Search found 5400 matches

by bottlecap
Sat Jun 23, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 25
Views: 15777

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: 1103

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: 26
Views: 1894

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: 1864

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: 3219

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: 2046

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: 534

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: 5040

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: 72
Views: 5981

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: 7495

Re: Which Supermarket are you?

Are you mad!?!

I’m not made of supermarkets!

JT
by bottlecap
Tue Jun 19, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 126
Views: 7011

Re: gray hair

But if you don’t like the look of gray and aren’t old enough that you definitely should be gray, I don’t think dying it is a big deal. The hassle of doing it would probably be the greatest deterrent for me. But since I learned that people just assume I dye my hair, I guess I should think about addin...
by bottlecap
Tue Jun 19, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: New Ponzi scheme fiy
Replies: 5
Views: 1932

Re: New Ponzi scheme fiy

bob60014 wrote:
Tue Jun 19, 2018 7:44 pm
As bad as this is, the worst are the title loan programs, payday loans and other juice loan type operations that prey on the low income, uneducated and desperate people.
The lowest of the low are state-run lotteries, though. At least title loan places have competition to keep them honest.

JT
by bottlecap
Tue Jun 19, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: Carpet Installers- Tipping?
Replies: 22
Views: 1438

Re: Carpet Installers- Tipping?

No. Besides, you will find out a few years that they didn’t do a very good job. Save that money and put it toward restretching the carpet when it loosens up.

JT
by bottlecap
Tue Jun 19, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 72
Views: 5981

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

nisiprius, i think your criticism/attacks on buffett are unfair and uncalled for. he is one of the greatest investors and capital allocators of all time. he has gone above and beyond just about any other executive or fund manager in teaching others and describing the inner workings of Berkshire thr...
by bottlecap
Tue Jun 19, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 72
Views: 5981

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

nisiprius, i think your criticism/attacks on buffett are unfair and uncalled for. he is one of the greatest investors and capital allocators of all time. he has gone above and beyond just about any other executive or fund manager in teaching others and describing the inner workings of Berkshire thr...
by bottlecap
Tue Jun 19, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 72
Views: 5981

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

Rule #1: Nobody actually knows what Buffett means by many of the things he says. Rule #2: never forget rule #1. Very true. Honestly, I think a lot of it is a part of the folksy marketing schtick and it doesn’t make sense to try to read the tea leaves. Buffett is smart. If he had something to say an...
by bottlecap
Tue Jun 19, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435274

Re: Anyone buying today?

I don’t have time to watch the market. Just put it regular and you’ll be fine. Lots of other things to worry about.

JT
by bottlecap
Tue Jun 19, 2018 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9748

Re: Messy Divorce -- Forensic Accounting Help....

For those saying forget it and move on: The OP may not even be entitled to the money since it was a gift to wife (presumably). The problem as I see it is that if she does have this money and doesn’t disclose it, she will cry poormouth in court and take another $100,000 to $200,000 from the marital e...
by bottlecap
Mon Jun 18, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4824

Re: How much car to buy reasonably?

If you’re single, get any car you want. You can afford it. Don’t feel like you have to be wedded to a car, either. You can always sell it in a year and you won’t be losing much compared to your net worth or income. Don’t think if you spend $50k on a car and don’t like it, you’re out $50k. Because yo...
by bottlecap
Mon Jun 18, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8313

Re: Very confused with the current market

Interesting thread the OP started 5 years ago... https://www.bogleheads.org/forum/viewtopic.php?f=1&t=115916&p=1687411#p1687411 I have to wonder when the OP was ever certain about the market? Sadly, it is why too many fall into the "average investor" returns that the orange column shows below in th...
by bottlecap
Mon Jun 18, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9748

Re: Messy Divorce -- Forensic Accounting Help....

I admire your strength through this. It sounds horrible. Your spouse was likely making transactions that would not have to be reported to the government or her tax preparer - you. So I would think along those lines. Safe deposit box with cash and/or jewelry are the first things that come to mind. I ...
by bottlecap
Mon Jun 18, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 15
Views: 2495

Re: Trust Help From Cruel Stepmother

I’d talk to a lawyer. Be prepared for the news that the trust was revoked and the will changed several months before his death. The kids will get just enough to make it worth not challenging the new will. Because it you do challenge, you'll forfeit what you do get. Manipulative people do bad things....
by bottlecap
Mon Jun 18, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 72
Views: 5981

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

I think it's bunk. I'm not even sure Buffett said it, but even he is prone to saying bunk that sounds erudite on the surface. If a head coach of a sports team said the number one rule is win (or to not lose), no one would deeply analyze that meaningless platitude. Sometimes investments lose money. S...
by bottlecap
Mon Jun 18, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Having a hard time pulling the trigger...
Replies: 25
Views: 2374

Re: Having a hard time pulling the trigger...

