Search found 11255 matches

by JoMoney
Tue May 11, 2021 9:56 pm
Forum: Personal Investments
Topic: What do people actually mean when they say "buy land" to build wealth?
Replies: 32
Views: 3170

Re: What do people actually mean when they say "buy land" to build wealth?

Real estate is a liability. Even if you own it unencumbered, there are property taxes and maintenance responsibilities. Depending on where you live you can be hit with requirements to clear fire-hazard brush while at the same time prohibited from clearing "protected" native plants. You can...
by JoMoney
Tue May 11, 2021 9:36 pm
Forum: Personal Consumer Issues
Topic: Electric car in evacuation situation
Replies: 147
Views: 12549

Re: Electric car in evacuation situation

Chuckling again at this thread, as a thousand gas stations have run out of gas: https://www.startribune.com/gas-stations-report-shortages-as-pipeline-shutdown-drags-on/600055815/ The assumption - that somehow the hydrocarbon infrastructure was immune from disruption - was clearly very mistaken. I d...
by JoMoney
Mon May 10, 2021 11:06 pm
Forum: Personal Investments
Topic: Why not put everything in SPHD and be done with it?
Replies: 31
Views: 3635

Re: Why not put everything in SPHD and be done with it?

The expense ratio would be enough to turn me off of it. Beyond that, even presuming I really liked dividends and wanted a dividend portfolio, the payout of SPHD has been less consistent then other dividend funds - In 2017 and 2019 SPHD paid out less in dividends then it did a year prior. FWIW, since...
by JoMoney
Mon May 10, 2021 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What are some places where I can work 1-day per week on the weekends?
Replies: 26
Views: 3367

Re: What are some places where I can work 1-day per week on the weekends?

I knew someone who worked at a Lowes just on occasional weekends in addition to their full-time weekday job. Apparently it qualified them for an employee discount while they were remodeling their house (which filled up the rest of his time.) I'm sure there are plenty of retail jobs that are open to ...
by JoMoney
Mon May 10, 2021 8:25 am
Forum: Personal Investments
Topic: How much is enough for a single man to retire?
Replies: 53
Views: 5354

Re: How much is enough for a single man to retire?

... But what if i live much longer and need medical bills and etc? My biggest fear is being treated like a trash at nursing home. Single people die younger, and you won't have anybody to commit you to a care facility, so maybe you can get over your fear by just expecting to die young or senile and ...
by JoMoney
Mon May 10, 2021 8:15 am
Forum: Personal Investments
Topic: How much is enough for a single man to retire?
Replies: 53
Views: 5354

Re: How much is enough for a single man to retire?

... But what if i live much longer and need medical bills and etc? My biggest fear is being treated like a trash at nursing home. Single people die younger, and you won't have anybody to commit you to a care facility, so maybe you can get over your fear by just expecting to die young or senile and ...
by JoMoney
Mon May 10, 2021 8:01 am
Forum: Personal Consumer Issues
Topic: My experience with buying from Hertz
Replies: 18
Views: 38931

Re: My experience with buying from Hertz

If car warranties were a good deal for consumers, I don't think they would sell them so hard.
I saw a car salesman talk someone out of buying a car after pushing the need for an extended warranty. Who would want the car after anchoring someone to potential unreliability and needing expensive repairs?
by JoMoney
Sun May 09, 2021 8:40 pm
Forum: Personal Consumer Issues
Topic: How do you pay for a car?
Replies: 32
Views: 2451

Re: How do you pay for a car?

The most recent car I purchased was also when I was moving back to the U.S. I bought a prior rental car from HertzCarSales.com , the way it worked for me was at the time they offered the car I selected online as a 3 day rental (which I used a credit card for), then if I decided to keep the car there...
by JoMoney
Sun May 09, 2021 7:07 pm
Forum: Investing - Theory, News & General
Topic: 10-20% Bonds? What’s the point?
Replies: 196
Views: 11420

Re: 10-20% Bonds? What’s the point?

