Search found 239 matches

by 2pedals
Wed Oct 18, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Credit scores fell this month a lot for no reason
Replies: 38
Views: 2019

Re: Credit scores fell this month a lot for no reason

I had a perfect FICO score of 850 for years. After I paid off my home loan early my FICO score dropped to about 760. It has slowly worked it's way back up to 800. I payed off my home loan early, never had a late payment my whole life (now 58 years old), significant savings and my income has gone up ...
by 2pedals
Wed Oct 18, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 50
Views: 5657

Re: Larry Swedroe:Better To Face The Correction

Excellent article by Larry. Many good reasons we should not get fooled into the trading and timing gurus ideas.
by 2pedals
Tue Oct 17, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 67
Views: 6416

Re: Vanguard expects "decent sized correction" soon, sometime, maybe later

I got a kick out of the subtitle:
Critical information for the U.S. trading day
I guess since the U.S. trading day is over this information is no longer critical. :annoyed

In other news today "Alien life likely to be found on planet X, soon, maybe later".
by 2pedals
Mon Oct 16, 2017 10:20 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12049

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

I think you are treating Bogle's words like a Rorschach test. What he actually said was to bring your balance back to where it was before stocks increased drastically if you are nervous. Balance could mean your absolute holding, not a precentage asset allocation. He does not believe in rebalancing,...
by 2pedals
Sun Oct 15, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12049

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

So what is it or isn't. Jack Bogle suggested to make moderate adjustments to your asset allocations. It's the same advice if it was or wasn't fully valued. For me, adjusting my asset allocation would involve adjusting my target for rebalancing. But Bogle is against rebalancing, so there is no targe...
by 2pedals
Sat Oct 14, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 12049

Re: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17

So what is it or isn't. Jack Bogle suggested to make moderate adjustments to your asset allocations. It's the same advice if it was or wasn't fully valued.
by 2pedals
Sat Oct 14, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: How Do You Like My New 'Doo
Replies: 78
Views: 17841

Re: How Do You Like My New 'Doo

Nedsaid I really do appreciate you sharing your experiences with me and other Bogleheads. When I was younger, I was thinking that I could out smart the market. I did at times but I made some very serious mistakes in the 2008 drop. I did not understand how much a big market drop would scare me. I thi...
by 2pedals
Sat Oct 14, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 116
Views: 7798

Re: anyone else not liking the new cars?

just frank wrote:
Sat Oct 14, 2017 8:00 am
If it makes you feel better....those new cars will likely have terrible resale too after EVs take over.
I predict the trade-in value of my 1994 Plymouth will drop from $354 to $339 in a few years.
by 2pedals
Sat Oct 14, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 116
Views: 7798

Re: anyone else not liking the new cars?

I dislike the front grill look on many of the new cars, but I would buy any of them if in the market.
by 2pedals
Sat Oct 14, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, The Only Way To Beat The Stock Market
Replies: 5
Views: 2371

Re: Jack Bogle, The Only Way To Beat The Stock Market

Great interview even though the interview date is Nov. 2012 it is timeless.
by 2pedals
Tue Oct 10, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Personal advice
Replies: 13
Views: 1791

Re: Personal advice

The concept of moving from medical trainee to a million dollar income seams a bit much like a pipe dream to me. I think you need a realistically reassess your future business income and expenses.
by 2pedals
Tue Oct 10, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5462

Re: Pension Freeze - What did you do?

