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American in need of Premier team to root for

I really enjoyed the World Cup and have decided to try to integrate soccer into my sports-watching life. After poking around a bit, I came across the Premier League and there were a few things I liked about it: evidently it features the highest level of play and most exciting soccer and rivalries, N...
by glaucus
Mon Jul 21, 2014 9:38 am
 
Forum: Personal Consumer Issues
Topic: American in need of Premier team to root for
Replies: 21
Views: 1085

Re: new car buying strategy - disclose trade-in up front?

Rodc wrote: Why would you think they are working in your best interest instead of their own? I don't think that. I'll put it another way. If I emailed 25 regional dealers and said "I want new car X and have used car Y to trade in, give me your best price", I would get back 25 offers to con...
by glaucus
Thu Jun 05, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: new car buying strategy - disclose trade-in up front?
Replies: 14
Views: 1101

Re: new car buying strategy - disclose trade-in up front?

The trade in is a 2007 Prius in good/very-good condition. On memory according to KBB, it's worth ~$9K trade in or ~$11-12K fair market value.
by glaucus
Thu Jun 05, 2014 9:44 am
 
Forum: Personal Consumer Issues
Topic: new car buying strategy - disclose trade-in up front?
Replies: 14
Views: 1101

new car buying strategy - disclose trade-in up front?

I have seen it mentioned that in order to get the best price on a new car, it is good practice to withhold the fact that you have a trade-in until after you have worked out the lowest price on the new car. However, I am beginning to think it might be better to disclose that I do have a trade-in up f...
by glaucus
Thu Jun 05, 2014 9:30 am
 
Forum: Personal Consumer Issues
Topic: new car buying strategy - disclose trade-in up front?
Replies: 14
Views: 1101

Re: Are hybrid cars a good idea yet?

Yet? They've been a good idea for a long time. As others have mentioned, it's more than just a purely financial consideration. It you're going purely on finances, walking and biking are the best, followed by bus and subway. However, the financial consideration I made when I bought a Prius is that th...
by glaucus
Thu May 29, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 8287

"Fortune favors the bold" (or does it?)

We've all heard it: "Fortune favors the bold." But does it? I was watching a documentary on Elon Musk and how he took all these crazy risks to get to where he is today. One of the people they interviewed said something along the lines of "you can't make it big unless you put all your ...
by glaucus
Mon May 12, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: "Fortune favors the bold" (or does it?)
Replies: 31
Views: 2532

Re: Try for a shortcut to promotion, or not worth the risk?

technovelist wrote: I hope you have a backup plan for finding another job in another company if your plan goes awry. I have been on the receiving end of a manager's wrath and it isn't a place I want to be in again if I don't have the ability to quit if necessary. That sounds like a vote for 'be pati...
by glaucus
Fri Mar 07, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Re: Try for a shortcut to promotion, or not worth the risk?

Fair enough, midareff. I'm just not sure how I'd couch it. When I've asked him before if I should talk to the big boss about this, he's said something to the effect of "that's not necessary". But at this point, I'm wondering, "not necessary for whom??".
by glaucus
Fri Mar 07, 2014 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Re: Try for a shortcut to promotion, or not worth the risk?

I wanted to give a quick update to this situation. I decided to talk to the HR person I referenced. I had a good conversation with her and expressed my intent and sincerity in assuming more responsibility and moving up. She gave me a little inside information into the mind of the big boss in terms o...
by glaucus
Fri Mar 07, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Re: Try for a shortcut to promotion, or not worth the risk?

Thank you all for the reasonable perspectives. I have considered another option: approaching a senior HR person who I trust. Under ideal circumstances, my talking points would go something like this (obviously shortened down): ------------- I like it here and want to stay. After three years, I now e...
by glaucus
Tue Feb 11, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Re: Try for a shortcut to promotion, or not worth the risk?

mlips wrote: With three years experience in the company and a good relationship with your manager, I find it hard to imagine he/she would be offended that you wish to change divisions. Well, the issue is that I have approached him about this before, and I have gotten some additional responsibilities...
by glaucus
Mon Feb 10, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Try for a shortcut to promotion, or not worth the risk?

I'm a mid-30's professional with 10 years experience in my field and have been working at a small organization (~30 people) for the past 3 years. I have developed into a trusted 'right-hand man' and have good working relationships with all of my contemporaries and senior managers. However, I have re...
by glaucus
Mon Feb 10, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Try for a shortcut to promotion, or not worth the risk?
Replies: 15
Views: 1649

Successful out-of-state job search strategy?

