Search found 2145 matches

by knpstr
Sun Dec 16, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I buy a PIN prepaid debit card with a credit card for rewards bonus
Replies: 10
Views: 448

Re: Can I buy a PIN prepaid debit card with a credit card for rewards bonus

I've read that some people have gotten their accounts shutdown for doing this by Chase (and I believe American Express). I also think some people have done it and gotten away with it. I think you are clearly trying to take advantage of the "system" doing what you proposed (i.e. avoiding the service ...
by knpstr
Thu Dec 06, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor suggesting 90/10
Replies: 41
Views: 3105

Re: Vanguard advisor suggesting 90/10

In my mid 30s I have 100% of my "paper investments" in equities. I do have rental real estate and a relatively small "cash" reserve for liquidity purposes. I don't have any bonds.


Hopefully I still have a 50+ year investment horizon.
by knpstr
Tue Dec 04, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Refusing to pay rent until maintenance is performed
Replies: 16
Views: 2198

Re: Refusing to pay rent until maintenance is performed

Let’s say a rental needs maintenance actions to resolve heat/ac, plumbing, leak, etc. issues. Can a tenant refuse to pay rent until those maintenance actions are performed? It depends. On the jurisdiction if it allows this. On the severity of the problem (is the place still safe/habitable). On the ...
by knpstr
Tue Dec 04, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5062

Re: Out of Stocks to Pay Off Mortgage

You say you have a large 401k and that has enough exposure to the market. Ask yourself this: If someone could guarantee you 4.625% return on your 200k while your home value (hopefully) continues to grow, would you do it? I'd pay off the mortgage and get that guaranteed 4.625% return. Just to be cle...
by knpstr
Mon Dec 03, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Out of Stocks to Pay Off Mortgage
Replies: 73
Views: 5062

Re: Out of Stocks to Pay Off Mortgage

You say you have a large 401k and that has enough exposure to the market. Ask yourself this: If someone could guarantee you 4.625% return on your 200k while your home value (hopefully) continues to grow, would you do it? I'd pay off the mortgage and get that guaranteed 4.625% return. Just to be cle...
by knpstr
Sun Dec 02, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3327

Re: What would you do with $6,000 in gold and silver?

make gold chain and silverware. Gold is the pretty. Silver is good for to make utensil. Just an FYI: we have a bunch of silverware (silver plate). I brought it to the place where I sell my silver coins now. They pay whatever the base metal is worth......so close to nothing. Obviously the first pers...
by knpstr
Thu Nov 29, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).
Replies: 32
Views: 3395

Re: $25k -18 days Galapagos & Machu Picchu Trek (family of 4).

Cusco has amazing hiking, but highly recommend steering clear of Macchu Picchu and doing basically anything else--I did Choquequirao and Inca Trail/Macchu Picchu and highly recommend the former. It's also super cheap and there's no need to book hotels in advance of your stay really. In fact may be ...
by knpstr
Thu Oct 25, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693217

Re: U.S. stocks in freefall

The recent run up in the last 2 years has been so dramatic I still "feel" ahead if the DJIA is above 20,000.

It's still a 19.55% decline from here to hit 19,999.
by knpstr
Wed Oct 24, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25913

Re: PSA: Don't buy a big house

Your title should be PSA: Don't buy a McMansion. I shudder thinking about living in one of those cookie cutter soul sucking cathedrals of urban sprawl. My friends parents moved from a great house to a full on McMansion in his freshman year of college right on the frontier of the sprawl in our city....
by knpstr
Thu Oct 18, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30619

Re: IWC Watch, any thoughts?

A good looking watch! If you can afford it, why not? People disapproving are hypocrites. It is highly likely they are driving a car that is not the cheapest available, yet all cars get one from point a to b. However, I have no input to the specifics of that (or any) watch brand. I'm not sure the an...
by knpstr
Thu Oct 18, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17095

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

You won't actually get $900 million or whatever amount they advertise. They'll discount the annual payments to present value if you take a lump sum. Then you'll pay income taxes (37% Federal plus state and local, if any). They may not withhold the full amount but you'll still have to pay it. It's u...
by knpstr
Wed Oct 17, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Would you ever buy a lottery ticket?
Replies: 32
Views: 1394

Re: Would you ever buy a lottery ticket?

