Search found 1550 matches

by Abe
Fri Jun 23, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 7457

Re: Which High-Yield Online Savings Account Should I Open?

Vanguard Prime Money Market (VMMXX) SEC yield is 1.05% Would there a be reason to use this MM when Online savings accounts pay more? (Barclays 1.15%, Synchrony 1.15%, GSbank 1.2%). Well I guess it depends. In my case, I've pretty much funded several online savings accounts to the maximum FDIC cover...
by Abe
Fri Jun 23, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 72
Views: 7457

Re: Which High-Yield Online Savings Account Should I Open?

Vanguard Prime Money Market (VMMXX) SEC yield is 1.05%
by Abe
Mon Jun 19, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Wealth doesn't come with a handbook"
Replies: 2
Views: 1067

Re: "Wealth doesn't come with a handbook"

I read most of the article, but it's not something I can relate to since I don't have their problem. :beer
by Abe
Mon Jun 19, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1318

Re: Trying to save money on prescription drug

Thanks everyone for all your help. I'm getting a lot of good information.
by Abe
Mon Jun 19, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1318

Re: Trying to save money on prescription drug

Thanks everyone for all your help. I do appreciate it. I have ordered from Northwest Pharmacy and had a good experience with it, received actual brand name meds at a heavily discounted price vs US cost. https://www.northwestpharmacy.com/ Thank you BruDude. This is the kind of information I'm looking...
by Abe
Mon Jun 19, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1318

Re: Trying to save money on prescription drug

Asthma inhalers are super expensive and there often are no discounts. I had to switch to QVar recently also, because my health insurance company would no longer accept Flovent. I found that in terms of cost, it was cheapest to go through my health insurance. I originally called Costco, thinking Cos...
by Abe
Mon Jun 19, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1318

Re: Trying to save money on prescription drug

I don't have any experience but I am considering doing something similar. How did you pick a Canadian pharmacy online? Can you post the URL? Thanks I just Googled, Canadian drugs online and several came up. Edited to add: I don't know anything about it either. That's why I posted, to get some infor...
by Abe
Mon Jun 19, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Trying to save money on prescription drug
Replies: 28
Views: 1318

Trying to save money on prescription drug

I have a condition where I am coughing and wheezing at night. My doctor prescribed a medication for me called Qvar inhaler. I purchased it at Walmart Pharmacy and it is working. It looks like I will have to continue taking this medication on a regular basis. The cost is $176.00 for 120 doses, and it...
by Abe
Sat Jun 17, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4771

Re: Curious to odd estate question

I think this is an unsolvable problem. I never thought about it, but it looks to me like anytime you destroy an asset someone will benefit from it. I could buy $6 million dollars worth of charcoal and burn it, but the person who sold me the charcoal would have the money. :beer
by Abe
Fri Jun 16, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4771

Re: Curious to odd estate question

Put in you will that, after your death, the executor of your will invite all your friends and family to a party. At the party, have a big bonfire and burn all the money. :happy
by Abe
Fri Jun 16, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2281

Re: Watch Batteries

Get a kit like this and change the battery yourself. You can spend more on a kit and get a case and more tools. http://www.amazon.com/Stalwart-16-Piece-Professional-Jewelry-Repair/dp/B006VWVX1Q You can get this on Ebay for $5.00 with free shipping: http://www.ebay.com/itm/Stalwart-16-Piece-Professi...
by Abe
Fri Jun 16, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2281

Re: Watch Batteries

Get a kit like this and change the battery yourself. You can spend more on a kit and get a case and more tools. http://www.amazon.com/Stalwart-16-Piece-Professional-Jewelry-Repair/dp/B006VWVX1Q You can get this on Ebay for $5.00 with free shipping: http://www.ebay.com/itm/Stalwart-16-Piece-Professi...
by Abe
Thu Jun 15, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4771

Re: Curious to odd estate question

Convert all of your assets to cash and state in your last will and instructions that you want to be cremated upon death along with all of your cash. Reminds me of the fellow who told his wife he wanted to take his money with him when he died. At the funeral a friend asked her how she was going to d...
by Abe
Thu Jun 15, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 5056

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

I have owned rental properties for over 40 years. Even though I live in a economically depressed area, I have done pretty well with them. Yes, there is some work and headaches involved, but not anything like a full time job. I have never found anything that was profitable that didn't require some wo...
by Abe
Thu Jun 15, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2281

Re: Watch Batteries

I will guiltily admit that sometimes I have purchased a new $15 watch from Amazon rather than bother to change the battery in my old watch. A lot of people do this. I saw a fellow at a flea market one time, and he had a box full of non-working watches he bought at an auction for $5 for the entire b...
by Abe
Wed Jun 14, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: The Average Mortgage?
Replies: 15
Views: 1132

Re: The Average Mortgage?

