Search found 1818 matches

by wolf359
Sun Nov 17, 2019 11:09 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 63
Views: 3420

Re: Why do you have to "beat the market"?

I here people always trying to "beat the market" or the S&P 500. Why would I want to or need to try and beat it? Everybody starts out wanting to beat the market. There is a idea out there that if you are smart enough, or disciplined enough, or know enough, you can learn how to win at this stock mar...
by wolf359
Fri Nov 15, 2019 3:05 pm
Forum: Personal Consumer Issues
Topic: External sreaming device on smart TV
Replies: 16
Views: 750

Re: External sreaming device on smart TV

Yes. Don’t buy a tv based on its built in smart features which are likely poorly implemented, poorly supported, and likely to be left to languish after a couple of years. Use the 3rd party streaming device of your choice which can be updated cheaply every few years. I actually like the smart tv fea...
by wolf359
Fri Nov 15, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: External sreaming device on smart TV
Replies: 16
Views: 750

Re: External sreaming device on smart TV

RickBoglehead wrote:
Fri Nov 15, 2019 6:51 am
Ask you wife which TV does support Disney Plus...?????
Samsung and LG
by wolf359
Thu Nov 14, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 93
Views: 4802

Re: (Sigh) "Wasting" year-old smoke detector batteries...

I have a box of batteries. I'd throw them into the box. I also have a tester like the one you showed. Before using batteries for our tv remote or a flashlight or something else, I'll test it. Clocks will run years on a battery that's right on the line for dead. Flashlights and tv remotes don't use ...
by wolf359
Thu Nov 14, 2019 3:06 pm
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 64
Views: 3174

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

I would argue if you think both stocks and bonds are doomed, your SPIA is probably not safe either. The SPIAs are guaranteed in the case of insurer insolvency. By the same government agencies that issued the failed bonds? The assumption is BOTH bonds and stocks are unsafe. If US government debt sta...
by wolf359
Wed Nov 13, 2019 3:21 pm
Forum: Personal Investments
Topic: Where to park $ for about 1.5 yrs
Replies: 10
Views: 1061

Re: Where to park $ for about 1.5 yrs

Also check out http://www.magnifymoney.com for a comparison of high yield savings accounts and CD rates. Highest CD rate currently seems to be around 2.78% for 18 months with $100,000 minimum, from Interior Federal Credit Union. (It's not listed as restricted to members, but I didn't try applying, e...
by wolf359
Wed Nov 13, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Apple TV vs Competitors
Replies: 31
Views: 2452

Re: Apple TV vs Competitors

What are the main differences between an Apple TV for around $180 and an Amazon Firestick? I own the latter and am very satisfied with it. Does the content/programming vary significantly between Apple TV, Roku and Amazon Firestick to where a good number of consumers own all three? If you're satisfi...
by wolf359
Fri Nov 08, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: End of Support Chromebook
Replies: 68
Views: 6987

Re: End of Support Chromebook

I have used chromebooks for a long time, and I was caught off-guard by this issue. One day, my oldest chromebook informed me that end-of-life was coming. I got several months of warning, and eventually that date passed. I've done lots of research on the issue. Here's what I've learned: 1) 5 years is...
by wolf359
Mon Nov 04, 2019 8:56 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9172

Re: How much money is really needed in retirement?

A good friend of mine, retired for ten years and living in a low cost of living area, said you can get by just fine on $ 50K to $ 60K per year. About half of that comes from social security. Depends on your lifestyle. The median household income for 2017-2018 was approximately $62,000, according to...
by wolf359
Mon Nov 04, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204585

Re: U.S. stocks continue to soar!

There is a direct relationship between pork prices and the trade war between the US and China. One of the factors boosting the market recently has been the lack of escalation of that war, and various promising news on negotiations. With three rate cuts in a year, the economy has been pumped as far ...
by wolf359
Mon Nov 04, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Any danger in having all my retirement in Vanguard?
Replies: 17
Views: 1487

Re: Any danger in having all my retirement in Vanguard?

