Search found 1202 matches

by Bfwolf
Mon Jul 25, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Wal-Mart 401k guidance
Replies: 8
Views: 1011

Re: Wal-Mart 401k guidance

I agree with the advice that you should either go all in on one of the target retirement plans or not use them at all. If 2050 is too risky for you such that you needed to add bonds, then choose an earlier date.
by Bfwolf
Mon Jul 25, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Need to decide which mortgage option to go with today
Replies: 21
Views: 1107

Re: Help! Need to decide which mortgage option to go with today

I agree. #3. Besides the lower interest rate, I just don't think a 10% down home purchase is generally a very good idea. Taking out a big mortgage is much riskier than most people perceive. With only 10% down, your investment can go underwater very easily. If that coincides with poor stock market pe...
by Bfwolf
Thu Jul 21, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Hyatt 2 free nights credit card
Replies: 27
Views: 1222

Re: Hyatt 2 free nights credit card

My brother and I spent 4 great nights at the Park Hyatt Tokyo with those free night certificates. The card is definitely worth it. Check out the method for also getting a $50 credit. http://www.flyertalk.com/forum/hyatt-go ... -wiki.html
by Bfwolf
Wed Jul 20, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I pursue my MBA?
Replies: 33
Views: 2009

Re: Should I pursue my MBA?

I concur with the advice about talking to your employer about the value an MBA would bring. Will this actually improve your chances for advancement? Will they subsidize it (I'm guessing at a nonprofit, the answer will be no)? If they won't subsidize it, and only give very nebulous sounding approval ...
by Bfwolf
Wed Jul 20, 2016 11:17 am
Forum: Investing - Help with Personal Investments
Topic: HSA Bank - TD Ameritrade charging commission.
Replies: 17
Views: 1198

Re: HSA Bank - TD Ameritrade charging commission.

TD Ameritrade does a very nifty job making it clear as mud and hiding the link from you. I called and was able to get some of the charges reversed.
by Bfwolf
Mon Jul 18, 2016 8:29 pm
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6860

Re: HOA Swimming Pool Trespassing Issue

When I was a kid, the neighborhood pool had barbed wire on top of the fence. Each barb was a couple of feet apart though, so I don't think it was particularly effective as trespassers occasionally got in and threw all the lawn chairs into the pool. But I would think better barb wire would be a prett...
by Bfwolf
Fri Jul 15, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Wisdom & Portfolio Advice
Replies: 23
Views: 1904

Re: Seeking Boglehead Wisdom & Portfolio Advice

I think you'll find people more able/willing to help if you re-edit this to list your taxable, IRA, and Roth separately. This will lead to you listing the same mutual fund multiple times, but it's much easier for people here to read it. You also ought to write out the full name of each mutual fund.....
by Bfwolf
Thu Jul 14, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

Just realized that Avios can be used for the inter-country flights. That would be helpful - those flights are adding up to around $2-3k. You mean like your flights within South America? That could definitely be huge. I'd definitely recommend going on the BA website and checking for availability on ...
by Bfwolf
Thu Jul 14, 2016 4:15 pm
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3035

Re: What's with the criticisms of bond ladders

As an aside, for my current transfer, the proceeds were transferred out of my Ally account yesterday, with the CD having matured the day before, so this transfer is clicking along much faster than the previous one. Kevin Kevin, did you submit a form to Andrews to "pull" the funds from you...
by Bfwolf
Thu Jul 14, 2016 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

Looking for some help. I am thinking of taking the family of 4 on a 3-4 week trip to Peru next summer. Thinking about a three pronged trip - Galapagos, Amazon and Machu Picchu. This may be too much, but I am starting big. From Lima, it looks like we would fly to each of them. I am looking at ways t...
by Bfwolf
Thu Jul 14, 2016 2:18 pm
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3035

Re: What's with the criticisms of bond ladders

No problems here, but I have a high tolerance for dealing with credit unions, having had quite a bit of experience with it, as well as a high level of comfort dealing with various online systems. What I find to be a minor annoyance, others might find to be a showstopping nightmare. This view is bas...
by Bfwolf
Wed Jul 13, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

As you're probably aware, you can get really excellent value on United points if used for International business class. Even if you don't really value the flights at the full business class price, you can get good value. But yes, seat availability is limited. It is often best to find the flight you...
by Bfwolf
Wed Jul 13, 2016 5:29 pm
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3035

Re: What's with the criticisms of bond ladders

Kevin M wrote:[Incredibly useful and detailed post]
Kevin


Thank you for taking the time out of your day to help a fellow Boglehead.
by Bfwolf
Wed Jul 13, 2016 3:12 pm
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3035

