Search found 10628 matches

by letsgobobby
Sun Dec 10, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

anoop, I don’t understand what you’re saying. why do you think I bonds pay double the rate of inflation? https://tipswatch.com/tracking-inflation-and-i-bonds/ Composite rate = [fixed rate + (2 x inflation rate) + (fixed rate x inflation rate)] If you missed that, you are making a mistake by assumin...
by letsgobobby
Sun Dec 10, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Dash Into Cash in the WSJ
Replies: 16
Views: 3877

Re: Dash Into Cash in the WSJ

Thank you for all your responses. I currently have an online bank that pays 1.4% with minimal restrictions. For me, there are too many hoops to negotiate to obtain an extra half a point interest. Actually, you can get an extra 1.6 points of interest (3%) on up to $15K with the Lake Michigan Credit ...
by letsgobobby
Sun Dec 10, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

wow, was not intended to be a controversial statement. anoop, I don’t understand what you’re saying. why do you think I bonds pay double the rate of inflation? mhop, I agree. i do buy the max EE bonds every year. they are not risk free. because they must be held twenty years i demand a return premiu...
by letsgobobby
Sun Dec 10, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1765

Re: Would a Bitcoin Crash affect the general markets?

That's what Jamie dimon said sixty days ago. This week he said, "I'm open-minded to cryptocurrencies." Et tu, Dimon? Things change fast. An asset that has risen 2000% in a year will inevitably attract attention. Exchanges are opening up, derivatives are inevitable. It was a pyramid of derivatives wh...
by letsgobobby
Sun Dec 10, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

I'm taxed on the fixed as well as the inflation component.
by letsgobobby
Sun Dec 10, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1765

Re: Would a Bitcoin Crash affect the general markets?

Nothing. The total value of all bitcoin is a rounding error compared to the trillions in assets moving around the world daily. I’m not so sure. With exchanges opening up leverage and derivatives will more and more become part of the game. These will amplify the effects of price movement of the unde...
by letsgobobby
Sun Dec 10, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

I no longer buy I, since the real return net of taxes is likely to be negative.
by letsgobobby
Sat Dec 09, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

A long period of low or falling interest rates is a possibility. EE bonds are a hedge against that possibility. I have others, such as treasuries, but they yield less. EEs are suitable for a portion of my fixed income, but because of the limits on liquidity they should almost never be one’s sole fi...
by letsgobobby
Sat Dec 09, 2017 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Need to invest adult siblings trust money
Replies: 23
Views: 1452

Re: Need to invest adult siblings trust money

Seems you should distribute the $300 per month from the income, while investing the rest along with the principal for as long as it will last.
by letsgobobby
Sat Dec 09, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

If rates climb significantly then EE bonds will have been a bad investment, just like any long term bond. They're for a scenario of flat rates for many years.
by letsgobobby
Sat Dec 09, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

A long period of low or falling interest rates is a possibility. EE bonds are a hedge against that possibility. I have others, such as treasuries, but they yield less. EEs are suitable for a portion of my fixed income, but because of the limits on liquidity they should almost never be one’s sole fi...
by letsgobobby
Sat Dec 09, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 34
Views: 1729

Re: If you use EE Bonds, what did drive your decision

A long period of low or falling interest rates is a possibility. EE bonds are a hedge against that possibility. I have others, such as treasuries, but they yield less. EEs are suitable for a portion of my fixed income, but because of the limits on liquidity they should almost never be one’s sole fix...
by letsgobobby
Sat Dec 09, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Advice on 529 contribution
Replies: 3
Views: 408

Re: Advice on 529 contribution

Your current savings rate would seem overkill to continue indefinitely, but if your goal is really to pay for, say, private university and medical school, then it's too early to cut back. Today's dollars have more value than tomorrow's, whether saved for college or used to buy a vacation home. We lu...
by letsgobobby
Sat Dec 09, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Anyone try YourMechanic ?
Replies: 38
Views: 5437

Re: Anyone try YourMechanic ?

