Search found 556 matches

by snackdog
Tue Jun 18, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Refusal to Disclose Language Before Writing?
Replies: 2
Views: 387

Re: Umbrella Insurance: Refusal to Disclose Language Before Writing?

Sounds like his underwriters will reserve the right to customize the language. Ask him to redact details but provide you with a copy of the language on any other recent Oakland umbrella he has written with the understanding yours will be probably different. Alternatively, get him to agree that the u...
by snackdog
Mon Jun 17, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 103
Views: 7792

Re: With hindsight, what signs indicated you were about to lose your job?

As they say, if you don't know who the mark is, it is probably you!
by snackdog
Sun Jun 16, 2019 12:50 pm
Forum: Personal Investments
Topic: What is most accurate income to mortgage calculation?
Replies: 14
Views: 891

Re: What is most accurate income to mortgage calculation?

The rule of thumb assumes around 5-20% down. You may be able to afford a $450K mortgage on a $10 million home ($2100/mo) but that doesn't mean you could afford the taxes and insurance (>$20,000/month around here).
by snackdog
Sun Jun 16, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 53
Views: 3270

Re: Alternatives to car rental for three months?

You can definitely get it under $700/mo with a major agency, like Budget, which offers monthly rentals.
by snackdog
Fri Jun 14, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 20963

Re: How have your homes as investments done?

We have been lucky (yet) to have not lost money on seven houses in 20 years but I know several otherwise savvy people who have lost $1-200,000 in the last decade or so. I doubt our real estate has done anywhere near what the stock market has done once you factor in all the costs.
by snackdog
Thu Jun 13, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Professional work titles
Replies: 30
Views: 2585

Re: Professional work titles

You are more free than you may realize to title yourself as you like. There are no rules! Put it on your business card and your resume. My last boss insisted on calling me a General Manager, even though that was stretching the truth within our megacorp. It made him feel more important to have GMs re...
by snackdog
Thu Jun 13, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Why is this cabin so inexpensive?
Replies: 15
Views: 1505

Re: Why is this cabin so inexpensive?

To be moved - they want it off their property. Should be free, realistically, as it will cost them a lot to demolish it.
by snackdog
Mon Jun 10, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6451

Re: Anything you wish you had spent money on when you were younger?

I regret not buying and holding more AAPL in the 80s. And I sorta regret not buying property in my 20s.
by snackdog
Mon Jun 10, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 233
Views: 12017

Re: I'm thinking about buying an exotic supercar anyone here done this and feedback?

I own a Tesla - Please don't spread rumors. What they are doing is good for us all. The constant negative narrative against one of the few companies that has a clear positive corporate mission statement is growing old. I also like what Tesla is doing, but I don't consider it a good track car. At le...
by snackdog
Sat Jun 08, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 136
Views: 8077

Re: Do you carry Umbrella Insurance?

Primary around 10% and umbrella an additional 50% or so.

At some stage net worth gets high enough that it makes more sense to just hire good lawyers (if you ever need them) than try to keep umbrella coverage equal to net worth.
by snackdog
Wed Jun 05, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 7678

Re: What flagship (even used) item is better than a budget new item?

Every single consumer product follows this rule. The used high quality item is better to own than the brand new garbage for the same price.
by snackdog
Tue Jun 04, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6954

Re: Do you drive old cars for long distance travels?

We normally pick up a full size car for about $30/day. This way we can abuse it, eat and drink inside, park it anywhere, let the dogs in the back seat, etc.
by snackdog
Sun Jun 02, 2019 2:51 am
Forum: Personal Consumer Issues
Topic: Santa Fe real estate
Replies: 64
Views: 4102

Re: Santa Fe real estate

There is not a lot to do there. But the weather is ok.
by snackdog
Sat Jun 01, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2642

Re: How do BH define Cost of Living Cities

This list jibes with my experience putting NY, HI, AK, CA cities at the top of the list. Bloomington IN surprised me at #9 but I haven't been there so I guess it must be pretty posh.

https://www.numbeo.com/cost-of-living/r ... region=019
by snackdog
Sat Jun 01, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How do BH define Cost of Living Cities
Replies: 48
Views: 2642

Re: How do BH define Cost of Living Cities

quantAndHold wrote:
Sat Jun 01, 2019 10:24 am

Renters in SF pay $4k for a decent 2 bedroom apartment no matter how long they’ve lived there.
Um, SF has pretty aggressive rent control (as do quite a few other places in the US including NYC), so the longer one has lived there the less one may be paying.
by snackdog
Fri May 31, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Airlines - Value of Free Travel
Replies: 62
Views: 4882

Re: Working for the Airlines - Value of Free Travel

If they hiring you at a high level, like captain, you could negotiate for seniority I suppose.
by snackdog
Fri May 31, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 350
Views: 33692

Re: For those who earn $500k+ per year. How'd you do that?

