Search found 584 matches

by FireProof
Fri Dec 14, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 63
Views: 6792

Re: Is expensive olive oil worth it?

Op, the two olive oils you list in your cupboard, berio and Bertolli were the subject of class action suits for labeling olive oil extra virgin but in fact, they were not. In general, I think one has a better chance of purchasing real olive oil if you stay away from Italy. Greece and Spain for inst...
by FireProof
Tue Dec 11, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7719

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

In general, travel to see landmarks is fairly unrewarding in my experience. They all start to look similar after a while. Traveling for experiences, trying new food, seeing a bit (or a lot) of other cultures can be more fun, but certainly isn't for everybody, and may not be that accessible if you ha...
by FireProof
Fri Dec 07, 2018 5:31 am
Forum: Investing - Theory, News & General
Topic: We Are Teetering on the Edge of A DEATH CROSS
Replies: 50
Views: 8491

Re: We Are Teetering on the Edge of A DEATH CROSS

Only on the financial pages of respectable publications do you see the equivalent of the ravings of a schizophrenic blogger.
by FireProof
Thu Dec 06, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: How to cheaply replace my smartphone?
Replies: 29
Views: 1871

Re: How to cheaply replace my smartphone?

I don't think a used phone is necessary, although I'm not familiar with the refurb phone market (probably wouldn't trust the ones on Amazon, though). The lifespan of a phone model is so quick that there are huge discounts on new phones that are just a year old.
by FireProof
Tue Dec 04, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7565

Re: "The Steak Dinner Annuity Pitch"

I'd eat that steak to do my part to put these hucksters out of business.
by FireProof
Sat Dec 01, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Vacation for single parent and 2 teens: Belize or where?
Replies: 29
Views: 2310

Re: Vacation for single parent and 2 teens: Belize or where?

Seems like Portland has a lot of deals to Hawaii - then again, if $129/night is considered cheap there, it may beworth it to spend a bit more on the flights to go to Central American or Southeast Asia.

https://www.fly4free.com/flight-deals/portland/
by FireProof
Wed Nov 28, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Food budget based on government assistance or CPI
Replies: 16
Views: 1504

Re: Food budget based on government assistance or CPI

OK, those of you who are spending less than the thrifty plan amount INCLUDING restaurant meals - how are you managing it? Where I live you cant take a family of 4 out to any real sit down restaurant - even a chain - for less than $70-100 a pop. And that's with the kids still eating off the kids men...
by FireProof
Mon Nov 19, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial behind - but still have time to [catch up]
Replies: 20
Views: 2225

Re: Millennial behind - but still have time to ketchup

Yes, there's plenty of evidence that a worse start (even as simple as graduating from college into a worse economy) will lead to a PERMANENT life-long earnings gap for a cohort. On the other hand, the modern world is wealthy and tremendously wasteful , so there is a massive amount of slack to save a...
by FireProof
Thu Nov 15, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 9962

Re: Granddaughter needs $ help for university

I dunno why people think a music teacher is so poorly paid. They can charge $70-80/hour.
by FireProof
Sat Nov 10, 2018 3:51 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15040

Re: How much money are you leaving your kids after you die?

All these behavioral worries seems slightly worried/outdated - nowadays, at least, if you inherit it will likely be in your 50s or 60s. Hard to see that affecting someone's work ethic/career a whole lot.
by FireProof
Fri Nov 09, 2018 2:30 am
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11956

Re: If expenses are low, are some of us over saving?

Sure, most Bogleheads oversave, in the sense that they are epically overcautious. And, yes, 36k/year essentially tax-free with a house is well above the median lifestyle, and certainly very comfortable. But that doesn't mean saving nothing is an optimal solution - relatively small savings early in l...
by FireProof
Wed Nov 07, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: College graduation gift amount
Replies: 25
Views: 1816

Re: College graduation gift amount

I'm sure the mode and median is 0.
by FireProof
Wed Oct 31, 2018 6:02 am
Forum: Investing - Theory, News & General
Topic: Why is it important that there's convergence between the US and non-US economies?
Replies: 1
Views: 224

Re: Why is it important that there's convergence between the US and non-US economies?

