Search found 5651 matches

by bottlecap
Sat Oct 20, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Can you include this in a will?
Replies: 19
Views: 2777

Re: Can you include this in a will?

I'd just get the will done right so that a challenge is not going to be successful. That's the best way to discourage a fight.

JT
by bottlecap
Fri Oct 19, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 103
Views: 4670

Re: When to change tires; and what brand

I tried a lot of brands until I tried Michelin’s. I will not buy anything else unless tire rack users suggest that they don’t do well on the vehicle I have. Even then, I’ll be skeptical and might go Michelin’s anyway. The Michelin’s are more expensive, but highly rated. Further, I've had two sets on...
by bottlecap
Fri Oct 19, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Most economical high-quality car wash
Replies: 13
Views: 1391

Re: Most economical high-quality car wash

If your knees work, you can wash the outside of your car, even with a bad back. The inside is another story.

Otherwise, you’d have to pay someone through the nose to get it done right.

JT
by bottlecap
Fri Oct 19, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Are bonds the Maginot Line of Modern Investing?
Replies: 42
Views: 3487

Re: Are bonds the Maginot Line of Modern Investing?

I agree that the Maginot Line is falsely attributed a negative connotation. It worked as it should have. The rest of the Allied thinking and strategy was what was out of date. Still, the German plan was risky, and had to be risky, in part due to the Maginot Line. That it succeeded was not because of...
by bottlecap
Thu Oct 18, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Car servicing
Replies: 42
Views: 2442

Re: Car servicing

As others have said, the issue is that you take it to dealers. Take it to a busy independent.

JT
by bottlecap
Tue Oct 16, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 4831

Re: Kids not interested in money / allowance

Let them be kids. They are learning by seeing what you do with money. You may not see it, but it is sinking in.

JT
by bottlecap
Sun Oct 14, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5828

Re: When to stop putting money into an older vehicle

Generally, don't fix small leaks. Certainly not for $1,500 a pop. If you are tempted to do these things that dealers tell you, stop taking it to dealers.

To drive an old car, you've got to become savvy about these things. Otherwise replace every 10 years. Or lease.

JT
by bottlecap
Sat Oct 13, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Suit for Teenager
Replies: 18
Views: 1187

Re: Suit for Teenager

MathWizard wrote:
Sat Oct 13, 2018 4:13 pm
J C Penny's
Just what I was thinking.

JT
by bottlecap
Thu Oct 11, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 3975

Re: Obamacare premiums will be down an average of 1.5 percent next year

A welcome relief from the 400% increase since it's enactment, no doubt.

JT
by bottlecap
Thu Oct 11, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Considering new Honda Pilot, other suggestions?
Replies: 35
Views: 1892

Re: Considering new Honda Pilot, other suggestions?

The Pilots and Highlanders look so much like minivans nowadays, that you might as well consider one. But I do think that the Sienna is the only offering in AWD.

JT
by bottlecap
Thu Oct 11, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7130

Re: My life saved by New subaru. Almost died.

All the times when I've almost died, I've actually almost died. Lol.

Glad to hear the autonomous emergency braking works in a pinch. I do wish it wouldn't go off from approaching vehicles on narrow roads.

JT
by bottlecap
Thu Oct 11, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5393

Re: This Time is Different

Most of the statements are hard to dispute. If their conclusion is that the central bankers are the problem, however, the solution of giving them more power is laughable. And there is no early warning system. If there were, few economists would agree on what it was. And those on the Federal Reserve ...
by bottlecap
Thu Oct 11, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5164

Re: Feeling Guilt among family/peers

I’ve never felt guilty, in part because I don’t tell people how much I make, how much I spent on my wife's engagement ring, and only take two weeks of vacation a year anyway. But if I did more than these things, I still wouldn’t feel guilty. Contrary to popular belief, what you earn is yours and you...
by bottlecap
Wed Oct 10, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1504

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

bobcat2 wrote:
Wed Oct 10, 2018 2:34 pm
bottlecap wrote:
Wed Oct 10, 2018 2:09 pm
Yup. I was talking about his conclusion in the original link.

