Search found 1493 matches

by Abe
Fri Mar 24, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 35
Views: 2423

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: 79
Views: 3193

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: 9423

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: 8769

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: 4451

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: 4203

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: 6803

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: 6803

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: 6803

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: 1106

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: 2009

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: 1050

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: 1050

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: 10731

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: 3343

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: 5738

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: 8273

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: 8273

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: 1570

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: 283
Views: 35226

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: 8095

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: 5303

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: 1263

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: 2100

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: 2552

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: 7504

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: 733

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: 733

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: 4660

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: 4660

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: 4660

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...
by Abe
Wed Jan 11, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rate Calculation
Replies: 22
Views: 1213

Re: Interest Rate Calculation

At the end of 60 months you will have $60,604 and your original investment was $50k, so your return (interest rate) on the $50k for 60 months is 3.85%. I think. :happy Plenty close enough. =RATE(60, 0, 50000, -60603.77 ) * 12 returns 3.853% compounded monthly or =RATE(5, 0, 50000, -60603.77) return...
by Abe
Wed Jan 11, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Rate Calculation
Replies: 22
Views: 1213

Re: Interest Rate Calculation

At the end of 60 months you will have $60,604 and your original investment was $50k, so your return (interest rate) on the $50k for 60 months is 3.85%. I think. :happy
by Abe
Sat Jan 07, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 5798

Re: What monetary value has your education provided you?

I was reluctant to post, but maybe there are others who were not fortunate enough to get a college degree. If so, it's not the end of the world. There are plenty of opportunities out there for you. I was not able to get a degree because of a learning disability. I thought I was a complete failure. T...
by Abe
Thu Jan 05, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Could this kind of mortgage be possible?
Replies: 3
Views: 365

Re: Could this kind of mortgage be possible?

I don't think a mortgage company would make a loan with only 25% of the value of the house as security. They would want to be able to foreclose on the the house 100% in case of default. It would not be in the best interest of the owner to do this. If you defaulted on the loan he could lose his house...
by Abe
Thu Jan 05, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 24852

Re: How much is your cell phone bill?

I have a Go Phone pre-pay plan. I pay $100 per year for 1000 minutes. At this time I have $326 account balance because I don't even use all the 1000 minutes. The last couple of times I renewed they didn't charge me anything to renew for one year because I had a high balance. My only complaint is tha...
by Abe
Wed Jan 04, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: You have 5-10 minutes to teach someone about personal finance
Replies: 54
Views: 4085

Re: You have 5-10 minutes to teach someone about personal finance

I give them the SIC formula: Save, Invest and Compound. :happy
by Abe
Mon Dec 26, 2016 10:39 am
Forum: Personal Consumer Issues
Topic: If you could only choose one [car] to keep...?
Replies: 26
Views: 2051

Re: If you could only choose one [car] to keep...?

Given fastidious maintenance, the Accord will far outlast the Chevy. How about sell both and get a Toyota Corolla or Camry which will serve you faithfully until you are no longer able to drive. +1, or a RAV4 or Highlander depending on your needs. And, I'm not even a loyal Toyota fanboy. I would get...
by Abe
Sun Dec 25, 2016 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I contact my landlady for lease renewal ?
Replies: 18
Views: 2383

Re: Should I contact my landlady for lease renewal ?

I have rental properties. My leases generally run for one year. After that, they automatically go to month to month. I usually just let them go to the month to month unless the tenant wants to renew the lease. If I do renew the lease, I just type up something like this: I (landlord name) and (tenant...
by Abe
Fri Dec 23, 2016 3:52 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9310

Re: Financial Independence is not the Holy Grail

I can live with FI. KlangFool Yes, of course, I totally agree. One of the definitions of secure is: free from risk or loss. I'm just saying that we may feel secure by being financially independent, but we will never be totally secure because we don't know what the future holds. There have been a lo...
by Abe
Fri Dec 23, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9310

Re: Financial Independence is not the Holy Grail

KlangFool wrote: We only have financial security when we achieve financial independence.
KlangFool


I don't know if we ever reach absolute financial security. Achieving financial independence is about as close as we can get.
by Abe
Fri Dec 23, 2016 1:19 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9310

Re: Financial Independence is not the Holy Grail

The fun is in the trip. After you get there, it's kind of boring. :happy
by Abe
Fri Dec 23, 2016 12:25 pm
Forum: Personal Consumer Issues
Topic: If you could only choose one [car] to keep...?
Replies: 26
Views: 2051

Re: If you could only choose one to keep...?

Even though it's a little older, I think I would keep the Honda, mainly because of the lower mileage.
by Abe
Mon Dec 19, 2016 2:00 pm
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 50
Views: 5034

Re: Water Heater Install $1,800!

I have rental properties. I get hot water heaters installed for $100 labor plus cost of heater. You probably can't get it done that cheap, but I would think anything over $250 labor is too much. Ninety nine percent of the time, you will come out better buying the heater yourself and then paying some...
by Abe
Fri Dec 16, 2016 1:38 pm
Forum: Investing - Theory, News & General
Topic: Indexing: When being 'average' is a lot better than average
Replies: 19
Views: 1845

Re: Indexing: When being 'average' is a lot better than average

MI_bogle wrote:Most people are not "scratch golfers". Par refers to the average scratch golfer, not the average golfer.


So a par player is the average expert player, not the average average player. :happy
by Abe
Fri Dec 16, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: Indexing: When being 'average' is a lot better than average
Replies: 19
Views: 1845

Re: Indexing: When being 'average' is a lot better than average

I know absolutely nothing about golf, but when I look up the definition of par, it says: Par: An amount or a level considered to be average So, by definition par is in the mid range. When I think of a football player or a basketball player as being average, I think not too good, not too bad, you kno...
by Abe
Thu Dec 15, 2016 12:08 pm
Forum: Investing - Theory, News & General
Topic: Are bond funds really low-risk?
Replies: 43
Views: 3692

Re: Are bond funds really low-risk?

Are bond funds really low risk? McGilicutty: You have asked a question without a "yes" or "no" answer. It is important to understand that there are many different types of bond funds. Some are very safe (Short-term treasury, high-quality short-term, etc). Some are very volitile ...
by Abe
Wed Dec 14, 2016 6:04 pm
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 9410

Re: McDonald's Stock

Most fast food places do not display their lower priced (lower profit) items. If they do, it will be hard to find. For a while, my local Kentucky Fried Chicken place had 3 pieces of chicken for $2.49, but there was no sign displaying that price. I had to ask for it. On the other hand, it's real easy...
by Abe
Wed Dec 14, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19677

Re: Retirement with $8M in investments

I don't have $14 million, but I understand how the OP feels when he says, "Living in the SF bay area in a house valued at about $4M, and all this does not make us feel wealthy with a net worth over $14M (including a rental house)." This reminds me of an essay by Robert Hastings titled &quo...
by Abe
Tue Dec 13, 2016 10:29 am
Forum: Personal Consumer Issues
Topic: Fountain Pens - Do you use one?
Replies: 104
Views: 6776

Re: Fountain Pens - Do you use one?

MP173 wrote:The railroad pencils are quite expensive on the market, usually $15 - $25 if sold by railroad collectors.
Ed


Good hobby. I also collect old pens and pencils. Anything railroad is good if it's old.

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