Search found 253 matches

by gips
Wed Aug 09, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: foursquare laptop warranty for college bound daughter
Replies: 17
Views: 957

foursquare laptop warranty for college bound daughter

I purchased a new laptop off dell's outlet site for $800, comes with a one-year warranty for malfunctions. I can get a 3-year warranty from squaretrade with a $99 deductible for $199, includes drops, spills, and malfunctions. So figure it will cost me $300 for the first repair, $200 for the second. ...
by gips
Tue Aug 08, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: College and Paying for it
Replies: 61
Views: 4051

Re: College and Paying for it

there was a study of earnings for liberal arts vs stem students. For stem students, the school they attended had no effect on earnings. For liberal arts graduates, the school attended was very meaningful. we have three full-pay kids. We gave them each a budget that was sufficient to attend any schoo...
by gips
Fri Jul 21, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: if spreadsheet with account balances goes to hackers?
Replies: 11
Views: 1073

if spreadsheet with account balances goes to hackers?

Hi, I have a spreadsheet with brokerage, investment (cusip, ticker), amount and a bunch of characteristics of the investment. I don't have account numbers, passwords, etc. stored in the spreadsheet. For ease of sharing, I'd prefer to store unencrypted on google drive (I do have encryption software f...
by gips
Fri Jun 30, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Best cars for multiple kids
Replies: 51
Views: 3281

Re: Best cars for multiple kids

we too narrowed it down to odyssey vs Siena. chose the odyssey over the sienna because 1) there was a lot more luggage space and 2) it was less expensive. Not sure if either of those factors hold true today as our odyssey is nine years old and still in great working condition. we sure didn't want a ...
by gips
Mon Jun 19, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: NYC coop
Replies: 12
Views: 1329

Re: NYC coop

I agree she needs to meet with the board, a reasonable compromise is to adjust the net worth requirement based on the sales price of the coop. Unfortunately, the net worth requirement may be in place to "keep the riff raff out". we had a coop we couldn't sell, we were able to relocate by s...
by gips
Tue Jun 13, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: replace deck, veranda from home depot?
Replies: 6
Views: 1107

Re: replace deck, veranda from home depot?

thanks for the replies. I have a basic problem purchasing material where there's no pricing competition (veranda is exclusive to home depot) but I suppose they are competing against other composites.
by gips
Sat Jun 10, 2017 10:53 pm
Forum: Personal Consumer Issues
Topic: replace deck, veranda from home depot?
Replies: 6
Views: 1107

replace deck, veranda from home depot?

Hi,

our deck is 30 years old, our contractor is steering us towards veranda from home depot. He doesn't make any money on materials since we purchase the materials. Any experiences, positive or negative? is there another material we should look at?

tia,
by gips
Thu Jun 01, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: avoiding spam?
Replies: 8
Views: 567

Re: avoiding spam?

you never get spam in your inbox? or you never get spam in your spam folder?
by gips
Thu Jun 01, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: avoiding spam?
Replies: 8
Views: 567

avoiding spam?

I get a lot of spam. Google does a good job filtering it but I'm thinking about starting over and attempting to stay spam free. here's my plan: - obtain a new email address - use a forwarding service like sneakemail or trashmail. These services allow one to create new email addresses and forward to ...
by gips
Mon May 29, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: am I the victim of ID theft?
Replies: 15
Views: 2158

Re: am I the victim of ID theft?

thanks, I checked my credit report, no new activity. I think all is well!
by gips
Sat May 27, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: am I the victim of ID theft?
Replies: 15
Views: 2158

am I the victim of ID theft?

This morning received an emailed receipt from thrifty for another person. The receipt had my home address and it was obviously sent to my email address but the name on the receipt was someone else. The rental occurred in las vegas. I don't recognize the last four digits of the credit card. I checked...
by gips
Wed May 17, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Does trade execution speed matter?
Replies: 15
Views: 1749

Re: Does trade execution speed matter?

