Search found 471 matches

by Finridge
Fri Sep 21, 2018 3:33 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity-Very Negative Experience with Inheritance Services
Replies: 7
Views: 1919

Re: Fidelity-Very Negative Experience with Inheritance Services

So is it the fact that the assets must be split that caused the complication ? Better to leave different beneficiaries on different accounts to divvy up before death, and make things simpler for your heirs ? Not a good idea. Unless you have separate accounts that are absolutely identical in their c...
by Finridge
Wed Sep 19, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5068

Re: State Farm nickel-and-diming me

You're not stuck dealing with State Farm. Get one or two other estimates and go with the lowest one. Send a letter to the driver with copies of all the estimates and demand that he pay the full amount (or cause his insurance company to pay the full amount) of the lowest one, or you will sue in small...
by Finridge
Wed Sep 19, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13515

Re: What is your single most expensive mistake?

It's interesting to see what different people count as a "mistake". For me, personally, a mistake is something I shouldn't have done at the time with information that was available then, irrespective of the outcome. For example, if I sell a large position in a single stock to shift over to an index ...
by Finridge
Wed Sep 19, 2018 3:47 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13515

Re: What is your single most expensive mistake?

Not immediately investing all available funds into the market as such funds became available. I don't believe in market timing, or at least most of me doesn't, but when we withhold funds, hoping for a downturn, or piecemeal funds into the market over time, that's basically a form of market-timing wh...
by Finridge
Mon Sep 17, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: are iPad Minis obsolete?
Replies: 28
Views: 2927

Re: are iPad Minis obsolete?

If you go outside of Apple, you will find no shortage of iPad Mini-sized tablets. The build quality of some of them is excellent. You will get more while paying less. You will not have to suffer the angst of wondering if and when a new model is being released and waiting two years, or sometimes fore...
by Finridge
Sat Sep 15, 2018 1:07 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995320

Re: What Book Are You Currently Reading? Part VI

12 Rules for Life by Jordan B. Peterson. It has been fantastic thus far. Haven't read this book but 12 seems like a lot. Very funny. Could probably do all of us without interest In actually reading the book to list the 12 rules. Probably too many for me to remember. You can find lists of the rules ...
by Finridge
Fri Sep 14, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995320

Re: What Book Are You Currently Reading? Part VI

12 Rules for Life by Jordan B. Peterson. It has been fantastic thus far. Haven't read this book but 12 seems like a lot. Very funny. Could probably do all of us without interest In actually reading the book to list the 12 rules. Probably too many for me to remember. You can find lists of the rules ...
by Finridge
Fri Sep 14, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 168
Views: 8520

Re: How real is cyber risk?

I think the header says it. I have heard that the biggest security weakness right now is phone-based, since it is fairly easy to get a sim card and lock someone out of their phone account. So I am a little concerned about the phone security stuff. We have accounts at Merrill, Vanguard, Fidelity, Na...
by Finridge
Fri Sep 14, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2835

Re: Do you use social media to enhance your travel experience?

Workarounds are fun. Workarounds are problem solving. Getting in trouble makes good stories. And no, I decidedly do not want to make it easier. When the absence of a smart phone makes things harder, it creates new challenges -- and I feel happy when I concur challenges. It's too late for me to beco...
by Finridge
Fri Sep 14, 2018 3:20 am
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3783

Re: Is home alarm monitoring worth it?

Remember the story of the two hiking buddies that encounter an aggressive bear. One of them takes of his backpack and starts exchanging his hiking boots for running shoes. His friend says, "What are you doing! You can't outrun a bear!" The response: "I don't have to! I only have to outrun YOU!" So i...
by Finridge
Fri Sep 14, 2018 3:14 am
Forum: Investing - Theory, News & General
Topic: Slight fear of investing in general now
Replies: 20
Views: 2122

Re: Slight fear of investing in general now

This is completely normal. As you get older and your portfolio grows (i.e. you have more to lose) while your future earning power diminishes (i.e. you have less time to make up any losses with earnings from your work)--it is expected that you will get more risk adverse. You should probably re-examin...
by Finridge
Fri Sep 14, 2018 2:47 am
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2835

Re: Do you use social media to enhance your travel experience?

I don't consider it old-school. I consider it experience . I suppose the way you travel might be different than mine - but you might also start to find the world changing around you to make it more and more difficult to travel without a smart-phone. Many changes have already started to occur as fol...
by Finridge
Wed Sep 12, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2835

Re: Do you use social media to enhance your travel experience?

bdaniel58 wrote:
Wed Sep 12, 2018 12:20 pm

We found a camera in Death Valley in 2011. It took me two years but I finally found the owner by using social media. You can read about it here.
Awesome story. Well worth the time reading it.

