Search found 2162 matches

by MathWizard
Tue Jul 26, 2016 5:33 pm
Forum: Investing - Theory, News & General
Topic: Traits of a successful investor
Replies: 29
Views: 1982

Re: Traits of a successful investor

Only 1 of the 3 does not work. You need at least 2, or some of each. Counterexamples: patient but fearful : All the money goes into cash, and inflation eats it all up. patient but unintelligent: As long as I keep playing the lottery, eventually I'll win big. fearless and not patient: Put it all on b...
by MathWizard
Tue Jul 26, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Affordable Bachelor party transportation?
Replies: 26
Views: 1429

Re: Affordable Bachelor party transportation?

I vote for getting the bus. You are asking for someone to spend say 12 hours with a bunch of drunks and get them safely around town. With uber, who is going to get stuck with all the arrangements for getting uber cars, the guys complaining when the uber car is not there immediately or the uber cars ...
by MathWizard
Tue Jul 26, 2016 3:59 pm
Forum: Personal Consumer Issues
Topic: Winter Tires: Yay or Nay
Replies: 42
Views: 1869

Re: Winter Tires: Yay or Nay

With Front wheel drive, I just use all season.

Long ago, when I had RWD, I used snow tires with studs.

If I lived in Colorado, in the Rockies, I'd probably have snow tires, 4WD and chains in the trunk.
by MathWizard
Tue Jul 26, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 58
Views: 4184

Re: What is your plan if you loose job tomorrow ??

Plan A : Work for 4-8 more years and retire Plan B: contact a recruiter. I keep getting contacted by recruiters looking for leads. I could nominate myself, though this would be for less pay that I currently make. Plan C: Live on accrued funds. We'd have to downgrade our lifestyle, and maybe even mov...
by MathWizard
Tue Jul 26, 2016 8:46 am
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 123
Views: 8095

Re: What kind of car do Bogleheads like to drive?

Both my oldest son and I are limited because we sit tall. In recent years, the roof has been lowered to increase fuel economy, and I have problems see out of the front window unless I lean the seat way back. I drive a large Buick with a 3.8 liter engine, 21 MPG overall with mostly city driving. My s...
by MathWizard
Mon Jul 25, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 63
Views: 2999

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

Consider Florence. It is wonderful. 2 hour bullet train ride from Rome. We used the metro and got a 3 day Rome pass. That gave us entry into several sites, and metro every day. Vatican Museum: If you're going to the Vatican Museum, get a reservation online well before you go. (If I recall, you still...
by MathWizard
Sun Jul 24, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Who can I name as executor if I have no family or friends?
Replies: 12
Views: 2053

Re: Who can I name as executor if I have no family or friends?

Some charities have planned giving staff who may give you options.
I know my alma mater does.

A charitable remainder trust is one possible option.
by MathWizard
Sun Jul 24, 2016 7:28 pm
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 70
Views: 5530

Re: Car totaled, no collision insurance

If I were in your position, I would not repair. I would sell the car to a salvage
yard and buy a different one.

Cars are now made to sacrifice themselves to save the passengers.
The car did its job and now the safety of passengers would be less than before.
by MathWizard
Sat Jul 23, 2016 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How best to take advantage of 'Guaranteed Return" ?
Replies: 16
Views: 1624

Re: How best to take advantage of 'Guaranteed Return" ?

Are you sure you get to pick the investments? Is this a per year guarantee? That sounds like a plan that would encourage risky investments to the detriment of the company. You could pick a "lottery winner" type stocks and get your guaranteed 4.5% return if the investment goes south, or a h...
by MathWizard
Sat Jul 23, 2016 2:25 am
Forum: Investing - Theory, News & General
Topic: Are you feeling uncomfortable? [with your investments]
Replies: 42
Views: 4171

Re: Are you feeling uncomfortable?

I'm growing and uncomfortable in my work life.

I don't need to be uncomfortable with my investments.
by MathWizard
Sat Jul 23, 2016 2:22 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8352

Re: Reliving the Nightmare of the Crisis

With all the mentions of margin, options, single stocks, market timing, futures, and 100% stock portfolios lately, I thought the forum could use some context in the form of reliving the financial crisis. What are your favorite threads or news stories from that time? What are some memories that stuc...
by MathWizard
Sat Jul 23, 2016 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Non-Retirement Savings
Replies: 12
Views: 1538

Re: Non-Retirement Savings

I keep short term savings in my credit union. Have used MM's and CD, but the difference in return is minimal currently, so I just use regular savings, Since I'm not yet financially independent (FI), everything else goes into tax advantaged, to save on taxes. Once I reach FI, I can start removing exp...
by MathWizard
Fri Jul 22, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: If everyone saved enough for retirement, wouldn't there just be inflation?
Replies: 32
Views: 3203

Re: If everyone saved enough for retirement, wouldn't there just be inflation?

