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Re: What is your winter thermostat setting (while you are up

We keep it at 74 as anything less we are chilly and there is no reason to be cold in my own house. Putting on a sweater never works for me because its my hands that get cold and I'm not going to wear gloves. Besides gas is cheap with our yearly bill being about $300 and setting it back to 66 would o...
by snodog
Wed Jan 01, 2014 4:31 pm
 
Forum: Personal Consumer Issues
Topic: What is your winter thermostat setting (while you are up)?
Replies: 116
Views: 8597

Re: To convert to natural gas heating ..... or not

No way I'd do it. It was a tossup until you said you may move in 5-10 years. If you decide to sell and move you will never get that money back IMO. Most people do not value heating systems like they should. Not everyone is a boglehead.
by snodog
Sun Sep 29, 2013 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: To convert to natural gas heating ..... or not
Replies: 56
Views: 3657

Re: Bitcoins Purpose in a Portfolio

I don't see any intrinsic value in bitcoins. Even gold has a decent long term history of holding value but I can't even pay my taxes in bitcoin. And just because something is rare or hard to acquire doesn't make it valuable. This is even worse than the tulip bulb mania because with that at least you...
by snodog
Fri Mar 29, 2013 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoins Purpose in a Portfolio
Replies: 103
Views: 9320

Re: Any Minimalists on here?

When I need to microwave something for 20 seconds, I do it for 22 seconds instead - so that I move my finger one less time. Ha ha ha, I thought I was the only one who did this!! I also use a hand towel to dry off after taking a shower because a regular towel is way too much towel. Wife thinks I'm w...
by snodog
Wed Mar 13, 2013 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Any Minimalists on here?
Replies: 93
Views: 9504

Re: Saving money on Smarphones

A few months ago I bought a new droidx for $120 on ebay and activated it on page plus with the $29.95/month plan and trashed my dumb phone.
by snodog
Tue Mar 05, 2013 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Saving money on Smarphones
Replies: 21
Views: 1521

Re: How much to spend on a new washer & dryer

Agree 100% with the last post. I don't care if I loose a little in efficiency if that means I don't have the hassle of replacing every 5 or so years and going to the laundry mat. We save enough by washing everything in cold water. Simple is better, the problem I am having is not being able to find a...
by snodog
Fri Feb 01, 2013 10:55 pm
 
Forum: Personal Consumer Issues
Topic: How much to spend on a new washer & dryer
Replies: 66
Views: 8463

Re: How much to spend on a new washer & dryer

double post.
by snodog
Fri Feb 01, 2013 10:50 pm
 
Forum: Personal Consumer Issues
Topic: How much to spend on a new washer & dryer
Replies: 66
Views: 8463

Re: Buying new home before selling old one?

Thanks to all who have replied especially whomever mentioned the insurance issues as I never would have thought of that and will need to check on. I have a lot to chew on. For the record as of now I'm kinda leaning towards the HELOC. At my local bank looks like the only fees are an appraisal cost wh...
by snodog
Sun Jan 27, 2013 10:14 pm
 
Forum: Personal Consumer Issues
Topic: Buying new home before selling old one?
Replies: 16
Views: 1967

Buying new home before selling old one?

My wife and I are looking at upgrading to a nicer home and met with a realtor for the first time last night. I was planning on selling the old home first (or at the same time) as buying the new one and then taking some savings I had along with the old house money (old house is payed off and we are d...
by snodog
Sat Jan 26, 2013 8:00 pm
 
Forum: Personal Consumer Issues
Topic: Buying new home before selling old one?
Replies: 16
Views: 1967

Re: 2013 BOGLEHEAD CONTEST REGISTRATION

1565.74
by snodog
Sat Jan 05, 2013 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: 2013 BOGLEHEAD CONTEST REGISTRATION
Replies: 481
Views: 15451

Re: Most reliable used vehicles?

Agree with those who said Toyota's and Honda's. I prefer Toyota's because they have timing chains instead of belts. Wife has a 2007 Yaris sedan that was listed in Consumer Reports as the most reliable used car a few years ago. If I was looking for something more sporty I like the new style Mazda3's ...
by snodog
Fri Sep 07, 2012 9:59 pm
 
Forum: Personal Consumer Issues
Topic: Most reliable used vehicles?
Replies: 50
Views: 5328

Re: Want to be Less Risky? Add More Risk!

