Search found 389 matches

by Murgatroyd
Tue May 26, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 139
Views: 11772

Re: Pandemic buys that have improved quality of life?

Even though I was shopping long before the pandemic, I bought a pellet smoker. RECTEC. Love it. Just in time for the meat shortage! :oops: I also bought the RecTec 590 smoker. I've had several high-end smokers over the last 30 years and this is, by far, the best and most convenient I've experienced...
by Murgatroyd
Mon May 25, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 139
Views: 11772

Re: Pandemic buys that have improved quality of life?

Even though I was shopping long before the pandemic, I bought a pellet smoker. RECTEC. Love it.

Just in time for the meat shortage! :oops:
by Murgatroyd
Sun May 24, 2020 12:25 pm
Forum: Personal Investments
Topic: Father's Trust: Simplify Morgan Stanley Portfolio?
Replies: 10
Views: 619

Re: Father's Trust: Simplify Morgan Stanley Portfolio?

I can imagine exactly what you’re seeing in that account. When FIL passed 4 years ago and we were shocked looking at his MS holdings. He had 3 SMA’s that lagged their benchmarks historically by far more than the fees. At this point, don’t do anything that might upset dad. “Blood is thicker than mud”
by Murgatroyd
Sat May 23, 2020 7:53 am
Forum: Personal Consumer Issues
Topic: Should I pay $1,600 for this lawn care fix?
Replies: 55
Views: 5094

Re: Should I pay $1,600 for this lawn care fix?

I wouldn't fix it until I knew what caused the lumpiness or it might just come back. Then, what would think about the money that was spent? gophers/moles??? (leave holes behind) animals rolling in the grass/dirt (leave low spots but no holes as they wipe off insects/debris or just itch) roots (leav...
by Murgatroyd
Sun May 17, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2912

Re: Leaving a Job Voluntarily during a pandemic?

No one has discussed how your company is doing. You do not say why the downsizing. Is it healthy, growing and looking for some “re-engineering”? Or is it shrinking. The other question is, is there new management? Growth trends produce the obvious answers. New management is more dicey, in which case ...
by Murgatroyd
Mon May 11, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5524

Re: At what moment does retirement begin?

The moment you truly feel free from the BS
by Murgatroyd
Sat May 09, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is my CPA overcharging me?
Replies: 24
Views: 3148

Re: Is my CPA overcharging me?

I’ll tell you what’s really tacky. I was using my mothers attorney to settle her estate. He made a material error which I caught. Then he billed me for the time to read my email regarding his error AND the time to fix it.
by Murgatroyd
Thu May 07, 2020 9:34 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4789

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

Sometimes the blockage is too far for consumer use mechanical tools. I have found Natures Soldiers works well, but you have to be patient. It’s also good for the septic system, which we have.

https://naturessoldiers.com/
by Murgatroyd
Wed May 06, 2020 8:18 pm
Forum: Personal Investments
Topic: Fidelity brokerage account
Replies: 7
Views: 576

Re: Fidelity brokerage account

Your CMA required a brokerage account so you already have one. Buy some ETFs! Like VTI or ITOT. AGG, ITOT and IXUS are my jam. :sharebeer There is a Fidelity ad airing now that shows some more advanced researching features in their brokerage accounts, so that's what I was interested in viewing. I m...
by Murgatroyd
Wed May 06, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16242

Re: Neighbor’s contractor wants to access our property

OP, I live near you and have a lifelong friend who is a real estate lawyer for 40 years. He is not expensive and could respond quickly. PM me if you want his contact information.
by Murgatroyd
Sat May 02, 2020 7:31 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16242

Re: Neighbor’s contractor wants to access our property

At some point you will need a lawyer to send a warning letter to both parties that you will hold each of them liable for any trespassing or damage to your property.
by Murgatroyd
Sat May 02, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16242

Re: Neighbor’s contractor wants to access our property

Might it make sense to call the appropriate zoning committee or building inspector for advice? Given all the good advice above you could be looking at hundreds of expense with a lawyer.
by Murgatroyd
Thu Apr 30, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Will / Trust Question- Home Sale Issue. I need help.
Replies: 31
Views: 1307

Re: Will / Trust Question- Home Sale Issue. I need help.

