Search found 29 matches

by rhornback
Sun Jun 25, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Worth it to attempt repair on A/C condenser?
Replies: 33
Views: 1818

Re: Worth it to attemp repair on A/C condenser?

...Be careful - if the capacitor is working it will be charged and careless tinkering will discharge it, with potentially unfortunate results for adjacent electronic circuitry and humans. ... Very important point above, and just to emphasize, if the capacitor is working at all , even not well enoug...
by rhornback
Thu May 18, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 916084

Re: U.S. stocks in freefall

Tamalak wrote:I feel like, as with forest fires, it's healthy for stocks to have 10% dips on a regular basis to clear out the 'weak money'


+1 I am going to try to remember this.
by rhornback
Thu May 18, 2017 6:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 916084

Re: U.S. stocks in freefall

I've taught my wife to be a good Boglehead who stays the course and doesn't think about market turbulence. I told her that we lost about $60k today with the market decline. She said, "Good, that means we have a lot of money." Good way to think about it. Sounds like she's a smart lady. My ...
by rhornback
Thu May 18, 2017 6:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 916084

I am a buyer at 10% decline

Yesterday the market (I look at the S&P 500) was down I believe around 1.8%.

I have some dry power and a 10 year time horizon. At 10% I am a buyer and every additional 5% down from there.

Here is hoping for an exciting week!

:beer
by rhornback
Tue May 16, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2652

Re: Retirees afraid to spend? (Bloomberg)

It's a manifestation of the alternative gloom & doom facts that these folks see in their daily intake of media. Previous generations were blissfully unaware of unimportant noise and hysteria. +1 This does seems worse than when I grow up (or maybe I was not paying attention then). But yes my par...
by rhornback
Mon May 08, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

I sold all my bonds last week. I'm 95 stock and 5 cash. I could lost half and still live well. Remember I own the S&P, total stock, health fund, primecap and face book. 40+ years of investing I've seen it all. The only this is I'm putting my dividends into cash. I'm 64 I am in a similar situati...
by rhornback
Mon May 08, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...
by rhornback
Mon May 08, 2017 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

I just wanted to jump in and say that I am following this thread with great interest. I'm a bit older, having just turned 50. I have a high paying job that many people can choose to do into their 60s or even 70s if they wish to do so. Many in my profession are able to do fractional levels of work, ...
by rhornback
Sun May 07, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

Thanks artistotelian - I definitely will continue giving it a lot of thought. I'm not at the point of making a decision yet, just trying to inch closer to one. In terms of interest rates, maybe I don't understand bonds as well as I thought I had - my understanding is that my interest amount is lock...
by rhornback
Sun May 07, 2017 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

On a side note, I consider my job (both my wife and I work) as a hedge against both inflation and market drops. Hopefully we will get wage increases during times of inflation. And if the market takes a tumble I am assuming we can live off one salary until it recovers. I am assuming a 10 year worst ...
by rhornback
Sun May 07, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

One thing that I do not see being discussed here, or that much on Bogleheads.org when it comes to asset allocation is the possibility of dividend paying stocks which IMO provide a middle ground between stocks and bonds. Specifically the vanguard high dividend yield mutual fund. The last time I check...
by rhornback
Sun May 07, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

One thing I want to add is that bonds can get clobbered during times of high inflation. If the bond pays 3% and inflation goes to 5% the value of the bond goes down. I do not consider bonds risk free investments. At risk of sounding smug, I feel it has been so long since we have had hyper inflation...
by rhornback
Sun May 07, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6437

Re: Solid justification for including all stocks & NO bonds?

One thing I want to add is that bonds can get clobbered during times of high inflation. If the bond pays 3% and inflation goes to 5% the value of the bond goes down. I do not consider bonds risk free investments. At risk of sounding smug, I feel it has been so long since we have had hyper inflation ...
by rhornback
Fri Apr 07, 2017 6:50 am
Forum: Investing - Theory, News & General
Topic: Syria: maybe the market will take a tumble today
Replies: 11
Views: 1362

Re: Syria: maybe the market will take a tumble today

The stock market hates uncertainty. With the risk of appearing to be a troll: A 10% correction would be nice. I got some dry powder and I am in a buying mood. I guess I am not above buying from somebody else's suffering... Should be an interesting ride today (at least I hope so). Looking here: http...
by rhornback
Fri Apr 07, 2017 5:32 am
Forum: Investing - Theory, News & General
Topic: Syria: maybe the market will take a tumble today
Replies: 11
Views: 1362

Syria: maybe the market will take a tumble today

The stock market hates uncertainty.

With the risk of appearing to be a troll: A 10% correction would be nice. I got some dry powder and I am in a buying mood.

I guess I am not above buying from somebody else's suffering...

Should be an interesting ride today (at least I hope so).
by rhornback
Wed Apr 05, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 6226

Re: Manufactured Spending - is it illegal, or otherwise "bad?"

