Search found 3823 matches

by Ged
Sun May 24, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 76
Views: 3730

Re: Investors: be aware of weakness in 2FA + strengthening

I switched my 2fa to google voice secured by a google key. I feel this gives the best security aside from completely going to a key system. +1 Or Googe Fi if you use them as your carrier. I use Google Fi as my carrier with my Google Account secured with Yubi keys. A backup key is stored in a safe d...
by Ged
Sat May 23, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 58
Views: 4145

Re: NJ property taxes too high. What are my alternative states?

Our cousin, works elder law, says whatever ya do, don't die in NJ. Why can't you die in NJ? As far as I can tell there is no estate tax in NJ. Is there another reason? NJ estate tax was recently repealed but their 11%-16% inheritance tax is still in effect. It is retroactive to gifts up to three ye...
by Ged
Mon May 18, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4573

Re: How did you determine your target savings rate?

I determined the this by asking my father how much to save. He said 15%.

It worked out extremely well for me.
by Ged
Mon May 18, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 43
Views: 8344

Re: adult child moving back

Broken Man 1999 wrote:
Wed Nov 13, 2019 4:52 pm

Multi-generation family living under one roof used to be pretty standard.

But, times change, and sometimes I think it was for the worse, in many cases.

Broken Man 1999
I think extended families make a whole lot of sense from an economic and social perspective.
by Ged
Sat May 16, 2020 11:16 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 94
Views: 5949

Re: Alternatives to Craftsman Tools

Some of the brands I've had good luck with in the past few years:

Wiha Klein Bessey Wera Foredom Festool Bosch Porter-Cable Whiteside Bessey Fein.
by Ged
Fri May 01, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5026

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

HawkeyePierce wrote:
Thu Apr 30, 2020 12:00 am
Schwab and M1 Finance both offer app-based 2FA.
As does Fidelity.
by Ged
Mon Apr 20, 2020 6:31 pm
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8254

Re: Price of oil has collapsed; how will this impact the economy?

What does it mean for crude oil to turn negative? Those who buy crude oil will buy it for free and get additional cash per barrel for it? :shock: Assuming they have a place to store it Assuming you don't sell the future first. Or pay someone to take it off your hands. If you hold the future to expi...
by Ged
Mon Apr 20, 2020 6:19 pm
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8254

Re: Price of oil has collapsed; how will this impact the economy?

Rainier wrote:
Mon Apr 20, 2020 12:25 pm
DonIce wrote:
Mon Apr 20, 2020 12:24 pm
Dang, touched a low of $2.99.

I kind of want to take physical delivery of 1000 barrels for $3k haha.
Got a swimming pool?

BTW, CME just confirmed that oil futures can go negative.
Got a refinery? Crude oil is not going to be of much use to you.
by Ged
Sat Apr 18, 2020 11:07 am
Forum: Personal Investments
Topic: Where do we put 74 year old mother-in-laws money?
Replies: 16
Views: 1120

Re: Where do we put 74 year old mother-in-laws money?

Probably a lifestyle fund. However with more information we might come up with a more optimal suggestion.
by Ged
Sat Apr 11, 2020 11:11 pm
Forum: Personal Consumer Issues
Topic: Yokohama vs Arizonian Tires
Replies: 11
Views: 948

Re: Yokohama vs Arizonian Tires

Aside from Michelin and Avid you may want to consider Continental tires.
by Ged
Wed Apr 08, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: Book suggestions for a 16 year old
Replies: 47
Views: 2153

Re: Book suggestions for a 16 year old

The Voyage of the Beagle
by Charles Darwin
by Ged
Thu Apr 02, 2020 10:05 pm
Forum: Personal Investments
Topic: Anyone here depressed just looking at their portfolio?
Replies: 122
Views: 7343

Re: Anyone here depressed just looking at their portfolio?

I looked today because I pay my bills on the 2nd of the month and check my portfolio as part of that. Considering the magnitude of what has been going on I was happy with what I saw.

I do need to start thinking about re-balancing. I might re-think my ex-US allocation as well.
by Ged
Sun Mar 22, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Stay the course - socially responsible?
Replies: 9
Views: 582

Re: Stay the course - socially responsible?

Doesn't the invocation of the Defense Production Act sort of make this discussion moot?
by Ged
Sat Mar 21, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Over Rebalancing.
Replies: 19
Views: 1420

Re: Over Rebalancing.

