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Re: Bit the Bullet Selling Wellesley buying bonds and VTSAX

Not so - if you fail to deliver funds to settle the trade, I assure you - you will be receiving a phone call, if you don't answer it, they might cancel the trade and could come after you for compensation if the market moves against the position. It's not so cut and dried, when you don't deliver the...
by DualIncomeNoDebt
Thu Nov 20, 2014 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bit the Bullet Selling Wellesley buying bonds and VTSAX
Replies: 5
Views: 1283

Re: Bit the Bullet Selling Wellesley buying bonds and VTSAX

May I ask if anyone from VG actually contacted you afterwards, simply to confirm that you launched these large transactions? Nothing a personal Vanguard investor does is "large," unless you are Gates, Buffett or a Saudi prince with billions at Vanguard. Reality check: United States intrad...
by DualIncomeNoDebt
Thu Nov 20, 2014 8:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Bit the Bullet Selling Wellesley buying bonds and VTSAX
Replies: 5
Views: 1283

Re: Pension buyout offer - Accept or reject

Sounds way low. If you can be assured the pension will have sufficient reserves to pay benefits decades from now, stay with the pension.
by DualIncomeNoDebt
Wed Nov 19, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 45
Views: 4121

Re: Extreme Generosity / Limiting Net Worth

(We could each realistically strive for lifetime 8-digit net worth, but doing so seems empty.) Not so. Consider an alternative. Accumulate as much as you can, and don't spend a penny for a number of years. Your goal: to set up a foundation to last multiple lifetimes. This is what many wealthy famil...
by DualIncomeNoDebt
Sun Nov 16, 2014 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 10008

Re: What if I Never Buy a House?

Either don't buy, or engage in cost of living arbitrage. That is, find a locale you like anywhere on the planet where it is both cheap yet has what you want. Call it your planetary home base. Then go out and buy an inexpensive place, maybe with a little bit of land. Could be anywhere, either in a no...
by DualIncomeNoDebt
Sat Nov 08, 2014 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 57
Views: 6599

Re: Adoption [Experience from those who have adopted]

Surprised to see so many adoptive parents. Don't know why. Maybe because I don't know anyone who has adopted children.
by DualIncomeNoDebt
Fri Oct 31, 2014 2:06 am
 
Forum: Personal Consumer Issues
Topic: Adoption [Experience from those who have adopted]
Replies: 39
Views: 4423

Re: Anyone consider retiring to Vancouver, Washington?

If you could afford a place on the Columbia River Gorge, it'd be perfect. We looked at some luxury riverfront condos, prices started at around $800k. That's expensive to some, but compared to New York or California coast, that's an unbelievable bargain (all relative). Spectacular setting, it's aweso...
by DualIncomeNoDebt
Fri Oct 31, 2014 1:51 am
 
Forum: Personal Consumer Issues
Topic: Anyone consider retiring to Vancouver, Washington?
Replies: 45
Views: 4432

Re: Should I buy a New Car?

Leasing: if you are dead-set on leasing, try to get into an existing lease. You can review available cars and lease terms on sites such as leasetrader.com, swapalease.com, and others. People lease cars, and for whatever reason need to get out of them, or can't afford them. Instead of breaching the c...
by DualIncomeNoDebt
Thu Oct 30, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy a New Car?
Replies: 21
Views: 1603

Re: $116k Med School Debt - Pay Off or PSLF?

No question, pay it off. Then put your wife's degree to work and get a high-paying job. Do it for five years, bank that money, and you will be very far ahead of the game. You could have a healthy retirement fund already set up at relatively young ages, or have the kids' college educations already pa...
by DualIncomeNoDebt
Thu Oct 30, 2014 5:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: $116k Med School Debt - Pay Off or PSLF?
Replies: 44
Views: 2645

Re: Subpoena

The board's counsel should prepare your response. A letter may be sufficient, but maybe not, as the board may want to interpose objections, etc. concerning the subpoena. Either way, nothing to be worried about. It's routine.
by DualIncomeNoDebt
Fri Oct 24, 2014 11:23 pm
 
Forum: Personal Consumer Issues
Topic: Subpoena [Received subpoena, how to proceed?]
Replies: 13
Views: 2268

Re: How to buy oil in the stock market?

