Search found 290 matches

by CurlyDave
Sun Feb 18, 2018 1:55 am
Forum: Investing - Help with Personal Investments
Topic: To buy or not to buy in Boston for Investment
Replies: 12
Views: 740

Re: To buy or not to buy in Boston for Investment

I have always preferred lower end properties for investments. Not slums, but definitely not luxury. Choose the lowest place you would be willing to live if you suffered a financial reversal. I have avoided condos and new construction. You have a good idea what an established neighborhood is going to...
by CurlyDave
Sat Feb 17, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 31
Views: 1558

Re: Really need an advice: sell the house or rent it out

I am a landlord by choice, and have had rentals for longer than most people on this board have been alive. Unless you want to be a landlord, sell the house. Being a profitable long distance landlord is just not possible in your position. And, you have not yet experienced the joys of a professional p...
by CurlyDave
Thu Feb 15, 2018 1:55 am
Forum: Personal Consumer Issues
Topic: Appliance repair: manufacturer authorized tech vs generic repairman?
Replies: 23
Views: 1031

Re: Appliance repair: manufacturer authorized tech vs generic repairman?

Another vote for generic. Last time I called a manufacturer's authorized, they sent me a tech who only spoke Spanish. Since I only speak English this was a serious issue. The problem did not get fixed, because he also seemed pretty incompetent. I complained to them and they told me they could not se...
by CurlyDave
Mon Feb 12, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3020

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

Some here may disagree with me, but during my accumulation phase I always had a "layered" emergency fund. Even in retirement, I still have layers. A couple weeks worth of "house money" in smaller bills in case of earthquake, hurricane, blizzard, civil disturbance -- any kind of disaster. This is the...
by CurlyDave
Mon Feb 12, 2018 2:29 am
Forum: Investing - Help with Personal Investments
Topic: Wunder Capital - solar lending as an investment - Thoughts?
Replies: 3
Views: 304

Re: Wunder Capital - solar lending as an investment - Thoughts?

One step above giving your money to a Nigerian prince/banker/lawyer so he can transfer millions into you account, but in a similar category.
by CurlyDave
Sun Feb 11, 2018 2:07 am
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 74
Views: 9615

Re: SSD + HDD good option for upgrading desktop PC?

I'm not trying to be funny, but visit an Apple Store and checkout how long it takes a Mac to start up. You might consider switching. They don't decay nearly as much as Windows computers over time. My 2008 iMac I sold not long ago started up very quick and my current 2013 Macbook Pro Retina turns on...
by CurlyDave
Sun Feb 11, 2018 12:46 am
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 54
Views: 6208

Re: Financially secure, horrible workplace but just can't FIRE

... Any tips you can give me? ... Francis The day I decided to pull the trigger on retiring was when I came to the realization that I was selling my days to the company for less than they were worth to me. And, even worse, I didn't know how how many days I had left. At that point I was close to FI,...
by CurlyDave
Sat Feb 10, 2018 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8590

Re: Tenants want to break lease early and is pregnant

Thanks for all the responses. Interesting there was no clear concensus but I will review the lease and go from there Before you do anything review your state laws on this issue also. Anyone can write anything they want into a lease, but state & local law always supersedes the lease terms. Personall...
by CurlyDave
Fri Feb 09, 2018 2:22 am
Forum: Personal Consumer Issues
Topic: Buying a rental house. Pay cash or mortgage?
Replies: 21
Views: 1658

Re: Buying a rental house. Pay cash or mortgage?

