Search found 96 matches

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: 67
Views: 6291

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: 1493

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: 185
Views: 36597

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: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3663

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: 1541

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: Investing - Help with Personal Investments
Topic: Where To Allocate 600,000 Fixed Income?
Replies: 11
Views: 1975

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: Investing - Help with Personal Investments
Topic: Fixed Index Annuities
Replies: 22
Views: 1833

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: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 9551

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: Investing - Help with Personal Investments
Topic: Roth IRA Index Annuity
Replies: 23
Views: 1891

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: 6035

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: 14150

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: Investing - Help with Personal Investments
Topic: What to do with Gold?
Replies: 17
Views: 2622

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: 2403

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: 2403

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: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 10226

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: 2856

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: Investing - Help with Personal Investments
Topic: Vanguard's Managed Payout Fund[, opinions, experiences?]
Replies: 17
Views: 3264

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: 1607

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: 12387

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: Investing - Help with Personal Investments
Topic: Met life Modified Annunity Contract
Replies: 21
Views: 2560

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: 10272

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: 4638

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: 9840

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: Investing - Help with Personal Investments
Topic: Retirement on the horizon - cash sitting - what to do?
Replies: 9
Views: 2073

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: Investing - Help with Personal Investments
Topic: Think larva stage when I say "newbie" [buy an annuity?]
Replies: 25
Views: 2307

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: 8950

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: 4042

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: 1203

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?
by mickroark
Fri Jul 15, 2016 10:21 am
Forum: Personal Consumer Issues
Topic: What to do with old car?
Replies: 10
Views: 1195

Re: What to do with old car?

I did a google search for companies that would give me a crusher scrap metal price. I did not want to drive it to the crusher, because I did not have insurance. I found a public company listed on the NASDAQ that came out and gave me a check for like $600.00, and towed it away. Could not of been happ...
by mickroark
Thu Jul 14, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2545

Re: My First RMD

Sure glad mine is in a Roth and I don't have to think about that one. :greedy
by mickroark
Fri Jul 08, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of purchasing a home, talk me out of it. can my plan work?
Replies: 47
Views: 4650

Re: thinking of purchasing a home, talk me out of it. can my plan work?

My advise is don't buy a home as an investment. With interest rates as low as they are we are now in a bubble. Homes are not liquid investments and after taxes and insurance and upkeep, homes can be a burden. But buying a home for a nice place to live is a different story. Some people need the space...
by mickroark
Mon Jul 04, 2016 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 7412

Re: Why is everyone everywhere saying to buy gold?

I have always owned gold an always will. I own a small amount as a currency hedge. I own an IAU ETF in my Vanguard brokerage account. I avoid trying to time the market with Gold.
by mickroark
Fri Jul 01, 2016 12:36 pm
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6064

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

My secondary market annuity was issued by Met Life, and I am on my second year of monthly payments. They have never missed a payment, and they do a direct deposit to my US Bank account. So like you, I did have second thoughts about the state guarantee associations, this is why I bought thru a known ...
by mickroark
Fri Jul 01, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6064

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

These are secondary market brokered spia's. You need to search thru a broker or secondary marketer.
by mickroark
Fri Jul 01, 2016 9:35 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6064

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

NO that's 3.75% per year for 3 years.
by mickroark
Fri Jul 01, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: R.I.P. CIT Bank 3.25% brokered CD (called)
Replies: 49
Views: 6064

Re: R.I.P. CIT Bank 3.25% brokered CD (called)

I used to buy brokered CD's but now I buy brokered SPIA annuities. I just bought one that pays out for 3 years. You get your principal and 3.75% interest (tax deferred) paid back in 3 years. No calls here. :sharebeer
by mickroark
Tue Jun 21, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to start direct bond investing.
Replies: 22
Views: 2171

Re: Wanting to start direct bond investing.

I used to buy individual bonds in my Vanguard brokerage account. I bought a AAA school bond issued by Detroit Public Schools. Almost lost all my money, but was wise when the news first hit and I sold. There is no risk free investments, and the use of a mutual fund helps protect you in case one (bond...
by mickroark
Thu Jun 16, 2016 8:31 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 10713

Re: Bogle says "You don't need bonds ?"

