Search found 1526 matches

by Clever_Username
Fri May 29, 2020 2:15 pm
Forum: Personal Investments
Topic: Best place to put my cash right now
Replies: 11
Views: 1715

Re: Best place to put my cash right now

Before I cashed out I was 90% stocks and 10% bonds; Now I am 60% money market and 40% stocks; I feel even bonds might go down now; Would something like VGIT (Treasury intermediate index) be better than putting in either money market (low return) or bonds (more volatility than treasury) What do you ...
by Clever_Username
Fri May 29, 2020 2:14 pm
Forum: Personal Investments
Topic: Am I panicking or being prudent?
Replies: 57
Views: 4903

Re: Am I panicking or being prudent?

https://imgur.com/1JOJp6B.png Take these curves for what they're worth. Morningstar uses them as benchmarks for target-date funds, they use a similar methodology to target-date funds, and most actual target-date funds fall somewhere in between their "conservative" and "aggressive" curves. I persona...
by Clever_Username
Fri May 29, 2020 9:48 am
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 92
Views: 6330

Re: The "Best of" for Aldi?

Also have to chime in for the "Aisle of Shame". I've gotten many legitimately good products from there. Can opener. Winter boots. Dish drying rack. Some pots & pans. Gardening pots & tools. I have never heard the term aisle of shame but I can picture it by what you're referencing finding there. Why...
by Clever_Username
Thu May 28, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you change passwords on your investment accounts?
Replies: 42
Views: 2668

Re: How often do you change passwords on your investment accounts?

I don't see the point in doing so. The long-term standard of 89 day changes, with upper lower special symbols and so on, isn't all that great. I think the last time I changed my password at Vanguard was when they put the better character limit. So... whenever I was last able to set CorrectHorseBatte...
by Clever_Username
Thu May 28, 2020 4:36 pm
Forum: Personal Investments
Topic: 30 year investor - never understood Dividend hoopla
Replies: 20
Views: 1356

Re: 30 year investor - never understood Dividend hoopla

Imagine being an investor 70 years ago. Index mutual funds were rare, if you even knew about them. If you wanted to buy a stock, you had to buy a large amount -- and pay a hefty commission to do so. If your plan was to use the money in the stock to help pay for retirement, you needed a way to get so...
by Clever_Username
Thu May 28, 2020 2:01 pm
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 1844

Re: Have you been following your IPS?

Yes, although I changed it slightly. I had written that I would re-balance by buying bonds, starting at taxable. My IPS forgot that stocks can decrease too! So I adjusted it by saying I would re-balance, and I have drafted more specific rules. In the meantime, all my tax-advantaged space is 100% sto...
by Clever_Username
Thu May 28, 2020 12:44 pm
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 92
Views: 6330

Re: The "Best of" for Aldi?

minesweep wrote:
Thu May 28, 2020 12:37 pm

P.S. I've been going to Aldi's since way back in the 1990's. IMO they have the fastest checkout registers.
Large barcodes at several spots on the products help.
by Clever_Username
Thu May 28, 2020 11:13 am
Forum: Personal Investments
Topic: Mega Backdoor Roth- Voluntary After-tax 401(k)
Replies: 9
Views: 515

Re: Mega Backdoor Roth- Voluntary After-tax 401(k)

David Jay wrote:
Thu May 28, 2020 9:07 am
That could be quite a list. You didn’t even mention your industry.

Perhaps this is something to ask each prospective employer as part of your interview process?
Is it not standard practice to ask about 401(k) plan details as part of the interview process?
by Clever_Username
Thu May 28, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard and Fidelity investors stay the course
Replies: 5
Views: 744

Re: Vanguard and Fidelity investors stay the course

Well, I did learn that here. In 2008 I was barely invested, but I didn't sell, in part because I'm not sure I knew how.
by Clever_Username
Thu May 28, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 92
Views: 6330

Re: The "Best of" for Aldi?

