Search found 195 matches

by Gufomel
Fri Aug 25, 2017 7:32 am
Forum: Personal Consumer Issues
Topic: Any Function Geeks Out There
Replies: 11
Views: 698

Re: Any Function Geeks Out There

I don't know of a single function, though it would certainly be possible to create one. You mentioned that you want to see a progressive increase in cost, so I don't know that you want this all in a single function anyways. You can do it easily in a few columns in Excel. I'm guessing that you're ass...
by Gufomel
Mon Aug 07, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 8157

Re: Are we house poor?

You are most definitely not house poor, IMHO. As another poster had mentioned, even if you were to downsize, I'm assuming you would not get a house for less than $150k? Realistically I'm guessing it'd probably be more like $180k? After closing costs on both the sale and purchase, you're probably loo...
by Gufomel
Sat Aug 05, 2017 7:11 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

Do you have a detailed monthly budget? I mean a budget where every dollar is accounted for, and you are within budget on average every month. If so, if you plug in $3000 for monthly housing expenses rather than your current $1300, can you afford it? If you can, then go buy this house. Just recognize...
by Gufomel
Fri Aug 04, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: 2010 Civic AC
Replies: 7
Views: 775

Re: 2010 Civic AC

A few years ago the A/C failed in our 2003 Accord with ~150k miles. It was the compressor. We decided to have it fixed for ~$1k. Exactly a year later, it failed again, but a different part (can't remember what). We were quoted ~$1k again for the fix. Decided to trade it in for $2k and be done with it.
by Gufomel
Fri Jul 28, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Barclay's Dream Savings Account - 1.20%!!
Replies: 2
Views: 536

Re: Barclay's Dream Savings Account - 1.20%!!

If I understand correctly, the 2.5% bonus is the additional bonus on the interest earned, not the entire deposit? If so, that works out to a total interest rate of 1.23% (1.2% plus 2.5% x 1.2%). The difference between 1.23% and 1.15% is $40 additional interest on a $50,000 deposit over the course of...
by Gufomel
Mon Jul 24, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

I'm happy for you. In my opinion, the two best things seem to have happened: You made the best financial decision (IMHO) and you're content with your decision. $30 is a very modest rent increase. At the very least, this gives you another year to keep your eyes out for a smart buying decision rather ...
by Gufomel
Tue Jul 18, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

What are your concerns about re-sale value related to? The backyard, or something else? I thought that was strange as well. Why would you buy a house for a price that you cannot sell it for? By definition it would be an overpay - no? Here's the answer: They think the $535k house is so spectacular a...
by Gufomel
Tue Jul 18, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

What are your concerns about re-sale value related to? The backyard, or something else? I thought that was strange as well. Why would you buy a house for a price that you cannot sell it for? By definition it would be an overpay - no? Here's the answer: They think the $535k house is so spectacular a...
by Gufomel
Tue Jul 18, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

What are your concerns about re-sale value related to? The backyard, or something else?
by Gufomel
Tue Jul 18, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

With limited information, it does seem more reasonable for your needs.

As much as you have it within yourself to ignore the possibility of your rent increasing, answer this question: Do you want this house?
by Gufomel
Mon Jul 17, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9440

Re: Is it still worth buying a house in a state with insane property taxes

It's not like landlords are providing a charity and paying property taxes for you out of the goodness of their hearts. You are paying property taxes whether you rent or own. When you own the house, at least you get a line item bill that you can take as a tax deduction. I agree with this, and it was...
by Gufomel
Mon Jul 17, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2449

Re: 18 year old first credit card recommendations

I don't have any specific recommendations on credit cards, but just wanted to provide the other side to "why would an 18 year old need a credit card?". I've always been very responsible with money and it would have made no difference to me as far as my spending habits whether I had a credit card or ...
by Gufomel
Sat Jul 15, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

I would say the deciding factor would be if the buyer's income was from a secure job, preferably a gov't job with a pension down the road. If the income was secure without a possibility of a layoff, and you could take a good, honest look at your home budget and calculate that you could do it, I wou...
by Gufomel
Fri Jul 14, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: What do do with $30-$50 "leftover" money in IRA accounts?
Replies: 8
Views: 687

Re: What do do with $30-$50 "leftover" money in IRA accounts?

