Search found 66 matches

by Chuck5781
Tue Dec 24, 2019 1:58 pm
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2374

Re: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"

I have not been really big on ESG issues for a few reasons. First, you often sacrifice return in order to be socially responsible. Indeed, there seems to be a "sin" premium. Second, there are differing opinions as to what is moral and ethical. Some folks have a problem with companies that...
by Chuck5781
Tue Dec 24, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2374

Re: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"

Leave investment as investment as it is and keep those social justice propaganda out of my investment choice. Thank you! This isn't about what they invest in. Its about how they vote the shares in the companies they own. Should Vanguard vote against excessive executive compensation plans? I think t...
by Chuck5781
Tue Dec 24, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2374

Re: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"

Leave investment as investment as it is and keep those social justice propaganda out of my investment choice. Thank you! This isn't about what they invest in. Its about how they vote the shares in the companies they own. Should Vanguard vote against excessive executive compensation plans? I think t...
by Chuck5781
Tue Dec 24, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2374

Re: When choosing a MF company, do you consider Corporate Governance?

Interesting article in the New York Times about the increasing shareholder voting power that large index funds (Blackrock, Vanguard, State Street, Fidelity) carry, and questions whether or not they are doing their do diligence by flexing their governance oversight. Given how "competitive"...
by Chuck5781
Sun Dec 22, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Envelope Mailed on Saturday. Envelope Mailed on Monday. No Difference in Delivery Date.
Replies: 31
Views: 2208

Re: Envelope Mailed on Saturday. Envelope Mailed on Monday. No Difference in Delivery Date.

Not much handling, if any, is going to happen over the weekend for regular mail. FWIW - I’ve repeatedly had mail from a bank 23 miles away take 7 days to reach me. Find other means if communication is vital. So, my logic would conclude, if any mischief was to happen to mail inside a postal facility...
by Chuck5781
Sun Dec 22, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: Indexing Doomsday?
Replies: 67
Views: 7029

Re: Indexing Doomsday?

OP, My major concern with indexing is that there are fewer investors with a significant ownership stake in the company willing to push companies management towards better decision making on social and environmental issues. The index funds are not acting as the kind of activist investors I would be ...
by Chuck5781
Sat Dec 21, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 24416

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

stan1 wrote: Sat Dec 21, 2019 7:57 am
your kids and grandkids will thank you for paying your own taxes instead of passing your tax bills unpaid on to then
I would gladly accept anyone’s IRA and cheerfully pay the taxes, seeing how the funds to pay the taxes are in the IRA.
by Chuck5781
Wed Dec 18, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12417

Re: Is any one uncomfortable with their wealth?

Contrary to popular belief (in the US), neither smartness, nor talent, nor hard work is the underlying magic to become very rich - its simply good luck that some have and some don't (right place at the right time That's not saying that hard work and being smart does not help, but there are plenty s...
by Chuck5781
Mon Dec 16, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ "Economists got the decade all wrong"
Replies: 40
Views: 5676

Re: WSJ "Economists got the decade all wrong"

Some Bogleheads proclaim that predictions are meaningless...followed by a prediction that future stock and bond market returns are sure to be lower than the historical averages. It's part of the Boglehead philosophy: "Behind every silver lining is a cloud." +1,000,000 Best and most accura...
by Chuck5781
Sat Dec 14, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: How Does Check Fraud Work?
Replies: 44
Views: 3685

Re: How Does Check Fraud Work?

Most accounts - deposit accounts, credit cards, etc., have alert mechanisms that will send you a text or email when some event is triggered - a balance changes, a balance drops below a threshold you have selected, a deposit posts, an ach posts- among others. It’s a good practice to set these up, an...
by Chuck5781
Sat Dec 14, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Does Check Fraud Work?
Replies: 44
Views: 3685

Re: How Does Check Fraud Work?

Most accounts - deposit accounts, credit cards, etc., have alert mechanisms that will send you a text or email when some event is triggered - a balance changes, a balance drops below a threshold you have selected, a deposit posts, an ach posts- among others. It’s a good practice to set these up, an...
by Chuck5781
Sat Dec 14, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: How Does Check Fraud Work?
Replies: 44
Views: 3685

Re: How Does Check Fraud Work?

