Search found 973 matches

by Dieharder
Fri Dec 04, 2015 1:05 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Re: Teaching investment theory to a child

If he's interested in becoming a good investor, especially versus a speculator, that's great and the more he can learn from you now will help set him on the right path. He wants to be an inventor not an investor when he grows up, that is what he says mostly and he works on some ideas in the health ...
by Dieharder
Fri Dec 04, 2015 12:48 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Re: Teaching investment theory to a child

If he's interested in becoming a good investor, especially versus a speculator, that's great and the more he can learn from you now will help set him on the right path. He wants to be an inventor not an investor when he grows up, that is what he says mostly and he works on some ideas in the health ...
by Dieharder
Fri Dec 04, 2015 12:50 am
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Re: Teaching investment theory to a child

Just curious that he seems to know already some of what's out there and to be fairly positive about what he wants. Where is he learning this? Is he this positive about other subjects in school? I am not sure whether he's not supposed to have some of these ideas, he's a straight 'A' student in schoo...
by Dieharder
Thu Dec 03, 2015 8:01 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Re: Teaching investment theory to a child

One other thing I would mention is that when he said "I want to buy AAPL", did you say, "You can have AAPL as well as thousands of other companies too"? In other words, I think too many people look at investing as an "either/or" rather than an "and". He doesn...
by Dieharder
Thu Dec 03, 2015 2:43 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Re: Teaching investment theory to a child

I guess I would just ask if there is a reason you are letting him run his experiment with real money? Fake money will have no real learning impact, he will go with classic behavioral assumption that he would do well with real money and the fake money contest didn't show his real skill. I know the r...
by Dieharder
Thu Dec 03, 2015 2:20 pm
Forum: Investing - Theory, News & General
Topic: Teaching investment theory to a child
Replies: 30
Views: 1959

Teaching investment theory to a child

My son turned 13 this year and we have been discussing investments and finance lately. I have explained the basics of capital markets in bits and pieces to him, as much as a 13 year olds attention span on these topics can tolerate. The good thing is that most of these topics are initiated by him. An...
by Dieharder
Thu Dec 03, 2015 2:06 pm
Forum: Investing - Theory, News & General
Topic: Fairholme (FAIRX) warning
Replies: 44
Views: 5443

Re: Picking Fund Managers ?

Just say no to active funds, especially concentrated ones. Best wishes. Unfortunately the only way to get any significant advantage through active management is to invest in the concentrated ones. Then you get the problem of not knowing whether the manager has skill or was it luck. The only way to ...
by Dieharder
Thu Dec 03, 2015 8:59 am
Forum: Personal Consumer Issues
Topic: What is the "Honda Accord" of bicycles?
Replies: 78
Views: 8321

Re: What is the "Honda Accord" of bicycles?

If you are looking for a casual ride on pavements and occasional dirt path with your daughter or family, then it doesn't matter which brand you buy, they are all made in a couple of the same Chinese factory as another person pointed out. The only thing I would do is avoid the big box stores and get ...
by Dieharder
Wed Dec 02, 2015 9:47 pm
Forum: Investing - Theory, News & General
Topic: Fairholme (FAIRX) warning
Replies: 44
Views: 5443

Re: Fairholme (FAIRX) warning

Is this a popular fund? If so, why? I see it has an expense ratio of 1%. I also see that it currently has 25% of assets in cash. Of the equity portfolio, about half is invested in just 5 funds. It is classified one of those "non-diversified" funds, according to the 1940 Securities Act def...
by Dieharder
Wed Dec 02, 2015 9:30 pm
Forum: Personal Consumer Issues
Topic: Buying Acura MDX from Carmax
Replies: 6
Views: 1313

Re: Buying Acura MDX from Carmax

Carmax is fine. I have sold two cars to them in last 10 years, and bought none. But you should know they charge more than what you could get from a dealer with a little bit of negotiation, and in many cases these days internet price listed by dealers is better than Carmax, if not you can always ask ...
by Dieharder
Wed Dec 02, 2015 5:07 pm
Forum: Personal Consumer Issues
Topic: "Congratulations on your purchase!" (But why?)
Replies: 27
Views: 4840

Re: "Congratulations on your purchase!" (But why?)