Get approved for a cash secured options account level (usually "level 1" at most brokerages w/o margin approval) in your IRA. Buy some ATM or just barely OTM naked calls a week or two out on something like SPY, TLT, LQD, GLD, whatever you want to gamble on. You'll either solve your problem of havin...
by Gufomel
Fri Jul 14, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Work Discount Stock Purchase Plan - When to Sell
Replies: 15
Views: 846

Re: Work Discount Stock Purchase Plan - When to Sell

If there are any tax benefits of holding longer, consider holding to get the tax benefit. Maybe set up a rolling plan of selling a certain percentage of such holdings over time -- as long as it does not significantly impact risk/asset allocation. If I remember correctly, a drop in price of ~3% nega...
by Gufomel
Fri Jul 14, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Work Discount Stock Purchase Plan - When to Sell
Replies: 15
Views: 846

Re: Work Discount Stock Purchase Plan - When to Sell

Either:

1) Keep it plus go buy more on the open market because this stock is at such a great value right now
2) Sell it

I suspect that one of these makes more sense than the other if you're honest with yourself.
by Gufomel
Thu Jul 13, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 21
Views: 1633

Re: PersonalCapital.com help

Ha, just checked my Zillow home price because of this thread. My home value dropped about 15k from when I checked it a couple days ago, yet Zillow says my home value has increased $12k over the last 30 days (which I know is not correct after the 15k drop because it's been steadily increasing for se...
by Gufomel
Thu Jul 13, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 21
Views: 1633

Re: PersonalCapital.com help

Ha, just checked my Zillow home price because of this thread. My home value dropped about 15k from when I checked it a couple days ago, yet Zillow says my home value has increased $12k over the last 30 days (which I know is not correct after the 15k drop because it's been steadily increasing for sev...
by Gufomel
Thu Jul 13, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4923

Re: My first poor Ally Bank experience

It's been out there for a while that Ally doesn't like to be a cog in the chain with a lot of transfers to different banks. I remember a couple of years ago they shut several people down for that. Just something to be aware of. Interesting and understandable. Thanks for the heads up. As mentioned i...
by Gufomel
Thu Jul 13, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4923

Re: My first poor Ally Bank experience

I'm in a very similar situation: planning to use my Ally account as a proxy to move money to another account for a bonus. I'm planning to split the whole sum needed for the bonus into 2 transfers, and have already initiated the first one. @Gufomel, Any advice regarding how to avoid transfers being ...
by Gufomel
Thu Jul 13, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4923

Re: My first poor Ally Bank experience

...contact me within 2 business days... OP, it's been two business days. What was the outcome? Sorry for neglecting to come back and update. Ally did resolve this, and rather quickly. Before the end of the day, they had re-granted me full access to my account, with the only exception that they susp...
by Gufomel
Tue Jul 11, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: 0% Finance auto-loans - Whats the catch?
Replies: 20
Views: 1950

Re: 0% Finance auto-loans - Whats the catch?

If you take the rebate, would you be paying cash for the car, or financing elsewhere? If you would need to finance elsewhere at a higher interest rate, then it's probably best to take the dealer 0% financing. However, if you have the cash, then it's almost certainly better to take the $1k rebate (un...
by Gufomel
Mon Jul 10, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - increase in compensation but also much longer commute
Replies: 25
Views: 2022

Re: Job opportunity - increase in compensation but also much longer commute

It's a tough decision. Since you can't move closer (based on what you've said), that makes it even harder. I recently took a new position for a very small bump in pay and a 2x longer commute (in miles), but I'm in a much more secure (and enjoyable) position now. Although my commute doubled in terms ...
by Gufomel
Fri Jul 07, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4923

Re: My first poor Ally Bank experience

I'm having a hard time gathering what the issue is here. Is it the 2-day wait for someone to get back to you? The most likely answer is that Ally is checking your accounts to see if you are laundering money. They're required to comply with federal anti-money laundering rules. This is different than...
by Gufomel
Fri Jul 07, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4923

My first poor Ally Bank experience

I've been been doing some bank account bonus churning and using Ally as my hub account (I've used Ally as my primary checking and savings account for several years but only recently started opening some other accounts for bonuses). This does involve linking several external accounts to my Ally accou...
by Gufomel
Thu Jul 06, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Residential Home for $125K. Rent for $1,400 / mo.
Replies: 43
Views: 2760

Re: Residential Home for $125K. Rent for $1,400 / mo.

