Search found 2169 matches

by Jags4186
Sat Jul 21, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1848

Re: High school graduation monetary gift for nephew

Are your nieces/nephews going to struggle paying for college? I would consider being more generous if they will have to take out loans and less generous if their parents have everything covered. In my case my aunt and uncle were generous because the $5000 I received came directly off the amount I wo...
by Jags4186
Fri Jul 20, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 2610

Re: Property tax + deductions

I am trying to better plan our savings for this year. Can someone shed some light on how deductions work with property taxes. We live in a VHCOL area and our property taxes are rather high. It is ~30k on a 2.5 million house. Do we get to write off a portion of our property taxes? What are some ways...
by Jags4186
Fri Jul 20, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1848

Re: High school graduation monetary gift for nephew

What will he use the money for? Is he going to have to borrow for college? I don't know. I have not inquired. I think it likely his parents will be at least assisting. He's going to in-state school. If he would appreciate it, $1,000 would be great. Any number of $100 bills that you chose to give wo...
by Jags4186
Fri Jul 20, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 2610

Re: Property tax + deductions

Try the TaxCaster app. It’s for 2017, but there is an option to estimate 2018 federal taxes. The issue is that the standard deduction for a married couple is now $24,000. So with property taxes plus state and local taxes capped at $10,000, then your mortgage interest and other deductions must be $1...
by Jags4186
Fri Jul 20, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: High school graduation monetary gift for nephew
Replies: 37
Views: 1848

Re: High school graduation monetary gift for nephew

What will he use the money for? Is he going to have to borrow for college? I don't know. I have not inquired. I think it likely his parents will be at least assisting. He's going to in-state school. If he would appreciate it, $1,000 would be great. Any number of $100 bills that you chose to give wo...
by Jags4186
Fri Jul 20, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1934

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Why you are saying so? The reason we chose JFK is that it saved us around $500 for the 2 tickets over EWR. It costs 4x to go to JFK vs Newark from NJ. Say its a $40 Uber to EWR. It's going to be $160 to JFK. Now you're spending $240 more for transportation + an additional 2 hours travel *at least*....
by Jags4186
Fri Jul 20, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1934

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Never fly out of JFK if at all possible. EWR > LGA > JFK for a Jersey traveler. Why you are saying so? The reason we chose JFK is that it saved us around $500 for the 2 tickets over EWR. It costs 4x to go to JFK vs Newark from NJ. Say its a $40 Uber to EWR. It's going to be $160 to JFK. Now you're ...
by Jags4186
Fri Jul 20, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1934

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Never fly out of JFK if at all possible. EWR > LGA > JFK for a Jersey traveler. Why you are saying so? The reason we chose JFK is that it saved us around $500 for the 2 tickets over EWR. It costs 4x to go to JFK vs Newark from NJ. Say its a $40 Uber to EWR. It's going to be $160 to JFK. Now you're ...
by Jags4186
Fri Jul 20, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 1934

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Uber XL or any taxi company in the phonebook should do just fine...

Never fly out of JFK if at all possible. EWR > LGA > JFK for a Jersey traveler.
by Jags4186
Thu Jul 19, 2018 11:58 pm
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 82
Views: 3992

Re: Have you ever purchased a pricy musical instrument?

While I can't speak for string instruments, I can speak for brass instruments and piano. With regards to brass instruments, unless you're playing a real dud or are getting into professional caliber playing, nice student models will suffice for personal enjoyment. Yamaha or similar will do the trick ...
by Jags4186
Thu Jul 19, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 101
Views: 3984

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

At minimum unreasonable at worst irresponsible. Most people, unless they are very wealthy or make their living from said stuff, don’t have $80k in a certain category extraneous stuff.
by Jags4186
Mon Jul 16, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for young colleague please
Replies: 26
Views: 2058

Re: Advice for young colleague please

She can invest 18,500 in 401k and then 5,500 Roth IRA per year I believe. Not 401k and tIRA both. Feel pretty sure about that. ?? The nuance is that while she could invest in a tIRA, it would not be tax deductible, so there would be no point and the Roth IRA would be a better choice. Why would she ...
by Jags4186
Mon Jul 16, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 12657

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

I also realized it's my personal e-mail that is used for all of the two step verification, and for better or worse that's "mine" and not something I plan on giving access to her...sort of the same way I wouldn't read her journal/go through her e-mails/log into her Facebook account. You refuse to gi...
by Jags4186
Mon Jul 16, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Advice for young colleague please
Replies: 26
Views: 2058

