Search found 672 matches

by Wakefield1
Tue Dec 12, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 84
Views: 6677

Re: The road to investment success

Fountain 84: As I write this, you have received 55 Replies to your post made this morning. This may be close to a record. I think your excellent responses are because many (probably most) of us had a similar experience when we started investing. It happened to me. We only knew what the self-serving...
by Wakefield1
Sun Dec 10, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3763

Re: Buying index funds is just as speculative as buying Bitcoin

Confusing of the buy and hold longterm investor in stocks or stock index mutual funds with the market timing investor chasing in and out of various ETFs that are based on all kinds of exotic indexes meant to be traded "in real time all day"? Is that one of the things (chasing ETFs) that Mr. Bogle ad...
by Wakefield1
Sun Dec 10, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5582

Re: Does this happen to you? Educating friends about personal finance

One can always recommend a book such as those written by Mr. Bogle (Costs matter,the power of indexing) recommend a couple of websites such as Vanguard's,T. Rowe Price,this one,White Coat,Dave Ramsey From time to time as a retired employee a current employee might ask you a question about the employ...
by Wakefield1
Sun Dec 10, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 14
Views: 1488

Re: Fraud/401k sales and the elderly parent

My mother is 94. Multiple times per day on the average,the phone rings,"unavailable,"out of area",or simply blank on the Caller ID screen. Not all of these but some of them are probably vicious phone spam,criminals seeking contact. Fortunately my mother is suspicious of strangers on the phone and wo...
by Wakefield1
Sun Dec 10, 2017 1:12 am
Forum: Personal Consumer Issues
Topic: Home Security Camera: Post a Warning Sign or Not?
Replies: 20
Views: 2277

Re: Home Security Camera: Post a Warning Sign or Not?

I would think a couple of dummy cameras could be placed and also one or more real ones. The dummy ones to be more obvious.
by Wakefield1
Sat Dec 09, 2017 11:52 pm
Forum: Investing - Theory, News & General
Topic: TSM vs High Dividend Yield if I never choose to sell?
Replies: 36
Views: 2154

Re: TSM vs High Dividend Yield if I never choose to sell?

At least the IRAs now allow more than the $2000. per year :| that I was limited to most of the time that I could contribute to them. O.P. might be subject to a high income provision as to/against contributing to (deductible) IRA? (perhaps O.P. could review the information about Roth conversions of n...
by Wakefield1
Sat Dec 09, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: TSM vs High Dividend Yield if I never choose to sell?
Replies: 36
Views: 2154

Re: TSM vs High Dividend Yield if I never choose to sell?

The extra tax cost of a high-dividend fund is greater if you never sell than if you do sell. In funds which pay high dividends, the share price grows more slowly because more of the return is paid to you in a dividend. If you sell, you will pay tax on the return either way; receiving it as a divide...
by Wakefield1
Fri Dec 08, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 3771

Re: Which is better: Wellesley or 5-yr 2.5% CD?

How about money that absolutely positively on every dollar must be available in 5 years has to go into CDs that mature in 5 years or shorter (could be a bank/credit union insured savings or money market account but that probably wouldn't pay as much interest as a CD) intervals,other money can be put...
by Wakefield1
Thu Dec 07, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4139

Re: When Bitcoin blows-up

How high can it go? I think a lot especially if big banks and institutions get in on the game.(Should they be allowed to join the game?) But if that happens and what I think is the inevitable finally happens then there will be real damage done similar to the housing credit bubble. bitcoin derivative...
by Wakefield1
Thu Dec 07, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4139

Re: When Bitcoin blows-up

The situation as to whether a bitcoin crash can cause ripple contraction effects on other parts of the economy depend somewhat on whether a lot of the bitcoin buying has been financed and whether the "bitcoin millionaires" can pay their bitcoin acquisition debt if their bitcoin value goes south. I d...
by Wakefield1
Thu Dec 07, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6538

Re: Bitcoin now the largest quantifiable bubble in history?

"How high can it go?" asks the newspaper article:
Is the answer "as high as buyers are willing to pay"?
by Wakefield1
Tue Dec 05, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9325

Re: Why should I donate to my alma mater?

