Search found 184 matches

by Case59
Sat May 01, 2021 9:54 pm
Forum: Personal Consumer Issues
Topic: Questions for New York Times Subscribers
Replies: 42
Views: 3347

Re: Questions for New York Times Subscribers

I take both the NYT and the WSJ. Politically, they tend to average out to about where I am. I like them about equally for content and great writing, with views that I often disagree with but need to think on.
by Case59
Mon Mar 29, 2021 9:56 pm
Forum: Investing - Theory, News & General
Topic: Useless Investment Books
Replies: 150
Views: 12998

Re: Useless Investment Books

UpperNwGuy wrote: Mon Mar 29, 2021 9:11 pm Why would anyone on this forum read books about investing when they have access to regular posts from such investment gurus as nisiprius, grabiner, livesoft, Kevin M, Taylor Larimore, Rick Ferri, and others?
Ditto this.
by Case59
Wed Mar 17, 2021 8:16 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24818

Re: What is the BEST thing you spent money on?

Jeep Wrangler. As the saying goes, "For those who say money doesn't buy happiness, explain Jeeps and tacos."
by Case59
Wed Feb 24, 2021 6:52 pm
Forum: Personal Consumer Issues
Topic: wiFi extenders
Replies: 39
Views: 2210

Re: wiFi extenders

I had similar issues in our 3000 sqf ranch style home where the router is at one end of the house because of cable location issues and my office at the other end. For several years I struggled with Linksys and Netgear extenders, both very irritating: uneven speeds, dropped signals, and frequents reb...
by Case59
Sat Jan 30, 2021 11:45 am
Forum: Investing - Theory, News & General
Topic: I still believe in “getting rich slowly”
Replies: 91
Views: 8848

Re: I still believe in “getting rich slowly”

In the late 90's, I had some friends who got into day trading. They did great. Until they didn't.
by Case59
Wed Dec 30, 2020 3:32 pm
Forum: Investing - Theory, News & General
Topic: What are the biggest mistakes new investors should avoid?
Replies: 24
Views: 1220

Re: What are the biggest mistakes new investors should avoid?

Do not buy last year's winner, whether a stock or a mutual fund or a sector. Using index funds, get the asset allocation (stocks/bonds) set that you're comfortable with and stick with it.
by Case59
Thu Dec 10, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 202
Views: 12540

Re: Do you still wear a necktie to work?

I was an attorney for 35 years and suits and ties were pretty de rigueur in most circumstances, except on official "casual days." I retired at the end of 2012, and have since worn a tie on three occasions: one wedding and two funerals.
by Case59
Sat Dec 05, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: My work wants to take out a $3.5M life insurance on me
Replies: 65
Views: 6483

Re: My work wants to take out a $3.5M life insurance on me

Reminds me of the scene in the book Liar's Poker, about working at Salomon Brothers in the 1980's. A young salesman was about to leave for a business flight. His manager ran up to him and tossed the salesman a ten dollar bill: "Hey, take out some crash insurance on yourself in my name." &q...
by Case59
Mon Oct 19, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: Historical Precedents on Effective Date of New Tax Laws
Replies: 23
Views: 1051

Re: Historical Precedents on Effective Date of New Tax Laws

This article has one example of a retroactive tax increase, the Omnibus Budget Reconciliation Act of 1993.
https://home.kpmg/us/en/home/insights/2 ... -faqs.html
by Case59
Mon Oct 19, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: Historical Precedents on Effective Date of New Tax Laws
Replies: 23
Views: 1051

Re: Historical Precedents on Effective Date of New Tax Laws

Doc wrote: Mon Oct 19, 2020 4:30 pm Ex post facto laws are expressly forbidden ...

