Search found 378 matches

by bberris
Mon Jul 27, 2015 7:11 am
Forum: Investing - Theory, News & General
Topic: Economics - Savers vs Spenders and economy
Replies: 13
Views: 1858

Re: Economics - Savers vs Spenders and economy

Savers are very important to the economy too, of course .. Your bank savings aren't just sitting there, but rather being lent to people to buy houses and start new businesses, and they're lent to governments to manage debt and invest in the economy I think it's a bigger worry at the moment that we'...
by bberris
Tue Jul 21, 2015 7:31 am
Forum: Personal Consumer Issues
Topic: Scotland / Ireland Castles?
Replies: 29
Views: 2734

Re: Scotland / Ireland Castles?

Simple Simon wrote:Wales has many good castles but it rains a lot. Many of the castles were built for defence in the 11th-14th centuries and are therefore the real deal


I guess it's defence because the castles protected English invaders from the Welsh residents.
by bberris
Sat Jul 18, 2015 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6044

Re: losing money on a house....how do Bogleheads deal with it emotionally?

I don't understand this mind set that houses always must increase in value. You are living in a depreciating consumable just like a driving a car (except for the land portion of the asset). You don't expect your car to go up in value.
by bberris
Mon Jul 13, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Removing PMI: get appraisal or pay down mortgage?
Replies: 17
Views: 1033

Re: Removing PMI: get appraisal or pay down mortgage?

Wait a minute. Your choice is to pay $350 for an appraisal that you say you know will produce sufficient Comps to remove PMI......or to hand over $4K to the bank ?? Don't overthink this, my friend. Don't underthink it either. The $350 is a fee, and it could still go sideways. The $4000 is a prepaym...
by bberris
Mon Jun 29, 2015 5:33 am
Forum: Personal Consumer Issues
Topic: Travel to Greece
Replies: 58
Views: 4793

Re: Travel to Greece

AP says foreigners will have no limits on ATM withdrawals (presumably from their foreign accounts), and ATMs will open today but with 60 euro limit for domestic accounts.
by bberris
Mon Jun 29, 2015 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 78
Views: 11286

Re: Lucent offering pension buyout to retirees: what to do?

If the buyout amount is fair, he can always turn around and purchase his own annuities with that money (multiple, to spread out the risk among institutions). The annuity from the pension plan will probably pay more than one that he can buy from an insurance company, though it won't be diversified a...
by bberris
Mon Jun 29, 2015 5:23 am
Forum: Personal Consumer Issues
Topic: Travel to Greece
Replies: 58
Views: 4793

Re: Travel to Greece

Sidney wrote:What's the risk? Based on history, Greek civilization will still be there in 2016. They've been around longer than we have.

The one they have now is not the one they had then.
by bberris
Sun Jun 21, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: So my pension has been frozen...
Replies: 34
Views: 6460

Re: So my pension has been frozen...

Ged wrote:For that small amount of money there is no reason to mess with a pension. Roll it into an IRA.

If you found a $20 on the street it would probably not affect your retirement very much. I would just leave it.
by bberris
Mon Jun 15, 2015 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing residency in Florida
Replies: 19
Views: 2743

Re: Establishing residency in Florida

The audit guidelines referenced by bsteiner makes it quite clear that staying in your Florida condo for over six months will not by itself make you a Florida resident in the eyes of NY. Florida needs to truly become your home. Gill Well that's what OP is asking. What does "truly" mean? Se...
by bberris
Thu Jun 04, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 31
Views: 5484

Re: Age to Take Social Security: The Ideal and the Reality

A lot of people I have talked to feel they have worked their entire life, are concerned about the future of social security and want to start taking their money as soon as they can while they can still enjoy it. A decision with a lot of emotion tied in with it. Taking money is not enjoyment. Spendi...
by bberris
Sun May 24, 2015 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficient way to unwind a dividend growth portfolio?
Replies: 5
Views: 817

Re: Tax efficient way to unwind a dividend growth portfolio?

