Search found 2879 matches

by munemaker
Wed May 23, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

When you look at sales data for things like high end cars and the like, the expensive models that rich people buy are supported by income. The average 911 buyer for example makes something like 350k/year. It is the entry level models that have aspirational sales. People stretch to buy a 3 series a ...
by munemaker
Wed May 23, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

When you look at sales data for things like high end cars and the like, the expensive models that rich people buy are supported by income. The average 911 buyer for example makes something like 350k/year. It is the entry level models that have aspirational sales. People stretch to buy a 3 series a ...
by munemaker
Tue May 22, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

CantPassAgain wrote:
Tue May 22, 2018 11:18 am
Well, avoiding losses once is no trick.
I am all about making money and not losing money.
by munemaker
Tue May 22, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

randomguy wrote:
Tue May 22, 2018 7:00 pm
People that look rich tend to be rich.
Many are "All hat, no cattle." You can't tell someone's net worth by looking at their car, their house or their clothing.
by munemaker
Tue May 22, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 437
Views: 83211

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

Trophy_Husband wrote:
Sat Jan 27, 2018 8:24 pm
In order for me to prepare for retirement in 2019, I would need to convert $840k of stocks in my taxable accounts to bonds this year.
The recommended approach when approaching retirement is to gradually shift from stocks to bonds on a glide path, not move them all at once.
by munemaker
Tue May 22, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

djpeteski wrote:
Tue May 22, 2018 10:05 am
Civil servants are like anyone else.
Not exactly. They have large defined benefit pensions that are becoming less and less common in the private sector.
by munemaker
Tue May 22, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

01) I think the public sector contains many millionaires, in fact almost all of them in my state are pension millionaires and many, many are pension and healthcare multi-millionaires. This is an important aspect here. The fact that FERS retirees can continue healthcare (certain restrictions) into r...
by munemaker
Tue May 22, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 75
Views: 10651

Re: The Millionaire Next Door and civil servants

01) I think the public sector contains many millionaires, in fact almost all of them in my state are pension millionaires and many, many are pension and healthcare multi-millionaires. This is an important aspect here. The fact that FERS retirees can continue healthcare (certain restrictions) into r...
by munemaker
Tue May 22, 2018 6:36 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

https://www.caranddriver.com/honda/civic-type-r Costs about 10K more than your budget but it will more economical than most in the long run and also likely to retain its value. $20-25k more after the "market adjustment" that many dealers are charging. Are dealers still demanding that premium? I tho...
by munemaker
Mon May 21, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

There is a lot of confusion on here about what a muscle car is. From Wikipedia: Muscle car is an American term used to refer to a variety of high-performance automobiles.[1] The Merriam-Webster dictionary defines muscle cars as "any of a group of American-made 2-door sports cars with powerful engine...
by munemaker
Mon May 21, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1576

Re: Almost half of US families can't afford basics like rent and food

Read this: According to data compiled by other government agencies, the typical household considered “poor” by census officials has a car and air conditioning. For entertainment, the household has cable or satellite TV, two color televisions, a DVD player and a VCR. If children (especially boys) are...
by munemaker
Mon May 21, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1576

Re: Almost half of US families can't afford basics like rent and food

Causes are globalization, automation and, in many cases, breakdown of the family structure. Answer is education and initiative (not handouts). Work hard in elementary and secondary schools. Don't get pregnant before you can support a child. Go to college if you have the ability or take up a trade. E...
by munemaker
Mon May 21, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Re: done with Gmail
Replies: 86
Views: 8871

Re: done with Gmail

Trying to get it unlocked has been like being a Kafka novel. This should have been in personal finance. I don't know if this happens for everyone, but I assume it does. When I set up my gmail account, they give you a bunch of codes (10 I think) to use to restore your account if you ever get locked ...
by munemaker
Sun May 20, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6625

Re: Helping Adult Children (but not too much)

But I would pay for a wedding... We told our daughter how much we would pay towards her wedding. We gave them the money and told them they could spend it on the wedding, or they could do anything else they wanted with it. I hoped they would invest it for retirement, or use it towards the purchase o...
by munemaker
Sun May 20, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6625

Re: Helping Adult Children (but not too much)

What do you mean by "too much?" What are your concerns? Have not read it lately, but I do remember there was a section in the "Millionaire Next Door" on this where they refer to such help as ECONOMIC OUTPATIENT CARE. An example I remember was parents wanted their adult kid, wife and children to liv...
by munemaker
Sat May 19, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6625

Re: Helping Adult Children (but not too much)

A bit embarrassed to say we don't do a lot to help our two adult children. They do not want or need our help. We do Christmas and birthday presents but they pretty much buy everything they want so it is tough. We have been contributing to the grandchildren's 529 plans. They own homes and are doing w...
by munemaker
Fri May 18, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

CantPassAgain wrote:
Fri May 18, 2018 10:10 am
folks should pick an asset allocation, quit thinking they can predict these things and stay the course.
When I eventually get back into the bond fund, I will try to remember to post here regarding whether I was able to avoid any losses by temporarily going to the MMF.
by munemaker
Fri May 18, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60
Replies: 106
Views: 6802

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

Don't rule out Toyota 4Runner, Subaru Outback and Forest if you don't mind a bit harsh ride and noise. But the utility and off-road capability is super. Among all these, Q5 combined all the luxury, utility and performance and styling. Unless you are into off-roading, why would you consider a 4 Runn...
by munemaker
Fri May 18, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Qualify for Obama care for a part of the year.
Replies: 24
Views: 717

Re: Qualify for Obama care for a part of the year.

