Search found 452 matches

by PVW
Mon Oct 15, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 2860

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

Most of the time, she stays at my place and I can bear the cost of utility /rent whatever. However, she needs to pay about $700 per month, for her current lease, which she cannot get out off until May 2019. Read the lease carefully. Sometimes there are specific provisions for early termination. May...
by PVW
Thu Oct 11, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: What would you do with some bulk silver?
Replies: 41
Views: 2327

Re: What would you do with some bulk silver?

10 pounds of silver is worth about $2000, depending on purity. If your dad wants your kids to have the actual silver, then just keep it. Might not be the best investment, but it satisfies the wishes of the giver and tangible wealth like coins might serve to increase your kids' interest in learning a...
by PVW
Thu Oct 11, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1168

Re: Lump sum instead of pension

https://www.immediateannuities.com says you could get a lifetime payout of about $350/month using your numbers ($300/month for a joint life annuity) - so the pension is a good investment compared to what you could get in the open market (right now, maybe not in the future). Sorry- I didn't quite ge...
by PVW
Thu Oct 11, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1168

Re: Lump sum instead of pension

Do you need to make a decision now? If not, you can reevaluate your position in the future based on factors such as inflation, annuity rates, your health. https://www.immediateannuities.com says you could get a lifetime payout of about $350/month using your numbers ($300/month for a joint life annui...
by PVW
Tue Oct 09, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4458

Re: Should I, and how, act on changes in managing diet and health?

It's tough to invest in a revolution because you don't know who is going to be left standing. As a classic example, look at the internet revolution - there were a lot of good ideas that failed to pay off. Hindsight might show we are in the middle of a revolution in currency (bitcoin, etc.) but I'm n...
by PVW
Fri Oct 05, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5061

Re: can i start a private investment firm?

how is hedge fund different? is it easier to get started? how to do it legally and file taxes like other hedge funds et cetera? George Soros attended Eton College when John Major was the headmaster. Soros came from an uneducated low class, but was a savant with money and began offering his services...
by PVW
Thu Oct 04, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6219

Re: [CNBC article: Don't expect to retire at 70]

NO, you do NOT have the current data. You are extrapolating the historical data and making (albeit intelligent) assumptions about the future to compute (guess would be better word) the average life of a baby born today. This is tautological. You have NO current data on babies life span who are born...
by PVW
Thu Oct 04, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2253

Re: When does a stock become a bond before moving back to a stock again

Sailorgirl wrote:
Thu Oct 04, 2018 3:27 pm
Can I name the stock?
No forum rules against it, but some people don't want to reveal too much identifying information.
by PVW
Thu Oct 04, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: When does a stock become a bond before moving back to a stock again
Replies: 47
Views: 2253

Re: When does a stock become a bond before moving back to a stock again

:shock: :shock: :shock: How is it not an asset? It's something they expect will bring future economic benefits. It certainly isn't a liability. It may be difficult to "rebalance" it in some sort of portfolio context, but it is an asset. The BH approach to pensions is to see it as an offset to your ...
by PVW
Thu Oct 04, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6219

Re: Is this ignorance or intentionally misleading?

The OP had it right: Bach is either ignoring or doesn’t understand the difference between a conditional probability and an unconditional probability. Which is fine: many people don’t. Those people also don’t typically publish articles in which their error is the central tenet of their argument. Per...
by PVW
Thu Oct 04, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6219

Re: [CNBC article: Don't expect to retire at 70]

The author of the article quotes David Bach as follows... "There's this new advice out there that 70 is the new retirement age. That is ridiculous," he tells CNBC Make It. "First of all, the life expectancy for men is 76. You want to retire at 70 and have six years left to retire? Ladies, for you, ...
by PVW
Wed Oct 03, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Did Jeff Bezos just pull a Henry Ford?
Replies: 32
Views: 2521

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 PVW
Wed Oct 03, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Home inspection- helping a friend
Replies: 12
Views: 1111

