Search found 220 matches

by mrpotatoheadsays
Sun May 06, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Do we spend too much on food?
Replies: 71
Views: 6771

Re: Do we spend too much on food?

"Too much" is something only you can decide. I think spending $600 a month eating out is too much. I think spending any money feeding others in order to be a socialite is too much. I think spending any money on soda, cookies, candy and other junk food is too much. You may want to consider your goals...
by mrpotatoheadsays
Sun May 06, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 7182

Re: Resignation letter

"At will" means the employment contract can be ended at any time and for any reason by either party. Legally, there is no requirement to give two weeks notice. The "policy" is thus contradicting this and is unlikely a legal document. If the employer would not pay the unused vacation, the employer co...
by mrpotatoheadsays
Thu May 03, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: How to treat a mortgage in context of long term investment
Replies: 12
Views: 1338

Re: How to treat a mortgage in context of long term investment

Your home isn't an investment; it's a place to live. Pay off the mortgage as soon as possible without any extremes.
by mrpotatoheadsays
Thu May 03, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: What do I need to consider when buying a home without real estate agents being involved?
Replies: 3
Views: 533

Re: What do I need to consider when buying a home without real estate agents being involved?

Buying is easy. Selling the wrong way can get you sued. Nolo has excellent books; read the appropriate ones so you understand the process from both viewpoints.
by mrpotatoheadsays
Sat Apr 28, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Bee in the house - what to do???
Replies: 27
Views: 1704

Re: Bee in the house - what to do???

Call Billy the Exterminator.
by mrpotatoheadsays
Sat Apr 28, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Advice on using a wealth manager or financial advisor?
Replies: 43
Views: 4685

Re: Advice on using a wealth manager or financial advisor?

" I can't manage directly"... Put it all in a S&P 500 index fund and leave it alone. There is nothing to manage! A typical wealth manager would require $2,000,000 in assets, 2% in fees and would underperform the S&P 500 index fund. A typical financial advisor would want 5% in fees and would underper...
by mrpotatoheadsays
Sat Apr 28, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Auto loan or dip into emergency fund?
Replies: 48
Views: 3738

Re: Auto loan or dip into emergency fund?

It's not an emergency.

If you can't pay for a car in cash, you can't afford one.

Auto warranties are for suckers.

Take the bus and work a side job until you save-up enough money to pay for a car in cash.
by mrpotatoheadsays
Sat Apr 28, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: When would you replace a car?
Replies: 34
Views: 3333

Re: When would you replace a car?

Yes, very drama queen... a new child does not justify a car purchase and a broken tire sensor is not the end of the world. 1. Cut the emergency fund to 6 months. 2. Use the emergency fund reduction and the iBonds to buy a used car. 3. Sell the Honda. Consumer Reports' best used cars under $10,000......
by mrpotatoheadsays
Sat Apr 21, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 9002

Re: “The Smell of Retiree Mon$y...”

Sharks smell blood in the water.

You've seen the true nature of this organization. Remove them from your will and move on with your life.
by mrpotatoheadsays
Sun Apr 08, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: Help Me Make The Case Against Online Trading Academy
Replies: 33
Views: 2930

Re: Help Me Make The Case Against Online Trading Academy

Recommendation: Mind your own business.

If cornered and directly asked for advice, tell him to investigate how many day trader suicides correlate to a down market.
by mrpotatoheadsays
Sun Apr 08, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: DIY trust word placement
Replies: 16
Views: 1078

Re: DIY trust word placement

I used Nolo's book for my trust. It's possible and important to keep things simple. Your daughters should be beneficiaries, not trustees. You can use a corporate entity as successor trustee; like USAA's trust services... or someone trustworthy. The successor trustee sells the house, if you like, but...
by mrpotatoheadsays
Tue Apr 03, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 14
Views: 2634

Re: The Intelligent Investor

Best book ever.
by mrpotatoheadsays
Thu Mar 22, 2018 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Basic question!
Replies: 22
Views: 2172

Re: Basic question!

