Search found 408 matches

by Daryl
Wed Jul 25, 2018 6:10 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2089

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: 30
Views: 2560

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: 2147

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: 1344

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: 3480

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: 4614

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: 836

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: 5421

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: 1385

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: 1330

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: 14738

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: 3413

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: 5222

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: 654

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: 3150

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: 3196

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: 28
Views: 3296

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: 2834

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: 654

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: 4302

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: 4302

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: 4351

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: 4351

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: 4351

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: 3616

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: 263

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: 8792

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: 2811

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: 6048

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: 2210

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: 7513

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: 5702

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: 10528

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: 4165

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: 1160

Re: Short NVDA?

I am, but only in the Bogleheads hedge fund contest where I'm currently mid-pack.
Contest Standings
by Daryl
Fri Feb 02, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another Bunch Umbrella Insurance Questions
Replies: 12
Views: 1020

Re: Another Bunch Umbrella Insurance Questions

Umbrella insurance really is to pay for damages caused by you/your household that you are unable / unwilling to pay for out of personal assets. I carry umbrella out of consideration of everyone I share the road with. I also carry uninsured/under insured motorist, under the assumption that most drive...
by Daryl
Fri Jan 26, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 87
Views: 6397

Re: What will you do with your tax refund?

I'm hoping to buy lunch; however, I'll probably have to chip in a couple dollars from my normal monthly budget. Tax refund/payment is likely to be less than $5.
by Daryl
Thu Jan 25, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 10561

Re: Dalio says bonds have entered a bear market

Buying bonds today is less scary if we assume that the present value of the Total Bond Market reflects the consensus view (estimate/projection) of inflation and interest rate changes over the intermediate term for high quality fixed income investments. I'm OK with that assumption, and will keep buyi...
by Daryl
Tue Jan 23, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 95
Views: 9005

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

I try to maintain a "low volatility" lifestyle, which means most of my income / expenses are fairly predictable. A lot of the earlier posts mentioned housing related expenses (especially repairs!). I rent so that I avoid these large, unexpected expenses! In an extreme situation, my checking account ...
by Daryl
Tue Jan 23, 2018 5:31 am
Forum: Personal Consumer Issues
Topic: Tax preparation amount charged
Replies: 16
Views: 1451

Re: Tax preparation amount charged

In most cases, there isn't a lot of risk in doing your taxes yourself. If you make a mistake, the IRS is likely to send you a letter explaining the error and what needs to be done to fix it. The real value in hiring a tax professional isn't the compliance work that we've been discussing, rather it i...
by Daryl
Sat Jan 13, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Telematics and Auto Insurance
Replies: 13
Views: 972

Re: Telematics and Auto Insurance

I have one and save less than 10% on my premiums. Based on my last "report card", I don't know how to make a left turn safely!
by Daryl
Sat Jan 13, 2018 5:00 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4731

Re: Poll: BHs who rent - what % of gross do you spend on rent?

Almost 20%, including cable / internet / all utilities (1 fixed monthly bill). I live next to Vanguard's HQ in PA.
by Daryl
Fri Jan 12, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: 2018 Boglehead Contest Charts
Replies: 2
Views: 527

Re: 2018 Boglehead Contest Charts

I kept guessing too low in prior years, so I picked a higher number for 2018. I won't complain if I won (or some of the members with much higher guesses!); however, none of this is going to impact my asset allocation.
by Daryl
Wed Jan 10, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with a 25 million windfall?
Replies: 47
Views: 3461

Re: What would you do with a 25 million windfall?

$24.5M donation to The John C. Bogle Center for Financial Literacy
by Daryl
Tue Jan 09, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 154
Views: 11562

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

Moolala wrote:
Sun Jan 07, 2018 9:28 pm
I guessed 28992. I may have forgotten a decimal. :oops:
If you win, we all win! At 35 years old, I'll be joining the retirement class of 2018!
by Daryl
Thu Jan 04, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: After tax 401k mega Roth conversation timing.
Replies: 4
Views: 334

Re: After tax 401k mega Roth conversation timing.

When I did this in 2016, part of my "After Tax 401K" was contributions and part was earnings. My 401K provider was able to send me two checks and I sent one to my Roth IRA and the other to my Traditional IRA.
by Daryl
Tue Jan 02, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 158
Views: 15702

Re: 2018 Hedge Fund contest

Blockchain Technologies
^ Included "Blockchain" in the name in order to justify my high fees!

Long:
AAPL
AMZN
XOM

Short:
NVDA
AMD
TSLA
by Daryl
Sun Dec 31, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Car headlights or Daytime Running Lights - what do you do?
Replies: 62
Views: 4331

Re: Car headlights or Daytime Running Lights - what do you do?

I let my car decide! While I sit in the driver's seat, I'm just another passenger. (DRL at a minimum, headlights when the car senses that it is "dark")
by Daryl
Sat Dec 30, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 6698

Re: What is your threshold for paying down debt?

I would personally never borrow on margin primarily for investment purposes (maybe to address a cash flow issue or for short term financing like a bridge loan) Same. Most of my accounts are margin enabled for emergency cash flow purposes, providing a little extra breathing room and a couple extra d...
by Daryl
Sat Dec 30, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 6698

Re: What is your threshold for paying down debt?

2.25% (fixed) <-- The rate of my student loans. All other debt is lower than this rate, and fixed.

I've considered opening an Interactive Brokers Margin Account; however, I'm uncomfortable with variable rates and the fact that they would be able to liquidate any of my positions at their discretion.