Search found 7365 matches

by Jack FFR1846
Thu Aug 16, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 92
Views: 5608

Re: Retire in Florida or Alabama?

I'd lean towards Virginia. No alligators. Why Virginia? Never been up there, but is there some nice retirement spots? The wife and I have been looking for someplace for years. After going to Ft Myers, thinking that between Sanibel and the everlasting beaches of the west coast, we'd like it. Less he...
by Jack FFR1846
Thu Aug 16, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly mother with her finances - 2 issues
Replies: 4
Views: 269

Re: Helping elderly mother with her finances - 2 issues

The first insurance question should be: How much is needed when she dies for the beneficiaries to live comfortably? Well, it sounds like the answer is zero. Cash them all out. She's making it on the money she has but owns only some of the house. Even putting the insurance policies cash out money int...
by Jack FFR1846
Thu Aug 16, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 10
Views: 634

Re: Fidelity 401(k) millionaires hits record high

Only been in my job 2 years. So the 401k will never hit a million. My fidelity IRA, however, has been over a million for quite some time.
by Jack FFR1846
Thu Aug 16, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate?
Replies: 32
Views: 1694

Re: Why the Yale Endowment Hate?

MIT, Harvard, Yale, that's cute. Being from The Other Institute of Technology I can feel even more superior. ;) So you went to Wentworth? My son started there, but sort of Aced out after his first year and went to the 3rd oldest engineering school in the country. Why people hate "endowment" strateg...
by Jack FFR1846
Thu Aug 16, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 25
Views: 1249

Re: Time for new phone, Buy or Lease?

I just went through this with one of my sons. He went with a last generation LG somethingorother. We're on Cricket. Phone, activation, case, shipping $210.92. 5G on the plan and if you hit that, they throttle the speed but no added cost. First phone is $35 a month with a credit card on file and auto...
by Jack FFR1846
Thu Aug 16, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: Article: A family of 3 gets by in San Francisco without anyone working a job
Replies: 9
Views: 1098

Re: Article: A family of 3 gets by in San Francisco without anyone working a job

6 years severance probably helped! To those who haven't read the article, don't bother! That and their rental property in Tahoe income. I like the financial blogs out there but I don't fool myself that these people are living the FIRE lifestyle by simply leaving their job and doing minimum wage job...
by Jack FFR1846
Thu Aug 16, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Quote from Electrician
Replies: 28
Views: 1063

Re: Quote from Electrician

Interconnected smoke detectors have been required in my town (and I suspect the entire state) since I bought the house in 1992. Ours are all hardwired and have battery backup. The cost, I'm sure is the work involved to run wires from the single circuit (they have to be on their own, unshared ciruit)...
by Jack FFR1846
Thu Aug 16, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Fuji FC 440 Carbon Bike Fork and Fuji C7 Carbon Frame
Replies: 7
Views: 188

Re: Fuji FC 440 Carbon Bike Fork and Fuji C7 Carbon Frame

There are collectors if the frameset is old enough. I doubt this one is....they're typically looking for 70's and older Reynolds 531 tubes or Columbus (don't know the number offhand). Try craigslist. It's free and locals do look through it for deals. I sold my 74 Colin Laing/full campy bike on craig...
by Jack FFR1846
Wed Aug 15, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Discarding dead cell phone without purging my data
Replies: 26
Views: 1705

Re: Discarding dead cell phone without purging my data

Buncha amateurs. I scrap electronics for a hobby and for extra money. I can tell you that if you drill a hole in a hard drive platter, the data is recoverable. Magnets are your friend there. Breaking hundreds of disks into hundreds of pieces is your friend. But be careful, some game systems like X ...
by Jack FFR1846
Wed Aug 15, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 807

Re: College grant ( not loans ) eligibilty

I don't want to assume, so I'll just spurt out what I'm thinking..... "assets" also need to be defined. If you have a $3M house and $2M in retirement accounts but only $20k in taxable and retired and take in $15k a year, you're getting a boatload of aid. But if you have $350k in US savings bonds and...
by Jack FFR1846
Wed Aug 15, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1066

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

I like to test any theory or behavior by going to extremes. If DCA makes you feel better, what frequency should you use. I would submit that you should divide your buys into 1 minute intervals. So for a week, you should take your total amount to invest and make 1,950 separate "buy" purchases. Does t...
by Jack FFR1846
Wed Aug 15, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 807

