Search found 1650 matches

by Abe
Sat Dec 16, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13092

Re: Why am I still scared ? Is it actually normal ?

“Life is just one damn thing after another.” :beer
by Abe
Thu Dec 14, 2017 2:22 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10749

Re: Just not getting it

When I was in grade school, all the boys played marbles during recess. We played for keeps meaning you got to keep all the marbles you won. I was not a good marble shooter, but some of the kids were very skillful and they always had a pocket full of marbles. One day I saw this kid with a tin can wit...
by Abe
Sat Dec 09, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10749

Re: Just not getting it

The trends you seen in amazon and all of these other companies are seen by everyone else and priced into the stock. Why do you think Tesla has such a huge market cap compared to established auto makers when it has a tiny fraction of the output? Its already priced at a level that assumes electric ca...
by Abe
Sat Dec 09, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 174
Views: 12702

Re: Save all this money, what do you splurge on?

Oh...I gave my barber a $3 tip for Christmas. :happy
by Abe
Sat Dec 09, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 174
Views: 12702

Re: Save all this money, what do you splurge on?

runner3081 wrote:
Sat Dec 09, 2017 12:16 am
I find it funny that people think that you have to spend money to "live a little."

We are happy with what we have.
I agree. I enjoy not having to worry about paying the bills.
by Abe
Thu Dec 07, 2017 2:29 pm
Forum: Investing - Theory, News & General
Topic: Did Capital One 360 Savings raise rates?
Replies: 31
Views: 3801

Re: Did Capital One 360 Savings raise rates?

nisiprius wrote:
Thu Dec 07, 2017 2:14 pm
Also, I see that it is saying that my Capital One 360 Money Market is now earning 1.30%, think it just changed from 1%.
Yes, my Capital One 360 Money Market is showing the same 1.30%. It was paying 1% previously. My online savings account is still showing .75%.
by Abe
Mon Dec 04, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Learning how to spend money
Replies: 12
Views: 997

Re: Learning how to spend money

Why do you feel you need to spend more? Will spending more provide you with more happiness? Maybe still living the frugal lifestyle you've grown accustomed to makes you happier, and you can "spend" more buy giving more. Just a different perspective/ thinking about it a different way. This is a very...
by Abe
Sat Dec 02, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6669

Re: How to convince DW that high miles used car is OK

I had the same problem. We had an older Toyota Camry with 169k miles on it. It was fine with me, but the wife was not comfortable driving it long distances. I broke down and bought a new Toyota Camry. It cost $20k and it made her happy.
by Abe
Sat Dec 02, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9652

Re: Which crash have you seen it before it is coming?

I wouldn't say I saw a crash coming, but I knew there was something bad happening prior to 2008 with the housing bubble and banks making home loans to anyone who walked in the door.
It turned out that it was worse than I ever imagined. I didn't do anything. I just rode it out. Now I'm glad I did.
by Abe
Fri Dec 01, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10387

Re: Price of haircut?

I pay $12.00 in a LCOL area. No tip. Get haircut about every 2 months. Old school barber shop. I try to avoid places that have the word "styling" in their name. I have never found a woman barber that knew how to taper hair and very few men barbers now days. My barber cuts my hair with clippers and t...
by Abe
Sat Nov 25, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16293

Re: Anyone tired of the stock market going up?

It's better than the alternative. Be like Rip Van Winkle. Go to sleep for 20 years, and when you wake up you should be very happy. :happy
by Abe
Fri Nov 24, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Note Buying
Replies: 12
Views: 2302

Re: Mortgage Note Buying

In the past I have posted on this forum about my experience buying mortgages at discount. I thought there might be some interest in it, but for the most part there is not. Most Bogleheads are not interested in anything except traditional types of investments like stocks, bonds, CD's or maybe rental ...
by Abe
Wed Nov 22, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Note Buying
Replies: 12
Views: 2302

Re: Mortgage Note Buying

Yes, I have invested in mortgage notes for many years. I'm not actively buying paper now, but I still have a few mortgages that I receive payments on. It can be very lucrative. At one time my average yield was around 24%. Those days are over now. I started out reading Jimmy Napiers book titled "Inve...
by Abe
Fri Nov 17, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]
Replies: 27
Views: 4922

Re: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]

I have invested in mortgage notes for many years. You have to do your due diligence when buying notes. I buy directly from the mortgage holders. There are many details that you need to be aware of when buying paper. One is that you need to know the investment to value ratio. One rule of thumb I go b...
by Abe
Fri Nov 03, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Carmax, Junk Yard, Auction?
Replies: 17
Views: 1565

Re: Carmax, Junk Yard, Auction?

They charge $575 to tell you they will charge you another $3,265.
Used to be the only time I got a diagnosis was when I went to the doctor. Now everybody wants to give me a diagnosis. :(
by Abe
Thu Nov 02, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Holding a mortgage for someone else - options?
Replies: 35
Views: 2345

Re: Holding a mortgage for someone else - options?

