## Search found 1868 matches

Tue Nov 14, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: Keep old cards active by paying yourself?
Replies: 20
Views: 2273

### Re: Keep old cards active by paying yourself?

I have had cards for years without using them. In fact, only Home Depot has cancelled a card on me for inactivity.
Tue Nov 14, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1436

### Re: At what rate of return would you keep a whole life policy?

Because the costs are frontloaded. I don't have the spreadsheet in front of me, but I think the IRR from inception so far is something like 2.9%. The policy has barely kept up with inflation. It should never have been bought in the first place, but the only relevant question is what to do with it g...
Mon Nov 13, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1436

### Re: At what rate of return would you keep a whole life policy?

Caduceus wrote:
Mon Nov 13, 2017 2:34 pm
If you calculate it like that, you will overstate the returns because that calculation assumes you are happy for your premium payment to have earned nothing in interest.
Fair enough. 4.78%.
Mon Nov 13, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1436

### Re: At what rate of return would you keep a whole life policy?

I have a whole life policy that is "yielding" 4.98%. Calculating return is not complicated. Take the difference between the current cash surrender value, and last year's cash surrender value. Subtract the premium. Divide that by last year's cash surrender value. Blammo, that was your return. (You on...
Mon Nov 13, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14404

### Re: Why pay cash for a car?

fabis wrote:
Sun Nov 12, 2017 7:00 pm
if you can afford the car outright but choose to go with payments, why not just give them the 3 grand extra right then and there?
Because this is not the actual tradeoff.
Mon Nov 13, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Soylent?
Replies: 24
Views: 1553

### Re: Anyone Tried Soylent?

I haven't tried it. But at least we have a cheap and virtually inexhaustible supply of typing paper, now that it's made out of Soylent White.
Fri Nov 10, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: 11 month no pnealty CD 1.55% 1K Minnimum
Replies: 11
Views: 1951

### Re: 11 month no pnealty CD 1.55% 1K Minnimum

Not to knock the find, but for the past almost-decade I've been using the Vanguard Short-Term Investment Grade fund (VFSTX), currently yielding 2.01%. Yes, there is some principal risk, but not chasing short-term CD deals has been very relaxing for me. (Also have about \$110K of I-Bonds gradually cha...
Fri Nov 03, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 91
Views: 7772

### Re: Should I decline Grand Prize trip because of taxes on winnings?

Are meals included, and can you eat \$4000 worth?
Fri Nov 03, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Help me understand the Used Car Dealership perspective
Replies: 29
Views: 3370

### Re: Help me understand the Used Car Dealership perspective

GoUBears wrote:
Fri Nov 03, 2017 5:46 am
made reasonable offers based upon what similarly equipped cars in MA/CT are listed for
Why don't you go get one of those?
Thu Nov 02, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: File 1040 on January 1st to thwart identity thieves?
Replies: 14
Views: 1357

### Re: File 1040 on January 1st to thwart identity thieves?

Just make sure you owe money every year. No ID thief will turn in that type of tax return. The IRS will know that yours is the true one and you will have no further hassles. I'm not sure if you're joking. The criminal files a form which indicates large withholding, or large estimated payments, then...
Thu Nov 02, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 2929

### Re: Do you Mow your own Lawn?

open_circuit wrote:
Thu Nov 02, 2017 10:30 am
TonyDAntonio wrote:
Thu Nov 02, 2017 10:29 am
Cut my own hair (flowbee)
That's amazing. I've never heard of anyone actually using this before!
You're new to the forum. I know I've seen it a lot here, so I just checked, and there are 11 threads which mention the Flowbee, mostly positively.
Wed Oct 25, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 4230

### Re: How to get over the fear of traveling without spouse and children?

I have a fear of traveling WITH my children...
Tue Oct 24, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Credit card companies forgiving debt after death?
Replies: 48
Views: 3854

