Search found 1820 matches

by Uncle Pennybags
Wed Nov 01, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

kayanco wrote:
Fri Sep 08, 2017 4:23 pm
Yes, you are right, I don't consider investing in other currencies.
Crypto "currencies" are not currencies, they are property. I have zero invested in "crypto", my crazy money goes into high end cigar "investing". That is property I can touch and on occasion test for proper aging.
by Uncle Pennybags
Wed Nov 01, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

In the grand scheme of things a $75.00/year subscription for Quicken is insignificant for its functionality for me -- ... What I don't like is the ransomware aspect of the venture capitalists way of doing business. I have until April 2020 to learn the big boys way of keeping records, Excel. I will ...
by Uncle Pennybags
Wed Nov 01, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

... This signing in all of the time is a pain in the butt. You shouldn't have to. I gather from reports that the transition from Intuit to Quicken servers wasn't ideal, but it should save your new Quicken ID. There was a recent update, R15.1. It may fix your sign-in problems. There is no problem; o...
by Uncle Pennybags
Thu Oct 26, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

michaeljc70 wrote:
Wed Oct 25, 2017 6:55 pm
I guess it is beneficial to buy a 2017 version if I can get a good price. It sounds like I'll be good for 2 1/2 years.
I've seen Premiere for $35. I wish I stayed with 2014 and did manual entries. This signing in all of the time is a pain in the butt.
by Uncle Pennybags
Wed Oct 25, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

michaeljc70 wrote:
Wed Oct 25, 2017 5:49 pm
Is there a specific date 2017 is good until or is based on when you set it up?
April 30, 2020 is the date 2017 will no longer be supported.
https://www.quicken.com/support/quicken ... ion-policy
by Uncle Pennybags
Wed Oct 25, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

I just got an email offering 10% off;
"Premier for Windows
Maximize your investments
$67.49/yr".
That's three times as much as 2017. I'm glad I bought a 2017, I'm good until 2020.
Quicken proudly proclaims they will not hold your financial life hostage in a ransom ware attack if you don't pay.
by Uncle Pennybags
Wed Oct 25, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1117280

Re: U.S. stocks in freefall

One of the most significant factors affecting your stock returns is when you enter the market and when you exit -- your investment horizon. If luck wasn't a major determinant of returns, that wouldn't be true. Not unlike games of chance. The earlier one gets in the market the better, it's not marke...
by Uncle Pennybags
Fri Oct 06, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5992

Re: Pension Freeze - What did you do?

Since you are a saver, it may be to your advantage that future contributions are now in your name. That depends on what the company match is, what investments are offered and at what expense ratio. There is a vast difference in plans. A good plan invested the Boglehead way is preferable to an annui...
by Uncle Pennybags
Fri Oct 06, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5992

Re: Pension Freeze - What did you do?

I looked up "represented employee" as a new term to me- I am one, but our union is not very powerful, so I expect nothing from them but pointing out the discrepancy between management's words and actions. You have a contract and federal law to protect you. No one can take away what you have vested ...
by Uncle Pennybags
Fri Oct 06, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 110
Views: 11919

Re: VG wants everyone to transfer to a brokerage account?

Hmm glad to see others facing the same dilemma. What is the fundamental difference between the retirement account I have and a brokerage account? There must be some disparity otherwise no reason for the conversion. I was strong armed into converting and don't care for it. It totally messed up my ac...
by Uncle Pennybags
Fri Oct 06, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 71
Views: 5992

Re: Pension Freeze - What did you do?

I assume you are not a represented employee. They can't take back what you have vested in the defined benefit plan. All companies are doing away with defined benefit plans and switching to defined contribution plans. Depending on the company match and investment choices you can do better investing o...
by Uncle Pennybags
Thu Oct 05, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 22138

Re: 30,000 in Checking Account

look for a high interest checking account. I hold 3 so I can keep $35K in cash earning 4%. If you're planning to do the roth just make that investment and get it in there. How many things a month do you have to do to get 4% in and FDIC insured account. With three accounts I would guess about 60.
by Uncle Pennybags
Thu Oct 05, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51923

Re: Equifax customer information leak

I just signed up for letter notification with the US Post Office and they used Equifax to ID me so a freeze or lock makes life difficult. The easy and right thing would be to let one pull a complete credit report once a day instead of once a year for free. Problems solved.
by Uncle Pennybags
Tue Oct 03, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1617
Views: 290394

