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Re: Disappointed with sale items

Yep, sale items were likely never intended to be sold at full price.
by barnaclebob
Fri Dec 19, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Disappointed with sale items
Replies: 22
Views: 2396

Re: Advice for Contractor Payment

No way in heck I'd pay anything without a contract signed with a start date. Also I'd only pay by credit card if the start date was within a month or two. It costs them nothing to have you on a waiting list for free for any longer than that.
by barnaclebob
Fri Dec 19, 2014 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Advice for Contractor Payment
Replies: 5
Views: 533

Re: PSA: Distributions -- Why your fund dropped

I forgot to change the dividend reinvestment from a fund that I no longer own...$15-$20 in extra taxable income for me this year... How does the dividend reinvesment affect your taxable income? Gill I had a dividend set to go from one fund to a fund that I don't own anymore due to TLH purposes. I a...
by barnaclebob
Thu Dec 18, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: PSA: Distributions -- Why your fund dropped
Replies: 14
Views: 1347

Re: PSA: Distributions -- Why your fund dropped

I forgot to change the dividend reinvestment from a fund that I no longer own...$15-$20 in extra taxable income for me this year due to today's gains...
by barnaclebob
Thu Dec 18, 2014 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: PSA: Distributions -- Why your fund dropped
Replies: 14
Views: 1347

Re: Denver area ski in/out lodging?

A 7 and 8 year old should be able to carry their own skis 200 yards at least.
by barnaclebob
Thu Dec 18, 2014 10:42 am
 
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 1366

Re: Ski questions from a Southerner

I would take a half day lesson or maybe just 2 hours then spend the rest of the day falling down on the beginner hills. There are companies that rent ski clothes, not sure if they are near the resort you are going to.
by barnaclebob
Wed Dec 17, 2014 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Ski questions from a Southerner
Replies: 34
Views: 2524

Re: Taking advantage of 15% tax bracket

You'll want to make sure you don't violate wash sale rules but they may only apply to a purchase and then sale within 30 days. I don't remember them off the top of my head. I'd use an S&P 500 index fund to hold the money if wash sale rules apply and be ready to pay the tax on any gains that migh...
by barnaclebob
Wed Dec 17, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of 15% tax bracket
Replies: 6
Views: 1067

Re: Bitcoin: The worst investment in 2014

I wonder if the current exchange rate, which has been about the same since October, is the new normal or if it'll keep plummeting. $600 was "the new normal" for about 2-3 months starting in June... Wow, somebody here is not a believer in decentralized virtual currencies backed by virtuall...
by barnaclebob
Tue Dec 16, 2014 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 17
Views: 2200

Re: Bitcoin: The worst investment in 2014

lack_ey wrote: I wonder if the current exchange rate, which has been about the same since October, is the new normal or if it'll keep plummeting.


$600 was "the new normal" for about 2-3 months starting in June...
by barnaclebob
Tue Dec 16, 2014 4:01 pm
 
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 17
Views: 2200

Re: How FINRA saved my Grandma's bacon

Given the information above I would definitely shoot off a few emails with your story to any organization that could bring some kind of action against him.
by barnaclebob
Mon Dec 15, 2014 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 2014

Re: What are your 2015 Financial Goals?

To hit 7 figures in net worth between my wife and I. With a neutral market it will be close.
by barnaclebob
Mon Dec 15, 2014 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 96
Views: 6657

Re: How FINRA saved my Grandma's bacon

Wow, what a garbage investment

Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for up to 5% of the shares outstanding at net asset value.


