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Re: Dr. Thomas Stanley

I found out I was already doing most of what they wrote in the book when my wife went out and bought a copy of Millionaire Next Door for my birthday. It came as a relief to know that we were on the right path especially when we had serious doubts as I saw my neighbors living large. Turns out the ne...
by Swampy
Wed Mar 04, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Dr. Thomas Stanley
Replies: 3
Views: 443

Re: Any ever do a small addition on their house?

Years ago, I looked into adding about 300 SF for an extra bedroom and closet without extra plumbing, etc. The quotes I got were for MORE than the original price of our home, purchased just a few years earlier.

We moved.
by Swampy
Wed Mar 04, 2015 7:16 am
 
Forum: Personal Consumer Issues
Topic: Any ever do a small addition on their house?
Replies: 20
Views: 1193

Re: Is Yahoo Mail working very slowly???

Here's the screwy thing, it's working fine tonight. I believe that the issue is with Yahoo and not with my computer, even though I installed a pop up blocker last month and initially considered blaming it. The problem with Yahoo Mail has happened intermittently in the past where it just did not oper...
by Swampy
Tue Mar 03, 2015 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1104

Re: Tourists in Manhattan

Staying in NYC is crazy expensive! When I went, they wanted $75 a night just for overnight parking at a Manhattan hotel. Forget that. That was in 2010. FWIW, my recommendations: 1) Embassy Suites in Secaucus-Meadowlands. You get a full hot breakfast to start the day right. Free parking (at least wh...
by Swampy
Tue Mar 03, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Tourists in Manhattan
Replies: 32
Views: 2055

Re: Is Yahoo Mail working very slowly???

A few weeks ago I added Adblock to the computer. It worked well stopping annoying popup ads. The Yahoo Mail problem didn't start until yesterday. Just to try it, I went into Adblock and adjusted the setting to not work on Yahoo Mail. Voila, Yahoo Email started working a lot faster...but still not ba...
by Swampy
Tue Mar 03, 2015 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1104

Is Yahoo Mail working very slowly???

My computer is a Mac Mini which has been working great...until the last 24 hours and only when on Yahoo Mail. It is a shared computer with the whole family. I use it for a variety of things, including financial transactions and bill pay as well as downloading financial statements. My family uses it ...
by Swampy
Tue Mar 03, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Yahoo Mail working very slowly???
Replies: 26
Views: 1104

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

I found out I was already doing most of what they wrote in the book when my wife went out and bought a copy of Millionaire Next Door for my birthday. It came as a relief to know that I was on the right path especially when I had serious doubts as I saw my neighbors living large. Thanks to Tom Stanl...
by Swampy
Mon Mar 02, 2015 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 48
Views: 8001

Re: What if you already have a couple million?

The true question is "Why keep playing the game if you've already won?" Circumstances can change and you might want to retire earlier than planned. How would you position your assets 3-5 years from retirement? A true tragedy of life occurs when 30 and 40 year olds have plans to travel and...
by Swampy
Mon Mar 02, 2015 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 6078

Re: Paris France help/suggestions for women

I wouldn't be wandering around with all sorts of cash, ID's and credit cards. When we travelled, we only carried daily cash separated into several areas, including a money belt, button down shirt pockets and tucked into my wife's bra. DO NOT go to the currency exchange at the airport! You will do mu...
by Swampy
Mon Mar 02, 2015 9:02 pm
 
Forum: Personal Consumer Issues
Topic: Paris France help/suggestions for women
Replies: 22
Views: 1380

Re: airbnb tips?

It's interesting to read about the 'legality' status of rentals. The place we had a problem with the landlord was literally on embassy row in a European city. While the unit itself was 'OK,' it was in a high security neighborhood and building which did not allow short term rentals and sublets. Fortu...
by Swampy
Mon Mar 02, 2015 8:33 pm
 
Forum: Personal Consumer Issues
Topic: airbnb tips?
Replies: 20
Views: 1588

Re: airbnb tips?

