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by letsgobobby
Mon Jul 23, 2018 1:08 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3135
Views: 957639

Re: What Book Are You Currently Reading? Part VI

God’s Crucible: Islam and the Making of Europe, 570-1215. Listening to audiobook. Only 5% into it. Already I have learned some very important new perspectives, and already all the Arabic names have confounded me. It might be worse on CD than it is in writing, and that’s saying something. I had hoped...
by letsgobobby
Mon Jul 23, 2018 1:06 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3135
Views: 957639

Re: What Book Are You Currently Reading? Part VI

Blues wrote:
Fri Jul 06, 2018 7:25 am
jacoavlu wrote:
Thu Jul 05, 2018 11:37 pm
Starting in again (third time) on the border trilogy by Cormac McCarthy. So, so good.
One of my all-time favorites. :beer
Painfully good, it hurts when it ends. Unparalleled.
by letsgobobby
Mon Jul 23, 2018 1:03 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3135
Views: 957639

Re: What Book Are You Currently Reading? Part VI

I have never managed to read more than about twenty pages of any book by Ernest Hemingway, but I do feel that I ought to, so I'm giving it another shot... this time, Death in the Afternoon . That's his 496-page book on bullfighting in Spain in the 1920s. I've read about 29% of it... but I don't thi...
by letsgobobby
Sun Jul 22, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 20
Views: 1902

Re: Excel worksheet for calculating SS bend points

I'm not sure what you're wanting to see/show. If you gave more details, I'm sure someone here could help you get there. I was just showing graphically what the components of the spreadsheet could be, including the intermediate results. I'm not sure if that's what you were looking for. I am not sure...
by letsgobobby
Sun Jul 22, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 31
Views: 3937

Re: Shopping for a new hot tub

How about a year later? How do you like it? Actively shopping. Have narrowed it down to Artesian, Nordic, and Costco (the former two based on quality/durability and local availability by an extremely highly rated local supplier). There is a five-six person Artesian available for $5700 including tax...
by letsgobobby
Sun Jul 22, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Suggestions About Simulating Homemade Chicken Stock
Replies: 28
Views: 1360

Re: Suggestions About Simulating Homemade Chicken Stock

Does it really heat up the house to simmer a stock pot full of bones and meat for an hour? My recipe is simple. Chopped up chicken bones and parts, rendered for fifteen minutes. Add a chopped up onion for five minutes. Add two quarts of water, 1-2 tsp of salt, and two bay leaves and simmer covered f...
by letsgobobby
Sat Jul 21, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 178
Views: 21867

Re: Vanguard New Factor Funds Portfolio Statistics

I was a bit impatient for portfolio statistic on the new factor funds, so I've started calculating them, at least roughly. You can export the portfolio's from Vanguard, tweak the CSV file, and import the portfolio into M*'s portfolio manager. The big limitation is a limit of 200 holdings. So I have...
by letsgobobby
Fri Jul 20, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents
Replies: 11
Views: 679

Re: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents

No international is a mistake in my opinion, a fairly major mistake.

Drain down your taxable and either increase your 403b or Roth contributions or pay down your debt.

No new house or car for 3+ years after fellowship.

Live on one salary and bank the other.

Welcome!
by letsgobobby
Fri Jul 20, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Excess in 529 Plan
Replies: 8
Views: 962

Re: Excess in 529 Plan

You may pay for your own educational expenses if you wish, including living expenses if you are at least a half time student.
by letsgobobby
Fri Jul 20, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8647

Re: Should I Dump a Pile of Money on Young Son?

My actual answer is it depends on the rest of your estate plan. Obviously your entire startegy should be cohesive. Without knowing anything else, in your situation I might give my son $100,000 and see what happens.
by letsgobobby
Fri Jul 20, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8647

Re: Should I Dump a Pile of Money on Young Son?

