Search found 201 matches

by PrettyCoolWorkshop
Tue Apr 14, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Senators still Underperform When Stock-Picking
Replies: 1
Views: 331

Senators still Underperform When Stock-Picking

Per the academic paper abstract here: https://www.nber.org/papers/w26975#fromrss Notably "Stocks purchased by senators on average slightly underperform stocks in the same industry and size..." is interesting to me. Even with access to a certain amount of privileged information, senators still have n...
by PrettyCoolWorkshop
Mon Mar 09, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: The Liquidity Trap
Replies: 0
Views: 293

The Liquidity Trap

In light of currently low and falling bond yields, I thought it would be good to post about the liquidity trap. It is theoretically (per wikipedia): a situation, described in Keynesian economics, in which, "after the rate of interest has fallen to a certain level, liquidity preference may become vir...
by PrettyCoolWorkshop
Fri Feb 21, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a college student save for when he graduates?
Replies: 14
Views: 1141

Re: How much should a college student save for when he graduates?

Probably oughta have $5k in the bank to cover an "oh crap" moment on top of security deposits, etc when you move. Amounts larger than this are gravy; amounts smaller than this are stressful.
by PrettyCoolWorkshop
Thu Feb 20, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: "The "Everything Rally" Continues - Will this end badly?
Replies: 144
Views: 13396

Re: "The "Everything Rally" Continues - Will this end badly?

See that drop that just happened 10 minutes ago? Down about .8% now. You guys spooked the market! Please stop, don't need this spookiness today.
by PrettyCoolWorkshop
Thu Feb 20, 2020 7:38 am
Forum: Personal Consumer Issues
Topic: Pet Peeve: Bar Keeper's Friend Clumping
Replies: 15
Views: 1873

Re: Pet Peeve: Bar Keeper's Friend Clumping

I really like the parmesan cheese container idea.
by PrettyCoolWorkshop
Mon Feb 03, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategy for Divorced Mother
Replies: 7
Views: 828

Re: Social Security Strategy for Divorced Mother

Thanks, folks, this is just the sort of information I was looking for.
by PrettyCoolWorkshop
Mon Feb 03, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Strategy for Divorced Mother
Replies: 7
Views: 828

Social Security Strategy for Divorced Mother

Howdy again Bogleheads. I'm power of attorney for my mother, and she is coming up on the age of 62 pretty soon. I have tried to research the best social security strategy for her and I have come up short on information. Please help me advise on this matter. Her situation: She and my father are divor...
by PrettyCoolWorkshop
Wed Jan 08, 2020 8:55 am
Forum: Personal Consumer Issues
Topic: Firm mattress recommendations
Replies: 37
Views: 2183

Re: Firm mattress recommendations

My experience: I bought a very simple firm Haugesund mattress from IKEA. I did this knowing that it would likely feel too firm once I tried it for a while. This ended up being true, and I then added a memory foam mattress topper. If/When the mattress topper wears out, we can replace it inexpensively...
by PrettyCoolWorkshop
Tue Dec 17, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to “file” a Sole Proprietorship?
Replies: 14
Views: 583

Re: How to “file” a Sole Proprietorship?

How does an independent contractor establish themselves as a sole proprietorship? Is there a form to fill out? It seems to me that most posters have not answered this question. So: -In most states in the U.S, you can file with your county register of deeds to get an "Assumed Business Name." Also kn...
by PrettyCoolWorkshop
Mon Dec 02, 2019 8:08 am
Forum: Investing - Theory, News & General
Topic: How to Understand Bond ETF Long Term Returns
Replies: 3
Views: 273

How to Understand Bond ETF Long Term Returns

Howdy Bogleheads. I've got 2 questions about the long term returns of bond funds. For our example, let's look at BLV (https://investor.vanguard.com/etf/profile/BLV). A naive investor might expect the total return graph would be a shallow exponential growth curve. In reality, when you look at the gra...
by PrettyCoolWorkshop
Mon Oct 28, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Popeyes Chicken Sandwich [is it a good value]
Replies: 40
Views: 2635

Re: Popeyes Chicken Sandwich [is it a good value]

Last I checked, the sandwich had a P/E (poultry/eating) ratio approaching 1.00. Almost every sandwich produced has been eaten.

The technicals here show a strong value.
by PrettyCoolWorkshop
Fri Oct 18, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: Key Ring
Replies: 11
Views: 1607

Re: Key Ring

Buy this 5-pack, wait 2 months for shipping, then enjoy them.

https://www.ebay.com/itm/5PCS-Stainless ... I&LH_BIN=1
by PrettyCoolWorkshop
Wed Oct 16, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Mediate or Arbitrate?
Replies: 13
Views: 1826

Re: Mediate or Arbitrate?

