Search found 1512 matches

by Abe
Thu Apr 20, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Need Discount Broker Recommendation
Replies: 4
Views: 449

Re: Need Discount Broker Recommendation

Okay, thanks everyone for posting. I'll check out Motif and Robinhood.
by Abe
Wed Apr 19, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Need Discount Broker Recommendation
Replies: 4
Views: 449

Need Discount Broker Recommendation

I have an friend who knows nothing about investing. He wants to invest in a company involved in the marijuana/cannabis industry. I have already advised him about the risk involved, but he only wants to invest $200 so he can't lose much. It would be like going to the casino and losing 200 bucks. He a...
by Abe
Sat Apr 15, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Will it be a mistake to buy VTSMX today?
Replies: 39
Views: 3947

Re: Will it be a mistake to buy VTSMX today?

I bought some a few days ago. Actually it was Admiral shares (VTSAX). I haven"t checked, but I think it's down some since I bought it. As everyone keeps saying, you can't time it. I know personally that it's not an easy thing to do, but you have to look at it long term.
by Abe
Thu Apr 13, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds
Replies: 18
Views: 2153

Re: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds

It's puzzling how Wells Fargo is going to beat the S&P 500 by 3% when Hedge Fund Protégé Partners has not beat it for the last 9 years. Warren Buffett made the bet that the Vanguard S&P 500 Index fund would beat the Hedge Funds over a 10 year period. After 9 years, the index has registered a...
by Abe
Wed Apr 12, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5223

Re: Best way to expand my vocabulary?

“The Elements of Style” reminds us to use simple words wherever simple words will work. Do not "procure" something. "Get" it. It's not a "compulsion." It's a "need." Earnest Hemingway has never been known to use a word that might send the reader to the diction...
by Abe
Sun Apr 09, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 1838

Re: I have a car loan. Can I pay off the loan without penalty?

*3!4!/5! wrote:
Kenkat wrote:What is the interest rate on the loan?
rasputin wrote:4.89%
How did this discussion go so long without this crucial piece of information coming out? :confused


What does the interest rate have to do with the OP's question? "Can I pay off the loan without penalty?"
by Abe
Sun Apr 09, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: I have a car loan. Can I pay off the loan without penalty?
Replies: 28
Views: 1838

Re: I have a car loan. Can I pay off the loan without penalty?

As I understand it, the reason the finance guy at the dealer said you'd pay a fee is to keep you from paying it off early - the dealership won't get their spiff from the bank if the loan is paid off too soon :greedy This is probably the reason they don't want you to pay it off early. Be very skepti...
by Abe
Sat Apr 08, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8452

Re: Buying expensive car, how to keep payments low?

Stolen from another post: https://vimeo.com/41152287 Watch before buying. :shock: Bloom2708. I clicked your link, watched video, then laughed out loud and awakened the kids from their nap. Now the wife is pissed. Ha haaaaaa. The tragic thing is, there are a lot of people like those in the skit. Hey...
by Abe
Fri Apr 07, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 8452

Re: Buying expensive car, how to keep payments low?

There are only four ways to get the payments lower that I can think of. 1) Pay more down, thus financing less. 2) Get a lower interest rate. 3) Extend the term. 4) Of course you can lease, but then you will have a residual at the end. That's like having a balloon payment.
by Abe
Thu Apr 06, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Keurig Coffee Makers
Replies: 57
Views: 5577

Re: Keurig Coffee Makers

I use a Vintage General Electric Coffee Percolator I found in my mothers attic and Folgers or my local store brand coffee. Takes about 5 minutes in the morning to get it going. The cheap drip coffee makers don't get the coffee hot enough for me. http://www.ebay.com/itm/General-Electric-Coffee-Percol...
by Abe
Thu Apr 06, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Conceptual explanation of traditional adding machine operations?
Replies: 13
Views: 732

Re: Conceptual explanation of traditional adding machine operations?

The C button means clear. Example: If you enter an incorrect number, you can hit the C button and clear it out. The CA means clear all. I don't know what the 2 buttons are at the top. I never use them. For the circled buttons on the right side of the key board: The plus/= button would be used when y...
by Abe
Mon Apr 03, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6537

Re: Got my second comma -- what is this anticlimactic feeling?

