Search found 52 matches

by Faisal
Mon May 21, 2018 4:46 am
Forum: Personal Finance (Not Investing)
Topic: Emirates Airlines Skyward Miles - transfer?
Replies: 1
Views: 216

Emirates Airlines Skyward Miles - transfer?

Anybody found any way to transfer Emirate's Skywards Miles to another partner? I have found plenty of ways to transfer to Skywards. But not from Skywards to another partner.

Any help in this matter would be greatly appreciated.
by Faisal
Mon May 21, 2018 4:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 4866

Re: Mortgage question: 20% down or larger down payment?

Sorry for the delayed reply every one but I have been travelling for work. Thank you everyone for your advice and your response. To address some of the questions in chronological order: I am not sure if we put down a larger down payment will we get a lower interest rate. But that is something I shou...
by Faisal
Thu May 10, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 4866

Re: Mortgage question: 20% down or larger down payment?

Thanks for all the responses guys. Preapproval is at 4.5% with 30 year mortgage and 20% down. But then again the preapproval is for an amount much larger than we need. Don't aim to be house poor. We are aiming for a home around the 500k mark. Our max loan amount is 400k with a 20% down payment but i...
by Faisal
Thu May 10, 2018 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 4866

Mortgage question: 20% down or larger down payment?

I have asked a few questions earlier about mortgages in the US and everyone has been very helpful. Now that we are deciding to get a place I wanted to know if there was any advantage to a larger down payment vs 20%? Also I was wondering if there was any benefit to putting down 20% and then over time...
by Faisal
Wed Apr 25, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Thank you all for your comments. They have been helpful.
by Faisal
Tue Apr 24, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Been busy with real life for the past month so really haven't visited or paid attention to the market. Seems that even after the "correction" the market has been bouncing around the 23k-24k mark. Is this because of global geo-politicla turmoil or is it because of market fundamentals? Any opinion is ...
by Faisal
Thu Mar 22, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Tax Loss Harvesting
by Faisal
Mon Feb 12, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in 2018
Replies: 5
Views: 1227

Re: Buying a home in 2018

Thanks RRAAYY3, Been through that a few times. For us its better to buy then to rent financially.
by Faisal
Mon Feb 12, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in 2018
Replies: 5
Views: 1227

Buying a home in 2018

It honestly looks like a fools errand with the uncertainity around real estate right now and for the short term (2 to 3 months), limited homes in the VHCOL area we are in. Added to that interest rates are increasing, driving up borrowing costs and most likely limiting the supply of homes. The demand...
by Faisal
Thu Feb 08, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Does anybody think the spending bill being approved today/tomorrow will aid in a further fall?

Government stability with a growing economy and tightening money supply and higher wages = increase in inflation?

Edit: Personally think we will fall further on Friday.
by Faisal
Thu Feb 08, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

And market is down again by roughly 2%. Expected more volatility till the Fed makes a decision on interest rates?
by Faisal
Tue Feb 06, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Well it seems to be bouncing up and down today and going downwards again as of now. 21300 will be a 20% decline from a high of roughly 26,600. Would that still be considered a correction or would that be more of a crash? Just trying to understand the terminology. 20% is a bear market. I haven’t che...
by Faisal
Tue Feb 06, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Well it seems to be bouncing up and down today and going downwards again as of now.

21300 will be a 20% decline from a high of roughly 26,600. Would that still be considered a correction or would that be more of a crash? Just trying to understand the terminology.
by Faisal
Fri Feb 02, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435606

Re: U.S. stocks in freefall

Anybody know the reason for the fall? I am confused as the US economy is growing, the job market is tight, earnings are decent and the world economy seems to be picking up. Internationally Oil prices are increasing as is demand, there is no real war that can or may break out. Syria, Iraq, Afghanista...
by Faisal
Thu Dec 21, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out property tax
Replies: 15
Views: 1290

Re: Trying to figure out property tax

Oh that makes sense. So the formula to calculate the property tax on a 500,000 home in say Eastchester would be: (500,000/1000)*35.099500 - the rate per $1000 correct? So that would be mean an annual 17549.75 in property taxes? Don't think thats correct; using that formula same property in Mt Verno...
by Faisal
Thu Dec 21, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out property tax
Replies: 15
Views: 1290

Re: Trying to figure out property tax

Basically it seems I will need to find a real estate agent who also has a solid grasp of the taxes, property, school and all the rest. Now to figure out where to find one.

Thank you all for your advice and information. It is very helpful.
by Faisal
Wed Dec 20, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out property tax
Replies: 15
Views: 1290

Re: Trying to figure out property tax

Dm200 oh wow. Thank you for mentioning that. I did not know that. That changes the whole dynamic abput buying in westchester county.

Nyc10036 i am aware of that and sometimes homes are not assessed for years. I was just looking at how to calculate the taxes on an assessed home of certain value.
by Faisal
Wed Dec 20, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out property tax
Replies: 15
Views: 1290

Re: Trying to figure out property tax

Oh that makes sense. So the formula to calculate the property tax on a 500,000 home in say Eastchester would be:

(500,000/1000)*35.099500 - the rate per $1000 correct?

