Search found 6454 matches

by bottlecap
Mon Apr 19, 2021 7:36 am
Forum: Investing - Theory, News & General
Topic: If active investing is foolish, why do we utterly, blindly trust active investors (fools) to set prices for us?
Replies: 12
Views: 1006

Re: If active investing is foolish, why do we utterly, blindly trust active investors (fools) to set prices for us?

This would seem a question one could answer for themselves, but here goes. Active inventive is not foolish, but over time and after costs, it is very difficult for it to beat passive investing.

JT
by bottlecap
Tue Apr 13, 2021 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 137
Views: 12291

Re: Any happy lawyers out there?

If you’re going to go to law school, you have to have a plan - especially because you are currently happy and don’t need the money. Going into "big law" is a crappy plan unless you are a grinder, very good at politics, or will have a good niche that few others can do (patent law, for insta...
by bottlecap
Wed Apr 07, 2021 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4279

Re: Tax bill split between spouses

I agree with protagonist as well. Ironically, it seems like this arrangement was to avoid having tough relationship discussions around finance and that very avoidance has created a bigger relationship problem. It’s easy to get along if you just gloss over the hard stuff ... at least until the underl...
by bottlecap
Wed Apr 07, 2021 2:28 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7154

Re: How to lose the desire of outperforming the market?

Every morning, get up and say to yourself, "I am not as smart as I think I am." Do this until you lose your urge. Then quit saying it, because you don't want it to have a negative effect on the remaining aspects of your life. The problem with people in general is that they think they're sm...
by bottlecap
Mon Apr 05, 2021 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone become bankrupt from gift contracts?
Replies: 17
Views: 1957

Re: Can someone become bankrupt from gift contracts?

I don’t know how you "unwittingly sign" a huge gift contract, whatever that may be. But yes, if you go promising a bunch of people large amounts of money and they start acting on that promise, you could be liable to follow through on your promise. Contract law varies fro state to state, ho...
by bottlecap
Mon Apr 05, 2021 6:56 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5849

Re: 2021 Check Up. 31 Years Old. NW $5M.

I think the thing that stands out to everyone is that there is absolutely no need to post dollar numbers, yet that seems to be the most prominent thing highlighted. No real facts are provided (spending habits, special circumstances) except a very young age, and the question is, “Am I doing okay?” Ab...
by bottlecap
Mon Mar 29, 2021 9:31 pm
Forum: Investing - Theory, News & General
Topic: Market crashes. Who causes them?
Replies: 42
Views: 3787

Re: Market crashes. Who causes them?

When people figure out the latest bubble has popped, there is a race for the exits. The market lags the economy. Everyone, including some of us here, will scramble to get out before everyone and their mother realizes that the markets need to clear. Professionals will exit as well, otherwise, they’ll...
by bottlecap
Mon Mar 29, 2021 9:10 pm
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5908

Re: Tankless Water Heater - Struggling to Justify

The biggest annoyance is the 40 to 60 seconds it takes to get hot.

If the expense is close (as it might be with a direct vent), you can try the tankless. Otherwise get an inexpensive tank.

JT
by bottlecap
Sun Mar 28, 2021 9:19 am
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3740

Re: Lake Wobegon's nefarious sister city

When we discuss the market, we talk about how overall, active managers under-perform the market average. The best that you can do is average. It begs the theoretical question: if there is an average, and most people under-perform, then someone has to over-perform . Not everybody can be below averag...
by bottlecap
Fri Mar 26, 2021 1:13 pm
Forum: Investing - Theory, News & General
Topic: "--Jack Bogle chose to make others richer"
Replies: 25
Views: 2951

Re: "--Jack Bogle chose to make others richer"

Wall Street is a place where Ivy-Leaguers build investment firms and collude with politicians to use regulations that create high barriers to entry by competitors. The result is that they use their big brains to extract money from their customers that would otherwise be possible in a more competitiv...
by bottlecap
Thu Mar 25, 2021 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 48
Views: 5056

Re: Should I stay or should I go?