I'm less than impressed with AirBNB after staying in several of their listed properties. I would strongly urge you to be sure you know exactly how to contact them from Europe when you have problems with a rental, especially with a weirdo landlord. Read the listings carefully, if it sounds too good t...
by Swampy
Sat Feb 28, 2015 5:58 pm
 
Forum: Personal Consumer Issues
Topic: airbnb tips?
Replies: 20
Views: 1588

Re: Life insurance - how much is needed

I've heard life coverage recommendations between 8-20 times annual income from agents. It certainly depends on your debts and the number of kids you leave behind. Since life insurance is tax free, it should be more than enough to offset your lost income minus income taxes. Based on your numbers for...
by Swampy
Fri Feb 27, 2015 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance - how much is needed
Replies: 18
Views: 1274

Re: The Non-Millionaire Next Door

The favorite commercial that continues to epitomize my neighbors over the last few decades is this: https://www.youtube.com/watch?v=r0HX4a5P8eE I used to beat myself up for years when I saw others with all the latest cars, boats, toys and do-dads and expensive vacations...wondering what I was doing ...
by Swampy
Tue Feb 17, 2015 8:16 am
 
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 6243

Re: When would you retire money no object?

That would have happened right after graduating from high school. Decades of work kept me from enjoying and truly living a long part of my life. Now that I'm retired, I realize what I've been missing all those years. I started with nothing. After all these years, I have most of it left. :wink:
by Swampy
Tue Feb 17, 2015 8:07 am
 
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 3275

Re: Not clearing snow from driveway

Our neighbors, much older than us, are extremely diligent...We, not so much...is there a cost to this? Why don't you call your insurance agent or one of those personal injury lawyers who advertise on TV and ask them? I started with nothing. After all these years, I have most of it left. :wink:
by Swampy
Tue Feb 17, 2015 8:03 am
 
Forum: Personal Consumer Issues
Topic: Not clearing snow from driveway
Replies: 81
Views: 5813

Re: Spring Break Ideas for Apr 4-11 for girls 4,6 yrs

Hands down - Florida Gulf Coast. Should be quite toasty in April.

The girls will like the beaches.

Easy drive from Georgia, not as crazy as Orlando and overall better family atmosphere than the Atlantic side of Florida.

Take your pick anywhere from Clearwater to Naples.
by Swampy
Sat Feb 14, 2015 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Spring Break Ideas for Apr 4-11 for girls 4,6 yrs
Replies: 45
Views: 2383

Re: why stocks outperform other asset classes in the long ru

Do they? The stock market operates on the "Greater Fool Theory" in my opinion. Disney has nothing on the fantasies offered by Wall Street. Unfortunately, sooner or later, the guy at the end of the line gets to hold a really angry cat in the bag that'll shred him to bits. Just look at the P...
by Swampy
Sat Feb 14, 2015 9:39 am
 
Forum: Investing - Theory, News & General
Topic: why stocks outperform other asset classes in the long run ?
Replies: 51
Views: 3366

Re: About to stop using DFA/Dropping Advisor

mikedc813 wrote: I confirmed that all of my DFA funds can be held in Vanguard. True, however I just got off the phone with Vanguard. You can only hold or sell DFA funds after you transfer DFA funds to Vanguard, you CANNOT buy more which puts a damper on rebalancing. So, if you plan on annual rebalan...
by Swampy
Tue Feb 10, 2015 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: About to stop using DFA/Dropping Advisor
Replies: 29
Views: 3922

Re: When 60/40 just isn't appropriate

nisiprius wrote: The results usually show the optimum to be at 50% stocks or less--sometimes much less. For example, if we consider 1926 to 1952, the year in which CREF was founded, I am seeing this. 35/65 was the optimum. Personally, I am on the side of caution. Attributed to Will Rogers: "I a...
by Swampy
Sat Feb 07, 2015 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 13103

Re: What exactly is "wealthy?"

Wealth is not only proportionate to what one has banked. It is also proportionate to how much 'healthy' time one can reasonably expect to enjoy and still have on Earth. Of what use is $73 BILLION to an 84 year old? I think the 'financial services industry' advocates a fool's game, especially when th...
by Swampy
Tue Feb 03, 2015 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4043

What exactly is "wealthy?"

It seems that the government and media seem to get net worth and income confused all the time. Based on definitions from the "Millionaire Next Door,' here are a few examples: A 60 year old neurosurgeon earning $700,000 a year who has a nest egg (excluding his home) of $2,000,000 is NOT (in my o...
by Swampy
Tue Feb 03, 2015 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4043

Re: Best ways to save on electricity bill

Sending energy hogs away to college!
:)
by Swampy
Mon Feb 02, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 47
Views: 4624

Re: Met a Vanguard basher TransAmerica Insurance pusher

[naked link and over-the-top comments removed by admin alex]
by Swampy
Mon Feb 02, 2015 9:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Met a Vanguard basher TransAmerica Insurance pusher
Replies: 41
Views: 4660

Re: 4 essential documents: Suze Orman

Gosh, anything for a buck!
by Swampy
Fri Jan 30, 2015 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: 4 essential documents: Suze Orman
Replies: 27
Views: 3608

Re: giving money

I think a lot depends on why this friend is down on their luck.