For the vast majority of my life, I had to spend 80+ percent of what I made. I spent more than 100% when I was getting my degrees (BS,MS,PhD) MathWizard, I never spend more than I earn. Even when I went to college. I graduated from college with 8K of savings. I never go into debt without the mean t...
by MathWizard
Fri Jul 22, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1052

Re: Term life insurance - "overinsured" definition

Option B ignores any retirement accounts and SS. Both of which can provide a significant amount of income.

The 10x current income is really a bare-bones, which may be all a young couple can afford.
by MathWizard
Thu Jul 21, 2016 6:08 pm
Forum: Investing - Theory, News & General
Topic: If everyone saved enough for retirement, wouldn't there just be inflation?
Replies: 32
Views: 3203

Re: If everyone saved enough for retirement, wouldn't there just be inflation?

For the vast majority of my life, I had to spend 80+ percent of what I made.

I spent more than 100% when I was getting my degrees (BS,MS,PhD)
by MathWizard
Wed Jul 20, 2016 10:14 pm
Forum: Personal Consumer Issues
Topic: LED lights or bulbs
Replies: 21
Views: 2083

Re: LED lights or bulbs

Do you use the porch light vey often? We turn ours on at Halloween , when guest arrive and leave, and otherwise it is off. Maybe 50 hours a year. With a 60 watt, that's 3Kwh, at about 10cents a Kwh, so 30cents over a year. A rough service incandescent might be the best bet for that. Maybe stock up o...
by MathWizard
Wed Jul 20, 2016 12:49 pm
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 2571

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

My understanding, somebody correct me if I am wrong: The "company" only gets money from investors when new stocks are issued for that purpose, which dilutes the value for current stockholders. The opposite is true for stock buybacks. GE did this in 2008/9 when it issued preferred stock to ...
by MathWizard
Wed Jul 20, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: Do chipped ATM only cards offer more protection vs unchipped?
Replies: 21
Views: 1459

Re: Do chipped ATM only cards offer more protection vs unchipped?

Yes, according to my understanding. This provides protection against a bad guy create a duplicate card using skimmed info. From the Chase website: https://www.chase.com/digital/chip/security When a chip card is inserted into a chip card reader, the chip produces a single-use code to validate the tra...
by MathWizard
Tue Jul 19, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: What did/does/will your high schooler do during summer vacation?
Replies: 26
Views: 1956

Re: What did/does/will your high schooler do during summer vacation?

One son volunteered at the library. He also helped out as a student volunteer for Lego League (part of FIRST) during a weeklong summer camp for middle school students. My other son volunteered with something called "Mock Trial", again working with middle school students. Both Lego League a...
by MathWizard
Tue Jul 19, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with a bit of extra money each month?
Replies: 40
Views: 2635

Re: What to do with a bit of extra money each month?

403b

When child tax credit no longer available, and if you are still in 15% bracket, Roth 403b

This assumes these are low ER funds.
by MathWizard
Tue Jul 19, 2016 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Sell Condo to pay off Student Loans?
Replies: 112
Views: 4667

Re: Sell Condo to pay off Student Loans?

I would not sell. I would refinance the mortgage to a lower rate since you can get a 15 year fixed for something near or below 3%. This may end up being less than your current mortgage payment since it would be a much lower rate. If you can lower your rate on the student loan, do that as well. Then...
by MathWizard
Tue Jul 19, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 5132

Re: OK to stay in cash if you have 40-50x annual expenses?

If you have a cash position of 40-50x your annual expenses past >5 years that are documented so this is no guessing estimating game, is that OK? Investor is retired, 62. Not taking SS or a small company pension yet. What say the BHs? You are old enough to remember the early 80's with inflation runn...
by MathWizard
Tue Jul 19, 2016 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Invest Emergency Fund?
Replies: 12
Views: 1010

Re: Invest Emergency Fund?

You don't have to invest if you have it in a ROTH. My CU offers ROTH IRA CDs. I prefer to keep the first 6 month of my EF local, but I think that there was a recent post about an online credit union with something like 2.7% for a ROTH IRA CD. You can pull contributions from a ROTH for any reason at ...
by MathWizard
Mon Jul 18, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate Emergency fund
Replies: 44
Views: 3178

Re: How to calculate Emergency fund

You also need to account for benefits that you will now have to pay for.
What does your employer contribute to Health Insurance, Dental, Life, Disability?
Those can amount to a large added expense.
by MathWizard
Wed Jul 13, 2016 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: CD question: would you take 3% guaranteed for 7 years?
Replies: 45
Views: 4363

Re: CD question: would you take 3% guaranteed for 7 years?

