Search found 7146 matches

by Kenkat
Wed May 12, 2021 1:16 pm
Forum: Investing - Theory, News & General
Topic: Can A Stock Go To Zero?
Replies: 14
Views: 579

Re: Can A Stock Go To Zero?

Yes. Happens more often than you think. We call it uncompensated risk for individual stocks. A good example is when GM went bankrupt. https://www.usatoday.com/story/money/columnist/krantz/2013/04/30/gm-general-motors-liquidation/2097515/ Right, the company declares bankruptcy, existing shareholders...
by Kenkat
Wed May 12, 2021 11:17 am
Forum: Investing - Theory, News & General
Topic: Commodities? Inflation hedge
Replies: 25
Views: 1827

Re: Commodities? Inflation hedge

I know it’s less than 5 full months, but PCRIX moved to the top of my portfolio in terms of YTD return yesterday. Haven’t seen that for a very long time, if ever.
by Kenkat
Wed May 12, 2021 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Insurance - cost to see doctor
Replies: 10
Views: 545

Re: Insurance - cost to see doctor

Some insurance plans will provide a cost estimation tool on their website. I have United Healthcare and can get costs by provider as well as a general range of costs for different conditions or procedures. A typical “doctor appointment” averages around $70-100 for me after the insurance discount rate.
by Kenkat
Sun May 09, 2021 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare - just A + B?
Replies: 62
Views: 4836

Re: Medicare - just A + B?

What Medicare-covered expenses are you liable for after Medicare and Medigap pay? None. Because the medigap plan covers the rest of the Medicare eligible expense. That’s literally what every Medigap insurer under the sun will tell you when you call and ask. You get a bill you ignore it. In effect, ...
by Kenkat
Sun May 09, 2021 7:09 pm
Forum: Personal Investments
Topic: What does your bond portfolio look like in this low interest world?
Replies: 65
Views: 5473

Re: What does your bond portfolio look like in this low interest world?

My bond allocation is supposed to be 30% of my portfolio but it’s closer to 25% with the market run up. I’ve done one rebalancing transaction and have shifted new contributions to fixed income; at some point I may need to do another rebalance (we will see). My bond allocation looks basically like th...
by Kenkat
Sun May 09, 2021 4:30 pm
Forum: Investing - Theory, News & General
Topic: Commodities? Inflation hedge
Replies: 25
Views: 1827

Re: Commodities? Inflation hedge

Commodities were popular here at one time but now they are mostly poorly regarded. There are a few idiots like me here that still hold them. I’ve had a small stake in PCRIX that I’ve held since 2004 and it is doing very well so far this year, perhaps as inflation has picked up, but you can go a long...
by Kenkat
Sun May 09, 2021 4:23 pm
Forum: Personal Consumer Issues
Topic: HOA Advantage
Replies: 76
Views: 5335

Re: HOA Advantage

How many of the people complaining about living in HOAs have never actually lived in one? Answer honestly for yourself. There’s a perception that isn’t always reality. Maybe you’ve seen the Geico commercial where the HOA is cutting down people’s mailboxes for being out of compliance. The HOA I live ...
by Kenkat
Sun May 09, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Some Regret Over Conservative Approach to Finances
Replies: 110
Views: 12031

Re: Feeling Some Regret Over Conservative Approach to Finances

Your issue is that you felt superior to them. You were not superior, and you still are not superior. I have never felt superior at all. I have questioned their decisions and actions over a decade long period based on what seemed to be consensus that was reached post crisis (don't over extend and li...
by Kenkat
Sat May 08, 2021 4:29 pm
Forum: Personal Investments
Topic: Considering Crypto, But...
Replies: 62
Views: 4658

Re: Considering Crypto, But...

