Search found 3624 matches

by barnaclebob
Thu Jul 18, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: wine in cans
Replies: 16
Views: 887

Re: wine in cans

So, a general problem with this concept (as well as, for me, wine in boxes), is that at least part of the experience of any consumption (not just of wine, but of other drinks, foods, etc.), is the environment. It's why an otherwise so-so hot dog can be especially good at a baseball game on a nice s...
by barnaclebob
Thu Jul 18, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 64
Views: 4149

Re: Has anyone seen the documentary "Playing with FIRE?"

Looks like the movie will hit on a thought I've had from the beginning; I came from a very poor town in eastern Arkansas, where even today, the per capita household income is ~ 18K/year. So from my POV, I saw a great many people living on not a lot of money per year all growing up, but I'll tell yo...
by barnaclebob
Thu Jul 18, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Extended warranty for kitchen appliances
Replies: 15
Views: 425

Re: Extended warranty for kitchen appliances

I purchased the 5 year warranty from Home Depot for my LG fridge due to bad reviews on the fridge. I'm ready for a fight and don't anticipate them easily handing over a 3k check if they are unable to fix the thing if it breaks. Normally I'm very anti warranty.
by barnaclebob
Thu Jul 18, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 124
Views: 11160

Re: House not appraising for amount we were offered!

We built a very nice pole barn in 2012 that cost 21k and he assigned a value of only 20k to that building! I'd argue you got lucky there. Surely there has been more than $1000 of depreciation to your pole barn in 5 years. Also kitchen updates are definitely not 1:1 on raising the value of your hous...
by barnaclebob
Wed Jul 17, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 61
Views: 4576

Re: Take the cash or the free dinner?

OP, I'm curious if you know or can guess how they qualified you for this offer. It strikes me as unusually high/generous, and that somehow they knew/guessed, at a minimum, that you were pretty wealthy, and perhaps that you're open to paying for pricey financial services. Pricey house/expensive zip ...
by barnaclebob
Wed Jul 17, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 49
Views: 2736

Re: Garage Organization

For your hand tools something like this could probably work well: https://www.homedepot.com/p/Husky-72-in ... /302255875
by barnaclebob
Wed Jul 17, 2019 1:21 pm
Forum: Personal Investments
Topic: Counseling a Colleague About Their Financial Advisor
Replies: 30
Views: 1925

Re: Counseling a Colleague About Their Financial Advisor

Your friend likely wont listen because believing in what you say will cause them to have to come to terms with the reality that they've thrown away tens if not a hundred thousand dollars. It is human nature to not want to look like a fool. In some cases this urge can be so strong that you literally ...
by barnaclebob
Wed Jul 17, 2019 1:05 pm
Forum: Investing - Theory, News & General
Topic: [Merrill Lynch charges high fees]
Replies: 43
Views: 3946

Re: [Merrill Lynch charges high fees]

I would call and ask to speak to or set up an in person meeting with that advisor's supervisor to see if they can make this right. And if they did not fix it,, I would let Merrill Lynch know that unless they fix it, ie reimburse you for those egregious fees, you would be plastering this same inform...
by barnaclebob
Wed Jul 17, 2019 10:12 am
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 100
Views: 6957

Re: Switching from passive to active management

This is spot-on. If all these extremely wealthy people trust them, it surely means they’re better than the super cheap 3-fund portfolio that everyone can afford at Vanguard... How many times have you heard someone who is extremely intelligent in one area of life, doctors, engineers, lawyers say som...
by barnaclebob
Tue Jul 16, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4672

Re: Do you care about your home appreciating?

It is possible for one price point of house to increase at a greater % than another price point. I think we benefited from this when upgrading in the Seattle area. In our northerly suburb, starter houses went from 300k to 500k, while houses in the 1mil range might have only gone up to 1.3 mil. Due t...
by barnaclebob
Tue Jul 16, 2019 5:06 pm
Forum: Personal Investments
Topic: Edward Jones trap
Replies: 69
Views: 10784

Re: Edward Jones trap

I am now facing this situation with our son... Over the years I had setup a Schwab brokerage account for him - as a toddler - and then aged out to normal status. It was mostly kid stocks, and then later on added some vanilla ETFs like VTI and other segments. Just recently setup a Vanguard Roth IRA ...
by barnaclebob
Tue Jul 16, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2712

Re: Being a hands off homeowner

We DIY all cleaning, lawn mowing/landscaping, snow removal and a lot of basic renovation work (interior painting, light electrical and plumbing, etc)... and yet still manage to spend at least 1% of those house market value each year or more on major projects we contract out. If you hire EVERYTHING,...
by barnaclebob
Tue Jul 16, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2712

Re: Being a hands off homeowner

You'll either spend time doing it yourself or spend the same amount of time trying to find someone who will unless its a major project. Dealing with contractor appointments is extremely frustrating.