Wow, thanks for the update. I'm curious, how much did the GC try to charge you for all the work that was done?
by PrettyCoolWorkshop
Fri Oct 11, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Seiko Watch
Replies: 37
Views: 4250

Re: Seiko Watch

I would say that they are identical for most people, the solar charging is mostly a vanity feature. That being said, most features on watches are vanity features. Go for the solar, it's got better features at a lower price. You may appreciate the solar more if you get it wet often- after changing my...
by PrettyCoolWorkshop
Tue Oct 08, 2019 2:09 pm
Forum: Personal Investments
Topic: Gnarly defaulted Puerto Rico muni bond cost basis question
Replies: 3
Views: 650

Re: Gnarly defaulted Puerto Rico muni bond cost basis question

It is unclear to me whether the 38 cent payment represented 100% of the payments the insurer intends to pay. Could you clarify this? (My thinking is that) if the insurer intends to eventually make the bondholders 100% whole,38% whole, or, for example, 60% whole, your tax question's answer will be di...
by PrettyCoolWorkshop
Fri Aug 23, 2019 7:00 am
Forum: Personal Consumer Issues
Topic: RE-OPENED for Good LightRoom Equivs: Best FOSS for Video Production, Audio Production, Photo Editing, and Office Suites?
Replies: 19
Views: 1500

Re: Best FOSS for Video Production, Audio Production, Photo Editing, and Office Suites?

I second Audacity for being an excellent audio editor. Free. I second GIMP for being an excellent photo editor. Free. Paint.net is another excellent photo editor. It is more lightweight/ less capable than GIMP, but still very capable. Free. Inkscape is an excellent vector graphics editor (to compare...
by PrettyCoolWorkshop
Fri Aug 16, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

A Thursday evening filing with the SEC revealed that Culp bought 252,200 shares for about $7.93 each. Culp has roughly doubled his holding of GE shares this week, according to the filing. I'm more alarmed the CEO of GE only had $2m worth of stock before yesterday. Per, I think, this morning's WSJ, ...
by PrettyCoolWorkshop
Fri Aug 16, 2019 9:50 am
Forum: Investing - Theory, News & General
Topic: Any retired person have stocks and cash I was thinking about a 70/30
Replies: 61
Views: 5242

Re: I live a frugal life. I have 37 years annual expenses. What allocation would you pick? Age 50 Retired

[replies from the OP's duplicate topic were merged into this thread - moderator prudent]

Assuming you live in the US, I would recommend 30% US Total Stock Market Index, 30% World Ex US Total Stock Market Index, and 40% US Gov't Bond Index.
by PrettyCoolWorkshop
Thu Aug 15, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

There are so many laws about insider trading and other things involved with knowledge about how a stock could go. How could it be legal for a company to take a short position and then publish information that might make the stock tank? I believe that there is a fairly large amount of case law about...
by PrettyCoolWorkshop
Thu Aug 15, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

I do not have much to add to the story, more info is at the link below. https://www.cnbc.com/2019/08/15/ge-shares-drop-after-madoff-whistleblower-harry-markopolos-raises-red-flags-on-its-accounting.html The guy that did the whistleblowing is an interesting fellow- he is a forensic accountant. His c...
by PrettyCoolWorkshop
Thu Aug 15, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

I do not have much to add to the story, more info is at the link below. https://www.cnbc.com/2019/08/15/ge-shares-drop-after-madoff-whistleblower-harry-markopolos-raises-red-flags-on-its-accounting.html The guy that did the whistleblowing is an interesting fellow- he is a forensic accountant. His cl...
by PrettyCoolWorkshop
Tue Aug 06, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Calibrating your Confidence and Why It Matters for Investing
Replies: 9
Views: 941

Re: Calibrating your Confidence and Why It Matters for Investing

I am not sure I agree with this assessment. In fact, I have been a highly "confident" investor my whole life and consider myself a Boglehead. I am highly confident that over the extremely long term stocks will outperform bonds. So far, so good. Highly active traders very often have the same exact l...
by PrettyCoolWorkshop
Mon Aug 05, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: Calibrating your Confidence and Why It Matters for Investing
Replies: 9
Views: 941

Calibrating your Confidence and Why It Matters for Investing

You may or may not have heard of the concept of "calibrating your confidence." It is a formal process to determine whether you successfully predict outcomes of events in proportion to how likely you believe these outcomes to occur. On another level, it also lets you know whether your model of the wo...
by PrettyCoolWorkshop
Fri Jul 26, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Equifax settlement: how to file claim?
Replies: 156
Views: 15497

Re: Equifax Settlement Claims

I imagine that capital one's free CreditWise service counts as "credit monitoring" by whatever criteria the settlement defines it by. It would be good to know for sure though.
by PrettyCoolWorkshop
Fri Jul 12, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: A good name for a donor advised fund
Replies: 25
Views: 2625