Although that statement is probably typical of closed end funds.
by barnaclebob
Mon Dec 15, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 2014

Re: Pay down mortgage or save for next house

Considering you will likely use the equity in your current house to pay for your next house and assuming your mortgage rate is higher than .9% then yes it would be better to pay down your mortgage instead of putting the money in a savings account.
by barnaclebob
Mon Dec 15, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage or save for next house
Replies: 3
Views: 624

Getting upgraded to Voyager Select

So my accounts total has been dancing around the 500k mark for a few weeks and was over 500k at the end of the month but is now back below. Does anyone know what the actual mechanics or requirements are for getting upgraded? I haven't gotten anything in the mail or an email. All emails still come fr...
by barnaclebob
Fri Dec 12, 2014 10:11 am
 
Forum: Personal Consumer Issues
Topic: Getting upgraded to Voyager Select
Replies: 2
Views: 745

Re: Multiple Backdoor Roth Conversions During Year

I'm setting up my 2015 budget, get paid every two weeks, and make above the MAGI limit. I want to allocate $220 each pay period to go to a traditional IRA account. Will I encounter any problems converting the TIRA contribution to a Roth every two weeks or am I better off putting that $220 in a HYSA...
by barnaclebob
Fri Dec 12, 2014 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Backdoor Roth Conversions During Year
Replies: 12
Views: 698

Re: Investing 100K for the next 3-5 years? Where?

If it were me I'd probably put it in a short term bond fund. Others are going to tell you CD's or a high yield online savings account. FWIW I didn't know about investing and had my home down payment savings in a credit union money market account, the year was 2008. My 401k balance went from 10k to 5...
by barnaclebob
Wed Dec 10, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing 100K for the next 3-5 years? Where?
Replies: 13
Views: 2089

Re: Take shares in a bank?

What is the other option for your inheritance?
by barnaclebob
Wed Dec 10, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Take shares in a bank?
Replies: 4
Views: 528

Re: Financial privacy

Did you ever give that info to a credit card? They could have based it off your address alone or any number of indicators that you may have 50k to invest.
by barnaclebob
Tue Dec 09, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial privacy
Replies: 8
Views: 1019

Re: help needed, backdoor roth and pro rata

Were these deductible or non deductible contributions?

The worst case is that you could convert to a Roth and pay taxes on the full 12k if they were deductible.

If they were non deductible then you'll only owe taxes on the gains.
by barnaclebob
Tue Dec 09, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: help needed, backdoor roth and pro rata
Replies: 9
Views: 516

Re: Is Money Market Fund safe enough to rebuild Emergency Fu

Keep it simple. Rebuild your emergency fund and keep it in a high yield savings account. Link that savings account (or checking) to your rIRA account to transfer funds. You will not lose the opportunity to invest in your 2015 rIRA. I only use Vanguard Prime Money Market Fund (VMMXX) as a sweep acco...
by barnaclebob
Mon Dec 08, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Money Market Fund safe enough to rebuild Emergency Fund?
Replies: 3
Views: 422

Re: mother-in-law wrecked our car

I think it will be better to focus on the financial aspects of this event, relating to insurance and possibly out of pocket restitution to the neighbor. Discussion about reasons for mistaking the various control pedals based on gender and age are a separate issue... From a financial standpoint, I w...
by barnaclebob
Fri Dec 05, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5278

Re: mother-in-law wrecked our car

On the other hand, is it possible there was a malfunction in your car, and not MIL's fault at all?


This is much less likely than an elderly person or any person for that matter hitting the wrong pedal.
by barnaclebob
Fri Dec 05, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5278

Re:

For me personally, my college gave up its chance for any contributions after it charged $25 for a diploma. I refused to pay it; after 4 years of tuition, I thought that they should pony up for the document themselves. I didn't go to graduation, and they've never seen a penny from me since. Wow, tal...
by barnaclebob
Wed Dec 03, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16567

Re: Brand spanking new to investments. Help much appreciated

Where did you open your brokerage account? Can you buy ETF's commission free? I prefer mutual funds which don't require a brokerage account.

Reading about the stock market will do nothing to improve your returns, but it is good to know what the market is doing in general and how it works.
by barnaclebob
Wed Dec 03, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Brand spanking new to investments. Help much appreciated!
Replies: 4
Views: 611

Re: outdoor "security" camera

Is the area protected from rain? I've had one of these in my chicken coop protected from rain but in a very dusty environment for about 2 years now with no real issues. The IR filter is mechanical and it was getting stuck every now and then but hasn't for awhile. I don't actually record constantly w...
by barnaclebob
Wed Dec 03, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: outdoor "security" camera
Replies: 5
Views: 943

Re: Things to do on new year's eve..

