Search found 2624 matches

by oldfort
Tue Jun 08, 2021 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

This isn't true. My homeowner's covers libel and I'm with one of the mass market carriers. So you have a personal injury endorsement. Your anecdotal statement that your policy covers it doesn't mean my statement is false. I did not say "no homeowners policies cover it." If you insist on a...
by oldfort
Sun Jun 06, 2021 10:16 pm
Forum: Personal Consumer Issues
Topic: Hacking
Replies: 22
Views: 2231

Re: Hacking

Sounds like mental illness to me. Suggest they see a psychiatrist. The hackers with the ability to exploit rootkits are going after pipelines for $5 million in ransom, not joe blow for not enough to trigger an investigation. Perhaps. I have seen people get concerned like this before. In one case, i...
by oldfort
Sun Jun 06, 2021 9:36 pm
Forum: Personal Consumer Issues
Topic: Hacking
Replies: 22
Views: 2231

Re: Hacking

Sounds like mental illness to me. Suggest they see a psychiatrist. The hackers with the ability to exploit rootkits are going after pipelines for $5 million in ransom, not joe blow for not enough to trigger an investigation.
by oldfort
Sat May 29, 2021 10:29 pm
Forum: Personal Consumer Issues
Topic: Highjacked Sims Card / Money stolen from bank account
Replies: 44
Views: 5058

Re: Highjacked Sims Card / Money stolen from bank account

The problem isn't knowing that this case was flip-flopped 16 times in a day - the problem is knowing how often people deactivate and reactivate their phones on a normal day. Maybe this is a common occurrence as people work their way through Internet searches self-diagnosing phone problems. I would ...
by oldfort
Sat May 29, 2021 10:14 pm
Forum: Personal Consumer Issues
Topic: Highjacked Sims Card / Money stolen from bank account
Replies: 44
Views: 5058

Re: Highjacked Sims Card / Money stolen from bank account

The story doesn't sound believable to me. Wouldn't someone at the cell company see the first 15 activation and de-activations as suspicious? They did, and notified the customer; who not only appeared to have had all of their accounts compromised, but didn't do much to prevent the situation from get...
by oldfort
Sat May 29, 2021 9:54 pm
Forum: Personal Consumer Issues
Topic: Highjacked Sims Card / Money stolen from bank account
Replies: 44
Views: 5058

Re: Highjacked Sims Card / Money stolen from bank account

I was listening to a recent podcast from Clark Howard (5/26/2021 at 19 min https://clark.com/podcasts/), and the following scenario was described by a listener: 2/26/2021: Person's cell phone activated/deactivated 16 times. Happened again the next day. I feel like there are a lot of details missing...
by oldfort
Sat May 29, 2021 9:44 pm
Forum: Personal Consumer Issues
Topic: Highjacked Sims Card / Money stolen from bank account
Replies: 44
Views: 5058

Re: Highjacked Sims Card / Money stolen from bank account

I was listening to a recent podcast from Clark Howard (5/26/2021 at 19 min https://clark.com/podcasts/), and the following scenario was described by a listener: 2/26/2021: Person's cell phone activated/deactivated 16 times. Happened again the next day. I feel like there are a lot of details missing...
by oldfort
Sat May 29, 2021 9:00 pm
Forum: Personal Consumer Issues
Topic: Highjacked Sims Card / Money stolen from bank account
Replies: 44
Views: 5058

Re: Highjacked Sims Card / Money stolen from bank account

I was listening to a recent podcast from Clark Howard (5/26/2021 at 19 min https://clark.com/podcasts/), and the following scenario was described by a listener: 2/26/2021: Person's cell phone activated/deactivated 16 times. Happened again the next day. I feel like there are a lot of details missing...
by oldfort
Sat May 29, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

Umbrella insurance has an annual claim frequency in the single-digit basis points. 85% of the umbrella risk is excess auto liability, 15% is excess homeowners liability, and dropdown claims are rounding error. You're more likely to be struck by lightning. How do insurance companies price umbrella p...
by oldfort
Sun May 23, 2021 1:37 pm
Forum: Personal Consumer Issues
Topic: How do you justify family vacation costs?
Replies: 198
Views: 13155

Re: How do you justify family vacation costs?

