Search found 2575 matches

by jharkin
Thu Apr 09, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Auto insurance companies issuing refunds due to coronavirus]
Replies: 103
Views: 7437

Re: Allstate offers 15% [car insurance] rebate for reduced driving

Personally, I’d like to see something from Amica other than the 10% or 15% rebate that typically shows up for me in November. Amica is a mutual. Any excess profits will be paid out as dividends to participating policies. Since you are already receiving dividends every year, you should receive a lar...
by jharkin
Thu Apr 09, 2020 1:05 pm
Forum: Investing - Theory, News & General
Topic: $2.3 trillion from Fed, unemployment, etc.
Replies: 36
Views: 3056

Re: $2.3 trillion from Fed, unemployment, etc.

We cannot do this, but ... ... if we turned off a switch and everybody froze in place in a kind of suspended animation, then turned it back on in 3 months, no one would be the wiser. Their financial situation would be the same and that would go for individuals, groups, and companies. It would just ...
by jharkin
Thu Apr 09, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2816

Re: NYT hit piece on Donor Advised Funds

The Times is right. There should be at least a requirement for each one that such and such a percentage is actually given to charity in some reasonable time period, say every two years. That would avoid the crooked games they describe. That would defeat the primary reason I contribute to a DAF...ba...
by jharkin
Thu Apr 09, 2020 9:12 am
Forum: Personal Consumer Issues
Topic: Outside of stocks, what else is a screaming good deal now?
Replies: 66
Views: 7975

Re: Outside of stocks, what else is a screaming good deal now?

Stocks: I don't keep 'dry powder' and I don't change my buying habits based on market swings so not touching that. What is cheap: Gasoline near me is close to $2 a gallon. Haven't filled up in a month however Heating oil is similarly cheap. Helpful to many folks in the northeast that don't have acce...
by jharkin
Thu Apr 09, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in career - what did you do to "unstuck" yourself?
Replies: 41
Views: 3824

Re: Feeling stuck in career - what did you do to "unstuck" yourself?

You're early 30s, single, with a master's degree from Stanford, and experience in biotech. You're in the ideal position to try whatever you want to do. If you don't like your current job, quit it and try something else. You'll turn out just fine either way. +1 30, single and already making double t...
by jharkin
Thu Apr 09, 2020 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Can't Get Mobile Deposit to Work - Capital One
Replies: 18
Views: 784

Re: Can't Get Mobile Deposit to Work - Capital One

I'm using Android 6 on Amazon Fire 7 tablet as I don't have a smartphone. I have the most recent version of the Capital One app and I even tried reinstalling it. It's probably because you're using a 5 year old version of Android on a $50 tablet. I think this is related to your device/OS, not Capita...
by jharkin
Tue Apr 07, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: No sports but cable bills unchanged
Replies: 86
Views: 6336

Re: No sports but cable bills unchanged

I really want to try cutting the cord... but every time I run the numbers it just doesn't seem to save enough to be worth the hassle. Things is though luck and employer discounts we have a cable package that while pricey in absolute dollars has some very deep discounts. I'm paying only $35 for true ...
by jharkin
Mon Apr 06, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Gas stabilizer and Covid 19
Replies: 34
Views: 2889

Re: Gas stabilizer and Covid 19

Gas stabilizer might be wise if you expect the car to sit for 12 months or more... but then you have other issues ( dead battery, tire flat spots, top end of engine starving for oil). FYI Stabil doesn’t do anything to remove ethanol, and ethanol is not specifically a problem for fuel storage. Ethano...
by jharkin
Sun Apr 05, 2020 7:25 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11386

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

1. I rebalanced last week, because my IPS calls for that once a quarter when the allocation drifts more than 5% off target

2. I cut down on discretionary spending and am redirecting the difference into expanding the EF.
by jharkin
Sat Apr 04, 2020 6:42 am
Forum: Investing - Theory, News & General
Topic: The lost era of the 1960's to early 1980's. How did investing work and not work back then?
Replies: 25
Views: 2488

Re: The lost era of the 1960's to early 1980's. How did investing work and not work back then?

