Search found 392 matches

by boglerocks
Wed Aug 24, 2016 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

The risk actually comes from owning a house when your income is variable and can disappear. Again, I do not know how stable and lucrative your income is. For example a business setting up home theaters will dry up very quick in a recession. If you are a physician, you will always have work. Worst c...
by boglerocks
Tue Aug 23, 2016 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

The only item that bugs me about your situation is that your income fluctuates. If the fluctuation will always be temporary or short term, then it doesn't matter, but if the fluctuation is dependent on the market cycle, the last place you want to be is being forced to sell your investments at a maj...
by boglerocks
Tue Aug 23, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

Since I'm willing to liquidate investments in order to help make the monthly payments when my business income doesn't cover them, should I make the smallest down payment the bank will accept and not lose sleep over the size of the payments in order to keep as much cash and liquid investment on hand...
by boglerocks
Sun Aug 21, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

You may want to look into the rules on whether or not a mortgage after a cash purchase will qualify for deductible interest. I believe there is a time limit on qualifying as "acquisition cost" (with a $1MM max limit to qualify for tax deductible interest) vs. "home equity" ( wit...
by boglerocks
Sun Aug 21, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

CallMeOp, holding onto as much cash as possible would also be a safe move.

Gasdoc, how high did the fees get?
by boglerocks
Sat Aug 20, 2016 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

Is cash always the best way to pay if possible? Mathematically, cash is almost never the best way to pay, especially not at 3.5%. How important are the non-financial considerations to you? I'm starting to see it that way now. I'll plug the numbers into that New York Times calculator tomorrow but th...
by boglerocks
Sat Aug 20, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

The $2300 rent we pay now is for a 1 bedroom house and we were lucky to find such low rent. We need to move into a 2 or 3 bedroom house as our family is growing and we should expect to pay ~$4500 rent for that. Why not pay a mortgage instead of a landlord? As for a hard requirement to have $2.75M in...
by boglerocks
Sat Aug 20, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

I'm 35. No pensions but ~$150k in my IRAs. My rent right now is $2300 so I like the idea of keeping the payments around there, although maybe that's silly since there are property taxes, other new expenses, as well as tax deductions to consider. Real estate is very expensive here. A starter home is ...
by boglerocks
Sat Aug 20, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: When will a brokerage cancel buy orders?
Replies: 13
Views: 988

Re: When will a brokerage cancel buy orders?

I deposited $39k into the account maybe 6-9 months ago and now I would have almost $60k in there as far as total value if I hadn't pulled $9k out recently to pay off my credit cards. So far so good.
by boglerocks
Sat Aug 20, 2016 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

When you say a mortgage improves liquidity, you mean I will have more cash on hand?
by boglerocks
Sat Aug 20, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Re: Get a mortgage even if not needed?

#1 above would definitely apply to me. It's already long-term gains but I guess the idea is that the 15% I would pay in tax would be better off invested?

EDIT: It looks like mortgage rates are at historic lows. Average 15-year fixed rate is 2.75%. That's cheap money. That might really make sense.
by boglerocks
Sat Aug 20, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: When will a brokerage cancel buy orders?
Replies: 13
Views: 988

Re: When will a brokerage cancel buy orders?

I'm surprised my wanting to leave GTC orders open indefinitely is such a surprise. I mainly trade penny stocks and the liquidity/volatility situation there makes the price alert method ineffective. It's also nice not to be glued to the computer. :) I have ~100 orders open at any given time. The cash...
by boglerocks
Sat Aug 20, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Get a mortgage even if not needed?
Replies: 41
Views: 3578

Get a mortgage even if not needed?

I'm getting closer to buying my first house with cash but I wonder if it would be advantageous to finance part of the purchase even though I could afford to pay in cash. I don't have any debt. Is cash always the best way to pay if possible?
by boglerocks
Mon Aug 15, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: International private equity deal
Replies: 1
Views: 187

International private equity deal

I'd like to buy into a private equity deal on crowdcube.com (a UK website) but my country of residence (United States) is not allowed. I figure I could either a) ask my father-in-law if I may use his address in another country which is allowed, or b) use all of my wife's info to make the investment ...
by boglerocks
Tue Aug 09, 2016 7:08 am
Forum: Investing - Theory, News & General
Topic: When will a brokerage cancel buy orders?
Replies: 13
Views: 988

Re: When will a brokerage cancel buy orders?

I don't think I have margin capabilities on the account but I'm not completely sure. Interactive Brokers displays a lot of numbers pertaining to the account with labels that don't have intuitive meanings. I'm sure some combination of those numbers will tell me what I want to know but I don't know wh...
by boglerocks
Mon Aug 08, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: When will a brokerage cancel buy orders?
Replies: 13
Views: 988

When will a brokerage cancel buy orders?