$7 million should be enough. Do what you please and good luck!

JT
by bottlecap
Thu Mar 25, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

I guess I hate how in play money you will find 5 people going all in with you preflop when you have AA and they all have some garbage. Of course AA isn’t all that great against 5 random hands. That’s not fun and teaches you nothing. I agree. I guess the only good thing is because most of the player...
by bottlecap
Tue Mar 23, 2021 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 432
Views: 54075

Re: Tales from this insane real estate market

I hear ya, op. We're calling off our search as well.

We shoulda bought bigger ten years ago. But we tried to be responsible...

JT
by bottlecap
Tue Mar 23, 2021 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Received bogus 1099G for Unemployment Compensation never received. [SOLVED]
Replies: 9
Views: 993

Re: Received bogus 1099G for Unemployment Compensation never received.

The one silver lining to this is that the states are well aware of the rampant fraud going on with these benefits. The figure is something like 30+% of these benefits going out are fraud. The state workers likely understand this and should be able to clear it up. Be thankful you aren't employed. The...
by bottlecap
Mon Mar 22, 2021 3:51 pm
Forum: Investing - Theory, News & General
Topic: A different perspective on inflation
Replies: 25
Views: 2396

Re: A different perspective on inflation

As to the original article linked, the economist quoted rejected the threat of inflation getting ”out of control.” Last month he stated that there was in fact a threat of inflation, but we couldn't be "sure" it would come to pass. Which is it? I don't know. He tends to be on both side of t...
by bottlecap
Mon Mar 22, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10293

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

Keep your skills sharp, watch the job market, try to maintain a good professional network. I think this is key. Easier said than done, but if you continue to improve at what you do, learn new skills to improve your value, and keep a bit of a network, you can find another job. Aside from that, I rem...
by bottlecap
Sat Mar 20, 2021 9:57 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17975

Re: Why can't we have another 20 years of bull market?

"Why can't we have another 20 years of bull market?"

Best market top quote ever.

Selling Monday.

JT
by bottlecap
Fri Mar 19, 2021 7:01 pm
Forum: Personal Consumer Issues
Topic: New grill: gas vs. pellet
Replies: 50
Views: 4025

Re: New grill: gas vs. pellet

OP, the answer is if you do barbecuing, you may need both, a Weber gasser and a smoker. The smoker is for long, slow cooks requiring smoke. If you are even semi-serious about that, a smoker is warranted. Pellet smokers get the job done and are pretty easy to cook with. Now, there are pellet smokers ...
by bottlecap
Wed Mar 17, 2021 4:36 pm
Forum: Personal Consumer Issues
Topic: Irish Whiskey
Replies: 32
Views: 2921

Re: Irish Whiskey

I'd second Tullamore Dew and Redbreast. Powers, maybe.

Honestly, though, you're far better off with an American Rye or Bourbon, or even a Scotch.

Irish Whiskey just doesn't cut it by today's standards. I said it.
On St. Patrick's Day no less. Sorry, grandma!

JT
by bottlecap
Tue Mar 16, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Asking HR for a raise
Replies: 52
Views: 4944

Re: Asking HR for a raise

HR doesn't set salaries. Your manager has more influence over that. It sounds like your manager implied you are not in line for a salary bump. Start looking elsewhere. Once the process is started, ask your manager for a raise directly . If the manager declines, continue with the job search and leave...
by bottlecap
Mon Mar 15, 2021 5:31 pm
Forum: Personal Consumer Issues
Topic: Network flaw allows SMS hijacking
Replies: 26
Views: 2084

Re: Network flaw allows SMS hijacking

Concerning. But for clarification, the hacker would have to know your phone number, where your account was held, and what your username was to get anywhere with this, right? If so, that's not impossible, but pretty unlikely. JT Yes. Plus the password to whatever account the hacker is trying to acce...
by bottlecap
Mon Mar 15, 2021 5:24 pm
Forum: Personal Investments
Topic: Time for TIPS?
Replies: 11
Views: 815

Re: Time for TIPS?

