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Re: Paid off mortgage today

FafnerMorell wrote:Well, given the interest rate was only 3%, it was probably a lousy financial decision in terms of absolute dollars, but it feels good not to have it hanging over me...


Congrats! I did this last year and I'm glad I did.
by stemikger
Mon Sep 29, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 25
Views: 2758

Re: The Villages Retirement Community Near Orlando

The idea of a place that doesn't welcome children is just horrible. My in-laws live in an upscale retirement community in New Jersey and it's the same way. They can visit but they can't stay. I find the place like high school for the older folks. What really makes me sad from listening to stories t...
by stemikger
Sun Sep 28, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7543

Re: Treadmills

Anyone use the sole f63? It's $400 or so less than f80 That's the model I own and I love it. I purchased it at Sears for $999. I bought it two years ago on sale, and then I saw the F80 for the same price six months later at a different store. It didn't really matter to me because I really like my t...
by stemikger
Fri Sep 26, 2014 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 54
Views: 3293

Re: Unexpected Emergency

Hi Folks, To clarify, I was purposely being a little vague due to embarrassment. For the record, I do have very good medical insurance. The medical emergency is my wife's very extensive dental problems that she has been cash flowing for some time. Surgery on her gums and now teeth need to be replace...
by stemikger
Fri Sep 26, 2014 1:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3217

Re: Treadmills

Lots of recs for the Sole treadmills, but what about the elliptical ? What are pros and cons of the various elliptical models ? I'm not a fan of ellipticals. I know they are supposed to be easier on the joints but they hurt my knees. I would definitely go with a treadmill over an elliptical. If you...
by stemikger
Fri Sep 26, 2014 1:45 am
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 54
Views: 3293

Re: Treadmills

Any body bought a new treadmill or elliptical recently? I am looking for a good quality one. I appreciate suggestions for both, Kids play tennis and they prefer treadmill and my wife likes elliptical. Thank you all Two and a half years ago I bought a SOLE which I bought at Sears. I paid $1,000 it w...
by stemikger
Thu Sep 25, 2014 10:42 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 54
Views: 3293

Re: Unexpected Emergency

Thanks for the great replies. I just applied for a 0% credit card and was approved for 18 months. As much as I hate having debt, 0% is as good as it gets and I know I can pay it off in 18 months or less. I also stopped my 401K for the remainder of the year. I am almost maxed out at this point anyway...
by stemikger
Thu Sep 25, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3217

Unexpected Emergency

Hi all, I'd just like your opinion on this. An unexpected emergency of the medical nature came up and I will have to use my entire emergency fund and also borrow an amount in the form of a loan. I currently max out my 401K. I'm thinking about stopping my 401K until I rebuild my EF and pay off the de...
by stemikger
Thu Sep 25, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3217

Re: Can Active Fund Strategy Beat Vanilla Index Fund?

Hi Supersaver, I believe you answered your own question. In Larry's case, it would have been a better choice. However, you made a good point where you stated as long as he is the manager. I rather not worry about manager risk, style risk and of course costs. As Jack says, market risk is enough for m...
by stemikger
Thu Sep 25, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Can Active Fund Strategy Beat Vanilla Index Fund?
Replies: 25
Views: 1494

Re: What did you always wish for but never got?

A date with Farrah Fawcett.
by stemikger
Thu Sep 25, 2014 9:01 am
 
Forum: Personal Consumer Issues
Topic: What did you always wish for but never got?
Replies: 87
Views: 5057

Re: Let's hear your Dave Ramsey success stories

I thik Dave is a gret motivator and gets a lot of people motivated. He pushed me to pay off my mortgage and I'm glad I did it. I live in the Staten Island, New York and several years ago I went to see the Total Money Makeover Live in New York City and I could tell it didn't play as well here as it d...
by stemikger
Thu Sep 25, 2014 3:00 am
 
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 32
Views: 4040

Re: When did you feel "Out of the Woods"?

Although I responded to this post earlier, I would like to tell a little story. Many years ago when my wife and I were first married, we were beyond poor. Not that I'm a high earner now, but going out to dinner was a big event back then. We used to visit a place we still go to called New Hope, Pa an...
by stemikger
Mon Sep 22, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: When did you feel "Out of the Woods"?
Replies: 42
Views: 5325

Re: When did you feel "Out of the Woods"?

