Search found 293 matches

by Halicar
Fri Jul 31, 2020 7:04 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 121
Views: 5538

Re: Who is your favorite fiction author and what is your favorite book of theirs?

I am in my late 50s - is it too late for me to read and appreciate "Atlas Shrugged"? Probably. As I mentioned in the "books that changed your life" thread, that book is infamous for being beloved by teenagers. As a manifesto, it's certainly thought-provoking--especially to a young person--but as a ...
by Halicar
Sun Jul 26, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6099

Re: Everyone's a Day Trader Now (WSJ article)

one "may" be able to say it, but doing so makes one look dumb at worst, or manipulative at best, for clearly if what has been said is untrue, then why would you want to say untrue things? Speaking untruths, whether in being clever or not, says something about the speaker. Ask yourself if it's good ...
by Halicar
Sun Jul 26, 2020 8:48 am
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6099

Re: Everyone's a Day Trader Now (WSJ article)

This seems like a good time to bring up "The Legend of 1r0nyman" , the story of the r/wallstreetbets user who lost $60,000 on a $5,000 "risk free" investment on Robinhood. [Note--the language in the link is a bit crude by this forum's standards. The video is footage from the movie Ironman accompanie...
by Halicar
Sat Jul 25, 2020 9:15 am
Forum: Personal Consumer Issues
Topic: Costco’s Kirkland Signature as a free lunch
Replies: 9
Views: 1411

Re: Costco’s Kirkland Signature as a free lunch

Is any of this unique to Costco though? I thought all store brands and generics come from the same facilities as name brands. This author seems to be breathlessly stating the obvious.
by Halicar
Mon Jul 13, 2020 10:47 am
Forum: Personal Consumer Issues
Topic: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?
Replies: 195
Views: 15907

Re: Are 55+ Communities a Baby Boomer Thing Only? If so, who will buy when Boomers want to sell?

So far nobody asked--what is a 55+ community? I've heard it described as a place where old people tired of living in the real world go to die. It was true in the 60's and it's still true today. There's nothing great about the "real world." I'm not sure if you're being ironic or sincere, but now tha...
by Halicar
Fri Jul 10, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 121
Views: 5538

Re: Who is your favorite fiction author and what is your favorite book of theirs?

If I had to narrow it down, it would either be William Faulkner's As I Lay Dying or Vladimir Nabokov's Lolita. I think the two books are actually very similar in how they both tell horrific and repugnant stories in such a way that the reader doesn't really catch on, and so becomes complicit.
by Halicar
Fri Jul 03, 2020 6:33 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4509
Views: 1264098

Re: What Book Are You Currently Reading? Part VI

Classical Philosophy , the first volume of A History of Philosophy Without Any Gaps by Peter Adamson. This volume covers some familiar ground--from Thales to Aristotle--and I think if you've read Russell's (or any other) history of philosophy there isn't much new information. I'm mostly looking for...
by Halicar
Sun Jun 21, 2020 12:35 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 798
Views: 43810

Re: What are you listening to now

I've been listening to the Swedish metal (?) band Ghost, which is my guilty pleasure these days. I guess they're a fairly mysterious and polarizing band, because nobody can quite figure them out. Their overall aesthetic is extreme, and based on their appearance and lyrics, you'd think they were a do...
by Halicar
Fri Jun 19, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Signature strip on credit card
Replies: 73
Views: 5592

Re: Signature strip on credit card

why did they ever bother with having a signature strip on the card in the first place? I'm pretty sure that's just to show that you accept the terms and conditions of the credit card agreement. Although I've noticed that cards no longer even say "not valid unless signed" on them. The notion that si...
by Halicar
Wed Jun 17, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 105
Views: 11105

Re: Should I sell my stash of dental floss now worth $3,000?

As your stash diminishes, you're going to have to decide whether certain teeth are "floss-worthy" a la Elaine from Seinfeld. :D
by Halicar
Tue Jun 16, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 190
Views: 24936

Re: [Marcus Savings Account - Interest rate is now 1.7%]

Just got the email saying that the rate is now 1.05%. This is the first time I've seen Marcus go lower than Ally (just dropped to 1.10%). The race to the bottom is on. I keep my emergency fund parked at Marcus, but I think it might make more sense just to move it back to Fidelity seeing how noncomp...
by Halicar
Tue Jun 16, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 776
Views: 102064

Re: Best CD rates thread

For those of you that have traditionally done CD ladders at a single financial institution, how are you doing so now in this low yield environment? Are you spreading the love across multiple financial institutions? Or opting for simplicity and just taking what you can get? I've spent the last hour ...
by Halicar
Fri Jun 05, 2020 12:20 pm
Forum: Personal Investments
Topic: Pay off student loans or delay?
Replies: 12
Views: 700

Re: Pay off student loans or delay?