Does your daughter get some level of enjoyment or happiness from these equestrian events? And do you in turn get some level of enjoyment or happiness from seeing your daughter happy? The truck and trailer are tools that enable that happiness and money is a tool that enables those. It is really cong...
by Dieharder
Wed Dec 02, 2015 4:12 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 296
Views: 45317

Re: OPM breach and credit freeze

I called up Vanguard to understand what measures they could do to protect the accounts. Most of it are well known to people on this forum, but still re-iterating. - Online access can be strengthened with 2F authentication and two options to receive security code - You can select the option to have s...
by Dieharder
Tue Dec 01, 2015 8:08 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 296
Views: 45317

Re: OPM breach and credit freeze

If you freeze credit then even the protection service offered cannot be enabled? What exactly do they do? only credit monitoring? If so, credit freeze should solve that problem I guess, since no one can apply new credit or run credit reports. Also, wondering if some accounts offer more protection th...
by Dieharder
Tue Dec 01, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 296
Views: 45317

Re: OPM breach and credit freeze

(The letter from the IRS states, however, that the account has been "marked with an identity theft indicator" so hopefully that offers some modicum of protection in the interim.) You mean all accounts that were identified as stolen has been marked with id theft indicator? If so, that make...
by Dieharder
Tue Dec 01, 2015 9:57 am
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 296
Views: 45317

Re: OPM breach and credit freeze

This may seem like a stupid question, but I am going to ask anyway. How will it be known to whoever has your social security, dob, address, and other details that you have an account with Vanguard or some other investment company? That information is not reported by credit reporting agencies, and t...
by Dieharder
Tue Dec 01, 2015 8:45 am
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 296
Views: 45317

Re: OPM breach and credit freeze

This may seem like a stupid question, but I am going to ask anyway. How will it be known to whoever has your social security, dob, address, and other details that you have an account with Vanguard or some other investment company? That information is not reported by credit reporting agencies, and th...
by Dieharder
Mon Nov 30, 2015 9:45 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)

Don't know if it was mentioned, but the GX is the US version of the Toyota Landcruiser Prado, which is a very popular "junior" land cruiser sold internationally, especially in areas where people care a lot whether they have a break-down, or difficult to navigate streets or terrain. Lexus ...
by Dieharder
Mon Nov 30, 2015 2:34 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)

UPDATE: I puchased the 2016 Lexus GX 460. Paid around $150 over invoice, $99 processing fee, TTL, and got it in exact color combination and features that I wanted. I was waiting until I had enough driving data on it to provide an update, and after 600 miles that included both short city/suburban tri...
by Dieharder
Thu Nov 26, 2015 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

I made the switch from w-2 for a large consulting company to going on my own. I FAR prefer being independent. Some thoughts: 1) I have WAY more direct control over what I'm involved in. As an employee I personally had limited control over my projects and it depended a lot on a pipeline I wasn't per...
by Dieharder
Thu Nov 26, 2015 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

An interesting thread. Having the trust and time to understand process makes me happy in a full time role. Are you happiest as a project worker or someone who is an integral part of a process? I don't see the integral part of a process part anymore, things may be different elsewhere, but I just don...
by Dieharder
Thu Nov 26, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

I will also be working for the same client I am with and along similar job responsibilities. Are you sure that this will be possible with not only your employment agreement but whatever agreement the company has with your current employer? Non-compete clauses are not allowed in some states but you ...
by Dieharder
Wed Nov 25, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

Can relate working for global consulting mega corp and then progressing to Independent consulting. If you are aware of your skills, your market area, then go for it. If you have one good client and a few fall back in the area, no need to worry too much. I have been, there and done it, so go ahead. ...
by Dieharder
Wed Nov 25, 2015 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

I was an independent contractor in IT for more many years. I'm guessing there is survivorship bias is your observations, so to balance things out: 1. customers' objective will be to pay less for you as a contractor than an employee would cost, not more. 2. if you are able to renew your contract at ...
by Dieharder
Wed Nov 25, 2015 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Re: Careerpath - switch to independant from full time employed in IT

It seems very risky to me, but if your wife's income can cover bills and insurance, it may be worth it. I also work for a consulting megacorp. I often see clients "hire" independent consultants on project teams due to their specific skill set. Seems like a tough life to me: always looking...
by Dieharder
Wed Nov 25, 2015 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Careerpath - switch to independant from full time employed in IT
Replies: 15
Views: 1385

Careerpath - switch to independant from full time employed in IT

I am considering a major shift, and need some opinion from those who have done it. I have been in IT for nearly 22 years and currently work as consultant for a global consulting mega corp. The name recognition and respect that comes along with it are great, but the salary growth and carrer growth ar...
by Dieharder
Tue Nov 24, 2015 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: How many credit inquiries is "too many?"
Replies: 10
Views: 1606

Re: How many credit inquiries is "too many?"

