Search found 932 matches

by Abe
Thu Jun 25, 2015 1:57 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads/BiggerPocketers think there is only one way?
Replies: 123
Views: 13909

Re: Why do Bogleheads/BiggerPocketers think there is only one way?

One of the things I like best about rental properties is exactly what a stock/bond portfolio is worst at, throwing off a steady stream of cash flows. A portfolio is a magnificent vehicle for accumulation, but drawdown is fraught with all kinds of problems. Adding rental properties to your retiremen...
by Abe
Thu Jun 25, 2015 9:57 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 21706

Re: When saving money becomes an irrational obsession

Talking about when saving money becomes an irrational obsession, I had an uncle who was extremely frugal. One time when he was on vacation, he saw an ad for an extremely low room rate. When he got to the hotel, he was told that the low rate only applied to people who called in and made a reservation...
by Abe
Mon Jun 22, 2015 10:08 am
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 21706

Re: When saving money becomes an irrational obsession

I agree with staythecourse. Just because you have extra money doesn't mean you have to spend it. There is no law that says you have to spend it.
by Abe
Sun Jun 21, 2015 6:42 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 21706

Re: When saving money becomes an irrational obsession

I think it's got to be in your DNA a bit - I find having more money than I'll need is a much better feeling than spending it .. It gives you two things you can't really put a price on: freedom and security I can relate to this. Everythings a tradeoff. You can have money or you can have the car, the...
by Abe
Thu Jun 18, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate how much I owe on loans in Excel
Replies: 7
Views: 886

Re: How to calculate how much I owe on loans in Excel

Don't know how to do it on a spreadsheet. This is what I got doing it by hand. $6833.00x6.4%=437.31/365=1.198 int per day x 1025 days = 1228.06 int + 6833.00=8061.06 $6833.00x6.4%=437.31/365=1.198 int per day x 903 days = 1081.79 int + 6833.00=7914.79 $6834.00x6.4%=437.36/365=1.198 int per day x 815...
by Abe
Tue Jun 16, 2015 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the fear: "Will we be eating cat food?"
Replies: 90
Views: 14115

Re: Will we be eating cat food?

I don't know about that. There are people who, even though others would consider them well off, they still worry about not having enough.
by Abe
Tue Jun 16, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the fear: "Will we be eating cat food?"
Replies: 90
Views: 14115

Re: Will we be eating cat food?

dolphinsaremammals wrote:It's beyond me why people obsess about cat food, when there are less expensive per volume perfectly fine "human edible" foods available. From peapod:


If it's an alley cat they get their food free because they get it out of a garbage can. :happy
by Abe
Tue Jun 16, 2015 10:04 am
Forum: Personal Consumer Issues
Topic: Comfortable shoes for work
Replies: 43
Views: 3999

Re: Comfortable shoes for work

Rockport Men's Eureka Casual Oxford - Wide Widths Avail - Brown
I get them at Sears. Right now they are about $65.00

http://www.sears.com/rockport-men-s-roc ... ockType=G3
by Abe
Sun Jun 14, 2015 5:06 pm
Forum: Personal Consumer Issues
Topic: Where do you keep your to do list?
Replies: 60
Views: 5321

Re: Where do you keep your to do list?

I use a 3.5 x 6 inch day calendar. You buy the base one time then the calander refill once a year. I think the refill cost about 3 or 4 dollars at office max. It sits on my desk. If there is something I need to do 3 months from now, I make a notation on the appropriate day. Every day I turn over a p...
by Abe
Sat Jun 13, 2015 11:04 am
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 8555

Re: Aren't bogleheads predicting the long term?

If we're going to invest, we have to decide what we are going to invest in. If we invest in the stock market or anywhere else for that matter, we have to assume the value of our investment will go up. Otherwise, me may as well put it under the mattress. Life is inherently risky. There is only one bi...
by Abe
Fri Jun 12, 2015 12:24 pm
Forum: Personal Consumer Issues
Topic: Just patch roof or replace it?
Replies: 12
Views: 944

Re: Just patch roof or replace it?

