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Re: Is this a good investment?

Ok I think the main question I have has not been answer. Lets forget the details and stick with this question. What are some methods I could use to determine adequate compensation for risking 50k into a business? Lets say this business passes the smell test and was verified by an accountant. How do...
by dailybagel
Sun Feb 01, 2015 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1040

Re: Northwestern Mutual Roth IRA

Your break-even point will probably be relatively short since you'll be saving those high insurance company annuity costs using low-cost Vanguard funds. I agree with Mel. If the annuity fees are 1.25% of your $10,000 assets, that is $125 per year in savings after switching to Vanguard. You will be ...
by dailybagel
Sun Feb 01, 2015 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 567

Re: question about investing in oil, USO

One question I would ask: does the asset fundamentally produce income when holding over time, or does it have a cost associated with holding it over time? Assets that produce income: ⋅ directly owned real estate ⋅ REITs ⋅ bonds ⋅ stocks ⋅ capital equ...
by dailybagel
Sat Jan 31, 2015 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: question about investing in oil, USO
Replies: 11
Views: 544

Re: Northwestern Mutual Roth IRA

The Northwestern Mutual website suggests this product is offered within a Variable Annuity. Is that your situation? If so, I would contact NM and ask them how for how long the termination fee will apply. For example, if the cancellation fee drops to $0 after 12 months, and your account is 11 months ...
by dailybagel
Sat Jan 31, 2015 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 567

Re: Is this a good investment?

I have an opportunity to buy into a business. The business has very little overhead, rent is currently 7% of gross. The value in the company is the education and experience of the two soon to be partners who are currently working for the company. Last year it grossed $450,000, with 3 employees and ...
by dailybagel
Sat Jan 31, 2015 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1040

Re: Northwestern Mutual Roth IRA

Could you post the ticker symbol and share class (if applicable) of the S&P fund you were invested in? That way, we can check if their cancellation fee is consistent with the fine print (which it presumably is).
by dailybagel
Sat Jan 31, 2015 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 567

Re: Best Book To Learn R Programming

I have used R in the past. Honestly, my impression is that it's too complicated, with too many special cases and implicit conventions (eg apply, lapply, sapply). If I were in your shoes, I would look at Python and the 'pandas' package before diving fully into R. It provides much of the power of R, b...
by dailybagel
Sun Jan 18, 2015 11:36 am
 
Forum: Personal Consumer Issues
Topic: Best Book To Learn R Programming
Replies: 32
Views: 3084

Re: penny smart, dollar stupid with cars

I think you should definitely not get a new car -- keep the truck or sell it and go car-free if your new city will allow it. People forget that there are a lot of transaction costs when purchasing a new or used car. Plus, it would increase your cost of insurance. By the way, since you have a truck, ...
by dailybagel
Sun May 25, 2014 8:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: penny smart, dollar stupid with cars
Replies: 24
Views: 3319

Re: Mortgage log jam

Here is my advice: do NOT let this seller's mortgage payoff amount influence what you pay for the house. Let's just assume that when the seller looks at all closing costs, mortgage payoff amount, etc, there is a sale price X at which the mortgage is paid off in full, the realtor is paid a commission...
by dailybagel
Fri May 23, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage log jam
Replies: 26
Views: 1511

Re: Electrical question

To first order, the high-voltage charger won't use more or less energy than the low-voltage charger. If the Tesla website suggests that the high-voltage charger leads to less charging costs, it may be more efficient. This is a second-order effect, related to "parasitic" losses. When transm...
by dailybagel
Sat May 17, 2014 10:41 pm
 
Forum: Personal Consumer Issues
Topic: Electrical question
Replies: 24
Views: 2187

Re: Advice for a private mortgage

The real reason for gift affadavits is this: if a parent (or any person) wants to lend a homebuyer $37,000, and the parent and the homebuyer have signed this formal document, the "unofficial loan" is basically unenforceable in court. A parent-lender who really wants to be paid back would n...
by dailybagel
Sat May 17, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for a private mortgage
Replies: 12
Views: 910

Re: Investing Money for House Purchase

Thank you so much for your advice. We are willing to take a risk for a chance to achieve a higher return (10-15%). We have been placed in American Funds Portfolio Series share class C. Did the advisor mention the costs of this investment? Looking at the "Balanced Portfolio" example here, ...
by dailybagel
Sat May 17, 2014 3:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Money for House Purchase
Replies: 21
Views: 1954

Re: Purchase a certified vehicle, looking for opinions

I would step back and ask what you really want and what you really need. If you want to buy a home, I predict this would delay you longer than the three to four months you mentioned. If the time frame is really that short, why don't you wait three to four months, save up the additional cash for the ...
by dailybagel
Sat May 17, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase a certified vehicle, looking for opinions
Replies: 8
Views: 473

Re: Replace Gas Guzzler with Toyota Prius Lease?

