Search found 725 matches

by CurlyDave
Thu Nov 15, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 14
Views: 893

Re: Homeowners Insurance Claim-Experiences?

What I have done in similar situations is to first call my State Representative. He won't answer the phone himself, but your taxes provide him with a staff, one of them will answer the phone. Explain the situation and ask what state agency regulates this, and then ask for the name of a contact at th...
by CurlyDave
Thu Nov 15, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 14
Views: 893

Re: Homeowners Insurance Claim-Experiences?

...What do you fear regarding the insurance delay that could possibly alter the need or type of repair? In any kind of construction job there is a wide range of quality and price for materials. If I were the OP, I would like to get the best quality that the insurance would cover, and may even pay f...
by CurlyDave
Thu Nov 15, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Understanding the difference in cell phone OS types
Replies: 35
Views: 1440

Re: Understanding the difference in cell phone OS types

We have 10 phones on our shared AT&T account. Us, kids, kid's SO, employees, and on and on. Have had this many for 10+ years. Don't even ask what the monthly bill is. While there are obviously outliers, the Apple phones last like a mother-in-law's curse. Other brands not so much. DW and I get new iP...
by CurlyDave
Tue Nov 13, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1105

Re: Purchasing New Home - Down Payment 20 or 25%??

20% down. Keep your liquidity.

If there is some unexpected event in the next few years that money will come in handy. If you put 25% down, the bank will not let you skip a few mortgage payments, no matter how much you ask.
by CurlyDave
Tue Nov 13, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 133
Views: 16008

Re: [Financial] Habits of the Rich

I would have to debate calling most people here rich... At 3.1% WR, that's $26MM. That's the very BOTTOM rang of rich. I have to disagree. Median family income in the US is $59k. And they have to work for that. If I am retired, or just FI, have ~1.5 times that in family income and don't have to wor...
by CurlyDave
Tue Nov 13, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 133
Views: 16008

Re: [Financial] Habits of the Rich

For me, the biggest thing was when I gave up trying to climb the corporate ladder and developed a side job. I chose rental real estate and as my holdings increased my confidence at work became greater and my value and salary increased at work also. I never got even close to the top, but my salary an...
by CurlyDave
Tue Nov 13, 2018 1:44 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5903

Re: Too many choices for my next TRUCK

In 2012 I bought a used F-250 diesel, to have a general purpose truck and to haul my trailer up to deer camp and then elk camp each fall. The first 3 years I owned it, it was towed home from deer camp every year and once from elk camp. Spent one whole winter rebuilding and updating the engine and it...
by CurlyDave
Mon Nov 12, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 125
Views: 14581

Re: Tips on Buying a Class-B RV

We bought a new 2004 Class C back then. Used it for 3 years while looking for retirement property, then lived in it while we built a house on acreage we bought. 1. Biggest tip for new pricing is to go to an RV show. We saved 10% by doing that. 2. Negotiate everything -- all add ons and options befor...
by CurlyDave
Mon Nov 12, 2018 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 83
Views: 9662

Re: Are We In A Real Estate Bubble?

...My coworker and her husband bought a condo a year ago when they found out they were pregnant. Now they are going to buy another to rent out. She always tells me how great 5% down is. Looking at rents in the area and at the prices the condo development that is being built advertises, rent will pr...
by CurlyDave
Sun Nov 11, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index Fund Admiral Shares Question
Replies: 22
Views: 2413

Re: Vanguard Index Fund Admiral Shares Question

Put half in each and see what happens.
by CurlyDave
Sun Nov 11, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Is it a waste keeping money in a money market account?
Replies: 33
Views: 7001

Re: Is it a waste keeping money in a money market account?

...given my goals of buying property in the next few years? This tells me you don't have a definite date you will buy property -- just a goal of buying in the intermediate-term future. My suggestion will be controversial, but I think you will be better served with putting the money in index fund or...
by CurlyDave
Sat Nov 10, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund in my situation
Replies: 17
Views: 1549

Re: Emergency fund in my situation

...I'm looking to start throwing as much spare cash as possible towards the mortgage, but want to make sure I've considered all possible factors in my situation... I would far rather put money into a taxable brokerage account than into paying down a mortgage. 1. Over any considerable period of time...
by CurlyDave
Sat Nov 10, 2018 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4788

Re: Doing taxes by hand

Back in the olden days, everyone used to do their taxes by hand and thought nothing of it. I did that for 25 years. Essentially if you don't want to pony up $20-$70 for software, your income has to be low enough to make hand filing easy. Anyone who has a large enough income will find paying for the ...
by CurlyDave
Sat Nov 10, 2018 1:49 am
Forum: Investing - Help with Personal Investments
Topic: How much is too much in savings account?
Replies: 17
Views: 3726

Re: How much is too much in savings account?

