Search found 1280 matches

by pjstack
Fri Nov 22, 2013 5:11 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on investment policy statements
Replies: 21
Views: 2477

Re: NY Times article on investment policy statements

Actually, (in my opinion) "Stop worrying and be happy" is very good and useful advice. And so is "Stay the course", assuming you have planned a course using an IPS (or facsimile).
by pjstack
Mon Nov 11, 2013 3:46 pm
Forum: Personal Investments
Topic: Dan Wiener Independent Advisor for Vanguard Investors
Replies: 45
Views: 17315

Re: Dan Wiener Independent Advisor for Vanguard Investors

BogleBabe101211 wrote:Thank you for your feedback. After reading some of the posts I feel a bit sheepish that I only have 15K to invest. I look forward to learning more from all of you. :happy
Don't feel sheepish. 15K isn't chicken feed. More power to you!
by pjstack
Sun Nov 10, 2013 10:26 pm
Forum: Investing - Theory, News & General
Topic: How many funds do you have in your portfolio?
Replies: 96
Views: 8877

Re: How many funds do you have in your portfolio?

VBIAX and money market fund. (Plus I-Bonds/)
by pjstack
Sun Nov 10, 2013 5:29 pm
Forum: Personal Investments
Topic: Dan Wiener Independent Advisor for Vanguard Investors
Replies: 45
Views: 17315

Re: Dan Wiener Independent Advisor for Vanguard Investors

Rico, he of the $5,000 watch fame, is a big Wiener fan. Although he posts infrequently, this thread may pique his interest. Do you mean "Petrocelli"? He was a fan (or participant) of the "Hot Hands" method as I recall. I miss his posts for their humor, though he rankled some people from time to tim...
by pjstack
Thu Nov 07, 2013 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Paper ibonds conversion to electronic
Replies: 16
Views: 1801

Re: Paper ibonds conversion to electronic

To Nisiprius: I have an account at Bank of America. I haven't tried to cash one there in a long time, but your comment makes me apprehensive. The BofAs where I live cash out I-bonds and it's more convenient than ever. They used to have to mail the redemption form to a regional level facility to han...
by pjstack
Tue Nov 05, 2013 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paper ibonds conversion to electronic
Replies: 16
Views: 1801

Re: Paper ibonds conversion to electronic

To Nisiprius:
You said that your bank no longer cashed I-Bonds. Is your bank a national bank or a local one?

I have an account at Bank of America. I haven't tried to cash one there in a long time, but your comment makes me apprehensive.

I hope this trend won't extend to all banks.
by pjstack
Fri Nov 01, 2013 1:16 pm
Forum: Investing - Theory, News & General
Topic: Paper I Bond 2013 Tax Refund Purchase Is Real
Replies: 19
Views: 2238

Re: Paper I Bond 2013 Tax Refund Purchase Is Real

I'm curious, is anyone planning to purchase PAPER I-bonds, but who DON'T plan on purchasing any ELECTRONIC (on-line) bonds? I'm slightly nostalgic for the paper, but last year I turned right around and turned them into online bonds along with my other ones. This year, I am sad to say, I don't have ...
by pjstack
Sat Oct 26, 2013 1:21 am
Forum: Investing - Theory, News & General
Topic: Net Worth Survey 2014
Replies: 58
Views: 11389

Re: Net Worth Survey 2014

I agree with staythecourse about leaving out company ownership sale. I am interested in just asterisking the inheritance/lottery win type of luck. Then why don't you just ask that specific question? Why all the "Interpreting" when you could just ask what you want to know? Why anyone would want to k...
by pjstack
Fri Oct 18, 2013 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: The bank took my $50 counterfeit money and gave me nothing
Replies: 90
Views: 22879

Re: The bank took my $50 counterfeit money and gave me nothi

LazyNihilist wrote:
Hypothetical question, what would you advice someone who just realized that all their life savings were counterfeit notes?
That would probably be a large number of paper notes. I would advise them to get out of the drug business!
by pjstack
Tue Oct 15, 2013 5:35 pm
Forum: Investing - Theory, News & General
Topic: We've only just arrived at the next Bear Market
Replies: 20
Views: 3808

Re: We've only just arrived at the next Bear Market

Reminds me of The Onion financial spoof, "The Blue Line".
by pjstack
Mon Oct 14, 2013 9:15 pm
Forum: Personal Consumer Issues
Topic: Can't seem to spend money on myself, guilty feelings
Replies: 34
Views: 4238

Re: Can't seem to spend money on myself, guilty feelings

Buy yourself a good suit!

