Search found 188 matches

by WS1
Sun May 24, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 60
Views: 4069

Re: If Jeep has such poor reliability, how come they are everywhere?

Because reliability is kind of a silly thing to measure. Nobody really remembers stuff failing sooner than it would on a Toyota.They remember catastrophic failures that leave them stranded and comically expensive repairs (like some German brands). My VW never left me stranded and I could always get ...
by WS1
Fri May 22, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 256
Views: 16457

Re: The axe falls and I am prepared. What's next?

<<you might consider getting an IT job with the local or state government if all else fails. >> This does not work. They will go for a cheaper and younger alternative. KlangFool My condolensces on your loss. I know you've written about this many times and you've had your own pesonal experiences wit...
by WS1
Fri May 22, 2020 3:38 pm
Forum: Personal Consumer Issues
Topic: Better to rent through Airbnb or VRBO?
Replies: 10
Views: 880

Re: Better to rent through Airbnb or VRBO?

It’s been almost 3 years since I’ve compared, but back then I think VRBO was less involved in the transaction and was basically just a marketplace. AirBnB kind of explicitly stood as the guarantor of the whole transaction

NO IDEA IF THIS IS STILL TRUE
by WS1
Thu May 21, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3841

Re: Contemplating expensive house purchase during pandemic

A few points of clarification: -Minimum income in the OP was 150+100+150=400 -I owned a house in another state for almost a decade, so I'm somewhat familiar with the associated costs - having an air conditioner go out, etc. I've been budgeting 0.5% of the purchase price for maintenance each year ($...
by WS1
Thu May 21, 2020 7:34 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 8616

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

Chinese companies also have a high debt load. From: https://www.bloomberg.com/news/articles/2020-03-29/china-s-corporate-deleveraging-campaign-may-be-set-back-by-years China’s nonfinancial corporate debt accounted for 156.7% of the country’s gross domestic product as of the third quarter of last ye...
by WS1
Tue May 19, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 37
Views: 2783

Re: Best credit card for grocery rewards

The magic of the Blue Cash Preferred is it’s 6% groceries and 3% on gas. If you don’t hit the $6000 grocery store cap every calendar year it’s not worth it.
by WS1
Tue May 19, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2445

Re: Potential relocation, how concerned should I be with a 4/10 school?

Dig deep because this is complicated. This link is for the blog of teacher in an affluent suburb of Springfield, MA that chose to raise his family an old urban core neighborhood for a laundry list of reasons. The important part he tries to hammer home in his school posts is that ratings are super mu...
by WS1
Tue May 19, 2020 8:52 am
Forum: Investing - Theory, News & General
Topic: Why don't investors hedge to the upside?
Replies: 14
Views: 969

Re: Why don't investors hedge to the upside?

I see a lot of investors buying Puts or hedging in case the market declines and crashes. They want some sort of insurance if you will to protect their investments from a sudden drop in value. Since markets go up over time, why don't investor hedge to the upside and buy Calls? :confused In my opinio...
by WS1
Mon May 18, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Will cash be obsolete in a new digital world?
Replies: 20
Views: 1036

Re: Will cash be obsolete in a new digital world?

There have been quite a few instances of restaurants and coffee shops in NYC going cashless. Eventually the city council made it against the law to refuse cash
by WS1
Mon May 18, 2020 9:45 am
Forum: Non-US Investing
Topic: What is the theory behind setting equity allocation to Global Cap Weight?
Replies: 9
Views: 568

Re: What is the theory behind setting equity allocation to Global Cap Weight?

Because it weights companies not countries and I don’t have the skills to make a specific bet on individual country weightings. Siamond recently put together a post looking at a minimum home market weighting. It’s detailed and the recommendations are very related to how much of the global market you...
by WS1
Sun May 17, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Need help from NYC Real Estate Experts!!!
Replies: 35
Views: 2882

Re: Need help from NYC Real Estate Experts!!!

