Search found 523 matches

by Nissanzx1
Thu Mar 21, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: What year does employer contribute to 401k?
Replies: 20
Views: 1357

Re: What year does employer contribute to 401k?

My experience is that it does happen. The company I have worked for for 14 years did this for several years after the financial crisis. They changed to policy to “we will let you know if we decide to match” by feb of the year after. (They always matched although we now do 4.5% instead of the 6% when...
by Nissanzx1
Wed Mar 20, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 4403

Re: Being a Boglehead and car enthusiast stinks

I feel your pain!

Hit 40 recently and it’s time to make a dream a reality. Started a “Ferrari Fund” this year. Only got $417 as of today..... so ya know, enough to buy like a tail light :sharebeer
by Nissanzx1
Wed Mar 20, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a vehicle
Replies: 51
Views: 4366

Re: Paying cash for a vehicle

Agreed. I have 277K on 03 Honda Element, ice cold a/c, hot heat. Money in the bank ready to buy anything I want when the time comes. Side note on Dave Ramsey: I’m a fan. When I first heard Dave, I had 3 car loans, 11 credit cards, and couldn’t rub two $100 bills together. 10 years later I have 5 Pai...
by Nissanzx1
Tue Mar 19, 2019 10:33 pm
Forum: Personal Consumer Issues
Topic: Home with black mold
Replies: 22
Views: 2538

Re: Home with black mold

Depending on how much mold there is, it could be easier to mitigate than you may think.

Get the facts and maybe even a few different opinions on severity.
by Nissanzx1
Sun Mar 17, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Nightmare averted- Cautionary tale Please Read
Replies: 14
Views: 3123

Re: Real Estate Nightmare averted- Cautionary tale Please Read

I would assume there’s an easement. When I was researching the history of our home, I found the deed for our sewer easement, dated 1913. If I were the seller and had had multiple potential sales fall through due to this issue, I would get a lawyer to sort it out. But since you’re the buyer and not ...
by Nissanzx1
Sun Mar 17, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Nightmare averted- Cautionary tale Please Read
Replies: 14
Views: 3123

Re: Real Estate Nightmare averted- Cautionary tale Please Read

rantk81 wrote:
Sun Mar 17, 2019 11:14 am
Plumbing issue aside, I wouldn’t want to live next to that neighbor!
Exactly our thought as well. We were bummed because it was so much space for the price. $33/ Square Foot.

We chose another home and close on March 28. This one has just had its sewer line replaced 2 years ago.
by Nissanzx1
Sun Mar 17, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Calling Volvo and Audi owners! Reliabilty questions
Replies: 61
Views: 3689

Re: Calling Volvo and Audi owners! Reliabilty questions

I have owned 2 Audi A4’s. They were both 2.8 V6 Quattro. Manual transmissions. I loved both. I would buy the brand again. Both of mine were pretty cheap to maintain, with the exception of timing belt replacements that required disassembly of the entire front of the car. About $1100 at independent ga...
by Nissanzx1
Sun Mar 17, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Nightmare averted- Cautionary tale Please Read
Replies: 14
Views: 3123

Real Estate Nightmare averted- Cautionary tale Please Read

Wife and I found a lovely 3BR/1BA home in lovely older neighborhood. Contracted with the seller, contingent on only a sewer camera inspection. Home had all new windows and 1 year old high efficiency HVAC. Plumber, who is a personal acquaintance finds old clay tile broken up (as I sort of expected be...
by Nissanzx1
Sun Mar 17, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Funding emergency home repair
Replies: 28
Views: 1759

Re: Funding emergency home repair

Wow - what a bad deal. I wish for you that this could have been found on pre-purchase home inspection. So sorry. I’d tighten household budget to defensive position (no vacations/fancy meals out) until the $40K from EF is replaced. I’d probably pad EF to $60K or so this time. It will require sacrific...
by Nissanzx1
Sat Mar 16, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Financial disparity among siblings: Your experiences
Replies: 25
Views: 3701

Re: Financial disparity among siblings: Your experiences

Wife’s siblings range from MD Deeply in Debt, to Farmers with high paper value NW, to one Running a day care and getting by raising nine children, to a millionaire banker. I think like many other families, there isn’t much financial continuity...
by Nissanzx1
Fri Mar 15, 2019 3:13 am
Forum: Personal Consumer Issues
Topic: Lemon or Just Getting Used to Having an Older Car???
Replies: 33
Views: 2703

Re: Lemon or Just Getting Used to Having an Older Car???

