Search found 2971 matches

by kenschmidt
Wed Jul 27, 2016 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual corporate bonds to pay off mortgage?
Replies: 22
Views: 749

Re: Sell individual corporate bonds to pay off mortgage?

This is a complicated question and the answer in part depends on what is important to you. How much do you really want to get out of individual bonds? How quickly do you want your house paid off? You could get a 10 year or 15 year mortgage for under 3% if you refinanced. If the mortgage interest is ...
by kenschmidt
Wed Jul 27, 2016 8:04 am
Forum: Personal Consumer Issues
Topic: Weld broken car door or buy a new one
Replies: 13
Views: 680

Re: Weld broken car door or buy a new one

Based on the motor mount issue, I am guessing you have an Odyssey.

I think the junk yard idea is a decent one if you can find a match in terms of color. Mounting the new door is pretty straightforward if you are reasonably handy.
by kenschmidt
Tue Jul 26, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: Gas grill recommendations please
Replies: 43
Views: 1532

Re: Gas grill recommendations please

Weber Spirit should be in that price range. I have an E-310 which is three burners but I believe they make a two burner model also. Like you, I got tired of the junk grills and have been very happy with mine.
by kenschmidt
Mon Jul 25, 2016 12:42 pm
Forum: Personal Consumer Issues
Topic: My experience with "older" used car
Replies: 49
Views: 3307

Re: My experience with "older" used car

I have always thought about it as this - a new car costs $20,000 - $30,000 and I would like to keep it at least 10-12 years, so the "yearly cost" is somewhere in the neighborhood of $2,000-$3,000 a year until it is fully depreciated and any additional life is a bonus. Even if you spent $10...
by kenschmidt
Sun Jul 24, 2016 1:23 pm
Forum: Personal Consumer Issues
Topic: New car or not?
Replies: 30
Views: 2204

Re: New car or not?

What brand and type of tires do you have on your car? How old are they? I had the same question. If you just got tires based on price or tried to replace the OEM tires (typically not always the greatest tires), you might be driving on crap tires, new or not. Go to tirerack.com and look at the tire ...
by kenschmidt
Sun Jul 24, 2016 10:16 am
Forum: Investing - Theory, News & General
Topic: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?
Replies: 138
Views: 6971

Re: Help Me Understand: Why Shouldn't AA Be 100% Stocks During Accumulation Phase?

Because 99 out of 100 people can't successfully pull that off. They see a big bear market hit, where your investments drop by 40, 50 or maybe 60%, and they bail out. What you suggest sounds easy but it is not. If you have substantial investments and a market drop hits, every bone in your body will b...
by kenschmidt
Sat Jul 23, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: Very strange discovery on Google [use tracking/privacy]
Replies: 23
Views: 3537

Re: Very strange discovery on Google

When I log into activity page,it shows past google searches. I know it's my relative because we visited her a couple of months ago and she planned our tours. I find those searches from hotels, trip suggestions and more that can be no coincidence. I even saw her search for flights when she comes ove...
by kenschmidt
Thu Jul 21, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Help With Picking Job Title at Startup
Replies: 33
Views: 2112

Re: Help With Picking Job Title at Startup

VP Operations
Principal
Product Evangelist
Chief Architect
by kenschmidt
Thu Jul 21, 2016 8:19 am
Forum: Investing - Theory, News & General
Topic: wishing the market would drop to buy more shares
Replies: 36
Views: 3050

Re: wishing the market would drop to buy more shares

I am not sure what the purposes of these type of threads are? I'll be more curious to see if you say the same thing when the market drops 30%, the economy sinks into another recession, and you lose your job at the same time you are trying to put 2 kids through college. Don't think i have EVER seen ...
by kenschmidt
Tue Jul 19, 2016 10:05 am
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 70
Views: 8760

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

I think what you see already happening is that some people will have to finance a 30 year retirement by supplementing their retirement by working. Not necessarily a full time job and not necessarily a career type job, but something pulling in extra income. Those who save the most may avoid this comp...
by kenschmidt
Mon Jul 18, 2016 2:04 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 176
Views: 20122

Re: The Big Short

I liked the celebrity cameos. Here to explain CDO's is Richard Thaler and Selena Gomez. How many viewers knew who Selena Gomez is? How many know who Richard Thaler is (Bogleheads don't count)? And how did we get in this mess again? Because nobody follows or understands all this stuff, but hey, that ...
by kenschmidt
Mon Jul 18, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trading in an inherited vehicle
Replies: 9
Views: 813

Re: Trading in an inherited vehicle

You will not be able to trade in the vehicle if you are not on the title. You technically don't own the vehicle. In NY, the vehicle would pass to the deceased's spouse or if not spouse, to the deceased's children. If you are not one of these parties, you would have to have the inheriting party trans...
by kenschmidt
Mon Jul 18, 2016 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5859