I own some TIPS. I have a sneaking suspicion that I'm getting played for holding them. The government has every incentive to play down increases in the CPI and has the power to game the calculations. Perhaps that is not what is going on, but it seems like you're buying something that the seller has ...
by bottlecap
Mon Mar 15, 2021 3:50 pm
Forum: Personal Consumer Issues
Topic: Network flaw allows SMS hijacking
Replies: 26
Views: 2084

Re: Network flaw allows SMS hijacking

Concerning.

But for clarification, the hacker would have to know your phone number, where your account was held, and what your username was to get anywhere with this, right?

If so, that's not impossible, but pretty unlikely.

JT
by bottlecap
Mon Mar 15, 2021 3:05 pm
Forum: Personal Investments
Topic: Personal Capital pressures
Replies: 29
Views: 3302

Re: Personal Capital pressures

Personal capital juices their projected returns by taking more risk. They just do a really good job of hiding that, even to a trained eye.

I'd stop the process if you are happy with what you're doing. Otherwise you will pay them to take more risk for you at the age of 77, no less.

JT
by bottlecap
Mon Mar 15, 2021 2:16 pm
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

Online makes the most sense. Pokerstars has play-money games, as does America's Cardroom and a whole host of others. If I were starting out, Ed Miller would be one to read. He wrote a book called, "Getting Started in Holdem". I haven’t read it, but have read others of his, and bet it woul...
by bottlecap
Sun Mar 14, 2021 6:52 pm
Forum: Personal Consumer Issues
Topic: Baby, Wife & Car
Replies: 44
Views: 3245

Re: Baby, Wife & Car

I think it’s financially okay to buy new if you are going to drive it for 10 plus years. But many just tell themselves they will and don’t. The safety fetish is another thing I think people use to justify a financial decision. According to the web, you can get a 2017 with all the safety features of ...
by bottlecap
Fri Mar 12, 2021 7:42 pm
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

Online makes the most sense. Pokerstars has play-money games, as does America's Cardroom and a whole host of others. If I were starting out, Ed Miller would be one to read. He wrote a book called, "Getting Started in Holdem". I haven’t read it, but have read others of his, and bet it would...
by bottlecap
Wed Mar 10, 2021 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to decide about a major career change
Replies: 53
Views: 3670

Re: Preparing to decide about a major career change

Gosh, this is an entirely personal decision. I'd prefer to travel and work on my own volition, which it sounds like you can do now or will be able to do in a few years in you stick with what you are doing. If you value excitement and the unknown over freedom, go for it. Or if you value a stable care...
by bottlecap
Wed Mar 10, 2021 7:50 am
Forum: Investing - Theory, News & General
Topic: 1980s 14%+ Govt. Bonds?
Replies: 67
Views: 3987

Re: 1980s 14%+ Govt. Bonds?

Of course, that was the nominal rate. When you consider inflation, it wasn’t so great. Lots of people said the same thing about the "Maestro", Alan Greenspan. He was essentially worshipped in the media and by Wall Street. Until things went horribly wrong and he was completely disgraced. Po...
by bottlecap
Sun Mar 07, 2021 9:03 pm
Forum: Personal Consumer Issues
Topic: Cast iron cooking tips
Replies: 59
Views: 4431

Re: Cast iron cooking tips

Heat the steak in the oven at about 225 degrees until the steak gets to about 115 degrees (more if you like your steak dry and grey). If you reverse the order, more of the underlayer of the steak will be overcooked. Paint the vegetable oil (or avocado oil - basically a neutral-tasting, high smoke po...
by bottlecap
Fri Mar 05, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: Can Subaru Outback cabin and air filters get really dirty in just 3500 miles?
Replies: 77
Views: 3850

Re: Can Subaru Outback cabin and air filters get really dirty in just 3500 miles?

It is possible in the desert, I guess.

