Search found 3212 matches

by Ged
Tue Oct 17, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why not switch from Medigap F to G now?
Replies: 4
Views: 247

Re: Why not switch from Medigap F to G now?

I have read of the changes coming to Medigap F. It seems the possible loss of younger Medicare beneficiaries enrolling in these plans has raised concerns that rates could rise as the pool of existing policy holders becomes older, sicker and more expensive to insure. It depends on how the insurance ...
by Ged
Tue Oct 17, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 21
Views: 1264

Re: Best way to make some dollars on a 10 day vacation?

barnaclebob wrote:
Tue Oct 17, 2017 11:15 am
sign up for medical or psych experiments?
I hear Professor Venkman at Columbia is always looking for subjects.
by Ged
Mon Oct 16, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Storing Lawn Tractor over the Winter
Replies: 35
Views: 1498

Re: Storing Lawn Tractor over the Winter

I put stabilizer in all the fuel that I use in my small engines. The problems ethanol causes are not a winter only thing. For storage of my lawn tractor over winter I charge the battery and make sure the air pressure in the tires is good. I installed a shutoff valve in my gas line which I close and ...
by Ged
Sat Oct 14, 2017 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1004

Re: First time investing - Invest now or wait?

You are 31 years old. You are investing for 30+ years. That is not much different than when I started investing at age 28, in 1978. The S&P index at the time was 100 plus or minus. The TWENTY FOLD increase over the time I held those investments dwarfs by far any short term market fluctuations that I...
by Ged
Wed Oct 11, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11611

Re: 100% in bond to wait for market crash?

hi Ged, thanks for the advise. Do you mind to tell us what made you sold out in 2007? that sounds like a very smart move. was it due to the housing market weakening? In early 2007 when I sold the the housing market was not bad but had started going soft. The problem was that loans had started going...
by Ged
Tue Oct 10, 2017 1:14 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11611

Re: 100% in bond to wait for market crash?

The problem with the market timing approach is that you have to be right TWICE. So you sell out now and two years from now the market, after going up 7% per year has a typical recession drop of 25%. Do you buy back in then or wait for another 25% drop? What if it then bounces up 10% after the 25% dr...
by Ged
Mon Oct 09, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 23
Views: 2857

Re: Why is inflation so low? Moore's law?

Moore's law is dead. https://www.technologyreview.com/s/601441/moores-law-is-dead-now-what/ The long term role of capital investments and advancing technologies increasing productivity is the main factor. Automation technologies are a having a big impact here. AI developments will fuel this area for...
by Ged
Mon Oct 09, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6452

Richard Thaler, Nobel Prize for work in behavioral economics

Glad to see Richard Thaler winning this year's Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The field of behavioral economics is extremely important to individual investors. For me becoming aware of these ideas had a huge positive effect in my personal approach towards man...
by Ged
Sat Oct 07, 2017 5:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep my Stocks?
Replies: 42
Views: 3600

Re: Should I keep my Stocks?

Sell them. Do it over time if you have a lot of cap gains to minimize taxation.
by Ged
Fri Oct 06, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paper checks, how safe are they?
Replies: 31
Views: 1853

Re: Paper checks, how safe are they?

Yankuba wrote:
Fri Oct 06, 2017 1:01 pm
I never used my debit card (other than the ATM) either. Not sure why anyone would use one over a credit card.
The main logic I've heard is that some people have a severe allergy to debt of any kind.
by Ged
Thu Oct 05, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1062

Re: Reasonable hourly rate for a cfp?

That said, if you hold enough assets at Fidelity, you can utilize the services of a "financial consultant" (not advisor) for a couple hours a year at my price point. That's ok if you ignore the sales pitch to invest all of your money in their high fee accounts. I'm over five years into this and I'v...
by Ged
Wed Oct 04, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable hourly rate for a cfp?
Replies: 14
Views: 1062

Re: Reasonable hourly rate for a cfp?

FIREchief wrote:
Wed Oct 04, 2017 6:44 pm
That said, if you hold enough assets at Fidelity, you can utilize the services of a "financial consultant" (not advisor) for a couple hours a year at my price point.
That's ok if you ignore the sales pitch to invest all of your money in their high fee accounts.
by Ged
Wed Oct 04, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4945

Re: 2M savings investment help

Sounds like you have over complicated things. No need for capitalization sectors and all that. Just a total market fund. For bonds just a total market fund. International total market about 20% of the US allocation. Classic 3 fund per this: https://www.bogleheads.org/blog/the-three-fund-portfolio/ I...
by Ged
Tue Oct 03, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5277

Re: Would you take a pay cut to work from home?

