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by meowcat
Thu May 28, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement homes
Replies: 14
Views: 1880

Re: Retirement homes

$5k/month sounds reasonable for the services offered but $550k entry fee?? That sounds a bit absurd, especially for persons nearing the end of their life. If you lose a loved one 6 months into the program does the family get any of that money back?
by meowcat
Wed May 20, 2015 12:04 pm
Forum: Investing - Theory, News & General
Topic: StayTheCourse from a different source
Replies: 2
Views: 483

Re: StayTheCourse from a different source

I don't like the word "average". I think differently than most, I guess. If I begin my investing career in an all indexed portfolio and I'm able to stay the course over the following 40-45 years, I will have beaten the pants off of 90%-95% of all professional money managers. If I win the g...
by meowcat
Mon May 18, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance for Florida Condo High Rise?
Replies: 11
Views: 1104

Re: Flood Insurance for Florida Condo High Rise?

My biggest concern would not be from storm surge as it's highly unlikely to reach 5 stories. Has anybody else seen what kind of destruction can happen from a common plumbing leak, especially in a hi-rise?
by meowcat
Mon May 18, 2015 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 63
Views: 9384

Re: Time to reach 1M and 2M milestones

Contributions also cease to matter. Save 10k/yr and you can get to 100k in 10 years. On the other hand trying to save 1 million dollars at 10k/yr is pretty much impossible . Hardly. If you've got time on your side, say, an entire investing career of 40 years, 1 million is easily reached, even with ...
by meowcat
Thu May 14, 2015 6:01 am
Forum: Investing - Theory, News & General
Topic: [Teens and Investing]
Replies: 17
Views: 931

Re: [Teens and Investing]

For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long, it's specifically written for people in thier early 20's (they'll be there all too soon). Best of all it's available for free here htt...
by meowcat
Fri May 08, 2015 5:59 am
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 8031

Re: move to cash for upcoming bear market?

You know, the S&P500 has only gone from 1500 points in the year 2000 to 2100 points fifteen years later. That's not much of a gain for that long a period, so what is the reason for this extreme confidence that there is some huge, or even moderate, bear market on the near horizon? Maybe if the S...
by meowcat
Sat May 02, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4145

Re: [How do I lead a discussion about saving for retirement?

Audience: Young, impressionable adults. Topic: Boring, personal finance and retirement planning. I'm sorry but you're going to have to bring some serious fun into this group. Make it funny. Make it memorable. Be witty and charming. Yell, cry, scream. Motivate these guys, don't Ben Stein them to dea...
by meowcat
Thu Apr 30, 2015 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 2815

Re: Broke buy quarterly

your right, i love owning companies i love though, i guess i shouldn't mix business with pleasure as they say, i used to want to own all the companies i interacted with all the time, like NFLX, AMZN, GOOG, AAPL, SBUX, TWTR, lol i don't think thats the best idea anymore, I'm wondering though if high...
by meowcat
Wed Apr 29, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 2815

Re: Broke buy quarterly

InQuiSiToR_187 wrote:
just saying i would rather choose which stocks i want to hold based on research and company values...

The greatest minds in finance can't beat the market consistently doing this, what makes you think you can?
by meowcat
Wed Apr 29, 2015 6:13 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 2815

Re: Broke buy quarterly

DSInvestor, Thank you! i was only looking for in depth opinions from somebody smart, i agree with what you say, thank you so much for that reply to my post... i really came here to ask if DIS is a buy , sell or hold at this point, i have my money in3 different places as of now, i have an online sav...
by meowcat
Fri Apr 24, 2015 7:04 am
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 2963

Re: What is a Boglehead?

