Search found 5895 matches

by bottlecap
Wed Apr 24, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: input needed on this book by Robert T. Kiyosaki in the "Rich Dad" series. Helping a friend.
Replies: 19
Views: 3174

Re: input needed on this book by Robert T. Kiyosaki in the "Rich Dad" series. Helping a friend.

Sand trap:

I got sucked into this revived old thread. Do you have an update on your friend?

I had some friends that followed Robbie K. against my advice back in 2005. They nearly went broke a few years later, but the federal government saved their bacon.

JT
by bottlecap
Tue Apr 23, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 74
Views: 6053

Re: What, if anything, do I owe this guy?

You owe him nothing. Simply tell him you've reconsidered and don't want an advisor. You can give more explanation about the fees being too much and your philosophy as to index investing, but it will just give him more fodder to tell you why he's worth it and he can do better. This isn't the first ti...
by bottlecap
Tue Apr 23, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and Student Loans
Replies: 62
Views: 3782

Re: Marriage and Student Loans

Wait until you're married. Then use a portion of the her salary to pay off the student loans. Continue to contribute to retirement, for both of you. Live off the rest. When you are married, it is really all coming from the same pot anyway. Youre paying them off together. But I wouldn't pay them off ...
by bottlecap
Tue Apr 23, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 3973

Re: At what age did you buy your first first class airplane ticket?

Never. Never will.

I did once get bumped to first or business class on an international flight when I was 18. It was cool at the time, but Id never pay for it.

JT
by bottlecap
Tue Apr 23, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Getting Spouse On Board With Saving
Replies: 32
Views: 2089

Re: Getting Spouse On Board With Saving

I don't think you are out of line, but I had parents that told me to max out my retirement plan and live on the rest. My parents were old-fashioned. You know, what they call nowadays, "dummies"! I don't know whether you can do that given whatever student loan payment you have. I think a budget would...
by bottlecap
Mon Apr 22, 2019 7:02 am
Forum: Non-US Investing
Topic: The urge to go back to stockpicking [Malaysia]
Replies: 25
Views: 1477

Re: The urge to go back to stockpicking

You could be the next Warren Buffett. Not that he’s done too well lately. It’s not realistic to think you had anything to do with the performance of those stocks, especially in a rising market and your not having access to any of the tools of the pros. But if you want to indulge fantasy, why not tak...
by bottlecap
Mon Apr 22, 2019 6:57 am
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 3820

Re: Tips for getting the most out of your cruise?

My recollection is on embarkation day the main dining room won’t be open. Cafe Promenade is probably the better option if open, but it is small and has less of a selection. Water is ready available throughout the ship without charge. Juices are available in areas where food is. We've never checked w...
by bottlecap
Sun Apr 21, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 3820

Re: Tips for getting the most out of your cruise?

We chose RCI because they were rated high when traveling with teens and tweens. Royal Caribbean is a great line, you’ll be fine. The only other thing I can suggest is try to get the dinner time you want by asking early and persistently for a change if you’re not happy with your present time. We hav...
by bottlecap
Sun Apr 21, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

And that's part of why government bonds pay less - less risk. It still doesn't provide a rationale for anything else.

JT
by bottlecap
Sun Apr 21, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

Actually, it sounds like they went to zero and only after the a favorable military outcome did the Polish government agree to bail American investors out. It sounds like it largely applied to only American investors, spurred by the Roosevelt administration. The article mentions the bond holders of m...
by bottlecap
Sun Apr 21, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

If anything, I'd say the latter. But on the contrary, the world always looks like it will end. Theory-wise, saying that bonds return the same as stocks doesn't make sense. I have a hard time believing any other theory or no theory at all, as the case may be. And where stock markets didn't do well, b...
by bottlecap
Sun Apr 21, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

gmaynardkrebs wrote:
Sun Apr 21, 2019 2:35 pm
Yes, if I were a corporate officer. If the actual return from whatever my company is financing via bonds turns out to be better than expected, I get a higher salary, incentive stock options etc.
The only problem with this theory is that officers don't have the authority to issue debt.

JT
by bottlecap
Sun Apr 21, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

So donice, why do you think stock investors take all that risk for no extra return?