If I felt that my alma mater had increased my earning power significantly or served as a gateway to a more privileged existence I would give back much more than I do. There is a group that sometimes gives scholarship aid to young members and also preserves a piece of land for traditional purposes,so...
by Wakefield1
Tue Dec 05, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8728

Re: Amount You Need To Save Annually Over Lifespan

As in MSK's post,a mortgage is really seen as sort of a forced savings investment by a lot of people-there might not be much left over to save after the mortgage is paid! a thought: If a young adult (employed) is not paying on a mortgage,perhaps a mortgage like amount should be put into some kind of...
by Wakefield1
Tue Dec 05, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 18043

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

I just noticed a feature talking about Bitcoin on the mass media news,featuring a bitcoin millionaire. So meeting another of the tests for a bubble,everyone is talking about it. Too late for me to join,unless I want to help that bitcoin millionaire (at my expense) with my luck. :thumbsdown (to its c...
by Wakefield1
Tue Dec 05, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: How much do you need to drive a car to keep battery charged and everything else OK?
Replies: 36
Views: 2717

Re: How much do you need to drive a car to keep battery charged and everything else OK?

I drove my old SUV once a month, no problem. But it died on us after we left for Europe for 4 months. So that’s the maximum. Some cars have a fuse or circuit breaker that can be pulled for storage to reduce battery discharge rate but doing that will cause various things in the car to lose their mem...
by Wakefield1
Tue Dec 05, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 18043

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

As far as I see it there are two ways to judge Bitcoin- as a vehicle for investment (Speculation?) looks negative to me (buy and holder vs. marketimer) -as a way to pay for services,goods,monetary transactions (means of making payment) -maybe will be O.K. for that if the speculative fever levels out...
by Wakefield1
Tue Dec 05, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Vanguard customer service reps need some training
Replies: 66
Views: 6784

Re: Vanguard customer service reps need some training

Just received a couple of "Invest by Mail" forms in the mail from Vanguard. Still have my non "Upgrade"ed mutual fund accounts as well as "Vanguard Brokerage Account". Did have to call Vanguard on the phone a few years ago in order to have someone walk me through the online procedure for making a pa...
by Wakefield1
Mon Dec 04, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: How much do you need to drive a car to keep battery charged and everything else OK?
Replies: 36
Views: 2717

Re: How much do you need to drive a car to keep battery charged and everything else OK?

A full hour drive is a lot better for the engine than 10 six minute drives. (where the engine never gets fully warm) Most newer cars put a much larger load on the battery while the car is shut down than older cars did. So the battery goes down some in just a week or so. Whereas the same battery sitt...
by Wakefield1
Mon Dec 04, 2017 12:42 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 18043

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

When someone sells or redeems their bitcoins for $ or euros or whatever does the money come from proceeds of other people buying bitcoins?
by Wakefield1
Fri Dec 01, 2017 3:09 pm
Forum: Personal Consumer Issues
Topic: Facebook's malware scan- legitimate or malware? Invasive?
Replies: 52
Views: 8640

Re: Facebook's malware scan- legitimate or malware? Invasive?

I have never registered or given permissions to Facebook but I used to look at public pages (like Old Dominion Run) that were on Facebook but sometime about 2 or 3 years ago Facebook began to block that (looking,not doing anything else) unless you register and give them access to your computer.
by Wakefield1
Thu Nov 30, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 14959

Re: A good friend has nearly $1M in BitCoin what do I tell him?

He hasn't made his money until he has sold his BitCoins and realized a gain.
by Wakefield1
Thu Nov 30, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25837

Re: Currently have $700,000 at 26 years old get $100,000 a year

The thought comes to me that the O.P. probably doesn't have access to investing in tax deferred or tax free (Roth IRA) space so his situation is different in that regard from most younger Forum Members. Another thought is that with his resources he can take a job for the reason that he enjoys it or ...
by Wakefield1
Thu Nov 30, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25837

Re: Currently have $700,000 at 26 years old get $100,000 a year

itstoomuch wrote:
Sun Nov 26, 2017 7:15 pm
The only reason why I bookmarked this thread is to discover if you found a GF with your wealth :mrgreen: ?
so, Have you :?:
A wrong girlfriend might be easy to find
Mrs. Right not so easy
don't get taken
by Wakefield1
Wed Nov 29, 2017 7:00 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9449

Re: Which crash have you seen it before it is coming?

