Search found 449 matches

by epictetus
Sun Dec 10, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8458

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

two things that have helped me a lot are studying/applying Stoicism and Buddhism. if you go here you can sign up for a 7 day free introduction to Stoicism. I am not affiliated with this site but found the info useful: https://dailystoic.com/new-start-here/ the book "the art of living: epictetus" a n...
by epictetus
Sat Dec 09, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 69
Views: 8040

Re: Just not getting it

do it with 10% of your portfolio. put the rest in a reasonable balance of stock/bond index funds. if you are able to pick well you will make some extra money. if you aren't you won't be hurt too badly. it can be good to go ahead and get this out of your system when you are relatively young and resou...
by epictetus
Sat Dec 02, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: I soooo want to embrace the 3 fund portfolio, but...
Replies: 25
Views: 2908

Re: I soooo want to embrace the 3 fund portfolio, but...

i would encourage you to stay put and not make the change yet. or do it with only 25% of your portfolio or something like that. if you make the move now without really buying into it, when the market goes down 50% you will be more likely not to stick with it. it is ok to stay where you are, keep rea...
by epictetus
Sun Nov 26, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: May reach critical mass soon, how do I protect what I have?
Replies: 26
Views: 3174

Re: May reach critical mass soon, how do I protect what I have?

reducing stock allocation should help.
might consider:
50/50 stock/bond
or age in bonds
or a Lifestrategy fund set at 40/60 or 20/80
or a Target Retirement fund with the stock/bond ratio you want now; it will automatically become more conservative with time
or the Wellesley fund

just some ideas
by epictetus
Sun Nov 26, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable 3 fund portfolio at Vanguard vs Fidelity
Replies: 12
Views: 811

Re: Taxable 3 fund portfolio at Vanguard vs Fidelity

i think Vanguard has better municipal bond fund options than Fidelity does.
by epictetus
Sun Nov 26, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 747

Re: Help my kids pick a charitable cause

one thought: maybe you could do what you are hoping they will want to do/learn to do in the future. and they could learn by your example. whether it is giving a certain amount of money to a cause. or donating time/energy/labor to a cause. otherwise it sounds like it might be a little heavy/stressful...
by epictetus
Sun Nov 26, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Need a profit taking strategy for Bitcoin windfall
Replies: 9
Views: 1036

Re: Need a profit taking strategy for Bitcoin windfall

one idea: sell half now and then sell a certain dollar amount or percentage whenever the value of what you still have invested reaches a certain dollar amount or gains a certain % (10, 25, 50, 75 for example)

am i reading this right: you invested 5000 and now have 5,000,000?
by epictetus
Sun Nov 26, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Pay this off now or not?
Replies: 33
Views: 2530

Re: Pay this off now or not?

if it bothers you i would encourage you to pay it off as soon as you can and be done with it. i don't like debt myself and would be relieved to have it paid off if I were you. if you don't pay it off when you really deep down think that is the thing to do and invest instead and about the time you bu...
by epictetus
Sat Nov 18, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 3093

Re: What to do with 360k for an old man

would be good to make sure he is staying within the FDIC limits.
and that he is in savings account generating decent returns.

otherwise, at 89, his plan seems good to me.
by epictetus
Tue Nov 14, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2568

Re: Is it worth starting investing if 7-8 years from retirement?

will they be comfortable seeing the value of their portfolio decrease by 25-30% at any time? have to expect that at any time at a 50-60% stock allocation.

if they are not and end up selling after it has gone down they would be better off staying in something less volatile
by epictetus
Sun Oct 29, 2017 7:34 am
Forum: Investing - Theory, News & General
Topic: How I ended up at Vanguard robo-advisors
Replies: 17
Views: 3000

Re: How I ended up at Vanguard robo-advisors

putting the amounts in percentages would be just fine. you don't have to put in the actual dollar amounts.
by epictetus
Sat Oct 28, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: allocation & funds/bogles recent interview that vanguard is almost too big
Replies: 22
Views: 1220

