Search found 786 matches

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: 6726

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: 83
Views: 7112

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: 188
Views: 11119

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: 11297

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: 279
Views: 20350

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: 170
Views: 8765

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: 135
Views: 16831

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: 4969

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: Personal Finance (Not Investing)
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 445
Views: 40660

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: 14070

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: 199
Views: 18712

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: 2841
Views: 515924

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: 9935

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: 9935

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: 12933

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: 21777

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: 6601

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 even at sixty-five...
by burt
Sat Feb 08, 2020 7:53 am
Forum: Personal Consumer Issues
Topic: TurboTax Crashing - updated still no joy
Replies: 29
Views: 1877

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: 46
Views: 5505

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: 46
Views: 5505

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: 50012

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: 17613

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: 5780

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: 7745

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 be able to ...
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: 2889

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 "work...
by burt
Sun Jan 19, 2020 6:26 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 90
Views: 7021

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: 6423

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...
by burt
Fri Dec 27, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Home Natural Gas - Contract or Monthly rate
Replies: 4
Views: 412

Home Natural Gas - Contract or Monthly rate

Trying to decide if I should sign a 12-24 month contract with a Natural Gas supplier or just stay with monthly market rates.
The Boglehead in me says nobody knows where natural gas prices are going..... so just pay the monthly market rate.
Any thoughts?

burt
by burt
Mon Dec 23, 2019 6:59 pm
Forum: Investing - Theory, News & General
Topic: Too poor to invest - living in the 12% bracket
Replies: 114
Views: 11961

Re: Too poor to invest - living in the 12% bracket

Married, currently coming in near the top of the 12% bracket taxable income. I wish we made more but we are able to accomplish a lot with what we have. Do the best you can and you’ll be surprised at the results. We saved 33% of gross income this year and I still feel like we lived it up! It is good...
by burt
Wed Dec 18, 2019 7:18 am
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10452

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

Uncorrelated wrote:
Tue Dec 17, 2019 5:28 pm
The simplest way to avoid market timing is to chose an asset allocation where the assets are expressed in percentages instead of years.
+1
Exactly.
by burt
Sun Dec 15, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: Furnish washer in rental house?
Replies: 14
Views: 1276

Re: Furnish washer in rental house?

I have (12) rentals (SFR) and do not supply W&D (unless there is one left there by previous tenants) I do not compensate renters who leave W&D behind. I do not support repairs to W&D. This appliance is too often abused by tenants and use is very dependent on tenant's habits. i.e. We do about 3 load...
by burt
Sat Dec 14, 2019 6:30 pm
Forum: Personal Consumer Issues
Topic: Another Streaming Device?
Replies: 34
Views: 1866

Re: Another Streaming Device?

Thanks to the Boglehead "Personal Consumer Issue" topic and in particular this thread. I have put up with a crashing FireStick for 18 months. I know, sad. Research indicated that the problem could be cables, wireless router, power supply, internet provider, on and on and on. Everything but the FireS...
by burt
Wed Dec 11, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 411
Views: 29360

Re: Retirement Friendly States

My 60 year old neighbor fell on his driveway trying to shovel this morning. I'll have to help him clear snow this evening before it turns to ice. Ah....just a kid out playing in the snow. (I'm 62, so can say that) Personally, I have kids at home to shovel. I operate the snowplow and then use the bu...
by burt
Sat Dec 07, 2019 6:01 pm
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6287

Re: Inheritance in wife’s name or both spouses?

Married 41 years.
Everything is joint or 100% beneficiary to each other.
Stupid choices ended in our 30's.
It's called commitment.
by burt
Sat Nov 23, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Generational Wealth Transfer
Replies: 25
Views: 3659

Re: Generational Wealth Transfer

Generational Wealth Transfer is an interesting topic. I enjoyed reading about the Vanderbilt family fortune which evaporated in about 3 to 4 generations. Late 1800's through early 1900's. Somehow they thought of ways to burn money that I couldn't imagine even in today's times. Mansions, yachts, and ...
by burt
Sat Nov 02, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 89241

Re: Flaunt Your High-Mileage Car

OK, I'm going to play the devils advocate. I have an old car with low miles. 2010 Toyota with 70,000 miles. Who in the world would want to brag about high miles? Who would want to spend the majority of their waking hours for 20+ years driving a car? Statistically, driving is the most risky of activi...
by burt
Thu Oct 31, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4742

Re: California Fires: Landlord/Tenant Question

If I was a renter looking at a house with "issues" ... I would be looking for lower rent.
Issues could be almost anything including power outages and fire.
by burt
Tue Oct 29, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: bipolar/alcoholic/broke/jail time - how to move forward financially?
Replies: 37
Views: 4719

Re: bipolar/alcoholic/broke/jail time - how to move forward financially?