I’ve been around cars all my life. These are mostly reasonable repairs. If you think this is bad, try owning a similar aged 7 Series. Hyundai is not awful, but the quality level is no where near Lexus for instance. The prices you are paying are at the very high end of the spectrum. No reason your ca...
by Nissanzx1
Thu Mar 14, 2019 8:31 pm
Forum: Personal Consumer Issues
Topic: best way to sell a coin collection
Replies: 33
Views: 2552

Re: best way to sell a coin collection

eBay with detailed photos and descriptions and 10 day listings. Brace yourself for a 1099K. This will be work, lots of work.
by Nissanzx1
Wed Mar 13, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How to finance addition
Replies: 21
Views: 983

Re: How to finance addition

I have to be honest you you. 1900 Sq Ft is plenty big for your family. I agree with you, but the way it's laid out, 900sf is a finished basement, completely underground and the wife says no bedrooms in the basement. Only 2 bedrooms upstairs and she says boy and girl can't share the same room. Trust...
by Nissanzx1
Wed Mar 13, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How to finance addition
Replies: 21
Views: 983

Re: How to finance addition

I have to be honest you you. 1900 Sq Ft is plenty big for your family. If you admit to yourself that this is a “want,” I would pay off RV and Car from Cash and find as cheap as possible HELOC for the addition. Sure wish it could wait another year to save more cash. Primary mortgage, Heloc, Car Payme...
by Nissanzx1
Wed Mar 13, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: How to finance addition
Replies: 21
Views: 983

Re: How to finance addition

Let’s get your age, house hold income, number of children, current and planned square footage etc.

I generally take the “do no more harm” approach to additional borrowing... but it could make sense in your case.
by Nissanzx1
Tue Mar 12, 2019 9:11 pm
Forum: Personal Investments
Topic: Investment property
Replies: 16
Views: 1049

Re: Investment property

Purchasing resort property a thousand miles away, with significant debt, and trusting a management company, not knowing if the hoa allows AirBNB rentals? No, no, no, no, and lol.....No.

Help me understand how, rationally, you are even considering this?
by Nissanzx1
Tue Mar 12, 2019 6:05 am
Forum: Personal Investments
Topic: Can i rely on rental property?
Replies: 64
Views: 5343

Re: Can i rely on rental property?

Not enough information. What is your ROI? What ROI did you expect when you started? Why did you buy a building you think might fall down? If you want consensus from BH strangers, the consensus comes down against rentals. Over and over. Many former landlords, many too scared. Returns are ENHANCED by...
by Nissanzx1
Tue Mar 12, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: Experience with turbo >100,000 mi
Replies: 29
Views: 2273

Re: Experience with turbo >100,000 mi

Synthetic oil of the manufacturers recommend viscosity is required with turbos. Nothing to be scared of, just keep in mind the synthetic oil rule and let the engine idle down a few seconds before cutting off the ignition. Once your engine shuts off, your turbo no longer gets oil even though the imp...
by Nissanzx1
Tue Mar 12, 2019 5:49 am
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 10631

Re: Best Car Values

“Cars are getting better and better, slightly more expensive but lasting longer.” Not sure about this. Nine and 11 speed transmissions, hybrid technology, cars that shut off at traffic lights, keyless fobs. I think all this technology is quite a bit to go wrong later in the ownership cycle... nettin...
by Nissanzx1
Tue Mar 12, 2019 5:36 am
Forum: Personal Investments
Topic: Can i rely on rental property?
Replies: 64
Views: 5343

Re: Can i rely on rental property?

