Search found 637 matches

by PVW
Fri Jan 25, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: I hate Group DI policy - Has anyone been able to opt-out?
Replies: 25
Views: 1749

Re: I hate Group DI policy - Has anyone been able to opt-out?

I'm curious what you think the cause of action against your employer will be. See my previous post. Employer policy prevented me from getting proper DI coverage, which approximately halves my total payout. I think the point is that nobody is forcing you to be in this situation. You are free to find...
by PVW
Fri Jan 25, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: small town
Replies: 47
Views: 4128

Re: small town

I grew up in an isolated small town. I know how talk gets around. If you're uncomfortable about being seen as unfaithful to local business, then you'll have to fight fire with fire. Luckily, EJ makes it easy. Tell anyone that'll listen that EJ is taking more than a third of your retirement income. G...
by PVW
Fri Jan 25, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: small town
Replies: 47
Views: 4128

Re: small town

They both question leaving local businesses to shop the "big box" concept. Much like not using our hometown hardware store and running to Walmart. This is not a good analogy, it's just a guilt trip. A better analogy would be that you used to pay a local contractor to do you're home maintenance, now...
by PVW
Thu Jan 24, 2019 11:50 am
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 9786

Re: Victim of my own success! How to deal with a complex life?

livesoft wrote: Thu Jan 24, 2019 11:48 am This thread demonstrates how the OP wasted another hour of their precious time. :)
My guess is that he wasted an hour of his employer's time.
by PVW
Thu Jan 24, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 9786

Re: Victim of my own success! How to deal with a complex life?

Move your accounts to a 3 fund portfolio at Vanguard and stop looking at it. Stop spending hours researching things on forums - spend time with your family. Taxes occupy a week or so in late Feb / early March, shouldn't be more than that. Wait until you have multiple children... I typically don't l...
by PVW
Wed Jan 23, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 23174

Re: Why doesn't a lot of money feel like a lot of money?

Any raise or bonus just goes into savings. Compared to my nest egg, this is a small amount of money and it doesn't get me too excited. If I decided to use my raise and bonus to increase my lifestyle, it would have a much more noticeable effect. However, I've been selling some valuable incentive stoc...
by PVW
Tue Jan 15, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed myself on salary negotiations, how do I get past this?
Replies: 25
Views: 2851

Re: Screwed myself on salary negotiations, how do I get past this?

You can't renegotiate the compensation package that you agreed to accept, but you can still decline it and take one of the other jobs. If you still want your 1st choice job, you'll just have to accept that you made a mistake. To make you feel better, it's really not costing you 10% because the tax m...
by PVW
Fri Jan 11, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1649

Re: What is an appropriate retirement gift?

Gift cards don't feel right for a retirement gift. I'd probably just give an amount that was insignificant to my budget - say $50 or $100. Just enough that it doesn't attract attention or indicate that I feel a gift card is improper. I think I have only ever given 1 retirement gift. If any gifts are...
by PVW
Tue Jan 08, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Job Loss Checklist
Replies: 19
Views: 2486

Re: Job Loss Checklist

From the looks of it, I will get about 19 weeks of severance, plus about 2.5 weeks of vacation payout. The severance will be payed out bi-weekly until exhausted starting on Feb 1 and there is a release required. Sometimes there is bargaining room on the severance package. It's partly goodwill from ...
by PVW
Tue Jan 08, 2019 9:23 am
Forum: Forum Issues and Administration
Topic: DNS or Hosting Issues?
Replies: 13
Views: 1268

Re: DNS or Hosting Issues?

You can always double check if the problem is the server using https://downforeveryoneorjustme.com/bogleheads.org which will be independent of your network settings. What DNS servers are you using? Over the past month or so I've noticed a couple of instances where bogleheads.org cannot be resolved ...
by PVW
Tue Jan 08, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Good kitchen mixing bowls
Replies: 17
Views: 1246

Re: Good kitchen mixing bowls

I prefer stainless steel. I have a set of glass mixing bowls, but I hardly ever use them for mixing and prep. I have Winco heavy duty deep bowls. They are sturdy and functional and have lasted more than 7 years with little sign of wear. I got the deep bowls to save on storage space. If this isn't a ...
by PVW
Thu Jan 03, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Christmas Bonus: Etiquette
Replies: 47
Views: 8347

Re: Christmas Bonus: Etiquette

I know this is a year later but I was searching about this because I gave surprise holiday/end of the year bonuses and I'm surprised and honestly upset that only 4 out of 12 thanked me. I own a small business, everyone is part time. Business did well in the beginning of December so I decided to giv...
by PVW
Thu Dec 20, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Basement minimum height requirement -- can I ignore until house sale?
Replies: 34
Views: 3061

Re: Basement minimum height requirement -- can I ignore until house sale?