Funny things happen, as my two Vanguard bond funds hit a 52 week hi yesterday. :dollar
by mickroark
Tue Jun 14, 2016 8:45 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 19203

Re: Any Porsche 911 owners here?

My boss had a one, but unfortunately the bank repossessed it. Another one of those living beyond his or her means. My dad said if you cannot pay cash for something, then you cant afford it. :oops:
by mickroark
Tue Jun 14, 2016 6:56 am
Forum: Personal Consumer Issues
Topic: Help! Microsoft kills WIN Live Mail-2012
Replies: 22
Views: 2967

Re: Help! Microsoft kills WIN Live Mail-2012

I use centurylink.net as an ISP, and they have their own email server. Before that I used Thunderbird and it was just ok.
by mickroark
Fri Jun 10, 2016 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Investor (VPGDX)
Replies: 4
Views: 1579

Re: Vanguard Managed Payout Investor (VPGDX)

I am using it to take distributions out of my Roth IRA. So far so very good. I am only using it for a portion of my Roth IRA, but if it keeps up like it has I will add more. :sharebeer :moneybag
by mickroark
Tue Jun 07, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: After 30 yrs at Megacorp my IT job was surplussed...
Replies: 52
Views: 8133

Re: After 30 yrs at Megacorp my IT job was surplussed...

Spend that money now and enjoy it. It does not spend well at 6 feet under. I have witnessed that most retirees live around 5 years, depending on if they smoked or not. My father in law just passed away with too much money leftover, he always told to me you cannot take it with you. Its true believe me.
by mickroark
Sat Jun 04, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Looking for good home insurance
Replies: 16
Views: 2196

Re: Looking for good home insurance

I got quotes recently because Allstate was doing the same thing to me. I quoted every property insurance company on the planet and went with Nationwide. I have a good clue rating so I thing that helps some, but what I noticed is that most companies had a vastly different figure of my homes real valu...
by mickroark
Thu Jun 02, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross and his June 2016 investment outlook
Replies: 50
Views: 6838

Re: Bill Gross and his June 2016 investment outlook

Buy annuities and you don't have to think of all that nonsense. Its kind of like (nothing new in the world).
by mickroark
Tue May 31, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: looking to replace my old fridge from 1992
Replies: 12
Views: 1596

Re: looking to replace my old fridge from 1992

I bought a Whirlpool in 1975 at my first condo and moved it to a house I bought in 1984. Still runs great, and I have only replaced a $48.00 fan part in that long of time. So its 41 years old and still runs like new. Take that and shove it in your inflation hedge.
by mickroark
Sat May 28, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3352

Re: "Indexed Annuities: The Big Lie" by Don McDonald

Sounds kind of like kinder garden. I will show you mine if you show me yours.
by mickroark
Sat May 28, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3352

Re: "Indexed Annuities: The Big Lie" by Don McDonald

What crazy thing about this discussion is that it seems these annuities are only bought in or near retirement. Yes they are bad investments then. These products are best suited for someone in their 30-40's. With time to grow and no loss of principal, they will easily outperform stocks and bonds for ...
by mickroark
Sat May 28, 2016 7:13 am
Forum: Personal Finance (Not Investing)
Topic: "Indexed Annuities: The Big Lie" by Don McDonald
Replies: 26
Views: 3352

Re: "Indexed Annuities: The Big Lie" by Don McDonald

Boy, I bought my equity index annuity in 2008 and it has done exactly what I bought it for. But I never got that steak dinner. Maybe I should call my insurance company.
by mickroark
Tue May 17, 2016 5:50 pm
Forum: Personal Consumer Issues
Topic: Verizon Fios Customers - Watch your invoice
Replies: 8
Views: 1436

Re: Verizon Fios Customers - Watch your invoice

Telecommunication companies have the highest consumer complaints than any other industry in the USA. :twisted: