Search found 590 matches

by nimo956
Thu Aug 25, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Play account at Robinhood.....less than $100
Replies: 21
Views: 944

Re: Play account at Robinhood.....less than $100

What usually has happened is I see a stock on the rise buy and then within 24 hours it's worth 1/2 what I paid. Did you really expect making money in the stock market to be as easy as buying a stock on the rise and seeing the upward trend continue indefinitely? The stock market is an auction sellin...
by nimo956
Sat Aug 13, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: new chapter of life started - want to save and grow money
Replies: 71
Views: 5817

Re: new chapter of life started - want to save and grow money

So you graduated residency, still with a sizable amount of student loan debt, and instead of working on paying it off you decided to immediately spend your entire savings on financing a house, furniture, 2 new cars, and a vacation on credit cards. That is an incredibly serious mistake, which will se...
by nimo956
Fri Aug 12, 2016 8:22 am
Forum: Personal Consumer Issues
Topic: Suppose one has been rear ended...
Replies: 33
Views: 2313

Re: Suppose one has been rear ended...

Can't believe some people would call 911 for a fender bender. This exact situation happened to me, and I was able to settle it amicably without involving insurance (causing the person at fault's rates to drastically increase). Exchange information with the other party. Get an estimate for the repair...
by nimo956
Thu Aug 11, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 137
Views: 7470

Re: How much vacation time do you get at work?

My company seems to be unique in that they don't distinguish between sick and vacation days. I've been there for 8 years and get 6 weeks plus 10 holidays. It's a great system if you're never sick. Most everyone takes a week for Thanksgiving and the last two weeks in Dec off. You still have enough da...
by nimo956
Thu Aug 04, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Florence, Italy Hotel?
Replies: 18
Views: 862

Re: Florence, Italy Hotel?

Today, I would look at Airbnb first. I often find that the rooms are very nice at cheap rates (plus you get to stay with locals who can tell you where to go). Several years ago, I stayed at the Hotel Degli Orafi, which is right near the Ponte Vecchio. It was an extremely nice hotel for a reasonable ...
by nimo956
Fri Jul 22, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 1563

Re: Visiting Acadia National Park - Tips?

Definitely go to some of the lobster bakes; you'll find them on the side of the road at people's homes with just an outdoor picnic table. They cook the lobster right there and the prices are reasonable. I enjoyed a kayaking trip along the bay. Saw seals swimming along our boat, as well as some bald ...
by nimo956
Sun Jul 17, 2016 1:27 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1027

Re: Help Planning Trip to Zion

Success! I was able to find an Airbnb right outside of Bryce Canyon (an entire house for 6 with laundry and kitchen for the same price as a hotel room). So I have 3 nights in Zion and 2 in Bryce. Now all that's left to find is the courage to hike Angel's Landing: https://youtu.be/_FY47LEfEG4?t=54m34s
by nimo956
Sat Jul 16, 2016 4:34 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1027

Help Planning Trip to Zion

I'm really late in planning a trip to Zion in September. I've managed to get a 3 night reservation at the Desert Pearl Inn, which should give me enough time to do Angel's Landing, the Narrows, and some of the shorter hikes. The problem is, I can't find any rooms available at Bryce Canyon (both the l...
by nimo956
Thu Jul 14, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 8719

Re: Boss cutting salary in response to employee not doing

Employers can't cut pay retroactively, as in, "I know that I agreed to pay you $15 per hour, but I decided to only pay you $12 per hour for last week." But they can say "I have been paying you $15, but effective next Monday I am going to pay you $12." It is my understanding that...
by nimo956
Tue Jul 12, 2016 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Jobless with a decent amount of money [Canada]
Replies: 37
Views: 2542

Re: Jobless with a decent amount of money [Canada]

Your best bet is to increase your future earning potential rather than trying to eek out every last bit of return from your 200k. You have two options as I see it: 1. Go into business for yourself, which means sell something that people want at a profit (this can be a physical product or a service)....
by nimo956
Sat Jul 09, 2016 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trust nightmare, help needed!!!
Replies: 26
Views: 4062

Re: Trust nightmare, help needed!!!

