Search found 1385 matches

by inbox788
Wed Jul 01, 2015 3:04 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 144
Views: 19083

Re: When saving money becomes an irrational obsession

to each his own.. it doesn't make sense to me to have millions of dollars in investments, but drive an old camry or a fit. But it makes sense to some.. can't figure that out The Fit is pretty sweet though. If I had millions of dollars I would probably trade in my old one for a new one. I would real...
by inbox788
Wed Jul 01, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 56
Views: 3570

Re: Not a "Lost Decade" for The Three Fund Portfolio

I'd hate to imagine the conditions where the market won't go up in the long term and the resulting consequences. We've already just experienced a lost decade. inbox 788: These are the 10-year dollar and (annualized returns) for $10,000 invested in each of the three index funds in The Three Fund Por...
by inbox788
Wed Jul 01, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 58
Views: 2659

Re: Obsessing towards zero balance on credit card.

If you're uncomfortable being on the "hook" for a credit card balance you can pretty much eliminate that issue and still collect your reward points for purchases why not just carry a credit balance on the account? Figure out what your likely maximum use is per month and send in a payment....
by inbox788
Tue Jun 30, 2015 6:38 pm
Forum: Investing - Theory, News & General
Topic: Emergency Portfolio with 30% Stocks
Replies: 33
Views: 1639

Re: Emergency Portfolio with 30% Stocks

IMO, stocks and emergency fund shouldn't be mixed. There is huge variation of recommendations here, largely because the emergency fund idea has been taken to extremes. A simple 3-6 months of basic expenses (food, rent/mortgage, utilities) is sufficient to get over a personal emergency (broken major ...
by inbox788
Tue Jun 30, 2015 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 56
Views: 3570

Re: How do you Lazy portfolio funders deal with dips in the market?

OTOH, if the market doesn't go up over the long term, then we are all screwed anyways. I'd hate to imagine the conditions where the market won't go up in the long term and the resulting consequences. We've already just experienced a lost decade. FWIW, I bought some international and us index funds ...
by inbox788
Tue Jun 30, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: "imputed interest on family loans" ?
Replies: 9
Views: 546

Re: "imputed interest on family loans" ?

You're doing a good deed, and the system looks for ways to punish you. I don't think the intent of these laws is to apply to your situation, but you're caught up with possible abuse cases they are trying to prevent. Is this a personal loan or a business loan? Will you try to write off the loss if it...
by inbox788
Mon Jun 29, 2015 5:21 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 49
Views: 3609

Re: Smart phone data usage

Didn't see Tracfone mentioned yet. They are Verizon MVNO 3G and recently adding 4G/LTE. They're often paired with low end android phones but they have a BYOP that includes iPhones. For less than $10/month, you get 100 voice, 100 text, and 100mb with rollover (that's how I think of their 1200 minute ...
by inbox788
Mon Jun 29, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 30
Views: 2751

Re: Housing Market in Southern California

So today, I went to 6 open house. Prices are in the $800-900s k. Good areas (Pasadena, Sierra Madra, Monrovia, Arcadia). To my surprise: 3 houses: nobody was there 3 houses: only a couple of people were there Did you have a similar experience? I haven't seen data to back this up, but I wonder if op...
by inbox788
Thu Jun 18, 2015 6:47 pm
Forum: Investing - Theory, News & General
Topic: Betterment Review
Replies: 79
Views: 6489

Re: Betterment Review

Is this a taxable account? I am not crazy about having a computer rebalance my portfolio but I am, just keeping a small portion there for now and will see how it goes over the next year. A question - does betterment let you choose your portfolio, and then they will rebalance to your choices? I'd be ...
by inbox788
Thu Jun 11, 2015 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refi - Releasing the cosigner
Replies: 11
Views: 1019

Re: Student Loan Refi - Releasing the cosigner

Co-signers are great...for the lender. When a borrower stops making payments, interest racks up, late fees rack up, collection fees rack up, legal fees rack up, and after a while, sometimes a long while, get in contact with the deep pocket co-signer and collect all the bonuses.
by inbox788
Wed Jun 10, 2015 12:33 pm
Forum: Personal Consumer Issues
Topic: Rent a bike in SF, ride to LA, and drop it off?
Replies: 23
Views: 1612

Re: Rent a bike in SF, ride to LA, and drop it off?

