Search found 334 matches

by Iliketoridemybike
Sat Sep 30, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Caught by speed camera
Replies: 49
Views: 2690

Re: Caught by speed camera

I got one a few years ago. I paid it and now pay more attention to my surroundings. I still laugh when I see the photo van ahead and the guy next to me flies by. FLASH!
by Iliketoridemybike
Fri Sep 29, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

Reread “Goals and Strategy” section. Goal & Strategy Total return and current income that is exempt from federal income taxes through high-yield municipal bonds. Oh, you're right. No concerns about the other half-dozen issues with this fund? Guess you're all set then! :D Lived with it for 10 years....
by Iliketoridemybike
Fri Sep 29, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

This is the HY investment grade fund. Believe. https://www.americancentury.com/content/direct/en/products/all-funds/fund-list/high-yield-municipal.html#ABHYX Its stated objective does not mention "high yield." Reread “Goals and Strategy” section. Goal & Strategy Total return and current income that...
by Iliketoridemybike
Fri Sep 29, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

...investment grade HY... This sounds like an oxymoron -- a have-your-cake-and-eat-it-too fund. Any time you're chasing yield, you're assuming additional risk. Yes, I agree the past has been good. It was great for the S&P 500 so I'm safe as houses there, too (oops -- bad metaphor). There is no free...
by Iliketoridemybike
Fri Sep 29, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

I compared these 2 portfolios using portfolio view and was shocked with the findings: What time frame? For the look-back, the bond-heavy portfolio has benefited from the steady decline in interest rates for many, many years. I'm not counting on that going forward :D. With rising rates, I expect to ...
by Iliketoridemybike
Fri Sep 29, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

JBTX wrote:
Fri Sep 29, 2017 5:39 pm
I can't speak about high yield muni at vanguard but many years ago I lost a good deal of money on high yield muni investments. Sometimes the investments are not as "muni" as you think they are and are high risk.
Do tell, did you sell?
by Iliketoridemybike
Fri Sep 29, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: High yield muni
Replies: 30
Views: 2214

Re: High yield muni

I’ve had high yield muni’s in my portfolio going on 10 years now so I have the benefit of seeing them up close and personal over a relatively long time. Yes, they can bounce around like during the “taper tantrum”of a few years back, but the bounces are nothing like equities. The high coupon really s...
by Iliketoridemybike
Fri Sep 29, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: How much liquid Cash to Keep in Savings
Replies: 35
Views: 4727

Re: How much liquid Cash to Keep in Savings

I keep very little. About a month’s worth of expenses. Cash is a drag on returns and I can get short term funds by using a credit card or margin IF I really needed to. Been on this earth for 54 years and never had to do that though.
by Iliketoridemybike
Thu Sep 28, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Email address compromised - HELP!!!
Replies: 28
Views: 2430

Re: Email address compromised - HELP!!!

It is bound to happen to just about everybody. Just wait until you receive an email from yourself. That is kinda freaky. I have talked to IT guys and there is not much you can do other than what has already been mentioned. Start maintaining a SPAM folder, check it occasionally, dump it and repeat. W...
by Iliketoridemybike
Wed Sep 27, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3842

Re: Tax saving strategies for DINKs

You sure about this? I pay AMT and my rate is 33%. The highest tax bracket for the AMT is 28%. If you are in the phase-out of AMT personal exemptions, your marginal AMT rate is 35%. But the OP, who is in the highest federal income tax bracket, is beyond that phase-out range and thus has a marginal ...
by Iliketoridemybike
Wed Sep 27, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3842

Re: Tax saving strategies for DINKs

We are a DINKs who live in the downtown area of a major city. We are both W-2 employees. We rent. We will be in the highest federal income tax bracket this year. When you add our high local income tax rate, our marginal rate will be fairly close to 50%. We will also pay AMT. If you pay AMT, your ma...
by Iliketoridemybike
Wed Sep 27, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Average funds return 2017
Replies: 6
Views: 1022

