Search found 625 matches

by ccieemeritus
Fri Dec 08, 2017 1:03 am
Forum: Personal Investments
Topic: Got a little carried away, now stuck...
Replies: 12
Views: 3127

Re: Got a little carried away, now stuck...

To plagiarize someone else on this forum:

“Don’t just do something. Stand there!”

Sometimes it’s hard leaving well enough alone. One way I avoid messing with my portfolios is by reading/posting on Bogleheads instead.
by ccieemeritus
Fri Dec 08, 2017 12:51 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 8403

Re: CPA: The best profession if you want to make the most money + keep the most money?

The best profession if you want to make the most money is printer at the US mint.
by ccieemeritus
Fri Dec 08, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3768

Re: Executor responsibilities

FIREchief wrote:
Fri Dec 08, 2017 12:29 am
ccieemeritus wrote:
Thu Dec 07, 2017 11:50 pm
The will and beneficiary designations are in alignment.
Why would this matter?
It doesn’t legally but it is reassuring.
by ccieemeritus
Thu Dec 07, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3768

Re: Executor responsibilities

I’m executor on my Moms estate. The money all goes to “the grandkids” (my kids and niece and nephews). The will and beneficiary designations are in alignment. I was joint on my moms checking and savings accounts. I’m using those for final expenses, probate fees, utility bills on moms house, outstand...
by ccieemeritus
Thu Dec 07, 2017 11:16 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 191
Views: 23291

Call the top! - Bitcoin

Using winkdex.com price, guess the peak bitcoin price between now and Dec 31 2018. Guesses have to be in by Dec 31 2017 or 1 day “before the peak/crash”, whichever is earlier. I’ll guess 20,432 (but only on this forum, I’m not guessing with one penny of real money). If it crashes well before The end...
by ccieemeritus
Thu Dec 07, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 7414

Re: What do Bogleheads say when they don't want to spend money?

What do I say?

“I don’t want to spend the money”
“No”
“Let them eat cake”
by ccieemeritus
Thu Dec 07, 2017 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Taxes
Replies: 18
Views: 2862

Re: Side Hustle Taxes

I am not a lawyer or tax accountant. You have to report income from the photography on your 1040. I think you could do that as “miscellaneous income” or schedule-c (business income). The advantage of schedule-c is that it lets you deduct business expenses (a new camera for example). If you lose mone...
by ccieemeritus
Thu Dec 07, 2017 2:28 am
Forum: Personal Investments
Topic: Best financial/Investing book in your opinion to read
Replies: 7
Views: 1495

Re: Best financial/Investing book in your opinion to read

“Life on paradise island” is what got me interested in economics in the 6th grade. https://sites.google.com/site/deconstructingparadiseisland/ (See bottom for epub download, book long out of print and copyright ownership is unknown so the authors son posted the ePub). I vaguely remembered the book a...
by ccieemeritus
Wed Dec 06, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: VPN and automatic logins
Replies: 3
Views: 541

Re: VPN and automatic logins

Lots of people get NATted to the same IPv4 address. So a website that used the remote IP address as some sort of authentication would be horrifically insecure. So they don’t do that any more. What they sometimes do is identify your country from your IP address and enable/disable services based on th...
by ccieemeritus
Wed Dec 06, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 8138

Re: House on the market less than a day. Did listing agent commit fraud?

In a few months the sale price will be public. Make yourself a note to go and compare the actual sale price to the original asking price and what you were thinking about paying. Not that that will make any difference to you. If fraud occurred you are not the victim, even though you are upset at not ...
by ccieemeritus
Wed Dec 06, 2017 9:54 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 28157

Re: Do people still use AAA?

Yes. I make sure my wife and kids have cards. I’ve used it for dead batteries and flat tires. My wife used it for flat tires. In Ca you can also do some DMV stuff at the AAA office. So I’ve used AAA when transferring titles. I feel like a wuss having AAA change the tire for me. But since I used to c...
by ccieemeritus
Wed Dec 06, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 14633

Re: I received a speeding ticket via mail from IA - should I pay it?

Did you travel on that highway on that date and time?

If yes, do you think you could have gone 78 in that zone?

If the answer to both questions is yes, then pay it.
by ccieemeritus
Wed Dec 06, 2017 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance or not?
Replies: 4
Views: 824

Re: Too much life insurance or not?

Assume you get hit by a bus tomorrow. How much will your wife and daughter need per year to live on? NEED What will your wife’s income be? Include any expected survivor benefits (if any) INCOME What investable assets do you have? CURRENT-ASSETS Let’s assume using 3% of your savings each year so it l...
by ccieemeritus
Tue Dec 05, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: service life of (walk behind) lawn mower?
Replies: 45
Views: 4987

Re: service life of (walk behind) lawn mower?

