Search found 1772 matches

by mlebuf
Mon Feb 19, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I payoff my Mortgage?
Replies: 25
Views: 1456

Re: Should I payoff my Mortgage?

Hi Calculus ++, If I had a mortgage rate of 2.75 percent, I would not pay a dime more than the monthly payment. When the rate of inflation and possible mortgage tax deduction are figured in, that's almost like or better than interest-free money. Interest rates are trending up and your lender would L...
by mlebuf
Sun Feb 18, 2018 4:21 am
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - 2 day business trip
Replies: 23
Views: 1607

Re: Scottsdale, AZ - 2 day business trip

I moved to the Scottsdale area 22 years ago from New Orleans. I discovered it on business trips and decided that this was best place for me to spend the rest of my life. No regrets whatsoever. When friends are in town and have a limited amount of time, I take them to visit and walk around the ground...
by mlebuf
Mon Feb 05, 2018 2:37 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3153

Re: Nassim Taleb on Bitcoin

I just found an excellent and common sense column on Bitcoin. Those who don't learn the lessons of history are likely to repeat it.

https://assetbuilder.com/knowledge-cent ... ignore-you
by mlebuf
Mon Feb 05, 2018 2:22 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb on Bitcoin
Replies: 21
Views: 3153

Re: Nassim Taleb on Bitcoin

The late Peter Drucker had this advice for forecasters: Predict something that will happen in 100 or more years. That way you will be dead by the time people discover that you were wrong. "Forecasting is very difficult, especially when it involves the future." - Attributed to both Casey Stengel and ...
by mlebuf
Tue Jan 30, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: [Bogleheads' Guide to Investing - Is this calculation correct?]
Replies: 8
Views: 1172

Re: [Bogleheads' Guide to Investing - Is this calculation correct?]

Hi Poisjr,

Thank you for pointing out the error. The correction has been noted, the publisher notified and the corrected version will appear in all future printings.
by mlebuf
Fri Jan 12, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?
Replies: 48
Views: 6484

Re: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?

Lest we forget, Bill Bernstein addresses this very topic on his website. I have sent this page to numerous investors with actively managed funds:

http://www.efficientfrontier.com/ef/996/broker.htm
by mlebuf
Thu Jan 04, 2018 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Motivational stories
Replies: 5
Views: 832

Re: Motivational stories

Congratulations on that great comeback! Most people's peak earning years are from 45-55 so you have many good earning years ahead. The key to becoming financially independent lies in living beneath your level of income. The more you save and invest, the sooner you will become work optional. Good luck.
by mlebuf
Thu Dec 21, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include your house in your net worth if you own it outright?
Replies: 89
Views: 6572

Re: Do you include your house in your net worth if you own it outright?

We own our house outright and include in our net worth. To be conservative, I estimate the value at 80 percent of what Zillow says it is. The only other assets I add to our net worth are cash and liquid investments. Clothes, jewelry, cars, etc. are not included.
by mlebuf
Tue Dec 19, 2017 1:26 am
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 38
Views: 2739

Re: Office Chair Recommendations (Aeron?)

After getting 18+ years of use from my Aeron Chair, I learned that the Aeron has been redesigned and upgraded in 2016. I bought the new model and it arrived last Thursday. The new model with the remastered posturefit support makes for a much more comfortable chair and provides better back support. I...
by mlebuf
Fri Dec 15, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: LTC policy increase - keep, reduce coverage or ditch?
Replies: 18
Views: 1537

Re: LTC policy increase - keep, reduce coverage or ditch?

Hi Pretzel lover, Late 50's is an ideal time to buy/carry LTC coverage. You both are likely in good health and don't have any pre-existing conditions that may disqualify you in coming years. Pre-existing conditions might later disqualify you from being able to purchase LTC and you can be sure it wil...
by mlebuf
Wed Dec 13, 2017 1:54 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 267
Views: 18671

Re: Do people still use AAA?

