Search found 115 matches

by NYGiantsFan
Sat Nov 18, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Charge card, what info embedded in chip?
Replies: 9
Views: 834

Re: Charge card, what info embedded in chip?

So... just how much background, general personal ID info is contained in those chips? Chip provides encryption of credit card data (Doesn't store personal details). Data is encrypted using Key/Value pair and decrypted at Credit Card Company end. This additional security layer prevents hacking of da...
by NYGiantsFan
Sat Nov 18, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Southeast Asia trip - Cash handling
Replies: 19
Views: 1248

Re: Southeast Asia trip - Cash handling

I have always found plenty of ATMs, and use (2) credit and (2) ATM cards... no fees in last 30 yrs traveling / living as expat in SE Asia. I make it a point to keep integrated in local culture than to use ‘western hotels / food / tourist things’. I keep very little cash on hand If I have to book lo...
by NYGiantsFan
Sat Nov 18, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Southeast Asia trip - Cash handling
Replies: 19
Views: 1248

Southeast Asia trip - Cash handling

Young family member is planning to travel Southeast Asian countries (Vietnam, Hong Kong, Malaysia etc) for six weeks as an independent traveler with a friend. What's the recommendation for taking/handling cash? He will be carrying Mastercard credit card (Barclays World) with no foreign transaction f...
by NYGiantsFan
Sun Nov 12, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a home mortgage without spouse?
Replies: 43
Views: 2617

Re: Getting a home mortgage without spouse?

My wife and I are planning to buy a home in the next several (let's say 1-4) years, planning to put 20% down. My FICO is quite good (850 per freecreditscore.com which is owned by Experian), but hers is around 712 (she is dinged for (i) credit history length as she only came to this country for grad...
by NYGiantsFan
Wed Sep 27, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: I'm shocked! [Mother 100% in bonds and annuities]
Replies: 67
Views: 6640

Re: I'm shocked!

Couple of points from experience dealing with older family member. 1) Prepare list of accounts. Memory tends to fade as person ages. 2) Consolidate to one or two accounts. It will be easier for everyone to keep track of it. 3) Talk to your mom about what do with money later on. Even though, she may ...
by NYGiantsFan
Tue Sep 26, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17114

Re: Becoming a Landlord: My Experiences

My experience was that it was profitable, but not enough to justify the headaches. I think the biggest mistake people make is thinking it just sort of runs on autopilot and you get automatic income like a dividend without any work. If you have a demanding job where you work late hours, I would reco...
by NYGiantsFan
Tue Sep 26, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17114

Re: Becoming a Landlord: My Experiences

Bogleheads: Hi, Can anyone give a ballpark figure (with whatever qualifications necessary to make the figure mean something -- like contracting all repair work out) as the actual profit one can expect from a rental? Perhaps as a fraction of the current-market value of the house? If I rent out a 200...
by NYGiantsFan
Tue Sep 26, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17114

Re: Becoming a Landlord: My Experiences

Couple of additional points. -Buy property only in A or A- area. Don't ever buy property in C area. You may get great cap rate with C area but you may get great headache with that. When market improves, A area property will bring you great returns. -Visit properties when you are in the area (even dr...
by NYGiantsFan
Tue Sep 26, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 17114

Re: Becoming a Landlord: My Experiences

I still remember reading a book about landlording, years ago, in which the writer said that one thing she did when evaluating prospective tenants was to look at the inside of their car. She didn't place much emphasis on whether it was a recent-model car or an old car, but she wanted to see how the ...
by NYGiantsFan
Tue Jul 11, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Outside Pittsburgh short trip ideas
Replies: 36
Views: 2519

Outside Pittsburgh short trip ideas

We will be in Pittsburgh during September long weekend (Friday till Monday). Any suggestions on trip ideas outside Pittsburgh city? We have already done site seeing within City earlier. So, we prefer to explore surrounding region. Everyone in the group is adult (no kids). We prefer not to drive more...
by NYGiantsFan
Thu Jul 06, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Landlording....
Replies: 12
Views: 1701

Re: Landlording....

Offer to pay 1/2 to one month rent as courtesy and establish move-out date. This is the best way to handle eviction. Cost of eviction including lawyer fee, court fee, unpaid rent can reach several thousand dollars and you may be responsible for cleaning the place after they leave as they have no mot...
by NYGiantsFan
Thu Jun 08, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 81
Views: 14604

Re: High Income Earner Humbly Seeks Advice

An old article you may want to research. (You are already doing Pension plan from the article).
https://www.forbes.com/sites/ashleaebel ... 31317a68be
by NYGiantsFan
Thu Apr 20, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 2887

Re: Moving from Chicago NW suburbs to NJ/NY area

So far my observation is that housing in west windsor and plainsboro is quite expensive possibly due to school ratings. Places like lawrenceville,east windosr etc are cheaper. Montgomary area has some low prices as well and school ratings are good as well. Any suggestions on good high schools in pr...
by NYGiantsFan
Mon Apr 10, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Setting up home office/network question
Replies: 18
Views: 1308

Re: Setting up home office/network question

Best option would be power-line adapter which will provide decent permanent connectivity.
You can research your options at
https://www.cnet.com/topics/networking/ ... -adapters/
by NYGiantsFan
Sat Mar 18, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 21113

Re: How Bad was 2008, really?