When will a brokerage (mine is Interactive Brokers) start canceling buy orders based on how much cash is in the account?
by boglerocks
Wed Aug 03, 2016 1:27 pm
Forum: Investing - Theory, News & General
Topic: Minimum bid sizes
Replies: 4
Views: 297

Re: Minimum bid sizes

Dale, I don't think that's it because a bid lower than mine was displayed as the highest bid until I increased my bid size from 1500 to 2000.
by boglerocks
Wed Aug 03, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: Minimum bid sizes
Replies: 4
Views: 297

Re: Minimum bid sizes

Sure but it seems to be only some penny stocks. Therein lies the problem. :?
by boglerocks
Wed Aug 03, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Minimum bid sizes
Replies: 4
Views: 297

Minimum bid sizes

I use Interactive Brokers and a couple times now I've noticed my bid was skipped when someone dumped shares and the resultant last price and highest bid displayed are both below my current bid. In both instances I was able to increase my bid size and see my bid immediately reflected as the highest. ...
by boglerocks
Tue Aug 02, 2016 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Re: Hedging against home value decrease

Yes, I plan to buy with cash.
by boglerocks
Tue Aug 02, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Re: Hedging against home value decrease

California I think is a nonrecourse state. So if you minimize money in the house and can borrow a lot and are willing to pay all equity in it as cost of hedge then you can use the bank as a hedge although it is an expensive one. This is borrowing as much as possible to buy the house and letting it ...
by boglerocks
Mon Aug 01, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

magellan & inbox788, I bet you're absolutely right.
by boglerocks
Mon Aug 01, 2016 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Re: Hedging against home value decrease

Non7WoodUser wrote:The housing bubble will burst soon enough - causing a needed reset in home values. This will be good news for the average family who are experiencing negligible or negative salary growth.


Any guesses on timing?
by boglerocks
Mon Aug 01, 2016 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Re: Hedging against home value decrease

California I think is a nonrecourse state. So if you minimize money in the house and can borrow a lot and are willing to pay all equity in it as cost of hedge then you can use the bank as a hedge although it is an expensive one. This is borrowing as much as possible to buy the house and letting it ...
by boglerocks
Mon Aug 01, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

My wife and I went to the OBGYN's office in person today and the receptionist said they normally take PPO and HMO but the doctor is getting full so she is only taking HMO and not PPO at this point because they have a "special agreement with HMO".
by boglerocks
Sat Jul 30, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

We just found out my wife is pregnant and she called the office of the OBGYN we want but was told they are only taking HMO health insurance and not PPO. I thought that PPO was more widely accepted and that the doctors who accept HMO are a subset of those who accept PPO. Is there any way to work thi...
by boglerocks
Fri Jul 29, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

Intens, I don't think my wife and I have seen a doctor since we moved here 2-3 years ago. Of course that's besides the OBGYN from our first child and his pediatrician. We're 35 so we should probably get physicals.
by boglerocks
Fri Jul 29, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

celia, my wife had one baby previously (we didn't like the OBGYN) and he was delivered via C-section so (from what I understand) it is wise to have this second baby scheduled and delivered via C-section as well.
by boglerocks
Fri Jul 29, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

I agree that paying out of pocket is too perilous. If we decide this OBGYN is worth switching to an HMO plan for, can we do that any time?
by boglerocks
Fri Jul 29, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

Thank you for helping me understand this. Intens, when you say referral, you mean from another doctor? We are close friends with many patients of this OBGYN. How should we word this with the receptionist? "I know you aren't accepting PPO insurance, but how much would it cost to see Doctor Hmoon...
by boglerocks
Fri Jul 29, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Re: Doctor takes HMO but not PPO insurance?

I thought PPO was more expensive and more widely accepted than HMO but it sounds like I had that wrong. Should I switch to HMO? I want to be able to choose from the widest selection of doctors in this situation and going forward.
by boglerocks
Fri Jul 29, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor takes HMO but not PPO insurance?
Replies: 58
Views: 3042

Doctor takes HMO but not PPO insurance?

We just found out my wife is pregnant and she called the office of the OBGYN we want but was told they are only taking HMO health insurance and not PPO. I thought that PPO was more widely accepted and that the doctors who accept HMO are a subset of those who accept PPO. Is there any way to work this...
by boglerocks
Sat Jul 02, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Re: Hedging against home value decrease

If you are going to live in the home a long time, then why should you care? If you are not going to live in the home a long time, then why should you even buy it? I'm planning to live in the house for a long time. I would care if the value drops because then I could have bought a similar house for ...
by boglerocks
Sat Jul 02, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hedging against home value decrease
Replies: 42
Views: 3083

Hedging against home value decrease

My family is growing and we're getting to the point where it would be nice to own our own home. Home values in California seem a bit high to me: http://www.zillow.com/ca/home-values/ In a situation like this I'd normally just wait to buy until values decrease but there are family considerations. I w...
by boglerocks
Mon Jun 06, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

I get the impression that often, for the most part, crowdfunding is just the latest euphemism for a ponzi (or similar ripoff) scheme, but without necessarily promising any kind of payback whatsoever. It's all just so trendy and social. In the old days we called crowdfunding campaigns "begging&...
by boglerocks
Mon Jun 06, 2016 2:48 am
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

dltnfs wrote:I guess marketing and compliance reached a compromise?

