Search found 1432 matches

by Abe
Fri Dec 02, 2016 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 9759

Re: Feeling like you've "made it"

We save aggressively, have a paid off mortgage, drive paid for cars, don't use credit cards, live below our means, invest in low cost index funds, we have college savings for our 3 kids. The person next to me at work has a big mortgage, zero savings, a leased $70k BMW, no plans to save for their ki...
by Abe
Thu Dec 01, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Math on pre-paying a loan
Replies: 11
Views: 1142

Re: Math on pre-paying a loan

Thanks for the help. I think I figured it out. If I look at an amortization schedule and find out what month I'm on, if I make a prepayment of the following months principal, I essentially skip that scheduled interest and move on to the next payment, correct? If I make 5 principal payments worth, I...
by Abe
Thu Dec 01, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Math on pre-paying a loan
Replies: 11
Views: 1142

Re: Math on pre-paying a loan

I think understand if I prepay a loan at 5% interest, that I save $.05 for every dollar I prepay in interest. What I'm unclear on, is if that adds up for the number of years left on the loan. If there are 5 years left, is my interest savings $.25 for each dollar prepaid that month, or $.05? As othe...
by Abe
Thu Dec 01, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 9759

Re: Feeling like you've "made it"

I just want to feel like we have enough savings and/or human capital to weather any economic storm we might encounter. And I'm wondering if maybe I'll just never get there in my own mind. I think the overwhelming majority of the population never gets there, unless they are in denial. The best most ...
by Abe
Mon Nov 28, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 215
Views: 20624

Re: What is your favorite consumer product?

Don't know if it classifies as a consumer product, but My Texas Instrument BAII Plus Financial Calculator. Use it almost every day.
by Abe
Mon Nov 28, 2016 11:17 am
Forum: Personal Consumer Issues
Topic: Shopping and Time Vs. Money
Replies: 20
Views: 1827

Re: Shopping and Time Vs. Money

squirm wrote:I'd assume as one gets older the value of time goes up.


Yes, it's a supply and demand thing. :happy
by Abe
Mon Nov 28, 2016 11:14 am
Forum: Personal Consumer Issues
Topic: Shopping and Time Vs. Money
Replies: 20
Views: 1827

Re: Shopping and Time Vs. Money

I recently bought a new car. I had planned to use the internet technique by emailing several dealerships and asking for a quote. Before I could do that, I had to go to a dealership and pick out the car I wanted. I was at the fourth dealership when my wife found exactly what she wanted. The manufactu...
by Abe
Sun Nov 27, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 6568

Re: Investing in the 80's when CD rates were 17%?

Yes, I remember when rates were that high. I had CD's back then, but for some reason, I only went out to one year term on them. :oops: Now I would be real happy to get 5%.
by Abe
Fri Nov 25, 2016 11:18 am
Forum: Investing - Theory, News & General
Topic: Approaching the S&P 500 like Benjamin Graham
Replies: 13
Views: 1927

Re: Approaching the S&P 500 like Benjamin Graham

I have started reading Grahams The Intelligent Investor many times. I have never been able to get through it.
by Abe
Tue Nov 22, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: Fountain Pens - Do you use one?
Replies: 76
Views: 3730

Re: Fountain Pens - Do you use one?

Go here to solve leaky pen problem. :happy

https://www.amazon.com/s/ref=nb_sb_noss ... +protector
by Abe
Mon Nov 21, 2016 5:55 pm
Forum: Personal Consumer Issues
Topic: Fountain Pens - Do you use one?
Replies: 76
Views: 3730

Re: Fountain Pens - Do you use one?

If you like a pen that writes a bit like a fountain pen but without the problems of a FP, you might try the Pilot Precise V5 Stick Rolling Ball Pens, Extra Fine Point. I like it in blue ink. $9.13 for a box of 12 pens on Amazon https://www.amazon.com/Pilot-Precise-Stick-Rolling-35335/dp/B00006IEBJ/r...
by Abe
Sun Nov 20, 2016 1:18 pm
Forum: Personal Consumer Issues
Topic: Fountain Pens - Do you use one?
Replies: 76
Views: 3730

Re: Fountain Pens - Do you use one?

I have a box full of old fountain pens I picked up at flea markets and estate sales. I have a few new ones that I use occasionally, a ROTRING 600 SILVER HEXAGONAL and a Sheaffer Targa. I have a couple of the old Parker 51's that I really like to write with. They are a little more trouble, but nothin...
by Abe
Sat Nov 19, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Take SS at 62 or wait ?
Replies: 74
Views: 7581

Re: Take SS at 62 or wait ?