I will be embarking on an out-of-state job search in the not-too-distant future. I've been out of the loop job search-wise for about 8 years, so I'm a little rusty on how folks are finding jobs these days. What are the websites I should familiarize myself with? I'm pretty deep into LinkedIn and plan...
by glaucus
Mon Jan 27, 2014 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Successful out-of-state job search strategy?
Replies: 3
Views: 479

Re: house buying - avoid a gift tax?

Calm Man, I hear where you're coming from but the mess factor would be limited to the add-on cash we give her. Other than that it's a straight-up rent situation. If we divorce god forbid I guess I walk away short of my portion of the add-on cash. I guess I could get some agreement written up but it ...
by glaucus
Tue Oct 22, 2013 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

placeholder wrote: The question was not what forms to file but how much would you pay? As I wrote above: First, based on further research it looks like if we were to hand her a check for over $14,000 then I would have to file a form 709 to report the gift. Then, this would eat into my lifetime gift ...
by glaucus
Tue Oct 22, 2013 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

island wrote: But if you move out of the condo then she has to rent it to someone else. Or sell it which comes with it's own hassles and expenses. Have you checked if she's willing to do that? You said all her wealth is tied up in property so how would she cover the costs of that? Yeah, the idea wou...
by glaucus
Tue Oct 22, 2013 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

sscritic wrote:
The IRS doesn't notice; you tell them.

So, if my wife and I were to give her more than $14K each (over $28K total) then we'd have to submit form 709, correct?
by glaucus
Tue Oct 22, 2013 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

Watty wrote: Could your monther in law just get a mortage or home equity loan on the new house to cover the difference? I really don't know how home equity loans work, but I can ask her. I think part of the issue is that she doesn't want to rent it out to anyone but us (too much hassle she suspects,...
by glaucus
Tue Oct 22, 2013 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

A few things: First, based on further research it looks like if we were to hand her a check for over $14,000 then I would have to file a form 709 to report the gift. Then, this would eat into my lifetime gift exclusion which I'll never use up anyway. And best of all - no penalty. So that's good news...
by glaucus
Tue Oct 22, 2013 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

Re: house buying - avoid a gift tax?

placeholder said:
What gift tax? Have you actually looked into the laws?

Yeah. It kinda stinks but it turns out you can't just hand someone $75,000 without the IRS noticing.
by glaucus
Tue Oct 22, 2013 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

house buying - avoid a gift tax?

My wife and I have a 2 year old daughter and currently live in a condo in an urban neighborhood in a high cost of living Metro on the east coast. My mother in law purchased the condo 6 years ago as an investment property which she rented out to her daughter (my then-girlfriend, now wife). Since this...
by glaucus
Tue Oct 22, 2013 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: house buying - avoid a gift tax?
Replies: 23
Views: 1317

'my' retirement or 'our' retirement?

There are numerous calculations and rules of thumb to use when determining if you are on the path to saving enough for retirement. I've used several of these tools and I've noticed that seemingly all of them are geared toward computing one's individual progress, but not a couple's joint progress. Of...
by glaucus
Fri Jul 12, 2013 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: 'my' retirement or 'our' retirement?
Replies: 18
Views: 2394

Retirement, taxes, and order of operations?

My wife and I have a few retirement accounts and we'd like to know which ones we should be prioritizing from a tax-efficiency perspective. My retirement accounts: 401a (automatic 5% contribution; can't contribute additional amount) 457b through work Roth IRA Wife's retirement accounts: 401a (automat...
by glaucus
Tue Jul 02, 2013 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement, taxes, and order of operations?
Replies: 2
Views: 359

the (mid-to-long term) effect of FED tapering

Very recently the FED announced that it would begin considering tapering down its buying of bonds. This has had a few short-term effects: interest rates are rising and equity (and especially gold) prices are declining. I suppose the thinking is that the dollar will preserve its value if the bond buy...
by glaucus
Thu Jun 27, 2013 2:27 pm
 
Forum: Investing - Theory, News & General
Topic: the (mid-to-long term) effect of FED tapering
Replies: 6
Views: 592

Re: Bogleheads Without Avatars

bottomfisher wrote: Having a difficult time finding likeable avatar that meets the 100 x 100 pixel limitation. Is there a way to convert saved image on my computer from highr pixel to lower pixel resolution? Save an image and open it up in the 'paint' program (located in 'accessories' under 'all pro...
by glaucus
Mon Jun 24, 2013 10:58 am
 
Forum: Forum Issues and Administration
Topic: Bogleheads Without Avatars
Replies: 197
Views: 14449

