Search found 71 matches

by logicteach
Fri Sep 18, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: ethics concern with trust
Replies: 74
Views: 5303

Re: ethics concern with trust

Contact the Board of Bar Overseers in the appropriate state and file a complaint. Then decide about legal action although it sounds like it may end up costing more than it's worth. I don't know what I would do in that case. It looks like you have one big legal mess; I'm so sorry! I don't know anythi...
by logicteach
Fri Sep 18, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: ethics concern with trust
Replies: 74
Views: 5303

Re: ethics concern with trust

Contact the Board of Bar Overseers in the appropriate state and file a complaint. Then decide about legal action although it sounds like it may end up costing more than it's worth. I don't know what I would do in that case. It looks like you have one big legal mess; I'm so sorry! I don't know anythi...
by logicteach
Fri Sep 18, 2020 7:26 am
Forum: Personal Consumer Issues
Topic: Cost of Goods in House?
Replies: 17
Views: 1827

Re: Cost of Goods in House?

I've done the sort of move (leaving most furniture behind) twice. There are basically two issues to consider: cost and your attachment to your belongings. Both times, I did have a lot of books to move. In my experience, it's cheaper to mail them to your new address (if possible) via media mail than ...
by logicteach
Tue Jul 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 5354

Re: Pay yourself first.

I transfer money to my various savings/IRA as soon as I get paid each month. If I have anything left over at the end of the month, I transfer that as well. The only disadvantage I've ever noticed is that I tend to think of myself as living paycheck to paycheck. I sometimes have to remind myself that...
by logicteach
Tue Jul 25, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 31004

Re: Buying house - Very important decision

I'm not as expert on financial matters as many of the people who have already responded but I did buy my first house 2 years ago. Believe me, you can't afford this house. Even if you can get a mortgage for this much, you shouldn't. You know how everyone warns you that there will be all sorts of expe...
by logicteach
Thu Jun 29, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: Effect of bankruptcy on ira
Replies: 23
Views: 3036

Re: Effect of bankruptcy on ira

Are you sure? My understanding was that IRAs are protected in bankruptcy under federal law. If you think bankruptcy might be in your future, you should check with a lawyer to be sure you're protected before you decide. Never mind, I see this has already been answered. The other responses weren't sho...
by logicteach
Wed Jun 28, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage pre-authorization
Replies: 7
Views: 1112

Re: Mortgage pre-authorization

I'm in Texas and bought two years ago this month. I know you really need a preapproval here to be taken seriously. That may not be true where you are but your realtor or banker should know.
by logicteach
Fri Jun 23, 2017 1:51 pm
Forum: Personal Investments
Topic: Investing Help. New Roth account
Replies: 5
Views: 875

Re: Investing Help. New Roth account

I got a late start as well. You'll probably get better specific advice than I could give you but, since it looks like you're wanting to retire about 4 years after me, I'll tell you that my Vanguard Rollover IRA is 50% Total Stock Market Admiral Shares (VTSAX), 20% Total International Stock Index Adm...
by logicteach
Fri Jun 23, 2017 1:36 pm
Forum: Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 41843

Re: Ally Bank - Is this a safe/best place to stash some cash?

I've had CDs with Ally ever since they took over GMAC bank. I would not risk this money since it is my emergency fund. I have no worries and no complaints.
by logicteach
Thu Jun 22, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Christine Benz: "How to Make the Most of Your 401(k)"
Replies: 24
Views: 5179

Re: Christine Benz: "How to Make the Most of Your 401(k)"

Just listened to Clark Howard podcast today, and in addition to the poor participation rate, he said a survey showed 43% cash their 401k out when they leave their jobs. :oops: I believe it! When I left my previous position, I had several friends who couldn't believe I rolled over my 403b rather tha...
by logicteach
Thu Jun 22, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 12978

Re: What is your car's average cost ownership?

Purchased my 2000 Ford Taurus used a little over 10 years ago. Expenses including purchase price, insurance, maintenance, tires, and repairs have been $7,850 not including gas. I was recently offered $1000 trade- in credit but decided to wait a little longer but will not deduct that from expenses si...
by logicteach
Wed Jun 21, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 33
Views: 5483

Re: Vanguard invite - transition to a Brokerage Acct

I only have a rollover IRA with Vanguard and a three fund index one at that. I've still somewhat new to investing. Can anyone tell me what practical difference it would make for me if this invitation did become mandatory? I like to learn from Bogleheads. Thanks!
by logicteach
Wed Jun 21, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 9978

Re: Co-workers advising to buy house RIGHT NOW

I remember being told the same thing right after the real estate bubble burst. I know it's tempting to move to take advantage of lower prices and mortgage rates, especially if you think prices/rates are going to jump significantly soon, but you should buy (if you want to) when you are ready consider...
by logicteach
Wed Jun 21, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Does geico provide a decent homeowners insurance?
Replies: 15
Views: 5749

Re: Does geico provide a decent homeowners insurance?

