Search found 125 matches

by OpenMinded1
Sat Apr 04, 2020 10:37 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 81
Views: 3660

Re: Has Covid-19 changed you?

I'll tell you, as a 35 y/o millennial: High school was 9/11. First professional job search after college was during the great recession. Now with a young family, a global pandemic. My generation has definitely seen a lot of bad stuff at this point. I also live out in the middle of nowhere, upstate ...
by OpenMinded1
Tue Mar 31, 2020 9:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2555783

Re: U.S. stocks in free fall

MotoTrojan wrote:
Tue Mar 31, 2020 9:17 pm
CULater wrote:
Tue Mar 31, 2020 9:15 pm
So, the DOW just booked the worst quarter in its 124-year history. There's that.
Source? Pretty sure it was the worst 1st quarter, but only the worst quarter since 1987.
It was the worst 1st quarter in it's 124-year history, and it's worst quarter since 1987.
by OpenMinded1
Mon Mar 23, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?
Replies: 112
Views: 8715

Re: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?

watchnerd wrote:
Sun Mar 22, 2020 12:19 am
Mactheriverrat wrote:
Sat Mar 21, 2020 10:01 pm
Just another thread where no one knows the answer other than we can't tell of the future at this point in time.

Yeah.

They're getting pretty repetitious and boring at this point.
Agreed.
by OpenMinded1
Mon Mar 23, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: old (dry) pasta
Replies: 29
Views: 2005

Re: old (dry) pasta

I would cook it and see how it tastes. I don't think pasta could harbor any bacterial growth, so the only potential spoilage would seem to be rancidity. That's unlikely if well packaged and kept in the fridge, and you would taste it. There might also be some issue with starch aging (I doubt it) but...
by OpenMinded1
Sat Mar 21, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: I won the game but kept playing
Replies: 133
Views: 11266

Re: I won the game but kept playing

First off prayers and best wishes to all those physically or financially traumatized by our current crisis. Bill Bernstein’s words keep me up at night. I am beating myself up as I had a portfolio of 3m, now almost 2 M. I won the game, but kept playing due to what I can only say was greed in hindsig...
by OpenMinded1
Fri Mar 20, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3719
Views: 267639

Re: Coronavirus and the market

COVID-19 is of course the elephant in the room in terms of what the market is doing, but my impression is that the market downturn was made significantly worse by the oil war going on between Russia and Saudi Arabia. Noticed that during the few years leading up to this, the market seemed to react n...
by OpenMinded1
Thu Mar 19, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3719
Views: 267639

Re: Coronavirus and the market

COVID-19 is of course the elephant in the room in terms of what the market is doing, but my impression is that the market downturn was made significantly worse by the oil war going on between Russia and Saudi Arabia. Noticed that during the few years leading up to this, the market seemed to react ne...
by OpenMinded1
Thu Mar 19, 2020 7:14 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 24855

Re: Why are people selling? Disappointed in people here...

Turns out the stock market is presently a lot riskier then when we calculated our AA last time and now we are simply recalculating it and staying the course. It's not riskier presently though. A basic rule of thumb when setting AA around here is "imagine your situation if the stock market declined ...
by OpenMinded1
Mon Mar 16, 2020 10:00 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 8720

Re: What is your AA, given your age ? and this crisis ?

My wife and I currently have a retirement portfolio with an asset allocation (AA) of about 58/42. She's 57 and I'm 61. Primarily, I use the average AA of three highly-rated 2025 and three highly-rated 2030 target date funds as a starting point for AA. I use 2025 and 2030 funds based on the estimate ...
by OpenMinded1
Sun Mar 15, 2020 7:23 am
Forum: Personal Consumer Issues
Topic: Water detection system
Replies: 15
Views: 906

Re: Water detection system

My brother and I are managing my Mom's house (condo) long distance (she's 94). A pipe burst while she was gone for a few days, causing what appears to be major water damage. The HOA and a repair company both suggested Flo by Moen, which is a "Smart Home Water Detection system" via an app. Cost is q...
by OpenMinded1
Sat Mar 14, 2020 9:49 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 183121

Re: What happens if the Fed cuts to zero, but the Coronavirus situation drastically IMPROVES starting next week?

