Search found 1757 matches

by Abe
Sat Jul 21, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 208
Views: 8994

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...
by Abe
Thu Jul 19, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 208
Views: 8994

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) ...
by Abe
Thu Jul 19, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 88
Views: 5694

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... ...
by Abe
Wed Jul 18, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 34
Views: 2548

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...
by Abe
Wed Jul 18, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 34
Views: 2548

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...
by Abe
Mon Jul 16, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 4925

Re: Where to get a $100 bill?

This is another reason why I like to bank at a small local bank.
by Abe
Thu Jul 05, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Removing dead poison ivy
Replies: 24
Views: 1319

Re: Removing dead poison ivy

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.
by Abe
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: 11053

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-...
by Abe
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: 11053

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...
by Abe
Sat Jun 30, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 958

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 ...
by Abe
Sat Jun 30, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 958

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 ...
by Abe
Thu Jun 28, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Who's John Bogle?"
Replies: 17
Views: 2364

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.
by Abe
Thu Jun 28, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 2509

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...
by Abe
Fri Jun 22, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20695

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...
by Abe
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: 7009

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. :happy

viewtopic.php?f=1&t=104479&hilit=never+lose+money
by Abe
Fri Jun 15, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7000

Re: can we afford to spend $20K on travel annually

I wouldn't spend $20k a year on traveling, but I'm a tight wad. It looks like you can afford it if that's what you want to do.
by Abe
Fri Jun 15, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11904

Re: Which boglehead rule do you break--and are ok with

I only have about a third of my stock investments in index funds (roughly $741k). The remaining two thirds of my stock investments are in individual stocks and managed funds. With the managed funds, I'm paying higher expense ratios and some of them have higher turnover. With the individual stocks, I...
by Abe
Mon Jun 04, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18389

Re: Don’t cheat yourself with the 4% rule

Although this is nothing new, I thought the article was interesting. She talks about a more flexible retirement withdrawal method rather than something more rigid like the 4% rule. I think Taylor does this. https://finance.yahoo.com/news/don-t-cheat-yourself-4-061658618.html Reads like an ad for an...
by Abe
Mon Jun 04, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18389

Don’t cheat yourself with the 4% rule

Although this is nothing new, I thought the article was interesting. She talks about a more flexible retirement withdrawal method rather than something more rigid like the 4% rule. I think Taylor does this.

https://finance.yahoo.com/news/don-t-ch ... 58618.html
by Abe
Sat Jun 02, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Gold Chain necklace, authentic gold
Replies: 10
Views: 1158

Re: Gold Chain necklace, authentic gold

It might be helpful to go to the following link an read the article. It explains how to calculate the melt value which is the actual gold content of a piece of jewelry. The retail price in a jewelry store could be two to three times more than the melt value. https://www.callagold.com/education/rule-...
by Abe
Fri May 25, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 26
Views: 2072

Re: Book for wife on investing

Well LadyGeek and chevca and Cheryl604 beat me to it. I was about to recommend, "If you can" by William J Bernstein and "The Bogleheads Guide to Investing"
by Abe
Thu May 24, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

I understood the op's question was how much did he save, assuming he paid the first loan off over the 30 year term, compared to recasting making a $40k principal payment and $1200 monthly payments. Using the above assumptions, this is how I came up with the $127,334 savings. The original loan has 36...
by Abe
Thu May 24, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

daheld, What is the number you came up with? In a previous post I came up with $127,334 savings. Quick calculation comparing the two loans using $1200 payment on the recast loan. Thanks for your help. I came up with a total savings of $131,012. I calculated that the lump sum payment of $40,000 save...
by Abe
Thu May 24, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

Peace bro. It's done. You are stressing over something that does not matter any more. I'm not stressing about anything. I am happy and content with our financial decisions. I am looking to find the total amount of interest saved for a reason, and I needed to be sure I was calculating it correctly a...
by Abe
Thu May 24, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

I did a quick calculation and came up with a savings of $127,334. This is the savings comparing the original loan to the recast loan with $1200 monthly payments. I didn't double check my numbers but I think this is correct.
by Abe
Thu May 24, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

You should already have an amortization schedule for the original loan. You can run a new amortization schedule for the recast loan using a $1200 per month payment and then compare the interest on each loan.
by Abe
Thu May 24, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1646

Re: I need some math help-calculating interest savings

Why don't you just leave the loan as is and make the $40k payment on principal and then make the $1200 per month payments after that. Why do you need to recast?
Edited to add: Sorry, I see you have already recast.
by Abe
Sun May 20, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 42923

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: 6938

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: 10906

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: 10906

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: 41
Views: 5113

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: 6524

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: 4788

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: 10952

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: 6524

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: 37044

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: 4180

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: 8633

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: 4520

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: 3159

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: 3159

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: 10869

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: 138
Views: 23678

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: 2501

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: 4257

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: 4257

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: 74
Views: 11430

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: 6862

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: 2644

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/...