Search found 1290 matches

by Bfwolf
Tue Jan 17, 2017 2:24 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 961
Views: 119669

Re: What's Your Credit Card Rewards Strategy?

Another tip, this time on Chase's Fairmont card which I just churned and got the rewards on: 2 free nights, 3rd night free with 2 paid nights, 1 room upgrade, and 1 suite upgrade, plus $50 dining. -the dining can be separate from the hotel stay; I plan to go out to brunch in my town with it rather ...
by Bfwolf
Sun Jan 15, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 961
Views: 119669

Re: What's Your Credit Card Rewards Strategy?

for those who got the United mileage explorer card, don't cancel until close to the end of the year when the fee hits. They sent me two more United passes right before renewal. I then called to cancel and they gave me $100 credit which more than offsets the annual fee. Another advantage of keeping ...
by Bfwolf
Wed Jan 11, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 961
Views: 119669

Re: What's Your Credit Card Rewards Strategy?

What currencies do you like Skymiles over? In my experience they're probably the least valuable airline miles, including foreign airlines. This can be strongly affected by where you fly. In particular being in a Delta captive city can make Skymiles more useful than the gyrations necessary to use &q...
by Bfwolf
Sun Jan 08, 2017 4:25 pm
Forum: Personal Consumer Issues
Topic: Best printers for home use
Replies: 67
Views: 4876

Re: Best printers for home use

If you have a little space, the Brother color laser 9130-CW is an all in one with very good printing and number (~2,500) of copies per set of toner cartridges. The price seems to fluctuate widely between roughly $260 and $380. We upgraded to this from a ink jet. The difference is pretty amazing. I ...
by Bfwolf
Sun Jan 01, 2017 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K a no-brainer over company 401k?
Replies: 21
Views: 2724

Re: Solo 401K a no-brainer over company 401k?

Didn't read all of the post but I'm in a similar scenario where I have an employers 401K as well as income for a side business. One thing to remember is that your employers 401K does not limit the amount you can profit share in a separate Solo 401K. For example: you can defer 18K (Possibly more if ...
by Bfwolf
Fri Dec 30, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 12591

Re: I'll never save a 20% down payment. Rent for life?

At the risk of piling on with the folks who are giving you advice you are not asking for and not giving advice on what you are asking for, I also think it's potentially a mistake to discount your wife's earning potential. As an RN, it would seem she has the potential to out-earn you. You talk about ...
by Bfwolf
Fri Dec 30, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried about currency risk in Int'l Stocks
Replies: 34
Views: 2660

Re: Bogle worried about currency risk in Int'l Stocks

Yes, currency risk is real assuming you will be spending the money in US$s. This is a good reason to hold less than the cap weight (around 50%) of equities in International. Many people hold 20% to 40% of their equities in Int'l for this reason.
by Bfwolf
Thu Dec 29, 2016 2:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do with unexpected $500K - no preexisting investments? [Canada]
Replies: 7
Views: 1256

Re: What to do with unexpected $500K - no preexisting investments?

Some suggestions: 1) Read the Boglehead wiki page on Managing a Windfall: https://www.bogleheads.org/wiki/Managing_a_windfall 2) Read the Boglehead wiki page on Getting Started. You can find kits to learn about personal finance, investing, etc. There's a LOT of material here, but it's worth your tim...
by Bfwolf
Mon Dec 26, 2016 11:40 pm
Forum: Personal Consumer Issues
Topic: How to get rid of your belly........
Replies: 82
Views: 8366

Re: How to get rid of your belly........

I like the person before who said diet, exercise, and consistency. IMO, diet is the biggest factor and advice usually comes in 1 of 2 forms: 1) Track your calories by writing it all down with Myfitnesspal or similar and only eat a target number of calories a day. What you eat is not particularly imp...
by Bfwolf
Mon Dec 26, 2016 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 4549

Re: Is it possible to graduate from college in 3 years?

