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60+ year old thread.

Discussion in 'Off-Topic Discussion' started by johneman, Jun 23, 2011.

  1. Jun 30, 2021 at 4:38 AM
    Tacoma Mike

    Tacoma Mike 48 Year Chrysler/Toyota/ASE/ Master Tech.RETIRED

    Joined:
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    First Name:
    Mike
    Southern Maine
    Vehicle:
    2011 Double Cab V6
    Large Storage Box, 02610 intermittent switch swap, "Hot Wire" Power Outlets, DRL Shut Off, Disable Fob Beep, Disable Seat Belt Buzzers, Parking Light Mod, Battery Tender, 4 Leaf Spring Pack, Rear Headrest Removal, Factory Tow Package (7 Pin) Rear Diff Mod, Taco Lean Mod, 2WD Low ECU.
    I know nothing about this investment stuff.
    I was surprised when I had to switch my 401 to a ira. They were going to charge like 50 bucks a transaction if I didn’t.
    So I did. They rattled off some good numbers on a certain plan.
    I said sure.
    So now I wait. Haven’t made a dime since I switched.
    So I was reading about their investment help and they have no repercussions if they
    Make mistakes. It’s thousands of dollars if they help me and if it’s the wrong decisions they
    Still get paid. So I lose. I have minimal savings so anything I lose it’s a big hurt. So right now
    I’m going to let it sit and after I finish with my cobra stuff for Carol I’ll start to go to school on this stuff.
    Don’t know….
     
  2. Jun 30, 2021 at 4:49 AM
    95SLE

    95SLE Starting to get cold outside

    Joined:
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    Tom
    Maryland
    Vehicle:
    09 RWD Access Cab
    Custom XM Install, Window Tint, Intermittant Wiper Install, AVS Bug Deflector, Bed Mat, TRS FX-R retrofits, CIBIE fog and spot lamps, PIAA 510 lamps, Acess LE cover, Weathertech Digital floorr mats, LED interior lighting, Pioneer AVH-2300BT HU, Boston Acoustics speakers, JL Audio Amp, shorty antenna, leather wrap steering wheel cover, Viper security system.
    I am interested in your final build thoughts. Also how you handled the permitting process with the county and city if you need a permit , which I will.

    I looked at the Costco offerings for the 14X14 offering. $1800.00 is not too expensive. The Costco offering looks to be constructed so much better than the BJ's Club offering for $1300.00. I should be in a position to purchase one next year. First I need to replace a small shed in the back yard.

    Today is a music lesson in the AM then research replacing the WIFI system. I replaced all 3 of the dumb 8 port switches yesterday. They now support the FIOS Gigabit speed. I needed a better router and I chose a Synology RT2600ac. Although this is a WIFI 5 router the cost of $111.00 on Prime Day was appealing and an inexpensive way for me to learn how to install a full featured router. There is a lot more to the install, to do the install properly, than I thought. I am more concerned with the security aspect of the router than ease of installation. I currently have a Synology NAS from 2012 and it is built like a brick out house.
     
  3. Jun 30, 2021 at 4:59 AM
    95SLE

    95SLE Starting to get cold outside

    Joined:
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    Male
    First Name:
    Tom
    Maryland
    Vehicle:
    09 RWD Access Cab
    Custom XM Install, Window Tint, Intermittant Wiper Install, AVS Bug Deflector, Bed Mat, TRS FX-R retrofits, CIBIE fog and spot lamps, PIAA 510 lamps, Acess LE cover, Weathertech Digital floorr mats, LED interior lighting, Pioneer AVH-2300BT HU, Boston Acoustics speakers, JL Audio Amp, shorty antenna, leather wrap steering wheel cover, Viper security system.
    Welcome to the club. It seems like the market is a big gamble but remember when was the last time the market dropped and did not come back past the point it dropped from, never. Timing the market is sort of foolish. The only ones that really make a lot of money are institutional investors. They always sell high and buy low. Us peons on the other hand just have to wait it out.

    I took a plunge into the managed account arena and glad I did. So far I am making 8% after fees over the last 12 years. I did purchase an annuity, from my broker, almost 10 years ago, and it has increased 100% in that time. I have two riders on the annuity that are not inexpensive. Overall I am happy. I have to start taking deductions from the annuity this December.
     
    johneman [OP], Travlr and Oldie2007 like this.
  4. Jun 30, 2021 at 6:23 AM
    Oldie2007

    Oldie2007 Well-Known Member

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    Kurt
    Lockhart, TX
    Vehicle:
    2007 Impulse Red DCSB SR5 PreRunner
    A little something every chance we get.
    :pccoffee: Good Morning Porchites! Looks like I can put away :rain:for a couple days, and mow again on Friday! Dentist and yard chores today, back to wrap up the project tomorrow.

