Search found 3055 matches

by Chip
Sun Sep 27, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 368
Views: 37543

Re: It's Not Different This Time

Many here claim that their adherence to 'buy and hold no matter what' is absolute, but if you read some of the threads from 2008, you'll find many were questioning that strategy and talking about 'plan B'. And that's just the people who were forthcoming about their concerns or actions. No doubt man...
by Chip
Thu Sep 24, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Business Structure for revenue generating hobbies
Replies: 19
Views: 1320

Re: Business Structure for revenue generating hobbies

You can determine gross income from any not-for-profit activity by subtracting the cost of goods sold from your gross receipts . However, if you determine gross income by subtracting cost of goods sold from gross receipts, you must do so consistently, and in a manner that follows generally accepted...
by Chip
Wed Sep 23, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Why IMMU; Immunomedics, Inc.' prices is not almost $88?
Replies: 4
Views: 515

Re: Why IMMU; Immunomedics, Inc.' prices is not almost $88?

The market believes that there is a nonzero chance that the deal won't go through.
by Chip
Tue Sep 22, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22439

Re: What is your favorite reasonably priced bourbon?

Your link didn’t work, so “bourbon laws” remain a mystery. Sorry about the bad link. I've fixed it to the Angel's Envy site I intended to use, but Hayduke's Wikipedia reference is more thorough. As Hayduke said, there's no requirement for limestone water, though I have a friend who is making bourbo...
by Chip
Tue Sep 22, 2020 4:26 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22439

Re: What is your favorite reasonably priced bourbon?

As a native Kentuckian... I can only point out that bourbon comes from Kentucky. The others that do not may be fine, but they are not bourbons... (Particularly... there is no such thing as a Texas bourbon!) I'm relatively certain that most Kentuckians feel that way, but the bourbon laws only geogra...
by Chip
Sun Sep 20, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Retirement re-planning for 50+
Replies: 30
Views: 3343

Re: Retirement re-planning for 50+

Welcome! In addition to reading the wiki articles you can also ask your question in the preferred format . Just putting together the information necessary to fill out that format is eye-opening to many. The more thorough you can be the better the responses you'll receive. You can edit your initial p...
by Chip
Sat Sep 19, 2020 7:31 am
Forum: Personal Consumer Issues
Topic: HVAC Service Contracts & Annual Service
Replies: 56
Views: 3208

Re: HVAC Service Contracts & Annual Service

As you can probably tell, those that have annual service think it's very necessary, while those that don't, don't. My gas furnace/AC combo is 32 years old and has only had routine maintenance done by me since I bought the house. In 23 years I've owned it I think I've only cleaned the outside coils t...
by Chip
Sun Sep 13, 2020 10:03 am
Forum: Personal Consumer Issues
Topic: What's this bug?
Replies: 34
Views: 2553

Re: What's this bug?

atikovi wrote: Sun Sep 13, 2020 9:43 am Well that's just great, "if they're seriously perturbed, they can inflict a painful bite," If I don't already have to watch out for bees, wasps, yellow jackets and hornets in the yard, now this.
I suggest not perturbing them. :)
by Chip
Sun Sep 13, 2020 9:38 am
Forum: Personal Consumer Issues
Topic: Strategy for replacing faucet/toilet water shutoff valves?
Replies: 38
Views: 3015

Re: Strategy for replacing faucet/toilet water shutoff valves?

Fixing the existing multi-turn valves is an option, but I would still be left with an inferior type valve that I don't have much confidence in to prevent future leaks or fail when I simply turn the valve off or on. How many of you would consider a multi-turn valve "faulty and bad" if you were to tu...
by Chip
Sat Sep 12, 2020 3:05 pm
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3903

Re: Is it Possible to Opt-out of Fidelity Premium Services?

There are some benefits in the Private Client Group. I'm not sure if you mean PCG, or premium services is a different category. I have the opposite problem. I use to have a Rep assigned. But no longer. I have plenty of assets to qualify, but it may be they have given up on me from a sales POV. Sinc...
by Chip
Wed Sep 09, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: Repair plasma television or get new TV?
Replies: 71
Views: 4436

Re: Repair plasma television or get new TV?

