Search found 1117 matches

by Abe
Fri Feb 12, 2016 12:14 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 119
Views: 10649

Re: profitable hobby?

Don't want to be too negative, but my experience with sweepstakes contests has been really bad. For several years my elderly mother entered sweepstakes from Readers Digest and Publishers Clearing House. They would send her sweepstakes material in the mail and she would fill it out and return it. She...
by Abe
Sat Feb 06, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 45
Views: 6808

Re: Three devices = redundancy

Watty wrote:I have a flip phone that cost less than $20 and I am on a plan that costs about $7 a month for more minutes than I will ever use.


Who is you plan with for $7 a month? Thanks
by Abe
Sat Feb 06, 2016 2:15 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 72
Views: 8881

Re: The Gravy Train Departed?

"Over time, the aggregate gains made by shareholders must of necessity match the business gains of the company." Warren Buffett I think it's safe to assume that the businesses that represent the stock market as a whole will be profitable in the long term. If you believe that, you should in...
by Abe
Wed Feb 03, 2016 1:48 pm
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 5010

Re: "Money in the stock market isn't real money"

If the definition of real money is cash, then I consider stock as very close to real money for all practical purposes in that I can sell it and have the cash in a short period of time. I would not consider some asset classes as money, or even close to money, such as Real Estate for example. Of cours...
by Abe
Thu Jan 28, 2016 5:11 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9414

Re: What is your favorite Financial Quote or Metaphor??

jimgour wrote:"Investing in the market is like riding a roller coaster. It is going to go up, and it is going to go down. You may even get sick, but you'll only get hurt if you jump off." [By - I don't know]


I like that one. :beer
by Abe
Thu Jan 28, 2016 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I invest?
Replies: 25
Views: 1145

Re: i have most of my investments in the S&P 500

You might want to read up on asset allocation. You could start with the Boglehead Wiki. Then divide your investments among the three main asset classes: equities (stocks), fixed-income (bonds) and cash equivalents. Then you can diversify among them.
by Abe
Thu Jan 28, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9414

Re: What is your favorite Financial Quote or Metaphor??

Deleted: Sorry, posted on wrong thread.
by Abe
Thu Jan 28, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9414

Re: What is your favorite Financial Quote or Metaphor??

What is the difference in a rich man and a poor man?

"A rich man thinks in longer time spans". Jimmy Napier
by Abe
Thu Jan 28, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: Most efficient way to improve my writing ability?
Replies: 56
Views: 2599

Re: Most efficient way to improve my writing ability?

Get these books:

The Classic Guide to Better Writing: Step-by-Step Techniques and Exercises to Write Simply, Clearly and Correctly Paperback – May 24, 1996
by Rudolf Flesch (Author)


Make Your Words Work: Proven Techniques for Effective Writing-For Fiction and Nonfiction
by Gary Provost (Author)
by Abe
Thu Jan 28, 2016 10:23 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9414

Re: What is your favorite Financial Quote or Metaphor??

These are things we don’t know we don’t know. These are the ones that will get you." – Donald Rumsfeld. "There are also things we know but that are not so. These will also get you." - me I heard someone say this one time: "He don't know he don't know nuthin". :happy Edited ...
by Abe
Tue Jan 26, 2016 5:10 pm
Forum: Personal Consumer Issues
Topic: Cutting Cable Cord Only to Strengthen Internet Cord
Replies: 53
Views: 3235

Re: Cutting Cable Cord Only to Strengthen Internet Cord

TV - Television PBS - Public Broadcasting TV station network CNN - Cable News Network Donald Trump - {Opinion Removed} Comcast - A cable TV/Internet company. OTA - Over The Air TV (old fashioned TV, except now in High definition) DVD - Digital Video Disk/Digital Versatile Disk. Round optical disk y...
by Abe
Tue Jan 26, 2016 4:28 pm
Forum: Personal Consumer Issues
Topic: Cutting Cable Cord Only to Strengthen Internet Cord
Replies: 53
Views: 3235

Re: Cutting Cable Cord Only to Strengthen Internet Cord

I have Comcast cable TV. It is what they call Expanded Basic Service and cost $55.11 per month. I get maybe 65 channels, 98% of which I wouldn't watch if you paid me. I don't watch sports. About the only thing I watch is a few PBS shows, a movie now and then and CNN. I think I'll quit watching CNN ...
by Abe
Tue Jan 26, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: Cutting Cable Cord Only to Strengthen Internet Cord
Replies: 53
Views: 3235

Re: Cutting Cable Cord Only to Strengthen Internet Cord

I have Comcast cable TV. It is what they call Expanded Basic Service and cost $55.11 per month. I get maybe 65 channels, 98% of which I wouldn't watch if you paid me. I don't watch sports. About the only thing I watch is a few PBS shows, a movie now and then and CNN. I think I'll quit watching CNN b...
by Abe
Tue Jan 26, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9414

Re: What is your favorite Financial Quote or Metaphor??