Re: Feeling discouraged

Many people don't realize that when you are starting out, your savings rate is MUCH more important than your rate of return. You have already done one of the single best things you could have done, which is to get an early start. At some point, there will be a tipping point where you start noticing ...
by kenschmidt
Sat Jul 16, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Banking & security & open sessions - a question
Replies: 9
Views: 691

Re: Banking & security & open sessions - a question

There is definitely a security hole there. You have a workaround, so you are not personally exposed but it doesn't say great things about the overall security of the website.
by kenschmidt
Fri Jul 15, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: Raising a reader
Replies: 53
Views: 3176

Re: Raising a reader

The main thing we did is to read to them every night before bed. You can start now with simpler books and then work your way up.

My renditions of Hop on Pop and Green Eggs and Ham were highly regarded back in their day.
by kenschmidt
Thu Jul 14, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Township wants me to pay business tax on my rental property income. Are they right?
Replies: 15
Views: 1825

Re: Township wants me to pay business tax on my rental property income. Are they right?

Are you truly in a township and not a municipality? There is a huge difference between the two. What state are you in if you don't mind posting.
by kenschmidt
Thu Jul 14, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Township wants me to pay business tax on my rental property income. Are they right?
Replies: 15
Views: 1825

Re: Township wants me to pay business tax on my rental property income. Are they right?

I would also look into the applicable state law as well as the specifics of this business tax. In Ohio, for example, townships have no ability to impose this type of tax (on income), limited instead to property taxes voted on by residents. This is different than county or city government, which have...
by kenschmidt
Thu Jul 14, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Banking & security & open sessions - a question
Replies: 9
Views: 691

Re: Banking & security & open sessions - a question

My guess is that the security is shared between the two sites. You log onto the bank and when you access the bill pay site, the bank basically sends along a secure transaction saying who you are and that the transaction is trusted. When you log off the bank site, it logs you out of everything. The b...
by kenschmidt
Thu Jul 14, 2016 12:02 pm
Forum: Investing - Theory, News & General
Topic: A Tale of Two Strategies
Replies: 23
Views: 2301

Re: A Tale of Two Strategies

It was the best of times, it was the not really too bad either of times...

I would prefer your strategy, but in almost any scenario, you are probably both fine with lots of room to cut back spending if necessary in a bad scenario.
by kenschmidt
Thu Jul 14, 2016 8:52 am
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 67
Views: 5223

Re: Car totaled, no collision insurance

It's not that you made a necessarily bad decision by dropping coverage on these vehicles, except perhaps not accounting for the Murphy's Law aspects: 1) If a car was going to be totaled, it would be the one car worth the most where the amount of loss was most painful 2) If you had insured only that ...
by kenschmidt
Wed Jul 13, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 8620

Re: Boss cutting salary in response to employee not doing "job"

It seems unreasonable to me that they would cut her salary without giving any type of warning or notice that she was not performing as expected and if it continued, here would be the consequences.

Best option - get a new job and then quit.
by kenschmidt
Tue Jul 12, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate Vs. Long-Term Bonds NYTimes
Replies: 10
Views: 685

Re: Intermediate Vs. Long-Term Bonds NYTimes

I personally would make the switch. Total Bond Index is more diversified, holding both bonds of differing maturities (short, intermediate and long) and type (government, corporate, etc.). I think it makes a better core holding than a fund focused on the much narrower long term government market.
by kenschmidt
Mon Jul 11, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: 14k gain in 3 days???
Replies: 36
Views: 4527

Re: 14k gain in 3 days???

I would say it is not at all unusual to see your investments go up or down by 1% on any given day; on a really bad or good day, that might be 2% or 3%. Sometimes you get a run of good days and it can do wonders for your account balance. The more money you have, the more the gross amount of your inve...
by kenschmidt
Sun Jul 10, 2016 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Question
Replies: 9
Views: 971

Re: Refinance Question

Based on those numbers, you would save roughly $2,500 / yr in interest (rough calculation, the calculators linked would probably give exact numbers). If you stay 2 years, you would save roughly $4000 ($5000 interest savings minus $1000 closing costs). For three years, you'd save around $6500 total. ...
by kenschmidt
Fri Jul 08, 2016 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Question
Replies: 9
Views: 971

Re: Refinance Question

How much is the current balance of the mortgage? Do you have an estimate of what the closing costs would be on the 2.70% loan?
by kenschmidt
Fri Jul 08, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: United Kingdom Traffic Ticket--Funny story though!!
Replies: 20
Views: 2336

Re: United Kingdom Traffic Ticket--Funny story though!!

