Search found 728 matches

Return to advanced search

Re: Why do we tip restaurant servers?

gwrvmd wrote:Abe: The reason for shaking hands goes back to Medieval times.....Extending your dominant hand palm up to a stranger was a way of showing that you didn't have a weapon......Gordon


Okay, see there is even a logical reason for shaking hands.
by Abe
Fri Aug 22, 2014 9:47 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 1844

Re: Why do we tip restaurant servers?

A logical reason for speaking English would be so that other people can understand you.
A logical reason for driving on the right would be so you wouldn't have a head on crash.
I can't think of a logical reason for shaking hands.
by Abe
Fri Aug 22, 2014 7:25 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 1844

Re: Why do we tip restaurant servers?

HardKnocker wrote:Why is 20% now considered a normal tip?

15% used to be the norm.


Okay. Just substitute 15% for 20%. :happy
by Abe
Fri Aug 22, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 1844

Why do we tip restaurant servers?

I know this is a controversial subject, but why do we tip restaurant servers? There is no logical reason that I know of except to say it is customary. Grocery store clerks, and most other retail employees get paid minimum wage or more, but restaurant servers are only paid around $2.13 per hour and a...
by Abe
Fri Aug 22, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 1844

Re: Online classes?

by Abe
Mon Aug 18, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Online classes?
Replies: 14
Views: 1895

Re: Where do you buy clothes?

mojave wrote: I fund my clothing by selling vintage housewares that I find at Goodwill, so I don't even use our paychecks for that.


What kind of vintage housewares and where do you sell it? Just curious. :happy
by Abe
Thu Aug 14, 2014 1:22 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 8899

Re: Where do you buy clothes?

cfs wrote:Military Exchange

I buy at the military exchange stores.

Thanks for reading.


Who can buy at military exchange stores?
by Abe
Sun Aug 10, 2014 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 8899

Re: Where do you buy clothes?

I buy blue jeans at Walmart. Most everything else, I buy a thrift stores.

I forgot: I order Rockport Eureka shoes from sears, usually $65.00 a pair on sale with free shipping. :beer
by Abe
Sun Aug 10, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: Where do you buy clothes?
Replies: 105
Views: 8899

Re: Dave Ramsey still defending 12% and still angry at "nerd

Either Ramsey believed that the market would return 12%, or he falsely stated that it would return 12% even though he knew it would not. This is the way I think Ramsey rationalizes this. In the first case, he can't admit he was wrong because he would be admitting that he was ignorant about something...
by Abe
Sun Aug 10, 2014 12:49 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22349

Re: Roof replacement

I recently replaced the roof (shingles) on my personal residence with 30 year architectural shingles. I have been replacing shingles on rentals with 25 year 3 tap shingles. I have a contractor who does this for $160.00 per square for 3 tap or $180.00 per square for architectural. This includes all l...
by Abe
Fri Aug 08, 2014 1:59 pm
 
Forum: Personal Consumer Issues
Topic: Roof replacement
Replies: 13
Views: 1148

Re: Public Speaking-help

When I was very young, I was asked to speak to a small group about some story in the bible. It was not supposed to last but about 5 minutes. I never dreamed it would be a problem, but when I got up there, I started shaking, my voice trembled, I started sweating, I thought I was going to die right th...
by Abe
Thu Aug 07, 2014 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 4963

Re: Volatility: Oh how I love thee.

Many years ago, I was discussing investing with someone. A lady who worked for me and knew nothing at all about investing was listening to the conversation. After a while, she said, "all you have to do is buy when it's low and sell it when it's high". She was not joking. :happy
by Abe
Thu Aug 07, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Volatility: Oh how I love thee.
Replies: 44
Views: 3062

Re: Peak Money Market Fund Yields in 1981-82

I think interest rates peaked out in 1981 or 1982. After that, they started down and have been going down ever since. I remember in about 1993 I was getting 7% on 1 year CD's. For about 3 or 4 years after that, I managed to renew them at 7% even though rates were creeping down. In about 1997 when my...
by Abe
Wed Aug 06, 2014 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Peak Money Market Fund Yields in 1981-82
Replies: 24
Views: 1677