Lots of ReBalancing threads .... :? In the end, it has much less impact than you would expect. Check out the analysis done in this post . Emotional it does feel right to take advantage of a bargain, yet none of us knows when the next discount will occur. Also, where you are in the Investment Cycle ...
by Ged
Fri Mar 20, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: I cant "Stay the Course" - Rebalance/IPS
Replies: 56
Views: 4499

Re: I cant "Stay the Course" - Rebalance/IPS

Folks, Is there anyone who is NOT Rebalancing per their IPS Rebalance Band % and/or Time ? What is the reason you are Rebalancing or NOT Rebalancing ? When I got close to retirement I changed my IPS to exclude re-balancing into stocks because of the example of the market crash and long time to reco...
by Ged
Wed Mar 18, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Anybody else hoping for stocks to plummet?
Replies: 20
Views: 1121

Re: Anybody else hoping for stocks to plummet?

This recent correction has finally brought asset prices back down to earth. As a young investor, this could be a once in a lifetime buying opportunity. The current situation is dark, but the silver lining is that assets will be really cheap if this turns into a depression. I bought stocks (VTI, VWO...
by Ged
Tue Mar 17, 2020 6:06 pm
Forum: Personal Investments
Topic: Wouldn't Day Trading do well in this environment?
Replies: 47
Views: 3069

Re: Wouldn't Day Trading do well in this environment?

It seems with high volatility, there seems to be potential for lots of money to be made by day trading and options. I would phrase it as: with high volatility there is the potential for lots of money to be lost by day trading and options. On high volatility days the brokerages make lots of money be...
by Ged
Mon Mar 16, 2020 10:28 pm
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 146
Views: 15463

Re: The Black Swan is Here

A Black Swan to me is an event outside the historical range of expected variations that invalidates the current theories in a field. For example: All swans are white is the expected range of colors of a swan until you see a black one. I don't think the current stock market fluctuations are a Black ...
by Ged
Mon Mar 16, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: Anybody here go all-Linux for personal computing?
Replies: 116
Views: 9092

Re: Anybody here go all-Linux for personal computing?

I used Linux extensively as a developer. Loved it. Would not want a job of that sort that required Windows.

However as a user there are just too many applications that don't run on Linux to go Linux only. Photoshop. Tax software. Games. Drivers for certain peripherals. And so on.
by Ged
Mon Mar 16, 2020 2:59 pm
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 146
Views: 15463

Re: The Black Swan is Here

A Black Swan to me is an event outside the historical range of expected variations that invalidates the current theories in a field. For example: All swans are white is the expected range of colors of a swan until you see a black one. I don't think the current stock market fluctuations are a Black S...
by Ged
Mon Mar 16, 2020 2:48 pm
Forum: Personal Investments
Topic: Need to Reallocate Father's IRA
Replies: 6
Views: 189

Re: Need to Reallocate Father's IRA

Be aware that an IRA will have a required minimum distribution of some percentage of the holdings each year for those over 72. The penalty for not taking these distributions is very severe.
by Ged
Mon Mar 16, 2020 12:52 pm
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 25878

Re: Who is staying course and how are you dealing with net worth going down?

Admiral wrote:
Thu Mar 12, 2020 10:52 am
Market takes the escalator up, the elevator down, as some wise person once remarked.

Say hello to the elevator days! :?
More like jumping out a window down.

There is no question I will be buying equities before this is over.
by Ged
Thu Mar 12, 2020 11:28 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14066

Re: How many people with 7 figure portfolios are”rejoicing ?”

70 year old retiree with what was a 60% bond / 40% equity portfolio. I suppose when I rebalance and the market recovers I'll be ok or maybe even better off.

Definitely not rejoicing though. This sort of thing always causes economic dislocations that can affect family members very negatively.
by Ged
Tue Mar 10, 2020 6:09 pm
Forum: Forum Issues and Administration
Topic: Did I break the forum?
Replies: 4
Views: 978

Re: Did I break the forum?

It seems reasonable to me.

What browser are you using? I'm using Google Chrome.

I have a very modern high end machine, just finished building it a couple of weeks ago.
by Ged
Tue Mar 03, 2020 10:49 pm
Forum: Investing - Theory, News & General
Topic: Are CNBC all day traders?
Replies: 71
Views: 5147

Re: Are CNBC all day traders?

CNBC exists only to sell advertising. In order to do so, they must keep the audience engaged, which they do so by keeping them entertained, or outraged. The advertisers on CNBC are brokerage houses or financial service providers who make their money through transaction fees and service charges. The...
by Ged
Sat Feb 22, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33535

Re: Did you celebrate when you finally hit $1m?

