Search found 5438 matches

by bottlecap
Mon Jul 16, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 92
Views: 6031

Re: Why is leveraging property good but leveraging stocks bad?

Answer:

It’s not, but few people can buy a house without financing. You can invest small amounts regularly without financing.

JT
by bottlecap
Mon Jul 16, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 49
Views: 3058

Re: Tell me what's wrong with my strategy

I've been hyper focused on paying off the mtgs and maximizing revenue and have been paying 0% attention to putting my cash to work for the last 15 years, which is why I have a bunch of CD's and money market accounts. Currently, with less to do, I am eager to get my hard earned cash working for me i...
by bottlecap
Mon Jul 16, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Did I get ripoff by this car mechanic?
Replies: 32
Views: 2650

Re: Did I get ripoff by this car mechanic?

It looks like $1,000 parts and labor for the intake manifold gasket replacement. That's a bit expensive, but not crazy. The remaining $400+ looks to be for other stuff. Assuming it needed doing, I don’t think you got ripped off. In my area, however, that's more like dealership pricing than independe...
by bottlecap
Sat Jul 14, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 50
Views: 5578

Re: Be Careful Using Mailboxes

Well, this certainly gives me something to look forward to in 20 years...

JT
by bottlecap
Fri Jul 13, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 49
Views: 3058

Re: Tell me what's wrong with my strategy

No advantage whatsoever. You are just trying to pick the stocks in the index that have done well lately and overweight them.

If this worked most of the time, wouldn’t it be a part of the investing manual?

You have a good income. Don’t get fancy and screw things up.

JT
by bottlecap
Fri Jul 13, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Do insurance agents add value? How?
Replies: 24
Views: 1405

Re: Do insurance agents add value? How?

This ones on you, although I am surprised the insurance company didn’t send a letter notifying of the impending cancellation. I have never met with my agent and wouldn’t expect to. I call him and tell him my needs and his office sends me the information and pricing. The policy, and all billing, is d...
by bottlecap
Thu Jul 12, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2287

Re: Health Insurance for Couple Early Retirement

Have your brother contact a health insurance broker. Over the last few years health care insurance has become wildly expensive despite inflated deductibles and it has become impossibly complex. That’s why I would go to a broker in his situation. The bottom line is too retire early - before something...
by bottlecap
Thu Jul 12, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 46
Views: 4862

Re: Costco Membership

I don’t know. Why not try it?

Costco isn’t just for people who buy in bulk, you know.

JT
by bottlecap
Wed Jul 11, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: A Great Investor has only one word of advice
Replies: 7
Views: 1259

Re: A Great Investor has only one word of advice

At first blush, I tend to agree.

It contains an interesting, but obvious, point about Buffett that many ignore, too.

JT
by bottlecap
Wed Jul 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2044

Re: Neighbor’s Contractor Damaged Adjoining Property

And I don't know why non-lawyers are so quick to chime in with their thoughts / suggestions. Law isn't just for lawyers, it is for everyone. Some small claims courts don't even allow lawyers to represent clients in court. There is a difference between “the law”, which is for everyone, and giving le...
by bottlecap
Wed Jul 11, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2044

Re: Neighbor’s Contractor Damaged Adjoining Property

Here’s my nonlegal advice. Make both the neighbor and the contractor aware. Tell neighbor you are trying to resolve through the contractor. Neighbor may even help. If contractor doesn’t make it right, then go to the neighbor for redress. Your friend has no relationship to keep with the contractor, b...
by bottlecap
Wed Jul 11, 2018 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4410

Re: Target date funds....unsophisticated?

Target date funds, really? Yup. Really. You’re missing the fact that most people that have lives to live will not rebalance regularly and, for fear of market conditions, may even hesitate to rebalance. Reality trumps theory. It is well worth a few extra basis points in a tax advantaged account to t...
by bottlecap
Tue Jul 10, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: Market Timing - A fool's game?
Replies: 28
Views: 2116

Re: Market Timing - A fool's game?

Yes. Of course it’s a fool's game. Everyone is capable of being a fool in this game. So don’t play it.

JT
by bottlecap
Tue Jul 10, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4410

Re: Target date funds....unsophisticated?

A target retirement fund is one of the best options around.

We all think we can do better. Few do. And they are the lucky ones, not the smart ones.

Stay unsophisticated, my friend.

JT
by bottlecap
Tue Jul 10, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4199

Re: Which advanced tech is necessary in cars?

Blind spot monitoring is nice. ABS is standard now. I presume ESC is as well. Unless you are buying used, of course. Automatic braking to avoid collisions is also nice as a failsafe, although in the short amount of time I’ve driven with it, it started to brake on a narrow winding road because of onc...
by bottlecap
Sun Jul 08, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: What methods are you using to deterimine price to offer on new cars
Replies: 15
Views: 1333

Re: What methods are you using to deterimine price to offer on new cars

Email does work really well. Don’t give them your phone number until you’ve got a price you like. Ask for out the door prices. You can get a good feel for what they will sell it for once you get 5or 6 responses. Some dealers will be way off, but a few will give you close to their lowest price. I thi...
by bottlecap
Sun Jul 08, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Used Honda - How to confirm it was serviced on time?
Replies: 18
Views: 1186

Re: Used Honda - How to confirm it was serviced on time?

