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Re: Hamilton watches, worth the money?

Jack FFR1846 wrote:For the stated purpose, consider an ebel 1911. It states "I can afford a Rolex but am not so tacky as to actually wear a Rolex".



Different people, different perceptions. I think it states I can't afford a Rolex so I bought this thing that looks like a $49 Bulova.
by midareff
Tue Sep 16, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 175
Views: 4420

Re: Hamilton watches, worth the money?

I'm guessing your cell phone doesn't have a clock? No clocks home, office, car? Having said that, a watch is personal jewelry and as such it's value is in the eye of the beholder. 30 years ago I bought a black plastic Casio chronograph/stop/alarm for either $4.99 or $5.99. It went into saunas, pools...
by midareff
Mon Sep 15, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: Hamilton watches, worth the money?
Replies: 175
Views: 4420

Re: Key to happintess in retirement.

From where I sit this morning, 3 months from 67 and 2.5 years retired, I am in tune with the survey findings. Health is the number one issue, at least for me and I again agree with attitudes and perceptions with and for my health professionals. Other than that wifey and I have our hobbies and intere...
by midareff
Mon Sep 15, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 25
Views: 2442

Re: The dangerous practice of rebalancing...

In terms of strategic portfolio balance, before a pre-retired or retired family invests in risky assets, core retirement needs should be fully funded with risk-free (or nearly risk-free) income. Once these needs have been fully funded, remaining assets can be invested in equities or other types of r...
by midareff
Sat Sep 13, 2014 8:16 am
 
Forum: Investing - Theory, News & General
Topic: The dangerous practice of rebalancing...
Replies: 169
Views: 9673

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Having taken 5 trips to Thailand now I can't imagine how it would be disappointing as long as you don't spend all your time in the tourist areas. Chang Mai and Chang Rai along with most of the northern areas are beautiful, friendly, inexpensive and have incredible food. I agree. There are many many...
by midareff
Fri Sep 12, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5394

Re: Is there a "catch" in this Xfinity offer ?

and what's the price when the promo runs out? and how fast is their 50mb vs. the 30mb you have now?
by midareff
Fri Sep 12, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Is there a "catch" in this Xfinity offer ?
Replies: 23
Views: 1520

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Having taken 5 trips to Thailand now I can't imagine how it would be disappointing as long as you don't spend all your time in the tourist areas. Chang Mai and Chang Rai along with most of the northern areas are beautiful, friendly, inexpensive and have incredible food.
by midareff
Fri Sep 12, 2014 9:23 am
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5394

Re: Approach my boss about the promo he talked about 6mo ago

I can't see any harm in asking when a few minutes might be available in the schedule to discuss how things have been moving along. While time can fly that should ring a bell.
by midareff
Fri Sep 12, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Approach my boss about the promo he talked about 6mo ago?
Replies: 3
Views: 456

Re: Experience with dealer finding the exact car you want?

Whether the car is on their inventory, area inventory, has to be brought in or special ordered is separate and distinct from the negotiated price, which is all up to your skill.
by midareff
Thu Sep 11, 2014 8:53 am
 
Forum: Personal Consumer Issues
Topic: Experience with dealer finding the exact car you want?
Replies: 26
Views: 1634

Re: V6 or V8 engine for new Chrysler 300

Kosmo wrote:Test drive both engines. I prefer power over fuel efficiency.



+1 .... One day when you pull out to pass you'll be glad you did.
by midareff
Mon Sep 08, 2014 12:09 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1639

Re: 50-50 Wellesley-Wellington or Total Bond-Total Stock

Concur. Concur with Bertilak, I like the dynamic duo, plus the combo of TB and TS are good too. For a retirement set-and-forget, all-weather portfolio, my choice is the dynamic duo of Wellesley and Wellington. Just my opinion. Thanks for reading. Me 2. If you want to shake and bake with solid blue ...
by midareff
Sat Sep 06, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: 50-50 Wellesley-Wellington or Total Bond-Total Stock
Replies: 68
Views: 5361

Re: Cash to draw on - Safe Withdrawal Rate

Because the CPI-U can eat you alive over an extended time period and some asset growth is generally required to offset that.... unless you are extremely wealthy with huge cash reserves. .. which makes no sense.
by midareff
Sat Sep 06, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Cash to draw on - Safe Withdrawal Rate
Replies: 10
Views: 1072

Re: RMD Process

I have both stocks and bonds in my IRA. As percentages of total portfolio about 15% equities and 38% bonds. IRA is perhaps 55% of total and RMD is 4 years away. I intend to withdraw from ST IG, which I will keep funded for about 3 years or so of RMD's. A least volatile thing.
by midareff
Sat Sep 06, 2014 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD Process
Replies: 13
Views: 766