My wife still doesn't believe me.
by Ged
Wed Feb 19, 2020 6:10 pm
Forum: Personal Consumer Issues
Topic: Can we trust wirecutter reviews?
Replies: 41
Views: 4893

Re: Can we trust wirecutter reviews?

I think you can trust what they say about the specific aspects of a product they choose to write about. However they never really cover the full range of choices, just hitting some mainstream alternatives. And the aspects they cover may not be what you are interested in. Their reviews can be useful ...
by Ged
Wed Feb 19, 2020 5:49 pm
Forum: Personal Consumer Issues
Topic: When will 5G be available in Rural US?
Replies: 70
Views: 4583

Re: When will 5G be available in Rural US?

forgeblast wrote:
Wed Feb 19, 2020 9:28 am
Science VS had a podcast on 5g, and touched on health effects.
Thanks to the pointer to that source. There are some interesting review articles linked to the podcast.
by Ged
Mon Feb 17, 2020 6:42 pm
Forum: Personal Investments
Topic: im wanting a small correction very soon
Replies: 78
Views: 4830

Re: im wanting a small correction very soon

k1982 wrote:
Mon Feb 17, 2020 5:55 pm
is it weird of me that im almost praying for a small ~ 15-20% correction soon?
No, it is not weird. Be patient. Have some bonds so you can re balance. As JP Morgan once said "It will fluctuate".
by Ged
Mon Feb 17, 2020 6:07 pm
Forum: Personal Consumer Issues
Topic: When will 5G be available in Rural US?
Replies: 70
Views: 4583

Re: When will 5G be available in Rural US?

I have read there is concern over radiation effects and some European countries are delaying rollout. This is fake news spread by the same fake news sources that have been affecting chaos in other parts of our public lives. That's weird - it is in the Financial Times, a paper not known for their fa...
by Ged
Sun Feb 16, 2020 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected business debt - need sound advice
Replies: 15
Views: 1433

Re: Unexpected business debt - need sound advice

LLC's may provide some protection from the debts of the business. You may want to investigate the idea that you are not personally responsible for the debts of the LLC.
by Ged
Sat Feb 15, 2020 12:20 pm
Forum: Personal Investments
Topic: Who’s Buying Bitcoin?
Replies: 307
Views: 18093

Re: Who’s Buying Bitcoin?

... Of course, bitcoin may go to zero at any time, and I will be out $300 , which I would count as a good life lesson for me. I'm afraid you'd be out $8,800 / 3 = $2,933. That's the descent from today's value to zero for you. Unrealized gains are still gains, as are unrealized losses, losses. Even ...
by Ged
Fri Feb 14, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Where to leave money when we die
Replies: 68
Views: 5339

Re: Where to leave money when we die

I like the idea of charitable giving to organizations that can be verified to be doing work that will have real long term benefits to the recipients using an evidence based assessment. Generally that turns out to be organizations that fight chronic disease in some manner. This site has a list and a ...
by Ged
Fri Feb 07, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Looking for a cheap and accurate BP monitor.......
Replies: 23
Views: 1512

Re: Looking for a cheap and accurate BP monitor.......

Unfortunately cheap and accurate are mutually exclusive. Cheap and approximate are what you are going to get with Omron et al.

Nothing replaces a column of mercury, cuff and stethoscope used by a trained professional.
by Ged
Tue Feb 04, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11984

Re: Couples w/ kids: What is/was the most expensive time period of your life?

End of Life expenses (nursing home, medical care, at home care) can be very high as well.
by Ged
Sun Feb 02, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3909

Re: Disturbing Question on 2019 IRS Tax Form

Sounds like none of their damn business, just like other “cash” purchases. If asked, would you disclose all of your precious metals, firearms, etc.? I know I wouldn’t. I don’t think I would outright lie on the form, but I’d definitely leave it blank, if possible, or figure out a different way to fi...
by Ged
Mon Jan 20, 2020 12:22 pm
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2718

Re: How many months expenses held in cash in reirement

Usually about 2-3 months. The 50% of my investments in fixed assets provides me a substantial ability to convert into cash at will without selling equities should the market decline. I don't see a reason to keep a pile of cash around when bonds return more. Yes I do incur a bit more tax liability as...
by Ged
Sun Jan 19, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: SS @ 62 as part of tax reduction strategy
Replies: 28
Views: 2709

Re: SS @ 62 as part of tax reduction strategy

KlingKlang wrote:
Sun Jan 19, 2020 11:52 am
veggivet wrote:
Sun Jan 19, 2020 11:26 am
4. Main objective is to minimize taxes going forward.
Too many people fall into the "Letting the tax tail wag the investment dog" logic trap. A better objective would be to maximize after tax income and net worth.
I would love to be paying $50 million in taxes per year.
by Ged
Tue Jan 14, 2020 10:29 pm
Forum: Investing - Theory, News & General
Topic: Should I keep any cash in my Roth?
Replies: 19
Views: 1678

Re: Should I keep any cash in my Roth?