I am not a lawyer, so take this from a layman's perspective. From your post, I assume you will be making a loan to a family member secured by a mobile home. Will the family member be renting the lot in the mobile home park? If so the mobile home would not be considered Real Estate, so the ownership...
by Abe
Thu Nov 02, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Holding a mortgage for someone else - options?
Replies: 35
Views: 2345

Re: Holding a mortgage for someone else - options?

I am not a lawyer, so take this from a layman's perspective. From your post, I assume you will be making a loan to a family member secured by a mobile home. Will the family member be renting the lot in the mobile home park? If so the mobile home would not be considered Real Estate, so the ownership ...
by Abe
Thu Nov 02, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9535

Re: I'm fairly young but done with saving money

I've been saving so long that I just do it by force of habit I guess. I wouldn't say it's dangerous to stop saving, but It would be very hard for me to stop even if I wanted to. I know there are a lot of people who don't think the way I do. Still, if I were the OP, I would not stop saving until I at...
by Abe
Wed Nov 01, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9535

Re: I'm fairly young but done with saving money

This seems to be the 3rd recent topic where somebody who has seen the 2 commas and considering calling it quits. Should we tell them that when you used to think about million in the past, now you need to think about ten millions instead. Eight digits is the new million today :) Well, I think eight ...
by Abe
Wed Nov 01, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 2100

Re: Worry About Home Title Fraud?

Most people get title insurance when they buy their home. The title policy is good as long as they own the home. I think the title policy would cover this.
by Abe
Wed Nov 01, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9535

Re: I'm fairly young but done with saving money

DaftInvestor wrote:
Wed Nov 01, 2017 6:04 am
Kids college?
It doesn't have to be all or nothing - why isn't saving 10 to 15% of you pretax salary an option?
I agree. I would save at least 10%.
by Abe
Thu Oct 26, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1293

Re: Medicare Supplement Plan F or Plan F High Deductible

So, putting aside the $183 for a moment, if you pay up to $2200 out of pocket, then you would pay up to $11K in total medical billing ($11K * 20% = $2200). So, you pay $2200 and the Plan pays $8800 (worst case scenario). Is that correct? That is correct for Part B charges, but not Part A. You reall...
by Abe
Wed Oct 25, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1293

Re: Medicare Supplement Plan F or Plan F High Deductible

Under Plan F High Deductible, what will get applied to the $2,200 deductible? Will it be the Amount Charged (by the doctor), or the Medicare Allowed Amount? In other words, before I reach the $2,200 deductible, will I have to pay the doctor whatever they charge? For example, recently the dermatolog...
by Abe
Tue Oct 24, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Converting to Safety Razors
Replies: 116
Views: 11759

Re: Converting to Safety Razors

I started shaving in the late 50's with a safety razor. Somewhere along the line, I converted to cartridge razors and aerosol canned shaving cream. Then a few years ago, I jumped back on to the wet shaving craze. I have tried several of the Merkur double edge razors as well as vintage Gillette razor...
by Abe
Mon Oct 23, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1293

Re: Medicare Supplement Plan F or Plan F High Deductible

I have the plan F high deductible for myself, premium $45.50 per month. I am thinking seriously about converting my wife from her current Advantage plan, which will be discontinued in 2018, to Plan F high deductible January 1st. Plan F high deductible is good for people who don't foresee a lot of me...
by Abe
Fri Oct 20, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 217
Views: 154615

Re: A time to EVALUATE your jitters

Things looked pretty grim when nisiprius first posted this. Out of courisity, I went to the S&P 500 return calculator to see what the return has been since he posted this in August 2011. The S&P 500 has had an annualized return of 15.26% with dividends reinvested.
by Abe
Tue Oct 17, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 722

Re: Question about Medigap Insurance

OP here. I had hoped to get a few more replies to my post, but it is what it is. Thank you dm200 and Spirit Rider for your replies. I think I'll go with the Plan F high deductible for her and hope for the best. Thanks again.
by Abe
Mon Oct 16, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7534

Re: How does everyone keep track of your portfolio?

I have a lot of different accounts, and it's a very time consuming to update the changing number of shares and prices. I use a spread sheet and it crunches the numbers, but it still takes a lot of time to gather the information and enter it. For that reason, I don't update it very often. I would ver...
by Abe
Mon Oct 16, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 722

Re: Question about Medigap Insurance

My wife has had a medicare advantage plan since age 65. She is 77 now and Blue Cross Blue Shield will no longer offer her Advantage plan after December 31, 2017. Would or could she consider another Medicare Advantage Plan? I think we would rather just go with a medigap (supplemental) plan at this p...
by Abe
Mon Oct 16, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 722

Re: Question about Medigap Insurance

Okay. Thanks Spirit Rider for your feedback.
by Abe
Mon Oct 16, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 722

Question about Medigap Insurance

My wife has had a medicare advantage plan since age 65. She is 77 now and Blue Cross Blue Shield will no longer offer her Advantage plan after December 31, 2017. She will be replacing her Advantage plan with a Medigap policy and they cannot turn her down for certain limited plans if she buys it by M...
by Abe
Fri Oct 13, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6817

Re: Asking for discounts

Asking for a discount is one way to save money. There are a lot of other ways to save if you know how. I learned a lot from this book: Secrets of Power Negotiating by Roger Dawson $14.58 on Amazon. :beer I might get that, but I'm not paying $14.58 Why don't you ask for a discount? :happy
by Abe
Fri Oct 13, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 320
Views: 23627

Re: To take or not to take delivery of Tesla 3

I don't like the idea of buying anything if it requires getting on a waiting list. But hey, I'm just an old man. :happy
by Abe
Fri Oct 13, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2477

Re: Does Vanguard make sense without a computer ?

