Search found 1115 matches

by Bfwolf
Sun May 29, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

I churn. I've opened 23 new credit cards in the last 2 years. 14 are still open. Problem is there are really not a lot of cards left that I'm interested in now that the Chase 5/24 rule is in place. When not trying to hit an intro bonus, I've been spending on my Club Carlson card to get to the extra...
by Bfwolf
Sat May 28, 2016 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

How do you guys use AMEX Points? I have 300K reward points in AMEX but I see really lousy deals on travel.. haven't looked into transferring points to airline miles.. any help? If you have interest in going to Europe on business class, consider transferring to Air Canada's Aeroplan program. You can...
by Bfwolf
Fri May 27, 2016 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Am I still doing OK focusing more in income vs investments?
Replies: 41
Views: 3727

Re: Am I still doing OK focusing more in income vs investments?

It states: "Tip: [employer] contributes with each paycheck only as long as you're contributing, so make sure to contribute all year long until you reach the cap." Thus it is important to ensure that you contribute at least 5% of your eligible compensation every paycheck and that you hit t...
by Bfwolf
Fri May 27, 2016 12:52 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

Boarding on SW is not nearly as chaotic as you might think. There are 3 boarding groups, A, B and C. There's a number up to 60 (I think) with each group, such as B23. When it's time to board, they call group A and everyone lines up according to their number A1, A2, A3, etc. Passenger A1 gets on the...
by Bfwolf
Fri May 27, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: US REIT P/E seem high - buy anyway for diversification?
Replies: 39
Views: 2097

Re: US REIT P/E seem high - buy anyway for diversification?

By 2015, I decided that I was no longer convinced that REITs were a special asset class deserving of overweighting any more than Tech or Energy is. I was fortunate that REITs had performed about as well as the total US Stock market so I didn't have to worry about whether my decision to sell was a b...
by Bfwolf
Thu May 26, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

I churn. I've opened 23 new credit cards in the last 2 years. 14 are still open. Problem is there are really not a lot of cards left that I'm interested in now that the Chase 5/24 rule is in place. When not trying to hit an intro bonus, I've been spending on my Club Carlson card to get to the extra...
by Bfwolf
Thu May 26, 2016 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: US REIT P/E seem high - buy anyway for diversification?
Replies: 39
Views: 2097

Re: US REIT P/E seem high - buy anyway for diversification?

I owned Vanguard's REIT Index fund from November 2010 to January 2015. I bought into the idea that REITs were their own special asset class deserving of overweighting. During this time, the REIT index fund's overall return was similar to that of the Total US Stock Market. By 2015, I decided that I w...
by Bfwolf
Thu May 26, 2016 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

I churn. I've opened 23 new credit cards in the last 2 years. 14 are still open. Problem is there are really not a lot of cards left that I'm interested in now that the Chase 5/24 rule is in place. When not trying to hit an intro bonus, I've been spending on my Club Carlson card to get to the extra...
by Bfwolf
Thu May 26, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7307

Re: What's Your Credit Card Rewards Strategy?

I churn. I've opened 23 new credit cards in the last 2 years. 14 are still open. Problem is there are really not a lot of cards left that I'm interested in now that the Chase 5/24 rule is in place. When not trying to hit an intro bonus, I've been spending on my Club Carlson card to get to the extra ...
by Bfwolf
Tue May 24, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp: How long do you trust your company?
Replies: 47
Views: 3826

Re: Deferred Comp: How long do you trust your company?

One thing I learned from hard experience from my Fortune 500 company's deferred comp plan was that I did not get a 401k match on the amount that was deferred. That was a straight loss of 4% of all money I deferred, which created a significant hole to climb out of to make the deferred comp plan worth...
by Bfwolf
Sun May 22, 2016 12:51 am
Forum: Personal Consumer Issues
Topic: Which HBO show to watch next?
Replies: 71
Views: 4910

Re: Which HBO show to watch next?

The only one on your "considered" list I've seen some episodes of is Treme. I really wanted to like it since I loved The Wire, but I hated it. There was no plot, and no reason to care about any of the characters.
by Bfwolf
Thu May 19, 2016 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: If TSM and SP500 are so alike, why even do TSM?
Replies: 49
Views: 4586

Re: If TSM and SP500 are so alike, why even do TSM?

