Search found 639 matches

by MarkBarb
Sat Apr 17, 2021 9:44 am
Forum: Personal Consumer Issues
Topic: New car same price as 1 year old
Replies: 24
Views: 2124

Re: New car same price as 1 year old

I've bought new and used cars. There is no rule. It's a personal value decision.
by MarkBarb
Fri Apr 16, 2021 9:30 am
Forum: Personal Consumer Issues
Topic: Please suggest a docuseries to watch
Replies: 24
Views: 1851

Re: Please suggest a docuseries to watch

American Greed - Looks at cases where greedy criminals commit fraud on victims who are often greedy themselves.
by MarkBarb
Sat Apr 10, 2021 9:54 am
Forum: Personal Investments
Topic: Protect savings from imminent inflation?
Replies: 29
Views: 2987

Re: Protect savings from imminent inflation?

How do you know that inflation is imminent? That's a personal opinion, for the reasons I listed above I expect it to happen, just like some people assume market will go up, I assume we will be paying much more for everything starting this holiday season, and our buying power (of our dollars) will b...
by MarkBarb
Thu Apr 01, 2021 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Your Retirement Paycheck?
Replies: 14
Views: 1928

Re: Setting up Your Retirement Paycheck?

I don't do anything like a paycheck. When my checking account balance gets to about 1 months worth of bills or I anticipate a big expense, I sell some assets and stick the cash in my checking account so that I'm good for a few more months. My taxable account is mostly stocks, so that is typically wh...
by MarkBarb
Wed Mar 31, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6695

Re: Family car

Another vote for minivan. We have a Honda Odyssey and a Genesis GV80 (somewhat similar to the Palisade). In terms of practicality, there is no comparison. The minivan has much more interior volume. It's easier for kids to get in and out of. If I could pick one to use a family car, I'd go with the mi...
by MarkBarb
Tue Mar 30, 2021 8:36 am
Forum: Personal Consumer Issues
Topic: Does Honors Undergrad help Grad School Admission
Replies: 38
Views: 2822

Does Honors Undergrad help Grad School Admission

My oldest son is an honors computer science student at Big State U. He's in his Junior year and is doing great. He has as 3.9+ GPA, works as a peer teacher and a teaching assistant, and has a great relationship with the professors in his major. He had a successful internship with a major tech compan...
by MarkBarb
Sun Mar 28, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5 mil house with 5 mil net worth, too much?
Replies: 74
Views: 8488

Re: 2.5 mil house with 5 mil net worth, too much?

With two kids yet to enter college, are we spending too much on a house? Only you can answer that question. You can afford it in the sense that you will easily be able to pay for your other financial obligations. The amount is neither trivial nor so much that you are making yourself house poor. You...
by MarkBarb
Sun Mar 28, 2021 5:10 pm
Forum: Personal Investments
Topic: Why the International Total Stock Market piece?
Replies: 46
Views: 3629

Re: Why the International Total Stock Market piece?

I own international stocks because the US stock market as insurance against the US government making policy changes that substantially negatively impact US stocks. When one organization has the potential to ruin my finances, I look for ways to mitigate that exposure.
by MarkBarb
Sun Mar 28, 2021 3:42 pm
Forum: Personal Investments
Topic: The safest way to 7%?
Replies: 88
Views: 8352

Re: The safest way to 7%?

There is no safe way to earn 7%. You have to decide how much risk you are willing to take to try to achieve it. Your odds would probably be best buying a total market fund, but there would still be a good chance that will end your 10 year period below 7% and possibly even negative. If you want to be...
by MarkBarb
Wed Mar 24, 2021 9:02 pm
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 266
Views: 18243

Re: On what are you most bullish?

magicrat wrote: Thu Jan 14, 2021 11:23 pm Human ambition and ingenuity
This
by MarkBarb
Wed Mar 24, 2021 9:00 pm
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9728

Re: Transferring entire 500k taxable account to Bitcoin?

Sounds like a great idea. I wouldn't do it, but I can't think of any reasons why you shouldn't bet your life savings on bitcoin. I've always been a fan of owning stakes in income producing companies and interest bearing instruments from credit-worthy entities, but I can totally see why someone would...
by MarkBarb
Wed Mar 24, 2021 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10292

Re: How to Deal with Worry of job loss and providing for family?

