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Re: Amazon Prime - good deal or calculated conditioning

Whether or not Amazon Prime is worth is simply a matter of it's worth $99 a year for you to subscribe to their benefits. http://www.amazon.com/gp/help/customer/display.html?nodeId=200444160 For some it's worth it and for others it's a waste of money. As consumers, we each have to make the choice tha...
by mlebuf
Wed Jan 28, 2015 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime - good deal or calculated conditioning
Replies: 50
Views: 2569

Re: What experts say about $5,000 watches

For anyone wanting a watch that keeps perfect time, I recommend this one: http://www.hammacher.com/Product/84166?promo=search My wife gave me one for Christmas some years ago and it's the most accurate watch I've ever owned. Every time I've checked it with WWV it is accurate to the second and runs ...
by mlebuf
Mon Jan 26, 2015 9:55 pm
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173103

Re: What experts say about $5,000 watches

I'm reminded of Rita Davenport, a successful and humorous speaker. She wears two watches on the same arm: an inexpensive Timex and a very expensive Rolex. Pointing first to the Timex and then to the Rolex, Rita tells the audience, "The first one is for me to see and the second one is for you to...
by mlebuf
Mon Jan 26, 2015 2:11 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173103

Re: WHAT EXPERTS SAY ABOUT

Happy Birthday, Taylor! You are the king of the Bogleheads and a prince of a man. Your knowledge and leadership on this form is priceless.
by mlebuf
Sun Jan 25, 2015 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: What Experts Say [about various investing topics]
Replies: 49
Views: 2881

Re: anyone here been to the Super Bowl?

I went to a Cowboys-Dolphins Super Bowl in New Orleans in the early 70's, but my experience will offer no insight, except to show how markedly things have changed since then. The game then was far, far less of an "event" than it has become. As the most glaring of many possible examples of...
by mlebuf
Fri Jan 23, 2015 10:12 pm
 
Forum: Personal Consumer Issues
Topic: anyone here been to the Super Bowl?
Replies: 20
Views: 2037

Re: Retirement in Arizona - Seeking Advice

Hi Bustoff,

Here's a link where you can shop and look at local green fees in Phoenix. They get very pricey in the Scottsdale area.
http://www.localgreenfees.com/phoenix/
by mlebuf
Thu Jan 22, 2015 11:35 am
 
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 67
Views: 4460

Re: Retirement in Arizona - Seeking Advice

Hi Bustoff, We bought a house in Paradise Valley in February 1996, moved here, are still in the same house and love the area. We came out here in early September 1995, looked at houses, decided this was where we wanted to live and later bought a house. No regrets whatsoever. Climate: I tell people t...
by mlebuf
Thu Jan 22, 2015 1:05 am
 
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 67
Views: 4460

Re: Will young get social security?

Unless the government comes up with something better, Social Security will be around for as long as anyone who can read this in 2015. The reason why is simple: Without Social Security an enormous number of Americans would retire to poverty or work until they die. This article by Scott Burns provides...
by mlebuf
Tue Jan 13, 2015 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will young get social security?
Replies: 13
Views: 1189

Re: Finance My Son's Law School

My parents were very generous and paid for my undergraduate education. Paying for grad school was left up to me as it should have been. I spent another 4 years in school getting an MBA, Ph.D. and financed it through a combination of summer jobs, student loans and a graduate assistantship. In retrosp...
by mlebuf
Sun Jan 04, 2015 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financ[ing] My Son's Law School
Replies: 65
Views: 4457

Re: Professor Dumpster, a really tiny house.

If the man has an once of sanity, this will be a short-term experiment. However, speaking as a recovering academic, I've known more than a few who were a few fries short of a Happy Meal.
by mlebuf
Wed Dec 31, 2014 11:24 pm
 
Forum: Personal Consumer Issues
Topic: Professor Dumpster, a really tiny house.
Replies: 18
Views: 2472

Re: My Christmas Message To You -- 70 Years Ago.

Merry Christmas, Taylor,

From the frozen bunkers of Bastogne to King of the Bogleheads and everywhere in between, you have devoted your life to helping others in your own, first-class way. Thank you for your service on so many different levels.
by mlebuf
Fri Dec 26, 2014 12:14 am
 
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5113

Re: Have you ever hoped for a correction?

I like to see mild corrections because they likely are an antidote to a potential bubble. When stocks or any investment become highly overvalued, those less well-informed jump in and usually get burned when the bubble bursts. The dot com and real estate bubbles are cases in point. What goes up like ...
by mlebuf
Wed Dec 24, 2014 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: Have you ever hoped for a correction?
Replies: 52
Views: 3552

Re: How do you define "being rich"?

The Wizard wrote:
mlebuf wrote:Being rich is having a lot of money. The dollar amount chosen is arbitrary.

