Search found 1825 matches

by Abe
Mon Jan 21, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 107
Views: 4299

Re: Paying thousands per ticket to attend the NFL Super Bowl?

$3,400 WOW. I had no idea people would pay that much to see a football game. I'm not a sports fan, so I wouldn't go if it was free. But $3,400... that's amazing. While we're on the subject of cruise ships, I agree with theplayer11, I'm scared of them, too top heavy, plus they say every time you turn...
by Abe
Sat Jan 19, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Is using an Asset Allocation Mental Accounting?
Replies: 43
Views: 1830

Re: Is using an Asset Allocation Mental Accounting?

I can see where asset allocation might be considered a form of mental accounting. In the sense that you treat some money differently than other money. With asset allocation, you treat some money as safe money "I will take less risk with" (fixed income investments), and some money you treat as "I can...
by Abe
Sat Jan 19, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 2927

Re: How do you keep a calendar?

I use a AT-A-GLANCE Desk Calendar size 3 1/2 x 6 inches, you flip the page over each day. You can buy the stand one time and then just buy the refills each year. I also use a wall calendar with the large square space for each day to write in important reminders. I usually can get the wall calendars ...
by Abe
Thu Jan 17, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 57
Views: 4268

Re: Paying extra on mortgage - what am I missing?

For those who believe there is an advantage. Here's my question again....with initial $300K loan, 30 years, 3.875%, the balance will be $100K in 23 years. So if I keep $100K with my (less don't worry about the 2% interest), I can pay of my loan in year 23. With the one time lump sum $100K prepaymen...
by Abe
Thu Jan 17, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 57
Views: 4268

Re: Paying extra on mortgage - what am I missing?

I think there's some confusion. Or at least I am confuse because there are many scenarios and we could all be talking different things. I think the question to ask "What does the bank do with the lump sum (say $100K) that the OP sends over"? Do they: 1) Apply it to the principal AND adjust the mort...
by Abe
Thu Jan 17, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 57
Views: 4268

Re: Paying extra on mortgage - what am I missing?

I think there's some confusion. Or at least I am confuse because there are many scenarios and we could all be talking different things. I think the question to ask "What does the bank do with the lump sum (say $100K) that the OP sends over"? Do they: 1) Apply it to the principal AND adjust the mort...
by Abe
Thu Jan 17, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 57
Views: 4268

Re: Paying extra on mortgage - what am I missing?

I think there's some confusion. Or at least I am confuse because there are many scenarios and we could all be talking different things. I think the question to ask "What does the bank do with the lump sum (say $100K) that the OP sends over"? Do they: 1) Apply it to the principal AND adjust the mort...
by Abe
Thu Jan 17, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 57
Views: 4268

Re: Paying extra on mortgage - what am I missing?

Anyone who is half-way interested in personal finance needs to learn how to use a financial calculator, be it an app on their phone, a physical financial calculator, or a program like Excel. I did the above analysis with one on my phone in just a couple of minutes. It can be done in spreadsheets as...
by Abe
Thu Jan 17, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 850
Views: 43833

Re: John Bogle has died at age 89

Thank you Mr. Bogle for everything you did for the little guy. RIP
by Abe
Thu Jan 10, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13940

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

Do you need adopted children, grandkids, how about a dedicated animal care taker for when you pass??? Seriously you know there is no reward for richest guy in the graveyard right! I am always saddened (though you didn't say) by how many people on here say no.kids like it's an achievement or somethi...
by Abe
Thu Jan 10, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13940

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

It never ceases to amaze me when I read post from people making $100k a year and more. I never earned $100k in my life. Best I can remember, the most I ever made was around $67k, and most years much less. Of course I can remember when the people across the street built a nice house for $12k. I'm re...
by Abe
Wed Jan 09, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13940

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

It never ceases to amaze me when I read post from people making $100k a year and more. I never earned $100k in my life. Best I can remember, the most I ever made was around $67k, and most years much less. Of course I can remember when the people across the street built a nice house for $12k. I'm ret...
by Abe
Wed Jan 09, 2019 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4437

Re: Would your FIRE plan work had your journey started 1965?

barnaclebob wrote:
Wed Jan 09, 2019 2:00 pm
What were bonds and CD's paying during this time. Stocks are only part of the picture. Also any article that doens't include dividends reinvested is garbage and not to be trusted.
By the early to mid 70's CD rates were getting up into the 2 digit range.
by Abe
Wed Jan 09, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does The Bucket Approach Destroy Wealth?
Replies: 56
Views: 5801

Re: Larry Swedroe: Does The Bucket Approach Destroy Wealth?

bhsince87 wrote:
Wed Jan 09, 2019 2:26 pm

And yet another perspective is, who cares if the approach under-performs?