"You can work for money or money can work for you".
by Abe
Fri Jan 22, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3830

Re: What would a Boglehead do? (CC Debt Dilemma)

Lets say the car breaks down and it cost $500 to fix it. A lot of people can't break the habit of just putting it on the credit card. This is how they got in trouble to begin with. If they have say $1000 set aside, they could pay for the repair from the emergency fund and not put anymore on the cred...
by Abe
Fri Jan 22, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is this article accurate? I sure hope not...
Replies: 34
Views: 3307

Re: Is this article accurate? I sure hope not...

I was wondering about the savings accounts dropping 30% too. And get this:
Guess what's going to cause this great economic collapse? It's a little known curse. That's right, a curse our Founding Fathers warned us about. PLEASE :oops:
by Abe
Fri Jan 22, 2016 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is this article accurate? I sure hope not...
Replies: 34
Views: 3307

Re: Is this article accurate? I sure hope not...

This is from the second paragraph in the article: "Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.” How are we walking into a trap? My net worth has increased significantly si...
by Abe
Fri Jan 22, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3830

Re: What would a Boglehead do? (CC Debt Dilemma)

I agree the credit card debt is high priority, but I would set aside some, even if only $1,000, for emergencies. After the credit cards are paid off, you can add to the emergency fund.
by Abe
Fri Jan 22, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3830

Re: What would a Boglehead do? (CC Debt Dilemma)

I would set aside part of the bonus as an emergence fund and put it in something like an online savings account. That way you will be drawing a little interest but still be able to get your hands on it if you have to. Next, I would take the balance remaining of your bonus and start paying off the cr...
by Abe
Thu Jan 21, 2016 11:10 am
Forum: Investing - Theory, News & General
Topic: How to face worry?
Replies: 9
Views: 940

Re: How to face worry?

I read this in Dale Carnegie's book, "How to Stop Worrying and Start Living", many years ago. There's no way around it. If we're living, we're going to have problems. This is just a different way of looking at those problems. This perspective was a big help to me then and it still is. I do...
by Abe
Wed Jan 20, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Question about TIPS
Replies: 5
Views: 290

Re: Question about TIPS

Yes, the quote is correct. It is from Why is the yield negative? which is drawn from my post, Re: Please help me understand Vanguard Inflation-Protected Fund . The illustration starts with a $1,000 face value nominal bond with a 2% annual coupon that matures in one year for a total amount of $1,020...
by Abe
Wed Jan 20, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Question about TIPS
Replies: 5
Views: 290

Question about TIPS

I don't know much about TIPS, but I came across this in the WIKI. "Assume the bond costing $1,025 were a TIPS and that the CPI increases 3% during the year. The investor will get $1,051 = ($1,020 X 1.03) a year from now so he will have a positive nominal return". Is this correct? Where did...
by Abe
Tue Jan 12, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Re: Question about my cell phone

All major stores like Best Buy, Walmart and Target sell it. Since you are on a GoPhone plan already, I would try buying directly from AT&T. As of last week, they were selling it for $20 if you also purchased $45 air card. I don't know if they still have that promo running. If you buy from say T...
by Abe
Tue Jan 12, 2016 10:31 am
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Re: Question about my cell phone

A lot of stray advice here suggesting expensive phones and switching providers. If all you want is a physical keyboard phone for your current plan then you could get something like this. https://www.att.com/cellphones/att/Z432-gophone.html#sku=sku7320332 All you need to do is switch the sim card fr...
by Abe
Mon Jan 11, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Re: Question about my cell phone