I think most people are too lazy or just don’t want to fool with tenants. Prepping, screening, verifying, helping with maintenance issues, finding properties to buy, etc all takes time and it needs to be done right. And it’s work... I enjoy it, so I’ll be a landlord until I no longer enjoy it. Pay i...
by Nissanzx1
Tue Mar 12, 2019 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Can or should we afford this house
Replies: 62
Views: 4270

Re: Can or should we afford this house

You can technically afford to borrow it but your housing costs more than triple and you will be left with almost no liquid savings for home repairs or other emergencies. The other red flag is not the full 20% down. I’d hold off until you have the full 20% down and 6 months expenses in the emergency ...
by Nissanzx1
Mon Mar 11, 2019 11:19 pm
Forum: Personal Consumer Issues
Topic: Experience with turbo >100,000 mi
Replies: 29
Views: 2273

Re: Experience with turbo >100,000 mi

Synthetic oil of the manufacturers recommend viscosity is required with turbos. Nothing to be scared of, just keep in mind the synthetic oil rule and let the engine idle down a few seconds before cutting off the ignition. Once your engine shuts off, your turbo no longer gets oil even though the impe...
by Nissanzx1
Fri Mar 08, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: What is the maximum I can spend on a car?
Replies: 36
Views: 2893

Re: What is the maximum I can spend on a car?

I’d say at your present net worth/age ratio about $10,000 is the most I’d want in a decpreiating asset. Your savings rate appears to be now dialed-in nicely if you stay the course. Don’t let something as dumb as a car derail you. We are married, no kids, your age, your income, worth $600K and each d...
by Nissanzx1
Fri Mar 08, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: I need to ethically reneg on a large eBay purchase
Replies: 39
Views: 4875

Re: I need to ethically reneg on a large eBay purchase

Seller doesn’t have the option to leave negative or have any legal recourse against you. As a buyer, you can do nearly whatever you want on eBay. As a seller......not so much...
by Nissanzx1
Fri Mar 08, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Strategy For Student Loans
Replies: 48
Views: 3101

Re: Strategy For Student Loans

Welcome! You have a few things going on here and you are paying attention, which is great. 1) Dave Ramsey’s advice is perfect for your situation. Start with the Total Money Makeover Book. This book completely changed my life. You are going to have to start hating/resenting the debt to really make th...
by Nissanzx1
Wed Mar 06, 2019 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Wife got company car. Should we sell 2 year old car?
Replies: 36
Views: 3003

Re: Wife got company car. Should we sell 2 year old car?

No way I’d sell with the short period she’ll be in the role. Always gotta keep a getaway car.
by Nissanzx1
Mon Mar 04, 2019 4:34 am
Forum: Personal Finance (Not Investing)
Topic: How To Buy Another Home Before Selling Your First?
Replies: 19
Views: 2030

Re: How To Buy Another Home Before Selling Your First?

Thanks everyone for the responses. This is getting rough. I get the best option would be to completely sell our current home, have the cash in the bank, then go find the next one. On a timeline here, trying to get into the next house before the school year starts (September 2019), as we have a four...
by Nissanzx1
Mon Mar 04, 2019 4:18 am
Forum: Personal Consumer Issues
Topic: Thinking of Buying a Watch - Recommendations?
Replies: 74
Views: 4659

Re: Thinking of Buying a Watch - Recommendations?

