Search found 967 matches

by Wakefield1
Sat May 25, 2019 5:16 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 27
Views: 1646

Re: Rethinking Individual Stocks

At the present time,if you buy mutual fund shares from such as Vanguard or T. Rowe Price,does the fund company make it easier for you to keep track of the "basis" (as defined by IRS) than if you buy individual stock shares? BGG not looking so good around the gills? In more ways than just the stock p...
by Wakefield1
Sun May 19, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3063

Re: Synthetic oil or not for very low mileage auto?

Synthetic oil (or higher quality conventional oil labeled as synthetic) is said to offer more protection from deposits of varnish like matter on interior engine surfaces,which could be a plus for engines with extremely small passages for metering oil pressure to hydraulic limited angle motors used t...
by Wakefield1
Sun May 19, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3063

Re: Synthetic oil or not for very low mileage auto?

I'll be the voice of dissent. Stick with conventional. Old seals shrink. I presume this is due to age, not mileage. We're not talking tires here. In my experience, putting synthetic in old vehicles causes leaks. Not a big deal, if you don't care about your garage floor. If you do, stick with conven...
by Wakefield1
Fri May 17, 2019 1:37 pm
Forum: Personal Investments
Topic: Delete
Replies: 18
Views: 3675

Re: 30 years old, What should I do with all this cash?

If the O.P. is going to put the cash into a taxable account (not retirement tax-deferred or Roth) should he consider using a Federal tax-exempt bond fund?
by Wakefield1
Thu May 09, 2019 10:20 pm
Forum: Personal Consumer Issues
Topic: Tired of a reel mower
Replies: 42
Views: 3769

Re: Tired of a reel mower

No one makes a powered reel mower anymore? Those used to be the elite. All were self propelled as far as I know.
by Wakefield1
Thu May 09, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 41
Views: 2962

Re: Good town to stop on I-81

rgs92 wrote:
Thu May 09, 2019 11:27 am
Is there a lot of traffic (or heavy truck traffic) along this route (vs. I-95, say)? Thank you.
The trucks run all night!
But they usually keep going right along except when they pull into or out of the stops.
State Police used to lurk during the 55 MPH era.
by Wakefield1
Thu May 09, 2019 8:25 pm
Forum: Personal Investments
Topic: Turning 65 (And I really think I'd like to retire some day)
Replies: 14
Views: 2308

Re: Turning 65 (And I really think I'd like to retire some day)

Running the numbers suggests that in one year, I might have the bare minimum needed to retire, though the thought of having only the "bare minimum" ...I don't find that exactly comforting. I suppose that means work more years... trim the budget some if possible... it's an internal wrestle now with ...
by Wakefield1
Thu May 09, 2019 7:50 pm
Forum: Personal Investments
Topic: Dividends are reinvested but I end up paying taxes out of pocket at tax time.
Replies: 12
Views: 1958

Re: Dividends are reinvested but I end up paying taxes out of pocket at tax time.

Yes,so much extra tax withholding to cover the dividend tax liability that not so much pension is left over monthly. :-( I suppose you could have tax withheld from the dividend payment itself depending on the brokerage or account(containing whatever security or money market) producing the dividend,b...
by Wakefield1
Thu May 09, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 147
Views: 11453

Re: Crypto bulls are back. Are you getting in?

Yet another major theft of bitcoin. https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin?srnd=premium And bitcoin is supposed to be a great store of wealth. the analogy here is that this is like a bank robbery where customer accounts are n...
by Wakefield1
Tue May 07, 2019 2:34 pm
Forum: Personal Investments
Topic: Voya financial - Why would anyone use them?
Replies: 40
Views: 3854

Re: Voya financial - WHY WOULD ANYONE USE THEM?

Voya, formerly part of ING, correct? The 'orange money' thing is so confusing, I don't understand what it means and the commercials are strange (and not even funny) My past experience w/ Voya was many of the funds offered (workplace plan) had no ticker symbols so you couldn't look up information on...
by Wakefield1
Sun May 05, 2019 11:06 pm
Forum: Personal Investments
Topic: Vanguard, Fidelity and cybercriminals
Replies: 13
Views: 2294

Re: Vanguard, Fidelity and cybercriminals

I would suspect that Vanguard has some internal computer systems that are not exposed to the public Internet. And not running Windows. Although if a criminal got physical access to one of these or the interior network they communicate on they could do havoc including planting crimeware. wonder what ...
by Wakefield1
Sat May 04, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 7578

Re: Wouldn't this make Traditional IRA far superior to Roth?

