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Re: Purchasing New Tires for Car and Need Suggestions

I have had the best luck with Michelins, recently I purchased new Michelins that are energy savers, I calculated the mpg before and after, I get 1 to 2 mpg more. I took my online quote to a local tire company and they offered the same price and free lifetime rotations. My local car dealer is offerin...
by Lynxville
Tue Apr 01, 2014 6:50 am
 
Forum: Personal Consumer Issues
Topic: Purchasing New Tires for Car and Need Suggestions
Replies: 38
Views: 2008

Re: Flipping houses

You need to be in a hot market, so when your done you can cash out fast. It's best if your extremely handy to do most of the work yourself. I did a flip once and the market wasn't the greatest at the time, so by the time it sold, with mortgage, taxes, and real-estate comissions I think I broke even....
by Lynxville
Wed Feb 19, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: Flipping houses
Replies: 12
Views: 1390

Re: The PenFed Craze

dual wrote:
Lynxville wrote:GE credit has the same cd's as PenFed, bought them last month.


Could you provide a link to the GE Credit offer?

Edward Jones brought it up on there computer and I bought a ladder of a couple of cd's.
by Lynxville
Thu Jan 23, 2014 7:52 am
 
Forum: Investing - Theory, News & General
Topic: The PenFed Craze
Replies: 32
Views: 4718

Re: The PenFed Craze

GE credit has the same cd's as PenFed, bought them last month.
by Lynxville
Wed Jan 22, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: The PenFed Craze
Replies: 32
Views: 4718

Re: SPIA or 3% Interest

Do you need more income? No I don't but sure would spend it. I just thought Spia might make me more diversified. I am also laddered at Penfed and thought another 3% cd isn't needed. Not concerned about leaving money to kids, there doing better than I did. But they will inherit some nice realestate....
by Lynxville
Sun Jan 19, 2014 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: SPIA or 3% Interest
Replies: 36
Views: 1853

Re: SS numbers and identity theft

At my doctors office they copy your Medicare card and dl, put that info on the inside of your medical record. Everyone in the office has access to all the info they need to steal or sell the info. I often give out fake or old phone numbers to stores, but sometimes it can backfire. I returned somethi...
by Lynxville
Sun Jan 19, 2014 9:08 am
 
Forum: Personal Consumer Issues
Topic: SS numbers and identity theft
Replies: 39
Views: 2837

SS numbers and identity theft

I was unfortunate and shopped at Target during cc theft. Everyone always tells you to be careful who you give your SS number to and not to carry the SS card with you. Your Medicare card has the number plastered on the front. If you loose your walled a thief could steal your identity. The last few we...
by Lynxville
Sat Jan 18, 2014 8:46 am
 
Forum: Personal Consumer Issues
Topic: SS numbers and identity theft
Replies: 39
Views: 2837

Re: Seller financing newbie

I did this twice and both times I had to call the buyers each month and say where is my money. I wouldn't do it again and I had an attorney do the paperwork. I eventually got paid but it's a hassle. My friend did this last year and the guy just called him and said take the building back. Be careful....
by Lynxville
Sat Jan 18, 2014 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Seller financing newbie
Replies: 11
Views: 441

Re: Anyone familiar with this? Bank asking for info...

Wells Fargo pulled that on me, while I was in the bank. I said why are you asking me this and they said they wanted to get to know me better. Told them none of your business.
by Lynxville
Sat Jan 18, 2014 8:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone familiar with this? Bank asking for info...
Replies: 86
Views: 6462

SPIA or 3% Interest

I have a good chunk of money at 3% interest, I am well diversified in my investments, and retired. Just wondering if putting this money in a SPIA would be better than just leaving it there for the interest money?
by Lynxville
Sat Jan 18, 2014 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: SPIA or 3% Interest
Replies: 36
Views: 1853

