Search found 1792 matches

Thu Nov 15, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under \$100k Income
Replies: 87
Views: 7426

Re: How Long / Hard To Become a Millionaire on Under \$100k Income

I never made anywhere near \$100k. Most of my working life I earned less than \$40k, and I'm worth several million today. It's not how much you make, it's how much you keep. "A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much mo...
Thu Nov 15, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1130

Re: Embarrassing simple calculation question

N= .1538 (8 weeks/52 weeks), PV=\$19,931.45, FV=\$20,000, Compute for I/Y= 2.26% annual return
Calculated on a Texas Instrument BAll Plus calculator
Wed Nov 14, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5084

Re: Oops! Edward Jones tops Vanguard in customer survey

fishandgolf wrote:
Tue Nov 13, 2018 7:52 pm
Hey......EJ rep will send you a Birthday Card...........not gonna get that from VG.
My Vanguard rep once sent me a copy of "Enough" signed by Mr Bogle.
Mon Nov 12, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2706

Re: How long have you had, or did you have, your HP-12C calculator?

montanagirl wrote:
Mon Nov 12, 2018 12:00 pm
Never had one but sure miss my TI ba-35. The last one I bought wss larger in a stupid way (flare at the top) and not as reliable.
You can get the Texas Instrument BAll Plus (Business Analyst ll Plus) at Walmart for about \$30. I believe it's very similar to the BA-35
Mon Nov 12, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4031

Re: tipping for grocery delivery

I had a small neighborhood grocery store at one time. We made a lot of deliveries. I never once received a tip and neither did any of my employees to my knowledge. I can remember toting a 100 pound sack of hog feed on my shoulder from the front of a house to the back, wading mud, and dumping it in a...
Mon Nov 12, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2706

Re: How long have you had, or did you have, your HP-12C calculator?

I use the Texas Instrument BAll Plus (Business Analyst ll Plus). It's more user friendly than the HP-12c. I started using financial calculators years ago when I was buying mortgages at discount. You can still buy them at Walmart for about \$30. One of the best investments I ever made. It's not only g...
Wed Nov 07, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Prime Money Market vs. Bonds/CDs
Replies: 6
Views: 1020

Re: Prime Money Market vs. Bonds/CDs

I'm not moving any money from bond funds, but I hold a considerable amount of my fixed income in CD's, VG money market and VG municipal money market accounts. I probably will transfer some of this money to bond funds at some point, but I don't feel comfortable doing it now with the prospect of inter...
Fri Nov 02, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13086

Re: Diversification Regret

I am a novice investor so some of this is esoteric for me. What is the takeaway from this in one sentence that a novice investor can understand? Wow, I'm not sure I can do that question justice but here's an attempt in two sentences: It can be psychologically difficult to hold a diversified portfol...
Tue Oct 30, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: First U.S. Penny Will Be Auctioned for 100 Million Times Its Monetary Value
Replies: 13
Views: 2422

Re: First U.S. Penny Will Be Auctioned for 100 Million Times Its Monetary Value

I think I picked up one of those last week in McDonalds parking lot. Oh, it couldn't be the first one minted, maybe it was the second one.
Tue Oct 30, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3218

Re: Who has gotten the most value out of a car?

Guess I'll tell my truck story. I once bought a 1954 Chevrolet pickup truck from the owner. Can't remember what I paid for it, maybe around \$1,000. The fellow I bought it from went through 3 trucks (bought new), while I was still driving the truck I bought from him. Every time I saw him he would say...
Fri Oct 26, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5312

Re: Compounding interest?

Just my opinion: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. So, technically, stocks don't compound because stocks don't pay interest. However you may experience growth similar to compound interest investing in sto...
Thu Oct 25, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5312

Re: Compounding interest?

Here is a neat article that describes saving and compounding, especially saving that first \$100,000 :happy Charlie Munger: The First \$100,000 is a b*tch I like the article. Only some of my holdings continue to raise their dividends by that much (7%), while many of them stalled and a few went bust. ...
Wed Oct 24, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6098

Re: Retirees: What keeps you up at night?

What keeps me sleeping poorly is that my brain doesn't want to shut off. I can get to sleep with no problem, but then awaken around 2am to ponder the various projects I have going on simultaneously and what to do with them next. The ponderings often continue 'til 5am then I fall asleep again but do...
Tue Oct 23, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4814

Re: When Will Attaining Millionaire Status Be Obsolete?

I no longer feel that a Millionaire is "Rich", but my relatives and most neighbors still do. My wife's grandfather lost his \$79,000 "fortune" in the Great Depression. That would be today, according to the CPI Calculator, \$1,159,458.20. \$1,000,000 in 1929 would be approximately \$14,676,686.05 today....
Sat Oct 20, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 30
Views: 4001

Re: Protecting large sums of cash.

