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Re: What percent "Boglehead" are you?

I'm probably low on the scale as I don't do index investing and I don't save much for retirement. However, I am naturally frugal and have done well for myself.
by cheesepep
Sun Nov 23, 2014 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 119
Views: 5825

Re: Oatmeal suggestions

I think some of you eat what I wouldn't consider as being food (e.g., flax seeds). I normally do not eat oatmeal, but have been trying to eat it more often before seeing this thread. What I have been doing is 2-3 parts plain instant Quaker oatmeal with 1 part red-date flavored instant oatmeal. Not t...
by cheesepep
Sun Nov 23, 2014 7:49 am
 
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 141
Views: 10209

Re: Learning to Type

I tried to learn typing the real way, but I cannot move my fingers like that. I now mainly type using my index fingers and thumb, and can type around 34 words a minute. Not that bad, and my life doesn't depend on typing, so all is well.
by cheesepep
Sat Nov 22, 2014 12:30 am
 
Forum: Personal Consumer Issues
Topic: Learning to Type
Replies: 14
Views: 1729

Re: Sole proprietor or other forms?

My friend remained a sole-proprietor for simplicity reasons. Forming an S-corp would have overall saved some money, but the savings benefit wasn't enough for him, as he dislikes paperwork, however small it might be. Something to consider.
by cheesepep
Thu Nov 20, 2014 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sole proprietor or other forms?
Replies: 7
Views: 775

Re: Degree of Difficulty Obtaining a Mortgage without Income

Why do you pay rent to your wife? Is it some sort of tax deduction that you are trying to achieve?
by cheesepep
Sun Nov 16, 2014 3:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Degree of Difficulty Obtaining a Mortgage without Income
Replies: 11
Views: 1248

Re: What if I Never Buy a House?

[quote="epitomist"]Anyone with kids should probably buy a house; the sense of permanence is important to children.

For anyone else, probably don't buy a house. /quote]

This. If you have kids, this is very important. I am kind of in the same boat as OP, however.
by cheesepep
Sun Nov 09, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 57
Views: 6427

Re: Merc or BMW?

If only these two choices, then the BMW. They have an overall higher reliability value and they have their three year warranty thing which would save you big bucks. I am like this: 3 Series or C class. Choose 3 Seriesor Cadillac ATS. 5 Series or E class. Choose E class or Cadillac CTS. 7 Series or S...
by cheesepep
Thu Nov 06, 2014 9:59 pm
 
Forum: Personal Consumer Issues
Topic: Merc or BMW?
Replies: 60
Views: 6466

Re: What do you set your thermostat to (in F)?

I don't use mine. If it is cold, put on a jacket. If hot, wear shorts and turn on the fan.
by cheesepep
Wed Nov 05, 2014 12:13 am
 
Forum: Personal Consumer Issues
Topic: What do you set your thermostat to (in F)?
Replies: 81
Views: 4461

Re: First House Question

This shows the problem of making good money -- you are kind of "forced" to live in an expensive neighborhood, and to top it off, pay ridiculous sums of money to pay for private education, which may or may not be as good as public education. In the end, in my opinion, you are no better off ...
by cheesepep
Mon Nov 03, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: First House Question
Replies: 23
Views: 2087

Re: Tips on winning a small claims court case in California.

According to Judge Judy and Judge Millian Milan, you need either expert witness testimony (a car mechanic) or an affidavit from the same to win. In either case, it needs to be clear that something that the defendant done was negligent, thus causing the engine to fail. If you can prove that, then cas...
by cheesepep
Wed Oct 29, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips on winning a small claims court case in California...
Replies: 24
Views: 2834

Re: Smartphone questions

iPhone user here. Works well with my Mac and Apple doesn't sell ads based off my email, usage, or other data mining that Google does.
by cheesepep
Tue Oct 28, 2014 2:59 am
 
Forum: Personal Consumer Issues
Topic: Smartphone questions
Replies: 106
Views: 8901

Re: Buying a house question (newbie)

Thanks. That was exactly what I was looking for!
by cheesepep
Sat Oct 25, 2014 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house question (newbie)
Replies: 5
Views: 704

Re: Buying a house question (newbie)