I did it back in the 90s. Came into school with 32 credits of the 120 I needed to graduate. I took generally light loads each semester and took a class in Summer school (maybe two Summers? I can't remember). All this while majoring in history--not exactly the most demanding major. I was lazy in coll...
by Bfwolf
Sun Dec 25, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should not be using VTBLX [Vanguard Total Bond Market Index]
Replies: 14
Views: 1675

Re: Should not be using VTBLX

Yes, almost all long term bond return comes from compound growth. I don't hold bonds to make big returns. I hold bonds as a portfolio stabilizer. For the long haul, you definitely need a nontrivial amount of stocks in a portfolio. In the short term, well, do your TBM vs. S&P 500 comparison for ...
by Bfwolf
Sun Dec 25, 2016 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Should not be using VTBLX [Vanguard Total Bond Market Index]
Replies: 14
Views: 1675

Re: Should not be using VTBLX

Did you know before purchasing it that a bond fund could lose principal if interest rates increase? I assume that you did. And now some of that risk has come to fruition, and you're finding out you're uncomfortable with it. First, I think it's important to talk about the degree of risk here. VBTLX i...
by Bfwolf
Sun Dec 25, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I contact my landlady for lease renewal ?
Replies: 18
Views: 2294

Re: Should I contact my landlady for lease renewal ?

If you want a new one year lease, you should reach out to her. Not sure what benefit you'd get from waiting, aside from perhaps the negotiating power of appearing uninterested. In my experience, individual landlords are usually OK with maintaining the rent, at least for the first year. While she wou...
by Bfwolf
Sun Dec 25, 2016 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: [Sanity check needed for Tax Loss Harvesting]
Replies: 12
Views: 896

Re: [Sanity check needed for Tax Loss Harvesting]

Ah, I think I get it now. Since I technically purchased shares via the dividend reinvestment within 30 days, wash sale rules are triggered unless I sell those shares also - regardless of a gain or loss. Thanks for your (and triceratop's) patience, I'm tracking now I think. You've got it. Keep in mi...
by Bfwolf
Sat Dec 24, 2016 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: [Sanity check needed for Tax Loss Harvesting]
Replies: 12
Views: 896

Re: [Sanity check needed for Tax Loss Harvesting]

Regarding an earlier post that said you don't need to turn off automatic reinvestment of dividends/cap gains, that's only true if no dividend/cap gain will be distributed in the 30 days after your sale. Since VTIAX has just paid out its dividend and is not planning on paying out a cap gain this mont...
by Bfwolf
Sat Dec 24, 2016 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Whole life ins. Co. Asks about bankruptcy. questions
Replies: 22
Views: 2004

Re: Whole life ins. Co. Asks about bankruptcy. questions

You may want to consider using http://www.term4sale.com to search for term life insurance. Term life insurance is (more or less) a commodity, so you can go with whoever is cheapest as long as they have an excellent credit rating. That site will also hook you up with a broker who can help you buy one...
by Bfwolf
Sat Dec 24, 2016 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Whole life ins. Co. Asks about bankruptcy. questions
Replies: 22
Views: 2004

Re: Whole life ins. Co. Asks about bankruptcy. questions

Wow! How fortunate to have posted here to find out that whole life is a scam. Avoid at all costs. +1 I'm always happy when somebody comes here to ask an innocuous question about something, and are instead able to learn about a much broader subject that ends up saving them tens of thousands of dolla...
by Bfwolf
Thu Dec 22, 2016 6:20 pm
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 5353

Re: Fortune Article - Vanguard Flexes Its Muscle

I am also troubled by Vanguard's apparent desire of growth for growth's sake. Expense ratios are already so low--do we really care about another couple of basis points? The real reason to feel good about Vanguard growth is it means more people are moving toward an intelligent approach to investing, ...
by Bfwolf
Thu Dec 22, 2016 2:53 pm
Forum: Personal Consumer Issues
Topic: Grocery cart rolls into side of car, dent, scratched
Replies: 92
Views: 6525

