Search found 479 matches

by dailybagel
Mon Jun 13, 2016 11:03 pm
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 114
Views: 14930

Re: John Oliver covers retail investment industry on Last Week Tonight

Thanks for the notice! I'm looking forward to seeing it on YouTube. John Oliver is more than just witty; he really packs a lot of accurate and important information into a short, entertaining segment. Congratulations dailybagel on seeing the show live! Was it done in one take? Seeing the taping was...
by dailybagel
Sun Jun 12, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: John Oliver covers retail investment industry on Last Week Tonight
Replies: 114
Views: 14930

John Oliver covers retail investment industry on Last Week Tonight

I wanted to share some breaking news: tonight's episode of Last Week Tonight with John Oliver , airing in about 90 minutes on HBO, will focus on the retail investment industry. During the 15-minute segment, host John Oliver will focus on how the retail investing experience is a bit confusing for the...
by dailybagel
Tue Mar 29, 2016 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Selling to rent, where to put cash?
Replies: 17
Views: 2482

Re: Selling to rent, where to put cash?

I agree with Valuethinker that the place for the home sale proceeds are very low-risk investments. In my case, I have a housing down payment fund of similar magnitude in an Ally Bank savings account.
by dailybagel
Tue Mar 29, 2016 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2237

Re: Cheaper to trade-in for new truck !?! Is there a free lunch here?

Doing the math: $31,500 for new car, with $4,600 down (in the form of equity in current car) leads to a $26,900 loan, over 48 months leads to the $560 monthly payment. Let's assume a similar 48-month loan when you friend his current car. $31,000 for the old car, with $4,000 down, means a $27,000 loa...
by dailybagel
Sun Mar 27, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Renting a car when you don't own a car and therefore have no personal car insurance.
Replies: 8
Views: 1658

Re: Renting a car when you don't own a car and therefore have no personal car insurance.

I recently faced this issue. I purchased liability-only insurance at the rental car counter. It complimented the collision coverage provided by my credit card. It cost $11 per day, which is probably double or triple what an annual liability policy would cost (on a per-day basis). BUT, the insurance ...
by dailybagel
Sat Mar 26, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account, NYC area
Replies: 10
Views: 927

Re: Best Bank for Checking Account, NYC area

I live in the same area (NJ in the NYC metro area). I asked a similar question in 2012, and got similar answers: Chase, TD Bank, and First Republic.

Here is the Bogleheads thread: viewtopic.php?f=2&t=103870
by dailybagel
Mon Mar 14, 2016 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Resident of NJ, W2 from Employer only has NY State
Replies: 7
Views: 847

Re: Resident of NJ, W2 from Employer only has NY State

I agree with nps' suggestion to include a photocopy of the W-2. If you do work for this New York employer in the future, you could check with the payroll department, to make sure they have your home address in the their payroll system. My employer handles this case properly, showing "NY" w...
by dailybagel
Sun Mar 13, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Laid off, bouncing ideas.
Replies: 33
Views: 3602

Re: Laid off, bouncing ideas.

Hey man, I think you should drop this idea of spending a month in Thailand to "clear your head." As others have pointed out, it will complicate your unemployment insurance process. I worry it will also make it harder to connect with a new job -- imagine that a company reaches out to you af...
by dailybagel
Wed Mar 09, 2016 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: How long between accepted offer on house and closing
Replies: 17
Views: 1675

Re: How long between accepted offer on house and closing

The negotiable components of an offer are typically price, closing date, and any contingencies (eg a financing contingency from the buyer). In your case, as a cash buyer, you could probably close quickly, compared to a buyer who needs financing. I would suggest making an offer with the closing date ...
by dailybagel
Sat Dec 19, 2015 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Slate: "Prophets of Thrift"
Replies: 25
Views: 3032

Re: Slate: "Prophets of Thrift"

From the article: These sentiments aren’t unique to the Great Recession and its recovery. In Thrift: The History of A Cultural Movement, Andrew Yarrow describes efforts during the Gilded Age to promote proper financial living. Income inequality was soaring, but then, as now, everyone from politician...
by dailybagel
Tue Sep 08, 2015 7:33 am
Forum: Personal Consumer Issues
Topic: House rental or purchase -- stumped but asking early
Replies: 17
Views: 1674

Re: House rental or purchase -- stumped but asking early

Thanks, denovo. The uncertainty about duration is the big issue, and it might be why we wind up doing nothing, grumbling all the while. Not that I treat my wife like a child, but I think some diversions might take the focus off the commute. Having a beach house rental for the summer to look forward...
by dailybagel
Sun Sep 06, 2015 9:58 am
Forum: Personal Consumer Issues
Topic: Repair it? Or get something new? [Car]
Replies: 12
Views: 1702

Re: Repair it? Or get something new? [Car]

Guess I will be fixing it while I save and make some adjustments and monitor my monthly costs before spring and buying a new WRX. The girlfriend just dumped me last month and moved out so I'm taking the time through the winter to make sure my expenses settle where I expect them too. I caught the al...
by dailybagel
Wed Aug 05, 2015 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6653

Re: Chase asking for liquid net worth, total net worth...

