Search found 130 matches

by Godot
Thu Jun 13, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: [Forget] The Seaweed! We're Headed For Cancun!!
Replies: 17
Views: 1410

Re: [Forget] The Seaweed! We're Headed For Cancun!!

Hey All, First time to Cancun. Family vacay and staying at the RIU Riviera Maya. I'm not a lay-on-the-beach-guy so I'm wondering what interesting things some of the Bogleheads who've been to Cancun, have found to to do near-by. Also wondering best place to buy good cigars. Best, Bill Cancun is dang...
by Godot
Thu Jun 13, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 60
Views: 3203

Re: 40+% increase in auto policy (GEICO) - normal?

This is a classic sales tactic. The company knows that customers are usually reluctant or think its too much of a hassle to switch their insurance. Therefore they are banking on the fact that the majority of customers would rather pay an increased rate than switching. When they do this to you, you ...
by Godot
Wed Jun 12, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: New York State benefits and teaching in retirement
Replies: 0
Views: 170

New York State benefits and teaching in retirement

I'm a semi-retired 60 yr old university prof. receiving a pension from one school while continuing to teach P/T at a different (NYS) university. I now want to retire from the P/T NYS school as well. I've been teaching there for 20 years. I would receive a small pension, but more importantly health i...
by Godot
Wed Jun 12, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: Mailers for Medicare, AARP, etc to a younger person
Replies: 20
Views: 1259

Re: Mailers for Medicare, AARP, etc to a younger person

I've been receiving mailers from AARP to join. I've received other mailers from insurance companies to purchase Medicare prescription coverage. "It's time to enroll in Medicare!", shouted this week's ad from Blue Shield/Cross. But I'm only 42. Why do these companies think I'm 65? My first thought w...
by Godot
Tue Jun 11, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3648

Re: Late Life/End of Life Expenses

SoonerD wrote:
Mon Jun 10, 2019 10:00 pm
Barefootgirl wrote:
Mon Jun 10, 2019 6:48 pm


If one does her respect there is no need to let fear mongers lead you to save another million bucks.
What?
by Godot
Mon Jun 10, 2019 6:33 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 843
Views: 84887

Re: What frugal thing did you do today?

I regularly eat at Silver Diner https://www.silverdiner.com/. Last month, on one visit, it took a relatively long time for my order to be served. I did not complain, but the waiter/server did - and he told the manager - and the manager apologized - and gave me a card for a future free meal :) In ad...
by Godot
Sun Jun 09, 2019 4:46 pm
Forum: Personal Investments
Topic: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)
Replies: 35
Views: 5938

Re: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)

DanMahowny wrote:
Sun Jun 09, 2019 10:09 am
JTColton wrote:
Sun Jun 09, 2019 8:56 am
we construct our own prisons.
Brilliant.

That quote is one to remember. Very true.
Freedom is knowing the size of your own cage.
by Godot
Sun Jun 09, 2019 11:45 am
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2227

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

epeterson1970 wrote:
Sun Jun 09, 2019 10:50 am
Buying puts is a strategy that has a low probability of profit. Why do you want to use this strategy?
OP said he sees it as a "lottery ticket," not a strategy.
by Godot
Thu Jun 06, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for credit card in early retirement (before Social Security & IRA withdrawals)
Replies: 2
Views: 339

Re: Applying for credit card in early retirement (before Social Security & IRA withdrawals)

I recently applied for a credit card (a Costco opened near my home, so I joined and applied for their Costco Visa Card by Citi). First time applying for a credit card while in early retirement, and I gave them an estimate of my annual income (which is based on dividends and withdrawals from my taxa...
by Godot
Wed Jun 05, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Swedroe is far from a passive investor and I am beginning to agree
Replies: 62
Views: 5802

Re: Swedroe is far from a passive investor and I am beginning to agree

It sounds to me like you're already not comfortable with the level of risk your exposed to. As far as I can tell, it's well within "Boglehead principles" to take risk off the table. The problems come in when people believe that they're going to get back in after they've got out, and that there timi...
by Godot
Tue Jun 04, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 91
Views: 6981

Re: Walking Cities, potential for retirees

I can think of dozens of cities, and there are plenty more I haven't been to. More importantly, your lifestyle needs to be compatible with the area. I suggest taking a quiz that asks good questions and provides meaningful results. I like this one: https://www.best-place-to-retire.com/places-to-reti...
by Godot
Tue Jun 04, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 6825

Re: Tell us your side hustle success stories.

??? What does "hustle" mean, nowadays? To me it means--or used to mean--just what the American Heritage Dictionary says: a. To obtain something by deceitful or illicit means; practice theft or swindling. b. To solicit customers. Used of a pimp or prostitute. c. To misrepresent one's ability in orde...
by Godot
Sun Jun 02, 2019 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Whaddyagunna do? 7 months and still no safety deposit box inventory!
Replies: 6
Views: 1916

Re: Whaddyagunna do? 7 months and still no safety deposit box inventory!

