Search found 510 matches

by WildBill
Sun Nov 17, 2019 10:48 pm
Forum: Investing - Theory, News & General
Topic: Saudi Aramco, a microcosm of International Equities issues.
Replies: 38
Views: 2783

Re: Saudi Aramco, a microcosm of International Equities issues.

Howdy I am very familiar with Aramco, having worked with them for many years. They have a lot of oil and their lifting costs are low, the lowest in the world. They are a bloated and very inefficient company. A management team focused on efficiency could turn them into a stupendously unbelievable rid...
by WildBill
Sat Nov 16, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 80
Views: 6783

Re: What tools do you use to track your finances?

I track my investment portfolio, including other financial accounts that are not at Vanguard via Vanguard's online "Balances and holdings tab". External accounts are updated automatically via the Yodlee aggregator program at Vanguard, though I do have to manually update my I-Bond's value. So, every...
by WildBill
Thu Nov 14, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Los Angeles to San Francisco Roadtrip
Replies: 29
Views: 1981

Re: Los Angeles to San Francisco Roadtrip

Howdy

Museum of Computer Science in Mountain View

Visit Stanford and hike the Dish Hill

Big second to earlier recommendation for Big Basin State Park and the redwoods

Masses of stuff to do in San Francisco - it is not what it used to be but it is still a cool place

Visit UCB campus in Berkeley
by WildBill
Sun Nov 10, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 83
Views: 6454

Re: Mortgage to prepay or not prepay

Howdy

Assumed/Prospective investment growth and future asset values are contingent. Mortgage payment is not.

Mortgage prepayment is a guaranteed return. Assumed asset growth is not.

And I hate debt, so I don’t have any.

W B
by WildBill
Mon Nov 04, 2019 12:17 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9184

Re: How much money is really needed in retirement?

Howdy

Circumstances vary widely, but the correct answer is you need enough to avoid becoming a burden to others.

W B
by WildBill
Wed Oct 23, 2019 1:27 am
Forum: Personal Consumer Issues
Topic: Gas cap door on a 1995 Chevrolet cavalier has a problem
Replies: 24
Views: 1262

Re: Gas cap door on a 1995 Chevrolet cavalier has a problem

Get one of those car sign magnets, slap that over the area and you're good to go. It might look ugly but you are talking about a 1995. I drive a 1998 truck with peeling paint on the hood. It runs. Howdy Excellent suggestion, and more elegant than duct tape, which would also be a fine solution. It w...
by WildBill
Tue Oct 22, 2019 7:48 pm
Forum: Personal Consumer Issues
Topic: Gas cap door on a 1995 Chevrolet cavalier has a problem
Replies: 24
Views: 1262

Re: Gas cap door on a 1995 Chevrolet cavalier has a problem

Howdy

Apply intelligence guided by experience to solve the problem, eg:

-Junkyard parts from same car.

-Replacement spring from hardware store

Other (unspecified)

Happy shade tree mechanicing

W B
by WildBill
Tue Oct 22, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11613

Re: Ok to go without health insurance?

Howdy

I do not think that you will find anyone who will encourage you to go uninsured.

That is because it is a very bad idea in your circumstances.

W B
by WildBill
Sun Oct 20, 2019 11:23 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9808

Re: Retiring and Getting Over The Fear of Quitting?

https://images-na.ssl-images-amazon.com/images/I/51WBUGNTmvL._SY371_BO1,204,203,200_.jpg Howdy For all of the overachievers, God bless you and keep working or whatever fulfills you. For all of those who have retired to a new mission and new challenges, God bless you also. Calvin and I are on our en...
by WildBill
Sun Oct 20, 2019 9:22 pm
Forum: Personal Investments
Topic: Fidelity HSA questions
Replies: 32
Views: 2442

Re: Fidelity HSA questions

Howdy Moved my HSA from Optum to Fidelity about 6 months ago. Tired of the $3/mo continuing charge. 1 - Easy to do by opening account on line and asset transfer. Fidelity customer service is excellent and if any snag give them a call. My transfer of assets was seamless and transparent. 2 No fees 3 -...
by WildBill
Sun Oct 20, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8512

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

My point is that the 1031 addendum request was withheld until after terms were agreed so that seller wouldn’t have the leverage of knowing that the buyer has a tight timeline, and likely large cap gains deferred. Nothing illegal or even unethical, but none the less information on the buyer’s motiva...
by WildBill
Sat Oct 19, 2019 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8512

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

My point is that the 1031 addendum request was withheld until after terms were agreed so that seller wouldn’t have the leverage of knowing that the buyer has a tight timeline, and likely large cap gains deferred. Nothing illegal or even unethical, but none the less information on the buyer’s motiva...
by WildBill
Fri Oct 18, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8512

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Howdy The exchange addendum is for the buyer to document the purchase through a qualified intermediary so that he has a legit 1031 exchange. He needs it to document the 1031 in case the IRS comes calling. This should all be transparent to you. As seller your role in it is to sign the form acknowledg...
by WildBill
Thu Oct 17, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5580

Re: Should I take the job in OKC or Orlando?

