Search found 191 matches

by PrettyCoolWorkshop
Fri Aug 03, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: How to Start CC Churning
Replies: 33
Views: 4894

Re: How to Start CC Churning

Hi all, I've been leaning towards starting some "light" CC churning since I have a solid CC score and dont plan on purchasing a house in the next 2+ years (so hopefully FICO scores would have time to bounce back before a mortgage). What advice do you have for those starting out? E.g., from my resea...
by PrettyCoolWorkshop
Thu Aug 02, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Will using silica gel over-dry books?
Replies: 4
Views: 451

Re: Will using silica gel over-dry books?

This article might be able to answer your question in a very over-technical way. It might have even been the article you read in your own research. https://cool.conservation-us.org/waac/wn/wn23/wn23-2/wn23-206.html Interestingly, as an alternative to silica, you can create a saturated solution and p...
by PrettyCoolWorkshop
Wed Aug 01, 2018 2:38 pm
Forum: Personal Investments
Topic: Is Fidelity Fully Paid Lending a Good Deal?
Replies: 2
Views: 1762

Is Fidelity Fully Paid Lending a Good Deal?

I recently learned that Fidelity allows investors to sign up for its fully paid lending program, in which the securities of said investors are lent out, and the investors are paid interest in compensation. This allows you to be paid to be the counter-party to short sellers that borrow shares, and is...
by PrettyCoolWorkshop
Fri Jul 27, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 4246

Re: Decision for Stay at Home Wife?

Although this thread has hit a nerve, if I were making the decision in OP's case, I would have my wife stay at home instead of work. The net income just isn't worth it. Any time I am home, and performing housework, I feel like I'm contributing directly to the family economy in ways that are more per...
by PrettyCoolWorkshop
Wed Jul 25, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 3059

Re: Are laminate floors better-wearing than real hardwood?

If you're buying 99 cent/sf Lumber Liquidators laminate, chances are it's not going to be great. The OP mentions laminate with an AC4 rating. If you look up AC ratings, AC4 is supposed to hold up quite well. As someone who has had trouble with supposedly high-quality home materials (Corian counter ...
by PrettyCoolWorkshop
Wed Jul 25, 2018 8:28 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 3059

Re: Are laminate floors better-wearing than real hardwood?

The amount of variety and lack of well-defined technical information available to consumers reminds me of mattress shopping. Designed to confuse. I have continued researching this topic yesterday and today, and I've found that strand bamboo flooring might be a good deal. High hardness, otherwise mos...
by PrettyCoolWorkshop
Tue Jul 24, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 3059

Re: Are laminate floors better-wearing than real hardwood?

Thanks for the advice guys. I suppose some of the characteristics of laminate had been oversold to me, and some of it was reasonable as well. The ability to refinish hardwood seems like a hard-to-quantify tradeoff. Considering that hardwood could cost double the price to start with, you could replac...
by PrettyCoolWorkshop
Tue Jul 24, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: Are laminate floors better-wearing than real hardwood?
Replies: 36
Views: 3059

Are laminate floors better-wearing than real hardwood?

Howdy folks. I'm somewhat interested in putting either laminate or hardwood floors down in my living / dining room soon. I am not looking to get the fanciest possible thing, I'm just tired of the carpet getting stained all the time. I want to get something durable and that is a good value and qualit...
by PrettyCoolWorkshop
Tue Jul 24, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 45
Views: 5148

Re: Index-ish fund that lacks FAANG?

I was about to recommend shares of Berkshire Hathaway, but then I remembered that they added a significant stake in apple stock recently. Regardless, they have relatively little exposure to the tech sector and would be a fairly good pick for your objective. Almost none. Their tech play was IBM but ...
by PrettyCoolWorkshop
Mon Jul 23, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Index-ish fund that lacks FAANG?
Replies: 45
Views: 5148

Re: Index-ish fund that lacks FAANG?

I was about to recommend shares of Berkshire Hathaway, but then I remembered that they added a significant stake in apple stock recently.

Regardless, they have relatively little exposure to the tech sector and would be a fairly good pick for your objective.
by PrettyCoolWorkshop
Thu Jul 19, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is the most severe hyperbolic discounting you have ever acted on?
Replies: 30
Views: 2700

Re: What is the most severe hyperbolic discounting you have ever acted on?