Re: College grant ( not loans ) eligibilty

I am not comfortable giving out personal financial details as it is, especially not when I will not get anything out of it. I don’t think any university will require you to provide that information if you are willing to forgo grants. Correct? Change "grants" to "aid" and I'd say your statement is c...
by Jack FFR1846
Wed Aug 15, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 62
Views: 2925

Re: Best consumer products - made in USA

Schwin, along with Cannondale, is indeed owned by Dorel. Cannondale once upon a time made their aluminum frames in Pennsylvania. Almost no complete bike is "Made in the U.S.A.," as the components are made in Malaysia (Shimano), Taiwan (Sram), or maybe Italy (some Campagnolo). A lot of titanium fram...
by Jack FFR1846
Wed Aug 15, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 807

Re: College grant ( not loans ) eligibilty

Depends on the school. My son was applying to "better" schools as he wrapped up his freshman year. I can say that we're in that $500k countable assets category and I make too much money. But he was accepted at Boston University and given 2 grants totaling $13k. He ended up going to a more engineerin...
by Jack FFR1846
Wed Aug 15, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Discarding dead cell phone without purging my data
Replies: 26
Views: 1705

Re: Discarding dead cell phone without purging my data

Buncha amateurs. I scrap electronics for a hobby and for extra money. I can tell you that if you drill a hole in a hard drive platter, the data is recoverable. Magnets are your friend there. Breaking hundreds of disks into hundreds of pieces is your friend. But be careful, some game systems like X b...
by Jack FFR1846
Wed Aug 15, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Getting started - question on tax efficiency and AA
Replies: 5
Views: 320

Re: Getting started - question on tax efficiency and AA

Dump the Low Price stock fund. With electronic trading, nobody cares anymore if a stock is $3 or $300. The fund makes no sense.

Maybe Contrafund -----> FZROX (US stock zero fund).
by Jack FFR1846
Tue Aug 14, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 23
Views: 1001

Re: Negative Insurance Discount with United Health Care and Sentara

RudyS wrote:
Tue Aug 14, 2018 8:56 pm
If the contracted amount is $380, I do not understand why UHC isn't paying it. Seems you need to escalate this at UHC.
Deductible not yet met?
by Jack FFR1846
Tue Aug 14, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 31
Views: 2660

Re: Civil service: Long Shot Interview.. Would you go?

Why not? Maybe you get it....maybe you acquire someone to network with who points you to a job closer to where you are now at some intermediate salary.
by Jack FFR1846
Tue Aug 14, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?
Replies: 10
Views: 787

Re: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?

I like Paul's approach a lot. He calculates like he's an engineer. His precision rivals anyone out there that I've seen. He seems able to figure out the perfect portfolio down to the 1 cent graticule.

Then his portfolio is put up against 9 others and comes in last.

I'll stick with my 3 fund.
by Jack FFR1846
Tue Aug 14, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Travel over thanksgiving holiday, drive or fly?
Replies: 49
Views: 2010

Re: Travel over thanksgiving holiday, drive or fly?

If flights are delayed, the roads will be a mess too. Not necessarily. I'm thinking of a flight I made. Airplane could not land at destination airport. The 3 closest airports could not accommodate us. We went to our backup airport, which happened to be the airport we took off from. Upon arrival the...
by Jack FFR1846
Tue Aug 14, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Should I be worried about potential identity theft? Bizarre email/name mix up?
Replies: 16
Views: 920

Re: Should I be worried about potential identity theft? Bizarre email/name mix up?

The first thing *I* would do would be to determine where the email actually came from. In Outlook (what I use), put the email into the junk folder. Now highlight it and hit "block". It will now display the actual email address where the email came from. So instead of "macyreceipts@macys.com, it will...
by Jack FFR1846
Tue Aug 14, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 58
Views: 4507

Re: Marriage [How should finances be handled?]

Two words.....

Avalanche method

You're welcome
by Jack FFR1846
Tue Aug 14, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Travel over thanksgiving holiday, drive or fly?
Replies: 49
Views: 2010

Re: Travel over thanksgiving holiday, drive or fly?

Personally, I would drive, no question. The vast majority of your route is wide open highways, barring the normal Pennsylvania eternal construction. Planning your arrival into the NYC area during as much of a low time as possible would be the best plan, I think. Having led a prior lifetime on airpla...
by Jack FFR1846
Tue Aug 14, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 20949

Re: Invest in Tesla?