    My son helped me with the "extra hands" part yesterday, then helped me wrap it up too. I'm not as limber as I wanted to be moving around in the bed all bent over, so it went much quicker with his help.

    20210629_120732.jpg
    20210629_150218.jpg

    We have some folks with Raymond James whose job it is to manage our retirement monies. They've weathered every storm so far with minimal losses, and always earn back what I've chosen to spend (solar, 1/2 down on the RAV) and more. They charge 1%, and I consider that low. We also have a couple smaller annuities, just to say we do. We ignore them, and let them make that 10 year money they are supposed to. :rolleyes:

    Have a great Hump Friday!
     
    95SLE, johneman [OP], wdb and 2 others like this.
  5. Jun 30, 2021 at 6:25 AM
    Travlr

    Travlr Lost in the ozone again

    Joined:
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    Middle'a Utah
    Vehicle:
    2012 Baja Series Access Cab
    I have managed my money ever since my first financial advisor told me I should buy Sunbeam... and the following day Barron Magazine came out with an article saying that Sunbeam's CEO was the most over-rated CEO in the country... and the stock immediately TANKED.

    It was a good lesson in life, and ever since I've followed my own advice and done well. But mostly in real estate, especially after 2008. So now I've sold some properties and am looking for something that is more liquid. Being out of the stock market for over ten years makes me a little nervous. I know there will be costs involved with a money handler, but I haven't the energy or resources to delve into researching every little nuance of stocks the way I once did. I'd be happy to turn some of my cash over to a competent, honest manager. The problem becomes, how to find that person. I fear they are as scarce as a good, honest dentist or mechanic.
     
  6. Jun 30, 2021 at 6:33 AM
    boatswain

    boatswain Well-Known Member

    Joined:
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    carl
    palmerton,PA.
    Vehicle:
    2018 Tacoma TRD Sport access cab, magnetic grey metallic.
    Morning all:
    Wish I could help you Mike, but can only give you a couple things to ponder!
    When the market corrects there are usually NO SACRED COWS as far as individual stocks, a portfolio can take a pounding and the only thing that someone can do then is wait for it to hopefully go up again, and remember that most mutual funds are just a basket of stocks. If you are fortunate enough to time the market and get out before a major correction, and then buy back in at a much lower price, that will make you money, lots of luck on that on a consistent basis!
    Just having money in an account paying nothing or almost nothing is a sure way to lose purchasing power due to inflation.
    There are other options such as buying rental properties, I had thought about that years ago but some of the stories I heard about tenants made me cringe, think about the owners of some of those bio hazard vehicles you worked on! :laughing:

    Good post by Travlr, I also experienced something similar!
    Wanted to buy a stock at $1.50 that had been over $100, broker advised against it, then at $13 called and recommended to buy it, shortly later the company was sold and I got $11 a share!
    That's when I decided to dump the full service broker, go with a discount broker, and live or die with my own decisions.
     
    Last edited: Jun 30, 2021
  7. Jun 30, 2021 at 7:37 AM
    roundrocktom

    roundrocktom Well-Known Member

    Joined:
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    2021 Silver DCLB Off Road
    I'm in the county. Two separate cities have annexed us over the years (requiring permits), but we sued with "annex is fine, run water and sewer lines". Too much rock, houses spread too far apart (1.5 to 5 acre lots). It never happened, so only permit required in a country septic perk testing.

    Most of the feedback on Costco is positive. Some have issues with "wood not looking good after a couple of years," but red cedar is a softwood and will need to be preserved. The full roof helps with elements, but maintenance is expected.

    I used to live in the Pacific Northwest, so used to red cedar and Thompson's water seal. Timber Seal was done annually, and no problems. Our deck (built before we move here) was too close to the dirt, so not good airflow.

    Work in progress. The 25' tall crepe myrtles dwarf the 14' sidewalls of the shop. My wife bought four little plants at the end of August in gallon pots for $2.00 each. They looked dead, but she was like, "worth a try." I planted them 5' from the wall of the shop, thinking "small bush." The shop provided a windbreak from cold Northerlies. The southern sun meant good growth. Any rain waters them.

    Trying to get sod established with 100F temperatures is a challenge. Thankfully cooler and wet for two weeks, which delays building but will help with sod.