I’d always thought the pied-a-terre value proposition was driven by insanely high mid week hotel rates. As someone very sympathetic to your plight, this would be my thought process. 1. Frequency of use 2. Cost of hotel for that number of nights (adjust up for peak weekends) 3. Are the hotel rooms in...
by WS1
Fri May 15, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 8502

Re: Vanguard Mutual Fund Platform EOL

Why is it so important to some long-time Vanguard customers to be able to automatically redirect the dividends of one fund into a different fund? Seems like a minor feature to me in the grand scheme of things. Personal example I hold a treasury and a corporate bond fund. I don’t wish to add to my t...
by WS1
Fri May 15, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15383

Re: Ben Felix - How to Retire Early (The 4% Rule)

You’re saying many couples live to be in their 90s and 100s? Who’s the one moving the goalposts and not understanding the data? Avg age of death in the US is 78. https://www.macrotrends.net/countries/USA/united-states/life-expectancy When will the nitpicking stop? All has been consistent with the s...
by WS1
Wed May 13, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Subaru 0% financing
Replies: 35
Views: 2866

Re: Subaru 0% financing

I did this two years ago. I joined the International Mountain Biking Association. It was advertised as a 6 month waiting period, but I requested the voucher after 2 or 3 and they sent it to me. I think it was 5% under invoice. Check the fine print on the financing. When I went the max term for 0% wa...
by WS1
Fri May 08, 2020 6:57 pm
Forum: Personal Consumer Issues
Topic: Audi A8 or keep looking?
Replies: 30
Views: 2353

Re: Audi A8 or keep looking?

How is the answer anything but this fire breathing v10 5 series?

https://youtu.be/8KMxRKvzbHQ
by WS1
Tue May 05, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3307

Re: [thinking about buying a house in LA, wait for RE crash?]

I think it’ll be slow and un-dramatic Don’t underestimate folks ability/desire to chew through of most of their savings to stay in their home. How many folks liquidated stock and bond portfolios(sacrificing retirement) to rebuild after sandy, katrina, ‘93 flood, etc? I’d guess most bogleheads are in...
by WS1
Tue May 05, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: The Fed buying Corporate Bond ETFs
Replies: 90
Views: 5266

Re: The Fed buying Corporate Bond ETFs

I don't think there is any intent to rescue investors, nor should there be. The object is to permit companies to issue new debt and roll over old debt in a stable market. Dale +1. You are correct. No one is getting bailed out, we should instead view it as extending the time to actual punishment at ...
by WS1
Tue May 05, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3307

Re: do you expect there to be a housing market crash? If so, when?

I've been in the market for a new house and nearly signed a contract before COVID came around. Prices in my area haven't budged. Sellers are just waiting it out and builders have yet to offer any type of significant incentives (in fact, most aren't offering any at all). The neighborhood I was looki...
by WS1
Tue May 05, 2020 1:20 pm
Forum: Personal Investments
Topic: Find myself with too much liquidity after *not* buying a house
Replies: 16
Views: 1382

Re: Find myself with too much liquidity after *not* buying a house

Bank and brokerage bonuses would be low hanging fruit. You have enough capital to basically get ALL of them at the same time. Then evaluate your situation.
by WS1
Mon May 04, 2020 12:47 pm
Forum: Personal Consumer Issues
Topic: Portable crib, non pack n' play?
Replies: 7
Views: 428

Re: Portable crib, non pack n' play?

We bought a replacement mattress for our pack n play—made it more comfortable but less portable.
by WS1
Sat May 02, 2020 11:55 am
Forum: Investing - Theory, News & General
Topic: The Collapse in Global Inflation Expectations
Replies: 106
Views: 6525

Re: The Collapse in Global Inflation Expectations

Your plan of 1% isn’t going to harm you, but I also doubt it will help much either. If the US goes into runaway inflation so will the rest of the world. There won’t be anywhere to run. I would recommend you stock up on some ammunition as well because if the day comes that you need your gold, someon...
by WS1
Mon Apr 27, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6052

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

Yes. I think it will likely result in much less working from home in our company. Productivity has dropped dramatically and our IT infrastructure cost is soaring. Corporate is already planning on redesigning workspaces to distance people. Money spent on the offices will neccissitate employees work ...
by WS1
Mon Apr 27, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6052

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

Yes. I think it will likely result in much less working from home in our company. Productivity has dropped dramatically and our IT infrastructure cost is soaring. Corporate is already planning on redesigning workspaces to distance people. Money spent on the offices will neccissitate employees work ...
by WS1
Mon Apr 27, 2020 8:58 am
Forum: Investing - Theory, News & General
Topic: First Inflation-Indexed Bonds in America, 1777-1780
Replies: 20
Views: 1307

Re: First Inflation-Indexed Bonds in America, 1777-1780

I’m going to hijack this thread

Anyone interested in financial and monetary history of this era should check out two books by William Hogeland

Founding Finance
Whiskey Rebellion
by WS1
Sat Apr 25, 2020 10:44 am
Forum: Personal Investments
Topic: Moving New Money to Cash
Replies: 23
Views: 2129