Glockenspiel wrote:
Fri May 18, 2018 11:04 am
Do you mean the Affordable Care Act?
Obamacare IS the Patient Protection and Affordable Care Act of 2010.

https://www.thebalance.com/what-is-obam ... ow-3306065

Pretty much common knowledge.
by munemaker
Fri May 18, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

You could be right or wrong who knows. I was in 100% stock funds until 3 yrs before reitement. Why, because I knew nothing about bonds funds and did not want to own them. Now almost 2 years into retirment I have a large percent of my money in my stable value fund. Pays 3%. Why because I like the id...
by munemaker
Fri May 18, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

If anything, I am the stupid one here because 49 posts into this discussion, I am still not understanding the advocacy for bond funds in a rising interest environment. That applies to me too! Would you prefer to buy when prices are higher and interest payments (ie yields) are lower ? The point is t...
by munemaker
Thu May 17, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

I would prefer to buy when there is an expectation that I will receive a positive return, or at least break even. Here's my view. I generally don't believe in or practice market timing, but this one is so obvious (to me), I couldn't let it go. I don't really care so much about the price or the yiel...
by munemaker
Thu May 17, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

NAV doesn’t go down when interest rates go up as expected, it goes down when they go up more than expected. Just like how stocks are priced for future expectations not results as they come out. Why is that so hard to understand? Disclaimer: I’m 100/0. To estimate how a change in interest rates can ...
by munemaker
Thu May 17, 2018 9:15 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4307

Re: New motorcycle rider

I started riding at 50. All the above post have good advice. When I was considering to start riding a law officer who had seen plenty of accidents tried to talk me out of it. She only supported me when I told her I would only do group rides. The increased visibility of being in a group of motorcycl...
by munemaker
Thu May 17, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

If anything, I am the stupid one here because 49 posts into this discussion, I am still not understanding the advocacy for bond funds in a rising interest environment. That applies to me too! Would you prefer to buy when prices are higher and interest payments (ie yields) are lower ? The point is t...
by munemaker
Thu May 17, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Live Long and Prosper? Solving the Retirement Income Challenge (livestream now)
Replies: 6
Views: 860

Re: Live Long and Prosper? Solving the Retirement Income Challenge (livestream now)

Listening live...thanks for posting

edit: 1:39 EST - These people are not Bogleheads. It seems like they never heard of the "4% rule." Not much into individual responsibility,they want the government to solve our "retirement problem."
by munemaker
Thu May 17, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

fantasytensai wrote:
Thu May 17, 2018 9:25 am
If anything, I am the stupid one here because 49 posts into this discussion, I am still not understanding the advocacy for bond funds in a rising interest environment.
That applies to me too!
by munemaker
Thu May 17, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4307

Re: New motorcycle rider

I suspect that the motorcycle enthusiasts that regard us as nervous nellies have not seen firsthand the trauma that can result from a motorcycle injury. Nor the long term consequences. I am saying this as an experienced rider who was seriously injured when a deer appeared out of nowhere and hit me ...
by munemaker
Thu May 17, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4129

Re: Bed Bugs

If you are already paying for pest control, would this not be covered? My in-laws had a carpet beetle invasion and the pest control company came out. They identified the bugs, sprayer and it was covered under their annual contract. This is a lot more serious and expensive than routine pest control.
by munemaker
Wed May 16, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

Don't buy a v6 mustang, camaro, or charger/challenger. Aside from being boring to drive, it will be completely worthless in a few years where as the v8 version should retain value pretty well. Besides, everyone laughs at the guy driving a v6 camaro/mustang. Hahaha, so true! You guys are wrong. I th...
by munemaker
Wed May 16, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60
Replies: 106
Views: 6802

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

Cyclesafe wrote:
Wed May 16, 2018 9:29 am
My wife is scared to drive the RX past 80.
My wife would be scared to drive a Maserati past 80.
by munemaker
Wed May 16, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 3919

Re: Do I tell Social Security I retired?

Since once upon a time SS benefits were tax free at the Federal level, I think it may be short-sighted to consider 85% of benefits being taxable to be a discount, compliments of Congress... Yes, people don't know the history. The government gives you (your) money with one hand, and then takes some ...
by munemaker
Wed May 16, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4307

Re: New motorcycle rider

queso wrote:
Wed May 16, 2018 9:15 am
More often than not motorcycle fatalities are single vehicle accidents.
You can go through a lot of misery from a multiple-vehicle motorcycle accident when you are not killed.
by munemaker
Wed May 16, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 3919

Re: Do I tell Social Security I retired?