I am slightly familiar with the time frame often described as a lost era for investing, the 1960's to early 1980's. The market went sideways basically in nominal prices whereas inflation ramped up. What can we learn from that era without delving into political discourse? Would an individual been be...
by jharkin
Fri Apr 03, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?
Replies: 92
Views: 6994

Re: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?

I wonder what a secure well paying job is right now? Only a few I can think of... maybe Emergency Room Doctor or something in that medical arena..but there are some pretty clear disadvantages to that right now. I would think other Emergency responders are secure but that doesn’t pay super well in m...
by jharkin
Thu Apr 02, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1676

Re: Mortgage Forbearance

Who should pay for the forbearance? The US government and the State governments. They are responsible for ordering private businesses to close. They have to pay for the costs. But they in turn have to pay for it with taxpayer money - either by issuing more debt (treasuries) or using the fed to infl...
by jharkin
Tue Mar 31, 2020 6:14 am
Forum: Investing - Theory, News & General
Topic: Where Is The SP 500 Future
Replies: 32
Views: 3153

Re: Where Is The SP 500 Future

If this comes true I might as well just put all my money in BND and 2% CDs. :oops: This is a scary time. We though similar things in 2009, and 2001 and look how that turned out. For that matter in 1930 the situation was pretty bleak but if you survived the following 40 years and stayed invested you ...
by jharkin
Mon Mar 30, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17833

Re: What will you do first, once COVID pandemic is over?

I'm going to Disney World!!!


No, seriously.. We had been planning that in 2021 for the kids (their first trip). Hope to still be able to do this when this is "over" - but I define over as a widely available vaccine.
by jharkin
Mon Mar 30, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: Is the coronavirus stay-at-home experience a preview of retirement life?
Replies: 61
Views: 4390

Re: Is the coronavirus stay-at-home experience a preview of retirement life?

Not at all. In retirement, I will not be working, will not be helping my kid do school work, and will go out often for entertainment, dining, and drinking. +1000. Right now I'm sitting in a chair in my basement for 8-10 hours a day nonstop on video conference with my job, while trying to occasional...
by jharkin
Sat Mar 28, 2020 2:41 pm
Forum: Personal Consumer Issues
Topic: What Happens To Your Battery When Your Car Is Parked For Weeks?
Replies: 90
Views: 4986

Re: What to do with my cars during Corona Lockdown

Take it out for a 10 minute drive once a week. Make sure to check fluid levels and tire pressure. Turn on AC to keep seals fresh. This. Also helps avoid flat spotting the tires and keeps oil circulated in the engine, transaxle, etc. If you get to the point the car may sit for 6 months or more, cons...
by jharkin
Sat Mar 28, 2020 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage - Corona deferred payment options always advisable?
Replies: 10
Views: 1050

Re: Mortgage - Corona deferred payment options always advisable?

Most of what I have seen is that the programs will require proof you income has been reduced due to the crisis.

If the entire country stops paying debts just because “we can” we are in for much longer and deeper recession. Please don’t take advantage of the situation.
by jharkin
Sat Mar 28, 2020 6:19 am
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13193

Re: How are you going to use your stimulus money?

Many people had no emergency funds or highly inadequate funds. This will be a costly lesson for them and will scare most everyone. Much of the stimulus will be used to replenish these funds instead of spending the money to stimulate the economy. As much as I wish for this to be true, reality is dif...
by jharkin
Fri Mar 27, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Worth trimming 2020 income to reduce chance of clawback of stimulus check?
Replies: 11
Views: 1485

Re: Worth trimming 2020 income to reduce chance of clawback of stimulus check?

^^. This.

The formula they used is way to generous. I’ll be getting quite a bit and we are both still fully employed.Wish they would have plowed every dollar into expanded unemployment.

