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Re: Do Private Company's have an advantage ?

Ooops, may have messed this one up. See's is owned by Berkshire Hathaway. Berkshire is a public company. But.....they don't seem interested in competing with Hersey or Nestle. Not interested in being the Global Lord of Candy. Edit ---------------------------------------------------------------------...
by burt
Sat Aug 16, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 644

Re: Do Private Company's have an advantage ?

I think it is public companies who have the advantage as they have easy access to capital. Private companies have to fund everything from cash flow from operations or through debt. I'm thinking Krispy Kreme donuts. Talked to a guy who said their family would drive 30 miles on Sunday morning for fre...
by burt
Sat Aug 16, 2014 6:54 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 644

Do Private Company's have an advantage ?

Do private companies have an advantage over public companies ? I think of Wegmans grocery stores in the North East (founded 1916. 83 stores. 10 more being built). We would frequently drive 45 minutes one way to go to Wegmans. We loved that store. Wegmans consistently ranks high for employee satisfac...
by burt
Sat Aug 16, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Do Private Company's have an advantage ?
Replies: 11
Views: 644

Re: A new stock index: companies with happy employees

Sorry, but I think I'm off topic. I'll start another thread. burt I think of Wegmans grocery stores in the North East (founded 1916. 83 stores). We would frequently drive 45 minutes one way to go to Wegmans. We loved that store. Wegmans consistently ranks high for employee satisfaction. Wegmans is a...
by burt
Fri Aug 15, 2014 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: A new stock index: companies with happy employees
Replies: 23
Views: 2083

Re: Renting forever: financial suicide?

"Landed gentry is a largely historical privileged British social class, consisting of land owners who could live entirely off rental income." Food, clothing, shelter, the basics of life. Amazing how shelter became a speculative casino. Really glad to be stepping off this train next year. b...
by burt
Thu Aug 14, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 90
Views: 9465

Re: That sudden moment when Money is not a Problem.........

This thread reminds me that my 59-year-old husband (in apparently vibrant health, and having meticulously cared for himself via lifestyle and regular physician visits due to family history) and I were planning a dream trip to Finland for last summer. We were having so much fun planning it. Sadly an...
by burt
Fri Aug 08, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6667

Re: Landlording for long-term wealth? Who's doing it?

Probably been discussed before but here is my take. Re-watching "The Flaw" on Netflix. There are "goods" and there are "assets" "Goods" are those items which are consumed (cars, dishwashers, clothes, food, i-phones, etc) "Assets" are those items whic...
by burt
Sat Aug 02, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7281

Re: Landlording for long-term wealth? Who's doing it?

I have been a landlord for 50 years. I'm sure you know this, but it's more hands on than Boglehead type investing. You are lucky to have a good tenant. I am almost 71 years old. All my rentals are paid off, so I have good cash flow. It can be financially rewarding but keep in mind there will be man...
by burt
Fri Aug 01, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7281

Re: Principal Residence = Poor Investment?

It comes down to:

How long do you plan to live in the home ?

How much control do you have in deciding to live in the home ?

burt
by burt
Fri Aug 01, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5285

Re: Dave Ramsey still defending 12% and still angry at "nerd

Dave Ramsey is a well paid entertainer with knowledge of budgets, debts, and maybe real estate.
His knowledge of investments is limited to those who pay him.

burt
by burt
Fri Aug 01, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22356

Re: Engineer career change

Currently engineer at Mega Corp.
5 employers over 30 years. Some moves my decision.... some not.
I used to like the profession until Wall Street gained control in the mid 90's.
It's a tough profession.
I probably wouldn't choose it again.


burt
by burt
Sat Jul 12, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5612

Re: Real Estate Prices By Region

Redfin is another one. I live in the Phoenix area and spent a lot time in Arizona and then the Phoenix area nailing down where I wanted to retire. +1. If your target area is supported by RedFin, I would highly recommend their site. very easy to use and updated daily. much better than zillow/trulia....
by burt
Sat Jul 12, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Prices By Region
Replies: 9
Views: 1754

Re: Recent problems with Vanguard's website?

Yesterday tried to reserve a rental car..... but website was crashing using Chrome.
Successful using Internet Explorer.

Maybe try using a different browser.

burt
by burt
Sat Jul 12, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Recent problems with Vanguard's website?
Replies: 21
Views: 1542

Re: Are hybrid cars a good idea yet?