The lower end of middle level management at any significant western corporation should get you there, although you may need to include bonus and stock in some cases.
by snackdog
Fri May 31, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14863

Re: Fun paid jobs after FIRE

Most of you seem to be looking for something for yourselves. Seems to me if you have enjoyed a lucrative career and been able to stop working, it would be a good time to look around your local community for others less fortunate and find out how you can help them.
by snackdog
Fri May 31, 2019 10:34 am
Forum: Personal Investments
Topic: Retirement plan [Pension lump sum or annuity?]
Replies: 23
Views: 1501

Re: Retirement plan [Pension lump sum or annuity?]

That lump sum is derived assuming about a 4% CAGR. If you think you can do better than 4% long term, the lump sum is the better choice.
by snackdog
Thu May 30, 2019 9:22 am
Forum: Personal Investments
Topic: Ultimate Buy and Hold...thoughts?
Replies: 38
Views: 6097

Re: Ultimate Buy and Hold...thoughts?

ruralavalon wrote:
Thu May 30, 2019 8:07 am
whodidntante wrote:
Thu Apr 04, 2019 6:56 pm
Well, I like that you're asking about value now, instead of after a period where it soundly whipped growth.
Amen.
How does one effectively manage such market timing?
by snackdog
Thu May 30, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 252
Views: 21414

Re: Can I afford this 2.3 million dollar home?

Normally with an increasing income one could lean forward on the mortgage. If you could scrape together the down payment, I think you could buy up to $4 million which could get you some prime property in non-HCOL locations.
by snackdog
Wed May 29, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1375

Re: Group Ownership of a Car (partnership)

Would leasing instead of owning was any of the liability burden?
by snackdog
Wed May 29, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11739

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

A few points to ponder - Inflation forecasts. If the Fed are so adept at controlling inflation, why don't insurance companies offer COLAd SPIAs on terms more comparable to the non-COLAd ones? They seem quite unconvinced about inflation stability based on the large differences in terms (coupled with ...
by snackdog
Wed May 29, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: How to affordably get rid of home pool
Replies: 35
Views: 2464

Re: How to affordably get rid of home pool

I guess $5,000 is around average to fill one in. They would need to truck in the fill and move it to the pool area. In the meantime, you could pour bleach in the water to cut down the mozzies. You could also drill some holes in the bottom to drain it, assuming there is something permeable under it (...
by snackdog
Tue May 28, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Used Miata as a daily driver, terrible idea?
Replies: 44
Views: 2308

Re: Used Miata as a daily driver, terrible idea?

I can not imagine a more ideal car for your situation, freeway commute potential notwithstanding. Don’t walk, run to the used car lot. Test one and then go for it.
by snackdog
Tue May 28, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 131
Views: 11041

Re: Paying Kids For Good Grades -- do you do it?

It really depends on the situation. I have seen kids get straight As through high school with no incentive and others who couldn't get better than an F without a huge financial incentive. It never made sense to me to offer major incentives for a D, but to each his own.
by snackdog
Sun May 26, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: No more print Money magazine
Replies: 87
Views: 8568

Re: No more print Money magazine

I guess Money subscribers voted with their feet.
by snackdog
Sun May 26, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Where to buy products at TRUE wholesale prices?
Replies: 51
Views: 3890

Re: Where to buy products at TRUE wholesale prices?

Why not just approach local retailers (future competition) and ask where they source their merchandise?
by snackdog
Sun May 26, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: How to retire early by targeting a low/zero balance at the end of life?
Replies: 48
Views: 5278

Re: How to retire early by targeting a low/zero balance at the end of life?

Best approach is to minimize expenses to match SS income, then you can spend your savings by the time you reach 70. Anything left over is gravy.
by snackdog
Fri May 24, 2019 5:00 am
Forum: Personal Consumer Issues
Topic: What is the best way to test drive cars?
Replies: 39
Views: 2938

Re: What is the best way to test drive cars?

I bought a car last year. I found the one that interested me the most online (model, color, price), then phoned the dealer. I instructed the salesman to bring the car to my office at 2pm that day for a test drive. He showed up right on time. I inspected the car, jumped in, drove off, loved it. He an...
by snackdog
Thu May 23, 2019 6:58 pm
Forum: Personal Consumer Issues
Topic: Weber vs Broil King Grills
Replies: 25
Views: 2157

Re: Weber vs Broil King Grills

We moved around from grilling on the bbq after the American Cancer Society warnings came out.
by snackdog
Wed May 22, 2019 6:05 pm
Forum: Personal Consumer Issues
Topic: Best small AWD to 'drive into the ground'
Replies: 87
Views: 6096

Re: Best small AWD to 'drive into the ground'

The Subaru is the best bet by far for value, reliability and AWD performance.

https://www.youtube.com/watch?v=2OzK-oRPCbs
by snackdog
Sat May 18, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2919

Re: Crazy to Sell a Newer Car for an Older Car?

