Search found 240 matches

by goldendad
Wed Feb 05, 2020 5:20 pm
Forum: Investing - Theory, News & General
Topic: Why are you holding bonds
Replies: 161
Views: 10857

Re: Why are you holding bonds

I am 64/married. Although I think it is expensive (loss of return), I keep 10 years of basic expenses in cash and bonds so I sleep better at night.
by goldendad
Thu Jan 30, 2020 11:20 pm
Forum: Personal Consumer Issues
Topic: When do you replace water heater?
Replies: 29
Views: 2311

Re: When do you replace water heater?

At about 15 years. Along with other things (these all on the car) - brakes, belts, oil, battery, water pump - I don’t try to get the last 10% (or so) of use out of them. One house flood was enough!
by goldendad
Sun Jan 19, 2020 5:49 pm
Forum: Personal Investments
Topic: Deploying a $40m windfall in current market conditions
Replies: 60
Views: 8752

Re: Deploying a $40m windfall in current market conditions

Don’t forget you need to be able to sleep at night! I would feed it in all asset classes (US stocks/bonds/foreign stocks) over the next 2 to 3 years.
by goldendad
Sun Dec 29, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: Peter Lynch on Barron's Roundtable Tonight
Replies: 61
Views: 4934

Re: Peter Lynch on Barron's Roundtable Tonight

I heard Peter Lynch say something in that interview about people losing more money in anticipation of downturns than in actual downturns... did anyone catch the quote? I suppose he meant people selling on (false) fears that stocks were about to lose value. - he said something like, "more money has ...
by goldendad
Sat Dec 28, 2019 11:09 pm
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5189

Re: Should I sell my farmland and buy stocks?

I would keep the farmland. It is a good hedge as it will have value no matter what happens to the economy or US dollar. I understand Warren Buffett owns a farm.
by goldendad
Mon Dec 16, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14408

Re: The worst investment advice I know

The place to invest is in penny stocks.
by goldendad
Fri Dec 06, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 139
Views: 33928

Re: who here is tempted to pullback on stocks?

I generally never sell stocks.When they seem to get overvalued I do donate them to the church we attend (instead of cash). Otherwise, when my portfolio gets stock heavy I just put new money into bonds. Been doing that since 1980.
by goldendad
Thu Nov 28, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 88180

Re: Flaunt Your High-Mileage Car

2004 Highlander 190k miles, no plans to get anything else
by goldendad
Thu Nov 28, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4272
Views: 1231643

Re: What Book Are You Currently Reading? Part VI

Persuasion by Jane Austin
by goldendad
Sun Nov 24, 2019 11:12 pm
Forum: Personal Investments
Topic: Which funds do YOU have in your taxable account?
Replies: 81
Views: 7170

Re: Which funds do YOU have in your taxable account?

VTI, QQQ, plus some individual stocks (KO, PEP, MCD, APPL, PG, DIS, COST, WMT, etc. that I have owned for an extended period of time). I bought almost all of the stocks many years ago and have held them ever since.
by goldendad
Sun Nov 24, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: How much money do you need to create generational wealth?
Replies: 78
Views: 8188

Re: How much money do you need to create generational wealth?

My goal is to not be a burden for our children, provide for my wife if I die first, and to provide in-state college educations to all my grandchildren.
by goldendad
Thu Oct 24, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Long Term Treasuries?
Replies: 6
Views: 620

Re: Long Term Treasuries?

The prices are up because people are willing to pay more for them - thus the yield is down.
by goldendad
Sun Sep 29, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4837

Re: Ken Fisher wants you to know that he cares...

I understand Ken is worth $3+ billion. I’m going to assume he knows something about running a business and marketing.
by goldendad
Fri Sep 06, 2019 11:10 pm
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7609

Re: Mensa membership

Buy a motorcycle. Join a motorcycle club. Probably be more fun!
by goldendad
Sat Jun 29, 2019 10:57 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 163
Views: 19319

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I sell covered calls on individual stocks and a couple of indexes (spy, qqq). I do that with some money that would be in bonds. Have earned 8-10% over the last 6 years.
by goldendad
Sat Jun 22, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Subaru Ascent vs Toyota Highlander...
Replies: 37
Views: 4614

Re: Subaru Ascent vs Toyota Highlander...

Bought a 2004 Highlander new. Currently has 189500 miles with no significant problems. Been a great car. Still going strong.
by goldendad
Sat Jun 08, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4981

Re: Best day of the month to invest?

When you have the money to do so.
by goldendad
Sat Jun 08, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 21356

Re: Paying for rent is throwing away money...myth?

Do the math. Renting could be the way to go if you invest any savings. My wife and I have owned 2 different homes over the last 33 years. We bought because we like owning our home. After looking at it (several years ago) I don’t think I am financially better off by owning.
by goldendad
Sat Jun 08, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 7599

Re: Tell us your side hustle success stories.

I stayed in the US Navy reserves to earn a retirement. Now I am retired from my main job (airline pilot), volunteer as a church minister, and trade covered calls.
by goldendad
Sun Jun 02, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: What personal finance metrics do you track?
Replies: 44
Views: 3708

Re: What personal finance metrics do you track?

Net worth and ROR on covered calls (to see how I compare to a total bond market fund).
by goldendad
Sun Jun 02, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: My new car buying experience.
Replies: 61
Views: 18272

Re: My new car buying experience.

I have bought new and used. Drive them until they are only worth donating to charity. I also will only discuss one figure with the dealer - what I write the check for to drive it home. You have to be willing to walk away if they add anything at the last minute. I have also finished the final negotia...
by goldendad
Sun Jun 02, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 41524

Re: For those who earn $500k+ per year. How'd you do that?