I'll be doing a backdoor roth and attempting the mega backdoor roth for the first time.

Probably also look to see if any tax loss harvesting can be done before the end of the year.

Then start watching the mail for when costco has turbotax.
by barnaclebob
Tue Dec 02, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Things to do on new year's eve..
Replies: 18
Views: 2172

Re: WiseBanyan

Why a waiting list for a robo advisor? Illusion of exclusivity?
by barnaclebob
Tue Dec 02, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: WiseBanyan
Replies: 9
Views: 802

Re: A Lucky $5 Bill, Some Capital Gains Questions

Learned something new today. Its better to pass valuable items through a will than direct giving right before you die. Can you let someone "store" an item for several years before you die and then pass ownership through a will.
by barnaclebob
Tue Dec 02, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Lucky $5 Bill, Some Capital Gains Questions
Replies: 12
Views: 1476

Re: Edward Jones Advisory Solutions account

Does any one MF have all of the best investment ideas? Vanguard is a great place to put some of your money, but there are plenty of actively managed MF that are a wonderful compliment...especially in a down market. If you own a Vanguard S&P 500 fund and the S&P 500 goes up 30% then you did ...
by barnaclebob
Tue Dec 02, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 68
Views: 15892

Re: Downhill Skis

You will need to make sure the bindings are still on the indemnified list or shops wont work on them due to liability issues. Rocker helps with turning in powder but if you ski groomers you don't need it. 180cm sounds about right for your height and weight. What type of skiing will you be doing? I w...
by barnaclebob
Mon Dec 01, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: Downhill Skis
Replies: 10
Views: 1267

Re: Personal Finance Counselor

Is this for you or someone else. There are a lot of knowledgeable people on personal finance here.
by barnaclebob
Mon Dec 01, 2014 10:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Counselor
Replies: 5
Views: 617

Re: Backdoor Roth IRA questions

If the 30k hasn't been taxed then even at 1% expenses it would many years before fees overcome what you would pay in taxes. Its kind of a toss up, ~10k in taxes wont be missed by the time you retire but you may also have many rolled over 401k's by then anyway which will put you in the same place you...
by barnaclebob
Wed Nov 26, 2014 3:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA questions
Replies: 5
Views: 420

Re: 401k self directed brokerage option

it is very likely that you will be able to invest in anything that you could buy through fidelity. You'll have to see the plan information for the costs and hoops you have to jump through.
by barnaclebob
Wed Nov 26, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k self directed brokerage option
Replies: 5
Views: 301

Re: Backdoor Roth IRA questions

Was the 30k deductible or non deductible? Do you know what the gains are? If deductible then you will owe taxes on the full amount if you do a Roth conversion, if non deductible then you will owe taxes only on the gains. If its deductible and you have a good 401k then your best option might be to ro...
by barnaclebob
Wed Nov 26, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA questions
Replies: 5
Views: 420

Re: Private college counselor

I don't think I'd ever pay a private college counselor. Kind of like paying an active manager, they can't guarantee performance. And they may not tell you the truth if your kid isn't likely to get in. My advice is to tell your kid not to put too much weight on any one school just because of its name...
by barnaclebob
Wed Nov 26, 2014 10:39 am
 
Forum: Personal Consumer Issues
Topic: Private college counselor
Replies: 76
Views: 4563

Re: Bogleheads, anyone doing "Black Friday"

The only thing I plan on buying is ingredients for turkey noodle soup or gas to get to the mountains for some backcountry skiing if the snow is good.
by barnaclebob
Mon Nov 24, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, any "Black Friday" [recommendations]
Replies: 59
Views: 5685

Re: Girlfriend with a LOT of Student debt.

