Search found 1897 matches

by CurlyDave
Thu Sep 17, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2405

Re: What one Book to read about personal finance?

The Little Book of Common Sense Investing Richest Man in Babylon Millionaire Next Door P.S. Dave Ramsey is Ok for helping people get out of debt, but his financial/investing advice runs counter to research. I would not let that man invest a penny of mine. I am a big fan of the Richest Man in Babylo...
by CurlyDave
Tue Sep 15, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Fun tidbit of the day, regarding sentiment: "Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above...
by CurlyDave
Tue Sep 15, 2020 1:10 pm
Forum: Personal Investments
Topic: Savings from a Refinance
Replies: 5
Views: 385

Re: Savings from a Refinance

I would save the extra money and invest it in a taxable account. That way it is always available to you either as a "deep emergency fund" or to pay down the mortgage if you ever want to. Of course this is subject to the risk of the market, but the odds are with you. I have owned houses since 1972 an...
by CurlyDave
Mon Sep 14, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Nasdaq already running out of steam and hours still to go. Lets do a little math. In any year a 12% increase would be considered good. There are typically 251 trading days per year, call it 250 to make the math easier. The 250 th root of 1.12 is 1.00045, which means that any day where the increase ...
by CurlyDave
Mon Sep 14, 2020 12:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Robot Monster wrote: Mon Sep 14, 2020 8:50 am Today's soaring is like a wonderful colonic cleanse, am I right?
Soaring high above the NYSE on porcelain wings.
by CurlyDave
Mon Sep 14, 2020 9:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Robot Monster wrote: Mon Sep 14, 2020 8:50 am Today's soaring is like a wonderful colonic cleanse, am I right?
That mental image has stopped this thread cold, even though the soaring continues.

I am ready for soaring analogies of birds, gliders, and rockets.
by CurlyDave
Sun Sep 13, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: What Method of paying cash for car: EFT vs check?
Replies: 31
Views: 1779

Re: What Method of paying cash for car: EFT vs check?

I always enjoy taking a great big wad of Benjamins in with me.

Never been refused.
by CurlyDave
Fri Sep 11, 2020 11:59 pm
Forum: Personal Investments
Topic: transitioning portfolio with age
Replies: 29
Views: 2459

Re: transitioning portfolio with age

I have been retired for 15 years. I think of our portfolio as being like a giant ocean liner. Unless Moby Dick surfaces 100 yards dead ahead there is no reason at all to make any sudden changes of direction. A couple of years ago I transitioned from 100% stocks to about 75/25 stocks/bonds over the c...
by CurlyDave
Fri Sep 11, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you fire your financial advisor for this error?
Replies: 45
Views: 4661

Re: Would you fire your financial advisor for this error?

1. I think the advisor did a great job--corrected his "error" with no lasting harm. 2. I suspect the advisor is worth his 50 bp for the reason you mention. Keeping you from the criticism of your financially naive sibling when there is a down market. Given the family dynamics this implies, I would le...
by CurlyDave
Wed Sep 09, 2020 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 7975

Re: What % of income to spend on car?

...Based on this new information, the only correct answer is a Subaru. :) That was my first thought too, specifically a Forester since the lower trim levels are not too expensive. If you look at a Forester also look at an Outback. Interior volume is just about equal, but the Forester is shorter and...
by CurlyDave
Wed Sep 09, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Looking like some reasonably good news in premarket action.
by CurlyDave
Tue Sep 08, 2020 1:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

...The loss of the $600 unemployment insurance may push people to find work. It may also increase the spread of Covid-19, evictions, hunger, and as a result make it harder for people to return to their previous jobs and make current jobs less stable (if there’s a resurgence). So I’d argue it’s a ve...
by CurlyDave
Tue Sep 08, 2020 1:24 am
Forum: Investing - Theory, News & General
Topic: Are the days of 7% avg index returns over?
Replies: 65
Views: 9442

Re: Are the days of 7% avg index returns over?

