Search found 2214 matches

by inbox788
Fri May 27, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Living without a checking account
Replies: 44
Views: 2974

Re: Living without a checking account

I have 5 or so checking accounts that I seldom use. One is purely for billpay online so no paper checks are ever used (although I have some paper checks as backup). A couple of others are joint accounts that are nearly never used, but a convenient way to move monies around. There is one account that...
by inbox788
Fri May 27, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway always beats SP500
Replies: 47
Views: 4172

Re: Berkshire Hathaway always beats SP500

Yes, need to compare total return, not just stock price changes. BH is basically a 0 expense ratio concentrated quantitative value and private equity mutual fund traded as a stock with a high entry fee (essentially a fund minimum). Manager risk is a huge problem for the future. High entry fee was tr...
by inbox788
Fri May 27, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 25106

Re: Costco AMEX Transition - Costco has no answers

Yes, the cards are coming. We got ours on Monday, D got hers on Tuesday, my folks hadn't gotten theirs yet. The paperwork does state the credit limit. I plan to just use my CapOne Spark Visa and get 2% for most purchases, including Costco. May use the Costco Visa for Costco gas, otherwise not sure ...
by inbox788
Fri May 27, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: very simple Whole Life question
Replies: 6
Views: 550

Re: very simple Whole Life question

Yes, you should take the better loan if you're going to take a loan. You are not borrowing from yourself. You are borrowing from the insurance company with the policy as collateral. A 3% tax deductible loan beats a 5% non-deductible loan every time. Be sure to also understand the difference between...
by inbox788
Fri May 27, 2016 5:03 am
Forum: Personal Consumer Issues
Topic: Best credit card deal
Replies: 62
Views: 4526

Re: Best credit card deal

Just opened the Citi Double Cash card today. Was semi-pleased to get a starting limit of $10k after some of the horror stories out there...but I'm still going to call and try to have them raise it. Our strategy going forward will be: - Amex BlueCash Preferred for 6% on groceries - PenFed Platinum C...
by inbox788
Wed May 25, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Selling VTI Covered Calls
Replies: 28
Views: 1449

Re: Selling VTI Covered Calls

I've sold puts for TESLA that were at the strike price of $100/share and even $50/share when the stock was selling at $200+. I don't believe I'll ever get forced into it at $50/share by the way, I'm just picking up some extra premium for selling downside protection. As long as you understand the ri...
by inbox788
Wed May 25, 2016 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Selling VTI Covered Calls
Replies: 28
Views: 1449

Re: Selling VTI Covered Calls

1) do you believe in the efficient market theory and does it apply to the options marker? When the market is inefficient, can you figure out which side to be on? 2) tail risk - a stock's price rises or falls dramatically. When it rises fast, you missed the boat. You get a small benefit, but missed o...
by inbox788
Tue May 24, 2016 3:03 am
Forum: Investing - Help with Personal Investments
Topic: Understanding currency exchange in ETF
Replies: 12
Views: 638

Re: Understanding currency exchange in ETF

I don't understand the nature of the confusion. You have Canadian dollars and want to buy Canadian SP500 ETF, which constantly adjusted to US priced SP500. See previous post about arbitrage. Same adjustment is being made in currencies. So while the nominal price of either ETF changes, it's automatic...
by inbox788
Fri May 20, 2016 2:31 am
Forum: Personal Consumer Issues
Topic: Best credit card deal
Replies: 62
Views: 4526

Re: Best credit card deal

If you are not a churner, and not interested in learning the ins and outs of frequent flyer programs a 2% cashback card is your best choice. Consider Citi Double Cash. this or fidelity is probably what Ill do. Thanks! Why don't you have credit cards? What do you intend to do with the one you get be...
by inbox788
Thu May 19, 2016 10:30 am
Forum: Personal Consumer Issues
Topic: How to decide who gets the used Iphone
Replies: 15
Views: 1134

Re: How to decide who gets the used Iphone

A used iPhone 4s is near extinction. All of you should pass. Wipe it and sell it on Craigslist for $50 or as much as you can get. Any newer Android based phone is better than an older iPhone. +1 for switching to Cricket. Or if you are adventerous, RingPlus.net. :shock: An iPhone 4s is ancient, not ...
by inbox788
Tue May 17, 2016 7:58 am
Forum: Personal Consumer Issues
Topic: Trade in BMW?
Replies: 45
Views: 3755

Re: Trade in BMW?

In fact, luxury car owners are more often not high net worth individuals. Spending on luxury cars takes away from net worth. If your net worth is high enough, it doesn't matter. IMO, low net worth individuals shouldn't be buying luxury cars, and buying luxury cars shouldn't turn high net worth indi...
by inbox788
Tue May 17, 2016 7:52 am
Forum: Investing - Theory, News & General
Topic: For those of you in the Accumulation Phase - How often do you check?
Replies: 62
Views: 4748

Re: For those of you in the Accumulation Phase - How often do you check?

