Search found 2212 matches

by GoldenFinch
Tue Sep 29, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: "My Financial Toolbox" -- A Gem
Replies: 10
Views: 1223

Re: "My Financial Toolbox" -- A Gem

I really don’t agree with him that the benefits of tax loss harvesting are “oversold.” I think it’s more likely that the benefits are often misunderstood. There are many worthwhile benefits.
by GoldenFinch
Mon Sep 28, 2020 4:18 pm
Forum: Forum Issues and Administration
Topic: Forum attains 100,000 members
Replies: 24
Views: 2074

Re: Forum attains 100,000 members

I can thank my former financial advisor for losing a large retirement check. I ended the relationship and moved my stuff back to Vanguard. This site was instrumental in helping me understand what to do. I decided to hang around and haven't looked back. You have definitely made a huge contribution! ...
by GoldenFinch
Mon Sep 28, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: What fund(s) are in your taxable account?
Replies: 74
Views: 3561

Re: What fund(s) are in your taxable account?

VIGAX Vanguard growth. It pays low dividends and I like what’s in it.
by GoldenFinch
Sun Sep 27, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get a mortgage if I don't need one?
Replies: 26
Views: 3115

Re: Should I get a mortgage if I don't need one?

I probably wouldn’t bother because I’m lazy and don’t like bills, but my accountant would say take the mortgage for the deduction because it would be a write off. Rates are really low, so if you like leverage, this is probably as good as it gets.
by GoldenFinch
Sun Sep 27, 2020 2:42 pm
Forum: Personal Consumer Issues
Topic: The One Who Pays
Replies: 33
Views: 3882

Re: The One Who Pays

Time for you to retire from being The One Who Pays. :happy Tell your children that now that you have reached current XX age, you are glad that they will now be treating you to dinners out and that they can look forward to the same treatment from their children when they reach XX age. Then say, “See,...
by GoldenFinch
Fri Sep 25, 2020 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 2917

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

There are so many things that could go wrong with your assumptions and put your family in a difficult spot financially if you buy the 900K house. I would find a more affordable house and focus on something else.
by GoldenFinch
Mon Sep 21, 2020 3:34 pm
Forum: Personal Consumer Issues
Topic: I found a random cord going into my subfloor?!?!
Replies: 13
Views: 1853

Re: I found a random cord going into my subfloor?!?!

We had a cord like that in our house when I was kid and it started a fire (which is how it was discovered). Definitely get an electrician.
by GoldenFinch
Mon Sep 21, 2020 5:15 am
Forum: Investing - Theory, News & General
Topic: Cash that's been on sidelines for 2-3 months
Replies: 9
Views: 1571

Re: Cash that's been on sidelines for 2-3 months

My thoughts on XLE are that I wish I bought it now instead of five years ago. Actually, I wish I had never bought it and had bought more VTSAX instead.
by GoldenFinch
Mon Sep 14, 2020 8:50 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28068

Re: Family member has one million in one stock , doesn't want to cash out

I’ve been following this thread from from the beginning and I just want to say that I hope this all works out okay for your Dad in the long run.
by GoldenFinch
Sat Sep 12, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: is it time to pay off my 2.375% mortgage?
Replies: 39
Views: 3600

Re: is it time to pay off my 2.375% mortgage?

That is such a low rate I would not pay it off.
by GoldenFinch
Fri Sep 11, 2020 8:28 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3458

Re: Neccesities for a Man Cave

A whiskey bar, water cooler, two poker tables, poker chips, six high quality card decks, dice, safe, cameras, humidor, sauna, shower, large supply of venison jerky and frozen game meat, stereo system capable of blasting Smoke on the Water to seismic levels, mural interpretation of dogs playing poke...
by GoldenFinch
Fri Sep 11, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3458

Re: Neccesities for a Man Cave

About 1200+ square feet. Ideally, a separate building for the primary man cave and the secondary man cave in the entire home basement. :shock: Central A/C n heat Bathroom Kitchen, microwave, frig. TV, internet 57 Chevy Street Rod with floor lift Stereo playing 50's and doo wop or disco or Stones or...
by GoldenFinch
Fri Sep 11, 2020 4:44 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3458

Re: Neccesities for a Man Cave

1. The man. B. The cave. Third. Whatever makes the guy content. Lastly. Pinball machines, pool table, dart board with stock symbols, lava lamp, electric train around the ceiling...I don’t know. Disclaimer: I’m not a man and have never been in a man cave (as far as I know) so that’s the best I can co...
by GoldenFinch
Mon Sep 07, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab - account aggregation
Replies: 28
Views: 2080