If you buy a new house the odds are that it will be fairly maintenance free for a good decade.
by barnaclebob
Mon Jul 15, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Can the dealer be trusted?
Replies: 17
Views: 1887

Re: Can the dealer be trusted?

I am not sure why the constant dealership disrespect on this board. I've been in the automotive repair business for almost 40 years and worked at, or with, several types of repair facilities. By far, the best trained, the highest credentialed, and most ethical have been dealership technicians. The ...
by barnaclebob
Mon Jul 15, 2019 5:38 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3835

Re: Poor financial advisor performance

Go back to doing it yourself. You can tell your current advisor until you are blue in the face that you are dissatisfied and that isn’t going to raise the performance of your funds. Your going to have the same issue with any other advisor unless they recommend index funds. OP has had a terrible DIY...
by barnaclebob
Mon Jul 15, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 124
Views: 11160

Re: House not appraising for amount we were offered!

It's frustrating to me because I've got a couple willing to pay 257k, but the appraiser basically puts a cap on the loan when he came in 27k light!!! This doesn't seem like a free market enterprise to me. The nuance is that the couple isn't willing to spend their own money on the house but the bank...
by barnaclebob
Mon Jul 15, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Referral for Financial Planner
Replies: 17
Views: 1241

Re: Referral for Financial Planner

This forum generally recommends a DIY approach because even good financial planners are very expensive over the long run when their fees are added up. If you post your situation in the standard format you can get a lot of neutral and unbiased help for free right here. Investing and retirement planni...
by barnaclebob
Mon Jul 15, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7523

Re: No A/C in Office [not a safe work environment]

stop wearing deodorant and sit next to the boss for afternoon meetings.
by barnaclebob
Mon Jul 15, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 83
Views: 6808

Re: Tenant turned off all utilities advice please!!

This is very clear. If your brother can't even figure this out, he has no business being a landlord. He should clean up the house, put it on the market and sell it. If he doesn't, I predict it will be a huge money drain on him. .....had the house cleaned 3 times because the tenant complained....tha...
by barnaclebob
Mon Jul 15, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 124
Views: 11160

Re: House not appraising for amount we were offered!

If you put it back on the market because the buyers wont cover the gap then you'll want to make sure your next buyer can cover that gap. This means all cash offers or a contingency that specifically states the buyer will cover up to XX,000 of an appraisal shortfall. A lot of people feel like they ar...
by barnaclebob
Fri Jul 12, 2019 5:01 pm
Forum: Personal Investments
Topic: Refinance 30yr - 4.75%?
Replies: 34
Views: 2414

Re: Refinance 30yr - 4.75%?

It will almost guaranteed to be a good time to refi if you are at 4.75%. I just locked in a 15yr at 3.375%, current loan is 20yr 4.125% that I originally got in Dec 2017. Break even time was about a year since I didn't even need to get another appraisal (<40% LTV)
by barnaclebob
Fri Jul 12, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: priority of supporting parents vs saving for college
Replies: 54
Views: 3446

Re: priority of supporting parents vs saving for college

If either of my parents or in laws need money from us it will probably because they squandered their money. Its really only a risk for one of them. In that case I'll make sure they have the basic needs covered but nothing beyond that. I'm fortunate that if we have kids, college is already paid for v...
by barnaclebob
Thu Jul 11, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1350

Re: Car DIY, NYC.

Basically you can only do the cabin air filter, engine air filter, wiper, light bulbs, battery, and top off fluids. Depending on the car you might also be able to do spark plugs and accessory belts. And if you are really sporty and have an auto parts store where you can rent tools for free you might...
by barnaclebob
Thu Jul 11, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 3141

Re: Avoid MD-88s [commercial aircraft]?

