Search found 130 matches

by Five Scoop
Wed Mar 23, 2016 10:51 am
Forum: Investing - Theory, News & General
Topic: Misleading article about investing club on CNN Money
Replies: 18
Views: 2004

Misleading article about investing club on CNN Money

"This investing club turned $3k to $500,000" is the title of the article. It mentions that a college investing club turned 3,000 into 500,000 since it started investing in 1946. http://money.cnn.com/2016/03/23/investing/investing-club-lafayette-college/index.html?iid=hp-stack-dom I emailed...
by Five Scoop
Sat Feb 06, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Until Financial Independence?
Replies: 11
Views: 1526

Re: How Long Until Financial Independence?

Hi All, Last year I achieved a goal of paying off my home. This year I've been listening to podcast like Mad Fientist, Mr. Money Mustache. Next goal is I would really like to try to achieve financial independence. Seems many consider that when your net worth is 30 times your yearly spending right? ...
by Five Scoop
Mon Jan 25, 2016 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Did the bears eat my retirement? - Sequence of Returns Risk
Replies: 70
Views: 6201

Re: Did the bears eat my retirement? - Sequence of Returns Risk

Tell us about your "advisor". How much have you paid them over the years? It could be that you didn't do everything right if this advisor got a big piece of your pie. If that turns out to be the case, one of the things you can do is to stop feeding pie to your advisor. The OP already ment...
by Five Scoop
Wed Jan 13, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Water softener water overflow issue
Replies: 16
Views: 1022

Re: Water softener water overflow issue

For these kinds of questions, you really ought to have a professional come and look at your water softener. Our water softener was leaking recently and needed a new O-ring somewhere. Honestly, you can google and find many different reasons for things to leak, but you need someone to come out an insp...
by Five Scoop
Tue Jan 05, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: anyone have any exerience with mold on hardwood floors?
Replies: 6
Views: 342

Re: anyone have any exerience with mold on hardwood floors?

Do you have a picture you can upload? When were the floors last refinished? We had some hardwood issues, more related to a bad buff and coat with the polyurethane peeling, so first question is to make sure this is a mold issue versus some problem with the finish itself. Where in the Northeast do you...
by Five Scoop
Sat Jan 02, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Vacuum for hardwood
Replies: 46
Views: 3072

Re: Vacuum for hardwood

I'll echo the posters that love their Miele. Have a Miele Olympus and bought the Parquet Twister XL Smooth Floor Brush . The brush is really wide and shortens the time needed to vacuum the floors.
by Five Scoop
Thu Dec 31, 2015 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance- Northwestern Mutal
Replies: 42
Views: 2632

Re: Permanent Life Insurance- Northwestern Mutal

livesoft wrote:
Five Scoop wrote:... he is financially irresponsible.

Well, at least we agree on that.


Thanks for taking my comments out of context!
by Five Scoop
Thu Dec 31, 2015 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance- Northwestern Mutal
Replies: 42
Views: 2632

Re: Permanent Life Insurance- Northwestern Mutal

I mean, it's been 25 years and he's still practicing. That ought to tell you something. There are actually some doctors who love what they are doing and can't imagine a life without practicing medicine. It isn't everyone's goal to retire early. Your insinuation is that this physician is still pract...
by Five Scoop
Sun Dec 20, 2015 10:15 am
Forum: Investing - Help with Personal Investments
Topic: New Profit Sharing Plan
Replies: 3
Views: 540

Re: New Profit Sharing Plan

Fidelity has these types of accounts, as recommended by the previous poster. I have an FBO account with Fidelity with our 401k plan.
by Five Scoop
Tue Dec 15, 2015 6:54 am
Forum: Personal Consumer Issues
Topic: Best noise cancelling headphones?
Replies: 47
Views: 3588

Re: Best noise cancelling headphones?

