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Re: List of Worst financial advice (what not to do):

seamonkey wrote:What not to do:

"Go to bogleheads.com."

Why not? Don't they empower the individual investor? :shock:
by cheese_breath
Fri Jul 25, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15628

Re: List of Worst financial advice (what not to do):

"Expenses don't matter. It's what ends up in your pocket that counts."

Ah, if it only turned out that way.
by cheese_breath
Fri Jul 25, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15628

Re: Obtaining Legal Counsel?

Definitely need a lawyer. You don't know what was in the syringe or who the needle has been in. Have yourself and the syringe thoroughly examined, but under the direction of a good lawyer to make sure all the legal procedures are followed in doing it.
by cheese_breath
Fri Jul 25, 2014 12:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 2875

Re: Steps to take to prevent ID theft?

I'd be more concerned with the Credit Karma than the credit card. Somebody might have your SSN. Run all three credit reports and institute freezes on all three. Hopefully it's overkill, but better to be safe than sorry.
by cheese_breath
Thu Jul 24, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Steps to take to prevent ID theft?
Replies: 16
Views: 1015

Re: Old Mortgage about to 'fall off' credit report - now wha

I paid off my home in 2001, and my credit report only shows credit cards plus one utility. I don't know why the utility is there, but I always pay it each month so it can't hurt. According to Discover my FICO is above 800. I always charge at least one item to each card every month, and the CR shows ...
by cheese_breath
Thu Jul 24, 2014 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Old Mortgage about to 'fall off' credit report - now what?
Replies: 13
Views: 1346

Re: Advice: Switched Job, New Company has no 401k Till Octob

October 1 is less than 2 1/2 months away. Unless your current 401K is really, really miserable I'd just wait until the new plan comes on line. Even then it isn't a given you'd want to roll your current 401K into the new one. Evaluate all your options before doing anything.
by cheese_breath
Wed Jul 23, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice: Switched Job, New Company has no 401k Till October
Replies: 2
Views: 270

Re: AAA worth it? I have Allstate

I know how to change a tire too, but one of the benefits of old age is having AAA do it for you.
by cheese_breath
Tue Jul 22, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: AAA worth it? I have Allstate
Replies: 53
Views: 3066

Re: Buying in ok neighborhood vs good neighborhood

I'd also be concerned about either neighborhood being too close to the "crime part of town" if you plan staying there 18 years. If history repeats, and it usually does, in 18 years either or both might well be in the "crime part of town." But given the likelihood that you probabl...
by cheese_breath
Tue Jul 22, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 1666

Re: Hw many credit cards to own?

Three. I think it's good to have two backups in case one (or two) of them gets into wrong hands. This actually happened to me, a long time ago. Somehow the numbers on two of my cards fell into wrong hands at once. I was on vacation at the time, and fortunately I had the third one to get home on whil...
by cheese_breath
Mon Jul 21, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 68
Views: 3791

Re: how often do you look at your account

First day of the month and not much more.
by cheese_breath
Sun Jul 20, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3559

Re: NY Times Article - a case for index investing

A new study by S.&P. Dow Jones Indices has some fresh and startling answers. The study, “Does Past Performance Matter? The Persistence Scorecard,” provides new arguments for investing in passively managed index funds — those that merely try to match market returns, not beat them. New arguments?...
by cheese_breath
Sun Jul 20, 2014 10:16 am
 
Forum: Investing - Theory, News & General
Topic: NY Times Article - a case for index investing
Replies: 23
Views: 2875

Re: Poll: Has your AA changed in the last 18 months

Rebalanced but haven't changed my target AA.
by cheese_breath
Sun Jul 20, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 51
Views: 2588

Re: Thoughts of a long-term investor

Cut-Throat wrote:I saw nothing when I clinked on the link....Maybe this is Genius, there is nothing to see.

Or maybe he couldn't think of anything worth mentioning in 47 years. :shock:
by cheese_breath
Sat Jul 19, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts of a long-term investor
Replies: 7
Views: 982

Re: Easy careers to last me to retirement?

