Search found 3552 matches

by Ged
Tue Oct 23, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on managing my mother's investments
Replies: 11
Views: 969

Re: Need advice on managing my mother's investments

Your plan to move to Vanguard is great. Personally I'd opt for 50% total market and 50% short to medium term bonds. Or maybe 40/60 given her age. Aside from that I'd ask about the rest of the important documents. Will naming executor(s), health care directive, powers of attorney. You might want to c...
by Ged
Tue Oct 23, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 166
Views: 13874

Re: Where would you go for financial guidance if you win the Megamillions?

I remain in the school of thought to buy a single ticket when the expected value is nominally higher than the price of the ticket. (Of course, if you factor in the probability of splitting the jackpot, this never happens.) The change from zero to one ticket is an infinite increase in your odds. The...
by Ged
Tue Oct 23, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 3641

Re: When Will Attaining Millionaire Status Be Obsolete?

About 4% are millionaires right now. Average inflation is about 3.2%. In 32 years that is a factor of 2.74.

So that would be about $400,000 in current dollars. About 25% of households currently have that much.

Data source: https://www.federalreserve.gov/econres/scfindex.htm
by Ged
Tue Oct 23, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage early vs IRA
Replies: 8
Views: 595

Re: Pay off mortgage early vs IRA

I always kind of cringe anytime someone brings up the mortgage interest deduction as a reason to keep a loan around. It's like paying $5 to get $1 back for most people... It's worth factoring in. It reduces of the effective return from paying off the mortgage. In this case since the individual is s...
by Ged
Tue Oct 23, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 81
Views: 5253

Re: For those who paid off house - how did you do it?

Bought a house in 1992. Fifteen year fixed rate mortgage. Refinanced once when interest rates dropped. Paid the due amount, nothing else every month.
by Ged
Mon Oct 22, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6159

Re: Depositing Cash if it was gifted?

This thread might be much more helpful to OP if everyone who is offering advice would volunteer how many cash transactions of $5000+ they have personally made in the past ten years rather than speculating about something with which they have no experience or in-depth knowledge. I have made one such...
by Ged
Mon Oct 22, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 7907

Re: Quitting w/o notice

It is very poor form if you expect to return to the job market. My company has a policy that says “no recommendation” for someone who leaves without proper notice and an exit interview. So it can impact you down the road. I’m so glad my company has a policy of “no recommendation” in any case! Most ...
by Ged
Thu Oct 18, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 166
Views: 13874

Re: Where would you go for financial guidance if you win the Megamillions?

Where would you go for effective, ethical financial advice about how to handle all that money and not end up in a miserable mess? Like to know how people would handle this, just in case I win the $900 Mil on Friday night. :moneybag The first person I would call is my estate attorney. I have a guy w...
by Ged
Tue Oct 16, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?
Replies: 55
Views: 2793

Re: "MegaMillions and Powerball jackpots combined are now $1B" - Good investment?

folks at work did a pool thing, I opted out as I don't subscribe to these types of things...was given a hard time since it was only a $2 contribution but it's ok. I don't gamble as it's against my principle. I always joined the pools because if the pool won and I wasn't a member I'd be alone at wor...
by Ged
Tue Oct 16, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 171
Views: 55119

Re: Time to reach 1M and 2M milestones

They say the first $1M is the hardest. Is that really true? If so, time to go from $1M to $2M should be much shorter than time to get to $1M. Yes it is true, the first $1M is hardest. The reason being that once you have $1M you have significant earnings on those assets to put towards the second mil...
by Ged
Sun Oct 14, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 207
Views: 11741

Re: Talk me out of buying a Tesla Model 3

Do you take long trips? > 250 miles round trip? If you do I would be skeptical that it is the right car for you. To me the Achilles heel of the Tesla and all electric vehicles is the 'refueling'. Range anxiety is becoming a thing of the past. Supercharging stations are located strategically near hi...
by Ged
Thu Oct 11, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2477

Re: What would you do with some bulk silver?

Did he have records on how much he paid for it? Profits on the sale of precious metal are taxable.

If not it might be better if it was passed to you as part of his estate which would re-set the basis.
by Ged
Wed Oct 10, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4457

Re: When stocks and bonds drop at the same time, what do you do?

