Search found 63 matches

by eldinerocheapo
Sat Jan 19, 2019 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16135

Re: Why are you NOT buying rental properties?

I owned a triplex years ago, and dealing with drunks, deadbeats and drug addicts really wears you down. These people know eviction laws better than the owners. Also, try fixing a toilet after the tenant left a huge load it in it, an you'll think twice about going into RE rentals. I did it once, and ...
by eldinerocheapo
Thu Jan 10, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: Ally-14 month Select CD at 2.85%
Replies: 25
Views: 6170

Re: Ally-14 month Select CD at 2.85%

I have staggered 1yr cd's with Ally coming up monthly and can tell you, these are not teaser rates. The interest rate has gone up consistently at renewal for the last few years, and their 5 year cd is now at 3%. When one cd comes up per year, I roll it into a 5 year so all the bases are covered from...
by eldinerocheapo
Sat Jan 05, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20289

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Unless you're permanently tied to S Fla, I'd sell out and leave, which is exactly what we did 30 years ago. Moved there after college and worked FT during the week and p/t nights and weekends and never seemed to get ahead. Relocated to Tampa Bay where the cost of living was much lower, and have been...
by eldinerocheapo
Sat Jan 05, 2019 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6148

Re: Delaying retirement just to help adult children

Sounds like your brother has done a good job with his kids, and a great job on his retirement finances. I'd tell him to retire when he's ready, if he asks. One of my siblings put my parents in early graves with his irresponsible ways and behavior, and no amount of money shoved his way made any diffe...
by eldinerocheapo
Fri Dec 28, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Why stay the course? Why not sell all?
Replies: 68
Views: 6824

Re: Why stay the course? Why not sell all?

Selling all your funds would be like selling your house. What are you going to replace it with? You need a roof over your head, same as you need a place to park your investments. Cd's, money markets, savings accounts are options, but over the long term will not yield the same results. How about gold...
by eldinerocheapo
Thu Aug 16, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 6268

Re: Terminating an employee with company car

I've seen this handled several different ways. The best I've seen is to notify the terminated employee that you'll pick up their vehicle along with any company property at their home at a specific time, then drive over with a co worker to witness the event. Once the inventory check list has been ins...
by eldinerocheapo
Mon Aug 13, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Making money last through retirement
Replies: 26
Views: 4750

Re: Making money last through retirement

You've received advice on the retirement savings side of your questions, so I'd like to opine on college savings for your Son. Many scholarships are out there and a few go unclaimed because students don't know they exist. Online searches and contacting the school of his choice should result in quite...
by eldinerocheapo
Mon Jul 16, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 82
Views: 4784

Re: Have you ever purchased a pricy musical instrument?

Purchased a Ovation Applause some 40 years ago while in college, for around $130. The use of D'Addario light strings made it sound incredible, but it fell apart despite being in AC while not in use. Replaced it with a Luna flat top for just over $300, and it sounds great.
by eldinerocheapo
Mon Jun 04, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 5427

Re: Best case to convert a Bogle skeptic?

My old man grew up during the depression and distrusted the stock market, mutual funds, etc. CD's were his only major investments and with 14% on 10 year cd's back in the early '80's, he was pretty happy (who could blame him?). I learned early on to leave well enough alone based on what he and my Mo...
by eldinerocheapo
Thu Mar 22, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 29041

Re: Anyone Deleting Facebook?

Dumped FB when one too many ex's emerged from Hell to contact me. Be gone.......you spawn of Satan!

:twisted: :twisted: :twisted:
by eldinerocheapo
Wed Mar 21, 2018 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a CD ladder
Replies: 45
Views: 9603

Re: Considering a CD ladder

For what it's worth, I began staggering cd's over a five year range with an annual cd taken out each month for the past year through Ally. My statements are beginning to get really long but the comfort level I'm feeling with increased APR's nearly every month, and then locking in over 2% on maturiti...
by eldinerocheapo
Thu Mar 01, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 11404

Re: How does one emotionally keep it together during market swings?

