Search found 1323 matches

by Abe
Fri Jul 22, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Financial light at the end of a dark tunnel
Replies: 6
Views: 647

Re: Financial light at the end of a dark tunnel

Hey, this is great, and a good example of it's never too late to start. :beer
by Abe
Wed Jul 20, 2016 4:23 pm
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 37
Views: 3434

Re: Remind me once again why I can't time the market?

The important thing is that you invest. As far as your strategy, it probably won't make much difference.
by Abe
Wed Jul 20, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: 15 Year vs 30 Year Mortgage + Student Debt
Replies: 13
Views: 1094

Re: 15 Year vs 30 Year Mortgage + Student Debt

With the 15 year loan, your interest rate will be a little lower, but your payment will be higher and you will be required to make the higher payment. With the 30 year loan, your interest rate will be a little higher, but your payment will be lower. If you go with the 30 year loan, you can still mak...
by Abe
Wed Jul 20, 2016 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 4971

Re: OK to stay in cash if you have 40-50x annual expenses?

I too am essentially in this situation with >50 times annual expenses in cash if we describe cash as CD's, savings accounts, bank accounts, etc. In addition to that, I have about 30% of my investable assets in stocks plus some real estate and bonds. But getting to the OP's question, I'm not sure fro...
by Abe
Wed Jul 20, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 2466

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

A company repurchase of shares isn't going unpublic. The equity in a company is to be divided among all outstanding shares. If a company buys back its shares, it's now spending money on reducing the number of shares. The result is that the equity will now be divided among the smaller number of shar...
by Abe
Wed Jul 20, 2016 1:05 pm
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 2466

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

So can a company go un-public? Because then they wouldn't have to share their profits with the share-holders. Oh wait, no they couldn't because the share-holders could refuse to sell. I think I had a light-bulb moment, or am I off? Someone can correct me if I'm wrong here. When a company buys back ...
by Abe
Tue Jul 19, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: How much are these microscopes worth and what should I do with them?
Replies: 15
Views: 1150

Re: How much are these microscopes worth and what should I do with them?

I actually did try and find values on eBay, but I'm having a hard time pinning down comparable prices. The problem is that, other than the Olympus, I can't find specific model numbers on any of these. So, I am just left to lookup a specific brand name and that is bringing up a very wide range of va...
by Abe
Tue Jul 19, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: How much are these microscopes worth and what should I do with them?
Replies: 15
Views: 1150

Re: How much are these microscopes worth and what should I do with them?

I see where some have sold on Ebay for a few hundred dollars. If you don't want to go to the trouble of listing them yourself, there are people who sell on consignment for you on Ebay. There are some antique dealers who will do this.
by Abe
Tue Jul 19, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 4971

Re: OK to stay in cash if you have 40-50x annual expenses?

This is what Warren Buffett says about cash or what he calls currency based investments: Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and other instruments. Most of these currency-based investments are thought of as “safe.” In trut...
by Abe
Tue Jul 19, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 4971

Re: OK to stay in cash if you have 40-50x annual expenses?

If you have a cash position of 40-50x your annual expenses past >5 years that are documented so this is no guessing estimating game, is that OK? Investor is retired, 62. Not taking SS or a small company pension yet. What say the BHs? Are all your investable assets in this cash position? If so, you ...
by Abe
Mon Jul 18, 2016 5:20 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 28277

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

Guess I'll tell my Rolex story. Many years ago, I was at a bar with a group of people who thought that expensive personal items were status symbols. They all had expensive Rolex watches and they were showing them off to each other. Someone asked to see my watch which was a pretty good watch but not ...
by Abe
Mon Jul 18, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 28277

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

Many years ago, I had a mentor who would ask me, "do you know how much that "boat" will cost you in 30 years at 10%"? I have to admit it got me thinking in that groove. :happy
by Abe
Mon Jul 18, 2016 3:23 pm
Forum: Personal Consumer Issues
Topic: Who do you not tip, and why?
Replies: 57
Views: 4506

Re: Who do you not tip, and why?

I've got almost 2 million dollars. I can afford to give a couple of bucks to someone serving me. If nothing else practicing generosity on a person-to-person level builds character as I define it. How much money you have is not the point. I have way more than 2 million, but why should I, the custome...
by Abe
Mon Jul 18, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Who do you not tip, and why?
Replies: 57
Views: 4506

Re: Who do you not tip, and why?