My thoughts are that Dave Ramsey got rich off of people like you. Let's look at Growth & Income - American Funds Investment Company of America (AIVSX): Front Load: 5.75% Management Fee: 0.34% 12b-1 Fee: 0.24% 10-year Annual Return: 8.82% 10-year Annual Return Less Load: 8.18% S%P 500 10-year Annual ...
by mrpotatoheadsays
Thu Mar 22, 2018 12:16 am
Forum: Personal Finance (Not Investing)
Topic: How do you know when you need a trust?
Replies: 22
Views: 3607

Re: How do you know when you need a trust?

How do you know when you need a trust?

When you realize the natural order is undesirable.



Read Nolo's book. I set my trust up for under $50.
by mrpotatoheadsays
Sat Mar 03, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 20411

Re: What was your % pay raise?

I got a rock.
by mrpotatoheadsays
Sun Feb 18, 2018 2:14 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 8269

Re: Sell me on the benefits of an emergency fund

A major earthquake hits. Power is knocked-out, businesses are closed. The only thing being accepted is cash. I go to my safe and pull out my emergence fund - a stack on fresh bills to trade for food and water.

Replace "earthquake" with "Chinese cyberattack" or "fire" or "flood" or ...
by mrpotatoheadsays
Mon Feb 12, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4826

Re: Going Paperless Issues

I have all my monthly bills set up to be paid automatically either from a credit card or from my checking account. I've read of people who had similar configurations. They drop dead and no one knows until they drain their accounts... months, possibly years later. I do most everything manually.
by mrpotatoheadsays
Mon Feb 12, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4826

Re: Going Paperless Issues

I do not do e-billing due to the issues you state. What if my e-mail provider loses or blocks the message? I would be responsible for any penalties. How does the sender guarantee delivery? They don't. I would be responsible for any penalties. If the sender's electronic system had a glitch and failed...
by mrpotatoheadsays
Thu Feb 08, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 14831

Re: "The stock market is officially in a correction... here's what usually happens next"

If the market is in a correction that implies the market was previously incorrect.
So why were all the geniuses out there buying stocks?
The term "correction" is just broker babble to justify ignorance.
The market is nether correct nor incorrect; it is what it is.
So anything can happen next.
by mrpotatoheadsays
Thu Feb 08, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Does Shiller PE imply negative returns?
Replies: 57
Views: 4181

Re: Does Shiller PE imply negative returns?

How seriously do people take Shiller PE, and what it implies about future returns? Why? :happy I take it seriously. It implies nothing about future returns. It is simply a metric, one of many, that implies how expensive the market is. For example, If the Shiller McD tracked the price of Big Macs, y...
by mrpotatoheadsays
Tue Feb 06, 2018 2:01 am
Forum: Personal Consumer Issues
Topic: Washer/Dryer longevity ?
Replies: 69
Views: 7246

Re: Washer/Dryer longevity ?

Based on my research, the normal life service of washers/dryers is 13 years. Had you properly budgeted a reserve for replacement items, you'd have the money for a new washer/dryer today. So, yes, replace your broken old equipment with new equipment. The new models are extremely efficient and have nu...
by mrpotatoheadsays
Thu Feb 01, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: How to find a job in a different state?
Replies: 31
Views: 2359

Re: How to find a job in a different state?

You have to understand that Corporate America is incompetent. Hiring a talented individual from out-of-state takes time, effort and money far beyond that of just picking-up some slacker at the corner. My employer can't hire fast enough to replace the people leaving. They finally got so behind in the...
by mrpotatoheadsays
Mon Jan 29, 2018 3:29 am
Forum: Personal Consumer Issues
Topic: San Diego for 3-4 Days for a Couple
Replies: 25
Views: 1990

Re: San Diego for 3-4 Days for a Couple

Pala Casino... Buffet has excellent turkey.
Wild Animal Park... No turkeys.
by mrpotatoheadsays
Mon Jan 29, 2018 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Transamerica Life insurance/investments
Replies: 39
Views: 2458

Re: Transamerica Life insurance/investments

Run!

