Search found 9440 matches

by dm200
Thu Aug 25, 2016 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Notarize a Note? and Trustee on DOT
Replies: 5
Views: 174

Re: Notarize a Note? and Trustee on DOT

Engage and pay an attorney , qualified and experienced, to do this right.
by dm200
Thu Aug 25, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Help explain: bond prices and interest rate link
Replies: 18
Views: 1059

Re: Help explain: bond prices and interest rate link

Bond owners are never happy: When rates rise, they are unhappy because the value of their bonds goes down. When rates drop, they are unhappy because their returns drop. :?
by dm200
Thu Aug 25, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 133
Views: 7679

Re: Favorite Restaurant Stop on Road Trips

dm200 wrote:Cracker Barrel. Often get the vegetable only selection.


However, as is noted in the fine print of the menu, some of the "vegetable" menu items contain some meat products (such as pork in the beans). [IF you care about this]
by dm200
Thu Aug 25, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Using TSP Loan for Mortgage Down Payment?
Replies: 3
Views: 312

Re: Using TSP Loan for Mortgage Down Payment?

Can you get a mortgage, without PMI, with a lower than 20% downpayment? I think I would lean towards a lower down payment - and that would recuce the need to get as much of a TSP "loan".
by dm200
Thu Aug 25, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 133
Views: 7679

Re: Favorite Restaurant Stop on Road Trips

Cracker Barrel. Often get the vegetable only selection.
by dm200
Thu Aug 25, 2016 9:17 am
Forum: Personal Consumer Issues
Topic: Seeking advice on what to do about recent property survey/neighbor's driveway
Replies: 28
Views: 2150

Re: Seeking advice on what to do about recent property survey/neighbor's driveway

What an unfortunate situation. It seems to me that "doing nothing" should be considered off the table as an option. Eventually, this would become a mess (perhaps huge mess), so I believe it needs to be fixed or the fix process be put in place.
by dm200
Wed Aug 24, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: Help explain: bond prices and interest rate link
Replies: 18
Views: 1059

Re: Help explain: bond prices and interest rate link

Hi, I have two requests/questions. I recently read this article: http://www.nytimes.com/2016/07/24/your-money/what-you-think-you-know-about-money-but-dont-can-hurt-you.html It talks of a long-running study based on a quiz of basic financial understanding and states that most Americans have “relativ...
by dm200
Wed Aug 24, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Car purchase - Cash vs Finance
Replies: 8
Views: 864

Re: Car purchase - Cash vs Finance

Hello All. I'm considering purchasing a new or used car, and wanted to gather some opinions/facts on using cash or financing. The difference of this thread compared to others is that I'm interested in the effect on credit score due to a ~$10K installment loan rather than the opportunity cost of pay...
by dm200
Wed Aug 24, 2016 8:47 am
Forum: Personal Consumer Issues
Topic: Buying a house from in laws...what steps?
Replies: 7
Views: 582

Re: Buying a house from in laws...what steps?

At a minimum, it seems to me that you should set up a formal mortgage loan with them for the 50% of the purchase price you have agreed to, record the title in your name(s) and the lien for the mortgage.
by dm200
Tue Aug 23, 2016 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park 3 to 5 year money?
Replies: 1
Views: 555

Re: Where to park 3 to 5 year money?

I have a mid 6 figure lump sum that I'd like to move out of my savings account, to earn a bit more, if possible. These are funds that I wlll need access to in about 3 to 5 years. I have yet to buy any I Bonds this year, but there's an annual limit to consider. I'd appreciate any suggestions. Thank ...
by dm200
Tue Aug 23, 2016 5:22 pm
Forum: Personal Consumer Issues
Topic: Receiving refund for product in exchange for giving up right to sue
Replies: 9
Views: 1269

Re: Receiving refund for product in exchange for giving up right to sue

MikeZ wrote:Quick update: I wrote back and asked for $500 after mentioning the labor cost. They accepted without delay.


