Search found 2085 matches

by michaeljc70
Wed Jan 17, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 215
Views: 22772

Re: Hitting The Sell Button

Thought I'd add this I just came across: "Why ditching stocks in this bull market is a ‘dangerous’ move" https://www.marketwatch.com/story/dont-ditch-the-bull-market-its-dangerous-to-be-out-of-stocks-top-uk-fund-manager-says-2018-01-16 “The last two years of the bull markets are the best,” he said. ...
by michaeljc70
Wed Jan 17, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

About 0.03% of umbrella policies make a claim every year, and the average loss is about $500,000. If you drive from age 20 to age 80, then your lifetime risk of making an umbrella claim is about 2.1%. (85% of the umbrella premium goes to pay for excess auto liability.) This is also borne out by the...
by michaeljc70
Wed Jan 17, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

I will confess, I should have one but don't. I got a quote a while ago and it was pretty high I thought (maybe $350 for $1M). I haven't been with my insurance company that long so I really don't want to change. Maybe I will put it all out to quote again. The fact that I haven't gotten the umbrella ...
by michaeljc70
Wed Jan 17, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

I will confess, I should have one but don't. I got a quote a while ago and it was pretty high I thought (maybe $350 for $1M). I haven't been with my insurance company that long so I really don't want to change. Maybe I will put it all out to quote again. The fact that I haven't gotten the umbrella ...
by michaeljc70
Wed Jan 17, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

I will confess, I should have one but don't. I got a quote a while ago and it was pretty high I thought (maybe $350 for $1M). I haven't been with my insurance company that long so I really don't want to change. Maybe I will put it all out to quote again. The fact that I haven't gotten the umbrella y...
by michaeljc70
Wed Jan 17, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 25
Views: 1458

Re: Need to buy new printer. Suggestions for best value?

After having many other brands and them going out after 1-2 years, I've had good luck with Brother. I've also had good luck with non OEM cartridges on Amazon that cost around $10 for a set of 4. If you don't print a lot (which I don't), I've found printing something once a month will help keep the c...
by michaeljc70
Tue Jan 16, 2018 11:48 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3248
Views: 943348

Re: What Movie Have You Recently Watched?

I'd like to recommend an HBO series Big Little Lies . I was skeptical of this series at first because it seemed like one of those "rich people problems" shows, which is sort of accurate, but it really drew me in and I binged watched all 7 episodes of season one this weekend. Top notch cast, pace, a...
by michaeljc70
Tue Jan 16, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 99
Views: 5990

Re: Hot Water Delay at faucet/shower far from water heater

I think that water taking more than 1-2 minutes to be hot is showing that something may be wrong or extremely poorly thought out with the plumbing. I have either 1/2 or 3/4 copper running at most 25-30 feet from the water heater. I haven't timed the hot water to the farthest stretch, but I would gu...
by michaeljc70
Tue Jan 16, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2444

Re: Do people in the forum hold foreign bonds?

Yes. I keep 25% of my fixed income in international bonds (VTIBX). It is probably not enough of my portfolio to make a difference, but it is also not a lot of effort to hold it. There will be a time in my lifetime when the US is no longer the largest economy.
by michaeljc70
Tue Jan 16, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Besides Bogleheads, What Are Your Favorite Forums?
Replies: 87
Views: 8413

Re: Besides Bogleheads, What Are Your Favorite Forums?

If I hit a wall when doing anything around the house, I go to the forums at doityourself.com.
by michaeljc70
Mon Jan 15, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage pay down? (vs credit score & near-term move)
Replies: 6
Views: 416

Re: mortgage pay down? (vs credit score & near-term move)

I wouldn't worry about your credit being impacted by paying off the mortgage if your credit is good. My Mother hasn't had a mortgage in 25 years and has a Fico over 800. Also, the paid off mortgage won't disappear from your credit report.
by michaeljc70
Mon Jan 15, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 99
Views: 5990

Re: Hot Water Delay at faucet/shower far from water heater

Couple of tips: Don't turn on the cold water when trying to get hot. Faucets are flow-limited, so turning full-on cold/hot taps will take approximately twice as long to heat up as the hot-only tap on. Same with the shower - turn all the way to hot for fastest heat up. On that note, all plumbing fix...
by michaeljc70
Sun Jan 14, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2099

Re: Do you correct cashier mistakes?