We had zero trust on Wall Street, reputable firms could not borrow money at ANY price, with the exception of Goldman Sachs, Morgan Stanley wound up selling a 20% equity stake to the Japanese. Even Goldman had trouble and paid premium to Buffett to shore it up. Which is cheaper? Premium or Equity? I...
by NYGiantsFan
Fri Mar 17, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 21113

Re: How Bad was 2008, really?

Grt2bOutdoors wrote:We had zero trust on Wall Street, reputable firms could not borrow money at ANY price, with the exception of Goldman Sachs, Morgan Stanley wound up selling a 20% equity stake to the Japanese.

Even Goldman had trouble and paid premium to Buffett to shore it up.
by NYGiantsFan
Mon Mar 13, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 21529

Re: gratuitous homeownership items

Jacuzzi bathtub. It takes 10 mins. to fill up and no one in the family wants to wait that long. Formal dining table and china cabinets We never used that for formal dining. It ended up becoming study table for our son. Dish washer Spouse doesn't like to collect dirty dishes and doesn't want to run ...
by NYGiantsFan
Sun Mar 05, 2017 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 6153

Re: 529- should I stop contributing?

Your kid might take AP classes and can/may finish school in 3 to 3 1/2 years. So even with 60k school, you are funded well. I would continue for younger one as other suggested till you reach 200k and move contribution to other form of investment (taxable etc.)
by NYGiantsFan
Tue Feb 07, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: College kids driving cars (to live off campus)
Replies: 44
Views: 3337

Re: College kids driving cars (to live off campus)

Views from parent whose kid is living off campus for almost a year with car. -Bike is necessary (except winter) mode of transportation on campus. -Car is mainly being used for grocery, restaurants and gym. -Include cost of parking in your calculation. We are paying $90/month. -Don't buy really old/c...
by NYGiantsFan
Thu Feb 02, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 6693

Re: Milestone and gotta tell someone

Congratulations.
Paid off house may be a lawsuit magnate. Put maximum line of credit on it.
by NYGiantsFan
Tue Jan 10, 2017 5:17 pm
Forum: Personal Consumer Issues
Topic: Optimum cable and 2nd modem?
Replies: 27
Views: 2648

Re: Optimum cable and 2nd modem?

Simple solution may be getting decent powerline adapter. It is just plug & play.
https://www.amazon.com/TP-Link-Powerlin ... apter&th=1
by NYGiantsFan
Fri Jan 06, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Car for Teen next year...new vs used?
Replies: 50
Views: 4062

Re: Car for Teen next year...new vs used?

You have indicated that you don't want rental but you may want to look at Hertz Rent2Buy program. Hertz has Camry as one of their primary vehicle and you should be able to get decent choice. We went through similar issue early last year for our son and ended up purchasing Camry SE from Hertz. Discou...
by NYGiantsFan
Tue Jan 03, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 7534

Re: My niece got accepted to Georgetown and we may have to pay for it.

She must have failed to apply. She is driving the boat on this one, her parents are out of their league here. Me too actually- it's been awhile and i didn't apply for financial aid back then. This was a long shot (although not surprising given her academic record) and we are still reeling from the ...
by NYGiantsFan
Wed Nov 09, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Create a rental lease
Replies: 4
Views: 463

Re: Create a rental lease

Also, you can review lease from local apartment complexes in your state. That will give more details on what should lease contain compare to lawyer or online. Many time lawyer also make lease from their templates and may not cover everything that you want.
by NYGiantsFan
Tue Oct 18, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: New small business - pre-tax options
Replies: 5
Views: 498

Re: New small business - pre-tax options

I current work for a MegaCorp making enough income to fully fund my 401k as well both my and my wife's ROTH as well as a small amount of taxable savings (most extra income is currently working to pay down debt). My wife will be finishing school at the end of the year and is in the process of gettin...
by NYGiantsFan
Tue Oct 04, 2016 10:46 pm
Forum: Personal Consumer Issues
Topic: Desktop vs. Laptop Computer
Replies: 56
Views: 5266

Re: Desktop vs. Laptop Computer

If it is only home use, get desktop with 2 monitors. If you are comfortable buying used one, check eBay for XEON based desktop (essentially these are servers). XEON is equivalent to i7 in performance and price for used XEON is much cheaper than used i7 chips. You can get incredible rig for around 20...
by NYGiantsFan
Tue Sep 27, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 9729