To me, this is like asking "the difference between a whole pie and 99% of a pie is negligible, so why wouldn't you just take 99% of a pie?" The question is totally backwards. You take a whole pie by default because that's better than 99% of a pie. But if for some reason you're "stuck&...
by Bfwolf
Tue May 10, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: Keep Twins in Same Class for Kindergarten?
Replies: 41
Views: 4165

Re: Keep Twins in Same Class for Kindergarten?

What's the benefit of separating them?
by Bfwolf
Mon May 02, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

Thanks for update, OP. Where did he decide to go? Over the weekend, my son happily put his deposit down for UVA. It really was the sweet spot for many things he wanted: 1) Quality academics compared to Miami, especially in his current areas of interest - Political science, business 2) Above average...
by Bfwolf
Sun May 01, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan
Replies: 39
Views: 2804

Re: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan

BTW, I knew this would likely turn into a debate about various tangents that aren't directly related to my initial question, and I don't have a problem with that, but let's circle back to the original question, and let me be a little clearer, since I was probably too vague: What are the *FINANCIAL*...
by Bfwolf
Sun May 01, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: Draining the 529
Replies: 22
Views: 2302

Re: Draining the 529

But, really, is there not a National Geographic cruise or similar activity that I can use the 529 fund to (legally and tax-free) pay for? L. I don't know the answer to your question. But I'm just wondering, are the above tax guesstimates right, and it's a question of having $40K for qualified expen...
by Bfwolf
Sun May 01, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan
Replies: 39
Views: 2804

Re: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan

If she takes the Stafford loans as planned, you can always choose to pay them off yourself should the situation be favorable. And if things become unfavorable, do you really want to be the loan officer trying to get your daughter to pay the loan? This makes sense to me. So she accumulates debt at 4...
by Bfwolf
Thu Apr 28, 2016 11:59 pm
Forum: Personal Consumer Issues
Topic: Atlanta in August -- worth it?
Replies: 51
Views: 2852

Re: Atlanta in August -- worth it?

I lived there for 2 years. The best time is in the spring when the azaleas and dogwoods bloom. In August I'd go somewhere else. The weather is unpleasant. The traffic is bad. +1 I grew up in Atlanta. I loved Summer as a kid, spending all day by the pool. I imagine that isn't what you intend to do. ...
by Bfwolf
Thu Apr 28, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Am I still doing OK focusing more in income vs investments?
Replies: 41
Views: 3727

Re: Am I still doing OK focusing more in income vs investments?

The most common method of matching is on a paycheck by paycheck basis. I'm assuming you've got a 100% match on the first 5% you contribute. Let's say you're making $8,000 per paycheck. Let's look at 3 scenarios. Scenario 1: On paycheck 1, you contribute 5% which is $400. The company matches $400. Ov...
by Bfwolf
Thu Apr 28, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

So we visited both schools earlier this week. Some points: UVA: 1) As expected, my son loved the campus. Very cool Jeffersonian architecture. 2) Music program, being a department of music, was still very strong for what he wants. Most music majors are double majors. Seems like there would be many s...
by Bfwolf
Wed Apr 27, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 108
Views: 12326

Re: I Hate My Job: Politics at Work (Advice Needed)

Is there a narrative that would describe Alice and Adam's behavior in terms of them trying to help the company rather than being primarily fueled by bad intentions or purely self-serving motivations? If so, what is it? Yes, I have thought about that angle as well. I can "understand" Adam'...
by Bfwolf
Tue Apr 26, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 108
Views: 12326

Re: I Hate My Job: Politics at Work (Advice Needed)

I don't really expect people to understand the totality of the situation, since there is a lot of backstory to what's going on. I'm getting a few advice of "do a good job and you'll be fine" - I'm afraid that's extremely naive. I have no assurances that if I do a good job my contract will...
by Bfwolf
Tue Apr 26, 2016 11:58 am
Forum: Personal Consumer Issues
Topic: Kellogg vs. Darden
Replies: 17
Views: 1542