We had relatives who lived in California. They continuously refinanced their home to the hilt and used the money for vacations, new cars and trucks, pots and pans, whatever. When the real estate crash hit, they went underwater. It was my wifes sister. We had to help them get established in a lower c...
by Abe
Tue Jun 13, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2281

Re: Watch Batteries

You can buy Sunbeam alkaline watch batteries at Dollar Tree stores. Four batteries in a package cost $1.00. I use them in my cheap $12 Walmart watch and they last a long time. It's not hard to replace the batteries. Just pop the little cover off on back of watch and put in a new one.
by Abe
Tue Jun 06, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: Manifesting Your Riches?
Replies: 20
Views: 1908

Re: Manifesting Your Riches?

I remember reading "Think and Grow Rich", but it didn't make me rich. Maybe I wasn't thinking hard enough. :happy
by Abe
Tue Jun 06, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: I pay off my 3% loan. Is my return 3%?
Replies: 36
Views: 3808

Re: I pay off my 3% loan. Is my return 3%?

I thought I understood this and now I am confused too. At time zero You loan x dollars at y interest rate At the same time zero You receive a loan of x dollars at y interest to another party Assume no transaction costs and times align Then at all future time points you are at zero dollars - I think...
by Abe
Tue Jun 06, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: I pay off my 3% loan. Is my return 3%?
Replies: 36
Views: 3808

Re: I pay off my 3% loan. Is my return 3%?

The best way to understand how a mortgage works is to get an amortization schedule and do the calculations by hand. For example I ran an amortization schedule for the $60k, 6%, 120 month, $666.12 payment mortgage. The amortization schedule shows a balance of $55,483.71 after payment #12. To calculat...
by Abe
Mon Jun 05, 2017 4:39 pm
Forum: Investing - Theory, News & General
Topic: I pay off my 3% loan. Is my return 3%?
Replies: 36
Views: 3808

Re: I pay off my 3% loan. Is my return 3%?

I agree with the above. If I am paying on a $10k mortgage at 10% and I pay it off for $10k, wouldn't that have the same effect as me buying that same mortgage for $10k. Either way, my return is 10%.
by Abe
Fri Jun 02, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: help assessing risk of promissory note w/ Techshop, Inc.
Replies: 35
Views: 4951

Re: help assessing risk of promissory note w/ Techshop, Inc.

I hate to say it, but this sounds like a Ponzi Scheme to me. Are the promissory notes secured by any thing? Even if it's not a Ponzi Scheme, it doesn't look like the investors will get their money back.
by Abe
Thu Jun 01, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 45
Views: 2302

Re: Changing Car Cabin Air Filter - after how much time

I didn't even know there was such a thing. And when did they start calling the inside of a car a cabin. I thought that was for airplanes. :happy
by Abe
Thu Jun 01, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2389

Re: Do you have a bucket to pay your mortgage or pay from core?

Many years ago, I had a small business and most of my customers were not very well educated and had low incomes. Some of them would ask me to help them with their bills each month. They would put the amount of money for each individual bill into an envelope. They were doing good if they had any mone...
by Abe
Wed May 31, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Predicted 4% return over next decade. What do you do now?
Replies: 71
Views: 6619

Re: Predicted 4% return over next decade. What do you do now?

