Search found 2015 matches

by HardKnocker
Thu May 14, 2015 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Conundrum: Can do my own books but banks require CPA statement
Replies: 23
Views: 1769

Re: Conundrum: Can do my own books but banks require CPA statement

Banks will often accept unaudited financial statements compiled by a CPA. They may want to meet with the CPA. They won't accept your "homemade" financials because they most likely don't comply with accepted accounting principles. In other words, you don't know what you're doing but the CPA...
by HardKnocker
Sat May 09, 2015 10:07 am
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 8863

Re: move to cash for upcoming bear market?

"Don't just do something, stand there!" -- John Bogle
by HardKnocker
Thu May 07, 2015 2:42 pm
Forum: Personal Consumer Issues
Topic: Viatical Settlement For Life Insurance Policy
Replies: 4
Views: 438

Re: Viatical Settlement For Life Insurance Policy

Generally, they are a bad idea. Similar to a reverse mortgage.

You take a big hit on the discounted proceeds.
by HardKnocker
Thu May 07, 2015 2:39 pm
Forum: Personal Consumer Issues
Topic: What to do with 1940's refrigerator that still works?
Replies: 36
Views: 3135

Re: What to do with 1940's refrigerator that still works?

Old fridges are so inefficient there is no point to having them.
by HardKnocker
Thu May 07, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: buying a new subaru outback
Replies: 25
Views: 2532

Re: buying a new subaru outback

I'd pay cash if it won't cramp your style.

It would be hard to get 2% guaranteed.

I have two Outbacks. They are decent cars with some good features, some odd features missing. I don't like the rattles though. I call them "rattle-traps".

Not sure I'd buy another but I like wagons.
by HardKnocker
Thu May 07, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2672

Re: Do Updates to Home Increase Market Value?

Some updates make help your home sell faster. Do you get more? Rarely. What's the difference between a 5 year old kitchen, a 10 year old kitchen, and a 20 year old kitchen, all in good condition? Not much. They all look dated. How about the brand new kitchen you just did? Only helps if the buyer lik...
by HardKnocker
Thu May 07, 2015 2:31 pm
Forum: Investing - Theory, News & General
Topic: Fed Chair Yellen Warns on Stock Valuations
Replies: 22
Views: 4135

Re: Fed Chair Yellen Warns on Stock Valuations

Yellen is correct in her statement.

Valuations are high.
by HardKnocker
Wed May 06, 2015 1:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: The Problem of World Domination?
Replies: 21
Views: 2979

Re: Vanguard: The Problem of World Domination?

Warren Buffet will take over the world long before Vanguard does.

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by HardKnocker
Mon Apr 27, 2015 6:51 am
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 6860

Re: Been invited to wedding in Disney World. My cost?

Send him $(Fill in amount to your preference) and skip the wedding.

Everyone will be drunk and won't even know who attended.
by HardKnocker
Sun Apr 26, 2015 11:41 am
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 437
Views: 35794

Re: Will you buy an Apple Watch?

"Will you buy an Apple Watch?"

No, I don't have a cellphone either.

I have a watch already but rarely wear it.

If I need the time I ask someone and they look at their cellphone and tell me.
by HardKnocker
Sun Apr 26, 2015 11:37 am
Forum: Personal Consumer Issues
Topic: Cost to replace a side view mirror
Replies: 22
Views: 2074

Re: Cost to replace a side view mirror

This just happened to a relative of mine.

$500 for a body shop repair to Ford Fiesta.

Yikes!
by HardKnocker
Sat Apr 25, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: any experiences negotiating fences with neighbors?
Replies: 27
Views: 2686

Re: any experiences negotiating fences with neighbors?

I don't get this whole thing about fences. If the fence is on your property, you make the decisions and pay for it. If the fence is on your neighbors property, he makes the decisions and pays for it. Why would you pay for a fence on someone else's property and vice-versa? Shouldn't fences be built w...
by HardKnocker
Sat Apr 25, 2015 1:37 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1045
Views: 172556

Re: What Movie Have You Recently Watched?

