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Re: Convince me to get a credit card

TFinator wrote:When I don't find a topic interesting, well thought out, or if I find it annoying, I tend to not read it and I don't comment.


+1
by SamGamgee
Wed Mar 26, 2014 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 90
Views: 4633

Re: our renters want to buy our rent house

Tell them to save up a downpayment, obtain financing, and then make you an offer.
by SamGamgee
Tue Mar 25, 2014 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: our renters want to buy our rent house
Replies: 20
Views: 2453

Re: Convince me to get a credit card

bottlecap wrote:No. I don't like being ordered around.

JT


Come on guys, all these non-responses are getting tiresome. OP's request was perfectly clear.
by SamGamgee
Mon Mar 24, 2014 2:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 90
Views: 4633

IRA contribution recharacterization question

I goofed when trying to set up a ROTH IRA. I fixed the mistake with a recharacterization. Do I need to refile my taxes? Here's the timeline: Feb: I file my 2013 tax returns and receive my refunds. March: I get a bonus at work and decide (at long last) to open up a ROTH IRA. I make a small contributi...
by SamGamgee
Fri Mar 21, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: IRA contribution recharacterization question
Replies: 1
Views: 103

Re: Phone calls trying to sell me stocks

So this was a new experience this morning. I got a call a few minutes ago from a number I didn't recognize. I picked up anyway, and got this call: "Hello, [my name]. This is [missed the name] with [my cousin's first name, who lives in the area code being called from, probably a coincidence]&qu...
by SamGamgee
Wed Mar 19, 2014 11:58 am
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 1995

Re: What If Long-Term Thinking Really Catches On?

It's self-correcting. The fewer people there are doing fundamental analysis (valuing a stock by valuing the business itself), the better fundamental analysis pays.
by SamGamgee
Wed Mar 12, 2014 7:35 am
 
Forum: Investing - Theory, News & General
Topic: What If Long-Term Thinking Really Catches On?
Replies: 21
Views: 2022

Re: How much do I need a month?

Wow, 92K a year is a lot to save. We can save 4k a month but can't do 7K. Thanks. Suppose inflation is 3% and you increase your savings along with inflation. If your savings earn 5% per year excess of inflation, it would take you 33-34 years to save up $4 Million in today's dollars. Is that helpful?
by SamGamgee
Mon Mar 10, 2014 1:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do I need a month?
Replies: 9
Views: 941

Re: HELP! Medical costs

Place a phone call to the guy who hit you. Record the call. Act friendly but complain to him about the size of the hospital bill. Maybe you get him to say something incriminating. I believe recording a phone call without the other party's knowledge and permission is a crime. I doubt he will agree t...
by SamGamgee
Thu Feb 27, 2014 9:35 am
 
Forum: Personal Consumer Issues
Topic: HELP! Medical costs
Replies: 57
Views: 2829

Re: HELP! Medical costs

Place a phone call to the guy who hit you. Record the call. Act friendly but complain to him about the size of the hospital bill. Maybe you get him to say something incriminating.
by SamGamgee
Thu Feb 27, 2014 9:04 am
 
Forum: Personal Consumer Issues
Topic: HELP! Medical costs
Replies: 57
Views: 2829

Re: Kid on the way... Can wife stay at home?

- Our Home : As some have assumed, we're certainly in a HCOL area and are by no means living extravagantly. The downgrade options are condos and rentals - or sacrificing some comfort/safety in a different area - none of which are appealing options. The wife would go back to work full-time before th...
by SamGamgee
Mon Feb 24, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kid on the way... Can wife stay at home?
Replies: 34
Views: 2372

Re: Kid on the way... Can wife stay at home?

If having mom stay home is your top priority, you can certainly do that. But everything else must become negotiable (house, cable, etc) We are currently bursting at the seams -- a family of six in a 3BR townhouse. Luckily I make enough that a move is possible, and we are currently house searching. H...
by SamGamgee
Mon Feb 24, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Kid on the way... Can wife stay at home?
Replies: 34
Views: 2372

Re: Consulting on the side

The taxes shouldn't be that hard. File a Schedule C with your tax return. Make sure to keep a written record of your direct expenses and car mileage if you have to travel to perform the service. Depending on what you are doing, check to make sure that you know what your liability insurance does and...
by SamGamgee
Fri Jan 03, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting on the side
Replies: 4
Views: 255