It was a worry for me when I was younger. It pushed me to do three things. First, I had plenty of term life insurance. Second, I was more aggressive in my saving earlier in my career to build up a buffer for emergencies. Third, was that I focused a lot of energy into maintaining my market value. As ...
by MarkBarb
Thu Mar 18, 2021 11:33 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23992

Re: What is the BEST thing you spent money on?

Water. Cheap and I couldn't live without it.
by MarkBarb
Thu Mar 18, 2021 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Would you sell or rent out this house?
Replies: 25
Views: 1345

Re: Would you sell or rent out this house?

SELL!!! Personally, I wouldn't want to hassles of managing a rental property, particularly if it was just one. That issue is compounded by having multiple partners each of whom probably has different risk tolerances and goals. There is probably no chance in the world that, if you all had the cash, ...
by MarkBarb
Mon Mar 15, 2021 5:56 pm
Forum: Personal Consumer Issues
Topic: Re-cycling very old PC-s (not MACs) ..how about using Staples?
Replies: 37
Views: 2709

Re: Re-cycling very old PC-s (not MACs) ..how about using Staples?

You might check prices on eBay first ... You may be surprised at the prices I second this. Depending on what you have, those machines could be worth ~$100 - $300 each depending. People buy these types of machines to play older games that don't run properly on newer hardware. Someone might be willin...
by MarkBarb
Fri Mar 12, 2021 8:44 am
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10082

Re: Help please. Being forced to retire early..

I retired at the end of a year and it was very advantageous to get my severance in a separate tax year. What exactly do you mean by severance? Do you mean accrued PTO? Or did you volunteer to retire in exchange for a package? I'm asking because retiring and severance don't normally go together. Nor...
by MarkBarb
Thu Mar 11, 2021 10:05 am
Forum: Personal Investments
Topic: Should I invest in an upcoming SPAC @ $4? Usual price is $10
Replies: 58
Views: 4257

Re: Should I invest in an upcoming SPAC @ $4? Usual price is $10

Reminds of the phrase "buying a pig in a poke". Why would you invest money when you don't even know what it will be used to purchase? And why does the difference in the share price between a $4/share buy in vs a $10/share buy in matter at all?
by MarkBarb
Thu Mar 11, 2021 10:02 am
Forum: Personal Investments
Topic: Help please. Being forced to retire early..
Replies: 87
Views: 10082

Re: Help please. Being forced to retire early..

Hey, So one thing: If you're going to retire at the end of the year, do it before Christmas IMO. When my Dad's former company was doing similar shenanigans they would give their awful 'gifts' at Christmas time when they wouldn't have to hear about it. This doesn't mean that's what your company will...
by MarkBarb
Thu Mar 11, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: Have commodities been fully debunked?
Replies: 37
Views: 3260

Re: Have commodities been fully debunked?

The commodities markets are of vital importance to producers and consumers of commodities. Speculators help by providing liquidity and information to the market, but they essentially play a zero sum game. If you speculate in commodities, you are playing a zero sum game against people that have more ...
by MarkBarb
Tue Mar 09, 2021 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46801

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Seems like the biggest takeaway from this thread is to hire a good estate lawyer if you have significant assets so that they can draw up a plan that handles a lot of the tricky scenarios like widows remarrying, divorces, and stuff like that. On the other end, I would recommend not only not being fin...
by MarkBarb
Tue Mar 09, 2021 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing a relative's car for two months
Replies: 49
Views: 3042

Re: Borrowing a relative's car for two months

If my son needed a car for a couple of months, then I would sell one of my cars to him at a good price and offer to buy it back later. But you'd be paying a lot to the government in fees and taxes, no? Not if you only pay $1. Texas closed that loophole. They tax based on a formula determining the m...
by MarkBarb
Tue Mar 09, 2021 3:35 pm
Forum: Personal Investments
Topic: Would you lump sum right now?
Replies: 57
Views: 4274

Re: Would you lump sum right now?

