Search found 6447 matches

by Leesbro63
Mon Jun 01, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: Dr. Ed Yardeni is my June podcast guest on "Bogleheads on Investing"
Replies: 10
Views: 1226

Re: Dr. Ed Yardeni is my June podcast guest on "Bogleheads on Investing"

I found the podcast interesting. A lot to think about and he's very intelligent. I do, however, keep thinking about his wildly faulty Y2K prediction which reminds me of Jack Bogle's adage: "Nobody knows nuthin'".
by Leesbro63
Mon Jun 01, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 591
Views: 151450

Re: Bank of America/Merrill Edge - Preferred Rewards

rascott wrote:
Mon Jun 01, 2020 11:56 am
If you want the Premium Rewards card.. I'd suggest you get it sooner than later. Not sure how much longer it will be offered :sharebeer
Why do you think that?
by Leesbro63
Mon Jun 01, 2020 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Put checking accounts in living revocable trusts?
Replies: 47
Views: 8092

Re: Put checking accounts in living revocable trusts?

I was the successor trustee for the inlaws. They had the checking account listed under the trust so I don't know how it would have been handled if it wasn't. At any rate, the m/l passed first and later the f/l was incapacitated by alzhiemers. I just had to furnish death certificate for m/l and two ...
by Leesbro63
Sat May 30, 2020 7:58 am
Forum: Investing - Theory, News & General
Topic: Big Winners Dominating Index Funds. So?
Replies: 4
Views: 548

Big Winners Dominating Index Funds. So?

Interesting article here. My question is "so what"? If the big winners dominate index funds, isn't that good? Or, is it likely to end in tears as the article suggests? https://fortune.com/2020/05/30/coronavirus-investing-advice-stock-market-index-funds-covid-19/ "Starting last year, their weight in ...
by Leesbro63
Fri May 29, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 18230

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

AlohaJoe wrote: Imagine this: the year is 2020 and an previously unknown virus means your daughter is laid off and she joins the 20 million other people on unemployment. She suddenly can't make her mortgage payments and she's worried that she and your grand-daughter will lose their house. But you h...
by Leesbro63
Fri May 29, 2020 7:37 am
Forum: Personal Consumer Issues
Topic: Dymo (Astro) Label Maker 1/4 Tape
Replies: 3
Views: 289

Re: Dymo (Astro) Label Maker 1/4 Tape

Tubes wrote:
Fri May 29, 2020 7:29 am
The woodgrain labels were so cool. Made for desks. Man, you just tweaked a serious memory for me!
Nostalgia! That’s why I want to do this!
by Leesbro63
Thu May 28, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Trust - Best way to do this
Replies: 9
Views: 804

Re: Inheriting Trust - Best way to do this

Offhand $180K doesn't sound like enough to justify the costs and hassles of being in a trust. I wonder if there's a clause that lets the trustee end the trust if he/she deems it too small to justify the trust costs/hassles.
by Leesbro63
Thu May 28, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: Dymo (Astro) Label Maker 1/4 Tape
Replies: 3
Views: 289

Dymo (Astro) Label Maker 1/4 Tape

This post is more or less a blast from the past. 55 years ago, I convinced my father to buy me the "gee-whiz" product of the time...an Astro label maker. That made labels in different colors, including woodgrain! The original product was made by a company called "Astro"; I think they got bought out ...
by Leesbro63
Tue May 26, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 135
Views: 28504

Re: Best cash-back credit card right now?

+1 to the BoA strategy. https://frugalprofessor.com/best-credit-card-rewards-strategy-2019-edition/ https://frugalprofessor.com/boa-raise-cash-back-big-savings/ ~8.25% cash back at Walmart (second link) 5.25% cash back (+ 2% executive) at Costco if you purchase gift cards online 5.25% cash back on ...
by Leesbro63
Mon May 25, 2020 6:45 am
Forum: Investing - Theory, News & General
Topic: Jeremiah B. says to buy gold and silver
Replies: 29
Views: 1560

Re: Jeremiah B. says to buy gold and silver

Never understood a single word he said...
by Leesbro63
Sat May 23, 2020 11:35 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11489