[snip] Therefore, the only advantage of waiting is the gamble that you will outlive the actuarial tables. The actuarial tables predict my death at age 78. Therefore, the total dollars I receive from Social Security will be exactly the same at age 78 regardless of whether I start taking benefits at ...
by Abe
Fri Nov 18, 2016 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS at 62 or wait ?
Replies: 74
Views: 7581

Re: Take SS at 62 or wait ?

When the SSA calculates your benefits, they determine how much you are eligible to receive, and at what age you are predicted to die. They divide the amount you are eligible for by the months between your full retirement date, and your projected death date to determine your monthly payment. If you ...
by Abe
Fri Nov 18, 2016 3:09 pm
Forum: Personal Consumer Issues
Topic: Where to buy a Vanguard hat?
Replies: 44
Views: 4375

Re: Where to buy a Vanguard hat?

Don't know about a Vanguard hat, but I know where you can get a three wolf tee shirt. After reading the customer reviews, I had to have one. It changed my life. :happy https://www.amazon.com/Mountain-Mens-Three-T-Shirt-X-Large/dp/B007I4HIF6/ref=sr_1_1?ie=UTF8&qid=1479499429&sr=8-1&keywor...
by Abe
Fri Nov 18, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8013

Re: Cannot get myself to spend my savings

Although a lot of Bogleheads are not this way, I think Americans generally have a spending mentality as opposed to a saving mentality. There are some who want instant gratification, and the way they get it is buying material things. On the other hand, there are those who get gratification from havin...
by Abe
Wed Nov 16, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8013

Re: Cannot get myself to spend my savings

Rajsx I am in the same boat as you only I'm older. I have saved and invested all my life. It is very hard for me to spend any more than I have to. I have always been that way and don't think I will change. They say do what makes you happy. Spending more money than I have to does not make me happy, s...
by Abe
Sat Nov 12, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

When I was much younger, I remember reading in the newspaper about an elderly man who died. After his death it was found that he was a multi-millionaire. No one knew because he led such a spartan life.
by Abe
Sat Nov 12, 2016 2:09 pm
Forum: Personal Consumer Issues
Topic: Replace AC Coil?
Replies: 18
Views: 1194

Re: Replace AC Coil?

I recently replaced the furnace and A/C in two rent houses I own for a little less than $4k each. This was for 4 ton units all completely new. I would not pay $3,200 just to replace the coil in a 10 year old unit when you can get all new furnace and A/C for a little more. You may have to shop around...
by Abe
Fri Nov 11, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I mean I would rather see a rich person who doesn't act rich than see a rich person who does act rich. Another interesting perspective. But do you think "acting rich" is having nice things or more an attitude of trying to impress with nice things. What about the rich guy who acts down to ...
by Abe
Fri Nov 11, 2016 4:41 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

My grandfather was a country doctor. I remember my mother saying that back during the depression people would pay him with a chicken or something from the garden. Very few people had any money.
by Abe
Fri Nov 11, 2016 4:22 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Just a few comments. I didn't know that an ice cream cone cost $3.00. I know things have gone up, but I used to get one scoop for a nickle or two scoops for a dime at the drug store, and we could read the funny books for free. Another thing I've noticed is that some people consider a car a status sy...
by Abe
Fri Nov 11, 2016 10:35 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

There are people who are frugal and there are people who are spendthrifts and there are people somewhere in between. What makes them the way they are, I don't know. I'm sure it's complicated. I know there are a lot of Bogleheads who make over $100k a year and more. I never made anywhere near $100k, ...
by Abe
Thu Nov 10, 2016 3:40 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25598

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Our car is a 2000 Toyota Camry with 170K miles. There is nothing wrong with it, but my wife has been wanting a new car for some time now. I have been putting it off, but the other day I stopped at a Honda place. The salesman said he had just the car for us. The list price was about $35k, and he said...
by Abe
Wed Nov 09, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I setup a bi-weekly mortgage payment?
Replies: 47
Views: 6928

Re: Should I setup a bi-weekly mortgage payment?

You are essentially making 26 half payments which is the same as making 13 regular payments per year, or you could say one extra payment per year. There are several ways you can do this such as add on a little to each monthly payment or you could make one extra payment per year. I don't think it mak...
by Abe
Wed Nov 09, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Risk of not paying sales tax?
Replies: 36
Views: 3670

Re: Risk of not paying sales tax?