I thought of something else: Aldi brand Diet Coke is surprisingly good. I might prefer it to regular Diet Coke, but not as much as varieties of Coke-brand Coke Zero. They had a fantastic beer i cant remember the name currently. Have you tried that? Yes, fantastic beer does tend to have this effect.
by Clever_Username
Wed May 27, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: "The stocks are up but the economy's down"--good "Indicator" podcast episode
Replies: 20
Views: 2790

Re: "The stocks are up but the economy's down"--good "Indicator" podcast episode

For example, about two thirds of the US economy's production is consumed domestically. I may or may not be a typical producer and consumer, but nobody, except potentially a spouse, can buy stock in me. Off topic but I've always thought it's odd that you can't invest in people. I'm sure a lot of peo...
by Clever_Username
Wed May 27, 2020 10:29 am
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 107
Views: 11064

Re: This article is scaring me. [Roubini predicting depression]

Robot Monster wrote:
Wed May 27, 2020 10:18 am
Clever_Username wrote:
Wed May 27, 2020 9:52 am
There's a lot of panic porn out there today.
I have a panic porn stash. Here are some of my favorite titles (May edition):
Thanks I love it.
by Clever_Username
Wed May 27, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: 40m Unemployment Claims - I Don’t Understand Why Markets Seem To Not Care
Replies: 86
Views: 9607

Re: 40m Unemployment Claims - I Don’t Understand Why Markets Seem To Not Care

“Nothing can basically stop America,” said Warren Buffett, chairman and CEO of Berkshire Hathaway, at the conglomerate’s first virtual shareholder’s meeting on Saturday. “The American miracle, the American magic has always prevailed and it will do so again.” This whole post was amazing; thank you. ...
by Clever_Username
Wed May 27, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: How can I use 6 weeks of vacation in the next 6 months in the Covid era?
Replies: 37
Views: 3254

Re: How can I use 6 weeks of vacation in the next 6 months in the Covid era?

If you want to get away, my favorite vacation spot in California is Palm Desert. It's very inexpensive this time of year and has great weather, great golf (also inexpensive this time of year), and lots of great places to go. I went out there a little over a week ago and will go again in a few weeks;...
by Clever_Username
Wed May 27, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 107
Views: 11064

Re: This article is scaring me. [Roubini predicting depression]

There's a lot of panic porn out there today. Like the "romantic" variety, it bears little semblance to reality and should not be used to guide your actions.

I fall for it periodically too.
by Clever_Username
Wed May 27, 2020 9:52 am
Forum: Personal Consumer Issues
Topic: The "Best of" for Aldi?
Replies: 92
Views: 6330

Re: The "Best of" for Aldi?

gailwinters wrote:
Tue May 26, 2020 9:48 pm
We love their frozen scallops. They’re easy to thaw and cook, they’re a good size and the texture is excellent.
Yes! Fantastic choice.

I'll add their ice cream (various flavors) and their Winking Owl wine (I particularly like shiraz).
by Clever_Username
Wed May 27, 2020 9:10 am
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 232
Views: 17596

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

Stop playing, to me, doesn't mean not to invest it. Let's say you're in your mid-40s (note: I wrote this before the recent post in this thread that has someone in that age group) and have reached 25X projected retirement expenses in savings. Let's say that, for whatever reason, you plan to continue ...
by Clever_Username
Tue May 26, 2020 4:50 pm
Forum: Investing - Theory, News & General
Topic: Covid-19 Fears and Stock Market Behavior
Replies: 13
Views: 1133

Re: Covid-19 Fears and Stock Market Behavior

Economically, I suspect this disaster might be the easiest to get out of. It isn't like 2008 when the value of some real assets plummeted and no one was sure if they'd come back. If your business was showing signs of being viable (or better) three months ago, that seems like a great case for a bank ...
by Clever_Username
Tue May 26, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 88
Views: 4599

Re: does anyone have a subscription to youtube tv?