Re: Grocery cart rolls into side of car, dent, scratched

Not really relevant to this particular situation anymore since the OP has gotten money from the store, but I wonder if it's ever possible to hold the people who leave the carts out of the corral responsible. Let's say that they could go back and review video footage of their parking lot and identify...
by Bfwolf
Thu Dec 22, 2016 1:32 am
Forum: Personal Consumer Issues
Topic: Grocery cart rolls into side of car, dent, scratched
Replies: 92
Views: 6525

Re: Grocery cart rolls into side of car, dent, scratched

Update and conclusion I got an estimate for the damage and it involved body work. Amount $627. I called the regional chains' headquarters and spoke to the President's assistant and asked him he do the right thing and pay for the repairs to my car. His secretary called back and he agreed to pay for ...
by Bfwolf
Wed Dec 21, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: What are the REAL reasons to avoid international?
Replies: 71
Views: 5234

Re: What are the REAL reasons to avoid international?

Currency risk first and foremost. There's some tax drag for holding international stocks in the US. Might be 10 or 20 basis points. International stocks include emerging markets which are riskier. This isn't a reason not to hold them, but you may want to hold more bonds if you're choosing to hold in...
by Bfwolf
Tue Dec 20, 2016 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 76
Views: 8467

Re: Ally Bank 1.25% 11 month with no EWP

With the Fed saying they'll increase rates 3 times in 2017, bond funds will likely go down. This information is already priced into bonds today. No it isn't. A percentage of it is but even then The Fed only controls a small part of the yield curve. Which funds get hurt and which do well will depend...
by Bfwolf
Tue Dec 20, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 76
Views: 8467

Re: Ally Bank 1.25% 11 month with no EWP

With the Fed saying they'll increase rates 3 times in 2017, bond funds will likely go down. This information is already priced into bonds today. No it isn't. A percentage of it is but even then The Fed only controls a small part of the yield curve. Which funds get hurt and which do well will depend...
by Bfwolf
Tue Dec 20, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Scotland speeding ticket while renting car
Replies: 15
Views: 2010

Scotland speeding ticket while renting car

I rented a car from Enterprise in Scotland in September. At one point, I saw a flash of light and figured I'd been caught speeding by a camera. I was going from a higher speed area to a lower speed area (approaching a roundabout) and was slowing down, but I guess I wasn't doing it quickly enough. I ...
by Bfwolf
Mon Dec 19, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 76
Views: 8467

Re: Ally Bank 1.25% 11 month with no EWP

GMan82 wrote:With the Fed saying they'll increase rates 3 times in 2017, bond funds will likely go down.


This information is already priced into bonds today.
by Bfwolf
Sun Dec 18, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: Flying with Norwegian
Replies: 24
Views: 2261

Re: Flying with Norwegian

I got a relatively cheap flight to London with Norwegian within a week of travel. First time flying with Norwegian. It seems they are adopting low cost business model (pay for luggage, seats, food etc...). I had to pay $45 for a meal. Any experience flying this airlines, in terms of service etc...T...
by Bfwolf
Thu Dec 15, 2016 12:11 am
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 127
Views: 8387

Re: HSA - is keeping 40 years of medical records practical?

Maybe you're struggling with it because it isn't right, but I think it is. I agree that the tax brackets are a red herring. I was mistaken that those matter. Regarding inflation, imagine you spend $1000 on health care now. You have two choices- keep the receipt and pull the money out in 30 years or...
by Bfwolf
Tue Dec 13, 2016 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - is keeping 40 years of medical records practical?
Replies: 127
Views: 8387

Re: HSA - is keeping 40 years of medical records practical?