At that point in life, preserving capital and keeping income/returns at least matched to inflation is a much more likely goal than maximizing returns.
Amen to that.
by Abe
Wed Jan 09, 2019 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4437

Re: Would your FIRE plan work had your journey started 1965?

The stock market went down over 70% between 1965 and 1982 , following a 15-year bull market. Now we are standing at the start of another bear market. What if the history repeats itself? A 4% "safe" withdrawl rate is surely not safe... If my memory serves me, interest rates were extremely high back ...
by Abe
Wed Jan 09, 2019 12:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does The Bucket Approach Destroy Wealth?
Replies: 56
Views: 5801

Re: Larry Swedroe: Does The Bucket Approach Destroy Wealth?

I do not think that the bucket approach prohibits rebalancing into stocks. This is the assumption that makes the strategy tend to under-perform, but the assumption is not necessarily correct. In other words, if you define the bucket approach to fail - it will. A much better approach is to allow reb...
by Abe
Wed Jan 09, 2019 11:41 am
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8093

Re: My favorite Boglehead posters

I like HomerJ and Sheepdog
by Abe
Thu Jan 03, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $4k / month
Replies: 8
Views: 1258

Re: What to do with $4k / month

"Spend half of it on wine, women and gambling. You can just waste the other half." W C Fields, I think. Seriously though, you could pay of your vehicle debt if you just don't like being in debt, or just invest it according to your asset allocation, or just sock it away in a MMkt account or something...
by Abe
Tue Jan 01, 2019 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Income Producing Property?
Replies: 10
Views: 806

Re: Payoff Income Producing Property?

Or you could do something like Petulant suggested, but it gets more complicated. One thing I have done in the past if the mortgage holder didn't want to take a discount was to give them a third of the loan balance for a third of the payments. In this case you would pay $174,560. for 110 payments whi...
by Abe
Tue Jan 01, 2019 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Income Producing Property?
Replies: 10
Views: 806

Re: Payoff Income Producing Property?

The mortgage holder will have to take a steep discount if she wants to sell the mortgage, but she may be able to get more than $200k or $250k that you are thinking about paying. Why don't you post the mortgage information and I can calculate the yield for you. I would need the number of payments re...
by Abe
Mon Dec 31, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Income Producing Property?
Replies: 10
Views: 806

Re: Payoff Income Producing Property?

The mortgage holder will have to take a steep discount if she wants to sell the mortgage, but she may be able to get more than $200k or $250k that you are thinking about paying. Why don't you post the mortgage information and I can calculate the yield for you. I would need the number of payments rem...
by Abe
Sun Dec 30, 2018 12:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8093

Re: My favorite Boglehead posters

bearwithbear wrote:
Fri Dec 28, 2018 5:18 pm
Sheepdog.
His thread kept me grounded and showed how supportive a community Bogleheads is.

Bear
I also enjoy Sheepdogs posts.
by Abe
Thu Dec 27, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9310

Re: What common everyday inconvenience have you intentionally suffered for frugality?

Nicolas wrote:
Wed Dec 26, 2018 9:23 pm
I used to drive a car where the floor began to rust out and a hole developed, you could see the road.
We had a truck one time with the same problem, the floor was rusted out. We kept it, not because we were being frugal, but because we couldn't afford to buy another one. :happy
by Abe
Sun Dec 23, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 2
Views: 178

Re: Tax Loss Harvesting Question

livesoft wrote:
Sun Dec 23, 2018 12:23 pm
1. Yes. The fund must be held in a taxable account though.