I have had Geico for my auto insurance for years and was very happy with it. I called Geico for homeowner's insurance when I was in the process of buying my house. I bought it well before we closed since I knew we would be in hurricane season by that time. It was for the best since, in fact, there w...
by logicteach
Fri Jun 16, 2017 5:02 pm
Forum: Personal Investments
Topic: New. Need help. IRA's...
Replies: 16
Views: 1210

Re: New. Need help. IRA's...

I think your co-workers are mistaken. I'm familiar with NetFidelity at my place of employment and it has some decent, low-cost funds available here, at any rate. What are your options as far as funds go? Also, do you have an emergency fund? What about bills and current debt? What is your plan for in...
by logicteach
Fri Jun 16, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 12083

Re: Is Inflation Dying of Old Age?

FrugalInvestor wrote:Eh, I've heard it all before. "This time it's different!" Usually it isn't. Time will tell but I won't assume that inflation is gone.

This!
by logicteach
Wed May 31, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer without an in person interview
Replies: 41
Views: 11723

Re: Job offer without an in person interview

I'm in academia so I know the process is a little different. I've been offered a couple of positions--including my current one--without an on-campus interview. In both cases, I did have at least one phone interview. In one case, they did have a video tape of one of my classes. It's getting more comm...
by logicteach
Wed May 31, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 3821

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a number of savings sub-accounts which are dedicated savings for future expenditures, for example, a new car account, a vacation account, an account for future house repairs. So I think I know what you mean by "buckets." I don't really know why I would need more than one checking ac...
by logicteach
Mon May 15, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 29557

Re: Tipping for restaurants where you order at the counter

At number 1 style, I never tip. The others I sometimes do even though I'm not sure it's justified. I do always tip when I pick up take out from a restaurant that has a dedicated take out counter like PF Changs. That's because students have told me that the servers for the take out counter are regula...
by logicteach
Mon Apr 03, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Boston apartment hunting advice/can I afford a studio?
Replies: 48
Views: 5245

Re: Boston apartment hunting advice/can I afford a studio?

You might also try the Somerville area; that used to have some reasonably affordable apartments. If you're dead set against a roommate, you'll need to move further out. If you move west of the city, Waltham is a nice place to live. You can still utilize public transportation but it is harder and les...
by logicteach
Sat Apr 01, 2017 7:48 pm
Forum: Personal Investments
Topic: low income earner, where to open an IRA
Replies: 11
Views: 1566

Re: low income earner, where to open an IRA

There are a lot of high earners on here but plenty of Bogleheads, myself included, are just middle-class people trying to make the most of what we've got just like you are. From what you say, I think you'll fit in fine on this forum and there are many, many very smart people to help. I have a rollov...
by logicteach
Mon Mar 20, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Back to School
Replies: 7
Views: 918

Re: Back to School

I agree with the other posters: this is not going to happen. If a doctorate degree would really benefit you, you need to find another way to go about it.
by logicteach
Sun Feb 19, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 59
Views: 6644

Re: Long Day Trip: Drive Old Car or Rent Car?

Hi Researcher, I actually didn't say, nor did I mean to suggest, that the OP should be frightened. I only said that I was to explain my reasons why I think the decision to rent is, at the least, not foolish. In addition, the original post seemed to be suggesting a concern about breakdowns and I can ...
by logicteach
Sun Feb 19, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 59
Views: 6644

Re: Long Day Trip: Drive Old Car or Rent Car?

I also drive an old car and rent for long trips. The peace of mind I have knowing I'm less likely to be stranded alone on a secluded road is more than worth the price. And it is fun to drive a newer car for a day or two. At those rates, it's a cheap upgrade for your trip. Go for it!
by logicteach
Sun Feb 12, 2017 4:56 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 101
Views: 18921

Re: Charles Schwab Experiences?

I've had a Roth IRA at Schwab for about four years with no problem. Their index funds are a little more expensive than the ones in my Vanguard account but they are also have lower minimum requirements if that's an issue. I have never gone into a Schwab office, I do everything online or by phone. I h...
by logicteach
Sat Feb 11, 2017 4:16 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 533
Views: 74332

Re: Your USER NAME...what does it mean?

