Search found 520 matches

by Sconie
Sun Oct 08, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: How Often Should I Have Chimney Cleaned (New England)?
Replies: 17
Views: 1651

Re: How Often Should I Have Chimney Cleaned (New England)?

If you're only burning 15x a year, I'd get it cleaned about once every couple of decades. Most creosote gets built up in a flue from a stove, especially one dampered-down and burning softwood. With an open fireplace, I just don't see where you have all that much to be concerned about.
by Sconie
Thu Oct 05, 2017 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Retiree looking for advice
Replies: 6
Views: 1097

Re: Retiree looking for advice

50/50 is fine----whatever is comfortable for you. If you retained Vanguard asset management too handle the money for you, they'd put it to "work" all at once.
by Sconie
Wed Oct 04, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5539

Re: Does anyone hold cash?

I'm 68 and retired 5 years-----80% equity and 20% cash. I think of cash as equivalent to a very, very short term bond----however, in comparison to a bond, cash has much greater optionality.
by Sconie
Wed Oct 04, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Simple Notebook/laptop
Replies: 58
Views: 3027

Re: Simple Notebook/laptop

Chromebook!
by Sconie
Sat Sep 09, 2017 4:43 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 3874

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

I remember getting involved in a very similar type deal back in the early 1980s, only the property was in San Antonio and the guaranteed return was 15%. I rec'd the 15% for about 4 or 5 years, then the managing partner stopped paying, citing cash flow issues. Eventually, the property/deal went bankr...
by Sconie
Wed Aug 30, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Best lubricant for exterior door locks
Replies: 27
Views: 2708

Re: Best lubricant for exterior door locks

I have had excellent results with DuPont-Teflon-Non-Stick-Dry-Film-Lubricant, which is available from Amazon, etc.

It was recommended by the big commercial door/pad lock company, Best Locks, as being superior to powdered graphite, etc.
by Sconie
Tue Aug 22, 2017 5:45 am
Forum: Investing - Theory, News & General
Topic: Unrated municipal bonds
Replies: 25
Views: 2523

Re: Unrated municipal bonds

I've made some good money over the years purchasing small municipal issues. A few thoughts, in no particular order.... -Little communities pay their bills just like large ones do----(sometimes better)-----but frequently their issuances is so small that it doesn't pay for them to get the issue rated ...
by Sconie
Thu Jul 06, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Better hurry if you want a gas-engine Volvo
Replies: 96
Views: 5578

Re: Better hurry if you want a gas-engine Volvo

Everything will be electric or hybrid in a couple of years? IMHO, probably not. Electric vehicles are more expensive, they are heavier, they do not work well in cold weather, not to mention the fact that there is not the infrastructure in place to support their "refueling." I suspect that gasoline-p...
by Sconie
Sun May 07, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Buying vacation home
Replies: 29
Views: 3932

Re: Buying vacation home

In my experience, most people who rent out their vacation home regret doing so. In that regard, you might want to check with people---especially people in the immediate geographic area where you are considering buying----regarding their experiences.
by Sconie
Thu May 04, 2017 8:59 am
Forum: Personal Consumer Issues
Topic: Would you exchange a 2001 4Runner for a 2007 Santa Fe?
Replies: 33
Views: 2180

Re: Would you exchange a 2001 4Runner for a 2007 Santa Fe?

Keep the 4runner! I bought mine new in 1997 and gave it to a friend in 2016. 19 years and 216,000 miles. Loved that vehicle. Needed 3rd row seating, so bought a new 4runner. Plan to keep this one for 2 decades as well. Keep the 4runner! I bought mine new in 1997 and gave it to a friend in 2016. 19 ...
by Sconie
Mon May 01, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: Would you exchange a 2001 4Runner for a 2007 Santa Fe?
Replies: 33
Views: 2180

Re: Would you exchange a 2001 4Runner for a 2007 Santa Fe?