Honda no longer publishes a maintenance schedule in the manual. The work is based on the maintenance minder. However, if you search Honda forums or dealerships on the internet, they will give you a rough idea of when the maintence codes should appear. Oil, for instance, is about 7,500 miles, accordi...
by bottlecap
Sat Jul 07, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Professional Crossroads - need advice
Replies: 9
Views: 1258

Re: Professional Crossroads - need advice

Impossible for any of us to say because we can’t properly evaluate the opportunity.

But you are basically more than set as it is. Of course, your present work may not be as stable as you think, but if it is, you have a lot to potentially lose.

Good luck,

JT
by bottlecap
Sat Jul 07, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5544

Re: Girls and investing

My oldest is 7. I don’t think I’m going to teach her about investing. Stuff like saving is more digestible and important at this point. I also have a boy child. I don’t think that the yardstick will be different for him. I suspect that every child is different regardless of sex and I suspect that I ...
by bottlecap
Sat Jul 07, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5300

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

I’m a little late, but the tire rotation is a good deal. The manual may say that your brake fluid needs to be changed based on time, but if it’s "dirty" you may have a problem. I doubt it’s dirty. I think you are getting taken advantage of on some of this stuff, but it could be worse. Don’t take it ...
by bottlecap
Fri Jul 06, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 51
Views: 3963

Re: Thoughts on Healthcare Sharing?

What business is it of yours or mine why someone would choose employer funded insurance, open market insurance, ACA subsidized insurance, healthcare sharing or nothing at all. If you are truly interested in understand the underlying issues, you might start with these Wikipedia articles: https://en....
by bottlecap
Fri Jul 06, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 51
Views: 3963

Re: Thoughts on Healthcare Sharing?

At least give any example of where it left someone high and dry. JT I googled it. My first hit gave seven. "There were dozens of reader comments left on the bottom of Parnell’s blog post, including six by people who said they were Medical Cost Sharing members and had nonpayment complaints similar t...
by bottlecap
Fri Jul 06, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 1807

Re: Active Management Justification

Nate79 wrote:
Fri Jul 06, 2018 10:06 am
bottlecap wrote:
Fri Jul 06, 2018 9:46 am
I’d fire my broker.

You can always find a chart or fund that looks better than an index.

The thing is, you can only find it for sure in hindsight.

JT
So everyone should fire Vanguard for their research?
Sure.
by bottlecap
Fri Jul 06, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 3685

Re: 10 years to lose wealth applicable to bogleheads ?

You use the terms income with wealth interchangeably, so it’s hard to comment.

But in general, those in the different quartile a of income do fluctuate over the decades.

JT
by bottlecap
Fri Jul 06, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 1807

Re: Active Management Justification

I’d fire my broker.

You can always find a chart or fund that looks better than an index.

The thing is, you can only find it for sure in hindsight.

JT
by bottlecap
Fri Jul 06, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Repair car, new or rent for cross country trip
Replies: 13
Views: 673

Re: Repair car, new or rent for cross country trip

Take it to someone who is not a dealer. Seems strange that 3 of 4 rims have been bent since your last tire rotation.

JT
by bottlecap
Thu Jul 05, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6550

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

I invest like I do after thorough research into the subject, not on the advice of any one individual. And I certainly do not justify my conclusions with snippets from experts repeated without context. Even if it is Jack Bogle. If Jack Bogle ever truly decides to play valuations, it won’t make my con...
by bottlecap
Tue Jul 03, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3365

Re: Advocating to not index

Shouldn’t we not advocate for indexing too much due to the efficiency non-indexers bring to the market? Essentially I am benefiting from others paying brokerage fees to make the index market more efficient for me. If too many people index then the market becomes inefficient. This is posted about fr...
by bottlecap
Tue Jul 03, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4478

Re: Why would creating an intelligent S&P 475 be so difficult to do?

But why can’t those same bright ones at least identify 25 dogs out of 500 large companies? Or 20? Or even 10? What exactly makes something like that so very difficult to accomplish? Well, because you have to intimately know the industry each company is in. You have to know what management of the co...
by bottlecap
Tue Jul 03, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Repair Vehicle or Move On?
Replies: 22
Views: 1493

Re: Repair Vehicle or Move On?

If you are only planning on keeping it a few more years, I probably wouldn't sink $5k in it. I'd take the $2,500. Your mechanic will make some money on it, but if you can't do the work yourself, thems the breaks. I suppose you could pay the $5k, drive it for two years, and sell it for $5k, though. S...
by bottlecap
Tue Jul 03, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 94
Views: 6093

Re: Do We need health insurance??

I don't reflexively say that you need health insurance like some folks. But you do have a lot to lose in your case. Plus, you have so much in assets, even paying $2,500 per month isn't going to crimp your style, even though it makes you wince. I would look into a catastrophic plan to the extent that...
by bottlecap
Tue Jul 03, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Acura MDX compressor gone kaput
Replies: 5
Views: 473

Re: Acura MDX compressor gone kaput

I'd just get it fixed unless it would crush you financially. That way you have air now and should you want to sell it, someone might want to buy it.

