Bogleheads.org

bottlecap

I don't get what the question is. The whole post is a statement.

Which part of the philosophy?

Anything can change. Its just not likely to.

JT

bottlecap

If you can’t afford it, buy your wife a new car. It doesn’t matter if you feel irresponsible. It’s her car! Buying a new car is every bit an emotional decision. People come up with all sorts of “logical” reasons to buy new. They are not really any. People will pay an emotional premium to buy new. De...

bottlecap

The best thing for your son is for you to be the "bad Dad" in this scenario. But that’s easier said than done. Consider this, however: your son does not need a car for graduation. That’s a pretty big graduation gift, even for a stellar student. How about letting him go to college for a semester or t...

bottlecap

I would make plans to eventually get into the better public school district.

There are lots of southern children from public schools that grow up to get at least PhD's.

JT

bottlecap

You insurance looks 2x high, but that’s local to a good extent.

Your tires are likely $300 or more high.

Rotation and Balancing is "free" at Costco. Maybe at discount tire, I dunno.

Maintenance over ten years is hard to guess, I might bump that up $250 or $500.

JT

bottlecap

I think you have put the cart before the horse in stating that an emerging "middle class" portends economic growth.

But I hope that growth occurs nonetheless.

JT

bottlecap

So since this is clearly a relationship question veiled in an attempt by the OP to get us to tell him that he's "right," I think it's probably time for this thread to die. I don't understand this. You give a detailed opinion, including some psychoanalysis, and then say the thread should be locked b...

bottlecap

At least her reasons for doing each are fairly consistent (rates are going to rise, inventory is trending up). I suppose each could be a reason to buy or sell. Especially since you usually buy and sell at the same time.

JT

bottlecap

Opinions here will run the gamut, but most will empathize with you on this forum. Breaking up over a $40 dinner is extreme. Breaking up over the fact that your partner spends far more than he/she earns and doesn't seem to care is reasonable. It took me a long time to find a partner that shared simil...

bottlecap

Spend $50 to $75 on a compact folding stroller: https://www.amazon.com/dp/B00O20OD4S/ref=sxr_zg_dy_1_a_it?pf_rd_m=ATVPDKIKX0DER&pf_rd_p=3525596382&pd_rd_wg=euBhD&pf_rd_r=ZCD5X7PES3SGSYAY5R2Y&pf_rd_s=desktop-rhs-carousels&pf_rd_t=301&pd_rd_i=B00O20OD4S&pd_rd_w=JVu2V&pf_rd_i=compact+stroller&pd_rd_r=...

bottlecap

Spend $50 to $75 on a compact folding stroller: https://www.amazon.com/dp/B00O20OD4S/ref=sxr_zg_dy_1_a_it?pf_rd_m=ATVPDKIKX0DER&pf_rd_p=3525596382&pd_rd_wg=euBhD&pf_rd_r=ZCD5X7PES3SGSYAY5R2Y&pf_rd_s=desktop-rhs-carousels&pf_rd_t=301&pd_rd_i=B00O20OD4S&pd_rd_w=JVu2V&pf_rd_i=compact+stroller&pd_rd_r=...

bottlecap

The Camry for one baby ought to be okay. But keep an eye out for how much more room you might need in the future, especially if you have more. I do disagree with much of the sentiment here, though. More room is nicer and babies do take a lot of gear. We had to take blankets, burp cloths, diapers, di...

bottlecap

Suggestions:

Pick an asset allocation based on your need and ability to take risk.

Then reduce to about 3 or 4 funds based on your asset allocation.

Then come back with questions.

Good luck,

JT

bottlecap

That’s an interesting comment by Mr. Bogle. I’m not sure it’s true, however. It’s funny how two months ago many of us were complaining that the market didn’t have volatility and just kept going up. If it kept going down, we’d be complaining too. And very few are satisfied when the market shows volat...

bottlecap

It’s a money maker for Bestbuy.

That should tell you everything you need to know.

JT

bottlecap

Well, $20,000 is not crazy in the sense that it is what may private schools charge, even in "middle" cost of living areas. You are talking about 10 kid class sizes with a teacher and a teacher's aid, STEM lab, music, etc... The private schools are often a good value, given what public schools spend ...

bottlecap

No, I’ve never heard of anyone regretting on their death bed that they didn’t buy something. If that is one’s regret then either that person is a really great person (as they made sure to take care of the typical regrets) or a terrible person. Most dying people are concerned with dying and what will...

bottlecap

it's normal and it will pass. Might take a few years or until you find something you are really passionate about.

JT

bottlecap

My wife and I combine everything that we make. I probably spend more, butonly because I do more by way of activities. It’s rare when we buy something discretionary for more than $50, but generally tell each other when we are thinking about making such purchases. We never keep score and both pretend ...

bottlecap

it depends on the kid.

JT

bottlecap

No. Let's not be an activist organization. Where would it end?

JT

bottlecap

That's what personal capital tells you if you're a Boglehead. I don't hate their approach, but I don't believe in it, either. It does bother me that they use things like "recent volatility" as a scare tactic. They are pretty good at getting you to question yourself, which is not all bad. But they tr...

bottlecap

Is an "office shoe" a dress shoe?

JT

bottlecap

I'd say at least $300 at a dealer in a large metro area.

No chance you can order one online and put it on yourself?

