Search found 980 matches

by Abe
Thu Aug 27, 2015 10:28 am
Forum: Personal Consumer Issues
Topic: Has anyone actually used gold or silver coins for a purchase?
Replies: 43
Views: 2392

Re: Has anyone actually used gold or silver coins for a purchase?

I got this from a Forbes article titled: Solving A Serious Mystery: Why Don't Gold And Silver Coins Circulate? "Suppose a restaurant wants to be paid in silver and you agree to buy a steak dinner with an Eagle. The IRS treats this trade as a sale of the silver at the current market price. You m...
by Abe
Tue Aug 25, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I feel guilty?
Replies: 10
Views: 1371

Re: Should I feel guilty?

Thanks everyone for replying to my post. I fully intended to close the account regardless, even though I did feel a tinge of guilt. All of your replies made me feel a little better about doing it. It's nice to know that I'm not the only one that feels this way.
by Abe
Tue Aug 25, 2015 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I feel guilty?
Replies: 10
Views: 1371

Re: Should I feel guilty?

No. I'm not sure how all the fees work, but man, those sound high for just selling stocks. If anyone feels guilty it should be your brokers. Yes, that does sound like a lot. I though about transferring the holdings to my Vanguard Brokerage account and then selling them, but that would probably take...
by Abe
Tue Aug 25, 2015 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I feel guilty?
Replies: 10
Views: 1371

Should I feel guilty?

I have had an account with one of the well known brokerage companies for years. Having seen the light a few years ago, I have gradually been liquidating my holdings with them and pulling money out. The broker I started out with couldn't make any money from me anymore so he turned my account over to ...
by Abe
Mon Aug 24, 2015 11:43 am
Forum: Investing - Theory, News & General
Topic: "FEAR" Is Here,...
Replies: 53
Views: 6460

Re: "FEAR" Is Here,...

It's times like this when the Boglehead way really comes into play. Set an asset allocation you can live with comes to mind. We can reduce a lot of risk through diversification, but market risk is a risk we can't do much about. So, what is causing the situation we are in now? I don't know the answer...
by Abe
Sun Aug 23, 2015 7:12 pm
Forum: Investing - Theory, News & General
Topic: [Jim] Cramer: Worst mistake you can make in a selloff
Replies: 9
Views: 2644

Re: [Jim] Cramer: Worst mistake you can make in a selloff

Yes, some things he says is pretty good advise. This part I disagree with: Jim Cramer has always hosted "Mad Money" based on the idea that it is possible for individual investors to make more money investing themselves than they would by hiding their money in bonds, index or mutual funds. ...
by Abe
Sun Aug 23, 2015 6:32 pm
Forum: Investing - Theory, News & General
Topic: [Jim] Cramer: Worst mistake you can make in a selloff
Replies: 9
Views: 2644

Re: Cramer: Worst mistake you can make in a selloff

Abe wrote:I mostly disagree with what Cramer says, but I thought this article made some good points.


No. Just, no.

What does that mean. Are you saying you disagree with everything in the article.
by Abe
Sun Aug 23, 2015 5:53 pm
Forum: Investing - Theory, News & General
Topic: [Jim] Cramer: Worst mistake you can make in a selloff
Replies: 9
Views: 2644

[Jim] Cramer: Worst mistake you can make in a selloff

I mostly disagree with what Cramer says, but I thought this article made some good points.

http://finance.yahoo.com/news/cramer-wo ... 2811.html#
by Abe
Thu Aug 20, 2015 3:34 pm
Forum: Personal Consumer Issues
Topic: Removing black stains from tub
Replies: 23
Views: 1462

Re: Removing black stains from tub

Make a paste with vinegar and baking soda. Scrub with toothbrush. If that doesn't do it, apply paste on stain and let set for an hour or two, then scrub.
by Abe
Thu Aug 20, 2015 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 95
Views: 12965

Re: Am I crazy? Quitting my job.

Very few people get the opportunity to retire at 31. If it were me, and I could retire in three years at age 31, I would stick it out. But, I am not you. Getting feedback may help you make a decision, but ultimately you have to decide. What is the right answer? Nobody knows, not even you. Life is ju...
by Abe
Mon Aug 17, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else impatient with their car payments?
Replies: 58
Views: 4638

Re: Anyone else impatient with their car payments?