I like to tune out the noise, pundits, and the talking heads reading their daily tea leaves, and remind myself that the system we have in place has been very successful due to our consistency of investing, and that it's only one of several sources of investments we have. I firmly believe risk will b...
by eldinerocheapo
Wed Feb 28, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 17616

Re: How much cash do you keep at any time on checking?

from a min of $300 to a max of about $2k depending on the bills that need to be paid. We keep as little as possible since a check was stolen years ago and forged to the tune of $4k, even though BOA knew we didn't have that kind of money in the bank, and did not have overdraft protection. The check s...
by eldinerocheapo
Sat Feb 24, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 54
Views: 4990

Re: Ethics of selling a used car

I believe one of the hallmarks of a gentleman is not taking advantage of others or being taken advantage of. I prefer to trade in my cars for that very reason, and drive the hardest bargain I can with the dealer. I could not bear the thought of anyone being injured by my failure to disclose material...
by eldinerocheapo
Fri Feb 23, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 113
Views: 12439

Re: Florida in the summer

Moved to the Tampa Bay area 50 years ago from Virginia, and hated it at first. Played football and worked construction in the summers so we acclimated quickly to the heat & humidity. We play tennis several times each week and can choose from dozens of golf courses during the off season. With family,...
by eldinerocheapo
Tue Feb 13, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10995

Re: Job is starting to suck the life out of me.

I was in your shoes and made my move after 12 years of steady growth. The problem was butting heads with the 90 day wonder instant managers who couldn't do my job, but somehow got promoted to jobs they were unqualified for. I realized the company was doomed and left two years before they shut their ...
by eldinerocheapo
Sat Feb 10, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 4101

Re: Does Anyone Knows Anything?

The one person who brought the unknowable to me in an entertaining and informative style was Louis Rukeyser of Wall St. Week fame. He made the mystifying markets and uncertainty fascinating to me and he did it in a modest, non technical way. I devoured his newsletters that he sent out trying to get ...
by eldinerocheapo
Sat Feb 10, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Should you sell your investments when they start dropping? When should you invest during this market correction?
Replies: 52
Views: 5278

Re: Should you sell your investments when they start dropping? When should you invest during this market correction?

In ten years, my retirement fund has quadrupled. Nothing in 30 years of serious investing has provided this kind of return. I'm willing to live through the pullbacks that happen from time to time. I've even had to adjust and decrease 401k contributions to ramp up cash holdings to at least 10% of my ...
by eldinerocheapo
Thu Feb 08, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 99
Views: 11797

Re: How to deal with regret

I've second guessed every major purchase I've ever made for nearly 40 years, be it a house, a car, property, even new golf clubs. Over time, most purchases and investments proved themselves more than justified, and in the case of homes and retirement funds, profitable. Remember why you are doing thi...
by eldinerocheapo
Tue Feb 06, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep bonds in a balanced fund during raising interest rates?
Replies: 12
Views: 692

Re: Should I keep bonds in a balanced fund during raising interest rates?

Wellington is my core fund, (65/35) and given the wild gyrations in the equities market, you can make a case for the steady returns bonds offer, even though their price may suffer when interest rates go up. The quarterly dividends paid out are reinvested using those very same bond returns and also o...
by eldinerocheapo
Sat Feb 03, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 50725

Re: Today was a Really Bad Day

A really bad day is one where you or someone you love does not wake up. If you're reading this, you have the opportunity to change things, rebalance, buy, save, eat a bologna sandwich, or watch reruns of "Perry Mason". Personally, I trimmed the bougainvillea bushes and sipped Cuba Libra's with my wi...
by eldinerocheapo
Fri Feb 02, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 9633

Re: What advice would you give yourself if you were 27 again?

What advice would you give yourself if you were 27 again?

When you meet............
Julie
Pam
Donna
Pat
Melissa
Maureen
& Jean...............

Run!

:oops: :oops: :oops: :oops:
by eldinerocheapo
Fri Jan 19, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 42
Views: 3693

Re: Help Me Spend $900.00 Unused FSA Dollars

I was in the same boat a few years ago and scored a killer set of Oakley's at lenscrafters. After that, I hit Amazon to see what they had in medical supplies that was FSA approved. Stocked up and made sure every penny was spent. Felt like a kid in a candy store.
by eldinerocheapo
Thu Jan 18, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: All Weather Fund
Replies: 4
Views: 1037

Re: All Weather Fund

I read a finance magazine back in the '80's, Kiplingers I think, and VG Wellington was described as an "all weather fund" google it and you'll read as much. I've been with the fund over 30 years and can vouch for it being an unglamorous fund that consistently returns decent yields every year. I cons...
by eldinerocheapo
Thu Jan 18, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1893

Re: Job terminated. Convert small pension to lump sum or annuity?

Roll it into a traditional ira. I've done it..............twice. The returns in the market were far better than a static annuity.
by eldinerocheapo
Tue Jan 02, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 6401

Re: Social Security at age 62 perhaps?