Re: What are you up YTD? [Year To Date]

moshe wrote:
Tue Oct 03, 2017 9:16 am
.so those dividends are really a return of capital
Bond interest is considered a dividend/income, it comes out of and lowers the share price but it does not reduce one's cost basis. A return of capital is not a taxable event and reduces one's cost basis.
by Uncle Pennybags
Tue Oct 03, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51923

Re: Equifax customer information leak

The reason why there isn't a centralized website is because the three credit reporting bureaus are private firms. These private firms can be forced to offer services like a free credit report. The problem is people have to face the consequences alone when they have a stolen ID, it doesn't make head...
by Uncle Pennybags
Tue Oct 03, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51923

Re: Equifax customer information leak

DiggleRex wrote:
Tue Oct 03, 2017 8:00 am
But I don't understand why, especially now, there isn't one centralized website (like a .gov website), where all three can be frozen/unfrozen instantly,
That is not in the business interests of our politicians. There will be a dog and pony show on the hill today, I'll be watching. :?
by Uncle Pennybags
Sun Oct 01, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

If money get stolen, how would they figure out if it was due to Quicken? I mean, there are breaches at banks and retail locations all the time. Now a breach at a credit bureau. Internal employees steal. The banks don't like customers giving passwords to third parties. What bothers me is I have to s...
by Uncle Pennybags
Sat Sep 30, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

My question is if one was the victim of a fraudulent attack and was using this feature from within Quicken, would that individual have personal exposure when trying to recover losses from a financial institution? Essentially one is providing account and login information to a third party. Citi made...
by Uncle Pennybags
Fri Sep 29, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

I would not be surprised for Quicken to eventually become a software that is cloud based with an associated monthly fee. This is because most transactions are on mobile phones. Phones don't have the power or storage to run the PC software. Microsoft just announced Office 2019, a stand alone office....
by Uncle Pennybags
Fri Sep 29, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

I'm locked out even signing on for 2015 and 2017. Thankfully I only use Quicken like a check book and nothing important. Hi Uncle Pennybags - Imagine if one needed Quicken for Cost Basis reporting at tax time. I am thankful that Vanguard provides this service to Shareholders. Best. I use Turbo Tax ...
by Uncle Pennybags
Fri Sep 29, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard advisor on dividends
Replies: 71
Views: 7977

Re: Vanguard advisor on dividends

I don't "drip into individual stocks" but I do reinvest my index dividends. I hope Vanguard keeps really good track of my account because I plan on never selling. If it's a taxable account you pay tax every year on the dividends. A few years ago dividends were treated like long term capital gains b...
by Uncle Pennybags
Fri Sep 29, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

I'm locked out even signing on for 2015 and 2017. Thankfully I only use Quicken like a check book and nothing important. I sure wish I could look carefully at your Quicken install and general setup just to find out what the heck is wrong. YB How will that get them to send me a code? I guess I don't...
by Uncle Pennybags
Thu Sep 28, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

Youngblood wrote:
Thu Sep 28, 2017 3:36 pm
Uncle Pennybags wrote:
Thu Sep 28, 2017 3:22 pm
I'm locked out even signing on for 2015 and 2017. Thankfully I only use Quicken like a check book and nothing important.
I sure wish I could look carefully at your Quicken install and general setup just to find out what the heck is wrong.

YB
How will that get them to send me a code?
by Uncle Pennybags
Thu Sep 28, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard advisor on dividends
Replies: 71
Views: 7977

Re: Vanguard advisor on dividends

Here is another article on Ronald Read (The Janitor Next Door). It also mentions Jack Bogle & Jeremy Siegel. Enjoy this article... https://www.joshuakennon.com/janitor-ronald-read-leaves-behind-8000000-secret-fortune/ That's how we invested back in the day before index funds and low cost paperless ...
by Uncle Pennybags
Thu Sep 28, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 471
Views: 58504

Re: Quicken's future direction - a cause for concern

I'm locked out even signing on for 2015 and 2017. Thankfully I only use Quicken like a check book and nothing important.
by Uncle Pennybags
Thu Sep 28, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

am wrote:
Sun Sep 17, 2017 10:11 am
I don't think you need to understand the fine inner workings of cryptocurrencies to invest (speculate :D ).
Most investors don't even understand the different ways to "hold" "coins". Some are better than others.
by Uncle Pennybags
Thu Sep 28, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1117280

