Search found 1181 matches

by Mr.BB
Tue May 26, 2020 5:18 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4241

Re: Any retirees get through Covid crisis without large cash reserve?

If we were retired, collecting our SS checks and pension checks, and they covered most of our expenses, then I can see a reduced need for a separate EF. However, if a person is still in the accumulation stage [...] The OP specifically asked about retirees. Sorry, I missed that. Thank you for the co...
by Mr.BB
Tue May 26, 2020 4:55 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4241

Re: Any retirees get through Covid crisis without large cash reserve?

We haven't had significant cash reserves in decades. Retired in 2007. I think I unwound our EF in the mid-90s. Bogleheads: Like others, I haven't had significant cash reserves in decades. If an emergency arrives I know I can get money from my bank, credit card, portfolio, etc.. I think it is usuall...
by Mr.BB
Sun May 24, 2020 8:23 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 44
Views: 4418

Re: Question about Edward Jones disapproval

Just run a basic expense ratio calculator on funds charging 5.75% front loaded ( E.J loves using them) not to mention another 1.35% yearly base fee. Run it for 10-20 years and you'll see why most people here are in the "runaway as fast as you can camp."
by Mr.BB
Sun May 17, 2020 8:34 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 133
Views: 10000

Re: What single individual stock would you buy?

I picked up ZBH, MSFT, and DIS a few weeks back....Long term holds.
by Mr.BB
Sat May 16, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Emergency Fund?
Replies: 16
Views: 1541

Re: Increase Emergency Fund?

Like most people we don't know what the next few months will bring, which is another way of saying "better safe than sorry." What if you take the next few months and reduce your 401k savings and funnel that money toward your emergency fund. If anything happens to your job you will be happy you did t...
by Mr.BB
Sat May 16, 2020 5:58 am
Forum: Personal Consumer Issues
Topic: How to get disinfecting wipes..seriously
Replies: 87
Views: 6195

Re: How to get disinfecting wipes..seriously

Just got a 3 pkt (75 wipes per pack) ordered on Amazon.
by Mr.BB
Fri May 15, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5211

Re: Secrets to a great lawn

Astroturf!..<JK> I'm the last person who should talk on this subject. I have been known to kill plastic plants :D
by Mr.BB
Tue May 12, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4101

Re: What age do you use for retirement end date?

You said by age 75 you won't care about buying things and income. I work with plenty of people in their mid-seventies and I think you're completely wrong on that assumption. What if your mental faculties are absolutely fine and your brain is sharp. As I said I know a lot of people in their 70's, and...
by Mr.BB
Thu May 07, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: Should you tip landscapers?
Replies: 51
Views: 3247

Re: Should you tip landscapers?

You could buy them lunch for the day instead of a direct tip.
by Mr.BB
Tue May 05, 2020 8:27 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16252

Re: Neighbor’s contractor wants to access our property

If you do choose to allow the contractor access to your property you should make sure they sign an agreement that you are not responsible for any injuries if they are on your property as well as any "sub- contractors" the contractor may use.
by Mr.BB
Thu Apr 30, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31481

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

Good Morningstar podcast The Long View an interview with Wade Pfau. 'The 4% rule is no longer safe"
https://www.morningstar.com/podcasts/the-long-view
by Mr.BB
Thu Apr 30, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Safe Driving App
Replies: 45
Views: 3120

Re: State Farm Safe Driving App

One of the biggest "factors" they use in these programs is how fast you take off from a stop. In a world where personal privacy is quickly disappearing, I am not going to give the insurance companies any more information about how I drive (which they could realistically use against you for higher ra...
by Mr.BB
Wed Apr 29, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with extra money?
Replies: 20
Views: 1799

Re: What to do with extra money?

I would sit on that cash for an extra six months. First you have to see if you will get your job back, also what if there is a second wave of shut downs. Having that extra cash in hand for six months will do more for you then paying down your car or mortgage. If everything starts getting back to nor...
by Mr.BB
Wed Apr 29, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 22
Views: 2177

Re: Can I retire?

Why would you want to live on basically 12k a year the rest of your life? That is basically poverty level income.
And that is assuming nothing is going to change (your medical/health situation, etc).
by Mr.BB
Tue Apr 28, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: [Jim Cramer] "Stop Buying Index Funds"
Replies: 37
Views: 6037

Re: [Jim Cramer] "Stop Buying Index Funds"

The biggest problem when you are listening someone like Cramer or other financial experts is that it is a one-way conversation. When he is making these predications and picks there is no one on the other side going 'look at your past results, how do you explain this?" Remember when he was on with Jo...
by Mr.BB
Thu Apr 23, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Exit Interview
Replies: 78
Views: 5765

Re: Exit Interview

You don't know if this supervisor won't end up being your boss again at another job in the future. Risk/Reward...it's not worth it.
by Mr.BB
Sat Apr 18, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 159
Views: 4486