Upon retirement. Actually, not long ago, when I officially retired from the workforce in May 2014 and now I have a Saturday mentality, today is Saturday, tomorrow is Saturday, the day after tomorrow is Saturday. +1 +1 What a great mentality. I wish I was there. I don't want to wish my life away, bu...
by stemikger
Sat Sep 20, 2014 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: When did you feel "Out of the Woods"?
Replies: 42
Views: 5325

Re: Do I Really Need a Million Bucks?

$1,000,000 would be way too low for our needs. We want to enjoy life to the fullest, not live like paupers. If having a million dollars in retirement savings means living like a pauper then something is very wrong. +1000. I agree. Yes, I believe that there is a propriety shift that needs to be made...
by stemikger
Sat Sep 20, 2014 4:46 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3556

Re: Do I Really Need a Million Bucks?

So we've all heard the notion that you need a million $ to retire? I bet we can all share stories of people we've known that lived just fine....... aunts, uncles, parents, grandparents, etc had nice retirements with not having large sums of money. I for one am retired with far less tha a million an...
by stemikger
Sat Sep 20, 2014 4:43 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3556

Re: Do I Really Need a Million Bucks?

I plan to retire in 10 years and $1 million will be fine for me and if I don't hit that number, I'm fine with that also. I look at the cash flow and not so much the number, but we will be very comfortable with $1 million in 10 years. And if you don't reach that $1 million, that's fine also. Look at ...
by stemikger
Sat Sep 20, 2014 4:41 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3556

Re: What books next?

I am halfway through reading The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier. It is a fantastic and fascinating read about how a Gordon Gekko type who morphed into a Warren Buffett type of investor but more importantly a person. Leave all...
by stemikger
Sat Sep 20, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: What books next?
Replies: 12
Views: 912

Re: What evidence would prove the Boglehead mentality wrong?

The Relentless Rules of Humble Arithmetic" That message is simple: Gross return in the financial markets, minus the costs of financial intermediation, equals the net return actually delivered to investors. While truly staggering amounts of investment literature have been devoted to the EMH—the ...
by stemikger
Sat Sep 20, 2014 7:19 am
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7627

Re: What Book Are You Currently Reading? Part V

The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier. Great book about a value investor who wins bids and wins lunch with Warren Buffett. I haven't finished, but so far it's the best book about Buffett I have read. A lot of wisdom and it reall...
by stemikger
Fri Sep 19, 2014 9:27 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1168524

Re: When did you feel "Out of the Woods"?

I thought I'd feel out of the woods with a paid off home, but the year I paid off my home, my daughter started college. I am cash flowing her undergraduate education and she will get her BA with no student loans. I'm not so sure I can do the same for her graduate education, but I'm going to give it ...
by stemikger
Fri Sep 19, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: When did you feel "Out of the Woods"?
Replies: 42
Views: 5325

Re: Two Fund real Lazy Portfolio?

those are the components of the classic/original John Bogle's suggested portfolio: Total Stock Market and Total Bond Market. That was also the basis of Scott Burns' original "couch potato" portfolio. +1 I have had this portfolio for a long time and have a substantial amount in it. I'm ver...
by stemikger
Fri Sep 19, 2014 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 36
Views: 4553

Re: AliBaba

Whos's buying, at what price, and how many shares??? Write it in stone: BABA will outperform VTI over next decade. :moneybag I don't have the desire to buy individual stocks. Jack does not look down on it but only do it with your funny money account. It's just a form of entertainment. I rather go t...
by stemikger
Fri Sep 19, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 128
Views: 8125

Re: Any success stories of ppl who never made >$50,000?

I think a definition of "success" is needed. +1 First you have to decide what you think success is when it comes to saving. Although I make more than $50K, I would be considered a low earner around these parts. I never let that get in my way. Having said that, many of my friends are high ...
by stemikger
Tue Sep 16, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10004

Re: Why do so many think their home is a foolproof investmen

I didn't buy my home as an investment, I bought my home to live in and the way I looked at it is if you have to pay rent anyway, why not build equity instead of just making a landlord rich. I bought my home when prices were very low in 1993, my home is 3 times more than I paid for it. I live close t...
by stemikger
Sun Sep 14, 2014 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6446

Re: Could you sleep with all your money in Berkshire Hathawa

No. BH in the 70s is not Berkshire today. It's too large to grow the way it did back then, so basically, you might get the same returns as the S&P, so why not just invest in the S&P. The real trick is to find the next Warren and/or the next Berkshire.
by stemikger
Sun Sep 14, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 49
Views: 3893

Re: Two Fund real Lazy Portfolio?

those are the components of the classic/original John Bogle's suggested portfolio: Total Stock Market and Total Bond Market. That was also the basis of Scott Burns' original "couch potato" portfolio. +1 I have had this portfolio for a long time and have a substantial amount in it. I'm ver...
by stemikger
Sat Sep 13, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Fund real Lazy Portfolio?
Replies: 36
Views: 4553

Re: Anyone moved from NY?

