Search found 1251 matches

by William4u
Wed Dec 13, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 129
Views: 4885

Re: Snow Tires? Worth it?

I just swapped from Michelin Defenders (a decent All-season tire) to Michelin Xice3 on one car. That car was slipping all over the place before the swap. Now it is driving predictably and reliably. It is indeed like the difference between biking off road with a road bike vs a mountain bike. If you a...
by William4u
Tue Dec 12, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 129
Views: 4885

Re: Snow Tires? Worth it?

"A 2011 study in Quebec (where snow tires are mandatory) found widespread snow tire use reduced winter accidents by 5 percent and lowered deaths and serious injury by 3 percent."

https://www.consumerreports.org/winter- ... rvey-says/
by William4u
Tue Dec 12, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard voyager client service
Replies: 6
Views: 793

Re: Vanguard voyager client service

Yeah, not much better. Even Flagship isn't that different. But I almost never need help. Just set it and let it ride according to your IPS.
by William4u
Tue Dec 12, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 129
Views: 4885

Re: Snow Tires? Worth it?

Here are probably the top two widely available winter tires (I love my Michelin Xice3s, but friends swear by blizzaks). Here is the impression that I get from reading about them on CR etc... Michelin Xice3: - Excellent rolling resistance. Little fuel economy penalty from my experience. Way better th...
by William4u
Tue Dec 12, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 129
Views: 4885

Re: Snow Tires? Worth it?

Yes. 100x yes. The research shows it is much safer in the following conditions: colder than 40F, or snow, or ice, or any combo of the previous 3. Stops 50% sooner in many such conditions. Less likely to fishtail. Get them, no question.
by William4u
Tue Dec 12, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 116
Views: 11016

Re: What to do after losing $117k in stock market?

You are lucky in this way: you learned you lesson earlier than I did. I owned individual stocks and learned my lesson. Go with index funds, sleep easy, and find your excitement elsewhere. Here are some articles about why individual stocks are mostly losers: Most individual stocks are outperformed by...
by William4u
Sun Dec 10, 2017 8:13 am
Forum: Forum Issues and Administration
Topic: Thank you Admins
Replies: 18
Views: 1518

Re: Thank you Admins

Yup and yup.
by William4u
Sun Dec 10, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3448

Re: Please suggest a dry hands product

Turning up the humidifier in the house helps a bit. But I have a similar problem in winter because of the dryness. I have chemical and smell issues. Are there any that are zero fragrance and solvent free? j :D Perhaps this might work for you? Vanicream™ Moisturizing Skin Cream Vanicream is great fo...
by William4u
Sat Dec 09, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5776

Re: Does this happen to you? Educating friends about personal finance

Many cannot tell the difference between good and bad advice. When two people you like give contradictory advice, who do you believe? Behavioral economics has much to tell us about how people make bad decisions about their finances. Overconfidence is but one of many biases that affect judgement. I ha...
by William4u
Fri Dec 08, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3644

Re: I am buying a car: Most/Least Reliable Makes?

Consumer Reports does not like the reliability of honda/acura. They used to be reliable in the 90s, but not so much now. CR's "talking about cars" people slam the reliability of nissan, and honda's rating isn't much better. There is an episode of CR's "talking about cars" in which they lament hondas...
by William4u
Wed Nov 22, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: Tire size, and wheels for snow tires
Replies: 9
Views: 552

Re: Tire size, and wheels for snow tires

195/65R15 on 15 in wheels are the cheapest and most comfy tires that fit that car.
by William4u
Thu Nov 09, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1298

Re: Scooter insurance for a 20 year old college student

Scooters are one of the most dangerous form of transportation per mile. Many do not wear helmets, which is insane. Even with a helmet it is very dangerous. It took a lot of work to raise a kid to the age of 18. I myself worked pretty hard so my child would survive until college. For them to turn aro...
by William4u
Sun Oct 15, 2017 3:49 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 86
Views: 7034

Re: Negotiating for a new car purchase

OP, whatever you're doing, you're doing it wrong. I suspect you're actually driving to a dealer and talking to people, or calling the "Front desk" and talking to people. That's not necessary. The "fax/email" method or "talking to the internet manager" likely won't work either. Just do this: 1. Figu...
by William4u
Sun Oct 15, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 86
Views: 7034

