Search found 601 matches

by CurlyDave
Thu Jul 19, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 34
Views: 4971

Re: New book based on Millionaire Next Door

...Some 46% of the educators attribute their wealth to inheritance... I find it difficult to believe that a greater percentage of educators would inherit significant resources than either doctors or lawyers. I could easily be convinced by the right data, but a priori there is no reason to assume th...
by CurlyDave
Wed Jul 18, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: Acceptable uses...New Financial Chromebook
Replies: 8
Views: 721

Re: Acceptable uses...New Financial Chromebook

Both my bank and brokerage houses will sometimes send me emails.
by CurlyDave
Wed Jul 18, 2018 3:10 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 152
Views: 9709

Re: Why is leveraging property good but leveraging stocks bad?

With a 1031 exchange, I think you will eventually need to pay capital gains tax including the depreciation recapture if the property is ever sold, right? Not if you hold the property until death. Your kids inherit it, and then get a step-up in tax basis, wiping out the capital gain. Plus they get t...
by CurlyDave
Mon Jul 16, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 59
Views: 4522

Re: Bears!!!

Some bears will not attack a garbage can when there is a paper towel drenched in Ammonia in it, Google for it. Or spray the garbage with Ammonia. +1 on the ammonia. But use more of it. About 1 cup added to the can each time you open it will stop them in their tracks. The lid has to be tight-fitting...
by CurlyDave
Sun Jul 15, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 152
Views: 9709

Re: Why is leveraging property good but leveraging stocks bad?

You were wise to buy real estate and hold it. Real estate is a very forgiving investment. I've found that you could make a lot of mistakes, not run the numbers that well, but if you hold on - rent growth, principal paydown, and equity happens :) Well done! In my case, I just bought a few properties...
by CurlyDave
Sun Jul 15, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 152
Views: 9709

Re: Why is leveraging property good but leveraging stocks bad?

Leverage is not bad for stocks. I am unapologetically leveraged. I didn't chose a margin loan to do it, instead, I have four fixed rate loans with APRs of 0%, 0%, 1.89%, and 3.125%. I carry this debt for cheap leverage, tax deferral, and the three lowest rate loans are a profitable investment in th...
by CurlyDave
Sun Jul 15, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: The value of international stocks, in pictures
Replies: 62
Views: 7367

Re: The value of international stocks, in pictures

Don't you think that we can "exploit" these different 10-year working periods between US and World ex-US by allocating only US or only ex-US (based on 12 month momentum performance for example) ? I am honestly trying to judge: Is that meant to be satire? If it is a real question, I would suggest th...
by CurlyDave
Fri Jul 13, 2018 1:42 am
Forum: Personal Consumer Issues
Topic: My roof looks like a patchwork quilt/insurance companies (UPDATE!!!)
Replies: 14
Views: 1591

Re: My roof looks like a patchwork quilt/insurance companies

IMHO, it is far better to just let the adjustor make an offer without demanding anything. He may decide on this own that the roof should be replaced. If you anger him by demanding a replacement he may go out of his way to deny the replacement. If his offer is not enough, then is the time to escalate.
by CurlyDave
Wed Jul 11, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation for High Net Worth (>$3M) Individuals
Replies: 26
Views: 4553

Re: Asset Allocation for High Net Worth (>$3M) Individuals

Well, I read the article and it pegged my BS detector way over on the deep red "Man the Lifeboats" side of the scale. Not surprisingly, since it is put out by the Private Wealth Management arm of Bank of America, either they are ignoring real estate, or it is in that 4% "other" category. In my lifet...
by CurlyDave
Wed Jul 11, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Trade War: time for Mac Upgrade?
Replies: 34
Views: 2900

Re: Trade War: time for Mac Upgrade?