I think it's funny that a lot of folks have (it appears) interpreted the term "hyperbolic discounting" to equate to extreme discount/value shopping. Maybe it just started to get derailed by coincidental scope-creep of early replies. Maybe I shouldn't have relied on wikipedia's thick-as-molasses expl...
by PrettyCoolWorkshop
Thu Jul 19, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What is the most severe hyperbolic discounting you have ever acted on?
Replies: 30
Views: 2700

What is the most severe hyperbolic discounting you have ever acted on?

Hyperbolic discounting is the tendency in humans to value something NOW a lot more than something later, to an extreme degree. This often results in impulse buys, convenience purchases, etc. wikipedia explains it with a bunch of $10 words: https://en.wikipedia.org/wiki/Hyperbolic_discounting What's ...
by PrettyCoolWorkshop
Wed Jul 18, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 582
Views: 77791

Re: Flaunt Your High-Mileage Car

I am driving a 1998 honda accord with 260,000 miles. It keeps on running, but it is leaking motor oil, power steering fluid, and coolant. This is most likely because the motor mounts have gone bad and the engine vibrates a lot more than it used to. A weird feature of this car is that it has some "ac...
by PrettyCoolWorkshop
Fri Jul 13, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 91
Views: 8050

Re: Would you trade experiences in your youth for early retirement

A lot of the responses above imply that saving money during your youth is a sacrifice. In my eyes, as a young person (27 years old) with such aspirations, it is not a sacrifice to me personally. I have a hard time spending money. It makes me anxious. Some expenditures are necessities, and that is fi...
by PrettyCoolWorkshop
Fri Jul 13, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: Building a Pool
Replies: 64
Views: 8823

Re: Building a Pool

Those pools do not lower the resale value of your house as a home pool will. That is simply not true in the Southeast, and particularly Florida, where they enhance the value of a house. I've lived in Florida 40 years and have always had a pool and wouldn't be without one. On the other hand, back in...
by PrettyCoolWorkshop
Thu Jul 12, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is it cheaper to get insurance quotes over phone or over internet?
Replies: 4
Views: 482

Re: Is it cheaper to get insurance quotes over phone or over internet?

In my one experience buying car insurance, I got a much lower rate with the one company I called by phone. I ended up going with them. They were a smaller local company, and my wife who I was covering was a new driver, so there was a lot of variance between different companies. Because the insurance...
by PrettyCoolWorkshop
Fri Jul 06, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 16297

Re: How to "retire" in your 30's article

http://www.cbsnews.com/news/how-marc-hardekopf-retired-in-his-thirties-without-winning-the-lottery/ Not the most informative article but thought I'd share. Since the plan is for his wife to go back to work, I'd consider it a work hiatus and him a stay at home dad instead of retired. I think that's ...
by PrettyCoolWorkshop
Thu Jul 05, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: Vacuum Quandary
Replies: 10
Views: 1056

Re: Vacuum Quandary

I've been meaning to ask folks about vacuum cleaner maintenance. In my armchair opinion: there's only two things that gradually wear out within the time that you use a vacuum cleaner: the filtering components and the beater bar. The filters gradually get clogged up with fine particles, meaning that ...
by PrettyCoolWorkshop
Fri Jun 29, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Best way to clean eyeglasses?
Replies: 59
Views: 4525

Re: Best way to clean eyeglasses?

I set running tap water to warm (not too hot, a friend once damaged an AR coating by using extremely hot water). I put a drop of liquid detergent of any kind, on one side of one lens. I touch my thumb and forefinger to the detergent drop, hold everything under water, spread detergent on both sides ...
by PrettyCoolWorkshop
Fri Jun 29, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Best way to clean eyeglasses?
Replies: 59
Views: 4525

Re: Best way to clean eyeglasses?

Extra difficulty: How to avoid the growth of mold or corrosion inside the nose pieces of wire frames? :confused (I'm pretty sure I can get them replaced for free at Costco, but would like to avoid anyway.) Once every few times I wash my glasses with soap and water, I make sure that my finger runs a...
by PrettyCoolWorkshop
Thu Jun 28, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2709

Re: Is today's furniture market wackier than ever?