Usually bonds don't go down as much as stocks. So if you re-balance you would be likely to buy stocks.

For example today VTI went down 3.18%, BND 0.077%.
by Ged
Wed Oct 10, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 48
Views: 3281

Re: Best headphones under 500 bucks

I've owned a lot of different headphones over the years. If you are focused on sound quality don't buy any headphones from Bose. Bose is a marketing company, not an audio company. Sennheiser are excellent for the money and offer a variety of price points. I've had a half dozen of their models over t...
by Ged
Tue Oct 09, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 207
Views: 11741

Re: Talk me out of buying a Tesla Model 3

As far as the longevity of Tesla Corporation (a very different thing than the stock price which has been unsustainable for a while) I am optimistic. The Model 3 is generating a pile of cash. In terms of revenue (sales units x price) it is the #1 car right now. Do you take long trips? > 250 miles rou...
by Ged
Mon Oct 08, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Biggest bubble in the history of mankind(?) Is it time to sell?
Replies: 40
Views: 3805

Re: Biggest bubble in the history of mankind(?) Is it time to sell?

Nobody knows nothing.

https://www.youtube.com/watch?v=A0gQiz0pCyI

Especially Ron Paul who would have you in the poor house with his crackpot financial ideas.
by Ged
Sun Oct 07, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Faucet filter to remove Chloramine?
Replies: 22
Views: 1342

Re: CuZn UC-200-85 Chloramine

So you think Fakespot is reliable? How would you analyze this: https://www.fakespot.com/product/cuzn-uc-200-under-counter-water-filter-50k-ultra-high-capacity-made-in-usa It looks to be a solid product. I had dismissed Fakespot after seeing their result. I think Fakespot and Reviewmeta are statisti...
by Ged
Sun Oct 07, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Faucet filter to remove Chloramine?
Replies: 22
Views: 1342

Re: CuZn UC-200-85 Chloramine

LOL! Fakespot rated the Apple iPhone X on Amazon a 'D'. Fakespot also gave "Apple" a two star rating for trustworthiness. CuZn at least received 3 stars. https://www.fakespot.com/product/apple-iphone-x-fully-unlocked-5-8-64-gb-silver Looks like Fakespot is fake. Also, Amazon only sells the UC-200 w...
by Ged
Sun Oct 07, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: [Small, Portable, and Ductless Air Conditioners]
Replies: 60
Views: 3773

Re: [Small, Portable, and Ductless Air Conditioners]

Mini split: best end result, most efficient, only require 3" hole through the house to install. Downside: nobody locally will install one. I wouldn't give up on the minisplit for your garage. I put a Mitsubishi in mine along with attic insulation here in southern NJ and it has been a glorious impro...
by Ged
Sat Oct 06, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12687

Re: What purchase saved you the most money?

Tools for car maintenance.

While I don't do that much of it any more, they still provide a big payback because I am an educated consumer when dealing with auto maintenance.
by Ged
Sat Oct 06, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Garage Shelving?
Replies: 31
Views: 3305

Re: Garage Shelving?

I went the self-build shelving route when I moved into my current home. Worked OK, however after about 10 years I got frustrated with not being able to adjust shelf height or being able to move the shelves when I wanted to get to the wall so I rented a dumpster one weekend and ripped them all out. N...
by Ged
Fri Oct 05, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: How to clean oil off a lamp without damaging it
Replies: 10
Views: 709

Re: How to clean oil off a lamp without damaging it

What do you think about baking soda, which is also alkaline? If I bury the bottom half of the lamp in baking soda and leave it for a few hours, will the brass be damaged and will all the oil be absorbed, you think? Oven cleaner seems very harsh for brass? Baking soda will not saponify oil very effe...
by Ged
Wed Oct 03, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Sconces, fixtures without replaceable bulbs/LEDs
Replies: 14
Views: 801

Re: Sconces, fixtures without replaceable bulbs/LEDs

daggerboard wrote:
Wed Oct 03, 2018 7:30 am
What am I missing? This seems like a very bad idea.
I don't think you are missing anything. I would look hard before biting on the sconces with non-replaceable bulbs.
by Ged
Sun Sep 30, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 13020

