Search found 1855 matches

by knpstr
Thu Feb 15, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: rule of thumb of when to sell your car
Replies: 50
Views: 3316

Re: rule of thumb of when to sell your car

I have been thinking about this recently as my Prius is now 11 years old - 79,000 miles.

Wife has been wanting a SUV so I may take her car which is a 2014 Fusion - 11,000 miles.

Decisions, decisions.
by knpstr
Thu Feb 15, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6791

Re: Wisdom of Bitcoin

An old friend put thousands of dollars into bitcoin in 2011 and urged me to do the same. He insisted that the government was going to collapse and only bitcoin would withstand the hyperinflation. Instead, I bought VTSMX. My investment has doubled since then... and his investment made him a retired ...
by knpstr
Tue Feb 13, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Are these fees for real?
Replies: 25
Views: 2199

Re: Are these fees for real?

Jgiudici wrote:
Tue Feb 13, 2018 9:16 am
Is she really paying 2.04% on her account each year???? If so , is it a coincidence that the first two funds I looked at are both around 2%? Do advisers do this knowing it benefits them more by recommending funds with fees this high?
Adviser is a misnomer, it is a salesperson.
by knpstr
Mon Feb 12, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261717

Re: U.S. stocks in freefall

RRAAYY3 wrote:
Mon Feb 12, 2018 1:10 pm
screaming back up to mid december! congrats to all who have survived so far.
It's the easiest thing I've ever done.
by knpstr
Mon Feb 12, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: I’m not renewing my Costco membership.
Replies: 80
Views: 7080

Re: I’m not renewing my Costco membership.

I have never had a Costco or Sam's Club membership.
by knpstr
Sun Feb 11, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4815

Re: how did you determine your risk tolerance?

I realized that volatility isn't risk for me and that inflation is a major risk for me.
Since I'm very risk adverse, I am 100% equities.
by knpstr
Sat Feb 10, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 1984

Re: Is Rental Property/Income Same as Bonds

We are 44(H)/39(W) with about 8% of our market investments in bonds and rest in primarily US stocks. I am working to make that 15% in bonds over the next two years. However, the thing that keeps coming up in my mind is around rental property. We have two rental properties and the equity in those re...
by knpstr
Fri Feb 09, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Does Shiller PE imply negative returns?
Replies: 57
Views: 3209

Re: Does Shiller PE imply negative returns?

MNS CA wrote:
Thu Feb 08, 2018 7:23 pm
Does Shiller PE imply negative returns?
No.
by knpstr
Fri Feb 09, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: A bill from the doctor - how/should I contest?
Replies: 44
Views: 3774

Re: A bill from the doctor - how/should I contest?

No, but the lady that I spoke to today was the same lady that told me I was paid in full, and she admitted on the phone today that she remembers our conversation and that it was an error on her part. She said we technically were paid in full at the time but that this remaining balance was currently...
by knpstr
Fri Feb 09, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: Buying a rental house. Pay cash or mortgage?
Replies: 21
Views: 1660

Re: Buying a rental house. Pay cash or mortgage?

Do not "count on" appreciation in my opinion. 20% down means $50K down $200K mortgage. @ 4% is $955/mo payment $13,200 in rent $ 3,000 in taxes/insurance $11,460 in mortgage payment ========================= - $1,260 per year negative cash flow Also be careful "renting" to family the IRS doesn't lik...
by knpstr
Thu Feb 08, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8596

Re: Tenants want to break lease early and is pregnant

You can give charity to anyone. If you want to "let them leave" you can. I wouldn't give nor promise full deposit before they leave. I would wait till the leave, try to re-rent. If the place is spotless and re-rented within say 3 weeks, keep deposit amount equivalent of 3 weeks lost rent. If you don...
by knpstr
Thu Feb 08, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

I don't mean to have a thread as a buy gold as "an investment" that isn't what interests me, but rather to use gold for short term checking and savings purposes,or more specifically, to use it as money. ....... small fee at 0.5% When you consider gold as an investment separately the remaining " sho...
by knpstr
Thu Feb 08, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

