Search found 185 matches

by Cyclone
Wed Aug 26, 2015 4:27 pm
Forum: Personal Consumer Issues
Topic: Siblings sharing a room until what age?
Replies: 15
Views: 1593

Re: Siblings sharing a room until what age?

[Response to OT comment removed by admin LadyGeek]
by Cyclone
Sat Aug 15, 2015 3:16 pm
Forum: Personal Consumer Issues
Topic: Maximizing space in a small house
Replies: 39
Views: 3498

Re: Maximizing space in a small house

A recent issue of Better Homes and Gardens had a lot of ideas for small homes. I'm not sure if it was the August or September issue.
by Cyclone
Sat Aug 15, 2015 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 658

Re: Refinance Advice - Getting rid of PMI

M&T may be servicing your loan even though it was sold to Fannie or Freddie. I believe your PMI should be canceling automatically when your loan balance goes below $109,600, if I remember the regulations correctly. Unless you have had a lot of appreciation you probably aren't close to 80 percent...
by Cyclone
Sat Aug 15, 2015 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 658

Re: Refinance Advice - Getting rid of PMI

Unfortunately, the answer can get complicated. Would you know if your loan was sold to Fannie Mae or Freddie Mac? There is another set of rules for those loans. These days most of the time PMI is set to cancel automatically at a certain point. You should have received disclosures about that when you...
by Cyclone
Wed Aug 05, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6049

Re: Chase asking for liquid net worth, total net worth...

I work in a bank. They are asking about where your money comes from to determine if you are someone who might be laundering money. If you own a convenience store it might be reasonable that you would make large cash deposits. If your only income is from a salary, then large cash deposits could be su...
by Cyclone
Sun Jun 21, 2015 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investing 11 Million Dollar Gift
Replies: 80
Views: 12604

Re: Investing 11 Million Dollar Gift

For investing, I don't think anyone has mentioned Schwab Intelligent Portfolios yet. No advisory fees, they determine your allocation and then rebalance for you. Just set it and forget it. To make it easier set up a checking account with Charles Schwab Bank for spending, then just transfer money the...
by Cyclone
Fri Jun 12, 2015 5:37 pm
Forum: Personal Consumer Issues
Topic: Which is a best place to start learning yoga?
Replies: 31
Views: 3190

Re: Which is a best place to start learning yoga?

I have been doing yoga for about six years and all my classes have been at LA Fitness. They have always asked in the class if anyone is a beginner. As others have said, yoga is not a competition so feel free to skip something if it is too difficult. They always say you can do something called the &q...
by Cyclone
Fri Jun 05, 2015 12:52 am
Forum: Investing - Theory, News & General
Topic: FDIC CD rate caps?
Replies: 9
Views: 1451

Re: FDIC CD rate caps?

You are making it complicated, and it isn't something a consumer has to worry about anyway. If a bank is not well-capitalized, their deposit rates cannot be above a certain rate. If you aren't happy with the rate a bank offers, use another bank. As far as safety, if your deposit is under $250,000 th...
by Cyclone
Sun Feb 01, 2015 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Are Checking Accounts National?
Replies: 13
Views: 1218

Re: Are Checking Accounts National?

By the way, once you move, don't say "out here". As in "Out here, I notice that people eat more ice cream." It's just "here". :D
by Cyclone
Thu Jan 08, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best online checking account
Replies: 52
Views: 6073

Re: Best online checking account

I looked into the Fidelity cash management account, but I wasn't comfortable with it. Is it a bank account, a brokerage account, or what? So I decided to go with Charles Schwab Bank, because it is a real bank. If I have a problem with my direct deposit, for example, I know that Charles Schwab Bank i...
by Cyclone
Sat Oct 25, 2014 3:05 pm
Forum: Investing - Theory, News & General
Topic: Barron's on Schwab [CEO prefers Indexing for 401ks]
Replies: 16
Views: 2751

Re: Barrons article...Charles Schwab company

I am a Charles Schwab customer, and I thought it was a good article as well. I read it for free by going to Google News and searching for "inside Schwab".
by Cyclone
Tue Sep 16, 2014 11:39 pm
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 73
Views: 4070

Re: Good hobby for a bright/obsessive 9 year old?

I also vote for sailing and Go, although those have already been suggested.