Advantages: You can't sell it 15 minutes after you've bought it.

You'll look good at occasions where a suit is appropriate.

A good suit lasts forever! (Men's suits don't really ever go out of style if they are conservative.)

Put it on occasionally and feel rich!
by pjstack
Sun Oct 13, 2013 7:36 pm
Forum: Personal Consumer Issues
Topic: best way to store your gold & silver
Replies: 23
Views: 3021

Re: best way to store your gold & silver

If you buy bullion coins (not numismatic) they will probably be given in plastic "flips" (folded vinyl envelopes). Purists do not like vinyl, especially for silver. You can buy, through coin stores or coin magazines, circular plastic holders called "Cointains" which will protect them from wear and s...
by pjstack
Wed Oct 02, 2013 7:32 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Palm Springs Area CA
Replies: 34
Views: 3536

Re: Palm Springs Area CA

Just remember Palm Springs is on the San Andreas fault. Not "near", not "close", but ON the fault. We are five miles away from the fault. As with investing life will always be uncertainty. California has been extremely lucky that we have not had a serious quake for almost 20 years. I have lived thr...
by pjstack
Wed Oct 02, 2013 6:20 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Palm Springs Area CA
Replies: 34
Views: 3536

Re: Palm Springs Area CA

Just remember Palm Springs is on the San Andreas fault.
Not "near", not "close", but ON the fault.
by pjstack
Fri Sep 20, 2013 4:55 pm
Forum: Investing - Theory, News & General
Topic: Who do you guys discuss investment strategies with?
Replies: 56
Views: 11223

Re: Who do you guys discuss investment strategies with?

The only useful investment information I've ever received has been from this forum. Really.
by pjstack
Thu Sep 19, 2013 5:55 pm
Forum: Personal Investments
Topic: Do Bogleheads invest in physical gold?
Replies: 96
Views: 11519

Re: Do Bogleheads invest in physical gold?

Well, I'll tell you how it worked out for me: I bought 6 one-ounce coins in 1998 for approx. $350 each. Since gold earns no interest, it is essentially as if I put $350 (each) under my mattress. According to the inflation calculator at AIER $350 1998 dollars requires almost $500 2013 dollars for equ...
by pjstack
Thu Sep 12, 2013 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my mortgage! Wait—now I can't have escrow service?
Replies: 24
Views: 7419

Re: Paid off my mortgage! Wait—now I can't have escrow servi

I haven't had an escrow account for years, even when I did have a mortgage. Don't stress. It's easy, just like any other bill.
by pjstack
Fri Sep 06, 2013 9:56 pm
Forum: Personal Investments
Topic: I Bond question please
Replies: 24
Views: 4140

Re: I Bond question please

I would list yourselves as co-owners. Your social security number for the first $10K and his for the second $10k.
by pjstack
Fri Sep 06, 2013 9:39 pm
Forum: Personal Consumer Issues
Topic: re: Suggestions for Las Vegas
Replies: 44
Views: 5832

Re: re: Suggestions for Las Vegas

If you've ever wanted to (legally) fire a submachine gun there is a shop called, sensibly, The Gun Store where you can burn off some money firing stuff like the Thompson .45 cal. or a WWII German 9 mm. machine pistol ( the MP40). Just hefting the Tommy gun will give you an idea what it was like to l...
by pjstack
Mon Sep 02, 2013 4:42 pm
Forum: Investing - Theory, News & General
Topic: Is 50 the new 20?
Replies: 12
Views: 2100

Is 50 the new 20?

