Search found 809 matches

by burt
Sun Apr 04, 2021 2:22 pm
Forum: Investing - Theory, News & General
Topic: Is the CPI cooked? Eric Weinstein on Joe Rogan
Replies: 2
Views: 821

Is the CPI cooked? Eric Weinstein on Joe Rogan

Is the CPI cooked?
Eric Weinstein makes a good argument that it is.
Impact of bogus CPI amounts to Trillions of dollars.

CPI discussion starts at 5:30.
https://www.youtube.com/watch?v=l1jTUhwWJYA
by burt
Sat Mar 20, 2021 5:10 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 266
Views: 20792

Re: Were You Around During Dotcom Bubble?

Same here for Cisco. Started late 90s with a bunch of options. After multiple splits and more options the value was around 1M when it hit the high of 83 and change, at least on paper. At the same time I was contributing to the ESPP and 100% margined buying individual stocks. Anything you bought mad...
by burt
Fri Mar 19, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 368
Views: 26811

Re: Have All 3rd Stimulus Direct Deposits Been Made?

As of yesterday, I haven't received the 3rd Stimulus deposit.
I got the same message "Payment status not available".
I'll check again later today.
by burt
Wed Mar 17, 2021 6:21 am
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 107
Views: 8811

Re: How much do you weigh your homes value in your retirement portfolio?

I recently used retirement funds to pay off the mortgage.
I don't include the house value in my retirement portfolio, but I did reduce my monthly spending budget by the amount of the monthly mortgage payment.
by burt
Sun Mar 14, 2021 5:06 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 151
Views: 10091

Re: What are your travel plans in 2021 and beyond?

Tingting1013 wrote: Sat Mar 13, 2021 1:31 pm Will continue to be locked down for the foreseeable future. No plans to leave the house this year. Risk is too high.
+1
This thing is far from being over. Lots of unknowns.
It's a risk/benefit evaluation.
I didn't grind for 40 years just to be taken down early by a virus.
by burt
Tue Feb 23, 2021 7:18 am
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 103
Views: 7595

Re: which snow blower ?

Not too happy with my 4 year old Ariens Deluxe 24" right now.
A few weeks ago the leaking fuel shutoff valve was replaced.
Yesterday the traction cable broke.
I estimate both repairs to cost $350 on a $1000 machine.
I'm not sure how long I want to keep this machine. Maybe Toro next time?
by burt
Fri Feb 12, 2021 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 96
Views: 16193

Re: Laid off!!

I investing in enough research and development for “me inc”? Are my product offerings going to be relevant 10 years from now? I have often told my students that they are definitely not the customer in higher ed. Rather, they are paying for the opportunity to become a sought-after product . I'm stea...
by burt
Tue Jan 26, 2021 7:05 am
Forum: Personal Consumer Issues
Topic: Snowblower hose leak
Replies: 12
Views: 928

Re: Snowblower hose leak

What a coincidence. I noticed a gas leak on my snowblower last week. Looks like it's coming from the area near the fuel shutoff valve. Looks like the fuel shutoff valve is attached to the fuel tank. When I called the service shop they mentioned the ethanol issue. Ethanol can dry out seals, gaskets, ...
by burt
Sun Dec 20, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do my wife and I even need a traditional estate plan?
Replies: 78
Views: 4073

Re: Do my wife and I even need a traditional estate plan?

Our situation is similar to yours. 90% of assets are in brokerage/bank accounts with beneficiaries named. No children. No divorces. No businesses. No investment properties. I'm going with a simple will via NOLO. Soon we will be arranging prepaid funerals. My intent is to minimize the burden of those...
by burt
Sun Dec 06, 2020 7:09 am
Forum: Personal Consumer Issues
Topic: New Truck Purchase
Replies: 105
Views: 7780

Re: New Truck Purchase

Workaholic wrote: Sun Nov 29, 2020 10:01 pm
burt wrote: Sun Nov 29, 2020 6:54 pm If I need a truck.... I'm doing something wrong.
Why?
If a truck is needed, I hire the work done.
by burt
Sun Dec 06, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Restaurant take out during the pandemic?
Replies: 93
Views: 7429

Re: Restaurant take out during the pandemic?