If you've been able to pay down almost 100k in 18 months, that tells me your income is rather high and that the money you will make by arbitraging interest rates is pocket change. Pay them off and be done.
by Halicar
Fri Jun 05, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7308
Views: 596639

Re: U.S. stocks continue to soar!

fatcoffeedrinker wrote:
Fri Jun 05, 2020 10:35 am
I am now positive YTD! Up 10%+ YTD using Beardstown math. WOW!
lol at "Beardstown math." I'm up 18% YTD using that method and now I'm wondering if that's ever a legitimate measure. Maybe a simplified way to track performance year over year if your contributions are consistent?
by Halicar
Thu Jun 04, 2020 12:00 pm
Forum: Personal Consumer Issues
Topic: Where to buy weight plates for home gym?
Replies: 20
Views: 1292

Re: Where to buy weight plates for home gym?

I’m a big fan of Rogue Echo Bumper Plates, not cheap - but more than a fair price considering shipping is included if you buy a set. A lot of people like plates from Titan Fitness. I don’t have any experience with their plates. But I’ve bought plenty of equipment from them - most of it is budget fr...
by Halicar
Tue Jun 02, 2020 8:40 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8103

Re: Does every one here only have 3 funds in their portfolios?

I have four. (or maybe five...or six, depending on how you count them) Roth IRA: VTSAX (Total Stock) VBTLX (Total Bond) VTIAX (Total International Stock) VTABX (Total International Bond) 401(k): VASGX (LifeStrategy Growth)--comprised of the four funds above Taxable: VFIAX (S&P 500 Index)--basically ...
by Halicar
Fri May 29, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19464
Views: 2695672

Re: U.S. stocks in free fall

Calendar is marked for a May 25 re-start of the meltdown. Three weeks from today. It looks like we’ve dodged the meltdown bullet for now. Do you have updated guidance as to when the meltdown will start? :D Tomorrow. Just off by a few days is all. I guess you need to update your update.
by Halicar
Wed May 27, 2020 11:24 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 6333

Re: What will you NOT buy online?

meat, raw Some of the best steaks I have ever had were ordered online. Much of the meat (if not all) shipped by Amazon Fresh is vacuum packed. This thread is reminding me of the "Tuscan Whole Milk" phenomenon on Amazon, and how it wasn't very long ago that buying groceries online was considered by ...
by Halicar
Wed May 27, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 6333

Re: What will you NOT buy online?

DetroitPresley wrote:
Mon May 25, 2020 11:26 am
Couch. Your butt will thank you.
Your mileage may vary, but I bought a couch from IKEA online--one they don't sell in stores--and my butt and I are very happy with it.
by Halicar
Tue May 26, 2020 7:15 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 798
Views: 43810

Re: What are you listening to now

https://www.youtube.com/watch?v=M4Tena0NvUM Soilwork-The Living Infinite Coincidentally, I clicked this thread to say that I've been listening to Opeth's latest album In Cauda Venenum and saw your username as the latest post. It didn't really grab my attention when it first came out and I've been t...
by Halicar
Sat May 23, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7829

Re: Examples of why NOT to hold individual stocks

A few years ago when I knew next to nothing about investing, I thought I'd try my hand at stock picking. I decided that to balance out my "risky" picks, I would also hold a "safe" pick that was sure to go up slowly but steadily. For that I chose 3M, thinking I couldn't go wrong. Needless to say, my ...
by Halicar
Fri May 22, 2020 7:00 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 53158

Re: How Is Your Job Being Impacted By The Current Crisis?

Thankfully, not at all. I work in manufacturing and there hasn't even been a slight dip in our production.
by Halicar
Thu May 21, 2020 7:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7308
Views: 596639

Re: U.S. stocks continue to soar!

Unemployment numbers approaching Great Depression numbers and S&P at 3000 :beer I learned last week from David Stein's Money for the Rest of Us podcast that S&P 500 firms only employ 17% of the U.S. workforce. That means that the entire publicly traded stock market (i.e. total stock market) covers ...
by Halicar
Tue May 19, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5853

Re: Social Security is an asset....yet again

My two cents: Saying "Social Security is an asset" is a bit like saying "A corporation is a person." It's not literally true (or maybe it is, but that's a whole other argument...) but it's a handy way of describing how a company can own property, be bound by contracts, be sued in court, etc. Likewis...
by Halicar
Tue May 19, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4852

Re: How did you determine your target savings rate?

