Search found 487 matches

by anoop
Sun Jan 21, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 114
Views: 13376

Re: GE and the myth of "safe blue-chip stocks"

Have noticed presently, the relatively few apparently good value positions are those with serious clouds/doubts hanging over them! This might be telling us more about markets than companies ? Those are the ones where the risks have already manifested to the downside. The others flying high also hav...
by anoop
Sun Jan 21, 2018 2:46 am
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 22
Views: 2175

Re: Pros and Cons of High Rise Condos for retired couple

These are some concerns I would have about living in a high rise. How much are the HOA dues? Luxury condos can have HOA dues that rival and go up like rents for cheap apartments. This is perhaps my biggest concern. How is the noise, both from neighbors and from traffic/ambulances? Many condos don't ...
by anoop
Sun Jan 21, 2018 2:05 am
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 123
Views: 5578

Re: Fear of dying with too much money?

Nothing wrong with dying with too much money. We came with nothing, and money is just there to help us enjoy. If we get attached to it (or what should happen to it after we die) then we will be unhappy. I'm completely over that. And I'm single and it is very likely I will die single.
by anoop
Mon Jan 15, 2018 3:31 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4460

Re: Almost a pathological fear of debt, to my detriment?

This is such a strange thread. Clearly debt has its uses. Imagine if all future doctors spent the first 60 years of their lives working at McDonald's to save up enough money for Med School. There's also clearly bad uses of debt. You just have to evaluate the pros/cons and decide for yourself when i...
by anoop
Mon Jan 15, 2018 2:54 am
Forum: Personal Finance (Not Investing)
Topic: How long do you save tax returns?
Replies: 39
Views: 3162

Re: How long do you save tax returns?

I've held on to all my returns all the way back to my first one in 1993.

I used to hold on to much more stuff -- bank statements, etc. Now I just hold a rolling 1 years worth of such statements.
by anoop
Mon Jan 15, 2018 2:43 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4460

Re: Almost a pathological fear of debt, to my detriment?

If you're not comfortable with debt then stay away from it. I'm the same way. It may not be the most financially savvy move, but I think it's better to chill and do better at my job (and possibly earn more that way) then have worries like debt on mind all the time. I gave up $750 in incentives becau...
by anoop
Mon Jan 15, 2018 2:36 am
Forum: Investing - Help with Personal Investments
Topic: how to figure out the assest allocation that you can sleep well with
Replies: 22
Views: 1875

Re: how to figure out the assest allocation that you can sleep well with

I'm 100% fixed income and constantly have to battle my greed/fear and advice from friends. I do sleep well, though. :) I went through a questionnaire recently and picked the most conservative answers and it suggested 20% stock, 50% bond, 30% cash. But I am not planning to make any changes to my allo...
by anoop
Sat Jan 13, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

A couple decades ago I set her IRA up at Vanguard. For years I took care of it for her. A few years back she started to not trust me and has been going it solo. She calls my wife and complains about her Vanguard account and hoe she lost money back in 2009. Haha... did you get her approval on the IP...
by anoop
Sat Jan 13, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

My credit union is not super competitive with savings and CD rates, but multiple accounts and multiple financial institutions drive me (and the husband) up a wall. So we keep it simple -- one CU and one brokerage. I'll just take my 1% interest and meander on my way.... I admire you both for choosin...
by anoop
Sat Jan 13, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

I haven't compared Vanguard to Fidelity on fixed income or anything....not sure. Why do banks bother? The question that I ask is where can I get the best rates...after taxes. You probably saw this discussion on Brokered CDs; I've never bought one because I found better deals at credit unions. https...
by anoop
Sat Jan 13, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

it took me a long time to get my parents out of their .01% B&M account and into at least Ally. Very hard for them to understand the concept that the B&M bank was making a killing off of them. Their IRAs are still trapped in crappy CDs from the same bank. In my opinion these banks take advantage of ...
by anoop
Sat Jan 13, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

Prior to the financial crisis, I remember my CU and big banks offering long term CDs (5 year) that were at least competitive with the rate offered by online savings accounts. After the crisis, they dropped the rates to abysmal levels and they have not moved at all despite all the recent fed rate inc...
by anoop
Sat Jan 13, 2018 1:36 am
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

In the absence of the Internet and being able to shop for the best rates, we wouldn't even know we were being taken for a ride by the bank. It's almost like you have to be on top of things all the time checking rates. I am trying to simplify my accounts -- I currently bank with 5 financial institut...
by anoop
Fri Jan 12, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 8034

Re: Goodbye Capital One 360!!

Abe wrote:
Fri Jan 05, 2018 1:45 pm
Vanguard Municipal Money Market Fund VMSXX is at 1.39%

Vanguard Prime Money Market Fund VMMXX is at 1.38%
Those are pretty good yields!
by anoop
Thu Jan 11, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

A thought just occurred to me -- some banks want to steer people to their wealth management arms by offering lousy CD rates. They are OK with losing some business to online banks. And if an occasional sucker falls for it, then it's free money for them. I started this thread because I felt it's almos...
by anoop
Thu Jan 11, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

New issues for non-callable at 2.668 / 2.682...... 2.650 01-18-2023 N/A DISCOVER BANK (DE) 5 year, Non Callable CUSIP: 254673LE4 100.000 2.668 2.668 901/1 Buy Primary 01/17/2018 01/18/2018 2.650 01-19-2023 N/A WELLS FARGO BANK NA (SD) 5 year, Non Callable CUSIP: 949763MT0 100.000 2.682 2.682 1,535/...
by anoop
Thu Jan 11, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

Re: why do banks bother offering lousy CD rates?