I think mine's probably self-explanatory. I'm a philosopher who has taught logic for the past twenty years. Not very imaginative as user names go, but I couldn't think of anything clever.
by logicteach
Fri Jan 27, 2017 1:55 am
Forum: US Chapters
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 17685

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday with much thanks from one of the many strangers you have helped! You have changed lives for the better!
by logicteach
Sat Jan 14, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 93
Views: 11892

Re: Where do you keep your emergency fund?

I have a small amount ($1000-$2000) in the savings account associated with my BOA checking. I try not to ever have more in this count b/c there's really no interest. I think of it more as a slush fund and just keep it so I can transfer funds immediately. I keep 2-3 month living expenses in an online...
by logicteach
Sat Jan 14, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Opening Ally Bank Acct - Q's
Replies: 4
Views: 877

Re: Opening Ally Bank Acct - Q's

No, it shouldn't affect your credit score. At least, it didn't affect mine. I would allow 3-4 days for a transfer but Ally can give you better information if you talk to them directly. I would allow at least one extra day over what they suggest, however, to be on the safe side. Believe me, you do no...
by logicteach
Sat Nov 05, 2016 5:52 pm
Forum: Personal Investments
Topic: Schwab web site confusing
Replies: 11
Views: 2382

Re: Schwab web site confusing

I have an account with Schwab and I agree with Karamatsu: try pushing, rather than pulling. I use my BOA checking accounts bill pay feature and don't go through these steps. It does take a few days, but that is probably the case no matter how you deposit funds.
by logicteach
Sat Oct 29, 2016 8:54 am
Forum: Personal Consumer Issues
Topic: Grocery Stores Employing Customers
Replies: 59
Views: 9028

Re: Grocery Stores Employing Customers

When I go to HEB (regional chain) they bag my groceries and offer to carry them out. Walmart has pickup service in my area so they shop, bag, load in car for you when you come to pick up your order. Sprouts bags but nothing more. It could be that they always offer to help me out with my order at HEB...
by logicteach
Fri Jan 15, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 13702

Re: What age does LBYM (being a big saver) pay off?

I agree with what others have said. I also understand exactly what the OP is saying. I, too, am a relatively big saver and I always feel like money is really tight! As a matter of fact, I sometimes *feel* as though I'm just squeaking by--the feelings are just the result of putting savings first and ...
by logicteach
Fri Dec 18, 2015 5:48 pm
Forum: Investing - Theory, News & General
Topic: Why Bogleheads "Stay-The-Course"
Replies: 31
Views: 6384

Re: Why Bogleheads "Stay-The-Course"

Thanks! This does help keep things in perspective.
by logicteach
Fri Dec 18, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: Do you reinvest your dividends/capital gains?
Replies: 76
Views: 12104

Re: Do you reinvest your dividends/capital gains?

I reinvest everything. I'm still very much trying to grow a little wealth and reinvesting gives me a little extra help.
by logicteach
Mon Dec 14, 2015 8:51 pm
Forum: Personal Investments
Topic: Advice to nephew?
Replies: 8
Views: 1330

Re: Advice to nephew?

Thanks. I can't believe I didn't think to suggest a CD. First thing my mother advised me to do with a little cash when I was just post-college. Great suggestions about books as well. Any opinions on also suggesting I-bonds?
by logicteach
Mon Dec 14, 2015 11:17 am
Forum: Personal Investments
Topic: Advice to nephew?
Replies: 8
Views: 1330

Advice to nephew?

My 17 year-old nephew spent the weekend with me and some questions about investing came up. I was really happy to have the chance to explain a few things to him, but feel a little constrained. I would welcome comments/advice about two separate issues 1) should I persist in teaching him what I can ab...
by logicteach
Mon Dec 14, 2015 9:04 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 661
Views: 93753

Re: Flaunt Your High-Mileage Car

I drive a 2000 Ford Taurus. I bought it used for $3500 about 9 years ago. Currently has about 133,000 miles on it. I've had 3-4 repairs running an average of $300. Other than those, just routine. Hope to drive it another year or two.
by logicteach
Wed Dec 09, 2015 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get my life on track, need advice
Replies: 52
Views: 5455

Re: Trying to get my life on track, need advice

I guess I mainly want to support many of the ideas already given. Civil service or military may be a good opportunity for you. I would add to the community college suggestion that both you and your fiancé should check out the local community college right away. Don't just talk to admissions or look ...
by logicteach
Thu Dec 03, 2015 10:46 am
Forum: Personal Investments
Topic: What to do with my ROTH IRA?
Replies: 10
Views: 1449

Re: What to do with my ROTH IRA?