My guess is that this company was trying to determine if you meet the criteria of an "accredited investor." http://www.investor.gov/news-alerts/investor-bulletins/investor-bulletin-accredited-investors In one sense, they may be asking "because" of a government regulation -- but I...
by dailybagel
Mon Aug 03, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: what is Excise Tax Bill on Car???
Replies: 9
Views: 856

Re: what is Excise Tax Bill on Car???

Right, the excise tax on cars in Massachusetts is similar to property taxes on real estate. It is calculated based on statewide formulas, but payable to the town in which you register your car. http://www.mass.gov/dor/local-officials/municipal-finance-law/frequently-asked-questions-motor-vehicle-exc...
by dailybagel
Wed Jun 10, 2015 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Inflation indexed SPIA providers
Replies: 15
Views: 1937

Re: Inflation indexed SPIA providers

It would be great to see a comparison of the premium (or the payouts for the same premium) for inflation-adjusted and non-inflation-adjusted annuities.
by dailybagel
Mon May 25, 2015 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401k at my First Fuill-time Job
Replies: 13
Views: 1315

Re: Starting a 401k at my First Fuill-time Job

I would urge you NOT to allow your parents to pay off your loans with a home equity loan. I would instead try to make payments yourself. You could do some kind of debt snowball, paying more than minimum on the smallest loan, and the minimum payment on all other loans. It sounds like they generously...
by dailybagel
Mon May 25, 2015 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401k at my First Fuill-time Job
Replies: 13
Views: 1315

Re: Starting a 401k at my First Fuill-time Job

-Having a good healthy relationship with my parents we have already discussed refinancing my college loans on home equity which is offering us a fantastic interest rate (<3%) compared to my student loan provider ranging from (3-7%) and in return I can help them pay the home off by making as large a...
by dailybagel
Mon Apr 27, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 3383

Re: Best way to sell a used wedding ring?

I read a success story in which a person consigned the ring to a jewelry store, paying a significant commission when it eventually sold there. That might have been in a bogleheads thread. If you are searching for advice online, don't forget to search for "sell engagement ring", as that is ...
by dailybagel
Mon Apr 27, 2015 7:39 am
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 8387

Re: Been invited to wedding in Disney World. My cost?

I have seen wisdom in two rules designed to keep people from making unsustainable decisions based on emotional pull:

1. The United States does not negotiate with terrorists.
2. dailybagel does not attend destination weddings.

Having a policy makes it easier to say no.
by dailybagel
Tue Apr 07, 2015 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 17360

Re: Family member asking for money

I knew there would be varying opinions on this, which are all good to hear. To address the issue of whether his family could cut back on expenses, that answer is I am sure they could. One of their cars is a BMW. My BIL likes expensive craft beers. They have cable with premium stations. On the other...
by dailybagel
Tue Mar 31, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 26
Views: 3106

Re: My car is (supposedly) totaled. What to do?

I have been in your shoes before: owned a 15-year-old Toyota with relatively few miles for its age.

If I were you, I would fix the worst cosmetic damage, and absolutely fix any safety-related issues (e.g. Side-view mirrors). I would then keep the car for as long as you can. Option #2, all the way.
by dailybagel
Mon Mar 23, 2015 7:24 am
Forum: Investing - Theory, News & General
Topic: NRA [Nonresident Alien] investing for the average Joe
Replies: 14
Views: 2616

Re: The NRA investment thread for the average Joe

To confirm, does "NRA" stand for non-resident alien?

Looks like some BH members discussed a wiki page: http://www.bogleheads.org/forum/viewtop ... 0&t=127477
by dailybagel
Fri Mar 06, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Real estate frustration in finding a new home
Replies: 33
Views: 3124

Re: Real estate frustration in finding a new home

Many of the homes we've been taken to, are quite simply not worth anywhere near the asking price. What makes you come to this conclusion? If the lack of inventory is very low and the area is desirable, then just because a price "seems" high doesn't make it so. A home is 'worth' what peopl...
by dailybagel
Mon Mar 02, 2015 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Inland American / XHR Xenia Hotels and resorts
Replies: 5
Views: 853

Re: Inland American / XHR Xenia Hotels and resorts

Out of curiosity, how did you each get in to the Inland American REIT?

