Search found 719 matches

by Midpack
Tue Jan 31, 2012 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics Question: Unemployment
Replies: 49
Views: 7795

Re: Ethics Question: Unemployment

My father-in-law now does exactly the same. He is 67 and gets SS and unemployment which he will continue on until it runs out. Nothing unethical about it IMO. This is benefit he earned and if he did not get laid off, he would still continue to work at the same factory where he worked for the past 1...
by Midpack
Tue Jan 31, 2012 1:32 pm
Forum: Investing - Theory, News & General
Topic: Is delaying Social Security a form of market timing?
Replies: 26
Views: 1968

Re: Is delaying Social Security a form of market timing?

This is the right answer IMHO. My parents have both just turned 90 and I haven't had any health problems after 57 years, so I am betting I will live past the Soc Sec breakeven age (mid 70's IIRC). I plan to take Soc Sec when I am 70, but I have lots of time to change my mind... The 'breakeven age&q...
by Midpack
Tue Jan 31, 2012 11:36 am
Forum: Investing - Theory, News & General
Topic: Is delaying Social Security a form of market timing?
Replies: 26
Views: 1968

Re: Is delaying Social Security a form of market timing?

Yeah, but the average person has "inside" information about his/her health and can make an educated bet. This is the right answer IMHO. My parents have both just turned 90 and I haven't had any health problems after 57 years, so I am betting I will live past the Soc Sec breakeven age (mid...
by Midpack
Tue Jan 31, 2012 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Ethics Question: Unemployment
Replies: 49
Views: 7795

Re: Ethics Question: Unemployment

I think it is ethical to collect unemployment as long as he looks for work and will accept a job. Now, he obviously doesn't have to kill himself looking. I think he should look for a job he actually wants to do and if he gets offered the job then he should accept. When the system finally works in t...
by Midpack
Mon Jan 30, 2012 6:26 pm
Forum: Personal Investments
Topic: Future of Social Security: Boglehead View?
Replies: 60
Views: 4725

Re: Future of Social Security: Boglehead View?

I plan on 50% but everything seems to suggest we'll receive closer to 70%. I'd rather be pleasantly surprised than scramble to deal with a shortfall when I am an even older geezer. I am always curious why most people ask about Social Security when Medicare has the more dire solvency issue?
by Midpack
Mon Jan 30, 2012 12:09 pm
Forum: Investing - Theory, News & General
Topic: What are the most UNETHICAL companies?
Replies: 16
Views: 2153

Re: What are the most UNETHICAL companies?

Why do you ask a such a provocative and potentially dangerous question? Seems odd for a second post...
by Midpack
Sat Jan 28, 2012 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much to pay for a GOOD financial plan?
Replies: 16
Views: 2003

Re: How much to pay for a GOOD financial plan?

I also paid nothing, did it myself. More than ever, you can get all the data and knowledge to do your own plan without spending a dime these days. I got a quote for a professional plan as a second opinion, it was $1500 and I didn't follow up with them - no way I'd pay anything like that for what wou...
by Midpack
Sat Jan 28, 2012 2:39 pm
Forum: Investing - Theory, News & General
Topic: Understanding Corning's drop
Replies: 16
Views: 1840

Re: Understanding Corning's drop

Anything is possible of course,but FWIW... I guessed that technology would progress to something like chopped carbon fiber that could be put in molds, rather than hand laid, mass produced and fabricated. Even long carbon fibers could be laid by machine? Both are already being done . Possibly ceramic...
by Midpack
Fri Jan 27, 2012 3:45 pm
Forum: Investing - Theory, News & General
Topic: Real Return Poll
Replies: 66
Views: 4837

Re: Real Return Poll

chaz wrote:I'm retired.
Which makes real return even more important IMO, unless you have a generous COLAd pension and retiree health care...I don't.
by Midpack
Fri Jan 27, 2012 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Car exterior maintenance (washing, waxing, etc) [poll]
Replies: 50
Views: 4892

Re: Car maintenance (washing, waxing, etc) [poll]

I spend a lot more on maintenance overall, but I voted $100-149 for washing & waxing for our two cars. I wax them both annually myself, and we use drive thru washes in winter and sporadically in summer (sometimes I wash them myself). We vacuum them ourselves as needed. Growing up, my Dad dragged...
by Midpack
Fri Jan 27, 2012 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: House Hunting: is the market turning?
Replies: 23
Views: 2209

Re: House Hunting: is the market turning?