The last thing you want to do is enable or encourage bad decisions on their part. All that does is allow them to dig their hole deeper.

That, and it usually ends any relationship - permanently.
by Swampy
Fri Jan 30, 2015 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: giving money
Replies: 13
Views: 788

Re: The lowest stock allocation you plan to stay with

Currently retired. Have conservatively eased back from 35 to 25% over the last year. When there is a major correction, I'll ease back up to 35-40% max. I see absolutely no reason to take more risk than necessary at this stage. I have a low annual withdrawal. Unlike others, I have to concern myself w...
by Swampy
Fri Jan 30, 2015 8:23 am
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4349

Re: Get 17% in russian savings account?

8-)
https://www.youtube.com/watch?v=5yTVWXYctoY

Oh! Those Russians!


[link is to Boney M "Rasputin" music video]
by Swampy
Mon Jan 26, 2015 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: Get 17% in russian savings account?
Replies: 49
Views: 4552

Re: Time to stop driving for 85 yo MIL

I think a letter from her doctor to the DMV would suffice - but with all the new laws on privacy and HIPAA, you might not get anywhere. I suppose you could call her auto insurance agent and see if the auto insurance policy can be cancelled. That, alone, might be enough to keep her from getting behi...
by Swampy
Sun Jan 25, 2015 10:48 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 89
Views: 5761

Vanguard Flagship Service Experience

If anyone is using this - how satisfied are you with their services and how do you maximize your experience with them? What, if any, benefits do you like about it? Are you satisfied with their recommendations and your performance? If you were invested elsewhere, how was your prior experience with t...
by Swampy
Sun Jan 25, 2015 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Flagship Service Experience
Replies: 12
Views: 2340

Re: Annuity Concerns

I have spent several years trying to understand the benefits of an annuity and have gone to quite a few 'advisors forums' which are just slick sales pitches. My perspective is that annuities are something SOLD to people (who fear running out of money as the years progress) in order to enrich the sal...
by Swampy
Tue Jan 20, 2015 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Concerns
Replies: 8
Views: 741

Re: Preparing for baby and one income

A newborn baby needs a stay at home mom for the first 5 years of their life. EVERYTHING else is secondary.

Looking back on it, the worst mistake I made as a parent was hiring a nanny to watch my kids during their early formative years.

I mean it with all sincerity.
by Swampy
Sun Jan 18, 2015 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for baby and one income
Replies: 41
Views: 2377

Re: Florida in the summer

FWIW, I live in Florida. Travelled to NYC a few years ago when it was experiencing a "record breaking heat wave." It didn't feel 'hot' to me because the humidity was nowhere near what is experienced in Florida. Actually, I believe NYC hit 102 that day. It honestly felt cooler than a typica...
by Swampy
Sun Jan 18, 2015 4:22 pm
 
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 81
Views: 5600

Re: What do I have here? Metlife Var. Annnuity

Annuities peddled by unscrupulous shysters to the unsuspecting public (especially trusting senior citizens) as a "guaranteed investment" are the pink slime of the investment universe. In the end, the insurance company and avaricious salespeople end up with the rightful legacy instead of th...
by Swampy
Sun Jan 18, 2015 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do I have here? Metlife Var. Annnuity
Replies: 21
Views: 1175

Re: What is a good rule of thumb on savings vs salary?

Read the "Millionaire Next Door."

It explains what is needed in depth.
by Swampy
Sat Jan 17, 2015 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is a good rule of thumb on savings vs salary?
Replies: 20
Views: 3425

Re: Tony Robbins & Indexed Annuities

As I've alluded to elsewhere, after extensively studying the pro's and con's of putting money into an annuity, the only thing I can say about annuities is that they are the pink slime of the investment universe.

IMHO, Robbins is a self promoting con artist extra-ordinaire.
by Swampy
Sat Jan 17, 2015 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Tony Robbins & Indexed Annuities
Replies: 7
Views: 1301

Re: How do I retire?