Re: allocation & funds/bogles recent interview that vanguard is almost too big

thank you for posting that link Taylor. you are always so considerate. after i wrote my post i realized i should have searched and posted the link myself and when i went back to do so you had beat me to it! here is some further info on the 3 fund portfolio from the wiki: https://www.bogleheads.org/w...
by epictetus
Sat Oct 28, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: allocation & funds/bogles recent interview that vanguard is almost too big
Replies: 22
Views: 1220

Re: allocation & funds/bogles recent interview that vanguard is almost too big

would encourage you to search this site for Taylor Larimore's 3 fund portfolio (total stock, total international stock, total bond).
by epictetus
Sat Oct 28, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: European Tours
Replies: 67
Views: 3314

Re: European Tours

what we have found works for us is to use a group tour and then reading/using Rick Steve's guidebook(s) for preparation and trip supplement.

we have used Globus before on several trips and have had a good experience.
by epictetus
Sun Oct 08, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10551

Re: Third time in my 32 year career I have been laid off

do you have a good idea of your monthly expenses?
that is an important figure to have when figuring things out.
by epictetus
Wed Oct 04, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: River cruise recommendations (Europe)
Replies: 19
Views: 1623

Re: River cruise recommendations (Europe)

I have a friend who has taken several Viking river cruises in Europe and she has been very pleased with her experiences.

Avalon is a division of Globus tours. Although we have never taken a river cruise we have taken a few Globus tours and have been pleased with them.
by epictetus
Sat Sep 30, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: Waxing my car!
Replies: 48
Views: 4499

Re: Waxing my car!

i use Turtle Wax Spray On wax.
you spray it on and wipe it off.
seems to last for me as well as anything I have used.
gives a very glossy/shiny finish.
and goes on/off easily/quickly.
by epictetus
Sat Sep 30, 2017 7:03 am
Forum: Investing - Help with Personal Investments
Topic: My dad recently passed away and I need help with mom's IRA diversification (23.9% in a single stock)
Replies: 29
Views: 1461

Re: My dad recently passed away and I need help with mom's IRA diversification (23.9% in a single stock)

except for the Chevron stock the rest looks fine.
and she already has plan for how to resolve the Chevron stock issue
by epictetus
Wed Sep 13, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can't Register With TransUnion
Replies: 16
Views: 1786

Re: Can't Register With TransUnion

after spending parts of two days trying to do the freeze online with Transunion I gave up and called. it was an automated process to do the freeze. took a total of 3 minutes and 25 seconds according to the timer on the phone. I had been dreading calling but wish i would have done it to start with.
by epictetus
Sun Sep 10, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401k - Fidelity Funds - Investor Class to Premium Class
Replies: 3
Views: 422

Re: Fidelity 401k - Fidelity Funds - Investor Class to Premium Class

there is no cost to convert. and i think the conversion is done automatically once you reach that amount
by epictetus
Sun Aug 27, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Amazon "subscribe and save"
Replies: 20
Views: 1607

Re: Amazon "subscribe and save"

we buy our dog food through subscribe and save. only that one item. each month you get an email several days before the item ships with the price of the item, when it will ship, etc. you can change the quantity, delivery date, or skip that month very easily on the website. it is very easy to set up ...
by epictetus
Sun Aug 27, 2017 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 7335

Re: Adjusting AA as retirement nears

Vanguard used to have a calculator that would allow you to put in the amount you have, yearly expenses, stock/bond ratio, how long you needed the money to last, etc. I looked for it just now but didn't find it. When I used it in the past I was very surprised how little difference it seemed to make i...
by epictetus
Tue Aug 01, 2017 6:42 pm
Forum: Personal Consumer Issues
Topic: Auto Battery
Replies: 31
Views: 3092

Re: Auto Battery

quoted from sport: "The way to tell the expected life of a car battery is to look at the ratings. There should be a "cc rating" and a "reserve capacity" rating. The cc rating is the amount of current the battery can supply for 30 seconds at 0 degrees F. This shows the ability to start a car in cold ...
by epictetus
Sun Jul 30, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Buying Shoes
Replies: 12
Views: 1364

