Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
problems with comparison shopping
Old 06-14-2005, 07:35 AM   #1
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
problems with comparison shopping

In the topic about mattresses, TH mentioned that these industries obscure their products: cell phones, healthcare and mattresses. This makes it very difficult to comparison shop. I would add some financial products to this list--like annuities.

Another problem in comparison shopping is when there are no agreed upon standards. It doesn't have to be government standards--they could be industry standards as well. For example, sleeping bags are always advertised as good down to a certain temperature. I think that is all BS. I have used sleeping bags rated at 0 degrees and 30 degrees and the 30 degree bag was warmer. I understand their are no uniform standards in the industry to determine comfort at certain temperatures.


__________________

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: problems with comparison shopping
Old 06-14-2005, 09:39 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 1,573
Re: problems with comparison shopping

It's collusion. Competition is only part of "business". There is also a lot of money, probably more, to be made keeping the public ignorant or confused. That way there's always a portion of busines they can get from people thinking they're buying one thing when they are really, even after all the prudent homework and necessary research, buying something else. In fact, that righ there *IS* that "Industry Standard" you were hoping for. And it was right under your nose all along.

If they keep insisting: "Let the buyer beware" What the F does that tell us about what the sellers are really up to?

Pay no attention to the man behind the curtain.
__________________

__________________
razztazz is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 09:46 AM   #3
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: problems with comparison shopping

Well, when it comes to annuities, I'd look at it like a car lease. Being in the finance biz, all of my friends come to me to ask about financial things. One of the most common questions is how to figure out auto leases.

Why look at annuities like an auto lease? My reasoning is that if you stop looking at them like black bozes and instead decompose them into their inputs. For example, with an annuity (fixed) you only have to know the contributions or dump in, the terminal, and you can computer the IRR. Of course you have to take into effect contractual limitations and financial ratings, but that isn't too hard.

Pretty much every consumer product is slightly obscured, that's what advertising is about
__________________
saluki9 is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 10:46 AM   #4
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: problems with comparison shopping

Don't forget all the wonderful labels. Organic! Free Range! I heard that the FTC finally got around to standardizing some of these labels. I think "free range chickens" are required to have the door on the chicken coop left open part of the day.
__________________
wabmester is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 10:54 AM   #5
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: problems with comparison shopping

Lets not even start with diet drugs and "supplements"

__________________
saluki9 is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 12:13 PM   #6
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: problems with comparison shopping

Quote:
Originally Posted by saluki9
Lets not even start with diet drugs and "supplements"

I read in one of my legal journals that the FTC is working hard on trying to stop false claims that various diet methods and supplements will help someone lose weight. The article said something like 120 suits had been brought in the last 10 years by the FTC. Well that is only 12 a year on the average. False weight loss claims are promoted everywhere. Twelve suits a year won't make a dent. The FTC also said it was trying to get television and magazines to assist by not running this kind of advertising. Doesn't look like it is working too well.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 12:19 PM   #7
 
Posts: n/a
Re: problems with comparison shopping

I agree -- it's a jungle out there.
__________________
  Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 04:49 PM   #8
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: problems with comparison shopping

Make and grow your own. It's the only way to really know what you're getting (although you still might not like it).
__________________
wabmester is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 05:41 PM   #9
Moderator Emeritus
laurence's Avatar
 
Join Date: Feb 2005
Location: San Diego
Posts: 5,234
Re: problems with comparison shopping

Quote:
Originally Posted by Martha
I read in one of my legal journals that the FTC is working hard on trying to stop false claims that various diet methods and supplements will help someone lose weight. The article said something like 120 suits had been brought in the last 10 years by the FTC. Well that is only 12 a year on the average. False weight loss claims are promoted everywhere. Twelve suits a year won't make a dent. The FTC also said it was trying to get television and magazines to assist by not running this kind of advertising. Doesn't look like it is working too well.
Ugh, but who believes these claims? Doesn't anyone realize that if it were true, it would be the headline on their morning paper? "Fat A** lazy people look like supermodels after one month on Super-Pill, film at 11!" This has got to be one of those phsychological enabling relationship things, the commercials are always full of statements like, "It's may not be your fault! Eat all you want! " -it's what people want to hear.
__________________
laurence is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-14-2005, 11:19 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: problems with comparison shopping

"Fresh Chicken" can be kept at 28 degrees.

Come on, I know theres an engineer or two that can help find the problem with that
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-15-2005, 08:18 AM   #11
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: problems with comparison shopping

Quote:
Originally Posted by Laurence
Ugh, but who believes these claims? Doesn't anyone realize that if it were true, it would be the headline on their morning paper? "Fat A** lazy people look like supermodels after one month on Super-Pill, film at 11!" This has got to be one of those phsychological enabling relationship things, the commercials are always full of statements like, "It's may not be your fault! Eat all you want! " -it's what people want to hear.
Yah, I always considered this kind of advertising a joke. But it must work as there is so much of it. This is one circumstance though where I am inclined to say let the buyer beware.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-15-2005, 04:37 PM   #12
 
Posts: n/a
Re: problems with comparison shopping

I've learned that colleges also play games with hidden fees. For example, at Wash U, the meal plan is mandatory, and you pay $3,700 for $2,700 worth of food.

In other words, tuition is $1,000 more than you thought it was.

Then there's a $250 enrollment deposit that isn't returned to you until you graduate.
__________________
  Reply With Quote
Re: problems with comparison shopping
Old 06-15-2005, 06:00 PM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Re: problems with comparison shopping

Quote:
Originally Posted by th
"Fresh Chicken" can be kept at 28 degrees.

Come on, I know theres an engineer or two that can help find the problem with that
Fahrenheit, Celsius, or Kelvin?

You don't even want to know how long the military stores "meat" in freezers.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: problems with comparison shopping
Old 06-15-2005, 06:42 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: problems with comparison shopping

Degrees F.

Where I grew up, frozen meant anything under 32F...

Lady that lives across the st from my dad in sun city stores meat in her freezer until she cant tell what it was anymore. She told him she just cooks it covered in a sauce and nobody knows. He's not eating at her house anymore.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Have you finished (or started) your holiday shopping? Baxter Other topics 11 12-07-2006 06:02 PM
weak links in online shopping security wabmester Other topics 9 05-25-2006 01:24 AM
hard drive problems - reinstalling windows xp justin Other topics 19 04-11-2006 09:19 AM
Comparison Shopping for Health Services REWahoo FIRE and Money 4 01-01-2006 06:23 PM
The Church of Stop Shopping REWahoo Other topics 1 11-25-2005 07:45 PM

 

 
All times are GMT -6. The time now is 06:29 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.