Search found 388 matches

by hq38sq43
Tue Aug 11, 2015 9:34 pm
Forum: Personal Consumer Issues
Topic: Anyone not own a Smartphone
Replies: 76
Views: 4082

Re: Anyone not own a Smartphone

No Smartphone, no stigma I'm aware of. Just some kidding from time to time. To each his/her own.

Warm regards,
by hq38sq43
Wed Jul 29, 2015 6:45 pm
Forum: Investing - Theory, News & General
Topic: Jeremy Grantham: The 10 Topics That Really Matter
Replies: 4
Views: 1226

Re: Jeremy Grantham: The 10 Topics That Really Matter

Charles Krauthammer, with whom I rarely agree, recently published a little book: Things That Matter. Based on the reviews, I bought a copy, read it, and was very impressed.
by hq38sq43
Wed Jul 29, 2015 11:48 am
Forum: Investing - Theory, News & General
Topic: Are equities really as risky as anyone thinks?
Replies: 271
Views: 14658

Re: Are equities really as risky as anyone thinks?

What you seem to be saying is that the fundamental returns of stocks (dividends and earnings) are more stable than the market price — which is true — but investors can't just ignore the price risk and speculative returns that are inherent in equity investing. Thanks for the chart that was illustrat...
by hq38sq43
Mon Jul 27, 2015 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over 403b to Roth IRA for 1st home purchase
Replies: 15
Views: 575

Re: Rolling over 403b to Roth IRA for 1st home purchase

As others have suggested, useful analysis of and response to your post requires consideration of a great many variables (e.g.,personal, financial, emotional). I therefore suggest you seek out and consult a competent, reputable financial planner for further advice. Of course, finding and compensating...
by hq38sq43
Tue Jun 23, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Best Advice [Best single piece of advice to give a new investor]
Replies: 56
Views: 5057

Re: Best Advice [Best single piece of advice to give a new investor]

Read Andrew Tobias's The Only Investment Guide You'll Ever Need.
by hq38sq43
Wed Jun 10, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: Perpetual Travelling
Replies: 73
Views: 10357

Re: Perpetual Travelling

I'm hoping and planning to retire early and prior to establishing a new home base in an area with a lower cost of living, one thing I'd like to do is stash my belongings somewhere in the US (not a big deal for me) and head out for a year, likely 2 years. I am interested in visiting parts of Europe,...
by hq38sq43
Mon Jun 01, 2015 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 9297

Re: Thoughts on Federal Employment

I recently received a job offer as a Consumer Safety Officer with the FDA. I was wondering if anyone had any knowledge of this job title or thoughts on federal employment in general. The position is in the food safety specialty and career ladders to gs 12. I currently work in a similar position for...
by hq38sq43
Wed May 27, 2015 7:20 pm
Forum: Investing - Theory, News & General
Topic: Any impartial advocates for the other point of view?
Replies: 32
Views: 3083

Re: Any impartial advocates for the other point of view?

My favorite sources of unbiased advise on personal finance and investing are: Andrew Tobias's The Only Investment Guide You'll Ever Need Jane Bryant Quinn's Smart and Simple Financial Strategies for Busy People and (much more comprehensive) Making the Most of your Money Now Taylor Larimore et al's T...
by hq38sq43
Tue May 26, 2015 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35779

Re: much ado about coasting (through life)

Ca. 30 years ago, Paul Terhorst retired at age 35 from a major CPA firm after deciding he was working mainly to fund his assets. He liquidated virtually all the assets, bought laddered, insured CDs, wrote Cashing in on the American Dream, and since has traveled the world with his wife Vicki. The boo...
by hq38sq43
Thu Apr 09, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 48
Views: 5032

Re: Should I renege [on a] job offer?

Alex Frakt wrote:Let me sum up what you have said so far. You like everything about the consulting job. You hate everything about the banking job. The pay at the latter is better, but the former is enough to live on comfortably and you've already accepted a position there.

Why are you even considering this?

