Search found 1368 matches

by Nowizard
Mon Apr 23, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: The Limits of Modern Portfolio Theory - Do Investors Understand What They Own?
Replies: 16
Views: 1843

Re: The Limits of Modern Portfolio Theory - Do Investors Understand What They Own?

I suspect most people do not know what they own. They may know many statistics about a particular stock or fund, use portfolio theory, etc. but it is doubtful they have researched the individual stocks or funds in depth as opposed to using data from those who have. Probably not an issue for anyone o...
by Nowizard
Mon Apr 23, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 94
Views: 4983

Re: Do you buy new or used cars?

I am not a car person, my wife is to the extent that she wants the latest features, though that may mean a sporty car at one point or a very practical one at another. For example, she now drives an Odyssey even though our children are adults ("Why not? It has great gas mileage, uses regular, drives ...
by Nowizard
Thu Apr 19, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 166
Views: 10748

Re: Is Los Angeles a good place long term to live financially?

No one moves to LA "for" the COL which is insane. You will have to determine for yourself whether the lifestyle justifies the COL. Beautiful places to visit in the area, if you can get there due to the traffic! Saw today that it has the highest level of air pollution in the country in terms of ozone...
by Nowizard
Wed Apr 18, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9331

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Basically, many offices would say they will not negotiate on the part that represented an unmet deductible. They are essentially subsidizing a contractual portion of your insurance policy, a part of that is your responsibility to know about. I do not mean for this to be harsh, but doctors are in the...
by Nowizard
Wed Apr 18, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 158
Views: 16218

Re: anyone else not liking the new cars?

Absolutely detest grill on new Lexus automobiles. Deal-killer for sure.

Tim
by Nowizard
Wed Apr 18, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2349

Re: 2018 Honda Fit EX

Saw one on a lot yesterday. Dealer had added all of the typical junk such as paint protection, dent protection (New one to me), well mat, etc. that added up to $3,000+ for items probably costing the dealer $200. Hopefully, this is not a national trend.

Tim
by Nowizard
Sun Apr 15, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11366

Re: What is your AA, given your age? and, Why?

We are in our 70's and have a 60/40 stock/bond ratio. There is sufficient flexibility within total assets as to allow a more aggressive approach than most would recommend.

Tim
by Nowizard
Sun Apr 15, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8080

Re: Should we save for our son's college?

Broader question is should you save? Answer is definitely a resounding "Yes." What you do with the savings is your choice, however. If you save an amount that you believe will go to pay for college or graduate school expenses and do not use it for that purpose, you have still made a wise decision. M...
by Nowizard
Sun Apr 15, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Dealing with claustrophobia
Replies: 4
Views: 487

Re: Dealing with claustrophobia

If you are "Slightly" claustrophobic, meaning that there is discomfort in some situations but it does not interfere significantly with your daily life, then you are in frequent company among those facing an MRI. You will get advice in many places about seeking therapy, hypnotic training, etc., but a...
by Nowizard
Sat Apr 14, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3500
Views: 986971

Re: What Movie Have You Recently Watched?

Nothing on television of interest last night and had access to "Three Billboards Outside Ebbing Missouri." It was very well done, Frances Dormand deserved her Academy Award, Woody Harrelson was excellent, and the movie was very engaging even though it did have some scenes that took liberty with like...
by Nowizard
Sat Apr 14, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Cedar Fence: is Maintenance required?
Replies: 30
Views: 1974

Re: Cedar Fence: is Maintenance required?

Our fence is treated pine that has been painted. It has been painted twice in ten years and looks great today. It is approximately 200 feet long, six feet high. It can be painted with a roller and touched up with a brush for spots that do not cover in less than a day. Much less expensive than cedar ...
by Nowizard
Wed Apr 11, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Periodontist at fault?
Replies: 33
Views: 3184

Re: Periodontist at fault?

Our dentist simply recommends filling in the area between the top of the tooth and the gum line, assuming no infection or countering problem, not even that unless there is sensitivity.

Tim
by Nowizard
Tue Apr 10, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roths are our only retirement option. Should we use them to hold equities?
Replies: 13
Views: 1029

Re: Roths are our only retirement option. Should we use them to hold equities?

Basic guideline: If you think your marginal tax rate in retirement will be lower than during working days, put money into a traditional IRA, if higher, then a Roth. Not sure why you say a Roth is your only option.