Re: U.S. stocks in freefall

wrongfunds wrote:
Thu Sep 28, 2017 12:24 pm
Number of replies to this topic should make it very clear that few people get what you just wrote!
Since the markets go up most of the time, new highs shouldn't be all that uncommon.
From July 2007 it took VTI over five years to hit a new high. That's a lifetime to younger investors.
by Uncle Pennybags
Wed Sep 13, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard advisor on dividends
Replies: 71
Views: 7977

Re: Vanguard advisor on dividends

Widows and orphans like dividends, old people too.
Widow-And-Orphan Stock Verizon is down 9% YTD; they still increased the dividend paying over 5%.
I know that is so last century, so am I.
by Uncle Pennybags
Wed Sep 13, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

The more I read about "coin" the more I realize I will never truly understand them. Never invest in something one does not understand. You've more than made your point. Since you admittedly don't understand BitCoin, maybe you can stop distracting those who are trying to learn. Did you see the shinn...
by Uncle Pennybags
Wed Sep 13, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25969

Re: Name something you had to have and now you regret purchasing it?

heyyou wrote:
Wed Sep 13, 2017 12:13 pm
A collaterized commodities futures (CCF) fund in 2007

Equities will outgrow inflation if the investor stays the course for the long term.
The only commodities I like are the ones I can hold, gold and cigars. I don't regret purchasing them.
by Uncle Pennybags
Wed Sep 13, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6308

Re: Nice "mistake."

saltycaper wrote:
Mon Sep 11, 2017 1:21 pm
oes Mr. Bogle root for the Jets? If we could find that out, we'd really be getting somewhere.
I don't know, he lives in Montclair NJ near Yogi's "fork in the road" so he might be a baseball fan.
by Uncle Pennybags
Wed Sep 13, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

Thanks for the link. It was an interesting read, but I'll guess that you are relying on technical analysis. Technical analysis is useless for predicting the future. I call them as I see them, much like picking the winner of a football game. Actually the "experts" are pumping a floor of $3000 so tha...
by Uncle Pennybags
Wed Sep 13, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

Thanks for the link. It was an interesting read, but I'll guess that you are relying on technical analysis. Technical analysis is useless for predicting the future. I call them as I see them, much like picking the winner of a football game. Actually the "experts" are pumping a floor of $3000 so tha...
by Uncle Pennybags
Wed Sep 13, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4184
Views: 1117280

Re: U.S. stocks in freefall

Like a "stocks in unsustainable bubble" thread. There have been quite a few but none have the staying power of this thread. When the 5% "correction" comes this will show the ups and downs of the market. It used to pop up after a 2% drop, the 1% drop. Then the drops stopped and we got board. Word on...
by Uncle Pennybags
Wed Sep 13, 2017 11:01 am
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2469

Re: Market timing using Gold-Lumber indicator

nedsaid wrote:
Wed Sep 13, 2017 10:16 am
These type of strategies tend to work well until they don't.
To quote Mike Tyson, "everybody has a plan until they get hit in the face".
by Uncle Pennybags
Wed Sep 13, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25969

Re: Name something you had to have and now you regret purchasing it?

Chuck wrote:
Wed Sep 13, 2017 10:18 am
AllieTB1323 wrote:
Wed Sep 06, 2017 1:38 pm
Our trailer trailer. It is now on consignment at a local dealer. Live and learn.
Wow, I know how hard it is backing up with a trailer, but I can't imagine the difficulty of backing a trailer trailer!
Those are illegal in New Jersey.
by Uncle Pennybags
Wed Sep 13, 2017 10:22 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

kayanco wrote:
Wed Sep 13, 2017 10:13 am
Uncle Pennybags wrote:
Wed Sep 13, 2017 10:06 am
Look for a dead cat bounce at $3,000
Can you explain this please, I'm not familiar with this reference.
Let me search that for you.
by Uncle Pennybags
Wed Sep 13, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51923