My wife and I have a Microsoft Lumia 640. I also set my wife's parents up with these phones. Good battery, easy to setup and use. You could (maybe)stick with your Go Phone plan. http://www.ebay.com/itm/AT-T-GoPhone-Microsoft-Lumia-640-4G-LTE-w-8GB-Memory-No-Contract-Cell-Phone-/252199069020?hash=it...
by Abe
Mon Jan 11, 2016 6:02 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Re: Question about my cell phone

My wife and I have a Microsoft Lumia 640. I also set my wife's parents up with these phones. Good battery, easy to setup and use. You could (maybe)stick with your Go Phone plan. http://www.ebay.com/itm/AT-T-GoPhone-Microsoft-Lumia-640-4G-LTE-w-8GB-Memory-No-Contract-Cell-Phone-/252199069020?hash=it...
by Abe
Mon Jan 11, 2016 5:42 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Re: Question about my cell phone

It's 2016 now. Get a smartphone. All the smart kids have done it, including me, age 66... Thank you for your post, but the thing is I have internet access at my home and at my office where I spend most of my time. There is no point in me spending an additional $40 or $50 a month for internet access...
by Abe
Mon Jan 11, 2016 5:00 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1241

Question about my cell phone

I have an AT&T GoPhone. I pay $100 per year and I get 1000 minutes. This has worked fine for me because I only used it for voice calls in the past, but recently I have started text messaging. This is the problem. The phone I have now is an old Motorola Razr phone. It is very hard to send text me...
by Abe
Sun Jan 10, 2016 5:22 pm
Forum: Personal Consumer Issues
Topic: Funeral costs
Replies: 76
Views: 9102

Re: Funeral costs

Go here for tips for saving funeral dollars.

https://www.funerals.org/frequently-ask ... g-funeral-


Go here for information on prepaid funerals.

https://www.funerals.org/frequently-ask ... edpitfalls
by Abe
Sat Jan 09, 2016 2:25 pm
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2450

Re: NY Real Estate vs. The Stock Market

Your parents house has appreciated by 7% vs. 10% for the stock market over this period. If they used leverage to purchase the house, their returns on the house are quite likely exceeding the return on the stock market, and what is more their capital gains will be tax free when they sell. You can ge...
by Abe
Fri Jan 08, 2016 6:49 pm
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2450

Re: NY Real Estate vs. The Stock Market

Are we supposed to ignore property taxes, maintenance, insurance, etc? What about closing costs at the purchase, and any selling costs/fees they would need in order to cash out of their investment? Yes, all of that would make a difference. I didn't try to factor all that in, some of which is unknow...
by Abe
Fri Jan 08, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2450

Re: NY Real Estate vs. The Stock Market

Well, from Aug 1988 to Dec 2015 the S&P 500 returned 10.095% with dividends reinvested according to an online calculator. During the same time period (27.33 years) your parents house appreciated from $180k to 1.2 million for a return of 7.19%, assuming they paid all cash for the house. 7.19% : ...
by Abe
Fri Jan 08, 2016 5:57 pm
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2450

Re: NY Real Estate vs. The Stock Market

Well, from Aug 1988 to Dec 2015 the S&P 500 returned 10.095% with dividends reinvested according to an online calculator. During the same time period (27.33 years) your parents house appreciated from $180k to 1.2 million for a return of 7.19%, assuming they paid all cash for the house. I didn't ...
by Abe
Thu Jan 07, 2016 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Re: Comparison of House investment vs. S&P 500

You're not comparing apples to apples. You're comparing a lump sum investment of $35,000 for the house and the S&P 500 when your actual initial investment was only the down payment of $8000. Plus, you're comparing a 7% return on the monthly investment of the cash flow to a 9.985% return in the ...
by Abe
Thu Jan 07, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Re: Comparison of House investment vs. S&P 500

Hello everyone. OP here. Thanks for posting. Let me add a little more information. This house was one of many I bought for investment through the years, and it was one of the worst performing ones as far as return on investment. After I bought it, the area went down hill and has continued to do so. ...
by Abe
Wed Jan 06, 2016 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Re: Comparison of House investment vs. S&P 500

Mingus wrote:Does the 77K in cash flow include all the maintenance costs deducted associated with that house such as paint, roof, plumbing, etc?