I don't particularly like the DC-9 and its later variants, but I've never felt unsafe on one, and I used to travel in them a lot. Even the DC-10 doesn't scare me, despite its troubled history, including the fact that Flight 191's crew thoroughly followed written procedures, which it turns out ensur...
by barnaclebob
Thu Jul 11, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Why Is Cord Not Included?
Replies: 32
Views: 3838

Re: Why Is Cord Not Included?

erictiger12 wrote:
Wed Jul 10, 2019 11:05 pm
For electric range (220v), most are hardwired. So no cord is needed.
I dont think this is true or its very local if it is in your area. I think however that built in wall ovens might mostly be hardwired.
by barnaclebob
Thu Jul 11, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 87
Views: 4235

Re: Automatic Watches

What exactly do you do that requires accuracy to within 1 minute per week? Should I forget to adjust the watch periodically, I could find myself rushing to the station to catch the 10:05 train only to find out that it left 2-3 minutes ago. I'm not interested in the watch as jewelry or to make a sta...
by barnaclebob
Wed Jul 10, 2019 5:38 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

It's a fair enough point that there's some degree of embedded hypocrisy in the argument, but the slope is indeed slippery here. Many retail stores sell billions of dollars of cigarettes every year. Paper companies make money supplying PM with raw materials. Purity just seems not worth pursuing. Loo...
by barnaclebob
Wed Jul 10, 2019 4:14 pm
Forum: Personal Investments
Topic: How to best unload shares?
Replies: 21
Views: 1020

Re: How to best unload shares?

Hi all, I apologize if this is a stupid question, but I'm very new to investing and am asking for a relative: A retired 63yo relative of mine inherited ~300 shares of P&G stock about 15 years ago. It's in an account at P&G which is set up to auto reinvest the dividends. He has ~430 shares now, whic...
by barnaclebob
Wed Jul 10, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 87
Views: 4235

Re: Automatic Watches

Half the fun of having a mechanical watch is looking at it and playing with it. The amount of drift probably heavily depends on brand and your activity level. It shouldn't be too hard to resync it to your computer or phone clock every week or so.
by barnaclebob
Wed Jul 10, 2019 2:48 pm
Forum: Personal Investments
Topic: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?
Replies: 33
Views: 3402

Re: Safest way to invest $1 mil for individual with cognitive impairment to protect their assets?

I would think that if a person has been diagnosed with cognitive impairment, and has been a victim of multiple scams, then it’s obvious that person can really no longer manage their own financial affairs, and needs a guardian to do so. I would see an attorney, perhaps one that specializes in elder ...
by barnaclebob
Wed Jul 10, 2019 1:15 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

I used to own Philip Morris and Altria stock despite being generally anti-smoking in my personal life. I didn't contribute to a single person's choice to smoke. I bought and sold shares in a secondary market, gave no money to Philip Morris, and their products are sold because of legal customer dema...
by barnaclebob
Wed Jul 10, 2019 12:39 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

Until we transition to so Star Trek like society if you look close enough you'll find that its practically impossible to avoid evil and immorality in our current economic system. Focus on other ways to make yourself feel better.
by barnaclebob
Wed Jul 10, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Friend's car caught in flood ?
Replies: 43
Views: 2520

Re: Friend's car caught in flood ?

The car has been flooded and should be totaled. It will probably never run and work right again. He should call his insurance company and get them involved. They will total the car and give him replacement value. Good Luck. PS. A similar thing happened to my son. His car was parked near his lake co...
by barnaclebob
Wed Jul 10, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1698

Re: Home Refinance

...keep in mind you'll be re-amortizing back to a 30 year loan. So, your payment will be smaller, but you will have added two more years of high-interest payments, because loans are front loaded with interest. The term "front loaded" is frequently misused to make people think that they are paying "...
by barnaclebob
Wed Jul 10, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Home Refinance
Replies: 25
Views: 1698

Re: Home Refinance

...keep in mind you'll be re-amortizing back to a 30 year loan. So, your payment will be smaller, but you will have added two more years of high-interest payments, because loans are front loaded with interest. If OP's principle is the same he wont be paying more in interest at the start of the loan...
by barnaclebob
Wed Jul 10, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Friend's car caught in flood ?
Replies: 43
Views: 2520

Re: Friend's car caught in flood ?

