Search found 1611 matches

by unclescrooge
Sat Dec 09, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5236

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

Does this happen to you? While not an expert, like all of you, I have acquired a lot of personal financial knowledge over time. I do not know everything but I do know about 99% of what I need to know for someone in my age group and financial stage (two years retired). I have several friends at my a...
by unclescrooge
Sat Dec 09, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 123
Views: 6925

Re: Save all this money, what do you splurge on?

I spent $13k on two puppies. What breed? Was this the cost of acquisition, it did it include training. I spend my money on kids. Day care runs $2400 plus there's baby sitters, food, clothing and birthday parties. Plus now travel has become more expensive since we need more flight tickets and can't ...
by unclescrooge
Sat Dec 09, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: Home Security Camera: Post a Warning Sign or Not?
Replies: 18
Views: 1901

Re: Home Security Camera: Post a Warning Sign or Not?

How tamper proof are the cameras? I would think a sign would just create an opportunity for bad guys to find and disable the cameras. The other random uninvited question I have is what kind of high crime area do you live in? We’ve lived in what a lot of people would consider a high crime urban area...
by unclescrooge
Fri Dec 08, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 44
Views: 2247

Re: Should I file taxes w/o her?

I knew I wasn't going to get any sympathy but I wanted to see if there was a better way to avoid the high taxes. While our funds aren't in one pot, She has a golden heart and is extremely generous so I'll quit while I'm ahead, thank you! :happy Other than getting divorced there is no good way for h...
by unclescrooge
Thu Dec 07, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 24
Views: 1893

Re: Call the Top!

3434.34
by unclescrooge
Thu Dec 07, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 44
Views: 2247

Re: Should I file taxes w/o her?

I knew I wasn't going to get any sympathy but I wanted to see if there was a better way to avoid the high taxes. While our funds aren't in one pot, She has a golden heart and is extremely generous so I'll quit while I'm ahead, thank you! :happy Other than getting divorced there is no good way for h...
by unclescrooge
Thu Dec 07, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 55
Views: 6422

Re: House on the market less than a day. Did listing agent commit fraud?

The motorcyclesarecool family has been in the market for a house for the past year. Yesterday our buyer’s agent contacted us about a property that was at least 95% of our ideal and reasonably priced. We set up a showing for today. Showing was cancelled because the house went under contract last nig...
by unclescrooge
Tue Dec 05, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund
Replies: 36
Views: 3091

Re: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund

Read the deep risk series by Bernstein.

That will cover all the basics. Then lay off your friend.

I tried to tell all my friends to buy investment properties in 2003. No one listened....until 2006 which was when I was selling.
by unclescrooge
Mon Dec 04, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Hard time deciding how much to spend on rent
Replies: 24
Views: 1380

Re: Hard time deciding how much to spend on rent

Is there anyway to rent somewhere closer without being in the City? Do NOT get roommates, they will only cause grief and problems and they're not worth their contributions. I never had a roommate that worked out well (well until my wife did...lol). I've always had roommates, and they've always been...
by unclescrooge
Tue Nov 28, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8038

Re: Too much house, right?

Having just finished major remodel project, I'll say it's not for the faint of heart. It will also take twice as long, and cost twice as much as you expect. That's because your idea of what the finishes should be won't align with the builders. So everything you choose will be extra. Also, 75% of the...
by unclescrooge
Tue Nov 28, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Yet another can I afford this house post- please weigh in
Replies: 27
Views: 2654

Re: Yet another can I afford this house post- please weigh in

Thank you for all of your thoughtful responses. I just skimmed another "can I afford this house" thread and a poster had the following concerns, which is something I am also worried about since I live in CA: "More than likely...you are looking at a home in California. Property is going through the ...
by unclescrooge
Tue Nov 28, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: BLK Friday -Washer/Dryer purchase for future
Replies: 10
Views: 839

Re: BLK Friday -Washer/Dryer purchase for future

I had bought a washer/dryer on Black Friday 2016 from Best buy. There was no delivery date set up. 11.5 months later, the delivery was scheduled but the dryer was back-ordered so I canceled the complete order and bought from Sears on Black Friday 2017. Strongly recommend Sears for appliances. They'...
by unclescrooge
Tue Nov 28, 2017 1:47 am
Forum: Personal Consumer Issues
Topic: BLK Friday -Washer/Dryer purchase for future
Replies: 10
Views: 839

Re: BLK Friday -Washer/Dryer purchase for future

I had bought a washer/dryer on Black Friday 2016 from Best buy. There was no delivery date set up. 11.5 months later, the delivery was scheduled but the dryer was back-ordered so I canceled the complete order and bought from Sears on Black Friday 2017. Strongly recommend Sears for appliances. They'r...
by unclescrooge
Mon Nov 27, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4273

Re: best cordless drill??

