Search found 134 matches

by etm
Sun May 17, 2015 8:54 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 181340

Re: Tesla S

... as I doubt many people keep their cars past 200k miles. You don't know Bogleheads. I think once you reach 150k to 200k miles on an EV you really won't care about replacing the battery because you'll be on to a new EV, which will be orders of magnitude greater in capability than your current car...
by etm
Sun May 17, 2015 11:35 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 181340

Re: Tesla S

On the Tesla Motor Club forums, people have gotten quotes for $25k currently and expect to to move closer to $10k over the next few years as the gigafactory comes online. To me, until Tesla comes up with an official public price, it is a major impediment to buying the car, whether new or used, but ...
by etm
Mon Apr 27, 2015 7:24 pm
Forum: Personal Consumer Issues
Topic: Chevy Volt (lease/buy) vs. used Leaf (in CA)
Replies: 3
Views: 864

Re: Chevy Volt (lease/buy) vs. used Leaf (in CA)

I have a 2013 Volt. If you need a car that has no range limitation then the Volt is a better choice than a Leaf. But if you will never drive past the battery range of the Leaf or Volt than perhaps a Leaf is a better deal if you want pure electric. I frequently drive over 50 miles so the range extend...
by etm
Sat May 31, 2014 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 12315

Re: Are hybrid cars a good idea yet?

The point of hybrids really isn't to save you money. The point is that if you keep your hybrid and drive it to 200,000 miles you'll most likely use fewer barrels of oil to do so than most other cars. Not everything is about saving money. If you want to save money give an orange as a Christmas gift....
by etm
Sat May 31, 2014 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 12315

Re: Are hybrid cars a good idea yet?

The point of hybrids really isn't to save you money. The point is that if you keep your hybrid and drive it to 200,000 miles you'll most likely use fewer barrels of oil to do so than most other cars. Not everything is about saving money. If you want to save money give an orange as a Christmas gift. ...
by etm
Sun Apr 27, 2014 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Is it a bad move to buy a home now?
Replies: 34
Views: 8143

Re: Is it a bad move to buy a home now?

The real questions is will paying $600k impact your ability to save for retirement? If the answer is no then buy. If the answer is yes then find something cheaper. In Los Angeles buying a home is like paying 34,000 for a base Honda Civic or 36 dollars for a six pack of Budweiser. The price is way ab...
by etm
Sun Apr 27, 2014 8:28 am
Forum: Investing - Theory, News & General
Topic: Help me understand Michael Lewis' "Flash Boys"
Replies: 175
Views: 37604

Re: Help me understand Michael Lewis' "Flash Boys"

I did not read the entire thread but "New Scientist" is reporting that in the UK they will be attempting to solve the "micro second arbitrage" problem by time stamping and linking all trades to an atomic clock hooked into the network.
by etm
Sun Apr 06, 2014 7:58 pm
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 9374

Re: Why is Joe Brennan defending high frequency trading?

You can have HFT without the scalping. They don't go hand in hand. I think that's more the point and the point of the IEX exchange and the point Lewis made on TV today. In fact, Lewis was saying that you really can have an even lower cost HFT network without the middle men and dark pools causing pro...
by etm
Sun Apr 06, 2014 3:07 pm
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 9374

Re: Why is Vanguard defending high frequency trading?

No, but I've read very detailed descriptions about his findings and I was already aware of these types of shenanigans long before the book came out, and I'm not even in the industry. That coupled with comments from other people more in-the-know than Lewis leads me to believe I'm pretty qualified to...
by etm
Sun Apr 06, 2014 3:04 pm
Forum: Investing - Theory, News & General
Topic: Why is Joe Brennan defending high frequency trading?
Replies: 54
Views: 9374

Re: Why is Joe Brennan defending high frequency trading?

People need to stop being defensive. The problem, as outlined in today's NYT article, isn't caused by a conspiracy or anything like that. It's caused by structural problems that are taken advantage. It's not a "blame" problem. The IEX exchange attempts to eliminate the structure problems that cause ...
by etm
Sat Mar 29, 2014 1:55 am
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 15071

Re: The Boglehead Car -- What is It?

