Search found 417 matches

by Theseus
Wed Dec 06, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Best solution for digitizing documents?
Replies: 55
Views: 5669

Re: Best solution for digitizing documents?

I haven't bothered with preserving (digitally or otherwise) documents in nearly a decade. My wife many years ago pointed out that I wasted a lot of time filing everything, so I started shredding paper documents. Eventually I opted in to receiving electronic documents for everything and no longer re...
by Theseus
Tue Dec 05, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 8291

Re: Lowering My Grocery Bill

Have you considered cutting down your portion sizes? It will save you money and may make you healthier. I did that for health reasons. There was a time when I used to stuff myself when I liked something. Then I started to eat about 25% less. It took about two weeks to get used to it - you feel hungr...
by Theseus
Fri Dec 01, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2712

Re: For Musk, an Energy Feat the Size of a Football Field

Has the issue of the life of these batteries and how they will be recycled been addressed? Also I saw no real facts on the capacity of this football field sized battery bank. That's a lot of batteries to power 30k homes. Also the general public still doesn't have an understanding of how bad battery...
by Theseus
Fri Dec 01, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2712

Re: For Musk, an Energy Feat the Size of a Football Field

Has the issue of the life of these batteries and how they will be recycled been addressed? Also I saw no real facts on the capacity of this football field sized battery bank. That's a lot of batteries to power 30k homes. Also the general public still doesn't have an understanding of how bad battery...
by Theseus
Fri Dec 01, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2712

Re: For Musk, an Energy Feat the Size of a Football Field

Musk is a modern day snake oil salesman. I wouldnt touch that stock with a 10 foot pole. This may be the first time ever that he actually delivered what he promised. You've said this before and the characterization is incorrect. I can't think of anything he does that doesn't actually work. They are...
by Theseus
Fri Dec 01, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 13285

Re: Price of haircut?

$15 at the barber shop. $3-$5 tip.
by Theseus
Thu Nov 30, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Advice on HOA financial analysis
Replies: 10
Views: 893

Re: Advice on HOA financial analysis

This is such a timely thread for me. Our HOA was run by homeowners and there seem to be some spending that seemed unusual. I (and some others) got elected ourselves to the board. We are going through this ourselves. I will have more details later - probably not in the timeframe you need. But one thi...
by Theseus
Wed Nov 29, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 10845

Re: Why should I donate to my alma matter?

My main reason (without knowing any facts), some of these colleges (and mine included) have so much endowment money that I can't fathom as to why they need any more money. I have similar feelings, but at least (most?) universities are upfront about their endowments. Some public universities have sq...
by Theseus
Wed Nov 29, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 10845

Re: Why should I donate to my alma matter?

I never donate to my alma matter.

My main reason (without knowing any facts), some of these colleges (and mine included) have so much endowment money that I can't fathom as to why they need any more money.
by Theseus
Tue Nov 28, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 21560

Re: The fallacy of spending money on "experiences" vs hard assets

mak1277 wrote:
Tue Nov 28, 2017 2:36 pm
chevca wrote:
Tue Nov 28, 2017 2:32 pm
Bottom line... we all spend money on something(s) that someone else would consider a waste of money. Who cares? :happy
Amen!
Thank you for saying that!!
by Theseus
Tue Nov 28, 2017 7:54 am
Forum: Personal Consumer Issues
Topic: Luggage Update for Travel
Replies: 73
Views: 5443

Re: Luggage Update for Travel

I won't ever check a bag again. I travel carry on only and I highly recommend backback bags that easily fit in the smallest overhead bin and have comfortable padded backpack straps and a waist belt. When you get off the plane and walk up and down stairs in the airport or train station or along the ...
by Theseus
Mon Nov 27, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1919

Re: Inspiration to Work After You've Already "Won"?

