Search found 98 matches

by skipper
Wed Feb 10, 2021 6:24 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 28974

Re: The Power of Working Longer

Update: I decided to buy the BBQ pit, not change my retirement date, and not increase (or decrease) my savings rate. Stickin' it to the man!
by skipper
Sun Feb 07, 2021 12:37 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 450
Views: 28974

Re: The Power of Working Longer

I look at the PoWL differently than has been addressed thus far (though a few posts have implied my point, I believe). I've trimmed the OP quote to shift the focus to my point of view; am I understanding this correctly: The relative power of saving more is even lower if the decision to increase savi...
by skipper
Sat Feb 06, 2021 7:13 am
Forum: Investing - Theory, News & General
Topic: PSA: gold
Replies: 128
Views: 13711

Re: PSA: gold

2/5/2021 I used the bounce in metals to exit my PM trading positions today, no change to core positions. I admit to having been caught up in the "silver short squeeze" meme and should have taken profits much sooner. When I find myself counting possible $$$'s it's usually a sign that the m...
by skipper
Fri Feb 05, 2021 6:20 pm
Forum: Investing - Theory, News & General
Topic: PSA: gold
Replies: 128
Views: 13711

Re: PSA: gold

2/5/2021 I used the bounce in metals to exit my PM trading positions today, no change to core positions. I admit to having been caught up in the "silver short squeeze" meme and should have taken profits much sooner. When I find myself counting possible $$$'s it's usually a sign that the m...
by skipper
Thu Feb 04, 2021 6:13 am
Forum: Personal Investments
Topic: Heads up! Fidelity 2FA Temporarily Disabled!
Replies: 38
Views: 3147

Re: Heads up! Fidelity 2FA Temporarily Disabled!

I don't care about the 2FA (trusted), but this morning Fidelity gave a pingback that the page could not be trusted and would not load. Tried Reload, didn't work. So I closed the tab came here for my morning forum review and saw this post. Opened a new tab, went to fidelity.com, and I'm logged in wit...
by skipper
Wed Feb 03, 2021 8:38 am
Forum: Investing - Theory, News & General
Topic: Madness of Crowds
Replies: 104
Views: 8209

Re: Madness of Crowds

Go watch Boiler Room , Margin Call , and Wall Street for entertainment and further temperance. The movie " Margin Call " is exquisite - an unnamed investment bank on the brink. I would also recommend " Boiler Room " which is a forensic depiction of biotech stock fraud in the 199...
by skipper
Tue Feb 02, 2021 7:59 pm
Forum: Investing - Theory, News & General
Topic: 401K Contributions. Why a percentage?
Replies: 29
Views: 1924

Re: 401K Contributions. Why a percentage?

It's a good question that could be solved more precisely IF they would let you express your percent with a few decimal places. IF I know what I'm talking about, my plan with Fidelity only allows a % as a whole number, which leaves a little money on the table one way or the other. It bothered me the ...
by skipper
Tue Feb 02, 2021 7:41 pm
Forum: Investing - Theory, News & General
Topic: Madness of Crowds
Replies: 104
Views: 8209

Re: Madness of Crowds

"A person is smart. People are dumb, panicky dangerous animals and you know it." -MiB Mainly people at work. You know how you're not supposed to talk about your salary or paycheck at work? In addition, those two things we're not supposed to talk about on the forum and your/others' investm...
by skipper
Tue Feb 02, 2021 12:39 am
Forum: Investing - Theory, News & General
Topic: Does anyone feel like you are doing investing all wrong?
Replies: 127
Views: 10316

Re: Does anyone feel like you are doing investing all wrong?

OP, this quote on p504 pretty much sums it up (just before folks lament the loss of their savings):

My only advice? In real life, take your time. Nothing rash. Life is big. This is the essence of the BH way.
by skipper
Sun Jan 31, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cash or 0.9% finance?
Replies: 14
Views: 1300

Re: Cash or 0.9% finance?

In 2018 we bought a new Honda Pilot for my wife. I'm 67 yo and had never purchased a vehicle on credit, always cash. The sales manager tried to steer me into purchasing the Pilot with 0.9% Honda credit. I insisted that I would pay cash and wrote them a check for the full amount. That night I got to...
by skipper
Sun Jan 31, 2021 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Cash or 0.9% finance?
Replies: 14
Views: 1300

Re: Cash or 0.9% finance?