It seems to me fairly obvious that the specific behavioral issue OP is trying to wrangle is her decreasing relative risk aversion due to what we can presume is a significant increase in her overall portfolio size, due to the 100k windfall. We don't really know what her portfolio size is, but given ...
by MarkBarb
Tue Mar 09, 2021 9:46 am
Forum: Personal Investments
Topic: IRS letter - incorrect backdoor roth?
Replies: 33
Views: 4015

Re: IRS letter - incorrect backdoor roth?

This is the letter I sent. This was written without professional guidance, so it may have been a terrible or stupid letter, but it got the job done. ------------- November 23, 2018 Internal Revenue Service STOP 6692 AUSC Austin, TX 73301-0021 Jack and Jill Name SSN: xxx-xx-xxxx and xxx-xx-xxxx Addre...
by MarkBarb
Tue Mar 09, 2021 9:26 am
Forum: Personal Investments
Topic: IRS letter - incorrect backdoor roth?
Replies: 33
Views: 4015

Re: IRS letter - incorrect backdoor roth?

I had a similar situation a few years ago. I didn't do the direct contribution/withdrawal first. I just did a backdoor. I got a letter from the IRS saying that I owed taxes on the conversion. I responded with a letter explaining what I did along with documentary evidence. The responded with a letter...
by MarkBarb
Thu Mar 04, 2021 5:11 pm
Forum: Personal Investments
Topic: Selling Property, $600-750k Capital Gain, tax help?
Replies: 19
Views: 2382

Re: Selling Property, $600-750k Capital Gain, tax help?

If you don't need the money from it, you could transfer the property to a donor advised fund and then have the fund sell it. You avoid the taxes, but the money must be donated to charity. Be cautious about waiting too long. We aren't supposed to talk about proposed or pending legislation, so I won't...
by MarkBarb
Tue Mar 02, 2021 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Paying taxes on teen's lawn mowing "business."
Replies: 14
Views: 1347

Re: Paying taxes on teen's lawn mowing "business."

Don't forget state and local sales taxes. Those rules vary from state to state. In my home state of Texas, someone that mows lawns is supposed to collect sales taxes for any mowing. There are exceptions - cemeteries, farms, and pipeline and highway rights-of-way. But if he does the work himself and ...
by MarkBarb
Sat Feb 27, 2021 6:27 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead Lessons From the Texas Winter Storm?
Replies: 226
Views: 18531

Re: Any Boglehead Lessons From the Texas Winter Storm?

...no natural gas is available. When the existing HP or oil furnace dies, I was thinking about switching to a high efficiency HP with electric strips as backup. This is in the Philly area. ... It seems weird that you can't get natural gas in Philly given that PA is a huge producer of natural gas. I...
by MarkBarb
Sat Feb 27, 2021 2:46 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17395

Re: best wristwatch for the price

Rolex Oyster Perpetual Datejust. You could probably get a pre-owned one for around $4,000-$5,000. Not a bad idea, considering you can probably sell that $5k Rolex for $5k should you ever need to. OTOH the $200 watch instantly depreciates to zero when you walk out of the store. Get what you can affo...
by MarkBarb
Sat Feb 27, 2021 2:30 pm
Forum: Personal Investments
Topic: Too High to Buy?
Replies: 51
Views: 5913

Re: Too High to Buy?

So, here we are, at the tail end of February. Stocks seem VERY expensive to me right now, but should I start to buy again? Or wait just a little more for the inevitable drop, even if it's not a huge drop? :confused Why do you say that "stocks seem VERY expensive"? And if you believe that,...
by MarkBarb
Sat Feb 27, 2021 10:44 am
Forum: Non-US Investing
Topic: Why does the Forum recommend International Stocks yet dismiss Gold?
Replies: 101
Views: 7320

Re: Why does the Forum recommend International Stocks yet dismiss Gold?

I thought this post was odd because I don’t think of international stocks and gold as comparable. I have international stocks because I want to own stocks. I want my share of their earnings. Holding gold doesn’t give me that. Imagine that you run into someone that has all their equities in tech stoc...
by MarkBarb
Fri Feb 26, 2021 6:34 pm
Forum: Personal Investments
Topic: 401k: Can Employer Contributions be Rolled Out?
Replies: 5
Views: 508

Re: 401k: Can Employer Contributions be Rolled Out?