I think the big downside to working at home is the issue of establishing a network. If I was established in a workplace and had a good network then I'd do it. If I was early career, taking a new job I'd think twice. Having a good network is crucial. Over the course of my career there was only one in...
by Ged
Mon Oct 02, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6011

Re: Are credit cards rewards worth it?

I charge everything on my credit card for the 2% cash back (citi double cash). I also like seeing how much I spent each month. I PAY MY BALANCE IN FULL EVERY MONTH. But I hate seeing that I owe. Id rather use my debt card. Is the 2% cash back worth it. Do you use debt or credit and if credit what r...
by Ged
Mon Oct 02, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9683

Re: Current Bull Market could last years

Sounds like the first pebble of irrational exuberance dropping.

It may last for years, but it will end.
by Ged
Fri Sep 29, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: Luggage locks
Replies: 15
Views: 1053

Re: Luggage locks

I've tried using TSA approved locks on my luggage twice. Both times the TSA cut the locks off anyway. I got the message - they can't be bothered and I was wasting my money.
by Ged
Fri Sep 29, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Email address compromised - HELP!!!
Replies: 28
Views: 2413

Re: Email address compromised - HELP!!!

Since you have your own domain I'd say it is likely that spammers just got your domain name from public records and are flooding the domain with any and every sort of nonsense they can concoct. I have a couple of personal domains myself and observe the same volumes of mail you are observing. Changin...
by Ged
Wed Sep 27, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6347

Re: I'm shocked!

AAA...Exactly, she had a very rough time during the Great Depression. I can't thank everyone enough! I didn't mention my dad because he has dementia (89 yo). Mom and I redid her will last year, everything goes to my brother and I, 50/50. Our names are on all accts. I think it's great that you are b...
by Ged
Tue Sep 26, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: High end cruising suggestions.
Replies: 26
Views: 2756

Re: High end cruising suggestions.

I've been on both Viking river and ocean cruises. It's clear the demographic they are shooting for is the 50+ folks who are interested in extensive shore itineraries and sightseeing. On-board entertainment isn't their focus. I certainly would not say that 75-80 year olds made up the bulk of the clie...
by Ged
Tue Sep 26, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: What to do With Cash After Sale of House
Replies: 10
Views: 1273

Re: What to do With Cash After Sale of House

Efforts to outperform the S&P 500 are most likely to succeed if they are based on techniques like adding to the portfolio or overweighting in segments like small cap value, international and REITS. There has been a lot of discussion of this so-called factor based investing approach here. Market timi...
by Ged
Mon Sep 25, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Good Modern Science Fiction
Replies: 255
Views: 30892

Re: Good Modern Science Fiction

Left Hand of Darkness Ursula LeGuin Snowcrash Neal Stephenson Neuromancer William Gibson Ringworld Larry Niven The Forever War Joe Haldeman Startide Rising David Brin Edit: added authors I thought OP said modern. Some of these are 40 years old. Any modern stuff, like the last 5 years? The OP didn't...
by Ged
Sun Sep 24, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 10233

Re: Retirees, what is your marginal tax rate?

67, retired at 63. Wife is 72. 25% Federal, last year 0% State. Converting to ROTH to top of 15% bracket and a little bit more just to be sure to capture all of it and delaying my SS. Spouse is obviously taking hers. Biggest tax burden is real estate. Once I hit 70 and start taking SS I'm not sure w...
by Ged
Sun Sep 24, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6133

Re: Spouse Money Management

This is why it's important to save via an automatic payroll deduction system. Once you do that the remainder is available for spending by both of you and you can divide it according to some agreement, ideally a budget. The other observation is that any attitude on your part to classify your spouse a...
by Ged
Fri Sep 22, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3649

Re: Luxury Car Purchase

It depends on how much of your net worth is in your primary residence and what the tax impact is going to be on pulling $120K out of your investments. If your primary residence is more than $1 million I'd say $120,000 for a car is probably too much. And yes watch out for your financial adviser. He i...
by Ged
Mon Sep 18, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 2011

Re: annualcreditreport.com possible vulnerability (apache struts framework)

Thumbprints on loan applications would help eliminate credit fraud, but if the prints are encrypted and stored at the credit bureaus the bad guys will eventually figure it out. Plan on giving a DNA sample in another 10 or 20 years. Dale We can do a lot better than that. For example if we were using...
by Ged
Sun Sep 17, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 132
Views: 9683

