Search found 320 matches

by dave66
Sat Nov 11, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a deceased relative from long distance
Replies: 12
Views: 1860

How to deal with a deceased relative from long distance

This is a tough subject for me, but I’m completely at a loss as to how to handle this. A close family member of mine is getting pretty old. She already had one stroke not long ago. I fear she will probably not be around much longer. Though we are closely related, we have never gotten along well at a...
by dave66
Fri Aug 26, 2016 3:02 am
Forum: Investing - Help with Personal Investments
Topic: My 3 fund plan 5 years later
Replies: 8
Views: 1762

My 3 fund plan 5 years later

Well... Looking at where I'm at 5 years later, I can't complain. Since deciding to start handling things on my own, I've done pretty well. I started out with about 50% Total Stock Market Index, 25% Total International Stock Index, and 25% Intermediate Treasury Fund. I've not touched any of them in 5...
by dave66
Tue Aug 25, 2015 2:37 pm
Forum: Investing - Theory, News & General
Topic: How are you being GREEDY when others are fearful?
Replies: 85
Views: 14938

Re: How are you being GREEDY when others are fearful?

I'm amazed at how many people I know are calling this a "crash", and already starting up with the 'end of days' talk... It just seems like people will jump at anything now, to start the doom and gloom hysteria, and start ranting about the evil rich people and Illuminati. I don't know that I will do ...
by dave66
Fri Aug 22, 2014 8:05 pm
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 3574

Re: Why do we tip restaurant servers?

I understand people not liking the tip system, but sorry... punishing people by giving them nothing, is really lame. That's like people who refuse to give to a charity, because they think the CEO makes too much. You're not hurting the CEO, you're just hurting the people who receive the charity. Lame.
by dave66
Fri Aug 22, 2014 7:38 pm
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 9360

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

It may not be rational, but I have to agree... I get nervous when something gets 'trendy'. I think fondly of the days when Apple was the proverbial redheaded stepchild of computing, and they actually had to turn out great products. Back before the billions were made and the.. 'Everything we do is ge...
by dave66
Fri Aug 22, 2014 7:30 pm
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 3574

Re: Why do we tip restaurant servers?

A tip based pay system promotes hard work. A lot of the people who decide to be waiters, aren't exactly the most ambitious people in the world. It's a hard job and takes a lot of effort. With a guaranteed pay, you would see a lot more slacking. And when you run a restaurant, it is very difficult to ...
by dave66
Tue Aug 12, 2014 7:20 pm
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 8427

Re: Motorcycle for short commute?

I had bikes when I was younger. I hung out with a lot of guys that had them. My last bike got ripped off when I was about 24, and they probably did me a favor, because I probably would have killed myself on it. Out of everybody I know who had them, everybody did at least one stint in the hospital. O...
by dave66
Fri Aug 08, 2014 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of maybe changing bonds...
Replies: 11
Views: 1481

Re: Thinking of maybe changing bonds...

Thanks for the responses. I went and looked again, and it now says 2.8% on my account. Which seems to be in line with the info they have posted on the fund. I don't know why it said 0.9 before. Maybe it was bugged out. At any rate... I'd still like to see a little better than that. But I don't know ...
by dave66
Fri Aug 08, 2014 2:18 am
Forum: Investing - Help with Personal Investments
Topic: Thinking of maybe changing bonds...
Replies: 11
Views: 1481

Thinking of maybe changing bonds...

Just looking for some opinions. I got into my 3 funds about three years ago. About 62% is Total Stock Market Index and Total International Index (about 10% in the int.)... and the rest is Intermediate-Term Treasury VFITX. I've been very good about not obsessing. In fact, I've barely looked at them i...
by dave66
Sun Jun 16, 2013 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Article about young americans not using credit cards
Replies: 81
Views: 7549

Re: Article about young americans not using credit cards

I guess if you grew up watching your family fall apart over finances, that would probably be a good motivator not to let the same thing happen to you. However, these things always go in cycles. I'm sure a generation or two from now... after things have been positive for a while... the trend will be ...
by dave66
Wed Apr 03, 2013 3:04 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on CNBC warns about bumpy ride next decade
Replies: 35
Views: 7031