In the absence of the Internet and being able to shop for the best rates, we wouldn't even know we were being taken for a ride by the bank. It's almost like you have to be on top of things all the time checking rates. I am trying to simplify my accounts -- I currently bank with 5 financial instituti...
by anoop
Thu Jan 11, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4688

why do banks bother offering lousy CD rates?

I am still seeing big banks offering 5 year CDs at < 1% and 1 year CDs at < 0.1%! The rate on a savings account is typically < 0.1%. Why do they even bother offering such products and who is buying them? You can now get 10x that return on treasuries and those are free of state tax to boot. Some bank...
by anoop
Wed Jan 10, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds and New Tax Law -- any changes?
Replies: 19
Views: 1784

Re: I Bonds and New Tax Law -- any changes?

4. They can be used tax-free for qualifying educational expenses. This last one is often overlooked. I'm using my ibonds to pay for our child's tuition in 10 years in lieu of a 529. Even with cashing them in a few years early, it makes more sense than a 529 since I would be paying income tax otherw...
by anoop
Wed Jan 10, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25938

Re: Anyone tired of the stock market going up?

My portfolio generates about the same income from interest and dividends all the time (and maybe goes up gradually) regardless of the market value of the underlying securities. That's what the portfolio is for, generating income. So I rationalize that I can happily ignore the market, up or down. Ed...
by anoop
Tue Jan 09, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 71
Views: 6725

Re: New mattress

I recently got one of these. It's working OK.
http://somniumbeds.com/
It is unique in that it uses plastic springs instead of metal ones.
by anoop
Tue Jan 09, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 290
Views: 25938

Re: Anyone tired of the stock market going up?

This stock market is wearing me out! :mrgreen: It’s only the second week of the year and the S&P might be up 5% by closing. This is exhausting. I’m getting tired of winning Indeed! The DOW broke 25,000, for the first time ever, only 5 days ago, and it's already up 400 points! 26,000+ end of January...
by anoop
Sun Jan 07, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6677

Re: Life at a crossroad: seeking advice

The monotony is an issue but by itself should not cause stress. Less pay does not mean less politics and stress. Many people that work for non profits and in academia find this out the hard way. So while you may need to find something more interesting, I would try to get rid of the mindset “you got ...
by anoop
Sun Jan 07, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6677

Re: Life at a crossroad: seeking advice

If you are prepared to quit now, you are in a position of strength. So why not try to negotiate terms with your current employer that are more favorable and make things less stressful. For example, you say working overtime is a compulsion. So you could refuse to do it and see what happens. If you ar...
by anoop
Sun Jan 07, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Throw away turbo tax disk?
Replies: 17
Views: 2768

Re: Throw away turbo tax disk?

Glad to find this thread.

As a part of decluttering, I'm planning to discard some old TT disks. I think I will just keep the last 3 years and discard everything else. I have disks going back to 2004!
by anoop
Tue Jan 02, 2018 1:13 am
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

RetiredCSProf wrote:
Tue Jan 02, 2018 12:15 am
not sure if I will redeem them or convert to I bonds.
Is there some special "conversion" that is available? I thought after 30 years you have to redeem and pay tax (esp if electronic, not sure if one can defer taxes by holding on to paper at 0%).
by anoop
Tue Dec 12, 2017 2:03 am
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

Sorry, I believe it is your mistake. Reread the info you linked to. The inflation rate in the equation is the six month inflation rate. That is why it is doubled. The composite rate is determined for a six month period but is calculated on an annualized basis. And why net of taxes, I bonds lose to ...
by anoop
Sun Dec 10, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

Sorry, I believe it is your mistake. Reread the info you linked to. The inflation rate in the equation is the six month inflation rate. That is why it is doubled. The composite rate is determined for a six month period but is calculated on an annualized basis. And why net of taxes, I bonds lose to ...
by anoop
Sun Dec 10, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

anoop, I don’t understand what you’re saying. why do you think I bonds pay double the rate of inflation? https://tipswatch.com/tracking-inflation-and-i-bonds/ Composite rate = [fixed rate + (2 x inflation rate) + (fixed rate x inflation rate)] If you missed that, you are making a mistake by assumin...
by anoop
Sun Dec 10, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

letsgobobby wrote:
Sun Dec 10, 2017 2:02 pm
I'm taxed on the fixed as well as the inflation component.
That's correct, but you're getting at least 2x the inflation (the fixed part would be in addition to that). It never goes down during deflation. There are no state taxes.

