Search found 916 matches

by Da5id
Wed Mar 01, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3337
Views: 840243

Re: U.S. stocks in freefall

linenfort wrote:
Uncle Pennybags wrote:The sad thing is if I invest now it has to be in bonds. :(

Why?


Presumably to move towards his target asset allocation?

Anyway, freefall ain't what it used be as was said up thread a bit. But the freefall will come, it always does.
by Da5id
Wed Mar 01, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds bad in ROTH? Infographic:
Replies: 28
Views: 1671

Re: Bonds bad in ROTH? Infographic:

Sorry for being slow on this point (it's really hurting my head). Simply put: Since the ROTH gains are tax free, why not put the asset class in the ROTH that gains the most (e.g. more gains that are tax free). It really seems that putting low yielding bonds in a ROTH is a missed opportunity. Thanks...
by Da5id
Tue Feb 28, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Credit card: Cash versus Flight Miles
Replies: 62
Views: 4442

Re: Credit card: Cash versus Flight Miles

Discover has it too and you actually have to "activate" it each quarter. Annoying. Discover did offer to double my cash back though at the end of the year (for the entire year). Interesting offer since that can mean 5% x 2. There is a limit to my spending. Two quarterly category cards exc...
by Da5id
Tue Feb 28, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Credit card: Cash versus Flight Miles
Replies: 62
Views: 4442

Re: Credit card: Cash versus Flight Miles

Though I am cheap and open cards for points/miles, I just don't have the patience to do all that shifting. Keeping track of what card is for department stores, warehouse clubs, gas, groceries, travel, etc. each month (or quarter) is too much. I also don't like to carry every credit card I have with...
by Da5id
Tue Feb 28, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Credit card: Cash versus Flight Miles
Replies: 62
Views: 4442

Re: Credit card: Cash versus Flight Miles

Feels to me like you can mix cash and flight miles. I'm not a travel pro/churner by any means. But have in the past year gotten 150K points from CSR/CSP sign up bonuses, and 50K from United. Those have been really useful. I'm ditching CSR when fee is due and the United card as well, but will keep CS...
by Da5id
Mon Feb 27, 2017 8:48 am
Forum: Investing - Help with Personal Investments
Topic: "Borrow" $5500 from Emergency Fund to Qualify for Vanguard Admiral?
Replies: 31
Views: 3586

Re: "Borrow" $5500 from Emergency Fund to Qualify for Vanguard Admiral?

It is no sin to buy an investor share class Vanguard fund. A few people on the forum have reported this boglehead disease of going for the lowest expense ratio while avoiding the easier solution of an investor share class fund. I don't know what exactly has gotten into their brains. I totally agree...
by Da5id
Fri Feb 17, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Tell me about Alaska
Replies: 40
Views: 3071

Re: Tell me about Alaska

As for Katmai, I have never been there because I get the opportunity to see bears on a regular basis. It is an expensive trip. Here is a link to a day tour. http://alaskatours.com/day-tours/katmai-brooks-falls-bear-day-tour/ $852/person for a one day trip. You will have the opportunity to see bears...
by Da5id
Fri Feb 17, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Tell me about Alaska
Replies: 40
Views: 3071

Re: Tell me about Alaska

Katmai National Park is hard to get to. Very hard to reserve cabins to stay as well during the salmon run (too late for this year, and probably too late for next year, they fill up on Jan 1-2 for the year before). I think it is easier to camp there, and you can also do day trips I think. If you go d...
by Da5id
Wed Feb 15, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3337
Views: 840243

Re: U.S. stocks in freefall

Well Doom&Gloom, it appears that you`re attempting to time the market whereas no one has been able to do that regularly and successfully in history. Do you honestly believe that you are the exception ? I somehow don`t think so but good luck anyway. I bought the index today for the long term as ...
by Da5id
Tue Feb 14, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10152

Re: Bogleheads not the norm?

I guess this isnt much of a questions but a statement But I am curious if there are any lower income people on here. Or those that arent or cant maxing out their retirement and are carrying debt and how they are handling their finances? There are plenty, including me. Not sure how much is low incom...
by Da5id
Tue Feb 14, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Insane Bloodwork Cost (Quest Diagnostic)
Replies: 51
Views: 4230

Re: Insane Bloodwork Cost (Quest Diagnostic)

Now I will chime in on the part that the OP will not be happy about. There is some personal responsibility here. You CHOSE a high deductible plan with very low premiums. That means the risk is being shifted on YOU. If you want better insurance that covers more (yours must be be pretty bad if they d...
by Da5id
Mon Feb 13, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1215
Views: 150775

Re: What's Your Credit Card Rewards Strategy?

