Search found 1258 matches

by BogleMelon
Wed May 23, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 46
Views: 1730

Re: Quicken - Do you use it?

I loved MS Money and was sad when it disappeared. I used Quicken but jumped ship when someone introduced me to You Need a Budget YNAB (I felt it works better for me as I'm self employed and there were particular features that seemed to be more in line with the way I do business. For example, I like...
by BogleMelon
Wed May 23, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 23
Views: 1165

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

I have currently (AAA Plus) with my wife. Bought it last year on a discounted rate. If I am going to renew it this June, the website shows me I would pay $200 for both of us :shock: This is not reasonable for me. Let alone that their web site is really cluttered and hard to navigate. It is not possi...
by BogleMelon
Tue May 22, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 23
Views: 1165

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Any claim for tow, gas, battery jump or tire change shows up on CLUE report as a insurance claim if you use geico. Not sure what's a CLUE report, but i emailed Geico about that and they responded: When you use the service, it will not impact your premium. However, if the service is used more then 5...
by BogleMelon
Tue May 22, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 23
Views: 1165

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

Any claim for tow, gas, battery jump or tire change shows up on CLUE report as a insurance claim if you use geico. Not sure what's a CLUE report, but i emailed Geico about that and they responded: When you use the service, it will not impact your premium. However, if the service is used more then 5...
by BogleMelon
Sun May 20, 2018 5:42 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 76
Views: 4437

Re: What’s your phone/internet bill?

AlohaJoe wrote:
Sat May 19, 2018 2:33 am
My phone bill is $3 a month which gets me 7GB/month of 4G.
Are you sure it isn't $30? :shock:
by BogleMelon
Sun May 20, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 55
Views: 7676

Re: How long to hold 80/20 asset allocation

My asset allocation is based on my total amount saved. I have a written policy that upon reaching specific milestones in terms of money, I will reduce the risk. Currently I am 85/15, but once I reach $100K goal in retirement money, it will be 80/20.
by BogleMelon
Fri May 18, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 43
Views: 4363

Re: Insight Card (APY 5%) full personal review

Just as a FYI since there are some conflicting reporting here, the 5% you earn is ONLY on the $5000. Any interest that you earn will stay in the $5000 saving account, but WILL NOT earn 5% interest on top. There is a reddit post that assure that the interest stays there earn interest. Some people di...
by BogleMelon
Fri May 18, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 43
Views: 4363

Re: Insight Card (APY 5%) full personal review

Just as a FYI since there are some conflicting reporting here, the 5% you earn is ONLY on the $5000. Any interest that you earn will stay in the $5000 saving account, but WILL NOT earn 5% interest on top. There is a reddit post that assure that the interest stays there earn interest. Some people di...
by BogleMelon
Fri May 18, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 2948

Re: Unique Phone Apps that you find yourself using most often?

Can't believe WAZE hasn't been mentioned yet! Although now owned by Google, it's much more useful, IMHO, than Google Maps. However, it's a heavy data user, so need to be careful if you have a limited cell data plan. G Maps with lane guidance is unique. I love it when it says "Take the second lane f...
by BogleMelon
Thu May 17, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7553

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

randomizer wrote:
Thu May 17, 2018 9:55 am
OP: does your friend know more than Warren Buffett?
You won the internet!
by BogleMelon
Thu May 17, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 22
Views: 2031

Re: Buying I bonds - what is the purpose of Registration on TD website

In addition to buy the I bonds jointly as other explained, you may need to do the following to enable your spouse to have full access to view and sell the I bonds from his own account login: 2 days later when the bonds is in your holdings, go to your account> ManageDirect menu > Manage My Securities...
by BogleMelon
Thu May 17, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3219

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

I already went with VMMXX. The SEC yield as of today is 1.85% not 1.87%.
The compound rate though is 1.87%. Not sure what is the difference! May be someone can explain?
by BogleMelon
Wed May 16, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1553

Re: Better to be in debt to yourself or others?