I would pay it but dump several large boxes of English tea into Boston Harbor as a form of protest. Videotape it and send it to the Daily Mail and the Sun. This is your big break for celebrityness. If you could dress in period costume, it wouldn't hurt.
by kenschmidt
Fri Jul 08, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: Mice in my grill
Replies: 32
Views: 2703

Re: Mice in my grill

This has happened to me once before. Tragically, I did not know about the nest until I started the grill; it started smoking and out popped mama mouse with several babies clinging to her side. I turned off the grill and let them escape as best as possible but the prognosis was probably not good, esp...
by kenschmidt
Thu Jul 07, 2016 7:21 pm
Forum: Personal Consumer Issues
Topic: Dealers list used cars way above KBB value, why?
Replies: 25
Views: 2455

Re: Dealers list used cars way above KBB value, why?

You could also buy a brand new 2016 Camry LE for around $20k right now; pricing includes a $2500 rebate.
by kenschmidt
Wed Jul 06, 2016 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Question for 88 Yr Old Mother
Replies: 14
Views: 1011

Re: Lump Sum Question for 88 Yr Old Mother

I would consider a scenario where your mother's dementia progresses to a point where she will need additional care beyond what assisted living can provide. This could significantly increase her monthly expenses, so I would at least think through what that might mean if it were to occur.
by kenschmidt
Tue Jul 05, 2016 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for new driver (teenager)
Replies: 22
Views: 1221

Re: Car insurance for new driver (teenager)

Mine went up about $100/mo. for each male teen added.
by kenschmidt
Tue Jul 05, 2016 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Hoping for an early retirement
Replies: 29
Views: 3895

Re: Hoping for an early retirement

Yes I am actually concerned that if I don't have enough taxable income I may not qualify for subsidies on the ACA exchange. My understanding is below a certain amount you either go on Medicaid (which I wont qualify for) or pay full price Maybe I missed it, but what is your plan for healthcare cover...
by kenschmidt
Sun Jul 03, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Why "business days" for ACH transfer
Replies: 16
Views: 1541

Re: Why "business days" for ACH transfer

The ACH cycle time is becoming more compressed as most institions now can collect and post ACH transactions same day, so it is not unusual to be able to transfer funds on Day 1 and have them show up on Day 2 at their "destination". Some may have intra-day cutoffs. My (totally unsupported ...
by kenschmidt
Sun Jul 03, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Why "business days" for ACH transfer
Replies: 16
Views: 1541

Re: Why "business days" for ACH transfer

ACH is a batch process, where transactions are collected during the "banking" or business day and then reconciled / cleared through the member institions after hours. It is an older system that has been around for awhile. It works that way because that was the technology of the day at the ...
by kenschmidt
Fri Jul 01, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: M* on Tablet
Replies: 2
Views: 285

Re: M* on Tablet

The site is working fine on my iPad. Perhaps they have rolled the change back?
by kenschmidt
Thu Jun 30, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: I think everyone should look into a home equity line of credit
Replies: 26
Views: 1708

Re: I think everyone should look into a home equity line of credit

Agree overall with the original poster. I think he overstates that EVERYONE should have one, but they are a very useful tool. I have about 80% equity in my house and so it is nice to have an option to tap that if needed. My HELOC is currently at 3% and I can deduct the interest as I itemize deductio...
by kenschmidt
Wed Jun 29, 2016 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Only cheap fund is S&P 500; should I pay more for bonds and international?
Replies: 22
Views: 1943

Re: Only cheap fund is S&P 500; should I pay more for bonds and international?

I would use the funds you have bolded. They are relatively low cost and should provide decent performance as they are indexed. I would also consider the Columbia Small Cap fund in conjunction with the S&P 500 fund to gain exposure to smaller cap stocks. You did not mention if there a was a match...
by kenschmidt
Wed Jun 29, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: Fidelity bulletin board
Replies: 18
Views: 1796

Re: Fidelity bulletin board

There is a Fidelity Investments board on Morningstar.com:

http://socialize.morningstar.com/NewSoc ... 00026.aspx
by kenschmidt
Sat Jun 25, 2016 11:43 am
Forum: Investing - Theory, News & General
Topic: BREXIT - Whats the big deal?
Replies: 108
Views: 10470

Re: BREXIT - Whats the big deal?

A hundred years ago the British Empire was the most powerful nation in the world. Even today, it is the world's fifth largest economy and second largest in the EU. Don't know how it all plays out, but it sure seems to be a big event with a potential huge impact.
by kenschmidt
Fri Jun 24, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Significant earthquake risks outside the west coast.
Replies: 4
Views: 375

Re: Significant earthquake risks outside the west coast.

I have it also - $25,000 deductible. I figure this is what insurance is for - unlikely events that would totally wipe you out financially.
by kenschmidt
Fri Jun 24, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Would today be a good day to rebalance?
Replies: 34
Views: 3311

Re: Would today be a good day to rebalance?