Roth is far better than non Roth as far as I am concerned. Wish Roth had been offered earlier during my working life.
Top tax brackets tend to be higher not lower during retirement. If you have saved a lot.
Roth and common IRAs only allowed $2000. contribution per year for a long time.
by Wakefield1
Fri May 03, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: Estimating the rate of return on Social Security
Replies: 34
Views: 2520

Re: Estimating the rate of return on Social Security

40 years ago, $50,000 per year was very good money to be making. :D
by Wakefield1
Tue Apr 30, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 321
Views: 38525

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I just hope that the poor Venezuelans don't end up on the wrong side of the Bitcoin whipsaw (losing their investment having bought Bitcoins) to others selling their earlier bought Bitcoins for a profit.
by Wakefield1
Tue Apr 30, 2019 1:11 am
Forum: Personal Investments
Topic: Dividends: do you like cash or reinvestment?
Replies: 19
Views: 1927

Re: Dividends: do you like cash or reinvestment?

Here's the question: given these circumstances, would you continue to reinvest in a position like this or start taking the dividends in cash, especially given that they only "cost" 15% in tax? You will pay tax on the dividends whether you re-invest the money or use it for any other purpose. If I ha...
by Wakefield1
Sat Apr 27, 2019 1:31 pm
Forum: Personal Investments
Topic: Money Missing from my Vanguard account?
Replies: 46
Views: 8183

Re: Money Missing from my Vanguard account?

My Balances and Holdings and Summary are usually different for several hours (about three) in the evening. Also there is always money “missing” from my Portfolio Watch until the next day. Check in the morning. I think their website updates different securities and different parts of their website a...
by Wakefield1
Fri Apr 26, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Received money from Wells Fargo.
Replies: 33
Views: 3483

Re: Received money from Wells Fargo.

They need to raise their interest rates if they want to show that their customers are appreciated and that they are turning over a new leaf. In other words treat the customer right or allow a "holiday" of forgiving the penalties on removing deposits before the 'grace period" that are getting minuscu...
by Wakefield1
Fri Apr 26, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Dash cam without wires
Replies: 9
Views: 895

Re: Dash cam without wires

I believe that we will see more dash cams on the road as time goes by,perhaps as the motoring public gets the knowledge that everyone is likely to be on camera people will think twice about doing some of the shenanigans that are so common such as turning right from the left lane,using the shoulder t...
by Wakefield1
Thu Apr 25, 2019 7:12 pm
Forum: Personal Investments
Topic: Does this retire-and-build-a-house plan make sense?
Replies: 17
Views: 2401

Re: Does this retire-and-build-a-house plan make sense?

I think 300 K can buy a very good house in parts of Texas. Probably need to consider flood insurance. Like another respondent said,a house can be more or less friendly to handicapped,older or infirm people,depending on whether it is mostly on one level without stairs,has ground level walk in or can ...
by Wakefield1
Wed Apr 24, 2019 1:02 pm
Forum: Personal Investments
Topic: waiting for over 1 year to buy Norfolk Southern!
Replies: 30
Views: 2473

Re: waiting for over 1 year to buy Norfolk Southern!

While it went from 78. to 200. how much did the index fund return? [counting distributions,not just looking at share price] One of the predecessor railroads (The Southern) did indeed to seem friendlier than the other railroad in town (Charlottesville) some years ago and I think the Southern used to ...
by Wakefield1
Tue Apr 23, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 9487

Re: Housing: "Super Savers" vs. the "Rest"...

What makes the houses so large I think is the very high ceilings and extra space between stories (extra sound deadening?) so large volume,not just large floor area I would hope that the heating and a/c is zoned so that it can be restricted to only the parts of the house that are occupied,otherwise I...
by Wakefield1
Tue Apr 23, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 9487

Re: Housing: "Super Savers" vs. the "Rest"...

Remember the giant 1959(?) Cadillacs? The new giant houses around here (Arlington VA) make those Cadillacs look like small kiddie pedal cars. Mostly small families or even two income,no kids in those ridiculous grotesque giant houses. I must admit,however,when the real estate man let me tour one of...
by Wakefield1
Tue Apr 23, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 9487

Re: Housing: "Super Savers" vs. the "Rest"...

Remember the giant 1959(?) Cadillacs? The new giant houses around here (Arlington VA) make those Cadillacs look like small kiddie pedal cars. Mostly small families or even two income,no kids in those ridiculous grotesque giant houses. I must admit,however,when the real estate man let me tour one of ...
by Wakefield1
Wed Apr 17, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 7941

Re: I’m a Loser Stuck in a Dead End Job

A dead end job,if it puts roof overhead and food on a table and allows something left over for saving,is much better than no job. Remember that (as I understand it) most new businesses don't work out. Assuming that the job is likely to continue. Benefits,health insurance? I think the vast majority o...
by Wakefield1
Sat Apr 13, 2019 4:54 pm
Forum: Personal Investments
Topic: First post.
Replies: 5
Views: 645

Re: First post.