Look at it this way. Your kids will eventually not want to be around you. Right now though, you are their hero. You only have a finite amount of time and opportunity to have “magical days” with them. And you don’t when the last time they’ll think you are cool will be. You never know when or where a...
by oldfort
Sun May 23, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

Homeowners and renters insurance policies rarely cover libel. This isn't true. My homeowner's covers libel and I'm with one of the mass market carriers. So you have a personal injury endorsement. Your anecdotal statement that your policy covers it doesn't mean my statement is false. I did not say &...
by oldfort
Sun May 23, 2021 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

hachiko wrote: Sun May 23, 2021 12:38 pm Homeowners and renters insurance policies rarely cover libel.
This isn't true. My homeowner's covers libel and I'm with one of the mass market carriers.
by oldfort
Sun May 23, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

However, this will systematically ignore the types of events that can happen but haven't happened yet, or you just don't hear the stories of them happening (possibly due to terms of settlement agreements). For very rare events, the prevalence of those effects does not necessarily represent the chan...
by oldfort
Sat May 22, 2021 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 133
Views: 11783

Re: Don’t need a PUP? [personal umbrella policy]

I never thought about umbrella policies and don't really understand them. I don't drive, or own a car or a house. Where's the line between people who need an umbrella and people who don't? You may not even qualify for an umbrella policy. I was not able to obtain one from my insurance company when I...
by oldfort
Tue May 18, 2021 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”
Replies: 152
Views: 17532

Re: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”

So many Bogleheads are out of touch by so far that they don't even realize that they're out of touch. And even then, most here are far more in touch than some, like Sam Dogen (aka the 'Financial Samurai'), who claimed not long ago that his family could not live comfortably on $250k of annual income...
by oldfort
Wed May 05, 2021 9:33 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

I just mean that the value of Bitcoin, Dogecoin, gold, and the dollar is derived in each case almost entirely from faith in their value. The difference between them is largely a matter of scale: the amount of faith people have placed in the dollar far exceeds their faith in Dogecoin. Maybe it will ...
by oldfort
Tue May 04, 2021 10:41 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

speaking of strawmen ... Asking a question is not a strawman. If my question is too hard, I'll drop it. But I'll answer yours by saying that there are quite a variety of ways that USD has been transacted in 3rd world countries for many decades. To list all of them, I might have to google that for y...
by oldfort
Mon May 03, 2021 10:54 am
Forum: Personal Consumer Issues
Topic: Drone usage
Replies: 13
Views: 988

Re: Drone usage

OldBallCoach wrote: Mon May 03, 2021 10:38 am ..anyone know how to jam up the controls on one of these drones? Maybe redirect into the lake? Thoughts?
Thread should be locked as it's not really a consumer issue. Jamming is illegal. Hacking to take control and redirect into a lake is illegal.
by oldfort
Sun May 02, 2021 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured Motorist Car Insurance - Is it Worth the Expense??
Replies: 52
Views: 4147

Re: Uninsured Motorist Car Insurance - Is it Worth the Expense??

Northern Flicker wrote: Sun May 02, 2021 7:56 pm Your passengers also can sue you by claiming that you could have prevented the accident even if you were not at fault.
If your passengers sue you, it would be covered by liability not UM/UIM.
by oldfort
Sun May 02, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need more umbrella coverage?
Replies: 20
Views: 1600

Re: Do we need more umbrella coverage?