It would be a better day than yesterday. It may or may not be a better day than sometime next week/month/year (fill in your favorite timeframe).
by kenschmidt
Fri Jun 24, 2016 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: BREXIT - Invest tomorrow?
Replies: 68
Views: 9906

Re: BREXIT - Invest tomorrow?

My point, not really directed at your post but your's made a good counterpoint, was that stocks are falling for a reason as new and unforeseen uncertainties have been introduced and there is real risk involved. It may be a great buying opportunity but it also may not.... Look at a long-term graph o...
by kenschmidt
Fri Jun 24, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: BREXIT - Invest tomorrow?
Replies: 68
Views: 9906

Re: BREXIT - Invest tomorrow?

The market always has , In my brief time on this planet returned to its former high and moved higher. Not to say that will be the case forever,,but when I was dollar cost averaging in my working life in the 401k plan , the share accumulation when the market was drifting lower , were the shares that...
by kenschmidt
Fri Jun 24, 2016 8:31 am
Forum: Investing - Help with Personal Investments
Topic: BREXIT - Invest tomorrow?
Replies: 68
Views: 9906

Re: BREXIT - Invest tomorrow?

"The drop is about twice as bad as a normal bad day," Do you buy when prices go up at the :mrgreen: store? I am doing nothing in response to this whole Brexit business, but the flip side is: Do you load up on frozen foods right after your refrigerator just made a really funny noise that y...
by kenschmidt
Thu Jun 23, 2016 1:29 pm
Forum: Investing - Theory, News & General
Topic: Why are mid-caps doing so well for now?
Replies: 7
Views: 788

Re: Why are mid-caps doing so well for now?

Mega-caps (SPY) are +3.09% YTD...Small-caps (IWM) are +3.45% YTD...while Mid-caps (MDY) are +8.26% YTD. Any thoughts on why mid-caps are currently doing so well? I'm quite pleased as the Mid-Cap 400 is part of my equity allocation in my 457 plan, but I can't figure it out. Ask Mel :happy It is beca...
by kenschmidt
Thu Jun 23, 2016 1:26 pm
Forum: Personal Consumer Issues
Topic: Verizon raised unlimited data by $20
Replies: 49
Views: 3556

Re: Verizon raised unlimited data by $20

How much data do you really use? I am only paying about $185/mo for 4 lines through Verizon and that includes $54.00 in equipment installment payments. I have 6GB of shared data which is plenty for how I use it but you can get 18GB of shared data for another $40/mo. That's pretty much data. My plan ...
by kenschmidt
Tue Jun 21, 2016 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement 2055 Fund - Rate of return 2%!
Replies: 25
Views: 4188

Re: Vanguard Target Retirement 2055 Fund - Rate of return 2%!

I am not sure where you are getting your numbers. Vanguard TR 2055 has returned 7.85% annualized over the past three years. You have not had all of your funds invested during that entire period, so your returns would be somewhat lower, but if you have invested $5,500 x 3 ($16,500) and now have $18,0...
by kenschmidt
Sun Jun 19, 2016 10:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard is touting "beat the market," active management
Replies: 63
Views: 5595

Re: Vanguard is touting "beat the market," active management

That is not what the article claims at all.... In black and white (and some red text as well) https://personal.vanguard.com/us/insights/article/active-management-success-vanguard-032016 The keys to active management success APRIL 08, 2016 The Bottom Line Performance Percentage of Vanguard active fu...
by kenschmidt
Sun Jun 19, 2016 10:41 am
Forum: Personal Consumer Issues
Topic: Buying Quality Personal Property
Replies: 30
Views: 2639

Re: Buying Quality Personal Property

I would say yes, it makes sense to buy quality. For collectibles such as art, I would buy because you connect to the art and/or artist in some way. If it appreciates in value, great, but that should not be the goal. Your heirs will most likely treasure that art because it was in dad's / uncle petroc...
by kenschmidt
Sat Jun 18, 2016 10:26 am
Forum: Personal Consumer Issues
Topic: Should I sell my car or drive my expensive car till it dies
Replies: 18
Views: 1814

Re: Should I sell my car or drive my expensive car till it dies

I think people worry too much about most accidents that cars are in. Unless it is a really serious incident, I don't think it matters much. I was in an accident a couple of years ago where I rear ended someone (my fault) and my car was better afterwards - all new paint on what was getting to be a pr...
by kenschmidt
Sat Jun 18, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: Good place to buy new washer dryer
Replies: 26
Views: 1887

Re: Good place to buy new washer dryer

I have bought appliances from Sears, Best Buy, Home Depot and Lowes. Of those, I think Lowes is the best overall.

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