Search found 423 matches

by Daryl
Sat Sep 22, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: When is it OK to not go through car insurance after you've been hit?
Replies: 11
Views: 984

Re: When is it OK to not go through car insurance after you've been hit?

I'd recommend reporting it. It is likely that the insurance companies can help expedite the repair process, and they may have negotiated rates with the body shop / rental car place (if needed). I was recently rear-ended. It didn't look too bad, but the body shop was able to see structural damage onc...
by Daryl
Thu Sep 20, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Bad Investments Within Foundation
Replies: 5
Views: 279

Re: Bad Investments Within Foundation

I served on a volunteer investment committee such as you described! Our major donor wanted to us to consider individual stocks (highly concentrated positions). I simply asked for an investment policy statement with clearly defined entry/exit points and benchmarks. He thought I was a PITA. Other memb...
by Daryl
Tue Sep 18, 2018 4:07 am
Forum: Investing - Theory, News & General
Topic: 401k: Why not only after-tax?
Replies: 31
Views: 3047

Re: 401k: Why not only after-tax?

The current year tax deferral is at my marginal tax rate. In three decades, when I take RMDs, I'll be "filling in" the lowest tax brackets first and my effective tax rate in retirement will be significantly less than my current marginal tax rate. When that happens, "tax deferral" essentially turns i...
by Daryl
Fri Sep 14, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 9949

Re: Anyone else not save for cars?

The manufacturer was providing a low rate loan so I went with it. Financed 100% of the car's price. Signed a couple of forms and they handed me a set of keys. Buying a car with $0 money down (and a super low rate) was surreal. I've worked hard to stay on top of my personal finances, and my credit sc...
by Daryl
Sun Sep 09, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2623

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

What is missing from some of these arguments is any understanding of "tracking error". When I buy a passively managed investment, I want it to track the underlying index. A mutual fund/ETF that fails to adequately track the underlying is useless, even if it has a low fee! Note: Tracking error can be...
by Daryl
Sun Sep 09, 2018 6:20 am
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1278

Re: Getting Top Dollar for Selling our Condo

One house flipper listed his project before any work had been completed with a note that price would increase throughout the project. He received a satisfactory offer in a week or two (before "appliances matched"). I'm sure he would have slapped a new coat of paint on the unit if he thought it would...
by Daryl
Sun Sep 09, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: home and vehicle insurance quotes
Replies: 3
Views: 392

Re: home and vehicle insurance quotes

I've been with the same carrier for about a decade. Every once in a while I'll shop around, send a couple competitive quotes (from other carriers) to my current agent and we'll compare them together. As in most things, I'm always looking for value when it comes to my insurance premium dollars. Part ...
by Daryl
Sat Sep 08, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1672

Re: Buy a house that needs full renovation?

alil wrote:
Sat Sep 08, 2018 7:39 am
I do expect to bring the price down significantly - hopefully 210K.
If I was the seller and you did that to me, I'd terminate the house sale process and seek financial damages. It isn't reasonable to offer >$250K, then get cold feet and demand a 20% price concession!
by Daryl
Sat Sep 08, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare sharing programs
Replies: 19
Views: 1068

Re: Healthcare sharing programs

I'm confident that this community can a great discussion on this topic. The most important thing to consider with these plans is that they are not "insurance" in the traditional sense. There is no risk transfer. The patient is responsible for 100% of the medical costs incurred. They may seek reimbur...
by Daryl
Thu Sep 06, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2543

Re: Rent Increase or Not?

<-- Another renter. It is my understanding that good rentals are much easier to find than good tenants. I highly recommend that you price your rental at the highest price the market will bear and then work to find the right tenant. After that, do everything that you can to keep them happy (and those...
by Daryl
Mon Sep 03, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Under insured motorist insurance
Replies: 19
Views: 993

Re: Under insured motorist insurance

Another factor is that I think I am a safer driver than average and the rates are set for the average driver. So on a statistical basis I am money ahead particularly since the insurance company has to pay their expenses and make a profit on their premiums. All insurance is local, so perhaps things ...
by Daryl
Thu Aug 30, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Which formula to use to calculate personal Savings Rate?
Replies: 9
Views: 979

Re: Which formula to use to calculate personal Savings Rate?

