Search found 222 matches

by BigOil
Mon Jul 23, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 72
Views: 4978

Re: Buy house for retired mother?

What several elder law attorneys have told me is that having the ability to private pay for at least a year or two is what makes the difference between getting into a nice facility or not. Even if the family switches to Medicaid at some point -- once you are in, you can't be kicked out. This was ou...
by BigOil
Thu May 31, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: Need some advice in regards to A/C System
Replies: 29
Views: 1718

Re: Need some advice in regards to A/C System

You are being oversold. The brand of the air-conditioner is pretty much irrelevant. OEMs use the same/similar components. I'm talking about traditional Texas air-conditioners LOL --- not minisplits etc. It's all about the contractor, and not oversize the AC, with good ducts & airflow . In most place...
by BigOil
Wed Mar 14, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford house in VHCOL area?
Replies: 17
Views: 2285

Re: Can I afford house in VHCOL area?

Yes. Yes. Yes. We lived all over the country but I think it's very hard for people who haven't lived in a VERY high cost-of-living area to understand why people pay what they do. And the associated compromises and risks one takes. People do "crazy things" to live and commute in these places. VHCOL a...
by BigOil
Sun Oct 01, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Any advice on moving my company 401k?
Replies: 17
Views: 1877

Re: Any advice on moving my company 401k?

Apparently it's not all about (lowest)costs. My 401k is moving from Vanguard to Fidelity. It's a HUGE plan in a Fortune 20 company. But there is a key distinction between fund costs and plan costs --- to me a best practice is to look at those fees separately AND carry them through to to participants...
by BigOil
Thu Aug 17, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Model Home Purchase/Leaseback
Replies: 18
Views: 2968

Re: Model Home Purchase/Leaseback

Advice: 1) You should really like the house and decorating, and the still-present "extra costs" and/or accelerated spending of buying "new" (yard & hardscape finishing, paint changes etc.) A market-priced, tasteful but not perfect, under 20 yo house is typically a better deal--you do the updates to ...
by BigOil
Wed Aug 16, 2017 4:34 am
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 8381

Re: please help...am I overextended - first home

You admit you have not managed your finance well. You have not proven you can do this. You have significant debt. The house WILL have i$$ues. NO ONE has your back on this and they all want you to have a house. Most people are ignorant or lazy or irresponsible with money (it's a spectrum). That is a...
by BigOil
Thu Aug 03, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why Do Stocks Keep Hitting Records? msn/WSJ
Replies: 25
Views: 4558

Why Do Stocks Keep Hitting Records? msn/WSJ

Topic has been sort of discussed relative to versions of "will index funds warp the market with inefficiency concern"... Why Do Stocks Keep Hitting Records? Here Are 5 Theories (WSJ) <edited, highlights are mine> ... " One hallmark of this year’s stock-market rally is the relentless flow of money in...
by BigOil
Mon Jul 31, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 70
Views: 90454

Re: Opticians: is there any difference in quality of Costco glasses?

"Zenni must just assume something" THEY DO Spouse's progressive not quite correct. Zenni will not adjust that dimension...I asked. The issue was with the particular frames/lenses and how they fit. Exchange for a different pair they were okay. It's a risk taken for Chinese value product. We like Cost...
by BigOil
Sat Jun 17, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 26542

Re: Siblings in disagreement over mom's house.

This is a kinda funny(not hahah) thread. I think that's because a lot us can relate!!! I can. On and on we go... I think we all want to make it better & unify the family BUT, after reasonable conversations have happened (or tried) Some situations you cannot be fixed without "hurting feelings". Espec...
by BigOil
Sat Jun 17, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Trust vs Mutual Fund
Replies: 7
Views: 1260

Re: Vanguard Target Retirement Trust vs Mutual Fund

Just track VFIFX (0.16% ER) it's "close enough" and know you are making more than that. In my (former) employer's 401(k) which has really good costs. "Target Retirement 2055 Trust Plus" has an ER of 0.06% (a 62% !!! cost savings) You may pay a flat fee in such plans (I do) it is $26 per year. $26 ad...
by BigOil
Thu Mar 02, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 86
Views: 9546

Re: Vanguard: THE WORST BROKERAGE. Stay away

I held accounts at Fidelity and Vanguard for many years. Last year in a simplification effort I consolidated all into Vanguard. My experience over the years is that Fidelity clearly provides better service and has a better website. However, Vanguard is "good enough" to use Bill Gates saying. I have...
by BigOil
Tue Oct 18, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Does it financially make sense to pursue an additional degree?
Replies: 10
Views: 1464

Re: Does it financially make sense to pursue an additional degree?

