Search found 108 matches

by rongos
Tue Mar 19, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Is technical analysis all smoke and mirrors?
Replies: 88
Views: 10338

Re: Is technical analysis all smoke and mirrors?

Lots of cynicism about the market in this thread.

And yet we continue to pin all our retirement hopes on the stock market.

Because it works well, until it doesn't.
by rongos
Wed Mar 13, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Is there a better and cheeper way to send money......
Replies: 19
Views: 1953

Re: Is there a better and cheeper way to send money......

Many banks hide about 3% to 6% surcharge in the exchange rate. In Transferwise's webpage, they specifically quote that a Wells Fargo transfer in Nov 2018 cost 6.3% more than their own service. Not a big deal for small amounts, but _really_ adds up for transfers in the multi-hundreds or thousand doll...
by rongos
Tue Mar 12, 2019 10:21 pm
Forum: Personal Consumer Issues
Topic: Is there a better and cheeper way to send money......
Replies: 19
Views: 1953

Re: Is there a better and cheeper way to send money......

Transferwise is cheapest from USA if you don't need instant.

Xoom is best if you need to transfer in minutes.

Currencyfair is cheapest of all, but not currently accepting USA customers.
by rongos
Tue Mar 12, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 243
Views: 261128

Re: [Why did my fund suddenly drop in value?]

Thank you, livesoft, for the answer. An hour of googling could not answer what you said just minutes after my posting. (Bogleheads is awesome :-) Just one more question. If one sells shares before the end of the month, then the sold shares no longer accrue a dividend for the owner that sold them and...
by rongos
Tue Mar 12, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 243
Views: 261128

Re: [Why did my fund suddenly drop in value?]

How does a distribution work for money market funds that maintain a $1.00 NAV?

When such a fund makes a distribution, do they maintain a $1.00 NAV throughout?

If so, if there's a regular monthly distribution, what's to keep an investor from timing the distributions?
by rongos
Wed Jan 23, 2019 6:28 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 10393

Re: Grocery shopping strategy

If you are not interested in store loyalty program, memberships, and don't pay attention to sales and discounts, Walmart can be the best for across-the-board lower prices with no strings attached.
by rongos
Wed Jan 16, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11850

Re: Have I Now Become Out of Touch Financially? Aging question...

At 3% inflation per year, math says prices will double in 23.5 years.

You are talking about noticing higher prices after 11 years, so yes, we are well into doubling prices.
by rongos
Mon Dec 24, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 255
Views: 25716

Re: Whose buying today? where's all the "dry powder" folks at? :)

Be careful out there.

You can't be sure that this isn't Japan 1989. Nearly 30 years, and they haven't bounced all the way back.
by rongos
Sun Aug 19, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 92
Views: 9277

Re: Sellers beware on eBay.

That's exactly what I put in my complaint, almost word for word. I'm sorry to hear of your bad luck. I had a similar case on eBay and sent buyer a return label, so I offered to let buyer keep the item at a discount and he accepted. since eBay seems to want to allow buyers to return mistake purchase...
by rongos
Sun Aug 19, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 92
Views: 9277

Re: Sellers beware on eBay.

With eBay you have to be short and blunt when defending your sale from a predatory buyer. In OP's case, should say "Buyer admits he read description wrong, bought my item by mistake."

It's the day and age of the text message style of communicating. Elegant correspondence is inefficient and useless.
by rongos
Mon Jul 02, 2018 2:56 pm
Forum: Personal Investments
Topic: How do credit cards work?
Replies: 4
Views: 771

Re: How do credit cards work?

1) I also have an Amex card. Are they unique in both having their own infrastructure and also being able to issue credit? Amex is not unique, Discover is similar in this regard. Amex and Discover provide both the processing "infrastructure" and the issuance of credit, unlike Visa/MC, which only pro...
by rongos
Sun May 06, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 3440

Re: Can We Move To Oahu ?

Hello hightower! I actually live and work in Honolulu and agree its worth some level of sacrifice to live here. I don't have as much money as the OP and everyday is a test of how much I'm willing to sacrifice to continue living here, so forgive my perhaps cynical sounding comments :wink: The OP is m...
by rongos
Sun May 06, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 11735

Re: What career for smartest kid in the class?

We need more smart people in politics.
by rongos
Sun May 06, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 3440

Re: Can We Move To Oahu ?

Very familiar with COL, traffic, etc. Right now we don't leave before 9 AM and return before 3 PM if we want to go to Honolulu. Between the earthquakes shaking and lava eruptions burning up homes on the Big Island, the USA record for rainfall and flooding on Kauai last week, and errant nuke threats...
by rongos
Mon Apr 23, 2018 3:51 pm
Forum: Personal Investments
Topic: anyone convert PONAX to PIMIX at Fidelity?
Replies: 11
Views: 2999

Re: anyone convert PONAX to PIMIX at Fidelity?

