Search found 811 matches

by DesertDiva
Mon May 25, 2020 7:30 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 50
Views: 3322

Re: I have no risk tolerance: where am I supposed to keep my money?

Take the advice you've received so far and write an IPS. I’m guessing that you didn't take the time to write one when you started out. The process of formulating your goals/strategies will help you going forward.
by DesertDiva
Mon May 25, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 299
Views: 20149

Re: The axe falls and I am prepared. What's next?

At the risk of sounding like everyone else here:
  • There’s really not anything I can add to what has already been posted.
  • Thank you for reminding us all of the need to be prepared
Perhaps a stint as a Bogleheads moderator is in your future? :D

All the best,
DesertDiva
by DesertDiva
Mon May 25, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: Jeremiah B. says to buy gold and silver
Replies: 29
Views: 1440

Re: Jeremiah B. says to buy gold and silver

columbia wrote:
Mon May 25, 2020 6:33 am
Who is Jeremiah Babe and why would he be expected to properly predict inflation rates?

(A partial answer is that he’s a real estate agent.)
Or Jeremiah Babe is the OP and he's just looking for more YouTube views...
#justsaying
#clickbait
by DesertDiva
Sat May 23, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Personal spending out of control after Covid-19
Replies: 118
Views: 8696

Re: Personal spending out of control after Covid-19

jjface wrote:
Sat May 23, 2020 11:31 am
.:.expert market timers and perfect buy and hold investors at the same time...
:oops: :oops: :oops: :oops: :oops:
by DesertDiva
Wed May 20, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“
Replies: 138
Views: 8739

Re: Dr. Malkiel: “I believe that investors need to put more China into their portfolios“

I just checked Vanguard Total International Stock Index Fund Institutional Shares (VTSNX) and 10% of its' holdings are China-based. Anything more than that and I certainly wouldn't be comfortable. I like the diversification among sectors and regions that indexing provides. Especially with the "tarif...
by DesertDiva
Tue May 19, 2020 3:30 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2038

Re: Individual stock for son's birthday

Here's a better idea than an individual stock ->
https://www.amazon.com/If-You-Can-Mille ... 476&sr=1-1
by DesertDiva
Sat May 16, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2458

Re: [any downside to telling your parents your income?]

Every family is different and I’m sure that financial transparency can work in some cases — however I can’t think of a single upside to sharing financial details with anyone other than my spouse.
by DesertDiva
Thu May 14, 2020 5:06 pm
Forum: Personal Consumer Issues
Topic: What to do with canned chicken?
Replies: 45
Views: 3313

Re: What to do with canned chicken?

tacos or enchiladas
by DesertDiva
Wed May 13, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7592

Re: Should you include home equity in Net Worth?

ResearchMed wrote:
Tue May 12, 2020 7:32 pm
Popcorn time!

:twisted:

RM
lol :sharebeer
by DesertDiva
Fri May 08, 2020 10:55 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20097

Re: What are you doing for haircuts due to coronavirus shutdown?

I just bought a Wahl clipper set from costco.com and used it on my husband’s hair. He’s very happy with the results. One more cut and its paid for itself.
by DesertDiva
Thu May 07, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping mortgage or renting to save
Replies: 3
Views: 368

Re: Keeping mortgage or renting to save

Your post raises a few questions: How old are you and how far away is your potential retirement? How much do you already have saved for retirement? Do you have a pension or other income? How far are you into your current mortgage? It sounds like you live in a HCOL area - do you have the flexibility/...
by DesertDiva
Wed May 06, 2020 9:04 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 7898

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

I remember this article from last year and its statement...
Purchases Are Made at Regular Intervals
... as a downside, which is entirely laughable, and I stopped reading at that point.
by DesertDiva
Tue May 05, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11142

Re: All my friends are outperforming index funds

Congratulate them and wish them well in their future endeavors.
by DesertDiva
Mon May 04, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: A Risk-Tolerance Question
Replies: 50
Views: 2541

Re: A Risk-Tolerance Question

Don’t sell. Stay the course and continue to invest according to your IPS. Adjust your AA as you age.
by DesertDiva
Mon May 04, 2020 6:47 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 222
Views: 12981

Re: Is Disney the most tempting value stock?