US Constitution Article 1, Section 9 Clause 3 ...
That provision is limited to criminal and penal laws.

https://www.law.cornell.edu/constitutio ... facto-laws
by Case59
Wed Oct 14, 2020 7:52 pm
Forum: Personal Consumer Issues
Topic: Favorite Horror Books
Replies: 40
Views: 2481

Re: Favorite Horror Books

I'm not a horror fan but two books that gave me real chills when I was younger (much younger) were Tom Tryon's The Other (1971) and Harvest Home (1973). Tryon had an interesting career arc, going from Disney actor to successful novelist. But the scariest book I ever read was easily The Exorcist. Sta...
by Case59
Sun Oct 11, 2020 7:31 pm
Forum: Personal Consumer Issues
Topic: Favorite Science Fiction Movies
Replies: 179
Views: 9143

Re: Favorite Science Fiction Movies

1. Bladerunner
2. 2001
3. Aliens
4. Alien
5. Arrival (very under-appreciated, IMO)
by Case59
Thu Sep 24, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Lawsuit settled, how long to keep paperwork
Replies: 3
Views: 563

Re: Lawsuit settled, how long to keep paperwork

I'm an attorney, retired. I ditto the above comment. While unlikely, depending on the circumstances of your case and your personal circumstances, there are various ways a settlement can be reopened or become an issue in a later lawsuit. (Yes, you would think a settlement should be final, but we live...
by Case59
Sun Sep 13, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3484

Re: Security question on one's passwords

For important websites like banks and brokerages, I use an initials scheme. The password is comprised of the first letters of lines of a favorite song or poem, plus the year of the song or poem. So, if my favorite song is Stairway to Heaven (which of course it isn't or I wouldn't be using it here), ...
by Case59
Sat Aug 08, 2020 8:23 pm
Forum: Personal Investments
Topic: My "Try to Beat Market Fun Money" Has Done That, Thoughts on Next Steps
Replies: 9
Views: 1488

Re: My "Try to Beat Market Fun Money" Has Done That, Thoughts on Next Steps

D: (Do something else). Sell half. That way, come what may, you will have been partially right. And if the remaining half continues to appreciate, rinse and repeat.

This advice comes from painful experience during the 1999-2000 dot.com boom/bust.
by Case59
Tue Jul 14, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ever hide money from yourself?
Replies: 46
Views: 3035

Re: Ever hide money from yourself?

DW and I keep roughly 1-2 years in expenses in cash, and don't take it into account in evaluating the portfolio that we live off of. It's not an emergency fund or bucketing or really anything other than some sort of psychic cushion.

I've got a few hundred stashed in a sock, too. :D
by Case59
Sat Jul 11, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 259
Views: 20323

Re: Who is your favorite fiction author and what is your favorite book of theirs?

For series authors, I like the classic mystery writers: Arthur Conan Doyle, Agatha Christie, Rex Stout, Erle Stanley Gardner. For individual novels, my favorite is Moby Dick. No sh*t. I read it about once a decade, and always find something new. I think it's the strangest book ever written. I'm also...
by Case59
Tue Jun 30, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 150
Views: 7806

Re: What famous investing quote reminds you of your investing style?

"{Individual stock trading} is like a game of tennis in which players on the other side of the net are invisible. The bad news is that most of the time, it's the Williams sisters."

--William Bernstein, Four Pillars of Investing.
by Case59
Sun Jun 14, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Any reason for 5% cash in a long-term portfolio?
Replies: 58
Views: 5389

Re: Any reason for 5% cash in a long-term portfolio?

We keep 1-2 years living expenses in cash, and don't consider it part of the portfolio. It's not even an emergency fund, really, just mental accounting/peace of mind.
by Case59
Thu Jun 04, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can my parents serve as POA for me??
Replies: 3
Views: 420

Re: Can my parents serve as POA for me??

Also be aware that a few states--South Carolina, for example--require that a Durable POA be recorded to be valid. (I just found this out getting one done for my mother.)
by Case59
Wed May 20, 2020 6:25 pm
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 21373

Re: What is your most luxury/expensive hobby.

I like to travel and I like photography, so my most expensive hobby is: travel photo workshops!
by Case59
Mon May 11, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65754

Re: So bottom is probably behind us....right?

abuss368 wrote: Mon May 11, 2020 6:29 pm
Case59 wrote: Mon May 11, 2020 6:25 pm
abuss368 wrote: Mon May 11, 2020 6:18 pm I don't know. I guess. Maybe. Who knows? Perhaps not!

