Search found 273 matches

by meowcat
Mon May 16, 2016 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 140
Views: 14308

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and...
by meowcat
Thu May 12, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 140
Views: 14308

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and ...
by meowcat
Wed Apr 13, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2253

Re: Switch to Geico from USAA

How is Geico so much cheaper? As an employee working in the automotive and body repair business for the last 30 years, I can tell you exactly why Geico is so much cheaper. I've worked intimately with Geico's claims adjusters for many, many years. Here's the thing; If all that matters to you is pric...
by meowcat
Fri Mar 25, 2016 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 8512

Re: Best & Worst Financial Decisions?

Worst: Buying too much house 15 years ago.
Best: Selling said house so that DW and I could max out our 401(k)

15 years of too much house nearly killed us.
by meowcat
Fri Mar 04, 2016 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4231

Re: Do You Give Your Friends Investment Advice?

No. What I will do, however, is let them know how I personally invest, and why, and then leave it up to them. This way, there is no "implied" liability on my part. Very effective.
by meowcat
Fri Feb 19, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: One sentence financial rule
Replies: 22
Views: 2998

Re: One sentence financial rule

Cannot people realize how large an income is thrift?

Marcus Tullius Cicero
by meowcat
Thu Feb 11, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 4572

Re: New Washer - Frontload or HE Top Load

Top loader all the way. They are much, much better at getting clothes clean. Speed Queen builds the best and longest lasting washer/dryer on the planet.
by meowcat
Thu Feb 11, 2016 8:00 am
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3013

Re: Are index funds a guaranteed return?

Guaranteed market returns, absolutely, yes. Guaranteed positive returns, no one knows. Actively managed funds have no guarantee, whatsoever.
by meowcat
Fri Jan 29, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 11110

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

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”
James W. Frick
by meowcat
Tue Jan 26, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Should we do what our FA advises?
Replies: 52
Views: 3891

Re: Should we do what our FA advises?

Seriously, this guy is going to end up with more of your money than you will. Not only are he and his funds going to charge you almost 3% in astronomical ongoing fees, he's going to take 75% of your retirement income as well.
by meowcat
Fri Jan 22, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Why Bogle?
Replies: 36
Views: 3642

Re: Why Bogle?

Even the best investment strategies don't offer guarantees, not even Bogles'. What the Bogle strategy *does* do is offer it's investors the greatest odds of reaching your retirement/investment goals.
by meowcat
Thu Jan 14, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 4205

Re: Does a BH play the lottery?

Well, I never buy a ticket but I figure my chances of winning are about the same as those who do buy tickets! So I can dream as much as anyone. :moneybag So funny that you said that. I just recently heard on a talk radio show that the phrase "you can't win if you don't play" is really not...
by meowcat
Tue Oct 27, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: Peanut returns [why not try stock picking?]
Replies: 61
Views: 6473

Re: Peanut returns [why not try stock picking?]

InvestorNewb wrote:
Why not invest in the top stocks of well-known companies that are moving the index? Buy them for 6-12 months and then sell them and buy the next top ones for that year and repeat.

Because the day you buy them they turn cold. Then where would you be?
by meowcat
Thu Jul 30, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 4645

Re: Geico Auto Insurance

GEICO has one goal; to repair your car to "un-crashed" condition, that's it. They will do it as quickly and cheaply as humanly possible. Many top tier body shops in my area refuse to take a GEICO claim because they just won't to pay for a proper repair. Repair time is cut, paint work time ...
by meowcat
Wed Jul 29, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 3257

Re: Need a Piece of Evidence on the Boglehead Strategy

I know there have been some reading recommendations. I thought I'd throw in a video alternative. Though it's not the overall best documentary on the subject, there is a segment at around 23:30 with Jason Zweig followed by John Bogle that gets the point about fees and active management across: http:...
by meowcat
Tue Jul 14, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Drop collision and/or comprehensive insurance?
Replies: 32
Views: 3323

Re: Drop collision and/or comprehensive insurance?