As soon as they start testing in larger numbers confirmed cases are going to surge. Even though that won’t really change the medical situation, people are going to freak out when they see tens of thousands of confirmed cases in the USA. Economic situation will not be drastically improving anytime s...
by OpenMinded1
Sat Mar 14, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 173
Views: 12557

Re: Ally 1% bonus, up to $250

Recently took advantage of an offer from Fifth Third Bank. $250 for opening a checking account, and maintaining a $500 balance for about 6 months. They also had a $500 bonus for a balance of $15000. Not a "high" interest rate though. (It's a checking account.) Might not be available anymore though,...
by OpenMinded1
Sat Mar 14, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3719
Views: 267639

Re: Coronavirus and the market

Noticed a couple things in the press conference done by the administration this afternoon that might effect the market. 1) President Trump said he had no plans to fire the Fed Chairman although he said he could. Also said he could make somebody else Fed Chairman, and move Powell to another position ...
by OpenMinded1
Sat Mar 14, 2020 12:39 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3719
Views: 267639

Re: What happens if the Fed cuts to zero, but the Coronavirus situation drastically IMPROVES starting next week?

But shouldn't this be good news because that might mean the mortality rate is much lower than currently estimated? The mortality rate is calculated against recovered cases which can take up to 8 weeks in even asymptomatic cases. If we’re just starting to test heavily now it’s going to be a little b...
by OpenMinded1
Sat Mar 14, 2020 11:25 am
Forum: Personal Consumer Issues
Topic: Buying a boat
Replies: 38
Views: 2176

Re: Buying a boat

atikovi wrote:
Sat Mar 14, 2020 7:51 am
Bust
Out
Another
Thousand
Boat - a hole in the water that you throw money into.
by OpenMinded1
Sat Mar 14, 2020 8:14 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3719
Views: 267639

Re: What happens if the Fed cuts to zero, but the Coronavirus situation drastically IMPROVES starting next week?

As soon as they start testing in larger numbers confirmed cases are going to surge. Even though that won’t really change the medical situation, people are going to freak out when they see tens of thousands of confirmed cases in the USA. Economic situation will not be drastically improving anytime s...
by OpenMinded1
Sat Mar 14, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: Apparatus for laundry in a small NYC apartment ?
Replies: 18
Views: 927

Re: Apparatus for laundry in a small NYC apartment ?

drk wrote:
Fri Mar 13, 2020 10:35 pm
If you have a kitchen sink, you should be able to do laundry in that. Buy a drying rack for hanging things up afterward.
Maybe a small wash board would help with this task. Although would probably be too rough on certain items.
by OpenMinded1
Sat Mar 14, 2020 7:12 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12134

Re: Are you still going to the gym ...

Yes, I also go to work, shop at the store, and pick my kids of from daycare. I'm not letting the media and the current frenzy regarding this virus control my life. I prepare for things to go bad (like many of you), I save money, keep my body in good shape, and always have three months of food and w...
by OpenMinded1
Fri Mar 13, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 173
Views: 12557

Re: Ally 1% bonus, up to $250

Recently took advantage of an offer from Fifth Third Bank. $250 for opening a checking account, and maintaining a $500 balance for about 6 months. They also had a $500 bonus for a balance of $15000. Not a "high" interest rate though. (It's a checking account.) Might not be available anymore though, ...
by OpenMinded1
Fri Mar 13, 2020 6:26 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12134

Re: Are you still going to the gym ...

Yes, I also go to work, shop at the store, and pick my kids of from daycare. I'm not letting the media and the current frenzy regarding this virus control my life. I prepare for things to go bad (like many of you), I save money, keep my body in good shape, and always have three months of food and w...
by OpenMinded1
Thu Mar 12, 2020 8:16 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12134

Re: Are you still going to the gym ...

