Search found 955 matches

by awval999
Sun Mar 26, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing? 35, 2nd kid on the way
Replies: 11
Views: 1158

Re: How are we doing? 35, 2nd kid on the way

You didn't put down how much your HH income is, but if you just want a basic "you're doing good", I think you definitely have earned that. So, "you're doing good!". Some thoughts and musings: I wouldn't have that much cash. It's better to just pay off the low rate student loans t...
by awval999
Thu Mar 23, 2017 6:28 am
Forum: Investing - Theory, News & General
Topic: T+2 settlement cycle
Replies: 5
Views: 349

Re: T+2 settlement cycle

I'm always surprised at how universally antiquated the settlement system is. Apparently it wasn't until October 2014 that any country did settlements faster than T+3. I don't really understand what settlement even means. How can day traders trade if nothing has settled? And if you trade on things t...
by awval999
Wed Mar 22, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Another student loans question
Replies: 13
Views: 882

Re: Another student loans question

I would see if you can get LPMI instead of traditional PMI. LPMI pretty much is just a 0.25% higher interest rate over the life of the loan. But in your case, the higher interest rate will be deductible (as long as you itemize) and in addition, the higher interest rate will still be less than your l...
by awval999
Tue Mar 21, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4576

Re: Any downside in buying a brand new house ?

Agree with all the posts so far. I think the main risk / downside with building is the cost premium from the fact that it's new. Unless you're in an area with rapidly appreciating home property values, there's a good chance that you will need to sell lower than you bought it for - new buyers near y...
by awval999
Wed Mar 15, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: House buying guidance with current finances
Replies: 30
Views: 2811

Re: House buying guidance with current finances

You were told in 2015 to get term life insurance in your first post here. It's 2017, you still need term life insurance. You have 3 children and SAHM, this is really a full stop, do not pass go, do not collect $200, do not do anything else financial related until you get $1-2MM in a 20 year term lif...
by awval999
Fri Mar 10, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2269

Re: can you recommend good tires

The highest ranked all-season tires in no particular order are:

Michelin Premier A/S (I have these)
Pirelli Cinturato P7 All Season Plus
Continental ContiProContact

https://www.tirerack.com/tires/surveyre ... ?type=GTAS

Do note however, that these tires are expensive.
by awval999
Thu Mar 09, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 3870

Re: Are we ready to buy a house? What should our price range be?

I do want to make a point that you are not accounting for the increase in your take home income after buying a house. You probably are already butting against the standard deduction just by state income taxes. But when you add in the mortgage interest and the large property taxes your taxable income...
by awval999
Wed Mar 08, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 2764

Re: Multiple job offers

Perhaps I'm old fashioned, but once I accept an offer I stick to it. All would be different if you were still in negotiation. Hermosa Surfer So what would be an appropriate time to change jobs then? 90 days? 180 days? Because surely you aren't saying you have to stick to the same job/company for li...
by awval999
Wed Mar 08, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 2764

Re: Multiple job offers

I would stay with job A. If it does not work out somehow, you can always approach company B. OTOH, if you go back on your word, you will have burned the bridge to company A. Also, since these companies are both in the same industry, it is likely that the some of the executives in both companies kno...
by awval999
Tue Mar 07, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: Buying a rental car.. Any new experience?
Replies: 76
Views: 4503

Re: Buying a rental car.. Any new experience?

Oh what I did to that rental Camaro convertible in Hawaii...

I wouldn't buy a convertible, or any sort of "leisure" car.
by awval999
Sat Mar 04, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5101

Re: Windfall: should we pay cash for ~$1.3M home?

I live in (one of) the most expensive suburb of Cleveland. Yes, it's cold right now, but.... Our 3/2 1300 sqft is worth $200k+. Which if you ask around is asinine. And why would you buy there? So expensive. Blah, blah. On a whim I looked at similar houses in Palo Alto, Redwood City, et al. I literal...
by awval999
Sat Mar 04, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5101

Re: Windfall: should we pay cash for ~$1.3M home?

You just boosted your investable savings to about where they should be. Take out 20% for a down payment if you must and no more. Keep PITI to no more than 40% of gross income unless you have enough discretionary spending which can be pared back. You think a mid-30's couple should have a 1.3MM savin...
by awval999
Fri Mar 03, 2017 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11099

Re: What are the big things to get right?