Look at it this way: That one million will produce $40k per year that you don't have to work for. Smile. Be happy. :happy
by Abe
Mon Apr 03, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6537

Re: Got my second comma -- what is this anticlimactic feeling?

I know what you mean, but keep in mind that a million dollars is still a lot of money. It's quite an achievement to reach a million net worth. Congratulations. Take you wife out to eat and celebrate.
by Abe
Fri Mar 31, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10845

Re: Currently have $700,000 at 26 years old get $100,000 a year

I also have a trust fund which I didn't mention bc it will come MANY years from now when I'm a lot older so I didn't see a point in mentioning it, but it's worth over $3,000,000 and gives set monthly payments. OP, does the $100k per year come from the trust fund or do you parents pay it separately?
by Abe
Thu Mar 30, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a Private Mortgage
Replies: 16
Views: 906

Re: Selling a Private Mortgage

Is a Private Mortgage in line with a Contract For Deed? I have an acquaintance that owns a small resort/campground and he has sold it 5 or 6 times on a contract for deed over many years. Each time he received a down payment and monthly payments. Eventually the new owners failed to make it work and ...
by Abe
Thu Mar 30, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a Private Mortgage
Replies: 16
Views: 906

Re: Selling a Private Mortgage

I bought owner financed mortgages for many years and still hold some. If you sell your mortgage, you will have to take a substantial discount. You said the buyer is paying extra each month and is paying on time. This is a relatively short term mortgage. I would just hold the note until the balloon p...
by Abe
Thu Mar 30, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4422

Re: Is the secret to getting wealthy...

To learn the secret to wealth, read The Richest Man in Babylon. It's relatively simple, but not so easy to do. :beer
by Abe
Tue Mar 28, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 53
Views: 7904

Re: PurePoint 1.25% online savings $10K min

I see the SEC yield for the VG Prime Money Market Fund VMMXX is .86% now. Not wonderful, but getting better.
by Abe
Mon Mar 27, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 42
Views: 3128

Re: Geico insurance rate increase: 26.24% APY?

It pays to shop around. My GEICO policy recently went up to $805.00 per 6 months for my car and truck. When I asked for a better price, they said there was no way they could do it for any less. I checked around and received a quote for $650ish for the same coverage with another company. When I calle...
by Abe
Fri Mar 24, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 3879

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

I just bought a new car a few months ago. I wrote a check for our agreed on price. I had 30 days to license it. I went to our local revenue office and paid the sales tax. I could not get a license until I paid the sales tax.
by Abe
Mon Mar 20, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 5223

Re: Best way to expand my vocabulary?

This may be something everyone here already knows about. I have Microsoft Bookshelf 98 on my computer. I know it's old but it works for me. Whenever I see a word I'm not sure about, I can highlight it and click the Bookshelf icon called quick define, and a window will open with the definition and pr...
by Abe
Fri Mar 17, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10061

Re: GEICO auto rates vs. USAA: too good to be true?

It pays to shop around. My GEICO policy recently went up to $805.00 per 6 months for my car and truck. When I asked for a better price, they said there was no way they could do it for any less. I checked around and received a quote for $650ish for the same coverage wtih another company. When I calle...
by Abe
Wed Mar 15, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 113
Views: 8983

Re: Preparing financially for our funerals - prepay or not?

David Scubadiver wrote: What if you pay and never die?


If I pay and never die, I want a full refund. :happy
by Abe
Sun Mar 12, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: I have to share this quote
Replies: 32
Views: 4569

Re: I have to share this quote

I was talking to some people who were going to a nearby casino. They were excited because the slot machines at this particular casino were paying back 95%. I said something like, "so they keep $5.00 of every $100.00 you put in". They didn't want to talk to me after that. :happy
by Abe
Wed Mar 08, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Buffett’s bets: how dumb are hedge fund managers?
Replies: 50
Views: 4437

Re: Buffett’s bets: how dumb are hedge fund managers?

sandramjet wrote:I'm not sure what the exact terms of the bet were. For example, did it include the effect of fees? Because they would have had to earn more than the S&P to make up for their fees. Were they allowed to change their methods like that?