Re: A good name for a donor advised fund

I sat here thinking about what to say, and "The Altruistish Fund" made me chuckle.
by PrettyCoolWorkshop
Wed Jul 10, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5705
Views: 487164

Re: S&P 500 hit 3,000 today

Today I will celebrate by eating 2 peanut butter sandwiches, not just 1.
by PrettyCoolWorkshop
Tue Jul 09, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 130
Views: 11126

Re: Buying a Smoker

I do not have direct experience with a smoker, but I basically smoke chicken legs when I grill them on my weber kettle charcoal grill. Grilling at 250°F for 2 to 2.5 hours is basically smoking. So for folks that want to experiment, and who already own a charcoal grill, start by playing around with l...
by PrettyCoolWorkshop
Wed Jun 19, 2019 8:37 am
Forum: Personal Consumer Issues
Topic: Bandaid that doesn't absorb medicine?
Replies: 9
Views: 814

Re: Bandaid that doesn't absorb medicine?

I can also vouch for tegaderm. I got sent home with extra tegaderm after a doctor visit a few years ago, and I've been using it for medium and large wounds ever since then. Great stuff.

Does anybody know of a cheaper off-brand name for the same sort of stuff? I'll need to re-up my supply soon.
by PrettyCoolWorkshop
Wed Jun 12, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23306

Re: "Help Is Almost Here for Retirement Savers"

Compare that with the current system, under which Americans with individual accounts must currently decide how to invest their retirement savings as they are accumulating them. That was an insane idea. Why did we turn ordinary Americans into money managers, burdened with the task of figuring out wh...
by PrettyCoolWorkshop
Wed Jun 05, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: How do you talk to investment advisors socially?
Replies: 31
Views: 2321

Re: How do you talk to investment advisors socially?

I met an investment advisor while my wife and I were flying on a plane to the Berkshire Hathaway Shareholders Meeting, which he also happened to be attending. Considering the nature of the event, we were both able to size each other up pretty quick, and that helped a lot. It was very funny some of t...
by PrettyCoolWorkshop
Mon Jun 03, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Reliable Wireless Mouse?
Replies: 31
Views: 1747

Re: Reliable Wireless Mouse?

I think all mice have an good chance of randomly dying. The best way to guarantee reliability is to buy a mouse that is made by the millions. Also, the M310 can be had for <$10, so just grab a couple of them and let them die randomly for the next decade-and-a-half. https://www.ebay.com/sch/i.html?_f...
by PrettyCoolWorkshop
Fri May 31, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Your thoughts on a hydrid CS-design degree
Replies: 5
Views: 455

Re: Your thoughts on a hydrid CS-design degree

If he is at all enamored with video game design, it may be worth informing him that drones of lowly-paid programmers slave away at video games, and accept low pay because of the idea that it is their passion; and if he wants to be an indie developer, it is a high stakes game where 99% of them fail t...
by PrettyCoolWorkshop
Fri May 31, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Chipped windshield getting worse
Replies: 16
Views: 973

Re: Chipped windshield getting worse

For future reference, you can get an easy DIY kit to fix a small chip yourself. Costs about $12 at the usual auto parts stores, and can fix a star or bullseye up to 1.25 inches in diameter. I did this myself the other week and had good results. Most importantly it prevents spreading. I would even be...
by PrettyCoolWorkshop
Mon May 20, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Wiper blade replacement
Replies: 30
Views: 2911

Re: Wiper blade replacement

You can still get the rubber refills. I recommend rockauto.com or ebay.

You have to have the whippletree-style wipers that look like this. You can buy these in many places if you look. https://i.imgur.com/YhF1oQ1.jpg
by PrettyCoolWorkshop
Wed May 01, 2019 6:45 pm
Forum: Personal Investments
Topic: Berkshire Hathaway Annual Meeting - Anyone Going?
Replies: 16
Views: 3260

Re: Berkshire Hathaway Annual Meeting - Anyone Going?

I'll be traveling with one of my friends whose investment philosophy is much more similar to a day trader than a boglehead. You may be able to convert him :)
by PrettyCoolWorkshop
Mon Apr 29, 2019 11:24 am
Forum: Personal Investments
Topic: Berkshire Hathaway Annual Meeting - Anyone Going?
Replies: 16
Views: 3260

Re: Berkshire Hathaway Annual Meeting - Anyone Going?

I am reviving this thread to hopefully see if anybody around here is going this year.

I'm going and would be glad to hang out with some Bogleheads who are in attendance.
by PrettyCoolWorkshop
Wed Apr 17, 2019 3:03 pm
Forum: Personal Investments
Topic: 61 days holding period for qualified dividend
Replies: 10
Views: 1085

Re: 61 days holding period for qualified dividend

Usually in situations like this, LiveSoft shows up to dispense wisdom, as the oracle of wash sales.