It is a good time to buy, and nice homes at reasonable prices will often sell quickly. But real estate isn't going to take off any time soon, and interest rates aren't either, so there is no rush. In that you seem to have found suitable homes easily several times, it would appear you're going to fin...
by Midpack
Fri Jan 27, 2012 10:44 am
Forum: Investing - Theory, News & General
Topic: Real Return Poll
Replies: 66
Views: 4837

Re: Real Return Poll

I am planning on 0-2% and hoping for better as history would suggest. And kudos to the OP for not polling inflation or returns, real returns in far more useful IMHO.
by Midpack
Fri Jan 27, 2012 10:16 am
Forum: Personal Investments
Topic: Socially "responsible" investments
Replies: 9
Views: 936

Re: Socially "responsible" investments

You'll probably want to exclude VGENX (which I own)... :)

Just Google socially responsible funds and look at their holdings.
by Midpack
Fri Jan 27, 2012 10:15 am
Forum: Personal Finance (Not Investing)
Topic: How was your bonus?
Replies: 38
Views: 3733

Re: How was your bonus?

At least for those of us working in the financial industry, it is bonus season. Just curious how everybody is doing. My bonus was a little higher, though far from the peak around 2006. I was/am not in financial services. Your experience in finance runs contrary to everything I read about Wall Stree...
by Midpack
Fri Jan 27, 2012 9:59 am
Forum: Investing - Theory, News & General
Topic: Understanding Corning's drop
Replies: 16
Views: 1840

Re: Understanding Corning's drop

I thing cars in the future will have bodies made from a stamped, cured, bolted and glued carbon fiber/some material frame. But who will commercialize the technology and benefit, I can not guess. After 20 years as an exec in composites including automotive, I can't imagine a set of circumstances tha...
by Midpack
Wed Jan 25, 2012 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How many Bogleheads do not marry due to financial reasons?
Replies: 154
Views: 13365

Re: How many Bogleheads do not marry due to financial reason

As important as money & financial independence are, friends & family (including a spouse) are far more important. Money can't make you happy (for long)...
by Midpack
Tue Jan 24, 2012 11:15 am
Forum: Investing - Theory, News & General
Topic: Why isn't everyone using a 3-Fund portfolio?
Replies: 89
Views: 11299

Re: Why isn't everyone using a 3-Fund portfolio?

Like many here I suspect, my portfolio includes 11 mostly index funds, not far removed from the 3 basic funds you mention. I do so because after a lot of study (Bogle, Bernstein & others) and 30 years experience, I believe I can get the same or slightly better returns with slightly lower risk/vo...
by Midpack
Mon Jan 23, 2012 3:35 pm
Forum: Personal Consumer Issues
Topic: san diego
Replies: 24
Views: 2108

Re: san diego

Most of my favorites have been mentioned; La Jolla (take your wallet), Coronado Island and "the Del", Old Town (for Mexican food), Gaslamp District, Horton Plaza & SD Zoo. I can't imagine SD without a car. I never go to SD without eating lunch at Pt Loma Seafood, love the place, casual...
by Midpack
Mon Jan 23, 2012 12:04 pm
Forum: Forum Issues and Administration
Topic: Do you like answering polls
Replies: 36
Views: 2683

Re: Do you like answering polls

G-Money wrote:Maybe if the poll was phrased: "Are you answering this poll?". But even then, you'd need everyone to answer truthfully.
Priceless... :lol
by Midpack
Mon Jan 23, 2012 11:28 am
Forum: Personal Consumer Issues
Topic: Finding a digital camera I can live with
Replies: 47
Views: 4287

Re: Finding a digital camera I can live with

I think you may have specified a camera that does not currently exist. If you want low shutter lag, you probably will need to go with a DSLR, but even the Nikon D3100 weighs in at ~27 oz. with the 18-55mm zoom lens, battery and memory card, so is over your weight limit. It is also slightly over you...
by Midpack
Mon Jan 23, 2012 8:37 am
Forum: Personal Consumer Issues
Topic: I think NY Giant coach Tom Coughlin is a Boglehead
Replies: 29
Views: 2847

Re: I think NY Giant coach Tom Coughlin is a Boglehead

Two hard fought games yesterday. The Pats were very lucky to walk away with a win, not pretty, and I'm a Pats fan. You have fo feel for the Ravens kicker (and Kyle Williams) - ouch.