The returns are after fees.
by Abe
Wed Mar 01, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 6995

Re: Compounding under the microscope.

I think I understand what compounding is and it's not that complicated, but I have no idea what you people are talking about.
by Abe
Tue Feb 28, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 6995

Re: Compounding under the microscope.

I remember reading a book one time where the question was asked: If you have a choice of working for $1000 per day for 35 days, versus working for one cent the first day and doubling the amount each day for 35 days, which choice would you take? Obviously we can't compound our money at 100% per day, ...
by Abe
Mon Feb 27, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 6995

Re: Compounding under the microscope.

Back about 50 years ago, when I was getting into investing, I would calculate the value of my investments and keep a running total in a spiral notebook. Every time I calculated the value, it would be a higher number than I expected. I finally figured out that it was because of the compounding. I sur...
by Abe
Fri Feb 17, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: When the IRS won't take their money
Replies: 8
Views: 1151

Re: When the IRS won't take their money

One year I made my IRA contribution late. I told my tax preparer. He told me if I didn't hear anything from the IRS to forget about it. I never did get a response from the IRS and that's been several years ago.
by Abe
Fri Feb 17, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?
Replies: 31
Views: 2097

Re: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?

The cemetery sales office probably makes more money selling their own plots, so they wouldn't have much incentive to sell yours. I would find out how much the cemetery sells their lots for and then run an ad in the classified section (as Sheepdog suggested) of a local newspaper for a little bit less...
by Abe
Wed Feb 15, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on money gurus
Replies: 12
Views: 1102

Re: BH thoughts on money gurus

I think they all offer some good advice and some not so good advice. I think a lot of the people they are advising are not very knowledgeable. This especially applies to Orman and Ramsey. Are any of them worse than others when it comes to advice? I wouldn't say any one is better or worse than any o...
by Abe
Wed Feb 15, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on money gurus
Replies: 12
Views: 1102

Re: BH thoughts on money gurus

I think they all offer some good advice and some not so good advice. I think a lot of the people they are advising are not very knowledgeable. This especially applies to Orman and Ramsey.
by Abe
Wed Feb 15, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 11198

Re: Who would quit playing if they already won?

Dr Bernstein also said this: "I also think that it makes sense to divide your portfolio into two separate buckets. The first one should be designed to safely meet your living expenses, above and beyond your Social Security and pension checks. In the second portfolio you can take investing risk ...
by Abe
Tue Feb 14, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: get rid of landline but keep access to 911
Replies: 38
Views: 3428

Re: get rid of landline but keep access to 911

I have a landline, and I've been robbed 2 times. Both times the police went to the wrong address because they got my address wrong, so what is the benefit of having a landline?
by Abe
Mon Feb 06, 2017 9:12 pm
Forum: Investing - Theory, News & General
Topic: Too good to be true? [Bogleheads' model of index investing]
Replies: 48
Views: 5807

Re: Too good to be true?

Seems you're basing the "too good" on passive being simple, implying easy. The "catch" is that while it's simple, it's not easy, especially the discipline part over a lifetime. Discipline not just to save, but to avoid all those behavioral pitfalls just lying in wait for you to ...
by Abe
Fri Feb 03, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 8504

Re: How do you guys ignore this stuff?

Thing is, it's harder for some to recognize and ignore noise than for others, a matter of individual differences. Some can spot noise in a single word and move on, while some can't see it or stop reading it until tempted to act on it or do act on it. There probably will always be plenty of both typ...
by Abe
Thu Feb 02, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 8504

Re: How do you guys ignore this stuff?

People have been crying the sky is falling forever. I don't know why. I guess some have ulterior motives and some are just doomsayers and I'm sure there are many other reasons. When I started investing back in the sixties, I paid more attention to it. From experience, I know that the market goes up ...
by Abe
Wed Feb 01, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Can they do better on the price of the car?
Replies: 14
Views: 1764

Re: Can they do better on the price of the car?

I just bought a 2017 Camry. The MSRP price was $24,500. I bought it for $20,000 out the door. I got $4,500 off MSRP which included a $2,500 factory rebate. Edited to add: I may have been able to do a little better if I did the email several dealers thing, but I didn't want to go through all that. It...
by Abe
Tue Jan 31, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 290
Views: 37083

Re: What is your favorite consumer product?

