Search found 6567 matches

by Kenkat
Tue Sep 29, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: What happens after the risk shows up?
Replies: 6
Views: 326

Re: What happens after the risk shows up?

Back in 1999, in my mid-30s, I decided to really start tracking to a long term plan. I’d always plowed money into my 401k, rolled it over if I switched jobs, and saved some taxable dollars, but this was a long term plan going out many years. I set up an Excel spreadsheet and plotted out a baseline v...
by Kenkat
Mon Sep 28, 2020 11:34 am
Forum: Investing - Theory, News & General
Topic: Are we NOW in a bubble?
Replies: 67
Views: 6266

Re: Are we NOW in a bubble?

I think everyone would agree that we had a bubble in 2000 and most reasonably diversified investors survived. Only investors who were “all in” on tech portfolios got really clobbered (I knew a couple). Now I do remember that when that bubble was happening in 1998-2000, there were a lot of “value is ...
by Kenkat
Mon Sep 28, 2020 11:02 am
Forum: Personal Consumer Issues
Topic: Vacuum for mostly hardwood floors...
Replies: 41
Views: 2028

Re: Vacuum for mostly hardwood floors...

We have a Shark and it has an option to run vacuum only without the roller / beater bar. This is critical for solid surface floors, otherwise you just shoot the dirt around with the roller. We use it for both carpets and hardwood; just a simple switch to go from one to the other. I believe ours is a...
by Kenkat
Mon Sep 28, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 84
Views: 8671

Re: Friend on the verge of financial ruin, how to help?

The only alternative at this point is to go on disability, which she could do based on her health history. But that would result in benefits fixed at about $2400 per month for life and I’m not sure how much she would be able to earn at a part time job without affecting benefits. If she went on Soci...
by Kenkat
Sun Sep 27, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Helping Niblings
Replies: 14
Views: 1902

Re: Helping Niblings

As an aside, where did “nibblings” come from? Never heard it until you used it and I Googled it. Though it was a typo. To be more helpful, we had a client that created an irrevocable trust for just the purpose you describe. I would not suggest multiple trusts which are awkward, expensive and diffic...
by Kenkat
Sun Sep 27, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: Joe Montana vs S&P since 1981 $1 invested
Replies: 20
Views: 3953

Re: Joe Montana vs S&P since 1981 $1 invested

Interesting but I will throw out there that the chance of getting a box with a PSA 10 Gem Mint Joe Montana card would have been extremely low. You could have a hundred Joe Montana cards and not have a single PSA 10 in the bunch. It is a conditional rarity which is why it is so valuable (to someone a...
by Kenkat
Fri Sep 25, 2020 12:28 pm
Forum: Personal Consumer Issues
Topic: What's your favorite reasonably priced gin?
Replies: 61
Views: 2759

Re: What's your favorite reasonably priced gin?

I like Tanqueray for mixing, primarily Gin and Tonic. I’ve also recently had Hendricks and may try the Bombay Sapphire sometime as well.
by Kenkat
Fri Sep 25, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 51
Views: 6550

Re: Wife Quitting High Earning Job?

Financially, you are in the enviable position of being able to do what you want, so make the decision together as a couple that you feel will be best for your family. One thing I will mention about terminal illnesses - nobody really knows how much time you have. My father in law had a similar diagno...
by Kenkat
Thu Sep 24, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: Annual oil changes a must? Car maintenance during these times
Replies: 80
Views: 5559

Re: Annual oil changes a must? Car maintenance during these times

Jiffy Lube's new policy is you don't even get out of the car. You wind down the window enough to chat, and hand them a credit card. Another way in which the pandemic has made things better. Does that mean they won't check my cabin air filter and give me a crazy guilt trip to change it (for a mere $...
by Kenkat
Thu Sep 24, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: Does an insurance company pay tax on the earnings of its float?
Replies: 23
Views: 1292

Re: Does an insurance company pay tax on the earnings of its float?

I think where the term “segregated account” is being used, maybe you mean “separate account”? There are different products and these products work differently in terms of where the premiums go. If you buy a variable annuity or a variable universal life product, these are market based and you typical...
by Kenkat
Thu Sep 24, 2020 8:10 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22510

Re: What is your favorite reasonably priced bourbon?

And where's that? I've looked in PA , MD, NC and SC and haven't found it at any price. How close are you to Ohio? https://www.ohlq.com/ I am in Southern Ohio and the Weller Special Reserve is pretty scarce; I’ve seen it occasionally but you must have a store that’s got a good source lined up.
by Kenkat
Wed Sep 23, 2020 9:18 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22510

Re: What is your favorite reasonably priced bourbon?

