Search found 290 matches

by Wricha
Sat Jul 21, 2018 12:59 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1800

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000. Is that have done? Please relate your experiences in giving those size gifts. I personally don't think it's my job to "change his life". That's up to him and his parents. I hardly think $1k or $10...
by Wricha
Sat Jul 21, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 210
Views: 9214

Re: Direct Real Estate Returns

So with 20% and above returns available as easy pickings in all times and places, why is it that iShares Residential Real Estate ETF (REZ) has a 10 year return of 9.38%? I know, it's not 100% residential REITs, but then why are the managers of these Residential REITS so dumb that they get returns l...
by Wricha
Fri Jul 20, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1800

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000. Is that have done? Please relate your experiences in giving those size gifts. I personally don't think it's my job to "change his life". That's up to him and his parents. I hardly think $1k or $10...
by Wricha
Fri Jul 20, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1800

Re: High school graduation monetary gift for nephew

Wow you guys are cheap if $10k doesn’t matter you only go to undergrad once (hopefully) minimum $1000.
by Wricha
Mon Jul 16, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 85
Views: 9142

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

Hello, The Forum has already suggested a Schwab Target Fund (or a three fund) for in-retirement investing. I met with Schwab and they recommended a Schwab Intelligent Portfolio (SIP) approach to consider as a lost-cost options: 0% in advisory related fees. I reviewed at least some of the SIP posts ...
by Wricha
Mon Jul 16, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 169
Views: 9774

Re: A different take on retirement income: time segmentation

Withdrawal methods for retirees are obviously one of the most discussed topics on this forum. It is clear that there is no one-size-fits-all approach because everyone has different needs. But I've been contemplating a general withdrawal strategy that could be easily modified in countless ways to fi...
by Wricha
Sun Jul 15, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 4813

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sun Jul 15, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 4813

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sun Jul 15, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3287

Re: Any kayakers here?

Branching off recent hobby discussions regarding Boglehead weight lifters, I started wondering if there were any Boglehead kayakers around here. I'll start: Grew up doing a decent amount of canoeing as a kid with my uncle. Once I got old enough to start taking vacations myself, I did a whitewater k...
by Wricha
Sat Jul 14, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 4813

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Sat Jul 14, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9480

Re: When does frugal cross the line to cheapskate?

If your frugality is making someone unhappy, you've crossed the line. That someone could be somebody else ("stingy,") or it could be you ("miserly.") I disagree with that. The fact that I don't buy my mom a porsche that I can afford might make her unhappy, but it doesn't make me a cheapstake or a m...
by Wricha
Sat Jul 14, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 4813

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Wricha
Wed Jul 11, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3287

Re: Any kayakers here?

Branching off recent hobby discussions regarding Boglehead weight lifters, I started wondering if there were any Boglehead kayakers around here. I'll start: Grew up doing a decent amount of canoeing as a kid with my uncle. Once I got old enough to start taking vacations myself, I did a whitewater k...
by Wricha
Tue Jul 10, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: Six stocks make up 98% of S&P 500 gains in 2018
Replies: 76
Views: 10059

Re: Six stocks make up 98% of S&P 500 gains in 2018

https://www.cnbc.com/2018/07/10/amazon-netflix-and-microsoft-hold-most-of-the-markets-gain-in-2018.html Amazon Netflix Microsoft Apple Facebook Alphabet My thoughts are 1. Weak breadth can signify a market correction or worse 2. A declining cumulative A/D line likewise, but I don't know how to find...
by Wricha
Wed Jul 04, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3457

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they...
by Wricha
Sat Jun 30, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is your debt interest rate threshold?
Replies: 57
Views: 3402

Re: What is your debt interest rate threshold?

This is probably one of the most common threads on here. This link is referenced in many of them https://www.whitecoatinvestor.com/pay-off-debt-or-invest/ Its not just about interest rate though, you have to look at your complete financial picture: emergency savings, salary, job stability, debt amo...
by Wricha
Mon Jun 25, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3957

Re: Charity giving how much? How much do other retirees give?

I give directly to people that need some help. Far too many charities are plagued with fraud and waste. Yesterday I gave $105 (total) to 5 strangers. I have done that quite often in the past. Today my ablity to give is much greater and to be honest I trust the organizations I have selected. The big...
by Wricha
Sun Jun 17, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3457

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they...
by Wricha
Wed Jun 13, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2714

Re: Trade-up my $89 Walmart bike

No question get the bike and you will find that bike shops will be willing to work on it. No one wants or will work on an 89 dollar bike. I like the lockable feature but not essential. Trek’s are good bike. See if you can buy from local Trek dealer (establish a relationship) they have a $39 one time...
by Wricha
Wed Jun 13, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5934

Re: Anyone with a paid off house drop homeowners insurance

Slightly different. I have a condo in FL USAA would not write Insurance on it. I came to find out that many of the large insurance companies will not take on additional Florida homes. Then I moved down a couple of teirs and found a “local”insurance company who would. My major concern if a really big...
by Wricha
Sun Jun 10, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3957

Re: Charity giving how much? How much do other retirees give?