Yes, and it's fantastic. I can take my TV and TiVo with me when I travel (I take my computer anyway, so). The TiVo is infinite. Most of what I watch on live TV is sports (golf and football) and it works for them, and the one league I would be watching right now that isn't on them streams anyway (IFL...
by Clever_Username
Tue May 26, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12601

Re: Pandemic buys that have improved quality of life?

There was corned beef for the first time in ages. I only got two cans, but I seriously thought about hoarding it. I didn't even think of Corned Beef as a pandemic buy, but I have been noticing more and more. I'm about to make my fifth corned beef of the year -- most years I don't get past two. I go...
by Clever_Username
Tue May 26, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12601

Re: Pandemic buys that have improved quality of life?

There was corned beef for the first time in ages. I only got two cans, but I seriously thought about hoarding it. I didn't even think of Corned Beef as a pandemic buy, but I have been noticing more and more. I'm about to make my fifth corned beef of the year -- most years I don't get past two. I di...
by Clever_Username
Mon May 25, 2020 7:39 pm
Forum: Personal Investments
Topic: Maxed Out all Retirement Accounts, keep extra cash in savings or invest??
Replies: 5
Views: 965

Re: Maxed Out all Retirement Accounts, keep extra cash in savings or invest??

Do you have and/or want Series I Savings Bonds? There's another $20k/year with a weak tax break. The bonds that have passed the one-year mark are, in my mind, an important rung on my emergency plan, serving as something like an inflation-linked savings account.
by Clever_Username
Mon May 25, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12601

Re: Pandemic buys that have improved quality of life?

Conventional wisdom is to not use high end tequila in margaritas and mixed drinks. But as a tequila fan, I completely agree that an upgrade in tequila is worth it for margaritas. I think Casamigos is probably the perfect tequila for margaritas...good enough to make a difference but at a fairly reas...
by Clever_Username
Mon May 25, 2020 12:52 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12601

Re: Pandemic buys that have improved quality of life?

Pre-pandemic but useful during: indoor golf practice (incomplete, but it's a mat and a net and room to swing at least a utility metal), second refrigerator (primarily used for beer and ice cream). I also bought a bidet attachment a few years ago, never finished installing it, I think I took it when ...
by Clever_Username
Sat May 23, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 73
Views: 7359

Re: Hertz is declaring bankruptcy

Hertz filed Chapter 11, to reorganize their finances-----not to liquidate. They will keep operating while the bankruptcy moves through the court system. Yes. A friendly reminder to all that bankruptcy doesn't mean "company is kaput" but rather that they are reorganizing their finances. From Hertz t...
by Clever_Username
Fri May 22, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: WFH and taxes
Replies: 11
Views: 1404

Re: WFH and taxes

Even for those of us in one state, I wonder if deducting the home office will be more of a reality in 2020. I haven't ever taken that deduction in the past, but when this began, I did set aside part of my house to be primarily for work-related matters. I wonder if a lot more people will claim the h...
by Clever_Username
Thu May 21, 2020 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: WFH and taxes
Replies: 11
Views: 1404

Re: WFH and taxes

Even for those of us in one state, I wonder if deducting the home office will be more of a reality in 2020. I haven't ever taken that deduction in the past, but when this began, I did set aside part of my house to be primarily for work-related matters. I wonder if a lot more people will claim the ho...
by Clever_Username
Thu May 21, 2020 3:45 pm
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4077

Re: Assuming we start paying banks to hold our money (in the US)

My impression is that only LARGE accounts held by institutions get the negative interest rates while smaller retail accounts don't get negative interest rates. That is, I don't think that I will get negative interest rates, but I kinda hope so because then my bond funds should do rather well, shoul...
by Clever_Username
Thu May 21, 2020 2:25 pm
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4077

Re: Assuming we start paying banks to hold our money (in the US)

More and more, the 0% floor on Series I Bonds is looking like yet another advantage.
by Clever_Username
Thu May 21, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: In taxable, why are bond funds "discouraged" but not money market funds?
Replies: 17
Views: 1766

Re: In taxable, why are bond funds "discouraged" but not money market funds?