I'm not sure I understand your question. Are you just asking how you do the math to calculate your potential return given the facts/projections you've outlined?
by Gufomel
Thu Jul 06, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: What is a "sleeve"?
Replies: 34
Views: 3291

Re: What is a "sleeve"?

Let's see, avoid index funds that cost next to nothing yet obtain returns equal to the market, or pay an advisor exorbitant amounts to make investments using terms that even the internet doesn't have explanations for and which will 80% of the time obtain returns that are worse than the market. Defin...
by Gufomel
Wed Jul 05, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11852

Re: Seeking advice on 1.2m house purchase

Like the chart.. Thanks! So 136% increase over 17 years (236-100)/17 = 8%.. Should I buy or rent? I should mention that I am planning to stay in the Bay Area long term. It doesn't work like that. You likely don't want to know the simple average return, but rather, the compounded return. When comput...
by Gufomel
Wed Jul 05, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Is this correct?
Replies: 9
Views: 645

Re: Is this correct?

A $394,000 mortgage for 10 years with $4600 monthly payments would have an interest rate of 7.125%. I think you included escrow in your monthly payments; this won't go away if you pay off the mortgage. What should happen is that investing the money comes out ahead of paying off the mortgage if the ...
by Gufomel
Wed Jul 05, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11852

Re: Seeking advice on 1.2m house purchase

Seeing how crazily SF real estate prices have rocketed up, buying is probably a great idea; you'll regret not doing it in 5 years if continuing to rent. Only you know if your job security is stable enough to shoulder this risk! :oops: FIFY Seeing how crazily SF real estate prices have rocketed up, ...
by Gufomel
Sat Jul 01, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

I'll try one more time. OP - some elderly advice from this 40yr old who has bought four houses. I lived in Brentwood, my old house in an excellent neighborhood just sold this spring for 470k, it is 3100 sqft and in the Brentwood school district. Despite rising costs TN isn't expensive and housing c...
by Gufomel
Sat Jul 01, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

I'll try one more time. OP - some elderly advice from this 40yr old who has bought four houses. I lived in Brentwood, my old house in an excellent neighborhood just sold this spring for 470k, it is 3100 sqft and in the Brentwood school district. Despite rising costs TN isn't expensive and housing c...
by Gufomel
Sat Jul 01, 2017 6:50 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

After reading almost every response, I feel fortunate to get self-less guidance and elderly advise from such a wonderful people. I would like to sincerely thank each one of you. I used zillow's mortgage calculator and below are the numbers- Home ownership expenses -------------------------------- H...
by Gufomel
Fri Jun 30, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

We are a family of 3, husband, myself and a daughter. We are now paying monthly rent $1300. This may go up atleast 100 for the next year. So i am debating to buy (or not buy) this house in middle tennessee. It is $535000 for 3600 sqft house. Lot size is 0.25 acres. I really appreciate any input, su...
by Gufomel
Fri Jun 30, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

Gufomel, I do not have words to thank you enough. You are helping me so much with all the detailed information. I am going through it now and will post shortly. It seems that Prettybogle is not taking this decision-making process very seriously. The information Gufomel provided could have & should ...
by Gufomel
Thu Jun 29, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

Thanks again everyone. We are first time home buyers and we do not know what costs are involved in home ownership. Whatever knowledge we have is what we read online in places like zillow etc. I assume most of y'all are home owners. Part of the reason we were thinking this 535k house is we may be mi...
by Gufomel
Thu Jun 29, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

https://www.zillow.com/homedetails/427-William-Wallace-Dr-Franklin-TN-37064/55770300_zpid https://www.zillow.com/homedetails/3103-Millbank-Ln-Franklin-TN-37064/55770034_zpid https://www.zillow.com/homedetails/305-Wisteria-Dr-Franklin-TN-37064/52024867_zpid https://www.zillow.com/homedetails/1425-Cl...
by Gufomel
Thu Jun 29, 2017 3:52 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