Tim
by Nowizard
Tue Apr 10, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Persian Rug Passed Down From Grandmother
Replies: 28
Views: 2059

Re: Persian Rug Passed Down From Grandmother

It is, unfortunately, much like treasured dishes, loved but as estate sale folks say, "You can't give them away to your children or sell them to anyone else" in most cases. We are in the same situation.

Tim
by Nowizard
Tue Apr 10, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 37353

Re: Name something you bought that wasn't cheap and glad you did

I love Kinsale, Ireland's cut glass tumblers, glasses and other items. Basically, they use designs similar to Waterford crystal but in the heavier form no longer typically (Ever?) used by Waterford. A whisky, not Whiskey since Scotland and Ireland do not use the "e", tumbler is approximately $75, pl...
by Nowizard
Mon Apr 09, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Toyota 4 Runner
Replies: 38
Views: 3089

Re: Toyota 4 Runner

I have had a 2005 4-Runner, purchased new, and now drive a 2015 4-Runner, also purchased new. My son has the 2005, and it is continuing to run well at 160,000 miles. When transferring it to him, the mechanic offered me $8,500 for it, saying it had the 4-Runner has best engine he has worked on (He ha...
by Nowizard
Sun Apr 01, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: What is the likely future value of $200K in 30 years versus what Fidelity thinks?
Replies: 28
Views: 3686

Re: What is the likely future value of $200K in 30 years versus what Fidelity thinks?

No, it just provided columns that reflected the annual totals, assuming continued contributions and use of the recommended profile. It is a quite fascinating document that was, I am sure, provided with the thought typically reflected by Vanguard.

Tim
by Nowizard
Sun Apr 01, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: New car from dealer may have close to 150 miles - ok?
Replies: 66
Views: 5757

Re: New car from dealer may have close to 150 miles - ok?

DM200: The primary difference among dealers, of course, is related to their particular circumstances. I can assure you that I am not one of those people the dealers love to see coming when the negotiation for price occurs. I would love to see someone who could negotiate a lower documentary fee since...
by Nowizard
Sun Apr 01, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: What is the likely future value of $200K in 30 years versus what Fidelity thinks?
Replies: 28
Views: 3686

Re: What is the likely future value of $200K in 30 years versus what Fidelity thinks?

When we first transferred our assets to Vanguard, they offered a free financial update with projections based on data provided. Data was very extensive, and we have basically followed the recommendations, though being approximately 6% more aggressive with stock allocation. We look at the projections...
by Nowizard
Sat Mar 31, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 22694

Re: In what ways could BogleHeads be badly wrong ?

Well, Buffett would say putting all assets into a 500 fund is the way to go over the long haul.

Tim
by Nowizard
Sat Mar 31, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Does agent get paid if property taken by eminent domain?
Replies: 13
Views: 1817

Re: Does agent get paid if property taken by eminent domain?

Eminent domain question is for the attorneys posting, but the Realtor would receive a commission if property is purchased during the Protection Period, as we know from having a house on the market currently. There are often exclusive contracts obtained by Realtors both for representing a buyer or a ...
by Nowizard
Sat Mar 31, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: New car from dealer may have close to 150 miles - ok?
Replies: 66
Views: 5757

Re: New car from dealer may have close to 150 miles - ok?

As others have said, they want to sell it, and you quite possibly could buy it for less where it is now. The mileage is not the issue, but the dealer receiving the automobile will very likely negotiate a price covering the transfer cost, which you will pay. Also, different states and localities (Unl...
by Nowizard
Tue Mar 27, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9361

Re: Blasphemy... DO PEEK!

Agreed. If the market is moving upward, then it is enjoyable to look. If it is moving downward, and you have a more conservative portfolio where you have focused on the overall percentile of your portfolio being below the 50th percentile, you can take some solace in "losing less than the market" dur...
by Nowizard
Tue Mar 27, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I invest TODAY?
Replies: 10
Views: 1286

Re: Where do I invest TODAY?

For TODAY, the possibility of trade wars suggests international; for the long haul, others have given good advice that basically says follow your IPS.

Tim
by Nowizard
Mon Mar 26, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Underrated places to visit in U.S.?
Replies: 126
Views: 11180

Re: Underrated places to visit in U.S.?

Not underrated, but New Orleans is fun. Memphis, Tennessee is a great place to visit for several days. Great BBQ but many other fine food restaurants at a bargain compared to more cosmopolitan ones. Civil Rights Museum, Beale Street, Graceland, FedX at the airport, Gibson Guitar, etc.

