Search found 433 matches

by CurlyDave
Wed Apr 25, 2018 1:21 am
Forum: Investing - Theory, News & General
Topic: Why are rising Bond Yields bad?
Replies: 35
Views: 3233

Re: Why are rising Bond Yields bad?

I'd like to add a question (I am curious): What is the 'magic' about a 3% yield on the 10-year treasury bond? Why is 3% so important, and not 4%, or 3.25 or 7%? ... What am I missing? I don't think you are missing anything. 3% is important for the same reason that some states have the speed limit i...
by CurlyDave
Tue Apr 24, 2018 2:11 am
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 64
Views: 4387

Re: Selling a car: how to get paid?

...Any tips on making sure cash is not counterfeit? (Other than meeting at bank first to deposit it and then driving to the DMV?) Accept only new $100 bills. The blue stripe is actually a hologram and the number 100 should be visible in it and move around as you tilt the bill. Very hard to counterf...
by CurlyDave
Tue Apr 24, 2018 1:52 am
Forum: Personal Consumer Issues
Topic: Experience with wood countertops for kitchen / wet bar ?
Replies: 9
Views: 757

Re: Experience with wood countertops for kitchen / wet bar ?

The undermount sink gives me a lot of concern.

That works best with granite or similar materials. I think water would get trapped between the sink flange and the bottom of the center and cause problems.
by CurlyDave
Tue Apr 24, 2018 1:44 am
Forum: Personal Consumer Issues
Topic: IPhone Faulty Battery Diagnosis
Replies: 32
Views: 1463

Re: IPhone Faulty Battery Diagnosis

Definitely the plan but we have to time it a bit since the nearest place that will do so is 120 miles away and we thus far haven't been able to line up an appointment when we are there for other reasons. I replaced mine myself with a kit from Amazon. About $25, which included battery and tools. The...
by CurlyDave
Tue Apr 24, 2018 1:34 am
Forum: Personal Consumer Issues
Topic: Rebating buyer's agent for 1st time single-family home purchase
Replies: 26
Views: 1536

Re: Rebating buyer's agent for 1st time single-family home purchase

I don't know what the "dummies" book has in it, but I can tell you from experience that the most overlooked part of buying any house is the neighborhood. Open houses and visits with agents are always during the day. Before you make an offer on any house go back without the agent and drive around the...
by CurlyDave
Tue Apr 24, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: How long have you been unemployed?
Replies: 51
Views: 4065

Re: How long have you been unemployed?

Unemployed for 7 or 8 months at 42. Back in 1987. A horrible time, layoffs everywhere, no jobs. Best thing that ever happened to me. Woke me up to taking responsibility. As soon as I got a job again I started saving seriously, investing seriously and developed a side gig -- rental real estate. Withi...
by CurlyDave
Mon Apr 23, 2018 11:52 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 64
Views: 5460

Re: Nomadic lifestyle in their 50s

Before you jump into a nomadic existence, there are a few things to think about. DW and I owned an RV for a few years and used it for extended trips to look for retirement property. Do you enjoy having close friends? Hard to do this with a nomadic lifestyle. It seems like nomads have the entire wide...
by CurlyDave
Mon Apr 23, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Your own General Contractor
Replies: 33
Views: 2696

Re: Your own General Contractor

I have built my own home twice. The first time I did it with materials mostly from Home Depot and helpers I hired, but I did most of the work. This is not the way to do it although it has advantages. As others have said, you put a lot more quality in, but most people don't notice it, but since I liv...
by CurlyDave
Mon Apr 23, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Settlement - Term insurance
Replies: 12
Views: 708

Re: Life Settlement - Term insurance

I see those same TV ads. They are too slick for this to be a really good deal, but found money is found money, no matter how little it is.

Anything in your pocket beats nothing at all from dropping the policy.
by CurlyDave
Sun Apr 22, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3627

Re: AAA? What to do in car emergencies?

