Search found 354 matches

by Daryl
Sat Dec 16, 2017 5:55 am
Forum: Personal Consumer Issues
Topic: New Car - Always use parking brake ?
Replies: 13
Views: 1325

Re: New Car - Always use parking brake ?

Now most new cars do not have separate parking brake pads. The parking brake deployment actually rotates and adjusts the rear brake pads when you apply and release the parking brake. Disc brake pads do not "rotate." They sit in a groove and are pressed firmly onto the disc when braking. The brakes ...
by Daryl
Sat Dec 09, 2017 7:18 am
Forum: Personal Consumer Issues
Topic: Danger of being a helicopter pilot?
Replies: 40
Views: 3707

Re: Danger of being a helicopter pilot?

Do you have any time logged in any other types of aircraft? Licensees / certificates? I'm a Private Pilot (ASEL - Airplane Single Engine Land). I love flying and would encourage everyone to sit in the cockpit at least once in their life. There is nothing quite like your first time taking the control...
by Daryl
Sun Dec 03, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1648

Re: Umbrella insurance when assets mainly in trusts

Are you considering umbrella insurance for asset production purposes, or to ensure that any individual who could be injured through your acts/omissions receives some financial compensation to help restore them (to the extent possible) to their pre-accident condition?
by Daryl
Thu Nov 30, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- November
Replies: 6
Views: 876

Re: BOGLEHEAD CONTEST -- November

11 months ago I thought I was bullish. Now I'm solidly in the wrong column!
by Daryl
Fri Nov 17, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 11
Views: 1287

Re: Marijuana stocks

I own some. That is the beauty of the Total Stock Market Index!
by Daryl
Wed Nov 15, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on commercial liability insurance
Replies: 9
Views: 608

Re: Advice on commercial liability insurance

Most definitely. The claimant will name both the business and the driver (you) in any lawsuit. Any agent/broker worth working with will help you understand your exposure and recommend the best policies for your unique circumstances. It wouldn't hurt to take those policies to another agent/broker for...
by Daryl
Wed Nov 15, 2017 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1299

Re: Scooter insurance for a 20 year old college student

Consider enrolling him in a motorcycle safety class. There is a lot to know about lane position, collision avoidance and escape tactics. If this gives you a discounted rate, great. Either way it will be safer for him. I’ve been riding since I was a teenager- 50 years just about. No accidents. +1 I ...
by Daryl
Tue Nov 14, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Scooter insurance for a 20 year old college student
Replies: 22
Views: 1299

Re: Scooter insurance for a 20 year old college student

Just to provide some context, I have a 1,500cc motorcycle. Liability coverage is less than $120 / year with a national insurance carrier. I also have auto, renters, and excess liability with the same carrier.
by Daryl
Tue Nov 14, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2442

Re: Did you want to set up a payment plan for that?

We needed a mattress a couple of years back. The sales guy could not imagine anyone with the ability to pay cash for a ~$1000 mattress. Whatever. A couple I know were in the market for a new home. They had a meeting with the builder and he was going through the different lots that were available, o...
by Daryl
Tue Nov 14, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance Provider Recommendations
Replies: 6
Views: 646

Re: Umbrella Insurance Provider Recommendations

Another renter checking in, though I do own a car. Honestly, the premiums associated with a renter's policy + umbrella are minimal compared to my net worth. I serve on a non-profit board and my personal policies provide some coverage above/beyond what the non-profit carries to protect itself.
by Daryl
Mon Nov 13, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance
Replies: 8
Views: 1057

Re: Umbrella insurance

How much coverage are we talking about? Premiums associated with typical umbrella policies probably don't vary a lot between different carriers, and I'd rather work with one company if I ever had a claim that exceeded the policy limits of the underlying policy. For most people, I'm assuming coverage...
by Daryl
Sun Nov 12, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13196

Re: How old are you and how much do you save for retirement a year

I'm 34. Expenses are about half of my gross income. I save the rest.
by Daryl
Fri Nov 10, 2017 5:53 am
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8365

Re: $23k credit card emergency

my immigrant mother Any possibility your mom could help out? A lot of children can "refinance" credit card debt with the bank of mom and dad @ 0% fixed for life! Another option, you could offer to pay her half the rate of the credit cards. She is unlikely to earn a higher return elsewhere and she w...
by Daryl
Wed Nov 01, 2017 4:50 am
Forum: Personal Consumer Issues
Topic: Honda Care Extended Warranty experience?
Replies: 46
Views: 22986

Re: Honda Care Extended Warranty experience?

