Search found 154 matches

by IMO
Mon Aug 28, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Can stocks or Bitcoin drop to about zero?
Replies: 45
Views: 3655

Re: Can stocks or Bitcoin drop to about zero?

I agree with everything you said except this. By its very nature, Bitcoin cannot be controlled by a government since it is accounted for by miners around the world all the time. There's nothing the government can really do about it. Besides, the IRS has already ruled that cryptocurrencies are commo...
by IMO
Sun Aug 27, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23242

Re: What is Bitcoin?

On Friday, my dental hygienist, who seems to get interested in every "get rich quick" scheme that comes down the pike, expressed great interest in buying Bitcoin for appreciation. This is one of my usual indications that something is reaching bubble status, like that old great depression tale of th...
by IMO
Sat Aug 26, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5774

Re: Safe car for wife and baby

Have you considered this: http://burchfieldtrucks.com/inventory/commercial-trucks/dump-trucks/1167-2002-international-7400-dump-truck It's a little larger than your typical SUV and has mediocre gas mileage as you might expect, but its performance in front, rear and side crash tests is unparalleled....
by IMO
Sat Aug 26, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: Desperate to get rid of mosquitoes, what else could we try?
Replies: 56
Views: 3188

Re: Desperate to get rid of mosquitoes, what else could we try?

I am the one who has it worst since I have an allergic reaction to mosquito bites, not life threatening but very unpleasant. The rest of the family get bitten less and have only mild itchiness. Unpleasant it putting it nicely. Have the same issue, and only recently found it has an actual name: skee...
by IMO
Fri Aug 25, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 24
Views: 2685

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I think payoff mortgage or invest over the course of a couple of years is probably a marginal decision. Even if you borrow at 3.5% and make 10% with 200k over 5 years that's a benefit of less than 35k. I'm not saying that money is insignificant but does it move the needle on when you can retire or ...
by IMO
Thu Aug 24, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Can dispute an expensive medical bill
Replies: 39
Views: 2807

Re: Can dispute an expensive medical bill

Oh dear lord. I am all for calling out other docs for inappropriate billing, but there is NOTHING wrong here. As long as you had the routine eye exam for x dollars that was discussed in advance nothing wrong was done. My guess is during the routine exam the doc. said something like, "Looks like som...
by IMO
Thu Aug 24, 2017 10:26 pm
Forum: Personal Consumer Issues
Topic: I've fallen and I can't get up -- recommendations?
Replies: 42
Views: 5761

Re: I've fallen and I can't get up -- recommendations?

The biggest issue with my mother was getting her to wear the thing. So I'd go with whatever type would be the most comfortable for him. The cell phone could work, with a preprogrammed key for 911, if he'd be more apt to carry it than wear a cord around his neck or wrist. Don't underestimate how dis...
by IMO
Thu Aug 24, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2793

Re: What to do with series EE savings bonds?

The irony of this site. This morning found a $100 EE savings bond given to me as a gift dated 8/1996. On the top right corner, it says "interest ceases 30 years from issue date." Obviously not a high level of concern on cashing out, but how do you even find out the interest rate on this?
by IMO
Thu Aug 24, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5747

Re: Why do we consider cash flow from rentals but not our own homes?

Another consideration: Equity in a primary residence isn’t the same as equity in a secondary home or investment property. Cashing out equity from a primary residence can be difficult unless you: (1) dramatically downsize, (2) sell and move to a location with much lower housing prices, or (3) decide...
by IMO
Thu Aug 24, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 167
Views: 15788

Re: What should the savings be for an average professional

100 % equity in a home is useless if somebody loves their home that they have spent years in and have fond memories. They would have to sell to benefit from the equity Actually there was a very good post on reverse mortgages that seems a reasonable financial planning tool. (Don't have the link). So...
by IMO
Thu Aug 24, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 8804

Re: Living Expenses - what's "reasonable"?

I think it may be more reasonable to break down the essential category, since their is so much variation. But even then, there can be overlap on items, for example, food. Some don't eat out a lot, others quite a bit. Perhaps following would help people trying to better plan?: Qualify if LCOL, MCOL, ...
by IMO
Wed Aug 23, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5605

Re: I did it and feel great about it (paid off mortgage)

I did it. I can't believe I actually did it but I did and I feel awesome. Now I have $1500/month free cash flow to rebuild my cash position or splurge on a cruise and the deed on my $400K home in the mail. Or, you've possibly just changed your ability to retire sooner by lowering your monthly expen...
by IMO
Wed Aug 23, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8039

Re: 33 years old, how am I doing ?