I suspect that you are letting your desire for a new car influence your analysis. Is $1800 really realistic for auto repairs if you keep the old car? Seems to me like an exaggeration that would tilt this question in favor of the Prius. Financially speaking, it would require very unusual circumstance...
by dailybagel
Sat May 17, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Replace Gas Guzzler with Toyota Prius Lease?
Replies: 24
Views: 2191

Re: Advice on house title - unmarried couple

It is in your son's interest to retain sole title of the house. This way, if the unmarried couple separates, there is no messy situation in which she owns 5% of a difficult-to-value asset. If there is a large unexpected bill relating to the house, he would pay it. As a trade-off, I think the young l...
by dailybagel
Sat May 17, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice on house title - unmarried couple
Replies: 30
Views: 2351

Re: Age 32 Roth Help

Having a good sum of money saved already, plus a mortgage halfway paid off at age 32, means the "dumb fisherman" label surely doesn't apply.

I would agree with Beth's suggestions above for fund choices in a Roth IRA.
by dailybagel
Sat May 17, 2014 9:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Age 32 Roth Help
Replies: 2
Views: 570

Re: funding retirement in one page

I smiled at the phrase "''selfie' pension". Do you mean by that a self-created pension, like an SPIA?
by dailybagel
Sat May 17, 2014 8:38 am
 
Forum: Investing - Theory, News & General
Topic: funding retirement in one page
Replies: 9
Views: 2302

Re: Obligations to help parents financially?

To the OP: I sympathize with the difficult position you've been placed in. Some people have written that you should wait until the bankruptcy is complete before making payments. This. You can't pay their debts in a bankruptcy situation to a specific creditor, although theses kinds of loans may have ...
by dailybagel
Sun May 11, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7405

Re: temp power of attorney for specific purpose of selling h

Are you using a real estate agent for this transaction? If so, he or she will likely have standard forms for this purpose. Those forms will likely be tailored to law and practice in Michigan. I agree with your idea about limiting the scope of the POA to this transaction and to a narrow window of tim...
by dailybagel
Sun Apr 06, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: temp power of attorney for specific purpose of selling house
Replies: 7
Views: 445

Re: Graduate School Loans

While it's not mathematically optimal, I would consider paying off some of the small loans first, in a hybrid of the debt snowball method. The debt snowball idea is to pay off small balances first. The advantage is that it simplifies your monthly accounting/paperwork after you pay accounts off in fu...
by dailybagel
Sun Apr 06, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Graduate School Loans
Replies: 13
Views: 1362

Re: How do I value my business?

If you want to see whether a premium exists, try raising your prices. Doesn't it bother you in some way that your customer resells the product for such a premium over their cost?
by dailybagel
Sat Apr 05, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do I value my business?
Replies: 6
Views: 736

Re: flood risk, where to get investment loan

Wanted to second mw1739's advice. Much better idea to lease a home for one year. If you buy, you will pay lots of transaction costs. Imagine 3% realty commissions, plus 1 or 2% in transfer taxes or recording fees. Plus, you'll have the risk that something goes wrong with the house during your period...
by dailybagel
Thu Apr 03, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: flood risk, where to get investment loan
Replies: 5
Views: 345

Re: Urge to buy a house every rent increase

Xiosen, could you send a short letter in reply to the notice of rent increase? You could make a counteroffer of 4%, citing the discussion you had with an employee. Nothing to lose with that approach.
by dailybagel
Thu Apr 03, 2014 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Urge to buy a house every rent increase
Replies: 29
Views: 1737

Re: Signing bonus as 401k contribution?

Other than company-specific bureaucratic or policy limitations, can anyone think of any legal reasons why a hiring company's signing bonus couldn't be given as an employer contribution to the soon-to-be-set-up 401k? I know that employers aren't limited to just matching contributions, as my current ...
by dailybagel
Wed Apr 02, 2014 11:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Signing bonus as 401k contribution?
Replies: 14
Views: 1342

Re: Older and Wiser - Allocation Advice After Rookie Mistake

You can find a lot of information on Roth vs traditional on the forums. What made the most sense to me was an article by "The Finance Buff" which argues that, with our progressive income tax, traditional has a strong advantage. http://thefinancebuff.com/case-against-roth-401k.html The opti...
by dailybagel
Wed Apr 02, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Older and Wiser - Allocation Advice After Rookie Mistake
Replies: 16
Views: 2255

Re: which fund for 23yr old

I hate to give the standard answer, but I think it depends on circumstances, other assets, desired risk level, and so on.