IMO CSR > CSP as a product (disregarding the bonus). Assuming you value $300 credit at $300, your annual fee with CSR is $150 over $95 for CSP. For extra $55/yr you get Priority Pass, Global Entry fee reimbursement every 4-5 yrs, 3x on travel and restaurants and some other benefits. Well worth it. ...
by Da5id
Mon Feb 13, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1215
Views: 150775

Re: What's Your Credit Card Rewards Strategy?

If I feel that I really want that CSR card I can always see if Chase would be willing to convert one of my other UR cards into one. I did not think about this option. Thank you for bringing it up! Victoria If you convert, you don't get the sign up bonus, seems like a big loss? Until recently, the l...
by Da5id
Mon Feb 13, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1215
Views: 150775

Re: What's Your Credit Card Rewards Strategy?

VictoriaF wrote:
DiMAn0684 wrote:If I feel that I really want that CSR card I can always see if Chase would be willing to convert one of my other UR cards into one.


I did not think about this option. Thank you for bringing it up!

Victoria


If you convert, you don't get the sign up bonus, seems like a big loss?
by Da5id
Mon Feb 13, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1215
Views: 150775

Re: What's Your Credit Card Rewards Strategy?

Just received the 50,000 bonus miles from spending $4k in the first three months on Chase Sapphire Preferred. For someone who is relatively young and does not travel that often, I am having a difficult time deciding what to do with the bonus. Do I take the bank account credit or save the bonus (whi...
by Da5id
Tue Feb 07, 2017 8:49 am
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4046

Re: Disney Cruise instead of Disney World?

We've been talking about a trip to Disney World for this summer. Our only child is 7. (he's also small for his age if that's a factor, 46 pounds and 48 3/4 inches tall) We haven't planned much yet, there's a ton of decisions to make, etc. The local paper ran a story about Disney cruises a few weeks...
by Da5id
Fri Feb 03, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: Index Investors getting a free ride
Replies: 53
Views: 5367

Re: Index Investors getting a free ride

misterno wrote:1) Market will be more and more expensive because of the money flow from Active to Index funds. Because index funds invest in whatever in their category regardless of PE ratios. Hence XOM's PE is 39 and CVX is 81. Crazy? Yes. Even Bill Ackermann acknowledges this in an interview


Proof?
by Da5id
Fri Feb 03, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Index Investors getting a free ride
Replies: 53
Views: 5367

Re: Index Investors getting a free ride

I can't picture how indexing will ever damage the market. The problem, if one exists, is inherently self correcting. If indexing becomes so dominant that it is resulting in "incorrect" valuation of a companies shares and that can actually be profitably exploited by an active investor, go t...
by Da5id
Fri Feb 03, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Schwab lowers expense ratios. Time to transfer?
Replies: 6
Views: 923

Re: Schwab lowers expense ratios. Time to transfer?

Have you actually calculated the "cost savings"? Once you get into that low range, it hardly matters what the cost is. You'll save $5 for every $10k you have invested. Hardly worth the effort to switch in my book. maybe true, but in the HSA threads, many switch to save less than $50 We ab...
by Da5id
Fri Feb 03, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Spring break trip ideas, mid-March, family of 5 (3 teen/tweens)
Replies: 23
Views: 1930

Re: Spring break trip ideas, mid-March, family of 5 (3 teen/tweens)

Maybe not what you are looking for, but lots to do in Washington DC area. Museums (2x Air and Space, other Smithsonians), government buildings (we've been on supreme court and Capitol tours, never made it to White House), monuments, Mt. Vernon, etc. Educational yet interesting trip...
by Da5id
Fri Feb 03, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: Schwab lowers expense ratios. Time to transfer?
Replies: 6
Views: 923

Re: Schwab lowers expense ratios. Time to transfer?

I use Vanguard's TIPS fund (VAIPX) for half of my bond portfolio. I have admiral shares which cost 0.10% in expense ratio. Schwab just announced their cuts. SCHP (Schwab TIPS ETF) is moving to an expense ratio of 0.05%. Half the cost of Vanguard. However, I have heard that an "actively managed...
by Da5id
Wed Feb 01, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 3369

Re: Spendthrift Daughter

Thank you for all the information but I need to add an additional item. I have three daughters, two are good with money. My plan is to leave the spendthrift portion to her children (my grandchildren) and the ex-husband. You are basically disinheriting your daughter. That is of course your prerogati...
by Da5id
Wed Feb 01, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1519

Re: If the stepped up basis at death is eliminated....

As a practical matter, even if the stepped up basis is eliminated, I can't see how it could go into effect until sometime far in the future. Since custodians have not been responsible for keeping up with purchase dates/prices for more than a few years, there are probably millions and millions of sh...
by Da5id
Wed Feb 01, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1519

Re: If the stepped up basis at death is eliminated....