OP, pass on this. Commodities markets are rigged, and the biggest fraud of them all is oil. Not an exaggeration given the significant CFTC and DOJ activity in many markets, including LIBOR, Forex, aluminum, gold, silver, and in the not-too-distant past copper, platinum, palladium, and everything els...
by DualIncomeNoDebt
Fri Oct 24, 2014 5:14 am
 
Forum: Investing - Theory, News & General
Topic: How to buy oil in the stock market?
Replies: 32
Views: 2148

Re: I feel I did the Right thing , but NOW WHAT?

What a mess. I feel for the OP. [OT comment removed by admin LadyGeek]
by DualIncomeNoDebt
Sun Oct 19, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: I feel I did the Right thing , but NOW WHAT?
Replies: 36
Views: 5292

Re: Making an offer today

DJB wrote:Now the negotiation begins. It will be interesting.


It won't be. Generally, three counters and either you have a deal, or you don't. And if you lowballed, which it sounds like you did, they may not even respond. I know how I would respond: my counter is full asking price. Don't like it? Walk.
by DualIncomeNoDebt
Sat Oct 18, 2014 5:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Making an offer today
Replies: 44
Views: 4831

Re: Got my first cold call - does this mean I've 'made it?'

kenyan wrote:Got my first cold call - does this mean I've 'made it?'


No.
by DualIncomeNoDebt
Thu Oct 16, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 30
Views: 5528

Re: Re-entering market - all at once, or over time?

This question has been asked many, many times, and in many forms, be it DCA versus lump sum, investing a windfall, market risk, tail risk, etc. etc. etc. I would search all prior postings for a complete picture, as I imagine those who have given sage advice will simply ignore the topic. In the prior...
by DualIncomeNoDebt
Thu Oct 16, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re-entering market - all at once, or over time?
Replies: 13
Views: 946

Re: How to write an effective complaint letter

protagonist wrote:battery died 14 months after purchase. Two months after the warranty expired.


Company will not care. Will. Not. They will tell you their obligation to you is the one-year written warranty, and not a day longer. You will be wasting time.
by DualIncomeNoDebt
Thu Oct 16, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: How to write an effective complaint letter
Replies: 27
Views: 1453

Re: Headed for a 300+ point loss today?

Let's see how far today's drop goes. AS a young investor this is finally some great news. I will be increasing my contributions in my Roth 403b and Roth IRA. I would never want to wish any harm on people's jobs/homes...but I do love seeing stocks in free fall. Risk assets have been propped up by ma...
by DualIncomeNoDebt
Thu Oct 16, 2014 6:15 am
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 461
Views: 34394

Re: Headed for a 300+ point loss today?

I mostly agree, with one caveat. During periods of heavy Fed intervention, the normal timescale is stretched out and warning signals can possibly be acted on in time to do some good. A problem has been general disdain for discussion about Federal Reserve and central bank action. I can't think of a ...
by DualIncomeNoDebt
Wed Oct 15, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 461
Views: 34394

Re: Feeling very fortunate today!

This discussion has "son of Plan B" written all over it. As for you 100% QQQ punters, good luck with 3x beta for 0.33 alpha.
by DualIncomeNoDebt
Wed Oct 15, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Feeling very fortunate today!
Replies: 60
Views: 7743

Re: Relatively new here. What did you do in 2008/09

I was a big-time lurker throughout the housing and stock market crash. In my opinion, the tone was measured by some, and apocalyptic by others. I second the "Plan B" reference, you should look at the posts from that time. Eye-opening and revelatory. Every single day, it seemed, another inv...
by DualIncomeNoDebt
Tue Oct 14, 2014 12:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Relatively new here. What did you do in 2008/09
Replies: 130
Views: 10018

