Search found 2806 matches

by unclescrooge
Thu Jan 17, 2019 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 31
Views: 2653

Re: Zelle Fraud? But how? What now?

Excuse my ignorance, but what is Zelle? It's a silly thing that Millennials use to split a $32.67 snack bill among 4 people. First, one of them pays $32.67 at the restaurant. Next, each of the three others 'Zelle' the original payer this amount $8.16 (because 32.67 / 4 = 8.16). Then, the original p...
by unclescrooge
Thu Jan 17, 2019 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 31
Views: 2653

Re: Zelle Fraud? But how? What now?

To me, Zelle is a giant security risk for not much added value. I am not gonna Zelle someone $5,760 payment. And paying someone $21.57 in Zelle is just wasteful. I will just pay them cash, or next time, I will pay for a bill. Writing a check is just as insecure. Going to the back to get cash is a w...
by unclescrooge
Thu Jan 17, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 31
Views: 2653

Re: Zelle Fraud? But how? What now?

Excuse my ignorance, but what is Zelle? It's a silly thing that Millennials use to split a $32.67 snack bill among 4 people. First, one of them pays $32.67 at the restaurant. Next, each of the three others 'Zelle' the original payer this amount $8.16 (because 32.67 / 4 = 8.16). Then, the original p...
by unclescrooge
Wed Jan 16, 2019 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 163
Views: 8688

Re: Why are your NOT buying rental properties?

why are you not buying rental properties? I would be interested if you can share some properties in my area of Atlanta that have numbers like what you presented. Forget just Atlanta, if you can post deals with similar numbers in any major city (500k+ population, positive job growth) I will l partne...
by unclescrooge
Wed Jan 16, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 77
Views: 4311

Re: Any thoughts on the role of Gold in your portfolio?

Portfolios with a 10-20% allocation to gold over the last 48 years have done well. Whether this will play out in the future is a different matter. That being said, I hold no gold in my investment portfolio. We do hold some physical precious metals as an insurance policy against the unknown. There a...
by unclescrooge
Wed Jan 16, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 13
Views: 917

Re: finding a good plumber

I hate to say this...but finding good vendors for home reno work, I've found that if you educate yourself on the subject, then you know whether you are getting taken or not. Plus, get multiple quotes. I love DIY stuff and have rental houses and a full time airbnb. So I spend a ton of time on youtub...
by unclescrooge
Wed Jan 16, 2019 2:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 56
Views: 3930

Re: Mortgage: 15 vs 30 year

I second the vote for a 7 or 10 year ARM. When I bought my starter home I knew I'd only be in it for 5-6 years. I locked into an incredibly low 7 year ARM rate and sure enough 4.5 years later we sold and moved. It made sense for us, and if you're confident you'll only be there for 8 years, I'd sugg...
by unclescrooge
Wed Jan 16, 2019 12:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 67
Views: 8114

Re: Vanguard will use blockchain to share index data

...I understand that. But my question is if bitcoin is an implementation of blockchain, but you can create as many implementations of the block chain as you want, why would bitcoin have value... That's in fact a problem, and it's why you have Bitcoin, Litecoin, Swiftcoin, Namecoin, Peercoin, Dogeco...
by unclescrooge
Wed Jan 16, 2019 12:06 am
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 161
Views: 7998

Re: Are You Dumping Netflix?

KyleAAA wrote:
Tue Jan 15, 2019 7:40 pm
No, I wouldn't dump them if they tripled the price. I get a ton of value out of their service.
They're worth at least $20/month to me. Maybe 3x...
by unclescrooge
Tue Jan 15, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10062

Re: Millionaire by 40 and How you Did it?

I also met my DW when I was 31 and we got married when I was 35. We had our first kid a couple of years later. Both DW and I went to "cheap" state universities and had no debts from our education. We had decent jobs and were good at postponing gratification. Except for nice vacations, we lived belo...
by unclescrooge
Tue Jan 15, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10062

Re: Millionaire by 40 and How you Did it?

It is not as hard as you think. My family and I immigrated to the U.S when I was 8 years old. Both my brother and I became a millionaire before 40. Here is my story: - graduated from grad school in my late 20s during the Great Recession - had about 150 k in student loan debt - found a good paying c...
by unclescrooge
Mon Jan 14, 2019 1:04 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9535

Re: Did you ever "win" big?

What was his 2017 returns? Some people are delusional. There is a saying about there being 2 types of people. Those that lie to others and those that lie to them themselves. I didn't know who is worse. 2017 was a great year for me and I'm sure most people, though I admit I underperformed simple buy...
by unclescrooge
Sun Jan 13, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9535

Re: Did you ever "win" big?