Re: Spouse concerned about buying luxury SUV

So with the kids driving their own cars, my first question is why do you think you need an SUV? If you're a contractor moving equipment all the time, I'd think you'd own a work truck and utility trailer. If you're just worried that you can't move 2x4's from Home Depot, rent their truck or buy a che...
by NYGiantsFan
Tue Sep 27, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 9729

Spouse concerned about buying luxury SUV

Spouse's Honda Odyssey died last week due to transmission issues (Around 203k miles) and we are in the market for new SUV. Kids are driving their own cars and we aren't considering minivans anymore. We are only considering Japanese SUVs. If it helps, other cars are Accord and Camry . We test drove a...
by NYGiantsFan
Fri Sep 16, 2016 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant wants to leave on short notice. Can they?
Replies: 45
Views: 4706

Re: Tenant wants to leave on short notice. Can they?

Pick up the phone and talk to them. I have been into similar situations earlier. It is better that you talk and sort out the move out date. Best thing is to do as follow. 1) Finalize the move out date 2) Make sure apartment/condo is clean 3) You will need to repaint it. If they can provide you early...
by NYGiantsFan
Fri Sep 09, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Gas station - good business?
Replies: 69
Views: 6587

Re: Gas station - good business?

Family members are in gas station business. Avg. margin is 7 to 10 cents/gallon. Money is in associated store and real money is car wash. How's the weather in this particular area? If it is warm year around, car wash can generate 7 figure + easily and margins are around 40 to 60% net on car wash bus...
by NYGiantsFan
Fri Sep 09, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Enterprise software sales process - PO, Quote, Invoice etc
Replies: 20
Views: 1709

Re: Enterprise software sales process - PO, Quote, Invoice etc

Is it hosted software or deployed at the client's location? If it is hosted, will client pay monthly fee in addition to support fee? Who will own intellectual property of software? I assume you want to if you want to sell it to others. Regarding support, use email address instead of phone support. ...
by NYGiantsFan
Thu Sep 08, 2016 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Enterprise software sales process - PO, Quote, Invoice etc
Replies: 20
Views: 1709

Re: Enterprise software sales process - PO, Quote, Invoice etc

Is it hosted software or deployed at the client's location? If it is hosted, will client pay monthly fee in addition to support fee? Who will own intellectual property of software? I assume you want to if you want to sell it to others. Regarding support, use email address instead of phone support. Y...
by NYGiantsFan
Wed Sep 07, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Is the landlord legaly required to repaint the rental unit while the tenant living there?
Replies: 16
Views: 3383

Re: Is the landlord legaly required to repaint the rental unit while the tenant living there?

We own multiple properties. From experience - Use only antique white (or Navajo White) paint on the wall. - Don't allow tenant to paint. Many properties have wood floors and paint on the floor as well as paint on door knobs etc is nightmare to remove. Only hire professionals to paint. - Don't paint ...
by NYGiantsFan
Mon Jul 25, 2016 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Check Fraud
Replies: 26
Views: 3675

Re: Check Fraud

It has happened to our business payroll account. Initial check appeared with old bank name (Bank had changed names 4 - 5 years back) with different branch address than ours and signature not matching to our account. Checks were being deposited to Chase Bank to cash out. I caught first day check when...
by NYGiantsFan
Fri Jul 22, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 2079

Re: Visiting Acadia National Park - Tips?

7 days may be long for Acadia. You may want to either combine with Nova Scotia Ferry trip or White Mountain (little bit drive).
by NYGiantsFan
Wed Jul 20, 2016 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 25900

Re: Evicting a tenant-Hire lawyer?

Interesting read. I had similar experience with a long time tenant who went through divorce (possibly midlife crisis). Husband left and wife wouldn't leave. I had offered money and she wouldn't take it. She left after taking to court. She left lots of stuff behind which I ended up giving free on cra...
by NYGiantsFan
Tue Jun 28, 2016 9:38 am
Forum: Personal Consumer Issues
Topic: Cost of SIM card
Replies: 17
Views: 1713

Re: Cost of SIM card

criticalmass wrote:
NYGiantsFan wrote:Recently, I had to activate another line with a national provider.
As per their policy, SIM Card is $20. Same SIM card can be bought on Amazon and Best-buy for less than $5.


Which provider?