The interesting family dynamic is line of succession. It appears the aunt has no heirs. So when she and your mother pass all the remaining funds accrue to your family. Even though your mother seems to be on board and driving the discussion, could it just be she is being pressured hard by auntie? May...
by Murgatroyd
Wed Apr 29, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13273

Re: ??? @Thomas Stanley - Stop Acting Rich book

In his research, did Stanley explicitly correct for those effects? No, he doesn't correct for it. He simply totals up the number of "high-income" people and "high-wealth" people. Also, remember the data is based on his own surveys. Only 1,594 people responded and only 944 of them were millionaires....
by Murgatroyd
Mon Apr 27, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: Supermarket share prices
Replies: 4
Views: 614

Re: Supermarket share prices

Need to be careful with UK grocery. They’ve expanded gross margins over the past 20 years by aggressively growing private label to 50,60% of sales. Not much more room to grow that. Couple that with the inability to control margins in exclusive territory due to the limited geography available, you ha...
by Murgatroyd
Fri Apr 24, 2020 6:38 pm
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: 35605

Re: Question about “living on dividends & never touching principal”

So my question to you reflects my experience. I recognized your comments. I cannot know how other dividend aristocrats operate but my limited experience says there can be stark differences that likely propel them to that status. There is a wisdom and conservatism in the way I saw one company operat...
by Murgatroyd
Fri Apr 24, 2020 10:47 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: 35605

Re: Question about “living on dividends & never touching principal”

Alex, just curious, have you worked for a “dividend aristocrat company”? Or just companies that declare dividends? Financial Services, so no. We have a high payouts both in dividends and buybacks but we keep having crisis. I have worked a fair amount on the other side, analyzing dividends that othe...
by Murgatroyd
Fri Apr 24, 2020 8:54 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: 35605

Re: Question about “living on dividends & never touching principal”

What if the company decides not to send you a paycheck? Reinvest into new projects like Berkshire Hathway or Alphabet? Or they chose to do a stock buyback instead? Or what if a company decides to pay out a nice fat one-time-only special dividend? Or sell the company for cash? You are describing uns...
by Murgatroyd
Mon Apr 20, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: Type of Lawyer needed or advice
Replies: 29
Views: 2413

Re: Type of Lawyer needed or advice

Sounds like you’re going to be living with the trailer next door.

Might as well plant some pine trees now so you don’t have to look at it forever.
by Murgatroyd
Sat Apr 18, 2020 8:14 am
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 66
Views: 5627

Re: Disappointed with Vanguard service. Better options?

The unspoken message is when things are complicated it’s far easier to navigate sitting across a desk from another human. Particularly when there are sequential steps required.

Regards,
by Murgatroyd
Thu Apr 16, 2020 1:14 pm
Forum: Personal Investments
Topic: Switched employers--what do I do with retirement accounts?
Replies: 17
Views: 968

Re: Switched employers--what do I do with retirement accounts?

yohac wrote:
Thu Apr 16, 2020 5:36 am
Having experience with both, I would never ever move money from Fidelity to Principal.
This in spades. And the Principal website is an abomination.
by Murgatroyd
Wed Apr 15, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How long for executive to get up to speed?
Replies: 28
Views: 3055

Re: How long for executive to get up to speed?

OP, a few quick thoughts and for background I am recently retired from the C-Suite (C-level at my last few firms): 1) 90 day plan: As mentioned in several posts above...Absolutely vital to have this. You should have enough info from the interview process and initial discussions with your boss and o...
by Murgatroyd
Mon Apr 13, 2020 1:13 pm
Forum: Personal Consumer Issues
Topic: Help Fix My Lawn!
Replies: 31
Views: 2388

Re: Help Fix My Lawn!

All you need to do is follow this monthly checklist link for expert advice from the Chicago Botanical Garden.

https://www.chicagobotanic.org/plantinfo/checklist
by Murgatroyd
Sat Apr 11, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: No news from Vanguard on RMD changes?
Replies: 31
Views: 2666

Re: No news from Vanguard on RMD changes?

Received an email from Fidelity yesterday informing the option to forego our RMD’s is available for this year with instructions on how to do it online. Well, that is interesting, because I did not get an email from them. Shortly after the waiver was announced, I went to Fidelity website under the R...
by Murgatroyd
Thu Apr 09, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: No news from Vanguard on RMD changes?
Replies: 31
Views: 2666

Re: No news from Vanguard on RMD changes?

Received an email from Fidelity yesterday informing the option to forego our RMD’s is available for this year with instructions on how to do it online. Well, that is interesting, because I did not get an email from them. Shortly after the waiver was announced, I went to Fidelity website under the R...
by Murgatroyd
Wed Apr 08, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: No news from Vanguard on RMD changes?
Replies: 31
Views: 2666

Re: No news from Vanguard on RMD changes?

afan wrote:
Sat Apr 04, 2020 8:40 am


Has anyone received tax advice from Vanguard, Schwab, Fidelity?
Received an email from Fidelity yesterday informing the option to forego our RMD’s is available for this year with instructions on how to do it online.
by Murgatroyd
Wed Apr 08, 2020 4:07 pm
Forum: Personal Investments
Topic: Move Vanguard funds to Fidelity?
Replies: 20
Views: 1243

Re: Move Vanguard funds to Fidelity?

