Search found 230 matches

by Chris001122
Sat Aug 15, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Covid Salary Reduction, Debt vs. Investing v. Saving
Replies: 32
Views: 3117

Re: Covid Salary Reduction, Debt vs. Investing v. Saving

I highly recommend you start listening to "Dave Ramsey" podcasts and read his book "The Total Money Makeover." I did and still do from time to time. His advice helped me get out of debt. Now, at 54, I've been debt free 15 years and my wife and I have retirement savings around $1M...
by Chris001122
Fri Aug 07, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 202
Views: 19129

Re: What percent of net worth should a persons house be?

Mine is 15%.

It was important to me to have a paid off home so I have stayed in the same home for 21 years now. We paid it off 16 years ago. We haven't upgraded. Keeping the home has lowered our debt payments and kept us away from the trappings of more upscale neighborhoods.
by Chris001122
Sun Aug 02, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Wasp nest
Replies: 117
Views: 7114

Re: Wasp nest

All these ideas seem to have possibilities. I've heard that gasoline kills them if you pour it in the nest hole. I've never done it. I have done battle with some similar pests in the past. I wear a trench coat, long pants, a hat and maybe safety glasses. Having my escape route ready is important. I ...
by Chris001122
Fri Jul 31, 2020 9:44 pm
Forum: Personal Consumer Issues
Topic: Replacing appliances--buy dumb
Replies: 53
Views: 4562

Re: Replacing appliances--buy dumb

I hate my new dishwasher. It doesn't heat dry the dishes like the old one did. And, to remind you to open it when done in THREE HOURS, it beeps 10 times. If you fail to open it, it will remind you again in like every 30 minutes for forever. If you still refuse to open it, the dishes will be wet stil...
by Chris001122
Fri Jul 31, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: To rent out, or to sell?
Replies: 20
Views: 1418

Re: To rent out, or to sell?

I'm also voting for you to sell. Doesn't sound like a good time to have two houses. Pay off your new house and get out of debt.
by Chris001122
Sat Jul 11, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: House with high tension power lines in backyard
Replies: 71
Views: 4925

Re: House with high tension power lines in backyard

I will pass a house with high tension power lines nearby. This is not out of the so called health effects of low frequency electromagnetic field on human body. I don't believe such unproven wild ideas: I work with EM fields. I am concerned with a danger in any accidents such as live broken power li...
by Chris001122
Fri Jul 10, 2020 7:16 pm
Forum: Personal Consumer Issues
Topic: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.
Replies: 72
Views: 5062

Re: Tip Dental Hygienist for Teeth Cleaning? Thanks everyone.

My vote is no as well. It could make her feel small, like a bag-boy or a waitress. It also might be interpreted as a romantic gesture, which would be very inappropriate if either you or she is married or in a committed relationship. Finally, even if she liked the gift, it will probably get out that ...
by Chris001122
Wed Jul 08, 2020 7:26 pm
Forum: Personal Consumer Issues
Topic: Brooks Brothers Bankruptcy - Quality Issues
Replies: 83
Views: 7779

Re: Brooks Brothers Bankruptcy - Quality Issues

First of all, great "thread", no pun intended. Also, I have bought BB shirts, which I love, on eBAy for pennies on the dollar. I'm guessing these might be shirts that people forget at dry cleaners or other lightly used shirts. It might be worth comparing what your needs are to what you can...
by Chris001122
Mon Jul 06, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 189
Views: 13613

Re: Neighborhood Noise

I am also sensitive to noise. I use earplugs in my ears at night. I get them from wal-mart's medical section. I also purchased a chili-pad to improve the bed temperature and one nice side effect is that it has a fan that runs and blocks nearly all noise. It's kinda pricey, but I do like it. I paid a...
by Chris001122
Mon Jul 06, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Management Strategies - Entrenched Bad Staff
Replies: 23
Views: 1904

Re: Management Strategies - Entrenched Bad Staff

I wonder if you have asked the problem employees what motivates them. The reason is because different things motivate different people. I tend to send poorly done work back to people and have them correct it themselves, too. Keeping some notes on the number of errors could be helpful to you and them...
by Chris001122
Mon Jul 06, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2057
Views: 495136

