Search found 2560 matches

by Rob5TCP
Mon Jul 25, 2016 8:08 am
Forum: Personal Consumer Issues
Topic: What kind of apartment can $1k get you in your city?
Replies: 60
Views: 3371

Re: What kind of apartment can $1k get you in your city?

While Manhattan has obscene rents, apartments in other areas of NY State border on the very inexpensive. Rochester has some VERY reasonable rents, even downtown. Prices have increased very little in the past 10-20 years (Kodak was the biggest employer and now is a shell of its former self). Syracuse...
by Rob5TCP
Sun Jul 24, 2016 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: "New" combo product for LTC/Whole life insurance
Replies: 11
Views: 854

Re: "New" combo product for LTC/Whole life insurance

I was presented a hybrid product which included whole life, LTC, and an annuity.
It was impossible to evaluate because I was uninterested in the insurance component.
I don't have LTC and may not buy it.
by Rob5TCP
Sun Jul 24, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: What kind of apartment can $1k get you in your city?
Replies: 60
Views: 3371

Re: What kind of apartment can $1k get you in your city?

I live in Manhattan and don't even ask about $1k per month; unless you intend to have several roommates. A place I own in Lake placid, Florida $1k gets you a terrific apartment. I would prefer where I am living, but better values for that amount are found throughout much of the South. Florida rental...
by Rob5TCP
Sun Jul 24, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: What is a good value caviar?
Replies: 7
Views: 665

Re: What is a good value caviar?

What do you think a good price point is for caviar, and how does Lumpfish or Salmon roe compare with something like farmed sturgeon? https://www.amazon.com/2oz-California-White-Sturgeon-Caviar/dp/B004SKH1G4/ref=sr_1_5_s_it?s=grocery&ie=UTF8&qid=1469394623&sr=1-5&keywords=sterling+ca...
by Rob5TCP
Sun Jul 24, 2016 5:24 pm
Forum: Personal Consumer Issues
Topic: What is a good value caviar?
Replies: 7
Views: 665

Re: What is a good value caviar?

Check out the "lower" grades - it's all depends on your taste.

Paddlefish, Hackelback and Transmontanus are less expensive caviar grades.
The best is if you can find a place that will let you try it (hopefully with minimal cost).
by Rob5TCP
Sun Jul 24, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: What is a good value caviar?
Replies: 7
Views: 665

Re: What is a good value caviar?

There are several good Caviar places in NY (they ship all over) I prefer Osertra and at one time we could buy 2 ounces for less than $75 (no more). I liked the texture. I've never tried Beluga; even then it was quite expensive. Two sites I've purchased from (in person) Pertrossian - we've also had c...
by Rob5TCP
Sat Jul 23, 2016 7:59 pm
Forum: Investing - Theory, News & General
Topic: Confusion about Synchrony Bank Early Withdrawal Penalty
Replies: 21
Views: 2156

Re: Confusion about Synchrony Bank Early Withdrawal Penalty

Melrose C.U. in NY (available nationwide) has a 5 year 2.42% rate.
The EWP is 6 months; however the interest rate for the entire period reduced to current savings rate (about .5%).
That's one of the reasons I took a slightly lower rate with a less draconian EWP.
by Rob5TCP
Sat Jul 23, 2016 4:03 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

Things are not always as clear cut as they seemed. I went to Synchrony Bank's website and looked up EWP. On June 13, 2016 they changed the penalty on all CD's over 4 years to 365 days interest. I will be doing some calculations to see if the difference is still worth the effort. I looked up my orig...
by Rob5TCP
Sat Jul 23, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: Confusion about Synchrony Bank Early Withdrawal Penalty
Replies: 21
Views: 2156

Re: Confusion about Synchrony Bank Early Withdrawal Penalty

Synchrony Bank increased their EWP from 6 months to 12 months for all CD's over 48 months (effective Jun 13, 2016).
One of the reasons I chose their CD was because of a fairly mild EWP.
by Rob5TCP
Sat Jul 23, 2016 2:39 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

