Search found 551 matches

by KlingKlang
Thu Feb 22, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1340

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

Are you going to be renting out these properties or using them personally? If you rent them out you have just gotten yourself a new job of being a landlord. If they are for your personal use you have just exchanged income producing assets for expense producing assets - property taxes, coop fees, ins...
by KlingKlang
Wed Feb 21, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: What UN-frugal thing do you do?
Replies: 165
Views: 8041

Re: What UN-frugal thing do you do?

Use Verizon for our family cell phone service. We still only get two bars at our house, with all other services we get none.

P.S. Never go to a Verizon Authorized Retailer named Victra.
by KlingKlang
Sat Feb 17, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10747

Re: What has been your most important skill in achieving financial independence?

Marrying a smart frugal hard working woman. Any advice on that front? :D My worst date ever was with a girl who looked at the menu (this was in 1982) and exclaimed "There's nothing on here over $25!", this apparently being her criterion for whether a restaurant was any good or not. My future wife w...
by KlingKlang
Sat Feb 17, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1301

Re: Working for a MegaCorp vs a Small Business

I've worked at three super-megacorps in my life - WX, GE, and IBM (summer intern). One of the things that I had to do at IBM was make a list of all of the managers between me and the CEO - 17 levels! At my Westinghouse orientation week the CEO flew in on a helicopter with his bodyguards and gave us ...
by KlingKlang
Thu Feb 15, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 7
Views: 1043

Re: I Bonds - now or later in the year?

follow this https://tipswatch.com/2018/01/09/i-bond-investors-heres-your-buying-guide-for-2018/ While the Seeking Alpha articles are interesting, I still think that they are basically much ado about nothing. He doesn't emphasize that you are going to eventually (in less than 6 months) pick up the n...
by KlingKlang
Thu Feb 15, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 7
Views: 1043

Re: I Bonds - now or later in the year?

Even if you buy the I Bonds toward the end of this month you will still get the new May 2018 inflation adjusted portion of the rate starting in August 2018. The only permanent rate change is the fixed portion of the rate which is currently at 0.1%. For bonds purchased May 1 or later it could go down...
by KlingKlang
Wed Feb 14, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 65
Views: 4076

Re: Is This Action by Megacorp Legal?

There's no harm of adding that the investment firm involved is Fidelity, which makes this occurrence even more surprising. Indeed. Did your friend contact Fidelity and ask them what happened? What did they say? Just had this happen to me last summer. Previous employer's 401(k) stable value fund was...
by KlingKlang
Tue Feb 13, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9416

Re: Job is starting to suck the life out of me.

Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called everybody, and they meet at the bar. Drew Carey Read more at: https://www.brainyquote.com/quotes/drew_carey_389085 Sorry, but what everyone else has told you is true. Just do enough to keep your paycheck and...
by KlingKlang
Mon Feb 12, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by KlingKlang
Mon Feb 12, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3256

Re: moving my mother's "escape" fund to me

My mother and father had a tumultuous relationship when I was younger. At one point she thought she might need to escape, and saved up a large amount of money in case that event happened. It is currently in a joint account with my aunt's name as the primary account holder, and my mother's name as t...
by KlingKlang
Sun Feb 11, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 4728

Re: Family expecting “comps”

Just wanted to point out that when you give family and friends freebies or discounts at your business you have to charge your other customers more to make up for it. It's probably better policy to send them gift certificates or discount vouchers as gifts and then process everything at the store the ...
by KlingKlang
Thu Feb 08, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by KlingKlang
Thu Feb 08, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls.
by KlingKlang
Mon Feb 05, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Calling it right now.
Replies: 18
Views: 3584

Re: Calling it right now.

I worked for Westinghouse Electric for ten years and as a contractor for GE and its spinoffs for another ten years and it looks like history is repeating. The dinosaur died but they can keep going for years by cutting up the corpse and selling it off piecemeal. I still have 300 shares of GE that I a...
by KlingKlang
Mon Feb 05, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Recent (future) EE Bond purchases ?
Replies: 6
Views: 347

Re: Recent (future) EE Bond purchases ?