Is this for retirement savings, or savings with a shorter time horizon?
by dailybagel
Wed Apr 02, 2014 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: which fund for 23yr old
Replies: 10
Views: 681

Wealth management firms begin providing concierge services

A story by Liz Moyer in the Wall Street Journal describes how banks are beginning to provide personal concierge services, as a perk that comes with wealth management. http://online.wsj.com/article/SB10001424052702304026304579451392477121678.html From helping with the purchase of a plane to organizin...
by dailybagel
Sat Mar 22, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Wealth management firms begin providing concierge services
Replies: 5
Views: 1373

Re: Buying new phone outright vs 2 yr contract + ETF

Seems to me you didn't read my post. I'm not looking for suggestions. The question was, as clearly indicated in my original post: Why pay full retail price when you can get it cheaper via contract + ETF. The carrier (Verizon) was never in question - it's our only real option. When you limit yoursel...
by dailybagel
Thu Mar 20, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Buying new phone outright vs 2 yr contract + ETF
Replies: 45
Views: 2376

Re: Vanguard bond funds and leverage

Wouldn't individual 7-year corporates have a similar problem?

Or is he invoking an accounting fiction in which people don't mark-to-market for individual bond holdings?
by dailybagel
Wed Mar 12, 2014 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard bond funds and leverage
Replies: 6
Views: 602

Re: On the Borderline of Roth IRA's Income Limit

Do you currently have a balance in traditional IRA accounts? If no, then option (1) is pretty simple, and I would recommend that. The one-page tax form is not burdensome to fill out. If yes, then I think option (2) is better, because if you are eligible for direct contributions to a Roth, you can av...
by dailybagel
Sat Mar 08, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: On the Borderline of Roth IRA's Income Limit
Replies: 2
Views: 273

Re: Questions about a Lingering Divorce

Are both parents open to the idea of selling the house?

I agree with Michael Scott's suggestion to tread carefully. Even though you would be helping, you'd be the messenger of an unfortunate reality in your parents' situation: they may not be able to keep their current home.
by dailybagel
Sat Mar 08, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Questions about a Lingering Divorce
Replies: 28
Views: 1767

Re: I need a short term interest only loan. Advice?

Certainly. I don't like the idea either. For an amount this large, a loan secures by real property (your home) seems like the only option.

A 401(k) loan could be another option, but I would guess they have caps that are much lower than the amount you need.
by dailybagel
Sat Mar 08, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 614

Re: I need a short term interest only loan. Advice?

One possibility, outside a home equity loan or mortgage, is if you roll over an IRA or 401(k) from one provider to another. You could ask the current custodian to send you a check for the balance. You then have 60 days to deposit the funds with your new custodian. This is highly risky, of course, an...
by dailybagel
Sat Mar 08, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 614

Re: Overseas investor interested in US real estate

I would suggest a US REIT fund. I know it's not what you're asking about, but I think it will simply be too challenging to own RE from abroad. As discussed in many threads on REIT vs direct ownership, a non-negligible amount of the profit from owning real estate comes from performing property manage...
by dailybagel
Sun Mar 02, 2014 2:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 806

Re: Grad student portfolio

Congratulations on a great start. I tried doing the same thing as a grad student, and put some funds in a Roth IRA. My suggestion is definitely max out the Roth IRA if you can manage to. If you can't get there with your earnings, I would sell things in taxable and invest in the Roth IRA with the pro...
by dailybagel
Sun Mar 02, 2014 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grad student portfolio
Replies: 8
Views: 428

Re: Chart showing what percentage needed to recover

We can construct one with some algebra. Let's say that our original amount is $1000, and we experience a loss of p (a positive decimal). If the loss is 10%, for example, p would be 0.10. After the loss we would have (1000 - 1000p) dollars, and the question is, what percent gain would we need to get ...
by dailybagel
Sun Mar 02, 2014 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Chart showing what percentage needed to recover
Replies: 10
Views: 819

Re: Risky investment with a "guaranteed" principal return

What confusing to me is, would your $100,000 be a loan, or would it give you equity in the business, and lead you to own 100%of the business? (I am lumping your family member in with "you.") For example, let's say the restaurant is a screaming success. Can the operating partner buy you out...
by dailybagel
Sun Mar 02, 2014 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risky investment with a "guaranteed" principal return
Replies: 55
Views: 3960

Re: Help with Mortgage-speak!

Do you want to make an early payment so that you can skip the next month's payment? Or do you want to make a payment that reduces principle? Asking how you can make a payment "towards principle" is a standard question. But if you make such a payment, your regular payment will be due as usu...
by dailybagel
Tue Feb 25, 2014 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Mortgage-speak!
Replies: 27
Views: 1572

Re: Cash - Should we combine accounts into one?

