Search found 1730 matches

by Abe
Sun May 20, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 100
Views: 32071

Re: Is the first 100k really the hardest?

I thought I posted something on this thread back in 2015, but I guess I didn't. Yes, the first $100k is the hardest. After that it gets easier because you have something working for you other than yourself.
by Abe
Thu May 17, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 5784

Re: Mortgage decision killing me

Personally I hate 30 year notes because early payments have such minuscule impact on principal. I'd go with the 15. I don't follow this. If you get a 15 year note on $250,000 at 4% then the monthly payments are $2,236. In the first month that breaks down as: $833 interest; $1,015 principal If you g...
by Abe
Tue May 15, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10355

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

With a short term treasury bond ladder earning 2-3% and only taking out $40k per year how long would it last? Earning 0% it would last 25 years (and no income taxes). Add in 2% and it lasts much longer. Earning 3% it would last 47 years. Earning 2% it would last 35 years. Yes but you aren’t account...
by Abe
Tue May 15, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10355

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

Rainier wrote:
Tue May 15, 2018 5:40 am
With a short term treasury bond ladder earning 2-3% and only taking out $40k per year how long would it last?

Earning 0% it would last 25 years (and no income taxes). Add in 2% and it lasts much longer.
Earning 3% it would last 47 years.
Earning 2% it would last 35 years.
by Abe
Wed May 09, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: How to remove garden hose nozzle that is stuck on a hose
Replies: 40
Views: 2852

Re: How to remove garden hose nozzle that is stuck on a hose

Clamp curved jaw vice grips or locking pliers on to the metal part of the hose. Be careful not to bend it. Take a pair of channel locks and turn the nozzle counter clockwise to loosen it.
by Abe
Sat Apr 28, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 5951

Re: How do I make sure IRS receives my manual tax return ?

I just mailed mine today from my local post office. They gave me tracking numbers. I can check the tracking numbers and find out when it arrived at its destination. They, state and federal, were postmarked April 16th. That's exactly what I did. I mailed my taxes on the 16th. Today, on the 20th, as ...
by Abe
Wed Apr 25, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 4400

Re: What happened to the Dow Jones between 1966-1982?

This information is from a S&P 500 return calculator (annual returns) https://dqydj.com/sp-500-return-calculator/ 1966 to 1982 1.39% return, 5.49% with dividends reinvested 1966 to 1995 6.09% return, 10.18% with dividends reinvested 1982 to 1995 12.17% return, 16.24% with dividends reinvested
by Abe
Wed Apr 18, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 10033

Re: Got hit with a $2800 Medical bill. Can I negotiate?

Recently went through this with an ER visit. Called to ask if I could pay online rather than mailing a check or some such, and was told don't pay online if I'm going to pay in full, they can give a discount for that over the phone but not online. Got 25% off the bill if I paid in full, or could set...
by Abe
Mon Apr 16, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 89
Views: 5951

Re: How do I make sure IRS receives my manual tax return ?

I just mailed mine today from my local post office. They gave me tracking numbers. I can check the tracking numbers and find out when it arrived at its destination. They, state and federal, were postmarked April 16th.
by Abe
Fri Apr 13, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 35999

Re: Is there a such thing as a blue collar Boglehead?

mlebuf wrote:
Thu Apr 12, 2018 2:05 am
Being white collar or blue collar has nothing to do with accumulating wealth. The ability to save and knowing the simple basics of investing are infinitely more important.
+1 Save, Invest and Compound (SIC)
by Abe
Tue Apr 10, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: High-yield Savings
Replies: 31
Views: 3956

Re: High-yield Savings

The SEC Yield for Vanguard Prime Money Market Fund VMMXX is 1.75%
by Abe
Wed Mar 28, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: How can I start investing when equities and real estate are this much high?
Replies: 65
Views: 7944

Re: How can I start investing when equities and real estate are this much high?

Over 50 years I've been investing, I never did feel as if it was a good time to invest in the stock market. I have to say now that I'm glad I did. What are you going to do? If you sit on the sideline and don't invest and the market keep going up as it tends to do long term, you never will invest bec...
by Abe
Wed Mar 28, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4351

Re: Retirees: Do you spend all your "income"?

I spend roughly 34% of my taxable income.
by Abe
Mon Mar 26, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3023

Re: $35/month for washer dryer rental?

