Search found 118 matches

by mickroark
Wed Oct 07, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: husband passed away, no will. Is probate court necessary?
Replies: 24
Views: 5132

Re: husband passed away, no will. Is probate court necessary?

Sorry for his or her loss. After dealing with two estates in the last 5 years, they are very complicated and stressful even with a will. I feel sorry for anyone dealing with an estate without a will. I really am sorry. :(
by mickroark
Wed Sep 16, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Grocery store didn't tell me Shingrix was $160
Replies: 197
Views: 13208

Re: Grocery store didn't tell me Shingrix was $160

Yes my Shingrix shot was $160.00 ea dose (two doses). My cost was $47.00ea and my insurance paid the rest. This was at King Soopers Grocery store.
by mickroark
Wed Sep 09, 2020 11:01 am
Forum: Investing - Theory, News & General
Topic: 3% FDIC insured savings...too good to be true?
Replies: 29
Views: 7903

Re: 3% FDIC insured savings...too good to be true?

Sounds way more complicated than just buying a 3% differed annuity, which are widely available. :confused
by mickroark
Wed Jul 22, 2020 3:21 pm
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5452

Re: Where is your fixed income invested?

Deferred fixed annuity, Income not taxed unless needed. Getting 3% currently. :arrow:
by mickroark
Fri Jul 17, 2020 10:40 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31335

Re: What surprised you the most once you retired?

I learned fast that my health was more important than my money. Without good health money is useless.
by mickroark
Fri May 08, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy this annuity?
Replies: 18
Views: 1310

Re: Should I buy this annuity?

If were in your situation I would go on an extended vacation to Hawaii and live it up. I would want to spend my money before I passed. People today pass with way to much green. :greedy
by mickroark
Tue Mar 31, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: Investments you wouldn't touch with a 10 foot pole
Replies: 110
Views: 9488

Re: Investments you wouldn't touch with a 10 foot pole

stocks, bitcoins, beanie babies, commercial real estate, autos, :beer
by mickroark
Fri Mar 27, 2020 8:59 am
Forum: Personal Investments
Topic: Now the time to buy Inflation Protected Bond Fund?
Replies: 30
Views: 2880

Re: Now the time to buy Inflation Protected Bond Fund?

Why would you buy inflation protection when we are having deflation? :confused
by mickroark
Thu Mar 19, 2020 9:25 am
Forum: Investing - Theory, News & General
Topic: Gold [why is it dropping?]
Replies: 72
Views: 3448

Re: Gold [why is it dropping?]

Investing Geek would you quit spreading fake news dude. :confused

I just sold my gold and deposited the cash in my bank. All with the click of a mouse. Then I went out and bought groceries with it. :sharebeer
by mickroark
Wed Mar 18, 2020 5:09 pm
Forum: Investing - Theory, News & General
Topic: Gold [why is it dropping?]
Replies: 72
Views: 3448

Re: Gold [why is it dropping?]

Margin calls by brokers. Ones on margin have to sell all assets to pay the broker. :mrgreen:
by mickroark
Tue Mar 17, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: What are people buying that will rebound post-corona?
Replies: 10
Views: 660

Re: What are people buying that will rebound post-corona?

Have been buying annuities since 2008 (index. deferred,) ect. Up about 6% in 2020. I think I will load up on some more annuities. :moneybag
by mickroark
Mon Mar 16, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Is it time to GET OUT?
Replies: 125
Views: 10841

Re: Is it time to GET OUT?

Yes

The best time to panic is during the panic, :arrow:
by mickroark
Thu Mar 12, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: Why are bonds falling?
Replies: 236
Views: 6200

Re: Total Bond Market Down >4%

Margin calls, Gold is down 4% also. :annoyed
by mickroark
Mon Mar 09, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: BND Fell Today
Replies: 143
Views: 13243

Re: BND Fell Today

People have to sell their bonds to get cash to pay their margin debt. Brokers will demand you sell to pay them. :shock:
by mickroark
Mon Mar 09, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Why not exchange all total bond for total market today?
Replies: 35
Views: 2758

Re: Why not exchange all total bond for total market today?