Investing Made Simple
by meowcat
Thu Apr 16, 2015 6:56 am
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 5409

Re: How to (diplomatically) challenge wife's active mgmt fun

When I've tried to raise these points before, she's pointed out that her funds' performance has been roughly similar to mine over the past few years, so if my approach is so great, why aren't I doing much better? Maybe others in this thread just missed this but if you're not doing much better than ...
by meowcat
Tue Apr 14, 2015 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: MFs needs better way of reporting performance/returns
Replies: 22
Views: 1281

Re: MFs needs better way of reporting performance/returns

I use an iOS app from Space Age Industries called "compound interest calculator+". I love it and use it constantly. :happy
by meowcat
Mon Mar 30, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 3578

Re: Best Way to Visualize Compounding

How about this;
If Christopher Columbus had invested a single penny in 1492 and it compounded at 9% for 523 years, that single penny would be worth $375,023,448,433,528,640.00 today!!!!!
A little extreme, I know, but it gets the point across.
by meowcat
Fri Mar 27, 2015 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 5697

Re: Can you really know your AA until you've hit a bear mark

I went through the tech bubble in 2000, as well as the financial crisis of 2008/2009, all the while, holding 100% equities. I never touched a thing, just kept contributing. I'll be 52 this year. Does that make me a good investor? Absolutely not! Even *I* know it's not a smart move. On the other hand...
by meowcat
Sun Mar 22, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Book recommendations/advice for my mother
Replies: 6
Views: 582

Re: Book recommendations/advice for my mother

Is there any reason she needs to make any changes at all right now? If not, make sure she knows that. Make sure her financial adviser is not creating an urgency that does not need to exist. Good luck to you. Changes, no, but this needs to be acted upon immediately. This advisor is pushing to her to...
by meowcat
Fri Mar 20, 2015 7:08 am
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4522

Re: An inspiring message for Bogleheads

sharpjm, what is your problem?
by meowcat
Tue Feb 10, 2015 10:39 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 849
Views: 119169

Re: What Movie Have You Recently Watched?

thenextguy wrote:
Whoa, whoa, whoa! Spoiler alert!
I was gonna watch that tonight! :oops:

I know!! I was going to watch Titanic but somebody told me the ship sinks, is that true? :mrgreen:
by meowcat
Tue Feb 10, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: "What My Daughter Learned From the Stock-Market Crash"
Replies: 13
Views: 3515

Re: "What My Daughter Learned From the Stock-Market Crash"

nedsaid wrote:
My suspicion is that Rick was a good dad and let his daughter keep her stock profits. But it did teach a valuable lesson to not panic in bad markets.


Of course he did. You may recall from the article that his Daughter didn't take the deal. :happy
by meowcat
Fri Feb 06, 2015 9:20 am
Forum: Investing - Theory, News & General
Topic: Fear and investing
Replies: 12
Views: 808

Re: Fear and investing

It helps to have an intimate understanding of the fact that if you're going to invest hard earned money and have any hope of growth beyond inflation, you are going to have to risk losing huge sums of value from time to time. There is no way around that. Invest smart, avoid the fear, (noise) and you'...
by meowcat
Tue Feb 03, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 13472

Re: Keurig-cup coffee makers - why?

Also, I think your $ numbers are off. I can get Starbucks k-cups for < $0.40/cup. Green Mountain, Timothy's or other slightly less premium k-cups for $0.30-0.35 per. You can also buy the really cheap coffee kcups for less, but I don't. You can also grind your own beans and put them in a special, re...
by meowcat
Tue Feb 03, 2015 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4354

Re: What exactly is "wealthy?"

That said, anyone bringing in, say, quintuple the median is definitely wealthy by incone measures, and has little excuse for not being wealthy by resource standards if that income stream holds up. Someone with a comfy six figure salary can all look at billionaires and feel poor, and can claim that ...
by meowcat
Thu Jan 29, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 2851

Re: High Expense Funds vs Vanguard: No Difference?

Consider that even to achieve the same return as a lower cost fund, the active manager will have to take more risk to make up for the fee. I don't see that as desirable because I am gaining nothing from this extra risk. Agreed, but i am not sure the extent to which this harms you. $25,000 invested ...
by meowcat
Thu Jan 29, 2015 10:47 am
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 2851

Re: High Expense Funds vs Vanguard: No Difference?

It's been researched to death. Read the Power of Passive Investing by Rick Ferri.
Fact: At 1%, you'll be eating fewer tacos in retirement.
by meowcat
Thu Jan 29, 2015 7:14 am
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 2851

Re: High Expense Funds vs Vanguard: No Difference?

Now stretch your six years out to 60 years. (a lifetime of investing) Now compare the costs to Vanguard over the same time period. The difference could possibly be millions. That *was* your money, now it's theirs.
by meowcat
Wed Jan 28, 2015 9:32 am
Forum: Personal Consumer Issues
Topic: Is there a name for this kind of toilet ?
Replies: 13
Views: 1299

Re: Is there a name for this kind of toilet ?