Traveller wrote:Kreighoff K-80...

...and toilets. Very very happy we have toilets.


especially indoor ones. :happy
by Abe
Tue Jan 31, 2017 1:28 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a character flaw?
Replies: 101
Views: 8553

Re: Is joining a country club a character flaw?

Where I live there is a country club near by. I had a friend who was a member and occasionally I was invited, but it just wasn't my thing. Seemed like a bunch of folks trying to impress each other. My friend was flying high for a long time, expensive cars, vacations, country club membership. I didn'...
by Abe
Mon Jan 30, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5530

Re: Please tell me if I can afford this Porsche

3PKWzh9 wrote:-- Total pretax income $1.05M, total aftertax income $500K


I've never had income any where near the OP's, but I was curious about the aftertax income of $500k with a pretax income of $1.05 million. That seems like a lot of taxes, over 50%. But again, I've never been there, so what do I know.
by Abe
Fri Jan 27, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best courses and books on negotiation
Replies: 17
Views: 1431

Re: Best courses and books on negotiation

I like: Secrets of Power Negotiating, by Roger Dawson Not only will it teach you negotiation skills, it will also teach you to recognize when people use these skills against you. https://www.amazon.com/s/ref=nb_sb_ss_c_2_28?url=search-alias%3Dstripbooks&field-keywords=secrets+of+power+negotiatin...
by Abe
Mon Jan 23, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: American Greed new season kicks off on Saturday
Replies: 16
Views: 2132

Re: American Greed new season kicks off on Saturday

Moral of the story is do not be greedy and look for high returns from friendly folks. Buy Vanguard Total Stock Market index instead, and wait until the long term. Every once in a while, the thought occurs to me: Could Vanguard be a ponzie scheme? Seriously though, the show makes me more aware of al...
by Abe
Mon Jan 23, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage in 7 years using HELOC?
Replies: 19
Views: 2653

Re: Pay off mortgage in 7 years using HELOC?

This sounds like when someone borrows money to pay off their credit card debt (consolidate their debt). What difference does it make? They still owe it. People are always looking for an easy way out. There are no magic tricks to get out of debt.
by Abe
Fri Jan 20, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 7804

Re: ok to pull plug and retire?

As Bruce Springsteen sang, "poor man wanna be rich, rich man wanna be king." Those contemplating retirement with $1 million wish they had $2 million. Those with $2 million, wish they had $3 million. No matter how much we have, we wish we had a bit more to ease the analysis and decision. R...
by Abe
Fri Jan 20, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Criticize our retirement portfolio
Replies: 6
Views: 768

Re: Criticize our retirement portfolio

mcluhan wrote:It seems like you may run out of money a little bit too soon with only 40% in equities. Does anyone else think so? I could be wrong.


Depends on how much money they have.
by Abe
Fri Jan 20, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Criticize our retirement portfolio
Replies: 6
Views: 768

Re: Criticize our retirement portfolio

Looks good to me. I don't see anything to criticize. You are 60 years old and decided to take less risk. Nothing wrong with that.
by Abe
Wed Jan 18, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 45
Views: 4734

Re: If I decide to overpay on mortgage payment

The amortization schedule you receive when your loan is originated assumes all payments are made on the due date and for the same payment amount. When you make an extra principal payment, this alters your amortization schedule. It's very easy to recalculate your loan using a financial calculator. Ju...
by Abe
Mon Jan 16, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 45
Views: 4734

Re: If I decide to overpay on mortgage payment

Every time you make a mortgage payment you are paying interest on the principal balance for the previous month. The remainder of the payment is deducted from the principal balance. You would not want to pay interest in advance, but as others have said, you can pay additional principal, which will s...
by Abe
Mon Jan 16, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 45
Views: 4734

Re: If I decide to overpay on mortgage payment

Every time you make a mortgage payment you are paying interest on the principal balance for the previous month. The remainder of the payment is deducted from the principal balance. You would not want to pay interest in advance, but as others have said, you can pay additional principal, which will su...

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