We all know that to increase the money supply, the Federal Reserve buys securities, which creates new money. Except that's not how it works in a fiat money system. That's a leftover vestige from the gold standard that nowadays isn't about the money supply it's about interest rates. The correct way ...
by snodog
Wed Apr 18, 2012 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Want to be Less Risky? Add More Risk!
Replies: 153
Views: 5885

Re: What's the cheapest cell phone if you don't need minutes

I use page plus for about 15 months now. I buy 2000 minutes for $80 which last me about 9-10 months then rinse and repeat.
by snodog
Thu Feb 16, 2012 9:06 am
 
Forum: Personal Consumer Issues
Topic: What's the cheapest cell phone if you don't need minutes?
Replies: 82
Views: 9014

Re: Future of Social Security: Boglehead View?

I am 42 and imagine I will get my full benefits. Worst case I will get 75%.

In fact I think there is just as good a chance that SS will be increased rather than decreased.
by snodog
Sun Jan 29, 2012 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Future of Social Security: Boglehead View?
Replies: 60
Views: 3532

Re: Does the cruise ship sinking make you reconsider cruisin

We have a cruise scheduled for later this year and have no doubts about going. This will only make cruises safer. I don't know why they are giving that poor captain such a hard time...he didn't mean to get off the ship, he merely tripped and fell into a lifeboat. :lol: http://www.smh.com.au/world/ca...
by snodog
Fri Jan 20, 2012 10:13 am
 
Forum: Personal Consumer Issues
Topic: Does the cruise ship sinking make you reconsider cruising?
Replies: 58
Views: 3420

Re: Inflation

If you think all inflation is always bad for everybody all of the time, then either you are a net creditor (i.e. wealthy) who has never thought about debtors, or you have been successfully propagandized by the contingent that benefits from low inflation. Excellent post. The other week I googled &qu...
by snodog
Thu Jan 19, 2012 8:15 pm
 
Forum: Investing - Theory, News & General
Topic: Inflation
Replies: 26
Views: 1348

Re: Twenty-one hour work week

With more and more jobs being automated there just isn't going to be enough work for everyone in the future. Indeed this may already be happening currently with especially lower skilled jobs. Eventually we may have to go with some kind of basic guarenteed income of like say $15000/year that everyon...
by snodog
Wed Jan 18, 2012 9:50 pm
 
Forum: Personal Consumer Issues
Topic: Twenty-one hour work week
Replies: 68
Views: 4710

Re: Twenty-one hour work week

With more and more jobs being automated there just isn't going to be enough work for everyone in the future. Indeed this may already be happening currently with especially lower skilled jobs. Eventually we may have to go with some kind of basic guarenteed income of like say $15000/year that everyone...
by snodog
Tue Jan 17, 2012 11:15 am
 
Forum: Personal Consumer Issues
Topic: Twenty-one hour work week
Replies: 68
Views: 4710

Re: What *music* are you currently listening?

Listen to a live stream of Radio 104.5 http://www.iheart.com/#/live/3401/?autoplay=true They play Incubus Foster the People The Naked and Famous Jimmy Eat World My Chemical Romance Muse The Roots Young the Giant Soundgarden Pearl Jam Nirvana Audioslave Florence and the Machine Adele 30 Seconds to Ma...
by snodog
Mon Jan 16, 2012 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What *music* are you currently listening?
Replies: 153
Views: 29126

Re: Weimar Inflation Causes.

Cullen Roche has this explaination in "Hyperinflation - It’s more than just a monetary phenomenon" http://pragcap.com/hyperinflation-its-more-than-just-a-monetary-phenomenon The Case of Weimar The Weimar Republic is the most notable hyperinflation. But it was not the only case of hyperinfl...
by snodog
Mon Dec 12, 2011 11:01 am
 
Forum: Investing - Theory, News & General
Topic: Weimar Inflation Causes.
Replies: 34
Views: 2263

Re: Median net worth in US by age

I think we should bring back debtors prisons for all these kids who don't pay their student loans. Anything to hasten the revolution.
by snodog
Fri Nov 11, 2011 11:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Median net worth in US by age
Replies: 84
Views: 10215

Re: How do you deal with the Gloom and Doom

Whenever someone is worried about the US not being able to pay back it's "debt" you can safely ignore any of their economic analysis. The US is a sovereign nation and all of its debts are denominated in its own currency. This whole idea of public debt being "burden" on future ge...
by snodog
Sun Oct 30, 2011 10:41 pm
 
Forum: Investing - Theory, News & General
Topic: How do you deal with the Gloom and Doom
Replies: 80
Views: 6910

MMT guys like Warren Mosler say we could be out of this mess in a matter of months with his recommended policies.