Being wealthy is having enough money to live your life on your own terms and enjoying good health.

Wait.
Which one is better, Wealthy or Rich?
I need to know...


I'll take wealthy any day.
by mlebuf
Sun Dec 21, 2014 12:56 am
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9465

Re: How do you define "being rich"?

Being rich is having a lot of money. The dollar amount chosen is arbitrary.

Being wealthy is having enough money to live your life on your own terms and enjoying good health.
by mlebuf
Sat Dec 20, 2014 8:26 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9465

Re: WHY is retirement enjoyable / something to look forward

A few of us live to work, but many more of us work to live. Regardless of which type you are, I encourage everyone to save and invest toward the goal of becoming work optional. Sooner or later, the day will almost surely come when being financially independent will come in very handy. I enjoyed the ...
by mlebuf
Wed Dec 17, 2014 3:04 am
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 237
Views: 20045

Re: What are your 2015 Financial Goals?

Continuing to reap the harvest that I began sowing over 35 years ago. 2015 will be the 20th year of serious reaping. How sweet it is.
by mlebuf
Tue Dec 16, 2014 1:27 am
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8243

Re: "Why Retirement at 65 is a Fairy Tale"

Once upon a time, long long ago, there lived a generation of people who as a birthday present to themselves, wrapped up their careers when they turned 65 and, sporting a new gold watch on their wrists, headed south to Florida, never to step foot in an office again. They swung golf clubs, played end...
by mlebuf
Wed Dec 10, 2014 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11994

Re: Exercise machine for small apartment?

About 15 years ago I bought a Diamondback Fitness semi-recumbent bike. It's very quiet, comfortable and durable. I changed the pedals once and had to replace the console display some years back. Other than that, it has been very reliable and is still going strong. I do 30 minutes of biking intersper...
by mlebuf
Thu Dec 04, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Exercise machine for small apartment?
Replies: 21
Views: 2077

Re: New Tony Robbins Book on Financial Freedom

For those interested in learning more about investing, rather than Tony Robbins' new book, I would recommend: The Bogleheads' Guide to Investing - Second Edition , by Mel Lindauer, Taylor Larimore, and Michael LeBoeuf and/or The Millionaire in You , by Michael LeBoeuf Thanks for the kind words, How...
by mlebuf
Wed Dec 03, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 89
Views: 20698

Re: Girlfriend with a LOT of Student debt.

After owning boats, airplanes and going through several bad marriages, a wealthy man said, "If it floats, flies or flirts, lease it." Weddings are all about love and divorces are all about money. Somewhere between 40 and 50 percent of marriages end in divorce and disagreements over money i...
by mlebuf
Tue Nov 25, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13772

Re: How to Plan for an Unknown Future

Hi Scott62, So, you are trying to plan for an unknown future. What other kind is there? I believe you have been on the planet long enough to know that life is full of surprises. From what I read, you are doing a great job of preparing for retirement and are on track have a long and prosperous one. I...
by mlebuf
Mon Nov 24, 2014 2:30 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 23
Views: 2019

Re: 23 year old... Can I afford a Rolex?

Hi Marjimmy,

Before indulging yourself in conspicuous consumption, I suggest you read this small column written by someone who is just slightly older than you are:

http://www.fool.com/investing/general/2 ... t-see.aspx
by mlebuf
Sun Nov 23, 2014 4:37 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 167
Views: 16541

Re: Retirees' Regrets

No regrets here. For those anticipating/in retirement, this advice from Scott Burns seems very worthwhile:
http://assetbuilder.com/scott_burns/the_hedonic_clock

Another excellent article:
http://finance.yahoo.com/news/7-ways-to ... 56194.html
by mlebuf
Fri Nov 21, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Retirees' Regrets
Replies: 23
Views: 3128

Re: How Not to Retire

That's a very sad story. This man had enough intelligence, education and drive to become a Pulitzer Prize winning writer but neglected to take the time to learn how to manage his money. Credit him for understanding and admitting that he has no one to blame but himself. It's a sure bet he wasn't a Bo...
by mlebuf
Mon Nov 17, 2014 4:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 9522

Taylor Larimore, My Favorite Teacher

Prior to becoming King of the Bogleheads, Taylor was a mentor to many others. Many thanks for Bill Serle for posting this story in his blog:
http://billserle.com/?p=762
by mlebuf
Sat Nov 15, 2014 1:40 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor Larimore, My Favorite Teacher
Replies: 13
Views: 2320

A Very Special Story on Veterans Day

A very special thank you to our veterans. I shudder to think where we would be without you.

