Search found 15 matches

by eye.surgeon
Fri Aug 18, 2017 12:49 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 8696

Re: When does renting make sense

According to Ken Rockwell: After selling my condo of 17 years, sure, I sold it at the top of California's recent real estate bubble for four times what I paid. But wait: unlike a financial investment, I had to pay mortgage interest, taxes, utilities, repairs, homeowner associations and loads of othe...
by eye.surgeon
Wed Aug 16, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 8696

Re: When does renting make sense

The rent vs buy decision is not completely a financial decision. Buying provides stability that renting does not. Many will find that stability provides more quality of life than does the money saved renting. You have to put a monetary value on the stability of home ownership, and compare it to the ...
by eye.surgeon
Thu Aug 03, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: does solar increase the value of a house
Replies: 61
Views: 5199

Re: does solar increase the value of a house

Here in Fresno solar panels are ubiquitous in better neighborhoods since we're one of the sunniest spots in the country with the highest energy rates. Solar leases are a significant impairment to home sales and will become an increasing problem as all these homes that opted for leases come up for sa...
by eye.surgeon
Tue May 09, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 708

Re: small change left over in IRA from backdoor conversion--what should I do

Perfect, thanks. I hate the new vanguard system for backdoor Roth conversions.
by eye.surgeon
Tue May 09, 2017 1:15 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 708

small change left over in IRA from backdoor conversion--what should I do

Somehow with the couple days delay between putting $5,500 in my traditional IRA and the backdoor conversion to a roth IRA on vanguard.com, I got an 84 cent divident, which now after the rollover, means I have 84 cents sitting in a traditional IRA. I assume I don't want this? Should I sell it? Does i...
by eye.surgeon
Thu Apr 20, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Is an IRA conversion the same as a backdoor IRA?
Replies: 2
Views: 362

Is an IRA conversion the same as a backdoor IRA?

Vanguard changes their website interface so much that every year when I do my backdoor Roth IRA contribution it's a different method. This year it's different again. I have already contributed $5,500 into my traditional IRA account yesterday, now when I try to exchange that fund for a Roth IRA fund ...
by eye.surgeon
Fri Apr 07, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4507

Re: Any reason NOT to do a backdoor Roth IRA?

I have a close relative who is a CPA and thinks it is not allowed. He realizes one can easily do it and probably not expect any consequences. But he feels it would violate his professional ethics to recommend it or assist clients with it. It's the tax code that is highly unethical. If your close re...
by eye.surgeon
Thu Apr 06, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6790

Re: Economics of Charging an Electric Car

So I should spend ~$100k on a luxury EV so that I can then brag about my favorable EV economics like forgoing $30 oil changes, once-a-decade tune ups, or saving $20 monthly in fueling costs vs ICE? And as for maintenance, lets compare total maintenance costs at the 10 or 15 year mark with ~150k mil...
by eye.surgeon
Thu Apr 06, 2017 4:48 pm
Forum: Personal Consumer Issues
Topic: Economics of Charging an Electric Car
Replies: 85
Views: 6790

Re: Economics of Charging an Electric Car

I've had my Tesla model S for 2 years. I charge at night for $.12 per kilowatt hour, California PG&E electric car rate. Since I have a Tesla supercharger near my work I charge it there while I eat lunch once a week, which usually lasts all week, meaning my actual cost to charge at home is about ...
by eye.surgeon
Thu Apr 06, 2017 12:35 am
Forum: Personal Consumer Issues
Topic: How to Sell Gold Watch from Last Kaiser of Germany?
Replies: 11
Views: 1708

Re: How to Sell Gold Watch from Last Kaiser of Germany?

Sell the Rolex on timezone.com, a watch enthusiast community. There's an active sales corner frequented by trustworthy collectors.
by eye.surgeon
Thu Apr 06, 2017 12:28 am
Forum: Personal Consumer Issues
Topic: Selling A Semi-Valuable Vehicle
Replies: 12
Views: 1535

Re: Selling A Semi-Valuable Vehicle

I've sold several personal vehicles over $20k on craigslist, with a moderate amount of hassle. It's certainly doable. I sold one for $32k, in cash.
by eye.surgeon
Wed Apr 05, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2467

Re: best place to keep $20k for 2 years

Correct, the car was sold in Sept 2014 as a 2015 model. I bought it 2 yrs ago. The steepest part of the depreciation curve was on someone else's dime. The original owner kept it 6 months and put 20k miles on it.
by eye.surgeon
Wed Apr 05, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2467

Re: best place to keep $20k for 2 years

With two teenage drivers, my insurance rates are such that it makes no sense to non-op it, as comp-only insurance premiums over 2 years will still be > depreciation.
by eye.surgeon
Wed Apr 05, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: best place to keep $20k for 2 years
Replies: 20
Views: 2467

best place to keep $20k for 2 years

My 18 yr old son is leaving home for 2 years doing church service internationally, so I am going to sell his car (2015 VW GTI, purchased used 2 yrs ago with cash) and buy another one when he returns. I would like to sequester the sales proceeds to use on another car when he gets back by investing it...