Search found 311 matches

by bighatnohorse
Wed Sep 16, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: what do others pay for umbrella insurance, and is it needed?
Replies: 58
Views: 4482

Re: what do others pay for umbrella insurance, and is it needed?

$2 Million at $340/year with State Farm
Home, autos, rentals, camper.
Original cost was around $200 something about ten years ago.
Only one claim for totalling a camper at $18K about seven years go.
by bighatnohorse
Sun Sep 13, 2020 5:40 pm
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 76
Views: 11455

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

Kenkat wrote: Fri Sep 04, 2020 2:16 pm It’s 0.8, not 0.08. So it ends up being about $8 per thousand per year.
I can make that in a month just by switching brands of beer. :beer
by bighatnohorse
Wed Sep 09, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: Repair plasma television or get new TV?
Replies: 71
Views: 4219

Re: Repair plasma television or get new TV?

Buy a new one.
Fix the old TV and retire it to the garage or elsewhere.

Old TV draws 700+ watts
New ones just a trickle plus have "smart" capabilities.
Enjoy.
by bighatnohorse
Tue Sep 08, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: Well, it's October again - time to take profits?
Replies: 46
Views: 4521

Well, it's October again - time to take profits?

I have a lot of thoughts and questions about the investment implications of October. Am I right in thinking that investors begin taking profits before the year end? How does the October market typically react in an election year, such as this one, when political parties and tax laws might change? Wi...
by bighatnohorse
Sun Sep 06, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13891

Re: Rice & Beans [limiting food expenses]

Wife and I have saved thousands of dollars (and invested them) by not eating out.
We make such great food now that restaurant food had better be top notch to meet our expectations.
by bighatnohorse
Fri Sep 04, 2020 6:48 pm
Forum: Personal Consumer Issues
Topic: How to revive a dead deep cycle battery?
Replies: 20
Views: 1305

Re: How to revive a dead deep cycle battery?

It's dead and it won't come back no matter what you try. In fact, it probably has a defective cell - in which case it may be possible to cause a battery explosion if you attempt to over charge it - caused by excessive gassing and possible internal short. Get rid of it and don't try any suggestions t...
by bighatnohorse
Thu Sep 03, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Boglehead diversification
Replies: 34
Views: 2227

Re: Boglehead diversification

Boglehead investing is big on diversification. So why is it that other classes of assets besides equities and bonds are not part of that mix? By other classes, I mean refits, gold funds etc Boglehead investing is a very narrow window of diversification - but it has a great deal of depth. To your qu...
by bighatnohorse
Sat Aug 29, 2020 11:45 pm
Forum: Personal Consumer Issues
Topic: Lead paint and house offer accepted
Replies: 47
Views: 3469

Re: Lead paint and house offer accepted

It does not take much lead . . .micrograms. . . Participants who were found to carry more than 10 micrograms of lead per deciliter of blood at age 11 had IQs at age 38 that were, on average, 4.25 points lower than their less lead-exposed peers. They were also found to have lost IQ points relative to...
by bighatnohorse
Sat Aug 29, 2020 9:20 am
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 566
Views: 22621

Re: Bird watchers – what birds are you seeing?

Bald eagles and Osprey - pretty high up and calling.
by bighatnohorse
Sat Aug 29, 2020 9:19 am
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 278
Views: 23986

Re: Oddly Difficult to Find Items During the Pandemic

Our local bike shop is almost out of bikes. Their usual inventory of 60 to 70 bikes is now about 6 or 7 bikes. The worker said that whole families have come in to buy bikes and clean them out - same for competing bike shops - none can get inventory. As I drove by our local kayak shop, only two kayak...
by bighatnohorse
Fri Aug 28, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: Remove a slide-in gas stove
Replies: 18
Views: 1173

Re: Remove a slide-in gas stove

Your photo looks as if no grout was used - that would be a good thing. However, they should have at least used some caulking. Also, inspect carefully to see how the top is fastened to the base. You'll want to unscrew whatever fasteners (screws?) that were used before doing much of anything more. Try...
by bighatnohorse
Mon Aug 24, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?
Replies: 94
Views: 7793

Re: New Job Offer - $100,000 Raise - Would I Be a Fool to Not Accept?

How will you feel at age 50 when you look back? Will you wish you'd taken the higher pay? Will you be able to cover all your bills including healthcare and LTC if you decide you want to quit it all? Personally, I feel that during one's 40's that one should be playing at the peak of their game. Go fo...
by bighatnohorse
Sat Aug 22, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Thoughts on sewage lift station in new home?
Replies: 37
Views: 2728

Re: Thoughts on sewage lift station in new home?

Properly installed the system works.
Horror stories result from neglect and indifference.

