Search found 2099 matches

by Abe
Fri Jul 03, 2020 10:22 am
Forum: Personal Investments
Topic: Compound interest question
Replies: 13
Views: 1449

Re: Compound interest question

Yes, I agree with arcticpineapplecorp. All investors need to learn how to do these calculations. One of the best investments I ever made was to buy a financial calculator and learn how to use it. I like the Hewlett Packard 10B calculator. You can buy one on Amazon for $24. https://www.amazon.com/HP...
by Abe
Thu Jul 02, 2020 5:21 pm
Forum: Personal Investments
Topic: Compound interest question
Replies: 13
Views: 1449

Re: Compound interest question

this is a good question and one I wrestled with as a youngster. And I saw it asked on bogleheads by another poster a couple of weeks ago. I encourage you to do the math for yourself rather than just take our opinions for it. I'm in agreement with what everyone's said, but it's a good exercise for y...
by Abe
Wed Jul 01, 2020 5:05 pm
Forum: Personal Investments
Topic: Compound interest question
Replies: 13
Views: 1449

Re: Compound interest question

I'm wondering how having one fund with a large balance and one with a small affects compounding. The effect of compounding on SWPXX will be minimal for many years. Do I lose out on gains by contributing to the smaller fund while the larger fund no longer gets contributions? Or does it not make a di...
by Abe
Thu Jun 25, 2020 2:25 pm
Forum: Personal Investments
Topic: Time value of money TVM Book
Replies: 5
Views: 392

Re: Time value of money TVM Book

I like to use a financial calculator, either the Texas Instrument BAll Plus or the Hewlett Packard 10Bll Plus. Either one cost around $25 on Amazon. The site http://www.tvmcalcs.com/ that embwbam suggested has tutorials on how to use them plus additional information regarding TVM concepts. You can a...
by Abe
Sat Jun 20, 2020 3:20 pm
Forum: Personal Investments
Topic: Susie Orman Says You are Crazy to be Investing in Bonds
Replies: 173
Views: 17310

Re: Susie Orman Says You are Crazy to be Investing in Bonds

visualguy wrote:
Sat Jun 20, 2020 2:27 pm
rob wrote:
Sat Jun 20, 2020 1:58 pm
Leaving the cult personality out of it.... No bonds... ok, let's say that I buy it... Sign me up....

So what exactly do I put $ in because I don't want to be 100% stock?
Not saying it's the right thing for you, but some here put it in direct real estate.
or CD's.
by Abe
Mon Jun 15, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: best way to give away a table saw
Replies: 53
Views: 3221

Re: best way to give away a table saw

Where I live, if you want to get rid of something, just put it out next to the street. I guarantee you within a couple of hours it will be gone. I had a window air conditioner that I wanted to keep. I put it out next to the street and then went around to the back of my house to get my truck. When I ...
by Abe
Tue Jun 02, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 752
Views: 32903

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

I agree that lump sum investing wins more than it loses, mathematically. Having said that, there are some people that are not going to lump sum a large amount of money. It may be irrational or mental accounting or what ever you want to call it, but they're not going to do it. The argument as to whic...
by Abe
Tue Jun 02, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 752
Views: 32903

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

retired@50 wrote:
Mon Jun 01, 2020 11:50 pm
While many or most agree that lump sum is better than DCA, can all agree that DCA is better than not investing?

I view it like this. Do I use the diving board or the staircase to enter the pool? Either way, what matters is that I get in the pool.

Regards,
Very good post.
by Abe
Mon Jun 01, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 8912

Re: Why not buy mobile homes instead of overpriced traditional homes?

I've often wondered why a house cost ten times more in some areas of the country than a similar house cost in other areas. I guess most of the cost is in the land because I wouldn't think it cost that much more to build a house in a HCOL area than it does in a LCOL area. Fees and regulations vary b...
by Abe
Sat May 30, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116044

Re: Why are you NOT buying rental properties?

buying owner financed mortgages at a discount. Interesting. Curious how you find mortgages to purchase. Care to share? To answer your question gr7070. Thanks Abe. Are you still buying up contracts? I occasionally pick one up, but I'm not actively looking for them now. Up thread I posted that there ...
by Abe
Sat May 30, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116044

Re: Why are you NOT buying rental properties?

buying owner financed mortgages at a discount. Interesting. Curious how you find mortgages to purchase. Care to share? To answer your question gr7070. When I first started buying mortgages, I would run classified ad's in newspapers and local shoppers saying something like, "Are you collecting payme...
by Abe
Fri May 29, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116044

Re: Why are you NOT buying rental properties?

buying owner financed mortgages at a discount. Interesting. Curious how you find mortgages to purchase. Care to share? As an aside not related to Abe's post: I think I spend more time hanging up on people wanting to buy my rental property at a steal than I spend managing my property manager. ; ) Su...
by Abe
Fri May 29, 2020 5:56 pm
Forum: Personal Consumer Issues
Topic: Do I need to buy a scale to ship stuff?
Replies: 16
Views: 1079

Re: Do I need to buy a scale to ship stuff?