I bought the warranty on my 2017 Civic Touring. It is cheap insurance; however, like any insurance, I'm still hoping that I don't have any claims (especially life insurance!).
by Daryl
Thu Oct 26, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Fix or replace my vehicle
Replies: 33
Views: 1601

Re: Fix or replace my vehicle

finite_difference wrote:
Thu Oct 26, 2017 8:38 pm
I think Bogleheads are unanimous on this one :)
Just wait for the follow-up, "What kind of car should I buy?"
Approved choices include: Honda Civic/Accord, Toyota Camry, Tesla, anything German (in that order)
by Daryl
Thu Oct 26, 2017 5:43 am
Forum: Investing - Theory, News & General
Topic: The case against leverage...
Replies: 14
Views: 1586

Re: The case against leverage...

The margin requirement for the S&P 500 emini is about $7K (ThinkOrSwim / IRA), which provides almost $130K in equity exposure. Using leverage means you need to be aware of all possible outcomes and have a well thought out plan for negative returns. "The market can remain irrational longer than you c...
by Daryl
Mon Oct 23, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4621

Re: what is your weekly workout routine?

Monday - 6 Mile Run, 10 minutes of upper body "band" work & push-ups Tuesday - 5 Mile Run. 10 minutes of upper body "band" work & push-ups Wednesday - Off Day Thursday - 6 Mile Run. 10 minutes of upper body "band" work & push-ups Friday - 5 Mile Run, 10 minutes of upper body "band" work & push-ups ...
by Daryl
Mon Oct 16, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 484
Views: 45104

Re: Fellow TDA bogleheads

This is disappointing, but am I the only one who will stay? How often are you buying/selling/rebalancing? I do it a couple times a year, and at $7 a trade, this isn’t too bad. Probably about a dozen trades. About every other month I have enough in my HSA or IRA to add a couple extra shares. I hate ...
by Daryl
Sun Oct 15, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7647

Re: What are you driving? And would you buy your current ride again?

1998 Toyota Camry - bought from friends who had it since 1998 (several months old - demonstrator) in November 2015 - only has about 81,000 original miles. Meets most of our needs well. We do not take many long trips any more, but drove last weekend to and from a wedding 200 miles away (400 miles ro...
by Daryl
Sun Oct 15, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7647

Re: What are you driving? And would you buy your current ride again?

I traded in my 2007 Honda Civic EX 270,000 miles at the end of February, and I bought a new 2017 Honda Civic Ex. Just hope I can get the same mileage out of this car. If I was averaging 27K miles annually, I'l probably spend a little more than $20K on a car; however, the new Civics really are aweso...
by Daryl
Mon Oct 09, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6563

Re: Buy when there's blood in the streets!

Like livesoft, bonds are an important part of my investment philosophy. They are there so I can sell them and maintain my desired equity allocation by buying more VTI (Vanguard Total Market Index) on really bad days, weeks, months, or years!
by Daryl
Mon Oct 09, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Re: Financial Calculations for Boglehead Presentation

But, this is the classic calculation of tax-adjusted interest rates (your 2.25% goes to something like 1.6%), return on investments (can you get > 2.25% guaranteed? Remember, you have to tax adjust your investments, too!) and cash flow (what does my monthly budget consist of?) to determine whether ...
by Daryl
Mon Oct 09, 2017 7:00 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Re: Financial Calculations for Boglehead Presentation

Just a quick word of caution as someone in the target demographic. I'm 34 w/ approximately $35K in total debt. It doesn't always make financial sense to pay it down as quickly as possible! My loan with the highest interest rate is @ 2.25% (fixed, about 10 years remaining). My largest debt is @ 0.9% ...
by Daryl
Sat Oct 07, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 7091

Re: Has your "risk tolerance" been tested?

Nope, and that worries me. I graduated college in 2006, so I really didn't have much invested in 2008-2009. A decade later and I'll lose a boatload of money in the next bear market.
by Daryl
Fri Oct 06, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 16409

Re: Bogle himself is saying we will expect like 3% for the next decades

I'm an "early accumulator". Low single digit growth, or even negative growth would be fine by me. I'll keep picking up shares at these prices. Over the next 25 - 35 years, I expect that equities will turn out OK.
by Daryl
Thu Oct 05, 2017 5:04 am
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 24
Views: 1787

Re: accounting software for churches?

