Search found 785 matches

by awval999
Wed Sep 02, 2015 5:55 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 110
Views: 5946

Re: Selling all equities, discuss why I'm wrong. :)

Terrible idea of course.

Unless you have enough money where your 2% nominal return on bonds is enough indefinitely to provide for your retirement.

With market timing, it's not JUST the selling part that's hard. It's knowing when to come back in.
by awval999
Sun Aug 30, 2015 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

Anyone else jump on that one-day epic 100k AmEx platinum?
by awval999
Sat Aug 29, 2015 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans and my house
Replies: 12
Views: 1208

Re: Student Loans and my house

No matter what and I don't care that you're married (I am too) I would never refinance my spouse's student loans into my name. You'r mileage may vary.

Refinance student loans with SoFi, DRB, or Citizens. Pay it off quickly with marital assets.

Enjoy!
by awval999
Sat Aug 29, 2015 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 70
Views: 6450

Re: Dear In-Laws: Less toys, more 529

It's not your money. As others have mentioned, a contribution to a 529 plan, will not allow the grandparents to "see the joy" in their grandchild's face. In fact they may not be alive by the time the little one begins college. Some good suggestions in the thread, for example, music lessons...
by awval999
Wed Aug 19, 2015 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Getting term life insurance with high blood pressure?
Replies: 6
Views: 692

Re: Getting term life insurance with high blood pressure?

Some companies will still give Preferred Plus rates even with recent BP diagnosis as long as it's under control with the medication. His height/weight and any other co-morbid health conditions will mostly determine the risk class. What's his height/weight? Other meds/health history? He is 35, 5'11&...
by awval999
Mon Aug 10, 2015 7:56 am
Forum: Personal Consumer Issues
Topic: Should I buy a car?, baby on the way.
Replies: 28
Views: 2031

Re: Should I buy a car?, baby on the way.

> also few said hospitals dont let us take our kid with out a car-seat like that. I can confirm that at least one hospital did not allow a baby to leave without a car seat and to be placed into a car. Doesn't mean that you need to OWN it, but you probably WILL need to arrange to have a car and car ...
by awval999
Mon Aug 10, 2015 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 95
Views: 13747

Re: Am I crazy? Quitting my job.

I assume you're in Saudi.

You're 28, married and with a new baby on the way. You've done GREAT. No debt and +$760k. Come home. No amount of money is worth that. Stay with a family a bit. Try to find something new. You have plenty of money and time.
by awval999
Sun Aug 09, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Question
Replies: 24
Views: 3070

Re: Credit Card Question

Op, spend six months reading flyertalk.com and then make an informed decision. The bottom line is that the miles and points game is like investing with high profile managers vs low cost index funds. Sure you might be able to beat the "house" with a ton of work and luck, but it's more like...
by awval999
Thu Aug 06, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Seller conceals known defects: fraud question
Replies: 53
Views: 5758

Re: Seller conceals known defects: fraud question

I understand that escrow will hold the money until BOTH parties come to an agreement. I f your daughter no longer wants to buy the house, the seller can't sell it to anybody else until this is settled. I figure as soon as he finds an interested seller, the deposit will be returned to her. The selle...
by awval999
Thu Aug 06, 2015 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Seller conceals known defects: fraud question
Replies: 53
Views: 5758

Re: Seller conceals known defects: fraud question

Similar issue happened to me to be honest, for $1700 in earnest money. Electrical issue discovered in report (undisclosed knob and tube, all outlets replaced with grounded receptacles but truly weren't grounded, original wiring remained in entire house besides new kitchen). I terminated contract not...
by awval999
Tue Aug 04, 2015 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

To be fair Drew states he only flies in Y. I agree though, that it is quite annoying when people do their CPM calculations and exaggerate the value because they booked a SQ First Class Apartment because it retails for $20K. True. there should always be consideration on the trips that you wouldn't n...
by awval999
Tue Aug 04, 2015 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

The credit card bonus trick is interesting. However, if I have to figure out ways to manufacture artificial spending, would it be easier to just work for a few more months before retiring? Seriously how can we answer that without knowing what you make in your day job net of taxes per hour and how m...
by awval999
Tue Aug 04, 2015 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

Can someone tell me how much is the "fees" for the credit game are normal? It was mentioned that 3% is OK. For the gift card game, I think you can actually gain points without paying fees. The fees are only OK to meet minimum spends. There's a whole 'nother "expert" level where ...
by awval999
Tue Aug 04, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