Hmm. I didn't mean for this to be a realistic example. I am just choosing nice round, big numbers to make the math easier for me to understand. My question better phrased, is how much of a check would I be getting? Would the check be (200,000-100,000) $100,000? Would I be getting that in one fat sum...
by cheesepep
Sat Oct 25, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house question (newbie)
Replies: 5
Views: 704

Buying a house question (newbie)

I've never purchased a house before, but have some money and a lot of free time and am interested in flipping a house for some money. I know the disadvantages of flipping a house, so no need to mention that to me here. In the given example, what would happen? Please excuse all realtor fees, taxes, e...
by cheesepep
Sat Oct 25, 2014 4:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house question (newbie)
Replies: 5
Views: 704

Re: Electronic lock experiences

I would buy one that works with Apple's homekit so it would work with my iPhone. Most of them can use a physical key in case of battery failure or whatever but there is no need to carry a key with you. Just hide one in a non-conspicuous location, which would be very easy where I live.
by cheesepep
Fri Oct 24, 2014 9:26 am
 
Forum: Personal Consumer Issues
Topic: Electronic lock experiences
Replies: 15
Views: 1799

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing. This does not prove that you are good at picking stocks. You have to show that you ...
by cheesepep
Tue Oct 21, 2014 10:53 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10643

Re: Why do Engineers Think They’ll Be Good at Picking Stocks

As an engineer by major and part of my profession, I am good at picking stocks. I just choose the less risky ones and hold them for an extended period, which most people (engineers or not) would be adverse to doing.
by cheesepep
Tue Oct 21, 2014 10:06 pm
 
Forum: Investing - Theory, News & General
Topic: Why do Engineers Think They’ll Be Good at Picking Stocks?
Replies: 135
Views: 10643

Re: How would one negotiate with daycare?

First world problems.
by cheesepep
Wed Oct 15, 2014 7:58 pm
 
Forum: Personal Consumer Issues
Topic: How would one negotiate with daycare?
Replies: 34
Views: 3260

Re: Thoughts on getting out [of job]

Easy decision for me. Quit and find another job. That job can be part-time. To save costs, make the kids pay part of their own tuition. Problem solved.
by cheesepep
Mon Oct 13, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 37
Views: 5193

Re: What have you done to cut costs this year?

Got rid of two butlers. Who needs five butlers anyways?
Sold off my yacht.
Passed through the McDonald's drive thru in my Bentley instead of having the deluxe steak and lobster dinner at the Four Seasons.

/s
by cheesepep
Thu Oct 09, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 134
Views: 12146

Re: Things that you will not spend money on and most people

Tipping. I tip below what most people here would tip.
TV. I don't own one.
Internet. I go to the library and use my VPN.
Alcohol
Starbucks
Tobacco
Expensive clothes and shoes
Organic food
by cheesepep
Wed Oct 08, 2014 5:58 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 4176

Re: Can you haggle with online brokers?

Scottrade, which is not really a true online broker because they have some physical offices as a matter of convenience, will give you free trades. You just have to ask. I regularly get tens of free trades every time I move more money into my account. I just call/ask the person first and the day afte...
by cheesepep
Sat Sep 20, 2014 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Can you haggle with online brokers?
Replies: 19
Views: 1533

Re: Hamilton watches, worth the money?

IMO, almost all watches, including dress watches, look better with a nice leather band. Metal bands look icky to me. But I own a digital Suunto and Timex watch because I cannot tell the time on an analog watch (much faster for me on digital). That being said, I might get the Hamilton Khaki watch for...
by cheesepep
Tue Sep 16, 2014 2:03 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 262
Views: 14135

Re: Reminder: estimated taxes due Monday

I use EFTPS myself. It is easy to use, but the website could use some updating by using larger buttons and clearer wording.
by cheesepep
Sat Sep 13, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reminder: estimated taxes due Monday
Replies: 17
Views: 1207

Re: Buffett: Modern investment theory is horse-pucky

I read seekingalpha.com all the time because I am a DGI investor. However, some of the posters/authors there really annoy me because they always mathematically prove, using charts, formulas, numbers, to show why they are correct. I always ignore all of those. I only focus on P/E and one-two other ba...
by cheesepep
Thu Sep 11, 2014 9:47 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett: Modern investment theory is horse-pucky
Replies: 119
Views: 10426

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. I'd rather have mo...
by cheesepep
Thu Sep 11, 2014 2:50 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 11025

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity .

I like to have as few accounts as possible. It keeps my money more focused.
by cheesepep
Wed Sep 10, 2014 11:24 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 110
Views: 11025

Re: Poll: Which iPhone 6?

I bought an LG G3 two weeks ago. Turns out the G3 is superior to the iPhone 6 Plus in just about every way : 5.7 display vs 5.5, 2560x1440 resolution vs 1920x1080, 3GB RAM vs 1GB, 2.5 GHz CPU vs 2 GHz, G3 has a microSD slot vs none for iPhone, shoots 4K video vs HD video, 13 mp rear camera / 2 mp f...
by cheesepep
Tue Sep 09, 2014 10:57 pm
 
Forum: Personal Consumer Issues
Topic: Poll: Which iPhone 6?
Replies: 41
Views: 3273

Re: What Do You Eat For Snacks?

I eat whatever. I don't take vitamins, eat organic, or whatever.

I'm at a normal weight.

I like eating coconut tarts for dessert. 1 small one is very filling, surprisingly.
by cheesepep
Tue Sep 09, 2014 12:44 am
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 9201

Re: Philip Morris International and asset allocation

I own both MO and PM. I don't classify my stocks as either being domestic or international. Many so-called domestic stocks bring in a large part of their income from overseas. I classify, just mentally, it as being "tobacco."
by cheesepep
Mon Sep 08, 2014 10:04 pm
 
Forum: Investing - Theory, News & General
Topic: Philip Morris International and asset allocation
Replies: 8
Views: 696

Re: Coming into large sum of money, need help investing

Under those conditions, I will sit on the money for 2-3 months, pay off the house, and then invest the rest of the money slowly over the next 5 years in the stock market/bonds/CDs. If you want, you can invest in real estate.
by cheesepep
Thu Sep 04, 2014 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coming into large sum of money, need help investing
Replies: 7
Views: 1153

Re: Programming and Database Classes

Check out iTunesU.
by cheesepep
Sat Aug 30, 2014 2:30 am
 
Forum: Personal Consumer Issues
Topic: Programming and Database Classes
Replies: 15
Views: 1114

Re: Poll: How many own zero/few stocks?

I am in a 100% stock portfolio and I have no intentions on changing. I have done well myself and have outperformed the greater market by any measurements. Yes, there are people who can outperform the market -- people who are smarter than the average bear. I don't consider myself to be Buffet's equal...
by cheesepep
Fri Aug 29, 2014 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2855

Re: What to do with individual stock I received?

The guy is only 27. Chances are that 20% of his portfolio isn't that much in overall dollar terms. He can, if he wishes, keep the stock and diversify away from the stock buy buying index funds (sinxe this the bogle head forum, not my choice) and eventually be diversified away from the stock. Chances...
by cheesepep
Tue Aug 26, 2014 9:21 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 2069

Re: Dividend Excel Spreadsheet

I don't. I let my brokerage take care of it. If you bought a stock after Jan 1, 2012, your brokerage will calculate the cost basis for you without any input from you (but you can, at your own doing, request FIFO, LIFO).
by cheesepep
Sun Aug 24, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dividend Excel Spreadsheet
Replies: 4
Views: 660

Re: Your biggest "Missed Money" event that still kills you?

I bought around one hundred shares of AAPL at about $32 a share in 1996. I sold at $96. Imagine if I had kept my shares and added a few more along the way.
by cheesepep
Wed Aug 20, 2014 4:22 am
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 8595

Re: Pressure Cookers?

I own a pressure cooker and I'm scared of it.

I'm always afraid that it will blow up on me. Simple. I use it sometimes, but not as often as I would like. I prefer to use a slow cooker. Nice and easy.
by cheesepep
Tue Aug 19, 2014 11:05 pm
 
Forum: Personal Consumer Issues
Topic: Pressure Cookers?
Replies: 46
Views: 3447

Re: College Counselors

This is kind of unusual for me. When I was in high school and looking to apply for college, I did all of the grunt work and research myself. I spoke to no counselors and just read 1-2 magazines. I wrote the college entrance essays all by myself with no one checking them and I ended up in a decent UC...
by cheesepep
Sat Aug 16, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: College Counselors
Replies: 44
Views: 2683

Re: Would you tip this tour guide?