This is from the perspective of a millennial. But there's some of us here. Here's my personal pet peeve: I purchase my lunch from the hospital cafeteria every day. It's $5-7/day. Let's call it $6. I enjoy hot food. I enjoy the diverse choices at the cafeteria. I don't enjoy lugging around a lunch b...
by awval999
Fri Mar 03, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 3276

Re: Ever dip your feet into individual stocks?

Yes, with play money only.

I just bought a bit of TGT after the big drop.
by awval999
Tue Feb 28, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Explanation Needed from "How to Think about Money"
Replies: 9
Views: 1054

Re: Explanation Needed from "How to Think about Money"

Example: Buying junk bonds for higher yield instead of high-quality corporate or government bonds. Higher yield with junk bonds, but much higher risk.
by awval999
Mon Feb 27, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan fixed vs variable
Replies: 3
Views: 207

Re: Student Loan fixed vs variable

10 year is too long for variable.

I would do fixed.
by awval999
Mon Feb 27, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs student loans
Replies: 32
Views: 1266

Re: Mortgage vs student loans

I'm about to finish residency and will increase my salary to around 200k/year. I'm buying a house (320k total with 20% down). 15 year fixed at 3.75% I know it seems like the obvious choice is the 15 year fixed but I can't afford that monthly payment as well as ~2K/month on student loans (10 year pa...
by awval999
Sun Feb 26, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs student loans
Replies: 32
Views: 1266

Re: Mortgage vs student loans

30 year fixed. The interest is deductible.

Pay off your student loans. You make too much to deduct the interest. And it's capped anyway at a paltry $2500/year.
by awval999
Sun Feb 26, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Feline Achilles' tendon injury
Replies: 20
Views: 1136

Re: Feline Achilles' tendon injury

There is not going to bed an agreed upon answer to "how sensible is it to spend $1200 on pet's medical care". You will get two very strong opinions: 1. I would never spend that much money. They are just a pet. 2. I would mortgage everything I owned and everything I could ever borrow, my p...
by awval999
Sun Feb 26, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Feline Achilles' tendon injury
Replies: 20
Views: 1136

Re: Feline Achilles' tendon injury

There is not going to bed an agreed upon answer to "how sensible is it to spend $1200 on pet's medical care". You will get two very strong opinions: 1. I would never spend that much money. They are just a pet. 2. I would mortgage everything I owned and everything I could ever borrow, my pe...
by awval999
Fri Feb 24, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 3992

Re: Purchasing a new house -- Are we being stupid to consider it?

I think you are doing fantastic especially your retirement accounts.

I think a near $1MM home with a corresponding ~$900k mortgage is pushing it on $190k income though.
by awval999
Wed Feb 22, 2017 6:28 am
Forum: Personal Consumer Issues
Topic: How to stop AMEX card offers being mailed to me?
Replies: 11
Views: 997

Re: How to stop AMEX card offers being mailed to me?

Oh you have the 100,000 MR Platinum offer! Many people in the points/miles credit card hobby are very jealous of you. Do you travel at all? It's a very enticing offer. Honestly. Haha. Yeah I realize it is worth at least $550 on paper, but I don't think I can (sensibly) charge enough fast enough. Pl...
by awval999
Tue Feb 21, 2017 7:03 pm
Forum: Personal Consumer Issues
Topic: How to stop AMEX card offers being mailed to me?
Replies: 11
Views: 997

Re: How to stop AMEX card offers being mailed to me?

Oh you have the 100,000 MR Platinum offer!

Many people in the points/miles credit card hobby are very jealous of you.

Do you travel at all? It's a very enticing offer. Honestly.
by awval999
Tue Feb 21, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11099

Re: What are the big things to get right?

This is from the perspective of a millennial. But there's some of us here. Here's my personal pet peeve: I purchase my lunch from the hospital cafeteria every day. It's $5-7/day. Let's call it $6. I enjoy hot food. I enjoy the diverse choices at the cafeteria. I don't enjoy lugging around a lunch bo...
by awval999
Tue Feb 21, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Refinance a student loan
Replies: 1
Views: 146

Re: Refinance a student loan

You'll have to apply for a couple lenders and compare.