I wish gasoline was priced at the true price without subsidies, direct and indirect.
$7/gallon would benefit the country, if not the world.

burt
by burt
Sun Jun 15, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 8253

Re: Poll: Luxury and Happiness

cheese_breath wrote: Now my primary luxury is Nabisco pinwheel cookies.


I like that. Very good.

I guess my pleasures might be homemade bread and quality shoes. Not stylish shoes, comfortable shoes.
OK, Good Bourbon.

burt
by burt
Sat Jun 07, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Luxury and Happiness
Replies: 141
Views: 8569

Re: Worst "Large purchase" ever?

We took vacations in 2005 (Greece) and 2006 (Paris) that we really couldn't afford at the time. We were newly married back then and weren't really thinking very clearly about the consequences of spending so casually. At least we got to see some interesting places, have some memorable experiences, a...
by burt
Mon May 26, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11713

Re: Worst "Large purchase" ever?

Perhaps luckily, the engine blew at 18k miles and I bought a used car that I didn't idolize and since then cars are just transportation. "since then cars are just transportation". I'm with you 100%. Since moving to the big city, I've realized that driving is a damn dangerous activity and ...
by burt
Sat May 24, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11713

Re: How do you make your money?

Engineer Mega Corp.

I'm really valuable when they need me....not so much when they don't.

burt
by burt
Sat May 24, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 13060

Re: Roll Call for the Retirement Class of 2014!

BoulderTrojan wrote:My last day of work was April 10, 2014. Age 53. My goal since age 18 has been to retire.


I like that. Not many will admit it.

burt
by burt
Sat May 24, 2014 7:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 166
Views: 15325

Re: Roll Call for the Retirement Class of 2014!

Congratulations to the Class of 2014 !

You guys/gals are the cool seniors....I'm a Junior looking at you as a role model.
Graduation in 2015.

burt
by burt
Fri May 23, 2014 8:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2014!
Replies: 166
Views: 15325

Re: Social Security at 62? Let’s Run the Numbers

I don't spend any time thinking about what I could have had if I had waited to take Social Security at a later age. I do know that I have received about 20k in payments since I turned 62 and have enjoyed spending every penny of it...No regrets whatsoever,the plan is working :happy You got it. Congr...
by burt
Sat May 17, 2014 9:24 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7531

Re: Social Security at 62? Let’s Run the Numbers

Johm221122 wrote:
burt wrote:Everyone has different circumstances ...but for me....

Time is more valuable than money. Taking SS at 62.

burt

What does time have to do with it, you don't have to take SS to retire :?:
John


Yes, if you have sufficient assets, you could just skip SS.

burt
by burt
Sat May 17, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7531

Re: An easy way to save money: Avoid the $300,000 car.

If you truly love driving a nice car, get one... I value 3-5 years of not having to work more.[/quote]

"I value 3-5 years of not having to work more."

You got it.

burt
by burt
Sat May 17, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17634

Re: Social Security at 62? Let’s Run the Numbers

Everyone has different circumstances ...but for me....

Time is more valuable than money. Taking SS at 62.

burt
by burt
Sat May 17, 2014 7:51 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7531

Re: Behavioral Impacts of the Sequence of Returns

Sequence of Returns……Ohh Damn, now I have something else to worry about. I like these Monte Carlo Simulations… I run out of money at 85 or I die with $2 million at age 90. Feels like the lottery. (and half the population doesn’t know the difference between a stock and a bond...assuming they have any...
by burt
Sat May 10, 2014 7:24 pm
 
Forum: Investing - Theory, News & General
Topic: Behavioral Impacts of the Sequence of Returns
Replies: 53
Views: 2467

Re: A Short Survey for Retirees

I had a stressful job with lots of projects, deadlines, and scrutiny by management when problems ensued. I always joked that I delegated stress but that was clearly not true. What I did not realize is how that affected me outside of work. I retired 3 years ago and I am now much more relaxed and it ...
by burt
Fri May 09, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: A Short Survey for Retirees
Replies: 73
Views: 5356

Re: Why am i stressed after being laid off? (3yr expenses sa

Yes, I think it is normal to be stressed after a layoff. Fear of the future. Fear of the unknown. I've been there. Laid off twice within 5 years. I remember losing my youthful optimism during those times. It never really came back. Remember, you can't prevent the attack....only your response to it. ...
by burt
Sat May 03, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Why am i stressed after being laid off? (3yr expenses saved)
Replies: 15
Views: 2572

Re: William Bernstein-When you've won the game, why keep pla

What a great thread. To the OP: My situation is very close to yours. My plans are similar to yours. To Bill Bernstein: Thank-you, for sharing your knowledge. Your statement “When you’ve won the game, why keep playing ?” is incorporated into my investment plan (verbatim). I’ve read the statement “nee...
by burt
Sat Mar 15, 2014 7:38 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 33144

Re: Age in Bonds - Who Follows a Different Strategy?