T-Mobile.
by NYGiantsFan
Mon Jun 13, 2016 1:12 pm
Forum: Personal Consumer Issues
Topic: Cost of SIM card
Replies: 17
Views: 1713

Cost of SIM card

Recently, I had to activate another line with a national provider. As per their policy, SIM Card is $20. Same SIM card can be bought on Amazon and Best-buy for less than $5. Now a days many of new smart phones starts at $20-$25 and at the same time cost of SIM card is same as low end smart phones !!
by NYGiantsFan
Thu Jun 09, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Discount for all cash offer [on house]
Replies: 40
Views: 3687

Re: Discount for all cash offer [on house]

I have been buying rental for cash many years. I have always received discounts for the properties. Minimum discount has been 10% and largest has been 20%. Main difference is that you indicate 30 days (or 15 days closing). When going through bank, there is no guarantee for 30 days closing. With cash...
by NYGiantsFan
Thu Jun 09, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 93694

Re: High Earners - What's Your Profession?

Police Sergeant for a large metropolitan PD. With overtime doing approximately $160k. Curious if you live in a HCOL area. My best friend is a captain for a small county (100k residents maybe), head if Swat and always works extra jobs. Probably makes a little more than 1/3 of what you make. The one ...
by NYGiantsFan
Fri May 20, 2016 3:24 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 40
Views: 4286

Re: Private equity investment

You guys make PE sound like the worst investment ever. Maybe I am better off putting the money elsewhere. We'll see what shakes out at the meeting. BTW, this is not a local business. It's a very small software company creating groundbreaking stuff. I'm a software guy and I have 15 years experience ...
by NYGiantsFan
Fri May 20, 2016 11:42 am
Forum: Personal Consumer Issues
Topic: Acting like a boss!
Replies: 21
Views: 2136

Acting like a boss!

My young one (high school junior) has complained to my significant other that I am acting like as boss in the home.
I manage large team at work. Some of my habits may have come due to work and may have become second nature.
Has any one experienced something similar? How do avoid it?
by NYGiantsFan
Wed May 11, 2016 2:42 pm
Forum: Personal Consumer Issues
Topic: 30 minute commute?
Replies: 80
Views: 10605

Re: 30 minute commute?

I stopped complaining about my commute when co-worker told me that he is commuting from Poconos, PA to Manhattan everyday.

http://martztrailways.com/departures-from-new-york/

Look up Wall St to Poconos, PA commute time :annoyed
by NYGiantsFan
Mon Apr 25, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 66123

Re: Question for the Bogleheads Millionaires

My wife saves money by wearing the clothes her 14 year old has out grown. She's been doing it a couple of years now. I don't understand why she does that. It confusing to me when I see a cute lady and feel attracted but then I recognize the clothes and suddenly assume it's my son and it's really ju...
by NYGiantsFan
Thu Apr 14, 2016 8:50 pm
Forum: Personal Consumer Issues
Topic: Adding a large bedroom to existing house
Replies: 12
Views: 1560

Re: Adding a large bedroom to existing house

You may want to look at adding bathroom to the bedroom. We did it in 2006. Cost was about $100/SQ FT to add 2 bedrooms on the top of the existing garage and living room. We also added bathroom (which bumped up the cost to around $120/SQ FT as we did high end bathroom). As others suggested, you will ...
by NYGiantsFan
Wed Apr 06, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: S Corporation retirement plan selection
Replies: 3
Views: 412

Re: S Corporation retirement plan selection

Definitely solo 401k. You can make a greater contributions on lower incomes with a solo 401k. Thanks for the insight. Is it possible to open more than one solo 401k? I have 2 separate corporations (1 S and 1 LLC). In LLC, we have SEP IRA set up but considering better contribution ratio, I am thinki...
by NYGiantsFan
Tue Apr 05, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: New Home Purchase - Heloc?
Replies: 9
Views: 1206

Re: New Home Purchase - Heloc?

Make sure not to draw Heloc till you need it. Drawing it will show up in your credit report which may impact your credit score and potential to obtain mortgage for your new property. I disagree with this advice. They are going to pull a second check right! Before you close so you want the money sho...
by NYGiantsFan
Tue Apr 05, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: S Corporation retirement plan selection
Replies: 3
Views: 412

S Corporation retirement plan selection

For this year (2016), we would like to set up retirement plan for the S Corporation. There are no employees of corporation. Corp is owned jointly by spouse and I. There is annual income of around $100k+ for this corporation. We would like to do maximum retirement contribution (as much as possible). ...
by NYGiantsFan
Mon Apr 04, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: New Home Purchase - Heloc?
Replies: 9
Views: 1206

Re: New Home Purchase - Heloc?

Make sure not to draw Heloc till you need it.
Drawing it will show up in your credit report which may impact your credit score and potential to obtain mortgage for your new property.
by NYGiantsFan
Wed Mar 30, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Business phone lines recommendation?
Replies: 3
Views: 306

Business phone lines recommendation?

We have 3 business land lines (one with 800) including one fax number that needs to be transferred to new provider.
Any recommendations?
Also what should we watch out for?

Thanks