Re: It seems Warren Buffett believes in DCA

Unlike your experts, Swedroe provides a reference to the peer-reviewed literature that is a logical proof that DCA does not make sense (assuming selling out and DCAing back in would not make sense) from a purely investment standpoint: This is my exact post back in Dec 9, 2013 in a thread titled Dol...
by Abe
Tue Aug 05, 2014 11:39 am
 
Forum: Investing - Theory, News & General
Topic: It seems Warren Buffett believes in DCA
Replies: 44
Views: 3960

Re: Dave Ramsey still defending 12% and still angry at "nerd

pkcrafter wrote: I had a pretty high regard for Dave Ramsey, at least for his advice on debt, but after seeing this video, I've lost respect for him. Paul


I lost respect for him after I saw this:

https://www.youtube.com/watch?v=6E0FVr0Uzf0#t=65
by Abe
Sat Aug 02, 2014 6:10 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22349

Re: It seems Warren Buffett believes in DCA

Here are some experts who advocate DCA. Bogle on Mutual Funds by John Bogle, page 31, "It seems only logical that making many investments in the stock market at periodic intervals -- known as dollar cost averaging -- will provide greater stability of return than a single all at once commitment ...
by Abe
Sat Aug 02, 2014 5:26 pm
 
Forum: Investing - Theory, News & General
Topic: It seems Warren Buffett believes in DCA
Replies: 44
Views: 3960

Re: Landlording for long-term wealth? Who's doing it?

Thanks for the alternate perspectives. Certainly makes a good case for just kicking back and picking up some shares of a REIT index when they go on sale. Really appreciate all the food for thought from this thread. Thanks all! One strategy for getting out of the landlord business when you are getti...
by Abe
Fri Aug 01, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7281

Re: Public Speaking-help

Warren Buffett was terrified of public speaking. This is what he said: “I was terrified of public speaking. You can’t believe what I was like if I had to give a talk. I was so terrified that I just couldn’t do it. I would throw up. In fact, I arranged my life so that I never had to get up in front o...
by Abe
Fri Aug 01, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 4963

Re: Dave Ramsey still defending 12% and still angry at "nerd

Dave Ramsey apparently still gets very angry when questioned about his “12%” assertions, even in mid-2014. For one, he’s wrong, so I don’t see why he is sticking to his guns about 12%. I realize that the subject of Dave Ramsey has been beaten to death here on Bogleheads. But it’s interesting that h...
by Abe
Thu Jul 31, 2014 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22349

Re: How does car trade-in works?

htdrag11 wrote:Abe, convenience always has a price.


Yes indeed, everything has a price.
by Abe
Tue Jul 29, 2014 10:08 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4380

Re: Help with a new $5m portfolio for an old lady

As other posters have recommended, I too think one of the conservative Lifestrategy funds would be ideal for your mother. It has built in asset allocation, less risk through broad diversification, automatic rebalancing and low cost. This is very simple, only one fund. She can withdraw 2% and have $1...
by Abe
Tue Jul 29, 2014 6:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with a new $5m portfolio for an old lady
Replies: 59
Views: 4467

Re: How does car trade-in works?

A dealer will not give you more than wholesale if you trade-in. It could be less but not more. They try to determine what's important to you. If you want more for your trade-in than wholesale, they may give you more and make up the difference in the price of the car you are buying. They are good at...
by Abe
Tue Jul 29, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4380

Re: How does car trade-in works?

A dealer will not give you more than wholesale if you trade-in. It could be less but not more. They try to determine what's important to you. If you want more for your trade-in than wholesale, they may give you more and make up the difference in the price of the car you are buying. They are good at ...
by Abe
Tue Jul 29, 2014 2:01 pm
 
Forum: Personal Consumer Issues
Topic: How does car trade-in work?
Replies: 71
Views: 4380

Re: Landlording for long-term wealth? Who's doing it?

