Search found 228 matches

by Skeeter1
Sat Jul 04, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Open HELOC before retiring?
Replies: 25
Views: 1293

Re: Open HELOC before retiring?

One problem with having a LOC open is it may be temping to use it. When retired avoid debt if possible (unless there is a good reason). I'm sure you are correct for some folks. In many others (especially Bogleheads), this is a non-issue. 8-) No doubt as Bogleheads are typically a lot more financial...
by Skeeter1
Sat Jul 04, 2020 10:17 am
Forum: US Chapters
Topic: Celebrating the Fourth of July
Replies: 17
Views: 1062

Re: Celebrating the Fourth of July

Happy Birthday America. The Great experiment of Democracy, Freedom and Capitalism is still young, but has provided great opportunity for those who participate in it. It is constantly changing and evolving. Let us continue to strive to improve this Republic and not destroy her goal of opportunity for...
by Skeeter1
Wed Jul 01, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Norton 360 and Macbook
Replies: 12
Views: 583

Re: Norton 360 and Macbook

Ok, I understand that and have been freezing my credit that for years. I will revisit Lifelock going forward.
Thanks for the quick reply.
by Skeeter1
Tue Jun 30, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: Norton 360 and Macbook
Replies: 12
Views: 583

Re: Norton 360 and Macbook

No, you don't need it. I would also argue LifeLock is not needed also. I've been a Mac User for something like 20+ years and I've had only one incident in my life and it was some sort of spyware that was sort of in a "gray" area of something I installed. I've never had one "real" virus on a Mac, I'...
by Skeeter1
Tue Jun 30, 2020 12:28 pm
Forum: Personal Consumer Issues
Topic: Norton 360 and Macbook
Replies: 12
Views: 583

Re: Norton 360 and Macbook

trinc wrote:
Tue Jun 30, 2020 10:37 am
Norton tools (DOS) and utilities ( early windows ) were some of the best around, those days have long passed. once sold, early 90's iirc, things went down hill.

Tim
Thanks for the update.
by Skeeter1
Tue Jun 30, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Norton 360 and Macbook
Replies: 12
Views: 583

Re: Norton 360 and Macbook

Thanks all. I appreciate your advise and will not renew my existing Norton protection. Great to know. :sharebeer
by Skeeter1
Sun Jun 28, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Norton 360 and Macbook
Replies: 12
Views: 583

Norton 360 and Macbook

I am an old school PC user that always loved Norton. I have recently switched over to the Apple family including iphone, ipad and macbook air. My Norton subscription includes LifeLock protection as well. Norton has offered me a free upgrade now to Norton 360, until my renewal in November. I believe ...
by Skeeter1
Tue Jun 16, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: Who ever follows the “Top-Ranked” Financial Advisors on the radio?
Replies: 38
Views: 3232

Re: Who ever follows the “Top-Ranked” Financial Advisors on the radio?

His advise on the radio is good and interesting, but do not invest your money with him. Is it actually with him or with one of his local advisers? I thought that it was a local person after I looked into his show once (merely to better understand what he's schilling). He is a very powerful national...
by Skeeter1
Mon Jun 15, 2020 9:55 pm
Forum: Investing - Theory, News & General
Topic: Who ever follows the “Top-Ranked” Financial Advisors on the radio?
Replies: 38
Views: 3232

Re: Who ever follows the “Top-Ranked” Financial Advisors on the radio?

I drank the Ric Edelman cool-aid for a while. Similar to many, his smooth talking presentation and advice made sense to this uninformed , mis-educated individual. So, i jumped on the band wagon. He sold all of my vanguard stock to put me in his cookie cutter portfolio that he said was right for me. ...
by Skeeter1
Tue Jun 09, 2020 5:15 pm
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

Based on the information I heard, Oxy didnt sound very optimistic. I would not be investing in a big onshore player these days. It sounded like the senior executive team were really looking at bankruptcy just a couple weeks ago. We are opening up but we could also face major headwinds (all the rece...
by Skeeter1
Tue Jun 09, 2020 9:25 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

HomeStretch wrote:
Tue Jun 09, 2020 8:43 am
You are a good friend. Don’t be disappointed if your friend continues to buy individual stocks despite your BH guidance. There was a thread about that just last week...
Thank you, Sir. I appreciate your comments. I will look for that thread :beer
by Skeeter1
Tue Jun 09, 2020 8:01 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

I tend to shy away from advising anyone on finances. I tell them what I do and if they want any specific advise on their situation, I tell them what I do. I can imagine a scenario where they do what they think I told them to do, the market crashes and we aren't friends anymore. As I look into this,...
by Skeeter1
Tue Jun 09, 2020 7:39 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