I also have the Bose Quiet Comfort over ear headphones and they are great. They are comfortable and do a good job reducing noise.
by Five Scoop
Sun Dec 13, 2015 10:53 am
Forum: Investing - Theory, News & General
Topic: Permanent Bogleheads Portfolio
Replies: 33
Views: 4275

Re: Permanent Bogleheads Portfolio

EmergDoc wrote:If you try to make a "compromise" portfolio you get the worst of all.


This statement intuitively does not make sense to me. You would get an average of the two portfolios. Could you elaborate on how averaging the two portfolios would be worst of all?
by Five Scoop
Wed Sep 23, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Home is no longer occupied. Should we tell homeowners insurance company?
Replies: 32
Views: 2828

Re: Home is no longer occupied. Should we tell homeowners insurance company?

Yes, you should notify the insurance. Usually, people know the answer to these types of questions when they ask them. There may be different rates for unoccupied properties but not notifying the insurance could be considered insurance fraud.
by Five Scoop
Sun Sep 06, 2015 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Post your current employer retirement plan! (if any)
Replies: 94
Views: 9142

Re: Post your current employer retirement plan! (if any)

It would be interesting and helpful to the community to see how your plan compares to others. This should be interesting! To the OP: When you make a post like this, I really think you ought to volunteer such information first. I have a self directed plan at work and can invest in any Fidelity fund....
by Five Scoop
Sat Sep 05, 2015 9:12 pm
Forum: Personal Consumer Issues
Topic: Kindle: Is It Worth Replacing?
Replies: 13
Views: 1765

Re: Kindle: Is It Worth Replacing?

I agree with those that say to get a new Kindle. The Paperwhite versions are great for reading. The Kindle app is nice for use on an iPad if there are a lot of pictures in a book (some of my medical reference books have lots of color pictures). But, reading an actual book seems to be more enjoyable ...
by Five Scoop
Wed Aug 05, 2015 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mimic Yale endowment fund?
Replies: 8
Views: 1364

Re: Mimic Yale endowment fund?

Swensen changed the percentages for REIT to 15% and emerging markets to 10%. This was in an article published in Yale Alumni Magazine in 2009.

See the sidebar in the article below.

http://yalealumnimagazine.com/articles/ ... ng-soundly
by Five Scoop
Thu Jul 30, 2015 12:13 pm
Forum: Investing - Theory, News & General
Topic: Everybody is sick of gold - Is now the time to buy??
Replies: 37
Views: 4932

Re: Everybody is sick of gold - Is now the time to buy??

My prediction then was $600. I stick with that. How is your track record with predictions? The only thing predictable about predictions is that the outcome is unpredictable. This quote about predictions is attributed to you (link provided) : "Guru predictions are not investment advice — they a...
by Five Scoop
Wed Jul 29, 2015 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 3269

Re: Hefty Medical Bill

The OP should read this - it mentions that just because a hospital has a religous affiliation that it may not necessarily be exempt from offering COBRA.


https://www.infinisource.com/media/9157 ... 0Exception).pdf
by Five Scoop
Wed Jul 29, 2015 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Hefty Medical Bill
Replies: 38
Views: 3269

Re: Hefty Medical Bill

This is from the Department of Labor website: http://www.dol.gov/ebsa/faqs/faq-consumer-cobra.html "If you need further information on your rights under a private-sector plan, or about ERISA generally, contact the Employee Benefits Security Administration (EBSA) electronically at askebsa.dol.go...
by Five Scoop
Tue Jul 28, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 7090

Re: Keep paying the mortgage??

Did the OP have a realtor (buyer's agent)? If so, I would think they would liable to make sure an inspection was done.
by Five Scoop
Thu Jul 23, 2015 11:28 am
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 44
Views: 3076

Re: Is there a service that will email you with each credit card purchase?