Two thousand sounds like a lot just to repair it unless it's in extremely bad shape in which case you probably should replace it. How old is your roof. Most roofs last anywhere from 20 to 30 years for asphalt shingles. If it's 20 years old or older, I would consider replacing assuming it's asphalt s...
by Abe
Mon Jun 08, 2015 6:05 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 13068

Re: Car dealer wants me to compensate for underpayment

I am not a lawyer but I believe in order to have a valid contract you have to have an offer and acceptance and a consideration. As I understand it, the original contract stated the purchase price (consideration) and the buyer and seller agreed to this purchase price (offer and acceptance). What ever...
by Abe
Mon Jun 08, 2015 4:22 pm
Forum: Personal Consumer Issues
Topic: Car dealer wants me to compensate for underpayment
Replies: 182
Views: 13068

Re: Car dealer wants me to compensate for underpayment

When you signed the original contract two weeks prior to picking the car up, what amount of money did you agree to pay. If it was $1500 more than you were actually billed when you picked the car up, it sounds like the dealer made a mistake and under charged you $1500.
by Abe
Mon Jun 08, 2015 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: close friend found out how much I have - bad outcome
Replies: 92
Views: 9713

Re: close friend found out how much I have - bad outcome

I have learned from experience to never tell anyone your financial condition, especially friends and family. They will not be happy for you. If you put yourself in your friends shoes it makes more sense. You were financially responsible. Your friend was not, and she is suffering the effects of her p...
by Abe
Sun Jun 07, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 12338

Re: Frugal Millionaires

For some a dollar is a point in a game. If they lose a point they are losing the game. Many are just living the way they lived all their lives as the money came slowly and they didn't notice they are now rich. You make a good point, and I can relate to that. I started early saving most of my meager...
by Abe
Sun Jun 07, 2015 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 12338

Re: Frugal Millionaires Article...Sounds Like Bogleheads

Owning three homes, shopping at Brooks Brothers and Ralph Laurens, and taking a annual trip to Italy would be an extravagance for me. These people live like millionaires. :happy
by Abe
Sat Jun 06, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 12338

Re: Frugal Millionaires Article...Sounds Like Bogleheads

You know, I would like to believe all the hype about "the millionaire next door", and how a working stiff just needs to work, save diligently, and invest wisely to become affluent. But playing devil's advocate, I wonder how many of those millionaires got where they were largely due to jus...
by Abe
Sat Jun 06, 2015 10:05 am
Forum: Personal Consumer Issues
Topic: I hate garage sales; do I have company?
Replies: 38
Views: 2566

Re: I hate garage sales; do I have company?

Unless neighbors are having perpetual yard sales, I don't see any problem. I love to go to yard sales. As a matter of fact, it's one of my hobbies. I like the ones where they have a box full of "costume jewelry". I have found solid gold pieces mixed in with the costume. :happy
by Abe
Wed May 27, 2015 5:17 pm
Forum: Investing - Theory, News & General
Topic: Stemikger "Volatility is far from synonymous with risk."
Replies: 152
Views: 10274

Re: Stemikger "Volatility is far from synonymous with risk."

I've never been comfortable with equating risk with volatility (i.e., standard deviation). I have an especially hard time with ideas like risk-adjusted returns. Totally agreed. This is what you get when letting mathematical simplicity and elegance go in the way of messy real-life. Defining risk as ...
by Abe
Wed May 27, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 94
Views: 11306

Re: Friends/Family that don't invest!

Like clockwork, whenever the market was peaking, coworkers and friends (they all know I invest) out of nowhere would ask me about getting into the market and what funds or stocks to buy. This happened a lot to me in 1998, 2000, and 2006. At bad times, people will tell me how they or their parents w...
by Abe
Tue May 26, 2015 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 94
Views: 11306

Re: Friends/Family that don't invest!

Have you encountered friends/family that don't save for retirement and when you ask why they respond with something like "how do you know you won't lose it?" No. My thinking is that if you spend all your monthly income, THEN you've LOST IT. Gone. Nowhere to be found. Can't retire. Can't a...
by Abe
Tue May 26, 2015 5:09 pm
Forum: Personal Consumer Issues
Topic: Do-it-yourself handy person: How did you learn?
Replies: 41
Views: 4871

Re: Do-it-yourself handy person: How did you learn?

I had three old push lawn mowers that have been in storage for three years. I tried everything, but I could not get them started. I asked a friend who is a good mechanic. He told me to get a can of Seafoam and pour some in the carburetor. It worked great and I got all three mowers running. I sold tw...
by Abe
Tue May 26, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 94
Views: 11306

Re: Friends/Family that don't invest!