How did a financially illiterate person pick that set of investments? Or maybe I should say where did the ideas come from? Does he do a lot of sports gambling or hit the casinos much? Seeing where someone is coming from can helpful in framing your message. Funny you should ask how a financially ill...
by Skeeter1
Mon Jun 08, 2020 7:32 pm
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

delamer wrote:
Mon Jun 08, 2020 12:25 pm
How old is your friend? Is his entire savings in the aforementioned portfolio, and is it taxable?
62 and yes it is in taxable.
by Skeeter1
Mon Jun 08, 2020 7:31 pm
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

delamer wrote:
Mon Jun 08, 2020 12:25 pm
How old is your friend? Is his entire savings in the aforementioned portfolio, and is it taxable?
He is 62 years old. That is why I offered to help. He is generally intelligent but financially illiterate. That is why I am helping and seek advice from others
by Skeeter1
Mon Jun 08, 2020 7:28 pm
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

HomeStretch wrote:
Mon Jun 08, 2020 12:20 pm
Send your friend a link to this thread and let your friend decide.
Yes. I have encouraged him to join. The education has just begun.
by Skeeter1
Mon Jun 08, 2020 11:33 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

My suggestion: invest the proceeds of the sale from all those other stocks into BND, and BND alone. If your friend is willing to gamble 38% of his net portfolio on a single stock, and not willing to budge, then having everything else into a bond fund could offset the concentration risk he has in th...
by Skeeter1
Mon Jun 08, 2020 11:32 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Re: Asking for a friend...How would you analyze and advise

retired@50 wrote:
Mon Jun 08, 2020 11:17 am
Anyone who cannot be talked out of a 38% position in a single stock will probably never be a Boglehead.
Tread carefully.

Regards,
Well said. I was hoping that I might help him see the light.
by Skeeter1
Mon Jun 08, 2020 10:41 am
Forum: Personal Investments
Topic: Asking for a friend...How would you analyze and advise
Replies: 21
Views: 1573

Asking for a friend...How would you analyze and advise

Morning fellow BH'ers. I have offered to help analyze my friends portfolio. I thought it would be easy using, backtesting, Portfolio Visulizer , etc. When i started to analyze I realized that maybe the regular tools would not help as usual... maybe??? He bought all of these stocks during the recent ...
by Skeeter1
Tue May 26, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: Anybody do any GOOD timing the market?
Replies: 123
Views: 7917

Re: Anybody do any GOOD timing the market?

anon_investor wrote:
Mon May 25, 2020 1:11 pm
With my play money allocation I have about a 40% return on my March purchases of VGT (Vanguard Info Tech Index) and VUG (Vanguard Growth Index).
+1
I bought exactly the same ones. Enjoying the ride for now. :beer
by Skeeter1
Sat May 23, 2020 9:39 am
Forum: Personal Investments
Topic: What do we do with “house” funds if we decide to rent longer term?
Replies: 9
Views: 997

Re: What do we do with “house” funds if we decide to rent longer term?

I was/am, in the same situation. I sold my house last May and netted around $450k. I put all of that in cash into a separate taxable account in Vanguard as a short term landing place. I decided that $50k was mine to use as I pleased (travel, fun,etc.) and leave a balance of $400k as untouchable, unt...
by Skeeter1
Tue May 12, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 428

Re: Undoing a wash sale

jacoavlu wrote:
Tue May 12, 2020 8:57 am
to the OP

so do you now understand the instructions that you should have used?

the mistake was not in selling the recently acquired shares. Quite the opposite in fact.
Yes. I am glad for the additional input which I now understand. Thanks for the clarity. :beer
by Skeeter1
Tue May 12, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 428

Re: Undoing a wash sale

Is this even a thing? I sold a large amount of shares of an ETF. I thought that I carefully scanned my cost basis so that I had no short term or wash exposure. When the trade executed it was sold in different lot sizes, which was understandable. Somehow however, they sold a few shares of recently b...
by Skeeter1
Tue May 12, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 428

Re: Undoing a wash sale

Is this even a thing? I sold a large amount of shares of an ETF. I thought that I carefully scanned my cost basis so that I had no short term or wash exposure. When the trade executed it was sold in different lot sizes, which was understandable. Somehow however, they sold a few shares of recently b...
by Skeeter1
Tue May 12, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 428