So that would be mean an annual 17549.75 in property taxes?
by Faisal
Wed Dec 20, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out property tax
Replies: 15
Views: 1290

Trying to figure out property tax

So I am looking to buy a home in Westchester Count, NY for the family. I am trying to figure out the property tax rates of the different school districts in the county. I have tried to google to figure out how to calculate the tax rate based on the below links and my brain has failed me miserably. h...
by Faisal
Tue Dec 12, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Pakistan Real Estate?
Replies: 38
Views: 4022

Re: Pakistan Real Estate?

As a Pakistani whose family has multiple homes and properties in Pakistan, I would say if you are not a national don't bother. Yes the growth in the market is amazing. The population explosion, plus the CPEC puts a lot of pressure on homes and housing but remember that the government is unstable, ru...
by Faisal
Wed Oct 04, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 6470

Re: Do you foresee a drop in housing prices in the next 5 years

Thank you all for your comments and the information/links provided. Its a wealth of information that I will definitely read through. I just started getting interested in the US stock and real estate market after living 6 odd years in war torn countries and have settled down in life. Thus information...
by Faisal
Tue Oct 03, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 6470

Re: Do you foresee a drop in housing prices in the next 5 years

I was expecting as much :p Ask a boglehead to forecast is asking to be ridiculed
by Faisal
Tue Oct 03, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 6470

Do you foresee a drop in housing prices in the next 5 years

As the title says do you foresee a drop in housing prices due to prices being too high for new potential home buyers being priced out of the market? Edit: To clarify I am not asking if there will be another housing market crash, but that a simple supply and demand issue where prices are too high for...
by Faisal
Mon Jul 03, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: Recommendations for a credit card/good hotel brand combo
Replies: 20
Views: 2196

Recommendations for a credit card/good hotel brand combo

I originally used SPG when I was single and worked in the third world. So it afforded good classy hotels at a reasonable rate. Now those same hotels in Europe or the US are dated and the service isn't that great. We have a young kid and haven't been on vacation in 2 years and I believe my wife deser...
by Faisal
Tue Jun 13, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 3084

Re: If i have VTI should I also get VUG?

So basically VTI is good enough. Thanks guys. CantPassAgain, thanks for the chart. I completely understand that ETFs change depending on political and economic realities. The idea of a Growth orientated ETF is to follow the bogleheads philosophy. Invest and leave alone. I am just more inclined to t...
by Faisal
Tue Jun 13, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 3084

Re: If i have VTI should I also get VUG?

So basically VTI is good enough. Thanks guys. CantPassAgain, thanks for the chart. I completely understand that ETFs change depending on political and economic realities. The idea of a Growth orientated ETF is to follow the bogleheads philosophy. Invest and leave alone. I am just more inclined to ta...
by Faisal
Tue Jun 13, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 3084

Re: If i have VTI should I also get VUG?

VUG is the vanguard growth ETF. I have been shopping around to see if I should add any growth oriented ETFs for my portfolio. The neuron firing reasoning being that the market is doing well. I am relatively young I can handle the risk financially as well as mentally. So thus looking for a growth ori...
by Faisal
Tue Jun 13, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: If i have VTI should I also get VUG?
Replies: 19
Views: 3084

If i have VTI should I also get VUG?

Hey guys what the title says. I have invested in VTI as well as VXUS and BND. Not my full portfolio. But what I feel is relevant. Would VUG be a redudant overlapping purchase?
by Faisal
Tue Jun 13, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 2785

Re: Tax question - Non-US citizen parent wants to gift wealth

Thanks for all the detailed responses. It is truly appreciated. The under developed country in question has 0 tax collection or implementation and based on my current job I am exempt from paying income tax in my home nation. Its a legal agreement under international law and its well documented in my...
by Faisal
Sun Jun 11, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 2785

Re: Tax question - Non-US citizen parent wants to gift wealth

Thanks.

And I am assuming if or when i sell any of the property or assets I will have to pay taxes on the profit as it is income I have earned. Correct?
by Faisal
Sun Jun 11, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 2785

Re: Tax question - Non-US citizen parent wants to gift wealth

Thanks guys for all your comnents. My fathrr is not a us citizen. Does not have a green card and isnt interested in getting one. So he is a foriegner but i have a green card thus the tax issue. All phyiscal assets are non us assets. No us bank accounts. All assets handed to me will be abroad. Others...
by Faisal
Sat Jun 10, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 2785

Tax question - Non-US citizen parent wants to gift wealth

I have a green card. My father who is from a third world country wishes to leave me and my family a sizable "inheritance". He is alive and well but wants to transfer it in my name before he passes. He is 80 plus. He will move to be with us when he feels it is necessary. I am worried about two things...
by Faisal
Fri May 19, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Monthly vs Annual Contribution
Replies: 5
Views: 651

Re: Taxable account - Monthly vs Annual Contribution

Thank you guys. That is really helpful and the logical reason helps. Monthly contribution it is.
by Faisal
Fri May 19, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Monthly vs Annual Contribution
Replies: 5
Views: 651

Taxable account - Monthly vs Annual Contribution

Relatively new read of the forum. Asked a few questions earlier. Set up a brokerage account at vanguard using a modified strategy bogleheads recommend. Now I was wondering if I should make monthly contributions to the account or one large lump sum at the end of the year. I am not sure which would be...
by Faisal
Thu May 04, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Any recommendations for books on Financial Planning?
Replies: 13
Views: 1523

Re: Any recommendations for books on Financial Planning?