. Odd things can happen with these alerts. A friend ate at a restaurant and was paying the bill and got an alert for quite a different [larger] amount. He started having a "discussion" with the waiter about the discrepancy for what he signed for and the alert. It turned out that a family m...
by Five Scoop
Thu Jul 23, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals?
Replies: 41
Views: 4658

Re: What are your financial goals?

33x annual expenses allow you to withdrawal 3% per year and meet your annual expenses - this is thought to be a safe withdrawal rate.
by Five Scoop
Thu Jul 23, 2015 11:13 am
Forum: Personal Consumer Issues
Topic: Is there a service that will email you with each credit card purchase?
Replies: 44
Views: 3076

Re: Is there a service that will email you with each credit card purchase?

My Chase Freedom and Amex cards both send me text messages when any purchase is made. Could set up for email alerts also. You should have the option for these types of alerts if you sign in to your account online.
by Five Scoop
Mon Jul 13, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Larry Portfolio Shortfall
Replies: 37
Views: 3137

Re: Larry Portfolio Shortfall

I'm not trying to by coy, so those interested may want to look into an advisor such as Rick Ferri, as I recall, he charges about 1/4% of AUM. Rick Ferri's firm actually charges 0.37% up to 3 million dollars, then 0.2% for assets greater than 3 million dollars. A link below mentions this. http://por...
by Five Scoop
Mon Jun 29, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: Is there a good basic investing book for an 11 year old girl?
Replies: 13
Views: 1068

Re: Is there a good basic investing book for an 11 year old girl?

This post is not meant to be snarky or critical. But, only on Bogleheads could we have a question about having an 11 year old read books about investing. I have a hard time believing that an 11 year old could grasp concepts about money and investing to the extent that it would be appropriate to endo...
by Five Scoop
Sun Jun 28, 2015 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Any brokerage that offers commission free Vanguard mutual funds?
Replies: 21
Views: 2844

Re: Any brokerage that offers commission free Vanguard mutual funds?

My one real question is how quickly ACH transfers from a checking account are handled. At TD Ameritrade, they show up the evening of the transfer, and are fully investable in IRAs the next day. In our brokerage account---margin is enabled, but never truly used---I can buy something and then transfe...
by Five Scoop
Wed Jun 10, 2015 9:47 pm
Forum: Personal Consumer Issues
Topic: iPhone 6 or 6 plus for light business travel?
Replies: 27
Views: 3187

Re: iPhone 6 or 6 plus for light business travel?

6 plus is great. Seems big at 1st but really helpful to have the extra space on the screen. You get used to the size quickly.
by Five Scoop
Sat Jun 06, 2015 7:36 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1078
Views: 125414

Re: QSPIX - thoughts on interesting fund

Well, the fund does get a lot of attention on the forum. The danger here is that a prominent poster such as Larry Swedroe wrote a piece about this fund a while ago. That, unfortunately, gives it credibility. Then there are threads about articles written by Asness to support the AQR funds and their i...
by Five Scoop
Wed Jun 03, 2015 9:27 pm
Forum: Investing - Theory, News & General
Topic: Small business 401(k) - Can Employee Fiduciary & other providers help with plan design?
Replies: 9
Views: 1158

Re: Small business 401(k) - Can Employee Fiduciary & other providers help with plan design?

Our business was with employee fiduciary. They did draw up a plan document but they weren't really able to maximize the owner contributions to the retirement plan. Went with a third party administrator that was able to allow the owners to maximize contributions each year. Enployee Fiduciary did basi...
by Five Scoop
Thu May 28, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Bond portfolio YTM> 3%
Replies: 24
Views: 1721

Re: Bond portfolio YTM> 3%

Why does your bond yield need to be a certain amount? If it is income to live off of, why not look at purchasing an SPIA for some guaranteed income?
by Five Scoop
Sat May 16, 2015 2:48 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1531
Views: 333799

Re: What Book Are You Currently Reading? Part VI

The Storm of War by Andrew Roberts. An excellent book covering World War II.
by Five Scoop
Thu May 14, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Make my iPhone switch from WiFi to mobile data when WiFi signal is low
Replies: 10
Views: 1149

