Search found 42 matches

by MWONE
Sun Jun 28, 2020 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

...My thought is to buy something that we can rent when we move , we are currently looking at townhouses in the 550-600K price range that would rent for at least 2500k/month... At $2500 / month rent you'd be heavily subsidizing someone else to live in a nice house. $550-600K townhome...probably has...
by MWONE
Sun Jun 28, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

Personally I would not want to own 2 homes. And your main concern is whether things may not be as stable in the future as in the past, so you aren't sure how long you will really be there ? Well if "unexpected events" occur that affect your area, then your home could be difficult to sell ...
by MWONE
Sun Jun 28, 2020 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

One more thought; we are currently paying around 3K/month for a small apartment in the Annapolis, Md area. .... we are currently looking at townhouses in the 550-600K price range that would rent for at least 2500k/month. You are paying $3k in rent for a small apartment but you can rent a townhouse ...
by MWONE
Sun Jun 28, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

There is no way I would buy a place if you want to move in five years. If you want you can afford to rent a better place. The wife and I are in are mid 50's..... I am curious as to what others would do in our situation..... ..... Our intention when we retire or semi-retire is to move to the Nashvil...
by MWONE
Sat Jun 27, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

What are your expenses besides rent? $3k sounds high. What has your salary trajectory been like? Your current savings/age/salary info makes you look not so frugal, and you only have so much longer to work. What are your expected expenses in retirement? Our current expenses besides rent are around 2...
by MWONE
Sat Jun 27, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Re: Mid 50's, keep renting or buy?

What are your expenses besides rent? $3k sounds high. What has your salary trajectory been like? Your current savings/age/salary info makes you look not so frugal, and you only have so much longer to work. What are your expected expenses in retirement? Our current expenses besides rent are around 2...
by MWONE
Sat Jun 27, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mid 50's, keep renting or buy?
Replies: 14
Views: 1071

Mid 50's, keep renting or buy?

I am curious as to what others would do in our situation, I will try to keep it short. The wife and I are in our mid 50's, we are currently paying around 3K/month for a small apartment in the Annapolis, Md area. The place we rent is in a nice building, we started renting 2 years ago after we sold ou...
by MWONE
Sat May 16, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5967

Re: Thinking of buying a boat during pandemic – am I CRAZY?

That's a tough one. I think you are exceeding your boat budget and should consider a kayak.
by MWONE
Sun May 03, 2020 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4808

Re: PPP with Wells Fargo

We received confirmation of the loan this morning. Best of luck to everyone dealing with Wells.
by MWONE
Fri Apr 24, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4808

Re: PPP with Wells Fargo

Bump...Just wondering if ANYONE has gotten the loan through Wells Fargo. We have had WF for our personal banking for 17 years. DW owns 2 small businesses, and has had business accounts with WF for 14 years and 3 years, respectively. When she inquired about the PPP at our local WF branch (Dallas are...
by MWONE
Fri Apr 24, 2020 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4808

Re: PPP with Wells Fargo

Bump...Just wondering if ANYONE has gotten the loan through Wells Fargo.
by MWONE
Wed Apr 15, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4808

Re: PPP with Wells Fargo

Received the application today around 6:30 PM (EST).
by MWONE
Tue Apr 07, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: PPP with Wells Fargo
Replies: 55
Views: 4808

Re: PPP with Wells Fargo

Received the same email this morning, we are in their "queue" but have not officially filled out the application. Will update if we hear anything.
by MWONE
Wed Mar 18, 2020 10:44 pm
Forum: Personal Investments
Topic: Help me understand the volatility
Replies: 9
Views: 582

Re: Help me understand the volatility

Shouldn't the worst be priced into the market at this point? I don't understand how things can swing up and down so much, it is minute to minute, hour to hour, and day to day. Is it options? Algorithmic stuff? This can't possibly be the reaction of normal investors, Ah, I'm afraid it is the reactio...
by MWONE
Wed Mar 18, 2020 10:10 pm
Forum: Personal Investments
Topic: Help me understand the volatility
Replies: 9
Views: 582

Re: Help me understand the volatility

The only way that the 'worst', whatever that is, would be completely priced in to the market is if the market strongly believed that the 'worst' would actually happen. In downward trending markets, volatility tends to be much higher than in upward trending markets. This was known well before the cu...
by MWONE
Wed Mar 18, 2020 10:09 pm
Forum: Personal Investments
Topic: Help me understand the volatility
Replies: 9
Views: 582

