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Are you changing your behavior in response to current events? - Page 15

post #421 of 432
8/19/09 at 9:40am
Mike,

I've advertised other items for months (years?) on this Forum that IMO are much more valuable to my wife and I than money. :)

But since you asked, we have several guns in our home for our protection.  And there is a dog that would tear anyone apart whom he does not know if we were not there to warn an intruder. I think we're safe. :)
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post #422 of 432
8/19/09 at 9:44am
Okay.  I'll breathe easier now. 


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post #423 of 432
8/19/09 at 9:45am


Quote:
Originally Posted by Mike Frezon View Post

Okay.  I'll breathe easier now. 

 

Mike,

I just sent you a PM -- with cash. ;)

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post #424 of 432
8/19/09 at 9:55am


Quote:
Originally Posted by Ockeghem View Post

Mike,

I just sent you a PM -- with cash. ;)
 

Sorry, I only accept PayPal (from "verified" members)! 

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post #425 of 432
8/19/09 at 11:55am
Thread Starter 

Quote:
Originally Posted by Mike Frezon View Post

But, Scott, is it smart to be advertising such with your name and state in plain view on a widely-read internet forum?!? 

Maybe I'm being too much of a worrywart.

Perhaps, but others before have detailed their vast media collections, their expensive computer setups, and given good indications of overall affluence.
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post #426 of 432
8/19/09 at 11:59am
And...I've also read horror stories from members here about burglaries in which good portions of their "stuff" (some irreplaceable) is gone when they return home.  I always wonder. 
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post #427 of 432
8/19/09 at 1:16pm
Did someone mention home burglaries?

Don't skimp on home insurance!  
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post #428 of 432
8/19/09 at 1:58pm
Speak of the devil!

Your ears must've been burning...
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post #429 of 432
8/19/09 at 3:33pm


Quote:
Originally Posted by DaveF View Post



Perhaps, but others before have detailed their vast media collections, their expensive computer setups, and given good indications of overall affluence.
 

Still, I would be lying if I said I wasn't a tad concerned when I look at your avatar.

LOL. ;)  (BTW, where is that wink emoticon?)
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post #430 of 432
8/21/09 at 2:52pm
Quote:
Originally Posted by DaveF View Post

I'll add I too buy what I can pay for, only with a credit card. I don't like using cash; I can't track it and I don't want to carry large sums in my wallet. Keeping everything on credit card enables us to track our expenses and monitor the budget.
I'm the same way. I used to be cash only, but when I lived in Boston for three years a cash-based existence was virtually impossible because so much of the daily necessities are completely automated in the city now. I don't like debit cards because of the risk of identity theft; there's no intermediary between you and the scammer like there is with credit cards. To keep things from getting out of control, I prevent myself from charging anything for the following month if I carry a balance after paying the bill. I hate interest.

However, it sound like Scott's family has had problems with credit cards and debt. If that's the case, I suppose it's like alcoholics and A.A.; once you hop on the bandwagon, you can never have another drink/credit card again.

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post #431 of 432
8/21/09 at 4:18pm


Quote:
Originally Posted by Todd Hochard View Post

Quote:
Originally Posted by DaveF
Won't the "rules" remain the same: buy index funds, use sensible asset allocation, think long term, and don't try to actively beat the market?
Those rules applied over the last ten years have netted a 16% return in the S&P. That's 16% total in 10 years, not per annum. You would have gotten better rates from a bank CD, or an ING Direct savings account.

Ask me how I know.
Couple that with reasonable rebalance and diverse allocation and the return is MUCH better..   If all you want to consider is equity; I'm more interested in what they will do more so than what they have done - and considering we are on the backside of a global near-meltdown of historic proportion - the fact equities are up at all is quite impressive.   Not every 10 years has had positive performance, but every 20 has...  Reversion to the mean is a powerful force...

Meanwhile there are intelligent ways to hedge your retirement nest-egg so that the risk is further mitigated...  but that something best left for your financial advisor to explain...

Or you could get a 2% CD and net 16% in 8 years...   2 sooner than the worst 10 year period stocks have done in your lifetime...   :)

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post #432 of 432
8/21/09 at 4:23pm
Thread Starter 


Quote:
Originally Posted by Eric_L View Post

Couple that with reasonable rebalance and diverse allocation and the return is MUCH better..  
Rebalancing: a late addition to my financial knowledge. It will be an important part of all future plans.

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