First of all congratulation on "making it" at such a young age. I can relate very well to what you are going through. While not so young, I ran into the same thing at 47 and ended up selling my business at 50. While I was financially secure a lot earlier...by 47 I had lost the drive. I dragged mysel...
by Theseus
Sun Nov 26, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 3332

Re: Donor Advised Fund costs

My Fidelity advisor (Private Client Group) has indicated that they will waive the 0.6% fee considering size of my account at fidelity. You may want to ask for that - it won't hurt. I want every single penny to go to the charitable causes . Certainly support the bolded phrase. Could you give a ballp...
by Theseus
Sun Nov 26, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 1012

Re: Help my kids pick a charitable cause

Probably best is something very local. Some people like animals, so there are lots of animal charities which also need people to physically help them. At this time of year, the local newspapers are full of requests from charitable causes. Frankly, I'm surprised one needs to ask on bogleheads .... A...
by Theseus
Sun Nov 26, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Fund costs
Replies: 45
Views: 3332

Re: Donor Advised Fund costs

Like others on this board, and I'm sure for the same reason, I am considering funding a donor advised fund before the end of this year with several years of expected donations using highly appreciated shares of stock I've managed to accumulate over the years. I am considering Fidelity Charitable, f...
by Theseus
Sun Nov 26, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 1012

Help my kids pick a charitable cause

I need some advise from experienced bogleheads. I am giving my 12 year old and 18 year old girls $1000 each to spend on a charitable cause this year. My objective is to have them learn and be compassionate to others in life (they already are but not action oriented about it). One option is that they...
by Theseus
Sun Nov 26, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 6110

Re: if you could use only 1 investment firm...

If you qualify as a high networth client, Fidelity is very good. I have a terrific and free financial advisor. He acts as my sounding board for many areas related to finance and actually understand that I am a boglehead (without ever trying to change me). Out of curiosity....how does this happen? A...
by Theseus
Sun Nov 26, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 6110

Re: if you could use only 1 investment firm...

If you qualify as a high networth client, Fidelity is very good. I have a terrific and free financial advisor. He acts as my sounding board for many areas related to finance and actually understand that I am a boglehead (without ever trying to change me).
by Theseus
Fri Nov 24, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Update (again): Amazon "Cyber Monday Deal": Instant Pot 6-qt $74.99 (Cyber Monday-Nov 27)
Replies: 36
Views: 4881

Re: Update: Amazon "Black Friday Deal": Instant Pot 8-qt $81.99 (Black Friday-Nov 24)

Black Friday Amazon Deal, Nov 24: https://www.amazon.com/Instant-Pot-Programmable-Pressure-Steamer/dp/B01B1VC13K/ref=gbph_tit_m-2_5702_2d744a6a?smid=ATVPDKIKX0DER&pf_rd_p=7198fb53-be25-4650-95b4-f3853e625702&pf_rd_s=merchandised-search-2&pf_rd_t=101&pf_rd_i=384082011&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=H...
by Theseus
Fri Nov 24, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

Thank you. Let me review what you have sent and will get back to you if I have any questions. [/b] Let me give a fictional/hypothetical scenario - that demonstrates what we do and what you might look for and/or do. My hypothetical example uses a religious example, but the religion or denomination m...
by Theseus
Fri Nov 24, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

The project I have in mind, is to find bright kids who can not afford higher education. And fund their education. I already do this on an ad hoc basis. But I am involved in doing the due diligence and finding the candidate that meets my criteria. Once I have found the child, I just write the check ...
by Theseus
Fri Nov 24, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

Agree that you can keep expenses lower than most community foundations. They have to pay for much larger overhead. It wouldn't hurt to setup a meeting with them and find out. I would question them on how much control you would have over the funds. If you are working in a 3rd world country and need ...
by Theseus
Fri Nov 24, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

We use the Fidelity donor advised fund for our donations. When I looked into the question of setting up a private foundation a few years ago, the answer given me was that it's usually not cost effective until you get into the 8-10 MM range. As I said, we didn't go down that route and those who have...
by Theseus
Fri Nov 24, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

lin The PP makes lots of good points. Importantly, a public charity must be supported by the public . See here: http://grantspace.org/tools/knowledge-base/Nonprofit-Management/Establishment/public-support-test There are certainly groups that are set up to give to projects in one or more developing ...
by Theseus
Fri Nov 24, 2017 4:52 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