Re: Share your networth progression

What is the point of this thread? And I am not being sarcastic. The book, The Millionaire Next Door , took a survey of millionaires. They asked the millionaires if they tracked their net worth a. Yearly b. Quarterly c. Monthly d. Not at all If I recall the trend, almost all answered a, b, or c. The...
by Chris001122
Tue Jun 16, 2020 7:08 pm
Forum: Personal Consumer Issues
Topic: I think I need a new computer
Replies: 135
Views: 7305

Re: I think I need a new computer

I love my new Microsoft Surface Pro 6. It's small but runs Windows 10 and Office 365. It works with a nice pen. I like pens.
by Chris001122
Tue Jun 16, 2020 6:57 am
Forum: Personal Investments
Topic: Portfolio Re-balance... What's Next?
Replies: 41
Views: 4482

Re: Portfolio Re-balance... What's Next?

Hey, when I first started doing the Boglehead method, I had a similar problem. I had funds in an external IRA and in my company account. Also, my wife had funds. I made a spreadsheet to total all the "stock" and "bond" and "international" from all accounts in that sprea...
by Chris001122
Sun Jun 14, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fence repair responsibility
Replies: 30
Views: 2438

Re: Fence repair responsibility

One option is to build your own fence to your liking on your property. I have a fence in my yard but I moved in after the house was built. I have no idea who "owns" the fence. Is this your situation as well? If he damaged YOUR fence, I would think he must repair your fence on his expense. ...
by Chris001122
Fri Jun 12, 2020 9:39 pm
Forum: Personal Consumer Issues
Topic: caulk puncture tool ?
Replies: 71
Views: 3902

Re: caulk puncture tool ?

my awl put too small a hole, so I used a long nail.
by Chris001122
Thu Jun 04, 2020 8:38 pm
Forum: Personal Consumer Issues
Topic: What cellphone plan do you recommend?
Replies: 60
Views: 4099

Re: What cellphone plan do you recommend?

I just extended my plan with Tracfone for another year. I used a promo code to take $50 off the $125 smartphone plan. Including taxes, I ended up paying $80.77 for 1500 minutes + 1500 texts + 1.5 GB. That works out to $6.73 / month. This will take me to June 12, 2021. I think we have a winner (exce...
by Chris001122
Mon Jun 01, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Who gets selected for layoffs?
Replies: 3
Views: 740

Re: Who gets selected for layoffs?

There are different reasons. Sometimes, poor performers are targeted and other times, good performers are impacted, too. I personally never conclude that a person was doing a bad job just because they were laid off. I know some people that do, but I have not found that to be a popular opinion. A lay...
by Chris001122
Sat Apr 25, 2020 7:46 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 93
Views: 10830

Re: Dave Ramsey against index funds?

Dave has some good elements to his work. Reduce or eliminate debt, buy a house, manage your money well by budgeting, and so on. His less popular advice is about investing. Index funds have a lot of advantages and so does having an asset allocation. Dave is a rich guy. You won't do badly listening to...
by Chris001122
Fri Apr 10, 2020 8:36 am
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7672

Re: Follow Bernstein or Bogle

Hello I can relate to your story. In 2008 I flinched when you did not. I ended up regretting it. I don't necessarily think being closer to retirement is a reason to go 100% cash. The markets came back after 2008 and I bought back in, but still lost some overall value by selling low and buying higher...
by Chris001122
Fri Apr 10, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: Investor says Stock Market Gains will only be 2% a year next 20 years
Replies: 110
Views: 10214

Re: Investor says Stock Market Gains will only be 2% a year next 20 years

I stopped believing at the part where it mentions that he is a "value investor."

Oh, and 2% is higher than 0%, so stay the course.

And, see my signature.

Have a nice Good Friday (I'm off work today!)