Yes, I don't consider anything other than OLED a reasonable replacement for plasma. The black levels, contrast, "natural" color gamut, and smooth motion are second to none. OLED is superior on some but not all of these factors. I have found a local repairperson with experience in my exact model of ...
by Chip
Wed Sep 09, 2020 6:06 am
Forum: Personal Consumer Issues
Topic: Repair plasma television or get new TV?
Replies: 71
Views: 4436

Re: Repair plasma television or get new TV?

Has anyone gone to the trouble of repairing an existing TV in similar circumstances? Or should I just let this go? I know part of my reluctance is emotional, but repairs also seem to make some economical sense in this case. I have. My TV is a PN50A550, which I think I bought in 2008. The symptoms o...
by Chip
Sat Sep 05, 2020 10:07 am
Forum: Non-US Investing
Topic: Leveraged strategies for ex-USA investors using options on Interactive Brokers
Replies: 72
Views: 1834

Re: Need advice between leveraged Permanent Portfolio,Golden Butterfly and Obsidian

I would suggest Golden Butterfly. That will allow you to flit amongst all the other wildly leveraged strategies.
by Chip
Sat Sep 05, 2020 8:42 am
Forum: Personal Investments
Topic: Rebalancing Question
Replies: 23
Views: 1367

Re: Rebalancing Question

Since I do what you are proposing I not only think it's reasonable, I think it's brilliant. :D

At 60/40 I only rebalanced once on the downside in March, though I came within a whisker of a second rebalance. I still haven't rebalanced on the upside, though I'm close.
by Chip
Fri Sep 04, 2020 12:51 pm
Forum: Personal Consumer Issues
Topic: How to effectively complain to UPS?
Replies: 20
Views: 1739

Re: How to effectively complain to UPS?

Follow the UPS truck around while taking a video. A few months ago we were notified of an incoming UPS wine shipment that required a signature so made sure to stay home all day. At about 4 pm my wife got an email saying "we couldn't deliver your package since you weren't home". The doorbell didn't ...
by Chip
Thu Sep 03, 2020 6:52 am
Forum: Personal Consumer Issues
Topic: Spouse: How to get REAL ID driver's license without social security card and recent job?
Replies: 77
Views: 4794

Re: Spouse: How to get REAL ID driver's license without social security card and recent job?

I went in yesterday to renew my license, opting for RealID.

It was easy and simple. I had my passport, current driver's license and a 1099 showing full social security number and address. That was enough in my state.
by Chip
Thu Sep 03, 2020 6:16 am
Forum: Personal Consumer Issues
Topic: Does dishwasher need to be replaced?
Replies: 16
Views: 1165

Re: Does dishwasher need to be replaced?

It happened to me a few months ago with a Kenmore (Whirlpool) dishwasher. Same symptoms. I replaced a circuit board and a thermal fuse for about $100 DIY. It was an easy fix. There were obvious scorch marks/burned places on those two items.

As mentioned, if it's really smoke it will smell.
by Chip
Thu Sep 03, 2020 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Considering whether to maintain term life insurance when financial need has lessened
Replies: 36
Views: 2026

Re: Considering whether to maintain term life insurance when financial need has lessened

What he did previously is overpay for life insurance. Now he gets to underpay because that is how insurance companies keep premiums level while the risk of death increases. I (putting myself in OPs place) am not being influenced by the fact that I previously paid for something and lost the money. T...
by Chip
Wed Sep 02, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Currently receiving spousal SS benefit from restricted application. Can I apply online for my own benefit at age 70?
Replies: 8
Views: 604

Re: Currently receiving spousal SS benefit from restricted application. Can I apply online for my own benefit at age 70?