This topic keeps coming up here a lot. Just wondering when was the last time someone actually needed FDIC protection? Don’t flame me, I’m not saying you should not care about it, just trying to put a perspective in my head. I had CD's at Corus Bank when it closed and it was covered by FDIC. On Frid...
Fri Oct 05, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10856

Re: Alan Roth doesn't like single premium annuities

hudson wrote:
Fri Oct 05, 2018 4:15 pm
If I was in my late 70s or 80s and my pile wasn't big enough, I might bite. Of course, I would do lots of research and post my proposal here first.
For the most part I agree with Mr. Roth, but there are situations where a SPIA might be the right thing to do.
Fri Oct 05, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5299

Re: Mr. Money Mustache is the BOMB!

I wouldn't enjoy an extravagant life style. It's just not my thing. Yet, I want to have enough money so that I don't have to worry about paying the bills, and if I want to do something extravagant every now and then, I can. Picasso said: "I'd like to live as a poor man with lots of money."
Wed Oct 03, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6834

Re: Why is Home Part of NW [Net Worth]

I think there is some confusion between net worth and investable assets. Net worth is assets less liabilities. Your home is an asset so should be included in net worth. In calculating investable assets you do not include your home (principal residence) or personal properties such as a car.
Wed Sep 19, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 1998

Re: Other investment opportunities besides the stock market

I invested in rental houses, mortgages, stocks and bonds and a few other things along the way. With the advantage of hindsight, I could have done just as well, maybe even better, if I had just put everything in the S&P 500 index fund back in 1975, and saved myself a lot of time and effort. Of course...
Thu Sep 13, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3342

Re: How to help teenager fix silly mistakes in math?

Have you ever considered the possibility that she may have dyslexia. The reason I say this is because I am dyslexic, and I see what appears to be symptoms of dyslexia in your daughter. Edited to add: I experienced most everything you described about your daughter. Even this, " I see the occasional b...
Wed Sep 05, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2309

Re: HVAC annual contracts vs yearly annual cleaning

We have a heat pump and electric secondary heat source. The whole system is 3 years old. So far we have had no problems. We change the filter ourselves every six months, but that is it. Not sure what other preventative maintenance would be required, but I guess this thread should inspire me to rese...
Wed Sep 05, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2309

Re: HVAC annual contracts vs yearly annual cleaning

why do people discuss cleaning the outside unit? how does it get dirty? Never did that ever (no leaves or anything like that ever get built up in my unit based on its placement)..... of course my 16 year old compressor unit died this year too....... Condensation pumps and drain lines are the bane o...
Tue Sep 04, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2309

Re: HVAC annual contracts vs yearly annual cleaning

I just wash out the outside condensing unit and change filter myself once a year.
Sat Sep 01, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5830

Re: Don't Look and Have A Doctor Waiting When You DO

Reminds me of the fellow who went to the bank and told the teller he wanted to draw all his money out so he could count it to be sure it was all there.
Fri Aug 31, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 4129

Re: Are CDs considered an investment?

From Investopedia:
In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
Thu Aug 30, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 10494

Re: How do you save money on groceries?

Don't know if this has been posted or not, but walmart has a program called Savings Catcher where they will match any lower advertised price in your area. After signing up, you can scan your receipt barcode or you can go to their site and enter your receipt number and date, and they will refund the ...
Wed Aug 29, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 10494

Re: How do you save money on groceries?

The nearest Aldi store to us is 50 miles, but we shop there about once a month for significant savings, especially on milk, eggs and produce. I buy whole boneless pork loins on sale, usually around \$1.28 per pound. When I get home, I slice them in about one inch slices and then wrap two to a package...
Tue Aug 28, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2271

Re: Summer Day A/C Issues

The HVAC man should have already done this, but you might wash out the outside condensing unit. It won't hurt anything and might help. Just take a garden hose with a nozzle on it and holding it about 2 inches from the unit (where the metal fins are) move it up and down washing every inch of it. Be ...
Tue Aug 28, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2271

Re: Summer Day A/C Issues

The HVAC man should have already done this, but you might wash out the outside condensing unit. It won't hurt anything and might help. Just take a garden hose with a nozzle on it and holding it about 2 inches from the unit (where the metal fins are) move it up and down washing every inch of it. Be s...
Sun Aug 26, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3601

Re: Best ultra thin pocket knife?

Buck 379 Solo \$18.99 on Amazon https://www.amazon.com/Buck-Single-Folding-Pocket-Choices/dp/B00O5E9DLE/ref=sr_1_5?ie=UTF8&qid=1535320042&sr=8-5&keywords=buck+small+knife Even a better deal: You can get the Buck single blade small knife (listed above) and a larger Buck 3 blade knife as a set, both fo...
Tue Aug 21, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Holding mortgage notes in an IRA
Replies: 5
Views: 377

Re: Holding mortgage notes in an IRA

I had a friend who did this for years with no problems. He had to go through a company who specialized in self directed IRA's, and it was somewhat expensive to do this, but it was worth it to him because he was getting high returns on the mortgage notes.
Tue Aug 14, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 105884

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

HuckFinn, I liked your monkey story.
Mon Aug 13, 2018 12:45 pm
Forum: Personal Consumer Issues
Replies: 42
Views: 2615

I was reading some of your postings and I wonder......WHY would you buy reading glasses ? Is it for economical reasons? and then,how often do you replace them? Although they are called "readers" or "reading" glasses people commonly use them for any close-up work. Like mouses when giving cat pedicur...
Mon Aug 13, 2018 9:50 am
Forum: Personal Consumer Issues
Replies: 42
Views: 2615

You can buy reading glasses at Dollar Tree Stores for \$1.00 per pair.
Thu Jul 26, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 4025

Re: Is anyone using a bill paying service?