Wow! Good for you.
by dm200
Tue Aug 23, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Young man in a bind/car totalled/no insurance
Replies: 36
Views: 3120

Re: Young man in a bind/car totalled/no insurance

My son's friend is a 20 something, hard working guy. His parents died and he doesn't have much extended family, so I try to help with advice whenever I can. This morning, while working - he is a day laborer - he got into a car accident with his own car. His friend owns a bread delivery route and wh...
by dm200
Tue Aug 23, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Example of Credit Union converting to state charter and private insurance
Replies: 4
Views: 416

Re: Example of Credit Union converting to state charter and private insurance

I was a member of an ASI insured CU. They survived the 2008 meltdown just fine -- though I don't know if any CU has failed, regardless of their charter or insurance. Nevertheless, having seen WaMu fail and the federal insurance cover it, I'm not inclined to bother with anything other than federal i...
by dm200
Tue Aug 23, 2016 9:16 am
Forum: Personal Consumer Issues
Topic: Rented a car on business, received a parking ticket 11 months later?
Replies: 29
Views: 2312

Re: Rented a car on business, received a parking ticket 11 months later?

One possibility is that this was a real violation for the car you rented, but was not during the time you had the car. Perhaps the renter just before or after you. Check the documented days and times from when you picked up the car to when you dropped it off - and compare to the day and time of the ...
by dm200
Tue Aug 23, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: Who is responsible for bank errors
Replies: 16
Views: 1271

Re: Who is responsible for bank errors

While this is, near certain, a bank error - the bank may not fix it unless the account holder keeps on the bank to fix it. Since there are, apparently, two financial institutions involved, which one caused the error is not 100% clear. When the OP sorts this out, it seems to be the point of error wil...
by dm200
Tue Aug 23, 2016 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Example of Credit Union converting to state charter and private insurance
Replies: 4
Views: 416

Re: Example of Credit Union converting to state charter and private insurance

Thanks. Thank you to our shipmate dm200 for the link. Good information. Imho moving in the wrong direction and could ugly forcing tax payers to come to the rescue [again]. Thanks for reading. ~cfs~ For federally insured credit unions (and related failures/losses), the costs of those failures has fa...
by dm200
Mon Aug 22, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 105
Views: 5568

Re: What is your system for dealing with coins?

One of the great financial puzzles of mine is folks who accumulate large quantities of coins and then pay a percentage (perhaps 8%) of the value of such coins for a coin counting machine.
by dm200
Mon Aug 22, 2016 2:09 pm
Forum: Personal Consumer Issues
Topic: Who is responsible for bank errors
Replies: 16
Views: 1271

Re: Who is responsible for bank errors

I'm relatively new to US banking having moved here in the 2013 so have yet to experience the full range of ways in which banks can screw over their customers. Sorry - brought by banking high horse from the UK :-) I wrote a check on Friday which was paid in over the weekend. Payment was to someone w...
by dm200
Mon Aug 22, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of an "Estate"?
Replies: 17
Views: 1012

Re: Definition of an "Estate"?

Unlike in Colonial times (under British rule), Americans do not inherit debt. [We got rid of that after the American Revolution] So, heirs are not personally responsible for the individual debts of the deceased. The assets (or estate) of the deceased, however, can be claimed by the creditors of the ...
by dm200
Mon Aug 22, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 3674

Re: Tips for a 1000 miles car trip with toddler and baby

Reading this thread is a real eye-opener. If it were just me (and possibly other adults) making this trip, I'd do it all in one day. At 70mph, that's 14 hours. Stop twice for gas and bathroom no more than 10 minutes each stop. A long day, sure, but definitely doable. Do kids really need to stop eve...
by dm200
Mon Aug 22, 2016 12:15 pm
Forum: Personal Consumer Issues
Topic: Best/safest/easiest way to send sensitive files to another person over the internet?
Replies: 40
Views: 2490

Re: Best/safest/easiest way to send sensitive files to another person over the internet?