Re: Make my iPhone switch from WiFi to mobile data when WiFi signal is low

[quote="wolingfeng" Keep in mind wifi extender will deliver weakened wifi speed, probably 50% of what your original speed delivers. [/quote] I have a wi-fi extender and get the same download speed that I get through my LAN line. So, I don't think it's a given that you will get significantl...
by Five Scoop
Sat Apr 25, 2015 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to enlarge an old photo
Replies: 7
Views: 1004

Re: Best way to enlarge an old photo

If you scan the photo you shoulds scan it at whatever your scanner's highest resolution setting would be. Usually the choices are listed in dots per inch (dpi). Theb save it as a JPEG file but pick the best quality (least compression). You can then open the file on your computer and enlarge it to ge...
by Five Scoop
Sat Mar 21, 2015 8:22 pm
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 9200

Re: The one area I disagree with Jack

I like this article and explanation by Merriman. He disagrees with Bogle.

http://paulmerriman.com/social-security-asset/
by Five Scoop
Sun Mar 15, 2015 11:37 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1559
Views: 315713

Re: What Movie Have You Recently Watched?

Last night I watched one of the worst movies I have ever seen. Last Will, from 2011. It was streamed from Hulu. Despite a "star-studded" cast, it had a terrible script, plot, and acting.

http://m.imdb.com/title/tt1312222/
by Five Scoop
Thu Mar 12, 2015 8:44 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1531
Views: 333799

Re: What Book Are You Currently Reading? Part VI

Finished reading The Giant Jam Sandwhich, by John Vernon Lord. It's a children's book with colorful illustrations and verses that rhyme, but being able to read one of my childhood favorites to my daughter was so much fun!
by Five Scoop
Wed Mar 11, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 21006

Re: What are some common misconceptions found in this forum?

Rebalancing doesn't help your performance. Livesoft knows what he's talking about. That rebalancing increases investment return - (I am not aware of any studies that show that rebalancing increases expected returns - I would welcome participants to cite studies that show any consistent rebalancing ...
by Five Scoop
Mon Mar 09, 2015 9:50 am
Forum: Investing - Help with Personal Investments
Topic: 2 Million Dollar Settlement, what to do with it?
Replies: 31
Views: 4761

Re: 2 Million Dollar Settlement, what to do with it?

Be careful if you end up sticking the money in banks. If large deposits near the FDIC maximum are made, it is almost guaranteed that someone in the bank will try to advise your friend that they can manage his investments. And, investment management by a bank is sure to have high costs. So, if one we...
by Five Scoop
Sat Feb 14, 2015 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Vision and Dental Insurance Question
Replies: 28
Views: 2115

Re: Vision and Dental Insurance Question

I wouldn't worry about separate vision insurance plans. If you have medical insurance, you are able to see an ophthalmologist for any medical conditions affecting your vision. Thus, medical checkups for your eyes are covered under medical insurance if you see an ophthalmologist.
by Five Scoop
Sat Feb 14, 2015 10:48 am
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 165
Views: 24100

Re: Dual Momentum Investing

If one has enough backtesting data to support an investing scheme, they can publish a book. The problem is that you and the author have no idea if investing according to that scheme is going to work in the future. Neither you or the author will know, possibly for decades, if the strategy works going...
by Five Scoop
Wed Feb 11, 2015 7:25 am
Forum: Investing - Help with Personal Investments
Topic: What if my MAGI exceeds limit for Roth IRA
Replies: 39
Views: 2832

Re: What if my MAGI exceeds limit for Roth IRA

You can recharacterize the Roth IRA to a nondeductible IRA. You can then do a backdoor Roth in 2016. I tried to post this before, so I apologize if this ends up as a duplicate post. https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/ira-recharacterization-request.pdf "Reconversi...
by Five Scoop
Mon Feb 09, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Challenging my 401k plan]! How should I respond?
Replies: 29
Views: 2840

Re: [Challenging my 401k plan]! How should I respond?