The end result is the same, but I'm not a big fan of "saving" $417 every month for 4 years to have the money for a car. Once you've reached a critical mass, you don't need "mental envelopes" for savings; save as a matter of course and decide when the time comes how much you want...
by Abe
Mon Aug 17, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else impatient with their car payments?
Replies: 58
Views: 4638

Re: Anyone else impatient with their car payments?

Can't really relate. I have never financed a car. When I was young I bought nice used cars after saving up the cash. My wife and I understand that some folks might think us unreasonably frugal (we've only every bought one new car), given we have a mid 7 figures net worth. Stay the course with your ...
by Abe
Sun Aug 16, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: loan for a dental practice
Replies: 17
Views: 1537

Re: loan amortization

. . Option two would amortize (pay out) 170k in 10 years at 4.875 interest, payment amount $1792. So this doesn't really make sense because they are saying amortized 20 years when it would actually amortize (pay out) in 10 years. I would call them to clarify. . RM[/quote] Actually, looking at these ...
by Abe
Sat Aug 15, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: loan for a dental practice
Replies: 17
Views: 1537

Re: loan amortization

It could very well have a balloon. This is not uncommon. But the information they gave you is incorrect. You need to call them, and ask if the loans offered are adjustable rate loans or if they have balloons. A balloon is just the loan balance that is due in full before the loan pays out. A loan cou...
by Abe
Sat Aug 15, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: loan for a dental practice
Replies: 17
Views: 1537

Re: loan amortization

Loan amount:$170,000(subject to a maximum loan TO value of 85%-estimated purchase point 200,000 Interest Rate: option1:4.625% fixed .Principal & interest payments estimated at $1087 pm+real estate taxes escrow option2:4.875% fixed .Principal & interest payments estimated at $1792 pm+real es...
by Abe
Thu Aug 13, 2015 3:15 pm
Forum: Personal Consumer Issues
Topic: Cheap drugs! [Switching to generic]
Replies: 26
Views: 2132

Re: Cheap drugs!

packet wrote:Annnnd... it only gets better... :)

Just picked up my new script, it was actually cheaper than estimated... will only be $135.20/year... sweet!

I'm so pleased I won't even redo the math in my original post.

:beerCheers,
packet


mazel tov :sharebeer
by Abe
Thu Aug 13, 2015 12:22 pm
Forum: Personal Consumer Issues
Topic: "If your bank knew you did this they'd freak!"
Replies: 22
Views: 5657

Re: "If your bank knew you did this they'd freak!"

The last time I clicked on one of those, it took me an hour and a half to get off. :annoyed
by Abe
Wed Aug 12, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much is too much?
Replies: 42
Views: 5315

Re: How much is too much?

I always saved all I could. Still do. I rather have too much than not enough.
by Abe
Wed Aug 12, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: tree root/broken water line question (legal advice needed)
Replies: 17
Views: 1848

Re: tree root/broken water line question (legal advice needed)

I wasn't questioning Grt2bOutdoors. He know more about how much it cost in NYC than I do. I was just speaking from my perspective. As I said in a earlier post, NYC is like another planet to me. :happy Just in case you ever get the itch to move up here: Thanks, but I don't think I'll be moving up th...
by Abe
Tue Aug 11, 2015 5:45 pm
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 3865

Re: Anyone not own a Smartphone

surfstar, thanks for the happy birthday.

Did you ever notice how we make it just fine until something new comes out. I made it just fine without a cell phone. Now that I have one, I couldn't go back. I'm afraid the same thing would happen if I get a smart phone. :wink:
by Abe
Tue Aug 11, 2015 5:29 pm
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 3865

Re: Anyone not own a Smartphone

I am 71 but I will be 72 this month. :happy
by Abe
Tue Aug 11, 2015 4:56 pm
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 3865

Re: Anyone not own a Smartphone

I didn't even have a flat screen TV until the other day when my wife complained about our old set, so I went to Walmart and bought one. The sound was so bad, I returned it. Now my wife says she likes our old set a lot better now. I didn't get a cell phone for a long time. I finally got one of those ...
by Abe
Tue Aug 11, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: tree root/broken water line question (legal advice needed)
Replies: 17
Views: 1848

Re: tree root/broken water line question (legal advice needed)

Abe - in many parts of the country, meters must be in the basement and water lines must be buried 5 feet or more due to freezing concerns. I'm in MA, and Grt2b's prices seem in-line with what we see here (depending on a few variables). Additionally, the local rules on who owns what part of the line...
by Abe
Mon Aug 10, 2015 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: tree root/broken water line question (legal advice needed)
Replies: 17
Views: 1848