If you were spending down 4% a year, having 10% in bonds would be two and half years of spending without touching your stocks. If you were doing a variable withdrawal from your stocks, and the value of stocks dropped in half, you could cover the shortfall from your bonds for something like five year...
by JoMoney
Sun May 09, 2021 10:54 am
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 402
Views: 19473

Re: Crypto mania !

and I still firmly believe in the technology. I am fascinated by the technology as well, yet I don't consider crypto a wise investment. The relevance of the technology behind crypto does not imply that crypto itself is a good investment. In fact, the two things are completely uncorrelated. Some peo...
by JoMoney
Sun May 09, 2021 10:37 am
Forum: Non-US Investing
Topic: any experience with these US bank accounts for [US] ex-pat living abroad
Replies: 30
Views: 3552

Re: any experience with these US bank accounts for [US] ex-pat living abroad

I managed to use a Fidelity CMA and Capital One 360 accounts while living outside the U.S. I had the advantage of having a US address and phone number associated to the accounts though. The only issue I had was with depositing checks, I had a coworker write me a U.S. check in exchange for some local...
by JoMoney
Sun May 09, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Monthly bonus - taxed at 25%
Replies: 10
Views: 945

Re: Monthly bonus - taxed at 25%

You haven't shared enough information for anyone to know if your tax withholding is correct, or if you there is reason to believe you'll get something back (or maybe owe) come tax time when you "settle up with the government." If you need more cash, it sounds like you need more work, or ne...
by JoMoney
Sun May 09, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: "Time the Market" By Selling Current House?
Replies: 32
Views: 2930

Re: "Time the Market" By Selling Current House?

If you and (more importantly) your wife want to move to a smaller home, it sounds like it's not a bad time to do it.
by JoMoney
Sun May 09, 2021 9:42 am
Forum: Investing - Theory, News & General
Topic: Cryptocurrency in Free Fall
Replies: 370
Views: 31887

Re: Cryptocurrency in Free Fall

Dogecoin holders did not like Elon's SNL monologue I guess. Maybe they were hoping he'd hype it up more like a good crypto salesman. He didn't say much of any account, there was a joke to his mom about giving her doge as her Mothers day gift, and a skit during 'weekend update' where they keep tryin...
by JoMoney
Sat May 08, 2021 10:29 pm
Forum: Personal Consumer Issues
Topic: using plaid for bank verification
Replies: 9
Views: 819

Re: using plaid for bank verification

I've had Fidelity try to use it to verify a checking account I wanted to link. It creeps me out. I shouldn't be supplying my login credentials to a third party or having to agree to additional third party terms of service to link a bank account. FWIW, I think Visa bought Plaid... https://usa.visa.co...
by JoMoney
Sat May 08, 2021 3:45 pm
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 402
Views: 19473

Re: Crypto mania !

I'm also of the opinion that the crypto boom will bust, and it's large enough that the fallout will have impacts to the broader investment landscape. I don't follow it that closely, but the thing on my radar that could be most concerning is the amount of "Tether" USD Stable Coin that's in...
by JoMoney
Sat May 08, 2021 3:07 pm
Forum: Personal Investments
Topic: Considering Crypto, But...
Replies: 62
Views: 4632

Re: Considering Crypto, But...

... It's no different than any other commodity based on supply/demand, whether that be Gold, Silver, Baseball cards, or beanie babies... It's a bit different, in that some people actually enjoy owning tangible jewelry, sports cards, or stuffed animals, often having a sentimental attachment regardle...
by JoMoney
Sat May 08, 2021 2:56 pm
Forum: Investing - Theory, News & General
Topic: Crypto mania !
Replies: 402
Views: 19473

Re: Crypto mania !

I'm also of the opinion that the crypto boom will bust, and it's large enough that the fallout will have impacts to the broader investment landscape. I don't follow it that closely, but the thing on my radar that could be most concerning is the amount of "Tether" USD Stable Coin that's inv...
by JoMoney
Sat May 08, 2021 10:50 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5556

Re: When will asset prices come down?

This time around raising rates is pretty much out of the question. Tapering bond purchases is also out of the question. What is more interesting to watch is the size and frequency of stimuli from Congress. And possibly the introduction of yield curve control from the fed. Seems that way, I imagine ...
by JoMoney
Sat May 08, 2021 10:14 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5556

Re: When will asset prices come down?