JT
by bottlecap
Sun Apr 21, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: update 70s kitchen or nah?
Replies: 49
Views: 3473

Re: update 70s kitchen or nah?

If you can afford it and will enjoy the finished product, do it. You probably won’t get every dime back when you sell, but so what. It will also help it sell faster.

If you dread the process, can you stay at a family members or hotel during the remodel?

JT
by bottlecap
Sun Apr 21, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

I don't think so. Risk can't be baked into expected return because no one knows in advance what the risk is or how it will show up. Again, you misunderstand. "Expected return" is not "guaranteed expected return." It’s not a math problem you can plug numbers into so as to exactly calculate it. Under...
by bottlecap
Sun Apr 21, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

...but Steinardt's point is that you don't just magically get higher returns with stocks because they are stocks. He reverses the order: Stocks *ARE* riskier, so you should have some reason to believe that there is a higher expected return OTHER THAN JUST THE FACT THAT STOCKS ARE RISKIER. Steinardt...
by bottlecap
Sun Apr 21, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

I think everyone here is wrong. Stocks should not be expected to inherently beat bonds in the long run. The fact of having more *risk* to justify a higher *risk premium* means they'll have higher returns *if the risk doesn't show up*. But the risk can, indeed, show up. If the risk shows up, the ret...
by bottlecap
Sun Apr 21, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Why should stocks beat bonds in the long run?
Replies: 106
Views: 5921

Re: Why should stocks beat bonds in the long run?

Equity owners get paid last and therefore take more risk. In exchange, they require, on average, a greater return than bond holders. It’s as simple as that. Looked at another way, owning a business, though more risky, on average returns better than owning bonds. If the weren’t so, business owners wo...
by bottlecap
Sun Apr 21, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: When to get attorney after car accident?
Replies: 19
Views: 1836

Re: When to get attorney after car accident?

Yes, if you are having those problems, it makes sense to get an attorney.

Thankfully, your concussion symptoms are likely to resolve, but it can take weeks, months and even years. Usually weeks or months, but everybody, and every concussion, is different.

Good luck,

JT
by bottlecap
Sun Apr 21, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Loan to employer?
Replies: 24
Views: 1730

Re: Loan to employer?

Unusual for an owner to lend funds? Probably not. Employee? Probably a bit odd. In addition to asking what benefit you’d get, I’d ask yourself how this might compromise your position as an employee going forward. You know your situation best. I also wonder what the "tongue in cheek" business with th...
by bottlecap
Sun Apr 21, 2019 7:27 am
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 3820

Re: Tips for getting the most out of your cruise?

My advice is to ignore negative people.

Also sign up early for things you really want to do.

If you want a nice day on the pool deck, think about skipping the least interesting port and staying on the ship.

Good luck,

JT
by bottlecap
Fri Apr 19, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 3048

Re: At what point would you hire someone vs. cut down a tree yourself?

Call a tree service or 5. We had a dead tree near the house that came down during a storm and damaged our deck. I found a place that took that one and two other trees for $750.

I thought it was going to be at least $2,500.

JT
by bottlecap
Wed Apr 17, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Do you pick up after renting a vacation rental?
Replies: 51
Views: 3402

Re: Do you pick up after renting a vacation rental?

What does the contract say? What did you agree to?

A rental property is a business. I'm respectful to property, but if I'm paying $175 for a cleaning fee and the contract doesn't say I'm to do the dishes, then I'm not bothering to do the dishes.

JT
by bottlecap
Tue Apr 16, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4455

Re: Why does the stock market go up in the long term?

My guess is economic growth largely due to increases in productivity. I'd be skeptical about attributing economic growth to population growth for a number of reasons. Productivity increases are not a sure thing, especially over the short term. And our investing horizons are relatively short term. Th...
by bottlecap
Fri Apr 12, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9573

Re: How do 40 year olds decide what they can afford?

Congrats. You spent all of you 40s extra money on a second mortgage. That is your toy.

There's nothing left for other toys. Problem solved!