Something to keep in mind, with a 401K loan, once you leave the employer you have only 60 days to pay back the entire balance This is incorrect. For one thing, the law never required this. The plan is allowed to make another arrangement. At Megacorp it just changes from payroll deduction to you rep...
by BogleMelon
Wed May 16, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2187

Re: Why this problem never gets fixed

Here is how you can solve the problem: Save and invest so you can become richer so you can afford the insurance premiums, your deductibles, your coinsurance..etc Up to the out of pocket maximum Just because one can afford to pay, doesn't mean I should pay whatever price for the same item I can buy ...
by BogleMelon
Wed May 16, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1553

Re: Better to be in debt to yourself or others?

Something to keep in mind, with a 401K loan, once you leave the employer you have only 60 days to pay back the entire balance
by BogleMelon
Wed May 16, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2187

Re: Why this problem never gets fixed

Here is how you can solve the problem: Save and invest so you can become richer so you can afford the insurance premiums, your deductibles, your coinsurance..etc Up to the out of pocket maximum
by BogleMelon
Wed May 16, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Rent Car before Buying
Replies: 19
Views: 1210

Re: Rent Car before Buying

Hertz has a rent to buy program. I used it to buy my current car. You may find the cars you want in here: https://www.hertzcarsales.com
by BogleMelon
Wed May 16, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7553

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

What many investors don’t know is that most stock returns come in very short and unpredictable bursts. Which is why Charles Ellis offered this advice in his outstanding book, “Investment Policy”: “Investors would do well to learn from deer hunters and fishermen who know the importance of ‘being the...
by BogleMelon
Wed May 09, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Please talk me into saving more in retirement instead of home down payment
Replies: 13
Views: 2206

Re: Please talk me into saving more in retirement instead of home down payment

Also, if I understand correctly you have $54k in cash, $6k of which you've allocated to a down payment. This is over a year of expenses in cash. Any reason why so much cash on hand? Some of that is related to being an immigrant (legal stuff costs expected this year).. Also we are expecting to go ba...
by BogleMelon
Wed May 09, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Please talk me into saving more in retirement instead of home down payment
Replies: 13
Views: 2206

Re: Please talk me into saving more in retirement instead of home down payment

Late's 30's Married with no children, NJ residents, paying a rent that is lower than the crazy market due to a special program I entered when I was moderate income, the program won't terminate probably unless I ended my lease. My income: $88K, Wife's $23K Current annual saving for retirement: 20% o...
by BogleMelon
Tue May 08, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Choosing Roth or Traditional for state plan contributions?
Replies: 1
Views: 147

Choosing Roth or Traditional for state plan contributions?

For a wife who works in a state job, and doesn't have 401K, but has a "Deferred Compensation Plan" which could be traditional or Roth based on our choice. Should we choose Roth? Additional info: In NJ (where we live) only 401K's contributions are tax deductible not any other contribution plans inclu...
by BogleMelon
Tue May 08, 2018 8:12 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3519

Re: Why do so many Americans not own stocks?

Not just this, but I know at least 2 families who sold their retirement account to buy a home in a HCOL area with a 3% down payment. I think people just tend to understand and appreciate tangible assets because they can "see" it! :oops: I know a half dozen families that did the same (well bigger do...
by BogleMelon
Tue May 08, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3519

Re: Why do so many Americans not own stocks?

Not just this, but I know at least 2 families who sold their retirement account to buy a home in a HCOL area with a 3% down payment.
I think people just tend to understand and appreciate tangible assets because they can "see" it! :oops:
by BogleMelon
Mon May 07, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1062

Re: Trying to understand inflation

I’m trying to understand inflation in relation to how to calculate how much I need in Retirement (total dollar amount). I’m using Calculator Soup Investment calculator and here are the numbers I’m inputting: Beginning Investment amount: $100,000 Number of years: 23 Interest Rate: 7% Compounding: Mo...
by BogleMelon
Mon May 07, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Saver's credit.. Do I get that right?
Replies: 3
Views: 498

Re: Saver's credit.. Do I get that right?