Adjusted Livesoft Income

Just kidding! I don't go through that much effort. I save what I can based on my basic living expenses and a couple hobbies. I'm striving to have "enough" for today and tomorrow. Learning what contentment means for each of us is an incredibly liberating experience!
by Daryl
Tue Aug 28, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: 28/F - First time home buyer needs advice on saving more
Replies: 39
Views: 3841

Re: 28/F - First time home buyer needs advice on saving more

5-6% and seller pays half so you are really only looking at 2-3%. 10% seems way off base to me. In my experience, the seller pays all of it. It comes out of the negotiated price. The buyer doesn't spend more to compensate their agent. This is one of my pet peeves. When comparing "rent vs buy", I AL...
by Daryl
Mon Aug 20, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7646

Re: Are millennials botching their asset allocations?

0% Equity and 100% equity accounts don't tell the whole story. I'm in this demographic and have a little bit of each. To one broker, I'm a 100% fixed income investor. To another, I'm 100% equities. Neither sees the whole picture.
by Daryl
Fri Aug 17, 2018 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 34
Views: 2966

Re: Cheapest Home Insurance ?

You may want to reconsider your approach to insurance and instead focus on value. When I pay premiums, I'm doing so based on the expectation that the company will be solvent (able to pay for the damages I cause), provide outstanding claims service, and answer any premium / coverage related questions...
by Daryl
Wed Jul 25, 2018 6:10 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2207

Re: How much car can I buy?

Honda Civic! Wait.... Two small children? Perhaps an Accord is in your future!
by Daryl
Mon Jul 23, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 3687

Re: Anyone sell their car to Carmax or webuyanycar.com?

Sold a 10 year old Toyota Rav4 to Carmax. Received a fair offer. Accepted it. Deposited the check in my bank, and it bounced! Called Carmax the very next day. Entire staff was very apologetic, and offered to bring a replacement check to my office that same day. I explained that wasn't necessary. The...
by Daryl
Wed Jul 11, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2200

Re: Living above means until March 1st

As someone who "front-loads" my 401k contributions, I'm typically cash-flow negative for the first part of each year (until I hit the IRS limit)
by Daryl
Tue Jul 10, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much should i expect to pay for car insurance?
Replies: 22
Views: 1423

Re: How much should i expect to pay for car insurance?

I'm on the opposite side of the Delaware River (Philly suburbs). I could easily pay anywhere from $750 - $2,000 annually for premiums, with the same company! It depends on which coverages I selected, and associated limits.
by Daryl
Tue Jul 10, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Car totaled by uninsured driver
Replies: 37
Views: 3562

Re: Car totaled by uninsured driver

Out of curiosity, what state do any of you live in where this loss would be covered under underinsured/uninsured motorist? Typically these would cover bodily injury only (and have $0 deductible). The property damage, is probably a collision claim which is why we've seen so many mentions of deductibl...
by Daryl
Sat Jul 07, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4870

Re: Which advanced tech is necessary in cars?

Ultimately, "necessary advanced tech" can only be determined after an accident that would have been otherwise prevented :oops: My 2017 Honda Civic has almost all of the safety features mentioned below (missing blind spot monitoring). Did I buy this car just to get that tech? No! Rather, I consider i...
by Daryl
Tue Jun 26, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Excess Liability
Replies: 10
Views: 845

Re: Excess Liability

I'm assuming that most insurance agents within the United States use the terms "excess liability" and "umbrella" interchangeably. Please understand that auto liability / excess liability insurance policies are primarily for the benefit for third parties! Most of my personal assets already enjoy sign...
by Daryl
Mon Jun 18, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5638

Re: How much car to buy reasonably?

Honda Civic.

I could afford to drive a "status symbol", but why? The new Civics are a lot of fun!
by Daryl
Mon May 28, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: Can anyone recommend Any Social Responsible fund/s?
Replies: 17
Views: 1468

Re: Can anyone recommend Any Social Responsible fund/s?

Of course universal agreement on a definition of "socially responsible" is an elusive goal, hard to imagine any low cost socially responsible fund that can keep all investors who call themselves socially responsible completely satisfied. +1 - "Socially Responsible Investing" is so hard to define, e...
by Daryl
Sun May 27, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: How to dispose of car towed to mechanic?
Replies: 10
Views: 1361

Re: How to dispose of car towed to mechanic?

I've donated a vehicle to my local public radio station. The whole process took less than a week.
by Daryl
Mon May 21, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 15233

Re: What big item (>20k) are you saving up for?