I have never seen an acorn in an air filter, no less a bunch of them that happened to defy gravity and fly up an air intake. In 3,500 miles no less.

I'd demand a refund. I wonder if they even changed them.

JT
by bottlecap
Wed Feb 24, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a break in employment?
Replies: 22
Views: 1870

Re: Can I afford a break in employment?

If you just "take it easy", I think you'll regret it. If you have a plan (such as wanting to go in a different direction or take a shot amping up your side business) that's sound, go for it. Otherwise, you're risking a lot for a "break" - which in real life few ever get to take a...
by bottlecap
Wed Feb 24, 2021 7:09 am
Forum: Investing - Theory, News & General
Topic: Is too much saving a zero sum game ?
Replies: 72
Views: 7289

Re: Is too much saving a zero sum game ?

No. Saving doesn’t hurt people or the economy. Quite the opposite. What "helps" the economy is production. You and I (and 360 million other people) can sit in my house and "recirculate" $10 by passing it back and forth (for existing goods we own if you like) for an entire year. I...
by bottlecap
Thu Feb 18, 2021 9:03 pm
Forum: Personal Consumer Issues
Topic: Squirrel Proofing a Bird Feeder
Replies: 107
Views: 3667

Re: Squirrel Proofing a Bird Feeder

When I retire, I dream of ”squirrel proofing” bird feeders with my Benjamin 392. Until then, squirrel populations will thrive and my crockpot will be empty most days.

JT
by bottlecap
Thu Feb 18, 2021 8:55 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17395

Re: best wristwatch for the price

I'd look into the Seiko 5 line or, if you want to go with a watch similar in looks and price to the timex you picked out, look at the Casio MDV106.

Or go with the timex. As long as you're not trying to impress someone else, your options are wide.

JT
by bottlecap
Sat Feb 13, 2021 5:54 pm
Forum: Personal Consumer Issues
Topic: Best Tires
Replies: 81
Views: 8730

Re: Best Tires

Check out tire rack.com to see what tires are recommended for the vehicle.

I generally go Michelin, but when my mom needed new tires, BF Goodrich had an option that apparently worked well with her vehicle, so I recommended those. Saved a few hundred bucks.

JT
by bottlecap
Fri Feb 12, 2021 8:57 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 1014
Views: 182673

Re: What’s your favorite beer(s)?

bottlecap wrote: Fri Feb 12, 2021 8:37 pm Perennial Artisan Ales' Abraxas.

Any variation of the Abraxas will do.

JT
As the thread topic changed, I'll note that this my favorite beer, definitely not a Boglehead beer. I second the Prairie Bomb for another favorite, non-Boglehead beer.

JT
by bottlecap
Fri Feb 12, 2021 8:37 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 1014
Views: 182673

Re: What’s your favorite beer(s)?

Perennial Artisan Ales' Abraxas.

Any variation of the Abraxas will do.

JT
by bottlecap
Fri Feb 12, 2021 8:12 am
Forum: Personal Consumer Issues
Topic: Help find an unbiased news source...
Replies: 90
Views: 4616

Re: Help find an unbiased news source...

It’s up to you to fact check your news, recognize, and filter out any political bias. It’s annoying sometimes, but even seemingly unbiased news comes from a particular point of view because of the education, experience and even political affiliations of those reporting the news. People are not robot...
by bottlecap
Thu Feb 11, 2021 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 96
Views: 16170

Re: Laid off!!

I'm sorry this happened to you as well. With that said, it happens to almost everyone. Almost exactly this way. It never helps anyone to have a long discussion with an employer about your termination. It only increases issues and the chance of lawsuits. Management changes and layoffs occur. Don't th...
by bottlecap
Sun Jan 31, 2021 8:50 am
Forum: Investing - Theory, News & General
Topic: WSJ attributes GameStop phenomenon to Bogle's philosophy. HA - I say NOT!
Replies: 101
Views: 9140

Re: WSJ attributes GameStop phenomenon to Bogle's philosophy. HA - I say NOT!