Re: Charity giving how much? How much do other retirees give? Report this post Quote Unread post by RadAudit » Sun Jun 10, 2018 4:07 pm Impossible to answer. Some of the poorest among us routinely give the largest % of their income to charity. That's not something I'd necessarily advocate in your ca...
by Wricha
Sun Jun 10, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3957

Charity giving how much? How much do other retirees give?

My question is how much money can I afford to donate to charity? My cash flow from investestments ( 1/3 stock 1/3 bonds 1/3 commercial real estate) is probably 2x my expenses without touching principle. 64 years old not taking SS till 70 and leaving a large inheritance is unnecessary. I tend to low ...
by Wricha
Fri Jun 08, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3144

Re: Porsche Macan

Personally bought a few Porsche. Great cars, unfortunately 2%-3% off list will be the best you will do. Even that, will not come easy. Go to a smaller dealership avoid big places (Miami, New York). See what that dealer has allocated from factory this is where you might get your discount. Or take del...
by Wricha
Fri Mar 16, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: Sharonview FCU 64 month CD - 4%
Replies: 90
Views: 12919

Re: Sharonview FCU 64 month CD - 4%

First, thank you Evelyn. Once I got through the enrollment process setting up CD was easy over the phone. The people were friendly and a bit overwhelmed with the demand. They honored the rate even though I had not complete the CD process. I ask to set up 5 cds rather then one big one so if I needed ...
by Wricha
Tue Feb 13, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: Antarctica,South George, Falkland Islands
Replies: 4
Views: 496

Antarctica,South George, Falkland Islands

Planing a trip there next mouth any last minute, tips, recommendations or advice. Thank you
by Wricha
Tue Jan 02, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 154
Views: 11380

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

Put me down for 2885.01
by Wricha
Tue Jan 02, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Schwab brokerage incentive $2,500 - - - thoughts?
Replies: 72
Views: 22256

Re: Schwab brokerage incentive $2,500 - - - thoughts?

Reviving this old thread. Is Schwab offering $2500 for $1M again in 2018? If so, perhaps it's a hidden bonus because I cannot find it advertised. Schwab generally does not advertise these incentives but they will match anyone’s incentives. I did receive the incentive last year. TD ameritrade may ha...
by Wricha
Mon Dec 04, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 3420

Re: Who keeps more money out of 100k? Self-employed vs Employed?

People who are self employed vs employee: self employed folks are generally looking for other things (autonomy) other than which situation net more at a specific salary. If expenses/taxes increase self employed people are looking at different ways to make more money (not bound to a salary). So I wou...
by Wricha
Mon Dec 04, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6606

Re: It's that time of year again... buying christmas gifts

You could tell people that in lieu of Christmas gifts, you will donate an amount to the charity of their choice. That's my default, not just for Christmas, but for many other events. People seem quite happy to do this. The Human Fund does great work. Ha Ha. Obviously a Seinfeld fan. Me too! :beer 1...
by Wricha
Mon Dec 04, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 3341

Re: Umbrella liability insurance policy to match portfolio size?

Sandtrap I have my umbrella policy through USAA their rates are competitive. As far as matching your portfolio that depends on the size of the portfolio. I don’t remember the exact amount but as I raised my limit, USAA would no longer would cover the whole policy. They began to use another carrier t...
by Wricha
Thu Nov 30, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18183

Re: A good friend has nearly $1M in BitCoin what do I tell him?

You can tell him is worth nearly 800k today
by Wricha
Thu Nov 30, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does Schwab ever offer transfer bonus into existing accounts
Replies: 20
Views: 2517

Re: Does Schwab ever offer transfer bonus into existing accounts

Schwab gave me $2500 evev though I had an account with them. This was in the last 3 months. I believe the money must stay in Schwab account for 1 year. I find Schwab extremely easy to work with.
by Wricha
Thu Nov 30, 2017 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 10699

Re: Why should I donate to my alma mater?

Malcolm Gladwell did a podcast http://revisionisthistory.com/about Season 1 episodes 5 & 6 on funding/donating to college. I thought was very interesting. After you listen it may change your mind where/who should be funded. Worth a listen while driving in car.
by Wricha
Sat Nov 25, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 5493

Re: best cordless drill??