Howdy I am sort of scratching my head because this seems an artificially limited set of choices. If anyone has choices in where to live and work it is a well qualified physician. My choice between OKC and Orlando would be neither.I would look for Door No. 3. Places with better opportunities, better ...
by WildBill
Tue Oct 15, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Commuting dilemma
Replies: 34
Views: 2655

Re: Commuting dilemma

Howdy I am assuming all of the commuting is business mileage which you are writing off at the IRS rate ( I think it is 59 cents per mile, haven’ checked for this year yet). I drive a lot for my business and that is what I do. My thought is keep driving the Lexus until it quits, then get a new car. C...
by WildBill
Wed Oct 09, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 17731

Re: What are your personal experiences with downside of early retirement?

Howdy

Neighbors and landscaping guys who fire up motor operated gizmos in the morning and wake me up.

I took a hammer to my alarm clock when I retired and do not need a substitute.

Everything else is fine.

Happy snoozing

W B
by WildBill
Tue Oct 01, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Getting ready to move to a better school area
Replies: 11
Views: 806

Re: Getting ready to move to a better school area

Howdy Common in NY suburbs, and other areas also, for young families to stretch on housing to move into good school districts. Then when the kids finish high school they move/downsize and sell to the next young family. Better to move than pay private school tuition. The tuition is gone. The house pa...
by WildBill
Sun Sep 29, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA question (It's FAFSA season again!)
Replies: 31
Views: 1948

Re: FAFSA question (It's FAFSA season again!)

Yeah the school I mentioned was free tuition with in state kids with a 3.5 GPA or higher. And as others have pointed out, tuition is only maybe a third of the overall cost. So it's decent / something to consider. ... You will quickly be “that parent.” Don’t do your kids that way. Whatever you may t...
by WildBill
Tue Sep 17, 2019 9:50 pm
Forum: Personal Consumer Issues
Topic: What generalist books attempt to explain human nature?
Replies: 39
Views: 2729

Re: What generalist books attempt to explain human nature?

Howdy

“On Human Nature” by E O Wilson

Plato’s “Dialogues” - although Plato was critical of the Sophists, his dialogues have been used as a “reverse engineering how to “ for demagogues and BS artists for millennia.

Happy hoodwinking

W B
by WildBill
Tue Sep 10, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23213

Re: Rich people are hoarding cash

Howdy

Correction.

Lord Byron said it first. Disraeli quoted him later re the purchase of the Suez Canal.

W B
by WildBill
Tue Sep 10, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23213

Re: Rich people are hoarding cash

Howdy “Ready money is Aladdin’s Lamp”. Benjamin Disraeli An example: During a financial crisis Disraeli managed to finagle the Suez Canal away from the French and the Egyptians. It was an acquisition of immense strategic value to Britain. He and the Rothschilds raised the money overnight. I still am...
by WildBill
Mon Sep 09, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Life Changes - Help With Looking For Employment After 10 Years
Replies: 38
Views: 3968

Re: Hard Life Changes - Help With Looking For Employment After 10 Years

Howdy Consider that the best job you are likely to find is one that you do not even know anything about. You have lots of skills and experience. Start asking smart people for advice - not for jobs- and you will more good leads than you can follow up. Sort of like what is happening for you on this fo...
by WildBill
Sat Sep 07, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: The case for considering overall career marginal tax when deciding between trad and Roth.
Replies: 25
Views: 2060

Re: The case for considering overall career marginal tax when deciding between trad and Roth.

Howdy Your points are well made, and I agree with you conclusions. Fund Roth’s early and aggressively. There are some difficulties in your analysis - one major one is that you are assuming that tax brackets in the future, or even the structure of the tax system itself, will be like today’s. This is ...
by WildBill
Fri Sep 06, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Starting A New Busines
Replies: 23
Views: 1936

Re: Starting A New Busines

Howdy All of the suggestions are good. One very important thing you can do is to insist that you are paid in advance as much as possible for services. I have a similar business that I operate on a retainer model. As a one man business I have no interest in spending any time chasing payments. Happy a...
by WildBill
Fri Sep 06, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7419

Re: Mensa membership

Howdy Joined Mensa in high school, for no particularly good reason that I remember. Local chapter was a bunch of losers obsessed with sitting around and discussing their IQs. Went about twice and skipped it thereafter. My perception gained from discussion with other members of my acquaintance is tha...
by WildBill
Thu Sep 05, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: The S&P 500 Goes Supernova
Replies: 117
Views: 18148

Re: The S&P 500 Goes Supernova

Howdy

When it heads down are we going to have an “ S&P Falls into Black Hole” thread?