Once you have above 740 or 750 which is what is needed for best credit, then it doesn't matter whether you are 775 or 850.
by Dieharder
Tue Nov 24, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 5447

Re: GEICO Umbrella- Almost Too Good to be True

It's cheap because no one actually seems to be needing it. I used to have one that was similarly low priced and then I realized I am simply carrying something that I don't need. How do you define it as something you don't need. You don't need most insurance until you do . Insurance companies are ve...
by Dieharder
Tue Nov 24, 2015 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 5447

Re: GEICO Umbrella- Almost Too Good to be True

It's cheap because no one actually seems to be needing it. I used to have one that was similarly low priced and then I realized I am simply carrying something that I don't need. How do you define it as something you don't need. You don't need most insurance until you do . Insurance companies are ve...
by Dieharder
Tue Nov 24, 2015 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: DFFVX [DFA U.S. Targeted Value Institutional Class]
Replies: 14
Views: 2051

Re: DFFVX

I have owned it since 2005, so I know couple of things about it, and I have to say some of the answers here are not correct. I do not know if Vanguard Small Value of late has started looking more like DFFVX, but it is more closer to it's cousin DFA Small Value, meaning both have deeper factor loads....
by Dieharder
Tue Nov 24, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 5447

Re: GEICO Umbrella- Almost Too Good to be True

It's cheap because no one actually seems to be needing it. I used to have one that was similarly low priced and then I realized I am simply carrying something that I don't need. How do you define it as something you don't need. You don't need most insurance until you do . Insurance companies are ve...
by Dieharder
Tue Nov 24, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella- Almost Too Good to be True
Replies: 36
Views: 5447

Re: GEICO Umbrella- Almost Too Good to be True

It's cheap because no one actually seems to be needing it. I used to have one that was similarly low priced and then I realized I am simply carrying something that I don't need.
by Dieharder
Sat Nov 21, 2015 1:00 pm
Forum: Personal Consumer Issues
Topic: What car would you buy today for $6000?
Replies: 57
Views: 5523

Re: What car would you buy today for $6000?

Here is one of the several listings I found for the Prius:

https://washingtondc.craigslist.org/nva ... 22639.html

There will be many more if you look in your area and they are good for 300K miles with just regular maintenance and gives great gas mileage.
by Dieharder
Sat Nov 21, 2015 12:54 pm
Forum: Personal Consumer Issues
Topic: What car would you buy today for $6000?
Replies: 57
Views: 5523

Re: What car would you buy today for $6000?

Toyota Prius. Very reliable and very economical, you may be able to find one from private party with around 100K miles and it should be good for another 100K miles with only oil changes.
by Dieharder
Mon Nov 16, 2015 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 35831

Re: High Earner Careers?

The percentage of SDE's making $250k is probably <1%. Except for a small handful of thought leaders at the elite companies, nobody makes $250k in base salary. To get to $250k, an SDE would have to win the RSU lottery. A more typical (median) salary for a mid career SDE is more like $150k in high CO...
by Dieharder
Sun Nov 15, 2015 2:26 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market - are you experiences losses currently?
Replies: 65
Views: 8804

Re: Total Bond Market - are you experiences losses currently?

I do not use TBM fund anymore, instead I have Short Term Bond Index fund. About 5 years back, I made a decision to shift away from intermediate type of bond funds into Short term bond funds to reduce rising rate risks. To me it doesn't matter whether I could have earned a little bit more in intermed...
by Dieharder
Tue Nov 10, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: When To Justify Expensive Wants?
Replies: 79
Views: 8561

Re: When To Justify Expensive Wants?

If I were 24 and made as much money as you did, then I wouldn't worry about driving an old beater car, get the Tesla. I started working with a new colleague on a project a while ago, it was only for a short couple of weeks since we were introduced and started sharing work before I had to go on an ex...
by Dieharder
Thu Nov 05, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Just for clarification, do you have funded 529s for children? Also, are you saving in more than just retirement accounts? I have 529s funded partially, and continue to do so every year, college in 6 years for 1st one, 2nd will take a while. Based on your info that you have a 7 figure portfolio and ...
by Dieharder
Mon Nov 02, 2015 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: how to buy thePRIMECAP Odyssey Growth fund
Replies: 7
Views: 1398