Luke Duke wrote:
Mon Nov 27, 2017 4:36 pm
unclescrooge wrote:
Thu Nov 23, 2017 11:06 am
If its for odd jobs around the house then go for a corded drill.

In a cordless drill, the battery will be dead when you need it.
How often do you use a drill?
Every other year. Right now I'm putting together a master bed room walk-in closet. After this, I probably won't need it for 2 years.
by unclescrooge
Sun Nov 26, 2017 5:47 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4273

Re: best cordless drill??

If its for odd jobs around the house then go for a corded drill. In a cordless drill, the battery will be dead when you need it. This is not true with the new Lithium Ion batteries. They do not lose a charge over time like the old NiCd or NiMh batteries used to. Really? So I can pull it out after 2...
by unclescrooge
Thu Nov 23, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4273

Re: best cordless drill??

If its for odd jobs around the house then go for a corded drill.

In a cordless drill, the battery will be dead when you need it.
by unclescrooge
Wed Nov 22, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance for Cancer Survivor
Replies: 1
Views: 377

Insurance for Cancer Survivor

I just found out a friend of mine doesn't have life insurance. He had thyroid cancer but has been in remission for 5 years. He's self-employed, and has a working wife and young kid...he's looking for a 20 year term for $1mm. Can anyone recommend a broker or company that deals with this sort of situa...
by unclescrooge
Tue Nov 21, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: BOTZ ETF
Replies: 6
Views: 600

Re: BOTZ ETF

Was this purchase due to the mother Jones article that came out recently?
by unclescrooge
Tue Nov 21, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1870

Re: Newly built home. sell or rent?

You should consider 6% in closing costs, or nearly $20k. You are looking at losses, not gains. Personally, I would rent it permanently. I have had out of state rentals since 2005. They can be a hassle, but if you don't get too worked up about small things, you'll eventually get the hang of it. If n...
by unclescrooge
Mon Nov 20, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5752

Re: How much do you budget for vacation?

I live in SoCal. No need for expensive vacations!
by unclescrooge
Mon Nov 20, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1870

Re: Newly built home. sell or rent?

You should consider 6% in closing costs, or nearly $20k. You are looking at losses, not gains. Personally, I would rent it permanently. I have had out of state rentals since 2005. They can be a hassle, but if you don't get too worked up about small things, you'll eventually get the hang of it. If no...
by unclescrooge
Sat Nov 18, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8770

Re: Has used furniture dropped in value dramatically?

Furthermore, my guess is a chair "hand crafted by Norwegian elves for Odin's living room 1,000 years ago, uses silk spun by a Tang emperor, and is priceless, unique, and built to last millennia." would be worth a pretty penny. Heck, I would buy it sight unseen, which is why my garage is filled with...
by unclescrooge
Sat Nov 18, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8770

Re: Has used furniture dropped in value dramatically?

This looks fantastic! For the uninitiated, is this simple to achieve? Do you just sand and then stain it? Or are there any special steps you need to take? Thank you, appreciate it. Pretty much, the 'how' is not difficult. Find a piece that as my wife would say 'has potential'. Come up with your col...
by unclescrooge
Fri Nov 17, 2017 6:50 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8770

Re: Has used furniture dropped in value dramatically?

Out of style. My parents have a house full of solid oak furniture they paid thousands for 20 years ago, nobody wants it now, not even them. Too large, way too heavy and oak color which is dated. My wife and I find low priced out of style furniture on craigslist (there's a ton of it) and refinish it...
by unclescrooge
Fri Nov 17, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5067

Re: Where did you first learn about investing?

My mom taught me the power of saving and compound interest. Her mom, and my dad's dad, were both avid investors, and investing was discussed frequently. When she graduated college, she wanted to buy jewelry with her first paycheck. She lived at home with her parents, and my grandma advised her to bu...
by unclescrooge
Thu Nov 16, 2017 12:54 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8770

Re: Has used furniture dropped in value dramatically?