One of the things I like about bourbons is the variety - so many to try - I have 5 bottles in various states that I am currently going through. A few of my favorites: Agree that Four Roses is very good Buffalo Trace Angels Envy Makers / Makers 46 Basil and Hayden I second Angels Envy. Also makes a ...
by Kenkat
Tue Sep 22, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 66 , SS at 70 , Funding the Gap
Replies: 8
Views: 1109

Re: Retire at 66 , SS at 70 , Funding the Gap

You will owe capital gains taxes on the sale of the gold coins to the extent that the sale price exceeds your original purchase price.
by Kenkat
Mon Sep 21, 2020 4:53 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

So I had backup overkill, remote and local, multiple backup programs. It’s not the backup process that failed you, it is the restore process. You had a full system image, but not a good way to use it without nuking your working system (working except for Quicken of course). Totally get the hesitati...
by Kenkat
Mon Sep 21, 2020 4:25 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

So I had backup overkill, remote and local, multiple backup programs. It’s not the backup process that failed you, it is the restore process. You had a full system image, but not a good way to use it without nuking your working system (working except for Quicken of course). Totally get the hesitati...
by Kenkat
Mon Sep 21, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Beneficiary Modification
Replies: 56
Views: 2531

Re: Trust Beneficiary Modification

The trust reflects your grandmother’s wishes for where the money should go. It is a pretty common arrangement - I have heard it referred to as following the blood line - i.e., you have a blood relative relationship to your grandmother; your mother does not. This seems a little harsh but at the same ...
by Kenkat
Mon Sep 21, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

So I had backup overkill, remote and local, multiple backup programs. It’s not the backup process that failed you, it is the restore process. You had a full system image, but not a good way to use it without nuking your working system (working except for Quicken of course). Totally get the hesitati...
by Kenkat
Mon Sep 21, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Accident Insurance vs continuing to self-insure?
Replies: 8
Views: 688

Re: Accident Insurance vs continuing to self-insure?

If you are living on a shoestring such that an unexpected medical bill, even a relatively small one (since you already have coverage), will throw you into a ditch, maybe. I think these are marketed towards the “couldn’t cover a $400 unexpected bill” crowd. If you are posting here, I doubt that’s you...
by Kenkat
Sun Sep 20, 2020 6:51 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

Well, congrats! A recovery for the ages, regardless of how it happened. :D
by Kenkat
Sun Sep 20, 2020 1:39 pm
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

I reinstalled Quicken on another computer and nothing changed: cannot open older Quicken data files.

Did you install the full drive image you have from Acronis onto a different computer? I can’t see that not getting you back to a working state. Don’t try restoring pieces, do a full image restore.
by Kenkat
Sat Sep 19, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Question
Replies: 7
Views: 1095

Re: Social Security Claiming Question

One thing I would add is that optimizing SS claiming strategy based on maximizing total payment misses some assumptions or other factors: 1) First and foremost, it is based on average mortality and while we may not know where we will fall in all that, it will be a major factor in which strategy ends...
by Kenkat
Sat Sep 19, 2020 10:55 am
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 149
Views: 13692

Re: Losing Money with Index Funds

What if BEFORE 2008, they sell their shares or cash out, and after the economy recovers, they reinvest all that money again, will they be in a better situation?? Yes, they will be in a better situation. And rather than reinvest all that money again, they should have bet it all on the Pittsburgh Ste...
by Kenkat
Fri Sep 18, 2020 10:39 am
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

When you said: I also use Acronis True Image for backup and did some restores from there and restored backups made by Quicken itself. Did you restore the entire image or just pull the Quicken files out? If you restored the entire image - which should include the previously working version of Quicke...
by Kenkat
Fri Sep 18, 2020 8:17 am
Forum: Personal Consumer Issues
Topic: Quicken Disaster!
Replies: 185
Views: 9625

Re: Quicken Disaster!

When you said: I also use Acronis True Image for backup and did some restores from there and restored backups made by Quicken itself. Did you restore the entire image or just pull the Quicken files out? If you restored the entire image - which should include the previously working version of Quicken...
by Kenkat
Fri Sep 18, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: what % of stocks in SP500 returns better than index?
Replies: 27
Views: 2567

Re: what % of stocks in SP500 returns better than index?