In Jerome Powell's latest interview on NPR it was hinted that this may be the case since more and more people are investing. Moving forward would it be more realistic to expect returns of 3-4% on average now? I think even Bogle mentioned something like this in the past where he thought the average ...
by CurlyDave
Sun Sep 06, 2020 11:57 pm
Forum: Personal Investments
Topic: Lump Sum Vs Dollar Cost Average
Replies: 19
Views: 1392

Re: Lump Sum Vs Dollar Cost Average

The real answer is whichever one will get you out of dithering mode and into action first thing Tuesday morning, since tomorrow is a holiday.
by CurlyDave
Sun Sep 06, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Any gaps in our thinking?
Replies: 46
Views: 3401

Re: Any gaps in our thinking?

Looking for community feedback on our thought process. ... Education Expenses 100K for each child in 529. No plans to add more.. ...In 11 years, once kids are in college, we can downgrade and move back to our paid off townhouse... You are not insane, but I think you are vastly under preparing for c...
by CurlyDave
Thu Sep 03, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Raccoons!
Replies: 38
Views: 2552

Re: Raccoons!

Ammonia will discourage them. Use a squirt bottle that can produce a stream.

It is not as long-lasting as mothballs, which might be good.

A squirt bottle full of ammonia makes you the chemical warfare equivalent of a skunk. Most wildlife will back off.
by CurlyDave
Thu Sep 03, 2020 12:37 am
Forum: Personal Consumer Issues
Topic: Does dishwasher need to be replaced?
Replies: 16
Views: 1157

Re: Does dishwasher need to be replaced?

We had a dishwasher smoke because a plastic utensil fell on the heating element. If it had been an accessible place on the element I would have cleaned it up and been done with it, but the dratted thing fell right on top of a brace for the element welded to the stainless tub. There was no chance of ...
by CurlyDave
Wed Sep 02, 2020 12:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

While I agree the economy is fragile right now, interest rates are zero which makes sitting on cash a money loser and makes bonds unattractive. Fundamentally, until this changes and rates start to go up (which could be years) stocks will continue to melt up. Tough to be a bear right now and fight t...
by CurlyDave
Wed Sep 02, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Smart money is buying bonds & defensive stocks - be careful. With my "serious money" I mostly follow Bogle's advice, with my "fun money" I am somewhere between Peter Lynch and Rudyard Kipling.* This has benefitted me greatly over the years. The 5% of my portfolio I put into the "fun" category 15 ye...
by CurlyDave
Wed Sep 02, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

TheTimeLord wrote: Wed Sep 02, 2020 8:01 am Die Hufe der Pferde des Jägers donnern im Morgenlicht!
Well, they are thundering downhill this morning...
by CurlyDave
Tue Sep 01, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

...Think how many older bank customers have been forced to learn how to use online banking due to Covid, do you really think they will even want to go back now that they are competent with the technology? ... As a retired old geezer who lives in a small town, I will be thrilled to be able to go bac...
by CurlyDave
Tue Sep 01, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Tonight's question, do you think the NASDAQ will hit 13,000 before having a 5% pullback? "Nobody knows nothing," but I have a fair amount of money bet on 12,000 before there is a pullback. That might be reachable tomorrow, the way it has been running. I think 13,000 is on the agenda for this year, ...
by CurlyDave
Tue Sep 01, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Stinky wrote: Tue Sep 01, 2020 1:03 pm I feel a late day surge coming! :moneybag
I am still waiting for this predicted melt-up.
by CurlyDave
Tue Sep 01, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

... I didn't notice anyone commenting yesterday on Amazon receiving approval for drone delivery. But just because we are on that track it doesn't mean something won't come along to muck it up. Well, I will comment, but I don't think this is going to be quite as revolutionary as Amazon does. The US ...
by CurlyDave
Tue Sep 01, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

atdharris wrote: Tue Sep 01, 2020 9:15 am I believe we really are in a tech revolution. The pandemic has just sped up the process.
I agree.