I don't view it as my responsibility to police megacorp and its employees for their benefit. I've experienced terrible customer service dozens of times in the last year from these big companies and have no sympathy for them. If I was dealing with a small business or individual, it is different to me...
by michaeljc70
Sun Jan 14, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Favorite Deal Aggregation site?
Replies: 7
Views: 699

Re: Favorite Deal Aggregation site?

I love Slickdeals, but I stay away from the Front Page deals. As you said, there is a lot of sponsoring that goes on there. The best place to find true deals is their Hot Deals forum. If you get lucky, you'll get in on great deals before they hit the front page. Yep. Way too many credit card "deals...
by michaeljc70
Sun Jan 14, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4344

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

At 55 I was at work FedEx. As I was loading my truck something went in my hip. Missed 6 months Dr. said I had to go back to work. I could not. Here the choice work and be in pain 24hr a day or be done. If I had debt a car loan, house loan I would have been in very bad shape. I could not get SS beca...
by michaeljc70
Sun Jan 14, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Revised
Replies: 15
Views: 974

Re: Asset Allocation Revised

If you don't like risk, isn't diversification a good thing? What if we enter a period of high inflation? How will your portfolio perform? I think 35% is fine. But if you really aren't comfortable with it, don't do it. There are a lot of different types of risk. It seems you may be subject to inflati...
by michaeljc70
Sun Jan 14, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3157

Re: Firing real estate agent after offer made?

The time to fire him was before he showed you a house you wanted. You are stuck now. He will get his money and no one else is going to do the work for free. You can try talking to the broker, but I doubt that will help.
by michaeljc70
Sun Jan 14, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2099

Re: Do you correct cashier mistakes?

I guess I'll be the odd man out and so no, I don't always. There are many times when I get home and look at a receipt and notice I didn't get the sale price or was charged for two items when I only bought one and it is too much trouble to go back to the store. So when they make a mistake the other w...
by michaeljc70
Sun Jan 14, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: Favorite Deal Aggregation site?
Replies: 7
Views: 699

Re: Favorite Deal Aggregation site?

I check dealsofamerica.com and techbargains.com daily (actually usually more than once a day). I've found them to be among the better.
by michaeljc70
Sun Jan 14, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4344

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

You need to look at the opportunity costs. It seems you are only looking at half the equation. What else can the money to pay off the debt be used for (401k match, IRA, savings, etc)?
by michaeljc70
Sat Jan 13, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7657

Re: Heading for a top?

Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you mentioned? 1974, or 1981, and 2002, or 2009? How did cash or bonds perform relatively, and on a risk adjusted basis? What were CAGRs from 1958-1981 or 1991-2009? Without cherry-picki...
by michaeljc70
Sat Jan 13, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 215
Views: 22772

Re: Hitting The Sell Button

Age and experience have increased my risk tolerance. Having been through ‘87 in my late 20s, then 2000-1, and 2008, I see that I lost no money. In all cases, I closed my eyes for a few years and found I’d made a lot of money. Dips and crashes are to be expected. I don’t much enjoy them, but endurin...
by michaeljc70
Sat Jan 13, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 60
Views: 9127

Re: How much Umbrella Insurance coverage needed?

I was struggling with this issue recently, because my wife got in several fender benders and we got kicked off our umbrella liability. During my research on what to do, I came across this thread, and several others in which people pointed out that its hard to come up with a meaningful rule for how ...
by michaeljc70
Sat Jan 13, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 315
Views: 22896

Re: What frugal thing did you do today?

I purchased an Instant Pot on Amazon after reading the Instant Pot thread on Bogelheads. I used my Amazon Prime Card and saved 5%, plus I saved $10 by signing up for the automatic reloading of my gift card. So , I did spend money but got a $15 discount. You'll save money using the Instant Pot since...
by michaeljc70
Sat Jan 13, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7657

Re: Heading for a top?

Though I don't believe in market timing, I have wondered if there are any good strategies that modestly shift AA based on market/economic indicator(s). For example, you always have an AA between 60/40 and 40/60 and shift it based on some predetermined indicator (CAPE, PE, etc). Maybe too modest to ...
by michaeljc70
Sat Jan 13, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2376
Views: 439721

Re: What's Your Credit Card Rewards Strategy?