Sometimes I prepay my comcast internet bill for 6 months in order to make the spending limit to get a credit card bonus. You might try that. Works with almost all utilities: phone, internet, cable, gas, electric. They are happy to get your money in advance.
by rhornback
Mon Mar 20, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 43
Views: 3593

Re: Best place to get eyeglasses / no vision insurance

The expensive, careful, experienced optician teamed with my optometrist of 25-30 years in the same office. I tried Lenscrafters a few times during about a 10 year period, and had several bad experiences ranging from mis-grinding the lenses, to egregiously bad advice about lens material in response ...
by rhornback
Mon Mar 20, 2017 12:24 am
Forum: Personal Consumer Issues
Topic: Best place to get eyeglasses / no vision insurance
Replies: 43
Views: 3593

Re: Best place to get eyeglasses / no vision insurance

Just got a couple pair form Walmart, Nikon lens Titanium frame 20% off 2nd pair. 1st pair priced very very reasonable. :happy I second this. I got a pair for my daughter last summer which turned out to be 1/2 the cost of visionworks or sears. This came with a mid line lens which I think had non ref...
by rhornback
Sun Mar 19, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

rhornback wrote: I am not expecting to need the equities for 10 years. What will you need the equity for in 10 years? If it's for retirement spending, then you have to be careful of a bad sequence of events, meaning you probably do not want to be 80% equity and experience a big market drop when nea...
by rhornback
Sun Mar 19, 2017 6:00 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

I assume most on this board are aware of the rule of 72. Basically you take your investment return percentage times the number of years. You double your money when they equal 72. So if you made 7% on your money in 10 years, you should double your money. Or at 10% it would be 7 years. At least theore...
by rhornback
Sun Mar 19, 2017 5:52 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

One of the ironic reasons of not making large changes even with the overlap is I do not want to incur large capital gains taxes. This is a typical situation in taxable space. One thing you can do is direct all distributions to the fund(s) you wish to increase in allocation. This is also very good a...
by rhornback
Sun Mar 19, 2017 5:50 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

OP, If you really mean that the college money is in cash, have you looked at tax breaks for contributing to a 529 in your state? In our state, we can deduct however much we contribute to the 529, which can be a several percent savings, which probably beats a CD's rate. I live in Illinois where my t...
by rhornback
Sat Mar 18, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

I'll take the bait and say that you're just a LITTLE bit of an idiot. :wink: First, a middle-of-the-road, not-too-conservative/not-too-aggressive asset allocation for you at age 48 would be 62/38 stocks/safe assets, using an "age-minus-10" rule that is popular here. If your question had b...
by rhornback
Sat Mar 18, 2017 6:39 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

Thank you to the poster who indicated I may be over-allocated is Health Care due to the 500 index and Primecap. And due to vtclx and vtsax. It is not hurting you to own vfiax, vtclx, and vtsax together, but vtclx corresponds to roughly 90% of the largest holdings of vtsax, and vfiax corresponds to ...
by rhornback
Fri Mar 17, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

Interesting that you are willing to borrow at 3.5% mortgage yet are unwilling to lend anyone at 1% ?! Presumably you are comfortable having your cash at a bank, or two banks. Why not just saunter over to their local branches and place the cash in CDs? Because I feel the interest rate is not high en...
by rhornback
Fri Mar 17, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

OP, If you really mean that the college money is in cash, have you looked at tax breaks for contributing to a 529 in your state? In our state, we can deduct however much we contribute to the 529, which can be a several percent savings, which probably beats a CD's rate. I live in Illinois where my t...
by rhornback
Fri Mar 17, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

With regard to 80% stocks, that seems like a lot to me, and it's the place I'd raise the biggest question. During 2008-2009 were you 80% in stocks and did you have a lot of very serious money, hard-earned and hard-saved, that got cut in half? You say you are "not expecting to need the equities...
by rhornback
Fri Mar 17, 2017 5:23 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

Re: I am in US equities and cash. Am I an idiot?

Thanks for everyone's replies. Food for thought. I looked at Vanguard's site and I am about 80% in stocks and 20% in cash. I am not very good at investing my cash. It is at TD Ameritrade and 5/3 Bank. I am sure I am earning less than 1%. I have been dollar cost averaging some of my cash into vanguar...
by rhornback
Thu Mar 16, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: I am in US equities and cash. Am I an idiot?
Replies: 43
Views: 5173

I am in US equities and cash. Am I an idiot?

I guess I am welcoming myself up to criticism with a subject like this. I am in US equities, overweight in large caps, and the rest in cash. My cash cushion is maybe 20% of my portfolio. I am not expecting to need the equities for 10 years. As indicated I am mostly in U.S. large caps. Vanguard: S&am...

Go to advanced search