Search found 5738 matches

by Jack FFR1846
Thu Nov 23, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Portfolio Advisory service?
Replies: 13
Views: 777

Re: Fidelity Portfolio Advisory service?

You mention that you "only" meet with your Fidelity adviser once a year. I have 2 commas worth at Fidelity and have for years and have a Private Client Manager who I met once when we had given up on another house's 19 page form to roll $3500 into my wife's IRA. He immediately knew me as "the index g...
by Jack FFR1846
Thu Nov 23, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 301
Views: 20744

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

How is the 200k'th delivery get counted? I just read the 3rd quarter update and they marked the 250,000th delivery.

http://files.shareholder.com/downloads/ ... 017-3Q.pdf
by Jack FFR1846
Wed Nov 22, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 101
Views: 6259

Re: Tesla truck unveil

I would be very curious what the megacharger takes for it's input voltage. I'm also curious what the cost for a charge would be to the truck driver. I know from doing the math that Tesla's Model S savings calculator uses assumptions that don't work where I live. They keep changing the calculator and...
by Jack FFR1846
Wed Nov 22, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 120
Views: 7148

Re: What are the things you want to do between 55 and 65?

I might want to get my CFP just for fun. Like anyone in Germany, Massachusetts state colleges provide free tuition for those over 60. My father in law in his mid 80's takes a course every semester at the local state college as he's only a high school graduate and always wanted to attend college. The...
by Jack FFR1846
Wed Nov 22, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Slanting International geographically or regionally
Replies: 19
Views: 744

Re: Slanting International geographically or regionally

I tend to be risk averse when it comes to international. Not quite to the level of Jack Bogle where I'd go to zero international but I hold only developed international. I feel it's a reasonable compromise. If I were to be able to pick "I want to stay out of these countries and I want to be invested...
by Jack FFR1846
Wed Nov 22, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Christmas gifts for lots of kids (experiences or stock)?
Replies: 34
Views: 2104

Re: Christmas gifts for lots of kids (experiences or stock)?

I guess it really depends. If you want to make the kid immediately happy, then a Lego kit works. Stock or cash or electronic savings bond to a 5 year old means you gave them nothing (which is almost as bad as getting clothes.....I still remember being a kid). I also understand toys going into bins i...
by Jack FFR1846
Wed Nov 22, 2017 9:06 am
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 33
Views: 1853

Re: Whole House Surge Protector still works with breaker off?

Yes, the added breakers are the connection to power. They ONLY go to the surge protection unit. Think of that as a breaker that only goes to the outlet right next to your breaker box. You can turn that on and off and the rest of the house is powered....just that particular outlet isn't powered. With...
by Jack FFR1846
Wed Nov 22, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 4848

Re: Advice to become wealthy

Make sure both spouses are always in a job. Don't have kids. Take on side gigs that could expand to a business. We see stories all the time where someone has a side business that's now throwing off $500k in income and they're wondering if they should quit their day job. Of course, live below your me...
by Jack FFR1846
Tue Nov 21, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 137
Views: 7658

Re: Help DW gets fired, but then next day her boss offers her job back

If indeed she has been laid off with paperwork stating so, she should immediately sign up for unemployment. Ignore the offer to work at 25% pay cut. Do not even respond. If the communication gets more desperate, remember that if she goes back, her days are numbered, therefore: 1) a 1 year contract i...
by Jack FFR1846
Tue Nov 21, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 36
Views: 2413

Re: Slice and Dice

Of course a 3 fund portfolio can be any percentage of the 3 asset classes. I would agree that a 90/10 won't perform like my own 50/50. But in a down year, I'll be happy that my 50/50 doesn't perform like a 90/10. I'd like to think that I own the entire haystack. I like that index funds put the indiv...
by Jack FFR1846
Tue Nov 21, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Advice on Mileage Reimbursement Options
Replies: 11
Views: 424

Re: Advice on Mileage Reimbursement Options

Here's a downside to the long term rental which I ran into. I went to work for a company where I got a vehicle, a gas card and the ok for me and my spouse to use it for personal use. I sold my personal car. 6 months in, I hated the job. At month 7, I quit this job and took a new job. I decided that ...
by Jack FFR1846
Tue Nov 21, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: First time investor looking to jump in market but apprehensive with record highs
Replies: 23
Views: 2332

Re: First time investor looking to jump in market but apprehensive with record highs

You have a world of options, even if you don't make the investment decision yet. 1.1% money market? Redneck Bank Megamoney account pays 1.5% up to $35k. Put $35k there. Ally pays 1.25%. Put more money there. This increases your return with zero risk and can be used as your emergency fund. There's co...
by Jack FFR1846
Tue Nov 21, 2017 1:10 pm
Forum: Investing - Theory, News & General
Topic: How long does it take a losing company to shutdown?
Replies: 16
Views: 993

Re: How long does it take a losing company to shutdown?