You can move it all to your new company's 401K if you change employers.
by MarkBarb
Fri Feb 26, 2021 12:27 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17395

Re: best wristwatch for the price

Rolex Oyster Perpetual Datejust. You could probably get a pre-owned one for around $4,000-$5,000. Not a bad idea, considering you can probably sell that $5k Rolex for $5k should you ever need to. OTOH the $200 watch instantly depreciates to zero when you walk out of the store. Get what you can affo...
by MarkBarb
Thu Feb 25, 2021 8:30 pm
Forum: Investing - Theory, News & General
Topic: Selling all holdings in a MF to get equivalent ETF. How risky right now?
Replies: 19
Views: 1159

Re: Selling all holdings in a MF to get equivalent ETF. How risky right now?

Watch out for capital gains. If you sell the MFs and buy the ETFs at a loss, it will probably be considered a wash sale and you won't be able to take a capital loss. On the other hand, if you sell your MFs for a gain, you will have to pay capital gains taxes on the gains. It doesn't seem fair, but t...
by MarkBarb
Mon Feb 22, 2021 7:26 pm
Forum: Personal Consumer Issues
Topic: Questions regarding carpet damage due to storm
Replies: 15
Views: 838

Re: Questions regarding carpet damage due to storm

There is a big difference between rising water and water from leaking or broken pipes. It is different both in physical terms and insurance terms. A clean water flood taken care of quickly often results in no damage to carpets and rugs. We had a washing machine overflow and flood our house and we we...
by MarkBarb
Mon Feb 22, 2021 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Most "vanguard like" HSA provider
Replies: 51
Views: 4652

Re: Most "vanguard like" HSA provider

I would say Fidelity, but their website is good and their staff is very helpful, so I don't know if it qualifies as "Vanguard like".
by MarkBarb
Mon Feb 22, 2021 7:13 pm
Forum: Investing - Theory, News & General
Topic: Calling All Prognosticators [10 year rate forecast]
Replies: 12
Views: 983

Re: Calling All Prognosticators

Whatever the Fed wants it to be. :wink: Unless inflation gets really out of hand, I think they will continue to enlarge the balance sheet and keep it below 2%. 1.9% It is hard for the Fed to control the 10-year. They effectively set short term rates, but not long term rates. If they set short term ...
by MarkBarb
Mon Feb 22, 2021 12:40 pm
Forum: Personal Consumer Issues
Topic: Considering Genesis SUV - any Bogleheads own Genesis vehicles?
Replies: 39
Views: 3140

Re: Considering Genesis SUV - any Bogleheads own Genesis vehicles?

I'm in the process of buying a GV80. Had to buy it 1,500 miles from home to get a decent deal on one. I'll give an update after I drive it home. Mind if I ask what kind of deal you're getting on it, relative to sticker price? We test drove one about a month ago and both the wife and I loved it. Jus...
by MarkBarb
Mon Feb 22, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Considering Genesis SUV - any Bogleheads own Genesis vehicles?
Replies: 39
Views: 3140

Re: Considering Genesis SUV - any Bogleheads own Genesis vehicles?

I'm in the process of buying a GV80. Had to buy it 1,500 miles from home to get a decent deal on one. I'll give an update after I drive it home.
by MarkBarb
Mon Feb 22, 2021 9:09 am
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 636
Views: 163579

Re: My New Car Buying Tips

If you are trying to buy a high demand car and can't find anyone nearby willing to sell without a hefty premium over MSRP, cast a wider net. If you are willing to take a trip, you can sometimes save thousands of dollars by buying from a dealer in another city where demand isn't as strong.
by MarkBarb
Fri Feb 19, 2021 4:39 pm
Forum: Personal Consumer Issues
Topic: No Heat Foods?
Replies: 92
Views: 4889

Re: No Heat Foods?