    I still would like to modify the shed (18'x 24') into two sides. One side for yard stuff, the other side as a small cottage for cyclists traveling across the county. If you are doing a 4,000-mile bike ride it's nice to have a place to shower and relax before getting back on the road the next day.


    upload_2021-6-30_9-20-28.jpg

    upload_2021-6-30_9-22-5.jpg
     
  8. Jun 30, 2021 at 11:55 AM
    bucktales

    bucktales curmudgeon

    Joined:
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    Ct.
    Vehicle:
    2012 TRD Sport AC / 2014 FJC/ 1972 Rally Nova
    99deg/111deg heat index right now.
    Good Times! :bananadead:

     
    johneman [OP], Devious6 and Oldie2007 like this.
  9. Jun 30, 2021 at 12:46 PM
    Sprig

    Sprig Well-Known Member

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    Ken
    N. Calif. The Twilight Zone
    Vehicle:
    Tacoma TRD double cab 4x4, Barcelona Red
    Mike people like us (older, retired or close to retirement, some $$ to invest, mostly fixed income) really really need a financial adviser. I compare people like us who are not finance experts and doing their own investing to a person charged with a serious felony, know nothing about the law and decide to defend themselves in court with out an attorney. The are plenty of excellent financial advisors. You may have to interview a few to find the one that’s right for you. I would start by getting a book called The Truth About Money by Ric Edelman. It’s an easy read and will tell you everything you need to know about personal finance. It’ll even help you to find the financial advisor that best fits your needs. Ric also has a radio show that is nationally syndicated that’s on either Saturday or Sunday’s that’s very interesting and you can learn a lot from the show.
    You definitely want an advisor who is a fiduciary. The definition of a fiduciary is -A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interest ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests.
    If they do not act in your best interest and act ethically there can be legal action against them, they can be sued, and lose their job. Being a fiduciary does not mean that they are an effective advisor. You still have to find an effective advisor you like.

    Wise investing is complex and tricky. Investing on your own you can lose all or a large part of your $$ and never be able to recover. Or your money may provide poor returns so you are earning little or even sliding backwards. Then there are the tax consequences you need to be aware of. Read the book and you’ll be armed with information.
     
  10. Jun 30, 2021 at 12:51 PM
    Tacoma Mike

    Tacoma Mike 48 Year Chrysler/Toyota/ASE/ Master Tech.RETIRED

    Joined:
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    Messages:
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    Gender:
    Male
    First Name:
    Mike
    Southern Maine
    Vehicle:
    2011 Double Cab V6
    Large Storage Box, 02610 intermittent switch swap, "Hot Wire" Power Outlets, DRL Shut Off, Disable Fob Beep, Disable Seat Belt Buzzers, Parking Light Mod, Battery Tender, 4 Leaf Spring Pack, Rear Headrest Removal, Factory Tow Package (7 Pin) Rear Diff Mod, Taco Lean Mod, 2WD Low ECU.
    TY.
    Yea I’m not going to start doing that on my own.
    I’ll get more involved when things settled up here…
    It’s not losing anything. Just not gaining much..
     
  11. Jun 30, 2021 at 4:32 PM
    ImpulseRed008

    ImpulseRed008 Gone But Not Forgotten

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    Susan
    SC
    Vehicle:
    08 PreRunner SR5 V6 w/tow pkg
    OEM SS tube steps, Access LE tonneau cover, pop n'lock, AVS in-channel vent visors, stubby antenna, Wet Okole seat covers, bed mat, rear diff breather mod, 4 extra d rings in bed, K&N air filter.
  12. Jun 30, 2021 at 4:34 PM
    Tacoma Mike

    Tacoma Mike 48 Year Chrysler/Toyota/ASE/ Master Tech.RETIRED

    Joined:
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    Messages:
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    First Name:
    Mike
    Southern Maine
    Vehicle:
    2011 Double Cab V6
    Large Storage Box, 02610 intermittent switch swap, "Hot Wire" Power Outlets, DRL Shut Off, Disable Fob Beep, Disable Seat Belt Buzzers, Parking Light Mod, Battery Tender, 4 Leaf Spring Pack, Rear Headrest Removal, Factory Tow Package (7 Pin) Rear Diff Mod, Taco Lean Mod, 2WD Low ECU.
    Hi Low
     
  13. Jun 30, 2021 at 5:55 PM
    boatswain

    boatswain Well-Known Member

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    carl
    palmerton,PA.
    Vehicle:
    2018 Tacoma TRD Sport access cab, magnetic grey metallic.
    Evening Sue! :wave:
     
    Oldie2007, johneman [OP] and Devious6 like this.
  14. Jun 30, 2021 at 6:16 PM
    ImpulseRed008

    ImpulseRed008 Gone But Not Forgotten

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    Susan
    SC
    Vehicle:
    08 PreRunner SR5 V6 w/tow pkg
    OEM SS tube steps, Access LE tonneau cover, pop n'lock, AVS in-channel vent visors, stubby antenna, Wet Okole seat covers, bed mat, rear diff breather mod, 4 extra d rings in bed, K&N air filter.
    Hi Carl... how's things?
     