Read this. https://www.usatoday.com/story/money/personalfinance/2014/04/01/tax-qa-rental-property-losses/7154811/ You can't deduct rental losses when your income is over 150k (which applies since you are in the 37 percent bracket). I would think about that if you're banking on the mortgage interest...
by CurlyDave
Fri Feb 09, 2018 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Newbie/novice needs advice on what to do during correction
Replies: 17
Views: 1498

Re: Newbie/novice needs advice on what to do during correction

The rule of thumb is that if you should put money in the stock market sooner, there is a 66% chance if the market going up, but don’t try to catch the falling knife... I have heard that "don't try to catch the falling knife" a lot of times. I am not certain it is that good a practice. If the market...
by CurlyDave
Tue Feb 06, 2018 2:43 am
Forum: Investing - Theory, News & General
Topic: Where Are The 100% Equity Bulls? BND up .44%
Replies: 47
Views: 4661

Re: Where Are The 100% Equity Bulls? BND up .44%

The 100% Equity Bulls are continuing to make their regular contributions/investments, or maybe taking their regular withdrawals, and moving on (hopefully) having well expected days like this. Just staying the course. Comfortable with my choice. Sure I wish it had not gone down, but convinced it wil...
by CurlyDave
Mon Feb 05, 2018 3:21 am
Forum: Personal Consumer Issues
Topic: Electric Water Heater - Which one?
Replies: 8
Views: 887

Re: Electric Water Heater - Which one?

You can achieve the same benefit of multiple anodes by replacing the anode in a less expensive tank every 5 years, or so. +1 I replaced mine at 3 years, and the deterioration led me to believe that I could use a 5-year interval. Replacing an anode is an easy DIY project, and well worth the cost. Wi...
by CurlyDave
Sun Feb 04, 2018 12:55 am
Forum: Personal Consumer Issues
Topic: New Subaru Outback vs. used Volvo XC-70
Replies: 37
Views: 2868

Re: New Subaru Outback vs. used Volvo XC-70

Get the Suby -- and spring for the Eyesight collision avoidance system. I have a 2017 and it is really good at warning about lane departure, kicking me back into my lane at highway speed, not letting me back up into things, automatically braking so I don't run into anything, cruise control that will...
by CurlyDave
Fri Feb 02, 2018 3:40 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Money
Replies: 25
Views: 2534

Re: Emergency Money

My entire portfolio is my emergency fund. +1 Now some assets are easier to tap than others, and some would cause more pain, but it is all available in the right emergency. It may take more than a day or two to access it, but I have never seen a major emergency that required great whopping gobs of c...
by CurlyDave
Thu Feb 01, 2018 3:41 am
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 7866

Re: I have an overwhelming gift I'm in need of help of please.

Pay off your house and be done with the issues. Never a bad decision. IMHO paying off the house is a horrible decision. 1. The gift is a great opportunity to diversify the portfolio, paying off the house concentrates it. Increases risk for very little return. 2. Why keep it in cash? Open a brokerag...
by CurlyDave
Wed Jan 31, 2018 3:34 am
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 40
Views: 5349

Re: My new car buying experience.

I had a pretty good experience using the Costco car buying program.

The closest dealer did not participate, in fact the only dealer who did participate was ~100 miles away, but the closest dealer was willing to price match...
by CurlyDave
Tue Jan 30, 2018 12:10 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23618

Re: 401k millionaires

...To make this actionable for myself, is there a point where it doesn't make sense to save in a 401(k) anymore because I am going to be causing myself to have a very high income in retirement? Until the marginal tax rate approaches 100% it is always better to have more income than less income. I c...
by CurlyDave
Mon Jan 29, 2018 11:41 pm
Forum: Investing - Theory, News & General
Topic: If you're really rich you're probably not an index-fundi Boglehead
Replies: 61
Views: 10900

Re: If you're really rich you're probably not an index-fundi Boglehead

The categories are not as clear as they could be.

For instance are my small apartment buildings "real estate" or "business interests"?

And lest you think that this is poorly chosen question, how about Donald Trump? Does he own "business interests" or "real estate"?
by CurlyDave
Mon Jan 29, 2018 3:25 am
Forum: Investing - Help with Personal Investments
Topic: What if Your Play Money Blows Up?
Replies: 31
Views: 4060

Re: What if Your Play Money Blows Up?

