Search found 5450 matches

by bottlecap
Thu Jul 19, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 90
Views: 5846

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

My wife’s father, his siblings, and a few other relatives inherited more than $50,000 a piece of stock in a company from a relative that worked there for 35 years. All told it was nearly $800,000.00. Everyone but his spendthrift sister held onto the stock. One brother bought her out. She almost cert...
by bottlecap
Thu Jul 19, 2018 1:06 am
Forum: Investing - Theory, News & General
Topic: The other side of stock buybacks
Replies: 23
Views: 1750

Re: The other side of stock buybacks

"God forbid you give it back in the form of a dividend," he said. "While it may not be the most tax efficient, at least with dividends you let the shareholder decide what to do with the money." This made me laugh-like the shareholder is somehow prevented from selling shares to achieve the same goal...
by bottlecap
Thu Jul 19, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private high school?
Replies: 20
Views: 1396

Re: Can I afford private high school?

It seems like you can do it as long as you have a trust fund to use for school and/or fall back on when you retire. Given your incomes for the past twenty years, the amount saved, your location, and the amount of your fixed expenses, I’m guessing that it would be very difficult to live on less than ...
by bottlecap
Thu Jul 19, 2018 12:33 am
Forum: Personal Consumer Issues
Topic: suit shoe combo?
Replies: 44
Views: 2204

Re: suit shoe combo?

I'm a fan of the sneaker and suit look, but it's hard to pull off with shoes like that (as nice as they are!). Converse or Adidas would be great, if you already own them. Check out these looks: https://www.dmarge.com/2018/04/sneakers-suit.html#gsi3 And note...not many of them are wearing ties, and ...
by bottlecap
Wed Jul 18, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: The joys of investing
Replies: 20
Views: 2072

Re: The joys of investing

Interesting question. I guess I don’t anymore. Investing is not joyful or painful. I hope retirement will be joyful, though.

JT
by bottlecap
Wed Jul 18, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 73
Views: 4667

Re: Invest in Tesla?

It’s as good - or as bad - take your pick - a time as any to invest in Tesla.

JT
by bottlecap
Tue Jul 17, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Which minivan?
Replies: 56
Views: 5267

Re: Which minivan?

Odyssey is the standard.

Stow and go is nice if you don't use child car seats and want to use your $35k+ minivan as a pickup truck. And you can afford the time and money associated with the repairs that come due on a Chrysler.

JT
by bottlecap
Tue Jul 17, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: suit shoe combo?
Replies: 44
Views: 2204

Re: suit shoe combo?

I think unless you are sure that you are the rare individual that could pull that look off, it will just look goofy. This is okay if a) you're 19 or b) everyone knows you intend to be goofy. What I think doesn't matter, however. What would the couple think? That's what's important. If they wouldn't ...
by bottlecap
Tue Jul 17, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 77
Views: 5225

Re: Tell me what's wrong with my strategy

6-12 months worth of expenses in an emergency fund. Pick an Asset Allocation using two or three funds (Total Stock Market Index, Total Bond Market Index, perhaps some in Total International Stock Market Index). For someone who is 45, something like 50/20/30 TSM,TISM,TBM. Then rebalance once a year,...
by bottlecap
Tue Jul 17, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Recourse for Unhonored Warranty on Labor
Replies: 5
Views: 461

Re: Recourse for Unhonored Warranty on Labor

Sounds like a manufacturer problem. I’d call them first.

JT
by bottlecap
Tue Jul 17, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2629

Re: Would you pay $120 for a 5 year dishwasher warranty?

Another no. They don’t sell these to lose money. It’s a losing bet on an appliance that you can afford to fix yourself if anything goes wrong. Why make it? It’s anecdotal, but I’ve had a fairly good sample size and never seen anything go wrong with a dishwasher until maybe year 8, and that was only ...
by bottlecap
Mon Jul 16, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 174
Views: 11149

Re: Why is leveraging property good but leveraging stocks bad?

Answer:

It’s not, but few people can buy a house without financing. You can invest small amounts regularly without financing.

