Search found 7583 matches

by Jack FFR1846
Wed Sep 19, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 2827

Re: What's the best early retirement strategy for us?

You need to prepare more. Upping to $150 per pay period? I would think you would want to be putting more like a grand per period between the two of you. How do you plan to pay for health insurance? I understand you're figuring that selling the house will pay for the truck and trailer. Ok, for the tr...
by Jack FFR1846
Wed Sep 19, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 26
Views: 1546

Re: Should I bother meeting with a Chase Private Client Rep

If you like going to time share presentations so much that you would go even without a substantial prize being dangled before you, then sure. Come to think of it....why not just go to a time share presentation. Or maybe a bad chicken dinner presentation. It's much harder to dart out of a meeting one...
by Jack FFR1846
Wed Sep 19, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 63
Views: 1703

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

Thinking about this some more...... How about this? At the end of the lease, turn in the car. Open a Zip Car account. Drive a Zip Car when you need a car. No insurance, no registration, no taxes, no depreciation. If you don't feel like driving, call up a Lyft.
by Jack FFR1846
Wed Sep 19, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 26
Views: 1546

Re: Should I bother meeting with a Chase Private Client Rep

Find an old clip of Peewee Herman's Saturday morning show. It will make more sense and have less nonsense than whatever this clown has to say. It'll also cost you less money.
by Jack FFR1846
Wed Sep 19, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 174
Views: 9476

Re: What is your single most expensive mistake?

Mine are all car related. 1976: Did not buy any of these 3 cars: Plymouth Superbird for $2500 67 427 4 speed Corvette coupe for $2500. (owner wanted to buy a Corvette race car) 63 1/2 Ford lightweight. Owner had 2. Again $2500. More recently: Sold my 1990 BMW M3 with 51k miles on it for $15k in 1997...
by Jack FFR1846
Wed Sep 19, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 34
Views: 1320

Re: Student Loan Debt Repayment

Sell the town house. It's making you less than you're paying in student loan interest. No brainer. Of course, pay off the HIGHEST interest loans first. Snowball is for people who don't know how to save and don't know how to pay their bills. Avalanche (highest interest first) is what engineers, mathe...
by Jack FFR1846
Wed Sep 19, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 63
Views: 1703

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

So you have a car that's worth $22k and you're considering buying it for $32k? If you want a closer feel to a BMW, drive a VW GTi. Much more solid, like all German cars. Less tin can with wheels zip tied like an Accord would feel. With the new warranty that VW has, it's worth consideration. Big disc...
by Jack FFR1846
Wed Sep 19, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 32
Views: 2474

Re: State Farm nickel-and-diming me

If you believe by some magical protective cloak that your insurance company does not already know about the accident, I have a bottle of pixie dust I'll sell you. Just stop it. Let your insurance company handle the whole thing. I've had similar kinds of accidents. I report it to MY insurance company...
by Jack FFR1846
Tue Sep 18, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: New car - 0% loan or $500 rebate
Replies: 5
Views: 331

Re: New car - 0% loan or $500 rebate

You don't need the loan. You don't need a higher credit score. Think of it this way....if the sales guy asked "If you want to take out a loan, give me $500 and I'll get you one for no interest", would you pull cash out of your pocket to take out the loan that you don't need?
by Jack FFR1846
Tue Sep 18, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Honda Lawnmower Warranty Issue
Replies: 17
Views: 764

Re: Honda Lawnmower Warranty Issue

I've got a Honda mower that's about 5 years old. I put whatever crap gas I have hanging around. It continues to run fine.
by Jack FFR1846
Tue Sep 18, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Consumer Issue - Storage Unit Rental
Replies: 14
Views: 1047

Re: Consumer Issue - Storage Unit Rental

Honestly.....craigslist.....yard sale.....eBay. Unload the things that you need to store.
by Jack FFR1846
Tue Sep 18, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Is this a potentially dangerous electrical issue that needs to be addressed?
Replies: 19
Views: 1978

Re: Is this a potentially dangerous electrical issue that needs to be addressed?

From both a safety and practicality point of view, you want the outlet shut off, for sure before working on it. What I tend to do is to plug in something that I can easily hear from the basement, where my breaker box is. I shut off the breaker and make sure that the thing making noise no longer is m...
by Jack FFR1846
Mon Sep 17, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 88
Views: 3877

Re: Dilemma: Add room to current house or buy new house?