A year is nothing. Tesla has been losing money since 2003.
by Jack FFR1846
Tue Nov 21, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: My parents just received a large inheritance and I need to help them keep it
Replies: 12
Views: 1876

Re: My parents just received a large inheritance and I need to help them keep it

Your post screams "they're going to just blow the money". The fact that the first thing they did was spend money on an unbuilt condo sure confirms this. With that in mind, I think they are prime candidates for an SPIA. This way, they can't blow it all and will get a monthly "allowance".
by Jack FFR1846
Tue Nov 21, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 43
Views: 2749

Re: GE - a good value?

I thought similar things about Polaroid some years back. How to turn $4000 in cash into a broker's balance of $15. Nope.
by Jack FFR1846
Tue Nov 21, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 33
Views: 1853

Re: Whole House Surge Protector still works with breaker off?

I looked up the installation guide http://www.eaton.com/ecm/groups/public/@pub/@electrical/documents/content/ib00414001y.pdf This is a "divert to ground" type device. It works with a dedicated 2 pole circuit breaker (one pole for each 1/2 phase) with a connection to earth and neutral. If an overvolt...
by Jack FFR1846
Tue Nov 21, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Certified Financial Planner (CFP) fees
Replies: 17
Views: 1175

Re: Certified Financial Planner (CFP) fees

1) set up 3 fund
2) just stand there
3) pay $400 a year for ERs
4) review in 5 years
by Jack FFR1846
Tue Nov 21, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: OP UPDATE:Car Accident- challenge getting funds for repairs by responsible party/insurer
Replies: 28
Views: 1422

Re: Car Accident- challenge getting funds for repairs by responsible party/insurer

Insurance companies want to see a police report because you sign that it's true subject to perjury. Yes, file a police report and yes, use your own insurance company. They can get all the information about the truck using just the license plate (hopefully, you got that......it's the first thing to t...
by Jack FFR1846
Tue Nov 21, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 120
Views: 7148

Re: What are the things you want to do between 55 and 65?

Start seriously cleaning out all the crap accumulated over the years that is no longer used and that the kids won't want (or need, or have a place to store). I started this shortly before 55, starting with a racecar and enclosed trailer, a boat, a snowmobile, a Lotus, most recently a custom racing r...
by Jack FFR1846
Tue Nov 21, 2017 7:41 am
Forum: Investing - Theory, News & General
Topic: "Got $1 million to retire? Here’s how long it will last, by U.S. state"
Replies: 49
Views: 8936

Re: "Got $1 million to retire? Here’s how long it will last, by U.S. state"

I agree with kmurp that where in the state really matters. Costs in Boston have nothing to do with costs in Sandisfield, MA (population under 1000, known for being the first town to report voting in the state). Even comparing big California cities, I would not assume San Francisco and Sacramento are...
by Jack FFR1846
Tue Nov 21, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 150
Views: 9722

Re: Why not take Social Security at 62

You'd want to be very realistic. Where you're 50, you'll take SS at earliest in 2029. In another 5 years, the trust fund is expected to run out of money and drop payments by 25%, so waiting is less of a "no brainer" than it is for other long lived family members who are older. If you're making a spr...
by Jack FFR1846
Mon Nov 20, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Honda CR-V vs Subaru Outback
Replies: 24
Views: 2235

Re: Honda CR-V vs Subaru Outback

I'd agree that the Forester is a closer competitor. I'd view the Outback as a class up. If I'm next to either a Forester or CR-V now, I have to look at the wheel center caps to know what it is as it appears they copied each other.
by Jack FFR1846
Mon Nov 20, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed and seeking advice for my mother
Replies: 16
Views: 1931

Re: Overwhelmed and seeking advice for my mother

adviceformom wrote:
Sun Nov 19, 2017 9:36 pm
.....the main thing on her mind is not "losing" any of the money........
This limits you to things that can't lose money. CD, savings bonds, SPIA.
by Jack FFR1846
Mon Nov 20, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another "To Rent or Sell" Question
Replies: 10
Views: 587

Re: Another "To Rent or Sell" Question

Some telling questions for you:

Do you want to be a landlord. If no, sell. If yes:

Why haven't you already bought rental property to rent?

