Search found 1003 matches

by Independent George
Tue Aug 04, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: Mortgage sold - no contact from new lender
Replies: 28
Views: 2711

Mortgage sold - no contact from new lender

Title pretty much says it all - my mortgage was paid off yesterday, indicating that it was purchased by a new bank, but I have not been contacted by my new lender. (My guess is they sent something by email which got intercepted by my spam filter). The 1st of the month was Saturday, so I didn't even ...
by Independent George
Mon Jul 27, 2020 11:55 am
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 8045

Re: Article claiming 401k no longer "makes sense"

It's almost as the question of traditional vs Roth vs taxable depends almost entirely on your own particular circumstances, and that you shouldn't make financial decisions based on aggregate data that don't consider variables unique to your household.
by Independent George
Mon Jul 06, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

I had vacation scheduled for the last two weeks; even though I didn't travel anywhere, I made a conscious effort to stay away from my computer. As far as I can tell, my portfolio is worth roughly what it was when I was when I "left", but the "soaring" and "freefall" thr...
by Independent George
Wed Jun 17, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10591

Re: Best watch for $5,000+

Hopefully this gives the thread new life! Thanks. Anyone have good recommendations for the $5k - 10k price range besides the usual suspects (Rolex, Omega, Grand Seiko)? It's funny that Grand Seiko is considered one of the usual suspects. Traditionally that would have been Breitling, IWC, and Tag He...
by Independent George
Tue Jun 16, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 101
Views: 9279

Re: Online / Gun Dealer Recommendations

I see the OP already made his purchase, but I want to add a few things for anyone else reading this thread: 1. I've had multiple people tell me their credit card info was stolen after purchasing from Palmetto State Armory. I have no personal experience with this myself, and it's a small enough sampl...
by Independent George
Tue Jun 16, 2020 9:42 pm
Forum: Personal Consumer Issues
Topic: Best watch for $5,000+
Replies: 127
Views: 10591

Re: Best watch for $5,000+

My favorite watch is a Grand Seiko spring drive. I own a Grand Seiko SBGA109 with a beautiful tatami dial. I also like my Rolex, Audemars Piguet, and Panerai watches. I really need to see the new SBGA429 once the stores re-open. I love the color contrast, and, most importantly, they finally release...
by Independent George
Sat Jun 13, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

Fear not fellow bulls, futures are up tonight, 450pts+ . Word on the street it is millennials using Robin Hood to day trade that is making the market bounce like a dead cat. As soon as they have sports to bet on again they will go back to that. "Robinhood traders are not behind the rally and t...
by Independent George
Wed Jun 10, 2020 7:21 pm
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21925

Re: Market makes no sense

After a decade of being a stable, passive investor, I'm tempted to time the market. Can someone help talk me off the ledge? I don't understand how we can have a recession with such massive unemployment, companies going bankrupt and closing stores, a likely virus resurgence leading to further decrea...
by Independent George
Wed Jun 10, 2020 6:28 pm
Forum: Investing - Theory, News & General
Topic: Do Any Bogleheads Consider Themselves Bears?
Replies: 51
Views: 2631

Re: Do Any Bogleheads Consider Themselves Bears?

I'm definitely bearish in outlook, but behave like a bull (90/10 for the forseeable fugture). Funny enough, back in Feb/March, that was the most bullish I've felt in ages - once we went past -20%, I actually felt relief because I'd been anticipating that for years, and it finally happened. I won't s...
by Independent George
Wed Jun 10, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13084

Re: You have a second chance to reduce your stock holdIng

Thus far, 2020 has been textbook from the infamous Index Card insofar as the "every 5 years or so markets decline 30%+"... https://live.staticflickr.com/4715/39458149664_ff4d34d87e_o.jpg https://www.marketwatch.com/story/panicked-about-a-stock-market-crash-what-you-need-to-remember-can-fi...
by Independent George
Tue Jun 09, 2020 10:10 pm
Forum: Personal Consumer Issues
Topic: New iPhone now or wait for 12 and backup question
Replies: 26
Views: 1654

Re: New iPhone now or wait for 12 and backup question

Thanks all. Good to know about not having to worry about the backup being overwritten. My 7 is irreparable and not working but the crack on the 6 isn't super bad and the phone is still functional. I was able to transfer enough stuff over where I think it'll be fine for just a few months (still need...
by Independent George
Tue Jun 09, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: New iPhone now or wait for 12 and backup question
Replies: 26
Views: 1654

Re: New iPhone now or wait for 12 and backup question

I was planning to get an iPhone 12 but smashed my 7 today. I have an old 6 plus I can use for the time being but it has a cracked screen, is slow, and I can't get my iOS 13 backup on it. I don't need much for a phone, but would like a 5-6" screen, face recognition, a good camera and it must be...
by Independent George
Tue Jun 09, 2020 6:05 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10313

Re: Tips to stick to a weight loss diet?