Trophy husband?
by cheese_breath
Sat Jul 19, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 92
Views: 13556

Re: Ways to lose money and destroy personal wealth by invest

Any free offer that's going to show you how to make money in the market.
by cheese_breath
Sat Jul 19, 2014 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9184

Re: Social Security Taxes?

Just because your SS may be taxed up to 85% doesn't mean the govt. takes 85% of the payment. For example, assume you are in the 15% bracket and 85% of your SS is taxed. The worst case actual tax on your SS payment is 0.15 x 0.85 = 12.75%. The govt. takes 12.75% of your payment. You get to keep the r...
by cheese_breath
Sat Jul 19, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes?
Replies: 26
Views: 2264

Re: The ultimate Boglehead exercise

Alternate exercise...

Fill two sturdy bags with 50 pounds of silver dollars each.
Attach bags to each end of sturdy pole.
Use pole for lifts and bench presses.
by cheese_breath
Sat Jul 19, 2014 10:13 am
 
Forum: Personal Consumer Issues
Topic: The ultimate Boglehead exercise
Replies: 30
Views: 3678

Re: USPS Shipping Problem Again

Don't know if this is true, but when I was [much] younger, we knew one of the curators at the Smithsonian. He claimed that when custody of the Hope Diamond was transferred, it was decided the best way was USPS in a "plain brown wrapper", no bells or whistles or publicity, no hint it was a...
by cheese_breath
Sat Jul 19, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: USPS Shipping Problem Again
Replies: 19
Views: 862

Re: USPS Shipping Problem Again

In many years of shipping many packages via USPS, domestic and international, I have never lost one. I use them for packages almost exclusively. However, one that was coming to me was lost. It was minor. I don't recall ever losing one either. But I have experienced many, many late deliveries. Pay e...
by cheese_breath
Sat Jul 19, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: USPS Shipping Problem Again
Replies: 19
Views: 862

Re: Market Timing vs. Market Opportunity

Thank you all for your input. I realize now that asking a market timing question on this board is akin to preaching atheism in a Baptist church. I have since decided to use most of my retirement money to open an ostrich farm in Arizona. That market has been down so long now it's bound to bounce bac...
by cheese_breath
Sat Jul 19, 2014 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2900

Re: USPS Shipping Problem Again

I'm no USPS fan, but for many items they still seem to be the least expensive alternative, at least where I live. BUT anyone who doesn't insure expensive items for their full value is living dangerously.
by cheese_breath
Sat Jul 19, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: USPS Shipping Problem Again
Replies: 19
Views: 862

Re: Help me assess whether to refinance

(1) How long do you plan to stay in the current home, and (2) how long will it take to recoup your refinancing costs? If (1) is greater than (2) then refinance. Unless you're in a greater than 100% tax bracket the loss of the $3,358 tax deduction shouldn't matter. edit: Just because you refinance to...
by cheese_breath
Fri Jul 18, 2014 8:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help me assess whether to refinance
Replies: 10
Views: 677

Re: A Romney Problem

I started doing Roth conversions from the day they came out. I'm taking RMDs now and am in the 15% bracket because I moved enough into Roths before I hit 70. As far as I know Mitt doesn't have any magic in his toolkit and will have to start taking RMDs too when he hits the required age.
by cheese_breath
Fri Jul 18, 2014 7:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Romney Problem
Replies: 16
Views: 2012

Re: If you own a car, do you have a car payment?

Own two vehicles outright. Last time I had a car payment was 1989, and I paid it off in four months. Before that my last car payment was 1973.
by cheese_breath
Fri Jul 18, 2014 9:02 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 110
Views: 6512

Re: Market Timing vs. Market Opportunity

So let's say from 1985 to current day without any foreknowledge of what would happen when would you have got out, and when would you have got back in?