Let me start by saying, I hate tipping. I don't travel so no problem there. When I eat out I usually tip 15% or 20%, not because I think I'll get better service, but because I feel guilty if I don't. And this is part of the problem with tipping. We feel guilty if we don't tip, but nobody says anythi...
by Abe
Mon Jul 18, 2016 9:51 am
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6004

Re: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]

I have my units (2) serviced twice a year for the cooling and heating systems. In spring my technician turns off the power to the outside a/c unit, removes the grill on top of the fan blade unit so he can gain access from the inside of the coils, hand sprays the fins from the outside with a product...
by Abe
Mon Jul 18, 2016 9:25 am
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6004

Re: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]

Did you also wash out the outside unit as I recommended in an earlier post? If not you definitely need to do this also. It will make the unit run more efficiently. It's an easy about 10 job and should be done at least once a year anyway. I promise you will have less problems if you do this. The dir...
by Abe
Sun Jul 17, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6004

Re: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]

Did you also wash out the outside unit as I recommended in an earlier post? If not you definitely need to do this also. It will make the unit run more efficiently. It's an easy about 10 job and should be done at least once a year anyway. I promise you will have less problems if you do this. The dire...
by Abe
Sat Jul 16, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 3177

Re: What if the fed never raises rates?

selftalk wrote:What if the sky falls !


This is what I call the Chicken Little Syndrome. A lot of people have it, but I won't call any names. Humans are very adept at employing it. :happy
by Abe
Sat Jul 16, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: How to be an enterprising investor?
Replies: 11
Views: 1235

Re: How to be an enterprising investor?

I have a rule: Those who know the most win. For many years, I bought owner financed mortgages. I almost always came out better on the deals I made with the sellers because I knew more than they did. Buying stocks is a different story. There are a lot of people that know more than I do and have acces...
by Abe
Sat Jul 16, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Contractor tipping: owner vs onsite supervisor
Replies: 24
Views: 1192

Re: Contractor tipping: owner vs onsite supervisor

I grew up in an economically depressed area. It was a hard time. Nobody had any money. The only tipping that was done was maybe leaving a small tip for the waitress at the cafe. Now, it seems everybody expects a tip, and a lot of people feel guilty if they don't give a tip. I can remember delivering...
by Abe
Sat Jul 16, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

...I believe that you shouldn't just look at the interest rate written on the face of the document. Lets say that the OP sold the house for the exact same terms I used in my example: Sale price $100k, $10k down payment, 5% interest, 20 year term, payment $593.96, and as I posted in my example, the ...
by Abe
Fri Jul 15, 2016 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

...I believe that you shouldn't just look at the interest rate written on the face of the document. Lets say that the OP sold the house for the exact same terms I used in my example: Sale price $100k, $10k down payment, 5% interest, 20 year term, payment $593.96, and as I posted in my example, the ...
by Abe
Fri Jul 15, 2016 3:21 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3891

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

The Time Value of Money and Discounting back to Present Value are fundamental investing concepts. If one understands these concepts, it is much easier to understand why a portfolio will continue to increase over time. If we believe that companies will continue to make profits in the future, then we ...
by Abe
Thu Jul 14, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

The benefit to the seller when owner financing is not the interest rate on the mortgage. The benefit to the seller is his yield. A big part of his yield is in the discount, the difference in what he sells it for and what he paid for it. Lets say the seller originally paid $75k for the house and sel...
by Abe
Thu Jul 14, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Electric Bills Killing Me from AC. Need Advice. [Air Conditioner]
Replies: 81
Views: 6004

Re: Electric Bills Killing Me from AC. Need Advice.