JT
by bottlecap
Mon Jul 16, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 77
Views: 5225

Re: Tell me what's wrong with my strategy

I've been hyper focused on paying off the mtgs and maximizing revenue and have been paying 0% attention to putting my cash to work for the last 15 years, which is why I have a bunch of CD's and money market accounts. Currently, with less to do, I am eager to get my hard earned cash working for me i...
by bottlecap
Mon Jul 16, 2018 6:37 am
Forum: Personal Consumer Issues
Topic: Did I get ripoff by this car mechanic?
Replies: 37
Views: 3631

Re: Did I get ripoff by this car mechanic?

It looks like $1,000 parts and labor for the intake manifold gasket replacement. That's a bit expensive, but not crazy. The remaining $400+ looks to be for other stuff. Assuming it needed doing, I don’t think you got ripped off. In my area, however, that's more like dealership pricing than independe...
by bottlecap
Sat Jul 14, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Be Careful Using Mailboxes
Replies: 58
Views: 7327

Re: Be Careful Using Mailboxes

Well, this certainly gives me something to look forward to in 20 years...

JT
by bottlecap
Fri Jul 13, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 77
Views: 5225

Re: Tell me what's wrong with my strategy

No advantage whatsoever. You are just trying to pick the stocks in the index that have done well lately and overweight them.

If this worked most of the time, wouldn’t it be a part of the investing manual?

You have a good income. Don’t get fancy and screw things up.

JT
by bottlecap
Fri Jul 13, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Do insurance agents add value? How?
Replies: 24
Views: 1457

Re: Do insurance agents add value? How?

This ones on you, although I am surprised the insurance company didn’t send a letter notifying of the impending cancellation. I have never met with my agent and wouldn’t expect to. I call him and tell him my needs and his office sends me the information and pricing. The policy, and all billing, is d...
by bottlecap
Thu Jul 12, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2330

Re: Health Insurance for Couple Early Retirement

Have your brother contact a health insurance broker. Over the last few years health care insurance has become wildly expensive despite inflated deductibles and it has become impossibly complex. That’s why I would go to a broker in his situation. The bottom line is too retire early - before something...
by bottlecap
Thu Jul 12, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 6540

Re: Costco Membership

I don’t know. Why not try it?

Costco isn’t just for people who buy in bulk, you know.

JT
by bottlecap
Wed Jul 11, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: A Great Investor has only one word of advice
Replies: 7
Views: 1276

Re: A Great Investor has only one word of advice

At first blush, I tend to agree.

It contains an interesting, but obvious, point about Buffett that many ignore, too.

JT
by bottlecap
Wed Jul 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2079

Re: Neighbor’s Contractor Damaged Adjoining Property

And I don't know why non-lawyers are so quick to chime in with their thoughts / suggestions. Law isn't just for lawyers, it is for everyone. Some small claims courts don't even allow lawyers to represent clients in court. There is a difference between “the law”, which is for everyone, and giving le...
by bottlecap
Wed Jul 11, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2079

Re: Neighbor’s Contractor Damaged Adjoining Property

Here’s my nonlegal advice. Make both the neighbor and the contractor aware. Tell neighbor you are trying to resolve through the contractor. Neighbor may even help. If contractor doesn’t make it right, then go to the neighbor for redress. Your friend has no relationship to keep with the contractor, b...
by bottlecap
Wed Jul 11, 2018 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4526

Re: Target date funds....unsophisticated?

Target date funds, really? Yup. Really. You’re missing the fact that most people that have lives to live will not rebalance regularly and, for fear of market conditions, may even hesitate to rebalance. Reality trumps theory. It is well worth a few extra basis points in a tax advantaged account to t...
by bottlecap
Tue Jul 10, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: Market Timing - A fool's game?
Replies: 28
Views: 2148

Re: Market Timing - A fool's game?

Yes. Of course it’s a fool's game. Everyone is capable of being a fool in this game. So don’t play it.