Re: tree root/broken water line question (legal advice needed)

Yes, but to get from the water line in the street to the home requires the use of a jack hammer and a back hoe, and two men to get down to the line and run the new line. In NYC, a job like that will run $5K or so. It happened to my folks and that is exactly what they paid three years ago to run the...
by Abe
Mon Aug 10, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: tree root/broken water line question (legal advice needed)
Replies: 17
Views: 1848

Re: tree root/broken water line question (legal advice needed)

I replaced my water line (roughly 60 to 70 feet) to my home not long ago. All they had to do was disconnect the line at the meter and at my house. They ran a wire through the existing line from my house to the meter. They then pulled the new line through the old line and reconnected it to the meter ...
by Abe
Mon Aug 10, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: tree root/broken water line question (legal advice needed)
Replies: 17
Views: 1848

Re: tree root/broken water line question (legal advice needed)

The tree roots may not even damage your line. Usually the problem with tree roots is they get into sewer lines. Even if it did damage your line, it's usually not that big a deal to repair a broken water line. I don't think it would be anything you would need to talk to a lawyer about.
by Abe
Sat Aug 08, 2015 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 50
Views: 7267

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

I had a cousin who was in to this only it was the Iraqi dinar. I tried to tell him it was a scam but was not successful. Some people you can't help.
by Abe
Sat Aug 08, 2015 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: 28 y/o, Planning for early financial independence and semi-retirement.
Replies: 6
Views: 1005

Re: 28 y/o, Planning for early financial independence and semi-retirement.

Nothing wrong with having goals, but you may be a little too optimistic. As someone has already pointed out, you would need 1 million at a 3% withdrawal rate to have 30k income. Starting with 11k you already have, you would need to invest 30k per year and get around 10% return to reach 1 million in ...
by Abe
Fri Aug 07, 2015 3:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Congrats to Laura Dogu
Replies: 61
Views: 5139

Re: Congrats to Laura Dogu

Congratulations Laura
by Abe
Wed Aug 05, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever encountered hostility because people think you're "rich"?
Replies: 71
Views: 5433

Re: Have you ever encountered hostility because people think you're "rich"?

One time as a joke I put a million dollar bill (play money, of course) on my desk with a little sign that said "My First Million" with a little smiley face. My wife warned me not to do it. She was right. When people saw it, their demeanor quickly changed, they did not think it was funny. I...
by Abe
Wed Aug 05, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever encountered hostility because people think you're "rich"?
Replies: 71
Views: 5433

Re: Have you ever encountered hostility because people think you're "rich"?

Once a member of your peer group finds out that you are okay financially, it's not long before everyone else knows too. The conversation goes something like this, "hey, I heard old Abe has more money than he knows to do with". For some reason early on, I was inclined to save and invest. On...
by Abe
Tue Aug 04, 2015 4:41 pm
Forum: Investing - Theory, News & General
Topic: 3 Reasons to Rejoice Higher Interest Rates
Replies: 54
Views: 7087

Re: 3 Reasons to Rejoice Higher Interest Rates

Uncle Pennybags wrote:I noticed the higher rates, they jumped out at me in my money market fund. I used to get 1¢ per month per $1,000. That has shot up to 3¢ a month and it looks like 4¢ next month; that will be 12¢

Let the good times roll.


I'm waiting on 12 cents. That's 1100% increase.
by Abe
Tue Aug 04, 2015 1:24 pm
Forum: Investing - Theory, News & General
Topic: 3 Reasons to Rejoice Higher Interest Rates
Replies: 54
Views: 7087

Re: 3 Reasons to Rejoice Higher Interest Rates

I've been sitting on the sideline with about 2.8 million in cash investments all this time (about 10 years) only getting about 1% or less. :oops: Looking back, I know there are a lot of things I could have done better with this money, but I didn't. After waiting this long, I don't see much point in ...
by Abe
Wed Jul 29, 2015 5:08 pm
Forum: Investing - Theory, News & General
Topic: The forgotten inaccuracies of our small predictions
Replies: 18
Views: 1900

Re: The forgotten inaccuracies of our small predictions

When I go back to a place from my youth after many years have passed, it's not the way I remember it at all. Everything seems smaller. But the place can't be any smaller. It's got to be my perception that has changed.
by Abe
Wed Jul 29, 2015 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Am I just getting old?
Replies: 19
Views: 2324

Re: Am I just getting old?