We get take-out maybe a couple nights a week. Nothing fancy, pizza, meatloaf special, sub sandwich. We only patronize those places which enforce strict safety and health protocols. We have boycotted several businesses which do not enforce safety and health protocols. Most likely will not return. It ...
by burt
Sun Nov 29, 2020 6:54 pm
Forum: Personal Consumer Issues
Topic: New Truck Purchase
Replies: 105
Views: 7780

Re: New Truck Purchase

If I need a truck.... I'm doing something wrong.
by burt
Fri Nov 13, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 334
Views: 26810

Re: Taylor Sends His Best to Fellow Bogleheads

Pete12 wrote: Thu Nov 12, 2020 1:58 pm
michaellarimore wrote: Wed Nov 11, 2020 6:16 pm Thanks to Everyone for Being Such A Big Part of His Life-
Thanks to YOU Taylor, you are such a big part of OUR lives. Even though we have never met, your advice and guidance will be something I follow for the rest of my life.
With gratitude,
Pete
+1
With gratitude,
burt
by burt
Wed Oct 14, 2020 5:59 am
Forum: Personal Consumer Issues
Topic: Building a new house - Successes and regrets?
Replies: 53
Views: 5357

Re: Building a new house - Successes and regrets?

I've never had a house built, but lived in a townhouse with serious foundation problems. Cracks in the wall you could stick your hand in. Numerous smaller cracks that needed repair and paint, every year. Roof leaks caused by the house settling. Foundation repair company jacked the house up and that ...
by burt
Sun Sep 20, 2020 5:02 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 380
Views: 32114

Re: Is anyone waiting until after the election?

Nope, I pulled the plug a few weeks ago.
Went from 30/70 in US index funds to 30/70 in Target Retirement Income fund.
I like the International diversification.
Seems like I read somewhere that the only "free lunch" is diversification.
by burt
Sat Sep 19, 2020 4:28 pm
Forum: Personal Consumer Issues
Topic: OLD papers [How do I dispose of old papers?]
Replies: 53
Views: 4119

Re: OLD papers

I shred everything with my name and address.
$40 shredder from Amazon will do the job.
by burt
Tue Aug 25, 2020 7:15 am
Forum: Personal Consumer Issues
Topic: Vacationing safely in the era of Covid - How did you do it?
Replies: 124
Views: 9986

Re: Vacationing safely in the era of Covid - How did you do it?

Some great advice here. But we decided to skip vacations for one year. Why take on the hassle and have health concerns in the back of our minds? At home this year we had enough to read, clear clutter, review wills + trusts, re-examine insurance policies, etc. Watched Classic movies together. So we ...
by burt
Sat Aug 08, 2020 6:09 am
Forum: Personal Finance (Not Investing)
Topic: On-call on weekends ?
Replies: 65
Views: 6398

Re: On-call on weekends ?

Uncompensated overtime is bad enough. Throw in some 24/7 on-call weeks and....nope, not gonna do it.
I kept my mouth shut and found another job.
by burt
Wed Jul 29, 2020 6:06 am
Forum: Personal Investments
Topic: Mid-Life / Mid-Career Crossroads - Help Us Make Sense of it All
Replies: 44
Views: 5453

Re: Mid-Life / Mid-Career Crossroads - Federal Couple - Help Us Make Sense of it All

I usually recommend that the main consideration in a career is job security above all else unless you have a particular passion or special talent for some sort of vocation. This is analogous to the Boglehead principle of investing in the entire stock market since it's apparently the only reliable s...
by burt
Fri Jul 17, 2020 6:38 am
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31872

Re: What surprised you the most once you retired?