...Why are you going to an iMac instead of just upgrading to another MacBook Pro?... I don't want to speak for the OP, but for this retired geezer my iMac is bigger, faster and more cost-effective. When I worked I preferred laptops because I could take it with me, but unless one lives in a very con...
by CurlyDave
Wed Jul 11, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15159

Re: Retirement Destination - are you happy with your choice?

Don't the high state income taxes in Oregon give you some concern? I currently live here, and would love to stay, but the thought of paying a high state tax on future roth conversions makes me cringe. Unless I'm missing something about how this is taxed at the state level? Our children and grandchi...
by CurlyDave
Tue Jul 10, 2018 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Continue to Rent or Sell
Replies: 20
Views: 1536

Re: Rental Property - Continue to Rent or Sell

I enjoy being a landlord, and it has certainly produced a better return that stocks for us. If I inherited a house like this I would be very tempted to sell thorough a 1031 exchange into a multi-family building. The OP does not give his age, but if young, this would be a great move. OTOH, if you hat...
by CurlyDave
Sun Jul 08, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: How come voice command on Garmin GPS is so lousy compared to Google Maps?
Replies: 22
Views: 1574

Re: How come voice command on Garmin GPS is so lousy compared to Google Maps?

Unless security is crucial, proprietary GPS systems based on downloading and locally storing maps on a dedicated device are inferior to cloud-based systems that can be, at least theoretically, updated constantly. This is true right until you drive to the edge of cell phone coverage. Then you are co...
by CurlyDave
Sat Jul 07, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Experience with Generac or Champion generators
Replies: 9
Views: 563

Re: Experience with Generac or Champion generators

I own a a few Generacs, but older ones. A number of the guys I hunt with have been bringing Champions up to deer and elk camp for the past few years and I am impressed with their performance. They start easily in cold weather, run well and no failures over the past 5 years or so. 200-300 hours use o...
by CurlyDave
Sat Jul 07, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1623

Re: 401k loan to pay off debt?

I have never taken a 401(k) loan, for the simple reason that if one looses his job, the 401(k) loan is immediately due or it would be treated, and taxed, as an early withdrawal. Some version of this gets posted to every 401k loan thread. It's wrong every time. What is the correct answer? A little r...
by CurlyDave
Sat Jul 07, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1623

Re: 401k loan to pay off debt?

I have never taken a 401(k) loan, for the simple reason that if one looses his job, the 401(k) loan is immediately due or it would be treated, and taxed, as an early withdrawal.

If I need to take out a loan while I have a job, I am certainly not going to be able to pay it back when I don't have one.
by CurlyDave
Sat Jul 07, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 4297

Re: Which advanced tech is necessary in cars?

...With the safety Tech, Honda by far makes the best driver assistance features in 'affordable' cars... That is certainly a matter of opinion. As of about a year ago, the on-line reviews (and the DOT tests) had Subaru as the best automatic braking system, which is why I bought one. I love it and it...
by CurlyDave
Sat Jul 07, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience in Social Security/SSA Hearings?
Replies: 15
Views: 1532

Re: Anyone with experience in Social Security/SSA Hearings?

I helped a friend with SS disability hearings. He had an attorney and it was still a hard struggle to get them to make reasonable decisions. Without one you have almost no chance. It is sort of a tossup whether SS will be represented by Simon Legree, Cruella De Vil or someone of biblical cruelty, bu...
by CurlyDave
Sat Jul 07, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Where to get credit check for landlord?
Replies: 18
Views: 1422

Re: Where to get credit check for landlord?

mervinj7 wrote:
Thu Jul 05, 2018 3:58 pm

... I don't need to collect and protect their SSN info...
If something ever goes wrong and you have to collect a judgement against them, you would be very thankful to have a SS number.

I never rent to anyone who will not give me his/her SS number.
by CurlyDave
Fri Jul 06, 2018 1:29 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11033

Re: SS taken at 62 vs. 70, but measured from 70+

...When the "trust fund" runs out in 2034ish... Before I put too much faith in that 2034 number, I would look up the previous estimates of the year the trust fund runs out for the past decade or so and plot them on a graph. I know we held our own this year, but for quite a while the year it ran out...
by CurlyDave
Wed Jul 04, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 61
Views: 5385

Re: Rodents ate my car!