My reservation around investing in VTI right now is that the market is pretty close to an all-time high and it ramped up very quickly after our last election so I fear I have missed on the gains and won't see those in the future with a much larger down-side potential (market correction). That reall...
by bottlecap
Mon Jun 18, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8313

Re: Very confused with the current market

- It has been history higher and higher. - the fundamental law says it will recycle every 10 years - I had been on cash for 10 months Please don't tell me I should not time the market. What's going wrong? Nothing is going wrong. You are taking a very simplistic view of the market and the economy. I...
by bottlecap
Sat Jun 16, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1052

Re: Boat Liability

I would title it in one of your names only if I was concerned about liability. If you title it in both your names and someone gets hurt, both of you will definitely get sued just because of that. That's not to say you won’t both get sued otherwise, but the titled owners are automatically getting sue...
by bottlecap
Fri Jun 15, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13361

Re: Oh my! Cardone says we need $10m net worth

Well I might as well just spend it all now....

JT
by bottlecap
Fri Jun 15, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 66
Views: 2554

Re: Job in MA, live in MA, RI, or CT?

Sorry for your loss.

I would want to keep my taxes simple, so I’d stay in MA. It’s probably the best run state of the three, though that ain’t saying much. Connecticut’s a horror show. CT’s tax rate is a candidate to go up.

JT
by bottlecap
Thu Jun 14, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Low inflation caused by e-commerce?
Replies: 15
Views: 1814

Re: Low inflation caused by e-commerce?

Honestly, CPI is not a great measure. An aggregate measure of the market price of a fixed basket of goods is not a great indicator of real life inflation.

I’d ignore it.

JT
by bottlecap
Thu Jun 14, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Financial strength ratings of auto insurers
Replies: 12
Views: 837

Re: Financial strength ratings of auto insurers

jalbert wrote:
Wed Jun 13, 2018 10:57 pm
Financial strength is what enables them to be capable of paying your claims if you need to file one.
For your one claim to bankrupt an auto insurer, you'd have to crash into a nuclear plant and blow it up. At that point, auto insurance is the last of your problems!

JT
by bottlecap
Wed Jun 13, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5401

Re: Strategy for a prolonged bear market

In the event of a prolonged bear market (define the timeframe as you will), does your Investment Policy Statement (IPS) contain a strategy beyond "stay the course" and "rebalance by directing funds to the decreased asset"? I'm just curious if other Bogleheads have adopted lesser discussed strategie...
by bottlecap
Wed Jun 13, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2994

Re: Imagine a 10 year, 0%, noncallable loan

The way of calculating the value of this loan - what you would be willing to pay today to be able to get it - is a function of the present interest rate. Calculate the value of all the interest you would pay on a normal market rate loan, discount it to present value, and that’s what you would pay to...
by bottlecap
Wed Jun 13, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Subaru EyeSight windshield insurance
Replies: 14
Views: 1556

Re: Subaru EyeSight windshield insurance

Only insure what you can’t afford to replace.

If the eyesight windshields are more expensive to replace, the cost of the insurance goes up. As a result, you get no more benefit than regular windshield insurance, which, if it is a thing, I imagine not many people buy.

JT
by bottlecap
Wed Jun 13, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5707

Re: Anyone with a paid off house drop homeowners insurance

I have read everyones replies. I am going to renew the policy. I would feel better if I actually felt like I was insured. You are insured. But read your policy to know what you are insured against. Your friend didn’t. Even expensive insurance doesn’t cover things that are excluded from coverage. Th...
by bottlecap
Wed Jun 13, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Thrivent?
Replies: 17
Views: 1720

Re: Thrivent?

Don’t know that it’s worse than EJ, but there are far better options out there than Thrivent.

If your relative is going to go through the trouble of moving accounts, why not move it to an account that makes a big difference - and in the investor’s favor?

JT
by bottlecap
Wed Jun 13, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8643

Re: Getting killed on taxes - any ideas?

Thanks for the input everyone. To the posters who thought I was attempting to "humblebrag," I can promise that I wasn't. We only achieved dead broke (i.e., loans equaled assets) when I was about 35. We're now on the plus side by only a little bit. I recognize that our income is high. But as I had s...
by bottlecap
Wed Jun 13, 2018 6:30 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16129

Re: Should I take possession of a certified mail?

