Search found 3136 matches

by Jags4186
Wed Apr 24, 2019 1:38 pm
Forum: Personal Investments
Topic: waiting for over 1 year to buy Norfolk Southern!
Replies: 21
Views: 1081

Re: waiting for over 1 year to buy Norfolk Southern!

Not sure when you inherited these stocks but a 25/25/25/25 split between these 4 companies since 2012 has underperformed the SP500 by 0.3%. I substituted Fortune Brands for American Brands since it is the successor company. So while yes, Norfolk Southern has done very well, it is apparent the rest o...
by Jags4186
Wed Apr 24, 2019 10:16 am
Forum: Personal Investments
Topic: Dump international?
Replies: 85
Views: 2747

Re: Dump international?

I have maintained a 15% allocation to International equities for about 11 years now and it has been an appalling drag on my returns. Looking at some charts now, VXUS has underperformed VTI by approximately 50% over the last five years, and 15 % over the past 12 months. I am thinking strongly of thr...
by Jags4186
Wed Apr 24, 2019 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate
Replies: 27
Views: 2402

Re: Savings rate

How do people calculate savings rate and what is it comprised of for FI purposes, People say 10-15% for standard retirement or 20-25% for early retirement and some people seem to save above this rate also, what is the savings rate comprised of? Is it Gross/Net income which is used to calculate the ...
by Jags4186
Tue Apr 23, 2019 8:51 pm
Forum: Personal Consumer Issues
Topic: Nonfinancial value of state university vs private college (USC)?
Replies: 57
Views: 2163

Re: Nonfinancial value of state university vs private college (USC)?

My son, a high school senior, is deciding between attending college at Univ of Maryland, which is our state school, vs USC. (Yes, he got in fair and square, please no comments that will derail the thread.) :happy He is interested in biochemistry, most likely PhD research, possibly health care. The ...
by Jags4186
Tue Apr 23, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 59
Views: 4532

Re: Who is buying 1-3 year old used Toyotas and Hondas?

There are manufacturer and dealer subsidies on new cars. There aren’t on used cars. Therefore the price is dislocated on new vs used. I suspect most of the used cars are not selling for the prices advertised—it’s a way of pushing someone to a new car.... “Why buy used when you can get new for the sa...
by Jags4186
Mon Apr 22, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 68
Views: 7064

Re: Housing: "Super Savers" vs. the "Rest"...

So OP, you bought a 4k sq ft home when you were a family of four? Even with kids at home it seems like you fit squarely in the top right corner of the second graph you posted, with over 1k sq ft. per person. Is that right? I'm surprised you were able to keep housing to 10-14% of income at that size...
by Jags4186
Mon Apr 22, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 49
Views: 4794

Re: Can one own a Porsche 911 that is not a money pit?

I currently own 4 Porsches, and sold a 1973 911S that I owned for 19 years. I paid $12K for the '73 and it ultimately sold at Gooding for $198K in 2013 ( https://www.youtube.com/watch?v=MCrVjzJ3C2s ). Very curious—how much did the auction house take and how much did you spend maintaining that car? ...
by Jags4186
Sun Apr 21, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: Apple Air
Replies: 20
Views: 1433

Re: Apple Air

The “Air” means nothing. It’s like asking what does the Latitude in Dell computers mean, or asking why Mercedes chose C, E, and S to differentiate their sedans. At time of release, the Air was a super slim and light laptop with a full size 13” display and keyboard. It was “light as air”. Over time t...
by Jags4186
Sun Apr 21, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to employer?
Replies: 24
Views: 1730

Re: Loan to employer?

The fact that she is “resentful” of your compensation when she is the one compensating you makes no sense. She can either pay you less or fire you and hire someone cheaper. If she thinks you “have the money” based on what she pays you then she may not be as bright as you believe. Do not lend the com...
by Jags4186
Sun Apr 21, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1288

Re: Credit and Debit card safety

But if I used the credit card for every little purchase, would the credit card bill be so big and confusing that I might not notice fraudulent charges? That's actually why I've started using cash more often. I hated at the end of the month to get a pages-long credit card bill and then feeling like ...
by Jags4186
Sun Apr 21, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit and Debit card safety
Replies: 26
Views: 1288

Re: Credit and Debit card safety

I only use a credit card for gas and groceries. For gas I have to enter my zip code, but for groceries I just put the card in the reader and I am done. I have not made any large purchase with a credit card in years, but I assume it is the same as groceries, that you can buy a $1000 TV by just stick...
by Jags4186
Sat Apr 20, 2019 6:07 pm
Forum: Personal Investments
Topic: Absolute Beginner Question
Replies: 11
Views: 1162