Re: Negotiating for a new car purchase

get the invoice price and then walk into the dealership and simply ask, "how much above invoice will you sell me this car for". Invoice price used to mean something, but that is no longer the case. Invoice price has less and less usefulness. Often one can get a new car for below invoice price. Arti...
by William4u
Sun Oct 15, 2017 7:44 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new car purchase
Replies: 86
Views: 7034

Re: Negotiating for a new car purchase

We bought a new car recently and had to deal with a lot of shenanigans. It took a week or so. We emailed 12 nearby dealerships, were very specific about the car we wanted, and most of them just wanted us to come in. After a few rounds of competative bidding (just like in many bogelhead threads), 3 d...
by William4u
Mon Sep 25, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7117

Re: Tipping question....Applebees

20% is the right tip if you can afford to go out. Servers make around $2/hour. They are often required to come in an hour early to set up and leave an hour late to break down, during which they make no tips and just get $2/hour. It is a hard job, they often get stiffed, they have no health insurance...
by William4u
Mon Sep 18, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2884

Re: Pocket money allowance for college student

Gave son joint CC, which could be used for approved purchases. He lived in the dorms and had a 21-meal dining hall pass (which automatically came with the dorm fee), so CC was only for incidentals. He was on campus 90% of the time. He spent $100-200 a month on it. He also had plenty of money from fu...
by William4u
Sun Sep 17, 2017 6:50 pm
Forum: Investing - Theory, News & General
Topic: The Difference Between Risk and Uncertainty
Replies: 41
Views: 3094

Re: The Difference Between Risk and Uncertainty

There is a huge lit on this, but the simplest version is this... 1. Risk is the (often roughly) known probability of a known outcome. So a 50% chance of losing $100 is a risk of a negative outcome. Sometimes this is put it terms of expected utility or decision theory. 2. Uncertainty is when the prob...
by William4u
Sat Sep 09, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 7143

Re: Luxury car: perception vs reality

My rule-of-thumb for the past 50 years has been, Never Buy a Car Costing More Than 6 Months Income. IMHO for many professionals, 6 months is a huge amount of money to spend on a car. And why would I want to work so hard for 6 months just for a temporary asset that depreciates rapidly and then gets ...
by William4u
Sat Sep 09, 2017 7:20 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 7143

Re: Luxury car: perception vs reality

I know many people with net worths north of 1M. Some of them have luxury cars, but the vast majority do not. Those with luxury cars tend to keep them 10 years or more, so they still get some value out of the cars. Most of them are "low level" luxury cars like the Lexus RX or 350ES or an Acura MDX. I...
by William4u
Mon Sep 04, 2017 10:52 pm
Forum: Personal Consumer Issues
Topic: Did Charmin UltraSoft TP become "UltraThin"?
Replies: 61
Views: 4206

Re: Did Charmin UltraSoft TP become "UltraThin"?

Charmin UltraSoft ued to be out go to tp. Now they are not so good. They are about an inch more narrow than before, and not the same quality. Let me know if you find something better. We are trying other brands for the first time in 20 years.
by William4u
Mon Aug 28, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Life is short vs bad financial decision
Replies: 12
Views: 1205

Re: Life is short vs bad financial decision

Gill wrote:
Mon Aug 28, 2017 8:27 pm
In May you posted you have annual income of $65k and savings of $8k.

You can't afford a $27k motorcycle.

Gill
Good Lord. Definitely not affordable.
by William4u
Sat Aug 26, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is Geico a bait and switcher?
Replies: 32
Views: 4692

Re: Is Geico a bait and switcher?