I think there are two risks: fraud, and behavioral spending mistakes that come from commingled funds. Fraud could occur through someone obtaining your routing and account numbers, someone obtaining physical access to your debit card (loss or theft), or someone "skimming" the card. As an ex...
by dailybagel
Sat Feb 22, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash - Should we combine accounts into one?
Replies: 18
Views: 1288

Re: Selling propery - title insurance?

Title insurance is traditionally purchased by the buyer. The buyer is the beneficiary. The seller does not need to purchase a policy. Buyers and sellers are free to negotiate how closing costs are allocated between them. In this case, there is no special agreement that would shift the cost to the se...
by dailybagel
Fri Feb 21, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling propery - title insurance?
Replies: 7
Views: 473

Re: The Gecko cost me a lot of $. How often to switch car in

Unfortunately, the behavior you describe as "loyal" -- staying with a particular insurance company for years -- is viewed by the company as "price insensitive." It sounds like a lot of work, but I think it's necessary to shop for insurance every 2 years, or even every year, to be...
by dailybagel
Sat Feb 08, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 8141

Re: Any Hungarian, Polish, Argentinian, Portuguese Boglehea

Here are some common elements (in reverse time order, most recent (2013) to further back (2008): Thanks a lot, Barry B., for connecting the dots! I had a feeling LH might have been asking about calamities in national equities markets, but the pension raids you cited is the likely driver behind this...
by dailybagel
Sat Feb 08, 2014 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Any Hungarian, Polish, Argentinian, Portuguese Bogleheads?
Replies: 15
Views: 1772

Re: apple 4 or 5

I hope this question is appropriate for the forum. My contract is up for renewal for my cellphone. Verizon gave me an overview of the Apple 4 and 5 phone. I text and email as well as use the camera. I like the siri feature as well. Which phone would be best for me? I just upgraded from the iPhone 4...
by dailybagel
Sat Feb 08, 2014 9:47 am
 
Forum: Personal Consumer Issues
Topic: apple 4 or 5
Replies: 17
Views: 1217

Re: Amazon Prime Auto Renewal

I canceled amazon prime membership after auto-renewal.

Without any request from me, the amount I had been charged was automatically refunded to me on a prorated basis. I was satisfied with this, and appreciated the reasonable approach on amazon's part.
by dailybagel
Wed Feb 05, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Auto Renewal
Replies: 7
Views: 3325

Re: Talk Some Sense into me?

Can you ask if your company allows "in service rollovers," in which you roll over funds to an IRA?

Chances are slim, but it would give you a chance to explain why you're asking.
by dailybagel
Tue Feb 04, 2014 12:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Talk Some Sense into me?
Replies: 19
Views: 2112

Re: Bunch of Bogleheads > than 1 (Help with funding accounts

Will your employer allow 100% of your salary to be contributed? I know some plans have limits of 25 or 50%.

Presumably, your employer is the federal government if you are discussing the TSP.
by dailybagel
Sun Feb 02, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bunch of Bogleheads > than 1 (Help with funding accounts)
Replies: 5
Views: 328

Re: Keurig vs normal coffeemaker?

A related advantage is that it's easy to brew single cups of specialty coffee to suit individuals' tastes. For example, the machine could be used to quickly brew one cup of regular coffee, one cup of decaf, and one cup of hazelnut-flavored coffee.
by dailybagel
Sat Feb 01, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Keurig vs normal coffeemaker?
Replies: 131
Views: 8964

Re: citicard price rewind failure

Do the program rules specify that you'll get the lowest price during the entire 30-day interval? As opposed to the lowest price on the 30th day?
by dailybagel
Sun Jan 26, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: citicard price rewind failure
Replies: 6
Views: 923

Re: good coffee grinder and roaster

I would suggest you get started with a grinder first, and make sure you enjoy he fruits of the hobby before getting a roaster.

I use a Bodum bistro burr grinder, and make espresso in a Breville machine. I enjoy it a lot.
by dailybagel
Sun Jan 26, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: good coffee grinder and roaster
Replies: 19
Views: 1448

Re: 25 starting, high student loans, c.o.l. area, modest inc

Welcome to the forum! I don't have any special expertise, but I can make two suggestions: 1. Try to keep the rent down. I know it's tough in metro Boston. I lived in the area for six years. If you can find roommates, it would be a big help. Based on my own experience, I'd suggest you check out Medfo...
by dailybagel
Sun Jan 26, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25 starting, high student loans, c.o.l. area, modest income
Replies: 6
Views: 959
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