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Re: Europe travel: best card for ATM cash

Does anyone know what kind of exchange rate you get in a large retail bank in Germany, changing dollars to Euros? I normally just use my debit card at an ATM, but my bank has a 3% foreign exchange fee. I know that's better than what you get at exchange shops in airports but a retail bank branch mig...
by 64415
Sat Aug 16, 2014 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Europe travel: best card for ATM cash
Replies: 33
Views: 2030

Re: Help-Do I need a chip/pin card in europe?

"Really my biggest worry is the potential that I will not be able to withdraw cash from UK ATMs with my non-chipped Wells Fargo Visa debit card." You have nothing to worry about. The magnetic strip bank debit card from my small midwest bank worked at the majority of ATM's I tried in London...
by 64415
Sat Aug 16, 2014 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 17
Views: 1241

Re: Help-Do I need a chip/pin card in europe?

I just returned from a long trip to Europe this summer. I took a Chase Sapphire Chip and Signature, and a PenFed Chip and PIN. Both cards were accepted without any difficulties in France and England. Interestingly, I was never once asked for my PIN number on the the PenFed Chip and PIN card, I was a...
by 64415
Sat Aug 16, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 17
Views: 1241

Re: Ideas for our cross country Road Trip

When you are in Oxford Iowa you should stop at the Oxford sale barn. You will enjoy the experience, from the cadence of the auctioneers banter, to the handling of the livestock into and out of the ring, as well as observing the farmers as they bid. The food there is also quite good, very hearty coun...
by 64415
Sat May 17, 2014 6:14 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for our cross country Road Trip
Replies: 22
Views: 1538

Re: The Funniest Movie Ever

Napolean Dynamite
by 64415
Fri Jan 03, 2014 10:46 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 227
Views: 14974

Re: Boston this weekend

Thanks again for all the advice. We enjoyed Wally's jazz cafe, it had a very interesting mix of patrons unified by their appreciation of good music. The best meal we had was at Mama Maria's. i had the Osso Buco which was divine. The wine was a disappointment, but we are not familiar with Itialian wi...
by 64415
Sat Sep 14, 2013 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Boston this weekend
Replies: 25
Views: 1911

Re: Boston this weekend

Thank you so much for all the responses! I have read through each with great interest. My wife and I are very excited for our trip today. The jazz bar will definitely be on our list, as well as the Boston library, Free Tour, and maybe the canoing if the weather cooperates. I am excited to sample as ...
by 64415
Fri Sep 06, 2013 7:06 am
 
Forum: Personal Consumer Issues
Topic: Boston this weekend
Replies: 25
Views: 1911

Boston this weekend

Hi, I will be in Boston for a meeting from Thursday thru Monday. My wife and I are staying at the Fairmont Copley. I always appreciate bogleheads sharing their recommendations for restaurants and entertainment venues. We are not renting a car. We live in fly over country, so we try to emphasize ethn...
by 64415
Thu Sep 05, 2013 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Boston this weekend
Replies: 25
Views: 1911

Re: Farmland--Cash Rent or Share Crop?

I own nonirrigated farmland in the Midwest. I have 1/2 of it custom farmed and the rest I rent to a large well known AAA rated agricultural corporation for $400 per acre. With custom farming you are in effect acting as an agricultural general contractor by paying for the equipment and labor and tech...
by 64415
Mon Jul 22, 2013 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Farmland--Cash Rent or Share Crop?
Replies: 10
Views: 2523

Re: Lost a lot in stocks and starting fresh: Please Help

Congratulations on the steps to control your spending you have taken so far. I predict you will rise like a Pheonix from this mess and have a successful financial life. I want to suggest the blog mrmoneymustache.com to give you ideas on cost cutting. I think he will be of great help to you particula...
by 64415
Thu Jul 18, 2013 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12248

Waylon Jennings, some songs I like from the sober days

I was made aware of this video by a fan at a recent Merle Haggard concert (still going strong at 78 years of age). Its a medley of songs Waylon Jennings performed on TV in 1971, pay particular attention to "loving her was easier than anything I have ever done" To me it is one of the best s...
by 64415
Fri Jul 05, 2013 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Waylon Jennings, some songs I like from the sober days
Replies: 1
Views: 486

Re: Buying a suit in Chicago.

Hi Ed,

We stayed at the Ivy. Very nice, spacious well appointed rooms. Any suggestions on affordable downtown parking for the next trip to Chicago ?

Regards, Sebastian
by 64415
Sun Jun 30, 2013 11:42 am
 
Forum: Personal Consumer Issues
Topic: Buying a suit in Chicago.
Replies: 7
Views: 1126

Re: Buying a suit in Chicago.