"That said, pursue it for the love of the field, not for a financial return." THIS I worked with a ton of PhD's, that *could* make a bit more money all the technical career ladder than "non-management" B.E./M.E. Degreed Engineer's. Many did not. Most were happy to not be in the quagmire of trying t...
by BigOil
Tue Oct 18, 2016 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Chevron Texaco Retiree Medical Benefits
Replies: 10
Views: 1945

Re: Chevron Texaco Retiree Medical Benefits

Pre-65 here but I've definitely noticed the change. The old system post-65 was simple they provide "Medigap-type" for everybody eligible, or maybe an HMO/PPO depending on your location. I think. Now they will use a different mechanism to provide funding ---which may be less $ if you're "early Retire...
by BigOil
Wed Oct 12, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in CVX for the sake of dividends
Replies: 25
Views: 2537

Re: Investing in CVX for the sake of dividends

Hint--- Check my User name. :happy I consider myself a (former) "insider" in this industry. Chevron is an outstanding company that is/has been run incredibly well. It is overwhelmingly a meritocracy internally. Unlike historically, say BP and Shell were --- they had convoluted structure, Eurocentric...
by BigOil
Mon Oct 03, 2016 9:52 am
Forum: Personal Consumer Issues
Topic: Where/how do Bogleheads get their tires inflated?
Replies: 97
Views: 8648

Re: Where/how do Bogleheads get their tires inflated?

THIS If you don't need portability then just get a contractor type pancake air compressor. You can find models as low as under $50, they are loud but will get the job done far better than any portable in the same price range. EDIT Whichever you buy, spend a few bucks on a decent tire gauge and dont ...
by BigOil
Mon Oct 03, 2016 9:39 am
Forum: Personal Consumer Issues
Topic: Think about a whole house generator. Generac 22k
Replies: 31
Views: 4138

Re: Think about a whole house generator. Generac 22k

Generac are okay I've (had) installed two NG whole house units. A relay cuts the AC compressor to avoid stalls. Nifty. IMHO Non-whole house is fine if it makes sense to save $. Live in the Great Lakes region... And I have oil and battery heater; no I'm not entirely sure they are necessary. The Insta...
by BigOil
Fri Jun 03, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: New HVAC Unit - Low, Medium or high end
Replies: 15
Views: 3396

Re: New HVAC Unit - Low, Medium or high end

Big house will not do well with Japanese-style split units. We have 3.9K SF 2-floors with "untaxed basement" SF common in NYS. Winters are long and cold where we live. I am extremely happy with the products & local service. I cannot even tell when the system is running. We have it in a mode where th...
by BigOil
Fri Jun 03, 2016 8:11 am
Forum: Personal Consumer Issues
Topic: Your Thoughts on Car Buying Services
Replies: 28
Views: 4073

Re: Your Thoughts on Car Buying Services

Buy services are good if you do not like to negotiate. If you have access to supplier / employee pricing that will beat almost any negotiated deal. That's the simple version. Due primarily to politically-generated State franchise laws IMHO- car Dealerships are all over the map in their negotiating t...
by BigOil
Fri Jun 03, 2016 7:40 am
Forum: Personal Finance (Not Investing)
Topic: My former attorney has become an Edward Jones rep
Replies: 54
Views: 7172

Re: My former attorney has become an Edward Jones rep

Good job. The original poster is well invested in Vanguard Target Date Funds and he has no need of a financial advisor. Edward Jones has been known for a couple of things: <edit> One problem with going to such advisors is the temptation for the advisor to churn the clients accounts. My suspicion is...
by BigOil
Thu Jun 02, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 100475

Re: High Earners - What's Your Profession?

Ummmm "BigOil"
by BigOil
Thu Jun 02, 2016 3:14 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the past - digging though old work records
Replies: 27
Views: 4812

Re: Lessons from the past - digging though old work records

RIck- Around this same time I ran into an old High School acquaintance on a flight to see my Mom & Dad. He was going to Smith Barney training. He became hugely successful "Financial Advisor" & "VP" --- the term itself is of utter bull crap. :annoyed He literally sold Buicks before; he flunked outta ...
by BigOil
Thu Mar 24, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 15245

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

timboktoo wrote:...have more respect for him ... and if he carried his great understanding of the human psyche to investing as well, instead of leaving it behind at the emergency fund step.