JT
The conclusion in the two articles is the same. The metaphors employed are the differences in the two articles.

BobK
Conclusion is different from theory.

JT
by bottlecap
Wed Oct 10, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: 5 ways target-date funds let investors down
Replies: 38
Views: 3431

Re: 5 ways target-date funds let investors down

I'm not sure there is anything to discuss. Much of it is self-evident. My two thoughts are 1) that the author puts way too much faith in the effect of small caps and 2) it weird to say in one breath that target date funds treat every the same regardless of age and in the next say that different allo...
by bottlecap
Wed Oct 10, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1504

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Paul Romer blog post on economic growth. People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow. As a result, we often lose sight of how important even small changes in the average rate o...
by bottlecap
Wed Oct 10, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Questions about adding bluetooth to an older car via a "head unit"/receiver
Replies: 4
Views: 407

Re: Questions about adding bluetooth to an older car via a "head unit"/receiver

A worthwhile purchase. Android Auto is crap, though. Even worse than Apple Carplay. I woould just get a unit with a decent Bluetooth feature. You can still advance through songs and such on the unit. I also did not find having navigation on the screen was worthwhile. It was easier to use the phone. JT
by bottlecap
Wed Oct 10, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Paul Romer & William Nordhaus share Nobel Prize in Economics
Replies: 16
Views: 1504

Re: Paul Romer & William Nordhaus share Nobel Prize in Economics

Paul Romer blog post on economic growth. People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow. As a result, we often lose sight of how important even small changes in the average rate o...
by bottlecap
Wed Oct 10, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Kirkland (Costco) Razor
Replies: 31
Views: 3095

Re: Kirkland (Costco) Razor

Have you tried using a double edge safety razor? Razors are cheap :) No thanks. I used those cheap double-edged safety razors before discovering the Mach 3. It's not just that the Mach 3 has 3 blades, but the way it's spring-loaded cartridge functions. Try it out and you probably won't go back. If ...
by bottlecap
Tue Oct 09, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3772

Re: A Roadmap For The Upcoming US Treasury Bull Market

Ah, to be so young and so certain again....

I miss those days!

JT
by bottlecap
Mon Oct 08, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4247

Re: New Car: No Collision/Comprehensive?

We had someone side swipe our parked vehicle when they backed out of a parking lot. And drove off. $3,000 worth of damage. 3 weeks in the shop. Insurance paid for the damage and the 3 week rental under collision. I don't know whether it makes mathematical sense, but insurance sure made my life a lit...
by bottlecap
Mon Oct 08, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 191
Views: 11023

Re: Talk me out of buying a Tesla Model 3

I disagree that it's so clear cut you can afford a $75k vehicle. One market downturn and all your nice looking figures are gone. You could be close to 50, have a $350k paid off house, a sub $600k retirement fund, and no job. Then that $75k car is going to feel like a bad decision. At least that's w...
by bottlecap
Mon Oct 08, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Tesla Model 3
Replies: 191
Views: 11023

Re: Talk me out of buying a Tesla Model 3

I disagree that it's so clear cut you can afford a $75k vehicle. One market downturn and all your nice looking figures are gone. You could be close to 50, have a $350k paid off house, a sub $600k retirement fund, and no job. Then that $75k car is going to feel like a bad decision. At least that's wh...
by bottlecap
Sat Oct 06, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pretty big pay cut to become a diplomat?
Replies: 32
Views: 3719

Re: Should I take a pretty big pay cut to become a diplomat?

I do not believe that becoming a diplomat is or should be a financial decision. It is a completely different life for both you and your family, immediate and extended. Either you really want it or you don't. Money should little to do with this decision. Since the money is an issue for you, I would ...
by bottlecap
Fri Oct 05, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4933

Re: Need Health Insurance (Non-ACA Options)

madbrain wrote:
Thu Oct 04, 2018 11:31 pm
bottlecap wrote:
Thu Oct 04, 2018 9:19 pm
Not like moving to Tennessee would.
Yeah ? Why don't you post the costs for the bronze plans in TN ?
Oh, they are similar to the OP, as I've indicated.