I don't know why anyone could not have a Vanguard account without a computer. I had mutual fund accounts before the internet.
by Abe
Fri Oct 13, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Will it be a mistake to buy VTSMX today?
Replies: 50
Views: 7057

Re: Will it be a mistake to buy VTSMX today?

When I look back over the years, it seems I always thought the market was too high to get in. If the market goes way down, I'm inclined to think I'll wait until things get better before I get in. I'm sure I'm not the only one who has experienced this. I finally figured out that I'll never think it's...
by Abe
Wed Oct 11, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6817

Re: Asking for discounts

Asking for a discount is one way to save money. There are a lot of other ways to save if you know how. I learned a lot from this book: Secrets of Power Negotiating by Roger Dawson $14.58 on Amazon. :beer
by Abe
Tue Oct 10, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 2833

Re: Cheapest thing you ever heard of to save money

When I was a kid, we had an old miser in town who was considered a millionaire. He would park his car under the fire hydrants when the fire department opened them to flush out the water lines. Free car wash. :beer
by Abe
Fri Oct 06, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Time Value of Money (Young Investors)
Replies: 29
Views: 2135

Re: Time Value of Money (Young Investors)

I don't claim to have a solution, but if you can talk to people directly, encouragement can go a long way. I got my girlfriend to start investing by opening a Barclays Dream Account. It took 8 months of gentle prodding before she was comfortable moving any money into any kind of new account, even i...
by Abe
Fri Oct 06, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Time Value of Money (Young Investors)
Replies: 29
Views: 2135

Re: Time Value of Money (Young Investors)

The power of compounding is an amazing thing, assuming you have the time element. :beer

https://www.youtube.com/watch?v=sk2gJ3TCNSQ
by Abe
Fri Oct 06, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 4326

Re: How do you value your time?

I don't break down the value of my time per hour. It's either worth it to me or it's not.
by Abe
Wed Oct 04, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1328

Re: Some Hand-Holding

Where my anxiety is rising is how to ride out the next situation. I have an asset allocation of 70% equities and 30% bonds--all in mutual funds. This is down from an 80/20 allocation about a year ago. I did the reduction in anticipation of "the stock crisis of 2016." I am torn between wishing I had...
by Abe
Mon Oct 02, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Marketing be damned: I am a speculator!
Replies: 6
Views: 1306

Re: Marketing be damned: I am a speculator!

Investing, speculation, gambling are words that basically mean expending money with the expectation of achieving a profit. The difference is the degree of risk. The companies that make up the stock market, assuming they are successful, create value. The more value they create, the more investors are...
by Abe
Mon Oct 02, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4279

Re: I bought a car without thinking too much about value

Break the lease - probably quite expensive, but there were deals in the past where you could do that at no cost to you - check the contract. Try to outright buy the car and sell as used - significant value loss, probably less cost than breaking the lease. So at this point, I think you should probab...
by Abe
Thu Sep 28, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15772

Re: Why do you LBYM? Why do you save and invest?

My question to the member of the forum is this. What makes you different from others? What makes you believe that you could be LBYM, save and invest to make a difference in your life? I believe this will be a very interesting topic to discuss. Thanks in advance. KlangFool I remember early on thinki...
by Abe
Thu Sep 28, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15772

Re: Why do you LBYM? Why do you save and invest?

It takes twenty seconds to stop, bend over, pick up the penny, straighten up, and put it in your pocket. Whenever anyone asks the average age of the bogleheads user, I'm going to reference this post. :D I find it hard to believe it takes anyone 20s to pick up a penny. They can either do it in 10s o...
by Abe
Thu Sep 28, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15772

Re: Why do you LBYM? Why do you save and invest?

I like the 10 chicken nuggets for $1.49 at Burger King. But, speaking of saving money, I was at Walmart the other day and needed some deodorant. I had a choice of Mennen Speed Stick Regular: a 1.8 oz size for .98c or a 2 pack (3oz each) for a total of 6 oz that cost $3.76. Being a frugal person, I g...
by Abe
Mon Sep 25, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7124

Re: Tipping question....Applebees

It's easy to calculate 10% of any number in your head. For a 15% tip, just calculate 10% and add half back. For 20% just calculate 10% and double it. But, this thread demonstrates all the problems with tipping. If restaurant owners would pay their waiters a decent salary as most other businesses do,...