Search found 7005 matches

by Jack FFR1846
Mon Jun 25, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: VTI -> VTSAX
Replies: 5
Views: 223

Re: VTI -> VTSAX

Vanguard Total Stock Market Index Fund Admiral Shares MUTF: VTSAX Vanguard Total Stock Market ETF NYSEARCA: VTI At the risk of not paying attention, I copied both symbols. Why would you sell one of these to get the other? To answer your question....I would keep the VTI that you currently have and si...
by Jack FFR1846
Mon Jun 25, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Sudden appearance of multiple buyers real or negotiation tactic?
Replies: 29
Views: 1695

Re: Sudden appearance of multiple buyers real or negotiation tactic?

I would tend to revise my offer $100 lower than the previous offer. My message to the seller: "If you really have another, better, real offer, then take it. If not, don't expect to squeeze more from me".
by Jack FFR1846
Sat Jun 23, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Vanguard Complaint in 30 years
Replies: 16
Views: 2913

Re: 1st Vanguard Complaint in 30 years

celia makes a good point. I rolled some money from Fidelity into Vanguard maybe 5 years ago. It involved waiting for snail mail forms and then more forms because they forgot some. I filled them out and mailed them back. The mail time was significant with respect to the whole process. I later opened ...
by Jack FFR1846
Sat Jun 23, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: car for long-distance driving
Replies: 48
Views: 2506

Re: car for long-distance driving

The ride and passenger space are far better in the Legacy. This characteristic was amplified when my older weight lifter son constantly complained about the lack of room and the ride over bumps. We love the ground clearance of the crosstrek and it's been good on gas but there's no comparison in ride...
by Jack FFR1846
Sat Jun 23, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 39
Views: 3316

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

My baseless prediction: Fees will go to zero and then we will be paid to invest. My son asked me to take a look at his 401k at Fidelity where his first paycheck made a contribution. The S&P fund there is 0.01283%. Yes....less than half of what SCHB charges. I'm sure the company pays some fees. But I...
by Jack FFR1846
Sat Jun 23, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: car for long-distance driving
Replies: 48
Views: 2506

Re: car for long-distance driving

We just went through this and had decided either crosstrek or impreza. Neither save you a dime going used. After a couple complaint filled short trips with the family in our 13 crosstrek and 14 wrangler 4 door, I made the executive decision to go bigger. We ended up with a 17 Legacy limited. Legacys...
by Jack FFR1846
Sat Jun 23, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Can One Keep Trial Deposits?
Replies: 30
Views: 4350

Re: Can One Keep Trial Deposits?

For those of you who are thrilled to keep that $0.18 deposit, look up "small balance forgiveness". I'm happy to claim $8 in free gas every month
by Jack FFR1846
Sat Jun 23, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Escrowing mortgage and real estate taxes
Replies: 11
Views: 527

Re: Escrowing mortgage and real estate taxes

Only if the mortgage holder requires it. I have never been required to have these in escrow
by Jack FFR1846
Sat Jun 23, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: What am I overlooking?
Replies: 16
Views: 1297

Re: What am I overlooking?

Sorry, I just can't get past having only $10k in an emergency fund. $100k would be fine. Lose your job and you barely cover a month
by Jack FFR1846
Fri Jun 22, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: POS Terminals & Tablets [Point of Sale]
Replies: 3
Views: 268

Re: POS Terminals & Tablets

I turn them away from me. I typically can't use one because I pay with a combination of an online coupon, a gift card with only a few $$ left on them and finish with a credit card.
by Jack FFR1846
Fri Jun 22, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: Am I wasting money on my old car?
Replies: 28
Views: 2335

Re: Am I wasting money on my old car?

I say fix it. Does a 6 year old Corolla or Mazda 2 have a timing belt? If so, and the belt has not been changed, then guess what? You'll need to immediately change the belt.
by Jack FFR1846
Fri Jun 22, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Avoiding Capital Gains Tax
Replies: 16
Views: 1621

Re: Avoiding Capital Gains Tax

You can designate which purchases you want to sell. I've done this very easily at Schwab in a taxable account. In my case, I was tax loss harvesting....selling shares at a loss and purchasing similar types of shares, but not the same thing to get the loss and to stay in the market. If you have no sh...
by Jack FFR1846
Fri Jun 22, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: How to get cheap flights?
Replies: 18
Views: 892

Re: How to get cheap flights?

