Recent content by jerome len

  1. J

    Compact SUVs

    I'd look at Chevy Equinox or Chevy Trax.....My Equinox was totaled by a car that hit it while stopped at about 35 mph......4 teenagers in the Equinox, no one hurt.....could not believe how safe the SUV was.
  2. J

    Is purchasing physical metals (Gold, Platinum, Silver) ever a good idea?

    I've been buying gold since it was $300 an ounce......I've never sold any gold.....ever. Now I give my kids an ounce of gold each Christmas; my grandchildren 2 ounces of silver. My reason? Look at the world and all the chaos.....and if they don't need it.....I ask them to pass it on to their...
  3. J

    January was a real kick in the teeth!

    As as you have cash for a couple years living expenses can live off if dividends/interest you are ok. And, if you're still working the market may go lower but it always comes back. I'm relaxed my dividends/interest exceed my living expenses
  4. J

    Your favorite vanguard funds?

    Money Magazine pointed out recently that you only need two funds.....total stock and total bond.......now I like using balanced funds...tax exempt if you are high income.....low costs, purely index funds.... don't need any managers....then, if you have bunch or money or time you can look...
  5. J

    52 w/special need son, considering retiring at 55 under 'Age 55 Rule'

    I have a grandson with Downs Syndrome and have set up a special needs trust which will assist him beyond your lifetime. Most times the government will give assistance provided the special needs person doesn't have personal wealth. The special needs trust, if set up properly, will use its funds...
  6. J

    Poll: How Will You Do Your 2015 Taxes?

    I have a CPA that does my taxes each year......the closest you have "I hire someone or family friend does them".......I do hire someone BUT NEVER would I have a family friend do them!
  7. J

    Car side-swiped and insurance issues

    I'd call YOUR insurance company.....they should handle everything.....their adjusters get special rates, work with the other individuals insurance company......if you don't get the cash you need today.......call your insurance immediately......and, if you're not happy with the body shop's...
  8. J

    Set up accounts as gift location for kids?

    The key point is TRUST. Do you trust your kids to do their "right thing" with the money? Just give them the money, explain how you would like it used or saved and trust them to do it. It sounds like you're good parents with good kids.......I'm the same and feel very lucky.
  9. J

    To pull or not to pull?

    Check your 401k to see how much you can borrow......it may be less than what you need for your home down payment.....then, you pay yourself interest while you pay the 401k back.....higher interest than available elsewhere but, again, you pay it to yourself. IF you're stay in the home for...
  10. J

    Poll:What type of millionaire are you?

    The real question is how many millions you have.......a person with fifty million will always have a different answer than one that just achieved their 1st million.......the real question is if you're a millionaire, how many million do you have?
  11. J

    Do Non Dealer Repair Shops Stock Car Specific Fluids?

    You may have problems.....I know people that did..............a repair shop changed to a non brake fluid......stupid mistake.......if you go back for warranty work and the repair shop didn't do it correctly.....no warranty.....friend had to pay thousands of dollars for new...
  12. J

    Selling House FSBO?

    If you were the realtor where would you take prospective buyers to earn the most money? Having said that, a sign on your home may be the area where a buyer feels most comfortable.....near friends, family, ......and you may get lucky. There is no single answer....Sorry you're unhappy with your...
  13. J

    Good back tester that includes rebalancing

    I use vanguard total stock, some mid cap and very little international. I just started using the Vanguard municipal bond ETF.......we'll see what happens. I look at 5 and 10 year average returns.........they've worked best for me over the years. Good Luck
  14. J

    Sell car privately or to dealer?

    this post shows a lot of different experiences.......a lot of buyers are bottom feeders....they want to steal a car......many used cars for sale by owner have more owed on the car than it is worth....they want you to "take over payments" So.....if you have a nice car, as was stated on this post...
  15. J

    "He works at Infidelity Investments"

    thanksgiving could not have been better! DW and I cooked for 5, DD who visited inlaws .....big family, shared dinner with 54. We enjoyed food, conversation, talked about "old days" when grandparents lived differently.....talked about saving money, after the depression in envelopes.....coming to...
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