Most accounts - deposit accounts, credit cards, etc., have alert mechanisms that will send you a text or email when some event is triggered - a balance changes, a balance drops below a threshold you have selected, a deposit posts, an ach posts- among others. It’s a good practice to set these up, and...
by Chuck5781
Thu Dec 12, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Check Cashing Business
Replies: 40
Views: 2429

Re: Check Cashing Business

It's a predatory business. I wouldn't want to associate with the owner of such a business, let alone be one. It's the Mos Eisley spaceport of businesses: you will never find a more wretched hive of scum and villainy - still talking about the owners. Playing devils advocate here, but how exactly wou...
by Chuck5781
Thu Dec 12, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Check Cashing Business
Replies: 40
Views: 2429

Re: Check Cashing Business

I would be suspect that they will go the way of the video rental stores and travel agencies that used to be in almost every strip mall. The future of paper checks is not bright. They are being replaced by a number of person to person payment apps, online payments, and I think that most large employ...
by Chuck5781
Wed Dec 11, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How does billpay's ACH work?
Replies: 25
Views: 1546

Re: How does billpay's ACH work?

The payments go out sometimes as an actual check and sometimes as ACH, randomly with no set pattern. That doesn't sound right to me. The payments should go out the same way consistently. I understand what you are saying. Unfortunately, these are recurring but non identical payments - some month mor...
by Chuck5781
Wed Dec 11, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: How does billpay's ACH work?
Replies: 25
Views: 1546

Re: How does billpay's ACH work?

Method one: The bank gets the float Method two: You get the (minuscule) interest on the float. News flash: the “interest on the float” is minuscule on both sides - for the consumer and also the financial institution. The true value to the bank/credit union is the sticky-ness of bill payment service...
by Chuck5781
Fri Dec 06, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why I love banks
Replies: 79
Views: 10521

Re: Why I love banks

You can often see people on Reddit or other platforms blindly say credit unions are the best because they're not for profit, blah blah. So I am very interested. If you feel there is absolutely no comparison, then what advantages are offered by your bank? If you say safety deposit boxes, then well.....
by Chuck5781
Thu Dec 05, 2019 4:37 pm
Forum: Investing - Theory, News & General
Topic: I don’t think I am a good Boglehead
Replies: 80
Views: 6441

Re: I don’t think I am a good Boglehead

H-Town wrote: Thu Dec 05, 2019 2:37 pm
1130Super wrote: Thu Dec 05, 2019 10:29 am
I don't think all bogleheads are joyful to work until 60.[/color]

Based on most threads I read, I don’t think the word “joyful” is used very often to describe a boglehead.
by Chuck5781
Wed Dec 04, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why I love banks
Replies: 79
Views: 10521

Re: Why I love banks

Lemmeee guess, was the bank PNC? (Stands for P rofits, N ot C ustomercare These bank branch managers are like sharks, trained to sniff out fresh blood wherever they can. :greedy :greedy I use PNC for traditional banking services and I have always experienced excellent customer care from them. I wou...
by Chuck5781
Tue Dec 03, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: How Far Will Dow Fall During Next Retraction
Replies: 60
Views: 4717

Re: How Far Will Dow Fall During Next Retraction

WhiteMaxima wrote: Tue Dec 03, 2019 5:22 pm 20-40% drop depend how severe the economy slow down is. I would not 100% equity now and leave 20-40% in bond or cash (60/40 AA) and keep rebalancing.
Since you know the amount, could you also tell us the dates of the drop, the bottom, and full recovery?
by Chuck5781
Mon Dec 02, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Charity vs. Scrooge- how do you think of things?
Replies: 85
Views: 6027

Re: Charity vs. Scrooge- how do you think of things?

If you want to contribute selflessly to a comprehensive, demonstrably effective non-profit, set up solely for the benefit of society, that even gives you a vote in their management structure, pay your taxes without complaining about social programs. Ahh, that warm fuzzy little government. I will ke...
by Chuck5781
Mon Dec 02, 2019 7:17 am
Forum: Personal Investments
Topic: Evaluating privately held shares
Replies: 17
Views: 920

Re: Evaluating privately held shares

Based on what I observed about a privately held bank in a local community over a period of years I would encourage you to sell. The bank got its start-up capital from a small group of local investors, a number of them physicians. The largest investors were on the board of directors and knew the gro...
by Chuck5781
Sun Dec 01, 2019 10:20 pm
Forum: Personal Investments
Topic: Evaluating privately held shares
Replies: 17
Views: 920

Re: Evaluating privately held shares

As a general rule of thumb, 1.5x Book paid in cash would be a more than fair price for a minority interest in illiquid privately held bank stock. Given that, I would defer to all the comments here about the percent of your portfolio this represents, your risk tolerance, your need for liquidity, etc....
by Chuck5781
Sun Dec 01, 2019 4:01 pm
Forum: Personal Investments
Topic: Evaluating privately held shares
Replies: 17
Views: 920

