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Need financial advice

A friend of mine was given(from his mother) a total of 50K over several years, in increments of 12.5K or less. He put the money in a savings account, but now he wants to give the money back. He does not want to cause a tax problem for himself or his mother. What is the best way to go about this? Tha...
by lws6772
Tue Jul 22, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Need financial advice
Replies: 1
Views: 396

Re: Finally an audience with my brother on Finances

I completely understand that comment and appreciate it. I will recommend he meet with a tax attorney/cpa. However, I would like to provide him some simple guidance related to what available options high income earner's on this board do concerning I Bonds, CA Tax Exempt bonds, Treasuries, etc so he ...
by lws6772
Thu Jul 10, 2014 12:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4111

Re: The 2 comma paradox

This thread is about a paradox of thinking. Paradoxes are human and they are interesting . In fact, paradoxes are far more interesting than recitals of mantras such as "I am fine," "I am happy," "Stay the course," etc. This Forum is dedicated to discussions of investme...
by lws6772
Sat Jun 14, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14545

Re: The 2 comma paradox

What do they call it,... first world problems?! What a paradox to have... My portfolio has so much money in it I sometimes lose more in a day than Average Joe can contribute in a year. :annoyed This thread can be seen as quite ridiculous depending on who is reading it. Just my $0.02. Yes, may all m...
by lws6772
Thu Jun 12, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14545

Re: Edward Jones came to my door

One came to our door a few years ago. I kinda felt sorry for the guy. With all the good information out there today, it's amazing that an Edward Jones still exists.
by lws6772
Wed Jun 11, 2014 12:57 pm
 
Forum: Investing - Theory, News & General
Topic: Edward Jones came to my door
Replies: 44
Views: 2742

Re: Fear of Equities Drives More Investors to Cash

VictoriaF wrote:If fear of equities drives investors to cash, why are equity prices rising?

Victoria

Because most all other prices are also rising, I'm just guessing.
by lws6772
Mon Jun 09, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Fear of Equities Drives More Investors to Cash
Replies: 17
Views: 1589

Re: Which is superior? Slice & Dice or [Total Market]?

HardKnocker wrote:Slice and Dice may give some people a feeling of having more control vs. the simple 3-fund approach.

Like picking individual stocks vs. Index funds.

Which is better? Depends on lots of factors.

Everybody likes to think they are smarter than the next guy.

+1
by lws6772
Wed Jun 04, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: Which is superior? Slice & Dice or [Total Market]?
Replies: 48
Views: 3802

Re: Hiring someone versus painting yourself

mikeast wrote:I sell paint in my part-time job--hundreds of gallons every week. Top notch professional painters can be very difficult to find.
Lot of bozos out there calling themselves painters. Do it yourself and you'll be guaranteed a great job at the best price.

+1
by lws6772
Sun May 25, 2014 11:49 am
 
Forum: Personal Consumer Issues
Topic: Hiring someone versus painting yourself
Replies: 51
Views: 4289

Re: Rent vs Buy Calculator NY Times

TomatoTomahto wrote:It always bothers me that there is no value assigned to liquidity for renters. The value of being able to move to a great job, with little friction, is not 0.

I would also add the value of LOTS of extra time, at least for me. When we rented, I typically had 30-40 extra hours of spare time per week.
by lws6772
Sat May 24, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy Calculator NY Times
Replies: 7
Views: 727

Re: White collar crime book recommendations?

I would also suggest some of the books by Michael Lewis, such as "The Big Short" and "Boomerang".
by lws6772
Wed May 21, 2014 7:47 pm
 
Forum: Personal Consumer Issues
Topic: White collar crime book recommendations?
Replies: 21
Views: 1125

Re: Stock Market to Plunge? What a friend said.

I do not understand why people make fun of the question. After all there are very good reasons to fear a correction. In addition to the actions of the Fed, which at times may not be very helpful, the market is not helping much pushing PE10 dangerously high. One of the jobs of the members of this fo...
by lws6772
Wed May 14, 2014 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6164

Re: Stock Market to Plunge? What a friend said.

I do not understand why people make fun of the question. After all there are very good reasons to fear a correction. In addition to the actions of the Fed, which at times may not be very helpful, the market is not helping much pushing PE10 dangerously high. One of the jobs of the members of this fo...
by lws6772
Wed May 14, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6164

Re: So many automotive decision posts

HardKnocker wrote:No need for a sub-forum.

