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Re: Gold: Is now the time?

Here is my thoughts on gold (not that its worth much): 1) its useless as an "investment", only as a "store of value" or inflation hedge 2) it MAY be useful as "insurance against stupid people" 3) i would always pay off debt before buying gold (assuming there is some rea...
by bstewartny
Mon Oct 13, 2014 10:54 am
 
Forum: Investing - Theory, News & General
Topic: Gold: Is now the time?
Replies: 36
Views: 2343

Re: Thrivent Financial Experience

Its a well run company and nice people. I use them for term life insurance only (rates were pretty good). I would never use their funds or financial advisors - typical high fees, pushing annuities, etc. There would be value there for people who cannot or will not manage their own investments, but th...
by bstewartny
Fri Oct 10, 2014 9:14 am
 
Forum: Investing - Theory, News & General
Topic: Thrivent Financial Experience
Replies: 7
Views: 957

Re: Would you buy a house in cash if you had enough?

I would pay cash. Only because you'd still be left with 500K for investments. Also consider you will save potentially a few thousand dollars in closing costs by paying cash (depending on what state you live in), as well as possibly getting a better deal on the house. Also, you will be able to choose...
by bstewartny
Thu Oct 02, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house in cash if you had enough?
Replies: 59
Views: 4430

Re: Lakefront property with small children?

Some lakes are more dangerous than others - is the shoreline gradual or steep? Is it possible to "fall into" the lake from the shore line? I grew up with a vacation lake house, and it was awesome. It did have a large "beach" area and very shallow/gradual shoreline so it was (rela...
by bstewartny
Tue Sep 30, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2263

selling fund with correct cost basis method

I have a Vanguard Total Stock Market index fund, with both short-term and long-term gains. I want to as much of it as I can (for a large purchase) - but I only want to pay long-term gains. If I choose FIFO how can I know how much to see to only be liable for long-term gains? This particular fund is ...
by bstewartny
Mon Sep 29, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: selling fund with correct cost basis method
Replies: 2
Views: 216

Re: Tiny house movement.

I think it depends on how tidy and well organized the family is. We lived in a small house for a while but with 2 young kids, toys, etc. and not enough closet space for clothes, it was really hard to keep the place picked up. Typically we were tripping over piles of toys, plastic bins full of clothe...
by bstewartny
Tue Sep 16, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4385

Re: Why do so many think their home is a foolproof investmen

In high cost of living areas such as New York - people just don't have much choice, they will need to buy a home that takes all of their money - they need to convince themselves its a good investment.
by bstewartny
Tue Sep 16, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6658

Re: Why do so many think their home is a foolproof investmen

Because homes on Long Island are so expensive, it better be a good investment! :oops:
by bstewartny
Tue Sep 16, 2014 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6658

Re: Options vesting period coming to close, need advice

> Is my assumption about being responsible for earned income tax AND capital gains in scenario #1 correct? Yes - you will pay regular income tax on the gain (difference between strike price and market price when you sell). "Short-term" capital gains == normal income tax. You don't pay &quo...
by bstewartny
Fri Sep 12, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Options vesting period coming to close, need advice
Replies: 8
Views: 530

Re: Options vesting period coming to close, need advice

I am in almost the exact same position now. And I've been in the position in the past. My simple advice is this: "A bird in the hand is worth two in the bush" Sell what you can when you can and take if off the table... pay the taxes and move on. Diversify your wealth into a diversified sto...
by bstewartny
Fri Sep 12, 2014 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Options vesting period coming to close, need advice
Replies: 8
Views: 530

Re: What Movie Have You Recently Watched?

Chef - especially for foodies...
by bstewartny
Wed Sep 03, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 262
Views: 28399

Re: Mortgages and financial freedom

One thing to consider is what payment(s) will remain after the principal is fully repaid. Where I live, on Long Island, property taxes and insurance is more than 50% of my total mortgage payment. So paying off my mortgage principal would still leave me with around $2000 month payment for taxes and i...
by bstewartny
Thu Aug 28, 2014 7:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 7304

Re: New Car vs Used Car -- how to decide?

If you are "car guy" you want to drive something nice (nice looking, good handling, fast, etc.) - I buy used - how old and how much miles depends on the car. The key in my view, is knowing a good local mechanic who knows that make/model of car very well. Also, I'm a car nerd so I do my own...
by bstewartny
Tue May 13, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: New Car vs Used Car -- how to decide?
Replies: 29
Views: 2279

Re: HTML5 programming

If you can focus on a single browser as your target, you can get very far using javascript+html+css. The trouble occurs when need to support more than one browser. For example, I've had really good results building "native"-seeming iOS apps (iPhone) using jQuery+css+javascript, using some ...
by bstewartny
Tue May 13, 2014 9:08 am
 
Forum: Personal Consumer Issues
Topic: HTML5 programming
Replies: 11
Views: 1136

Re: Which car to get?