SoFi. Common Bond. Citizen's bank.
by awval999
Sun Feb 19, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: US debt approaching $20 Trillion
Replies: 18
Views: 1221

Re: US debt approaching $20 Trillion

Why I'm sure this isn't financially "correct" I always look at it like this: The 2016 GDP of the USA was $18.56 trillion (2016, Nominal) So our debt as a country is approximately 1x GDP. Think of it like household income (and I know there's many reasons why this isn't correct but just bare...
by awval999
Sun Feb 19, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing an amended tax return?
Replies: 18
Views: 1290

Re: Is it worth filing an amended tax return?

No way I would file a 1040x because I overstated my tax liability by 18 dollars.
by awval999
Mon Feb 13, 2017 7:19 pm
Forum: Personal Consumer Issues
Topic: Windshield repair gone wrong....
Replies: 19
Views: 2291

Re: Windshield repair gone wrong....

They are offering to replace the windshield. I don't really know what else they could do to make this right.

Yeah, it's an unfortunate set of circumstances, but that's life.

Replace.
by awval999
Sat Feb 11, 2017 9:15 am
Forum: Personal Consumer Issues
Topic: Convince Wife for Honda Odyssey
Replies: 48
Views: 2778

Re: Convince Wife for Honda Odyssey

I really, really wouldn't press on this issue as your wife is a new mother, just having been pregnant for 9 months and delivering a baby. Honestly, she probably doesn't want a minivan because she sees her youth fading and doesn't want to be a stereotypical "soccer mom". I personally feel t...
by awval999
Sat Feb 11, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Financing a $20k remodel though Lowe's vs credit card with air miles
Replies: 5
Views: 624

Re: Financing a $20k remodel though Lowe's vs credit card with air miles

It's going to be much better deal to use the Lowe's card / military discount than earning a paltry 19,000 AAdvantage miles, UNLESS, you want to open up a bunch of cards to meet the sign-up bonuses on. For example you could probably hit 5-6 credit card minimum spends and earn hundreds of thousands of...
by awval999
Thu Feb 09, 2017 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 9753

Re: Advice for a soon-to-be MLB draftee

I don't think you need both 500 Index and total market.
Either match the 500 Index with the Completion index or just do Total Stock Market

For simplicity I would just do:
Fidelity Total Market Index Fund
One Fidelity's International Index (looks like they have 3)
And Total Bond
by awval999
Wed Jan 25, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 20
Views: 1909

Re: Why is Vanguard not answering the phone

I don't know why we continue to have these posts on this forum. Vanguard clearly is a no-frills brokerage. There is very little hand-holding. Basic customer service. This is why they have industry low expense ratios. If you want all bells and whistles there are many brokerages that will accommodate ...
by awval999
Mon Jan 23, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Where to get $100k for home remodel?
Replies: 34
Views: 3782

Re: Where to get $100k for home remodel?

It's laughable that people think you cannot "afford" the remodel because the money is in taxable, whereas if it was in a savings account they wouldn't see it as a problem. As long as you are "on track" for retirement there's nothing wrong with overstuffing taxable and then removi...
by awval999
Wed Jan 18, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does pharmacy school ranking matter?
Replies: 42
Views: 4160

Re: Does pharmacy school ranking matter?

Hospital pharmacist here on the residency committee. 1. Exclude any school that has opened after the year 2000. 2. Of the remainder pick the school that will allow your son to graduate with the least amount of student loans. Make sure he realizes that retail pharmacy is soul crushing and the only wa...
by awval999
Fri Jan 13, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: what local pharmacy?
Replies: 57
Views: 3343

Re: what local pharmacy?

I'm a pharmacist, albeit a hospital pharmacist. But familiar with how community pharmacy is ran. It's all different and very dependent on market. You can have a very well ran Walgreens in one district and one that's a dumpster fire in the other. You can have a very well trained pharmacist in one and...
by awval999
Thu Jan 12, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 10047

Re: How much do you typically spend in a restaurant?

Husband/wife no children yet. Typically $55 including tip. 90% range $45-$60 including tip. Average eat out once or twice a week. Let's say 6 times/month. Nearly always on Thurs/Fri/Sat night. Typically two (occasionally I'll get a 2nd drink for a total of 3) alcoholic drinks and two entrees OR two ...
by awval999
Sat Jan 07, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: Bedroom is colder than rest of house. Radiator heating question.
Replies: 70
Views: 3440

Re: Bedroom is colder than rest of house. Radiator heating question.

