Search found 461 matches

by Daryl
Thu Dec 13, 2018 5:24 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 71
Views: 5148

Re: Is a New Car Okay if Driven 15+ Years?

The oldest vehicle in my fleet is a 2017 Honda Civic, so I might be a little biased towards buying new! Buying new means I get the color / option package exactly how I want it. I'm at the point in my life where I expected annual volatility in the stock market easily exceeds the periodic expense of r...
by Daryl
Wed Dec 12, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5296

Re: Lyft driver got into an accident, but denies it

I just know insurance companies generally don't like to pay if they can get out of paying. I work at an insurance company and we've written policies for a large, well known ridesharing company. Ultimately, our goal is to identify the losses that fall within the terms of the policies that we write a...
by Daryl
Wed Dec 12, 2018 7:28 am
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5296

Re: Lyft driver got into an accident, but denies it

To those advocating for calling the police... they won't necessarily show up in this case. Assuming you are in the US - if you tell them you are in a passenger in a ride share, may have been injured, and there seems to be a communication problem between the two drivers, I would be surprised if they...
by Daryl
Wed Dec 12, 2018 6:23 am
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5296

Re: Lyft driver got into an accident, but denies it

Sorry to hear about this trip - a car accident and an unrelated incident involving two broken ribs sounds like a tough week!
by Daryl
Sun Dec 09, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6578

Re: are manufactured homes a bad investment?

I do a lot of charity work,repairing homes for low income families. Mobile homes (especially on the used market), typically don't have sufficient insulation (leading to high energy bills) and high lot fees. The used market may also have significant deferred maintenance issues that will need to be ad...
by Daryl
Thu Dec 06, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Using options in a retirement portfolio
Replies: 27
Views: 1355

Re: Using options in a retirement portfolio

OP might want to consider the Vanguard Personal Advisor Services. The annual fee is reasonable and it can be handy to have a certified financial planner to talk to when first getting started. Ideally this would be an opportunity to move money to lower cost funds while learning a little more about pe...
by Daryl
Tue Dec 04, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4186

Re: Why Is Insurance Worth It (Analytically)?

I feel it has a second, perhaps more important aspect. If, by my actions or inactions, I injure somebody, or even just damage their property, the responsible thing, the right thing, is for me to compensate them, although money can never completely compensate for an injury or a death. Therefore, I v...
by Daryl
Sat Dec 01, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: Federal Reserve Report: Millennials are poorer than previous generations
Replies: 17
Views: 2193

Re: Federal Reserve Report: Millennials are poorer than previous generations

As for the original topic, I think student loans are a factor. The graph shows expenditures, so I assume this is what's left after that $800 loan payment. Additionally, graphing expenditures is kind of pointless unless we adjust for family size. Millennials are waiting longer to start having famili...
by Daryl
Sun Nov 25, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9148

Re: Networth to buy a dual turboprop aircraft?

That school leases their base 172 for $890/10 hour block ($95/hour)...at those prices I'm not sure if it's ever worth it to buy even something as old as a 150. That same 172 would rent for ~$150 in my area. Did OP ever say if he/she needed to fly in Marginal VFR or IFR conditions? FIKI conditions?
by Daryl
Wed Nov 21, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: What to do when you have Less than 100K ? say just 50k
Replies: 36
Views: 4026

Re: What to do when you have Less than 100K ? say just 50k

If I were in "the unfortunate position of being in my 30s and having saved up only 50[k]", I'd contact my local chapter of Habitat for Humanity and offer to volunteer a couple of times. I'd be interested in hearing from the men / women that regularly serve their community, and the families that are ...
by Daryl
Tue Nov 20, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 139
Views: 14654

Re: Didn't buy Bitcoin at $4600

I realize this thread is a year old; however, if you had any regrets about not buying when Bitcoin was $4,600, you might get a second chance (I'm still not buying!)
by Daryl
Tue Nov 20, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 157
Views: 12944

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

My year-end prediction may have been a bit premature (3131.31). I'll be carrying that forward to next year!

After all these months, VictoriaF has returned to the top of the leaderboard!
by Daryl
Sat Nov 10, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 24
Views: 2010

Re: SWAN ETF - 10% Leaps / 90% Treasuries

I know they are just buying call options, but aren't there a couple scenarios where these expire worthless (stocks are flat or negative)? It seems this strategy would offer a couple options on how I can turn $100 into $90! How would this compare to a 70/30 allocation, adjusted for fees? Is the only ...
by Daryl
Mon Oct 29, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: How much does a car need to be driven?
Replies: 43
Views: 3647

Re: How much does a car need to be driven?