Thank you Kevin - the limit now does affect one CD I was going to transfer. I will call on Monday to ensure I can transfer the other in time to make the 3% offer. The payback period is very short. Sounds like a plan. Glad we got the IRA vs. POD NCUA insurance thing cleared up. Would be interested i...
by Rob5TCP
Fri Jul 22, 2016 6:49 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

First, I'm reluctant to do any early withdrawals to fund this CD because of the risk of having the rate drop before the transfer is complete, in which case the EWP would be wasted. However, I have seen two reports from forum members that an AFCU CSR said they would lock the rate when they received ...
by Rob5TCP
Thu Jul 21, 2016 10:21 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

Kevin - your risk/reward calculator (I believe it was yours) was quite the eye opener. Most of my IRA bond funds are sold and are now at Andrews. There was just no comparison. I am calculating converting some of my other CD (and EWP) into 7 year Andrews. By using different POD, I should be able to e...
by Rob5TCP
Thu Jul 21, 2016 6:21 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

Fan mail. I can't believe I forgot that. Yes, it is seven years. Thanks. 7 Years is a long time to have your money locked away with big penalties if its withdrawn early! EWP is 6mo interest, I dont think that's a "big penalty". If you withdraw after 2 years, you would still have gotten ab...
by Rob5TCP
Wed Jul 20, 2016 12:27 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3688

Re: 3% cd

I currently have 2 CD's with Andrews.
Valor Credit Union did offer a 3% with the ability to add to it; but they unilaterally discontinued that earlier this year (to much controversy to current CD holders).
3% is very hard to find right now.
by Rob5TCP
Tue Jul 19, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Farmland REITs?
Replies: 26
Views: 1888

Re: Farmland REITs?

An interesting article today in Seeking Alpha - author gives his reasons why he prefers farmland Reits over timber Reits. This one is very pro FPI. http://seekingalpha.com/article/3989550-asset-class-battle-timberland-vs-farmland To be "fair and balanced", from the same source an article t...
by Rob5TCP
Tue Jul 19, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 16
Views: 1067

Re: "Security freeze" to prevent credit fraud

It is a bit of a hassle, but it's worth it. I did as soon as I became aware of the ability to do so (about 7-8 years ago). From time to time, I have to pay to get a pin number when i want a new credit line or credit card. As mentioned, it does not prevent fraud. It just makes it harder for someone t...
by Rob5TCP
Sun Jul 17, 2016 5:37 pm
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5098

Re: Mother was victim of online virus scam - How can she recover the money she paid?

How could the bad guy remotely install something without knowing the computer address or whatever it's called :shock: for her computer? In other words, didn't the virus or the ability to improperly access her computer come first, then the credit card problems? Just trying to understand this techie ...
by Rob5TCP
Sun Jul 17, 2016 12:18 pm
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5098

Re: Mother was victim of online virus scam - How can she recover the money she paid?

I'm curious. Why did the thieves steal only $299? Is that important limit for something. It sounds like they could have charged anything, especially since mom authorized. Too much and people will hang up; so $299 many will pay (also they will reduce if people complain). If they tell you $299 and th...
by Rob5TCP
Sat Jul 16, 2016 1:19 pm
Forum: Personal Consumer Issues
Topic: What's up with 4K tv? Should I buy one?
Replies: 101
Views: 6252

Re: What's up with 4K tv? Should I buy one?

It's no longer twice the price unless you go with some of the top end. Here are a couple that are about $100-$150 more than 1080 http://www.bestbuy.com/site/lg-49-class-48-7-diag--led-2160p-smart-4k-ultra-hd-tv-black/4973301.p?id=bb4973301&skuId=4973301 http://www.bestbuy.com/site/vizio-50-class...
by Rob5TCP
Sat Jul 16, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Meeting w/ Mom's F.A. and prep for her retirement - Please help!
Replies: 23
Views: 2042

Re: Meeting w/ Mom's F.A. and prep for her retirement - Please help!