I always heard that the word/excel password protection can be easily cracked by getting a cheap online utility to do it. Is that not the case anymore? No expert, but I understand that this is no longer the case if you: 1. Use the newer file formats (docx, xlsx) and 2. Use a strong password and 3. U...
by dm200
Mon Aug 22, 2016 9:40 am
Forum: Personal Consumer Issues
Topic: Best/safest/easiest way to send sensitive files to another person over the internet?
Replies: 40
Views: 2490

Re: Best/safest/easiest way to send sensitive files to another person over the internet?

What kinds of files are these? Based on what I read, these are probably quite safe and secure. For WORD or EXCEL documents, using the docx or xlsx formats, password encrypt the file with a very strong password, name the file such that the name does not indicate the nature or sensitivity, and communi...
by dm200
Mon Aug 22, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Selling Used Car
Replies: 6
Views: 751

Re: Selling Used Car

What tax benefits are there with trading in? I guess I just wish I could convince my wife we don't need a Pilot or SUV but have failed for quite some time. Don't want a car payment... 1. Marital harmony is, in my opinion, often a very justifiable reason for financial decisions. 2. Depending on the ...
by dm200
Mon Aug 22, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: Please, please advise...Health insurance terminated by insurance company
Replies: 40
Views: 2380

Re: Please, please advise...Health insurance terminated by insurance company

My wife (before she became Medicare eligible) was on an Obamacare plan (through healthcare.gov) for several years. There were several cases of conflicting information and lack of communication between the insurance provider and healthcare.gov. As soon as she or I noticed conflicting information, she...
by dm200
Mon Aug 22, 2016 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Example of Credit Union converting to state charter and private insurance
Replies: 4
Views: 416

Example of Credit Union converting to state charter and private insurance

If it is important to you that your deposits in a credit union be federally insured (NCUA), be aware that, in some states, state chartered credit unions can be privately insured. This is a example of a federally chartered (and insured) credit union that is converting to a state charter and private i...
by dm200
Mon Aug 22, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Accounting consultant traveling fees
Replies: 9
Views: 845

Re: Accounting consultant traveling fees

My wife is a consultant. A few years ago she hired a consultant to help her improve her business. The first thing that he had her do was to raise her rates. The second thing was to stop with freebies. A consultant sells her time. If she is travelling, she is not earning income from other clients. T...
by dm200
Mon Aug 22, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Under 25 Car Insurance
Replies: 8
Views: 440

Re: Under 25 Car Insurance

As someone who is in the insurance industry, I’ll give you my advice. If the vehicle is titled in your name, in most states the claimant (aka other party) can come after you in the event of a loss. 99.9% of insurance companies will NOT write a policy to your son for a vehicle that is titled to you....
by dm200
Mon Aug 22, 2016 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Selling Used Car
Replies: 6
Views: 751

Re: Selling Used Car

I would lean towards selling now. It sounds like this is a known buyer, so you would not have to either accept the low Honda trade-in or the hassle/risk of selling privately (advertising, unknown folks contacting you, etc.) You then can be very "flexible" in negotiating the new 2017 purcha...
by dm200
Mon Aug 22, 2016 8:05 am
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 3674

Re: Tips for a 1000 miles car trip with toddler and baby

As I (and others) have posted, it all depends on the child(ren) and your wife and how they "travel". While our son was, over the years and decades, very difficult and challenging in many ways, he loved to travel and was fine on many such trips as this. You have several months to "prep...
by dm200
Sun Aug 21, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: My wife being added to my single-member LLC
Replies: 10
Views: 655

Re: My wife being added to my single-member LLC

As far as asset protection, I think it would increase it. Multimember LLCs generally have better protection than single member LLCs, and the additional tax protected space would likely increase asset protection. But asset protection law is state specific so check on your state's laws and if you're ...
by dm200
Sun Aug 21, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 11
Views: 1507

Re: How common is ACH fraud on checking accounts?