Is it generally good though to keep a percentage of your Roth in cash? I don't see any reason to do so. Roth accounts do not incur taxes when they appreciate so I think you should keep assets likely to appreciate the most in a Roth account. That would be equities. The only reason to keep something ...
by Ged
Fri Jan 10, 2020 5:48 pm
Forum: Personal Investments
Topic: Is putting money in a 401k a bad idea?
Replies: 31
Views: 5172

Re: Is putting money in a 401k a bad idea?

Putting money into an employer 401K that is matched is generally the top priority. Second would be to pay down any high interest loans. Mortgages usually are not in that category. Your loan interest rate is lower than historical market return averages. Beyond that I would be looking to max whatever ...
by Ged
Fri Jan 03, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 80
Views: 8231

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

I would stay where I am at Fidelity. I have had accounts there since 1972 and have no problems with them over that period.
by Ged
Thu Jan 02, 2020 4:07 pm
Forum: Personal Investments
Topic: VTI. Buy Now or Wait for a Dip?
Replies: 44
Views: 4350

Re: VTI. Buy Now or Wait for a Dip?

Blueskies60 wrote:
Thu Jan 02, 2020 4:02 pm
I bought some in 2019 and then read a thread about tax implications. Thought it might be better tax wise to purchase in 2020.
I think you are letting the tail wag the dog.
by Ged
Thu Jan 02, 2020 4:01 pm
Forum: Personal Investments
Topic: VTI. Buy Now or Wait for a Dip?
Replies: 44
Views: 4350

Re: VTI. Buy Now or Wait for a Dip?

I have a plan to purchase 100K in VTI and VXUS. I wanted to wait until 2020 to make the purchase. My dilemma: Do I buy now with the market at an all time high or wait for a dip? Even a slight dip? Thanks for your thoughts. Why did you want to wait? How did that work out for you? Now you are thinkin...
by Ged
Thu Jan 02, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 accomplishments
Replies: 56
Views: 3484

Re: 2019 accomplishments

Had a lot of fun in my 8th year of retirement. Did not go to work even once. Getting the hang of this. :beer
by Ged
Thu Dec 19, 2019 6:12 pm
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 17287

Re: You’re never going to make enough money if you have 40% of your money in bonds

Generally Bogleheads recommend a percentage of bonds be selected based on how much risk you can tolerate. This varies with your ability and need to take this risk.

It was never a thing that you should be fixed on 60/40.
by Ged
Wed Dec 18, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: I made a big mistake and I learned my lesson
Replies: 59
Views: 8821

Re: I made a big mistake and I learned my lesson

bg5 wrote:
Wed Dec 18, 2019 8:08 am
Hey Gang,

I will never try to time the market again!
I wish I could give this wisdom to all of the people in my life.
by Ged
Mon Dec 02, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: Soundbar for TV vs. bluetooth receiver connected to old stereo?
Replies: 27
Views: 2159

Re: Soundbar for TV vs. bluetooth receiver connected to old stereo?

I have a vintage but quality stereo system, mostly dating back to the 1980s/1990s. PS Audio 4.6 preamp, Chord 400 amp, pair of Vandersteen 2C speakers. Needless to say, no bluetooth, just old audio/RCA cables. I just got a 55" Vizio M8 TV. Question: Would I be better off getting a dedicated soundba...
by Ged
Fri Nov 29, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: Refurbished desktop
Replies: 24
Views: 1167

Re: Refurbished desktop

I don't know what Optiplex you are looking at, but Dell is neither the best nor worst computer you can get.

Windows 10, a flat screen and with a solid state disk drive is where you should start.
by Ged
Wed Nov 27, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: New Phone Scam - Up A Notch
Replies: 59
Views: 5251

Re: New Phone Scam - Up A Notch

Happens frequently to me (I don’t pick up). Neighbor caller ID spoofing is popular where a local number is used to fool the recipient into picking up. What really really makes me angry is when they spoof the number of a local hospital. For those I am afraid I have to answer in case it is a call abo...
by Ged
Wed Nov 27, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Top Airlines for 2020
Replies: 26
Views: 2234

Re: Top Airlines for 2020

Having flown BA and AA fairly recently I would certainly prefer AA.