JT
by bottlecap
Tue Jul 10, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4526

Re: Target date funds....unsophisticated?

A target retirement fund is one of the best options around.

We all think we can do better. Few do. And they are the lucky ones, not the smart ones.

Stay unsophisticated, my friend.

JT
by bottlecap
Tue Jul 10, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4323

Re: Which advanced tech is necessary in cars?

Blind spot monitoring is nice. ABS is standard now. I presume ESC is as well. Unless you are buying used, of course. Automatic braking to avoid collisions is also nice as a failsafe, although in the short amount of time I’ve driven with it, it started to brake on a narrow winding road because of onc...
by bottlecap
Sun Jul 08, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: What methods are you using to deterimine price to offer on new cars
Replies: 15
Views: 1351

Re: What methods are you using to deterimine price to offer on new cars

Email does work really well. Don’t give them your phone number until you’ve got a price you like. Ask for out the door prices. You can get a good feel for what they will sell it for once you get 5or 6 responses. Some dealers will be way off, but a few will give you close to their lowest price. I thi...
by bottlecap
Sun Jul 08, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Used Honda - How to confirm it was serviced on time?
Replies: 18
Views: 1197

Re: Used Honda - How to confirm it was serviced on time?

Honda no longer publishes a maintenance schedule in the manual. The work is based on the maintenance minder. However, if you search Honda forums or dealerships on the internet, they will give you a rough idea of when the maintence codes should appear. Oil, for instance, is about 7,500 miles, accordi...
by bottlecap
Sat Jul 07, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Professional Crossroads - need advice
Replies: 9
Views: 1269

Re: Professional Crossroads - need advice

Impossible for any of us to say because we can’t properly evaluate the opportunity.

But you are basically more than set as it is. Of course, your present work may not be as stable as you think, but if it is, you have a lot to potentially lose.

Good luck,

JT
by bottlecap
Sat Jul 07, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5618

Re: Girls and investing

My oldest is 7. I don’t think I’m going to teach her about investing. Stuff like saving is more digestible and important at this point. I also have a boy child. I don’t think that the yardstick will be different for him. I suspect that every child is different regardless of sex and I suspect that I ...
by bottlecap
Sat Jul 07, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?
Replies: 95
Views: 5363

Re: Honda Accord Maintenance at 3 Years - Am I Getting Hosed?

I’m a little late, but the tire rotation is a good deal. The manual may say that your brake fluid needs to be changed based on time, but if it’s "dirty" you may have a problem. I doubt it’s dirty. I think you are getting taken advantage of on some of this stuff, but it could be worse. Don’t take it ...
by bottlecap
Fri Jul 06, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 51
Views: 3996

Re: Thoughts on Healthcare Sharing?

What business is it of yours or mine why someone would choose employer funded insurance, open market insurance, ACA subsidized insurance, healthcare sharing or nothing at all. If you are truly interested in understand the underlying issues, you might start with these Wikipedia articles: https://en....
by bottlecap
Fri Jul 06, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 51
Views: 3996

Re: Thoughts on Healthcare Sharing?

At least give any example of where it left someone high and dry. JT I googled it. My first hit gave seven. "There were dozens of reader comments left on the bottom of Parnell’s blog post, including six by people who said they were Medical Cost Sharing members and had nonpayment complaints similar t...
by bottlecap
Fri Jul 06, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 1828

Re: Active Management Justification

Nate79 wrote:
Fri Jul 06, 2018 10:06 am
bottlecap wrote:
Fri Jul 06, 2018 9:46 am
I’d fire my broker.

You can always find a chart or fund that looks better than an index.

The thing is, you can only find it for sure in hindsight.

JT
So everyone should fire Vanguard for their research?
Sure.
by bottlecap
Fri Jul 06, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 3716

Re: 10 years to lose wealth applicable to bogleheads ?

You use the terms income with wealth interchangeably, so it’s hard to comment.

But in general, those in the different quartile a of income do fluctuate over the decades.

JT
by bottlecap
Fri Jul 06, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 1828

Re: Active Management Justification

I’d fire my broker.