Jack FFR1846 - Thank you for the warning as I too, am very leery of Fidelity’s “help”. This was all in the context of using their online planning tool and looking at all of my financial assets including those not held at Fidelity. In addition to the asset info they also would need my annual income ...
by Murgatroyd
Tue Apr 07, 2020 1:11 pm
Forum: Investing - Theory, News & General
Topic: A tale of SEC yield
Replies: 64
Views: 4187

Re: A tale of SEC yield

Probably the just the mix of individual holdings. Could be the highest yielding bonds (junk) were destroyed in the downturn thus really hiking their yields, versus higher rated and lower yielding bonds holding or gaining in price. So you get this odd blend of stats.
by Murgatroyd
Tue Apr 07, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Another college choice question
Replies: 28
Views: 1558

Re: Another college choice question

Hard to turn down a strong offer. However, as a counterpoint, I worked at a major corporation in Dallas for 10 years. I can’t say I ever heard much about UTD. It seems to be viewed as a stepchild school. Just being honest. That doesn’t mean its graduates don’t find good jobs. My advice is to get inf...
by Murgatroyd
Mon Apr 06, 2020 11:37 am
Forum: Personal Consumer Issues
Topic: good books on lawn care for beginners?
Replies: 25
Views: 1467

Re: good books on lawn care for beginners?

I second looking at the lawn forum https://thelawnforum.com/ Another excellent source is IF you have a major botanical garden or arboretum in your town they are likely to have an informative website. Here in Chicagoland we have two such organizations. One of them has an excellent month by month guid...
by Murgatroyd
Fri Apr 03, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: No news from Vanguard on RMD changes?
Replies: 31
Views: 2666

Re: No news from Vanguard on RMD changes?

Haven’t heard anything from Fidelity either. Probably making certain they have their ducks in a row.
by Murgatroyd
Thu Apr 02, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: bogleheading my car, opinions please. From a Tesla to a Honda
Replies: 84
Views: 5389

Re: bogleheading my car, opinions please. From a Tesla to a Honda

If you do this it’ll be fine for awhile. Then you’ll want another luxury car. That is, If you bought the Tesla for any other reason than status. I don't know anyone who bought a Tesla because it's a luxury car. In fact, the interior is nothing to write home about even in the more expensive models. ...
by Murgatroyd
Thu Apr 02, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: bogleheading my car, opinions please. From a Tesla to a Honda
Replies: 84
Views: 5389

Re: bogleheading my car, opinions please. From a Tesla to a Honda

If you do this it’ll be fine for awhile. Then you’ll want another luxury car. That is, If you bought the Tesla for any other reason than status.
by Murgatroyd
Sun Mar 29, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: How Much Return Is Needed To Recover A Stock Market Loss?
Replies: 35
Views: 3215

Re: How Much Return Is Needed To Recover A Stock Market Loss?

I saw that math very early in my investment life and it SCARED me into being conservative.
by Murgatroyd
Sat Mar 28, 2020 3:41 pm
Forum: Personal Investments
Topic: Share what worked in your plan during the crisis
Replies: 103
Views: 6964

Re: Share what worked in your plan during the crisis

Living below your means is the all weather strategy.
by Murgatroyd
Fri Mar 27, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation (Gas + SP)
Replies: 48
Views: 1559

Re: Lawnmower recommendation (Gas + SP)

I’ve owned 2 Toro mowers. The first one lasted 24 years with minimal maintenance. Oil change and blade sharpening every 4 years and I had to replace the wheels because they became bald. Still own #2 at 12 years old. On the top of it is a sticker that says “guaranteed to start in two pulls” - still t...
by Murgatroyd
Thu Mar 26, 2020 12:46 pm
Forum: Personal Investments
Topic: What does it mean to have X years of expenses in cash/fixed-income?
Replies: 54
Views: 2403

Re: What does it mean to have X years of expenses in cash/fixed-income?

Unsaid in the discussion above is the interest and dividend effect of a large “fixed” allotment. It replenishes itself rather quickly. Our example, three years into early retirement living off of investments only. Our fixed assets have been contributing about 45% of our annual spending. So we are no...
by Murgatroyd
Wed Mar 25, 2020 8:37 am
Forum: Personal Consumer Issues
Topic: Contractor Pricing During Pandemic
Replies: 22
Views: 2809

Re: Contractor Pricing During Pandemic

Here’s an analogy. We all absolutely HATE it when car dealers mark up highly popular new models. We call that price gouging. And we swear to never do business with them again and tell everyone we know to boycott them. Right?

Chewing down a tradesman’s pricing in tough times is the same thing.
by Murgatroyd
Tue Mar 24, 2020 12:22 pm
Forum: Personal Investments
Topic: How do you keep of track of capitol loss carryover ??
Replies: 22
Views: 1682

Re: How do you keep of track of capitol loss carryover ??