Stocks don’t tempt me. They aren’t included in my IPS.
by DesertDiva
Sun May 03, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Houses Are Not Edible
Replies: 21
Views: 2886

Re: Houses Are Not Edible

We made a gingerbread house at Christmas. It was certainly edible..... Back to reality. We have a 1 year emergency fund (combo of cash and bond funds in taxable) and additional taxable accounts of stocks as well as Roth IRAs. We have no need to raid the equity in our home like typical poor broke in...
by DesertDiva
Sun May 03, 2020 9:41 am
Forum: Personal Investments
Topic: What would you invest 50K in?
Replies: 25
Views: 2428

Re: What would you invest 50K in?

I’m not looking to take financial advice from anyone online. You don’t have to worry about me. But I do have some available investment cash. I’m young, can afford to take risks though not looking for anything especially risky. Just wondering, if you had 50K today to invest, what would you do? I wou...
by DesertDiva
Fri May 01, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Property Inheritance
Replies: 17
Views: 2060

Re: Property Inheritance

Looking for advice for MIL. She recently inherited a house from the passing of her father (her mother passed 4 years ago). She has 4 other siblings that were not included with this part of the inheritance. All 5 of them split the rest of the estate. All, but one other, of her siblings live out of s...
by DesertDiva
Fri May 01, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

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

I got no problem with the message "most millionaires don't spend as lavishly as you might have imagined". But I do think some people will read the books and come away with the message of "millionaires are more frugal than non-millionaires", which is wrong. Again, you may be right, but I don't think...
by DesertDiva
Thu Apr 30, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Keepsake items for new baby?
Replies: 25
Views: 1222

Re: Keepsake items for new baby?

I am obtaining books for our granddaughter and I will read them to her.
by DesertDiva
Thu Apr 30, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3278

Re: How to I invest in the self-driving car industry?

Have you considered investing Bogleheads-style? The Bogleheads® Philosophy 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Never try to time the market 5 Use index funds when possible 6 Keep costs low 7 Diversify 8 Minimize taxes 9 Keep it simple 10 Stay...
by DesertDiva
Tue Apr 28, 2020 7:57 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

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

On the other hand, you have another group who need to go heavily into debt in order to train for their profession, and then spend the early part of their careers paying off their loans. But once they do clear their student debt, they can boost their net worth dramatically and most of that wealth wi...
by DesertDiva
Tue Apr 28, 2020 7:53 pm
Forum: Personal Investments
Topic: Investing in 401k w/low life expetancy
Replies: 23
Views: 1717

Re: Investing in 401k w/low life expetancy

Do you have disability insurance? This could be invaluable to replace lost income.
by DesertDiva
Tue Apr 28, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

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

On Page 54 of Thomas Stanley's Stop Acting Rich book he writes It takes only 54 high-income generating farmers to produce 100 who are millionaires. But it take 383 high-income generating physicians to produce just 100 millionaires. Where do the remaining 46 farmers come from to produce 100 milliona...
by DesertDiva
Mon Apr 27, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7144

Re: How do you explain no COVID19 Stimulus Payment?

bberris wrote:
Mon Apr 27, 2020 11:52 am
"I got what I expected".
Ooh, I like this one. Thanks. :sharebeer
by DesertDiva
Mon Apr 27, 2020 5:48 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

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

retire57 wrote:
Mon Apr 27, 2020 5:47 pm
Fabulous book!!! IMO, far superior to Stanley's much-more-touted "Millionaire Next Door" and I don't understand why it's not as well-known. Boglehead principles supported by strong research.
+1
I reread it a few times a year.
by DesertDiva
Mon Apr 27, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you keep cold hard cash in your home?
Replies: 22
Views: 1255

Re: Do you keep cold hard cash in your home?