It is based on AGI, not taxable income. See: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit Also at 10% of 2000 each (4000), it would be 400, not 4000. Oh you are right, so the standard deduction shouldn't be taken into consideration. T...
by BogleMelon
Mon May 07, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Saver's credit.. Do I get that right?
Replies: 3
Views: 498

Saver's credit.. Do I get that right?

If our gross income for the year as a married filled jointly is $111K. And if helath insurance premuim+401K's+Standard deduction will bring the taxable income down to $55,000. Assuming that total 401K's contribution is $29000 in addition to another $11000 to Roth IRA's (I didnt include this in the $...
by BogleMelon
Sun May 06, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me into saving more in retirement instead of home down payment
Replies: 13
Views: 2206

Re: Please talk me into saving more in retirement instead of home down payment

Please tell me that based on my current circumstances we are making a right decision that we won't regret later. You can almost always take your contributions(but not earnings) out of Roth so there is little downside to putting the money in the Roth since you can still use it for a downpayment. Som...
by BogleMelon
Sun May 06, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please talk me into saving more in retirement instead of home down payment
Replies: 13
Views: 2206

Please talk me into saving more in retirement instead of home down payment

I have posted my situation before but to recap: Late's 30's Married with no children, NJ residents, paying a rent that is lower than the crazy market due to a special program I entered when I was moderate income, the program won't terminate probably unless I ended my lease. My income: $88K, Wife's $...
by BogleMelon
Fri May 04, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: 1st Time Home Purchase Experience
Replies: 12
Views: 1760

Re: 1st Time Home Purchase Experience

Congratulations for the purchase! That confirmed a previous doubts for me, that buying a house could be NOT a stressful event.
Thanks for sharing!
by BogleMelon
Fri May 04, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: question about how to buy ibonds for wife?
Replies: 5
Views: 538

Re: question about how to buy ibonds for wife?

Your wife has to have her separate account. Then you (on your account) add a registration list by choosing Primary Owner. If you choose Beneficiary it would be POD (Payable On Death). Then go ahead and buy the I bonds with that registration. Here is the tricky part, you have to do the following to a...
by BogleMelon
Thu May 03, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 3184

Re: Swollen Emergency Fund....What now?

Jon B wrote:
Thu May 03, 2018 12:18 pm
as I am fearful of losing my principal.
OP
Do you understand that if the interest rate is lower than the inflation rate, then you are loosing the value/Purchase power of your principal even though the amount stays the same?
by BogleMelon
Thu May 03, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Navigating the dark side of capitalism
Replies: 19
Views: 1477

Re: Navigating the dark side of capitalism

When you buy a share of company A, you don't take your business to company A. You are not a customer here. You buy the share from someone else. That (transition of the share from person 1 to person 2) doesn't benefit the company. It benefits/harm you. since the higher cost of capital implies a high...
by BogleMelon
Thu May 03, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Navigating the dark side of capitalism
Replies: 19
Views: 1477

Re: Navigating the dark side of capitalism

If a company violated the law, it would face consequences (think of Enron). This doesn't prove that all companies which violate the law (even those where the illegalities become public knowledge) face legal consequences. I can find examples where they did not. Correct! I should have said: "If a com...
by BogleMelon
Thu May 03, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Navigating the dark side of capitalism
Replies: 19
Views: 1477

Re: Navigating the dark side of capitalism

SagaciousTraveler wrote:
Thu May 03, 2018 12:35 pm

is to either hurt them with your wallet
Only one way to do so: don't buy their product/service

Being a shareholder does NOT benefit them. Avoiding their shares does NOT hurt them.
by BogleMelon
Thu May 03, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Navigating the dark side of capitalism
Replies: 19
Views: 1477

Re: Navigating the dark side of capitalism

If a company violated the law, it would face consequences (think of Enron). When you buy a share of company A, you don't take your business to company A. You are not a customer here. You buy the share from someone else. That (transition of the share from person 1 to person 2) doesn't benefit the com...
by BogleMelon
Thu May 03, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6282

Re: Pay $2500 in rent or continue living at home

Or #3: Move out to LCOL area after finding another job there!
by BogleMelon
Wed May 02, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Account or Online Savings for Emergency Fund
Replies: 23
Views: 2008

Re: Money Market Account or Online Savings for Emergency Fund

+1 on using a brokerage money market fund instead of a bank. +2 I moved my money from Ally to Vanguard Prime MM fund Can you help me understand why you would move the funds to the Prime when the Municipal is tax free (VMSXX)? Not criticizing, just wondering and trying to understand the difference. ...
by BogleMelon
Wed May 02, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10048

Re: Have you quit eating sugar? Tell me how!

