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Dan Gilbert head honcho from Quicken Loans was on CNBC this morning and was talking about this very thing. Someone with 95% LTV, minimal cash, but with a job and W2 can get a loan. Someone with 50% LTV, huge credit score, lots of assets and cash can't get approved. This isn't news, but even...

I have owned and watched preferred's for many years and still own several issues. Having lived with them through good times and bad, I've learned alot and am not nearly as uncomfortable with them as many people seem to be. Regarding your specific issue, if it's not callable till January 2018...

We've been doing the snowbird thing in FL for a few years and have been renting. It's just a personal thing, but I'm not interested in owning more real estate, so renting is the only way for us. I see renting as great value and unless you are looking to take advantage of possible price...

After thinking more about this thread and looking at the company in question, I'd say the FA may have been too quickly judged. From just some basic research, the FA may have suggested a very conservative and relatively safe income investment for his/her client. Since I don't know the OP's...

I've been a fan of preferred stocks for close to 10 years. As mentioned, they are not all created equal. If you take time to get to know and understand them, they can be a nice addition to your portfolio, but research is important. Quantum Online QuantumOnline.com Home Page is a good starting...

Not sure if I should be ashamed or not, but I always liked this song....

Just finished reading a Nelson DeMille book in which the main character was annoyed by the adding of "e's" to words in order to make them sound more elegant. His favorite was the "Olde Towne Tavern" which was basically a dumpy bar. He suggested that the government issue a limited number of...

I've got a similar situation with my next door neighbor in that he knows I'm ER and he's 69 years old and still working full-time. He's in good shape and works a fairly physical job, but doesn't retire yet because as he says "We spend alot on the grandkids." He also hints at how the stock...

Yes, that is what we did. Not sure about the paying for it you refer to, but this was simply a "Designated Beneficiary Plan" form and took care of things the way we wanted. I agree that the larger these accounts are, the more you need to pay attention to these account designations and make...

Just updated our beneficiary designation on a joint account at Schwab a few months ago. The wording on their form is: "At the death of the account holder or, in the case of a joint account, at the death of the last surviving account holder, all of the assets in the account shall be...

We also seem to be getting more picky about hotels. We travel a fair amount and have stayed in all levels of motel/hotel. When we go cheap, we're often disappointed and say "never again." A few years back, I started doing hotel rate math. I estimated how many nights per year I'd likely stay...

I've had the pleasure of flying pressurized singles - both piston and turbine - for a couple thousand hours and there's nothing like flying over the mountains and/or lots of water at FL200 or higher. Of course, more than one engine can be a comfort too. After flying at higher altitudes, flying...

Congrats on the pilot certificate. You should be proud! The insurance company knows what they are doing requiring additional training to fly that Bonanza. That's alot of airplane, so if that's your regular aircraft, fly as often as you can to keep improving your skills and don't neglect...

That Pyrex pot brings back lots of memories. My Mom used one of those all the time when I was a kid. One time, she got distracted and left the pot to boil dry. It eventually broke all over the stove. She had a new one within a week.

I can't answer your original question, but we have stayed on Pine Island (Cape Coral area) for the past two years. We seem to end up in Naples every few weeks for one thing or another. Naples is such an interesting place and Old Naples is very unique and likely more peaceful than staying in a...

Couldn't agree more. DW and I listened to that song on Tuesday and both were cringing and thought that was the end for PP. We were shocked at the judges response. Makes no sense to me, but I guess the young female vote is pretty powerful.

Lots of church camp for me as a kid. Attended and then worked for two years as an early teen. Lots of good memories. Met my first "true love" there when I was 14. Got in trouble for staying out after curfew. Need I say more?

Way back when, I managed to end up with quite a nice career, without a college degree. That'd be nearly impossible these days. I like where I'm at now, with our current finances.

Watch out for the Bang Bang Shrimp at Bonefish Grille. It's tasty and addicting.

I'm interested in this comment. I take that to mean less time watching, reading, studying, calculating, etc. financial issues and move toward "full auto" investing so you can focus on life rather than accumulating wealth, etc. If that was the point, that is something I need to work on. It's a...

I like that even better. Let me work on that...

Neither. They come out of the attic and get set up just like last year!

Ah yes, one of my favorites. Sure lived a long life. Good for him.

Good video. I get lots of pleasure from regularly cleaning areas used for “long-term” storage. Have been on cleaning/throwing binge for the the past few months and feel better for it. Living in an apartment for five years after getting married, we moved to a “starter” twin home and figured...

Have always been with Schwab. They offer everything you'll need and their customer service is outstanding. Never a complaint.