I have lived on Long Island for most of my life (I am 51) except for a few years in the 1980s when I was in college in Manhattan. If you are not living the so-called "life script" (i.e. marriage, kids, a house) then LI is not a bad place. I live in a small apartment in a well run co-op co...
by stemikger
Fri Sep 12, 2014 6:59 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2930

Re: Neighborhood kid around 13 throwing rocks at my house

The last thing you need is a disgruntled neighbor around you. While you may have a lot arsenal, you do want to handle this as peacefully as you could. First, talk to the parents and see if the kid stops. Whatever avenues you can find that are peaceful, you should utilize. Once all avenues have been...
by stemikger
Fri Sep 12, 2014 5:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Neighborhood kid around 13 throwing rocks at my house
Replies: 55
Views: 3130

Re: Does anyone have 'Lazy Portfolios'?

I know that any time a newbie comes in to ask for advice on asset allocation (myself included), an overwhelming majority of responses advice the three or fund portfolio. But, somebody posted this link that has a bunch of Boglehead-like portfolios, I think that person was following a nine or ten fun...
by stemikger
Thu Sep 04, 2014 4:16 am
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 85
Views: 6625

Re: Why invest in foreign funds?

As the saying goes, "when the US sneezes the world catches a cold." I learned this the hard way in the 2008 crash. A few months before the crash, having read many articles about US stock market being a bubble, I moved a lot of money to foreign funds. But when the US stock market crashed t...
by stemikger
Tue Sep 02, 2014 8:05 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in foreign funds?
Replies: 35
Views: 2252

Re: 100% Stock Thread Collection

in some circumstances a 100% equity portfolio might be the right move for some people I agree! It seems that in certain situations it makes sense. Heck even Jack's message when it comes to AA can be a little cryptic. He usually stays on age in bonds but every now and then he will throw in that you ...
by stemikger
Mon Sep 01, 2014 9:11 am
 
Forum: Investing - Theory, News & General
Topic: 100% Stock Thread Collection
Replies: 93
Views: 5390

Re: Warren Buffet and the S&P index fund

I really don't think Buffet was being literal when he said "S&P 500". He was providing a soundbite and not a detail explanasion of his investment philosophy. With just a few words he managed to convey the ideas of keeping costs low, using lots of diversification, having high equity ex...
by stemikger
Thu Aug 28, 2014 9:36 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett and the S&P index fund
Replies: 23
Views: 1764

Re: AA of 60/40 for your Lifetime?

I like how you think. I often thought about doing this myself and who knows maybe I will. What could be sweeter than holding the Vanguard Balanced Index Fund for life and never looking back. Investing doesn't get easier than that and IMHO is the essence of what John Bogle teaches. Scott Burns makes ...
by stemikger
Thu Aug 28, 2014 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2350

Re: 100% stock AA-> At what age to add bonds?

Bonds protect you from a down market. You're suppose to have Bonds if: -you're risk adversed or -are close to retirement because you might not have the time horizon to recover from a recession So a young person w/a strong stomach who graduated from college at age 22 can get by with: 80% Total Marke...
by stemikger
Tue Aug 26, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: 100% stock AA-> At what age to add bonds?
Replies: 58
Views: 3784

Re: Buy & Hold Forever Blue Chip Stocks???

I realize that, but Berkshire owns so many companies, I look at it differently. After reading the book Warren Buffett's Berkshire Hathaway - 101 Reasons to own the World's Greatest Investment by Robert P. Miles, I do not look at it like any other individual stock on earth. However, I still recommen...
by stemikger
Sun Aug 24, 2014 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4419

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by stemikger
Sun Aug 24, 2014 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4419

Re: "Don't Be Scared of Rising Interest Rates"

I'm 37, have a long (>20 yr horizon), and a taxable account that's 100% stock funds. Does it make any sense for anyone to buy a bond fund right now for a taxable account???? In a round about way, I asked this question to Vanguard on Facebook and this was their response to me. Simply put, while the ...
by stemikger
Sun Aug 24, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: "Don't Be Scared of Rising Interest Rates"
Replies: 4
Views: 1089

Re: Buy & Hold Forever Blue Chip Stocks???