Rupert wrote:
Fri Jul 20, 2018 11:15 am
letsgobobby wrote:
Fri Jul 20, 2018 11:06 am

Does money always change everybody?
No, but compare the secretary who accumulates millions over time to the typical lottery winner.
Other than age, what about the son in this case makes you concerned a million dollars would ruin him?
by letsgobobby
Fri Jul 20, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8647

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for you...
by letsgobobby
Fri Jul 20, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 126
Views: 8647

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for you...
by letsgobobby
Wed Jul 18, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Planning a trip to France in June 2019 - ADvice ?
Replies: 17
Views: 1008

Re: Planning a trip to France in June 2019 - ADvice ?

Fun thing to do in France. Buy 2019 Michelin Guide Rouge Find the ‘value’ restaurants scattered in small towns across the country (bib gourmand) Organize your trip from town to town making sure to eat at one of those restaurants each night. Note these are not starred restaurants, but much more affor...
by letsgobobby
Wed Jul 18, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 31
Views: 3937

Re: Shopping for a new hot tub

Costco had a model called the Aquaterra Chesapeake on sale until monday for $4499. It's no longer for sale at all, unfortunately. It was 7' x 7'7" which would be more ideal for my space, which was the reason it was on my list. One Spa dealer is selling one on Craigslist for the same price and adver...
by letsgobobby
Wed Jul 18, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning and Charity
Replies: 18
Views: 1327

Re: Estate Planning and Charity

oddly enough, I can't think of anything that I feel particularly strong enough about right now, but I'd like to have something to put down initially on my trust though I know anything I do put can be changed at any time in the future. I'm just curious to know how you all went about deciding on any ...
by letsgobobby
Mon Jul 16, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2643

Re: Would you pay $120 for a 5 year dishwasher warranty?

livesoft wrote:
Mon Jul 16, 2018 5:59 pm
I would not. I know how to fix dishwashers.
Parts alone could easily exceed $25 per year. I don't know about whirlpool but my supposedly highly rated Kenmore needed four service calls in three years and the parts were around $150. But our new Bosch has been great.
by letsgobobby
Mon Jul 16, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 59
Views: 4571

Re: Bears!!!

If anything other than bear proof trash cans worked, don’t you think the NPS would have gone with that other, cheaper option already? Every NP unit with a significant bear population uses bearproof trash cans because they’re the only thing that work. You can visit the Grizzly and Wolf Discovery Cent...
by letsgobobby
Sun Jul 15, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 41
Views: 17842

Re: Death Book

I'm relatively new here and have learned lots since I've been reading. While researching investment policy statements, I came across mentions of letter of instruction. In our house, this is fondly known as the "death book". I stumbled onto the version my Dad put together before he died and it was i...
by letsgobobby
Sun Jul 15, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 12661

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Like many of you we have tons of accounts. And for the many of you who also participate in new account bonus chasing, you know what I mean by "tons" of accounts. My wife and I go over monthly all of our money and everything is tied into mint.com so we have up to the second views of our accounts. On...
by letsgobobby
Sun Jul 15, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing 85% of 401k contribution going to bonds
Replies: 21
Views: 2499

Re: Realizing 85% of 401k contribution going to bonds

I have 80/20 asset allocation and I’m fortunate enough to max 401k, HSA, Roth IRAs for me and wife and contribute to taxable. I just realized that based on my total yearly contributions, in order to contribute 20% to bonds I’m putting up to 85% of my 401k contribution toward bonds (this includes em...
by letsgobobby
Sat Jul 14, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 59
Views: 5478

Re: Is expensive olive oil worth it?

I buy in Costco Kirkland Organic Extra Virgin Olive Oil in 2-liter (2 Qt. 3.6 Fl Oz) containers. I only use it in salads; I don't fry. The expiration date is usually at least a year later, and I buy several containers at a time. This oil provides an excellent benefit/cost ratio. Victoria We occasio...
by letsgobobby
Sat Jul 14, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: How much does your accountant cost?
Replies: 21
Views: 2052

Re: How much does your accountant cost?

I was given a nearly $1000 estimate no schedule c but otherwise seemingly pretty complex. I opted to keep doing it myself and beginning next year plan to have considerably simpler taxes.
by letsgobobby
Sat Jul 14, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Change in Flagship Rep Service ?
Replies: 21
Views: 2237

Re: Change in Flagship Rep Service ?