As a pretty dang cheap 27 year old, I've hardly ever paid retail price for furniture. Either my family is trying to give some away, or my wife's family, or someone on craigslist has some for free, or else I build furniture to meet requirements that nothing commercially available can do. The U.S. is ...
by PrettyCoolWorkshop
Thu Jun 28, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Best way to clean eyeglasses?
Replies: 59
Views: 4525

Re: Best way to clean eyeglasses?

I always use soap and water, drying with normal, run-of-the-mill paper towels to no ill effects. I just make sure to pat gently, never seen a scratch because of this. To be fair, my glasses are only $40 from an online store, so I might be more cavalier with them than people that spent hundreds. This...
by PrettyCoolWorkshop
Thu Jun 28, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Pressure cooker with temperature control
Replies: 0
Views: 229

Pressure cooker with temperature control

Howdy Bogleheads. As a wedding gift, I recently received an Instant Pot. I like it a lot! There is one thing I miss on it though- because it is the base model "lux" version, it is missing a yogurt mode, which I would very much like to use. So, I'm going to return it and get another version. While re...
by PrettyCoolWorkshop
Tue Jun 26, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: The relationship between your personal discount rate, expected rate of return, and safe withdrawal rate
Replies: 4
Views: 401

Re: The relationship between your personal discount rate, expected rate of return, and safe withdrawal rate

In the '70's NPV was not well understood by corporate management. Newly minted MBA's wowed their bosses with NPV and its related IRR and even weighted return on capital. It was particularly poignant in the highly inflationary financial environment at the time. I think now these financial tools have...
by PrettyCoolWorkshop
Tue Jun 26, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: The relationship between your personal discount rate, expected rate of return, and safe withdrawal rate
Replies: 4
Views: 401

The relationship between your personal discount rate, expected rate of return, and safe withdrawal rate

Howdy Bogleheads. I've got a theoretical question/ discussion starter. For purposes of this discussion, please assume these are all real (as opposed to nominal) rates. Depending on which financial circles you hang around, you may have heard of the term, "discount rate." It is defined in many ways, b...
by PrettyCoolWorkshop
Tue Jun 26, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: IRS publishes draft 2018 1040 - Huge changes made
Replies: 181
Views: 25726

Re: IRS publishes draft 2018 1040 - Huge changes made

The elimination of the 1040A and 1040EZ will create changes in the simplified needs test for the FAFSA and I am sure it will create other ripple effects as well. It will be interesting to see how the simplified needs test changes.
by PrettyCoolWorkshop
Mon Jun 25, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 23994

Re: Can you retire on $2M?

So I looked into it for coverage with Blue Cross and it would be $3K. Now, obviously I'm not paying that so that could change next year, or with a wife, and future kids, etc. Where on EARTH are you finding decent HC (BCBS) at $3K per year? Unless you're getting large subsidies most recommend budget...
by PrettyCoolWorkshop
Mon Jun 18, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: What is the largest charitable action you have performed in your life?
Replies: 10
Views: 999

What is the largest charitable action you have performed in your life?

Howdy Bogleheads. I'm interested in your stories of the largest charitable actions you have performed in your lives. These can either be monetary, through your own labor, through donation of property, or any other means, really. It may be over an extended period of time, but it should be focused tow...
by PrettyCoolWorkshop
Wed Jun 13, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 134799

Re: Anyone regret paying off mortgage early?

I have $160,000 remaining on a 15 year mortgage at 2.75% rate. I am really, really sure that I need to not pay it off early- I'm well into the territory where expected returns trump the interest rate.
by PrettyCoolWorkshop
Mon Jun 11, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3413

Re: Can we discuss whisks?

is there a restaurant supply store nearby? I bought a great stainless steel whisk from a nearby supply store several years ago and its still going strong! If i remember correctly, there were various sizes and quality available. Plus, its a great place to wander around- soooo many kitchen items! I g...
by PrettyCoolWorkshop
Sun Jun 10, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 1528

Re: How should I hang a hammock on vinyl sided exterior wall?