Thanks Attila. I ended up going to Balani Custom Clothiers. I splurged on a suit and sport jacket as well as 4 shirts, three ties, and a pair of slacks to go with the sport coat . I don't need nice clothes for work, but when I travel or go out with my wife I want to look nice . I just got tired of w...
by 64415
Sat Jun 29, 2013 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Buying a suit in Chicago.
Replies: 7
Views: 1126

Buying a suit in Chicago.

Hi, I am in Chicago for the weekend while my wife attends a function. I am interested in buying a higher end suit that is tailored to my dimensions. I am fit and am interested in timeless, classic styles. Any recommendations based on first hand experience are appreciated. I am staying downtown, so w...
by 64415
Sat Jun 29, 2013 10:10 am
 
Forum: Personal Consumer Issues
Topic: Buying a suit in Chicago.
Replies: 7
Views: 1126

Re: Year Round Living on a Sandy Beach

[code][/code]

Boca Grande. It is a quiet oasis of rust belt retirees. It is far more livable than other Florida retirement destinations that are congested with east coasters. The beach is second to none.
by 64415
Fri May 24, 2013 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Year Round Living on a Sandy Beach
Replies: 55
Views: 5284

Re: Farm Income vs. Bond Income

If their annual expenses could be met in a scenario where the farm income goes down by half and the dividends from a passive diversified all equity portfolio goes down by 50% during a 50-70 % bear market, then I think there is nothing wrong with an all equity portfolio. If they can pass that scenari...
by 64415
Thu May 23, 2013 12:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Farm Income vs. Bond Income
Replies: 11
Views: 799

Re: Farmland as an investment

If you buy 13k a acre land you better plan on making your living off it, not renting it out. The money in farming right now, is in farming. We are coming off our third record profit year in a row. Considering we had one of the lowest yields in my lifetime last year that's saying something. We are k...
by 64415
Fri Jan 25, 2013 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Farmland as an investment
Replies: 39
Views: 3902

Re: Farmland as an investment

Bubbles can be difficult to spot, but the graph on the first page sure looks like a bubble. I have always thought of true bubbles as requiring easy credit/leverage to develop. Most of the current transactions are all cash. If you do borrow, the ag lenders are tightening standards. I had to put 35% ...
by 64415
Fri Jan 25, 2013 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Farmland as an investment
Replies: 39
Views: 3902

Re: Farmland as an investment

really opened my eyes to the links between soil erosion and the collapse of civilizations. Keep this in mind when you are contemplating buying organic groceries. As it pertains to corn and soybean production, organic production methods with their emphasis on maximum tillage are the equivalent of a ...
by 64415
Fri Jan 25, 2013 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Farmland as an investment
Replies: 39
Views: 3902

Re: Two Comma Club

Awesome! Congratulations on your discipline and hard work.
by 64415
Wed Jan 23, 2013 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 192
Views: 24125

Re: What was your 2012 return?

I have found it interesting to compare the time weighted returns with the time and dollar weighted returns (ie, the internal rate of return). Especially since I periodically raid my taxable accounts to buy farmground. It is a good way to quantify how well you are hardwired to "buy low and sell ...
by 64415
Fri Jan 18, 2013 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20349

Re: What was your 2012 return?

IRRC was 16.28% on an 80:20 portfolio. International is 40%, and there is an aggressive tilt to small and value.
by 64415
Thu Jan 17, 2013 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20349

Re: Can we afford it?

Good luck on your trip. I don't know if it will be of any value to you but are you familiar with the website Flyertalk. The members are usually serious travelers and list all sort of travel advice. My wife and I are going to Europe next year for our anniversary and used the award booking services o...
by 64415
Wed Jan 16, 2013 1:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford it? (International trip)
Replies: 92
Views: 6651

Re: Your most intense movie scene

The airplane crash scene in "ALIVE". Very terrifying. The rest of the movie was enjoyable for the depiction of the mental toughness required to hike out of the Andes. Robert Deniro in " The Mission" carrying the crucifix up the Igaucu Falls as penance for his years as a slaver an...
by 64415
Wed Jan 16, 2013 12:34 am
 
Forum: Personal Consumer Issues
Topic: Your most intense movie scene
Replies: 155
Views: 9405

Re: How does your Business or RE affect your diversification

With respect to investable assets I am at 65% midwestern farmland, 28% equities, 7% bonds. I target 80:20 equities:fixed income with a heavy tilt to small and value. I sleep very well in spite of the volatility of a tilted 80:20 portfolio because of the presence of the minimally leveraged farmland (...
by 64415
Tue Dec 11, 2012 3:55 pm
 
Forum: Investing - Theory, News & General
Topic: How does your Business or RE affect your diversification
Replies: 10
Views: 699

Re: Farming and Homesteading Thoughts/Advice?