I enjoyed The Imitation Games, but found it interesting that it was billed as film about the advent of the computer age, when actually to me, it seemed to be more a statement about living in the shadows due to ones' sexual orientation. BFG Just watched it. A very good movie. The blurb across the sc...
by HardKnocker
Fri Apr 24, 2015 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4532

Re: 1/3 of those SAVING for retirement have less than $1000

Fixed:

"1/3 of those not SAVING for retirement have less than $1000"
by HardKnocker
Fri Apr 24, 2015 8:12 am
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 4156

Re: What is too long to stay the course?

The Captain of the Titanic stayed on course too long. :happy I will simply repeat that "stay the course" is a horse racing not a maritime term :happy https://www.bogleheads.org/forum/viewtopic.php?f=10&t=130693#p1924995 It's rumored Nelson said this at Trafalgar: "Stay the course...
by HardKnocker
Fri Apr 24, 2015 6:56 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 13719

Re: 2 million dollar mistake meeting with MIL's financial gu

The letters "CLU" after an advisor's name are a red flag.

Run! Run as far and as fast as you can!
by HardKnocker
Fri Apr 24, 2015 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Real Estate Investing Concept
Replies: 7
Views: 785

Re: Real Estate Investing Concept

Have read a wealth of information on real estate investing, but not much that is particular to my situation. Thought I might ask here. Assume you're earning a high income, and maxing out all retirement vehicles each year, plus a lot in taxable accounts, with no debt. Wise idea to max out my persona...
by HardKnocker
Fri Apr 24, 2015 6:53 am
Forum: Investing - Theory, News & General
Topic: What is too long to stay the course?
Replies: 50
Views: 4156

Re: What is too long to stay the course?

The Captain of the Titanic stayed on course too long.

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by HardKnocker
Thu Apr 23, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 12889

Re: How much do you pay in Property Taxes?

Real estate taxes in NJ are high but there are lots of potholes to fill. Fixing all those potholes is expensive!

And paying all the bribes and payola. That's not cheap.
by HardKnocker
Thu Apr 23, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 232
Views: 25202

Re: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40

These books make for good reading.

After reading please deposit in nearest recycling container. If a recycling container is not available place in trash.

Please don't litter.
by HardKnocker
Thu Apr 23, 2015 7:27 am
Forum: Personal Consumer Issues
Topic: Blacktop Driveway Sealing
Replies: 20
Views: 2035

Re: Blacktop Driveway Sealing

It depends on how big the driveway is. How big is the driveway? My driveway is about 15 feet wide by 40 feet. I do mine myself and use about four 5 gallon containers of good quality sealer from Home Depot. The sealer is about $30 a container. I buy a bottle of crack filler for about $8. So it costs ...
by HardKnocker
Wed Apr 22, 2015 6:42 am
Forum: Personal Finance (Not Investing)
Topic: $6 billion of 401(k) loan defaults each year
Replies: 9
Views: 1785

Re: $6 billion of 401(k) loan defaults each year

There can be good reasons to borrow from a 401k but generally it is a poor financial decision.

Using 401k funds or home equity to finance consumer purchases is very bad. I have acquaintances who have done this repeatedly.
by HardKnocker
Wed Apr 22, 2015 6:32 am
Forum: Personal Consumer Issues
Topic: New Furnace & A/C Unit
Replies: 37
Views: 4425

Re: New Furnace & A/C Unit

The new units can be tremendously more efficient than the older units. Of course it depends on what the efficiency of your current units are. Still, it will be quite awhile before you get your "payback" on a new installation. From a money standpoint it rarely makes sense to replace if the ...
by HardKnocker
Wed Apr 22, 2015 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Potential new home is well-priced, but...
Replies: 31
Views: 3028

Re: Potential new home is well-priced, but...

I'd think twice before buying this home.

You have to be all in. If you can't afford the upkeep to maintain the home then you will indeed lose the "vibe' the home has.

Buying the home is just the first step. Maintaining the home over the long haul is another.
by HardKnocker
Mon Apr 20, 2015 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married - Both 28 - NYC residents - How are we doing?
Replies: 26
Views: 3014

Re: Newly Married - Both 28 - NYC residents - How are we doi

53% of our cash earns 2.5% interest in our credit union checking accounts If not a problem, can you say which credit union you are using? I'm piqued by the 2.5% interest rate as my emergency fund is currently earning nothing with BoA savings. I'm in NYC area as well. Using NEFCU - Nassau Educators ...
by HardKnocker
Mon Apr 20, 2015 8:46 pm
Forum: Personal Consumer Issues
Topic: Need advice for buying a blu ray player
Replies: 15
Views: 1020

Re: Need advice for buying a blu ray player

I recently bought a Fuji Blu-Ray player at WalMart for $35.