Several—but the two most important surprises are one, with less income we have more discretionary money, and two, Covid 19. We are very fortunate to be retired in all this. We have income, healthcare, a house, etc. Our retirement is disrupted but despite that we’re fine but we feel terrible for all...
by burt
Thu Jun 04, 2020 6:04 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 25386

Re: Are you still going to the grocery store or using a delivery service? Which?

95% of my needs can be met with curbside groceries and Amazon.
I will not go to any store which does not enforce masks for employees and customers.
by burt
Wed Jun 03, 2020 7:01 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 25386

Re: Are you still going to the grocery store or using a delivery service? Which?

ruhigste wrote: Wed Jun 03, 2020 6:11 am
agbp wrote: Wed Mar 25, 2020 4:06 am Curbside pickup for now. We haven’t been in a store for nearly 2 weeks.
+1
+1
We haven't been inside a grocery store in 8 weeks. We're making due with curbside.
We've been in lockdown for 8 weeks, and it doesn't make sense to risk getting sick now.
by burt
Fri May 15, 2020 6:45 am
Forum: Personal Consumer Issues
Topic: Is anyone on the road?
Replies: 35
Views: 4227

Re: Is anyone on the road?

"Why drive fast if there is no reward?" - Niki Lauda (movie Rush)
by burt
Fri Apr 03, 2020 3:13 pm
Forum: Personal Investments
Topic: Share what worked in your plan during the crisis
Replies: 103
Views: 7351

Re: Share what worked in your plan during the crisis

Age 64 and retired.
30/70
4 years ago, I retired and moved to a small rural town with low cost of living.
by burt
Thu Apr 02, 2020 6:03 am
Forum: Personal Finance (Not Investing)
Topic: COVID-19 Stimulus Payment Issue
Replies: 86
Views: 8049

Re: COVID-19 Stimulus Payment Issue

brokendirtdart wrote: Wed Apr 01, 2020 6:53 pm
rickwmm wrote: Wed Apr 01, 2020 4:32 pm fairly
willardx wrote: Wed Apr 01, 2020 5:28 pm fair
There was never anything fair about this. It is purely a wealth redistribution move.
$6 Trillion stimulus divided by 100 million families = $60,000 per family.
by burt
Wed Apr 01, 2020 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13872

Re: Help for Landlords in the Stimulus Bills?

I too am invested in real estate (via REITS).
Vanguard Real Estate Index Fund VGSLX is down -24% ytd.
Risk means sometimes you lose.
by burt
Sun Mar 29, 2020 6:02 am
Forum: Investing - Theory, News & General
Topic: I won the game but kept playing
Replies: 133
Views: 12361

Re: I won the game but kept playing

If you are close to 100% stocks and over 50, I would be concerned that your 2M could continue dropping to 1M or worse. Of course, selling low sucks. But do you have to go all the way down with the ship? Age in bonds/cash is a good rule imo. $1M? You seriously think -67% is in the cards? If that hap...
by burt
Wed Mar 25, 2020 7:12 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 25386

Re: Are you still going to the grocery store or using a delivery service? Which?

Our grocery stores are a mess. Walmart and Meijer super centers located in a small town in the Mid-West. Shelves are empty and the parking lots are full. Forget social distancing. On-Line ordering with delivery service is broken. Thank goodness for small independent restaurants which have carry out....
by burt
Wed Mar 25, 2020 6:04 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 184
Views: 12805

Re: What is your AA, given your age ? and this crisis ?

Age 64 (retired)
30/70
I was comfortable with this AA before the crash.
I'm really comfortable with it now.
by burt
Wed Mar 25, 2020 5:33 am
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 181
Views: 26421

Re: Where's Warren Buffett During This Crisis?