But I’m starting to feel that if I don’t get some skin into that asset class, that I will be left in the dust in a matter of time. What say ye? Should I put a small % of my portfolio into this asset class? Here's the problem I see with this: to get wealthy with this without taking on too much risk,...
by Kenkat
Sat May 08, 2021 7:39 am
Forum: Personal Consumer Issues
Topic: Recommendation for Leaf Blower
Replies: 58
Views: 2754

Re: Recommendation for Leaf Blower

Why do you need something expensive to blow leaves? :oops: I just use a rake or broom. I had this same discussion in the snowblower thread. It all depends on how many leaves (or how much snow) we are talking... There is no situation where I can see anyone needing a leaf blower over a rake, outside ...
by Kenkat
Fri May 07, 2021 7:52 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Leaf Blower
Replies: 58
Views: 2754

Re: Recommendation for Leaf Blower

Orangutan wrote: Fri May 07, 2021 7:41 pm Why do you need something expensive to blow leaves? :oops: I just use a rake or broom. I had this same discussion in the snowblower thread.
It all depends on how many leaves (or how much snow) we are talking...
by Kenkat
Wed May 05, 2021 7:52 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 451
Views: 35660

Re: Cryptocurrency - Bitcoin Continues to Soar!

It feels like a shake-up is coming that will turn many of the true believers into disillusioned former investors, but then what do I know? Well, at some point, the pool of money and buyers runs out, momentum flattens out. If Bitcoin were to continue growing at 70% CAGR for the next 10 years, it wou...
by Kenkat
Wed May 05, 2021 1:02 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 451
Views: 35660

Re: Cryptocurrency - Bitcoin Continues to Soar!

I think cryptos are fascinating - BUT You can't help but wonder how, exactly, intrinsic value is determined when pricing is determined by whether Elon Musk wears a Dogecoin t-shirt on Saturday Night Live? We live in strange times With GME, TSLA, and now Dogecoin, it's becoming clearer to me that th...
by Kenkat
Mon May 03, 2021 1:25 pm
Forum: Personal Consumer Issues
Topic: In-door Ice Maker - problem/quick fix?
Replies: 13
Views: 923

Re: In-door Ice Maker - problem/quick fix?

I have an LG and occasionally the ice maker will freeze and no longer create more ice. The cubes are frozen but won’t drop into the ice bin. There is a pretty simple fix for mine (there is a “test” button that will force the tray to dispense) but this will be very brand and model specific.
by Kenkat
Sat May 01, 2021 11:57 am
Forum: Personal Consumer Issues
Topic: HVAC replacement when experts disagree
Replies: 96
Views: 6154

Re: HVAC simplicity vs efficiency choice

After having a single stage system and then replacing that with a two stage system, I would never go back to a single stage set-up. Overall evenness of temperature and comfort is noticeably better with the two stage setup. Ours is a high efficiency Bryant and we’ve had no issues so far; the system i...
by Kenkat
Sat May 01, 2021 11:34 am
Forum: Personal Investments
Topic: What is your favorite retirement calculator?
Replies: 50
Views: 6716

Re: What is your favorite retirement calculator?

If you have assets at Fidelity, I really liked their Retirement Planner app:

https://www.fidelity.com/retirement-planning/overview

I liked the level of detail data it allows you to enter as well as the guidance to be sure you are considering all sources of income and expenses.
by Kenkat
Sat May 01, 2021 11:14 am
Forum: Personal Consumer Issues
Topic: plumbing issue -- low flow from bathroom sink faucet
Replies: 14
Views: 920

Re: plumbing issue -- low flow from bathroom sink faucet

Depending on the style of faucet, there can also be an internal cartridge or mechanism that controls the flow of water between hot and cold (especially common with single top control faucets) that can become clogged over time. You can replace the cartridge or buy a rebuild kit depending on the style...
by Kenkat
Fri Apr 30, 2021 12:36 pm
Forum: Personal Consumer Issues
Topic: Should I Buy An Electric Car? How Will It Work?
Replies: 64
Views: 2795

Re: Should I Buy An Electric Car? How Will It Work?

There are a number of Tesla stations on I-70 in Ohio - North of Dayton, Columbus, at I-77 / I-70 interchange and Wheeling, WV.
by Kenkat
Thu Apr 29, 2021 9:09 am
Forum: Investing - Theory, News & General
Topic: 2021 JD Power study: Vanguard ranks highest in customer satisfaction
Replies: 59
Views: 3436

Re: 2021 JD Power study: Vanguard ranks highest in customer satisfaction

Vanguard. Came for the low fees, stayed for the good enough for me service. And the low fees. Always the low fees. What fees?! If you're talking about the ERs the funds charge, you pay those same low "fees" wherever you hold VG funds. You don't have to put up with the crappy VG brokerage ...
by Kenkat
Wed Apr 28, 2021 6:53 pm
Forum: Investing - Theory, News & General
Topic: 2021 JD Power study: Vanguard ranks highest in customer satisfaction
Replies: 59
Views: 3436