My grandparents kept a substantial amount of cash on hand (pre-ATM days). Now I read news articles where someone had several thousand on their person or in their house, the money is seized, and they are assumed to be a criminal.
by DesertDiva
Sun Apr 26, 2020 12:10 pm
Forum: Personal Investments
Topic: Cash Value Life Insurance--Great Idea For The Wealthy?
Replies: 20
Views: 1220

Re: Cash Value Life Insurance--Great Idea For The Wealthy?

bertilak wrote:
Sun Apr 26, 2020 5:54 am
Stinky wrote:
Sun Apr 26, 2020 5:45 am
OP, does your CPA have $25 million in assets?
If he can sell those policies he may just have that much!
My thoughts exactly. A person selling an insurance product will promote it to make money from it.
by DesertDiva
Sun Apr 26, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8073

Re: Payoff house and quit good-paying job?

... This sounds dorky and immature but I want to work at a theme park or zoo hanging out and doing mindless tasks with no REAL responsibilities. .. You already have REAL responsibilities... a spouse and a child. And if you stay married it's possible you might have more children. And if you fail in ...
by DesertDiva
Sun Apr 26, 2020 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase in this economic climate
Replies: 10
Views: 924

Re: Home purchase in this economic climate

Wish him well in his future endeavors.
by DesertDiva
Sat Apr 25, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: I need financial/general advice
Replies: 47
Views: 2901

Re: I need financial/general advice

I didn’t like my job a few years ago. After talking to my director and rearranging some of my responsibilities, i have a newfound appreciation for it. Just saying
by DesertDiva
Wed Apr 22, 2020 7:18 pm
Forum: Personal Investments
Topic: Your views on used car parts Industry
Replies: 31
Views: 1279

Re: Your views on used car parts Industry

I don’t understand why people are coming to Bogleheads for individual stock picking advice. It’s not even that I’m opposed to stock picking, it’s more that this is a terrible place to ask it. Would you ask your Uber driver or grocery checkout clerk about stock picking? Then why would you ask on Bog...
by DesertDiva
Tue Apr 21, 2020 10:10 am
Forum: Personal Consumer Issues
Topic: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three to
Replies: 131
Views: 6153

Re: If you had to buy one new car which of these three would you buy Corolla, Camry or Prius? You only have these three

My family have owned all 3. I've personally owned 2 Prius and 2 Corollas. If you want comfort, you get the Camry. If you want to save money and you want utility, you get the Prius. The Corolla is false economy versus the Prius. It's a great car but the Prius costs less to own so I wouldn't even con...
by DesertDiva
Fri Apr 17, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: Crisis Lessons (My list)
Replies: 50
Views: 4457

Re: Crisis Lessons (My list)

Two words: toilet paper
by DesertDiva
Fri Apr 17, 2020 12:08 pm
Forum: Personal Investments
Topic: Are Index Funds bad investment during these situations ?
Replies: 31
Views: 2464

Re: Are Index Funds bad investment during these situations ?

HawkeyePierce wrote:
Fri Apr 17, 2020 11:15 am
Usually when I see someone arguing that index funds are a bad investment, it's a salty active mutual fund manager who's upset that his gravy train is coming to an end.
+1 Yes! Index funds are low-cost, and costs matter.
by DesertDiva
Thu Apr 16, 2020 5:06 pm
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7262

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

I don't have "any of it"... it's not part of my IPS. I recommend you re-read the Bogleheads wiki and start over with a fresh outlook: https://www.bogleheads.org/wiki/Getting_started Well, standard/basic Boglehead portfolio do not have a hyperinflation hedge. Commodities ETF was supposed to fill tha...
by DesertDiva
Thu Apr 16, 2020 4:59 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16328

Re: What percentage of your paycheck do you invest?

This is a dumb question. Some people make 30k a year, can't invest much. Some people make 200k a year, can invest a large % of paycheck. Some people make more than $200k and don't invest much. https://www.marketwatch.com/story/im-59-and-my-husband-and-i-earn-500000-a-year-but-have-credit-card-debt-...
by DesertDiva
Thu Apr 16, 2020 4:38 pm
Forum: Personal Investments
Topic: North American Oil - Should I buy?
Replies: 31
Views: 1937

Re: North American Oil - Should I buy?