I disagree about the "absolutely no problem" withdrawing it later. I'm honestly "worried" I will not be able to spend anywhere near all of it on health care. I expect a half million dollar HSA in today's dollars by the time I'm 60 and I don't have receipts for more than 10% of m...
by Bfwolf
Wed Dec 07, 2016 10:48 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1860

Re: Eclipse viewing

Does anyone already know which locations (appropriate portions of states?) have better histories of clear skies in mid/late august? We are looking for a place where we can do some nice sightseeing, so if there is massive cloud cover in the entire area, it won't be a total bust. The Willamette Valle...
by Bfwolf
Wed Dec 07, 2016 12:36 am
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1860

Re: Eclipse viewing

Thanks for the replies. I booked a cheap room with points south of St Louis for the night before. I'll figure out later whether to cancel the reservation or not.
by Bfwolf
Tue Dec 06, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1860

Eclipse viewing

On 8/21, there will be total solar eclipse across the United States. https://www.greatamericaneclipse.com/nation/ I live in Chicago, which is approximately a 0.9 magnitude according to the map on the link above. I think it's unlikely I'd drive 5 hours to be in the total eclipse path, but I'm curious...
by Bfwolf
Sun Dec 04, 2016 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 4158

Re: Do You Consider Dividends As Income?

If you're just tracking for yourself, it doesn't really matter what you call anything as long as you're consistent, as others have pointed out. But if you are making a distinction between income and investment returns, I would recommend bucketing dividends as investment returns. This is so you will ...
by Bfwolf
Sun Dec 04, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 3831

Re: Feel like I'm spending more even though I'm saving more

You're doing great! Don't feel guilty spending the amount you're spending; you are saving plenty. Money is a tool to be used...you are using some of it to prepare for your future goals and some of it to enjoy life now while you are young. Seems like a perfect strategy.
by Bfwolf
Fri Dec 02, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 961
Views: 119669

Re: What's Your Credit Card Rewards Strategy?

I also applied for Chase Fairmont visa. Yes, sounds great until you try to use your benefits. At least that was my experience. I got the card so I could stay in the London Savoy. I tried booking a year in advance and kept trying during the year. No dates available. I finally gave up and, since my g...
by Bfwolf
Fri Dec 02, 2016 2:22 am
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 90
Views: 7429

Re: Got a Job offer, can I see 401k options beforehand?

Congrats! It was nerve racking but you handled it the best way possible IMO.
by Bfwolf
Tue Nov 29, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Chagall Paintings Recently Left to Me By Family Member
Replies: 16
Views: 1460

Re: Chagall Paintings Recently Left to Me By Family Member

I don't have an answer to your question, but original Chagall's would be very valuable.

If anybody has the opportunity, I highly recommend checking out Chagall's American Windows at the Art Institute in Chicago.

http://www.artic.edu/exhibition/Chagall
by Bfwolf
Tue Nov 29, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 5246

Re: Which Credit card for a large one-time expense?

gloomydog wrote:My vote...get 2 chase sapphire reserve cards, put 4K on each.

That travel credit is extremely flexible. You can use it for toll, taxi (even uber but not uber gift cards), parking, etc.


This would require a spouse, no? Otherwise, he won't be eligible for the bonus a second time.
by Bfwolf
Mon Nov 28, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 90
Views: 7429

Re: Got a Job offer, can I see 401k options beforehand?

Didn't you have an interview with the other company today? How did that go?
by Bfwolf
Fri Nov 25, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 5246

Re: Which Credit card for a large one-time expense?

Why would anybody give this opportunity up to get $160 back on a 2% cash back card? Some people don't like playing the credit card game of opening accounts for a bonus just to cancel them a few months later to avoid an annual fee because it's too much of a hassle. Ditto for dealing with travel poin...
by Bfwolf
Fri Nov 25, 2016 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Maxed 401k - Now What?
Replies: 12
Views: 2273

Re: Maxed 401k - Now What?

So sounds like my game plan is as follows: 1) Definitely continue maxing out traditional and Roth 401K and start maxing my HSA. 2) Contribute to IRA and rollover to Roth (prioritized over after-tax 401K because we can only in-plan Roth convert 2x a year and you can backdoor Roth IRA in a matter of ...
by Bfwolf
Fri Nov 25, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit card for a large one-time expense?
Replies: 50
Views: 5246

Re: Which Credit card for a large one-time expense?