Did you, per usual, suspend your benefit when you applied for spousal benefits? SS will automatically start your personal benefit at age 70. https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409130 I'm not an expert, but I don't believe that filing a restricted application for spousal benefits is the ...
by Chip
Wed Sep 02, 2020 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Considering whether to maintain term life insurance when financial need has lessened
Replies: 36
Views: 2026

Re: Considering whether to maintain term life insurance when financial need has lessened

If you didn't have insurance and you could buy that same policy right now for the same price, would you? You may be experiencing the endowment effect . The point is, he can't buy such an attractively priced policy now. Level premiums require that the policy has a low expected payoff initially. At t...
by Chip
Tue Sep 01, 2020 8:36 am
Forum: Investing - Theory, News & General
Topic: March 9th, 2020 - no bid for bonds / no offer for bonds
Replies: 19
Views: 1837

Re: March 9th, 2020 - no bid for bonds / no offer for bonds

The trade works like this: when Treasury futures are more expensive than the underlying cash security, traders buy the “cheap” security and short the “rich” futures to pocket the difference. A short is a bet that the price will fall. On its own, however, this is not very profitable because discrepa...
by Chip
Tue Sep 01, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Considering whether to maintain term life insurance when financial need has lessened
Replies: 36
Views: 2026

Re: Considering whether to maintain term life insurance when financial need has lessened

frugalecon wrote: Tue Sep 01, 2020 8:32 am These sorts of decisions could also bring up the sunk cost fallacy!
Excellent point. :beer
by Chip
Tue Sep 01, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Considering whether to maintain term life insurance when financial need has lessened
Replies: 36
Views: 2026

Re: Considering whether to maintain term life insurance when financial need has lessened

If you didn't have insurance and you could buy that same policy right now for the same price, would you?

You may be experiencing the endowment effect.
by Chip
Tue Sep 01, 2020 7:05 am
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 278
Views: 24264

Re: Oddly Difficult to Find Items During the Pandemic

Red wine vinegar has vanished from the stores around me...that's an odd one. What are y'all doing with all that vinegar?? I mentioned the same thing earlier in the thread. It turns out that the supply problem in my area was only at Kroger stores. Wal-Mart had plenty of the Pompeii brand that I pref...
by Chip
Tue Sep 01, 2020 7:03 am
Forum: Personal Consumer Issues
Topic: Dishwasher overflow/suds on floor
Replies: 22
Views: 1332

Re: Dishwasher overflow/suds on floor

Outer Marker wrote: Tue Sep 01, 2020 6:50 am "Pre-Washing" with regular detergent, but not fully rinsing it off can cause this problem.
+1. My sister had overflow issues when she put a dish scrubber that had a reservoir of regular detergent into the dishwasher.
by Chip
Tue Sep 01, 2020 6:20 am
Forum: Personal Consumer Issues
Topic: Sensitive briar in st Augustine grass
Replies: 12
Views: 742

Re: Sensitive briar in st Augustine grass

I have had good luck getting advice from the local extension agent. Take a picture of the weed and send it to them. My lawn was overrun by nimblewill and I couldn't even identify it. I was able to get control of it this summer thanks to the identification & control advice from the extension agent.
by Chip
Tue Sep 01, 2020 5:51 am
Forum: Personal Consumer Issues
Topic: Dishwasher overflow/suds on floor
Replies: 22
Views: 1332

Re: Dishwasher overflow/suds on floor

I had a dishwasher overflow that was caused by the float switch hanging up. That switch sits in the bottom of the tub and prevents overfilling. In my case it had some soap scum on it that prevented easy movement. A quick manual cleaning solved that problem.
by Chip
Tue Sep 01, 2020 4:52 am
Forum: Personal Investments
Topic: Help with messy portfolio
Replies: 8
Views: 738

Re: Help with messy portfolio

Adding to VT's comments: His suggestion of the three fund portfolio should be your initial goal, then adjusted for your particular circumstances. If you're no longer contributing to the SEP-IRAs I believe that they could be combined with your and your spouse's other traditional IRAs (including the r...
by Chip
Sat Aug 29, 2020 2:31 pm
Forum: Personal Consumer Issues
Topic: What purchases are you planning now for the Fall/Winter to get ahead of demand?
Replies: 57
Views: 6839

Re: What purchases are you planning now for the Fall/Winter to get ahead of demand?

