Search found 301 matches

by WildBill
Wed Dec 13, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2847

Re: WHO IS RIGHT ME or SPOUSE

Howdy

In general, your wife is always right.

Happy holidays.

W B
by WildBill
Sun Dec 10, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8829

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Howdy

Decomplicate. Identify time sinks and unproductive activities and eliminate them.

Prioritize. Your health, your family, your serenity. Everything else is second.

Be open to new experiences and opportunities. Go forward with a happy heart.

W B
by WildBill
Sat Dec 09, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8757

Re: Retire in my early 40s? Crazy or actually doable?

Howdy Just saw this. Neither here nor there, but I was in a similar position to you and retired for the first time at 42. I got bored after 2 years and went back to work. I really enjoyed work a lot more the second time around and I’m really glad I did it. Re your questions - I really don’t see any ...
by WildBill
Fri Dec 08, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 500
Views: 47558

Re: Picking College and College Scholarships

Howdy

Caltech EA usually comes out several days before MIT. I assume he EA’d to both as it is permissible.

Fingers Xd.

Best of luck to your son.

W B
by WildBill
Fri Dec 08, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 89
Views: 5865

Re: Quit jobs to gain lower EFC

I gamed this thread, too. :) You certainly did! I loved it but I am not sure what OP feels about your so helpful contribution. Something tells me that OP does not have the necessary $4M in invest-able assets generating $250K per year to pay for his kids education but I could be definitely wrong. Ho...
by WildBill
Fri Dec 08, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 89
Views: 5865

Re: Quit jobs to gain lower EFC

Howdy The expectation that reducing income and the EFC will lead to some university granting you a lot of money for your kids tuition is not very reasonable, and in practice is almost solely dependent on how good the student is. If your kid is admitted to and attends one of the rare universities tha...
by WildBill
Thu Dec 07, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: 4WD necessary/recommended on Big Island, HI
Replies: 35
Views: 2138

Re: 4WD necessary/recommended on Big Island, HI

Howdy

It will be useful if you decide to go up to see the observatories on Mauna Kea, due to high potential for ice and snow on upper roads.

W B
by WildBill
Wed Dec 06, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?
Replies: 55
Views: 3054

Re: Are Dividends Perceived as Moral; Capital Value Changes as Immoral?

We've been all around and all over the topic, but still I struggle with why so many investors so vehemently demand dividends as critical, and dismiss capital losses and gains as unimportant. Can it be the case that dividends are perceived as moral sources of return, because the corporation chooses ...
by WildBill
Wed Dec 06, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: working in the oil fields as a mechanic.
Replies: 21
Views: 2098

Re: working in the oil fields as a mechanic.

I have never worked in the oil patch, but from what I've read here it seems a lot like being in the military, but at ten times the pay. :sharebeer Chris Howdy. This is a pretty good comparison. In general there are also less people shooting at you, but that can depend on the location. 8-) Best to a...
by WildBill
Tue Dec 05, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Dad Needs Help Buying Wedding Liquor
Replies: 68
Views: 6092

Re: Dad Needs Help Buying Wedding Liquor

I was employed by a liquor/beer/ wine retail chain until retirement in 2014. I've done these calculations thousands of times. Vodka--Smirnoff Gin-Bombay Rum-Bacardi Bourbon-Jack Daniel Black Scotch-Johnny Walker Red Whiskey- Don't need this Dry Vermouth- Martini & Rossi Sweet Vermouth-Martini & Ros...
by WildBill
Tue Dec 05, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: working in the oil fields as a mechanic.
Replies: 21
Views: 2098

Re: working in the oil fields as a mechanic.

Howdy 40 years in the oil field, all over the world. Hard work. Good money. You can progress pretty far if you are good and if you want to. This can be very rewarding, and is the reason to go this route. If you are willing to push to advance it will work out. Otherwise you are just selling your time...
by WildBill
Tue Dec 05, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

Howdy This whole thread is amazing. I’m still not sure what the debate is about. The only thing that is sure is that dividends impose a tax drag on a taxable account. A liking of dividends may be “Irrational” due to this tax drag, but this seems a purely theoretical argument. In practice, an investo...
by WildBill
Mon Dec 04, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 663

Re: Prepaid tuition 529 plan vs state municipal bond

Howdy

I think it has so many moving parts that it comes down to figuring out if (uncertain) prospective investment return in 529 less penalties exceeds more predictable muni return.