Would your basement remodel require a permit and inspection? If so, then you are asking Bogleheads how to skirt your local building codes. The only suitable advice on this board is don't do it.
by PVW
Wed Dec 12, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pension being sold, advice?
Replies: 5
Views: 644

Re: Pension being sold, advice?

If you had an extra $50K to invest, what would you do with it? I would add it to my investments. The immediate annuity is absolutely terrible. At $95 per month, the payback of $50K is about 44 years. You can get a much better deal on the open market. The other lump sum payouts give you roughly a 4.5...
by PVW
Wed Dec 12, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 81
Views: 4483

Re: Donate to homeless?

In the past ,I have purchased cases of canned foods from Sams club and delivered them to a Homeless shelter. Give it a thought :happy When I have the means we make a sizable to us cash donation to the local food bank and our employer matches it dollar for dollar. The downside to this, we are bombar...
by PVW
Wed Dec 12, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 81
Views: 4483

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by PVW
Mon Dec 10, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7830

Re: Article: Your love of index funds is terrible for our economy

This part of their logical argument seems counter intuitive. Index funds contribute to market melt-ups and meltdowns [...] A big part of the problem is that big index funds like the ones representing the S&P 500 SPX, -0.09% and the Dow Jones Industrial Average DJIA, -0.18% are bunched up in the same...
by PVW
Mon Dec 10, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Rental car totalled - amex insurance issue
Replies: 25
Views: 4564

Re: Rental car totalled - amex insurance issue

H-Town wrote: Mon Dec 10, 2018 1:32 pm I thought it's automatic your fault if you drive into a flooded road. I think you dodged a bullet there and having 90% paid by AMEX.
Insurance often pays for things that are your fault.
by PVW
Mon Dec 10, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Rental car totalled - amex insurance issue
Replies: 25
Views: 4564

Re: Rental car totalled - amex insurance issue

My rental car got stuck in a flooded road and was totaled. I rent on American Express card and pay for amex premium coverage as primary and assumed it will all be taken care of. After a couple of months I heard from the car rental company that amex is paying for approx 90% of the net ACV ( actual c...
by PVW
Mon Dec 10, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7830

Re: Article: Your love of index funds is terrible for our economy

wilked wrote: Mon Dec 10, 2018 12:22 pm Did it also call Index Funders unpatriotic?
:D
If the article's tenets are true (I really have no idea), then the unpatriotic perpetrators are the active fund managers that are charging too much for too little and driving people to indexing. Supporting capitalism is very patriotic.
by PVW
Sat Dec 08, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2754

Re: What's Your Personal Inflation Rate?

Anyone who wants can use a well-established finance term of art to mean their own idiosyncratic definition, but it would be silly to suppose everybody else will understand the non-standard usage, let alone adopt it. PJW Any mathematical calculation of inflation is idiosyncratic, might as well use o...
by PVW
Fri Dec 07, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2754

Re: What's Your Personal Inflation Rate?

I'm amazed and confused at how persistently the term "inflation" is misused to refer to level of spending. Usage as in "inflated spending" is consistent with the more general definition of inflation. But I agree that it doesn't match the economics definition, and it's often difficult to tell if som...
by PVW
Fri Dec 07, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2754

Re: What's Your Personal Inflation Rate?

I don't track my personal inflation, or even my changing budget. I do believe that inflation of the goods and services I currently use is the most relevant to budgeting and financial planning. Inflation of my total budget is also important, but I can control the lifestyle creep contributions to budg...
by PVW
Fri Dec 07, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 7794

Re: Anybody Miss the Crypto Rage on BH Forums

I have a serious investment in wine. It’s quite a liquid asset. Unfortunately, my investment manager eats (err...drinks) away at my returns. In all seriousness, my wine purchases of left bank bordeaux in the 1990s would have returned over a 6x return (over 10x in some cases). And it would have been...
by PVW
Thu Dec 06, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: declining employer benefits?
Replies: 36
Views: 4298

Re: declining employer benefits?