Re: Long Term Care Insurance

The arguments for having long term care insurance are at least as compelling as the arguments for having liability insurance or life insurance. You're actually more likely to spend a few hundred $K on a nursing home stay than on a lawsuit settlement, and you're more likely to end up in a nursing ho...
by Mr.BB
Fri Apr 17, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 159
Views: 4486

Re: Long Term Care Insurance

The arguments for having long term care insurance are at least as compelling as the arguments for having liability insurance or life insurance. You're actually more likely to spend a few hundred $K on a nursing home stay than on a lawsuit settlement, and you're more likely to end up in a nursing ho...
by Mr.BB
Fri Apr 17, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: How to deal with loud neighbor bass noise in NYC
Replies: 34
Views: 1801

Re: How to deal with loud neighbor bass noise in NYC

Invite him down to your apartment before he lowers the music so he can hear what you hear.
by Mr.BB
Thu Apr 16, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 231
Views: 32333

Re: Car Dealers not really wanting to make a deal

The end of the month is one of the best times to buy a car. Dealers need to close out their numbers for that month, it also helps them with their advertising saying they are #1 in sales..etc.
by Mr.BB
Wed Apr 15, 2020 1:55 pm
Forum: Investing - Theory, News & General
Topic: Investor says Stock Market Gains will only be 2% a year next 20 years
Replies: 110
Views: 9906

Re: Investor says Stock Market Gains will only be 2% a year next 20 years

HappyJack wrote:
Tue Apr 14, 2020 9:52 pm
If he’s so smart how is it he’s still working.
Some people continue working because they enjoy their job.
by Mr.BB
Sun Apr 12, 2020 1:58 pm
Forum: Personal Investments
Topic: Advice for relative who wants guaranteed lifetime income
Replies: 62
Views: 3525

Re: Advice for relative who wants guaranteed lifetime income

Are they going to be maxing out their SS benefits? If not, they may be better off using the IRA money to hold off taking their SS until age 70.
by Mr.BB
Sat Apr 11, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14396

Re: What have you learned from this situation that you will take action on?

#2...think of it this way. If I told you to stand in front of a painting of a busy park scene (people, various activities, animals, weather, etc.. you can only see so much; basically it is living in the moment. As you step further away from the painting, all the little nuances that could not see wil...
by Mr.BB
Wed Apr 08, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14396

Re: What have you learned from this situation that you will take action on?

Same thing I learned in the 2008 crash. 1) This is the real test of your asset allocation tolerance. 2) You really won't understand any aspect of this downturn until at least 3 years from now. 3) If you can stay employed throughout this and continue to fund (to some level) your retirement accts you...
by Mr.BB
Wed Apr 08, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14396

Re: What have you learned from this situation that you will take action on?

Same thing I learned in the 2008 crash. 1) This is the real test of your asset allocation tolerance. 2) You really won't understand any aspect of this downturn until at least 3 years from now. 3) If you can stay employed throughout this and continue to fund (to some level) your retirement accts you ...
by Mr.BB
Sun Mar 29, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 121
Views: 11678

Re: Market will be at all time high by year-end

I have a prediction that the market will be at an all time high by 12/31/2020. This thread will be revisited on that date to show the genius that I am. I hope you are right, though I really doubt it. However, I do know if you are right you will show up to acclaim your genius (and rightfully so), bu...
by Mr.BB
Fri Mar 27, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: SWAN [your sleep well at night number]
Replies: 6
Views: 590

Re: SWAN [your sleep well at night number]

Right now our SWAN number is employment. If we can stay employed during this recession then I think that will carry us through to retirement in 6 years. After that, this current economic lesson shows me that I would like to have a full two years of an EF available at retirement (currently one year)....
by Mr.BB
Thu Mar 26, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5730
Views: 489961

Re: New Bull Market!

Wait till they post the GDP numbers. That will be a wake up call. Everything's going depend on how quickly people can go back to work... nothing else. Nope, GDP numbers will be terrible but predictable and most likely priced in. Stop thinking short term. You can’t predict the market, nobody can I'm...
by Mr.BB
Thu Mar 26, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5730
Views: 489961

Re: New Bull Market!

Wait till they post the GDP numbers. That will be a wake up call. Everything's going depend on how quickly people can go back to work... nothing else.
by Mr.BB
Tue Mar 24, 2020 3:04 pm
Forum: Personal Consumer Issues
Topic: What's cheap right now?
Replies: 33
Views: 3744

Re: What's cheap right now?

bob60014 wrote:
Mon Mar 23, 2020 9:05 am
All this cheap gas and nowhere to go!
+1
by Mr.BB
Sun Mar 22, 2020 4:39 pm
Forum: Personal Investments
Topic: Is Now the Time to Invest Emergency Fund?
Replies: 8
Views: 574

Re: Is Now the Time to Invest Emergency Fund?

OP edited. For what it's worth, I'm a military officer (O-4), if that changes anything regarding emergency fund size, need for an emergency fund, concerns of losing my job, etc. I really appreciate any and all opinions. Thank you for those of you who have shared already! An emergency fund is just n...
by Mr.BB
Sun Mar 22, 2020 1:18 pm
Forum: Personal Investments
Topic: Is Now the Time to Invest Emergency Fund?
Replies: 8
Views: 574

Re: Is Now the Time to Invest Emergency Fund?

