Search found 1778 matches

by knpstr
Sat Nov 18, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 63
Views: 7428

Re: Water Heater Install $1,800!

That is the price I got quoted for 50-gal powervent purchase, install, haul away. Think that was $1,850 and I know the powervent models tend to run more expensive than the passive ones.

Ended up just getting a spare powervent from a contractor I use for my rentals for $100
by knpstr
Fri Nov 17, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 64
Views: 3497

Re: Tesla truck unnveil

The semi-truck seems like a pretty major investment in a segment with very discriminating customers and very long life expectancies - often in excess of 1 million miles. Tesla "claims" the semis will pay for themselves ($200,000) in 2 years, due to fuel/maintenance savings. Interesting the the Semi...
by knpstr
Fri Nov 17, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 64
Views: 3497

Re: Tesla truck unnveil

The roadster's torque is listed as 10,000 Nm ?!?

A Bugatti Chiron has "only" 1,600 Nm

That's crazy.
by knpstr
Wed Nov 15, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 160
Views: 12363

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 160
Views: 12363

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion. That sounds a lot like you need to pay cash because it serves as a replacement for planning and self control. Absolutely, when you s...
by knpstr
Wed Nov 15, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 160
Views: 12363

Re: Why pay cash for a car?

Many times paying cash "forces" one to buy a less expensive car than they otherwise would have when just looking at payment size; which is a good thing in my opinion.
by knpstr
Tue Nov 14, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: IPHONE 8, X
Replies: 39
Views: 1989

Re: IPHONE 8, X

Cash wrote:
Tue Nov 14, 2017 6:17 am
Not really sure why anyone would get an 8 over an X.
My wife says because the X doesn't come in Gold or Rose Gold.
by knpstr
Tue Nov 14, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7060

Re: GE and the myth of "safe blue-chip stocks"

Their are many "blue-chip" stocks that are no more, for one reason or another. Companies usually don't last forever.

That being said: Bogleheads should rejoice, GE CFO says the dividend cut is to focus more on "total return" for shareholders.
by knpstr
Wed Nov 08, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1246

Re: Talk me out of a barbelling / Larry-type portfolio

Seems incredibly risky to hold 60% of your long-term funds in bonds.
by knpstr
Sun Nov 05, 2017 8:52 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)
Replies: 33
Views: 5501

Re: Dave Ramsey sounded like a Boglehead today (Nov 2 2017)

1. I max out my 401k --> A Boglehead move 2. I do backdoor Roth IRAs --> A Boglehead move (** actually surprised he mentioned this as it's confusing and income bracket specific) 3. The rest of my extra money I put in a "no-load" S&P500 index fund --> A Boglehead move. 4. When my index fund gets big...
by knpstr
Fri Nov 03, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 89
Views: 7283

Re: Should I decline Grand Prize trip because of taxes on winnings?

Weird how you wouldn't want to take advantage of the opportunity given how you describe it. To be fair, a trip valued at $9,000 would normally "cost" $13,000 given your tax estimate. (since you'd have to make $13,000 at your tax rate to have $9,000 left over after tax to spend on a trip) So, would y...
by knpstr
Fri Nov 03, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1651

Re: Side Hustle

Our "side hustle" is rental real estate.
by knpstr
Thu Nov 02, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 2836

Re: Do you Mow your own Lawn?

I mow my own lawn.
by knpstr
Thu Nov 02, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. However, it is not clear at what point one should switch from what account they withdrawal from. After the market drops 10% from previous peak? After 20%? Who knows. Strangely enough, the net withdr...
by knpstr
Thu Nov 02, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

They get reduced to extremes because 100% of equities in the S&P500 is an extreme asset allocation, with extreme home bias. One can avoid such extreme comparisons by diversifying. Should I say: "Fortunately I never said that, if you look back at my statements." Of course it is worth noting however ...
by knpstr
Wed Nov 01, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one [has] a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have s...
by knpstr
Wed Nov 01, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

So 10% in bond won't help you in down market. You still draw RMD form 90% portion if market is down. When one is a flexible withdrawal rate of 3-4% having 10% in cash allows one to withdrawal solely from that for 2.5 year to 3.3 years. That should very much "help". Previous SWR discussion have show...
by knpstr
Wed Nov 01, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

Suppose you have 90/10 in your 401k and you need to take RMD, how is RMD going to be taken from from 90 or 10? Do you have to sell cheap if the market is bad? As far as RMD's go you have to withdraw whatever amount by law. If that amount exceeds the amount you wanted to withdrawal for living expens...
by knpstr
Wed Nov 01, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9361

Re: I'm fairly young but done with saving money

At what point does it make sense to just say: screw it, I don't need to worry about saving money anymore. To retire, we will need about 2M in net worth. I'd say when you reach 2M. I'm not a "bear" in the market, but it is possibly to have another 50% drop at any moment, in which case you would "onl...
by knpstr
Tue Oct 31, 2017 9:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or not to Avatar . . how did you choose or not choose?
Replies: 115
Views: 5160

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Went to school at Michigan State (fun fact: during those years joined the investment club and we took a trip to meet Warren Buffett in Omaha), so consider myself a Spartan. I also enjoy watching the football/basketball games each year.