My electric craftsman mower is still going after 17 years. My grass area is much smaller than it used to be. I’ve never done any maintenance. I have minimal leaves in my yard.

I’d be happy to replace it, but would mostly stress about how to get rid of the old one.
by ccieemeritus
Tue Dec 05, 2017 2:38 am
Forum: Investing - Theory, News & General
Topic: The "petro," a Venezuelan oil-backed cryptocurrency
Replies: 32
Views: 2895

Re: The "petro," a Venezuelan oil-backed cryptocurrency

The United States used to issue silver certificates (as opposed to “federal reserve notes”): dollar bills that you could cash in for silver. I have one (issued in the 1930’s). The US reneged on that agreement long ago. At least if Venezuela issues money as a crypto currency, that will save their pap...
by ccieemeritus
Tue Dec 05, 2017 1:13 am
Forum: Personal Investments
Topic: should I use vanguard's 2 step verification sign in
Replies: 53
Views: 9044

Re: should I use vanguard's 2 step verification sign in

I’m trying to get to the point where all my “money accounts” have 2-factor authentication. I like getting the text message on my phone (as opposed to a physical token or smartphone app).

I have 2-factor authentication enabled for Vanguard.
by ccieemeritus
Tue Dec 05, 2017 12:54 am
Forum: Personal Consumer Issues
Topic: Week in San Diego over Christmas
Replies: 17
Views: 1474

Re: Week in San Diego over Christmas

Sea world, San Diego zoo, San Diego wildlife safari, and LEGOland (but check what’s open given the time of year).

Sadly sea world doesn’t have whale shows anymore. I think there are still dolphin and sea otter shows.

San Diego zoo, in particular, is one of the best in the world.
by ccieemeritus
Mon Dec 04, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Understanding the World of Credit Card "Points"
Replies: 60
Views: 5056

Re: Understanding the World of Credit Card "Points"

I keep it simple by ignoring the world of points. My primary card is my Costco executive Visa card, which gives me “pretty good” cash back at the end of the year without work.
by ccieemeritus
Mon Dec 04, 2017 10:56 am
Forum: Personal Consumer Issues
Topic: RV rentals
Replies: 21
Views: 2412

Re: RV rentals

At Yellowstone the park rangers say “The most dangerous thing in the park... is the rental RV”.

So consider getting insurance when you rent.

There are fleets of “Cruise America” RVs in the park.
by ccieemeritus
Mon Dec 04, 2017 1:30 am
Forum: Investing - Theory, News & General
Topic: how can an index fund outperform its index??
Replies: 6
Views: 1449

Re: how can an index fund outperform its index??

Could the difference be dividends? That would be about 1.5%.
by ccieemeritus
Mon Dec 04, 2017 12:15 am
Forum: Personal Consumer Issues
Topic: Auto Insurance -Drop Full Coverage?
Replies: 13
Views: 2058

Re: Auto Insurance -Drop Full Coverage?

I’ve dropped collision and comprehensive on my older cars (where replacing them would not be a financial hardship) but keep it on my wife’s newer Lexus.

Your liability price seems low. I suggest you check your liability coverage amount and make sure it’s well above minimum.
by ccieemeritus
Sun Dec 03, 2017 7:05 pm
Forum: Personal Consumer Issues
Topic: 208 Volt 3 phase
Replies: 13
Views: 1809

Re: 208 Volt 3 phase

I am an IT guy, not an electrician. But I have some useful hands on. I’ve dealt with NEMA L21-30 connectors before. That’s a 208V 3-phase 30amp circuit. I had a special cable which split it into 3 separate 110V circuits/plugs. I avoided going above 15 amps on each of those 3 circuits and don’t know ...
by ccieemeritus
Sun Dec 03, 2017 3:34 am
Forum: Personal Consumer Issues
Topic: Samsung Pay, does it work all the time?
Replies: 11
Views: 931

Re: Samsung Pay, does it work all the time?

I have a speck case for my iPhoneSE which holds 3 cards:

Costco Visa card
Drivers license
YMCA card

In theory i can get away without a wallet.

In practice I carry the wallet. I like to pay cash for small purchases.
by ccieemeritus
Sun Dec 03, 2017 3:17 am
Forum: Personal Finance (Not Investing)
Topic: Gifted a significant sum - taxes?
Replies: 5
Views: 1295

Re: Gifted a significant sum - taxes?

You don’t have tax implications, but it’s nice to understand and minimize his tax implications if you haven’t cashed the check yet. In 2017, heres what can happen without tax implications: (this assumes cash gift) he can give you $14k He can give your wife $14k If he is married, his wife can give yo...
by ccieemeritus
Sat Dec 02, 2017 4:44 pm
Forum: Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 10536

Re: Want to sell my Bitcoin, but when?

In the OPs situation I would sell it all now. Of course I never would have bought it in the first place.