I'd say Chevy Volt, new or used. Because you're not a car guy it doesn't matter that it's not a sports car. Therefore the electric drivetrain is superior to anything with an engine and transmission. Low cost of ownership? How about oil changes once every two years and . . . Well, and that's it. The ...
by etm
Fri Mar 07, 2014 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent no longer relevant?
Replies: 60
Views: 8851

Re: Buy vs rent no longer relevant?

The discussing is meaningless without knowing what part of the country you live in. In "normal" parts of the country it's probably a bit better to own than rent if you have a good job/career. In LA,NY, SF it's a bit different. It really all comes down to how easy is it for you to afford a house. If ...
by etm
Tue Dec 10, 2013 11:24 pm
Forum: Personal Consumer Issues
Topic: Best new car-under $30K
Replies: 44
Views: 5725

Re: Best new car-under $30K

If you qualify for the 7,500 Federal tax credit, a Chevy Volt comes in under 30k. Your state may even offer additional tax credits. If you don't spend between 2,000 and 3,000 a year on gas a Volt might not be compelling for you. But if you commute between 40-50 miles per day the Volt saves a lot of ...
by etm
Sun Sep 01, 2013 10:57 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 181340

Re: Tesla S

Here's another interesting study on the subject, but which only looks at GHG emissions: http://www.climatecentral.org/news/a-ro ... 2013-16318 Thanks for that article. Yes, at least some hybrids are greener. Also, who is "stealing" electricity? If you're talking about someone who sneaks a cord from...
by etm
Wed Jul 24, 2013 9:38 am
Forum: Investing - Theory, News & General
Topic: What did Bogleheads do when the stock market crashed?
Replies: 129
Views: 85558

Re: What did Bogleheads do when the stock market crashed?

I did nothing. Why? Because I thought the 'credit crunch' during the Great Depression and the bad policies that prolonged the depression would not be repeated by the Fed. Also, sales at the company I worked for only fell by about 12%. So by mid 2009 I really didn't think the economy could be collaps...
by etm
Mon Feb 25, 2013 5:17 pm
Forum: Personal Consumer Issues
Topic: How do you get a speeding ticket off your record
Replies: 11
Views: 1746

Re: How do you get a speeding ticket off your record

Boy, many states seem to really hate cars and drivers. In CA you can speed twice in 18 months. The first time you go to traffic school for 8 hours. The second time it is 12 hours. In both cases the convictions are not reported to your insurance company. At the height of the recession you could go ev...
by etm
Tue Feb 12, 2013 11:21 am
Forum: Personal Consumer Issues
Topic: Boglehead Concert Goers?
Replies: 64
Views: 5285

Re: Boglehead Concert Goers?

I see perhaps one show every five years. I used to buy the 80 dollar nose bleed seats my whole life. The last act I saw I went to a ticket broker and spent about 250 per ticket for seats that were about twenty yards from the stage on the side. It was well worth it. If you see a lot of shows per year...
by etm
Fri Feb 08, 2013 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Shocked, renting cheaper for me than buying home..
Replies: 8
Views: 1804

Re: Shocked, renting cheaper for me than buying home..

I've been pondering about buying a house for a few years now. I live in a very low-cost living area with low home prices, and been looking at possibly getting a 100k house outside town in a few years. As it turns out, continuing to rent my side of the duplex (shared with landlord-lives on other sid...
by etm
Wed Dec 05, 2012 4:35 pm
Forum: Personal Consumer Issues
Topic: Pasadena
Replies: 9
Views: 1090

Re: Pasadena

You can stay in downtown Los Angeles and take the Gold Line light rail right into Pasadena and walk to the rose bowl. You'll love it. You can also stay as far south as Long Beach (very nice city), take the Blue Line to downtown LA then the Gold Line to Pasadena. From downtown LA to Pasadena you'll b...
by etm
Thu Nov 29, 2012 12:38 pm
Forum: Personal Consumer Issues
Topic: High Salary & High COL vs Low Salary & Low COL
Replies: 80
Views: 8905