A few weeks ago when I was talking about Creative Destruction no one commented on it. But we are watching it in real time.
by CurlyDave
Tue Sep 01, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Are the QQQ people going to make some :moneybag today? I suspect the Curly family will ha e another all time high. :sharebeer Well, we opened at an all-time high for opening. :D :D If it holds up for the entire day it will be another good day. Maybe even a very good day. TheTimeLord is probably fil...
by CurlyDave
Mon Aug 31, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Hopefully the QQQer's can time it right before the everyone starts bailing to take profits on tech. I will gladly take a percent or two haircut for being too late to leave after the gains I have received from QQQ. I think being too late to join is a bigger problem than being too late to leave. You'...
by CurlyDave
Mon Aug 31, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Apple +4%, Tesla +11%... stock splits don't have any bearing on the actual value of the company - umm... right? 1. Any publicity is good publicity -- as long as they spell your name right. 2. A seldom-discussed benefit of stock splits is that they diversify ownership. Maybe there is more to that th...
by CurlyDave
Mon Aug 31, 2020 9:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Kind of a wavery start, but NASDAQ is soaring.
by CurlyDave
Sun Aug 30, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

...Well my plan was to throw some more logs on the fire, so I guess that is what I will still do. One of the not-so-famous quotes that sticks in my head is about John D. Rockefeller: When it was raining porridge, Lucy Rockefeller said, "John D.'s dish was always right side up." Well, it has been ra...
by CurlyDave
Sun Aug 30, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Stinky wrote: Sun Aug 30, 2020 6:11 pm Yes, it’s very early in the evening.

But futures are UP about 0.25%.

Let the soaring continue into another week!
NASDAQ futures up about 0.6% right now. Waiting for QQQ to follow.
by CurlyDave
Sun Aug 30, 2020 11:11 am
Forum: Personal Investments
Topic: Dump Bonds -- buy AAPL & TSLA split?
Replies: 131
Views: 10145

Re: Dump Bonds -- buy AAPL & TSLA split?

No offense, but this is a dumb move. If you've won the game, stand down , don't go down the path of risking your "safe" assets on a pure undiversified gamble. If the gamble doesn't work out, you could end up being in a position of not having won the game. From out here on the left coast, $250k in B...
by CurlyDave
Sat Aug 29, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - Worst Case
Replies: 142
Views: 9510

Re: Umbrella Insurance - Worst Case

afan wrote: Sat Aug 29, 2020 1:10 pm
...The risk does go up at older ages, but nowhere close to new driver teenagers.
60-69 year old drivers are the safest...
And, I know from my own experience that older driver also drive fewer miles per year than younger ones.
by CurlyDave
Sat Aug 29, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: Retaining wall advice?
Replies: 6
Views: 731

Re: Retaining wall advice?

I have a tiered retaining wall on one side of my property. There are 2 tiers, each about 4' high and the wall is about 75' long. It was built out of timbers and was somewhat poorly constructed. The walls are about 20 years old and starting to show signs of decay. It's not an immediate need, but eve...
by CurlyDave
Sat Aug 29, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

There seems to be more fear than greed in the Soaring thread (and the forum in general) as of late. Darth Sidious is pleased. Not really fear, it is just that I have seen this movie before. I still remember the late 1990's and the 2000-2002 Tech crash and bear market that followed. We aren't in 199...
by CurlyDave
Thu Aug 27, 2020 11:29 pm
Forum: Investing - Theory, News & General
Topic: SEC adds sophistication to list of accredited investor types
Replies: 31
Views: 3076

Re: SEC adds sophistication to list of accredited investor types

I am in favor of raising the requirements. To put it bluntly, except for friends and family deals nothing you can get on the private market is better than the public market. I say this as a guy who has probably broken even on all of these despite access to several of these f&f deals. Look at all of...
by CurlyDave
Thu Aug 27, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Whoops!

Looks like that soaring has come to a halt and we are getting pretty much earthbound. :annoyed
by CurlyDave
Wed Aug 26, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