You can PM him for clarity if desired.
by PrettyCoolWorkshop
Fri Apr 05, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you pay quarterly taxes?
Replies: 36
Views: 4638

Re: Where do you pay quarterly taxes?

If you use the citi double cash credit card, you can pay your quarterly taxes with a 1.88% fee and earn 2% cash back.

Other credit cards that have signup bonuses can also be used if you are into churning.
by PrettyCoolWorkshop
Thu Apr 04, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 75
Views: 6437

Re: Landlord looking to buy out my lease. Whats a reasonable price?

IMO some of these responses are well north of nuts. This isn't 11 months remaining on a new lease, this is four months and the OP already knew the lease would end and would have to move before now. OP already has to look for a new place in presumably less than four months. OP was already going to i...
by PrettyCoolWorkshop
Fri Mar 15, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Smoking tire/wheel/brake one week after wheel alignment
Replies: 24
Views: 1706

Re: Smoking tire/wheel/brake one week after wheel alignment

Yeah parking brake is possible. Hard to believe that the driver did not notice the lack of get up and go. > or a bad wheel bearing Usually this causes a very noticeable shrieking sound. My money is on the calipers or brake cylinder or parking brake. Some parking brakes are surprisingly weak once yo...
by PrettyCoolWorkshop
Fri Mar 15, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Does Fidelity Premium Services cost anything?
Replies: 4
Views: 3406

Re: Does Fidelity Premium Services cost anything?

Thanks, Strayshot. Looks like so far we have avoided getting "out of the frying pan, into the fire."
by PrettyCoolWorkshop
Fri Mar 15, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Does Fidelity Premium Services cost anything?
Replies: 4
Views: 3406

Does Fidelity Premium Services cost anything?

Howdy Bogleheads. I am currently in the process of transitioning my mother out of a financial advisor that charges ~1% AUM fee. I have now been set up as Power of Attorney for my mom. I am migrating her assets to Fidelity. One of my mom's friends suggested a person at Fidelity in her area we should ...
by PrettyCoolWorkshop
Wed Mar 13, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents' finances a disaster waiting to happen? Seeking advice.
Replies: 105
Views: 11857

Re: Are my parents' finances a disaster waiting to happen? Seeking advice.

Thank you for the many quick replies. To address some of the comments: How do people that old get a 30 year mortgage? They have a VA loan. I understand you are concerned, but their (very secure) income is about 2x the average US household income. Their income looks to be pretty safe (unless the pen...
by PrettyCoolWorkshop
Wed Feb 27, 2019 11:45 am
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 567

Re: Is it possible to set up automatic montly security sales in a Fidelity account?

You asked if there were any drawbacks. The primary ones I can envision is that this seems like a tax nightmare and a rebalancing nightmare to me (assuming a taxable account). If it were me, I would just transact manually maybe once per year. That way it is easier to keep track of the tax impacts an...
by PrettyCoolWorkshop
Wed Feb 27, 2019 11:07 am
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 567

Re: Is it possible to set up automatic montly security sales in a Fidelity account?

You asked if there were any drawbacks. The primary ones I can envision is that this seems like a tax nightmare and a rebalancing nightmare to me (assuming a taxable account). If it were me, I would just transact manually maybe once per year. That way it is easier to keep track of the tax impacts an...
by PrettyCoolWorkshop
Wed Feb 27, 2019 11:05 am
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 567

Re: Is it possible to set up automatic montly security sales in a Fidelity account?

Murgatroyd wrote:
Tue Feb 26, 2019 2:28 pm
I believe the key word under point #1 is ELIGIBLE. To probably mean only Fidelity brand funds.
This is likely true, that only fidelity mutual funds would be eligible. I'll confirm this soon.
by PrettyCoolWorkshop
Tue Feb 26, 2019 2:01 pm
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 567

Re: Is it possible to set up automatic montly security sales in a Fidelity account?

Sorry to dump a customer service question on you guys. I ended up contacting fidelity directly to ask the same question through their online chat. Fidelity has a webpage to set up automatic scheduled withdrawals. This webpage is mostly intended for withdrawing from your cash/core position, and may a...
by PrettyCoolWorkshop
Tue Feb 26, 2019 12:18 pm
Forum: Personal Investments
Topic: Is it possible to set up automatic montly security sales in a Fidelity account?
Replies: 8
Views: 567

Is it possible to set up automatic montly security sales in a Fidelity account?

My mom will soon be needing a set-up where she sells some stocks monthly to pay for her cost of living. Is it possible to automate this, so that every month a certain dollar amount will be sold and then the proceeds will be transferred to her bank account? Preferably using a Fidelity brokerage accou...