Search found 1636 matches

by Abe
Fri Nov 17, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]
Replies: 25
Views: 4231

Re: A Friend Asked Me - Ponzi or Not? [1st position commercial mortgage notes]

I have invested in mortgage notes for many years. You have to do your due diligence when buying notes. I buy directly from the mortgage holders. There are many details that you need to be aware of when buying paper. One is that you need to know the investment to value ratio. One rule of thumb I go b...
by Abe
Fri Nov 03, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Carmax, Junk Yard, Auction?
Replies: 17
Views: 1488

Re: Carmax, Junk Yard, Auction?

They charge $575 to tell you they will charge you another $3,265.
Used to be the only time I got a diagnosis was when I went to the doctor. Now everybody wants to give me a diagnosis. :(
by Abe
Thu Nov 02, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Holding a mortgage for someone else - options?
Replies: 30
Views: 1848

Re: Holding a mortgage for someone else - options?

I am not a lawyer, so take this from a layman's perspective. From your post, I assume you will be making a loan to a family member secured by a mobile home. Will the family member be renting the lot in the mobile home park? If so the mobile home would not be considered Real Estate, so the ownership...
by Abe
Thu Nov 02, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Holding a mortgage for someone else - options?
Replies: 30
Views: 1848

Re: Holding a mortgage for someone else - options?

I am not a lawyer, so take this from a layman's perspective. From your post, I assume you will be making a loan to a family member secured by a mobile home. Will the family member be renting the lot in the mobile home park? If so the mobile home would not be considered Real Estate, so the ownership ...
by Abe
Thu Nov 02, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9395

Re: I'm fairly young but done with saving money

I've been saving so long that I just do it by force of habit I guess. I wouldn't say it's dangerous to stop saving, but It would be very hard for me to stop even if I wanted to. I know there are a lot of people who don't think the way I do. Still, if I were the OP, I would not stop saving until I at...
by Abe
Wed Nov 01, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9395

Re: I'm fairly young but done with saving money

This seems to be the 3rd recent topic where somebody who has seen the 2 commas and considering calling it quits. Should we tell them that when you used to think about million in the past, now you need to think about ten millions instead. Eight digits is the new million today :) Well, I think eight ...
by Abe
Wed Nov 01, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 1998

Re: Worry About Home Title Fraud?

Most people get title insurance when they buy their home. The title policy is good as long as they own the home. I think the title policy would cover this.
by Abe
Wed Nov 01, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9395

Re: I'm fairly young but done with saving money

DaftInvestor wrote:
Wed Nov 01, 2017 6:04 am
Kids college?
It doesn't have to be all or nothing - why isn't saving 10 to 15% of you pretax salary an option?
I agree. I would save at least 10%.
by Abe
Thu Oct 26, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1219

Re: Medicare Supplement Plan F or Plan F High Deductible

So, putting aside the $183 for a moment, if you pay up to $2200 out of pocket, then you would pay up to $11K in total medical billing ($11K * 20% = $2200). So, you pay $2200 and the Plan pays $8800 (worst case scenario). Is that correct? That is correct for Part B charges, but not Part A. You reall...
by Abe
Wed Oct 25, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1219

Re: Medicare Supplement Plan F or Plan F High Deductible

Under Plan F High Deductible, what will get applied to the $2,200 deductible? Will it be the Amount Charged (by the doctor), or the Medicare Allowed Amount? In other words, before I reach the $2,200 deductible, will I have to pay the doctor whatever they charge? For example, recently the dermatolog...
by Abe
Tue Oct 24, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Converting to Safety Razors
Replies: 116
Views: 11441

Re: Converting to Safety Razors

I started shaving in the late 50's with a safety razor. Somewhere along the line, I converted to cartridge razors and aerosol canned shaving cream. Then a few years ago, I jumped back on to the wet shaving craze. I have tried several of the Merkur double edge razors as well as vintage Gillette razor...
by Abe
Mon Oct 23, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Medicare Supplement Plan F or Plan F High Deductible
Replies: 14
Views: 1219