One more link regarding weight loss and health: Why We Get Slow Metabolisms & Should You Reverse Diet? Science Discussion ft. Dr. Eric Trexler They don't make any specific recommendations (which was not the point of the conversation), but they do discuss the science of weight loss and metabolism...
by Independent George
Tue Jun 09, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10313

Re: Tips to stick to a weight loss diet?

Protein powders are just a food, no real magic to them. Whey is just a milk product. If you want to go that route, just avoid the ones loaded up with a bunch of sugar or flavoring agents. Body builders tend to like it over eating meat/eggs/or other protein dense food because it requires little prep...
by Independent George
Tue Jun 09, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 183
Views: 10313

Re: Tips to stick to a weight loss diet?

I have some general advice - don't concentrate on diet with weight loss in mind, but focus on making long-term changes to your nutrition and lifestyle as a whole. It's not just a matter of semantics - the reason so many people gain back weight from a diet is because people almost always think about ...
by Independent George
Tue Jun 09, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 13084

Re: You have a second chance to reduce your stock holdIng

I have no intention of changing my stock holdings, but I am thinking about increasing my cash position to weather a job loss. I currently have a six month emergency fund (which can be stretched to 10 months with some modest adjustments), but I'm starting to think I need to bump it up to 12-18 months...
by Independent George
Tue Jun 09, 2020 11:54 am
Forum: Personal Investments
Topic: Investing Dads Money. 78 and pension rich
Replies: 9
Views: 1515

Re: Investing Dads Money. 78 and pension rich

I would say he doesn't actually need to do anything. All of his expenses are met by his pension/SS income and he has plenty of reserve capital in case of emergency; I actually don't even care about what is in his Merril Lynch account or what the expense ratio is. If he's already choosing not to spen...
by Independent George
Tue Jun 09, 2020 11:18 am
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21919

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I just skimmed many of the answers and I didn't see any from the person who poised the question on what they decided to do. Maybe he/she hasn't decided yet in which case a great buying opportunity was missed. I should talk. I am sitting on about 2 million more in cash than I would like. Not because...
by Independent George
Tue Jun 09, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2061
Views: 496330

Re: Share your net worth progression

Is flaunting net worth in vogue, especially in these times? Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds. I don't see how it has anything to do with 'these times'. There's always something going o...
by Independent George
Tue Jun 09, 2020 10:03 am
Forum: Investing - Theory, News & General
Topic: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck
Replies: 51
Views: 5785

Re: Going 100/0 to 52/48 Today (06/08/20) - Wish Me Luck

Good luck with the MARKET TIMING! This doesn't seem like market timing, though - it sounds like he's just de-risking after attaining his financial goals. He's basically consolidated his gains at 52/48, with new money going into 100% stocks because the volatility really doesn't matter anymore given ...
by Independent George
Tue Jun 09, 2020 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2061
Views: 496330

Re: Share your net worth progression

Stupidly, I didn't keep records prior to 2012, so I'm making rough estimates based on incomplete data from Mint. I didn't do any tracking at all before 2007 (age 30), so I can't even guess at those numbers. Just as with my weight loss, I really wish I kept better records from my 'before' period. 200...
by Independent George
Mon Jun 08, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

NBER: US economy officially in recession. I thought that nisiprius said that they didn't make such announcements until after the recession was over. But there's no way that that's the case right now. But of course, the recession has been a foregone conclusion for months now. Recession means two con...
by Independent George
Mon Jun 08, 2020 3:50 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21919

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I just skimmed many of the answers and I didn't see any from the person who poised the question on what they decided to do. Maybe he/she hasn't decided yet in which case a great buying opportunity was missed. I should talk. I am sitting on about 2 million more in cash than I would like. Not because...
by Independent George
Fri Jun 05, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 519
Views: 48154

Re: The Calm Post - Stay the course thread.