Yes, I guess I follow this formula. 40/60 stocks/bonds... but I am apprehensive. Basic living needs.... need to be secure. You can gamble a bit with trust funds for Grandchildren. In my opinion Age in Bonds works best for those with assets beyond basic living needs. burt For those that need a remind...
by burt
Sat Jan 25, 2014 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Who Follows a Different Strategy?
Replies: 132
Views: 7045

Re: High Earners - What's Your Profession?

Software in the Midwest. The definition of "high earner" is debatable, of course. Yes, if you make over $100k, you are in the top ~6% of individual income, so in that sense you would be a high earner compared to the 94% that make less than you. Looked at from that vantage point, of course...
by burt
Sun Jan 12, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28431

Re: Top 12.5% with $712,000 net worth

MichaelM24 wrote:Wow does that guy live in a bubble?

When you think being in the top 12.5% of the richest country ever is "modestly well off" you may be out of touch.


Think statistics. Mean vs Average.

burt
by burt
Sat Jan 11, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 5639

Top 12.5% with $712,000 net worth

Interesting Scott Burns article. Hope the link works below. http://assetbuilder.com/scott_burns/another_kind_of_investing You reach a maximum net worth between the ages of 60-69. You are in the top 12.5% with a net worth of $712,000 - Including your home. Even with Social Security (and maybe a pensi...
by burt
Sat Jan 11, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Top 12.5% with $712,000 net worth
Replies: 34
Views: 5639

Re: The Winter Blahs

The short days are what bother me about winter, so I track the sunrise/sunset times closely. We are now at the point of the year where the sunset is getting later everyday and the sunrise is getting earlier. We are over the hump. That makes me feel better. Even though there is still a lot of cold w...
by burt
Sat Jan 11, 2014 5:56 pm
 
Forum: Personal Consumer Issues
Topic: The Winter Blahs
Replies: 48
Views: 3389

Re: Tired [of Corporate Life]

My two cents. 55 years old, making $400K per year. Not getting into numbers but it appears you are close to “Winning the Game”. Very close to maintaining your current lifestyle for the next 30 + years. Congratulations. You've fought battles over the years and have survived. In my experience, people ...
by burt
Tue Dec 31, 2013 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tired [of Corporate Life]
Replies: 57
Views: 6705

Re: How to fight work place bullying

Dear OP,
I am sorry for your situation. I have been in those shoes more than once in by 30+ year career.

1900’s Coal Mines:
“If the donkey dies, I have to buy another one. If you die, I just get another one.”

burt
by burt
Mon Dec 23, 2013 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fight work place bullying
Replies: 76
Views: 5002

Re: What percentage of your income are you saving?

Wow, big numbers.
The Bogleheads are indeed not the average (or mean) of the population. Not even close.

Reminds me of the Bill Bernstein story.
Coconuts on an island. "matters not how much you save, but how much more you save than others".

burt
by burt
Sat Dec 14, 2013 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 12601

Re: Success Stories of Bogleheads

I feel very fortunate (lucky) to have stumbled onto the Bogleheads and the recommended reading list. When you are talking about investing 40 years of savings..... This is a Big Deal. When you are talking about living 30 years on savings........This is a Big Deal. For people of modest means it is eve...
by burt
Sat Nov 23, 2013 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 6472

Re: Retiring at 50

praxis wrote: I do some things for others, which is key for me, and do some things for me.
"


Sometimes I wonder what to do in retirement. I would like to help others, as yourself.
Thank-you.

burt
by burt
Fri Nov 22, 2013 9:23 pm
 
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 8777

Re: Retiring at 50

solonseneca wrote:Without a doubt, at times I miss the people, activity and adrenaline of my former job. But I don't miss the stress. Life is good.