Both my Dad and FIL took SS @ 62 and each had about 20 more years of life after that. Both said they wanted to travel and enjoy life before nature took it's course. Despite reasonable health, they went downhill quickly and both said they were glad they retired when they did, with no regrets. I'm 60 ...
by eldinerocheapo
Wed Dec 20, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: High Dividend yield funds
Replies: 9
Views: 1582

Re: High Dividend yield funds

What does the bogle head who is dialed in on retirment savings do with extra cash he has doing nothing in savings? I'm into staggered and tiered cd's. Ally just came out with a 2% 12 mo cd beginning at a very low entry point. I'm transferring $10k a month in hopes the rates will be higher at maturi...
by eldinerocheapo
Thu Oct 19, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Help me convince my folks to leave their advisor
Replies: 11
Views: 1758

Re: Help me convince my parents to leave their Edward Jones advisor

Not knowing your parents, I would have to ask, how astute and involved are they as investors? Are they prepared to take over the reins of their own investments and financial future? Many people need hand holding and want an outside opinion when choosing and maintaining a portfolio, not to mention ge...
by eldinerocheapo
Wed Oct 18, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Guidance
Replies: 9
Views: 1465

Re: Lump Sum Pension Guidance

Been there, done that. I had the same situation three years ago with about a quarter of your payout, and yes, it's a lot of money. Since I'd already been with VG for over 30 years, I called them and discussed the conversion and forwarded the info to my old company. The funds were transferred in abou...
by eldinerocheapo
Thu Aug 24, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Self insuring
Replies: 15
Views: 1118

Re: Self insuring

Can you personally and financially handle the potential exposure of hundreds of thousands in property damage, or a $1 million dollar liability judgement against you or your spouse? I have a million dollar umbrella policy above all my personal insurance to deal with just such an occurance and would e...
by eldinerocheapo
Mon Aug 14, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 14187

Re: Dave Ramsey spends two segments on his investing advice

Taking advice from a guy who filed bankruptcy is like taking sailing lessons from the captain of the Titanic. His "do as I say, not as I did" mantra drips with condescension and hypocrisy when speaking to the rubes who call in or drop by his station to scream out their "we're debt free" drivel. The ...
by eldinerocheapo
Mon Jul 24, 2017 2:20 pm
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 11028

Re: Anyone else extremely frugal?

Man, can I relate to this thread! My wife and I had little growing up in large families, so early on, we made every cent count. I can remember sneaking beer into the $1 cinema (yep, only a buck) back in the day. I still own jeans purchased 45 years ago in high school, and wear hush puppies bought in...
by eldinerocheapo
Wed May 03, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: Buying a "share" of a house
Replies: 47
Views: 4299

Re: Buying a "share" of a house

Both my parents are gone now, and if they asked me for the moon, I would've given it to them. As it was, they were too proud to ask anybody for anything, and being products of the depression in the 30's, they were self reliant and independent to the very end. If your parents are like this, I'd ask t...
by eldinerocheapo
Wed May 03, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 6362

Re: Banking in Marriage

Had a joint checking acct with "mrs. dinero cheapo" since our early twenties (when we had a whole buttload of nothing), then began transitioning the excess to a joint MM fund for emergency savings, and then finally began funding Roth IRA's from it. We've used checking soley to meet fixed obligations...
by eldinerocheapo
Wed Apr 26, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 53
Views: 6344

Re: Looking For Advice - Move NY -> Tampa?

Imagine being able to jog, fish, golf, and play tennis and enjoy the great outdoors nearly every day of the year. We do, and cold fronts mean virtually nothing to us. Given the lifestyle we enjoy here, the $20k difference is negligible considering the improved quality of life you will enjoy once you...
by eldinerocheapo
Fri Apr 21, 2017 5:37 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 15258

Re: You can never go "home" - retirement

My family moved to Fla almost 50 years ago from Va Beach. At first, I hated the idea of moving here and swore I'd move back when I was old enough. Fast forward to 2013 when my wife and I visited the old neighborhood and shot some video. It dawned on me that all the friends, family and neighbors that...
by eldinerocheapo
Tue Apr 18, 2017 2:07 pm
Forum: Personal Consumer Issues
Topic: Budget multitool knife
Replies: 28
Views: 4100

Re: Budget multitool knife

two words..............e bay. You'll get a top of the line Leatherman at a fraction of the retail price.
by eldinerocheapo
Tue Apr 18, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 8952

Re: How to make best use of lunch with the company president/CEO?