Yes, the cash flow is after all expenses.
by Abe
Wed Jan 06, 2016 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Re: Comparison of House investment vs. S&P 500

Well I'm going to assume you haven't rented in 27 years, so you don't remember how much "trouble" that can be. But no, getting the best return on your investment isn't a valid reason for buying a house. I'm sorry, I didn't say in the original post that this was a rental house I bought for...
by Abe
Wed Jan 06, 2016 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Comparison of House investment vs. S&P 500
Replies: 13
Views: 1459

Comparison of House investment vs. S&P 500

I bought a house 27 years ago as an investment to rent out and paid $35k cash for it. Through the years, my cash flow has been roughly $77k and I should be able to sell it today for around $65k. If I sold it today for $65k plus my cash flow over the years of $77k, I would be ahead $142k. I didn't ca...
by Abe
Wed Jan 06, 2016 12:54 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 119
Views: 10649

Re: profitable hobby?

I have 3 rental houses....which I consider a "hobby." I started buying in November 2014. The 3rd one, I bought for $25K and have put about $12K into rehabbing it. I consider it a hobby because I'm learning handy projects. After rehab and having tenants in all units, I will NET about $15K/...
by Abe
Wed Jan 06, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 119
Views: 10649

Re: profitable hobby?

The wife and I like to "hunt" for gold at yard sales, flea markets etc. Just the other day we stopped along side the road where a lady had some things for sale. There was a box full of costume jewelry. My wife looked through it and found a 14 karat gold bracelet that we bought for $2. We s...
by Abe
Tue Jan 05, 2016 1:53 pm
Forum: Personal Consumer Issues
Topic: profitable hobby?
Replies: 119
Views: 10649

Re: profitable hobby?

MTK wrote:Where can you buy a house for 25k?


I have bought several houses over the years for less than 25k, but I live in an economically depressed area. Depends on where you live.
by Abe
Wed Dec 30, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: Looking at the new $49 Kindles...
Replies: 53
Views: 6308

Re: Looking at the new $49 Kindles...

I bought the Fire Tablet on Amazon just before Christmas for $34.99. I've never owned a tablet before this one, but so far I like it just fine, especially the price. :happy

Fire Tablet, 7" Display, Wi-Fi, 8 GB - Includes Special Offers, Black
by Abe
Sat Dec 26, 2015 8:02 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Purist
Replies: 43
Views: 3422

Re: John Bogle Purist

I am in the same boat as nisiprius and Taylor. Over almost 50 years, I have invested in many things. Real Estate, Mortgages, Individual Stocks, Mutual Funds and more. Some of these investments have appreciated so much that I don't want to sell them because of the capital gain tax I would have to pay...
by Abe
Sat Dec 26, 2015 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can't find volatility model on Coffeehouse site.
Replies: 2
Views: 315

Re: Can't find volatility model on Coffeehouse site.

Thanks FiveK. Yes, that is exactly what I was looking for. Having dyslexia, I comprehend better looking at a working model as opposed to the written word. The "Reversion in Action" is good too. Thanks again.
by Abe
Thu Dec 24, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can't find volatility model on Coffeehouse site.
Replies: 2
Views: 315

Can't find volatility model on Coffeehouse site.

At one time the Coffeehouse site had a model portfolio that moved and demonstrated how diversification smoothes out volatility. Lately I have not been able to find it. Anyone know what happened to it?
by Abe
Sat Dec 19, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Slate: "Prophets of Thrift"
Replies: 25
Views: 2701

Re: Slate: "Prophets of Thrift"

What's a latte'? :)
by Abe
Wed Dec 16, 2015 5:00 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 5957

Re: "Winning the Game"

I don't think anyone is totally bullet-proof. There have been a lot of very wealthy people who lost it all.
by Abe
Tue Dec 15, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 5957

Re: "Winning the Game"

ssw603 wrote:So if someone can live and do what they want just on social security, have they won the game too ?


Hope this is not a trick question, but I would say the answer is yes. If they have enough to cover their living expenses, then they have enough regardless of where it comes from.
by Abe
Tue Dec 15, 2015 6:28 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 5957

Re: "Winning the Game"

I think, "when you have won the game, quit playing," is a good metaphor. It gets the point across better than saying something like, "when you have reached financial independence, take less risk." Of course, a metaphor is not meant to be taken literally. Agree totally, just a qu...
by Abe
Tue Dec 15, 2015 12:11 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 5957

Re: "Winning the Game"

I think, "when you have won the game, quit playing," is a good metaphor. It gets the point across better than saying something like, "when you have reached financial independence, take less risk." Of course, a metaphor is not meant to be taken literally.

Go to advanced search