Just out of curiosity I went to Lowes and found Whirlpool 3.5-cu ft Top-Load Washer $349, and a Whirlpool 7-cu ft Electric Dryer for $349. So lets say $800 including tax, etc. Washers and driers have an average life expectancy of 12 to 14 years. So if the apartment complex buys a washer and drier f...
by Abe
Mon Mar 26, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3023

Re: $35/month for washer dryer rental?

Just out of curiosity I went to Lowes and found Whirlpool 3.5-cu ft Top-Load Washer $349, and a Whirlpool 7-cu ft Electric Dryer for $349. So lets say $800 including tax, etc. Washers and driers have an average life expectancy of 12 to 14 years. So if the apartment complex buys a washer and drier fo...
by Abe
Fri Mar 23, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10428

Re: Losing friends/family when wealthy

Another poster said, if you are wealthy and pretend you are not, you will alienate people. By the same token, if you are wealthy and you flaunt it, you will also alienate people. What is the moral to this story?
by Abe
Tue Mar 20, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 128
Views: 19151

Re: Is it time to dump high yield savings for prime money market?

Bulgogi Head wrote:
Tue Mar 20, 2018 10:46 am
If the ER is .16%, does that mean we should consider the yield really at 1.45%?
No, the 1.61% is after the .16% ER is factored in.
by Abe
Sat Mar 17, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Techniques in helping other with poor money skills
Replies: 27
Views: 2380

Re: Techniques in helping other with poor money skills

GCD wrote:
Sat Mar 17, 2018 2:38 pm
Yup. I have a friend who buys physical gold. He does this so he won't lose any money when the stock market crashes. I hope he doesn't get burglarized.
At least he's investing in something (gold) rather than spending it all like some people do.
by Abe
Wed Mar 14, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Effect of interest rates on my bond funds
Replies: 46
Views: 3996

Re: Effect of interest rates on my bond funds

OK, just want to weight in on the chart that Patrick013 posted: the so-called bond market 'bear' and 'bull'. I think there is a major misunderstanding here. The bond returns shown have little to do with the 'trends' (rising and falling) in interest rates, but rather with the interest rate at the be...
by Abe
Wed Mar 14, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Effect of interest rates on my bond funds
Replies: 46
Views: 3996

Re: Effect of interest rates on my bond funds

OK, just want to weight in on the chart that Patrick013 posted: the so-called bond market 'bear' and 'bull'. I think there is a major misunderstanding here. The bond returns shown have little to do with the 'trends' (rising and falling) in interest rates, but rather with the interest rate at the be...
by Abe
Mon Mar 12, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 69
Views: 9659

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

I have 1 stock of BRK.B to get the Geico 8% discount. I bought it few week before @ 216 for 1 share which saves 32 bucks on my 6 months of insurance on my new CRV. I will be holding this one share since then. But not planning to sell that one share. Since OP post is using the word - instead: I woul...
by Abe
Sun Mar 11, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: 25YR old with considerable amount of cash
Replies: 48
Views: 6716

Re: 25YR old with considerable amount of cash

You have been handed a great gift. Now you must learn some life lessons to take advantage. My advice is to invest the money, and pretend you do not have it. Get a degree or license or certificate and go to work for 25 years, continue to invest your work earnings, while allowing your inheritance to ...
by Abe
Sun Mar 11, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: DW lost wedding ring -- file police report?
Replies: 28
Views: 2501

Re: DW lost wedding ring -- file police report?

One time my wife lost her ring. We looked everywhere but couldn't find it. Finally, as a last resort, I removed the p trap on the bathroom sink and there it was. May be worth trying. Edited to add: At the very least, you could get one of those pick up claw grabber thingys https://www.walmart.com/ip/...
by Abe
Fri Mar 09, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Fidelity Investments to Index
Replies: 18
Views: 1170

Re: Comparing Fidelity Investments to Index

You can go to morningstar.com and enter the ticker symbol of the fund you want to campare your parents funds too. If you want to compare them to Vanguard Total Stock Mkt Fund, you would put in VTSAX for admiral shares. Then scroll down to growth of $10k chart. Up in the top right of the chart, click...
by Abe
Thu Mar 08, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield savings accounts recommendations
Replies: 13
Views: 1381

Re: High Yield savings accounts recommendations

Kittens wrote:
Thu Mar 08, 2018 11:31 am
thanks, I never heard of that bank, is it well known?
DollarSavingsDirect is a division of Emigrant Bank. They are FDIC insured. My experience has been they start out with a high rate, but then the rate goes down.
by Abe
Mon Mar 05, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Lend Money for Mortgage or Buy Bonds?
Replies: 11
Views: 698

Re: Lend Money for Mortgage or Buy Bonds?

