Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-18-2013, 07:46 AM   #61
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
Quote:
Originally Posted by oldtrig View Post
guess a lot of baby boomer's are taking money out of the mattress with the economy doing better

You are kidding ? Where is the economy getting better? Not where I live unless you think $8.00 an hour jobs is progress. This baby boomer (1947) is still sticking with cash. I will stay as far away from the stock market as I can. Its just a matter of time before a correction and I think most know that. oldtrig

The market's treated me pretty well so far this year....index funds only.
__________________

__________________
martyb is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-18-2013, 07:55 AM   #62
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
Quote:
Originally Posted by NW-Bound View Post
Back on Garp and his home, the occurrence of a future hapless pilot would not have any relationship to the current one, so his thinking that the home has been "predisastered" would be false.

But if his home is in the approach path to an airport, then perhaps that accident might even be foretelling of more to come.
I posted that clip intending it as humor - which was the intention of that clip in the original movie. You do realize that I hope NW-Bound?
__________________

__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 08-18-2013, 11:28 AM   #63
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,401
Yes, I did. That scene was funny.

But at the same time, I tried to remind other readers that the "predisastered" logic can work in economic situations.

Immediately after the housing burst, people were so disheartened that they would not consider buying a home, even if they needed one, and could afford one, and the price was so right. I talked my daughter into it, and she bought her 1st home with the same monthly payment as she would pay for apartment rent. Her short-sales home was "predisastered". And it helped that we gave her essentially some inheritance money up-front with cash gift for the big down-payment.

PS. Just checked on Zillow. The estimate on her home is now almost 2.4X what she paid. Even though that is still below what the previous owner paid in 2008, I think it is too optimistic. However, other homes that are not as nice as hers are being listed for 2X what she paid. So, she is deep in the money.

PPS. If it weren't for the fact that we already had two homes, I would have bought with cash another home near my daughter's to save as a place for potential retirement downsizing. I could also flip that easily now 2.5 years after, for a tidy profit.
__________________
NW-Bound is offline   Reply With Quote
Old 08-18-2013, 12:22 PM   #64
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
Quote:
Originally Posted by NW-Bound View Post
Yes, I did. That scene was funny.
I figured you probably did. Just checking - I should know you by now!
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 08-18-2013, 02:31 PM   #65
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,264
OFF-TOPIC WELL PUMP NOTE:
Quote:
Originally Posted by REWahoo View Post
+1

We would welcome a flood.

I've been pumping water from our well to the new neighbors across the road. The water table dropped below the level of his pump two days ago and his submersible pump burned up. He'll find out when they try to pull it next week if he can get away with a new pump set to a lower level (~$5,000) or if his pump is fused in the well requiring he drill a new one (~$25,000).

They bought the place last month and are wondering why...
I'd suggest a controller that shuts the pump off when it goes dry. IIRC, they are just a low-pressure switch with a time delay. If the pump is running and the pressure isn't increasing after a minute, it shuts down until you reset it.

Cheap insurance.

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 08-18-2013, 02:55 PM   #66
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Quote:
Originally Posted by ERD50 View Post
OFF-TOPIC WELL PUMP NOTE:

I'd suggest a controller that shuts the pump off when it goes dry. IIRC, they are just a low-pressure switch with a time delay. If the pump is running and the pressure isn't increasing after a minute, it shuts down until you reset it.

Cheap insurance.
I have one and with all the well problems in the area I strongly suggested to both the new neighbor and his spouse a couple of weeks ago that they have one installed - they didn't.

The device, known as a 'pump saver', measures the power used by the submersible pump in the well:

Quote:
A proprietary microcontroller based voltage, power factor and current-sensing circuit constantly monitors for power fluctuations, overcurrent and underload conditions. When an abnormality, such as loss of suction, is detected, the PumpSaverPlus deactivates its output relay and directly disconnects the pump motor. The PumpSaverŪPlus then begins its user-selectable “Restart Delay” (dry-well recovery) timer. When the timer expires or power is removed and reapplied, the PumpSaverŪPlus reactivates its output relay and turns the pump back on.
FWIW, the pump saver monitors the submersible pump that fills my storage tank. I do have a controller that cuts off the above ground pressure pump if it senses a drop in pressure below 20 psi. The pump saver resets itself but this one has to be manually reset if it trips.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 08-18-2013, 03:19 PM   #67
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,264
Quote:
Originally Posted by REWahoo View Post
I have one and with all the well problems in the area I strongly suggested to both the new neighbor and his spouse a couple of weeks ago that they have one installed - they didn't. ....
You can lead a horse to.... wait, not if your well has gone dry!

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 08-18-2013, 04:10 PM   #68
Full time employment: Posting here.
 
Join Date: Jan 2013
Posts: 660
In my view Wellington is too much of a generic balanced fund (albeit one with a sterling reputation) to ever permanently close to all new investors. Vanguard says that the current restrictions are simply to slow $$ inflows, and I guess I believe them.

I've been a Wellington investor long enough to remember one other time when Vanguard put restrictions on new money. If memory serves, they temporarily closed it to all new investors and then rather quickly reopened it, but with a $10,000 minimum on investor class shares. I see that the minimum is now $3,000, so they must have eliminated the $10,000 minimum at some point when I wasn't paying attention.
__________________
karluk is offline   Reply With Quote
Old 08-20-2013, 11:03 AM   #69
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 109
Quote:
Originally Posted by martyb View Post
The market's treated me pretty well so far this year....index funds only.
I tried getting into Wellington through Fidelity and it was indeed closed to me. So I bought Tesla Motors and Pandora Media instead.
__________________

__________________
Gazingus is offline   Reply With Quote
Reply

Tags
wellington


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:44 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.