Re: Jack Bogle on CNBC warns about bumpy ride next decade

Isn't this kind of like saying there's going to be a major earthquake in the next ten years? What I find most disturbing today, is the effect the media has on public option and how they respond to situations. Something as stupid as one person making an off the cuff comment through Twitter, can chang...
by dave66
Mon Jun 04, 2012 5:11 pm
Forum: Investing - Theory, News & General
Topic: Cohan: Small Fish Burned in Facebook IPO Knew Better
Replies: 31
Views: 3526

Re: Cohan: Small Fish Burned in Facebook IPO Knew Better

I think the .com craze is what really started this stuff. That and the fact that the media and internet, give people much more access to this kind of stuff now. But I hardly think this sort of thing is anything new. Big business has been taking advantage of the little guys for a very long time. Ther...
by dave66
Mon Jun 04, 2012 4:16 pm
Forum: Investing - Theory, News & General
Topic: Cohan: Small Fish Burned in Facebook IPO Knew Better
Replies: 31
Views: 3526

Re: Cohan: Small Fish Burned in Facebook IPO Knew Better

All the whining is just more of the; 'It's all about ME, and anything in my life that goes wrong is somebody else's fault'... generation. And now the media is catering to them, because they're embarrassed that they got sucked into the hype just like everybody else. Pretty sure Bloomberg was promotin...
by dave66
Tue May 29, 2012 9:00 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

Why on earth would I want to put up with all the nonsense eBay puts you through, when I can just sell stuff myself? Many people have come to the same conclusion, which is why eBay struggles now as well. Ebay isn't struggling. With the exception of one horrible year when everything was going to hell...
by dave66
Tue May 29, 2012 8:20 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

Someone I respect claimed the other day--but didn't give me a reference and I never tracked down the claim--that YouTube has become a more important search portal than Google, on the grounds that (he says) more searches are made on YouTube than on Google. My wife uses Yahoo! Mail for no particular ...
by dave66
Tue May 29, 2012 4:59 pm
Forum: Investing - Theory, News & General
Topic: NY Times article: "More Investors Fleeing Stocks"
Replies: 29
Views: 3946

Re: NY Times article: "More Investors Fleeing Stocks"

The WSJ ran a virtually identical article: http://online.wsj.com/article/SB10001424052702304065704577429111951625728.html David Guthrie, a 30-year-old actor in Toronto, bought 15 shares of Facebook on its opening day. Before then, he had bought just one stock, yet saw the market as a place to make ...
by dave66
Tue May 29, 2012 3:40 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

I'm seeing more and more references to Facebook pages in TV and magazine ads, in the last few months. "Follow us on Facebook." It appears to be a trend. I joined Facebook myself 2-3 weeks ago. I've never had any personal interest in social media, but I wanted to look at some page or other, I forget...
by dave66
Thu May 24, 2012 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing; Index Fund Question
Replies: 4
Views: 823

Re: New to Investing; Index Fund Question

If you do go with the individual funds, I would keep it very simple. I personally just have intermediate treasuries, TSM and Total International. As far as the stocks go, right now probably isn't a bad time, since we unfortunately lost a lot of ground gained since the start of the year. Whether it w...
by dave66
Wed May 23, 2012 2:49 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

As they say, Facebook is just another ad-supported site. And I agree that it doesn't have an earth-shaking idea. (Although I'm not sure what Google's earth-shaking idea was. "Really good search is qualitatively different from pretty good search?") What puzzles me about Facebook is that it just does...
by dave66
Wed May 23, 2012 1:18 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9291

Re: The Facebook Fallacy

http://www.technologyreview.com/web/40437/ Summary: Facebook has the eyeballs, but lacks the convincing sales pitch or a monetizable transformative idea. So it will have to lower ad prices until it destroys itself and the whole ad-supported ecosystem. Excellent article on where Facebook is right no...
by dave66
Tue May 22, 2012 11:13 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Social Media and Facebook IPO
Replies: 8
Views: 1992

Re: Jack Bogle on Social Media and Facebook IPO

I thought it was hilarious how the interviewer attributed her own editorial comment to Jack, even though her point (hang onto Facebook stock, it could be worth lots more in the future?) had nothing to do with Jack's message. --Pete And in the beginning, she tried to spin it into some kind of 'occup...
by dave66
Tue May 22, 2012 1:07 pm
Forum: Personal Consumer Issues
Topic: Are Traditional Landlines Still The "Safest"?
Replies: 46
Views: 3879

Re: Are Traditional Landlines Still The "Safest"?

