Search found 732 matches

by Wakefield1
Fri Jan 19, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Say...Auto Insurance
Replies: 21
Views: 1468

Re: Can You Say...Auto Insurance

Update, I thought to myself who do I really like... Warren Buffet & Berkshire Hathaway came to my mind. I own a small part of Berkshire Hathaway in my TSM fund. Might as well profit on my own policy. I switched all my insurance to Geico. I ended up with better coverages 300/300/100 for less than I ...
by Wakefield1
Tue Jan 16, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7141

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

The saddest thing about this probably is that the most fragile investors,scared of the memories of the last bear or crash,are the last getting lured in by the excitement near the top,they are liable to be the first to bail and get burned when the "correction" comes. They probably help fuel the corre...
by Wakefield1
Tue Jan 16, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7141

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Market might not be efficient but it is more efficient than I or most investors trying to outguess it.
by Wakefield1
Tue Jan 16, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7141

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Lets suppose I have good investments. If I were a market timer I would try to sell them while they are ridiculously overpriced. But not being a market timer if I just continue to hold them (and save or pocket the dividends),because they are good investments (I hope) they will continue to be worthwhi...
by Wakefield1
Tue Jan 16, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 7141

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

I believe I heard some market guru say that upside moves or toppings end when the bulk of the investing public (including new investors drawn to the excitement of the rising market?) runs out of new money to throw in
by Wakefield1
Mon Jan 15, 2018 12:03 am
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1367

Re: Will IRS make paper tax forms available?

Looks like I managed to place an order via Google: "order irs forms by mail" last year's bookmark didn't work and I couldn't find "order by mail" in a few minutes of moving around on the IRS site but the Google item brought up an order page which I think are the links that xenial and mpsz found _Bog...
by Wakefield1
Sun Jan 14, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 1367

Will IRS make paper tax forms available?

Tax forms: I remember the good old days when paper blank tax forms could be picked up from the Post Office or Library. I have been able in the past few years to order them online from the IRS and State tax authority. I just tried going to last year's bookmarked ordering pages and "page not found". W...
by Wakefield1
Sat Jan 13, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4686

Re: why do banks bother offering lousy CD rates?

I have been trying to get my elderly mother interested in placing some of her CD/Savings in the Credit Union which is just other side of the intersection from the bank she loves (used to be Arlington Trust) where she might get $50. a month instead of a nickel (just a small exaggeration) Some people ...
by Wakefield1
Sat Jan 13, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Switching my Roth IRA to Vanguard
Replies: 5
Views: 430

Re: Switching my Roth IRA to Vanguard

I believe there is a fee for small IRA and/or taxable accounts that is waived if you "turn off" paper statements,that is get everything online.
by Wakefield1
Fri Jan 12, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 45
Views: 3895

Re: Energy sector time to turn around?

It looks like the Dow Utilities Index stocks are "missing in action" from the Wall Street Party.
by Wakefield1
Wed Jan 10, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 13737

Re: Bonds Are Riskier Than People Think

As to whether the Bank CD puts anything at risk/is it an investment or just savings? What if I buy ,say,a 2 year CD and one week later the interest rate goes UP!(on new ones): :annoyed Then I am faced with the possible decision to break it (if the bank will allow it which it doesn't have to do early...
by Wakefield1
Wed Jan 10, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 2605

Re: Did I need a lawyer after an accident?

Wouldn't your own Insurance Agent and/or Company be one of the first sources to turn to for assistance with getting accident claims straight and paid up? Would this be rather straightforward provided proper Police reports were made? (Except for possible 'pain and suffering" claims?)
by Wakefield1
Tue Jan 09, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Fertilize dormant plants in winter?
Replies: 13
Views: 901

Re: Fertilize dormant plants in winter?

A very slow material to break down such as bone meal or greensand probably wouldn't hurt anything. Quickly available nitrogen would simply wash or leach away. Use of Potassium Sulfate might be good in Autumn where it might help the plants with winter hardiness. (Potassium Sulfate,never Potassium Chl...
by Wakefield1
Mon Jan 08, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 174
Views: 17642

Re: Anyone disenchanted with retirement?

