Search found 1455 matches

by jdb
Fri Oct 12, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: 1.5 liter wine
Replies: 52
Views: 11373

Re: 1.5 liter wine

Life is way too short to drink bad wine. Never buy in 1.5 liter bottles. :twisted: +1 This is not responsive to this old thread asking about cheap jug wines. But for a nice party with good friends, at least six guests, preferably more, and a special occasion like birthday or anniversay with friends...
by jdb
Fri Oct 12, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7488

Re: What did you buy today

A 6-pack of Stone Tangerine Express IPA, delicious! In all seriousness, I heard that the market had a rough day, but I checked the S&P (which I haven’t been following closely), it is still around 2800! These are nosebleed levels! What’s the fuss? Wake me when we break 2000... I bought a six pack of...
by jdb
Thu Oct 11, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

I am on a cycle of re reading old classics that enjoyed years ago. And to be more specific, there were two books which years ago brought tears to my eyes at ending which I read in past weeks just to see if would occur again, kind of like a test of my now much older sensibilities. The Age of Innocenc...
by jdb
Thu Oct 11, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 38
Views: 1801

Re: Route-66 trip recommendations

Been there done that. 1965, before the song and the interstate. LA to Chicago in non air conditioned Buick Roadmaster with parents and three siblings and family dog, pulling pop up trailer which we slept in at night. I was teenager just got license so did lots of driving. My memories, lots of gas st...
by jdb
Thu Oct 04, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 42
Views: 3257

Re: Opinion's: Best time to withdraw RMD's when required to do so.

I want to be able to make QCDs throughout the year as some of them are not planned in advance. So, I make those QCDs and then withdraw the balance of the RMD late in the year. I have enough income tax withheld to meet the safe harbor rules at that time. QCDs are a wonderful tax break, and should no...
by jdb
Tue Oct 02, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Contrarian investors vs. EMH/GMP
Replies: 21
Views: 1209

Re: Contrarian investors vs. EMH/GMP

Which is right and why? They are both right. Passive investing is a highly efficient way to generate a reasonable amount of wealth. You let time do its work. You don't have to do anything special. Contrarian is a high risk, high skill job. You are going to be wrong more often than you are going to ...
by jdb
Tue Oct 02, 2018 6:49 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

This is a completely non responsive post. But did anyone notice that the OP used three exclamation points. I hate the exclamation point. Using one is usually overkill. Should be rule on this forum never to use more than one, and even if use one you are on double secret probation. Just my off topic ...
by jdb
Tue Oct 02, 2018 5:43 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

This is a completely non responsive post. But did anyone notice that the OP used three exclamation points. I hate the exclamation point. Using one is usually overkill. Should be rule on this forum never to use more than one, and even if use one you are on double secret probation. Just my off topic r...
by jdb
Tue Oct 02, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 111
Views: 7731

Re: Barron's Making the Case for Gold

I used to own gold to a few percent of my portfolio. Got rid of it a few years ago after reading Warren Buffett’s comments. Don’t miss it. But recently having urge to maybe get some back in portfolio as insurance. But after reading that it is heavily advertised on Fox channels to older customers of ...
by jdb
Mon Oct 01, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Single in dream house but is it time to move on?
Replies: 13
Views: 2327

Re: Single in dream house but is it time to move on?

I have a two acre property and my favorite hobbies are horticulture and bird watching, from balcony or yard. I would recommend staying, enjoying the view on weekends sounds priceless to me, it is what money is intended to be used for, enjoyment. Good luck.
by jdb
Mon Oct 01, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 68
Views: 13123

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

:!: I'm not sure I would have replied to his survey. And once he put in the dollar bill "as a token of his appreciation," just seems to de-legitimize his request. I'm not sure that many higher-income professionals with busy lives had the time or inclination to respond to his offers. At another point...
by jdb
Mon Oct 01, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

Think about it though. Tucker was selling accessories for cars that hadn't been built yet. Doing so would let you bypass the rule that veterans got first dibs on new cars which there was a waiting list for. Can't you see how that might be viewed as a questionable business practice? In any case, the...
by jdb
Sat Sep 29, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

Soon a buying opportunity for Tesla shares. Elon still CEO. Good luck.
by jdb
Fri Sep 28, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

duplicate post.
by jdb
Fri Sep 28, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10626

Re: SEC charges Musk with Fraud!!!