Re: Renting Our Starter Home - Pros and Cons

Does your mortgage require you to occupy the home and can they call the note due? If you rent the house out, make sure you have extra cash for prolonged vacancies, repairs, evictions, and lawyer fees. Will you be close by to manage the property, make repairs, collect rent, and show the property?
by Lynxville
Tue Jan 14, 2014 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Renting Our Starter Home - Pros and Cons
Replies: 31
Views: 2765

How much life insurance should you carry when retired

When I turned 65 a couple policy's ran out, still have some but was wondering if I should buy a term policy for the wife and me.
by Lynxville
Tue Jan 07, 2014 8:47 am
 
Forum: Personal Finance (Not Investing)
Topic: How much life insurance should you carry when retired
Replies: 47
Views: 2181

Re: mobile home in central fla. renting vs resident owned

Stay away from lot rent, own the land.
by Lynxville
Tue Dec 24, 2013 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: mobile home in central fla. renting vs resident owned
Replies: 5
Views: 611

Re: Search for passive income- through real estate?

There is money in the right real estate, depending on location. But most people don't have the stones for it. It can be very aggrevating and can take lots of your time. If you don't have the time it will take lots of your money to own. To run the property right you have to actively manage it. If you...
by Lynxville
Thu Dec 12, 2013 8:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Search for passive income- through real estate?
Replies: 27
Views: 1977

Re: Rental Property Question

As a young man I started out with one unit and rolled them up over the years and ended up with 70 units. More cash flow, more appreciation, more depreciation, and in the end more money. Some people have the stomach for tenants and some don't. Never had any luck with property managers, cost way to mu...
by Lynxville
Sat Nov 30, 2013 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property Question
Replies: 16
Views: 1719

Re: Purchasing rental property vs. REITs

I like the cash flow, but is the location good? I made the big money on appreciating property values. (location, location, location) It may be a while until property values rise, but eventually they will. In the last 6 month's I have noticed some appreciation in my area. With the new mortgage rules ...
by Lynxville
Thu Nov 28, 2013 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Purchasing rental property vs. REITs
Replies: 17
Views: 1338

Re: Rental Property Question

I can't tell you whats right for you and your family, but I know what I would do. First off I like living in the same city I have rental property. Just in case I have problems or repairs I can do myself and save money. I would roll the property up in a 1031 exchange on a larger property. No capitol ...
by Lynxville
Thu Nov 28, 2013 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property Question
Replies: 16
Views: 1719

Is there a place for annuities in retirement?

Should a small percentage of your net worth be in annuities? If so which ones? Spia?
by Lynxville
Mon Nov 25, 2013 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Is there a place for annuities in retirement?
Replies: 10
Views: 960

CFP and retirement investing help! Not sure what to do?

I talked to 4 planners, the first one, Edward Jones pushed annuities and one fund. The second one pushed 3 annuities and wim. The third one pushed Franklin Income Fund with fees and sales charges of $13,823 per 100K. These look horrible to me. I then called VG for help, they basically wanted me to p...
by Lynxville
Thu Nov 21, 2013 6:55 am
 
Forum: Investing - Help with Personal Investments
Topic: CFP and retirement investing help! Not sure what to do?
Replies: 1
Views: 236

Re: Variable annuity

Thanks for the responses, I guess if it sounds to good to be true. I might just be better off with Vanguard 3.2% cd.
by Lynxville
Sat Nov 02, 2013 7:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity
Replies: 7
Views: 778

Variable annuity

I am looking for some cash stream and retired. I did search the site but didn't find the info I wanted. It pays 5% for life and has a good death benefit. I know annuities are not very popular, but it seems like a no brainer for me to invest a modest amount of my portfolio. I was looking also at Vang...
by Lynxville
Fri Nov 01, 2013 6:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Variable annuity
Replies: 7
Views: 778

Federal Reserve proposing banks keep 30 day supply of cash

and assets on hand, small banks 21 days reserve, during severe economic downturns. What the heck's coming down the road? Maybe I should keep 30 days of cash under my mattress? Sounds like there gearing up for a run on the banks.
by Lynxville
Fri Oct 25, 2013 7:29 am
 
Forum: Investing - Theory, News & General
Topic: Federal Reserve proposing banks keep 30 day supply of cash
Replies: 3
Views: 462

Twitter IPO?