Re: Buying Shoes

if she can find something she likes from SAS I would encourage her to try them.
they are made in San Antonio and I have found the quality has remained unchanged (very high) over many, many years of wearing them.
by epictetus
Sun Jul 30, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Auto Battery
Replies: 31
Views: 3092

Re: Auto Battery

so are batteries sold by auto dealers the same ones that come in the car when new? am wondering if it would be better to replace dead battery with new one from dealer versus from another source? does anyone have experience replacing dead battery with battery from the dealer and the replacement batte...
by epictetus
Sun Jul 16, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3772

Re: Thinking out loud

When I have thoughts similar to the ones you are having they always and only seem to occur when the market has been going up and up for the last several years :-) and i have been having those thoughts lately re: maybe age in bonds is too conservative. If I had these thoughts after the market had dro...
by epictetus
Sun Jul 16, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Low cost index funds/Fidelity
Replies: 21
Views: 1955

Re: Low cost index funds/Fidelity

here is a link to the info page on this site re: using Boglehead approach with Fidelity index funds:

https://www.bogleheads.org/wiki/Fidelity

if you stick with the index funds you will be fine at Fidelity.

any reason you are moving to Fidelity from EJ instead of to Vanguard?
by epictetus
Sat Jul 15, 2017 6:58 pm
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 21
Views: 3180

Re: Teeth Whitening

i use a Crest Whitening Rinse. i tried the Crest Strips but they made my teeth tingly right away. I have not had that problem with the Rinse and have been using it every night for a few years.
by epictetus
Sat Jul 15, 2017 6:40 pm
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 84
Views: 7716

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

i use a basic push mower. i decided with the last mower to buy a cheap one and hopefully it would last long enough that when something major broke on it i would just buy a new one instead of paying to fix it. i bought a Murray mower with a B&S engine for $150. this year is the 10th year i am using i...
by epictetus
Sat Jul 15, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Use Emergency Fund to Payoff CC Debt?
Replies: 17
Views: 1375

Re: Use Emergency Fund to Payoff CC Debt?

how about pay off half of the CC debt immediately. then wait a month and see how things are going and if things are going ok/you feel ok with it pay off the other half? that would leave a larger emergency fund at first in case something unexpected happens in your first month or two on the job. and t...
by epictetus
Sun Jul 09, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: any way to eat healthier at Subway (or any other quick lunch ideas)
Replies: 102
Views: 5922

Re: any way to eat healthier at Subway (or any other quick lunch ideas)

natural peanut butter on whole wheat bread makes a fine, filling lunch. no refrigeration needed.
by epictetus
Tue Jul 04, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Education, encouragement, handholding on brokerage account
Replies: 6
Views: 549

Re: Education, encouragement, handholding on brokerage account

if you have a Vanguard account, what is the advantage of moving to ETFs versus staying with mutual funds?
by epictetus
Sun Jul 02, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard... Possible to auto invest in ETF's?
Replies: 25
Views: 2548

Re: Vanguard... Possible to auto invest in ETF's?

can the Vanguard brokerage account be set up to purchase mutual funds automatically? if so you could just do that and forget the ETFs.
by epictetus
Wed Jun 28, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Renewal (or not?)
Replies: 53
Views: 4223

Re: Consumer Reports Renewal (or not?)

we have subscribed for about 25 years. have never made a significant purchase without consulting CR. i agree totally the magazine is only a shadow now of what it once was. in the old days there was a lot of data, test results, etc. that you could really pore over. i am not aware of an alternative so...
by epictetus
Tue Jun 27, 2017 6:40 pm
Forum: Personal Consumer Issues
Topic: Receiving Magazines...Never Subscribed
Replies: 19
Views: 2133

Re: Receiving Magazines...Never Subscribed

this is happening now with my mother, who is almost 80. she is receiving several magazines and has been for several months, maybe a year or so, that she didn't order. she has not received any bill or had any problems. she has no idea why they started.
by epictetus
Sat Jun 24, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs or Mutual Funds for an inexperienced investor
Replies: 32
Views: 2057

Re: ETFs or Mutual Funds for an inexperienced investor

i would encourage you to use mutual funds and not worry with the ETFs. that is what i do and find it much simpler
by epictetus
Thu Jun 22, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Questions for DieHards after reading "The Bogleheads' Guide to Investing"
Replies: 41
Views: 4386