I would also recommend the Chase Sapphire Reserve and combining it with...drumroll...the Chase Sapphire Preferred. Both have a $4,000 spending requirement for the bonus within the first three months. See if your vendor will accept that. If they do, say hello to 150,000 Ultimate Rewards points. If y...
by Bfwolf
Wed Nov 23, 2016 1:22 am
Forum: Investing - Theory, News & General
Topic: "Vanguard Inflation-Protected Securities Is a Top Pick."
Replies: 23
Views: 3568

Re: "Vanguard Inflation-Protected Securities Is a Top Pick."

... I honestly have no idea how a retiree survives with this fund or makes it work. There has been close to ZERO in terms of cash flows from dividends! Hard to pay the bills with that (i.e. "Income Risks") as Jack Bogle has said. Sorry for the snark, but you do realize this is equivalent ...
by Bfwolf
Tue Nov 22, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Inflation-Protected Securities Is a Top Pick."
Replies: 23
Views: 3568

Re: "Vanguard Inflation-Protected Securities Is a Top Pick."

I am perplexed by people who point to significant volatility in TIPS funds when interest rates change and say "why would I own this?" TIPS don't offer interest rate protection. They offer inflation protection. Inflation has been low for a long time, so the inflation protection that TIPS pr...
by Bfwolf
Tue Nov 22, 2016 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Just joining the party
Replies: 15
Views: 1723

Re: Just joining the party

A few thoughts. 1) Your asset allocation seems OK to me. Lighter on bonds than I would normally like, but that's up to you. I did notice you don't own any bonds yet! I guess that's what you'll replace the American funds with? 2) Your 5% mortgage presents an opportunity. You get a 5% guaranteed retur...
by Bfwolf
Mon Nov 21, 2016 8:01 pm
Forum: Personal Consumer Issues
Topic: Guys Long Weekend
Replies: 11
Views: 1275

Guys Long Weekend

I am close friends with 5 guys from high school. We are all about 40. A couple of years ago, we all traveled to San Francisco for 3 or 4 days and stayed at the house of one of the guys who lives in Tiburon. His wife and kids were on vacation so we had the house to ourselves. We had such a great time...
by Bfwolf
Sat Nov 12, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401(k) plan
Replies: 21
Views: 1394

Re: Starting a 401(k) plan

I agree with both the use of Target Retirement funds (because people understand them better) over Life Strategy and cutting the number of funds way down to be more in line with the TSP. I think it should be enough to have: The Target Retirement lineup Total Stock Total International Stock Total Bond...
by Bfwolf
Fri Nov 11, 2016 7:04 pm
Forum: Personal Consumer Issues
Topic: T-Mobile New 'One' Plan
Replies: 27
Views: 3347

Re: T-Mobile New 'One' Plan

For folks that have the new T-Mobile One Plan, can you upgrade one line to the One Plus plan (for $25/month) without upgrading all the lines to that plan?
by Bfwolf
Fri Nov 11, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 574

Re: Liability insurance for rental car

I called up Geico just now and got a quote. It was $186.05 for 6 months and that was for pretty minimal coverage. Then at the end of the call I found out that rental cars were not included!! I think I will just buy the rental car insurance from the rental car company on the rare occasions I rent car...
by Bfwolf
Fri Nov 11, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 574

Re: Liability insurance for rental car

2) If I am with somebody who does have a personal car insurance policy, and the reservation is under their name and I'm listed as an additional driver, would I be covered from a liability perspective under their insurance? Yes, but you have to be awfully trusting of that person Can you elaborate?
by Bfwolf
Fri Nov 11, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 574

Re: Liability insurance for rental car

I recommend getting a a non-owners policy through one of the major carriers. Not only will this protect you while renting cars, but it also protects you during any indecent with a vehicle. For example if you get hit by an uninsured car while walking or biking, you have almost no recourse. With a no...

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