During the 2008/2009 crash, Buffett worked out deals to buy preferred shares of distressed companies. GE and Dow Chemical were a couple of these companies. He bought about $5 Billion in each company. The preferred shares were paying 9% annual dividends with restrictions on when the company could buy...
by burt
Sat Mar 21, 2020 6:51 am
Forum: Personal Consumer Issues
Topic: Are you in the mood to buy anything?
Replies: 62
Views: 5200

Re: Are you in the mood to buy anything?

With family, friends and community experiencing hardship I'm not in the mood to buy anything other than take-out meals, rental movies and booze.
by burt
Thu Mar 19, 2020 4:51 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 57098

Re: How Is Your Job Being Impacted By The Current Crisis?

Mandatory 12-16 hour shifts 7 days a week. I work for a grocery supplier we have 4x normal volume Many, Many thanks! Thanks to the hoarders some simple things are in short supply. WoodSpinner +1000. Appreciate the workers who supply grocery stores whole heartedly. Thank you. I work for the biggest ...
by burt
Sun Mar 15, 2020 5:15 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14653

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

Did I miss the memo that this downturn is over? Yah OP. This isn’t “really it”. Indications are that we’re just getting started. People in the hospitality, travel, and food service industry are going to start losing their jobs. If a paper loss doesn’t bother you that’s fine. There are many who aren...
by burt
Sat Mar 07, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 21971

Re: Where My 100% Equities Peeps At?!?

100% equities? Not here.
Retired 4 years ago.
I met my goal and absolutely refuse to jeopardize my Wednesday meatloaf special at the local diner.
30/70.
by burt
Thu Mar 05, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3553
Views: 588903

Re: What are you up YTD? [Year To Date]

As of end of day 3-5-20.
+.5%
30/70
by burt
Thu Mar 05, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10404

Re: "Can Low Retirement Savings Be Rationalized?"

In 1974 I worked a summer job while going to college. I cleaned tanks, mowed tank farm dikes, painted pipes with a brush, and shoveled oiled gravel. That job payed $7.50/hour.... or $39/hr in 2020 dollars. I was most grateful for that summer job. Low savings rates might...just might...be due to low ...
by burt
Thu Mar 05, 2020 6:35 am
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10404

Re: "Can Low Retirement Savings Be Rationalized?"

My Grandmother retired at 65, took SS had mere pennies in the bank. She lived in a one bedroom apartment, no car, no loans, just payed utilities. She received a brick of cheese from the government once a month, her two kids brought her groceries each week. Never ate out or made any new purchases, s...
by burt
Sun Mar 01, 2020 7:51 am
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 14237

Re: Do you ever use cash?

ATM machines are everywhere. Somebody must be using cash.
by burt
Wed Feb 26, 2020 6:18 am
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22825

Re: What did you learn from the 2/24 sell off?

I well remember the S&P 500 losing money 3 years in a row.
2000: -10%
2001: -13%
2002: -23%

Combine investment losses with a layoff and a house I couldn't sell.
Now that was a real test.
by burt
Tue Feb 18, 2020 6:28 am
Forum: Investing - Theory, News & General
Topic: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20
Replies: 64
Views: 6744

Re: NY Times - "How Millennials Could Make the Fed’s Job Harder" FIRE mentioned 2/17/20

Reminds me of William Bernstein's article "Retirement Calculator from Hell-Part IV". "If you want to retire early, what matters is not how much you save, but how much more than everyone else you save . In a world where everyone saves as if they’re going to retire at fifty-five, or eve...
by burt
Sat Feb 08, 2020 7:53 am
Forum: Personal Consumer Issues
Topic: TurboTax Crashing - updated still no joy
Replies: 29
Views: 2314

Re: TurboTax Crashing - updated still no joy

Something similar happened to me a few weeks ago. Tried installing TT from a disk and computer crashed. Desktop looked different. Shortcuts didn't work. Programs missing. I reset Windows 10 and reinstalled the missing programs. Frustrating.
by burt
Thu Feb 06, 2020 6:52 pm
Forum: Personal Consumer Issues
Topic: Netflix - New Way Of Throttling [DVDs]?
Replies: 94
Views: 16476

Re: Netflix - New Way Of Throttling [DVDs]?