In any major event, neither cell nor hard-wire are probably going to stay up. I've been through numerous quakes and the land line was instantly down. I imagine it would usually be the same for any major natural disaster. As someone already said, the 'hardline' phone system is not exactly the way it ...
by dave66
Mon May 21, 2012 4:03 pm
Forum: Investing - Theory, News & General
Topic: Facebook: The smart money exits
Replies: 96
Views: 11092

Re: Facebook: The smart money exits

According to a Forbes article, it's all the government's fault that FB hasn't taken off and made money for the "little people". Apparently the market deciding that FB isn't worth as much as it claimed, has nothing to do with it. When in doubt, blame the government. From what I am told, and maybe Sw...
by dave66
Mon May 21, 2012 2:24 pm
Forum: Investing - Theory, News & General
Topic: Facebook: The smart money exits
Replies: 96
Views: 11092

Re: Facebook: The smart money exits

According to a Forbes article, it's all the government's fault that FB hasn't taken off and made money for the "little people". Apparently the market deciding that FB isn't worth as much as it claimed, has nothing to do with it. When in doubt, blame the government.
by dave66
Sat May 19, 2012 3:12 pm
Forum: Investing - Theory, News & General
Topic: Facebook: The smart money exits
Replies: 96
Views: 11092

Re: Facebook: The smart money exits

Reading some of the news pieces, the comments people are leaving under the stories are just brutal. lol Like 99% negative. For somebody like Apple, it's like... Who cares what people think... They still have stuff people want. But for a company that lives off its popularity? Not good. I have no doub...
by dave66
Sat May 19, 2012 1:43 pm
Forum: Investing - Theory, News & General
Topic: Facebook: The smart money exits
Replies: 96
Views: 11092

Re: Facebook: The smart money exits

What a surprise. Big fizzle. Kind of restores some of my faith in the market actually.
by dave66
Mon May 14, 2012 5:58 am
Forum: Investing - Theory, News & General
Topic: Another way to look at the Facebook IPO
Replies: 29
Views: 2711

Re: Another way to look at the Facebook IPO

I was cleaning my bookmarks out the other day and came across some oldies... One was for ICQ. The header that was on their site at the time and stored with the bookmark, reads: "Worlds Largest Online Communication Network". Hmm.
by dave66
Tue Apr 10, 2012 8:05 pm
Forum: Investing - Theory, News & General
Topic: How do you approach a down market psychologically?
Replies: 101
Views: 6180

Re: How do you approach a down market psychologically?

So you're surrounded all day by the... 'We're all going to be f***ed" crowd. Lucky you. I have a friend who's told me for the last five years that we're all going to be hauled off to the "FEMA prison camps" after marshal-law hits. Big surprise, he's also a big gold bug. Ignore them. All this stuff i...
by dave66
Tue Apr 10, 2012 7:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8513
Views: 1668011

Re: U.S. stocks in freefall

I would be interested to know how many people who believe a few days of market activity, indicate the overall trend of the market... also believe a few hot summer days indicate global warming is guaranteed to doom us all.
by dave66
Tue Apr 10, 2012 7:23 pm
Forum: Investing - Theory, News & General
Topic: How do you approach a down market psychologically?
Replies: 101
Views: 6180

Re: How do you approach a down market psychologically?

Wow... You're kidding, right? This is nothing. So if you sold, what would you do? Buy back when they're high again? You'd officially then be losing all the money... More than if you just did nothing. All you can do is just wait for it to come back up, like everybody else. Just forget it's there is t...
by dave66
Mon Mar 26, 2012 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone wealthy by being "self-made"? (No Inheritence, etc..)
Replies: 96
Views: 7966

Re: Anyone wealthy by being "self-made"? (No Inheritence, et

Are you asking if it's possible to be wealthy without help? Well, ask Jeff Bezos. I'm pretty sure it is. I've learned, that as long as you are healthy... the only thing stopping you, is you. I understand being annoyed by what life throws your way. But focusing on that is completely pointless. It won...
by dave66
Tue Mar 20, 2012 5:30 pm
Forum: Investing - Theory, News & General
Topic: Is a 2012/2013 Market Collapse Inevitable?
Replies: 49
Views: 5750

Re: Is a 2012/2013 Market Collapse Inevitable?