However this is not a service I could use, for example, while Mrs. letsgobobby was home alone with the kids. I wouldn't want her having to interact with the mechanic the way I needed to. She would prefer a more traditional service regardless of the cost. Why not? Because she doesn't have the same k...
by letsgobobby
Sat Dec 09, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: 2000-09 worst decade for large cap stocks in 109 years
Replies: 44
Views: 2918

Re: 2000-09 worst decade for large cap stocks in 109 years

Huh, it's almost like a record high CAPE actually did predict something...
by letsgobobby
Thu Dec 07, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 648

Re: Prepaid tuition 529 plan vs state municipal bond

The premium fluctuates over time. When the prior prepaid plan closed down, the premium was almost 60%. That's one of the reasons I'm attracted to this offering: it seems to me the state actuaries have a history of mispricing risk. I expect the price of tuition to rise more than they project over tim...
by letsgobobby
Thu Dec 07, 2017 8:34 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 221
Views: 15668

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If I wanted to move $1,000,000 without anyone knowing about it, I would definitely not use USD. Sure whatever. I get that. Criminals like bitcoin. What OTHER uses does it have that makes it superior to just using dollars? It's not just criminals, it's anyone who values privacy. The market is extrem...
by letsgobobby
Thu Dec 07, 2017 3:42 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 221
Views: 15668

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If I wanted to move $1,000,000 without anyone knowing about it, I would definitely not use USD. Sure whatever. I get that. Criminals like bitcoin. What OTHER uses does it have that makes it superior to just using dollars? It's not just criminals, it's anyone who values privacy. The market is extrem...
by letsgobobby
Thu Dec 07, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 221
Views: 15668

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

And if I don't believe that the supply of cryptoUSD is fixed? Why am I in it? Why is it useful that the supply of bitcoin is fixed? Has that made it LESS volatile? It dropped 20% in one day. The fact that the U.S. government can print more dollars hasn't caused that many issues. 2%-3% annual inflat...
by letsgobobby
Thu Dec 07, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market
Replies: 32
Views: 2022

Re: Timing the housing market

I live in a HCOL area and I am currently looking for a house. I've been reading articles about the "prohibited topic," and many are very pessimistic about what it may do to housing costs and job growth in my area. I realize much of this is speculation. However, it did spark a question in me. One of...
by letsgobobby
Thu Dec 07, 2017 1:25 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 55
Views: 6479

Re: House on the market less than a day. Did listing agent commit fraud?

The motorcyclesarecool family has been in the market for a house for the past year. Yesterday our buyer’s agent contacted us about a property that was at least 95% of our ideal and reasonably priced. We set up a showing for today. Showing was cancelled because the house went under contract last nig...
by letsgobobby
Wed Dec 06, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Dash Into Cash in the WSJ
Replies: 16
Views: 3877

Re: Dash Into Cash in the WSJ

Many reward checking accounts are paying 2% or more, but that is not new.
by letsgobobby
Wed Dec 06, 2017 8:18 pm
Forum: Investing - Theory, News & General
Topic: Does it look like a bubble to you?
Replies: 42
Views: 3531

Re: Does it look like a bubble to you?

At least compare it to global gdp.
by letsgobobby
Wed Dec 06, 2017 12:55 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3249

Re: Philanthropy and related issues

One actionable suggestion: see if there is a forcing function in your life. I have a few - I have a charitable giving match at work, I read the financials at my congregation and thus know the “cost per member” to support the place, and we have set a charitable giving target from each paycheck. Any ...
by letsgobobby
Mon Dec 04, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 648

Re: Prepaid tuition 529 plan vs state municipal bond

There is a good chance I will be partly or completely retired within ten years. We do have other 529 money, which is invested in stocks. This is really asking if a prepaid 529 might be superior to a taxable muni bond fund, even if the funds aren't ultimately used for higher education. The SEC yield ...
by letsgobobby
Mon Dec 04, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 648

Re: Prepaid tuition 529 plan vs state municipal bond

Shameless bump...I would welcome your thoughts.
by letsgobobby
Mon Dec 04, 2017 3:04 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 72
Views: 4781

Re: Best Basic DESKTOP?