I would urge anyone reading this thread to consider a few things I have observed about men, specifically, in their conversation with other men (I cannot really speak to the female gender case). Men pretty much always lie or exaggerate about certain things. My benchmark for this is my close friends,...
by unclescrooge
Sun Jan 13, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4173

Re: How do I stop jeans from ripping in the thighs?

Are we talking about a Bruce Banner type situation?

If so maybe getting jeans with a stretchable fabric might work.

Or just wear spandex.
by unclescrooge
Sun Jan 13, 2019 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: What is right place for MLPs in portfolios?
Replies: 20
Views: 1340

Re: What is right place for MLPs in portfolios?

PFInterest wrote:
Sun Sep 23, 2018 4:31 pm
My Little Ponies are best kept in taxable.
I thought my little ponies were best kept in a stable. :mrgreen:
by unclescrooge
Sun Jan 13, 2019 2:14 am
Forum: Investing - Help with Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 74
Views: 6681

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

At the other extreme, some argue that an international allocation is unnecessary. Mr. Bogle was very frank in his reasoning to avoid foreign stocks. He certainly knew what he was talking about on this one among many other things. Smart man. Just because someone is brilliant doesn't mean they can't ...
by unclescrooge
Sat Jan 12, 2019 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?
Replies: 74
Views: 6681

Re: Vanguards recommends investors to increase international (non-US) stock holdings to 40% ?

l1am wrote:
Fri Jan 11, 2019 6:19 pm
Past performance is not an indicator to future results - but how far do you take this?

US vs INTL

Image
Plot in a log scale and consider mean reversion.

And then rebalance into international stocks.
by unclescrooge
Sat Jan 12, 2019 11:36 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 62
Views: 7356

Re: pros and cons of target date funds?

What is wrong with target date funds? What are some cons for those who choose not to use them and why others who use them feel the pros outweigh the cons? I see a lot of investors utilizing multiple funds - the lists are long on these posts and I dont know one from the other vtsx this vtsy that- it...
by unclescrooge
Sat Jan 12, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4284

Re: Are REITs better to purchase when interest rates are high or low?

There is a big difference between choosing to work / because you want to, and having to work / because you must. I disagree with your RE investment analysis. If expenses such as insurance rise, so do rents (inflation - parts, labor, and rents are all prices on something, and prices slowly go up ove...
by unclescrooge
Sat Jan 12, 2019 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover - why checks instead of wiring funds?
Replies: 35
Views: 1420

Re: Rollover - why checks instead of wiring funds?

I would even be surprised if they actually mail the check to Vanguard. The protocol in the vast majority of cases is to make the check payable to Vanguard FBO your account and mail it to you for forwarding to Vanguard. Generally, the only time the rollover is electronic is if the Administrator/Reco...
by unclescrooge
Sat Jan 12, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Elliptical recommendation under 2k
Replies: 13
Views: 740

Re: Elliptical recommendation under 2k

I cant help with specific models, but will offer this: wait until July or August and check craigslist. About then, all the people who bought new exercise equipment as a new years resolution and used it 3 times will want it out of their spare room. +1 I bought mine on Craiglist for $200. I think it ...
by unclescrooge
Sat Jan 12, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4284

Re: Are REITs better to purchase when interest rates are high or low?

What about diversification? I would be terrified to own a property and then have a major repair. Repair costs are factored into your analysis. 5% repair 5% vacancy 8% property management cost (whether or not you manage yourself) of gross rents, if it still cash flows then you have a great investmen...
by unclescrooge
Fri Jan 11, 2019 2:26 pm
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9535

Re: Did you ever "win" big?

Yes. 40 years I met my wife, married her 38 years ago. Most who "won big" on a stock lost more on other stocks. I sold Amazon at $20 after years and years of waiting. That showed me to never invest in individual stocks again. +1 I had stock options that expired worthless in 2000. Replaced with RSUs...
by unclescrooge
Fri Jan 11, 2019 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 10943

Re: Biggest Investment Mistake

Chasing dividends back in the early 2000s. Eventually ended up investing in Canadian unit trusts (forget the name) and then the tax laws changed and they got massacred. Lost $50k. Lost $50k speculating in someone else's development deals. Lost $25k investing in someone else's web business. Lost $100...
by unclescrooge
Fri Jan 11, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10062

Re: Millionaire by 40 and How you Did it?