Praising God.
by Chris001122
Thu Apr 02, 2020 7:01 am
Forum: Personal Consumer Issues
Topic: Replacing Cable TV with Streaming: Critical Analysis
Replies: 86
Views: 5784

Re: Replacing Cable TV with Streaming: Critical Analysis

I do NOT know how you get the golf and tennis content streaming. Maybe ask some others. Possibly check out YouTube TV or Sling TV for their sports packages if this exists. You can buy the entire Star Trek series on DVD for like 50-100 dollars. I have it. I think it was closer to 50 dollars. That pro...
by Chris001122
Fri Mar 27, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 88
Views: 6173

Re: MBA Worth It?

It's worth it if it is worth it to her. I have an MBA from a good state school. Was offered a scholarship to attend a top-20 MBA school, but I decided that the two years of lost salary was too much to walk away from. It was difficult and I spent a lot of nights and weekends in class and studying tha...
by Chris001122
Mon Mar 23, 2020 6:17 pm
Forum: Personal Investments
Topic: Thread: It’s your First recession (or not) and you’re staying the course
Replies: 65
Views: 3840

Re: Thread: It’s your First recession (or not) and you’re staying the course

My S&P 500 index funds are down about 18% since this time last year. My total bond market funds are up about 3% since this time last year. I'd say that is a 15% decline in the past year, since I am 50/50 in each for most of my retirement funds. Nothing to worry about for me. Also, this quote: &q...
by Chris001122
Sat Mar 21, 2020 7:42 am
Forum: Personal Investments
Topic: I knew this was going to happen and did nothing...
Replies: 107
Views: 10297

Re: I knew this was going to happen and did nothing...

I agree with the folks that are saying you actually did the right thing by not selling stocks. I've tried to do this and failed. The key is knowing when to buy back in and that is hard to do. If you wait until averages return to where you sold, you actually did not "gain" anything by selli...
by Chris001122
Fri Mar 13, 2020 6:50 am
Forum: Personal Consumer Issues
Topic: Coffee Makers
Replies: 55
Views: 3425

Re: Coffee Makers

I received some free coupons at my dad's grocery store where he worked. I bought a Cuisinart 12-cup (maybe 14 cup?) coffee maker with it. The thing is pretty awesome. I don't like that it beeps when the coffee is ready, but I have gotten used to it. It makes good coffee day after day. I think it's w...
by Chris001122
Thu Mar 12, 2020 6:54 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Reacts to Stock Market Crash
Replies: 93
Views: 15357

Re: Dave Ramsey Reacts to Stock Market Crash

watchnerd wrote: Wed Mar 11, 2020 3:16 pm
I'll check back in 9.5 years from now, when I'll actually be able to touch my tax-deferred investments without penalty.
Nice! I agree!

:D
by Chris001122
Wed Mar 11, 2020 6:52 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Reacts to Stock Market Crash
Replies: 93
Views: 15357

Re: Dave Ramsey Reacts to Stock Market Crash

Put me on Team Dave. I learned a lot from his radio shows, his podcasts, and his books. I think he is doing a huge service to others and I agree with much of what he says. I also agree with some on here that the investing portion of Dave's approach cannot match Boglehead approach. I use the Boglehea...
by Chris001122
Sun Mar 08, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do about neighbor riding his ATV on my property?
Replies: 16
Views: 2165

Re: What should I do about neighbor riding his ATV on my property?

I'd call the police the next times it happens. If he comes a knocking again, be prepared to be firm and tell him this is your property now and you don't like it. No "friend" would sell you property and then get mad at you for telling folks not to trespass on it. Unless you agreed to that w...
by Chris001122
Sun Mar 08, 2020 8:28 am
Forum: Investing - Theory, News & General
Topic: Sure wish Jack was here to opine
Replies: 54
Views: 4380

Re: Sure wish Jack was here to opine

Different noise affects different people in different ways. My wife gets anxious after reading her ipad and the news but even my wife said that, yes like 300 people have died but lots more have died this season from the regular flu. My prescription is to avoid news websites, news apps, news e-mails,...
by Chris001122
Sun Mar 08, 2020 8:07 am
Forum: Personal Finance (Not Investing)
Topic: deducting home office equipment?
Replies: 4
Views: 454

Re: deducting home office equipment?