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

We live in a HCOL area. We're still working. When retired, we can sell this house for about $1MM, move to a LCOL, buy another house for $300k and still have $700k left in the bank. I would advise caution with this if you do not also have other, diversified assets that provide adequate resources for...
by Ged
Sat Sep 22, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 70
Views: 3952

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

As an individual investor there are other factors to consider such as liquidity: You can sell stocks instantly, selling real estate can take a long time and the transaction costs are high. That's the thing. There are generally three important characteristics of an investment. 1. Liquidity 2. Safety...
by Ged
Fri Sep 21, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Another Wifi extender thread
Replies: 39
Views: 2897

Re: Another Wifi extender thread

Have you tried different locations for your router? Simply mounting it higher, say on the wall rather than on a table or worse on the floor can have a significant impact.
by Ged
Thu Sep 20, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25272

Re: What is your single most expensive mistake?

My most expensive mistake was not acting on the advice in Random Walk Down Wall Street immediately after reading it. Most of my money was in various Fidelity sector funds in an employer 401K. Probable cost in the low six figures.
by Ged
Thu Sep 20, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8766

Re: Physical Banking - Any benefits anymore?

RudyS wrote:
Wed Sep 19, 2018 8:40 pm
Medallion Guarantee, safe deposit box. My local B&M bank has had my account for over 50 years now.
I have a safe deposit box and about 3 years ago needed a Medallion Guarantee.

Also I occasionally need cash withdrawals larger than what an ATM will process.
by Ged
Sun Sep 16, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: [AARP Article re: ID Theft & Dark Web]
Replies: 32
Views: 4004

Re: Dark Web Article

I still have trouble accepting that number 3 is the best way to go. Makes me nervous to have all of my passwords "out there" - and in one place, even if in encrypted form. I am open to being convinced, though. :wink: You don't have to put it "out there" if you don't want to. I don't. It's far far b...
by Ged
Wed Sep 12, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10202

Re: Argument for taking social security before 70. Comments?

The thing that pushed me to delaying benefits was that I could use some additional space in a lower tax bracket for ROTH conversions, thereby reducing future RMDs.
by Ged
Mon Sep 10, 2018 4:40 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 28
Views: 2363

Re: Medallion Signature guarantee?

I did a Google search and came up with this. https://esignatureguarantee.com/pricing?utm_source=google&utm_medium=cpc&utm_term=medallion+signature&utm_campaign=E-Signature+Guarantee&utm_content=Medallion+Signature+Guarantee+-+Phrase&gclid=CjwKCAjwrNjcBRA3EiwAIIOvq3FRiTVfF3voQ-8lxu4OuBAVbpElr5HbHGXeE...
by Ged
Mon Sep 10, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 89
Views: 7512

Re: Amazon Prime - Value?

For me, yes I get plenty of value out of it. It's rare that something doesn't arrive in 2 days. Sometimes it's one day.

Plus I use Amazon's other Prime services like streaming etc.
by Ged
Mon Sep 10, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Smart plug to reboot router?
Replies: 14
Views: 1235

Re: Smart plug to reboot router?

There are some devices on Amazon that probably do what you want.

Search on IP Power Switch.

Like mmmodem suggested you may want to invest in a better router instead. My Asus RT-AC66R has never crashed in the 4 years I've had it.
by Ged
Sun Sep 09, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2203

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

My car is an Acura which I regard as a high end Honda.

I take my car to the car wash mostly to have the interior cleaned 2-3 times a year. A side effect is the exterior wash that is included as part of the package.

Now that the car is 6 years old I may take it in for a interior detail.
by Ged
Tue Sep 04, 2018 11:49 am
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 2970

Re: When do you drop collision insurance?

I would drop collision insurance when the loss of the value of the the car in an accident does not represent a significant financial burden. Insurance companies charge more than the likely loss for drivers with your history per year so they can make a profit. If you can afford the loss it is to your...
by Ged
Sun Sep 02, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Wet & Forget for roof algae?
Replies: 13
Views: 1858

Re: Wet & Forget for roof algae?

