Search found 666 matches

by exoilman
Mon Sep 24, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: Investing my first million
Replies: 46
Views: 7311

Re: Investing my first million

Congrats. A liquidity event is a sweet path to success and the actual sell should be cheered once and never looked back on. A couple comments: 1. Luck will not automatically keep following you and developing conservative investing strategies is recommended. Forget ML. They will look to sell you stu...
by exoilman
Sun Sep 09, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 18662

Re: Why Bull Markets Are Dangerous

I've faced bear markets in the past with confidence, never selling. During the last bear market go rounds I've rebalanced cash into stock as the market tanked and was happy to be buying low. The difference between now and then is that I'm now retired, and while I don't think I would panic if there ...
by exoilman
Sat Sep 01, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 302
Views: 31208

Re: U.S. stocks continue to soar!

For anyone taking RMD's for the last 9 years VTASX has proven worthwhile. This is my 4th in December and my account was worth more each year. My wife starts in 2 years so moving some to VMFXX for her withdrawals. I am also doing same. Perhaps someone here can calculate growth with dividend and capit...
by exoilman
Sun Aug 19, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14912

Re: As an American, where are some great places in the world to retire?

livesoft wrote:
Tue Aug 14, 2018 3:19 pm
Near the grandchildren seems to be a top choice for many people I know.
+1
by exoilman
Tue Aug 07, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 13840

Re: "Age in Bonds" fails almost everyone

Grt2bOutdoors wrote:
Mon Aug 06, 2018 4:56 pm
It doesn’t fail those who have “enough”, don’t need to chase thrills and don’t listen to “experts” who have not experienced a severe and lasting bear market while being unemployed and under severe financial distress. Personal finance is different for every individual because it is personal.
+1
by exoilman
Fri Aug 03, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: FYI: Goldman Mid-Year Outlook
Replies: 4
Views: 741

Re: FYI: Goldman Mid-Year Outlook

Thanks for posting.

Sam
by exoilman
Sat Jul 21, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: CDARS
Replies: 1
Views: 223

CDARS

A friend mentioned that he knew of a bank that is offering 2.75% on a 18 month CD through CDARS. Is there some caveat I should know about?

Thanks in advance for your replies.

Sam
by exoilman
Thu Jul 05, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5879

Re: How to tip

Invest4lt wrote:
Wed Jul 04, 2018 4:26 pm
20% on the entire tab. Sometimes more if great service or special accommodation.
+1
by exoilman
Fri Jun 22, 2018 4:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mel Lindauer
Replies: 22
Views: 1619

Re: Happy Birthday Mel Lindauer

Happy Birthday :sharebeer

Thanks for all your great advice over many years.

Best
Sam
by exoilman
Tue Jun 19, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Carpet Installers- Tipping?
Replies: 22
Views: 1924

Re: Carpet Installers- Tipping?

I buy lunch for work crews, everyone on the job site. If it's not practical, I give the Foreman some money to hand out to the crews for lunch. Also, provide water, etc, when they are working if I can. And, thank and praise everyone for good work as much as I can. Coming from the trades, I know how ...
by exoilman
Tue Jun 19, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 9140

Re: gray hair

Does gray include silver? :?

Sam
by exoilman
Sat Jun 09, 2018 6:39 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Fox Business Channel Friday June 8
Replies: 65
Views: 5976

Re: Jack Bogle on Fox Business Channel Friday June 8

Frankly, I was surprised that (a) Jack agreed to be on this Fox program and, (b) that Maria chose to have him as a guest. Unfortunately, most of her guests are closely associated with Wall Street. But when she began her questions loaded with the oft-repeated criticisms of indexing, I understood. I ...
by exoilman
Thu May 17, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 38377

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

SpringMan wrote:
Wed May 16, 2018 7:30 pm
We were in a lower bracket when we retired but once RMDs kicked in at age 70.5 that was no longer the case. I consider this a good problem to have.
+1
by exoilman
Mon May 14, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMD's in 2 3/4 years
Replies: 4
Views: 596

Preparing for RMD's in 2 3/4 years

My wifes Vanguard account has been TSM for all the years she has invested. I am thinking 50% Wellington and 50% Wellesley now. This way we can rebalance when necessary or take RMD based on how we feel market conditions dictate. Our thinking is that the TSM has done well and now should not be forced ...
by exoilman
Fri Apr 20, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Do Apple products need Norton anti Virus?
Replies: 12
Views: 1198

Do Apple products need Norton anti Virus?

We recently replaced our HP with an IMAC computer. The salesperson said we no longer needed Norton. Do I need any anti virus protection for the IMAC?