Why start in SF and drop off in LA? Why not go the other way? You could price it differently to get the supply/demand in balance like one way rental cars. For example, $200 rental charge either way, but $200 drop off in LA (to return bike to SF), or no drop-off fee if going to SF. Heck, even give a ...
by inbox788
Sat May 23, 2015 2:37 am
Forum: Investing - Help with Personal Investments
Topic: 529 before conceiving a child?
Replies: 12
Views: 843

Re: 529 before conceiving a child?

Focus your savings on maximizing your retirement plans, paying off debt, paying a big down payment on a house. Good suggestions whether there is a child or not. Secure your future first before worrying about next generation. Like they say, you can always borrow for college, but it's hard to borrow ...
by inbox788
Fri May 22, 2015 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 4588

Re: Not able to max out all the retirement accounts

Our household income is between 110K to 120K a year. We need 5K a month for all expenses for family of 4. Not with all these deductions: taxes, health insurance, disability insurance, pension, life insurance. I am also in school and we have to pay for books and tuition. We need: 36K for 401Ks, 18K ...
by inbox788
Fri May 22, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 4588

Re: Not able to max out all the retirement accounts

I read that net worth progression thread....I was noticing some had approx $300K/year over year gains on a $1M portfolio and thinking - wow! what kind of index funds are earning close to 30% a year? ;) Actually, just about everyone was in 2013! And up another 20% in 2014. Good time to be in the mar...
by inbox788
Thu May 21, 2015 1:33 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 81
Views: 11077

Re: Neighbor hired a surveyor. Should I be nervous?

Please tell me where I said it wasn't my fault. My landscaper and I accepted fault and put it back the way it was. I said he was being unreasonable about the whole thing based on what was common in the neighborhood. Now we are only 1 of two houses out of 40 that don't have connecting beds around th...
by inbox788
Thu May 21, 2015 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lending a car to a niece for a few months - how to arrange insurance
Replies: 10
Views: 1130

Re: Lending a car to a niece for a few months - how to arrange insurance

I didn't see this suggestion or missed it, but why doesn't she just get insurance? Maybe your insurance company may add her to your policy or she can insure in her state with a different company. If need be, sign a contract with your niece for the use of the car. http://www.carinsurancecomparison.co...
by inbox788
Wed May 20, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 80
Views: 7643

Re: Lexus vs. MB vs. BMW

I'm looking for a compact SUV, and thus far I've got it down to the RX 350 vs. the M-class vs. the X5. I think "Luxury Midsize SUVs" is a better description. http://usnews.rankingsandreviews.com/cars-trucks/rankings/Luxury-Midsize-SUVs/ Have considered all of them and pretty much eliminat...
by inbox788
Tue May 19, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 3810

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

Yes, diversify! What is your tax bracket? Will you be in a lower tax bracket in the future? You're going to pay taxes either now or later, so the tax is likely to be a wash. Assuming you're 50% in company stock and 50% diversified, if you do nothing, in 3 years, what percentages be? In a worse case ...
by inbox788
Mon May 18, 2015 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Any ContraFund Fans Here?
Replies: 7
Views: 649

Re: Any ContraFund Fans Here?

I was where you were about 3 years ago, having held Contrafund and Fidelity OTC for over a decade and both have done fairly well, but the higher fees bothered me. It took me a year to decide to move away, and then it was easier to slowly shift about a quarter of my Contrafund holdings at a time. I'm...
by inbox788
Sun May 17, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans- Consolidate or Not?
Replies: 6
Views: 612

Re: Student Loans- Consolidate or Not?

Hey Everyone, Just want everyone's advice. My loans from college and medical school are coming due next month. Between the eight years of higher education and the crazy loan buying/selling market, I now have twelve separate loans with four service providers(started with one service provider). The l...
by inbox788
Sun May 17, 2015 12:04 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 193
Views: 13116

Re: Aren't we overdoing electronic auto safety features?