But you did not read my posts. And you are not familiar with the market in Tennessee. I’m not talking about ACA plans.

JT
by bottlecap
Thu Oct 04, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4933

Re: Need Health Insurance (Non-ACA Options)

I recommend getting an HDHP+HSA plan. Use the money you saved on premiums to put towards the deductible and HSA. You will find that the prices the OP is quoting are HDHPs. At leas they are in my area. JT Just checked coveredca.org in California in my zip code for family of 4 with OP family's ages, ...
by bottlecap
Thu Oct 04, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4933

Re: Need Health Insurance (Non-ACA Options)

alter wrote:
Thu Oct 04, 2018 3:15 pm
I recommend getting an HDHP+HSA plan. Use the money you saved on premiums to put towards the deductible and HSA.
You will find that the prices the OP is quoting are HDHPs. At leas they are in my area.

JT
by bottlecap
Thu Oct 04, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 4810

Re: Flattening yield curve

It's coming at the end of 2019. You heard it here first.

JT
by bottlecap
Thu Oct 04, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4933

Re: Need Health Insurance (Non-ACA Options)

Health insurance costs have become outrageous, and the cost hits especially hard for the self-employed and small businesses. It is largely controlled by government regulation now. Let your representatives know you are unhappy with the current course, directly and indirectly. In the meantime, short t...
by bottlecap
Thu Oct 04, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Case for buying individual Stocks as 10% of portfolio
Replies: 43
Views: 3181

Re: Case for buying individual Stocks as 10% of portfolio

Isn't it a good idea to invest 10-15% of portfolio in well known, famous unicorn companies that are pretty commonly known? Now obviously market timing and stock selection does not work. However... These two statements are not compatible. If you believe stock selection doesn't work, you have your an...
by bottlecap
Thu Oct 04, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Need help starting out
Replies: 6
Views: 616

Re: Need help starting out

Welcome. You've come to the right place. Most of use don’t know the ticker symbols, however, so you should revise your post with the full names of the funds. I did look them up. A typical three fund portfolio is Vanguard Total Stock Market, Vanguard Total International Stock Market, and Vanguard Tot...
by bottlecap
Thu Oct 04, 2018 6:07 am
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 3936

Re: Black suit with dark brown shoes?

I would not wear brown shoes and a brown belt with a black suit.

JT
by bottlecap
Wed Oct 03, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6235

Re: Is this ignorance or intentionally misleading?

He's ignoring facts that are obvious.

But who cares? It’s your decision when to retire. Don’t listen to anyone else.

Nothing is guaranteed in life. Especially retirement.

JT
by bottlecap
Wed Oct 03, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11757

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

"2 days after closing". You win. Unless they can show you knew there was an issue before closing.

And obviously, your state law matters, but this is just tough luck on their part. They can either buy new or get a home warranty. They did not.

JT
by bottlecap
Wed Oct 03, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2532

Re: Did Jeff Bezos just pull a Henry Ford?

Ding, ding, ding, we have a winner. Long term, this is bad for low income people. It drives out competition that can't absorb the increased labor cost as readily as Amazon, increases the cost of doing business, and increases the ROI of automation and of outsourcing to other countries. Net effect - ...
by bottlecap
Wed Oct 03, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2532

Re: Did Jeff Bezos just pull a Henry Ford?

Amazon will not benefit unless it is successful in establishing a federal minimum wage that competitors and mom and pop stores can't compete with. That's the crazy like a fox part. Walmart supports higher minimum wages, too. It drives out competitors who can't compete. The idea that simply raising w...
by bottlecap
Wed Oct 03, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5550

Re: Is an emergency fund just about market timing?