In 2018 we bought a new Honda Pilot for my wife. I'm 67 yo and had never purchased a vehicle on credit, always cash. The sales manager tried to steer me into purchasing the Pilot with 0.9% Honda credit. I insisted that I would pay cash and wrote them a check for the full amount. That night I got to...
by skipper
Fri Jan 29, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cash or 0.9% finance?
Replies: 14
Views: 1300

Re: Cash or 0.9% finance?

Agree slam dunk. Why not take the loan then invest the 30k lump sum into the market (assuming you can pay the note outside of these funds). I am three years into a 0.9% car loan with three years to go. Those years sure do seem to pass slowly, BUT the payment is budgeted in so staying the course.
by skipper
Thu Jan 28, 2021 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Final Health Care Instructions - no-life-sustaining procedures statement
Replies: 54
Views: 2853

Re: Final Health Care Instructions - no-life-sustaining procedures statement

Some states treat DNRs & POLSTs differently. In my state, a DNR can be overturned by anyone on scene who does not feel comfortable letting the person go, even a non family member. A POLST cannot legally be overturned w/o patient consent. I have persomally seen this happen. This could be importa...
by skipper
Wed Jan 27, 2021 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Final Health Care Instructions - no-life-sustaining procedures statement
Replies: 54
Views: 2853

Re: Final Health Care Instructions - no-life-sustaining procedures statement

These responses are getting better and more informative and more thorough. I just completed all my paperwork and had conversations with HCA (DHPOA) who is my DW with DM as alternate. We all want the same thing so we are in agreement and can/should be able to carry it out. I even went so far as to ob...
by skipper
Wed Jan 27, 2021 10:53 pm
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 135
Views: 4921

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

PSA for rebalancers: did you ever consider that the quick recoveries of recent crashes may have conditioned you poorly for future unexpected conditions? The next bear could be deep and long. We don't know. Good point there. I failed all three as I didn't even look at my 3-fund and didn't have an IP...
by skipper
Wed Jan 27, 2021 10:23 pm
Forum: Personal Investments
Topic: Are Emergency Funds Part of Asset Allocation?
Replies: 29
Views: 1926

Re: Are Emergency Funds Part of Asset Allocation?

I answered this somewhat in another thread but it bears mentioning again, if only to keep reminding myself of the revised IPS I wrote regarding cash. When DW and I paid off the mortgage, we agreed to keep paying the monthly house payment into cash savings. Well I went off and started investing that ...
by skipper
Wed Jan 27, 2021 2:24 pm
Forum: Personal Investments
Topic: Where to put life insurance proceeds?
Replies: 13
Views: 770

Re: Where to put life insurance proceeds?

If you're worried about investing to meet 10 years' worth of obligations after your demise, then you don't have enough insurance. Term is so cheap - don't under-buy. 10x salary should be adequate, since it will be tax-free. I'd tell my wife to "invest" a portion of it by paying off the mo...
by skipper
Wed Jan 27, 2021 8:45 am
Forum: Personal Investments
Topic: Where to put life insurance proceeds?
Replies: 13
Views: 770

Re: Where to put life insurance proceeds?

I've been wondering this same thing. I bet it depends on the size of the payout, what other proceeds are available, what type accounts they are in, and what they are invested in. Don't answer that until some of the smart people ask for it! :happy Without knowing anything else, and pretend the insura...
by skipper
Wed Jan 27, 2021 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Buying AirPods with 529 money?
Replies: 23
Views: 2367

Re: Buying AirPods with 529 money?

I mean, it's not like some person in a basement at the IRS is going to look at the receipts and say "Airpods! Airpods!?! To the Taxmobile!" I laughed out loud at this :mrgreen: I did too! Hey @OP; I wasn't dogging you, I winked. Let your conscience be your guide. It's not like AP's are ex...
by skipper
Tue Jan 26, 2021 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying AirPods with 529 money?
Replies: 23
Views: 2367

Re: Buying AirPods with 529 money?