I would see how she reacts to a suggestion of seeking higher paying employment for a few years with the goal of putting all of the excess income towards the debt until it hits a certain level, say 50k. Then she can be even more free to do work that she really loves. However if shes taking starting s...
by barnaclebob
Mon Nov 24, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13632

Re: Helping a Friend Build Credit

Whatever you do, do not cosign for your friend unless you assume you will be assuming their debt and losing their friendship. The idea would be to get a secured card until they can rent an appt and get a low limit unsecured card. At that point they may be able to cancel the original card without muc...
by barnaclebob
Mon Nov 24, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Helping a Friend Build Credit
Replies: 7
Views: 814

Re: Backdoor Roth Question

Opening an IRA at another institution will not help you, uncle same doesnt care how many accounts you have. Can you roll your rollover IRA into your current 401k if that makes financial sense? See this article for the pros and cons of a solo 401k. http://thefinancebuff.com/rollover-ira-to-solo-401k....
by barnaclebob
Mon Nov 24, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 7
Views: 509

Re: I think I'm missing something about the backdoor roth

EDIT: Saw the 30k in the tIRA account, that changes things...

Yes you could roll that tIRA into your 401k if that makes financial sense
by barnaclebob
Mon Nov 24, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: I think I'm missing something about the backdoor roth
Replies: 24
Views: 2312

Re: American Funds

If I want to get the match from my employer I have to invest in AF funds, unless someone had a brilliant roundabout or backdoor suggestion. Will keep posted. Check your plan rules for something to the effect of a self directed IRA or an account where you can choose your own investements if you jump...
by barnaclebob
Mon Nov 24, 2014 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 14
Views: 2174

Re: Dog food - how cheap is too cheap?

This thread reminds me of an SNL skit. Most high end dog food is marketed to make people feel bad for not buying their animals the best.

https://www.youtube.com/watch?v=bkbiJYU4CNI
by barnaclebob
Sun Nov 23, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: Dog food - how cheap is too cheap?
Replies: 64
Views: 5910

Re: What would be the investing strategy for a coming crash?

For how far out can you even buy options?
by barnaclebob
Fri Nov 21, 2014 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 82
Views: 9339

Re: What were your biggest financial emergencies?

Haven't had anything too bad. Had to buy 1 way tickets home from Hong Kong after United canceled our flights home due to a typhoon. Cost about $1700 out of pocket and got about $700 back from united since it was deemed a special weather event or something like that.
by barnaclebob
Thu Nov 20, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What were your biggest financial emergencies?
Replies: 39
Views: 4667

Re: thinking of opening a franchise

I would think the first place to start would be to get information from dunkin donuts. From what I've read about opening a franchise they will have all of the information and requirements that you need to meet. You could also try talking to other franchise owners to see how their process went.
by barnaclebob
Thu Nov 20, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: thinking of opening a franchise
Replies: 21
Views: 3134

Re: Nissan Titan 2008 - Repair Estimates

Sounds like you are a recipient of the upsell. This happens every time I go to have my car serviced and they include a "free 24 point inspection." I would get a second opinion. The OP says there are symptoms for many of these problems so its likely not a upsell to fix problems that don't ...
by barnaclebob
Thu Nov 20, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Nissan Titan 2008 - Repair Estimates
Replies: 8
Views: 851

Re: Vanguard launches new offering ... [Vanguard merchandise

Maybe they'll start offering them for free when you get voyager select or flagship status.
by barnaclebob
Tue Nov 18, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 115
Views: 13081

Re: James Advantage Funds

Same as any other company that charges a lot and doesn't guarantee beating the market...

I'd consider investing in the balanced golden rainbow fund (GLRBX) if there was also a matching leprechaun pot fund and unicorn tears fund which concentrated in other asset classes.
by barnaclebob
Tue Nov 18, 2014 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: James Advantage Funds
Replies: 3
Views: 412

Re: Credit Card Fraud - Need Advice

I've had no issues with BoA with several rounds of fraudulent charges. They have always cancelled the account and sent me a new card a week later. I have lost a dispute over a meal that gave me food poisoning though...
by barnaclebob
Tue Nov 18, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 36
Views: 4243

Re: Is buying organic worth it financially in the long term?

I'll pay extra for local food before I pay extra for organic. It just happens that my CSA and most local food is also organic.
by barnaclebob
Tue Nov 18, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: Is buying organic worth it financially in the long term?
Replies: 124
Views: 7458
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