Re: High Salary & High COL vs Low Salary & Low COL

High COL does not always mean high COL for everything. A Toyota in Los Angeles does not cost 1.5x what it does in Kansas City (for example), same for plane tickets, food, clothing, etc. In some cases a large city may have a more liquid and competitive market for certain goods and services than a sma...
by etm
Thu Nov 08, 2012 6:33 pm
Forum: Investing - Theory, News & General
Topic: PBS Frontline is looking for people to interview
Replies: 24
Views: 9553

Re: PBS Frontline is looking for people to interview

Are they only looking for 403(b) people at this point? I'd volunteer by wife, but I doubt she would want to do it. I on the other hand would love to talk about high 401(k) fees.
by etm
Tue Nov 06, 2012 6:34 pm
Forum: Personal Consumer Issues
Topic: Learning Excel
Replies: 20
Views: 3828

Re: Learning Excel

Take a non credit adult education course at a local community college. Learning hands on from an instructor is the best way. Books are okay. But you'll really learn Excel if you have to do home work and build real spreadsheets and have an instructor for help when you get stuck. For what you want to ...
by etm
Tue Nov 06, 2012 6:08 pm
Forum: Personal Consumer Issues
Topic: Do you take these "workplace sensibility" classes seriously
Replies: 18
Views: 1527

Re: Do you take these "workplace sensibility" classes seriou

Faith, You can use a bit of humor to diffuse these situations. I always say it's a secret ballot so I can't reveal how I vote. Senator Monynihan used to joke that it was illegal for him to reveal his age or sex due to the Civil Rights acts. Or you can be mean to your co-worker and say you're not sur...
by etm
Tue Oct 16, 2012 1:15 pm
Forum: Personal Consumer Issues
Topic: What's the Current Estimate of the Liberal Arts?
Replies: 23
Views: 1886

Re: What's the Current Estimate of the Liberal Arts?

Luckily when I attended shcool my university had a very small core curriculum. So once that was out of the way it was amazing to take many courses in chemistry, English, religion, philosphy and math. My major was accounting. The best course I ever took was a two semester class about the Supreme Cour...
by etm
Fri Oct 12, 2012 10:46 am
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you freeze your credit?
Replies: 58
Views: 5956

Re: POLL: Do you freeze your credit?

Why? Those who posted they do didn't give reasons (or I missed them, not unlikely), the one clear exception being interplanetjanet. It doesn't cost me anything is not a reason; it doesn't cost me anything to eat dirt, but I don't do it on a regular basis. Why? Because even if someone is able to rep...
by etm
Fri Oct 12, 2012 10:20 am
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you freeze your credit?
Replies: 58
Views: 5956

Re: POLL: Do you freeze your credit?

I've had mine frozen since it became available. Here are a few things to keep in mind: (1) Keep your PIN numbers (needed to unfreeze your lock) in a safe place. (2) Two of the three agencies allow you to unfreeze via the web. It's almost instant. A third requires you to call in and unfreeze via touc...
by etm
Fri Sep 14, 2012 5:41 pm
Forum: Personal Consumer Issues
Topic: Most underrated band of all time [that you listen to]?
Replies: 342
Views: 21115

Re: Most underrated band of all time [that you listen to]?

Blue Nile

New Order

Roxy Music
by etm
Wed Sep 12, 2012 12:52 pm
Forum: Investing - Theory, News & General
Topic: NYT: Should the 401(k) be reformed or replaced?
Replies: 48
Views: 2863

Re: NYT: Should the 401(k) be reformed or replaced?

Why have it tied to the employer at all? In Canada you can skip your employeer's plan, contribute the max to your own IRA-type plan then deduct that amount on your taxes. It would be trivial for the IRS to compare the contributions you make to your own account (reported by Vanguard, Fidelity, etc.) ...
by etm
Mon Sep 10, 2012 10:39 am
Forum: Investing - Theory, News & General
Topic: Response to arguments against investing in a 401k?
Replies: 52
Views: 5417

Re: Response to arguments against investing in a 401k?