- Tim
+++111 nice insight
by BigOil
Thu Mar 24, 2016 8:02 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story
Replies: 55
Views: 15245

Re: Dave Ramsey's Investing Advice or: A Chris Hogan: America's Voice on Retirement Story

Resurrecting this thread. re: Chris Hogan a "Dave product" I generally agree w/above Bogleites, & I often enjoy hearing podcast too. But Dave strikes me is a very self-confident controlling entrepreneurial guy. Clearly he does a lot more good than bad, but like a lot of successful people they often ...
by BigOil
Fri Jan 15, 2016 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Why is there no vanguard competitor?
Replies: 48
Views: 8160

Re: Why is there no vanguard competitor?

My Company 401k has index expenses as stated above. It uses Vanguard funds. :D How? I know Vanguard's domestic stock fund is 0.04% (or 0.02?) for the lowest cost class, but I thought that's the only one so low, and their international funds are more expensive. They have sorta off-menu funds for lar...
by BigOil
Fri Jan 15, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Please help me decide if buying my first house is smart financially?
Replies: 29
Views: 3387

Re: Please help me decide if buying my first house is smart financially?

There are some pretty thoughtful posts here. And some that are, in my opinion, pretty silly to most folks. Although over-buying is foolish - on that I agree 1000%. But it's the Internet and this board in particular, since it is so well moderated, gives you a *wide* range of valid feedback. I think t...
by BigOil
Wed Jan 13, 2016 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why is there no vanguard competitor?
Replies: 48
Views: 8160

Re: Why is there no vanguard competitor?

There are alternatives to Vanguard that are cheaper and probably better. However, they aren't as openly accessible to everyone. The Exxon plan is really interesting because the total assets under management is less than 1% of Vanguard and about 5% of the TSP. Yet all their domestic stock and bond f...
by BigOil
Sat Jan 02, 2016 10:39 pm
Forum: Personal Consumer Issues
Topic: Sororities: The cost of Greek Life?
Replies: 46
Views: 8051

Re: Sororities: The cost of Greek Life?

There's a lot of noise in thread. As for cost it's pretty simple. There are significant costs (several g's typically) :moneybag :moneybag :moneybag when pledging as a freshman, and they are sorta duplicative as you are not in the house yet. Incrementally, after that, it's not too bad as off-campus h...
by BigOil
Tue Dec 15, 2015 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Older couple being swindled w/ Genworth Variable Annuity
Replies: 70
Views: 14181

Re: Older couple being swindled w/ Genworth Variable Annuity

If you don't mind sharing, roughly how much did this inappropriate investment cost this couple ??? ~~Total amount put-in, less total amount taken out over the period of time they owned it? It sounds silly, but I read these threads and get just a little bit emotional -- we've had Family get some real...
by BigOil
Sun Dec 06, 2015 7:23 pm
Forum: Investing - Theory, News & General
Topic: Childrens' Student Loans Delaying Retirement
Replies: 153
Views: 14957

Re: Childrens' Student Loans Delaying Retirement

there is a fairly large portion of outstanding student loan debt that’s caused by irrational parental behavior. I don’t blame the kids or “worthless degrees”; kids are not mature enough at that point, and college is not vocational school. But if you have to borrow money, there has to be risk-reward...
by BigOil
Sun Dec 06, 2015 7:09 pm
Forum: Investing - Theory, News & General
Topic: Childrens' Student Loans Delaying Retirement
Replies: 153
Views: 14957

Re: Childrens' Student Loans Delaying Retirement

MnD wrote:I see this all the time. Parents make decent money but every paycheck is spent on fancy home with big mortgage, car payments, vacations, expensive toys etc. ...
Sound like many of our neighbors and a few friends over the years (as best we can tell...) :| :| :| :oops: :oops: :oops:
by BigOil
Sun Dec 06, 2015 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: A Twist on Non-Qualified Deferred Compensation Plan
Replies: 5
Views: 891