Yes. I agree completely with you. In fact, that is how we have always been. We came from nothing. She studied to be a doctor (which we took massive private loans for while living like bachelors) and I am an engineer. We saved aggressively by renting single bedroom apartments and a small house (afte...
by Jack FFR1846
Mon Sep 17, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. EJ vs. Fidelity
Replies: 13
Views: 937

Re: Vanguard vs. EJ vs. Fidelity

The fact that your company is moving the 401k doesn't mean that you can move your account anywhere. Have you been given the option to move it? If not, you may have to quit to get that option.
by Jack FFR1846
Mon Sep 17, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: 2018 Forester vs CRV vs RAV4
Replies: 140
Views: 16706

Re: 2018 Forester vs CRV vs RAV4

I used to pick my son up from school in one of these. I'll assume you know that none of the kids in the school busses were hanging out the windows to look at all those mini vans quite the same way as they did with the Cobra. https://static.cargurus.com/images/site/2016/04/10/10/24/1965_shelby_cobra-...
by Jack FFR1846
Mon Sep 17, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 88
Views: 3877

Re: Dilemma: Add room to current house or buy new house?

scorp_pccorp wrote:
Mon Sep 17, 2018 10:24 am
So the 1st floor is only around 2000sqft with a very big family room.
Only?

This is bigger than my first 3 br house.....including my garage and 3 season porch. This is in no way small.
by Jack FFR1846
Mon Sep 17, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 43
Views: 3319

Re: Equity allocation for Flagship clients?

My AA is 50/50. This helps me to sleep well at night. This. For me. Exactly. I am still accumulating for a short time longer. My expense to portfolio ratio is just about 2%. I am a huge "safety net" guy, thus have saved more than most would for my spending. I'm not flagship as most of my portfolio ...
by Jack FFR1846
Mon Sep 17, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 88
Views: 3877

Re: Dilemma: Add room to current house or buy new house?

There will always be a friend with a bigger house......

You can't buy your way out of this problem.
by Jack FFR1846
Mon Sep 17, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: “Costly race to bottom on mutual fund fees”
Replies: 13
Views: 1739

Re: “Costly race to bottom on mutual fund fees”

“ With the exception of Warren Buffett, the evidence on buy-and-hold investing is somewhat mixed .” Really? They must not have seen the Fidelity report on their 401k account holders where they concluded that those who left the account alone the longest did the best. Or what some describe as "dead" ...
by Jack FFR1846
Sun Sep 16, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 126
Views: 8118

Re: Considering Quitting Job - Seeking Advice. Would you do it?

I have found that employers are universally willing to let employees like you work 24/7 to avoid hiring another person. Stop it! If they won't properly staff up, stuff won't get done. In the middle of my career, I saw myself extending hours like you are and specifically forced myself to stop it. 5:0...
by Jack FFR1846
Sun Sep 16, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on American Funds
Replies: 28
Views: 1825

Re: Opinions on American Funds

They don't advertise? Really? They have a 12b-1 fee which is for marketing, which if it's not advertising, what is it? The advisor is lying. What a surprise. AF is behind the times with fee reductions. While BHs rage about the differences between a 0%, 0.015%, 0.04% fee, AF is charging 0.6% minimum ...
by Jack FFR1846
Fri Sep 14, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 24
Views: 1591

Re: Small cap tilt

I watched a recent Bogle interview where he explained how SCV is only one of the latest trends where it looks like it's outperforming, everyone buys, the price of entry exceeds the outperformance, and we're back to no advantage. I'll sit on my haystack and watch the trendy stuff blow by. No tilt here.
by Jack FFR1846
Fri Sep 14, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs EJ
Replies: 16
Views: 966

Re: 3 fund vs EJ

Past performance is no guarantee of future returns.

High indicated fees are a guarantee of high indicated fees.
by Jack FFR1846
Fri Sep 14, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 133
Views: 8508

Re: Age in Bonds - Still Recommended?

It's a starting point and something to easily set up when you have absolutely no idea. When I first looked at what I held (went decades just randomly choosing funds), I was 99% equity at 50 years old. I looked at age in bonds and decided to go age minus 10 as I learned more. Now, I'm 61 and have dec...
by Jack FFR1846
Fri Sep 14, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 2832

Re: How to determine quality of a finished new construction home

If the house is built by a big builder who uses one real estate agency exclusively, ask another real estate agent. Our town had a huge development going in. The houses were 20% larger than another development on the other side of town for the same price. While looking at an existing house (in neithe...
by Jack FFR1846
Fri Sep 14, 2018 7:55 am
Forum: Investing - Help with Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1209

Re: What can you homegrown financial management spreadsheet do?