We use Quickbooks (not the online version). It works fairly well. The issue with it is it's not the best for fund accounting. I've thought about looking for an alternative built for churches or non profits, but I would be concerned about reliability. Do you have multiple users? Our organization is ...
by Daryl
Sun Oct 01, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay down some credit card debt?
Replies: 19
Views: 1304

Re: Should I pay down some credit card debt?

Are you 34 years old (guessing from your username)? Do you have any other debt? The vast majority of the posters on this forum would be envious of your position (i.e., to be that young and to have a positive net worth). I agree with everyone else - paying of those credit cards is an "emergency". Wit...
by Daryl
Thu Sep 28, 2017 5:50 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15754

Re: Why do you LBYM? Why do you save and invest?

One simple word: Contentment. I'm content with my current lifestyle. I have the time/energy to volunteer in my community and the resources to pursue some incredible hobbies. If I wasn't content, I'd probably spend some more! I've been very lucky in life in that I have a career that has provided more...
by Daryl
Sun Sep 24, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12339

Re: Lifestyle Creep

I'm transitioning from single engine planes (Cessna 152/172) to gliders. Not having an engine saves a lot of gas money! First solo was yesterday.
by Daryl
Fri Sep 22, 2017 5:49 am
Forum: Personal Finance (Not Investing)
Topic: FDIC vs VMMXX
Replies: 1
Views: 314

Re: FDIC vs VMMXX

In most cases, I treat these two the same and pick the highest yielding of the two. Right now I think Ally online savings account is a little higher than the Vanguard Money Market. Most people probably don't have to worry about FDIC limits with their checking/savings accounts, unless you also have C...
by Daryl
Wed Sep 20, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2676

Re: 24F Looking to start an aggressive portfolio

Are your investments less than, about equal to, or more than your gross annual salary? I was probably 100% equities until my assets grew to twice my annual salary. Periodically I'll "stress test" my portfolio by taking the total value, multiply by the percentage in equities, and then by 50%. I want ...
by Daryl
Sun Sep 17, 2017 1:53 pm
Forum: Investing - Theory, News & General
Topic: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"
Replies: 33
Views: 5208

Re: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"

If the Bull market in equities continues, I'll be buying fixed income. If equities tank, I'll be adding to my Total Stock Market fund. I'll be OK either way.
by Daryl
Sat Sep 16, 2017 5:39 am
Forum: Investing - Theory, News & General
Topic: Trusting Bitcoin [How do I protect my private key?]
Replies: 8
Views: 1175

Re: Trusting Bitcoin [How do I protect my private key?]

This seems like too much work. I'll just stick with CASH!
by Daryl
Fri Sep 15, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: How can I be more savy about taxes?
Replies: 15
Views: 1864

Re: How can I be more savy about taxes?

I'm a volunteer tax preparer, serving low income families (IRS VITA program). We have a copy of Pub 17 at each site.
by Daryl
Fri Sep 15, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Bond return negative. CD or money market alternative.
Replies: 30
Views: 3415

Re: Bond return negative. CD or money market alternative.

I just added to my Total Bond Fund earlier this week. Equities could double, or be slashed in half on Monday. Either way, I'll be alright
by Daryl
Tue Sep 12, 2017 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1607

Re: Will you get to see business financial data by being an accountant?

I'm an accountant at a large property and casualty insurance company. Over the past couple of years, I've learned a lot about the divisions I serve, our company, and industry. As far as cost structure, I know that we target a combined ratio (claims / premiums) of 90%. This isn't sufficient training ...
by Daryl
Sun Sep 10, 2017 5:09 am
Forum: Personal Finance (Not Investing)
Topic: At what point would you considering Umbrella Insurance
Replies: 37
Views: 3803

Re: At what point would you considering Umbrella Insurance

Ummm.... Aren't we thinking about this all wrong? Auto (and umbrella) coverage is primarily for the benefit of third parties, specifically those whom we might injure while driving. Each person should ask themselves, "If I cause an accident today, how would I pay for the damages?" Insurance is great ...
by Daryl
Mon Sep 04, 2017 5:38 am
Forum: Personal Finance (Not Investing)
Topic: How old were you when you got your first credit card?
Replies: 46
Views: 2276

Re: How old were you when you got your first credit card?