Obviously you have to decide for yourself whether the chance of higher returns with EE Bonds held for 20 years is better than the guarantee of matching inflation with I Bonds or just purchasing market rate investments. Personally I think that the chances of short term rates exceeding 3.5% in the nex...
by KlingKlang
Sat Feb 03, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about employer not paying all I am owed
Replies: 29
Views: 2548

Re: Worried about employer not paying all I am owed

Definitely start looking for a new job. If your employer can't manage his finances well enough to pay his employees he is probably also cheating his customers, suppliers, and the IRS. Did you even get a W-2 for 2017 yet? If so does the amount on the W-2 match your actual pay or what you were promise...
by KlingKlang
Sat Feb 03, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Life Balance of spending and saving
Replies: 54
Views: 4596

Re: Life Balance of spending and saving

In your situation this is more a matter of spending time than spending money. How many months a year will the pool be usable? How many hours a week do you expect to use it? How many hours a week will you have to play lifeguard while your kids and their friends use it? How many hours a week will it t...
by KlingKlang
Wed Jan 31, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 1595

Re: Opportunity to buy company stock at a discount

This sounds like a pretty typical Employee Stock Purchase Plan (ESPP). As others have mentioned the gotchas are how the purchase price is calculated, how long you give the company an interest free loan between your contributions and the actual purchase, and the holding period before you can sell. Al...
by KlingKlang
Mon Jan 29, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Auto accident - use insurance or self pay
Replies: 11
Views: 692

Re: Auto accident - use insurance or self pay

I would report this to your insurance company and let them handle it.

There may be three or four honest people in the world but the rest of the time these incidents escalate into overpriced repair bills and outrageous medical claims. Let the professionals deal with it.
by KlingKlang
Mon Jan 29, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3932

Re: what do/did you do with your evenings with a Toddler in winters ?

Teach toddler to bring you a beer, it's good prep for summer. :sharebeer Stop that! I just ruined another keyboard! One bright idea that I had that actually worked was to get our daughter a Step 2 climber https://www.step2.com/p/naturally-playful-woodland-climber (not identical but you get the conc...
by KlingKlang
Fri Jan 26, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 48
Views: 3424

Re: Ways to Protect Assets Without a Prenup

I'd like some advice on any decisions that can be made in advance of my marriage this October to protect pre-marital assets. A prenup is off the table for me Why?? Do you trust each other enough to fully commingle your assets? - Then do it. If you don't then maintain your separate accounts. Distrib...
by KlingKlang
Fri Jan 26, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing uninterested DW we have enough...
Replies: 13
Views: 1620

Re: Convincing uninterested DW we have enough...

Just leave this for after the cruise. Don't do anything to aggravate or worry her and just enjoy the trip. :oops: BON VOYAGE! :beer That's great matrimonial advice but sooner or later you have to have a real world discussion. I see no reason to work beyond the age of 60 and may be ready sooner. Any...
by KlingKlang
Fri Jan 26, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12661

Re: Starting to feel like the late 1990s?

Been there done that.

Also remember that bonds aren't failsafe. Splitting your rebalancing between bonds and cash may help you to sleep at night.
by KlingKlang
Fri Jan 26, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: Is it likely we return to historical real bond yields?
Replies: 17
Views: 1813

Re: Is it likely we return to historical real bond yields?

Which part of history? The close to 16% 10 year treasury note yields of 1980 look great until you remember how it felt to spend $1 more every week to fill up your car.
by KlingKlang
Wed Jan 24, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 8826

Re: Working in the real world

Thank you for all of the replies. Again I apologize for what was basically a kneejerk reaction to someone who I thought was trivializing the effort needed to generate discretionary earned income. I was laid off in 2014 and do not expect to work again due to some major health problems. My wife has co...
by KlingKlang
Wed Jan 24, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16269

Re: Dear wife quits job and now we are down to 1 income

Just a couple of small suggestions: That $67k emergency fund could earn about $80/month in interest if you transferred it into a 1.40% online savings or money market account. Every little bit helps. With your incomes basically cut in half and a new child your income tax bills should be dramatically ...
by KlingKlang
Tue Jan 23, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 8826

Re: Working in the real world

Has your daughter and her boyfriend actively shopped/networked/applied for more lucrative positions in different locales? Where are they employed or did they come home and find what they could in their hometown? A lot of steady industries are in major growth right now, amazed finance and engineerin...
by KlingKlang
Tue Jan 23, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 8826

Re: Working in the real world

I realize that this is basically a vent but sometimes I wonder if I am crazy or everyone else is. Where do you live? All the jobs sound low to me. My nephew started as an accounting dept employee (b.s. In business) at $45k per year and at least 3 weeks vacation. He works 40-45 hrs a week. NE Ohio. ...
by KlingKlang
Tue Jan 23, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?
Replies: 40
Views: 3659

Re: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?