Re: Charles Schwab - account aggregation

I have accounts at Vanguard and Schwab and elsewhere. I manually enter all accounts at Vanguard, but don’t want to give Schwab all of my info for other accounts. Maybe Shcwab’s aggregator is secure, but if it isn’t, I don’t want to find out the hard way. It’s not difficult to update the aggregate a...
by GoldenFinch
Mon Sep 07, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab - account aggregation
Replies: 28
Views: 2080

Re: Charles Schwab - account aggregation

I have accounts at Vanguard and Schwab and elsewhere. I manually enter all accounts at Vanguard, but don’t want to give Schwab all of my info for other accounts. Maybe Shcwab’s aggregator is secure, but if it isn’t, I don’t want to find out the hard way. It’s not difficult to update the aggregate ac...
by GoldenFinch
Mon Aug 31, 2020 5:05 am
Forum: Investing - Theory, News & General
Topic: Do we really have to lower our Safe Withdrawal Rate to 0.5% now?
Replies: 15
Views: 2627

Re: Do we really have to lower our Safe Withdrawal Rate to 0.5% now?

This article is an example of what can happen sometimes when a numbers person wallows in the data a little too much.
by GoldenFinch
Sun Aug 30, 2020 4:14 pm
Forum: Personal Consumer Issues
Topic: Lead paint and house offer accepted
Replies: 47
Views: 3484

Re: Lead paint and house offer accepted

I live in area of homes from the 1920s and 30s and they all have lead paint. All children are tested at their annual pediatric visit when they are young (I don’t remember exact age) for lead exposure. Ours all tested very low in the normal range even though we live in a house full of lead paint. We ...
by GoldenFinch
Sat Aug 29, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 338
Views: 21796

Re: Winklevoss: The Case for $500,000 Bitcoin

In 2013 the Winklevoss twins filed for creation of a bitcoin ETF, and got it assigned the ticker symbol COIN. They have continuously announced that it was just a few months away from regulatory approval, at least through 2018. Perhaps they've finally stopped, I'm not sure. Many stories about how so...
by GoldenFinch
Sat Aug 29, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: "Jack Bogle's Simple Advice for Investors"
Replies: 60
Views: 6287

Re: "Jack Bogle's Simple Advice for Investors"

I recognize that what I'm about to say is heresy on this site, but as a 73 year old who's been investing for about 40 years I'm really glad I was sold some variable annuities about 15 years ago. The interest rate environment was totally different, which allowed the issuers (Met Life and AXA/Equitab...
by GoldenFinch
Mon Aug 24, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 10028

Re: A Plea for Ordinary English

CardioMD wrote: Mon Aug 24, 2020 7:27 pm Buy.

That’s about as complicated as I get when it comes to investing.
I wholeheartedly agree, CardioMD!

To nisiprius, thank you so much for describing the Poisson distribution. That is a lovely description.
by GoldenFinch
Mon Aug 24, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: A Plea for Ordinary English
Replies: 128
Views: 10028

Re: A Plea for Ordinary English

If everyone could just use “advice” and “advise” correctly and maybe “lose” and “loose,” I won’t complain.

(I’m not complaining now, either. Just a suggestion.) :happy
by GoldenFinch
Sat Aug 08, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21496

Re: Anyone else hoarding cash right now?

WildCat48 wrote: Sat Aug 08, 2020 1:52 pm We are sitting on just under $5M in cash which is a bit more than usual for us.
I think you could probably afford to use some of that to buy a couch or a couple chairs to make yourselves a little more comfortable. :wink:
by GoldenFinch
Thu Aug 06, 2020 8:42 pm
Forum: Investing - Theory, News & General
Topic: Carry on or Take your toys and go home ?
Replies: 102
Views: 9254

Re: Carry on or Take your toys and go home ?

If you have won the game why not pick your ball and go home? I remember one night years ago when Bobby was running the dice pit. It was a slow weekday and only one table was still open. Around 1:00am the table was ahead six figures. So what did Bobby do? He closed the game and sent the crew home. T...
by GoldenFinch
Wed Aug 05, 2020 7:38 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 201
Views: 21496

Re: Anyone else hoarding cash right now?

I stopped investing in my taxable back in March and can't bring myself to start again. I'm still investing automatically in my 401k. I'm just holding onto my cash in case of a worst case scenario if society collapses and I need liquid funds. I don't mean the case where you'd have to live in a bunke...
by GoldenFinch
Wed Aug 05, 2020 7:02 am
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 61
Views: 9306

Re: Afraid to take the leap

Stef wrote: Wed Aug 05, 2020 12:17 am This thread is old. I'm fully invested now and never looking back.
You took the leap and weathered the storm. :beer
by GoldenFinch
Sun Aug 02, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Move to NE Ohio?
Replies: 71
Views: 4374

Re: Move to NE Ohio?