Maybe "borrow" the chair and desk from work if they will allow it. I agree that you should not have to pay for this, even with a paltry 20% "deduction". The rules for office equipment at home were strict years ago. You couldn't use it for anything but work, etc. If you did, you h...
by Chris001122
Fri Feb 28, 2020 7:43 am
Forum: Personal Consumer Issues
Topic: iPhone 6s - upgrade to 11 or 12?
Replies: 41
Views: 3140

Re: iPhone 6s - upgrade to 11 or 12?

If it still works, I would just keep it. I have a google pixel 2 and it's enough for me. I think the latest "phones" just have more camera modes. I've actually seen some of them that are too big for my hand so I have to keep an eye on that. I like to hold them in my hand to make sure they ...
by Chris001122
Fri Feb 28, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Pay off credit card bill before I actually recieve the bill? Credit rating implcations?
Replies: 23
Views: 2023

Re: Pay off credit card bill before I actually recieve the bill? Credit rating implcations?

This post reminded me of the 1990s when I used credit cards. Thanks for the trip down memory lane.

Sadly, I have no advice for you on this topic as I no longer use credit cards. I save up and pay cash for things that I need. If I do not have the cash, I do not buy it.
by Chris001122
Sat Feb 22, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Net present value of mortgage considering inflation
Replies: 28
Views: 1591

Re: Mortgage vs no mortgage break even w/ inflation

With debt, the interest in the first years is much higher than 3%. For a fixed 30 year at 3% starting now, the first payment will be $695 with $412 going to interest. This is 59% of the payment, not 3%. Also, the total interest paid would be $85,000 at the end of 30 years. People use the low rate to...
by Chris001122
Fri Feb 21, 2020 7:55 am
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8470

Re: Used car purchase - now dreading it

Just about every car I have bought recently has had a bad smell, smoke, dog, you name it. 1. Air the car out when possible. Roll windows down in sun and leave open. 2. Clean all the plastic with cleaner, Really work on this. 3. Vacuum all carpet well especially in between seats and in cracks. Remove...
by Chris001122
Fri Feb 21, 2020 7:34 am
Forum: Investing - Theory, News & General
Topic: How do you objectively set Stock vs Bond Allocation
Replies: 81
Views: 6088

Re: How do you objectively set Stock vs Bond Allocation

I follow the "your age in bonds" approach. Bogle was known to tout this.

If I am 50 years old, then I have 50% of my retirement money in bonds, the rest (50%) in stocks.

I am married, so I average my age and my wife's age to get the target bond allocation.
by Chris001122
Tue Feb 18, 2020 7:41 am
Forum: Personal Investments
Topic: Another mortgage refi question: 30 to 15 year?
Replies: 9
Views: 1067

Re: Another mortgage refi question: 30 to 15 year?

I refinanced from 30 year to 15 year about 2-3 years into a 30 year. I think the fees were around $3000 back then. 3 years later, we paid off the entire house. It got us excited about the goal and was one more big step towards getting it paid off. That lower interest total is what we focused on. Ove...
by Chris001122
Sun Feb 16, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: Microsoft Office free online version
Replies: 14
Views: 1779

Re: Microsoft Office free online version

I've used Office online at work. Works fairly well for spreadsheets for sure. Saves to the cloud at my work to "Box". You can download a local copy from there if needed and open in MS Office client if needed (if you have it). I won't put my passwords and financial data in yet another onlin...
by Chris001122
Sat Feb 08, 2020 7:29 am
Forum: Personal Consumer Issues
Topic: NY Solar Farms- Scam?
Replies: 33
Views: 6787

Re: NY Solar Farms- Scam?

I live in western New York. In the last few months I have received several mailings from Solar Farms NY asking me to join and lower my energy bill. Makes it sound like it is free money- so I smell a rat. Apparently this company is installing solar panel farms on waste land and by joining I get &quo...
by Chris001122
Tue Feb 04, 2020 6:51 pm
Forum: Personal Investments
Topic: FIRED!! [Unexpectedly laid off]
Replies: 59
Views: 12932

Re: FIRED!!