My wife sells on Ebay. She uses kitchen scales. The old kind, not digital. I see them at flea markets and yard sales for $5 to $10. Don't know why I like scales. I have several of them I buy when I see them cheap. Also like rulers and yard sticks. :happy
by Abe
Fri May 29, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116044

Re: Why are you NOT buying rental properties?

The reason I'm not buying anymore real estate is because I'm getting older, and I'm leaning more toward passive investing now. I'm not trying to convince anyone to invest or not to invest in RE. I'm just conveying my experience over the years. A little over 40 years ago, when I was young and more am...
by Abe
Tue May 26, 2020 5:41 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 44
Views: 4587

Re: Question about Edward Jones disapproval

Gadget wrote:
Sun May 24, 2020 8:09 pm
Edward Jones saga

(Link formatted by moderator oldcomputerguy)
I was about to suggest this, but Gadget beat me to it. Tell your friend to read this.
by Abe
Tue May 26, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4238

Re: Bogleheads: What is your largest single stock holding? (if any)

1. What is your largest single stock holding? 2. What % of your portfolio is in this company? 3. What is your reason for keeping this holding? (capital gain, belief in the company, etc.) 1. Lockheed Martin 2. about 4.7% 3. Large capital gain tax if sold. I actually didn't buy Lockheed Martin. I bou...
by Abe
Fri May 22, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: investmenting books
Replies: 28
Views: 1602

Re: investmenting books

There are a lot of investing books. The Bogleheads Guide to Investing and The Simple Path to Wealth by J L Collins are two good ones to start on. If they are not interested enough to read a couple of books, they probably won't get very far investing. You've got to be willing to take the time to lear...
by Abe
Wed May 20, 2020 11:15 am
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4138

Re: Vault Safe in the attic; welded, anyone ?

It is just that I am currently paying $250 per year for a Bank of America safe and was thinking of replacing it with a safe contraption at home. Wow... I pay $34 a year for a 5x10 safe deposit box at my small local bank. It will hold a lot of stuff. I have found that BIG banks like Bank of America ...
by Abe
Tue May 19, 2020 3:32 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4138

Re: Vault Safe in the attic; welded, anyone ?

novemberrain wrote:
Mon May 18, 2020 8:29 pm
What do you guys think ?
I think you should get a safety deposit box at a bank.
by Abe
Tue May 19, 2020 3:20 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20231

Re: What is your most luxury/expensive hobby.

After reading this thread I realize I live in a completely different world than most posters on this thread. Someone posted they paid over $15k each for a 2 bicycles, and some posted paying thousands of dollars for a horse. I bought a bicycle for $25 at a flea market recently. Now granted I don't ri...
by Abe
Sat May 09, 2020 9:37 am
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20716

Re: What are you doing for haircuts due to coronavirus shutdown?

Got a Wahl clipper set, but DW never got up enough nerve to cut my hair. Barber shops opened back up last Wednesday. My barber shop only had one barber working and would only let one customer in at a time. I had to wait about 2 hours but got my hair cut. DW is happy now. :happy
by Abe
Wed May 06, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Why do investors care when the market goes down?
Replies: 47
Views: 1854

Re: Why do investors care when the market goes down?

mptfan wrote:
Wed May 06, 2020 10:48 am
Because human beings are emotional creatures, not robots. It's hard for some people to watch the value of their hard earned life savings fall day after day and not feel anxious. In some cases many months or even years of hard work and savings can be lost.
That's the gist of it right there.
by Abe
Mon May 04, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs May Not Be Required for 2020
Replies: 142
Views: 9748

Re: RMDs May Not Be Required for 2020

My Vanguard Flagship representative just called me. She said our RMD's are being waived for this year, 2020. She said we have the option of taking or not taking the distribution. Since we don't need the money to live on, I instructed her to cancel the automatic distribution for this year. This will ...
by Abe
Wed Apr 29, 2020 4:47 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13419

Re: ??? Thomas Stanley - Stop Acting Rich book

Where I live, most farmers live the high life, but they are heavily in debt. If they don't make enough each year to pay off their debt, they refinance and roll it over to the next year.
by Abe
Fri Apr 24, 2020 9:51 am
Forum: Personal Investments
Topic: Why the large rate difference between CDs bought in brokerage vs direct from bank
Replies: 6
Views: 588

Re: Why the large rate difference between CDs bought in brokerage vs direct from bank

I've noticed the same thing recently, but I can't tell you why? Brokered CD rates are a lot lower than bank CD's.
by Abe
Sun Apr 19, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: I don’t need to file anything on April 15,2020, right?
Replies: 22
Views: 3078

Re: I don’t need to file anything on April 15,2020, right?

