Search found 3064 matches

by Ged
Thu Apr 27, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: ETF verses Mutual Funds.
Replies: 35
Views: 1402

Re: ETF verses Mutual Funds.

Unless one has a compelling well-articulated reason to choose ETFs, they are better off with equivalent mutual funds. OK, I can buy ETFs at 1% to 2% cheaper intraday than I am able to buy mutual funds at the close. I can sell ETFs at 1% to 2% higher intraday than I am able to sell mutual funds at t...
by Ged
Wed Apr 26, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 49
Views: 2715

Re: Porsche Lease

westie wrote:consider a used Honda S2000, they're a lot of fun to drive. They're planning on going back into production late next year.


Thanks, when they go back into production I will certainly at least test drive one.
by Ged
Wed Apr 26, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 78
Views: 4015

Re: $300+ to remove a racoon. Really?

Is there a problem here? Stench, fleas, some threat to pets? Coons are not my favorite animals, but I'd just let the family grow up and move on when they are ready and then block the access. Though I have live-trapped a couple of dozen possums and a hundred roof rats, I usually like seeing critters...
by Ged
Wed Apr 26, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 49
Views: 2715

Re: Porsche Lease

alfaspider wrote:If you are going to YOLO it, don't do it half way :beer



Thanks for the advice. I'll certainly consider alternatives.
by Ged
Wed Apr 26, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 49
Views: 2715

Re: Porsche Lease

Leasing is a very expensive way to "own" a car. If you have money to burn, then you can afford to do things that are not financially prudent. Would this be a one off, or do you plan on leasing a viper when the lease is over? This will be about $750 a month or thereabouts? How much will th...
by Ged
Wed Apr 26, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 49
Views: 2715

Re: Porsche Lease

The Boxster is fairly user friendly. Why not just sell the TL and buy it. No worry about putting miles on it. No extra expense of insurance and taxes for 2 cars. (I had a Lotus Elise which would probably fit in the trunk of a Boxster) The reason I'm not selling the TL is that I occasionally need to...
by Ged
Wed Apr 26, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 49
Views: 2715

Porsche Lease

With the nice runup in the stock market and the fact that I have more money than I'm going to need for the rest of my life plus I just turned 67 I'm thinking of taking a 2 year lease on a Porsche Boxster. I will be keeping my regular car which is a 2012 Acura TL. You only live once. I figure I'll be...
by Ged
Mon Apr 24, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 8233

Re: Why is Real-Estate so Bad?

Real estate isn't bad. I personally know people who live in countries who don't have the financial markets we do who correctly view real estate as their best way to grow their savings.

However they work harder for their money than I do.
by Ged
Sun Apr 23, 2017 6:59 pm
Forum: Investing - Theory, News & General
Topic: Not enough US market listings?
Replies: 14
Views: 1358

Re: Not enough US market listings?

I don't think that the numerical number of listed companies is necessarily the relevant statistic. I would look at how much of the total economic activity in the country or world is represented by public companies compared to private companies. I agree with you that the number per se is not the iss...
by Ged
Sat Apr 22, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: Not enough US market listings?
Replies: 14
Views: 1358

Not enough US market listings?

Interesting article in the Economist this week about the decline in the number of US listings. In particular since 1997 or so the number of publicly listed companies has declined by half or so - from about 10000 to 5000. Multiple factors are in play - delistings of companies taken private, mergers a...
by Ged
Sat Apr 22, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9085

Re: Why are pensions revered, but annuities reviled?

Actually I think there is a lot to be wary of with respect to pensions. I'd much rather have a generous employer match.
by Ged
Fri Apr 21, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Norway, Denmark and Sweden
Replies: 9
Views: 674

Re: Investing in Norway, Denmark and Sweden

There are significant negatives too. High taxes, dependence on oil, low growth forecasts (except Sweden).