We have been AAA subscribers for years and found it quite handy. We live in Arizona and the desert is very hard on car batteries. When a battery goes dead, we call AAA, they come out to wherever we are, with a new battery, install it, if needed and the problem is solved. They have many other service...
by mlebuf
Sun Dec 10, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 13100

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

1. Life is 20 percent doing smart things and 80 percent not doing dumb things. 2. The best lives, careers, families, retirements, etc. are planned. Good luck happens when opportunity meets preparation. 3. Whoever said that money is the root of all-evil was either a fool or a con artist. Lack of mone...
by mlebuf
Wed Dec 06, 2017 3:41 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 5060

Re: Larry Swedroe: Bitcoin & It’s Risks

Never invest in anything you don't understand or can't explain to a 12 year-old. Following this simple rule will save you from a world of hurt.
by mlebuf
Wed Nov 15, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Office Chair Recommendations (Aeron?)
Replies: 38
Views: 2739

Re: Office Chair Recommendations (Aeron?)

Another vote here for the Aeron chair. I suffered from lower back pain for years. Bought an aeron chair in 1999 and the back pain went away. It's getting up in age and may be time to get a new one. Tip: If you have lower back issues, get the model with the adjustable lumbar support. I tried the othe...
by mlebuf
Sun Oct 29, 2017 2:28 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 16741

Re: What was the main reason you retired?

Because I could. What's to not like about having control over 100 percent of your time? Works for me. :sharebeer
by mlebuf
Fri Oct 27, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 6054

Re: Index investing is boring

If you want excitement, take your money to Las Vegas. They will provide all the excitement you wish and you'll likely come back with less of it. Investing and emotions don't mix. Effective investing should be as exciting as watching paint dry. Dare to be dull. :D
by mlebuf
Thu Oct 19, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Visiting the Great Barrier Reef
Replies: 20
Views: 1510

Re: Visiting the Great Barrier Reef

About 25 years ago I had a speaking engagement in Sydney. On the way home, I flew to Cairns to see the Great Barrier Reef. The tour was underwhelming. We took a boat out to the reef and landed at a place covered largely with birds. Did not do any snorkeling but went on a glass bottom boat tour. Not ...
by mlebuf
Sat Oct 07, 2017 1:09 am
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 17187

Re: Bogle himself is saying we will expect like 3% for the next decades

I pay absolutely no attention to market forecasts from anyone because they are almost always wrong, no matter whom the forecaster is.
We need to understand that nobody knows the future and prepare for the good, the bad and everything inbetween.
by mlebuf
Fri Oct 06, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 12256

Re: Millionaire Next Door (Thank you Bogleheads)

Hi B. Wellington,

Congratulations on achieving your first million! :sharebeer At 56 you are young enough to get to $2 million and beyond. Just keep doing what you are doing, enjoy some of it and let the power of compounding work its magic.
by mlebuf
Thu Oct 05, 2017 2:40 am
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 49
Views: 4647

Re: Throwing Down with a Primerica Advisor

As fate would have it, I just read this article online titled, "Where Snakes in Suits Make Money."
https://assetbuilder.com/knowledge-cent ... make-money
by mlebuf
Wed Oct 04, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 49
Views: 4647

Re: Throwing Down with a Primerica Advisor

I just did a Google search for Primerica and found this: Primerica, Inc. is a United States-based multi-level marketing company that sells insurance and financial services. As of 2017, it reported 121,471 independent representatives. Wikipedia Customer service: 1 (800) 257-4725 Stock price: PRI (NYS...
by mlebuf
Thu Sep 28, 2017 2:28 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12990

Re: The Rolex and The Boglehead

In today's world an expensive watch has all the utility of a golden buggy whip. I know a speaker who wears two wrist watches on the same arm: A Timex and a Rolex. She points first to the Timex, then to the Rolex and says: "This one is for me to see, and this one is for you to see." :D
by mlebuf
Fri Sep 22, 2017 3:42 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 6572

Re: What is FI if you love your job? [Financial Independence]

In the year 2010, my wife and I were in two perfect situations. Wife was a teacher at a non-public school and I had been moved into management, after being a truck driver for almost 20 years. Both situations were perfect, especially the cultures. Leap forward 5 years, and both situations went toxic...
by mlebuf
Sun Sep 17, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7668

Re: Psychological effects of Early Retirement in peak earning years.