On the day when we had to reach the Everest Base Camp itself, there was a heavy snow, and trekking became unsafe because crevices were not visible and we did not have ropes and other safety equipment. I would be happy to wait for a few days until the weather had improved, but the group had a strict...
by Theseus
Thu Nov 23, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

Exactly same for me. I'm 59 and at the top of this list are: What is the excitement to the Nepal? Are you talking about climbing the highest mountain peak in the world? That would be very challenging. I am not sure if I can do it now. There are a few things that are very attractive for Nepal. 1. Fa...
by Theseus
Wed Nov 22, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

I think there are pitfalls to what you are suggesting and a better and easier way to accomplish what you want. Community foundations operate in many many communities/regions in the US. They are public charities that typically manage the assets of a various endowments according to the charitable int...
by Theseus
Wed Nov 22, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

Exactly same for me. I'm 59 and at the top of this list are: What is the excitement to the Nepal? Are you talking about climbing the highest mountain peak in the world? That would be very challenging. I am not sure if I can do it now. There are a few things that are very attractive for Nepal. 1. Fa...
by Theseus
Wed Nov 22, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

Exactly same for me. I'm 59 and at the top of this list are: What is the excitement to the Nepal? Are you talking about climbing the highest mountain peak in the world? That would be very challenging. I am not sure if I can do it now. There are a few things that are very attractive for Nepal. 1. Fa...
by Theseus
Tue Nov 21, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

I would budget $5k to setup structure, $5k-$10k annual overhead. Thank you. This is very helpful. So $5-$10k of annual overhead goes towards what kind of expenses? I am trying to keep unnecessary overhead to as close to zero as possible. What are the absolutely necessary overhead items to keep 501c...
by Theseus
Tue Nov 21, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

Yes - although I am not an accountant or tax expert, using a Donor Advised Fund (within the annual limits for charitable donations) can meet your first objectives. The (or a) question is whether there are already existing "charities" or religious entities or similar entities that are already addres...
by Theseus
Tue Nov 21, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

Re: 501(c)(3) Public-Charity or a Private Foundation?

I would NOT rely on your Fidelity rep's opinion that a DAF you control can recommend grants to a 501c3 you control. I think there was a recent thread somewhere on these forums where the opposite conclusion was mentioned. This is a lot of money. IMO, you should do your own research and/or hire an ac...
by Theseus
Tue Nov 21, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: 501(c)(3) Public-Charity or a Private Foundation?
Replies: 32
Views: 1794

501(c)(3) Public-Charity or a Private Foundation?

I have a specific cause close to my heart where I plan to spend part of my time during retirement on an ongoing basis. I plan to transfer in excess of $1 million in today's money over my life time and perhaps more. I like to transfer money that provide best tax advantage so I can stretch it as much ...
by Theseus
Tue Nov 21, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

I have a bucket list of hikes/treks I want to go on - most of them are fairly challenging (at least for me). Usually I can do once a year. If my knees support me I have 10 years in the best case. But most likely I have 3-5 years. Exactly same for me. I'm 59 and at the top of this list are: New Zeal...
by Theseus
Mon Nov 20, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 140
Views: 12237

Re: What are the things you want to do between 55 and 65?

I have a bucket list of hikes/treks I want to go on - most of them are fairly challenging (at least for me). Usually I can do once a year. If my knees support me I have 10 years in the best case. But most likely I have 3-5 years.
by Theseus
Tue Nov 14, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 4536

Re: Borrowing from parents - what interest rate?

I agree with those who said don’t do it. As soon as money is involved the dynamic of the relationship will change. And there are other aspects that come in also. I loaned money twice to family members to buy their homes with no explicit payment plan in place. One paid off quickly enough as soon as t...
by Theseus
Tue Nov 14, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 6556

Re: Keurig died...what now?

OK, I am going to share how a real cheapskate drinks coffee. I buy these(niceeshop(TM) Disposable Drawstring Seal Filter Empty Paper Tea Bags (White,M Size,Set of 100) and put my own folgers coffee into the bag- one tablespoon. I then microwave the water and teabag for 2m 55sec in a coffee cup. I a...
by Theseus
Tue Nov 14, 2017 6:41 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 6556

Re: Keurig died...what now?