I know NE Ohio well! Cleveland Heights around the Fairmount / South Taylor area is great if you are a city person who wants to live in the suburbs. It is almost a smaller version of Evanston IL, but probably a bit safer. You can walk to Cedar Lee restaurants and movie theater and there is a cute bre...
by GoldenFinch
Fri Jul 31, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Speed bump in front of your house — affect on home value
Replies: 54
Views: 4022

Re: Speed bump in front of your house — affect on home value

Are you sure they are doing parking lot style speed bumps and not speed tables? You want the cars to slow not stop. The thump thump followed by accelerating away will drive you nuts. OR People speed because your street is too wide. Some variation of road diet or chicanes would probably be better fo...
by GoldenFinch
Fri Jul 31, 2020 11:21 am
Forum: Personal Consumer Issues
Topic: Speed bump in front of your house — affect on home value
Replies: 54
Views: 4022

Re: Speed bump in front of your house — affect on home value

I would pass on a house on a street with speed bumps, all else being equal. The city next door to mine had an ongoing battle about putting speed bumps on one long street that has an elementary school at the end. Neighbors fought for a year and they ended up with the speed bumps. The speed bumps did...
by GoldenFinch
Fri Jul 17, 2020 6:00 am
Forum: Personal Consumer Issues
Topic: Who switched my windshield wiper arms?
Replies: 69
Views: 8741

Re: Who switched my windshield wiper arms?

Someone switched your wipers with their wipers, but messed up the installation on your car in their haste. It was the old switcharoo gone wrong. There is an old poem about that which many may not be familiar with: An Ode to my Windshield Wipers: One day I turned my wipers on And noticed something ha...
by GoldenFinch
Tue Jul 14, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ever hide money from yourself?
Replies: 46
Views: 2934

Re: Ever hide money from yourself?

sport wrote: Tue Jul 14, 2020 6:28 pm My father used to say: What does it mean if you put your hand in your pocket and find $10? It means you are wearing someone else's pants. :twisted:
That’s funny! :happy
by GoldenFinch
Sat Jul 11, 2020 7:37 am
Forum: Investing - Theory, News & General
Topic: A portfolio is like a birthday cake:
Replies: 30
Views: 2953

Re: A portfolio is like a birthday cake:

It should be noted that you need to have a strategy for not eating the cake all at once in a moment of weakness.

(After reading this thread, I really want a piece of cake.)
by GoldenFinch
Wed Jul 08, 2020 3:51 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?
Replies: 153
Views: 7755

Re: Thinking of buying myself a luxury item.. Is LV wallet a legit purchase?

A few years ago, you posted: I am stepping into my 30s at the end of this year. 30 is generally taken as a milestone age in a person's life. Most people in this forum have accomplished building a significant asset (I believe at least half here are millionaires). To become as financially successful ...
by GoldenFinch
Thu Jul 02, 2020 4:03 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 929
Views: 56010

Re: What are you listening to now

Why am I stuck on Led Zeppelin?
by GoldenFinch
Sat Jun 27, 2020 11:03 am
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 245
Views: 14902

Re: What is the single best piece of exercise equipment you bought for your home?

rustymutt wrote: Wed Jun 24, 2020 12:19 pm You won't believe this, but it's my lawn mower. I use regularly and sweat up a storm. This will continue til I can't do it anymore.
I believe it. I have a reel mower. It’s good exercise and makes our lawn look really nice.
by GoldenFinch
Mon Jun 22, 2020 2:30 pm
Forum: US Chapters
Topic: Happy Birthday Mel Lindauer - 6/22/2020
Replies: 58
Views: 4029

Re: Happy Birthday Mel Lindauer - 9/22/2020

Early or not, Happy Birthday! :happy
by GoldenFinch
Thu Jun 18, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 352
Views: 25459

Re: Optimizing PPP Forgiveness

Okay makes sense. As a sch C with no employees it seems there is no reason to choose 8 weeks. Although I suppose it would prevent me from claiming unemployment until the 24 weeks is up? This is the consideration I have right now. I am receiving the $600 FPUC in addition to my state's UI and should ...
by GoldenFinch
Wed Jun 17, 2020 8:41 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3584

Re: Cash out refi with 100% Equity?

Every 30-something I know who has a mortgage is investing for retirement at the same time. Hardly seems like the end of the world to me. These 30 year olds (the OP) are ahead of the game though. I’m sure many of those mortgaged 30 year olds would like to be debt free so they could invest even more....
by GoldenFinch
Wed Jun 17, 2020 1:58 pm
Forum: Personal Consumer Issues
Topic: Psychologist career pros and cons
Replies: 23
Views: 2113

Re: Psychologist career pros and cons

One con is a high burnout rate.
by GoldenFinch
Wed Jun 17, 2020 7:37 am
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 123
Views: 14609

Re: Should I sell my stash of dental floss now worth $3,000?