No! This is the time that should be grateful that you have an emergency fund. If anything I think the 3-6 month recommendation should be expanded to 8-12 months. How quickly we forgot the lessons of 2008.
by Mr.BB
Sun Mar 22, 2020 8:14 am
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 155
Views: 20852

Re: Where's Warren Buffett During This Crisis?

bpr wrote:
Sat Mar 21, 2020 3:26 pm
I am guessing he is looking into Boeing and Disney
+1
Not to mention a few other companies. He always reminded me of a sniper. Very patient just sits and waits for his opportunity.
by Mr.BB
Sat Mar 21, 2020 8:28 am
Forum: Personal Investments
Topic: One simple thing this 50 yo learned...
Replies: 61
Views: 9402

Re: One simple thing this 50 yo learned...

Going forward it'll be interesting to see how "the experts" view emergency funds the basic was three to six months. Will that be expanded to eight months to a year? We have a one year emergency fund based on current budget conditions. However I can expand it to possibly 2 years total if things get t...
by Mr.BB
Wed Mar 18, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: Okay, now when you do buy back in?
Replies: 230
Views: 21565

Re: Okay, now when you do buy back in?

I'm surprised they didn't stop the markets like they did in 9/11. I can see them stopping for a few days hopefully they get some kind of announcement on a vaccine or government programs to help businesses to calm down these markets a little bit.
by Mr.BB
Wed Mar 18, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: Cruise cancelled [take refund or future credit?]
Replies: 51
Views: 2682

Re: Cruise cancelled [take refund or future credit?]

Take the refund now. Odds are you could probably get the same cruise later on at a significant discount.
by Mr.BB
Tue Mar 17, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Intermediate Bond fund question
Replies: 1
Views: 223

Intermediate Bond fund question

Is there any concern that our intermediate bond fund, though holding up well (2% YTD) could get pulled down badly with the rest of the market? Our 401k bond index fund is through BlackRock as holds most of it's assets in 47% in government / 21% corporate/ 17% Agency mortgage-backed. Over half of it'...
by Mr.BB
Mon Mar 16, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41853

Re: The Calm Post - Stay the course thread.

The hardest part about a bear market and a possible recession is not the long term advantages of adding to your portfolio when the market is down, but being employed so you have the income to do so. 100%. I am feeling a lot of guilt tapping into my Emergency Fund to "buy the dip". Everyone is screa...
by Mr.BB
Mon Mar 16, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41853

Re: The Calm Post - Stay the course thread.

The hardest part about a bear market and a possible recession is not the long term advantages of adding to your portfolio when the market is down, but being employed so you have the income to do so.
by Mr.BB
Mon Mar 16, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: Bob Brinkers Marketimer Alert
Replies: 25
Views: 4152

Re: Bob Brinkers Marketimer Alert

Even though he gave out good sound advice, I believe he completely missed calling the 2008 crash. It's very hard to be right all the time on both ends of the equation.
by Mr.BB
Wed Mar 11, 2020 7:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 343
Views: 94543

Re: Vanguard's Wellesley Income fund is incredible

VWINX and PRWCX account for 20% of our portfolio. Very happy with both. They provide a lot of stability.
by Mr.BB
Wed Mar 11, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: The value of having an emergency fund
Replies: 13
Views: 1115

Re: The value of having an emergency fund

I know there are different views here on the value of having an emergency fund. But during times like these and the increased possibility of unemployment rates increasing across the board (especially if this continues for another month or two), I am very happy to have a larger emergency fund for sa...
by Mr.BB
Wed Mar 11, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: The value of having an emergency fund
Replies: 13
Views: 1115

The value of having an emergency fund

I know there are different views here on the value of having an emergency fund. But during times like these and the increased possibility of unemployment rates increasing across the board (especially if this continues for another month or two), I am very happy to have a larger emergency fund for saf...
by Mr.BB
Tue Mar 10, 2020 8:50 am
Forum: Investing - Theory, News & General
Topic: Who here is buying stocks today and how much?
Replies: 295
Views: 25690

Re: Who here is buying stocks today and how much?

Buying some more of one of my funds today.
by Mr.BB
Mon Mar 09, 2020 1:25 pm
Forum: Personal Investments
Topic: Market down over 6% today
Replies: 56
Views: 5914

Re: Market down over 6% today

I just remember how bad it was in 2008 basically 50% across the board. There was a lot of things wrong with our economy. I just don't think it's going to be as bad as that. We can see a good 25-30 percent pullback simply because business's slowing down because of the virus(no one knows for sure). Bu...
by Mr.BB
Fri Mar 06, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: How is this possible? Is Alexa spying on me?
Replies: 110
Views: 8153

Re: How is this possible? Is Alexa spying on me?

Welcome to the New World.