With regard to your buying and selling of PONAX, the front load fee for PONAX is supposed to be waived for all future purchases in your accounts that had PONDX. Accounts that had PONDX converted to PONAX are supposedly grandfathered in to this privilege. Whether Fidelity implemented this fee waiving...
by rongos
Mon Apr 23, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 64
Views: 9498

Re: Cheap cell phone plans

Basically he might use it 1x/year. It is just in case of an emergency. His old phone (really old) with Virgin Mobile no longer works for him as he has reached the maximum limit for topping up Sounds like a perfect candidate for Tello, where you'll pay $0 per month if you don't use the phone, 3 cent...
by rongos
Fri Apr 13, 2018 6:29 am
Forum: Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 65
Views: 14313

Re: Why am I even holding BND? It has only been losing me money.

Bnd will make money if you hold it through its duration.

Stocks have been losing money last few months, isn't that equally worrisome as the bond's losing periods?
by rongos
Wed Mar 21, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Hawaii accomodations [Honolulu in Jan/Feb]
Replies: 4
Views: 661

Re: Hawaii accomodations [Honolulu in Jan/Feb]

Are they stationed at Schofield Barracks? There is on base guest lodging (motel style) that they can use their military benefits to get you in to.

Are they stationed at Fort Shafter? There is an IHG operated hotel at Tripler Army Medical Center, which is very close.
by rongos
Sun Feb 25, 2018 1:56 pm
Forum: Personal Investments
Topic: Bond fund duration discrepancy
Replies: 3
Views: 337

Re: Bond fund duration discrepancy

Perhaps it changed recently.

Pimco states data as of January 31, 2018.
Fidelity states data as of September 30, 2017.
by rongos
Tue Feb 13, 2018 5:17 pm
Forum: Personal Investments
Topic: Why not just do CDs and skip bonds?
Replies: 38
Views: 13230

Re: Why not just do CDs and skip bonds?

Long term, bonds outperform CDs.

Conventional thinking says bonds go up when stocks go down (flight to safety).
by rongos
Tue Feb 13, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 11914

Re: Job is starting to suck the life out of me.

Makes me just want to do enough while on shift just to get by under the radar and not do a damn thing more. This is what your co-workers are doing, and your enthusiasm is rocking that boat. If you are OK with adopting this attitude too, then stay at your job. If you want more out of life and your w...
by rongos
Thu Feb 08, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Is it possible to buy $200 worth of I Bonds and then sell $100 worth of the same I Bond?
Replies: 3
Views: 756

Re: Is it possible to buy $200 worth of I Bonds and then sell $100 worth of the same I Bond?

If it's online/electronic, yes.

Don't forget that you must hold for one year before you can sell with penalty, five years for no penalty.
by rongos
Mon Feb 05, 2018 4:34 am
Forum: Personal Consumer Issues
Topic: 3rd Shifters, Seeking Advice.
Replies: 11
Views: 1231

Re: 3rd Shifters, Seeking Advice.

I too stop drinking coffee and switch to drinking water only at around 3-4am. I get off work at 7am and go to sleep as soon as I get home. My trick to getting to sleep right away is to focus on deep steady breaths until I drift into dreamland. Works well for me. I sleep till noon, go about my day, a...
by rongos
Wed Dec 27, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 10013

Re: What the experts say about Bitcoins?

"It's a bubble."

- numerous
by rongos
Sun Nov 26, 2017 12:59 am
Forum: Personal Investments
Topic: Bonds: Why?
Replies: 29
Views: 3007

Re: Bonds: Why?

My understanding of Boglehead theory is that the reason one should be invested in bonds is because, generally speaking, bonds go up when stocks go down, and vice versa, thus cushioning fluctuations in the market. CDs don't do that.
by rongos
Wed Nov 22, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 77
Views: 7765

Re: Best Basic DESKTOP?

Time marches on and it's now time to ditch bigger "Desktops" and go for the smaller, more compact computers that do the job just as well. Plug your giant HDMI monitor and a comfortable keyboard into a Mini-PC, like the Intel NUC, running Windows 10, the OS that you're comfortable with.
by rongos
Tue Oct 24, 2017 6:56 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2073
Views: 360686

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

At Merrill Edge, is a Roth IRA different from a Traditional IRA for the purpose of earning the bonus? In other words, if I already have one type of IRA, will I earn a bonus for opening the other type? I know I could ask Merrill, but I trust you guys more than a customer service representative. Thanks!
by rongos
Tue Oct 03, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Waxing my car!
Replies: 48
Views: 5831

Re: Waxing my car!