Re: Undoing a wash sale

Not an expert, especially on ETFs, but I don't think buying nearly identical funds within the 30 days would help anything, but probably hurt. The selling of newer shares should not have caused a wash sale, only the not selling of anything purchased within the last 30 days of the same ETF you were T...
by Skeeter1
Tue May 12, 2020 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Undoing a wash sale
Replies: 9
Views: 428

Undoing a wash sale

Is this even a thing? I sold a large amount of shares of an ETF. I thought that I carefully scanned my cost basis so that I had no short term or wash exposure. When the trade executed it was sold in different lot sizes, which was understandable. Somehow however, they sold a few shares of recently bo...
by Skeeter1
Thu Apr 30, 2020 12:51 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

I made a Mongolian beef stir fry with scallions last night. Instead of soy sauce I used my secret (don't tell anyone) sauce, Mr Yoshida's . So yummy. The recipe called for using flat iron steak, which I have never tried, so I opted for an outside cut of skirt steak, which I find very tender. I also,...
by Skeeter1
Sun Apr 26, 2020 9:46 pm
Forum: Personal Investments
Topic: PPP in commercial Real Estate with a twist
Replies: 2
Views: 309

Re: PPP in commercial Real Estate with a twist

retired@50 wrote:
Sun Apr 26, 2020 9:19 am
Since it's a single S corp (as stated) I don't see any wiggle room for the partner with debt. Presumably, both partners would have to sign any loan agreements for the corp. Best of luck.

Regards,
Thanks for your advice.

:|
by Skeeter1
Sun Apr 26, 2020 8:57 am
Forum: Personal Investments
Topic: PPP in commercial Real Estate with a twist
Replies: 2
Views: 309

PPP in commercial Real Estate with a twist

My GF and her GF inherited 2 nice pieces of commercial real estate when both of their husbands passed away about 7 years ago.This made then 50% partners with an S corporation. Because of certain circumstances, her partner was left in an extremely strong financial position and owns her share of the p...
by Skeeter1
Sat Apr 25, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

LadyGeek wrote:
Sat Apr 25, 2020 10:11 am
^^^ I haven't tried cutting down the ricotta to 1-1/2 Cups yet, so have 2 Cups ready and use your judgment.
Will do...Thanks :happy
by Skeeter1
Sat Apr 25, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

White pizza. I followed the recipe here: White Pizza Except: - I used my own homemade pizza dough. I made this first, then starting on the toppings while the dough was rising. I didn't pierce the dough with a fork as the recipe suggested. - 8 oz. part-skim mozarella. I don't think it's as good as w...
by Skeeter1
Sun Apr 19, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

Last night we made a zucchini carbonara with heavy cream, pan fried bacon and freshly grated parmigiana reggiana.
by Skeeter1
Thu Apr 16, 2020 6:00 pm
Forum: Personal Investments
Topic: How much cash is too much cash?
Replies: 73
Views: 8991

Re: How much cash is too much cash?

My AA was 78/22 etf’s To bonds with a separate EF of approximately 10%. I realized that I could reduce my EF in half since the recent market drop allowed me to verify that I was well suited for an aggressive AA event though I am retired. My thinking , after much research is that after a certain X of...
by Skeeter1
Wed Apr 15, 2020 1:32 pm
Forum: Personal Investments
Topic: How much cash is too much cash?
Replies: 73
Views: 8991

Re: How much cash is too much cash?

I believe that covid-19 and the accompanying market turn down gave me a chance to clearly look at "How much cash is too much cash". Being newly retired ( 3 years and counting ) I wanted to prepare for a turn down similar to this so I kept a lot of cash. This market has tested my ISP (PASSED ), my AA...
by Skeeter1
Mon Apr 13, 2020 7:43 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

mrsbetsy wrote:
Sat Apr 11, 2020 9:45 pm
Definitely going to have to work off the "Covid-15" if this keeps going for too much longer.
Funny!! :sharebeer
by Skeeter1
Wed Apr 08, 2020 8:18 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

Taco Tuesday Yesterday we took a pound of ground turkey and made taco's from scratch. we even made homemade taco seasoning. We browned onions , jalapeno's and green peppers in olive with a small clove of garlic. We removed them when translucent, but still medium firm and put on the side. I used the ...
by Skeeter1
Mon Mar 30, 2020 9:19 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

DW and I had a nice (possibly decadent ) Sunday dinner. We had some uncooked tenderloin in the freezer left over from a previous party. Since we do not own a grill I decided to copy what I have seen on many cooking shows. First I seasoned the meat with salt, Coarse fresh ground pepper and granulated...
by Skeeter1
Sat Mar 28, 2020 8:00 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