Get a 2010 Lexus for $10K. It will be better than your Camry and likely maintenance free.
by snackdog
Tue May 14, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Chrome or Brushed Nickel [Bathroom fixtures]
Replies: 29
Views: 2022

Re: Chrome or Brushed Nickel

Brushed nickel is pretty much last decade style. Chrome is in. And you need to wipe it each time it gets wet if you don't want water marks.
by snackdog
Sat May 11, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7202

Re: Which US city would you move to?

Well educated population, progressive place with diverse culture, dining, great flight connections, scenic beauty and excellent weather.
by snackdog
Sat May 11, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: Brother in law using our address
Replies: 12
Views: 1679

Re: Brother in law using our address

Sounds like you are looking for a good reason to cut him off.
by snackdog
Fri May 10, 2019 8:31 am
Forum: Personal Consumer Issues
Topic: Window replacement - any advice? Lessons learned?
Replies: 63
Views: 12593

Re: Window replacement - any advice? Lessons learned?

It all depends on what you need. We recently bought a new house that has the cheapest builder grade aluminum frame windows I have ever seen. They are single hung and sticky to open. The good news is we never open them because this is humid Texas. The bad news is our house is tall, un-shaded and face...
by snackdog
Fri May 10, 2019 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Going solar
Replies: 29
Views: 2316

Re: Going solar

Your electricity use or cost (or both) seem high. We pay about $.09/kWh and use about 500 kWh/mo to keep a 3300 sq ft Texas house very comfortable 24/7.
by snackdog
Thu May 09, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11278

Re: Rarely used items that are worth having?

cadreamer2015 wrote:
Fri May 03, 2019 11:32 am
Fire extinguisher
This is probably the most important one.

Some would add a defibrillator since heart disease is the biggest killer in the US, but they cost about $1300.
by snackdog
Thu May 09, 2019 8:34 am
Forum: Non-US Investing
Topic: Theory: Choose retirement country based on Forex rate
Replies: 32
Views: 2341

Re: Theory: Choose retirement country based on Forex rate

if you like playing Forex games, you could play them for years before retirement, investing in currencies you think will outperform vs your own. I was an expat in Australia in 2009. The Aussie dollar collapsed so I transferred a big chunk of US dollars over. I lived off those for years. If I had bee...
by snackdog
Wed May 08, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7665

Re: Walk away from my auto lease?

I guess the good news is that the transmission sacrificed itself and you didn't burn out them engine. That could have been next if you continued redlining it. The bill would have been far larger. You will pay for the transmission regardless of whether you keep the car, return it now or return it at ...
by snackdog
Wed May 08, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7665

Re: Walk away from my auto lease?

The things you do with your foot (clutch pedal) and hand (gear shift knob) can be hard on the clutch and/or the transmission gears/teeth. If one were to be reckless with the foot and hand, it could damage both. Any event where the clutch is not full engaged or disengaged is hard on the clutch. Think...
by snackdog
Wed May 08, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7665

Re: Walk away from my auto lease?

If you were in a situation in traffic involving a steep incline with stop-and-go traffic, this could wear the clutch pretty quickly (especially on a Porsche, Ferrari or Lambo). Or if your daily driving involves a lot of hills with stop-and-go (e.g. SF or LA hills). Breaking the transmission is a lot...
by snackdog
Wed May 08, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1061

Re: Aligning Insurance and Umbrella Limits

Take a look, its cheap to go from 300k to 1M on the primary. Then get it in writing that your umbrella will stack for 2M total It is already in writing if you have a policy. Read your contract. Mine says - "We will pay...excess insurance over and above the greater of: 1) the minimum limit of covera...
by snackdog
Tue May 07, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7665

Re: Walk away from my auto lease?

Any towing? Hill climbing? Drag racing?
by snackdog
Tue May 07, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 201
Views: 8758

Re: How do YOU make coffee?

La Pavoni hand lever. I didn't drink straight espresso shots until I picked this unit up last month. Now I can't bear any milk in the espresso as it ruins the flavor.
by snackdog
Tue May 07, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1061

Re: Aligning Insurance and Umbrella Limits

As most of you know, if you have an umbrella policy it is probably written through one of the larger umbrella companies even if sold through your insurer. My primary insurer is USAA, but the umbrella policy USAA sold me is through RLI. I called USAA and they confirmed the umbrella starts wherever th...
by snackdog
Tue May 07, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Aligning Insurance and Umbrella Limits
Replies: 16
Views: 1061

Re: Aligning Insurance and Umbrella Limits

They won't' overlap. The insurer sets a minimum for other policies (home, auto) and the umbrella picks up after that. They are different insurers. I can't see how they don't overlap. If I have a $500,000 claim, my primary insurer will cover it currently even though I am paying for umbrella starting...