Search found 270 matches

by goldendad
Sun Feb 28, 2021 11:20 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 106
Views: 4530

Re: Do I need new tires?

Tires, brakes, batteries, belts, oil - don’t try to get the last 10%. Not that expensive to replace and a real hassle if they fail.
by goldendad
Fri Feb 26, 2021 3:52 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17128

Re: best wristwatch for the price

I have a Bulova. Looks good. Works very well.
by goldendad
Fri Feb 12, 2021 5:31 pm
Forum: Personal Consumer Issues
Topic: Buying a car spring 2021
Replies: 73
Views: 4927

Re: Buying a car spring 2021

Bought a 2004 Highlander new. 205k miles now. Running strong. No complaints.
by goldendad
Sun Feb 07, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: What was YOUR path to Financial Independence
Replies: 21
Views: 2656

Re: What was YOUR path to Financial Independence

Living below our means plus saving and investing for 45 years.
by goldendad
Mon Feb 01, 2021 10:54 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1414
Views: 83994

Re: What are you listening to now

Super Oldies 60's on YouTube
by goldendad
Tue Jan 26, 2021 6:04 pm
Forum: Investing - Theory, News & General
Topic: "Best" brokerage for play account?
Replies: 26
Views: 2129

Re: "Best" brokerage for play account?

Been using Schwab for many years. It works well for me and I like their research site.
by goldendad
Wed Jan 13, 2021 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: What do you use for inflation? [for retirement planning]
Replies: 54
Views: 4149

Re: What do you use for inflation?

2% long term. I own my house so that cost is fixed.
by goldendad
Wed Jan 06, 2021 12:04 am
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25886

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

Mow lawn, shovel snow, clean house. I did stop working on our cars about 4 years ago.
by goldendad
Wed Dec 23, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: What exactly are YOU doing in retirement?
Replies: 93
Views: 8752

Re: What exactly are YOU doing in retirement?

I am a volunteer minister at our church - this can be anything up to fulltime
I sell covered calls - takes a few hours a week
Read - couple of hours a day
Read on this website - couple of hours a week
Read on Seeking Alpha website - same
Go for a walk everyday - 30 mins/day
etc.
by goldendad
Fri Dec 18, 2020 8:54 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 125
Views: 8679

Re: New motorcycle rider

My wife and I rode for many years. I stayed away from cross streets and didn’t ride in bad weather or at night. Mostly highway riding during the day during the summer. I agree with the concept of assuming car drivers don’t see you. Wear a bright jacket. I wore red or a yellow motorcycle vest with re...
by goldendad
Fri Dec 18, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway (BRK)
Replies: 17
Views: 1685

Re: Berkshire Hathaway (BRK)

I have owned BRK-B for quite a while. I also use it for covered calls. You never know but, I also agree with the thought that Buffett will have trouble beating the indexes in the future. The company is too big. We will see.
by goldendad
Tue Dec 15, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: Best < $100 purchase?
Replies: 136
Views: 16549

Re: Best < $100 purchase?

Craftsman car tire electric pump. Got it about 20 years ago.
by goldendad
Fri Dec 04, 2020 9:25 am
Forum: Personal Investments
Topic: At what milestone did you feel secure?
Replies: 156
Views: 17593

Re: At what milestone did you feel secure?

Kids college paid for. Debt free including the mortgage. $2 million capital invested for growth and income.
by goldendad
Thu Nov 12, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 543
Views: 141274

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

Started saving and investing at age 21 and never stopped. Always lived below our means. Never got divorced. Never bought expensive cars. I am 65.
by goldendad
Wed Nov 04, 2020 10:30 pm
Forum: Personal Consumer Issues
Topic: My dog barks when I'm not home- solutions?
Replies: 79
Views: 5159

Re: My dog barks when I'm not home- solutions?

Get the dog de-barked. It was recommended by the vet and didn’t cost much. We did it to solve a similar situation. Worked great. Dog spent years barking all the time - just didn’t make much noise. Everybody was happy.
by goldendad
Tue Oct 20, 2020 10:14 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 133
Views: 9556

Re: How much do you allocate to international equity?