I guess what we need to see is whether insurance companies are offering premium reductions for collision and PDI coverage for vehicles equipped with forward collision mitigation technology. The assumption is that reduced accident rates will result in lower premiums, but it's likely premiums will in...
by inbox788
Sun May 17, 2015 11:50 am
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 193
Views: 13116

Re: Aren't we overdoing electronic auto safety features?

This report by IIHS looks at Mercedes vehicles insurance claims of a specific model with vs without specific safety features. Several features show statistical benefit with active curve illumination, high intensity lights, and Mercedes versions of precollision and autonomous braking each showing st...
by inbox788
Sat May 16, 2015 10:51 pm
Forum: Personal Consumer Issues
Topic: shower glass coating that resists stains? does it work?
Replies: 10
Views: 1331

Re: shower glass coating that resists stains? does it work?

You can also use good quality Carnuba car wax and wax all parts of your shower (if you have a smooth finish tile/material) except for the floor--- if you do it with new tile it works great and will last for several months before another coating is needed--and keep grout and tile from having water d...
by inbox788
Sat May 16, 2015 1:59 pm
Forum: Personal Consumer Issues
Topic: Should I buy a lighter bicycle or lose body weight?
Replies: 53
Views: 4398

Re: Should I buy a lighter bicycle or lose body weight?

If I lose 3 pounds of body weight, is that the equivalent of buying a 3 pounds lighter bike? NO! 1) The simple, but incorrect short answer is the difference is insignificant. And of course you should do both to maximize performance. 2) If you wanted to drop 3 pounds, the fastest and cheapest way is...
by inbox788
Sat May 16, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from IRS (I think they are wrong)
Replies: 21
Views: 2958

Re: Letter from IRS (I think they are wrong)

You can elect to treat just enough qualified dividends and long-term capital gains as ordinary income to free up your investment interest expense. The remainder of qualified income still gets the preferential rate. If this is the case but you did not compute the tax correctly on your return, the IR...
by inbox788
Sat May 16, 2015 11:03 am
Forum: Personal Consumer Issues
Topic: Where to buy Sprint Samsung S3 phone??
Replies: 5
Views: 341

Re: Where to buy Sprint Samsung S3 phone??

Hi, My son broke his Sprint Samsung S3 phone. I am looking for a replacement. Used aka refurnished phone is fine. It will be used on family shared data plan. Any good recommendation as to where to get it?? From Amazon, I see price ranging from $75 to $85. Thanks. KlangFool If you're looking to buy ...
by inbox788
Sat May 16, 2015 3:18 am
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 8983

Re: Best Asset Allocation if you've "won the game"

I could probably get by withdrawing 4% of assets each year. I do care how much is left when I die, in fact I would gladly try to live off earnings and try to keep the principal intact. My main concern is having an allocation now that does not prohibit me from retiring in 6 years should the market t...
by inbox788
Fri May 15, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6667

Re: Am I a Millionaire???

You could always buy a $1M life insurance policy an die a millionaire. Love this one...finally a reason to have life insurance...'he always wanted to be special and died a millionaire' If I make this out to a charity, could I somehow tax deduct my life insurance contribution as a donation ? Just cu...
by inbox788
Fri May 15, 2015 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6667

Re: Am I a Millionaire???

You could always buy a $1M life insurance policy an die a millionaire. Love this one...finally a reason to have life insurance...'he always wanted to be special and died a millionaire' If I make this out to a charity, could I somehow tax deduct my life insurance contribution as a donation ? Just cu...
by inbox788
Fri May 15, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 9529

Re: How much can I spend on a car?

The dealer rule of thumb is 25% on car/transportation expenses (after 50% housing, 25% for everything else, and borrowing to pay taxes). If you make $50k/year, you can afford $12.5k/year x 5 years, so $62.5k (almost twice the Corolla, but not quite th 528i). A good salesman would guide you towards ...
by inbox788
Fri May 15, 2015 1:32 pm
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 193
Views: 13116

Re: Aren't we overdoing electronic auto safety features?