I mean, it's not like some person in a basement at the IRS is going to look at the receipts and say "Airpods! Airpods!?! To the Taxmobile!" I laughed out loud at this :mrgreen: I did too! Hey @OP; I wasn't dogging you, I winked. Let your conscience be your guide. It's not like AP's are ex...
by skipper
Tue Jan 26, 2021 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying AirPods with 529 money?
Replies: 23
Views: 2367

Re: Buying AirPods with 529 money?

An old boss used to tell me, whenever I tried doing things he didn't like, "Let your conscience be your guide." :wink: "What is a conscience! I'll tell ya! A conscience is that still small voice people won't listen to. That's just the trouble with the world today." -Jiminy Cricket
by skipper
Tue Jan 26, 2021 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Final Health Care Instructions - no-life-sustaining procedures statement
Replies: 54
Views: 2853

Re: Final Health Care Instructions - no-life-sustaining procedures statement

I read the excerpt several times and still can't figure out what "food mouth" is. :confused Did they mean to say "mouth food" or "food by mouth" perhaps? Maybe everyone else got it and I'm the only one that missed it. And that last sentence hanging out there by itself; ...
by skipper
Tue Jan 26, 2021 7:26 pm
Forum: Personal Investments
Topic: cash or bonds?
Replies: 10
Views: 1065

Re: cash or bonds?

Won't touch the money for 20 years. Are you sure about the statement above? ^^^^ If so, I'd consider a stock index fund. If it's really an emergency fund, then I'd stick to cash or bonds. Regards, This. If not touching for 20 years, then should it really be cash? I had a similar malfunction in Marc...
by skipper
Mon Jan 25, 2021 11:08 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13435

Re: Any boring investors left?

I check all 10 boxes. I knew I was in good company! Me too! The only open issue is our AA is off 5% from our target 60:40. Have not decided when I should rebalance or whether I should rebalance at all. Wow that sounds totally un-boring. You might need to go bore yourself with an IPS. ( :shock: I mi...
by skipper
Mon Jan 25, 2021 10:59 pm
Forum: Personal Investments
Topic: What do People on this Forum Expect for Return (Basing on book, Serious Money)
Replies: 46
Views: 4254

Re: What do People on this Forum Expect for Return (Basing on book, Serious Money)

@OP... I read The Bogleheads' Guide to Investing again last night and there was a reference to the Dalbar study (flawed or not makes no difference to this comparison): "According to Dalbar, Inc. of Boston, from 1993 to 2012, the S&P Index 500 averaged a gain 8.21 percent per year. However, ...
by skipper
Mon Jan 25, 2021 10:42 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13435

Re: Any boring investors left?

Yes, I'm "boring". I am new to the Bogleheads forum although I've been lurking for a long time and led here from many web searches. A few weeks ago I decided to leave once and for all from another forum that I'd been a member of for a decade. The community started out discussing buy and h...
by skipper
Sat Jan 23, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do we really need a Will or Trust
Replies: 26
Views: 1475

Re: Do we really need a Will or Trust

I like humblecoder's #4 and tough love the most so far. Fellow BH'er Ben Mathew recommended Get Your Ducks in a Row , which helped me understand all of the different things a person needs for estate planning. I've read it through a few times and I recommend it also; my forms and plans are complete. ...
by skipper
Fri Jan 22, 2021 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Recommending Dave Ramsey?
Replies: 63
Views: 4606

Re: Alternatives to Recommending Dave Ramsey?

Anyway, it's okay if you don't want to associate your advice with a particular personality, but you can say that up front. "Look I don't agree with a lot of what this guy says, but his advice on (blank) will give you a great start." Even our worst enemies have things we can learn from. I ...
by skipper
Fri Jan 22, 2021 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage/ anything to be aware of?
Replies: 30
Views: 3367

Re: Paying off mortgage/ anything to be aware of?

The lien release, AKA release deed where I live, may not be automatically mailed to you by the mortgage company. I had to get it from the courthouse myself. The mortgage company did send a letter of congratulations confirming I had paid off the loan, but the document I wanted was recorded only in th...
by skipper
Fri Jan 22, 2021 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

Depending on how good the new employer is at negotiating, be ready for this response, "We can't do that, but we can do this." And depending on how locked in to the new job you are and your negotiating skills, you might be in a "take this or leave it" situation. I'm thinking throu...
by skipper
Fri Jan 22, 2021 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Alternatives to Recommending Dave Ramsey?
Replies: 63
Views: 4606

Re: Alternatives to Recommending Dave Ramsey?