I don't know that it's "important", but there's clearly a catch-up effect. Countries which are further behind get all the benefits of technology adoption (see the massive decades-long catch-ups of countries like Japan, which pretty much stopped in its tracks once it reached the vanguard itself), plu...
by FireProof
Tue Oct 30, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: If you just track NW on a spreadsheet....isn't that sufficient?
Replies: 18
Views: 2031

Re: If you just track NW on a spreadsheet....isn't that sufficient?

Sure. I don't track it at all, and it's also sufficient. How would it help me in my decision-making? If it declines, that's much more likely a result of a stock market decline than me living beyond my means.
by FireProof
Tue Oct 30, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9363

Re: Girlfriend's Student Loans

If she is a great wife, $100K investment on your part is an awesome deal. Let's be real here. There is near zero chance someone who is so irresponsible to take out 100K SL to become a public school teacher is going to make a great wife. As someone who's been around the block a few times, this is a ...
by FireProof
Sun Oct 21, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an apartment in China
Replies: 14
Views: 1627

Re: Buying an apartment in China

Purchase prices are insanely out of wack compared to rent in China, which would give me pause personally, although of course there's no reason to believe that will change completely, given that it's largely cultural. Still, to the extent that those prices are an expectation of infinite growth, there...
by FireProof
Fri Oct 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Buying a pre-owned Lexus IS-250
Replies: 29
Views: 1883

Re: Buying a pre-owned Lexus IS-250

why would someone buy a used car with 60k miles. Are you that desperate to drive a Lexus. This. I don't see why someone would pay $22k for this car unless they just really want an "L" badge on their car's grill. my wife drove a prius for 5 years and is now complaining . About what aspect of the Pri...
by FireProof
Thu Oct 11, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 4035

Re: Anyone here major in Economics in college?

Econ is a pretty practical and employable major, if that's what you are asking. In an abstract sense, more respectable than business, but that's mostly because business majors tend to go to much worse colleges - there are econ majors at Harvard and Stanford, but not business, and bottom-feeding scho...
by FireProof
Thu Oct 11, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5309

Re: Feeling Guilt among family/peers

If your peers made more than you, you'd likely feel inadequate - wealth is all relative, and all about perception. If you are wealthier than your peers, it's useless to protest that there are wealthier people. On the other hand, you should not feel guilt, and it wouldnt be amiss to take some small m...
by FireProof
Wed Oct 10, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: Very few junk phone calls in Spain?
Replies: 14
Views: 726

Re: Very few junk phone calls in Spain?

As I recall in many countries, at least for cell phones, the person making the call pays for the call. This makes making millions of junk calls uneconomical. I don't recall where I heard it but there was once a proposal to create some sort of "ring tax" that whenever a call was made the caller woul...
by FireProof
Tue Oct 09, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3856

Re: Income (US vs Europe)

Average wages tend to be 20-40% higher. WAGES Country PPP Nominal Switzerland 62,283 88,159 United States 60,558 60,558 Netherlands 52,877 52,705 Denmark 51,466 65,674 Norway 51,212 65,786 Austria 50,349 48,306 Belgium 49,675 49,419 Ireland 47,653 53,112 Germany 47,585 44,466 France 43,755 42,410 U....
by FireProof
Thu Oct 04, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5798

Re: Is an emergency fund just about market timing?

The only clear one seems to be so that you can avoid selling stocks at a "bad time," but of course judging a "bad time" is classic market timing. The "bad time" may have nothing to do with the market. Life can throw bad things at you any time. If the market is doing fine then there's zero problem s...
by FireProof
Tue Oct 02, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5798

Re: Is an emergency fund just about market timing?

This strikes me as yet another symptom of a bull market. An E fund is for the fact that life is full of uncertainty, including personal, local, and national/global black swans. Yes, all the increase in "I'm all in on equities, having cash is stupid" posts are making me wonder if these are Joseph Ke...
by FireProof
Tue Oct 02, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5798

Re: Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks a...
by FireProof
Tue Oct 02, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5798

Is an emergency fund just about market timing?