Out of style. My parents have a house full of solid oak furniture they paid thousands for 20 years ago, nobody wants it now, not even them. Too large, way too heavy and oak color which is dated. My wife and I find low priced out of style furniture on craigslist (there's a ton of it) and refinish it...
by unclescrooge
Wed Nov 15, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15139

Re: Why pay cash for a car?

The prevailing wisdom is that by financing you will buy more car than you should. If you will truly get the same exact car, financing may not be a bad idea. I got a 2017 base honda fit and am paying 0.9% for 5 years. Made no sense to pay that in cash, and it didn't influence my decision. Poll: do m...
by unclescrooge
Fri Nov 10, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1287

Re: Scooter insurance for a 20 year old college student

Tell him to get a bicycle. That being said, I had a motorcycle in undergrad. Incredibly dangerous, and insanely fun! I got into several accidents. The most severe was when I slipped on gravel at night on a dark curve. I was not going fast, but the gravel made me lose traction and I slipped. Luckily,...
by unclescrooge
Fri Nov 10, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 87
Views: 6282

Re: Spam calls to cell phone...

Anecdotally, I never used to get spam calls at all, maybe a couple a year. Once we switched to Google fi for cell service and carrying over my same phone number I've had for well over a decade, I get spam calls way more often. At least Google automatically tags them as "suspected spam" on the incom...
by unclescrooge
Fri Nov 10, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3319

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

With bitcoin / cryptocurrencies reaching a 65B market cap and the World Market cap being 210 Trillion, Would it be considered "Wise" / "Bogleheaded" to go ahead and allocate .3% of ones portfolio to crypto since they are not represented in the total market index? No more no less. This isn't some ar...
by unclescrooge
Fri Nov 10, 2017 1:50 am
Forum: Investing - Help with Personal Investments
Topic: What can go wrong with multi family syndications?
Replies: 24
Views: 2682

Re: What can go wrong with multi family syndications?

Those returns are not unreasonable for these types of deals. They are real. BUT: the reason why they pay out those rates is that they are much more risky than a CD, a treasury, a Blue Chip, or even a small Cap stock. They can and do default (i.e. you can easily lose ALL of your investment) at a rea...
by unclescrooge
Wed Nov 08, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4099

Re: Inexpensive house or condo as home base (MKE?)

Have you looked at housing in Thailand or Bali? Yes, in Thailand. And what did you conclude? I follow a guy on youtube from NC who moved to Thailand 2 years ago. The guy pays about $500/month for a decent apartment. Yes...in Thailand, you can find super cheap housing, but to be honest, I could prob...
by unclescrooge
Wed Nov 08, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

New to this so I couldn't figure out how to download a picture. Here are several pictures of both Board and Batten used as accent and over whole house. Very nice look imho. https://www.google.com/search?q=Board+and+batten+siding&tbm=isch&source=iu&pf=m&ictx=1&fir=cuBGlguDfaFDVM%253A%252CfEugV29fiUM...
by unclescrooge
Wed Nov 08, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

Mlm wrote:
Wed Nov 08, 2017 12:06 pm
How about covering it with cedar siding. I like the look. Examples here:

https://www.pinterest.com/pin/462463455465805856/
Yes!
Although it looks expensive. What tradesperson would do this? A carpenter, a masonary, or just a general handyman?
by unclescrooge
Wed Nov 08, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Coffee
Replies: 51
Views: 3978

Re: Coffee

I enjoy plain coffee. In fact, chocolate-favored Keurig coffee is my favorite - please keep your judgements to yourselves, I'm a man of simple tastes. :mrgreen: If I had more disposable income/time I would hang out at coffee shops all day. But what's the question - are you sad that coffee shops are ...
by unclescrooge
Wed Nov 08, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

I would go through the trouble of getting a permit to cover it to match the rest of the house. I doubt the request would be denied. If you really don't want to go to the trouble, you could paint it to match the stucco. If you paint it any other color, it will only draw attention to it. The mix of m...
by unclescrooge
Wed Nov 08, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

I would go through the trouble of getting a permit to cover it to match the rest of the house. I doubt the request would be denied. If you really don't want to go to the trouble, you could paint it to match the stucco. If you paint it any other color, it will only draw attention to it. The mix of m...
by unclescrooge
Wed Nov 08, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

parsi1 wrote:
Wed Nov 08, 2017 10:53 am
How about pressure washing it to make it look clean and new, it wont cost much and it may look better when cleaned.
That's a consideration. But the stones embedded in the brick are yellow. I don't think those will change, and they definitely don't match.
by unclescrooge
Wed Nov 08, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

Valuethinker wrote:
Wed Nov 08, 2017 10:43 am

Because painting brick means it cannot then breathe, it is not to be recommended.
Why does brick need to breathe? I live in Southern California, so it's not like we have high humidity levels.