Consulting on the side

Do any bogleheads have resources that they recommend for someone considering doing some consulting work on the side (while working full time.) ? I already know what my niche is and I'm not terribly interested in networking. What happens is that I have people I know socially asking me for help becaus...
by SamGamgee
Fri Jan 03, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting on the side
Replies: 4
Views: 255

Re: Thinning hair/ hair loss products

I've been giving myself a buzz cut for years. Nothing to it. Just put your head over the sink and go for it.
by SamGamgee
Wed Nov 20, 2013 8:16 am
 
Forum: Personal Consumer Issues
Topic: Thinning hair/ hair loss products
Replies: 35
Views: 2021

Re: Cheapest way to move long distance

Thanks for all the thoughts, so far. Regarding one way rentals, I had checked using Costco (she is not a member, but just to get an idea of possible rates). The one way cost for a week was at least $1200, plus I don't think she has a credit card so she would have to pay for the rental insurance. Wi...
by SamGamgee
Tue Oct 08, 2013 11:37 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3084

Re: Cheapest way to move long distance

Why not rent a more reliable minivan for about $100/day? Most national rental agencies will let you return a vehicle at a different city than you rented it from -- just let them know in advance. Then you don't have to worry about being able to sell it later. One way rentals are crazy expensive. Is ...
by SamGamgee
Tue Oct 08, 2013 8:53 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3084

Re: Cheapest way to move long distance

Why not rent a more reliable minivan for about $100/day? Most national rental agencies will let you return a vehicle at a different city than you rented it from -- just let them know in advance.

Then you don't have to worry about being able to sell it later.
by SamGamgee
Tue Oct 08, 2013 7:58 am
 
Forum: Personal Consumer Issues
Topic: Cheapest way to move long distance
Replies: 48
Views: 3084

Re: Planned Badly and Facing a Layoff

Can you relocate to a cheaper place while in NYC? If you only expect to be there for a year or so, I bet you could put up with a little studio apartment somewhere, maybe in NJ. Run the numbers and see how much money you'd save.
by SamGamgee
Tue Oct 01, 2013 8:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Planned Badly and Facing a Layoff
Replies: 35
Views: 4579

Re: Investing in TIPS

I regard equities as being _roughly_ adjusted for inflation on an ongoing basis, so as long as I have a high proportion of my assets in equities, I don't bother with TIPS. If I were older, with less that 50% equities, I would definitely consider adding TIPS. One rule of thumb might be 50% - %equitie...
by SamGamgee
Thu Sep 26, 2013 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in TIPS
Replies: 2
Views: 388

Re: Going without a pre-nup?

TRUE LOVE, GUYS. TRUE LOOOOOOOOVE!!!!!
by SamGamgee
Tue Sep 24, 2013 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13750

Re: Going without a pre-nup?

It's a very interesting thought experiment. In my opinion, no one should ever get married under your scenario. I wouldn't. Doesn't mean I'd be alone... I could certainly live with a woman, even have kids without the legal document of marrying her with the rules laid out above. I doubt very many men...
by SamGamgee
Tue Sep 24, 2013 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13750

Re: Going without a pre-nup?

Did you have significant assets when you were married? He has more options that what you outlined. The OP's question isn't unreasonable. He probably worked hard to get where he was at and this person came later. That's just how life and love works. I'm sure he trusts her 100% or he wouldn't even be...
by SamGamgee
Tue Sep 24, 2013 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13750

Re: Going without a pre-nup?

1) Find a woman so trustworthy and wonderful that the idea of needing to get a prenup makes you laugh. This is akin to picking a winning active mutual fund. The problem is you can only know after the fact. To clarify, option #2 (don't marry) is meant to be a real possibility. If you feel this way, ...
by SamGamgee
Mon Sep 23, 2013 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13750

Re: Going without a pre-nup?

My advice is different from most bogleheads. Don't get a prenup. I advise you to do one of two things. 1) Find a woman so trustworthy and wonderful that the idea of needing to get a prenup makes you laugh. or 2) Don't get married. I was lucky enough to succeed in option #1. I wish you the best.
by SamGamgee
Mon Sep 23, 2013 7:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Going without a pre-nup?
Replies: 255
Views: 13750

Re: Affording stay at home parent

As illustrated in this thread, the decision is essentially about what your core values are. Make a decision about that, and the path will be obvious.
by SamGamgee
Wed Sep 18, 2013 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Affording stay at home parent
Replies: 74
Views: 7061

Good day to rebalance?