Re: Help me not thinking about getting a brand new car

What's the warranty on a new car vs. a used car? Depends if you are purchasing a "certified pre-owned" vehicle. For example, Lexus CPO , it's three years or 100,000 miles on a CPO car, no deductible. That's pretty darn good on a used car, and it's why Lexus CPO is very popular. For MBenz ...
by DualIncomeNoDebt
Mon Oct 13, 2014 8:56 pm
 
Forum: Personal Consumer Issues
Topic: Help me not thinking about getting a brand new car
Replies: 16
Views: 976

Re: Help me not thinking about getting a brand new car

What am I not seeing here? Should not brand new car cost a lot more than used one in the long run? What am I missing here? What you are missing is relatively low-priced, reliable commuter cars like Toyotas and Hondas have high residual values and low depreciation rates. Bargains are slim because pe...
by DualIncomeNoDebt
Mon Oct 13, 2014 8:48 pm
 
Forum: Personal Consumer Issues
Topic: Help me not thinking about getting a brand new car
Replies: 16
Views: 976

Re: First meeting with real estate agent

I'm more in the browsing mode than dead set on buying, and I am sure I will want to be patient and learn as much as I can about the market before I'm ready to take the plunge? I wouldn't waste a real estate agent's time if you are on the buy side and merely are going to browse. You don't need a rea...
by DualIncomeNoDebt
Sat Oct 11, 2014 3:10 am
 
Forum: Personal Finance (Not Investing)
Topic: First meeting with real estate agent
Replies: 14
Views: 1529

Re: New B of A visa chip card, no pin needed?

U.S. banks are cheap and lazy. Pin/chip is superior to chip and signature. U.S. should have required pin/chip cards a decade ago. And even this technology is fast becoming outdated, given all the new single-use token security systems which are even more secure.
by DualIncomeNoDebt
Wed Oct 08, 2014 12:00 am
 
Forum: Personal Finance (Not Investing)
Topic: New B of A visa chip card, no pin needed?
Replies: 35
Views: 2667

Re: Bonds Beware

Thanks for this post. Love bonds. And this post at Zhedge was and is a very important one, highlighting the "risk-reward-regret" triangle in equities vs. bonds. Even in times of great financial stress, bonds are smooth sailing compared with stocks. Are you really being adequately compensat...
by DualIncomeNoDebt
Sun Oct 05, 2014 11:16 am
 
Forum: Investing - Theory, News & General
Topic: Bonds Beware
Replies: 34
Views: 4929

Re: Should I buy this house

Let me echo what others are saying on all counts. First, this house is way too expensive for where you are currently at in life. A $1.2 million anchor around your neck with eight large a month in debt payments, yet negligible savings and retirement accounts? House-poor chumps with zero flexibility; ...
by DualIncomeNoDebt
Wed Oct 01, 2014 3:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house
Replies: 37
Views: 2226

Re: Obese airline passenger

[OT comment removed by admin LadyGeek]
by DualIncomeNoDebt
Mon Sep 29, 2014 12:23 am
 
Forum: Personal Consumer Issues
Topic: Obese airline passenger
Replies: 62
Views: 4952

Re: Is Now a Good time to Buy Bonds ???

There's a whole lot to like about debt instruments which return principal plus a fixed rate of interest.
by DualIncomeNoDebt
Fri Sep 26, 2014 6:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Now a Good time to Buy Bonds ???
Replies: 19
Views: 1967

Re: In a Serious Situation Need Financial Advice

Husband was acting drugged up toniht on his prescription pills. he has opened an account at Wells Fargo w the inheritance money. . . . And that I will never know how much or where it is. Then he went on to say I don't even really know for sure how much money he makes at work. That he works under th...
by DualIncomeNoDebt
Wed Sep 24, 2014 3:34 am
 
Forum: Personal Finance (Not Investing)
Topic: In a Serious Situation Need Financial Advice
Replies: 45
Views: 7559

Re: Need advice helping my father (phone scammer)