Taxable investment accounts(not exempt): $45k Traditional IRA(exempt)s: $25k Roth IRAs(exempt): $340k Workplace Retirement Plans(probably exempt): $420k Cash(non-exempt): $125k Home Equity(at least 300k exempt): $600k (home value is about $1.1M and mortgage balance is about $500k) Cars(non-exempt):...
by oldfort
Sun May 02, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need more umbrella coverage?
Replies: 20
Views: 1600

Re: Do we need more umbrella coverage?

Well the early votes are in and they're sort of all over the map. We have two votes for looking into more coverage, two votes for not doing so, and one vote for dropping umbrella coverage all together. I welcome more feedback as now I'm really not sure what's best. The results show you the value of...
by oldfort
Sun May 02, 2021 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need more umbrella coverage?
Replies: 20
Views: 1600

Re: Do we need more umbrella coverage?

Well the early votes are in and they're sort of all over the map. We have two votes for looking into more coverage, two votes for not doing so, and one vote for dropping umbrella coverage all together. I welcome more feedback as now I'm really not sure what's best. The results show you the value of...
by oldfort
Sun May 02, 2021 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need more umbrella coverage?
Replies: 20
Views: 1600

Re: Do we need more umbrella coverage?

Ron Ronnerson wrote: Sun May 02, 2021 5:53 pm I welcome more feedback as now I'm really not sure what's best.
This forum skews to posters wealthier than you. Most, but not all, frequent boglehead posters are going to have a gross household income greater than $115k, a net worth greater than yours, or both.
by oldfort
Sun May 02, 2021 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need more umbrella coverage?
Replies: 20
Views: 1600

Re: Do we need more umbrella coverage?

I'll be in the minority which says no. If a case goes to trial and reaches a verdict, the size of the verdict should have nothing to do with your net worth, ignoring punitive damages. In principle, there's nothing preventing a $2 million or $3 million or $15 million verdict against you. Not many sch...
by oldfort
Sun May 02, 2021 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured Motorist Car Insurance - Is it Worth the Expense??
Replies: 52
Views: 4147

Re: Uninsured Motorist Car Insurance - Is it Worth the Expense??

Also note that many health policies resist covering accidents caused by a third-party. Really ? I thought they would cover any health care beyond the coverage of the other party's coverage + your own UI/under insured coverage. What don't they cover ? Long Term rehab ? [I almost never have any passe...
by oldfort
Sun May 02, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured Motorist Car Insurance - Is it Worth the Expense??
Replies: 52
Views: 4147

Re: Uninsured Motorist Car Insurance - Is it Worth the Expense??

Also note that many health policies resist covering accidents caused by a third-party. Really ? I thought they would cover any health care beyond the coverage of the other party's coverage + your own UI/under insured coverage. What don't they cover ? Long Term rehab ? [I almost never have any passe...
by oldfort
Sun May 02, 2021 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured Motorist Car Insurance - Is it Worth the Expense??
Replies: 52
Views: 4147

Re: Uninsured Motorist Car Insurance - Is it Worth the Expense??

1 in 8 drivers nationwide are uninsured. Then, there's all the drivers with minimum limits. If you suffer bodily injury and want to collect anything in the event another driver is at fault in an accident, UM/UIM is often the only realistic way of receiving compensation.
by oldfort
Sun May 02, 2021 11:06 am
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

what value would they store ? What value does gold store? (I know, it has industrial uses, but that's not what drives the price) The biggest use of gold is in jewelry. Yes. But I don't think that answers the store of value question, given how many people buy non jewelry gold, too as coins, bars, et...
by oldfort
Sat May 01, 2021 11:25 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

watchnerd wrote: Sat May 01, 2021 11:15 pm
Astones wrote: Sat May 01, 2021 11:08 pm what value would they store ?
What value does gold store?