If I am understanding you correctly, you are using the wrong terms when you say she is willing to "pay" the sales taxes. She isn't going to be paying them, she is going to be collecting them. Where I live, the vendor is responsible for paying sales tax. Most of them pass it through, that ...
by Abe
Tue Nov 08, 2016 4:02 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 14214

Re: Retirees: Where are you going for income?

I invested in owner financed mortgages for many years that produced very good income. I wouldn't recommend it for most people though, especially Bogleheads. I consider it to be a niche investment where one needs to know the market and be knowledgeable in the technicality of discounting mortgages. It...
by Abe
Thu Nov 03, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why do people use banks?
Replies: 66
Views: 5390

Re: Why do people use banks?

The main reason I don't use a credit union is because the closest one in 25 miles away. I also don't use big banks except for internet banking, savings accounts, etc. I bank at a small local bank where the same employees have been there for years and they know me and I know them. I won't go into det...
by Abe
Wed Nov 02, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 80
Views: 21097

Re: If I Knew Then What I Know Now

There is an old but true saying: Rich people plan for 3 generations. Poor people plan for Saturday night. Your odds of being successful increase exponentially when you begin with a good plan. This reminds me of something someone said to me a long time ago. He said, "the difference in a rich ma...
by Abe
Wed Nov 02, 2016 10:26 am
Forum: Personal Consumer Issues
Topic: Hunter Fan issues - Advice please
Replies: 15
Views: 1627

Re: Hunter Fan issues - Advice please

I bought a Hunter ceiling fan because I thought they were better quality. Wrong. I didn't install it immediately after buying it. When I did get around to installing it, it did the same thing as yours, started popping, smoking and locked up. I took it back to Lowes, but unfortunately it had been ov...
by Abe
Tue Nov 01, 2016 3:02 pm
Forum: Personal Consumer Issues
Topic: Do new car dealers collect sales tax on a cash purchase
Replies: 15
Views: 1716

Re: Do new car dealers collect sales tax on a cash purchase

I have always paid cash for vehicles, and I have never paid the sales tax to the dealer. I pay the sales tax at the state revenue department.
by Abe
Tue Nov 01, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Hunter Fan issues - Advice please
Replies: 15
Views: 1627

Re: Hunter Fan issues - Advice please

I bought a Hunter ceiling fan because I thought they were better quality. Wrong. I didn't install it immediately after buying it. When I did get around to installing it, it did the same thing as yours, started popping, smoking and locked up. I took it back to Lowes, but unfortunately it had been ove...
by Abe
Tue Nov 01, 2016 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Question about financial calculator
Replies: 7
Views: 829

Re: Question about financial calculator

Thank you morbster and everyone else who posted. I downloaded the Fiamo ABA10 and it's exactly what I was looking for. It works a little different than the TI, but after playing around with it a little, I figured it out. Thanks again. :beer
by Abe
Tue Nov 01, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Question about financial calculator
Replies: 7
Views: 829

Re: Question about financial calculator

morbster. Thank you very much. This looks like what I'm looking for. Do you think it's safe to download from the Fiamo site?
by Abe
Tue Nov 01, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Question about financial calculator
Replies: 7
Views: 829

Re: Question about financial calculator

Why not use Dinkeytown.net? Thank you for your post. What I am looking for is a calculator similar to the calculator that I now have on Windows 7 only I want a financial calculator. The one I have now on Windows 7 is okay but it's not a financial calculator. I can click on start, then type in "...
by Abe
Mon Oct 31, 2016 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Question about financial calculator
Replies: 7
Views: 829

Question about financial calculator

I have been using Texas Instrument BAll plus financial calculators for years. I would like to download a calculator with a similar format to my BAll calculator to my Windows 7 computer. I do have a calculator on my computer now but it's not a financial calculator. When I googled this, I see there ar...
by Abe
Thu Oct 27, 2016 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Hard money loan on as part of a residential real estate deal
Replies: 18
Views: 1158

Re: Hard money loan on as part of a residential real estate deal

I have had some experience doing this kind of thing. When you say the developer will secure a construction loan, I assume the construction loan will be a first mortgage on the property and your loan will be a second mortgage. If this is the case, I absolutely would not do this. If the first mortgag...
by Abe
Wed Oct 26, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hard money loan on as part of a residential real estate deal
Replies: 18
Views: 1158