Re: Advice for young colleague please

She can invest 18,500 in 401k and then 5,500 Roth IRA per year I believe. Not 401k and tIRA both. Feel pretty sure about that. ?? The nuance is that while she could invest in a tIRA, it would not be tax deductible, so there would be no point and the Roth IRA would be a better choice. Why would she ...
by Jags4186
Mon Jul 16, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Advice for young colleague please
Replies: 26
Views: 2058

Re: Advice for young colleague please

I would pay off the credit cards as soon as she gets her next paycheck. Then invest in 401k up to max $18,500/yr, then I would max a traditional IRA, then I would work on the student loans/car loan whichever has the higher interest rate. If she wants a few bucks to feel comfortable, she can save a f...
by Jags4186
Sun Jul 15, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 5947

Re: Accepted new job, immediately laid off at old one?

Not like you have much choice in the matter. Consider your severance a bonus with an option for unemployment insurance. Pretty much best scenario possible TBH.
by Jags4186
Sun Jul 15, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 12657

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

I also realized it's my personal e-mail that is used for all of the two step verification, and for better or worse that's "mine" and not something I plan on giving access to her...sort of the same way I wouldn't read her journal/go through her e-mails/log into her Facebook account. You refuse to gi...
by Jags4186
Fri Jul 13, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Do insurance agents add value? How?
Replies: 24
Views: 1460

Re: Do insurance agents add value? How?

Insurance agents have access to insurance companies that don’t sell direct to consumer. In my experience they always are able to find better rates than you are by shopping around on your own. Your experience may vary depending on what state you live in.
by Jags4186
Thu Jul 12, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 352
Views: 11756

Re: COMING SOON: BOGLEHEADS PODCASTS

The Bogleheads Podcast: Exceptionally Average
by Jags4186
Wed Jul 11, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Starbucks Chase Visa cards
Replies: 5
Views: 474

Re: Starbucks Chase Visa cards

pablolo wrote:
Wed Jul 11, 2018 9:43 am
If I apply for card issued by Chase and I get denied because of the 5/24 rule will I still be charged with a hard-hit? Thank you
Yes and that card is awful so don’t bother applying for it. If you know you’re over 5/24 don’t apply for a chase card.
by Jags4186
Wed Jul 11, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4782

Re: Capping Emergency Fund

Our car insurance deductibles are $500 and home owners deductible is $1000. Based on your stated financial situation and the deductibles listed above, it would appear that you are paying too much for insurance. You would think so, however the break even on these policies to raise the deductible mad...
by Jags4186
Tue Jul 10, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Hyperbitcoinization?
Replies: 14
Views: 1367

Re: Hyperbitcoinization?

You could buy 1 bitcoin and be set if it goes to $100,000,000 even accounting for inflation!
by Jags4186
Sun Jul 08, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?
Replies: 30
Views: 2238

Re: Is it contradictory to be a Boglehead and have substantial allocation towards SCV?

First, the assertion that SCV has under-performed the S&P500 over long time periods is flat-out wrong. There is a small cap premium and a value premium, and these are persistent and pervasive (over long time periods). Look at the data yourself. Not that I'm against SCV, but there are some examples ...
by Jags4186
Sun Jul 08, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3231

Re: Trying to hit grand slam with small % portfolio?

Heh, I buy a lottery ticket once or twice a month. Does that count? :greedy I'd be curious what the risk/reward spread of randomly picking stocks is vs buying lottery tickets. Certainly buying MegaMillions or Powerball is a loser compared to picking stocks, but I wonder what the expected return wou...
by Jags4186
Sun Jul 08, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 3994

Re: Tipping in a hotel room/cruise ship room

Tipping on a cruise ship is easy. If you are from USA, tip $5+ for room per day, and something equivalent to your dining waiter based on the expense. If you are from Europe, do not tip, it is not expected from you. If you are from somewhere else, choose a method from above of your choice, or tip so...
by Jags4186
Sun Jul 08, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3231

Re: Trying to hit grand slam with small % portfolio?

I think you have a better chance to win and more fun by playing roulette. Plus free drinks!
by Jags4186
Sun Jul 08, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3231

Re: Trying to hit grand slam with small % portfolio?