... you need a decent emergency fund depending on your circumstances. If you think you might be out of work for 9 months, you might want a 9 - 12 month emergency fund rather than 6 months. After that, short term savings such as another vehicle or a down payment on a home should be in savings unless...
by CurlyDave
Thu Nov 08, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: How much is too much in savings account?
Replies: 17
Views: 3726

Re: How much is too much in savings account?

I am not a great believer in the conventional wisdom that "money needed in the next 5, or whatever number you choose, years should be in a savings account or at least bonds." Certainly your EF should be in a savings account, because there may be "hard" requirements for that money. OTOH, many other l...
by CurlyDave
Tue Nov 06, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Anyone ever “borrow” against their emergency fund?
Replies: 23
Views: 2477

Re: Anyone ever “borrow” against their emergency fund?

... In any event that 0.5% increase is permanent, and it is not insignificant if the bonus is a large percentage of annual investments. E.g., say I invest $120,000 every year, and I can choose to invest it lump sum every January or lump sum the preceding December. Assuming constant growth of 0.5% p...
by CurlyDave
Mon Nov 05, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!
Replies: 49
Views: 3432

Re: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!

... It would not surprise me if this new dentist tries to sell me an implant. Perhaps this is why he is recommending that the tooth be pulled. I had an implant about a year ago and have been very satisfied with the result. Far better than the stopgap measures they tried for years to save a flawed t...
by CurlyDave
Sat Nov 03, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10987

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

... I remember one time in the ER of the small Midwestern town where I used to practice, we had a patient who was having a heart attack in the middle of winter. A blizzard was raging outside, the roads were impassable, helicopters could not fly. Our hospital was equipped to treat heart attack patie...
by CurlyDave
Sat Nov 03, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - gut check
Replies: 54
Views: 7030

Re: First time home buyer - gut check

We are going ahead with the purchase. We talked to a great family friend last night that helped put things in perspective. She is a financial advisor that specializes in behavioral finiance, which is exactly what I needed. We will still be able to meet our savings and retirement goals. Cheers. I th...
by CurlyDave
Thu Nov 01, 2018 7:48 am
Forum: Personal Consumer Issues
Topic: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership
Replies: 28
Views: 1694

Re: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership

Ok as long as you think giving your drivers license to a stranger is ok to photocopy. If I am looking at cars, I always bring my own copies of my DL. I have written "CREDIT CHECK NOT AUTHORIZED" on them and will complain if they do run one. I make someone at the dealer sign and date a second copy t...
by CurlyDave
Tue Oct 30, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2212

Re: How much to offer on new construction home

I would thibk about 2 zone AC. Depending on the floor plan and usage it can be pretty nice. The more AC (and heat) zones the better. DW and I have an office where we both have desks, computers, etc. The constant electric load is only a few hundred watts, but that makes the office run warm and the b...
by CurlyDave
Tue Oct 30, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Highlander or Murano 2018 ..
Replies: 36
Views: 2354

Re: Highlander or Murano 2018 ..

I understand the Highlander may have higher resale and reliability but $2400 is a lot of money to make up. Also, the Highlander is a 2013 model to be redesigned in less than a year for the 2020 model, I'm more inclined to choose the Murano so I'm not driving an old car in 1 year. I would far rather...
by CurlyDave
Mon Oct 29, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3215

Re: Who has gotten the most value out of a car?

Back in 1968, when I was a grad student at Berkeley, we bought a used mid-50s Cadillac for $99. Got it at a used car lot called Bi-Lo Motors. It was cheap because it had a lot of body damage, but it ran. We drove it for two years and decided the insurance was going to be too much for another 6 month...
by CurlyDave
Sun Oct 28, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: Shower Door Does Not Close Properly
Replies: 13
Views: 886

Re: Shower Door Does Not Close Properly

Frequently this type of problem is caused by the top hinge slipping slightly where it is attached to the door. If the rubbing is on the side of the door opposite to the hinge this is almost always the case. Don't shim the door or the hinges, adjust the top hinge. If you can't figure out how to do th...
by CurlyDave
Wed Oct 24, 2018 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 67
Views: 7151

Re: Real Estate Versus Stocks

...So for someone who still rents and owns no RE, how can one get started? No matter what the area in the US, duplexes, triplexes and four-plexes all finance under the same rules as owner-occupied single family homes. So, the way to start is with a multi-family building where you live in one unit a...
by CurlyDave
Tue Oct 23, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

There are definitely different ways to think about SS. Some consider it the way you do, as a form of fixed income. Others view SS benefits as merely reducing the amount of income one needs to pull from one's portfolio and other income sources. I must say that I lean toward the latter view, mainly b...
by CurlyDave
Tue Oct 23, 2018 5:44 am
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12237

Re: Smart money bailing on the market, time to get out?