Thank you for the recommendation. Will look into it now.
by Faisal
Thu May 04, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Any recommendations for books on Financial Planning?
Replies: 13
Views: 1523

Re: Any recommendations for books on Financial Planning?

Okay then. Here is the first issue. Live in NYC and trying to find ways to save money. Our biggest expense is transport. Over 50% of our variable cost. If we buy a car we can bring it down to 20% of our variable cost. But need more information on the car buying process and any tips on how to save mo...
by Faisal
Thu May 04, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Any recommendations for books on Financial Planning?
Replies: 13
Views: 1523

Any recommendations for books on Financial Planning?

Been reading the forums and wiki actively. Have money invested. But I would like more information and knowledge for financial planning for my family's future. Early 30s with a 7 month old. We all have health insurance, life insurance, savings and investments. No debts and are now looking to buy a ho...
by Faisal
Mon Apr 17, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Chase.com - Anybody having issues?
Replies: 14
Views: 2154

Re: Chase.com - Anybody having issues?

Avast Malware and Spybot all came up clean. So i tried IE and it worked fine. Thansk for the tip. Gonna clean cache and all.

Worked perfectly. Cache dumping did the trick.
by Faisal
Mon Apr 17, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Chase.com - Anybody having issues?
Replies: 14
Views: 2154

Re: Chase.com - Anybody having issues?

Thanks time to do a anti-virus sweep.
by Faisal
Mon Apr 17, 2017 8:58 am
Forum: Investing - Theory, News & General
Topic: Chase.com - Anybody having issues?
Replies: 14
Views: 2154

Chase.com - Anybody having issues?

Hey just wanted to check if anybody was having issues logging into chase.com - it has been giving me an error for a few days now saying looks like the site is not working. Please try again later.
by Faisal
Tue Feb 14, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Forbes Article - Best Vanguard funds for retirement
Replies: 12
Views: 2444

Re: Forbes Article - Best Vanguard funds for retirement

Interesting. Could it be that these are more for building up value for future retirement?
by Faisal
Tue Feb 14, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Forbes Article - Best Vanguard funds for retirement
Replies: 12
Views: 2444

Forbes Article - Best Vanguard funds for retirement

http://www.forbes.com/sites/michaelfost ... 76d8034c75

Since I am looking to invest in Vanguard and following the bogleheads philosophy, would you agree with the article linked above?
by Faisal
Mon Feb 13, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

So did some digging at work. I can open up an IRA without any problems. Second they will not share the investment portfolio with me for the pension fund. They said they are not authorized to do so. So I have looked at vanguard and will be using their services with a brockerage account. Would you all...
by Faisal
Sat Feb 11, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

You need to ask the UN or somebody at your work to see if you are eligible to invest in a IRA or Roth IRA because of the pension they offer. Some of the pension plans limit other investment options you can use under US tax laws. So I do not know what you can invest in tax free. Do this ASAP. You an...
by Faisal
Sat Feb 11, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

I apologies for nothing having this information on hand at the start and should have provide the information up front. This is the market value of our fund. As you can see the nominal rate of return is 2.02% http://imd.unjspf.org/marketvalue/marketvalue.pdf Secondly I looked at our pension estimate...
by Faisal
Sat Feb 11, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

I apologies for nothing having this information on hand at the start and should have provide the information up front. This is the market value of our fund. As you can see the nominal rate of return is 2.02% http://imd.unjspf.org/marketvalue/marketvalue.pdf Secondly I looked at our pension estimate ...
by Faisal
Sat Feb 11, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

No CDs. No bonds. No investments. Total savings combined is 250k approximately. No fund for saving for a home. Just cash in savings account. Just to give additional information the UN subsidies my insurance coverage so that is take from my salary straight so I don't have to pay for anything. I get r...
by Faisal
Sat Feb 11, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Re: Need advice on setting up first Investment account

Thanks for the response. No investment accounts at all. I work for the UN so they manage our pension and its nothing I have control over. I contribute to month to the tune of 12,000 a year roughly. The UN doubles that yearly in contribution, so from their end its 24k yearly. Our pension fund functio...
by Faisal
Sat Feb 11, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on setting up first Investment account
Replies: 14
Views: 1039

Need advice on setting up first Investment account

I had posted earlier about deciding whether to purchase a home or set up an investment account. I found the advice provided here extremely useful and after discussions with our bank and other related financial institutions I have decided to set up a small investment account with Vanguard. Background...