If you are not interested just ignore these threads.

+1
by lws6772
Sun May 11, 2014 2:22 pm
 
Forum: Forum Issues and Administration
Topic: So many automotive decision posts
Replies: 7
Views: 1138

Re: "Investors, How Dumb Are You?"

Maybe slightly above average dumb.
by lws6772
Sat May 10, 2014 6:34 pm
 
Forum: Investing - Theory, News & General
Topic: "Investors, How Dumb Are You?"
Replies: 51
Views: 6133

Re: What if You Found Your Accounts Hacked/Empty?

I'm sure this has been discussed before but search could not locate exactly what I want to ask. Suppose you have virtually all your retirement investments (except real estate) at one house, i.e., Vanguard. Suppose you logged on one morning and the accounts were empty. Suppose someone hacked Vanny, ...
by lws6772
Wed May 07, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: What if You Found Your Accounts Hacked/Empty?
Replies: 46
Views: 2588

Re: What it’s like be 100 years old

A 5 May 2014, article in Washington Post What it’s like be 100 years old, in 10 charts compares over-100 year old folks with baby boomers. Some findings are as expected, others are more surprising. It makes you want to become an outlier and live to 150. Victoria What's more surprising to you? It al...
by lws6772
Tue May 06, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: What it’s like be 100 years old
Replies: 50
Views: 6071

Re: New Identity Theft Scam

NaOH wrote:Sounds legit :o

:shock:
by lws6772
Tue May 06, 2014 9:42 am
 
Forum: Personal Consumer Issues
Topic: New Identity Theft Scam
Replies: 20
Views: 2617

Re: Is social security a good investment?

Not an investment and I consider it like I consider everything else financial, it may or may not be there.
by lws6772
Tue Apr 22, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 2240

Re: POLL: why carry cash?

In ca, when I drive along CA-1 etc, I try to stop at ice cream, roadside mom and pop shops that only take cash. but the amount never goes more than 100 and replenish once it goes under 20. Also a Indian and Thai restaurant in our place...gives 5% discount for cash. I know a place that has a sign th...
by lws6772
Sun Apr 20, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 13673

Re: POLL: why carry cash?

What drives me crazy is when the cashier tells them how much it is and they're not ready to pay(with whatever) after standing in line all that time. I always feel like humming the Jeopardy music as we all wait. Years ago I finally reached the conclusion that resistance is futile and just starting br...
by lws6772
Sat Apr 19, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 13673

Re: Does Mint.com randomly access your account?

Oy the paranoia on here. Yes mint accesses your account at random times. Many others have explained why. As for the "you invalidate all legal protections giving out your password" yes the legal documentation says that. In practice if mint or any of these other services were ever penetrate...
by lws6772
Mon Apr 14, 2014 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Does Mint.com randomly access your account?
Replies: 25
Views: 2192

Re: Ooh - Media is finally checking past predictions!

I'm always amused when there's a big movement. There's always analysts that know all about it, knew it was coming(whatever direction), no surprise. Of course what will happen next week, not so much. :D
by lws6772
Fri Apr 11, 2014 5:51 pm
 
Forum: Investing - Theory, News & General
Topic: Ooh - Media is finally checking past predictions!
Replies: 4
Views: 873

Re: Tree stump removal

Wish I were closer, would do it for free or a 6 pack of Dr. Pepper if you insisted on paying. :D
by lws6772
Sun Apr 06, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: Tree stump removal
Replies: 25
Views: 2043

Re: Preventing Office Theft of Food and Other Stuff

In "Predictably Irrational" Dan Ariely describes experiments with different tempting items put into college-dorm refrigerators. When a bundle of Coca-Cola cans was placed in, all the cans have disappeared fairly quickly. When a plate with one-dollar bills was placed in (of equivalent valu...
by lws6772
Fri Apr 04, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Preventing Office Theft of Food and Other Stuff
Replies: 78
Views: 7044

Re: No Market Mania Here!