NEVER invest with an insurance company.
by mrpotatoheadsays
Wed Jan 24, 2018 4:35 pm
Forum: Investing - Theory, News & General
Topic: If we worry about interest rate/ inflation, why don't we buy Short-Term bond ?
Replies: 17
Views: 2089

Re: If we worry about interest rate/ inflation, why don't we buy Short-Term bond ?

isn't it better to buy short term bond due to interest rate set to rise? Yes. You will note many active "intermediate-term" bond funds currently hold durations less than the typical 10-years. They are timing the market like you suggest. In addition, the yield difference between short, intermediate ...
by mrpotatoheadsays
Wed Jan 24, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 18619

Re: Dear wife quits job and now we are down to 1 income

Sorry, but it sounds like you got hit by an emotional (or overly-emotional) new mother. I wouldn't expect her to work any time soon. You're gonna have to cut your living expenses... sell fancy new cars to cut insurance cost and pocket money, cut cable/satellite, cut cell phone plans, no eating out, ...
by mrpotatoheadsays
Tue Jan 23, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 7330

Re: Work-out schedule for those in 60s

Tom Brady's TB12
by mrpotatoheadsays
Mon Jan 22, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 34000

Re: anguard opens special offices for $1 million clients

bsteiner wrote:
Wed Feb 22, 2017 6:16 pm
davidkw wrote:Flagship Customers Only...
Interesting that only 60,000 out of 25 million Vanguard clients are Flagship.
The vocabulary was 60,000 "clients" and 25,000,000 "accounts".

I assume I am one "client" ... who has two accounts: trust and traditional IRA.

60,000/25,000,000 = 0.24%
by mrpotatoheadsays
Thu Jan 18, 2018 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for a 28 year old - Am I on the right track?
Replies: 4
Views: 962

Re: Portfolio advice for a 28 year old - Am I on the right track?

Benjamin Graham recommends you never go over 75% stocks or bonds in a stock/bond portfolio. This comes from his experience of life during the Great Depression. The experience was revisited by many during the Great Recession. Throughout life there will likely come times of stress or distress where yo...
by mrpotatoheadsays
Thu Jan 18, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off House
Replies: 11
Views: 1366

Re: Paying Off House

My questions is does it make sense to take lets say $500-$600 a month a take it directly off the balance? Or should we take that $500-$600 a month and put it into a mutual fund and gamble a bit and lets say in 10 years cash that money out and take it directly off the balance? I am comfortable with ...
by mrpotatoheadsays
Tue Jan 16, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 146
Views: 16025

Re: Can We Retire in Hawaii? Please Critique

The assessments I see on these boards are terrible. I recommend you use a retirement planner like the one at Analyze Now dot com. It is quite a lot of work. Mr. Hebeler also has an associated book that has an interesting take on budgeting, specifically "reserves" for things like automobiles, roofs, ...
by mrpotatoheadsays
Tue Jan 16, 2018 2:00 am
Forum: Investing - Theory, News & General
Topic: Historic global market returns?
Replies: 3
Views: 420

Re: Historic global market returns?

Jeremy Siegel's research concluded the risk associated with stocks is consistent across the globe. Therefore, the historical 7% real return based on some US benchmark would be achievable on a similar non-US benchmark. However, with non-US assets you have the additional risk of currency fluctuation.
by mrpotatoheadsays
Tue Jan 16, 2018 12:26 am
Forum: Investing - Theory, News & General
Topic: Anyway to compare metrics of today w stock bubble in 2000
Replies: 26
Views: 2688

Re: Anyway to compare metrics of today w stock bubble in 2000

Still only at about 75% of peak valuations from 2000 (using CAPE). http://www.multpl.com/shiller-pe/ Using the link for monthly table there, CAPE (Shiller PE) hit 43 in 2000 vs. 32 now. There are also links to other valuation metrics there. So if CAPE hit 43 in 2000 when the market crashed, will mo...
by mrpotatoheadsays
Fri Dec 29, 2017 2:34 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Index vs Actively Managed
Replies: 18
Views: 2187

Re: Bonds - Index vs Actively Managed

I agree with you.
We are near extremes and many of these indexes are heavily weighted in U.S. governments.
I instead use the Dodge & Cox Income Fund.
by mrpotatoheadsays
Fri Dec 29, 2017 2:29 am
Forum: Investing - Theory, News & General
Topic: Will PE ratios decrease due to lower taxes?
Replies: 20
Views: 2549

Re: Will PE ratios decrease due to lower taxes?