Re: Speeding in CT with NY license

There are specialty firms that specialize in fighting traffic infractions. In Miami we have known as the Ticket Clinic, who has about a 98% success record and charge $99 to handle the infraction. After 17 years I got a ticket for not coming to a full stop at a stop sign. I thought I had and decided ...
by midareff
Fri Sep 05, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Speeding in CT with NY license
Replies: 14
Views: 1225

Re: Thailand/Cambodia Travel Recommendations

An outfit www..smartours.com does an amazing job with that trip. Check them out.
by midareff
Thu Sep 04, 2014 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Thailand/Cambodia Travel Recommendations
Replies: 22
Views: 1328

Re: Hidden car key a thing of the past?

Have the same push button system, along with matching door handles. I keep a "key" in my pocket, wife keeps one in her bag. That way if one is lost, by us, a valet, etc., we can still get home :-).
by midareff
Thu Sep 04, 2014 9:59 am
 
Forum: Personal Consumer Issues
Topic: Hidden car key a thing of the past?
Replies: 26
Views: 2519

Re: William Sharpe advises against rebalancing

I view rebalancing strictly as risk control measure. Whether it be stocks/bonds, International/Domestic, etc., that's what it is. You either do or don't have an AA .... whether it be equities to FI or within classes of equities your portfolio will drift over time. Correcting that drift at some point...
by midareff
Thu Sep 04, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: William Sharpe advises against rebalancing
Replies: 32
Views: 2611

Re: Markets defy experts

Interesting, thanks Larry.
by midareff
Thu Sep 04, 2014 8:50 am
 
Forum: Investing - Theory, News & General
Topic: Markets defy experts
Replies: 20
Views: 2396

Re: Modulating The Larry Portfolio

Didn't someone say the only free lunch (on Wall Street) is diversification? Yes, you've stated this before but you never say what is diversification to you? It is having exposure to all the possible factors of small, value, MOM, etc? or is it exposure to each of the 9 boxes in the Morningstar X-Ray...
by midareff
Wed Sep 03, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Modulating The Larry Portfolio
Replies: 34
Views: 2224

Re: Travel Insurance for a "trip of a lifetime"

I would think the booking agent who set up the trip would have a reference. I take insurance for multi-week international tours since cancelled or late flights can really gum things up, but insurance covers little of that in reality. It is more for a medical situation that pops up that prevents you ...
by midareff
Wed Sep 03, 2014 10:50 am
 
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 2355

Re: Modulating The Larry Portfolio

Didn't someone say the only free lunch (on Wall Street) is diversification?
by midareff
Wed Sep 03, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Modulating The Larry Portfolio
Replies: 34
Views: 2224

Re: Bucket Path - Asset Allocation

There have been many threads here on glide paths, reverse glide paths, increasing and decreasing glide paths etc. Has there been any studies in following a bucket path towards asset allocation? Here is how I explain the bucket path. Say you decide you need $1M to retire. Assume you chose the three ...
by midareff
Tue Sep 02, 2014 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Bucket Path - Asset Allocation
Replies: 7
Views: 721

Re: Help Please: Retirement plan vs. Higher Salary

I think when you try to look down the road, and your earnings should increase yearly for many years, the 25% of total will be a huge contribution on the part of your employer. Being entirely self directed is huge as well, assuming you can be a well disciplined investor. I think adding high tax rate ...
by midareff
Tue Sep 02, 2014 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 35
Views: 3019

Re: New 2% cash back Mastercard from Citi

This may be a good card to have, a better alternative to the FIDO 1.5% VISA for those occasions when AMEX won't be accepted. Normally it takes me more than a year to get to the minimum reimbursement amount on the Visa and Fido sure makes it convenient with auto-pay, auto-cash back to my Fido accoun...
by midareff
Mon Sep 01, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 195
Views: 19476

Re: No advantage of Slice and Dice vs 3Fund?

comparison of the 3fund portfolio vs 4fund vs coffeehouse (7fund): http://www.bogleheads.org/blog/the-coffeehouse-portfolio/ longterm (10yrs), they were all within 1% of each other. if so, then KISS theory says stick with the 3Fund? (kiss = keep it simple stupid) Gambler..... 5.92% vs. 7.23% for 15...
by midareff
Mon Sep 01, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: No advantage of Slice and Dice vs 3Fund?
Replies: 45
Views: 3420

Re: New 2% cash back Mastercard from Citi

This may be a good card to have, a better alternative to the FIDO 1.5% VISA for those occasions when AMEX won't be accepted. Normally it takes me more than a year to get to the minimum reimbursement amount on the Visa and Fido sure makes it convenient with auto-pay, auto-cash back to my Fido account...
by midareff
Mon Sep 01, 2014 9:48 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 195
Views: 19476

Re: table suggests total bond not best as diversifier

Call_Me_Op wrote:Back-testing can be hazardous to your wealth.