Re: Absolute Beginner Question

Hello, I've had my portfolio managed by an advisor for the past seven years. I pay her 1.35% of the assets she manages, which these days is turning out to be a chunk of change. I'd like to start learning about how to do this myself. Any book recommendations for learning the basics of managing one's...
by Jags4186
Sat Apr 20, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 36
Views: 2557

Re: Basement water issues

I think your best recourse is to sue the flipper and/or home inspector for failing to disclose this issue. This could be very difficult to do and the real issue is that the cost to sue could be greater than the cost to remediate. We looked into this on our house but let’s say we spent $10,000 on an...
by Jags4186
Sat Apr 20, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Apple MacBook Air - what to do next.
Replies: 45
Views: 2653

Re: Apple MacBook Air - what to do next.

I’ve replaced my MacBook Air battery twice. It’s really easy as long as you have the right tools. Get one of the Apple toolkits (like $7-$10 on Amazon/eBay) and a battery off Amazon. Takes no more that 15 minutes to replace and is a 2 on a scale of 1-10 on difficulty.
by Jags4186
Fri Apr 19, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 3081

Re: The reality of borrowing from your 401k for home mortgage

I don’t understand the problem with just living very cheaply for the first year or two you are married, saving a boat load of money, and then putting a 20% down payment on a $400k house.

If you’re making $150k/yr you should be able to save at least $4k a month and in 20 months you’d have $80k.
by Jags4186
Fri Apr 19, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1224

Re: Home Purchase Feasibility

I mean yes I agree with everyone else that this is a disaster in the making. Where are your budget items for... Restaurants Entertainment Cell Phones Internet/TV/Netflix some sort of in home entertainment Tolls Car Gas & Maintenance Gifts Medical (doctor, dentist, prescriptions) General household go...
by Jags4186
Fri Apr 19, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you play credit card bonus games?
Replies: 97
Views: 6425

Re: After financial independence, do you play credit card bonus games?

Banks did their best to gamify credit cards to entice people to spend more and make more money. In the process they made certain individuals realize that the game can be beaten. I plan on playing until it’s not fun. I don’t know if getting expensive stuff for free will ever not be fun! Even if I had...
by Jags4186
Thu Apr 18, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 26
Views: 3987

Re: Chase $300 bonus for a new saving account

I've done Chase 6 years in a row. This year I got a letter a week after opening the account in branch saying they were closing the accounts and sending me my money back. I fortunately had already ACH pushed to the account and when they returned my money it included the $300 checking bonus. Ugh. Hat...
by Jags4186
Thu Apr 18, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5297

Re: Bogleheads privacy warning

livesoft wrote:
Wed Apr 17, 2019 8:06 pm
I think I'm good since at home we have no gold, no cash, no jewelry, no guns, no drugs, and not much of anything of value.
Same here. I do have booby traps. Lots of booby traps.
by Jags4186
Wed Apr 17, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: How does Alliant Credit Union make money on their Credit Card?
Replies: 23
Views: 2215

Re: How does Alliant Credit Union make money on their Credit Card?

With Alliant Credit Union giving 3% flat cash back on all purchases on their credit cards, I wonder how do they make money on it. I believe that the interchange fee that they earn is less than the cash-back. There are absolutely no limitations on the cash-back except that it is for the first year a...
by Jags4186
Wed Apr 17, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: Do you pick up after renting a vacation rental?
Replies: 51
Views: 3402

Re: Do you pick up after renting a vacation rental?

Whatever the contract says. If it says to strip beds and run the washing machine we do that. If it says put all trash in XYZ place we do that. I don’t trash places so cleanup is easy. I generally look at total cost. If one rental is $1000 with a $175 fee and another equivalent is $1200 no fee I’ll c...
by Jags4186
Wed Apr 17, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 36
Views: 2557

Re: Basement water issues

I think your best recourse is to sue the flipper and/or home inspector for failing to disclose this issue. This could be very difficult to do and the real issue is that the cost to sue could be greater than the cost to remediate. We looked into this on our house but let’s say we spent $10,000 on an...
by Jags4186
Wed Apr 17, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 36
Views: 2557

Re: Basement water issues

We bought a house last year. The seller’s disclosure said it never had gotten water in the basement. In our first 3 months there we experience torrential rain (car floating away type of flooding in the area). Of course, we got water in our basement 3 times—and way more than just a “puddle”. Once I j...
by Jags4186
Tue Apr 16, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

I would suggest it’s none of your business unless they ask for money.
by Jags4186
Tue Apr 16, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