Perhaps it's time for Elon to step down as CEO and put someone in charge who knows how to properly run a public company. I get that he's a "big ideas" guy who wants to change the world. That's fine. As CTO, he can do that, setting the direction of what Tesla is going to do. He needs someone to grab ...
by Jack FFR1846
Tue Aug 14, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Low seven figure windfall looking for advice
Replies: 8
Views: 1771

Re: Low seven figure windfall looking for advice

What's the % on the European mortgage? Personally, I'm very debt averse and would pay off that mortgage unless it's some unbelievable rate like 1%. I paid my mortgage off years ago and have never regretted it. It's very nice to write a check for $0 every month instead of thousands.
by Jack FFR1846
Tue Aug 14, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5142

Re: Asked my advisor about fees and here's their reply

I thought of another reason why this advisor is not working for YOU. Say you invest $500 a week. Say he does the best he can and each $500 block only goes into 1 stock. This means that you're essentially paying $20/$500 or 4% on the buy. If you were to stay with this guy and eventually sell, you're ...
by Jack FFR1846
Tue Aug 14, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 92
Views: 5608

Re: Retire in Florida or Alabama?

I'd lean towards Virginia. No alligators.
by Jack FFR1846
Tue Aug 14, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5142

Re: Asked my advisor about fees and here's their reply

Ok, so where to go from here. You've told them to let everything ride, so that's good. Next, stop all contributions. In all accounts. Then, you want to find a new place where you can transfer everything in kind and get enough free trades that you can dump everything without cost and buy ETFs to star...
by Jack FFR1846
Mon Aug 13, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 2791

Re: Should I Do This? [borrow from relative to pay off loan]

Only seeing the credit score and your interest rate, I think I'd say no. You need to learn how to manage money and properly use credit. You won't do this if relative swoops in and absolves you of part of your debt. Thank the relative but decline, then work to reduce your debts on your own.
by Jack FFR1846
Sun Aug 12, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Vanguard Total Stock Market (VTI) or Total World (VT)?]
Replies: 29
Views: 2351

Re: Which is better?

Is someone really a BH if they don’t know these two symbols by now? Should be a pre-requisite. I use VTI. Doesn’t mean anything in regards to what the OP may consider better though. I consider myself a Boglehead. "You get what you don't pay for" to me means watching the ERs carefully. I can do this...
by Jack FFR1846
Sat Aug 11, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I even bother cashing in W-Life policy?
Replies: 5
Views: 857

Re: Why should I even bother cashing in W-Life policy?

Have you asked for an in force illustration? Although different, I had a Universal Life policy and when I looked at the illustration, I saw where the insurance premium increased every year. I too was letting the cash value pay for the premiums.
by Jack FFR1846
Sat Aug 11, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3058

Re: Financial Advidor Mandatory?

I can see where an advisor would help (himself) even when buying furniture...... Your friends: "hey advisor, we want to buy some model XYZ couches from Big Box Furniture for $1000. What do you think?" Advisor: "No, that's a big mistake that will cost (me). Buy those XYZ (exact same) couches from Sma...
by Jack FFR1846
Sat Aug 11, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 28
Views: 1788

Re: What to ask agent when seeking to cash out of Whole-Life policy?

Call the COMPANY directly and ask them for a surrender form. When you get it, send it back to the company. That's what I did. I had no agent involvement whatsoever.
by Jack FFR1846
Sat Aug 11, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4519

Re: Should I pay 6000.00 to repair wife's car....

An update on the stop straps. I was putting stuff into my 2014 Wrangler and realized that it has straps similar to Factory Five, but instead of thick leather, they sort of a nylon mesh. So you can likely go to your local Jeep dealer and buy a set. Maybe look in the showroom at a Wrangler to see how ...
by Jack FFR1846
Sat Aug 11, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 3612

Re: $1M in cash - invest or pay down mortgage

I'd think about it like this: They can park the money by paying the mortgage on the house for sale. When it does sell, they get it back again to make the decision what to do with the money. In the mean time, they reduce the mortgage interest they're paying.
by Jack FFR1846
Fri Aug 10, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4519

Re: Should I pay 6000.00 to repair wife's car....