I let mine ride. I now have a fair amount of AAPL with a cost basis of $4.50. Gave some to my step son last summer for a down payment on a house. He sold the appreciated shares. We will see what his taxes are -- I am hoping that it will all slide in with no capital gains tax. Dividends alone have re...
by CurlyDave
Fri Jan 26, 2018 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

...Saying that SS will not be fully funded is fine but suggesting that you may know what the remedy is and taking that to mean that it favors an early election of SS would IMHO be more of a stretch than guessing on future stock market returns. I did not say I "may know what the remedy is". But I do...
by CurlyDave
Thu Jan 25, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

I know that SS will increase by abut 8% but In the last 10 years my Ira has increased by 13% per years. Exactly! We all know that for next 5 years market is going to do lot better than 8% per year :oops: We need to think about this one a little bit more. The usual breakeven age for SS at 70 vs. 62 ...
by CurlyDave
Wed Jan 24, 2018 3:59 am
Forum: Investing - Help with Personal Investments
Topic: am I crazy to do a lump sum investment with my entire retirement in this current stock market?
Replies: 47
Views: 5808

Re: am I crazy to do a lump sum investment with my entire retirement in this current stock market?

I believe the research shows that you are better off putting it all in sooner than later. As long as you plan to have it in the market for a long period of time. In Warren Buffet's famous experiment, he deposited all the money right before the last collapse, he still came out way ahead. Of course, ...
by CurlyDave
Wed Jan 24, 2018 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 8763

Re: Working in the real world

There may be a lesson in here many are overlooking. DW and I lived in a VHCOL area, and had salaries and savings commensurate with that. When we retired we moved to a medium-low COL area and are clearly in the very upper income strata in our new location, even with only retirement income. And we lik...
by CurlyDave
Tue Jan 23, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Someone Needs To Pay For What They Did (Advice sought)
Replies: 44
Views: 7570

Re: Someone Needs To Pay For What They Did (Advice sought)

It is really difficult to assign "fault" here. As a landlord, I would start to consider anyone who took me to small claims court a troublemaker and would not renew their rental agreement. If someone asked nicely for a cost sharing arrangement I might consider it, but there is no proof anyone did an...
by CurlyDave
Tue Jan 23, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 5924

Re: Should I buy a business or suck it up at a job(s) with a pension.

Just one more thing to think about. Carefully look into what your pension plan defines as "retirement". Until I went through the process I had always equated "stoping work" with "retirement". This was not correct. "Retirement" was defined as the date I started collecting a pension and I did not have...
by CurlyDave
Tue Jan 23, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

Any thoughts of taking SS early at 62; and in turn, investing that check each month in VTSAX and VBTLX? Well, I took it early at 62 and just didn't withdraw from my IRA. The money was already invested. I am far ahead of where I would have been by waiting. And, the money is in my own account which i...
by CurlyDave
Sun Jan 21, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 47
Views: 5087

Re: Pros and Cons of High Rise Condos for retired couple

...(1) safety, they live in a nice area right now but some homes in their neighborhood have been broken into over the years and they figure living in a high rise with 24/7 security would be pretty safe... (A) The second they step outside the building that 24/7 security does not apply. (B) Even insi...
by CurlyDave
Sun Jan 21, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 31
Views: 2431

Re: Pull back on retirement saving to increase savings for kids' college?

If push comes to shove, it is always possible to borrow money to go to college.

It is almost never possible to borrow money to enhance your retirement.

Keep putting money into retirement accounts.
by CurlyDave
Fri Jan 19, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4403

Re: Lost Job. Retirement/Portfolio Advice

Do not even consider retiring.

Declare yourself INDEPENTLY WEALTHY.

You are.