Re: Help me understand the volatility

Mr. Market is prone to bouts of manic ups and downs, not always the economically shrewd rational guy the academics paint him as. But it can't be the normal investor out there that make the swings happen, it has to be the institutional outlets that make these wild swings happen. It just doesn't make...
by MWONE
Wed Mar 18, 2020 9:44 pm
Forum: Personal Investments
Topic: Help me understand the volatility
Replies: 9
Views: 582

Re: Help me understand the volatility

Mr. Market is prone to bouts of manic ups and downs, not always the economically shrewd rational guy the academics paint him as. But it can't be the normal investor that causes the MAJOR swings, it has to be the institutional outlets that make these wild swings happen. It just doesn't make sense to...
by MWONE
Wed Mar 18, 2020 9:22 pm
Forum: Personal Investments
Topic: Help me understand the volatility
Replies: 9
Views: 582

Help me understand the volatility

Shouldn't the worst be priced into the market at this point? I don't understand how things can swing up and down so much, it is minute to minute, hour to hour, and day to day. Is it options? Algorithmic stuff? This can't possibly be the reaction of normal investors, so it must me major money out the...
by MWONE
Sun Mar 15, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4089
Views: 323854

Re: Coronavirus and the market

:sharebeer The real question in my mind is how long it will take for many of these staple goods to be replenished on store shelves. For at least the next month, as soon as new stock hits the shelves, it will disappear. Thankfully, virtually all paper goods, TMK, are produced domestically, so resuppl...
by MWONE
Fri Mar 13, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

I guess it is a matter of perception. Yes, I do think it is being overhyped as compared to other viruses in the past, and the market is reacting accordingly. That said, I also realize I could be wrong and will keep an open mind and will follow all safety guidelines. MWONE, As I had said before, I d...
by MWONE
Fri Mar 13, 2020 8:50 am
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

I guess it is a matter of perception. Yes, I do think it is being overhyped as compared to other viruses in the past, and the market is reacting accordingly. That said, I also realize I could be wrong and will keep an open mind and will follow all safety guidelines. MWONE, As I had said before, I d...
by MWONE
Fri Mar 13, 2020 8:10 am
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

MWONE, China is not a capitalist and democratic country. China quarantined half of her country about one month ago. And, China passed a law to arrest anyone in China that posted any news on the Coronavirus. So, whatever reason that forces China to quarantine her county is definitely not based on ov...
by MWONE
Thu Mar 12, 2020 11:05 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

It is very logical that stock market should tank when economic activity is curtailed in response to the epidemic. It is not just the number of deaths. We could have an earthquake tomorrow kill more than Covid and stock market will stay good. See Tsunami disaster for an event with a huge human toll ...
by MWONE
Thu Mar 12, 2020 10:47 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

It is very logical that stock market should tank when economic activity is curtailed in response to the epidemic. It is not just the number of deaths. We could have an earthquake tomorrow kill more than Covid and stock market will stay good. See Tsunami disaster for an event with a huge human toll ...
by MWONE
Thu Mar 12, 2020 10:41 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

This is a virus that leaves 80% of people infected feeling fine, 20% of people ill enough to need medical attention, and of that 20% - almost all of them will live. Why bother with facts? Especially when the overall mortality rate will be even lower as the confirmed cases total increases - since mo...
by MWONE
Thu Mar 12, 2020 10:26 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

Folks, You have a choice. You can assume that this is just a mass hysteria and everyone else in the world except you is crazy. And, they decided to destroy the economy/businesses/daily lives by quarantine and shut down schools, NBA, NCAA, MLB and so on. Or, this Coronavirus is more than "just ...
by MWONE
Thu Mar 12, 2020 10:17 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

It is very logical that stock market should tank when economic activity is curtailed in response to the epidemic. It is not just the number of deaths. We could have an earthquake tomorrow kill more than Covid and stock market will stay good. See Tsunami disaster for an event with a huge human toll ...
by MWONE
Thu Mar 12, 2020 10:09 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

Folks, You have a choice. You can assume that this is just a mass hysteria and everyone else in the world except you is crazy. And, they decided to destroy the economy/businesses/daily lives by quarantine and shut down schools, NBA, NCAA, MLB and so on. Or, this Coronavirus is more than "just ...
by MWONE
Thu Mar 12, 2020 10:01 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

It is very logical that stock market should tank when economic activity is curtailed in response to the epidemic. It is not just the number of deaths. We could have an earthquake tomorrow kill more than Covid and stock market will stay good. See Tsunami disaster for an event with a huge human toll ...
by MWONE
Thu Mar 12, 2020 9:50 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

This is a virus that leaves 80% of people infected feeling fine, 20% of people ill enough to need medical attention, and of that 20% - almost all of them will live. Why bother with facts? Especially when the overall mortality rate will be even lower as the confirmed cases total increases - since mo...
by MWONE
Thu Mar 12, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7685

Re: How is this pandemic different than 2008?