I'm cheap and work credit card rewards (more for bonuses than cashback), but I don't know if it is worth the trouble to me to buy $1500 in gift cards I don't really need for a $75 reward. I buy restaurant gift cards around the holidays and often get a 20-25% bonus. I also buy them on resale sites an...
by michaeljc70
Sat Jan 13, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7657

Re: Heading for a top?

Though I don't believe in market timing, I have wondered if there are any good strategies that modestly shift AA based on market/economic indicator(s). For example, you always have an AA between 60/40 and 40/60 and shift it based on some predetermined indicator (CAPE, PE, etc). Maybe too modest to m...
by michaeljc70
Fri Jan 12, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1694

Re: Underwater 4-5k in vehicle.

Nope, only put down $3K and got a great deal on our brand-new Forester. Subarus keep their value and we were never underwater and have had more than $3K equity in the car (we also had a 1.2% loan which we overpaid every month). According to Edmunds, a 2017 Forester will lose $11k in depreciation ou...
by michaeljc70
Fri Jan 12, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1694

Re: Underwater 4-5k in vehicle.

Isn't everybody (with a car loan) underwater the moment they leave the dealership parking lot ? Nope, only put down $3K and got a great deal on our brand-new Forester. Subarus keep their value and we were never underwater and have had more than $3K equity in the car (we also had a 1.2% loan which w...
by michaeljc70
Fri Jan 12, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1694

Re: Underwater 4-5k in vehicle.

Isn't everybody (with a car loan) underwater the moment they leave the dealership parking lot ? Nope, only put down $3K and got a great deal on our brand-new Forester. Subarus keep their value and we were never underwater and have had more than $3K equity in the car (we also had a 1.2% loan which w...
by michaeljc70
Fri Jan 12, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Underwater 4-5k in vehicle.
Replies: 29
Views: 1694

Re: Underwater 4-5k in vehicle.

There's no magic here. New cars are expensive and depreciate quickly. You can sell it yourself, and depending on the make/model/year it might be easy. I had a friend that couldn't practically give away a perfect condition Mercedes on Craigslist. That won't bridge the gap, but might halve it. Where I...
by michaeljc70
Fri Jan 12, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2394

Re: House water detection and alert system?

I've been using the following device for remote monitoring of a home: http://www.waterheroinc.com/home/ It allows you to monitor water flow from your main line into the home remotely. One can manually remotely shut off the water supply, and it has email/phone alerts and ability for the main valve t...
by michaeljc70
Thu Jan 11, 2018 11:49 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2394

Re: House water detection and alert system?

People have mentioned the major things including the powered shut-off valve. However, assuming you don't have a tiny house, it occurs to me that unless you are putting sensors all over the place there could be significant damage before a sensor picks up the water. Practically, I think those are mor...
by michaeljc70
Thu Jan 11, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: How do you define middle class? Which class do you consider yourself in?
Replies: 23
Views: 2119

Re: How do you define middle class? Which class do you consider yourself in?

Personally, I see no merit in talking about "class". Everybody either thinks they are "poor" or "middle class". Even people in the top 1% of income say they are "middle class". It makes way more sense to simply use the terms: Lower income - bottom quintile Middle income - 2nd, 3rd, and 4th quintile...
by michaeljc70
Thu Jan 11, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2376
Views: 439721

Re: What's Your Credit Card Rewards Strategy?

Chase Freedom includes internet/cable/phone services this quarter. Is there any reason not to prepay $1500 today on those? Well, that is paying quite some time in advance -- what if you want to change providers? My plan is to use Chase Freedom for gas until March, then see where I'm at and do at le...
by michaeljc70
Thu Jan 11, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: How do you time the market when you have to?
Replies: 14
Views: 929

Re: How do you time the market when you have to?

Op, The scenario you present is not one in which market timing is “necessary.” Just roll the funds over in immediately invest them in your desired allocation. JT It is timing, in that I had to TIME when I started the rollover. As stated, the funds had to be liquidated, and the money is out of the m...
by michaeljc70
Thu Jan 11, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to downsize but still too much stuff
Replies: 57
Views: 4974

Re: Trying to downsize but still too much stuff

Having been in this situation and looking at your list: -3 boxes of personal papers. I am not sure exactly what that is, but cannot most of that be scanned in and stored in the cloud or on a USB drive or DVD? -5 boxes of sentimental things out of 18 seems like a lot. If some are photos, can they be ...
by michaeljc70
Thu Jan 11, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2394

Re: House water detection and alert system?

