Search found 2307 matches

by DaftInvestor
Thu Jun 22, 2017 3:09 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 79
Views: 4646

Re: Your Favorite Portfolio Tilts

Stock Index Fund tilts: - Small-Cap-Value (10%) - REITs (10%) (And I suppose I have a "US Tilt" as well since I only hold 25% of my equity in International). For Bonds I have some TIPS and iBonds for a small amount of inflation protected stability - not sure if you would consider this a ti...
by DaftInvestor
Thu Jun 22, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: How do you approach your ESPPs
Replies: 13
Views: 439

Re: How do you approach your ESPPs

OP: Provided there is no holding period after the purchase is made I would sell 100% immediately (of course this assume you get a discount on the purchase price making it worthwhile). From this perspective - I disagree with a prior response that said because this is a stock you should consider it lo...
by DaftInvestor
Thu Jun 22, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 55
Views: 3305

Re: What do you say when you cancel an account that you only opened for bonus?

Just say, basically, "I'm closing this account because I've decided to close it. My decision is firm." If they pester you for a reason, just keep giving variations on "I have made my decision." "But didn't you like the free crockpot we gave you?" "Yes, thank you f...
by DaftInvestor
Thu Jun 22, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 55
Views: 3305

Re: What do you say when you cancel an account that you only opened for bonus?

Just say "no comment - I'd rather not say" if you feel awkward. There's nothing that says you need to give a reason.
by DaftInvestor
Wed Jun 21, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 90
Views: 5067

Re: is luxury car a smarter purchase?

Do you have a link to the article you read? Here is the e-book which gave me this idea: http://resources.palmbeachgroup.com/special-reports/Living-Rich.pdf Please see pages 3-4, 8 ("cost of use"), and 43. The author thinks a BMW 760Li will "run like a top for 20 years" ;) I want...
by DaftInvestor
Wed Jun 21, 2017 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 61
Views: 6072

Re: Which High-Yield Online Savings Account Should I Open?

Gsbank doesn't have checking - title of your post and your initial question was about a high yield online savings account - you would link this account to a standard checking and use their 1day transfers to move money back and forth. Here's one recent review: https://www.nerdwallet.com/blog/banking/...
by DaftInvestor
Tue Jun 20, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 61
Views: 6072

Re: Which High-Yield Online Savings Account Should I Open?

Why are the reviews for online bank accounts so negative? I believe because the only people who take the time to write the reviews are the ones with the bad experiences. I have accounts at Gsbank (online savings at 1.2%) and sychrony bank (1.15%) and haven't had problems with either. I guess I shou...
by DaftInvestor
Tue Jun 20, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Which High-Yield Online Savings Account Should I Open?
Replies: 61
Views: 6072

Re: Which High-Yield Online Savings Account Should I Open?

Why are the reviews for online bank accounts so negative? I believe because the only people who take the time to write the reviews are the ones with the bad experiences. I have accounts at Gsbank (online savings at 1.2%) and sychrony bank (1.15%) and haven't had problems with either. I guess I shou...
by DaftInvestor
Tue Jun 20, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Commissioned Salesperson Opportunity
Replies: 8
Views: 867

Re: Commissioned Salesperson Opportunity

Make sure you understand what the terms of the commission are and what they include. For instance, some companies might pay you on the full price the customer paid including product, support, services - while others will discount how much you get paid on support and services. Find out what the terms...
by DaftInvestor
Tue Jun 20, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: front loading 529
Replies: 10
Views: 1055

Re: front loading 529

I'm not sure why you are focused only on the state tax deduction and want to give up the free tax-free growth of a larger sum. If you are talking about MA you are saving a minuscule grand total of $100 in tax per year ($2000 X 5%). The savings in tax-free growth on both federal and state taxes are ...
by DaftInvestor
Tue Jun 20, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Liability with dogs, hypothetical
Replies: 65
Views: 2490

Re: Liability with dogs, hypothetical

I would consider myself liable, and warn the woman to stay off the property. People can sue for anything and we are deep in an age where personal responsibility is considered very flexible. Additionally you have a pit bull of "questionable breading". In the court of public opinion, it may...
by DaftInvestor
Tue Jun 20, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 90
Views: 5067

Re: is luxury car a smarter purchase?