One Washington information source claims it will only kill 1% of the people infected. Others will be pretty darn sick no doubt. A good bowl of onion soup wouldn't hurt. It only lasts on doorknobs 3 or 4 days. patrick013, So, it is only 10 times worse than the flu (0.1%). KlangFool I don't know. It ...
by MWONE
Thu Mar 05, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Be fearful when others are greedy. Be greedy when others are fearful.
Replies: 129
Views: 9413

Re: Be fearful when others are greedy. Be greedy when others are fearful.

vipertom1970 wrote: Thu Mar 05, 2020 7:38 pm 50 yo, retired, still greedy and got a lot of dry powder to unload. Bought $225,000 when the DOW was at 25,405 next big purchase if the DOW drops 23,500 then all in when DOW hits 18,000 then just let it ride.
This is how money is made, IMHO.
by MWONE
Mon Feb 17, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ever sell a house or land via auction?
Replies: 4
Views: 388

Ever sell a house or land via auction?

My wife and I are helping my mother-in-law sell her home and land (to be subdivided) so she can move to a retirement community. Through the process of cleaning up her property we met an auctioneer who explained to us the possible benefits of selling her house and land via auction instead of listing ...
by MWONE
Wed May 22, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 192
Views: 22169

Re: just a general comment about "too conservative" investors here

Grt2bOutdoors wrote: Wed May 22, 2019 5:16 pm
yousha wrote: Wed May 22, 2019 4:50 pm At 80 years of age, I have 75% in equities. Portfolio is $5.7 million. Doing exceptionally well.
Within the realm of Graham's no less than 25% in bonds and no more than 75% in equities. The general comment refers to those who don't have upper 7 figure portfolios.
Amen...... :sharebeer
by MWONE
Mon May 20, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Re: Cost of Land Appraisal

Pricing for commercial appraisals is much different that residential appraisals. Here is your best resource for finding a qualified appraiser: https://www.appraisalinstitute.org/ MAI is top designation. Thank you for this suggestion. I ended up finding an appraiser through this organization who has...
by MWONE
Thu May 16, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Re: Cost of Land Appraisal

Do you believe that the county's assessment is very far off from FMV? Otherwise why not use their valuation? Yes, I do. The county assessment is 450K, I believe it can be sold for much more than that. Our assumption is the appraisal will come in much higher, therefore lowering our capital gains whe...
by MWONE
Thu May 16, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Re: Cost of Land Appraisal

1st & most obvious question: if you are only wanting a cost basis, have you checked with executor of estate? Many cases they have to do one & you’d likely be well served to match that. You said “recently” inherited – the appraiser should be able to give you something back to date of death &...
by MWONE
Wed May 15, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Re: Cost of Land Appraisal

That appraisal price is high if this is rural land surrounded by miles of other rural land. The price is low or reasonable if this tract is in a booming suburban area with complicated zoning rules and builders salivating for available land. You want an appraiser who primarily works in that area, no...
by MWONE
Wed May 15, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Re: Cost of Land Appraisal

Did you perhaps get an estimate for a survey instead of an appraisal?

Thanks for the responses. No, this is not for a survey, just an appraisal.
by MWONE
Wed May 15, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1477

Cost of Land Appraisal

Hello all, My wife and I recently inherited 127 acres of land in North Carolina. We would like to get it appraised so we know what cost basis we are working with and have put out requests to several companies for an estimate. The first company came back with an estimate of $3750, which seemed like a...
by MWONE
Tue Dec 11, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 23791

Re: What Happened to you during the Financial crisis of 2007–2008

I was 42 and remember the fallout, but didn't pay much attention to it at the time because we knew we were in for the long haul. I am glad I didn't pay much attention, as it allowed me to eliminate the noise and keep maxing out our 401K. Now that I'm a bit older and closer to retirement, I have a mu...