I contacted Fidelity about whether I could have the 500 free trade promotion applied to ALL my accounts if I transfer one account with greater than $100k. They basically said no, but they might be willing to give me a few free trades in other accounts too. The Fidelity CSR then said, "You shou...
by gips
Tue May 09, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3550

Re: First 100 mile bike ride

Yes, Yes, and it's a great sense of accomplishment finishing one of these beasts. I climbed Mt. Evans last year just because I wanted to say I did it - 27 miles of up, up, and more up. Ended up being of the most fun riding experiences I've had - just absolutely awesome . Accomplishment, breathtakin...
by gips
Tue May 09, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: First 100 mile bike ride
Replies: 51
Views: 3550

Re: First 100 mile bike ride

I guess I'm a minority of one, my advice: don't do it. will it be fun while you're doing it? will it be good for your health? I love to ride but just don't see the point of a 100-mile ride for the sake of saying I did it.
by gips
Wed May 03, 2017 9:28 am
Forum: Personal Finance (Not Investing)
Topic: best way to get a handle on expenses?
Replies: 16
Views: 1324

Re: best way to get a handle on expenses?

thanks...we have a number of banking transactions for vendors that don't take credit cards. a separate download I guess.
by gips
Wed May 03, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: best way to get a handle on expenses?
Replies: 16
Views: 1324

best way to get a handle on expenses?

I've been retired since aug, I have a general sense of our expenses but would like to drill down into specifics. Having said that, I don't want to spend an hour per day entering expenses, so I'm looking for something easy. Mint has a pretty complete picture but at times I've found double entries, po...
by gips
Sun Apr 23, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 21423

Re: Any regrets living a frugal life for high income/high networth individuals?

I don't have any real regrets but as I got older, I learned to pay for quality. For me, this meant an extra $300 for a well-designed, light laptop, an extra $500 for a TV, $250 for shoes, etc. In the end, I've found goods with better quality last longer and give more pleasure in their use. I wish I'...
by gips
Thu Apr 20, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1885

Re: Starting "web site business". Need an LLC?

In addition to the practices outlined above, my lawyer advised me to conduct annual meetings (with myself) and record minutes.
by gips
Wed Apr 19, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1885

Re: Starting "web site business". Need an LLC?

I opened an LLC in NY, as mentioned it was $800 via a lawyer. It was many years ago, perhaps the rules have changed. I can't speak for your state but at least federally, an LLC doesn't have to 'act like a corporation.' A single member LLC can be a disregarded entity. This means a separate business r...
by gips
Wed Apr 19, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1885

Re: Starting "web site business". Need an LLC?

Are you going to have employees? If not, an LLC may be unnecessary. Read more here: https://www.bogleheads.org/forum/viewtopic.php?t=175668#p2655350 the nolo link is very good but I'm not sure how you came to that conclusion. While it's true the llc can't protect you from negligence, my experience ...
by gips
Tue Apr 18, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Starting "web site business". Need an LLC?
Replies: 20
Views: 1885

Re: Starting "web site business". Need an LLC?

I've started two businesses, wouldn't have been able to sleep at night without the protection that an LLC (or other corporate structure) offers. One of the businesses was a web-based retail business. i was worried about: - credit card info being stolen - personal information being stolen - lawsuit b...
by gips
Fri Mar 24, 2017 12:15 am
Forum: Personal Consumer Issues
Topic: Wimbledon 2017 - Experiences?
Replies: 10
Views: 875

Re: Wimbledon 2017 - Experiences?

I was on a client project 5 years ago during Wimbledon. Finished early my last day, waited about 2 hours on the queue. Once through, waited another 20 mins, paid 5 euro for a show court through the exchange booth. overall, the price was very reasonable but I did have to wait 2.5 hours. I'm a tennis ...
by gips
Wed Mar 15, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: My Lehman Brothers windfall!!!
Replies: 22
Views: 4393

Re: My Lehman Brothers windfall!!!

we're friends with a couple that retired around age 35 after hitting it big at two startups. In 2008, closer to age 45, they lost millions as lehman bondholders. I give them credit, they never complained about it, just did what they had to (back to work, downsized, cut expenses, went back to work).
by gips
Sat Mar 04, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Starting a company for first time at age 50
Replies: 14
Views: 1554

Re: Starting a company for first time at age 50

co-founded company a very successful company at 52. Some thoughts: - first step was a spreadsheet (business plan) which modeled our business: revenue, expense, income, and growth projections. - we immediately setup a corporate structure to reduce liability in case of lawsuit. I wouldn't be able to s...
by gips
Fri Mar 03, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 2268