We've now had seven (presently own #s 6 & & 7, a 2011 and a 2015) 4Runners, including---a number of years back---a third generation 2002. That said, we did get rid of the 2002----we had bought it new and sold it when it hit 330K miles----figuring it was about time for an upgrade. :beer
by Sconie
Sun Apr 30, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Administration Professionals Day
Replies: 17
Views: 1853

Re: Administration Professionals Day

Lest I be a cynic, it's just another "made-up day" compliments of the 'restaurant----greeting card----florist----gift cabal.' If you have an administrative assistant, I'd be interested to see how they would react to this comment. I'm retired now, but I did have one----and I also paid her ...
by Sconie
Sat Apr 29, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2405

Re: 5 year cd - to open or not

5yr CDs are fine, but why not ladder it, investing over the next year or so?
by Sconie
Mon Apr 24, 2017 11:36 am
Forum: Personal Consumer Issues
Topic: Administration Professionals Day
Replies: 17
Views: 1853

Re: Administration Professionals Day

Lest I be a cynic, it's just another "made-up day" compliments of the 'restaurant----greeting card----florist----gift cabal.'
by Sconie
Fri Apr 21, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 8402

Re: Removing a tree - expensive!!!

It is not required to actually remove the stump, so we won't do that. Stump removal would be an ADDITIONAL $650. Well, just from the cost of stump removal, I'd say that the guy quoting you is high priced. $650 to remove a trunk?! I'd say that the average cost for stump removal is about $2.50-$3.00 ...
by Sconie
Thu Apr 20, 2017 6:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 41907

Re: Larry Swedroe says "Goodby."

Good wishes----and thank you-----Squire Swedroe!
by Sconie
Wed Apr 19, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Allocation
Replies: 8
Views: 1407

Re: Retirement Allocation

I use the four fund portfolio----similar to the Vanguard three fund, however, with the addition of Int'l bonds:

https://www.bogleheads.org/wiki/Vanguar ... _portfolio
by Sconie
Sun Apr 16, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: Ben Carlson Drawdown Chart
Replies: 18
Views: 4321

Re: Ben Carlson Drawdown Chart

JP Morgan has a similar chart they update every year that I also like Yes, this is a much better representation. It appears that this chart is regularly updated. Mind sharing the Web page where you found it? It's not a webpage, unfortunately. Every year they publish the "J.P. Morgan Guide to M...
by Sconie
Sat Apr 08, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 12636

Re: High Income earners, whats your Tax Strategy?

My tax strategy basically boils down to "suck it up buttercup, and be grateful that you have a high salary and a relatively low tax burden as compared to almost all other rich countries". You also picked one of the top 5 most expensive states in terms of taxes in the US (NY, NJ, CT, CA, W...
by Sconie
Sun Apr 02, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 157
Views: 22754

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

Here in Tucson we have In-N'-Out, Whataburger, 5 Guys and Freddy's. I'd say the tastiest burger comes from Freddy's. YMMV....
by Sconie
Thu Mar 30, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?
Replies: 35
Views: 4984

Re: Long Term Care Insurance (LTCI): Too Expensive or Worth the Cost?

This article may be of help:

http://www.caniretireyet.com/long-term- ... les-pitch/

Also, see the "Related Posts" articles at the bottom of the page.
by Sconie
Wed Mar 29, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: BEHR Premium Deckover
Replies: 12
Views: 2141

Re: BEHR Premium Deckover

Doesn't surprise me-----Behr's 100% acrylic products are superb on vertical surfaces like siding, but don't hold-up on horizontal surfaces. FWIW, the best product I've found for decks is PPG's Ultra Advanced semi-transparent stain and sealant.
by Sconie
Tue Mar 21, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 8244

Re: A SUV for towing a Travel Trailer

+1 for the 4Runner. They're built like a tank-----and the resale value on them is incredible:

http://www.autoguide.com/auto-news/2017 ... -2017.html
by Sconie
Thu Mar 16, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: Astrid Menks Buffett's Asset Allocation
Replies: 7
Views: 1163

Re: Astrid Menks Buffett's Asset Allocation

Well, a few years back Buffett gave each of his 3 children $600 million in BH stock----and that is, of course, exclusive of all the money that has been placed into the Buffett Family foundation. Not that she in any way will ever be deprived, however, I would suspect that Astrid will likely come into...
by Sconie
Tue Mar 14, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 14858

Re: GEICO auto rates vs. USAA: too good to be true?

I had used USAA for insurance for decades but finally got to the point of pulling away from them. Simply, USAA is not the same company that they used to be.