(I know, it has industrial uses, but that's not what drives the price)
The biggest use of gold is in jewelry.
by oldfort
Sat May 01, 2021 4:55 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

I totally agree with this. I was getting lectured yesterday because apparently one cannot "invest" in real estate, gold, art, or whatever assets that don't produce income directly. What in the hell? Are there no such things as real estate investors? Just bizarre. It is a spectrum between ...
by oldfort
Wed Apr 28, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: BH like forums for medical/health related issues?
Replies: 9
Views: 1001

Re: BH like forums for medical/health related issues?

I wonder if anyone can share a forum for medical/heath issues? I'm hoping one as good as bogleheads (just wishful thinking :happy ) mayo clinic has forums but they are not that active. I'm not trying to do self diagnose or become an expert. But sometimes, you need some pointers for talk to doctor. ...
by oldfort
Tue Apr 27, 2021 12:23 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

I totally agree with this. I was getting lectured yesterday because apparently one cannot "invest" in real estate, gold, art, or whatever assets that don't produce income directly. What in the hell? Are there no such things as real estate investors? Just bizarre. It is a spectrum between ...
by oldfort
Tue Apr 27, 2021 11:15 am
Forum: Personal Consumer Issues
Topic: Buying and Installing a Safe?
Replies: 45
Views: 3641

Re: Buying and Installing a Safe?

Indeed. That's why I often suggest floor safes hidden under heavy objects. Keeping the safe hidden is the foremost step to keeping it secure. Once it is discovered, almost any safe can seemingly be broken into in under an hour with power tools. People want something that is easy to install and acce...
by oldfort
Mon Apr 26, 2021 6:13 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

.... The answer is dividends (or mathematically equivalently, buybacks). Even if a company eventually goes under, the hope is that over its lifespan, it returns tons of money to the investors, far more than the initial investment. Note that, without dividends (or stock buybacks) everything else abo...
by oldfort
Mon Apr 26, 2021 6:08 pm
Forum: Personal Consumer Issues
Topic: Buying and Installing a Safe?
Replies: 45
Views: 3641

Re: Buying and Installing a Safe?

The time rating of a TL-15 safe is the time it would take a skilled safe cracker with the appropriate tools and knowledge of the safe design to open it. The average burglar would take many times the 15 minute rating. https://www.safeandvaultstore.com/pages/burglary-ratings#TL-15 Skilled safe cracke...
by oldfort
Mon Apr 26, 2021 1:37 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 813
Views: 44797

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

FIBoston wrote: Mon Apr 26, 2021 1:30 pm "Bitcoin provides no intrinsic benefit." If everything was valued by its usefulness we would scoff at gold. Value is determined by human sentiment.
Most gold, not sitting in Central Bank vaults, goes into jewelry/art work/industrial uses.
by oldfort
Mon Apr 26, 2021 1:24 pm
Forum: Investing - Theory, News & General
Topic: Help me get a basic education in cryptocurrency
Replies: 186
Views: 13402

Re: Help me get a basic education in cryptocurrency

I'm still trying to understand what is the primary use of Bitcoin. The argument for Bitcoin having utility is entirely political. Most of the Bitcoin true believers have some version of these arguments: the Fed is printing money and hyperinflation is coming and KYC/AML regulations are bad and censo...
by oldfort
Sun Apr 25, 2021 10:50 pm
Forum: Personal Consumer Issues
Topic: Should I pursue a PhD in my chosen field?
Replies: 58
Views: 3592

Re: Should I pursue a PhD in my chosen field?

I don't need a PhD. I am happily employed at my megacorp in a dull, repetitive job that pays well. I will likely do the same job from now until retirement. I have not seen that a PhD will open any doors that are currently closed to me. P.S. I have completed two masters degrees in my field of choice...
by oldfort
Sat Apr 24, 2021 6:29 pm
Forum: Personal Consumer Issues
Topic: Buying and Installing a Safe?
Replies: 45
Views: 3641

Re: Buying and Installing a Safe?