Because the market could drop another 35-50%. Wait until the bottom is in. :mrgreen:
by mickroark
Fri Mar 06, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: Be fearful when others are greedy. Be greedy when others are fearful.
Replies: 129
Views: 9296

Re: Be fearful when others are greedy. Be greedy when others are fearful.

Also, never try to catch a falling knife. You might get hurt real bad. :moneybag
by mickroark
Tue Feb 25, 2020 10:05 am
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22644

Re: What did you learn from the 2/24 sell off?

buy low sell hi. invest but don't lose money.
by mickroark
Thu Nov 14, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How do wills work (in a case like mine)
Replies: 24
Views: 2491

Re: How do wills work (in a case like mine)

Darn stupid not to have a legal Last will and Testament. Read about folks that didn't. :dollar
by mickroark
Mon Jun 24, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO rate increase: 49% annualized?!
Replies: 52
Views: 13053

Re: GEICO rate increase: 49% annualized?!

Every 3 years I get a quote on auto insurance from most all the major insurance companies. Geico's are always the highest quotes I get. Again no tickets or accidents in 5 years. :oops:
by mickroark
Mon Jan 21, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 7918

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Nope, last game I went to I took an RTD bus to an Oakland Raiders game and had beer spilled all over me.

I was however entertained on the bus ride. It was like a ride that was going to a Federal Prison. :arrow:
by mickroark
Fri Dec 28, 2018 4:04 am
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 108
Views: 18266

Re: When to claim Social Security: two reasons not to wait

The main reason to file at 62 is that people over estimate the day of their death. For a male its about 80 if all goes really well. Longer if you are female. :(
by mickroark
Wed Dec 26, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 8583

Re: What was your best investment in 2018?

American Equity Life Indexed Annuity 12.5% return in 2018. Sweet :moneybag
by mickroark
Wed Aug 15, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 74
Views: 8226

Re: Bullish/bearish on GE? Make your case here - new lows today

I learned a long time ago to never try and catch a falling knife. :arrow: This also applies to stocks. :confused
by mickroark
Thu Jul 12, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Planning ahead: Best way to buy $1M New Home?
Replies: 10
Views: 1602

Re: Planning ahead: Best way to buy $1M New Home?

Wait till the next market crash like 2008. Then buy a bank repo. That's what I did, and got a 400,000 house for 120,000. :sharebeer
by mickroark
Sun May 27, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 56576

Re: GEICO auto rates vs. USAA: too good to be true?

Funny Geico has the highest quotes I get from the top 8 insurance companies. Plus they are rude on the phone. Must be my good looks :sharebeer
by mickroark
Fri May 18, 2018 7:58 am
Forum: Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 4219

Re: Retiring soon - some questions

Unfortunately money does not make one happy in retirement. I have been retired for 8 years and most retired folks I meet are unhappy. Mostly due to family relationships and health issues. If I had life to do over I would work on these for retirement happiness and not money. :oops:
by mickroark
Mon Feb 19, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Geico- big increase Bodily injury liability, property damage liability (WA)
Replies: 11
Views: 1770

Re: Geico- big increase Bodily injury liability, property damage liability (WA)

Geico has always quoted me hi for auto insurance. I call about 16 insurers every two years. I have a credit rating in the mid 800's with no accident or tickets and live in Colorado. The highest quote was Farmers, and the best price was Nationwide. Geico seem to be in the middle. Check around some mo...
by mickroark
Tue Feb 13, 2018 5:15 am
Forum: Personal Investments
Topic: Where To Allocate 600,000 Fixed Income?
Replies: 11
Views: 2403

Re: Where To Allocate 600,000 Fixed Income?