Poll for the group.... if you have $20,000 to play with, and HAD to pick <10 stocks to buy and hold forever, which one would you choose? I have: PG MRK AAPL GOOG DIS HD .... ? Boeing ? JNJ ? Wells Fargo Any thoughts? I realize I'm missing financial sector, but that's intentional after 2008 crisis d...
by stemikger
Sun Aug 24, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4419

Re: Good interview with John Bogle

Jaxfann wrote: To go from 80/20 to 25/75 in one move was a huge change and very different to the philosophy continually expounded on this board by very intelligent members. I am surprised that at his age at the time he was so exposed to equities also. Clearly given extraordinary circumstances Bogle...
by stemikger
Sun Aug 24, 2014 8:31 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Best nose hair trimmer (is this okay to ask?)

With all due respect this is a very weird post. I suggest a little scissors could do the job. Unless of course it is a wild growth and then I look to others for suggestions. This is not weird at all. If you are a hairy guy like myself, you have been battling this problem since your late 20s and now...
by stemikger
Sun Aug 24, 2014 8:23 am
 
Forum: Personal Consumer Issues
Topic: Best nose hair trimmer (is this okay to ask?)
Replies: 36
Views: 2745

Re: Good interview with John Bogle

Posted by abuss368
One thing is certain: Mr. Bogle and Mr. Buffett know a lot more about investing than I ever will.


:beer Well said Abuss368! That makes two of us!
by stemikger
Sat Aug 23, 2014 1:31 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Good interview with John Bogle

In this case, we should all listen to Buffett and hold enough cash to be secure and put the rest in the Vanguard 500 Index. I actually did that for a few months and the short term results were pretty good except for the fact I turned into one of those people watching what the S&P did on a daily...
by stemikger
Fri Aug 22, 2014 6:59 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Good interview with John Bogle

Jaxfann wrote: To go from 80/20 to 25/75 in one move was a huge change and very different to the philosophy continually expounded on this board by very intelligent members. I am surprised that at his age at the time he was so exposed to equities also. Clearly given extraordinary circumstances Bogle...
by stemikger
Fri Aug 22, 2014 2:37 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Good interview with John Bogle

HurdyGurdy wrote:The specific video is part 9 of a series of 11, an extended interview with Bogle on many aspects of his work. Highly recommended.

https://www.youtube.com/user/witteecon/videos


Thanks!
by stemikger
Fri Aug 22, 2014 12:48 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Good interview with John Bogle

Thank you for providing the link. Wasn't that awesome from Warren Buffett? Recommending his wife's asset be placed in the Vanguard Index 500 and Treasury bonds? Why again do we need 8 equity funds and 3 bond funds as investors? Do we know something more or better than Warren Buffett? Glad you found...
by stemikger
Thu Aug 21, 2014 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

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

Thank you Taylor!! I am going to print this out and stick it on my Fridge to protect me from myself. I really love your Gems!
by stemikger
Thu Aug 21, 2014 10:41 am
 
Forum: Investing - Theory, News & General
Topic: "The Bogleheads' Guide to Investing -- Second Edition"
Replies: 42
Views: 7018

Re: Good interview with John Bogle

I hadn't seen it, so thanks for posting a link to it. He explicitly stated a couple of things that I've long inferred from his writing, and I was glad to get confirmation that I had understood correctly. Looks like a long, multi-part interview. I look forward to having a block of time to listen to ...
by stemikger
Thu Aug 21, 2014 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Good interview with John Bogle

I'm sure most saw this, but if not, it's a great interview and he even mentions Buffett using the Vanguard 500 Index Fund to leave money for his wife.

https://www.youtube.com/watch?v=k6ra5PO ... ztsFvzSK1g
by stemikger
Thu Aug 21, 2014 4:15 am
 
Forum: Investing - Theory, News & General
Topic: Good interview with John Bogle
Replies: 34
Views: 3788

Re: Investment Allocation for 18 y/o

In my opinion, an 18 year old, with 40-50 years before retirement should have 100% of their retirement assets in equities. You can start to move some of your retirement money gradually into your retirement bond allocation in15-20 years. As you said, "I am not going to need access to my money a...
by stemikger
Thu Aug 21, 2014 2:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Allocation for 18 y/o [military]
Replies: 17
Views: 834

Re: Vanguard on Facebook

pamela.day wrote:That was great that they apologized and researched the answer for you. It really did show that they cared and wanted to make their clients happy. Good job Vanguard!


I agree!
by stemikger
Wed Aug 20, 2014 5:57 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard on Facebook
Replies: 10
Views: 1504
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