You will have to know and understand the system that is installed.
That would include how to keep it powered during a potential outage.
Do your own routine inspections.
by bighatnohorse
Fri Aug 21, 2020 2:50 pm
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5851

Re: Real estate continues to soar (great for landlords)

I happened on this listing this morning and it's seemingly unbelievable: $857,509. I don't see how this could be good for anyone except for an immediate seller. You? https://photos.zillowstatic.com/cc_ft_576/IS9xb488gn2yfi0000000000.webp Listing: https://www.zillow.com/homedetails/2616-E-Montlake-Pl...
by bighatnohorse
Wed Aug 19, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: They Stayed The Course
Replies: 24
Views: 4051

Re: They Stayed The Course

Don't most people just set their 401k and forget it for the course of their employment? This is not at all surprising to me. I would expect that most people wouldn't change their behavior based primarily on inertia. Your question is probably right. Others may simply be too far overweight in stocks ...
by bighatnohorse
Wed Aug 19, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: How to evaluate risk of prospective tenants?
Replies: 38
Views: 2317

Re: How to evaluate risk of prospective tenants?

Is credit score and income sufficient to evaluate a prospective tenant? Maybe. . .but I would need to see their rental history and talk with former landlords. And criminal background check is also needed. The property manager should be doing all that for you. Zillow Rental Manager might be somethin...
by bighatnohorse
Tue Aug 18, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: Thinking of moving Seattle or Vancouver, WA
Replies: 88
Views: 6106

Re: Thinking of moving Seattle or Vancouver, WA

That's quite a change and you don't give much to go on other than one can assume that you're and "outdoor" type person. I might suggest Port Townsend or Sequim for you. Downtown Seattle is a nice ferry ride from Port Orchard and major shopping area are an easy drive from there. Sequim has all the sh...
by bighatnohorse
Sun Aug 16, 2020 10:39 pm
Forum: Investing - Theory, News & General
Topic: What is the big deal with RobinHood accounts???
Replies: 75
Views: 7865

Re: What is the big deal with RobinHood accounts???

I'll probably get one just to try it out. . . after reading today's issue of Barron's : Quote: Of the roughly six million online trading accounts opened in the first six months of the year, at least three million were at Robinhood. In June, the privately held start-up processed 4.3 million transacti...
by bighatnohorse
Sun Aug 16, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much house to buy in Seattle?
Replies: 30
Views: 3055

Re: How much house to buy in Seattle?

If you are renting now, think about keeping your powder dry and waiting for a down cycle. Agreed. I was just thinking back on the fact that I'm so glad that we did not buy in Seattle. It used to be nice but now it's a congested mess and no plans to improve. Plus the City Council is deplorable. Seat...
by bighatnohorse
Sat Aug 15, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 8923

Re: Retiring this Friday. Now what?

One word: meetup.com
Unless you live in the middle of a Nebraska cornfield, this will provide you with unlimited opportunities.
by bighatnohorse
Sat Aug 15, 2020 9:28 am
Forum: Personal Investments
Topic: financial advisors
Replies: 8
Views: 820

Re: financial advisors

Good for you! Ameriprise took over my former advisor's business - and then they tried to sell me their plan. Two different salesmen (at two different times) attempted to close me with a plan that would pay them $1500 per year. The Ameriprise details: they present you with a sales pitch and then a tw...
by bighatnohorse
Sat Aug 15, 2020 9:19 am
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2804

Re: Index annuity

Firstly, the original poster should post a link to the prospectus before drinking the local coolaid.
So far, it's just been a lot of hot air without any knowledge of the exact product being questioned.
by bighatnohorse
Fri Aug 14, 2020 7:09 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2804

Re: Index annuity

They are considered fixed bc typically there is a small guarantee like zero or 1% gain. This gives it the insurance “definition” of fixed. Again everything is smoke and mirrors with the truth being the insurance company invests almost all of the money in bonds and treasuries and invests a small per...
by bighatnohorse
Fri Aug 14, 2020 6:58 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2804

Re: Index annuity

Lots of misinformation here. First, it's illegal for any insurance salesman to claim government protection for annuity products as part of their sales pitch. Secondly, as has already been pointed out, this person apparently doesn't understand the difference between an Indexed Annuity and a Variable...
by bighatnohorse
Fri Aug 14, 2020 3:19 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2804

Re: Index annuity

There's a very high level of negativity here. I disagree with practically everyone - my experience with one variable indexed annuity has been outstanding. (and second one not so wonderful) Firstly, lets start with "government" insured pitch. Each state has their own requirements for an annuity to be...
by bighatnohorse
Wed Aug 12, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tree section fell on my neighbor's property...who is liable
Replies: 56
Views: 5852

Re: Tree section fell on my neighbor's property...who is liable

Tree branches that extend over my property from an adjacent property can be legally removed by me.
This is true in all communities to my knowledge.