Tim
by Nowizard
Fri Mar 23, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: I am a newbie country hick and
Replies: 20
Views: 1775

Re: I am a newbie country hick and

If you have 900K invested with Vanguard, that would give you access to additional services. You might want to take a look at what they offer. However, if you suddenly came up with these "few dollars," and you have little investing experience, of course you are concerned. A first step would be to not...
by Nowizard
Wed Mar 21, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: Scottrade to Ameritrade
Replies: 5
Views: 591

Re: Scottrade to Ameritrade

The issue was I did not know when the stocks were purchased or the cost. However, after calling Customer Service, I discovered the problem was unfamiliarity with negotiating their web site. The data are there in appropriate form and even indicate the current amount of LT vs. ST gains. The issue was ...
by Nowizard
Tue Mar 20, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Considering a change in asset allocation; tell me if I'm approaching this the right way
Replies: 26
Views: 2557

Re: Considering a change in asset allocation; tell me if I'm approaching this the right way

You will find varying opinions on U.S. vs. international equity. We are among those who split equity between U.S. and international. Both approaches are acceptable. Some analysts say now is potentially a positive time to add international equity if one has decided to include it since international m...
by Nowizard
Tue Mar 20, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: TV and set up recommendations for above fireplace
Replies: 35
Views: 2306

Re: TV and set up recommendations for above fireplace

Most mounts allow you to tilt the TV forward and/or lower it. It is best to have a professional or the company where the TV is purchased to install the mount. COSTCO, for example, might sell for a better price, but does not install a mount or recommend an installer due to insurance concerns. We have...
by Nowizard
Tue Mar 20, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Discovered mistake on 2014 return—owe money
Replies: 23
Views: 3136

Re: Discovered mistake on 2014 return—owe money

I unintentionally failed to file an 8606 for my spouse and I for two years in the past (It did not involve a change in tax owed). Realizing this, I filed the four, delinquent forms and included a $200 check for the $50 penalty for failure to file each form. A letter was received from IRS asking what...
by Nowizard
Tue Mar 20, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2138

Re: Is a Model Release normal for wedding videography?

Strike it out. It is another example of businesses wanting to protect themselves while reducing potential rights of the customer. Though you could be considered overly detailed or self-righteous, you can either eliminate the clause, expect a reduced cost in order to grant the rights or select anothe...
by Nowizard
Mon Mar 19, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: Scottrade to Ameritrade
Replies: 5
Views: 591

Scottrade to Ameritrade

As a former Scottrade client, I had two individual stocks purchased at least two years in the past. After the transition to Ameritrade, the account does not indicate any data on when the stocks were purchased or cost/basis. Does anyone know whether that data were migrated to Ameritrade, and if not h...
by Nowizard
Thu Mar 15, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Cash in Portfolio Visualizer
Replies: 4
Views: 294

Re: Cash in Portfolio Visualizer

It is similar with Morningstar X-Ray when getting Stock/Bond ratios. It will give the percentage of cash held in the funds entered, and it will accept cash as an entry if entered CASH$, but the percentage of actual cash is not added to the cash held by funds. You have to figure that manually to dete...
by Nowizard
Wed Mar 14, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 124
Views: 11850

Re: Why International again?

The debate centers around whether international is necessary rather than whether it is a poor investment. It provides further diversification, but it does require additional analysis in order to incorporate another fund in one's portfolio. Occam's Razor supports adopting the simplest explanation tha...
by Nowizard
Wed Mar 14, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 785
Views: 143925

Re: Boglehead Beer

Yuenling and Dos Equis.

Tim
by Nowizard
Wed Mar 14, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Incorrect medical report
Replies: 31
Views: 2062

Re: Incorrect medical report

Send a letter with the correction you would like to make, have it entered into your record and a letter sent to you indicating that has occurred. You are also allowed to read your own file which would then have an entry validating that had occurred and including any changes or requested changes you ...
by Nowizard
Wed Mar 14, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2366

Re: Pay cash or go crazy (and take 2.5% loan and invest

Seems your decision is clear if taking the loan will cause you to "go crazy." :happy However, some of us would have been more likely to go crazy if we did not take the loan!

Tim
by Nowizard
Wed Mar 14, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Should a recent college grad look for a job in the Bay Area or Texas?
Replies: 39
Views: 2672

Re: Should a recent college grad look for a job in the Bay Area or Texas?