I do use a service to pay bills (car payments / student loans) via credit card to meet minimum spends which charges ~3% fee which I feel is well worth it. I am considering using RadPad or Plastiq for paying rent to meet minimum spend. Are you using one of these or something else? Victoria I use Cha...
by awval999
Tue Aug 04, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15481

Re: Credit Card Rewards (Travel)

I recently got into "The Hobby" in March after burning my last United miles from my United card that I've had and used exclusively since 2011. Oh what magical majesty this game is. I feel like I'm in intermediate-expert level. I just refuse to do the gift card/reload thing. I JUST missed t...
by awval999
Sat Aug 01, 2015 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Chargeback on a Prepaid Visa Card for a $20 Locker Rental at a Water Park
Replies: 23
Views: 1739

Re: Chargeback on a Prepaid Visa Card for a $20 Locker Rental at a Water Park

This is why credit cards are superior to debit cards. Another fact of the matter is that whatever bank is managing these prepaid cards really isn't invested in your business like if it was a real bank and you were an account holder. I've had fraudulent charges on my debit card before. They were imme...
by awval999
Thu Jul 30, 2015 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 71
Views: 5363

Re: Frustrated with low raise

Just don't work as hard. That's what I do. And leave on time.
by awval999
Thu Jul 30, 2015 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Auto collision with uninsured driver caused $5000 in damage. What to do?
Replies: 23
Views: 2266

Re: Auto collision with uninsured driver caused $5000 in damage. What to do?

If your brother has uninsured motorist protection, this is what it is there for. He should see his insurance agent about filing a claim against the uninsured motorist part of his policy. I forgot to add in the original post that my brother did not purchase the optional uninsured/under-insured motor...
by awval999
Sat Jul 25, 2015 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason why I shouldn't accept this student loan refinancing offer?
Replies: 12
Views: 1415

Re: Any reason why I shouldn't accept this student loan refinancing offer?

You will get a 0.25% auto pay credit too.

I took a 4.99 rate and it's 4.74% with auto pay!
by awval999
Sat Jul 18, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: honda civic or Prius?
Replies: 86
Views: 7436

Re: honda civic or Prius?

I wouldn't drive a Prius if it was free because of how it looks. Then again I am a 29 year old man.

Full disclosure: I own a Honda Civic EX coupe
by awval999
Sat Jul 04, 2015 10:04 am
Forum: Investing - Help with Personal Investments
Topic: What to do with small (20-30K) life insurance sum
Replies: 7
Views: 597

Re: What to do with small (20-30K) life insurance sum

Just a random thought---- Vanguard Wellesley.

Maybe a bank account. No silver. No gold. No life insurance.
by awval999
Sat Jun 27, 2015 9:49 am
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 2068

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

I honestly think 5% real is realistic. Then why is the 30-year TIPS yield only about 1.2%? Everyone buying 30-year TIPS is being unrealistic? Granted, I am not buying 30-year TIPS, because I hope to earn a higher real return than that over my remaining lifetime, but I don't know why one wouldn't us...
by awval999
Fri Jun 26, 2015 3:44 pm
Forum: Investing - Theory, News & General
Topic: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?
Replies: 23
Views: 2068

Re: Marriage, Compatibility, and Investment Assumptions – Am I being reactionary?

I honestly think 5% real is realistic.

I think if you annoy your wife to live too far beneath you means / let this consume you, you may find yourself divorced which will really eat into your retirement plan, calculations, and return rate.
by awval999
Fri Jun 26, 2015 4:45 am
Forum: Personal Finance (Not Investing)
Topic: Homemaker denied credit card despite high household income
Replies: 40
Views: 5014

Re: Homemaker denied credit card despite high household income

Very surprised. My wife is a homemaker and we use household income for our credit card points/churning travel cards. I was certain the CARD act and the corresponding CFPB rule states that household income is correct. I will find the link. http://files.consumerfinance.gov/f/201304_cfpb_credit-card-ab...
by awval999
Fri Jun 26, 2015 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loan off at 2.875%? - otherwise, 14 years to go
Replies: 52
Views: 5750

Re: Pay student loan off at 2.875%? - otherwise, 14 years to go

If you get no psychological impact and the balance does not impact your cash flow (which I doubt a ~$18k balance on a 15 year payment does), then you are correct that in the long term you probably make more money with a 80/20 AA. I will mention that a 3% CD (after taxes) will NOT match the tax-free ...
by awval999
Thu Jun 25, 2015 7:41 am
Forum: Investing - Theory, News & General
Topic: Shiller P/E 10 hits 25
Replies: 331
Views: 27158

Re: Shiller P/E 10 hits 25

I'm getting a bit anxious; my IPS states to move to Age+10 in bonds when P/E 10>30.
by awval999
Mon Jun 22, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: PMI on FHA loan
Replies: 16
Views: 1172

Re: PMI on FHA loan

I believe that is true. You will need to refinance.