Well I want to be able to put those documents and gold coins/bars and have it installed hidden somewhere so it would would be hard to find the safe. Is there a way to do this? Then again when you try to get into your safe installed on the floor for example, is it hard to get into? What about the wa...
by oldfort
Sat Apr 24, 2021 5:39 pm
Forum: Personal Consumer Issues
Topic: Low sodium restaurant foods
Replies: 66
Views: 4443

Re: Low sodium restaurant foods

At real restaurants (ie, those where your food is cooked when you order it), it should be possible to request that your meal is prepared with a minimum (or no) sodium. Restaurants will have the soups and deserts made before you walk in the door. Then again, the health conscious wouldn't be interest...
by oldfort
Sat Apr 24, 2021 11:40 am
Forum: Personal Consumer Issues
Topic: Buying and Installing a Safe?
Replies: 45
Views: 3641

Re: Buying and Installing a Safe?

I also never understood the idea of having a safe and not bolting it somewhere whether wall or ground. Would most agree on this? It depends on the size of the safe and why you have it. The main reason for a lot of gun safes is to keep guns away from kids. Many mid-range gun safes will be over 800 p...
by oldfort
Sat Apr 24, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

It creates a disincentive to make the choices which maximize income. I can't tell from the tone of your post, are you saying you think this is a bad thing? I read the OP's statement about career de-motivator as a fear their kids would earn less income if they knew the size of their potential inheri...
by oldfort
Fri Apr 23, 2021 10:43 pm
Forum: Investing - Theory, News & General
Topic: Recommend a good intro to cryptocurrency
Replies: 78
Views: 5402

Re: Recommend a good intro to cryptocurrency

How much should Gold be worth? (almost) same issue Gold is totally different. Gold has some intrinsic value and utility since it can be used for jewelry and some industrial uses. I cringe when I here bitcoin being compared to gold since that is a false analogy that tends to make bitcoin sound more ...
by oldfort
Fri Apr 23, 2021 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

She is not naive in that she knows her mother is a physician who makes a good living and we live in a nice house in an upscale neighborhood. But she probably has no idea what we have saved in various retirement and non-retirement accounts. Knowing his specialty, your home value, and your income, it...
by oldfort
Fri Apr 23, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

Having a parent “influence” choice of career is not the perfect solution either - people in non-profit and government provide important benefits and service for others and some do quite well for themselves. That stay at home parent raising kids might be a better use of the time and money and not to...
by oldfort
Fri Apr 23, 2021 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

Did your kids never fill out a CSS Profile for college? It requires an incredibly detailed description of family finances. The career demotivation is vastly overblown. Unless an inheritance skips a generation, like going from grandparents to grandchildren, a normal age to receive an inheritance is ...
by oldfort
Fri Apr 23, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

I probably would if they were responsible adults, gainfully employed. I would not tell younger adult children as human nature is such that anticipating abundance is a powerful demotivator. Is it? Prince Charles is 72 and his mother is still alive. If you knew you were going to get a large inheritan...
by oldfort
Fri Apr 23, 2021 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

One of our kids knows our net worth. He is the one who has interest in this area, and will manage the investment of our trusts. His motivation won’t be affected. The others will find out sooner or later, preferably later 😁. I don’t see any upside in more disclosure. If the OP wants to keep up the i...
by oldfort
Fri Apr 23, 2021 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 18230

Re: Discuss Net Worth with Adult Children

Did your kids never fill out a CSS Profile for college? It requires an incredibly detailed description of family finances. The career demotivation is vastly overblown. Unless an inheritance skips a generation, like going from grandparents to grandchildren, a normal age to receive an inheritance is i...
by oldfort
Tue Apr 20, 2021 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 7029

Re: How Long Would You Stay in a Boring Government Job?

This idea that you have to love your job is a very younger generation, romantic and for most, unrealistic notion. Yup, that's me - a very younger generation, romantic, unrealistic 67 year old. :oops: Maybe you oldsters think it's fine to "hate, hate, hate" your job. For younger folks like...