Search found 70 matches

by mikebee
Tue Jun 05, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?
Replies: 55
Views: 5364

Re: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?

Long story short, the HVAC guy tells me it's my fault because I ran the system too hard and it froze. That's crazy. As noted above, losing the coolant can make it not run well. That happened to mine when the maintenance person left something loose during its periodic inspection and the coolant drai...
by mikebee
Thu May 31, 2018 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Relationship between Living Off of Dividends and Maximizing Yield
Replies: 13
Views: 1019

Re: Relationship between Living Off of Dividends and Maximizing Yield

I am retired and have crossed the finishing line, I take all dividends as income to spend. The only bond fund I would consider is the Vanguard High Yield Corporate bond fund. By the tlme you have allowed for inflation and income tax most bond funds are loosers in real terms. If you are emotionally a...
by mikebee
Sun May 27, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 8826

Re: Help Buying Mens Shoes for Work and Dating

I would say as long as they are conservatively styled you will be fine. But MUST be clean and in good repair.
Also NEVER wear brown shoes with a black, gray or blue suit or you will lmmediately label yourself as a lower class person.
by mikebee
Sat May 26, 2018 8:55 am
Forum: Investing - Theory, News & General
Topic: Misuse of the word "technology" in finance
Replies: 19
Views: 1287

Re: Misuse of the word "technology" in finance

No not pedantic. Google, Amazon and Facebook use technology but they are basically the old encyclopedia, mail order and pen pal companies in modern guise. Now Boeing and Apple are real technology companies. The "technology" term is misused by Wall Street types who have no scientific education.
by mikebee
Sat May 19, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Mitsubishi wall air conditioner
Replies: 34
Views: 2359

Re: Mitsubishi wall air conditioner

One Mr Slim in our last house.
Three Dakins in our present house.
All worked/work reliably and well but expect eye watering electricity bills.
Heat pumps much cheaper to run but do not oversize.
One ton per 650 square feet, no more as inefficient and constantly cycling on and off.
by mikebee
Sat May 19, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 150
Views: 22985

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Very interesting discussion. It seems to me that once one has enough capital (like Buffet and Bogle) then the ever present potential of the stock market to tank now and again becomes irrelevant (hence Buffet's comment) You can ignore the S&P500 fluctuations because you will always have more than eno...
by mikebee
Wed May 16, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

e5116 wrote:
Wed May 16, 2018 9:39 am
mikebee wrote:
Wed May 16, 2018 1:51 am
whodidntante wrote:
Tue May 15, 2018 10:13 pm
We Bogleheads prefer to lose our money in Vanguard Total Bond Market.
Why ? Not helpful. Please address OP's first post.
whodidntante's post was tongue in cheek. :P
oh really ? Neither humorous or informative.
by mikebee
Wed May 16, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Less risk than the Vanguard S&P 500 fund, virtually no defaults in the past 10 years, duration of of only 4.4 years, a yield of 5.5%+ and a great active manager with a proven track record who buys conservatively. Totally anti- Boglehead I know but what's not to like ? Genuinely puzzled. The reason ...
by mikebee
Wed May 16, 2018 1:56 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

The purpose of owning bond is for stability. Junk bonds do not share that attribute during a recession. Not always so. My investments are large enough for me to be unconcerned about stability or volatility. I want income. If the stock market tanks then the yield will probably rise as happened in 20...
by mikebee
Wed May 16, 2018 1:51 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

whodidntante wrote:
Tue May 15, 2018 10:13 pm
We Bogleheads prefer to lose our money in Vanguard Total Bond Market.
Why ? Not helpful. Please address OP's first post.
by mikebee
Wed May 16, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

But OP just said volatility is not an issue. At least selling equities at a loss has a tax benefit. Interest payments on a bond that has dropped by 50% in value are still fully taxable. True but would not the income from the bond have risen 50% so mitigating the higher tax rate ? Assuming no defaul...
by mikebee
Tue May 15, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Why would an investor care if the value drops if the investment purpose is just to receive income? With no intention to ever sell shares. An investor who took the income distributions of VWEHX in cash over its history would have cared about the long-term trend. The annual amount of cash would have ...
by mikebee
Tue May 15, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 5603