If your goal is caloric self sufficiency, any 3-4 acre site in the midwest where irrigation is not required will work. My grandparents provided all their caloric needs from the bounty of the 2.5 acres surrounding their house. They gardened, canned, butchered and preserved their own hogs, beef and ch...
by 64415
Tue Nov 20, 2012 12:35 am
 
Forum: Personal Consumer Issues
Topic: Farming and Homesteading Thoughts/Advice?
Replies: 27
Views: 1589

Re: Contrarian Investing Today

Florida vacation homes are fairly unloved. I am investigating. Granted you are still making more of a luxury consumer item purchase than a true investment given the 3% annual drag from property taxes, insurance, and maintenance, but they certainly are heavily discounted. I am looking at the last sho...
by 64415
Thu Nov 15, 2012 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Contrarian Investing Today
Replies: 30
Views: 2413

Re: What would you do - $450K in farm land

[quote=]250 bu per acre on corn is expected. [/quote] I need to edit my comments, Cerro Gordo is a little further west than I realized and doesnt receive the same amount of rain as the counties to the east. They would still get 200 bu/acre in a good year, but not 250. I would still not take less tha...
by 64415
Wed Oct 03, 2012 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 2500

Re: What would you do - $450K in farm land

University of Maryland extension put out the following information for 2007 Calculating Cash Rent 1. Typical Cash Rent Iowa Area 3 County Cerro Gordo Determine Overall average $ 200 High Quality Third = $ 238 I agree with slick8503, these rates are no longer applicable. Cerro Gordo has some of the ...
by 64415
Wed Oct 03, 2012 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 2500

Re: What would you do - $450K in farm land

The farm consists of 60 acres tillable, 60 acres wood and 9 acres miscellaneous. The tenant plants corn or soybeans and we have no idea what the yield is. Fair value is approximately $275 / acre while my mother is charging approximately $125 / acre. I would not sell the farm. What is she going to p...
by 64415
Tue Oct 02, 2012 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do - $450K in farm land
Replies: 28
Views: 2500

Re: Why do people [Why Would I] live in expensive places?

Check out www. mrmoneymustache.com to see how a family of three lives lavishly on $24,000 per year.
by 64415
Sat Sep 15, 2012 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Why do people [Why Would I] live in expensive places?
Replies: 51
Views: 2464

Re: big diamond ring

I used goodoldgold 8 years ago and was happy with the experience. They have a very good website that does a good job of educating the customer. In particular there was a nice formula that a Russian mathematician/physicist created that quantifies the iridescence and scintillation a diamond will creat...
by 64415
Tue Aug 21, 2012 6:09 pm
 
Forum: Personal Consumer Issues
Topic: big diamond ring
Replies: 80
Views: 10095

Re: The most depressing financial newsletter ever

Yes, clearly there must be no shortage in the US, given that we turn 40% of our corn crop into fuel. He is referring to a global food crisis and he does say "the main contributor to reducing the food imbalance between supply and demand is once again likely to be price: more of the poor will ea...
by 64415
Sat Aug 04, 2012 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: The most depressing financial newsletter ever
Replies: 38
Views: 5897

Re: The most depressing financial newsletter ever

I'm certainly not going to tilt my portfolio to overweight $8000 per acre Iowa farmland (or canned goods and ammo) based on his analysis. Farms have gone up quite a bit from the last time you looked. There was a 160 acres around here that sold recently for $200/CSR point ( CSR=Corn Suitability Rati...
by 64415
Sat Aug 04, 2012 8:22 pm
 
Forum: Investing - Theory, News & General
Topic: The most depressing financial newsletter ever
Replies: 38
Views: 5897

Re: Note payoff delayed by buyer's remorse

You found a house you liked, you could afford it, and you bought it. You didn't make a mistake, you didn't make an error, and you didn't even make a misstep. You made your decision with the best information available to you at the time. So stop kicking yourself around. It is water over the dam, und...
by 64415
Sat Jul 21, 2012 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Note payoff delayed by buyer's remorse
Replies: 37
Views: 4353

Re: Anyone else fighting off urge to pay off mortgage??

Hi LH, Have you considered going half way by paying off half the note balance and refinancing into a fifteen year mortgage? I am in a similiar situation and that is what I did. I am now in a 3.375% 15 year note. The monthly payment is about equal to my property tax bill. I agree, there is a strong u...
by 64415
Wed Jul 04, 2012 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else fighting off urge to pay off mortgage??
Replies: 104
Views: 8867

Re: worth watchin...dr. burry ucla

I was familiar with Dr Burry from "The Big Short". After watching this video I looked at his other commencement speeches and TV interviews on You Tube. Some random observations and comments: He comments that he was in the 50th percentile of his med school class at Vanderbilt. In spite of h...
by 64415
Sun Jun 24, 2012 11:24 pm
 
Forum: Investing - Theory, News & General
Topic: worth watchin...dr. burry ucla
Replies: 26
Views: 2735

Re: Foreign film night recommendations.

