Search found 1049 matches

by Wakefield1
Tue Jul 16, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9401
Views: 752270

Re: U.S. stocks continue to soar!

I am afraid that the interest rate lowering champagne will leave a bad hangover. (I think the Fed is making a mistake and adding,not subtracting,risk by lowering interest rates at the present time.) Trying to bring back Mr. Greenspan's punch bowl? Can't decide whether to raise or lower the rates? Le...
by Wakefield1
Thu Jul 11, 2019 5:19 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 4094

Re: Avoid MD-88s [commercial aircraft]?

MD 80 series and the previous DC 9s are hard to kill according to what I hear
Didn't a bunch of MD 80 type aircraft get put back into service (maybe reengined) from being parked in the desert when some other newer planes were taken out of service?
by Wakefield1
Mon Jul 08, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any place you can buy a house for 50k west of Kansas?
Replies: 27
Views: 4189

Re: Is there any place you can buy a house for 50k west of Kansas?

Not that long ago, I think there were a few small houses around/in Huntington WV for not much more than that. Perhaps needing a bit of work to be ready for move-in.
by Wakefield1
Mon Jul 08, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32404

Re: Americans believe they need $1.7 million, on average, to retire

NotWhoYouThink wrote: Mon Jul 08, 2019 10:26 am $1.7M per individual or per couple? Includes home value? With or without pension?
Yes and also are we talking 65+ (Medicare eligible) or earlier and having to worry about other health insurance?
by Wakefield1
Sun Jul 07, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 6130

Re: Elderly grandparents moving in with parents; what should they plan for?

Also speak with whoever becomes their primary care physician, who may also have suggestions/referrals... Good luck to all of you! RM Yes,a sympathetic Doctor is a great help in these kind of things,possibly even someone who could occasionally come out to visit and/or show the caretaker how to do a ...
by Wakefield1
Sat Jul 06, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Union paid out on a stopped check from 2017
Replies: 32
Views: 2267

Re: Credit Union paid out on a stopped check from 2017

I am in this business - and it is correct that a stopped payment is only good for six months. That is absolutely remarkable! Kind of like a recurring charge for a magazine subscription...even if you cancel the credit card.....charge goes to the new card. How can this happen? (I think I know how). :...
by Wakefield1
Wed Jul 03, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Lengthy notices from all our credit cards?
Replies: 16
Views: 2085

Re: Lengthy notices from all our credit cards?

UpperNwGuy wrote: Wed Jul 03, 2019 5:25 pm I never read the notices.
I must confess that I might throw some of them out!
by Wakefield1
Wed Jul 03, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lengthy notices from all our credit cards?
Replies: 16
Views: 2085

Re: Lengthy notices from all our credit cards?

I think Bank of America is raising their late fees,new papers don't reference what the previous paper said. So I would have to drag out the old paper to see what's different on the new one.
by Wakefield1
Wed Jul 03, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: Parents got ripped off, what can I do about it?
Replies: 75
Views: 7411

Re: Parents got ripped off, what can I do about it?

If they installed an inferior or substandard unit perhaps the plumber should be asked to exchange it and install one at least as good as the old one that failed
by Wakefield1
Wed Jul 03, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 7107

Re: Adult son has not controlled credit card overuse!

Tell him not to take the credit card out of its storage place unless he definitely intends to make a purchase with it (don't carry it around unless it is known beforehand that it is needed)
pay it from a bank account link/deduction within a day or two after using it
by Wakefield1
Wed Jul 03, 2019 12:13 pm
Forum: Personal Investments
Topic: So, I have a quarter of a million dollar CD coming due.
Replies: 27
Views: 5052

Re: So, I have a quarter of a million dollar CD coming due.

Buy a string of smaller CDs in different time terms so as to have some small flexibility for reacting in the future to now unknowable interest rates?

250K up against the NCUA/FDIC max insurance limits?
by Wakefield1
Wed Jun 26, 2019 7:29 pm
Forum: Personal Consumer Issues
Topic: Fuel type for 2 month car storage
Replies: 36
Views: 2504

Re: Fuel type for 2 month car storage

I would not add "gas dryer" or "gas antifreeze" until taking the car out of storage,otherwise the gas dryer is just increasing the tendency for the gasoline to attract moisture I would consider adding a small amount of "Stabil Marine" don't use more than the recommended amount ,if adding it,put it i...
by Wakefield1
Tue Jun 25, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Clearing undergrowth and bush
Replies: 37
Views: 2915