I would not pay taxes to do this. 38 different companies could be pretty good diversification as long as they are not all airlines. If you are in the 0 % cap gains then I would do it.
by bberris
Thu May 21, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 62
Views: 10405

Re: Don't come to Europe with a new chip and sign credit car

One thing about the Signature vs Pin decision that the credit card companies don't often mention is that the merchant fees for signature based transactions are often higher then Pin based transactions. I am pretty sure that was one of the reasons for not going chip and pin. I am pretty sure you are...
by bberris
Sat May 16, 2015 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Saltless Water Conditioning or Descaler
Replies: 3
Views: 308

Re: Saltless Water Conditioning or Descaler

I wouldn't call it sludge. The effluent from regeneration is a concentrated sodium chloride solution, maybe 10 gal. I think most people do this once a week. I can't imagine what problem this could cause in a sewer.
by bberris
Thu May 14, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Contingent Offer
Replies: 13
Views: 1754

Re: Contingent Offer

This contingency is essentially a free option to buy your house for 90 days. If they decide to buy a different house, they can refuse every offer on their own. Just say no.
by bberris
Fri Apr 10, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Cash out pre-IPO for 5%?
Replies: 8
Views: 1423

Re: Cash out pre-IPO for 5%?

Be very careful here. What if you end up owing the "upside" as a cash settlement but can't sell your shares? (because they are unregistered, or an obligation to continue owning, or some other). Also, you might be in a conflict of interest situation with your employer, since you are conside...
by bberris
Sun Apr 05, 2015 4:45 pm
Forum: Personal Consumer Issues
Topic: Snorkeling in South Florida
Replies: 4
Views: 547

Re: Snorkeling in South Florida

+1 for Pennekamp.
Depending on the conditions, you might get good fish viewing right at the swimming beach. There are lots of snorkeling tour operators in the Keys.
by bberris
Fri Mar 27, 2015 8:22 am
Forum: Investing - Theory, News & General
Topic: My Lucky [Trading] Friend
Replies: 13
Views: 2104

Re: My Lucky [Trading] Friend

I have never been to a Gambler's Anonymous meeting, but I'm guessing they begin this way: I am addicted to gambling. It started when I won a few bucks ...
by bberris
Mon Mar 23, 2015 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Legal for Doctor to Cover Insurance Co-pay?
Replies: 40
Views: 3439

Re: Legal for Doctor to Cover Insurance Co-pay?

And if the patient can't pay the deductible? How much hell should the doc put the patient through in order for it not to be fraud? For office visits, If they can't pay the deductible then they come back when they can pay in my office. I'm not buying their care for them. Who else here buys their goo...
by bberris
Mon Mar 23, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Any situations car leasing makes sense?
Replies: 63
Views: 7142

Re: Any situations car leasing makes sense?

Thanks to all of you for your dedication in helping people make wise investment decisions. You have certainly helped us by reading all your posts. I was just wondering if it ever makes financial sense to lease a car. My understanding is that for people who want/need a new car every few years, this ...
by bberris
Sat Mar 21, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Legal for Doctor to Cover Insurance Co-pay?
Replies: 40
Views: 3439

Re: Legal for Doctor to Cover Insurance Co-pay?

And if the patient can't pay the deductible? How much hell should the doc put the patient through in order for it not to be fraud?
by bberris
Fri Mar 20, 2015 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Equity Indexed Annuities
Replies: 12
Views: 659

Re: Equity Indexed Annuities

Yes it is possible. Yes there are no fees. In the same way, there are no fees to buy an apple. The seller's profit margin is built-in. One of the previous posts described how you can do this yourself. Another simple way is to construct a t-bond portfolio and use the interest to buy index call option...
by bberris
Thu Mar 19, 2015 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Large Loan Debt, Need some advice
Replies: 24
Views: 1976

Re: Large Loan Debt, Need some advice

SkierMom wrote:
avenger wrote:That being said, I personally (barring any major capital gains) would use my taxable account to pay off some off some of the debt and make an effort to get that debt gone.


No way should the OP be doing this before getting married.


And get a prenup.
by bberris
Tue Mar 17, 2015 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Barron's article...Closed End Funds Advantage....
Replies: 13
Views: 1591

Re: Barron's article...Closed End Funds Advantage....

...... (I bought it as it was first offered to the public). It performed poorly and I finally sold the dumb thing. I called it "Global Disaster", I think the fund was called Global Health. ..... I would be interested to read others experience. Your experience was colored because you viola...
by bberris
Fri Mar 13, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Yet Another Roth/Trad 401K Thread
Replies: 15
Views: 1569

Re: Yet Another Roth/Trad 401K Thread

Maybe we are venturing into verboten territory, but this speculation about future tax rates in the Roth/Trad decision involves also a speculation as to what will be taxed heavily in the future (assuming you think there will be high taxes on something or someone in the future). It might not be income...
by bberris
Wed Mar 11, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 20066

Re: What are some common misconceptions found in this forum?