I owed a little money for 2019 tax year, and I paid it prior to April 15, 2020. I DID NOT file my 2019 tax return because I would not qualify for the stimulus money if the IRS based it on my 2019 income. If and when I receive the stimulus money, I'll file my 2019 return but no later than July 15th ...
by Abe
Sun Apr 19, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: I don’t need to file anything on April 15,2020, right?
Replies: 22
Views: 3078

Re: I don’t need to file anything on April 15,2020, right?

I owed a little money for 2019 tax year, and I paid it prior to April 15, 2020. I DID NOT file my 2019 tax return because I would not qualify for the stimulus money if the IRS based it on my 2019 income. If and when I receive the stimulus money, I'll file my 2019 return but no later than July 15th ...
by Abe
Fri Apr 17, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: I don’t need to file anything on April 15,2020, right?
Replies: 22
Views: 3078

Re: I don’t need to file anything on April 15,2020, right?

I owed a little money for 2019 tax year, and I paid it prior to April 15, 2020. I DID NOT file my 2019 tax return because I would not qualify for the stimulus money if the IRS based it on my 2019 income. If and when I receive the stimulus money, I'll file my 2019 return but no later than July 15th 2...
by Abe
Wed Apr 15, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Why not buy mobile homes instead of overpriced traditional homes?
Replies: 82
Views: 8912

Re: Why not buy mobile homes instead of overpriced traditional homes?

Where I live you don't have to put a mobile home in a park because there are plenty of cheap vacant lots available that can be rented or bought. People can live in a mobile home for a lot less cost than buying or renting a traditional home. I've often wondered why a house cost ten times more in some...
by Abe
Tue Apr 14, 2020 3:25 pm
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17785

Re: Ponzi Scheme?

warning signs:

High investment returns with little or no risk. ...
Overly consistent returns. ...
Unregistered investments. ...
Unlicensed sellers. ...
Secretive and/or complex strategies. ...
Issues with paperwork. ...
Difficulty receiving payments.
by Abe
Tue Apr 14, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 355
Views: 28333

Re: [Government stimulus payments]

This question may have already been asked. I don't think the IRS has my bank account information. If I receive my Social Security check by direct deposit into my bank account, will I automatically receive my stimulus check the same way without me having to do anything? ETA: I filed my 2018 tax retur...
by Abe
Tue Apr 14, 2020 12:21 pm
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17785

Re: Ponzi Scheme?

As others have said, this is most likely a scam. You don't want to let the investor or any one else know that you think it's a scam. If they know that you know then the gig is probably up. If I had $300k invested, I would try to withdraw my money, but I don't think I would try to withdraw all of it ...
by Abe
Mon Apr 13, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?
Replies: 51
Views: 4630

Re: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?

It depends on the property manager. Most of them will not manage your property the way you would. I recently turned over one of my rental houses to a manager just to try it out. The tenant called the manager and said the A/C was not cooling properly. The manager calls an HVAC man and all he does is...
by Abe
Mon Apr 13, 2020 11:20 am
Forum: Investing - Theory, News & General
Topic: Does compounding really work with stocks?
Replies: 64
Views: 4745

Re: Does compounding really work with stocks?

The OP didn't say any thing about "compound interest". He said: "Does compounding really work with stocks?" In the strictest sense, compound interest is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. But c...
by Abe
Sun Apr 12, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?
Replies: 51
Views: 4630

Re: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?

It depends on the property manager. Most of them will not manage your property the way you would. I recently turned over one of my rental houses to a manager just to try it out. The tenant called the manager and said the A/C was not cooling properly. The manager calls an HVAC man and all he does is ...
by Abe
Sun Apr 12, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6296

Re: How long after starting investing, did you start to be happy about the power of compounding?

We all know that there is nothing magical about money compounding. It's just interest return on interest. But, over time it seems magical. The snowball effect is a good analogy. It explains how small actions can lead to big gains over time. Money doubles about every 7 years at 10% return. $10k inves...
by Abe
Fri Apr 10, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 355
Views: 28333

Re: just got my $1200 stimulus payment

Did you guys who received the money file for 2019 yet? I am holding my 2019 tax return until I receive the stimulus because my 2019 taxable income was higher than 2018. If it was based on 2019, I wouldn't receive anything. Update: I received our stimulus check today in the mail 05/22/20 for $1,059....
by Abe
Fri Apr 10, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: Estimate on a new hvac system. Is it reasonable?
Replies: 60
Views: 4096

Re: Estimate on a new hvac system. Is it reasonable?