1990? 1991? 1992? 1993? ...4...5...6...7?

http://finance.yahoo.com/q/bc?s=%5EGSPC ... z=l&q=l&c=
by cheese_breath
Fri Jul 18, 2014 8:45 am
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2900

Re: Ways to lose money and destroy personal wealth by invest

Keeping all your money in savings accounts, CDs and savings bonds because the stock market because "is fixed."
by cheese_breath
Thu Jul 17, 2014 10:30 pm
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9184

Re: Market Timing vs. Market Opportunity

... on the chance that the market will drop when QE3 ends. Chance is the key word here isn't it? Do you believe in establishing an AA to govern your investing? What is your target AA? Unless it's 100% stocks you'll probably be pulling some out of equities as they increase anyway. If it is 100% stoc...
by cheese_breath
Thu Jul 17, 2014 10:22 pm
 
Forum: Investing - Theory, News & General
Topic: Market Timing vs. Market Opportunity
Replies: 46
Views: 2900

Re: Purchasing Food at Work

Get yourself a big wide mouth thermos. I used to have one when I was working eons ago used it for soup, spaghetti, and the like. Make it at home and it stays hot for hours. Borrow a fork or spoon from the lunch room and eat right out of the thermos. Mine was plastic and worked great. I imagine the s...
by cheese_breath
Thu Jul 17, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing Food at Work
Replies: 41
Views: 3962

Re: Keep house or sell

TP_Golf wrote:... Both my parents and my wifes live in the area and they could check in occasionally....

Are you leaving all your wives there, or are you taking one with you :?: :shock:
by cheese_breath
Thu Jul 17, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keep house or sell
Replies: 14
Views: 937

Re: Good Faith Deposit with Attorney or Realtor?

midareff wrote:Lawyer is good with it. Thinks it is lots safer in his trust account than in that of an unknown realtor.

Then if you trust him and his legal advice do what he says.
by cheese_breath
Wed Jul 16, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Good Faith Deposit with Attorney or Realtor?
Replies: 7
Views: 641

Re: Why I can't be a day trader.

Crow Hunter wrote:I definitely don't want to be a day trader. I know I can't overcome my own nature that much.

Do you get this worked up when toilet paper goes on sale the day after you just stocked up? This isn't a financial issue. If you can't control yourself maybe you should get professional counseling.
by cheese_breath
Wed Jul 16, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I can't be a day trader.
Replies: 38
Views: 2939

Re: Good Faith Deposit with Attorney or Realtor?

What does your lawyer say you should do?
by cheese_breath
Wed Jul 16, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Good Faith Deposit with Attorney or Realtor?
Replies: 7
Views: 641

Re: boglehead botanists...is this poison ivy?

I don't think so, but that doesn't mean you couldn't be allergic to it anyway.
by cheese_breath
Tue Jul 15, 2014 7:59 pm
 
Forum: Personal Consumer Issues
Topic: boglehead botanists...is this poison ivy?
Replies: 32
Views: 2444

Re: Builder Options and Property Tax?

If you did this post-construction how would the local government find out inorder to increase your property tax? I don't know about where you live, but in some areas the assessor has the right to come into your house if (s)he has reason to believe you've been doing secret upgrades. edit: Be careful...
by cheese_breath
Tue Jul 15, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: Builder Options and Property Tax?
Replies: 9
Views: 617

Re: Builder Options and Property Tax?

When you build a house in a development your property tax valuation is set at what you ended up paying the builder correct? I suppose it depends on how punctual your local assessor is in assessing the property. But sooner or later (s)he will get around to doing a formal assessment, and then your ta...
by cheese_breath
Tue Jul 15, 2014 10:24 am
 
Forum: Personal Consumer Issues
Topic: Builder Options and Property Tax?
Replies: 9
Views: 617

Re: Have you quit your job because of your boss?

At least one response mentioned attempting to get justice on the bad boss with your resignation notice (or a widely circulated email). I strongly discourage that. It's nice to daydream about justice, but burning bridges rarely yields benefits and sometimes causes problems down the road. Real world ...
by cheese_breath
Tue Jul 15, 2014 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7083

Re: Have you quit your job because of your boss?