Let me add a few more comments. ACH (in both directions) do not have to be checking accounts. Savings accounts can be involved. One "flaw" in the ACH system are these intermediary payment/billing processors. These folks just pass along the information (routing number) without requiring the...
by dm200
Sun Aug 21, 2016 4:41 pm
Forum: Personal Consumer Issues
Topic: Tips for a 1000 miles car trip with toddler and baby
Replies: 100
Views: 3674

Re: Tips for a 1000 miles car trip with toddler and baby

Can't speak about the baby, but we did such auto travel several times a year when our son was that age. Many people also told us we were crazy. It went well for us, primarily because our son generally traveled well - whether is was auto or plane. He liked it. A few years later, it got even better wh...
by dm200
Sun Aug 21, 2016 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: My wife being added to my single-member LLC
Replies: 10
Views: 655

Re: My wife being added to my single-member LLC

The question I would ask (I do not know the answer) is whether adding her to the LLC either directly or indirectly will (or might) lower asset protection for joint marital assets, such as home owned jointly (as a married couple).
by dm200
Sat Aug 20, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Interest calculation mortgage vs. consumer loans
Replies: 8
Views: 518

Re: Interest calculation mortgage vs. consumer loans

Okay thanks. I thought that was right. I just wanted to hear it from someone else.


If you get detailed loan statement, you can probably calculate the split of principal and interest for each payment made.
by dm200
Sat Aug 20, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 11
Views: 1507

Re: How common is ACH fraud on checking accounts?

Since my account number and routing number is on every check I've written, and since no PIN is need for electronic (ACH) transactions, how common is unauthorized transactions on a checking account? Thanks, Mike PS: Thanks to all those who answered my other two threads on credit card fraud. I cannot...
by dm200
Sat Aug 20, 2016 4:21 pm
Forum: Personal Consumer Issues
Topic: New Cars and Safety upgrades
Replies: 31
Views: 1608

Re: New Cars and Safety upgrades

There was another series of posts recently on this topic.

My own opinion and conclusion is that cars in good condition and repair up to (at least) 20 years old are quite safe - especially if driven "safely" and by a driver who pays attention and follows reasonable driving guidelines.
by dm200
Sat Aug 20, 2016 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Interest calculation mortgage vs. consumer loans
Replies: 8
Views: 518

Re: Interest calculation mortgage vs. consumer loans

Thanks for the post. I have a question. I am a representative for an organization and we recently bought a vehicle. We paid $10k down and financed the balance of $20,588.75 at 4.89%, 60 months, payment $387.47. The contract says this is a simple finance charge. My question is about making additiona...
by dm200
Sat Aug 20, 2016 3:08 pm
Forum: Personal Consumer Issues
Topic: What is your system for dealing with coins?
Replies: 105
Views: 5568

Re: What is your system for dealing with coins?

I have one of those plastic coin holders in my pocket. When I get change, I put the coins in there. When the mix gets about $1.50 - $2.00 - when I use cash, I pay the part of a dollar due with exact coins. If, for some reason, I end up with more coins, I use them at the self serve station at the gro...
by dm200
Sat Aug 20, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: non profit scholarship fund wishes BH advice
Replies: 10
Views: 436

Re: non profit scholarship fund wishes BH advice

How long is she going to be chairman? My wife and I have been in this situation, but terms were only a couple years, and those that follow may still want an FA, damn the costs. Good point. I have seen various kinds of situations where changes are made by an organization (that are very good), but de...
by dm200
Sat Aug 20, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Interest calculation mortgage vs. consumer loans
Replies: 8
Views: 518

Re: Interest calculation mortgage vs. consumer loans

A few more things... A HELOC is a consumer loan. Interest accrues daily. Paying extra on a mortgage, as long as it is before the last day of the month, reduces interest the same as paying the extra in the 2nd of the month. Your monthly interest is calculated at month end, and the next payment is re...
by dm200
Fri Aug 19, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: Instant oatmeal vs "regular" oatmeal
Replies: 51
Views: 3269

Re: Instant oatmeal vs "regular" oatmeal

instant oats are the oatmeal equivalent of white bread.