Mine is built in Excel with no links and stored on a flash drive. Contains each house (fidelity, Schwab, Vanguard, etc) with each fund listed. Color coded blue for equity, purple for bond and red for international equity. Black for US Savings bonds. Each fund moving across has amount, % of total, ER...
by Jack FFR1846
Fri Sep 14, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1245

Re: Best tool/way to manage the a portfolio of multiple accounts

I built my own Excel spreadsheet which tells me everything I want to know. I do not track cash within any asset allocation category, only for net worth. My "available assets" including bank/credit union accounts and taxable accounts are written on a note page on my peg board in front of me. All of m...
by Jack FFR1846
Fri Sep 14, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 482
Views: 70843

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I guess there is no alternative. Change engine oil every 3000 miles or three months whichever come 1st. You can smell the dip stick to see if you have fuel dilution problem. If it smells gas, then you have problem. Avoid frequent short tip is also recommended. I'm glad I don't own one of these. I w...
by Jack FFR1846
Fri Sep 14, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 731
Views: 69119

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

Yesterday's tally:

FSTVX is down $1.90 vs FZROX, for each account at $320k'ish.
by Jack FFR1846
Thu Sep 13, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 90
Views: 3817

Re: I need a chainsaw to trim branches and limbs!!

I get the comments warning of death and hurricanes and blood and Dracula if you even look at a chain saw. You do need to learn how to use a chain saw properly and what to do and what not to do. I run my 2 husky's about 2 hours every weekend cutting firewood and doing forest management. I've been run...
by Jack FFR1846
Thu Sep 13, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: LPL Financial Transfer- Newbie
Replies: 4
Views: 325

Re: LPL Financial Transfer- Newbie

That fee is stupid high. I pay 1/3 of that total on 2.3 million dollars invested. Don't worry about the exit fee because you're going to pay it regardless. Move the money out now. If you're going to Vanguard, call them now and get the ball rolling.
by Jack FFR1846
Thu Sep 13, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Is home alarm monitoring worth it?
Replies: 56
Views: 3710

Re: Is home alarm monitoring worth it?

Without monitoring, do you get notified if an alarm goes off?

I think you've described the pros and cons of monitoring. I use the ultimate deterrent at my house......nothing of any value inside. :D
by Jack FFR1846
Thu Sep 13, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Outback, Legacy, Camry Hybrid
Replies: 14
Views: 738

Re: Outback, Legacy, Camry Hybrid

Do you have any option to "up" the Legacy to a limited? We bought a 17 limited this year and I helped my mom purchase a new 18 Legacy premium. To me, the upgrade to the limited is quite a dramatic difference. To me, the Outback is too huge. If you're an SUV person, you would be right at home in one....
by Jack FFR1846
Thu Sep 13, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 90
Views: 3817

Re: I need a chainsaw to trim branches and limbs!!

Where are these branches and limbs? 1/2 acre is pretty tiny, so I have to think that there's not a need for anything beyond a good homeowner saw. That said, I'd stick with a brand that makes "real" chainsaws. Stihl would be my first choice. Although they're sort of the direct competitor of my favori...
by Jack FFR1846
Thu Sep 13, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 975

Re: ESOP, Options, Restricted Shares holders: When do you sell?

Company some years ago where I was granted a boatload of options: At year 1, 1/4 of them vested. Sold immediately. Paid off mortgage, bought my wife a car, bought an HDTV (early 2000's when that could cost $10k). Friend at company poo poo'd me and said he was holding and going to make a killing. Sto...
by Jack FFR1846
Thu Sep 13, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 145
Views: 7771

Re: iPhone XS Max

Meanwhile, my iPhone 4S running on ios 7.1 (pre-battery-throttling) is humming along just fine for the $0 I paid for it (my old company gave it to me when I left because it was 4 years old at that time).
by Jack FFR1846
Thu Sep 13, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5522

Re: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?

I worked as an engineer in aerospace for over 36 years. About 20 years ago my original company merged with another to form the all new Megacorp, where I worked until retirement. Most of that time, Megacorp basically tracked the S&P 500, although more volatile. Competitors usually did better. In the...
by Jack FFR1846
Thu Sep 13, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Commodities have never been cheaper - time to buy?
Replies: 42
Views: 4227

Re: Commodities have never been cheaper - time to buy?