Re: Clearing undergrowth and bush

Thanks for all the suggestions. To clarify, the area to be cleared isn't that much 0.5 acre at most, and possibly much less -- I might just end up clearing brush that is intruding on lawn, and cutting a few trails through the brush in a wooded area. A brush mower (either one I push or one I sit on)...
by Wakefield1
Mon Jun 24, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Parent's Home Below Market
Replies: 47
Views: 4996

Re: Buying Parent's Home Below Market

I believe the mother has the right to divide up whatever inheritance she leaves to her children however she wants to,I don't think there is any obligation for her to leave equal portions. It is possible that she is favoring/rewarding a child who did more for her (care and/or some financial support) ...
by Wakefield1
Mon Jun 24, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Thank you, Honda - repair story
Replies: 17
Views: 2567

Re: Thank you, Honda - repair story

mortfree wrote: Mon Jun 24, 2019 2:24 pm Interesting outcome.

Wonder if this Civic model & year was impacted by the infamous gas:oil dilution issue discussed in depth on this site?
Probably not if it doesn't have a turbo.
by Wakefield1
Mon Jun 24, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Clearing undergrowth and bush
Replies: 37
Views: 2915

Re: Clearing undergrowth and bush

Mowing scythe is the old fashioned tool-if sharp and you have the correct technique of pulling around with it while moving it over the target works quite efficiently-but it is quite dangerous especially when being sharpened Weedwackers and small string trimmers might be too puny-the grown up tool is...
by Wakefield1
Sun Jun 23, 2019 8:52 pm
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 6119

Re: Reinvesting Dividends or no

Looks like 590A and 590B can be read online at the IRS website (IRA contributions and distributions)
by Wakefield1
Sun Jun 23, 2019 7:54 pm
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 6119

Re: Reinvesting Dividends or no

Best to think of tax deferred accounts as different ,don't get them mixed up with taxable accounts. Best of all,in my opinion,the Roth IRA with its lack of required distributions to the original owner. With regular tax-deferred accounts ,unless there is "basis" as reported and figured on Form 8606 y...
by Wakefield1
Sun Jun 23, 2019 6:35 pm
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 6119

Re: Reinvesting Dividends or no

I believe that if you have a substantial amount of a Vanguard fund,and have had some $ in that fund for 5 or 10 years,and you are having automatic reinvestment of distributions and dividends (in a taxable account),if you sell a portion of your holding in the fund (say you need the cash for a car or ...
by Wakefield1
Sat Jun 22, 2019 6:09 pm
Forum: Personal Investments
Topic: Why are my Vanguard returns suddenly so low?
Replies: 40
Views: 6703

Re: Why are my Vanguard returns suddenly so low?

If you had a certain amount in the accounts showing a certain return,and suddenly added a large amount to it,say doubling the total in the account,the return shown would probably be cut in half because of the dilution,at least until the additional amount had time to fluctuate.
by Wakefield1
Wed Jun 19, 2019 7:19 pm
Forum: Personal Investments
Topic: What are you suppose to do with money earned from dividends?
Replies: 10
Views: 1923

Re: What are you suppose to do with money earned from dividends?

You can also have the dividends reinvested automatically back into VTSAX. While logged into your Roth hover over VTSAX and click on it, bottom of page you should see dividends capital gains etc. Edit to turn on or off. It is simple to manage the traditional mutual fund account,the controls for mana...
by Wakefield1
Tue Jun 18, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone reassure me - late mortgage payment through no fault of my own
Replies: 9
Views: 1233

Re: Can someone reassure me - late mortgage payment through no fault of my own

I think it would be a good idea to go see someone in person at the bank.
by Wakefield1
Tue Jun 18, 2019 12:47 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 382
Views: 49035

Re: How Bad was 2008, really?

I believe,on the other side of certain things,some people who helped bring us 2008 made out like bandits
and they or their successors would do it all over again if they could! :twisted:
Remember the quote about such that those who forget the past,will repeat it.
by Wakefield1
Mon Jun 17, 2019 1:19 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 382
Views: 49035

Re: How Bad was 2008, really?