Seems that reducing shifts would bring me more happiness in the interim but wondering if it would be better to push hard over the next 5-10 years to better prepare for early retirement. Under this scenario, in ten years, just as you retire your oldest turns thirteen and stops talking to you. The ne...
by IMO
Wed Aug 23, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Requesting thoughts on the current "plan"
Replies: 14
Views: 1133

Re: Requesting thoughts on the current "plan"

Did I miss something on you're wife's expected pension concerning semi-retiring/selling and moving to a smaller home in the country? You talk about healthcare from her job, but didn't mention how much income that is expected to provide for your semi-retirement?
by IMO
Wed Aug 23, 2017 12:42 am
Forum: Personal Consumer Issues
Topic: Do you have to paint stucco?
Replies: 31
Views: 2429

Re: Do you have to paint stucco?

I wonder if the issue of painting stucco has more to do with the specific area of the country? Have seen California and Arizona stucco homes painted without issues. As those areas are very arid, perhaps they are not really prone to water vapor build up below the paint surface? There was one stucco h...
by IMO
Tue Aug 22, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8039

Re: 33 years old, how am I doing ?

Appreciate you provided feedback. My response wasn't to give you a hard time. It's just every so often you see a post where on paper someone is doing extremely well at a young age and the skeptical side of me always questions those posts. As I posted earlier, you should honestly take a look at the H...
by IMO
Tue Aug 22, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Do you have to paint stucco?
Replies: 31
Views: 2429

Re: Do you have to paint stucco?

I grew up with stucco houses (California) and we always painted the stucco white, it seemed to last the longest and it didn't really "fade". Some years back our neighbors had a "texture coat" material applied to their stucco. It was supposed to stretch to continue to cover any cracks in the stucco ...
by IMO
Tue Aug 22, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8039

Re: 33 years old, how am I doing ?

It depends how much of this was given to OP and how much was saved/earned by the OP. Either way, it's a great start! If the bulk of this was gifted, then I'd keep that in mind when you look at what you expect your net worth to do in the future, along the lines of "The Millionaire Next Door" and the...
by IMO
Tue Aug 22, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to Become a Spender?
Replies: 16
Views: 1454

Re: How to Become a Spender?

Hang out with me ... Honestly, try to put money in perspective. There may be some usefulness in the thoughts, "you only live once" / "can't take it to your grave." I look at many elderly people we know personally and via work where you realize people get old and have serious health issues that limit...
by IMO
Tue Aug 22, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5747

Re: Why do we consider cash flow from rentals but not our own homes?

You're bringing up again the "rent vs. own" issues/arguments. And you're bringing in the argument of is a home considered an investment vs. a "sink hole" or consumption expenditure like a car. I don't think I'd use the term cash flow, but would say you're gaining equity in your home (presuming value...
by IMO
Tue Aug 22, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5774

Re: Safe car for wife and baby

Given that her com mute is 36 miles each way and half of that is two lane country roads , I worry about somebody smashing into her head on at 50+ mph and having my family wiped out in a heartbeat. I should note that neither my wife or I really WANT a new car - we're both very happy with her driving...
by IMO
Mon Aug 21, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23242

Re: What is Bitcoin?

I think there are ways to get around the miner fees, just start mining yourself. This is a cut/paste of a device to start your own mining: Eve - Best Selling Mining Device - 60 mh/s Availability: Many in stock Eve - Best Selling Mining Device - 60 mh/s Eve- Power Efficient Device $3,500.00 -$5,000.0...
by IMO
Mon Aug 21, 2017 1:57 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 5774

Re: Safe car for wife and baby

My wife is due to have our first child in about six weeks. She drives a 2016 Honda Civic, which was highly ranked by the NHTSA and IIHS. It was a 5 star and Top Safety Pick. However, common sense (or maybe not) tells me that a larger car like an SUV or a larger sedan would probably be safer in the ...
by IMO
Mon Aug 21, 2017 1:19 am
Forum: Personal Consumer Issues
Topic: Dental Insurance/Costs
Replies: 25
Views: 1885

Re: Dental Insurance/Costs

If you are able to get on a dental plan through work, i'm not sure if dental plans available through work vs. what's available on the open market are any different? You really have to look at the specific details, including any waiting periods for certain procedures. As others mentioned, plans are b...
by IMO
Sun Aug 20, 2017 1:03 am
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 25
Views: 1879

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

I'll throw in some additional feedback FWIW (bit long): When there is discussion about similar pension survivor benefit on military pensions on different forums, the decision on how much of the pension one should purchase is typically brought up. In that situation, one could opt to have 6.5% pretax ...
by IMO
Sat Aug 19, 2017 2:07 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23242

Re: What is Bitcoin?

