Search found 3497 matches

by hoops777
Sat Apr 10, 2021 9:54 pm
Forum: Personal Consumer Issues
Topic: No Salt Water Conditioners
Replies: 1
Views: 238

No Salt Water Conditioners

IIt has been a couple years since this topic has been on Bogleheads.
Wondering if anyone has had one of these systems like LifeSource or Pelican. There are also many others that use the TAC method to eliminate scale.
Thanks
by hoops777
Thu Apr 01, 2021 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48061

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

This is an old article but I came across this today. I'm still picking my jaw off the ground! https://www.cnbc.com/2019/09/11/you-need-to-make-350000-a-year-to-live-a-middle-class-lifestyle-today-heres-why.html I think it safe to say that not only is this lsadly misleading, despite coming from an F...
by hoops777
Thu Apr 01, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?
Replies: 40
Views: 3492

Re: $1M / $5M Geico Umbrella Policy in Florida: Are These Numbers Insane?

Despite the TV ads touting 15% savings.....and my holding of BRK/b, Geico is often not only higher than the average rate, they are sometimes way higher. My son was pricing insurance for his new car. He got a quote from Mapfre from our independent insurance agent, then, because that lizard said he c...
by hoops777
Tue Mar 30, 2021 10:36 pm
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7850

Re: "Nobody Knows Nothin'"

Instead of NKN, it should be there ARE a lot of very smart, dedicated experts that know a helluva lot. In a perfect world they would have great success at beating the market. The problem is the world is full of too many unknown events that happen daily that change outcomes. So nobody knows the futu...
by hoops777
Tue Mar 30, 2021 7:56 pm
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7850

Re: "Nobody Knows Nothin'"

Instead of NKN, it should be there ARE a lot of very smart, dedicated experts that know a helluva lot. In a perfect world they would have great success at beating the market. The problem is the world is full of too many unknown events that happen daily that change outcomes. So nobody knows the futu...
by hoops777
Tue Mar 30, 2021 5:08 pm
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7850

Re: "Nobody Knows Nothin'"

Instead of NKN, it should be there ARE a lot of very smart, dedicated experts that know a helluva lot. In a perfect world they would have great success at beating the market. The problem is the world is full of too many unknown events that happen daily that change outcomes. So nobody knows the futur...
by hoops777
Tue Mar 30, 2021 4:33 pm
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7850

Re: "Nobody Knows Nothin'"

You either have a predictable, quantifiable, implementable edge, or you don't. Most who do have this edge, have it over a relatively short time frame. It is very difficult to have any sort of predictable quantifiable edge over long periods of time. If you can't quantify and express your edge and ex...
by hoops777
Tue Mar 30, 2021 12:25 pm
Forum: Investing - Theory, News & General
Topic: "Nobody Knows Nothin'"
Replies: 83
Views: 7850

Re: "Nobody Knows Nothin'"

You either have a predictable, quantifiable, implementable edge, or you don't. Most who do have this edge, have it over a relatively short time frame. It is very difficult to have any sort of predictable quantifiable edge over long periods of time. If you can't quantify and express your edge and ex...
by hoops777
Tue Mar 30, 2021 11:58 am
Forum: Investing - Theory, News & General
Topic: Dividends vs no dividends. A case study.
Replies: 53
Views: 3843

Re: Dividends vs no dividends. A case study.

Having worked for a company that went from IPO to Fortune 500 in less than 10 years, I can *guarantee* you that sometimes, a company can indeed allocate capital in a way that is better than paying out dividends. Absolutely, positively guarantee it. That company pays dividends now. But it did not wh...
by hoops777
Sat Mar 27, 2021 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48061

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Congrats on the succcess. I read a lot of the posts. I bought a home in the same area in 2009 for 465,000. I am a bit confused about this though to be honest. Thanks. I'm not sure I understand which part is confusing; perhaps I can clarify if you explain what you mean. The OP bought a house years a...
by hoops777
Sat Mar 27, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 652
Views: 48061