I have in laws (seniors, like me) who do invest, but it is how they have invested which was disturbing. 25 years ago we were talking about investing and my plan to retire in a few years. They didn't know how they could. They didn't like my way of low cost investing. They had latched onto one of the...
by Abe
Tue May 26, 2015 9:55 am
Forum: Investing - Theory, News & General
Topic: Stemikger "Volatility is far from synonymous with risk."
Replies: 152
Views: 10274

Re: Stemikger "Volatility is far from synonymous with risk."

Risk is difficult to define because it means different things to different people. It doesn't make any difference how Warren Buffett defines risk or anyone else for that matter. What is important is how you define risk.
by Abe
Thu May 21, 2015 9:53 am
Forum: Personal Consumer Issues
Topic: Selling old 14k jewelry
Replies: 15
Views: 1277

Re: Selling old 14k jewelry

Overall, I just trusted the process and figured I'd do much better with Midwest than a local "we buy gold jewelry" dealer. You absolutely will do better sending it to Midwest than dealing with a local "we buy gold" dealer. A lot of the "we buy gold " dealers send their...
by Abe
Wed May 20, 2015 8:03 pm
Forum: Personal Consumer Issues
Topic: Selling old 14k jewelry
Replies: 15
Views: 1277

Re: Selling old 14k jewelry

You can get around $104.00 at todays price and assuming the ring weighs 5 grams at Midwest Refineries, 4471 Forest Ave., Waterford, Michigan 48328. I used Midwest Refineries for an odd assortment of gold jewelry which I had no interest in keeping. I really had no idea how much it was worth, but tru...
by Abe
Wed May 20, 2015 5:23 pm
Forum: Personal Consumer Issues
Topic: Selling old 14k jewelry
Replies: 15
Views: 1277

Re: Selling old 14k jewelry

I buy gold. This is the way to calculate it. (spot price / 31.1 x .583 x .92 = Amount buyers get) Todays spot price is $1209.30 per troy oz. There are 31.1 grams of gold in one troy oz. 14k gold contains 58.3% gold. My buyer pays me 92% of the actual gold content so this is roughly what most buyers ...
by Abe
Mon May 18, 2015 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 74
Views: 12827

Re: Time to reach 1M and 2M milestones

Yes, it's true the time to go from 1 million to 2 million should be shorter because after reaching 1 million you have two things working for you: yourself plus 1 million. :happy
by Abe
Thu May 14, 2015 2:47 pm
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 10224

Re: I Hate Vacations

I pretty much feel the same as the OP. Vacations are a hassle. I've always been self-employed which makes it almost impossible to get away. I think I've had maybe two vacations in the last 50 years and one of them was my honeymoon. :happy So if there's no problem, then there's no need for a solutio...
by Abe
Thu May 14, 2015 2:27 pm
Forum: Personal Consumer Issues
Topic: I Hate Vacations
Replies: 113
Views: 10224

Re: I Hate Vacations

I pretty much feel the same as the OP. Vacations are a hassle. I've always been self-employed which makes it almost impossible to get away. I think I've had maybe two vacations in the last 50 years and one of them was my honeymoon. :happy
by Abe
Fri May 08, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 34613

Re: much ado about coasting (through life)

I think you are going through something a lot of us go through. I am much older than you, and I remember thinking much the same way as you when I was around your age. The thing is everything gets boring after a while. I had a friend who always talked about how he was going to spend his time fishing ...
by Abe
Wed May 06, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: AT&T Uverse Equipment
Replies: 3
Views: 453

Re: AT&T Uverse Equipment

I'm not being sarcastic, but in my experience, you can't believe anything AT&T tells you.
by Abe
Wed Apr 29, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Need A Good Book for Planning for Retirement
Replies: 11
Views: 1383

Re: Need A Good Book for Planning for Retirement

You might want to check out, "The Bogleheads Guide to Retirement Planning".
by Abe
Wed Apr 29, 2015 9:56 am
Forum: Personal Consumer Issues
Topic: old ways can still be the best ways [percolator]
Replies: 36
Views: 3257

Re: old ways can still be the best ways

If you can handle 20th century inventions, try Chemex. Invented in 1941. Not as old as the percolator, but, IMHO, this new-fangled invention makes a much better cup. And yeah, always need pure maple syrup. That goes without saying. Have you ever tried the Melitta coffee maker? I looks like it uses ...
by Abe
Mon Apr 27, 2015 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 136
Views: 12521

Re: Does a home mortgage use Simple or Compund Interest?