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

Sell puts to get back in the market. You can make a few thousand weekly if you have a good chunk of cash ( at least 6 digits) lying around, until you get assigned What if the market melts up or keeps climbing? Repeat every week until you get assigned. It's not like the sp500 can climb a hundred per...
by Leesbro63
Sat May 23, 2020 11:33 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11489

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

Sell puts to get back in the market. You can make a few thousand weekly if you have a good chunk of cash ( at least 6 digits) lying around, until you get assigned What if the market melts up or keeps climbing? Repeat every week until you get assigned. It's not like the sp500 can climb a hundred per...
by Leesbro63
Sat May 23, 2020 11:04 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11489

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

bugleheadd wrote:
Sat May 23, 2020 9:16 am
Sell puts to get back in the market. You can make a few thousand weekly if you have a good chunk of cash ( at least 6 digits) lying around, until you get assigned
What if the market melts up or keeps climbing?
by Leesbro63
Fri May 22, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2478

Re: Potential relocation, how concerned should I be with a 4/10 school?

Sometimes a smart kid in a weak school shines better for colleges than a smart kid, among many many many smart kids, in a strong school.
by Leesbro63
Thu May 21, 2020 4:51 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11489

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

You need an investment plan. With an asset allocation you can stick with through thick and thin. You need to be able to “don’t just do something, stand there.”
by Leesbro63
Tue May 19, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains From Brokerage "Covered Shares"
Replies: 2
Views: 176

Capital Gains From Brokerage "Covered Shares"

I'm breaking this out from another thread. What's required to prove capital gains for (brokerage) "covered shares"? Does the IRS require taxpayers to keep purchase documents and other basis adjustments, or, since 2012 (or was it 2010 or '11), when brokerages became required to track basis, is that e...
by Leesbro63
Tue May 19, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

Did it used to be seven years? If you claim a loss on your taxes, you must keep records for seven years. If not, three years. Thanks. For covered shares, am I correct in assuming that the borkerage's 1099 showing the capital loss(es) would be sufficient? I think my brokerage makes electronic copies...
by Leesbro63
Tue May 19, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

Did it used to be seven years? If you claim a loss on your taxes, you must keep records for seven years. If not, three years. Thanks. For covered shares, am I correct in assuming that the borkerage's 1099 showing the capital loss(es) would be sufficient? I think my brokerage makes electronic copies...
by Leesbro63
Mon May 18, 2020 7:08 pm
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 155
Views: 20854

Re: Where's Warren Buffett During This Crisis?

It sounds to me like WB is "backdoor" admitting that he can no longer beat the S&P500.
by Leesbro63
Mon May 18, 2020 6:48 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Re: Apple Airpods Pro

Another question: If I take them out of my ears and put them into the case and into my pocket, does the case charge the airpods? Or do they only charge if the case is connected to a power source? In other words, does the case have a battery in it that charges the airpods batteries? Or is the case j...
by Leesbro63
Mon May 18, 2020 5:55 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15496

Re: Ben Felix - How to Retire Early (The 4% Rule)

Tony-S wrote:
Mon May 18, 2020 5:36 pm
EnjoyIt wrote:
Mon May 18, 2020 7:22 am
I realize that the word "rule" is in the subject title. But, I refuse to use that word when discussing this subject matter.
“The (4%) is more what you’d call ‘guidelines’ than actual rules.” – Hector Barbossa, Pirates of the Caribbean
Perhaps "rule" is just short for "rule of thumb"
by Leesbro63
Mon May 18, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Re: Apple Airpods Pro

Another question: If I take them out of my ears and put them into the case and into my pocket, does the case charge the airpods? Or do they only charge if the case is connected to a power source? In other words, does the case have a battery in it that charges the airpods batteries? Or is the case ju...
by Leesbro63
Mon May 18, 2020 5:45 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Re: Apple Airpods Pro

So I guess the answer is that you can't adjust the volume, during a call, from the Airpods themselves. I don't have the watch, so if the phone was in the other room I'd have to go get it to adjust the volume. Right? If controls on the buds themselves is an important consideration, you may want to l...
by Leesbro63
Mon May 18, 2020 3:11 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Re: Apple Airpods Pro

So I guess the answer is that you can't adjust the volume, during a call, from the Airpods themselves. I don't have the watch, so if the phone was in the other room I'd have to go get it to adjust the volume. Right?
by Leesbro63
Mon May 18, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Re: Apple Airpods Pro

bowest wrote:
Mon May 18, 2020 12:00 pm
"Hey Siri, volume up"
"Hey Siri, volume down"
How do I get them to increase or decrease during a call?