While I won't suggest a specific year or fund, I want to second the idea of a target date fund. Some of them are quite good and you can't beat them for simplicity! Later, if you find you enjoy learning about investing, you can move to something else--that's what I did. If, on the other hand, you fin...
by logicteach
Thu Dec 03, 2015 8:28 am
Forum: Personal Consumer Issues
Topic: iRobot Roomba--do you like it? Would you recommend?
Replies: 21
Views: 3670

Re: iRobot Roomba--do you like it? Would you recommend?

Does it work on hardwood floors or just carpet? I have only old hardwood, tile, and area rugs but I like what I'm hearing about pet hair!
by logicteach
Mon Nov 16, 2015 8:38 pm
Forum: Personal Investments
Topic: Shady behavior by Fidelity...sneaking sector funds into target date funds.
Replies: 35
Views: 5037

Re: Shady behavior by Fidelity...sneaking sector funds into target date funds.

I wouldn't worry about "shady" behavior by Fidelity too much. My first 403b was in a Fidelity Freedom Fund and I believe them to be good on the whole.
by logicteach
Sun Nov 01, 2015 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have?
Replies: 91
Views: 30462

Re: How Many Credit Cards Do You Have?

Four right now. I primarily use my BOA rewards Visa and my Discover.
by logicteach
Fri Oct 09, 2015 8:34 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 10276

Re: New investors: how did your first correction go?

I'm not really the target audience here since I went through 2008. Still . . .that was before I started learning about investing. I was in a target date fund only. I did keep increasing my contribution each year as I had hoped. But the only time I actually saw how my account was doing was on my quar...
by logicteach
Fri Oct 09, 2015 8:18 pm
Forum: Investing - Theory, News & General
Topic: A Hedge Fund Manager Shuts Down and Goes Bogle
Replies: 69
Views: 9950

Re: A Hedge Fund Manager Shuts Down and Goes Bogle

Thanks, Maynard, I think I've got it.
by logicteach
Fri Oct 09, 2015 9:30 am
Forum: Investing - Theory, News & General
Topic: A Hedge Fund Manager Shuts Down and Goes Bogle
Replies: 69
Views: 9950

Re: A Hedge Fund Manager Shuts Down and Goes Bogle

Just wanted to make sure everyone understood giving the views of legitimate experts heavier weight is not wrong in and of itself in any way. The problem is (in my opinion) that there are no legitimate experts on how to predict market movements. Quoting PhDs in economics when they make forecasts is ...
by logicteach
Thu Oct 08, 2015 8:40 am
Forum: Investing - Theory, News & General
Topic: A Hedge Fund Manager Shuts Down and Goes Bogle
Replies: 69
Views: 9950

Re: A Hedge Fund Manager Shuts Down and Goes Bogle

Yes, I can see that's true. I wasn't trying to contest your claim. I'm not even sure an economist is the person that could possibly count as an expert. I do understand that your claim is something more like "There are no experts when it comes to predicting . . . ." Is that correct? All I w...
by logicteach
Thu Oct 08, 2015 8:09 am
Forum: Investing - Theory, News & General
Topic: A Hedge Fund Manager Shuts Down and Goes Bogle
Replies: 69
Views: 9950

Re: A Hedge Fund Manager Shuts Down and Goes Bogle

This. Economics is a pseudo-science. I'm not saying that economists are not as smart as physicists or other scientists. I'm saying they are completely fooling themselves into thinking there is any sort of precision possible with their limited data sets, and constantly changing environments. And so ...
by logicteach
Thu Oct 08, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 35242

Re: What do you guys do on the side?

I entered my chosen profession quite late so, for the first few years, I worked every extra job I could get including teaching part time for another department, consulting, summer school(very profitable!). I'm now have a very heavy teaching load and a disability that saps my energy, so I'm mostly tr...
by logicteach
Wed Oct 07, 2015 7:24 pm
Forum: Personal Investments
Topic: Saying Thanks
Replies: 12
Views: 1531

Re: Saying Thanks

Thanks for starting the thread. I feel the same way. I've been reading for a few months and, between the reading list and the posts here on the forum, I'm really learning a lot. I'm starting to post a little in the hope that it will contribute to my education, but I just feel so unworthy compared to...
by logicteach
Tue Oct 06, 2015 7:39 pm
Forum: Investing - Theory, News & General
Topic: A Hedge Fund Manager Shuts Down and Goes Bogle
Replies: 69
Views: 9950

Re: A Hedge Fund Manager Shuts Down and Goes Bogle

Familiar with the quote, but not the calculation on which it is based. It would be a tricky thing to do. I would worry about false precision suggested by "473" million, given the number of estimates and guesses that would go into it. This. Economics is a pseudo-science. I'm not saying tha...