Search found 2778 matches

by kenschmidt
Sat Feb 06, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 22
Views: 834

Re: The Gravy Train Departed?

"The house" has ALWAYS tried to manipulate the markets. The idea that somehow markets of the past were more honest is a myth. If anything, markets are far more regulated now, with the individual investor given a fair shake, than ever before. The things that occurred in the markets of 100 y...
by kenschmidt
Mon Feb 01, 2016 9:35 pm
Forum: Personal Consumer Issues
Topic: Manual can opener recommendation
Replies: 45
Views: 2636

Re: Manual can opener recommendation

I have an Ekco Miracle Can Opener 885, Made in U.S.A. that probably dates back to the 50's or 60's. Still cracks cans with the best of them.
by kenschmidt
Sun Jan 31, 2016 10:06 am
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 3308

Re: Replacing timing belt on 2009 Accord(Do it or sell?)

I would just consider this a maintenance item and have the work done. This is assuming that you still like the car and it meets your needs. It will almost certainly be cheaper to have this work done then to buy a brand new car as depreciation will be a cost that also has to be considered. You have d...
by kenschmidt
Sat Jan 30, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: "Why Simple Is Still a Hard Sell"
Replies: 24
Views: 4500

Re: "Why Simple Is Still a Hard Sell"

I think part of the reason it is a hard sell is because complex worked pretty well starting around the year 2000. Emerging Markets, Value, Small Cap Value, REIT all boosted returns if you correctly executed the strategy. Whether or not that will continue going forward is a big question mark - it has...
by kenschmidt
Wed Jan 27, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: Entire Portfolio Expense Ratio
Replies: 41
Views: 2018

Re: Entire Portfolio Expense Ratio

Morningstar Portfolio X-Ray shows mine, which is 0.41. I have a mix of active and index funds as well as my 401k which, although not awful, does pull up the average somewhat.
by kenschmidt
Wed Jan 27, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bond Interest: year matured or year 1099 sent?
Replies: 7
Views: 401

Re: Savings Bond Interest: year matured or year 1099 sent?

There is the maturity date, which is when the bond reaches its face value, and then the final maturity date, when the bond stops earning interest. Maturity date varies based on when the bond was issued, but has been 17 or 20 years for most bonds issued in the 90's and up. The final maturity date is ...
by kenschmidt
Mon Jan 25, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 177
Views: 9038

Re: What is your favorite Financial Quote or Metaphor??

Money isn't everything - until you don't have any.

-- My Dad
by kenschmidt
Sun Jan 24, 2016 9:52 pm
Forum: Personal Consumer Issues
Topic: Do you have or know anybody with rare coins?
Replies: 20
Views: 1514

Re: Do you have or know anybody with rare coins?

Any idea where to get rid of older silver coins? Selling them individually on a sight like Ebay is too much work, the investment of time would outweigh the return. Coin dealers make me think of pawn shops, just doesn't seem like the best place to unload them. My dad passed away in 2014 and he saved...
by kenschmidt
Sun Jan 24, 2016 8:28 pm
Forum: Personal Consumer Issues
Topic: Do you have or know anybody with rare coins?
Replies: 20
Views: 1514

Re: Do you have or know anybody with rare coins?

Check out www.coincommunity.com if you are looking for a good forum to discuss coins.
by kenschmidt
Sun Jan 24, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 77
Views: 4847

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

I am using Turbo Tax Deluxe this year because I got it and Quicken 2016 Deluxe in a bundle for $40 on Amazon, which was too good a deal to pass up. However, I have discovered that the "Turbo Tax Deluxe Federal + State does not include state e-file ($19.99 up charge), which seems to be another o...
by kenschmidt
Sun Jan 24, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 9095

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

Another option is, once you are married, is to adjust the asset allocation of other accounts in your names to get back to the desired target. FIL moves to bonds? You move everything else to 100% stocks to get back to your target. The other thing you might do is to start tracking the performance of t...
by kenschmidt
Sat Jan 23, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: What 55" TV to Buy
Replies: 51
Views: 3313

Re: What 55" TV to Buy

My opinion - they are kind of a commodity at this point. Samsung, Sony, LG, Vizio, Sharp, etc. I would go to the store and see if one jumps out at you. I have a 55" Vizio Smart TV that I like a lot. If I were buying one today, I would probably go for a 4K Smart TV from one of the major brands. ...
by kenschmidt
Fri Jan 22, 2016 8:30 am
Forum: Personal Consumer Issues
Topic: Questions about getting a dishwasher
Replies: 28
Views: 1337

Re: Questions about getting a dishwasher

We recently bought a Bosch from Lowes and are very happy with it. Contrary to the above post, I have heard many recommendations FOR Bosch, although there are many different opinions. I probably would avoid the lower end Bosch Ascenta models - I didn't like the rack system in those either and I have ...
by kenschmidt
Tue Jan 19, 2016 7:32 pm
Forum: Personal Consumer Issues
Topic: Cold spots in certain rooms. Why? How to solve?
Replies: 28
Views: 1832

Re: Cold spots in certain rooms. Why? How to solve?