Re: Buying land in central FL

Look up Gulf American Land Corporation founded in the 1960s by Leonard and Jack Rosen. They sold thousands of subdivisions of worthless swamp land in Collier County near Naples using TV adverts. Before this scam they sold hair restorer made from sheep wool oil and when challenged answered "well you ...
by mikebee
Tue May 15, 2018 4:56 pm
Forum: Personal Consumer Issues
Topic: Audiobooks and the Overdrive App
Replies: 19
Views: 1842

Re: Audiobooks and the Overdrive App

Yes, agree, Overdrive is just wonderful. I don't really understand why one has to wait for a title, if it's all digital, surely there must be an infinite number of copies ? I like the sampling ability, saves time when choosing at random and getting rubbish. Not so keen on audio books as I have found...
by mikebee
Tue May 15, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

By "downgrades" do you mean defaulting bonds ? Are there other causes of loss of principal apart from rising interest rates ? VWEAX has a stellar record of near zero defaults. First, how can you tell if VWEAX has had zero defaults? I will extend in 2 different ways. The past 10 years have been kind...
by mikebee
Tue May 15, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Less risk than the Vanguard S&P 500 fund, virtually no defaults in the past 10 years, duration of of only 4.4 years, a yield of 5.5%+ and a great active manager with a proven track record who buys conservatively. Totally anti- Boglehead I know but what's not to like ? Genuinely puzzled. The reason ...
by mikebee
Tue May 15, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Why would an investor care if the value drops if the investment purpose is just to receive income? With no intention to ever sell shares. Only to the extent that taking the entire SEC yield from a high yield corporate bond fund means you're taking out some principle, so your remaining investment va...
by mikebee
Tue May 15, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Then why not just keep it in equities? If you want income, just sell the equities as needed. Good idea. Just sell the equities when the market drops 50%. I dont think so. But OP just said volatility is not an issue. At least selling equities at a loss has a tax benefit. Interest payments on a bond ...
by mikebee
Tue May 15, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

AJS wrote:
Tue May 15, 2018 11:03 am
Why would an investor care if the value drops if the investment purpose is just to receive income? With no intention to ever sell shares.
Thanks, my point. OP
by mikebee
Tue May 15, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

Key reason I personally am not interested in junk bonds is medium-high correlation to market (as others have pointed out). Looking at long-term treasures or corporate bonds ... they of course have the increased interested rate sensitivity but much lower market correlation. So long-term bonds in tha...
by mikebee
Tue May 15, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

The purpose of owning bond is for stability. Junk bonds do not share that attribute during a recession. Not always so. My investments are large enough for me to be unconcerned about stability or volatility. Then why not just keep it in equities? If you want income, just sell the equities as needed....
by mikebee
Tue May 15, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

I assume we are talking about VWEHX? How did this fund hold up in 2008? Oh that's right, it dropped about 30% in the market crash. Now that is some stability right there..... VWEAX dropped the same amount a 60/40 portfolio did. Actually, it dropped slightly less. A 60/40 portfolio dropped -30.72% w...
by mikebee
Tue May 15, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

From a recent post on this forum : I should have noted that the link I posted with comments by Rick Ferri was posted in March 2008. It is very interesting to read the thread in that context and there are also a number of comments by Larry Swedroe. Rick Ferri made a projection of 7.2% for future ret...
by mikebee
Tue May 15, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

The purpose of owning bond is for stability. Junk bonds do not share that attribute during a recession. Not always so. My investments are large enough for me to be unconcerned about stability or volatility. Then why not just keep it in equities? If you want income, just sell the equities as needed....
by mikebee
Tue May 15, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

I assume we are talking about VWEHX? How did this fund hold up in 2008? Oh that's right, it dropped about 30% in the market crash. Now that is some stability right there..... VWEAX. I did not claim it was stable. So the principal dropped, yes but recovered fast. Stable over the long term surely ? D...
by mikebee
Tue May 15, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

virtually no defaults in the past 10 years I reckon that that might have something to do with the fact that the last ten years have seen the second-longest economic expansion in US history. Corporate leverage is high, the Fed holds about $4 trillion in assets and intends to push the risk-free rate ...
by mikebee
Tue May 15, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Re: Vanguard Junk Bond fund