I'm not young anymore and just want my car to look great for the least amount of work. I wax three or four times a year. When I was younger and waxed more often, I used Meguiars because the conventional thinking is that it looks more shiny and is supposedly worth the extra effort to wax often, but I...
by rongos
Sun Aug 27, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Funny/frustrating FedEx situation
Replies: 19
Views: 3232

Re: Funny/frustrating FedEx situation

So I call Straight Talk, and ask them to remove the restrictions, for which they did...or so they said. So I call FedEx back and [...] they say that the shipper still has restrictions on the package, and they have to keep sending it out on the truck every day. The shipper didn't remove the restrict...
by rongos
Tue Jun 27, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 12560

Re: Middle age job blues

I'm also in IT and a few years younger than you. You have done well and seemed to have taken advantage of your prime years to prepare for whatever the future holds. My thoughts about the subject is that one should advance to a position where, instead of having to keep up with the youngsters, you are...
by rongos
Mon Jun 12, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 90
Views: 11002

Re: Have you canceled cable?

If you're willing to cut cable, maybe you're willing to play a little game with the cable companys to cut your bill roughly in half. Where I live, served by Time Warner/Charter/Spectrum, you can cut your cable bill in half by being a new customer again. They have promotional plans for new customers ...
by rongos
Sat Jun 03, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: Everything keeps going up, this feels too easy?
Replies: 113
Views: 12421

Re: Everything keeps going up, this feels too easy?

It will come to an end sooner or later. I am full speed ahead on this "boom" as long as I have the feeling that nothing is going to happen tomorrow.

When it starts to feel like something bad could happen tomorrow, I will pull back.
by rongos
Sat Jun 03, 2017 12:01 am
Forum: Personal Consumer Issues
Topic: Television technical support needed
Replies: 3
Views: 760

Re: Television technical support needed

Can you uninstall and reinstall just the Amazon app?
by rongos
Tue May 23, 2017 2:14 am
Forum: Personal Finance (Not Investing)
Topic: How to buy (or invest) into Bitcoin?
Replies: 36
Views: 6725

Re: How to buy (or invest) into Bitcoin?

HAL 9000 wrote:convince people that they are somehow real money backed by a [...] army...!
Bitcoin is backed by something as powerful as any Army: An army of profiteering miners. The Bitcoin network is created and run by thousands of miners who do it for the money. Powerful indeed.
by rongos
Tue May 23, 2017 2:07 am
Forum: Personal Finance (Not Investing)
Topic: How to buy (or invest) into Bitcoin?
Replies: 36
Views: 6725

Re: How to buy (or invest) into Bitcoin?

The safest way to own Bitcoin is to keep it in your very own wallet that you run on your computer, or even printed out on a piece of paper that nobody has access to but you. Info about getting your own Bitcoin wallet: https://bitcoin.org/en/choose-your-wallet Coinbase is the most reputable USA excha...
by rongos
Tue Apr 04, 2017 1:32 pm
Forum: Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 10177

Re: Is anyone decreasing % of bonds this year?

Selling bonds now is like selling stocks right after a correction. You're locking in losses. Bonds are mathematically predisposed to make money even in rising rate environments, you just have to hold them long enough. The purpose of bonds in your portfolio is to cushion volatility in the stock mark...
by rongos
Mon Apr 03, 2017 5:25 pm
Forum: Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 10177

Re: Is anyone decreasing % of bonds this year?

Selling bonds now is like selling stocks right after a correction. You're locking in losses. Bonds are mathematically predisposed to make money even in rising rate environments, you just have to hold them long enough. The purpose of bonds in your portfolio is to cushion volatility in the stock marke...
by rongos
Mon Apr 03, 2017 7:02 am
Forum: Personal Consumer Issues
Topic: Is Craigslist still the main site to sell stuff locally?
Replies: 51
Views: 14939

Re: Is Craigslist still the main site to sell stuff locally?

note that ebay has discounts (or so they claim but it seems like they do) for shipping I don't' think there is a discount on eBay's shipping, even though they call it a discount. The "discount" compensates for their 10% fee because a number of years ago, eBay started charging their 10% commission o...
by rongos
Fri Feb 17, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: How long do you keep your kitchen sponge?
Replies: 55
Views: 7709

Re: How long do you keep your kitchen sponge?

I used to use sponges, read about how dirty they are.