JT

bottlecap

It’s safe to say that Megacorp is represented by Big Law.

Proceed accordingly.

JT

bottlecap

If things were this confusing and I couldn’t figure it out with addition and subtraction on a basic calculator, I wouldn’t move.

JT

bottlecap

I’ve read great things about the Atlas, but I couldn’t buy a VW because I drive them well past the warranty.

If you don’t, then reliability is not as much of a concern.

JT

bottlecap

Can’t your uncle self-insure past $5 or $10 million?

I think your premise that you have to cover your net worth in all cases is faulty. The chances of having a claim against your uncle for $30 million is slim and presumably he wouldn’t have to live like a pauper on $10 million.

Good luck,

JT

bottlecap

Honestly, for margaritas, Sauza, Margaritaville, or Cuervo will do.

If you want to drink it neat like whiskey, then you have to higher end. Much higher end.

Have a great summer!

JT

bottlecap

None of that involves "driving like a jerk" thank you very much. I have driven from age 16 to 34 this month, including 50-60 autocross races and going to trackdays a few times in different cars. Have had a perfectly clean driving record every single year of that time. Please do not judge what you d...

bottlecap

No vehicle is “fun” unless you drive it like a jerk. Not true. Even in traffic, a responsive, nimble, sporty car with lots of tactile feedback in the controls is a lot more engaging and interesting than a Camry. If you’ve ever read a drivers license handbook carefully, you’d find it is true. Especi...

bottlecap

Not smart.

If you must buy one, pay cash.

You could also buy a car and a motorcycle if you buy less car.

JT

bottlecap

No vehicle is “fun” unless you drive it like a jerk.

That said, I enjoy driving my unsporty 18 year old vehicle like an old lady every day. It runs quite well and I haven’t made payment in 15 years. Something about that just makes me pleased.

JT

bottlecap

I think that's great for them and it's neat that the Bogleheads website helped them achieve their goals. To each their own, however. I used to dream of retirement, but then found a place I actually like to work. It did take many years. Plus, if I didn't have kids and retired early in my mid thirties...

bottlecap

The LLC will likely get sued as well as the physician committing malpractice. And the LLC will be subject to discovery. But as far as liability, will it have any assets? If you are concerned, I would not share an LLC between unrelated practices. Obviously consult an attorney in FL if you still would...

bottlecap

Man, you are a miser if you think that’s expensive for a $3 million policy.

Good luck,

JT

bottlecap

How much down? What will your payment be? What are your other expenses?

Seems like a risk because your salary is highly dependent on the economy. But making $300 or 400k a year should permit your to establish a large emergency fund.

JT

bottlecap

I’ve had my stainless Weber gasser for 7 years. It sees use all year round, at least 3 or 4 times a week. Mostly covered, sometimes not. No rust to speak of. It’s my prized possession. I haven’t had to replace a thing on it. I'll never ever go back to buying lesser grills every 3 years. The new Webe...

bottlecap

Lead by example. Talking about finances is good. They absorb more than you think. Importance of saving should be reinforced. Actual investing isn’t important until 15-18 maybe. I’m playing it by ear and feeling out when things might be appropriate. Each child is going to be different, I think. JT

bottlecap

There's this idea that everyone needs to go to college and that's why there is this student debt bubble with not enough jobs for liberal arts majors from 3rd tier schools. Many kids would be much happier and better off going to trade school. I don’t disagree in general, but I think you wrong if you...

bottlecap

Our assumption is that they are going. They’ve got to convince us otherwise. I can’t imagine that they would not be “college material.” Without the degree, your ceiling, at least as an employee, is limited at most employers. Not always fair, but often the rule. Don’t give up on a child at age 11! JT

bottlecap

I would stop making decisions based on spreadsheets. My feeling is that in your case, they help you justify spending more money. You've spent a lot of money and continue to do so. It’s as simple as stopping. But self-control isn't so simple. Your instructions to ignore the wisdom of a large car paym...

bottlecap

It’s not shock that young people don’t have much saved. It’s also not shocking that they save at a rate similar to the generation that can before then. Attitudes may shift slightly over generations, but people are people. Pensions are not vanishing, either. The number of DB plans available bottomed ...

bottlecap

It’s a great fund if it is appropriate for you risk/AA-wise.

JT

bottlecap

Who cares? Drive whatever car you feel like driving. You didn’t buy them to park them in the driveway.

Good luck,

JT

bottlecap

Honestly, if you have any question, you don't need to ask. You have security, both in terms of job and retirement, with the federal government. In the private sector, you have little to none, outside of what value you can produce - or that your employer thinks you can produce. Especially if you are ...

bottlecap

If you so busy that you'd rather buy a new car, go ahead. Hopefully you'll have time to change the oil on the new one. New cars every 6 months can get expensive! The safety aspect is something only you can discern. It's personal. I will say that I'd be nervous with my wife driving my kids around in ...

bottlecap

I’d say you’re not crazy or stupid. You are typical. That's not a good thing when investing, but you’re in good company.

I don’t envy you on deciding your eventual reentry, but I do wish you luck.

JT

bottlecap

I have a hot tip for you: Vanguard's Target Retirement 2050 fund.

Anything other than one of these funds and you are doing yourself a disservice.

Sleep tight.

JT

bottlecap

Thanks for the update. It sounds like you done good.

Congrats!

JT

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