The flip side to this thread is reminding people that there may still be stormy days ahead, and it's best not to get lost in the euphoria of the moment. If you rebalanced on the way down, don't forget to rebalance on the way up, no matter how tempting it is to ride the rally all the way to the "...
by Independent George
Wed Jun 03, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

Blue456 wrote: Wed Jun 03, 2020 4:01 pm More interestingly Total World Stock (VT) is beating VTI today. I am tempted to start a threat International Stocks are starting to soar!
It's going to have to do a lot of soaring to make up for the last decade. I'm holding steady at 40% international, but it's been painful.
by Independent George
Tue May 26, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

Thanks, I held on through the March and April [expletive deleted by moderator oldcomputerguy] (actually purchased some more equities near the bottom) but rather sold on the way up about a week or two ago. Thought S&P @ 2950 was too good to be true when it hit last week to derisk but it appears ...
by Independent George
Tue May 26, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

Man, this is one of those times when I'm glad all of my investments are automatic. I thought the March drop was crazy (the world was not ending), and I think this rally is even crazier (lots of folks are still out of work, and businesses are in debt to their eyeballs). Fortunately, I'm still 10-20 y...
by Independent George
Wed May 20, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

This market feels very irrational right now. What I'm trying to wrap my head around is where to deploy new capital. Bonds look expensive with yields so low. Stock valuations are reaching for their highs before the March crash. I'm thinking about deploying new cash to pay my mortgage down faster. An...
by Independent George
Wed May 20, 2020 8:45 am
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4610

Re: At 30, what are some key financial milestones I should have hit?

It's different for everybody, and not just in terms of income. Are you married? Do you have children? What's your cost of living? Are you a doctor whose residency just ended? You can't expect a one-size-fits-all timeline for all situations. Don't measure yourself against someone else's idea of progr...
by Independent George
Fri May 15, 2020 12:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard Mutual Fund Platform EOL
Replies: 245
Views: 9068

Re: Vanguard Mutual Fund Platform EOL

.... and for the people who work in certain companies that must have their BROKERAGE activity monitored (mutual fund accounts don't usually need that level of monitoring).... Hard luck and take a capital gain because Vanguard flips to brokerage accounts? Does Vanguard pay the tax? It's easy to thro...
by Independent George
Tue May 12, 2020 9:11 pm
Forum: Investing - Theory, News & General
Topic: Penalty-free withdrawals from 401(k)s
Replies: 39
Views: 3748

Re: Penalty-free withdrawals from 401(k)s

SpartanFan wrote: Wed Apr 01, 2020 7:43 am Penalty free but still must pay taxes on the dist. :(
Drat. I was actually just about to ask - if it wasn't taxed, it could actually make sense to withdraw the 100k and immediately park it into FZROX until retirement, and then get taxed at cap gains rates instead of income tax rates.
by Independent George
Fri May 08, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8943

Re: Percentage of savings to "prepping"?

It's funny, but what people call "prepping", I call normal shopping.

It's not a matter of preparing for disruptions, but of stocking up when things are on sale. I was rather surprised to learn that most people don't already do do this.
by Independent George
Thu May 07, 2020 7:18 pm
Forum: Personal Consumer Issues
Topic: IE, Chrome or Firefox, that is the question.
Replies: 53
Views: 3309

Re: IE, Chrome or Firefox, that is the question.

Try the Brave browser.

It's based on Chrome, but it doesn't sell your data to Alphabet.
by Independent George
Wed May 06, 2020 11:01 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4705

Re: 2020 travel plans

One of my cousins is (for now) getting married in Hawaii in December. As long as the wedding is on and planes are flying, I plan on attending. My father turns 80 in August. My flight is booked, but the only way I will actually take it is if I can get tested right before the trip and confirm I am not...
by Independent George
Tue May 05, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 5093

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

Is there anything more environmentally friendly than Drano for unclogging a drain? This is a shower drain and I can see there is a buildup of old hair and soap scum in it. If you don't mind the investment, buy a kinetic water ram . It uses compressed air to send a shockwave down the pipe to clear b...
by Independent George
Tue May 05, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11654

Re: All my friends are outperforming index funds

It's also not just a question of performance, but also of risk. Within these forums, we have people who at 100% stock, others at 50/50. Over the long haul, we expect the former to outperform the latter with more volatility - and yet both have entirely acceptable portfolios based on their willingness...
by Independent George
Tue May 05, 2020 11:06 am
Forum: Personal Investments
Topic: delete
Replies: 39
Views: 7381

Re: If I put 1 million in Wellesley and lived on 35k a year how long would the money last if I took dividends and capita

Impossible to foretell in the future, as we have no idea what inflation, interest, and dividends will be going forward. I own Wellesley because I wanted a somewhat-risky place to park my capital in the medium-term, not because I want or need to live off of distributions. Total return and volatility ...
by Independent George
Tue May 05, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: What if the market is 100% passive?
Replies: 27
Views: 2156

Re: What if the market is 100% passive?