Bit the dust "recently," eh? You know there are other options, eh? Wondering if you should switch brands, eh? Your username is "Howie," eh? "What now?" indeed. I would look for something more automated, compact, and easier to use. I'd prefer if it just drank the coffee for me. Your response matches...
by Theseus
Mon Nov 13, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 326
Views: 57458

Re: Any books really change your outlook on life?

While it seems geared towards women, I found The Gift of Fear to be right on - especially about what the "gut feeling or sixth sense is" , how it is developed and not ignoring it. I realized that most of the hires that were problematic in 26+ years of my career, I ignored my gut feeling and talked m...
by Theseus
Sun Nov 12, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 20098

Re: Tipping for restaurants where you order at the counter

#1 No #2 Only if I am a regular #3 Yes nisiprius: I tip on the original amount. I absolutely dislike tipping system and obligation. I wish it was part of the price and all included. However I feel it is unfair for me to "stiff" the serving staff of the tip just because they are trying to make a livi...
by Theseus
Sun Nov 12, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: What's your weighted average expense ratio?
Replies: 65
Views: 4410

Re: What's your weighted average expense ratio?

just calculated mine. 0.1839 :x My biggest offenders are - Money Market fund (SPAXX). Due to a windfall I have a large amount of cash at the moment parked in this fund that is skewing expenses. And some funds below that i had purchased before becoming a boglehead. Being in the highest tax bracket ov...
by Theseus
Sat Nov 11, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Volatility and Risk relationship
Replies: 29
Views: 2681

Re: Volatility and Risk relationship

If interested, I started a thread in the past on the issue of volatility drag. If two portfolios have the same average annual return but different volatilities, the portfolio with less volatility will have a higher terminal wealth. It’s compounded return will be greater. To me, this is a strong rea...
by Theseus
Fri Nov 10, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: Volatility and Risk relationship
Replies: 29
Views: 2681

Re: Volatility and Risk relationship

To answer the question regarding long term and short term volatility the answer is that short term volatility compounds to produce long term volatility. One has to be careful to examine the dispersion of end-point wealth to see the result rather than the deceptive "annualized" return. This article ...
by Theseus
Wed Nov 08, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 6536

Re: Eye Doctor $30 to get your Rx? Is this normal?

I just feel like going to ophthalmologist that also sells eyewear has a conflict of interest. Like a suitability standard vs. fiduciary standards for brokers. So I go to ophthalmologist that does not sell any eyewear. Her bedside manners can be a little bit better but she is extremely competent and ...
by Theseus
Wed Nov 08, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 41315

Re: Did you tell anyone you paid off your mortgage?

We told the close family members and siblings when opportunity arose or a discussion about debt/mortgage came up. Doing it publicly could have looked like rubbing it in.
by Theseus
Wed Nov 08, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Volatility and Risk relationship
Replies: 29
Views: 2681

Re: Volatility and Risk relationship

OP Here Thank you all for great comments. While I am intimately familiar with risk management discipline in my service industry (probably, impact, mitigation etc.), the volatility has me confused regarding investments. You all made me think much harder than I have in past. And since I have only one ...
by Theseus
Sun Nov 05, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Volatility and Risk relationship
Replies: 29
Views: 2681

Volatility and Risk relationship

I am trying to understand the relationship between volatility and risk as it pertains to options for different investment allocations. So those who have studied this, can you share your thoughts in the layman's terms? Is there a correlation? If so, how much of correlation is there and how do you fac...
by Theseus
Mon Oct 23, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 10246

Re: Building very high net worth

This is a very flawed way to determine what differentiates those with high net worth from those without. Most people who start businesses do not end up with high net worth, many end up with nothing - to give this as blanket advise to people is not wise. And if 8 figures is your target, there are ma...
by Theseus
Mon Oct 23, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 10246

Re: Building very high net worth

This is a very flawed way to determine what differentiates those with high net worth from those without. Most people who start businesses do not end up with high net worth, many end up with nothing - to give this as blanket advise to people is not wise. And if 8 figures is your target, there are ma...