In would also recommend you get a little portable digital thermometer and take some temperature readings in various parts of the room to help quantify the differences rather than going by feel.
by kenschmidt
Sun Jan 17, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 5080

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

You are down by $100k. What amount could you be down and not have it bother you? $50k? $25k? Less? The answer to that question will probably tell you what your equity allocation should be.
by kenschmidt
Sat Jan 16, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How's it going?....any self-doubt?
Replies: 47
Views: 3826

Re: How's it going?....any self-doubt?

I am about 70% stock and I am at -6.05%. I have been investing for quite a long time so I have no intention of changing course. I have been down this road more than once. Sometimes stocks fall. I was probably most concerned in 2008-09 but still stayed the course through that as well as the tech cras...
by kenschmidt
Sat Jan 16, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Streaming vs. DVD vs. Netflix vs. Amazon
Replies: 13
Views: 775

Re: Streaming vs. DVD vs. Netflix vs. Amazon

You can buy a decent Blue-Ray / DVD player for $60-80. I have a Sony and it even has Smart TV capability if your TV doesn't so you could watch DVD's or Blue Rays from the library or Redbox as well as stream from Amazon or Netflix. Streaming individual movies from Amazon or Apple seems to be more ex...
by kenschmidt
Sat Jan 16, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4064

Re: Neighbors - retired, with low income, high home equity

Most HELOCs are interest only for the first 10 years; they could borrow $50k for around $100/mo. or so ballpark, for example.
by kenschmidt
Sat Jan 16, 2016 11:46 am
Forum: Personal Consumer Issues
Topic: Streaming vs. DVD vs. Netflix vs. Amazon
Replies: 13
Views: 775

Re: Streaming vs. DVD vs. Netflix vs. Amazon

You can buy a decent Blue-Ray / DVD player for $60-80. I have a Sony and it even has Smart TV capability if your TV doesn't so you could watch DVD's or Blue Rays from the library or Redbox as well as stream from Amazon or Netflix. Streaming individual movies from Amazon or Apple seems to be more exp...
by kenschmidt
Fri Jan 15, 2016 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2016 bust
Replies: 13
Views: 1480

Re: Quicken 2016 bust

I upgraded to Quicken 2016 and haven't had any problems and I have data going back to 1991. I know that doesn't help your situation but wanted to post an alternate experience for those considering whether they should upgrade or not.
by kenschmidt
Fri Jan 15, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 10643

Re: Who's buyin' today?

zaboomafoozarg wrote:It's payday, so me.


+1
by kenschmidt
Fri Jan 15, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard tax exempt bond fund recommendations
Replies: 22
Views: 1299

Re: vanguard tax exempt bond fund recommendations

Sounds like a choice between Vanilla ice cream and Vanilla Bean ice cream to me. The long and limited term funds will offset one another so your returns seem like they will be roughly the same no matter which way you go.
by kenschmidt
Fri Jan 15, 2016 8:38 am
Forum: Investing - Theory, News & General
Topic: My list of sure things for 2016
Replies: 8
Views: 1057

Re: My list of sure things for 2016

I will look forward to your updates. Should be an interesting year!
by kenschmidt
Wed Jan 13, 2016 8:35 pm
Forum: Investing - Theory, News & General
Topic: Is the Powerball a good play?
Replies: 48
Views: 3038

Re: Is the Powerball a good play?

Bustoff wrote:It is if you don' t want to feel left out.


This is the real answer!

Cost of a Powerball ticket: $2
Cost of a Powerball ticket if the office pool hits and you're not in it: priceless
by kenschmidt
Wed Jan 13, 2016 7:51 pm
Forum: Personal Consumer Issues
Topic: Inherited a lot of coins/stamps - what to do with them?
Replies: 27
Views: 3444

Re: Inherited a lot of coins/stamps - what to do with them?

Coin Community is an excellent resource. I am a regular poster there and there are many helpful people if you want to take the time to inventory the collection. I think it is best that you have SOME idea of what they are worth because there are unscrupulous people who will give you 10 cents on the d...
by kenschmidt
Wed Jan 13, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Have Vanguard's active funds added value
Replies: 32
Views: 3839

Re: Have Vanguard's active funds added value

So to be sure I am drawing the correct conclusion from the article - for the Vanguard funds selected, the active funds generated positive alpha (i.e. outperformed) the comparable index funds overall but trailed comparable DFA funds which were the best performers. This held true even after adjusting ...
by kenschmidt
Tue Jan 12, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Do Emergency Funds Count as a part of Retirement portfolio?
Replies: 35
Views: 2486

Re: Do Emergency Funds Count as a part of Retirement portfolio?