I know stocks are very close to a random walk, but it sure was easy to rebalance out of equities this afternoon! I'm now in less than 66% equities for the first time ever. I feel good about it.

Less than two-thirds equities? I must be getting old. :)
by SamGamgee
Wed Sep 18, 2013 2:44 pm
 
Forum: Investing - Theory, News & General
Topic: Good day to rebalance?
Replies: 20
Views: 1596

Re: Cheap options for sit/stand desk?

I stand at my desk and use these to prop up my keyboard and monitor. Since I'm not able to lower my equipment easily, I also have a bar stool to sit on, which gets me up to the right height. http://www.amazon.com/ClosetMaid-896300-Horizontal-Laminate-Organizer/dp/B002IT6DHA/ref=sr_1_12?ie=UTF8&q...
by SamGamgee
Wed Sep 18, 2013 7:12 am
 
Forum: Personal Consumer Issues
Topic: Cheap options for sit/stand desk?
Replies: 18
Views: 2109

Re: Car Payment Issues

Let's assume he cuts his spending generally and is looking for a part-time second job. What else can he do? Here's what I would do: 1) Cancel the insurance and keep the car parked somewhere, unused. (look for a free bike on craigslist maybe) 2) Try to borrow $5000 if at all possible. Assuming that f...
by SamGamgee
Mon Sep 09, 2013 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Payment Issues
Replies: 38
Views: 2761

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

How long until the year is up? Why not just wait? You say you "just refinanced" but if that refinance was less than 6 months ago, didn't it occur to you then that it would be nice to be closer to the school? Usually you have to apply to private schools by about January. Refinanced about 1...
by SamGamgee
Mon Sep 02, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 1934

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

4. I suspect (not 100% sure) that a big concern of the bank is that you did not have all this planned in advance of the re-finance. If or when you approach the bank, state your case so that it does not appear that this was "pre-meditated". I suspect that the language in your contract may ...
by SamGamgee
Sat Aug 31, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 1934

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

Unless either you are dealing with a bank located across the street from the house, or you stop paying the loan, they aren't going to have any idea that you're renting it out. Just step back and think about it. There is no bank "rental prevention inspector." Just make sure you keep your l...
by SamGamgee
Sat Aug 31, 2013 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 1934

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

prudent wrote:Are you going to get a mortgage on the place you're moving to?


It's possible, but we have the option to rent a place in our desired area on a month-to-month basis while we do a house search.

EDIT: within the first year some time we would probably get a mortgage on a new place.
by SamGamgee
Sat Aug 31, 2013 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 1934

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

I am interested in renting out our primary residence, which was just refinanced. It's a condo. There's no extenuating circumstances, but we would like to move closer to the private K-12 school my children will be attending beginning this year. We haven't advertised, but we happen to know someone tha...
by SamGamgee
Sat Aug 31, 2013 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I get the bank to allow me to rent out my place?
Replies: 20
Views: 1934

Re: Life Insurance.

OP does not need any life insurance.

Instead, he should have a high savings rate and make sure his will is set up with his family as the beneficiaries.
by SamGamgee
Thu Aug 29, 2013 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance.
Replies: 31
Views: 1339

Re: Drying clothes in the sun - worth the hassle?

I recently strung up some clothesline in our basement to dry them inside. It might be my imagination but it seems easier than using the drier. I think that's because with a drier I have to remember that I'm doing the laundry twice -- instead of once. With a clothesline, as long as I remember to take...
by SamGamgee
Thu Aug 22, 2013 8:04 am
 
Forum: Personal Consumer Issues
Topic: Drying clothes in the sun - worth the hassle?
Replies: 86
Views: 5983

Re: Financial dilemma [Fiancee to Cosign HELOC]

Have you considered renting the house out and moving you and your bride into a cheap studio apartment?
by SamGamgee
Thu Aug 15, 2013 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial dilemma [Fiancee to Cosign HELOC]
Replies: 40
Views: 3491

Re: Financial dilemma [Fiancee to Cosign HELOC]

If your wife is paying her own father $45k out of her income, that is not a dowry. Doesn't a dowry usually come from the parents of the newly married couple?
by SamGamgee
Thu Aug 15, 2013 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial dilemma [Fiancee to Cosign HELOC]
Replies: 40
Views: 3491

Re: Trex (The Good, the Bad and the Ugly)

Guys.

