Search found 1049 matches

by Wakefield1
Fri Sep 13, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 5474

Re: Whistleblowing / Going Rogue at Work

Quite the conundrum
Agree that the job is in danger
by Wakefield1
Fri Sep 13, 2019 2:23 am
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 3811

Re: What older products/tools are better than modern equivalents?

Live potatoes in the grocery store used to be better:I think the current oversized ones are grown overfertilized or with too much nitrogen vs. potassium in the soil Older commodes used to work with only one flush-not so the new "water saver" Some push button car windows will suffer breakage of the l...
by Wakefield1
Wed Sep 11, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 3811

Re: What older products/tools are better than modern equivalents?

Made in USA Armstrong tools and their Craftsman equivalents
by Wakefield1
Wed Sep 11, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 3811

Re: What older products/tools are better than modern equivalents?

daheld wrote:
Wed Sep 11, 2019 1:46 pm
Clothes washers (i.e. washing machines).
Old Maytag with simple twist controls?
by Wakefield1
Wed Sep 11, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: What older products/tools are better than modern equivalents?
Replies: 54
Views: 3811

Re: What older products/tools are better than modern equivalents?

Bonney brand tools
Older Mac breaker bar (hinge handle)
Some mechanics seen to like the Snap On tools from the recent past as compared to the currently available ones (different script on them)
by Wakefield1
Sun Sep 08, 2019 8:00 pm
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3329

Re: Going desktop-less?

Since I am not secure as to probably not going to stay where I am at present indefinitely,if I have to get a new computer(this Gateway is going on 18 years old) it would be a laptop for the ease of relocating. But if I were in my "Dream Home" and thinking to be content to stay there for many years I...
by Wakefield1
Thu Sep 05, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 76
Views: 4733

Re: BofA ShopSafe going away

I was very disappointed to hear ShopSafe is going away, because I use it a lot. Especially for magazine and trial membership charges that I do not want to be charged even though I have cancelled. Shopsafe has saved me numerous times, because I get notices like "we have been unable to charge your cr...
by Wakefield1
Sun Sep 01, 2019 11:29 pm
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 90
Views: 4853

Re: How to help niece improve her driving

Cars are a major expense and I think,one of the reasons why many people never seem to build assets that would enable them to choose a better lifestyle after a number of years of employment. The way people treat the cars has a bearing on how long the cars last and how much money must be expended on r...
by Wakefield1
Fri Aug 30, 2019 7:28 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 5401

Re: College age male: How much money for food?

Can't remember for sure but a certain U. had a meal ticket plan in the early 1970s that offered 3 meals/day 5 days/week (no weekend) might have been about $400. for the whole academic year! Kids got unlimited milk,unlimited cottage cheese (which was noted and exploited by kids that frequented the we...
by Wakefield1
Fri Aug 30, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 204
Views: 18703

Re: Index Funds Bubble?

Retractable Technologies makes syringes that retract and store the needle after use, for safety. As a nurse who gives thousands of injections per year, I am grateful for this product, and also happily own shares of Retractable Technologies (in my total market index funds). With the total market, I ...
by Wakefield1
Thu Aug 29, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 204
Views: 18703

Re: Index Funds Bubble?

Retractable Technologies makes syringes that retract and store the needle after use, for safety. As a nurse who gives thousands of injections per year, I am grateful for this product, and also happily own shares of Retractable Technologies (in my total market index funds). With the total market, I ...
by Wakefield1
Thu Aug 29, 2019 7:52 pm
Forum: Investing - Theory, News & General
Topic: Passive investing now controls nearly half the US stock market
Replies: 39
Views: 3401

Re: Passive investing now controls nearly half the US stock market

A lot of indexers still hold S&P 500 or other large cap index funds or ETFs that neglect the smaller cap companies? (Not "Total Stock Market")? Not an index bubble but a large cap index bubble as compared with total index or small cap index? Harder for a small fund house to operate a true total stoc...
by Wakefield1
Thu Aug 29, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: Passive investing now controls nearly half the US stock market
Replies: 39
Views: 3401

Re: Passive investing now controls nearly half the US stock market

When Michael Burry talks,maybe people should listen.
Did Larry Swedroe have a similar observation mentioned in a thread on here in the last few days? (Small value getting comparatively cheaper because of the popularity of big caps/cap weighted indexing?
by Wakefield1
Thu Aug 29, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: Passive investing now controls nearly half the US stock market
Replies: 39
Views: 3401

Re: Passive investing now controls nearly half the US stock market

"passively managed" as defined by the article: does it include the broad index based ETFs which are possibly being traded very actively and possibly driving some of the day to day volatile price movements in the S&P 500 ?
by Wakefield1
Thu Aug 29, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4521