Roth accounts are better than tax deductible because of the power of compounding.
Car leases are always a bad deal.
Its better to pledge your house for a loan than to pledge your car.
by bberris
Tue Mar 10, 2015 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: How many really understand how investing works?
Replies: 37
Views: 3555

Re: How many really understand how investing works?

You can buy an airplane ticket without knowing how an airplane flies.
by bberris
Fri Mar 06, 2015 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Downpayment a Good Idea?
Replies: 33
Views: 3562

Re: Higher Downpayment a Good Idea?

bertie wooster wrote:Get the nicer house - you won't regret it.

As for your friend, putting more money down significantly reduces the risk of your mortgage being underwater. I don't think his argument holds much merit.

Tell me about the risk of being underwater. There are no margin calls.
by bberris
Fri Mar 06, 2015 10:16 am
Forum: Investing - Theory, News & General
Topic: Negative bond yields
Replies: 25
Views: 2589

Re: Negative bond yields

Remember when banks used to charge fees for checking? Better get used to it.
A negative yield on a govt bond is the same deal. Govt bonds are the govt savings accounts. And I second the previous answer that govt bonds are needed for collateral on derivatives.
by bberris
Tue Mar 03, 2015 8:49 pm
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 4523

Re: Rich dad, poor dad

Is there someone you really hate that you could give the book to?
by bberris
Sun Mar 01, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Citibank Structured Notes
Replies: 3
Views: 553

Re: Citibank Structured Notes

You do realize that these are essentially speculation on relative long and short term rates? The risk is not citigroup (not mainly anyway), the risk is changing relative rates. I didn't read enough to know the details, because I don't need to. But I know if they are paying you 10 % that these crap s...
by bberris
Sun Mar 01, 2015 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Small Principal High Rate Debt vs Very Large Principal Low R
Replies: 2
Views: 292

Re: Small Principal High Rate Debt vs Very Large Principal L

Those "many people" (Many, Louisiana?) are correct. While you would possible save more on interest cost in constant dollar terms paying down a long term note, those interest savings are far in the future. Those far-in-the-future dollars need to be discounted to the present day.
by bberris
Fri Feb 27, 2015 11:05 am
Forum: Personal Consumer Issues
Topic: Car Accident in Front Yard
Replies: 34
Views: 3518

Re: Car Accident in Front Yard

Am I right in assuming a tow truck took the car away? In Louisiana the tow truck is responsible for cleaning up the debris, but they usually don't.
by bberris
Mon Feb 23, 2015 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401ks with high fees
Replies: 5
Views: 576

Re: Employer 401ks with high fees

Strange that no one pays a fee for an IRA, with the same reporting and record keeping as a 401k which supposedly costs so much to run.
by bberris
Sat Feb 21, 2015 6:53 am
Forum: Investing - Theory, News & General
Topic: Full Faith and Credit
Replies: 37
Views: 2899

Re: Full Faith and Credit

The US cannot default unless it wants to. I don't know how much comfort you take in that, but to me it means the US will never default. In other words, it always has the ability (but the remote possibility that it won't out of I-don't-know-what) to pay its due bills. They do this by changing numbers...
by bberris
Sun Feb 15, 2015 5:03 pm
Forum: Personal Consumer Issues
Topic: New Lexus NX Not an Economy Bargain
Replies: 38
Views: 3572

Re: New Lexus NX Not an Economy Bargain

I think perhaps you are missing the point of driving a luxury car.
by bberris
Tue Feb 10, 2015 10:12 am
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 1609

Re: Bill Gross majority shareholder in his own fund?

You guys are missing something. He pays the fund management fee to himself. Every other shareholder foots the bill. There is a huge conflict of interest here.
by bberris
Thu Feb 05, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra-low or Negative Mortgage Rates and Retirement?
Replies: 1
Views: 333

Re: Ultra-low or Negative Mortgage Rates and Retirement?

They are probably offering teaser rates on a floating rate loan.
My guess is its just not true. What happened is that the index has gone below zero, but retail mortgages have a margin above the index.
This sound byte is a nothing burger.
by bberris
Sun Feb 01, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 8366

Re: Are car loans really that bad?