Re: Home inspection- helping a friend

Hello all, I appreciate your answers in advance. My buddy sold his house recently and the new owner of the house decided to remodel the bathroom. This new owner says he discovered leaky pipes and mold behind the walls he tore out, and is trying to sue my buddy for negligence saying he knew the leak...
by PVW
Tue Oct 02, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 55
Views: 3879

Re: Tipping

I get my hair cut by a personal friend in her home. She works as an employee in a salon but also has a professional setup in her home. She said she goes by the old rule of don't tip the owner, so I don't tip her.
by PVW
Tue Oct 02, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5342

Re: Root of Good's cost of raising a child: $3,300 per year

Here is some more about the USDA methodology. https://www.cnpp.usda.gov/sites/default/files/crc2015_March2017.pdf From a quick look, Root of Good has used a similar methodology to calculate housing cost, but it looks like (s)he left out the cost of additional furnishings for an extra bedroom, or may...
by PVW
Mon Oct 01, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 8970

Re: Suze Orman - "I hate the FIRE movement."

I disagree. I think that message has a harmful effect on the average financially uneducated American who accepts her doom and gloom projections. I can see your point. My perspective is from a DIYer that might listen to her advice and use it as motivation to start serious planning. But there are pro...
by PVW
Mon Oct 01, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 8970

Re: Suze Orman - "I hate the FIRE movement."

There are many reasons Suze provided for her position. But basically, she believes that the likelihood of a person's financial career being derailed is too high for all but the very wealthy (i.e. decamillionaires) to stop working before they have to. She believes that most people should plan on wor...
by PVW
Fri Sep 28, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2393

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

"99% rejected" makes a great headline, but an even better one would be "70% of PSLF didn't bother reading the rules and 28% couldn't fill out the form right." If I thought I could get $200-300K (a very nice year's salary) out of a program, I would sure as heck put some time and effort into understa...
by PVW
Fri Sep 21, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Auto loan dispute
Replies: 9
Views: 988

Re: Auto loan dispute

Lacking details. In many cases, if someone accidentally gives you money that is not rightfully yours, you must give it back. "I already spent it" is not a valid defense.
by PVW
Tue Sep 18, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America credit card “feature” (be careful with autopay)
Replies: 45
Views: 2706

Re: Bank of America credit card “feature” (be careful with autopay)

Does BOA even have a standard "pay the full amount of last month's bill" autopay setting? I looked and looked for it about a year ago and could only find stupid other autopay settings (like, pay the exact same dollar amount every month). So for BOA I just do a "push" auto pay from my bank's bill pa...
by PVW
Tue Sep 18, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2256

Re: UNCHANGING OPINIONS

I remember the days when basic research would be done and we would just let it go where ever the facts would lead. Today, it seems that research must have a predetermined result. There were never days when basic research would be done and let it go where ever the facts would lead. Never. Sure, some...
by PVW
Mon Sep 17, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2256

Re: Unchanging opinions

Please comment on today's WSJ Real Time Economics posting: "Who said a foolish consistency is the hobgoblin of little minds?* "We find that after committing to a first belief, individuals are reluctant to incorporate new information. This reluctance causes lower belief accuracy and also generates h...
by PVW
Mon Sep 17, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2256

Re: UNCHANGING OPINIONS

I can't tell you how many times "new information" from studies turned out to be just plain wrong. I think of the studies that told me that coffee was bad for you. Not too long afterwards, you would learn that coffee was good for you. Same with eggs. There is a surprising number of scientific studie...
by PVW
Mon Sep 17, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4810

Re: Dilemma: Add room to current house or buy new house?

The current zillow estimate for our house as-is is 725k. The biggest point in favor of our house is the low property tax for a top rated school district (atleast 10-15k/year less than other similar houses in different neighborhoods that feed into the same school district). With the addition, our ta...
by PVW
Sat Sep 15, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1078

Re: ESOP, Options, Restricted Shares holders: When do you sell?

My company stock has averaged about a 20% annual return since I started. This is less than my average portfolio return. Hindsight says I should have held all my company stock. Foresight isn't as clear, but my conscience is. Are you saying "my average portfolio return" exceeded "20% annual return" d...
by PVW
Thu Sep 13, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1078

Re: ESOP, Options, Restricted Shares holders: When do you sell?