    Oldie2007, johneman [OP] and Devious6 like this.
  15. Jun 30, 2021 at 6:20 PM
    boatswain

    boatswain Well-Known Member

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    carl
    palmerton,PA.
    Vehicle:
    2018 Tacoma TRD Sport access cab, magnetic grey metallic.
    HOT, hunkering down for the most part.
     
  16. Jul 1, 2021 at 2:09 AM
    Devious6

    Devious6 Not your Average College President Emeritus

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    Mark
    Northeast Pennsyltuckyvania
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    Good morning, all! Cold front came through last night so we're looking at a few days of rain/showers and temps in the 70s. Rain today will give me a break from caulking the trim on the greenhouse - I'm about 2/3 finished at this point. Then I need to do the mower garage - since that only has 1 window it will be much easier than the greenhouse. Then on to painting. Retirement? What's that? :D

    Stay safe out there!!
     
  17. Jul 1, 2021 at 4:51 AM
    johneman

    johneman [OP] Life is good relaxin' on the porch!!

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    Ken
    Warwick,Bucks PA
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    Go Rhino Dominator D1 step, Extang Encore Tonneau.
    Good Morning Folks.
    I took a bit of a TW break for a few days. I have been getting a bit stir crazy with not being able to hop in the Tacoma an go (can't drive until No more drugs) when I want. I am weaning off the drugs now and with therapy starting next week I will try to keep pain under control with Xtr strngth Tylenol. For now, The only driving I have been doing is with my new set of wheels
    20210629_164837.jpg

    My wife and I have been fortunate with financial people. Or first guy was a great guy and really did well with us. Unfortunately he passed away, but he knew his days were numbered and he passed off our account to a friend of his with the threat "If you don't do right by them, I will be back to haunt you", and he has really been good. He is in contact with us regularly and keeps us updated on our finances. As it is now, we are financial stable and intend to leave as little for the kids as possible. Enjoying life (except for now until the knee heals) and spending it. Life is good.
    Have a great day folks and be safe.
     
    06Tacooo, wdb, Sprig and 6 others like this.
  18. Jul 1, 2021 at 4:55 AM
    Tacoma Mike

    Tacoma Mike 48 Year Chrysler/Toyota/ASE/ Master Tech.RETIRED

    Joined:
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    Messages:
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    Gender:
    Male
    First Name:
    Mike
    Southern Maine
    Vehicle:
    2011 Double Cab V6
    Large Storage Box, 02610 intermittent switch swap, "Hot Wire" Power Outlets, DRL Shut Off, Disable Fob Beep, Disable Seat Belt Buzzers, Parking Light Mod, Battery Tender, 4 Leaf Spring Pack, Rear Headrest Removal, Factory Tow Package (7 Pin) Rear Diff Mod, Taco Lean Mod, 2WD Low ECU.
    you need tennis balls on those legs.
    Made my ground speed higher
     
  19. Jul 1, 2021 at 5:26 AM
    taco pops

    taco pops Well-Known Member

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    Russ
    West Michigan
    Vehicle:
    2016 black SR5 Tacoma DCSB
    Side Steps, Tonneau cover
    Good morning gentlemen and Susan,

    Susan I like your post calling us boys. I am a boy feel like I am 25 and am retired . Not a bad combination. Thanks for the compliment.


    Ken, I like both sets of wheels you have. Very sleek and no wind resistance. You will be back up moving like you were 25 again. What pain killer do they have you on? If I may ask .Are you at PT 3 times per week?

    My financial advisor is someone I trust with my same values and goals. He has done me good and I have direct phone line to him and don't have to call his office all of the time. This has worked out well for us.

    Well everyone be healthy wise and stay cool and safe . Have a bang this holiday. Russ
     
  20. Jul 1, 2021 at 5:36 AM
    roundrocktom

    roundrocktom Well-Known Member

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    2021 Silver DCLB Off Road
    My Golden Retriever would look at the tennis balls with "is this an honesty test?"

    She stayed with friends in 2015; the challenge was that same month, a movie crew used their turn of the century house for filming. They used tennis balls on the equipment to protect hardwood floors; she found the box with extra balls and kept raiding them. I can see how she stole the film crew's heart.

    Photo for Susan.

    upload_2021-7-1_7-28-5.jpg
     

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