2. Yes.
Ok, thanks livesoft. It is in a taxable account. Just wanted to be sure.
by Abe
Sun Dec 23, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 2
Views: 178

Tax Loss Harvesting Question

I hold Vanguard Short-Term Bond Index Fund (VSCSX). I have an unrealized loss of $4,666 in the fund. I have 2 questions. 1) Can I sell it before December 31st of this year and then buy it back after 31 days and apply the loss on my 2018 tax return and avoid a wash sale. 2) Can I sell it before Decem...
by Abe
Sat Dec 22, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13138

Re: Is anyone's portfolio not tanking???

If I had everything invested in fixed income investments, my portfolio would not be "tanking" But my portfolio would not be as high as it is now if I had invested everything in fixed income. The downturn we are going through now is the price we pay for higher return long term. We shouldn't compare w...
by Abe
Wed Dec 12, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Replacing a gas furnace and electric AC: when and how much?
Replies: 25
Views: 1525

Re: Replacing a gas furnace and electric AC: when and how much?

When I replace the A/C and furnace (about 2 1/2 ton) in rent houses, I usually pay about $4k turn key.
by Abe
Fri Dec 07, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Brinks Security cancellation
Replies: 6
Views: 534

Re: Brinks Security cancellation

I had a big problem canceling my security service with another company -- not Brinks. I had an automatic bank draft payment to them each month. When I canceled the service, they continued to draft my bank account. The only way I was able to stop it was to stop payment at my bank which cost me $38. I...
by Abe
Sat Dec 01, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Net Worth Question - Current Value or Personal Contribution?
Replies: 31
Views: 2149

Re: Net Worth Question - Current Value or Personal Contribution?

If I have a portfolio valued at $400,000 TODAY , and I, personally, stop adding a single penny to this investment, assuming 5% Average annual return over 30, years, I would have $1.72M. Is this a correct statement? I am looking to use an average 5% real rate... meaning the market could go up and do...
by Abe
Thu Nov 29, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2876

Re: Remodeling - tipping?

Providing references (if they did a good job) will provide them more value (and $) than a tip. Next thing, people will start tipping homebuilders. How about your car salesmen? Maybe your plumber? How about bus drivers? This is insane. Pure guilt trip. I'd rather give that money to my children than ...
by Abe
Thu Nov 29, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Remodeling - tipping?
Replies: 56
Views: 2876

Re: Remodeling - tipping?

Why would you give these people at tip? I don't get it.
by Abe
Thu Nov 22, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Landlords: Where do you buy your fridges?
Replies: 15
Views: 2425

Re: Landlords: Where do you buy your fridges?

I have bought appliances for my rentals at Lowes, Home depot, Sears Hometown store and used. Currently I am trying to get away from providing appliances in rent houses. I just recently had a tenant move out and she left the refrigerator full of food. The door was left open, and there were mice and r...
by Abe
Mon Nov 19, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 5960

Re: The psychology of withdrawing from your portfolio

Yes, it is very difficult for me to withdraw from my portfolio. I live on rental income and social security. I have never withdrawn any money from my stock, bond and cash investments. I just let them grow just like I did before I retired. I know this is a form of mental accounting; money is fungible...
by Abe
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: 133
Views: 12513

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...
by Abe
Thu Nov 15, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1201

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
by Abe
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: 5371

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. :beer
My Vanguard rep once sent me a copy of "Enough" signed by Mr Bogle. :happy
by Abe
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: 2837

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
by Abe
Mon Nov 12, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4121

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...
by Abe
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: 2837

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...
by Abe
Wed Nov 07, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Prime Money Market vs. Bonds/CDs
Replies: 6
Views: 1117

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...
by Abe
Fri Nov 02, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Diversification Regret
Replies: 114
Views: 13564

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...
by Abe
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: 2471

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. :greedy
by Abe
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: 3315

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...
by Abe
Fri Oct 26, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5399

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...
by Abe
Thu Oct 25, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5399

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. ...
by Abe
Wed Oct 24, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6176

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...
by Abe
Tue Oct 23, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4946

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....
by Abe
Sat Oct 20, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 30
Views: 4053

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...
by Abe
Fri Oct 05, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11357

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.
by Abe
Fri Oct 05, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5417

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." :beer