If anyone knew the answer to that question we could all buy or short the market.
This. :sharebeer
Thanks! I have learned over the years "I don't know and I don't care"!
Me too!
by Case59
Mon May 11, 2020 6:25 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65754

Re: So bottom is probably behind us....right?

abuss368 wrote: Mon May 11, 2020 6:18 pm I don't know. I guess. Maybe. Who knows? Perhaps not!

If anyone knew the answer to that question we could all buy or short the market.
This. :sharebeer
by Case59
Mon Mar 30, 2020 9:58 pm
Forum: Investing - Theory, News & General
Topic: Is Kostohryz right?
Replies: 30
Views: 2387

Re: Another massive decline is coming - Sounds logical or ‘nobody knows nothing’ ?

I go with "nobody knows nothing." It has served me well.
by Case59
Tue Mar 10, 2020 5:30 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 326
Views: 51666

Re: Anyone disenchanted with retirement?

andypanda wrote: Tue Mar 10, 2020 4:21 pm I've been retired since 2012.

I've never met anyone who is disenchanted with retirement. I suppose I don't hang with the right crowd. :sharebeer
I ditto this totally. And I retired in 2012 also. :sharebeer
by Case59
Mon Mar 02, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6694
Views: 1463771

Re: What Movie Have You Recently Watched?

If you like off-beat documentaries, check out "Fantastic Fungi." Beautifully photographed, roughly the first two-thirds is a typical nature documentary about the neat world of the fungus (like the fact that they form something akin to a neural network underground). Then the last third veer...
by Case59
Sun Mar 01, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: The Dark Side of "Stay the Course"
Replies: 202
Views: 16768

Re: The Dark Side of "Stay the Course"

One of the best things I ever read on the failure of market timing is this piece by Mark Hulbert. The key is that while it may seem easy to know when to leave the market, it's hard to know when to get back in. And if you miss even a few of the best days of the rebound you've impaired your returns fo...
by Case59
Sun Mar 01, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 27895

Re: [Why aren't forum members following the "Stay the course" approach?]

The Boglehead philosophy isn't so much rules as it is....guidelines. Bogle himself (1) was fine with low-cost active management, (2) timed the market at least once, (3) and once recommended a 5% allocation to gold for an endowment fund. We seem to have many here who are more Boglehead than Bogle wa...
by Case59
Sat Feb 22, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of RMD's
Replies: 10
Views: 1206

Re: Taxation of RMD's

In other words, if SS by itself tips into the 12% bracket, then the RMD’s will just be taxed at 12% until the total hits the next bracket (which is unlikely under current brackets)? Yes. But...sometimes it is not as simple as that. Right now, some or all of your qualified dividends and long term ca...
by Case59
Sat Feb 22, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of RMD's
Replies: 10
Views: 1206

Re: Taxation of RMD's

DW and I are retired, me late 60’s and DW a few years younger. Our only ordinary income is SS, taxed at 85%. No pension. We primarily live on dividends, capital gains distributions, and tax-exempt interest in a taxable account. I’ve never really understood the relationship between ordinary income b...
by Case59
Sat Feb 22, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of RMD's
Replies: 10
Views: 1206

Taxation of RMD's

DW and I are retired, me late 60’s and DW a few years younger. Our only ordinary income is SS, taxed at 85%. No pension. We primarily live on dividends, capital gains distributions, and tax-exempt interest in a taxable account. I’ve never really understood the relationship between ordinary income br...
by Case59
Wed Feb 19, 2020 11:22 pm
Forum: Personal Investments
Topic: Can someone help me understand Medicare A and B
Replies: 11
Views: 825

Re: Can someone help me understand Medicare A and B

I would highly recommend the book "Medicare for Dummies" despite the title. Be sure you are looking at the most current edition if you get it at a library or a used copy. I ditto this. Medicare for Dummies saved my sanity when I joined Medicare two years ago. As Watty notes, just be caref...
by Case59
Wed Feb 12, 2020 8:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15192
Views: 1172611

Re: U.S. stocks continue to soar!