That’s helpful. Thank you! I have a Google Drive with extra storage, mostly used for photos. Can buy more as needed for other docs. I see now that I can upload those Excel and Word docs to Google Drive and access them through MS Office cloud. I currently use an iPad with a keyboard. If I’m just goi...
by letsgobobby
Sun Dec 03, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Prepaid tuition 529 plan vs state municipal bond
Replies: 7
Views: 648

Prepaid tuition 529 plan vs state municipal bond

Going to try this in a new format to possibly solicit more input/perspectives. I am currently invested in VWIUX (Vanguard intermediate term tax exempt muni bond fund). I am considering transferring that investment to the Washington state 529 (named GET, Guaranteed Education Tuition) which is a prepa...
by letsgobobby
Sat Dec 02, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8703

Re: Amount You Need To Save Annually Over Lifespan

And even if they hold ten lifetime jobs, that does not imply they have 9 periods of unemployment. The jobs may be held successively.
by letsgobobby
Sat Dec 02, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 221
Views: 15668

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Is there any real value behind bitcoin other than the belief that someone in the future will pay more for a coin? Will scalability challenges eventually reach a tipping point and trigger a doomsday scenario crash leaving bitcoin owners with nothing in the end? Personally I am very surprised by all ...
by letsgobobby
Sat Dec 02, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8703

Re: Amount You Need To Save Annually Over Lifespan

The odds of remaining employed in a given year for most people is far more than 50%. One in a trillion is absurd. Give it up.
by letsgobobby
Sat Dec 02, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8703

Re: Amount You Need To Save Annually Over Lifespan

Assuming you want $2M @ age 65: If you start saving for retirement at age 25 with zero debt, how much do you need to save on average using IRA/401k and Target Date Funds? Just a rough estimate. Assuming some people may save/make more as they get closer to retirement and buy a house when they are yo...
by letsgobobby
Sat Dec 02, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Amount You Need To Save Annually Over Lifespan
Replies: 80
Views: 8703

Re: Amount You Need To Save Annually Over Lifespan

Assuming you want $2M @ age 65: If you start saving for retirement at age 25 with zero debt, how much do you need to save on average using IRA/401k and Target Date Funds? Just a rough estimate. Assuming some people may save/make more as they get closer to retirement and buy a house when they are yo...
by letsgobobby
Fri Dec 01, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7065

Re: Does it make sense to drop health insurance?

Before we get anymore righteous, indignant or nutty, please let us step back a bit and see the bigger picture. Many large companies that self-insure run what I call mini pools of universal coverage. Any employee and their family can join. The employer share of premiums is not paid out if you choose...
by letsgobobby
Fri Dec 01, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3474

Re: housing for in-laws

if the lot is big enough a trailer could a purpose. but i wouldnt want to live in it for months on end unless the weather is very nice where you live. for us it has been a wonderful, short term guest room.
by letsgobobby
Fri Dec 01, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Washington GET 529 Reopened: Good deal?
Replies: 14
Views: 1248

Re: Washington GET 529 Reopened: Good deal?

i went ahead and opened accounts. funded one unit each just to get a foot in the door. have til mid June to buy at this price so plenty of time to think about it. i will either transfer assets from a traditional 529 or sell muni bonds to fund.
by letsgobobby
Fri Dec 01, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: housing for in-laws
Replies: 48
Views: 3474

Re: housing for in-laws

man cave is cheaper than a new house.
by letsgobobby
Fri Dec 01, 2017 2:48 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10239

Re: Price of haircut?