Sheepdog wrote:If you are going with a 3 year penalty and you might need to have available some of the deposit someday you may wish to consider splitting the deposit into multiple CDs.


That's good advice Sheepdog.
by MathWizard
Wed Jul 13, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Any wealthy bogleheads NOT use credit cards??
Replies: 88
Views: 4577

Re: Any wealthy bogleheads NOT use credit cards??

Other than travelling, my wife and I could get along fine without credit cards. Confirming hotels and booking planes seems to require a CC these days, though I could probably do that with either a pre-pay CC or a debit card if I had to. Not sure if I am wealthy, but I am nearing financial independen...
by MathWizard
Wed Jul 13, 2016 1:00 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 73
Views: 4990

Re: How much cash to give when invited to a wedding?

You just said that you were invited, not attending. Do you plan to give $100 even if not attending? So the point is that your relationship to the couple and your sentiments toward them disappears if you don't attend? So if it is a friend's birthday, do you only give a gift if they throw a party? OP...
by MathWizard
Tue Jul 12, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 73
Views: 4990

Re: How much cash to give when invited to a wedding?

You just said that you were invited, not attending.

Do you plan to give $100 even if not attending?
by MathWizard
Tue Jul 12, 2016 6:14 pm
Forum: Investing - Theory, News & General
Topic: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %
Replies: 107
Views: 7553

Re: Maintaining 3-10 yrs expenses in fixed income in retirement rather than set %

I don't get it. Unless the portfolio is otherwise 100% stocks, why would a person have to sell stocks to withdraw money during a stock market decline. One would either sell bonds to withdraw money and buy stocks or just sell bonds to withdraw money. Is the contention here that putting this large am...
by MathWizard
Tue Jul 12, 2016 6:01 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 73
Views: 4990

Re: How much cash to give when invited to a wedding?

We usually give $75 for family, mostly nieces and nephews. We also gave for confirmation and graduation HS and college, so I don't think we are too cheap at that level. We gave much less 25 years ago when I was your age and thousands in debt, still a year away from a PhD. Few of the weddings we have...
by MathWizard
Tue Jul 12, 2016 4:30 pm
Forum: Investing - Theory, News & General
Topic: Just as hard to lose to the market as to beat it?
Replies: 53
Views: 3614

Re: Just as hard to lose to the market as to beat it?

Net of fees, the best way to lose to the market is to 1) buy a stock known for volatility: no boring utilities, but a company known for cyclical business, maybe a defense contractor, then 2) leverage and stay leveraged 50 to 1. You're sure to get some 2% down day that will wipe you out. If not, leve...
by MathWizard
Tue Jul 12, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6223

Re: Private vs State School?

I had the grades and scores to get into MIT, but not the funds, so I went to the top public Univ in my state, and I needed a full tuition scholarship to even go there. I was paying my own way, so it was my decision. Without any cost difference to me, I'd have liked to go to MIT. I have a PhD from an...
by MathWizard
Tue Jul 12, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau: What Is The Sustainable Spending Rate For Retirees In 2016?
Replies: 29
Views: 3663

Re: Wade Pfau: What Is The Sustainable Spending Rate For Retirees In 2016?

The clue is in the sentence: To be conservative, a lower withdrawal rate is required to account for the additional random fluctuations from outside the model. Sustainable means "safe within the model". Factors outside of the model (perhaps unknown or unknowable) may make the withdrawal rat...
by MathWizard
Mon Jul 11, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 3680

Re: Do you have any retiree healthcare benefit from your employer?

My employer allows employees with 20 years of service to stay on the group plan in retirement, though the retiree pays the full cost plus an administrative fee. Like COBRA, but no time limit. I feel fortunate we have this option. How does this work, with Medicare? Our plan will require us to sign u...
by MathWizard
Mon Jul 11, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 3680

Re: Do you have any retiree healthcare benefit from your employer?

My employer allows employees with 20 years of service to stay on the group plan in retirement, though the retiree
pays the full cost plus an administrative fee.

Like COBRA, but no time limit.

I feel fortunate we have this option.
by MathWizard
Mon Jul 11, 2016 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Chances of <15% marginal income tax in retirement
Replies: 18
Views: 2356

Re: Chances of <15% marginal income tax in retirement

While the comparison between Trad and Roth when in the same tax bracket while working and in retirement, the ROTH is a slight win when one considers 1) RMDs which might force one into a higher tax bracket, or force money out of tax advantaged accounts 2) effects on taxability of SS benefits 3) the t...
by MathWizard
Sun Jul 10, 2016 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: How much do you invest of your net income?
Replies: 25
Views: 3286

Re: How much do you invest of your net income?