I have a lot of confidence in Vanguard, in the SIPC insurance protecting against fraud, and in Vanguard's additional insurance and policies protecting against hacking. On the other hand, we live in a world where everything is connected online, and any electronic resource may be attacked. In fact, yo...
by wolf359
Mon Nov 04, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204585

Re: U.S. stocks continue to soar!

Dang, I can't live without bacon. Imma headin' to the store tomorrow and stock up. Actually, there is a glut of bacon on the market. Classic by-product problem. China doesn't consume much bacon so when they import pork from the US there is a lot of surplus bacon. I don't believe this is correct. Po...
by wolf359
Mon Nov 04, 2019 2:49 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9172

Re: How much money is really needed in retirement?

A good friend of mine, retired for ten years and living in a low cost of living area, said you can get by just fine on $ 50K to $ 60K per year. About half of that comes from social security. Depends on your lifestyle. The median household income for 2017-2018 was approximately $62,000, according to...
by wolf359
Mon Nov 04, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1962
Views: 204585

Re: U.S. stocks continue to soar!

Dang, I can't live without bacon. Imma headin' to the store tomorrow and stock up. Actually, there is a glut of bacon on the market. Classic by-product problem. China doesn't consume much bacon so when they import pork from the US there is a lot of surplus bacon. I don't believe this is correct. Po...
by wolf359
Fri Nov 01, 2019 2:46 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20529

Re: I’m done with index funds

After doing quite a lot of research, I’ve decided to stop using low-cost index funds and switch to a separately managed account. This goes against the Bogleheads investment philosophy and it took me a long time to admit it was the right thing to do for me as I was genuinely convinced and passionate...
by wolf359
Thu Oct 31, 2019 6:13 pm
Forum: Personal Consumer Issues
Topic: Halloween Candy - Favorites; Throw it in the Bag
Replies: 61
Views: 3243

Re: Halloween Candy - Favorites; Throw it in the Bag

Ferrero Rocher Hazlenut chocolates. We strive to exceed expectations. And what neighborhood are YOU in?? :o ["Open mouth"!] Re: the homemade <anything>... too many wacko folks out there that handed out tampered goodies. It only takes a very few (and then there are copy cats!). So "factory sealed" h...
by wolf359
Thu Oct 31, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12512

Re: Possible Layoff: Need Assurance That We Will Be Okay

This literally MUST be a joke. It isn't a joke. Since the news hit, I have felt pretty sick and worried and couldn't sleep at all last night. Got up at 2:00 and came into the office to think and ponder. And to post my query. I do not handle uncertainty well. Loss of job is an emergency. That's what...
by wolf359
Wed Oct 30, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9734

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

We are using “variable percentage withdrawal (“VPW”)” which is designed to NOT completely spend down the portfolio—at least until age 100, when VPW suddenly goes nuts and starts recommending 50% annual withdrawals, then just STOPS. So, the implicit VPW strategy at the age 100 inflection point is......
by wolf359
Wed Oct 30, 2019 11:27 am
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 42
Views: 5106

Re: Afraid to take the leap

Hello I'm just at the beginning of my investment career. I made some lifestyle changes to increase my savings-rate to around 2000-2500$/month. I didn't save much till now (~15k available cash for investing), but that will change from now on. My IBKR account is now ready and I would like to invest i...
by wolf359
Tue Oct 29, 2019 8:28 am
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3797

Re: $930,000 new money to invest

I'll probably take flak for this, but given the recession fears I would wait until the market hits bottom and then dump it all in. I know, it's market timing. My version of that is to dump it all in now, with a 50/50 stock / treasury allocation. If the market tanks, then OP can rebalance to 100/0. ...
by wolf359
Mon Oct 28, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff
Replies: 55
Views: 3997