Since this is Bogleheads, we might as well digress to a bit of data from their investor filings. The Q4 2019 earnings statement lists 2.15 million DVD service subscribers, providing average revenue per subscriber of $11.50 per month... ...and a 58.5% operating margin for that segment of their opera...
by burt
Thu Feb 06, 2020 7:59 am
Forum: Personal Consumer Issues
Topic: Netflix - New Way Of Throttling [DVDs]?
Replies: 94
Views: 16476

Re: Netflix - New Way Of Throttling [DVDs]?

Since this is Bogleheads, we might as well digress to a bit of data from their investor filings. The Q4 2019 earnings statement lists 2.15 million DVD service subscribers, providing average revenue per subscriber of $11.50 per month... ...and a 58.5% operating margin for that segment of their opera...
by burt
Thu Feb 06, 2020 6:48 am
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 53663

Re: $3 million the new rule of thumb?

You don't feel the urge to get some sunlight? I love Forks and Alpine. But in the winter, I'd visit Miami or San Diego. No. Even when I was traveling abroad, I chased the cold/wet seasons. That’s my favorite climate as well. Drizzling and 60-70F is perfect! Alternative (similarly enjoyed) is overca...
by burt
Tue Feb 04, 2020 7:09 am
Forum: Investing - Theory, News & General
Topic: Why many inheritances don't last past 3 generations
Replies: 144
Views: 18250

Re: Why many inheritances don't last past 3 generations

commodore vanderbilt died, i think, with over $100m. 5% of 5% was still $250,000+ per year in the early 1900s, so maybe they could. really puts into perspective how DIFFICULT it would be for a person not born into such wealth to squander it so quickly. I always said (living near Asheville) that Geo...
by burt
Fri Jan 31, 2020 6:17 pm
Forum: Personal Investments
Topic: No Bonds? Late 30s, early 40s?
Replies: 61
Views: 6550

Re: No Bonds? Late 30s, early 40s?

Start with age in bonds. You can adjust +/- 10% depending on your desires.
That's it. Done.
Read some books on the Bogleheads Wiki.

burt
by burt
Thu Jan 23, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Are interest rates ever going back up?
Replies: 98
Views: 8109

Re: Are interest rates ever going back up?

The Fed tried to normalize rates in 2018 (and move to "auto pilot" QT) and it only led to the worst December stock market crash since the Great Depression, so they changed course rather quickly to cut rates and go back to QE in 2019. I always knew the rate hikes the Fed wanted would not b...
by burt
Tue Jan 21, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Which areas have the highest median household income to lowest median home price ratio?
Replies: 26
Views: 2968

Re: Which areas have the highest median household income to lowest median home price ratio?

https://www.citylab.com/equity/2018/05/where-the-house-price-to-income-ratio-is-most-out-of-whack/561404/ It is interesting that 9 out of the 10 most affordable metros listed in this article were in OH or PA. You can live very nicely here for a reasonable cost. I've always maintained that the "...
by burt
Sun Jan 19, 2020 6:26 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 175
Views: 13173

Re: Not Experiencing Any Problems With Vanguard

I hear complaints about Vanguard Service.... and can't understand why. I've been with Vanguard for 20 years. No problems. I might have to call Vanguard every three years for something like, inherited IRA, or Agent Authorization. Other than that, what in the world do you need customer service for? Th...
by burt
Sun Jan 05, 2020 6:24 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6880

Re: If not for fixed income, why Vanguard?

Thanks for the suggestions for MMF and Bond Fund alternates. I'm looking at them. I still have large stock mutual funds with Vanguard that I don't want to see out of and generate taxes. Given how bad Vanguard is getting compared to Fido and Schwab, one has to wonder whether a young Bogle would choo...