Search found 1659 matches

by Nowizard
Fri Jan 18, 2019 10:47 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7315

Re: When would you stop being a Boglehead?

When the money I could make during a period of time exceeded the same amount of time required to monitor my portfolio by a substantial margin.


Tim
by Nowizard
Fri Jan 18, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Question:
Replies: 6
Views: 659

Re: TurboTax Question:

Livesoft: I suspect you are correct, but I was away from the computer with the TurboTax program. The difference is the age.Thanks for the responses.

Tim
by Nowizard
Fri Jan 18, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Question:
Replies: 6
Views: 659

TurboTax Question:

After uploading the Deluxe version of TurboTax, I noticed that the total for deductions was $26K+ rather than the $24K expected for filing jointly. Where does the extra amount come from? The personal exemption was eliminated, and I can think of nothing other than a bump due to being over age 65. Tim
by Nowizard
Thu Jan 17, 2019 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 82
Views: 7795

Re: 100% in VTSAX - Is it crazy???

Congratulations on being able to invest without concern for your results other than the obvious desire to maximize them! It sounds like investing is a hobby or a challenge for someone who is a risk taker, not the Boglehead approach. It is not crazy, but would be for many folks who were not as fortun...
by Nowizard
Thu Jan 17, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 157
Views: 5553

Re: My trend following strategy and experience

Interesting approach that is "non-boglehead," of course. I like those who are obviously intelligent and thoughtful that take a different approach, own it, but are not critical of those who take different approaches. Let us know how it turns out. Here's hoping you are one of those who do well with yo...
by Nowizard
Thu Jan 17, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 3876

Re: Any good reason to get a smartwatch?

Interesting comments about texting in the same household. We do not have children at home but are not tethered to our phones. In fact my spouse's phone is ringing now, and she is elsewhere. Certainly, texting in a household makes sense in many ways, however.

Tim
by Nowizard
Tue Jan 15, 2019 3:20 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 3876

Re: Any good reason to get a smartwatch?

Good points about specific uses.

Tim
by Nowizard
Tue Jan 15, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 3876

Re: Any good reason to get a smartwatch?

Many of the products are popular because they are trendy. What does a smartwatch give you that your phone does not? You can chart steps and a variety of other things on your iPhone if you go to the "Health" app. Alexa and similar devices are just useless to many of us older folks, though the iPhone ...
by Nowizard
Mon Jan 14, 2019 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3149

Re: Preservation of capital at Age 93

Wonderful and inspiring story. Congratulations. Two possibilities are to gift your daughter now, as has been mentioned and consider a simple portfolio such as the three-fund portfolio. Research suggests that a 20/80 stock/bond portfolio will outperform a 100% bond portfolio without extreme volatilit...
by Nowizard
Mon Jan 14, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: To buy new home or not
Replies: 17
Views: 1161

Re: To buy new home or not

It is not a need at the moment, but you are in a position to sort between a current "want" and what will quite possibly be a future "need." Financially, you can afford it, and you are becoming quite well established and have made an excellent start on preparing for a solid financial future. As such,...
by Nowizard
Sun Jan 13, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: What deductible for Comprehensive and Collision Insurance?
Replies: 34
Views: 1516

Re: What deductible for Comprehensive and Collision Insurance?

Tennessee has 20% uninsured drivers, and I suspect that Memphis is higher but the suburbs of Memphis are much lower. I'm not sure that makes a significant difference since we could afford to pay a higher deductible and are well-covered if we should have an at fault accident.

Tim
by Nowizard
Sun Jan 13, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: What deductible for Comprehensive and Collision Insurance?
Replies: 34
Views: 1516

Re: What deductible for Comprehensive and Collision Insurance?

Interesting and unanticipated responses for someone who could cover a high deductible but who has 250 Collision and 100 Comprehensive. Time to call our agent, it seems!

Tim
by Nowizard
Sun Jan 13, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: What deductible for Comprehensive and Collision Insurance?
Replies: 34
Views: 1516

What deductible for Comprehensive and Collision Insurance?

What is the average amount of collision and comprehensive deductible you have on your automobile(s)? What is the cost difference between different amounts, and how did you arrive at a balance between cost and coverage?

