Search found 696 matches

by WildBill
Thu Apr 15, 2021 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 174
Views: 10359

Re: First child entering college in the fall... need some advice

So, just got some great news, our oldest child has been accepted into two top US universities and will be choosing between them for her undergraduate education. (These are both private universities; we did explore our state university and we determined that for her field of study, the private schoo...
by WildBill
Fri Apr 09, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2983

Re: Are you competitive? If so, how do you compete as you get older?

Howdy Do not give in. Keep doing what you are doing until they have to drag you off. But do not be dumb. Stay in shape and accept the lower level of performance gracefully and channel the competitiveness more to maintaining fitness and form and enjoying the events rather than winning. Get lots of re...
by WildBill
Wed Apr 07, 2021 9:24 pm
Forum: Personal Consumer Issues
Topic: Talk me out of DIY Yard drain project.....
Replies: 37
Views: 3020

Re: Talk me out of DIY Yard drain project.....

Howdy When I have taken on moderate DIY projects that I had no experience with I usually ended up wishing I had not. You do not have the equipment or domain knowledge. Savings not that great. Potential for expensive damage to utilities. You will get probably it done, but there may be some drama. I a...
by WildBill
Mon Mar 29, 2021 1:54 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25251

Re: High spenders what do you spend on?

Howdy

Whiskey, women and carousing.

All self correcting downward with age, unfortunately.

Laissez les bon temps roulet

W B
by WildBill
Mon Mar 29, 2021 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 211
Views: 31178

Re: More advice for BigLaw Survivor, please?

Howdy

Good to see you back, and good to see how well things are working out for you.

Time to consider moderately aggressive IRA to Roth conversions while you remain in such a low tax bracket.

Good luck

W B
by WildBill
Thu Mar 25, 2021 9:30 am
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3787

Re: Advice on not stressing closer to retirement

I lost more than a million dollars [at one point] in 2020. If I lost a million dollars, I'd be looking for a free bus to the food bank! edit: Clearly we are not in the same tax bracket! Howdy If one had circa $4 million invested in equity assets in February 2020 one would have had a loss on paper o...
by WildBill
Tue Mar 09, 2021 1:59 pm
Forum: Personal Investments
Topic: Tools for optimizing Roth conversions?
Replies: 63
Views: 5515

Re: Tools for optimizing Roth conversions?

I agree about the AA thing as this has been noted many years ago as a flaw of i-ORP along with the workaround to keep AA the same for all accounts as a band-aid for that problem. I don't use any of the tools for long-term planning anymore. I just decide each year to convert to the top of my unavoid...
by WildBill
Thu Feb 18, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: Burst sprinkler pipe flooded apartment and soaked leather sofa
Replies: 23
Views: 1943

Re: Burst sprinkler pipe flooded apartment and soaked leather sofa

Howdy

Couch is toast. Fooling with it is overwhelmingly likely to be time and energy wasted.

Insurance will cover it minus deductible. Fuss at apartment company about covering deductible. Might work.

Smile and move on.

W B
by WildBill
Sun Feb 14, 2021 1:55 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 68961

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

I've been looking into the ARK ETFs and this forum is a place I tend to look for financial opinions. The posts I've seen here, unsurprisingly, have negative sentiments toward ARK funds. Bogleheads are happy to have money in passive low ER funds. I followed that advice for a while but it ended up le...
by WildBill
Sun Feb 14, 2021 1:34 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 827
Views: 68961

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

I've been looking into the ARK ETFs and this forum is a place I tend to look for financial opinions. The posts I've seen here, unsurprisingly, have negative sentiments toward ARK funds. Bogleheads are happy to have money in passive low ER funds. I followed that advice for a while but it ended up le...
by WildBill
Tue Feb 09, 2021 11:33 am
Forum: US Chapters
Topic: Why A Good Boglehead Must Leave The Bogleheads Forum
Replies: 180
Views: 18380

Re: Why A Good Boglehead Must Leave The Bogleheads Forum

OP has evolved into a Bogleheadian being of pure light. A Bogluminescentian. Only very few reach this level. I can only hope someday that I can leave the darkness of my impure AAPL position with the cost basis of 13.45, and become Bogluminescent like OP. I hate myself for my weakness. Howdy Know ye...
by WildBill
Tue Feb 09, 2021 12:28 am
Forum: Personal Consumer Issues
Topic: Closing on commercial real estate and house. Need help
Replies: 5
Views: 505

Re: Closing on commercial real estate and house. Need help

Hi guys, I am closing on both commercial R/E and house within a day apart. I am wondering what I should close first because i dont want closing on house or etc to affect closing on building later on or vice versa. Also is it possible to delay closing date for a home? If seller is ok? Howdy Timing o...
by WildBill
Thu Jan 21, 2021 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping around for umbrella insurance
Replies: 10
Views: 793

Re: Shopping around for umbrella insurance

I'm doing some annual financial planning and at the top of my list is securing umbrella insurance for >$25M in net worth. Has anyone done much due diligence around providers and determined the best set of options? Would be great to limit my quote-gathering from just a few of the most highly-regarde...
by WildBill
Mon Jan 18, 2021 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Worth financing car purchase (temporarily) for incentive?
Replies: 21
Views: 1472

Re: Worth financing car purchase (temporarily) for incentive?