Re: Mortgage payoff

Thanx to the new tax rules we no longer write off our mortgage interest, so I guess the default tax write off is more beneficial. My question, my wife and I are recently retired (62 & 59), our pensions more then cover our minimum requirements. We still have 20 yrs left on a 30 yr fixed 5% mortgage....
by wolf359
Mon Oct 28, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: Roadtrip & Space Camp Huntsville
Replies: 10
Views: 882

Re: Roadtrip & Space Camp Huntsville

Wow, this sure brings up some happy memories. We've done exactly this trip. We went from Northern Virginia to Huntsville via I-81. On the way back, we drove to Atlanta, GA, then returned to Northern Virginia by coming up I-95 through South Carolina and North Carolina. The drive down I-81 feels more ...
by wolf359
Thu Oct 24, 2019 11:48 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10842

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

I think Edelman must have been wearing his Captain Obvious tee-shirt when he phoned this in. Broken Man 1999 This is just the synopsis of a section of his book "The Truth About Money." I couldn't decide if this was a paid article in order to advertise the book, or if the blogger had simply made a s...
by wolf359
Thu Oct 24, 2019 9:54 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10842

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

true: Reason #11 You’ll Never Get Rid Of Your Monthly Payment, No Matter How Hard You Try While technically true, this is not a reason to carry a big, long mortgage. The fact that you will have ongoing expenses other than a loan doesn't mean you should take out the biggest, longest loan possible. L...
by wolf359
Wed Oct 23, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Reduce roth 401(k) to just match to prepay mortgage?
Replies: 51
Views: 2620

Re: Reduce roth 401(k) to just match to prepay mortgage?

Can you do both? You're currently contributing to the Roth 401(k). 1) If instead you contributed to a traditional 401(k), your taxable income would drop, reducing your taxes. 2) Use the tax savings to pay down your principal. Neither your 401(k) nor your house are liquid assets. Your only true liqui...
by wolf359
Wed Oct 23, 2019 10:51 am
Forum: Personal Investments
Topic: How do you get over an investing mistake?
Replies: 42
Views: 2055

Re: How do you get over an investing mistake?

Silk McCue wrote:
Wed Oct 23, 2019 10:06 am
Your response would have been more valuable had you not passed judgement on their motivations in this case.

Cheers
My apologies. I have edited my response.
by wolf359
Wed Oct 23, 2019 10:47 am
Forum: Personal Investments
Topic: Investing in equities in EDJ as cheaply as possible
Replies: 21
Views: 1309

Re: Investing in equities in EDJ as cheaply as possible

You're paying $4,050 per year for professional advice. Why are you asking for the advice here? Why not ask the guy that you're paying a lot of money to do that job? How good of a job is he doing providing financial advice? Half of your assets are currently in individual municipal bonds. The risk wi...
by wolf359
Wed Oct 23, 2019 9:52 am
Forum: Personal Investments
Topic: How do you get over an investing mistake?
Replies: 42
Views: 2055

Re: How do you get over an investing mistake?

It is possible to make a poor decision and have a good outcome. For example, let's say I'm travelling somewhere that is 30 miles away and decide to ignore all traffic lights. If I safely arrive at my destination 15 minutes later, does it mean that my decisions were good? I have insufficient informat...
by wolf359
Mon Oct 21, 2019 1:38 pm
Forum: Personal Investments
Topic: Investing in equities in EDJ as cheaply as possible
Replies: 21
Views: 1309

Re: Investing in equities in EDJ as cheaply as possible

You're paying $4,050 per year for professional advice. Why are you asking for the advice here? Why not ask the guy that you're paying a lot of money to do that job? How good of a job is he doing providing financial advice? Half of your assets are currently in individual municipal bonds. The risk wit...
by wolf359
Mon Oct 21, 2019 11:20 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12099

Re: High income earner waiting for a bear market to start investing

My questions is this: What's the point of entering the market and investing now when I haven't even invested anything yet and the market seems to be in a bubble? Age: 40 but I plan to retire around age 75 or 80 and I don't want to be forced to withdraw investment earnings I'm thinking of waiting fo...
by wolf359
Sat Oct 19, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10187

Re: For those who are FI: At what point did you begin to relax?