Re: Moving New Money to Cash

PMI is not disfiguring disease or a stain on your children’s reputation. It’s just a cost. Do the math This of course is very true! I think we all strive to invest and save in the most prudent and profitable manner we can. It's always about what is best and what gives the best return. Having bought...
by WS1
Sat Apr 25, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12685

Re: Moving out of NYC due to pandemic

Casimir wrote:
Sat Apr 25, 2020 10:22 am
NYC is not the place we would raise small children just starting school.
Why?
by WS1
Sat Apr 25, 2020 9:50 am
Forum: Personal Investments
Topic: Moving New Money to Cash
Replies: 23
Views: 2129

Re: Moving New Money to Cash

PMI is not disfiguring disease or a stain on your children’s reputation. It’s just a cost. Do the math
by WS1
Sat Apr 25, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12685

Re: Moving out of NYC due to pandemic

If I had surgeon money I never would have left Brooklyn Really? What is good about it, do you have family there? I thought north Chicago was great until I moved to California. Can never live in a place with snow again. We moved to the suburbs; still within the warm embrace of the commuter railroads...
by WS1
Thu Apr 23, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12685

Re: Moving out of NYC due to pandemic

If I had surgeon money I never would have left Brooklyn
by WS1
Tue Apr 21, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4354

Re: Advice on buying a weekend car

I'm biased but I highly recommend getting a Honda S2000, AP1 or AP2. I made the recent college graduate mistake of buying a car and this is my dream car since I saw it in the original Fast & Furious. One of the best things about the car is the community. I've done several rides with the S2000 group...
by WS1
Tue Apr 21, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4354

Re: Advice on buying a weekend car

How’s the s2000 market? It’s been 15 years since I was behind the wheel, but I still get goosebumps thinking about it.
by WS1
Tue Apr 21, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: The Fed may have fundamentally altered the nature of risk in the stock market
Replies: 51
Views: 6175

Re: The Fed may have fundamentally altered the nature of risk in the stock market

Great Depression could have been avoided if the Fed acted quickly, if they had all the back stops in place that we now have. It would have been still a great recession, without a need for asset prices to drop as much as they did, put people in soup lines, evicted from homes, etc. All the government...
by WS1
Tue Apr 21, 2020 11:38 am
Forum: Investing - Theory, News & General
Topic: The Fed may have fundamentally altered the nature of risk in the stock market
Replies: 51
Views: 6175

Re: The Fed may have fundamentally altered the nature of risk in the stock market

But how can you rely on them bailing out stock market next time when you need it and not when it's convenient for them? This is same as expecting to receive 600/month next time there is a spike in unemployment. Is that now guaranteed? If no, why stock market? That's $600 per week (extra), btw. My n...
by WS1
Tue Apr 21, 2020 11:34 am
Forum: Investing - Theory, News & General
Topic: The Fed may have fundamentally altered the nature of risk in the stock market
Replies: 51
Views: 6175

Re: The Fed may have fundamentally altered the nature of risk in the stock market

Also, my experience, as foreigner who who experienced hyperinflation and confiscative money reforms several times, is that the government is not your friend. You may have benefitted from their actions now, but they will not hesitate to throw you under a bus the moment they think they can get some a...
by WS1
Tue Apr 21, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Coffee Experts - Help with an online coffee order
Replies: 33
Views: 2592

Re: Coffee Experts - Help with an online coffee order

:oops: forgot my recommendations

Parlor Coffee
Sey Coffee
Georgio’s Coffee
by WS1
Tue Apr 21, 2020 7:24 am
Forum: Personal Consumer Issues
Topic: Coffee Experts - Help with an online coffee order
Replies: 33
Views: 2592

Re: Coffee Experts - Help with an online coffee order

I am 110% on board with the very light roasting that has recently become popular, but I would be hesitant to spend good money on a fancy light roast for cold brew. I think the brewing process really accentuates the chocolate/nutty components of the flavor which just don’t exist in a something like a...
by WS1
Fri Apr 17, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: What are you listening to now (new music edition)
Replies: 3
Views: 220

Re: What are you listening to now (new music edition)

On a Bluegrass/roots kick lately.

Billy Strings
Greensky Bluegrass
The Steeldrivers (first 2 albums with Chris Stapleton)
by WS1
Thu Apr 16, 2020 1:36 pm
Forum: Personal Investments
Topic: Why has the advice on how much house to buy changed over the years?
Replies: 37
Views: 1497

Re: Why has the advice on how much house to buy changed over the years?