I own a small one-bedroom apartment free...But the space IS feeling cramped...DON'T want to leave Manhattan, at least not now. As a kid growing up in the nebulous north, my family lived in a tiny home on a postage stamp sized lot. If I put my arm out the bedroom window, it was technically extending...
by Swampy
Sat Jan 17, 2015 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4815

Re: How do I retire?

After years of living frugally and saving voraciously, I've managed to accumulate approximately $5.2 million in assets Unless you think living frugally means living on more than $200,000 per year, you are in the catbird seat. Bottom line, if your personal living expenses do not exceed $4000 a week,...
by Swampy
Sat Jan 17, 2015 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I retire?
Replies: 53
Views: 4815

Re: How much does a large payment reduce mortgage

Go out and buy an HP 12-C calculator. It fits in your shirt pocket, is durable and is a handy-dandy tool for most things financial exactly like the question you posted. I've had the same one for nearly 30 years. Hands down, it is the BEST investment in your financial future you can make. It is insta...
by Swampy
Fri Jan 16, 2015 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

Re: How does an Efficient Market explain Buffett?

Political connections, insider knowledge, a team of tax lawyers and corporate attorney's, who are not readily available (or affordable) to the average investor, seem to be Buffett's secret.
by Swampy
Wed Jan 14, 2015 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 13269

Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?

I've been reading articles and posts on "deflation" or "disinflation" being a "bad thing." OK, why is it so bad to be paying less for items that cost more last year? At the gas station, I can fill the tank for less than $40. Last year I regularly spent $70+ for the same...
by Swampy
Mon Jan 12, 2015 7:57 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6262

Re: Saved for Down payment, but decided against house

This is money you should NOT put at risk, either in equities or bonds.

In my opinion, a short term CD or savings account yielding 1% is your safest, and most reasonable, option.
by Swampy
Sun Jan 11, 2015 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saved for Down payment, but decided against house
Replies: 5
Views: 570

Re: 16 Vanguard funds on the "Money 50" list

History reveals that anything Money magazine recommends usually goes down in value or does poorly overall compared to other investments.

This could be the kiss of death.

Darn.
by Swampy
Fri Jan 09, 2015 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: 16 Vanguard funds on the "Money 50" list
Replies: 5
Views: 1139

Re: Was it a mistake to move into PenFed 5-year CDs a year a

So who is offering a 3% five year CD?

Tobyhanna's deal is a 7 year CD and the rate caps once the account reaches $100,000 (including accrued interest over those 7 years).
by Swampy
Mon Jan 05, 2015 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 4933

Re: Real Value of Nest Egg

Read "High Expectations and False Dreams" by Otar.
by Swampy
Mon Jan 05, 2015 10:58 am
 
Forum: Investing - Theory, News & General
Topic: Real Value of Nest Egg
Replies: 24
Views: 1944

Re: Was it a mistake to move into PenFed 5-year CDs a year a

It all depends on your personal financial situation. Personal circumstances prevented me from committing to the 3% PenFed CD a year ago, as these cleared up, I was ready and willing, but the offer had lapsed. By keeping a significant part of assets in liquid cash, it dragged my overall portfolio ret...
by Swampy
Mon Jan 05, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Was it a mistake to move into PenFed 5-year CDs a year ago?
Replies: 55
Views: 4933

What was the return on your portfolio in 2014?

[Thread merged into here, see below (page 3). --admin LadyGeek]

Please state what your net overall portfolio return was (inclusive of any advisor/management fee's) and what your general asset allocation was in 2014 (excluding taxes).
by Swampy
Sat Jan 03, 2015 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 14461

Re: Where to put cash now? Prefer CD's.

Only to a small degree.

The way I see it, interest rates will go up - probably sooner than later.
by Swampy
Fri Jan 02, 2015 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put cash now? Prefer CD's.
Replies: 33
Views: 6929

Re: Bunn trifecta (coffee maker)

My $10, one liter French press is perfect. Superior to any coffee maker I ever had and the flavor is smooooooth! I used to use all sorts of flavored creamers and sweeteners to make the coffee palatable. Now I just use milk and a little sweetener. I initially wanted a Bodum Chambord, but found a gene...
by Swampy
Fri Jan 02, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Bunn trifecta (coffee maker)
Replies: 8
Views: 933
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