Search found 903 matches

by jon-nyc
Sun May 17, 2015 5:45 am
Forum: Investing - Theory, News & General
Topic: Best Asset Allocation if you've "won the game"
Replies: 86
Views: 9276

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

It depends on how much you have won by. If you are just a bit above the winning point, that is one thing, and, if you are way, way above the amount you can conceivably think you will ever need, that is another. For the former, maybe 50/50 or 40/60 makes sense, but, for the later, 10/90 or 20/80 cou...
by jon-nyc
Mon Apr 27, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: iBond partial redemption question
Replies: 6
Views: 455

Re: iBond partial redemption question

Thanks for the replies, all.
by jon-nyc
Mon Apr 27, 2015 3:24 pm
Forum: Investing - Theory, News & General
Topic: iBond partial redemption question
Replies: 6
Views: 455

iBond partial redemption question

My assumption is, if you partially redeem an iBond, you are considered to have withdrawn principal and interest in proportion to what the makeup of the total bond balance is. In other words, say you had a 10k bond with 5k of interest accrued, so the balance is 15k. You redeem 3k. I assume it is cons...
by jon-nyc
Thu Mar 26, 2015 11:01 am
Forum: Personal Consumer Issues
Topic: Proactively replace water heater?
Replies: 53
Views: 6098

Re: Proactively replace water heater?

Ive had two different home inspectors say that, around here anyway, water heaters tend to last around 10 years. I moved in to a house with one that was 10 years old. I fully intended to swap it out before it went. Then it went before i got around to it. On thanksgiving night, when i had 6 overnight ...
by jon-nyc
Wed Jan 21, 2015 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 76
Views: 6737

Re: I'm thinking about making very large 529 contributions A

Mine will be smaller than usual. It's kind of full already. So I won't go beyond the 10k that the state of NY subsidizes.
by jon-nyc
Thu Jan 01, 2015 1:41 pm
Forum: Investing - Theory, News & General
Topic: [Annual POLL] What was your 2014 return?
Replies: 144
Views: 15582

Re: [Annual POLL] What was your 2014 return?

I got 7.38% using XIRR.


I'll take it.
by jon-nyc
Mon Dec 29, 2014 8:26 pm
Forum: Investing - Theory, News & General
Topic: Bond fund holding period to guarantee known Yield
Replies: 13
Views: 1532

Re: Bond fund holding period to guarantee known Yield

No such guarantee exists.

at least theoretically all the bonds could default right after you buy the fund.
by jon-nyc
Wed Nov 12, 2014 9:47 am
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54413

Re: If your networth is over $3 million, how did you do it?

I wasn't born to rich parents, far from it, but they valued education and the house was swarming with books. Lots of traits that help you do well in life also have reasonably high heritability (e.g. Intelligence, time preference, etc). So you can be part of the lucky sperm club even if your parents ...
by jon-nyc
Wed Nov 12, 2014 9:14 am
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54413

Re: If your networth is over $3 million, how did you do it?

High salary, LBYM, a fortuitous IPO at a young age, and Boglehead investing. Or as Dandy says - Luck. Good for you. :sharebeer Plenty of luck involved, of course. Starting with being born to the right parents in the right place at the right time, all the way through surviving 9-11 because of a sche...
by jon-nyc
Wed Nov 12, 2014 8:21 am
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 314
Views: 54413

Re: If your networth is over $3 million, how did you do it?

High salary, LBYM, a fortuitous IPO at a young age, and Boglehead investing.
by jon-nyc
Tue Nov 11, 2014 8:27 am
Forum: Investing - Theory, News & General
Topic: Fannie Mae and Freddie Mac, how did they finance?
Replies: 2
Views: 828

Re: Fannie Mae and Freddie Mac, how did they finance?

Hey everyone, I understand the Fannie Mae and Freddie Mac bought mortgages from banks to open up credit in the market. But where did they get the $ to do so? I read that they get the $ by repackaging the mortgages and selling them out to other people, but I dont really know what that means. If some...
by jon-nyc
Mon Nov 03, 2014 2:42 pm
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 10754

Re: iBonds at zero % fixed

Fortunately I maxed out my 2014 purchases when it was at 0.2%. And half of 2013s allocation as well. I feel lucky to have 30k worth at that amount.
by jon-nyc
Mon Nov 03, 2014 12:06 pm
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 10754

iBonds at zero % fixed

I guess that's no surprise.

http://www.treasurydirect.gov/news/pres ... atespr.htm

(forgive me if there's a thread on this already, I didn't see one)
by jon-nyc
Fri Oct 03, 2014 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 13
Views: 1512

Re: Assistance with Medicare costs for lowish income seniors

Thanks for all this info. There's a lot for me to investigate. I wish there was a consultant I could hire to do this... does anyone know?