Beats me.

I would opt for less complexity and skip the 529.

W B
by WildBill
Mon Dec 04, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 2708

Re: Umbrella liability insurance policy to match portfolio size?

You can get a separate umbrella policy with a different company, but it may cost a little more. I had progressive auto for years, then switched to GEICO. Once I left progressive, when the umbrella policy with progressive came up for renewal, they would not renew it if you don't have an auto policy....
by WildBill
Mon Dec 04, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 2708

Re: Umbrella liability insurance policy to match portfolio size?

Howdy I have a 5 million umbrella with a somewhat larger amount of assets. It is $800 per year with Nationwide. It is probably excessive. What you are buying is liability insurance in excess of other coverage, and what you are really buying in practice is legal services from the insurer to negotiate...
by WildBill
Mon Dec 04, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

The book title is "Finance for Normal People." The folks in this thread who really like dividends are the "Normal People" that Statman is referring to. The folks who do not see benefit of dividends under most circumstances are "rational people" and the book can help rational people understand Norma...
by WildBill
Mon Dec 04, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

I am reading Meir Statman's " Finance for Normal People " published a few months ago which is an up-to-date compendium of many of the interesting findings from behavioral finance research. I recommend folks who enjoyed Kahneman's T hinking, Fast & Slow and Zweig's " Your Money and Your Brain " to p...
by WildBill
Mon Dec 04, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6082

Re: Invest or pay off mortgage?

Howdy For me, pay it off as soon as possible. But realize that I am an ignorant hillbilly with an ingrained suspicion of and horror of debt. People pay me interest; I do not pay them. For me, the psychological benefit of being debt free far outweighed any argument re carrying mortgage and investing ...
by WildBill
Sun Dec 03, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11173

Re: After financial independence, do you lose motivation for work?

Howdy I was FI many years before I retired. I never lost any motivation for working, as the work was challenging and fulfilling. However, my threshold for tolerating corporate and colleague BS steadily declined, to about zero at age 45 and was very negative by retirement. I was not actively resista...
by WildBill
Sun Dec 03, 2017 11:34 pm
Forum: Investing - Theory, News & General
Topic: One answer to the Dividend stocks puzzle from behavioral finance
Replies: 166
Views: 9146

Re: One answer to the Dividend stocks puzzle from behavioral finance

I am reading Meir Statman's " Finance for Normal People " published a few months ago which is an up-to-date compendium of many of the interesting findings from behavioral finance research. I recommend folks who enjoyed Kahneman's T hinking, Fast & Slow and Zweig's " Your Money and Your Brain " to p...
by WildBill
Sun Dec 03, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11173

Re: After financial independence, do you lose motivation for work?

Howdy I was FI many years before I retired. I never lost any motivation for working, as the work was challenging and fulfilling. However, my threshold for tolerating corporate and colleague BS steadily declined, to about zero at age 45 and was very negative by retirement. I was not actively resista...
by WildBill
Sun Dec 03, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 7732

Re: The College Bubble - investment opportunities after the collapse?

Howdy

If education in your view is overvalued, short it and go long on ignorance. Best of luck.

Happy investing

W B
by WildBill
Fri Dec 01, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2143

Re: For Musk, an Energy Feat the Size of a Football Field

Musk is a modern day snake oil salesman. I wouldnt touch that stock with a 10 foot pole. This may be the first time ever that he actually delivered what he promised. Howdy. Snake oil salesman? Yep. Occupational hazard when you are trying to lead aggressive change in hard things while keeping your s...
by WildBill
Wed Nov 29, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off? [OP Update]
Replies: 38
Views: 3588

Re: Volunteer to be laid off? [OP Update]

Bravo

You work with good people.