Go Green! :beer
by knpstr
Tue Oct 31, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6316

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Yes this is "safe" insofar even if a paper check was sent the same info was given. If someone wants to steal from you, this information could be used against you, in the same way this very info can be given to utility companies to have them pull funds. However, it would not be hard to trace what hap...
by knpstr
Tue Oct 31, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

Saying that 90/10 S&P500/Treasuries will do fine is not the same as saying NOT to invest in U.S. or small caps (I agree it will do fine; yet I invest in both of those). This is another point that is often missed about Buffettisms. The person above said it was never made clear "...whether the truste...
by knpstr
Tue Oct 31, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

To take just one, Buffett never said "volatility is not risk." Warren Buffett's 2014 Letter to shareholders, pg.18 paragraph 7: "Volatility is far from synonymous with risk." Yes. That is quite a different statement. And the context is important, too: That lesson has not customarily been taught in ...
by knpstr
Tue Oct 31, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

Saying that 90/10 S&P500/Treasuries will do fine is not the same as saying NOT to invest in U.S. or small caps (I agree it will do fine; yet I invest in both of those). This is another point that is often missed about Buffettisms. The person above said it was never made clear "...whether the truste...
by knpstr
Tue Oct 31, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 8859

Re: Buffet "Key Indicator" near dangerous all-time high...

IMPORTANT: this is someone named Shawn Langlois talking, not Warren Buffett . It may well be correct that Warren Buffett once described his favorite market indicator as "the best single measure of where valuations stand at any given moment" and that when the metric exceeds certain levels, like it d...
by knpstr
Sat Oct 28, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18434

Re: Early-retired 35 year old with $1 million

Even if you don't "retire" the good news is you don't need to save any more money.

At age 55 your $1M will likely be over $4M even if you contribute $0 from now until then.

:beer
by knpstr
Fri Oct 27, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14499

Re: 2018 ACA rates now live....

... It's AGI but you add back any tax-exempt income that wasn't counted. Here's a complete list. PJW Yes, and for those that don't want to click here are the "steps" from healthcare.gov How to make an estimate of your expected income Step 1. Start with your household’s adjusted gross income (AGI) f...
by knpstr
Fri Oct 27, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14499

Re: 2018 ACA rates now live....

unclescrooge wrote:
Thu Oct 26, 2017 9:13 am
Is it income, or AGI? Would having a mortgage help?
It's MAGI

It's AGI but you add back any tax-exempt income that wasn't counted.
by knpstr
Fri Oct 27, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14499

Re: 2018 ACA rates now live....

MI bronze plan going up 22% from last year. - No subsidy
by knpstr
Fri Oct 27, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Pay off the car or not?
Replies: 25
Views: 1981

Re: Pay off the car or not?

If you want to keep your emergency fund at $5,000 then do so now.

Take the excess $19,000 and put towards the car loan. Then pay off the remaining $5,000 by paying extra on it each month.

:beer
by knpstr
Thu Oct 26, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Morningstar 5 star rating not meaningful.
Replies: 26
Views: 1759

Re: Morningstar 5 star rating not meaningful.

This just in, funds aren't predictable.
by knpstr
Wed Oct 25, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding sequence of returns risk?
Replies: 39
Views: 2735

Re: avoiding sequence of returns risk?

CULater wrote:
Tue Oct 24, 2017 8:18 pm
That's essentially my strategy. I have enough in "safe" investments to provide for my income needs. The rest is in stocks and I don't plan on touching that until I'm at least 90 years old, and may never touch it at all.
What are you hoping to buy at age 90, if you are still alive?
by knpstr
Wed Oct 25, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding sequence of returns risk?
Replies: 39
Views: 2735

Re: avoiding sequence of returns risk?

Dottie57 wrote:
Tue Oct 24, 2017 4:23 pm

Can you explain why 5years in fixed income = 80/20 asset?

Only thing I can figure is. 20= 1 part, 80 =4 parts. /25 year portfolio.......
It is assuming that you are withdrawing 4% per year for living expenses.
So to take 4% to live, times 5 years in a recession = 20%
by knpstr
Wed Oct 25, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: HELP! Possible Mold in House
Replies: 14
Views: 1541

Re: HELP! Possible Mold in House

I think before you can break your lease you need to notify the landlord about your concerns and give them "reasonable time" to fix it... assuming of course that there actually is an issue.
by knpstr
Mon Oct 23, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Seaking advice on Rentals...I’m lost!!
Replies: 5
Views: 753

Re: Seaking advice on Rentals...I’m lost!!

I think you need to figure out if you want to be landlords or not; what is your family dream? Use that to guide your decisions. Was the idea all along to have these properties to later sell to build a dream house? If so, you have your answer. Was the idea all along to have these properties to hold f...
by knpstr
Sun Oct 22, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Is my rental property worth keeping?
Replies: 28
Views: 1874

Re: Is my rental property worth keeping?