Didn't Warren Buffet warn of the overvalued market around the market highs of year 2000? As to the housing bubble I was irritated at the constant efforts to keep inflating house prices and I think I still see some of that activity going on now. (Easy money,low/no down payment.) Although not nearly t...
by Wakefield1
Wed Nov 29, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 14959

Re: A good friend has nearly $1M in BitCoin what do I tell him?

The story goes that George Gershwin asked composer Igor Stravinsky for lessons. Stravinsky asked Gershwin how much money he made; when Gershwin told him, Stravinsky said, "I should be taking lessons from you." Don't count your chicks until the eggs hatch. I suspect that eventually there won't be en...
by Wakefield1
Tue Nov 28, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 157
Views: 13854

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

Big lottery jackpot? Paid for by those buying in? When more players/buyers/sellers start to cash out/sell instead of buying into the game will the jackpot start to shrink? Can it go all the way to nothing?
by Wakefield1
Tue Nov 28, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 97
Views: 7822

Re: GE - a good value?

Anchoring--(mentally constructed mean to revert to?)
by Wakefield1
Mon Nov 27, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25837

Re: Currently have $700,000 at 26 years old get $100,000 a year

Right now if I imagine myself to be in the O.P.'s situation (and not cooking for and taking family to their doctors)(and not aging with less than perfect health) I would try to get in shape,connected to some other people who are interested in running and set out to run and win a 100 mile race. If th...
by Wakefield1
Sat Nov 25, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 3635

Re: What are average incomes for luxury vehicle purchases? Will help me decide

livesoft wrote:
Sat Nov 25, 2017 12:54 pm
I'm waiting for the OP to reveal that he is driving an old beater Lexus like me.
Then a change to a 4 year old ES 350 would seem like a limousine?
by Wakefield1
Sat Nov 25, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 3635

Re: What are average incomes for luxury vehicle purchases? Will help me decide

Dream car of the day (at least today) perfectly restored 1953 Packard -manual transmission with Overdrive of course-the automatic might be part of what killed them I understand the old car hobby can be really expensive used to make sense for the luxury minded to buy a one or two year old trade in ev...
by Wakefield1
Fri Nov 24, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16195

Re: Anyone tired of the stock market going up?

I am certainly tired of watching houses/nice places to live going up. My suspicion is that in the last 2 or 3 years the house prices have gone up so much that the stock market chasing them can't keep up. I am in a relatives/responsibility/cooking/taking people to their doctors situation that require...
by Wakefield1
Fri Nov 24, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: WSJ - Is Your Stockpicker Lucky or Good?
Replies: 8
Views: 736

Re: WSJ - Is Your Stockpicker Lucky or Good?

livesoft wrote:
Fri Nov 24, 2017 9:53 am
That suggests that one wants to make a lot of transactions in order to determine if they are lucky or not.
And to make enough transactions to find out that you are not lucky may prove to be costly.
by Wakefield1
Mon Nov 20, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 2940

Re: service life of (walk behind) lawn mower?

It is easier on the mower if the blade/deck height is set as high as will still get the job done,less dust thrown into the air and less apt to catch every little rock. And with most grass types,less apt to brown out in the summer
by Wakefield1
Sun Nov 19, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 2940

Re: service life of (walk behind) lawn mower?

I surmise from this thread and others like it that the secret to lawn mower longetivity is to never change the oil. I bought a Honda HRX (great mower) this spring and have already changed the oil once or twice. This doesn’t bode well for me. I would follow the manufacturer's recommendation, no more...
by Wakefield1
Sun Nov 19, 2017 10:44 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 2940

Re: service life of (walk behind) lawn mower?

I just looked at the web page of the remaining American business that manufactures/sells most of the homeowner push mower engines and I don't like what I see I don't think the engineer who co-founded the business and I understand did some of the photography used in Disney's True Life Nature films wo...
by Wakefield1
Sun Nov 19, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 2940

Re: service life of (walk behind) lawn mower?

The life of a lawn mower or its engine is typically quite short,but most people severely abuse them,low oil running,no oil change,no maintenance of any kind (air filter cartridge anyone?) and leaving them under a tarp out in the weather. With a bit of maintenance they will last much longer,if well m...
by Wakefield1
Sun Nov 19, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13951

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I certainly spend more having my two credit cards than I would not having them. Carrying around wads of cash,running back and forth to the credit union to get more cash, is so dangerous and inconvenient,and lots of places don't take checks,without the credit card I would wait to buy shoes until the ...
by Wakefield1
Sat Nov 18, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 155
Views: 13791

Re: Is holding bonds now dangerous?