My retirement was mainly made necessary by things happening with my mother and brother in our household so I sometimes wish for the old days back,and especially now that my old Foremen/supervisor (from the Valley,his dad was a B&O Railroad Engineer) is no longer living (he retired a year before I di...
by Wakefield1
Thu Jan 04, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 7747

Re: Heading for a top?

Dow Jones Utilities Index down a bit again today? Is it considered to have any predictive value at all when that index moves down during an otherwise frothy market?

Perhaps correlated to falling bond prices?
by Wakefield1
Thu Jan 04, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 87
Views: 4484

Re: ID theft and check cashing fraud

It is likely that other members of that gym have had locker theft or breakin problems. There is something wrong if the gym will not cooperate with the victim as to the fact that they had surveillance video but will not act on it. Likely the thief checks for lockers that can be robbed from time to ti...
by Wakefield1
Wed Jan 03, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 1750

Re: How safe are retirement accounts?

OldSport wrote:
Wed Jan 03, 2018 11:40 am


If any attempt is made to change Roth IRA tax rules, there will be massive revolt and litigation, as that would be punitive double taxation, since those are fully funded with post tax funds.
I will vote against anyone who I think would do such a thing.
by Wakefield1
Wed Jan 03, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 7782

Re: What the experts say about Bitcoins?

Some people make a lot of money with Ponzis and Bubbles. Requires the proper market timing and/or luck.
by Wakefield1
Tue Jan 02, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7604

Re: Paying off mortgage before investing at all?

Or pay just a little extra against the mortgage but not too much!
by Wakefield1
Tue Jan 02, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7604

Re: Paying off mortgage before investing at all?

OP, If a person does not put any money into his/her tax-deferred accounts like 401K, he/she pay full marginal tax rate plus state income tax on any money that he/she pre-pay the mortgage with. Assuming a marginal tax rate of 25% and state income tax of 5%. Does it make any sense to pay 30% tax in o...
by Wakefield1
Tue Jan 02, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Nondeductible IRA rollover to Roth IRA
Replies: 10
Views: 626

Re: Nondeductible IRA rollover to Roth IRA

If you go with option 1, you can still recharacterize....but why do it that way? Just go ahead and do the back door and convert now. Note, that cannot be recharacterized. Some worry that the market will go down and you will have paid taxes on more money than you have at the end of the year. No big ...
by Wakefield1
Mon Jan 01, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid state income tax on Roth IRA contribution?
Replies: 16
Views: 1691

Re: Avoid state income tax on Roth IRA contribution?

In the State of Virginia you pay income tax on your Roth Conversion of deductible IRA funds or your current year contribution to Roth IRA As far as I know withdrawals of Roth IRA funds in good order (account open 5 years or more,you are old enough) are free of State taxation as well as Federal taxat...
by Wakefield1
Mon Jan 01, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

Does anyone remember Arlington Trust or Clarendon Trust? I think they were part of "Financial General Bankshares"? Became "First American Bank" then got closed down because of some kind of association with or being bought out by a Middle Eastern bank? I think the Middle Eastern bank was called "BCCI...
by Wakefield1
Mon Jan 01, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated quarterly taxes, what is the process?
Replies: 10
Views: 1097

Re: Paying estimated quarterly taxes, what is the process?

There may be some "safe harbor" for being under withheld and/or not having paid all of the Estimated Tax owed at filing time for such circumstances as having paid at least as much as the previous year's total tax bill. Or owing less than $1000. State might be different.
by Wakefield1
Mon Jan 01, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated quarterly taxes, what is the process?
Replies: 10
Views: 1097

Re: Paying estimated quarterly taxes, what is the process?

You need to get IRS forms and probably forms from your State-I think the IRS form is "Form 1040 ES" I think the forms come in a packet of 4 or 5 for the tax year with the due dates on them and instructions-I think there are very specific instructions as to what to write on the check sent as payment ...
by Wakefield1
Sun Dec 31, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1570

Re: help me optimize new snow tires

Wow you're getting some odd advice that's all over the map. In fact everything depends on your driving habits/requirements and related issues like how long you're going to keep this van. Unless you have and are willing to spend lots of money. As in many cases lots of money answers all questions and...
by Wakefield1
Sat Dec 30, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 27
Views: 1836

Re: How did you guys do in 1966 - 1980?