I've had good luck using a trombone sprayer for second floor applications of Wet & Forget.
by Ged
Sat Sep 01, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 3083

Re: Does leasing car leave me more freedom to invest?

Leasing the car leaves you with more capital to invest. However future investment returns are no sure thing, while avoiding the costs of the lease by buying the car is a sure thing. Logically you would assign some sort of risk premium above which it makes sense to take that risk. It is a matter pers...
by Ged
Sat Sep 01, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3147

Re: Thoughts on investing in Uranium???

- The US is the biggest market for Uranium right now and domestic production of Uranium is practically zero. Domestic producers are projected to fulfil about 2% of US reactor demand Canada has the largest highest grade Uranium deposits in the world. We get about 1/3 of our stuff from them. Otherwis...
by Ged
Thu Aug 30, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 44
Views: 7592

Re: Fidelity and their "free advisor" service?

JUST DON'T BUY THE FUNDS THEY RECOMMEND. I just love this. I am a Fidelity fan but I rarely call them but I might use more of their services in the future. I really like Fidelity. I have had money with them since my first employer set up a retirement account for me with them in 1978. I have all of ...
by Ged
Tue Aug 28, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12035

Re: How do you 7 figure guys organize multiple accounts?

I organize my multiple accounts by consolidating them as the opportunity presents into the fewest number of accounts possible.

Right now I have just a local bank account with 4 figures and a brokerage account with 7 figures.
by Ged
Sun Aug 26, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Uses of hydrogen peroxide
Replies: 4
Views: 887

Re: Uses of hydrogen peroxide

Jet fuel.

https://www.youtube.com/watch?v=cE3rhxEE5n0

The Germans used it to fuel the ME-163.
by Ged
Sun Aug 26, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership
Replies: 35
Views: 3426

Re: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership

Buy new, drive it for 10 years donate it to a family member has been my pattern. Mostly because I get bored with the car after 10 years, secondarily there is usually a family member who is driving something in need of replacement and my cars generally are low mileage since I work from home or more r...
by Ged
Sat Aug 25, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Nytimes article [S.&P. Closes at a Record]
Replies: 18
Views: 1696

Re: Nytimes article [S.&P. Closes at a Record]

Wow. Earnings have been very strong. No wonder P/E ratios have actually been coming down. I have some optimism about stocks as the economy is certainly capable of more than 2% growth rate. We are now at 3% on a sustained basis and that is a big difference from 1% or 2% sustained growth. Actually I ...
by Ged
Fri Aug 24, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 66
Views: 6315

Re: Sellers beware on eBay.

whodidntante wrote:
Sun Aug 19, 2018 5:55 pm
I have apparently been lucky selling on eBay. No issues so far, but only one high value item.
I have sold several high value items on EBay without issue. DLSR, Nikon film scanner, lenses etc.

I've had more problems with buying on EBay to be honest.
by Ged
Sun Aug 19, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3804

Re: Retirees: Timing your withdrawals

As needed in order to match expenses.

This year I'm doing some home remodeling projects (3 bathrooms) plus paying for a son's Masters degree so I have to watch the source and total carefully so I don't go over thresholds that will bump me into a higher taxation.
by Ged
Thu Aug 16, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Discarding dead cell phone without purging my data
Replies: 33
Views: 2980

Re: Discarding dead cell phone without purging my data

Thermite.

Mix 75% iron oxide with 25% aluminum powder in a clay or concrete pot. Ignite it with a soufflé torch or a butane lighter and voila, stick your phone in and watch it melt.
by Ged
Mon Aug 13, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2510

Re: Is the price of a new car a good proxy for the expense of owning it?

vineviz wrote:
Mon Aug 13, 2018 11:00 am

That means, over the first five years of ownership, you can expect the annual expense of an automobile to be approximately $1,622 + 20% of the initial purchase price.
I bet this calculation is dominated by depreciation.
by Ged
Tue Aug 07, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3738

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

GR8FUL-D wrote:
Tue Aug 07, 2018 2:34 pm
My elderly father owns a rather large piece of property in Florida
There are acreage limitations to the homestead exemption. 160 outside a municipality, 1/2 within.

Furthermore that exemption ends with the occupancy of the house by the owner or if the owner should sell.