### Re: Credit card companies forgiving debt after death?

DTSC wrote:
Tue Oct 24, 2017 1:02 pm
She told me that if she had know they would forgive the debt, she would have charged his funeral on the card.
My guess is they would only cancel balances from before the actual time of death.
Tue Oct 24, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell stock if it would eat through my carryover losses?
Replies: 4
Views: 404

### Re: Should I sell stock if it would eat through my carryover losses?

How long are you going to live? It will take 50 years to take all your capital loss carryover as deductions to income. I'm in the same boat, but with only \$48K in carryover. I'm holding off all my selling as much as I can (and rebalancing in my tax deferred accounts) but at least I can take all of t...
Thu Oct 19, 2017 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Political/Legislative risks of Munis
Replies: 10
Views: 690

### Re: Political/Legislative risks of Munis

As for thread locking...

I don't think speculating on pending legislation is the same as acknowledging that regime uncertainty is a financial risk. Then again, the effect seems more so when it comes to stocks.
Thu Oct 19, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Political/Legislative risks of Munis
Replies: 10
Views: 690

### Re: Political/Legislative risks of Munis

Almost always, when changes are made to tax treatment of financial assets, the changes only apply to new issues. Older assets use the rules in place at the time those assets were issued. This is not something I worry about. All of the people who are "really" in charge of the government own those sam...
Thu Oct 19, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 12224

### Re: Account security - Hackers gain access to mobile and then break havoc

Xpe wrote:
Fri Sep 15, 2017 1:46 pm
"What was your high school name? 238fjkl49sj"
I think we went to high school together!
Wed Oct 18, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 3998

### Re: anhybody buying bitcoin

Bitcoin is magical. The more expensive it gets, the more people like it. I believe there are two things going on. The technology behind Bitcoin, blockchain, is revolutionary. As technology goes that "changes everything" it changes everything. It is simply a very very very important innovation. Prob...
Wed Oct 18, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to make some dollars on a 10 day vacation?
Replies: 57
Views: 5283

### Re: Best way to make some dollars on a 10 day vacation?

rj49 wrote:
Wed Oct 18, 2017 11:53 am
[...]
Uber or Lyft, or UberEats,
[...]
It also makes your mileage tax-deductible, as well as things like car maintenance
No... it does one or the other, but not both.
Wed Oct 18, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: New for Vanguard!
Replies: 28
Views: 3861

### Re: New for VANGUARD!

If you don't have \$3000 to invest, your money should go into a savings account.
Wed Oct 18, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 3998

### Re: anhybody buying bitcoin

I bought about \$15 in Bitcoin in January, just to play around with it and see how the clients work, etc.

It is worth about \$72 now, but I don't think I'm smart, and I'm not still buying.
Mon Oct 16, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: IBonds - now or wait? [November 2017 rate]
Replies: 40
Views: 5486

### Re: New I Bond Variable Rate for November 2017 - 2.48%

The fixed rate is never known until the rate change announcement on November 1st.
Fri Oct 06, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: 45% Down Payment vs. High Mortgage (Massachuestts)
Replies: 17
Views: 1616

### Re: 45% Down Payment vs. High Mortgage (Massachuestts)

grabiner wrote:
Thu Oct 05, 2017 9:08 pm
Why is your mortgage rate 6%? Do you have poor credit?
Seconded. This question is important. Rates should be around 4%. I did a PenFed 5/5 when it was 2.15%. It is now 3%.
Thu Oct 05, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2998

### Re: That blank stare... ?

Do we need a "support group for spouses of Bogleheads" sub-forum?
Wed Oct 04, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners Insurance Claim: reasonable time to wait
Replies: 4
Views: 274

### Re: Home Owners Insurance Claim: reasonable time to wait

Are you taking additional damage in the meantime? If not, I'll agree with the others and say be patient.
Mon Oct 02, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Question on Roth Conversion theory
Replies: 23
Views: 1298

### Re: Question on Roth Conversion theory

I'm guessing Taxpayer and Spouse.