+1
by hq38sq43
Wed Apr 08, 2015 7:32 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 17912

Re: The $1 Million Goal: Source of Motivation or Discouragem

Whether the number is right or wrong, I think having something to aim at helps with achieving any kind of goal. You have to know where you want to go or you'll just wonder around without direction and you'll never know when you get there... wherever "there" is. If you don't know or care w...
by hq38sq43
Mon Mar 30, 2015 9:31 pm
Forum: Personal Consumer Issues
Topic: Nanny in Oakland
Replies: 3
Views: 629

Re: Nanny in Oakland

Jazztonight wrote:Do you mean late 2015 and early 2016?

Yes, thanks.
by hq38sq43
Mon Mar 30, 2015 7:08 pm
Forum: Personal Consumer Issues
Topic: Nanny in Oakland
Replies: 3
Views: 629

Nanny in Oakland

Daughter in Oakland CA needs for few weeks in late '15--early '16 reliable, competent, full-time nanny for 3-year-old and new baby. Anyone knowledgeable about going rates of such help there and how to find it?

Many thanks,
by hq38sq43
Sun Mar 15, 2015 7:06 pm
Forum: Personal Consumer Issues
Topic: Cruise.Com Bait and Switch Tactics
Replies: 28
Views: 3316

Re: Cruise.Com Bait and Switch Tactics

Sidney wrote:Several friends have taken river cruises with Viking and all have spoken highly of their experience.

+1
by hq38sq43
Sun Mar 08, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you consider mortgage payments an investment?
Replies: 58
Views: 4499

Re: Poll: Do you consider mortgage payments an investment?

Yes, in part. With reasonably good luck, a purchased home appreciates in value over the long term, as with any prudent investment. Of course, while owned, a home may increase (even spike) or decline (even plummet) in value, as with any asset. A crucial consideration is that buying a home provides bo...
by hq38sq43
Sun Mar 01, 2015 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 32
Views: 3345

Re: Has anyone ever voluntarily downsized their job?

I have often thought that had I remained another year or two in my senior federal government job, my pension would have been substantially higher. But I concluded then and after 20+ retirement years conclude now that the stress would likely have substantially shortened my life and degraded its quali...
by hq38sq43
Sun Mar 01, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 24634

Re: Do you consider mortgage payments as savings?

Yes, if the house is a sensible purchase: significant down payment and affordable carrying cost (PITI + maintenance and repair).

Best wishes,
by hq38sq43
Wed Feb 25, 2015 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 15849

Re: How much did you have saved up for retirement at age 30?

$9,000 (Oppenheimer Fund installment contract w/8.5 front end load sold by neighbor who somehow learned of my 1965 FSO commissioning). Seemed a good step at the time. As DW and I learned and earned more, we met our goal of ending each year at least somewhat better off financially, if only through in...
by hq38sq43
Wed Feb 25, 2015 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone please help me with this investment thing!
Replies: 17
Views: 1395

Re: Can someone please help me with this investment thing!

Welcome to the forum. Please don't be put off by suggestions that you read "books." There are any number of good books on investing and money management, but they all say pretty much the same things, e.g., live below your means, learn the basics of investing and money management, and avoid...
by hq38sq43
Mon Feb 23, 2015 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill killing me on 401K to Roth in 2014
Replies: 27
Views: 3775

Re: Tax bill killing me on 401K to Roth in 2014

The long term benefit of rolling the entire 401k into a Roth IRA may well be substantial enough to justify borrowing whatever is needed to cover the tax cost. In today's historically low interest environment a manageable approach might be to use a home equity loan or even credit union loan (very low...
by hq38sq43
Tue Feb 10, 2015 8:21 pm
Forum: Personal Consumer Issues
Topic: I'm not a bad Boglehead [buying Powerball ticket]
Replies: 101
Views: 7187