Look at both Southwest and Spirit. Our last trip to Florida was on Spirit. But be prepared to travel light. Only something the size of a computer bag is free. We found that although Spirit would nickle and dime everything, they were still $200 each way cheaper than Southwest from Boston to Ft Myers....
by Jack FFR1846
Fri Jun 22, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Income Annuities
Replies: 20
Views: 1022

Re: Income Annuities

For fun, I went to Fidelity and used their calculator. Using exactly the same criteria, I went to immediateannuities.com and did it again. They were only $1 different per month.

I would therefor guess that Fidelity is offering an SPIA and calling it an "income annuity".
by Jack FFR1846
Fri Jun 22, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 42
Views: 2383

Re: 3 nights in Vegas

what "I" would do:

Shelby museum
Gold & Silver pawn just to see it
Cowtown Guitars for same reason and because I'm a guitarist
Maybe a driving day at Las Vegas Motorsport
Rent a Lamborghini
Drive out to Hoover dam
Go home.


I have zero interest in gambling.
by Jack FFR1846
Thu Jun 21, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for buy fund from selling other funds?
Replies: 11
Views: 579

Re: Taxes for buy fund from selling other funds?

These are exactly the same thing. There is no need to sell one for another. Clearly, these are NOT exactly the same thing and while similar are not even substantially identical. I wonder if someone forgot to put on their reading glasses this morning. :) I agree that there is no need to sell one for...
by Jack FFR1846
Thu Jun 21, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement myth
Replies: 14
Views: 1404

Re: Early retirement myth

The labels are all wrong. Pete never retired. He quit his programmer job to do manual labor. He works doing construction now, essentially. I suppose I could quit my engineering job and go work at Home Depot if I really liked the idea of working at Home Depot. Then there's the $400k that magically co...
by Jack FFR1846
Thu Jun 21, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 170
Views: 11594

Re: What is/ was your career and would you recommend it now?

I honestly believe that going into a trade like plumbing will be more lucrative and stable than engineering. It's one of the jobs that can't be outsourced. Civil Engineers will never be outsourced to another country. There are too many local, state, and federal regulations, codes, standards, requir...
by Jack FFR1846
Thu Jun 21, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Valuing an extended powertrain plan
Replies: 2
Views: 220

Re: Valuing an extended powertrain plan

If it's backed by Ford, then $600 is a killer deal. If it's aftermarket, then you're being ripped of if they charge you $5. Of the 10 leading aftermarket warranty companies who offered policies 10 years ago, zero are in business today. That's how they survive. Take your money, give dealers crap on c...
by Jack FFR1846
Thu Jun 21, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2636

Re: Buy new truck before retiring?

Hmmmnm. I did something wrong in my assumption of using the difference in miles per gallon..... Going back, $2.90/gal*1gal/13m=$0.223/m $2.90/gal*1gal/20m=$0.145/m savings 0.223-0.145 = $0.078/m $9500/$0.078/m = 121795 I'll be puzzling over why my first method doesn't work. I think GoofyOne figured ...
by Jack FFR1846
Thu Jun 21, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Taxes for buy fund from selling other funds?
Replies: 11
Views: 579

Re: Taxes for buy fund from selling other funds?

In my portfolio, I have some Vanguard 500 index Fund and some TOTAL STOCK MARKET ETF . I want to switch to Total stock market Fund and Total international stock market fund Admiral shares. Do I pay taxes (income or capital gains) just like selling the fund and ETF? Or I don't have pay tax because I...
by Jack FFR1846
Thu Jun 21, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: What should be my stock/bond allocation?
Replies: 21
Views: 1503

Re: What should be my stock/bond allocation?

Anywhere from 40/60 to 60/40 is fine. Learn what college costs are today. Understand the financial aid landscape today. Get the expectation of limits on college expenditures going now. It's easier than when they decide they want to go to Middlebury (currently over $70k COA). If you only plan to prov...
by Jack FFR1846
Thu Jun 21, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 62
Views: 3800

Re: "Never time the market" vs. lump sum investment

So let's say you wait. The market goes mostly up for the next 10 years without a crash and the Dow gets to 73,000. Then there's a big market upset and it crashes to 50% its value of 36,500. You see the crash and invest. You've lost out on over 10,000 points. If you're too afraid to invest, own it. P...
by Jack FFR1846
Thu Jun 21, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2636

Re: Buy new truck before retiring?