Thanks
Sam
by exoilman
Sat Apr 14, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 21417

Re: Tipping for restaurants where you order at the counter

I tip often, including situations where most would not tip at all, and amounts greater than people would expect. Absolutely, I would leave a tip in the situation described by the OP. Most of these people have crappy jobs and really need the money. And I tip even more if it's a young kid. I freaking...
by exoilman
Sat Apr 14, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 21417

Re: Tipping for restaurants where you order at the counter

mega317 wrote:
Mon May 15, 2017 1:13 am
I usually just tip even though it's probably not justified. The few dollars mean more to them than me.
:sharebeer
by exoilman
Thu Apr 12, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 11995

Re: Wanting to leave Fidelity

Always passive wrote:
Thu Apr 12, 2018 11:51 am
Before you go through the effort of moving to another institution, make sure that you will get a better service. I have had my money at Fidelity for 25 years and I find their service exceptional.
+1
by exoilman
Sat Apr 07, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 17998

Re: What can we learn from secret millionaires.

When will millionaire be replaced with multimillionaire? I remember John Beresford Tipton handing out a million in the late fifties. :D

Sam
by exoilman
Thu Mar 29, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments hard sell
Replies: 40
Views: 42721

Re: Fisher Investments hard sell

"I wonder how they pay for all that expensive advertising and agents that go to your house......" AUM fees on accounts that require minimal hourly commitment are extremely lucrative. A $1MM IRA, once set up, will require maybe 5 man-hours per year of investment management time with today's technolo...
by exoilman
Thu Mar 29, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Letter of Final Instructions"
Replies: 52
Views: 13772

Re: "Letter of Final Instructions"

Reference

Thank you Taylor
by exoilman
Tue Mar 27, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 9246

Re: How old were you when you started spending your “principal”?

Gill wrote:
Sun Mar 25, 2018 3:15 pm
Don't know yet. Have been retired for 15 years and the portfolio is still larger than when I retired in spite of spending principal each year.
Gill
Retired 15 years, same here :sharebeer
by exoilman
Wed Mar 21, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: NJ muni's, funds or individual
Replies: 7
Views: 777

Re: NJ muni's, funds or individual

Perhaps I didn't state my question accurately. Your recommendation is exactly what I want. 3% NJ tax free fund gets to > 5% taxable equivalent. I will start looking at Vanguard, Fidelity, and some others.

Thanks
Sam
by exoilman
Mon Mar 19, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: NJ muni's, funds or individual
Replies: 7
Views: 777

NJ muni's, funds or individual

Hello, For a taxable account, federal and NJ state tax free funds or individual muni's. We are in the 32% fed. and 6.7% NJ tax bracket. Is there any out there that would equate to >5% tax free? Does that tax free income get added to AMT? The SALT has affected us and I assume this will help? Thanks Sam
by exoilman
Wed Mar 07, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 178
Views: 19785

Re: Is Cash Trash? The Purpose of Cash

This is another way of saying the same as Rick, but adding in risk tolerance. Holding cash as a portfolio position provides benefits for aggressive traders as well as investors with less tolerance for risk. Aggressive traders can take advantage of portfolio liquidity for opportunistic purchases, wh...
by exoilman
Fri Feb 23, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 41486

Re: What UN-frugal thing do you do?

:sharebeer
randomizer wrote:
Wed Feb 21, 2018 4:27 pm
Splurging on food and drink. One of the good things about being alive.
:sharebeer
by exoilman
Sun Jan 28, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Home Alarm Systems
Replies: 16
Views: 1900

Home Alarm Systems

Hello All, I want to put a complete system in our home. I would appreciate some recommendations as to providers and needs, e.g. windows, doors, cameras, 911, fire etc. We live in a three floor townhome. Also wireless is my preference. I am not interested in DIY so anyone with systems like ADT etc. w...
by exoilman
Thu Nov 30, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 11456

Re: Which crash have you seen it before it is coming?

I've been waiting for a 10% correction for two years now. My "dry powder" is getting dryer.

Sam
by exoilman
Tue Oct 24, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 14007

Re: Can one have too much money in tax-deferred

I have a problem with the phrase "too much" in this regard, but RMDs will be expensive for us. Unless my wife retires this afternoon, which is looking less and less likely as it's already after 2PM, she will probably work for another few years and have deferred (involuntary) compensation whose vest...
by exoilman
Mon Oct 23, 2017 6:33 am
Forum: Personal Consumer Issues
Topic: What is the best thing to use to hang pictures?
Replies: 34
Views: 3196

Re: What is the best thing to use to hang pictures?

Hyperborea wrote:
Sun Oct 22, 2017 2:17 pm
I like these hangers. They work well, there is no drilling just a hammer so easier to clean up when the picture is removed, and they have models designed for different weights.

http://www.ooks.com/index.html

Image

+1 :thumbsup
by exoilman
Sat Oct 21, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36605

Re: Does anyone here with net worths north of $1 mil use financial advisors?

joe8d wrote:
Fri Oct 20, 2017 7:54 pm
No. Always been DIY.
+1

Learned from my own mistakes in the early seventies.