Warren Buffett claims that when you are long term holder of stock you are happy to see it go down in value cause can buy more cheaper. I like Warren and I like Tesla, a great American company, this is a good buying opportunity in the making, though I am patient to wait for further dips. Last time bo...
by jdb
Wed Sep 26, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: cleaning lady stealing
Replies: 49
Views: 7413

Re: cleaning lady stealing

Sorry for your loss. A first world problem. Be happy only pills, some years ago my wife had her favorite expensive pearl necklace, probably $20K and not insured, for some reason hid it in small container underneath bathroom sink next to cleaning solutions. And guess where cleaning lady frequented an...
by jdb
Wed Sep 26, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7538

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

David Jay wrote:
Tue Sep 25, 2018 11:52 am
The Wizard wrote:
Tue Sep 25, 2018 11:33 am
A further solution is to donate 100% of your RMD to charity via QCDs...
Tru dat
Exactly what I am doing with my RMD. Enjoying donating especially to local charities which are needy and thankful. In fact enjoying so much will probably exceed my RMD up to max of $100K in QCD. Good luck.
by jdb
Sat Sep 22, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: AQR podcast: stocks are not real assets and do not hedge against inflation risk
Replies: 25
Views: 2161

Re: AQR podcast: stocks are not real assets and do not hedge against inflation risk

That is the reason I established a TIPS ladder in my portfolio. Good luck.
by jdb
Fri Sep 21, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

Just finished Buzz, the Nature and Necessity of Bees by Thor Hanson. As a backyard beekeeper I have read probably more than my fair share of bee books but this one was special, very well written and covering all types of bees including of course Apis Mellifera, our honeybee, but also Bumble Bees and...
by jdb
Thu Sep 20, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Going to the Everglade. A few questions please.
Replies: 21
Views: 1230

Re: Going to the Everglade. A few questions please.

If you have time suggest reading Shadow Country by Peter Matthiessen. Great series of three short novels, won National Book Award, centered in Chokoloskee end of 19th century, will give you good historical perspective. Good luck and enjoy.
by jdb
Thu Sep 20, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 60
Views: 9348

Re: Are We Headed For A Passive Index Meltdown?

I just threw out the latest Forbes magazine without opening, as I do every month. No idea why they keep sending me that garbage. Same reaction to their online articles. Better off ignoring such nonsense. Good luck.
by jdb
Thu Sep 20, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4381

Re: I need a chainsaw to trim branches and limbs!!

After reading these posts I only have one comment: my favorite tree pruning tool for my fruit tree orchard by far is a Stihl manual extension pruner. Now on my third one, others got mangled over the years by my bad tree management in not avoiding falling limbs on the pruner. But a great tool. Good l...
by jdb
Thu Sep 20, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 56
Views: 4803

Re: Should I bother meeting with a Chase Private Client Rep

Been there done that. Over 30 years private banking with Wells Fargo and its predecessors. Now avoiding any private bankers with BofA. Though enjoy having a Vanguard Flagship rep to call. Won’t make any difference in your life either way unless you are a sucker for high commission wealth management....
by jdb
Thu Sep 20, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 1857

Re: New [Vanguard] environmental, social, governance (ESG) ETFs

Thanks for the update. I plan to invest. Edit: as soon as Vanguard comes out with mutual fund for this asset class. I have no ETF’s and don’t plan to buy any.
by jdb
Tue Sep 18, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 27
Views: 1598

Re: Inexpensive source for greeting cards?