I believe the answer is "Yes, a Roth IRA is strictly better than a non-deductible traditional IRA." But as Earl says, to do the conversion tax-free, you would have to have no other tax-deferred IRAs.
Fri Sep 29, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 8483

### Re: Question: Why do people put/keep millions of dollars in investment accounts?

Regarding risks and dips and RBDs, during the big crash of 2008, I told people I owned 0.000000003% of the world's publicly traded companies yesterday, and today I own 0.000000003% of the world's publicly traded companies. I believe holding cash is gambling.
Thu Sep 28, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally Underpaid Income Taxes – Please Advise
Replies: 8
Views: 819

### Re: Accidentally Underpaid Income Taxes – Please Advise

Your tax software or accountant should compute the penalty and interest. In the past, if it was my fault I just paid it. If it was not my fault, I wrote a letter to the IRS saying "I should not pay a penalty because <reason>" and include a check for my tax, plus interest, but excluding the penalty, ...
Thu Sep 28, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 35
Views: 4278

### Re: I-Bonds?

[...] Does it bother anybody that I-bonds are guaranteed to have a negative real return due to the eventual taxes that must be paid on the interest? [...] It bothers me, but it's the best of available options for liquid cash. Local Credit Union savings = 0.15% Ally Bank savings = 1.15% Series I Sav...
Thu Sep 28, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 15317

### Re: Why do you LBYM? Why do you save and invest?

I've found that I enjoy my job more the more I don't need it.
Wed Sep 27, 2017 2:27 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 238
Views: 57985

### Re: My New Car Buying Tips

A car that has been on the dealer lot for a year has been baked in the sun, frozen in the winter (depending on your climate), hasn't been driven, might need a new battery. All the rubber parts (belts, seals, CV boots, etc.) have aged 1 year and are that much drier, more rigid, or otherwise aged/deca...
Wed Sep 27, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: \$700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4682

### Re: \$700 to install a dishwasher seem by a plumber?!

Does this even count as "plumbing?"

There's a flexible hose after the shutoff valve that is probably connected to the dishwasher by a hose clamp, or something, right? I know I've done this twice before, and it was so inconsequential I don't even remember the specifics of it.
Wed Sep 27, 2017 12:51 pm
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 1719

### Re: Pension shortfalls and changes in Muni bond allocation?

There was a Vanguard article about this (roughly) a couple months ago:

https://advisors.vanguard.com/VGApp/iip ... ooksStrong
Wed Sep 27, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Pay With Gasbuddy Card
Replies: 18
Views: 1269

### Re: Pay With Gasbuddy Card

I'm still using the PenFed gas card with 5% back. Unfortunately, I don't think it's available anymore to new customers. I filled up yesterday at \$2.60/gal so that's \$0.13 off per gal. Ditto that. They keep "offering" to "upgrade" me to the points card, and I always think HAIL NO, you got to be kidd...
Tue Sep 26, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC w/ low or no initial draw
Replies: 11
Views: 1062

### Re: HELOC w/ low or no initial draw

There is usually a "draw period" and a "repayment period." At my local CU, it is 4 years and 20. So after 4 years, if I needed to retain the ability to draw funds from it, I'd have to apply to open a new account. I decided not to. I did the same thing, the minimum withdrawal was \$5000, which was pla...
Tue Sep 26, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Alternative to Google Finance? [Portfolios feature deprecated]
Replies: 52
Views: 10612

### Re: Alternative to Google Finance?

Sometimes I wish I was paying so I can demand my money back.
Wed Sep 20, 2017 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24953

### Re: I won the Lottery. Need sound advice.

In OP's defense, "2 chicks at once" is a movie quote, and didn't sound like a serious objective.
Wed Sep 20, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pimco Income Fund - What am I missing?
Replies: 17
Views: 2845

### Re: Pimco Income Fund - What am I missing?

According to Morningstar, the allocation is:

147% bonds
-48% cash
1% other

I think I can see where the yield is coming from.
Wed Sep 20, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone know what the latest Bob Brinker portfolio is?
Replies: 5
Views: 958

### Re: Does anyone know what the latest Bob Brinker portfolio is?

VCSH (Vanguard short-term corporate) has a 2.11% yield on 2.8 year duration.