Mid 30% range. I've put most of the last several year's raises into savings.
by MathWizard
Fri Jul 08, 2016 12:47 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10621

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

A couple years ago I read an article which I believe to be true from people I have observed. I can't recall the source of the article. The main point was that retirees living off a stream of income such as SS benefits, an SPIA, and particularly good DB pension payouts seem to spend more freely in r...
by MathWizard
Tue Jul 05, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Anyone else make things for their own use?
Replies: 42
Views: 3541

Re: Anyone else make things for their own use?

Plenty of carpentry/stonework: shed, roof, patio, deck.
Lots of maintenance.
Toyed with the idea of building my own house, but getting too old for that.

Garden

Most things are better quality, but not necessarily cheaper, if you make/grow them yourself.
by MathWizard
Tue Jul 05, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for new driver (teenager)
Replies: 22
Views: 1221

Re: Car insurance for new driver (teenager)

We had only liability, no violations or accidents, and with the same insurance as our house, so very low price point. Adding our 16 yr. old son tripled our insurance. That was 10 years ago, and we were with Allied Ins. We switched to Traveler's and premiums dropped. I've heard from an old ins. agent...
by MathWizard
Tue Jul 05, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3164

Re: How to negotiate result of big item home inspection

You are buying a used house. You will immediately be doing maintenance, so you need to build that into your budget. When I bought my current house, I had no problem asking for repair or drop in price for safety issues, but not for end of life. Holes in the furnace heat exchanger meant that house was...
by MathWizard
Fri Jul 01, 2016 4:50 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 145
Views: 8673

Re: How many of you have cut cord?

Fortune says 1 in 5, and I suspect among this LBYM group, that percentage is higher.

http://fortune.com/2016/04/05/household-cable-cord-cutters/
by MathWizard
Fri Jul 01, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off the house leaving only $15k
Replies: 32
Views: 2061

Re: Pay off the house leaving only $15k

The odds of an emergency in a few months is relatively small. If you have a ROTH, you could always pull contributions in a real emergency. In the case of job loss, a paid off house means you have reduced your cash flow. You could use also use a HEL I think that you could do it. If you have a low int...
by MathWizard
Fri Jul 01, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Most frustrating company with worst customer service
Replies: 21
Views: 1221

Re: Most frustrating company with worst customer service

Tracfone, but they are very cheap, so I just do without customer service and do everything online.
by MathWizard
Fri Jul 01, 2016 1:53 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 145
Views: 8673

Re: How many of you have cut cord?

I've only had cable for a few years when living where an antenna was not practical, otherwise OTA all
the way. I added netflix 2 years ago.
by MathWizard
Thu Jun 30, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 222
Views: 22288

Re: Where were you financially when you were at 30?

I am stepping into my 30s at the end of this year. ... In this forum I'm with no doubt far behind; In reddit.com/r/personalfinance I feel like I'm doing average; In some other websites like this http://www.mybudget360.com/the-average-net-worth-by-age-real-estate-boost-housing-net-worth/ it seems I'...
by MathWizard
Wed Jun 29, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 4926

Re: What is the Bogleheads position on Long-term successful daytraders?

Why is it so difficult to admit that there are actually people who can make money consistently doing this, and that it is an actual skill (i.e. Michael Burry)? I don't think the roulette table example applies. But Burry (and Buffet who was mentioned earlier) are not day traders. I do believe that B...
by MathWizard
Tue Jun 28, 2016 9:43 am
Forum: Investing - Theory, News & General
Topic: For those that "buy" during stock market downturns...
Replies: 158
Views: 10185

Re: For those that "buy" during stock market downturns...

I don't have cash lying around to buy on sale. I do rebalance, so when there is a sharp drop in equities relative to bonds, I am "buying stocks on sale". That at least is my argument to those who say "Get out of the market,it is falling", after a big drop. But that is a bad time ...
by MathWizard
Mon Jun 27, 2016 2:40 pm
Forum: Investing - Theory, News & General
Topic: Maximize retirement spending... or Happiness?
Replies: 10
Views: 1180

Re: Maximize retirement spending... or Happiness?

And spending for the sake of spending will not bring you happiness. What would you do with it all if you had everything anyway.? For just one day in my life I would like to try. I'm actually getting to an age where I am thinking about getting rid of things more and more. More stuff to manage, keep ...

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