I know there are places that will give you the current year to date quotes of all the constituents, like https://www.slickcharts.com/sp500/performance Interpreting that data and using a S&P 500 YTD return of +5.34%, 180 stocks did better while 320 trailed the total return. In a cap weighted index, ...
by Kenkat
Thu Sep 17, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance (impact on SSI and RSDI)
Replies: 5
Views: 663

Re: Inheritance (impact on SSI and RSDI)

The ABLE accounts are state specific but you can invest in any of them regardless of which state you live in. For example, you could invest in STABLE, which is Ohio’s program (and partners which several other states to reduce expenses) even though you live in Washington. Able accounts are actually a...
by Kenkat
Thu Sep 17, 2020 9:50 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13739

Re: Is this guy trying to scam me on a car I'm selling?

If after all this there is still only "even a chance he could be legitimate", then I am genuinely interested in understanding how emails from a legitimate party would look like. Th only thing that might be of concern here is that "scammer#2" hasn't asked questions about the car....but its not total...
by Kenkat
Wed Sep 16, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13739

Re: Is this guy trying to scam me on a car I'm selling?

Failing that- put it on bringatrailer.com. A manual Mercedes is indeed a rare bird. They wanted me to sell with no reserve. Hell no. I did sell it on Ebay with $13K Buy It Now three weeks ago, but after I got a $500 deposit, the buyer said he was having some financial problems and won't be buying i...
by Kenkat
Tue Sep 15, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Misspelled Trust Name in IRS Form
Replies: 19
Views: 1218

Re: Misspelled Trust Name in IRS Form

Hey attorney, the bank is telling me the misspelling very much matters so what needs to happen to get this fixed?

You can adjust the wording to match your personality and geographic location.
by Kenkat
Mon Sep 14, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: Lawn mower recommendation
Replies: 91
Views: 6045

Re: Lawn mower recommendation

I bought a Toro Super Recycler this spring and it’s been great so far. I think you will be very happy with the cut (if you haven’t cut yet).
by Kenkat
Mon Sep 14, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16050

Re: Coping with Megacorp rat race

Maybe you should try moving around a bit while you are younger. I started off in Big 6 Technology Consulting, jumped to a corporate IT position for a company that eventually got bought out so I went back to IT Consulting for awhile before I switched back to another corporate IT position. At this poi...
by Kenkat
Mon Sep 14, 2020 10:49 am
Forum: Personal Consumer Issues
Topic: Coin and stamp values online?
Replies: 17
Views: 1030

Re: Coin and stamp values online?

For US coins, you can try: http://numismedia.com/rarecoinprices/fmv.shtml For circulated coins, look at prices in the VG-F-VF categories. The silver is worth about 20x face value at a minimum (i.e., 50 cents = close to $10) although the silver market is a little crazy right now and there’s a big spr...
by Kenkat
Sun Sep 13, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

Read this Microsoft article on why your password doesn't matter. https://techcommunity.microsoft.com/t5/azure-active-directory-identity/your-pa-word-doesn-t-matter/ba-p/731984 This is a very well written / well researched article on how accounts actually get compromised. As a trained computer scien...
by Kenkat
Sun Sep 13, 2020 12:34 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

Read this Microsoft article on why your password doesn't matter. https://techcommunity.microsoft.com/t5/azure-active-directory-identity/your-pa-word-doesn-t-matter/ba-p/731984 This is a very well written / well researched article on how accounts actually get compromised. As a trained computer scien...
by Kenkat
Sun Sep 13, 2020 12:24 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

Read this Microsoft article on why your password doesn't matter. https://techcommunity.microsoft.com/t5/azure-active-directory-identity/your-pa-word-doesn-t-matter/ba-p/731984 This is a very well written / well researched article on how accounts actually get compromised. I only skimmed it. It seems...
by Kenkat
Sun Sep 13, 2020 12:10 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

oldfort wrote: Sun Sep 13, 2020 11:37 am Read this Microsoft article on why your password doesn't matter.
https://techcommunity.microsoft.com/t5/ ... a-p/731984
This is a very well written / well researched article on how accounts actually get compromised.
by Kenkat
Sun Sep 13, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

there are best practices that the vast majority of commercial financial sites will use. That is indeed true for the vast majority of commercial financial sites. "vast majority" is not the same as "all". How lucky do you feel? Nobody accesses only commercial financial sites. How lucky do you feel? I...
by Kenkat
Sun Sep 13, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3226

Re: Security question on one's passwords

On most websites aren't passwords stored so that even the owners couldn't retrieve them, which is why if you can't remember it, you have to reset it? They can't just email you the original password. Nobody knows how "most" websites store passwords. While this is true, there are best practices that ...
by Kenkat
Sun Sep 13, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8392

Re: What % of income to spend on car?