Bitcoins no doubt. Make some money. Expected price by experts on the internet = $50000.00 within weeks.
by mickroark
Mon Feb 12, 2018 1:20 pm
Forum: Personal Investments
Topic: Fixed Index Annuities
Replies: 22
Views: 2279

Re: Fixed Index Annuities

These are great for retirement, but must grow like a mutual fund. So at 65, no they are not good investments. I own one bought at 55 and will receive $5000.00/mo at age 65 guaranteed till I die. If any money is left over in the annuity my spouse will get the death benefit when I pass. :moneybag Plea...
by mickroark
Fri Feb 02, 2018 9:41 am
Forum: Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 10468

Re: What advice would you give yourself if you were 27 again?

I would stay in better health because money means nothing if you don't have it. Join the gym and stay on top of all immunizations and medications, and most of all get a yearly physical.
by mickroark
Sat Sep 02, 2017 9:41 am
Forum: Personal Investments
Topic: Roth IRA Index Annuity
Replies: 23
Views: 2079

Re: Roth IRA Index Annuity

I would keep the annuity because these index annuities are good long term investments. I own one myself but not in a Roth. You must remember that these are long term investments and I mean long term. 12 to 16 years. Otherwise you lose in the short term by paying the surrender charges. The insurance ...
by mickroark
Thu Apr 13, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 6726

Re: Will - what is complicated?

Don't forget you also need a, for each person.

Durable power of attorney
Power of attorney for Health Care
Living Will

ouch
by mickroark
Mon Mar 27, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 19474

Re: Geico insurance rate increase: 26.24% APY?

Try Everquote.com. They will price every carrier all at once for you. I am 65 and as has happened, Nationwide gave me the best quote. Geico I think was second in price.
by mickroark
Fri Feb 24, 2017 6:05 am
Forum: Personal Investments
Topic: What to do with Gold?
Replies: 17
Views: 2893

Re: What to do with Gold?

Gold always zooms higher when we go into a recession and the Fed lowers interest rates. So if your are like me, and you are a buy and hold investor, gold helps you hold on to those stocks when there is fear in on the street. So yes I own IAU, a small amount in this gold etf.
by mickroark
Wed Feb 22, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance (incorrectly) cancelled for non-payment
Replies: 20
Views: 2626

Re: Health insurance (incorrectly) cancelled for non-payment

petesamprs wrote:
mickroark wrote:Seems to me that state law gives you a 30-day grace period, for these type of instances.
Thanks - do you know if there is something specific I can point them to?
You should call your state insurance commissioners office.
by mickroark
Wed Feb 22, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance (incorrectly) cancelled for non-payment
Replies: 20
Views: 2626

Re: Health insurance (incorrectly) cancelled for non-payment

Seems to me that state law gives you a 30-day grace period, for these type of instances.
by mickroark
Thu Feb 02, 2017 9:17 am
Forum: Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 11145

Re: How do you guys ignore this stuff?

There are other investment besides stocks and bonds. Diversify!!!!!
by mickroark
Mon Jan 23, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: American Greed new season kicks off on Saturday
Replies: 17
Views: 2981

Re: American Greed new season kicks off on Saturday

John Elway of the Denver Broncos got scammed out of mucho cash from one of these type of scammers. So its good to know very smart people can be scammed too. Never let your guard down.

ps! Scammer either committed suicide, or is in prison I can't remember.
by mickroark
Tue Sep 20, 2016 9:57 pm
Forum: Personal Investments
Topic: Vanguard's Managed Payout Fund[, opinions, experiences?]
Replies: 17
Views: 3450

Re: Vanguard's Managed Payout Fund[, opinions, experiences?]