Why not just use the Schwab self directed brokerage account? You could probably get Schwab ETFs that follow an index.
by Five Scoop
Sun Feb 01, 2015 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest for 73 year old mom?
Replies: 22
Views: 3225

Re: ETF vs. Mutual Funds - Where to put $100K

Makaveli1988 wrote:
Also, if you plan to invest the first 100k via lump sum and then $8.5k/month as you mentioned on the edit'ed post - you're looking at ~35 years to invest the remaining 300k. That doesn't make sense now does it?


Would be 35 months, not 35 years.
by Five Scoop
Sun Feb 01, 2015 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Loan Terms -- Helping a friend going through Divorce?
Replies: 39
Views: 4120

Re: Loan Terms -- Helping a friend going through Divorce?

If this is a friend you want to help out then just be up front about the expectation of having the money paid back. I think you should ask your friend what kind of timeframe they will pay back the loan. If they tell you it will be five years then I think you could rightly say that interest would nee...
by Five Scoop
Sat Jan 31, 2015 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Take the job?
Replies: 68
Views: 3043

Re: Take the job?

You mentioned in a previous thread that you were going to be borrowing $160,000 to start a business. Elena78 wrote: "I am considering starting a business. I currently work for a small business that has been very successful but the success is requiring excessive travel (some of it international)...
by Five Scoop
Sat Jan 31, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Are we allowed to lump tax withholdings at year end?
Replies: 6
Views: 643

Re: Are we allowed to lump tax withholdings at year end?

There is a section on the IRS website that says under withholding can result in penalties (I imagine this is meant to discourage people from waiting until the last few months of the year to withhold their taxes). I don't know whether or not the IRS actually assess such penalties. "Penalties You...
by Five Scoop
Wed Jan 28, 2015 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Lazy portfolio and mutual fund vs etf-long term investing
Replies: 10
Views: 1276

Re: Lazy portfolio and mutual fund vs etf-long term investin

Lazy Portfolios are nice if you understand the rationale behind the portfolio. They are largely meant to be set and forget with the exception of occasional rebalancing. The danger in looking at the Marketwatch portfolios is that you don't get a sense of the reasoning behind the asset allocations in ...
by Five Scoop
Sat Jan 24, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2624

Re: Foreclosed-Law Firm pursuing amount of second lo

Seems silly to declare bankruptcy over $25K+ interest. I think there a perception that Bogleheads are typically 1-percenters, with massive savings and good salaries. Statements like this don't do anything to dissuade that perception. If the OP is unemployed and owes debts which he cannot afford, th...
by Five Scoop
Sun Jan 18, 2015 4:34 pm
Forum: Personal Consumer Issues
Topic: Honda Civic vs Fit Safety Question
Replies: 55
Views: 4615

Re: Honda Civic vs Fit Safety Question

I'd make sure you consider that if you put a modern baby seat in the passenger-side rear seat of a Fit, that your adult passenger better not be more than 5' 6" or so. There's a video on Youtube of this and a typical male is going to have his knees in the glove compartment & forehead very c...
by Five Scoop
Sun Jan 18, 2015 2:10 pm
Forum: Investing - Theory, News & General
Topic: Malkiel's recommendations, 1990 to 2015
Replies: 45
Views: 5925

Re: Malkiel's recommendations, 1990 to 2015

Found this in an interview with Malkiel in 2013 where he comments on changing allocation recommendations in his updated editions, granted for a different age group. "CNBC: In the recent editions of "Random Walk," you suggested the following portfolio for an investor in his or her 50s—...
by Five Scoop
Sun Jan 18, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for baby and one income
Replies: 41
Views: 2897

Re: Preparing for baby and one income

Missed a prior post with same information, so deleted.

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