Do you have a link to the article you read? Funny - a friend of mine tried to make this argument to me with his used-BMW purchase - now he complains that every time he gets service there is something he needs to pay for which costs him at least $1000. I can't imagine how much money you would have to...
by DaftInvestor
Tue Jun 20, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: front loading 529
Replies: 10
Views: 1055

Re: front loading 529

I'm not sure why you are focused only on the state tax deduction and want to give up the free tax-free growth of a larger sum. If you are talking about MA you are saving a minuscule grand total of $100 in tax per year ($2000 X 5%). The savings in tax-free growth on both federal and state taxes are m...
by DaftInvestor
Tue Jun 20, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Stamp Value
Replies: 6
Views: 633

Re: Stamp Value

When someone asked this question last year (search "Stamp collection" or similar here - this has come up before) they were referred to this site/forum: https://www.stampcommunity.org/ Looks like if you want to put time into posting pictures/etc. - folks on the forum can tell you more. I'm ...
by DaftInvestor
Mon Jun 19, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: A bit more on Tontines
Replies: 8
Views: 1243

Re: A bit more on Tontines

I can't read the article as I don't subscribe to Economist and am getting blocked by its pay-wall (and didn't feel like taking the time for finding ways around it) Not sure why -- I got to the article on two computers where I wasn't subscribed. I think you get three views a week without subscribing...
by DaftInvestor
Mon Jun 19, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse life insurance question
Replies: 6
Views: 529

Re: Spouse life insurance question

I can't avoid not overlooking the obvious. Since you used the "D-oh" emoticon you seem to realize Whole Life insurance may not be the best option. Before you even figure this out did you consider dropping the policy and switching to a term policy? (In which case the question would be moot).
by DaftInvestor
Mon Jun 19, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2704

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Using here-say through a mutual friend and then drawing conclusions on what the seller wants (to sell directly to you) isn't doing you any good. Of course any seller would rather sell direct once an agent find him a buyer - but so what? That's usually illegal and certainly always immoral. The agent ...
by DaftInvestor
Mon Jun 19, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Change Auto & Umbrella Insurance after 52 years?
Replies: 21
Views: 1745

Re: Change Auto & Umbrella Insurance after 52 years?

You could ask them to meet the new policy price quote before dumping them (but Amica likely wouldn't - they are one of the most expensive insurance carriers out there from the quotes/comparison I did last year - they will likely try to sell you on how much better their claim process is - but if you ...
by DaftInvestor
Mon Jun 19, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Garage Parking Aid
Replies: 22
Views: 1470

Re: Garage Parking Aid

A second idea (the one my father used) is to build a small frame out of 2x4's (framing wood) laid out along the ground to the back wall such that your tires will hit the resistance of a piece of wood to tell you when to stop. Looks like this: BACK WALL | <space> | | <space> | -------------
by DaftInvestor
Mon Jun 19, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Garage Parking Aid
Replies: 22
Views: 1470

Re: Garage Parking Aid

An set of old tires lined up against the back wall work well and are free (if you don't have some - go to a nearby tire place and they will gladly allow you to take a few off their hands). You can bolt them to the wall or use rope bolted to the wall to hold them in place.
by DaftInvestor
Mon Jun 19, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4695

Re: Best Financial Advice from Dad (in honor of father's day)

Actions rather than words provided the best advice for me. In my case it was watching my Father work two jobs 7-days a week with little time off. He stressed the importance of a great education and one that would provide a career with good income so that I wouldn't be in his shoes. Although I work m...
by DaftInvestor
Mon Jun 19, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: A bit more on Tontines
Replies: 8
Views: 1243

Re: A bit more on Tontines

I can't read the article as I don't subscribe to Economist and am getting blocked by its pay-wall (and didn't feel like taking the time for finding ways around it) - for those that want a bit more info on Tontines that don't subscribe to Economist I found this article informative: https://www.kitces...
by DaftInvestor
Mon Jun 19, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3960

Re: Why do we need an emergency fund?

Not sure if it counts as an emergency fund, but we keep about 3 months of expenses as cash in a checking account. We also use it to cover infrequent or one-time expenses. Like insurance, it provides some peace of mind if for some reason income is low or expenses are high. It also lets us fund IRAs ...
by DaftInvestor
Sat Jun 17, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 21
Views: 2600

Re: Contractor took deposit but never did any work. What next?

It depends upon what you mean by sizeable. If under the small claims court limit for your state write your own demand letter and then file with small claims court if he is unresponsive. If over the limit work with a lawyer. I got money back with a demand letter and threat of court - it will tell him...
by DaftInvestor
Fri Jun 16, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 1759

Re: contribution of more than $18,000 to 401k - no refund?