I sure hope it's not a repeat of Super Bowl XLII (cold shivers...).
by Midpack
Mon Jan 23, 2012 8:34 am
Forum: Forum Issues and Administration
Topic: Do you like answering polls
Replies: 36
Views: 2683

Re: Do you like answering polls

Unless they're poorly conceived, why not?
by Midpack
Mon Jan 23, 2012 5:46 am
Forum: Personal Consumer Issues
Topic: Do you wear glasses
Replies: 31
Views: 3182

Re: Do you wear glasses

I need/use standard reading glasses so I voted yes, though I don't wear glasses otherwise. To me there are three categories for glasses- always, reading only and never...
by Midpack
Mon Jan 23, 2012 5:43 am
Forum: Personal Consumer Issues
Topic: Finding a digital camera I can live with
Replies: 47
Views: 4287

Re: Finding a digital camera I can live with

I have a Nikon D90, I love it but it's not what you're looking for. We also have an older Nikon CoolPix, a handy alternative in many situations. To me it's ideal to have a DSLR and a small point and shoot. We just don't need high-res and advanced features for all situations. Most of the reviews I re...
by Midpack
Sat Jan 21, 2012 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of your Gross Income for Housing & Auto?
Replies: 87
Views: 9044

Re: What Percentage of your Gross Income for Housing & Auto?

22% of total annual expenses in 2011. Like the OP, I'm retired, so "income" is a nebulous term...
by Midpack
Sat Jan 21, 2012 10:38 am
Forum: Personal Investments
Topic: Do You use a Vanguard Advantage Account?
Replies: 26
Views: 12080

Re: Do You use a Vanguard Advantage Account?

Because we have and use electronic fund transfer from Vanguard to our local bank, we have no need to use Advantage. Advantage would be redundant with local bank features. We had similar features when we had our accounts with Fido and it was handy, but that was before electronic transfer was availabl...
by Midpack
Fri Jan 20, 2012 3:33 pm
Forum: Investing - Theory, News & General
Topic: POLL: At what net-worth does an individual become wealthy?
Replies: 78
Views: 8670

Re: POLL: At what net-worth does an individual become wealth

Clearly it's all relative. None of us will probably ever be wealthy in our own eyes, though we may be to others...

This guy was wealthy, before he got busted.
Image
by Midpack
Fri Jan 20, 2012 10:34 am
Forum: Personal Finance (Not Investing)
Topic: How do you define "Effective Tax Rate" ?
Replies: 73
Views: 5570

Re: How do you define "Effective Tax Rate" ?

I consider it line 61 divided by line 37 (AGI), so I guess I agree with the article. Where the super rich are concerned (most of the discussion), it's all about cap gains rates more than deductions/exemptions anyway no? My 2 cents...
by Midpack
Thu Jan 19, 2012 4:16 pm
Forum: Investing - Theory, News & General
Topic: Dividends - take cash or re-invest
Replies: 22
Views: 4508

Re: Dividends - take cash or re-invest

Compounding is wonderful, so I reinvested all dividends during my working career. I recently retired, and eventually I will start letting dividends go to cash for ongoing spending. Unless you have a need for cash, or the discipline to invest the cash generated in a timely manner - I'd reinvest divid...
by Midpack
Thu Jan 19, 2012 12:27 pm
Forum: Personal Investments
Topic: Leaving broker, need advice- Update
Replies: 17
Views: 1260

Re: Leaving broker, need advice

Having seen your posts on another site, I am not clear if you're looking "for a fish" or you want to "learn how to fish." You seem to be on the fence, and that's not unusual, but which side are you aiming for? The best approach is keep it simple with balanced funds if you aren't ...
by Midpack
Wed Jan 18, 2012 5:29 pm
Forum: Investing - Theory, News & General
Topic: How much do you tilt?
Replies: 79
Views: 7165

Re: How much do you tilt?