I'm a little surprised at the number of people in this thread who authorized companies to direct debit from their bank account. I've always been afraid to do this. What's to keep them from taking \$\$ that are not owed? If you close whatever account you have with them, what's to stop them from contin...
Sat Jul 21, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17783

Re: Direct Real Estate Returns

I started buying real estate, mostly single family houses, back in 1978. Back then you could pay the sellers for their equity and assume their loans. This is what I did on most of the ones I bought. Real estate investing is not full time for me like running a business, but it's not completely passiv...
Thu Jul 19, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17783

Re: Direct Real Estate Returns

Many years ago I read a book titled "How to Wake Up The Financial Genius Inside You", by Mark O. Haroldsen, a real estate guru at the time. A lot of the book is about the power of compounding and real estate investing. He talks about the four basic advantages (returns) of real estate investing: (1) ...
Thu Jul 19, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7405

Re: Families - What's your total annual credit card spend?

I didn't even have a credit card for most of my life. After I sold my business, I decided to take a trip. Someone told me I needed a credit card because motels wouldn't take cash. My wife and I have one credit card now and we probably put around \$7k a year on it, mostly gas and groceries. I know... ...
Wed Jul 18, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3478

Re: How Unclaimed Property Laws Can Affect Retirees

After reading this thread, I went to my states unclaimed property site and entered my last name in the search box. To my surprise my wifes name came up and it said she had \$57,639.87 in unclaimed property. I did some checking and found that Capital One 360 had closed her savings account and sent th...
Wed Jul 18, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3478

Re: How Unclaimed Property Laws Can Affect Retirees

After reading this thread, I went to my states unclaimed property site and entered my last name in the search box. To my surprise my wifes name came up and it said she had \$57,639.87 in unclaimed property. I did some checking and found that Capital One 360 had closed her savings account and sent the...
Mon Jul 16, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Where to get a \$100 bill?
Replies: 49
Views: 5453

Re: Where to get a \$100 bill?

This is another reason why I like to bank at a small local bank.
Thu Jul 05, 2018 1:40 pm
Forum: Personal Consumer Issues
Replies: 24
Views: 1478

I used to get poison ivy real bad. I had a pharmacist friend who recommended rubbing the exposed skin with a washcloth saturated with alcohol as soon as possible after exposure and follow up washing with soap and water. I've never had a problem since I started doing that.
Wed Jul 04, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12317

Re: SS taken at 62 vs. 70, but measured from 70+

Social Security benefits are actuarially neutral, which means that you'll get roughly the same overall benefits (on a present value basis) if you live to average life expectancy, no matter what age you begin taking benefits. I found the above here: https://www.cbsnews.com/news/how-single-filers-can-...
Wed Jul 04, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12317

Re: SS taken at 62 vs. 70, but measured from 70+

Basically the SSA actuaries will have priced social security to be neutral ie you are no worse off what you do IF you live an average life span. Question: Does this mean a social security recipient would receive roughly the same amount of money from social security regardless of when they start dra...
Sat Jun 30, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 1106

Re: Bogleheads approach to hair loss?

He is probably talking about Finasteride, though the side effects can be worse in some men. My doctor just prescribed Finasteride for prostate enlargement, but he said one of the side effects in hair growth. I told him that would be a good thing for me. We both laughed. I haven't started taking it ...
Sat Jun 30, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 1106

Re: Bogleheads approach to hair loss?

I started losing my hair at an early age. It would just kill me when friends would say, "are you losing your hair". Sometimes they wouldn't say anything, but I was aware they were looking at my head. I was extremely self conscious. I've learned that the best thing to do is to accept it and learn to ...
Thu Jun 28, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Who's John Bogle?"
Replies: 17
Views: 2550

Re: "Who's John Bogle?"

A lot of the new salesreps at Edward Jones probably don't have much financial background. All they know is what EJ tells them. I can understand some of them not being familiar with Mr Bogle.
Thu Jun 28, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 2768

Re: New car dealer pricing

I recently bought a Toyota Camry. I went to a local Toyota dealer and picked out the car I wanted and did a test drive. The price they quoted me was pretty good but still more than I wanted to pay. About a week later my wife and I went to a Honda dealer in another town, and we had a bad experience w...
Fri Jun 22, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on \$2M?
Replies: 173
Views: 22091

Re: Can you retire on \$2M?

Could get a 2 million annuity (SPIA), 40 year old couple, pay out \$87k a year for life for husband and wife. Of course this would not cover inflation. Another option, get a 1 million annuity, pay out \$43,500 a year for life for husband and wife. Invest the remaining 1 million and withdraw 3% or \$30k...
Mon Jun 18, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 7351

Re: What does it mean: Rule No. 1: Never lose money

Ha, I asked this same question on Oct 19, 2012. It didn't get resolved then either.

viewtopic.php?f=1&t=104479&hilit=never+lose+money