Spouse convinced me to buy patio heaters so that we can continue our "socially distanced deck entertaining" into the fall and perhaps even on warmer winter days. I will pick up two cheapo units plus four propane tanks from Lowe's tomorrow. I wanted natgas versions but would have had to replumb the n...
by Chip
Sat Aug 29, 2020 2:11 pm
Forum: Personal Investments
Topic: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund
Replies: 30
Views: 2332

Re: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund

Do you think Fidelity will add an ETF share class to FSKAX in 2023 or will they start a new fund with two share classes? That’s what I’d like to know. I have absolutely no idea if they will even do it, much less how. Speculating wildly, the fact that they merged a few different funds into FSKAX a f...
by Chip
Sat Aug 29, 2020 8:29 am
Forum: Personal Consumer Issues
Topic: water softener for whole house?
Replies: 81
Views: 9693

Re: water softener for whole house?

Chip, I've never been able to find a straight answer on this, or explanation. But I've always read that you should have enough salt to cover the water, no more - no less. The "why" has always puzzled me. Water can only absorb a certain amount of salt, so if the salt is just below the water level or...
by Chip
Sat Aug 29, 2020 8:12 am
Forum: Personal Investments
Topic: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund
Replies: 30
Views: 2332

Re: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund

Okay, so then short term capital gains distributions (if any) are treated as unqualified dividends. The capital gains distribution even though all treated as long term still generate enough of a tax drag at the 22% tax bracket to more than nullify the cost savings on ER between the Fidelity mutual ...
by Chip
Sat Aug 29, 2020 5:36 am
Forum: Personal Consumer Issues
Topic: water softener for whole house?
Replies: 81
Views: 9693

Re: water softener for whole house?

I got the Fleck water softener system today. The cost of the system including shipping was $746. Though it took me three trips to the big box hardware stores to get the adapters and pipe, I finished installing it myself this afternoon, reportedly saving myself at least $800 in labor. It looks like ...
by Chip
Sat Aug 29, 2020 5:28 am
Forum: Personal Investments
Topic: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund
Replies: 30
Views: 2332

Re: Fidelity Taxable Question: Vanguard ETF VS Fidelity Index Fund

Is that how Fidelity does it? For Vanguard funds that have capital gains distributions, there are separate distributions for long and short, and additional distributions for dividends. I would think it would be odd to have short term capital gains distributions rolled into dividends, since for Tota...
by Chip
Sat Aug 29, 2020 5:03 am
Forum: Personal Finance (Not Investing)
Topic: Maintenance and Repair of HVAC, Water Heaters, etc
Replies: 28
Views: 2454

Re: Maintenance and Repair of HVAC, Water Heaters, etc

Vinegar is definitely the easier of the two to rinse out of the drain line. Bleach should not be used for drain lines that are made of PVC or ABS plastic. ... Using vinegar for preventative maintenance throughout the year will keep not only keep your drain clean and clear, but it also will not dama...
by Chip
Sun Aug 23, 2020 3:11 pm
Forum: Personal Consumer Issues
Topic: DVR for OTA TV
Replies: 71
Views: 4535

Re: DVR for OTA TV

So, do you have a favorite replacement fan for the 35x35x10mm Tivo (Roamio OTA in my case)? Have you searched over at tivocommunity.com? That's where I got the step-by-step info on how to set up a large external drive for my Bolt+. Just looking at one thread there it looks like people were using bo...
by Chip
Sun Aug 23, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Thoughts on sewage lift station in new home?
Replies: 37
Views: 2749

Re: Thoughts on sewage lift station in new home?

Wife and I are looking into building our first home. It appears that since we are below the sewage line we will have to install a “lift station”. I’ve heard horror stories and am looking for personal experiences and/or suggestions. My current house has a sewage pump. I've lived in the house for 23 ...
by Chip
Wed Aug 19, 2020 1:01 pm
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 729

Re: Portfolio Feedback Requested

I would try to simplify even more to a few total market index funds. Owning the haystack is the best approach at the lowest cost. Total market fund do just that. Would you pay a cost in capital gains taxes to do what you recommend? How much benefit do you estimate the OP would get from such simplif...
by Chip
Wed Aug 19, 2020 1:00 pm
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 729