I voted 20% based on 6% LCV, 6% SC & 6% SCV. I also hold 6% Emer Mkts and 4% Energy Sector, but I am guessing you (and I) would not consider them tilts, just Intl and LC respectively. Didn't count REIT as a tilt either.

Some 100% tilts votes - WOWZA!
by Midpack
Tue Jan 17, 2012 3:39 pm
Forum: Personal Consumer Issues
Topic: Need some advice on shredder
Replies: 39
Views: 3871

Re: Need some advise on shredder

My usage is similar, though once or twice a year I may shred as many as 50 pages in a sitting. I bought an inexpensive cross-cut shredder at Staples about 10 years ago, probably just under $30, it has served me well. I don't remember how many pages it was supposed to be able to handle at once, but I...
by Midpack
Tue Jan 17, 2012 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What percent are you?
Replies: 14
Views: 2482

Re: What percent are you?

Good link, but I'm far more interested in where I stand on this chart...

Image
by Midpack
Tue Jan 17, 2012 12:27 pm
Forum: Personal Consumer Issues
Topic: Would you trade all of your wealth to be 20 again?
Replies: 93
Views: 8167

Re: Would you trade all of your wealth to be 20 again?

I'm surprised that it's so evenly split. I've had this conversation with friends and co-workers many times over the years. I thoroughly enjoyed my 20's at the time, but I wouldn't go back even if you let me keep my current assets. Though last summer I was in line (for beer after a long sail race) wi...
by Midpack
Mon Jan 16, 2012 7:41 pm
Forum: Personal Consumer Issues
Topic: Good walking hiking shoes?
Replies: 27
Views: 4256

Re: Good walking hiking shoes?

I've had Merrell Moabs and Refuge Cores, would buy either again in a heartbeat. Comfortable right out of the box and well designed for hiking IMO.
by Midpack
Mon Jan 16, 2012 9:48 am
Forum: Personal Consumer Issues
Topic: One leg shorter than the other?
Replies: 13
Views: 3779

Re: One leg shorter than the other?

The chiropractor told my wife that one her legs has become one inch shorter than the other. And he can fix it. Well now, how in the heck can he tell that? It would seem almost impossible to measure it somehow. What would be the reference point (stay clean now :D)? Is this just an expression or a re...
by Midpack
Sun Jan 15, 2012 8:48 pm
Forum: Personal Consumer Issues
Topic: Do you own Apple products?
Replies: 114
Views: 8269

Re: Do you own Apple products?

IPad2 and two iPods, DW and I both have our own. Proud to be a Boglehead, but that doesn't govern my purchasing decisions. Now that I am retired and don't use a Win PC for work, my next computer could be a Mac. Interesting the poll suggests we're either deep into Apple products or not at all.
by Midpack
Sun Jan 15, 2012 1:00 pm
Forum: Personal Investments
Topic: My Tax-Inefficient Portfolio
Replies: 17
Views: 1857

Re: My Tax-Inefficient Portfolio

You may be familiar with this, if not I think you may find it very helpful http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement . I actually look up and track tax efficiency for each of my holdings on the M* website (for free), makes placement priorities very easy. Best of luck...
by Midpack
Sun Jan 15, 2012 12:12 pm
Forum: Personal Investments
Topic: My Tax-Inefficient Portfolio
Replies: 17
Views: 1857

Re: My Tax-Inefficient Portfolio

You may be familiar with this, if not I think you may find it very helpful http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement . I actually look up and track tax efficiency for each of my holdings on the M* website (for free), makes placement priorities very easy. Best of luck...
by Midpack
Sun Jan 15, 2012 9:39 am
Forum: Personal Consumer Issues
Topic: Go Pats!!!!
Replies: 44
Views: 2878

Re: Go Pats!!!!

