Search found 2857 matches

by michaeljc70
Sun Jun 24, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Garage refrigerator
Replies: 18
Views: 1529

Re: Garage refrigerator

It wasn’t staying consistently cold and we think it was an electricity hog. It was about 27 years old. No doubt , a 27 year old model that came with your house was wasting energy compared to newer models. Garage refrigerators are such a waste of energy that some utilities will pay you to allow them...
by michaeljc70
Sun Jun 24, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Garage refrigerator
Replies: 18
Views: 1529

Re: Garage refrigerator

It depends on your garage. I am also in Chicago with an attached garage. I put the old fridge from my kitchen in there when I remodeled the kitchen and haven't had any problems in 3 years. The garage obviously cannot freeze or your food in the fridge will freeze (and it may affect the functioning of...
by michaeljc70
Sun Jun 24, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 3864

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

3 percent is a conservative withdrawal rate, that should be no problem. The problem is that you are asking for it as an income stream - I sense that you want it as interest and dividends. This will lead you astray and cause you to make bad investment choices. You can take 3% per year out of ANY mut...
by michaeljc70
Sat Jun 23, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off and need some advice on steps forward
Replies: 12
Views: 1006

Re: Laid off and need some advice on steps forward

I've taken off a ton of time over the years, but worked mostly as a contractor, not an employee. I would say that 3 months is not a big deal. However, how do you know if you wait 2 month and start looking you will have a job in a month? I have said "I'll take 3 months off" and then it takes me anoth...
by michaeljc70
Sat Jun 23, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 80
Views: 4664

Re: When did you start flying business class?

When I worked for a living I made frequent business trips to Europe, so I earned a lot of frequent flyer miles. My employer purchased economy class tickets for me, but I would often be able to upgrade to business class with some of those frequent flyer miles. Since retiring five years ago, I have o...
by michaeljc70
Sat Jun 23, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Heavy in equities?
Replies: 31
Views: 2751

Re: Heavy in equities?

What I find odd however is the position of many retired investors who both believe in the predictive power of old US data AND remain heavily invested in equities (60% or greater). I'm confused for 2 reasons: People have different situations, so their plan may not make sense to you if you are missin...
by michaeljc70
Sat Jun 23, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 80
Views: 4664

Re: When did you start flying business class?

When friends that worked at airlines got me there. I've done it using miles when there was a good deal or no other option. I cannot justify paying for it. Doubt I ever will be able to. And I've flown business (and first) many times overseas with friends that worked for the airlines. The service is p...
by michaeljc70
Sat Jun 23, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 108
Views: 8151

Re: Did you celebrate when you finally hit $1m?

hmw wrote:
Sat Jun 23, 2018 12:29 pm
No we didn’t celebrate. I did tell my wife. She said: “that’s nice”. That’s about it.
I wonder how many spouses say "we have that much money and live like this" :shock:
by michaeljc70
Sat Jun 23, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 108
Views: 8151

Re: Did you celebrate when you finally hit $1m?

No, but it put a smile on my face. Knowing it could hit that amount several times over several years (aka market drops) kept me from a big celebration. It also depends on what you count. If you are looking at only investment accounts or all assets. If looking at all assets (net worth), then how you ...
by michaeljc70
Sat Jun 23, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Heavy in equities?
Replies: 31
Views: 2751

Re: Heavy in equities?

I keep hearing people say they don't trust historical data. What do you trust? A crystal ball? The way I see it is historical data is the best proxy we have. Even if the historical data doesn't tell us what will happen in the future, common sense/logic tells me stocks will outperform bonds in the lo...
by michaeljc70
Sat Jun 23, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6356

Re: Ways to Protect Assets Without a Prenup

AlwaysWannaLearn wrote:
Fri Jun 22, 2018 9:24 pm
LF_retirement: In the future, when you want to follow up with an OP from 6+ months prior, please just PM the OP. You've inadvertently "bumped" a thread.
Ah. I guess a lot of us didn't notice the date on the original post.
by michaeljc70
Fri Jun 22, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6356

Re: Ways to Protect Assets Without a Prenup

A pre-nup can help organize and customize this unique financial contract. But, OP, you don’t have a pre-nup. You have decided to let the chips fall where they may with the default, government mandated option. You are concerned about the finances, while marriage is primarily financial. Why get marri...
by michaeljc70
Fri Jun 22, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15573

Re: Top Shelf Liquor Overrated?