Re: 2021 JD Power study: Vanguard ranks highest in customer satisfaction

And package said it would cover 5000 square feet but it only covered 500 square feet. This sounds like me with the mayonnaise jar. :wink: I never get as many sandwiches as I should from a single jar. Regards, Yeah, but 10 times too much weed killer has a much more rapid impact. :happy The weeds are...
by Kenkat
Wed Apr 28, 2021 5:39 pm
Forum: Investing - Theory, News & General
Topic: 2021 JD Power study: Vanguard ranks highest in customer satisfaction
Replies: 59
Views: 3436

Re: 2021 JD Power study: Vanguard ranks highest in customer satisfaction

Vanguard. Came for the low fees, stayed for the good enough for me service. And the low fees. Always the low fees.
by Kenkat
Wed Apr 28, 2021 5:36 pm
Forum: Investing - Theory, News & General
Topic: Explain it like I'm 5: 401K Matching
Replies: 22
Views: 1770

Re: Explain it like I'm 5: 401K Matching

Assuming that 1. your gross income is $5,000 per week, or $130,000 per year. 2. you contribute 6% 3. the match is 50%. You would contribute $300 each paycheck into your 401k account. That money is yours. Your taxable income is reduced by $300 per week, or $7,800 per year. Your employer matches this...
by Kenkat
Wed Apr 28, 2021 1:38 pm
Forum: Personal Consumer Issues
Topic: REAL ID now set to be effective May 3 2023 UPDATE
Replies: 130
Views: 10007

Re: REAL ID now set to be effective May 3 2023 UPDATE

I got mine pre-Covid, but my son got his recently now that BMV offices have re-opened in Ohio. Very simple process for us: 1) Complete acceptable document checklist on Ohio BMV site 2) Make appointment online 3) Present documents 4) Get picture taken and receive temporary license 5) Wait for permane...
by Kenkat
Wed Apr 28, 2021 1:22 pm
Forum: Personal Investments
Topic: Vanguard value index-Taxable account wisdom?
Replies: 21
Views: 1330

Re: Vanguard value index-Taxable account wisdom?

Are there any other funds (Vanguard or otherwise) that are remotely similar to VVIAX (or Russell 1000 Value) and are suitable for a taxable account? VVIAX is going to be your best bet I think; I held Windsor II for a period of time going back to the late 90s before switching to Value Index. This wa...
by Kenkat
Sun Apr 25, 2021 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Career options for a burnt out CPA
Replies: 62
Views: 5537

Re: Career options for a burnt out CPA

I started out of college at a Big 8 firm. I was there 6 years total (by which time it had become the Big 6). I was in consulting but knew a lot of the audit and tax people. The typical path people took is either try for partner or take an industry job at one of the audit clients. Since you like sale...
by Kenkat
Sun Apr 25, 2021 10:33 am
Forum: Personal Investments
Topic: Stable value fund returns
Replies: 8
Views: 481

Re: Stable value fund returns

You should be able to find a stated return somewhere in the fund materials. Mine is currently 3%; the rate is declared at the beginning of every quarter and then any investments occurring in that quarter are guaranteed to earn that rate for the next year. Once the year is up, the rate renews for the...
by Kenkat
Sun Apr 25, 2021 10:10 am
Forum: Personal Consumer Issues
Topic: Looking for best "value" in Patio Furniture
Replies: 45
Views: 3921

Re: Montego from Room & Board

Don't get steel furniture. After 2 years, it will rust . So not true. Room & Board has a great furniture line called Montego. Made with stainless steel in the USA. The wood is indestructible ipé. The cushions are Sunbrella fabric. Custom sizes. Excellent value . https://www.roomandboard.com/sea...
by Kenkat
Sun Apr 25, 2021 9:59 am
Forum: Personal Investments
Topic: Replacement for Vanguard Windsor II
Replies: 5
Views: 1189

Re: Replacement for Vanguard Windsor II

Vanguard Value Index would be the closest index equivalent. I held Windsor II for quite a long time starting in 1998. It is a good value fund overall, with relatively low expenses and low turnover. I did swap it out for Value Index a number of years ago as I no longer saw any reason to hold it over ...
by Kenkat
Sun Apr 25, 2021 9:38 am
Forum: Personal Consumer Issues
Topic: Did I get shilled on Ebay?
Replies: 49
Views: 7008

Re: Did I get shilled on Ebay?