Stinky wrote: Thu Feb 06, 2020 10:55 pm
TheDDC wrote: Thu Feb 06, 2020 9:59 pm This thread has devolved into useless images again. So who's got the scoop for tomorrow?

-TheDDC
Futures are down a little bit at this hour.

So stocks will be down tomorrow. Or they may be up. Or possibly even flat. It just depends.
Often they go up. Except when they go down.
by Case59
Wed Jan 29, 2020 5:15 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331636

Re: What Book Are You Currently Reading? Part VI

I Am Dynamite: A Life Of Nietzsche, by Sue Prideaux. Good biography of this famously strange, brilliant man.
by Case59
Mon Jan 13, 2020 6:47 pm
Forum: Personal Consumer Issues
Topic: Magic Kingdom for a day or fun resort / hotel?
Replies: 56
Views: 4145

Re: Magic Kingdom for a day or fun resort / hotel?

At that age, they won't really remember the experience anyway. A hotel pool with a water slide will be as exciting as anything, for them.
by Case59
Mon Jan 13, 2020 6:40 pm
Forum: Personal Investments
Topic: Periodic Withdrawals
Replies: 12
Views: 776

Re: Periodic Withdrawals

We mostly try to stay within dividends/interest, then at the end of year add cash as necessary to keep our cash at roughly a year's worth of expenses. Not an emergency fund exactly, more just mental bucketing/peace of mind.
by Case59
Wed Jan 01, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3559
Views: 589934

Re: What are you up YTD? [Year To Date]

Retired, 75/25 stocks/bonds. Total return approximately 21%, less about 3% in withdrawals.
:sharebeer
by Case59
Mon Dec 23, 2019 9:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6694
Views: 1463771

Re: What Movie Have You Recently Watched?

Jumanji 2--lots of fun, especially if you liked the first one.
Rise of Skywalker--a between-the-lines take but one that's emotionally satisfying at the end.
The Two Popes--Stellar acting overcomes a rather static script.
by Case59
Mon Dec 23, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: What is the rationale for cash in your portfolio?
Replies: 130
Views: 10235

Re: What is the rationale for cash in your portfolio?

I keep roughly a year's worth of expenses in cash (or near equivalents), not so much as an emergency fund--more peace of mind/mental bucketing.
by Case59
Sun Dec 22, 2019 9:49 pm
Forum: Personal Investments
Topic: Best first index investing book recommendation?
Replies: 35
Views: 2103

Re: Best first index investing book recommendation?

I agree with the many above posts that Taylor's book, Bogleheads Guide, is number one. For additional reading I'd add Bernstein's Four Pillars and Malkiel's Random Walk.

:sharebeer
by Case59
Mon Dec 16, 2019 11:06 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6694
Views: 1463771

Re: What Movie Have You Recently Watched?

Parasite.

Wow. Just .... wow.
by Case59
Tue Dec 10, 2019 8:33 pm
Forum: Investing - Theory, News & General
Topic: Do you strictly manage your portfolio percentages of stocks and bonds?
Replies: 64
Views: 5048

Re: Do you strictly manage your portfolio percentages of stocks and bonds?

Investors in their 50-60's require bonds in their portfolios. No investment book would not include this principle READ the literature-rebalancing does improve long term results Here's a very basic test, using portfoliovisualizer.com. An allocation of 60/40 US stock/intermediate term Treasury. For 1...
by Case59
Sun Dec 08, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6694
Views: 1463771

Re: What Movie Have You Recently Watched?

I don't see a lot of movies in the theatre, but three favs from the last year: 1. Linda Ronstadt documentary--It's not a great documentary in itself, being very chronological: "And then and then and then." But her voice sweeps all away before her. 2. Knives Out--Fun, smart, old-style whodu...
by Case59
Wed Dec 04, 2019 10:21 pm
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8993

Re: Favorite stock(s) and why

.65% of my portfolio is in Google and BKR-B--legacy stocks from the time when I had a stock account, before moving into index funds. I hung onto these two thinking they would be good for the long-term, which has been largely true (not counting the occasional Kraft-Heinz deal).