Yes, no, maybe, I don't know. You turn on CNBC, read Marketwatch, read the WSJ, listen to NPR's Marketplace, etc. you will hear "permabears" talk about this constantly. There is always someone out there who can turn news into bad news. There is always someone out there who can make a bearish argume...
by dave66
Fri Mar 09, 2012 5:53 pm
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16081

Re: Facebook IPO will be the biggest disaster in IPO history

I thought of this thread today, when the third young person in a week told me they are now mainly using 'Tumblr'. And so, the life cycle of internet social sites continues.
by dave66
Thu Feb 23, 2012 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Letter Fee?
Replies: 3
Views: 521

Re: Tax Letter Fee?

Yeah, I was going to tomorrow, but I wanted to see if anybody had heard of that, so I have a clue what I'm talking about. I'm sure they'll have some line of BS prepared for me. I never called in anything... They just sat on the account each year.
by dave66
Thu Feb 23, 2012 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Letter Fee?
Replies: 3
Views: 521

Tax Letter Fee?

It looks like my old financial institution that use to handle my funds is going to get one last screw in... I noticed on top of the advisory fee for last year, that they are including a $300 "Agency/Custody Tax Letter Fee". What the heck is that? Are they actually charging me to send my tax info for...
by dave66
Fri Feb 17, 2012 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 15084

Re: Found $100 Bill at Walmart

Years ago I was walking into a lobby of a highrise building, with a door to a bank by some elevators in the lobby. As myself and another guy I knew walked over to the elevator, we both noticed an envelope about the same time. Neither of us dove for it or anything, since we both just figured it was s...
by dave66
Fri Feb 17, 2012 3:05 am
Forum: Investing - Theory, News & General
Topic: Conspiracy of the Rich, How much should I be worried?
Replies: 34
Views: 3961

Re: Conspiracy of the Rich, How much should I be worried?

Considering that one of his main claims, is that the wealthy have somehow collectively manipulated the public education system, to only turn out good worker bees, to take advantage of in their grand scheme of world domination... is right up there with chemtrails and underground UFO bases. I wouldn't...
by dave66
Tue Feb 07, 2012 12:06 am
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16081

Re: Facebook IPO will be the biggest disaster in IPO history

I am going to have to agree with Dave. I think the most relevant example is AOL, because that was really what the internet was for many people - not only their walled-off content, but chat rooms, and eventually AIM. There was a time that many people used the terms "AOL" and "internet" interchangeab...
by dave66
Mon Feb 06, 2012 3:02 pm
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16081

Re: Facebook IPO will be the biggest disaster in IPO history

People keep comparing FB to Google and Apple, thereby assuming it will perform as well. The only problem is that, those two companies actually have real substance. They have something to offer, other than just being popular. FB is built on social habits... ie: trend. People thought MySpace was all ...
by dave66
Sun Feb 05, 2012 4:55 pm
Forum: Investing - Theory, News & General
Topic: Facebook IPO will be the biggest disaster in IPO history
Replies: 151
Views: 16081

Re: Facebook IPO will be the biggest disaster in IPO history

People keep comparing FB to Google and Apple, thereby assuming it will perform as well. The only problem is that, those two companies actually have real substance. They have something to offer, other than just being popular. FB is built on social habits... ie: trend. People thought MySpace was all t...
by dave66
Fri Feb 03, 2012 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Worst crash than before? Than what? Bonds, cash, tres?
Replies: 14
Views: 1700

Re: Worst crash than before? Than what? Bonds, cash, tres?