I’m just going to hold on to it to help out my relatives who lost work.
by jharkin
Fri Mar 27, 2020 6:34 am
Forum: Personal Consumer Issues
Topic: How capable is public broadband of supporting increased usage?
Replies: 38
Views: 1996

Re: How capable is public broadband of supporting increased usage?

It’s not just a matter of what your personal connection can handle. It also matters what the large internet backbones can take - which are mostly run by legacy telcos (Verizon maintains much of the US east coast, other companies run other regions, continents). It also depends on what the capacity is...
by jharkin
Thu Mar 26, 2020 12:28 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197439

Re: Bogleheads community discussion - Coronavirus

And, the UK's approach is "do nothing" and "no testing". I would let you draw your own conclusion. KlangFool Where did you get that from? I have colleagues in the UK (Cambridge, England specifically) and I just spoke with one 3 hours ago. He is only allowed to leave his house 1 hour per day under t...
by jharkin
Mon Mar 23, 2020 1:25 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197439

Re: eerily quiet in the hood

that is how is needs to be, everyone stay at home!!! I don't know if you're watching the news, but overnight there is suddenly a big nationwide push in the media [Deleted -- mod oldcomputerguy] to send people back to work to save the economy. Before anywhere in the US has even hit a peak they want ...
by jharkin
Mon Mar 23, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Corona and the “barebones” budget
Replies: 45
Views: 6009

Re: Corona and the “barebones” budget

Momus wrote: Mon Mar 23, 2020 12:49 am You guys are contributing to severe recession / stock downturn.

Spend all your money to support the businesses... -_-
Spend it on what?

Hard to spend money when businesses are not open to collect it, or hte activities you would have spent it on (travel) have been cancelled. :confused
by jharkin
Sun Mar 22, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Corona and the “barebones” budget
Replies: 45
Views: 6009

Re: Corona and the “barebones” budget

I can easily see the next couple months cutting down our spending a thousand dollars a month, or more: Not eating out 2-4x a month - $200-500 savings Not driving anywhere, not even to work - $200-300 savings Less recreational shopping (mostly my better half ;) ) - $$$$ lots Less buying coffees and s...
by jharkin
Sun Mar 22, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 317
Views: 23195

Re: So what are you cooking

We normally home cook most days (go out 1-3x a month) but obviously now we are home cooking EVERYTHING. We also are beeing much more careful not to waste. Not throwing out leftovers we forgot after a few days or stuff the kids decide they dont like. We are cooking for a couple days, then having a le...
by jharkin
Sat Mar 21, 2020 7:55 am
Forum: Personal Investments
Topic: I knew this was going to happen and did nothing...
Replies: 107
Views: 10281

Re: I knew this was going to happen and did nothing...

OP:

I watched “The Stand” in high school. Interesting mini series, but absolutely NOT what we are going through.

It’s going to be rough, rougher than anything in our lifetime, but 99% of the world population will survive and life WILL go on. Keep telling yourself that and breathe.
by jharkin
Sat Mar 21, 2020 7:46 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 349
Views: 30136

Re: How much you lost/gain since Feb 20,2020 ?

Down about 20% in my retirement funds. Losses = ~ 60% of last years income.

It’s my third rodeo and so far I’m holding better than last time but I’d be lying if I said I wasn’t scared at some this one will be different.
by jharkin
Fri Mar 20, 2020 12:16 pm
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 245
Views: 24547

Re: Unprepared for Potential Great Depression Part 2

lostdog wrote: Fri Mar 20, 2020 11:12 am
Ocean77 wrote: Thu Mar 19, 2020 8:52 pm There will be a rough few months. But think of all the pent up demand for goods that is piling up. We're going to have one hell of a recovery.
+1

I agree.
There wont be demand if the segment of the economy that does the most consuming as a % of their income - has no income.
by jharkin
Fri Mar 20, 2020 9:52 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55592

Re: How Is Your Job Being Impacted By The Current Crisis?