If a car is on fire, any part of it. Get away to a safe location. Call 911.... I always use the "firefighter's rule of thumb". If you are witnessing any event which has the potential for bad consequences, get far enough away that you can cover the entire event with a thumb held at arm's length. Thi...
by CurlyDave
Sun Apr 22, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3627

Re: AAA? What to do in car emergencies?

First, I am sorry to hear of your loss. I have had AAA for decades. At maybe $50/year extra that is only $1/week and it is well worth the extra. First, it does not cover only your car -- it covers you . Big, big difference. As you start to get out and do more things, you may very well end up riding ...
by CurlyDave
Sun Apr 22, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Prepping My Snowblower for Off-Season
Replies: 11
Views: 985

Re: Prepping My Snowblower for Off-Season

It is close. You should treat the the gas you store in it with gas stabilizer, such as Sta-Bil, before you put it in the tank. Put the Sta-Bil in the gas container before you take it to the gas station. Filling the container from the pump mixes it automatically, much better than shaking the can ever...
by CurlyDave
Sat Apr 21, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting vs higher paying job
Replies: 40
Views: 2899

Re: Interesting vs higher paying job

As a Ph.D. engineer I can tell you that I started out in basic research in school and thought that was a higher and better thing than industrial, applied research and development. But a lot of that was because I had never worked in industry. Then I got a job in industry and over the years the applie...
by CurlyDave
Sat Apr 21, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8284

Re: NYT article: Everyone should hire a financial planner

Everyone that I know that utilizes financial planners has a worse financial outlook than I do. They all have whole life insurance, underwater mortgages, big auto loans, investing in start-ups, etc... +1 It was not that hard to self-educate to the point that I am more capable than most financial adv...
by CurlyDave
Fri Apr 20, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage vs investing
Replies: 17
Views: 2005

Re: Paying off mortgage vs investing

Just another way to think about this. If one owns a house, free and clear that is a very concentrated investment. If that same person owns the same house, but with an $875k mortgage and also owns $875k worth of index funds, he is much more diversified. He also has much greater liquidity, which is so...
by CurlyDave
Fri Apr 20, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: How risky to have savings more than $250k FDIC limit?
Replies: 42
Views: 7575

Re: How risky to have savings more than $250k FDIC limit?

A bump from old times What are people’s thoughts on keeping cash above FDIC limits for short term? E.g. I have a pending large tax payment and planning to buy a car in the next 2 weeks. I’m assuming it’s ok to exceed FDIC limits for that brief duration without incurring much risk? Why not just make...
by CurlyDave
Thu Apr 19, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: What is best strategy for taking RMD from VG IRA
Replies: 26
Views: 1961

Re: What is best strategy for taking RMD from VG IRA

... My VG IRA account is made up of the following 10 accounts... Are you really saying that you have 10 VG accounts or that you have one account with 10 positions in it? Even if it is 10 separate accounts, the RMD can come from only 1 or 2 and still satisfy the IRS so long as the total amount is hi...
by CurlyDave
Thu Apr 19, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8028

Re: “The Smell of Retiree Mon$y...”

... Once these groups learned they are in our will, because we mistakenly told them so, they began sending their bequeathing representatives... I would send a letter to the very top of the organization. In fact, maybe copies to the top 5 in the organization. Nicely point out that the "vultures" who...
by CurlyDave
Wed Apr 18, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: Buy rental property out of state !
Replies: 16
Views: 1300

Re: Buy rental property out of state !

...Could you share the A B C of successfully doing this ? Sure: 1. Go to bank withdraw $10,000 in $100s. 2. Build a big fire in your back yard. 3. Throw money into fire. You will come out far ahead of owning rental property in a distant location. * * * * * * * * * * * * * I own rentals. I have been...
by CurlyDave
Wed Apr 18, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4198

Re: car at 80

I suggest you get a new Subaru sedan or SUV. All Subaru models have four wheel drive, even the sedans, and they all have a lot of latest safety features. If I was forced to live in a snow belt climate, there is no way I'd spend winter driving any thing but a four wheel drive vehicle. +1 I have an O...
by CurlyDave
Wed Apr 18, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 5193

Re: I want to pay off my mortgage. Am I crazy?