Update: I ended up knocking together a solution this weekend. I built a frame that spans the closet doorway and I added a block to my 4x4 post to enable me to pass a rope through. Most of the ways I did things were to avoid having to make a trip to the hardware store. Pictures at the link below. Pos...
by PrettyCoolWorkshop
Fri Jun 08, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 101
Views: 19285

Re: New mattress

A lot of it is personal preference based on body size, shape, existing aches and pains, and sleeping position. Also the best mattress for sleeping might be different than the best mattress for other bedroom activities. I would avoid a "pillow top" especially if the top layer is poly foam. The poly ...
by PrettyCoolWorkshop
Thu Jun 07, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property Depreciation Question- Schedules for equipment purchased as part of home
Replies: 2
Views: 258

Rental Property Depreciation Question- Schedules for equipment purchased as part of home

Howdy bogleheads. I've got a small-potatoes question about the depreciation of rental property. I've been renting out 2 spare bedrooms in my home ever since I bought it in 2016. These represent 2 out of 6 rooms present in the house according to the appraisal, so I've been depreciating 1/3 of the bas...
by PrettyCoolWorkshop
Thu Jun 07, 2018 6:42 am
Forum: Personal Consumer Issues
Topic: Upgrade to SSD for 5-year old desktop?
Replies: 64
Views: 4624

Re: Upgrade to SSD for 5-year old desktop?

As one anecdote on SSD prices, I bought a 1 TB SSD for my laptop on Newegg about 3 years ago for $200. This was on sale. Nowadays you are still lucky to find a 1 TB SSD for $200, they are usually closer to the $250 range. The prices haven't fallen very much, if at all, in the last 3 years for the 1 ...
by PrettyCoolWorkshop
Wed Jun 06, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc anomaly
Replies: 10
Views: 1138

Re: FIRECalc anomaly

I have also experienced this bug- if the smallest ending portfolio value is greater than the initial portfolio value, the paragraph explaining the results can confuse the two. I always thought this might not be reproducible by other people, so I've never bothered to do anything about it. I am now se...
by PrettyCoolWorkshop
Tue Jun 05, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 1528

Re: How should I hang a hammock on vinyl sided exterior wall?

If it were me, I would install a block similar to what they attach exterior sconce lights on the outside of a vinyl sided houses. Essentially you cut a square hole in the vinyl siding, install the appropriate trim to shed any water up and over the block instead of behind the siding, install the blo...
by PrettyCoolWorkshop
Tue Jun 05, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 1528

Re: How should I hang a hammock on vinyl sided exterior wall?

First, do you have the ability to use a second 4x4 post next to the house instead of going into the siding? If not, I would drilling a slightly larger diameter hole through the siding. It will be it will be critical to get that eye bolt into a stud, so you will need to correctly locate one. I would...
by PrettyCoolWorkshop
Tue Jun 05, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 1528

How should I hang a hammock on vinyl sided exterior wall?

Howdy bogleheads. I am a fan of hammocks, and have for a while been wanting to install hardware to hang a hammock on my back screened in porch. I would use eye bolts similar to this: https://www.myhammock.com/shop/accessories/hanging-kits-and-hardware/swivellag-eye-screw-hook/ I would be installing ...
by PrettyCoolWorkshop
Mon Jun 04, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5880

Re: Best case to convert a Bogle skeptic?

I put in about an hour worth of effort once to convince my father to move away from his high fee management at Merrill Lynch. We are both engineers so we are pretty good with numbers, so I decided to show the likely implications of his decisions by using firecalc.com. My points followed, roughly: -D...
by PrettyCoolWorkshop
Mon Jun 04, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 3228

Re: How gameable is the FAFSA for the early retiree?

Howdy Bogleheads. Mostly as a point of curiosity, I started researching my local university's net price calculator, available at the link below. I don't even have kids, but I was curious how much aid money can be received by a FIRE family. https://npc.collegeboard.org/student/app/ncsu One thing tha...
by PrettyCoolWorkshop
Mon Jun 04, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 3228

Re: How gameable is the FAFSA for the early retiree?