What is DI2K? Is this a common acronym that I should know? I googled it and got nothing. Why do so many people use random acronyms, do they not realize that some people do not know what they are supposed to mean? Am I expected to do research to figure out what you are trying to say? Is it so hard t...
by wolf359
Fri Oct 18, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3748

Re: selling house, should we put in sod to replace ugly lawn?

6-12 months is enough time to turn a lawn around with fertilizer, reseeding, regular watering, and herbicides to create the perfect cottage lawn. It could also be done relatively cheaply, last longer, and look (and be) more durable. It costs time, but time you have. Sod will make it look nice very q...
by wolf359
Thu Oct 17, 2019 9:05 pm
Forum: Personal Investments
Topic: Capital Gain Taxes
Replies: 7
Views: 839

Re: Capital Gain Taxes

The greatest thing about the capital gains tax is that you get to choose when you incur the tax. You can also control the amount of the tax. If you don't sell, you don't get taxed. What you can't control is the tax rate. The wikipedia page on capital gains tax history is interesting. The thing to no...
by wolf359
Thu Oct 17, 2019 1:48 pm
Forum: Personal Investments
Topic: Is index life insurance a good investment?
Replies: 11
Views: 1344

Re: Is index life insurance a good investment?

There's a more nuanced answer here. The question people are answering is this, "Is indexed life insurance a good investment?" The answer to that question is almost invariably no. But the question you should be asking is this, "Being 2 years in, is my girlfriend's indexed life insurance policy a goo...
by wolf359
Thu Oct 17, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 7775

Re: $2,467 is a minimum emergency fund

If you find yourself unable to pay your mortgage after losing your job and running through a 1 month emergency fund, send the bill to professors Gallagher and Sabat. If you find yourself unable to retire at 70 because your 6-month emergency fund generated enough cash drag to create a 5-year deficie...
by wolf359
Thu Oct 17, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 7775

Re: $2,467 is a minimum emergency fund

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3455696 Jorge Sabat & Emily Gallagher study finds: Our key finding is that the threshold point is $2,467 with a 95% confidence interval of $1,814–$3,011 (in 2019 dollars) or roughly 1 month of income for the average low-income household – which is...
by wolf359
Thu Oct 17, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: RESOLVED: Dual-use "dress" / comfy shoes: Matte Black, locally sourced--starting with Brown Rockport Pro-walkers
Replies: 24
Views: 2022

Re: RESOLVED: Dual-use "dress" / comfy shoes: Matte Black, locally sourced--starting with Brown Rockport Pro-walkers

What's wrong with the Brown Rockport Pro-Walkers that you're using now? That's actually the one I use for this purpose. (Dual use dress and casual shoe for work and weekend wear.) I also have the version that is wingtips, but I prefer the pro-walkers. I get weird looks if I wear wingtips in casual s...
by wolf359
Wed Oct 16, 2019 2:59 pm
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 40
Views: 3639

Re: Cash basically sitting uninvested. What to do?

The problem is that you're paralyzed because this feels like a big chunk of money, and you don't want to lose it. So let's reframe it a little bit. Is this your entire investment portfolio? It's likely not. You probably have retirement accounts and other holdings. Is your emergency fund fully funded...
by wolf359
Wed Oct 16, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 118
Views: 6330

Re: car battery change or not? 2 year old battery

Service writers are paid commission at dealerships. If you came in and asked if the air filter needed to be changed on a brand new car you just drove out of the showroom, they'd say it looked really dirty and should be changed immediately. I change my own air filters, and especially the cabin air f...
by wolf359
Wed Oct 16, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 118
Views: 6330