Re: Social Security age 70 or bust?

willthrill81 wrote:
Thu Aug 29, 2019 4:55 pm
the best longevity insurance out there (i.e. deferring SS benefits until age 70).
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
generally outweighs the effect of more depletion of your retirement accounts provided you live long enough?
by Wakefield1
Mon Aug 26, 2019 1:09 pm
Forum: Personal Investments
Topic: At what age to teach kids about investment
Replies: 19
Views: 1705

Re: At what age to teach kids about investment

I would start out with mutual funds knowing what I do now rather than the individual stocks as I did (other than the employer 457 plan which began to be offered after I had already worked a few years of course a young kid can start out with a bank account but make sure it promises to pay interest! B...
by Wakefield1
Mon Aug 26, 2019 1:05 pm
Forum: Personal Investments
Topic: At what age to teach kids about investment
Replies: 19
Views: 1705

Re: At what age to teach kids about investment

My first lesson about "investment" was when my parents had me put about $20. into the (?) Old Dominion Bank and several years later we found that they hadn't paid a cent of interest so that lesson was "beware" and be suspicious Actually all I was taught was to "put your money in the bank" and don't ...
by Wakefield1
Sun Aug 25, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Death in family (not sure how to proceed)...
Replies: 30
Views: 5291

Re: Death in family (not sure how to proceed)...

- Keep paying mortgage on the home that they shared for ten years (she is living in her own apartment) so she can sell it when she is ready to. - He owned the house before they got married but did not add her to the title, so we want to contact a lawyer to either get her name on the title or find o...
by Wakefield1
Tue Aug 20, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: free money from NCUA 6years after CU failure?
Replies: 16
Views: 1578

Re: free money from NCUA 6years after CU failure?

Returned interest that didn't get paid as due at the time? (or) Interest paid on funds not available during time between failure of the original c.u. and the successor picking up the obligations?
Otherwise sounds like a mistake
by Wakefield1
Mon Aug 19, 2019 6:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's "Bogle Site" gone? Hopefully just a glitch.
Replies: 52
Views: 9644

Re: Vanguard's "Bogle Site" gone? Hopefully just a glitch.

If Vanguard is no longer hosting the site but if there is another site hosting the historical material then Vanguard should post the link to the alternative site at the old Vanguard address for the site.
by Wakefield1
Sun Aug 18, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 21
Views: 1789

Re: IRMAA Appeal

Am I correct that IRMAA is not all or none but instead has a number of stages of higher and higher surcharges added to one's Medicare bill?
Is the first stage all that bad?
by Wakefield1
Thu Aug 15, 2019 8:10 pm
Forum: Personal Investments
Topic: Should we buy bond mutual funds now?
Replies: 30
Views: 3508

Re: Should we buy bond mutual funds now?

Those CDs sound better if they still have 2.6 APY going for at least 16 months going forward,my credit union just cut :( some of their CD rates to quite a bit less than that. Glad some of mine are at a better than the newly announced rate.
by Wakefield1
Thu Aug 15, 2019 1:52 am
Forum: Investing - Theory, News & General
Topic: 30 year treasury yield drops below 2% for the first time in history
Replies: 41
Views: 5364

Re: 30 year treasury yield drops below 2% for the first time in history

I wonder what is driving these and especially 10 year rates so low? Is it lack of demand for credit? The credit union where I have my cash stash just dropped their CD rates the other day,at least I have much of my cash in higher rate CDs that will last for a few months before expiring. No where near...
by Wakefield1
Tue Aug 13, 2019 3:26 pm
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 7181

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

Grandparent founded a publicly traded company. Watched parents wait 20 years to inherit, messed up their lives and marriage. The 99% comment indicates a problematic perspective. Parent 1 dies, Parent 2 remarries and predeceases spouse #2, whose kids get all the money. Happens ALL THE TIME. A very v...
by Wakefield1
Mon Aug 12, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 15396

Re: Missing money - Vanguard accounts

They really should put a banner on their web portal about the technical problem. Shouldn't display gibberish when it is known not to be valid.
by Wakefield1
Sun Aug 11, 2019 7:59 pm
Forum: Personal Investments
Topic: Vanguard Domestic Dividend Funds - VHDYX vs VDADX
Replies: 25
Views: 7464

Re: Vanguard Domestic Dividend Funds - VHDYX vs VDADX

I believe that some short term cap gains that are distributed by mutual funds are buried in the IRS tax liability 1099s as "dividends" that are not Qualified? (Trading and turnover in the fund) if so that might affect some of the considerations as to tax efficiency of funds My take is that high qual...
by Wakefield1
Sun Aug 11, 2019 12:42 pm
Forum: Investing - Theory, News & General
Topic: If you think oil prices will drop where would you invest?
Replies: 70
Views: 3548

Re: If you think oil prices will drop where would you invest?