Mactheriverrat wrote:
Sat Mar 28, 2020 4:34 pm
Anything I can put onions and garlic powder in.
+1
We went to one store and they had no garlic. Tried another store and bought 3 garlic cloves and 3 onions. Life is good..lol..
by Skeeter1
Fri Mar 27, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 50537

Re: Who's buying today? where's all the "dry powder" folks at? :)

I bought today for my granddaughters account. She is 10 months old and I invested for her into an S&P 500 ETF . I think that will work out just fine. you mean you bought in your own taxable account for her? maybe I misunderstood. Yes. Actually this may sound crazy but I have been converting some of...
by Skeeter1
Wed Mar 25, 2020 4:53 pm
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Re: Need help with a remodel and the contractor

In addition to the GC responsibilities mentioned already, a couple of items we put into our reno contract with the GC for our protection that you may want to consider are: 1. GC pulled permits and was responsible for resolving inspection issues and providing the CO to us. 2. GC provided copies of h...
by Skeeter1
Wed Mar 25, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Re: Need help with a remodel and the contractor

In addition to the GC responsibilities mentioned already, a couple of items we put into our reno contract with the GC for our protection that you may want to consider are: 1. GC pulled permits and was responsible for resolving inspection issues and providing the CO to us. 2. GC provided copies of h...
by Skeeter1
Wed Mar 25, 2020 12:49 pm
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Re: Need help with a remodel and the contractor

...The fireplace needed to be replaced completely. So we found a reliable fireplace company who could remove and reinstall the perfect fireplace. It made sense to us that the fireplace people should install it for safety and warranty purposes... You were very wise to have a fireplace company replac...
by Skeeter1
Wed Mar 25, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Re: Need help with a remodel and the contractor

Thanks Sandtrap and everyone. Yes we made a "rookie" mistake and the lesson is now being headed. I have a happy update to report. We spoke to the contractor and corrected the confusion. We are moving forward with the recommendations you all have given. The project is back on track and the GC is very...
by Skeeter1
Tue Mar 24, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 514
Views: 50537

Re: Who's buying today? where's all the "dry powder" folks at? :)

I bought today for my granddaughters account. She is 10 months old and I invested for her into an S&P 500 ETF . I think that will work out just fine.
by Skeeter1
Tue Mar 24, 2020 8:06 am
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Re: Need help with a remodel and the contractor

All very good points and a well learned lesson. The original arrangement did not have him truly operating as a full time GC, but I guess the deal did change when we fired the decorator . It was short sighted on our part for not reviewing how we would work going forward if he is still willing. Thanks...
by Skeeter1
Mon Mar 23, 2020 3:06 pm
Forum: Personal Consumer Issues
Topic: Need help with a remodel and the contractor
Replies: 15
Views: 1048

Need help with a remodel and the contractor

Trying to make this brief, we hired a recommended decorator ( her husband has done work for us before, but we did not know her), for a remodel of a house in the Carolinas. She recommended a GC, which she claims she had worked with before ( but this was proved to be wrong). We liked the GC, but the d...
by Skeeter1
Sun Mar 22, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

Re: So what are you cooking

watchnerd wrote:
Sun Mar 22, 2020 12:42 am
Since we're on lock down, some things are in short supply.

Pancetta being one of them, apparently.

So I made SPAM spaghetti carbonara.
:D
by Skeeter1
Sat Mar 21, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: So what are you cooking
Replies: 297
Views: 18561

So what are you cooking

Now that we are staying home and looking for ways to fill the hours DW and I have been cooking more. Sometimes we take turns making fun , practical items for each other and sometimes , like today, we combined efforts and made a delicious and healthy chili. Of course, I had to cut the onions! The res...
by Skeeter1
Fri Mar 20, 2020 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Converting from an Inherited IRA to a Roth
Replies: 7
Views: 469

Re: Converting from an Inherited IRA to a Roth

I know it is better for my kids to inherited my Traditional IRA as opposed to my Inherited IRA. Am I allowed to do this? If your kids inherit your own TIRA, unless they meet the definition of "eligible beneficiary", they are subject to the 10 year rule. If your kids inherit your inherited TIRA, the...
by Skeeter1
Thu Mar 19, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Converting from an Inherited IRA to a Roth
Replies: 7
Views: 469

Re: Converting from an Inherited IRA to a Roth

livesoft wrote:
Thu Mar 19, 2020 1:54 pm
You cannot convert an inherited IRA, but you can withdraw as much money from it as you want without penalty and use that money to pay the taxes due on the conversion of any non-inherited IRA money that you convert.
Thanks, livesoft! (and welcome back..I hope that you had fun..All the best.)