Is State Farm clobbering me or am I missing something? You are learning what I and many others here have learned. The various companies get you on-board with "nice premiums" and gradually raise them over time (boiling a frog?); they'll charge what the market (and our laziness) will bear. As recomme...
by William4u
Sun Aug 20, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6469

Re: Safe car for wife and baby

clutchied wrote:
Sun Aug 20, 2017 7:41 pm
Honda Odyssey all day long.
+1

The Odyssey and Sienna are two of the safest cars on the road. The mortality rates on those cars are two of the lowest for the last decade. They are essentially large SUVs with a "but-its-a-minivan" marketing issue.
by William4u
Sun Aug 20, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6469

Re: Safe car for wife and baby

We have a small car like the civic, but it has all the new safety stuff like emergency braking, blind spot, rear cross traffic alert, etc. We drive with a baby all the time and feel safe. A 2016 civic will have the modern crash design that makes it twice as safe as a 2006 civic. Emergency braking wa...
by William4u
Thu Aug 17, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16967

Re: Lost $7000 today in ONE DAY!

Ignore the noise and follow your IPS. Your allocation is reasonable. Stay the course. A little volatility can be good in the long term.

1. Write an IPS.
2. Stick to it.

viewtopic.php?t=61915
https://www.bogleheads.org/wiki/Investm ... _statement
by William4u
Tue Aug 15, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6453

Re: Plan for making child pay for part of college

This is our plan. Fund 100% of tuition and books at a local community college for 2 years. Fund 100% of tuition and books at a university for years 3-4. If our daughter wants to start in a 4-year university, we would only pay the cost of a CC for the first 2 years. If she wants to live in a dorm or...
by William4u
Sat Aug 12, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Buying a Vehicle the Old Fashioned Way
Replies: 57
Views: 5697

Re: Buying a Vehicle the Old Fashioned Way

We chose the 2017 Toyota Sienna XLE w/ AWD with XLE Navigation package and All Weather mats throughout, MSRP of $40,500... He quoted me $35,500 which was the high side of the range above but with about $1000 in options (Nav and Mats) already included. I made an offer for $34k all cash if he threw i...
by William4u
Fri Aug 11, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Project Fi phone
Replies: 26
Views: 2230

Re: Be aware of Project Fi, Google sometimes is evil

Evil? I think that word means something else. :wink:
by William4u
Thu Aug 10, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 7009

Re: What Percentage CASH are you?

I have a 6 month emergency fund in savings. Other than that, I keep no cash except for income coming in.
by William4u
Thu Aug 10, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 6548

Re: What is an appropriate lower risk asset allocation once one has "won the game"

aristotelian wrote:Inflation risk is also what jumped out at me.

20% US Stock
10% International stock
40% Total Bond Market
20% TIPS
10% Cash
A lot of people are recommending something like a 30%/70% stock/bond portfolio. I concur.
by William4u
Tue Aug 08, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Help me pick a car
Replies: 54
Views: 4782

Re: Help me pick a car

The bigger discounts are not on SUVs and trucks, which are popular. They are on the medium to large size sedans, like the Camry. I've read about 2017 Camry's going for less than $17,000 excluding TTL.
by William4u
Tue Aug 08, 2017 8:03 am
Forum: Personal Consumer Issues
Topic: Should I Buy a New Car?
Replies: 42
Views: 3347

Re: Should I Buy a New Car?

1. 100% keep the car. 2. The Camry V6 2010 3.5 liter has no timing belt. I'm sure of this. It has a timing chain that will typically last 400k miles. 3. Do the toyota recommended maintenance for a couple grand (or less) and you will have a great car that will last another 100k miles with little main...
by William4u
Tue Aug 08, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: What is an appropriate lower risk asset allocation once one has "won the game"
Replies: 50
Views: 6548

Re: What is an appropriate lower risk asset allocation once one has "won the game"

I'd diversify extra broadly... As for the portfolio: 10% Stocks, 22% Bonds, 14% 2nd home, 54% Cash Equiv. That's a crazy risky portfolio. It isn't safe at all. You aren't being risk adverse you are just taking on a lot of inflation risk and in exchange for all that inflation risk you get terrible r...
by William4u
Fri Aug 04, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7897

Re: Study: Who Sold Stock During the 2008-9 Crash?

I was in Vanguard Retirement funds during the crash (plus a few random DRIPS), and was too busy to bother with my investments then. I left it alone until 2011, when I went 100% stocks (all index funds). So far so good.
by William4u
Wed Aug 02, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

I didn't look up exactly why Stats majors do poorly on the GMAT, but if I had the guess, it is because Math is only 1 of 4 sections of the test. The other three parts are Analytical writing, Argument/Integrated Logical Reasoning, and Verbal. My guess is they are lacking on some or all of the other ...
by William4u
Wed Aug 02, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 26348

Re: How much money do you need to retire?