The only downside I see is liquidity and reallocation would be more difficult if needed. Any thoughts on this or am I not seeing the forest for the trees? hawker7 I have invested in owner financed mortgages for many years. I don't know if you are aware of this or not, but if you had to sell this mo...
by Abe
Thu Mar 01, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly income stream for a senior citizen – safeguard from scammers
Replies: 12
Views: 1186

Re: Monthly income stream for a senior citizen – safeguard from scammers

I meant to say "I tend to agree". Sorry for the typo. Also, can a sweet-talking scammer 'transfer' annuity payments to himself/herself? There are financial companies who buy annuities at a steep discount. Of course you would have to be a willing participant. I went to ImmediateAnnuities.com and the...
by Abe
Wed Feb 28, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 34412

Re: What if you only live off dividends?

The 4% rule is a good rule of thumb to approximate the amount of money needed to last through retirement. But none of this stuff is chiseled in stone. There are some people who, for whatever reason, would be more comfortable using a lower withdrawal rate than 4%. There is nothing wrong with that eit...
by Abe
Mon Feb 26, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting my tenant the first time - need help
Replies: 14
Views: 1416

Re: Meeting my tenant the first time - need help

So you want those 3am calls when the toilet is plugged and the property manager hasn't called them back? If it were me, I wouldn't even want the tenant to know who I was. Do you plan to manage the property yourself from 3 hours away? this don't see any value in meeting and touring the place... that...
by Abe
Fri Feb 23, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Is there a way to send text messages on my computer?
Replies: 30
Views: 3592

Re: Is there a way to send text messages on my computer?

As others have mentioned, Google Voice will do what you want. It is also a great free service for other things. You can get transcripts of your voicemails, forward to multiple phones, block numbers, etc. When I switch carriers I don't bother taking my phone number because I have my Google Voice num...
by Abe
Thu Feb 22, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17878

Re: Retirees: The common sense withdrawal method

I guess I use the common sense method. I have rent from rental properties and our social security checks go into our bank account. This is more than enough for us to live on. I have never removed any money to live on from my regular investments (stocks, bonds, cd's, etc). Actually it's the other way...
by Abe
Thu Feb 22, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Is there a way to send text messages on my computer?
Replies: 30
Views: 3592

Re: Is there a way to send text messages on my computer?

OP here. Thanks everyone for your help.
by Abe
Mon Feb 19, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Is there a way to send text messages on my computer?
Replies: 30
Views: 3592

Re: Is there a way to send text messages on my computer?

OP here. Thanks rkhusky and everyone else who responded. I tried the @mms.att.net extension but that didn't work either. I thought I might try the mightytext program, but I see it only works on Android phones. I think I will look in to the Google Voice thing as others have suggested. How do I do tha...
by Abe
Sat Feb 17, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Is there a way to send text messages on my computer?
Replies: 30
Views: 3592

Re: Is there a way to send text messages on my computer?

OP here. I tried to send a text from my email to my cell phone.
I put in my 10 digit cell phone number@txt.att.net but I didn't receive the text message on my cell phone. Anyone have any idea what I did wrong?
by Abe
Sat Feb 17, 2018 11:46 am
Forum: Personal Consumer Issues
Topic: Is there a way to send text messages on my computer?
Replies: 30
Views: 3592

Is there a way to send text messages on my computer?

I have a flip phone. I would like to send and receive text messages occasionally, but it is difficult to do with a flip phone. Does anyone know a way for me to send and receive text messages on my computer? If so, how would I do it? Thanks,
by Abe
Fri Feb 16, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11582

Re: I'm Cancelling My Home Insurance

Well, I have seriously considered it. My home is paid for as is everything else I own. The value of my home is less than 2% of my net worth. I have several rental properties that are not insured.
by Abe
Thu Feb 15, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17894

Re: Number at which to stop worrying

When I read post like this, it reminds me of a short essay by Robert Hastings titled "The Station". I first read in an Ann Landers article in the 1980's. It uses a train trip as a metaphor for life and the destination is the station. When we get to the station there will be bands playing, and flags ...
by Abe
Wed Feb 14, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17894