There is no reason to expect stock sectors to mean revert. Still waiting for the recovery in the stocks of buggy whip manufacturers... :) The whip manufacturers are mostly private. Coming from "the Whip City", I can tell you that although the industry has become much smaller, it's still going. http...
by Jack FFR1846
Wed Sep 12, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4076

Re: Subaru Forester - ready to buy

I would not count on the buying services saving you anything. They're good for people too scared to negotiate. I bought my Wrangler in '14.....ordered even....for about $1600 under the Tru Car lowest price. I have never followed Foresters, so don't know how their prices hold up. I know that WRX, STi...
by Jack FFR1846
Wed Sep 12, 2018 6:57 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 33
Views: 3377

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

I just received a notice that Fidelity is making changes in my 401k. I went to netbenefits to the change notices and found the changes. Some are just name changes or ticker changes with reductions in fees (only 30% reductions for contrafund) but looking through, every fund in our plan has had the ER...
by Jack FFR1846
Wed Sep 12, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Roth @ a Financial Advisor
Replies: 33
Views: 1729

Re: Wife's Roth @ a Financial Advisor

Costs matter. They subtract from the bottom line on the account. I did a quick calculation in my head of her overall expense ratio. At that number, her yearly cost (just the ER's) is more than my total cost. But my portfolio is over $2.3 million. If the advisor charges 1%, she's paying about tripple...
by Jack FFR1846
Wed Sep 12, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2043

Re: 401k "advice" to my associates

Let's say they've got a $300k student loan debt. They're likely not far removed from college, where they did scrimp to get by. Now, they can unwind with a $15 beer with friends on a Friday night and relax after years of all nighters and knowing that their loans are charging so much interest that the...
by Jack FFR1846
Wed Sep 12, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4036

Re: Fidelity, Schwab, or Vanguard

Vanguard just disabled me with the sole 'additional security' of a cell phone code REQUIRED to access account. They disabled your account?! I just checked and I get the annoying page to get 2 factor ID and I click "remind me later" and am taken to the main page. Boy.....if I were locked out, my nex...
by Jack FFR1846
Wed Sep 12, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: 1 year old birthday
Replies: 42
Views: 1843

Re: 1 year old birthday

Chuck-E-Cheese Although we had huge parties for our first son at our house, we soon learned that it was pretty silly. The kid doesn't care, nobody really gets to talk for long because so many people are there and it's just a big blur. By his 3rd b'day (and for our second son), the goal was always to...
by Jack FFR1846
Wed Sep 12, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 1866

Re: dumb dentist question - canceling whole life insurance

It is 100% true that investing in a whole life policy builds wealth....and it does it far better than an IRA, 401k or any other retirement account........for the salesman selling you the policy. He's looking to upgrade his 4 series to a 6 series grand coupe.
by Jack FFR1846
Wed Sep 12, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4036

Re: Fidelity, Schwab, or Vanguard

Each has strength and weakness. To me, the opaque dealings of Vanguard always have me wondering. Fidelity and Schwab have to report things like executive compensation. Vanguard.....doesn't.
by Jack FFR1846
Wed Sep 12, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: The Atlantic: 'Why is College In America So Expensive?'
Replies: 27
Views: 2528

Re: The Atlantic: 'Why is College In America So Expensive?'

There are levels of administration that now exist at my alma mater that did not exist when I went to school there. I also know that their method of determining tuition is by survey of competing schools. It doesn't matter if it costs them $8k a year to run the school.....if peer schools charge $48k f...
by Jack FFR1846
Wed Sep 12, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2564

Re: Mr.No - another should I pay off my mortgage, post

This doesn't have to be an all or nothing decision. You don't have to sell investments, taking cap gains to transfer that money to paying off the mortgage. When I had a mortgage, if we only had an extra $10 come time to pay, we put an extra $10 on the mortgage payment. When a bonus came in and we ha...
by Jack FFR1846
Wed Sep 12, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7242

Re: Argument for taking social security before 70. Comments?

Enlightening comments for me in this thread. Thanks for posting. I did not realize that spousal benefits froze at FRA if they have less on their own work record. I did not see a key consideration in any posts, however. It's widely accepted that payouts are going to drop to something like 75% in abou...
by Jack FFR1846
Tue Sep 11, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Auto sale to relative - sales agreement form?
Replies: 10
Views: 396

Re: Auto sale to relative - sales agreement form?

Depends on the state. In my state (MA), we've done several relative sales. The selling party wants to fill out a full sales agreement, even if the price is zero. They then submit that along with the plate return receipt from the RMV (can now be done completely online) and an application for abatemen...