Sam
by exoilman
Fri Oct 20, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6436

Re: just hit the two comma club today...some thoughts

Congrats! :sharebeer Onwards and upwards. Most millionaires did not get there by luck, windfalls or inheritances. They arrived by taking little steps that compounded into giant great leaps over time with occasional bumps in the road. Good work! Couldn't agree more! :sharebeer Check article below. C...
by exoilman
Mon Oct 09, 2017 6:30 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8704

Re: Has your "risk tolerance" been tested?

exoilman wrote:
Sat Oct 07, 2017 9:10 am
Age and assets will affect some of the of the answers.

Sam age 74 and no need to take risk.
Sorry I forgot to mention ~ 35/75 and will consider raising equity to 40/60 if market corrects 10% from current.

Sam
by exoilman
Sat Oct 07, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8704

Re: Has your "risk tolerance" been tested?

Age and assets will affect some of the of the answers.

Sam age 74 and no need to take risk.
by exoilman
Sat Oct 07, 2017 6:17 am
Forum: Investing - Theory, News & General
Topic: Are stocks going up only because all the alternatives are lousy?
Replies: 45
Views: 6134

Re: Are stocks going up only because all the alternatives are lousy?

Standard Boglehead disclaimer, I realize I know nothing, so I keep investing according to my plan. However, if I was inclined to listen to my own suspicions, I would say we have expanded the money supply greatly, but the inflation monster is nowhere to be found. Perhaps increased wealth inequality ...
by exoilman
Wed Sep 27, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable [Distributions] from Vanguard
Replies: 12
Views: 1763

Re: Qualified Charitable Deductions from Vanguard

Why would they withhold tax on a qcd? this explains https://www.google.com/search?source=hp&q=qcd+tax+reporting&oq=qcd+tax&gs_l=psy-ab.1.1.0l2j0i22i30k1l2.3216.7555.0.10415.7.7.0.0.0.0.160.995.0j7.7.0.dummy_maps_web_fallback...0...1.1.64.psy-ab..0.7.995...46j0i131k1j0i131i46k1j46i131k1j0i46k1.0.49C...
by exoilman
Sun Sep 24, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 12109

Re: Retirees, what is your marginal tax rate?

CurlyDave wrote:
Sat Sep 23, 2017 1:06 pm
Marginal rates: 28% Federal, 9% state.

Sure, I would like it to be lower, but this is a good problem to have.
+1 :sharebeer
by exoilman
Fri Sep 22, 2017 7:56 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 12109

Re: Retirees, what is your marginal tax rate?

Swansea wrote:
Fri May 12, 2017 2:52 pm
25% now, but may change once I start RMDs.
Similar for me and now RMD's for last 3 years bumped us into 33%. So now restructuring taxable acct. to munis and federal tax free. Also some non dividend stocks and ETF's for future growth.

Sam
by exoilman
Sun Sep 17, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 8254

Re: Physiological effects of Early Retirement in peak earning years.

Raybo wrote:
Sat Sep 16, 2017 6:11 pm
My father died when he was 58. I retired as early as I could.
Same here, I retired at 58 in 2003

Sam
by exoilman
Fri Sep 15, 2017 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Wash rule question
Replies: 5
Views: 574

Wash rule question

I am taking some tax losses in my taxable account. Can I buy the same security in my IRA account without waiting for the 30 day wash rule?

Thanks
Sam
by exoilman
Mon Sep 04, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: NJ municipal bonds
Replies: 5
Views: 878

NJ municipal bonds

I am interested in purchase of high quality NJ muni's. I am in the 33% tax bracket and my RMD's are substantial. Any recommendations will be appreciated.

Thanks
Sam
by exoilman
Thu Jul 06, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Wash rule
Replies: 2
Views: 585

Wash rule

If I were to sell my XOM stock (at a loss) and buy equal dollar value XLE same day is that a violation of wash rule?

Sam
by exoilman
Thu Jun 22, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: IRA friendly MLP's
Replies: 2
Views: 400

IRA friendly MLP's

Are there any that don't require K-1 or have any other tax implications?

Thanks
Sam
by exoilman
Mon Jun 05, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: NJ Lemon Law 2017 Honda CRV
Replies: 25
Views: 7715

Re: NJ Lemon Law 2017 Honda CRV

A jumper is not a solution. If a lead acid battery is discharged and remains discharged, it will be damaged. It accelerates the sulfation process that leads to battery death. If you have a significant parasitic load, you will need to keep it on a maintenance charger to avoid damage to the battery. ...