Search found 148 matches

by WolfgangPauli
Mon May 22, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Zacks says sell Wellesley!?
Replies: 74
Views: 7389

Re: Zacks says sell Wellesley!?

My 1 year return is 6.3%, 5 year is 6.8% and since my investment started (2009), 8.0%...

Small part of my portfolio but it seems to be doing OK for me...
by WolfgangPauli
Sun May 21, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 20
Views: 2819

Re: NJ Lemon Law 2017 Honda CRV

Ok.. well, the reality is there is no way.. no matter what.. .you should have to charge a car battery after one week of sitting.. no way.. there is something wrong...
by WolfgangPauli
Sun May 21, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: to refinance or not for a small monthy cost
Replies: 12
Views: 347

Re: to refinance a mortgage or invest in the market

Need to know a lot more about your situation to answer... But, at a high level, you are basically asking if you should borrow money to invest in the market. My general answer is not no but heck no! Here is a very similar thread: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=219380&ne...
by WolfgangPauli
Sun May 21, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 41
Views: 3224

Re: Refinance Mortgage From 30 to 15 OR Invest?

My opinion is to pay off the home. I am 54 and no mortgage and I can assure you it is the best feeling of your life. Going into retirement with no burden of home ownership (still have maintenance, taxes etc.) payment is great. Having said that, when I was doing this I always wanted to keep my option...
by WolfgangPauli
Sun May 21, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 20
Views: 2819

Re: NJ Lemon Law 2017 Honda CRV

Newer cars have a LOT more electronics that put a parasitic drain on the battery when the car is not in use.. In the old days it used to be that when sitting only the clock and maybe a security system where on, draining less than 100mA and a car battery could go months with that load and still star...
by WolfgangPauli
Sun May 21, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2064

Re: Do I need a LLC to Do Consulting Work

Depending on the type of consulting/contracting work you'll be doing, don't rule out the possibility of working through an agency which would actually own the legal relationship with your client. That's how I do it, and the agency pays me via W-2, and I avoid SET and liability. They carve out enoug...
by WolfgangPauli
Sun May 21, 2017 6:11 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 3609

Re: Anyone else track the value of their investments by discounting the value of equities?

No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates. That is absolutely the way I do it... I figure as long as I have 7-10 years then I could care less about the fluctuations of the market... Do you plan to maintain that level of fix...
by WolfgangPauli
Sun May 21, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 20
Views: 2819

Re: NJ Lemon Law 2017 Honda CRV

I would absolutely research the law and begin the process (i.e. certified letter etc.). I know a lot about parasitic loads and I can assure you, even with all the technology in cars today, there is no way this battery should drain. You should be able to leave it for months, even in the cold, and be ...
by WolfgangPauli
Sat May 20, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 3609

Re: Anyone else track the value of their investments by discounting the value of equities?

TravelforFun wrote:No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates.


That is absolutely the way I do it... I figure as long as I have 7-10 years then I could care less about the fluctuations of the market...
by WolfgangPauli
Fri May 19, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3124

Re: I am a huge believer in Passive Indexing.. but.....

First, congratulations on having reached the point in life where $100K is fun money :mrgreen: . As long as that is "fun money" perhaps you can let it fly and in a few years write a book that rhymes with "Learn How To Trade Like Chuck". In reality, I'd be taking profits and placi...
by WolfgangPauli
Fri May 19, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3124

Re: I am a huge believer in Passive Indexing.. but.....

kelvan80 wrote:I believe the unspoken rule is if the fun money was about 5% of your portfolio then enjoy. Are you asking for a blessing to drop passive investing completely in favor of your lucky picks? Take the tax hit, or donate your earnings.


No, perhaps add more to it though.. go up to 10%?
by WolfgangPauli
Fri May 19, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3124

Re: I am a huge believer in Passive Indexing.. but.....

Bacchus01 wrote:You bought shares in customer companies? Be careful here


Why? My thought process was if they were smart enough to hire me .. they must be good??
by WolfgangPauli
Fri May 19, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3124

I am a huge believer in Passive Indexing.. but.....

