Search found 786 matches

by sco
Tue Oct 16, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 69
Views: 4533

Re: Is it worth filing FAFSA even if you know you'll get nothing?

Colleges are notoriously bad at information security. But the Government is no gem either.
by sco
Tue Oct 16, 2018 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 69
Views: 4533

Re: Is it worth filing FAFSA even if you know you'll get nothing?

The only drawback I saw was that one college he applied to but didn't attend had their database hacked. Son and parents were sent a letter and free credit reporting. I don't see why colleges need access to the raw data. It wouldn't be so bad if the Education Department held the raw data and just se...
by sco
Tue Oct 16, 2018 12:16 am
Forum: Investing - Help with Personal Investments
Topic: 8-month windfall check-in
Replies: 15
Views: 2506

Re: 8-month windfall check-in

I would ditch the cryptocurrency, I didn't do the math but I expect it is 5% or below your total. Keep it, if this is your "gambling money" and you are OK losing it all. Otherwise there are better uses for it. I would also make sure that all tax advantage accounts are maxed, this year and every othe...
by sco
Mon Oct 15, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 69
Views: 4533

Re: Is it worth filing FAFSA even if you know you'll get nothing?

The only drawback I saw was that one college he applied to but didn't attend had their database hacked. Son and parents were sent a letter and free credit reporting. I don't see why colleges need access to the raw data. It wouldn't be so bad if the Education Department held the raw data and just se...
by sco
Sat Oct 13, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 37
Views: 2495

Re: College loan advice?

Everything I’ve seen says
5500 freshman
6500 sophomore
7500 junior and senior

Assuming they aren’t independent or something
by sco
Fri Oct 12, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 37
Views: 2495

Re: College loan advice?

Agree with above observations that students can only get federal loans (5500/5500/6500/7500) without co-signers. Unless there is demonstrated family financial need and Perkins loans become an option, but OP indicates that is not the case here. Probably having students take out a loan or not makes m...
by sco
Fri Oct 12, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: Put Options
Replies: 37
Views: 2141

Re: Put Options

If its under 1% of your portfolio, why bother? Is this for educational value?
by sco
Thu Oct 11, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 37
Views: 2495

Re: College loan advice?

If there is a concern about cashflow, I see no problem having the student take out their own 5500/6500/7500 loans. If the parents then find out that they can pull it together adequately, nothing keeps them from paying the loan off. Do you lose a little in the 1% origination and possibly some intere...
by sco
Thu Oct 11, 2018 11:52 pm
Forum: Personal Consumer Issues
Topic: No Touch ID on Vanguard's mobile app for Android
Replies: 11
Views: 956

Re: No Touch ID on Vanguard's mobile app for Android

Their IT is pretty limited, that is really all it amounts to. They did two factor because someone decided that was important. Other things went to the back of the list.

2 factor is a pain, I agree. But after implemented most of the pain is on the user side.
by sco
Thu Oct 11, 2018 12:07 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7359
Views: 1545053

Re: U.S. stocks in freefall

mikeyzito22 wrote:
Wed Oct 10, 2018 11:35 pm
peterinjapan wrote:
Wed Oct 10, 2018 9:18 pm
Aaaand two years of profits from DAL wiped out.

Damn it.
DAL 39.00 a share Oct 2016
DAL 52.70 a share Oct 2018
I'm a missing something?
Yep, that's the share price. You've had the dividend since then too :sharebeer
by sco
Wed Oct 10, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5352

Re: This Time is Different

Ron Scott wrote:
Wed Oct 10, 2018 9:13 am
...from the Reinhart/Rogoff book, take-aways:

• To avoid future bubbles, bankers and economists should use an early-warning
system and a stricter regulatory scheme.


What do you think?
When has this not just caused another issue, most of the time worst than the first?
by sco
Wed Oct 10, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 37
Views: 2495

Re: College loan advice?

If there is a concern about cashflow, I see no problem having the student take out their own 5500/6500/7500 loans. If the parents then find out that they can pull it together adequately, nothing keeps them from paying the loan off. Do you lose a little in the 1% origination and possibly some interes...
by sco
Wed Oct 10, 2018 12:23 am
Forum: Personal Consumer Issues
Topic: No Touch ID on Vanguard's mobile app for Android
Replies: 11
Views: 956

Re: No Touch ID on Vanguard's mobile app for Android

How about you don't go with Vanguard if new IT features are a priority? Guess who pays for those?
by sco
Tue Oct 09, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 37
Views: 2495

Re: College loan advice?