Re: Evaluating privately held shares

To me, it depends. Without this inheritance, how do things stand? If these funds aren't needed to meet your retirement goals, and taking the dividends alone would be enough, then a 10% appreciation per year is quite nice. True , all of this. I have some myself and it’s hopefully going to my heirs. ...
by Chuck5781
Sun Dec 01, 2019 3:31 pm
Forum: Personal Investments
Topic: Evaluating privately held shares
Replies: 17
Views: 920

Re: Evaluating privately held shares

Not certain about this particular case, but bank stocks can be held in the bank directly, or in a bank holding company who in turn owns or controls the bank. It would be good to know the difference. Privately held banks are typically valued based on Tangible Book Value. You should ask the appropriat...
by Chuck5781
Sun Nov 24, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 371
Views: 41873

Re: Follow Up: Husband's Surprise Debts

Glad to learn your situation may get addressed, best of luck to you. The thread was one of the most thoughtful I’ve read. I would like to add, a fundamental issue all of us can learn from is an old accounting/management concept of “dual control”. That is, it is a good practice when involved with fin...
by Chuck5781
Mon Nov 11, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12641

Re: Saving seats on Southwest

Easy solution: don't fly Southwest. Spend a few dollars more and fly an airline that lets you pick your seats in advance. And don't buy "economy class" tickets. Buy main cabin so you can pick your seats in advance and don't have to deal with all that bs of fighting with psycho people in l...
by Chuck5781
Sun Nov 10, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12641

Re: Saving seats on Southwest

I don’t fly on Southwest, but when my wife and I fly together in coach, we generally book aisle seats (across the aisle from each other), as it’s more comfortable. Not clear to me why two passengers on Southwest can’t do the same. You’re not suggesting they made the other seats unavailable, are you...
by Chuck5781
Sun Nov 10, 2019 6:05 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12641

Re: Saving seats on Southwest

I fly Southwest frequently, as well as others occasionally, and find it to be the most efficient and best run airline available to me. Dependable, predictable, and inexpensive are all accurate in my experience. They make it easy to change flights, and I check bags without those nasty fees. I have se...
by Chuck5781
Sun Nov 03, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14526

Re: Apple Pay. Does anyone use it?

As to convenience, I think Apple Pay is superb. In fact I wish every person who is in line in front of me could simply tap their watch or phone and pay, and move along (out of my way). I cringe when I see someone fishing thru their massive handbag and pull out a checkbook. Or attempt to count curren...
by Chuck5781
Wed Oct 30, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14526

Re: Apple Pay. Does anyone use it?

I just returned (to the US) from the UK where I used it extensively. Very quick and efficient, I plan to use it whenever possible going forward. I am simply using my existing Visa, issued by Chase, no plans to obtain an Apple branded card. Saw many places where contactless was enabled - unattended p...
by Chuck5781
Fri Oct 04, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can you change the date interest is credited to a bank account?
Replies: 24
Views: 1652

Re: Can you change the date interest is credited to a bank account?

CDs typically pay interest in their Opening anniversary date - monthly, quarterly, etc. Savings accounts typically pay at the end of a calendar month , quarter, etc. Money market accounts typically pay when the statement is created - many times this can be changed to accommodate the customer. I’ve s...
by Chuck5781
Wed Sep 25, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need a business checking account for side hustle?
Replies: 6
Views: 478

Re: Do you need a business checking account for side hustle?

My advice would be to work backwards from what you expect to accomplish. How big are your goals? Ideally every business endeavor creates income over time, and also is attractive to someone else when you are ready to move on. Separating the business from your personal affairs will make it much easier...
by Chuck5781
Wed Sep 18, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: Best Leaf Blower?
Replies: 70
Views: 5300

Re: Best Leaf Blower?

I keep an electric blower in my golf cart. I use it to blow the leaves out of my line before I putt (Oct-Dec). Otherwise they aren't much good for anything other than a toy for a small child to "help Dad in the yard". If you have work that needs done, gasoline is the answer. I have an ele...
by Chuck5781
Mon Sep 16, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: Best Leaf Blower?
Replies: 70
Views: 5300

Re: Best Leaf Blower?

I own a landscape company. I'd suggest going to your local equipment dealer and grabbing the biggest Stihl backpack blower you can handle/afford. For $500 you'll have something that will last a lifetime.... I did precisely this two years ago and wish I had done it much sooner. My experience is that...
by Chuck5781
Tue Jul 30, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Rental a Vehicle for a long vacation
Replies: 34
Views: 1990

Re: Rental a Vehicle for a long vacation

[quote=RiskDude post_id=4669053 time=<a href="tel:1564462286">1564462286</a> user_id=139253] While I know our vehicles would be fine on such a trip I am considering a rental. I guess the main reason would be that dreaded breakdown in the middle of nowhere, In my experience dealing with a ...
by Chuck5781
Tue Jul 30, 2019 7:33 am
Forum: Personal Consumer Issues
Topic: Rental a Vehicle for a long vacation
Replies: 34
Views: 1990