A money market fund, when used, is often in place of a savings account or for future expenses, where the ultra low volatility is the main goal. Whether or not bond funds are discouraged from taxable depends on many factors. I have far more bonds in taxable than stocks, even if you don't count my Ser...
by Clever_Username
Mon May 18, 2020 4:39 pm
Forum: Personal Investments
Topic: Governmental 457 safe?
Replies: 17
Views: 919

Re: Governmental 457 safe?

Huh, so if I understand this right, my employer (public, government) school 457(b) is very likely safe, even if the state government has financial trouble, and if it weren't, I could roll it to an IRA anyway? That almost seems too good to be true. It should be safe. You can roll to IRA if you have ...
by Clever_Username
Mon May 18, 2020 12:54 pm
Forum: Personal Investments
Topic: Governmental 457 safe?
Replies: 17
Views: 919

Re: Governmental 457 safe?

Huh, so if I understand this right, my employer (public, government) school 457(b) is very likely safe, even if the state government has financial trouble, and if it weren't, I could roll it to an IRA anyway? That almost seems too good to be true.
by Clever_Username
Sat May 16, 2020 8:41 pm
Forum: Personal Consumer Issues
Topic: purchased item from hacked eBay account
Replies: 12
Views: 936

Re: purchased item from hacked eBay account

I hope you paid through eBay.

If the seller, or anyone claiming to be the seller, tries to get you to pay outside of eBay, do NOT do it and report it immediately to eBay.
by Clever_Username
Fri May 15, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: What are your alternative plans this summer if it was travel?
Replies: 65
Views: 5338

Re: What are your alternative plans this summer if it was travel?

I was thinking of going to Phoenix this summer. I'm still considering it, but I have to figure out a few things -- how do out of state plates look to police during this crisis, will I be able to get a hotel room (and what to look for in one, or should I find another way to stay), will the golf be th...
by Clever_Username
Wed May 13, 2020 10:38 am
Forum: Investing - Theory, News & General
Topic: Experts say now is not the time to buy into index fund
Replies: 38
Views: 4521

Re: Experts say now is not the time to buy into index fund

Experts at selling overpriced stock advice and active funds always say this. The advice for buying specific sectors or companies that are needed during the pandemic seems to imply that the people at Goldman Sachs aren't aware of COVID-19. I don't want to take advice from experts who seem to believe ...
by Clever_Username
Wed May 13, 2020 10:35 am
Forum: Personal Consumer Issues
Topic: COVID - 19 things to do
Replies: 51
Views: 4132

Re: COVID - 19 things to do

As for me, work has gotten busier and is taking more of my time each week than it did before this pandemic. I have books I want to read, TV shows I want to watch, movies I want to watch, ... and I'm making near zero progress on those because work is taking up so much more time. But as far as problem...
by Clever_Username
Thu May 07, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Summer Intern Roth 401(k)
Replies: 16
Views: 538

Re: Summer Intern Roth 401(k)

My first deliberate investing for retirement was done via a summer internship 401(k). I didn't miss the money that summer, and it sat there for a few years before I even knew what I could do with it. That's a little fortunate since it was Summer 2008 in my case! However, I didn't even know how to ch...
by Clever_Username
Thu May 07, 2020 3:51 pm
Forum: Personal Investments
Topic: Getting more stocks after reaching my goal
Replies: 18
Views: 1205

Re: Getting more stocks after reaching my goal

There's a common question: what do you do after you've "won the game?" I think you and I reached different estimates of our future selves. For example, you may have heard that Warren Buffett has some money allocated for his wife to use, should he pass before she does. That money is allowed 90% stock...
by Clever_Username
Sun May 03, 2020 4:51 pm
Forum: Personal Investments
Topic: What would you invest 50K in?
Replies: 25
Views: 2431

Re: What would you invest 50K in?