I don’t see why people here object to say 10-20k allowance (from low 7 figure portfolio in mid 40s) to some speculative high risk high reward investments like individual stocks, small cap biotech funds, cryptos, etc. The 10-20k would hardly be noticed if lost, but the upside could pay for a nice va...
by Jags4186
Sun Jul 08, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3231

Re: Trying to hit grand slam with small % portfolio?

The problem with "trying to hit a grand slam" is what you do if it doesn't work out. Say you invest 5% of your portfolio and it goes nowhere while the rest of your portfolio goes up. It's a drag on returns but not going to destroy you. What if 5% goes to .5%? Take a look at the charts of Amazon, Net...
by Jags4186
Sat Jul 07, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7808

Re: Tipping at non sit down places

I’m going to walk around with a tip jar going forward. I hope to meet some of you out in the wild.
by Jags4186
Fri Jul 06, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4782

Re: Capping Emergency Fund

In general the advice/target for an emergency fund is 6 months of expenses. I'm curious at what point in total assets this rule doesn't make sense. - For example, if someone had 20, 30, 40x their monthly expenses in bonds would it make sense to decrease the emergency fund in a high yield savings? -...
by Jags4186
Fri Jul 06, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 124
Views: 9404

Re: Vanguard to offer non-Vanguard ETFs commission-free

Not sure if this has been discussed but in the fine print it says: “When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.” Does this mean Vanguard will only accept market orders for non Vanguard commission free ETFs? If so th...
by Jags4186
Thu Jul 05, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5326

Re: How to tip

15%-20% pretax—usually rounded up to the nearest dollar. 15% for “bad” service, 18% for good, 20% for very good. Last night we had really really slow service. We ordered a drink, 20 minutes later it showed up. She’d be “back in a second” to take our order, 20 minutes later she came to take the order...
by Jags4186
Wed Jul 04, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Cordcutters - Playstation Vue
Replies: 30
Views: 3534

Re: Cordcutters - Playstation Vue

If you want this cable content the legit way, there’s no way around paying. The main advantage of these streaming services is that you can buy equipment and eliminate the equipment rental fees from the cable companies. After recently helping a relative sign up for cable TV the advertised package pri...
by Jags4186
Wed Jul 04, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Surface Pro(2017) vs 9.7" iPad 2018 (edited)
Replies: 35
Views: 2417

Re: Surface Pro(2017) vs 10.5" iPad Pro

I’d really recommend you just get yourself a slim laptop for the work you describe—I got my wife a Dell XPS 13 last Christmas and it is a beautiful machine. I use an iPad Pro 10.5 for many things but it has several “quirks” which are just not good for your activities. Whether you have an Apple penci...
by Jags4186
Tue Jul 03, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 104239

Re: To take or not to take delivery of Tesla 3

So what is starting to happen now is that the bloom is off the rose. The press has turned on Musk/Tesla and the flowery coverage has turned. I'm not sure how long you've been following Tesla news, but there basically has always been negative or misleading reports about Tesla. A decade ago, Top Gear...
by Jags4186
Tue Jul 03, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 124
Views: 9404

Re: Vanguard expanding list of commission-free ETFs August 2018

I don’t see how this benefits most of us on here since vanguard index etfs are some of the best run and lowest cost? I’m thinking of using 1-2% of my portfolio for speculative fun bets but then come to my senses as this will likely have no significant impact even in the best of cases. Because Vangu...
by Jags4186
Tue Jul 03, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: How can I pay my credit card balance with a Visa Gift Card?
Replies: 32
Views: 2435

Re: How can I pay my credit card balance with a Visa Gift Card?

You can’t directly. You would need to get a PIN, buy a money order, deposit the money order, then pay it off. Being able to buy a money order with a VGC is extremely local. I think you are referring to manufactured spending. I have done this a few times in the past, but now my local Walmart and pos...
by Jags4186
Mon Jul 02, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How can I pay my credit card balance with a Visa Gift Card?
Replies: 32
Views: 2435

Re: How can I pay my credit card balance with a Visa Gift Card?

You can’t directly. You would need to get a PIN, buy a money order, deposit the money order, then pay it off. Being able to buy a money order with a VGC is extremely local.
by Jags4186
Mon Jul 02, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Do we start the house buying process?
Replies: 25
Views: 2229

Re: Do we start the house buying process?