So my question is this: if I pay thousands of dollars to add safety options such as lane change monitoring, automatic braking, adaptive cruise control, blind spot monitoring, etc. to my new vehicle, how much will this actually improve my chances of not getting killed in a car accident over my lifet...
by inbox788
Fri May 15, 2015 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6667

Re: Am I a Millionaire???

Inflation has done a real number on the term. When the term was used, the affluent and wealthy aspired to be millionaires. Today, it really refers to those who are multimillionaires and billionaires. http://en.wikipedia.org/wiki/Millionaire At one point in time, the American Express Gold card meant ...
by inbox788
Fri May 15, 2015 12:12 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 9529

Re: How much can I spend on a car?

How much can you spend? Check how much your portfolio went UP today. That's the amount you can spend on a car: Basically a one day gain in your portfolio on a great day. US total market went up by about 1% today. Using that as representative portfolio gain for the day, the livesoft rule of thumb is...
by inbox788
Fri May 15, 2015 10:54 am
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 8983

Re: Best Asset Allocation if you've "won the game"

I think the 50/50 answer is adequate for an I don't know the future standpoint. The difficulty is in rebalancing, especially if there is a prolonged bottom. I'm not there yet, but have thought about the idea of 5-10 years of expenses in cash/safe bonds, and investing the rest more aggressively (i.e....
by inbox788
Thu May 14, 2015 5:16 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 9529

Re: The Million Dollar Car

The savings from buying a less expensive car are enormous. For example, Edmonds gives the five-year "True Cost to Own" for various automobiles: A new BMW 528i Sedan costs $55,264 with a 5-Year True Cost to Own of $74,419. A new Toyota Corolla Sedan costs $18,165 with a 5-Year True Cost to...
by inbox788
Thu May 14, 2015 3:10 pm
Forum: Investing - Theory, News & General
Topic: Why is the nasdaq higher than the S&P500 index?
Replies: 8
Views: 1062

Re: Why is the nasdaq higher than the S&P500 index?

A better question is, why is the nasdaq outperforming the sp500 over the last 12 months or over the last X years? https://ca.finance.yahoo.com/q/bc?t=1y&s=QQQ&l=on&z=l&q=l&c=&ql=1&c=%5EGSPC https://ca.finance.yahoo.com/q/bc?t=1y&s=QQQ&l=on&z=l&q=l&c=&a...
by inbox788
Thu May 14, 2015 2:14 am
Forum: Personal Consumer Issues
Topic: Make my iPhone switch from WiFi to mobile data when WiFi signal is low
Replies: 10
Views: 908

Re: Make my iPhone switch from WiFi to mobile data when WiFi signal is low

I googled and found an answer that might work, SwitchData, but it requires Jailbreaking (i.e. http://pangu8.com/ and other).

http://www.addictivetips.com/ios/automa ... al-is-low/
by inbox788
Wed May 13, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Replace timing belt on old car with multiple issues?
Replies: 13
Views: 1258

Re: Replace timing belt on old car with multiple issues?

In keeping with that, if you need a second car to replace the VW, I strongly encourage you to lease a new Honda or Toyota . (The sweet spot is a 36 month lease, so you'd end up leasing two cars over the course of your residency.) Lease interest rates these days are nearly on par with purchase inter...
by inbox788
Tue May 12, 2015 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 1962

Re: Taxes on renting a room in my home to a friend

The link also gives an example of the type of barter the IRS considers important to report: An example of bartering is a plumber exchanging plumbing services for the dental services of a dentist. You must include in gross income in the year of receipt the fair market value of goods or services rece...
by inbox788
Tue May 12, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 1962

Re: Taxes on renting a room in my home to a friend

Barter may work. Instead of rent, take groceries, repairs, car rides/sharing, etc. Sometimes you can enter into non cash agreements to avoid the bureaucracy: http://www.wsj.com/articles/new-yorkers-trade-services-for-free-rent-1412988217 but not always: http://www.irs.gov/taxtopics/tc420.html I did...
by inbox788
Tue May 12, 2015 3:49 pm
Forum: Personal Consumer Issues
Topic: Replace timing belt on old car with multiple issues?
Replies: 13
Views: 1258

Re: Replace timing belt on old car with multiple issues?