REIT's vs. home ownership

I currently do not own my own home but want additional exposure to real estate. This got me thinking about the differences in ROI between home ownership and just owning a ton in REIT's. I know there would be practical differences between the two strategies of course (like that REIT's pay dividends a...
by glaucus
Mon Jun 24, 2013 10:52 am
 
Forum: Investing - Help with Personal Investments
Topic: REIT's vs. home ownership
Replies: 2
Views: 515

Target date funds - diversification concern

Nearly all of my retirement savings are currently in a Vanguard target date fund (VFORX). This is mainly because I'm not too savvy investment-wise (yet) :D. I understand that target date funds are good for asset allocation purposes, but are they sufficiently well-diversified? In other words, should ...
by glaucus
Mon Jun 24, 2013 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Target date funds - diversification concern
Replies: 2
Views: 311

Re: Why is the Market having a major sell off?

technovelist wrote:
Get your wheelbarrows ready...

And yet gold is down 5+%.
by glaucus
Thu Jun 20, 2013 11:20 am
 
Forum: Investing - Theory, News & General
Topic: Why is the Market having a major sell off?
Replies: 121
Views: 8213

Re: Why is the Market having a major sell off?

Yeah, I would have thought all this tapering talk was baked in, but I guess not.
by glaucus
Thu Jun 20, 2013 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Why is the Market having a major sell off?
Replies: 121
Views: 8213

Re: A thought on net worth 'skewedness'

It's interesting to see the distribution of answers and justifications people give. This afternoon I've been considering further aspects of the psychological gulf between being in the situation of Person A or B. Going a little deeper, one might infer that Person A is bullish on the future. He's bett...
by glaucus
Wed Jun 19, 2013 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: A thought on net worth 'skewedness'
Replies: 53
Views: 3510

A thought on net worth 'skewedness'

As a mathematical concept net worth is simply assets minus liabilties. It's a useful measure of your financial health, but only tells part of the story about your overall financial situation. It leaves out a great deal about your risks and opportunities. My suspicion is that the relative quantities ...
by glaucus
Wed Jun 19, 2013 11:25 am
 
Forum: Investing - Theory, News & General
Topic: A thought on net worth 'skewedness'
Replies: 53
Views: 3510

Re: jumpstart Roth contribution, or don't take the bait?

connya wrote:
The point of this whole exercise is to reserve that $5000 space in your Roth. You can only contribute a limited amount a year, and if you don't contribute for 2013 you will lose that $5000 space forever.

Great explanation, connya. That makes the upside crystal clear.
by glaucus
Tue Jun 18, 2013 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: jumpstart Roth contribution, or don't take the bait?
Replies: 15
Views: 1063

Re: jumpstart Roth contribution, or don't take the bait?

NightOwl wrote: It might make sense to hold some of your emergency cash inside the Roth IRA -- see the Wiki article Roth IRA as an emergency fund. Thanks for the link. I read the wiki article and it makes sense up until the bottom where it has this: But in the Roth as Emergency Fund scenario you hav...
by glaucus
Tue Jun 18, 2013 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: jumpstart Roth contribution, or don't take the bait?
Replies: 15
Views: 1063

Re: What age did you reach 100K networth?

Mudpuppy wrote: Financial health of relatives also plays a large roll. I know there are many Bogleheads like myself who come from working poor families, and there is no doubt the path to the first 100k differs for these people than for those who come from more fiscally stable families. For starters,...
by glaucus
Tue Jun 18, 2013 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 34270

Re: jumpstart Roth contribution, or don't take the bait?

Twins Fan wrote: Do you have $5000 in savings you can throw in there? No dry powder lying around unfortunately... if I did it would come out of my emergency cash which I wouldn't want to do. Twins Fan wrote: Now if you could find a time machine and go back to "front load" at 25 years old, ...
by glaucus
Tue Jun 18, 2013 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: jumpstart Roth contribution, or don't take the bait?
Replies: 15
Views: 1063

Re: jumpstart Roth contribution, or don't take the bait?

ResearchMed said: Who is offering this "bait"? And why? The fact that you are using that word doesn't bode well. It's a balance transfer check offer through Chase. I can write a check to myself for $5000 and my Chase credit card balance goes to $5050 at 0% interest for 12 payment periods. ...
by glaucus
Tue Jun 18, 2013 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: jumpstart Roth contribution, or don't take the bait?
Replies: 15
Views: 1063

jumpstart Roth contribution, or don't take the bait?

Context: I'm 35 years old and about halfway where I need to be for my age retirement-savings wise. However, on the plus side I have ostensibly no debt and a decent income. A few weeks ago I opened up a Roth IRA I have been funding it little by little since then and I'm on schedule to max out my cont...
by glaucus
Tue Jun 18, 2013 10:26 am
 
Forum: Investing - Help with Personal Investments
Topic: jumpstart Roth contribution, or don't take the bait?
Replies: 15
Views: 1063

Re: Time to look at a VIX ETF?