OP, 1) I determined my saving rate based on my annual expense. Not on income. 2) I save 1 year of my current annual expense every year. KlangFool Doesn't that imply that you save 50% of your income? rbaldini, What is income? Gross? Net? In my formula, Gross income = Taxes + Savings + Annual Expense...
by Halicar
Tue May 19, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4852

Re: How did you determine your target savings rate?

OP, 1) I determined my saving rate based on my annual expense. Not on income. 2) I save 1 year of my current annual expense every year. KlangFool Doesn't that imply that you save 50% of your income? rbaldini, What is income? Gross? Net? In my formula, Gross income = Taxes + Savings + Annual Expense...
by Halicar
Mon May 18, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4852

Re: How did you determine your target savings rate?

I went with 50% because it's a nice round number. That's probably too high for most people but I'm playing catch-up. I may even bump it up a bit next year.
by Halicar
Mon May 18, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Will cash be obsolete in a new digital world?
Replies: 20
Views: 1069

Re: Will cash be obsolete in a new digital world?

I am sure cash will go away eventually, but I'm not quite sure I see how this will happen unless the government sets a national standard, requires interoperability, declares some form of electronic payments to be legal tender, and the price of a suitable electronic payment device drops to the price...
by Halicar
Thu May 14, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 798
Views: 43810

Re: What are you listening to now

latesaver wrote:
Wed May 13, 2020 8:16 am
Tool's Lateralus album.

I completely missed this one when I was in college.
I know that's generally considered to be their best album, but 10,000 Days is my favorite. If you haven't heard it, I highly recommend it.
by Halicar
Thu May 14, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7611

Re: Does Delaying Social Security Deliver an 8% Return?

It seems like if this is really true, it would create a great arbitrage opportunity. Retiree turns 62--financial institution pays them each month what they would have gotten from SS, plus say 4%. Then if and when the retiree turns 70, they receive the higher SS payments and pay the financial instit...
by Halicar
Wed May 13, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7611

Re: Does Delaying Social Security Deliver an 8% Return?

It seems like if this is really true, it would create a great arbitrage opportunity. Retiree turns 62--financial institution pays them each month what they would have gotten from SS, plus say 4%. Then if and when the retiree turns 70, they receive the higher SS payments and pay the financial institu...
by Halicar
Thu May 07, 2020 5:00 pm
Forum: Investing - Theory, News & General
Topic: Introducing Schwab Stock Slices™ – Designed to Make Investing Easier and More Accessible
Replies: 44
Views: 5114

Re: Introducing Schwab Stock Slices™ – Designed to Make Investing Easier and More Accessible

nisiprius wrote:
Tue May 05, 2020 1:26 pm
Try saying "Schwab Stock Slices" ten times fast. I think it's even harder than "Wealthfront."
Not nearly as bad as "Fifth Third Bank," though. I can't even say that once slowly.
by Halicar
Thu May 07, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: [Investment strategy from this point forward]
Replies: 50
Views: 2175

Re: Coronavirus economy

Im simply asking for a short term strategy from now until we have a vaccine, for capitalizing on the businesses that will continue to do well in the coronavirus economy. ... There's nothing simple about what you're asking - nothing simple about short-term strategies; nothing simple about planning a...
by Halicar
Thu May 07, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: [Investment strategy from this point forward]
Replies: 50
Views: 2175

Re: [Investment strategy from this point forward]

Thanks Robot Monster. All these people posting on here are just clueless. Good to see Jim Cramer agrees. Individual stocks is the way to go, if you index then nasdaq is the way to go. I will be doing individual stocks. Im sure stock pickers right now will beat the pants off of indexers until we hav...
by Halicar
Thu May 07, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: [Investment strategy from this point forward]
Replies: 50
Views: 2175

Re: Coronavirus economy

If right now the market is not able to recognize "clear" winners and losers, why assume that it will in the future?
by Halicar
Mon May 04, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: Can I upload my vinyl collection to YouTube?
Replies: 3
Views: 381

Re: Can I upload my vinyl collection to YouTube?