I stopped participating in the ESPP because it has a 1 year holding requirement, the taxation is a pain (PA ESPP tax is designed to be difficult) and I have substantial company investments with options and restricted stock (and salary). I sold ESPP shares when it was convenient - usually in large ch...
by PVW
Thu Sep 13, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2276

Re: How to stay the course when you “think” you can outsmart the market

I truly believe indexing is the best way to invest but sometimes “ideas” get the best of me. For example with the hurricane approaching I thought it would be a smart move to buy Generac, already down 5%. I was curious how often other boggleheads trade short term and how the smart ones have the disc...
by PVW
Thu Aug 23, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6423

Re: Co-habitation agreement - ??

...... He's never been through a bitter divorce. No kids to cause drama........a committed relationship ....... And, you, are certain these are facts because.....um......because....er.....because....of what was that? These are the facts as stated in the original post. Maybe by facts you mean intere...
by PVW
Thu Aug 23, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6423

Re: Co-habitation agreement - ??

..... call him "Sam" - works as a machinist at Northrup Grumman and has for over 12 years......have met Sam and he is likable, seems easy-going and friendly. Of course lots of not-so-great people can appear to be otherwise.... Well, according to Glassdoor, average salaries for NG machinist is aroun...
by PVW
Thu Aug 23, 2018 8:01 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2681

Re: Rating system for posts/posters ?

some sort of quality control is necessary to keep the board relevant and informative. The board is moderated to keep it relevant, as defined in the Board Rules. "Informative" is in the eye of the beholder , not the forum approved definition. I am perfectly capable of digesting information and opini...
by PVW
Wed Aug 22, 2018 11:56 am
Forum: Forum Issues and Administration
Topic: Is tinypic.com Down for Anyone Else?
Replies: 3
Views: 509

Re: Is tinypic.com Down for Anyone Else?

There are a large number of websites other than Bogleheads that will help you answer your question.
by PVW
Tue Aug 21, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6423

Re: Co-habitation agreement - ??

She is a widow-of almost 5 years- like me. She is 68 and has been seeing a man 12 years younger for a year. He wants to move in with her and she is considering it. She owns a nice home-free and clear and has a much higher net worth than this man. He is employed in a blue collar job and was never ma...
by PVW
Tue Aug 21, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9616

Re: Landlord Nightmare

Nightmare began when out of the blue the guy and the sis texted us (they called us but we didn't pick up) saying that it was "housing discrimination" and we were "harassing" and "insulting" them and asking "intrusive questions." They posted reviews saying the same thing on our FB page (which we ver...
by PVW
Tue Aug 21, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7329

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

For some graduate degrees, the degree requirements really boil down to whatever your graduate committee or advisor will accept. Even if there are published requirements, the committee can allow variations. Did you have a graduate advisor? Either someone that would have guided your thesis research, o...
by PVW
Mon Aug 20, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12027

Re: Is a million really the benchmark for retirement

It's all relative. You should look at your individual retirement spending goals and then decide if $1 million is enough. For many people, $1 million in savings plus social security benefits would provide a comfortable retirement. In rough numbers, you could expect to spend about $40,000 per year fro...
by PVW
Fri Aug 17, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 89
Views: 5720

Re: physics/math major looking for programmer/analyst job?

- he’d love to get an ms but doesn’t have a $ to his name Most engineering (and probably CS) graduate programs will be funded. Usually covers tuition and a salary - he won't get rich, but usually enough to live on without taking a 2nd job. My data might be dated - at the time I went through, most M...
by PVW
Thu Aug 16, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6192

Re: Savings rate per month???

