Search found 380 matches

by meowcat
Wed Oct 03, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6339

Re: Enjoying your money before retirement

Rental real estate investing (active and passive) pays me today in tax free income which I use to enjoy life NOW, tomorrow, next week, and next year. Not some arbitrary hope in the future. Real estate investing. Hmmm. Sounds great, count me in! Oh, wait a minute, can you explain how you receive tax...
by meowcat
Thu Sep 06, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: returns for the next decade
Replies: 40
Views: 4293

Re: returns for the next decade

It's anybody's guess. Keep in mind, however, that traditionally, when markets are high and going ever higher, future returns tend to be lower. When markets tank and the economy seems to be sinking, future returns tend to be higher.
by meowcat
Mon Jul 23, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 17157

Re: New book based on Millionaire Next Door

I can sum up The Millionaire Next Door in just 4 words:
It changed my life.
by meowcat
Thu Jul 12, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner meeting
Replies: 17
Views: 2071

Re: Financial Planner meeting

I have 3 basic tests for a financial advisor/planner: 1) Are you a fiduciary, and are you acting as a fiduciary on my behalf? (correct answer yes) 2) How are you paid? (correct answer fee only or flat fee) 3) How many products are in a typical managed portfolio? (I prefer less than 10) I find that ...
by meowcat
Sat Jun 09, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: $1M Question
Replies: 38
Views: 5192

Re: $1M Question

what tickers should I throw money at given that I intend to hold it forever--- and more importantly, what is the correlation between this monkey dart approach to picking stocks that are "GRAS--- generally recognized as safe" No one knows the answer to that question, including Warren Buffett. On the...
by meowcat
Mon Jun 04, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18578

Re: Top Shelf Liquor Overrated?

Once a brand becomes "the latest and the greatest" the quality is sure to suffer. A recent example in my experience is Angel's Envy bourbon, which is aged in port wine barrels. I received a bottle as a gift a few years ago and found it to be a pleasant bourbon to drink neat. According to my local l...
by meowcat
Fri Apr 13, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 5516

Re: realtor wants to show house to buyer, no listing agent for me

This is exactly how we sold our house!! We advertises it FSBO and we had a buyers agent call us and asked if she could bring her client by for a viewing. We told her we did not want to list with an agent. She said she represented a buyer and just wanted a viewing. We set up the appointment, the buye...
by meowcat
Fri Mar 30, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Converting 401k roth into regular roth
Replies: 11
Views: 1162

Re: Converting 401k roth into regular roth

I heard this bit of information and I wasn't sure if it was right. Pretty sure I can find someone on this board to confirm or deny this. Part of my wife's 401k is invested in her 401k Roth (with Fidelity). We also have separate Roth accounts with Vanguard. I heard that when you start taking RMD's a...
by meowcat
Tue Mar 20, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 148
Views: 14094

Re: What is your favorite reasonably priced bourbon?

I'm always looking for a good bourbon. I've narrowed my favorites down to Woodford Reserve and Knob Creek. Several years ago, on my journey to finding my favorite bourbon, I discovered scotch. I asked myself, "why am I still looking for a good bourbon?" I still drink bourbon now and again but my go-...
by meowcat
Sat Mar 17, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 35058

Re: Those with high savings rate: why?

Although I could easily afford one, A new Mercedes in my driveway just isn't worth what that money might buy me in the future.
by meowcat
Sat Mar 17, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Techniques in helping other with poor money skills
Replies: 27
Views: 2745

Re: Techniques in helping other with poor money skills

I have my own thoughts on this. Let's be clear, it's not an educational problem. Any 5th grader can learn personal finance in an afternoon. It is a psychological problem. It requires psycho therapy, not an education. Almost everyone knows and understands "live beneath your means" but few are able to...
by meowcat
Thu Feb 22, 2018 1:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 511
Views: 58050

Re: Post your Financial Milestone Announcements Here

Hi, Bogleheads. First, let me start off by saying that I have been saving in a 401K since I was 23. My DW has done the same since I met her 23 years ago. Together, we earn a decent living but neither of us has ever earned a six figure salary. I'm 54, my Wife, 52. Back in 2001 we bought too much hous...
by meowcat
Thu Feb 15, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 6164

Re: Gut check: is this lifestyle creep?

