Search found 767 matches

by snackdog
Wed Nov 13, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Forgotten Expenses in Retirement--Travel
Replies: 27
Views: 1574

Re: Forgotten Expenses in Retirement--Travel

The good news is travel is usually discretionary, so if you didn't budget for it you don't have to spend anything on it. If you didn't budget enough, you just have to dial back your travel to what you can afford (e.g. less days, less distance, seedier hotels, re-positioning cruises, Southwest Airlin...
by snackdog
Tue Nov 12, 2019 1:50 pm
Forum: Personal Investments
Topic: Speculating - Chesapeake Energy (CHK)
Replies: 16
Views: 677

Re: Speculating - Chesapeake Energy (CHK)

If they no longer have the cash to drill (due to debt service obligations), their production will decline and their revenue/earnings/cash flow along with it. Shale and tight decline around 20% per year without drilling. A downward spiral to bankruptcy. As someone said, you are essentially betting on...
by snackdog
Tue Nov 12, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 137
Views: 20091

Re: Rich preparing for market drop

One should at all times be prepared for a catastrophic market drop, a frantic surge upward, and a prolonged sideways slide. Sooner or later they all occur and are equally impossible to predict.
by snackdog
Tue Nov 12, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house with no commissions,fair deal?
Replies: 38
Views: 1695

Re: Selling house with no commissions,fair deal?

I would not offer anything on repairs or solar lease. Tell them to take it or leave it. You want a clean and quick deal at fair market value. They can have the commissions savings since they are actually doing the work to earn that commission.
by snackdog
Mon Nov 11, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6772

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

If he is willing to sell the real estate (and pay any tax due), then yes he could probably survive 50-60 years on ~$40k/yr. Otherwise, it's not clear what he is netting on the real estate (after PITI and actual+planned expenses). If he needs $41K+$15K prop tax = $56K at 3% SWR, he should have nearly...
by snackdog
Sun Nov 10, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 10201

Re: Seller's agent not letting us use a buyer's agent

I would retain a local real estate attorney (for any transaction), listen to her advice, and potentially use her in lieu of the buyers agent since the remainder of the deal at this point is negotiations and legal.
by snackdog
Sun Nov 10, 2019 2:16 am
Forum: Personal Consumer Issues
Topic: House for Sale--How Much to Tell Potential Buyer
Replies: 35
Views: 2807

Re: House for Sale--How Much to Tell Potential Buyer

How about finding out where the business owner resides and giving them a taste of their own medicine a few nights a week?
by snackdog
Sat Nov 09, 2019 10:22 am
Forum: Personal Consumer Issues
Topic: Best fire monitoring system -ADT?
Replies: 7
Views: 223

Re: Best fire monitoring system -ADT?

Simplisafe is a great, cheap monitored option.

If you think you can respond quickly when away from home (e.g. see notice and call fire dept), Nest is also not a bad option as it will alert your telephone.
by snackdog
Sun Nov 03, 2019 6:36 am
Forum: Investing - Theory, News & General
Topic: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive way?
Replies: 21
Views: 1203

Re: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive w

Most people think of investing like gambling and would prefer the chance of a large upside to the guarantee of average performance. In this way, indexing is vaguely like being the casino owner and getting the average of the results of all the gamblers (who may individually get rich or leave broke) m...
by snackdog
Sun Nov 03, 2019 6:13 am
Forum: Investing - Theory, News & General
Topic: When someone says “X is a $120 million dollar company” what does that mean?
Replies: 20
Views: 2278

Re: When someone says “X is a $120 million dollar company” what does that mean?

It normally refers to value of the company, whether public or private. What could you buy it for today?

Revenue is meaningless. GE has annual revenue >$20B but recent net income of negative $10-20B. You could buy it for $90B (market cap), but would you?
by snackdog
Fri Nov 01, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: 40th Anniversary Travel Ideas
Replies: 26
Views: 1975

Re: 40th Anniversary Travel Ideas

You have to decide which cultures fit your personality better. Romance, crepes, coq au vin, Veuve Cliquot, Venus de Milo = Paris Drama/chaos, mopeds, osso bucco, chianti, limestone, David = Italy WWII, cold industrial setting, order/discipline, giant beer steins, singing = Berlin Marijuana/hedonism,...
by snackdog
Thu Oct 31, 2019 1:35 pm
Forum: Personal Consumer Issues
Topic: APC power backup for extended outages
Replies: 29
Views: 1324