Chase wouldn't ask for this information, especially not when applying for credit. The instant you apply, they will seek your assent to pull reports from the CRAs. Chase will get all of that information via the credit report, and a whole lot more. If you do apply by phone, all the CSR does is punch i...
by DualIncomeNoDebt
Wed Sep 24, 2014 3:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice helping my father (phone scammer)
Replies: 21
Views: 2209

Re: Alibaba is NOT coming to an index near you

Excellent news. The Alibaba securities structure is most troubling. Also troubling is the performance of many Chinese companies with similar structures.
by DualIncomeNoDebt
Fri Sep 19, 2014 2:19 am
 
Forum: Investing - Theory, News & General
Topic: Alibaba is NOT coming to an index near you
Replies: 34
Views: 4409

Re: DINK 200K household income - ways to reduce taxable inco

The expense of children would offset any tax benefit you get from them. This. If you don't want children, don't have them. If you do, think long and hard about it. Another dink here, my colleagues right now are going through the high school stages and college is on the horizon; the costs are stagge...
by DualIncomeNoDebt
Sun Sep 14, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: DINK 200K household income - ways to reduce taxable income?
Replies: 31
Views: 3707

Re: Anyone moved from NY?

Left Long Island after college in the late 90s. Best decision ever. No I do not miss it, not for a second. I've returned a few times when in Manhattan on business. LI looks much worse than when I was growing up: older, more decrepit, bad roads, and a whole lot of businesses have been shuttered. I ca...
by DualIncomeNoDebt
Wed Sep 10, 2014 5:09 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 3073

Re: What to do with Canadian cell phone in the U.S.?

This is simple, especially with a GSM phone, which is by far the most widely-used radio band. Just slip in a SIM card from your preferred GSM carrier (T-Mobile, ATT, etc.). Turn on phone, and you should be good to go. If not, your phone may be locked. "Locked" meaning the GSM radio, i.e. t...
by DualIncomeNoDebt
Wed Sep 03, 2014 3:37 am
 
Forum: Personal Consumer Issues
Topic: What to do with Canadian cell phone in the U.S.?
Replies: 15
Views: 778

Re: Alzheimer's and Prenup

We have been married 7 years, and have a simple prenup – we both leave with what we had before marriage. We both have wills and related end of life documents – “living will” etc. I have never seen my husband’s documents, although I shared mine with him with him, as he is executor and decision maker...
by DualIncomeNoDebt
Mon Sep 01, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's and Prenup
Replies: 20
Views: 3083

Re: Help out family without compromising my own retirement?

Stand tall. Many of us have been down this road. Do not be guilt-tripped into forking over your hard-earned income. I think it is terrible you are being shamed into doing more -- by your siblings who are living rent-free on your dime, and not working. You already are providing an enormous amount of ...
by DualIncomeNoDebt
Fri Aug 29, 2014 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 72
Views: 6149

Re: High net worth in CA - what % of bonds in munis?

But fine, don't buy any and I will just get a better YTM when they are sold in a panic by people who don't look past the last newspaper and ignore rising state property tax revenues and declining debt ratios. It wasn't too long ago California was issuing IOUs for personal income tax refunds. Why? S...
by DualIncomeNoDebt
Fri Aug 29, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: High net worth in CA - what % of bonds in munis?
Replies: 21
Views: 1525

Re: No car for 10 years - should I scratch the itch?

OP, you are living the charmed transportation life. Not wasting money on a stupid depreciating asset, and avoiding a big chunk of the fees, maintenance, costly insurance, and the hell that is DMV. Also avoiding parking/storage as well. And when you do need a car, you have your pick of modern vehicle...
by DualIncomeNoDebt
Thu Aug 28, 2014 5:48 pm
 
Forum: Personal Consumer Issues
Topic: No car for 10 years - should I scratch the itch?
Replies: 28
Views: 2255

Re: New home worth the extra $$?