Long retired now, but in my entire career I only had one boss I couldn't put up with. Fortunately I worked for an IT services company so there were many organizations in need of my skills, and I was able to arrange a transfer to a different organization within the company. If that wasn't possible I ...
by cheese_breath
Mon Jul 14, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7083

Re: [Poll] Are you more risk averse than average?

Can you define an average investor? At age 73 I'm probably more risk averse that a 23 year old, but maybe not as much as a 83 year old.
by cheese_breath
Mon Jul 14, 2014 12:11 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2601

Re: Investing is starting to get boring

Boring can be exciting because it means everything's going as it should.
by cheese_breath
Sun Jul 13, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 3865

Re: Cheapest Win7 image backup media solution?

$60 for external HD, but only willing to spend $10? This sounds penny-wise and pound-foolish to me. Get the HD and save yourself a lot of trouble down the road.
by cheese_breath
Sun Jul 13, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Cheapest Win7 image backup media solution?
Replies: 8
Views: 563

Re: Verbal agreement for yard service gone bad: legal risk?

IMD801 wrote:The up front payment was in the hundreds of dollars - just like the previous year for the whole season's worth of lawn care.

There was no memo written on the check.

I'd say that's a pretty convincing argument for your case. But next year write a memo on the check too 'just in case'.
by cheese_breath
Sun Jul 13, 2014 12:20 am
 
Forum: Personal Consumer Issues
Topic: Verbal agreement for yard service gone bad: legal risk?
Replies: 26
Views: 3106

Re: Who else hates choosing a car?

I love choosing cars. I buy them so infrequently choosing a new one is a great pleasure. I used to hate haggling with the salesmen before I joined GM. But now as a GM retiree that's a thing of the past so long as I stay with GM cars, and there's enough variety in their models to keep me happy.
by cheese_breath
Sun Jul 13, 2014 12:17 am
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6321

Re: Verbal agreement for yard service gone bad: legal risk?

Did you write anything on the check confirming your verbal agreement?
by cheese_breath
Sun Jul 13, 2014 12:10 am
 
Forum: Personal Consumer Issues
Topic: Verbal agreement for yard service gone bad: legal risk?
Replies: 26
Views: 3106

Re: close to retirement investment question

What if you couldn't earn 6%? Would you be willing to work longer, live on less income, or possibly take part time jobs in retirement? The reason I ask is as you move closer to retirement you should be moving towards a more conservative portfolio increasing fixed income investments and reducing your...
by cheese_breath
Sat Jul 12, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: close to retirement investment question
Replies: 6
Views: 1312

Re: POLL: Walmart vs Amazon

Mostly Walmart because of returns convenience if clothes don't fit or electronics don't work.
by cheese_breath
Sat Jul 12, 2014 12:42 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Walmart vs Amazon
Replies: 137
Views: 8025

Re: Marriage - Asset Allocation Question

Marriage AA is as follows...

Your assets are hers. Her assets are hers. It's that simple.
by cheese_breath
Fri Jul 11, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Marriage - Asset Allocation Question
Replies: 11
Views: 1243

Re: High end purses

I've never bought an expensive pure for my wife, and she's never bought one either. But she does have one Coach her grandson gave her for Christmas a couple years ago. The kid saved up his own money from his part time job to pay for it. She only uses it on very, very special occasions.
by cheese_breath
Fri Jul 11, 2014 10:39 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 10828

Re: The (unsung) top 5 list of things to take care of.

No problems with 1,2, and 3 but... 4. Although you might want to downsize for ease of living, not everyone needs to downsize for financial reasons. Some might, but others may have the resources to stay in their current homes the rest of their lies. 5. I don't understand the obsession with spending e...
by cheese_breath
Fri Jul 11, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: The (unsung) top 5 list of things to take care of.
Replies: 5
Views: 1360

Re: List of Worst financial advice (what not to do):

Plastics ... from The Graduate.
by cheese_breath
Fri Jul 11, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15628

Re: List of Worst financial advice (what not to do):

Call for my free ______ (book, DVD, lesson, etc.) that will teach you how to make thousands with no risk.
by cheese_breath
Thu Jul 10, 2014 7:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15628
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