I know your question is about getting out of this investment, but I wonder if there is advice you would have for other bogleheads about the process you took?
by dailybagel
Sat Feb 28, 2015 9:38 am
Forum: Personal Consumer Issues
Topic: Getting Australian Dollars
Replies: 13
Views: 1668

Re: Getting Australian Dollars

Don't get any physical currency before going to Australia. Instead, use your debit card at an ATM when you arrive.

I would suggest bringing a credit card as a backup, in the unlikely event you have trouble at the ATM.
by dailybagel
Mon Feb 16, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best company to open a credit card with?
Replies: 22
Views: 33670

Re: What is the best company to open a credit card with?

Does Ally actually offer a credit card?
by dailybagel
Mon Feb 16, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: grad student - taxes on W-2
Replies: 10
Views: 875

Re: grad student - taxes on W-2

I was a graduate student for several years, earning a stipend plus a tuition scholarship.

Students are exempt from FICA taxes (social security and Medicare).
http://www.irs.gov/Charities-&-Non-Prof ... o-FICA-Tax
by dailybagel
Mon Feb 16, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Relative working at Safeway
Replies: 22
Views: 3150

Re: Relative working at Safeway

I would leave him be. Did he ask for assistance? If he doesn't have the patience to look into and discuss this, I'm thinking.... no. [...] Just my take on it. I agree with Twins Fan that's it's probably a bad idea to keep pushing about this if your relative isn't receptive. If you're wondering abou...
by dailybagel
Tue Feb 10, 2015 9:17 pm
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1245

MedicAlert bracelet restricting care to in-network doctors?

I recently received a written letter from my insurance company, announcing that three area hospitals were no longer "in network" for 2015. This letter made me think, does it make sense to wear an MedicAlert-like bracelet that lists my insurance information, in case I am injured and become ...
by dailybagel
Sun Feb 01, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Loan Terms -- Helping a friend going through Divorce?
Replies: 39
Views: 4405

Re: Loan Terms -- Helping a friend going through Divorce?

Again thank you to those that provided actionable useful advice on my question to the rest of you not so much. I'm out. I have first-hand experience that you should really hear about. Unfortunately, the lessons fall outside of the constraints you have placed on this discussion. Good luck; your inte...
by dailybagel
Sun Feb 01, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1412

Re: Is this a good investment?

Ok I think the main question I have has not been answer. Lets forget the details and stick with this question. What are some methods I could use to determine adequate compensation for risking 50k into a business? Lets say this business passes the smell test and was verified by an accountant. How do...
by dailybagel
Sun Feb 01, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 1271

Re: Northwestern Mutual Roth IRA

Your break-even point will probably be relatively short since you'll be saving those high insurance company annuity costs using low-cost Vanguard funds. I agree with Mel. If the annuity fees are 1.25% of your $10,000 assets, that is $125 per year in savings after switching to Vanguard. You will be ...
by dailybagel
Sat Jan 31, 2015 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: question about investing in oil, USO
Replies: 15
Views: 1761

Re: question about investing in oil, USO

One question I would ask: does the asset fundamentally produce income when holding over time, or does it have a cost associated with holding it over time? Assets that produce income: ⋅ directly owned real estate ⋅ REITs ⋅ bonds ⋅ stocks ⋅ capital equ...
by dailybagel
Sat Jan 31, 2015 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 1271

Re: Northwestern Mutual Roth IRA

The Northwestern Mutual website suggests this product is offered within a Variable Annuity. Is that your situation? If so, I would contact NM and ask them how for how long the termination fee will apply. For example, if the cancellation fee drops to $0 after 12 months, and your account is 11 months ...
by dailybagel
Sat Jan 31, 2015 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1412

Re: Is this a good investment?

I have an opportunity to buy into a business. The business has very little overhead, rent is currently 7% of gross. The value in the company is the education and experience of the two soon to be partners who are currently working for the company. Last year it grossed $450,000, with 3 employees and ...
by dailybagel
Sat Jan 31, 2015 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 1271

Re: Northwestern Mutual Roth IRA

Could you post the ticker symbol and share class (if applicable) of the S&P fund you were invested in? That way, we can check if their cancellation fee is consistent with the fine print (which it presumably is).
by dailybagel
Sun Jan 18, 2015 11:36 am
Forum: Personal Consumer Issues
Topic: Best Book To Learn R Programming
Replies: 32
Views: 4992

Re: Best Book To Learn R Programming

I have used R in the past. Honestly, my impression is that it's too complicated, with too many special cases and implicit conventions (eg apply, lapply, sapply). If I were in your shoes, I would look at Python and the 'pandas' package before diving fully into R. It provides much of the power of R, b...
by dailybagel
Sun May 25, 2014 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: penny smart, dollar stupid with cars
Replies: 24
Views: 3563