This is an excellent fund for a Roth IRA. I have about 40% of my Roth IRA in this fund, and I receive a monthly check. No taxes due. So far I have no complaints, but be careful and talk with your adviser, to see if this fund is appropriate for you.
by mickroark
Tue Sep 20, 2016 9:31 am
Forum: Personal Consumer Issues
Topic: fax to and from email
Replies: 13
Views: 1790

Re: fax to and from email

southbay wrote:why not just email?
Some insurance companies do accept email for financial transactions. They do only USPS mail and fax.
by mickroark
Tue Sep 20, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 13525

Re: Disappointing News Wells Fargo

I just sold my mutual fund at Vanguard that had Wells Fargo stock as its number one holding. :mrgreen:
by mickroark
Wed Sep 14, 2016 7:44 am
Forum: Personal Investments
Topic: Met life Modified Annunity Contract
Replies: 21
Views: 2733

Re: Met life Modified Annunity Contract

Met Life being to big to fail is a false statement. No financial institution is to big to fail. I had an AIG annuity from Vanguard about 7 years ago when the government had to bail out AIG. The Vanguard salesman that sold me the annuity said AIG was to big to fail. My annnity was then sold to Americ...
by mickroark
Tue Sep 06, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage will not convert mutual fund to ETF
Replies: 58
Views: 12958

Re: Vanguard brokerage will not convert mutual fund to ETF

The question for me would be why would someone want to convert from vscsx to vcsh. The expense ratio is the same , I think I would prefer to hold the mutual fund myself.
by mickroark
Mon Aug 29, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with my underwater house, sink or swim?
Replies: 29
Views: 5063

Re: What to do with my underwater house, sink or swim?

Zillow estimates are usually 20% to 25% high in our area. You should see what's selling and at what price in your neighborhood from a realtor.
by mickroark
Sat Aug 13, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any lawyers out there. Bike hits car, minor and parents have no insurance
Replies: 91
Views: 11187

Re: Any lawyers out there. Bike hits car, minor and parents have no insurance

In Colorado its against the law to drive without insurance. When an uninsured driver rear ended me causing $1400.00 in damages they were unable to pay. So I complained to the local police and they arrested the driver and the courts issued a restitution order. They garnished his wages when he got a j...
by mickroark
Thu Aug 11, 2016 10:41 pm
Forum: Personal Investments
Topic: Retirement on the horizon - cash sitting - what to do?
Replies: 9
Views: 2138

Re: Retirement on the horizon - cash sitting - what to do?

Hire a certified financial planner. And hire an estate planning attorney. Sooner rather than later.
by mickroark
Wed Jul 27, 2016 7:49 pm
Forum: Personal Investments
Topic: Think larva stage when I say "newbie" [buy an annuity?]
Replies: 25
Views: 2751

Re: Think larva stage when I say "newbie" [buy an annuity?]

:greedy Annuities are best bought when you are young and have time to let them grow. They might grow slower than the stock market, but you can sit out the volatility and be safe. For this privilege you pay a fee, but so do most stock market investors even though they dispute this. Most stock investo...
by mickroark
Tue Jul 26, 2016 9:15 am
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 10767

Re: What is your plan if you loose job tomorrow ??

Lost my job 5 years ago and just said the heck with it and went fishing. Gone fishing ever since and having a blast. Fun is worth more to me than money, because all my relatives died with way too much money.
by mickroark
Tue Jul 26, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Check Fraud
Replies: 26
Views: 4309

Re: Check Fraud

I have experienced check fraud, and I need to tell you that you will need to wait for the police to investigate this. They will need proof of the fraud to present to the to the county prosecutors office. This could even involve a photo lineup. This also could take a year or two maybe more. I think i...
by mickroark
Sat Jul 16, 2016 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Due I need medical auto insurance-I have Medicare?
Replies: 9
Views: 1435

Re: Due I need medical auto insurance-I have Medicare?

If I read my policy correctly medical payments in the amount of $5000.00 will pay for me only, if I am in a at-fault accident. And I think if my passenger is hurt the liability coverage would pay for him or her. Anyone know for sure?