Re: Account security - Hackers gain access to mobile and then break havoc

Hmm. I run my own domain and have a private email server in my home. So in order for the hacker to gain control of my email accounts he would have to gain control of my account at the domain registrar or root my Linux server. I'll have to investigate how to maximize security on my registrar account....
by Ged
Sun Sep 17, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice for young parents in Massachusetts
Replies: 33
Views: 2675

Re: Estate planning advice for young parents in Massachusetts

bsteiner wrote:
Thu Sep 14, 2017 11:56 am
However, Massachusetts enacted the Uniform Probate Code about 5 years ago, which greatly simplified the probate process
\I served as executor of my father's estate in Massachusetts in 2009. :oops:
by Ged
Sun Sep 17, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"
Replies: 33
Views: 4973

Re: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"

Zero Hedge has accurately predicted 200 of the last 2 crashes.

Citation: https://rationalwiki.org/wiki/Zero_Hedge
by Ged
Sun Sep 17, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: annualcreditreport.com possible vulnerability (apache struts framework)
Replies: 21
Views: 2011

Re: annualcreditreport.com possible vulnerability (apache struts framework)

For reference the actual bug was Apache Struts CVE-2017-5638. It's horrific. It allows remote execution of arbitrary code. That's only the tip of the iceberg though. There has to have been a multitude of bad decisions that allowed the exposure of this information to the web application in the first ...
by Ged
Sat Sep 16, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3734

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

I went from 60/40 to 40/60 the day I decided to retire about 3 years earlier than originally planned due to changes at my employer that left me reporting directly to the company owner. Otherwise my rebalancing has been infrequent and minor because I've been using contributions or expenditures to bal...
by Ged
Sat Sep 16, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Shiller PE over 30
Replies: 17
Views: 1450

Re: Shiller PE over 30

Perhaps one of the best pieces of advice I've run across is from Ed Thorpe, who said this: “Sell down to the sleeping point. As far as asset classes go, it is hard to know when you are in a bubble, and if you are in one, when it will pop.” I think we are in a bubble especially when you consider the...
by Ged
Fri Sep 15, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Large portable generator vs. permanent natural gas generator for home
Replies: 67
Views: 4153

Re: Large portable generator vs. permanent natural gas generator for home

5 years ago lots of people around my parts spent upwards of 10K for a whole house generator due to Sandy. Others spent close to a few grand on portables. Lets just say that they havent gotten their moneys worth as they havent had to use them even once . For me it wasnt worth it now, then or in the ...
by Ged
Wed Sep 13, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Someone set up PayPal account using my email...
Replies: 35
Views: 2697

Re: Someone set up PayPal account using my email...

You might want to try bouncing the email back to PayPal. They might detect non-delivery and alert the account owner when they log in.

https://www.raymond.cc/blog/bounce-emai ... fications/
by Ged
Sun Sep 10, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: REIT vs Bonds as a hedge against Stocks
Replies: 11
Views: 1296

Re: REIT vs Bonds as a hedge against Stocks

REITs are more volatile than stocks, plus they are highly correlated. Exactly NOT what you want as an alternative to bonds. https://vanguardretailblog.files.wordpress.com/2013/01/reits-chart-11.jpg?w=520&h=369 I think an interesting strategy is to increase your allocation to REITs when in a recessio...
by Ged
Sat Sep 09, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6441

Re: Luxury car: perception vs reality

I have a >$2M net worth counting everything and just before retiring household income of about $150K. ONCE I bought a car for about $40K. All the other cars were $25K and less. It isn't a matter of whether or not I like nice cars or not. I do. It's just that I'd rather retire earlier than have a sli...
by Ged
Tue Sep 05, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage missing $ again
Replies: 19
Views: 3062

Re: Vanguard Brokerage missing $ again

I've always been happy with keeping my Vanguard ETFs at Fidelity.

Between my father and myself we've had accounts at Fidelity for 50 years. No problems of this sort.
by Ged
Sun Sep 03, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Best Fund for Parents Expenses
Replies: 10
Views: 975

Re: Best Fund for Parents Expenses

How many years of expenses are in these funds? Of course at this age a 60% allocation to equities is a bit high. Drawing from these funds will reduce that allocation. But if there are plenty of other assets it doesn't matter. The advantage of not drawing from the equity funds is the gross up that oc...
by Ged
Fri Sep 01, 2017 10:08 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16941

Re: [Are the Bogleheads] getting less interesting?

