Search found 474 matches

by PVW
Wed Dec 12, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pension being sold, advice?
Replies: 5
Views: 580

Re: Pension being sold, advice?

If you had an extra $50K to invest, what would you do with it? I would add it to my investments. The immediate annuity is absolutely terrible. At $95 per month, the payback of $50K is about 44 years. You can get a much better deal on the open market. The other lump sum payouts give you roughly a 4.5...
by PVW
Wed Dec 12, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3907

Re: Donate to homeless?

In the past ,I have purchased cases of canned foods from Sams club and delivered them to a Homeless shelter. Give it a thought :happy When I have the means we make a sizable to us cash donation to the local food bank and our employer matches it dollar for dollar. The downside to this, we are bombar...
by PVW
Wed Dec 12, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3907

Re: Donate to homeless?

This time of year homeless panhandlers seem more visible than ever with the weather cold and holidays approaching. Today a lady on the sidewalk asked me how I celebrate - Christmas, Kwanza or Hannukah? Is it a good idea to give a couple dollars to such people? Seems quite mean to ignore them. What ...
by PVW
Mon Dec 10, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 59
Views: 6249

Re: Article: Your love of index funds is terrible for our economy

This part of their logical argument seems counter intuitive. Index funds contribute to market melt-ups and meltdowns [...] A big part of the problem is that big index funds like the ones representing the S&P 500 SPX, -0.09% and the Dow Jones Industrial Average DJIA, -0.18% are bunched up in the same...
by PVW
Mon Dec 10, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Rental car totalled - amex insurance issue
Replies: 19
Views: 3189

Re: Rental car totalled - amex insurance issue

H-Town wrote:
Mon Dec 10, 2018 1:32 pm
I thought it's automatic your fault if you drive into a flooded road. I think you dodged a bullet there and having 90% paid by AMEX.
Insurance often pays for things that are your fault.
by PVW
Mon Dec 10, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Rental car totalled - amex insurance issue
Replies: 19
Views: 3189

Re: Rental car totalled - amex insurance issue

My rental car got stuck in a flooded road and was totaled. I rent on American Express card and pay for amex premium coverage as primary and assumed it will all be taken care of. After a couple of months I heard from the car rental company that amex is paying for approx 90% of the net ACV ( actual c...
by PVW
Mon Dec 10, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 59
Views: 6249

Re: Article: Your love of index funds is terrible for our economy

wilked wrote:
Mon Dec 10, 2018 12:22 pm
Did it also call Index Funders unpatriotic?
:D
If the article's tenets are true (I really have no idea), then the unpatriotic perpetrators are the active fund managers that are charging too much for too little and driving people to indexing. Supporting capitalism is very patriotic.
by PVW
Sat Dec 08, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2498

Re: What's Your Personal Inflation Rate?

Anyone who wants can use a well-established finance term of art to mean their own idiosyncratic definition, but it would be silly to suppose everybody else will understand the non-standard usage, let alone adopt it. PJW Any mathematical calculation of inflation is idiosyncratic, might as well use o...
by PVW
Fri Dec 07, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2498

Re: What's Your Personal Inflation Rate?

I'm amazed and confused at how persistently the term "inflation" is misused to refer to level of spending. Usage as in "inflated spending" is consistent with the more general definition of inflation. But I agree that it doesn't match the economics definition, and it's often difficult to tell if som...
by PVW
Fri Dec 07, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: What's Your Personal Inflation Rate?
Replies: 38
Views: 2498

Re: What's Your Personal Inflation Rate?

I don't track my personal inflation, or even my changing budget. I do believe that inflation of the goods and services I currently use is the most relevant to budgeting and financial planning. Inflation of my total budget is also important, but I can control the lifestyle creep contributions to budg...
by PVW
Fri Dec 07, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6915

Re: Anybody Miss the Crypto Rage on BH Forums

I have a serious investment in wine. It’s quite a liquid asset. Unfortunately, my investment manager eats (err...drinks) away at my returns. In all seriousness, my wine purchases of left bank bordeaux in the 1990s would have returned over a 6x return (over 10x in some cases). And it would have been...
by PVW
Thu Dec 06, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: declining employer benefits?
Replies: 36
Views: 3971

Re: declining employer benefits?