For the 9 year 1.1% CD - find the EWP. Even a year of interest is only 1%. If this is in an IRA you can get 3% on a 7 year. Even a 2 year EWP penalty (2.2%) would probably be worth it. How long the 3% at Andrews C.U. will be available is unknown. Other options include several 5 year CD's at around 2...
by Rob5TCP
Fri Jul 15, 2016 6:41 pm
Forum: Investing - Theory, News & General
Topic: 5-year CD rate
Replies: 9
Views: 1327

Re: 5-year CD rate

A 3% 7 year is a much better value than a 5 year 2%.
Those last two years; your CD would have to earn over 5% each year to make up the difference.
Whenever it's offered, I jump at the 3%.
Especially if the EWP is reasonable.
by Rob5TCP
Fri Jul 15, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 5372

Re: I created dependency, now what?

This is very much a personal decision. How much satisfaction do you derive by helping a family meet at least a minimal standard of living? How attached are you to the family? Though no where on your scale, in my 20's/30's I supported through Save the children Foundation a family in a third world nat...
by Rob5TCP
Wed Jul 13, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 5253

Re: Do you tip Uber drivers?

Uber cuts the fares 15% in NY and discourages tips. The drivers are fighting to get tips as a line on the entry form - so people will tip. At one time Uber drivers were making a good rate; that has changed dramatically as Uber has lowered fares twice. As for a sign saying tips appreciated - I would ...
by Rob5TCP
Tue Jul 12, 2016 10:19 pm
Forum: Personal Consumer Issues
Topic: What should I tip the limo driver?
Replies: 25
Views: 2034

Re: What should I tip the limo driver?

Wow your prices are high. We took a stretch limo to Atlantic City from NYC and back plus 3 hours down there and we paid about $500 plus $100 tip (and he threw in a couple bottles of champagne). Now, we did it on a Monday Monday night; maybe that accounts for some of the difference. Maybe you can neg...
by Rob5TCP
Sun Jul 10, 2016 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in gold
Replies: 60
Views: 2084

Re: Investing in gold

If I were to hold gold, it would be actual gold coins. Smaller denominations than gold bars. And I would be aware of securing it somewhere safe besides a bank safety deposit box. If you never need to spend it, it makes for interesting inheritance :) Call me paranoid or not, I don't trust gold ETFs ...
by Rob5TCP
Thu Jul 07, 2016 11:34 pm
Forum: Personal Consumer Issues
Topic: Power surge protector for tv, soundbar??
Replies: 30
Views: 1715

Re: Power surge protector for tv, soundbar??

Surge protectors are useless if you have you have power outages. Only a UPS helps with a power outage. Not so. There are often surges associated with the loss and restoration of power. A surge protector will stop these feeding through to your equipment. Your partially correct; there can be a surge ...
by Rob5TCP
Thu Jul 07, 2016 10:38 pm
Forum: Personal Consumer Issues
Topic: Power surge protector for tv, soundbar??
Replies: 30
Views: 1715

Re: Power surge protector for tv, soundbar??

Surge protectors are useless if you have you have power outages. Only a UPS helps with a power outage.
For the cheap money involved, I put a surge on all my better equipment (and UPS on my computers).
by Rob5TCP
Thu Jul 07, 2016 8:55 pm
Forum: Personal Consumer Issues
Topic: Power surge protector for tv, soundbar??
Replies: 30
Views: 1715

Re: Power surge protector for tv, soundbar??