I went to the ATM the other day to withdraw $200. Instead of the usual stack of twenties I got $100 in twenties and two $50 bills for the other hundred. (Bank of America ATM.) I was reminded of a scene from my childhood (mid 1940's) when my mother made a small purchase from a department store in ord...
by pjstack
Sun Sep 01, 2013 11:30 pm
Forum: Personal Consumer Issues
Topic: Going Back to School after all these years?
Replies: 18
Views: 1903

Re: Going Back to School after all these years?

When I graduated from college in 1957 (BS, mechanical engineering) I barely squeaked through (103 out of 104)!! When I went (via G.I. bill) again at 50 yrs. old it was amazing what maturity and a real interest in subject matter could do. Although I was apprehensive at first it turned out to be a pie...
by pjstack
Sun Sep 01, 2013 10:11 pm
Forum: Investing - Theory, News & General
Topic: Why is it always "more risk?" Or is it?
Replies: 41
Views: 4176

Re: Why is it always "more risk?" Or is it?

I don't think not having an "emergency fund" is necessarily "risky". I don't have one; my investments ARE my source of emergency money. If something comes up (like a looming dental bill on my horizon right now) I will sell some of my mutual fund to pay for it. Besides, interest rates are so low righ...
by pjstack
Fri Aug 30, 2013 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret saving too much and not spending when younger?
Replies: 79
Views: 13023

Re: Anyone regret saving too much and not spending when youn

cflannagan wrote:Opposite. I regret spending too much and not saving when younger.
Amen to that!! Also, some of those "timeless experiences" in college could have ended up having you flunk out! (It was a close call for me!)
by pjstack
Wed Aug 14, 2013 5:05 pm
Forum: Investing - Theory, News & General
Topic: What makes an individual an Expert?
Replies: 62
Views: 5112

Re: What makes an individual an Expert?

RadAudit wrote:
Grt2bOutdoors wrote:What makes one an expert?
Having a briefcase and being more than 50 miles from home.
LOL! :D That's what we used to say in the Air Force!
by pjstack
Wed Aug 14, 2013 4:58 pm
Forum: Investing - Theory, News & General
Topic: poll; what % of your bond allocation is in I-bonds?
Replies: 36
Views: 3759

Re: poll; what % of your bond allocation is in I-bonds?

Presently about 60% of bond amount.
They are paper I-bonds. I like the tax deferred aspect.
by pjstack
Thu Aug 08, 2013 7:07 pm
Forum: Personal Investments
Topic: Writing an IPS
Replies: 3
Views: 664

Re: Writing an IPS

Congratulations on being 17 AND being smart enough to start saving!!

I wish I had been that smart!
by pjstack
Wed Aug 07, 2013 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: House paid in full - tax implications
Replies: 19
Views: 2873

Re: House paid in full - tax implications

I'm going to make a guess that the person who told you that does NOT do his/her own taxes. I say that because people who don't do their own taxes often misunderstand/misinterpret tax advice or tax issues.
by pjstack
Sat Jul 27, 2013 11:07 pm
Forum: Personal Consumer Issues
Topic: Stumped by a Stump
Replies: 49
Views: 5801

Re: Stumped by a Stump

frugaltype wrote:
pjstack wrote:Put a flower pot on it and enjoy!
Those are so ugly :-)
Well, I meant to put a flower in the flower pot!
by pjstack
Sat Jul 27, 2013 4:12 pm
Forum: Personal Consumer Issues
Topic: Stumped by a Stump
Replies: 49
Views: 5801

Re: Stumped by a Stump

Put a flower pot on it and enjoy!
by pjstack
Wed Jul 24, 2013 4:06 pm
Forum: Personal Investments
Topic: Taxable account for dummies and newbies
Replies: 14
Views: 1807

Re: Taxable account for dummies and newbies

You don't need a brokerage account unless you plan to buy individual stocks or ETF's. Just pick a mutual fund that meets your desires and buy it directly from Vanguard. It's not complicated, really! Don't be frightened by it. The following is my personal opinion: There are posters on this board who ...
by pjstack
Tue Jul 23, 2013 10:23 pm
Forum: Investing - Theory, News & General
Topic: What did Bogleheads do when the stock market crashed?
Replies: 129
Views: 86545

Re: What did Bogleheads do when the stock market crashed?