Re: Average funds return 2017

Way more info needed. What are each invested in?
by Iliketoridemybike
Wed Sep 27, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6011

Re: My Smartest Financial Moves

Starting a business and buying a commercial building. Way more return than the market could have ever given me.
Also not listening to people who said to not invest in bonds.
by Iliketoridemybike
Wed Sep 27, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3842

Re: Tax saving strategies for DINKs

Donate appreciated shares rather than cash. There are some charitable trusts like Fidelity’s Charitable Giving Account that make it easy. You get the benefit of the donation and it also reduces your future cap gain on that investment.
by Iliketoridemybike
Wed Sep 27, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2075

Re: I inherited a life insurance policy that is upside down?

I agree with the above poster with regards to cash surrender value--you usually can only borrow against cash value of the policy. I don't think you can go into the red to your own life insurance policy. That's what I thought. The policy would cease before going into the red. Not necessarily on a wh...
by Iliketoridemybike
Wed Sep 27, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: I inherited a life insurance policy that is upside down?
Replies: 21
Views: 2075

Re: I inherited a life insurance policy that is upside down?

Jags4186 wrote:
Wed Sep 27, 2017 1:20 pm
I agree with the above poster with regards to cash surrender value--you usually can only borrow against cash value of the policy. I don't think you can go into the red to your own life insurance policy.
That's what I thought. The policy would cease before going into the red.
by Iliketoridemybike
Wed Sep 27, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9676

Re: My boneheaded financial mistakes

Not understanding tax loss harvesting well enough so that I bought and sold in the same month. Wash sale. No tax benefit for me. :oops:
by Iliketoridemybike
Wed Sep 27, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: measurement of success of investment(s)
Replies: 52
Views: 4216

Re: measurement of success of investment(s)

I know what my "number" is, the % amount I need overall to hit my goals long term. If it meets or beats that, it is a success.
by Iliketoridemybike
Tue Sep 26, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation - Nearing Retirement
Replies: 26
Views: 2917

Re: Allocation - Nearing Retirement

60/40 at your age would terrify me. I'm 53 and am gearing to 40/60..and even that makes me uncomfortable. May go more for 30/50/20. Can you really stomach a $600K loss (on paper)? $2M is $1.2M in stocks at 60%, and a 50% drop takes you down $600K. I know I can't..we may be dead before things get ba...
by Iliketoridemybike
Tue Sep 26, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Allocation - Nearing Retirement
Replies: 26
Views: 2917

Re: Allocation - Nearing Retirement

4 years out from retirement I am at 50/50. Firecalc says I can go as low as 35/65 and still hit my plan.
by Iliketoridemybike
Mon Sep 25, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice pay off mortgage now or keep cash for closing
Replies: 13
Views: 1280

Re: Financial advice pay off mortgage now or keep cash for closing

Good point, I probably won't pay it off completely. I am also in Colorado. In the "hot" LOHI area of Denver with a property value of under $500,000. At this point in time is seems like I could sell it 'as is' with any contingency I want, but things can certainly change in a year. Cheers! Knowing yo...
by Iliketoridemybike
Mon Sep 25, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice pay off mortgage now or keep cash for closing
Replies: 13
Views: 1280

Re: Financial advice pay off mortgage now or keep cash for closing

I think if you crunch the numbers, you are not talking about saving a lot of money and for the added risk of putting all your eggs into your house equity and then need to liquidate it in less than 2 years, I would keep the cash, just for the flexibility of it. Adding a contingency of a rent back may...
by Iliketoridemybike
Sun Sep 24, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 95
Views: 6321

Re: What is your favorite reasonably priced bourbon?

About $30 and drinks over that....Elijah Craig.
by Iliketoridemybike
Sun Sep 24, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 68
Views: 3330

Re: Do you subscribe to digital newspapers?