I would also suggest poker, believe it or not. There are many websites where you use play money and aren't really gambling. You can learn about math, human nature, all kinds of things.
by Cyclone
Wed Sep 10, 2014 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Closing My Account With No Reason Given
Replies: 38
Views: 4502

Re: Bank Closing My Account With No Reason Given

The bank, in the interest of offering good customer service, could have contacted you to ask why you are doing these mysterious wire transfers. Then they could have documented your file with an explanation so that their examiners could see that they are on top of it. Instead they took the lazy route...
by Cyclone
Wed Sep 10, 2014 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Bank Closing My Account With No Reason Given
Replies: 38
Views: 4502

Re: Bank Closing My Account With No Reason Given

I work in a bank, and my best guess is that the bank suspects money laundering. Here are guidelines that bankers are supposed to follow for red flags: (this is from the Federal Financial Institutions Examination Council Bank Secrecy Act / Anti-Money Laundering Examination Manual, Appendix F if anyon...
by Cyclone
Sun Oct 27, 2013 7:54 pm
Forum: Investing - Theory, News & General
Topic: CPI - u calculation changed?
Replies: 19
Views: 1318

Re: CPI - u calculation changed?

But I still don't get the owl thing.
by Cyclone
Sat Oct 26, 2013 12:46 pm
Forum: Investing - Theory, News & General
Topic: CPI - u calculation changed?
Replies: 19
Views: 1318

CPI - u calculation changed?

At least according to this website, the calculation has changed:

http://www.shadowstats.com/alternate_da ... ion-charts
by Cyclone
Sat Oct 26, 2013 10:57 am
Forum: Personal Consumer Issues
Topic: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts
Replies: 42
Views: 12228

Re: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts

This weekend Joseph A Bank is having a sale at their website. Almost everything is 70 percent off, with free shipping if you buy over $50. The Signature wrinkle-free shirts are $40.50. I bought my father's Christmas present, and something for myself.
by Cyclone
Sun Oct 06, 2013 1:06 pm
Forum: Personal Consumer Issues
Topic: Suggestions for a new printer?
Replies: 16
Views: 1392

Re: Suggestions for a new printer?

Several years ago I called Canon about a similar problem, and I needed a new printer head for an obsolete printer. They directed me to a special loyalty website for existing customers, and I found a new one there that I am very happy with.
by Cyclone
Sun Oct 06, 2013 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Grandma has way over FDIC limit. What to do.
Replies: 40
Views: 4253

Re: Grandma has way over FDIC limit. What to do.

A bank should be reluctant to help a customer restructure their accounts to maximize FDIC insurance. If the bank is wrong and the person is not covered, there could be liability. I was a bank examiner myself, and it is very common for banks to have uncovered deposits. It's not that difficult to look...
by Cyclone
Sun Sep 29, 2013 3:58 pm
Forum: Forum Issues and Administration
Topic: Main Bogleheads.org Website Not Working?
Replies: 10
Views: 3326

Re: Main Bogleheads.org Website Not Working?

Thanks everyone for the help. Why, yes I am a U-verse customer, and that is my modem. I will try some of those fixes. I have been happy with the U-verse service until this, but at least I think I can figure out a solution. And apparently I am not going crazy (yet).
by Cyclone
Sat Sep 28, 2013 11:13 pm
Forum: Forum Issues and Administration
Topic: Main Bogleheads.org Website Not Working?
Replies: 10
Views: 3326

Re: Main Bogleheads.org Website Not Working?

Here is what I get: <!-- BH Logo --> <div id="site-description"> <!-- ./ includes trailing slash --> <a href="http://www.bogleheads.org" title="Bogleheads home" id="logo"><img src="./images/icon_Bogleheads_52x52.png" border="0"></a> <h1><a ...
by Cyclone
Sat Sep 28, 2013 10:21 pm
Forum: Forum Issues and Administration
Topic: Main Bogleheads.org Website Not Working?
Replies: 10
Views: 3326

Re: Main Bogleheads.org Website Not Working?

If I click on that "compass" or logo in the upper left corner ("Bogleheads home"), it jumps to this:
http://www.bogleheads.org/cgi-bin/redirect.ha

That is using Chrome. With Internet Explorer it works fine for me.
by Cyclone
Sat Sep 28, 2013 12:03 pm
Forum: Forum Issues and Administration
Topic: Main Bogleheads.org Website Not Working?
Replies: 10
Views: 3326

Main Bogleheads.org Website Not Working?

When I try to go to the main Bogleheads.org website I get a message, "The requested URL is not found on this server." Does that happen to anyone else? I can go to any other website with no problem.
by Cyclone
Sat Sep 21, 2013 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help! uh oh Parents bought me whole life insurance...
Replies: 30
Views: 3238

Re: Help! uh oh Parents bought me whole life insurance...