Happy event horizon

W B
by WildBill
Sun Sep 01, 2019 12:27 am
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6573

Re: What, besides dishes, do you run through your dishwasher?

Howdy

Hard boiled eggs for egg salad.

Happy washing

W B
by WildBill
Thu Aug 29, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 3925

Re: While there is a high school question - my daughter wants to graduate early

Howdy Our son was academically advanced and started university at 16, 2 years early. It has worked great. He was mature and also quite a social butterfly. No issues being younger. But that is him. The suggestion of a gap year is an interesting idea. Your daughter can apply to her choice of universit...
by WildBill
Tue Aug 27, 2019 7:08 pm
Forum: Personal Consumer Issues
Topic: Coffee becomes cold too soon
Replies: 116
Views: 8633

Re: Coffee becomes cold too soon

Problems abound. I have same issue with my morning coffee in my souvenir ceramic cup from the Met in NYC, too many good memories to use another. But have similar issue with my late afternoon early evening pre dinner chilled gin martini straight up in martini glass. It gets lukewarm too soon. I beli...
by WildBill
Sat Aug 24, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: A theory of one's general investing mindset: 'Good enough' or 'Optimize'
Replies: 297
Views: 13478

Re: A theory of one's general investing mindset: 'Good enough' or 'Optimize'

Howdy Interesting thread. To quote Aristotle “ It is the mark of an educated mind to expect that amount of exactness which the nature of the particular subject admits. It is equally unreasonable to expect merely probable conclusions from a mathematician and to demand strict demonstrations from an or...
by WildBill
Wed Aug 21, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: Why investment complexity is appealing and simplicity isn't
Replies: 65
Views: 3803

Re: Why investment complexity is appealing and simplicity isn't

I also am actually drawn to the simplicity and cleanness. I also have engineering tendencies. The optimist says the glass is half full. The pessimist says the class is half empty. The engineer says the glass is twice as big as it needs to be. :thumbsup :thumbsup :thumbsup I tell people that I am a ...
by WildBill
Wed Aug 21, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19781

Re: Selective Colleges

What is curious to me about this thread is that there are fewer parents of college students & graduates participating than I expected. These parents have gone through this with their young adults recently and started long threads on the subject. It is almost as if they figured out after the fact th...
by WildBill
Thu Aug 15, 2019 10:20 pm
Forum: Personal Consumer Issues
Topic: Brown Bag Lunch Ideas
Replies: 70
Views: 4896

Re: Brown Bag Lunch Ideas

Howdy

The tremendously underrated peanut butter and blueberry sandwich with a drizzle of honey on whole grain bread.

Yum

W B
by WildBill
Thu Aug 15, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 53
Views: 2989

Re: Hotel recommendation for Cambridge / Boston

Howdy

Hotels in Cambridge are expensive. You have identified some decent ones.

We go to Cambridge a lot and now use Air BnB mostly.

Have a look. Lots of good choices.

W B
by WildBill
Sat Aug 10, 2019 2:41 pm
Forum: Investing - Theory, News & General
Topic: If you think oil prices will drop where would you invest?
Replies: 70
Views: 3991

Re: If you think oil prices will drop where would you invest?

Howdy Predicting the price of oil and the consequences of it in markets has been a fool’s errand for the last 50 years. I know because I was one of the fools. My excuse is that attempting it was part of my professional responsibilities. Just as background, ExxonMobil had a unit charged with doing ex...
by WildBill
Thu Aug 01, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 4458

Re: How do you decide what car to buy for your kid

Our kids were given the oldest car in the family at the time they graduated from college. Before that, they had no cars. So the question was not "How do you decide what car to buy for you kid?" but "What kind of car do you buy for yourself?" Same here. Howdy Kid gets the 8 year old Ford. Mom gets t...
by WildBill
Wed Jul 31, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 6843

Re: What's your Uber passenger rating?

Howdy Interesting thread. I looked this morning and my rating is 4.96. Really no idea why, but I am considerate of the drivers and try not to waste their time by not calling for them until I am ready and then waiting where it is easy for them to get me. I also tip well if the driver is not a jerk( I...
by WildBill
Fri Jul 26, 2019 1:09 am
Forum: Personal Investments
Topic: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?
Replies: 57
Views: 4502

Re: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?