It is possible that the $8 bidder had a maximum bid in the system and your bid simply pushed the price up over that max. This. This is how the ebay system works. There would not have been the 13 second difference from the OP’s bid at 15 seconds and the snipe at 2 seconds in this case, however. I’d ...
by Kenkat
Sat Apr 24, 2021 2:02 pm
Forum: Personal Consumer Issues
Topic: Wireless Earbuds/Headphones Recommendations?
Replies: 59
Views: 4278

Re: Wireless Earbuds/Headphones Recommendations?

Wow, lots of defensive Airpods owners in this thread! Most Airpods owners spent years listening to music with the cheesy headphones Apple (used to) bundle in with iPhones. Did you do an extensive survey on this? Were the original headphones actually made of cheese? I will never believe that's a dem...
by Kenkat
Fri Apr 23, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Where to travel with grandparents if they don’t like the beach and can’t walk too far
Replies: 54
Views: 5026

Re: Where to travel with grandparents if they don’t like the beach and can’t walk too far

I’d suggest a nice cabin / house up in the mountains with a big deck and a great view to relax and enjoy. This could be the Blue Ridge mountains of Tennessee or North Carolina or the Rockies of Colorado, Utah, Montana or Wyoming. There’s always day trips you could do from your home base to keep ever...
by Kenkat
Fri Apr 23, 2021 2:01 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

Ehh. Like I said, it is a complex argument. You should model your finances as whatever makes sense. But let me lay out my argument one more time, tailored to your concerns. You want your mortgage as a negative bond, and your house as a diversifying asset with a expected market return of 0% Mortgage...
by Kenkat
Fri Apr 23, 2021 11:12 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

Ehh. Like I said, it is a complex argument. You should model your finances as whatever makes sense. But let me lay out my argument one more time, tailored to your concerns. You want your mortgage as a negative bond, and your house as a diversifying asset with a expected market return of 0% Mortgage...
by Kenkat
Fri Apr 23, 2021 8:26 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

First, you want to compare apples to apples, and the example you are giving are not apples to apples. I, on purpose, simplified the model to just equity/bonds. And it works just fine if you assume everybody has the same size house off of the balance sheet. However, you want to include a renter vers...
by Kenkat
Thu Apr 22, 2021 4:19 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

First, you want to compare apples to apples, and the example you are giving are not apples to apples. I, on purpose, simplified the model to just equity/bonds. And it works just fine if you assume everybody has the same size house off of the balance sheet. However, you want to include a renter vers...
by Kenkat
Thu Apr 22, 2021 3:21 pm
Forum: Investing - Theory, News & General
Topic: Is Cathie Wood a bad influence to our younger generation?
Replies: 65
Views: 5632

Re: Is Cathie Wood a bad influence to our younger generation?

Isn't it the sort of thing that has to be re-learned by every generation? For example I expect GenX to join in about the star Janus managers during dotcom boom, baby boomers and Peter Lynch, etc. Well, I was going to bring up Janus, but you already did. ;) And Janus Junction, the old discussion boa...
by Kenkat
Thu Apr 22, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

But I go back to the "so what"? Are people suggesting I do a different stock/bond mix to adjust my risk? I consider investment mix 1 decision. Then, your housing and lifestyle is a different risk/cost decision. The negative bond stuff just sounds like distraction. This was the point I was...
by Kenkat
Thu Apr 22, 2021 12:27 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

First and primarily, what is the optimal asset allocation for a person? Let us keep this simple with 2 asset classes, equites and bonds. To keep things simple we are going to ignore the value of the home (real estate). Case #1: 1,000k in equites, 500k bonds, -500k mortgage. The bonds and mortgages ...
by Kenkat
Wed Apr 21, 2021 6:20 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

Would you put the mortgage in your asset allocation, Kenkat, If you do, how do you rebalance the mortgage? In summary, mortgage as a "negative bond" is a useless and dangerous idea. 1) It is useless because you cannot rebalance it in your AA. 2) It is dangerous because it understate the d...
by Kenkat
Wed Apr 21, 2021 5:16 pm
Forum: Personal Consumer Issues
Topic: Wireless Earbuds/Headphones Recommendations?
Replies: 59
Views: 4278

Re: Wireless Earbuds/Headphones Recommendations?