Boglegrappler wrote:
Tue Jul 03, 2018 3:28 pm

...I'm not sure what the cure is...
The cure involves dead mice.
by CurlyDave
Wed Jul 04, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11033

Re: SS taken at 62 vs. 70, but measured from 70+

... It is more likely that I'll be reassured that I left a more certain stream of income to my wife. As an old geezer who took SS at the first opportunity, and left my money in my portfolio, I am certain that the stream of income from the portfolio will benefit my wife, our children and our grandch...
by CurlyDave
Wed Jul 04, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11033

Re: SS taken at 62 vs. 70, but measured from 70+

Ran your scenario on ORP with just a 5% rate of return and living till 92. You are better off waiting till 70, but as that model almost always shows, the advantage is minor. According to SS: "About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age ...
by CurlyDave
Wed Jul 04, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11033

Re: SS taken at 62 vs. 70, but measured from 70+

...Well i appreciate this comment and this is the part I'm trying to discuss. From age 70 going forward, the comparison continues because I either "bought" the larger social security which will then only grow at the SS discount rate, or I didn't "buy" it and I have a larger portfolio which better d...
by CurlyDave
Wed Jul 04, 2018 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4221

Re: Will I ever be able to itemize?

...You seem to be missing the forest for the trees in thinking you are "getting screwed". Your taxes got lowered because of the increased deduction. With the original deduction you indeed would have had the "opportunity" to itemize but you would have had a *higher* taxable income. Why on earth woul...
by CurlyDave
Wed Jul 04, 2018 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Can I finance a new home abroad (Carribean)???
Replies: 53
Views: 4244

Re: Can I finance a new home abroad (Carribean)???

... Local mortgage rates in the Dominican Republic are very high (between 18% and 26%) and are typically not fixed... There is a reason for this. And it is not because the world hates the people of the Dominican Republic. It is because there are enormous risks associated with an illiquid investment...
by CurlyDave
Wed Jul 04, 2018 2:28 am
Forum: Investing - Theory, News & General
Topic: Two WSJ articles on comparing index and actively managed endowments
Replies: 13
Views: 2182

Re: Two WSJ articles on comparing index and actively managed endowments

I suspect very few institutions will follow the Nevada example because it would create insufficient opportunities for very high advisory fees.
by CurlyDave
Wed Jul 04, 2018 2:09 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11033

Re: SS taken at 62 vs. 70, but measured from 70+

On average, the total amount of Social Security benefits you receive will be the same regardless as to whether you start benefits at age 62 or age 70. This is because a 62 year old will, on average, receive benefits for 8 years longer than will a 70 year old. The benefits received at different ages...
by CurlyDave
Wed Jul 04, 2018 1:43 am
Forum: Investing - Theory, News & General
Topic: Lump Sum Investing Put Simply
Replies: 16
Views: 1075

Re: Lump Sum Investing Put Simply

IMHO most people who save a percentage of their earnings invest it. This seems normal and natural to me. But it is fairly low-tech sounding, so the financial wizards, who would like to separate you from a percentage of your money, invented a fancy term for it: "Dollar Cost Averaging". DCA is nothing...
by CurlyDave
Tue Jul 03, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Neighbor's drainage issue causing problems
Replies: 54
Views: 3785

Re: Neighbor's drainage issue causing problems

Even if they "solve" the problem by cleaning out the drain, the problem will return the next time it clogs up. If they clean the drain and you finish the basement, it will eventually flood again. You either need to build up the grade on your side of the property line to divert the water, or somehow ...
by CurlyDave
Tue Jul 03, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3294

Re: How do I fix my heating bill?