I just don't get greeting cards. Never have, never will. Take a piece of paper and write the recipient a heart-felt message. If you need inspiration, check the internet. Having said that, if you are still compelled to buy a card, check your local dollar store. Mine sells Hallmark cards for 2/$1. +1...
by jdb
Mon Sep 17, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7555

Re: Leasing Cars in Retirement

So why do you think car dealers love leases? Cause they want to give you best financial deal? No. They want to maximize their margin off you and see you again in three years to rinse and repeat. And if you think negotiating a car purchase tricky try negotiating a lease. And if want to limit down pay...
by jdb
Fri Sep 14, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5504

Re: Shorts in Egypt

duplicate post. Some day I will figure this out. If you get stuck, report the post using the "!" in the top-right corner of the post. One of the reasons is "duplicate thread". Explain that it's a duplicate post and a moderator will take care of it. (I removed one of the duplicates for you.) =======...
by jdb
Fri Sep 14, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

MJW wrote:
Fri Sep 14, 2018 6:45 pm
RegDunlopCPA wrote:
Fri Sep 14, 2018 4:42 pm
12 Rules for Life by Jordan B. Peterson. It has been fantastic thus far.
Haven't read this book but 12 seems like a lot.
Very funny. Could probably do all of us without interest In actually reading the book to list the 12 rules. Probably too many for me to remember.
by jdb
Fri Sep 14, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2889

Re: Picking a Charity

Thanks to this thread I have learned to review the public IRS filings of any charity to which I am considering donating to find out how much of their revenues are being paid to their administrators and for fundraising and what percentage going to their charitable activities. Charity Navigator descri...
by jdb
Fri Sep 14, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5504

Re: Shorts in Egypt

duplicate post. Some day I will figure this out.
by jdb
Fri Sep 14, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5504

Re: Shorts in Egypt

Shorts are a crime against elegance. Victoria I always knew Victoria was classy. When I go to supposedly nice restaurants in South Florida for dinner and see guys in shorts I am almost ready to leave and find a restaurant with some class. And don’t get me started on the Florida older men with short...
by jdb
Fri Sep 14, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 33
Views: 3501

Re: Single Family Homes in Chicago?

Suggest Wicker Park or Bucktown neighborhoods within walking distance of Damen Blue Line Station. Lots of young families and restaurants etc. Good Luck.
by jdb
Fri Sep 14, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5504

Re: Shorts in Egypt

Maybe I am part Egyptian. One of my pet peeves, I think that men look like clowns wearing shorts in public, especially egregious are airports and airlines and restaurants other than fast food. Yes, I live in South Florida, I wear shorts on golf course, they are needed playing tennis and at the beach...
by jdb
Fri Sep 14, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

Just finished Uttermost Part Of The Earth by E. Lucas Bridges. Mentioned to friend who has old book collection how much I enjoyed The Voyage of the Beagle, especially Darwin’s descriptions of Tierra del Fuego and the native Indians. So friend gave me this book published 70 years ago in London writte...
by jdb
Fri Sep 14, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4381

Re: I need a chainsaw to trim branches and limbs!!

I go through a gas chainsaw every couple years in my hobby fruit tree orchard, currently using the 18” Echo CS-400. But favorite and most used chain saw is 14” battery powered Stihl MSA200C. A great machine for smaller jobs. Problem is the cost plus battery plus charger far exceeds your suggested bu...
by jdb
Thu Sep 13, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Vanguard electronic bank transfers
Replies: 22
Views: 2122

Re: Vanguard electronic bank transfers

I have avoided checks for past few years due to fraud on my bank account, surprised me how easy it was for fraudster to photocopy one of my checks and insert their payee info and amounts. Three checks cleared my bank for several thousand dollars before bank caught it and eventually reversed but was ...
by jdb
Wed Sep 12, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8928

Re: My daughter's inheritance.