Re: Number at which to stop worrying

From Dale Carnegie's book, "How to Stop Worrying and Start Living". There's a simple three-step technique that can help when you're besieged by personal or professional worries. First, ask yourself what's the worst that could possibly happen. Second, prepare to accept the worst. Finally, figure out...
by Abe
Wed Feb 14, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17894

Re: Number at which to stop worrying

Folks, The good thing about being unemployed for 1 year or longer a few times is A) I learned not to worry. I had to in order to survive. B) I am prepared for whatever worst case that I can imagine. For example, I am prepared for unemployment and recession lasting 5 years at any time. C) I have a p...
by Abe
Mon Feb 12, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17894

Re: Number at which to stop worrying

A long time ago I thought that if I had $100k I could quit worrying. When I reached that goal, I discovered that I continued to worry just as much as when I had nothing. So I set out to get a million, but the result was the same. I now have several million dollars and I have finally discovered there...
by Abe
Mon Feb 12, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Short term bonds with 6,7,&8% yield?
Replies: 7
Views: 975

Re: Short term bonds with 6,7,&8% yield?

"If it Sounds Too Good to Be True, it Probably Is"...especially when it comes to investing.
by Abe
Mon Feb 12, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9127

Re: Tenants want to break lease early and is pregnant update

OK thanks for all the great responses. Here is some feedback. the lease is in CA we used the standard California Association of Realtors Residential Lease form. Item 30. Breach of Contract Early Termination states the tenant is responsible for loss of rent, rental commissions, advertising costs and...
by Abe
Sat Feb 10, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9127

Re: Tenants want to break lease early and is pregnant

I try to avoid conflict too, but I have found that I can't be too lenient either because some tenants will take advantage. If I give them an inch, they take a mile. But each situation is different. I have this one house now that I let the tenant get 3 months behind. They still couldn't or wouldn't ...
by Abe
Sat Feb 10, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9127

Re: Tenants want to break lease early and is pregnant

I don't think some people posting on this thread have had much experience dealing with tenants. I have owned rental property for over 50 years. In my experience, a lease is more beneficial to the tenant than the landlord. With a lease, the tenant locks in the rent rate for the term of the lease. If...
by Abe
Sat Feb 10, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9127

Re: Tenants want to break lease early and is pregnant

I don't think some people posting on this thread have had much experience dealing with tenants. I have owned rental property for over 50 years. In my experience, a lease is more beneficial to the tenant than the landlord. With a lease, the tenant locks in the rent rate for the term of the lease. If ...
by Abe
Fri Feb 09, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 96
Views: 6249

Re: I didn't tax-loss harvest this month, did you?

I have never tax loss harvested in my life, but I did sell a fund in January 2018 and the best I can tell I will have a loss. Maybe someone can tell me if I calculated this right. I invested $12k originally on 02/01/05, and reinvested all distributions and did not sell any shares during the time I h...
by Abe
Thu Feb 08, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9127

Re: Tenants want to break lease early and is pregnant

I knew a fellow who rented a house to a couple. One day the husband came to him and said he couldn't pay the rent this month because his wife was pregnant. The landlord said do you remember when you moved in to my house we agreed that anything that's my fault I pay for; anything that's your fault yo...
by Abe
Thu Feb 08, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6137

Re: Potential employer wants me to give offer - how to respond?

Years ago a very wise person advised me to get the book, "Secrets of Power Negotiating", by Roger Dawson. I am very glad I did because the information I got from that book has made me a lot of money over the years. In the book Dawson explains negotiation gambits, which are tactics you can use to ach...
by Abe
Wed Feb 07, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: shall I buy Toyota prepaid maintenance service for 2018 Camry
Replies: 37
Views: 3270

Re: shall I buy Toyota prepaid maintenance service for 2018 Camry

To make matters worse, the car was a total piece of crap. It was so cheaply made that even the metal in the license plate bolt was flaking off as I tightened it (and it was not cross threaded). That should have been my first warning. Sorry to hear you had so much trouble with your Camry. My last 2 ...
by Abe
Tue Feb 06, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6137

Re: Potential employer wants me to give offer - how to respond?

A Mega-corporation is highly skilled in salary negotiation, more so in most cases than the people they are hiring. A skilled negotiator will try to get information that is useful to them. The more information they get, the more likely they will prevail. When the Mega-corporation ask the OP "what it ...