The half that don't think it's a good idea - aren't those just the half that never invest in the stock market. Speaking of half, didn't it used to be that half of marriages end in divorce. I wonder what it is these days. I once had a job where I met hundreds of divorced people and to a person(except...
by lws6772
Wed Apr 02, 2014 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: No Market Mania Here!
Replies: 13
Views: 1290

Re: Deleted Thread?

I had a feeling that one might end up in the witness protection program. :P
by lws6772
Mon Mar 31, 2014 5:49 pm
 
Forum: Forum Issues and Administration
Topic: Deleted Thread?
Replies: 17
Views: 2421

Re: Death of co-worker

OP, Learn something from it. When your doctor tells you [medical advice removed by admin LadyGeek] JW I would never [response to medical advice removed by admin LadyGeek] I choose to follow a horse's diet - lots of oats, apples and carrots. An occasional stick of licorice root helps to keep the bre...
by lws6772
Mon Mar 31, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10119

Re: Electric razors where replacement blades cost same as ra

I got decent results resharpening the blades for my bottom of the line Norelco. I used a very fine diamond hone with oil for the first pass and a Japanese water stone for the final hone. After diss assembly of the shaver head, I used the shaver motor to spin the blade on the stone. Gosh, I love thi...
by lws6772
Sat Mar 29, 2014 10:46 am
 
Forum: Personal Consumer Issues
Topic: Electric razors where replacement blades cost same as razor
Replies: 19
Views: 1560

Re: How much water do you drink every day?

Slightly off this topic, one of my "hot buttons" or passionate causes is against the huge fad of bottled water. I have to hand it to these companies for convincing millions of folks that spending all this money on "water" is worth it. Much of the bottled water is just tap water ...
by lws6772
Fri Mar 28, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: How much water do you drink every day?
Replies: 70
Views: 3484

Re: How much water do you drink every day?

The last time I went to the Doc. he said to drink roughly half(in oz.) of your body weight number every day. If you weigh 160 lbs., then drink about 80 oz. of water per day. I usually don't make it, but I'm trying harder these days. And it's always tap water, unless you're buying. Also, my wife turn...
by lws6772
Thu Mar 27, 2014 10:23 pm
 
Forum: Personal Consumer Issues
Topic: How much water do you drink every day?
Replies: 70
Views: 3484

Re: Professions that have the most/least psychopaths

Interesting. I'm in the top half of the -psychopathy list. :happy
by lws6772
Wed Mar 19, 2014 11:36 am
 
Forum: Personal Consumer Issues
Topic: Professions that have the most/least psychopaths
Replies: 30
Views: 2137

Re: Tipping for a haircut at Great Clips

My Oster 76 clippers never ask for anything. Outliner blade is the shortest blade - almost bald - and gives a cut that will last a couple weeks until needing another. So does that mean you cut it with no blade guard? I cut(with cheap Wahl clippers) my hair and beard with no blade guard. I guess tha...
by lws6772
Mon Mar 10, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: Tipping for a haircut at Great Clips
Replies: 56
Views: 4338

Re: 62 years old - starting all over again

The first thing I would recommend is save like crazy. I mean squeeze every nickel really hard. I agree, and I think this is a much more prudent course of action than taking on inordinate risk at age 62. With PE10 > 25 and bond yields still near all time lows, future returns are likely to be quite m...
by lws6772
Thu Mar 06, 2014 7:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 62 years old - starting all over again
Replies: 27
Views: 4560

Re: Is it wise to go to trade school giving my situation?

I know auto repair can be tough and it doesn't get any easier the older we get. You could try the Jiffy Lube idea or maybe even work at one of the auto parts chains before you go any farther.
by lws6772
Thu Mar 06, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it wise to go to trade school giving my situation?
Replies: 10
Views: 875

Re: The Stock Market's Relentless Bid, Explained

"It is the reason why both bad news and good news seems to get bought, almost as if the two things were entirely interchangeable." - For the last couple of years this phenomenon has baffled me. His explanation seems reasonable. Although I become more cautious (about anything) the longer is...
by lws6772
Wed Mar 05, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: The Stock Market's Relentless Bid, Explained
Replies: 22
Views: 2858

Re: Best car tire air pump?