You can always find a chart or fund that looks better than an index.

The thing is, you can only find it for sure in hindsight.

JT
by bottlecap
Fri Jul 06, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Repair car, new or rent for cross country trip
Replies: 13
Views: 678

Re: Repair car, new or rent for cross country trip

Take it to someone who is not a dealer. Seems strange that 3 of 4 rims have been bent since your last tire rotation.

JT
by bottlecap
Thu Jul 05, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6583

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

I invest like I do after thorough research into the subject, not on the advice of any one individual. And I certainly do not justify my conclusions with snippets from experts repeated without context. Even if it is Jack Bogle. If Jack Bogle ever truly decides to play valuations, it won’t make my con...
by bottlecap
Tue Jul 03, 2018 6:54 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3393

Re: Advocating to not index

Shouldn’t we not advocate for indexing too much due to the efficiency non-indexers bring to the market? Essentially I am benefiting from others paying brokerage fees to make the index market more efficient for me. If too many people index then the market becomes inefficient. This is posted about fr...
by bottlecap
Tue Jul 03, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4582

Re: Why would creating an intelligent S&P 475 be so difficult to do?

But why can’t those same bright ones at least identify 25 dogs out of 500 large companies? Or 20? Or even 10? What exactly makes something like that so very difficult to accomplish? Well, because you have to intimately know the industry each company is in. You have to know what management of the co...
by bottlecap
Tue Jul 03, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Repair Vehicle or Move On?
Replies: 22
Views: 1497

Re: Repair Vehicle or Move On?

If you are only planning on keeping it a few more years, I probably wouldn't sink $5k in it. I'd take the $2,500. Your mechanic will make some money on it, but if you can't do the work yourself, thems the breaks. I suppose you could pay the $5k, drive it for two years, and sell it for $5k, though. S...
by bottlecap
Tue Jul 03, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 94
Views: 6113

Re: Do We need health insurance??

I don't reflexively say that you need health insurance like some folks. But you do have a lot to lose in your case. Plus, you have so much in assets, even paying $2,500 per month isn't going to crimp your style, even though it makes you wince. I would look into a catastrophic plan to the extent that...
by bottlecap
Tue Jul 03, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Acura MDX compressor gone kaput
Replies: 5
Views: 476

Re: Acura MDX compressor gone kaput

I'd just get it fixed unless it would crush you financially. That way you have air now and should you want to sell it, someone might want to buy it.

JT
by bottlecap
Sun Jul 01, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How to document a verbal conversation for future legal reasons.
Replies: 21
Views: 2957

Re: How to document a verbal conversation for future legal reasons.

Record it if it’s legal where you live. That’s about the only way to "document" it without committing it to writing in some form.

JT
by bottlecap
Sat Jun 30, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10362

Re: Lost out on promotion

Boss: Sorry about not getting the promotion. I felt like I need to see more initiative out of you before that happens. You: Thanks for letting me know. I took the initiative on x, y, z things so far, but I’m always looking to improve. Are there any things you think I can start doing right now to tak...
by bottlecap
Fri Jun 29, 2018 6:13 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 57
Views: 5708

Re: Dave Ramsey against index funds?

He’s wrong. His preferred endorsed providers don’t sell index funds, so he doesn’t beleive in them. I’m not a Dave Ramsey hater, but he's smart enough to figure this out. Therefore I have to conclude that he knows which side his bread is buttered and he will never advocate index funds because he rea...
by bottlecap
Wed Jun 27, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6221

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

Unless you need a bigger truck for hauling stuff, the Ridgeline sounds like a win. I imagine it gets better mileage and it’s easier to drive.

Chevy and even Ford can’t beat Honda reliability, either.

JT
by bottlecap
Wed Jun 27, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4582

Re: Is there a way to avoid bad companies in S&P 500?

Is there a way to identify the “bad” companies in the S&P 500 ahead of time?

GE was one of those bad companies. I guess it should never have been a part of the index.

JT