Here's a link for more reading.

http://themortgagereports.com/7570/fha-mip-cancel
by awval999
Sun Jun 21, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 8125

Re: One-Two Punch for my credit card game

While credit card churns are technically legal are they ethical? The credit card companies are passing the cost of the bonuses on to the rest of their customers, so, in effect, the rest of their customers are paying for your trips and free hotel rooms. Churning does not take money from the credit c...
by awval999
Sat Jun 20, 2015 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 8125

Re: One-Two Punch for my credit card game

Victoria there are other ways to meet minimum spends; but it's all about how much money you can float. You can buy gas station gift cards, for example an entire years worth of gasoline. You can buy grocery store gift cards, for example an entire years worth of groceries. You can prepay (if allowed) ...
by awval999
Sat Jun 20, 2015 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 8125

Re: One-Two Punch for my credit card game

Chase is now cracking down on churning by denying new card applications from folks who have more than 4 or 5 applications (any issuer, not just Chase) over the prior two years. And most other issuers (Citi, Amex, for example) are limiting bonuses to once per 18 months or once per lifetime. The cred...
by awval999
Sat Jun 20, 2015 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 8125

Re: One-Two Punch for my credit card game

Consider paying bills with chargesmart.com (auto, student loan, mortgage, etc). They charge a ~3.5% fee BUT it helps to make the minimum spends. I know I could be saving a few bucks with the whole gift card to Serve/Redcard but I figure that spending ~3.5% on fees to meet a $3000 minimum spend is on...
by awval999
Wed Jun 17, 2015 7:12 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1944

Re: Southwest Credit Card-Atlanta Travel

Why would Chase give even me, with an 800+ credit score, TWO cards at the same time? Also what credit bureau do they use/should I unlock? Thank you all for the info so far. I am starting to understand this. Why? Because it's a computer algorithm and they don't care. (Although rumor is they are crac...
by awval999
Wed Jun 17, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Adding/Cancelling Credit Cards
Replies: 8
Views: 1400

Re: Effect of Adding/Cancelling Credit Cards

Nothing.

My score has actually increased. Number of hard pulls is like 10% total of the score.

http://onemileatatime.boardingarea.com/ ... it-scores/

PS: With all of the posts on Bogleheads recently about this I'm calling a PEAK for credit card bonuses.
by awval999
Wed Jun 17, 2015 5:08 pm
Forum: Personal Consumer Issues
Topic: Southwest Credit Card-Atlanta Travel
Replies: 20
Views: 1944

Re: Southwest Credit Card-Atlanta Travel

Auggiedoggie is correct. The answer you are looking for is, Chase Southwest Premier and Chase Southwest Plus combo for the companion pass. And start QUICK because the larger sign on bonuses are only until 6/24. Do a little reading on the links from the frequent flyer bloggers that the poster above l...
by awval999
Wed Jun 17, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Can we afford this home?" scenario
Replies: 13
Views: 2114

Re: Another "Can we afford this home?" scenario

You are the age of me and my wife. Why are you looking at $400,000 houses? Continue to rent. Invest. Pay down your loans. Travel. Keep doing that until your first child is born, then buy the house. Also don't throw away the rest of your 20's and 30's living like a miser like half the forum wants you...
by awval999
Sun Jun 14, 2015 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Chase bonus. Why?
Replies: 21
Views: 3436

Re: Chase bonus. Why?

Aren't those higher "value" credit card opening bonuses usually in the form of frequent flyer miles. I fly very rarely, and I have never managed to redeem any frequent flyer miles for anything of value even once in my entire life. Frequent flyer miles are as useful as Zimbabwe dollars to ...
by awval999
Sun Jun 14, 2015 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Chase bonus. Why?
Replies: 21
Views: 3436

Re: Chase bonus. Why?

IMO, the best game in town for upper-middle class households is credit card opening bonuses. There are a ridiculous number of ridiculously good deals available now, spread among at least 5 or banks. If you spend a decent amount on credit cards per month, you can probably make a decent five figure s...
by awval999
Sun Jun 14, 2015 7:31 am
Forum: Personal Consumer Issues
Topic: How to introduce legos to my almost 5 year old boy?
Replies: 15
Views: 1240

Re: How to introduce legos to my almost 5 year old boy?