Been there done that. At least with respect to several children’s trusts for more monies. Sorry for your daughter’s loss. Make it simple. Vanguard account. 50 percent equity, I like 500 equity index fund. 50 percent bonds. Since taxable account I suggest Vanguard intermediate tax exempt for 40 perce...
by jdb
Wed Sep 12, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2889

Re: Picking a Charity

All my RMD going to QCD. I prefer local charities. I have been asking friends about which local charities they find most effective, lots of good suggestions. But it is harder than I expected, need to do the due diligence through charity navigator or its ilk, or through friends involved in the organi...
by jdb
Sun Sep 09, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

Started to reread The Iliad. Forgot how violent it is, even though epic poem. Remembered last one I read was translation by Samuel Butler. Remembered how great his novel was. Ended up re reading The Way Of All Flesh, one of my all time favorites. And only reason I got book was cause found a leather...
by jdb
Sun Sep 09, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

Started to reread The Iliad. Forgot how violent it is, even though epic poem. Remembered last one I read was translation by Samuel Butler. Remembered how great his novel was. Ended up re reading The Way Of All Flesh, one of my all time favorites. And only reason I got book was cause found a leather ...
by jdb
Wed Sep 05, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10155

Re: Max you should invest in a 529?

I think the 529 program is a great tax planning tool provided you take advantage of time value of tax advantaged investing, need to keep the funds invested for at least 10 year to get max advantage of tax savings on earnings. We used 529 to pay for daughter’s expensive Ivy League college plus it las...
by jdb
Wed Sep 05, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9883

Re: What will you do when you find you have more money than expected?

Just mailed 9 envelopes this morning each addressed to charities, each containing a QCD check. And spoke with my Vanguard rep to order two more checks to charities. And mentioned to my wife this morning that was not easy giving away money to charities, need to do due diligence to make sure worthy. S...
by jdb
Mon Sep 03, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3296

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

Amazon now the most shorted stock, having overtaken TSLA. As an outlier on this site say of course, and assuming this is legit post, go for it. Not sure about all your equity. Think you have to be mostly index funds to be able to post on this site. I have had 25% of my equity allocation past 6 years...
by jdb
Fri Aug 31, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1837

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Yes, I have looked at their site quite a bit (I am a tax preparer). I have not found any specific references to community foundations. The link you provided refers to all TE organizations. Not all 501(c)(3)s are eligible to receive QCDs even though they might be eligible for Schedule A deductions o...
by jdb
Fri Aug 31, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)
Replies: 32
Views: 2921

Re: Sneaky ways to get into closed funds (POAGX in TN 529)

Shhhhh .. please can you stop spilling the beans on primecap funds to the general public. Let some of us who have been riding this gravy train for years continue to enjoy in silence. If there is one thing that kills outperformance by talented managers, it is flow of assets and performance chasers. ...
by jdb
Fri Aug 31, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11558

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Interest rates are sure to rise.
The corollary: Bond Bubble.
Been seeing predictions of both for ten years on this site. Not even sure what a bond bubble is. Kind of like a soap bubble? Anyway, has been good reason for me to stay the course with fixed income allocation.
by jdb
Thu Aug 30, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1837

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote . (emphasis added) Wow! This...
by jdb
Thu Aug 30, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3365

Re: high RMD withdraw from 401k question

Welcome to the tax torpedo club, membership restricted to those with high pensions, SS retirement benefits and 2 comma and above traditional IRA/401k accounts. You can get discounted membership status if you plan a lot of Roth conversions until RMDs kick in or you have extremely high deductible med...
by jdb
Thu Aug 30, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1837

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Your tax preparer will reflect on your 1040 that the amount of the QCD is non taxable. The fiduciary did it correctly, it is not their obligation to determine whether your QCD went to a qualified 501(c)(3) or that you actually remitted the check to the charity. Be sure to keep a copy of the direct c...
by jdb
Wed Aug 29, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3341
Views: 1003794

Re: What Book Are You Currently Reading? Part VI

Now starting to read The Iliad with translation by Robert Fagles. Last time I read it several years ago it was the translation by Samuel Butler from around 1895. Now I love Butler’s great novel The Way of All Flesh but thought would be nice to read a translation at least from the 20th century. This ...