The purpose of owning bond is for stability. Junk bonds do not share that attribute during a recession. Not always so. My investments are large enough for me to be unconcerned about stability or volatility. I want income. If the stock market tanks then the yield will probably rise as happened in 20...
by mikebee
Tue May 15, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Junk Bond fund
Replies: 65
Views: 4359

Vanguard Junk Bond fund

Less risk than the Vanguard S&P 500 fund, virtually no defaults in the past 10 years, duration of of only 4.4 years, a yield of 5.5%+ and a great active manager with a proven track record who buys conservatively.
Totally anti- Boglehead I know but what's not to like ?
Genuinely puzzled.
by mikebee
Tue May 08, 2018 4:36 pm
Forum: Personal Consumer Issues
Topic: Can you recommend a good mouse trap?
Replies: 49
Views: 3490

Re: Can you recommend a good mouse trap?

yes abtraps from Amazon (sorry cant see how to attach an image). It's a small cage with a flap that comes down when the mouse eats the cheese at the other end. We were pestered with mice and fruit rats and have caught many. I drive them a mile or so and let them go.
by mikebee
Tue May 08, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18076

Re: What Percentage CASH are you?

100 % Cash (prime money market) Two houses, 3 cars all paid for. Zero debt. Made a bundle earlier this year by market timing. Dont want to make any more as I would get into highest tax bracket, amt, extortionate medicare premiums etc Made a bundle in 2009 by timing. Both pure luck of course. Now ver...
by mikebee
Tue May 01, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: Fiber cable on front lawn
Replies: 39
Views: 2832

Re: Fiber cable on front lawn

Where we live Comcast standard procedure is to connect you up from the box near the road and lay the cable across your lawn to the house. A few days later a trenching team arrives and buries the cable about a foot down. Maybe your cable company does the same thing ?
by mikebee
Mon Apr 30, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: If you really like the CR-V, you should check out the [_____]
Replies: 79
Views: 7002

Re: If you really like the CR-V, you should check out the [_____]

Buy a sedan, all SUVs are inherently dangerous and roll over on sharp curves.
by mikebee
Fri Apr 27, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 6764

Re: Learning to drive stick

Very amused at the posts. I am an Englishman living in USA for last 10 years. The emergency brake is called a handbrake in England and you cannot do a hill start any other way than letting the handbrake off while you let the clutch in. It really is easy once you get used to it after a few tries You ...
by mikebee
Fri Apr 27, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11781

Re: Amazon to raise Prime membership in US to $119 from $99

Greedy Bezos, you'd think the guy was making enough money already.
Only part I use is the fast delivery. Most of the movies that are not junk you have to pay extra for anyway.
I shall be cancelling.
by mikebee
Wed Apr 25, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Do you have a car w/o ABS?
Replies: 53
Views: 2601

Re: Do you have a car w/o ABS?

ABS isn't the only safety feature an older car doesn't have. Key active safety systems include: Automatic emergency braking (AEB): Brakes are automatically applied to prevent a collision or reduce collision speed. Forward-collision warning (FCW): Visual and/or audible warning intended alert the dri...
by mikebee
Wed Apr 25, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 3182

Re: Vanguard Surveys

I was never offered a gift card just a $10 credit at Amazon which I redeemed easily. It's clear that there may be more than one survey involved. I was emailed in advance by Vanguard that a survey was coming. No doubt in my mind that it was genuine and my Amazon credit was redeemed as promised by Van...
by mikebee
Wed Apr 25, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 3182

Re: Vanguard Surveys

Typically surveys like these are a standard operating procedure for businesses today and are done on a random sampling basis. The info gathered is used to assess products and services and provide direction for future business decisions. Check with Vanguard if you are concerned. I am not at all conc...
by mikebee
Tue Apr 24, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Surveys
Replies: 47
Views: 3182

Re: Emailed Vanguard Survey from "GfK". Possible spam or phishing?

Did the survey.
Got a reward code from Ipsos.
Cashed it in with an Amazon purchase.
No problem.
by mikebee
Mon Apr 23, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Need to cut the cable cord - is there an alternative?
Replies: 42
Views: 3657

Re: Need to cut the cable cord - is there an alternative?