I myself had never learned about the "tulip bulbs" people sometimes reference as a comparison to the bitcoin scheme. So if you're not familiar with tulip bulbs, you may opt to not take a minute to look up the tulip bulb phenomenon in history. There doesn't seem to be any good argument from the bitco...
by IMO
Sat Aug 19, 2017 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 25
Views: 1879

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

Reading through the thread. You lose $375/taxable month, you pass in future, daughter who is currently 14 yr/old gets 50% ($2878/month) until her death. COLA adjusted (a little confused on the max 5% after 5th year - does that mean in a given year it cannot go above 5% COLA or completely?). If I was...
by IMO
Sat Aug 19, 2017 12:55 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23242

Re: What is Bitcoin?

So what is Bitcoin? Here is the surprising answer. Bitcoin is nothing more than a Transaction Ledger . For example, if you ever used an accounting program like gnucash, with a series of transactions, it's basically like that. Except that the transactions are signed with a digital signature for secu...
by IMO
Thu Aug 17, 2017 2:15 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9389

Re: When does renting make sense

Honestly, if you were trying to compare apples to apples with renting on the above, you'd need about $5+K/month to pay for the rent on the home. And, you'd still be on the hook to take care of the yard/pool, etc as a renter typically is required in these areas. In no way, shape or form would they h...
by IMO
Wed Aug 16, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 4670

Re: Reverse Mortgage Considerations

First person experience: Last August with some counseling from Wade Pfau, I opted for a reverse mortgage with the plan to use the money as a line of credit. Our home is paid for and we have a Flagship portfolio. Our only debts are monthly credit card bills we pay off each month. We will probably ne...
by IMO
Wed Aug 16, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 9389

Re: When does renting make sense

+1 KlangFool A house is not an investment, it is an expense. Most folks josh themselves into thinking they are making money when they sell it for more than they paid. But they also conveniently ignore the costs of buying and selling, and all the maintenance they paid for and/or performed. If you ta...
by IMO
Wed Aug 16, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8446

Re: Bitcoin

My simple mind just can't comprehend this . . . Keep in mind that the 88,000% is from day one, when bitcoin was extremely difficult to acquire, and far too esoteric to be known to the common investor. A 2-year chart is better for our purposes. After all, we've been jibber-jabbering about bitcoin on...
by IMO
Wed Aug 16, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: California - clarification on taxes
Replies: 36
Views: 2572

Re: California - clarification on taxes

I'm trying to get something straight. Say I'm in the 28% federal marginal bracket. I'm in California. Does this mean, that for the last dollar I make from my employer , I lose this in taxes: Fed: 28% State: 9.3% SDI: 0.9% Social Security Tax: 6.2% Medicare Tax: 1.5% ------- 45.9% in taxes? So for e...
by IMO
Wed Aug 16, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8446

Re: Bitcoin

gambling - a game of chance where the expected return is <= 1. Bitcoin falls into this category. Here's the bitcoin chart since 2011. Over 88,000% return. The charts are all strongly in the green for similar 2-year returns, 1-year, 6-month, 30-day, 7-day, and 1-day. We can't say that bitcoin won't ...
by IMO
Wed Aug 16, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: HGTV beach front bargain hunter
Replies: 14
Views: 1606

Re: HGTV beach front bargain hunter

Everyone wants their 15 minutes of fame ....
by IMO
Wed Aug 16, 2017 3:04 am
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4894

Re: Best Housing To Avoid Noise

Don't forget about street/highway noise. There is the noise of cars/trucks of various levels, and then there is the dreaded noise of hearing some "kid" blaring their stereo at levels that will result in that kid needing hearing aids in the future. There is the noise of cars going over speedbumps, on...
by IMO
Wed Aug 16, 2017 2:57 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 10823

Re: Hitting "the number" -- when it is enough?