My parents bought a life insurance policy for me when I was born. It was supposed to pay my college expenses, and was worth a whopping $1000 when I graduated from high school in 1981. That money didn't go very far.
by Cyclone
Sat Sep 21, 2013 4:07 pm
Forum: Personal Consumer Issues
Topic: Best deals on gyms
Replies: 40
Views: 2968

Re: Best deals on gyms

This probably isn't the lowest-cost option, but my wife and I belong to an LA Fitness Signature club. It is $40 a month each, but it takes us only about a minute to walk there and we save a lot on gas and time. We take advantage of the classes, which are "free" (no additional cost). The Si...
by Cyclone
Sat Sep 21, 2013 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 617474

Re: best cash back credit card

My wife received a letter yesterday about "exciting new changes" coming to the rewards program with her Capital One card. It used to be 2 percent cash back on "travel-related purchases", and 1 percent on everything else. Now it is 1 percent on everything! Isn't that exciting!? Pe...
by Cyclone
Fri Sep 06, 2013 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help switching Insurance - anyone use Geico??
Replies: 30
Views: 2638

Re: Help switching Insurance - anyone use Geico??

I had a very bad experience were the other party was at fault and was insured by GEICO. They dragged their feet on paying me for a year even after an arbitrator ruled against them. Nothing but a bunch of crooks in my opinion. State Farm, too. Farmers was good, though. Personally I use 21st Century (...
by Cyclone
Sun Sep 01, 2013 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much should remain in liquid savings after buying a home
Replies: 23
Views: 2641

Re: How much should remain in liquid savings after buying a

The Fannie Mae underwriting guidelines generally require six months of loan payments in reserve, so that is what most lenders are going to look for.
by Cyclone
Sat Aug 31, 2013 11:57 am
Forum: Personal Finance (Not Investing)
Topic: FDIC explained? Maximum possible FDIC for a couple per bank
Replies: 20
Views: 1731

Re: FDIC explained? Maximum possible FDIC for a couple per

Large depositors (such as a state or county) have the bank pledge collateral such as a Treasury bill against their deposit. I don't know if banks would do that for individuals.
by Cyclone
Sat Aug 31, 2013 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 2198

Re: Can I get the bank to allow me to rent out my place?

Believe it or not, banks do check (or at least they are supposed to). That is one of my responsibilities at the bank where I work. I don't do a rental inspection. I review if the customer's mailing address has changed to another location, or if the type of insurance policy has changed. For example, ...
by Cyclone
Tue Aug 27, 2013 10:04 pm
Forum: Personal Consumer Issues
Topic: Leaving Office and iWork for Google
Replies: 21
Views: 1702

Re: Leaving Office and iWork for Google

Are documents created in Google Docs compatible with Word?
by Cyclone
Mon Aug 12, 2013 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 136
Views: 12914

Re: Does a home mortgage use Simple or Compund Interest?

I don't know if this will answer the question or make things worse. I was back at work at my bank today, and I looked into the loan profiles of our home mortgage loans. These are ordinary fixed-rate, Fannie Mae loans. There are four choices for the interest method in our data system: amortize, compo...
by Cyclone
Thu Aug 08, 2013 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Transferring cash to the US for green card resident
Replies: 8
Views: 472

Re: Transferring cash to the US for green card resident

I think you may be getting confused. CURRENCY (green pieces of paper) transactions over $10,000 into or out of a US bank account are reported. Wire transfers are not. Is that your worry?
by Cyclone
Thu Aug 08, 2013 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Transferring cash to the US for green card resident
Replies: 8
Views: 472

Re: Transferring cash to the US for green card resident

I assume you are talking about a wire transfer, and not actual "cash"? I don't know of any problem offhand. If she pays income tax in the US, this might be taxable.
by Cyclone
Wed Aug 07, 2013 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Threat of losing Car Insurance after one accident
Replies: 21
Views: 1827

Re: Threat of losing Car Insurance after one accident

A new insurance company is going to ask if the driver had any accidents during a previous number of years, and the answer will truthfully have to be "yes", so I don't see the point of trying to switch insurance companies at this point.
by Cyclone
Tue Aug 06, 2013 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 136
Views: 12914

Re: Does a home mortgage use Simple or Compund Interest?

I don't know what you call it, but I know it isn't simple interest. I work in a bank, and one of my jobs is to make sure the new home mortgage loans are NOT set to simple interest. What this means is that I make sure the little box in front of the simple interest box is not checked in the loan's pro...
by Cyclone
Sat Aug 03, 2013 2:55 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 675
Views: 425121

Re: JonoJono1: Improve, Revise, Update, Debug Simba's Backte

I have been playing with the compatible version using LibreOffice, and it seems to be working fine.
by Cyclone
Thu Aug 01, 2013 10:08 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 6819

Re: Why can't I get a "demand account" at Vanguard?