Now go find something else to do with your life.
by CurlyDave
Fri Jan 19, 2018 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Someone Needs To Pay For What They Did (Advice sought)
Replies: 44
Views: 7570

Re: Someone Needs To Pay For What They Did (Advice sought)

Just pay it and move on with your life. +1 +2 How much do you like your apartment? How hard is it going to be to move? What would the cost of a move be? It is really difficult to assign "fault" here. As a landlord, I would start to consider anyone who took me to small claims court a troublemaker an...
by CurlyDave
Thu Jan 18, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 46
Views: 2600

Re: Real Estate Versus Stocks

... The return on my time from real estate was not enough to justify keeping it. The return on the dollars were really good, but I was able to sell the RE and focus on my career and make much more. If you are in a field that doesn't pay well, or want to avoid corporate life, then RE may be for you....
by CurlyDave
Thu Jan 18, 2018 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

If your account is depleted after 8 years then you should take it at 62. But for me taking at 62, I get about $1800 per month, less than $24k per year, that’s about $192k for 8 years. It’s not a huge amount for some portfolio. Plus I will pay tax on that amount. At 15% for about $20k( only 85% is t...
by CurlyDave
Wed Jan 17, 2018 5:23 am
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 53
Views: 4903

Re: A "Home" cell phone?

...Anyone do that? We did it about 8 months ago. Our need was slightly different -- we have an elevator in the house and need a phone in it in case of emergency. A land line shared between the elevator and a fax machine got up to about $80/month and I decided to do without fax capabilities and adde...
by CurlyDave
Wed Jan 17, 2018 5:11 am
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6653

Re: Hot Water Delay at faucet/shower far from water heater

How does this work? You take a shower with six gallons of hot water? Not quite. It is plumbed so that the hot water line feeds into the aux heater. The small amount of cold water in the line goes into the tank and mixes with the already hot water in it. The water will get slightly cooler as the 6 g...
by CurlyDave
Tue Jan 16, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14347

Re: Stats on When People Take Social Security

I recently ran across a post on social media about when to take SS...Even though I've been around the personal finance block for a long time, I was truly shocked at the financial illiteracy that I saw. (Granted, it was just a single sample). Are we truly that small a percentage of the population? I...
by CurlyDave
Mon Jan 15, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: best flooring for a basement wood shop?
Replies: 27
Views: 1531

Re: best flooring for a basement wood shop?

It is going to be a SHOP. Put whatever you want in while it is living space, but just lay sheets of T&G plywood subfloor over whatever worn out floor other than carpet is there when you do the conversion. This is cheap and has many advantages. Want to hold something in place? Nail it to the floor. (...
by CurlyDave
Mon Jan 15, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Question
Replies: 14
Views: 2867

Re: Early Retirement Question

A lot of things are possible, but I would be a lot more comfortable with $2m than $1m.

There is an awful lot that can go wrong, and everything needs to go right for you to have a comfortable life with the resources you have.
by CurlyDave
Sun Jan 14, 2018 12:06 am
Forum: Investing - Theory, News & General
Topic: for those without an emergency fund, what's your plan for an emergency?
Replies: 25
Views: 3000

Re: for those without an emergency fund, what's your plan for an emergency?

Having to pay some tax is not the worst thing that can happen to a person.
by CurlyDave
Sat Jan 13, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 40
Views: 6599

Re: Year 2000 retirees using the '8% rule' - Where are they now?

Now that I have actually been retired for 10 years, i have had a while to think about and experience many of these issues. Let me offer up some thoughts to chew on: (1) When I was working I did not not set out my expenditure requirements for living and then adjust my salary to those requirements, I ...
by CurlyDave
Sat Jan 13, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5631

Re: DOW breaks 25,000 for first time ever

...I'm very curious to see what happens post 4/15 after corporations reap their huge tax returns. Lots of money will be flowing. 4/15/18 will be a non-event. Several reasons. (1) Corporations pay estimated taxes every quarter. Any large, medium, or even small corporation has accountants who figure ...
by CurlyDave
Sat Jan 13, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: When the Fed stops what do you do?
Replies: 17
Views: 2402

Re: When the Fed stops what do you do?

