Search found 47 matches

by Bern
Thu Sep 26, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1211

Re: How do you maximize an IPO purchase?

re. "Maybe it will be on the open market for less than the S-1 price"
and "Remember FB stock".

Good point @sd323232 and @Mototrojan.

Sometimes it's good "we don't always get what we want".

Thank you both for sharing your experience.
by Bern
Tue Sep 24, 2019 11:12 am
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1211

Re: How do you maximize an IPO purchase?

You can access the S-1 (the name of the filing form at the SEC) prospectus at the SEC Edgar site. Just search the company's name. It will give you an idea of the number of shares and the expected price per share range of the offering, as well as the financials and management information. Depending ...
by Bern
Tue Sep 24, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1211

Re: How do you maximize an IPO purchase?

You call your broker and ask them the same question. I called three of the four institutions involved with issuing the IPO. One is on the institutional side only, the other doesn't provide pre purchasing and the third, which does provided pre purchasing, requires a minimum of 10m to open a trading ...
by Bern
Fri Sep 20, 2019 8:10 pm
Forum: Investing - Theory, News & General
Topic: How do you maximize an IPO purchase?
Replies: 14
Views: 1211

How do you maximize an IPO purchase?

A company I've been following for several years has registered an initial public offering of common stock worth over 100 million. The number of shares or price range has not been disclosed. Four institutions will be offering the shares of the IPO. I believe in their product and would like to invest ...
by Bern
Wed Sep 11, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Update and Advice Needed Re: Any Recourse for Poor Contractor Work (A/C Installation)
Replies: 44
Views: 3225

Re: Any Recourse for Poor Contractor Work (A/C Installation)

Another option might be contacting the manufacturer of the unit, in which they may have a distributorship. This might get someone's attention for a remedy.
by Bern
Tue Sep 03, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: I have 8 checking accounts?????
Replies: 32
Views: 4455

Re: I have 8 checking accounts?????

If you have a long history of transactions at a particular bank, don't close the account. If you do they will eventually purge your records which could prove useful at some point. Also with a business, you may receive a random check to deposit, like from a class action settlement. If the business ac...
by Bern
Thu Aug 08, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

To put it simply, after the 2nd bendpoint, it takes $21K to increase the SS benefit at FRA by $100 per year. A job at $7.25/hr 40 hrs per week provides about $15K/yr, so 2 of those years is $30K, so a bit under $150/yr increased SS benefit at FRA. If you were forced from you old job, I wouldn't tak...
by Bern
Sun Aug 04, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

If those $1,000 years were decades ago, they will slate significantly higher as indexed earnings. They may not be throw-away zeros. Thanks! A very astute observation. Actually they're from highschool and teenage years. So the $1000 years would be replaced only if the new earning years are above the...
by Bern
Sun Aug 04, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

I know how to calculate social security benefits, I was wondering what the OP meant by 33 years of work history as an average. Ah, sorry, my mistake. This person actually has 38 years of work experience. However five of these years are below $1000. So to simplify the question I mentioned 33 years o...
by Bern
Sun Aug 04, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

The answer is no. Nobody who has already met the minimal requirements for Social Security should work an additional 2 years at minimum wage just to fill up their work history to 35 years. No matter where you are on the curve, your actual earnings at the minimum wage job will outstrip the additional...
by Bern
Sun Aug 04, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

The SS calculator is very precise. But does it factor this:

MarketWatch - "There’s no denying the program needs help. If nothing is done to support Social Security, monthly checks to individuals may be cut 23% by 2034. The situation is dire." :confused
by Bern
Sat Aug 03, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Re: Only 33 years work history / Social Security:

It depends on the value in the non-zero years, but it is mostly probably a fairly modest change to social security to work 2 more years. For example, if you had hit the maximum taxable earnings for each of the 33 years, you would be looking at $3,665/month (retiring in 2019 at 70, ie best case). Ha...
by Bern
Sat Aug 03, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Only 33 years work history / Social Security:
Replies: 23
Views: 5385

Only 33 years work history / Social Security:

Re. Social Security: Only 33 years work history (avg. taken from top 35) Someone has 33 years work history before becoming ill forcing retirement. However they are now able to do minimum wage work. Is it worthwhile to work 40 hours per week at minimum wage just to cancel two zero work years in order...
by Bern
Thu Jun 20, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Recommend Cheap Windows Desktop for TurboTax
Replies: 13
Views: 2242

Re: Recommend Cheap Windows Desktop for TurboTax

Hello Bern, this is a 2 year old thread, and Nektorok hasn’t been active for several months, but I’ll take a crack at it. Whatever you choose, you’re going to need to connect to the internet, either by tethering to your phone, buying a hotspot device, or getting wired internet to your house. Whethe...
by Bern
Thu Jun 20, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Recommend Cheap Windows Desktop for TurboTax
Replies: 13
Views: 2242

Re: Recommend Cheap Windows Desktop for TurboTax

https://www.newegg.com/Product/Product.aspx?Item=N82E16883800012 https://www.amazon.com/Intel-Compute-Computer-Processor-BOXSTK1AW32SC/dp/B01AZC4NHS/ref=pd_sim_147_1?_encoding=UTF8&psc=1&refRID=S4Q0NFBNQQNFX0NKB5DB try a compute stick? $130 new and should be more reliable than a used pc that is alr...
by Bern
Mon May 20, 2019 10:16 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

Sure, but why? You can spread it out over multiple institutions yourself, but there are also services that will do it for you. Yes, probably could of, should of laddered this but the rate was substantially higher and at the time it looked like this was the height of a spike, which it was. Brokered ...
by Bern
Sun May 19, 2019 2:48 pm
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

The rating of the bank is at the present time. You are holding a 5-year CD. What will the rating be over the next 5 years. When we had the banking crises, some years back, some of the largest, oldest, and most "solid" banks failed. There does not seem to be a good reason to exceed the FDIC coverage...
by Bern
Sun May 19, 2019 9:06 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

Thanks. Think I'll leave it as is, especially since it's a very solid institution with no hurdles in sight. Being ultra conservative is almost borderline crazy! Thankfully the bank forgot to divert this one CD from compounding my interest. :happy Have you determined your FDIC coverage based on owne...
by Bern
Sat May 18, 2019 4:11 pm
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

The rating of the bank is at the present time. You are holding a 5-year CD. What will the rating be over the next 5 years. When we had the banking crises, some years back, some of the largest, oldest, and most "solid" banks failed. There does not seem to be a good reason to exceed the FDIC coverage...
by Bern
Sat May 18, 2019 10:43 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

Thanks. Think I'll leave it as is, especially since it's a very solid institution with no hurdles in sight. Being ultra conservative is almost borderline crazy! Thankfully the bank forgot to divert this one CD from compounding my interest. :happy
by Bern
Sat May 18, 2019 10:29 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

Re: FDIC Coverage Limits

Thanks. I opened three CD accounts. All were supposed to post the interest to the associated savings accounts. Two of the accounts actually post to savings but the bigger joint account compounds the interest. Actually this is a good thing just this overage amount is uninsured over the next 5 years (...
by Bern
Sat May 18, 2019 10:15 am
Forum: Personal Investments
Topic: FDIC Coverage Limits
Replies: 22
Views: 1493

FDIC Coverage Limits

Is it okay to exceed FDIC limits on a high interest rate 5 year CD if the bank is highly rated? Only the compounded interest is at risk. The principal is within insurance limits.
by Bern
Sun Feb 10, 2019 10:27 pm
Forum: Personal Investments
Topic: Separately Managed Accounts (SMA's)
Replies: 1
Views: 245

Separately Managed Accounts (SMA's)

