Search found 2830 matches

by michaeljc70
Tue Jun 19, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 7
Views: 590

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: 123
Views: 5465

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: 7
Views: 590

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: 85
Views: 7196

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: 3394

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: 3394

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: 36
Views: 3338

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: 54
Views: 5733

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: 1801

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: 141
Views: 9290

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: 141
Views: 9290

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: 43
Views: 3456

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: 36
Views: 3338

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: 36
Views: 3338

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: 1817

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: 22
Views: 1651

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: 36
Views: 3338

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: 8576

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: 60
Views: 5838

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: 8576

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: 8576

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: 3525

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: 22
Views: 1651

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 ...
by michaeljc70
Thu Jun 14, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 22
Views: 1651

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

I guess I don’t entirely get what people are saying. What typically happens is the buyer says you have to fix or I want money off due to X,Y and Z. There is no possible way to avoid knowing X,Y and Z. X,Y and Z are typically the biggest problem found (though they may throw in the small stuff too). ...
by michaeljc70
Thu Jun 14, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 22
Views: 1651

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

I guess I don’t entirely get what people are saying. What typically happens is the buyer says you have to fix or I want money off due to X,Y and Z. There is no possible way to avoid knowing X,Y and Z. X,Y and Z are typically the biggest problem found (though they may throw in the small stuff too). A...
by michaeljc70
Wed Jun 13, 2018 8:30 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4719

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard. could you flip from their total market ETF to the mutual fund without triggering a wash sale? I Probably not. There is no tax consequence from going from investor share to admiral. So I would assume that the same would apply here. I believe you would have a wash ...
by michaeljc70
Wed Jun 13, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Taxation for free-lancers
Replies: 23
Views: 1817

Re: Taxation for free-lancers

1. Yes, you can continue to file MFJ. I would still run the numbers both ways to see which way (MFJ or MFS) is optimal. 2. I would say it depends on the type of work she'll be doing. If she's doing provide services where liability may be an issue, it's probably better to create a business entity an...
by michaeljc70
Wed Jun 13, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 150
Views: 15199

Re: Should I take possession of a certified mail?

It is unlikely he would sue. A mechanic's lien against your home would be more likely. That is much cheaper/easier. As others said, I would just receive and read the letter. It could be a simple "I'm disappointed I spent the time and didn't get the work, don't call me again." kind of thing.
by michaeljc70
Tue Jun 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 60
Views: 5838

Re: Boring Job

Yes, I've quit a few jobs due to boredom. Generally it was because I had no work rather than the nature of the work. Friends and family thought I was crazy- it was easy money. However, I told them to sit in a closet (to simulate a cube) for 40 hours a week and do nothing (no sleeping or personal cal...
by michaeljc70
Tue Jun 12, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 94
Views: 9271

Re: At what point to buy new car for safety

The overall driver death rate for all 2011 and equivalent models during 2009-12 was 28 deaths per million registered vehicle years. The overall driver death rate for all 2002 and equivalent models during 2000-03 was 87 deaths per million registered vehicle years. http://www.iihs.org/iihs/topics/dri...
by michaeljc70
Mon Jun 11, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 24
Views: 2685

Re: ~1 year from FIRE - Tax diversification strategy?

Note that some states don't have income tax on Roth conversations (mine being one of them). Interesting! Based on https://www.forbes.com/sites/ashleaebeling/2017/02/21/senior-specials-14-states-with-retirement-income-tax-breaks/#55cc7159a462 it looks like Hawaii (401k or rollover IRA from 401k only...
by michaeljc70
Mon Jun 11, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4719

Re: How and when do you decide to do Tax Loss Harvesting?

I also don't keep bonds in taxable accounts. Some bonds are very tax-efficient. Notice the short bond funds at the top of the list. From the Bogleheads Wiki: https://s22.postimg.cc/8wm4glf9d/Bond_Capture.gif https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Those short term bond funds wo...
by michaeljc70
Mon Jun 11, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4719

Re: How and when do you decide to do Tax Loss Harvesting?

The amount of talk on these forums of TLH after a 9 year bull run suprises me. It's not been a bull market in bonds. They were up big in 2007-2008 and 2010-2011 (of course it depends what bonds you look at... I'm looking at long treasuries). They had a couple down years, but none big since 2009. TB...
by michaeljc70
Mon Jun 11, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 4719

Re: How and when do you decide to do Tax Loss Harvesting?

The amount of talk on these forums of TLH after a 9 year bull run suprises me. I did capital gains harvesting last year due to being in a lower tax bracket.
by michaeljc70
Mon Jun 11, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 24
Views: 2685

Re: ~1 year from FIRE - Tax diversification strategy?

Note that some states don't have income tax on Roth conversations (mine being one of them).
by michaeljc70
Mon Jun 11, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2265

Re: What does "tap into" the Social Security trust fund mean?

Here is the scenario. Your company has a 401k you contribute to. Your company uses your contributions to fund their business to make their earnings look better. People would be thrown in jail if the private sector does what the government does. Actually, your bank does just this and its perfectly O...
by michaeljc70
Mon Jun 11, 2018 6:01 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2265

Re: What does "tap into" the Social Security trust fund mean?