Every company I have ever worked for has simply stopped collecting when I hit the maximum as others have stated. The trick at my current company is they have a small amount of matching but the matching maxes out QUARTERLY so I need to slow down my contributions at times to make sure I am still contr...
by DaftInvestor
Fri Jun 16, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 93
Views: 8831

Re: Amazon Buys Whole Foods

There are rumors that my big local strip mall is expanding and that one of the anchor stores in the new area will be either a Trader Joes or a Whole Foods. I hear Clark Howard joke about Whole Foods should change their name to Whole Paycheck due to the prices they charge. I have also heard that due...
by DaftInvestor
Fri Jun 16, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7062

Re: Anyone else gotten totally bored with investing?

I'm with the OP on this but I've simply moved on to other hobbies. One of the reasons I got out of individual stock trading many years ago is it became an obsession - a second job. I'm happy to be bored with investing. I still read some financial news - but when I read about Amazon buying Whole Food...
by DaftInvestor
Fri Jun 16, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4719

Re: Do You Take Your Credit Card Receipts?

Receipts no longer print your credit-card numbers on them so I don't think it matters one way or the other. Don't they still print the last 4 or 5 digits of your credit card number on your receipt? Yes they do, the last four digits are always printed. Else how would one know which credit account it...
by DaftInvestor
Fri Jun 16, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2236

Re: Watch Batteries

Luke Duke wrote:Get a kit like this and change the battery yourself. You can spend more on a kit and get a case and more tools.

http://www.amazon.com/Stalwart-16-Piece ... B006VWVX1Q


Does this kit (and other ones like it) come with instructions and/or examples of uses?
by DaftInvestor
Fri Jun 16, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4719

Re: Do You Take Your Credit Card Receipts?

... provide a quick record of where you were on a specific day&time, ... No receipt needed. Just ask Google. :shock: :?: It's a joke. Google tracks everything and everybody, everywhere. Perhaps they don't have a hook into you but they know more about most people than those people are aware of. ...
by DaftInvestor
Thu Jun 15, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4719

Re: Do You Take Your Credit Card Receipts?

Does taking the receipt make it easier or less easy for someone trying to steal your credit card info at the place of transaction or later if receipt is discarded? Receipts no longer print your credit-card numbers on them so I don't think it matters one way or the other. Don't they still print the ...
by DaftInvestor
Thu Jun 15, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4719

Re: Do You Take Your Credit Card Receipts?

Munir wrote:Does taking the receipt make it easier or less easy for someone trying to steal your credit card info at the place of transaction or later if receipt is discarded?


Receipts no longer print your credit-card numbers on them so I don't think it matters one way or the other.
by DaftInvestor
Thu Jun 15, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation help. Balanced fund and replicating total stock market
Replies: 5
Views: 210

Re: Allocation help. Balanced fund and replicating total stock market

This wiki page talks about how to approximate the total stock market with the funds you have available:
https://www.bogleheads.org/wiki/Approxi ... ock_market
(81/4/15)
by DaftInvestor
Thu Jun 15, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Buying cost vs renting (specifically for me)... can anyone fact check this?
Replies: 36
Views: 1982

Re: Buying cost vs renting (specifically for me)... can anyone fact check this?

Landlords aren't renting to lose money - you can either increase your own net worth or help your landlord increase theirs - plain and simple. And farmers aren't selling crops to lose money you can either increase your own net worth by growing everything yourself or increase theirs. See, it really i...
by DaftInvestor
Thu Jun 15, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying cost vs renting (specifically for me)... can anyone fact check this?
Replies: 36
Views: 1982

Re: Buying cost vs renting (specifically for me)... can anyone fact check this?

I appreciate all of your posts, but is it that difficult to just run some hypothetical numbers? I'm reading a lot of posts that aren't saying much. Assuming my scenario described in the first post Assuming average interest rate for average term Assuming $800k house, marriage soon after and adding t...
by DaftInvestor
Thu Jun 15, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Do you like receiving email confirmations of online transactions?
Replies: 21
Views: 1028

Re: Do you like receiving email confirmations of online transactions?

Interestingly even though I have signed up for electronic annual reports and prospectuses (prospecti?) I was still getting them in the mail. When I called Vanguard, they said whenever there is a change in the fund's holdings the automatically send out paper . I haven't gotten anything paper from Va...
by DaftInvestor
Thu Jun 15, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Buying cost vs renting (specifically for me)... can anyone fact check this?
Replies: 36
Views: 1982

Re: Buying cost vs renting (specifically for me)... can anyone fact check this?

MoonOrb wrote:What happens to net worth when you transfer a portion of it to a rent payment?


Your helping your landlord build his net worth :)
by DaftInvestor
Thu Jun 15, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying cost vs renting (specifically for me)... can anyone fact check this?
Replies: 36
Views: 1982

Re: Buying cost vs renting (specifically for me)... can anyone fact check this?