So far I like them a lot. I do worry about even the low frequency sizzling bilaterally into my brain however.
by Leesbro63
Mon May 18, 2020 11:59 am
Forum: Personal Consumer Issues
Topic: Apple Airpods Pro
Replies: 21
Views: 1162

Apple Airpods Pro

I recently bought a set of these. How do you increase or decrease the volume, directly on the airpod(s), if the phone is in the other room?
by Leesbro63
Mon May 18, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

after about 7 years I discard all backup and just keep tax forms and W2s. What about 1099s? (I am retired, no W2s) Brokerage statements, SS, IRS/state refund info? How about just saving the TruboTax digital file? Brokerage statements need to be saved until the statute of limitations expires on the ...
by Leesbro63
Mon May 18, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

after about 7 years I discard all backup and just keep tax forms and W2s. What about 1099s? (I am retired, no W2s) Brokerage statements, SS, IRS/state refund info? How about just saving the TruboTax digital file? Brokerage statements need to be saved until the statute of limitations expires on the ...
by Leesbro63
Sat May 16, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: SWR Data: 6.5 Million Possibilities Considered
Replies: 152
Views: 7121

Re: The only safe withdrawal rate is one under 3%

The burden of proof is not on me because I'm not saying the U.S. will not continue on a similar trajectory; I'm saying there is no basis to conclude that it will. As I pointed out, I was bombarded with both data and logic that showed that Japan's amazing rise after WW2 would continue - and it didn'...
by Leesbro63
Fri May 15, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 155
Views: 20854

Re: Where's Warren Buffett During This Crisis?

Another interesting piece on this topic: “Opinion: Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era Published: May. 15, 2020, 8:00 a.m. EDT The chairman of Berkshire Hathaway seems to prefer the S&P 500 to his own company’s stock“ https://apple.news/...
by Leesbro63
Fri May 15, 2020 5:51 am
Forum: Personal Finance (Not Investing)
Topic: What are the most valuable things in life?
Replies: 7
Views: 841

Re: What are the most valuable things in life?

The scanner! PDFs allow unlimited storage of everything on a chip that fits in the palm of your hand!
by Leesbro63
Thu May 14, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my he...
by Leesbro63
Thu May 14, 2020 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5485

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. But since I'm probably here for the duration, I'll let my he...
by Leesbro63
Wed May 13, 2020 2:40 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10822

Re: Dentist charges $10 for PPE

Normally I'd side with the patient here. But this is a crazy situation and there's a tremendous amount of PPE required that was not required before. The dental market will "shake out", as these new costs become mainstream (or perhaps temporary). Frankly I'd be happy to pay only that extra $10 and mo...
by Leesbro63
Wed May 13, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 198
Views: 8913

Re: Should we create a testamentary trust for $6M estate?

oldfort wrote:
Wed May 13, 2020 11:08 am
The median age to receive an inheritance is 60.
Kinda makes sense in that life expectancy is into the 80s and more often than not it’s a traditional couple situation where both old dad AND old mom have to die before the money gets passed to children about 25 years younger.
by Leesbro63
Wed May 13, 2020 7:25 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15496

Re: Ben Felix - How to Retire Early (The 4% Rule)

What Ben forget to mention in his video, which was great by the way, is to keep your expenses low. If you go into retirement with monthly bills of $3,000.00 per month vs $5,000.00 per month you have a much better chance of being successful regardless of the withdrawal rate that you chose. Thanks fo...
by Leesbro63
Wed May 13, 2020 6:59 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13347

Re: Coronavirus Flight Cancel Thread

Question about Expedia: My good friend booked a trip to Vancouver Canada with air (Air Canada) and hotel as an Expedia package. This is for this coming September. The airline has not yet cancelled (or "changed") the flight. If he waits until this happens, will it be too late to dispute the charge w...
by Leesbro63
Tue May 12, 2020 11:43 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15496

Re: Ben Felix - How to Retire Early (The 4% Rule)