Mortgages can be simple interest or compound interest. However, all mortgages are simple interest except those involving negative amortization, where the payment does not cover the interest. (If unpaid interest is added to the balance, as it is on a negative amortization loan, in future months, inte...
by Abe
Mon Apr 27, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 2486

Re: Best way to sell a used wedding ring?

It's hard to sell pre-owned jewelry. I have had some success on eBay. You need to find out if it is 10k, 14k, or whatever and have the diamond checked to see if it is real. Put all this information in your listing along with the weight of the rings. You should not list it for less than the melt valu...
by Abe
Sun Apr 26, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 398
Views: 31719

Re: Will you buy an Apple Watch?

I didn't even get a cell phone until not so long ago. I made it fine without one, but I have to say I wouldn't want to do without it now. I don't think I can say the same for the watch gadget. I think I will make it fine without it. I can remember a time, long, long ago, when I wanted a watch like D...
by Abe
Sun Apr 26, 2015 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 5206

Re: Nice Round Number reached tonight

Congrats! I don't understand why many people on this forum say that they can not share this with anyone. Because it falls right behind religion and politics concerning things better left out of casual conversation! Most folks are up to their nexts in consumer debt, they don't want to hear about you...
by Abe
Sun Apr 26, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 5206

Re: Nice Round Number reached tonight

Congratulations. Mazel Tov :sharebeer
by Abe
Sat Apr 25, 2015 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Mutual Funds and Compound Interest
Replies: 10
Views: 947

Re: Mutual Funds and Compound Interest

This is from Investopedia: Compounding is the ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings. In other words, compounding refers to generating earnings from previous earnings. Suppose you invest $10,000 into Cory's Tequila Company (ticker:...
by Abe
Fri Apr 24, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Funds and Compound Interest
Replies: 10
Views: 947

Re: Mutual Funds and Compound Interest

I'm no expert by any means, but I'll take a stab at answering your question. Stock mutual funds don't compound exactly like say an interest bearing account, but they are in effect compounding. If a stock has earning of say $1.00 and earning are growing at 10%, then the next year earnings should be $...
by Abe
Fri Apr 24, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: How does bank pay car dealer?
Replies: 4
Views: 514

Re: How does bank pay car dealer?

Not sure what you mean by, "how does the bank end up with the full $20k?" If the car price is $20k and you pay $10k down then the bank only loans the difference of $10K. Where I live, you would get the title but it would show the bank as the lien holder until loan is paid in full.
by Abe
Sat Apr 18, 2015 11:43 am
Forum: Investing - Theory, News & General
Topic: Collecting: A Hobby First, Investment Second
Replies: 33
Views: 3135

Re: Collecting: A Hobby First, Investment Second

stemikger wrote:Hey it could be worse, this family lost $100K on Beanie Babies and even made a short documentary about it.


That is very sad.
by Abe
Sat Apr 18, 2015 10:16 am
Forum: Personal Consumer Issues
Topic: mandatory 17% tip at a buffet
Replies: 32
Views: 3789

Re: mandatory 17% tip at a buffet

A tip is not mandatory. They may call it a tip; I would call it a service fee.
by Abe
Sun Apr 12, 2015 5:48 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 17500

Re: The $1 Million Goal: Source of Motivation or Discouragem

I think there is way too much emphasis on income on this thread. It's not how much you make, it's how much you keep.
by Abe
Sat Apr 11, 2015 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Real Estate beats bonds anytime
Replies: 13
Views: 1575

Re: Rental Real Estate beats bonds anytime

I've had rental property (houses) for years. Yes, the income is much better than bonds, but they are two different animals. Bonds are passive. Rentals are not. I have a house right now that I've been trying to get a non-paying tenant out for almost three months. When I do get them out, I'm sure I'll...
by Abe
Sat Apr 11, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: explanation of interest rates and bonds
Replies: 6
Views: 822

Re: explanation of interest rates and bonds

Others have explained how this works. Think of it like a seesaw with interest rate on one end and bond price on the other end. When one end goes up, the other end goes down. :beer

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