I think the other posters have hit on the key points. Vodka, which I drink more than any other liquor, is pretty standard. Though I would disagree with those that say the cheapest is the same as anything better. I buy the Costco brands (they have 2) and they are perfectly adequate. Just don't but t...
by michaeljc70
Fri Jun 22, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 3704

Re: iPad Pro 12.9": Replacement for Laptop?

A Surface Pro would be a better laptop replacement than an iPad Pro. Also at a much steeper price. The iPad Pro 12.9 starts around $799 (retail) and goes over $1000. The Surface Pro (newest version) also starts at $799 but with double the iPad's storage. The key word there is "starts". A Surface Pr...
by michaeljc70
Fri Jun 22, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 46
Views: 3327

Re: How much of your taxable holdings is unrealized capital gains?

5%. I took a gain last year because I didn't work. I sold the etf and bought the same thing 15 seconds later. I paid zero Federal taxes on the $35k gain. I did have to pay state taxes on it though.
by michaeljc70
Fri Jun 22, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2317

Re: I think I am in trouble...way behind where I should be

OP, the main obstacle to your achieving a comfortable retirement is your lifestyle. If you could live on half of your income and put $150K a year into a variety of 401K, backdoor Roth, HSA ( if eligible) and taxable, if wouldn't take you long to build up a substantial net worth. Do a monthly budget...
by michaeljc70
Fri Jun 22, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2317

Re: I think I am in trouble...way behind where I should be

It sounds like you have a good plan and you've received good advice here. I would definitely consider retiring to an area with a lower cost of living than where you are now. That can make a big difference. My biggest concerns would be your career being cut short (due to what you mentioned) and lack ...
by michaeljc70
Fri Jun 22, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6356

Re: Ways to Protect Assets Without a Prenup

As others said, it depends on the state. The things you listed may do nothing. It sounds like you want what is in effect a partial secret prenup so your fiancee doesn't know.
by michaeljc70
Fri Jun 22, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2097

Re: What do we mean when we say "HCOL vs LCOL" location?

As others pointed out, taxes is only a part of the cost of living. Housing is obviously a big part. I would break it into three groups (lcol,mcol,hcol) and you can apply percents based on average cost of living. Personally, I'd say the top 20% is hcol, bottom 20% is lcol and the rest is mcol, but it...
by michaeljc70
Wed Jun 20, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6463

Re: dryer vent cleaning--your thoughts?

The one issue I had with mine is it is in a closet and getting the dryer back in without the exhaust hose getting messed up was tricky. I have to get it pretty close to the wall or I cannot close the closet doors.
by michaeljc70
Wed Jun 20, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7528

Re: Which Supermarket are you?

What supermarkets do you Boggleheads go to and do most of your grocery shopping. Do you believe in the Organic hype and only shop at Whole Foods or do you go to Trader Joes for the cheaper alternative? Looking at making a decision on what supermarket i should ultimately be shopping at. If you've ev...
by michaeljc70
Wed Jun 20, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Is the Dow Jones Industrial Average a useful metric?
Replies: 28
Views: 1375

Re: Is the Dow Jones Industrial Average a useful metric?

I look at the S&P 500 to get a sense of what the market is doing in a broad sense. The Dow is way to few companies, and frankly most aren't industrial anymore so the name is a misnomer. I wish they would use the TSM, but nobody on the news or media shows that often.
by michaeljc70
Wed Jun 20, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: dryer vent cleaning--your thoughts?
Replies: 44
Views: 6463

Re: dryer vent cleaning--your thoughts?

I cleaned mine myself using a kit I bought that hooks up to a drill. The dryer when I moved in wasn't working well. I thought it was because it was old. I bought a new dryer, but it still took forever to dry. I cleaned the vent and it is much better. Mine was not as easy to clean as some. My dryer i...
by michaeljc70
Wed Jun 20, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7052

Re: Boring Job

Interesting thread. As I stated above, I am contemplating asking for more work as the boredom is killing me. However, some of my co-workers are on projects where they get calls 24/7 and work ridiculous hours. I am afraid if I ask for more work there is a good chance I wind up like them.
by michaeljc70
Tue Jun 19, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Do you have to invest in Bond ETF?
Replies: 7
Views: 855

Re: Do you have to invest in Bond ETF?