Try this first. Wash out the outside unit. To do this, turn the A/C off, then using an ordinary garden hose with a nozzle set at high pressure, wash the unit out. You will see metal fins all around the outside unit. Just hold the nozzle about an inch out form the fins and going up and down with the ...
by Abe
Thu Jul 14, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

The benefit to the seller when owner financing is not the interest rate on the mortgage. The benefit to the seller is his yield. A big part of his yield is in the discount, the difference in what he sells it for and what he paid for it. Lets say the seller originally paid $75k for the house and sel...
by Abe
Thu Jul 14, 2016 10:47 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7355

Re: "How saving too much can make your retirement less satisfying"

"The people who are most effective for saving for retirement — who live frugally and manage to save a big piece of their income — get that so ingrained into their behaviors that by the time they retire with their healthy nest egg, they can’t turn the switch" I fall into this category. Bei...
by Abe
Thu Jul 14, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

The benefit to the seller when owner financing is not the interest rate on the mortgage. The benefit to the seller is his yield. A big part of his yield is in the discount, the difference in what he sells it for and what he paid for it. Lets say the seller originally paid $75k for the house and sell...
by Abe
Wed Jul 13, 2016 3:46 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 3177

Re: What if the fed never raises rates?

I can remember when pass book savings accounts paid 51/4% and they did for a long time, but you could get more with a one year CD. I remember thinking back then that if I had enough money, I could live on the interest. I guess that idea stuck because I now have a lot of money sitting in online savin...
by Abe
Wed Jul 13, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 213
Views: 28277

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

I am assuming, given your young age, that one of the goals with this purchase is to attract the attention of young females. That is very understandable, but I would suggest there is a much better means of accomplishing this with the $5000. First focus on your fitness. One third of young men your ag...
by Abe
Wed Jul 13, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4543

Re: Any wealthy bogleheads NOT use credit cards??

I'm old fashioned. I never had a credit card until I sold my business a few years ago. The only reason I got one then was because I wanted to do a little traveling and it seemed that one was necessary for that. I normally have five or six hundred dollars in my pocket, and I still pretty much pay for...
by Abe
Wed Jul 13, 2016 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2584

Re: taking back a mortgage

I have had considerable experience with owner financing property I owned and also buying existing mortgages at discount. Yes, owner financing is a good way to sell your property and also create paper. When I say create paper, in the business that means converting your rental into a mortgage. Also, t...
by Abe
Wed Jul 13, 2016 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell $250 face value 90% junk silver dimes?
Replies: 31
Views: 2515

Re: Best way to sell $250 face value 90% junk silver dimes?

Some good points, thanks. I have no intention of selling to a stranger. A friend of ours is pretty heavily immersed in doomsday predictions and she said she'd ask around for a buyer. If there doesn't seem to be one within a few weeks, I'll sell to APMEX or a local dealer. I'll just keep my fingers ...
by Abe
Tue Jul 12, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Ideal allocation for someone who has reached their "number"
Replies: 32
Views: 3278

Re: Ideal allocation for someone who has reached their "number"

At your age and with 6 million, it's highly unlikely that you will ever run out of money. It sounds like you are fairly comfortable with no more than 40% stocks, so maybe that is the right number for you. Forty percent of 6 million is $2.4 million. If the market drops 50%, you would lose half of tha...
by Abe
Tue Jul 12, 2016 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to sell $250 face value 90% junk silver dimes?
Replies: 31
Views: 2515

Re: Best way to sell $250 face value 90% junk silver dimes?

integrity wrote:Wow this is a thread I never expected to see on Bogleheads...
:oops: :shock:


Why? :beer
by Abe
Tue Jul 12, 2016 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Best way to sell $250 face value 90% junk silver dimes?
Replies: 31
Views: 2515

Re: Best way to sell $250 face value 90% junk silver dimes?

I buy silver and gold. Using todays spot silver price $20.34. There is $14.54 troy oz of silver per dollar of face value in one troy oz. ($20.34 x .715=$14.54) $14.54 x 250 = $3,635. My buyer will pay me 95% of $3635 or $3,453. I have sold a lot of gold and silver to Midwest Refineries. Midwest Refi...
by Abe
Sun Jul 10, 2016 4:12 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3891

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

If the stock market is not well regulated then companies will be able to mislead investors about their balance sheets and engineer fraudulent run-ups in price; cons and crooks will be able to drive prices for illicit gain; in general poorly regulated stock markets will have a disconnect between the...
by Abe
Sun Jul 10, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3891

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

If the stock market is not well regulated then companies will be able to mislead investors about their balance sheets and engineer fraudulent run-ups in price; cons and crooks will be able to drive prices for illicit gain; in general poorly regulated stock markets will have a disconnect between the...
by Abe
Sun Jul 10, 2016 12:22 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3891

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

Aptenodytes wrote:
Abe wrote:As long as the companies that make up the stock market continue to increase earnings (profits), the stock market will continue to go up. Common sense right.