I have lobbied past employers to do this and they all say no. It makes no sense, if I takes wife's health insurance, I save them money, so they should share some of that savings with me as an inventive for dual working families to choose the other spouses insurance. Not once have they agreed to it ...
by PVW
Thu Dec 06, 2018 12:41 pm
Forum: Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 6499

Re: Wanting to buy on the dip today didn't workout

We might be in a plunge rather than a dip. There is a reasonable chance the market will be lower on Monday than it is today.

I'm not advocating market timing, I'm just pointing out that you don't know a dip until it's over.
by PVW
Wed Dec 05, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4841

Re: Why Is Insurance Worth It (Analytically)?

I feel it has a second, perhaps more important aspect. If, by my actions or inactions, I injure somebody, or even just damage their property, the responsible thing, the right thing, is for me to compensate them, although money can never completely compensate for an injury or a death. Therefore, I v...
by PVW
Fri Nov 30, 2018 2:09 pm
Forum: Personal Investments
Topic: The first million?
Replies: 36
Views: 5981

Re: The first million?

Based on the chart in the article below, between 1936 and 2014, the 10 year average return on the S&P500 varied from about -5% to +20%. Plug in those numbers to your savings calculator and you can get a ballpark upper and lower bound on your nestegg in 10 years. But I wouldn't count on anything unti...
by PVW
Tue Nov 06, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 21
Views: 3512

Re: II - The Wall Street Math Hustle

Have my views on this, interested in others. [...] Your link contains UTM tracking codes that tell Google and other web trackers where you got the link (https://en.wikipedia.org/wiki/UTM_parameters). You should edit your link to remove the tracking info. Here is the direct link: https://www.institu...
by PVW
Thu Nov 01, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 1259

Re: Payroll experts: prorating salary calculation gone wrong?

If the employee only worked 1 day, (s)he would owe the company $2,083.33 less $192.31*11 = -$32. I know nothing about payroll standards, but if the company wants to use semi monthly pay as the standard unit of pay, then there are 23 workdays in October, so a pay unit is equivalent to 11.5 days. 2 da...
by PVW
Mon Oct 29, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 5791

Re: Should I co-sign for relative?

Why where you asked to cosign? Do you have an especially close relationship? Or are you the relative with the most money?
by PVW
Sun Oct 21, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Help with reattaching a wooden door knob
Replies: 6
Views: 545

Re: Help with reattaching a wooden door knob

A few possibilities. You can get a larger screw. Take the screw and knob to Home Depot or similar and get a screw that is the same length and just big enough to screw snugly into the existing hole. You might have to drill the door hole larger. The knob you have is probably very cheap to replace. And...
by PVW
Thu Oct 18, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 97
Views: 7436

Re: Personal Adventure - recommendations

Find Fenn's Treasure. Not too physically challenging, but should occupy your mind and provide outdoor adventure.

https://en.wikipedia.org/wiki/Fenn_treasure
by PVW
Thu Oct 18, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 3120

Re: unlicensed repair guy possibly spent our material deposit

If you know this contractor has a history of completing jobs for you or anyone else, then this sounds like a cash flow problem. He probably spent your $2K on supplies for another job (maybe the job was to pick a winning horse). Just keep pestering him - he'll eventually find another sucker to prepay...
by PVW
Tue Oct 16, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 97
Views: 7436

Re: Personal Adventure - recommendations

Bike the Great Divide Mountain Bike Route. 3,000 miles of mountain biking along the Continental Divide. I always had dreams of doing it, but the opportunity has probably passed for me.
by PVW
Mon Oct 15, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3332

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

Most of the time, she stays at my place and I can bear the cost of utility /rent whatever. However, she needs to pay about $700 per month, for her current lease, which she cannot get out off until May 2019. Read the lease carefully. Sometimes there are specific provisions for early termination. May...
by PVW
Thu Oct 11, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2973

Re: What would you do with some bulk silver?