...Natural gas is not available. I do have a fireplace but do not feel comfortable running it when we are not home or asleep and by the time we get home and get it going, we are still freezing by the time we go to bed. I'm willing to seek out any alternate solutions however. 1. Do you have a firepl...
by CurlyDave
Tue Jul 03, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15159

Re: Retirement Destination - are you happy with your choice?

About 2 years out form retirement DW and I bought a motorhome and set out looking for places to retire to. We towed a car behind us. We would spend several days in each of many locations discussing what we liked and didn't like about the area. We could go back to any location and stay as longs as we...
by CurlyDave
Tue Jul 03, 2018 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Fed survey: 40% of adults cannot cover a $400 emergency expense
Replies: 48
Views: 4993

Re: Fed survey: 40% of adults cannot cover a $400 emergency expense

One of the more amazing things to me is that "I would withdraw it from my brokerage account" is not even a listed option.

Of course for most of us $400 is lost in the noise of monthly expenses, but if I needed thousands, the brokerage account is where i keep it.
by CurlyDave
Tue Jul 03, 2018 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12071

Re: Expected returns for 80/20 stock bond for next 10 years.

Whenever you read about a "panel of economists" or "economists" you need to understand that their opinion and $5.00 will get you a cup of coffee at Starbucks. Just as an example of the predictive power of economists, when the results of the 2016 election became clear, the market was closed but stock...
by CurlyDave
Mon Jul 02, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18686

Re: Retirement strategy?

...Thoughts? Well, despite the naked link, I recognized a mainstream publication and clicked through to read the article. The real takeaway is the stunning stupidity of the author. Figures don't lie, but real dummies figure. My takeaway is that if I save diligently and get one percent or less retur...
by CurlyDave
Sun Jul 01, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Smart to transition to rental property?
Replies: 10
Views: 1263

Re: Smart to transition to rental property?

I owned 30 rental units for some 30 years and my suggestions are: You have already made a mental assessment as to whether this unit is attractive to keep for decades or not. If you are so positive about it, are you attracted enough to purchase another ten units? No? Then get out of the rental busin...
by CurlyDave
Sun Jul 01, 2018 4:52 am
Forum: Personal Consumer Issues
Topic: replace old central AC unit?
Replies: 32
Views: 2344

Re: replace old central AC unit?

Some other things to check: 1. Insulation: older houses have less. Bring it up to modern standards, especially in attic. 2. Windows: older houses have windows with air leaks. My son thought his a/c needed replacement, but two contractors told him the real problem was his windows and doors. Power com...
by CurlyDave
Sun Jul 01, 2018 12:39 am
Forum: Personal Consumer Issues
Topic: Water leak when it rains - older Camry
Replies: 25
Views: 1414

Re: Water leak when it rains - older Camry

From that location, sounds like the cowl under the windshield (where the wipers fold down) -- clogged or broken. Not an expensive fix. Happened to me. Thought it must be the sunroof (since everyone always thinks it's the sunroof) but it was not. Water on the front passenger-seat floor. +1 This has ...
by CurlyDave
Sun Jul 01, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1674

Re: Whole House Generator

We have an old Generac that I converted from gasoline to propane. It will feed the whole house through the breaker panel, but is not auto start and there is a manual transfer switch. It has worked every time we needed it and has been a great convenience. Since it is just emergency back up I don't th...
by CurlyDave
Sat Jun 30, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7062

Re: Yes, It’ll Happen - Jonathan Clements

It reemphasizes the value of a pension. For example if your pension is 40K a year it equivalent to withdrawing 4% on a 1 million dollar account. Sort of. But with a $1M account, I have $960,000 left in my account/estate if I die one year into retirement. With the pension, not so much... The $960k i...
by CurlyDave
Sat Jun 30, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Landlords- How Many Months of Expenses Do You Keep?
Replies: 8
Views: 1184

Re: Landlords- How Many Months of Expenses Do You Keep?