Dangerous but not as dangerous? :confused (As all stock)
by Wakefield1
Wed Nov 15, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3888

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

I guess the Litchfield/New Preston area is very expensive because of sort of being a vacation home spot for wealthy Wall Street executives and bankers? (Lake Waramaug,Litchfield Hills are quite scenic)
by Wakefield1
Tue Nov 14, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7678

Re: GE and the myth of "safe blue-chip stocks"

Upon GE's selling off part of its best performing business,didn't Mr. Buffet sell his GE and buy into the business that was just sold off from GE? If so,sounds like Mr. Buffet didn't think too optimistically about GE's management decision Where GE goes now is up in the air,I hope they can recover. C...
by Wakefield1
Tue Nov 14, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Passive investing is a 'chaotic system' that could be dangerous?
Replies: 20
Views: 1837

Re: Passive investing is a 'chaotic system' that could be dangerous?

Slice and dice index funds as ETFs
Trade them in real time all day long,market time between different indexes,portions of indexes
That could get chaotic and could be dangerous!
Is that what drives market volume these days?
by Wakefield1
Mon Nov 13, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15180

Re: Why pay cash for a car?

In most cases i think the dealer will charge a lower price on a car you buy with cash than a car that you buy with cheap or "zero percent" financing through the car company---but some bargaining might be needed. You don't usually get the title or "Certificate of Origin" for the car unless you pay fo...
by Wakefield1
Sun Nov 12, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13412

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Perhaps people are somehow mixing concepts having to do with individual stock investing vs. stock mutual fund investing? (As to where to reinvest dividends?) It is tempting to (have done some of both) do some of both in spite of the (highly likely?) fact that the average person will see more success...
by Wakefield1
Sun Nov 12, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13412

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Buyers of stocks hopefully do their analysis well,then when/after I buy some index fund shares containing stocks selected from the universe of stocks those buyers buy,perhaps I will benefit in some way.
by Wakefield1
Sun Nov 12, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13412

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

Nedsaid,I enjoy your posts and find them illuminating. I am not sure if all of the people have the same objections/attitudes towards (stock) dividends, I see there is an article in today's Washington Post,"How stock dividends can turbocharge your portfolio" that might be able to provide some opportu...
by Wakefield1
Wed Nov 08, 2017 10:22 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 2875

Re: Mold Discovered in Potential House Purchase

Arlington,part of the original District of Columbia remanded back to the State of Virginia.
by Wakefield1
Wed Nov 08, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Slaughtering The High Dividend Sacred Cow
Replies: 192
Views: 13412

Re: Larry Swedroe: Slaughtering The High Dividend Sacred Cow

I don't know if it does or doesn't but to me what's important isn't the price on one day. If a company holds excess cash you don't know what will happen to that cash over time. It could be spent on a stupid acquisition. It could be paid out as silly bonuses to management. It could be wasted on poin...
by Wakefield1
Tue Nov 07, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Gifts for a marathoner
Replies: 25
Views: 1818

Re: Gifts for a marathoner

"Indian Running" by Peter Nabokov (may be out of print) Bernd Heinrich's book,I think it was renamed "Why We Run" ,was originally "Chasing the Antelope" Bernd Heinrich probably knows as much about the physiology of running as Jack Bogle knows about the history of mutual funds. Clarence DeMar wrote a...
by Wakefield1
Tue Nov 07, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does an Traditional IRA contribution lose its deductibility if converted to a ROTH IRA?
Replies: 12
Views: 793

Re: Does an Traditional IRA contribution lose its deductibility if converted to a ROTH IRA?

But you do realize there is no point in doing that, right? You achieve the same thing by contributing directly to Roth IRA...with less paperwork and more flexibility about withdrawing the money if needed. O.P. could just do a Non-deductible IRA contribution and then convert to Roth inexpensively (i...
by Wakefield1
Tue Nov 07, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start investing in taxable accounts?
Replies: 23
Views: 2607

Re: When did you start investing in taxable accounts?

When I bought my first stocks (taxable) in the mid or late 1970s I didn't know of any such thing as an IRA,457 or 401K With time I heard about the IRA,I started mine at the Credit Union,later moved to "America's Utility Fund" still later did a custodian-custodian transfer to Vanguard. [When the new ...