You might want to check with a local real estate office that manages properties. They should be able to recommend HVAC people who are reasonable. Regardless, I would get at least 2 more quotes.
by Abe
Fri Apr 10, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6296

Re: How long after starting investing, did you start to be happy about the power of compounding?

Warren Buffett made 99.7% of his money after the age of 52. Back when I started investing, I remember tallying up my very meager net worth and being surprised to see that it was a little more than I thought it should be. It took me a while to figure out that it was because of the compounding. But co...
by Abe
Sat Apr 04, 2020 11:48 am
Forum: Personal Consumer Issues
Topic: Paypal vehicle deposit, buyer opened case for refund.
Replies: 73
Views: 3579

Re: Paypal vehicle deposit, buyer opened case for refund.

My personal opinion is that a deposit is for the purpose of showing that you are “vested” in the purchase decision. . .if you go to buy a house doesn’t the deposit go to the seller if the buyer backs out? I’m actually asking more than saying. . . I don’t know what happens with that deposit but thou...
by Abe
Fri Apr 03, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: Paypal vehicle deposit, buyer opened case for refund.
Replies: 73
Views: 3579

Re: Paypal vehicle deposit, buyer opened case for refund.

I agree with the OP. The buyer sent $200 deposit to hold the motorhome until he got his tax refund. In return the seller took the motorhome off the market for 10 days. It's not the sellers fault that the buyer did not follow through. There would be no reason for the OP to take the home off the marke...
by Abe
Tue Mar 31, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: Stand Mixer
Replies: 59
Views: 2915

Re: Stand Mixer

A few years ago, I bought my wife a Kitchenaid mixer for Christmas. She very seldom uses it because she can't disengage the mixing bowl from the base plate. The only way she can disengage the bowl, once locked in, is to hit it with a rubber hammer (mallet). I always thought Kitchenaid products were ...
by Abe
Thu Mar 26, 2020 4:44 pm
Forum: Personal Investments
Topic: I moved to cash on March 13th and I’m regretting my decision now
Replies: 77
Views: 9392

Re: I moved to cash on March 13th and I’m regretting my decision now

I don't see where you have $220k in losses.
It looks like the S&P was at 2711 when you sold on March 13th. Even with todays 6% gain, it looks like you could get back in below what you sold for, assuming it doesn't go up a lot tomorrow.
by Abe
Thu Mar 26, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: How much (or little) do u talk to/teach others about finances
Replies: 36
Views: 1740

Re: How much (or little) do u talk to/teach others about finances

Unfortunately, there is only so much you can do. Some people will not do what it takes. They want everything now, so they buy what they want on credit, usually not on very good terms. When I have talked to people about saving money so they can pay cash for whatever they want or need, they look at me...
by Abe
Tue Mar 24, 2020 1:41 pm
Forum: Personal Investments
Topic: Question about Tax Loss Harvesting
Replies: 5
Views: 340

Re: Question about Tax Loss Harvesting

I don't think the IRS would consider those a wash sale, but ... Since they are different fund family than Vanguard, I don't think you can sell and buy on the same day. I think you will probably have to sell and buy back on another day. If you don't think the down days are over, then today would be ...
by Abe
Tue Mar 24, 2020 12:25 pm
Forum: Personal Investments
Topic: Question about Tax Loss Harvesting
Replies: 5
Views: 340

Question about Tax Loss Harvesting

I thought I would sell a few mutual funds during this downturn and take advantage of Tax Loss Harvesting. I was going to do it today, but the market has bounced back about 9% today, and since I don't think this downturn is over I'll wait a while and see what happens before I pull the trigger. I was ...
by Abe
Fri Mar 20, 2020 12:42 pm
Forum: Personal Investments
Topic: Question about my basis
Replies: 3
Views: 224

Re: Question about my basis

Thank you both kaneohe and MP123 for responding to my post. Sorry for the delay getting back to you. I've been away from my computer since Thursday evening. I just wanted to be sure I was right before I pulled the trigger.
by Abe
Thu Mar 19, 2020 5:31 pm
Forum: Personal Investments
Topic: Question about my basis
Replies: 3
Views: 224

Question about my basis

I have fund, American Funds, Capital Income Builder, that I am thinking about selling if I can break even or maybe have a loss for tax purposes. My original investment was approximately $32k in 2003. Since then I have been reinvesting my dividends and capital gains. On my ending 2019 statement it sa...