Re: What's with the criticisms of bond ladders

Kevin, may I inquire which credit union is giving you 3% for your 7 year IRA CD? Andrews Federal Credit Union. I hold my breath every time I check the rates on their website, especially when I have an IRA transfer in process as I do now, but just checked again and the rate is still shown as effecti...
by Bfwolf
Wed Jul 13, 2016 10:38 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

With Southwest you are virtually guaranteed 1.5 cents a point vs any cash flight, so you just replace the cash flight you would've done with a points flight (there are no blackouts) and you'll get 1.5 cents/point in value. CSP to United and Southwest are both instant. I can't speak for their other ...
by Bfwolf
Tue Jul 12, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

Thanks. In the past, I have found that award flights are seldom available on the dates I want to travel, especially with United. They have deleted routes that I wanted to fly as well. How long do the points take to transfer from CSP to United or other partners ? Is it instant ? With Southwest you a...
by Bfwolf
Tue Jul 12, 2016 5:22 pm
Forum: Investing - Theory, News & General
Topic: What's with the criticisms of bond ladders
Replies: 33
Views: 3035

Re: What's with the criticisms of bond ladders

Kevin M wrote:I recently bought a 5-year CD at 2.5% at a credit union and a 7-year IRA CD at 3% at another credit union, and am in the process of buying another 7-year IRA CD at 3% at the same CU.
Kevin


Kevin, may I inquire which credit union is giving you 3% for your 7 year IRA CD?
by Bfwolf
Mon Jul 11, 2016 1:24 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

Global Entry or TSA Precheck is the best investment I have ever made for traveling. Not having to wait in the long lines is great. If you fly at all you should take advantage of one of them. I would go with Global Entry which gets you TSA Precheck and if you travel internationally you get expedited...
by Bfwolf
Sun Jul 10, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 3933

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

Warren Buffett said: "Over time, the aggregate gains made by shareholders must of necessity match the business gains of the company". John Bogle said: "History, if only we would take the trouble to look at it, reveals the remarkable, if essential, linkage between the cumulative long-...
by Bfwolf
Sat Jul 09, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for conversion of $1.8 million IRA
Replies: 63
Views: 5893

Re: Strategy for conversion of $1.8 million IRA

I'm still trying to figure out how you got $1.8MM into a pre-tax IRA without any 401k rollovers.
by Bfwolf
Fri Jul 08, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 1968

Re: How to finance M7 MBA

But consider the total up-front opportunity cost for this - it is huge. In addition to the $144000 for the degree, plus any interest if he finances, his opportunity cost of losing 2 years pay is even greater. That would be another $150000 if he was making $75k/p and $200000 if making $100k/y. So by...
by Bfwolf
Fri Jul 08, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6682

Re: Picking College and College Scholarships

Those are exactly among the widely cited non randomized studies I am referring to. They examine income data from students (who obviously choose their college themselves) who attended elite schools vs good schools. Nobody can ever do a randomized study here since few students would wish to have a ra...
by Bfwolf
Fri Jul 08, 2016 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6682

Re: Picking College and College Scholarships

i'll admit my bias up front, i'm a Stanford alum (in this century). had a great experience, graduated with an A- average and found life there very challenging but also very satisfying. i even got lucky and met my future wife there. the debt aversion seems penny wise pound foolish to me. college is ...
by Bfwolf
Thu Jul 07, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6682

Re: Picking College and College Scholarships

OP, you are fortunate to live in a state with an excellent in-state engineering option (UIUC). Tuition is $17K a year. MIT and Stanford are $45K a year. This is a sizable difference, and it doesn't sound like you are likely to get need based aid. Shouldn't UIUC be on top of the list? If another exce...
by Bfwolf
Thu Jul 07, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Wellington Portfolio
Replies: 34
Views: 3660

Re: Wellington Portfolio

A 20% drop in your portfolio can happen with a surprisingly low stock %....40% or 50%. You could add a bond mutual fund, but perhaps Vanguard Life Strategy Conservative Growth would be a better choice for you than Wellington? https://personal.vanguard.com/us/funds/snapshot?FundId=0724&FundIntExt...
by Bfwolf
Thu Jul 07, 2016 12:15 am
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 1968

Re: How to finance M7 MBA

I don't agree with all these comments about not going to a top business school to "only" make $125K. While this would be poor compensation at a top consulting or Wall Street firm, it would be pretty darn good for a number of other MBA jobs that go to folks from top business schools. Are we...
by Bfwolf
Wed Jul 06, 2016 1:00 am
Forum: Personal Consumer Issues
Topic: Bellagio room rate
Replies: 20
Views: 2973

Re: Bellagio room rate

You can also book a room there for 25,000 Hyatt points per night, but that's not particularly good value for Hyatt points.

http://www.frugaltravelguy.com/2014/02/ ... hains.html
by Bfwolf
Wed Jul 06, 2016 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Should I Go After American Airlines?
Replies: 45
Views: 4007

Re: Should I Go After American Airlines?