As Jack Aubrey says, “There is not a moment to lose!”
by ccieemeritus
Sat Dec 02, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing state tax payment & deduction in 2017
Replies: 13
Views: 2317

Re: Maximizing state tax payment & deduction in 2017

I’ve previously overpaid state taxes for a year that I itemized and gotten a refund from the state during the next calendar year. This was a small amount (hundreds). Turbo tax for the following year does not handle that case well. It gives you a choice: treat the whole refund as income, or go back a...
by ccieemeritus
Sat Dec 02, 2017 2:17 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2017!
Replies: 325
Views: 70353

Re: Roll Call for the Retirement Class of 2017!

I early-retired in mid-June. I worked as an IT guy for 25 years. Was on-call for 22 of those years. I remember getting paged out of The Tigger Movie (with my young daughter) because a hacker DDOS-attacked my employers website. I don’t like hackers! I missed my sons birthdays 2013-2016 due to travel....
by ccieemeritus
Sat Dec 02, 2017 1:27 am
Forum: Personal Consumer Issues
Topic: How to track purchase/warranty information?
Replies: 9
Views: 834

Re: How to track purchase/warranty information?

Unless the purchase adds to the cost basis of my house, I only keep the receipts long enough to know that the product doesn’t need to be immediately returned. I doubt I could find the receipt for the tv I bought 2 months ago. For home cost basis stuff I have a file. I have a file labeled “manuals” i...
by ccieemeritus
Sat Dec 02, 2017 1:13 am
Forum: Personal Finance (Not Investing)
Topic: How my FIL saved for college
Replies: 13
Views: 1981

Re: How my FIL saved for college

If your FIL owned a 30-year bond paying 10%, and then the interest rate on newly issued similar bonds dropped to 5% (say in 1983), the value of his bond if he sold it immediately would rise. Or he could hold onto it and get paid better interest than his neighbors.
by ccieemeritus
Sat Dec 02, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: PSA: consider pre-paying your property taxes and January mortgage payment
Replies: 25
Views: 4108

Re: PSA: consider pre-paying your property taxes and January mortgage payment

In my locality the property tax bill for Feb 2018 is already in hand and payable.

While discussions of proposed legislation are OT, this year may be a good year to be ready to prepay on short notice.
by ccieemeritus
Sat Dec 02, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 26443

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Definition of Ponzi from dictionary.com:
a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks.
by ccieemeritus
Sat Dec 02, 2017 12:10 am
Forum: Personal Finance (Not Investing)
Topic: How my FIL saved for college
Replies: 13
Views: 1981

Re: How my FIL saved for college

Inflation and interest rates were very high in the 70’s. “Interest rates high” sounds good for savers but borrowing money to buy houses was horrific. Of course people who already had debt could pay it back with the inflated (less valuable) currency. The “stagflation” (high unemployment and high infl...
by ccieemeritus
Fri Dec 01, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advice Needed
Replies: 16
Views: 1483

Re: Financial Advice Needed

Just deposit the money in one shot. It’s your money. It’s legal. So it gets reported. Big deal. The government gets tons of reports. They might spot a pattern. If they had another reason to look at you they might pull up old reports. As one other mentioned, deliberately breaking it into 3 batches to...
by ccieemeritus
Fri Dec 01, 2017 12:54 am
Forum: Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 139
Views: 16239

Re: Didn't buy Bitcoin at $4600

I'm happy to sell anyone in this thread alfaspider coins (tm) for a low ICO price of $100*. *Alfaspider reserves the right to issue alfaspider coins in the form of slips of paper instead of going through the work of developing a blockchain. Moderators: please change the title of this thread to "Did...
by ccieemeritus
Fri Dec 01, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 63
Views: 9808

Re: Who are heirs? No will.

Ragnoth wrote:
Fri Dec 01, 2017 12:48 am
Original post states that the decedent lived in Indiana.
Missed that. Thank you.
by ccieemeritus
Fri Dec 01, 2017 12:36 am
Forum: Personal Consumer Issues
Topic: Amazon Prime customers can now give Amazon access to their home
Replies: 53
Views: 6250

Re: Amazon Prime customers can now give Amazon access to their home

My niece lives in an area where packages are commonly stolen from doorsteps. Amazon now has multiple solutions: 1) "Amazon lockers" at the local grocery store 2) Giving Amazon access to the home with this system What is more likely? You'll have stuff stolen off your doorstep? Or giving Amazon access...
by ccieemeritus
Fri Dec 01, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 63
Views: 9808

Re: Who are heirs? No will.

I have not seen the OP come back and identify the state. I think we need that.
by ccieemeritus
Fri Dec 01, 2017 12:14 am
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 68
Views: 7603

Re: 2018 Goals - Financial or Otherwise

1) Lose weight and exercise more
2) Sell off some of my 1 remaining individual stock
3) Build up more cash, possibly for buying a bigger house (DW really wants a bigger house)
by ccieemeritus
Fri Dec 01, 2017 12:06 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 16039

Re: Price of haircut?