A word of caution on Turbo Tax. It doesn’t always transfer the previous years carry forward. This happened to me while doing 2018 taxes a year ago. I had to enter 2017’s carry forward myself. It did work this year. I have no idea why.
by Murgatroyd
Mon Mar 23, 2020 4:06 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting in 0 percent capital gains bracket
Replies: 10
Views: 600

Re: Tax Loss Harvesting in 0 percent capital gains bracket

In addition to the $3k per year income offset as stated above. Even though you are in the zero cap gains bracket and expect to be in the future, stock sales COULD move you into taxable territory. So go ahead and capture those cap losses, they will benefit you one way or the other.
by Murgatroyd
Sun Mar 22, 2020 8:28 am
Forum: Personal Investments
Topic: Why does the 4% rule work when the markets have huge corrections
Replies: 51
Views: 3385

Re: Why does the 4% rule work when the markets have huge corrections

Lots of people do. The question becomes what is enough? We asked this question 4 years ago which was one year prior to retirement. I sourced reputable opinions and white papers to help us decide. To summarize, advice ranged from 1.5 to 5 years of expenses in cash. All of them viewed fixed investmen...
by Murgatroyd
Fri Mar 20, 2020 11:17 am
Forum: Personal Investments
Topic: Take SS Now?
Replies: 14
Views: 1011

Re: Take SS Now?

It’s one thing to hold off collecting SS to maximize it’s payout. It’s a totally different thing if waiting causes one to eliminate any financial cushion. Having adequate emergency funds is important, particularly now as we face an unknowable crisis. What if you get hit with unexpected and uncovered...
by Murgatroyd
Thu Mar 19, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: What changes will you make in your life ...
Replies: 16
Views: 1157

Re: What changes will you make in your life ...

Considering starting social security earlier.
by Murgatroyd
Mon Mar 16, 2020 8:25 pm
Forum: Personal Consumer Issues
Topic: Help with Router & WiFi Extender Setup for large area: Help Please.
Replies: 43
Views: 1509

Re: Help with Router & WiFi Extender Setup for large area: Help Please.

"It looks like a "Mesh Network" will work best. (correct terminology?)" Yup, that's probably the best path for you if you can't move your current gear around enough for the coverage improvement you want. You can shop around for a system that has the coverage for your specific requirements, 5400 SF ...
by Murgatroyd
Mon Mar 16, 2020 5:14 pm
Forum: Personal Consumer Issues
Topic: Help with Router & WiFi Extender Setup for large area: Help Please.
Replies: 43
Views: 1509

Re: Help with Router & WiFi Extender Setup for large area: Help Please.

"It looks like a "Mesh Network" will work best. (correct terminology?)" Yup, that's probably the best path for you if you can't move your current gear around enough for the coverage improvement you want. You can shop around for a system that has the coverage for your specific requirements, 5400 SF ...
by Murgatroyd
Mon Mar 16, 2020 4:49 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190888

Re: Preferred greeting with clients for social distancing, elbow bump or other?

The elbow bump is actually fun. As you approach there are smiles of acknowledgment and a joke or two. Something different for a change. I have a once per month lunch (just got it in) with old college friends. There were “Spock greetings” and other motions. Why not? Murg HA! TravelGeek beat me with V...
by Murgatroyd
Sun Mar 15, 2020 9:02 am
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8206

Re: My dad says I should pull out of the market before "they" steal it all

So, what to do? You and dad love each other. A massive market drop can be terrifying, especially if one’s finances aren’t sound. Dad has firm beliefs based on his experience and you have yours. My suggestion is next time you contribute to your investments adjust it slightly towards fixed. You say yo...
by Murgatroyd
Mon Mar 09, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Colleague is Day Trading
Replies: 43
Views: 4221

Re: Colleague is Day Trading

Back in the 90’s when day trading was a “thing”, my boss who was the COO of a Fortune 25 company, told me he was day trading. He was probably one of the 10 smartest people I’ve ever known. I’ve always wondered how well he did.
by Murgatroyd
Sat Mar 07, 2020 3:24 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8035

Re: Living off dividends in retirement?

My suggestion is to make sure you are not over weighted in any particular sector. this is an important point. Many above average dividend stocks are energy and utilities. It would be too easy to overweight them. REITs provide a lot of dividends. True, although there aren’t near as many REIT’s that ...
by Murgatroyd
Sat Mar 07, 2020 3:10 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8035

Re: Living off dividends in retirement?

Cash is King wrote:
Sat Mar 07, 2020 1:24 pm

My suggestion is to make sure you are not over weighted in any particular sector.
this is an important point. Many above average dividend stocks are energy and utilities. It would be too easy to overweight them.