You are assuming the decrease in taxes results in an increase in earnings. But, what if the decrease in taxes results in an increase in R&D spending? .. or a facilities move that results in an increase in leasing costs? ... or an increase in executive pay? ... or ... It could be that earnings remain...
by mrpotatoheadsays
Wed Dec 27, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 14
Views: 2410

Re: Backdoor Roth Question

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by mrpotatoheadsays
Thu Dec 21, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the house...
Replies: 9
Views: 1058

Re: Paying off the house...

I would take the $120K and pay down the mortgage by the end of the day; this will reduce overall interest paid. I am assuming you have some type of emergency fund also. As you continue, put your extra money on the mortgage - as this is your goal. I recommend not investing these "home funds" since th...
by mrpotatoheadsays
Wed Dec 20, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 13152

Re: A meal with friends yields a financial revelation

Perhaps you should be concerned that your "true sense of freedom" was associated with "the swipe of a card."

This is the objective of credit card marketing; they seek those who purchase with "no thoughts about the total."

Your "crystal clear picture" is very murky to me.
by mrpotatoheadsays
Mon Oct 30, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 143
Views: 15516

Re: New Car: Ever make sense to lease?

Never.

... and no one "needs" a new car...
by mrpotatoheadsays
Sat Oct 28, 2017 2:10 am
Forum: Personal Consumer Issues
Topic: Hotels/Resorts on the beach in San Diego
Replies: 15
Views: 1692

Re: Hotels/Resorts on the beach in San Diego

You don't state your age or your interests. If you and your wife are young and are going to be drunk and laying on the sand for days, you might prefer something near Pacific Beach. If you and your wife are old and nudists, you might prefer something near south La Jolla (i.e. Black's Beach). If you a...
by mrpotatoheadsays
Sat Oct 21, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 33
Views: 7410

Re: When one reaches the 1 million mark what to do with all the money?

When I hit the $10,000 mark, I did... nothing. When I hit the $50,000 mark, I did... nothing. When I hit the $100,000 mark, I did... nothing. When I hit the $500,000 mark, I did... nothing. When I hit the $1,000,000 mark, I did... nothing. When I hit the $2,000,000 mark, I did... nothing. When I hit...
by mrpotatoheadsays
Sun Aug 13, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 13980

Re: Dave Ramsey spends two segments on his investing advice

Dave Ramsey is a salesman.

Why would anyone in their right mind blindly take investment advice from a guy who sells insurance, blinds and prepackaged meals?

:?
by mrpotatoheadsays
Wed Aug 09, 2017 11:41 pm
Forum: Personal Consumer Issues
Topic: Loud squeaky noise when starting the car
Replies: 18
Views: 2077

Re: Loud squeaky noise when starting the car

If your belt went bad, the belt drive tensioner may be next. With some Fords, the tensioner was aluminum and warped over time; the new tighter belt might quicken the warping. Then there is the idler pulley; some idlers (maybe all) have ball bearings in them that fail; the idler will basically lock-u...
by mrpotatoheadsays
Sat Jun 04, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trusts
Replies: 30
Views: 2833

Re: Living Trusts

I find your story funny... You went to an attorney; he found-out you had $5M; he proposed not one, not two, but three trusts, and then proceeded to spin your heads with other complexities. First, you don't need a lawyer. I did my own trust and it cost me under $50 and my time. If I can do it, you ca...
by mrpotatoheadsays
Sun Mar 27, 2016 11:33 am
Forum: Investing - Help with Personal Investments
Topic: leaving vanguard due to math errors / poor customer service?
Replies: 107
Views: 16376

Re: leaving vanguard due to math errors / poor customer service?

Yes. Over the past several months, I have found their customer service terrible. The individuals on the phone do not appear to be knowledgeable or understand the computer system in place. I can argue that the software system in place for the new brokerage accounts was poorly designed as it has a glo...
by mrpotatoheadsays
Tue Jun 09, 2015 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 112
Views: 17748

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I have taken the "more money; more work" route and loved it. It was similar to the description of your potential job. The challenge and intensity was a rush. It was a great experience, and I filled my pockets with gold. If I had the opportunity to do the same today, i would pass. I've aged and can't...