This is a source of debate between my wife and I. She hates not having a hot meal at least once or twice a day. I don't mind it. She always wants to bring a stove when camping. She likes to stop at restaurants when we are traveling. It's like heat is a major food group to her. I'm perfectly content ...
by MarkBarb
Wed Feb 17, 2021 4:32 pm
Forum: Personal Consumer Issues
Topic: Abandoning Carbonite
Replies: 12
Views: 1508

Re: Abandoning Carbonite

I'm not sure I understand what you are asking. Are you trying to get a copy of the data or are you trying to ensure that they delete the data?
by MarkBarb
Wed Feb 17, 2021 3:18 pm
Forum: Personal Consumer Issues
Topic: Busted water pipe, now what? Help a Texan out.
Replies: 187
Views: 14202

Re: Busted water pipe, now what? Help a Texan out.

We have been fortunate. After a 34 hour power outage, not one of our pipes broke. In my neighborhood, the majority of houses broken pipes. Some are as simple as broken valves on sprinkler system backflow preventers. In other cases both floors have major flood damage. A lot of people have collapsed c...
by MarkBarb
Wed Feb 17, 2021 3:13 pm
Forum: Personal Consumer Issues
Topic: Anyone have "allow lists" for email?
Replies: 3
Views: 296

Re: Anyone have "allow lists" for email?

I haven't done it, but it can be done. Most domain hosting services that I have used (including Google) allow you to set up e-mail aliases. If an e-mail gets sent to vanguard@tiredofspam.com, it forwards it on to whatever address you have listed. You can then set up rules on your mail client that sa...
by MarkBarb
Wed Feb 17, 2021 3:09 pm
Forum: Personal Investments
Topic: Laid-off, what should I do with my 401k?
Replies: 40
Views: 4124

Re: Laid-off, what should I do with my 401k?

Don't roll it to an IRA unless your 401K is really, really bad. There are two advantages to keeping it in an IRA. The first is that it better for backdoor Roth IRA contributions. If your income reaches a level beyond which you can make Roth contributions, you can use backdoor technique. To do, you m...
by MarkBarb
Tue Feb 16, 2021 7:47 pm
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14645

Re: Changes to LastPass free

I like KeePass. It's free. It's Open Source. It's file based, so I use DropBox to sync my file on all my devices. In addition to passwords, I store scans of key documents like my passport, driver's license, insurance cards, etc.
by MarkBarb
Tue Feb 16, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Worth going from 30 year 3.25% to 30 year 2.75% (in year 5)
Replies: 22
Views: 1944

Re: Worth going from 30 year 3.25% to 30 year 2.75% (in year 5)

Why not take the new 30 year but party it at a rate that pays it off in 25 years? Let me make sure I understand. You are saying essentially is amortize the loan to pay off in 25 years, or pay the difference ? I am in roughly your situation. At year 5 of a 30 year loan, I refinanced my 4% loan to 2....
by MarkBarb
Tue Feb 16, 2021 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Worth going from 30 year 3.25% to 30 year 2.75% (in year 5)
Replies: 22
Views: 1944

Re: Worth going from 30 year 3.25% to 30 year 2.75% (in year 5)

Why not take the new 30 year but party it at a rate that pays it off in 25 years?
by MarkBarb
Tue Feb 16, 2021 6:53 am
Forum: Personal Consumer Issues
Topic: Busted water pipe, now what? Help a Texan out.
Replies: 187
Views: 14202

Re: Busted water pipe, now what? Help a Texan out.

No broken pipes here yet, but we have been without power for 24 hours. The house is very child now. Temps in the teens outside. The roads are very icy. No prediction on when we may get power again. Could be any minute or it could be days away. We are dripping our faucets. We have a gas fire in the f...
by MarkBarb
Sat Feb 13, 2021 6:45 pm
Forum: Forum Issues and Administration
Topic: Ban the word 'inflation'
Replies: 27
Views: 2448

Re: Ban the word 'inflation'

No. Just no.
by MarkBarb
Sat Feb 13, 2021 6:45 pm
Forum: Personal Consumer Issues
Topic: Carmax minivan extended warranty
Replies: 18
Views: 1378

Re: Car max minivan extended warranty

It's like any other insurance product. It's a given that the cost of the warranty exceeds that average cost of repairs. If it didn't they wouldn't sell it. So the question is, would the need to pay for a repair be a significant financial hardship? If not, don't by the insurance.