I changed my asset allocation. The drop taught me that 80% stocks was too high for my comfort level at 72 years old. I discovered that although I could stand the risk, I didn't have the need for it.

I went from 80/20 (stocks/bonds) to more like 50/50 (or at least I'm working towards that).
by pjstack
Mon Jul 22, 2013 7:41 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation to Precious Metal Equities?
Replies: 33
Views: 6515

Re: Do you have an allocation to Precious Metal Equities?

I have six gold coins, two numismatic $20 coins and four bullion (1 Troy oz. ea.).

Also, some silver coins.
by pjstack
Fri Jul 19, 2013 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did your net worth reach $1 million?
Replies: 57
Views: 14880

Re: At what age did you reach $1 million dollars in cash?

1530jesup wrote:
Bogle101 wrote:On a related note, how many people have two million in cash?
How about a box for the option: not there yet and perhaps never will be? :confused ......... :moneybag
Amen!!!
by pjstack
Thu Jul 18, 2013 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: lending money
Replies: 29
Views: 2638

Re: lending money

You probably know that you should never "lend" money that you would like paid back, and more than likely lending to a friend means that you will lose the money (likely) and friend (almost guaranteed). Amen! I loaned 10K to a brother-in-law. I received $250 total payment! No chance of any further pa...
by pjstack
Wed Jul 17, 2013 12:03 am
Forum: Investing - Theory, News & General
Topic: Ethical Implications of Index Investing
Replies: 12
Views: 1674

Re: Ethical Implications of Index Investing

Thanks for the answer(s) to my question of how a company might benefit from my purchase of a share.
by pjstack
Tue Jul 16, 2013 11:32 pm
Forum: Investing - Theory, News & General
Topic: Ethical Implications of Index Investing
Replies: 12
Views: 1674

Re: Ethical Implications of Index Investing

It all depends upon what you feel is "ethical" (which is probably a list I might not agree on). By the way, I'm not really clear on how my purchase of Phillip Morris stock affects the company of Phillip Morris (unless I buy a new offering directly from them); I don't think Phillip Morris would get a...
by pjstack
Tue Jul 16, 2013 4:25 pm
Forum: Personal Consumer Issues
Topic: Bookshelves
Replies: 26
Views: 5420

Re: Bookshelves

Anchor them to the wall no matter which variation you buy. You won't be sorry.
by pjstack
Thu Jul 04, 2013 7:16 pm
Forum: Personal Investments
Topic: Portfolio and RMD Advice for an Active 89 Year-Old
Replies: 12
Views: 2015

Re: Portfolio and RMD Advice for 89 year-old?

"Mid six figures", is that like $400,000? At 89 years old?

$40,000 per year until 99 years old. I should be so lucky!

And she has family to help her?

I would think she is in far better shape than most.
by pjstack
Mon Jul 01, 2013 2:45 pm
Forum: Personal Investments
Topic: When was the last time you HAD TO use your emergency fund?
Replies: 10
Views: 1443

Re: When was the last time you HAD TO use your emergency fun

Sidney wrote:My entire portfolio is my emergency fund. I use it every month.
Ditto, except I don't really have an "emergency fund". When stuff happens I use my credit card(s) and if I can't pay it off the next month I then (reluctantly) cash out some of my portfolio.
by pjstack
Fri Jun 28, 2013 3:58 pm
Forum: Personal Consumer Issues
Topic: [Poll] What's Your Current Mode of Camping?
Replies: 93
Views: 10739

Re: [Poll] What's Your Current Mode of Camping?