@stealthrabit: Besides Stafford, what loans can a student get WITHOUT a cosigner in any state? I ask because we have looked at banks, credit unions and a number of student loan providers and found none. Ours used Stafford (which was adequate for their needs) They also had some availability of State...
by sco
Fri Oct 05, 2018 12:48 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 439
Views: 49131

Re: Your USER NAME...what does it mean?

texas lawdog wrote:
Sun Sep 30, 2018 6:47 pm
Not a lawyer or a cop, just a line from one of my favorite movies slightly tweaked from Kansas to Texas...

Curly Bill: Wyatt Earp, huh? I heard of you.
Ike Clanton: Listen, Mr. Kansas Law Dog. Law don't go around here. Savvy?
Wyatt Earp: I'm retired.
That is a solid movie!
by sco
Fri Sep 28, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 22
Views: 1802

Re: Car broker

Just because someone raves and loves it, doesn't mean it was a good deal. It was just a good deal to them, or better than they think they could have done otherwise.

Edward Jones is rated very good by their customers.
by sco
Tue Sep 25, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard "in-kind" transfer
Replies: 7
Views: 914

Re: Question about Vanguard "in-kind" transfer

but I assume it was probably close to the industry average of $1.02%, plus the 12b-1 fees of around 0.25%. Needless to say, I'm very happy with the final outcome! Good for you for getting this done. Lots of people won't ever change anything even after they realize what EJ is charging. And it was li...
by sco
Tue Sep 18, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: CalSTRS Pension - Does refund of contributions make sense?
Replies: 7
Views: 707

Re: CalSTRS Pension - Does refund of contributions make sense?

FoolMeOnce wrote:
Tue Sep 18, 2018 9:18 am
7% real seems optimistic.
I'd Calculate it with 3,5,and 7%, Cross Ref it with dying early, mid and late and see how the numbers look. Go with what you are comfortable with.

You need to think about the underfunded pension, but I am not sure there is a way to calculate that.
by sco
Tue Sep 11, 2018 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2864

Re: Investing in 5G Wireless

OP, one investment approach would be less on the networks and more on the suppliers for 5G equipment: Nokia, Ericsson, Qualcomm. In this T-mobile deal, Nokia gets paid no matter how successful or not 5G is as a broadband utility for T-mo https://finance.yahoo.com/news/nokia-t-mobile-us-agree-130316...
by sco
Tue Sep 11, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 46
Views: 2864

Re: Investing in 5G Wireless

Not only do you have to figure out if the technology is successful, but you have to figure out who the winners and losers are. And cable modem speeds? Not for every individual user at the same time? Similiar claims with 4g. Is it better, sure.. Will apps just get fatter, yes that too. Are you going ...
by sco
Thu Sep 06, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 3 Funds Portfolio for my 401k
Replies: 8
Views: 1088

Re: Fidelity 3 Funds Portfolio for my 401k

Do you have the brokerageLink option?
by sco
Thu Sep 06, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3840

Re: DIY: Three versus One! Are the Advantages Worth it?

This makes sense, we all agree for the most part what Ideal is... But you have to do what works in your situation. I would ask you one thing though, based on your post. Just something to think about. Why aren't you maxing your 401k and just living off of some of the taxable account? Say you need an...
by sco
Wed Sep 05, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3840

Re: DIY: Three versus One! Are the Advantages Worth it?

This makes sense, we all agree for the most part what Ideal is... But you have to do what works in your situation. I would ask you one thing though, based on your post. Just something to think about. Why aren't you maxing your 401k and just living off of some of the taxable account? Say you need ano...
by sco
Wed Sep 05, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Elderly (innocent) relative received this horrible email
Replies: 51
Views: 5921

Re: Elderly (innocent) relative received this horrible email

It is a scam, but if they really have her password then she should change it. This has started to be a fairly common one.
by sco
Wed Sep 05, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3840

Re: DIY: Three versus One! Are the Advantages Worth it?