If/when interest rates go up significantly. If I could get a 4% guaranteed real return from TIPS right now, I wouldn't be 100% stock, and I suspect that a great many other investors would own less stock in such an instance. 4% "real" would seem like winning the lottery... There are many o...
by JoMoney
Sat May 08, 2021 10:04 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5556

Re: When will asset prices come down?

If/when interest rates go up significantly. If I could get a 4% guaranteed real return from TIPS right now, I wouldn't be 100% stock, and I suspect that a great many other investors would own less stock in such an instance. 4% "real" would seem like winning the lottery... There are many o...
by JoMoney
Sat May 08, 2021 9:59 am
Forum: Personal Investments
Topic: Monthly investing into equities only
Replies: 6
Views: 596

Re: Monthly investing into equities only

... My priority is safety at this point, although I still have a year or two to reach my retirement goal. ... If safety is the priority, faster and more frequent moves from stocks to your desired cash/bond allocation is the "better", or in the case of new contributions it would be safer p...
by JoMoney
Sat May 08, 2021 9:53 am
Forum: Investing - Theory, News & General
Topic: When will asset prices come down?
Replies: 84
Views: 5556

Re: When will asset prices come down?

There will be a point where prices come down... how much they'll come down, for how long they'll fall, and by how much they'll have further risen before they come down are the things I can't answer. I don't have a lot of confidence in the future purchasing power of dollars, so in that regard, I'm no...
by JoMoney
Sat May 08, 2021 9:30 am
Forum: Personal Investments
Topic: Monthly investing into equities only
Replies: 6
Views: 596

Re: Monthly investing into equities only

You have not stated what your priority/criteria is by which to judge one methodology as being "better" over another. Higher returns? Lower risk profile? Most of the time, the larger your balance in stocks and the sooner the money is put into stock, the higher the returns. It also tends to ...
by JoMoney
Sat May 08, 2021 9:22 am
Forum: Investing - Theory, News & General
Topic: WSJ: Fed monetary policy fuels financial boom
Replies: 15
Views: 1793

Re: Value of cryptocurrency in circulation now equals US dollar

Maybe the 'bubble' is in dollars when people have more confidence holding dog money.
by JoMoney
Sat May 08, 2021 9:15 am
Forum: Non-US Investing
Topic: If majority of stocks under-perform T-Bills than how does LEXCX perform very similar to S&P 500 when it has 30 stocks?
Replies: 10
Views: 774

Re: If majority of stocks under-perform T-Bills than how does LEXCX perform very similar to S&P 500 when it has 30 stock

^ and something to keep in mind about market cap "deciles" is it takes very few stocks to make up the larger deciles. The top decile of the U.S. stock market right now would be composed of 2 stocks. There have been times in history when it would be only 1 stock. Most of the time, half the ...
by JoMoney
Sat May 08, 2021 9:04 am
Forum: Personal Investments
Topic: Tips to convince my Dad about Index Funds?
Replies: 57
Views: 3818

Re: Tips to convince my Dad about Index Funds?

Has your dad asked you to give him advice? This is a very important question. ... The Advisor stated that their portfolio of 20-30 stocks would be less volatile than an index fund and would continue to provide dividends during a correction and he wouldn't be forced to sell holdings. I don't complet...
by JoMoney
Sat May 08, 2021 8:39 am
Forum: Non-US Investing
Topic: If majority of stocks under-perform T-Bills than how does LEXCX perform very similar to S&P 500 when it has 30 stocks?
Replies: 10
Views: 774

Re: If majority of stocks under-perform T-Bills than how does LEXCX perform very similar to S&P 500 when it has 30 stock

Size. You could say something similar about the Dow Jones Industrial Average (30) as well. The majority of stocks are small cap stocks, and small caps are a lot riskier than large caps, and modest amount of diversity among an assortment of large caps has done just fine. My understanding of the LEXCX...
by JoMoney
Fri May 07, 2021 8:17 am
Forum: Personal Consumer Issues
Topic: Chromebook 101. Please help!
Replies: 14
Views: 896

Re: Chromebook 101. Please help!