Having been in the corporate world for many decades, and rubbed elbows with the brass, my take is as follows......... Do not offer disingenuous praise or compliments. You will be labeled a bootlicker, a suck up, and a glad hander by all present. Most of the clowns that I've seen pull this stunt, are...
by eldinerocheapo
Tue Apr 18, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 3475

Re: Week in San Diego - What to do?

We were there years ago and along with many of the places listed, we hit the Old Town that was full of Mexican restaurants and shops. One was called the Bandini Café that had the largest Margarita glasses I've ever seen, over 20oz for sure. The food and atmosphere were excellent, and I'd go back in ...
by eldinerocheapo
Tue Apr 18, 2017 12:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 444
Views: 52330

Re: Your USER NAME...what does it mean?

I love Mexican food, much to my wife's regret at about 3am (if you know what I mean), and I speak very poor Spanish. So, that combined with a naturally frugal and conservative investment outlook..........ta da........"eldinerocheapo" rides again!

Ole' !!!!!!!
by eldinerocheapo
Thu Mar 30, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 29128

Re: What was your costliest investment mistake?

Been with VG wellington for about 34 years now via 401k's and roth iras, and haven't deviated too much from it. But......... in my early twenties and just out of school................ I had the choice of investing in Air Florida or Chrysler stock. Guess which one I pulled the trigger on? Yep, AF @ ...
by eldinerocheapo
Wed Mar 29, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 16494

Re: When do you plan to die?

Personally, I plan to run out of money and breath at the same time. That could be 15 years from now or 25. Men in my family die early, and a very realistic range is between the ages of 75 and 85. Nobody in my family has lived that long and it has dawned on me that my bucket list is not even half fin...
by eldinerocheapo
Tue Mar 28, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 7549

Re: Daughter maxed out credit cards, needs help from me

I'm the father of two daughters and have dealt with comparable issues on a much smaller scale. Some background from you would help........ How was your daughter with money growing up? Did she hold jobs down in high school, and did she save then? Have you bailed her out before? Is her BF aware of the...
by eldinerocheapo
Tue Mar 28, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: 200K+ Cash- Where to put it?
Replies: 13
Views: 2670

Re: 200K+ Cash- Where to put it?

It doesn't at the moment. I had a few well over the MM % rate that paid quite nicely at the time that could've been cashed in with no penalty. It really depends on the time frame and if those funds are earmarked for other expenses.
by eldinerocheapo
Tue Mar 28, 2017 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: 200K+ Cash- Where to put it?
Replies: 13
Views: 2670

Re: 200K+ Cash- Where to put it?

Just checked their site, it's there under products and rates and you need to cursor down to find it.

They offer a .87% rate on a 11 month cd.
by eldinerocheapo
Tue Mar 28, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: Personal experience over time? [How far from retirement, time spent investing]
Replies: 31
Views: 4223

Re: Personal experience over time? [How far from retirement, time spent investing]

Three years from retirement and invested with VG since the mid '80's through p/r deduction 401k and Roth IRA. This is passive investing with no tinkering or market timing no matter how bad things get, and yes, there have been several large and painful crashes. I've been consistent through the years ...
by eldinerocheapo
Tue Mar 28, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 9005

Re: Weathering sell-off days like today

Some years ago, a Wall Street Guru whose name escapes me wrote............. "Take your salary, invest 10%, give away 10% and spend the rest" as a solution for living a happy and wealthy life. This philosophy has served us well and personally, I save 20%, give away about 7% and my wife makes D@#m sur...
by eldinerocheapo
Tue Mar 28, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: 200K+ Cash- Where to put it?
Replies: 13
Views: 2670

Re: 200K+ Cash- Where to put it?

I'd consider FDIC insured CD's with staggered maturities of 6 mos' through 2 years depending on your major purchase horizon of buying another home. I'm currently moving a comparable amount out of VG MM into Ally CD's with maturities over a five year span. Several of them are no penalty CD's meaning,...
by eldinerocheapo
Tue Mar 28, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 111
Views: 15842

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

A few years ago, some kid from EJ knocked on my door, and since I like to talk shop, I invited him in. Before he got a change to go into his sales pitch, I advised him of my returns of 30+ years of investing without mentioning $ amounts. I then asked him what he could do for me that I haven't alread...
by eldinerocheapo
Thu Mar 16, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4060
Views: 1103149

Re: What Movie Have You Recently Watched?

We tape movies on DVR late at night since neither of us can stay awake past 11pm these days. Well, we taped one called "Walk of Shame" with Elizabeth Banks, and it was hysterically funny. We roared with laughter throughout the movie and were amazed it didn't get the same box office clout that Adam S...