(FWIW, my in-laws are in PA, not NY)
by jon-nyc
Tue Sep 30, 2014 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 13
Views: 1512

Assistance with Medicare costs for lowish income seniors

Hi All - I'm in the process of trying to help my in-laws out of some ongoing financial difficulties. They spend an extraordinary percentage of their gross income on Medigap coverage, Medicare Part D premiums, and out of pocket drug expenses. I'm trying to see what I can find in terms of less expensi...
by jon-nyc
Tue Sep 23, 2014 6:23 pm
Forum: Personal Consumer Issues
Topic: Binoculars appropriate for a 6-year-old?
Replies: 11
Views: 1125

Re: Binoculars appropriate for a 6-year-old?

Hmmm.... Maybe a nice holiday gift for my 5 year old.
by jon-nyc
Sun Sep 14, 2014 6:26 am
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 43
Views: 3200

Re: Recommended World War I book

In terms of the war's aftermath, I think there is no greater work than Paris 1919: Six months that changed the world by Margaret Macmillan. (She happens to be the great granddaughter of Lloyd George, FWIW).
by jon-nyc
Sun Sep 14, 2014 6:17 am
Forum: Personal Consumer Issues
Topic: Recommended World War I book
Replies: 43
Views: 3200

Re: Recommended World War I book

DesertResister wrote:
gkaplan wrote:Barbara Tuchman's The Guns of August


This is an outstanding book.



I think that particular book of hers is horribly overrated.

Even the abridged version of Churchill's WWI memoir offers a far superior treatment of the events leading up to the war.
by jon-nyc
Mon Aug 11, 2014 5:39 pm
Forum: Personal Consumer Issues
Topic: Dealership wants to buyback my car
Replies: 32
Views: 3885

Re: Dealership wants to buyback my car

I bought a new car last year. About 3 weeks later I got that same letter, except it seems to have been spit out of their computer in error. In place of '2013 Fit' it said '[year, model]' and in place of my name was '[customer name]'.
by jon-nyc
Sun Aug 10, 2014 5:19 am
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 5688

Re: How do you address your inlaws and being addressed?

I call my MIL by her first name. Other appellations come to mind, but would get me in trouble.
by jon-nyc
Sat Jun 28, 2014 10:37 am
Forum: Personal Consumer Issues
Topic: Health insurance coverage question
Replies: 2
Views: 336

Health insurance coverage question

For two years or so, my wife and I each had family healthcare plans provided by our respective employers, paid for partially by payroll deductions. They were two distinct plans from two distinct national carriers, each covered the entire family. (ignore for now the fact that we wasted money on dupli...
by jon-nyc
Mon Jun 09, 2014 4:27 pm
Forum: Investing - Theory, News & General
Topic: 30 Yr TIPS auction 6/19: 1.25% real yield? any takers?
Replies: 59
Views: 4879

Re: 30 Yr TIPS auction 6/19: 1.25% real yield? any takers?

To the original question, I got my fill in February, like a always do. Last year that hurt me, this year it is helping so far.
by jon-nyc
Mon Jun 09, 2014 7:06 am
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1892

Re: Replacement checks?

I just ordered 1000 checks for 30.45 at Costco. (costcochecks.com) It incuded tax and shipping. Much cheaper than the other options. Dang, that's a lot of checks. I think a 1000 checks would last me about 50 years. I think i'll get 15 or so out of it at my current rate. But by then maybe we'll fina...
by jon-nyc
Fri Jun 06, 2014 10:57 am
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1892

Re: Replacement checks?

I just ordered 1000 checks for 30.45 at Costco. (costcochecks.com) It incuded tax and shipping.

Much cheaper than the other options.
by jon-nyc
Fri Jun 06, 2014 5:12 am
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1892

Re: Replacement checks?