...Part of me wants to pay off this mortgage, but somehow it feels wrong. The interest rate is the lowest I have seen in my lifetime and I feel I may never see a rate like that again. If I could find a very safe investment that would yield more than 3% (taxable) or 2% tax free with very low risk, i...
by CurlyDave
Wed Apr 18, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house... does this make sense?
Replies: 24
Views: 2306

Re: Expensive house... does this make sense?

...What do you think-- is this a reasonable plan and is it a better idea than buying a more modest house in a worse neighborhood? I think it is a great plan. My stepson just did something similar in Sacramento. He bought a house in a better, more expensive neighborhood with a very private master BR...
by CurlyDave
Wed Apr 18, 2018 1:00 am
Forum: Personal Consumer Issues
Topic: Owning 3 vehicles
Replies: 27
Views: 2064

Re: Owning 3 vehicles

Man up and get a diesel F-350. :D
by CurlyDave
Wed Apr 18, 2018 12:21 am
Forum: Personal Consumer Issues
Topic: Donate or give-away scooter?
Replies: 9
Views: 811

Re: Donate or give-away scooter?

Whatever you end up doing, take care of the transfer paperwork at your state DMV. And keep copies.

Without that step you still have liability if someone fixes it and has an accident.
by CurlyDave
Wed Apr 18, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Leveling
Replies: 22
Views: 2448

Re: Corporate Leveling

This is the time when the wise man starts the process of seriously looking for new employment.

I don't care what their explanation is, a salary cut is a great big flashing neon sign saying: "get out now".
by CurlyDave
Wed Apr 18, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9954

Re: Trinity Study updated to 2018

I tend to think of the inflation adjusted withdrawals as a "live poor and die rich" plan. I vote for the "live better off and and die less rich" plan. I agree with the idea of spending money early on but I think you have to be careful to think about the worse case and not average ones. Sure with 3%...
by CurlyDave
Tue Apr 17, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3072

Re: Larry Swedroe: Don’t Exclude Emerging Markets

...Viewed from this perspective, an All-World Stock Index has about a 25% exposure to emerging markets today. It is not obvious to me that adding up column (c) is a legitimate exercise. The purpose of the exercise is to determine the total emerging market revenue exposure of an All-World Stock Mark...
by CurlyDave
Tue Apr 17, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 64
Views: 4871

Re: The World in 2050 — GDP & Stock Market Capitalization

:arrow: ...I dislike Walmart a little less seeing all the jobs they have or have created. Way back, when Amazon was a bit player, only selling books, and Walmart hatred was at a very high level I read an interesting study. An economics professor, and I don't remember who, looked at quality of life i...
by CurlyDave
Tue Apr 17, 2018 4:21 am
Forum: Personal Consumer Issues
Topic: Need advice re: extension cord to power PA speaker
Replies: 11
Views: 639

Re: Need advice re: extension cord to power PA speaker

The 2200 Watts Peak Power is not the real power output or power consumption of the speaker. It is just a way of rating very short duration power output for music. The real number you needed is the 800 Watts RMS, where RMS is the abbreviation for Root Mean Square. This refers to standardizing the pow...
by CurlyDave
Tue Apr 17, 2018 3:17 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Don’t Exclude Emerging Markets
Replies: 30
Views: 3072

Re: Larry Swedroe: Don’t Exclude Emerging Markets

...Viewed from this perspective, an All-World Stock Index has about a 25% exposure to emerging markets today. It is not obvious to me that adding up column (c) is a legitimate exercise. I am interpreting this table as showing that US markets have 52% of world market cap and that 18% of their revenu...
by CurlyDave
Tue Apr 17, 2018 2:42 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9954