Hi Francis, As I understand it, you are 58, get very little job satisfaction and have more than enough money to retire. In my opinion, that makes the decision to retire seem like a no-brainer. We all get a finite number of ticks on the clock. Why spend the remaining ones doing something you no longe...
by mlebuf
Tue Sep 12, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Ted Seides "Why I lost My Bet With Warren Buffett" - Bloomberg
Replies: 94
Views: 13270

Re: "Warren Buffett wins $1M bet made with hedgie a decade ago"

...and more money keeps flowing into Vanguard (and other low-cost providers) with every new article such as this. Hedge fund investors believe their wealth gives them access to greater returns. Hedge fund managers know that they are just bigger sheep to be fleeced. As for the final outcome of the be...
by mlebuf
Fri Sep 08, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 6558

Re: Purchasing Home With Girlfriend; Good or Bad?

Not a good idea. Think this through. One possible scenario: You buy a home together but are not married. The relationship ends and you both own the property. You meet someone new and you want to marry her, but you are carrying unnecessary financial baggage from a previous relationship. I have a frie...
by mlebuf
Thu Aug 31, 2017 7:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 19693

Re: [Are the Bogleheads] getting less interesting?

How interesting is a poster who asks such an inane question? Interesting lies in the eye of the beholder.
by mlebuf
Thu Aug 31, 2017 7:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 19693

Re: [Are the Bogleheads] getting less interesting?

How interesting is a poster who asks such an inane question?
by mlebuf
Thu Aug 31, 2017 2:15 am
Forum: Personal Consumer Issues
Topic: How do you reverse a lifetime of frugality and learn to spend some money?
Replies: 59
Views: 7164

Re: How do you reverse a lifetime of frugality and learn to spend some money?

At age 56 you likely have a good 30 years or more of life in front of you. Like you, I retired early and life after retirement is a balancing act between not running out of money on one hand and not depriving ourselves of the things we most enjoy on the other. The principle that has worked well for ...
by mlebuf
Fri Aug 18, 2017 3:48 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5515

Re: Reverse Mortgage Considerations

mlebuf, so you only have the up front $125 fee? Are there any other fees? Is there a sweet spot in home value to "game" this scheme? It would seem that if this was done at 62 it could be possible that 15-20 years later the line of credit could be more than the value of the home. The $125 fee was th...
by mlebuf
Thu Aug 17, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5515

Re: Reverse Mortgage Considerations

Can the lender ever close your HECM LOC if you don't use it ? This is something that can happen to a HELOC (and has, during financial crises). If not, I would think this would be a nice advantage of HECM vs HELOC. The HECM line of credit remains open until the home is sold or the last of the owners...
by mlebuf
Thu Aug 17, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5515

Re: Reverse Mortgage Considerations

I'm curious, on your original line of credit ($370K) what was the estimated value of your home? Our home appraised for well over $1 million. However, the limit one can borrow on a HECM is a percentage of a maximum of $625,000 no matter what the value of the house is. There is a formula for determin...
by mlebuf
Thu Aug 17, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5515

Re: Reverse Mortgage Considerations

If you have a Flagship portfolio and no mortgage, why did/do you feel you need hundreds of thousands of dollars in credit, with your home as collateral? Could you not simply get a loan (or a bank line of credit) with your $1m+ in assets as collateral? I suppose it's similar to a HELOC, albeit with ...
by mlebuf
Wed Aug 16, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 58
Views: 5515

Re: Reverse Mortgage Considerations

First person experience: Last August with some counseling from Wade Pfau, I opted for a reverse mortgage with the plan to use the money as a line of credit. Our home is paid for and we have a Flagship portfolio. Our only debts are monthly credit card bills we pay off each month. We will probably nev...
by mlebuf
Sun Aug 13, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 11649

Re: Anyone moved to another state for lower cost of living?

I moved from New Orleans to the Phoenix/Scottsdale area over 20 years ago. Cost of living here is slightly higher but quality of life is 100 percent better. As for summers in in the Arizona desert: After experiencing the heat and humidity of the Gulf Coast, Phoenix summers are a walk in the park. I ...
by mlebuf
Sun Jul 30, 2017 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Master's or Master's PLUS MBA Dual Degree
Replies: 14
Views: 1384

Re: Master's or Master's PLUS MBA Dual Degree

There is an old but true saying: "There is no traffic jam on the extra mile." I know what it's like to be tired of school, as do many others on this forum. However, having a couple of graduate degrees made an enormous difference in my life and career. A lot more people know what an MBA is than what ...
by mlebuf
Sat Jul 22, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 5803

Re: Do you find financial advisors to be all that bright?