Be sure to read all the way down to the bottom...
by Finridge
Wed Sep 12, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Do you use social media to enhance your travel experience?
Replies: 66
Views: 2835

Re: Do you use social media to enhance your travel experience?

I took 8 months off my work and intended to experience retirement life. As I said before, (long-term) travel seems to be the only thing that I could not do conveniently with my job. In the past 8 months, I travelled to 11 countries, several times to a few countries. Although I enjoyed my travel exp...
by Finridge
Wed Sep 12, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2595

Re: Utility usage way up

Hmm, our last house we had a gas water heater and never had it serviced in 6 yrs but that was on city water. We are now on well water with llamas hardness but havent had the electric water heater serviced yet. Look into flushing it. https://www.familyhandyman.com/plumbing/water-heater/how-to-flush-...
by Finridge
Wed Sep 12, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4141

Re: Subaru Forester - ready to buy

Also, the last time I bought a car, I checked the car buying services, and also negotiated. At least at that time, and in my location, the car buying services were competitive with the best prices I was able to negotiate. And for the model I ended up choosing, the car buying service price was margin...
by Finridge
Wed Sep 12, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4141

Re: Subaru Forester - ready to buy

My 2003 Honda Pilot with 270,000 miles is steadily leaking oil and signalling its transmission is going again. While I have a distance auto club towing benefit, I want the vehicle replaced this year, or better yet, this month. Our pattern has been to buy year old leased or dealer vehicles and hold ...
by Finridge
Wed Sep 12, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Utility usage way up
Replies: 45
Views: 2595

Re: Utility usage way up

Everything at our new house built in 2016 is electric. We moved in last June of 2017. August energy use was 1,000 kWh or 34/daily This August we were at 1,500 kWh or 46/daily Only changes I can think of are the following: Avg temps in 2017 for the month were 77* and this year 80* Thermostat during ...
by Finridge
Wed Sep 12, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Anyone into Essential Oils?
Replies: 40
Views: 2487

Re: Anyone into Essential Oils?

So my wife is bugging me about essential oils because she is congested all the time with allergies and because of some stupid facebook page or group she got fascinated with this essential oils idea. basically these oils are pure and organic and you place one drop into a diffuser in your car or hous...
by Finridge
Mon Sep 10, 2018 2:20 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8077

Re: Can Sneakers go with Business Casual?

Short answer. If you have to ask, then the answer (within the context of your workplace) is probably "No."
by Finridge
Sun Sep 09, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6688

Re: I think my father has a gambling problem

Some say that since you already mentioned it you should let it go, or because it's his money it's none of your business, and you should let it go. That is their opinion. It is not one that I share. I want my parents, siblings, children to look our for me and I think I should look out for them. This ...
by Finridge
Sun Sep 09, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Backing out of a contingent job offer
Replies: 8
Views: 1506

Re: Backing out of a contingent job offer

Is it unethical to backout of a contingent job offer? I signed the offer sheet but this offer is conditional upon customer and prime approval after an interview with them which I have not had one yet. I now have another offer that I feel is a better opportunity with more money and vacation days. Th...
by Finridge
Sun Sep 09, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Successful techniques to helping parents be less risky?
Replies: 15
Views: 1191

Re: Successful techniques to helping parents be less risky?

-I'm thinking of sending him "The Bogleheads' Guide to the Three-Fund Portfolio" and "The Bogleheads' Guide to Investing" I'm not sure he'll read them, but I can afford to lose $40. Mix it up... provide at least one book that doesn't have "Bogleheads" in the title. Otherwise to outsiders it may loo...
by Finridge
Sun Sep 09, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 7993

Re: My daughter's inheritance.

Hello friends, I am in need of sound financial guidance. My soon-to-be 20-year old daughter will be inheriting $1.25M in a few months from her late father's buy-sell agreement with his business partner. We recently created a trust for her, and I am co-trustee at this time. (Fyi, I was no longer mar...
by Finridge
Sun Sep 09, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4508

Re: $250,000 family loan to parents?

