Search found 1484 matches

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: 1051

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: 1906

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: 1000

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: 1000

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: 10255

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: 3208

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: 5602

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: 8066

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: 8066

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: 1528

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: 257
Views: 31310

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: 7959

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: 5165

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: 1199

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: 2067

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: 2455

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: 7279

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: 728

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: 728

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: 4513

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: 4513

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: 4513

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: 1187

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: 1187

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: 5624

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: 361

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: 258
Views: 22823

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: 4033

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: 2014

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: 2356

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: 9139

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: 9139

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: 9139

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: 2014

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: 4956

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: 1831

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: 1831

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: 3570

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: 9172

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: 19388

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: 6558

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.
by Abe
Sun Dec 11, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: buying land without realtor- advice
Replies: 25
Views: 2343

Re: buying land without realtor- advice

Where I live, at one time, you had a choice between an attorneys opinion or title insurance. Most everybody now just goes with title insurance. I would rather have title insurance. The title company will do a title search anyway before issuing the title policy, and the title insurance is good for as...
by Abe
Sun Dec 11, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: buying land without realtor- advice
Replies: 25
Views: 2343

Re: buying land without realtor- advice

I'm not a lawyer, but I'll try to answer your questions. The owner guarantees a clear title to the buyer of the property with a warranty deed. Title insurance offers financial protection against title problems that might not be found in the public records, are inadvertently missed in the title searc...
by Abe
Sat Dec 10, 2016 8:40 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 53
Views: 3254

Re: Frying pan recommendations

If you like cast iron and want something smooth, get a carbon steel frying pan. It works the same way as cast iron. In fact, it's pretty much the same material, just not cast. You have to season it and you can't put it in the dishwasher. They cook great. Check the reviews on Amazon. You sold me. I ...
by Abe
Sat Dec 10, 2016 3:16 pm
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 9172

Re: McDonald's Stock

I really hated to see McDonalds discontinue the Big N’ Tasty burger for a dollar. It was pretty good. I saw a sign in front of a local McDonalds saying "McRib is back". I thought if they brought it back, it must be good so I ordered one. I took one bite and it was awful. I offered it to th...
by Abe
Thu Dec 08, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 53
Views: 3254

Re: Frying pan recommendations

We love cast iron, but we don't use it all the time because my wife does most of the cooking and it's a little heavy for her. You can get new Lodge brand cast iron cookware at Walmart, but I prefer the old cast iron. You can find the old CI at flea markets, yard sales or thrift stores. https://www.y...
by Abe
Thu Dec 08, 2016 10:54 am
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 9172

Re: McDonald's Stock

Investing in McDonalds as well as other stocks is pure speculation, Been there, done that. I believe in the concept of indexing, With TSM I already own some shares of McDonalds. Before there were Bogleheads or the internet for that matter, I invested in individual stocks, mostly blue chip companies...
by Abe
Thu Dec 08, 2016 10:19 am
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 9172

Re: McDonald's Stock

No, I am not a stockholder, but I go there occasionally for their sausage and biscuit and senior coffee for less than $2. Very good. :beer
by Abe
Tue Dec 06, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19388

Re: Retirement with $8M in investments

What works for me is to think not in terms of "wealthy" but in terms of "financial independence". It's easier to measure. Edited to add: Really, what is the benefit of feeling wealthy other than to sit around and gloat about it. And if you portray yourself as being wealthy to oth...
by Abe
Tue Dec 06, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19388

Re: Retirement with $8M in investments

Also, at what net worth do people feel wealthy? This is a subjective question, but in Silicon Valley its just crazy with the wealth some people have generated. The last sentence in the OP's post says a lot. As long as you compare yourself to others, you will never have enough. The keeping up with t...

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