What is an "executive director"? :)
by Abe
Fri Jul 24, 2015 11:02 am
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 88
Views: 6482

Re: Asking for separate checks?

We used to go out with a couple who ordered everything expensive: entrees, appetizers, drinks. My wife and I didn't order expensive stuff. Sometimes this couple would get up and leave the table when the bill came and wouldn't come back until I had paid it. Sometimes we would split the bill, but thei...
by Abe
Mon Jul 20, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a decent time to buy gold? [Portfolio help]
Replies: 88
Views: 7003

Re: Is now a decent time to buy gold? [Portfolio help]

Gold went down $28.00 today as I'm writing this. Spot price is $1,104.20. I sold some a few days ago for $1,160.00. It was around $1,900. It's going down, not up.
by Abe
Mon Jul 20, 2015 1:45 pm
Forum: Personal Consumer Issues
Topic: 2007 Toyota Camry Issue
Replies: 20
Views: 1586

Re: 2007 Toyota Camry Issue

I had the timing belt and water pump replaced on my 2000 Camry at 140,000 miles in 2013. Total cost was $425.00 at a independent shop. The mechanic previously worked for a Toyota dealer, and he did a good job.
by Abe
Sun Jul 19, 2015 8:07 pm
Forum: Personal Consumer Issues
Topic: How do I fix a hole in this wooden door?
Replies: 42
Views: 2416

Re: How do I fix a hole in this wooden door?

I have several rental properties. This happens all the time. About all you can do is replace the door. These hollow core doors are inexpensive. Goes with the territory.
by Abe
Sat Jul 18, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 7735

Re: Why did you take SS at FRA instead of delaying until 70?

I started taking SS at 62.

Why? A bird in the hand is worth two in the bush.
by Abe
Wed Jul 15, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: I tipped 15% and got a dirty look
Replies: 129
Views: 6957

Re: I tipped 15% and got a dirty look

I don't tip. I mean, we're broke enough that we go to restaurants exactly annually. In one specific month to one specific restaurant. If they want more money, put a higher price on the menu. If the server isn't receiving at least minimum wage, the employer is legally obligated to make up the differ...
by Abe
Wed Jul 15, 2015 10:10 am
Forum: Personal Finance (Not Investing)
Topic: I tipped 15% and got a dirty look
Replies: 129
Views: 6957

Re: I tipped 15% and got a dirty look

Why should the customer have to worry about how much to pay a restaurants employees?
by Abe
Fri Jul 10, 2015 9:56 am
Forum: Personal Consumer Issues
Topic: Shower door or curtain for bathroom remodel
Replies: 61
Views: 3921

Re: Shower door or curtain for bathroom remodel

I had a sliding glass door in my shower/tub. My wife hated it because it was hard to keep clean. We replaced it with a shower curtain.
by Abe
Wed Jul 08, 2015 2:41 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 91
Views: 8793

Re: Worst financial book you have read (or will admit you have read)

"Wealth without risk"

Hey, this is what I've been looking for.
by Abe
Wed Jul 08, 2015 12:20 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 91
Views: 8793

Re: Worst financial book you have read (or will admit you have read)

Hi Bogleheads, I am surprised one book did not make the cut thus far: "No Money Down" by Robert Allen. I had a colleague that read the book and recommended it to me. It was incredible in terms of the real estate "strategies" that were recommended. Best. I actually started to men...
by Abe
Wed Jul 08, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Software
Replies: 10
Views: 903

Re: Rental Property Software

I just use a ledger columnar sheet for each rental. At the top, I enter the property address, rent amount, late fee, renter name and phone number, etc. Each month, I enter the rent when I receive it. I use the top half of the ledger for rent received. I use the lower half of the ledger (or back if n...
by Abe
Wed Jul 08, 2015 11:14 am
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 91
Views: 8793

Re: Worst financial book you have read (or will admit you have read)

The worst "financial" book I read has to be Rich Dad, Poor Dad by Robert Kiyasaki. +1 Totally agree. I listen to the Bigger Pockets podcast on real estate investing. They interview real estate investors every week and always ask about their favorite book at the end and I'm amazed that so ...
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: 14667

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...

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