Search found 170 matches

by WolfgangPauli
Fri Oct 06, 2017 4:43 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4019

Re: Too much house? (nervous 1st time buyer)

I agree with everyone here.. especially in the current market.. rent.. rent .. rent... as a single person you want freedom and houses are big boat anchors. They make a lot of sense for families (family home and all that stuff).. make little sense for single people (financially and otherwise). Best, WP
by WolfgangPauli
Fri Oct 06, 2017 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Temporary Job Relocation
Replies: 8
Views: 751

Re: Temporary Job Relocation

A couple of things that are very common in these situations: 1. They should be willing to alarm your home and take care of maintenance (i.e., cut lawn, snow removal whatever ). I would get this for sure and it is very common. No one is expected to just leave their home unattended. 2. Flights back - ...
by WolfgangPauli
Sat Sep 30, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Should I get a New Macbook Pro?
Replies: 47
Views: 3952

Re: Should I get a New Mac or Macbookpro?

I have converted to Chromebook.. It is amazing.. .however, an entirely different way of thinking of computing. Nothing is on the computer and therefore you have to be comfortable with on line storage etc. For $300 I just pop open my chromebook, hook to WiFi (use hotspot on phone if needed) and every...
by WolfgangPauli
Sat Sep 30, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Luggage locks
Replies: 15
Views: 1065

Re: Luggage locks

I only own luggage with integrated TSA locks and I do use them. However, as most posters have said, only check what you can afford to lose. At the end of the day, even if your luggage is locked, they can just take the luggage right? If I were to need something very valuable, I likely would ship it U...
by WolfgangPauli
Sat Sep 30, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7398

Re: What will happen if I refuse to pay a medical bill?

$345 ??? Chalk it up to learning, pay the bill and move on....
by WolfgangPauli
Sat Sep 30, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: which of my 6 credit cards to keep?
Replies: 11
Views: 1303

Re: which of my 6 credit cards to keep?

Assuming you have the discipline to not spend them, I would keep them all and put all but two in a block of ice. Your credit score is actually enhanced by having credit for a long time. No need to close (again, as long as you have the discipline to not use them). Put a credit freeze on so no one can...
by WolfgangPauli
Fri Aug 11, 2017 1:59 am
Forum: Local Chapters and Bogleheads Community
Topic: Calling all JACKSONVILLE FLORIDA Bogleheads (Northeast Florida)
Replies: 2
Views: 498

Calling all JACKSONVILLE FLORIDA Bogleheads (Northeast Florida)

Greetings: Earlier in the year i tried to get this going and had limited response. Recently I have received a number of emails so perhaps now that summer is closing we can get this going again. Please contact me and I plan on setting up the first meeting right after labor day. Looking forward to get...
by WolfgangPauli
Sun Jul 30, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: TSA Pre-check for free
Replies: 75
Views: 5838

Re: TSA Pre-check for free

Hi, I fly just about every week and I think I have this figured out. I do get TSA Pre a lot and I have never paid for it (although sometimes I don't like tomorrow ugggh). Here is what seems to be the pattern for me: 1. Buy the ticket at least 1 week in advance. I notice when I have to buy last minut...
by WolfgangPauli
Sat Jul 22, 2017 10:16 pm
Forum: Personal Consumer Issues
Topic: Career Advice
Replies: 19
Views: 1723

Re: Career Advice

Thanks everyone.. I am off to teaching! I will keep everyone posted (I may write a book about a "third act"). I am excited!!!
by WolfgangPauli
Fri Jul 21, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Career Advice
Replies: 19
Views: 1723

Career Advice

Hi, I am not sure where to post this but since this is such a great group for providing investment advice, I figured I might ask about career advice as well. I have a major decision to make and would like some thoughts. First, I am financially secure. I have put together a portfolio in excess of $3M...
by WolfgangPauli
Mon Jul 03, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Unfounded Fear?
Replies: 16
Views: 1605

Re: Unfounded Fear?

