Search found 5281 matches

by bottlecap
Sun Apr 22, 2018 7:36 am
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 96
Views: 4131

Re: Boglehead Philosophy Open To Change?

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
by bottlecap
Fri Apr 20, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 79
Views: 3722

Re: Do you buy new or used cars?

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...
by bottlecap
Thu Apr 19, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3381

Re: Good Dad, Bad Dad [pay for son's driving expenses (or not)]

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...
by bottlecap
Thu Apr 19, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4042

Re: Another discussion about private vs public schools?

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
by bottlecap
Thu Apr 19, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 40
Views: 3152

Re: Total Cost of Car Ownership over 10 years

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
by bottlecap
Wed Apr 18, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: The World in 2050 — An Emergent Middle Class
Replies: 35
Views: 3826

Re: The World in 2050 — An Emergent Middle Class

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
by bottlecap
Wed Apr 18, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 3071

Re: Broke up with my girlfriend for financial reasons: crazy?

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...
by bottlecap
Wed Apr 18, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: An example to why it is bad to listen to financial porn!
Replies: 2
Views: 912

Re: An example to why it is bad to listen to financial porn!

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
by bottlecap
Wed Apr 18, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 3071

Re: Broke up with my girlfriend for financial reasons: crazy?

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...
by bottlecap
Mon Apr 16, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Having Child; Car Purchase maybe?
Replies: 40
Views: 1732

Re: Having Child; Car Purchase maybe?

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=...
by bottlecap
Mon Apr 16, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Having Child; Car Purchase maybe?
Replies: 40
Views: 1732

Re: Having Child; Car Purchase maybe?

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=...
by bottlecap
Mon Apr 16, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Having Child; Car Purchase maybe?
Replies: 40
Views: 1732

Re: Having Child; Car Purchase maybe?

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...
by bottlecap
Mon Apr 16, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with Personal Investments, thanks for LOOKING!
Replies: 11
Views: 1342

Re: Help with Personal Investments, thanks for LOOKING!

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
by bottlecap
Thu Apr 12, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12291

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

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...
by bottlecap
Thu Apr 12, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: Best Buy, $3k TV, should I buy warranty?
Replies: 24
Views: 1513

Re: Best Buy, $3k TV, should I buy warranty?

It’s a money maker for Bestbuy.

That should tell you everything you need to know.

JT
by bottlecap
Wed Apr 11, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 3939

Re: Am I being unreasonable?

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 ...
by bottlecap
Mon Apr 09, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 8613

Re: Regrets of the frugal and dying?

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...
by bottlecap
Sun Apr 08, 2018 8:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 70
Views: 8620

Re: Too much Bogleheads.org?

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

JT
by bottlecap
Sun Apr 08, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 56
Views: 4355

Re: Structuring Newlywed Finances for Fairness and Less Arguments

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 ...
by bottlecap
Sat Apr 07, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 12406

Re: Ivy school education. Is it worth it?

it depends on the kid.

JT
by bottlecap
Sat Apr 07, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: WSJ article on Vanguard snafoos - Should Bogleheads.org get involved?
Replies: 23
Views: 3076

Re: WSJ article on Vanguard snafoos - Should Boglehead.org get involved?

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

JT
by bottlecap
Sat Apr 07, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital's "Complimentary Portfolio Review" - Thoughts?
Replies: 17
Views: 696

Re: Personal Capital's "Complimentary Portfolio Review" - Thoughts?

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...
by bottlecap
Sat Apr 07, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: How often do you replace your office shoes?
Replies: 58
Views: 3456

Re: How often do you replace your office shoes?

Is an "office shoe" a dress shoe?

JT
by bottlecap
Sat Apr 07, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Car sideview mirror
Replies: 25
Views: 1171

Re: Car sideview mirror

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
by bottlecap
Fri Apr 06, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 4468

Re: What is Megacorp?

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

Proceed accordingly.

JT
by bottlecap
Fri Apr 06, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: How does one adjust salaries to account for housing costs when considering a move?
Replies: 24
Views: 1402

Re: How does one adjust salaries to account for housing costs when considering a move?

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
by bottlecap
Fri Apr 06, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: VW Atlas
Replies: 46
Views: 3082

Re: VW Atlas

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
by bottlecap
Fri Apr 06, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 3736

Re: $30M Umbrella Insurance?

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
by bottlecap
Thu Apr 05, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 59
Views: 4390

Re: Tequila and Magaritas

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
by bottlecap
Wed Apr 04, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5380

Re: 2018 Camry. What's wrong with me?

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...
by bottlecap
Wed Apr 04, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5380

Re: 2018 Camry. What's wrong with me?

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...
by bottlecap
Wed Apr 04, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Should I get a loan for a motorcycle?
Replies: 24
Views: 1736

Re: Should I get a loan for a motorcycle?

Not smart.

If you must buy one, pay cash.

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

JT
by bottlecap
Wed Apr 04, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5380

Re: 2018 Camry. What's wrong with me?

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
by bottlecap
Wed Apr 04, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10380

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

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...
by bottlecap
Mon Apr 02, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Freelancing Physician Spouses, Will Sharing One LLC Risk Asset Protection? Florida
Replies: 11
Views: 912

Re: Freelancing Physician Spouses, Will Sharing One LLC Risk Asset Protection? Florida

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...
by bottlecap
Mon Apr 02, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance, why long terms?
Replies: 27
Views: 2006

Re: Life Insurance, why long terms?

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

Good luck,

JT
by bottlecap
Sat Mar 31, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another “can I/should I buy this home” thread
Replies: 7
Views: 852

Re: Another “can I/should I buy this home” thread

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
by bottlecap
Sat Mar 31, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4062

Re: Tired of gas grills rusting out...

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...
by bottlecap
Fri Mar 30, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Learning about investment as a child
Replies: 7
Views: 654

Re: Learning about investment as a child

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
by bottlecap
Fri Mar 30, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4049

Re: When did you know your kids would go to college?

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...
by bottlecap
Fri Mar 30, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4049

Re: When did you know your kids would go to college?

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
by bottlecap
Fri Mar 30, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Living Expense Caught Up To Income
Replies: 48
Views: 6960

Re: Living Expense Caught Up To Income

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...
by bottlecap
Fri Mar 30, 2018 6:18 am
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8932

Re: What is the endgame for Millennials?

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 ...
by bottlecap
Thu Mar 29, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 4-in-one
Replies: 9
Views: 1178

Re: Fidelity 4-in-one

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

JT
by bottlecap
Tue Mar 27, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Which of our cars should we use more, old or new?
Replies: 32
Views: 2308

Re: Which of our cars should we use more, old or new?

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

Good luck,

JT
by bottlecap
Tue Mar 27, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6446

Re: Grass is always greener, federal edition

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 ...
by bottlecap
Mon Mar 26, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3240

Re: New car?

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 ...
by bottlecap
Sat Mar 24, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting principal with no risk: seeking validation Im not crazy or stupid
Replies: 31
Views: 3547

Re: Protecting principal with no risk: seeking validation Im not crazy or stupid

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
by bottlecap
Sat Mar 24, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed before I go mad :D
Replies: 53
Views: 5236

Re: Help needed before I go mad :D

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
by bottlecap
Sat Mar 24, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8129

Re: "I won the Lottery" update -

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

Congrats!

JT