I have been a landlord for 50 years. I'm sure you know this, but it's more hands on than Boglehead type investing. You are lucky to have a good tenant. I am almost 71 years old. All my rentals are paid off, so I have good cash flow. It can be financially rewarding but keep in mind there will be many...
by Abe
Tue Jul 29, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7281

Re: Rules of thumb that shouldn't be

From Wikipedia, the free encyclopedia

A rule of thumb is a principle with broad application that is not intended to be strictly accurate or reliable for every situation. :beer
by Abe
Fri Jul 25, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Rules of thumb that shouldn't be
Replies: 39
Views: 4634

Re: Mortgage Prepayment Question

my original loan was over 300K, and the interest rate is 3.5%. I made a substantial prepayment mid month (July 08) ~$100K - almost half of the remaining loan. I thought my interest payment on my next month's (August) mortgage statement should reduce at least several hundred dollars, but it did not ...
by Abe
Thu Jul 24, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Prepayment Question
Replies: 43
Views: 3170

Re: Cheap Wall St Journal?

I had a friend who subscribed to the WSJ. He would bring them to me after he read them. As I remember, there was not much in it that I was interested in reading. I finally told him to stop bringing them.
by Abe
Wed Jul 23, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Cheap Wall St Journal?
Replies: 64
Views: 8091

Re: If you own a car, do you have a car payment?

I have never made a car payment. I didn't even own a car until the early eighties. Before that, I drove pickup trucks. That way I could kill two birds with one stone: use it for my business or personal use. :beer
by Abe
Wed Jul 23, 2014 4:25 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7385

Re: I'm a genius!

Several years ago, my wife's sister had some money to invest, and she asked me where I thought she should invest it. I recommended one of the Vanguard Life Strategy funds. Well, she picked two, the Life Strategy Growth and the Life Strategy Moderate Growth. I thought she should have picked only one ...
by Abe
Wed Jul 23, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: I'm a genius!
Replies: 19
Views: 5199

Re: POLL: Walmart vs Amazon

Walmart is a profitable business. Amazon is not. It is my understanding that Amazon doesn't make a profit and never has. If they do, it's very little. I'm certainly not an expert in these matters, but the only way I see for them to make a profit is to cut expenses or raise prices or both. They alrea...
by Abe
Thu Jul 17, 2014 4:23 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 8525

Re: If interest rates would ever reach double digits again

I knew someone who told me they bought 30 year treasury bonds yielding around 16% in the late 70's or early 80's. I'm not sure about the exact rate, but it was somewhere in that neighborhood.
by Abe
Thu Jul 17, 2014 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3055

Re: Inherited a promissory note--what to do?

I am not a lawyer. Anything I tell you is from my personal experience only and not legal advise. I am assuming that you only have a promissory note and no collateral such as a mortgage or some other security instrument. A promissory note is only the borrowers promise to pay. If all you have is the p...
by Abe
Wed Jul 16, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited a promissory note--what to do?
Replies: 22
Views: 2457

Re: POLL: Walmart vs Amazon

There is a lot of anti-Walmart sentiment out there. Some may be justified, but I think most of it is not. Walmart does what they do according to their business plan, and some bad things happen as a result of that, such as small businesses going out and small towns drying up. I had a small business a...
by Abe
Sat Jul 12, 2014 1:56 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 8525

Re: POLL: Walmart vs Amazon

I buy a lot more from Walmart than Amazon because of shipping charges, convenience and return policy. Example: I bought a watch from Walmart about 3 months ago. It quit keeping good time, so I took it back and they gave me another one, no questions asked. We go to Walmart about once a week. Most of ...
by Abe
Sat Jul 12, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 8525

Re: What ONE investing book or article for skeptical sibling

I agree with Grt2bOutdoors. "The Little Book of Common Sense Investing" by John C Bogle or

"The Elements of Investing" by Burton G Malkiel & Charles D Ellis
by Abe
Thu Jul 10, 2014 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 2924

Re: How I look at $ in the real world vs my retirement accou

It is interesting. A different slant on money depending on the circumstance. If you have ever been in a casino, you tend to get a distorted view of money. The casinos work hard to make it that way. They give you chips in place of money. You're not losing real money; it's only chips. Sort of reminds ...
by Abe
Wed Jul 09, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 45
Views: 5862

Re: How I look at $ in the real world vs my retirement accou

We expect that money invested will be more money later, otherwise there is no reason to do it. We also accept that this money will fluctuate in value along the way. So we haven't really lost anything; it's just part of the price we pay to have more later. Money spent on something we consume is money...
by Abe
Wed Jul 09, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 45
Views: 5862