What a poor argument. You see, the problem is not "professional" investors taking unnecessary risk for the hopes of greater gains by failing to cover their positions, it's the public having access to the stock market at all. If we just price the individual out of the market, market risk wi...
by bottlecap
Sun Jan 31, 2021 8:33 am
Forum: Personal Consumer Issues
Topic: Electric Vehicle Tipping Point
Replies: 94
Views: 4515

Re: Electric Vehicle Tipping Point

I'd be more concerned that something replaces electric and that my electric vehicle would become worthless. Internal combustion will be around for a long time and will likely always be a viable alternative (absent prohibition by brute government force). But if something more "clean" and le...
by bottlecap
Sat Jan 30, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Direct deposit my salary into my wife's acct, does that protect against future lawsuits?
Replies: 37
Views: 3911

Re: Direct deposit my salary into my wife's acct, does that protect against future lawsuits?

Psst... they sell insurance for that.

Barring that, you’ll have to consult a lawyer in your state to find the answer.

JT
by bottlecap
Fri Jan 29, 2021 10:58 pm
Forum: Investing - Theory, News & General
Topic: Market Integrity
Replies: 10
Views: 872

Re: Market Integrity

Gee, what is different about today that the markets suddenly can be manipulated? Could it be the investment environment created by $3.5 trillion in new dollars created in 2020? Nahhhh, I'm sure its just that human nature changed and after thousands of years people got greedy and suddenly decided, &q...
by bottlecap
Wed Jan 27, 2021 7:26 pm
Forum: Investing - Theory, News & General
Topic: What Do You Consider a "Really Bad Day"?
Replies: 59
Views: 5001

Re: What Do You Consider a "Really Bad Day"?

I consider it a concept to provide people with the illusion of control their lizard brain craves.

Remember, two 1/2 really bad days equals one really bad day but triggers no action, right?

JT
by bottlecap
Tue Jan 26, 2021 7:36 pm
Forum: Personal Consumer Issues
Topic: Does TV Commercials, Online Ads and Telemarketing Affect Your Consumption Choices?
Replies: 73
Views: 2832

Re: Does TV Commercials, Online Ads and Telemarketing Affect Your Consumption Choices?

Pinotage wrote: Tue Jan 26, 2021 6:44 pm Sure they do, and they probably do a better job of it than I even realize.
They sure do work, agreed. And in ways almost none of us realize. Big money doesn’t get spent on them for nothing.

JT
by bottlecap
Mon Jan 25, 2021 9:05 pm
Forum: US Chapters
Topic: Happy 97th Birthday, Taylor Larimore
Replies: 146
Views: 6390

Re: Happy 97th Birthday, Taylor Larimore

Happy Birthday! Your impact on all of our lives is immeasurable!

JT
by bottlecap
Fri Jan 22, 2021 4:56 pm
Forum: Personal Consumer Issues
Topic: My $7,000 watch in the news!
Replies: 21
Views: 1938

Re: My $7,000 watch in the news!

I don't have a Rolex like Joe Biden, but I did pitch in to buy it for him.

So I have a bit in common with your wife, I guess.

JT
by bottlecap
Wed Jan 20, 2021 8:38 am
Forum: Investing - Theory, News & General
Topic: Do you believe in the Efficient Market Hypothesis?
Replies: 118
Views: 5866

Re: Do you believe in the Efficient Market Hypothesis?

Any hypothesis is bunk if you inaccurately state it and inartfully describe it.

JT
by bottlecap
Thu Jan 14, 2021 10:04 pm
Forum: Personal Consumer Issues
Topic: What is the correct premium to pay for a Toyota vs a Chrysler?
Replies: 53
Views: 3382

Re: What is the correct premium to pay for a Toyota vs a Chrysler?

The car market is efficient. Look at the average sale price for each. There's your premium.

The car market could be wrong because nobody knows the future. But price differences are based on all the information we collectively have and it determines the "correct" premium.

Good luck,

JT