Tim
by Nowizard
Sat Jan 12, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Stay in private practice medical or take VA job offer?
Replies: 45
Views: 3617

Re: Stay in private practice medical or take VA job offer?

Your comment about not uprooting family suggests that a balanced life is important to you. If that is the case, then maximization of income may not be as significant for you as for many others since your training assures a solid income. Working for the VA is likely to provide job stability, though y...
by Nowizard
Fri Jan 11, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13910

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

No secrets, and no feeling of having sacrificed. When you grow up with little in the way of physical things but with parents who were frugal by necessity but balanced in their perspective of never seeing themselves as having less than others, you develop an awareness that your adult finances are not...
by Nowizard
Wed Jan 09, 2019 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: How do I buy gold?
Replies: 55
Views: 3593

Re: How do I buy gold?

If purchasing gold, bullion coins, consider renting a safety deposit box at your bank or credit union for about $75-100 annually rather than using a safe unless you already have one or have a gun safe that weighs over 500 pounds. Using a bank means you don't have the expense of a safe purchase or th...
by Nowizard
Tue Jan 08, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 12636

Re: Recommendations for a 9mm handgun

Guns are like cars, they run from basic to deluxe, and you are getting responses about the best guns which you will find are expensive. If a first time gunowner, you might be well served by purchasing a used pistol at a pawn shop or gun store. I have owned several guns and think that a 9mm Ruger is ...
by Nowizard
Sat Jan 05, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: Need Recommendation for Paint Color
Replies: 27
Views: 1273

Re: Need Recommendation for Paint Color

We are selling our home and recently painted. Our Realtor, a very experienced one, says grey continues to be popular, as you mentioned, but the "new" approach is pure white in local homes and the annual home show. Our house had beige and off-white trim, so pure white would require trim to be painted...
by Nowizard
Sat Jan 05, 2019 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Recent large raise and would appreciate some guidance
Replies: 29
Views: 2081

Re: Recent large raise and would appreciate some guidance

No real financial comments, just a huge thumbs up for your success. I'm sure your family is extremely proud of you. You are also starting to invest early and will be able to make a huge change in your life forever with compounding and sensible decisions. Great for you and your immediate family. Your...
by Nowizard
Sat Jan 05, 2019 8:04 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX vs VWLUX
Replies: 7
Views: 882

Re: VWIUX vs VWLUX

Are you over thinking this? You have what sounds like a conservative allocation, and no one knows what will actually happen in the market. Unless the new investment amount is a significant percentage of your overall portfolio, will a few basis points be significant? Great to seek advice from this wo...
by Nowizard
Sat Jan 05, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4043

Re: How old is too old to buy a house?

Sometimes, it takes one person a longer time than another to realize a dream! As we age, hopefully, our needs shrink and we can focus more on our "wants." As a 76 year-old, married, empty nester, my wife and I are preparing to sell our current home and purchase another right now. Many say to move in...
by Nowizard
Sat Jan 05, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7326

Re: Engagement Ring (Affordable)

You can also find an independent diamond merchant who has a strong reputation and who will match any price. For example, there is one in our area of Tennessee who cuts his own, sells mainly by word-of-mouth and matches prices. He has a nice website at dorondiamonds.com. There are others, so not nece...
by Nowizard
Fri Jan 04, 2019 8:13 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7326

Re: Engagement Ring (Affordable)

This is not a romantic approach but there are people out there with broken engagements who advertise the sale of their ring. The diamond could be reset for those who are not superstitious and feel that their love will overcome the history of the stone. Not for everyone and may fall into the same cat...
by Nowizard
Fri Jan 04, 2019 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Three Fund portfolio January 2, 2019
Replies: 11
Views: 1727

Re: Three Fund portfolio January 2, 2019

Unless I missed something, the poster would also receive benefit from TLH if any funds are in taxable accounts, though there would be the requirement of considering the concept of equivalent funds with the exchanges.

Tim
by Nowizard
Fri Jan 04, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: Just what is long-term investing?
Replies: 13
Views: 773

Just what is long-term investing?