Rarely, sometimes just when the jackpot gets very large, like now.

No expectation to win any money.
by knpstr
Mon Oct 15, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4171

Re: How Much Is Your Sewer Bill?

I consume around 235,000 gallons of water per year. How are you using so much water? ~19,500 gallons a month? Showers and lawn watering mostly. I have a shower with 6 heads. My showers typically last 40-60 minutes. Very relaxing and cheaper than regular massages. I water my lawn daily. It looks fab...
by knpstr
Mon Oct 15, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: How Much Is Your Sewer Bill?
Replies: 78
Views: 4171

Re: How Much Is Your Sewer Bill?

DanMahowny wrote:
Sun Oct 14, 2018 5:34 pm
I consume around 235,000 gallons of water per year.
How are you using so much water? ~19,500 gallons a month?
by knpstr
Wed Oct 03, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Anyone ordered a vehicle through a dealership?
Replies: 40
Views: 3224

Re: Anyone ordered a vehicle through a dealership?

We are in the market for a new truck. We have a local dealership where we service and purchase our vehicles. We are looking for a particular vehicle, but we are not seeing it on their lot. Has anyone ordered a vehicle before? How does the process work. Is there any room for negotiation with 2019 ve...
by knpstr
Wed Oct 03, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2619

Re: Did Jeff Bezos just pull a Henry Ford?

Amazon just raised the minimum wage for its employees, about 250,000 affected workers, to $15 an hour. The company said it would also lobby Washington to raise the federal minimum wage, which has been set at $7.25 for almost a decade. As I remember the story, Henry Ford decided to pay his workers m...
by knpstr
Sun Sep 30, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4620

Re: Warren Buffet Portfolio Critique

What are your reasons for choosing those portfolios saying they will likely return the same or higher return (at least as good) as the 90/10 portfolio? Partly I chose my examples to illustrate that the "Buffet Portfolio" is just two Vanguard funds held in an arbitrary allocation. This was an excuse...
by knpstr
Sun Sep 30, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4620

Re: Warren Buffet Portfolio Critique

What are your reasons for choosing those portfolios saying they will likely return the same or higher return (at least as good) as the 90/10 portfolio? Partly I chose my examples to illustrate that the "Buffet Portfolio" is just two Vanguard funds held in an arbitrary allocation. This was an excuse...
by knpstr
Sun Sep 30, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4620

Re: Warren Buffet Portfolio Critique

What do y'all make of the advice Warren Buffets suggests? 90%-- S&P 500 Index Fund Admiral Shares (VFIAX) 10%-- Short-Term Treasury Fund Admiral Shares (VFIRX) It's a great portfolio! There are many other portfolios that are at least as good. What are your reasons for choosing those portfolios sayi...
by knpstr
Sun Sep 30, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4620

Re: Warren Buffet Portfolio Critique

What do y'all make of the advice Warren Buffets suggests? 90%-- S&P 500 Index Fund Admiral Shares (VFIAX) 10%-- Short-Term Treasury Fund Admiral Shares (VFIRX) It's a great portfolio! Contrary to opinions here, Buffett suggests that this is a great allocation for anyone to use. He added the comment...
by knpstr
Sat Sep 29, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4698

Re: College Student Performance Issues

Are you paying for schooling? If yes, you can have some control -- you can cut funds. If no, she's an adult and you can't really do anything. It sounds like this behavior is "normal" since you said this is how she behaved in high school, why would it be different now? How do you know she is skipping...
by knpstr
Thu Sep 27, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett Books
Replies: 55
Views: 6409

Re: Warren Buffett Books

abuss368 wrote:
Thu Sep 27, 2018 2:55 pm
I started to read The Snowball - all 900 pages. The first chapter was a little rough to get going but I am keeping an open mind. I have read Lowenstein’s Buffett so I am not sure how much difference 900 pages will make.
Great biographies.
by knpstr
Thu Sep 27, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Am I using facebook correctly?
Replies: 43
Views: 3425

Re: Am I using facebook correctly?