The weakest companies that have defined benefit pension plans gave up on them years ago. Companies that are moving to a defined contribution plan may or may not be financially stable. Today's companies that are transitioning have waited many years to do the transition already unlike the previous cro...
by 2pedals
Sun Oct 08, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

It is about 20k people, but nearby is a larger town about 100k people. She went to a "recommended" independent repair shop in the larger town, not exactly convenient.
by 2pedals
Sun Oct 08, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

Most Bogleheads recommend 1) leave it alone, it's between your Daughter and the shop, no suggestions on my part are not helpful, i.e. she should learn to handle this on her own 2) most likely a communication issue with the shop and Daughter and the shop is not at fault 3) don't ever go back to that ...
by 2pedals
Sat Oct 07, 2017 11:04 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

After talking to my Daughter today, it was clearly an auto repair bait and switch act. She clearly told the shop NOT to repair anything because she had and old car and was not willing to do too much. She wanted to know the total cost of repair before she put any money into it. She gave them the auth...
by 2pedals
Sat Oct 07, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

I'm sure there's some translation errors here. I got a chuckle out of "engine position sensor". The engine is under the hood. I expect it's probably a crank position sensor. Keep in mind that Hyundai has come a very long way since 2000. Back in 2000, they were total crap even brand new. My advice.....
by 2pedals
Fri Oct 06, 2017 10:19 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

Also consider option 6) Offer the car to the shop as full payment for the work that they have done. ( Added: Get it in writing) Assuming that they accept and assuming that " almost worthless" < $800 you should come out ahead. Worth a try but I don't think they will bite. My daughter asked them if t...
by 2pedals
Fri Oct 06, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Re: Daughter's auto repair shop problems, what should we do now?

Your daughter has a 2000 car. It is getting old. The problem is the shop didn't give the costs before doing the work. I think a new car is in the future. Option 5. Don't go back there again. She is 25 and started her first job last year after college and trying save as much money as possible. I did...
by 2pedals
Fri Oct 06, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Daughter's auto repair shop problems, what should we do now?
Replies: 34
Views: 3399

Daughter's auto repair shop problems, what should we do now?

My daughter went to get her car fixed. 2000 Hyundai Accent almost worthless. She was told she needed new engine mounts in a previous visit and they estimated the cost at $250, but did not repair them. A few days ago in the morning she could not get the car to start. Got a ride to work. She later abl...
by 2pedals
Fri Oct 06, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5462

Re: Pension Freeze - What did you do?

I have a very similar situation, my pension will "partially freeze" (no more service years added to formulation) at the end to 2018. I am 58 and plan to retire after the partial freeze. Many of my colleagues are the planning the same. Large difference in benefit accumulation before and after the par...
by 2pedals
Wed Oct 04, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4215

Re: another 2 comma club member

Welcome to the club and congratulations. Grab a :beer in the bogleheads fridge. Plenty more for new members
by 2pedals
Mon Oct 02, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7383

Re: What will happen if I refuse to pay a medical bill?

Almost positive you signed a patient responsibly form prior you receiving medical services. It will say, you are the responsible party , you are responsible if your insurance company declines to pay for any reason. If you are refuse to pay the bill you will be in violation of the contract you have w...
by 2pedals
Sat Sep 30, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Another Robo Advisor thread
Replies: 31
Views: 2070

Re: Another Robo Advisor thread

Why not invest in a Vanguard LifeStrategy fund or something similar such as Fidelity Asset Manager. Select your asset allocation. Your funds are automatically rebalanced. Not the same as target date funds since you do not have a target date.
by 2pedals
Sat Sep 30, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7383

Re: What will happen if I refuse to pay a medical bill?

I find insurance billing and medical expenses detestable. I get bills three years after having a procedure done that has already been paid for. I get bills for improper codes submitted to the insurance company. I get bills from the doctors office saying my insurance does not cover it and find out la...
by 2pedals
Tue Sep 26, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47115

Re: Equifax customer information leak

Okay, I was just thinking...why Krebs would say place an alert for ChexSystem rather than a freeze like he says to do for the big three and Innovis? He specifically says to place an ChexSystems alert to notify to keep eye out for fraud.
by 2pedals
Tue Sep 26, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47115

Re: Equifax customer information leak

According to Krebs on Security, a freeze at Chex Systems will prevent thieves from opening checking and savings accounts in my name. I assume that it would prevent me from buying certificates of deposit from banks as well. Would this be the case at banks that I already have certificates of deposit ...
by 2pedals
Tue Sep 26, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11037