You had me until you said it could easily sell for its original price. If it could easily sell for its original price, someone would have bought it. It might be a good deal, but don’t go in thinking you walked into $80k equity. That aside, you are in a $100/mo living situation and with $8k/mo takeho...
by Jags4186
Sun Jul 01, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12881

Re: What are your property taxes?

NJ $11,310 for 1400sqft on 1/4 acre.

People who pay significantly less, do you have local professional police/fire? Also curious if you have things like 2x weekly garbage and recycling pickup that’s included.
by Jags4186
Fri Jun 29, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to shift from 70% to 75% stock
Replies: 8
Views: 815

Re: How to shift from 70% to 75% stock

Just know the second you move from 70/30 to 75/25 the market will plunge. It is the way things are!
by Jags4186
Fri Jun 29, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Anyone use T-mobile cell network?
Replies: 32
Views: 1798

Re: Anyone use T-mobile cell network?

T-Mobile offers a great coverage map which not only tells you where it has coverage, but on what bands it has coverage. Could you provide a link to that map? The only one I could find on their site offers a pretty granular breakdown of where they have service and what type of service (LTE, 4G, 3G e...
by Jags4186
Fri Jun 29, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: Anyone use T-mobile cell network?
Replies: 32
Views: 1798

Re: Anyone use T-mobile cell network?

T-Mobile uses some spectrum bands that haven't been traditionally used by cell carriers in the past. It has acquired large swaths of 600MHZ spectrum which provides longer range transmission of signal and better in building penetration. If reception is your primary concern I would look into buying ne...
by Jags4186
Thu Jun 28, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: Levering a portfolio to a 60/40 equivalent
Replies: 15
Views: 1898

Re: Levering a portfolio to a 60/40 equivalent

I figured these would be the responses. So I guess my next question is how do you reconcile these statements: 1. Past performance does not predict future performance. 2. Use a diversified asset allocation because it's worked in the past. People on here like to opine on market trends (rising rates, ...
by Jags4186
Thu Jun 28, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inspection on home we wish to purchase - questions i should ask
Replies: 23
Views: 1346

Re: Inspection on home we wish to purchase - questions i should ask

Don’t buy a house with an underground oil tank. It needs to be removed and the state needs to certify that it was done correctly. If the owners won’t remove the tank I would move on.
by Jags4186
Thu Jun 28, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Is today's furniture market wackier than ever?
Replies: 18
Views: 2410

Re: Is today's furniture market wackier than ever?

People talk about “quality” furniture and “quality” cloths and I just hear “expensive” furniture and “expensive” cloths. I just can’t ever see myself spending 10% of my gross annual income on a living room set in the name of “quality” or two weeks pay on a suit that “fits me like a glove.”
by Jags4186
Thu Jun 28, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 6976

Re: CNBC: Social Security buying power has slipped by a third for retirees

Not terribly surprising, given the exponential increase in healthcare. I'm not quite sure where the increase, if any, is coming from. A friend just had robotic abdominal surgery and the surgeon got paid $600 by medicare, while the anesthesiologist raked in a whopping $125. I'm paying an appliance r...
by Jags4186
Wed Jun 27, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How many months of living expenses would you keep in your bank.
Replies: 61
Views: 3934

Re: How many months of living expenses would you keep in your bank.

We keep about $50k in cash. $48,000 is 8 months of cash split $20k and $20k in two high yield checking accounts paying us 4.59% interest. The other $8k is in Vanguard Prime Money Market. Then we keep a few thousand in our checking account--$2-$3k. We get paid every week so theres no need to keep a b...
by Jags4186
Wed Jun 27, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Is there a way to avoid bad companies in S&P 500?
Replies: 92
Views: 4582

Re: Is there a way to avoid bad companies in S&P 500?

How do you square the fact that a terrible company became one of the 500 or so largest American companies? Remember, today's dogs are tomorrow's turnaround stories. Today's high flyers are tomorrow's disappointments. GE was a great company until it became "terrible". Eastman Kodak was a great compan...
by Jags4186
Tue Jun 26, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Small loan by the way of 0% APR credit card
Replies: 20
Views: 1178

Re: Small loan by the way of 0% APR credit card

Be careful with CC debt—even at 0%. As others have noted usually if you fail to pay off the balance during the 0% period you’ll usually be charged interest back to day 1. Since you are only paying your cousin $300/mo it is unlikely you’d be able to pay off $6000 in a 12 month intro period. I would l...