I called my insurance company and asked them to drop comp/collision on my 13 year old car. They said congratulations, you save $9/month. I said "let's keep it".
by meowcat
Mon Jul 13, 2015 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 8518

Re: Where are people putting their investment money if they see a correction coming in US stock market

So, here's what's going to happen: You get out right now and go to cash/cd's/bonds. 1. 6 months later the market continued to rise and you question your decision to sell when you did but still feel that you made the correct choice. 2. Another 6 months go by and the market, again, continues to rise. ...
by meowcat
Tue Jul 07, 2015 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 40
Views: 2037

Re: Advice on Whole Life Insurance as part of retirement portfolio

Chris, one thing we haven't been clear about is the fact that there isn't one person in this thread that as one iota of incentive to steer you away from WL. Nobody on these boards gains a thing regarding your decision. Do you think your insurance salesman has any incentive for you to buy WL? Yea, pr...
by meowcat
Sat Jul 04, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Inspection Question
Replies: 18
Views: 2431

Re: Real Estate Inspection Question

Sellers are not responsible to make repairs after the sale, even if sold "as-is". I take as-is to mean that, yes, my house is in need of repair and I'm not fixing it before I sell it. Of course, my asking price reflects the needed repairs.
by meowcat
Sat Jul 04, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Inspection Question
Replies: 18
Views: 2431

Re: Real Estate Inspection Question

If you're property was priced aggressively to begin with and you took an offer that was $10k below that, I would make note in the negotiations that a non-functioning HVAC was already priced into your listing. My folks are selling their house and downsizing. their house is in need of new carpeting. H...
by meowcat
Mon Jun 15, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 9556

Re: Aren't bogleheads predicting the long term?

I'd like to believe that we're not predicting anything. We simply know and understand where the best odds are and we place our bets there.
by meowcat
Fri Jun 12, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IPhone Financial stuff
Replies: 26
Views: 3421

Re: IPhone Financial stuff

No more or less safe than an ipad or laptop, unless you count the possibility of loss of a smaller device being higher. 4G may be a bit safer than wifi, but financial sites use SSL which would encrypt either way. Loss with cached passwords is the killer. 1) Don't lose it. 2) There are security feat...
by meowcat
Fri Jun 12, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: IPhone Financial stuff
Replies: 26
Views: 3421

Re: IPhone Financial stuff

I never, ever enter any kind of financial user name and password using a public hot spot. That's just asking for trouble.
by meowcat
Thu May 28, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement homes
Replies: 22
Views: 3930

Re: Retirement homes

$5k/month sounds reasonable for the services offered but $550k entry fee?? That sounds a bit absurd, especially for persons nearing the end of their life. If you lose a loved one 6 months into the program does the family get any of that money back?
by meowcat
Wed May 20, 2015 12:04 pm
Forum: Investing - Theory, News & General
Topic: StayTheCourse from a different source
Replies: 2
Views: 649

Re: StayTheCourse from a different source

I don't like the word "average". I think differently than most, I guess. If I begin my investing career in an all indexed portfolio and I'm able to stay the course over the following 40-45 years, I will have beaten the pants off of 90%-95% of all professional money managers. If I win the g...
by meowcat
Mon May 18, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance for Florida Condo High Rise?
Replies: 11
Views: 1721

Re: Flood Insurance for Florida Condo High Rise?