Re: Trinity Study updated to 2018

This is from January, but I searched and did not find a post on it: https://www.forbes.com/sites/wadepfau/2018/01/16/the-trinity-study-and-portfolio-success-rates-updated-to-2018/#6665ac7e6860 Wade Pfau updated the Trinity Study to include data thru 2017. He also includes failure rates up to 40 yea...
by CurlyDave
Mon Apr 16, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: The World in 2050 — GDP & Stock Market Capitalization
Replies: 64
Views: 4871

Re: The World in 2050 — GDP & Stock Market Capitalization

...100yrs ago, the largest US companies (e.g. Ford, etc..) employed ~100,000 workers. Today, the largest US companies (e.g. Facebook) employ ~10,000 workers. When sorted by number of employees, the largest US employers are Walmart with 2,300,000 and Amazon with 541,900. https://en.wikipedia.org/wik...
by CurlyDave
Mon Apr 16, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: Two Centuries of U.S. Stock Market Indexes, 1802-2017
Replies: 47
Views: 3721

Re: Two Centuries of U.S. Stock Market Indexes, 1802-2017

... People often seem unaware of the original meaning of "bull" and "bear." It didn't mean "optimist" and "pessimist." Before the SEC, stock market manipulation was assumed . It was what the stock market as about. "Bulls" mean people who were trying to make stocks go up, "bears" meant people who we...
by CurlyDave
Mon Apr 16, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: Investing proceeds of home sale
Replies: 15
Views: 1187

Re: Investing proceeds of home sale

...Should we recast more? ... What is the cost of the recast, and can you do it more than once? If you can recast more than once and for a reasonable cost, you might do the recast you are thinking of now, put the remainder into your taxable account, and re-evaluate in a few years. A lot of variable...
by CurlyDave
Mon Apr 16, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: How much is too much in a Fidelity or VG account?
Replies: 22
Views: 3981

Re: How much is too much in a Fidelity or VG account?

I like having my money in multiple brokerages in case of the possibility of account takeover. Most likely if something did happen, the money would eventually be recovered, but I sleep better at night knowing that one hack won’t put ALL of my money at risk. While I agree that multiple brokerages is ...
by CurlyDave
Sun Apr 15, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2141

Re: Car Loan vs Home Mortgage

... If you would buy stocks rather than paying down a mortgage at 3.5%, then you should also buy stocks rather than buying bonds which yield 3%. If you have the risk tolerance, you could reasonably take both risks, and hold 100% stock and a mortgage, but few investors do that. Liquidity is a separa...
by CurlyDave
Sun Apr 15, 2018 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1151

Rentals and Security Deposits

We have a number of rentals and in the past few years there have been more and more roommate situations where a number of unrelated adults will jointly rent a unit and share the rent and other expenses. This actually works out very well for landlords, because the ability to pay rent is frequently hi...
by CurlyDave
Sun Apr 15, 2018 1:29 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 11412

Re: What is your AA, given your age? and, Why?

I'm 41, wife is 43. Our allocation is 100% stocks : 0% bonds. We've stuck to that allocation since we started saving seriously in 2006. We plan to stick with it till we die. Our reasons for doing so: - Stocks will almost certainly outperform bonds by a huge margin over horizons longer than 30 years...
by CurlyDave
Sun Apr 15, 2018 1:07 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9954

Re: Trinity Study updated to 2018

This is from January, but I searched and did not find a post on it: https://www.forbes.com/sites/wadepfau/2018/01/16/the-trinity-study-and-portfolio-success-rates-updated-to-2018/#6665ac7e6860 Wade Pfau updated the Trinity Study to include data thru 2017. He also includes failure rates up to 40 yea...
by CurlyDave
Sun Apr 15, 2018 12:54 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9954

Re: Trinity Study updated to 2018

retiredjg wrote:
Sat Apr 14, 2018 8:45 am
I'd love to read it, but can't open anything at Forbes. This has happened before. Anyone else having this problem? I'm using Safari 11.0.3
I am using the current version of Safari, which is 11.1, and it works for me.