Ok, I just need people to walk me off the ledge here. for background, I have been a passive index investor since 1984 and have never looked back. It is the bulk of everything I do. However, about 3 years ago I "peaked". I took some "fun money" (approx $100K) and decided I would r...
by WolfgangPauli
Thu May 18, 2017 6:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 906622

Re: U.S. stocks in freefall

It all seems very irrational so I am "staying the course".
by WolfgangPauli
Wed May 17, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2064

Re: Do I need a LLC to Do Consulting Work

Wow.. .such great information.. thank you so much for what has been provided. Let me give some more information and perhaps we can get more specific. ⋅ I have made significant income from "corporate America" this year (Roughly $300K) and will be exiting shortly. ⋅  I pl...
by WolfgangPauli
Tue May 16, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2064

Re: Do I need a LLC to Do Consulting Work

An LLC helps shield your personal assets from business liability. So if you breach a business contract, only your business assets can be touched. This is not an absolute rule. You have to run your LLC properly and do business through your LLC. You also are not protected from professional liability ...
by WolfgangPauli
Tue May 16, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2064

Do I need a LLC to Do Consulting Work

I am abou to exit "corporate" America and do some limited consulting / contractor work. Can anyone provide advice on: ⋅ Should I establish a LLC to do this? ⋅ Should I have business insurance to protect personal assets? ⋅ What can I do with this that is advant...
by WolfgangPauli
Sun May 14, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1589

Re: Term life insurance in older age?

The first question you have to ask is what are you insuring against and for how long. Let me give you my example. 1. When I was 50 I bought a significant amount of life insurance for a 20 year level term. 2. This carries me to when I am 70 and when I am sure I will not be working. 3. My plan is to e...
by WolfgangPauli
Sun May 14, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5060

Re: Anyone else dial down retirement savings?

Need a lot more information like your annual salary, how much debt and how much you already have saved in retirement. Having said that, here are some things to think about: 1. Remember, you can always borrow while you are working - no one will loan you money when you retire so if I were going to &qu...
by WolfgangPauli
Sun May 14, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Fee to close credit card?
Replies: 15
Views: 1481

Re: Fee to close credit card?

Never heard of it as I would think if you are not using it, it would be in their best interest to have you close it...

Is it happening to you? What card?
by WolfgangPauli
Mon May 08, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2108

Re: Home purchase question

A few things: First, do not think of the home as an investment.. it is a lifestyle choice. Bringing up a family with a nice yard etc. is all about lifestyle. If you buy a house for $400K and sell it for $380K (ignore transaction costs for now although they are important), you will have spent $20K to...
by WolfgangPauli
Mon May 08, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term [Care] Rates just went Through the roof!
Replies: 34
Views: 4703

Long Term [Care] Rates just went Through the roof!

Well, I guess I should have expected it. 20 years ago we thought we were doing the right thing by insuring early for LTC. Paid premiums all that time. Just yesterday I received a letter saying my premiums were going up 70% and I can expect another increase after that. My options: - Reduce my coverag...
by WolfgangPauli
Mon May 08, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4396

Re: USAA 2.5% unlimited Cash back Card - Weird...

Update: So, I did email a note to the CEO of USAA Stuart Parker and to my surprise I received a phone call from the executive offices of USAA. They were incredibly polite, apologetic and they explained the situation. A fascinating one at that but nevertheless, they solved the problem and all is well...
by WolfgangPauli
Fri Apr 28, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4396

Re: USAA 2.5% unlimited Cash back Card - Weird...

I'm trying again. I've been with USAA for 11 or 12 years and there are some frustrating things with customer service that pop up every now and then, but it's not worth closing out everything. What I found the most frustrating thing was that there was no way that I found to provide feedback to the p...
by WolfgangPauli
Wed Apr 26, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Major health issue - finding new employment with health coverage
Replies: 35
Views: 2537

Re: Major health issue - finding new employment with health coverage

I would check with a lawyer to be sure but, under the law as it currently exists, they have to take you and cannot deny you for pre-existing conditions. Many employers have a 60 or 90 day waiting period but you can cover under COBRA during that time so you would have full coverage. [OT comment remov...
by WolfgangPauli
Wed Apr 26, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4396

Re: USAA 2.5% unlimited Cash back Card - Weird...

I was extremely dissatisfied with USAA through this entire process. Very poor customer service, people did not know what they were doing, questions went unanswered etc. honestly, I think I am going to close out of USAA Bank altogether. this process was horrible.
by WolfgangPauli
Mon Apr 24, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4396

Re: USAA 2.5% unlimited Cash back Card - Weird...

It was definitely the freeze however the person the phone told me to unfreeze Experian not Equifax.. I hope he did not screw up
by WolfgangPauli
Sun Apr 23, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19797

Re: Any regrets living a frugal life for high income/high networth individuals?

I lost my job during the early 80s when unemployment was double digits during Reaganomics. I financially was wiped out and had to move back in with my parents. I was unemployed for over a year and a half. When I finally found a really bad job that had zero benefits, I had to start all over re-build...
by WolfgangPauli
Sun Apr 23, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 4396

USAA 2.5% unlimited Cash back Card - Weird...

So, I usually do not chase this kind of stuff but I saw this when I logged into USAA and I figured it was really good. I already have a USAA CC so I thought when I applied, I could just switch it over. But, since I applied on line.. it did not give me a choice.. I just applied for a new card. Then s...
by WolfgangPauli
Sat Apr 22, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19797

Re: Any regrets living a frugal life for high income/high networth individuals?

No regrets at all... Living frugal is not only good for you financially but it is good for the soul. After a while you realize all the "stuff" is just crap anyway. A good family, good children, great life experiences beat cars and boats anyway. Also, it is so liberating to know you are not...
by WolfgangPauli
Sat Apr 22, 2017 10:07 pm
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 321
Views: 18048

Re: I don't understand the case for EE bonds

FWIW, comparing bonds and stocks is NOT ridiculous at all. All of our choices must be compared against all available alternatives as all of our choices are inextricably linked by opportunity cost. In popular terms, the chief "benefit" of bonds and "risk" to stocks is volatility ...
by WolfgangPauli
Sun Apr 16, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Just for Fun... Let's Pick a Daily Over / Under
Replies: 9
Views: 1191

Just for Fun... Let's Pick a Daily Over / Under

So much about not timing the market and I totally agree.. .but, just for fun, let's see if Bogleheads are smarter than the average bear. Here is the "game": Just post "over" or "under" (meaning the S&P 500 will close up or down) for date indicated. Use complex theor...
by WolfgangPauli
Sun Apr 16, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 134
Views: 13286

Re: 2017 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Please add me to the waitlist. I will IMMEDIATELY transfer money to hold my spot :)
by WolfgangPauli
Sun Apr 16, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6640

Re: Is there any reason a buy-and-hold investor would buy gold?

One other great quote about making money in Gold. The merchants who hung around gold mines in Colorado during the big gold rush used to say: "It is easier to mine the miners than to mine the mine". Today, those selling the gold are the merchants, the miners are the survivalists who think o...
by WolfgangPauli
Sun Apr 16, 2017 7:27 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 6640

Re: Is there any reason a buy-and-hold investor would buy gold?

Charlie Munger, Warren Buffett's better half in the partnership said it best: "I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, but I think civilized people don't buy gold. They invest in productive businesses." See article / Link here: h...
by WolfgangPauli
Sun Apr 16, 2017 6:15 am
Forum: Personal Consumer Issues
Topic: radio alarm clock that projects the time on the wall or ceiling
Replies: 18
Views: 1522

Re: radio alarm clock that projects the time on the wall or ceiling

PARADIGM Shift: Get an Amazon Echo Dot then, rather than having light projecting time all the time (which one poster rightfully said interferes with good sleep) you can just ask it what time it is. I replaced my "clock radio" with this device. In the morning, I can do this (for example): 1...
by WolfgangPauli
Sun Apr 09, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Milestone reached.
Replies: 14
Views: 2397

Re: Milestone reached.

Congratulations!!! Superb...
by WolfgangPauli
Thu Apr 06, 2017 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10873

Re: Saving 50% of salary; what does it really mean?

You built a scenario which is fairly obvious. Since money is totally fungible, lets simplify: Person A makes $110,000 and spends $55K Person B makes $110K and spends $50K. Of course, Person B is better off My point is that I took "salary" in the broad sense. Many people, over a lifetime (...
by WolfgangPauli
Sat Apr 01, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: Buying Sunglasses
Replies: 44
Views: 4735

Re: Buying Sunglasses

Buy some polarized Maui Jim's. Most comforbale sunglasses you will ever own. I have some of the MJ Sports frames. My dad was an optomestrist and I've tried on all the sunglasses you could ever dream of. Maui's are by far the best. I agree.. I just read this quote from William Bernstein in his pamph...
by WolfgangPauli
Sat Apr 01, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10873

Re: Saving 50% of salary; what does it really mean?

Savings 50% of salary means saving 50% of salary. I don't include any sort of investment income as "savings". That's part of the portfolio's total return. If you count it as income then you should count it as savings... if you don't count it as income then forget it.. .However, I count AL...
by WolfgangPauli
Sat Apr 01, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10873

Re: Saving 50% of salary; what does it really mean?

Savings 50% of salary means saving 50% of salary. I don't include any sort of investment income as "savings". That's part of the portfolio's total return. If you count it as income then you should count it as savings... if you don't count it as income then forget it.. .However, I count AL...
by WolfgangPauli
Sat Apr 01, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Buying Sunglasses
Replies: 44
Views: 4735

Re: Buying Sunglasses

I always buy sunglasses from Ebay Never paid more than $2.00 and they are always polarized There were instances when the sunglasses I received was not polarized but ebay refunded me right away Can someone please convince me that there is a difference between $100 polarized sunglass and a $2.00 pola...
by WolfgangPauli
Sat Apr 01, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Raise Your Rate CDs
Replies: 9
Views: 2996

Re: Ally Bank Raise Your Rate CDs

I have owned several "Raise your rate" CD's at Ally. I have NEVER had the interest rate go enough to bother with trying to change it. It sound great but have never needed to actually use that feature. birdy "Bother with changing it".... You look at your account, it tells you the...
by WolfgangPauli
Sun Mar 26, 2017 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest a Bit of a Windfall
Replies: 10
Views: 1142

Re: Where to Invest a Bit of a Windfall

Why not Vanguard Total International? Its valuation certainly looks better than the US'. I feel that my total stock market index fund gives me a lot of international exposure as many of the largest companies get more than 50% of their earnings from outside the US. That is all the exposure I want. I...
by WolfgangPauli
Sun Mar 26, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Are earnings on traditional IRAs taxable?
Replies: 12
Views: 849

Re: Are earnings on traditional IRAs taxable?

ralph124cf wrote:Everything taken out of a traditional IRA is taxable whether it was a contribution or earnings.

Ralph


Just to be clear - as the poster said above, contributions that were NON DEDUCTIBLE when you contributed are NOT TAXABLE as long as you have tracked with a 8606.
by WolfgangPauli
Sun Mar 26, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest a Bit of a Windfall
Replies: 10
Views: 1142

Re: Where to Invest a Bit of a Windfall

about 18% cash, 39% total bond, 43% stocks (Mostly total stock market index. Cash includes a huge chunk of bonds (count as cash). WolfgangPauli: It appears to me that you have a suitable portfolio containing mostly Total Bond Market and Total Stock Market. I would resist the temptation to complicat...
by WolfgangPauli
Sun Mar 26, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank Raise Your Rate CDs
Replies: 9
Views: 2996

Ally Bank Raise Your Rate CDs

Hi,

I love these things because in an environment of rising interest rates, I like to know I have some protection.

Anyway, if you have them you ought to go check. Looks like Ally raised rates recently and I was able to adjust most of my CDS by 10bps to 20bps.
by WolfgangPauli
Sun Mar 26, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 18878

Re: gratuitous homeownership items

Our old house had this huge, 2-person jetted tub. Unfortunately the 40 gallon hot water heater wouldn't fill it. If you have a big 2 person tub it needs its own water heater. In the house I had in Michigan, I had an 80 gallon water heater for the "normal" part of the house and a second 40...
by WolfgangPauli
Sun Mar 26, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2205

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Depending on what you told the CPA, this might actually be your mistake. We've seen multiple cases in the past where the tax-preparer did not ask and the client did not say " I made a non-deductible contribution to tIRA for this tax year." If you did not supply that information, the CPA w...
by WolfgangPauli
Sat Mar 25, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest a Bit of a Windfall
Replies: 10
Views: 1142

Re: Where to Invest a Bit of a Windfall

aristotelian wrote:ibonds are never a bad choice. Think about starting a Donor Advised Fund. Sounds like you have won the game or come very close.


Already maxed out my iBonds this year... I was thinking of the Donor Advised Fund but not sure I am 100% "there" yet...

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