There are plenty of small employer plans through insurance companies that have expense rations of roughly 2% per fund after insurance company wrap fees. At 2% and above ER per fund you have to be careful and with big 401k balances because the fees can kill you.
by etm
Mon Aug 27, 2012 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Big Bank experiences and switch over to Credit Unions
Replies: 44
Views: 7814

Re: Big Bank experiences and switch over to Credit Unions

Switched from BofA to a county based credit union in Los Angeles county that's been around since the 1930s. It was very easy to switch. It took me about two hours to switch all my on-line banking over, credit cards, etc. Obviously, Vanguard had a two week wait on new accounts, and Treasury Direct re...
by etm
Tue Aug 21, 2012 10:51 am
Forum: Investing - Theory, News & General
Topic: More bad news for muni bonds
Replies: 31
Views: 4382

Re: More bad news for muni bonds

Actualy, in CA it's entirely unclear whether or not a municipal government can stop its payments that it makes to CALPERS, which is the state retirement system. CALPERS maintains that as a matter of law these payments cannot be stopped, and CALPERS comes before bond holders. This has never been tes...
by etm
Mon Aug 20, 2012 5:56 pm
Forum: Investing - Theory, News & General
Topic: More bad news for muni bonds
Replies: 31
Views: 4382

Re: More bad news for muni bonds

Actualy, in CA it's entirely unclear whether or not a municipal government can stop its payments that it makes to CALPERS, which is the state retirement system. CALPERS maintains that as a matter of law these payments cannot be stopped, and CALPERS comes before bond holders. This has never been test...
by etm
Mon Aug 20, 2012 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10385

Re: For the advocates of renting vs owning.

I think with a 20x price/annual-rent ratio, which seems to be a national average, renting is better. I agree, with a 20x price/annual rent, renting is cheap. I can't imagine renting a 200k house for $833/month. I live in the midwest, and here it would be about $1200-1500/month for a 200k house. At ...
by etm
Thu Aug 16, 2012 11:45 am
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10385

Re: For the advocates of renting vs owning.

I think with a 20x price/annual-rent ratio, which seems to be a national average, renting is better. I agree, with a 20x price/annual rent, renting is cheap. I can't imagine renting a 200k house for $833/month. I live in the midwest, and here it would be about $1200-1500/month for a 200k house. At ...
by etm
Wed Aug 15, 2012 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10385

Re: For the advocates of renting vs owning.

I think with a 20x price/annual-rent ratio, which seems to be a national average, renting is better. I agree, with a 20x price/annual rent, renting is cheap. I can't imagine renting a 200k house for $833/month. I live in the midwest, and here it would be about $1200-1500/month for a 200k house. At ...
by etm
Wed Aug 15, 2012 11:18 am
Forum: Investing - Help with Personal Investments
Topic: "In the long run we're all dead": Stock vs Bond fund alloc
Replies: 29
Views: 9757

Re: "In the long run we're all dead": Stock vs Bond fund all

I think it all depends on whether you can save enough for your future expenses with a modest return or not. If you can, there's nothing wrong with being conservative. But for some people their earning power and ability to save might be limited, and they may need the full power (and risk) of equities...
by etm
Tue Aug 14, 2012 5:38 pm
Forum: Investing - Theory, News & General
Topic: Is bogleheads investing a philosophy or a truth?
Replies: 46
Views: 4493

Re: Is bogleheads investing a philosophy or a truth?

The reason is that as Gore Vidal once said, "The schools don't teach children about alcohol and money." Vidal was making a joke. But there is something serious about it. Drinking and managing your money can literally ruin you if not done correctly and in moderation. But it's not something our societ...
by etm
Tue Aug 14, 2012 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10385

Re: For the advocates of renting vs owning.

Owning is great if you live in a 'normal' part of the country where housing prices are 2x-3x annual income. Sure, I can find a dump somewhere in Los Angeles county for 200k, buy it and say I have a home. But a decent place (like what I grew up in in Upstate, NY) is like 400-600k here.
by etm
Fri Aug 10, 2012 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is it dangerous to write a check?
Replies: 64
Views: 7301

Re: Is it dangerous to write a check?

In business banking you sometimes have what's called a control account for your disbursements. Each morning you see all the checks that are presented by the Fed Reserve system along with any electronic transactions. You then fund (or don't fund) this amount from a manual transfer from another accoun...
by etm
Mon Apr 30, 2012 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: contribute to a not so good 401k?
Replies: 6
Views: 639

Re: contribute to a not so good 401k?