+1 for the concept Northtexan expresses. The interaction between income and personal preferences (Not limited to politics) is a crucial factor in overall satisfaction. A physician is quite likely to ultimately have adequate income wherever they reside. Though there will be more or less income in som...
by Nowizard
Wed Mar 14, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: A Vanguard mutual fund exchange gone awry...
Replies: 5
Views: 987

Re: A Vanguard mutual fund exchange gone awry...

We recently made some quite significant and complicated changes within our Vanguard portfolios involving substantial assets. It involved checking many calculations to determine the accuracy of the changes. Ultimately, the differences between our calculations and those of Vanguard were different by $...
by Nowizard
Wed Mar 14, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9093

Re: Can I take an 85+% pay cut for fun?

Nova: I have three friends, one who was a priest, two who were nuns, that are now more satisfied after leaving the priesthood and their orders as nuns. Your comment just struck me as reflecting how both pragmatic decision making and personality interact in major decisions. The opinions in another th...
by Nowizard
Tue Mar 13, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Who's doing 100% international equity?
Replies: 79
Views: 8822

Re: Who's doing 100% international equity?

We are split between U.S. and International but currently add new contributions to International. Though we will ultimately keep the same ratios, International stocks have not recovered to the same degree as U.S. stocks and appear to us to be a better place to put new money since placing in either o...
by Nowizard
Tue Mar 13, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12414

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

A liberal arts education is an excellent degree. In our state, a liberal arts college is the highest ranked college or university. Learning to write, use languages from another country, and exposure to a variety of other areas is invaluable. It is not inconsistent for such schools to have strong pro...
by Nowizard
Sun Mar 11, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Drunk investor [Liability for uncovered account?]
Replies: 16
Views: 2897

Re: Drunk investor [Liability for uncovered account?]

The company simply knows the trade was made and that the inability to cover the trade is the problem of the theoretical purchaser, not theirs, other than collecting on the transaction. I suspect a key is whether the individual contacts the appropriate party, explains that the error was made and pays...
by Nowizard
Sun Mar 11, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9093

Re: Can I take an 85+% pay cut for fun?

Classic conflict of one's view of personal values and responsibility, life balance and choice of self or others when the choice impacts others as well as self. It would seem that the issue is posed as either/or........continuing to be miserable while earning a nice income or taking a job you would p...
by Nowizard
Sun Mar 11, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Should I Take MY RMD Now Or Wait Until Later In The Year?
Replies: 20
Views: 1618

Re: Should I Take MY RMD Now Or Wait Until Later In The Year?

Individual circumstances may determine the choice. For example, those who are taking MRD's but do not need the money immediately may have a different opinion from those who have set budgets including spending the MRD. We take ours early, using it as part of a rebalancing strategy, simplification of ...
by Nowizard
Fri Mar 09, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: MD-Phd (Harvard) vs MSTP (School X)
Replies: 44
Views: 3693

Re: MD-Phd (Harvard) vs MSTP (School X)

Having a son who choose another, top school based on mentorship, and his wife who chose Harvard, I would say both made the best choice for themselves. That is the route of caring parents, in my opinion........to aid in elucidation of the options while leaving the decision to the child.

Tim
by Nowizard
Fri Mar 09, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: As a home buyer, do you use your own realtor or agent?
Replies: 25
Views: 2089

Re: As a home buyer, do you use your own realtor or agent?

As someone who is both selling and looking, here are some impressions. Realtors dislike Zillow, primarily due to the fact that they feel their Zestimates are inaccurate from including large, geographic areas to determine their figures. However, lookers go there. For example, we have been listed (Sel...
by Nowizard
Thu Mar 08, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a 760K home
Replies: 32
Views: 2904

Re: Can we afford a 760K home

Another issue is whether a lender thinks you can afford it. There is a current article on Morningstar.com that discusses how lenders evaluate to determine loan limits. For example, most say 28% of income is a maximum amount for loan repayment and 36% for total debt repayment from monthly income. Tim
by Nowizard
Tue Mar 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA
Replies: 19
Views: 1679

Re: 32/M seeking advice on investing excess income in non-retirement accounts after maxing out 401K/IRA

There is much others have said that makes great sense, particularly in the Boglehead manner focusing on the "Steady wins the game" approach. A Devil's Advocate could say that you are off to an excellent start, as others said, while pointing out that you are young and have a long investing period ahe...