I check every time I'm in front of my computer, which is every day. And you, my friend, have a lot invested or you invested in Enron. $50,000 drop!! Well done. I actually like to see the look on my wife's face when I tell her we've lost $25000. That hasn't happened often but it's always good for a ...
by inbox788
Tue May 17, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 2696

Re: selling classic car - tax?

You've spent more than what it would sell for, just no receipts? What about credit card statements? Cancelled checks/check copies? Bank statements? Quicken entries recording your bank statements? We're talking 40+ years here. Even I don't keep cancelled checks, bank statements, credit card statemen...
by inbox788
Tue May 17, 2016 7:29 am
Forum: Personal Consumer Issues
Topic: Food budget and frequent visitors who stay at our home
Replies: 43
Views: 2929

Re: Food budget and frequent visitors who stay at our home

Any suggestions for planning our food budget to accommodate visitors who spend a few days with us? Are you asking how to budget for the food costs of visitors? Or how to provide food cheaply? If the former, you could just average out last years' costs. I'm asking how to stretch our food budget to i...
by inbox788
Tue May 17, 2016 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5756

Re: Can someone explain to me how Term life is a better choice than WLI.

On the term side, the total death benefit is the sum of the term face and the balance of the investment fund. On the perm side, the total death benefit is just the face amount ("perm DB"). What the chart shows is the difference between the two total death benefits. The two are mostly equa...
by inbox788
Tue May 17, 2016 4:46 am
Forum: Investing - Theory, News & General
Topic: WellsTrade cancels "risky" orders
Replies: 13
Views: 2198

Re: WellsTrade cancels "risky" orders

How many shares are you trading? These are thinly traded ETFs. While some brokers may offer free trades, the spreads are probably wide at times. You may want to see if there is some sort of alert that can contact you when an order gets cancelled, but if they're simply vanishing, it's likely a system...
by inbox788
Mon May 16, 2016 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 4794

Re: Is now a bad time to transfer money to Vanguard???

Your math is also wrong. You cannot add and subtract % gains and losses. Don't feel bad, probably less than 1% of the population actually understands compounding or geometric averages. Unfortunately this means that 99% of the population is vulnerable to financial salespeople. This math isn't right....
by inbox788
Sat May 14, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 4794

Re: Is now a bad time to transfer money to Vanguard???

This math isn't right. The market could also shoot up 10% and then pull back 8%, leaving it still 2% higher than where it's at today. You found the drop but it's still higher than where it originally was. 10 minus 8 equals positive 2. Sounds about right to me. I think the point is that you're just ...
by inbox788
Sat May 14, 2016 7:16 pm
Forum: Personal Consumer Issues
Topic: Food budget and frequent visitors who stay at our home
Replies: 43
Views: 2929

Re: Food budget and frequent visitors who stay at our home

Sure would appreciate input. If there is a ready a thread in this, could someone direct me there? . We are on a relatively tight food and dining budget ( eat at home , rarely in restaurants, etc) and we don't live anywhere that is a tourist magnet. However, we do have frequent visitors, especially ...
by inbox788
Fri May 13, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5756

Re: Can someone explain to me how Term life is a better choice than WLI.

The simple explanation is that there is a window where a permanent life insurance policy would "win" versus a term/investment combination. Buying term and investing doesn't always beat a permanent policy. You can see a simple PermTerm comparison spreadsheet here . I originally set that up...
by inbox788
Fri May 13, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

How soon until Google becomes the largest portion of VTI? Yesterday! Apple is no longer the world's most valuable company https://ca.finance.yahoo.com/news/google-owner-alphabet-now-most-150039122.html http://qz.com/684005/google-isnt-taking-the-crown-as-the-worlds-largest-company-apple-is-losing-i...
by inbox788
Fri May 13, 2016 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 2696

Re: selling classic car - tax?

I believe the capital gains tax rate on "collectibles" is your normal ordinary Federal income tax rate (no 15% long term capital gains advantage) with the maximum Federal capital gains tax rate on collectibles of 28%. I think "collectibles" would normally be thought of as fine a...
by inbox788
Fri May 13, 2016 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to transfer money to Vanguard???
Replies: 48
Views: 4794

Re: Is now a bad time to transfer money to Vanguard???