Any opinions on whether this would be a buy and hold?

Thanks
by Lynxville
Sun Oct 20, 2013 7:17 am
 
Forum: Investing - Theory, News & General
Topic: Twitter IPO?
Replies: 60
Views: 2478

Re: Good Real Estate move?

This sounds crazy, if it were my daughter, gift her the money. In my experience the savings and loan is very interested in where the down stroke came from. Also they made me sign off that is was a gift. If it's a gift there is tax on that money. It sounds to me that OP daughter might not be responsi...
by Lynxville
Sat Sep 07, 2013 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Good Real Estate move?
Replies: 47
Views: 3011

Re: Social Security timing for married couple

Everyone thinks there going to live a long healthy life, but many don't. Some that do, are not healthy, and may not enjoy life. Keep that in mind when planning retirement. The person that manages my retirement money just died at 50. He was going to take SS at 70 also.
by Lynxville
Wed Jun 12, 2013 8:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Social Security timing for married couple
Replies: 10
Views: 1016

Re: Duke Energy and FKINX-A

Thanks for your replys. I am sitting on a large amount of cash, that's not making much income. I am really interested in increasing monthly cash flow.
by Lynxville
Fri Feb 01, 2013 8:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Duke Energy and FKINX-A
Replies: 10
Views: 1090

Duke Energy and FKINX-A

An advisor I talked with wants me to invest in these two. I am retired and just hate the low cd rates and looking for some extra income. Just wanted opinions on these two.

Thank you in advance
by Lynxville
Thu Jan 31, 2013 8:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Duke Energy and FKINX-A
Replies: 10
Views: 1090

Re: What to Invest in - Real estate, or buy a business?

A resturant needs active management by an experienced person. No one will run the business better than the owner and by the way you need to put your mattress in the resturant. Walk away. If your rentals are in an area that has strong rental demand, good rents, and apartment prices at the bottom, why...
by Lynxville
Fri Jan 18, 2013 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: What to Invest in - Real estate, or buy a business?
Replies: 24
Views: 1666

Election market timing?

Justs trying to get opinions on when to get out of the market during an election year? I know market timing is not a science but historicly there may be some bump ups and then I'll bale.
by Lynxville
Sat Sep 29, 2012 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Election market timing?
Replies: 4
Views: 547

Ford

I bought F at $1.14 and should of sold at 18.00 but didn't. Now I am wondering if I should sell or hold? What does everyone think?
by Lynxville
Thu Jul 12, 2012 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ford
Replies: 13
Views: 991

What to invest in?

I have a number of friends that are retired and are so tired of cd rates, there even looking at annuitites they don't understand. Any safe places to make a little money? I am interested and so are my friends. I don't know what to tell them.

Thanks
by Lynxville
Thu Mar 22, 2012 9:00 am
 
Forum: Investing - Help with Personal Investments
Topic: What to invest in?
Replies: 4
Views: 409

Re: Allianz Annuity

Thanks for the excellent posts, even a friend of my neighbor is interested in buying one. So I printed some responses and the articles linked in the posts for them to read. I also highlighted the important points in red ink.