I think your question is if there is risk when you live in an area that is dominated by one employer? Is that the question? If so, the answer is yes, yes, yes!!! Think of it this way. Why do Bogleheads not like the idea of buying a lot of one individual stock? It is because not only do you experienc...
by WolfgangPauli
Sat Jun 24, 2017 9:37 pm
Forum: Personal Consumer Issues
Topic: Travel to Kazakhstan - Health Insurance
Replies: 12
Views: 1465

Travel to Kazakhstan - Health Insurance

Hi,

I am heading to K'stan for a wedding and was wondering what people do for short term health insurance in a "far away land" like that? Any thoughts?
by WolfgangPauli
Sat Jun 24, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: 58 years old and laid off seeking advices
Replies: 43
Views: 5946

Re: 58 years old and laid off seeking advices

One interesting fact is if you are 55 or older when you are let go you can withdraw from the 401(k) penalty free. That is NOT TRUE of IRAs so my advice is do not roll over into an IRA. Keep in 401(k) in case you want to access it before 59.5. I also agree you have "won the game" and use this as a ti...
by WolfgangPauli
Sat Jun 10, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 330
Views: 33874

Re: Tesla Model 3 or Chevy Bolt?

I must admit, I will not likely get either for a while.. have about 6 years before the wheels fall off of the car I have. But, having said that, I was in Detroit last week and saw a Chevy Bolt at no other than a BP gas station. What was it doing there? Charging!!! The BP station had chargers and the...
by WolfgangPauli
Sat Jun 10, 2017 6:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 230
Views: 30913

Re: Roll Call for the Retirement Class of 2017!

I am "semi-retired" at 55.. I decided I will do some consulting and help some friends but not going back to the rat race. A little scary as this is earlier than I thought. My situation: No Debt. $3.1M in investable assets $3.6M Net worth if you count my house (fully paid for) My wife and i have dec...
by WolfgangPauli
Thu Jun 08, 2017 8:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 230
Views: 30913

Re: Roll Call for the Retirement Class of 2017!

I am "semi-retired" at 55.. I decided I will do some consulting and help some friends but not going back to the rat race. A little scary as this is earlier than I thought. . . . Please help me calm down.. I do get a little nervous about this. Emergency whiskey please! We don't want WolfgangPauli go...
by WolfgangPauli
Thu Jun 08, 2017 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Michigan Education Trust
Replies: 10
Views: 822

Re: Michigan Education Trust

I used the MESP for my son to go to UMICH and it worked great.. the really cool part is he went to graduate school at Notre Dame and I had money left over in MESP to pay for most of that too!
by WolfgangPauli
Mon Jun 05, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 104
Views: 20006

Re: Best credit card for cash back

I am using USAA 2.5% cash back.. very happy with it but I do think it is selective in who they offer it to.. Have no idea how they choose.
by WolfgangPauli
Mon Jun 05, 2017 9:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 230
Views: 30913

Re: Roll Call for the Retirement Class of 2017!

I am "semi-retired" at 55.. I decided I will do some consulting and help some friends but not going back to the rat race. A little scary as this is earlier than I thought. My situation: No Debt. $3.1M in investable assets $3.6M Net worth if you count my house (fully paid for) My wife and i have deci...
by WolfgangPauli
Sun Jun 04, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 25
Views: 5012

Re: NJ Lemon Law 2017 Honda CRV

We just picked up our CRV today after 3rd visit. Looks like they found the problem which caused the battery drain. It was a software fix the car needed. We'll see and hopefully no more problems relating to this. When I contacted Honda USA they knew of the problem and perhaps my desire to use the NJ...
by WolfgangPauli
Sun Jun 04, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: A group universal life insurance with a big premium increase upon leaving employer
Replies: 6
Views: 475

Re: A group universal life insurance with a big premium increase upon leaving employer

This is a huge cost and I have to ask what are you insuring against and why mix insurance with savings. If you feel you need life insurance, just buy term life insurance (more) and be done with it. Why will you need life insurance when you are 70 / 80 or 90? I question the entire premise of needing ...
by WolfgangPauli
Mon May 22, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 92
Views: 12305

Re: Zacks says sell Wellesley!?

My 1 year return is 6.3%, 5 year is 6.8% and since my investment started (2009), 8.0%...

Small part of my portfolio but it seems to be doing OK for me...
by WolfgangPauli
Sun May 21, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 25
Views: 5012

Re: NJ Lemon Law 2017 Honda CRV

Ok.. well, the reality is there is no way.. no matter what.. .you should have to charge a car battery after one week of sitting.. no way.. there is something wrong...
by WolfgangPauli
Sun May 21, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: to refinance or not for a small monthy cost
Replies: 12
Views: 605

Re: to refinance a mortgage or invest in the market

Need to know a lot more about your situation to answer... But, at a high level, you are basically asking if you should borrow money to invest in the market. My general answer is not no but heck no! Here is a very similar thread: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=219380&ne...
by WolfgangPauli
Sun May 21, 2017 7:58 am
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 46
Views: 4613

Re: Refinance Mortgage From 30 to 15 OR Invest?