Given that equities are perfectly liquid nowadays and generally free to trade (or at the very least, functionally free), what is the rationale for keeping an emergency fund when you can just sell investments to meet any expenses? The only clear one seems to be so that you can avoid selling stocks at...
by FireProof
Tue Oct 02, 2018 9:22 am
Forum: Investing - Help with Personal Investments
Topic: New Dual Physican Couple
Replies: 39
Views: 3508

Re: New Dual Physican Couple

Why is OP's occupation relevant? I've noticed that physicians on this website tend to state their profession. It's interesting to me. To explain why we're in our early 30s with massive debt and insignificant retirement savings? Your post is titled "New Dual Physician Couple," and it doesn't mention...
by FireProof
Mon Oct 01, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Keep it simple at high income level?
Replies: 42
Views: 11051

Re: Keep it simple at high income level?

A few comments: 1. It is difficult to amass very high net worth from very high income that comes from W2s instead of capital gains. Run a planning spreadsheet, savings X real returns (post inflation), for the course of your natural working life. Be realistic. If you are saving 300k per year, diffic...
by FireProof
Sat Sep 29, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Experience With No Car? (Uber/Lyft)
Replies: 47
Views: 4560

Re: Experience With No Car? (Uber/Lyft)

In terms of cost, should be a no-brainer - cost to own and operate a car is much more than most people (and certainly Uber drivers) realize. Only concern might be the behavioral one that, because each Uber has a more significant marginal cost, you'll refrain from trips that would otherwise bring ple...
by FireProof
Sat Sep 29, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4688

Re: College Student Performance Issues

I almost never went to class in college, and didn't learn a whole lot, but got decent grades and got where I needed for my career. The truth is, nowadays, especially at top schools,the classes are a formality (except possibly in a few engineering majors) - all the value added comes from the credenti...
by FireProof
Fri Sep 28, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6966

Re: New Relationship - Best way to handle finances?

She seems to expect me to pay for everything and things are adding up quickly. Is it fair to split expenses at this stage in our relationship? Absolutely! Times have changed. My daughters are both in their early twenties. They tell me that on a first date they offer to split but oftentimes the male...
by FireProof
Thu Sep 27, 2018 7:23 am
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 77
Views: 8829

Re: Why do we expect TSM to keep growing?

TSM will always appreciate long-term as long as companies have POSITIVE earnings (whether through dividends, buybacks or increased book value). It's true that HIGH returns at these valuations also require earnings GROWTH - this is not guaranteed. In a world of growing markets and populations, this h...
by FireProof
Sat Sep 22, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling overseas .. credit cards? cash exchange?
Replies: 43
Views: 2875

Re: Traveling overseas .. credit cards? cash exchange?

Never exchange money except in countries with currency controls (Argentina used to be that way), where you have to exchange in the street at a black market rate. Either use a credit card, or use cash taken from an ATM.
by FireProof
Sat Sep 22, 2018 4:28 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 42
Views: 2315

Re: Does your Capital One 360 reimburse international ATM?

Outside of the United States and Thailand, ATMs generally don't charge fees. I have Schwab, but have rarely needed to get the rebates travelling across Europe, Asia, and South America. That is not correct. I’ve encountered ATM surcharges/terminal fees in Italy, Spain, Austria, and probably other Eu...
by FireProof
Fri Sep 21, 2018 4:32 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 42
Views: 2315

Re: Does your Capital One 360 reimburse international ATM?

Outside of the United States and Thailand, ATMs generally don't charge fees. I have Schwab, but have rarely needed to get the rebates travelling across Europe, Asia, and South America.
by FireProof
Thu Sep 20, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7651

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

OP, You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math. 20% to 30% is bigger than 4.75%. KlangFool 20 to 30% PLUS the rate of investment return PLUS tax-free compounding is bigger than 4.75%. Hell, it's not unrea...
by FireProof
Tue Sep 18, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 58
Views: 2572

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

okayplayer wrote:
Tue Sep 18, 2018 4:29 pm
Do you all recommend freezing your credit for your kids (age 5,3,1)? Any reason to/not to?
Do babies have credit reports?
by FireProof
Sun Sep 09, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8811

Re: Can Sneakers go with Business Casual?