Always.
by boglerocks
Mon Jun 06, 2016 1:05 am
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

In my opinion penny stocks are an area of the market to stay away from. Sales commissions on these are very high, it is almost impossible to get accurate information about the companies covered in the penny stock area, and those that peddle them tend to be sharks feasting on the uninformed. Check o...
by boglerocks
Mon Jun 06, 2016 12:53 am
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

dltnfs wrote:How do you even calculate an IRR for something like that fund?


I haven't taken the time to read this but it may answer your question:

https://support.fundersclub.com/hc/en-u ... -holdings-
by boglerocks
Sun Jun 05, 2016 2:57 pm
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

Garland, when you were picking stocks did you include penny stocks? Those are the ones I go after predominantly and they can be pretty well undiscovered. I found out that FundersClub's 20% carried interest is not typical but I actually think it's a good thing. They don't charge any other fees so the...
by boglerocks
Sun Jun 05, 2016 2:11 am
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Re: Equity Crowdfunding

Great post Garland, thank you. I certainly agree that the crowdfunding landscape is potentially a scammer's paradise. I wouldn't be surprised if a great many of those scams could be rather easily weeded out by someone with the appropriate level of experience and skill (and time!) which is a large pa...
by boglerocks
Sat Jun 04, 2016 3:01 am
Forum: Investing - Theory, News & General
Topic: Equity Crowdfunding
Replies: 18
Views: 1481

Equity Crowdfunding

Has anyone here gotten into equity crowdfunding? It seems like a good way to get exposure to private equity with a very low minimum investment. I made a $5k investment in a company through FundersClub and I was very happy with the process. The only thing that bugs me is their 20% carried interest. I...
by boglerocks
Sat May 14, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Happy with Barclays savings account?
Replies: 49
Views: 16315

Re: Happy with Barclays savings account?

I can't tell from the wording in the legal section above if I would be liable for unlimited losses if I don't notify them within 60 days of the fraudulent activity or within 60 days of my knowledge of the fraudulent activity.
by boglerocks
Sat May 14, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Happy with Barclays savings account?
Replies: 49
Views: 16315

Re: Happy with Barclays savings account?

Does anyone know if there is regulation pertaining to this in the US?
by boglerocks
Sat May 14, 2016 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Happy with Barclays savings account?
Replies: 49
Views: 16315

Re: Happy with Barclays savings account?

I'm curious about how banks handle fraud/hacking too. If someone hacks your account and transfers your funds, you're out the dough?
by boglerocks
Mon Apr 18, 2016 6:30 pm
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Re: Stock picking services

As I've said several times, nobody is picking my stocks. I use these services like a human stock screener. It means I don't have to start from zero when looking for good picks and that saves a lot of time. What's wrong with that?
by boglerocks
Mon Apr 18, 2016 5:51 pm
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Re: Stock picking services

Dang guys. Up 25% in a couple months and everybody agrees I'm doing a terrible job. My way isn't the only way, is yours?
by boglerocks
Mon Apr 18, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Re: Stock picking services

How well did you do? Did you get 10X to 30X return? If not, why are you doing it? I gamble on microcap stocks. I allocated total 5K of my money on those stocks. I do not gamble on any stocks that have the possibility of 10X to 30X return. A) If I lost, it is only 10K and it does not matter. B) If I...
by boglerocks
Mon Apr 18, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Re: Stock picking services

Why use Marketfy when you can have Jim Cramer pick your stocks for free, and you'll have an extra $864 to invest in a good broad based index fund? I should have mentioned that I'm generally only interested in microcaps. I've run a small business for the last 16 years so that's what I'm familiar wit...
by boglerocks
Sun Apr 17, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Re: Stock picking services

I make a lot of money from those picks.
by boglerocks
Sun Apr 17, 2016 10:24 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2707

Stock picking services

I know, I know, you can't trust anyone to pick stocks for you but please hear me out. :) I'm subscribed to a couple paid services on marketfy.com which are 420Investor ($42/month) and SecretCaps ($30/month). The proprietor of each basically sifts through a myriad of stocks to come up with a number o...

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