Thanks for all the suggestions, everyone.
by jon-nyc
Wed Jun 04, 2014 10:37 am
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1892

Replacement checks?

Yeah, yeah, I know... 'what's a check?'

Well, I write quite a few. And I need more.

Obviously I don't care what they look like, I just want to buy them cheap and in quantity.

Any recommendations?
by jon-nyc
Tue May 27, 2014 9:14 am
Forum: Personal Consumer Issues
Topic: NYC for the day… what to do with the car
Replies: 18
Views: 1259

Re: NYC for the day… what to do with the car

Tarrytown is a better option than White Plains if for no other reason than the train ride has fabulous scenery. The train goes right along the Hudson, with a view of the Pallisades. You will have no problem parking on weekends.
by jon-nyc
Thu Apr 24, 2014 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 52
Views: 6236

Re: Do I take the separation package offer?

Congratulations!
by jon-nyc
Fri Apr 11, 2014 7:20 pm
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 30877

Re: heartbleed - widespread internet security problem

The folks at xkcd did this cartoon to explain how the bug works.


http://xkcd.com/1354/
by jon-nyc
Tue Apr 08, 2014 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 52
Views: 6236

Re: Do I take the separation package offer?

If you don't say yes to this I'm going to disguise myself as you, go into your boss' office, and say yes for you.
by jon-nyc
Sat Mar 29, 2014 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 39423

Re: What age did you reach 100K networth?

cflannagan wrote:A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?



I did. I had no mortgage, no student loans, and no auto loans at the time. Just assets.
by jon-nyc
Thu Mar 27, 2014 7:14 pm
Forum: Investing - Theory, News & General
Topic: IRS: bitcoins are property for tax purposes in U.S.
Replies: 28
Views: 3204

Re: IRS: bitcoins are property for tax purposes in U.S.

Examples of payment systems that are not US fiat, widely used already in the US, include: gift cards, paypal, frequent flier miles. People figure out how to charge & get paid in these ways, presumably not just for illicit activities (I've never heard of anyone selling dime bags for United miles...
by jon-nyc
Thu Mar 27, 2014 2:07 pm
Forum: Investing - Theory, News & General
Topic: IRS: bitcoins are property for tax purposes in U.S.
Replies: 28
Views: 3204

Re: IRS: bitcoins are property for tax purposes in U.S.

The biggest question is who is going to track all of this? The exchanges? The individual? Companies that take it in exchange for other goods and services? If it is truly not a form of "cash", it would make me hesitiate to accept it as a form of payment. RM To your first point, I assume it...
by jon-nyc
Tue Mar 11, 2014 8:36 am
Forum: Personal Consumer Issues
Topic: Anti-virus for Mac?
Replies: 80
Views: 4977

Re: Anti-virus for Mac?

How do you know if you have a virus? It hurts when you type 'P'.


Seriously, though, thanks for the recommendations and comments all.
by jon-nyc
Sun Mar 09, 2014 12:43 pm
Forum: Personal Consumer Issues
Topic: Anti-virus for Mac?
Replies: 80
Views: 4977

Anti-virus for Mac?

There have been previous threads on this but given the speed with which technology changes I thought I'd start another to get some more recent input. What anti-virus or anti-malware programs can you recommend for the Mac? Our Macs have always gone bareback here but my wife's been nervous lately afte...
by jon-nyc
Sat Mar 08, 2014 5:43 am
Forum: Investing - Theory, News & General
Topic: How do discount brokers make money from passive investors?
Replies: 19
Views: 3269

Re: How do discount brokers make money from passive investor

This reminds me of a story from years ago - a friend of mine was a trader in a small regional brokerage. They would berate the research guys over their 'hold' recommendations. His line was 'I've got buy and sell tickets, but I don't have any hold tickets'. (This was before automation so there really...
by jon-nyc
Fri Mar 07, 2014 6:57 pm
Forum: Investing - Theory, News & General
Topic: How do discount brokers make money from passive investors?
Replies: 19
Views: 3269

Re: How do discount brokers make money from passive investor

Securities lending. But it wouldn't be much. Then again, a passive investor shouldn't cost them much either.
by jon-nyc
Fri Mar 07, 2014 10:45 am
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 17139

Re: What was your dumbest financial decision?