Hi everyone, I was hoping I could get some advice on lending money to my parents. My 85 year old parents have these assets: - $500,000 home equity (paid off) - $500,000 stocks They need $250,000 in the next couple of months to move into a retirement home. Rather than rush to sell their house, which...
by Finridge
Sat Sep 08, 2018 2:59 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 87
Views: 8829

Re: Ancestry / 23andMe

OP: If you are just interested in your ancestry, and not concerned about making connections with relatives, you might want to try the National Geographic Geno project. https://genographic.nationalgeographic.com/about/ I have never heard of this, how does it compare to the others? Would I want to ge...
by Finridge
Fri Sep 07, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Effectiveness of McAfee Anti-Virus Protection
Replies: 10
Views: 821

Re: Effectiveness of McAfee Anti-Virus Protection

Someone whose opinion on this subject we might want to pay attention to on this subject, is John McAfee. John McAfee invented McAfee Anti-Virus and turned it into globally recognized brand. He sold his stake in it, and is no longer involved. After he left, the product went downhill. It seems that th...
by Finridge
Fri Sep 07, 2018 7:52 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 14901

Re: The Fall of Consumer Reports

Indeed. I knew something had changed when I was talking to a language companion in Spain, who mentioned that she never read newspapers or watched TV news. I asked her how she gets her news and she said "Facebook." Until facebook did away with its news runner in its top right corner. Now it's pretty...
by Finridge
Fri Sep 07, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: taking home equity for credit card debt?
Replies: 19
Views: 1224

Re: taking home equity for credit card debt?

I have $20,000 in credit card debt on two cards. My circumstances have changed drastically since 1 yr ago when I had zero cc debt and was 5 years away from retirement. Not sure the details are relevant but I can provide. My question is how to pay this cc debt off. I own two homes in another state (...
by Finridge
Wed Sep 05, 2018 9:03 pm
Forum: Investing - Theory, News & General
Topic: Stocks in a 401k is a bad idea, right?
Replies: 43
Views: 5533

Re: Stocks in a 401k is a bad idea, right?

Because, all else equal, in the 401k I'm paying income tax rates on my gains (when I withdraw) vs capital gains and QDI tax rates if held in a taxable account. Seems like 401k holdings should be 100% bonds/alternatives as a rule due to this equities disadvantage. What am I missing? What you are mis...
by Finridge
Mon Sep 03, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 5723

Re: Selling a car to CarMax

Has anyone had any experience selling a car to CarMax? Can you negotiate the price they quote you? I thought there was a no haggle policy and I am trying to see if anyone has been able to improve the initial quote through negotiation. I have an extremely clean high mileage ten year old Lexus with a...
by Finridge
Mon Sep 03, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2127

Re: Advice for an 87-year-old?

I'm just a child of 85. What do I know? If my sons offered to advise me on what to do with my money, I would just say thanks, but no thanks, I am just fine the way things are. After all, I have given them an occasional tip, like those 3.0 to 3.6% I bonds in the early 2000s and they ignored me compl...
by Finridge
Mon Sep 03, 2018 2:58 am
Forum: Personal Consumer Issues
Topic: Gentlemen: underwear shopping question
Replies: 35
Views: 3937

Re: Gentlemen: underwear shopping question

I recommend these.

https://www.amazon.com/gp/product/B077V2VLWX/

$14.99 for a 5 pack.
No cotton
60% Rayon, 40% Polyester

Got them by mistake. But it's a mistake I"m glad I made. Not ever going to buy cotton undies again.
by Finridge
Mon Sep 03, 2018 2:47 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3099

Re: Piano for a child

I'm considering a new Casio px160 for about $500. Or a used Casio px800. It's $400 but 6 years old. If I can get a used px160 for $250 I might consider that. No ready to spend $850 plus 10% tax just yet. The PX800 with stand/pedals would be fine. See if you can haggle the price down a little becaus...
by Finridge
Mon Sep 03, 2018 2:47 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3099

Re: Piano for a child

I'm considering a new Casio px160 for about $500. Or a used Casio px800. It's $400 but 6 years old. If I can get a used px160 for $250 I might consider that. No ready to spend $850 plus 10% tax just yet. The PX800 with stand/pedals would be fine. See if you can haggle the price down a little becaus...
by Finridge
Sat Sep 01, 2018 12:45 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3099

Re: Piano for a child

Another vote for a digital keyboard with weighted keys.
by Finridge
Fri Aug 31, 2018 2:44 am
Forum: Investing - Help with Personal Investments
Topic: where to invest new money in this market
Replies: 15
Views: 2894

Re: where to invest new money in this market

Lump sum into BRKA/B. No dividend so pay no tax until you sell. Assuming you can live on your SS and pension. If not, buying dividend fund or stock such as T, XOM, PFE, MSFT. APPL, WMT and live on dividend. That is interesting advise. But don't do this. On youtube there is a video of someone asking...
by Finridge
Thu Aug 30, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3219

Re: 1st time dad, OK to use willmaker software?