Titles that contain words such as financial, investment, consultant, representative, expert, planner, strategist etc. are almost always code words for "salesperson." There is almost always a conflict of interest between them selling you what is best for you vs. selling you what makes the most money ...
by mlebuf
Thu Jul 20, 2017 3:28 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 14238

Re: Books not to read.

Spending time finishing unnecessary, useless books is an enormous waste our most precious resource: Time. You don't have to eat an entire apple to know that it's rotten. I found "The Millionaire Next Door" to be a very useful book capable of helping many people. It exploded the commonly portrayed my...
by mlebuf
Fri Jul 14, 2017 2:03 am
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 3440

Re: Moving a car cross country

Over 20 years ago I moved from New Orleans to Arizona. I paid the moving company that was moving the furniture, etc. to drive my car onto the van and transport it with the rest of the stuff. You may want to check that out.
by mlebuf
Fri Jun 02, 2017 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 6227

Re: Is Flagship membership status worth a $50 one time fee?

I've been a Flagship member since 1998. Would I pay for it? No.
by mlebuf
Wed May 31, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 9920

Re: Teachers: what are your best personal finance tips?

In the '70's I was a professor teaching Management at U. of New Orleans. I saw my salary being eroded by stagflation and realized that I had to do something. I wrote a book that led to writing more books, speaking, etc. The result is that I took an early retirement age 47, twelve years after I start...
by mlebuf
Mon May 22, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 11032

Re: Net worth is overrated

House Blend wrote: +1. I have no use for net worth.
If anyone has no use for their net worth, I'll be happy to receive it. :sharebeer
by mlebuf
Sun May 21, 2017 1:23 am
Forum: Personal Consumer Issues
Topic: Bad experience with 'rescuing' a lost dog
Replies: 38
Views: 4223

Re: Bad experience with 'rescuing' a lost dog

If all contact with the "owner" and the "police" was over the telephone, how can your friend be sure he was talking to either? Seems likely a scam to me. Think about it: How would the owner be able to prove the dog is his if it did not have a collar or microchip? Lots of dogs look alike. If the "own...
by mlebuf
Sat May 20, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Chandler, AZ
Replies: 35
Views: 3558

Re: Chandler, AZ

Hi Retired CPA, I relocated from metro New Orleans to the metro Phoenix area 21 years ago. I traded heat, humidity and hurricanes for more heat, much less humidity and no hurricanes. It was a very good deal for me. I tell people who don't live here that we have two seasons: spring and hell. In my op...
by mlebuf
Sat May 13, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 8314

How Old Habits Can Sabotage Retirement

That is the topic of an excellent article written by Meir Statman, a Finance professor at Santa Clara University. The beginning paragraphs read: Imagine spending a lifetime acquiring habits that offer the promise of a longer, happier and more fulfilling life. Then imagine that to have that fulfillin...
by mlebuf
Wed May 10, 2017 8:28 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 7170

Re: What newspaper or magazine do you pay for?

"The Wall Street Journal" online and nothing else.

"If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed."
- Mark Twain :sharebeer
by mlebuf
Tue May 09, 2017 2:01 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 5081

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

From the dedication of our Bogleheads' Guide to Investing: "To John C. Bogle, founder of The Vanguard Group A man whom we knew from afar for many years but have since come to know and cherish as a friend. While some mutual fund founders chose to make billions, he chose to make a difference." And ma...
by mlebuf
Wed Apr 26, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: How to find a good local mechanic?
Replies: 19
Views: 1331

Re: How to find a good local mechanic?

We found a good local mechanic that was recommended to us by a friend.
by mlebuf
Sun Apr 23, 2017 9:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: The next generation of Boglehead authors
Replies: 41
Views: 4835

Re: The next generation of Boglehead authors

IMO, Morgan Housel is the brighest young financial writer out there.

http://www.morganhousel.com

Previous Columns: http://www.fool.com/author/1611/index.aspx
by mlebuf
Sun Apr 16, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Is Growing Faster Than Everybody Else Combined]
Replies: 34
Views: 3000

CNBC: Vanguard Is Growing Faster Than Everybody Else Combined

From the article: By any measure, these are staggering figures. Vanguard's assets under management have skyrocketed to $4.2 trillion from $1 trillion seven years ago, according to the company. About $3 trillion of this is invested in passive index-based strategies, with the rest in funds that rely o...