Re: A Twist on Non-Qualified Deferred Compensation Plan

While I don't *think* there is a history of these DC things not paying out historically (anyone? did GM not pay? others?...not that it matters)...in a BK or Sale ...keeping Mgt. OK is a usually priority for tactical reasons I suppose... Contracts to stay and not killing def comp happen, often... BUT...
by BigOil
Wed Dec 02, 2015 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents see the light with Ameriprise
Replies: 75
Views: 11714

Re: Helping my parents see the light with Ameriprise

Sounds like you're your way to at least help your parents understand what they're purchasing. I have a friend who is in Ameriprise "Adviser". Their Advisers have many skills and backgrounds. He is a former Academic, and much of his "book" amazingly are Academics. Intellectually, most of them... they...
by BigOil
Tue Dec 01, 2015 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone ever bought/run a convenience store?
Replies: 20
Views: 4171

Re: Anyone ever bought/run a convenience store?

Even though you decided not to go forward. Generally you need down more than one gas/c-store station, several in fact, to be a full-time owner/General Manager with a manager/supervisor at each store. It's very synergistic. Owning only one store means you will be working an implicit minimum wage job,...
by BigOil
Tue Dec 01, 2015 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: "Sin stocks"
Replies: 42
Views: 6515

Re: "Sin stocks"

C) I hate big oil. OK, no XOM, BP, or CVX. But really, petroleum is so pervasive you cannot isolate yourself in any credible way. "hate" is such a harsh term... :annoyed :moneybag :wink: I only "hated" the non-public, non-FCPA applicable, non-western, junta-run, non-transparent, corrupt, self-deali...
by BigOil
Sat Nov 14, 2015 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Husbands Longterm Unemployment Adjusting to New Norm
Replies: 62
Views: 10252

Re: Husbands Longterm Unemployment Adjusting to New Norm

Chemical engineering is a very versatile field, with the skills gained transferable to many other industries. What was his role at his job? If it is process oriented, then almost every industry/ company depends on processes - did he apply to any? If it is drilling/ engineering, did he look at const...
by BigOil
Wed Nov 04, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Is DIY Car maintenance that hard these days?
Replies: 51
Views: 5844

Re: Is DIY Car maintenance that hard these days?

I agree with the posters--- there is a lot less to do than before, but there're definitely some things you should avoid (airbags are a good example). The best tactic I think for many folks so inclined ---just to do those things that save you money easily (cabin air filters, engine air filters, detai...
by BigOil
Fri Oct 30, 2015 9:27 pm
Forum: Personal Consumer Issues
Topic: Investment scam? what should I do?
Replies: 39
Views: 4226

Re: Investment scam? what should I do?

Hurdy- ICANN/Whois says they are likely (domain registered to) Columbian Columbia apparently still has significant corruption, but is improving somewhat capitalistically (US Dept of State, paraphrased) Why would ANYONE individually send money there (unless to a relative), and to folks with CLEARLY d...
by BigOil
Wed Oct 28, 2015 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: whole life pitched as way to pay for kids college
Replies: 67
Views: 9361

Re: whole life pitched as way to pay for kids college

The one thing I remember from all my college classes (none of the detailed tech stuff) but this---always always always analyze the cash flows in any deal or investment. Only cash flow matters. Accounting is reporting. Insurance contracts are for selling and protecting insurance companies. Use them b...
by BigOil
Mon Oct 26, 2015 9:32 pm
Forum: Personal Consumer Issues
Topic: Car stolen and car seats set on fire
Replies: 49
Views: 9967

Re: Car stolen and car seats set on fire

Everyone is right it really sucks... Is just a transaction for the insurance company to minimize cost to them, and follow your contract with them. There is no compensation for all of the hassle, and perhaps even some of the incidental losses. You probably have some claims against the criminal of mor...
by BigOil
Mon Oct 26, 2015 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Proven Non-Index Funds
Replies: 55
Views: 6943

Re: Proven Non-Index Funds

Is it too late to invest Fidelity Magellan fund ??? LOL :? I'm old enough to remember... what goes around comes around. "They're hot till they're not." Agree. Any "stock picking" fund that outperforms---eventually gets fat and become closet index fund. Or closes to new funds. Funds based on structur...
by BigOil
Sat Oct 24, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with new 401k investment options
Replies: 13
Views: 1206