Re: Medicare Supplement Plan F or Plan F High Deductible

I have the plan F high deductible for myself, premium $45.50 per month. I am thinking seriously about converting my wife from her current Advantage plan, which will be discontinued in 2018, to Plan F high deductible January 1st. Plan F high deductible is good for people who don't foresee a lot of me...
by Abe
Fri Oct 20, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 211
Views: 143800

Re: A time to EVALUATE your jitters

Things looked pretty grim when nisiprius first posted this. Out of courisity, I went to the S&P 500 return calculator to see what the return has been since he posted this in August 2011. The S&P 500 has had an annualized return of 15.26% with dividends reinvested.
by Abe
Tue Oct 17, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 683

Re: Question about Medigap Insurance

OP here. I had hoped to get a few more replies to my post, but it is what it is. Thank you dm200 and Spirit Rider for your replies. I think I'll go with the Plan F high deductible for her and hope for the best. Thanks again.
by Abe
Mon Oct 16, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7063

Re: How does everyone keep track of your portfolio?

I have a lot of different accounts, and it's a very time consuming to update the changing number of shares and prices. I use a spread sheet and it crunches the numbers, but it still takes a lot of time to gather the information and enter it. For that reason, I don't update it very often. I would ver...
by Abe
Mon Oct 16, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 683

Re: Question about Medigap Insurance

My wife has had a medicare advantage plan since age 65. She is 77 now and Blue Cross Blue Shield will no longer offer her Advantage plan after December 31, 2017. Would or could she consider another Medicare Advantage Plan? I think we would rather just go with a medigap (supplemental) plan at this p...
by Abe
Mon Oct 16, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 683

Re: Question about Medigap Insurance

Okay. Thanks Spirit Rider for your feedback.
by Abe
Mon Oct 16, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Question about Medigap Insurance
Replies: 5
Views: 683

Question about Medigap Insurance

My wife has had a medicare advantage plan since age 65. She is 77 now and Blue Cross Blue Shield will no longer offer her Advantage plan after December 31, 2017. She will be replacing her Advantage plan with a Medigap policy and they cannot turn her down for certain limited plans if she buys it by M...
by Abe
Fri Oct 13, 2017 4:07 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6576

Re: Asking for discounts

Asking for a discount is one way to save money. There are a lot of other ways to save if you know how. I learned a lot from this book: Secrets of Power Negotiating by Roger Dawson $14.58 on Amazon. :beer I might get that, but I'm not paying $14.58 Why don't you ask for a discount? :happy
by Abe
Fri Oct 13, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 284
Views: 19402

Re: To take or not to take delivery of Tesla 3

I don't like the idea of buying anything if it requires getting on a waiting list. But hey, I'm just an old man. :happy
by Abe
Fri Oct 13, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2368

Re: Does Vanguard make sense without a computer ?

I don't know why anyone could not have a Vanguard account without a computer. I had mutual fund accounts before the internet.
by Abe
Fri Oct 13, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Will it be a mistake to buy VTSMX today?
Replies: 50
Views: 6824

Re: Will it be a mistake to buy VTSMX today?

When I look back over the years, it seems I always thought the market was too high to get in. If the market goes way down, I'm inclined to think I'll wait until things get better before I get in. I'm sure I'm not the only one who has experienced this. I finally figured out that I'll never think it's...
by Abe
Wed Oct 11, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6576

Re: Asking for discounts

Asking for a discount is one way to save money. There are a lot of other ways to save if you know how. I learned a lot from this book: Secrets of Power Negotiating by Roger Dawson $14.58 on Amazon. :beer
by Abe
Tue Oct 10, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 2710

Re: Cheapest thing you ever heard of to save money

When I was a kid, we had an old miser in town who was considered a millionaire. He would park his car under the fire hydrants when the fire department opened them to flush out the water lines. Free car wash. :beer
by Abe
Fri Oct 06, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: Time Value of Money (Young Investors)
Replies: 29
Views: 1993