I had a membership at a fitness center for quite a few years. Seemed like I got colds, the flu, bronchitis etc. much more frequently when I was doing that. I work out at home and in the local parks now. I own some exercise equipment, but it really doesn't take a big investment to get a good workout....
by OpenMinded1
Thu Mar 12, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: Is it Possible the Market Closes Permanently
Replies: 43
Views: 4227

Re: Is it Possible the Market Closes Permanently

Things would have to get a thousand time worse than they are currently. In 2018/2019 40 million had the flu and at least 80 thousand died in the US. So, far 40 people have died from the coronavirus in the US. I think you're thinking of the 2017/2018 flu season in the US, and the best estimate was a...
by OpenMinded1
Thu Mar 12, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Take On This Global Bear Market
Replies: 59
Views: 6074

Re: Vanguard's Take On This Global Bear Market

I'm no economist, and I certainly don't want to be an alarmist, but I do wonder how much of an understatement this is: The likely significant near-term economic impact of the coronavirus outbreak hasn’t played out yet. From where I sit as a layman, the sheer number of industries being profoundly im...
by OpenMinded1
Thu Mar 12, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: Is it Possible the Market Closes Permanently
Replies: 43
Views: 4227

Re: Is it Possible the Market Closes Permanently

Things would have to get a thousand time worse than they are currently. In 2018/2019 40 million had the flu and at least 80 thousand died in the US. So, far 40 people have died from the coronavirus in the US. I think you're thinking of the 2017/2018 flu season in the US, and the best estimate was a...
by OpenMinded1
Thu Mar 12, 2020 7:30 am
Forum: Investing - Theory, News & General
Topic: Death of Brick and Mortar, Malls etc.
Replies: 12
Views: 938

Death of Brick and Mortar, Malls etc.

Wasn't sure what forum category to put this in. Could be considered a consumer issue, but also might effect investing. Anyway, I wonder if the corona virus will serve as the final death blow for large malls and some of the big anchor stores often found in malls like JC Penny and Macy's. (Sears is al...
by OpenMinded1
Wed Mar 11, 2020 12:52 pm
Forum: Investing - Theory, News & General
Topic: Is this the end of risk parity?
Replies: 31
Views: 2296

Re: Is this the end of risk parity?

However, today the 30 year Treasury is at 0.881 and the 10-year is at 0.499. And people are still buying them, when they could get close to 2% insured in an online bank account???? To quote Cypress Hill, "Insane in the membrane"!!! I somewhat agree with your point, but want to point out that rates ...
by OpenMinded1
Tue Mar 10, 2020 9:03 pm
Forum: Investing - Theory, News & General
Topic: Are we going to have a full blown recession?
Replies: 28
Views: 4379

Re: Are we going to have a full blown recession?

HomerJ wrote:
Mon Mar 09, 2020 11:52 am
Sheepdog wrote:
Mon Mar 09, 2020 11:47 am
I am not qualified to guess as I am too young and inexperienced.
Heh, I see what you did there. :)
Yeah, it took me a second, but now I get it. Clever! :D
by OpenMinded1
Mon Mar 09, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3412

Re: How often do you re-balance during these times?

OpenMinded1 wrote: If you have target date funds they rebalance very frequently, so you don't have to bother. That is arguably one of the downsides of target funds in a major crash which is a consideration for holding instead a 3 or 4 fund (international bonds). I hear you. I'm primarily in target ...
by OpenMinded1
Mon Mar 09, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Federal govt position - negotiating leave
Replies: 22
Views: 1816

Re: Federal govt position - negotiating leave

I retired a few years ago, and really haven't paid much attention to Fed hiring practices lately, but don't term positions often turn into permanent positions? Aren't a lot of fed positions term positions to make it easier to get rid of someone versus someone in a permanent position? Also, don't peo...
by OpenMinded1
Mon Mar 09, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2555783

Re: U.S. stocks in free fall

PSA: today is a good day to look at your portfolio for TLH opportunities. I've been investing a long time, and it took me a few minutes to realize TLH stands for Tax Loss Harvesting. What ever happened to the rule about abbreviations, acronyms etc. The rule used to be spell the whole thing out the ...
by OpenMinded1
Mon Mar 09, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18105
Views: 2555783

Re: U.S. stocks in free fall

Delete
by OpenMinded1
Mon Mar 09, 2020 11:52 am
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3412

Re: How often do you re-balance during these times?