I suppose it is semantics? Wanting to hold an asset that holds value, versus wanting to hold an asset in hopes of appreciation and cash flow? I guess to put it in your terms: It would be the choice of investing in the USD versus investing in gold. Since we are all still investing in the USD when we...
by knpstr
Thu Feb 08, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

I think of it (perhaps my reasoning is wrong) as more of the following: throughout the next 40 years of my life, I will always have a $20,000 (or more) in cash in my bank accounts for liquidity purposes. Over 40 years one will constantly need to "add to" their cash reserves to maintain purchasing p...
by knpstr
Thu Feb 08, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

Usual questions: 1) how do you know they really have the gold, and, 2) how do you pay with Goldmoney if you are in Venezuela and the power just went out again? To put it another way, how is it different or better than holding GLD at a brokerage like Fidelity that offers a cash management account wi...
by knpstr
Thu Feb 08, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4083

Re: Who has had a pool?

Have an in-ground pool here in Michigan. No heater. Opening and closing is no big deal. Open to close is May through September. With a heater you can lengthen the season. We like it. We didn't seek it out, but the house we liked the best just happen to also have a pool. Recently got a Kreepy Krauly ...
by knpstr
Thu Feb 08, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

It certainly is a way to invest in physical gold rather cheaply. That isn't what I would be interested in, personally. They do hold/insure your gold in vaults around the world (Loomis/Brinks/etc) of your choosing. I prefer to invest in "growth" assets (stocks and rental real estate). But I find hol...
by knpstr
Wed Feb 07, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: Xfinity mobile is burning through data
Replies: 17
Views: 1547

Re: Xfinity mobile is burning through data

Wife's phone has been on the plan for a few months now. Every bill is around $4/month due to no data usage.
by knpstr
Wed Feb 07, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

But I find holding gold for monetary purposes only (not investment) intriguing. Thanks. I assume you know about Bernard von NotHaus and the Liberty Dollar, then. https://en.wikipedia.org/wiki/Liberty_dollar_(private_currency) Correct, Goldmoney, isn't a new type of private currency. It is just a bu...
by knpstr
Wed Feb 07, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Re: Does anyone use Goldmoney?

It seems strange that you make it sound like a currency but their website makes it sound like investing via depository storage and indicates that they provide storage and exchange services. They even call their accounts "Holdings". It certainly is a way to invest in physical gold rather cheaply. Th...
by knpstr
Wed Feb 07, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 19
Views: 868

Does anyone use Goldmoney?

I have recently stumbled upon Goldmoney and have been intrigued by it's premise. Essentially allowing one to use gold as money instead of fiat currency. Of course one has to buy/sell (USD to gold/gold to USD) for a small fee at 0.5% but I find it a very interesting concept. I don't mean to have a th...
by knpstr
Tue Feb 06, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Comcast Modem Rental
Replies: 41
Views: 2603

Re: Comcast Modem Rental

Why would anyone rent a modem from Comcast?

Buy your own, within 7 months it paid for itself.
by knpstr
Mon Feb 05, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Equanimity is what it's all about.
Replies: 22
Views: 1558

Re: Equanimity is what it's all about.

I'd be in constant fear and worry at 50/50. At only 33 years old, the number one retirement risk is inflation. 50% in bonds is FAR too risky for me. It is a reasonable assumption that by year 2100 the DJIA will be at 1,000,000 or more. I won't live to year 2100 but surely things will be UP from now ...
by knpstr
Mon Feb 05, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 45
Views: 4662

Re: Rolex

As a window shopper I always browse on bobswatches.com
by knpstr
Mon Feb 05, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261717

Re: U.S. stocks in freefall

bligh wrote:
Mon Feb 05, 2018 6:25 pm
njuser wrote:
Mon Feb 05, 2018 6:23 pm
Vanguard is updated for today. ow.
Ow is right. :shock:

I suspect we wont be seeing many new "2 comma club" posts for a bit.
Down 4% across the board. But weekly contributions being posted tomorrow, so things are looking up!
by knpstr
Mon Feb 05, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1261717

Re: U.S. stocks in freefall

S&P 500 down 1.4% YTD... looking to go from all equities to all cash. IPS says: "act on impulse"

Thoughts?
by knpstr
Mon Feb 05, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Internet Speed 15Mbps okay ?
Replies: 27
Views: 1903

Re: Internet Speed 15Mbps okay ?