Presently with Geico for auto & umbrella and Ameriprise via Costco for homeowners insurance. So far, so good.
by Sconie
Mon Mar 13, 2017 8:15 pm
Forum: Investing - Theory, News & General
Topic: What makes an individual an Expert?
Replies: 62
Views: 4488

Re: What makes an individual an Expert?

epictetus wrote:a definition i heard once and liked:

someone from out of town with a degree


And another variation:

"Having a brief case and being 30 miles out of town."
by Sconie
Sun Feb 26, 2017 8:22 pm
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 9335

Re: Used German Luxury vs New Japanese

The reliability of a Japanese vehicle (i.e., Toyota or Honda----not necessarily Nissan) is far superior to that of either a Benz or a BMW. Add 50K miles onto the German car and to me---in spades----it indicates, buy Japanese.
by Sconie
Sat Feb 18, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: New cars or Pool?
Replies: 65
Views: 5410

Re: New cars or Pool?

Down here in Arizona, most real estate agents indicate that having a pool actually decreases the value of one's property, at least as compared to the value of the identical property without a pool.
by Sconie
Sat Feb 18, 2017 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Leaving Vanguard Personal Advisory program
Replies: 26
Views: 4056

Re: Thinking of Leaving Vanguard Personal Advisory program

I used Vanguard's personal advisory services for several years and then decided to withdraw from it, returning to doing things myself. I withdrew because I didn't feel as though----no matter how low the percentage fee---that I was getting good value for the funds expended.
by Sconie
Tue Feb 07, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much life and disability insurance do I need?
Replies: 10
Views: 1295

Re: How much life and disability insurance do I need?

I'd say that you might be short on the disability end of things, with $6k being only about a fourth of your current monthly earnings. And then there are those who would say that disability insurancenis even more important than life insurance----after all, for your life insurance to pay-out, well----...
by Sconie
Mon Jan 30, 2017 9:08 am
Forum: Investing - Theory, News & General
Topic: Local Companies as an Asset Class?
Replies: 19
Views: 1560

Re: Local Companies as an Asset Class?

I don't know that I'd want to invest very much of the equity portion of my financial assets locally. That said, back in the 80s and 90s, I did have pretty good success buying the new issue municipal bonds of small localities invested in the upper midwest (where I lived at the time). Generally, these...
by Sconie
Fri Jan 06, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on a Bogle quote
Replies: 29
Views: 3019

Re: Thoughts on a Bogle quote

Crushtheturtle wrote:"Don't look for the needle in the haystack. Just buy the haystack!"

No, wait! What are you doing? I just meant the American part of the haystack!"

:wink:


Good one!
by Sconie
Mon Jan 02, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma: bonds, cash or 100% stocks for now in present climate?
Replies: 55
Views: 5816

Re: Dilemma: bonds, cash or 100% stocks for now in present climate?

nyinvestor718 wrote:
livesoft wrote:Before I answer your question, please tell me:

Is it better to lose money in stocks or is it better to lose money in bonds?


Bondholders get paid first in bankruptcy proceedings.


Tell that to bondholders who had $27 billion invested in the debentures of General Motors Corporation.........
by Sconie
Sun Jan 01, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Market Timing - have any REAL patterns ever been identified?
Replies: 39
Views: 3681

Re: Market Timing - have any REAL patterns ever been identified?

The classic on patterns---not necessarily timing----is probably Stock Market Logic by Norm Fosback. Should be available on Amazon, etc.
by Sconie
Sun Jan 01, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 21902

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

rapporteur wrote:Dear jcraz13,

You asked:
For those of you advocating a higher percentage in stocks in retirement, what say you?



Impressive!
by Sconie
Thu Dec 01, 2016 7:11 am
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 5520

Re: The new normal: 2%, 3%?