A "reasonable" surge protector is cheap protection for $25-$35 It's not worth going crazy to investigate (unless you have mission critical equipment). For my computers, i can afford minimal down time. I have surge protector and a UPS to protect. (with multiple brown outs; two blackouts and...
by Rob5TCP
Thu Jul 07, 2016 4:56 pm
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 118
Views: 6381

Re: What is your overall portfolio weighted expense ratio

.18% combined:
Wellington is my largest, followed by total stock market and total international stock market.
Add in Energy, Health care and a commodity fund; the combined expense ratio is .18%

That is more than a full percentage point less than 10 years ago.
by Rob5TCP
Thu Jul 07, 2016 4:11 pm
Forum: Personal Consumer Issues
Topic: Power surge protector for tv, soundbar??
Replies: 30
Views: 1715

Re: Power surge protector for tv, soundbar??

A surge protector is for more than just lightning strikes. You get smaller surges all the time. Most appliances today can take a fair amount of small surges, however over time it does add up. I look for a few things in a surge protector; let though voltage - no more than 400V max, preferable 330v re...
by Rob5TCP
Thu Jul 07, 2016 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Group Set Inflow Record in First Half of 2016
Replies: 1
Views: 431

Re: Vanguard Group Set Inflow Record in First Half of 2016

Vanguard has been setting record inflows for awhile now. They are #1 for a reason.
by Rob5TCP
Thu Jul 07, 2016 2:31 pm
Forum: Personal Consumer Issues
Topic: Ransomware Attack
Replies: 17
Views: 2072

Re: Ransomware Attack

As an added precaution I would install Malwarebytes and run a complete scan. It wouldn't be a bad idea to keep the Malwarebytes and periodically scan with it. It's a great second line of defense.
by Rob5TCP
Wed Jul 06, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: "What Is the Cost of Financial Independence?"
Replies: 3
Views: 1284

Re: "What Is the Cost of Financial Independence?"

Thanks for the article - I find his postings usually quite useful (or at least interesting)
by Rob5TCP
Tue Jul 05, 2016 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Social security loss if retiring early
Replies: 28
Views: 2442

Re: Social security loss if retiring early

On a percentage basis you are losing about 20% of your benefits.
Put another way; by waiting you would be getting 25% more
($1950 * 1.25 = $2437).

For some that would be significant.
And it future years it would be inflation adjusted (especially if inflation comes back in a big way).
by Rob5TCP
Mon Jul 04, 2016 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Why is everyone everywhere saying to buy gold?
Replies: 61
Views: 4792

Re: Why is everyone everywhere saying to buy gold?

A better question is why is everyone looking to sell you gold? All the channels that push gold seem to have an incentive to get you to buy -- either from advertisers or selling gold directly. As for gold sellers -- here is one famous gold seller and what he makes from selling gold: Spread: The sprea...
by Rob5TCP
Sat Jul 02, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: What am I not understanding?
Replies: 45
Views: 3821

Re: What am I not understanding?

Kababayan wrote: I wanted to take all emotion out of investing so I strictly looked at the historical rate of returns. I chose to take much of my money out of the 2040 Target Fund (5.89% return, .16 Expense ratio) and put it in other funds that have stronger return numbers, such as the REIT (VGSIX ...
by Rob5TCP
Tue Jun 28, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Help with credit card application
Replies: 1
Views: 188

Re: Help with credit card application

I don't remember either checking my employment the credit score is #1. If they did, there was no follow up since they would have to call me (I'm self employed). If your score is good; you should be fine. Put retired. Plenty of retired people get new credit cards every year. For income, what do you s...
by Rob5TCP
Mon Jun 27, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Stolen account numbers/SSN/etc
Replies: 34
Views: 3246

Re: Stolen account numbers/SSN/etc

Why would he inform his parents. This is a total betrayal of trust. But, why not just go ahead and commit massive fraud on this account. Why give warning so his parents can close his accounts and setup new numbers. Is it even possible that the student's email was hacked and this is from the hacker. ...
by Rob5TCP
Mon Jun 27, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: Intermediate Term CD Strategy After Brexit
Replies: 8
Views: 1218