I do sometimes wear '68 Rolex Oyster Perpetual. But an authorize service location turned it into a windup watch by breaking the self-winding action... which they offered to fix, if I paid for it. Current cost to repair ~$800. So I'll let my heirs worry about it. You might check out The Watch Dr Mar...
by Nissanzx1
Sun Mar 03, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: What do you do to relax just after returning from work
Replies: 80
Views: 12038

Re: What do you do to relax just after returning from work

I might go to a gym or thrift store on my way home because I enjoy that. Then change into jeans and sweatshirt and work on my side hustle for about 1 hour(mostly find that relaxing too). Maybe tinker with watches or my radio hobby after dinner. Sometimes work follows me home. That’s not ideal but ha...
by Nissanzx1
Sun Mar 03, 2019 12:46 am
Forum: Personal Consumer Issues
Topic: Best quality car - Lexus?
Replies: 56
Views: 6200

Re: Best quality car - Lexus?

I am into Mercedes since I was a kid so own 2 now. Lots of problems along the way. Lexus has everyone beat. I’ve driven many, many cars. Ever since the first LS in 1990- there is no comparison.
by Nissanzx1
Fri Mar 01, 2019 6:00 am
Forum: Non-US Investing
Topic: [How to rent when no earned income but enough assets?] [Australia]
Replies: 10
Views: 1053

Re: How does index investing wok in retirement if you don't own a house?

Certainly nothing inherently evil about renting. The big advantage of owning is it maintains a (relatively) fixed cost structure. This gives you more control over your situation and eliminates swings in fixed expenses (barring property tax swings). Once your home is paid for, the living can get down...
by Nissanzx1
Thu Feb 28, 2019 7:47 pm
Forum: Personal Investments
Topic: Should I sell the bank stocks I [inherited] in 2006?
Replies: 24
Views: 1495

Re: Should I sell the bank stocks I [inherited] in 2006?

I’d keep them. If you think Americans are done borrowing money, think again. You will do well over the long haul.
by Nissanzx1
Thu Feb 28, 2019 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Client From Hell Is Driving Me Insane!
Replies: 60
Views: 7824

Re: Client From Hell Is Driving Me Insane!

1 or 2 really awful customers is kind of normal for lots of people. Not rational, spoiled, entitled, impossible to please, etc. you may not be able to do it today, but eventually get a plan in place to end it, pawn it off on a new person, or jack the rates up so high they leave. Over the long run th...
by Nissanzx1
Mon Feb 25, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 7982

Re: How often do you and your friends change engine oil?

Every 5K-6K using Walmart SuperTech Synthetic. I change it myself. $20 with filter and all taxes included. I have been using it for years now in our 2 daily cars...
by Nissanzx1
Sun Feb 24, 2019 11:06 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 124
Views: 9626

Re: Is Hyundai the value sweet spot?

Nope. I don’t buy the brand. The quality is higher than the early cars, but there is a long way to go. Resale value is second most awful only to Kia. We have a friend that bought his Sonata new, engine blew at 80K miles (it was serviced at the dealer for every oil interval). No way, I don’t need the...
by Nissanzx1
Sun Feb 24, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Paypal wants my SSN
Replies: 12
Views: 2751

Re: Paypal wants my SSN

They want to make sure they can get that 1099 to you... Does this new policy refer to the standard PayPal account, which might have a balance at any given time, or some other interest bearing account with them? The former doesn't pay any interest and I have never received any type of tax statement ...
by Nissanzx1
Sat Feb 23, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ring Shopping
Replies: 82
Views: 4025

Re: Ring Shopping

For that much money, it had better be a sizzler, killer stone. I’d look at pawn shops for a stone. Have a jeweler design a band she likes custom. I got engaged 5 years back with a 1.03 D Color Purchased From Israel direct for $2700. Another $2500 for custom WG 14K mount. Done. She likes it- it looks...
by Nissanzx1
Sat Feb 23, 2019 8:11 am
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 42
Views: 6348

Re: Edward J rep is not answering my Questions

My 85 year old father in law has been 100% in bank CD’s his entire life, never even one share of stock. “Stocks aren’t any good.” My point being EJ (high as the fees are), it could always be worse... love my FIL very much and he’s worked hard; but My Boglehead brain can’t help but think of the oppor...
by Nissanzx1
Thu Feb 21, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2810

Re: How to finance car purchase for teen

No he won’t get financing for a $15-$20K car with no money, no job, and no credit. Unless I’m missing something, he’s going to struggle to make the payments anyway. That’s quite a bit of responsibility for such a young person to be saddled with. What sort of lesson would it teach him? Just trying to...
by Nissanzx1
Wed Feb 20, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying 100K+ twards Mortgage
Replies: 6
Views: 1302

Re: Paying 100K+ twards Mortgage

Reach out to the mortgage company first and explain you want to reduce the principle, not make $100K in pre payments.