I am posting this to see if others feel that way, and if so, what could be done....? I don't think it's less interesting, rather that you've extracted the information you need and integrated it into your life. After that the need to spend a lot of time on this site decreases. The impact of having s...
by Ged
Fri Sep 01, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Discover card inquiry about income and liquid assets
Replies: 50
Views: 3716

Re: Discover card inquiry about income and liquid assets

I'm retired with delayed SS so my actual income is low at the moment. So I list what I'm spending instead.
by Ged
Fri Sep 01, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Help me fix my company's 401k plan
Replies: 12
Views: 836

Re: Help me fix my company's 401k plan

About a month ago my company added the following funds to the offerings: VTSAX - Vanguard Total Stock Market Index Fund Admiral Shares VTMGX - Vanguard Developed Markets Index Fund Admiral Shares VBILX - Vanguard Intermediate-Term Bond Index Fund Admiral Shares Not exactly what I asked for, but it ...
by Ged
Thu Aug 31, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Evaluating risk of flooding in the "new normal"
Replies: 45
Views: 2469

Re: Evaluating risk of flooding in the "new normal"

I live on the edge of a 100 year flood zone in NJ. When I bought the house some 25 years ago I was not required to buy flood insurance so I didn't. At that time a flood would have stressed my finances quite badly. Over the time I've lived here there haven't been any storms that have resulted in anyt...
by Ged
Thu Aug 31, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Administration Question
Replies: 65
Views: 4312

Re: Estate Administration Question

I went through a similar situation a couple years ago. One more issue that wasn't mentioned is money to pay for 'final expenses' - i.e., funeral and burial. I wound up having to put those expenses on my credit card. I think this is a common scenario. At the time of a funeral there is a good chance ...
by Ged
Thu Aug 31, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Evaluating risk of flooding in the "new normal"
Replies: 45
Views: 2469

Re: Evaluating risk of flooding in the "new normal"

Spirit Rider wrote:
Thu Aug 31, 2017 10:20 am
Oh please. This is the first major hurricane to make landfall in the US in a dozen years and this is the "new normal"
Sandy wasn't officially a hurricane but it sure did a lot of damage.
by Ged
Sun Aug 27, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4116

Re: Transitioning management of investments as cognitive ability declines

I'm 67 and my wife is 72. We have POAs in place plus we are involving my children in our day to day financial affairs and tax preparation. They have also been educated w.r.t. Bogleheadism.

I hope this works.
by Ged
Sun Aug 27, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Additional healthcare inflation term due to one's own aging.
Replies: 5
Views: 454

Re: Additional healthcare inflation term due to one's own aging.

I would look at the costs for medicare supplement plans and how they increase with the age of the policy holder as an idea of the increased costs as you age.

A kicker is end of life care. Studies of Medicare expenditures indicate that it is about 25% of total Medicare expenditures.
by Ged
Sat Aug 26, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: My Mom's portfolio
Replies: 14
Views: 1419

Re: My Mom's portfolio

For a person 71 years old who is spending about 2% per year of her savings there is no need to take risk in the equity market. You mention duration risk in the 25% bonds she holds, but the fact is that it's very unlikely she will need to draw the money from those bond funds, and certainly the risk i...
by Ged
Wed Aug 23, 2017 11:03 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 60
Views: 7150

Re: Lowes vs Home Depot

Home Depot. A little closer, the parking lot has a much better accessibility from the road I use and there isn't cross traffic from other stores because it's by itself. Plus I had a bad experience in Lowe's a few years ago - I picked out my stuff and showed up at the registers - not one was manned. ...
by Ged
Wed Aug 23, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: What do you do with RMD money you don't need?
Replies: 51
Views: 4236

Re: What do you do with RMD money you don't need?

If you're fortunate enough to have more $$ than you need to live on from RMDs/Social Security and possibly a pension, what do you do with the excess money from your RMDs? Do you spend it on the things you always lusted after, re-invest it (stocks or bonds/cds?), make donations to charity, or give i...
by Ged
Wed Aug 23, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Stocks On Sale - What do you buy?
Replies: 64
Views: 6062

Re: Stocks On Sale - What do you buy?

I don't buy on dips. What if the market doesn't dip for a decade? The next dip could be at a higher price than the market is at today. Buying on dips could leave you on the sidelines through a major bull market. I rebalance my holdings on an ongoing basis to a target stock bond ratio. I do adjust my...