A loan is a loan. Whether you borrow money to buy a car, or a house you still owe the same amount of money. The only difference is the collateral for the loan, and that would only matter if you are in such severe default that they take the collateral. So the argument that borrowing against a car is ...
by bberris
Wed Jan 28, 2015 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life - Return of Premium
Replies: 13
Views: 900

Re: Term Life - Return of Premium

It sure looks like whole life to me. It has a savings account built in. Its just that the return is 0 % on the savings part, and there is a severe penalty (100 %) for lapse. In return, the cost is not as high as "whole whole" life. It could be called "Half-Life".
by bberris
Wed Jan 28, 2015 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Need serious help regarding my company's retirement plan
Replies: 19
Views: 1765

Re: Need serious help regarding my company's retirement plan

Don't let the perfect be the enemy of the good. I don't really see much bad here; the fees are paid by the company. Remember that waiting til the end of the year means an average 6 mo delay; not really that significant. The main problem is that the investing is one-size fits all; not appropriate for...
by bberris
Tue Jan 27, 2015 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade HSA Options
Replies: 13
Views: 988

Re: TD Ameritrade HSA Options

I made one trade before I saw that you need to sign up. I signed up after, sent an email, and they refunded the commish.
by bberris
Thu Jan 22, 2015 6:32 am
Forum: Personal Consumer Issues
Topic: $7 gas - what would you do?
Replies: 125
Views: 19385

Re: $7 gas - what would you do?

Try to stop taking hallucinogens.
by bberris
Sat Jan 17, 2015 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6862

Re: Dave Ramsey's bad advice at an all time high!

This may come as a surprise to you, but Dave is in it for the money. and Vanguard is not? I've got a bridge to sell you. It's true that Vanguard is the low-cost provider, so is Wal-Mart, you think Wal-Mart is in it to be nice? How about any other low-cost providers (insert here). We are a capitalis...
by bberris
Fri Jan 16, 2015 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Inflation-Indexing Wish List
Replies: 12
Views: 1009

Re: Inflation-Indexing Wish List

The thresholds for taxation of social security benefits.. but don't hold your breath for this one. The trust fund needs all it can get. Do ordinary income taxes go into the SS Trust Fund? I thought only SS taxes did, and only when there's a surplus (as was designed in with the 1983 rescue), setting...
by bberris
Sat Jan 10, 2015 8:03 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Group execs say deflation a real risk..."
Replies: 61
Views: 6598

Re: "Vanguard Group execs say deflation a real risk..."

To really bet on deflation, 30 year zero coupon treasuries are your chip.
by bberris
Fri Jan 09, 2015 6:17 am
Forum: Investing - Theory, News & General
Topic: I see rental properties as bonds. Am I completely off base?
Replies: 28
Views: 2617

Re: I see rental properties as bonds. Am I completely off b

These posts are all of a pattern:

My (job, social security, dividend stocks, rental property, house I live in, trust fund ...) pay like bonds. Interest rates have to go up.

Really if you don't want to own bonds no one is forcing you. But don't delude yourself into this kind of thinking.
by bberris
Mon Dec 29, 2014 8:07 am
Forum: Investing - Theory, News & General
Topic: What's Driving LT Treasuries This Year?
Replies: 17
Views: 2008

Re: What's Driving LT Treasuries This Year?

Rate hikes have been imminent for the last 4 years. I have a feeling they will continue to be imminent as long as I live and then some.
by bberris
Sat Dec 27, 2014 9:49 am
Forum: Investing - Theory, News & General
Topic: Boglehead theory on p2p lending?
Replies: 53
Views: 8256

Re: Boglehead theory on p2p lending?

Besides, I already use an index-like strategy for P2P lending. You mentioned buying shares of a particular type or class of loan. My (simplified) filters invest me into borrowers with 110k+ income and who are refinancing debt. I have been buying every single note that fits this criteria for the pas...
by bberris
Thu Dec 25, 2014 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Corperate Bonds vs Muni Bonds (for short term Roth account)
Replies: 10
Views: 1401

Re: Corperate Bonds vs Muni Bonds (for short term Roth accou

There are taxable muni bonds and bond funds (build america bonds) and you are allowed to put them in a tax deferred account. Also you are allowed to put tax free bonds in a sheltered account but it's not advisable.
by bberris
Wed Dec 24, 2014 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 30
Views: 3430

Re: Travel Insurance

Maybe you are already insured and don't realize it. Did you check your credit card benefits? Mine covers up to $10,000. I'm pretty sure that usually only covers stuff like the tour gets cancelled or interrupted. Not that you need to renege because your elderly parent is in the hospital. Chase Sapph...

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