We have them here, at work. Flushmate.
by meowcat
Wed Jan 28, 2015 7:51 am
Forum: Investing - Theory, News & General
Topic: The Biggest Risk
Replies: 18
Views: 2062

Re: The Biggest Risk

Being in 100% equities at 51. It's worked out great, no regrets.
by meowcat
Wed Jan 28, 2015 7:48 am
Forum: Investing - Theory, News & General
Topic: Do you reject mutual funds if assets grow too large?
Replies: 4
Views: 682

Re: Do you reject mutual funds if assets grow too large?

A few articles I've read recently make mention of mutual funds getting too big, from an AUM "assets under management" perspective. But they never really quantify it, and only give vague reasons why it would affect performance. Google "asset bloat". The answers are far from vague...
by meowcat
Wed Jan 28, 2015 7:36 am
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 1804

Re: data mining vs. historical performance

Data mining is the process of finding patterns in data - any data set. What's inherently wrong with that? When you use it to exploit your point, manipulate actual returns, or sell products, it's just wrong. Data mining (cherry picking) :happy is used for the primary purposes of manipulation, you do...
by meowcat
Wed Jan 28, 2015 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Expense ratio of individual stocks at Vanguard
Replies: 16
Views: 1351

Re: Expense ratio of individual stocks at Vanguard

I agree with the other posters. Judging by the OP's original post in this thread it's clear that he/she should not be making his/her own investment decisions. OP, you need to know what a stock is. You need to know what a fund is. You need to know what a bond is. Without a basic understanding of any ...
by meowcat
Tue Jan 20, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 7226

Re: What counts as "saving"?

In my opinion, the answer couldn't be simpler. If you're not spending it, you're saving it, whether it's invested or not.
by meowcat
Wed Jan 14, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: POLL: Homeowners Ins cost $/month per $100k home value?
Replies: 42
Views: 3519

Re: POLL: Homeowners Ins cost $/month per $100k home value?

tigermilk wrote:Well off the charts for coastal Texas. My county borders the Gulf of Mexico, and because of that my rates go up even though I'm 50-60 miles to the coast. $150/month per $100k. I pay $3500 on a $192k property.

Me, too. $150/month. I live in south Florida.
by meowcat
Fri Dec 05, 2014 11:31 am
Forum: Investing - Theory, News & General
Topic: Poll: Do you ask questions at company 401(k) meetings?
Replies: 25
Views: 1914

Re: Poll: Do you ask questions at company 401(k) meetings?

I have had one-on-one's with our administrator. I usually try to be very clear about expenses. Like most advisers, their goal is to kind of "blow you off'". I wouldn't rest so easily. He finally got a clue as to my style of low cost investing and why. He finally says "listen, I get wh...
by meowcat
Mon Dec 01, 2014 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Counselor
Replies: 5
Views: 652

Re: Personal Finance Counselor

Thanks.
I'm looking for a CPFC (Certified Personal Finance Counselor). She doesn't need investing or planning advice.
by meowcat
Mon Dec 01, 2014 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Counselor
Replies: 5
Views: 652

Re: Personal Finance Counselor

This is for someone else. She has no desire to do her own research. What I tell her, she doesn't believe. She may be willing to listen to someone else. I believe I can sway her to seek counseling. She doesn't understand the concept of spending less than you earn and she thinks that, since I'm not a ...
by meowcat
Mon Dec 01, 2014 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Counselor
Replies: 5
Views: 652

Personal Finance Counselor

Does anyone know where one might go to find a Personal Finance Counselor? Not a Credit Counselor or Debt Counselor, but someone who specializes in personal finance. The only thing I can find on the internet is how to become one.
by meowcat
Wed Nov 05, 2014 4:52 pm
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 4250

Re: Ashley Furniture

You won't find much real wood, there.
by meowcat
Tue Nov 04, 2014 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Esurance?
Replies: 15
Views: 1767

Re: Esurance?