The conclusion is that actually the emergency fund's point is not what you said. It's not here to avoid selling when the market goes down. It's to avoid selling altogether when you need to spend money on something that you did not expect. Regardless of the market level. I trimmed to narrow it down ...
by bottlecap
Wed Oct 03, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: social considerations with gaming credit cards
Replies: 21
Views: 2509

Re: social considerations with gaming credit cards

Do you have evidence that AMTRAK was forced into this deal unwillingly? If not, why do you care? Businesses do things because they think it will benefit them. There is no reason to be concerned if it does or not. In this deal, it seems like you are also the one paying - exchanging your precious time...
by bottlecap
Wed Oct 03, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8970

Re: My biggest mistake - market timing

Well, if market had tanked 40% in 2017 or after your withdrawal, wouldn't you be glad? No one has Crystal ball so you did what's best for you under those circumstance. Well said - your post offers an excellent perspective for all of us! This is not true. Just because somebody does something doesn't...
by bottlecap
Wed Oct 03, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4206

Re: My bank and absurd policy for "no fee"

Somehow we all got into this idea that banking show be free. Then when the bank sets guidelines as to how much money you need to keep in an account to avoid charges (and so that they don’t lose money providing you an account), we then deem it "stupid." Any other business that had a product that was...
by bottlecap
Wed Oct 03, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4206

Re: My bank and absurd policy for "no fee"

Somehow we all got into this idea that banking show be free. Then when the bank sets guidelines as to how much money you need to keep in an account to avoid charges (and so that they don’t lose money providing you an account), we then deem it "stupid." Any other business that had a product that was ...
by bottlecap
Tue Oct 02, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5550

Re: Is an emergency fund just about market timing?

Market timing is moving money in and out of the market based on your guess as to whether the market is heading up or down. Having an emergency fund is knowing that occasionally the market goes down - way down for periods of years - and also knowing that you need to eat while it does. Please explain ...
by bottlecap
Tue Oct 02, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4206

Re: My bank and absurd policy for "no fee"

Apparently drawing seniors' business to the bank isn't as profitable as they initially thought. Such policies are pretty standard.

You can't really expect them to apply the rules to everyone else but you, can you?

Find a better deal, I guess.

Good luck,

JT
by bottlecap
Tue Oct 02, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying a bigger home
Replies: 7
Views: 1125

Re: Buying a bigger home

I think you're right. Extra principal payments is the winner, hands down.

Good luck,

JT
by bottlecap
Sun Sep 30, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Hit by uninsured motorist - what next?
Replies: 4
Views: 1268

Re: Hit by uninsured motorist - what next?

Just make your uninsured claim.

You can try for diminished value, but don't hold your breath.

JT
by bottlecap
Sat Sep 29, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6112

Re: Economic reasons for rate increase by the Fed?

The short answer is because politicians, the Fed, and many economists believe that they can successfully reguate the economy through such measures and eliminate (or "smooth out") booms and busts. It just doesn't work well in practice. JT Others have different opinions and conclusions. Of course the...
by bottlecap
Sat Sep 29, 2018 7:33 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14456

Re: Sears, a 125 year old company is now a penny stock.

I don’t think it’s sad. It’s normal. In, fact, it's great.

Sears is just the name of a company that provides goods. If they don’t do it well they go out of business and are replaced by another company with another name.

And consumers are better off.

JT
by bottlecap
Thu Sep 27, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10643

Re: SEC charges Musk with Fraud!!!

Sometimes childish stunts violate federal law.

Hopefully this instills some maturity.

JT
by bottlecap
Thu Sep 27, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6727

Re: New Relationship - Best way to handle finances?

I hestated to post earlier. But new girlfriend, both have kids, and moving in sounds like a really bad idea. I would slow down, not have her move in at all, and decide down the road if you are compatible, financial or otherwise. Then have the money talk. Then perhaps a marriage/commitment talk. What...
by bottlecap
Thu Sep 27, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 56
Views: 4822

Re: Should I bother meeting with a Chase Private Client Rep

It's a waste of your time, but feel free to meet with them if you have nothing better to do.

JT