I used to camp a lot when I was able bodied. I had a Ford Econoline van with a bench seat in the back that converted into a bed. The rest of the stuff (5 gal. water jug, Coleman stove and lantern, cooler chest, etc.) was bungee corded to the walls. I covered the bare walls with indoor-outdoor carpet...
by pjstack
Thu Jun 27, 2013 12:56 am
Forum: Personal Consumer Issues
Topic: credit score and 1 year credit card use
Replies: 12
Views: 1485

Re: credit score and 1 year credit card use

Once you've opened it, why bother closing it at all? Just use it a few (or less) times a year for trivia. There's no problem with having a "spare" in my opinion.
by pjstack
Wed Jun 26, 2013 4:00 pm
Forum: Personal Consumer Issues
Topic: Prepaid Funeral Arrangements
Replies: 33
Views: 2977

Re: Prepaid Funeral Arrangements

I have a pre-paid cremation arrangement. I paid for it a long time ago; I think it was around $1,400 (or so). Anyway, less than the cost of a casket and my wife doesn't have to stress over funeral arrangements.

I bought it when I was still single. It still seems like a good idea to me now.
by pjstack
Tue Jun 25, 2013 8:29 pm
Forum: Personal Investments
Topic: Buying physical gold
Replies: 53
Views: 8358

Re: Buying physical gold

Let the bashing begin!!! (I own 6 coins.) My only advice is NOT to buy "numismatic" coins unless you are a hard core coin collector. (I own two.) They will be sold to you as "uncirculated" but when sold by you they will be will be magically downgraded to "awful" (a fly skidded while landing on them ...
by pjstack
Fri Jun 14, 2013 7:00 pm
Forum: Personal Investments
Topic: reinvesting dividends
Replies: 31
Views: 2747

Re: reinvesting dividends

I've tax loss harvested between total stock market and S&P 500 with no questions. Disclaimer: I'm pretty small fry (actually plankton class) as far as IRS audit bait. Anyway, Vanguard didn't flag it as a wash sale and that's good enough for me. If a zillion dollar outfit doesn't think it's a wash sa...
by pjstack
Thu Jun 13, 2013 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: How much cash do you carry?
Replies: 103
Views: 8878

Re: Poll: How much cash do you carry?

I am having some difficulty in personally responding to the poll, because I typically get between $100 to $200 from an ATM when I need cash and usually don't replenish my walking around money until I am down to $30 to $40. I guess the $100 to $199 best describes it. Same here. Ditto. Usually $40 to...
by pjstack
Wed Jun 12, 2013 11:47 pm
Forum: Personal Investments
Topic: 3 funders with a pinch of gold, silv
Replies: 22
Views: 1903

Re: 3 funders with a pinch of gold, silv

I've got 6 gold coins, does that count?
They're pretty and I bought them for about $400 each (in 1998).

I was feeling pretty smart when gold was $1,600 / troy oz., now not so much. Oh well, they're still pretty.
by pjstack
Wed Jun 12, 2013 6:04 pm
Forum: Personal Consumer Issues
Topic: Some questions about personal credit
Replies: 11
Views: 1624

Re: Some questions about personal credit

I was an econ major in college, and we read a lot of studies in my consumer economics class that showed people who use credit cards end up spending significantly more than they otherwise would if they only had debit cards. I don't mean to be sarcastic, but "studies show" that people who don't look ...
by pjstack
Sat Jun 08, 2013 8:41 pm
Forum: Investing - Theory, News & General
Topic: a really depressing ny times article on retirement
Replies: 67
Views: 10753

Re: a really depressing ny times article on retirement

Surely readers here know people who are retired w/Social Security who have nowhere near a million dollars and they seem to survive OK. I certainly do.

A million dollars in your mattress will divide up to 50K per year for 20 years.
by pjstack
Tue Jun 04, 2013 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Selling older car vs. keeping it for low level use
Replies: 55
Views: 14723

Re: Selling older car vs. keeping it for low level use

The second car comes in handy when the first one won't start (yes, it could happen! And at the most inconvenient time.)

I agree: keep it for 6 months and see how it works out. Consider it a luxury.