HueyLD wrote:
Mon Oct 29, 2018 3:27 pm
You need a battery tender with solar panel to charge your battery. You can google "solar car tender battery charger."
My flying club has this setup for one of our aircraft. Works wonderfully!
by Daryl
Sat Oct 27, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer ... help ! [with mortgage choices]
Replies: 15
Views: 1525

Re: First time home buyer ... help !

How long do you plan on staying in this home? Assuming less than 10 years, I know which I'd pick!

On second thought, the difference between the 15 year fixed and the ARM doesn't seem like much. I like fixed rates when I'm the borrower. If necessary, I can always refinance later.
by Daryl
Sat Oct 27, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2932

Re: Car hit while parked, no note, just want damages as cash from insurance

Did you file a police report? Most likely your insurance will want to see this then cover you under uninsured which is usually a lower deduction Most states / insurance companies will require the contact information for the other driver before accepting a uninsured / underinsured motorist claim. I ...
by Daryl
Sat Oct 27, 2018 6:31 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 169
Views: 18751

Re: 2018 Hedge Fund contest

grok87 wrote:
Sat Oct 27, 2018 5:39 am
looks like the results are broken right now?
Blame Eddie Lampert!

Was Sears delisted?
by Daryl
Sat Oct 27, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 3861

Re: How To Handle Auto Accident Insurance Company Letter

First - How is the bus involved? Was the the operator of a commercial vehicle responsible for the damages that you and your wife suffered? If this was a multi-vehicle incident involving significant property damage and bodily injury, I'd be seeking all appropriate medical care and then seeking qualif...
by Daryl
Fri Oct 26, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2932

Re: Car hit while parked, no note, just want damages as cash from insurance

JGoneRiding wrote:
Fri Oct 26, 2018 8:24 pm
Did you file a police report? Most likely your insurance will want to see this then cover you under uninsured which is usually a lower deduction
Most states / insurance companies will require the contact information for the other driver before accepting a uninsured / underinsured motorist claim.
by Daryl
Tue Oct 23, 2018 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Should I own my home through an LLC?
Replies: 20
Views: 2851

Re: Should I own my home through an LLC?

FIREchief wrote:
Tue Oct 23, 2018 4:19 am
Does umbrella liability coverage really pay out if a person rents their house out?
Most personal lines insurance policies exclude commercial activities. I'd recommend everyone read their policy and speak with a qualified agent / broker before assuming coverage exists.
by Daryl
Sun Oct 21, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Selling to CarMax if maintenance light is on?
Replies: 33
Views: 3038

Re: Selling to CarMax if maintenance lights on?

Rotate tires, and check tire pressure and condition. Replace air cleaner element, check drive belt, and replace dust and pollen filter. Replace oil, oil filter and check "various systems and components" Just as a point of reference, most of these items can be completed in your driveway for less tha...
by Daryl
Sun Oct 21, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Kitces link: The Spectrum of Financial Dependence and Independence
Replies: 30
Views: 3582

Re: Kitces link: The Spectrum of Financial Dependence and Independence

Level 7: Retirement savings, education savings, and avoidance of consumer and auto debt. You still rely on bosses and customers, but you can foresee a time when your current savings will open up a new level of independence for you and your family. This is the most realistic goal for most people. Th...
by Daryl
Sun Oct 21, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Best Investments for an HSA account using TD Ameritrade
Replies: 6
Views: 829

Re: Best Investments for an HSA account using TD Ameritrade

I am in my late-20s, and am hoping to hold this investment for the next forty or so years. At the same time, you never know when a health emergency will come up so I am not looking to take on too much risk. Before choosing any investments, the first step really is determining what would cause you t...
by Daryl
Fri Oct 19, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Avoiding Wash Sale: FSTVX -> ITOT
Replies: 7
Views: 994

Re: Avoiding Wash Sale: FSTVX -> ITOT

What would it look like if you decided to plot the total return of these two funds on a chart? Are they "substantially identical"? By asking this question it would seem that you already feel that these are very similar, and you are concerned that you make be about to do something wrong. The IRS has ...
by Daryl
Fri Oct 19, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Selling to CarMax if maintenance light is on?
Replies: 33
Views: 3038

Re: Selling to CarMax if maintenance lights on?

I recently sold a car to CarMax. They asked me some general questions about my car and then took it back for their inspection. I was able to watch part of the process from their waiting room. Their inspection seemed reasonable. When they shared their offer with me, they noted some of the recent repa...
by Daryl
Fri Oct 19, 2018 5:51 am
Forum: Investing - Help with Personal Investments
Topic: What if your risk tolerance is lower than what's best for your portfolio?
Replies: 51
Views: 3967

Re: What if your risk tolerance is lower than what's best for your portfolio?