I have a relative going through the same thing. Mental illness combined with severe substance abuse. He started out well with a college education, job at a Fortune 100 company, married, nice house and cars. Within the past 4 years he has lost everything. Job, wife, house, and is living with parents....
by burt
Sun Oct 27, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 29455

Re: Do you plan to actually spend down your portfolio?

4 years into retirement. Portfolio is larger now than when I retired.
I know that stuff could hit the fan at any time... so I live modestly and don't mind leaving money on the table.
Money left on the table hurts far less than running out of money.
by burt
Sat Oct 12, 2019 5:24 pm
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5537

Re: Retirees, when did you start really planning your retirement?

Retired 4 years ago at age 60. Back in 1981 I attended a 401k session courtesy of my employer. Presentation talked about company match and the magic of compound interest. I was sold. In 2000 a co-worker put me on to Scott Burns and Couch Potato investing with low cost Vanguard Index Funds. I was sol...
by burt
Sun Oct 06, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: Document Storage: what format? (paper, fiche, scan,..?)
Replies: 43
Views: 4209

Re: Document Storage: what format? (paper, fiche, scan,..?)

avenger wrote:
Sun Oct 06, 2019 6:33 am
I keep no paper. I scan all relevant paper as soon as it enters the house, and save copies of online statements.
+1
I keep no paper.
I download all of my online statements.
I love my Brother black&white laser printer/scanner.
I shred everything with a name and address.
by burt
Thu Sep 19, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: US Bonds reaching negative
Replies: 36
Views: 4993

Re: US Bonds reaching negative

nisiprius wrote:
Wed Sep 18, 2019 4:58 pm
a) Stay put and take my lumps, which is what I plan to do, or
+1
Also me.
Let it ride.
by burt
Wed Sep 18, 2019 5:08 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 29
Views: 2431

Re: induction wins

Replace with induction. Sleep at night. You will spend a lot less time with your stove if you have induction. You can boil a pot of water in about 2 minutes. It cools down instantly. I love my induction stove because I do not like standing over a hot stove. I bought mine at the Sears outlet store (...
by burt
Wed Sep 18, 2019 5:06 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 29
Views: 2431

Re: Electric Range - Failing on High Heat

Following OP's reasoning, he should investigate the design and construction of the range before buying it. Not easy to do, and he may find out that most ranges out there are built the same way with the same parts. You are correct. I did some quick research and determined that infinite switches are ...
by burt
Mon Sep 16, 2019 7:09 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 29
Views: 2431

Re: Electric Range - Failing on High Heat

This is very confusing. Are you saying your range has failed again after you had it fixed the first time? Or did you not fix it and then came back to complain because it did the same problem that it was already known to do? I did not fix it the first time and am coming back to complain. While repla...
by burt
Mon Sep 16, 2019 5:45 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 29
Views: 2431

Re: Electric Range - Failing on High Heat

This is an update: 3 weeks ago I was warming food on the electric range (setting 50%) and walked away for approximately 5 minutes. Came back in the house and discovered smoke and a glowing red range burner. This has happened before but now I had enough with this 3 year old GE electric oven/range. I...
by burt
Sun Sep 15, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 168
Views: 10528

Re: How old is your cellphone?

Moto G4, 3 years old.
I will keep it as long as the battery holds out.... even then will try to replace the battery.
$800 for a phone........ no thanks.
I prefer not to be connected.
by burt
Sun Sep 15, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 29
Views: 2431

Re: Electric Range - Failing on High Heat

This is an update: 3 weeks ago I was warming food on the electric range (setting 50%) and walked away for approximately 5 minutes. Came back in the house and discovered smoke and a glowing red range burner. This has happened before but now I had enough with this 3 year old GE electric oven/range. I ...
by burt
Sat Sep 14, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: Kitchen drawer slide hardware recommendations needed
Replies: 17
Views: 1140

Re: Kitchen drawer slide hardware recommendations needed

I'm sorry, can't offer recommendations for drawer slide hardware, however I feel compelled to respond since I recently went through a broken drawer slide ordeal. My observation is that a broken drawer slide is one of the worst home repairs. Roofing, plumbing, electrical, landscaping, concreate, remo...