In down markets there are posts on how to respond that reflect immediate concern while others are pleased. The differences are often based on whether the poster is a shorter-term, older investor or a younger one. There are probably differences among investors in defining what "long-term investing" m...
by Nowizard
Wed Jan 02, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Does Buyer ever Lose on eBay?
Replies: 36
Views: 2231

Re: Does Buyer ever Lose on eBay?

We have probably bought 30 items from eBay over the years in the range of $50-500. We have not returned any items or found them inappropriately described. The only issue we have had is when a seller accepts only Paypal which we do not use, but even then an email to the seller resulted in use of a st...
by Nowizard
Wed Jan 02, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8288

Re: Your ideal home size

We are empty nesters in a 5,000 sq. ft. home that we will sell this spring to downsize. The size is nice when family comes for visits, and we pretty much live downstairs the rest of the time. It is far too big, of course, but it does not represent an investment that is larger than many smaller homes...
by Nowizard
Wed Jan 02, 2019 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Plan for what to do with life insurance
Replies: 17
Views: 676

Re: Plan for what to do with life insurance

Consider the facts that are pertinent to the decision such as family health history, current income vs. expenses, number of children and plans for others, job stability, etc. and purchase term insurance to cover various scenarios. For example, if your wife has significant health problems, then the i...
by Nowizard
Wed Jan 02, 2019 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Calculating Annual Stock Returns Question
Replies: 3
Views: 157

Re: Calculating Annual Stock Returns Question

We do it two ways: 1. Taking all invested assets, including bank accounts, and comparing changes for total assets on December 31 of each year, and 2. Comparing total returns for invested assets only from December 31 of each year. The first is the significant one for us in that it is largely a net wo...
by Nowizard
Wed Jan 02, 2019 9:45 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2299
Views: 399799

Re: What are you up YTD? [Year To Date]

down 4.6% at end of year.

Tim
by Nowizard
Wed Jan 02, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3060

Re: Any reason for optimism?

If you believe in the adage that the market does not like uncertainty, then being optimistic would be defined differently by some over others based on time. Economics are still good but seem to be declining somewhat while remaining at generally substantial levels. That provides some uncertainty, but...
by Nowizard
Fri Dec 28, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7238

Re: What was your best investment in 2018?

Taking a chance with Amazon and rebalancing to Short Term Investment Bond Index. Overall, a negative return in our portfolio, though.

Tim
by Nowizard
Thu Dec 27, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Ticket for speeding
Replies: 66
Views: 5361

Re: Ticket for speeding

In some jurisdictions, often small towns, the police do not report speeding tickets to insurance companies. If so, just pay it. Unless it was a large enough infraction to be charged as Reckless Driving or something similar, you can probably just pay the ticket without going to court. Your choice dep...
by Nowizard
Wed Dec 26, 2018 11:19 pm
Forum: Investing - Theory, News & General
Topic: Now is the time to REJOICE!
Replies: 102
Views: 11636

Re: Now is the time to REJOICE!

Nor should people assume that because it is a time for them to rejoice that all feel that way. That is the point.
Tim
by Nowizard
Wed Dec 26, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal phase - Monthly vs Annually in Retirement?
Replies: 28
Views: 2539

Re: Withdrawal phase - Monthly vs Annually in Retirement?

As usual, Livesoft makes a good point, but some of us have a more compressed time frame, having to withdraw annually due to being in the MRD stage. We make different choices based on spending needs and rebalancing decisions.

Tim
by Nowizard
Wed Dec 26, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: What do you do with your down payment money?
Replies: 36
Views: 2625

Re: What do you do with your down payment money?

Dumbly, put it briefly in 500 index and sold it a couple of days ago after a loss. This made more painful by a son who bought 500 index on Christmas Eve. Made the sale for TLH which is logical, but always to the "What ifs," too.

Tim
by Nowizard
Wed Dec 26, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Now is the time to REJOICE!
Replies: 102
Views: 11636

Re: Now is the time to REJOICE!

For those of us in retirement who depend on more of a steady market, today is not a day to rejoice, but it is one to reflect that there are different stages of investing.

Tim
by Nowizard
Mon Dec 24, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: To TLH or not?
Replies: 1
Views: 167

To TLH or not?