Re: How many veteran investor have LARGE MAJORITY in three-f

I would like to get my portfolio as close as possible to the 3 fund portfolio, but I am a long way from that now. Over the years, I invested whenever I had a little money and there was no overall plan. The result was a mixed bag of investments. For various reasons including the capital gains tax, I ...
by Abe
Tue Jul 08, 2014 6:05 pm
 
Forum: Investing - Theory, News & General
Topic: How many veteran investor have LARGE MAJORITY in three-fund?
Replies: 56
Views: 3923

Re: Homeowner responsibility for water service line

As to the other poster, I will guess what they mean. (1) If my water company had to repair their side of the meter, for instance from the main line through my driver to my meter, they would repair customer and public property... If a utility has a right of way through your property it becomes your ...
by Abe
Mon Jul 07, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2107

Re: Homeowner responsibility for water service line

Where I live the homeowner is only responsible for the water line from the meter to the dwelling. If there is a leak on the other side of the meter (from the meter to the main line) the Water Company is responsible for repairing that. . Just curious, if that leak happens to be under a building or o...
by Abe
Mon Jul 07, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2107

Re: Homeowner responsibility for water service line

This is a way to detect water leaks. Turn all the water off in the house then look at the water meter. If the dial is moving, there is water going through the meter. If everything is off in the house, there is a leak somewhere. Nope. All that does is tell you that there IS a leak. The commenter alr...
by Abe
Mon Jul 07, 2014 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2107

Re: Homeowner responsibility for water service line

This is a way to detect water leaks. Turn all the water off in the house then look at the water meter. If the dial is moving, there is water going through the meter. If everything is off in the house, there is a leak somewhere.
by Abe
Mon Jul 07, 2014 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2107

Re: Homeowner responsibility for water service line

This is the way it works in my area and I'm sure most other areas as well. The home owner is responsible for the water line from the water meter to the dwelling. Prior to the 1970's, a lot of water lines were made of lower quality material. My own house (built in the 1970's) continued to have period...
by Abe
Sun Jul 06, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Homeowner responsibility for water service line
Replies: 45
Views: 2107

Re: Mortgage with private financing

jjg247 wrote:Abe, any sites you could reccomend to research the private mortgage market? I never even knew this existed.


You can go here for information:

http://papersourceonline.com/faqs/#axzz36jIXiFqK
by Abe
Sun Jul 06, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage with private financing
Replies: 8
Views: 551

Re: investing and debt

There are two kinds of debt. One is what I call consumer debt (credit cards, etc). In other words borrowing money to buy things you consume. The other kind of debt is borrowing for investment or borrowing money to make more money (using leverage, etc). To me consumer debt is the worst kind of debt. ...
by Abe
Sat Jul 05, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: investing and debt
Replies: 22
Views: 1432

Re: Mortgage with private financing

Mortgages can be sold. There is a market for privately financed mortgages. There will be a discount involved, but the lender (mortgagee) can sell the mortgage for cash. He can even sell part of the payments for cash and keep the remaining payments. Most of the time these are owner financed mortgages...
by Abe
Sat Jul 05, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage with private financing
Replies: 8
Views: 551

Re: investing/personal finance as competitive sport

Competitive Sport? I'm plum serious about it. :happy
by Abe
Thu Jul 03, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: investing/personal finance as competitive sport
Replies: 17
Views: 1428

Re: Who do you talk with about your financial goals?

You care about issues that affect you.

Others care about issues that affect them.

That's just the way it is. :beer
by Abe
Thu Jul 03, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9167

Re: Who do you talk with about your financial goals?

No one, except occasionally my cat. I just want to reassure him that he won't have to share his daily rations. I skip the details because he has no interest and trusts me to stay the course. For that effort, he is content and sleeps well. So do I. As a cat owner myself, I can fully appreciate your ...
by Abe
Tue Jul 01, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9167

Re: Want to Save Money? Be Polite!

My mother used to say "you catch more flies with honey than vinegar". She was right about that. If you are nice to people, they will be nice to you, sometimes even going out of their way to be nice. It's just common sense. I've always tried to do that, and it works. :happy
by Abe
Fri Jun 27, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6757
Next

Return to advanced search