I don't think so. The better comparison (plain instant) is whole grain bread made with finely ground flour.
by dm200
Fri Aug 19, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Interest calculation mortgage vs. consumer loans
Replies: 8
Views: 518

Interest calculation mortgage vs. consumer loans

From some posts here on when and how to pay off or pay down debt, I think there may be some common misunderstandings. While there may be some exceptions or differences (check the fine print of loan documents), I believe the following is generally true: Mortgage Loans : Almost all fixed rate mortgage...
by dm200
Fri Aug 19, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Reports and Credit Scores - misunderstanding/misinformation
Replies: 0
Views: 134

Credit Reports and Credit Scores - misunderstanding/misinformation

In some past jobs, I have been directly involved in aspects of credit reporting and credit scores. Some posts and discussions, in my opinion and experience, are not correct. While I do not know all of the aspects for all entities, let me state what I believe are facts. 1. Credit bureaus (Equifax, Tr...
by dm200
Fri Aug 19, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: non profit scholarship fund wishes BH advice
Replies: 10
Views: 436

Re: non profit scholarship fund wishes BH advice

Let me also add that such funds are, unfortunately, often subject to varying degrees of insider abuse, fraud, embezzlements, etc. These kinds of things range from someone (such as an investment "advisor") taking a big percentage cut for "management" and "administration"...
by dm200
Fri Aug 19, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: non profit scholarship fund wishes BH advice
Replies: 10
Views: 436

Re: non profit scholarship fund wishes BH advice

Does this scholarship fund receive ongoing donations, or is this amount (about $300,000) expected to be the ongoing investment amount going forward (perhaps indefinitely)? I agree that this percentage for "management" seems quite high. To what degree is this fund willing and able to withst...
by dm200
Fri Aug 19, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: Instant oatmeal vs "regular" oatmeal
Replies: 51
Views: 3269

Re: Instant oatmeal vs "regular" oatmeal

According to credibile things I read (and often follow), regular if better for you than instant - even if the actual contents (calories, protein, fat, etc.) are identical in substance. The difference is that instant is finer and that this is digested more quickly - raising blood sugar and insulin. I...
by dm200
Thu Aug 18, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Loan for Owner Occupied Multi-Family
Replies: 4
Views: 364

Re: Loan for Owner Occupied Multi-Family

It appears most lenders hit you with a 25-50 bps premium on the interest rate (compared to single family home) and require you to put 25% down to qualify for their best rates on a multi-family property. Any recommendations for lenders that specialize in owner occupied multi-family buildings? Specif...
by dm200
Thu Aug 18, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient way to build credit
Replies: 21
Views: 834

Re: Efficient way to build credit

I can tell you this, paying off your credit card bill in full does nothing for your score. This is an issue I've tried to figure out for 5 years now, I don't have a FICO score because there's not enough history and I have no debt. That depends on all of the details. If you have a large perceotage o...
by dm200
Thu Aug 18, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way to build credit
Replies: 21
Views: 834

Re: Efficient way to build credit

Can you add her as a joint borrower on your accounts?
by dm200
Thu Aug 18, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Donate securities, have charity use assets to purchase (my) house
Replies: 13
Views: 746

Re: Donate securities, have charity use assets to purchase (my) house

I don't see anything wrong with this, so long as you have no influence over the BoD of the charity. The wording of your original posting makes it look like a quid pro quo transaction, but in fact it is not, right? 1. You want to sell your house. 2. You have some securities to donate to a charitable...

Go to advanced search