Thank you for the information, DaSid. This is not a political question on my part. I'm not arguing the merits of it (the stepped up basis) being passed into law or not. I just want to know what others would do if it did become part of the tax code. Seeking the collective guidance of the BH's. It is...
by Da5id
Wed Feb 01, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: If the stepped up basis at death is eliminated....
Replies: 22
Views: 1519

Re: If the stepped up basis at death is eliminated....

Why should there be a lock? I think if you read here: https://www.bogleheads.org/forum/rules#section-4, particularly points 3 and 4 you'd have the answer, at least in theory. Whether that applies here is up to the mods of course. Assuming this is not off-topic, unclear if it is a good idea to pay t...
by Da5id
Tue Jan 31, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Donating an old car
Replies: 26
Views: 1593

Re: Donating an old car

If you are up for the hassle, also consider selling it by some means (personal sale, CarMax, dealer, whatever). You can then donate the cash to the charity of your choice...
by Da5id
Mon Jan 30, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4125

Re: seeking advice - need to advise newly widowed mother in deep debt

It's going to take some digging to get to the bottom of it, but it doesn't appear to be medical debt. I think it was years and years of living beyond their means. The biggest bill aside from the mortgage is the $500/mo. car payment and the insurance/taxes associated with the vehicle. Those will be ...
by Da5id
Mon Jan 30, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4125

Re: seeking advice - need to advise newly widowed mother in deep debt

OP, I'm sorry for your and your mothers loss. Although this will be a big hit to her net worth I think that she should just pay off her debt and move on. You are not going to be able to hide life insurance proceeds from the courts. Cut up the credit cards and take a good look at how the $50K was wr...
by Da5id
Mon Jan 30, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5202

Re: Please tell me if I can afford this Porsche

My understanding is that everyone in California who wants and can afford a Porsche gets one, so I would definitely go for it if I was you. Here in our small New England town my wife will not let me be seen driving a Porsche, so I am not allowed to get one. I love this. My new town requires a purcha...
by Da5id
Mon Jan 30, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5202

Re: Please tell me if I can afford this Porsche

Part of what I was wondering here is what fraction of one's income (or one's savings) do folks like to spend on a car? Back when I bought my first BMW, I was 23 and made $75K. The car was $49K. It felt like an extravagance that was ever so slightly financially unwise. I think many bogleheads would ...
by Da5id
Wed Jan 18, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23334

Re: Annual Vacation Budget

Well, you know how it goes: Anyone who spends more than I do is a crazy spendthrift with a poor grasp of priorities. Anyone who spends less than I do is an uptight miser who needs therapy to learn to enjoy life. :) That does seem to capture much of the discussion here :) I think most if not all bog...
by Da5id
Tue Jan 17, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16846

Re: "Millennials may need to double how much they save for retirement"

I think the retirement incentives structure is just needlessly complicated. Most people do not enjoy or make the effort to study these things on their own even if those on the Bogleheads forum do. I know many people who just put retirement savings on a backburner because they don't understand and a...
by Da5id
Tue Jan 17, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24115

Re: Chase Sapphire Reserve

Da5id, this is what I was told by the Chase rep. As long as it is coded as a normal retail purchase (and not a "cash equivalent"), it counts. Again, I was forthright with the rep, gave my name and account number and did not hide my identity. Wasn't questioning that. Was wondering for thos...
by Da5id
Tue Jan 17, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24115

Re: Chase Sapphire Reserve

I actually called Chase customer service to confirm it was acceptable and they did so confirm. Similarly, for Chase Freedom current quarter (gas stations) as far as I can see in all their literature all they care about is that the merchant code is correct. So if you buy gift cards at your gas stati...
by Da5id
Fri Jan 13, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16846

Re: "Millennials may need to double how much they save for retirement"

Ask anyone if they would prefer prefer private sector employment to that of a public sector job that offers lower pay but better benefits. Let me know what the consensus is, I think you'll be surprised. I personally am happy to take deferred compensation/more in 401k match/etc. But I assume compani...
by Da5id
Fri Jan 13, 2017 10:50 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16846

Re: "Millennials may need to double how much they save for retirement"

This is my favorite part: "Among plan changes BlackRock suggests: higher default rates for employee contributions, requiring employees to contribute more to get the full match, auto enrolling older workers in “catch-up” programs that allow them to save more tax deferred, and making loans and e...
by Da5id
Fri Jan 13, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16846

Re: "Millennials may need to double how much they save for retirement"

I think that comparing the percentages that one saves for retirement is not reflective of how much one is actually saving. My husband and I are both millennials. We both max our 401k and Roth. For me, the $23,500 that I save during the year between the two is equal to about 38% of my income. Husban...
by Da5id
Fri Jan 13, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 16846

Re: "Millennials may need to double how much they save for retirement"

I guess I'm not paranoid after all, since the market is out to get me. Is 25-30% the new 10-15%? Did I read the same WaPo article as you did? The one I read said that the old rate necessary was 6.4% and the new rate necessary is 14.4%, so I don't see much of a problem here. I'm with livesoft. WaPo ...
by Da5id
Fri Jan 13, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6486

Re: Where do you keep your emergency fund?