Howdy

In same position a year ago. I told the sales guy I wanted to pay cash, he said financing I got $1500 off, I said I hate loans, he said “Dummy, take the financing and discount and pay it off next week.”

I did

W B
by WildBill
Wed Jan 13, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12504

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

Howdy All good so far. As one person noted the charge dispute process is not so great. This being the case we charge everything where we might have disputes, eg travel, rental cars and Amazon purchase and similar to AMEX Blue. AMEX has the best charge dispute goons around. Pay the bills off every mo...
by WildBill
Wed Jan 13, 2021 12:38 pm
Forum: Investing - Theory, News & General
Topic: What might cause a market correction ( 15-20% ) again
Replies: 105
Views: 8374

Re: What might cause a market correction ( 15-20% ) again

As everybody is fretting over new highs, I would like to have a somewhat different take on this. The market has gone up tremendously over the past few months and is close to all time highs. We have had a black swan event last year and hopefully things will get better on that from here on. So barrin...
by WildBill
Mon Jan 11, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Letter From the IRS
Replies: 20
Views: 2324

Re: Letter From the IRS

Why not just give them a call? Impossible to reach a human. Howdy In my experience it is certainly possible, but be prepared for about a 10-20 minute wait. I have called about seven times over the past 5 years, left phone line open while working on something else and spoke with a human. In each cas...
by WildBill
Fri Jan 08, 2021 12:08 pm
Forum: Personal Consumer Issues
Topic: products with useful lifetime warranties
Replies: 48
Views: 2498

Re: products with useful lifetime warranties

Some of the claims here are probably anecdotal and do not necessarily apply to all situations or people that had a warranty issue corrected a long time ago. The North Face warranty for example is only for manufacturing defects and workmanship - there are many stories regarding denied warranties onl...
by WildBill
Thu Jan 07, 2021 11:32 pm
Forum: Personal Consumer Issues
Topic: products with useful lifetime warranties
Replies: 48
Views: 2498

Re: products with useful lifetime warranties

Howdy

Hyundai Sonata Hybrid. Lifetime warranty for original owner.

Just had blown electrical relay replaced at 95,000 miles. Only repair it has ever needed.

Cost $0

It will outlive me.

Happy motoring

W B
by WildBill
Tue Jan 05, 2021 8:12 pm
Forum: Personal Consumer Issues
Topic: AAA - American Auto Assn - Service has gone way down
Replies: 98
Views: 8467

Re: AAA - American Auto Assn - Service has gone way down

Howdy This is all anecdotal, so here goes. Have had AAA for 20+ years, various problems and breakdowns all handled well and promptly by AAA. Most recent was on Christmas Eve, when a relay in hybrid blew, shutting car down. AAA answered promptly, no phone tree, nice lady named Vanessa who handled eve...
by WildBill
Mon Dec 21, 2020 11:26 pm
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 157
Views: 13601

Re: What are your not free but still frugal hobbies?

Golf. I play with someone who loves to gamble and is particularly bad at it. So I get paid to play golf, though the hourly rate isn't that great. Golf if you can work at course. I mow greens 2 mornings a week, about 2 hours a day, for minimum wage plus free golf and cart. I play about 4 rounds a we...
by WildBill
Mon Dec 21, 2020 11:15 pm
Forum: Personal Investments
Topic: Investing in reentry of Oil Well
Replies: 50
Views: 3237

Re: Investing in reentry of Oil Well

Howdy 45 years in the business. Deal is tax advantaged, if you need a write off. Highly unlikely to cash flow. 100K will be relatively cheap for tuition in investing in oil and gas. Positive ROI is unlikely, to put it mildly. I would not touch it with a 10 foot pole. As several have said, if this op...
by WildBill
Sat Dec 19, 2020 2:51 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 125
Views: 8703

Re: New motorcycle rider

Howdy

Organ donor card

Happy riding

W B
by WildBill
Fri Dec 18, 2020 1:07 am
Forum: Investing - Theory, News & General
Topic: Do you expect a massive surge of economic activity if/when the Covid Pandemic "resolves"?
Replies: 51
Views: 4165

Re: Do you expect a massive surge of economic activity if/when the Covid Pandemic "resolves"?

Howdy

If things work out like I hope, the spend on the party I am planning should not insignificantly affect GDP.