You might find out that your neighbor is saving up to build an RV-7 - that doesn't really help you if your not a licensed private pilot. Buying the same bass boat as your other neighbor would be a waste if you hate fish. A couple doors down they are building a RV-10 (EAA Chapter 240). Personally, I...
by Daryl
Tue May 15, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3542

Re: Bicycle insurance? when you're in the roadway like a car

If I'm injured while riding my bicycle, I'll visit the hospital and provide them with all my insurance policies (health / auto / renters) and let the insurance companies fight it out. Likely, they'll try collecting from the driver who hit me. I actually think that renters / homeowners might provide ...
by Daryl
Tue May 15, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 5478

Re: New motorcycle rider

I rode for a couple years, then one day I saw a website with pictures of "used" helmets (accidents). I sold my bike. Rarely is the motorcyclist "at fault" for an accident, but at the end of the day, it doesn't matter unless you can go home to your family at the end of the day. I had a lot of fun and...
by Daryl
Tue May 15, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance questions
Replies: 4
Views: 680

Re: Car insurance questions

Car insurance isn't to protect your assets. It is to restore third parties to "pre-accident" condition to the extent that money can make things better. Think about the potential injuries you could cause with your car. Your insurance coverage provides the first level of coverage (auto + any excess li...
by Daryl
Mon May 14, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know your marginal tax rate?
Replies: 27
Views: 3206

Re: Do you know your marginal tax rate?

Yes - 22% (For W-2 Sources), a little less for 1099 (INT/DIV)

Effective Rates are a little harder to calculate. What is the denominator? Adjusted Livesoft Income?
by Daryl
Sat May 12, 2018 6:12 am
Forum: Investing - Help with Personal Investments
Topic: How close do you cut your monthly surplus?
Replies: 22
Views: 3255

Re: How close do you cut your monthly surplus?

For the past couple of months, my expenses have been more than my take home pay. Like many members of this forum, it would be easy to increase my take home pay for large, anticipated expenses (I'd reduce my 401K deferral percentage). Unanticipated expenses could be covered by margin / sale of taxabl...
by Daryl
Wed May 09, 2018 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Breaking Up and Staying On Good Terms with an Advisor
Replies: 33
Views: 4088

Re: Breaking Up and Staying On Good Terms with an Advisor

I'll help you out: Dear Adviser, With your help, we've build a strong financial foundation, both in terms of net worth and knowledge. Like a baby bird leaving the nest, I'm ready for my first "solo flight" and will be taking a self-directed approach to my investments. I understand that you'll contin...
by Daryl
Wed Apr 18, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2893

Re: Portfolio review looking to retire in 1-2 years

Estimated Annual Expenses in Retirement? Without that number, it is impossible to determine if you have enough, or should consider working longer.
by Daryl
Wed Apr 11, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Good auto insurance
Replies: 3
Views: 716

Re: Good auto insurance

First - I'm probably paying too much for auto insurance. That being said, when I'm paying those premiums, I'm expecting/demanding a certain level of knowledge/service in two specific areas: - General Insurance Questions. I'll periodically discuss my risks with my insurance agent. They know about my ...
by Daryl
Fri Apr 06, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 4401

Re: $30M Umbrella Insurance?

Take a look at auto accident cases where the victim is paralyzed. $15-$35 million seems to be the typical range of verdicts in those situations. I wish I had better data on that. I know a claim in that range would exhaust my policy limits and exceed my net worth. The overwhelming majority of my ass...
by Daryl
Fri Apr 06, 2018 5:43 am
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 4401

Re: $30M Umbrella Insurance?

I am assisting a relative search for an umbrella insurance policy. The individual has a net worth of approximately $30M. Based on this board’s recommendation of having an umbrella policy equal to an individual’s net worth at minimum, we are looking for an insurance company that provides $30M+ in co...
by Daryl
Wed Mar 28, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 4420

Re: Personal Excess Liability Insurance - Umbrella Insurance

My insurance company has offered to pay the first $X million in claims for a relatively small annual premium. For some reason, they believe all their Insureds are "above average" drivers (Lake Wobegon effect) and unlikely to file many claims (hence the bargain rates for this coverage). Are you sure...
by Daryl
Tue Mar 27, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 4420

Re: Personal Excess Liability Insurance - Umbrella Insurance

Phineas J. Whoopee wrote:
Tue Mar 27, 2018 6:52 pm
I realize mine is a minority view.
Agreed, and I wish more people held this view. As a result, I'm stuck buying Uninsured/Underinsured motorist coverage. I cringe each time I see a commercial for a company offering "State Minimum Coverage"!
by Daryl
Tue Mar 27, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Excess Liability Insurance - Umbrella Insurance
Replies: 55
Views: 4420