Curious as to why are you going through this exercise? So I can hear them when I am on the go away from home. And to share some unique sounding pressings I have ( audiophile labels, direct to discs, Japanese etc.. ) I have all my vinyl rips saved on my OneDrive account and I can listen to them on m...
by Halicar
Sat May 02, 2020 2:24 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 798
Views: 43810

Re: What are you listening to now

The past few days I've been listening over and over to this performance of Tubular Bells, played by 600 musicians around the world in an online collaboration led by Pablo Abarca. https://www.youtube.com/watch?v=6fBhGvoG3tI Absolutely amazing.
by Halicar
Tue Apr 28, 2020 8:57 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 536
Views: 35936

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

This is a headline in the Wall Street Journal today (I don't have access, not a subscriber): Companies Are Suspending Dividends at Fastest Pace in Years Lead in sentence: Nearly 200 companies have cut, suspended or eliminated their dividend payments this year—the most since 2009. I won't paste the ...
by Halicar
Sun Apr 19, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: Neiman Marcus to file for bankruptcy
Replies: 67
Views: 6906

Re: Neiman Marcus to file for bankruptcy

Retail companies always go bankrupt, and people always act like it's a big deal. It's a constantly evolving sector. Someday, Target is going to go out of business, and old people will be saying "I can't believe this happened--I used to buy everything there!" while young people say "Huh? What's Targe...
by Halicar
Wed Apr 15, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 8943

Re: Why not buy mobile homes instead of overpriced traditional homes?

So... why aren't people buying mobile/manufactured homes instead? Please help me understand what I'm missing. Whenever this topic comes up, the terminology becomes an issue. There is a big difference between mobile homes (i.e., trailers) and other "manufactured homes" or prefab homes that are place...
by Halicar
Wed Apr 15, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 360
Views: 29123

Re: [Government stimulus payments]

Mine showed up pending this morning. My mother's also did (I have POA).

I'm still trying to decide what to do with it. One of my goals for 2020 is a 50% savings rate so I suppose I'll stick to that and spend half of it and save half.
by Halicar
Tue Apr 14, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7308
Views: 596639

Re: U.S. stocks continue to soar!

Oh my, noticed stocks soaring again, wondered what is happening?! Went to the news: 'World faces worst recession since Great Depression' https://www.bbc.co.uk/news/business-52273988 That's it then, makes total sense. Can relax now. Good day! Well, "soaring" is relative. VFIAX is still at -21% YTD
by Halicar
Sun Apr 12, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2015
Views: 215972

Re: [What TV Show Have You Recently Watched?]

I finished season 3 of Stranger Things on Netflix. Still good, but slightly disappointing compared to the first two seasons. The storyline seemed to be a rehash of season 2--with a bigger special effects budget--and didn't really advance the overall story at all. The episodes were well-plotted and e...
by Halicar
Sun Apr 12, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How often do you login and review your investment accounts?
Replies: 68
Views: 2597

Re: How often do you login and review your investment accounts?

I log into my 401(k) account weekly, to make sure my contribution was made--and since it's right there, I update the balance in my Excel workbook. My taxable account and Roth IRA update automatically using Excel's stock data function. I only contribute to my Roth once a year, and I haven't added to ...
by Halicar
Fri Apr 10, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Why do investors say stock picking is risky?
Replies: 79
Views: 4420

Re: Why do investors say stock picking is risky?

If investors were 90% low cost index funds and 10% companies they love (Disney, Google, Microsoft, Johnson & Johnson, to name a few)...how is that risky? I've heard from many investors that they would never consider holding even a single stock in their portfolio unless it was part of a fund. :? May...
by Halicar
Fri Apr 10, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Capital One QuickSilver credit card limit
Replies: 36
Views: 1901

Re: Capital One QuickSilver credit card limit

And I've been wondering why my limit is only $6750, when my other cards are 10-15k. My income is probably less than half yours and my credit score is about the same. I've had the card for about 10 years now.
by Halicar
Thu Apr 09, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a credit card? Which?
Replies: 21
Views: 1252

Re: Should I get a credit card? Which?

huskerfan1414 wrote:
Wed Apr 08, 2020 2:45 pm
Amazon Prime Card: We use amazon prime quite a bit.
This card gives you 5% cash back on Amazon purchases--a no-brainer in my opinion. Otherwise you're just leaving money on the table.
by Halicar
Thu Apr 09, 2020 11:08 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 56986

Re: How to get Toilet Paper ? seriously.

No need to get defensive. I'm not telling anyone not to use a bidet. I'm saying the hygienic 'superiority' of bidets over TP is unproven, and they are not for everyone. Not sure funding for a study is forthcoming any time soon but I humbly suggest the following experiment: A) Dip a hand in, say, mu...
by Halicar
Thu Apr 09, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4509
Views: 1264098

Re: What Book Are You Currently Reading? Part VI

I am reading the Expanse series. I am currently on book 6 of 9. I never heard of it until I saw the show being advertised. Then I was talking with a friend about my love of science fiction and it came highly recommended. I also find it very interesting and exciting. A fun read! I enjoy finding auth...