Even if you go to cash there is no reason not to transfer to Vanguard. Vanguard has money markets and short term bond funds. I would allocate similar to your current allocation held at the bad advisor assuming it was allocated to your satisfaction.. Oh, no! If it's bad, I just transferred money to ...
by inbox788
Fri May 13, 2016 11:16 am
Forum: Investing - Theory, News & General
Topic: Marketwatch article: I dissected the S&P 500
Replies: 22
Views: 2040

Re: Investing in the 50 largest U.S. companies

This article wasn't particularly insightful, and is borderline a waste of time. What's the actionable conclusion? That the S&P index is not as well diversified as a hypothetical person who believes it's well diversified thinks it to be? Frankly I think a more insightful conclusion, which I will...
by inbox788
Fri May 13, 2016 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20850

Re: Physician Retirement Savings

Age 41 Wife is a SAHM Retirement savings: 2 million Retirement Goal: 5 million with a paid off house by age 55. Since folks are advocating firecalc, this may be a misuse of the tool, but provides an interesting possibility. I plugged in 0, $2m, 14 and got: FIRECalc looked at the 132 possible 14 yea...
by inbox788
Fri May 13, 2016 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Can someone explain to me how Term life is a better choice than WLI.
Replies: 69
Views: 5756

Re: Can someone explain to me how Term life is a better choice than WLI.

What about the part where you get Term insurance and use the rest of the money to invest? So for ex. my premium is $80 monthly instead of a WLI premium at $280. Then I would use the $200 to invest into a IRA or ROTH account that over 20 will grow? Here's some simple math. You pay $280/month for 20 ...
by inbox788
Thu May 12, 2016 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Timing on exercising stock options
Replies: 5
Views: 273

Re: Timing on exercising stock options

They don't expire. And my understanding is that if exercise now, I pay like $0.04/share. So if we go public at say $3/share that's a profit (of course there are tax implications). Likewise, if we sell, the buying company could honor the shares, or buy out the shares... but that's not necessarily a ...
by inbox788
Thu May 12, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 25106

Re: Costco AMEX Transition - Costco has no answers

I am already a Costco member. I never got the Costco AMEX since I had the higher earning Fidelity AMEX. Now that fidelity AMEX is going away, and the Costco VISA has better or equal rewards as the fidelity VISA, I'm interested to apply for the Costco VISA to start using on 6/20 but it doesn't look ...
by inbox788
Thu May 12, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 163
Views: 25106

Re: A Question about American Express Replacement Cards

I have been wondering about the replacement American Express cards, for those who are replacing their AE/Costco card with another AE offering.. According to AE customer services folks, if I replace my AE/Costco card with another AE card, my "Member Since 99" will not be affected, and my A...
by inbox788
Thu May 12, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

Do share buybacks directly benefit shareholders and if so how please? IMO, share buybacks is same as dividends. They both use up free cash. All things being equal, you could take the dividends and buy more stock. Or if you didn't want buybacks, you could sell a small amount equal to the dividend. I...
by inbox788
Thu May 12, 2016 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Timing on exercising stock options
Replies: 5
Views: 273

Re: Timing on exercising stock options

When do your options expire? What advantage is there to exercising before going public?
by inbox788
Wed May 11, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

The problem with Apple’s “cash pile” is that most of it is not actually “cash” nor “on hand,” and it doesn’t take into account Apple’s debt. Apple has about $16.7 billion in cash and equivalents on its balance sheet. The majority of the assets included in its reserve is stashed in long-term marketa...
by inbox788
Wed May 11, 2016 1:50 pm
Forum: Investing - Theory, News & General
Topic: WSJ Article Dividends Aren't the Answer, They're the Problem
Replies: 57
Views: 8900

Re: WSJ Article Dividends Aren't the Answer, They're the Problem

You are missing the point, it is statistically very unlikely that you can create more retirement income through your dividend holdings than owning the Total Stock Market index fund. It's an illusion, I used to be a dividend guy myself, but facts are facts. I agree, but I don't think it will be diff...
by inbox788
Wed May 11, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor at 0.03% [actually 0.3%]
Replies: 53
Views: 8006

Re: Vanguard advisor at 0.03%

As an American who happens to live abroad, I had a terrible experience with Vanguard. They were like, oh, you have a passport and live abroad, we don't want your business. It was bizarre. It's pretty well known that you have to live in the US to invest with Vanguard. Upon learning that, I don't thi...
by inbox788
Tue May 10, 2016 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

The evidence is crystal clear: stock picking may add a small bit of excess return versus the whole market... I don't disagree with most of what is said, except with this point. Where is this excess return coming from? Are you picking stocks not part of the whole market? If you're picking stocks fro...
by inbox788
Tue May 10, 2016 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance?
Replies: 39
Views: 3500

Re: How often to rebalance?