Re: Personal Excess Liability Insurance - Umbrella Insurance

I have umbrella insurance for a completely different reason than is being discussed here. I know that my Honda Civic can do A LOT OF DAMAGE! In that circumstance, the right thing to do is to make a honest effort at making the injured party/parties whole. There is a chance that could take more money ...
by Daryl
Fri Mar 23, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Safe SP500 index fund
Replies: 32
Views: 3683

Re: Safe SP500 index fund

You'd need an options based strategy. Basically buying Put options (bets on the index going down). You can do this yourself but it will get expensive over a long period of time. The closer options are to In The Money (ie exercisable for value) and the longer they are to expire, the more money they ...
by Daryl
Mon Mar 12, 2018 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Publication 523 and definition of "adjacent"
Replies: 1
Views: 270

Re: Publication 523 and definition of "adjacent"

This shouldn't be a difficult transaction as far as taxes are concerned. Tell your buyer that you are selling the two lots together, and that they are free to work out a deal with their employee. Honestly, I'd be more concerned about the ability of one (or both) of them to obtain financing than I wo...
by Daryl
Sun Mar 11, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 9032

Re: Amount saved by age

I'm 35. The metric that I watch the most closely is (net income / annual expenses). Achieving 10x before 35 feels good!
by Daryl
Fri Mar 09, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Structured Products
Replies: 52
Views: 3006

Re: Structured Products

I wouldn't recommend the structured product, or using options to replicate it; however, I am interested in the theory behind the product. Wouldn't this be similar to buying 3 calls (strike price of the calls would be close to the current value of the index), selling 1 put (strike price of the put wo...
by Daryl
Fri Mar 09, 2018 6:40 am
Forum: Investing - Help with Personal Investments
Topic: 8 mil loss on 1099...
Replies: 35
Views: 6131

Re: 8 mil loss on 1099...

In summary, I think people fret too much about the IRS and how the IRS responds to inconsistencies on a return. I acutally was audited in person many years ago due to unusual deductions (large stock loss and large moving expense on a small salary at that time) and the IRS agent was fair and pleasan...
by Daryl
Fri Mar 02, 2018 6:43 am
Forum: Investing - Theory, News & General
Topic: Bond ETF vs Treas
Replies: 23
Views: 2297

Re: Bond ETF vs Treas

You'll receive far better feedback if you post your portfolio using the format here . Most of the folks you meet on this forum expect stocks and bonds to go up and down throughout their lifetime, and to occasionally experience terrifying volatility (up and down price movement). On average, we expect...
by Daryl
Mon Feb 26, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Strategies for getting out of a car dealership quickly?
Replies: 78
Views: 7715

Re: Strategies for getting out of a car dealership quickly?

I'd recommend reading your extended warranty contract and looking for a phone number. That way you are skipping the whole dealership experience! Also, you don't have to buy an extended warranty from your dealer. I recently bought a new car near where I live, and an extended warranty (backed by the m...
by Daryl
Mon Feb 26, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Help with GIANT interest car loan (28%)
Replies: 44
Views: 5870

Re: Help with GIANT interest car loan (28%)

Out of curiosity, has she already spoken with your brother and/or her parents regarding this situation? Personally, I'd be concerned with providing too much guidance to my brother's wife unless he asked for it!
by Daryl
Thu Feb 22, 2018 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 11300

Re: Do you rent even if you can afford to buy?

Yes, for many of the same reasons already mentioned. I'm single, so my one bedroom apartment is the perfect size for me. Also, not having to worry about lawn care is awesome! Owning a home always seemed like a second job. There is always something that needs to be fixed. I'd rather spend that time o...
by Daryl
Thu Feb 08, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 4248

Re: Why does my wife have this portfolio?

With few exceptions, it doesn't seem to make sense to talk about "his" and "her" portfolios. I'm old-fashioned; however, it would seem that you only have one pot of money now - "our money". Part of this joint portfolio has some legacy holdings, and perhaps an uncomfortably high expense ratio or two....
by Daryl
Tue Feb 06, 2018 6:25 am
Forum: Investing - Theory, News & General
Topic: Short NVDA?
Replies: 11
Views: 1184

Re: Short NVDA?

I am, but only in the Bogleheads hedge fund contest where I'm currently mid-pack.
Contest Standings