I didn't own any bonds until well into my 40s. If this is all long term money (like for retirement), I don't see the point. Just stick to whatever AA/plan you come up with. I would hold an international stock fund though in place of VOO. VTI is better than VOO because it has some exposure to small c...
by michaeljc70
Tue Jun 19, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 3704

Re: iPad Pro 12.9": Replacement for Laptop?

killjoy2012 wrote:
Sun Jun 17, 2018 12:19 pm
A Surface Pro would be a better laptop replacement than an iPad Pro. Also at a much steeper price.
The iPad Pro 12.9 starts around $799 (retail) and goes over $1000. The Surface Pro (newest version) also starts at $799 but with double the iPad's storage.
by michaeljc70
Tue Jun 19, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7528

Re: Which Supermarket are you?

What supermarkets do you Boggleheads go to and do most of your grocery shopping. Do you believe in the Organic hype and only shop at Whole Foods or do you go to Trader Joes for the cheaper alternative? Looking at making a decision on what supermarket i should ultimately be shopping at. If you've ev...
by michaeljc70
Tue Jun 19, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 9
Views: 798

Re: How to brokered CDs differ?

Many of the brokered cds I come across can be called. I haven't seen that in bank CDs. Bank or credit union direct CDs rarely can be called. Most of the brokered CDs I see cannot be called - but some can. Look at the search criteris and details. The ones I see get emailed to me by TDA so very well ...
by michaeljc70
Mon Jun 18, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7528

Re: Which Supermarket are you?

I go where the deals are within reason. Never Whole Foods. I go to Aldi, Costco and other local chain stores (occasionally hit Asian and Mexican local stores) depending on the sales and what I need that week. I have many grocery stores within a mile or two of me. The market here is quite competitive...
by michaeljc70
Mon Jun 18, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 9
Views: 798

Re: How to brokered CDs differ?

Many of the brokered cds I come across can be called. I haven't seen that in bank CDs.
by michaeljc70
Mon Jun 18, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8348

Re: Help Buying Mens Shoes for Work and Dating

If I was going minimalist, I personally would skip brown shoes. Black go with more things. I have around 30 pair of shoes and maybe 4 pair are brown. When traveling I stick with black. I think you can accomplish what your want with two pairs of shoes. One being a black lace up dressier shoe and the ...
by michaeljc70
Sun Jun 17, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3488

Re: Standard buyer's remorse or poorly timed enlightenment?

It said you bought a new home in the original post but in another post said you are in the process. If you haven't closed, what point are you at? I take it you are past any of the clauses that can be used to cancel the deal?
by michaeljc70
Sun Jun 17, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3488

Re: Standard buyer's remorse or poorly timed enlightenment?

I agree with the wait 6 months. I assume based on what you posted, you carefully considered multiple homes and didn't just impulsively buy this one. Maybe you are forgetting all the negatives of the homes that were closer to your work and less expensive? Moving is expensive. Think of the moving cost...
by michaeljc70
Sun Jun 17, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4167

Re: Are Bogleheads smarter than the bond market?

Retail investors have access to 100% FDIC insured savings accounts (duration of 0) with interest rates that on the highest end rival 3 month t-bills. The CD liquidity premium is also very well known and while not as strong as it was last year or even before, they still gives a premium over treasuri...
by michaeljc70
Sat Jun 16, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7406

Re: I feel like selling my 3 fund

Im thinking I can sell now and get into something more stable until we are at the bottom of a bear market again. I feel like we are at the peak and a downturn is coming. Why go In now and watch my portfolio value decline over the next few years when I can just go in at the next bottom or as close t...
by michaeljc70
Sat Jun 16, 2018 11:28 am
Forum: Investing - Theory, News & General
Topic: How much tilt is enough to make a difference?
Replies: 27
Views: 1833

Re: How much tilt is enough to make a difference?