It works well.

I have a refurbished PC connected to my TV too so I can access the web.

The refurb PC was about $100.
by HardKnocker
Mon Apr 20, 2015 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for GFs school - any way to help myself?
Replies: 76
Views: 5282

Re: Paying for GFs school - any way to help myself?

Why are you doing this? I second this motion. Third. Wife, even fiancee is one thing. Girlfriend is another. It's your money and you can do what you want, just be smart about it. 4x Its your relationship and not sure how long you have been with her, but make sure she doesn't dump you the day she gr...
by HardKnocker
Mon Apr 20, 2015 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6282

Re: Stocks are on sale, should I buy?

I will rely on the old standby of 15 times earnings as an approximate measure of a fairly priced market. The dollar-cost-average investor, which most Bogelheads are, would not be concerned with this. Those who would advise a lump sum investment of 100% of their funds to the Total Stock Market Index ...
by HardKnocker
Mon Apr 20, 2015 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6282

Re: Stocks are on sale, should I buy?

The market is overpriced at this time. Not on sale. Of course it can still go higher. The market is priced at exactly the value that those with capital believe it is worth. This is the mantra to remind yourself. It is not overpriced or underpriced. Can liquidity, earnings or other economic changes ...
by HardKnocker
Sun Apr 19, 2015 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 54
Views: 6282

Re: Stocks are on sale, should I buy?

The market is overpriced at this time.

Not on sale.

Of course it can still go higher.
by HardKnocker
Mon Apr 13, 2015 8:34 pm
Forum: Personal Consumer Issues
Topic: Kitchen upgrade - granite selection help
Replies: 52
Views: 5066

Re: Kitchen upgrade - granite selection help

I don't know if anyone mentioned this but some granite countertops are quite radioactive.

You might want to check out selection if you can.
by HardKnocker
Mon Apr 13, 2015 8:18 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 81
Views: 11651

Re: Neighbor hired a surveyor. Should I be nervous?

Most people get a new survey when they buy the house. Perhaps when that survey was done, the surveyor didn't put in boundary stakes. They sometimes charge more to put in stakes. He may have called the surveyor back to just clear up where his property line is and find out who owns the fence. It alway...
by HardKnocker
Mon Apr 13, 2015 7:55 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 81
Views: 11651

Re: Neighbor hired a surveyor. Should I be nervous?

The other day, I saw a surveyor working in my neighbor's yard before I left for work. When I got home, I saw that the surveyor had hammered in wooden stakes into what I had thought was my yard. The stakes have written "property line" on them. There is a wooden fence separating my neighbor...
by HardKnocker
Mon Apr 13, 2015 7:10 pm
Forum: Personal Consumer Issues
Topic: Price for new furnance & AC unit
Replies: 21
Views: 1678

Re: Price for new furnance & AC unit

I think Goodman makes a good unit. A Lennox is not 2x as good as a Goodman. That is a ridiculous statement. I couldn't buy a Goodman unit myself to have it installed. And when I priced it out with an installer it was the same price as a major brand unit. You can find bad reviews about any furnaces o...
by HardKnocker
Sun Apr 12, 2015 3:37 pm
Forum: Personal Consumer Issues
Topic: Unsolicited offers to buy your house
Replies: 14
Views: 2220

Re: Unsolicited offers to buy your house

I'm wondering if unsolicited offers to buy your house have become pervasive nationwide in the US. In my small sample of mostly western US cities, several people I've talked to are also getting a fair number of these "I will buy your home as-is" letters in the mail. The letters I've receiv...
by HardKnocker
Sat Apr 11, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 4050

Re: What is Sammy Savers net worth?

Zero. Sammy came home early from golf on Sunday and found wife Sandy in bed with his brother Steve. Sammy was heart broken because he and Sandy had been childhood sweethearts and married after high school. Sammy always looked up to Steve as a kid. You see, Sammy and Steve's dad liked to drink and m...
by HardKnocker
Sat Apr 11, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: What is Sammy Savers net worth?
Replies: 41
Views: 4050

Re: What is Sammy Savers net worth?