This question has been asked here many times. The consensus reply seems to be that it's not something to worry about. I'd amend that. I think it's something to worry about eventually , but not quite yet. In theory, as more and more of the market becomes passive, inefficiency should increase to the ...
by Independent George
Tue May 05, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11654

Re: All my friends are outperforming index funds

I keep trying to convince my friends about the value of low-cost index investing. For the most part they are not really financially savvy and rarely even invest at all. But what little investing they have done the past 3 months has outperformed the market. This from people who know almost nothing a...
by Independent George
Tue May 05, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10547
Views: 834893

Re: U.S. stocks continue to soar!

I'm in an odd place mentally. I'm as optimistic as ever in the medium and long term, but think we are in for more pain in the short term as the world gradually divests from its second-largest economy. I thought the March panic was overwrought, but am now finding this rally equally ridiculous. I gues...
by Independent George
Mon May 04, 2020 7:55 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 568
Views: 77084

Re: What lifestyle creep made you happier?

DarnToughSocks. They have socks high as $35. I stick with $22-$28. I'm sorry for bringing up a point from six months ago, but... I can't resist bragging. I, too, am a fan of DarnTough socks, but my last purchase was made at $16.46 each when Backcountry had them on sale 25% off, which miraculously c...
by Independent George
Fri May 01, 2020 11:27 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 297
Views: 35434

Re: What have you baked recently?

Here in Dallas I have not been able to find flour nor yeast and have been trying to get it for 4 weeks now. I am depending on muffin mixes and frozen cookie dough. Can I trade anyone toilet paper for some unbleached flour!!!!!????? If there are any bakeries open near you, try asking if you can buy ...
by Independent George
Thu Apr 30, 2020 10:25 pm
Forum: Personal Investments
Topic: pay off mortgage vs. invest in the time of covid
Replies: 19
Views: 2786

Re: pay off mortgage vs. invest in the time of covid

Based on the info you stated, I see no downside to either paying off your mortgage or continuing to invest. The important thing is you have $550k of liquid assets - that buys you a lot of freedom to move your money as you wish. If it were me, I'd pay off the mortgage. I have 15 years left on mine, a...
by Independent George
Thu Apr 30, 2020 10:18 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 297
Views: 35434

Re: What have you baked recently?

My sourdough starter is on day 10, and it looks like I'm finally ready for my first loaf. I'd been using the starter discards to make pancakes, and they've been great, but I'm really looking forward to finally make my first sourdough loaf. I've been making baguettes for the last two years, so I'm a ...
by Independent George
Thu Apr 30, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20767
Views: 2836095

Re: U.S. stocks in free fall

Stinky wrote: Thu Apr 30, 2020 6:30 pm
HomerJ wrote: Thu Apr 30, 2020 6:06 pm
The best thing about this thread to look back at the history of very smart people (and a lot of people who THINK they are smart) making predictions, and most being wrong.
Edited your comment. :happy
Hey, I resemble that.
by Independent George
Thu Apr 30, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 18150

Re: Quitting a job after two weeks: relocation expenses

That data is correct (minus the net worth, which has taken a sad haircut). The new offer is for 1.2M a year, of course 80% of it being annual performance bonus that I’ll never get because there’s no way I’ll survive here. I asked them multiple times to screen me very well, and on my explicit reques...
by Independent George
Thu Apr 30, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 13289

Re: What explains the continued rise in equities?

I guess we'll see. I don't share your conviction the recent lows will be 'absolutely obliterated'. I do believe a vaccine is either in the making or will be soon - within 12 months. I'm basically a 'buy and hold' person - so, in either case (acceleration or obliteration), I'll be along for the ride...
by Independent George
Thu Apr 30, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 18150

Re: Quitting a job after two weeks: relocation expenses

Was there anything on Google, Glassdoor, during the interview or something else that, in hindsight, your husband or you saw that was a red flag for this so the rest of us don't fall into this trap? In hindsight, the fact that they've been attempting to fill this position for a long time and had to ...
by Independent George
Thu Apr 30, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri: "You have to stick with that plan for the rest of your life."
Replies: 61
Views: 9252

Re: Rick Ferri: "You have to stick with that plan for the rest of your life."

Looking at international it will need to outperform US by a large amount over the next decade to make up for this underperformance. I am not convinced if that is possible. This is true - but the relevant question that Rick Ferri asks is, how will it perform if I cash out international now (followin...