I didn’t click on this thread yesterday because it was such a weird title I was afraid of what it might say. This is so funny. Good luck with your decision! I’m sure whether you sell it or keep it you will be happy. Although, what if you sold it, invested the money and then in a year or two when the...
by GoldenFinch
Sun Jun 14, 2020 6:27 am
Forum: Investing - Theory, News & General
Topic: Incredible Returns
Replies: 67
Views: 6179

Re: Incredible Returns

I am 65 and retired. During some of my working years I worked in a bank. Bankers are privileged to see many people's lives financially. Majority of bankers are just like their customers and looking for a way to obtain wealth. My experience is that the easiest way to obtain wealth is to inherit it. ...
by GoldenFinch
Sat Jun 13, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Incredible Returns
Replies: 67
Views: 6179

Re: Incredible Returns

How many years has this colleague been showing you his success? Unless it is a decade or so, it is meaningless. Even then, he may lose it all someday if he/she keeps doing it. Started showing me his returns sometime around early 2019. We finished 2019 with his returns maybe a couple of percent abov...
by GoldenFinch
Fri Jun 12, 2020 2:39 pm
Forum: Personal Investments
Topic: Is it bad to be a "day trader"?
Replies: 51
Views: 3077

Re: Is it bad to be a "day trader"?

livesoft wrote: Fri Jun 12, 2020 12:50 pm
Can folks with a million dollar portfolio actually sell $50,000 of their bond fund and buy equity funds on a day like yesterday?

Definitely yes, but it can be difficult psychologically for the less experienced. (Ask me how I know.)
by GoldenFinch
Fri Jun 12, 2020 12:42 pm
Forum: Personal Investments
Topic: Is it bad to be a "day trader"?
Replies: 51
Views: 3077

Re: Is it bad to be a "day trader"?

livesoft wrote: Fri Jun 12, 2020 11:17 am
Homework: If one has a nominal 60:40 asset allocation and the market drops to 55:45, what fraction of bond funds must one sell and use to buy stock fund?
11.1% :happy

Do I get an A-?
by GoldenFinch
Thu Jun 11, 2020 6:15 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16452

Re: Thoughts on today's sell-off?

Just check your asset allocation and if you are under your desired weight in equities, then today is not a bad day to buy more equities to get closer to your desired weight in equities. That’s what I did. I rebalanced on Monday and rebalanced back today. I figured 5 or 6 percent was pretty good. Ot...
by GoldenFinch
Thu Jun 11, 2020 4:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20240
Views: 2763241

Re: U.S. stocks in free fall

Up 34% from the March cliff. Very dramatic way to get back to May 27ish.
by GoldenFinch
Wed Jun 10, 2020 8:38 pm
Forum: Personal Investments
Topic: Dad pulling retirements out of market. Advice Please!
Replies: 84
Views: 10543

Re: Dad pulling retirements out of market. Advice Please!

^^^ Thank you for the update. I’m glad everything worked out well.
by GoldenFinch
Wed Jun 10, 2020 4:29 pm
Forum: Personal Consumer Issues
Topic: Good dusting cloth (that doesn't just move dust around) Also Air Purifiers?
Replies: 41
Views: 2687

Re: Good dusting cloth (that doesn't just move dust around) Also Air Purifiers?

We find that a pack of plain white washcloths from Costco (I think they are intended for motels and such) works pretty well if we dampen them with water. Wash until they get permanently dingy and then demote to garage use. We use these too. First use a damp cloth with vinegar and water and then go ...
by GoldenFinch
Tue Jun 09, 2020 5:02 pm
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5472

Re: What happens to all my digitized photos when I die?

It’s a bit sad when walking through an antique shop there are beautiful portraits of children etc, sitting lonely on the shelves. It may be better just to leave behind a few of the best pictures and frame them because many others possibly won’t get looked at down the line.
by GoldenFinch
Tue Jun 09, 2020 2:21 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10070

Re: Dave Ramsey mentioned bogleheads today

I think Ramsey does a great job helping people become disciplined with their finances. I think there is room for both Ramsey and Bogleheads in this world. I wonder how many Bogleheads are disciplined financially on their own, and how many have used the Ramsey methods to turn themselves around? I kn...
by GoldenFinch
Tue Jun 09, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10070

Re: Dave Ramsey mentioned bogleheads today

Paying higher expense ratios than you have to is like choosing to throw some of your money out the car window. Dave Ramsey is at the point where he could still make a ton of money without promoting non-index funds, but he chooses not to go that route.