Some folks do, on the theory that they are all assets. Some folks don't on the theory that they are separate portfolios for separate goals. I compromise. :beer I count my second-tier and third-tier emergency funds as part of our retirement portfolio. Those are muni bond funds (second-tier) and equi...
by kenschmidt
Mon Jan 11, 2016 7:20 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1230

Re: Question about my cell phone

I think that Pantech would work. Another option on AT&T would be LG xPression - also lots of those on eBay.
by kenschmidt
Sun Jan 10, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: I Bonds - question about fixed vs composite
Replies: 4
Views: 454

Re: I Bonds - question about fixed vs composite

I think you've got it right. The only thing I will add is that for the prior 6 month period, the inflation rate was -0 8%, so the composite rate was zero for a period of time which might have been part of the source of the comments around poor rates.
by kenschmidt
Sun Jan 10, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7142

Re: Small value underperformance, DFA

I want to take a quick minute to thank all of the posters on this thread for all the effort put into this discussion - both pro and con. Truly invaluable stuff to think about here.
by kenschmidt
Sun Jan 10, 2016 11:44 am
Forum: Personal Consumer Issues
Topic: Gas fireplace for heat
Replies: 26
Views: 2466

Re: Gas fireplace for heat

We built a house about fifteen years ago and I made the mistake of taking my dad's advice and put in a full masonry, wood burning fireplace. We rarely used it, it made house cold when we did, and blasted cold air into the family room when we didn't. I'm sure it wasn't built correctly. The last two ...
by kenschmidt
Fri Jan 08, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: investus interruptus
Replies: 83
Views: 4230

Re: investus interruptus

I think this just gives investors another way to justify bad behavior. The stock market has dropped. I am selling. But not because I am panicked - no, my ability to take risk has changed and so this is logical and justified. It's a slippery slope into the abyss and I think most are better served to ...
by kenschmidt
Fri Jan 08, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Help explain I bonds through treasury direct?
Replies: 7
Views: 591

Re: Help explain I bonds through treasury direct?

The current I-Bond yield is 1.64%. They can never fall below zero.
by kenschmidt
Fri Jan 08, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Are REITs included in equity allocation?
Replies: 6
Views: 439

Re: Are REITs included in equity allocation?

I separate it out as it's own asset class.
by kenschmidt
Fri Jan 08, 2016 9:56 am
Forum: Personal Consumer Issues
Topic: helping a creative child grow
Replies: 40
Views: 1932

Re: helping a creative child grow

Just a list of things that came to mind in reading through these posts: Legos - there are even Lego robotics clubs which do some really neat things Scouting Destination Imagination - my younger son had a great experience with this Minecraft - I know you are limiting online time but my two kids have ...
by kenschmidt
Thu Jan 07, 2016 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 5086

Re: How Am I Doing? 18 Years of Data

I have 17 years of data - just for comparison, here are my returns. This was an 80-20, morphing to a 70-30 portfolio in the slice and dice style (value slanted, EM, REIT, Intl, etc.). 1999 18.75% 2000 2.22% 2001 -4.48% 2002 -14.71% 2003 29.06% 2004 20.41% 2005 9.12% 2006 16.26% 2007 6.37% 2008 -24.8...
by kenschmidt
Thu Jan 07, 2016 1:48 pm
Forum: Personal Consumer Issues
Topic: A few home improvement questions
Replies: 5
Views: 566

Re: A few home improvement questions

Not enough information on #1. You'd probably need to get someone out and describe what you want and get an estimate. On #2, you could probably figure on $20 / sq. foot plus $5,000 for a half bath or $10,000 for a full bath. A lot depends on materials, number of walls and doors, etc. but that might g...
by kenschmidt
Thu Jan 07, 2016 1:34 pm
Forum: Personal Consumer Issues
Topic: Jackpot Now Estimated $700 Million, who's in?
Replies: 149
Views: 5696

Re: Jackpot Now Estimated $700 Million, who's in?