Location and layout is everything. Larger lot, space from neighbors, quiet, and privacy should be paramount. The quieter and more private, with some space from neighbors, the better. Ask some realtor friends how difficult it can be to unload a house with road noise problems, facing/abutting busy str...
by DualIncomeNoDebt
Tue Aug 26, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: New home worth the extra $$?
Replies: 17
Views: 1795

Re: Buying a home with aluminum wiring?

You will need both a decent price reduction, and the patience to oversee a whole-house rewiring, including the time to properly snake wires behind walls, and all the fixtures redone. Period. Given the home's age, I'd probably also have them do a brand new interior breaker panel, including some 220 v...
by DualIncomeNoDebt
Tue Aug 19, 2014 11:08 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 5121

Re: Retirement luxury vehicle

Get the Merc E over the Lexus. The Merc's interior and much of the tech was superior to the Lexus. The Lexus feels like a Toyota Camry with some wood paneling and leather seats thrown in. The E flows much better. Also, we own an E350, it's been great and worth it, we plan to keep it until the wheels...
by DualIncomeNoDebt
Wed Aug 13, 2014 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement luxury vehicle
Replies: 62
Views: 4655

Re: Auto insurance question. Should I max out liability lim

What you should do, is get a quote if you max out coverage. When we inquired about maxing coverage on a newish car, our rate actually went down with maxed-out coverage, at least with 21st Century. The rep explained to us this is not necessarily uncommon given their underwriting ratios and algorithms...
by DualIncomeNoDebt
Thu Aug 07, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Auto insurance question. Should I max out liability limits?
Replies: 8
Views: 791

Re: Boat loans

I know you asked specifically about loans, but please listen to those who are telling you renting > owning. It makes zero sense to borrow to buy a boat. Rent one when you want to go out. And save an enormous sum the remainder of time when you aren't spending it on insurance, maintenance, depreciatio...
by DualIncomeNoDebt
Sat Aug 02, 2014 8:37 pm
 
Forum: Personal Consumer Issues
Topic: Boat loans
Replies: 27
Views: 1652

Re: Tell me why I shouldn't buy individual muni bonds

I agree with you about the bid/ask issue. If I did buy some individual bonds, I'd buy them when they're offered and hold them to maturity. Assuming efficient markets, wouldn't the price of the bonds and their interest rates reflect all of the hidden gotchas? Beyond the most rudimentary basics, woul...
by DualIncomeNoDebt
Tue Jul 29, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tell me why I shouldn't buy individual muni bonds
Replies: 32
Views: 2557

Re: Buying a car- 2011 Lexus IS 250 9k miles

If you like the IS 250, I would buy it, with the proviso you want to get many years of use out of it. Keep in mind there will be many more electric and hybrid vehicles coming on the market the next few years. In addition, self-driving technology is rapidly improving, there are models available now s...
by DualIncomeNoDebt
Thu Jul 24, 2014 12:15 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 2183

Re: If Argentina Defaults

Can anyone explain why Argentina is unable to simply bypass Wall Street and just announce that the regular bond payments will be made through the national bank in Argentina under the terms that were previously agreed to and the hedge funds that pressed for full payment rather than the haircut every...
by DualIncomeNoDebt
Wed Jul 23, 2014 1:27 am
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 21
Views: 2163

Re: Advice please - Mom getting railroaded by SSA

She starting drawing SS benefits starting around Jan-Feb of 2011. July of 2011 she got another job at a much lower wage than she was used to. At some point (not sure when) she contacted SS and tried to stop SS benefits because she knew of the wage limits while also drawing SS. Someone at SSA must h...
by DualIncomeNoDebt
Mon Jul 21, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice please - Mom getting railroaded by SSA
Replies: 8
Views: 1544

Re: A question for the Bogleladies or those who can consult

Following on with the comfort theme, another possibility is to get a bra fitting at a specialty shop that is highly regarded for the comfort of its fittings. I've heard rave reviews from women of all sizes, but particularly from women whose bosoms are generously proportioned. This is exactly the wa...
by DualIncomeNoDebt
Tue Jul 15, 2014 4:17 am
 
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 6077
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