Re: APC power backup for extended outages

For those who asked, yes my ISP was up the whole time Saturday-Wednesday during the PG&E blackouts. The neighbors were on it and it is locally managed with a generator. Thanks for the suggestions. I'm aware of whole house generators ($7-10,000+) plumbed into the electrical system which would be good...
by snackdog
Thu Oct 31, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: APC power backup for extended outages
Replies: 29
Views: 1324

APC power backup for extended outages

Has anyone installed an APC power backup for their wifi router which would give connectivity during extended outages (such as we just had in Norcal)? My ISP is always up but my APC could only power the router about 2 hours. I could upgrade to a bigger APC and perhaps an additional battery. But perha...
by snackdog
Wed Oct 30, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: Ford Expedition - possible lemon claim and what to do?
Replies: 32
Views: 1755

Re: Ford Expedition - possible lemon claim and what to do?

Your note and every response so far seems to assume the car is doomed to decades of breakdown and appropriate for a lemon lawsuit. I would be pushing like hell on the dealer to fix it, like within a day or two. Even if it takes them 45 days to fix, as long as you have some sort of loaner it is a who...
by snackdog
Wed Oct 30, 2019 5:40 am
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4685

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

I assemble 5 sandwiches on Sunday. Each morning I also boil 2 hard boiled eggs and toss a banana and maybe an apple in my lunch bag. One could also boil the eggs for the week on Sunday I just like them warm. Its very eady. I agree - one is better off making it at home and for way under $15/day. Mor...
by snackdog
Tue Oct 29, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4119

Re: California Fires: Landlord/Tenant Question

What if it is an AirBNB short term rental where the owner has a contract with PG&E and offers the place for rent with electricity? The renters have no lights or heat or maybe even water (if on a pump) and elect to shorten their stay. Could they request relief regarding the days they booked which did...
by snackdog
Tue Oct 29, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: Is it normal for a contractor to require 50% payment up front?
Replies: 52
Views: 3697

Re: Is it normal for a contractor to require 50% payment up front?

I found a contractor online via Yelp last week. Interviewed him (plus others) and then his brother on site twice to look in his eyes. Trust your intuition! Paid him 40% down last Thursday so he could order materials. He showed up right on time Monday morning and did a great job. This is Day 2 and th...
by snackdog
Tue Oct 29, 2019 11:50 am
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 106
Views: 7359

Re: Have you ever purchased a pricy musical instrument?

We recently got a good deal on a late-model Steinway D, which cost significantly more than all our vehicles combined. Spouse plays several hours per day and was not satisfied with the action and sound performance of alternatives. Violins are also on our list. They can be way more expensive than pian...
by snackdog
Mon Oct 28, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5458

Re: Home buying advice: Build new or buy used?

As always in real estate, location trumps everything so pick your location first. Go for the absolute best location you can afford with respect to commute, schools, or whatever you need. Start with the best neighborhood in the entire metro area and work from there until it matches your budget. A sma...
by snackdog
Mon Oct 28, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9713

Re: Do you plan to actually spend down your portfolio?

I guess someone could create a google sheet and ask members to include a note in their will that it be populated with their age and estate balance so we can collect some data.
by snackdog
Sun Oct 27, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas for February
Replies: 48
Views: 3921

Re: Vacation ideas for February

Anywhere between about 20 deg N and 50 deg S latitude should do the trick in Feb.
by snackdog
Sun Oct 27, 2019 8:29 am
Forum: Personal Consumer Issues
Topic: Bid on airline upgrade? (Icelandair)
Replies: 11
Views: 1014

Re: Bid on airline upgrade? (Icelandair)

I usually just ask the spouse if a comfy seat for a few hours is preferred over some substantial meal upgrades on the ground. I always get the same answer. The problem with seat upgrades is that you still are significantly uncomfortable because the remainder of the aircraft environmental issues stay...
by snackdog
Sat Oct 26, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: First Republic Bank doesn’t have physical coins
Replies: 76
Views: 4820

Re: First Republic Bank doesn’t have physical coins

I don’t do many cash transactions anymore but when I do I refuse any change in coins or just throw it in the tip jar. What’s the point?
by snackdog
Sat Oct 26, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 118
Views: 6296

Re: car battery change or not? 2 year old battery

Be sure you know in advance how many batteries your car has and where they are located. Some vehicles have two. Some locate the battery in the trunk or under a seat. Batteries are heavy. It is not impossible to injure yourself trying to lift one into a hard to reach spot. Why can’t auto manufacturer...
by snackdog
Fri Oct 25, 2019 9:10 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5213

Re: Anyone buying PG&E stock?

