Search found 1279 matches

by William4u
Fri May 04, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5045

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

If you have a pool of after tax money getting as much of that as possible placed in a Roth would be to your advantage, but the maximum annual contribution allowed for a Roth ($5500/$6500 per person) is so small that the option is irrelevant. Placing the money in tax deferred I bonds is also irrelev...
by William4u
Tue May 01, 2018 5:22 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 283
Views: 72568

Re: My New Car Buying Tips

We thought we had a deal with two different dealers, only to have the final purchase agreements I requested by email look different than the numbers I'd confirmed earlier via email and phone -- crap like tacking on random fees/taxes or including a rebate we didn't qualify for just so they could low...
by William4u
Wed Apr 18, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2543

Re: 2018 Honda Fit EX

We were very much considering one. I really like the car, but you definitely pay for the Honda reputation. We were unable to find one locally for <$20k OTD, which was ~$5k more than comparable vehicles 20k OTD, good gracious! We bought a 2017 Prius for 22.3k OTD (fighting chance method), which is a...
by William4u
Fri Apr 13, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to find out about North Carolina Index Fund
Replies: 4
Views: 321

Re: Best way to find out about North Carolina Index Fund

It is the same as VOO (S&P500 index), which is very similar to VTI (Total Domestic Index). Your fund is not really an NC fund, it is a fund that tracks the S&P500, which is a well diversified large cap US fund. The fund is named "NC" simply because it is offered to NC employees, and not because of t...
by William4u
Thu Apr 05, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: How does one adjust salaries to account for housing costs when considering a move?
Replies: 24
Views: 1475

Re: How does one adjust salaries to account for housing costs when considering a move?

The two options look close in immediate future financial terms. So I would focus almost entirely on how they affect other factors, like quality of life, spending time with family, commute distance, quality of schools, distance from family and friends, enjoyment of the job, potential for career advan...
by William4u
Thu Apr 05, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones
Replies: 26
Views: 3674

Re: Edward Jones

Great story on the history of Edward Jones -- https://kronstantinople.blogspot.com/p/edward-jones-saga.html They started out quite idealistically. Not anymore. Potential clients should read this before they invest with EJ. It is a bit long, but there are some eye opening parts that people should kn...
by William4u
Thu Apr 05, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 4097

Re: Financial Advisor fees? Am I paying too much?

Here is a recent post by a person who was with Ameriprise (expensive financial advisors who are not well received here) one year ago. This person became a boglehead 1 year ago and is now on an improved financial path... https://www.bogleheads.org/forum/viewtopic.php?p=3865054#p3865054 You could be d...
by William4u
Wed Apr 04, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor fees? Am I paying too much?
Replies: 54
Views: 4097

Re: Financial Advisor fees? Am I paying too much?

Yes, you are playing too much (as others have noted). Here is how those fees can affect you. If I had to bet, I would bet that your advisor is making money by pushing high fee funds that cost you in addition to his/her annual AUM fee of 1.55%. If I had to bet, I suspect it would add up to about 3% p...
by William4u
Wed Apr 04, 2018 4:34 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5727

Re: 2018 Camry. What's wrong with me?

I like the Camry, since it is a reliable, safe, economical, comfortable car. It is not a BMW, which is safe and comfortable but not reliable or economical by comparison. It sounds like you might want an impossible combination of a Camry and a BMW, with all the Camry goodness plus a great driving exp...
by William4u
Fri Mar 30, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a HELOC: DCU, NFCU, or another?
Replies: 6
Views: 367

Re: Recommend a HELOC: DCU, NFCU, or another?

Kenkat wrote:
Fri Mar 30, 2018 1:35 pm
I have a HELOC through Third Federal Savings, 3.74%, no fees to open (for me at least, I was an existing customer). Easy process and they keep all of the servicing in house. They are not available in all states however.
Not available in MN, I'm afraid. Thanks.
by William4u
Fri Mar 30, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a HELOC: DCU, NFCU, or another?
Replies: 6
Views: 367

Recommend a HELOC: DCU, NFCU, or another?

Hi, We are applying for a HELOC soon for about $100k, and were looking into DCU (Digital Credit Union) and NFCU (Navy Federal Credit Union). For DCU and NFCU, they both have the same rate now (4.5%) and similar conditions. NFCU charges some small origination fee (a few hundred dollars) but DCU charg...
by William4u
Wed Mar 14, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12884

Re: Need advice re: Liberal Arts Colleges...

Lots of myths that need busting... 1. It is a myth that undergrad B-School degrees get you a high-paying job. MBA degrees might, but undergrad B-School degrees tend to lag behind the liberal arts and stem degree holders. 2. Some STEM degrees lag behind some liberal arts degrees in terms of lifetime...
by William4u
Wed Mar 14, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12884

Re: Need advice re: Liberal Arts Colleges...

Lots of myths that need busting... 1. It is a myth that undergrad B-School degrees get you a high-paying job. MBA degrees might, but undergrad B-School degrees tend to lag behind the liberal arts and stem degree holders. 2. Some STEM degrees lag behind some liberal arts degrees in terms of lifetime...
by William4u
Wed Mar 14, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12884

Re: Need advice re: Liberal Arts Colleges...

For example, Philosophy majors have the highest acceptance rates to med school, law school, and MBA programs; That probably has more to do with the characteristics of students who choose to major in Philosophy as opposed to the major itself. Those students would probably have a high rate of accepta...
by William4u
Wed Mar 14, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12884

Re: Need advice re: Liberal Arts Colleges...

