Ormode

Comments:

• Nowadays, even the value stocks are picked over. You can't buy a good company at 10 times earnings with a 4% dividend, because none are available. For me, this signals that investors shouldn't be buying right now. This situation definitely won't last forever.

  Post: Growth Isn’t Enough

  Link to comment from September 16, 2024

• "Significant support" is not the same thing as "round the clock care". If you still have all your marbles and have trouble getting out, but can still limp around your place, then a daily carer is quite affordable. If you really need 24-hour care, then you should be in a nursing home.

  Post: How would you prepare for the staggering cost of in-home care if you ever need it?

  Link to comment from September 10, 2024

• This falls into the category of we'll never know. The pigments used, and the canvas, would be the same. As an art collector, I see many people are willing to pay a lot of a name painting, even if it is terrible. A tiny Renoir, 6 by 4 inches, nothing great, went for $104K plus premium because it's a Renoir. My own preference is to buy the best painting by a second or third tier artist, rather than the worst of a famous one.

  Post: Rembrandt or Not?

  Link to comment from September 10, 2024

• Yeah, that's about right. The main thing is to estimate taxes for 2024, and pay them. I do that by taking withdrawals from inherited IRAs and withholding 100%, usually I have to take slightly over the RMDs. Spending for the currently year is analyzed on a continuous basis. I'm a little over budget right now, but since my budget is 30% of income, that is not really a problem. One thing to do is check for IRMAA cliffs. Right now, I'm kind of close to the third cliff, although it's hard to predict what the number might be in 2026.

  Post: Year end action items?

  Link to comment from August 31, 2024

• I need some of my dividends to pay living expenses. Sure, I could go 100% cash, but I'd have huge capital gains and the 5% you can get on cash might soon disappear.

  Post: Staying the Course by Jonathan Clements

  Link to comment from August 6, 2024

• He is surprising open for a shady actor: Registrant Name: Hayk Karapetyan Registrant Organization: Registrant Street: Bagratunyac 40/1-1 Registrant City: Yerevan Registrant Country: AM Registrant Phone: +374.91487188 Registrant Fax: Registrant Email: Hayk_Karapetyan@hotmail.com Of course, all that info could be completely fake. You never really know on the internet!

  Post: How to protect your retirement savings from scammers?

  Link to comment from July 30, 2024

• Well, are you trying to minimize your income for tax purposes, or do you need to maximize it so you have enough money to live on? That is a very important consideration.

  Post: When should you claim Social Security retirement benefits—and why?

  Link to comment from July 25, 2024

• I'm at Fidelity because the owner has earned my trust. It's not like they report to millions of stockholders, so she can operate the company without caring about short-term profits.

  Post: Vanguard vs. Fidelity: When First Class Is Cheaper than Economy by Steve Abramowitz

  Link to comment from July 25, 2024

• During the downturn in 2008-9, and in 2020, nearly all my dividend stocks continued to pay. Yes, some banks stopped paying in 2008-9, but I acted quickly and sold off all bank and financial stocks. I used the money to buy good dividend stocks at rock-bottom prices. So my income from investments was higher than ever. I was still working in 2008-9, but I retired in 2014.

  Post: Perils of market downturns early in retirement 

  Link to comment from July 22, 2024

• I watch storage unit buyer videos on YouTube - Locker Nuts, Second Cents, Treasure Hunting with Jebus, Wade's Ventures. You wouldn't believe the stuff people store. We're talking 10 x 20 units packed to brim. Presumably, they also have a house full of stuff as well. You see boxes full of junk mail, empty bottles, old clothes, newspapers and magazines, etc. Of course the buyers are looking for jewellery, money, and video games, which they often find.

  Post: Clear evidence Americans spend too much‼️

  Link to comment from July 15, 2024