The most important factor is your expenses in retirement. You cannot calculate a "number" without knowing your expenses. Not your income, your expenses. Agreed on expenses. However expenses on 3 levels: a) The "bare minimum to have a low end, but still decent quality of life, and b) The within reas...
by IMO
Wed Aug 16, 2017 2:19 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 85
Views: 11332

Re: Study: The Rate of Return on Everything, 1870-2015

Interesting paper. Conclusion included: "The returns to risky assets, and risk premiums, have been high and stable over the past 150 years, and substantial diversification opportunities exist between risky asset classes, and across countries. Arguably the most surprising result of our study is that l...
by IMO
Wed Aug 16, 2017 1:59 am
Forum: Personal Consumer Issues
Topic: Postal Service -- "informed delivery"
Replies: 115
Views: 7320

Re: Postal Service -- "informed delivery"

I am amazed at the number of Bogleheads posting to this thread who would think of this as a beneficial service. Please read the documentation carefully. In my mind, the primary benefit is to the mailer not the mail recipient. There is a plethora of reasons why a mailer would want this. We (the mail...
by IMO
Tue Aug 15, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14516

Re: How far would you travel to see The Eclipse?

All this talk about driving for day & thousands of miles to go look at the sun is crazy and ridiculous. Maybe I'm just getting old and gumpy, but: "In my day, there was only one show in town, it was called 'Stare At The Sun' that's right you sit in the middle of an open field and stare up at the sun...
by IMO
Tue Aug 15, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 7053

Re: Is $9000 too much for a sectional sofa ?

Watch this SNL skit and then ask if you even want a sectional: https://www.youtube.com/watch?v=4-Sjy5DF28s As for your question, $9k wouldn't surprise me for a large custom high quality piece of furniture. That's hilarious! Those are all very functional, especially the recliners, but ugly as hell ....
by IMO
Tue Aug 15, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 7053

Re: Is $9000 too much for a sectional sofa ?

Couple thoughts on your question: 1. Is this your forever home? I ask because sectional sofa's often are very specific for the space. You spend $9K, move in 5 years and it's likely this sectional won't fit right in your next home. The resale on used sectionals and couches isn't great in general. Sec...
by IMO
Mon Aug 14, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Car Rental on Current Car Insurance Policy?
Replies: 16
Views: 1307

Re: Car Rental on Current Car Insurance Policy?

I think if I got the OP question interpreted properly:

No we don't pay for rental car reimbursement/coverage on our standard automobile insurance policy that would provide us a rental car should our car be in an accident. We have more than 1 car and we could manage with the 2nd car if needed.
by IMO
Mon Aug 14, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: PayPal - Any Disadvantages?
Replies: 49
Views: 4821

Re: PayPal - Any Disadvantages?

I've used Paypal for a long time, as an eBay seller/buyer and to send/receive money from friends. No problems, and they've resolved a couple issues for me, including two issues with fraudsters selling items they didn't have. Having been on both sides, as a general rule, Paypal is highly protective ...
by IMO
Sun Aug 13, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 4923

Re: What home task(s) are worth learning to do yourself?

I agree with the thought of learning about things via youtube and online information as necessary. Some things you'll feel you're okay doing, others you will still want to hire out (i.e. electrical: maybe you're fine replacing outlets/switches after learning, but are you personally comfortable worki...
by IMO
Sun Aug 13, 2017 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 10810

Re: Anyone moved to another state for lower cost of living?

vbdoug wrote:
Sun Aug 13, 2017 12:48 am
Re Phoenix:
It is currently 10:48 pm in Phoenix.
The current temperature is 98°
FWIW
yes but it's a dry heat :happy
(that's a joke as I'm sure the monsoon's are in full swing)
by IMO
Sun Aug 13, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3382

Re: Public vs Private Elementary

Is great school rating a good basis in deciding if the public elementary is good or not? Of course we will go to open house to check other factors too. Thanks! It means something but modest differences in scores in ranking systems like that mean very little since they are mainly based on things lik...
by IMO
Fri Aug 11, 2017 3:21 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 30520

Re: Your USER NAME...what does it mean?

"IMO" means "In My Opinion" It always bothers me when essentially everything you post on a forum is something that is obviously "your opinion" but as some weird explanation or apology, you have to 1st clarify that what you are about to say/type going is "your opinion" so you type "IMO." So instead o...
by IMO
Thu Aug 10, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Trip Cancellation Insurance.
Replies: 37
Views: 2632

Re: Trip Cancellation Insurance.

Having a significant history of last minute changes work related schedules that require trip plans changes, we do the following on trips: Airfare: For most flights, we fly Southwest and thus the flight funds can be cancelled and reused within 1 yr, even last minute if necessary. On most recent non-S...