Lots of myths that need busting... 1. It is a myth that undergrad B-School degrees get you a high-paying job. MBA degrees might, but undergrad B-School degrees tend to lag behind the liberal arts and stem degree holders. 2. Some STEM degrees lag behind some liberal arts degrees in terms of lifetime ...
by William4u
Wed Mar 14, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Backpacking in Guatemala and El Salvador?
Replies: 23
Views: 2074

Re: Backpacking in Guatemala and El Salvador?

The safest countries in Central America are 1. Nicaragua 2. Costa Rica The most dangerous countries in Central America are 1. Honduras 2. El Salvador Guatemala can be very dangerous too, especially outside of Xela and Antigua in areas where there are a lot of tourists. I would not visit El Salvador....
by William4u
Tue Mar 13, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: Balsamic vinegar?
Replies: 31
Views: 3726

Re: Balsamic vinegar?

I love balsamic vinegar, and love the good stuff. I have never found really good balsamic vinegar in a chain store. I consider that stuff the equivalent of drinking Boone's Farm wine. I only use that for mixing in recipes in which the balsamic taste is faint. The decent stuff can be ordered on amazo...
by William4u
Mon Mar 12, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Should we buy my wife a new car?
Replies: 53
Views: 3632

Re: Should we buy my wife a new car?

ESC doesn’t help you drive out of a snow drift. For what sounds like a few days a year, I wouldn’t do anything, buts that’s just me. Drive slowly and carefully in inclement conditions. JT Thanks bottle cap. I know ESC isn't helpful driving out of snow drift. It was just a comment on the safety equi...
by William4u
Sat Mar 10, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4836

Re: Consumer Reports Auto Issue Out now

I immediately looked up Camry, Corolla, Accord, and Civic as they are four of the most popular cars on the market. I was surprised to see that Consumers Report prefers the two Toyota products to Honda whereas US News and World Report prefers Honda to Toyota. And in both publications the gap was qui...
by William4u
Fri Mar 09, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Young Lawyer in Big Law -- NYC or SF?
Replies: 13
Views: 1661

Re: Young Lawyer in Big Law -- NYC or SF?

Small N sample size of friends seems to suggest that the Biglaw lawyers in SF are do-gooders who are passionate about their side pro-bono work. Their SF firms seem supportive of their pro-bono work, as it keeps them happier when they are doing the drudge work for the megacorps. The NYC Biglaw lawyer...
by William4u
Sat Feb 10, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 172
Views: 25777

Re: Ally online savings now at 1.45%

itworks wrote:
Fri Feb 09, 2018 4:08 pm
Alliant Credit Union savings: 1.45%, upped a few days ago.
+1 Alliant is great, and anyone can join.
by William4u
Sat Feb 10, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 13781

Re: Ally Bank 12 month CD now 2.00%

Navy FCU has a 3% 12 month CD for both share and IRA accounts ($3000 max).... https://www.navyfederal.org/products-se ... -rates.php
by William4u
Mon Feb 05, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6020

Re: New car - how much can we afford?

1. Safety comes first. That means emergency braking, blind spot, and all that comes with it. 2. Reliability comes second. It is not good to be left on the side of the road. 3. Value comes third. No need to overpay for a commodity. With one child it doesn't matter what kind of car you get. With two y...
by William4u
Thu Feb 01, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: SUV vs Minivan: which is safer?
Replies: 23
Views: 1706

Re: SUV vs Minivan: which is safer?

Minivan. And a minivan is much more family friendly. I have many family members who had Pilots and Highlanders who were much happier when they upgraded to Siennas and Odysseys.
by William4u
Tue Jan 16, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3862

Re: Considering PhD...but so much to consider...

My wife and I are tenured professors with PhDs in two different fields. I am familiar with the PhD for a wide variety of fields (due to friends and family with them). Most PhDs do not lead to more money, just a different career. Personally, I would not worry about money. You will make more than enou...
by William4u
Sun Jan 07, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 87
Views: 9145

Re: New Honda CRV - first oil change full synthetic?

1. 0w20 pretty much is required for your vehicle, and 0w20 is always synthetic. Any API-certified 0w20 oil is fine (which would include all name brands like Mobil1, Pennzoil, Quaker State, Valvoline, etc.). Just look for the API donut. 2. Turbos should have synthetic anyway. 3. Never go to a quick l...
by William4u
Fri Jan 05, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 11278

Re: TaxAct and alternatives

I switched to freetaxusa and it worked just like taxact for me at a much lower price.
by William4u
Sat Dec 30, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7803

Re: The Economics of a new Puppy

We spend around $4000/year for one dog. So expect around $50,000 over the life of the dog. Vet, doggie day care, boarding, decent food, training, gear, etc. all add up. We spent a ton on gear alone (dogs, like kids, get a lot of random stuff over time). Dog carrier for car, check. Extra fencing, che...
by William4u
Wed Dec 13, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 7605

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: 147
Views: 7605

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: 1071

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: 147
Views: 7605

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: 147
Views: 7605

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: 156
Views: 18244

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: 28
Views: 2969

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: 4316

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: 6758

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: 83
Views: 6052

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: 647

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: 1539

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: 8290

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: 8290

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: 8290

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: 7946

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: 3329

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: 3407

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: 8361

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: 8361

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: 5066

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: 1348

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.