Pretax = about 10% of gross pay. After tax = about 15% of gross pay.
by PVW
Thu Aug 16, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 6187

Re: Terminating an employee with company car

When my employer did a mass layoff involving a lot of people with company cars, they had a bunch of pre-arranged hired Lincoln Town Cars waiting in a parking lot while the layoffs went down so they could just roll up to the door when summoned by management, load the employee, and go. How grim, like...
by PVW
Tue Aug 14, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Verizon sending me two bills and I can't change my name with them
Replies: 10
Views: 1091

Re: Verizon sending me two bills and I can't change my name with them

If you value your time, don't deal with Verizon customer service. I have never had an easy encounter with them. In one case, they couldn't figure out why I didn't have access to my cable bill through my online account. After several attempts to fix it (which mostly consisted of them telling me I did...
by PVW
Tue Aug 07, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: HELP!!!!! Need to find documentation of index superiority
Replies: 32
Views: 2992

Re: HELP!!!!! Need to find documentation of index superiority

Tell your friends to ask this financial professional to show his verified track record of investment returns, net of fees. In the unlikely event this advisor has actually beat the market, this approach might backfire - or there is a reasonable chance the advisor will continue to beat the market and ...
by PVW
Thu Aug 02, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2447

Re: Impact of higher property taxes on home price

If I was selling my house it wouldn't have any impact. You only get to set the asking price, not the selling price. I think the relationship between all-in housing cost and sales price is too complex to put specific numbers on the effect of income tax deductions. Maybe there would be some connectio...
by PVW
Tue Jul 24, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Which doctor should I go to?
Replies: 26
Views: 1822

Re: Which doctor should I go to?

VictoriaF wrote:
Tue Jul 24, 2018 3:20 pm
Since your problem is with mayo, you should go to Mayo clinic.

Victoria
Maybe you jest, but they do have advice on when to see a doctor.

https://www.mayoclinic.org/diseases-con ... c-20356230
by PVW
Tue Jul 24, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2454

Re: How do you deal with a bear market?

how do you know when to go for safer investments? One of the guiding principles of being a Boglehead is that you can't know the answer to that question. It's not because you are not educated enough in investing, personal finance, market economics, etc., it's that nobody knows the answer to that que...
by PVW
Tue Jul 24, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Peak Oil, Reloaded?
Replies: 45
Views: 3923

Re: Peak Oil, Reloaded?

Meta4 wrote:
Tue Jul 24, 2018 1:03 pm
Anyway, what's the plan for Bogleheads?
Same thing I did during the last peak oil panic. Stay the course.
by PVW
Fri Jul 20, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3391

Re: How Unclaimed Property Laws Can Affect Retirees

Just a few months ago, my Dad got a warning msg related to his saving account saying the account had be suspended when he logged into Wells Fargo to check his balances/transactions. I called WFB, I'm listed as co-owner, and was told because there was no activity for 18 months, it was flagged as aba...
by PVW
Thu Jul 19, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: The other side of stock buybacks
Replies: 24
Views: 2331

Re: The other side of stock buybacks

Glockenspiel wrote:
Thu Jul 19, 2018 10:14 am
CEOs are fleecing the U.S. Treasury.
How are CEOs fleecing the US Treasury?

If you're saying they're making money off stock repurchases prompted by the recent tax cuts, then the same is true of any investor that owns stock in these companies. Are you also fleecing the US Treasury?
by PVW
Thu Jul 19, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9130

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Your brother sounds like a boglehead. Why do you have an emotional attachment to these stocks?
by PVW
Wed Jul 18, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loan question
Replies: 24
Views: 1199

Re: Another student loan question

Reality check. Your income alone is about the same as the median household income in the US. Many families are living just fine on that income. If you are struggling to maintain your budget, then you are living beyond your means.
by PVW
Wed Jul 18, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3391

Re: How Unclaimed Property Laws Can Affect Retirees

Keep your contact information up to date. Pennsylvania is required to notify the owner before they take control of unclaimed property. This is an important piece of information that should have been included in the forbes article. http://www.klgates.com/new-amendments-to-pennsylvanias-unclaimed-prop...
by PVW
Fri Jul 13, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: ESPP Purchase/Sale Specifics
Replies: 6
Views: 344

Re: ESPP Purchase/Sale Specifics

Since the same idea may apply for several thousand employees (22k total) all trying to do the same thing at the same time, has anyone seen a situation where the first trading day of the New Year has resulted in a gap down situation which could erode a good portion of that potential 15% or more gain...