As pointed out, "make a difference" is vague. Personally, 5% or less of any fund/ETF I don't think is significant enough to bother with. I suppose you could argue that if you make 5 5% tilts, it could add up.... I'd do 8-10% or not bother.
by michaeljc70
Sat Jun 16, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11203

Re: Which boglehead rule do you break--and are ok with

Mild market timing? I find myself with a decision, after meeting retirement and 529 goals, to put an extra $X per month toward the mortgage, or in the market. The market is likely at the end of a long bull run, and property values are going up about 8-10% here. If the numbers were reversed I'd prob...
by michaeljc70
Sat Jun 16, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11203

Re: Which boglehead rule do you break--and are ok with

I'm interpreting the question more loosely than some. I thought the OP meant more on the order of things you do that most Bogleheads wouldn't do - contrary to the majority of Bogleheads. -Took 10 years off working out of 27 years since college. I enjoyed the time off (did a lot of travel), but obvio...
by michaeljc70
Sat Jun 16, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 46
Views: 4221

Re: Contractor - Threatening Lien/Lawsuit

I agree with the people that say his threats are a deflection from him wanting to give you money back. The basis for what he would sue you on (based on what you posted here) is ludicrous. Whether you want to try and get your money back and/or try and expose his scamming is another story. My guess is...
by michaeljc70
Fri Jun 15, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4167

Re: Are Bogleheads smarter than the bond market?

As I mentioned above (I am not going to quote myself :oops: ), the risk is not just to the downside. It seems that it is often ignored in a lot of these threads. No one expects stocks to go up every year yet they enjoy double digit gains some years, but those double digit gains in longer term bonds/...
by michaeljc70
Fri Jun 15, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4167

Re: Are Bogleheads smarter than the bond market?

Since there are so many threads bashing them, I'll add that having international bonds has cushioned the drop in NAV of BND. I was thinking about dropping them, but now think they are not a bad addition (though I wouldn't call them necessary).
by michaeljc70
Fri Jun 15, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1847

Re: Taxation for free-lancers

About the liability, I think she is working for a large tech powered company, as a representative of that company. So I would assume the liability, if any, is born by them. But it is a very good point that you raised, I will ask her to check with them. She shouldn't rely on what the company says. W...
by michaeljc70
Fri Jun 15, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2061

Re: Home Sellers - do you read Buyer inspection reports?

I have gotten my own inspection reports prior to selling, using a highly respected local person. Then I fix most of the issues on the report and disclose it to prospective buyers. They of course are free to get their own inspection, but I feel my downside risk is known. By disclosing this before of...
by michaeljc70
Fri Jun 15, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4167

Re: Are Bogleheads smarter than the bond market?

I'm still in BND and staying the course.

Another thing I didn't see mentioned is short term bond funds or CDs would not have returned 17% in 2000, 10% in 2007 , 20% in 2008, 16% in 2011 or 11% in 2014 but long (10 year treasuries) bonds did.
by michaeljc70
Thu Jun 14, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8909

Re: I was rear ended and the other guy wants a payout!

The vehicle striking the rear of another vehicle while moving in traffic is ALWAYS at fault. Negative. I agree. That is a myth. If you were both in the same lane for a significant period of time, then it is true. I think you have to listen to both sides to actually know what really happened. For so...
by michaeljc70
Thu Jun 14, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7052

Re: Boring Job

This has happened to me quite a few times during a career. The nature of how I work is I tend to fund ways to do things more efficiently. It's kind of a tricky situation and there is nothing worse than boredom at work. My experience in asking for more work typically hasn't yielded more work. It oft...
by michaeljc70
Thu Jun 14, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8909

Re: I was rear ended and the other guy wants a payout!

Sadly, this happened to me many years ago. The other driver rear-ended me, well after I was on the street. She was obviously at fault, didn't even have her driver's license with her, and left the scene to go home and get it. Months later when my premiums increased, I found out she had claimed it wa...
by michaeljc70
Thu Jun 14, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8909

Re: I was rear ended and the other guy wants a payout!

chevca wrote:
Thu Jun 14, 2018 11:19 am
bloom2708 wrote:
Thu Jun 14, 2018 11:12 am
The vehicle striking the rear of another vehicle while moving in traffic is ALWAYS at fault.
Negative.
I agree. That is a myth. If you were both in the same lane for a significant period of time, then it is true.
by michaeljc70
Thu Jun 14, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3570

Re: Non-alcoholic drinks for wedding

I wish I could help, but I don't drink non-alcoholic beverages. :shock:
by michaeljc70
Thu Jun 14, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2061

Re: Home Sellers - do you read Buyer inspection reports?

Presumably they had an inspection when they bought. Both of our selling and buying Real Estate agents said "You would be surprised"... One said that few buyers actually pay for an inspection of a newer tract home -- they seem to think it costs too much. To me, that's cheap insurance. Those usually ...