Re: how to buy thePRIMECAP Odyssey Growth fund

Can't buy them, closed. These guys are low profile, but have done very well. I own a couple of them run by same team for Vanguard. Primecap Core and Capital Opportunity. They have been solid performers. All of them are closed to new money.
by Dieharder
Mon Nov 02, 2015 3:26 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (October 2015)
Replies: 9
Views: 1453

Re: madsinger monthly report (October 2015)

It's been while since I saw one of these reports. Thanks for keeping them updated. It looks like the newsletter portfolios are doing very well of late, perhaps they are low on international and EM, I haven't seen the composition of one of those lately.
by Dieharder
Mon Nov 02, 2015 8:40 am
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

I did some math, and that kind of is staggering, future value of $12K initial investment with $2K annual contributions at 4% inflation adjusted returns is: $61,658. The thing that gets me is not upfront cost, but the extra gas, taxes, insurance, maintenance and repairs. As for my age, I said somewh...
by Dieharder
Sun Nov 01, 2015 9:30 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Have you calculated how much time this will add to your FI date? You need to consider the cost of the purchase plus the increase in gas, insurance, taxes, repairs, and financing (if applicable). I worked out some numbers to see what could be the actual cost over time. The upfront cost of a GX over ...
by Dieharder
Sun Nov 01, 2015 6:07 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Have you calculated how much time this will add to your FI date? You need to consider the cost of the purchase plus the increase in gas, insurance, taxes, repairs, and financing (if applicable). I worked out some numbers to see what could be the actual cost over time. The upfront cost of a GX over ...
by Dieharder
Sat Oct 31, 2015 8:25 pm
Forum: Investing - Theory, News & General
Topic: Why I respectfully reject ( some of) Mr. Bogle's advice
Replies: 51
Views: 9020

Re: Why I respectfully reject ( some of) Mr. Bogle's advice

Why on Earth would we want to trade this for 50% bonds? The very fact that you are asking this question indicates that you are unsure of your decision to stay 100% equities. If there is no need to take risk then there is no point in doing so. Also, it is possible to increase the factor risk by inve...
by Dieharder
Thu Oct 29, 2015 9:08 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Our retirement contributions are not really the topic here. So before the discussion gets off track, I wanted to clarify that we have maxed out contributions and invested in early years to build a platform, then in recent years I made a decision to cut down some of that while we needed extra funds f...
by Dieharder
Thu Oct 29, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

You want to retire early yet you're not maxing out retirement contributions and your wife "needs" a German luxury SUV? You don't need a new car. You need a marriage therapist. +100. I never understood the obsession with luxury cars. Especially the point of view that one "needs one to...
by Dieharder
Thu Oct 29, 2015 9:48 am
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

I looked around and found a fully loaded 2014 GX Luxury (w/o special order driver assist) CPO with 28,000 miles and selling for $52,991 internet price. This is around 65 miles from where I live. Called in to check the details and the dealer is very interested since he has 3 days left to close the mo...
by Dieharder
Wed Oct 28, 2015 8:59 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

OP, these SUVs are simply tools that are designed to solve a problem. What is the problem you are trying to solve? Which of these vehicles best solves that problem? If it's just reliable and comfortable transportation you are looking for, either one will do the job. Correct. These are all commoditi...
by Dieharder
Wed Oct 28, 2015 8:58 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

The Lexus doesn't have four wheel independent suspension. The front wheels do have independent suspension, but the rear is a solid axel that runs all the way across. Why does this matter? Car with four wheel independent suspension generally corner better; they can make quicker, tighter movements in...
by Dieharder
Wed Oct 28, 2015 1:57 pm
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Can't afford and don't need it. Rent an SUV for the two times a year when you can't fit everyone in your current cars (seriously, how often does that actually happen?) Or use Uber. Or take two cars. want =/ need Your desire to max out your retirement should be much stronger than driving a Lexus GX ...
by Dieharder
Wed Oct 28, 2015 11:31 am
Forum: Personal Consumer Issues
Topic: Help me decide between Lexus GX460 and Toyota Highlander (Hybrid/Non-Hybrid)
Replies: 75
Views: 14403

Re: Help me decide between Lexus GX460 and Highlander Hybrid

Hi - I have a Lexus GX 460 - I like it a lot for a truck based SUV- and it has been reliable. However, the maintenance costs at the dealer are pretty high. For example, it is almost always $100 for service at the dealer for every visit - which is more expensive than a non luxury auto. In addition, ...