Also, what's wrong with brick mummification? :mrgreen:
by unclescrooge
Wed Nov 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

What about doing a vertical Board and Batten siding overlay over it of a different color to act as an accent. Would also give you a different texture and the ability of a different color so it doesn't get to boring. Certainteed makes some good materials for this application. Sinc :idea: I'm unfamil...
by unclescrooge
Wed Nov 08, 2017 12:48 am
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3605

Re: Fair Price for a Kitchen Remodel

stan1 wrote:
Tue Nov 07, 2017 9:52 pm
Contractor is very busy and really doesn't want more work
Contractor is good business person and knows if you won't pay someone else will
I got a roofing quote like that.
He quoted $60k for a job I later got completed for $13.5k :shock:
by unclescrooge
Tue Nov 07, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Re: Okay to paint exterior brick?

soupcxan wrote:
Tue Nov 07, 2017 8:52 pm
You were able to stucco the entire house without a permit, but stucco’ing the brick requires one?
Design changes need to go through a design committee :oops:
by unclescrooge
Tue Nov 07, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3605

Re: Planning is good

Care to elaborate what happened? 1. The first tile guy, who was recommended by both the architect and the GC did not return the GC's phone calls. The GC brought in another tile company and they did an awesome job. The tile pattern--Heath Ceramics, Dwell, Little Diamond Mix--requires precise cutting...
by unclescrooge
Tue Nov 07, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3605

Re: Planning is good

FraggleRock wrote:
Tue Nov 07, 2017 5:44 pm

7. Started the project and let the GC control scheduling and deal with: the tile guy flaking out and the countertop catastrophe as the first fabricator was not paying attention.
Very nice!

Care to elaborate what happened?
by unclescrooge
Tue Nov 07, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3605

Re: Fair Price for a Kitchen Remodel

Here's my kitchen in SoCal. https://i.imgur.com/qXbdGwEb.jpg https://i.imgur.com/5qgtjPkb.jpg https://i.imgur.com/J0KlBgr.jpg I used 3 quartz slabs. For reference, the island is 10 ft long by 5 ft, and uses one complete slab. The remaining slabs were used for the side countertops and backspash. The ...
by unclescrooge
Tue Nov 07, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 1867

Okay to paint exterior brick?

As I've mentioned before, I'm at the tail end of a major home renovation. We put new gray stucco on the exterior of the house, and now wondering what to do with this hideous brick. The previous exterior was tex-cote in pale yellow. https://i.imgur.com/ZATBhbf.jpg We could've just stucco'd over the b...
by unclescrooge
Mon Nov 06, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: Dividends make up for high mutual fund fees
Replies: 31
Views: 2112

Re: Dividends make up for high mutual fund fees

We were visiting family last week and the topic of investing came up, never something I want to discuss with family. In any case, one family member was touting a certain fund company. I'm familiar with them but don't own them. Their management fees are significant, 1.5% is common and their returns ...
by unclescrooge
Sun Nov 05, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: What are your thoughts on buying a car wash? Good investment or is there a catch?
Replies: 46
Views: 4142

Re: What are your thoughts on buying a car wash? Good investment or is there a catch?

A friend of mine bought a frozen yogurt place in Los Angeles a few years ago. After running it for 2.5 at almost breakeven (and not staying drawing a salary for his 10-15/week) he sold it for 20% less than he bought it. The same story was repeated with someone I know who bought a cold stone creamery...
by unclescrooge
Sun Nov 05, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]
Replies: 27
Views: 4797

Re: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]

Hard money loans in real estate are often 8% - 12%. I've personally borrowed at 12%. You usually get this sort of loan when the property is in such a state of disrepair that it doesn't qualify for conventional financing. If a property is worth $500k, but needs $100k of work, an investor could pay $2...
by unclescrooge
Sun Nov 05, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4099

Re: Inexpensive house or condo as home base (MKE?)

percy wrote:
Wed Nov 01, 2017 1:21 pm
unclescrooge wrote:
Wed Nov 01, 2017 3:56 am
Have you looked at housing in Thailand or Bali?
Yes, in Thailand.
And what did you conclude?