Re: The Rolex and The Boglehead

I own a nice watch. It also monitors my fitness and heart rate. Love my Fitbit. :D I've owned many gps/hr monitor/step counting/abc mountaineering watches over the years. Fun to use them for a couple months, but the novelty quickly wears off, IMO. The one watch I wear today is a Timex Ironman watch...
by 2pedals
Sat Sep 23, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11631

Re: Lifestyle Creep

I am not sure I understand what lifestyle creep is. I am 58 yo and I never had a great desire to get too "spendy" and keep up with the Joneses. Although easily I could go out buy a luxury vehicle, I still drive economic cars for a very long time (> 15 years) and paid off my mortgage early. Never too...
by 2pedals
Sat Sep 16, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5146

Re: Mother-In-Law dying, Wife wants to buy a Porsche

Just like it says...My MIL was diagnosed with a Glioblastoma back in May. For those of you who don't know, this is basically a death sentence. She is 79 and was in decent health. We thought because they caught it before any major symptoms, she might get 18 months. She lived alone until this diagnos...
by 2pedals
Fri Sep 15, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Is a security freeze at Innovis really needed?
Replies: 68
Views: 25531

Re: Is a security freeze at Innovis really needed?

In theory, nasty criminals will go after whatever is least protected so those 2 micro bureaus Freezing everything might be a good idea. Then again, I won't say my social over an unencrypted phone line or send it over fax, and I believe much of the mail is scanned through the envelopes... Does anyon...
by 2pedals
Mon Sep 11, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47115

Re: Equifax customer information leak

My wife has an IP PIN from the IRS from a previous identity theft issue. If you get a letter from IRS to opt-in or if you lose your IP PIN you may need to lift your Equifax freeze to get an IP PIN. :annoyed

IRS IP PIN
by 2pedals
Sun Sep 10, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47115

Re: Equifax customer information leak

I have a question about freezing Chex Systems. Is it correct that Chex Systems is used when opening new bank accounts? And would this be recommended do to because of this leak? I assume I could thaw as neccessary if I needed a new bank account? Thanks. :sharebeer Freezing your Chex Systems reports ...
by 2pedals
Sun Sep 10, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47115

Re: Equifax customer information leak

I have a question about freezing Chex Systems. Is it correct that Chex Systems is used when opening new bank accounts? And would this be recommended do to because of this leak? I assume I could thaw as neccessary if I needed a new bank account? Thanks. :sharebeer Freezing your Chex Systems reports ...
by 2pedals
Wed Sep 06, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3416

Re: How much weight do you put on back-testing?

I never had a Doctor or anyone place any weight on my back for a test. Also troubling emotions can make pain much worse. :twisted:
by 2pedals
Mon Sep 04, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Denied for Citi Double Cash, but no record of application?
Replies: 18
Views: 2049

Re: Denied for Citi Double Cash, but no record of application?

I find that sometimes credit card customer service on the phone is sometimes very poor. Could it be that they could not verify who you were and refused to tell you anything except the information is in the mail. I had a frozen credit card for no reason. I called them up service was very rude, they w...
by 2pedals
Mon Sep 04, 2017 10:54 am
Forum: Investing - Theory, News & General
Topic: Has Firecalc or I-ORP altered your retirement plans?
Replies: 17
Views: 1997

Re: Has Firecalc or I-ORP altered your retirement plans?