(if you don't have a solid reason, sell)
by Jack FFR1846
Mon Nov 20, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3500

Re: Planning for the final months of work

You might want to bring up your funds that EJ has you in and see what they did during the 08 downturn. Chances are high that they went down just like Fidelity did. Had you stuck with Fidelity, they would have recovered. Your fees are outrageous. You're paying 7.5 times what I pay. Investment is NOT ...
by Jack FFR1846
Mon Nov 20, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 89
Views: 4632

Re: Uber for someone who knows only taxis

My impression of riding in an Uber:

https://www.youtube.com/watch?v=sOpRXbwFry4

I've only used taxis. I live just outside of the middle of nowhere.
by Jack FFR1846
Mon Nov 20, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Want to build dream workshop/garage, but don't know how to start
Replies: 48
Views: 2500

Re: Want to build dream workshop/garage, but don't know how to start

Have you looked for a commercial building for sale or lease that might fit the bill? I'd think it would be cheaper and if you go the rental route, you'd have an escape plan if you decide to downside on the work.
by Jack FFR1846
Mon Nov 20, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 1799

Re: Recommend a daily driver

for 3-4 hour stop and go trips yet cheap and reliable ..... perhaps the antithesis of the M3? A Prius. :shock: I have to say it. Cue up the Top Gear episode where an M3 followed a Prius around the track.....and beat it's MPG handily. Are you going to be parking on-street? If so, something short mig...
by Jack FFR1846
Sun Nov 19, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Need bigger car - but may be moving overseas
Replies: 4
Views: 206

Re: Need bigger car - but may be moving overseas

I'd buy a used one. With a lease, I suppose you could do one of those lease trade things IF your leasing company approves. If not, expect to pay some huge fees to terminate the lease and turn in the vehicle early. If you own it, drive to car max, sell it and drop the check off at the bank on your wa...
by Jack FFR1846
Sun Nov 19, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12998

Re: Dave Ramsey says don't use credit cards, even if you pay them off

FWIW - in all cases when we get a discount for cash we use cash but not too many folks are doing that right now. Always do the math. I've done the math at gas stations where there's a discount for cash and so far, using my Chase AARP card that gives 3% back on gas, it's always cheaper to pay with c...
by Jack FFR1846
Sun Nov 19, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 103
Views: 10757

Re: The valet smashed my Tesla into a brick wall!

In addition to diminished value you should also consider the depreciation of the car if it is in the shop for six months waiting for parts. Here's where I might be able to help. I would think that a Tesla forum would have information on availability of parts and repair techniques and manufacturer r...
by Jack FFR1846
Sun Nov 19, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 103
Views: 10757

Re: The valet smashed my Tesla into a brick wall!

Subaru's Eyesight is pretty well known to be the best in the business and the auto braking works. Maybe trade the Tesla for a new Legacy.
by Jack FFR1846
Sun Nov 19, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: 529 or not 529?
Replies: 21
Views: 1898

Re: 529 or not 529?

Print out a FAFSA form and fill it out. It helps a lot to understand it and what goes into your expected family contribution. It can help you to understand if you have any chance for aid. If you're considering state college, paying off your mortgage and taking out a HELOC is a great strategy. Less s...
by Jack FFR1846
Fri Nov 17, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8232

Re: Has used furniture dropped in value dramatically?

I would not recommend putting stuff in Craigslist for free. Put a small number on it. The couple times I did put free in the ad, I had more hassle than anything else. People who wanted me to deliver it an hour away. People who whined that it was going to cost them too much in gas, was it really wort...
by Jack FFR1846
Fri Nov 17, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Car shopping tomorrow
Replies: 61
Views: 5152

Re: Car shopping tomorrow

I'm a car guy and have gone out and "just test drove" literally hundreds of cars over my lifetime. Anything from a Porsche 911 4S to a Ford Escort. We're coming into the season of "My wife is buying me a car for Christmas and told me to drive what I want her to buy". It's a great answer to "What's k...
by Jack FFR1846
Fri Nov 17, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 101
Views: 6259

Re: Tesla truck unnveil

The Roadster stats are unbelievable. Very cool looking and I was waiting for the rear seat description to compare to a 911 or Evora as either would be fitting comparisons. (aka, put your 4 year old back there or more likely, strap in a bag of groceries). Rumors are that the roadster price starts at ...
by Jack FFR1846
Fri Nov 17, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3744

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Don't forget Bradley Field, located between Hartford and Springfield. Where it doesn't have a lot of direct flights, it can be the cheapest way to fly. I'm an hour and a half from Boston, Manchester, Providence and Bradley so always compare the 4. Boston is by far the easiest to get back to when the...
by Jack FFR1846
Fri Nov 17, 2017 7:30 am
Forum: Personal Consumer Issues
Topic: Renting a car from Atlanta GA to Austin TX: $$$
Replies: 33
Views: 1609