It's not worth keeping. You have $1,800 per YEAR in positive cash flow assuming 100% vacancies and no maintenance, which is an unrealistic assumption.
by knpstr
Sun Oct 22, 2017 8:09 am
Forum: Investing - Help with Personal Investments
Topic: How much emergency fund to keep? Where to put them?
Replies: 5
Views: 834

Re: How much emergency fund to keep? Where to put them?

The "first line" in emergency situation is reducing one's spending. Is all $120,000/year absolutely necessary? Or could it be trimmed back? If you made it through the 2008/9 crash in rentals, you've made it through the worst time in a long time. Maybe look back and see what your cash flow would have...
by knpstr
Thu Oct 19, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Wife New Car Recommendations - SUV
Replies: 55
Views: 5013

Re: Wife New Car Recommendations - SUV

HardHitter wrote:
Thu Oct 19, 2017 8:24 am
I asked her what she wants in a car and she said "just to look cool and have good features"
Go with the Jaguar F-Pace (yes it is ~double your budget)
by knpstr
Thu Oct 19, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 22
Views: 2142

Re: Warren Buffett Books

Hi Bogleheads - Has anyone read the following books: 1) The Snowball 2) Tap Dancing to Work 3) Buffett - The Making of an American Capitalist If so, what are your thoughts and perspectives? Best. I've read The Snowball and Buffett - The Making of an American Capitalist. A lot of "repeat stories" in...
by knpstr
Thu Oct 19, 2017 7:56 am
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 29
Views: 2942

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

I also keep the ~$5,000 cash in my HSA Bank account, not only to avoid fees, but I use my HSA as I go so to have that amount of cash available is necessary for my deductible. Everything else gets transferred over to TD to invest.

Doing this makes the fees incurred $0/year which is just a bonus. :beer
by knpstr
Tue Oct 10, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: Buffett: U.S. Stocks have been safer than Cash or Treasuries over the last 50 Years.
Replies: 19
Views: 2971

Re: Buffett: U.S. Stocks have been safer than Cash or Treasuries over the last 50 Years.

Surely you jest. And please don't call me Shirley. Warren Buffett is fully aware of index investing. He has been recommending it to us average know-nothing investors for years now. Warren is a value investor and he is a businessman, he looks to control whole businesses or large chunks. Index invest...
by knpstr
Sat Oct 07, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7692

Re: Do you want your receipt?

In these instances: I don't for personal purchases, only for business-related purchases
by knpstr
Thu Oct 05, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9983

Re: Current Bull Market could last years

I am wondering if it is time to rewrite all the finance literature to categorically state that 'stocks are least risky among cash, bonds and stocks'. That's Warren Buffett's position. Stock prices will always be far more volatile than cash-equivalent holdings. Over the long term , however, currency...
by knpstr
Fri Sep 29, 2017 1:30 pm
Forum: Personal Consumer Issues
Topic: Using full name for email - bad or good idea?
Replies: 37
Views: 19210

Re: Using full name for email - bad or good idea?

gmail does not make "." distinctions

So if first.last@gmail.com is available so is firstlast@gmail.com

both e-mail address will receive the exact same email.
by knpstr
Fri Sep 29, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3063

Re: Why is this person wrong? Says beating the market is easy.

EXACTLY!!!!! There are hundreds of highly elite masters of algorithms, THE smartest and most talented human beings who ever walked this earth, with more computing power that the world has ever seen, and all of the time they need to beat the market (not after work, or at lunchtime with our laptop) a...
by knpstr
Fri Sep 29, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7218

Re: 3 stages of Financial Independence

I would generally agree with your 3 descriptions. It is the same 3 steps as I have come across in other places as well stated as: 1. Financial Security 2. Financial Independence 3. Financial Freedom Although I don't necessarily agree with 2. stating "but you still keep an eye on spending" and 3. sta...
by knpstr
Fri Sep 29, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3063

Re: Why is this person wrong? Says beating the market is easy.

If someone is claiming to beat the market with 3x leveraged ETFs I'm going to discount their claims until they show a recognition that leveraged ETFs do not provide the simplistic intuitive results many people think they do. They showed no such recognition, so the prudent thing to do is to ignore t...
by knpstr
Fri Sep 29, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3063

Re: Why is this person wrong? Says beating the market is easy.

If beating the market is that easy for a pretty smart guy with a laptop, why aren't the huge firms with millions of dollars of computing power and a crack team of the top latest graduates from MIT, Harvard and CalTech doing it on a routine basis? EXACTLY!!!!! There are hundreds of highly elite mast...
by knpstr
Fri Sep 29, 2017 9:51 am
Forum: Investing - Theory, News & General
Topic: Why is this person wrong? Says beating the market is easy.
Replies: 30
Views: 3063

Re: Why is this person wrong? Says beating the market is easy.

If beating the market is that easy for a pretty smart guy with a laptop, why aren't the huge firms with millions of dollars of computing power and a crack team of the top latest graduates from MIT, Harvard and CalTech doing it on a routine basis? EXACTLY!!!!! There are hundreds of highly elite mast...