I only let Chinese and Vietnamese ladies cut my hair. It has been as cheap as $6 and as much as $9. plus tip.
by letsgobobby
Thu Nov 30, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Trustee Actively Managing Trust Account
Replies: 96
Views: 4331

Re: Independent Trustee Actively Managing Trust Account

The problem with using an individual as trustee is that individuals die. The decedent may have picked the most capable and most honorable individual in the world to be his trustee, but would have almost no influence on the choice of successor trustee. That is one of the reasons we have strongly cons...
by letsgobobby
Wed Nov 29, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7065

Re: Does it make sense to drop health insurance?

"JT: Thank you for your comments. I am thinking along the same lines. In my state, 401K assets and 529 assets are exempt from creditors in the case of bankruptcy. We have put a lot of our assets into those vehicles -- far more in the 529s than is necessary to pay for college tuition. In addition, m...
by letsgobobby
Wed Nov 29, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trusts - Distribution Options and Strategies
Replies: 5
Views: 380

Re: Living Trusts - Distribution Options and Strategies

Thanks to both of you. Just thinking of stuff like .... the first part of the distribution each year should fund a Roth (for example) and the total distribution in a year cannot exceed the adjusted gross income of the prior year or other things like that to kind of govern the distribution of the as...
by letsgobobby
Wed Nov 29, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 141
Views: 13622

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by letsgobobby
Wed Nov 29, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7065

Re: Does it make sense to drop health insurance?

If you have an adverse outcome. Say a heart attack or cancer youre looking at 200k+ for those bills. Once u have the acute phase over ur looking at the maintenance phase. Upwards of 20k a year. This excludes medications easily upwards 50k for cancer meds. Al for one uninsured pt. Just my 2 cents. O...
by letsgobobby
Tue Nov 28, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: National Park trip w/1 year old infant
Replies: 35
Views: 1884

Re: National Park trip w/1 year old infant

I carried my daughter til she was 3; but between food, water, diapers, her, etc., the pack pushed 50# by the end, and depending on one’s fitness level, that may no longer qualify as ‘fun.’ My day hikes shrank in length until the day I stopped carrying her, at which point they grew again.
by letsgobobby
Tue Nov 28, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: National Park trip w/1 year old infant
Replies: 35
Views: 1884

Re: National Park trip w/1 year old infant

Thanks all for those who've responded (and please keep them coming!). Yellowstone and Yosemite are near the very, very top of my must-see list, which would lean me toward wanting to go there no matter what. On the other hand, I feel those trips are so big that I'd want to do them with absolutely no...
by letsgobobby
Tue Nov 28, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Trustee Actively Managing Trust Account
Replies: 96
Views: 4331

Re: Independent Trustee Actively Managing Trust Account

Are you paying 1% for investments in addition to a fee to manage the trust? Or is the 1% the all in fee? If the latter then you are getting a good deal. Many institutions charge twice that. Market pricing? Yes. Fair price? Maybe. "Good deal," I will tend to disagree. 1% per year for anybody to "man...
by letsgobobby
Tue Nov 28, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8055

Re: Too much house, right?

...it seems to be a once-in-a-lifetime opportunity... You are kidding yourself if you think this is a "once-in-a-lifetime opportunity." I'm sure there are PLENTY of other opportunities for you to spend $1M on a house. I'm surprised more people haven't pointed this out. houss come and houses go, but...
by letsgobobby
Tue Nov 28, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 21
Views: 1762

Re: Amica Increase

BW1985 wrote:
Tue Nov 28, 2017 10:52 am
I have car and home with Amica, I've never even heard of this dividend.
strange. you should call and discuss. you do have to choose the dividend paying policy which is slightly more upfront, but more than makes up for it on the back end.
by letsgobobby
Tue Nov 28, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Independent Trustee Actively Managing Trust Account
Replies: 96
Views: 4331

Re: Independent Trustee Actively Managing Trust Account

Are you paying 1% for investments in addition to a fee to manage the trust? Or is the 1% the all in fee? If the latter then you are getting a good deal. Many institutions charge twice that.