Thanks for the explanation, linguini. I'm clear to the degree that I'm not going to pursue it.
by glaucus
Wed Jun 05, 2013 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Time to look at a VIX ETF?

Thanks for the responses. Jacob, the link you provide was super helpful in explaining how and why leverage is not a good idea. So let's leave that issue aside for the moment and focus in on VIX-tracking options like VelocityShares Long VIX Medium Term ETN (VIIZ). It is NOT leveraged, but instead tra...
by glaucus
Tue Jun 04, 2013 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Time to look at a VIX ETF?

linguini, thank you for the helpful response. Now we're getting somewhere. Yes, I'm clear that there is no underlying investment. And yes, I'm aware that it has lost 99% of its value over the past 2 years or so. However, what I'm trying to establish is if at such a low price it might be worth invest...
by glaucus
Mon Jun 03, 2013 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Time to look at a VIX ETF?

We all make suppositions. My two here are that: 1) UVXY is an equity, and that 2) it's good to buy when low and sell when high(er). This is my baseline. Please correct me if I misunderstand something about this (again, that's entirely possible).
by glaucus
Mon Jun 03, 2013 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Time to look at a VIX ETF?

Thanks Tom, I'll check that out. Don't know how I missed it in the search. :confused

Investing Is Boring, I don't own anything - just trying to get educated on volatility ETF's.
by glaucus
Mon Jun 03, 2013 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Time to look at a VIX ETF?

For UVXY, it says "The investment seeks to replicate, net of expenses, twice the return of the S&P500 VIX Short-term Futures for a single day. ... Since VIX is not directly investable, exposure to equity volatility is often obtained through VIX futures."
by glaucus
Mon Jun 03, 2013 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Time to look at a VIX ETF?

I recently opened a Scottrade account and started noodling around the site this morning to become familiar with its offerings before I invested anything. My goal is to become familiar with how the different investments 'work' so that I have a firm understanding of the products I may be interested in...
by glaucus
Mon Jun 03, 2013 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to look at a VIX ETF?
Replies: 20
Views: 1350

Re: Family physician: how to retire?

Wow, thanks for the responses everyone. You've given me some good general directions to pursue. After having re-read what I wrote, I see how the context could be misconstrued. Of course it's not a matter of him being ignorant or me attempting to treat him like a child; it's just that the prospect of...
by glaucus
Mon Apr 22, 2013 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family physician: how to retire?
Replies: 20
Views: 2708

Family physician: how to retire?

My father in law is a family physician who has been practicing in Maryland for 25-30 years. He's beginning to contemplate retirement in the near future but has confided in me and my wife that he doesn't know how to do so. He is intimidated by the prospect of selling the practice and the difficulty t...
by glaucus
Mon Apr 22, 2013 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family physician: how to retire?
Replies: 20
Views: 2708

What would a bond market 'blow-up' look like?

There's been a lot of talk in the media lately about the potential for the bond market to 'blow up', particularly should interest rates suddenly rise sharply. Bonds make up a decent percent of my investment portfolio at the moment, so I'm curious as to what this 'blow up' would look like. I'm somewh...
by glaucus
Sun Apr 07, 2013 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would a bond market 'blow-up' look like?
Replies: 15
Views: 1566

Need a good book on negotiating

Is anyone aware of a good book on building everyday negotiating skills? After scouring Amazon, there are four I'm considering: Influence - Cialdini Bargaining for Advantage - Shell Getting to Yes - Fisher The Negotiating Game - Karrass Is any one better than the others? Do you have any other titles ...
by glaucus
Thu Mar 14, 2013 10:11 am
 
Forum: Personal Consumer Issues
Topic: Need a good book on negotiating
Replies: 24
Views: 1898

Re: Neglected investment account - death by fees

tfb, you're absolutely right. But according to the rep in this case the fee structure was instituted a few years after the account was opened and went unnoticed until recently. I would think no small peanut investor in their right mind would open a new account with UBS under their new fee paradigm.
by glaucus
Fri Jan 18, 2013 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Neglected investment account - death by fees
Replies: 17
Views: 962

Re: Neglected investment account - death by fees

Thanks for the well thought out suggestion, nisiprius. I'll give it a shot and let you all know how it turns out when (if?) I get a response.
by glaucus
Fri Jan 18, 2013 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Neglected investment account - death by fees
Replies: 17
Views: 962
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