willthrill81 wrote: Wed Aug 26, 2020 11:05 am
...Only about 3% of my portfolio is in FNGU. It's part of a strategy similar to 'Hedgefundie's excellent adventure', and the whole 'adventure' is currently only about 6% of my portfolio. I'm up more than 50% since July of 2019.
Good job.
by CurlyDave
Wed Aug 26, 2020 10:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Another day, another 1% gain in QQQ FNGU is up 7.37% at the moment. :shock: Well, inquiring minds want to know. What % of your portfolio is FNGU? I have a pretty decent chunk of QQQ but my old heart is just not able to take the "excitement" of FNGU. Several decades ago, I read an article in Barron'...
by CurlyDave
Wed Aug 26, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
Now don't be selling us short there. At this exact minute QQQ is +1.46% on the day. :D
by CurlyDave
Wed Aug 26, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Salesforce (CRM) up 26% today on earning surprise and being added as a Dow Jones component!! Last night they announced EPS as 0.94 (0.19 expected). Entire Nasdaq is rocking too. Another exciting green day! Sigh, repositioning is easier when the market moves in both directions with an upward bias, i...
by CurlyDave
Mon Aug 24, 2020 6:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Based on futures market tonight, it looks like we will be SOARING again tomorrow. New highs are ahead! Futures now showing +20 pts for the S&P 500, looks like 3300's might be in the rear view mirror. How I do , enjoy those mornings where I make more than my monthly pay before I roll out of bed in t...
by CurlyDave
Sun Aug 23, 2020 11:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Based on futures market tonight, it looks like we will be SOARING again tomorrow. New highs are ahead! I am impressed. I was worried that there would be a little bit of a pause after last week's action, but here we are again. Warming up that antigravity machine. There is a high probability that I w...
by CurlyDave
Sun Aug 23, 2020 9:31 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 9694

Re: A Plea for Ordinary English

When I think about the fact that the only way to access this forum is through the use of a machine that can instantly provide not only a definition, but also a course of any desired length on most of those terms, it doesn't seem like that much of a problem to me. If something seems too esoteric for ...
by CurlyDave
Sun Aug 23, 2020 9:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697050

Re: U.S. stocks continue to soar!

Stinky wrote: Sun Aug 23, 2020 8:54 pm Based on futures market tonight, it looks like we will be SOARING again tomorrow.

New highs are ahead!
I am impressed. I was worried that there would be a little bit of a pause after last week's action, but here we are again.

Warming up that antigravity machine.
by CurlyDave
Sun Aug 23, 2020 12:55 am
Forum: Personal Investments
Topic: Cash allocation after retirement...
Replies: 29
Views: 3067

Re: Cash allocation after retirement...

I have been retired for 13 years. Own some rentals which allows me to say I am self-employed, but mostly retired. About 2 years ago I put 20 or 25% of our portfolio in ultra short-term bonds, maybe 4-5 years expenses if we were careful. Right now they are only 16% of our portfolio because the stocks...
by CurlyDave
Sun Aug 23, 2020 12:40 am
Forum: Personal Finance (Not Investing)
Topic: what is the best way to buy insurance for home and two cars
Replies: 7
Views: 568

Re: what is the best way to buy insurance for home and two cars

There is a lot more to insurance than getting the lowest price. When our house burned up, I had to hire a public adjustor to pry the money we were due out of the insurance company. They ended up paying the policy limits, but had started by offering less than 20% of that. So, I asked the public adjus...
by CurlyDave
Sat Aug 22, 2020 1:03 pm
Forum: Personal Consumer Issues
Topic: Thoughts on sewage lift station in new home?
Replies: 37
Views: 2729

Re: Thoughts on sewage lift station in new home?

Be sure to carefully consider what that would mean when you eventually sell the house. Any future buyer will have all the same concerns that you do but they will also be concerned about the age of the system even if it is just 10 year old then. Most housing markets are really strong now and there i...
by CurlyDave
Sat Aug 22, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Tires recommendations?
Replies: 61
Views: 3496

Re: Tires recommendations?

Go to Costco when they do their big sale and buy their cheapest all season tires. They are great. Good value. I used to do that but stopped for a couple reasons. First, they’re so busy that it’s difficult to get a time and then the work has only been okay as they try to churn everyone through. Seco...
by CurlyDave
Sat Aug 22, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: AMZN & AAPL - time to bail?
Replies: 167
Views: 14141

Re: AMZN & AAPL - time to bail?

...Can’t believe no one has brought up the dreaded IPS (investment policy statement). You should probably have one that addresses this very issue. Mine says no more than 5% of any individual stock in my portfolio. Currently scrambling to find funds to add so I don’t have to dump AAPL! I think you h...