Dramatic News which has little to do with the cash flow of a company can make for a great buy. However, the lawsuits and bankruptcy are real in this case. It is possible the images of the wildfires depress the stock temporarily. Buy with caution.
by snackdog
Wed Oct 23, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6663

Re: Is principal portion of mortgage counted for savings rate purposes?

Savings should strictly be cash in your bank account. Once you take that money out of your bank account and buy something you have spent it. Maybe you bought something safe like a treasury bill, something volatile like a mutual fund or stock, a collectible stamp, or property. Any of these things may...
by snackdog
Sun Oct 20, 2019 6:47 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8150

Re: Wallets [Do you carry a wallet?]

Remember that the wallet is the purse for the man. It is a convenient place to store everything you could possibly need. Driving license SS card Amex Visa MC Diners card Discover Chevron Shell Costco AAA AARP Work badge Health insurance Prescription med card Grocery club cards for Kroger,Costco, etc...
by snackdog
Sat Oct 19, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: Any experiences (good/bad) with EasyJet for EU travel?
Replies: 24
Views: 1661

Re: Any experiences (good/bad) with EasyJet for EU travel?

There used to be a reality show about UK airports. The EasyJet stories were always the most outrageous and the customers furious at their treatment. It was fun to watch!
by snackdog
Sat Oct 19, 2019 6:40 am
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3733

Re: selling house, should we put in sod to replace ugly lawn?

Instead of considering the $2000 a selling expense, think of it as home maintenance which was deferred and now needs to be paid. Your neighbors will thank you, which is also a legitimate reason to keep the yard lovely.
by snackdog
Thu Oct 17, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: LG Refrigerator/Freezer lack of service saga
Replies: 39
Views: 2710

Re: LG Refrigerator/Freezer lack of service saga

I'm not convinced any of the modern appliances are particularly reliable. They seem to be made to fall apart within 7 years or so. LG and Samsung have the best prices, features and design. They also can be difficult to find qualified and willing service people. Pick your poison.
by snackdog
Thu Oct 17, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 9929

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

I've never purchased an iPhone (or any phone) because my employer provides them. But the iPhone 11 is the first I have ever coveted. I would love to be upgraded but that might require dropping my iPhone 8 in the toilet or something dumb. If not, I may purchase one because I want the upgraded camera.
by snackdog
Thu Oct 17, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10295

Re: What percent of net worth should a persons house be?

First home might be 100% and up even with minimal equity. At death it might also be 100% (paid off), if things have been timed properly. In between it could as low as you like down to even 0% if you don't own.
by snackdog
Wed Oct 16, 2019 10:22 am
Forum: Personal Investments
Topic: Lump Sum or monthly income?
Replies: 10
Views: 1329

Re: Lump Sum or monthly income?

Option 3 (age 60) has the highest NPV at a 7% discount rate. The lump is a non-starter. Age 60 has huge uplift over age 57, but age 65 is not worth waiting.
by snackdog
Mon Oct 14, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2609

Re: How much do you spend on clothing?

A bit under 1% of net income.
by snackdog
Sun Oct 13, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: GE Pension Buyout - which option?
Replies: 14
Views: 1645

Re: GE Pension Buyout - which option?

I must be doing the math wrong, so correct me. A) 403,000 lump sum 2019. Grows until 2026 then take out 42K/yr D) 42k/yr starting in 2026 for life. For option 1, using 5% return by 2026 it is $540K. Continue growing and taking out $42k/yr and it lasts until age 85 (2 years longer than a 65 year old ...
by snackdog
Thu Oct 10, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Neighbor filming a TV Show
Replies: 71
Views: 3849

Re: Neighbor filming a TV Show

Have you considered ringing the doorbell of the neighbor and sharing your concerns face-to-face?
by snackdog
Tue Oct 08, 2019 7:18 am
Forum: Personal Consumer Issues
Topic: Should I sell or keep my 5 year old depreciated Tesla
Replies: 89
Views: 7701

Re: Should I sell or keep my 5 year old depreciated Tesla

I guess if I was earning high six figures (say, $750K/yr), I would allocate 5% to vehicle and lease something decent for $2000/month. That would get you a gently used Bentley convertible or SUV. Or ten differently colored Accords.
by snackdog
Sun Oct 06, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: Kayaking & Fisherman - What is proper etiquette?
Replies: 33
Views: 3831

Re: Kayaking & Fisherman - What is proper etiquette?