Someone upthread admitted it took two times around to get on the right track. Most times the listener has to be in the right place for the speaker to have an impact. I was a debt hog and listened to some non-DR, but DR-like advice that would have really made the OP and some others' blood boil, but I...
by skipper
Fri Jan 22, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

Bare minimum would be $1000/month allowance. :lol: That's funny, right there! I have a fleet vehicle. I prefer it. For the same benefits, rough math gets me to $1,000 per month. When the company discussed allowances it was closer to $600 per month. So if the humor is "good luck getting $1k/mon...
by skipper
Fri Jan 22, 2021 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

4. You already have an idea of what your annual mileage will be, so multiply that either by the IRS rate ($0.55/mile, probably too extreme) OR figure your MPG and multiply by the average cost of fuel now (what I would do). 5. Maintenance is a tough one; I wouldn't include more than regular maintena...
by skipper
Fri Jan 22, 2021 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Vehicle allowance vs Fleet Vehicle
Replies: 23
Views: 1712

Re: Vehicle allowance vs Fleet Vehicle

1. You didn't include insurance in your list of projected new expenses; don't forget that. 2. When you say 'allowance' do you also mean the cost of the vehicle itself (you only put loan finance charges in your list; see #3). 3. I would calculate a baseline on your old fleet vehicle, discounting depr...
by skipper
Wed Jan 20, 2021 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Should I paydown 1% interest family loan?
Replies: 39
Views: 2062

Re: Should I paydown 1% interest family loan?

I was going to make the case for continuing your remaining 6-year plan, similar to my car loan at 0.9% with 3 years remaining. The difference is the car finance company has no expectation of my paying off the loan early, though they allow it. In your case, the expectation is to keep increasing the p...
by skipper
Sun Jan 17, 2021 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Worth financing car purchase (temporarily) for incentive?
Replies: 21
Views: 1466

Re: Worth financing car purchase (temporarily) for incentive?

invest the purchase price of the car in a HY account of some kind, earn the 2-3% on the money I don't think there are any savings accounts (or money market accounts) paying near that amount these days, nor will there be for the foreseeable future. Even high yield online accounts are down to less th...
by skipper
Sun Jan 17, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Worth financing car purchase (temporarily) for incentive?
Replies: 21
Views: 1466

Re: Worth financing car purchase (temporarily) for incentive?

When auto loans are going for 0% anywhere from 3-7 years these days, wouldn't it make sense to invest the purchase price of the car in a HY account of some kind, earn the 2-3% on the money and collect the $500? Assume a $25k car financed at 0% for 48 months; invest the 25k in a 2% account that compo...
by skipper
Sun Jan 17, 2021 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign mom’s mortgage?
Replies: 28
Views: 2564

Re: Should I co-sign mom’s mortgage?

I'm just here to say I think no one should ever, ever, never, ever cosign for siblings... and almost never, ever for parents. I'm just here to add I think no one should ever, ever, never, ever cosign for children... and almost never, ever for spouses. I, too, would give or loan money before co-sign...
by skipper
Sun Jan 17, 2021 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Questions about making a will
Replies: 59
Views: 3424

Re: Questions about making a will

cheese_breath wrote: Sun Jan 17, 2021 2:17 am
skipper wrote: Sun Jan 17, 2021 2:01 am ....While I agree with what cheese_head said...
Woah, I'm not a Packers fan... :shock:
:oops: Haha. Guess I still had visions of the game tonight when I was typing. Sorry breath! :beer

Edit: Missed my chance to say, "My bad, breath." 8-)
by skipper
Sun Jan 17, 2021 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Questions about making a will
Replies: 59
Views: 3424

Re: Questions about making a will

I'm just now getting to my will at 50 with no minor children. I explored Willmaker, LegalZoom and a couple other online options and decided against all of them for the same reason I do not like finance software; the black box effect. You input your information into their system and they spit it out ...
by skipper
Sat Jan 16, 2021 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with gold coins? Help me decide.
Replies: 44
Views: 3132

Re: What to do with gold coins? Help me decide.