In your shoes, I'd get rid of the car and buy a new Civic. It's not the cheapest solution, but your future prospects appear on track, and you don't need the added stress of car problems. There should be adequate programs to keep your payments manageable until your income increases. Just don't oversp...
by inbox788
Tue May 12, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Living in LA but working in SF
Replies: 12
Views: 1455

Re: Living in LA but working in SF

I just moved to the LA area because of my fiance's job. I currently work from home but was approached with an offer from a company that is kinda of hard to turn down ; the drawback being the commute. We've discussed the distance thing and while it's not ideal, it's ok for the short term (i.e. next ...
by inbox788
Tue May 12, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 1962

Re: Taxes on renting a room in my home to a friend

We live in a complex world. Governments pass laws and regulations intended to achieve one thing, but often, the details have intended and unintended consequences. And sometimes the burden of following all the regulations is burdensome. I'm still unclear as to the right thing to do in these situation...
by inbox788
Tue May 12, 2015 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plans- Are they part of your overall A.A?
Replies: 22
Views: 1247

Re: 529 plans- Are they part of your overall A.A?

Yes. I consider it as part of one large pool. I shift allocations to tax advantaged accounts, so looking at just 529 AA would be misleading.

http://www.bogleheads.org/wiki/Placing_ ... ed_account
by inbox788
Mon May 11, 2015 9:18 pm
Forum: Personal Consumer Issues
Topic: best alternate phone?
Replies: 15
Views: 1424

Re: best alternate phone?

You could do both, get a cheap prepaid cell phone and a voip landline. If you're willing to port your number to Google Voice, it can forward to all three. Search around for specific subjects, here are some recent results: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=111423 http://www.bogl...
by inbox788
Mon May 11, 2015 9:01 pm
Forum: Investing - Theory, News & General
Topic: Ways to transition income in family business
Replies: 19
Views: 1571

Re: Ways to transition income in family business

Would it be possible for me to have the business pay for my health care? Would this be a way to shift some income? Or setup a business health care program. Parents would decline I would accept for my spouse and I (and kid) 5th employee would decline (she has coverage) That seems like a no brainer. ...
by inbox788
Mon May 11, 2015 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond Index Fund or Other?
Replies: 19
Views: 2373

Re: Total Bond Index Fund or Other?

I think your statement that you didn't give the fixed income portion of your allocation much thought is a common "fault". I pretty much used my Stable Value Fund for much of my accumulation phase. All the risk, action and focus was on the equity side - bonds were just an after thought. My...
by inbox788
Mon May 11, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor: buy a nicer home pre-retirement
Replies: 31
Views: 3152

Re: Advisor: buy a nicer home pre-retirement

Are you paying for this advice? I would assume so. Last week we met with a fee-only advisor to do a complete exam of our financials looking ahead to retirement, and everything appears to be in good order. We need more context to figure out if the advice is reasonable or out there. I read the advice...
by inbox788
Mon May 11, 2015 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 49
Views: 5711

Re: Lecture me about "too much house"

My problem isn't too much house. It's too much stuff inside the house. Don't forget that one more room is one more room to heat, cool, clean, paint, repair, furnish, fill with decorations, toys, exercise equipment, cabinets, store stuff, etc. The stuff in the room may wind up costing more than the r...
by inbox788
Mon May 11, 2015 10:51 am
Forum: Investing - Theory, News & General
Topic: International - Who really is at 40%
Replies: 93
Views: 7290

Re: International - Who really is at 40%

I've been at 30% for many years and have no plans on changing, but this thread is interesting given that just 6 months ago we had several "why even bother with International?" threads. Yes! Excellent observation. I haven't looked recently. Have international stocks been outperforming in t...

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