Can't speak to the law in NJ. In PA my parents had a joint safe deposit box. Mom was advised by the branch manager to close the safe deposit box after Dad died. Mom was told if she died the box would be sealed until the contents were inventoried for PA tax purposes. This makes sense. NJ law does no...
by Godot
Sun Jun 02, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Whaddyagunna do? 7 months and still no safety deposit box inventory!
Replies: 6
Views: 1916

Re: Whaddyagunna do? 7 months and still no safety deposit box inventory!

Can't speak to the law in NJ. In PA my parents had a joint safe deposit box. Mom was advised by the branch manager to close the safe deposit box after Dad died. Mom was told if she died the box would be sealed until the contents were inventoried for PA tax purposes. This makes sense. NJ law does no...
by Godot
Tue May 28, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 64053

Re: Name something you had to have and now you regret purchasing it?

Xybernaut stock, circa 1998, and more recently a FANG ETF. Both losers, and I knew better at the time, which compounds the regret.
by Godot
Mon May 27, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 4667

Re: Teaching jobs

My wife just received her Masters degree in teaching, with a certification in both Math and Science. She has 10 years experience in running a small business, substituted at all the local schools and made a strong impression during her internship (not to mention graduated with a 4.0 while working fu...
by Godot
Mon May 27, 2019 12:21 pm
Forum: Personal Investments
Topic: Review request - Portfolio with 2/3 in cash/CDs/money market
Replies: 5
Views: 1454

Re: Review request - Portfolio with 2/3 in cash/CDs/money market

3. Realistically can we consider retiring given our low spend? We have thought of moving overseas to SE Asia, renting out our condo in the States, and basically becoming beach bums in Khao Lak or similar. I believe we probably have enough - especially as I’m thinking we can arbitrage housing costs ...
by Godot
Sat May 25, 2019 6:31 pm
Forum: Personal Consumer Issues
Topic: How much to tip food delivery driver
Replies: 39
Views: 3706

Re: How much to tip food delivery driver

How much would you liked to be tipped? What does that have to do with it? I'd like to get tipped a million dollars. I wouldn't do it for less than about $100. I'm not tipping either of those amounts. And no, I don't subscribe to the "you'll never feel it" school. First, I would feel it. Second, it'...
by Godot
Sat May 25, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: How much to tip food delivery driver
Replies: 39
Views: 3706

Re: How much to tip food delivery driver

How much would you liked to be tipped? What does that have to do with it? I'd like to get tipped a million dollars. I wouldn't do it for less than about $100. I'm not tipping either of those amounts. And no, I don't subscribe to the "you'll never feel it" school. First, I would feel it. Second, it'...
by Godot
Thu May 23, 2019 11:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard issues 10-year forecast for stock, bond market returns
Replies: 79
Views: 8457

Re: Vanguard issues 10-year forecast for stock, bond market returns

Vanguard in 2008 regrading future returns: "Over longer investment horizons, we observe a more significant (albeit imperfect) inverse relationship between current stock valuation metrics (i.e., P/E ratios) and future stock returns. Based on early 2009 valuation levels, our analysis would suggest tha...
by Godot
Thu May 23, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Whaddyagunna do? 7 months and still no safety deposit box inventory!
Replies: 6
Views: 1916

Whaddyagunna do? 7 months and still no safety deposit box inventory!

I've posted questions before regarding my issues with a court-appointed administrator for a family estate to which I am an heir. The estate is not yet settled, and the probate process is slow, no doubt partly because we are talking about New Jersey, where many things seem to operate at a snail's pac...
by Godot
Thu May 23, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: Actual Experience as true measure of risk tolerance
Replies: 82
Views: 6256

Re: Actual Experience as true measure of risk tolerance

randomguy wrote:
Sat May 18, 2019 12:06 am
DonIce wrote:
Fri May 17, 2019 11:38 pm
alexfoo39 wrote:
Fri May 17, 2019 9:16 pm

The suicide rate maintained the same trend line that started a couple years before and didn't change during during the whole 2000-2019 period.

Fair point, but then again 2000-2019 investors, older ones anyway, have a safety net (SS, Medicare) that Depression era investors did not.
by Godot
Tue May 21, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need "own" occupation disability insurance (professor)?
Replies: 8
Views: 768

Re: Do I need "own" occupation disability insurance (professor)?

adamthesmythe wrote:
Sun May 19, 2019 4:51 pm


By the way, I could argue that mental handicaps have not been a barrier for many of my colleagues.
+100
by Godot
Fri May 17, 2019 7:56 pm
Forum: Personal Investments
Topic: Best way to deploy $450,000 of IRA money right now
Replies: 30
Views: 2183

Re: Best way to deploy $450,000 of IRA money right now

The Wizard wrote:
Fri May 17, 2019 3:31 pm
Sadly, this thread shows what happens to folks who do not Pay Attention to their retirement accounts during their working years...
More sadly is that some posters choose to judge rather than to be helpful.
by Godot
Fri May 17, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6214

Re: Why do plumbers get paid so well?