18, and away from mom/dad @ college. Used it for everything and always paid it off at the end of the month. Subsequently applied for a cash back / rewards card. My original card was closed by the bank for "inactivity".
by Daryl
Mon Sep 04, 2017 5:25 am
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 85
Views: 82290

Re: Experience selling car to Carmax?

2008 Toyota Rav4 - 151K miles, tires @ 3/32 (worn out), corrosion on all four wheels. - Carmax - $4,500 - New Car Dealer (Trade-in) - $3,000 When I shared the Carmax appraisal to the new car dealer, they increased the value of my trade-in to $3,500 (they refused to match the Carmax quote). I'm selli...
by Daryl
Tue Aug 29, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Harvey flood damage [tenant's property has flooded - actions?]
Replies: 28
Views: 4879

Re: Harvey flood damage [tenant's property has flooded - actions?]

The tenant's renter's policy should also cover their hotel/housing needs for a limited period of time I think? Not nearly enough, I'd imagine, but at least something to remind them to look into... I'm a renter. My renter's policy covers "Loss of Use" that would likely apply in this situation for up...
by Daryl
Fri Aug 18, 2017 4:35 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16969

Re: Lost $7000 today in ONE DAY!

Finally got around to updating my net worth spreadsheet. The change since the previous update is a minor rounding error. Perhaps this investment loss perfectly offset my salary/paycheck for the last two weeks!
by Daryl
Mon Aug 14, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3886

Re: What % of income to buy a car is not excessive?

One year's income. I prefer gross rather than net. If your salary is $100k and you buy a car for $30k, that's 30%... Thanks. Using that metric, I'll be spending 20% of my income on a car this year. I kept the last one for about 10 years, so I spend about 2% of my gross income on car purchases over ...
by Daryl
Mon Aug 14, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3886

Re: What % of income to buy a car is not excessive?

How are you guys thinking about the question? The numerator is very clearly defined, but what is the denominator? Is this income in the year of acquisition, or income over the expected ownership period?
by Daryl
Thu Aug 10, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 7011

Re: What Percentage CASH are you?

4.8%. This includes the margin requirement for any futures positions I hold and "new car" funds. I'll be replacing my current car soon.
by Daryl
Thu Aug 03, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10925

Re: 85/15 too aggressive at age 35?

In summary, the best AA in term of risk versus return is between 70/30 to 30/70. Any number outside of that, you are taking too little or too much risk for the average return. KlangFool Thanks for sharing. Like the OP, I'm in my early thirties and it is tough thinking about asset allocation when I ...
by Daryl
Sun Jul 30, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4245

Re: How do you decide if you can afford something?

I'll spend 5% of my net worth on a car. This year that means a modest Honda/Toyota. In 10 years, I'm hoping I'll be able to "afford" the Bugatti using the same metric! I'm not at the 5% for a Bugatti metric, but I suspect that if I were to spend 5% of NW on cars, year in and year out, I'd never get...
by Daryl
Sun Jul 30, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4245

Re: How do you decide if you can afford something?

I'll spend 5% of my net worth on a car. This year that means a modest Honda/Toyota. In 10 years, I'm hoping I'll be able to "afford" the Bugatti using the same metric!
by Daryl
Sun Jul 30, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate your retirement number
Replies: 95
Views: 9817

Re: How to calcuate your retirement number

I think $1.5 million (2017 dollars) is a reasonable number with a paid off house to retire in the US if you are in your 60s (and potentially 50s). Most of my extended family will never see $1.5M. They will be alright. They'll spend more time at home, possibly volunteering with local charities that ...
by Daryl
Sat Jul 29, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Any pilots here? [as a career]
Replies: 38
Views: 4712

Re: Any pilots here? [as a career]

If anyone is serious about building hours on the cheap, I have a Piper Pawnee you can fly for free! You must be have a high performance endorsement, tail-dragger experience, good stick and rudder skills, and a willingness to be yanked every which way by glider pilots at the other end of the tow rope...
by Daryl
Sun Jul 23, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: 50K USD: Investing via Vanguard Personal Advisor vs DIY
Replies: 12
Views: 1287

Re: 50K USD: Investing via Vanguard Personal Advisor vs DIY

One of the most extraordinary aspects of this community is their focus not just on investing, but more broadly on personal finance. One area we haven't touched in this thread is taxes! An individual in the 25% tax bracket who makes the maximum possible contribution to a Traditional 401k, a Tradition...