My biggest concern would not be from storm surge as it's highly unlikely to reach 5 stories. Has anybody else seen what kind of destruction can happen from a common plumbing leak, especially in a hi-rise?
by meowcat
Mon May 18, 2015 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 74
Views: 14103

Re: Time to reach 1M and 2M milestones

Contributions also cease to matter. Save 10k/yr and you can get to 100k in 10 years. On the other hand trying to save 1 million dollars at 10k/yr is pretty much impossible . Hardly. If you've got time on your side, say, an entire investing career of 40 years, 1 million is easily reached, even with ...
by meowcat
Thu May 14, 2015 6:01 am
Forum: Investing - Theory, News & General
Topic: [Teens and Investing]
Replies: 17
Views: 1222

Re: [Teens and Investing]

For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long, it's specifically written for people in thier early 20's (they'll be there all too soon). Best of all it's available for free here htt...
by meowcat
Fri May 08, 2015 5:59 am
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 9773

Re: move to cash for upcoming bear market?

You know, the S&P500 has only gone from 1500 points in the year 2000 to 2100 points fifteen years later. That's not much of a gain for that long a period, so what is the reason for this extreme confidence that there is some huge, or even moderate, bear market on the near horizon? Maybe if the S...
by meowcat
Sat May 02, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4841

Re: [How do I lead a discussion about saving for retirement?

Audience: Young, impressionable adults. Topic: Boring, personal finance and retirement planning. I'm sorry but you're going to have to bring some serious fun into this group. Make it funny. Make it memorable. Be witty and charming. Yell, cry, scream. Motivate these guys, don't Ben Stein them to dea...
by meowcat
Thu Apr 30, 2015 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3399

Re: Broke buy quarterly

your right, i love owning companies i love though, i guess i shouldn't mix business with pleasure as they say, i used to want to own all the companies i interacted with all the time, like NFLX, AMZN, GOOG, AAPL, SBUX, TWTR, lol i don't think thats the best idea anymore, I'm wondering though if high...
by meowcat
Wed Apr 29, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3399

Re: Broke buy quarterly

InQuiSiToR_187 wrote:
just saying i would rather choose which stocks i want to hold based on research and company values...

The greatest minds in finance can't beat the market consistently doing this, what makes you think you can?
by meowcat
Wed Apr 29, 2015 6:13 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3399

Re: Broke buy quarterly

DSInvestor, Thank you! i was only looking for in depth opinions from somebody smart, i agree with what you say, thank you so much for that reply to my post... i really came here to ask if DIS is a buy , sell or hold at this point, i have my money in3 different places as of now, i have an online sav...
by meowcat
Fri Apr 24, 2015 7:04 am
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 4166

Re: What is a Boglehead?

Investing Made Simple
by meowcat
Thu Apr 16, 2015 6:56 am
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 6237

Re: How to (diplomatically) challenge wife's active mgmt fun

When I've tried to raise these points before, she's pointed out that her funds' performance has been roughly similar to mine over the past few years, so if my approach is so great, why aren't I doing much better? Maybe others in this thread just missed this but if you're not doing much better than ...
by meowcat
Tue Apr 14, 2015 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: MFs needs better way of reporting performance/returns
Replies: 22
Views: 1544

Re: MFs needs better way of reporting performance/returns

I use an iOS app from Space Age Industries called "compound interest calculator+". I love it and use it constantly. :happy
by meowcat
Mon Mar 30, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 4231

Re: Best Way to Visualize Compounding

How about this;
If Christopher Columbus had invested a single penny in 1492 and it compounded at 9% for 523 years, that single penny would be worth $375,023,448,433,528,640.00 today!!!!!
A little extreme, I know, but it gets the point across.
by meowcat
Fri Mar 27, 2015 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 6450

Re: Can you really know your AA until you've hit a bear mark

I went through the tech bubble in 2000, as well as the financial crisis of 2008/2009, all the while, holding 100% equities. I never touched a thing, just kept contributing. I'll be 52 this year. Does that make me a good investor? Absolutely not! Even *I* know it's not a smart move. On the other hand...
by meowcat
Sun Mar 22, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Book recommendations/advice for my mother
Replies: 6
Views: 807