I update my numbers every day after market close. If I'm 5% off, I rebalance the next day (waiting until the last minute so I have a better idea of that day's closing prices). That's the theory. Haven't really had to do it yet (I rebalanced early after the first few days, but that was mostly becaus...
by OpenMinded1
Mon Mar 09, 2020 5:57 am
Forum: Investing - Theory, News & General
Topic: Morningstar Premium revisited
Replies: 16
Views: 972

Re: Morningstar Premium revisited

I ended up subscribing for a 1-month period only. Will research some things, then let it run out. No way will I subscribe at $199 or $169 per year, nor $149 for each of 3 years. Oh well, the free x-ray they provide works well enough for my purposes. meh.. There is free Portfolio Manager, but there'...
by OpenMinded1
Sun Mar 08, 2020 4:43 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 183121

Re: Coronavirus and the market

the question is whether or not the bad news is factored in. We might see 1000s of cases once testing starts. When does it start widely, and will that affect the market. Testing is probably only going to show good news. People who require hospitalization and people who have died are already counted....
by OpenMinded1
Sun Mar 08, 2020 4:26 pm
Forum: Investing - Theory, News & General
Topic: Morningstar Premium revisited
Replies: 16
Views: 972

Re: Morningstar Premium revisited

Morningstar has become awful. After 15 years of membership, I called to cancel and they offered me a reduced rate. If not for the reduced rate I would have cancelled. The website is godawful. Yes. It really has gone down hill. Seems like they are steadily reducing what's available for free, and mig...
by OpenMinded1
Sun Mar 08, 2020 7:07 am
Forum: Personal Investments
Topic: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]
Replies: 94
Views: 12020

Re: Super Lazy portfolio, just VSMGX?

What’s wrong with VTMFX, I use it heavily. It is wrong for me because it would be a balanced fund in a taxable account. I know how to tax-loss harvest and I am in a low enough tax bracket in a no-income-tax state, so that I don't pay taxes on long-term capital gains nor on qualified dividends. I do...
by OpenMinded1
Sat Mar 07, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Re: Staying Proficient on Windows PCs

I hate Windows. I've personally used nothing but Macs at home since February, 1984 (yeah, I was slow to adopt it). I've used Windows a lot at work, both to get work done, and also because I've developed software for Windows. It is my personal opinion that if you want to know Windows, you need to us...
by OpenMinded1
Sat Mar 07, 2020 2:00 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Re: Staying Proficient on Windows PCs

You may want to take a look at Office 365, which is Microsoft's subscription-based service to their productivity tools. https://www.microsoft.com/en-us/p/office-365-personal/cfq7ttc0k5bf?activetab=pivot%3aoverviewtab This would allow for you to have the rights to download the latest desktop applica...
by OpenMinded1
Sat Mar 07, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Re: Staying Proficient on Windows PCs

I mainly have in mind getting a cheap Windows-based device for this purpose. Any suggestions? Maybe this.... https://www.amazon.com/HP-8300-Elite-Computer-Quad-Core/dp/B01CV9G1BO/ref=sr_1_4?keywords=windows+10+home+64+bit+computer&qid=1583583211&sr=8-4 Thanks. Yes, I don't want to get a lot of mone...
by OpenMinded1
Sat Mar 07, 2020 6:12 am
Forum: Personal Consumer Issues
Topic: Equifax again
Replies: 9
Views: 1195

Re: Equifax again

Get three credit reports including Equifax for a buck at the following link. https://www.equifax.com/equifax-complete/Credit-Scores/?CID=3&%2Bcredit.report_G_b&adID=333578421818&DS3_KIDS=p39450327959&campaignid=71700000041552251&gclsrc=aw.ds&&gclid=EAIaIQobChMI6Y_DnJ6I6AIViR-tBh0dsQLkEAAYAiAAEgJvP_D...
by OpenMinded1
Sat Mar 07, 2020 5:24 am
Forum: Investing - Theory, News & General
Topic: Could this selloff be nearly over?
Replies: 68
Views: 5168