Re: Hard money loan on as part of a residential real estate deal

I have had some experience doing this kind of thing. When you say the developer will secure a construction loan, I assume the construction loan will be a first mortgage on the property and your loan will be a second mortgage. If this is the case, I absolutely would not do this. If the first mortgage...
by Abe
Wed Oct 26, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Are these "claimed" investment returns realistic
Replies: 28
Views: 1546

Re: Are these "claimed" investment returns realistic

You've got to be sure you are comparing apples to apples. Anyone can beat the S&P 500 if they are invested in the right thing at the right time. I had a mutual fund that was over weighted in the real estate sector. It outperformed the S&P until 2008. After that it under performed. Risk and p...
by Abe
Wed Oct 26, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Dental 'Discount Plans' for uninsured
Replies: 22
Views: 1718

Re: Dental 'Discount Plans' for uninsured

I don't have a dental discount plan, but I asked my dentist for a senior discount and they gave us a 10% discount. Not a lot but it helps.
by Abe
Mon Oct 24, 2016 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Car purchase "ripoffs"
Replies: 17
Views: 2751

Re: Car purchase "ripoffs"

Guess I'll post before this thread is closed. I have a sister-in-law who needed a new car, but she still owed a lot on her current car. The dealer sold her a new one and financed in the balance due on her trade in. I'm sure they sold her the GAP insurance and extended warranty. If I remember correct...
by Abe
Sat Oct 22, 2016 11:34 am
Forum: Investing - Theory, News & General
Topic: Complete this sentence
Replies: 17
Views: 1382

Re: Complete this sentence

...you don't have to work anymore. :happy
by Abe
Sat Oct 22, 2016 11:26 am
Forum: Personal Consumer Issues
Topic: Cheapskate for not flying business class?
Replies: 81
Views: 6069

Re: Cheapskate for not flying business class?

I am in a similar situation to you regarding age and financial status. Personally I don't believe one should spend anymore money than they have too just because they have it. But, this is a personal decision. Everybody is different. When I'm faced with something like this, I ask myself if I would ra...
by Abe
Fri Oct 21, 2016 10:42 am
Forum: Investing - Theory, News & General
Topic: "Jack Bogle wouldn’t risk investing outside the US"
Replies: 101
Views: 7232

Re: "Jack Bogle wouldn’t risk investing outside the US"

I didn't read all the article or all the post here, but I believe I read somewhere that the companies on the S&P 500 generate something like 46% of their profits outside the U.S. If this is true, why would one need additional international exposure.
by Abe
Fri Oct 21, 2016 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Letter from Broker at EJ [Edward Jones]
Replies: 40
Views: 5902

Re: Letter from Broker at EJ

I just went through a similar situation with Wells Fargo Advisors. I just called Vanguard, and had them transfer everything from WF to Vanguard. It was a little bit of trouble, but I think it will be worth it in the long run.
by Abe
Thu Oct 20, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: How do I calculate my basis for a Mutual Fund.
Replies: 12
Views: 881

Re: How do I calculate my basis for a Mutual Fund.

Tortuga wrote:Abe:
Make sure you account for any commissions you paid to the broker, such as a front end load or a transaction fee. They will reduce any gain or increase a loss in the calculation.
Tortuga


Okay thanks Tortuga. I didn't think about that.
by Abe
Thu Oct 20, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: How do I calculate my basis for a Mutual Fund.
Replies: 12
Views: 881

Re: How do I calculate my basis for a Mutual Fund.

Your calculation is correct, assuming you reinvested all dividends and capital gains and never added any money. Your basis will be much more than the amount you invested originally, because of all those dividends and capital gains. Since you have a capital loss, you might look into selling this fun...
by Abe
Wed Oct 19, 2016 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: How do I calculate my basis for a Mutual Fund.
Replies: 12
Views: 881

Re: How do I calculate my basis for a Mutual Fund.

Thanks everyone. I calculated my cost basis using (your initial investment + all your reinvested dividends and capital gains = your total cost basis) and it looks like I have almost a $2k loss which seems weird since I invested $13k originally and after 13 years the value is $29,463. which equates ...
by Abe
Wed Oct 19, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: How do I calculate my basis for a Mutual Fund.
Replies: 12
Views: 881

Re: How do I calculate my basis for a Mutual Fund.

Thanks everyone. I calculated my cost basis using (your initial investment + all your reinvested dividends and capital gains = your total cost basis) and it looks like I have almost a $2k loss which seems weird since I invested $13k originally and after 13 years the value is $29,463. which equates t...

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