$1,250,000
by HardKnocker
Sat Apr 11, 2015 7:14 am
Forum: Personal Consumer Issues
Topic: Price for new furnance & AC unit
Replies: 21
Views: 1678

Re: Price for new furnance & AC unit

I talked to a Lennox dealer at a Costco today. A 95% efficient furnace with a 2 ton AC unit SEER 16 was in the $6500-$7000 range after about $900 in rebates from the local gas & electrical utility. I just started looking, but this seems a bit high to me. Any advice on how to approach this would...
by HardKnocker
Thu Apr 09, 2015 10:06 am
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 2570

Re: Tree roots growing into sewer lines

It's often best to consider the least invasive/drastic/expensive options first.
by HardKnocker
Thu Apr 09, 2015 9:56 am
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 2570

Re: Tree roots growing into sewer lines

$190/hr does seem like a lot but remember the guy has his truck, equipment & tools (which break and have to be replaced. A good pro power auger is quite expensive). Transport to and from the job. Wages, benefits, insurance, licenses, permits, etc. Not too mention it is an unpleasant job quite of...
by HardKnocker
Thu Apr 09, 2015 9:19 am
Forum: Personal Consumer Issues
Topic: Tree roots growing into sewer lines
Replies: 41
Views: 2570

Re: Tree roots growing into sewer lines

Two possible solutions: 1) Have the line reamed out professionally. Not cheap. Roto-Rooter in my area charges $400 minimum. You can do it yourself with a rented power auger for $50 for 4 hours from Home Depot. You can get augers with 100 foot snakes. You need to access the line somehow. Can you acce...
by HardKnocker
Thu Apr 09, 2015 9:09 am
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 4947

Re: Poll: What is the credit limit of your credit card?

$40,000+

In the perverse logic of banking, give large amounts of credit to those who do not need it.
by HardKnocker
Mon Sep 22, 2014 11:03 am
Forum: Personal Consumer Issues
Topic: Basketball systems: In Ground or Portable?
Replies: 16
Views: 1081

Re: Basketball systems: In Ground or Portable?

airahcaz wrote:
HardKnocker wrote:Years ago I installed a permanent post and backboard.

If I did it again I'd go with the portable setup.


Ok. Excellent feedback. Tell me why please?! :)


Sooner or later all basketball hoops are abandoned. With a portable you just put it to the curb or give it away.
by HardKnocker
Sun Sep 21, 2014 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Trusting our advisor?
Replies: 25
Views: 3518

Re: Trusting our advisor?

You can't trust nobody.
by HardKnocker
Sun Sep 21, 2014 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Critique my thoughts on Real Estate Investing
Replies: 17
Views: 1320

Re: Critique my thoughts on Real Estate Investing

I am currently considering investing approximately 30% of my portfolio into real estate. Most would be tangible, specifically duplexes (or some other multifamily residence) or inexpensive (sub $150k) single family homes. I would increase liquidity and diversification with some REIT holdings as well...
by HardKnocker
Sun Sep 21, 2014 10:59 am
Forum: Personal Consumer Issues
Topic: Basketball systems: In Ground or Portable?
Replies: 16
Views: 1081

Re: Basketball systems: In Ground or Portable?

Years ago I installed a permanent post and backboard.

If I did it again I'd go with the portable setup.
by HardKnocker
Fri Sep 19, 2014 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Property
Replies: 10
Views: 950

Re: Investment Property

I can't see how buying a new home for full market value would be a good investment unless the market is superhot or you hold the property for years and years. Otherwise you are stuck. As long as they are still building out the development you will likely not be able to sell it for what you invested....
by HardKnocker
Tue Sep 16, 2014 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Any FRANCHISE owners here?
Replies: 30
Views: 3983

Re: Any FRANCHISE owners here?

Read this in an article recently: Dunkin' Donuts, in most areas, no longer makes the donuts in the stores. They are made in a central facility and shipped to the stores. Getting up at 3AM to make the donuts is in the past. I guess you get up to meet the delivery truck. Dunkin' Donuts is really in th...
by HardKnocker
Tue Sep 16, 2014 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Talk Me Off The Edge
Replies: 8
Views: 1841

Re: Talk Me Off The Edge

"C'mon on inside Mr. Betatracker. You have a lot to live for. Just come back inside off that ledge. Think of your family, Mr. Betatracker."

:wink:

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