That health care fund (VGHAX?) throws a lot of taxable distributions and so does the "Dividend Growth Fund" (ouch!) so some here probably would recommend keeping them in tax deferred or Roth accounts Last time I looked they seemed to have returns suitable for bragging about-but of course who knows w...
by Wakefield1
Fri Apr 12, 2019 1:20 pm
Forum: Personal Investments
Topic: If I have an existing Roth IRA account, does this year's contribution go into that or do I open a new Roth IRA?
Replies: 5
Views: 377

Re: If I have an existing Roth IRA account, does this year's contribution go into that or do I open a new Roth IRA?

I always added to my original IRA account until such year that the Roth became available and then I added to that each year. Later converted a small part of the original account,added to the existing Roth account. I think you can open multiple IRAs and Roth IRAs,as long as your income allows and you...
by Wakefield1
Sun Apr 07, 2019 7:21 pm
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 4420

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

Is he talking the total tax obligation for the year or only a year end payment calculated/owed from the tax return?
by Wakefield1
Sun Apr 07, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"
Replies: 76
Views: 10545

Re: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"

My index funds (and managed funds) seem to have recovered from the December panic quite nicely.
by Wakefield1
Sun Apr 07, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in Dec.
Replies: 18
Views: 1860

Re: I am confused about quarterly taxes. I own the state about $1700. For the last couple of years I just pay them in

Virginia has safe harbors similar (different dollar amounts) to Federal. Might apply to withholding more so than to Estimated payments. Basically make sure you have withholding for this coming year great enough to exceed(by the end of the tax year) what your total tax liability came to last year. Mi...
by Wakefield1
Tue Apr 02, 2019 3:53 pm
Forum: Personal Investments
Topic: I bought a stock for the first time.
Replies: 66
Views: 4031

Re: I bought a stock for the first time.

Anyone want to conjecture as to how Briggs & Stratton will perform relative to Lyft over the next few years?
Thanks to Mr. Bogle people don't have to worry about such things so much as was the case before his life work
by Wakefield1
Mon Apr 01, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: 2012 Honda Fit MPG issue
Replies: 49
Views: 3141

Re: 2012 Honda Fit MPG issue

Not going into "closed loop operation" as to the engine control system? This would happen with a thermostat not allowing full engine warmup (opening at too low a temperature or stuck open all of the time)or even just a failed (coolant) temperature sensor-- should be a way to interrogate the system v...
by Wakefield1
Mon Apr 01, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 4665

Re: Do any of you have a fear of changing jobs?

Times have changed since my working life It was indeed considered dangerous to leave a job,there might not ever be another one. That was Depression era mentality (my parents' generation) and passed down in sort of a weaker form to my generation Also the retirement systems offered at many employers r...
by Wakefield1
Sun Mar 31, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Lifelock
Replies: 15
Views: 946

Re: Lifelock

Now branded with the Norton Antivirus/Security business and aggressively promoted by pop ups from the antivirus
by Wakefield1
Sat Mar 30, 2019 5:03 pm
Forum: Personal Investments
Topic: Seeking insight on this individual stock Dividend Port?
Replies: 6
Views: 436

Re: Seeking insight on this individual stock Dividend Port?

Better to get a broader index even if something like Vanguard's High Dividend Yield vs. gambling with individual stocks/picking
by Wakefield1
Sat Mar 30, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7957

Re: The real impact of inflation on Retired Folks?

Lots of ways to underestimate inflation- :( Cost of houses and land in my opinion would make a good indexing subject for estimating inflation How about cost of property tax (per unit of land area or per house) and not "adjusted" for "increased market value" (which adds a systemic underestimate of in...
by Wakefield1
Fri Mar 29, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 218
Views: 177260

Re: [Why did my fund suddenly drop in value?]

oldzey wrote:
Fri Mar 15, 2019 7:47 am
Yes folks, it's that time again:

Find out if your fund is declaring a dividend this month
Looks like VGHAX sneezed today. Zombie $ to reappear on April Fools" Day?
Glad that thing is in my Roth and not in my taxable!
by Wakefield1
Wed Mar 27, 2019 1:12 pm
Forum: Personal Consumer Issues
Topic: Boeing 737 Max 8 Flight: Would you rebook?
Replies: 63
Views: 5128

Re: Boeing 737 Max 8 Flight: Would you rebook?