All Bogleheads invited, but for you bunch of cheapskates it will be BYOB.

W B
by WildBill
Wed Dec 16, 2020 7:43 pm
Forum: Personal Consumer Issues
Topic: Where to Retire?
Replies: 262
Views: 23877

Re: Where to Retire?

I find the American approach to living so refreshing. Living in a country so vast and culturally different yet still obtaining just one passport - a huge benefit. Have to say since becoming a BH I am astounded that each state had it own tax? As an Englishman - I would say generally speaking it woul...
by WildBill
Tue Dec 15, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger - next 10 years to be lower than the last 10
Replies: 147
Views: 11899

Re: Charlie Munger - next 10 years to be lower than the last 10

Howdy

Maybe next 10 years will have lower returns, maybe not.

If you do think so,what action are you going to take?
by WildBill
Fri Nov 27, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Housing once you have considerable assets
Replies: 49
Views: 4615

Re: Housing once you have considerable assets

Howdy Post is a bit confusing. As I read it you are planning to buy a house maybe in 10 years and you are trying to spec how much you can pay then based on hypothetical investment returns, or something like that? That doesn’t make much sense, so I may have missed the actual question. If that is he c...
by WildBill
Mon Nov 23, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3596

Re: If you roll your own financial analysis tools, what do you use?

Howdy

Arithmetic and rule of 72 handles 99% of the analyses.

None of it is particularly complicated, unless you insist on complicating it.

Happy figuring

W B
by WildBill
Sat Nov 21, 2020 8:20 pm
Forum: US Chapters
Topic: Are you a Boglehead?
Replies: 114
Views: 6131

Re: Are you a Boglehead?

Nah. I just hang around here to pick up girls. 🤓

W B
by WildBill
Fri Nov 20, 2020 10:37 pm
Forum: Investing - Theory, News & General
Topic: What are some good boglehead principles around real estate?
Replies: 52
Views: 6177

Re: What are some good boglehead principles around real estate?

Howdy

100K is pretty light to do much.

My advice would be to look for some guys who are putting together a syndicate or limited partnership to buy a property.

Then analyze the deal. You will learn a lot,whether or not you invest.

Good luck

W B
by WildBill
Thu Nov 19, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Happily retired but seriously considering going back to work
Replies: 78
Views: 6665

Re: Happily retired but seriously considering going back to work

Howdy

By all means go for it!

Us retired guys need all the overachievers we can get to maintain solvency of Social Security!

W B
by WildBill
Sat Nov 14, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: What are some good boglehead principles around real estate?
Replies: 52
Views: 6177

Re: What are some good boglehead principles around real estate?

Howdy I am pretty pro-real estate, having been invested in it in various forms for over 40 years. I like it for cash flow and as an inflation hedge. Different characteristics - Raw land - highly illiquid and unleveraged speculation. Minimal time consumption. Commercial real estate - Analyze on the l...
by WildBill
Thu Nov 12, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: Eliptical for home
Replies: 17
Views: 1453

Re: Eliptical for home

Howdy We turned our garage into a gym, as we are no longer going to the gym. TRX, pull up bar, mats and scrounged up dumbbells. Got a Matrix E 30 elliptical. Decent price and it looks to be very good quality. Nice piece of gear and star of the gym. Great when it rains, and for interval workouts and ...
by WildBill
Thu Nov 12, 2020 6:55 pm
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 342
Views: 24372

Re: How do YOU make coffee?

Burr grinder. Fresh grind every time. Fresh roasted beans, light or medium, from local roaster. Central America, Ethiopia, Indonesia, etc. Boil water, don't measure temperature or anything. Pour over a Melitta paper filter, currently through a Bee House ceramic filter cone. Don't weigh the beans or...
by WildBill
Tue Nov 10, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer
Replies: 128
Views: 13634

Re: Recently sold house - roof leaking, repairs didn't work, being contacted by buyer

Howdy

You are a nice guy who tried to do the right thing, but it is not working.

Not your roof anymore. Time to shut up and disengage.

W B
by WildBill
Mon Nov 09, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating affordability for the second house
Replies: 8
Views: 793

Re: Calculating affordability for the second house

If you count the principal payoff of 10k per year then it’s a positive thing financially. I can also write off depreciation on taxes. But even if it wasn’t financially positive, I would want to keep the house in SoCal in case I move back. Howdy Do some more research. You will almost certainly not b...
by WildBill
Mon Nov 02, 2020 10:39 pm
Forum: Personal Consumer Issues
Topic: Favorite Science Fiction Movies
Replies: 179
Views: 9101

Re: Favorite Science Fiction Movies

Howdy

The Man Who Fell to Earth

I thought David Bowie was awesome in the lead
by WildBill
Wed Oct 21, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 193
Views: 10923

Re: Convince us to buy our first luxury car!