Wife cuts my hair. I've paid for 2 haircuts in the last 23 years.
by ccieemeritus
Thu Nov 30, 2017 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 63
Views: 9808

Re: Who are heirs? No will.

I am not a lawyer. But I read some books on this recently. Heirs are by state law. In effect if you don't have a will your state has a "default will" for you. What state? Note that bank, investment, and retirement accounts may go according to how Robert filled out his "beneficiary" forms and complet...
by ccieemeritus
Thu Nov 30, 2017 2:55 am
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 12009

Re: Which crash have you seen it before it is coming?

I predicted the dot com crash in 1998, 1999, 2000, and 2001. Eventually I was right. I was heavily invested and took a hit. But I had enough cash for a down payment and bought a silicon valley house in August 2001. I did not predict the 2008 crash, but we held our shares through it (proved our risk ...
by ccieemeritus
Thu Nov 30, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 4170

Re: What can we learn from BitCoin’s surge?

I've decided not to call anyone a "Bitcoin millionaire" until they actually cash out enough bitcoin to get a million in US dollars. Because there are no underlying earnings, every bitcoin millionaire will be mirrored by a million dollars worth of lost money from someone else. EDIT/ADD: Consider a no...
by ccieemeritus
Wed Nov 29, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Mac OS Tags for files? How do you use them?
Replies: 4
Views: 707

Re: Mac OS Tags for files? How do you use them?

A work project had a distribution of about 1000 numbered architectural files. I needed to keep all the files but only about 30 were relevant to me. Whenever I found one relevant to me I’d tag it.

I rarely used the tag feature but on that project it helped.
by ccieemeritus
Wed Nov 29, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 12904

Re: Why should I donate to my alma mater?

My wife did a postdoc at (but did not get a degree from) Stanford. They mail us for money quarterly. They call us occasionally. They refer to my wife as an alumni in the letters and on the calls. Whenever they call I say “if you send us a copy of my wife’s diploma, I will gladly send you a donation.”
by ccieemeritus
Wed Nov 29, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Investing for an elderly parent
Replies: 11
Views: 1403

Re: Investing for an elderly parent

I had my mom in 50% stock index funds and 50% cash/savings/CDs. The cash/savings/CDs were enough to handle assisted living expenses for quite some time. My goal was to have enough in a safe investment to avoid having to forcibly sell the stock during a downturn. The more money you have the higher pe...
by ccieemeritus
Wed Nov 29, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: Is It Possible To Be Your Own ISP?
Replies: 7
Views: 1336

Re: Is It Possible To Be Your Own ISP?

Even ISPs have or connect to ISPs. The internet is just a bunch of networks connected together. Even the tier-1 ISPs connect to each other. So no matter what you do you will need an ISP connection. What you could do is pay for a high capacity connection and then install infrastructure in your buildi...
by ccieemeritus
Wed Nov 29, 2017 1:52 am
Forum: Investing - Theory, News & General
Topic: Tracking the Bitcoin Bubble in Real Time?
Replies: 70
Views: 7086

Re: Tracking the Bitcoin Bubble in Real Time?

Why don't the bitcoin bubble-predicting people short bitcoin? Is this just a logistical issue? So perhaps they've studied bitcoin enough to publicly advocate a position, but they don't know the mechanics of shorting it? I think Amazon, Tesla, and bitcoin are overvalued. In fact bitcoin is so overva...
by ccieemeritus
Tue Nov 28, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: Headphones for iPhone
Replies: 10
Views: 1495

Re: Headphones for iPhone

I love my AirPods. Biked 40 miles without them falling out. My wife jogs without them falling out. No more cord tangling.

Expensive.

Whether they fit your ears is for you to test.

Disclosure: I have a conflict of interest re: AAPL so my endorsement is not neutral.
by ccieemeritus
Tue Nov 28, 2017 9:46 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 41722

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

I was surprised to see on winkdex.com that the bitcoin volume for the last 24 hours was 65k BTC, or about $640M in current value. That’s about 0.4% of the $167B “market cap”.

At some point the people with substantial BTC will unload it. The question is who unloads how much before it falls apart.
by ccieemeritus
Tue Nov 28, 2017 9:21 pm
Forum: Personal Investments
Topic: Help with 401K Investments
Replies: 5
Views: 700

Re: Help with 401K Investments

Vanguard 500 index admiral is a winner for your stock allocation. I’m glad it’s already your largest holding. I’m one of those 90%+ stock guys so I’d just sign up for that. But my risk tolerance is not your risk tolerance. I’ve found target date funds to be too conservative. By the time 2030 comes a...