Max Manus

Story of resistance hero during WWII. Very brave man. Had a major impact on outcome of war. Norwegian film with English subtitles. Saw it on Netflix. I am curious as to wether or not Norwegian school children are taught of his unbelievable bravery.

Sebastian
by 64415
Thu Jun 14, 2012 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Foreign film night recommendations.
Replies: 111
Views: 5298

Re: How much do you spend on groceries?

I suspect this thread will be subject to selection bias.... as in... I spend so much more than the numbers listed here that I'm embarrassed to say how much we spend at the grocery store. Well, someone has to step up to the plate and be the outlier. We have a family of 6 and send $1600 per month. $3...
by 64415
Mon Apr 23, 2012 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on groceries?
Replies: 124
Views: 9022

Re: Anyone else experience a gigantic loss in real estate?

You are not alone. I purchased in 2006 as well. If I had to sell today I would incur a loss of 225K. Do I like it? No. Fortunately, most of my decisions in life have not been as stupid as those pertaining to residential real estate. Like you, I am not underwater on the home. I would do what you thin...
by 64415
Mon Mar 26, 2012 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone else experience a gigantic loss in real estate?
Replies: 48
Views: 3789

Re: How many Bogleheads have newly bought gold in 2yrs?

As far as the actual type of bullion, I am debating between the Perth Mint pieces and American Gold Eagles. The serial number and signature of the assayer inside of a sealed case make the Perth mint pieces very appealing. I plan to store them at my bank in a safety deposit box.
by 64415
Mon Mar 26, 2012 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: How many Bogleheads have newly bought gold in 2yrs?
Replies: 26
Views: 1816

Re: How many Bogleheads have newly bought gold in 2yrs?

I just received my quarterly bonus and am going to buy some gold tomorrow. I think it is a terrible investment, and the amount I am putting into my globally diversified portfolio of passive equity funds will be twice what I am putting into gold tomorrow. I only want some as a portable form of wealth...
by 64415
Mon Mar 26, 2012 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: How many Bogleheads have newly bought gold in 2yrs?
Replies: 26
Views: 1816

Re: What is a Timber Investment?

Has anyone performed any due diligence on Roger Dickey in New Zealand? I know he offers direct timberland investment to the average retail investor in New Zealand. I asked for a prospectus a few years ago, but didn't take my research any further.
by 64415
Mon Feb 20, 2012 12:12 am
 
Forum: Investing - Theory, News & General
Topic: What is a Timber Investment?
Replies: 23
Views: 1984

Re: Farmland as an investment

Farm prices are in a bubble right now I'm pretty sure. My family farms and there has been a huge influx of rich people from the city buying up ground. A land auction right next to us found land selling for $13250 an acre. Cash rent values are near $500 an acre. That is all fine and well when corn i...
by 64415
Tue Jan 03, 2012 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Farmland as an investment
Replies: 39
Views: 3902

Re: med schools - prestige or economics?

if one were trying to match into EM, then yes, school won't matter, because there are so many spots that the only real requirement is a mean-arterial pressure above 60.[/quote] This behavior is why I would never practice in an academic environment. The egos are insufferable. It isn't a function of a...
by 64415
Thu Oct 27, 2011 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: med schools - prestige or economics?
Replies: 161
Views: 7476

I don't own any gold, but I do like the idea of having say 1% of my wealth in Krugerrands or Maple Leafs as an insurance policy. The most valuable asset I have is the physician skillset that took me 12 years to acquire. If there is a political or economic calamity that makes it difficult or dangerou...
by 64415
Sat Oct 15, 2011 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: The role of Gold as portfolio insurance
Replies: 35
Views: 2416

With regards to frugal living, earlyretirementextreme.com is a good source of extreme cost saving ideas. The majority of forum participants seem to be childless generation X and Yer's. Living out of a cargo van was a recent thread which was very entertaining to read. I read it to serve as an antidot...
by 64415
Sun Oct 02, 2011 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recommended reading on financial planning and frugal living?
Replies: 7
Views: 1068

To some degree, not paying off the house gives leverage and power were the housing market to continue to decline Could you expand on your point. Are you thinking of the benefit of having liquidity to pay cash for a larger home at a distressed price if the residential market continues to decline wit...
by 64415
Thu Sep 08, 2011 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage vs Refi vs Investing
Replies: 29
Views: 3034

hsv_climber wrote:
4. 32 year old should make financial decisions by herself (i.e. without parents intervention).


I am a long time away from having my little girls ask me for financial advice, but when the day comes I imagine I will feel good that they respected my opinion enough to ask for advice.
by 64415
Tue Sep 06, 2011 3:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice needed on how much to put down on house
Replies: 25
Views: 2512
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