Is there another Social security analyzer I could try? thanks If you have a Vanguard account at the Flagship level, you can access Financial Engines through the Vanguard web site (after you log in). Financial Engines has a nice SS analyzer that is free to Flagship customers, and possibly others (40...
by munemaker
Wed May 16, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%
Replies: 81
Views: 7363

Re: YTD: VBTLX down 2.28%; VBILX down 2.99%; VTSAX down 0.23%

Index Fan wrote:
Wed May 16, 2018 7:49 am
Am I the only one here that is annoyed with Vxxxx ticker symbols that are never identified by OP's?
You should have these 3 committed to memory. It only takes a sec to google them.
by munemaker
Tue May 15, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60
Replies: 106
Views: 6802

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

gronkman wrote:
Tue May 15, 2018 7:54 pm

I love my Q5, has needed only a few fixes after 9 years and 90,000 miles.
Is this you in the YouTube video?

https://www.youtube.com/watch?v=ohxZ99K8TRM
by munemaker
Tue May 15, 2018 9:35 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4307

Re: New motorcycle rider

1.Take a beginner course even though you already know the basics. You will still learn something and you will be a better rider at the end. Many many motorcycle accidents are 50 year old guys getting back into riding after the kids are gone. They're not all 22 year old's on sport bikes. 2. For a bi...
by munemaker
Tue May 15, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

chevca wrote:
Tue May 15, 2018 7:22 pm
My feeling is the OP wants a daily driver and a modern car.
Agree. A recent year Mustang or Camaro with the smaller engine is what he wants. No vintage cars, no mods. And the smaller engines in these cars are strong performers, equivalent to the muscle cars back in the day.
by munemaker
Tue May 15, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60
Replies: 106
Views: 6802

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

My wife and I have been doing a lot of research on vehicles and we are planning on test driving these 3 SUV's next weekend. She wants a two row luxury SUV with a lot of the new safety features, but still wanted to get decent gas mileage. I would think the Lexus would be the best as far as reliabili...
by munemaker
Tue May 15, 2018 7:19 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4307

Re: New motorcycle rider

As an experienced rider who has logged 65,000 miles, I advise you to forget it. It is incredibly dangerous out there today due to distracted drivers, and motorcyclists are extremely vulnerable. I got hit by a deer going 65 mph and suffered some serious injuries, and I was wearing all the safety gear...
by munemaker
Tue May 15, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

Good point... the 302 was Camaro only. The early Nova's could have the 283, the mid-60's could have the 327 (which was a nice little engine), and by the late 60's the Nova could be ordered with a big block. Hopefully mid meant the 283 or 327. The later 307 was a dog! Mid was saying people changed o...
by munemaker
Tue May 15, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7094

Re: Is there a boglehead muscle car?

Not to mention the guys that ordered an Impala with a the big block and a Nova with a 302 and then swapped them. Are you sure you don't mean ordered the Nova with a 307? The only Chevrolet that was available with a 302 was the Z/28 Camaro, and that was to comply with rules for racing in the Trans A...
by munemaker
Tue May 15, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to use our land temporarily - let them or not?
Replies: 48
Views: 5994

Re: Neighbor wants to use our land temporarily - let them or not?

We own a residential lot in a resort area of Florida affected by Hurricane Irma.. We do not live in Florida. Received a call from a neighbor for permission to use our land to store materials and forklifts for their new tile roof. Hurricane destroyed it. Would you give permission? Liability concerns...
by munemaker
Tue May 15, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Stock & Bond Market Forecast
Replies: 18
Views: 2256

Re: Stock & Bond Market Forecast

I noticed something odd on the Vanguard 2018 outlook. On page 30, there is a bar graph which shows that saving more gives about a 18% higher probability of success while spending less gives only about a 4% higher probability of success. I would have expected "saving more" and "spending less" to be ...
by munemaker
Mon May 14, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3097

Re: Bicycle insurance? when you're in the roadway like a car

My son was hit by a motorist while riding a bicycle. He was not at fault. My insurance agent said his medical expenses would be covered by our auto insurance. When we checked in to the ER, the hospital insisted that we provide our medical insurance, and I insisted that I was not going to because thi...
by munemaker
Mon May 14, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 3919

Re: Do I tell Social Security I retired?

Flymore wrote:
Mon May 14, 2018 7:51 pm
Retired over a year ago at 60, do I need to tell Social Security I'll have no more income?
If so where do I do it? I've signed into the Social Security website and haven't been able to find any information.

thanks
No, there is no provision for you to tell them you retired, and they don't care.
by munemaker
Mon May 14, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2241

Re: Best way to define "rich"?

I'd say a net worth of at least $2M Personally I would say $5M, but I did find this: Now you need an average of $2.4 million to be considered a wealthy person in America, according to the survey by Charles Schwab, which surveyed Americans aged 21 to 75. reference: http://time.com/money/4825116/how-...
by munemaker
Mon May 14, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 1996

Re: Investing in Sports Betting Opportunities

Personally I will just stick with a diversified equity mutual fund rather than betting on individual stocks for one potential opportunity. I think you will do better over the long run with a diversified approach.