Is a high five the proper greeting for the queen of England?
by FireProof
Sat Sep 01, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3275

Re: House Affordability - Question on standard advice

Depends on the other options. We were willing to spend 7x income, because the mortgage payments were still considerably cheaper than rent.
by FireProof
Tue Aug 28, 2018 3:23 am
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 79
Views: 13832

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

Question: Does the ETF selection make sense? You're paying somewhat higher fees than necessary. 0.25% for the stocks, 0.1% for the bond. For comparison, VTI has 0.04%, VXUS has 0.11%, and BND has 0.05%. You can get global equities pretty easily through a combination of US equities (VTI) and global ...
by FireProof
Mon Aug 27, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: IJS significantly beat DFSVX
Replies: 16
Views: 943

Re: IJS significantly beat DFSVX

If I understand Yahoo's charts correctly, IJS has beaten DFSVX significantly since around the year 2000. Since that date, it appears that DFSVX has increased 260.10 percent, while IJS has increased about 460 percent. DFSVX had a larger drawdown in 2008 than did IJS I think both DFSVX and IJS are sm...
by FireProof
Sun Aug 26, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Placing an ETF trade on the weekend
Replies: 17
Views: 1557

Re: Placing an ETF trade on the weekend

Simple answer: don't do it
by FireProof
Sun Aug 26, 2018 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a Generous Grandparent?
Replies: 53
Views: 4434

Re: Suggestions for a Generous Grandparent?

I really don't understand any theory that giving them equal money at the same time is not of equal value. Sure, some of them will use it sooner, but first, it will replace earlier spending, which is more valuable (for exactly the same reasons of NPV), and secondly, will likely cover the same proport...
by FireProof
Tue Aug 21, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement: how to get a lease without income
Replies: 10
Views: 1827

Re: Early Retirement: how to get a lease without income

Unless the rent is very high, I doubt that they´ll be too strict. I´ve managed to rent 6 places with no income. One exception is maybe if they´re subject to some kind of government regulation that requires a formulaic calculation with no discretion.
by FireProof
Mon Aug 20, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Median pay for 30 Bay Area companies
Replies: 7
Views: 1668

Re: Median pay for 30 Bay Area companies

Like livesoft would say, garbage in, garbage out. It lists the median pay of 30 "Bay Area" companies but doesn't list what the median pay is for their Bay Area based employees specifically. For example, the average pay for Intel is listed at $102k but that includes the wages of every manufacturing ...
by FireProof
Thu Aug 09, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 172
Views: 12304

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

Is the real expense ratio (loss relative to index) 0.2%, including borrowing costs, or are there additional hidden costs?
by FireProof
Mon Aug 06, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Those who retired and moved to another country, where did you go?
Replies: 12
Views: 3292

Re: Those who retired and moved to another country, where did you go?

Moving around - in 6 years of retirement, I've lived in Peru, Spain, Germany, Malaysia and Japan. Its been a blast, its made time slow down and kept experiences distinct, and I've learned Spanish to a native level, German to complete fluency, and Malay to a solid level (Japanese is tough!). Even Ger...
by FireProof
Sun Aug 05, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2735

Re: What prevents residential real estate buyers from colluding to bring down prices?

Seems like it would be much easier for sellers to collude. There are a limited number, and they are easier to identify. Ensuring collective action between an unknown and uncapped number of unidentified potential buyers, with the game-theoretic incentive to defect, seems tricky.
by FireProof
Sun Aug 05, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7551

Re: "Skin in the game"

I don't think there's any particular reason to believe that skin in the game makes students more serious (and certainly not that this factor exceeds the negative factor of the additional pressure and stress). I think the only value of skin in the game is to ensure that cost may play some factor in t...