I have had a rep by committee type of thing for the past year. My picture rep has gone but my emails are often answered within the same day. No complaints, but it is less personal. I don’t mind though - they are quick to respond and get me the information I need so I am happy. I use this system now...
by letsgobobby
Sat Jul 14, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust - conveyance of assets
Replies: 11
Views: 770

Re: Living Revocable Trust - conveyance of assets

After creating our trust our attorney provided specific instructions about what to change and how. She took care of the primary residence retitling but the rest we did.

I made a spreadsheet to make sure each item was correctly addressed. It’s taken about six weeks so far. Should be done in 1-2 weeks.
by letsgobobby
Sat Jul 14, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?
Replies: 53
Views: 5798

Re: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?

I just opened IRAs with Chase to get CPC and can confirm I can't buy VTSAX or VTIAX. Will also try with the brokerage account once that is opened and see if it works. We’re you able to buy the admiral shares in the taxable brokerage account? Just checked, can still buy admiral shares in taxable. Al...
by letsgobobby
Sat Jul 14, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: many differences in small cap indexes
Replies: 26
Views: 1496

Re: many differences in small cap indexes

Regarding the S&P 600 index, I don't think anyone has mentioned this, but the index was able to avoid a lot of the dot-com carnage around 1999 because it has a requirement that companies in the index have at least three consecutive years of earnings or at least three years of earnings. I believe th...
by letsgobobby
Sat Jul 14, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: many differences in small cap indexes
Replies: 26
Views: 1496

Re: many differences in small cap indexes

I wanted to allocate a portion of my portfolio to small caps. It seems to me there are quite a bit of differences (and performance deltas) between small cap indices. The russell 2000 index seems to trail the S&P 600 index by a healthy margin. And I don't think there is any recency bias her because ...
by letsgobobby
Sat Jul 14, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 31
Views: 2103

Re: are mccormick gourmet spices better

In most cases whole spices are vastly superior in taste than preground, and they keep longer. The best ‘spice grinder’ I have found is a $25 magic bullet. Use it for all kind of spice mixes and individual spices. Cumin seed to ground cumin, incredibly fragrant. Then lightly toast it, even better. I’...
by letsgobobby
Fri Jul 13, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

So, this thread is misleading because it implies that you would have missed out on market gains except for these six maga-stocks. But these weren't the only stocks that have done well in 2018; they're just the ones that accounted for most of the wealth created in the stock market. The SPEE has gone...
by letsgobobby
Fri Jul 13, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7500

Re: Whole Life - We're doing it. What to look for?

If I understand, your motivation for getting WL is the attraction of a permanent death benefit, ie, one that exists even after your current term policy expires. Is that correct? If so, that is a perfectly valid reason to get WL. Many will decide they don't need or want that, for example, they plan t...
by letsgobobby
Fri Jul 13, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

zonto wrote:
Fri Jul 13, 2018 6:17 am
I thought this article was informative and thought I’d share: http://awealthofcommonsense.com/2018/07 ... ck-market/
Thanks for posting as this answers some of my questions.
by letsgobobby
Wed Jul 11, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: I Now Have a Revocable Trust and Have Questions
Replies: 14
Views: 1438

Re: I Now Have a Revocable Trust and Have Questions

Go get a good experienced trust and estate attorney now. Pay what it costs. We used someone who was quickly out of his league with our estate and ended up wasting several years and thousands of dollars. Our new estate plan took three meetings and it's done. Exactly what we wanted. Would have been be...
by letsgobobby
Wed Jul 11, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

The only meaningful way to attribute proportions of returns to a (cap weighted) index is by market cap. I assume they did that? I think you misunderstand what I meant. For example the 10 largest holdings in VFINX account for ~22% of the assets (as of 5/31/18). So they account for ~22% of the return...
by letsgobobby
Wed Jul 11, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