20 mpg - 13 mpg = 7 mpg difference.

$2.90/gallon

$9500 difference

? = $9500*(7m/g)*(1g/$2.90)

g cancels
$ cancels

math, ? = 22,931.0345 miles
by Jack FFR1846
Thu Jun 21, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2636

Re: Buy new truck before retiring?

Without knowing how many miles you plan to drive, we don't know what's best. I drive a Wrangler Unlimited that gets about 18 mpg. But I need it to plow snow off the driveway in the winter and I only live 5 miles from work, so it gets very little use. For me, a second vehicle would be silly to save a...
by Jack FFR1846
Thu Jun 21, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2636

Re: Buy new truck before retiring?

Just going by numbers, assume the new truck gets 20 mpg average (which I doubt, but we need a number). Doing the math, it will take 22,931 miles for the gas savings at $2.90 (what gas is near me right now) to save you that $9500. Are there other costs to trade the truck? Registration, inspection, ta...
by Jack FFR1846
Thu Jun 21, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 170
Views: 11594

Re: What is/ was your career and would you recommend it now?

I went into electrical engineering as a safety net after having been fired from my ski shop/bike shop job for moonlighting at another shop. I do tend to think like an engineer by nature. If there's a problem, I analyze it and try to find a solution, whether it's a mechanical car problem or plumbing....
by Jack FFR1846
Thu Jun 21, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 4209

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

First, I'd say to not listen to family members, friends, people at church and their stupid ideas. Next, create a reasonable emergency fund at a bank or credit union or online bank. Third, make yourself a 3 fund portfolio at one of the low cost places (Vanguard, Fidelity, Schwab) or just get a target...
by Jack FFR1846
Wed Jun 20, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: 1st Car Mechanic service experience
Replies: 41
Views: 2065

Re: 1st Car Mechanic service experience

Do the math on your cash back vs their cc fee. Indeed, a good mechanic is a great resource to have. I mostly DIY but have a great, reasonably priced mechanic a couple miles from my house. Has saved me a few times when a job required something I don't have.....be it a tool or the knowledge of how to ...
by Jack FFR1846
Wed Jun 20, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to shelter 500k
Replies: 11
Views: 1334

Re: How to shelter 500k

If you're over 50, you can put $6500 into a Roth, if you have the income to match that amount. US Savings Bonds generate no tax liability until you go to cash them. Buying an investment that does not throw off dividends would eliminate tax on dividends. I'd be careful and not let the tax tail wag th...
by Jack FFR1846
Wed Jun 20, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Help
Replies: 17
Views: 1186

Re: Student Loan Help

Mathematically, it doesn't matter. They all have the same interest rate, so no loan costs more than any other loan.
by Jack FFR1846
Wed Jun 20, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1116
Views: 87641

Re: To take or not to take delivery of Tesla 3

I would disagree that some mega company would need to come over Tesla like a wave to usurp them. Many electric and hybrid cars currently exist within model lineups that nobody seems to ever talk about. Golf e, Honda Clarity, going into the hybrid line, cmax, camry..... It's just that everyone seems ...
by Jack FFR1846
Tue Jun 19, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4852

Re: How much car to buy reasonably?

Lotus Evora 400 Toyota Camry motor with supercar looks and handling. This has to be the boglehead sports car choice and will be my next fun car after selling my E46 M3. I have some experience with Lotuses (Loti?). Fantastic fun, but I wouldn't want one as a daily driver. They handle great and almos...
by Jack FFR1846
Tue Jun 19, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 22
Views: 2556

Re: MIL passed- question about her Social Security

Was the mother married to her first husband for 10 or more years?
by Jack FFR1846
Tue Jun 19, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: golf/restaurants near mohegan sun casino
Replies: 8
Views: 447

Re: golf/restaurants near mohegan sun casino

There's a mall kinda area right at Mohegan Sun and good restaurants. You could drive south to Groton/New London/the Lymes for seafood restaurants on the water or at least near the water. I was just there Sunday as my son's working the summer at Electric Boat in Groton. No idea on golf. To me, a Golf...
by Jack FFR1846
Tue Jun 19, 2018 7:56 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435989

Re: Anyone buying today?

Not me. I just bought a car and am saving for 1st semester tuition payments.
by Jack FFR1846
Tue Jun 19, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4174

Re: Do you think it is smart to disclose that you have passive investments to other people?