Never buy new. Always buy slightly used (2-3 years old, clean, low miles) direct from owner - in cash, never more than 20% of your annual income. Drive it until cost of repair > value of the car. Repeat. If you can afford it, get something nice: BMW, Audi, Volvo, Mercedes, etc. You will enjoy it mor...
by bstewartny
Tue May 06, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: Which car to get?
Replies: 10
Views: 845

Re: selling/buying house question

Thanks for all the replies. What I did not explain is that I am "tempted" to pay off the remaining mortgage now, because I have the cash to do it, and for logistical reasons we won't be selling/moving for at least 6 months. So paying off mortgage now will save me a few grand in interest (a...
by bstewartny
Wed Apr 16, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: selling/buying house question
Replies: 6
Views: 908

Re: selling/buying house question

>I agree with ps honore's point about a buyer not caring whether your house is paid off. I can see that buyer won't care if house is paid for, but is there a benefit in terms of faster closing (maybe not requiring extra bank at closing)? Are there any less fees involved (since no one has to file pap...
by bstewartny
Tue Apr 15, 2014 7:57 am
 
Forum: Personal Finance (Not Investing)
Topic: selling/buying house question
Replies: 6
Views: 908

selling/buying house question

I'm considering paying cash for a new larger house. I have some outstanding mortgage debt on my current house which I could pay off prior to selling (now). I would need my current equity from my current house in order to pay cash for a new one, so I'd need to sell my current house first before buyin...
by bstewartny
Mon Apr 14, 2014 3:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: selling/buying house question
Replies: 6
Views: 908

Re: investment with after tax money or pay off mortgage?

If your mortgage payment is not a "burden" financially, keep the mortgage and invest extra $$$ into 3-fund portfolio. Also, you are 33 and have 15 year loan - if you stay in your current home you'll be debt free at 48 which is not bad. Inflation will make your mortgage payment smaller over...
by bstewartny
Tue Nov 19, 2013 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment with after tax money or pay off mortgage?
Replies: 29
Views: 1968

Re: How did you decide to sell your stock options?

tdirgins wrote:Even if I thought they might go up, I always exercised on the vest date. Why? I am not a market timer nor can I predict the future. "A bird in the hand is worth two in the bush."


+100 for this.
by bstewartny
Wed Oct 30, 2013 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: How did you decide to sell your stock options?
Replies: 18
Views: 1386

Re: How do I determine Whether to Pay a one time premium for

If you need PMI you can't afford the house.
by bstewartny
Sat Oct 26, 2013 7:05 am
 
Forum: Personal Finance (Not Investing)
Topic: How do I determine Whether to Pay a one time premium for PMI
Replies: 5
Views: 479

Re: Software engineering jobs not paying that much?

Software engineer here. It's true salary will top out between 150k-200k in the coastal cities. Although cost of living is high where I live, That's still a good income for slinging code IMO. Personally I have been fortunate to cash in on significant stock options over the years at a couple different...
by bstewartny
Thu Oct 17, 2013 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Software engineering jobs not paying that much?
Replies: 25
Views: 3330

Re: Why doesn't anyone like working in finance?

For what its worth - as a software developer who has worked in a few wall-street firms (as a consultant, and for a couple financial software vendors), my take is it is too corporate for me (suits, politics, strict hours and other corporate "rules") - lots of competitive not-so-nice folks I...
by bstewartny
Tue Oct 15, 2013 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Why doesn't anyone like working in finance?
Replies: 27
Views: 3041

Re: Programming Linux

I'm a software engineer, and I started programming when I was 12 or 13, in 1982-83, on an old Apple II. You dont need anything fancy to get started, so an old linux computer will work just fine. Try using Python on linux. Its fairly simple language to get started with and you dont need any special t...
by bstewartny
Thu Oct 10, 2013 10:31 am
 
Forum: Personal Consumer Issues
Topic: Programming Linux
Replies: 23
Views: 1570

Help with investing a windfall

I have some newly vested stock options I am going to sell over next couple weeks. Total proceeds after taxes will be around $250,000. In addition, I will receive the same amount of shares (and hopefully higher $ amount), this time next year in Oct 2014. My question now is what the best way to invest...
by bstewartny
Tue Oct 01, 2013 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with investing a windfall
Replies: 4
Views: 672

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