Having extra cash, we invested a significant amount in the S&P 500 Index several months ago. It has dropped 16% since then and is in a taxable account. We can hold on to it if that is best or TLH. We have sold an individual stock this year that had capital gains almost exactly equal to the current l...
by Nowizard
Thu Dec 20, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Buying used car
Replies: 36
Views: 2122

Re: Buying used car

We have had two of them, and my wife loves them so much due to reliability, mileage and convenience that she recently purchased a new one rather than a sedan even though we are empty nesters. A relative has also had two, one of which had a transmission issue. Though reliable, there is always the pos...
by Nowizard
Thu Dec 20, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: USAA apology letter?
Replies: 42
Views: 6074

Re: USAA apology letter?

USAA has enjoyed a sterling reputation to my knowledge and making an apology is exactly what we do with those we have disappointed. Similarly, some companies like to be transparent and more open than others. Federal Express, for example, is enjoying a banner year but openly stated yesterday that the...
by Nowizard
Wed Dec 19, 2018 7:52 am
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5882

Re: Kid schooling - not learning much academically. Looking for suggestions.

Health Teacher: What you say may be mostly true where you live but not in my area. It is required for Public schools to provide equal assessment to private schools if they accept federal funds, and the request can be made for any reason. You are correct that when the referral is received that a staf...
by Nowizard
Tue Dec 18, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 5882

Re: Kid schooling - not learning much academically. Looking for suggestions.

If your child has later birthdate, say in February, he may be six months older than many Kg. students. If he is six months advanced, he may be a full year beyond others. At age five, relatively small differences in eventual mental age is magnified. He sounds above average and, as others have mention...
by Nowizard
Mon Dec 17, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: How much do you pay for cable/internet/cellphone
Replies: 95
Views: 5723

Re: How much do you pay for cable/internet/cellphone

Phone: 145.60 monthly for two
Cable: 155.00
Our issue is that we watch a lot of sports and it requires a more complicated set of available channels to get basketball, football, hockey, etc.

Tim
by Nowizard
Mon Dec 17, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Novice investor in need of (emotional) support
Replies: 15
Views: 1548

Re: Novice investor in need of (emotional) support

Welcome, you have come to a great place for advice and support. You are well beyond many of us who have become financially independent after a start that was much less reasoned than your own. Time and compounding are on your side. Your awareness that emotional confirmation is as much a current need ...
by Nowizard
Sun Dec 16, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Possible Recession and a Retiree's postulation?
Replies: 20
Views: 2103

Re: Possible Recession and a Retiree's postulation?

Midareff: If withdrawals from retirement funds are from equities, and you want to retain the stock/bond ratio, putting the proceeds in non-taxable items reduces that ratio, and/or requires moves in your retirement accounts if one has chosen to have bonds there which is not advised. As you say, there...
by Nowizard
Sun Dec 16, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Lottery Tickets
Replies: 30
Views: 1674

Re: Lottery Tickets

I think it would be great. However, there are some folks, mostly older, who strongly feel that any type of gambling, drinking, swearing, etc. is offensive. Having grown up in such a family, those thoughts continue to exist while engaging in all of the above on occasion. In today's world, it is diffi...
by Nowizard
Sun Dec 16, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Possible Recession and a Retiree's postulation?
Replies: 20
Views: 2103

Re: Possible Recession and a Retiree's postulation?

One addition to the comment about people who take a 2% withdrawal from their portfolio being "fine" is there are people of MRD age who are obligated to take more than 2% from their portfolio annually. If they have other sources of income, they are in fine shape at the time of withdrawal, but those w...
by Nowizard
Sun Dec 16, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20308

Re: What Happened to you during the Financial crisis of 2007–2008

We were approximately 60/40 and made no changes of significance. Though one of us was at retirement age in 2008, we still felt we were long term investors in consideration of actuarial charts and personal, genetic histories. Our rate of return since 2008 is 8.7% with Vanguard, 9.15 with other equity...
by Nowizard
Fri Dec 14, 2018 2:29 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 145
Views: 13003

Re: Who else is getting excited? [about the market]

There are always those who would disagree with you, depending on their investment horizon. A good friend who is retiring at the end of this year is terrified of the current market. I suppose you could say he is exited, but with the opposite valence from a positive one.

Tim