Hello everyone, Any advice on which brokerage firm is best able to provide a municipal bond ladder? (Access to the highest rated and highest return munis.) I was reading how brokerage firms partner to provide specialized services. Like Schwab utilizes Pimco, ML uses BoA. ..... (this info could be fa...
by Bern
Sat Feb 09, 2019 10:03 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Bern - If you can truly live off 40k per year, then CDs are a safe, solid choice. It is not hard to find CDs with maturities from 2 to 5 years yielding 3%+, although rates have started to drop once again and you will have to look harder. The 3.7% 5-yr CD is paying 1.8% real, which is way better tha...
by Bern
Sat Feb 09, 2019 8:00 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

must be "good investments". I feel like I got my money back multiple times. Larry doesn't post much any more; here's one of my favorites LS posts: https://www.bogleheads.org/forum/viewtopic.php?p=1372822#p1372822 and a W. Bernstein contribution: https://www.bogleheads.org/forum/viewtopic.php?p=1869...
by Bern
Sat Feb 09, 2019 7:47 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Really Big Question. . . . Why do you have to decide and act on that CD right now??? :confused I don't think I can make this CD rate return with other investments without likely loss of principal. I don't think CD rates are going up for a long time. No one knows, just my gut telling me. Hopefully m...
by Bern
Sat Feb 09, 2019 10:32 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

I lock in rates go up, I miss out. I wait and rates go back to zero, I lose. Everybody is thinking the same thing....timing is everything. When I have a CD to redo, I don't park the money and wait for a better rate, after shopping around, I just take the best available. I do consider the early with...
by Bern
Fri Feb 08, 2019 12:18 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Question please. If you had 2M and could invest 1.5M in a 5yr CD at 3.7% would you do it? If not how much would you place in this CD if any? 2M is all you have. No debt and 40k annual living expenses. There is an option to auto transfer the dividends out of the CD into savings where I will withdraw...
by Bern
Fri Feb 08, 2019 7:02 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

thanks Hudson, I hear you loud and clear.

and concerning greed: even if CDs go to 6, at 3.7 the glass is more than half full.
by Bern
Fri Feb 08, 2019 12:25 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Regarding inflation, I'm not much of a consumer, so the 40k I need is mostly necessities. I can always shop for low price discount items to fight inflation. [...] I'm a simple person, my money is drenched with blood, sweat and tears. Losing this money would void thirty five years of hard work and s...
by Bern
Fri Feb 08, 2019 12:14 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Regarding laddering CDs, this assumes CDs will not revert back to zero as they were for ten years. What happens if CD's revert back to zero in 5 years, just as your one big CD is maturing? Then I will be closer to SS. But would rather delay and get a job of some sort (I've been thinking of doing th...
by Bern
Thu Feb 07, 2019 9:31 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Regarding inflation, I'm not much of a consumer, so the 40k I need is mostly necessities. I can always shop for low price discount items to fight inflation. [...] I'm a simple person, my money is drenched with blood, sweat and tears. Losing this money would void thirty five years of hard work and s...
by Bern
Thu Feb 07, 2019 2:17 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Yes, I qualify for SS when old enough. I have 32 years employment with many years over the max contribution. My wife also qualifies. The thing that concerns me is a catch 22. I lock in rates go up, I miss out. I wait and rates go back to zero, I lose. Greed is at play. That is the problem with putt...
by Bern
Thu Feb 07, 2019 1:45 pm
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Sorry, I forgot to mention, I'm late 50's and have zero income. No risk tolerance. This CD will be my only income. Which would vary depending on how much I decided to commit: 1m = 37k, 1.25m = 47k, 1.5m = 56k Will you qualify for SS? Will the interest be enough to support your income needs until yo...
by Bern
Thu Feb 07, 2019 10:30 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

I would not do it but it looks ok to me (75/25 fixed to cash allocation which is low risk). As others have said, make sure you structure it so all your CDs are fully insured by FDIC. Keep an eye on unexpected inflation. When you go to re-invest in five years, you may face a difficult situation. Whe...
by Bern
Thu Feb 07, 2019 1:07 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

Re: CD investment decision

Sorry, I forgot to mention, I'm late 50's and have zero income. No risk tolerance.

This CD will be my only income.