Finished residency at age 29. Worked in emergency medicine for above average compensation in a LCOL area. Saved over half of my income. Pretty simple formula. Funny how medicine works. You get paid above average wages in MCOL/LCOL areas, but below average in HCOL. My wife could make 50% more if we ...
by unclescrooge
Fri Jan 11, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10062

Re: Millionaire by 40 and How you Did it?

Born into a stable family that pushed me into a useful degree like engineering, and not art which was my first choice, and paid for undergrad. Paid for 1/3rd of engineering grad school too. I covered the rest through internships and jobs. Graduated into the tech recession, and found under paying job...
by unclescrooge
Fri Jan 11, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9656

Re: Disciplined with finances, but not so with diet

I lost 12lbs last year. Instead of focusing on cutting foods, I added an avocado and a can of black beans a day. The beans have a lot of fiber and the avocado a lot of fat. Both of which keep you full. This is a highly effective strategy. We just buy green avocados and let them ripen on the counter...
by unclescrooge
Thu Jan 10, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9656

Re: Disciplined with finances, but not so with diet

Any bogleheads any diet wisdom? I've always been disciplined with saving money but can't seem to apply the same discipline to my diet. I have tried weight watchers, Jenny Craig, beach body, keto, my fitness pal...I lack discipline and get hungry. Just this week I decided to start eating the same th...
by unclescrooge
Thu Jan 10, 2019 11:17 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9656

Re: Disciplined with finances, but not so with diet

I had an ankle injury 5 years ago that has diminished my ability to exercise. I saw a nutritionist who advised me that as a post-menopausal woman who can't do a lot of exercise, the chances of my losing weight and maintaining were pretty much nil. (I am usually at 7000-8000 steps per day, more than...
by unclescrooge
Thu Jan 10, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6052

Re: Building Wealth Through Home Equity--Myth or Reality?

When your house is your largest asset, it is often your only asset.
by unclescrooge
Thu Jan 10, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 45
Views: 3347

Re: ug - seeking medical billing advice for ambulance ride

Air ambulances are overutilized. I'm medical director of several fire departments, and I review every request for a helicopter. We have trauma and comprehensive stroke/cardiac centers <25 miles from nearly every part of each county where I'm medical director. The time savings for using a helicopter...
by unclescrooge
Wed Jan 09, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6492

Re: Child # 3 - seeking advice from older members

Sounds odd but almost waiting for the day my daughter becomes a teenager and shuts the door on my face to get some peace and quiet. I totally understand. It'll be a bitter sweet moment for me, and probably just a bitter moment for my wife. After the first kid, when my wife got pregnant again, we so...
by unclescrooge
Wed Jan 09, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6492

Re: Child # 3 - seeking advice from older members

This post is timely as my wife and I are debating having a third. Well, she's doing the debating and I'm just saying no. Between 2 kids (1.8 and 3.8 years old) and a dog, at least one of whom and sometimes two will wake up in the middle of the night, every single night for the past 4 years, at least...
by unclescrooge
Wed Jan 09, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Child # 3 - seeking advice from older members
Replies: 87
Views: 6492

Re: Child # 3 - seeking advice from older members

I went to a dermatologist today and he has 8 kids, make 3 kids seems small in comparison. The CEO of my employer has 12, 10 of which work for the company. He's worth well into 9-figures, just donated enough to have a new building at the local university named after him, and they still live in the r...
by unclescrooge
Wed Jan 09, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2001

Re: What are my options with the current mortgage?

surfstar, yes I live in a state/county where the SALT is in effect. Another reason I started looking into my options for prepaying. You're right around the point where a 15% decline in your mortgage balance will mean your itemizations are the same or lower than the standard deduction. I would do no...
by unclescrooge
Wed Jan 09, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: FYI: Yodlee sells your anonymized data to hedge funds
Replies: 7
Views: 755

Re: FYI: Yodlee sells your anonymized data to hedge funds

I don't care who sees my my truly anonymized data. I care a lot about who has the ability to log in to my various financial accounts. Given the rate of hacking I assume that signing up for one of these services is the same as turning all those identified individual data over to criminals. The minor...
by unclescrooge
Wed Jan 09, 2019 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?
Replies: 12
Views: 580

Re: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?

Your portfolio generates income via dividends and bond coupons. Usually greater than the 0.3% annual fee. In case there was not enough cash, they probably sold to rebalance your pottolio. I think you're over-reacting. Maybe it's time to cut the cord and self manage? Well, I am definitely a little e...
by unclescrooge
Tue Jan 08, 2019 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?
Replies: 12
Views: 580

Re: Vanguard Advisory Fee Options: Sell My Positions or Bill Me?