I have lobbied past employers to do this and they all say no. It makes no sense, if I takes wife's health insurance, I save them money, so they should share some of that savings with me as an inventive for dual working families to choose the other spouses insurance. Not once have they agreed to it ...
by PVW
Thu Dec 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 5890

Re: Wanting to buy on the dip today didn't workout

We might be in a plunge rather than a dip. There is a reasonable chance the market will be lower on Monday than it is today.

I'm not advocating market timing, I'm just pointing out that you don't know a dip until it's over.
by PVW
Wed Dec 05, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4186

Re: Why Is Insurance Worth It (Analytically)?

I feel it has a second, perhaps more important aspect. If, by my actions or inactions, I injure somebody, or even just damage their property, the responsible thing, the right thing, is for me to compensate them, although money can never completely compensate for an injury or a death. Therefore, I v...
by PVW
Fri Nov 30, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5483

Re: The first million?

Based on the chart in the article below, between 1936 and 2014, the 10 year average return on the S&P500 varied from about -5% to +20%. Plug in those numbers to your savings calculator and you can get a ballpark upper and lower bound on your nestegg in 10 years. But I wouldn't count on anything unti...
by PVW
Tue Nov 06, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: II - The Wall Street Math Hustle
Replies: 21
Views: 3209

Re: II - The Wall Street Math Hustle

Have my views on this, interested in others. [...] Your link contains UTM tracking codes that tell Google and other web trackers where you got the link (https://en.wikipedia.org/wiki/UTM_parameters). You should edit your link to remove the tracking info. Here is the direct link: https://www.institu...
by PVW
Thu Nov 01, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 865

Re: Payroll experts: prorating salary calculation gone wrong?

If the employee only worked 1 day, (s)he would owe the company $2,083.33 less $192.31*11 = -$32. I know nothing about payroll standards, but if the company wants to use semi monthly pay as the standard unit of pay, then there are 23 workdays in October, so a pay unit is equivalent to 11.5 days. 2 da...
by PVW
Mon Oct 29, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4981

Re: Should I co-sign for relative?

Why where you asked to cosign? Do you have an especially close relationship? Or are you the relative with the most money?
by PVW
Sun Oct 21, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Help with reattaching a wooden door knob
Replies: 6
Views: 480

Re: Help with reattaching a wooden door knob

A few possibilities. You can get a larger screw. Take the screw and knob to Home Depot or similar and get a screw that is the same length and just big enough to screw snugly into the existing hole. You might have to drill the door hole larger. The knob you have is probably very cheap to replace. And...
by PVW
Thu Oct 18, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 89
Views: 5606

Re: Personal Adventure - recommendations

Find Fenn's Treasure. Not too physically challenging, but should occupy your mind and provide outdoor adventure.

https://en.wikipedia.org/wiki/Fenn_treasure
by PVW
Thu Oct 18, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2993

Re: unlicensed repair guy possibly spent our material deposit

If you know this contractor has a history of completing jobs for you or anyone else, then this sounds like a cash flow problem. He probably spent your $2K on supplies for another job (maybe the job was to pick a winning horse). Just keep pestering him - he'll eventually find another sucker to prepay...
by PVW
Tue Oct 16, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 89
Views: 5606

Re: Personal Adventure - recommendations

Bike the Great Divide Mountain Bike Route. 3,000 miles of mountain biking along the Continental Divide. I always had dreams of doing it, but the opportunity has probably passed for me.
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: 3164

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: 2589

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: 1287

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: 1287

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: 4697

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: 5293

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: 6411

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: 2388

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: 2388

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: 6411

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: 6411

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: 2616

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: 1162

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: 4063

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: 5771

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: 9673

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: 9673

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: 2509

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: 1024

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: 2880

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: 2320

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: 2320

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: 2320

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: 4945

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: 1119

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: 1119

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: 2307

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: 6514

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...