I would not say that we "need" it, but we have long thought that $2 million (today's money) in retirement investments plus SS would be comfortable given that we own our home outright and live in a somewhat LCOL area.
by William4u
Wed Aug 02, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

I'd say the reason is similar to the reason given when they asked Willie Sutton why he robbed banks. He said, "Because that's where the money is." edit: You're right. If you look at the national center for education statistics. Data shows "business" as a field of study came in at the top for bachel...
by William4u
Wed Aug 02, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

However, it is worth noting that many liberal arts degrees (especially philo) has a much higher acceptance rate to MBA programs, and much higher GMAT scores than many business degrees. So if you want an MBA, you are probably be better off with a philo BA than a Buisiness management degree... Too la...
by William4u
Mon Jul 31, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

Business Admin majors tend to have lower salaries and lower skills than many other majors (and it is too easy). All of these issues are pretty well documented in the social science literature, including the excellent book Academically Adrift and this NYTimes series on problems with Business majors....
by William4u
Mon Jul 31, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

To my knowledge and experience Finance is not widely popular, however general "Business Administration" is. I double majored in both Finance and Economics and I would say I got more critical thinking/applicable life/professional skills from Economics In general, folks like Business Admin because it...
by William4u
Mon Jul 31, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

Business Admin majors tend to have lower salaries and lower skills than many other majors (and it is too easy). Well, like anything else, it depends on which school one attends. I earned an MBA in Finance from Wharton. Wharton also offers undergraduate degrees in business. Some of those undergradua...
by William4u
Mon Jul 31, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5647

Re: Philosophy major and future law student

FYI, according to recent research, Business majors have low pay and low skills relative to liberal arts majors. The book Academically Adrift discusses this in detail. The NYTimes has discussed it at length as well... https://www.nytimes.com/roomfordebate/2011/04/17/why-look-down-on-a-business-degree...
by William4u
Mon Jul 31, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5647

Re: Philosophy major and future law student

http://online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html Notice that mid-career Philosophy majors had a higher median salary than Biology, Chemistry, Accounting, and Architecture, to name a few. Your link shows Philosophy degrees starting salary of 39.9K and a mid-c...
by William4u
Mon Jul 31, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

To my knowledge and experience Finance is not widely popular, however general "Business Administration" is. I double majored in both Finance and Economics and I would say I got more critical thinking/applicable life/professional skills from Economics In general, folks like Business Admin because it...
by William4u
Sun Jul 30, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

If someone wants to pursue a career in finance, I recommend getting a degree in Accounting. It is a more rigorous study and gives more options and potentially more income. Someone with an accounting degree is capable of doing anything a finance degreed person can do, but not vice versa. I would pic...
by William4u
Sun Jul 30, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5647

Re: Philosophy major and future law student

It turns out Philosophy has a very high salary compared to many other majors: higher than undergrad business even. Most philosophers do not go into academia but other professions, where they use their thinking skills taught in philosophy. Nothing stops him getting a double major in philosophy and c...
by William4u
Sun Jul 30, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5647

Re: Philosophy major and future law student

I have never been in a position to hire anyone, but I really find this paragraph from the web page hard to believe. . Let’s face it: when you go to a job interview with a company, and you let them know that you are a philosophy major, your personal stock goes up. It shows that you are intrigued by ...
by William4u
Sat Jul 29, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 5647

Re: Philosophy major and future law student

Philosophy majors report more satisfaction in their careers than most other majors. They tie physics for the highest LSAT. Philo majors do much better on the writing and verbal sections of the GRE than English majors. The have some of the highest rates of acceptance to law, medical, and MBA programs...
by William4u
Fri Jul 28, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4724

Re: Finance as a college major?

Finance is more math intensive than other Business majors (except Economics). Many students get into finance majors until they realize how much math it requires. Then they go into Business Admin, Marketing, or some such, all of which requires far less math. Most American-born students are math-phobi...