Search found 479 matches

by epictetus
Sat Feb 17, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Cell phone service
Replies: 38
Views: 2450

Re: Cell phone service

depending on your usage you might look into Tracfone.

we have used them for years and it works well.

we don't use our cell phones much
by epictetus
Sun Feb 11, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6401

Re: Does it ever make sense to buy a new car?

i agree with the poster who said:
buy new
buy cheap
buy reliable
keep for a long time (until significant problems develop)

with toyotas and hondas i think buying used is not the way to go as a rule.
by epictetus
Fri Feb 09, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3388

Re: Does Anyone Knows Anything?

I read this somewhere, liked it, and thought it might fit in here: When you get a Bachelor's degree you think you know everything. When you get a Master's degree you realize you don't know anything but you think someone else does. When you get a Doctoral degree you realize nobody knows anything. Als...
by epictetus
Thu Feb 01, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Finally going to invest, brother is FA
Replies: 89
Views: 6554

Re: Finally going to invest, brother is FA

I would suggest reading John Bogle's "Little book of common sense investing."
It is really eye-opening re: the impact fees have over the long run.
by epictetus
Sun Jan 28, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for an emergency cell phone to keep in car....
Replies: 35
Views: 2160

Re: Looking for an emergency cell phone to keep in car....

Tracfone has an option to buy 365 days of coverage with X minutes (I forget how many). The cost is right at $100. As long as you renew before the year is up the unused minutes will go forward. I have been using a Tracfone for years for the same purpose you are describing (as an emergency back-up pho...
by epictetus
Sun Jan 21, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5940

Re: Should I buy a business or suck it up at a job(s) with a pension.

i am thinking it would be less than 8 years if you are 48 now and all the benefits are available at 55? i would definitely vote for staying put. 55 will be here soon and then you and your wife are set for the rest of your lives. you and your wife have done an amazing job so far. don't stop running t...
by epictetus
Sun Jan 21, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Question with vanguard allocation
Replies: 53
Views: 2217

Re: Question with vanguard allocation

the moderate growth lifestrategy fund would probably be ideal for you. one decision. one fund. wonderful diversification. low cost. buy it. that's it. you are done it sounds like you are trying to talk yourself into being more aggressive than you really are re: stock allocation. if you have 80% in s...
by epictetus
Sun Jan 21, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Mistakes made regarding my credit profile
Replies: 4
Views: 341

Re: Mistakes made regarding my credit profile

sounds like you are making great progress to me!! you are cleaning-up/simplifying your credit cards and paying off debt early. i would encourage you, while you are cleaning up, to consider going ahead and closing cards/accounts you don't want and open the one you do want. as soon as you open that on...
by epictetus
Wed Jan 17, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1757

Re: London/Paris Trip Questions

would suggest buying Rick Steves' "Europe through the back door" for general info. It will address many of the questions you asked.

would also suggest buying his books on London and Paris.

He updates the books each year.
by epictetus
Tue Jan 16, 2018 6:22 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 1024

Re: US escorted tours

Globus
by epictetus
Sun Jan 14, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?
Replies: 46
Views: 5675

Re: Adding 200k to Portfolio, don't want boring old VTSAX again -your criticism, suggestion for a little extra risk?

as others suggested, if you do it with 5% of your portfolio you can have the excitement without doing significant damage to yourself
by epictetus
Sat Jan 13, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!
Replies: 18
Views: 1034

Re: Schwab help - mutual fund vs ETF vs ThomasPartners Balanced Income - overwhelmed!

i totally agree with what ruralavalon said.

just use those mutual funds in your IRA and you are all set

it doesn't have to be complicated
by epictetus
Fri Jan 12, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Virus reading Yahoo news
Replies: 8
Views: 850

Re: Virus reading Yahoo news

i had a family member run into this recently.

what worked for him was deleting the browsing history in his browser (he uses Firefox). that seemed to solve it.

hope that helps
by epictetus
Fri Jan 12, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4695

Re: Almost a pathological fear of debt, to my detriment?

i would suggest just go with the way you are.

most of the people who have a problem with debt have too much , not too little.

very few people end up saying "i didn't reach my financial goals because i had too little debt" :happy
by epictetus
Fri Jan 12, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Dublin - weekend with kids
Replies: 4
Views: 400

Re: Dublin - weekend with kids

here is what Rick Steves suggests:

https://www.ricksteves.com/europe/ireland/dublin
by epictetus
Fri Jan 12, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Rick Steves - France (or some other tour company)
Replies: 15
Views: 1400

Re: Rick Steves - France (or some other tour company)

we have used Globus tours several times and have always had a good experience.
they are a bit cheaper than Rick Steves' tours.

we really like Rick Steves and always take his guidebooks on the trips we take.
by epictetus
Fri Jan 12, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: [Lightning rods for my house? Or too "old fashioned"?
Replies: 32
Views: 2056

Re: [Lightning rods for my house? Or too "old fashioned"?

vitaflo,
thank you for that description of how lightening strikes work. I had no idea.
by epictetus
Fri Jan 12, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Men's MUST iron dress shirt recommendations
Replies: 49
Views: 4105

Re: Men's MUST iron dress shirt recommendations

would a long-sleeve t-shirt under the dress shirt help?
by epictetus
Mon Jan 08, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: How to learn creative writing?
Replies: 23
Views: 1362

Re: How to learn creative writing?