I think you'd have to be well into junk territory to get 3% on 1 year. Then again, I'm not a professional market timer.
Wed Sep 20, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 26124

### Re: Calling out the not so rich bogleheads

Part of the bias, at least in my case, was that I didn't join the forum until I had enough money to worry about. I started working in 2000, about \$80K in debt. I was in a technical profession making about \$40K. I was not a forum member. By 2004, I was out of debt, and making about \$60K. By 2007, I h...
Wed Sep 20, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Does bid-ask spread matter with automatic reinvestment?
Replies: 14
Views: 761

### Re: Does bid-ask spread matter with automatic reinvestment?

If you reinvest dividends in a mutual fund, the fund has to purchase the underlying assets, and there will be a spread there, too. I don't think there's much of a difference. One you see very plainly, the other you don't.
Wed Sep 20, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: When bitcoin splits, is that like a stock splitting?
Replies: 4
Views: 411

### Re: When bitcoin splits, is that like a stock splitting?

Pretend you were writing a document in a word processor, except you can only add to the document, you can't go back and edit anything. Halfway through, you make a copy and give it to a friend. (Your friend's document is the "fork.") Now, you and your friend both continue writing in the document. Eve...
Fri Sep 15, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4068

### Re: Advice Badly Needed---Meeting with Financial Advisor

Incidentally, the way I found this forum was when I had second thoughts about some insurance products I was involved with. At the time, a google search for something like "is whole life insurance worth it" went right to the Bogleheads forum. It changed my life.
Fri Sep 15, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Advice Badly Needed---Meeting with Financial Advisor
Replies: 49
Views: 4068

### Re: Advice Badly Needed---Meeting with Financial Advisor

Good advice here. I escaped from NML 10 years ago, about \$50K poorer than I would be following Boglehead strategies. No telling what the loss would be if I stayed with them all this time. If you ever think you need an adviser, just post your question here and you'll have 20 advisers.
Thu Sep 14, 2017 2:56 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 6824

### Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Wow, Bitcoin is TANKING. It hasn't been this low since August 2017!!! This proves Bitcoin is bunk somehow!!
Wed Sep 13, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3864

### Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

I don't know what use this number is, but for me it's about 3%.
Wed Sep 13, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Electric car in evacuation situation
Replies: 61
Views: 4525

### Re: Electric car in evacuation situation

A plug-in hybrid gives you more options. I can drive 500+ miles on gas (40MPG), or I can drive 20 miles, charge for 2 hours, and repeat. (Average speed including charge time is about 8 mph!!) So if there's gas, I'll get there. If there's no gas, but there's electricity, I'll get there... eventually....
Wed Sep 13, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25319

### Re: Name something you had to have and now you regret purchasing it?

AllieTB1323 wrote:
Wed Sep 06, 2017 1:38 pm
Our trailer trailer. It is now on consignment at a local dealer. Live and learn.
Wow, I know how hard it is backing up with a trailer, but I can't imagine the difficulty of backing a trailer trailer! I would regret that too.
Wed Sep 13, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Tesla Financing
Replies: 22
Views: 2363

### Re: Tesla Financing

Regarding "greenness," an electric car is the only car that gets cleaner over time.
Thu Sep 07, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16146

### Re: Bitcoin in 3-fund indexed portfolio?

Thanks for replying. It does claim to be a currency, but I believe the governments treat it as a commodity. Either way, it's an asset that doesn't claim to produce interest or dividends. So your only hope for capital gains is that it is generally accepted as a useful "thing" by more and more people...