You have no right to go onto the condo property.
The condo property has the right to cut the limb - they didn't.
It's their responsibility.
by bighatnohorse
Mon Aug 10, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Rentals for retirement income. Worth it?
Replies: 61
Views: 5427

Re: Buying Rentals for retirement income. Worth it?

Yes, yes and yes.
I've had rentals for 20+ years and while the equity markets bounce around the rental cash flow has always been constant.
Zillow now provides more tools for landlords that make life even easier.
If you don't want that cash flow, I know who does. :happy
by bighatnohorse
Sun Aug 09, 2020 5:23 pm
Forum: Personal Investments
Topic: Cash Injection into 3 Fund Portfolio
Replies: 20
Views: 1699

Re: Cash Injection into 3 Fund Portfolio

I would allocate to a Target Retirement fund and let the trained fund investors do it for you. This will offer you some comparison to your current allocation and provide some diversification. And I would not wait. And, given your taxable income I would take a look at taxfoundation.org for their take...
by bighatnohorse
Sat Aug 08, 2020 7:23 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15124

Re: Think no one can beat the index?

.
AMERICAN FUNDS : I posted this graph nearly four years ago from my annuity fund - invested mostly in American Funds.
Today's amount is almost $300K
American Fund has done well for me - it's crushed the index.
From 2016/17
Image
by bighatnohorse
Fri Aug 07, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39262

Re: The axe falls and I am prepared. What's next?

An extreme health issue can come out of the blue - and healthcare insurance is the only thing that stands between you and the financial abyss.
Whatever you choose, make sure it includes healthcare insurance - and have a backup plan for it.
by bighatnohorse
Wed Aug 05, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21418

Re: Anyone else hoarding cash right now?

Sort of. . .holding cash. . .I planned travel to Africa this year - but now can't go due to the vid. Retirement mailbox money comes in monthly, we have no debts, live frugally We don't need more equities or bonds. In the event of societal collapse the most important thing will be my neighbors - and ...
by bighatnohorse
Tue Aug 04, 2020 3:20 pm
Forum: Personal Consumer Issues
Topic: Average gas mileage- how accurate?
Replies: 35
Views: 1747

Re: Average gas mileage- how accurate?

I've known many people that have done the pencil/paper tracking and they claim that the vehicle auto-mileage reading is always faulty. What's important about the lie-o-meter reading is it's consistency. Even if it is not accurate - it can change if there is a problem with the engine - like a faulty ...
by bighatnohorse
Tue Aug 04, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Rental property investing and #'s explained (why real estate can be a great investment)
Replies: 138
Views: 8975

Re: Rental property investing and #'s explained (why real estate can be a great investment)

simplesimon wrote: Mon Aug 03, 2020 7:37 pm I calculate a ~7% cap rate, which is pretty good. The trick is to find that kind of property...I haven't seen that around where I live.
Yes - very hard to find - almost impossible.
by bighatnohorse
Mon Aug 03, 2020 7:04 pm
Forum: Personal Consumer Issues
Topic: What Car Maintenance Do You Do?
Replies: 162
Views: 8202

Re: What Car Maintenance Do You Do?

The dual rear wheels are too big for the car wash, so I wash it at home. It's faster, provides some exercise and no damage to the vehicle.
by bighatnohorse
Sun Aug 02, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 9195

Re: Are Financial Advisors a Complete and Total Waste of Money?

I know someone who's made a fortune during her/his lifetime and squandered it.
Finally, at about age 67 - they got a financial advisor and are now saving to retire - even though they are upside down on their primary mortgage and out of work.
They needed an FA many years ago.
by bighatnohorse
Fri Jul 31, 2020 10:07 pm
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 222
Views: 11396

Re: Does a couple really "need" an SUV?

I would love to NOT drive an SUV. But we use it continually for hauling and towing it during our travels. Ideally, most everything can be accomplished with a good set of roof racks and a small utility trailer - which is exactly what I would have if my situation was different. Roof racks and a traile...
by bighatnohorse
Fri Jul 31, 2020 7:04 pm
Forum: Personal Consumer Issues
Topic: Land in Dahlonega, Georgia
Replies: 29
Views: 2175

Re: Land in Dahlonega, Georgia

If you buy land on which to build, the local authorities consider you a developer. Developers are often viewed as criminals and destroyers of the land. Things could change in the next decade. That said, if you buy land, get the permits and start the building process. Things can change and rules and ...
by bighatnohorse
Fri Jul 31, 2020 9:00 am
Forum: Personal Consumer Issues
Topic: Buying a new car using Costco
Replies: 42
Views: 4447