Maybe a little off topic (but then I'm not clear what the topic is), but Charles Schwab Bank is not some tiny operation. It's the 20th largest bank (or rather bank holding company):
http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx
by Cyclone
Tue Jul 30, 2013 10:45 pm
Forum: Personal Consumer Issues
Topic: Seeking alternatives to hotels or extended stays
Replies: 20
Views: 1579

Re: Seeking alternatives to hotels or extended stays

How can somebody talk about food in Cincinnati and forget about the chili? I liked Gold Star better than Skyline, but everyone has their own opinion. I think the best flavor at Graeter's is mocha chip. Waffle House can be fun too, if they don't have them where you live now.
by Cyclone
Sat Jul 13, 2013 12:44 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 675
Views: 425121

Re: Spreadsheet for backtesting (includes TrevH's data)

I am hoping that somebody with ambition can update the LibreOffice version. I love the spreadsheet but I don't have the skills to update it.
by Cyclone
Thu Jul 04, 2013 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pen Fed 5 year equity loan. Weird!
Replies: 24
Views: 2671

Re: Pen Fed 5 year equity loan. Weird!

Obviously they only have a partial understanding of the regulations. She is right that the cost of the appraisal has to be on the GFE even if the lender is paying the appraisal fee. But it should not be on the GFE if there will be no appraisal at all. The GFE has to list all fees known to the lender...
by Cyclone
Sun Jun 23, 2013 12:44 pm
Forum: Personal Consumer Issues
Topic: "Why yes, yes I am."
Replies: 39
Views: 6876

Re: "Why yes, yes I am."

Perhaps the girlfriend was saying that between paying for student loans and rent in a high-cost area, it is extremely difficult to have money left over for savings. That wouldn't be an entirely unreasonable thing to say.
by Cyclone
Tue Jun 11, 2013 11:31 pm
Forum: Personal Consumer Issues
Topic: Covered parking
Replies: 8
Views: 1048

Re: Covered parking

I don't think it's just the paint. I lived in Phoenix for six years, and all of the car's parts seemed to get damaged from the heat (especially the battery). I wish covered parking was available in the complex where I lived and maybe my poor Honda would have lasted longer.
by Cyclone
Fri May 31, 2013 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Is it important to establish a credit history? If so, how?
Replies: 18
Views: 1014

Re: Is it important to establish a credit history? If so, h

I was thinking of renting a car with CASH. Now that is nearly impossible. A debit card will work but can be awkward if you have an accident.
by Cyclone
Wed May 29, 2013 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Frustration with Ally Bank
Replies: 26
Views: 5861

Re: Frustration with Ally Bank

To clarify the Patriot Act rules, yes banks must confirm your identity when you are a NEW customer. For an existing customer opening additional accounts they do not. This is simply Ally's overcautious policy for some reason.
by Cyclone
Wed May 29, 2013 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is it important to establish a credit history? If so, how?
Replies: 18
Views: 1014

Re: Is it important to establish a credit history? If so, h

It is nearly impossible to rent a car without a credit card. Come on, join the rest of us and get some cards. There are plenty out there with no annual fee and no interest if you pay every month.
by Cyclone
Fri May 10, 2013 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Small Loan Refi Suggestions. Please!!!
Replies: 18
Views: 746

Re: Small Loan Refi Suggestions. Please!!!

Do you live in the Boston, Miami, or Los Angeles areas? I know that the bank where I work will make a loan for that amount. You could try reminding Penfed and the others that under the fair lending laws they are required to serve everyone. I know of banks that have been hit with enforcement actions ...
by Cyclone
Sun May 05, 2013 10:38 pm
Forum: Personal Consumer Issues
Topic: Dining out : Special requests
Replies: 52
Views: 3215

Re: Dining out : Special requests

My wife works in a McDonald's. Someone once ordered a cheeseburger with no cheese.
by Cyclone
Mon Apr 22, 2013 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Closing
Replies: 18
Views: 1580

Re: Real Estate Closing

Per regulation you are allowed to inspect the HUD-1 one day before closing: Ā§ 3500.10 One-day advance inspection of HUD-1 or HUD-1A settlement statement; delivery; recordkeeping. (a) Inspection one day prior to settlement upon request by the borrower. The settlement agent shall permit the borrower t...
by Cyclone
Mon Apr 08, 2013 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can the average investor make money in real estate?
Replies: 50
Views: 5177

Re: Can the average investor make money in real estate?

I have worked in banks for close to 30 years, and I have literally seen hundreds of apartment loans to mom-and-pop investors. The ones that do the best have: lots of liquid assets invested in something intelligent, and outside jobs or other income. The ones that are 100 percent invested in real esta...

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