You already said it was financially immaterial, so... buy a little safe to keep it in, OR if you’re really feeling bold maybe a nice display case. You could have a picture of your mother surrounded by all those gold bars, that would be quite the memorial. One of these is the best idea to me. If I h...
by skipper
Sat Jan 16, 2021 9:40 am
Forum: Investing - Theory, News & General
Topic: PSA: Fixed AA with 5/25 rebalancing works!
Replies: 85
Views: 7162

Re: PSA: Fixed AA with 5/25 rebalancing works!

I'm still not seeing why both absolute and relative rebalancing rules are needed. Why not just a 25% relative rule? Especially if you only have 3 funds... Because all rebalancing "rules" are contrived; if you don't believe that, try to do the math. As soon as Klang said, 5/25 achieves tha...
by skipper
Fri Jan 15, 2021 4:17 pm
Forum: Personal Investments
Topic: Opening a high yield savings account at an online-only bank as a FI/FIRE step
Replies: 37
Views: 2535

Re: Opening a high yield savings account at an online-only bank as a FI/FIRE step

After reading https://investor.vanguard.com/emergency-fund/where-to-put-emergency-fund , and also given the fact that I already have a year's worth of expenses sitting in VMFXX, it seems like I could just let that money be my emergency fund, and be done with this FI/FIRE step. If I am missing somet...
by skipper
Thu Jan 14, 2021 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else get emotional while creating their death package?
Replies: 76
Views: 6759

Re: Anyone else get emotional while creating their death package?

I don't get emotional about my own death. I do worry about my husband's ability to manage everything that I do if I should die first. +1 Even food shopping or preparing a meal doesn’t happen easily. I fear all meals will become take-outs if I die first. OP, Your DeathBook isn’t just for your spouse...
by skipper
Thu Jan 14, 2021 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else get emotional while creating their death package?
Replies: 76
Views: 6759

Re: Anyone else get emotional while creating their death package?

This may also be a good starting point for binders. I got 95% of this filled out this week for DH. I also shared with my mom and asked her to fill out. And will be doing the same for my in laws. https://cameronhuddleston.com/download/75254/ This is a great looking form. I already have my "inve...
by skipper
Wed Jan 13, 2021 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else get emotional while creating their death package?
Replies: 76
Views: 6759

Re: Anyone else get emotional while creating their death package?

Just finished mine at 50, no emotion here. Since I DIY'd my estate plan, studying state codes and making sure my forms would pass muster and be easy to understand pretty much took all the emotion out of it. For me, it was a fun exercise to get everything in order, setup all my agents, and make sure ...
by skipper
Mon Jan 11, 2021 9:33 pm
Forum: Personal Investments
Topic: Am I saving enough? Online calculators all over the place.
Replies: 7
Views: 1028

Re: Am I saving enough? Online calculators all over the place.

Based on your complaint, it probably makes no sense for me to recommend ANOTHER calculator, but if you haven't tried this one, it gives you a couple of ways to guesstimate what retirement expenses might be like and/or how much to save with four different calcs on one page. Obviously, you have to inp...
by skipper
Fri Jan 08, 2021 11:11 pm
Forum: Investing - Theory, News & General
Topic: If we cannot predict future and if past results are not a reliable predictor of future...
Replies: 68
Views: 4663

Re: If we cannot predict future and if past results are not a reliable predictor of future...

I read OP's original question more like, "What came first, the chicken or the egg?" Or more likely, "Why can't we reinvent the wheel?". Ever wonder what was going on in the minds of those who invented the wheel? Folks walking around barefoot a million years were probably going, &...
by skipper
Wed Jan 06, 2021 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Negotiating a Used Car Purchase?
Replies: 14
Views: 1207

Re: Advice for Negotiating a Used Car Purchase?

For what you want to do, several maxims hold true: Beggars can't be choosers; choosers can't be beggars. Don't look a gift horse in the mouth; when you find what you want, buy it. Don't pay with wooden nickels as most people know not to take them; pay cash. Always, no. Never forget to check your ref...