Thesaints wrote:
Fri May 17, 2019 2:25 pm
A google engineer makes close 200k at start. Why are they paid so well ?
Ditto most lawyers.
by Godot
Fri May 17, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: How much is the 401K and retirement savings propping up the market?
Replies: 26
Views: 3275

Re: How much is the 401K and retirement savings propping up the market?

I’ve just got this feeling that every 1st and 15th if the month the market kinda rebounds - due to influx of new money into people’s 401Ks. Essentially / has the stock market become some sort of a Ponzi scheme ? If our kids stop investing in the stock market (or the population goes down) will the m...
by Godot
Thu May 16, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Impossible Burger At Home
Replies: 35
Views: 2820

Re: Impossible Burger At Home

I’ve become a big fan of “The Impossible Burger” at a local upscale hamburger “joint”. It’s not clear if they are REALLY healthier than a real beef burger, (am I trading the red meat risks for something else, known or unknown?), but I’ve convinced myself that they are 😀. But the health aspect isn’t...
by Godot
Wed May 15, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8318

Re: Did you buy the 600+ dip last week ?

For various reasons , I do not think there will be many huge drops like this one in near future . Hence it may be better to jump when these happen , of course, if you have cash to spare and it does not alter your target asset allocation too much . You don't think there will be many huge drops like ...
by Godot
Wed May 15, 2019 2:40 pm
Forum: Personal Investments
Topic: One time fee only advisor - costs?
Replies: 20
Views: 1823

Re: One time fee only advisor - costs?

Sounds like a normal amount from what I have read on the internet, it depends on the advisor. Depends on how comprehensive a plan you want. You can go as low as $96 for Mark Zoril. I did a consultation with him ( but I just had a couple very specific questions I wanted a second opinion on) and was ...
by Godot
Tue May 14, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: Police and Troopers fund.
Replies: 77
Views: 3157

Re: Police and Troopers fund.

Silence Dogood wrote:
Tue May 14, 2019 1:47 pm
If I get a call, and I don't recognize the number, I let it go to voicemail.

If I get a call, and I do recognize the number, I still let it go to voicemail.
Do you ever check your voicemail?
by Godot
Mon May 13, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1917803

Re: U.S. stocks in free fall

Jack FFR1846 wrote:
Fri May 10, 2019 12:43 pm
At least we get a little break from all the clowns crying "with the market at an all time high......".
Your compassion is palpable.
by Godot
Mon May 13, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: When did you realize it wasn't enough?
Replies: 33
Views: 7345

Re: When did you realize it wasn't enough?

Posting is intended for those in their late 40s to late 50s. When did you realize that current amount of money being saved won't be enough when you intend to retire (say at 60) Also: 1. Did you panic? 2. Decided to work until however longer you can? 3. Cutback on your lifestyle drastically? 4. Or t...
by Godot
Sat May 11, 2019 9:53 pm
Forum: Personal Investments
Topic: Lower risk is in my plan but I just can't!
Replies: 52
Views: 4196

Re: Lower risk is in my plan but I just can't!

I am (59.25) waiting until 59.5 so i can move them out of 401k to brokerage firm where the choices and ER are tolerable. Only good ER in our fidelity account is the S&P index fund (.35). Bond funds are all over a ER of 1 point What Fidelity S&P fund are you in? The Fidelity 500 index ER is 0.015%.
by Godot
Sat May 11, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 126
Views: 17561

Re: Cash - Throw it all on the table!!!

To what extent does age dictate how much one keeps in cash? How much is too much in cash for a retiree?
by Godot
Tue May 07, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7660

Re: Walk away from my auto lease?

DonIce wrote:
Tue May 07, 2019 3:44 pm
Call the company out on social media. Public shaming does wonders.
Word. It took me almost two months to get my Personal Capital account fixed, but only after I threatened to post the string of emails I had with customer service on social media. Within two hours, fixed.
by Godot
Tue May 07, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness-Has it worked for anyone?
Replies: 60
Views: 7501

Re: Public Service Loan Forgiveness-Has it worked for anyone?

Good article in the WSJ this morning on the topic: https://www.wsj.com/articles/program-to-relieve-student-debt-proves-unforgiving-11557221400 Looks like the success rate is on the order of 1%. It will be interesting to see how this success rate evolves over time... Everyone deciding wither to purs...
by Godot
Tue May 07, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness-Has it worked for anyone?
Replies: 60
Views: 7501

Re: Public Service Loan Forgiveness-Has it worked for anyone?