Talk around my parents and friends was that "rich people" invest at Merrill Lynch or somewhere similar and that ordinary people couldn't afford it. The insurance man (whole life) used to come around a couple times a year. (circa 1960) In the 1970s however an older fairly well off retiree told me tha...
by Wakefield1
Sat Dec 30, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

I understand that Armstrong Tool's factory got closed down but did the business go out? They used to build stuff for Sears/Craftsman brand as well as their own brand Was Armstrong Products of Huntington West Virginia (made space heaters and appliances) (factory got torn down several years ago and re...
by Wakefield1
Sat Dec 30, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

Wasn't the Blackstone financial colossus founded by an ejected principal of Lehman Brothers?
by Wakefield1
Sat Dec 30, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

Pennsylvania Railroad/Penn Central
Erie Lackawanna
Packard :(
Tecumseh Engines (did the part of the business that made refrigeration compressors go under also?)
Clinton Engines
Eastern Airlines
Braniff
Pan Am (took a couple others down too)
by Wakefield1
Fri Dec 29, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: will VG allow me to open additional accounts?
Replies: 3
Views: 456

Re: will VG allow me to open additional accounts?

I certainly have multiple mutual funds within a Vanguard account I can add an additional mutual fund to my smorgasbord should I so desire. I can move funds from one mutual fund to another(might generate additional work on my tax return),use "Invest by Mail" slips that are specific for each mutual fu...
by Wakefield1
Fri Dec 29, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Is Roth IRA conversion easy with Vanguard?
Replies: 26
Views: 1818

Re: Is Roth IRA conversion easy with Vanguard?

Just remember that you may need to send in an Estimated Tax payment to the State along with their official form (as well as to U.S. Treasury per IRS Estimated Tax form)
there may be some other ways to pay the tax or maybe have extra money withheld
by Wakefield1
Thu Dec 28, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6832

Re: Can I afford a $600-650k house?

OT - don't move to the DC area, it's hell. Don't move to Nova, it's Satan's bunghole. The only compelling reason to live there is if you have a job you can only do there (forensic accountancy or similar). Too many people, not enough ways for them to get around. Unfortunately as someone who has been...
by Wakefield1
Wed Dec 27, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 64
Views: 6248

Re: Do any of you follow Bob Brinker?

People may get lucky,but I think the expert who says it best about market timing is named Bogle. Luck often runs out I think Brinker did at least acknowledge the need for conservative investors or investors who had already achieved "critical mass" to keep asset allocations that didn't expose them to...
by Wakefield1
Tue Dec 26, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 4903

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

Whether they are articulate and lucid or not is very important. If so they should be consulted as for what to do. If it is up to you completely for the decision and management of the timely responsibilities I would think simplification and reduction of demands on your time and attention would be a h...
by Wakefield1
Sun Dec 24, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 4909

Re: how to "know" what asset allocation is right? (crypto windfall)

3funder wrote:
Sun Dec 24, 2017 5:46 pm
1) Thank God
2) 50/50 AA
The O.P. can afford to be very conservative with the windfall. Perhaps even more than 50% into bonds/bond funds/cash/inflation protected securities
Bob Brinker's Protect your "Critical Mass"?
Learn about tax exempt municipal funds and such?
by Wakefield1
Sun Dec 24, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 4729

Re: Bitcoin: food for thought

Poor little tulips: if you had a few bulbs of a newly created variety (grown from seedling that resulted from a lucky hybridization cross) and could successfully patent them and get the patent enforced,you could potentially make a lot of money licensing growers to vegitatively propagate them and sel...
by Wakefield1
Sun Dec 24, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Using lumens to buy light fixtures
Replies: 26
Views: 2067

Re: Using lumens to buy light fixtures

It is amazing that hotter color lights are said to be "cool" and lower temperature lights are said to be "warm" (Compare color as seen through 7 x 50 binoculars of the stars Betelgeuse vs. Rigel in constellation Orion) although strictly the color temperature spectra mostly apply to incandescents whi...
by Wakefield1
Sat Dec 23, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 4729

Re: Bitcoin: food for thought

I suppose Bitcoin is some sort of game (as defined in mathematical theory) played between people exchanging their money with each other through the "exchanges" or played with an "exchange" as opponent If some of the Bitcoin "disappeared" then who got the money? Could Bitcoin be made "peer to peer"? ...
by Wakefield1
Sat Dec 23, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7267

Re: Are Roth IRAs overrated?