I've considered reducing our cable speed as well.

going from 60mbps to 25 mbps will save us $240/year

However, as cord-cutters we often stream simultaneously (2 at once)
by knpstr
Mon Feb 05, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 260
Views: 14199

Re: For BHs who actually like cars - what is your daily driver?

whodidntante wrote:
Sun Feb 04, 2018 10:52 pm
My last three cars have all been RWD despite living in the snowbelt. It builds character, I guess. But I just really prefer it to FWD.
Do you have snow tires for the winter months?
by knpstr
Sun Feb 04, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13486

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

I'm 100% stocks with paper investments (only 33 years old). Hope to always have that allocation.

I do own some rental real estate. So my entire investment portfolio isn't 100% stocks.
by knpstr
Sun Feb 04, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford this home?
Replies: 25
Views: 1789

Re: Can I afford this home?

So long as your income is quite certain to continue for 30 years, you can afford it. It is a BIG payment ~100K for 30 years but it is less than 25% of your pay. Just a caution that your other expenses will likely rise. You will have some lifestyle creep moving into your first home. For some perspect...
by knpstr
Thu Feb 01, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Rental property depreciation
Replies: 3
Views: 519

Re: Rental property depreciation

Don't forget the depreciation of any other capital expenditures (improvements) that may still be ongoing purchased after the property. This may or may not apply.
by knpstr
Sun Jan 28, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 50
Views: 6122

Re: Can I retire now?

Of course you can, wouldn't your S.S. benefits drop if you quit working now?

I have never really looked into that.
by knpstr
Thu Jan 25, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Turn 75,000 into 1 million
Replies: 42
Views: 6793

Re: Turn 75,000 into 1 million

Any advice how to turn 75,000 into 1 million by age 65? Current age is 43...or is it impossible? That's 22 years. 0. Invest in the next "Apple", "Amazon.com", etc. 1. Use the money to get a Medical degree and practice in a high paying speciality. 2. Or, pay for a law degree and get elected to gover...
by knpstr
Mon Jan 22, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Cutting cable
Replies: 51
Views: 2636

Re: Cutting cable

Have been very happy with an OTA antenna (Free HD, Fox, CBS, ABC, NBC, CW) and Sling TV (Orange plan) for $19.99/mo.
by knpstr
Thu Jan 18, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: I got a Roomba and think you should too
Replies: 41
Views: 3682

Re: I got a Roomba and think you should too

We received a "DEEBOT" robot vacuum for Christmas. I think they are significantly cheaper than the Roomba you mention maybe the Deebot was $200? Anyway, it goes around and sweeps and is always "full" when it stops, but it does not do as good a job as a human. We have carpet, rugs, tile and vinyl pla...
by knpstr
Thu Jan 18, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: How to overcome the fear of spending money? (Buying a car)
Replies: 55
Views: 3839

Re: How to overcome the fear of spending money? (Buying a car)

How much of your net worth is the car? 1.4% of net worth I think you can afford a $30,000 car with a net worth of $2,100,000 Is it a waste of money? Yes. Can you afford the luxury of having a "fun" car that is a waste of money? Yes. Will it hamstring your finances so you can never recover? No. Go o...
by knpstr
Thu Jan 11, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Keeping sensitive documents in the cloud -- bad idea?
Replies: 46
Views: 2795

Re: Keeping sensitive documents in the cloud -- bad idea?

Perhaps some sort of identity theft coverage would be appropriate?