I believe the premise is wrong. The average size of new homes built in the United States grew 62 percent from 1,660 square feet in 1973 to 2,687 square feet in 2015, an increase of 1,027 square feet, according to the U.S. Census Bureau. When people buy single family homes, they're not buying the ba...
by WS1
Wed Apr 15, 2020 8:58 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 183
Views: 19646

Re: Please share some lifestyle creep you regret.

Luxury Car . Bought an X5. Regretted it when I got home and saw how much Gas it had used on the trip home from the showroom (showroom was about 40-50 miles away from my place). Luckily it was from Carmax, so returned it the very next day, so only ended up losing money on the gas. :D Designer Clothe...
by WS1
Wed Apr 15, 2020 1:51 pm
Forum: Personal Investments
Topic: Who here is equal weight by size?
Replies: 3
Views: 255

Re: Who here is equal weight by size?

I’m something like 40% s&p 500, 30% s&p 400, 30% s&p 600

I couldn’t shake the feeling that total market was too light on small and mid caps, and I figured this was an imperfect strategy I could stick with.
by WS1
Sat Apr 11, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA
Replies: 8
Views: 239

Re: Dependent Care FSA

Does the money rollover to the next calendar year? It sort of rolls. Mine has some sort of grace period to use in the following calendar year but I don’t know if it’s a plan rule or IRS rule. I’m surprised you’ve contributed that much in 2020. My plan will only do 24 equal contributions. As long as...
by WS1
Sat Apr 11, 2020 10:09 am
Forum: Personal Consumer Issues
Topic: Outside of stocks, what else is a screaming good deal now?
Replies: 64
Views: 7087

Re: Outside of stocks, what else is a screaming good deal now?

ronno2018 wrote:
Thu Apr 09, 2020 7:41 pm
WS1 wrote:
Wed Apr 08, 2020 5:13 pm
Let me know when I can pull the trigger on a used rolex
Yes, tell me where to buy one too! :sharebeer
The webernet

Bob’s Watches
Crown and Caliber
by WS1
Sat Apr 11, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Had trouble finding an easy-to-use Spending/Investment Tracking software. What's your favorite?
Replies: 19
Views: 1038

Re: Had trouble finding an easy-to-use Spending/Investment Tracking software. What's your favorite?

I’ve been using ynab since 2014. Unlike some cranky, long time users I hated the old “manual-entry” focus of the old version and like the current web based version with easy importing. You can make it simple or complex and the iOS app is great too. I have a handful of broad daily categories that I w...
by WS1
Thu Apr 09, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in career - what did you do to "unstuck" yourself?
Replies: 41
Views: 3682

Re: Feeling stuck in career - what did you do to "unstuck" yourself?

Yikes

Everyone is focused on the “get married have kids” half of the post and ignoring the “focus on others” message in the 2nd half of the post.
by WS1
Wed Apr 08, 2020 5:13 pm
Forum: Personal Consumer Issues
Topic: Outside of stocks, what else is a screaming good deal now?
Replies: 64
Views: 7087

Re: Outside of stocks, what else is a screaming good deal now?

Let me know when I can pull the trigger on a used rolex
by WS1
Wed Apr 08, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1474
Views: 119117

Re: Small Cap Value heads Rejoice !!!

REITs may well not be a unique asset class. Their performance can be replicated, perhaps more efficiently, with exposure to market beta, small value, term, and credit. Larry Swedroe has written on this. Dave I’ve read and thought about REITs a fair amount and I can’t shake the feeling nobody would ...
by WS1
Tue Apr 07, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)
Replies: 40
Views: 2383

Re: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)

If you are living 35 miles east of Brooklyn... you're in Plainview, Bellmore, Farmingdale,... something like that. You are not living in NYC... and you're going to hate it. I'd either live in the city and commute to work (assuming the office is near the LIRR) but if not then I wouldn't even conside...
by WS1
Tue Apr 07, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)
Replies: 40
Views: 2383

Re: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)

Do not rule out Brooklyn or Queens. There are many desirable neighborhoods with good access to the major LIRR stops- Atlantic Terminal, Woodside, Jamaica. How will you travel to and from the LIRR stop by work? There are a handful of more lively urban places on Long Island, but their urbanity is most...
by WS1
Tue Apr 07, 2020 1:33 pm
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6571

Re: Modern Monetary Theory

MMT is some new ideas and some new packaging. Cullen Roche at Pragmatic Capitalism started exploring MMT as a better description of reality when inflation didn’t appear after QE and during the debt ceiling fight. His numerous articles kind of unroll how the theory has some things to teach but it’s ...