I just hate losing money, even if it's only paper losses, especially now that I'm semi-retired. (I've lived through bears and recessions and don't panic sell. But my mood goes south.) I wish we spoke more about the emotional aspect of investing because it is almost impossible to understate it's imp...
by Daryl
Thu Oct 18, 2018 3:52 am
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 131
Views: 8621

Re: When to change tires; and what brand

2/32nds. At that point the car fails to pass my annual state safety inspection. The brand varies based on the estimated useful life of the car. I'm always looking for a good value, which means that I'm willing to pay a couple extra dollars for a better product, but I typically avoid the top echelon....
by Daryl
Mon Oct 15, 2018 5:52 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36621

Re: free dinner investing seminar

Scrapr wrote:
Sat Oct 13, 2018 11:55 pm
I am not declaring this on my 1040 :moneybag :sharebeer
Why not? You seem to understand that this is "income".
by Daryl
Sun Oct 14, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit investing
Replies: 5
Views: 333

Re: Non-profit investing

What do your donors think of the idea? I'm on the Board of a smaller non-profit (about 60 members); however, our operations are very capital intensive. Our major donor was very interested in seeing our organization investing in "high dividend yield" equities, especially with lower market capitalizat...
by Daryl
Tue Oct 09, 2018 5:11 am
Forum: Investing - Help with Personal Investments
Topic: When to buy some form of US bonds?
Replies: 6
Views: 1031

Re: When to buy some form of US bonds?

My investing strategy is simple. I assume that I'm the dumbest person in the room. Everything I know is based on "fake news" and other lies. The odds are that if I pick an asset allocation, and stick with it, I'll be just fine in the end.
by Daryl
Tue Oct 09, 2018 4:50 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate/state your income?
Replies: 13
Views: 1248

Re: How do you calculate/state your income?

Depends if I'm on a date or talking to the IRS!

Since I work for Megacorp, I think of income in terms of Social Security / Medicare wages from my W-2. This is before the deduction for 401K contributions.
by Daryl
Mon Oct 08, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: vix option how to buy costs and returns [CBOE Volatility Index]
Replies: 4
Views: 365

Re: vix option how to buy costs and returns [CBOE Volatility Index]

Im 59 semiretired 300k cash/realestate/401k total assets and nodebt, and empty nester Is your total net worth $300k? If so, I really would like to understand your retirement / legacy goals. While you have much, much more than a lot of people, your current nest egg would not fund the type of retirem...
by Daryl
Sat Oct 06, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Level of Auto Insurance to carry
Replies: 35
Views: 1903

Re: Level of Auto Insurance to carry

Not my experience over lat 40 years. Saved a lot with high deductible collision and comprehensive. Insurance is very local, but in my area, increasing / decreasing comp/collision deductibles really didn't have a meaningful impact on annual premiums. I live in Lake Wobegon, where all the drivers are...
by Daryl
Thu Oct 04, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Micro Question for a Micro Amount of Money
Replies: 10
Views: 756

Re: Quick Micro Question for a Micro Amount of Money

Hello, I just opened a Roth at Fidelity that I plan to start funding with anywhere from $100-$1000 a month, which I kicked off with my first $400. I planned to put this into a single index fund like a Large Blend 500, but I see I need $2500 minimum to start FUSEX. Is there another index you might r...
by Daryl
Wed Oct 03, 2018 5:27 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5654

Re: Landlord wants to raise rent, but is asking if he can?

Every good, experienced landlord knows that there is nothing more expensive in real estate investing than vacancy. Better to have a unit that is slightly below "market rents" and a great tenant than an empty unit earning nothing. The best time to increase rents is with the natural turn-over of the u...
by Daryl
Wed Oct 03, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 81
Views: 17036

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

I have a CD maturing on 10/15/2018 at Fidelity. Is it possible to buy 1-year T-bills (auction on 10/9/2018, settlement on 10/11/2018) with the proceed of the CD? I've enabled margin trading on my Fidelity account so I don't think this would be an issue. Trying this in a cash account could be proble...
by Daryl
Thu Sep 27, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - Private mortgage on investment property
Replies: 8
Views: 617

Re: FAFSA - Private mortgage on investment property

I'd avoid this whole situation as I don't have any interest in mixing extended family relationships and finances! Let's assume you borrow the funds from an unrelated third party and that the arrangement includes reasonable terms. Without reading any of the instructions, I'd probably be OK reporting ...
by Daryl
Wed Sep 26, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: Exactly how do index funds work?
Replies: 15
Views: 1852

Re: Exactly how do index funds work?

"The Wizard"'s post is spot on. Most of us realize that index funds employ a sampling technique to match (as closely as possible) the return of the underlying index. This creates tracking error, which may result in over/under performance with respect to the underlying index. In some cases, tracking ...
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: 17
Views: 1935

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: 6
Views: 532

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: 37
Views: 4243

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: 10392

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: 2696

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: 1312

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: 400

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: 1783

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: 1159

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: 2657

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: 1057

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: 1006

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!