Oil is also feedstock for much of the chemical industry I think. Insulating coating for the wire used in the electric car motor windings? Didn't Mr. Rockefeller say that no one can predict future oil prices,so if you want to build a great oil company you have to figure out how to make a profit when...
by Wakefield1
Sat Aug 10, 2019 5:58 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

I recall reading, many years ago, that paying dividends tends to instill some financial discipline in management, in that it prevents you from throwing everything away in ill advised acquisitions, investments and bonuses. They have to prioritize. How applicable that may still be I don't know. Still...
by Wakefield1
Sat Aug 10, 2019 5:55 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

...A buyback is a payout economically speaking just as much as a dividend is... Serious question: has anyone reading this personally had a big corporation buy back your shares and pay you money directly? That is, has a buyback ever put dollars from the stock issuer directly into your pocket? The ch...
by Wakefield1
Sat Aug 10, 2019 2:56 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

Do managements sometimes engage in buybacks as a strategy to discourage takeover attempts of "their" companies by potential other owners who could possibly get a majority stake (if they can afford to buy up enough shares) and install other managers? Might this possibly not be in the interest of smal...
by Wakefield1
Sat Aug 10, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: If you think oil prices will drop where would you invest?
Replies: 70
Views: 3548

Re: If you think oil prices will drop where would you invest?

Oil is also feedstock for much of the chemical industry I think. Insulating coating for the wire used in the electric car motor windings? Didn't Mr. Rockefeller say that no one can predict future oil prices,so if you want to build a great oil company you have to figure out how to make a profit when ...
by Wakefield1
Sat Aug 10, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

IBM is a shining example of how buybacks don't increase share value and dividends would have been better for everyone Bingo...and buybacks were used as a way for the C-Suite to raid the company coffers. May I add that I don't think that buybacks guarantee that a stock can't go to zero some time in ...
by Wakefield1
Sat Aug 10, 2019 2:08 am
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

According to the dividend discount theory of stock value, dividends are the root of stock value. The value of the stock is the present value of the future stream of dividends it will pay. If you assume that the stock will never pay a dividend, then the calculation becomes indeterminate, like zero d...
by Wakefield1
Fri Aug 09, 2019 6:47 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 11709

Re: Why do dividends still exist?

I hear the "cap gains and dividends are ultimately the same" and the "cap gains are taxed advantageously" crowds, and these notions have truth to them. But taking advantage of them cannot be done in an entirely passive fashion. But ultimately, like everything else, all companies eventually die too,...
by Wakefield1
Fri Aug 09, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: Inflation then and now?
Replies: 5
Views: 674

Re: Inflation then and now?

I believe when a Federal official says that inflation is too low that the danger and corrosive nature of inflation is being underestimated. As well as the difficulty and pain involved with trying to slow it when it has gotten high and the expectation for continuing inflation has permeated comsumers'...
by Wakefield1
Thu Aug 08, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity highlights its better sweep account yields
Replies: 28
Views: 2865

Re: Fidelity highlights its better sweep account yields

Fidelity highlights its better sweep account yields compared to Schwab, Etrade and TDA https://www.businesswire.com/news/home/20190807005433/en/Fidelity-Investments%C2%AE-Takes-Strong-Step-Provide-Investors Fidelity Investments®, the largest retirement and brokerage firm with nearly $8 trillion in ...
by Wakefield1
Thu Aug 08, 2019 12:45 am
Forum: Personal Investments
Topic: Vanguard Dividend Growth Fund Vs Picking your Stock Dividend
Replies: 11
Views: 1386

Re: Vanguard Dividend Growth Fund Vs Picking your Stock Dividend

Perhaps the O.P. might like to look at Equity Income Fund or the VHDYX (High Dividend Index?) Fund Not sure whether the Dividend Growth Fund is really about dividend yield as opposed to stocks that grow or are likely to grow their dividend in the future (so a closet growth fund?) of course with all ...
by Wakefield1
Wed Aug 07, 2019 12:00 am
Forum: Personal Investments
Topic: DRIP (Dividend Reinvestment Plan)
Replies: 30
Views: 3558

Re: DRIP (Dividend Reinvestment Plan)

I am thinking about buying stocks, and I was wondering if a DRIP plan is good. I've never bought stocks before. The stocks I'm thinking about buying would be from big companies, like Coca-Cola, Starbucks, ExxonMobil, etc. The DRIP plan sounds so good. It automatically reinvests your dividend paymen...
by Wakefield1
Sun Aug 04, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: When taking RMD, better when market "high" or "low"
Replies: 28
Views: 2320

Re: When taking RMD, better when market "high" or "low"

I think it depends on what you do with the RMD. If you are using it for spending then you want it high (sell high). However, if you are doing a Roth conversion (maybe pre-RMD) or if you plan to just reinvest the RMD , then I think it is better if it is low. That gives you more shares. A tax-deferre...
by Wakefield1
Sun Aug 04, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"
Replies: 54
Views: 7451

Re: Clements, HumbleDollar, viewing Vanguard with unease: "Whither Vanguard?"