Re: Momentum and the risk of crashes

thanks larry, in thinking about it, I guess an s&p 500 index fund is a momentum fund of sorts :^)

best,
by gips
Fri Mar 03, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 2268

Re: Momentum and the risk of crashes

Well, momentum has been widely known for decades now and is still persistent, though like most premiums, including beta, they have shrunk some over time due to publication and lower costs of trading/implementation. But there are still human behavior which doesn't change, there are still not for pro...
by gips
Wed Mar 01, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 17738

Re: Possibly Financially Independent and Feeling Miserable

I wonder if you're suffering from general depression/anxiety and what you're feeling about finances is an outgrowth of your general mental health. In any case, would you and your wife like to retire? have you thought about what you'll do? Have you carefully modeled all your expenses (travel, health ...
by gips
Wed Mar 01, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 2268

Re: Momentum and the risk of crashes

larry, thanks for posting the article, it was a good read. how would an individual investor make use of the information? If the author's are correct and a momentum strategy outperforms the broad market on a risk adjusted basis (including transaction fees), won't the strategy be widely implemented an...
by gips
Sun Feb 26, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 3392

Re: moving from landscaper/snow plower to diy in retirement

thanks for all the replies. I've done some research, I can get a floor model sear craftsman 20442 rider mower delivered for $1800. Comes w full warranty, well reviewed by consumer reports and on the sears site. Maybe I'm missing something but seems like the payoff would be one season or less. Anothe...
by gips
Sat Feb 25, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 3392

moving from landscaper/snow plower to diy in retirement

Hi, We live in ny and have about 1.5 acres of grass to cut. We've been using a landscaper, he's great but charges $80 per cut and $75 to plow our (long) driveway. Over the course of spring, summer and fall we pay him about $2400 just for cutting our lawn. Then there's spring cleanup, leaf pickup, pl...
by gips
Thu Feb 23, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 1075

Re: retired but thinking about value of self-employed income

I see, my bad, I was thinking 28% fed and 10% state. In any case, even if my portfolio was spinning off $400k a year, I'd still choose to spinoff earned income to capture the deduction. that's the way I roll.
by gips
Thu Feb 23, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 1075

Re: retired but thinking about value of self-employed income

cadreamer2015 wrote:Health insurance premiums are a deduction against self employment income. So are LTC insurance premiums.

https://www.irs.gov/uac/newsroom/dont-m ... f-employed


this is my understanding. I'm not sure what randomguy means about making $400k, I'm making $0 in earned income.
by gips
Thu Feb 23, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 1075

retired but thinking about value of self-employed income

I retired last year and we're using cobra, cost is $1600/month for our family of five. Not, sure, but it seems like I need self-employed income to deduct the $1600. So If I land in the 40% tax bracket, the $1600 of monthly income is worth closer to $2200. And then there's ability to contribute to a ...
by gips
Tue Feb 21, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12246

Re: Who would quit playing if they already won?

>>CDs vs High grade government bonds? there's not a one-size-fits-all answer for any of this but yes, for us, cd's make sense. there are quite a few threads on this. we recently moved money into the andrews 3.01% 84 month cd. it has a 6 month early withdrawal penalty so were I to withdraw after two ...
by gips
Tue Feb 21, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12246

Re: Who would quit playing if they already won?

Let me sound the voice of dissent, it's not entirely clear to me that living on a 2% withdrawal rate means you can blithely maintain a high equity allocation. for example, if you were 100% in equities and the market moved down 50%, your withdrawal rate would move to 4%, which may be too high. My app...
by gips
Wed Feb 08, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: finding a good estate lawyer (nyc, westchester)?
Replies: 9
Views: 741

Re: finding a good estate lawyer (nyc, westchester)?

^ good idea, but we use a large national accounting firm for our business and personal taxes as our tax situation was complex. I retired last year, there is some residual complexity but next year, I'll find a local accountant. still, it can't hurt to ask the partner that handles our business. thanks!
by gips
Wed Feb 08, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: finding a good estate lawyer (nyc, westchester)?
Replies: 9
Views: 741

finding a good estate lawyer (nyc, westchester)?