JT
by bottlecap
Thu Apr 11, 2019 10:14 pm
Forum: Personal Investments
Topic: To refinance or not
Replies: 5
Views: 457

Re: To refinance or not

Not enough information given to tell.
by bottlecap
Wed Apr 10, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Infertility treatments/insurance/job situation
Replies: 29
Views: 1935

Re: Infertility treatments/insurance/job situation

I wouldn’t change jobs. I would just try IUI and pay for it without trying how to figure out how to get other people to pay for it. In the grand scheme of things IUI is not that expensive. I would also not stress out. Roughly one year of trying isn’t unusual. It took my wife and I several years of t...
by bottlecap
Wed Apr 10, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Solution for a thick wallet
Replies: 58
Views: 4999

Re: Solution for a thick wallet

This was my solution:

https://www.amazon.com/MINIMALIST-Alumi ... B07C2LYCNV

I now carry a license, gun permit, insurance card, and 2 or 3 credit cards. Everything else I leave at home or in the car.

JT
by bottlecap
Sun Apr 07, 2019 4:33 pm
Forum: Personal Investments
Topic: Bank deregulation 2019
Replies: 10
Views: 972

Re: Bank deregulation 2019

Phew. At least the headline didn't refer to Armageddon. Then I'd be really worried.

There is nothing you can do. Risk is the price of return.

Rant all you want, that doesn't changed.

JT
by bottlecap
Sat Apr 06, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11635

Re: Is our household budget crazy?

This board is insane sometimes. You’re spending less than a quarter of your gross income. Saving is abundant and more than sufficient. The OP is not insane. If she wants information about how to save on expenses, it is legitimate to answer and also not insane. OP, I don’t think your budget is wild....
by bottlecap
Sat Apr 06, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 3617

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

Now you tell me that this is a thing - after my last kid is almost off breast milk...

We never really had any extra, though, the kids really didn't leave much to spare.

That's decent money, though.

JT
by bottlecap
Sat Apr 06, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8438

Re: Married couples: can you have a team mentality with separate finances?

How many wives in history have thought that their husband's salary is "low"? :oops: :oops: :oops: 'Nough said. We have no independent way of verifying the assessment that it is, in fact, low. True. We have no way of independently verifying anything that anyone posts about their finances or personal...
by bottlecap
Fri Apr 05, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8438

Re: Married couples: can you have a team mentality with separate finances?

What salary is "abnormally low"? Based on the other thread it seems like their expenses are covered many times over by their income. So the abnormally low seems like a subjective statement. Below market. In any event, how is what one spends related to what one earns in this situation? The OP descri...
by bottlecap
Fri Apr 05, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8438

Re: Married couples: can you have a team mentality with separate finances?

He hotly contests that I ever supported him, because we already had a large pile of savings (in joint accounts) which mostly came from his previous earnings. His point of view is that without me, he still could've tapped into his savings and been more than fine while he took entrepreneurial risks, ...
by bottlecap
Fri Apr 05, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8438

Re: Married couples: can you have a team mentality with separate finances?

Just out of curiosity — is there no one on this thread who feels that if one spouse builds a successful career or business, then they should be the primary beneficiary of that hard work and not their spouse? This is my husband's point of view. Take Jeff and Mackenzie Bezos for example. Of course we...
by bottlecap
Fri Apr 05, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8438

Re: Married couples: can you have a team mentality with separate finances?

Keeping assets owned pre-marriage separate is not unusual. Keeping post-marriage income is unusual. I think separate accounts is silly, but if you are incompatible financially (spender vs. a saver), having separate spending accounts might make sense. But you aren't describing separate spending accou...
by bottlecap
Wed Apr 03, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: "Stop Asking Kids What They Want to Be When They Grow Up"
Replies: 25
Views: 1776

Re: "Stop Asking Kids What They Want to Be When They Grow Up"

Can’t read it because of the bad link, but it seems like making a mountain out of a mole hill.

I very much doubt asking a kid what his dreams are resigns them to an unhappy life, work or otherwise.

Trying being happy without a job and no money...