Some people somewhere, will say you don't want to do pretty much everything. At some point you just have to pick something and go with it. There's no such thing as perfectly safe money or investments... And yes, that includes gold.
by dave66
Thu Feb 02, 2012 9:10 pm
Forum: Investing - Theory, News & General
Topic: "The only way to extreme wealth is buying individual stocks"
Replies: 105
Views: 8882

Re: "The only way to extreme wealth is buying individual sto

A city of a million? The mind can't conceive of it. My circle of relatives of acquaintances of friends of friends probably includes over a million people happens to include someone who won $600,000 in the lottery, and of course I've heard of her , I just haven't heard of the 999,999 people who didn...
by dave66
Thu Feb 02, 2012 8:05 pm
Forum: Investing - Theory, News & General
Topic: "The only way to extreme wealth is buying individual stocks"
Replies: 105
Views: 8882

Re: "The only way to extreme wealth is buying individual sto

I think individual stock trading is just like being a star athlete, or rock star, or whatever... The guys that made it you see in Nike commercials and on MTV... and they get interviewed and tell their story of how they came up through all the hardship and struggles from nothing, and made it. So peop...
by dave66
Wed Feb 01, 2012 6:04 pm
Forum: Investing - Theory, News & General
Topic: POLL: How many funds do you hold?
Replies: 49
Views: 4706

Re: POLL: How many funds do you hold?

Went from about 12 down to 4 and then three. Might go back to 4 at some point with an SC index. Not sure yet.
by dave66
Sun Jan 29, 2012 6:36 am
Forum: Investing - Theory, News & General
Topic: Will you be investing in the Facebook IPO?
Replies: 67
Views: 9172

Re: Will you be investing in the Facebook IPO?

I think FB may have more staying power than MySpace, simply because MS was terrible from day one. It was only a matter of time before even the lamest people figured it out. FB might be around a while longer if they don't blow it. But social net stuff is ALL way too trendy to take seriously long term.
by dave66
Thu Jan 26, 2012 6:05 pm
Forum: Investing - Theory, News & General
Topic: the USA is doomed-- 1863? 1776? 1932? 1964? 1974?
Replies: 30
Views: 3386

Re: the USA is doomed-- 1863? 1776? 1932? 1964? 1974?

I remember adults talking about the topics of the time when I was a kid in the 60s/70s. Obviously a rough period. Hundreds of people with their fingers on the buttons of ridiculously destructive weapons... Extremely high levels of racial tension and civil unrest... Thousands killed in an endless war...
by dave66
Wed Jan 25, 2012 6:59 pm
Forum: Investing - Theory, News & General
Topic: Fed Says No Rate Hikes Until at Least Late 2014
Replies: 73
Views: 7163

Re: Fed Says No Rate Hikes Until at Least Late 2014

As near as I can tell, we're punishing savers and enabling borrowers with these persistently low rates. It's becoming very hard to save enough money to care for yourself in retirement when your investments can't grow enough to do their share of the heavy lifting. With bond yields at or below inflat...
by dave66
Tue Jan 17, 2012 3:51 pm
Forum: Personal Consumer Issues
Topic: Light Bulbs: Halogen vs Incandescent
Replies: 24
Views: 2603

Re: Light Bulbs: Halogen vs Incandescent

I've always had terrible durability issues with halogen. Seems like no matter what brand or how much I pay, they never last long. Or I'll get one out of three in a fixture that goes way before the others. The heat can also wear down fixtures a lot faster, unless they're made really well. Maybe I'll ...
by dave66
Thu Jan 12, 2012 3:44 pm
Forum: Personal Consumer Issues
Topic: Take the 'smart' out of smartphone
Replies: 23
Views: 2091

Take the 'smart' out of smartphone

Just an FYI to all you business people in love with your Blackberries and iPhones... I know you guys are just addicted to those things, and you think it's awesome that you can "communicate" while you're flying around doing whatever it is you do all day, that you claim is a "job". But for us people t...
by dave66
Sun Jan 08, 2012 7:55 pm
Forum: Personal Consumer Issues
Topic: Cutting the cord on Cable
Replies: 95
Views: 12986

Re: Cutting the cord on Cable

cable even on the higher end for all the channels is like 55 bucks a month without dvr. that's one dinner out a month for a family. I'd keep the cable, and skip the dinner. I think people put way too much effort into saving 50 dollars a month and then having to create these complex systems with str...