Go Pats, what a blowout, thank goodness. DW grew up in RI, her family's all lifetime Pats fans. After ESPN reviewed Brady's record stats, they showed Brady's post game press conference. As always, he says 'we need to work hard this week and do better next week.' Commentator came back on and said 'ho...
by Midpack
Fri Jan 13, 2012 11:29 am
Forum: Investing - Theory, News & General
Topic: Why is Wellesley doing so well??
Replies: 34
Views: 6022

Re: Why is Wellesley doing so well??

I wonder if it makes any sense to mix in a bit of VWIAX if you are targeting 40/60 allocation with the Three fund approach?? As you probably know, it depends on your tax options. Most people opt for three funds instead of Wellesley to put low efficiency holdings like bonds in sheltered accounts and...
by Midpack
Fri Jan 13, 2012 11:21 am
Forum: Personal Consumer Issues
Topic: Deleted
Replies: 20
Views: 3487

Re: Williams Sonoma - what is worth buying there?

The good thing about Williams-Sonoma is all their merchandise is top notch, there is no junk there and some people are willing to pay a premium for that assurance along with knowledgeable in store help. The bad thing is their prices are full retail, and you can almost always buy the same things else...
by Midpack
Wed Jan 11, 2012 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8696

Re: Frustrated with Work and Dealing with Golden Handcuffs

I don't have a lot of sympathy for complainers, do something, even if it's going to take years to accomplish. Life is too short. And complainers often make their co-workers miserable unnecessarily too... His question does not imply that he is a complainer. His question indicates that he wants to ma...
by Midpack
Wed Jan 11, 2012 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8696

Re: Frustrated with Work and Dealing with Golden Handcuffs

It's hard to imagine you worked yourself into a career that you despise. Notice that I used the word "career" because your post seems to indicate that you just don't like the line of work you're in. At some level, you made the sustained series of choices that got you where you are. Not ha...
by Midpack
Tue Jan 10, 2012 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8696

Re: Frustrated with Work and Dealing with Golden Handcuffs

If you're not depressed (medically) then suck it up. Millions of us don't enjoy our jobs. Welcome to the club. It's called work for a reason. Lighten up. If you don't enjoy your job, it's your own fault like millions of others. Do something about it, life is too short... The OP posted a paradise st...
by Midpack
Tue Jan 10, 2012 5:05 pm
Forum: Personal Consumer Issues
Topic: Can Adele Sing?
Replies: 56
Views: 5559

Re: Can Adele Sing?

Great voice, I just don't care for her music. That's why we all have our own tastes and so many artists to choose from. Obviously Adele has many, many fans...nothing wrong with that.
by Midpack
Tue Jan 10, 2012 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8696

Re: Frustrated with Work and Dealing with Golden Handcuffs

Cloud wrote:If you're not depressed (medically) then suck it up. Millions of us don't enjoy our jobs. Welcome to the club. It's called work for a reason.
Lighten up. If you don't enjoy your job, it's your own fault like millions of others. Do something about it, life is too short...
by Midpack
Tue Jan 10, 2012 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8696

Re: Frustrated with Work and Dealing with Golden Handcuffs

I was in the exact same situation, an excellent job with high pay that I could do in my sleep and no risk of losing the position. Where I once enjoyed it and it was the job I'd worked my whole career toward, after 18 years I was still very effective but brain dead at work. I chose to keep at it unti...
by Midpack
Tue Jan 10, 2012 10:33 am
Forum: Investing - Theory, News & General
Topic: The Bottom Line: Just sit there.
Replies: 31
Views: 5063

Re: The Bottom Line: Just sit there.

Could not agree more. I struggle, mightily, against the urge to fashion a 'perfect' portfolio. Posts like this keep me from acting on those urges. Many of us do, but we've learned to refrain and sleep well every night. An essential part of Boglehead investing includes having the discipline to under...
by Midpack
Tue Jan 10, 2012 10:21 am
Forum: Investing - Theory, News & General
Topic: Who are the Bogleheads - age adjusted net worth
Replies: 62
Views: 6386

Re: Who are the Bogleheads - age adjusted net worth

This is a highly flawed method that is bias'ed toward older bogleheads. Income growth is not accounted for. For example, when I was 21 I made $35k per year. At 27, I was at ~$100k. Now at 32, I make $250k - $400k ($315k in 2011). The model you are presenting does not take this into account. Probabl...