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Congrats on the succcess. I read a lot of the posts. I bought a home in the same area in 2009 for 465,000. I am a bit confused about this though to be honest. The OP bought a house years ago during a huge downturn. The OP is paid much more than most teachers. Very easy to live anywhere under those c...
by hoops777
Wed Mar 24, 2021 1:41 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Your view on saving is equivalent to saying every American can be wealthy if they simply make that choice. My last word on this subject in this thread is that, short of winning the lottery, saving and investing is the ONLY way the average salaried American will become wealthy. And yes, every Americ...
by hoops777
Tue Mar 23, 2021 5:45 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Ok . Let’s just leave it at agreeing that we disagree. :beer :moneybag
by hoops777
Tue Mar 23, 2021 5:32 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Again, you are assuming most people can just save because they want to. Tightening the belt? It does not matter what your history is. If you need 1000 dollars to pay the rent and you have 667 dollars ,you can’t pay the rent because your belief or culture demands it. Please explain how,if you have an...
by hoops777
Tue Mar 23, 2021 5:02 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

.... progressive vapidity of Suits. Suits had a clever premise but it wasn't enough to carry a whole series of episodes so they ran out ideas and had to veer off into vapidity. Also, there were no likeable characters to relate to or root for. Every one was a self-centered ___________ (you fill in a...
by hoops777
Tue Mar 23, 2021 4:56 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

I am sorry but your living on 2/3 income is just nonsense for most people. You seem to think that all these families struggling to save all own expensive cars,live in big houses and are just irresponsible spenders. I honestly think you only see a stereotype. You contribute a lot of good posts on thi...
by hoops777
Tue Mar 23, 2021 4:38 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

So a family already living a modest lifestyle that is unable to save hardly anything, simply decides to cut 1/3 of their expenses to save 1/3 of their income. I would love to see you sit down with many milllions of American families and show them how to do this and then explain what a wonderful way...
by hoops777
Tue Mar 23, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Having said that, I disagree with you on suggested inference that a household's $100K+ annual income necessarily implies an ability to save 40% (in U.S. or elsewhere). As @hoops777 correctly mentioned, it depends - in addition to cultural differences - on a variety of personal circumstances (locati...
by hoops777
Tue Mar 23, 2021 2:06 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

.... progressive vapidity of Suits. Suits had a clever premise but it wasn't enough to carry a whole series of episodes so they ran out ideas and had to veer off into vapidity. Also, there were no likeable characters to relate to or root for. Every one was a self-centered ___________ (you fill in a...
by hoops777
Mon Mar 22, 2021 9:54 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

fingoals, You are wrong! There are many countries out there that save above 30+% consistently over many years. https://www.investopedia.com/articles/personal-finance/022415/top-10-countries-save-most.asp https://www.ceicdata.com/en/indicator/singapore/gross-savings-rate <<Singapore Gross Savings Ra...
by hoops777
Mon Mar 22, 2021 8:17 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

That could happen. It may be happening now, as there is less and less relationship of the prices of stocks dominating the market to the earnings of the companies issuing the stock. Many stocks, like Amazon or Tesla offer stockholders neither dividends or the possibility of profiting from receiving ...
by hoops777
Sun Mar 21, 2021 7:25 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

fingoals, The average gross saving rate of the country/community/culture that I came from is 30+%. This is for the whole country. It is the MAJORITY for that country. KlangFool [/quote I'm pretty sure that the above-mentioned number number for the average gross saving rate is based on recent spike ...
by hoops777
Sun Mar 21, 2021 5:21 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Makes sense to me. If we have 5 years of a major downturn, it won’t matter how diversified your 60/40 portfolio is. People are going to be breaking into your house to steal your food. If us lowly bogleheads have more money than the masses, that won’t protect you from the mob trying to physically hu...
by hoops777
Sun Mar 21, 2021 5:14 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

OP, Yes, we could. Vice versa, we could have 20 years of bear market too. So, why does any of this matters? It does not. The only relevant question is are you prepared? A) If we have 20 years of bull market, you will be fine. B) If we have 20 years of bear market, you are fine too. If you are prepa...
by hoops777
Sun Mar 21, 2021 1:15 pm
Forum: Personal Consumer Issues
Topic: Prius service
Replies: 14
Views: 899

Re: Prius service

Thanks. I have only been on the freeway about 5 times so I guess I will have them change the oil and balance the tires. I doubt balancing is necessary unless it's been sitting for very long (like over a month) without moving. And does your instrument cluster have a menu that tells you estimated oil...
by hoops777
Sun Mar 21, 2021 12:55 pm
Forum: Personal Consumer Issues
Topic: Prius service
Replies: 14
Views: 899