Paying down the principle each month does not increase your net worth at all - it is an equal reduction in assets (the cash you use to make the payment) and liabilities (the reduced debt) for a net $0 impact on net worth. That they would present it otherwise should be a red flag - and that is befor...
by DaftInvestor
Thu Jun 15, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: scary phone calls [phone scams]
Replies: 35
Views: 3193

Re: scary phone calls

Ignore and block. I'm also a nomorobo user - they block many of these.

What's I find scary are the new kidnapping scams that are starting to pop up here and there (one example: http://boston.cbslocal.com/2017/04/03/k ... -vacation/ )
by DaftInvestor
Thu Jun 15, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Do you like receiving email confirmations of online transactions?
Replies: 21
Views: 1028

Re: Do you like receiving email confirmations of online transactions?

OP: Sounds like you are old-school in my opinion since you are resistant to going paperless. I get emails but don't really care one way or another as I know I can log in and download the PDF of the transaction confirmation (which I'm going to do regardless of whether or not I get an email). I've bee...
by DaftInvestor
Thu Jun 15, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5605

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

OP: To answer your questions: I'd say it was unprofessional of the HR Manager to ask you this at the time he did BUT I wouldn't call it a deal-breaker. I wouldn't allow one unprofessional HR manager to be the deciding factor in whether or not to take a job. Also note that the peer may now know your ...
by DaftInvestor
Thu Jun 15, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1141

Re: Just married - start a joint taxable account?

When I got married I didn't make my existing taxable investing account joint nor did I make a newly opened vanguard taxable investing account joint either. She has zero interest in it. A spouse with "zero interest" in investing can be more of a reason to set up joint accounts than to not ...
by DaftInvestor
Thu Jun 15, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4719

Re: Do You Take Your Credit Card Receipts?

In two cases: 1) For large items - staple to the front of the manual. 2) For items that increase my home-value - in case laws change about home-cost-basis or my home does increase substantially in value My spouse: - Almost always. But mainly because she is somewhat of a returnaholic. Will buy someth...
by DaftInvestor
Wed Jun 14, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Those pesky account closing fees
Replies: 14
Views: 1326

Re: Those pesky account closing fees

Does Scotttrade charge any type of "Low balance" fee? I have an account with another brokerage with a $00.02 balance. After several years of no activity the account is still open.
by DaftInvestor
Wed Jun 14, 2017 3:05 pm
Forum: Personal Consumer Issues
Topic: Best Cheap Champagne
Replies: 60
Views: 3667

Re: Best Cheap Champagne

The local stores near you may not have the brand(s) recommended here. I suggest going to your local liquor or wine-specialty store and asking their expert for recommendations within your price-range. My local stores always give me great recommendations.
by DaftInvestor
Wed Jun 14, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Watch Batteries
Replies: 53
Views: 2236

Re: Watch Batteries

Changing watch batteries is not that complicated. Most either have a pop-off or a twist-off back. For twist-off backs you can buy a special tool but in my case I use a long pair of needle nose pliers (only did it once so far - I don't understand why your batteries only last a year). For one of my mo...
by DaftInvestor
Wed Jun 14, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Bought $31K Stocks Today: Am I Mad?
Replies: 32
Views: 3542

Re: Bought $31K Stocks Today: Am I Mad?

Keep in mind - the "top of the market" is where the market spends a lot of its time - there will be many new "top of the market" 's in the future - as long as you are investing for long term you certainly aren't mad for putting money into stock index funds at any time. If what av...
by DaftInvestor
Wed Jun 14, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Expenses out of line?
Replies: 16
Views: 541

Re: 401k Expenses out of line?

The fees seem excessive to me and I would think your company could do better. I've worked for small companies in the past without having to pay such high fees so I believe the capability exists. One such plan was a company with less than 30 people and the plan was administered by Fidelity. This was...
by DaftInvestor
Wed Jun 14, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Expenses out of line?
Replies: 16
Views: 541

Re: 401k Expenses out of line?

The fees seem excessive to me and I would think your company could do better. I've worked for small companies in the past without having to pay such high fees so I believe the capability exists. One such plan was a company with less than 30 people and the plan was administered by Fidelity. This was ...
by DaftInvestor
Wed Jun 14, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Options: One Spouse with Employer 401K
Replies: 11
Views: 540

Re: Investment Options: One Spouse with Employer 401K

David Jay wrote:If the expense ratios are reasonable, go ahead and put the full $18,000/yr into spouse's 401K.


or $24,000/yr if you are 50 or over.

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