The Heartbreak of RMDs
I think Roth IRAs are Underrated.
by Wakefield1
Thu Dec 21, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Electric Energy Usage
Replies: 86
Views: 5375

Re: Electric Energy Usage

Would an air to air heat exchanger have any potential for saving energy or heat in a case of needing to have air exchange such as replacing the air lost as exhaust from a dryer or even the draft air up the flue from a furnace? (Lost air causes air from outside the house to come in somewhere) if the ...
by Wakefield1
Thu Dec 21, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: How much to covert to Roth?
Replies: 27
Views: 2394

Re: How much to covert to Roth?

Need to get accurate up to date information for the coming 2017 return filing tax bracket amounts , standard deduction and personal exemption amounts? Are these changing from last years'? "zero bracket amount" then taxable brackets? Will these change for 2017 filing if the President signs the new la...
by Wakefield1
Wed Dec 20, 2017 9:07 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 6886

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

I acknowledge that I don't know much about the technology. But isn't bitcoin a dream come true for large scale criminal enterprises (human trafficking, drugs, weapons dealing, etc.) and terrorists that need untraceable funds? If someone is buying into Bitcoin, couldn't they be unknowingly financing...
by Wakefield1
Wed Dec 20, 2017 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Health Care Fund Admiral Shares........
Replies: 4
Views: 617

Re: Vanguard Health Care Fund Admiral Shares........

Check to see if there is a distribution in limbo-cap gain or dividend? Although I thought it did something Dec.18 thu Dec.19
also see "[Why did my fund suddenly drop in value]?" in "Investing-Theory,News & General"
by Wakefield1
Wed Dec 20, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: Electric Energy Usage
Replies: 86
Views: 5375

Re: Electric Energy Usage

adamthesmythe wrote:
Sat Dec 16, 2017 12:50 pm
Heat pump and Pennsylvania don't go together.

Propane? Oil?
:idea: :idea: :idea: :idea: :idea: :idea: :idea:
by Wakefield1
Wed Dec 20, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin
Replies: 74
Views: 6886

Re: Quite a few people I know in real life that normally don't mess with finances have brought up investing in bitcoin

I am afraid that this will not end well for most of the "investors".
As to investing vs. speculation remember Mr. Bogle's lectures about stock valuation,which I believe he said contain a speculative element. Not the same as something whose only valuation component is speculative.
by Wakefield1
Tue Dec 19, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 204
Views: 111023

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

VWIAX (Wellesly admiral) "dropped" about 2% today. It is in my Roth with dividend to be reinvested. It should all show up in the next 2-3 days. About 11:00 AM Dec. 19-the money has reappeared overnight after disappeared yesterday I guess if you tried to sell or exchange during the phantom period yo...
by Wakefield1
Sun Dec 17, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Am I wrong in thinking about the bull this way?
Replies: 12
Views: 2215

Re: Am I wrong in thinking about the bull this way?

Sophisticated investors might look down at this but I am somewhat focused on dividends-if the dividends are tending to increase over time I feel O.K. even if there are paper unrealized losses due to valuation drop if not too large-did valuation just retreat to where it was a few months back or did i...
by Wakefield1
Sun Dec 17, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 30915

Re: Ally 11 month CD with no penalty vs regular high yield saving account

The walk in banking Arlington Community Federal Credit Union has no penalty 15 month certificates but at 1.15% APY (regular ones are 1.25% APY) but the savings rates are only .1% to .4% tiers depending on the balance (rates may depend on having a total of all accounts of at least $75,000.) I suppose...