Re: Kellogg vs. Darden

Those are both "top 20" B-schools. As long as she graduates in the top 20% of her class, she will absolutely, positively, have the "world by the tail!" Good luck and many good wishes to her! :sharebeer MBA programs are not like law school. Most recruiters do not care about your ...
by Bfwolf
Tue Apr 26, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Kellogg vs. Darden
Replies: 17
Views: 1542

Re: Kellogg vs. Darden

My advice as someone who has an MBA from a top school (but neither Darden nor Kellogg): The money is significant and would make me lean toward Darden with all else being equal. $30K/year means $60K total. That's a lot of dough. The fact that she went to UVA undergrad is a non-factor from a recruitme...
by Bfwolf
Mon Apr 25, 2016 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Custom whole life insurance to generate retirement income
Replies: 8
Views: 744

Re: Custom whole life insurance to generate retirement income

I'm not going to go as far as the other people who say this person is not your friend. He is probably drinking the Kool-aid and really believes this is a good product. It's not. It's a terrible product. You should not buy it. I would recommend politely declining, and resuming your friendship without...
by Bfwolf
Sun Apr 24, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Drafting a Pitch to the Bosses to Switch 401K Providers
Replies: 16
Views: 1103

Re: Drafting a Pitch to the Bosses to Switch 401K Providers

I have no experience with them, but Employee Fiduciary seems to be the go to reco here. I've never heard a bad word spoken about them. In terms of how to get your company to switch, that's a whole other ball of wax. Here's the wiki on it https://www.bogleheads.org/wiki/How_to_campaign_for_a_better_4...
by Bfwolf
Sun Apr 24, 2016 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Officer needs some advice
Replies: 12
Views: 2027

Re: Mid-Career Officer needs some advice

Thanks for the suggestions. Your comments have really made me re-think a few things. I have no clue what I was doing when I missed the goodness of the Roth TSP back in 2012. The benefits of the TSP mentioned above are real, but the advantage vs an IRA is very modest and certainly not worth beating ...
by Bfwolf
Sun Apr 24, 2016 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 21
Views: 2487

Re: Do I need TIPS inflation protection?

It's not surprising to see people questioning the value of TIPS during a period of extraordinarily low inflation. Let's hope it continues. But if it doesn't, TIPS provide an insurance policy. I think they can be a valuable part of a portfolio, though I certainly wouldn't consider them essential.
by Bfwolf
Sat Apr 23, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 21
Views: 2487

Re: Do I need TIPS inflation protection?

I'm not sure I buy into the argument that you don't need TIPS because 80% of your expenses are COLAd. Yes, the TIPS will have a relatively small impact given most of your money is coming from COLAd annuities. But the amount of money you're "paying" to get the inflation protection value of ...
by Bfwolf
Thu Apr 21, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

A lot of people have varying opinions about this issue. Those who went to their state school for pennies will say "I got a great education and didn't have to pay a cent for it" and those who went to an "esteemed" out of state school will say "sure I had to pay more for it b...
by Bfwolf
Thu Apr 21, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: How to know when to sell Vanguard ETF
Replies: 15
Views: 1027

Re: How to know when to sell Vanguard ETF

Won't the ETFs settle in 3 days while the mutual funds will settle in 1?

i.e. if you sell the ETFs and buy the mutual funds on the same day, won't you be short the cash the next day when the mutual funds settle but your ETFs have not yet?
by Bfwolf
Wed Apr 20, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

I disagree. UVA does not merely have a modestly superior academic profile. It is significantly better. One measure of the quality of one's peers is to look at the bottom 25% of the class. The bottom 25% of UVA will have SAT scores hundreds of points higher than the bottom 25% of Miami's. I suppose ...
by Bfwolf
Wed Apr 20, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 2:18 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 2:14 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

I think it's worth reviewing the study that says that people who go to elite schools and people who get into elite schools but go somewhere less selective earn the same amount of money. Exceptions are African Americans, Latinos, low-income students, and first generation college students. http://www...
by Bfwolf
Tue Apr 19, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

I think it's worth reviewing the study that says that people who go to elite schools and people who get into elite schools but go somewhere less selective earn the same amount of money. Exceptions are African Americans, Latinos, low-income students, and first generation college students. http://www...
by Bfwolf
Tue Apr 19, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

In response to: He doesn't understand how those comments relate to sitting in the classroom at UVA vs sitting in the classroom at Miami The teaching imparted by Profs at any top 50 school is not very different. However the real difference between top-5, top-20, top-50 and top-100 ranked universitie...
by Bfwolf
Tue Apr 19, 2016 12:40 pm
Forum: Personal Consumer Issues
Topic: Passport photo DIY - anyone done it easily?
Replies: 53
Views: 3037

Re: Passport photo DIY - anyone done it easily?

I used an iPhone passport photo app for my Visa On Arrival pictures I needed for several countries in SE Asia. I found it difficult to find good lighting and the right background and to get the dimensions right. It was fine for these countries as they are not very demanding, but for my passport phot...
by Bfwolf
Mon Apr 18, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8743

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money. If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy! Since when? Lots of people enjoy going to work. A lot of people don't. And for some ...
by Bfwolf
Mon Apr 18, 2016 5:30 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 8743

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money.

If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy!
by Bfwolf
Mon Apr 18, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

Thanks for correcting me, Pennywise. That's an impressive list of recruiters. I didn't mean to imply that no national companies come to UM to recruit, but that there would be more of them at UVA. I have no data to back up that assertion...I tried to find data with a quick Google search but was not s...
by Bfwolf
Mon Apr 18, 2016 1:23 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

I guess I am surprised that job prospects are not anywhere on your list of criteria. Isn't that the primary reason one goes to college? Interesting point. To really answer such a question I would need to explain my son, which would take more than a single post. I guess I would say that I didn't pus...
by Bfwolf
Mon Apr 18, 2016 12:54 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 fell into my lap and I have no idea what to do
Replies: 14
Views: 3196

Re: $100,000 fell into my lap and I have no idea what to do

1) Congratulations! I'm sure you were sad to see your neighbor pass away, but getting a windfall like this is a pleasant surprise. 2) Congratulations! By blind luck, you've been ushered to the best financial advice forum on the Internet. The advice you've received so far is spot on. The first steps ...
by Bfwolf
Sun Apr 17, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

I guess I am surprised that job prospects are not anywhere on your list of criteria. Isn't that the primary reason one goes to college? Where does your son want to live after graduation? If he's ok staying in Florida, U of Miami is a great place to go. All the big Florida companies will recruit ther...
by Bfwolf
Sat Apr 16, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6682

Re: Postnuptial agreement for Physician

Because 1) It's a slap in the face to all the qualified applicants that were rejected for OP's medical school seat who would actually use the degree for more than 10 years 2) Youth hostels are in fact quite terrible. 3) Re-reading the initial post by OP and his follow up I'm 100% convinced we're be...
by Bfwolf
Sat Apr 16, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6682

Re: Postnuptial agreement for Physician

Because 1) It's a slap in the face to all the qualified applicants that were rejected for OP's medical school seat who would actually use the degree for more than 10 years 2) Youth hostels are in fact quite terrible. 3) Re-reading the initial post by OP and his follow up I'm 100% convinced we're be...
by Bfwolf
Sat Apr 16, 2016 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! HR Doesn't Believe in Index Funds for 401k
Replies: 64
Views: 5743

Re: HELP! HR Doesn't Believe in Index Funds for 401k

I agree with the consensus. Trying to convince them that index funds are better than active funds is a losing and career limiting battle. You may just want to let sleeping dogs lie. Or you can try to argue that there should be two more low-cost index funds, a bond fund and an Int'l fund. Or you coul...
by Bfwolf
Sat Apr 16, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6682

Re: Postnuptial agreement for Physician

JonnyDVM wrote:Working your ass off and living like a pauper for ten years so you can travel around the world staying at youth hostels for the next 20 years sounds terrible.


It sounds terrible to you. But to some people this idea is appealing. Why be so dismissive and condescending?
by Bfwolf
Thu Apr 14, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: I'll be a Boglehead Friday. Any advice?
Replies: 93
Views: 6947

Re: I'll be a Boglehead Friday. Any advice?

If the guy you are meeting with is a Registered Investment Advisor representative, then the firm he works for (the Registered Investment Advisor) has to have a document called Form ADV Part 2 that he is obligated to give you. You should specifically ask for it, both Part 2a and Part 2b. In these doc...

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