Howdy I think luxury is a term that means different things to different people. For me, it means comfortable and especially reliable and hassle free. My greatest luxury is time, and dealing with time consuming/expensive automobile maintenance and repairs is something to avoid. For me Lexus = luxury....
by WildBill
Fri Oct 09, 2020 9:26 pm
Forum: Investing - Theory, News & General
Topic: Why is Large Growth disliked?
Replies: 77
Views: 8205

Re: Why is Large Growth disliked?

Why is investing in Growth shunned on this forum? It makes no sense. If you go 100% VTSAX and no International, the consensus on this forum is that you are owning the entire market, even though its only a slice and you are picking the US as a winner If you tilt Small Value, the consensus on this fo...
by WildBill
Sat Oct 03, 2020 10:30 pm
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 138
Views: 11260

Re: Dying Broke (On Purpose) Article

You may find this article about Chuck Feeney interesting. https://www.forbes.com/sites/stevenbertoni/2020/09/15/exclusive-the-billionaire-who-wanted-to-die-brokeis-now-officially-broke/#32efff693a2a Thanks for the link. I found it interesting. What a generous man..... Chuck Feeney is a mensch
by WildBill
Sat Oct 03, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Why not Real Estate instead of Stocks?
Replies: 188
Views: 17290

Re: Why not Real Estate instead of Stocks?

If this is so, why not invest in Real Estate rather then Stocks? Howdy Lots to like about real estate However: Real estate cons Lack of Liquidity Expenses - taxes, maintenance, repairs Difficult to find properties at right price Management requirement Expensive to buy and sell Potential tenant issue...
by WildBill
Sat Oct 03, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: Feedback/Tips -Texas to Grand Canyon to Utah and Back
Replies: 26
Views: 1581

Re: Feedback/Tips -Texas to Grand Canyon to Utah and Back

Howdy As many have noted, too much driving and high probability of bad weather in Co and Utah. How about shifting south a bit away from potential bad weather and driving less- Sample itinerary for a loop through southern NM, up to Grand Canyon and back through Southern Colorado Carlsbad Caverns Whit...
by WildBill
Fri Sep 25, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: What's your favorite reasonably priced gin?
Replies: 113
Views: 8545

Re: What's your favorite reasonably priced gin?

Tanqueray for a gin & tonic. Beefeater for a martini. Both great tasting and reasonably priced. After the first drink it doesn’t matter anyway :P You know what they say about martini's right? One martini is all right. Two are too many, and three are not enough. My current favorite is something ...
by WildBill
Fri Sep 18, 2020 9:15 am
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14858

Re: Anybody else enjoy sitting around and doing little in retirement?

I’m enjoying it immensely. I sleep as long as I like, then sit around all morning reading and sipping coffee. I do some light household chores in the PM, and at night I read more and watch TV, usually news and old movies, no network TV. I listen to music too. Except for the chores I haven’t worked ...
by WildBill
Thu Sep 17, 2020 8:35 pm
Forum: Personal Consumer Issues
Topic: Suggestions on how to spend $300 work exercise equipment credit
Replies: 16
Views: 1369

Re: Suggestions on how to spend $300 work exercise equipment credit

Howdy

TRX rig if you have a place to hang it and use it.
by WildBill
Tue Sep 15, 2020 6:29 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 6354

Re: Struggling Over whether to Sell my Tesla Stock

I know there is another long thread addressing a similar situation but reading through it just increases my agita. In general I am an index-fund, passive investor. But last year when I had a bit of cash in my Roth I bought some Tesla on a whim. I thought/think it is possible that it will become ext...
by WildBill
Mon Sep 14, 2020 2:29 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 17096

Re: Coping with Megacorp rat race

A few things that work for me: 1. Find a project of interest where I can have more or less complete autonomy. Usually this is a project that I pitch and team that I manage. I enjoy seeing my ideas take on a life of their own. 2. Know when you can afford to take it easy. Sometimes I'd work no more t...
by WildBill
Thu Sep 10, 2020 11:19 am
Forum: Personal Investments
Topic: Favorite 529 plan these days?
Replies: 21
Views: 1720

Re: Favorite 529 plan these days?

Howdy We started with the Nevada plan about 16 years ago when they were the cheapest on ER. Now NY is pretty good, cheaper than Nevada. That being said, Vanguard has whittled the fees down on the Nevada plan every year, and I anticipate they will continue to do so. Nevada plan is plenty cheap, and t...
by WildBill
Mon Sep 07, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 256
Views: 15851

Re: How do Bogleheads cope with FOMO?

Howdy

An knowledge of financial history and it’s vagaries and unpredictability, a recognition of my own ignorance, an investment policy of sloth, inattention and frequent napping, and frequent and moderate doses of whiskey.

Happy coping to all

W B