The old figure used to be 4%. I don't think you can count on 4% (safely) these days. What figure are you using to calculate expected, reliable income from investments? If you don't feel comfortable, knock it down to 3.5%-----or even 3.0%, but 2.0% is WAY, WAY too cautious IMHO. Now if you're trying...
by Sconie
Thu Dec 01, 2016 7:08 am
Forum: Investing - Help with Personal Investments
Topic: The new normal: 2%, 3%?
Replies: 72
Views: 5520

Re: The new normal: 2%, 3%?

edan wrote:I have never posted a reply on this forum, only questions, so I am by far not an expert.
But I've been using this tool:
https://www.portfoliovisualizer.com/monte-carlo-simulation



Nice tool! Thank you edan! :beer
by Sconie
Sat Nov 26, 2016 8:25 am
Forum: Investing - Theory, News & General
Topic: What was your Asset Allocation before and after retirement?
Replies: 91
Views: 11196

Re: What was your Asset Aloocation before and after retirement?

About 65% equity and 35% fixed, both before and after retirement. The equity portion is about 1/3rd International and the balance domestic. Most of the fixed is in a GIC, with a good-sized chunk of cash as part of my "fixed" allocation, as well.
by Sconie
Mon Nov 07, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Keep company truck or get allowance?
Replies: 10
Views: 1258

Re: Keep company truck or get allowance?

Keep the Company truck!
by Sconie
Sun Nov 06, 2016 12:23 pm
Forum: Personal Consumer Issues
Topic: Grave marker for pet dog
Replies: 10
Views: 1611

Re: Grave marker for pet dog

Condolences on your loss. Losing a "family member" can be absolutely heart wrenching.
by Sconie
Sun Nov 06, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Can Bank Change CD Terms Mid-Stream?
Replies: 40
Views: 3929

Re: Can Bank Change CD Terms Mid-Stream?

I'd be prone to think not, however, I'd also be prone call them on Monday and ask. Otherwise, I suspect you're going to have to dig into the fine-points of your CD terms and conditions.
by Sconie
Sat Nov 05, 2016 9:17 am
Forum: Personal Consumer Issues
Topic: MacBook Air/ Chromebook
Replies: 37
Views: 4233

Re: MacBook Air/ Chromebook

Chromebooks really are the Chevy (maybe now-a-days, the Toyota or Honda) of the laptop world----they get the job done very reliably for an incredibly inexpensive price. One generally does need to be connected to the net for them to fully functional however. I'd suggest that you get one and give it a...
by Sconie
Sun Oct 30, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Printer/Copier recommendation for home use
Replies: 18
Views: 1857

Re: Printer/Copier recommendation for home use

I've had the best luck with Brother machines-----inexpensive to buy, inexpensive cartridges, simple to operate----and when it no longer works, throw it out and buy another.
by Sconie
Mon Oct 17, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: WSJ - The Dying Business of Picking Stocks
Replies: 38
Views: 6727

Re: WSJ - The Dying Business of Picking Stocks

TOJ wrote:I am fully indexed. It does concern me that it seems everyone is running the same direction now. That's usually the sign of a bubble.


+1
by Sconie
Mon Oct 17, 2016 5:40 pm
Forum: Personal Consumer Issues
Topic: Is Older Tupperware Safe
Replies: 48
Views: 11263

Re: Is Older Tupperware Safe

Am I understanding correctly that old Pyrex may have harmful amounts of lead in it, and new Pyrex does not but may shatter due to heat? No, that is not correct, there is no lead in Pyrex. Older Pyrex----back when it was made by Corning Glass---was a borosilicate glass which handled heat/thermal sho...
by Sconie
Wed Oct 05, 2016 11:46 am
Forum: Investing - Theory, News & General
Topic: Slowest recovery since WWII, I like it
Replies: 9
Views: 1645

Re: Slowest recovery since WWII, I like it

Today, there is a CNN report m saying that this is the slowest U.S. recovery since WWII, but it is also the longest economic expansion. Two figures show the growth: average (4%), Clinton (3.5%), Bush (2.7%), Obama (2.0%); the length (years): average (5), Clinton (10), Bush (6), Obama (7+). Maybe fa...
by Sconie
Fri Sep 30, 2016 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: How much cash should I have in my portfolio?
Replies: 27
Views: 4099

Re: How much cash should I have in my portfolio?

Well, my AA includes keeping 5-10% in "cash"-----which equates out to between $150-300K----and right now I'm about in the middle of my range. I tend to look at cash as just the equivalent of a very, very short term bond; while I don't necessarily get a wonderful financial return on that m...