No, I don't think you are using it "correctly".
by knpstr
Wed Sep 26, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: Investment types in a no-growth environment
Replies: 35
Views: 2783

Re: Investment types in a no-growth environment

Hi everyone, I was discussing with a friend recently about investments strategies, more particularly in a world with limited future growth prospects and I would like to have your opinion. So let's make the assumption that Long term growth at the global level is limited or non-existent (given the sc...
by knpstr
Fri Sep 21, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 Forward P/E ratio - Are stocks highly valued?
Replies: 75
Views: 5599

Re: Are stocks highly valued?

Are stocks highly valued? willthrill81: There are many ways to value stocks. It doesn't matter to me. I avoid market-timing and stay-the-course. Best wishes. Taylor +1 I've determined I cannot accurately value stocks nor predict markets, that is what attracted me to indexing. It is a great strategy...
by knpstr
Thu Sep 20, 2018 2:37 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: 4070

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

I've read a lot of opinions on the forums claiming that unleveraged real estate returns are comparable to stock market returns and others claiming that unleveraged real estate returns are just barely a notch above inflation and that all of the stock-like return comes from the leverage. Obviously th...
by knpstr
Fri Sep 14, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 140
Views: 11106

Re: Can I buy a Tesla?

Do you think it would be crazy for someone making $75,000/year to buy a $16,500 car? Sounds reasonable to me; that is the same price:income ratio as you are talking about.
by knpstr
Fri Sep 14, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Should I get a new iPhone?
Replies: 43
Views: 3769

Re: Should I get a new iPhone?

I think maybe wait till the next round of releases and reevaluate then.
by knpstr
Thu Sep 13, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

Also, what's all this about most people buy with rebates. Really? I thought nowadays, most carriers require you to buy the phone outright (either in cash or equal payments for the full value), and the days of getting a deal if you sign up for 1 or 2 years is pretty much gone. She won't be switching...
by knpstr
Thu Sep 13, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

They're the most valuable company on the planet for a reason! $1100 for a smart phone is just ludicrous for a lot of people. That's MacBook territory. I'm interested to see if the "cheapo" version (iPhone Xr: $750) sells better. Lots of consumer psychology in how to choose. I think for quite a few,...
by knpstr
Thu Sep 13, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

This would apply to me...I use my phone for everything and don't even have a home computer any more. The only time I need a computer is when at work using my work computer. I have a 6s that still works but when the time comes I will probably get the X max of whatever year it happens to be...I use m...
by knpstr
Thu Sep 13, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

But isnt the Avalon just a Camry with nicer trim? Nope, it's significantly larger. I guess size does matter? Just for some perspective: The interior volume of a Avalon is 102.9 a Camry is 99.3 so the Avalon is 3.6% larger on the inside. Avalon is 2% longer and 0.5% wider. This is significant? The X...
by knpstr
Thu Sep 13, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: What do I do with my investments during a downturn/recession?
Replies: 24
Views: 2884

Re: What do I do with my investments during a downturn/recession?

During a downturn you just keep contributing money to add to your position.
by knpstr
Thu Sep 13, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

Most electronics get cheaper over time: Cameras, TV's, Computers, etc. Apple is trying to reinvent the wheel and most people don't need these features (AR and Facial Recognition/Animojis). Same with cars to some degree with the overkill safety and tech features. I want quality and aesthetics but mo...
by knpstr
Wed Sep 12, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16187

Re: iPhone XS Max

They're the most valuable company on the planet for a reason! $1100 for a smart phone is just ludicrous for a lot of people. That's MacBook territory. I'm interested to see if the "cheapo" version (iPhone Xr: $750) sells better. Lots of consumer psychology in how to choose. I think for quite a few,...
by knpstr
Wed Sep 12, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: The Atlantic: 'Why is College In America So Expensive?'
Replies: 27
Views: 2727

Re: The Atlantic: 'Why is College In America So Expensive?'

But for-profit colleges are often nose-bleed expensive, because while they have incentives to keep costs down, they have no incentive to actually deliver a quality education in exchange for their fees. Is not the "incentive" to deliver on a quality education so others will be attracted to enroll? T...
by knpstr
Wed Sep 12, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: The Atlantic: 'Why is College In America So Expensive?'
Replies: 27
Views: 2727

Re: The Atlantic: 'Why is College In America So Expensive?'