Re: Rental a Vehicle for a long vacation

We are frequent users of this method - rent vehicles for long trips. My personal car is perfectly fine, but I enjoy the benefits of the rental organization to deal with any issues I encounter, virtually wherever I travel. We had an incident with a deer on on interstate highway, I contacted the renta...
by Chuck5781
Sat Jun 22, 2019 6:32 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 9237

Re: How do you approach tipping at carry-out restaurants

Deleted reported post quoted here -mighty72 Spot on. Personally I find tipping to be a very painless way to be generous to individuals who need a little boost. I always add a couple bucks to my Panera order, and I always tip generously on my carry out orders at sit down restaurants. Our kids worked...
by Chuck5781
Sat May 25, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 27
Views: 2980

Re: Will my checks work?

I have checks for a checking account that display an old address. Do I need to buy new ones for the checks to clear? The address doesn't matter. The only important pre-printed parts of a check are the routing number and account number at the bottom of the check in MICR. Are MICR numbers still magne...
by Chuck5781
Mon May 13, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Best business checking account for an independent contractor?
Replies: 2
Views: 516

Re: Best business checking account for an independent contractor?

A consideration might also be the opportunity to prepare for what your long term objectives may be. Under the philosophy of “make friends before you need them”, if you have plans that will require borrowing, for items such as real estate, an acquisition, equipment, etc., this may be an opportunity t...
by Chuck5781
Tue May 07, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Bandon, Oregon Golf
Replies: 10
Views: 1132

Re: Bandon, Oregon Golf

I stayed at the lodge, very convenient to walk downstairs to start the day with coffee and breakfast. Also, dinner there most nights simply because I was worn out and didn’t want to stray very far. Visited during the winter so the economics worked well. My favorite course was Old Mac, followed by Pa...
by Chuck5781
Sat Apr 27, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: 80% Boglehead / 20% “Crazy”?
Replies: 24
Views: 2552

Re: 80% Boglehead / 20% “Crazy”?

A very practical matter in this scenario is the ability to finance the purchase of commercial real estate. Most banks will require a personal guarantee, which places your net worth at risk for any deficit, should the venture fail. I can only assume financing could be obtained without a personal guar...
by Chuck5781
Sat Mar 30, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17972

Re: How often do you check your net worth?

This thread being quite long,I apologize if my comments have been previously made..... Business owners, entrepreneurs, etc., are routinely asked to provide their balance sheet/net worth statement when obtaining or renewing credit. It is not uncommon for a business to have annually renewable lines of...
by Chuck5781
Fri Mar 22, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: [Golf club] Driver for 18 handicap young senior.
Replies: 24
Views: 1066

Re: [Golf club] Driver for 18 handicap young senior.

Getting fitted, with flight data, is the way to go. My experience is that driver differences from year to year aren’t immense, but the compound effect of improvements over several years can make quite a difference in the performance of a club. If your driver, or set of clubs, is over 5-7 years old, ...
by Chuck5781
Wed Jan 09, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 8377

Re: Is buying a $700K first home crazy?

Economics appear solid, assuming likelihood of continued employment is positive. An aside, I personally like you referring to this purchase as a “home”, rather than a “house”. This is where you will live, enjoy one another, interact with your neighbors, relax, read, be entertained, host family and f...
by Chuck5781
Thu Oct 04, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 14133

Re: What purchase saved you the most money?

First, of course, is being married to my only wife for 40 years. Not really a purchase, but far more impactful than any other decision. Second, my most significant savings moment occurred when I realized what annual fees actually were, both charged by my investment advisor and also the mutual funds ...
by Chuck5781
Wed Aug 29, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 8104

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

Care for the sister must remain purpose #1. Some judgement may be required on your part, as the the suitability of the children in the event funds remain. Do they all need the money, does one need more than another, will one use it more wisely, will one simply turn it over to their irresponsible spo...
by Chuck5781
Tue Aug 14, 2018 3:58 pm
Forum: Personal Investments
Topic: Wife changing jobs 401k options
Replies: 9
Views: 852

Re: Wife changing jobs 401k options

One consideration may be administrative fees assessed within the plan by the new employer. In many plans, the participants are charged fees that pay for the overall administration of the plan, in addition to fees incurred within any selected investment (mutual fund). In one plan I’m very familiar wi...
by Chuck5781
Sun Aug 05, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 17997

Re: Will you pay for your kids' college/graduate education?

We did, yes.

Three Masters Degrees and a JD

Might be our proudest financial accomplishment.

Very blessed to be able to do it.