I subscribe to USA Today which is free online. I follow all other “papers” on Twitter. They will link to the important stories so you never have to pay for a monthly subscription. I follow about 4 of them and get all the news I want for $0. I agree the level of journalism has gone way down. I think ...
by Iliketoridemybike
Sat Sep 23, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11752

Re: Lifestyle Creep

I would agree with the house. As our income increased, we traded up, but never anywhere near what we could afford. Today we probably have about a third of the house we could afford and we love it.
by Iliketoridemybike
Fri Sep 22, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 2535

Re: Asset Allocation for mid 50 age group

54 now. Retiring at 58. 35% domestic stock. 16% international stock, 45% bond, 4% alternatives. Very little cash. Less than 1%.
by Iliketoridemybike
Fri Sep 22, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: IOS 11: Anybody using it yet?
Replies: 48
Views: 4505

Re: IOS 11: Anybody using it yet?

Love the keyboard and the ability to have multiple apps open on one page.
by Iliketoridemybike
Fri Sep 22, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Tips/Steps for selling a car
Replies: 19
Views: 1381

Re: Tips/Steps for selling a car

Make sure its paid off.
Issue a bill of sale "as is, where is".
by Iliketoridemybike
Thu Sep 21, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2062

Re: Bonds - Ugh

Look at PONDX. PONDX has made a lot of money investing in lower quality non govt insured housing related debt, including subprime, which has appreciated a lot. I am not sure they can easily replicate this. I think you're thinking of something else. A quick look up of its composition shows a much di...
by Iliketoridemybike
Thu Sep 21, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2062

Re: Bonds - Ugh

Look at PONDX. PONDX has made a lot of money investing in lower quality non govt insured housing related debt, including subprime, which has appreciated a lot. I am not sure they can easily replicate this. I think you're thinking of something else. A quick look up of its composition shows a much di...
by Iliketoridemybike
Thu Sep 21, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2062

Re: Bonds - Ugh

Look at PONDX.
by Iliketoridemybike
Thu Sep 21, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

Iliketoridemybike.....the hunt kills me. The aisles aren't marked as to what's in them. You can't get a map because they keep moving things around to keep you on the hunt. I'm a shopper who knows what I want but if it's not in the same the next time I get frustrated. I think they buy items in large...
by Iliketoridemybike
Thu Sep 21, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24306

Re: I won the Lottery. Need sound advice.

If it were me, I would put the entire net proceeds into a lifetime fixed annuity (joint, I guess) just to avoid too much temptation. Of course this is certainly not the best investment-wise approach, but it's far from the worst. Roughly $386/month gross for life for each $100K gives you ~ $2700/mon...
by Iliketoridemybike
Thu Sep 21, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Blue Chip Growth (FBGRX) - anomaly or good investment
Replies: 24
Views: 1108

Re: Fidelity Blue Chip Growth (FBGRX) - anomaly or good investment

I owned that exact fund in the 1990s. It way underperformed. I quit Fidelity partially due to Fidelity pushing this and similar funds instead of SP500. So no I do not think it is a good fund. I suggest VTI or similar. GOOD LUCK. Thread drift warning, but I see posts like this on here from time to t...
by Iliketoridemybike
Thu Sep 21, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24306

Re: I won the Lottery. Need sound advice.

There a drhotlunch on Twitter.
No mention of winning the lottery there.
by Iliketoridemybike
Thu Sep 21, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

Do you really save money at Costco? When we use to shop at Costco I found that we would end up throwing what seemed like half the food stuff out eventually. Running into everyone in the isles, feeling like I'm in a middle of a zoo and fighting over parking wasn't worth whatever is supposedly saved....
by Iliketoridemybike
Wed Sep 20, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

I prefer Costco over Sam's. Costco has great employees and you can get in and out faster than at Sam's. It's also a cleaner store. I do have one complaint. Once you love an item, frozen crab cakes for an example, you need to purchase as many as you can. Once an item is gone they don't replace it. I...
by Iliketoridemybike
Wed Sep 20, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25411

Re: Calling out the not so rich bogleheads

Rich is having options. I know a lot people who have no choice.
by Iliketoridemybike
Wed Sep 20, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25411