Re: Time Value of Money (Young Investors)

I don't claim to have a solution, but if you can talk to people directly, encouragement can go a long way. I got my girlfriend to start investing by opening a Barclays Dream Account. It took 8 months of gentle prodding before she was comfortable moving any money into any kind of new account, even i...
by Abe
Fri Oct 06, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Time Value of Money (Young Investors)
Replies: 29
Views: 1993

Re: Time Value of Money (Young Investors)

The power of compounding is an amazing thing, assuming you have the time element. :beer

https://www.youtube.com/watch?v=sk2gJ3TCNSQ
by Abe
Fri Oct 06, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 4128

Re: How do you value your time?

I don't break down the value of my time per hour. It's either worth it to me or it's not.
by Abe
Wed Oct 04, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1284

Re: Some Hand-Holding

Where my anxiety is rising is how to ride out the next situation. I have an asset allocation of 70% equities and 30% bonds--all in mutual funds. This is down from an 80/20 allocation about a year ago. I did the reduction in anticipation of "the stock crisis of 2016." I am torn between wishing I had...
by Abe
Mon Oct 02, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Marketing be damned: I am a speculator!
Replies: 6
Views: 1264

Re: Marketing be damned: I am a speculator!

Investing, speculation, gambling are words that basically mean expending money with the expectation of achieving a profit. The difference is the degree of risk. The companies that make up the stock market, assuming they are successful, create value. The more value they create, the more investors are...
by Abe
Mon Oct 02, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4122

Re: I bought a car without thinking too much about value

Break the lease - probably quite expensive, but there were deals in the past where you could do that at no cost to you - check the contract. Try to outright buy the car and sell as used - significant value loss, probably less cost than breaking the lease. So at this point, I think you should probab...
by Abe
Thu Sep 28, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15240

Re: Why do you LBYM? Why do you save and invest?

My question to the member of the forum is this. What makes you different from others? What makes you believe that you could be LBYM, save and invest to make a difference in your life? I believe this will be a very interesting topic to discuss. Thanks in advance. KlangFool I remember early on thinki...
by Abe
Thu Sep 28, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15240

Re: Why do you LBYM? Why do you save and invest?

It takes twenty seconds to stop, bend over, pick up the penny, straighten up, and put it in your pocket. Whenever anyone asks the average age of the bogleheads user, I'm going to reference this post. :D I find it hard to believe it takes anyone 20s to pick up a penny. They can either do it in 10s o...
by Abe
Thu Sep 28, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15240

Re: Why do you LBYM? Why do you save and invest?

I like the 10 chicken nuggets for $1.49 at Burger King. But, speaking of saving money, I was at Walmart the other day and needed some deodorant. I had a choice of Mennen Speed Stick Regular: a 1.8 oz size for .98c or a 2 pack (3oz each) for a total of 6 oz that cost $3.76. Being a frugal person, I g...
by Abe
Mon Sep 25, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7003

Re: Tipping question....Applebees

It's easy to calculate 10% of any number in your head. For a 15% tip, just calculate 10% and add half back. For 20% just calculate 10% and double it. But, this thread demonstrates all the problems with tipping. If restaurant owners would pay their waiters a decent salary as most other businesses do,...
by Abe
Fri Sep 15, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 2436

Re: Personal Milestone-this is the only place to share

Congratulations nchunter. It's nice to have something working for you other than yourself.
by Abe
Thu Sep 14, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19203

Re: Is it really Worth it to brown bag your lunch at work?