I vaguely remember possibly having an issue that sounded similar when trying to copy a very large folder filled with hundreds of music files. If I remember correctly, what I wound up doing, was ejecting and re-insert the drive after getting the error - once the error popped up I couldn't do anything...
by JoMoney
Thu May 06, 2021 9:41 pm
Forum: Personal Consumer Issues
Topic: Chromebook 101. Please help!
Replies: 14
Views: 896

Re: Chromebook 101. Please help!

Are you able to browse the the thumbdrive ? Like... if you click on the thumbdrive in the files app does it open up like the 'Downloads' folder does for browsing? Can you right-click "New Folder" and create a blank folder on the thumbdrive? Are you getting any error messages saying the med...
by JoMoney
Thu May 06, 2021 8:34 am
Forum: Forum Issues and Administration
Topic: Posts about cyber currencies
Replies: 22
Views: 904

Re: Posts about cyber currencies

It's been going for close to a decade now, but I still think it's a fad that will die off :wink:
Seriously, if any of the stories out there about "Tether" and the massive leverage being used to prop up the crypto markets are true, one good shock could be the end this.
by JoMoney
Thu May 06, 2021 5:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard predicts value outperforms grrowth
Replies: 57
Views: 4510

Re: Vanguard predicts value outperforms grrowth

There are lots of guesses out there. Vanguard has been making predictions about ex-US out-performance for quite some time. Keep making guesses, bound to get something right sooner or later. Might be worth noting that both value and growth could have miserable/negative performance, with 'value' simpl...
by JoMoney
Thu May 06, 2021 5:43 am
Forum: Personal Investments
Topic: Best government pension plan in the U.S.?
Replies: 53
Views: 5396

Re: Best government pension plan in the U.S.?

Sounds pretty good. Do they pay into Social Security as well? I'm guessing not... which could make it look like an even better deal, imagine getting a pension like that and your only contribution is the equivalent of what others are paying into Social Security.
by JoMoney
Thu May 06, 2021 5:17 am
Forum: Personal Consumer Issues
Topic: Streaming TV services?
Replies: 19
Views: 2142

Re: Streaming TV services?

Pluto.TV and Youtube
by JoMoney
Wed May 05, 2021 9:34 pm
Forum: Personal Investments
Topic: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?
Replies: 60
Views: 8760

Re: Fidelity says I am in good shape with a 5% withdrawal. Living to 85 starting at 55. What do you think?

Without looking at the tool, I would consider a 5% withdrawal for 30 years "risky". I would consider a 3.33% withdrawal for 30 years "conservative" or "in good shape". 1/30 = 3.33% and given our current negative real interest rate environment, even that is looking more ...
by JoMoney
Wed May 05, 2021 9:04 pm
Forum: Personal Investments
Topic: Vanguard Emerging markets at 10%
Replies: 66
Views: 5301

Re: Vanguard Emerging markets at 10%

Mr. Bogle frequently recommended that if U.S. investors felt they needed an "international" allocation, they should limit it to 20%.
Interestingly he sometimes suggested that 20% be half in developed, and half in emerging markets.
by JoMoney
Wed May 05, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Coinbase ID verification
Replies: 27
Views: 2196

Re: Coinbase ID verification

I’ve opened new accounts at Ally, Marcus & Fidelity in the past couple years and my wife has also opened accounts at Ally & Marcus. None of these required a scan of an ID and face. Sometimes they can verify you other ways. If they can't, it's not uncommon fro banks to require you scan/send ...
by JoMoney
Wed May 05, 2021 8:24 am
Forum: Non-US Investing
Topic: S&P500 Vs Global fund - is Buffett really wrong?
Replies: 64
Views: 5475

Re: S&P500 Vs Global fund - is Buffett really wrong?

I saw a snippet of Warren Buffett talking about the instructions laid out in his will to provide for his wife. He has apparently declared that 90% of the money is to be invested in a low cost S&P500 index fund (which I assume is a Vanguard one?). However, the collective wisdom of the Bogleheads...
by JoMoney
Wed May 05, 2021 8:11 am
Forum: Personal Investments
Topic: how to hedge your portfolio against rising interest rates
Replies: 14
Views: 631

Re: how to hedge your portfolio against rising interest rates

Keep enough in cash and short-term bonds or CD's that changes in interest rates aren't going to impact any money I need any time soon.
by JoMoney
Tue May 04, 2021 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw strategy?
Replies: 3
Views: 453

Re: Withdraw strategy?