People have mentioned the major things including the powered shut-off valve. However, assuming you don't have a tiny house, it occurs to me that unless you are putting sensors all over the place there could be significant damage before a sensor picks up the water. Practically, I think those are more...
by michaeljc70
Wed Jan 10, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

Did a bunch of folks skip over my example of a 3 year old being injured that resulted in a $4MM settlement? The liability costs aren't for injuring rock stars and doctors, it's the cost of long term care. Sorry to be morbid, but the survival rates have much improved, but the medical costs have also...
by michaeljc70
Wed Jan 10, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

Did a bunch of folks skip over my example of a 3 year old being injured that resulted in a $4MM settlement? The liability costs aren't for injuring rock stars and doctors, it's the cost of long term care. Sorry to be morbid, but the survival rates have much improved, but the medical costs have also...
by michaeljc70
Wed Jan 10, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

I think it's also a matter of whether the upgrades are truly necessary, or more of a preference. For example, is the kitchen in awful shape and clearly needs to be remodeled? Or, is the kitchen fine but has an outdated look to it? It's one thing if the house clearly *needs* work, and another if may...
by michaeljc70
Wed Jan 10, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

So right now I am paying $440 on a $2mm umbrella from State Farm. If I move my insurance over to a new company I could pay $340 on a $2mm or $410 on a $3mm. Would you guys pocket the $100 savings (I am also going to save about $250 additional on Homeowners) and leave umbrella the same or would you ...
by michaeljc70
Wed Jan 10, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

I don't see an issue with low balling an offer. There is a difference between a low ball offer and one that has almost zero chance of being accepted. Getting something like 10% (50k) is in the realm of possiblity. Getting 20%(100k) isn't in most normal cases. Even if that is actually the right pric...
by michaeljc70
Wed Jan 10, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 188
Views: 21072

Re: Do you have an umbrella policy?

It costs so little because the insurance companies have to pay only extremely rarely on these... Some umbrella (say, $2M) makes sense, but the question is if it ever happens in the real world that people (individuals, not trucking companies or similar) lose personal assets due to a traffic accident...
by michaeljc70
Wed Jan 10, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

I don't see an issue with low balling an offer. However, if you have no estimates and haven't done this kind of thing (major remodel) before, it seems pretty risky. What if it really is going to be $150k to do the things you want to? How are you going to live through the remodel or is the house goin...
by michaeljc70
Tue Jan 09, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: Large Purchase / Chase Sapphire Question
Replies: 21
Views: 1562

Re: Large Purchase / Chase Sapphire Question

CSR all the way. You earn another 5500 UR on your $5500 travel purchase with CSP which covers the difference in fees at least for the first year. Also at the beginning of your 2nd year you can earn another $300 travel credit within 30 days then downgrade the card if you want. So you pay $450 annual...
by michaeljc70
Tue Jan 09, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17614

Re: Memo to those who have won the game: it's time to quit playing

Assuming you aren't making AA changed just due to perceived high valuations, are people worried abut moving money into bonds now? With rising interest rates it just doesn't seem like that it is an ideal time to do that either. I know, given enough time, you'll be fine, but the same thing can be said...
by michaeljc70
Tue Jan 09, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17614

Re: Memo to those who have won the game: it's time to quit playing

Bastiat wrote: Those who have won the game should be adjusting their allocation based on their IPS and their willingness, ability, and need to take risk - not whatever you or the CAPE says. I don't know if you think you're helping people by encouraging them to go online tomorrow and unthinkingly "g...
by michaeljc70
Tue Jan 09, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 3662

Re: Best Phone Plan for 1 person

Does anyone know what the taxes and surcharges are for Xfinity Mobile? I used to have their TV service and just loved all of those extra fees each month. It's based on your state and local taxes. From what I have researched it seems between $2-4. Not sure if that is per line though. The tax and fee...
by michaeljc70
Tue Jan 09, 2018 12:50 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 155
Views: 15230

Re: Anyone disenchanted with retirement?

I have to think that the "data" is biased as people that live to work usually don't retire.