Ideally your Roth assets would be the higher growth stocks, Since you won’t have to pay taxes on these again. This is due to the fact that you eventually will have to pay taxes on the tax deferred (401k etc) assets. So you put the slower growing stuff there when possible There are of course exceptio...
by sco
Tue Sep 04, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3840

Re: DIY: Three versus One! Are the Advantages Worth it?

If you notice by my reply, I use the 3 fund method because I have no choice.

I may never go for the simpler option, I don't know at this point..
by sco
Tue Sep 04, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: DIY: Three versus One! Are the Advantages Worth it?
Replies: 47
Views: 3840

Re: DIY: Three versus One! Are the Advantages Worth it?

To me it is worth it. The ultimate in simplicity would be one Vanguard account with one fund. However, I am still in the accumulation phase. So between work accounts, HSA accounts, etc I cannot simply consolidate like I would prefer. So until I can, I might as well use the best 1 fund in most accoun...
by sco
Mon Sep 03, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2694

Re: State Farm - Homeowners discount :)

I also think this is actionable. If you want to save money, bundle the insurances. If you do not get a discount, ask for one. This actually made me check my insurance paperwork to make sure that I have such a discount. I used to think that a bundled discount would beat separate underwriters. Howeve...
by sco
Tue Aug 28, 2018 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7069

Re: Game Changing Inheritance of Stocks! Now what?

I'd sell the BRK immediately to minimize taxes on it immediately set all my tax deferred space to max it out this year (and future years) Fund Roths if not already done. Pay of the Mortgage Put the rest in whatever Asset allocation you have previously decided upon, if you haven't already done this t...
by sco
Mon Aug 27, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: The first million is the hardest?
Replies: 46
Views: 9142

Re: The first million is the hardest?

samsoes wrote:
Fri Aug 24, 2018 4:04 pm
I worked with a guy once who said he was working on his second million. He said the first million was too hard, so he gave up on it and decided to work on his second million instead.

Food for thought. :mrgreen:
If I had known grandchildren were so much fun, I would have had them first..
by sco
Sun Aug 26, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Compare investment options
Replies: 8
Views: 856

Re: Compare investment options

What sort of investments are these? Don’t you have to factor in risk?
by sco
Wed Aug 22, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Anybody Investing with 'Betterment'?
Replies: 31
Views: 4299

Re: Anybody Investing with 'Betterment'?

Just sign up for a credit card and get the AA miles, if you haven't several times already. I wouldn't want to unwind what Betterment will do.
by sco
Wed Aug 15, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 67
Views: 6412

Re: Changing Car Cabin Air Filter - after how much time

I live in a high pollen, high use of AC, high bug area. I change mine once every 4 months. It's a 10 minute job on a Tacoma. $10-15 ish for a decent filter, but cheaper is always available. I just set Amazon's Subscribe & Save to deliver one every 4 months and it gets delivered along with whatever ...
by sco
Fri Aug 10, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Front load 401k?
Replies: 23
Views: 2112

Re: Front load 401k?

I don't think you can contribute 100% of your paycheck into your 401k because money has to be withheld for SS & Medicare, income taxes, health insurance, etc. The company I worked for had a maximum 50% for normal 401k contributions & 25% maximum for catch-up contributions. I would think most compan...
by sco
Tue Aug 07, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73535

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

With Free or $5 trades at most brokerages, it would be simple enough to just buy VTI, or ITOT, or one of the others with a proven track record for your taxable account. I assume others would rather make larger less freq purchases in their taxable account, like I would.
by sco
Thu Aug 02, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73535

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

With the recent update to 1.5 Basis points of the other TSM fund, these "Free" funds aren't that exciting. On one had I could save $100-150 per year, on the other hand isn't there always tracking error when a fund starts? This is across many accounts including 401k where I Have Brokeragelink and can...
by sco
Tue Jul 24, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Company Mishandled My RSUs
Replies: 5
Views: 1069

Re: Company Mishandled My RSUs

It isn't awesome, but I wouldn't make my current employer mad over it. If it is a bigger company, this may be less of an issue.
by sco
Mon Jul 23, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up dedicated computer for investment/finance
Replies: 12
Views: 1880

Re: Setting up dedicated computer for investment/finance

Why not just spin up a new virtual from a blank image each time you need to do something? Changes are thrown away each time you reboot.