Here is the scenario. Your company has a 401k you contribute to. Your company uses your contributions to fund their business to make their earnings look better. People would be thrown in jail if the private sector does what the government does. Actually, your bank does just this and its perfectly O...
by michaeljc70
Sun Jun 10, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2265

Re: What does "tap into" the Social Security trust fund mean?

But bonds are IOUs. "They" pay interest but isn't the "They" us? Where do the dollars come from to pay this interest? From us? So do we borrow more money to pay this interest? Yes, that is my understanding. Up until recently, the Social Security Administration (SSA) - ie, a branch of the US governm...
by michaeljc70
Sat Jun 09, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5388

Re: Jack Bogle on Fox Business Channel Friday June 8

"Did anyone count how many times Ms. Bartiromo took off her glasses?" No I did not count. Some may find this annoying, but for me it is a natural thing to do. That is exactly what I do when I am in a conversation and have to read a note, put my reading glasses on, read the note, take my reading gla...
by michaeljc70
Sat Jun 09, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5388

Re: Jack Bogle on Fox Business Channel Friday June 8

Jack Bogle is 89 years old I believe. His performance in the interview was impressive for a person of any age, much less an 89-year-old. His voice is strong. His answers are thoughtful and well reasoned - and dead-on correct. Jack Bogle is truly an American icon. That's what I thought. Looking at h...
by michaeljc70
Sat Jun 09, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Rising Interest Rate Strategy
Replies: 35
Views: 4012

Re: Rising Interest Rate Strategy

In a rising interest rate environment where's the best place to be? Know that bonds will decrease in value with an increase in interest rate...at least in the short term. What about stocks? A couple months back when they were talking about interest rates going up I was reading in articles that this...
by michaeljc70
Sat Jun 09, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5388

Re: Jack Bogle on Fox Business Channel Friday June 8

I watched the interview and based on what some people are saying it doesn't sound like the same interview. I didn't see all this interrupting. Though maybe not the questions I would have asked (this interview wasn't necessarily advice for individual investors but seemed more geared as about the indu...
by michaeljc70
Sat Jun 09, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Rising Interest Rate Strategy
Replies: 35
Views: 4012

Re: Rising Interest Rate Strategy

In a rising interest rate environment where's the best place to be? Know that bonds will decrease in value with an increase in interest rate...at least in the short term. What about stocks? A couple months back when they were talking about interest rates going up I was reading in articles that this...
by michaeljc70
Sat Jun 09, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 31447

Re: KF's Worst Case Retirement Plan

Klangfool, see it this helps, Maybe if you follow the plan on this webstie it will work. I have been reading this site for a couple of years. The family lives frugal and both retired early. I beleive 40s.. I believe they live off of $30,000yr http://www.mrmoneymustache.com Certainly some of the ide...
by michaeljc70
Sat Jun 09, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 269
Views: 31447

Re: KF's Worst Case Retirement Plan [KlangFool's]

Folks, I do have a bit of good news to report. My wife found a permanent part-time (20 hours per week) job with the county. It comes with full benefits, pension, and 457 retirement plan. The job pays around 10K but the health insurance is about the same or better than my existing employer with lowe...
by michaeljc70
Fri Jun 08, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Just added bonds to portfolio
Replies: 44
Views: 2929

Re: Just added bonds to portfolio

Tools like FireCalc seem to use the long term interest rate. I wonder if using the TBM would make a difference. On the portfolio page one set of choices is Fixed Income [?]: Commercial Paper, Long Interest Rate, 30 Year Treasury, or 5 Year Treasury. and another set of choices is US Micro Cap US Sma...
by michaeljc70
Thu Jun 07, 2018 8:48 pm
Forum: Investing - Theory, News & General
Topic: Just added bonds to portfolio
Replies: 44
Views: 2929

Re: Just added bonds to portfolio

Tools like FireCalc seem to use the long term interest rate. I wonder if using the TBM would make a difference.
by michaeljc70
Thu Jun 07, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: Just added bonds to portfolio
Replies: 44
Views: 2929

Re: Just added bonds to portfolio

It is short term jitters as you said. I added bonds around two years ago and they have gone down while equities have done well. I'm sure that will flip at some point and that is their purpose.
by michaeljc70
Thu Jun 07, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17892

Re: Don’t cheat yourself with the 4% rule

Rarely mentioned by the ultra-low SWR planners (that also often seem keen on discounting pensions and SS) are how many more years or decades they worked or plan to work versus using more normal assumptions. I also hope they have $5 million or more. 2.5% SWR on say $2 million is $50K a year househol...
by michaeljc70
Thu Jun 07, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: 75% income into 401k?
Replies: 5
Views: 1310

Re: 75% income into 401k?

Depending on your tax bracket you may want to consider a max Roth 401k contribution. Personally I would jump at the opportunity to dump in a year's worth of Roth contributions at say 12% marginal rate, but not sure of you situation. You will need to weigh this against COBRA/ACA costs. If I knew for...