Neurosphere, there are plenty of people with qualifying loans, who have made the required payments, who have been told by FedLoan their employer qualified, and who have applied for forgiveness, and who have been denied (or received no answer). This is one reason why this has gotten a lot of media a...
by Godot
Tue May 07, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness-Has it worked for anyone?
Replies: 60
Views: 7501

Re: Public Service Loan Forgiveness-Has it worked for anyone?

Good article in the WSJ this morning on the topic: https://www.wsj.com/articles/program-to-relieve-student-debt-proves-unforgiving-11557221400 Looks like the success rate is on the order of 1%. It will be interesting to see how this success rate evolves over time... Everyone deciding wither to purs...
by Godot
Mon May 06, 2019 11:11 pm
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 23
Views: 2053

Re: Has anyone invested in marijuana stocks?

more and more states and countries seems to keep lessening restrictions on it This sentence makes me think that you think you know more than those who make the market. Hey it's been all good news for legalization so these stocks have nowhere to go but up. I'm just wondering what would happen with o...
by Godot
Mon May 06, 2019 11:01 pm
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7199

Re: Which US city would you move to?

Not Trenton, New Jersey.
by Godot
Sun May 05, 2019 7:08 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3243

Re: Futures Down

Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light. Though wise men at their end know dark is right, Because their words had forked no lightning they Do not go gentle into that good night. Good men, the last wave by, crying...
by Godot
Sun May 05, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: Reversion to the Mean Is Dead?
Replies: 63
Views: 6755

Re: Reversion to the Mean Is Dead?

From an article in Barrons. https://www.barrons.com/articles/reversion-to-the-mean-is-dead-investors-beware-51556912141 The article suggests that technology has altered the markets so much that the old rules like reversion to the mean and value investing using traditional measures of value no longe...
by Godot
Fri May 03, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 5077

Re: Short BYND? (beyond meat, IPO today)

I can never understand, if someone wants to taste a hamburger, then they should eat a hamburger. I get the idea behind something like this if the goal is to decrease meat intake for health reasons. But this stuff isn’t all that healthy either. So I am confused. I can’t imagine this product doing we...
by Godot
Fri May 03, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 183
Views: 16392

Re: What non fiction book will you be reading in 2019?

Sapiens: A Brief History of Humankind
- Yuval Noah Harari
by Godot
Thu May 02, 2019 10:10 am
Forum: Personal Investments
Topic: In this case, should I be 100% stocks?
Replies: 63
Views: 6395

Re: In this case, should I be 100% stocks?

ohai wrote:
Mon Apr 29, 2019 11:08 am
Just speculating, but US stocks might be even better if we lost WW2. Because, instead of Germany and Japan, the US might have a cap on military spending and would have spent the money on infrastructure for the next 60 years.
+1000
by Godot
Wed May 01, 2019 11:29 pm
Forum: Investing - Theory, News & General
Topic: "The market is overvalued"
Replies: 90
Views: 7509

Re: "The market is overvalued"

visualguy wrote:
Tue Apr 30, 2019 8:14 pm
There's also the issue that "long term" may be longer than your time horizon.
+1
by Godot
Wed May 01, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 28186

Re: 20 countries where 200K in retirement savings will last you decades

Retiring abroad isn't for everyone. If you're interested in the culture, willing to learn a new language, patient, and enjoy meeting new people, it can be the adventure of a lifetime. And saving money is a big bonus. I retired to a very safe part of Mexico six months ago from NYC. Here's my real-li...
by Godot
Tue Apr 30, 2019 5:34 pm
Forum: Investing - Theory, News & General
Topic: "The market is overvalued"
Replies: 90
Views: 7509

Re: "The market is overvalued"

It's a bubble, but since it will certainly go on for longer than it should, I'm still holding about 30% equities, and periodically rebalancing. You can't fight the Fed. Honest questions: Why 30%? At what point would you add stocks, a 20% drop? A 40% drop? Never again? I assume from his post that he...
by Godot
Tue Apr 30, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: "The market is overvalued"
Replies: 90
Views: 7509

Re: "The market is overvalued"

gmaynardkrebs wrote:
Tue Apr 30, 2019 5:19 pm
It's a bubble, but since it will certainly go on for longer than it should, I'm still holding about 30% equities, and periodically rebalancing. You can't fight the Fed.
Honest questions: Why 30%? At what point would you add stocks, a 20% drop? A 40% drop? Never again?
by Godot
Tue Apr 30, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: out of network emergency visits. Huge bill!!!
Replies: 73
Views: 6202

Re: out of network emergency visits. Huge bill!!!

...You also make it sound as if the OP knew that the price difference would be that large and made an informed choice. There is no way he could have known how much he would have saved going to the other emergency room. I may be cynical but I wouldn't be surprised if he went to an "in-network" emerg...