W B
by WildBill
Tue Nov 28, 2017 9:57 pm
Forum: Personal Consumer Issues
Topic: failing at hobbies and leisure
Replies: 47
Views: 5058

Re: failing at hobbies and leisure

Howdy

Get a dog.

W B
by WildBill
Tue Nov 28, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7652

Re: Divs and Cap Gains are killing me

Identify higher turnover actively managed funds in taxable accounts that make large distributions. Think about a plan to move those assets to more tax efficient funds in the future. I have done that with several mutual funds in the past and taken advantage of market declines when they present thems...
by WildBill
Tue Nov 28, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11173

Re: After financial independence, do you lose motivation for work?

Howdy I was FI many years before I retired. I never lost any motivation for working, as the work was challenging and fulfilling. However, my threshold for tolerating corporate and colleague BS steadily declined, to about zero at age 45 and was very negative by retirement. I was not actively resistan...
by WildBill
Mon Nov 27, 2017 11:37 pm
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 201
Views: 33409

Re: Bonds - Throw it all on the table!!!

Howdy Very interesting thread. I hold 35% of my total portfolio in bonds, with the objective that this part of the portfolio is an LMP for 30 years. I am a 62 year old retiree. If the bonds keep up with inflation I am satisfied. 40 % of the Bond part of Portfolio is held in taxable account, in Vangu...
by WildBill
Mon Nov 27, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7652

Re: Divs and Cap Gains are killing me

Howdy You are not getting much sympathy here :P Here is a thought that might comfort you - your heirs will get the stocks at a stepped up basis and they will be able to sell them without this despicable thing called a capital gains tax. 8-) One of my favorite sayings from my friend in real estate - ...
by WildBill
Sun Nov 26, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3469

Re: Let Go by MegaCorp - Lots of options

Howdy

One thing I would consider is getting the post tax contributions in your 401 -K transferred into a Roth.

My choice in your position would be to avoid 3, as it puts your severance package at risk.

Other choices up to you. You can always change your mind later and do something different.

W B
by WildBill
Sun Nov 26, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17426

Re: The fallacy of spending money on "experiences" vs hard assets

The trendy thing these days is to talk about spending money on "experiences", basically a new-age description of a vacation, and how it's better than spending money on "things", basically a new-age description of hard assets. The news is full of pop-science articles touting the benefits of this, mo...
by WildBill
Sat Nov 25, 2017 9:35 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on The Aurora Report? [Arora Report]
Replies: 33
Views: 6149

Re: Any thoughts on The Aurora Report?

Howdy

Several individuals who are very recent members of the forum, all with limited postings, all somehow coincidentally touting an obscure investment newsletter, all at the same time?

Quite the coincidence. :P

Happy reading 8-)

W B
by WildBill
Wed Nov 22, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2023

Re: How do you define success in your life?

Howdy

To quote Solon - “Count no man happy until the end is known.”

So:

-Do not take good fortune for granted

-Focus on what is important

-Beware of pride

-Endure to the end.

Happy stoicism

W B
by WildBill
Sat Nov 18, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5213

Re: Where did you first learn about investing?

Howdy

Could be Terrapins.

Or Ole Miss?

W B
by WildBill
Sat Nov 18, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 155
Views: 14006

Re: Is holding bonds now dangerous?

UncleLongHair wrote:
Sat Nov 18, 2017 12:06 pm
Respectfully, I disagree.
That is ok, almost everyone in this thread disagrees with me :). But why? Why is holding bonds for the next 10-20 years to prepare for retirement a good thing?
Howdy

Because the alternatives suck even worse.

Happy investing

W B
by WildBill
Sat Nov 18, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off? [OP Update]
Replies: 38
Views: 3588

Re: Volunteer to be laid off?

Howdy Here is a thought - you may actually be a lot more valuable to the company than before, at least for a couple of years or so. If they are changing directions on product lines, they will want to maximize the profitability from harvesting the legacy products at minimum cost and minimum (zero if ...
by WildBill
Fri Nov 17, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 5359

Re: Help for semi retired friend with 8 figure savings

Howdy

I really don’t think this guy needs anybody’s advice. He appears to be doing quite well.