Re: Buying a new car using Costco

Yes. I've purchased two expensive diesel trucks through Costco. One of them I ordered to my specs from the factory. Caveat: When you get the dealer and the contact at the dealer - make absolutely sure that you reach the salesperson who IS the Costco contact at that dealer. I found that if you walk ...
by bighatnohorse
Thu Jul 30, 2020 10:51 pm
Forum: Personal Consumer Issues
Topic: Buying a new car using Costco
Replies: 42
Views: 4447

Re: Buying a new car using Costco

Yes. I've purchased two expensive diesel trucks through Costco. One of them I ordered to my specs from the factory. Caveat: When you get the dealer and the contact at the dealer - make absolutely sure that you reach the salesperson who IS the Costco contact at that dealer. I found that if you walk i...
by bighatnohorse
Thu Jul 30, 2020 7:21 pm
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 26
Views: 1756

Re: more rentals or etfs?

Diversify - it's always a safe bet if your assets are sufficient.
However, if you find that real estate is your forte, then keep at it but don't neglect other opportunities.
by bighatnohorse
Wed Jul 29, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?
Replies: 43
Views: 2640

Re: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?

Gold as an "investment" is not great. Gold is more of an insurance - if needed, you can't have enough. And if not needed, you've got too much. If you held gold coins in Vietnam during the American War (as they call it) the coins would have been your passage out. So yes, hold if you got it. Buy only ...
by bighatnohorse
Tue Jul 28, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?
Replies: 43
Views: 2640

Re: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?

I thought about it but it's run up too fast recently which indicates "fear" in the market.
The last time I bought bullion was when the first Gulf War started ($800/oz) and I've held it - I'm not buying or selling - just hold.

BTW - anyone who buys 1/10 oz gold coins is a "prepper". :(
by bighatnohorse
Mon Jul 27, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 65
Views: 4297

Re: IRS refund delay

Got it! Filed electronically prior to April 15 and after a long "processing" period got it last week (July 15 approximately). And it included interest. but you got the acknowledgement much earlier, right? I efiled in June and got the ack within 10 minutes. I always owe so it didn't affect the money...
by bighatnohorse
Mon Jul 27, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 65
Views: 4297

Re: IRS refund delay

Got it!
Filed electronically prior to April 15 and after a long "processing" period got it last week (July 15 approximately).
And it included interest.
by bighatnohorse
Sun Jul 26, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Advice from retirees: do you need a project or do you 'play it by ear'?
Replies: 36
Views: 2365

Re: Advice from retirees: do you need a project or do you 'play it by ear'?

"I'm working on some personal projects right now, but I can do that for you next". . . . week, month, year, etc.
You don't have to say "no". . .simply postpone. It can be effective. Most managers use that ploy.
by bighatnohorse
Tue Jul 21, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Can I reject a rental application for too many people on the lease?
Replies: 39
Views: 3648

Re: Can I reject a rental application for too many people on the lease?

You set the standards. 1) credit score 2) background check 3) employment history
All three have to pass the standards - so that any "one" could be held responsible for paying the lease.
Zillow offers a landlord service that will handle 99 percent of those chores for you.
by bighatnohorse
Sun Jul 19, 2020 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney? Spouse too Busy.
Replies: 35
Views: 3039

Re: Power of Attorney? Spouse too Busy.

Vanguard has a "Full Agent Authorization" form which allows spouses actionable access to each other's accounts.
by bighatnohorse
Sat Jul 18, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: Retirees: How you spend your time?
Replies: 63
Views: 7398

Re: Retirees: How you spend your time?

It's hard to transition from self-employed worker-bee to retiree. My advice is pick a date at which you will "pull the plug" - cancel the phone, fax and email. Otherwise customers will track you down, even years later - especially if you've been in business a long time and have a good track record. ...
by bighatnohorse
Sat Jul 18, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15169

Re: Retirees, share your epiphanies..

I guess my first epiphany was that I had tomorrow off. And the day after that, and the day after that. . .
And each day I remind myself that I have the day off.
by bighatnohorse
Thu Jul 16, 2020 8:04 pm
Forum: Investing - Theory, News & General
Topic: Paid off home with 30 year marginal rates approaching 2%
Replies: 38
Views: 4063

Re: Paid off home with 30 year marginal rates approaching 2%

Logic versus feelings - it's a lovely game. Personally, my thoughts on acquiring debt is to only do that when one can leverage the return. A business might need equipment that will make it more money - debt is worth it. A home that is affordable but desirable - maybe debt is good - but looking at th...