Man you guys are all pretty dumb. To think I thought the Boglehead crowd was smart. :happy


(totally kidding)
by jon-nyc
Thu Mar 06, 2014 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Question re deductions for cap gains on residence
Replies: 6
Views: 352

Re: Question re deductions for cap gains on residence

My gain was in the 7 figures - a decade of Brooklyn gentrification was very very good to me.


I know, I know - first world problems. :)
by jon-nyc
Thu Mar 06, 2014 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question re deductions for cap gains on residence
Replies: 6
Views: 352

Re: Question re deductions for cap gains on residence

Excellent - i should have avoided the word 'deduction' to avoid confusion with schedule A deductions.

I can reduce my proceeds by the amount of transfer taxes. That's good to know, saves me probably 10k in taxes!
by jon-nyc
Thu Mar 06, 2014 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Question re deductions for cap gains on residence
Replies: 6
Views: 352

Question re deductions for cap gains on residence

In NYC the seller pays a transfer tax to both the state and the city when selling residential real estate. Does anyone know if these are deductible from the sales price when determining the amount realized in the sale (for purposes of computing capital gains)? The relevant IRS publication (523) list...
by jon-nyc
Thu Mar 06, 2014 9:40 am
Forum: Investing - Theory, News & General
Topic: Roth RMD's?
Replies: 7
Views: 683

Re: Roth RMD's?

This is not an allowable topic.

Having said that your premise is wrong. There are other reasons the government could find this advantageous. Since discussion is not allowed, I leave you to figure them out. :D
by jon-nyc
Wed Mar 05, 2014 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: No car, moving for a 3-mth assignment, cheapest car option?
Replies: 12
Views: 702

Re: No car, moving for a 3-mth assignment, cheapest car opti

When I was in a similar situation I would do monthly rentals from Hertz or Avis. Much cheaper than their daily/weekly rentals, and insurance all included.
by jon-nyc
Wed Mar 05, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 17139

Re: What was your dumbest financial decision?

The one that comes to mind - I invested 25k (or was it 50k?) in my former colleague's de novo bank startup. A few years later it was sold at 22c on the dollar, thereabouts. Yeah there were some dot com busts as well. Those fortunately happened when I didn't have much money so I learned the indexing ...
by jon-nyc
Mon Mar 03, 2014 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: 529 contributions and future tuition costs
Replies: 46
Views: 3088

Re: 529 contributions and future tuition costs

Tier-1 private: Harvard undergraduate tuition rose 4.7% (CAGR) in the 20 years to 2011, which is ~2.2% real. Room and board increase was slightly less. As with UVA, the 10 and 5 year rates of increase were a tad lower - 4.4% and 4.0% respectively, or 2.0% and 1.8% real. Some slightly more recent da...
by jon-nyc
Mon Mar 03, 2014 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: 529 contributions and future tuition costs
Replies: 46
Views: 3088

Re: 529 contributions and future tuition costs

Some questions to ask for the big 529 contributors: Are you currently maxing all of your tax-advantage space? Does your state offer a tax break on 529 contributions? Are you debt free? Are you financially independent? Since I don't get a 529 tax-break, I feel that I shouldn't contribute anything to...
by jon-nyc
Mon Mar 03, 2014 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: 529 contributions and future tuition costs
Replies: 46
Views: 3088

Re: 529 contributions and future tuition costs

ERMD, thanks for posting your assumptions and analysis. I also have a pretty detailed model. I plan 'conservatively' for 4+ years at a tier one private institution. (I should say that's conservative from a financial-planning point of view, not a parental-expectations point of view) My first observat...
by jon-nyc
Mon Mar 03, 2014 3:58 am
Forum: Investing - Theory, News & General
Topic: What if Henry Blodget is right about the stock market?
Replies: 47
Views: 4657

Re: What if Henry Blodget is right about the stock market?

I haven't seen Blodget this excited about anything since pets.com.
by jon-nyc
Thu Feb 27, 2014 2:29 am
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 21896

Re: Bitcoin price plunges

I have no idea if Bitcoin will be viable long-term or not, but it is important to note that the flaw in this case is with Mt. Gox and their exchange system and not with Bitcoin itself. I'm pulling for Dogecoin myself... I think that is oversimplifying what really happened. The transaction malleabil...

Go to advanced search