A good bicycle pump is what I've used for decades.
by lws6772
Thu Feb 27, 2014 5:32 pm
 
Forum: Personal Consumer Issues
Topic: Best car tire air pump?
Replies: 17
Views: 1434

Re: California vs. Texas

Native Texan here(for more than a half century). There is nothing in Texas that can compare to that California coast, well worth the price of admission. 8-)
by lws6772
Wed Feb 26, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: California vs. Texas
Replies: 32
Views: 2888

Re: How did people work out in the past?

There is certainly no shortage of options for working out now days. There are 24 hour gyms, running clubs, yoga, pilates, etc. These all seem to be really new creations. What i want to know is what did people do to work out in the 1950s, 1960s, 1970s, ... before all of this options became available...
by lws6772
Wed Feb 19, 2014 3:36 pm
 
Forum: Personal Consumer Issues
Topic: How did people work out in the past?
Replies: 36
Views: 2398

Re: True Detective anyone?

I like it, plus it's got two of my fellow Texans in it, so I'm obligated to watch. It's a Texas thang. 8-)
by lws6772
Tue Feb 18, 2014 11:18 pm
 
Forum: Personal Consumer Issues
Topic: True Detective anyone?
Replies: 61
Views: 5569

Re: REAL inflation rate

HUGE. I went into a McDonald's yesterday with my grandkids for the first time in a long time. Those 3 cookies for $1? They are now $0.39 each! And the price of a Big Mac? I almost fell over in shock. I have to go to McDonald's more often so I can better track REAL inflation. The last time I bought ...
by lws6772
Tue Feb 18, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: REAL inflation rate
Replies: 36
Views: 1831

Re: What to do in Austin, TX

1. Do you get a nice souvenir on the tour the Collings plant? Do they let you strum a guitar or give lessons/coupons? 2. Is part of the Austin river shaped into a lake which is why they call it lake Austin? Really :confused Is there a Ladybird lake? 3. What makes visiting the John Mueller Meat Co s...
by lws6772
Mon Feb 17, 2014 8:03 pm
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 3780

Re: What to do in Austin, TX

Go to the Habanero Mexican Cafe. As Macho Man used to say, "Oh yeah!". :D
by lws6772
Mon Feb 17, 2014 6:22 pm
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 3780

Re: Vanguard snowed in.

littlebird wrote:
How the weather in Scottsdale, AZ?


81 degrees and sunny. Not meaning to rub it in, but you asked.

67 in Cowtown. 8-)
by lws6772
Thu Feb 13, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard snowed in.
Replies: 31
Views: 3498

Re: Pet peeve: When people refer to this forum as "Bogglehea

TJSI wrote:People who have peeves for pets drive me nuts.

Sounds like you've got a pet peeve.
by lws6772
Thu Feb 13, 2014 10:36 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Pet peeve: When people refer to this forum as "Boggleheads."
Replies: 36
Views: 6048

Re: Any less expensive sources for Lipitor?

gatorking wrote:Ask your doctor why Lipitor. Can't Lovastatin do the job (on the $4 menu at Walmart)?

And the nice thing about Walmart's Lovastatin is you can also get a 90-day supply for just $10(although it may be higher in certain states).
by lws6772
Fri Feb 07, 2014 5:47 pm
 
Forum: Personal Consumer Issues
Topic: Any less expensive sources for Lipitor?
Replies: 54
Views: 3448

Re: Any less expensive sources for Lipitor?

22twain wrote:The generic version of Lipitor (atorvastatin) costs me about $12 per month at my locally-owned neighborhood pharmacy.

That's a deal right there. Is that with insurance or a cash price?
by lws6772
Fri Feb 07, 2014 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Any less expensive sources for Lipitor?
Replies: 54
Views: 3448

Re: Any less expensive sources for Lipitor?

Go to the Costco website and click on pharmacy, then price checker, then look under "a" in the index for atorvastatin(Lipitor). Cheapest price I've seen so far.
by lws6772
Fri Feb 07, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Any less expensive sources for Lipitor?
Replies: 54
Views: 3448

Re: Met a guy at an HFT firm - keeps all his money in cash!?

Lots of professionals are intelligent and well nurtured people. However, this does not mean what they know is accurate or the most efficient way of doing something. A good example is the active management industry. Most portfolio managers earn their CFA and graduated from an amazing university but ...
by lws6772
Fri Feb 07, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Met a guy at an HFT firm - keeps all his money in cash!?
Replies: 26
Views: 2859
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