He has some interesting ideas, check out http://moslereconomics.com/
by snodog
Wed Oct 05, 2011 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Two decades to fix things.
Replies: 20
Views: 3277

So far so bad!
by snodog
Mon Oct 03, 2011 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: I'm Bullish this October
Replies: 217
Views: 20367

I never could understand why we make such a big deal about our debt. Along with Japan, Britian had 250% debt at two different times. As long as you print your own currency, debt is never a problem unless you have high inflation. To that I will just add- too bad we can't keep unemployment under 17% ...
by snodog
Sun Oct 02, 2011 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Japan Debt vs American Debt
Replies: 18
Views: 1059

I never could understand why we make such a big deal about our debt. Along with Japan, Britian had 250% debt at two different times. As long as you print your own currency, debt is never a problem unless you have high inflation. To that I will just add- too bad we can't keep unemployment under 17% w...
by snodog
Sun Oct 02, 2011 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Japan Debt vs American Debt
Replies: 18
Views: 1059

I don't use the Perm Port but I have taken its concepts and created my own portfolio which has less gold and riskier equities.

Switched over about 2 months ago and I plan to switch back to my old portfolio when environment is better.
by snodog
Fri Sep 30, 2011 8:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transferring Over to the Permament Portfolio
Replies: 85
Views: 5852

Isn't the fed trying to lower the longer term rates? If anything I'de think you would want to go long the 10 year.
by snodog
Sun Sep 25, 2011 9:02 am
 
Forum: Investing - Theory, News & General
Topic: Anyone think about shorting the ten year bond?
Replies: 19
Views: 1612

More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other to total extinction. Let us pray we have the wisdom to choose correctly.
by snodog
Fri Sep 23, 2011 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: Soros, Roubini: "We're already in recession."
Replies: 18
Views: 2373

You know what they say. "When the going gets tough, the tough go eating, drinking, and smoking".
by snodog
Sat Aug 20, 2011 6:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: How should I spend a weekend after a week of losses?
Replies: 68
Views: 6108

[political remark removed by Mod]
by snodog
Sat Aug 20, 2011 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: Holding TIPS will make you poorer
Replies: 23
Views: 2353

Re: How painful were U.S. recessions in the modern era?

the Wikipedia list of recessions http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States that's a lot of recessions. you'd think economists and policymakers would have some kind of handle on how to get out of them by now. we can put a man on the moon but not create a job. I wonder if e...
by snodog
Sat Aug 20, 2011 10:56 am
 
Forum: Investing - Theory, News & General
Topic: How painful were U.S. recessions in the modern era?
Replies: 35
Views: 3557

Suze has jumped the shark. She used to give decent advice...lately not so much. Orman will have you saving 3 times what you need to retire and Ramsey will have you saving half of what you need. I don't know why we can't get better "experts".
by snodog
Sat Aug 20, 2011 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Ormand vs Index Funds
Replies: 26
Views: 3017

You mean there are introverts on the interwebs?! :lol:

INFJ here.