I would not concentrate in the manner you propose. It's likely they are fairly valued now.
by Ged
Fri Apr 21, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Best Short Term, Liquid Investments
Replies: 19
Views: 1452

Re: Best Short Term, Liquid Investments

I used VCSH as a place to stash money to bridge the gap between retirement and the start of SS. I also looked at a CD ladder but eventually reached the conclusion that it wasn't worth the effort. In the 4 years I've owned it the NAV has fluctuated about 1% and the yield has been about 2%. I also loo...
by Ged
Thu Apr 20, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: CPA or TurboTax
Replies: 18
Views: 1417

Re: CPA or TurboTax

I think there is an advantage to doing your own taxes in that the understanding of the process adds insight into the effects of your decisions on the amounts of taxes you pay.
by Ged
Thu Apr 20, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Financial Armageddon Insurance - how to spend $100k
Replies: 29
Views: 2500

Re: Financial Armageddon Insurance - how to spend $100k

We went through 2 weeks of no electricity post - Sandy. Cash on hand was important because the financial network was dead. No credit cards no ATMs. Water and natural gas were ok. Gasoline was an issue because gas stations didn't have emergency generators and the generator I had at the time ran off g...
by Ged
Tue Apr 18, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: Unwinding all positions and buy back after French Elections
Replies: 53
Views: 4685

Re: Unwinding all positions and buy back after French Elections

Given the low cost of investing ( in & out in your favorite low cost broker should run around ~7bps of your portfolio size or so), don't you think it's a good a idea to close all positions before the elections and buy back right after? Frequent trading costs add up over time. Many mutual funds ...
by Ged
Sun Apr 16, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Sitting on Cash
Replies: 24
Views: 3452

Re: Sitting on Cash

It seems to me that a 50% down payment is more than enough. Given that you also have not decided when you are going to buy and also have a good emergency fund I'd be looking to put future funds towards retirement savings. Maxing out 401K up to employer match, then ROTH and HSA space are the usually ...
by Ged
Fri Apr 14, 2017 11:03 am
Forum: Investing - Theory, News & General
Topic: Merrill Lynch advisory fees
Replies: 22
Views: 1743

Re: Merrill Lynch advisory fees

happyisland wrote:
Ged wrote:My first experience with a financial adviser was Merrill Lynch.

I would counsel everyone to avoid them.


Same here! I spent a very expensive 10 years having them "manage my wealth" for me. Run, don't walk.


I was lucky to get out after only 2 years.
by Ged
Wed Apr 12, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Problems with oil pans and plugs for Honda Odyssey
Replies: 51
Views: 2473

Re: Problems with oil pans and plugs for Honda Odyssey

clutchied wrote:
maybe I'm crazy...I'm 36 but this thread makes me sound like I'm 65.


I'm 67. It's not paranoia if you have evidence.
by Ged
Wed Apr 12, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Merrill Lynch advisory fees
Replies: 22
Views: 1743

Re: Merrill Lynch advisory fees

My first experience with a financial adviser was Merrill Lynch.

I would counsel everyone to avoid them.
by Ged
Mon Apr 10, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Help me decide what to do with my cars
Replies: 34
Views: 1561

Re: Help me decide what to do with my cars

bubbadog wrote:Financially speaking, keeping the cars you already own is the best solution. I would think the Subaru would be a good car, size wise, for a family of four (two small kids).


That would be my thinking as well. I never had an issue with space with my two in the wagons I had 30 years ago.
by Ged
Sat Apr 08, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Retirement Accounts - Problems?
Replies: 11
Views: 786

Re: Transferring Retirement Accounts - Problems?

In theory it should be easy. In practice theory is not the same as practice. On the positive side had no problems transferring my MONY and John Hancock accounts to Fidelity - I did it as soon as after changing employers rather than waiting for retirement. One form and it was done. My last employer h...
by Ged
Sat Apr 08, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to setup a will
Replies: 42
Views: 3574

Re: Best place to setup a will

With a child you do want to at least have a will that handles appointment of a guardian of your choice should something happen to you. To me anyway the real trigger for needing a will is the arrival of a child. With few assets and no house or children you can simply assign transfers on death and ben...
by Ged
Mon Apr 03, 2017 11:08 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 149
Views: 10363

Re: Virtual Private Networks (VPNs)

If you really feel the need to VPN all traffic, I'd favor a DIY OpenVPN gateway setup on a free tier of AWS ec2 that you are the, and the only, admin of. Even then, there's nothing stopping Amazon from capturing your traffic and providing it to the NSA/FBI/CIA/Google Ads. Thanks for adding this DIY...
by Ged
Sun Apr 02, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: running tax software on Linux using Windows virtual machine
Replies: 27
Views: 1573

Re: running tax software on Linux using Windows virtual machine

A virtual machine would be my second choice - but that depends on what else was going on. I have a Linux machine with a Windows VM. It's nice that the VM does not interrupt the other things that machine is doing (like acting as an email server) but it is definitely not as performant as a native ins...
by Ged
Sat Apr 01, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: running tax software on Linux using Windows virtual machine
Replies: 27
Views: 1573

Re: running tax software on Linux using Windows virtual machine

You could also set-up a dual boot. Dual boot would be my personal preference. A virtual machine would be my second choice - but that depends on what else was going on. I have a Linux machine with a Windows VM. It's nice that the VM does not interrupt the other things that machine is doing (like act...
by Ged
Thu Mar 30, 2017 5:25 pm
Forum: Investing - Theory, News & General
Topic: Does your asset allocation derate tax-deferred holdings to account for future tax liability?
Replies: 163
Views: 7144

Re: Does your asset allocation derate tax-deferred holdings to account for future tax liability?