I don't tip, period. They do their job. I pay whatever fee which was listed. Nothing more.
by cheesepep
Fri Aug 15, 2014 7:26 pm
 
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2331

Re: Sandals or similar?

I personally prefer wearing slippers.
by cheesepep
Mon Aug 11, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Sandals or similar [vacation resort]?
Replies: 15
Views: 1461

Re: Considering a trip to Bali

I would also be interested in hearing some information. I went to Jakarta, Indonesia once and didn't find the place worthwhile. The city had very bad food (all fried); I couldn't believe how a country with some much water-space can have all fried food. Maybe it was just all of the places I went to, ...
by cheesepep
Fri Aug 08, 2014 11:50 pm
 
Forum: Personal Consumer Issues
Topic: Considering a trip to Bali
Replies: 10
Views: 1372

Business tenancy agreement question

I know a person who has leased a shop in a foreign country. His lease was not renewed by the landlord, but the landlord is demanding more money. The terms are as follows: 1) He took over the shop/business from the former tenant X in August 2013. 2) X, as far as he knows, had his own lease expire on ...
by cheesepep
Fri Aug 08, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business tenancy agreement question
Replies: 0
Views: 147

Re: Affording a 1.3 million home?

Back of the napkin calculations says that you can afford it provided that your jobs are stable and you will stay there long-term.
by cheesepep
Wed Aug 06, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 119
Views: 15845

Re: Dividend Strategy Ain't For Everyone

retiredjg wrote:
cheesepep wrote:Qualified dividends are taxed at fifteen percent max.

I think this might be 20% for those in the top tax bracket.


Yes, thanks for the correction, but for 90% (guesstimate) of people, it will be 15%.
by cheesepep
Mon Aug 04, 2014 7:00 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11751

Re: Dividend Strategy Ain't For Everyone

Qualified dividends are taxed at fifteen percent max. Qualified dividends, generally speaking, are when you hold a stock for more than three months. So, if you are a dividend investor holding for years, most of your dividends will be qualified and taxed at 15%. 100% of my dividends last year were qu...
by cheesepep
Mon Aug 04, 2014 1:06 am
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11751

Re: Dividend Strategy Ain't For Everyone

Again with the name calling. If you don't agree, then you don't agree. Just because you don't understand and because it hasn't worked for you or it doesn't work for your friend, doesn't mean that it doesn't work. It had worked very well for me. For me, in response to the question above, I am just co...
by cheesepep
Sat Aug 02, 2014 9:01 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11751

Re: Dividend Strategy Ain't For Everyone

I'll try to allay some concerns as a dividend investor. There are many different kinds of dividend strategies, some of which I strongly disagree with. However, one idea, which I profess to, is to own a basketful of stocks (around 15-20) and hold for the long-term. That means that your dividends, if ...
by cheesepep
Fri Aug 01, 2014 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 11751

Re: Any engineers? Studying for Civil-Structural PE

I passed the EE PE on my first time. I didn't attend any classes. I got the PDF which have the overview of the test and bought the official EE book. I then made semi-sloppy notes of every chapter according to the PDF of importance, then I hired a college person to rewrite all of my notes for $100 or...
by cheesepep
Wed Jul 30, 2014 7:06 am
 
Forum: Personal Consumer Issues
Topic: Any engineers? Studying for Civil-Structural PE
Replies: 15
Views: 1313

Re: Do any boggleheads invest in individual companies?

And it has done well for me; I have beat the market average 7 or 8 times out of ten for the last 4 or so years. We are in a strong bull market for the last 5 year, so if you buy&hold individual stocks, yes you can beat the market. The issue is, what will happen when the correction happens? I wi...
by cheesepep
Tue Jul 29, 2014 8:41 pm
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 6122

Re: Do any boggleheads invest in individual companies?

A handful is significant uncompensated risk, but the function is an asymptote. 50 is more diversification that 15, but little more. At infinity the ratio of std deviation of portfolio of stocks (which have strictly uncorrelated idiosyncratic risk) is 39% as much as 1 stock. At 50 it's 41%, at 15 it...
by cheesepep
Tue Jul 29, 2014 5:10 am
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 6122
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