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
Search found 5281 matches
- Sun Apr 22, 2018 7:36 am
- Forum: Investing - Theory, News & General
- Topic: Boglehead Philosophy Open To Change?
- Replies: 96
- Views: 4131
- 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...
- 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...
- 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
There are lots of southern children from public schools that grow up to get at least PhD's.
JT
- 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
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
- 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
But I hope that growth occurs nonetheless.
JT
- 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...
- 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
JT
- 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...
- 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=...
- 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=...
- 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...
- 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
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
- 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...
- 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
That should tell you everything you need to know.
JT
- 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 ...
- 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...
- 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
JT
- 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 ...
- 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
JT
- 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
JT
- 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...
- 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
JT
- 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
No chance you can order one online and put it on yourself?
JT
- 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
Proceed accordingly.
JT
- 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
JT
- 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
If you don’t, then reliability is not as much of a concern.
JT
- 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
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
- 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
If you want to drink it neat like whiskey, then you have to higher end. Much higher end.
Have a great summer!
JT
- 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...
- 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...
- 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
If you must buy one, pay cash.
You could also buy a car and a motorcycle if you buy less car.
JT
- 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
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
- 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...
- 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...
- 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
Good luck,
JT
- 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
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
- 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...
- 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
- 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...
- 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
- 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...
- 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 ...
- 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
JT
- 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
Good luck,
JT
- 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 ...
- 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 ...
- 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
I don’t envy you on deciding your eventual reentry, but I do wish you luck.
JT
- 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
Anything other than one of these funds and you are doing yourself a disservice.
Sleep tight.
JT
- 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
Congrats!
JT