Sounds like his only option is to wait and see, hoping that it didn't get into the engine or transmission and if not sell the car for scrap. I wouldn't hold my breath though and he should probably at least disconnect the battery and park it in a sunny location?
by barnaclebob
Wed Jul 10, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1294
Views: 122065

Re: S&P 500 hit 3,000 today

DaftInvestor wrote:
Wed Jul 10, 2019 9:17 am
Now its only 2997 - uh-oh.
Should I go to all bonds?
by barnaclebob
Tue Jul 09, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Virgin Mobile has become a joke for NYC service
Replies: 16
Views: 1112

Re: Virgin Mobile has become a joke for NYC service

Try looking for neighborhood groups on nextdoor or facebook to get information on the cell reception where you live rather than a nationwide message board.
by barnaclebob
Tue Jul 09, 2019 10:46 am
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 90
Views: 7604

Re: Help - Talk to me like I'm 4 y/o please

Also, this advisor really is my friend... we travel together, she was at my son's adoption hearing, we are very close, but if anything that's why I'm even more upset about it and why it feels right to separate the finances with any relationship we may have after this. For what it's worth, I suspect...
by barnaclebob
Tue Jul 09, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Storm damage on a wharf not covered by home insurance!
Replies: 11
Views: 1066

Re: Storm damage on a wharf not covered by home insurance!

I asked my insurance agent if I didn't have earthquake coverage and an earthquake caused a fire, water damage from broken pipes, or landslide would I be covered and she said yes. Just structural damage caused by the shaking would not be covered, so they wouldn't fix the broken pipe itself but would ...
by barnaclebob
Tue Jul 09, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 6226

Re: Buying a Smoker

There have been several threads on smokers here if you want more opinions. But yeah that Brinkmann is a piece of junk. My large sized (22"?) Weber Smokey Mountain isn't quite set and forget from start to finish, I check on it every few hours while working around the house. My brother trusts his to g...
by barnaclebob
Mon Jul 08, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Best Practices for longer-term house guests?
Replies: 35
Views: 3272

Re: Best Practices for longer-term house guests?

I tell my guests that the number one thing they can do to reduce my stress is to help keep the kitchen free of dirty dishes no matter who made the mess.
by barnaclebob
Mon Jul 08, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: When to use a fuel stabilizer - for cars, boats, lawn mowers, etc?
Replies: 47
Views: 2749

Re: When to use a fuel stabilizer - for cars, boats, lawn mowers, etc?

I've never used it on either of my 4 stroke pieces of lawn equipment in 10 years nor have I avoided gas with ethanol in it. Our winters aren't particularly hard, but they are humid, and it might be 5 or 6 months of storage time with whatever gas is left. The Snapper mower usually starts on the 1st o...
by barnaclebob
Sat Jul 06, 2019 5:40 pm
Forum: Personal Investments
Topic: Anyone here investing in Prison REITs?
Replies: 30
Views: 2663

Re: Anyone here investing in Prison REITs?

One big political risk might also be the legalizationg of marijuana. It will dry up their supply base.
by barnaclebob
Fri Jul 05, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refi at this rate?
Replies: 31
Views: 2793

Re: Refi at this rate?

How quickly are you planning to pay off the house?
by barnaclebob
Fri Jul 05, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4710

Re: Reservations about purchasing a 16 year old house

michaeljc70 wrote:
Thu Jul 04, 2019 11:24 am
If you buy a house with newer systems that costs $30k more (all other things being equal), I don't see how you come out ahead.
Not to mention it would all be crappy builder grade stuff on a new home. When something breaks on the 16 year old house, OP can buy quality stuff.
by barnaclebob
Wed Jul 03, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6087

Re: Adult son has not controlled credit card overuse!

I can't imagine my dad having access to my savings account and credit report. Can you? Well, when people are drowning, they can't be too picky at what they are asked to share. I certainly wouldn't be apt to help much unless I knew what the true picture of the need actually was. That is the price on...
by barnaclebob
Wed Jul 03, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6087

Re: Adult son has not controlled credit card overuse!

DM200, I am very sorry that you're going through this. I'm sure that it's painful to watch. As mentioned briefly above, it's not just about the money. It's a behavioral issue. It should be tackled that way. There's no way you should pay off any of his loans, and it sounds as if you've reached that ...
by barnaclebob
Wed Jul 03, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 10103

Re: The Day Has Come - Hit Retirement Number - Now What?

Start giving your real opinion at work and watch yourself get promoted for having a bold vision.
by barnaclebob
Wed Jul 03, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6087

Re: Adult son has not controlled credit card overuse!

The only help you give him should be coming from your mouth, not your wallet.
Kenkat wrote:
Wed Jul 03, 2019 11:57 am
With a debit card, you no have money, you no buy.
Not true with overdraft protection.