We watch the three C-SPAN channels 7 to 9 ET every morning (Washington Journal) and weekend book reviews and interviews. In our opinion C-SPAN is way ahead of any other tv channel, no adverts and aimed at adult intelligent viewers. I understand that it comes, as a collective effort, from the cable c...
by mikebee
Thu Apr 19, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Buying BRK.B to save $94 annually on insurance?
Replies: 29
Views: 3509

Re: Buying BRK.B to save $94 annually on insurance?

Inspired by this post I think now to sell around $210 worth of my Total Stock index fund (setting in my Vanguard Roth IRA) and buy an individual 1 share of BRK.B so only get Geico discount. I only have Auto insurance with them (renter insurance is through another company that is way cheaper), so i ...
by mikebee
Mon Apr 16, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

EITHER $6,000 per month for 15 years (joint annuity from PIA) Premium $2M (half my net worth). I am 76, wife is 60. The monthly income is COA. OR Income from the $2M invested in VWIAX (Vanguard High Yield Corporate Bond Fund) VWEAX yielding 5.54%. No concern about principal loss as investment would...
by mikebee
Sun Apr 15, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: Removing oil stains on garage floor
Replies: 10
Views: 1259

Re: Removing oil stains on garage floor

Cement, dry of course, I don't mean concrete. This is what they always use at motor racing tracks if there is an oil spill. Put the cement powder on the stain and rub it in with a gloved finger.
by mikebee
Sun Apr 15, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: New HVAC system
Replies: 15
Views: 2277

Re: New HVAC system

I was told by a service engineer I trust that Trane are the best. I would clean the condenser and the evaporator with coil cleaner from Home Depot. About $8. See utube for details. It's easy. Don't replace until absolutely necessary is my philosophy. My fan motor stopped so I replaced a capacitor an...
by mikebee
Sun Apr 15, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 12419

Re: We crush stock indexes, Yale claims

Naturally, it's not what you know in this life, it's who you know.
by mikebee
Sun Apr 15, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

The main problem with high yield corporate bonds is that when that risk shows up, it shows up at the same time your equities are being hit. So, they're risky assets, and they are highly correlated with equities. Not as big a change from 100% equity as you think. I see your point. Both may well go d...
by mikebee
Sun Apr 15, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Options to a Bose Wave Radio
Replies: 26
Views: 5814

Re: Options to a Bose Wave Radio

Logitech U E smart radio. They are like gold dust. Why Logitech discontinued them is beyond comprehension. We have four for our two houses, all bought on ebay now becoming rarer and higher priced. The best model has the "UE" logo above the big circular tuning knob. I believe these were the last mode...
by mikebee
Sun Apr 15, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

Now rethought my IP to be as follows : European VEUSX $1/2M income $12,000 US Total Stock VTSAX $1/2M income $9,000 US Total Bond VBTLX $1 1/2 M income $45,000 Berkshire-H B shares $1/2M income zero I am a Buffet fan and the well diversified, well run busineses appeals to me. I can always sell a fe...
by mikebee
Sun Apr 15, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

The main problem with high yield corporate bonds is that when that risk shows up, it shows up at the same time your equities are being hit. So, they're risky assets, and they are highly correlated with equities. Not as big a change from 100% equity as you think. I see your point. Both may well go d...
by mikebee
Sat Apr 14, 2018 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

Now rethought my IP to be as follows : European VEUSX $1/2M income $12,000 US Total Stock VTSAX $1/2M income $9,000 US Total Bond VBTLX $1 1/2 M income $45,000 Berkshire-H B shares $1/2M income zero I am a Buffet fan and the well diversified, well run busineses appeals to me. I can always sell a few...
by mikebee
Sat Apr 14, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 3255

Re: Which would you choose if you were me ?

$2M (half my net worth). Income from the $2M invested in VWIAX (Vanguard High Yield Corporate Bond Fund) VWEAX yielding 5.54%. I would suggest: (a) Looking at the whole portfolio as one (not an 'income producing' portion and a separate stock portion). (b) Looking at capital appreciation and dividen...