Re: Prius service

Thanks. I have only been on the freeway about 5 times so I guess I will have them change the oil and balance the tires.
by hoops777
Sun Mar 21, 2021 12:37 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

I felt more prepared when I was in the accumulation phase. Consequences of a correction that endures for a decade or so are brutal for retirees. You can mitigate but not eliminate that risk. Why can't you mitigate it? A 70-year old should be 70% in bonds and other stable instruments. Please re-read...
by hoops777
Sun Mar 21, 2021 12:23 pm
Forum: Personal Consumer Issues
Topic: Prius service
Replies: 14
Views: 899

Prius service

I got a call from the dealer offering a special service price because they have not seen me in 14 months.
I have driven my car less than 1000 miles in that time because of covid.
How often do you need to service a 2015 Prius if you barely drive it? My last service was the 30,000 mile service.
Thanks.
by hoops777
Sat Mar 20, 2021 10:36 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

I felt more prepared when I was in the accumulation phase. Consequences of a correction that endures for a decade or so are brutal for retirees. You can mitigate but not eliminate that risk. Why can't you mitigate it? A 70-year old should be 70% in bonds and other stable instruments. Please re-read...
by hoops777
Sat Mar 20, 2021 5:04 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

I felt more prepared when I was in the accumulation phase. Consequences of a correction that endures for a decade or so are brutal for retirees. You can mitigate but not eliminate that risk. Why can't you mitigate it? A 70-year old should be 70% in bonds and other stable instruments. Please re-read...
by hoops777
Sat Mar 20, 2021 2:25 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Everybody everywhere is talking about a bubble. But why can't we have another 20 years of bull market? Starting about 20 years ago, there was 9/11, the 2000-02 dot.com crash, the 2008 global financial crisis, the March 2020 crash, and lots of near crashes and volatility along the way, all because o...
by hoops777
Sat Mar 20, 2021 1:13 pm
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 17929

Re: Why can't we have another 20 years of bull market?

Blue456 wrote: Sat Mar 20, 2021 11:26 am Everybody everywhere is talking about a bubble. But why can't we have another 20 years of bull market?
We can. Just talk to all the people in a state of euphoria about the market and how great it is. No problem. No risk. :moneybag :moneybag :moneybag
by hoops777
Fri Mar 19, 2021 8:55 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20001

Re: Hitting your numbers. How to estimate when you have enough.

I never said anything about a business. My point was having enough money at retirement that you do not need stocks to retire. I would not retire if I needed stocks to do really well to cover my expenses. Of course, that is not always an option. What does this mean? 0% stocks? Nothing new here. Just...
by hoops777
Fri Mar 19, 2021 7:23 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20001

Re: Hitting your numbers. How to estimate when you have enough.

Nothing new here. Just the basic you won the game quit playing. The money that won the game is not in stocks. Do whatever you want with the extra. I believe it to be the best way to know you truly hit your number. I personally cannot see anyone being comfortable knowing that they need a 7,8,9 or 10...
by hoops777
Fri Mar 19, 2021 7:09 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20001

Re: Hitting your numbers. How to estimate when you have enough.

It is much easier to estimate with certainty if you do it without relying on the stock market. Sure, but not everyone in the world can start a business. The stock market has proven to be the single best mechanism for average people to reliably grow their investments over time. The barrier to entry ...
by hoops777
Fri Mar 19, 2021 4:49 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20001

Re: Hitting your numbers. How to estimate when you have enough.

It is much easier to estimate with certainty if you do it without relying on the stock market. Sure, but not everyone in the world can start a business. The stock market has proven to be the single best mechanism for average people to reliably grow their investments over time. The barrier to entry ...
by hoops777
Thu Mar 18, 2021 1:54 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

Seal Team (CBS). I doubt real Team members do anywhere near as much introspection as on TV, but the impacts on the families seem realistic and the action sequences are riveting. Just when I think I know where the story is going, they veer off and do something else. Just started watching this. Prett...
by hoops777
Thu Mar 18, 2021 1:47 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20001

Re: Hitting your numbers. How to estimate when you have enough.