I'm a pretty radical do it yourselfer and would certainly consider both of these issues to tell me that the car is from a crap manufacturer. I'm guessing either GM or Dodge. Anyways, what *I* would do for the doors is to buy stop straps meant for a hot rod or kit car. This is an easy, pretty no brai...
by Jack FFR1846
Fri Aug 10, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: Should I pay 6000.00 to repair wife's car....
Replies: 77
Views: 4519

Re: Should I pay 6000.00 to repair wife's car....

Why can't you just spell out what's wrong with the car? You had the $5000 problem welded but it broke again? What comes to mind is that your wife is driving a Ford Raptor and decided to go for some Youtube type jumps and you broke the frame like all the yahoos do who make youtube videos. Clearly not...
by Jack FFR1846
Fri Aug 10, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Property as an Investment?
Replies: 20
Views: 1014

Re: Rental Property as an Investment?

If nothing else, take a drive out there. North Adams is not Newton, MA. What do people do for work in North Adams? What's the unemployment rate? What's the average rent? What needs to be done to get the house up to par? Yah, the price is really low. But who will be renting there? If the current land...
by Jack FFR1846
Fri Aug 10, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property with Sibling Questions
Replies: 22
Views: 1539

Re: Rental Property with Sibling Questions

How about this? Your parents sell their house themselves. If you and your sister are itching to become partner landlords, you find a property that fits the requirements to give you income.
by Jack FFR1846
Fri Aug 10, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5364

Re: Should I accept a large cash gift from my mother?

Do you have kids in college? She can pay directly to the college to cover those costs and that contribution does not count towards gifts given.
by Jack FFR1846
Fri Aug 10, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7199

Re: The stock market is shrinking.

Mergers and acquisitions. When companies merge or one company buys another, what happens? The number of public companies listed drops by one. Just off the top of my head...... Where did all these public companies go? National Semiconductor Power Trends Unitrode Benchmarq Burr-Brown They've all been ...
by Jack FFR1846
Fri Aug 10, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7363

Re: Rude response from boss re: market adjustment

Companies generally don't offer raises at all unless they lose people. I've mentioned before that my last employer went 10 years without reviews or raises. The number of people lost was acceptable to them so they chose to be as cheap as they possibly could. Their risk? Well, the entire mechanical en...
by Jack FFR1846
Thu Aug 09, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14117

Re: Will you pay for your kids' college/graduate education?

Just for fun, I took our state University cost of attendance (rounded) or $30k. Next, I wanted to see how much part time work a kid would need to do to pay this on his own. $30k/$7.25 an hour (my state's minimum wage) = 4138 hours Assume the kid works every single day of the year. So 4138/365 = 11.3...
by Jack FFR1846
Thu Aug 09, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: WSJ: When to Pick Mutual Fund over ETF?
Replies: 16
Views: 1609

Re: WSJ: When to Pick Mutual Fund over ETF?

Mutual fund is beer in a bottle. ETF is beer in a can. Same beer inside. If you're buying an ETF during trading hours and it's a widely traded ETF, you're paying the spread of what? 2 cents a share? (I just looked at SCHB and it's exactly 2 cents a share). Big deal. If it bothers you, put in a limit...
by Jack FFR1846
Thu Aug 09, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: ESOP - Diversification options
Replies: 11
Views: 621

Re: ESOP - Diversification options

I would sell that 50% to the company to put into the 401k and sell the other 50% to invest per IPS.


(note: I sell my ESOP, RSUs the milisecond that I'm able to)
by Jack FFR1846
Thu Aug 09, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3523

Re: Saving Enough for Retirement vs Vacation Home

Bad idea.

Rent a place.

Rent a boat if you're at a lake.

When you get to the point where you have kids in college and are paying $100k a year to do it, you'll thank me.
by Jack FFR1846
Thu Aug 09, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2050

Re: Do Airlines measure checked baggages?

I saw it with Spirit Airlines. Weight limit was 40 pounds. The guy next to us rang up to 68 pounds. They made him remove things from the bag to come in under the limit. I remember wondering why someone going to Florida would have seemingly quarts of shampoo and conditioner. With the removal of a num...
by Jack FFR1846
Thu Aug 09, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Regarding FIRE
Replies: 10
Views: 917

Re: Regarding FIRE

I thought it was based on your investable assets (no house). It depends if your FIRE plan involves selling the house and moving to a lower cost of living area. If so, I don't see why you would exclude the house. This it the ideal. But you really have to do the math to see if that's going to save an...