They will let you know the process. Congrats on the headwinds...
by Nissanzx1
Tue Feb 19, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Paypal wants my SSN
Replies: 12
Views: 2751

Re: Paypal wants my SSN

They want to make sure they can get that 1099 to you...
by Nissanzx1
Tue Feb 19, 2019 10:35 pm
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 8762

Re: How many bogleheads do you know in real life?

Zero. We are like unicorns.
by Nissanzx1
Tue Feb 19, 2019 7:34 am
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4486

Re: Do you look back and wish you were more aggressive?

I’ve always been in equities since I started investing 20 years ago in a 401K. I do certainly have regrets-principally that I didn’t invest a larger percentage of my income. No regrets about asset class choice yet...
by Nissanzx1
Mon Feb 18, 2019 11:44 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 73
Views: 5943

Re: First thing(s) you'd do when you achieve financial independence?

Probably will slow down and work a little less. Take one or two more vacations per year. I have more than I need already, I can’t really see things changing too drastically.

Mentally, I think I’ll feel better...
by Nissanzx1
Mon Feb 18, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 113
Views: 12666

Re: Mega Downsize....

I’d probably make a list of the items with no resale value and make a goal of one truck load every 2 weeks to donate. Once all that stuff is gone (sounds like months) have several garage sales this summer. If it’s over $100 value, Craigslist or eBay it. You might be shocked at the ebay fees so look ...
by Nissanzx1
Sun Feb 17, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: NYC diamond district - pre-owned diamond jewelry, buying tips?
Replies: 24
Views: 1867

Re: NYC diamond district - pre-owned diamond jewelry, buying tips?

Pawn shops are the only place I buy jewelry. It’s a steal. I routinely get 50% of their asking price by walking away. I’m kind about it but firm. Wife has some really incredible pieces. I bought a bunch of loose Tanzanites at one last year. Absolutely stole them. How do you evaluate what you are bu...
by Nissanzx1
Sun Feb 17, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5603

Re: Moved to new state/job 6M ago. Previous employer wants me back!

I wouldn’t consider moving back for even one second. Grow where you are planted. This stuff is napalm for marriages/kids.

I probably would look at other jobs in Texas in your current community after the 2 years elapses.
by Nissanzx1
Sun Feb 17, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 357
Views: 83098

Re: If your net worth is over $3 million, how did you do it?

Purchased about $50,000 worth of stock in a small savings and loan in 1984ish. That S&L has done extraordinaryly well and that investment is worth over $1M today and pays out hefty dividend income. I, also, invested in a local savings and loan about the same time period but didn't invest quite as m...
by Nissanzx1
Sun Feb 17, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7548

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

The Audi is an $8000 car in 5-6 years. Is that really what you want to do with your money? Buy a 5-6 year old Audi for $8000-10,000 and drive it as your nice car for the weekends. Pay cash. You are doing so well with your savings and investments, don’t screw it up with a high depreciation car purcha...
by Nissanzx1
Sun Feb 17, 2019 9:59 am
Forum: Personal Consumer Issues
Topic: using uber versus buying a car
Replies: 54
Views: 3589

Re: using uber versus buying a car

I’m too much of a control freak to trust someone from Uber to get me in a timely fashion. I did car rental for 10 years and I guarantee you SLP and rental rate are not a good long term plan either. The credit card damage waivers almost never cover all the damage. You’ll see how wormy those coverages...