I think you're really overthinking this. Spending thousands to fix a heating issue in one room?

Get a silent electric radiator heater. They are safe. No forced air fan that keeps you up while you sleep.
by awval999
Thu Dec 29, 2016 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a married child with first home
Replies: 56
Views: 4096

Re: Helping a married child with first home

I think what would be needed would be some sort of post-nuptial agreement between your daughter and her husband. Let's say house is $1 million. You give $300,000 to the daughter for downpayment, etc. The post-nuptial agreement would say something along the lines of, upon divorce, the family home's e...
by awval999
Thu Dec 29, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Benefit of Getting More $$ even at Highest Tax Bracket (Special Situation)
Replies: 5
Views: 448

Re: Benefit of Getting More $$ even at Highest Tax Bracket (Special Situation)

I have heard this too, and generally it is not rational. You still come out ahead. But someone might just decide that the extra dollars are not worth the cost of missing out on relaxing for a bit or taking a vacation . It's this. I stop picking up OT when I max out my 15% MFJ taxable income bracket.
by awval999
Tue Dec 27, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 13170

Re: I'll never save a 20% down payment. Rent for life?

It is what it is. Since you took the time to write this post I am sure you don't plan on raising your two children in a two bedroom apartment. I personally wouldn't tap retirement saving to increase your downpayment. If you have the 5% already then I would just take a higher interest rate (LPMI inst...
by awval999
Mon Dec 26, 2016 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Will index funds suffer if U.S. has Japan-like recession?
Replies: 10
Views: 867

Re: Will index funds suffer if U.S. has Japan-like recession?

Yes, index funds will suffer is the US has a Japan-like recession.

And we cannot assume that the US stock market will continue to rise over the future.
by awval999
Tue Dec 20, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Cutting the cord in NYC, but I love my channels
Replies: 18
Views: 961

Re: Cutting the cord in NYC, but I love my channels

I think this whole cord cutting thing in overblown. $135/month? For all that entertainment? Sounds like a deal to me.
by awval999
Tue Dec 13, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Lender-paid PMI or borrower paid-mortgage insurance?
Replies: 6
Views: 475

Re: Lender-paid PMI or borrower paid-mortgage insurance?

I had a very similar offer 2 years ago.

I went with LPMI.

I didn't do you your math--- but when I did my math, it would take like 15 years for the regular PMI to make it worth it, by paying only the normal payments.
by awval999
Wed Dec 07, 2016 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?
Replies: 15
Views: 1109

Re: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?

There's no need to transfer---

You can book nights back to back.

For example, 3 nights out of your account. And then 3 subsequent nights out of her account. Just tell them at check in. They won't make you change rooms or anything.
by awval999
Mon Nov 28, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Disputing fat hospital bill?
Replies: 33
Views: 3551

Re: Disputing fat hospital bill?

Are you sure this isn't just your deductible or co-insurance portion? Typically how medical insurance works is that they charge some asinine amount, the insurance company says no, here are our negotiated rates, and then you pay the co-insurance. Example: Hospital bills $28513, Insurance company says...
by awval999
Sun Nov 20, 2016 8:44 am
Forum: Personal Consumer Issues
Topic: Michelin Premier AS, anyone have them?
Replies: 13
Views: 1291

Re: Michelin Premier AS, anyone have them?

I have them on my 2012 Honda Civic.

I purchased them a regional tire shop.

They are fine. They are tires. But they worked well last winter so I have no complaints.
by awval999
Sun Nov 06, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Car Insurance - Add/Remove Options
Replies: 19
Views: 1374

Re: Car Insurance - Add/Remove Options

You have no where near enough coverage. Specifically, your property damage is too low, your liability is too low and your un/under-insured motorist coverage is too low. You're being penny wise pound foolish with your liability limits. If you want to lower the premium just drop full coverage or raise...
by awval999
Mon Oct 31, 2016 5:18 pm
Forum: Personal Consumer Issues
Topic: Another Repair or Replace Car Thread
Replies: 27
Views: 1820

Re: Another Repair or Replace Car Thread

$60/tires?

Not for anything I'd recommend the OP drive on.

I would personally get a new car. 200,000 is enough. I wouldn't want to keep throwing money into something like that.

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