I hope to feel the same in a couple of years.

burt
by burt
Thu Nov 21, 2013 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Retiring at 50
Replies: 67
Views: 8777

Re: Moving out of Thrivent

From looking at the website, Thrivent seems to believe they have found a niche market. They promote themselves to Lutherans. I am unaware that there is anything unusual about the investment habits of Lutherans. Seriously, this company is one to flee. I agree. Flee. Got my Mother out of Thrivent 20 ...
by burt
Sat Nov 09, 2013 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving out of Thrivent
Replies: 29
Views: 2138

Re: Poll: How conservative/aggressive is your AA for your ag

Age 58. 40% Stocks, 60% bonds/cash.
I guess I might be considered "conservative"......but I'm nervous.
No around the world vacations and trusts for children and grand-children.
Just trying to keep a roof over our head, and put food on the table for 30 years in retirement.

burt
by burt
Sun Nov 03, 2013 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: How conservative/aggressive is your AA for your age?
Replies: 106
Views: 6284

Re: How Do Bogleheads Diversify Fixed Income?

I'm a couple years from retirement. 40/60 (stocks/bonds). 50% of fixed income is Vanguard Total Bond. 50% of fixed income is Vanguard TIPS. I don't know......... "if you've won the game why keep playing ?" burt Can you please clarify how you "have won the game"? BTW, 85% of your...
by burt
Mon Oct 14, 2013 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Do Bogleheads Diversify Fixed Income?
Replies: 48
Views: 5223

Re: How Do Bogleheads Diversify Fixed Income?

I'm a couple years from retirement. 40/60 (stocks/bonds).
50% of fixed income is Vanguard Total Bond. 50% of fixed income is Vanguard TIPS.

I don't know......... "if you've won the game why keep playing ?"

burt
by burt
Sat Oct 12, 2013 7:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Do Bogleheads Diversify Fixed Income?
Replies: 48
Views: 5223

Re: 401(k) giant Fidelity sued over its own plan

Remarkable.

I guess it's just maximizing shareholder value. Wait a minute...this is a privately owned company.
It's the employees fault for not finding a better job.

burt
by burt
Sat Sep 14, 2013 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: 401(k) giant Fidelity sued over its own plan
Replies: 34
Views: 4057

Re: The Incredible Importance of Social Security

Good article. Some comments: - For most people Soc. Security is a big deal. For many it's a matter of "sustenance and survival". - Soc. Security is too big to fail. A huge impact on the national economy. - When young people causally say that they don't expect to receive Soc. Security.... t...
by burt
Sun Sep 08, 2013 10:51 am
 
Forum: Investing - Theory, News & General
Topic: The Incredible Importance of Social Security
Replies: 97
Views: 10201

Re: strongly tapered retirement sending

Dad lives off company pension with a cola and SS, continuing to do so for the last 23+ years. House long paid for and real estate taxes lowered for the elderly helped. He never saved much. Pensions are great if you can get them. Sounds like a case for living off income only. Most think. going forwa...
by burt
Sun Sep 01, 2013 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: strongly tapered retirement sending
Replies: 22
Views: 2547

Re: Why are you trying to save so much money?

Why am I trying to save so much money ?

Because I've spent the past 36 years making other people rich, and wish to do so no longer.

burt
by burt
Sat Aug 17, 2013 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why are you trying to save so much money?
Replies: 131
Views: 23130

Re: Are you Walking in your Father's footsteps?

Interesting because I was thinking about this recently. I have much more formal education than my parents or grandparents. Make much more money indexed for inflation and have much higher net worth. I was recently thinking about my family and neighbors growing up. None of the parents were profession...
by burt
Sun Jul 07, 2013 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are you Walking in your Father's footsteps?
Replies: 83
Views: 8646

Re: What are you seeing in your Local Housing Market?

Remarkable. 2 + 2 does not equal 4. Those are some big numbers. Median home prices v.s. Median Income.

Sometimes I forget...this forum does not represent main stream America.

burt
by burt
Sun Jul 07, 2013 5:47 pm
 
Forum: Personal Consumer Issues
Topic: What are you seeing in your Local Housing Market?
Replies: 82
Views: 5933

Re: Mid Life Crisis help!

To OP,

Don't feel bad, you are not alone.

Not sure of the remedy: maybe get politically involved or .... save like a son of a gun and get the hell out asap.

"Hang in there, we're all in this together" - Red Green

burt
by burt
Sun Jul 07, 2013 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mid Life Crisis help!
Replies: 28
Views: 6045
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