No. My effective tax rate in retirement is roughly 10%. Furthermore once I start taking SS I expect to take only MRDs. The taxable part of my assets will pass in my estate and receive a gross-up. I do not expect to ever pay taxes on this part of my portfolio. The impact of a 10% adjustment on the ta...
by Ged
Thu Mar 30, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Lastpass bug
Replies: 18
Views: 1992

Re: Lastpass bug

This is why I don't put my passwords in the cloud. I use KEEpass, not as convenient but I sleep better. I agree. The idea of having my passwords in the cloud is very discomfiting. Another very happy KEEpass user. I've posted before regarding my unease storing anything in the cloud that could be suc...
by Ged
Wed Mar 29, 2017 10:12 pm
Forum: Personal Consumer Issues
Topic: Lastpass bug
Replies: 18
Views: 1992

Re: Lastpass bug

mhalley wrote:This is why I don't put my passwords in the cloud. I use KEEpass, not as convenient but I sleep better.


I agree. The idea of having my passwords in the cloud is very discomfiting.
by Ged
Tue Mar 28, 2017 1:13 pm
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 96
Views: 7838

Re: Best take it everywhere camera

Those are some pretty strong claims about DR base performance. Apple is buying its sensors from Sony just like Nikon is, so it's very unlikely the base performance a tiny Sony sensor in an iPhone is as good as the base performance of a Nikon camera with a Sony full-frame sensor. No, it's entirely a...
by Ged
Tue Mar 28, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 96
Views: 7838

Re: Best take it everywhere camera

Some of the phones also now have automatic multi-exposure HDR, enabled in part by the large amount of processing power they have available to quickly align and merge multiple photos. Yes, I have all the HDR apps. They don't add too much, but the base performance of the newer iPhones for dynamic ran...
by Ged
Tue Mar 28, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Picture / video / file backup
Replies: 44
Views: 1243

Re: Picture / video / file backup

Have you folks with Crashplan actually tested whether or not a recovery of your files actually works? I've seen complaints about some of these backup services not working very well during a large recovery.
by Ged
Mon Mar 27, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Computer for Digital Darkroom.
Replies: 13
Views: 793

Re: Computer for Digital Darkroom.

I built mine a few years ago and it's still going strong..... Most of these I would do again, although upscale for recent changes... I have a similar system, however I made a couple of different choices. 1. Instead of a water cooler I went with a Noctua DH-15. Just as effective but a lot simpler me...
by Ged
Mon Mar 27, 2017 6:08 am
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 62
Views: 4213

Re: Our technology is old...advice on upgrading...

Plasma TVs are hard to improve on. Unless you have a specific reason like a screen defect a 1080P plasma should be fine for current source material. Except that they suck power, really suck power. Yes it's true that they consume a lot more power than a equivalent LCD TV. That was one of the reasons...
by Ged
Mon Mar 27, 2017 5:59 am
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 62
Views: 4213

Re: Our technology is old...advice on upgrading...

Plasma TVs are hard to improve on. Unless you have a specific reason like a screen defect a 1080P plasma should be fine for current source material. Except that they suck power, really suck power. Yes it's true that they consume a lot more power than a equivalent LCD TV. That was one of the reasons...
by Ged
Mon Mar 27, 2017 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Are earnings on traditional IRAs taxable?
Replies: 12
Views: 775

Re: Are earnings on traditional IRAs taxable?

Everything taken out of a traditional IRA is taxable whether it was a contribution or earnings. Ralph All of this is applicable to Federal taxes. For state taxes you may have other rules. For example in NJ your contributions to an IRA are taxable. When you withdraw those contributions they are not ...
by Ged
Sun Mar 26, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are earnings on traditional IRAs taxable?
Replies: 12
Views: 775

Re: Are earnings on traditional IRAs taxable?