Perhaps we are in the first stages of forgetting about the easy money for chasing and pushing real estate prices higher,which played a big part in the run up for 2008,I see there is a Credit Union advertisement for a mortgage with no money down. Lots of house purchases for much less than 20% down,bu...
by Wakefield1
Sun Jun 16, 2019 3:45 pm
Forum: Personal Investments
Topic: Reorganizing taxable account for home down payment
Replies: 11
Views: 1316

Re: Reorganizing taxable account for home down payment

It will be interesting to see some informed responses to this question. I suppose that with the 3+ year time horizon,simple money market funds and credit union "no penalty" CDs are too conservative? Short or mid bond funds? As the time frame is less than 7 years (to when the money is needed) should ...
by Wakefield1
Thu Jun 13, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 11353

Re: The Case Against ETFs

What happened to the name "vipers"? Was that Mr. Bogle's name for ETFs?
by Wakefield1
Thu Jun 13, 2019 5:28 pm
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3740

Re: Social Security Retirement Age

I think you can tell from the verbiage on the statement whether they think you are continuing to work during the time before starting the benefit once you have stopped working the statements to come should begin to say "$0." for the expected annual earnings in the future Look for "expected future an...
by Wakefield1
Fri Jun 07, 2019 9:49 pm
Forum: Investing - Theory, News & General
Topic: Are market downturns & crashes really driven by fear?
Replies: 23
Views: 2034

Re: Are market downturns & crashes really driven by fear?

If I am correct it doesn't require much selling or increase in selling to send the markets down,all it takes is for buying to dry up some. And current prices are driven by current buying vs. selling,cumulative flows of money that have occurred previously into/out of the markets have little effect on...
by Wakefield1
Fri Jun 07, 2019 8:13 pm
Forum: Personal Investments
Topic: Parents' Investment plan--ages 75, both with illness, contemplating retirement home
Replies: 13
Views: 2187

Re: Parents' Investment plan--ages 75, both with illness, contemplating retirement home

Dad is wanting to move ~$200,000 out of the Total Stock. He talked to an investor who is recommending something that sounds like an annuity -What questions can I ask about the financial advisor's recommended investment to give clarity to my parents? Many thanks! As others have said be very skeptica...
by Wakefield1
Thu Jun 06, 2019 7:33 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 8976

Re: What flagship (even used) item is better than a budget new item?

I find funny that most car examples are completely opposed to the title. I mean come on, what is lower than hondas and toyotas? In the Japanese market Toyota does produce what most anyone would consider a flagship car - the Century. I don't consider an 85k Landcruiser low end either.:) Toyota/Honda...
by Wakefield1
Mon Jun 03, 2019 10:02 pm
Forum: Personal Consumer Issues
Topic: New refrigerator noise is driving us nuts
Replies: 32
Views: 2793

Re: New refrigerator noise is driving us nuts

Is there a shipping bolt securing the compressor that was supposed to have been removed when the refrigerator was set in place but wasn't? (Compressor may be suspended on springs,shipping bolt prevents damage to springs from compressor bouncing around when unit is moved or turned on its side levelin...
by Wakefield1
Sat May 25, 2019 5:16 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8500

Re: Rethinking Individual Stocks

At the present time,if you buy mutual fund shares from such as Vanguard or T. Rowe Price,does the fund company make it easier for you to keep track of the "basis" (as defined by IRS) than if you buy individual stock shares? BGG not looking so good around the gills? In more ways than just the stock p...
by Wakefield1
Sun May 19, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3897

Re: Synthetic oil or not for very low mileage auto?

Synthetic oil (or higher quality conventional oil labeled as synthetic) is said to offer more protection from deposits of varnish like matter on interior engine surfaces,which could be a plus for engines with extremely small passages for metering oil pressure to hydraulic limited angle motors used t...
by Wakefield1
Sun May 19, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3897

Re: Synthetic oil or not for very low mileage auto?

I'll be the voice of dissent. Stick with conventional. Old seals shrink. I presume this is due to age, not mileage. We're not talking tires here. In my experience, putting synthetic in old vehicles causes leaks. Not a big deal, if you don't care about your garage floor. If you do, stick with conven...
by Wakefield1
Fri May 17, 2019 1:37 pm
Forum: Personal Investments
Topic: Delete
Replies: 18
Views: 3903

Re: 30 years old, What should I do with all this cash?

If the O.P. is going to put the cash into a taxable account (not retirement tax-deferred or Roth) should he consider using a Federal tax-exempt bond fund?
by Wakefield1
Thu May 09, 2019 10:20 pm
Forum: Personal Consumer Issues
Topic: Tired of a reel mower
Replies: 42
Views: 4307

Re: Tired of a reel mower

No one makes a powered reel mower anymore? Those used to be the elite. All were self propelled as far as I know.
by Wakefield1
Thu May 09, 2019 10:13 pm
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 42
Views: 3761