What Ben forget to mention in his video, which was great by the way, is to keep your expenses low. If you go into retirement with monthly bills of $3,000.00 per month vs $5,000.00 per month you have a much better chance of being successful regardless of the withdrawal rate that you chose. Thanks fo...
by Leesbro63
Tue May 12, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4663

Re: Front load washing machine recommendations

My solution to the stink has been: 1. Use Only the detergent measure that comes with the detergent and use a little less than it indicates. I no longer use the one in the tray, which is a lot more per load. I read somewhere that using too much Detergent doesn’t rinse completely and makes it much ea...
by Leesbro63
Tue May 12, 2020 11:24 am
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4663

Re: Front load washing machine recommendations

Propping the door with the magnetic latch is NOT problem solved. Many threads exist about this, propping or not. When you start with a clean slate (new or recently cleaned washer) and follow recommended use conditions with the magnetic latch, you will not get mildew, plain and simple. It is not a c...
by Leesbro63
Tue May 12, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1674

Re: Car Insurance; Bad Driver Penalty

quantAndHold wrote:
Mon May 11, 2020 10:39 pm
Have they shopped around for a better rate?
So far no one will take him due to the two accidents. Truthfully I wouldn't insure someone with two big accidents either, if I was in that business.
by Leesbro63
Tue May 12, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1674

Re: Car Insurance; Bad Driver Penalty

I can't imagine why it was $3500 per year before the accident... One word: Chubb Then why use them? Chubb is considered the "Cadillac" of property/casualty insurance. The premium, even before all this, was double what others charge. Some people think it's worth it. Truthfully they took a long time ...
by Leesbro63
Mon May 11, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods
Replies: 30
Views: 1898

Re: Apple Airpods

No one seems to be concerned about radio frequencies literally zapping your brain from both sides.
by Leesbro63
Mon May 11, 2020 5:49 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4663

Re: Front load washing machine recommendations

I think another reason top loaders continue to be made and bought is due to the "stink issue" with front loaders. Manufacturers haven't fixed this really. Until people don't have to jump through hoops to prevent stink, top loaders will continue to be sold. Once word gets around that there's no more...
by Leesbro63
Mon May 11, 2020 4:15 pm
Forum: Personal Consumer Issues
Topic: Front load washing machine recommendations
Replies: 98
Views: 4663

Re: Front load washing machine recommendations

-HE top loaders are nowhere near as good as HE front loaders. More water use, more electric use, poorer cleaning, poorer drying. Top loaders are dinosaurs serving a dinosaur market. Manufacturers continue to make them because a. some consumers can’t give up old habits and b. they can be priced affo...
by Leesbro63
Mon May 11, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10146

Re: Paul Tudor: Compelling case for bitcoin ?

Paul Tudor Jones is a trader and Bitcoin I would guess, is only one or two percent of his total positions. Paul Tudor Jones was on CNBC this morning and said EXACTLY that...that Bitcoin was between one and two percent of his positions and that it is a great SPECULATION but not a great investment. O...
by Leesbro63
Mon May 11, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1674

Re: Car Insurance; Bad Driver Penalty

Millennial wrote:
Mon May 11, 2020 2:26 pm
I can't imagine why it was $3500 per year before the accident...
One word: Chubb
by Leesbro63
Mon May 11, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 198
Views: 8913

Re: Should we create a testamentary trust for $6M estate?

So it seems that somethng pretty dramatically changed. You were seemingly content with your daughter's judgement until now. What has made you less confident in her ability to manage the inheritance? In terms of taxes there is still (even after taking some hits from recent legislation) some deferral...
by Leesbro63
Mon May 11, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Car Insurance; Bad Driver Penalty
Replies: 21
Views: 1674

Car Insurance; Bad Driver Penalty

A family member had a bad accident last summer in his new luxury car insured by Chubb. It was his fault. His car was fixed to the tune of about "only" $10,000, but on top of that the guy he hit sued and got a settlement as well as a car repair. To add to the misery, during my family member's car rep...
by Leesbro63
Mon May 11, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods
Replies: 30
Views: 1898

Apple Airpods

I just became interested in wireless ear devices for my iPhone 10. But I haven't been tuned in at all to this product. I'm willing to spend whatever it costs for the best and current Apple product, I think. What is the current top Apple product called...Airpods1? AirpodsPro? Something else? And are ...