JT
by bottlecap
Sun Jul 01, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How to document a verbal conversation for future legal reasons.
Replies: 21
Views: 2930

Re: How to document a verbal conversation for future legal reasons.

Record it if it’s legal where you live. That’s about the only way to "document" it without committing it to writing in some form.

JT
by bottlecap
Sat Jun 30, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10247

Re: Lost out on promotion

Boss: Sorry about not getting the promotion. I felt like I need to see more initiative out of you before that happens. You: Thanks for letting me know. I took the initiative on x, y, z things so far, but I’m always looking to improve. Are there any things you think I can start doing right now to tak...
by bottlecap
Fri Jun 29, 2018 6:13 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5647

Re: Dave Ramsey against index funds?

He’s wrong. His preferred endorsed providers don’t sell index funds, so he doesn’t beleive in them. I’m not a Dave Ramsey hater, but he's smart enough to figure this out. Therefore I have to conclude that he knows which side his bread is buttered and he will never advocate index funds because he rea...
by bottlecap
Wed Jun 27, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6106

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

Unless you need a bigger truck for hauling stuff, the Ridgeline sounds like a win. I imagine it gets better mileage and it’s easier to drive.

Chevy and even Ford can’t beat Honda reliability, either.

JT
by bottlecap
Wed Jun 27, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4478

Re: Is there a way to avoid bad companies in S&P 500?

Is there a way to identify the “bad” companies in the S&P 500 ahead of time?

GE was one of those bad companies. I guess it should never have been a part of the index.

JT
by bottlecap
Wed Jun 27, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Are we just way over complicating this?
Replies: 113
Views: 7039

Re: Are we just way over complicating this?

We definitely over complicate it.

JT
by bottlecap
Wed Jun 27, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20611

Re: Can you retire on $2M?

I think $2 mil is doable. I’m shooting for $2.5. I’d love $3.

But I would likely retire no earlier than 60.

JT
by bottlecap
Sat Jun 23, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 44
Views: 19947

Re: Costco tire - Michelin vs Bridgestone

Stick with the Michelin’s.

JT
by bottlecap
Fri Jun 22, 2018 4:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mel Lindauer
Replies: 22
Views: 1325

Re: Happy Birthday Mel Lindauer

Happy birthday!
by bottlecap
Fri Jun 22, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Am I wasting money on my old car?
Replies: 34
Views: 3398

Re: Am I wasting money on my old car?

I don’t think you’d be wasting the money. You could drive it some more.

However, it’s more than twenty years old. How much longer are you going to drive it? If you’re thinking about getting a new (to you) car in the next 3 years, sounds like now might be a good time to cut bait.

Good luck,

JT
by bottlecap
Fri Jun 22, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Two Toyotas - time to update for long trips?
Replies: 25
Views: 2065

Re: Two Toyotas - time to update for long trips?

Breakdowns are not a reason to get a new car in your case. Your vehicles are reliable makes and apparently well maintained. Get AAA if you are concerned, but realize that new cars breakdown, too. The only difference is if it’s covered under warranty or not. If something does happen, rent a car and p...
by bottlecap
Thu Jun 21, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3579

Re: What will (or would) you tip when wages go up?

I would go out far less because the cost of doing so will rise commensurately. And then your tip will be based on that increased cost. No thanks. I would certainly not tip more than 15% in any event. Probably 10% when the law is fully implemented. I’ve worked every job in a restaurant other than bar...
by bottlecap
Thu Jun 21, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: 1st Car Mechanic service experience
Replies: 41
Views: 2295

Re: 1st Car Mechanic service experience

When you can get an oil change for $30 and in a half hour, there’s no need to change it yourself. I still do, but ain’t gonna fault anyone else for not going that far. On many cars, though, the air filter is something the owner can do for 1/2 or 1/3 the price. Worth looking into for many. I will nev...
by bottlecap
Thu Jun 21, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Hands-free solutions
Replies: 15
Views: 635

Re: Hands-free solutions

Just buy a new radio that has Bluetooth hands free technology. It’s less than a couple hundred bucks. If your not handy, have someone else install it and sync your phone for you. My phone connects to my radio automatically every time start my almost 19 year old vehicle. The set up is even nicer than...
by bottlecap
Wed Jun 20, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 5671

Re: Surprise - Costco sells - but does not install vehicle batteries

It would never cross my mind to have someone else replace my battery. Even if bought at autozone or the like.

I typically save the $25 overcharge and buy at Costco, though.

JT
by bottlecap
Tue Jun 19, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 6990

Re: What does it mean: Rule No. 1: Never lose money

It's an unfair criticism because Nspirius, and yourself to some extent, are generalizing from your own inability (real or perceived) to understand Buffett's advice and saying that nobody can know what he means...which gives the perception that he isn't worth reading or listening to. No one said tha...
by bottlecap
Tue Jun 19, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8376

Re: Which Supermarket are you?

Are you mad!?!

I’m not made of supermarkets!

JT