This is just my opinion but if you are saving 30% of your income and continue to do so in the future, lifestyle creep is irrelevant. +1 I would not call it lifestyle creep if it does not impact savings rate negatively and does not impact ones financial stability. You might agree that it is irreleva...
by meowcat
Wed Feb 14, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 65
Views: 4887

Re: Is This Action by Megacorp Legal?

michaeljc70 wrote:
Wed Feb 14, 2018 11:39 am
Another reason I would never leave my 401k at an employer.
Which confuses me even further. The OP said that his friend had rolled over his 401k to the same investment firm that holds his TIRA. Why would his employer have anything to do with the rolled over 401k? Am I missing something?
by meowcat
Wed Feb 14, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 6164

Re: Gut check: is this lifestyle creep?

This is just my opinion but if you are saving 30% of your income and continue to do so in the future, lifestyle creep is irrelevant.
by meowcat
Fri Feb 09, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 15001

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

J295 wrote:
Fri Feb 09, 2018 11:07 am
I’ve seen this movie before and I know how it turns out.
No, this time it's different! :happy
by meowcat
Mon Jan 29, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Thinking About Timing the Market
Replies: 75
Views: 7093

Re: Thinking About Timing the Market

So, here's what's going to happen: You get out right now and go to cash/cd's/bonds. 1. 6 months later the market continued to rise and you question your decision to sell when you did but still feel that you made the correct choice. 2. Another 6 months go by and the market, again, continues to rise. ...
by meowcat
Tue Jan 16, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: Any thoughts on The Aurora Report? [Arora Report]
Replies: 54
Views: 16778

Re: Any thoughts on The Aurora Report? [Arora Report]

larryslocum1982 wrote:
Sun Jan 07, 2018 11:35 pm
Cramer is rich but he is sharing his knowledge.
Cramer is a closet indexer.
https://www.marketwatch.com/story/jim-c ... 2014-06-26
by meowcat
Mon Jan 15, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 53
Views: 5621

Re: A "Home" cell phone?

We need a dedicated land line for our security system. Otherwise, we wouldn't have one. Check to see if your security system can be upgraded to cellular service. ADT did that for me and only charged $100. It does NOT tap into my existing cell phone -- they have there own built-in cellular unit. I c...
by meowcat
Mon Jan 15, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 53
Views: 5621

Re: A "Home" cell phone?

We need a dedicated land line for our security system. Otherwise, we wouldn't have one.
by meowcat
Mon Jan 15, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5779

Re: Getting your spouse on the same page

We are definitely not on the same page about everything. I handle the long term investments/401(k)/IRA, while she handles the day to day cash flow into and out of our checking account. She is responsible for all the bills. She is not good with money, never has been. Whenever I want to talk to her ab...
by meowcat
Sat Jan 06, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 38
Views: 4983

Re: Is new car replacement insurance worth it?

I have new car replacement. Lucky for me because I just used it. My 3 month old Accord got totaled and my insurance bought me a brand new carbon copy. I didn't pay extra for it, though, it was included in my policy. I'm quite sure you did pay for it. Of course I paid for it, I just didn't pay "extr...
by meowcat
Fri Dec 29, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out retirement accounts
Replies: 55
Views: 4970

Re: Maxing out retirement accounts

401K and IRA are not retirement accounts. You could access the money before retirement age. They are tax management tools. KlangFool I have to disagree with you on that. 401(k) and TIRA's are in fact retirement accounts. The early withdrawal penalties are in place for a reason, they're retirement a...
by meowcat
Thu Oct 12, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 5684

Re: 10 year anniversary of the beginning of the Great Recession

I made most of my money during the crash, I just didn't know it at the time.
by meowcat
Sat Sep 16, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: Howard Marks on Passive Investing
Replies: 16
Views: 3664

Re: Howard Marks on Passive Investing

There is one thing index investors should never forget. In this world of investment opportunities, index investing gives us the greatest odds of reaching our goals.
by meowcat
Sat Sep 16, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 23312