Strong I
Strong N
T and F almost equal
Moderate J
by snodog
Thu Aug 18, 2011 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads Personality Type
Replies: 176
Views: 46788

Nobody buys gold anymore because it goes up too fast. -Yogi Berra? :lol:
by snodog
Tue Aug 16, 2011 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Why is gold not a bubble - yet
Replies: 138
Views: 11980

With federal deficit around 9% of GDP continually adding money I think we should avoid a double dip(at this time anyways). --tax and economic policy comments deleted-- would greatly help. Not enough to lift unemployment much but stocks could do well over the next year or so. Course Europe could alwa...
by snodog
Sat Aug 13, 2011 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: This Time Could be Worse
Replies: 36
Views: 2692

I don't know what all the cantankerous back and forth is about. Bill Bernstein, cited here, put up an essay on the Permanent Portfolio ("Wild About Harry"), and he said it worked as prescribed. But he also said that the investors now piling into it due to its recent high performance would...
by snodog
Sat Aug 13, 2011 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

The ideas are interesting, but the US shouldn't give any H1-B visas to the Chinese or other adversarial countries. The best way (and the only way for the US short of war) to beat your adversaries is to syphon off their human capital. Nick http://en.wikipedia.org/wiki/Comparative_advantage Thanks fo...
by snodog
Sat Aug 13, 2011 7:35 am
 
Forum: Investing - Theory, News & General
Topic: "The Real Solution is Growth"
Replies: 47
Views: 3698

I'm thinking about changing my strategy from buy and hold to long on odd days and short on even days.
by snodog
Thu Aug 11, 2011 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Changing allocation due to market?
Replies: 51
Views: 5190

I stand by what I said earlier. The excellent returns of the PP over the last 40 years have been driven largely by the higher than normal returns of gold and bonds. That does not mean I think the PP isn't a good way to invest. Like I said I think it is rock solid, just don't expect the same returns...
by snodog
Wed Aug 10, 2011 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

Gumby wrote:
snodog wrote:Now going forward: Here are the long term returns of each element which should give us the best guess of what it will do in the future.


A 'best guess,' based on historical returns, is how we predict future returns of each asset class??



Know of a better way?
by snodog
Wed Aug 10, 2011 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

However I would not expect the nice 9% returns to continue. During the 40 year period gold has returned about 9% and bonds about 8%. That would be unlikely to continue in the future. It doesn't work that way. Looking at the assets in isolation will only confuse you. If gold or bonds are underperfor...
by snodog
Wed Aug 10, 2011 10:05 am
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

However I would not expect the nice 9% returns to continue. During the 40 year period gold has returned about 9% and bonds about 8%. That would be unlikely to continue in the future. It doesn't work that way. Looking at the assets in isolation will only confuse you. If gold or bonds are underperfor...
by snodog
Tue Aug 09, 2011 7:13 pm
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

I am no expert but to me it appears as if the Permanent Port. is rock solid. I've been tracking it for a couple years day to day and it's just slow and steady. In fact it actually went up yesterday when the dow was down 634. However I would not expect the nice 9% returns to continue. During the 40 y...
by snodog
Tue Aug 09, 2011 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: Permanent Portfolio revisited
Replies: 193
Views: 16776

richard wrote:Surveys of business owners and managers show that far and away the main concern is lack of demand for what they're selling. If there was more demand, they'd hire and expand to meet the demand. If regulations or taxes change to make this uneconomic, they'd fire the extra people.


+1
by snodog
Sun Aug 07, 2011 7:40 am
 
Forum: Investing - Theory, News & General
Topic: Employment elephant in the room
Replies: 92
Views: 5732

It is my suspicion that several of you are missing the macro issue here. The downgrade of US sovereign is NOT irrelevant due to the following: 1) It will force S&P to downgrade JP Morgan (as the sovereign stands behind the banking system, you cannot have a bank rated higher than the sovereign),...
by snodog
Sat Aug 06, 2011 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 26113

It is my suspicion that several of you are missing the macro issue here. The downgrade of US sovereign is NOT irrelevant due to the following: 1) It will force S&P to downgrade JP Morgan (as the sovereign stands behind the banking system, you cannot have a bank rated higher than the sovereign),...
by snodog
Sat Aug 06, 2011 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 26113

Incidently, perhaps someone knows the answer to this -I've read that this is the first time in well over a 100 years the US has lost its AAA rating. Were there actually credit ratings of US debt at the time of WWII? It seems to me that after a great depresson which left the country in terrible fina...
by snodog
Sat Aug 06, 2011 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 26113

I am always baffled by the amount of people pointing out how the US can't default because they have the capability to print money. I cannot stress enough how stupid this line of thought is. You do not care whether the goverment will default on it's obligations, that does not concern you . What conc...
by snodog
Sat Aug 06, 2011 11:28 am
 
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 26113
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