You have to look at your balance. When your excess expense ratio multiplied by your balance results in a number that's larger than your tax savings and employeer match (if you have one) combined then you're losing money each year. If you're only going to stay for two years I would max out.
by etm
Fri Apr 06, 2012 5:24 pm
Forum: Investing - Theory, News & General
Topic: Reform/Abolish the Employer 401k
Replies: 33
Views: 4835

Re: Reform/Abolish the Employer 401k

It makes no sense at all that it is employer related. Work at Company A and get a selection of well thought out index funds with ERs as low as .01%. Work at employer B and get active funds with a sales load of 5.75% and ER of 1.45%. Work at employer C and get HCE limitations because your lower paid...
by etm
Fri Apr 06, 2012 8:19 am
Forum: Investing - Theory, News & General
Topic: Reform/Abolish the Employer 401k
Replies: 33
Views: 4835

Re: Reform/Abolish the Employer 401k

Nothing will change unless we act. Wholesale reform isn't possible(nor perhaps desirable), nor do any of us on this board possess enough knowledge of tax law and ERISA to write a detailed plan. But there is, I think, a simple solution. And that would be for there to be a requirement that all deferre...
by etm
Wed Apr 04, 2012 4:24 pm
Forum: Investing - Theory, News & General
Topic: 401(k) - Why do employers still trust bad advice?
Replies: 47
Views: 4098

Re: 401(k) - Why do employers still trust bad advice?

What I find baffling about our hodge podge of retirement systems is that if either political party put forward a new system (leave the old ones in place for those who like them) that was rational, easy to understand and benefited the population they would win a lot of votes from independent voters, ...
by etm
Mon Apr 02, 2012 4:38 pm
Forum: Investing - Theory, News & General
Topic: 401(k) - Why do employers still trust bad advice?
Replies: 47
Views: 4098

Re: 401(k) - Why do employers still trust bad advice?

The Canadian RRSP is interesting. If you don't like your employers plan you can fund your own RRSP with post-tax money and then claim a tax rebate at the end of the year. It's a shame America has an 'accidental' retirement system.
by etm
Fri Mar 30, 2012 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for my daughter if we die.
Replies: 18
Views: 2191

Re: Providing for my daughter if we die.

On final detail. Your estate should have clear timelines as to when expenses are reimbursed to the guardian. In the trust I work under all expenses must be paid within five business days of receipt. This keeps everyone happy, and the requirment of constant processing of expenses actually makes it ea...
by etm
Fri Mar 30, 2012 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for my daughter if we die.
Replies: 18
Views: 2191

Re: Providing for my daughter if we die.

I want to add one more bit of advice. If you have two guardians, see if you can add a third (a relative an hour away or something like that). Or if you have one, see if you can add a second. The purpose is that at some point during the process of caring for the child (which can go on for many years ...
by etm
Fri Mar 30, 2012 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for my daughter if we die.
Replies: 18
Views: 2191

Re: Providing for my daughter if we die.

I am in this situation and am a guardian for two children whose parents have passed away. The money (not as much as you have) is in a trust. The trustee has to provide yearly reports to the blood relatives. ( I am--how to put it?--a distant cousin through marrige. My wife is more directly related th...
by etm
Mon Feb 06, 2012 6:55 pm
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16008

Re: Facebook IPO will be the biggest disaster in IPO history

Yea, and the US in 1993 probably had about 30 million people who were on-line. Don't forget, you were paying 2.95 an hour to be on AOL. In the early 90s--think 91 or 92 you still didn't have nationwide dial up networks like Earthlink and Mindspring, etc. When AOL went to a flat rate plan I remember ...
by etm
Mon Feb 06, 2012 6:32 pm
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16008

Re: Facebook IPO will be the biggest disaster in IPO history

I don't know. AOL was huge in the mid 90s. The movie 'You've Got Mail' was based on AOL. When AOL had a one day mail outage it was the lead story for the network news because so many people, espeically small businesses, used AOL's mail. I had lots of friends on AOL. AOL died because the web became m...
by etm
Mon Feb 06, 2012 11:52 am
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16008

Re: Facebook IPO will be the biggest disaster in IPO history

The weird thing about Facebook is that the pages look like badly designed web pages from 1995.