You might find Anne Lamott's "Bird by bird: Some instructions on writing and life" helpful.

I really enjoyed the Stephen King book "On writing" that has already been mentioned.
by epictetus
Sun Jan 07, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 3999

Re: Disappointed in Missing a Long Term Financial Goal

you will get further by having goals than by not having goals. but don't get too hung up on the specific goal. the process you are using to work to reach your goal is really more important than if you hit that arbitrary goal or not. you are doing very well and will continue to if you keep on using t...
by epictetus
Sat Jan 06, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Fidelity Account - FSTVX vs ITOT
Replies: 53
Views: 3735

Re: Taxable Fidelity Account - FSTVX vs ITOT

I appreciate these threads on the tax-inefficiency of Fidelity's total stock market index fund. I had been thinking about using this fund in a taxable account. I wonder why the tax efficiency of Fidelity's fund is different than Vanguard's? Is it b/c Vanguard has the ETF linked with the mutual fund?...
by epictetus
Thu Jan 04, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: So ambitious w/ money but so risk-averse
Replies: 31
Views: 3157

Re: So ambitious w/ money but so risk-adverse

any kind of program/training area at a Community college appeal to you at all? those programs are a lot more directed at training towards a particular job. and they are two year programs. depending on when you graduated you might be able to transfer in some credits/classes and finish in less time. t...
by epictetus
Thu Dec 28, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7302

Re: The Economics of a new Puppy

we use Newman's Own dog food and we buy it through Amazon
by epictetus
Thu Dec 28, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5894

Re: Keeping a checkbook register

i still keep a paper checkbook register.

for the last several years i have used a spiral notebook for the register verses the little paper register that comes with the checks.

it is easier to make entries and it can hold several years' worth of transactions in one notebook.
by epictetus
Wed Dec 27, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11252

Re: Another should i buy my dream porsche thread...

i would suggest when you are debt-free, including the mortgage, and are able to pay cash for the car then consider it again.

a lot of future money/security/freedom can be chewed up/eroded with one expensive vehicle let along a series of expensive vehicles.

just my 2 cents
by epictetus
Wed Dec 27, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off car loan?
Replies: 17
Views: 826

Re: Invest or pay off car loan?

i vote for pay it off and be done with it.
it is a guaranteed 4.8% return if you do.

would be good to get in the habit of paying cash for vehicles. this would be a good step in that direction
by epictetus
Sun Dec 24, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Not investing through your 30's
Replies: 60
Views: 5765

Re: Not investing through your 30's

i think that would likely be a big mistake. losing a whole decade of time in investing is losing a lot. you will have to save more and more the later you start to get to the same point that you could have gotten to by saving less but starting earlier. if you have a 401/403 make sure you are withhold...
by epictetus
Sat Dec 23, 2017 9:21 am
Forum: Investing - Theory, News & General
Topic: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"
Replies: 12
Views: 2045

Re: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"

the holistic healer episode of seinfeld has as one of its plot lines jerry trying to decipher a joke he wrote down in the middle of the night. it turned out to not be as funny as he thought it was in the middle of the night
by epictetus
Tue Dec 19, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Cashed out and wondering if/when to get back in
Replies: 26
Views: 3834

Re: Cashed out and wondering if/when to get back in

a lower allocation to stocks should help a lot. you might consider an "age in bonds" approach where you put your age as a percentage in bonds and the rest in stocks. this would be a lot more conservative than you previously were and you would have a plan in place where you are reducing your stock po...
by epictetus
Thu Dec 14, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 4967

Re: I’ve made huge errors and hope it’s not too late

what are your monthly costs? you have a large income and a lot already saved. if your income is large enough and costs small enough you may be able to get to your goals without taking much/any risk in stocks. i would be very cautious re: getting back into the stock market now unless you can tolerate...
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: 123
Views: 13102

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 [Stock Picking versus TSM]
Replies: 98
Views: 14446

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: 3236

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: 3371

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: 954

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: 862

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: 1146

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: 2731

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: 3325

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: 2703

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: 3303

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: 1394

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: 1394

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: 3826

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: 11026

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: 1752

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: 4753

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: 1586

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: 1898

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: 454

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