Or you could just channel Osho for advice. :wink: I already did. His advice: invest in Rolls-Royce :wink: Actually it's probably not bad advice - I saw in the Credit Suisse yearbook by Dimson and colleagues that automobiles have been the best investment, historically, after stocks. :wink: I think R...
by CurlyDave
Tue Oct 23, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I own my home through an LLC?
Replies: 20
Views: 2822

Re: Should I own my home through an LLC?

I have rentals and State Farm insists that I have a rental policy not a personal one for this activity. At least in OR, they will not issue an umbrella policy for a rental, so I have to go with $2M liability on the base policy. I would like it to be higher, but the only way to do this would be to ch...
by CurlyDave
Mon Oct 22, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

...- I'm not buying the 22% SS benefit cut in the year 2030-something. Far, far more likely is a Greenspan Commission II that inflicts a thousand small cuts, from small payroll tax hikes to tiny retiree COLA haircuts to increases in the income contribution cap, maybe a tiny ratchet upwards of FRA f...
by CurlyDave
Mon Oct 22, 2018 11:43 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

I have been retired for 11+ years (73 yo), and the variation on this method I use and really like to to take a monthly withdrawal of 0.5% of the current portfolio value. If you go back and look at the updated Trinity study, a non-inflation adjusted withdrawal of 6% is 30 year safe 93 to 98% of the ...
by CurlyDave
Sun Oct 21, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

...There are definitely different ways to think about SS. Some consider it the way you do, as a form of fixed income. Others view SS benefits as merely reducing the amount of income one needs to pull from one's portfolio and other income sources. I must say that I lean toward the latter view, mainl...
by CurlyDave
Sun Oct 21, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

...Inflation is not the only variable at work here. The value of the portfolio has also changed due to returns. After having withdrawn 6% of the portfolio's balance every year, a $1 million starting value would now be worth an inflation-adjusted $580k, for instance. Not quite. That might be what Ex...
by CurlyDave
Sun Oct 21, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

I have been retired for 11+ years (73 yo), and the variation on this method I use and really like to to take a monthly withdrawal of 0.5% of the current portfolio value. If you go back and look at the updated Trinity study, a non-inflation adjusted withdrawal of 6% is 30 year safe 93 to 98% of the ...
by CurlyDave
Sun Oct 21, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19469

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

I always feel like the strategy of picking your retirement start date and than tracking inflation seems complicated. What if you don’t have a hard “start date” but are working part time and also pulling from your portfolio? What if the week after you retire the market tanks? Do you base your 4% on ...
by CurlyDave
Tue Oct 16, 2018 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2846

Re: social security

CAGR of stocks has been ~10% for about a century. This beats the 8% guaranteed increase of SS benefits. Dave, It sounds like you may not agree but do you see how many would not consider an extremely risky/volatile investment as an alternative to almost perfectly secure, COLAed income? S A. I unders...
by CurlyDave
Mon Oct 15, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2846

Re: social security

...I dont think I want to wait to collect SS , I could wait and start taking some IRA distribution or sell some stocks. Everything is payed for and I get health care through my wife job . I could live off the SS my cash savings and dividents without having to sell or take 401K withdrawls for at lea...
by CurlyDave
Sun Oct 14, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Any downside to small brokerage buys?
Replies: 5
Views: 896

Re: Any downside to small brokerage buys?

ProfWengen wrote:
Sat Oct 13, 2018 11:03 pm
Commission will kill you if you make small transactions (unless you're buying something that's commission free).
+1 Try to keep commissions under 2% of total being invested. Less is even better.
by CurlyDave
Sun Oct 14, 2018 12:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 17
Views: 2463

Re: What to do with inheritance

ProfWengen wrote:
Sat Oct 13, 2018 11:23 pm
I wouldn't pay off the house. You could just put the $130k you owe into a 10yr bond and come out ahead so I don't see paying off the house as a good option. FWIW, I'd put it all into index funds...
+1 on index funds. +1 on not paying off house.
by CurlyDave
Sun Oct 14, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 7084

Re: $50,000: Should I buy now or wait for the market to drop further?