Re: I'm not a bad Boglehead

In the brief, charming diaries his publlishers importuned him to keep toward the end of his life, Alec Guinness confessed his penchant for occasionally buying a lottery ticket or two. My Name Escapes Me: The Diary of a Retiring Actor (Penguin Books, 1998) A Positively Final Appearance (Penguin Books...
by hq38sq43
Tue Jan 27, 2015 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Bank adviser did some terrible advising...Help please
Replies: 25
Views: 1972

Re: Bank adviser did some terrible advising...Help please

You say that girl friend went to a local credit union and then spoke to the bank's financial adviser. Banks and credit unions are very significantly different, e.g. credit unions are not for profit and owned by their members, banks are typically investor owned for profit. Please clarity.
by hq38sq43
Fri Jan 23, 2015 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3597

Re: Grandfather wanting to transfer portfolio to kids. Ques

It seems very unlikely that someone who has cultivated on his own a $2 million portfolio is ignorant of "stepped up basis" (called by tax practitioners the "angel of death"). It means, essentially, that proceeds from sale of a gift of stock that exceed the giver's "basis&quo...
by hq38sq43
Tue Jan 20, 2015 6:16 pm
Forum: Personal Consumer Issues
Topic: Riverboat Cruising in US
Replies: 5
Views: 964

Riverboat Cruising in US

Having enjoyed 3 Viking Riverboat Cruises in Europe in recent years, DW and I now incline to a similar cruise this year in US, probably Mississippi, but possibly Columbia or other US river. Anyone care to advise or recommend?

Many thanks,
by hq38sq43
Mon Jan 19, 2015 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 7493

Re: What counts as "saving"?

Gill wrote:
mhc wrote:Paying off debt is spending not saving.

When you have debt you've already incurred an expense which created the debt. Reducing your debt is equivalent to saving because you are then reducing your liabilities and increasing your net worth.
Gill

+1
by hq38sq43
Sat Jan 17, 2015 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund as primary retirement investment
Replies: 29
Views: 5917

Re: Wellington Fund as primary retirement investment

For many years, my IRA was 100% Wellington and I have been very happy with it. As Dirk said, for a woman in her sixties, you might consider Wellesley because of its lower equity percentage. But given that SS and an annuity are sufficient for all of her living expenses, it is probably not such a ris...
by hq38sq43
Thu Jan 15, 2015 2:52 pm
Forum: Investing - Theory, News & General
Topic: How does an Efficient Market explain Buffett?
Replies: 257
Views: 14834

Re: How does an Efficient Market explain Buffett?

Three books that shed considerable light on Buffett's life and financial success: The Snowball: Warren Buffett and the Business of Life by Alice Schroeder The Essays of Warren Buffett: Lessons for Corporate America, Third Edition, edited by Lawrence A. Cunningham The Intelligent Investor: The Defini...
by hq38sq43
Mon Jan 12, 2015 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ever get 'Antsy' following BH
Replies: 26
Views: 3055

Re: Ever get 'Antsy' following BH

A golfer can always go for the green. A tennis player can always go for the winning cross-court or up-the-line winner. An investor can always try to beat the market by buying individual stocks, managed mutual funds, or other "market beating investments." Bogleheads responsible for the fina...
by hq38sq43
Sun Jan 11, 2015 8:27 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1049
Views: 176235

Re: What Movie Have You Recently Watched?

The Americanization of Emily (1964). Great Directo: Arthur Hiller; Great cast: James Garner, Julie Andrews, Melvyn Douglas, James Coburn, Joyce Grenfell, Keenan Wynn, Edward Binns, et al; quirky story set in England just before 1944 D Day invasion. Proudly coward admiral's "dog robber" (ad...
by hq38sq43
Fri Jan 09, 2015 10:26 pm
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 9238

Re: Thinking about retirement - it's depressing

I've extensively travelled the world while on expat assignments, and while I love my family I need a daily break from them How much time have you really spent with your family? I'm guessing you've worked very hard and a lot of hours with a lot of travel to achieve all your goals at 38. What do you ...
by hq38sq43
Thu Jan 08, 2015 10:25 pm
Forum: Personal Consumer Issues
Topic: Thinking about retirement - it's depressing
Replies: 80
Views: 9238