Yes.

I have 'made' more so far this month than I ever was paid for a year when I was working.

About the only thing that I can do is to aggressively rebalance back to my asset allocation target.
by KlingKlang
Tue Jan 23, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 8826

Working in the real world

First of all I want to apologize for an emotional reaction that I had to a previous post https://www.bogleheads.org/forum/viewtopic.php?f=1&t=239049 . It was due to a claim that someone could make $80k/year working part time in semiretirement. I understand that many of the posters on this board are ...
by KlingKlang
Mon Jan 22, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 77
Views: 9111

Re: The Power of Working Longer

Almost everyone has the option of saving more. The option of working longer may not be under your control. To repeat the points made by TomP10 and KlangFool , your health issues, family health issues, age discrimination, and corporate downsizing are all factors that may keep you from working as long...
by KlingKlang
Sun Jan 21, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: New investor cash on hand ??
Replies: 9
Views: 944

Re: New investor cash on hand ??

Welcome to the forum! Things that it would be nice to know: - How old are you? - What is your asset allocation between stocks and bonds? - Are your investments after tax or in retirement accounts, if so what kind? Opinions are divided on whether retirees need to maintain a separate emergency/living ...
by KlingKlang
Sun Jan 21, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 177
Views: 21765

Re: TurboTax Prices

I purchased TurboTax Deluxe CD with state for $39.86 at Amazon on 1/6/18. I believe it has been this price all month. I just received an email from Turbotax they are running a sale from Jan 21 -27 and it is $35.87. List price is $59.99. Next year I will target the 3rd week of January. :happy Thanks...
by KlingKlang
Wed Jan 17, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 567

Re: [How to reserve funds for final expenses]

You can prepay funeral expenses at a funeral home. My mother did that. She and I met with the funeral director and reviewed all her options including quality of casket. They provided a written plan for her funeral as a result. The funeral home insured her funeral through an insurance company which ...
by KlingKlang
Sun Jan 14, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cash reward for payment
Replies: 10
Views: 1313

Re: Credit card cash reward for payment

But I can not find the credit cards that offer cash reward for payment (not purchase). For example, I can pay my rent to the land lord, my child care expense to the child care provider, my utility bills using credit cards. So, I want to use a credit card that can give me cash reward on these monthl...
by KlingKlang
Sun Jan 14, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Do you correct cashier mistakes?
Replies: 41
Views: 2266

Re: Do you correct cashier mistakes?

I think that I have but it's been so long that I don't remember exactly. The ratio of mistakes in the stores' favor to mine has to be hundreds to one. The last time that I was at Walmart and the cashier charged me for extra bottles of soda she made me go over to the customer service desk and wait in...
by KlingKlang
Sun Jan 14, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4557

Re: Budgeting Vs Savings Rate

I’m interested in how some of the more frugal members in here were able to get more buy in from family to stay frugal. Easiest way is to find a frugal partner and raise your kids to be frugal also. I'm not sure how feasible it is to convince other adults to make major permanent modifications in the...
by KlingKlang
Thu Jan 11, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2906

Re: Antarctica [anyone traveled there?]