A reasonable projection of my own FIRE goals is likely to end up with over 3/4 of my assets in normal brokerage accounts. If you take the $2M in the above example as purely the brokerage accounts, I think a savings of over $50,000 over 4 years would be relevant to an aspiring early retiree. PrettyC...
by PrettyCoolWorkshop
Mon Jun 04, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 3228

Re: How gameable is the FAFSA for the early retiree?

You have to file Schedule D if you received any Form 1099-B and you would have to file a Form 1040 to file a Schedule D. I doubt there are very many FIRE individuals without 1099-Bs Yes, 1099-B income, such as capital gains for sold securities would stop the family from being eligible for using the...
by PrettyCoolWorkshop
Mon Jun 04, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How gameable is the FAFSA for the early retiree?
Replies: 24
Views: 3228

How gameable is the FAFSA for the early retiree?

Howdy Bogleheads. Mostly as a point of curiosity, I started researching my local university's net price calculator, available at the link below. I don't even have kids, but I was curious how much aid money can be received by a FIRE family. https://npc.collegeboard.org/student/app/ncsu One thing that...
by PrettyCoolWorkshop
Sun Jun 03, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Tool board for basement - plywood or pegboard?
Replies: 30
Views: 2708

Re: Tool board for basement - plywood or pegboard?

3/4 plywood with 1-1/2 inch screws drilled into it would easily hold the 5 pounds you need. My opinion of the difference between plywood and pegboard: With plywood, you can use nails, screws, bent wire, little custom pieces of wood to make toolholders of all sorts. If you are at least a little handy...
by PrettyCoolWorkshop
Fri Jun 01, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: What exactly causes a spring mattress to wear out?
Replies: 27
Views: 3194

Re: What exactly causes a spring mattress to wear out?

Here is what we've found with mattresses. Pillow top mattresses wear out because the pillow top breaks down. What you are left with is a lumpy surface that is uncomfortable. We went to buying a very simple firm or extra firm mattress with no padding. We then add a memory foam mattress topper. When ...
by PrettyCoolWorkshop
Fri Jun 01, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: What exactly causes a spring mattress to wear out?
Replies: 27
Views: 3194

Re: What exactly causes a spring mattress to wear out?

As an update to my mattress purchase- With the new mattress, I've been sleeping better than before. But I was still curious if it could be better, especially after having done all the mattress research. After still having some (minor) discomfort with the mattress being a little too much on the firm ...
by PrettyCoolWorkshop
Thu May 31, 2018 3:16 pm
Forum: Personal Investments
Topic: Dividend Half what its supposed to be?
Replies: 6
Views: 1063

Re: Dividend Half what its supposed to be?

If you believe in the efficient market hypothesis, there should be no way you can get screwed over by buying and selling near the eligibility dates for dividends, as the market adjusts the price of the stock to match the value of future cashflows.

One less thing to worry about!
by PrettyCoolWorkshop
Tue May 29, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: What is a reasonable amount of time to spend cleaning a house prior to showing
Replies: 17
Views: 1596

Re: What is a reasonable amount of time to spend cleaning a house prior to showing

I imagine that part of the parent's reasoning if they are working from home is the reality of the best way to do home office work for a lot of people that work from home: you can get a full day's worth of work in a couple hours. This leaves hours in the day where you need to be somewhat tethered to ...
by PrettyCoolWorkshop
Fri May 25, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a good one stop website/broker for car insurance quotes?
Replies: 8
Views: 1231

Is there a good one stop website/broker for car insurance quotes?

Howdy bogleheads. In the next few days, it will be 1 year since my (now 25 year old) wife first got her driver's license. I've had my license for 11 years since I was 16. Right now we're paying about $104 for $250k of liability only insurance in North Carolina. This is certainly high, and I've ascri...
by PrettyCoolWorkshop
Thu May 24, 2018 7:33 am
Forum: Personal Investments
Topic: Firecalc and sims - skewed against more current years?
Replies: 3
Views: 568

Re: Firecalc and sims - skewed against more current years?

I see it as there being a tradeoff to make between pure monte carlo and backtesting simulations. With a backtesting simulation, you are able to use real data that includes all the reversion-to-mean behavior of the market (i.e. covariance/correlation between subsequent years of returns). With pure mo...