If you were my doctor and started being all braggypants about your fancy high end real estate boondogle, I'd cancel any future appointments and find a new doctor. My former doctor tried to go into a concierge practice. Notice the "former" there. Keep it to yourself. When a doctor has to cancel an ap...
by Jack FFR1846
Tue Jun 19, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Marriott hotels using Alexa/Echo in guest rooms?
Replies: 34
Views: 2913

Re: Marriott hotels using Alexa/Echo in guest rooms?

cheese_breath wrote:
Tue Jun 19, 2018 7:22 am
There better be a way to turn those things off when you don't want them listening. :D :D :D :D :D
Into the microwave for 30 seconds. Yes, it works and yes, I've done this with electronic devices before.
by Jack FFR1846
Tue Jun 19, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Renter's Insurance for College Dorm
Replies: 32
Views: 2196

Re: Renter's Insurance for College Dorm

Decide for yourself but remember that the college isn't "recommending" this insurance, the college gets a fee from the insurance company for offering the insurance to students.
by Jack FFR1846
Tue Jun 19, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8914

Re: I was rear ended and the other guy wants a payout!

I am really interested to understand more about the implications of always going with your insurance provider. In the past 5 years, my wife has been in two minor accidents (both of which she was not at fault). In both cases, I called my insurance agent (an Allstate agent) first. Both times (with tw...
by Jack FFR1846
Mon Jun 18, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 11257

Re: Retire at 50: Should I?

Today was your last day of work. Shut off the alarm clock and sleep in. If you feel like it, tell someone at your work sometimes that you've retired. Or not.
by Jack FFR1846
Mon Jun 18, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4852

Re: How much car to buy reasonably?

If you are nimble enough, buy the best condition, latest, lowest mileage Lotus Elise you can find. I guarantee you that it will handle better than anything else in this thread. Go look around LotusTalk. Find the Uberthread. It has the things that need to be modified, fixed or changed to make this a ...
by Jack FFR1846
Mon Jun 18, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 6531

Re: What does it mean: Rule No. 1: Never lose money

We have a local financial planner group who does a radio show on AM radio. They're motto is: Rule number one: Just don't lose the money. Rule number two: Don't forget rule number one. I think they probably sell annuities. Either that or they put money in trust as they focus on "not losing your money...
by Jack FFR1846
Mon Jun 18, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Advisory Portfolios
Replies: 23
Views: 957

Re: Northwestern Mutual Advisory Portfolios

Here's how they can guaranty that you'll outperform: Say that today, Northwestern has 20 funds that they can offer. Next year 5 have massively underperformed. They get dissolved and the assets rolled into other funds. The underperformance data simply disappears. Only the money is added to the new fu...
by Jack FFR1846
Mon Jun 18, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Where to purchase an used clarinet for a student - Amazon vs. store?
Replies: 14
Views: 713

Re: Where to purchase an used clarinet for a student - Amazon vs. store?

Check used guitar stores. I picked up my son's at a Daddy's Junky Music when they existed. I see them at Music Go Round and if you look online at Guitar Center (Music and Arts is owned by them), you may find one. I paid $125 for an excellent one. We've had the pads redone a couple times. We had the ...
by Jack FFR1846
Mon Jun 18, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1945

Re: Social Security advice needed

Have you included the likely reduction in benefits in 2034 of 25%?
by Jack FFR1846
Sun Jun 17, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Independent Franchise
Replies: 25
Views: 1726

Re: Schwab Independent Franchise

$50k for a Schwab franchise? Yikes, that's cheap. We have a Schwab office an hour away and another Schwab office that's' only open by appointment 20 minutes away. I also do receive emails about various classes and seminars they're giving. No real "bothering" that I can remember. I don't use IP. I ju...
by Jack FFR1846
Sun Jun 17, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7545

Re: Which Supermarket are you?

Measured by dollars spent, Stop & Shop because I manufacture spend there when visa gift cards get me gas points. Probably spend $30k a year on that nonsense. Measured by groceries bought, Market Basket. I buy by cost. If organic food thing costs $1 per pound and high insecticide infused plutonium en...
by Jack FFR1846
Sun Jun 17, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 47
Views: 4191

Re: Do you cancel old credit cards?

When I discovered churning and low balance forgiveness, I stopped cancelling cards. I probably have 25 cards. I open on average one new card a month for the sign on bonus. My FICO is right around 800.