I too was recently wondering about this being a relative newcomer to the BH world. This paper from Vanguard I found very useful as an intro the research behind rebalancing https://www.vanguard.com/pdf/icrpr.pdf I looked at this before, but taking another brief look. Figure 7 tells me Quarterly is o...
by inbox788
Tue May 10, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

... many stocks will do better than the market average. Is this true? Do you have any numbers to support this? I thought most of the markets return is actually explained by a minority of the stocks i.e. the large majority of stocks do worse than the market average and a few high fliers are responsi...
by inbox788
Tue May 10, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

The evidence is crystal clear: stock picking may add a small bit of excess return versus the whole market... I don't disagree with most of what is said, except with this point. Where is this excess return coming from? Are you picking stocks not part of the whole market? If you're picking stocks fro...
by inbox788
Tue May 10, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: Carmax accident report
Replies: 11
Views: 754

Re: Carmax accident report

The reported damage came from the police officer's report, based on his judgement. The data is farmed sometimes from those uniform traffic incident reports. Total physical damage was ~$1,600 all said and done. Regardless, as far as the OP is concerned, he should still inspect as I described. If it ...
by inbox788
Tue May 10, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Carmax accident report
Replies: 11
Views: 754

Re: Carmax accident report

Inspect the car for damage. If you can't identify that there was any damage when inspecting and knowing that there was damage in that area then it was likely repaired correctly and not an issue. I was recently in a collision in my full sized truck vs. a Toyota Corolla (merged on me). My damage was ...
by inbox788
Tue May 10, 2016 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

According to Morningstar's portfolio x-ray stock intersection tool, 0.05% of our portfolio is in Apple! You're underweight AAPL. What else are you underweight? I was underweight AAPL during some boom AAPL years, so my ex-AAPL portion of the portfolio had to outperform just to keep up with Total Mar...
by inbox788
Tue May 10, 2016 1:07 pm
Forum: Investing - Theory, News & General
Topic: Backtesting David Swensen Lazy Porfolio against Three Fund
Replies: 57
Views: 8402

Re: Backtesting David Swensen Lazy Porfolio against Three Fund

Interestingly, a 50-50 mix of intermediate treasuries and intermediate TIPs, as recommended by Swensen, returned +5% in 2008, the same return as TBM. Interesting. An investor has to wonder why hold two separate funds with additional complexity (and often higher costs) when one will do. That's one p...
by inbox788
Tue May 10, 2016 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 8045

Re: Should I hold on to my Apple stock?

But what he bought high at 128, it's now at 93 and he would not buy it back at 93 if he had the cash today, BUT he has no idea what else to buy that's better. He would get a better risk/return with Vanguard Total Stock Market Index Fund. So you would tell him to sell at a loss and put it in the ind...
by inbox788
Tue May 10, 2016 12:16 pm
Forum: Personal Consumer Issues
Topic: Carmax accident report
Replies: 11
Views: 754

Re: Carmax accident report

How much are you saving? I probably would skip it and not bother. What you save now will lower its resale value down the road, so you're not saving whole amount. It's probably ok, but there's the nagging uncertainty to worry about. You'd be worried about structural damage and if the accident was bad...
by inbox788
Mon May 09, 2016 3:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 151
Views: 22152

Re: Vanguard Partnering with Yodlee

iceport, Thanks for being a guinea pig. I've been watching and trying data aggregators for a decade and haven't hit upon a good one yet. It's not solely Vanguards fault or Yodlee's fault, but the complexity of the information that's being aggregated. It's a case of you get what you pay for. Where's ...
by inbox788
Mon May 09, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: OK to let Nanny drive car?
Replies: 24
Views: 2919

Re: OK to let Nanny drive car?

How old is the nanny or how many years of driving experience does she have? I wouldn't trust a new driver with my cars and especially not my kids. For rare use or emergencies, I'd make exceptions.
by inbox788
Mon May 09, 2016 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth $6500 if turning 50 this year
Replies: 3
Views: 389

Re: Backdoor Roth $6500 if turning 50 this year

retiredjg and Ehengineer,

Thanks for the reassurance!

And finding the reference. I looked, but didn't find the specific age birthday thing. It's right there in plain view when you know where to look, but they hide it well in pages and pages of regulation, so to me it was buried quite deep.
by inbox788
Mon May 09, 2016 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Making my own German index "fund"
Replies: 37
Views: 2014

Re: Making my own German index "fund"

Thanks for the replies everyone. So what I'm getting is a sense that buying large cap German stocks would be buying multinational corporations deriving a most of their profits outside of Germany. In this case, would these German companies not be very much like the SP 500 companies? I have come to t...
by inbox788
Mon May 09, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 24
Views: 2206

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

Here's a good argument for bonds in taxable. http://whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ Is it? Or is it an argument to put bonds in taxable as opposed to Roth IRA? "Bonds in taxable" might be quite misleading. The whole whitecoatinvestor argument was restricted to mu...
by inbox788
Mon May 09, 2016 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth $6500 if turning 50 this year
Replies: 3
Views: 389

Backdoor Roth $6500 if turning 50 this year

It appears there's a benefit from turning 50 later this year with IRA contributions raised from $5500 to $6500. I just wanted to make sure there were not any gotchas doing the Traditional IRA contribution today for the over 50 amount ($6500) and converting it before turning 50. Or is it better to wa...

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