Yes, mostly help me understand the timing of Roth conversions and how much and projected discretionary spending I might have and timing of SS. I really don't believe in extending my retirement date at this point, maybe if I had much less discretionary spending I would considered it and if my defined...
by 2pedals
Sun Sep 03, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Question on Portfolio
Replies: 6
Views: 408

Re: Question on Portfolio

It means you should be buying the total world stock market index instead.
by 2pedals
Sun Sep 03, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3675

Re: Things to buy/repair before (early) retirement

It makes no sense to me. To me you should be buying things when you need them, not before, unless you can get a very big discount, i.e. recessionary periods. I don't see how early retirement would change that.
by 2pedals
Sun Sep 03, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 461
Views: 41740

Re: Picking College and College Scholarships

daveydoo wrote:
Sat Sep 02, 2017 12:34 pm
livesoft wrote:
Sat Sep 02, 2017 8:56 am
Yep, the 2nd kid won't get any college visits until accepted and the 3rd kid won't visit their university before their freshman week.
+1. I was a third kid :D
...and...
I was a 4th kid and my high school physics teacher sent me on a field trip to the local state engineering school.
by 2pedals
Tue Aug 29, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should we let MIL pay off our mortgage?
Replies: 69
Views: 8802

Re: Should we let MIL pay off our mortgage?

Here's the scenario: My Mother-on-law sold her single-family house a few years back, and parked the proceeds in cash ($400,000). She has >$2M invested in various financial instruments (Balanced Funds, CDs, Annuities, our kids' 529) and wishes to re-invest the $400k in real estate. She DOES NOT want...
by 2pedals
Tue Aug 29, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: John Bogle video (discusses international)
Replies: 44
Views: 4020

Re: John Bogle video (discusses international)

Among many things Vanguard concludes an allocation between 20% and 40% is appropriate given the historical benefits of diversification. I have very little in international. When I run Vanguard Porfolio Watch, I get this message: "To further diversify your stock portfolio, consider allocating 30% to...
by 2pedals
Tue Aug 29, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8186

Re: Relative angry I will not co-sign

I feel sorry for your situation. My SIL played this shameless game with my DW in the 1990's. She approached my DW and told her that her small business would go broke without 50,000. She wanted us to lend her money. We did not. My DW cried for months because she felt much shame for not helping out. L...
by 2pedals
Sat Aug 26, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 31473

Re: What to do when a parent's money runs out?

I think you and your mother needs to find out what public assistance options are available to her. For example can she get some help from the Maine Housing Authority ? Looks like they would have several programs that could help her. home improvement help link . There are many programs available for ...
by 2pedals
Sat Aug 26, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2263
Views: 393240

Re: What's Your Credit Card Rewards Strategy?

An World Elite MasterCard would provide a complimentary upgrade at National or Avis rental cars. Has anybody used the an World Elite MasterCard for the rental car status upgrade for National or Avis? Does anybody have any experience with status upgrades at National (executive) and Avis (Preferred)? ...
by 2pedals
Sat Aug 26, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8207

Re: 33 years old, how am I doing ?

Any tax advantaged accounts for your wife?
by 2pedals
Thu Aug 24, 2017 9:57 pm
Forum: Investing - Theory, News & General
Topic: John Bogle video (discusses international)
Replies: 44
Views: 4020

Re: John Bogle video (discusses international)

Thanks for the link. You say you believe 100% that Jack says in the video, and you have 100% US equities. Do you not believe the conclusions made on page 13 here by Vanguard? Among many things Vanguard concludes an allocation between 20% and 40% is appropriate given the historical benefits of divers...
by 2pedals
Wed Aug 23, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6727

Re: Sigh...I'm ready for criticism...how am I doing?

I think you are doing quite well, like your investment approach. You have a big shovel so before you buy anything too fancy like a luxury car pay off your student loan is my advise. Somewhat shocking for a medical student that your loan was not more. Not sure I would want to be a landlord. I have he...
by 2pedals
Wed Aug 23, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6727

Re: Sigh...I'm ready for criticism...how am I doing?

Pay off your entire student loan, should be easy for you. What are you investing your invest-able money in? Asset allocation %Stocks, %bonds? Low expense ratio Index funds?
by 2pedals
Wed Aug 23, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Reduce future RMD before 70 1/2
Replies: 4
Views: 726

Re: Reduce future RMD before 70 1/2

You may consider using the extended version of I-ORP to help with your planning to reduce the RMDs.