Stanford University mathematician Keith Devlin offered this: "Imagine a standard NFL football field. Somewhere in the field, a student has placed a single, small, common variety of ant that she has marked with a spot of yellow paint. You walk onto the field blindfolded, and push a pin into the...
by kenschmidt
Thu Jan 07, 2016 11:41 am
Forum: Personal Consumer Issues
Topic: Gas fireplace for heat
Replies: 26
Views: 2466

Re: Gas fireplace for heat

We have a Heatilator gas fireplace. It has a sealed combustion chamber and uses outside air for combustion. I believe it is about 75-80% efficient. We use it more for ambiance than heating but I will say what the sealed combustion gains in efficiency, it loses in ambiance. It's a mostly uniform gas ...
by kenschmidt
Tue Jan 05, 2016 7:34 pm
Forum: Investing - Theory, News & General
Topic: Football and Index Funds
Replies: 7
Views: 647

Re: Football and Index Funds

You also have to remember that the index fund will never win the Super Bowl but should make the playoffs every year...that's good in investing but not so good in football.
by kenschmidt
Mon Jan 04, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: Should I replace an old car that is technically still running?
Replies: 34
Views: 2020

Re: Should I replace an old car that is technically still running?

It's one thing to keep driving an older car that has cosmetic issues, but this car has some serious safety issues with it. It's time to say goodbye. It's just not worth it if you are financially able to replace it at this point.
by kenschmidt
Sun Jan 03, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: How is the current value calculated for i-bond?
Replies: 9
Views: 452

Re: How is the current value calculated for i-bond?

Here is a site that shows you how the interest rate earned by your I-bonds changes over time:

http://www.eyebonds.info/ibonds/index.html

For a $10,000 I-bond purchased in Jan. 2015:

http://www.eyebonds.info/ibonds/10000/ib_2015_01.html
by kenschmidt
Sun Jan 03, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help understanding a credit card issue
Replies: 26
Views: 1136

Re: Help understanding a credit card issue

It sounds like they are afraid you will use the card to get the signup bonus and then cancel it - which also sounds like what you intend to do. They want the bonus to attract a customer they can retain vs. lose it seems to me.
by kenschmidt
Sun Jan 03, 2016 11:20 am
Forum: Personal Consumer Issues
Topic: Using a Samsung Stardust android phone to replace an iPod?
Replies: 6
Views: 460

Re: Using a Samsung Stardust android phone to replace an iPod?

I replaced my Gen 3 iPod, also 8GB, with my son's iPod Touch when he moved up to an iPhone. You can get a used 32GB iPod Touch 4th Generation on eBay for about $75. (this matches what I have). It would be an "easier" upgrade since you could keep using iTunes and will also support any AAC f...
by kenschmidt
Sat Jan 02, 2016 1:30 pm
Forum: Personal Consumer Issues
Topic: Selling antique guns
Replies: 6
Views: 650

Re: Selling antique guns

I would try to find an antique gun dealer in your area. A quick Google search also found an online site where you might get an idea of prices - www.gunsinternational.com.
by kenschmidt
Sat Jan 02, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Replacement air conditioner
Replies: 46
Views: 2105

Re: Replacement air conditioner

I would replace it. You are spending $300 a year in maintenance - in 15 years, that would have paid for your whole new system. Plus, I am sure that the new system will use less electricity and while I am not a tree hugger exactly, that leaking freon is not good for the environment.
by kenschmidt
Fri Jan 01, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 -- Can I Take 99 Allowances
Replies: 14
Views: 1280

Re: W-4 -- Can I Take 99 Allowances

The IRS doesn't really care what you put on your W-4. What they care about is that you have enough withheld so that you cover a substantial percentage of your actual tax due. Under withholding will just result in a penalty at the end of the year. They might care. In the mid-1980s a large number of ...
by kenschmidt
Fri Jan 01, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 -- Can I Take 99 Allowances
Replies: 14
Views: 1280

Re: W-4 -- Can I Take 99 Allowances

The IRS doesn't really care what you put on your W-4. What they care about is that you have enough withheld so that you cover a substantial percentage of your actual tax due. Under withholding will just result in a penalty at the end of the year.
by kenschmidt
Fri Jan 01, 2016 5:56 pm
Forum: Investing - Theory, News & General
Topic: Another look at High Yield Bonds in a Portfolio
Replies: 69
Views: 4085

Re: Another look at High Yield Bonds in a Portfolio

Plus with Shakespeare you get financial advice along with all the rest:

Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.


-- Lord Polonius, Hamlet, William Shakespeare
by kenschmidt
Fri Jan 01, 2016 5:51 pm
Forum: Forum Issues and Administration
Topic: Jan 1,2016 outage?
Replies: 17
Views: 1876

Re: Jan 1,2016 outage?

VictoriaF wrote:
beardsworth wrote:I remember all the fears about what might happen at the beginning of Y2K, so maybe this was Y2K16. :)


That will be in 2048; the 11th power of 2.

Victoria


Actually I think it is Y2K38 (2048):

https://en.m.wikipedia.org/wiki/Year_2038_problem

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