About 8% with no plans to increase it. The S&P500 have plenty of international exposure (IMHO). I am 64 yo with 80% in stocks - mostly VTI and SPY ETFs. I am retired with enough pension income to never touch my investments.
by goldendad
Tue Oct 20, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: 2020/2021 Toyota Highlander - Gas and Hybrid questions
Replies: 15
Views: 1299

Re: 2020/2021 Toyota Highlander - Gas and Hybrid questions

Have a 2004 Highlander. FWD, 202k miles, good in the snow, no significant problems. Bought it new. Plan to buy another one (probably AWD this time) when this one fall apart.
by goldendad
Tue Oct 20, 2020 9:59 pm
Forum: Personal Investments
Topic: Which Megatrends for the next decade ? Which ETFs ?
Replies: 35
Views: 3070

Re: Which Megatrends for the next decade ? Which ETFs ?

Is not much of a sector investor but my guess would be biotechnology.
by goldendad
Sat Oct 10, 2020 7:16 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 30566

Re: Should We Ever Save for Children's College?

Having a college education was a life-changing opportunity for both me and my wife. As a result we have paid for our two children to go to college and have also set aside enough capital to pay for our grandchildren to attend also.
by goldendad
Wed Sep 16, 2020 7:25 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 14264

Re: Is this guy trying to scam me on a car I'm selling?

Probably a scam. My wife and I ran into a similar situation with a wedding dress. The check was counterfeit.
by goldendad
Sat Sep 05, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: Buying guns not an option, what else
Replies: 56
Views: 5297

Re: Buying guns not an option, what else

There is a saying, “God created man. Sam Colt made them equal.” Running away is a good first option. I also agree with the shotgun option.
by goldendad
Sat Sep 05, 2020 8:08 am
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 164
Views: 16013

Re: What single individual stock would you buy?

JNJ WMT MSFT HD MCD
by goldendad
Fri Jul 03, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21483

Re: What to do with all this MONEY ?

As a previous post stated - not a physician, but similar outcome. Also 64. Fairly frugal lifestyle. Tithe to our church (always have). What we have done is upgraded our travel experiences - better hotels, etc. A couple of cruises in a nicer room. We do eat out more. We have 2 young grandchildren wit...
by goldendad
Fri Apr 24, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: physician/APC pay cuts
Replies: 133
Views: 10553

Re: physician/APC pay cuts

Like in a previous post, I am also an airline pilot. Just retired after 33 years in the business at a major airline. I agree. Don't take the pay cut unless they open the books and the viability of the business is in serious risk (it is about to go into bankruptcy or is already there). The company I ...
by goldendad
Tue Apr 14, 2020 9:45 pm
Forum: Investing - Theory, News & General
Topic: What in the world is propping up this market?
Replies: 214
Views: 22300

Re: What in the world is propping up this market?

The discounting of future earnings.
by goldendad
Sun Mar 22, 2020 11:11 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 366
Views: 33021

Re: How much you lost/gain since Feb 20,2020 ?

Down 1.5 mil. Bought some at S&P500 down 10% and down 30%. Will probably buy more if it goes down 40% and 50%.
by goldendad
Wed Mar 11, 2020 9:44 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4089
Views: 324591

Re: Coronavirus and the market

It will be interesting to see if Warren Buffett does anything during this pullback.
by goldendad
Wed Feb 05, 2020 5:20 pm
Forum: Investing - Theory, News & General
Topic: Why are you holding bonds
Replies: 161
Views: 12036

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: 2474

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: 67
Views: 12158

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: 5191

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...
by goldendad
Sat Dec 28, 2019 11:09 pm
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5514

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: 14921

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: 142
Views: 36425

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: 661
Views: 94306

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: 4978
Views: 1315451

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: 8683

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: 11762

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: 659

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: 5173

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: 7969

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: 167
Views: 21902

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: 4871

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: 5410

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: 22373

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.