I understand your dismay as the CSR clearly screwed up. Why in the world would anybody cancel a ticket when they're going to get nothing back from doing so? The cancellation process should have been crystal clear, i.e. "Before I proceed, are you sure you want to cancel this ticket?" I'm su...
by Bfwolf
Tue Jul 05, 2016 2:27 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3168

Re: How to negotiate result of big item home inspection

As in many things in life, what's fair and what you can actually get are 2 different things. I don't think asking for a reduction in price for a working, ageing unit in a used house is fair. Could you possibly get a couple grand knocked off the price because the buyer doesn't want to relist the prop...
by Bfwolf
Tue Jul 05, 2016 12:23 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

I don't use the golf feature, or the Global travel credit of $100. Not sure if it's worth the trouble to you, but you may try to sell the Global Entry credit. I have the Ritz Carlton card which earns $300 in travel credits per year, only these credits are kind of hard to take advantage of because o...
by Bfwolf
Mon Jul 04, 2016 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Private company shares [buying rights from shareholder]
Replies: 10
Views: 702

Re: Private company shares [buying rights from shareholder]

I have no reason to think this is a scam, but I don't think this is normal and most shareholder agreements forbid it as johnriley points out. I would ask to see a copy of that agreement before you consider proceeding.
by Bfwolf
Sat Jul 02, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Getting rid of international funds
Replies: 83
Views: 6576

Re: Getting rid of international funds

I do not hold any international funds for the simple reason U S companies have so much international exposure I feel that is enough diversity for me. I don't think you would be hurting yourself with a total US stock index and a total US bond index. I think the recent Brexit baloney proves the point...
by Bfwolf
Sat Jul 02, 2016 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Getting rid of international funds
Replies: 83
Views: 6576

Re: Getting rid of international funds

Check one of my recent posts, I had the same thoughts as you And the same responses almost. It does seem foolish to say you want to get rid of international now because it is technically selling low and buying high. But if your gut is that domestic is going to be doing better than international, th...
by Bfwolf
Sat Jul 02, 2016 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Getting rid of international funds
Replies: 83
Views: 6576

Re: Getting rid of international funds

Check one of my recent posts, I had the same thoughts as you And the same responses almost. It does seem foolish to say you want to get rid of international now because it is technically selling low and buying high. But if your gut is that domestic is going to be doing better than international, th...
by Bfwolf
Fri Jul 01, 2016 12:13 am
Forum: Personal Consumer Issues
Topic: Safe, affordable European cities to travel?
Replies: 38
Views: 3587

Re: Safe, affordable European cities to travel?

While English/German are not the local languages, both Prague and Budapest have tourism as a major engine of their economy and you'll find people who can communicate with you in English (especially Prague). These will be the more affordable cities on your list. Both are fantastic and plenty safe.
by Bfwolf
Thu Jun 30, 2016 7:39 pm
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3172

Re: Which city should I move to?

I grew up in Atlanta (but never lived there as an adult) and live in Chicago now. If you are talking about living in the suburbs, then picking Atlanta over Chicago is reasonable to try to save costs. I mean, suburban life is pretty much the same everywhere. If you're talking about living near downt...
by Bfwolf
Thu Jun 30, 2016 6:09 pm
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3172

Re: Which city should I move to?

Anyone familiar with Atlanta? I grew up in Atlanta (but never lived there as an adult) and live in Chicago now. If you are talking about living in the suburbs, then picking Atlanta over Chicago is reasonable to try to save costs. I mean, suburban life is pretty much the same everywhere. If you're t...
by Bfwolf
Thu Jun 30, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3172

Re: Which city should I move to?

Hi, OP here. I appreciate all of your responses. I left out some details since the two cities (HCOL vs. MCOL) I am considering are a toss-up in the areas that are of usual importance (e.g., family, career, weather, culture, etc.). I have no family in either area and the job market in my field is go...
by Bfwolf
Thu Jun 30, 2016 10:58 am
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3172

Re: Which city should I move to?

celia wrote:Chicago now has a 5% income tax rate


When did this happen? I live in Chicago and have never heard about a Chicago specific income tax.
by Bfwolf
Thu Jun 30, 2016 12:03 am
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 3172

Re: Which city should I move to?