This is actually inaccurate. Cars/transportation is the second highest expense category for the average household in the USA. It’s even more exaggerated in other cases. The more you spend on the car, the more the other associated categories cost, like insurance and maintenance. Housing is often num...
by Kenkat
Sat Sep 12, 2020 6:32 pm
Forum: Investing - Theory, News & General
Topic: Wellesley, "clones" and future prospects
Replies: 15
Views: 1654

Re: Wellesley, "clones" and future prospects

I think you have to realize that most of Wellesley’s “secret sauce” is very low turnover and very low expenses. This is pretty much the same secret sauce one finds in Vanguard’s index funds, so it’s not surprising that a comparable asset mix in index funds would closely mirror Wellesley’s performanc...
by Kenkat
Fri Sep 11, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: Neccesities for a Man Cave
Replies: 51
Views: 3456

Re: Neccesities for a Man Cave

In addition to those mentioned above:

Pool table, ping pong table, foosball table per your preference.
Dart board.
Video game setup.
by Kenkat
Fri Sep 11, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Have you seen 'Dark Web Alert - Compromised Email Address' message?
Replies: 9
Views: 1077

Re: Have you seen 'Dark Web Alert - Compromised Email Address' message?

Yes, I have gotten these on credit card provided security alerts. Sometimes it will tell me the site - for example, adobe.com and chegg.com both got hacked and my email (which isn’t particularly secret anyway) was compromised. I’ve also gotten ones that indicate that the password was also compromise...
by Kenkat
Fri Sep 11, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Index Funds - Dangerous?
Replies: 46
Views: 3769

Re: Index Funds - Dangerous?

A couple of points: 1) The S&P 500 does not equal index funds; a total stock market fund does not have the issue of “out of the top 5 companies in the sp 500 in 2009, only Microsoft right now is still there“ because a total stock index fund rode every one of the new top 5 up from a lower point. 2) W...
by Kenkat
Wed Sep 09, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8392

Re: What % of income to spend on car?

Read this. It will answer all of your questions. https://www.financialsamurai.com/the-110th-rule-for-car-buying-everyone-must-follow/ IMO, the Accord is the best value car on the road. Just make sure it fits within the 1/10 rule. The above cited article, and the premise of this question, are missin...
by Kenkat
Tue Sep 08, 2020 2:31 pm
Forum: Personal Investments
Topic: Help setting up Mass Mutual account
Replies: 13
Views: 827

Re: Help setting up Mass Mutual account

Of note on the Vanguard Target Date funds, they already contain allocations to Total Stock Market Index, Total International Index, Total Bond Index, and International Bond Index. It is already about as highly diversified as you can get; just the various percentages of each asset class vary by the t...
by Kenkat
Tue Sep 08, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: Well, it's October again - time to take profits?
Replies: 46
Views: 4594

Re: Well, it's October again - time to take profits?

Hockey10 wrote: Tue Sep 08, 2020 11:24 am My calendar says that today is September 8.
If you think about it though, that’s really just negative 22nd of October. Or would it be negative 23rd? :wink:
by Kenkat
Mon Sep 07, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cash App linked to Vanguard Brokerage to pay bills
Replies: 19
Views: 1324

Re: Cash App linked to Vanguard Brokerage to pay bills

You might look into Schwab. They offer a brokerage account with a bank account option which will allow you to write checks, do ACH, etc.
by Kenkat
Sun Sep 06, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12570

Re: Buying vs. Renting Principles (Sticky Thread Request)

There is already a page on rent vs. own in the Boglehead wiki:

https://www.bogleheads.org/wiki/Owning_vs_renting

Perhaps you could contribute to that page. Although I have seen sticky posts in other forums, it is not something that is supported here.
by Kenkat
Sat Sep 05, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Moving brokerage account -Quicken
Replies: 2
Views: 212

Re: Moving brokerage account -Quicken

My experience with Vanguard Brokerage conversion was that a different account, with a new number, was created at Vanguard and the next time I did a sync, Quicken walked thru a process to create a new Quicken account and transfer the assets out of the old account and into the new. I am not sure if th...