Re: Calling out the not so rich bogleheads

Have you ever came across a "rich" boglehead on this forum? I have not yet! BH household earning $300K year and having net worth of $2M considers herself as "middle class"! Point me to a single reply on this forum where the person says I am "rich". That hypothetical person is absolutely sure that t...
by Iliketoridemybike
Wed Sep 20, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

I have neither within 150 miles of where I live. I also dislike any big box stores in general so it works out well for me. I wonder why people post things like this that are generally not helpful in anyway? Did you not read the original post? It was asking about Costco vs Sams Club vs Neither. I cl...
by Iliketoridemybike
Tue Sep 19, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

JBTX wrote:
Tue Sep 19, 2017 8:33 pm
Iliketoridemybike wrote:
Tue Sep 19, 2017 8:30 pm
lthenderson wrote:
Tue Sep 19, 2017 8:07 pm
I have neither within 150 miles of where I live. I also dislike any big box stores in general so it works out well for me.
I wonder why people post things like this that are generally not helpful in anyway?
Or like this ^^ :wink:
:oops:
by Iliketoridemybike
Tue Sep 19, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Help finding a whole house humidifier
Replies: 7
Views: 412

Re: Help finding a whole house humidifier

Do they have whole house humidifier that attach to the water supply but don't connect to the furnace? I'm old and crippled up and can't be adding water manually and moving the machine from room to room. I have one that attaches to the furnace blower, but runs independently of heat. So I can run the...
by Iliketoridemybike
Tue Sep 19, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

lthenderson wrote:
Tue Sep 19, 2017 8:07 pm
I have neither within 150 miles of where I live. I also dislike any big box stores in general so it works out well for me.
I wonder why people post things like this that are generally not helpful in anyway?
by Iliketoridemybike
Tue Sep 19, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: Help finding a whole house humidifier
Replies: 7
Views: 412

Re: Help finding a whole house humidifier

Get a humidifier that runs independent of the furnace. There are days were the furnace may not run as much, but you still need to humidify the air.
by Iliketoridemybike
Tue Sep 19, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3201

Re: Take The Lump Sum or The Immediate Annuity?

When I was running Firecalc in our time, I discovered that the more (up to point) we had in SS/pensions/annuities, the more successful our Indexes, greater monte carlo odds of overall financial success over all time periods, longer we would have Index draws and higher income. YMMV :beer Same can be...
by Iliketoridemybike
Tue Sep 19, 2017 7:44 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4613

Re: Costco vs sams club vs neither.

Costco has a 20% markup across the board which is way lower than most places. We cut our food bill by almost half shopping there. They also carry a lot of nice, organic choices as well. Really hard to beat Costco. Rental car rates and eye glasses are awesome as well. My wife just bought a pair of hi...
by Iliketoridemybike
Tue Sep 19, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3201

Re: Take The Lump Sum or The Immediate Annuity?

In situations like this, all else being equal, the lump sum favors the issuer. The annuity favors the individual.
by Iliketoridemybike
Mon Sep 18, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: Do I need an umbrella insurance?
Replies: 8
Views: 828

Re: Do I need an umbrella insurance?

One thing I should add, if you carry low liability coverage on your auto policy, they may require you to bump those up before issuing the umbrella to you.
by Iliketoridemybike
Mon Sep 18, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Do I need an umbrella insurance?
Replies: 8
Views: 828

Re: Do I need an umbrella insurance?

How about the value of your house?
I personally look at umbrella policies as peace of mind. We don't have kids so a policy for $3 million for us is only a couple hundred dollars. That is cheap insurance. If you get into a multi car accident... rather have it than not.
by Iliketoridemybike
Fri Sep 15, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Having mortgage during retirement. Max retirement saving now
Replies: 19
Views: 1771

Re: Having mortgage during retirement. Max retirement saving now

On the flip side, what if the mortgage interest isn't enough (combined with everything else) to move you out of the standard deduction? That did happen for me. I started off being able to take the deduction and then moved into the standard deduction. I've kept the mortgage anyway because the intere...