"horrible design choice to use single string AoA as an input" Am I correct that 3 AoA detectors/sensors should have been used with consensus of 2 of 3 needed for actuation of MCAS (but if one disagrees a trouble indication would be displayed in cockpit) (normally all 3 would be within a certain rang...
by Wakefield1
Tue Mar 26, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7957

Re: The real impact of inflation on Retired Folks?

"Invest we must"
Perhaps there is more risk to cash in the pillow or even in the bank than some older risk averse people realize
by Wakefield1
Sat Mar 23, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs Total Return
Replies: 52
Views: 3859

Re: Dividends vs Total Return

Does chasing yield increase risk?
Does chasing yield ever decrease total return?
But could avoiding dividends completely also increase risk? (As in less diversification)
by Wakefield1
Sat Mar 23, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pay 1/4 taxes to avoid $75 fee?
Replies: 21
Views: 1543

Re: Pay 1/4 taxes to avoid $75 fee?

related question: I wonder if Vanguard as an IRA custodian can do withholding of tax from distributions or "required minimum distributions" (generating a 1099 form with the withholding amount on it?) Yes they can. I do it every year from my RMD. Three or four more years before I have to do RMD. :!:
by Wakefield1
Sat Mar 23, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pay 1/4 taxes to avoid $75 fee?
Replies: 21
Views: 1543

Re: Pay 1/4 taxes to avoid $75 fee?

I don't know if you are retired and withdrawing funds from a TIRA, so my comments might be little use for you. All our expenses are paid by TIRA withdrawals (100% taxed) and Social Security benefits (85% taxed). Each time I withdraw from our TIRAs I send the IRS a portion. Around September-October ...
by Wakefield1
Sat Mar 23, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pay 1/4 taxes to avoid $75 fee?
Replies: 21
Views: 1543

Re: Pay 1/4 taxes to avoid $75 fee?

Sounds like an underwithholding penalty When my taxes go up each year I rush to increase my withholding for the remaining months of the present year such as to make my total withholding come to at least as much as the total tax was for the preceding year. Or else pay some estimated tax at the beginn...
by Wakefield1
Tue Mar 19, 2019 7:53 pm
Forum: Investing - Theory, News & General
Topic: What financial advice have you been most grateful for?
Replies: 60
Views: 5780

Re: What financial advice have you been most grateful for?

My initial savings/investment model was based on following those of my parents and older relatives. Since they had experienced the depression the only thing they really felt safe investing in were bank accounts and CDs. I went to college and read a lot and followed the news more widely, including M...
by Wakefield1
Mon Mar 18, 2019 9:35 pm
Forum: Investing - Theory, News & General
Topic: "Lies, Damned Lies, and Statistics."
Replies: 131
Views: 11322

Re: "Lies, Damned Lies, and Statistics."

I have a vague recollection that an authority held that there were some absolutely bottom of the barrel mutual funds that do tend to stay near the bottom (persistent performance) but that a top (recent) performance fund is just as likely to move down to average or even below average during the next ...
by Wakefield1
Fri Mar 15, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: 90 day waiting period for Vanguard Flagship
Replies: 37
Views: 3944

Re: 90 day waiting period for Vanguard Flagship

Does the Flagship phone # answer faster than the other phone #s? I thought it was rather random that someone noticed your balances and put the "Welcome to Flagship" on your logon. My Flagship might have been on the rocks during the December foolishness but seems to have refloated without any holes i...
by Wakefield1
Fri Mar 08, 2019 7:10 pm
Forum: Personal Consumer Issues
Topic: Who Can I Hire to Evaluate Heating Situation in my Home?
Replies: 34
Views: 2065

Re: Who Can I Hire to Evaluate Heating Situation in my Home?

As described: OP has multiple zones; one zone never reaches target temperature. There are two possibilities and only two. (1) thermostat is not working properly or (2) the heat delivered to the cold zone is not enough compared to the heat loss. If you have eliminated (1) then OP can increase the he...
by Wakefield1
Fri Mar 08, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Who Can I Hire to Evaluate Heating Situation in my Home?
Replies: 34
Views: 2065

Re: Who Can I Hire to Evaluate Heating Situation in my Home?

If the zone does not have its own circulator but relies on a valve and a circulator shared with other zones it might need its own circulator added to get its share of the hot water. In some cases if there is air in the water system it can cause no heat rather than reduced heat because the air can ac...
by Wakefield1
Mon Mar 04, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 147
Views: 14164

Re: Why does dividend investing not work?

I fear taxes rather than dividends!
Sort of related to "mental accounting": Cap Gains Distributions from mutual funds: they don't seem like "real" income to me,are they? Dividend income seems like "real" income unless it is the dreaded "return of principal"? :shock: