Search found 32 matches

by DoubleR
Fri Aug 28, 2020 3:35 pm
Forum: Investing - Theory, News & General
Topic: Can we talk about the future of oil?
Replies: 72
Views: 5157

Re: Can we talk about the future of oil?

solar on every house rooftop, improved battery storage or pumping of water uphill with excess power, and natural gas peaker plants + hydro for sun don't shine and wind don't blow. This the way. I agree with that....the simple cycle gas plants will be needed at night and higher demand days. Once the...
by DoubleR
Fri Aug 28, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: Can we talk about the future of oil?
Replies: 72
Views: 5157

Re: Can we talk about the future of oil?

AZAttorney11 wrote: Fri Aug 28, 2020 2:11 pm
DoubleR wrote: Fri Aug 28, 2020 1:44 pmUtilties love solar and wind because its free fuel and you dont need many employees....its a win/win for them. Im sure Solar will get better and better.
That's not even remotely accurate.
Which part is not accurate?
by DoubleR
Fri Aug 28, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: Can we talk about the future of oil?
Replies: 72
Views: 5157

Re: Can we talk about the future of oil?

Cutting down several hundred acres of land to put up solar panels is destroying it in my mind. Areas without crops or trees like the desert I can see Solar going up there. Around here....they cut down trees. I have 2 within 10 miles of my house that took up 1,500-1,700 acres of farms and timberland ...
by DoubleR
Fri Aug 28, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: Can we talk about the future of oil?
Replies: 72
Views: 5157

Re: Can we talk about the future of oil?

Perhaps oil itself will see a very slight decline, but fossil fuels will not. Where do you think EV charging energy comes from? I guess the answer depends where you live, but it's likely either coal or natural gas. There is hydro, PV and wind, which are a small part, but burning dinosaurs will stil...
by DoubleR
Thu Aug 27, 2020 8:46 pm
Forum: Personal Consumer Issues
Topic: charging an EV
Replies: 250
Views: 15911

Re: charging an EV

You have all these countries in the world with hardly any regulations about what they omit to the atmosphere and people having to wear masks in the streets in some of those places the pollution is so bad, but a few Tesla's will make all the difference..👌
by DoubleR
Thu Aug 27, 2020 7:16 pm
Forum: Investing - Theory, News & General
Topic: Can we talk about the future of oil?
Replies: 72
Views: 5157

Re: Can we talk about the future of oil?

Perhaps oil itself will see a very slight decline, but fossil fuels will not. Where do you think EV charging energy comes from? I guess the answer depends where you live, but it's likely either coal or natural gas. There is hydro, PV and wind, which are a small part, but burning dinosaurs will stil...
by DoubleR
Mon Aug 17, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564521

Re: Share your net worth progression

After reading thru these posts I have come to the conclusion that I need to save more...😀

Probably wrong but I haven't tracked my net worth just my 401k for the last few years. Really didnt start saving alot (besides my 401k) until about 5yrs ago. I have a taxable account and a Roth IRA now though.
by DoubleR
Mon Aug 03, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property investing and #'s explained (why real estate can be a great investment)
Replies: 138
Views: 9368

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

I've thought about buying a rental, but in my area rent is low and I havent found a property at a good deal.
If I can only rent out a house for $600-800 a month its not worth the hassle by the time I add taxes,insurance and maintenance.
by DoubleR
Sat Jun 22, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 99
Views: 16127

Re: Moving to North Carolina from NYC

Don't move! You won't like it. It's a horrible place. We, native Tar Heels, are all a bunch of backwoods hillbillies and will frustrate you in every endeavor. We can't drive. We talk too slow. We think the apocalypse is upon us when it threatens snow. The weather is unbearable and you can rarely en...
by DoubleR
Sat Jun 22, 2019 7:45 pm
Forum: Personal Consumer Issues
Topic: Do you Casino? What do you play? Have you won?
Replies: 82
Views: 6740

Re: Do you Casino? What do you play? Have you won?

There are two reasons to step foot in a casino: 1) You're paying for the entertainment value. You are aware of the odds and the likelihood that you lose your bankroll, but it's worth it to you for the fun you have. And, losing your bankroll doesn't impact your financial picture. 2) You have an adva...
by DoubleR
Wed Jun 12, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 8320

Re: 50 or 75 gallon water heater?

We went with a tankless and wish I had earlier. If I remember right mine was $2k installed.
Install isn't hard though it uses a different regulator than other gas appliances so it will need it's own individual line or tie in upstream of the other appliances.
by DoubleR
Mon Feb 04, 2019 8:15 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3834

Re: Besides your core.. anyone also hold a play account?

Yes I have a brokerage account. I know it not the boglehead way, but I enjoy trading stocks eventhough its a small account.
by DoubleR
Sun Jan 20, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Myrtle Beach Restaurants
Replies: 15
Views: 1276

Re: Myrtle Beach Restaurants

Simply Southern Smokehouse was just ok for me. Not bad at all but not as good as I was expecting. Carolina Roadhouse was pretty good....need to make a reservation there if you can. We always hit one of the big buffett joints when were there, normally Benjamins Original Calabash. It's expensive but h...
by DoubleR
Sun Jul 01, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: What is your one favorite Fidelity Fund??
Replies: 93
Views: 16574

Re: What is your one favorite Fidelity Fund??

Fidelity Contra Fund. It has been one of my largest holdings for 25 years. I have sold off everything else and moved into index ETFs but my capital gain in Fido kills me every time I sell some. Last time I sold some I had to pay AMT and that 2.x% medicare tax. Contra is one of the only mutual funds...
by DoubleR
Mon Jun 25, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: Water leak when it rains - older Camry
Replies: 26
Views: 3265

Re: Water leak when it rains - older Camry

Another thought: Do you have a sunroof? They've engineered sunroofs such that when they leak, the water drains out through tubes to the underside of the car rather than into the car. Sometimes those drain tubes get clogged, and the water ends up in unexpected places. Willing to bet thats your probl...
by DoubleR
Sat Jun 02, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: Energy Industry [looking for website to discuss]
Replies: 23
Views: 2140

Re: Energy Industry

I work at a Natural Gas power plant and have seen big changes as well.
by DoubleR
Mon May 28, 2018 6:00 pm
Forum: Personal Investments
Topic: CD question
Replies: 5
Views: 802

Re: CD question

I dont know why I didn't look, but I found a CD calculator on the net....lol. I ran the numbers on that and can see the difference now.

Thanks for the replies.
by DoubleR
Mon May 28, 2018 5:22 pm
Forum: Personal Investments
Topic: CD question
Replies: 5
Views: 802

CD question

I was looking at cd rates and had a question. If the interest rate is 1.75% for a 3 month cd and 2.2% for a 1yr cd wouldn't you be better off investing in the 3 month cd and just keep rolling it over every 4 months? I have never bought a cd so there has to be some kind of catch that I dont know about.
by DoubleR
Sun May 27, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 110
Views: 32700

Re: Water Heater Install $1,800!

Its been a few years since I replaced our hot water heater but I want to say I paid about $400 and then like $50 for new fittings.
I am by no means a real mechanical guy but installing a new hot water heater is about as simple as it gets.
by DoubleR
Wed Feb 21, 2018 9:01 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 6
Views: 857

Re: Taxable account

I have some extra cash I'm thinking of putting in a taxable account and just taking my time and trying to learn more before I start.

Thanks for the replies everyone!
by DoubleR
Wed Feb 21, 2018 7:44 pm
Forum: Personal Investments
Topic: Taxable account
Replies: 6
Views: 857

Taxable account

Forgive me in advance for my ignorance... :happy #1. If I open a taxable account and then decide to pull my intial ammount out do I have to pay any penalty or tax? I would assume you only pay tax on whatever you make not the amount you put in. #2. Do you pay taxes at the end of the year if you have ...
by DoubleR
Tue Feb 13, 2018 1:52 pm
Forum: Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 15933

Re: Did you learn anything from the market correction?

I learned that the media acts as if it wants the market to crash.....well that part I already knew.

I need to adjust my AA also.
by DoubleR
Mon Dec 18, 2017 8:58 pm
Forum: Personal Investments
Topic: Fidelity (FOCPX)..too good to be true?
Replies: 13
Views: 4200

Re: Fidelity (FOCPX)..too good to be true?

When I started my 401k at work I chose that fund and after awhile I stopped putting money in it and switched over to a index fund, but I still have about 160 shares that I just let ride.
It has done well that last few years, but so has just about everything else..😉
by DoubleR
Sat Aug 05, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1367
Views: 184051

Re: A poll: How much money do you want to retire?

I only know a handful of people that are retired right now and NONE of them have a million bucks and are living just fine. I live in a small town in NC so I guess that may have something to do with it and all of them are debt free,that I know of anyway. If everything is paid for do you really need 2...
by DoubleR
Tue Aug 01, 2017 8:04 pm
Forum: Personal Investments
Topic: 100K milestone - Thank you BH!
Replies: 15
Views: 2778

Re: 100K milestone - Thank you BH!

Congrats!
by DoubleR
Sat Jul 22, 2017 7:07 pm
Forum: Personal Investments
Topic: Roth 401k
Replies: 3
Views: 525

Re: Roth 401k

Thanks for the replies!
by DoubleR
Sat Jul 22, 2017 1:01 pm
Forum: Personal Investments
Topic: Roth 401k
Replies: 3
Views: 525

Roth 401k

I have the option of investing in a Roth 401k at work, would it benefit me to switch over to that instead of my traditional 401k? (I know the money is tax free after 59.5 and 5yrs in). I could see where it would be great if I were in my 20's but I'm 42. I have nothing to write off on my income taxes...
by DoubleR
Wed Jul 19, 2017 7:51 pm
Forum: Personal Investments
Topic: How do I contribute to a traditional IRA, literally?
Replies: 15
Views: 1969

Re: How do I contribute to a traditional IRA, literally?

Edit......nevermind my question I found the answer I was looking for already in the thread.
by DoubleR
Wed Jul 19, 2017 12:00 pm
Forum: Personal Investments
Topic: Newbie 401k AA
Replies: 6
Views: 506

Re: Newbie 401k AA

Yes, I think it's best to completely get out of your current 3 funds and move everything into the index equity and bond fund. A 70/30 allocation sounds reasonable for your age. Is there a particular age you're hoping to retire by? Hopefully by 62. I should have mentioned it in my 1st post that than...
by DoubleR
Wed Jul 19, 2017 10:05 am
Forum: Personal Investments
Topic: Newbie 401k AA
Replies: 6
Views: 506

Re: Newbie 401k AA

Thanks for the quick replies. No I do not have any IRA's setup but I want to start a Roth in the near future. I do have 75k in my savings account as a Emergency Fund. Should I just get completely out of all 3 of my funds and start new with the index and bond fund mentioned, or just stop putting mone...
by DoubleR
Wed Jul 19, 2017 8:34 am
Forum: Personal Investments
Topic: Newbie 401k AA
Replies: 6
Views: 506

Newbie 401k AA

First time poster, this is a great site! Wondering if I could get some help with my 401k, when I first started working all I was told by fellow employees was invest as much as I could and dont touch it. Well I went years just not ever looking and never thought much about it truthfully, just assumed ...