Find a theme that you know he likes.... Batman, Pirates, Minecraft, Star Wars, etc.
by awval999
Sun Jun 14, 2015 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Is my tenant trying to scam their renter's insurance company? (Fire Damage)
Replies: 44
Views: 5367

Re: Is my tenant trying to scam their renter's insurance company? (Fire Damage)

I just wanted to give a small update. I spoke to my tenant today. Tenant told me that the insurance company has given them two weeks of hotel room stay and they intend to use all of it. The insurance company has still not been inside the condo. I also haven't been able to get in touch with the insu...
by awval999
Sat Jun 13, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Student Loans or Aiming for Forgiveness
Replies: 9
Views: 1467

Re: Paying off Student Loans or Aiming for Forgiveness

Here is the aggregate number of persons who have had their student loans forgiven under the IRB/PSLF plan: 0
by awval999
Fri Jun 12, 2015 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on 401k loan for home purchase?
Replies: 29
Views: 2520

Re: Thoughts on 401k loan for home purchase?

We bought our house contingent on the sale of our house in some specified time that I forget. Sold in 3 weeks and did the sale and purchase closings the same day. We have a number of friends who took advantage of the last downturn to buy up. They all forgot the fact (or didn't believe) that their o...
by awval999
Fri Jun 12, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on 401k loan for home purchase?
Replies: 29
Views: 2520

Re: Thoughts on 401k loan for home purchase?

I really don't see the big problem taking out a 401k loan. I have one. I can still contribute. And I still receive the company match. I took the loan from the bond component only, so you may consider that if you are concerned about losing out on market growth from the stocks (then again the market c...
by awval999
Tue Jun 02, 2015 4:17 pm
Forum: Personal Consumer Issues
Topic: Heads up on a great CC promotion (Chase Freedom)
Replies: 51
Views: 6581

Re: Heads up on a great CC promotion (Chase Freedom)

$200 cash back after spending only $500 in 3 months, and no annual fee. https://creditcards.chase.com/a1/freedom/apply200/ Awesome, thanks for the heads up! We're not uber-card churners, but my wife and I will take a free $460 (46% gross return) any day of the week. Btw, I'm looking for ~50k AA mil...
by awval999
Tue Jun 02, 2015 4:17 pm
Forum: Personal Consumer Issues
Topic: Heads up on a great CC promotion (Chase Freedom)
Replies: 51
Views: 6581

Re: Heads up on a great CC promotion (Chase Freedom)

tomd37 wrote:I'll bet there is going to be an IRS Form 1099-INT or some other version of Form 1099 at year-end. :twisted:


Credit card rewards are non-taxable. (Bank account opening rewards ARE taxable)

Edit: http://www.irs.gov/pub/irs-drop/a-02-18.pdf
by awval999
Tue Jun 02, 2015 4:32 am
Forum: Personal Consumer Issues
Topic: Planning Las Vegas vacation with a couple of side trips
Replies: 16
Views: 1460

Re: Planning Las Vegas vacation with a couple of side trips

If you've never been, you still have to check out the casinos. I'm not even saying you have to put one dollar in the machines if you don't want, but you need to walk through some to get that indescribable sensation of the lights and the sounds.
by awval999
Sun May 31, 2015 10:28 am
Forum: Personal Consumer Issues
Topic: Toronto Vacation - Finding a hotel
Replies: 41
Views: 3574

Re: Toronto Vacation - Finding a hotel

express dealDowntown Toronto Southwest - Entertainment & Financial Districts Area Hotel - Map it What hotel?Guest Rating: 7+ Bed choice available Save 26% or more+ $132/nightIncludes FREE InternetChoose express dealDowntown Toronto Southeast - Union Station & St Lawrence Market Area Hotel - ...
by awval999
Tue May 26, 2015 5:24 pm
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 121
Views: 7611

Re: Once in a life time trip.

We don't know what they like since they are not even 3 yet. We are saving the money right now. This trip will be our anniversary and their 8 birthday combined. We will take Disney cruise and go to Disneyland way before this trip. I"m just trying to get more ideas. Thank you. Oh this is easy. T...
by awval999
Sun May 24, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute a credit card payment or not
Replies: 23
Views: 2199

Re: Disput a credit card payment or not

If they don't give you the gift card just return the system.
by awval999
Sun May 24, 2015 11:04 am
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35797

Re: much ado about coasting (through life)

I feel like I'm coasting. And I'm only 29. In my profession--- hospital pharmacy--- no where to move up unless you want a Director's role (and with it the headaches, budget issues and 50-60 hr work weeks for only 25% per annum more). Raises are inflation only, 2014's being 1.5%. Having an "exce...

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