Re: Good town to stop on I-81

rgs92 wrote: Thu May 09, 2019 11:27 am Is there a lot of traffic (or heavy truck traffic) along this route (vs. I-95, say)? Thank you.
The trucks run all night!
But they usually keep going right along except when they pull into or out of the stops.
State Police used to lurk during the 55 MPH era.
by Wakefield1
Thu May 09, 2019 8:25 pm
Forum: Personal Investments
Topic: Turning 65 (And I really think I'd like to retire some day)
Replies: 14
Views: 2566

Re: Turning 65 (And I really think I'd like to retire some day)

Running the numbers suggests that in one year, I might have the bare minimum needed to retire, though the thought of having only the "bare minimum" ...I don't find that exactly comforting. I suppose that means work more years... trim the budget some if possible... it's an internal wrestle now with ...
by Wakefield1
Thu May 09, 2019 7:50 pm
Forum: Personal Investments
Topic: Dividends are reinvested but I end up paying taxes out of pocket at tax time.
Replies: 12
Views: 2100

Re: Dividends are reinvested but I end up paying taxes out of pocket at tax time.

Yes,so much extra tax withholding to cover the dividend tax liability that not so much pension is left over monthly. :-( I suppose you could have tax withheld from the dividend payment itself depending on the brokerage or account(containing whatever security or money market) producing the dividend,b...
by Wakefield1
Thu May 09, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 27561

Re: Crypto bulls are back. Are you getting in?

Yet another major theft of bitcoin. https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin?srnd=premium And bitcoin is supposed to be a great store of wealth. the analogy here is that this is like a bank robbery where customer accounts are n...
by Wakefield1
Tue May 07, 2019 2:34 pm
Forum: Personal Investments
Topic: Voya financial - Why would anyone use them?
Replies: 40
Views: 5952

Re: Voya financial - WHY WOULD ANYONE USE THEM?

Voya, formerly part of ING, correct? The 'orange money' thing is so confusing, I don't understand what it means and the commercials are strange (and not even funny) My past experience w/ Voya was many of the funds offered (workplace plan) had no ticker symbols so you couldn't look up information on...
by Wakefield1
Sun May 05, 2019 11:06 pm
Forum: Personal Investments
Topic: Vanguard, Fidelity and cybercriminals
Replies: 13
Views: 2693

Re: Vanguard, Fidelity and cybercriminals

I would suspect that Vanguard has some internal computer systems that are not exposed to the public Internet. And not running Windows. Although if a criminal got physical access to one of these or the interior network they communicate on they could do havoc including planting crimeware. wonder what ...
by Wakefield1
Sat May 04, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 9013

Re: Wouldn't this make Traditional IRA far superior to Roth?

Roth is far better than non Roth as far as I am concerned. Wish Roth had been offered earlier during my working life.
Top tax brackets tend to be higher not lower during retirement. If you have saved a lot.
Roth and common IRAs only allowed $2000. contribution per year for a long time.
by Wakefield1
Fri May 03, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: Estimating the rate of return on Social Security
Replies: 34
Views: 3095

Re: Estimating the rate of return on Social Security

40 years ago, $50,000 per year was very good money to be making. :D
by Wakefield1
Tue Apr 30, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 43290

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I just hope that the poor Venezuelans don't end up on the wrong side of the Bitcoin whipsaw (losing their investment having bought Bitcoins) to others selling their earlier bought Bitcoins for a profit.
by Wakefield1
Tue Apr 30, 2019 1:11 am
Forum: Personal Investments
Topic: Dividends: do you like cash or reinvestment?
Replies: 19
Views: 2211

Re: Dividends: do you like cash or reinvestment?

Here's the question: given these circumstances, would you continue to reinvest in a position like this or start taking the dividends in cash, especially given that they only "cost" 15% in tax? You will pay tax on the dividends whether you re-invest the money or use it for any other purpose. If I ha...
by Wakefield1
Sat Apr 27, 2019 1:31 pm
Forum: Personal Investments
Topic: Money Missing from my Vanguard account?
Replies: 46
Views: 9223

Re: Money Missing from my Vanguard account?

My Balances and Holdings and Summary are usually different for several hours (about three) in the evening. Also there is always money “missing” from my Portfolio Watch until the next day. Check in the morning. I think their website updates different securities and different parts of their website a...
by Wakefield1
Fri Apr 26, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Received money from Wells Fargo.
Replies: 33
Views: 3745

Re: Received money from Wells Fargo.

They need to raise their interest rates if they want to show that their customers are appreciated and that they are turning over a new leaf. In other words treat the customer right or allow a "holiday" of forgiving the penalties on removing deposits before the 'grace period" that are getting minuscu...