Re: penny smart, dollar stupid with cars

I think you should definitely not get a new car -- keep the truck or sell it and go car-free if your new city will allow it. People forget that there are a lot of transaction costs when purchasing a new or used car. Plus, it would increase your cost of insurance. By the way, since you have a truck, ...
by dailybagel
Fri May 23, 2014 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage log jam
Replies: 26
Views: 1720

Re: Mortgage log jam

Here is my advice: do NOT let this seller's mortgage payoff amount influence what you pay for the house. Let's just assume that when the seller looks at all closing costs, mortgage payoff amount, etc, there is a sale price X at which the mortgage is paid off in full, the realtor is paid a commission...
by dailybagel
Sat May 17, 2014 10:41 pm
Forum: Personal Consumer Issues
Topic: Electrical question
Replies: 24
Views: 2374

Re: Electrical question

To first order, the high-voltage charger won't use more or less energy than the low-voltage charger. If the Tesla website suggests that the high-voltage charger leads to less charging costs, it may be more efficient. This is a second-order effect, related to "parasitic" losses. When transm...
by dailybagel
Sat May 17, 2014 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for a private mortgage
Replies: 12
Views: 1086

Re: Advice for a private mortgage

The real reason for gift affadavits is this: if a parent (or any person) wants to lend a homebuyer $37,000, and the parent and the homebuyer have signed this formal document, the "unofficial loan" is basically unenforceable in court. A parent-lender who really wants to be paid back would n...
by dailybagel
Sat May 17, 2014 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Money for House Purchase
Replies: 21
Views: 2305

Re: Investing Money for House Purchase

Thank you so much for your advice. We are willing to take a risk for a chance to achieve a higher return (10-15%). We have been placed in American Funds Portfolio Series share class C. Did the advisor mention the costs of this investment? Looking at the "Balanced Portfolio" example here, ...
by dailybagel
Sat May 17, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase a certified vehicle, looking for opinions
Replies: 8
Views: 657

Re: Purchase a certified vehicle, looking for opinions

I would step back and ask what you really want and what you really need. If you want to buy a home, I predict this would delay you longer than the three to four months you mentioned. If the time frame is really that short, why don't you wait three to four months, save up the additional cash for the ...
by dailybagel
Sat May 17, 2014 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Replace Gas Guzzler with Toyota Prius Lease?
Replies: 24
Views: 2625

Re: Replace Gas Guzzler with Toyota Prius Lease?

I suspect that you are letting your desire for a new car influence your analysis. Is $1800 really realistic for auto repairs if you keep the old car? Seems to me like an exaggeration that would tilt this question in favor of the Prius. Financially speaking, it would require very unusual circumstance...
by dailybagel
Sat May 17, 2014 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Advice on house title - unmarried couple
Replies: 30
Views: 2601

Re: Advice on house title - unmarried couple

It is in your son's interest to retain sole title of the house. This way, if the unmarried couple separates, there is no messy situation in which she owns 5% of a difficult-to-value asset. If there is a large unexpected bill relating to the house, he would pay it. As a trade-off, I think the young l...
by dailybagel
Sat May 17, 2014 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Age 32 Roth Help
Replies: 2
Views: 618

Re: Age 32 Roth Help

Having a good sum of money saved already, plus a mortgage halfway paid off at age 32, means the "dumb fisherman" label surely doesn't apply.

I would agree with Beth's suggestions above for fund choices in a Roth IRA.
by dailybagel
Sat May 17, 2014 8:38 am
Forum: Investing - Theory, News & General
Topic: funding retirement in one page
Replies: 9
Views: 2444

Re: funding retirement in one page

I smiled at the phrase "''selfie' pension". Do you mean by that a self-created pension, like an SPIA?
by dailybagel
Sun May 11, 2014 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 8429

Re: Obligations to help parents financially?

To the OP: I sympathize with the difficult position you've been placed in. Some people have written that you should wait until the bankruptcy is complete before making payments. This. You can't pay their debts in a bankruptcy situation to a specific creditor, although theses kinds of loans may have ...
by dailybagel
Sun Apr 06, 2014 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: temp power of attorney for specific purpose of selling house
Replies: 7
Views: 516

Re: temp power of attorney for specific purpose of selling h

Are you using a real estate agent for this transaction? If so, he or she will likely have standard forms for this purpose. Those forms will likely be tailored to law and practice in Michigan. I agree with your idea about limiting the scope of the POA to this transaction and to a narrow window of tim...
by dailybagel
Sun Apr 06, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Graduate School Loans
Replies: 13
Views: 1469

Re: Graduate School Loans

While it's not mathematically optimal, I would consider paying off some of the small loans first, in a hybrid of the debt snowball method. The debt snowball idea is to pay off small balances first. The advantage is that it simplifies your monthly accounting/paperwork after you pay accounts off in fu...

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