You sell whatever securities you hold and when the cash has settled you request to transfer your linked bank account or for them to send you a check. The tax impacts can have a lot of different factors that require additional information, and will be different in different situations. If it's in ins...
by JoMoney
Tue May 04, 2021 7:43 am
Forum: Personal Consumer Issues
Topic: Backup (redundant) home internet service
Replies: 54
Views: 3953

Re: Backup (redundant) home internet service

Are Fios or cable available in your life area? They often have internet only plans. If the phone company still provides DSL to this address in 2021 there is almost certainly not FIOS available, and OP stated no cable. That is not necessarily correct. They may offer fiber optic service to new custom...
by JoMoney
Mon May 03, 2021 8:08 pm
Forum: Investing - Theory, News & General
Topic: How does bitcoin solve the deflation problem?
Replies: 80
Views: 5700

Re: How does bitcoin solve the deflation problem?

If Bitcoin was used as a currency it would be inflationary. Dollars, euros, yen, dollarydoos, etc.. aren't going away, Bitcoin would just be more money in circulation within the domains those currencies already exist... but just about nobody actually uses Bitcoin as a currency so the whole question ...
by JoMoney
Mon May 03, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1800
Views: 152676

Re: Coronavirus (Consumer Issues) How you are preparing?

anyone still hoarding any items? has this changed your buying behavior of items X, Y and Z in any form? I do keep more non-perishables around, though they are things I eat daily. I wouldn't say I'm "hoarding" anything, but I'm a lot more conscious about keeping my pantry stocked with a la...
by JoMoney
Mon May 03, 2021 8:36 am
Forum: Personal Investments
Topic: What is the average historic P/E for US REIT Index?
Replies: 9
Views: 862

Re: What is the average historic P/E for US REIT Index?

If you look at old Vanguard fund annual reports, you can find things like P/E reported under "Portfolio Characteristics" Unfortunately they stopped doing this in recent reports, personally I'm very upset with them for dropping it. Likely unrelated but they stopped doing it right after John...
by JoMoney
Mon May 03, 2021 7:54 am
Forum: Personal Consumer Issues
Topic: Backup (redundant) home internet service
Replies: 54
Views: 3953

Re: Backup (redundant) home internet service

OP said T-Mobile doesn't have service where they are, but it might be worth keeping an eye on "T-Mobile Home Internet"
https://www.t-mobile.com/isp

apparently Verizon is rolling out home 5g Internet as well
https://www.verizon.com/5g/home/
by JoMoney
Sun May 02, 2021 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation already here
Replies: 5
Views: 1052

Re: Inflation already here

I don't know anyone who says we don't have inflation.
The U.S. Bureau of Labor and Statistics is certainly reporting that there's inflation.
If someone extrapolated the inflation for the month of March out across the entire year it would be some fairly hefty inflation... :annoyed
by JoMoney
Sun May 02, 2021 10:37 am
Forum: Investing - Theory, News & General
Topic: High value tax advantaged account questions
Replies: 44
Views: 2798

Re: High value tax advantaged account questions

I consider taking the current tax deduction by putting that money in a 401k a "bird in hand" (" ... worth two in the bush "), and the higher your current tax rate, the more valuable that current deduction is. Putting it into a traditional 401k gives you more options that can have...
by JoMoney
Sun May 02, 2021 9:58 am
Forum: Investing - Theory, News & General
Topic: Stable Value Funds
Replies: 11
Views: 1366

Re: Stable Value Funds

Most stable value funds are very prudently ran, not just because of the insurance companies underwriting them, but the fiduciary responsibilities your 401k provider is required to have. The issue I would be most concerned about it, is the fund is at a higher risk of being frozen/made illiquid then a...
by JoMoney
Sun May 02, 2021 9:31 am
Forum: Investing - Theory, News & General
Topic: Is bond fund really an index fund?
Replies: 14
Views: 964

Re: Is bond fund really an index fund?

The subject is my question. Since a bond fund is regularly getting rid of bonds that have matured and buying new bonds to replace them is the fund really an index fund? If the answer is "yes" how is the fund distinguished from another bond fund? As others have pointed out an "index f...