Re: Need help with new 401k investment options

Fidelity 2060 FDKVX :happy https://fundresearch.fidelity.com/mutual-funds/composition/315793729 I'd rather not invest in a fund with a 0.76% ER though. Those Fidelity retirement funds ARE NOT the ones you want. FIDO offers index-based retirement funds as well now(not in your plan tho'). Competitive...
by BigOil
Tue Oct 20, 2015 9:46 pm
Forum: Personal Consumer Issues
Topic: Rental Van Fees
Replies: 24
Views: 2225

Re: Rental Van Fees

I rented, routinely, 12+ passenger full-size vans for work. We found them incredibly expensive, if they were available, from traditional rental companies. Especially at the airport. The best deals was in cities that had (medium size) truck rental places. Their primary business was renting plain whit...
by BigOil
Mon Sep 28, 2015 7:38 am
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 69
Views: 7208

Re: “How Does Aging Affect Financial Decision Making?”

Resurrecting this thread, as I just read this month's Consumer Reports --- *very* respected and digestible source of revelat and much-less-biased advice. IMHO Money Management and the Aging Brain http://www.consumerreports.org/cro/consumer-protection/money-management-and-the-aging-brain/index.htm Th...
by BigOil
Sun Sep 20, 2015 10:44 am
Forum: Personal Consumer Issues
Topic: Family Car Recommendations
Replies: 85
Views: 9356

Re: Family Car Recommendations

We love our 2014th Forester Touring. Really really like it. We're in the snow belt, and while all-wheel-drive is not necessary it's nice. Only caveat, we have all of the options --- leather, premium audio, nav, collision avoidance and adaptive cruise, etc... None of which are really necessary to sti...
by BigOil
Sun Sep 20, 2015 10:29 am
Forum: Personal Consumer Issues
Topic: Working 23 yo Son Medical Insurance Ours/His/Both ?
Replies: 41
Views: 2862

Re: Working 23 yo Son Medical Insurance Ours/His/Both ?

"Does said child want to stay on your plan? All the EOBs would be going to you the parent - is your child okay with that? I think you should help your child figure out how much it would cost them to enroll in the employee sponsored plan and then decide. My Megacorp employer gives incentives to enro...
by BigOil
Sun Sep 20, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: Working 23 yo Son Medical Insurance Ours/His/Both ?
Replies: 41
Views: 2862

Re: Working 23 yo Son Medical Insurance Ours/His/Both ?

THANKS FOR THE HELPFUL REPLIES !!! THIS AGREE 100% ----> "I find it amusing that people take their children off of their plan (at a family financial loss) due to their inability to teach their children medical responsibility any other way." This is a financial question silly people!!! :moneybag Not ...
by BigOil
Sun Sep 20, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: Working 23 yo Son Medical Insurance Ours/His/Both ?
Replies: 41
Views: 2862

Re: Working 23 yo Son Medical Insurance Ours/His/Both ?

Gronnie wrote:One thing I haven't seen considered in this thread is whether or not the insurance holder is guaranteeing payment of the "dependent's" medical bills.
Not a lawyer, but he is Adult... I signed nothing to his providers. No way.
by BigOil
Sat Sep 19, 2015 1:32 pm
Forum: Personal Consumer Issues
Topic: Working 23 yo Son Medical Insurance Ours/His/Both ?
Replies: 41
Views: 2862

Working 23 yo Son Medical Insurance Ours/His/Both ?

Does anyone have tips on helping a grown out-of-state child select his employer medical insurance, when they're still eligible to stay on the "family" plan (Mom and Dad) at no additional cost (i.e. additional dependant Son still living at home puts us in 'family" rate anyway). Under ACA young adults...
by BigOil
Tue Sep 15, 2015 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth Management vs. do it yourself
Replies: 34
Views: 5164

Re: Wealth Management vs. do it yourself

Well the idea is to purchase individual bonds and hold them to maturity, thus avoiding interest-rate risk. I wouldn't purchase anything with a maturity over 10 years. Bid-ask is a quick calculation: one has to make sure the bond is not overvalued, and the YTM or YTW is acceptable. Nevertheless, I o...
by BigOil
Fri Sep 11, 2015 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Wealth Management vs. do it yourself
Replies: 34
Views: 5164

Re: Wealth Management vs. do it yourself

Why a laddered portfolio (serious question, really)? I cannot make the math(costs & risk-return) work vs. a low cost fund of the proper risk and duration . If rates go up, individual bonds still lose (paper) value. Bid-ask is an opaque and often expensive cost. And there's market uncompensated credi...