W B
by WildBill
Fri Nov 17, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15236

Re: Why pay cash for a car?

Howdy

There are often additional incentives if you do choose to finance. I don’t know why, but that was the deal with my last Hyundai.

So finance, get the incentives, and payoff the loan in full a week later.

W B
by WildBill
Wed Nov 15, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4484

Re: Regrets after reaching retirement?

Howdy I should have drunk more champagne. I am working on that now, trying to catch up. And although we took the kids on lots of cool trips, if I had it to do over we would have done even more. Working on that one also. They are in college now, but we kidnap them for 2 or 3 trips a year. Working is ...
by WildBill
Fri Nov 10, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6528

Re: Isn't it safer to not sign Credit card?

Howdy I always sign them with “Request ID” Then 1 time out of 10 or so an alert salesperson or cashier who is on their toes catches it and asks for ID. I tell them how happy I am to meet a smart and alert person. I actually hired one of them because in the conversation that ensued it was clear this ...
by WildBill
Mon Nov 06, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 6157

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Index funds have served me well for over 30 years, but what was once a slightly idiosyncratic investment strategy has become the conventional wisdom, with enormous shifts of funds into indexes. That makes me somewhat uneasy, as my experience is that the conventional wisdom usually is not so wise. I...
by WildBill
Mon Nov 06, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 6157

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Index funds have served me well for over 30 years, but what was once a slightly idiosyncratic investment strategy has become the conventional wisdom, with enormous shifts of funds into indexes. That makes me somewhat uneasy, as my experience is that the conventional wisdom usually is not so wise. I...
by WildBill
Sat Nov 04, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 6157

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Howdy I think that holding competently run actively managed funds will have value as more investment is moved to indexing, creating potential mispricings that active funds can exploit. That doesn't really make sense - if anything, more people who were poor at evaluating individual stocks moving to ...
by WildBill
Sat Nov 04, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 6157

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Howdy I think that holding competently run actively managed funds will have value as more investment is moved to indexing, creating potential mispricings that active funds can exploit. That doesn't really make sense - if anything, more people who were poor at evaluating individual stocks moving to ...
by WildBill
Thu Nov 02, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Break My Love Affair With Fidelity Low Priced Stock
Replies: 76
Views: 6157

Re: Help Me Break My Love Affair With Fidelity Low Priced Stock

Howdy I think that holding competently run actively managed funds will have value as more investment is moved to indexing, creating potential mispricings that active funds can exploit. Consider it a hedge against future index investing stagnation. That should take care of the angst and mitigate the ...
by WildBill
Wed Nov 01, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Best 529 Plan for Texas residents
Replies: 4
Views: 356

Re: Best 529 Plan for Texas residents

Howdy

I am from Texas also. We used the Nevada Upromise plan through Vanguard because it was the best around circa 13 years ago. It has worked well. The Utah and New York plans are good also.

All have low expenses and access to good investment options.

W B
by WildBill
Tue Oct 24, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11760

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

Howdy Answer depends on the definition of “too much” I have sufficient in my IRA now that RMDs and SS at age 70 will put me in a high tax bracket, perhaps the highest, whatever it is at the time. Hard to make a dent in it with Roth conversions because conversions large enough to make a difference wo...
by WildBill
Mon Oct 23, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Favorite HIIT Workouts
Replies: 24
Views: 1790

Re: Favorite HIIT Workouts

Metafit class at YMCA.

20 minutes of torture, and you are good for the day.

Happy gasping for breath

W B
by WildBill
Mon Oct 09, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 10048

Re: What advice to give 21 year old?

Howdy

I guess you are agreeing with me that it what I wrote is not “pure fiction” after all.

Thanks

W B
by WildBill
Sun Oct 08, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 10048

Re: What advice to give 21 year old?

Howdy My kids are sort of in the same boat. I have had this discussion with them several times. They are young and overwhelmingly their assets are human capital, with high earning potential in science and CS related fields, including opportunities in startups and other high-risk high- return opport...