Interesting. My district is recalling teachers to the building full-time, unless they're immunocompromised or 60+. At present, they've committed to continuing to pay paras, bus drivers, cafeteria, etc. as long as they keep showing up to work. We're not prepared for fully digital learning, since man...
by jharkin
Thu Mar 19, 2020 9:52 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55592

Re: How Is Your Job Being Impacted By The Current Crisis?

...My better half: - works in public primary education. Schools are off 3 weeks but may (likely will IMHO) extend. We *thought* her job was more stable than mine but the district has already announced that the school board will "meet to discuss how to continue paying staff if the shutdown extends t...
by jharkin
Thu Mar 19, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Intended Cruise
Replies: 15
Views: 1136

Re: Intended Cruise

Go find and read the Imperial College UK report with all the possible scenarios how this will play out.


Short of a miracle cure being found next week, your cruise is not likely to even be operating in May. I'd cancel while the line still has the funds to issue you a refund.
by jharkin
Thu Mar 19, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: What changes will you make in your life ...
Replies: 16
Views: 1195

Re: What changes will you make in your life ...

Assuming this doesnt become Great Depression 2.0 my AA will stay as is (age-10 in bonds glide path). I AM going to significantly increase my EF target.... a few years ago been carrying 6 months plus savings for other short term needs, but started to get annoyed at having so much low yield cash and t...
by jharkin
Thu Mar 19, 2020 7:58 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2168

Re: What to do with bonuses this year

How do you know already the bonus would be double next year? S/He cant. If this turns into lockdown that lasts for months even unrelated and supposedly "super stable" businesses might be severely impacted. Government employees and state pension funds might be at risk. There is already talk of liqui...
by jharkin
Thu Mar 19, 2020 7:50 am
Forum: Personal Finance (Not Investing)
Topic: How many are regretting not investing in real estate
Replies: 55
Views: 5529

Re: How many are regretting not investing in real estate

Property prices do not seem to be affected by the downturn Its been only a matter of DAYS. Homes cant sell when people are not allowed to go outside, and I bet some percentage of deals in the works will fall though because people will loose jobs and have their financing pulled... or appraisers will...
by jharkin
Thu Mar 19, 2020 7:41 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55592

Re: How Is Your Job Being Impacted By The Current Crisis?

Me: I work in software but the company is privately held and I suspect has years of operating expenses in cash reserves. Never had a layoff in company history but who knows. As of last Friday, they moved the entire company to world wide WFH other than essential facilities staff that are keeping the ...
by jharkin
Wed Mar 18, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 173
Views: 10573

Re: What is your AA, given your age ? and this crisis ?

- Age 44. - I work in software but the company is privately held and I suspect has years of operating expenses in cash reserves. Never had a layoff in company history but who knows. - My wife works in public primary education. Schools are off 3 weeks but may extend to all year. We *thought* her job ...
by jharkin
Mon Mar 16, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 15381

Re: So what does shutting down the US economy for a few months look like?

but I don't think we have to hide out inside our homes when we're asymptomatic. Actually that's EXACTLY what we should be doing, what CDC and most every scientific authority has been begging people to do. But people are not doing so willingly, and the virus is spreading unchecked in many areas. So ...
by jharkin
Mon Mar 16, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Have you been personally affected by supply chain problems?
Replies: 56
Views: 3866

Re: Have you been personally affected by supply chain problems?

+1 what I am seeing is senseless hording... not just of staples that cant be used in a year but also of bottled water (it comes out of your kitchen tap you $(*&$%(*$% ) and probably lots of excess food that will rot before being eaten.