No, she was already graduated from law school. An associate is a position at a firm. Most first and second year associates, i.e. first year and second year attorneys at big law firms, are given truckloads of mundane work. Those who survive move up, others burn out from the work and go to lesser fir...
by Jags4186
Tue Apr 16, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

No, she was already graduated from law school. An associate is a position at a firm. Most first and second year associates, i.e. first year and second year attorneys at big law firms, are given truckloads of mundane work. Those who survive move up, others burn out from the work and go to lesser fir...
by Jags4186
Tue Apr 16, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

I’m not poo pooing a STEM degree. I think it’s wonderful if you are smart enough to make it. I happen to believe that for people who can get into the top schools in the country (and Berkeley, Michigan, UCLA are top schools) you will likely be somewhat successful in whatever path you choose. But not...
by Jags4186
Tue Apr 16, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

I’m not poo pooing a STEM degree. I think it’s wonderful if you are smart enough to make it. I happen to believe that for people who can get into the top schools in the country (and Berkeley, Michigan, UCLA are top schools) you will likely be somewhat successful in whatever path you choose. But not...
by Jags4186
Tue Apr 16, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

I’m not poo pooing a STEM degree. I think it’s wonderful if you are smart enough to make it. I happen to believe that for people who can get into the top schools in the country (and Berkeley, Michigan, UCLA are top schools) you will likely be somewhat successful in whatever path you choose. But not ...
by Jags4186
Tue Apr 16, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 22
Views: 1843

Re: Can we afford this house?

How much other money do you have? $215k in retirement is light at your age and income levels.
by Jags4186
Tue Apr 16, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

I have a degree in history and a minor in music. I managed to get a job graduating in spring 2008 making $50k and I make triple that now. While the minor was just for fun, the utility of the history degree has been high in my industry job and most employers have been receptive to it. You’d be surpr...
by Jags4186
Tue Apr 16, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2959

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

What ever happened to the idea of a liberal arts degree? You mean the liberal arts degree that is only really an option for rich kids who can mooch off their parents when they can't find a job after college? I mean, not everyone can afford to spend hundreds of thousands of dollars to debate whether...
by Jags4186
Mon Apr 15, 2019 6:57 pm
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 104
Views: 8147

Re: Luxury car recommendations?

IMO you aren’t missing anything. I had a Benz for many years and it was honestly the worst car I’ve ever had. Within a week you will tire of the do-dads and nick-knacks (which all cost a fortune to fix). Buy a Volkswagen to get some higher build quality without the gimmicks and be done IMO. I would...
by Jags4186
Mon Apr 15, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Cash Back CC Question
Replies: 4
Views: 774

Re: Fidelity 2% Cash Back CC Question

What you describe is a cash advance. There is usually a 3% or 5% fee plus interest accrued immediately. There are no rewards for cash advances.

If you need cash out of the ATM from your CMA you should use your Fidelity debit card.
by Jags4186
Mon Apr 15, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1786

Re: Financial Priorities - List

"4) My list is very short: Emergency fund: done Term life: done Max out HSA: done Max out retirement accounts: done Invest excess into taxable accounts: done Pay off low interest rate mortgage according to schedule: in process" Missing some key items in most lists such as health insurance , home in...
by Jags4186
Mon Apr 15, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1786

Re: Financial Priorities - List

Insightful comments! A few questions: 1. Where would you rank term insurance? 2. In terms of debt, just to be clarify, would you add a 3rd category = medium / average? And would you place it immediately above the Trad IRA / Roth? Any other categories of debt? 3. If you had VUL instead of Whole life...
by Jags4186
Sun Apr 14, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (March 2019)
Replies: 9
Views: 854

Re: madsinger monthly report (March 2019)

Hot hands is going 100% in to the best performing asset class from the prior year. "Hot Hands" is the previous calendar year's BEST Vanguard equity fund that is not a sector fund or high minimum, etc. It's not asset class based, unless the "best performing fund last year" was a targeted type (like ...
by Jags4186
Sun Apr 14, 2019 6:32 pm
Forum: Personal Consumer Issues
Topic: How to fix jerky images on streaming TV?
Replies: 29
Views: 1580

Re: How to fix jerky images on streaming TV?