Re: Thinking about retirement - it's depressing

From 1971 (when our son was born) until 1991, when severe agency down-sizing resulted in my taking early retirement (at age 53) from a senior attorney job in a federal bank regulatory agency, I took great satisfaction in earning a comfortable living for my family. Occasionally, I reflect on the nega...
by hq38sq43
Thu Jan 08, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Just left meeting with my advisor....
Replies: 57
Views: 8318

Re: Just left meeting with my advisor....

Your might enjoy and benefit from Fred Schwed's "Where are The Customers' Yachts?"

Best wishes,
by hq38sq43
Wed Dec 31, 2014 2:59 pm
Forum: Personal Consumer Issues
Topic: Games
Replies: 38
Views: 4766

Re: Games

Card Games: Ely Culbertson's Jo Jotte, Gin Rummy, Canasta

Board Games: Scrabble, Checkers

All easy to learn and fun to play

Happy New Year,
by hq38sq43
Thu Dec 18, 2014 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1868

Re: Term life insurance- I don't have it. Do I need it?

That you don't need whole life insurance is pretty clear. How much term insurance you need is less clear, depending e.g., on you wife's earning potential. and her and the children's emotional and other needs. Could she earn enough to hire a true surrogate (fill-in for her) with with only a portion o...
by hq38sq43
Thu Dec 18, 2014 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1868

Re: Term life insurance- I don't have it. Do I need it?

Congratulations on thinking about life insurance. It is a very grown-up subject. A great many people who should think about life insurance don't. Chapter 21 of The Bogleheads' Guide to Investment has a good, brief introduction to insurance, including a very brief introduction to life insurance. Chap...
by hq38sq43
Thu Dec 11, 2014 1:45 pm
Forum: Personal Consumer Issues
Topic: Documentaries to recommend?
Replies: 138
Views: 17867

Re: Documentaries to recommend?

One Bright Shining Moment: The Forgotten Summer of George McGovern (2005). [Political comments removed by Mod Mel.}
by hq38sq43
Tue Dec 09, 2014 10:56 pm
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 119
Views: 11568

Re: What is the best meal you've had at a restaurant?

Rack of lamb at a neighborhood restaurant DW and I stumbled on in Sidney many years ago during our only visit to Australia. My request for mint sauce conveyed to the chef resulted in one he whipped up just for us. My first ever request to congratulate a chef for an outstanding meal was rewarded by h...
by hq38sq43
Tue Dec 09, 2014 7:30 pm
Forum: Investing - Theory, News & General
Topic: Fundamental Theory of Index Investing
Replies: 16
Views: 1516

Re: Fundamental Theory of Index Investing

The best case I know of for index investing is Jack Bogle's The Little Book of Common Sense Investing. It's short, well written, and very persuasive. If you read it and thereafter decide to play the "loser's game" of active investing, more power to you. You might be among those talented, d...
by hq38sq43
Mon Nov 24, 2014 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 14726

Re: Girlfriend with a LOT of Student debt.

Have you considered sharing the cost of a session or two for her with a fee-only CFP (Certified Financial Planner)? That would demonstrate your commitment to her and possibly provide the basis for the two of you to put your obviously smart heads together to work out a solution to a very difficult co...
by hq38sq43
Sun Nov 23, 2014 9:48 pm
Forum: Investing - Theory, News & General
Topic: Small cap value premium
Replies: 150
Views: 21580

Re: Small cap value premium

But if you are only paying 25bp or less (and in some cases you gain 7bp per year for holding SCV) you don't need much factor persistence to make the SCV fund better than the S&P 500. Packer 16: Personally, I would sleep better knowing I was invested in the S&P 500 companies which are among ...
by hq38sq43
Sun Nov 23, 2014 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 956

Re: Can't quite max out TSP contribution--what to do?