Re: Portfolio Feedback Requested

Thanks - I might need to explore this. Based our 2017 return (the last year we filed an 8606) my wife and I each have about $80K in non-deductible contributions in our Traditional IRAs. If there is a not to scary way to move that money to a Roth - I would be willing to may the taxes - if for no oth...
by Chip
Wed Aug 19, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Form 1116
Replies: 8
Views: 507

Re: Form 1116

The form does cap the credit, but it is unlikely that a mutual fund investor will hit the cap, so you will usually be able to deduct the full amount. I've seen you say this many times but I think it's important to note the glaring exception: I don't believe it's true for for those who have retired ...
by Chip
Wed Aug 19, 2020 5:08 am
Forum: Personal Investments
Topic: Portfolio Feedback Requested
Replies: 14
Views: 729

Re: Portfolio Feedback Requested

I am a long time lurker on the forum. I feel like I know what I am doing with respect to my investment portfolio (read The Bogleheads' Guide to Investing and several similar books years ago) . But, in these turbulent times, I thought it would just be prudent to have a few (or a few dozen) folks loo...
by Chip
Tue Aug 18, 2020 6:21 am
Forum: Personal Consumer Issues
Topic: Of what use is an obsolete iPad?
Replies: 42
Views: 3252

Re: Of what use is an obsolete iPad?

We also have an iPad 3 cellular. I use it in a few of the ways mentioned. It's my preferred Kindle device and that's the only use it gets at home. When traveling I also use it for some email and some browsing. For many years I had music and photos on it, enduring the incredibly painful process of tr...
by Chip
Sat Aug 15, 2020 4:17 am
Forum: Personal Investments
Topic: Ok, So what S&P 500 ETF do I buy in my Fidelity Taxable Account?
Replies: 15
Views: 1326

Re: Ok, So what S&P 500 ETF do I buy in my Fidelity Taxable Account?

Am I the only one who finds that 11% number a bit...shocking? When I read that, I thought it could not be correct, but that is what the Fido site says. Why on earth would a total stock index fund have that much turnover? My guess is that it's somewhat an artifact of the date of the annual report: 2...
by Chip
Sun Aug 09, 2020 5:34 am
Forum: Personal Investments
Topic: Taxation of long and short term capital gains in a high-tax state
Replies: 34
Views: 1788

Re: Taxation of long and short term capital gains in a high-tax state

ThisJustIn wrote: Sun Aug 09, 2020 2:41 am The question is, do I also pay 12.3% state tax on LTCG as well?

Yes.
by Chip
Sun Aug 09, 2020 5:25 am
Forum: Personal Consumer Issues
Topic: Another Toilet Question
Replies: 26
Views: 2465

Re: Another Toilet Question

I'll echo that it could be a leak between tank and bowl. On the toilets in my house those are held together with bolts. There are rubber washers under the bolt heads inside the tank. These went bad due to age and a small leak began. Easy to fix. I should add that this was fairly easy to troubleshoo...
by Chip
Sun Aug 09, 2020 5:19 am
Forum: Personal Consumer Issues
Topic: water softener for whole house?
Replies: 81
Views: 9693

Re: water softener for whole house?

but it seems like the salt-free systems that use some kind of crystalline method of softening the water would both eliminate the need to add sodium (or potassium) and need less maintenance over time. I'd rather not mess with bags of salt anyway. I believe that most of the salt-free magnetic systems...
by Chip
Fri Aug 07, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: You cant time the market...but, can you use the data to support your timing?
Replies: 31
Views: 2404

Re: You cant time the market...but, can you use the data to support your timing?

I suggest you figure out 7 reasons why the market might be fairly valued. If you can't come up with 7 you're not trying hard enough. Here are two to start you off: The major players in the market know everything you mentioned, but still have priced stocks where they are. Vaccine trials appear promis...
by Chip
Wed Aug 05, 2020 10:46 am
Forum: Personal Consumer Issues
Topic: Another Toilet Question
Replies: 26
Views: 2465

Re: Another Toilet Question

I'll echo that it could be a leak between tank and bowl. On the toilets in my house those are held together with bolts. There are rubber washers under the bolt heads inside the tank. These went bad due to age and a small leak began. Easy to fix.