Sort of.
The stock market also has to well regulated.


I don't know what you mean.
by Abe
Sun Jul 10, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3891

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

Warren Buffett said: "Over time, the aggregate gains made by shareholders must of necessity match the business gains of the company". John Bogle said: "History, if only we would take the trouble to look at it, reveals the remarkable, if essential, linkage between the cumulative long-t...
by Abe
Sat Jul 09, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: General Negotiating Tips
Replies: 72
Views: 7260

Re: General Negotiating Tips

He told me, "you'll make more money per hour negotiating than you will in most anything else". I believe he was right. If you get someone down say a thousand dollars on a big ticket item like a car, and it takes you 30 minutes to do it, that's $2000 per hour. I buy a car every 20 years. I...
by Abe
Sat Jul 09, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: General Negotiating Tips
Replies: 72
Views: 7260

Re: General Negotiating Tips

He told me, "you'll make more money per hour negotiating than you will in most anything else". I believe he was right. If you get someone down say a thousand dollars on a big ticket item like a car, and it takes you 30 minutes to do it, that's $2000 per hour. I buy a car every 20 years. I...
by Abe
Sat Jul 09, 2016 3:34 pm
Forum: Personal Consumer Issues
Topic: General Negotiating Tips
Replies: 72
Views: 7260

Re: General Negotiating Tips

This is a good negotiating book: The Secrets of Power Negotiating by Roger Dawson Hello Abe. I took your advice and purchased this book along with a negotiating book by Chris Voss and and audio book. Very good reads so far. Thanks for the advice. And thanks to those that have posted some great advi...
by Abe
Fri Jul 08, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!
Replies: 48
Views: 3003

Re: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!

The motor for my power window on my car went out. I bought one on Ebay much cheaper and let my mechanic install it. It never did work right. Later I took it to another mechanic and he said the motor I got on Ebay was defective, so I let him order a new motor and install it. It's working fine now. So...
by Abe
Wed Jul 06, 2016 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Has a bank offered you a "Special" CD rate?
Replies: 16
Views: 1901

Re: Has a bank offered you a "Special" CD rate?

Yes, all the time. Every thing is negotiable. But, you have to ask. Many times a bank will match another banks rate. Just recently, I had a CD mature at a local bank. I didn't like the new rate they offered. The girl I was talking with told me she would ask her superior if they could pay the rate I ...
by Abe
Sun Jul 03, 2016 11:35 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on???
Replies: 149
Views: 12979

Re: What do you spend your money on???

TxAg wrote:Hunting can get pretty expensive these days. Not much public land in TX.


I don't hunt either. Not enough profit in it. :happy
by Abe
Sun Jul 03, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 204
Views: 19430

Re: Where were you financially when you were at 30?

My husband and I are 31. Net worth is $1.4 million ($1 million in stocks and bonds and $400k in home equity on a home worth $600k). I make $200k, my husband makes $50k, and we spend about $50k a year. When I write it down, our financial situation looks good but we live in Silicon Valley and it seem...
by Abe
Sat Jul 02, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Save Thousands on Dental Expenses!
Replies: 21
Views: 2658

Re: Save Thousands on Dental Expenses!

I have had paradontal problems my entire life. When I was about 15 years old, I had paradontal surgery, then again at about age 37. After that, I knew I would have to do something different or I was going to lose my teeth. I started having my teeth cleaned every 6 to 8 months. I brush my teeth every...
by Abe
Sat Jul 02, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 204
Views: 19430

Re: Where were you financially when you were at 30?

bo105954027 wrote:What was your financial condition when you were at 30? It will help much more if you could also list your current condition to show your financial achievement since then. :)


I can't remember my financial condition when I was 30. I'm sure it was probably below $50k.
by Abe
Sat Jul 02, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 11
Views: 1595

Re: Social Security Question

OP here. Thanks everyone for all your help. I will call Social Security.

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