Keep in mind that coverage isn't the only thing to think about when shopping for insurance. Regardless of the coverage required, there are good insurance companies and there are bad insurance companies. The good ones will pay the repair facility whatever amount it takes to repair your car correctly...
by meowcat
Fri Oct 31, 2014 8:20 am
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 10072

Re: fleeced by an adviser, is there a recourse?

This is an excellent suggestion. We have nutrition labels on every food package sold in the U.S. Surely, it's easier to have some forms with the adviser's fees. Taking this idea one step further, there should be comparison services of different advisers' fees just as we have sites that compare annu...
by meowcat
Fri Oct 17, 2014 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 5338

Re: First investment strategy meeting with new FA, $6M trust

jbrinker wrote: I have known this guy for years.

Be very, very careful with this. This is what gets investors in trouble every time. "My financial adviser would never do that to me". It's funny, they all end up saying the same thing. "I can't believe my financial adviser did that to me".
by meowcat
Thu Oct 16, 2014 3:11 pm
Forum: Personal Consumer Issues
Topic: What happened to the audiophile?[High quality music sources]
Replies: 71
Views: 4296

Re: What happened to the audiophile?[High quality music sour

An original master recording of Pink Floyd's Dark Side of the Moon on vinyl played on a high end two channel system simply cannot be replicated digitally, period. Audiophile, here, 35 years.
by meowcat
Thu Oct 16, 2014 2:24 pm
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3469

Re: Why are 401k plans expensive?

Too many hands in the cookie jar.
by meowcat
Fri Oct 03, 2014 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Leaving a legacy
Replies: 63
Views: 4633

Re: Leaving a legacy

The issue is simple, really. If you really want to make sure your kids are taken care of, there's no problem with you leaving them your estate. Just do it prudently with a scheduled payout with stipulations. 1. No lump sum payout 2. They must remain gainfully employed 3. They must save a minimum of ...
by meowcat
Wed Sep 24, 2014 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Going forward
Replies: 7
Views: 906

Re: Going forward

Hello all! I questioned him more about the fees and investment strategy, and he said that over the long run these funds have done better than the vanguard style of passive investing despite what the studies show and that even with the fees, he would "blow them (passively managed) out of the wa...
by meowcat
Thu Sep 11, 2014 8:21 am
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2641

Re: Anyone have a house with a pool?

We live in the Fort Lauderdale area where it's difficult to buy or sell a house without a pool. A pool is almost mandatory, here. There is no opening or closing of pools, here, so the pump runs about 8 hours a day, year round. Our 15,000 gallon pool costs us about $40 in electricity a month. Our poo...
by meowcat
Wed Sep 10, 2014 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Fort Lauderdale area: need real estate advice
Replies: 8
Views: 919

Re: Weather

Hurricanes Not for me better than earthquakes. :happy We live in Coral Springs, Fl, which is pretty much nowhere near the coast. We pay about $1,000/month just for property tax and insurance. We've been in the 2,500 square foot house since 2001. If you live anywhere east of I-95 your insurance will...
by meowcat
Wed Sep 10, 2014 6:55 am
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 5358

Re: How much value can an advisor add for the average invest

HardKnocker wrote:
meowcat wrote:If you searched and searched and couldn't find anyone that would wash your car for less than $5,000 wouldn't you just learn how to do it yourself?


Some people would just drive around in a dirty car. :wink:
Yup, that would be a very large part of the population that has no savings.
by meowcat
Wed Sep 10, 2014 6:18 am
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 5358

Re: How much value can an advisor add for the average invest

If you searched and searched and couldn't find anyone that would wash your car for less than $5,000 wouldn't you just learn how to do it yourself?
by meowcat
Mon Sep 08, 2014 3:26 pm
Forum: Personal Consumer Issues
Topic: The daddy of all grill islands
Replies: 35
Views: 3007

Re: The daddy of all grill islands

I discovered a new trend in grilling; infrared. The Rolls Royce of infrared grills is TEC, although hugely expensive. Saber would be my next choice, followed by Solaire or Napoleon.
by meowcat
Mon Sep 08, 2014 5:44 am
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 4551

Re: Why does the stock market "always go up"? Will this pers

Why are we so confident that the Boglehead strategy of passive, index-fund investment will always be the way to go? Couldn't...anything happen? We don't know that passive investing will always be the way to go. Nobody can predict the future. What we do know is that passive investing gives us the be...

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