Seems like a line by line average cost compared to the rest of the developed countries would be a good way to compare things.
by knpstr
Tue Sep 11, 2018 6:14 pm
Forum: Personal Consumer Issues
Topic: Bike computer or Apple Watch?
Replies: 49
Views: 3724

Re: Bike computer or Apple Watch?

peterinjapan wrote:
Fri Sep 07, 2018 9:49 am
Honestly, the Apple Watch is amazing, and a new version is around the corner. I recommended looking at one if you’re already an iPhone user.
What is so amazing about the watch?
by knpstr
Fri Sep 07, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6694

Re: 100% Bonds to boost returns?

Buffet does not time "the market", nor does he ever buy "the market" He is a value investor who buys companies when he thinks they trade below his idea of their intrinsic value. Additionally, he concentrates his investments which indicates he does not buy "the market" When he has spoken of buying "...
by knpstr
Fri Sep 07, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6694

Re: 100% Bonds to boost returns?

But there is no sense in ignoring expected returns. To stubbornly "stay the course" is-- assuming you use expected returns for financial planning, which, really, you should/must-- to basically say "I'm going to shoot for the outlier outcome in equities where we beat return expectations instead of t...
by knpstr
Thu Sep 06, 2018 6:55 am
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6694

Re: 100% Bonds to boost returns?

The economic fundamentals of US equities are such that they are mathematically likely to return less than bonds over the next 10 years. No. They. Are. Not. You cannot assign any significant mathematical likelihood to a Random Walk. That is the root of your problem and the reason why you are seeking...
by knpstr
Wed Sep 05, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey actually suggested borrowing money?
Replies: 38
Views: 3933

Re: Dave Ramsey actually suggested borrowing money?

Am I dreaming? In yesterday's hour 3 call, a caller owed $6800 on a car that is worth $5000. The car needed a new engine that would cost ~$1300. I listened to this twice to make sure I heard this correctly, but DR actually suggested taking a $2000 loan to cover the negative car equity, and another ...
by knpstr
Wed Sep 05, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: 100% Bonds to boost returns?
Replies: 61
Views: 6694

Re: 100% Bonds to boost returns?

Jebediah wrote:
Mon Sep 03, 2018 8:55 pm
it seems only logical to be 100% bonds at this time.
Let us know how it goes for you! Good luck!
by knpstr
Fri Aug 31, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

Because unless you're going to 100% equities, the 3% real I-bonds are likely better bonds than any other bond options you can buy today. And since you can't 'sell' the Ibonds on the open market where you would get a premium for the 3% real rate, but instead only redeem them, you would not be compen...
by knpstr
Fri Aug 31, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

He's been doing a lot of that in this thread. He is clearly trolling. No not trolling. Pointing out contradictions being made. My only position is that stocks are likely better investments than I-bonds for the very long term 30+ years. I'm just engaging with people who disagree with that. I'm very ...
by knpstr
Fri Aug 31, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

I have some shares of VTSAX that have an annualized 10% return for the last 10 years. I'd trade in those 3% Ibonds for some VTSAX. Bonds are a terrible long-term investment relative to equities . Trade in those Ibonds and "lock up" some VTSAX shares. :moneybag Fantastic advice if you can teleport m...
by knpstr
Fri Aug 31, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

He's been doing a lot of that in this thread. He is clearly trolling. No not trolling. Pointing out contradictions being made. My only position is that stocks are likely better investments than I-bonds for the very long term 30+ years. I'm just engaging with people who disagree with that. I'm very ...
by knpstr
Fri Aug 31, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

Interesting opinion you have. That over the long run Ibonds are a better investment than stocks. However, your second sentence is something that: (a) I did not say, (b) that I don't necessarily agree with. I only said that selling ALL ones ibonds RIGHT now to buy all stocks is terrible advice. That...
by knpstr
Fri Aug 31, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5272

Re: Will I ever sell Ibonds from 2001 - 3% fixed

The use of maybe doesn’t suggest I believe I bonds will outperform or that equities will outperform. It means “it’s anyones guess”. Right, I believe I gave that disclaimer before asking your opinion when I stated: "I know the future cannot be accurately predicted, that being said, I'm curious:" -- ...