If the shortfall is not unbridgeable, you might consider borrowing the amount needed to close it. As with any use of "leverage," there is risk to that, but depending on all the circumstances, it might be beneficial in the long run. Run the numbers, assess the probabilities, and do what se...
by hq38sq43
Sun Nov 23, 2014 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Can't quite max out TSP contribution--what to do?
Replies: 8
Views: 956

Re: Can't quite max out TSP contribution--what to do?

If the shortfall is not unbridgeable, you might consider borrowing the amount needed to close it. As with any use of "leverage," there is risk to that, but depending on all the circumstances, it might be beneficial in the long run. Run the numbers, assess the probabilities, and do what see...
by hq38sq43
Sat Nov 22, 2014 11:29 pm
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 22
Views: 1933

Re: A week in Tuscany: April 2015. Suggestions?

Ca. 20 years ago, DW, teen age son and daughter, and I rented on a shoe string a week in a villa near Sienna and had a wonderful time. Some glitches, e.g., loss of electricity the first night, but mostly just wonderful memories. One glitch still rankles: drawing $300 worth of Lira from a public ATM ...
by hq38sq43
Mon Nov 03, 2014 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a million
Replies: 26
Views: 4164

Re: What to do with a million

This question is specifically addressed in The Only Investment Guide You'll Ever Need (AndrewTobias) and The Bogleheads' Guide to Investing (Taylor Larimore et al.). For a cost of ca. $40 (Amazon) those books provide excellent, unbiased advice on this any many other personal finance questions. Buy a...
by hq38sq43
Sat Nov 01, 2014 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: 22 year old trying to get a grasp on personal finance.
Replies: 20
Views: 1664

Re: 22 year old trying to get a grasp on personal finance.

About thirty years ago, I read articles in Parade Magazine and/or Newsweek by Jane Bryant Quinn and Andrew Tobias that made sense to me, so I bought, read, and recommended to others Quinn's Making the Most of Your Money (currently Making The Most of Your Money Now) and Tobias's The Only Investment G...
by hq38sq43
Sat Oct 18, 2014 6:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 953
Views: 189755

Re: What Book Are You Currently Reading? Part VI

The Good Society (1996), John Kenneth Galbraith. Among other things, Professor Galbraith debunks the notion that deficit government spending inherently and unfairly burdens future generations. He argues that deficit spending for education, health care, infrastructure, and even national defense is ak...
by hq38sq43
Thu Oct 16, 2014 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1516

Re: Question - Being a Trustee

Gill wrote:
hq38sq43 wrote:...undivided loyalty to the trust and trustees.

Don't you mean undivided loyalty to the beneficiaries?
Gill

Yes
by hq38sq43
Thu Oct 16, 2014 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Being a Trustee
Replies: 19
Views: 1516

Re: Question - Being a Trustee

Congratulations. Being named a trustee is a very high honor. But, of course, with the honor comes obligation and liability. The obligation, according to Justice Cardozo, is a punctilio of honor the most sensitive; that is, undivided loyalty to the trust and beneficiaries. Of course, the liability fo...
by hq38sq43
Sun Oct 05, 2014 7:13 pm
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1434

Re: Advisable to buy a home for short term?

After marrying in 1962 and re-settling in the DC area in 1968, DW and I decided to live not too close to in-laws or too far from work. Results: commuting time 30 min or less each way for next 25 years with stress-free option whether and when to visit in-laws. Worked for us.

Best regards,
by hq38sq43
Thu Sep 25, 2014 11:46 pm
Forum: Investing - Theory, News & General
Topic: General Investing Question [Investing in Individual stocks]
Replies: 34
Views: 1356

Re: General Investing Question [Investing in Individual stoc

Our mentor, Jack Bogle, has often condoned modest investment in individual stocks for those interested in trying their hand at the "loser's game." So, if the OP wishes to do that, who are we to say him nay? For guidance on such activity, I highly recommend "The Essays of Warren Buffet...

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