I came to this thread expecting dinosaurs.

I am very disappointed.
by SamGamgee
Tue Aug 13, 2013 1:04 pm
 
Forum: Personal Consumer Issues
Topic: Trex (The Good, the Bad and the Ugly)
Replies: 50
Views: 4851

Re: Is now really a good time to buy my age in bonds?

Pay attention to the duration and learn about it if you don't know what it means.

I am 31 with about 30% in bonds, but I lean heavily toward short term bonds. As interest rates rise, I will raise my duration accordingly.
by SamGamgee
Thu Jul 11, 2013 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Is now really a good time to buy my age in bonds?
Replies: 35
Views: 2586

Re: Talking With My Sister About Investing and Risk

give her a book and don't bring it up again if she doesn't.
by SamGamgee
Thu Jul 11, 2013 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Talking With My Sister About Investing and Risk
Replies: 22
Views: 1639

Re: I have no idea what I want to do as a career

My father was an actuary. This famous work life balance was no where in existance when I was at home. His work group would even make fun of the ignorant reporters whenever actuary was listed as a low stress low hours job, which it commonly is apparently. I'm sorry to hear that. I get home every day...
by SamGamgee
Fri Jun 28, 2013 7:46 am
 
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 4366

Re: I have no idea what I want to do as a career

You are approaching the problem wrong. You are trying to find a job which lets you do something you like doing. Instead, learn what things you like doing and find fulfilling, then look for a career which has those as key attributes of the job. What sorts of things get you fired up? That you do for ...
by SamGamgee
Fri Jun 28, 2013 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 4366

Re: I have no idea what I want to do as a career

It's certainly true that I have been lazy. School work always came easily to me, so I never learned self-discipline to study. That was me. I became an actuary. It has worked out for me so far. I'm 31, making 6 figures, and working just barely 40 hours a week at a low stress job with a significant a...
by SamGamgee
Thu Jun 27, 2013 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 4366

Re: I have no idea what I want to do as a career

...My priorities in life are not my career. The perfect job would first and foremost allow work life balance and, ideally, be a field where it is common for folks to work part time or do consulting/contracting, so that I could have the option when we're ready to have kids in a few years. I'm really...
by SamGamgee
Thu Jun 27, 2013 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: I have no idea what I want to do as a career
Replies: 80
Views: 4366

Re: Dad sold all of his holdings

frugaltype wrote:...50+ years later, I still would not let anyone manage my money but me. I do not charge myself 1%, either.


I do the same, but I charge myself a whopping 5% per annum. Which is reinvested, of course. :D
by SamGamgee
Thu Jun 27, 2013 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Dad sold all of his holdings
Replies: 50
Views: 4970

Re: Anybody who bought a Kindle go back to regular books?

I buy kindle books and use calibre to convert them to a generic ebook format. Then I load them into a third party ebook reader (Moon+ Reader) on my android phone. Why? The 3rd party app uses the phone's text-to-voice engine and reads the book to me while I drive to and from work! It's obscene that t...
by SamGamgee
Wed Jun 26, 2013 7:35 am
 
Forum: Personal Consumer Issues
Topic: Anybody who bought a Kindle go back to regular books?
Replies: 74
Views: 4399

Re: Bond reassurance.... Anyone?

I have a permanent rule in my investment plan that varies my average bond duration as interest rates go up and down. So in the current low rate environment, my duration is kept very short, while in a high interest rate environment, I'd be heavily into long bonds. I may be sacrificing some return in ...
by SamGamgee
Tue Jun 25, 2013 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond reassurance.... Anyone?
Replies: 23
Views: 2177

Re: Vehicle Maintenance Costs

Here's my anecdote to add to the data in this thread. I track my spending carefully and accumulate a liability on my balance sheet for each category of fortuitous cost. (Think of it as paying weekly into a savings account for the purpose of funding the costs.) Not including oil changes, which I cate...
by SamGamgee
Mon Jun 24, 2013 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vehicle Maintenance Costs
Replies: 11
Views: 1167
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