Re: Could this selloff be nearly over?

manatee2005 wrote:
Fri Mar 06, 2020 8:46 pm
I would say no. My friend who always sells at the bottom hasn't sold yet. He will capitulate after another 10% drop.
Wish I had a friend like that. All you need to do is buy when he/she sells. :D
by OpenMinded1
Fri Mar 06, 2020 8:11 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Re: Staying Proficient on Windows PCs

Thanks for the suggestions. I'm leaning toward getting a separate Windows laptop if I can find one that's relatively cheap. Seems simpler, plus my wife and I have been sharing the MacBook, and probably should have two laptops anyway. She said she wouldn't mind taking over the Mac, and I can use the ...
by OpenMinded1
Fri Mar 06, 2020 7:05 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Re: Staying Proficient on Windows PCs

You can also buy the Mac versions of Excel, Word, and PowerPoint and install them on your Mac. Thanks for the input. I had the Mac versions of Excel, Word, and PowerPoint on a previous Mac, and noticed they didn't seem to have nearly all the features of the ones I was using at work on windows PCs, ...
by OpenMinded1
Fri Mar 06, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: Staying Proficient on Windows PCs
Replies: 33
Views: 2123

Staying Proficient on Windows PCs

I'm retired at the moment, but considering looking for part-time work. All thru my main career I used Windows based PCs and Microsoft Office quite a bit. However, I've been semi-retired for a few years now and only have a Macbook Pro at home. Feel like I should stay proficient with Windows and Micro...
by OpenMinded1
Fri Mar 06, 2020 1:30 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 183121

Re: Bogleheads community discussion - Coronavirus

Media induced mass hysteria. In the US, the Flu has sickened 19 million people and killed 10000 this flu season. This new bug has killed how many in the US, 14? The R-naught (transmissibility) of SARS-CoV-2 is nearly as high as influenza viruses but it's killing at about 10x higher. We are early in...
by OpenMinded1
Fri Mar 06, 2020 1:04 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 183121

Re: Bogleheads community discussion - Coronavirus

I wonder how population density will effect the number of cases in the US. The US doesn't have any cities that are even in the top 50 of the most densely populated world wide. Also, overall it is much less densely populated compared to China and South Korea. It's just a little above average.
by OpenMinded1
Fri Mar 06, 2020 5:53 am
Forum: Personal Consumer Issues
Topic: Bathroom remodel -10K- Is it expensive?
Replies: 44
Views: 5270

Re: Bathroom remodel -10K- Is it expensive?

Thanks everyone for your time and comments. Here is an update. We reached out to 15+ contractors recommended by local facebook groups/friends. Most didn't want to do it, as it was a small job in their opinion. One reputed contractor quoted for 4500. Two others (individuals, not big contractors) quo...
by OpenMinded1
Fri Mar 06, 2020 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Surprise Increase in Home Insurance
Replies: 15
Views: 1524

Re: Surprise Increase in Home Insurance

I appreciate the input. I agree they count on people being unlikely to switch companies. I guess sometimes it's because of laziness, but also think they know a lot of people are extremely busy with other things and probably won't even notice an increase. Anyway, you're probably right, $100 over the...
by OpenMinded1
Thu Mar 05, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise Increase in Home Insurance
Replies: 15
Views: 1524

Re: Surprise Increase in Home Insurance

About a month ago, I was reviewing my Progressive home insurance policy, and realized I forgot to let them know I have a monitored home security system, and also found out I was paying a surcharge for an older roof even though I had gotten the roof replace somewhat recently. (I hadn't told them abo...
by OpenMinded1
Thu Mar 05, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise Increase in Home Insurance
Replies: 15
Views: 1524

Re: Surprise Increase in Home Insurance

The obvious thing to do is shop around. I think insurance companies count on people being lazy and unlikely to switch companies. And yeah, I've read frequently that credit scores can affect insurance rates. Just google "home insurance rates credit scores" and you'll see plenty of examples. The exam...