Which would vary depending on how much I decided to commit:
1m = 37k, 1.25m = 47k, 1.5m = 56k
by Bern
Thu Feb 07, 2019 12:49 am
Forum: Personal Investments
Topic: CD investment decision
Replies: 55
Views: 4726

CD investment decision

Question please. If you had 2M and could invest 1.5M in a 5yr CD at 3.7% would you do it? If not how much would you place in this CD if any? 2M is all you have. No debt and 40k annual living expenses. There is an option to auto transfer the dividends out of the CD into savings where I will withdraw ...
by Bern
Mon Feb 04, 2019 1:46 pm
Forum: Personal Investments
Topic: High Quality Municipal Bonds
Replies: 18
Views: 1452

Re: High Quality Municipal Bonds

After researching, my tax bracket is low so muni rates are not attractive. Next question: if I find an attractive CD rate, is it advisable to exceed FDIC limits to take advantage of this high CD rate? Can I view the bank institutional risk as similar to the risk of a single municipal bond? Now that ...
by Bern
Sat Feb 02, 2019 9:26 am
Forum: Personal Investments
Topic: High Quality Municipal Bonds
Replies: 18
Views: 1452

High Quality Municipal Bonds

Hello everyone, I like CD's, my risk tolerance is very low. For decades my friend has done high quality tax free municipal bonds which served him well through the past ten years while CD rates were zero. He commits huge sums long-term and holds until maturity claiming at least his principal is safe ...
by Bern
Tue Jan 29, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 71
Views: 4371

Re: External Hard Drive?

Solid state laptop hard drive, inserted into an external hard drive case the size if a thin deck of cards. This connected to CPU or laptop via USB. Or quality thumb drives.
by Bern
Thu Dec 27, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 10167

Re: What common everyday inconvenience have you intentionally suffered for frugality?

AhHa... this explains employees using several rolls of TP and PT per day along with several gallons of drinking water. They also like to use time on the clock for doing their personal online shopping and bill payments. re."Frugal is making sure you you only need to go during work hours so you can us...
by Bern
Sun Dec 02, 2018 9:14 pm
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2491

Re: Simple Person Needs Simple Advice Regarding Retirement

There is so much good advice in the comments above I'm going to go through each reply and write everything down. Every comment has something I must remember by listing on paper. My bank accounts are all spread out from years ago when CD rates were six percent. I'll consolidate everything into severa...
by Bern
Sun Dec 02, 2018 5:08 pm
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2491

Re: Simple Person Needs Simple Advice Regarding Retirement

Thanks ResearchMed, I'll remember this. If I remember correctly one of the gentlemen is an estate attorney. I'm never quick to trust people but I do need to get this money in CD's soon starting in January, at least one year CDs.... I guess. I get paralysis by analysis which is costing me dollars eve...
by Bern
Sun Dec 02, 2018 4:09 pm
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2491

Re: Simple Person Needs Simple Advice Regarding Retirement

Thank you everyone for your responses which will go to good use. I'm really glad I found this site and posted my question. Every single reply is as if people really care which is very encouraging. What can I say but thank you, I hope your life is going well. I know of an estate planner and also a fi...
by Bern
Sun Dec 02, 2018 10:17 am
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2491

Re: Simple Person Needs Simple Advice Regarding Retirement

Thank you. I've always heard to stay away from annuities but as you said, it may be a good fit for some of my money now.
by Bern
Sun Dec 02, 2018 9:36 am
Forum: Personal Investments
Topic: Simple Person Needs Simple Advice Regarding Retirement
Replies: 26
Views: 2491

Simple Person Needs Simple Advice Regarding Retirement

What to do now that a medical condition forced my business to close after 25 years. I had planned on working another 10 years but now my earnings have ended as have my contributions to savings. My mental faculties are very limited now. I have greatly simplified my life to deal with this. Selling a b...
by Bern
Fri Nov 30, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 5126

Re: How do Bogleheads justify taking vacation?

I'm a lot like you. I've been on a few vacations and traveled outside the continent several times. Now that I'm older the things I like don't include the hassles and expense of traveling. Once you've done it you realize most people brag and overrate their travel experiences. With the internet you ca...