...Who says that an inflation increase has to be "moderate"? You may not be old enough to remember what happened to inflation between 1980 and 1985 or so. I remember 6 year CDs at 12% and money market funds at 18% on an inverted interest rate curve. I still have a bank statement from 1985 that show...
by CurlyDave
Thu Jan 11, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12386

Re: Is it time for me to "call in rich"?

The convincer for me was the realization that I did not know how many days I had left, but that I was selling them to the company for less than they were worth to me. I was 61 and had less than you in assets, but also pensions and SS which added an income floor. Also had rental properties. Right now...
by CurlyDave
Tue Jan 09, 2018 3:39 am
Forum: Investing - Theory, News & General
Topic: Present value of stable income in retirement
Replies: 3
Views: 697

Re: Present value of stable income in retirement

Jack Bogle thinks that pension and SS income should be treated as a bond-like investment, and I agree. Not because I want to pretend it is something it isn't, but because treating it as a bond allows me to use all of the existing research on withdrawal rates and AA. There is a huge body of research ...
by CurlyDave
Tue Jan 09, 2018 3:33 am
Forum: Investing - Theory, News & General
Topic: Value of ESG?
Replies: 11
Views: 743

Re: Value of ESG?

I think ESG investing is always going to produce lower returns than investing based on ignoring non-financial criteria.
by CurlyDave
Tue Jan 09, 2018 3:26 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18177

Re: Memo to those who have won the game: it's time to quit playing

By the numbers I have won the game but most of my portfolio is still in stocks. The underlying assumption here is that bonds have no risk. That is not always true. The two biggest risks for bonds are inflation and longevity risk, finding out in the 4th quarter of the game that you hadn't won it in ...
by CurlyDave
Mon Jan 08, 2018 3:46 am
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 72
Views: 4813

Re: New Honda CRV - first oil change full synthetic?

FWIW, there are two kinds of Mobil 1 synthetic, the ordinary stuff, and EP which Mobil rates for 15,000 miles. The EP has more additives. If I buy the 5 qt containers at Walmart, the difference in price is $3 or $4. When a vehicle is still in warranty, I have the oil changed at the dealer on the sch...
by CurlyDave
Fri Jan 05, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3505

Re: Why Edward Jones?

Not all of the advisors at EJ are CFPs either. I know that one of our neighbor's adult (45 ish) kids worked there for a while. He is so financially astute that he withdrew 100% of his state pension and lost it all in a Ponzi scheme. The way the deal at EJ worked was that he was supposed to be paid o...
by CurlyDave
Fri Jan 05, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: 1m in Stocks looking to Simplify to Indexes
Replies: 11
Views: 1496

Re: 1m in Stocks looking to Simplify to Indexes

...All 7 stocks after increased in value (lucky due to the bull market I am now realizing) and I've held all for at least 3 years or more. They all are held in a taxable account... So my questions is this. (i) How can I move my sell my stocks and move to index funds with minimal tax implications, o...
by CurlyDave
Tue Jan 02, 2018 2:29 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1591

Re: How to take advantage of lowered property value?

How far from your house is the tower? Is it really 250' tall? I have never seen one anywhere close to that height, but they can be big. I would be tempted to plant a few trees that would grow quite tall and might block the view of the tower over the course of a few years. How many acres does the nei...
by CurlyDave
Tue Jan 02, 2018 2:22 am
Forum: Personal Finance (Not Investing)
Topic: PenFed messed up my mortgage payment - again
Replies: 8
Views: 1105

Re: PenFed messed up my mortgage payment - again

Don't get mad -- get even. Many years ago, when I refinanced right before property taxes were due, the mortgage company failed to make a the tax payment, despite the fact that I called them twice, wrote two ordinary letters and one registered letter reminding them that the tax payment was due. With ...