2. I'd put 59% in bonds and 41% in stocks. This is from Jack Bogle, not me. You have less years before retirement to make up huge stock losses, and markets take awhile to recover lost stock gains. The bonds will shield you from that somewhat. I think the OP is looking at 50/50 (35% US, 15% internat...
by Chris001122
Tue Feb 04, 2020 7:44 am
Forum: Personal Investments
Topic: FIRED!! [Unexpectedly laid off]
Replies: 59
Views: 12932

Re: FIRED!!

1. Encouragement - Getting laid off was one of the best things that ever happened to me. I ended up as an engineer with one of the best companies in the entire world, making just as much money as before. Buffett still works at 89, why not just find more work? 2. I'd put 59% in bonds and 41% in stock...
by Chris001122
Sun Feb 02, 2020 12:37 pm
Forum: Personal Investments
Topic: Request to review portfolio - 39 years old family man
Replies: 23
Views: 3369

Re: Request to review portfolio - 39 years old family man

You should get a lot of good advice here. I did when I posted a long time ago. I've done well in the past 8-9 years of being a BH. Now I am in the two comma club and have plenty of sleep at night. 54 y.o. here. 1. You don't mention about adjusting your AA as you get older. You are 39 years old and w...
by Chris001122
Fri Jan 31, 2020 7:54 am
Forum: Personal Consumer Issues
Topic: Tesla Fire Safety
Replies: 26
Views: 1572

Re: Tesla Fire Safety

When they do catch fire, the Tesla cars are extremely hard to "put out". Fire departments may catch on to this and have to charge owners an extra fee just to own them. Firemen may have to develop new ways to extinguish fires with Tesla cars. Go to YouTube and search "Tesla fires"...
by Chris001122
Fri Jan 31, 2020 7:43 am
Forum: Personal Consumer Issues
Topic: Considering an iPad. Is it worth it?
Replies: 116
Views: 7160

Re: Considering an iPad. Is it worth it?

Depends. I found all my tablets were too compelling and I spent too much time on them especially near bed time and that was keeping me up too late. I sold or stored mine away from easy access. It was one too many screens. My wife has an ipad that I bought for her and I believe she would be a lot bet...
by Chris001122
Thu Jan 30, 2020 8:01 am
Forum: Personal Investments
Topic: Can I Dump My Emergency Fund?
Replies: 128
Views: 11422

Re: Can I Dump My Emergency Fund?

I am loving this thread and all the great advice, especially the link that Taylor gave to the simplify quotes. Love the the Warren Buffett quote at the end. Anyway, I do keep an emergency fund. It's useful for my peace of mind. I have a job that we depend on for most of our income. If that job was t...
by Chris001122
Tue Jan 28, 2020 9:54 pm
Forum: Personal Consumer Issues
Topic: Benefits of buying things secondhand?
Replies: 93
Views: 7455

Re: Benefits of buying things secondhand?

I do like using eBay when I can get a deal on a lightly used or good condition item as opposed to Amazon or others. I shun the used clothing and books places for now but have frequented both in the past. Lately, really enjoying listening to books as opposed to reading them. Audible seems to have a l...
by Chris001122
Thu Jan 23, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I get annual termite inspections of my home?
Replies: 32
Views: 2565

Re: Should I get annual termite inspections of my home?

Wow. Thanks for all the replies. Now that the votes are in, I plan to get my annual termite inspection again.

Thank you, Boglehead community!
by Chris001122
Wed Jan 22, 2020 8:01 am
Forum: Personal Consumer Issues
Topic: what to do with old engineering text books
Replies: 72
Views: 5893

Re: what to do with old engineering text books

I didn't read the whole thread. Here is my approach. I have kept many of my engineering text books. The main purpose at first was to pass the EIT test and then eventually the PE test. I am an EE if that matters. I did lend one of my power text books to one of my bosses at my first job. He used it to...