Here's a very special story that most will find very heart warming:
http://www.va.gov/HEALTH/NewsFeatures/2 ... terans.asp
by mlebuf
Tue Nov 11, 2014 7:31 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A Very Special Story on Veterans Day
Replies: 4
Views: 801

Re: Career Advice for an Unhappy Young Doctor?

About 20 years ago a friend of mine who is a physician asked me to sit-in and observe a presentation he was giving to about 40 practicing MDs. During the presentation he asked them, "If your teenage son or daughter came to you and told you they were considering a career in medicine, how many of...
by mlebuf
Sun Nov 02, 2014 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13965

Re: Are you a "maximizer" or a "satisficer"?

The concept of satisficers vs. maximizers has been around for 50 years or more. http://en.wikipedia.org/wiki/Satisficing Truth be told, the idea of maximizing decisions is somewhat of a naive concept. How do you know you have made the optimum choice? In almost every case you do not. Wait for the per...
by mlebuf
Mon Oct 06, 2014 10:09 pm
 
Forum: Personal Consumer Issues
Topic: Are you a "maximizer" or a "satisficer"?
Replies: 52
Views: 3500

Re: Had a bad experience with Amica

Better that an insurance company refuse to offer coverage than one that offers coverage and fights you tooth and nail, or cancels the policy when you have a major claim. I had one major homeowners claim with Amica and the service was great.
by mlebuf
Wed Oct 01, 2014 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Had a bad experience with Amica
Replies: 25
Views: 2162

Re: Author Advice - Advantages/Disadvantages of Co-author

The co-author has co-authored books with three other people so is well aware of the pitfalls and obviously more savvy than me about all of this. It sounds like you have three references to check! Ask very basic questions: Did the author and his agent fulfill their promises? Would you recommend a ne...
by mlebuf
Sun Sep 28, 2014 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 18
Views: 1345

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

I'd compare stockpickers to astrologers ... but I don't want to bad-mouth the astrologers.
- Eugene Fama
by mlebuf
Mon Sep 22, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3916

Re: Blood work for cats

The vet has been hard selling regular blood work for my mom's cat. The cat is now about 12 years old but is still pretty healthy and do not apparently have any known health issues. I haven't owe a cat for several decades and don't remember blood work being done in those days. Do you think it's wort...
by mlebuf
Sun Sep 21, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Blood work for cats
Replies: 40
Views: 5652

Re: Home/Auto insurance: Amica or Travelers?

Amica gets my vote. I was a State Farm customer for about 35 years and got great service from them in the few times I filed a claim. After not having filed a claim for decades, they upped my homeowner's premium about 70 percent in one year. The agent told me it was because of many claims for mold. I...
by mlebuf
Wed Sep 17, 2014 7:23 pm
 
Forum: Personal Consumer Issues
Topic: Home/Auto insurance: Amica or Travelers?
Replies: 26
Views: 1604

Re: Neighborhood kid around 13 throwing rocks at my house

Ask him to stop. If he doesn't stop, put up a security camera. If you get a video of him throwing rocks at your house, show it to his parents. If he persists on throwing rocks, show the video to the police. Another strategy: You can tell him you have him on video and if he doesn't stop, you will sho...
by mlebuf
Fri Sep 12, 2014 3:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 3551

Re: Quit/retire - should I do this?

Is there a time of year that’s best to do this ? Not expecting a bonus or anything like that. I was ready to pull the plug days ago. What else should I be considering? I thought I was ready to do this but keep feeling like there’s things I’m not thinking of. The best time to retire in your particul...
by mlebuf
Thu Sep 11, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quit/retire - should I do this?
Replies: 41
Views: 3938

Finance is a Strange Industry

That's the title of a column recently written by Morgan Housel, one of the brightest young financial writers to come along in a long time. He writes: I can't think of another industry in which people capable of doing so much harm don't need credentials. Doctors must attend medical school. Lawyers mu...
by mlebuf
Tue Sep 09, 2014 3:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Finance is a Strange Industry
Replies: 6
Views: 1067

Re: The Worst Investment You Can Make: Buying a Home

No, you should not buy a house. Also, you should never: get married, have children or pets, buy a car, eat in nice restaurants, take nice vacations or indulge yourself. You should save to the max, buy mutual funds, and never sell them so you can be the richest person in the cemetery. :oops:
by mlebuf
Sat Aug 23, 2014 3:38 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 17083

The Decline and Fall of Fund Managers

[Posted as new thread, merged here - admin alex] If The Wall Street Journal is any kind of indicator, the future of active fund managers is not bright. Earlier this week they ran an article about investors pouring into Vanguard funds and eschewing stock pickers. Now, Jason Zweig's latest column tel...
by mlebuf
Sat Aug 23, 2014 12:35 am
 
Forum: Investing - Theory, News & General
Topic: WSJ/Zweig- The Decline and Fall of Fund Managers
Replies: 21
Views: 2683