Re: Intermediate Term CD Strategy After Brexit

From Andrews Federal Credit union
on IRA's/Roths only
84 months 3.0%
https://www.andrewsfcu.org/personal/che ... cates.html
by Rob5TCP
Sun Jun 26, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Andrews Federal Credit Union / share certificates in general
Replies: 8
Views: 540

Re: Andrews Federal Credit Union / share certificates in general

Make separate transfers several days apart and don't setup a new transfer until the prior one is in a certificate. With my transfer a couple of months ago: my check was lost in the mail so I made a transfer from Ally. I stopped the check and asked Andrews to return rather than deposit it. Of course ...
by Rob5TCP
Sun Jun 26, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Move $ from 401K to Roth
Replies: 6
Views: 595

Re: Move $ from 401K to Roth

When I hit 59 1/2 I intend to begin calculating whether converting my SEP IRA to Roth and take the hit when income then; makes sense. NY State allows 20k per year from an IRA tax free; so I only need consider the Federal Tax rate. In years that business is better, I will forego. In lesser years I wi...
by Rob5TCP
Sun Jun 26, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: Intermediate Term CD Strategy After Brexit
Replies: 8
Views: 1218

Re: Intermediate Term CD Strategy After Brexit

No one knows - but you can get up to 3% on 7 year Cd's and 2-2.25% on 5 year.
Could we have a spike in a year or two - that's unknown.
Find a bank with a relatively low EWP and go for their highest rate (usually year CD or longer).
by Rob5TCP
Sat Jun 25, 2016 1:43 pm
Forum: Investing - Theory, News & General
Topic: Brexit - article/source request - please
Replies: 31
Views: 1767

Re: Brexit - article/source request - please

Regrexit -- now a lot of people that did vote leave are having regrets;
there is a campaign with 2 million plus signatures for a re-vote.
Over 100,000 signatures requires parliament to debate it.

http://www.cnn.com/2016/06/25/politics/ ... index.html
by Rob5TCP
Sat Jun 25, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Brexit - article/source request - please
Replies: 31
Views: 1767

Re: Brexit - article/source request - please

This one from Vanguard is a good article to start with:
https://personal.vanguard.com/us/insigh ... t-l-062016
by Rob5TCP
Fri Jun 24, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: What price is reasonable in U.S. for two crowns?
Replies: 22
Views: 2172

Re: What price is reasonable in U.S. for two crowns?

For one crown in the back I was quoted $1850.
(this is midtown NYC which is quite high - even cavities are $300 each).
by Rob5TCP
Fri Jun 24, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Aren't VTIAX and VXUS supposed to be "the same"?
Replies: 8
Views: 540

Re: Aren't VTIAX and VXUS supposed to be "the same"?

The mutual fund reflects yesterday's closing price. Check the price tonight and then compare.
ETF's change constantly
by Rob5TCP
Thu Jun 23, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: How to think about short tern CD vs Prime MM
Replies: 10
Views: 574

Re: How to think about short tern CD vs Prime MM

I've had an account at Synchrony for about a year. The only problem i've had was when they upgraded their website last week.
Transfer have been fine and as was mentioned they are FDIC insured. I also use Ally Bank.
by Rob5TCP
Wed Jun 22, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Synchrony bank upgrade
Replies: 32
Views: 3582

Re: Synchrony bank upgrade

I just received a notice that Synchrony is relaxing some of their passwords requirements (as well as website "enhancements") One which is; it now allows two numbers in a row (which is an absurd restriction to begin with) Important update from Synchrony Bank. At Synchrony Bank, it's our goa...
by Rob5TCP
Sat Jun 18, 2016 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 182
Views: 29394

Re: Liking the new Citi CC at Costco

HueyLD wrote:
Rob5TCP wrote:I've yet to receive my card from Citi. Time is running out.

Call 1-866-241-8684. This is a dedicated line for Costco/Amex customers.


Thanks for the number - told me to call on Monday.

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