The best? I would say Festool, then Fein, then Metabo but those are priced towards the professional. I've been very happy with my Makita products. One of their small drill/impact sets is perfect for homeowner use Festool is very very good I find their drill the weakest in their line up of tools. Ni...
by Wricha
Sat Nov 25, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 4600

Re: What are average incomes for luxury vehicle purchases? Will help me decide

Eh. What is ‘luxury’? An entry level Lexus or bmw badge car or an XJ jaguar or S class Mercedes or a 911 Porsche? 911 is not a luxury it is a necessity! +10000 Loved the 911 I had.. wish I never sold it.. will definitely be back to it. Would rather drive a 911 or other nice car (of any model) than ...
by Wricha
Sat Nov 25, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 4600

Re: What are average incomes for luxury vehicle purchases? Will help me decide

edge wrote:
Sat Nov 25, 2017 9:51 am
Eh. What is ‘luxury’? An entry level Lexus or bmw badge car or an XJ jaguar or S class Mercedes or a 911 Porsche?
911 is not a luxury it is a necessity!
by Wricha
Fri Nov 17, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 76
Views: 6993

Re: My dad's army jacket

Vet here (which means absolutely nothing). Wear it if you like I don’t understand the problem.
by Wricha
Wed Nov 08, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Re: Annuity for winning the game

Thank you in advance. I am very very slowly coming (10 years) to the conclusion that there maybe a place to augment my investments with an annuity. I am 63 years old (SS at 70) and have been lucky (no inheritance things just worked out) with enough money to live a very good lifestyle on 2% withdraw...
by Wricha
Wed Nov 08, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Re: Annuity for winning the game

Great points made above. Still missing, however: 1) You don't indicate where you live, so you might be subject to the non-deductible state tax on annuities. https://www.immediateannuities.com/state-premium-tax/ 2) At 63, you just can't say you know exactly how you will want to spend the rest of you...
by Wricha
Wed Nov 08, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Re: Annuity for winning the game

See Jim Otar’s book and web site for best advice. If I recall correctly, according to Otar, you are well past the sweet spot for an SPIA. So, no need to annuitize and would be a waste of principle, but it is your money. Even with an annuity, one needs a good financial fiduciary/trustee in the event...
by Wricha
Wed Nov 08, 2017 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Re: Annuity for winning the game

While the other post rightfully points out that any investment you make will be fine in terms of return and (probably) longevity -- I think it too easily glossed over cognitive decline as a Pretty Good Reason To Buy An Annuity. You don't need to annuitize all at once, if 12% feels like a lot. You c...
by Wricha
Wed Nov 08, 2017 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Re: Annuity for winning the game

2% withdrawal rate means that you can do whatever you want and it'll work. Saving 50 times your annual expenses means you could get a real return of zero and wind up with enough money to last you until you turn 113 years old. Very few people live to that age. Any non-terrible investment is fine. Wh...
by Wricha
Wed Nov 08, 2017 3:24 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4047

Annuity for winning the game

Thank you in advance. I am very very slowly coming (10 years) to the conclusion that there maybe a place to augment my investments with an annuity. I am 63 years old (SS at 70) and have been lucky (no inheritance things just worked out) with enough money to live a very good lifestyle on 2% withdrawa...
by Wricha
Fri Nov 03, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 5170

Re: Accidentally bought $20,000 worth of I Bonds

Assuming you bought them on line. I bought too many through Treasury Direct. It went through as you said but they caught it within 48 hours. As I recall I got a pretty stern email saying don't do it again or I will be shot or something worse. Right But did you get to keep the extra bonds? They bust...
by Wricha
Thu Nov 02, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 6711

Re: Retirees: which websites do you spend the most time on?

Rob54keep wrote:
Tue Oct 31, 2017 9:40 pm
BH (of course)
Morningstar
Fox News
Clark Howard
Jim Lange Money Hour (in Pittsburg)
science & geology websites (AAPG)
Tax Policy Center
Given you are a Packer's fan that's Pittsburgh wtth "H" 😄
by Wricha
Thu Nov 02, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 5170

Re: Accidentally bought $20,000 worth of I Bonds

Assuming you bought them on line. I bought too many through Treasury Direct. It went through as you said but they caught it within 48 hours. As I recall I got a pretty stern email saying don't do it again or I will be shot or something worse.
by Wricha
Tue Oct 10, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 5026

Re: Protecting against the possibility of a correction?

But for those in retirement, like me, markets may not fully recover during our life time after a 2008 type correction. So, what is the Bogleheads strategy for us? NO equities? Perhaps you should take a look at the "liability matching portfolio". I don't know enough about it to comment, but it might...
by Wricha
Sat Sep 02, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 5607

Re: Robert Kiyosaki - rich dad, poor dad

Financial books are different from other types of books. With most books, if you read a bad book you will waste time but no harm will result. By contrast, bad financial books will harm you. Financial books are seldom purely theoretical and the harm comes from the recommendations they make. It's dif...
by Wricha
Wed Jul 19, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 3967

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

BashDash wrote:We are going tomorrow! Looks great and thank for the tip!
There is an Italian restaurant just down the road from the Hyatt called Angeleno's. Very nice setting, decent food but a little expensive.
by Wricha
Wed Jul 19, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 15564

Re: Books not to read.

"Born on Third Base" by Chuck Collins a story about a guy who was heir to the Oscar Myer family. He gave away his trust fund when he was in his twenties out of guilty. Now spends his time trying to convince people to not to donate to charities but to give your money to the government because they c...