A lot of information is available on these thread concerning dividends; in short, they are no free lunch.

viewtopic.php?t=303511
viewtopic.php?t=274340

... and others
by DesertDiva
Thu Apr 16, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Purchase
Replies: 13
Views: 723

Re: First Time Home Purchase

The purchase of a house is a large commitment and it isn't the right move for everyone. Do you currently live in a high cost of living area? Are you single and living alone? Married with kids? If in a relationship, what does your partner think? What about your employment - do you foresee moving to a...
by DesertDiva
Thu Apr 16, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7262

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

I'm done. That's it. I'm out. Screw this. Look at this. I'm using oil (USO) as an example: https://i.postimg.cc/vHWtgvbX/Annotation-2020-04-16-004404.png Here's oil prices: https://i.postimg.cc/Y0wKRxV8/Annotation-2020-04-16-004826.png Here's oil prices vs USO Jul 2008 - $144 vs $116 Jan 2009 - $31...
by DesertDiva
Thu Apr 16, 2020 3:44 pm
Forum: Personal Investments
Topic: My friend says his Roth and 401k are higher than before the pandemic started
Replies: 49
Views: 5579

Re: My friend says his Roth and 401k are higher than before the pandemic started

How long has he been investing in his Roth and 401(k)? If it's just been a short period of time, and if he's been contributing new money, it's entirely possible that the new contributions are greater than the decline in value on existing funds. ^^^ This ^^^ Ignore the noise and keep your business c...
by DesertDiva
Thu Apr 16, 2020 2:12 pm
Forum: Personal Investments
Topic: Paul Merriman vs JL Collins portfolio head-to-head
Replies: 38
Views: 3771

Re: Paul Merriman vs JL Collins portfolio head-to-head

Here’s an idea: study the Boglehead’s wiki pages. https://www.bogleheads.org/wiki/Getting_started Good idea, but not that helpful. I have already been through this and as my post hopefully conveyed, I am interested in something else. And yet here you are, on the Boglehead's forum :twisted:
by DesertDiva
Thu Apr 16, 2020 10:07 am
Forum: Personal Investments
Topic: Which companies to steer clear of?
Replies: 14
Views: 1375

Re: Which companies to steer clear of?

If you had to... I don’t have to, I can buy the haystack. But really, why would you go on a forum dedicated to index investing to refine your list of individual companies? It’s kind of like going to an F-150 show to ask folks about options for your latest Mustang build. What do we know about these ...
by DesertDiva
Wed Apr 15, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 609
Views: 31637

Re: What are you listening to now

JAZZISCOOL wrote:
Wed Apr 15, 2020 1:58 pm
DesertDiva wrote:
Wed Apr 15, 2020 12:34 pm
Andrea Bocelli, "Sogno" from 1999
Nice. I watched his live Easter performance at the Duomo in Milan, Italy. He sang with just an organ player. I'm sure it's on Youtube. :happy
It is on YouTube--"Andrea Bocelli: Music For Hope". Almost 36 million views in the past 3 days.
by DesertDiva
Wed Apr 15, 2020 12:34 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 609
Views: 31637

Re: What are you listening to now

Andrea Bocelli, "Sogno" from 1999
by DesertDiva
Mon Apr 06, 2020 12:49 pm
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17130

Re: What will you do first, once COVID pandemic is over?

Curious what everyone's plans are once the pandemic is over -- ("over" being defined as social distancing measures are rescinded)? I've put some thought into this over the last few days and my answer is: I just don’t know yet. DH and I are in the “high risk” category. We are concerned that after so...
by DesertDiva
Mon Apr 06, 2020 12:42 am
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17130

Re: What will you do first, once COVID pandemic is over?

Curious what everyone's plans are once the pandemic is over -- ("over" being defined as social distancing measures are rescinded)? I've put some thought into this over the last few days and my answer is: I just don’t know yet. DH and I are in the “high risk” category. We are concerned that after so...