Hate to show my ignorance, but I have to ask. I'm pretty sure when Mr Bogle predicts 4% stock market returns over the next decade he means 4% real, adjusted for inflation. My question is, when he predicts 4% returns, does he mean with dividends reinvested or without dividends reinvested?
by Abe
Sat May 27, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: History: Tulip Fever
Replies: 13
Views: 1997

Re: History: Tulip Fever

I remember, back in the 70's or 80's I think, when land prices were going up and a lot of people were buying, expecting (speculating) it to go higher. I knew a successful farmer, land owner and investor at the time, but he wasn't buying. I asked him why he wasn't buying at the time. He said, "I...
by Abe
Wed May 24, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage prepay math with PMI
Replies: 11
Views: 1139

Re: Mortgage prepay math with PMI

OP: Your calculation looks okay to me.
by Abe
Tue May 23, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Shocking car insurance quote
Replies: 39
Views: 4971

Re: Shocking car insurance quote

My insurance with Geico kept creeping up. I called and asked for a better rate. They told me there was "no way" they could do it for any less, so I told them to calcel my policy. Guess what? They offered me the same coverage for the same time period for less than half the rate they had jus...
by Abe
Mon May 22, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 52
Views: 4241

Re: Mexican Pacific Beaches

Re digestive issues in Mexico. It is know as the Mexican two step. Ha ha. Seriously tons of people from Arizona go to Mexico every year and almost no one gets sick anymore. It is very rare and cleanliness has gotten much better. Plus gringos have learned how to eat and drink in Mexico. The issue is...
by Abe
Mon May 22, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 52
Views: 4241

Re: Mexican Pacific Beaches

I hated hated hated Acapulco and vowed to never return. We were constantly harassed any time we weren't inside the hotel. Everyone, from store owners to timeshare hawkers to trinket sellers, was very aggressive trying to interest you in whatever they were offering. They would literally step into yo...
by Abe
Mon May 22, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Mexican Pacific Beaches
Replies: 52
Views: 4241

Re: Mexican Pacific Beaches

I went to Manzanillo one time. Loved it. Best vacation I ever had. But that was a long time ago, back in the 60's.
by Abe
Fri May 19, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: "The long run is only longer than the short run, not safer"
Replies: 37
Views: 3491

Re: "The long run is only longer than the short run, not safer"

Sometimes I go here to get a better perspective on things. Annual Returns on Stock, T.Bonds and T.Bills: 1928 - Current http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html The compounded value of $100 invested in stocks from 1928 until 2016 was $328,645. The compounded value o...
by Abe
Thu May 18, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 10480

Re: Question for you high net worth individuals...

By your definition ($3 million+), I guess I classify as high net worth with over twice that much now. I live in an economically depressed area and it is worse now than when I started out buying single family houses to rent. I would say roughly $1 million of my net worth can be attributed to investin...
by Abe
Thu May 18, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 3444

Re: Should I sell my business?

I'm a business owner. I make nowhere near what you make, but I've worked my butt off to get where I am, and I love the work. Building a business as profitable as yours is an incredible feat: what do you think the odds are that you can do it again? Are you willing to bet $500K a year on it? I agree ...
by Abe
Fri May 12, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Always looking to learn.
Replies: 6
Views: 600

Re: Always looking to learn.

Well, it is hard to diversify in stocks more than VTSAX, but you are not diversified in other asset classes. The big question you need to ask yourself is: What would I do if the market loses 50% of its value, which is possible. I would not want to hold 100% in any one asset class, but that's just me.
by Abe
Fri May 12, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Buying Major Appliances Online
Replies: 20
Views: 1898

Re: Buying Major Appliances Online

I have rental properties, and I buy most appliances online from Sears and they are delivered to a local Sears store free. They are usually cheaper than buying directly from the store. I would not want to buy appliances and have them shipped directly to me because if there is a problem, I would have ...
by Abe
Thu May 11, 2017 4:56 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's ELP's pay him to not understand investment fees
Replies: 24
Views: 2542

Re: Dave Ramsey's ELP's pay him to not understand investment fees

I watched the video the OP posted a link too. In it Dave says you can invest $500 per month (the average car payment) into the stock market and have $5 million in 30 years. That would be a return of over 16.5%. He said you don't want to invest in large cap companies because they are too boring. He s...
by Abe
Sat Apr 29, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market Fund (VMMXX)
Replies: 24
Views: 3665

Re: Vanguard Prime Money Market Fund (VMMXX)

The NAV of VMMXX stays the same at $1.00, so you would not owe any capital gain if you sell it. You only pay tax on the interest you receive, just like a savings account. It doesn't make any difference if you sell it or not. You pay tax on the interest you received for that particular year.
by Abe
Thu Apr 20, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Need Discount Broker Recommendation
Replies: 8
Views: 877

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: 8
Views: 877

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: 4147

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: 2301

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: 5906

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: 2007

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: 2007

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: 9343

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: 9343

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: 5790

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: 826

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: 6891

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

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