Hello all, First time dad here! Really tired. Child is 3 weeks old, what is the best way to create a will for the following assets? Thanks in advance. --------------------------------------------------------------------------------------------------- Non retirement accounts: $30K in savings. $34K i...
by Finridge
Wed Aug 29, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Your Best Mood Boosting Books (not self-help)
Replies: 29
Views: 2345

Re: Your Best Mood Boosting Books (not self-help)

Almost any of Dr. Seuss' books. This is not a joke.
by Finridge
Tue Aug 28, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11844

Re: How do you 7 figure guys organize multiple accounts?

I pre-plan ahead of time and include multiple safeguards to detect the break-in when it happened. And, when they had stolen my login, they cannot get the money out easily. I KlangFool Please do share! What safeguards would you recommend we put in place. Finridge, Some simple example: 1) No debit ca...
by Finridge
Tue Aug 28, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Relative Never Took RMDs on Inherited IRA From 2004
Replies: 31
Views: 4622

Re: Relative Never Took RMDs on Inherited IRA From 2004

A relative never took RMDs on a tIRA she inherited in 2004, so she has 13 years of missed RMDs. The custodian of the IRA, Fidelity, just noticed and notified her that this is a problem. She's (obviously) not great with money, so I'll be trying to help her fix this. The IRA currently has ~$25K in as...
by Finridge
Tue Aug 28, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11844

Re: How do you 7 figure guys organize multiple accounts?

KlangFool wrote:
Tue Aug 28, 2018 11:43 am
I pre-plan ahead of time and include multiple safeguards to detect the break-in when it happened. And, when they had stolen my login, they cannot get the money out easily. I

KlangFool
Please do share! What safeguards would you recommend we put in place.
by Finridge
Tue Aug 28, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5465

Re: Planning for an Indian wedding In NY/ NH area.

By a South Asian, Ramit Sethi, (although not specific to South Asian weddings): https://www.iwillteachyoutoberich.com/blog/the-28000-question-why-are-we-all-hypocrites-about-weddings/ In his book he talked about how weddings are the one item that we think everyone else should spend less on, but ofte...
by Finridge
Tue Aug 28, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: washing out current vanguard funds
Replies: 16
Views: 1060

Re: washing out current vanguard funds

What are your gains/losses in taxable? Note those and determine tax consequences for selling. You can do exchanges in Traditional IRA and Roth IRA without tax consequence. No reason to sit out of the market for 31 days. Turn off dividend reinvestment in your taxable account. Determine gains/losses....
by Finridge
Tue Aug 28, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!
Replies: 20
Views: 2146

Re: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!

I have pulled the trigger on this and funded the Fidelity UTMA's. Sorry, Vanguard. I always envisioned setting up my kids with Vanguard as their first (and maybe only) investment firm. But having to either meet the minimum account balance to open a mutual account, or alternatively, having to buy who...
by Finridge
Tue Aug 28, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11844

Re: How do you 7 figure guys organize multiple accounts?

i use mint but only for CC purchases. i use excel otherwise. so in answer: no i dont take that risk. but mainly because it doesnt serve a purpose for me. Yes, I would not use Mint to track investment accounts, whether they have 7 figures in them or less. If you feel lucky you can use it track your ...
by Finridge
Tue Aug 28, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Installing a new toilet - shut off valve and wax ring
Replies: 33
Views: 2227

Re: Installing a new toilet - shut off valve and wax ring

I'd do the job right and replace both the valves and the supply lines. Especially the supply lines.

It's not a hard job. You can do it. Watch a few youtube videos.
by Finridge
Tue Aug 28, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!
Replies: 20
Views: 2146

Re: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!

I'm thinking of doing this for my 2 kids. I'd like to open 2 separate UTMA accounts at Fidelity. Both my wife and I have taxable and retirement accts at Fidelity. Does it make any difference who should be the custodian on the accounts? I was just going to make my wife the custodian for both account...
by Finridge
Tue Aug 28, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!
Replies: 20
Views: 2146

Re: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!

I was mildly disappointed that I couldn't have the box, and disappointed that it was boring magic that only worked on money. Reminds me of this little gem: https://www.youtube.com/watch?v=dgct3Jn8pFA Kudos to the OP for what sounds like a job well done! I first came across the idea in Andrew Tobias...
by Finridge
Tue Aug 28, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!
Replies: 20
Views: 2146

Re: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!

I just remembered something else. I was about eight. My grandfather told me that he had a "magic box." It was a little porcelain box with some kind of Chinese imagery on it, something like this: [... image did not post] He told me that if you put money in it and waited, it would grow. He put a smal...