Everything taken out of a traditional IRA is taxable whether it was a contribution or earnings. Ralph All of this is applicable to Federal taxes. For state taxes you may have other rules. For example in NJ your contributions to an IRA are taxable. When you withdraw those contributions they are not ...
by Ged
Sun Mar 26, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 62
Views: 4213

Re: Our technology is old...advice on upgrading...

Phone technology seems to be improving rapidly. I'd say phones are worth updating on a 3-4 year cycle at present. Computers? MAYBE. If you are happy with the performance and have upgraded to Windows 10 you may be just fine with a 6 year old laptop. IPads? Can't see why. Tablets were great when phone...
by Ged
Sun Mar 26, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Keep JNJ or invest everything in index funds?
Replies: 18
Views: 1181

Re: Keep JNJ or invest everything in index funds?

It sounds like you aren't going to need the money anytime soon. I found that in retirement I am unlikely to need to liquidate my taxable equity investments. As such I'm intending to pass them on in my estate thus resetting the basis and keeping the money in the family. The other alternative already ...
by Ged
Fri Mar 24, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 68
Views: 5422

Re: What online bank do you use?

Fidelity Cash Management - I use their bill pay, checking, debit card and 2% Visa. I particularly like their debit card and Visa when I'm travelling.
by Ged
Thu Mar 23, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 96
Views: 4388

Re: How did you do your income taxes?

Turbo Tax Premier free from Fidelity plus a couple of small spreadsheets using Excel 2010 that I bought in 2012 for about $100. I've had good luck transferring my Fidelity information into Turbo Tax the past few years so I think I will continue doing this. Not counting the cost of the computer becau...
by Ged
Mon Mar 20, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 51
Views: 4735

Re: Moving from Vanguard to Fidelity (probably)

Since fidelity won't accept vanguard admiral shares, you could always convert to etf before rhe transfer. You probably want to do this because this will avoid any issues associated with liquidation of your funds triggering capital gains. Further the trading costs of Vanguard ETFs held at Fidelity a...
by Ged
Mon Mar 20, 2017 7:17 pm
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1821

Re: When does a new computer make sense...

I am finding that my computers are lasting 5 years or so now. These days it's changes to the peripherals more than the CPU that are driving me to build a new machine. This time it was SSDs, PCIE 3.0, USB 3.1, a 4K video card and so forth. The CPU and memory were not improved on much over the past 5 ...
by Ged
Sun Mar 19, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 71
Views: 4956

Bogle interview by Smerconish

Interview of John Bogle by Michael Smerconish.

87 years old and still sharp as a tack.

http://www.cnn.com/2017/03/18/politics/ ... iew-cnntv/
by Ged
Sat Mar 18, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 8328

Re: Citi card Nightmare

Don't know, the tech support people I talked with were very vague. One mentioned something about a recent "problem" with I.E, so they had me try and log-on using Chrome and Firefox. But Neither of those worked. Your problem with Citibank may or may not be due to the browser you are using....
by Ged
Thu Mar 16, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9852

Re: Anyone else taking less risk

I have started selling an increased proportion of equities as the supplement to my pension income.
by Ged
Wed Mar 15, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!
Replies: 67
Views: 4281

Re: Trying to transfer a Roth IRA and this Medallion Signature requirement is driving me nuts!

I've heard Wells Fargo banks (not available here) and BOA provide Medallion signatures, so you might be able to open an account at one of those and keep it long enough to get the signature and whatever bonus they offer for opening an account. Wells Fargo will provide Medallion signature guarantees ...
by Ged
Tue Mar 14, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7434

Re: What Do You Keep In Your Bank Safe Deposit Box?

BrandonBogle wrote:
https://www.xkcd.com/936/



The XKCD example doesn't help with the need to use different passwords for each site.
by Ged
Tue Mar 14, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7434

Re: What Do You Keep In Your Bank Safe Deposit Box?

I was told at a local SunTrust branch that they were phasing out safety deposit boxes. The thinking is that digital is the new safety system. Do any banks still require two keys to open a box? We used to keep some cash in the box, in addition to CDs, birth/marriage certificates, etc. How can you wi...
by Ged
Sun Mar 12, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7434

Re: What Do You Keep In Your Bank Safe Deposit Box?

My safe deposit box is currently empty. However I have a new set of estate documents in preparation - wills, POA, living wills. On top of that will go an encrypted hard drive and some optical disks with tax data, family photos and other assorted data.

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