Search found 1762 matches

by mlebuf
Wed Dec 13, 2017 1:54 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 176
Views: 9886

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: 101
Views: 8482

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: 4813

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: 37
Views: 2216

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: 15437

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: 5670

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: 1440

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: 16374

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: 11685

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: 4276

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: 4276

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: 11989

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: 5971

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: 7369

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: 12690

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: 6126

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: 18379

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: 18379

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: 6769

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: 5166

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: 5166

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: 5166

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: 5166

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: 5166

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: 11261

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: 1285

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: 5494

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: 13532

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: 3255

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: 5992

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: 9317

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: 10664

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: 4055

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: 3401

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: 8208

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: 6672

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: 4814

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: 1266

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: 4665

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: 2894

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...
by mlebuf
Fri Apr 14, 2017 1:12 am
Forum: Personal Consumer Issues
Topic: which tv and size to buy
Replies: 41
Views: 4282

Re: which tv and size to buy

We have 4 TVs ranging in size from 32 to 90 inches. Two are Samsung, one is a Sony and the other is a Sharp. I don't see a dime's worth of difference between them when it comes to picture quality. They all look great. Generally, bigger is better unless you are sitting so close to the TV that you can...
by mlebuf
Thu Mar 30, 2017 3:28 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 13960

Re: When do you plan to die?

Sometime well before my assets are spent. There's no point in being the richest person in the cemetery, but I don't want to run out of money before my time is up. Now, what time is it? :D
by mlebuf
Sat Mar 25, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 157
Views: 23165

Re: In-N-Out Burger - Best Chain Fast Food Burger Joint?

Which brand of burger one prefers is simply a matter of personal taste. In-N-Out-Burgers taste great to me and Wendy's burgers taste terrible. But those are just my personal tastes. We have an In-N-Out-Burger about a 10 minute drive from here. Every time I visit, there is a sizeable line at both the...
by mlebuf
Fri Feb 24, 2017 11:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 21ST HEARTDAY, JACK BOGLE
Replies: 24
Views: 2184

Re: HAPPY 21ST HEARTDAY, JACK BOGLE

Hi Jack, Here's wishing you a belated happy heart day from Elke and me. While the story of the new heart adding years to your life is miraculous, what I find more astounding is that you accomplished all that you did between ages 31 and 66 with a bad heart and lived to tell about it. You are amazing!
by mlebuf
Thu Feb 16, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's the secret to happiness?
Replies: 39
Views: 3432

Re: What's the secret to happiness?

The way I see it, happiness is a byproduct of 4 ingredients: 1. Good health 2. Enough money to have control over your time and live the lifestyle you want 3. Meaningful, purposeful activities, be it work, hobbies, volunteering or whatever 4. Enjoyable relationships with friends, family, etc. The hig...
by mlebuf
Wed Feb 15, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 3091

Re: Early Retirement

If you don't enjoy your current work, take the money and run. You probably have decades ahead to enjoy the harvest sown by you and your wife. You can't buy time and none of us know how much we have left. My only caveat would be that you have good health care coverage in place until both of you reach...
by mlebuf
Mon Jan 30, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - Let the Buyer Beware
Replies: 26
Views: 6500

Suze Orman - Let the Buyer Beware

Most Bogleheads know better but for those who don't, you may want to pass this link onto to them:
https://www.youtube.com/watch?v=wZJh25-sO98
by mlebuf
Sun Jan 29, 2017 2:49 am
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 7131

Re: where to retire?

Hi sil2017, My tastes and preferences for a place to live/retire was similar to yours. I moved from the New Orleans area to Scottsdale, AZ 21 years ago and love it. But that does not mean that you will. If you want to be around a large body of water, it's not for you. If extreme heat in the summer b...
by mlebuf
Fri Jan 27, 2017 4:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11216

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Hi Taylor, Wishing you a belated very happy birthday. To paraphrase Jack Bogle, I want to be like you when I grow up. Your leadership on this forum has been and continues to be immeasurable. You and Mel were a pleasure to work with on "The Bogleheads' Guide to Investing." You are a great f...
by mlebuf
Wed Jan 18, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 7076

Re: What monetary value has your education provided you?

Not adjusting for inflation, my lifetime earnings are somewhere between 30 and 40 times the cost of my college and grad school education. That's a pretty good return considering that I've been mostly retired for well over 20 years and living mostly off of accumulated wealth and pensions. Those of us...