10 pounds of silver is worth about $2000, depending on purity. If your dad wants your kids to have the actual silver, then just keep it. Might not be the best investment, but it satisfies the wishes of the giver and tangible wealth like coins might serve to increase your kids' interest in learning a...
by PVW
Thu Oct 11, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1411

Re: Lump sum instead of pension

https://www.immediateannuities.com says you could get a lifetime payout of about $350/month using your numbers ($300/month for a joint life annuity) - so the pension is a good investment compared to what you could get in the open market (right now, maybe not in the future). Sorry- I didn't quite ge...
by PVW
Thu Oct 11, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1411

Re: Lump sum instead of pension

Do you need to make a decision now? If not, you can reevaluate your position in the future based on factors such as inflation, annuity rates, your health. https://www.immediateannuities.com says you could get a lifetime payout of about $350/month using your numbers ($300/month for a joint life annui...
by PVW
Tue Oct 09, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 5587

Re: Should I, and how, act on changes in managing diet and health?

It's tough to invest in a revolution because you don't know who is going to be left standing. As a classic example, look at the internet revolution - there were a lot of good ideas that failed to pay off. Hindsight might show we are in the middle of a revolution in currency (bitcoin, etc.) but I'm n...
by PVW
Fri Oct 05, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5704

Re: can i start a private investment firm?

how is hedge fund different? is it easier to get started? how to do it legally and file taxes like other hedge funds et cetera? George Soros attended Eton College when John Major was the headmaster. Soros came from an uneducated low class, but was a savant with money and began offering his services...
by PVW
Thu Oct 04, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 7022

Re: [CNBC article: Don't expect to retire at 70]

NO, you do NOT have the current data. You are extrapolating the historical data and making (albeit intelligent) assumptions about the future to compute (guess would be better word) the average life of a baby born today. This is tautological. You have NO current data on babies life span who are born...
by PVW
Thu Oct 04, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2695

Re: When does a stock become a bond before moving back to a stock again

Sailorgirl wrote: Thu Oct 04, 2018 3:27 pm Can I name the stock?
No forum rules against it, but some people don't want to reveal too much identifying information.
by PVW
Thu Oct 04, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2695

Re: When does a stock become a bond before moving back to a stock again

:shock: :shock: :shock: How is it not an asset? It's something they expect will bring future economic benefits. It certainly isn't a liability. It may be difficult to "rebalance" it in some sort of portfolio context, but it is an asset. The BH approach to pensions is to see it as an offset to your ...
by PVW
Thu Oct 04, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 7022

Re: Is this ignorance or intentionally misleading?

The OP had it right: Bach is either ignoring or doesn’t understand the difference between a conditional probability and an unconditional probability. Which is fine: many people don’t. Those people also don’t typically publish articles in which their error is the central tenet of their argument. Per...
by PVW
Thu Oct 04, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 7022

Re: [CNBC article: Don't expect to retire at 70]

The author of the article quotes David Bach as follows... "There's this new advice out there that 70 is the new retirement age. That is ridiculous," he tells CNBC Make It. "First of all, the life expectancy for men is 76. You want to retire at 70 and have six years left to retire? Ladies, for you, ...
by PVW
Wed Oct 03, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2903

Re: Did Jeff Bezos just pull a Henry Ford?

Amazon just raised the minimum wage for its employees, about 250,000 affected workers, to $15 an hour. The company said it would also lobby Washington to raise the federal minimum wage, which has been set at $7.25 for almost a decade. As I remember the story, Henry Ford decided to pay his workers m...
by PVW
Wed Oct 03, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Home inspection- helping a friend
Replies: 12
Views: 1238

Re: Home inspection- helping a friend

Hello all, I appreciate your answers in advance. My buddy sold his house recently and the new owner of the house decided to remodel the bathroom. This new owner says he discovered leaky pipes and mold behind the walls he tore out, and is trying to sue my buddy for negligence saying he knew the leak...
by PVW
Tue Oct 02, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 55
Views: 4328

Re: Tipping

I get my hair cut by a personal friend in her home. She works as an employee in a salon but also has a professional setup in her home. She said she goes by the old rule of don't tip the owner, so I don't tip her.
by PVW
Tue Oct 02, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 6560

Re: Root of Good's cost of raising a child: $3,300 per year

Here is some more about the USDA methodology. https://www.cnpp.usda.gov/sites/default/files/crc2015_March2017.pdf From a quick look, Root of Good has used a similar methodology to calculate housing cost, but it looks like (s)he left out the cost of additional furnishings for an extra bedroom, or may...