I would invest half of it in my portfolio according to my desired asset allocation and then take the other half over to my friend Asadulah who works in securities... Just kidding, I'd invest all of it in my portfolio according to my desired asset allocation. If I suddenly had $50k post-tax cash righ...
by Clever_Username
Sun May 03, 2020 4:45 pm
Forum: Investing - Theory, News & General
Topic: Why doesn't Warren Buffett follow his own advice?
Replies: 15
Views: 2301

Re: Why doesn't Warren Buffett follow his own advice?

JoMoney wrote:
Sun May 03, 2020 12:07 am
Why doesn't Savannah James (wife of famed basketball player Lebron James) play in the NBA?
I love how great this question answers the original in a way everyone can picture. Bravo, well done.
by Clever_Username
Sun May 03, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16251

Re: Neighbor’s contractor wants to access our property

I have a question whose answer I might have missed. Do you know this is a licensed contractor? If so, have you confirmed the license? I ask because a bulk of what I know about home renovation comes from the excellent television show To Catch a Contractor , which I recognize is not a representative s...
by Clever_Username
Sun May 03, 2020 12:19 pm
Forum: Personal Investments
Topic: Is it bad idea to have dividend stocks in Taxable Account?
Replies: 20
Views: 2390

Re: Is it bad idea to have dividend stocks in Taxable Account?

Well, I think focusing on dividends is a bad idea anyway , but that's another conversation. What is best for you in taxable depends on your tax bracket and how where you live taxes various things. If you're in a low tax bracket and live in Tennessee, the dividends probably aren't an issue (caution: ...
by Clever_Username
Sun May 03, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10122

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

So I actually read Pfau's white paper explaining how he finds whole life insurance and annuities to improve upon buy term and invest the difference. "Optimizing Retirement Income by Combining Actuarial Science and Investments by Wade D. Pfau, Ph.D., CFA" In it, he describes his assumptions, which a...
by Clever_Username
Sun May 03, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10122

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

If the Great Depression II happens, and we have 30% unemployment for multiple decades, I'll be very happy just with a paid-off house, and food on the table. In that kind of scenario, I won't be crying about not going on vacations. If you practiced some form of prime harvesting like McClung advocate...
by Clever_Username
Sat May 02, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10122

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

If the Great Depression II happens, and we have 30% unemployment for multiple decades, I'll be very happy just with a paid-off house, and food on the table. In that kind of scenario, I won't be crying about not going on vacations. If you practiced some form of prime harvesting like McClung advocate...
by Clever_Username
Wed Apr 29, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10122

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I'm starting to wonder if Wade Pfau works for the Houston Astros, because there's this trash can he keeps banging on.
by Clever_Username
Wed Apr 29, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12702

Re: What explains the continued rise in equities?

This is a one time opportunity for plundering while Rome is burning. Definitely feels like it. We no longer have a so-called “free market economy.” The national debt is +24 trillion and rising. 26 million lost jobs to date. But, the “skies the limit” for the stock market. Interesting times to say t...
by Clever_Username
Wed Apr 29, 2020 5:17 pm
Forum: Personal Investments
Topic: UC system, pension or traditional 401k?
Replies: 30
Views: 1965

Re: UC system, pension or traditional 401k?

I need to look up the mechanics of doing the UC mega-backdoor, as I have already maxed out my 457 for the year and will max out my 403(b) very soon. It's actually pretty easy to do. It is best to set up a Roth with Fidelity if you don't already have one. After making after-tax contributions, you si...
by Clever_Username
Wed Apr 29, 2020 1:04 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12702

Re: What explains the continued rise in equities?

It was said elsewhere and I'll repeat it. The big drop was guessing, the rise is guessing. Professionals are pricing in the best information they have. Some people are pessimists and worriers and seek out views that tell them the world is ending. Others are optimists and seek out views that tell the...