It is said that H L Hunt, who at one time was considered the richest man in the world, carried his lunch to work in a brown paper bag. My wife and I used to go to Kentucky Fried Chicken and get 3 pieces of chicken for $2.49, but the last time I went, they had almost doubled the price. Outrageous. :w...
by Abe
Mon Sep 11, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Deposit Box Fee (Bank of America)
Replies: 35
Views: 12654

Re: Safe Deposit Box Fee (Bank of America)

Carson wrote:
Mon Nov 07, 2016 4:45 pm
We pay $18/year to have a small safe deposit box (papers folded in thirds) at a local 'mom & pop' bank. The deposit requirement is $100 min. If you have a local bank like this, I would reach out to them.
This is one reason why I like small local banks.
by Abe
Thu Sep 07, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2499

Re: Paying 4 years tuition for college to get discount?

I would have to get a lot more discount than the amount tuition may go up each year.
by Abe
Wed Sep 06, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5937

Re: Wife believes 7+% returns from stock market are guaranteed

The OP's wife may be right when she says to get a mortgage on the house and use the money to invest in the stock market. But, then again, she may be wrong. If the stock market goes into a 10 year slump, I would rather have a paid off house. So, there is something to be said about a paid off house. M...
by Abe
Sat Sep 02, 2017 10:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Stan died [Long time forum lurker]
Replies: 38
Views: 6547

Re: Stan died

Stan sounds like the kind of person I would like to know.
by Abe
Fri Sep 01, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 3813

Re: How to buy raw (unimproved) land?

- The county has a survey of the land on record from November 2011 and as far as I know there have not been any new easements or other things that would change it. I have never purchased raw land before... would something that "old" suffice? No. This is why you need the seller to furnish you with t...
by Abe
Fri Sep 01, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How to buy raw (unimproved) land?
Replies: 34
Views: 3813

Re: How to buy raw (unimproved) land?

I didn't see any mention of who the current owner is, but is there any chance of seller finance? How did you find the property? Is it currently on the market? If so, there may be a broker involved from the seller side that might give advice to expedite the sale I also didn't see mention of whether ...
by Abe
Thu Aug 31, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 162
Views: 44166

Re: Time to reach 1M and 2M milestones

cashmoney wrote:
Thu Aug 31, 2017 9:17 am
I was working on making my second million by the age of 30 after failing to make my first million.
Ha. I'm working on my second million too. I gave up on the first one. :wink:
by Abe
Thu Aug 31, 2017 2:10 pm
Forum: Personal Consumer Issues
Topic: Do we have a toilet problem? Or drain line?
Replies: 7
Views: 690

Re: Do we have a toilet problem? Or drain line?

Of course I can't diagnose your problem, but suggest that if you haven't already you should flush a few times with the tank top removed. I suspect the noise maybe coming from the fill valve and/or flapper. All of the internals can typically be replaced at minimum cost without replacing the toilet. ...
by Abe
Wed Aug 30, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: James Altucher's get-rich-quick pitch
Replies: 17
Views: 3904

Re: James Altucher's get-rich-quick pitch

Make $647 in less than 2 minutes with no risk. This "almost" sounds too good to be true. :happy
by Abe
Tue Aug 29, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Is Geico a bait and switcher?
Replies: 32
Views: 4546

Re: Is Geico a bait and switcher?

Several years ago I changed to GEICO because their rate was cheaper. Over time their rate gradually went up, and recently my rate went up to $805.00 for 6 months for my car and truck. When I asked for a better price, they said there was no way they could do it for any less. I checked around and rece...
by Abe
Sun Aug 27, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure vs Medigap when on "traditional" Medicare
Replies: 73
Views: 4938

Re: Self insure vs Medigap when on "traditional" Medicare

I have an acquaintance who does not have any assets and does not have any insurance. He has had a lot of medical bills in the last few years. He told me I should drop my insurance because the doctors and hospital will let him just pay a trivial amount each month on his medical bills. I told him that...
by Abe
Fri Aug 18, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: How useful is a home security system?
Replies: 82
Views: 7738

Re: How useful is a home security system?

My home has been burglarized several times. The last time it happened they had plenty of time. They went through every thing in my house including the attic. I think the even left and then came back and got more stuff. After that I put in a security system. That was over 10 years ago and I haven't ...