Re: Renting a car from Atlanta GA to Austin TX: $$$

The reason for this is that the 2 locations are 2 separate districts. If the entire trip were inside Florida, you'd pay something like $39 a day and could pick up in Miami and drop at Ft Walton Beach. Going out of district means that the drop location pays someone to drive it back to Atlanta and fly...
by Jack FFR1846
Thu Nov 16, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3744

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Ok, so you're talking areas I'm familiar with. I worked in a ski shop in West Hartford (and Weathersfield) in college and covered all the UTC companies in the Farmington area for work. I grew up in Westfield. It's not out of the question to go over the border into Massachusetts for housing. You're p...
by Jack FFR1846
Thu Nov 16, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 3958

Re: Help with Understanding How to Handle Bonus

I've come to understand that if you're a new doctor or doctors, you want to use the tax advantaged space while you can, so fill that 401k/403b space and if qualified, Roth space. As future years come, you'll be making so much money, you'll have to hire people to wheel the wheelbarrows to the bank an...
by Jack FFR1846
Wed Nov 15, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3744

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

You said Hartford, so you're not talking Greenwich here. I'll guess either west of Hartford or northwest having covered the state many years. Towns between Hartford and Waterbury can be pretty nice and not overly expensive (compared to southwest Connecticut). Do your own search on house prices and t...
by Jack FFR1846
Wed Nov 15, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help family of four....Do nothing?
Replies: 22
Views: 1887

Re: Investing help family of four....Do nothing?

From a purely FAFSA standpoint, take a HELOC so you have instant access to equity in your house. Then pay money towards the mortgage keeping only enough to get by for a couple months. If the kids have money in accounts, transfer the money into your account. Also retirement account (IRA, 401k, Roth, ...
by Jack FFR1846
Wed Nov 15, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and glucose test strips
Replies: 4
Views: 417

Re: Medicare and glucose test strips

Selling strips paid for by medicare is illegal. Selling strips paid for by private insurance is actually legal. If you do have to pay for your own supplies, look at costs of strips online. I've found a vast difference in prices. So much, in fact, that the meter I now use uses strips that compete pre...
by Jack FFR1846
Wed Nov 15, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3215

Re: Value of 401k Employer Match vs. Salary Equivalent

For a phone cost data point, my employer pays up to $100 for phone plan and $100 a year for phone upgrade. I'm on Cricket, so have more data than I know what to do with for $40 a month and haven't needed a new phone since I got this one 6 years ago......so I guess my savings go towards company profi...
by Jack FFR1846
Wed Nov 15, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8232

Re: Has used furniture dropped in value dramatically?

I actually know where our china and fancy flatware that we received as wedding presents is going. Into the fork drawer! My son has a campus apartment with a full kitchen and cooks for himself. At the end of every academic year, it seems that room mates randomly take silverware and dishes. So DS need...
by Jack FFR1846
Wed Nov 15, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8232

Re: Has used furniture dropped in value dramatically?

Even more contemporary furniture can have zero value. I craigslist everything and am a firm believer of dropping the price significantly every week until it goes. We sold a very nice oak and glass lighted china cabinet from the early 90s for $5. Sold 4 early 70's maker marked colonial pine chairs fo...
by Jack FFR1846
Wed Nov 15, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 29
Views: 1507

Re: How do you stop junk mail?

I also do the mail back thing and have for 30 years. I call it "trash mail for junk mail". I figure that the post office makes something on the postage going back to these clowns. I also have a wood furnace in my house so during the winter, I take a paper shopping bag (my paper recycling bag) from t...
by Jack FFR1846
Wed Nov 15, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Going to College to become a Teacher - 19 Started Roth IRA.
Replies: 14
Views: 1021

Re: Going to College to become a Teacher - 19 Started Roth IRA.

I'll double down on recommending that you start teaching once you get your Bachelors. In Mass, all state colleges are free to teachers. Go nights to attain your Masters and go right on to your PhD-ED. In our town, the superintendents for as long as I can remember have all had their PhD. None have be...
by Jack FFR1846
Tue Nov 14, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's the point of auto loan pre-approvals?
Replies: 12
Views: 1101

Re: What's the point of auto loan pre-approvals?

All the local credit unions to me (DCU, Central One) have the rates listed right on their web page. I suppose if you have poor credit, it'll be something different. I've been with DCU for 32 years and know that they specialize in used car loans that have the exact same rate as for a new car.
by Jack FFR1846
Tue Nov 14, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Michelin or Bridgestone?
Replies: 67
Views: 3623

Re: Michelin or Bridgestone?

I always look through Tire Rack's tires in the particular size sorted by price. I've found $300 performance tires (each) that have been replaced by the next model on sale for under $100 each. It's worth looking.