Re: Book recommendations/advice for my mother

Is there any reason she needs to make any changes at all right now? If not, make sure she knows that. Make sure her financial adviser is not creating an urgency that does not need to exist. Good luck to you. Changes, no, but this needs to be acted upon immediately. This advisor is pushing to her to...
by meowcat
Fri Mar 20, 2015 7:08 am
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 5159

Re: An inspiring message for Bogleheads

sharpjm, what is your problem?
by meowcat
Tue Feb 10, 2015 10:39 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1623
Views: 337592

Re: What Movie Have You Recently Watched?

thenextguy wrote:
Whoa, whoa, whoa! Spoiler alert!
I was gonna watch that tonight! :oops:

I know!! I was going to watch Titanic but somebody told me the ship sinks, is that true? :mrgreen:
by meowcat
Tue Feb 10, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: "What My Daughter Learned From the Stock-Market Crash"
Replies: 13
Views: 3731

Re: "What My Daughter Learned From the Stock-Market Crash"

nedsaid wrote:
My suspicion is that Rick was a good dad and let his daughter keep her stock profits. But it did teach a valuable lesson to not panic in bad markets.


Of course he did. You may recall from the article that his Daughter didn't take the deal. :happy
by meowcat
Fri Feb 06, 2015 9:20 am
Forum: Investing - Theory, News & General
Topic: Fear and investing
Replies: 12
Views: 942

Re: Fear and investing

It helps to have an intimate understanding of the fact that if you're going to invest hard earned money and have any hope of growth beyond inflation, you are going to have to risk losing huge sums of value from time to time. There is no way around that. Invest smart, avoid the fear, (noise) and you'...
by meowcat
Tue Feb 03, 2015 4:35 pm
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 15800

Re: Keurig-cup coffee makers - why?

Also, I think your $ numbers are off. I can get Starbucks k-cups for < $0.40/cup. Green Mountain, Timothy's or other slightly less premium k-cups for $0.30-0.35 per. You can also buy the really cheap coffee kcups for less, but I don't. You can also grind your own beans and put them in a special, re...
by meowcat
Tue Feb 03, 2015 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4876

Re: What exactly is "wealthy?"

That said, anyone bringing in, say, quintuple the median is definitely wealthy by incone measures, and has little excuse for not being wealthy by resource standards if that income stream holds up. Someone with a comfy six figure salary can all look at billionaires and feel poor, and can claim that ...
by meowcat
Thu Jan 29, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 3154

Re: High Expense Funds vs Vanguard: No Difference?

Consider that even to achieve the same return as a lower cost fund, the active manager will have to take more risk to make up for the fee. I don't see that as desirable because I am gaining nothing from this extra risk. Agreed, but i am not sure the extent to which this harms you. $25,000 invested ...
by meowcat
Thu Jan 29, 2015 10:47 am
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 3154

Re: High Expense Funds vs Vanguard: No Difference?

It's been researched to death. Read the Power of Passive Investing by Rick Ferri.
Fact: At 1%, you'll be eating fewer tacos in retirement.
by meowcat
Thu Jan 29, 2015 7:14 am
Forum: Investing - Theory, News & General
Topic: High Expense Funds vs Vanguard: No Difference?
Replies: 37
Views: 3154

Re: High Expense Funds vs Vanguard: No Difference?

Now stretch your six years out to 60 years. (a lifetime of investing) Now compare the costs to Vanguard over the same time period. The difference could possibly be millions. That *was* your money, now it's theirs.
by meowcat
Wed Jan 28, 2015 9:32 am
Forum: Personal Consumer Issues
Topic: Is there a name for this kind of toilet ?
Replies: 13
Views: 1430

Re: Is there a name for this kind of toilet ?

We have them here, at work. Flushmate.
by meowcat
Wed Jan 28, 2015 7:51 am
Forum: Investing - Theory, News & General
Topic: The Biggest Risk
Replies: 18
Views: 2241

Re: The Biggest Risk

Being in 100% equities at 51. It's worked out great, no regrets.

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