Amen, and to that I would add a Peter Lynchism..... know what you own and why you own it.
by midareff
Mon Sep 01, 2014 9:46 am
 
Forum: Investing - Theory, News & General
Topic: table suggests total bond not best as diversifier
Replies: 20
Views: 1989

Re: What Movie Have You [Recently] Watched?

We generally go to the movies every week, catching a week day pre noon show at the recently raised "early bird" price of $6.50 a ticket. :mrgreen: It was Expendables III last week, which while certainly not laden with deep meaning was quite entertaining. A late lunch/early dinner out alway...
by midareff
Mon Sep 01, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 84
Views: 3595

Re: Poor Janus, a look at this once high flying fund family

JPH wrote:I did well with Janus for a long time. I got out in 2003 when they were involved in a market timing/after hours trading scandal.



same story here.
by midareff
Mon Sep 01, 2014 8:03 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 72
Views: 7273

Re: Do you have class?

I have 5 and use 4 regularly. All are on auto pay in full monthly and all pay cash rewards. I use them (CC companies) like a cat does a scratching post. AX just offered a $20 credit if I use the card for $20 or more on Amazon by end of today. Bought $44 in color printer ink on sale for $36, less the...
by midareff
Sun Aug 31, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have class?
Replies: 15
Views: 1605

Re: short term investment as of today...

I CD since even if the money was needed in 4 years the interest with early termination should still be higher than .85%. A Limited Term Tax-Ex Fund is also an option but not shown.
by midareff
Sun Aug 31, 2014 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: short term investment as of today...
Replies: 8
Views: 573

Re: Does anyone have 'Lazy Portfolios'?

I use an 11 fund lazy portfolio. Everything needs to be put in context, I'm 66, retired 2.5 and in drawdown. I also slice and dice. Taxable equities have equal 7.5% of portfolio slices of Total US, Total Int, Small Value and Int Small along with IT Tax-Exempt and Limited Term Tax Exempt from which I...
by midareff
Sat Aug 30, 2014 10:53 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 85
Views: 6490

Re: Swedroe Value Metrics

larryswedroe wrote:midareff
This is for the PREMIUM of value, not the return on stocks, what you are thinking of is the return to BETA PLUS the return on the riskless tbill
Larry



Gotcha the language "Larry's numbers: U.S. stocks 1952-2013, "average annual returns" of 4.43 " threw me off.
by midareff
Fri Aug 29, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: Swedroe Value Metrics
Replies: 9
Views: 1009

Re: New 2% cash back Visa card from Citi

heartwood wrote:The link you posted does not mention Visa, nor do other sites I checked. It's not clear what kind of card it is and where it's accepted.


A card that does not say MasterCard or Visa on it will be a problem to use. I think I'll stay with my 2% Fido AMEX and 1.5% Visa.
by midareff
Fri Aug 29, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 195
Views: 19476

Re: Swedroe Value Metrics

I have not done any calculations, but I can not really believe Larry's numbers: U.S. stocks 1952-2013, "average annual returns" of 4.43 (B/P), but 7.33 for E/P? Isn't this way too much of a difference? U.S. stocks 1952-2013, "average annual returns" of 4.43 .... if this is for t...
by midareff
Fri Aug 29, 2014 7:18 am
 
Forum: Investing - Theory, News & General
Topic: Swedroe Value Metrics
Replies: 9
Views: 1009

Re: Debating whether to keep current vehicle or purchase ano

I think you are working it just right. Get the AAA plan with enough coverage that you can break down at work and still get towed to a garage near home. Drive the Focus as far s it will go and then get another couple year old 25k - 35k mile old used replacement.
by midareff
Fri Aug 29, 2014 6:51 am
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 44
Views: 2381

Re: What's "The Herd" doing today?

Reb Tevye wrote:So, what do you think The Herd is doing today?
Please cite your sources. Bonus points if it's your shoe shine boy.