I guess I am one of those who has missed the attractiveness of TIPS. Would you mind telling us what the real yield is on your 2001 TIPS? Also, the name of your preferred medium term bond fund? The thirty years have a 4% coupon iirc. Total Bond Market works for me. In my taxable account I use the In...
by WildBill
Fri Jul 26, 2019 12:49 am
Forum: Personal Investments
Topic: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?
Replies: 57
Views: 4502

Re: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?

I guess I am one of those who has missed the attractiveness of TIPS. Owning them gives you some protection against unexpected inflation. Of course the inflation protection component is taxed as ordinary income when you realize it. So your protection is actually inflation minus a haircut at your mar...
by WildBill
Wed Jul 24, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4556

Re: What would it take for you, the non-landlord, passive-investor, to become a landlord?

Howdy

To answer the question posed, cap rates reasonably exceeding 15% for the duration of the investment.

Happy cash flow

W B
by WildBill
Wed Jul 24, 2019 10:44 pm
Forum: Personal Investments
Topic: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?
Replies: 57
Views: 4502

Re: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?

Retirement portfolio needs at least 30% stock to counter the effect of inflation. This is simply not true. If a retirement portfolio is 100% TIPS, it will counter inflation quite nicely. I disagree. The TIPs' principle is inflation adjusted, but you get a lower yield as a trade-off. All safe invest...
by WildBill
Tue Jul 23, 2019 2:04 pm
Forum: Personal Investments
Topic: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?
Replies: 57
Views: 4502

Re: LMP: Is it OK to use mutual funds instead of treasuries/TIPS/CDs?

Howdy I think dbr’s analysis is fine as far as it goes, but it did not answer your question.I also think that his definition of an “LMP” is somewhat narrow. Semantics rule. I roughly follow the advice of Dr. Bernstein, which is to have a “floor” of low risk assets which will provide a stable source ...
by WildBill
Tue Jul 23, 2019 1:29 pm
Forum: Non-US Investing
Topic: Is it at all possible to time the Market? [UK]
Replies: 19
Views: 1057

Re: Is it at all possible to time the Market? [UK]

Essentially it seems everyone is saying I shouldn’t time the market. Does this mean firms like RenTec and DE Shaw are wasting their time? Howdy These guys make money by having vast processing resources and lots of smart people using proprietary strategies and tons of information to identify pricing...
by WildBill
Tue Jul 23, 2019 1:20 pm
Forum: Non-US Investing
Topic: Is it at all possible to time the Market? [UK]
Replies: 19
Views: 1057

Re: Is it at all possible to time the Market? [UK]

Howdy Of course it is possible to time the market. People do it all the time. A better question is whether it is possible to successfully time the market, with whatever definition of success you chose. The answer to that is maybe, but success will likely be based on luck, which is fine if you are lu...
by WildBill
Tue Jul 23, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Business loan to relative
Replies: 33
Views: 1542

Re: Business loan to relative

Howdy

In my experience and observation of similar situations it will be cheaper and easier and much less trouble in the long run to make it a gift instead of a loan.

Good luck

W B
by WildBill
Sun Jul 21, 2019 6:32 pm
Forum: Personal Consumer Issues
Topic: Buenos Aires - How many days?
Replies: 33
Views: 2999

Re: Buenos Aires - How many days?

Howdy We went in January and found that 2 or 3 days in BA was fine. We mostly walked around the city and enjoyed the food and wine. Off topic, but the best part of the trip was going to El Calafate in Patagonia and taking day trips from there. El Calafate is a cozy mountain town and the National Par...
by WildBill
Tue Jul 16, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6598

Re: Take the cash or the free dinner?

Howdy Hourly rate of approx $100. I charge more than that for consulting, and you probably do also, but that is real work, not sitting and harassing some salesman. For sure read the fine print to make sure they are going to cough up the cash. I would not travel very far for it. This ain't work. It'...
by WildBill
Tue Jul 16, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6598

Re: Take the cash or the free dinner?

Howdy Hourly rate of approx $100. I charge more than that for consulting, and you probably do also, but that is real work, not sitting and harassing some salesman. For sure read the fine print to make sure they are going to cough up the cash. I would not travel very far for it. This ain't work. It'...
by WildBill
Tue Jul 16, 2019 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6598

Re: Take the cash or the free dinner?

There have been several threads about listening to a pitch at a free dinner, but I've been offered $200 in cash to listen to a pitch which is a first for me. I just don't recall sales pitches offering cash, but plenty offer a free vacation (time shares!) or free dinner (annuities). Howdy Hourly rat...