Send Mr. Fisherman to a busy salmon river at the height of a run where one can't even find a place to stand and every other cast snags a neighbor. Then some idiot hooks into a big fish and goes running up the river screaming while people raise their rods and/or reel in like crazy. http://www.alaskaf...
by snackdog
Sun Oct 06, 2019 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 9424

Re: Car price ratio to NW

Net worth makes no sense at all. What should Elon Musk drive? Cash flow or net income is the metric you want. Given all the additional costs associated with a vehicle (gas, tires, insurance, maintenance), I would limit it to 5% of cash flow this way with extras it all stays well under 10%. The 5% ca...
by snackdog
Sun Oct 06, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Simple approach to retirement finances?
Replies: 15
Views: 1968

Re: Simple approach to retirement finances?

One more thing: if you are taking RMDs and all your IRA money is at Vanguard, do this in early January every year - Go to the VG web site and arrange to have your RMD distributed to you automatically. VG will calculate your RMD. You need to tell them when you want to receive it (e.g., monthly on th...
by snackdog
Sat Oct 05, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Simple approach to retirement finances?
Replies: 15
Views: 1968

Simple approach to retirement finances?

The number of things one must apparently juggle in retirement seem mind-boggling, even for a relatively simple case (IRAs, after tax savings, SS, etc). I've read all the intricate strategies for minimizing risk and tax liability and they are dizzying. Cap gains, SS timing, tax loss harvesting, Roth ...
by snackdog
Thu Oct 03, 2019 5:46 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 111
Views: 11485

Re: Anyonw driving Uber for fun and pocket money in retirement?

I recently had a Bay Area California rental from Thrifty for $91/week for an SUV. I should have Ubered the crap out of it! But I think Uber has to approve the car/VIN, etc. so changing frequently could be a pain.
by snackdog
Thu Oct 03, 2019 4:19 am
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3531

Re: Non stick pan preference?

The Jamie Oliver hard anodized premium series non stick are amazing. We have a couple that look brand new after nearly ten years of use. I’m sorry but anything else either requires too much work, too much oil or doesn’t perform well.
by snackdog
Tue Oct 01, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage math
Replies: 20
Views: 2089

Re: Mortgage math

Why not borrow as much as you can? I'm not sure how long you would to have exceed the minimum historical years to exceed 4% in all cases but it's probably 15-20 years. So, in the worst case, you would come out behind with the mortgage if you stopped the game after 15-20 years. But will you stop the ...
by snackdog
Mon Sep 30, 2019 11:56 am
Forum: Investing - Theory, News & General
Topic: How many Bogleheads do Real Estate Investing (not REITs)
Replies: 16
Views: 1620

Re: How many Bogleheads do Real Estate Investing (not REITs)

I'll start with cons first: 1) Illiquid investment 2) Lots of hidden costs (buying, selling, maintenance, repairs, etc.) 3) More subject to black swan events (squatter tenant, massive repair bills, etc.) 4) More work involved 1) real estate is as liquid or illiquid as you make it. 0% down and low c...
by snackdog
Mon Sep 30, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: When and should I buy dream car? 1997 Toyota Supra
Replies: 36
Views: 2716

Re: When and should I buy dream car? 1997 Toyota Supra

I like cars and have owned all sorts (from sport to luxury) of all ages (from newer to classic). I did stumble into buying a red sports car two years after graduation (income around $65K) but only paid $3500 for it. Fun and all but also a piece of crap in many respects. The car taught me many lesson...
by snackdog
Sun Sep 29, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: Lend my car or pay for rental?
Replies: 16
Views: 1757

Re: Lend my car or pay for rental?

It’s an old car, so just let her have it as agreed. We once let my father borrow the car for a week or so to visit his sister. He returned it raving about the strawberries he bought along the road. The lovely tan rear floor carpets were permanently stained red. A reminder of his visit for many years.
by snackdog
Sat Sep 28, 2019 7:28 am
Forum: Personal Consumer Issues
Topic: Mid-Century Sofa - Quality of Online Brands / Midrange Chains
Replies: 33
Views: 3065

Re: Mid-Century Sofa - Quality of Online Brands / Midrange Chains

For less than half the cost of new, you can buy real, actual mid century sofas which will last forever. There used to be a lady in the Bay area selling Danish furniture she imported monthly. When she had to make room for the next incoming container she would liquidate.
by snackdog
Sat Sep 28, 2019 7:26 am
Forum: Investing - Theory, News & General
Topic: When do you see effects of compound interest on net worth?
Replies: 36
Views: 4054

Re: When do you see effects of compound interest on net worth?

Many of you have yet to see your investment losses exceed your income. That's when you know you have some interesting savings.
by snackdog
Sat Sep 28, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever had to deal with an "evil" co-worker?
Replies: 11
Views: 1459

Re: Have you ever had to deal with an "evil" co-worker?

They exist in every work environment and setting you can imagine. Deal with them as best you can.