But yeah, you are always going to be coming from the same IP, unless you get creative.
by sco
Wed Jul 18, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Please help me untangle this mess!
Replies: 17
Views: 2661

Re: Please help me untangle this mess!

I would set the Roth IRA's to just use one fund. TSM or S&P500 which ever you have. YOu can use your 401k for all the bonds as you have done, and her 401k to maintain the amount of international that you prefer. This way you only have 2 accounts to do rebalancing in, at least for now. Personally I w...
by sco
Thu Jul 12, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: $6.55 Northrup Grumman 401k class action settlement
Replies: 34
Views: 6448

Re: $6.55 Northrup Grumman 401k class action settlement

I fill them out, most of the time it is a small check that is a pain. Once it was $2,000 and was over a year after the paperwork was sent in. I forgot about it, and it was a welcome surprise.
by sco
Wed Jul 11, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Tool cabinets?
Replies: 32
Views: 2295

Re: Tool cabinets?

I have the red American general from harbor freight, don’t forget the 20% coupon when you go.
by sco
Tue Jul 10, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Car totaled by uninsured driver
Replies: 37
Views: 3606

Re: Car totaled by uninsured driver

I would put money on there being just as many unlicensed as uninsured drivers around here.. There is probably a significant overlap. Apparently about 13% of all motorists are not insured. https://www.iii.org/fact-statistic/facts-statistics-uninsured-motorists For sure... As Ned Flanders thought, In...
by sco
Tue Jul 10, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Employer match in 401K
Replies: 3
Views: 590

Re: Employer match in 401K

Fidelity changes in my experience are very quick. Of course it has to be a few days before payroll is run (not the pay date. )
by sco
Tue Jul 10, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Car totaled by uninsured driver
Replies: 37
Views: 3606

Re: Car totaled by uninsured driver

Will the police do the work to "discover" that he was uninsured or should I contact them to let them know? I'm out my car and sounds like probably my deductible, but I'm more upset about the guy driving so unsafely though my neighborhood without insurance than anything. I would probably notify the ...
by sco
Tue Jul 10, 2018 12:28 am
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 4421

Re: Monthly Water Usage

Most lawns require water once per week. This is ridiculous. I water every morning, and occasionally again in the evening. Lawn looks fabulous and it's very relaxing to sit and watch/listen. It isn't healthy for the yard though. You should water once a week, or if it is really hot twice a week. But ...
by sco
Tue Jul 10, 2018 12:14 am
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 6220

Re: Going solar?

Its pretty easy to calculate the payback with some assumptions.

When I did it was almost 15 year payback, and I hadn't calculated in any downtime due to maintenance, etc.. So... No thanks...


Your Mileage will vary.
by sco
Mon Jul 09, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 54
Views: 5357

Re: 2016 vs 2018 or 2018 Volt (Model 3?)--compare and help me decide?

Poster wrote:
Wed Jul 04, 2018 11:03 pm
Dude, go for the Model 3.!!! No brainer. It rocks! And save the earth (more).
How does the Model 3 save the earth?
by sco
Sun Jul 08, 2018 11:56 pm
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3175

Re: $50+ gas bill for $4 in gas?

They are very regulated on what they can charge on the actual product.... Thank your local government..
So they make up for it in random fees that are also approved by your local government..
by sco
Wed Jul 04, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 13790

Re: Best 401k Employer Match Structure

100% on up to 6%, on salary and bonus. 100% vested immediately, after 1 year of employment.
Pre-Tax and Roth Options available.


In the past they have thrown extra money is as some sort of profit sharing. I believe that they stopped that, but it was always and extra 5-10% when it was done..
by sco
Thu Jun 28, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15610

Re: How much (green) cash at home for emergency ?

I talk a lot about finances to friends and lately I'm starting to hear their stories about keeping large cash hordes at home. One friend told me that had 40K in a safe at home. My reply, "Are you crazy?" and then told them to put it in a safe deposit box at a minimum. I've heard 4 stories now with ...