If you want good advice, start by sharing the names of the cities.
by Bfwolf
Fri Jun 24, 2016 10:59 am
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 3857

Re: don't deal in GBP pound sterling today (June 23 2016)

The EU's response will be fascinating to watch. With Greece, the pain of playing hardball was worth it because the risk of contagion to Italy, Spain, Portugal, and Ireland was far too high to be worth giving in to a small country like Greece. But the UK is not Greece. Will they play hardball to prev...
by Bfwolf
Thu Jun 23, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 361
Views: 33502

Re: What's Your Credit Card Rewards Strategy?

You have a 60 day grace period after your CSP annual fee to cancel the card and get the annual fee refunded. http://www.doctorofcredit.com/annual-fee-refund-rules-for-each-card-issuer/#Chase You must transfer your UR points to a airline/hotel partner or to another UR credit card like the Chase Ink P...
by Bfwolf
Wed Jun 22, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: decision between jobs
Replies: 16
Views: 1164

Re: decision between jobs

Your phrasing around the salary makes it difficult to understand exactly what you mean.

Are you saying the counteroffer pays $150K more per year than the govt job?

Can you just tell us the salary numbers for each job? It would be easier.
by Bfwolf
Wed Jun 22, 2016 1:55 pm
Forum: Investing - Theory, News & General
Topic: Dividend and Buyback Yields, S&P 500, 1982-2015
Replies: 86
Views: 5102

Re: Dividend and Buyback Yields, S&P 500, 1982-2015

I'm going to stick my neck out here, and say that there is no such thing as buyback yield. Suppose that you have a company with $1M in the bank, no other assets, no liabilities, and only earnings from bank interest. It currently pays out all earnings as dividends, currently yielding 3%. Further, th...
by Bfwolf
Tue Jun 21, 2016 12:00 pm
Forum: Investing - Theory, News & General
Topic: Dividend and Buyback Yields, S&P 500, 1982-2015
Replies: 86
Views: 5102

Re: Dividend and Buyback Yields, S&P 500, 1982-2015

Ogd, You conveniently forget that when a company does a buyback they take from stockholders something of value. The stock surrendered does have value. And in some cases it is worth more than the cash received. The value of stock removed from stockholders needs to be netted out of any calculation of...
by Bfwolf
Tue Jun 21, 2016 11:37 am
Forum: Personal Consumer Issues
Topic: Splurge on hotel?
Replies: 19
Views: 1188

Re: Splurge on hotel?

Splurging on fancy hotels isn't for me as I don't spend much time in the room, but the times that I have stayed in a fancy hotel, I will say it's improved the experience even if I didn't spend much time in the room. I agree with the general sentiment that it's worth paying more for a good location.
by Bfwolf
Tue Jun 21, 2016 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Can we/Should we buy this house (SF Bay Area)
Replies: 54
Views: 5288

Re: Can we/Should we buy this house (SF Bay Area)

As anoop and boglesmind suggested: the 10k income is after 401k max contributions, LPFSA, HSA, ESPP and accounting for the 401k loan payoff. Folks, neither of us have lucked out in an IPO and we dont have such prospects. Yes, if we had any such money life would be ideal. But as in the stock market ...
by Bfwolf
Mon Jun 20, 2016 12:13 am
Forum: Personal Finance (Not Investing)
Topic: High Credit Card Debt- Need Help
Replies: 107
Views: 7678

Re: High Credit Card Debt- Need Help

As I'm sure most of you have guessed, I've kicked myself-- a lot. I'm definitely NOT using my cards anymore. BTW, the company I contracted with that outsourced overseas was one I worked with for over 16 years. The loss of this income happened with no warning, which is the company's prerogative of c...
by Bfwolf
Sun Jun 19, 2016 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can we/Should we buy this house (SF Bay Area)
Replies: 54
Views: 5288

Re: Can we/Should we buy this house (SF Bay Area)

Can you? Sure. Should you? My opinion is maybe not. One of the first replies said that housing prices in the Bay Area are stable. I have seen no evidence of this. They've been going up like crazy. My concern is that there may be a bubble there or possibly a tech bubble that will cause a crash. It's ...
by Bfwolf
Sun Jun 19, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: FICO score drops
Replies: 9
Views: 1241

Re: FICO score drops

island wrote:
Stonebr wrote:I have happily ignored FICO scores all my life. I suggest you do the same.


Same here. Don't understand the obsession here in Bogleheadland.


I believe some people intend to put on their tombstone: "Here lies John Boglehead. Loving husband, adoring father, FICO Score: 850"

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