It is much easier to estimate with certainty if you do it without relying on the stock market.
by hoops777
Sun Mar 14, 2021 5:30 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

Change of pace watching "Suits"- a prior USA network series on Amazon about hotshot lawyers. Its kind of like junk food. Not sure why but it holds my attention. 3 seasons in and it is getting a little old. Yup, it was light, junk food type, and with the requisite "gotta hate 'em"...
by hoops777
Sun Mar 14, 2021 1:43 pm
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15647

Re: Does it feel bubbly to you?

Equities, in my opinion, are actually under valued. We are coming out of a Pandemic (go out on the weekends and see the pepped up demand). Unemployment is dropping like a rock and fast. Home values are rising faster than any other time in history. Companies are hiring like crazy. Janet Yellen is no...
by hoops777
Sat Mar 13, 2021 5:21 pm
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15647

Re: Does it feel bubbly to you?

I was blowing bubbles with my 2 year old grandson the other day. They looked beautiful. What could go wrong? They eventually all popped. For people who have recently become financially secure because of this good fortune, it might be time to cash in some chips in those retirement accounts. Or just ...
by hoops777
Sat Mar 13, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15647

Re: Does it feel bubbly to you?

I was blowing bubbles with my 2 year old grandson the other day. They looked beautiful. What could go wrong? They eventually all popped. For people who have recently become financially secure because of this good fortune, it might be time to cash in some chips in those retirement accounts. Or just l...
by hoops777
Sat Mar 06, 2021 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 19
Views: 1603

Re: RMD and taxes

I was reading through some old threads and it gets a bit confusing and over complicated. We will start next year. Please correct me if I am wrong. Just to make it simple.... SS payments 60,000 RMD 30,000 Other taxable 10,000 We take our RMD’s monthly with no withholding directly to our bank account...
by hoops777
Sat Mar 06, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 19
Views: 1603

RMD and taxes

I was reading through some old threads and it gets a bit confusing and over complicated. We will start next year. Please correct me if I am wrong. Just to make it simple.... SS payments 60,000 RMD 30,000 Other taxable 10,000 We take our RMD’s monthly with no withholding directly to our bank account....
by hoops777
Thu Mar 04, 2021 6:37 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 21835

Re: How crazy is it to hold 100% equities until retirement? (ERN)

The unknown. 13 months ago we all had our normal lives. There is a false sense of stock market security rampant out there.We were saved this time. Place your bets on the next one.
by hoops777
Tue Mar 02, 2021 7:42 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

We watched a bit of Tehran on Apple TV. It was favorably mentioned on this thread, and I must be missing something. Mossad agents are legendarily tough and smart; the female agent in Tehran is neither. I don’t like shows where you spend so much time saying “Really? That’s what you think you should ...
by hoops777
Tue Mar 02, 2021 7:39 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2743
Views: 273445

Re: [What TV Show Have You Recently Watched?]

Started watching The Expanse. Held off because I thought my wife would not like it, but that was a mistake :happy
We are in to season 4 and I would say it is one of the best shows we have watched.
by hoops777
Thu Feb 18, 2021 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: To purchase a California home or move out of state?
Replies: 88
Views: 7435

Re: To purchase a California home or move out of state?

There is no place like California and there are many areas you do not have to worry about fires. I also think they will manage the fires much better. This decision is so personal only you know the answer. There is a reason 40 million people live here. What is happening in Texas now is a great exampl...
by hoops777
Tue Feb 16, 2021 3:27 pm
Forum: Personal Investments
Topic: Anyone tried JEPI etf
Replies: 24
Views: 2496

Re: Anyone tried JEPI etf

dru808 wrote: Sat Jul 04, 2020 4:21 pm I can say with 98% certainty, no one or maybe 1 member here invests in this etf.
Looks like that 98 pct certainly was off :D
by hoops777
Sun Feb 14, 2021 10:09 pm
Forum: Investing - Theory, News & General
Topic: What was the Dot-Com bubble like?
Replies: 167
Views: 11527

Re: What was the Dot-Com bubble like?

It was exactly like now if you change the fund and company names. Not exactly. It was much crazier. There were multiple stocks acting like GameStop did on a daily basis. I remember Amazon when it just sold books and it going from 50 to 400 dollars and back. There were a lot of penny stocks that wen...