How does it end up losing to inflation?
by anoop
Sun Dec 10, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

letsgobobby wrote:
Sun Dec 10, 2017 10:07 am
I no longer buy I, since the real return net of taxes is likely to be negative.
How so? The interest paid is 2x the inflation rate.
https://tipswatch.com/tracking-inflation-and-i-bonds/
by anoop
Sun Dec 10, 2017 2:40 am
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5476

Re: Recommended places to live

http://www.health.com/health/gallery/0, ... 85,00.html

With 4 seasons, Raleigh, NC would fit the bill.

I would worry more about state taxes than about 4 seasons, though. :)
by anoop
Sun Dec 10, 2017 2:33 am
Forum: Investing - Help with Personal Investments
Topic: If you use EE Bonds, what did drive your decision
Replies: 41
Views: 2893

Re: If you use EE Bonds, what did drive your decision

I started buying only last year and this year because the rate offered is higher than even the 30 year T bond. I buy both I and E. If I had to buy one, I'd buy I. But buying both is a nice hedge. If inflation takes off, the I will do well. If there is deflation or very low inflation, the E will do w...
by anoop
Thu Dec 07, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 51
Views: 7017

Re: I-Bonds?

In the "good old days" when you could get fixed rates of 3.0 to 3.6%, you could buy $30,000 per SS#. AND, you could use a credit card to make your purchases. Yes indeed. Unfortunately, I caught on to these very late, ca. 2001, and I didn't even take advantage of the max purchase because I wasn't ea...
by anoop
Thu Dec 07, 2017 10:34 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 51
Views: 7017

Re: I-Bonds?

I-bonds are the best investment ever.

Read this blog to get more info:
https://tipswatch.com/tracking-inflation-and-i-bonds/
(see the bottom of the post on why they are great investment.)

I wish it was not limited to only $10K per year. And I wish my 401k offer TIPS (even a fund).
by anoop
Thu Dec 07, 2017 10:18 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 242
Views: 15648

Re: Do people still use AAA?

meebers wrote:
Thu Dec 07, 2017 9:22 pm
I subscribe to AAA, but have never used it in 6 years. It does give me a great discount on AAA homeowners and auto insurance though.
Not even to get discounts on hotels?
by anoop
Thu Dec 07, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5722

Re: What do Bogleheads say when they don't want to spend money?

I'm too cheap... :D

(Surprised no one said it before me!)
by anoop
Thu Dec 07, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 29
Views: 2731

Re: Call the Top!

9849.63
by anoop
Thu Dec 07, 2017 10:10 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8569

Re: Jack Bogle Is Worried About U.S. Pensions

That's what I would do if I had no other choice. You can live pretty well on a modest Social Security check in a number of countries that are fairly friendly to Americans. I think they will be forced to raise the age for receiving social security benefits to 70 or even 75--I just don't see any othe...
by anoop
Thu Dec 07, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8569

Re: Jack Bogle Is Worried About U.S. Pensions

It is not only true for pensions, but also for individual retirement accounts. In fact, it is a worst problem for them. We are going to see a lot of people forced to work a lot later in life that they thought. Low yields on bonds are a real killer. Except that they may not be employable... I think ...
by anoop
Sat Dec 02, 2017 8:43 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6949

Re: How to convince DW that high miles used car is OK

In my experience the good life of a car is up to 150k. After that a lot of minor things start going wrong and unless you cannot afford better one should probably not keep it. The only exceptions would be if you were the owner and/or you can work on the car yourself. Volvo is attempting to do with ca...
by anoop
Sat Dec 02, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 68
Views: 5576

Re: 2018 Goals - Financial or Otherwise

Learning to live in the moment.
by anoop
Sat Dec 02, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4790

Re: I Can "Afford" This Right? (New Car)

You can totally afford it, so go for it. It will cost a lot in maintenance, but based on your income/expenses you can still afford it. I assume you have looked at the costs for replacing tires and brakes. You’ll probably need new tires every 15000 miles. If there was any caution I had to state it wo...
by anoop
Sat Dec 02, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: Florida prepaid college plan. Dumb or undumb?
Replies: 33
Views: 11475

Re: Florida prepaid college plan. Dumb or undumb?

What if the kid cannot or does not want to go to state school in FL? Is the money lost?
by anoop
Sat Dec 02, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 10061

Re: Which crash have you seen it before it is coming?

I saw the real-estate bubble and avoided buying in early 2004. Instead waited till 2015 to buy! I knew when house prices were at the bottom because of Calculated Risk, but I couldn't buy then because I wasn't willing to move super quick -- buy a house unseen for cash, which is what was going on at t...
by anoop
Sat Dec 02, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Finalize backdoor Roth IRA
Replies: 1
Views: 197

Re: Finalize backdoor Roth IRA

This happens to me every year. You can convert that additional amount as well. They will send you a statement for that, and the 1099R will reflect the total amount converted.
by anoop
Sat Dec 02, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 8118

Re: The College Bubble - investment opportunities after the collapse?

I see a bubble in everything -- sickcare, housing, stocks, education, ... Unless there is some change in policy in Washington, I don't see any of this changing. Anything that is a necessity (sickcare, education, shelter) is inflating away. Anything consumable is having the quality engineered out of ...