My opinion is to pay off the home. I am 54 and no mortgage and I can assure you it is the best feeling of your life. Going into retirement with no burden of home ownership (still have maintenance, taxes etc.) payment is great. Having said that, when I was doing this I always wanted to keep my option...
by WolfgangPauli
Sun May 21, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 25
Views: 5012

Re: NJ Lemon Law 2017 Honda CRV

Newer cars have a LOT more electronics that put a parasitic drain on the battery when the car is not in use.. In the old days it used to be that when sitting only the clock and maybe a security system where on, draining less than 100mA and a car battery could go months with that load and still star...
by WolfgangPauli
Sun May 21, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2608

Re: Do I need a LLC to Do Consulting Work

Depending on the type of consulting/contracting work you'll be doing, don't rule out the possibility of working through an agency which would actually own the legal relationship with your client. That's how I do it, and the agency pays me via W-2, and I avoid SET and liability. They carve out enoug...
by WolfgangPauli
Sun May 21, 2017 6:11 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 4748

Re: Anyone else track the value of their investments by discounting the value of equities?

No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates. That is absolutely the way I do it... I figure as long as I have 7-10 years then I could care less about the fluctuations of the market... Do you plan to maintain that level of fix...
by WolfgangPauli
Sun May 21, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 25
Views: 5012

Re: NJ Lemon Law 2017 Honda CRV

I would absolutely research the law and begin the process (i.e. certified letter etc.). I know a lot about parasitic loads and I can assure you, even with all the technology in cars today, there is no way this battery should drain. You should be able to leave it for months, even in the cold, and be ...
by WolfgangPauli
Sat May 20, 2017 8:36 am
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 4748

Re: Anyone else track the value of their investments by discounting the value of equities?

TravelforFun wrote:No. I put 10 years worth of living expenses in CDs and bonds and hence, I don't care how widely the market fluctuates.


That is absolutely the way I do it... I figure as long as I have 7-10 years then I could care less about the fluctuations of the market...
by WolfgangPauli
Fri May 19, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3766

Re: I am a huge believer in Passive Indexing.. but.....

First, congratulations on having reached the point in life where $100K is fun money . As long as that is "fun money" perhaps you can let it fly and in a few years write a book that rhymes with "Learn How To Trade Like Chuck". In reality, I'd be taking profits and placing them in...
by WolfgangPauli
Fri May 19, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3766

Re: I am a huge believer in Passive Indexing.. but.....

kelvan80 wrote:I believe the unspoken rule is if the fun money was about 5% of your portfolio then enjoy. Are you asking for a blessing to drop passive investing completely in favor of your lucky picks? Take the tax hit, or donate your earnings.


No, perhaps add more to it though.. go up to 10%?
by WolfgangPauli
Fri May 19, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3766

Re: I am a huge believer in Passive Indexing.. but.....

Bacchus01 wrote:You bought shares in customer companies? Be careful here


Why? My thought process was if they were smart enough to hire me .. they must be good??
by WolfgangPauli
Fri May 19, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3766

I am a huge believer in Passive Indexing.. but.....

Ok, I just need people to walk me off the ledge here. for background, I have been a passive index investor since 1984 and have never looked back. It is the bulk of everything I do. However, about 3 years ago I "peaked". I took some "fun money" (approx $100K) and decided I would r...
by WolfgangPauli
Thu May 18, 2017 6:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3972
Views: 1058354

Re: U.S. stocks in freefall

It all seems very irrational so I am "staying the course".
by WolfgangPauli
Wed May 17, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2608

Re: Do I need a LLC to Do Consulting Work

Wow.. .such great information.. thank you so much for what has been provided. Let me give some more information and perhaps we can get more specific. ⋅ I have made significant income from "corporate America" this year (Roughly $300K) and will be exiting shortly. ⋅  I pl...
by WolfgangPauli
Tue May 16, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2608