Now I use my bare hands and fingers to scrub while turning the dish under hot running water, and a wash rag for bigger jobs. Works great.
by rongos
Sun Feb 05, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 7530

Re: Keep a Local Bank?

I keep a secondary local bank account for depositing cash, getting Cashiers' Checks, getting crisp large denomination bills for Christmas or Birthday gifts, depositing large checks, and the possibility I may need a notary. Credit Unions often have no fees, and savings accounts at FDIC banks usually ...
by rongos
Fri Feb 03, 2017 11:39 pm
Forum: Personal Consumer Issues
Topic: ringplus mobile premium plans - what is your experience?
Replies: 52
Views: 5290

Re: ringplus mobile premium plans - what is your experience?

Yep, I got the email too.

R.I.P. Ringplus

It was good while it lasted.
by rongos
Sun Jan 15, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Ameritrade Client Rewards CC?
Replies: 1
Views: 341

Re: New Ameritrade Client Rewards CC?

Barefootgirl wrote:seems to me that 1.5% plus 10% might not be that big of a deal since the 10% is calculated on the award amount, not original purchase amount.
Correct. 1.5% + 10% = 1.65%. Stick with the 2% card unless you are getting some other significant benefit(s).
by rongos
Sun Jan 15, 2017 4:14 pm
Forum: Personal Investments
Topic: Ally Bank - Is this a safe/best place to stash some cash?
Replies: 108
Views: 41014

Re: Ally Bank - Is this a safe/best place to stash some cash?

I would keep the local bank account (in addition to Ally) for those times you need to talk to a teller, such as for cash deposits and withdrawals, getting a money order or cashiers check, immediate money needs, wires, and maybe even use of notary. If your local account is a credit union, there's usu...
by rongos
Sat Jan 07, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 6336

Re: A few very basic investing theory questions that have bugged me lately

Why is an S&P500 index fund like Vanguard considered un-managed? Because Vanguard (and other copy-cat index fund providers) is not picking the stocks, someone else is. What is a stock worth? Whatever someone is willing to pay for it. What should a stock be worth, its "intrinsic" value? A couple pure...
by rongos
Fri Dec 30, 2016 5:59 pm
Forum: Personal Investments
Topic: Should I Switch From Bonds To CD's In My Ret. Acc.
Replies: 7
Views: 1210

Re: Should I Switch From Bonds To CD's In My Ret. Acc.

My limited understanding of Bonds is if interest rates go up the value goes down. I know guessing future rates is impossible. [...] put it in a 2 year cd paying 2% and revisit the holdings then? To me rising interest rates seem to be looking more and more likely. I am usually a buy and hold investo...
by rongos
Sat Dec 24, 2016 2:35 pm
Forum: Personal Consumer Issues
Topic: Alternative to UPS, FedEx home package delivery
Replies: 18
Views: 2321

Re: Alternative to UPS, FedEx home package delivery

Another, often more convenient option, is to arrange for pickup at any Fedex Office storefront. When receiving packages, you usually have no choice of delivery companies. Both UPS and FedEx have options to deliver packages to the UPS Store or Fedex Office (previously Kinkos) stores for free. It can...
by rongos
Mon Dec 05, 2016 3:39 pm
Forum: Personal Consumer Issues
Topic: Best printers for home use
Replies: 67
Views: 8635

Re: Best printers for home use

Count me in the same group.

I had an Epson ink jet that often clogged and would require frequent and wasteful cleaning cycles. I bought a Brother laser printer (no ink jet) and am very happy with my purchase.
by rongos
Sun Nov 27, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 15576

Re: Why does the car dealer say leasing is cheaper than buying?

Leasing is a bad deal for most people because leasing a car for 36 months or 39 months is like buying a new car every 36 or 39 months. Most people wouldn't normally buy a new a car that often, so they are overspending. You save much money if you keep a car longer, the longer the better. In your case...
by rongos
Fri Nov 11, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 61604

Re: USAA 2.5% Cash Back Credit Card

I'll need to decide if this is better than our $100 annual fee, Chase/United mileage credit card. My gut feeling is that it is, and personally I'd rather get cash back than have to deal with miles. Airline cards are a bad deal for all but the heaviest spenders or those who have special travel situa...
by rongos
Mon Nov 07, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mailing a US Savings Bond to Ally or PenFed for deposit?
Replies: 4
Views: 2820

Re: Mailing a US Savings Bond to Ally or PenFed for deposit?

I do my banking online, but keep a no-cost savings account at a local brick and mortar bank to have a place to make local deposits and withdrawals. Savings accounts have less demanding requirements than checking accounts to keep a relationship with the bank. Last time I made a savings bond deposit, ...