Thanks
by Lynxville
Wed Mar 14, 2012 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Allianz Annuity
Replies: 26
Views: 2137

Re: Allianz Annuity

First off my neighbor made another appointment for Friday and it sounds like she might pull the trigger. So anyone that has an opinion please chime in before it's to late. I'ts not my duty to tell other people what to do with there money but I know she cannot afford to lose her money, but she is som...
by Lynxville
Tue Mar 13, 2012 7:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Allianz Annuity
Replies: 26
Views: 2137

Re: Allianz Annuity

Thanks for the replys, going to the meeting today, will report back, wish I had a small tape recorder, also I wrote down the great questions posters recommended, see what kind of responses I get. Also thought of a few good questions myself. I can see that a 7% return may be calculated with return of...
by Lynxville
Mon Mar 12, 2012 8:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Allianz Annuity
Replies: 26
Views: 2137

Allianz Annuity

Some friends went to a free a lunch to listen to seminar about senior investing. Many of my friends are somewhat desparate to find income with there idle cash. Not fond of annuities myself, they are going to another 2 hour seminar about the mystery investment that supposedly pays 7% interest and is ...
by Lynxville
Sat Mar 10, 2012 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Allianz Annuity
Replies: 26
Views: 2137

Re: Phoenix annuity, fixed

Thanks for your replys, I am getting nervous and think I will pass, plus they are trying to sell the same annuity to some friends, and will suggest they don't buy either.
by Lynxville
Thu Nov 17, 2011 5:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 4190

Re: Phoenix annuity, fixed

Just to clarify, if you hold it you get 14% per year bump, but not the 45k. If you wait 2.1 years before taking benefits you get 45k added to your orginal 100k investment, they use this figure to compute your annual payments. But in actuality, they are not giving you 45k. The reason and the only one...
by Lynxville
Wed Nov 16, 2011 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 4190

Re: Phoenix annuity, fixed

Update: It's the Pheonix P.I.A. income annuitsy. If you invest 100k for 2.1 years they give you a bump on income base to 145K, at that time it pays $6300 per year for the life of either me or my wife. If we both die, the remainder of the annuity 110k minus the payments goes to our children. The paym...
by Lynxville
Wed Nov 16, 2011 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 4190

Phoenix annuity, fixed

Just had a salesman tell me about this annuity, it's a fixed annuity, $100.000 pays about 6300 per year for life, with surviviorship. Not doing good in the stock market, and cd's are paying next to nothing, anyone have an opinion? Also it pays 14% insterest and they add 45%, in 2 years and one day t...
by Lynxville
Tue Nov 15, 2011 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Phoenix annuity, fixed
Replies: 107
Views: 4190

I have a summer home and many of the lots around my house were bought with hopes of higher prices and they were wrong. I recently stole 2 of them for much less than the owners paid 10 years ago. Because the lots isolate my home from development I have use for them. But with property tax and unless y...
by Lynxville
Tue Jun 21, 2011 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on investing in an undeveloped residential lot
Replies: 8
Views: 1107

I appreciate the help, I must include the fact that this money is tax defffered, in a retirement account that pays peanuts. I am also concerned about bonds losing value, because interest rates must go up someday. Never saw them so low so long.
by Lynxville
Tue May 03, 2011 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds
Replies: 10
Views: 1918

Thanks for the replys, I am 62, have SS and good retirement, married, have other good cash reserves, stocks, too many cd's, no debt. My 150K is parked because of my consertive attitude, had it invested in aggressive account and got out before I had a big loss.It now pays .08% interest, which sucks. ...
by Lynxville
Mon May 02, 2011 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds
Replies: 10
Views: 1918

Vanguard funds

Would like to invest 150K for about 5 years, I am retired, then start to withdraw monthly.

Whats your opinion on:
28% Total Stock Market Indes Fund
12% Total International Stock Index Fund
60% Total Bond Market Index Fund

Very risk intolerant

Thanks
by Lynxville
Sun May 01, 2011 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds
Replies: 10
Views: 1918

Vanguard help

I have a pre- tax deffered retirement account, 6 figure amount, I am 62 and retired, this account is paying .005% per year. It's a safe place to park, the income growth areas were to volitale for me. I have no tolerance for risk of principal. I can only transfer this money to VANGUARD FUNDS . I woul...
by Lynxville
Tue Jan 25, 2011 8:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard help
Replies: 2
Views: 553

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