Probably grazing, source, the Farmer's Almanac.
by midareff
Wed Aug 27, 2014 4:44 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3503

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. Very true. -1 ... to save you live on less than you make. Certainly there are those at or under poverty level who need all their income to survive...
by midareff
Wed Aug 27, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2233

Re: 87 yr old mom just inherited $200,000 - what to do with

Perhaps 50-50 in the money market and Total Bond, adjust the percentages as desired. Given her existing portfolio of $55,000 + $200,000 = $255,000, and her monthly withdrawals of $1500 x 12 months = $18,000, this gives an annual withdrawal rate of 7%. Consider a SPIA with part of the money :confuse...
by midareff
Wed Aug 27, 2014 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 87 yr old mom just inherited $200,000 - what to do with it?
Replies: 7
Views: 1001

Re: AA of 60/40 for your Lifetime?

AA is a measure of risk. 80/20 is more risky than 60/40 and so forth. As you age your definition of risk changes. Young investor, ... the risk of not saving/having enough to retire. Older investor, .... the risk of having market upheaval that moves or removes the imminent prospect of retirement. Ret...
by midareff
Wed Aug 27, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2341

Re: Cash in Safe Deposit Box..??

Recently a friend told me he keeps cash in a bank safe deposit box (SDB) because he likes having cash "on hand", but likes having it away from home in case of fire, theft, flood, etc. I told him his cash is losing value (inflation), and that a SDB (for which he pays $40/year) offers littl...
by midareff
Tue Aug 26, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3861

Re: SP500 and recency bias

Is this change of heart typical? Does it say something about my ability to stay the course? Yes and maybe... it also is a pretty clear definition of recency bias. About 30 years ago I used to spend lunch listening to a financial radio station where they repeated almost daily... bulls will make mone...
by midareff
Tue Aug 26, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: SP500 and recency bias
Replies: 23
Views: 2147

Re: S&P500 over 2000

Doctor Shiller's predictions From CNBC dated 31 December 2010 - Using long term analysis, Professor Robert Shiller, macromarkets chief economist at Yale University and the co-creator of the S&P/Case-Shiller Home Price Index, told CNBC on Friday that the S&P 500 may reach 1430 by the year 20...
by midareff
Tue Aug 26, 2014 9:15 am
 
Forum: Investing - Theory, News & General
Topic: S&P500 over 2000
Replies: 68
Views: 5412

Re: Arches-Bryce-Zion road trip: Where to stay?

My wife and I are heading out on on a road trip to see Canyonlands and Arches and then move on to Bryce and Zion. It's kind of a spur of the moment trip and will be our first visit to these areas. We would appreciate your recommendations for lodging. If you mean immediately or including the upcomin...
by midareff
Tue Aug 26, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: Arches-Bryce-Zion road trip: Where to stay?
Replies: 16
Views: 1060

Re: Why don't utilities get any praise

[quote="Clearly_Irrational" Small caps are legitimate if you buy into the multi-factor model. REITs are almost a separate asset class so it's not totally indefensible. Health care is a no no though, it's just a sector play and we all know that's uncompensated risk, utilities fall into the ...
by midareff
Mon Aug 25, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Why don't utilities get any praise
Replies: 39
Views: 3722

Re: Quote from a mover: Please comment

- $1,072.50

Is that a regardless of fault hard cap?
by midareff
Mon Aug 25, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: Quote from a mover: Please comment
Replies: 46
Views: 3851

Re: did I damage my fridge by leaving the door open for a we

Let's look at this simplistically. If it normally "runs" 10% of the time and if the door was wide open and it ran 100% of the time, you put ten weeks use on it. Forgetaboutit.
by midareff
Mon Aug 25, 2014 8:54 am
 
Forum: Personal Consumer Issues
Topic: did I damage my fridge by leaving the door open for a week?
Replies: 31
Views: 2734

Re: The Larry Portfolio - For Tilters and S&D'ers Only

I S&D but the Larry is not diversified enough for me. At 66 and retired I want to own the world, not just the small caps and EM.
by midareff
Sun Aug 24, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: The Larry Portfolio - For Tilters and S&D'ers Only
Replies: 27
Views: 3144

Re: International allocation

In ten of the last twenty years the EAFE has outperformed the SP500 (source Callan Tables). In total performance for that period the SP500 is way ahead despite the split. I have no clue what that means going forward. Personally I'm about 29% domestic and 16% international.
by midareff
Sun Aug 24, 2014 9:03 am
 
Forum: Investing - Theory, News & General
Topic: International allocation
Replies: 73
Views: 4241

Re: I need "Ultra High Net Worth" investing advice please

Vanguard Flagship Select will be your best alternative. It is important to recognize first that Vanguard is structured differently than all the "for profit" firms you have already had discussions with. Vanguard is owned by us, the investors, and costs matter. Markets go up and they go down...
by midareff
Sun Aug 24, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15839
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