If you have an iPhone, I’d go with the Airpod Pros. The easy integration with Apple devices makes it worth it in my opinion. Sound is always subjective but they sound reasonably good for my use case (mostly active) and the noise cancellation is good as well. If I was looking for something to sit in ...
by Kenkat
Wed Apr 21, 2021 4:58 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortgage is a negative bond" - please help me understand

How should an inflation adjusted pension equivalent to 30% of your highest 3 years of salary be factored into your asset allocation? Is it a positive bond that would potentially offset the mortgage as a negative bond? It isn't a positive bond, but as an annuity, it gives a similar risk reduction. S...
by Kenkat
Tue Apr 20, 2021 8:34 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortage is a negative bond" - please help me understand

Thus I would instead prefer to use the phrase “your net home value is a bond.” I don't know if that's less confusing, but it's certainly less accurate. Your home isn't a bond. It's a real asset (i.e. "real estate") that does not produce a fixed amount of income. So it's not a bond. Again,...
by Kenkat
Tue Apr 20, 2021 6:19 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortage is a negative bond" - please help me understand

Another way to look at this - I am a big user of Quicken. In Quicken, the account structure is represented as such: Banking - includes checking, savings and credit card accounts Investing - includes stocks, bonds, mutual funds, etc. Property & Debt - includes mortgage, value of house and other a...
by Kenkat
Tue Apr 20, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: When is a lawyer needed for creating a will?
Replies: 24
Views: 1970

Re: When is a lawyer needed for creating a will?

I would worry about a situation where you and your wife will no longer be able to care for yourselves and need someone to act as trustee of your affairs, looking out for your interests. A will does not necessarily need to be expensive - an expense in the low four digits would be money well spent gi...
by Kenkat
Tue Apr 20, 2021 5:41 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18270

Re: "Mortage is a negative bond" - please help me understand

Shouldn’t it be: 1) 60k in TSM index fund and 40k in a Bond fund and a $40k house is the same thing as having 2) 60k in TSM index fund and 80k in a Bond fund and a mortgage balance of 40k (on a house worth $40k). I guess I’m hung up on the term “negative”. If it’s a negative bond then you need to a...
by Kenkat
Mon Apr 19, 2021 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: When is a lawyer needed for creating a will?
Replies: 24
Views: 1970

Re: When is a lawyer needed for creating a will?

I would worry about a situation where you and your wife will no longer be able to care for yourselves and need someone to act as trustee of your affairs, looking out for your interests. A will does not necessarily need to be expensive - an expense in the low four digits would be money well spent giv...
by Kenkat
Mon Apr 19, 2021 4:33 pm
Forum: Personal Consumer Issues
Topic: Please help with windows [Microsoft Windows]
Replies: 9
Views: 668

Re: Please help with windows [Microsoft Windows]

What type of hard drive do you have? Is it a traditional “spinner”? I have brought older computer back to acceptable performance by swapping out the older hard drive for a solid state drive aka SSD. It not only greatly speed disk access but it also helps Windows with memory management as it uses the...
by Kenkat
Mon Apr 19, 2021 12:18 pm
Forum: Personal Consumer Issues
Topic: Vinyl Fence
Replies: 45
Views: 3238

Re: Vinyl Fence

NorCalHiker wrote: Mon Apr 19, 2021 10:47 am Thanks for sharing! Nice job on the fence! How much do you charge? :twisted:
I need some time for the memories to fade - at the moment, it’s in the “I’m never doing that again category”! :wink:
by Kenkat
Mon Apr 19, 2021 12:13 pm
Forum: Personal Consumer Issues
Topic: Quarter round molding
Replies: 40
Views: 2742

Re: Quarter round molding

PS - Also, I am surprised to see so many with an aversion to shoe molding ... it is pretty ubiquitous with nearly any hard floor surface. Our custom build was done this way and I think it looks good overall. The drywall and baseboards went in first, then the hardwood flooring was done much later. I...