Two points to correct from previous posters: Summons for lawsuits are typically issued by the court, but not necessarily served by a government official. And local rules vary, but his guy could send a copy of a summons issued by a court via certified mail and it might be considered "good" service un...
by bottlecap
Tue Jun 12, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5707

Re: Anyone with a paid off house drop homeowners insurance

I wouldn't, and I don't like paying for insurance. Can you raise your deductible? You've basically answered your own question. You are "terrified" of not having liability insurance and must have homeowner's insurance to get the liability insurance. I don't know why you are even thinking about droppi...
by bottlecap
Tue Jun 12, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8643

Re: Getting killed on taxes - any ideas?

I’m not fan of high taxes, but ... Your problem isn’t that you are getting killed on taxes. Your problem is that one or both of you don’t want to work very long, and you’d prefer to bank those taxes to get you closer to your goals. That’s not how things work. 401ks and perhaps an HSA are the big way...
by bottlecap
Tue Jun 12, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16129

Re: Should I take possession of a certified mail?

See what the letter says. It could be a summons, depending on your jurisdiction. I disagree that this sounds like a "two sides to every story" situation. This guy sounds like a weirdo. Up to and including the certified letter. "Furious" is also a red flag. Someone who comes over to discuss a job or ...
by bottlecap
Tue Jun 12, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Paying off a mortgage: Incentivized by new tax law?
Replies: 17
Views: 1565

Re: Paying off a mortgage: Incentivized by new tax law?

The mortgage runs to April 2045 if I do nothing (27 years); and I would be 79 years old at payoff. This alone would incentivize me to accelerate payoff. In your shoes, I would plan to have the mortgage paid off by the time I retire. I agree. I'm not sure why you'd want a mortgage this long. Persona...
by bottlecap
Tue Jun 12, 2018 8:50 am
Forum: Investing - Theory, News & General
Topic: You Can Market Time At Valuation Extremes
Replies: 36
Views: 3933

Re: You Can Market Time At Valuation Extremes

You sure can. So long as you are a computer and you are back-testing.

JT
by bottlecap
Tue Jun 12, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15540

Re: Top Shelf Liquor Overrated?

Picked up some Laphroaig based on this thread. Holy cow is that peaty. Felt like drinking a camp fire. :happy Hopefully I'll warm up to it, but right now I much prefer Oban 14, Macallan 10 and Talisker 10. Still have the Ardbeg on my list to try. I actually happened to have Laphroaig that was offer...
by bottlecap
Mon Jun 11, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Judgement Proof and in your 20's (Massachusetts)
Replies: 11
Views: 1686

Re: Judgement Proof and in your 20's (Massachusetts)

It depends not only on state law, but the type of debt. Where I live, if it is a judgment debt, it can be renewed every 10 years. If it’s a bill, a statute of limitations would apply.

Look into the laws of your state and until it is uncollectible, you just hope you don’t come into any money.

JT
by bottlecap
Mon Jun 11, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Very Basic 401k question
Replies: 7
Views: 513

Re: Very Basic 401k question

Depends on the plan. T Rowe Price would not let me do something similar.

JT
by bottlecap
Mon Jun 11, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4746

Re: How do you celebrate (potty trained kid) milestone with your spouse?

Such a thing never occurred to us, so I’m at a loss. The Q-Tip thing is hilarious, but it looks like you’re looking for a “Sorry I spend 18 hours a day at work while you deal with diapers” gift. That kind of gift depends on your spouse. If we did that sort of thing, I would get a babysitter and take...
by bottlecap
Mon Jun 11, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cheap like me and have to put new $s into the asset class that's down the most?
Replies: 23
Views: 2626

Re: Anyone else cheap like me and have to put new $s into the asset class that's down the most?

So the asset you buy could have gone up for 12 days, but if it’s down the day it goes in, then you buy it? Sounds goofy to me. I set it and forget it. There are a lot of people, even here, that make up games to give them the illusion of control. I don’t think it’s meaningful and therefore not worth ...
by bottlecap
Fri Jun 08, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10060

Re: Why do we work?

To meet my family's needs of living and have a sense of purpose. When you are employed, it always seems you are working to meet your family's needs. When you are unemployed, it always seems like you long for a sense of purpose. I don't think most people work to own ever "better" things. I think that...
by bottlecap
Fri Jun 08, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Tipping HVAC installers?
Replies: 22
Views: 1905

Re: Tipping HVAC installers?

No, there is no reason to. They are doing there job, not providing you some personal service, and getting fully paid by their employer.

Offer them a drink or snack if you want to be nice.

If you do tip them, don't forget to tip your attorneys and doctors, too. They provide a service.

JT
by bottlecap
Fri Jun 08, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3452

Re: How much to spend on daycare?

There is no right answer between you options. It’s whatever you are comfortable with. The most important things are to interact with the child and keep it safe. We never felt comfortable leaving our infants with anyone else. When they got a little older, we picked providers that seemed good with kid...