Why not divide $50,000 into 12 months and buy each month according to your AA? That way you are not market timing. Stocks are on sale right now. Whether the sale will last one month, one day or one week is unknown. Every single time I have divided up a large sum and averaged it into he market, I ha...
by CurlyDave
Fri Oct 12, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5611

Re: Keep a backup hot water heater?

Cold shower. Heat water in a metal dishpan on kitchen stove top. Carry dishpan into shower. Stand over dishpan and take a warm sponge bath. It's not that bad, and certainly beats the alternative. I am amazed that somebody has to explain this... are people nowadays that helpless? Actually there is a...
by CurlyDave
Wed Oct 10, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 104
Views: 5611

Re: Keep a backup hot water heater?

sport wrote:
Wed Oct 10, 2018 7:30 pm
If you change the anode in the tank every 5 years, or so, you will increase its life substantially.
+1

If others of about the same age are failing near you, now is the time to change the anode. Less than $50, less than an hour of time.
by CurlyDave
Tue Oct 09, 2018 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2561

Re: Mortgage lump sum question - What would you do?

If you really, seriously want to pay off the mortgage (I think it is a bad idea) you could contact the bank and ask what kind of discount they would give you for an immediate payment in full. I suspect you could pay off the mortgage at 90 cents on the dollar, maybe less. Why would the bank give you...
by CurlyDave
Sun Oct 07, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2140

Re: Concerns of buying a home...what would you do?

IMHO time is the best friend you have in the real estate game. If you want to stay in Orlando, keep looking there. To me, crack houses are a real crap shoot, a lot too risky for my blood. But if you have any DIY skills at all, you can find bargains. Over my lifetime, I have bought two houses to live...
by CurlyDave
Sun Oct 07, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4293

Re: A strategy to pay off home at retirement?

...If your house was paid for, would you go to a bank and take out a $150k loan at 3.85% to invest? In my case, the answer is heck yes. I have mortgages on my house and 3 rental properties, at rates between 3.5 and 4.0% There is no reason to make an early payoff of money at such a favorable rate. A...
by CurlyDave
Sun Oct 07, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2561

Re: Mortgage lump sum question - What would you do?

If you really, seriously want to pay off the mortgage (I think it is a bad idea) you could contact the bank and ask what kind of discount they would give you for an immediate payment in full.

I suspect you could pay off the mortgage at 90 cents on the dollar, maybe less.
by CurlyDave
Fri Oct 05, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13763

Re: Correlation between the FIRE movement and one of the greatest bull markets

While I worked for megacorp, I was always a lot more interested in the FI part than the RE part. The best part of the whole thing was that the closer I got to FI, the less onerous work became. If the boss told me to do some nitwit thing, I could explain why and suffer no consequences. When I declare...
by CurlyDave
Thu Oct 04, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Case for buying individual Stocks as 10% of portfolio
Replies: 43
Views: 3281

Re: Case for buying individual Stocks as 10% of portfolio

Let's assume for a minute that it is as easy as you imply to pick the winning tech stocks - the Facebooks and Googles over the Myspaces and AOLs. Wouldn't there be funds that specialize in this that would show outsized returns? Where are they? And if they existed, wouldn't their performance bring i...
by CurlyDave
Thu Oct 04, 2018 5:38 am
Forum: Personal Consumer Issues
Topic: Apple - macOS Mojave
Replies: 35
Views: 2964

Re: Apple - macOS Mojave

I usually wait about a week and read on-line reviews before updating.

Unless there is something compellingly bad about an application right now, a week is enough time for the major issues to at least become known on the forums.
by CurlyDave
Sun Sep 16, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1185

Re: Finding an investment for soon-to-be-received large sum

Venture capital is certainly a possibility. Maybe as part of a small consortium. Personally, I would stick with Real Estate, although the completely passive requirement means it might be more like a REIT than as directly held real estate. IMHO one of the things that makes RE a good investment is the...
by CurlyDave
Sun Sep 16, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2502

Re: Rain Jacket recommendations and care

Liam Friend wrote:
Sat Sep 15, 2018 5:03 pm
I really like my Cabela's Gore-Tex jacket. Water repellent, breathable, and I think still lifetime has a lifetime warranty. $129 but rarely if ever on sale.
+1 on Cabela's.