Sugar is hard to resist. But I started with eliminating soda, then reduce the sugar amount in my coffee and tea very slowly and over long time. Now I drink coffee with no sugar. I don't mind tons of fruit, the water in it will get you full before the sugar surges in your blood. Ice cream is a proble...
by BogleMelon
Wed May 02, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 6312

Re: Berkshire Hathaway B

(Stupid question?) If I’ve mutual funds of total stock market (like VTSAX), does it also mean I have Berkshire H shares? Asking mostly, if I can use this logic to get some Geico discount :D Vanguard total atock index is about 1.4% berkshire and s&p 500 about 1.6% Dont think you can use this for a d...
by BogleMelon
Wed May 02, 2018 7:41 am
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1386

Re: Buying MM fund right before distribution day!

I'm trying to decide if OP is joking, or if the responders are kidding, or all of the above. What is funny in my post? as someone else mentioned, I bonds provide this opportunity, buying last day of the month and you get the full month interest. I am trying to figure out if MM fund can be used the ...
by BogleMelon
Wed May 02, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4068

Re: Ally asking CURRENT customer to provide SSN card?

I don't have any answer, but boy oh boy oh boy does this sound wrong. To begin with, a Social Security card only has one personally identifying thing on it: a signature. That's all it is, a number, a name, and a signature. No picture, no hologram, no thumbprint. Cheaply printed on ordinary cardboar...
by BogleMelon
Tue May 01, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance - inquiry
Replies: 7
Views: 820

Re: term life insurance - inquiry

Get a policy now that would cover till the age you feel is enough (60 or 65) and with an amount that is enough. After you pay the first premium of the new policy you go and cancel the current one.
by BogleMelon
Tue May 01, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Account or Online Savings for Emergency Fund
Replies: 23
Views: 2008

Re: Money Market Account or Online Savings for Emergency Fund

+1 on using a brokerage money market fund instead of a bank. +2 I moved my money from Ally to Vanguard Prime MM fund +3 I moved my EF from Ally to Vanguard PA Municipal Money Market Fund and ordered checks for my brokerage account. Was it possible to order the checks online? Or you have to mail out...
by BogleMelon
Tue May 01, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1386

Buying MM fund right before distribution day!

I was just wondering, since MM funds (example: Vanguard Prime MM fund) distribute dividends around the last day of the month. Is it possible to move the money every month to the fund just before the distribution date, then move it back to the saving account to earn the interest for the whole month a...
by BogleMelon
Tue May 01, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Account or Online Savings for Emergency Fund
Replies: 23
Views: 2008

Re: Money Market Account or Online Savings for Emergency Fund

UpperNwGuy wrote:
Tue May 01, 2018 11:26 am
+1 on using a brokerage money market fund instead of a bank.
+2
I moved my money from Ally to Vanguard Prime MM fund
by BogleMelon
Tue May 01, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17343

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

This could be a new version of the yoyo scam: https://www.edmunds.com/car-loan/dont-fall-prey-to-spot-delivery-scams-and-yo-yo-financing.html Like others said, offer to return the car, and if they tried to keep your paid money, or if they counter offer by raising your monthly payment while you keep ...
by BogleMelon
Mon Apr 30, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: 6 month T-bills are at 1.99%
Replies: 55
Views: 5059

Re: 6 month T-bills are at 1.99%

jacoavlu wrote:
Mon Apr 30, 2018 11:32 am
At the Treasury auction today the 26 week T-bill high rate, which is what you get with a noncompetitive bid, was 1.990%.
I dont really understand the difference between the high rate and the Investment rate