Hi, We need to do some fairly straightforward estate planning. I've asked around and have come to believe laymen have little sense if their estate lawyer has done a good job. Also, as one might imagine, cost is high in this area. how did you find your lawyer? How did you determine your lawyer did a ...
by gips
Mon Feb 06, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 365
Views: 30118

Re: Picking College and College Scholarships

I think the Ivy League and other super expensive schools are vastly over-rated (not sour grapes - I have multiple degrees from Ivy League schools myself). But the teaching isn't necessarily better at places like HYPS. In fact, I would argue that the teaching is usually worse at places like that. Mo...
by gips
Mon Feb 06, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 365
Views: 30118

Re: Picking College and College Scholarships

Upcoming visits: University of Chicago, for physics and math, showing interest in economics, so possible double major? Notre Dame Stanford Berkeley - considering passing, not a big fan the HIGH PC culture (not looking to start political debate, personal/ family judgement) Not planned yet: Need to b...
by gips
Fri Jan 13, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: pointers to info on medicare?
Replies: 8
Views: 706

pointers to info on medicare?

retired last year at 60, my wife is 53, I have another 13 months before cobra coverage ends, so trying to do some short and long-term planning. I don't know a thing about medicare other than the wikipedia article I just read. I'm interested in researching things like quality of service, cost, necess...
by gips
Tue Jan 10, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Prioritize college savings or retirement savings?
Replies: 6
Views: 693

Re: Prioritize college savings or retirement savings?

I just finished making our last payment for our oldest child, middle child is a soph and youngest will be starting next year. Our strategy was to maximize our state deduction for 529s ($10k), max our tax-advantaged savings (401k), and put the rest in taxable accounts. If you live in a state with goo...
by gips
Thu Jan 05, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: "Academic Research Doesn't Always Make Grade in Real World"
Replies: 47
Views: 4181

Re: "Academic Research Doesn't Always Make Grade in Real World"

I really don't understand the focus on tilts/factor based investing. let's say there's academic research that factor x (momentum for instance) outperforms the broad market index on a risk-adjusted basis. If true, given the efficiency of our markets, the premium should quickly disappear. more likely ...
by gips
Thu Jan 05, 2017 12:08 am
Forum: Investing - Theory, News & General
Topic: tax loss harvesting brokered cds?
Replies: 2
Views: 260

tax loss harvesting brokered cds?

I did some tax loss harvesting on dec 31. As I was sorting through my positions, it occurred to me that as interest rates rise, it might make sense to tax loss harvest my brokered CDs.

has anyone looked at this?

tia,
by gips
Sun Jan 01, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 21481

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

I retired this year and have a very simple rule for my equities allocation. I ask myself the question: "If the stock market falls 50%, will I have enough money to live comfortably to 85?". For me, this has resulted in a 40% allocation to equities. Honestly, I'm a lot more worried about my ...
by gips
Fri Dec 23, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 3272

Re: Cappuccino/Espresso machine recommendations?

I'm not a coffee geek but my wife loves good coffee so I did some research and, in boglehead spirit, found a way for her to make world class coffee while saving us lots of money. I purchased a good refurbished coffee grinder, the baratza virtuoso for about $185 and a home roaster m for about $175. S...
by gips
Fri Dec 23, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: depositing checks over the $250k FDIC limit
Replies: 13
Views: 1305

Re: depositing checks over the $250k FDIC limit

I'd just deposit and transfer the money. Personally, I'd get the uninsured amount out of the account asap even though the risk is probably very low.
by gips
Wed Dec 14, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: pushing sale to next year for lower cap gains rate?
Replies: 2
Views: 563

pushing sale to next year for lower cap gains rate?

Hi, I retired in the middle of this year. I have $300k of unrealized long-term cap gains in a single small cap stock that I received as payment for my company. the position represents about 40% of portfolio so I'd like to liquidate and diversify. Am I correct that as long as I keep my income (w2 and...
by gips
Tue Nov 29, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 79
Views: 11187

Re: Three fund portfolio for retirement

Bob,

what are current real yields of tips? When you say long and short term, what durations are you talking about? How much principal can an investor expect to lose if (I should really say when) rates rise 1%?

thanks,
by gips
Sat Nov 26, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 566
Views: 143535

Re: Share your net worth progression

a friend's sister is a prof at stanford, she convinced me that index funds were the way to go long before they were in vogue (I want to say over 30 years ago). The same friend suggested the millionaire next door and a random walk down wall st. The two of us followed different career paths and not su...