The only meaningful way to attribute proportions of returns to a (cap weighted) index is by market cap. I assume they did that? I think you misunderstand what I meant. For example the 10 largest holdings in VFINX account for ~22% of the assets (as of 5/31/18). So they account for ~22% of the return...
by letsgobobby
Wed Jul 11, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

House Blend wrote:
Wed Jul 11, 2018 9:28 am
letsgobobby wrote:
Tue Jul 10, 2018 3:35 pm
My thoughts are

The only meaningful way to attribute proportions of returns to a (cap weighted) index is by market cap.
I assume they did that?
by letsgobobby
Wed Jul 11, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Re: Six stocks make up 98% of S&P 500 gains in 2018

FWIW, looking at the 500 companies in the S&P500 individually (as of close yesterday): * 268 are up year-to-date and 236 are down (53% are up YTD and 47% are down). * 67 (or 13%) of the "up" stocks were up 20% of more YTD. * Of those that are up YTD, median amount is about 11% and ranges from +0.02...
by letsgobobby
Wed Jul 11, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7500

Re: Whole Life - We're doing it. What to look for?

how can cash value after one year be equal to your premium? It’s as if the insurance is free.
by letsgobobby
Tue Jul 10, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10089

Six stocks make up 98% of S&P 500 gains in 2018

https://www.cnbc.com/2018/07/10/amazon-netflix-and-microsoft-hold-most-of-the-markets-gain-in-2018.html Amazon Netflix Microsoft Apple Facebook Alphabet My thoughts are 1. Weak breadth can signify a market correction or worse 2. A declining cumulative A/D line likewise, but I don't know how to find ...
by letsgobobby
Tue Jul 10, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7500

Re: Whole Life - We're doing it. What to look for?

Does WL pay out faster than term? I have never heard such a thing.
by letsgobobby
Mon Jul 09, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6216

Re: Older Women Lifting Weights

What's new is that gym bros are learning that you can't do arm curls and two sets of fifteen of anything to optimize overall strength. I'm not talking about professionals, who knew about deadlifts and squats in high weight/low rep programming decades ago. I'm talking about average Joe and Jane at th...
by letsgobobby
Sun Jul 08, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6216

Re: Older Women Lifting Weights

If interested, you can google Miranda Esmond White. She is a 60-something former ballerina from Canada. She is not a fan of weight lifting and she says fitness has these components: 1. strength 2. flexibility 3. range of motion 4. balance She says flexibilty is the fountain of youth and her exercis...
by letsgobobby
Sun Jul 08, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5634

Re: Girls and investing

Such an interesting question. I've been teaching my kids about investing since they were born. We talk about transferring money from their bank to their UTMA and buying shares of their target date 2200 fund. We talk about how investing in index funds buys them a tiny slice of profit every time we go...
by letsgobobby
Sat Jul 07, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5366

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

Firehosed. Especially for the air filters.

The others are just dealership prices.
by letsgobobby
Sat Jul 07, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 3995

Re: Tipping in a hotel room/cruise ship room

Last year, I saw a YouTube where a UK national was hired on a major cruise line as an assistant waiter. He managed to stick it out for about ten weeks. When you considered his salary and his tips, less the money that he was charged for living expenses, uniform fees, and several other charges. he ma...
by letsgobobby
Sat Jul 07, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 3995

Re: Tipping in a hotel room/cruise ship room

Cruises have the nice feature that they tell you up front what expected gratuities are. They also automatically add them to your room charges at the end of your trip. You have the option of changing those amounts; you also have the option of taking those amounts in cash and putting the money in enve...
by letsgobobby
Sat Jul 07, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5329

Re: How to tip

In my area staff is paid the minimum wage, which is $11.50 in one state and $12 in another, and going to $15 in a couple years. I pay 13-15% of pretax amount and will trend to 10% when we get to $15. In other locations with a non living wage minimum wage I still tip 15-18% unless the service is abov...
by letsgobobby
Fri Jul 06, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6216

Re: Older Women Lifting Weights

Great plan. As others said don't abandon progressive resistance just because you must use bodyweight. The principle of progressive overload still applies. You only get stronger by asking your muscles to lift more weight.