:oops:
by jharkin
Sun Mar 15, 2020 9:18 pm
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 15381

Re: So what does shutting down the US economy for a few months look like?

but I don't think we have to hide out inside our homes when we're asymptomatic. Actually that's EXACTLY what we should be doing, what CDC and most every scientific authority has been begging people to do. But people are not doing so willingly, and the virus is spreading unchecked in many areas. So ...
by jharkin
Fri Mar 13, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: CHART: Current Downturn vs. 2008-09 Financial Crisis
Replies: 34
Views: 3938

Re: CHART: Current Downturn vs. 2008-09 Financial Crisis

2001 was bad, 2009 was worse, 2020 will be maybe even worse? Are market crashes harder than before? Is this the new standard bear market? -30% drops in a couple of weeks? No this is just sudden worsening news every day which were not yet priced in. It depends how fast negative news spread and how h...
by jharkin
Wed Mar 11, 2020 2:21 pm
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2855

Re: Rant about depressing portfolio returns

You started with 100k and grew that to 2 million in 8 years????? Its mathematically IMPOSSIBLE that your return rate was close to zero... unless your contribution rate was well into the 6 figures each year. And if that's the case your salary is probably top 1% in the US... top 0.00001% in the world....
by jharkin
Wed Mar 04, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Coronavirus: Why Are People Buying Water?
Replies: 61
Views: 4425

Re: Coronavirus: Why Are People Buying Water?

Why are people buying water in preparation for a Coronavirus quarantine? I understand food, toilet paper, etc., but I assume that water will still be on as well as other utilities. People also let the food in their refrigerator spoil when the power goes out in winter.... ... and its 20F outside. :o...
by jharkin
Mon Mar 02, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4020
Views: 311648

Re: Coronavirus and the market

Good think 8/10 people this virus strikes feel symptoms so mild they don’t even know they have it. It’s a very bad flu season - THATS ALL THIS IS 43 cases in the US now (excluding the evacuees) - 17 hospitalized and 2 dead. How do the CFRs look on those numbers? Sure, there are lots more cases out ...
by jharkin
Wed Feb 26, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47225

Re: 30 year mortgage under 3%

I just refinanced to 3.75 a little over a month ago. If it drops under 3% I will refi again even if it costs a couple bucks to do so. I'm refinancing from 3.75% down to 3.25% this week with no expenses. With no-cost refinancing (e.g. negative points to cover closing costs), you can keep refinancing...
by jharkin
Wed Feb 26, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47225

Re: 30 year mortgage under 3%

I just refinanced to 3.75 a little over a month ago. If it drops under 3% I will refi again even if it costs a couple bucks to do so.
by jharkin
Mon Feb 24, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: Net worth approaching lifetime earnings. How many years did it take?
Replies: 50
Views: 6052

Re: Net worth approaching lifetime earnings. How many years did it take?

I’m at 53% and I’m in my mid-40s. I’ll keep plugging away. I had to go run some numbers and Im probably barely worth 35% of lifetime earnings. also mid-40s. And that's not even factoring time value of money or figuring out hte net after tax value of my 401k. Those 1997 income dollars are worth a lo...
by jharkin
Mon Feb 24, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13936

Re: Do you ever use cash?

I went to a high school basketball game last Friday night. They didn't take credit cards. Always good to have some cash on your person. Put a $100 bill behind your drivers license. How many places/people have change for a $100. And sometimes even if they do they wont take hundreds (over counterfitt...
by jharkin
Mon Feb 24, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13936

Re: Do you ever use cash?

When getting work done at the house, I always ask if they're willing to offer a cash discount. Works about half the time and usually greater than the cash back my credit card will give me. Don't you worry about not having recourse in the event you have some dispute with your contractor? Im also thi...
by jharkin
Fri Feb 21, 2020 8:17 am
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11461

Re: Perform own oil change pros & cons?

Cons: You are "mechanically declined" and don't know what a metric screwdriver is :shock: I know you are being sarcastic :mrgreen: :mrgreen: Anybody who thinks they are going to find a metric "screwdriver" really shouldn't be touching tools... at all. I guess in theory you could call a Japanese JIS...