Re: Equifax customer information leak

anoop wrote:
Wed Sep 13, 2017 8:14 am
That's what I wanted to do as well, but I found that you lose key features...
The cell I use is voice and text only fits in a shirt pocket. If I must have portable Internets I use a tablet.
by Uncle Pennybags
Wed Sep 13, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

At this time Bitcoin is trading at $3,744, which amounts to a 26% drop from the record high of $5,020 hit on September 2.
Look for a dead cat bounce at $3,000
by Uncle Pennybags
Wed Sep 13, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2469

Re: Market timing using Gold-Lumber indicator

Oil used to be the leading indicator. It took the market six months to realize that fracking drove down the price not a lack of demand. This is why a retail investors' only hope is the Boglehead way of investing.
by Uncle Pennybags
Wed Sep 13, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16714

Re: Bitcoin in 3-fund indexed portfolio?

kayanco wrote:
Wed Sep 13, 2017 7:38 am
Swelfie wrote:
Mon Sep 11, 2017 5:36 pm
redstar wrote:
Tue Sep 12, 2017 3:56 pm
Price is below $4000 currently ... Any thoughts on when might be a good buying opportunity?
2010 when it was six cents. Now is the time to sell.
by Uncle Pennybags
Wed Sep 13, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Wiki article - Bitcoin
Replies: 37
Views: 4700

Re: Wiki article - Bitcoin

This is something that is too risky to be even be considered as an investment, in my opinion. Legitimate option trading is too risky for the casual investor. Trying to compete with insiders at their game is like a beer league softball player trying to hit a big league chin high fastball. They are g...
by Uncle Pennybags
Wed Sep 13, 2017 7:24 am
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2469

Re: Market timing using Gold-Lumber indicator

aegis965 wrote:
Wed Sep 13, 2017 12:01 am
SSRN is fake!?
It is not peer reviewed.
by Uncle Pennybags
Wed Sep 13, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51923

Re: Equifax customer information leak

anoop wrote:
Wed Sep 13, 2017 1:20 am
Once they have all your information from Equifax, they can...
https://mobile.nytimes.com/2017/08/21/b ... rency.html
I use a prepaid cell phone. Who knew I was ahead of the curve. Good luck hackers calling Verizon to port my number. :P
by Uncle Pennybags
Wed Sep 13, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 11214

Re: The 10 year car ownership "rule"

bovineplane wrote:
Wed Sep 13, 2017 6:30 am
Uncle Pennybags wrote:
Tue Sep 12, 2017 12:09 pm
A police car could never last 10 years but a fire truck has a much longer useful life.
Not sure I agree.
I said Mayberry is the exception not the rule.
TD2626 wrote:
Wed Sep 13, 2017 7:00 am
Wouldn't you add the value of the car to your net worth, ...
No. I also don't count my snow blower in my net worth.
by Uncle Pennybags
Wed Sep 13, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze affects SSA online account
Replies: 22
Views: 2957

Re: Credit Freeze affects SSA online account

Rupert wrote:
Wed Sep 13, 2017 6:40 am
Just to be clear, people go to jail for identity theft all the time.
I'm talking about the money changers. They never go to jail, in fact they get bailed out.
by Uncle Pennybags
Tue Sep 12, 2017 11:44 pm
Forum: Personal Consumer Issues
Topic: NHTSA issues new report on self-driving car manufacturer responsibilities
Replies: 3
Views: 451

Re: NHTSA issues new report on self-driving car manufacturer responsibilities

Tamales wrote:
Tue Sep 12, 2017 11:22 pm
Just stay away from commenting on any perceived political motivation for this outcome, and focus on the actual outcome.
Less regulation is good for business.
by Uncle Pennybags
Tue Sep 12, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2469

Re: Market timing using Gold-Lumber indicator

That is a "fake" scholarly paper site. Anyone can submit anything and they will publish it. The "it's" in the title was placed by the web site. Its spelled correctly in the scholarly paper. Shocking fake stuff on the Interweb.
by Uncle Pennybags
Tue Sep 12, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze affects SSA online account
Replies: 22
Views: 2957

Re: Credit Freeze affects SSA online account

Posted September 8, 2017: Although we sometimes use Equifax to help verify your identity when setting up a my Social Security account, Social Security never shares Social Security numbers with Equifax. For concerns regarding the Equifax data breach, please contact Equifax directly at 866-447-7559 o...