Re: car battery change or not? 2 year old battery

I'd believe AAA. If the battery fails, they're the ones who would replace it anyways, under terms of their warranty. If you replace it through the dealer, you will pay full price, and will lose the remainder of the warranty. Batteries are one of those items that you can change yourself. Get them fro...
by wolf359
Wed Oct 16, 2019 9:24 am
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11521

Re: How to handle 5M capital gain (post-IPO)

Oh, and congratulations on your success!
:sharebeer
by wolf359
Wed Oct 16, 2019 9:08 am
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11521

Re: How to handle 5M capital gain (post-IPO)

I'm not sure if I'm the one who's off, but my numbers seem to be completely different than those being tossed around. Therefore, I will try to back mine up with sources. You're talking to fiduciary advisors, which is good, but you may be talking to the wrong ones. Since they're being paid with asset...
by wolf359
Tue Oct 15, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: I thought Pyrex glass food storage containers were supposed to be durable?
Replies: 35
Views: 3824

Re: I thought Pyrex glass food storage containers were supposed to be durable?

An article about this issue:

https://gizmodo.com/the-pyrex-glass-con ... 1833040962

It is still possible to buy products made of borosilicate glass. You have to seek them out.
by wolf359
Tue Oct 15, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: Commuting dilemma
Replies: 34
Views: 2647

Re: Commuting dilemma

Is the driving between the offices for purposes of the business? Could you turn the car itself (not just the gas) into a business expense? In that case, the car costs and depreciation could become a write-off. Alternately, if the car were leased, the entire cost could be a business expense. I am not...
by wolf359
Tue Oct 15, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4696

Re: Invited to join HOA board. Pros/cons?

You will tick off 50%+ of the community no matter what you do. +1 This is a huge con and the number one reason why I wouldn't want to serve on a HOA board. Most issues aren't of this nature. When an issue comes up that might divide the neighborhood, we take it to the annual meeting and have the com...
by wolf359
Tue Oct 15, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4696

Re: Invited to join HOA board. Pros/cons?

My wife served on our HOA board for a short period. Once we verified they carried no liability insurance fo the board members, she quietly resigned her position. She is still unofficially involved, but not as a named board member. This was per our attorneys advice. I won’t serve on any board or com...
by wolf359
Tue Oct 15, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Studied in the US long ago, suspect someone might be using my identity in the US
Replies: 7
Views: 1176

Re: Studied in the US long ago, suspect someone might be using my identity in the US

many years ago I went to college in the states. As this was before 9/11, I was issued a SSN (afaik issuing SSNs to foreign students didn't happen afterwards). I suspect someone might be using my identity in the US. The Experian etc. website wants all sorts of information from me to issue my free cr...
by wolf359
Tue Oct 15, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Studied in the US long ago, suspect someone might be using my identity in the US
Replies: 7
Views: 1176

Re: Studied in the US long ago, suspect someone might be using my identity in the US

Back when they charged to freeze credit, it was a flat fee to freeze it. It was not $30 per year. The credit agencies and other parties try to sell credit monitoring services which they pitch as better than freezing (it's worse, since credit isn't actually frozen.) Those are what cost an ongoing sub...
by wolf359
Tue Oct 15, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4696

Re: Invited to join HOA board. Pros/cons?

Pros: - You get to find out what's going on in your neighborhood. - You get input on how the HOA will react to things going on in your neighborhood. - You get to know and connect with your neighbors. - You get to prevent the HOA board from being to strict or too lenient on matters that you care abou...
by wolf359
Mon Oct 14, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5127

Re: 2020 Social Security Maximum Taxable Earnings $137,700

I'm really glad you posted this because I think I'll exceed the max SS withholding this year due to changing jobs. I didn't know you could request a return of overwithholding if one's employers withheld SA tax on more than the maximum taxable earnings (it's on 1040 Schedule 5). I still keep learnin...