There's no new houses being built that are less than 3600 sqft? Here's the numbers. On a 130k salary, your take home pay after 30% for taxes and retirement contributions is $91,000. This is assuming a 20% effective tax rate for federal, SS, and Medicare and 10% for retirement (pretty low). Health in...
by Gufomel
Thu Jun 29, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

You're doing this to protect against the risk of your $1300 monthly rent increasing? Something is really off here. Agreed. I'm hoping this was a spur of the moment decision that will be put aside after some time to reflect. OP said their monthly rent might go up from $1300 to $1400 and their counte...
by Gufomel
Thu Jun 29, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19372

Re: Buying house - Very important decision

I'm quite confused by the two options here: 1) Rent for $1300 2) Buy a house for $535k If you're currently renting for $1300 around Franklin, TN, this must be a modest size 2 bedroom apartment of average quality. Possibly a 3 bedroom, but I doubt it. I can't imagine it's more than 1500 square feet. ...
by Gufomel
Thu Jun 29, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Opinions on Job Change
Replies: 9
Views: 830

Re: Opinions on Job Change

If I understand correctly, you would be getting a $33k salary increase with better advancement opportunities + $11-22k bonus + better working environment and flex time, and the only thing you're losing is the difference between the current company's 12% match and the new company's 6% match? Based on...
by Gufomel
Thu Jun 29, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7775

Re: Time in the market is more important, But seriously ?

I would lump sum my entire portfolio in right now. If I wouldn't do that, I would remove money from the market right now. You 'buy' your portfolio every day. Becoming invested is no different than staying invested. Really? I am very comfortable staying invested now, but I am holding off adding to t...
by Gufomel
Fri Jun 23, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Fees for selling ESPP shares
Replies: 3
Views: 289

Fees for selling ESPP shares

I recently joined a company where I have an opportunity to contribute to an ESPP for the first time. I will be contributing only to take advantage of the discount, and then sell immediately. The plan is not that great, but it's at least a small additional bonus. I can contribute up to 15% of my sala...
by Gufomel
Fri Jun 23, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: How do you approach your ESPPs
Replies: 26
Views: 1292

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 l...
by Gufomel
Fri Jun 23, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do you approach your ESPPs
Replies: 26
Views: 1292

Re: How do you approach your ESPPs

Tell us more about your ESPP. Like, the amount of discount, holding period, amount you can participate with, etc. I use mine as a churn-through, equivalent to an additional 2.6% of salary. No reason to hold long term with mine. Completely compatible with monthly/yearly budgets, and as a churn-throu...
by Gufomel
Fri Jun 23, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2766

Re: Mortgage and Low-Income

As for not "fitting in" in a certain neighborhood, I'm not quite sure I agree. I'd say I feel awkward around people that make similar incomes to us BECAUSE it seems like we're making more... Most low-income families we know do NOT have robust savings or even retirement accounts like we do...
by Gufomel
Fri Jun 23, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: New cars w/ no CD player -- what can I do with my CDs?
Replies: 47
Views: 4791

Re: New cars w/ no CD player -- what can I do with my CDs?

You could create a CD ladder :D womp womp...
by Gufomel
Fri Jun 16, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage and Low-Income
Replies: 26
Views: 2766

Re: Mortgage and Low-Income

I don't know the details of the whole life plan. But in general they're junk, so if you can get $41k out of it and use it for a down payment, that sounds excellent. You mentioned getting a property valued at $180-200k and putting 20% down, but then mentioned a $180k mortgage. If you get a property a...
by Gufomel
Fri Jun 16, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Citi bonus 500 with new account
Replies: 2
Views: 447

Re: Citi bonus 500 with new account

I'm in process of doing the 300 bonus for $15k deposit (opened the account in February). I'm close to the point that I should be receiving my bonus, but I received an email saying I've been denied the bonus because I did not return my W-9 form (which is false). I faxed them my W-9 form shortly after...