Your portfolio generates income via dividends and bond coupons.
Usually greater than the 0.3% annual fee. In case there was not enough cash, they probably sold to rebalance your pottolio.
I think you're over-reacting. Maybe it's time to cut the cord and self manage?
by unclescrooge
Tue Jan 08, 2019 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3114

Re: Preservation of capital at Age 93

Congrats on reaching 93 with more assets than than most people start retirement!!!

If you have no need for the money, and it's meant for your daughter, shouldn't it be invested based on her asset allocation?
by unclescrooge
Tue Jan 08, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: What are my options with the current mortgage?
Replies: 35
Views: 2001

Re: What are my options with the current mortgage?

What's stopping you from paying as if it was a 15 year mortgage?

If you pay $4,290 every month the mortgage will be fully paid off in 15 years. If you pay $5,912 it will be paid off in 10 years.

I don't understand why you sound so upset.
by unclescrooge
Tue Jan 08, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9849

Re: Are we at "Peak FI"?

As far as FIRE is concerned, yes the bull run made it possible. The lifestyle of frugality and high to extremely saving (20% to over 50% of gross income) is likely here to stay. I graduated University in 2008, the worst possible time for a new graduate and was underemployed for many years despite t...
by unclescrooge
Tue Jan 08, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9849

Re: Are we at "Peak FI"?

FIRE has always been here. The only thing remotely new is the acronym. What is new is that the internet allows small subsets of the population to connect easier and build a community. You get a 1000 people with a shared interest and you can get a lively message board going. A 10-15 year period of l...
by unclescrooge
Tue Jan 08, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9849

Re: Are we at "Peak FI"?

I'd like to second Gibby's sentiments. I'm a millenial who has lurked here for about 5 years and learned very, very much, but I'm always a little amazed at the lack of empathy from the older crowd here. Most of the people in the FIRE "movement" are bogleheadish, frugile kids who want to handle thei...
by unclescrooge
Tue Jan 08, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Dissolving Ric-E Trust
Replies: 56
Views: 7236

Re: Liquidating Ric-E Trust

How unfortunate for your mother. And as you know she meant well for you. I dug this up, so I can see anyone falling for it back then. It turned out to be a period of excess in the markets. http://www.washingtonpost.com/wp-srv/business/talk/transcripts/singletary/singletary072799.htm The old article...
by unclescrooge
Tue Jan 08, 2019 12:00 am
Forum: Personal Consumer Issues
Topic: How did store know what exact coupons to mail me?
Replies: 23
Views: 2251

Re: How did store know what exact coupons to mail me?

Thanks for the responses! But I think the store knows what you bought with a credit card and who the credit card belongs to. Still don't see how they got my address; my name is not uncommon in the metro area I live in. Based on your name and zipcode it's easy to find your address and they already k...
by unclescrooge
Mon Jan 07, 2019 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Employee Share Purchase Plan - New benefit
Replies: 16
Views: 679

Re: Employee Share Purchase Plan - New benefit

Nate79 wrote:
Mon Jan 07, 2019 6:41 pm
Nope. The 1 year holding period would have me at a hard pass.
+1
by unclescrooge
Mon Jan 07, 2019 8:56 pm
Forum: Investing - Theory, News & General
Topic: A cursory look at valuations
Replies: 19
Views: 1598

Re: A cursory look at valuations

Valuing stocks based solely on P/E makes as much sense as determining you health only by taking your temperature. There are a lot more factors to be considered. Yes!. Like the ever important interest rates, which are at vey low levels. What else you have in mind? Kindly elaborate. H :greedy When I ...
by unclescrooge
Mon Jan 07, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: How did store know what exact coupons to mail me?
Replies: 23
Views: 2251

Re: How did store know what exact coupons to mail me?

The CC company doesn't have to hand over any information. The CC has your name on it, and they could use the cc number as a unique identifier, if you're not already using your phone number or rewards program. Based on your name and zipcode it's easy to find your address and they already know what yo...
by unclescrooge
Sun Jan 06, 2019 8:47 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3065

Re: Thoughts on Buying a Ryan Home?

While I can't speak to the quality of homes, if the same parent company is building homes in your area, I would expect there to be overlap in the subs.

And the workmanship depends on which subs are hired.
by unclescrooge
Sun Jan 06, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help me choose a co-op buyer!
Replies: 11
Views: 1187

Re: Help me choose a co-op buyer!

Do you know anyone on the board you can ask?