Re: "The Bogleheads' Guide to Investing -- Second Edition"

I'd say if you just want the overriding message, then don't buy the new book because the overall message hasn't changed. However, if you want to use it as a reference for various tax laws, contribution limits, our views on ETFs and back-door Roths, etc., then you'd want the new book. As the third c...
by mlebuf
Thu Aug 21, 2014 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 47
Views: 8303

Investors Pour Into Vanguard, Eschewing Stock Pickers

That's the title of a new article in The Wall Street Journal . A few highlights: Investors are pouring money into Vanguard Group, the epitome of the hands-off approach to investing...The inflow has pushed the mutual-fund giant to almost $3 trillion in assets under management for the first time...The...
by mlebuf
Thu Aug 21, 2014 3:13 am
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 7510

Re: High School Reunions--Have you attended?

I had a similar occurrence. One of my HS friends was apparently murdered by her husband (another of our classmates) several years after graduation. I was not aware for many years because I just was not in touch with the HS people. Another TV episode...which I had seen and not realized it was them. ...
by mlebuf
Sun Aug 03, 2014 7:14 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5749

Re: High School Reunions--Have you attended?

I've been to several high school reunions and enjoyed them far more than I enjoyed high school. As a youngster, whenever people asked me, "How do you like school?" I replied, "Closed." I found college and grad school much more to my liking. The first reunion of my HS class held w...
by mlebuf
Sun Aug 03, 2014 4:47 pm
 
Forum: Personal Consumer Issues
Topic: High School Reunions--Have you attended?
Replies: 79
Views: 5749

Re: Advice on Keeping Inexpensive Long Term Care Policy

Take the policy. If they raise the rates prohibitively or have a track record of not paying, you can always cancel. Two-hundred dollars a year is hardly a big risk.
by mlebuf
Tue Jul 29, 2014 6:50 pm
 
Forum: Personal Consumer Issues
Topic: Advice on Keeping Inexpensive Long Term Care Policy
Replies: 7
Views: 760

Re: POLL: My home is worth less/more in 2014 than in 2007?

We bought our current home in late November of 1995. It appreciated nicely but not spectacularly for about 10 years. Then, when the real estate bubble came into being, the market price jumped 50 percent in just one year. I knew that was tale told by an idiot and would not last. When the bubble burst...
by mlebuf
Sun Jul 27, 2014 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 6323

Re: How many Bogleheads golf?

I played golf twice a week for a year when I was in my early 30's. I decided that if I was going to spend that much time on an activity and get that frustrated, I wanted to be paid for it and became a writer. It turned out to be a good choice because nobody would pay to watch me play golf.
by mlebuf
Sat Jun 28, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4776

Re: Long-Term Care Insurance? Is it a good idea?

I vote no on buying LTC insurance in your 20's. The money is better spent buying disability insurance or term life insurance if it's needed. The best time to consider buying LTC insurance is when you are in your 50's. Chances are that you both will still be in good health and able to buy it. My gues...
by mlebuf
Wed Jun 25, 2014 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Long-Term Care Insurance? Is it a good idea?
Replies: 24
Views: 1960

Re: A day in Dachau?

Two stories about Dachau: In the late '90's my wife, Elke and I visited Germany in May. She was born in the Bavarian village of Bad Tolz during the Battle of the Bulge and immigrated to the US when she was 16. We spent one of our mornings touring Dachau. I swear, the place still had a strange smell,...
by mlebuf
Tue Jun 24, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: A day in Dachau?
Replies: 38
Views: 2893

Re: Any [iPhone] "Apps" you like?

Here are the one's I find most handy on my iPhone: 1. Find My iPhone, iPad, Mac, etc. - Comes in very handy if you lose one. 2. Find My Car Smarter - For an additional $30 you can buy a dongle that plugs into the cigarette lighter and will automatically direct you to your car. With the free app, you...
by mlebuf
Thu Jun 12, 2014 11:33 pm
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4336

Re: The in-laws are broke!

I believe that this issue has been discussed numerous times on these forums, but all situations are unique, and I thought I would bounce this off the bogleheads. As the title says, the in-laws are broke. They are in the late 70's and early 80's. My father-in-law, a financial planner by trade, did n...
by mlebuf
Sun May 25, 2014 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 16689

It’s Twilight for Managed Mutual Funds

That's the title of a recent post at Scott Burn's blog. The first paragraph reads: It doesn’t matter how many pages of advertising they take out in the glossy financial magazines. Ditto how many minutes of ads they buy on television. It doesn’t even matter how many salespeople they send out disguise...
by mlebuf
Mon May 19, 2014 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: It’s Twilight for Managed Mutual Funds
Replies: 23
Views: 2626
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