My stupid opinion is that everything will depend on the weather/sea/ice/wildlife conditions at the exact time and place that you arrive. It may be the experience of a lifetime or you may not be able to see your hand in front of your face before it cracks off. At my age I think that I'll just stay ho...
by KlingKlang
Thu Jan 11, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance options. Not good with this kind of stuff
Replies: 4
Views: 311

Re: Need help with insurance options. Not good with this kind of stuff

While health insurance is useful for routine doctor visits, prescriptions, and lab tests, its real purpose is to save you from financial disaster in case you need to be hospitalized and rack up six or seven figure medical bills. I've never heard of an employer plan that limits your ACA options. Can'...
by KlingKlang
Wed Jan 10, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Computers Suck
Replies: 18
Views: 1454

Re: Computers Suck

All of the elderly retirees that I know are too cheap and technophobic to buy a computer, pad, or smartphone - they just call me up when they want some information. An exception might be some that are active on social media or use tech to keep in contact with their friends and family. Echo Silver is...
by KlingKlang
Tue Jan 09, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Simply Not on the Same Plane As You
Replies: 25
Views: 4596

Re: I'm Simply Not on the Same Plane As You

I wouldn't criticize this allocation for a guy who is headed to 70.

Leaving your kids aside for a moment, how well does your income and assets cover your current expenses, future medical expenses, and future long term care expenses?
by KlingKlang
Tue Jan 09, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Advice sought: can/should we pay for a bigger rental place?
Replies: 21
Views: 931

Re: Advice sought: can/should we pay for a bigger rental place?

Does the dog bark incessantly because it is left home alone while the two of you are at work or does it just bark all of the time? Either way I sympathize with your neighbors. The new rental may or may not be a solution to this problem. If you can afford daycare for the (potential) baby maybe you sh...
by KlingKlang
Mon Jan 08, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 2951

Re: protecting future inheritance

metrunt wrote:
Mon Jan 08, 2018 1:15 pm
I don't know what that expression is.
The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke
by KlingKlang
Sun Jan 07, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6840

Re: Life at a crossroad: seeking advice

You have gotten some great advice and perspectives from the previous posters. I have worked in Engineering Research, Manufacturing Engineering, and Engineering Consulting and didn't find any of these positions to be inherently more stressful that the others. For me the biggest stress factor was havi...
by KlingKlang
Fri Jan 05, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2481

Re: Seeking Advice To $$ Mess

Since no one has mentioned it yet you should at least check to see how much income they would receive if they put half of their funds into a Single Premium Immediate Annuity (SPIA). This product provides the highest guaranteed income for life but has no residual value after they die. Return is based...
by KlingKlang
Thu Jan 04, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: Effects of extreme cold weather
Replies: 107
Views: 9855

Re: Effects of extreme cold weather

I now live in the less frigid Washington DC area (although very, very cold now), but many years ago, when I lived in the colder foothills of the Catskills (NY State) and had a 60's VW Beetle - sometimes in the winter cold, my car would often barely turn over with the starter to start. My father had...
by KlingKlang
Thu Jan 04, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Higher net worth / lower cash flow - How to Invest
Replies: 23
Views: 2308

Re: Higher net worth / lower cash flow - How to Invest

FunkytownInvestor wrote:
Thu Jan 04, 2018 1:52 pm
Real estate crowd funding / limited partnership investments - $450k
I have no idea what this means. Since it's tied as your largest asset could you provide additional details?
by KlingKlang
Sun Dec 31, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Ever drink Chartreuse?
Replies: 16
Views: 1568

Re: Ever drink Chartreuse?

blmarsha123 wrote:
Sun Dec 31, 2017 8:46 pm
Ah, yes. Green Chartreuse and pineapple juice. Another blast from the past.
Green Chartreuse + pineapple juice + lime juice= Swampwater!

They used to have ads for it on the back of our college spiral notebooks in the 70s.
by KlingKlang
Sat Dec 30, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7313

Re: The Economics of a new Puppy

My pointless anecdote. I am so glad that my wife is not a dog (or animal) person. It is something we agreed upon (no household pets) before we got married. My mother is in a never-ending cycle of this with my stepfather and step-sister. One of their dogs pass (they have had at least 3 at all times ...
by KlingKlang
Fri Dec 29, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: VUSXX vs. TreasuryDirect
Replies: 10
Views: 1110

Re: VUSXX vs. TreasuryDirect

"VUSXX and owning T-Bills are not the same thing," but no other details were given. I'm not sure about how detailed this is but the biggest difference between VUSXX and T-Bills in Treasury Direct is that you can request a withdrawal from VUSXX at anytime but with Treasury Direct you have to wait un...