Re: Do I need a LLC to Do Consulting Work

An LLC helps shield your personal assets from business liability. So if you breach a business contract, only your business assets can be touched. This is not an absolute rule. You have to run your LLC properly and do business through your LLC. You also are not protected from professional liability ...
by WolfgangPauli
Tue May 16, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a LLC to Do Consulting Work
Replies: 20
Views: 2608

Do I need a LLC to Do Consulting Work

I am abou to exit "corporate" America and do some limited consulting / contractor work. Can anyone provide advice on: ⋅ Should I establish a LLC to do this? ⋅ Should I have business insurance to protect personal assets? ⋅ What can I do with this that is advant...
by WolfgangPauli
Sun May 14, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1991

Re: Term life insurance in older age?

The first question you have to ask is what are you insuring against and for how long. Let me give you my example. 1. When I was 50 I bought a significant amount of life insurance for a 20 year level term. 2. This carries me to when I am 70 and when I am sure I will not be working. 3. My plan is to e...
by WolfgangPauli
Sun May 14, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5493

Re: Anyone else dial down retirement savings?

Need a lot more information like your annual salary, how much debt and how much you already have saved in retirement. Having said that, here are some things to think about: 1. Remember, you can always borrow while you are working - no one will loan you money when you retire so if I were going to &qu...
by WolfgangPauli
Sun May 14, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Fee to close credit card?
Replies: 15
Views: 1780

Re: Fee to close credit card?

Never heard of it as I would think if you are not using it, it would be in their best interest to have you close it...

Is it happening to you? What card?
by WolfgangPauli
Mon May 08, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2402

Re: Home purchase question

A few things: First, do not think of the home as an investment.. it is a lifestyle choice. Bringing up a family with a nice yard etc. is all about lifestyle. If you buy a house for $400K and sell it for $380K (ignore transaction costs for now although they are important), you will have spent $20K to...
by WolfgangPauli
Mon May 08, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term [Care] Rates just went Through the roof!
Replies: 34
Views: 5246

Long Term [Care] Rates just went Through the roof!

Well, I guess I should have expected it. 20 years ago we thought we were doing the right thing by insuring early for LTC. Paid premiums all that time. Just yesterday I received a letter saying my premiums were going up 70% and I can expect another increase after that. My options: - Reduce my coverag...
by WolfgangPauli
Mon May 08, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 5065

Re: USAA 2.5% unlimited Cash back Card - Weird...

Update: So, I did email a note to the CEO of USAA Stuart Parker and to my surprise I received a phone call from the executive offices of USAA. They were incredibly polite, apologetic and they explained the situation. A fascinating one at that but nevertheless, they solved the problem and all is well...
by WolfgangPauli
Fri Apr 28, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 5065

Re: USAA 2.5% unlimited Cash back Card - Weird...

I'm trying again. I've been with USAA for 11 or 12 years and there are some frustrating things with customer service that pop up every now and then, but it's not worth closing out everything. What I found the most frustrating thing was that there was no way that I found to provide feedback to the p...
by WolfgangPauli
Wed Apr 26, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Major health issue - finding new employment with health coverage
Replies: 35
Views: 2872

Re: Major health issue - finding new employment with health coverage

I would check with a lawyer to be sure but, under the law as it currently exists, they have to take you and cannot deny you for pre-existing conditions. Many employers have a 60 or 90 day waiting period but you can cover under COBRA during that time so you would have full coverage. [OT comment remov...
by WolfgangPauli
Wed Apr 26, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 5065

Re: USAA 2.5% unlimited Cash back Card - Weird...

I was extremely dissatisfied with USAA through this entire process. Very poor customer service, people did not know what they were doing, questions went unanswered etc. honestly, I think I am going to close out of USAA Bank altogether. this process was horrible.
by WolfgangPauli
Mon Apr 24, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% unlimited Cash back Card - Weird...
Replies: 34
Views: 5065

Re: USAA 2.5% unlimited Cash back Card - Weird...

It was definitely the freeze however the person the phone told me to unfreeze Experian not Equifax.. I hope he did not screw up
by WolfgangPauli
Sun Apr 23, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 22141

Re: Any regrets living a frugal life for high income/high networth individuals?

I lost my job during the early 80s when unemployment was double digits during Reaganomics. I financially was wiped out and had to move back in with my parents. I was unemployed for over a year and a half. When I finally found a really bad job that had zero benefits, I had to start all over re-build...