One EF to cover all potential emergencies. Personal, rentals, etc.

And, think it through. When the market has been good, we have replaced roofs rather than accepting the need for a contingency for roof repair. Scheduled maintenance is not an emergency and should not come out of an EF.
by CurlyDave
Sat Jun 30, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Passive Business Ideas
Replies: 8
Views: 1298

Re: Passive Business Ideas

You can Google "passive business ideas" and get thousands of suggestions, faster than this thread will give them to you, and with more detail. And most of them will separate you from your money even faster. There is no such thing as a free lunch, and most "passive" businesses require a lot of invol...
by CurlyDave
Sat Jun 30, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Inspection on home we wish to purchase - questions i should ask
Replies: 23
Views: 1343

Re: Inspection on home we wish to purchase - questions i should ask

TIP Have the inspection done before the home is appraised, and give the inspector's report to the appraiser. The appraiser may require some items found in the inspection to be repaired before the lender will make a loan on the property. This gives you a lot of bargaining power with the seller. If t...
by CurlyDave
Fri Jun 29, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Missed June estimated tax payment deadline. Now what?
Replies: 17
Views: 2067

Re: Missed June estimated tax payment deadline. Now what?

You could ignore the whole thing and probably come out ahead. The IRS is not going to send a SWAT team to your door. I have not made quarterly tax payments for years. The penalty is nothing but a modest interest rate. For the past five years, keeping the payment invested in SPY or QQQ has returned m...
by CurlyDave
Fri Jun 29, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Any Reason to Keep My "Landline" Phone?
Replies: 65
Views: 4019

Re: Any Reason to Keep My "Landline" Phone?

My home security system is tied to a landline. And so is the elevator in my home. I think I need my landline. My home security consists of my dogs and me. When I upgraded my cellphone, I kept the old one and added a line. I mounted the old one in the elevator. The car already had electricity (there...
by CurlyDave
Fri Jun 29, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: Best way to clean eyeglasses?
Replies: 59
Views: 3845

Re: Best way to clean eyeglasses?

To me, the absolute best is an ultrasonic cleaner. I have one I got at Harbor Freight, and I put them in there with warm water and one ounce of Simple Green. DW likes me to clean her jewelry at the same time. Rinse under clean warm water and blot dry with paper towel. No scratches from cleaning. Whe...
by CurlyDave
Tue Jun 26, 2018 11:06 pm
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 44
Views: 20097

Re: Costco tire - Michelin vs Bridgestone

There was a time when I like Michelins a lot. Then some funny things happened. I got a set that just could not be balanced right. I put up with a very poor ride for 40k miles, and got another set. These were even worse than the first. I took them back to Costco and they agreed, replaced them. The re...
by CurlyDave
Tue Jun 26, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?
Replies: 98
Views: 6215

Re: Buying a truck - Honda Ridgeline vs Chevrolet Silverado 1500?

For what you are describing - 20 wooded acres, gravel and livestock I say Ford F series. Best selling pickup since 1977 and it's no coincidence... I think if you add Chevy and GMC together, the GM trucks are bigger sellers. At least in some years. Either Ford or GM would be my choice also, [OT comm...
by CurlyDave
Tue Jun 26, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6968

Re: CNBC: Social Security buying power has slipped by a third for retirees

I'm going to call partial BS on the original article. Among the top items they have "home heating oil" - how many people use home heating oil as a primary source? ... "About 5.7 million households in the United States use home heating oil as their main space heating fuel..." Source: https://www.eia...
by CurlyDave
Tue Jun 26, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6968

Re: CNBC: Social Security buying power has slipped by a third for retirees

...I left out 2007, since that was your (CurlyDave) initial filing for SS at 62. The COLA increases 2008-2018 on SS were 15.7%. Not only would you be receiving 74% more right now had you waited until age 70, but your COLA increases would have been a higher dollar amount. I have yet to hear from som...