Mr Bogle was an architect of a great product, index funds. And, he was offered the ETF product first. He chose not to accept an absolute gift. Perhaps Mr Bogle could have rolled out ETFs in a better fashion. We will never know. So, Vanguard came later to the show. I think he could have been the arc...
by Wakefield1
Sat Aug 03, 2019 5:33 pm
Forum: Personal Investments
Topic: Is this a good time to invest?
Replies: 18
Views: 1956

Re: Is this a good time to invest?

It's always a good time to invest. The question is what investment is appropriate.
Is the rule of thumb that "money needed in less than 7 years should not be in stocks" too strict?
by Wakefield1
Sat Aug 03, 2019 2:17 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8492

Re: Does it bug anyone else that Vanguard only has money market for cash?

Did any of Vanguard's Money Market Funds have any problem in 2008 ? I don't think so
by Wakefield1
Tue Jul 30, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9074

Re: Bloomberg: Forget Tech, Medicine Still Pays More

It's an art It's a profession It's a calling (at least it should be but things are not always as they should be and that includes some who are only in it for the money) perhaps Nursing should also get a mention I disagree that software engineering is equal to medicine although it certainly might be ...
by Wakefield1
Mon Jul 29, 2019 10:07 pm
Forum: Personal Consumer Issues
Topic: Tree Removal Crane vs Boom
Replies: 24
Views: 1465

Re: Tree Removal Crane vs Boom

One treeman/tree removal businessman owns a boom truck and uses it on a job when it is adequate. On a bigger job he will call an operator who owns a very large crane when the large crane is required I think the job is more expensive. Also might depend on whether the tree is very tight up against a b...
by Wakefield1
Mon Jul 29, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: Why not aim for a HIGH YIELDING portfolio?
Replies: 60
Views: 4915

Re: Why not aim for a HIGH YIELDING portfolio?

Isn't there a case to be made to construct a portfolio that has a higher yield than what index funds pay? VTSAX pays only 1.84%. If I wanted an annual income of $80,000 I'd need $4.2 million in a portfolio yielding 1.9%. But you'd only need $842,105 from a portfolio yielding 9.5%. Of course, you'd ...
by Wakefield1
Mon Jul 29, 2019 12:56 pm
Forum: Personal Investments
Topic: Advice on taking a draw from Vanguard accounts
Replies: 8
Views: 998

Re: Advice on taking a draw from Vanguard accounts

I personally have dividends (but not capital gain distributions) from some of my Vanguard taxable account mutual funds direct deposited into my Credit Union. I have the old mutual fund platform so establishing direct deposit on the new platform using the web interface may be different As someone els...
by Wakefield1
Thu Jul 25, 2019 7:27 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 10104

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

Maybe if there is a bubble in the "FAANG" then the other side of it is the small cap value space and/or the stocks represented in the "Mid Cap Index Fund" .
by Wakefield1
Thu Jul 25, 2019 7:22 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 101
Views: 21040

Re: Retire with Less Than $1 million?

A paid up house would certainly help. Especially if not counted towards that "less than $1 million".
by Wakefield1
Thu Jul 25, 2019 5:35 pm
Forum: Personal Consumer Issues
Topic: Be aware of Verizon!
Replies: 34
Views: 4365

Re: Be aware of Verizon!

Verizon telephone and Internet service is very expensive.
I hope Verizon doesn't become the electric power supply company! :greedy Would probably double the price over a couple years!
by Wakefield1
Sat Jul 20, 2019 1:31 am
Forum: Personal Investments
Topic: How to Contribute if Employer Doesn't Offer Traditional IRA
Replies: 23
Views: 1587

Re: How to Contribute if Employer Doesn't Offer Traditional IRA

I simply like my Roth IRA( :happy ) better than my "traditional" IRA( :x ) what with no "required minimum distributions" even if the numbers favored the "traditional" (they didn't since I am in a higher tax bracket in retirement). If you have to make "non-deductible" "traditional IRA" contributions ...