Re: Questions for DieHards after reading "The Bogleheads' Guide to Investing"

i would suggest getting the emergency fund up to 6 months like you had planned and then paying off the high interest loan before you start investing outside your Simple IRA just start where you are with building up your resources and paying down/off your debts. if you feel behind you can start to pa...
by epictetus
Tue Jun 13, 2017 6:04 pm
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 3476

Re: Watch Batteries

i have a $20 Casio digital watch that has a 10 year battery in it.

years ago i had a self-winding Seiko. after some amount of years it had to be cleaned or it would quit running. i forget how much that cost.
by epictetus
Tue Jun 06, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Going from cash to equities now?
Replies: 47
Views: 5058

Re: Going from cash to equities now?

the "one fund" suggestion others have made refers to funds (like the STAR fund and Wellesley funds you hold) that have a balance of stocks/bonds. you could put it all into a Lifestrategy Fund, Target Retirement Fund, Balanced Index fund, STAR fund, Wellington, or Wellesley and have a "one fund" solu...
by epictetus
Fri Jun 02, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 4755

Re: Time to Move Away from 3-Fund Portfolio?

how about putting all of the IRAs into the same Target Retirement fund (whichever one would start at the allocation you want now and move to the allocation you want in 10 years) versus the Life-strategy Fund (which holds a static balance)? that would take care of 80% of your portfolio and would neve...
by epictetus
Mon May 29, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: help me decide of I should use this wealth manager
Replies: 17
Views: 2033

Re: help me decide of I should use this wealth manager

be thankful you came here before you signed on.
don't make this big mistake
by epictetus
Tue May 23, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to pay off student loans
Replies: 26
Views: 3399

Re: Trying to pay off student loans

I am glad I was very wrong about my calculation. Thanks for straightening it out!
by epictetus
Mon May 22, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 33
Views: 5696

Re: I admit, I give up [need strategy for getting back in]

since you are making 500,000/year unless your expenses are really high and cannot be reduced you could probably put your money in low risk places (bond fund, etc) and be fine.

if you could save 1/2 of your income you would save $1 million every 4 years.
by epictetus
Sun May 21, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: The Novice [need books/resources for learning]
Replies: 8
Views: 805

Re: The Novice [need books/resources for learning]

I would suggest starting with "The little book of common sense investing" by John Bogle.
by epictetus
Sun May 21, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Job loss
Replies: 28
Views: 2970

Re: Job loss

what are your monthly expenses if you really trimmed them down to the bone?
you have $36,000 saved. how many months of lean living expenses does that buy you?

knowing you have on hand x months of living expenses, not including unemployment, etc., may help take the stress/panic out just a bit.
by epictetus
Sun May 21, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Convert EE Savings Bonds at Treasury Direct?
Replies: 8
Views: 1328

Re: Convert EE Savings Bonds at Treasury Direct?

my understanding is that if your TD account is hacked, money stolen, etc., the liability for that loss is on you, not TD. if your paper bonds are lost/stolen they can be replaced. i would stick with the paper bonds and just cash them at the bank. simpler and safer. it is hard to go wrong following M...
by epictetus
Fri May 19, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 66
Views: 9070

Re: Milestone and not peeking. . .

congratulations!
i always enjoy reading your posts.
you and the balanced index fund are strongly linked in my mind!
by epictetus
Mon May 15, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 2184

Re: Quality decline in off-brand alkaline batteries?

with duracell alkaline batteries i notice they corrode in the object they are powering (clock, etc) a lot more than they used to
by epictetus
Sun May 14, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to pay off student loans
Replies: 26
Views: 3399

Re: Trying to pay off student loans

did I calculate this correctly: with this payment schedule her 25,000 loan is going to cost her 113,040 ? I hope I calculated that incorrectly.
by epictetus
Sun May 14, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5556

Re: Anyone else dial down retirement savings?

if the stock market goes down 50% and stays there awhile that could change calculations re: how much is needed, how long it will last, etc.