Re: Let's talk about your FI # and family income

saveinvestbecomefree wrote:
Fri Sep 15, 2017 1:08 pm
I agree with others that income is not the relevant factor, expenses are.
In the draw down phase, this is true. During the accumulation phase, income is everything.
by meowcat
Wed Sep 13, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Herd mentality
Replies: 40
Views: 2628

Re: Herd mentality

You're right I actually have no idea how they are really doing but they have a nice house and lots of bravado. You never know who your neighbors really are until you know. This is very important. You said it yourself, you just don't know. Many, many folks just like them (or appears to be like them)...
by meowcat
Fri Sep 01, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "75 Must-Know Statistics About Long-Term Care"
Replies: 31
Views: 5897

Re: Christine Benz: "75 Must-Know Statistics About Long-Term Care"

With statistics like this, why do so many Bogleheads frown on LTC insurance?
by meowcat
Tue Aug 29, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Absolute noob when it comes to investing needs advice
Replies: 80
Views: 6179

Re: Absolute noob when it comes to investing needs advice

ok, heres a question on specific calculations i made and i would like to hear where i am going wrong here. Being clueless about what i'm doing, asking where what i am calculating/theroizing goes wrong will help me understand some things that are confusing to me. Also what fees i would incur if sell...
by meowcat
Fri Aug 18, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 12313

Re: When does renting make sense

We paid a mortgage for 31 years in two different cities. All it ever did was drain our bank account and make us poor. Renting has made us whole again.
by meowcat
Fri Aug 18, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 14374

Re: Anyone planning on never retiring?

Life gets in the way, sometimes throwing all plans out the window. I had a good friend with a very clear retirement plan. Trouble is, as he approached that target age of retirement, he found himself making more money than he'd ever made in his life and absolutely loved what he did. Needless to say, ...
by meowcat
Wed Aug 02, 2017 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82766

Re: How much money do you need to retire?

Me: 54. DW: 52. Would like to see 1.5mm - 2.0mm. We are on track if we work until 67.
by meowcat
Tue Aug 01, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Buying a 2017 Lexus ES 350
Replies: 27
Views: 3804

Re: Buying a 2017 Lexus ES 350

2017 ES350 owner, here. I like it. It's quite comfortable, quiet, silky smooth, velvety luxurious, and pretty reliable. If there were one thing I would complain about, it would be the fact that it's not that fun to drive. Don't get me wrong, the car does exactly what it's supposed to do, which is co...
by meowcat
Tue Aug 01, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: Who's Responsible?
Replies: 23
Views: 1973

Re: Who's Responsible?

Thanks for the feedback, Gentlemen, I appreciate it. :happy
by meowcat
Tue Aug 01, 2017 7:49 am
Forum: Personal Consumer Issues
Topic: Who's Responsible?
Replies: 23
Views: 1973

Re: Who's Responsible?

Never mind. Let's try this one more time. The USPS lost my package they claim got delivered. It it my responsibility to chase down the missing package or is it the senders responsibility? How hard can it be? Forget Amazon. Forget the refund.
by meowcat
Tue Aug 01, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Who's Responsible?
Replies: 23
Views: 1973

Re: Who's Responsible?

Thanks. Aside from the fact that I have my refund from Amazon, I'm asking a simple question; Is it my responsibility to chase down a book that the USPS lost?
by meowcat
Tue Aug 01, 2017 6:52 am
Forum: Personal Consumer Issues
Topic: Who's Responsible?
Replies: 23
Views: 1973

Who's Responsible?

So, I bought a used book from Amazon.com. It wasn't an expensive book, costing less than $5. It was purchased through a third party seller on their site. USPS tracking shows the package delivered but I never received it. I checked with my neighbors and they don't have it. I contacted the third party...
by meowcat
Fri Jul 14, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 6798

Re: When to max out 401k (Aspiring Early Retiree)

If you ever hope to retire at 50, you absolutely must save as much as you can as early as you can. That's just simple math.
by meowcat
Fri Jul 14, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 38
Views: 4983

Re: Is new car replacement insurance worth it?