Consider upgrading. It is free.
by CurlyDave
Sat Apr 14, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2141

Re: Car Loan vs Home Mortgage

This isn't a fair comparison; see Paying down loans versus investing on the wiki. Paying down the mortgage is a risk-free 3.5%. If you want to earn more than 3.5% with some risk, you can invest in stock, but you can do that even if you do pay down the mortgage; move an equal amount of your 401(k) f...
by CurlyDave
Sat Apr 14, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Interest and penalties accrue from original or extended tax filing deadline?
Replies: 3
Views: 285

Re: Interest and penalties accrue from original or extended tax filing deadline?

Is it fair to say then that this is one downside of filing an extension? I've seen others on this forum say that you might as well file an extension to give yourself more time (while of course paying what you think you owe by the original due date). But it seems that the later you file your return,...
by CurlyDave
Sat Apr 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Car Loan vs Home Mortgage
Replies: 28
Views: 2141

Re: Car Loan vs Home Mortgage

Me, I wouldn't do either. I would open up a taxable account and invest the $600/month. You can easily do better than a 1% return on the car loan with nothing more exotic than TIPS, and even the most pessimistic nominal stock return projections beat the stuffing out of a 3.5% mortgage. Think of inves...
by CurlyDave
Sat Apr 14, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 153
Views: 8352

Re: Why are expected returns so much lower than historical returns?

Now, 68 years later, I look at the home I grew up in, and see that the one I live in today isn't really that different. So today we text instead of telephone; our color TVs have bigger screens and a whole lot more channels, mostly filled with crap; our cars are better, safer and less polluting, but...
by CurlyDave
Sat Apr 14, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: irs filing rental property mistake?- less than fair market "rent" to family
Replies: 8
Views: 1008

Re: irs filing rental property mistake?- less than fair market "rent" to family

curlydave, How do you calculate/factor the lower rental rate if you know the tenant is/will be stable long term? Percentage wise? ... Typically, I take one month's rent and divide by 12. I them subtract this from the going rate for newly-rented units. This is my target rent for the unit. A little m...
by CurlyDave
Sat Apr 14, 2018 1:33 am
Forum: Investing - Theory, News & General
Topic: Why are expected returns so much lower than historical returns?
Replies: 153
Views: 8352

Re: Why are expected returns so much lower than historical returns?

... We have far more competition now, and perhaps more importantly, the extraordinary transformation we experienced from 1900 to 1940 due to rapid industrialization, which hugely boosted investment returns, simply cannot be repeated. A country only industrializes once. Well, we certainly have compe...
by CurlyDave
Wed Apr 11, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Mini Air Compressor
Replies: 22
Views: 1538

Re: Mini Air Compressor

The best bang for the buck on homeowner air compressors is at Harbor Freight.
by CurlyDave
Wed Apr 11, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property...Tips/Learning for Newbie
Replies: 16
Views: 1089

Re: Rental Property...Tips/Learning for Newbie

If you need a prop mgr, you shouldn't become a landlord. +1 A property manager will eat your lunch for you and then ask for money for desert. Especially when you are just starting. Wait until you have enough rentals that you can no longer manage them yourself in your spare time. And at that point a...
by CurlyDave
Wed Apr 11, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability Timing Question
Replies: 5
Views: 710

Re: Social Security Disability Timing Question

Apply as soon as possible.

A good friend broke his leg and it never healed correctly (there is still exposed bone). He applied for SS disability 5 years ago and it was just granted 3 months ago. The lag time can be enormous.
by CurlyDave
Wed Apr 11, 2018 1:17 am
Forum: Personal Finance (Not Investing)
Topic: irs filing rental property mistake?- less than fair market "rent" to family
Replies: 8
Views: 1008

Re: irs filing rental property mistake?- less than fair market "rent" to family

I think you need to talk to a good tax accountant and/or attorney instead of asking on the internet. The situation is complex. A lot may depend on the closeness of the relative. And "fair market rent" can be be interpreted in different ways. DW and I have rentals. Part of our business model is that ...