JT
by bottlecap
Sat Mar 30, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8640

Re: Tattoos and Bogleheads

I removed an off-topic comment. As a reminder, this is a family-friendly environment - things you can say in front of the little ones. Substituting a few letters with '*****' is not sufficient to hide the intent. Oops, sorry! I wouldn’t ordinarily do that, but I was referring to its use in an earli...
by bottlecap
Fri Mar 29, 2019 5:40 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8640

Re: Tattoos and Bogleheads

It is an interesting topic. I find it fascinating that it is at once a method of expression and something that people aren't supposed to judge you by. People judge you on all sorts of criteria, particularly what or how you choose to express yourself. I am continually judged by the things I express, ...
by bottlecap
Fri Mar 29, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13024

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

I don't dislike Dave Ramsey. But his investing advice is inadequate and on some issues just wrong. Everyone knows American funds have done well. So the whole comparison has already been done. But listeners don't have access to Dave's 401k. They are encouraged to contact one of his ELPs. What are the...
by bottlecap
Thu Mar 28, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8640

Re: Tattoos and Bogleheads

Technically, I have several tatoos I received involuntarily. The inspiration was "not dying." Voluntarily, I would never get one. They are unnecessary and would improve no aspect of my life. If I like art, I hang it on my wall or take a picture with my phone. If I want to attract attention to myself...
by bottlecap
Wed Mar 27, 2019 8:00 pm
Forum: Personal Consumer Issues
Topic: 2012 Honda Fit MPG issue
Replies: 49
Views: 3114

Re: 2012 Honda Fit MPG issue

If your driving habits have changed around the time this happened, then there is likely nothing wrong.

There could be something mechanical, but it’s far more likely that your are just doing different types of driving. People are bad at judging this because it’s hard to do.

JT
by bottlecap
Wed Mar 27, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Are independent garages cheaper than dealer?
Replies: 58
Views: 4181

Re: Are independent garages cheaper than dealer?

If this is a serious post, then the answer is "of course.” I suppose you could find an exception here or there.

If you like “free” corn kernels, car washes, and crappy but newer loaners, go to the dealer. But you are paying for all that and more.

JT
by bottlecap
Tue Mar 26, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: High School Senior Pictures
Replies: 91
Views: 4740

Re: High School Senior Pictures

Happy graduation gift! Or split the cost. Or say no. I can understand why she might want decent pictures. In reality, a nice picture might mean more to you. My wife's parents treasure her graduation pictures. For my parents, it wasn't a big deal, so my stinky pictures were fine. There are a thousand...
by bottlecap
Sun Mar 24, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Honda Odyssey EX vs EX-L?
Replies: 11
Views: 687

Re: Honda Odyssey EX vs EX-L?

As someone who went for cloth seats a decade ago on a Honda... get the leather! Can I ask why? I have an older Honda with leather and it's cracked/split in multiple areas. It gets to 90 tops in the summer, but that's rare. Honda cloth has lasted for me on the other hand.. You to have to clean and m...
by bottlecap
Thu Mar 21, 2019 10:18 pm
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 5031

Re: Do you still wear a necktie to work?

I do, but sometimes not on Fridays. Or when I forget the tie at home... In my recent experience in a professional office, older people dress like frumpy professors and younger people dress like they are bartenders that serve craft cocktails. It's a strange new world. If life's a costume party, I mig...
by bottlecap
Sun Mar 17, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 7524

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

You won't regret the Odyssey. It will be so much easier than the CRV.

You can afford it and it will make your life - and your wife's life - a lot easier. I'd do it and I'm cheap and drive cars to at least 250k miles.

JT
by bottlecap
Sat Mar 16, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Age for starting kindergarten
Replies: 61
Views: 3664

Re: Age for starting kindergarten

I think the primary concern should be if the child will be bored because they already know all the material, send them. We felt we would like to keep our July birthday child back, but that she would be bored stupid with another year of preschool. It sounds like your child might be there, too. If so ...
by bottlecap
Fri Mar 15, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: What's Your Opinion on Nest Thermostats
Replies: 62
Views: 4856

Re: What's Your Opinion on Nest Thermostats

Honeywell has thermostats that do almost everything the Nest does for a fraction of the cost. I went that route because I just couldn't bring myself to spend the extra money.

Once the novelty of a wifi thermostat wears off, I think you'll be glad you saved the money, too.

JT