I have new car replacement. Lucky for me because I just used it. My 3 month old Accord got totaled and my insurance bought me a brand new carbon copy. I didn't pay extra for it, though, it was included in my policy.
by meowcat
Wed Jul 12, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3406
Views: 1014108

Re: What Book Are You Currently Reading? Part VI

Big John Grisham fan, here. I've read them all. Just finished The Whistler and Camino Island.
by meowcat
Mon Jul 10, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: The cost of car ownership
Replies: 51
Views: 4676

Re: The cost of car ownership

I just bought a brand new Accord. I'm a boglehead. The only reason I did it was because: 1. I drove my last car for 15 years and put 200k miles on it. Beginning to leak oil. 2. I plan on keeping my new car for the same 15 plus years. 3. I can afford it and still continue to max out mine and my Wife'...
by meowcat
Wed Jul 05, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 5159

Re: Expensive Car Repair, New Engine

Something doesnt add up Sure it does. The OP states that he bought the car "lightly" used. Unfortunately, there's no way for him to know for sure how it was maintained. I work in the business and I see lease returns all the time that have never had their oil changed. I've seen dealers retail used c...
by meowcat
Wed Jul 05, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 169
Views: 22106

Re: Are you finding any good values at Amazon anymore?

I don't do much buying on Amazon anymore. They used to be one of my favorite online retailers. Lately, though, they have become the worlds largest flea market. Too many third party sellers, peddling knock-off merchandise. I've been burned in the past purchasing items that were labeled original and i...
by meowcat
Thu Jun 15, 2017 12:58 pm
Forum: Personal Consumer Issues
Topic: Getting a Florida Sunpass
Replies: 14
Views: 2187

Re: Getting a Florida Sunpass

[/quote] Agreed. The net cost of the sunpass is zero, as they typically give a $5 credit.[/quote] Last time I bought a 5 dollar Sunpass I was expecting the credit but I am pretty sure that I did not get it. I do like another poster's idea of Scotch Taping the thing to your windshield. I didn't think...
by meowcat
Wed Apr 26, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 37
Views: 21230

Re: Schwab Vs. Vanguard?

Thanks for the info.
by meowcat
Wed Apr 26, 2017 6:23 am
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 37
Views: 21230

Schwab Vs. Vanguard?

I've been looking at Schwab's website, comparing costs between their index funds and Vanguard's, specifically, total stock market and S&P 500. There's a nice link on Schwab's site where you can compare costs with Vanguard funds. Something is amiss, however, as Schwab says Vanguard's TSM is 4 basis p...
by meowcat
Tue Apr 25, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 164
Views: 18067

Re: Ordering a Weber grill this week

Curse you guys! :happy Grill Grates are now on my wishlist. I'll give myself a week or so cooling off period before I place my order though. I'm considering only getting enough to cover half my grill as I think I would rather use the old grates to slow-cook items such as chicken at lower temps. Goo...
by meowcat
Tue Apr 25, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 164
Views: 18067

Re: Ordering a Weber grill this week

Jimmy. The "heat capacity" is why the Weber comes standard with these big thick massive cast iron grill grates. Each grate weighs 5lbs (?). So it holds the heat and will not cool off or heat up fast. That is also what the sear burner is all about. It is BIG burner that puts out a lot of heat. See h...
by meowcat
Tue Apr 25, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 164
Views: 18067

Re: Ordering a Weber grill this week

Meow. My Weber has a sear burner and three other burners. It gets to 600 degrees in about 10 minutes if I turn everything on and leave the lid closed. It is too hot to do steaks at that temperature, but it is great for pizza. I usually heat the grill to 400 degrees for cooking steaks and burgers. I...
by meowcat
Tue Apr 25, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Ordering a Weber grill this week
Replies: 164
Views: 18067

Re: Ordering a Weber grill this week

Now I am curious. Why use those aluminum grill mate things instead of the cast iron OEM grates from Weber. My Genesis came with great iron grates that do very good grill marks and let the oil and grease go down to the flame covers and burn. This is the way the grill was designed to work. The Weber ...