Not that you want to make it as easy as possible for anyone to get your info; but with size/scope of the data breaches that have already taken place it is likely someone already has all of your information anyway.
by knpstr
Thu Jan 11, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Buy bonds until market correction
Replies: 28
Views: 2579

Re: Buy bonds until market correction

Warren Buffett has said publicly that the newly passed tax reform: Buffett said tax reform will have a big impact on Berkshire's owners, telling CNBC's Quick that shareholders effectively have seen their ownership of the company's profits rise by over 20% as corporate rates have fallen from 35% to 2...
by knpstr
Wed Jan 10, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Forgot to make my $5500 contribution for 2018
Replies: 36
Views: 4759

Re: Forgot to make my $5500 contribution for 2018

You still have a "few" months to contribute
by knpstr
Tue Jan 09, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 23
Views: 2691

Re: Teeth Whitening

Probably not a great thing to do. H2O2 is toxic and it can break down tissues. It is an oxidizer, after all. Have heard this from several dentists. And the time H2O2 spends in contact with your teeth is probably minimal. Though there is research that indicates that when used in conjunction with oth...
by knpstr
Mon Jan 08, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7828

Re: Paying off mortgage before investing at all?

As always it is a "it depends" question. Most people buy a house that takes 30 years to pay off and they still "cut it close" with their budgets. If you can buy a $375,000 house with cash saved in only 4 years time, then it probably won't be a huge detriment to your retirement savings. Since in 16 m...
by knpstr
Mon Jan 08, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 3828

Re: Best Phone Plan for 1 person

Best I've found is the new Xfinity Mobile "By the gig" plan If all your data use is on WiFi the plan is free. Last month my wife's bill was $4.01 (which was just state taxes/fees) The catch is that you have to be using at least 1 other comcast/xfinity service to qualify. They use the Verizon network.
by knpstr
Mon Jan 08, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 23
Views: 2691

Re: Teeth Whitening

Sandtrap wrote:
Sun Jan 07, 2018 4:45 pm
I have a friend who takes a swish of hydrogen peroxide before he takes a shower and holds it in his mouth until after he takes a shower. He does this every day. His teeth are so white they look "store bought" :shock:

j
+1 hydrogen peroxide is all you need to do the job.
by knpstr
Sun Jan 07, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?
Replies: 156
Views: 17465

Re: Vanguard to launch US 'smart beta' ETFs - Will this board burn down?

I think the board will survive. It's named Bogleheads, not Vanguardheads. The company is doing something Bogle doesn't 100% agree with, not the first time. This is an interestingly similar to people bringing up the "superinvestors" lack of success after they die/step down. People that claim it was l...
by knpstr
Sun Jan 07, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Overpayment on W2. Please help.
Replies: 13
Views: 1068

Re: Overpayment on W2. Please help.

At the very I would think you could repay them just the increased net amount?

So essentially they pay the extra tax you incurred due to their own error and you have nothing extra out of pocket.
by knpstr
Sun Dec 31, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Before buying gold, have a look at these returns since 1975
Replies: 84
Views: 6773

Re: Before buying gold, have a look at these returns since 1975

All my gold "investments" are in the form of my wife's white gold jewelry.
by knpstr
Thu Dec 28, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10759

Re: Suddenly my mortgage doesn't seem that great

I have never itemized. But to be honest, I'd probably keep what you have in your portfolios. Still max retirement but instead of adding more to after tax, pay extra on the mortgage. Thus avoiding the "taxable event" that would result when selling your gains. But generally speaking, being debt free i...
by knpstr
Fri Dec 15, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2961

Re: Should I open a fitness center for extra money?

miamivice wrote:
Fri Dec 15, 2017 9:41 am
One of my former high school classmates, who seems pretty darn smart to me, just opened a fitness center...

Should I consider diversifying my investments by opening a fitness center?
Why not keep in touch and ask how things are going in a few years?
by knpstr
Sat Dec 09, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 6338

Re: Does this happen to you? Educating friends about personal finance

They ask for input from me and despite my input aligning with information they get from professional sources including their 1.5% account fee personal advisors, they blunder their way through. Its very frustrating to try and educate friends. These are people I've known for decades and with whom I'l...