CapitalOne 360 Money Market - 1%. I do this too. But note that I got there by chasing a bonus ($500 for $50000 deposit). If you want to get more yield safely out of your emergency fund and are up for the hassle of switching accounts around, you can use it to grab new account bonuses periodically...
by Da5id
Thu Jan 12, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23334

Re: Annual Vacation Budget

I don't have Asperger's, but I went to Disney once (with first child and near family in Orlando) and never again. I hate the place and what it stands for. I don't feel that it has deprived my kids of anything meaningful. One trip to the Galapagos > 20 trips to Disney. Some love Disney, some hate it...
by Da5id
Thu Jan 12, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: How to politely fire my financial advisor
Replies: 66
Views: 6761

Re: How to politely fire my financial advisor

You Just slip out the back, Jack Make a new plan, Stan You don't need to be coy, Roy Just get yourself free Hop on the bus, Gus You don't need to discuss much Just drop off the key, Lee And get yourself free Agree with the posts above. Initiate the transfer, then say what you feel like you need to ...
by Da5id
Wed Jan 11, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23334

Re: Annual Vacation Budget

Plus, never said the 2 examples were exactly the same - which is by definition impossible. So there was no way to set up an equivalency - false or otherwise. IMHO not merely are they not the same, they are unrelated. You seemed to suggest they were somehow comparable, I don't believe so. Which bogl...
by Da5id
Wed Jan 11, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases
Replies: 72
Views: 6954

Re: Amazon Prime Rewards Visa Signature Card

I often get the 5% by using my Chase Freedom to buy Amazon gift cards. e.g. currently can buy Amazon Gift Cards at gas stations this quarter and get 5% that way. I value ultimate rewards points more highly than the 5% cash myself. I spend a reasonable amount at Amazon, so I don't mind buying ahead a...
by Da5id
Wed Jan 11, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 23334

Re: Annual Vacation Budget

I am going to switch my portfolio over to some 5% front loaded active mutual funds with 3% expense ratios. after all my money and there's no objective underpinning to these financial trade offs, right? If that were true, might the "r" word approach your lips (or keyboard)? I'll go ahead a...
by Da5id
Wed Jan 11, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24115

Re: Chase Sapphire Reserve

What if a book for a hotel in June for 400 dollars. I get the 300 dollars credit on my card and then if I cancel my hotel reservations, does the credit goes away or it works? Thanks, If you are looking to game them, why? Do you think you won't otherwise get the credit? I'd suggest not gaming them m...
by Da5id
Tue Jan 10, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 199
Views: 24115

Re: Chase Sapphire Reserve

notoriusjt2 wrote:For those of you who already have this card...

Does the annual fee get billed on the first statement?


Yes.

The $300 credit shows up immediately too, as soon as something that qualifies posts. I paid for a hotel earlier this week, credit is already there...
by Da5id
Tue Jan 10, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12875

Re: How Bad was 2008, really?

I think it depends on where you were in life and what happened to you in particular. Barely a blip in the radar to me. I didn't lose my job and it didn't seem in jeopardy. I was maybe 70-80% stocks, but wasn't all that traumatized at the paper losses as I wasn't retiring any time soon. Our house was...
by Da5id
Mon Jan 09, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Selling Car - Private Sale vs CarMax vs Dealer
Replies: 42
Views: 3863

Re: Selling Car - Private Sale vs CarMax vs Dealer

I've sold to CarMax twice two pretty old cars. Price seemed reasonable (a bit below what KBB said), and no dealing with buyers, no exposure to lemon law issues, etc. CarMax wasn't high pressure and at least when I sold it you had 7 days to shop it elsewhere. But obviously you can get more if you sel...
by Da5id
Sat Jan 07, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3825

Re: Is a prenup always necessary when remarrying?

If each chose a degree with similar earning potential, sure. However, if an accountant marries an elementary teacher, why wouldn't the accountant insist on a prenup? If you want to entitled to earn as much as an accountant . . . well, then you should become an accountant. I guess we all have differ...
by Da5id
Sat Jan 07, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup always necessary when remarrying?
Replies: 49
Views: 3825

Re: Is a prenup always necessary when remarrying?

Why only necessary when remarrying? Why not just plain old necessary. I don't understand why people get married without them . . . other than the basic fact that most people don't plan ahead for anything other than goldilocks. If you get married with fairly equal resources and no children from prev...

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