Search found 567 matches

by FireProof
Fri Oct 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Buying a pre-owned Lexus IS-250
Replies: 29
Views: 1711

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: 3742

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: 5107

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: 669

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: 3637

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: 5497

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: 5497

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: 5497

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: 5497

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: 3398

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: 10833

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: 4425

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: 4490

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: 6670

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: 8672

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: 2779

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: 30
Views: 1323

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: 30
Views: 1323

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: 7415

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: 2382

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: 8497

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: 3215

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: 80
Views: 13698

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: 888

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: 1502

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: 4380

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: 9
Views: 1446

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: 1646

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: 141
Views: 9249

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: 3233

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: 2682

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: 7353

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...
by FireProof
Sun Aug 05, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Are Tencent, Alibaba, etc in international funds?
Replies: 9
Views: 869

Re: Are Tencent, Alibaba, etc in international funds?

China is an emerging market. Chinese companies appear in Emerging Market funds or ex-US funds, but not developed market funds like SWISX. Confusion might arise from somewhat ambiguous terminology, but it seems like the term "International" means large-cap developed markets, unless further specified ...
by FireProof
Sat Aug 04, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1665

Re: Traveling to Cuba - currency exchange

Thinking about CUP (the local currency) again. I've spend 90 days in Cuba in the last few years. In all of that time, I have not spent one night in a hotel... only in airbnb rooms-in-homes well outside of the tourist districts. I've spent maybe a day or two in old town Havana, the biggest tourist d...
by FireProof
Sat Aug 04, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Touring Singapore in October
Replies: 9
Views: 677

Re: Touring Singapore in October

Take a cheap flight to Penang, and you can see what Singapore was like 20 year ago, with intact historical buildings, plus the food is better.
by FireProof
Fri Aug 03, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9959

Re: Realities of Early Retirement Model (FIRE)?

People seem to discount the mental and social advantages of living on $30k, but knowing that if your car needs tires, you can get to some of that $30k today, rather than having to wait or pay high interest for those tires. Or even just living on $30k with good credit, which can make a number of thi...
by FireProof
Fri Aug 03, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4904

Re: Which diet soda pop do you enjoy?

My nutritionist recommended I cut down on my consumption of diet sodas, so now I only drink kale, chia and acai smoothies. Free-range kale, of course.
by FireProof
Tue Jul 31, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9959

Re: Realities of Early Retirement Model (FIRE)?

I think FIRE is a misnomer. It's not that most of these 30 somethings really are financially independent, nor have they retired. Maybe a new term needs to be defined. Let's stick with Pete's story (Mr. Money Mustache). He "retired" and his wife worked while he pretended to be a contractor. He made ...
by FireProof
Tue Jul 31, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 6036

Re: Financial upside / downside of marriage vs cohabiting

First marriages between college educated people only have like a 15% divorce rate. relying on average divorce rates is like relying on average savings rates.
by FireProof
Tue Jul 31, 2018 5:12 am
Forum: Personal Consumer Issues
Topic: Travel to Poland, Estonia, Lithuania: is it worth it?
Replies: 37
Views: 3660

Re: Travel to Poland, Estonia, Lithuania: is it worth it?

Have any of you traveled to Poland, Estonia, and Lithuania? If so would you recommend it? I can think of 10 countries in Europe more interesting. If you've already been to UK, France, Spain, Italy, Netherlands, Switzerland, Austria, Czech Rep check out those. Matter of opinion - certainly I found P...
by FireProof
Tue Jul 31, 2018 4:51 am
Forum: Personal Consumer Issues
Topic: Travel to Poland, Estonia, Lithuania: is it worth it?
Replies: 37
Views: 3660

Re: Travel to Poland, Estonia, Lithuania: is it worth it?

Have any of you traveled to Poland, Estonia, and Lithuania? If so would you recommend it? I can think of 10 countries in Europe more interesting. If you've already been to UK, France, Spain, Italy, Netherlands, Switzerland, Austria, Czech Rep check out those. Matter of opinion - certainly I found P...
by FireProof
Mon Jul 30, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1329

Re: Dual language vs Traditional Public School

In Luxembourg, students speak Luxembourgish at home, learn math and science etc. in French until 6th grade, then in German afterwards, and they certainly learn the subjects a lot better than Americans. So it isn't impossible to learn things in a different language. But it depends a lot on the specif...
by FireProof
Mon Jul 30, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5565

Re: ACT test - got 34, try for 36?

I don't think there's any reason to believe that there are diminishing returns. 34 is not even the 75th percentile at competitive schools like University of Chicago, so it makes a direct difference for their stats/rankings. If anything, there's an almost unlimited supply of people with 34s, so the o...
by FireProof
Mon Jul 30, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9959

Re: Realities of Early Retirement Model (FIRE)?

I have read a few articles about the FIRE (Financial Independent & EArly Retirement) which folks in their early 30s, etc quit their job and live off of their savings and passive income. My instincts tell me there are some underlying things that are not addressed with this model. Does anyone has dir...
by FireProof
Sun Jul 29, 2018 4:27 am
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 81
Views: 7096

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

Note that when I rent out on AirBNB, the cleaning fee is purely used as a way to incentivize longer stays. If I didn't use a cleaning fee, I could just include it in the total price, and it would work out essentially the same, but using a per-visit rather than per per-night fee includes ALL the addi...
by FireProof
Fri Jul 27, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10055

Re: Toughest Purchase of my Life. Engagement Ring time

What's the point of insuring a ring? Insurance, of necessity, is a losing proposition, but allow you to meet sudden high expenses. Replacing an $8000 ring doesn't seem to meet that definition. One, it's not a tremendously high cost, or at least it shouldn't be for a Boglehead who's presumably not li...
by FireProof
Thu Jul 26, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1665

Re: Traveling to Cuba - currency exchange

You can exchange dollars, but there will be a 10% penalty. It's better to have Euros, Canadian dollars, or Mexican pesos, so it will likely work out better to bring those currencies in assuming you can get a reasonable exchange rate for those. If you have a stopover in Mexico or something, obviously...
by FireProof
Thu Jul 26, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: How to Learn Italian (a little) Before Trip to Italy
Replies: 34
Views: 2177

Re: How to Learn Italian (a little) Before Trip to Italy

For just some basic travel phrases and good pronunciation, Pimsleur's not bad, though for Italian it's very slow for anyone who's ever learned a language before - especially if you've already studied a Romance language, you can skip through a lot of the repetition drilling, do every other lesson, et...
by FireProof
Tue Jul 24, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for credit card
Replies: 35
Views: 2896

Re: Turned down for credit card

Yeah, same thing happened to me. In college, they give out cards to anyone, but the day you graduate, it becomes tough if you don't have any credit history. As mentioned, to overcome the Catch-22, you can just get Discover with a co-signer.