Very senior pilot at major airline. Been there 34 years. Work in training department and management for extra pay. That plus investment income of 110k puts us over 500k. Airline job did not pay over 200k until [about] the last 5 years. Will retire in 1 1/2 years.
by goldendad
Sat Jun 01, 2019 11:43 pm
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 8617

Re: Do you regret taking a pay cut for quality of life?

I have always put quality of life over pay. I have been Blessed to be in a profession (airline pilot) where I could do that. Never regretted it. Your kids are only young once.
by goldendad
Thu May 30, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 59671

Re: What is/ was your career and would you recommend it now?

Airline pilot for major airline. Recommend it only if flying is in your blood. The industry is better now but the last 30 years have been a bit of a roller coaster.
by goldendad
Sun May 26, 2019 5:20 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8234

Re: Rethinking Individual Stocks

For about 6 years I have been using value blue chip individual stocks (and occasionally an ETF) to sell covered calls. Been earning around 8% to 9% per year. Been doing that some bond capital.
by goldendad
Wed May 15, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1408
Views: 160465

Re: What frugal thing did you do today?

Bought dinner at the Safeway deli instead of going to a restaurant. We are traveling.
by goldendad
Wed May 15, 2019 10:48 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 102
Views: 13450

Re: If you are already wealthy, what keeps you motivated?

Managing what we have well (not losing it). I’d keep my day job. Never know what is coming over the hill.
by goldendad
Wed May 15, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 9264

Re: Did you buy the 600+ dip last week ?

No. The knife had not fallen far enough. The last time I bought on a dip the market was down about 15%. Bought the QQQ in early January.
by goldendad
Tue May 14, 2019 3:45 pm
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 4771

Re: Thoughts on Schwab

I have most accounts at Schwab. Generally no complaints. Customer Service has been good.
by goldendad
Tue May 14, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 13550

Re: What is your U.S./ex-U.S. stock allocation?

63 years old. Retired. 90/10
by goldendad
Fri May 10, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 8218

Re: How much do you donate?

10 % to 11 % of gross pay to our local church
by goldendad
Wed May 08, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 436
Views: 116819

Re: If your net worth is over $3 million, how did you do it?

Started with a net of $300 at 22. Worth almost 6 mil. Started saving from a paper route in junior high school and have saved all my life. My wife is also good with money. Have invested in the market from the early 1980s. Did not hear about the Boglehead philosophy until the last few years but have a...
by goldendad
Thu Mar 14, 2019 10:33 pm
Forum: Personal Consumer Issues
Topic: Army Reserves at 41 as an MI Captain
Replies: 7
Views: 1697

Re: Army Reserves at 41 as an MI Captain

I did 7 years active (Navy pilot) and 13 in the reserves to retire with 20 good years. I am 63 and have been drawing a reserve retirement for 3 years. My wife and I are on TriCare Select medical and like it. Overall no regrets so far.
by goldendad
Wed Mar 13, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 8155

Re: How many companies have you worked for?

I am a pilot. Two - US Navy and United Airlines.
by goldendad
Wed Mar 13, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8948

Re: Bright daughter wants to work for nonprofit

My daughter and your's are similar - CPA, 4 years at a Big 4, wanted to work for non-profit. Eventually left and did it. Lasted about 2 years and is now back at a regular corporation in their audit department. It was a good experience (and she needed to get it out of her system), but it was not the ...
by goldendad
Mon Mar 11, 2019 6:23 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 101
Views: 18420

Re: Charles Schwab Experiences?

Been with them many years. No complaints.
by goldendad
Sun Mar 10, 2019 10:27 pm
Forum: Personal Investments
Topic: How to invest a massive increase in salary?
Replies: 26
Views: 3530

Re: How to invest a massive increase in salary?

Wouldn’t do it for the money. After 20 years in the US Navy I can tell you 5 months separation is a long time. 5 years is a VERY VERY long time. Things change a lot in 5 years. It is best if you change together.
by goldendad
Wed Feb 20, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: purchasing new furnace tips
Replies: 35
Views: 2038

Re: purchasing new furnace tips

I got a couple of bids but ended up buying through Costco. It worked out OK. Not perfect but OK.
by goldendad
Mon Nov 26, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop and settle at one place?
Replies: 34
Views: 4690

Re: When to stop and settle at one place?

You have to decide what your priorities are in life - and make decisions accordingly.
by goldendad
Mon Dec 11, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 9888

Re: Snow Tires? Worth it?

Have lived in Denver for 30 years. Never put a snow tire on any of our cars. Didn't even have 4 wheel drive for the first 8 years - had front wheel drive and a '72 VW Bug (engine over the rear wheels). Good tires, front wheel or All/4 wheel drive will do you fine. Even the VW was very good in the sn...
by goldendad
Sat Dec 09, 2017 5:13 pm
Forum: Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 4252

Re: Do you have any guilty pleasure investments?

I sell covered calls on stocks using some of my bond money. I enjoy it and am earning about 10%/yr over the last 7 years. No plans to stop.
by goldendad
Mon Dec 04, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 12171

Re: What did you do right?

1. Always lived within our means.
2. Started investing in the stock market at age 27.
3. Got a college degree that helped me get a job - engineering.
4. Married a good lady - and stayed married until today.
by goldendad
Fri Nov 24, 2017 8:49 pm
Forum: Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 7241

Re: if you could use only 1 investment firm...

Recently I have worked with Schwab, Fidelity, and Vanguard. Schwab and Fidelity were very easy and helpful. Vanguard was difficult.