After cutting the cord, I subscribed to YouTube TV with a Roku Streaming Stick+. Streaming to our 4 year old Vizio 52" TV has been problematic. Especially when watching sports, the images often become herky/jerky and robotic. I presume this is from buffering/interruptions in the streaming signal. I...
by Jags4186
Sun Apr 14, 2019 6:28 pm
Forum: Personal Consumer Issues
Topic: How to get rid of musty smell in house
Replies: 17
Views: 1503

Re: How to get rid of musty smell in house

When it rains a lot or gets very humid my house and especially my garage smells slightly musty. I think part of the problem is hanging too many damp things out to dry and possibly having the house get too hot while we’re away. Any tips for getting rid of the smell? You often hear about the new car ...
by Jags4186
Sun Apr 14, 2019 6:10 pm
Forum: Personal Investments
Topic: My pet peeve with Vanguard Personal Advisory Service
Replies: 14
Views: 2669

Re: My pet peeve with Vanguard Personal Advisory Service

It’s a tough business model to price. In order for financial advisors to be able to service people with small amounts of money they must make a lot of money from people who have a lot of money. While most on this forum have no need or use for a financial advisor, there are lots of people who need ha...
by Jags4186
Sun Apr 14, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (March 2019)
Replies: 9
Views: 854

Re: madsinger monthly report (March 2019)

Hot hands is going 100% in to the best performing asset class from the prior year.
by Jags4186
Sun Apr 14, 2019 9:43 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7013

Re: If you have plenty of money, why not 100% stocks in retirement?

Define plenty of money? 40x expenses? 50x expenses? 100x expenses? 400x expenses? Stock market dropped 90% in the depression. If you had 100x expenses all of a sudden you’d only have 10x expenses. Would you feel secure then? A retired person can have financial objectives beyond supporting actual ex...
by Jags4186
Sun Apr 14, 2019 9:33 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7013

Re: If you have plenty of money, why not 100% stocks in retirement?

Define plenty of money? 40x expenses? 50x expenses? 100x expenses? 400x expenses? Stock market dropped 90% in the depression. If you had 100x expenses all of a sudden you’d only have 10x expenses. Would you feel secure then? A retired person can have financial objectives beyond supporting actual ex...
by Jags4186
Sun Apr 14, 2019 9:26 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7013

Re: If you have plenty of money, why not 100% stocks in retirement?

Define plenty of money? 40x expenses? 50x expenses? 100x expenses? 400x expenses? Stock market dropped 90% in the depression. If you had 100x expenses all of a sudden you’d only have 10x expenses. Would you feel secure then?
by Jags4186
Sat Apr 13, 2019 2:05 pm
Forum: Investing - Theory, News & General
Topic: 700 Years of Falling Interest Rates, 1310-2018
Replies: 56
Views: 5995

Re: 700 Years of Falling Interest Rates, 1310-2018

Thesaints wrote:
Sat Apr 13, 2019 1:11 pm
Italy 80% of economy in 1400 ??
Italy had the only banks for 100s of years. Makes perfect sense that all real money would funnel through there.
by Jags4186
Sat Apr 13, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 666563

Re: What's Your Credit Card Rewards Strategy?

I don’t know where the boogie man argument of “protections afforded individuals are not provided for business cards.” Please document for me what protections you are not getting. The only T&C that is negative on the business card vs the personal cards is that the rental car CDW is only for rentals ...
by Jags4186
Sat Apr 13, 2019 11:22 am
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 5797

Re: Savings by 30?

But I also understand some points that I’m only 30 once and to enjoy a little. I do try to enjoy a nice bottle of wine and go out to nice restaurants every once in a while. Need to enjoy your way to the top... am I right? Not too much. It’s fine if you decide spending money on $100 bottles of wine ...
by Jags4186
Sat Apr 13, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 666563

Re: What's Your Credit Card Rewards Strategy?

This seems like a good place to ask this question. If it seems more appropriate for a new thread, the mods should feel free to move it. The Chase Ink Preferred is currently offering an 80K point sign-up bonus. I already have the Chase Sapphire Preferred card, so this sign-up bonus is very tempting....
by Jags4186
Sat Apr 13, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Geico price too low??
Replies: 13
Views: 1136

Re: Geico price too low??

It is a hamster wheel. Definitely go to an agent. In fact go to multiple agents as most of them only quote for certain companies. Depending on your state you could have 100s of insurance providers that you’ve never heard of that only sell through agents. I used to have Geico and Progressive prior to...
by Jags4186
Sat Apr 13, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Buying a new computer could use advice
Replies: 32
Views: 2639

Re: Buying a new computer could use advice

Mac Mini? Yes, except a decent mac mini will still be $1k, far exceeding the OP's budget of $500. Assuming this must be purchased from Best Buy. My recommendation: - Buy a computer for about $400 - Make sure it includes at least 8GB memory (prefer 16GB) - Budget $50 for a 256GB SDD, buy it at the s...