Sorry for my complete lack of expertise in this area, but this level of fraud seems clearly criminal. I'd imagine the trustee is facing serious jail time. Have you gone directly to the police/attorney general?
by nimo956
Thu Jul 07, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 194
Views: 6891

Re: Picking College and College Scholarships

If the kid gets into one of the elites, he won't be the doormat. He has the talent to succeed there. The issue becomes whether they have the drive or get distracted by the various other opportunities available in the university environment. rrppve, You know that mathematically it does not make sens...
by nimo956
Thu Jul 07, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Hiking questions
Replies: 154
Views: 8078

Re: Hiking questions

I'm by no means an expert, but I found this post on this hiking blog to be extremely comprehensive (it also has the gear list you're looking for): http://www.mountainphotographer.com/my-backpacking-gear/ A few things I've noticed: 1. Don't wear cotton clothing. Get wool instead. Cotton doesn't dry q...
by nimo956
Wed Jun 15, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 41
Views: 4697

Re: Lease vs Buying a Car

I think buying/leasing a new car every 2-3 years is one of the top mistakes you can make when trying to build wealth. How long would it take you to actually save $20k? If it's around 1 year, then you are throwing away 1 years worth of savings every 2-3 years. I can't imagine anything more detrimenta...
by nimo956
Fri Jun 10, 2016 9:27 am
Forum: Personal Consumer Issues
Topic: Hedging EUR Currency Risk for Instrument Purchase
Replies: 7
Views: 379

Hedging EUR Currency Risk for Instrument Purchase

Classical guitar is a hobby of mine and I've been thinking about placing an order to have one custom-built for me. The builder is in the EU, so his price is in Euros. The guitar will take about 8 months to 1 year to build, and payment is due once it is completed. Right now, 1 EUR is about $1.13 USD,...
by nimo956
Thu Jun 02, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Self Driving Cars
Replies: 51
Views: 2313

Re: Self Driving Cars

To all those saying that it will take many decades for self-driving cars to become prevalent:

The first iPhone/smartphone was released in June 2007 (less than a decade ago). How many people in the world have smartphones today?

If there's a demand for the technology, it will spread like wildfire.
by nimo956
Tue May 31, 2016 9:32 am
Forum: Personal Consumer Issues
Topic: Uber Car and the real cost of driving
Replies: 71
Views: 9230

Re: Uber Car and the real cost of driving

This is just one anecdote. Certain airports have contracts with cab companies so that only they are allowed to pick up customers. A 30 min ride from the airport to my office costs $70, including tolls and tip. The same ride from my office to the airport costs $17 total. I'm now a complete Uber conve...
by nimo956
Tue May 24, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 48
Views: 6068

Re: Advice for a soon-to-be MLB draftee

5. Get comfortable saying NO to people (family and friends) that want to spend your money. +1. I've represented a number of former professional athletes in criminal matters. All of them blew through their signing bonuses buying houses and cars for family and friends. What the family and friends did...
by nimo956
Tue May 24, 2016 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 48
Views: 6068

Re: Advice for a soon-to-be MLB draftee

Can't believe some of these responses. 1. Under no circumstances does he need a financial adviser that charges a % of his assets (including Vanguard). 2. Tell him that no one cares more about his money more than he does, and that he needs to understand his options/choices himself. Don't rely on othe...
by nimo956
Sat May 14, 2016 4:57 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4672

Re: National Universities rankings 25 to 75 - Highest priority

Also note that comp sci, math, physics and engineering majors tend to offer the most flexibility after graduation due to their perceived rigor. Does accounting also offer similar flexibility after graduation as computer science? No it doesn't. Top schools don't even offer accounting majors. If you ...
by nimo956
Fri May 13, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4672

Re: National Universities rankings 25 to 75 - Highest priority

Also note that comp sci, math, physics and engineering majors tend to offer the most flexibility after graduation due to their perceived rigor. Does accounting also offer similar flexibility after graduation as computer science? No it doesn't. Top schools don't even offer accounting majors. If you ...
by nimo956
Fri May 13, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4672

Re: National Universities rankings 25 to 75 - Highest priority

For schools not in the top 25, I would get a list of companies which regularly recruit on campus. You can then research various entry level jobs and their salaries with whomever is applying to college to help them see what types of industries are out there. They can then make the connection between ...
by nimo956
Fri May 06, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 40
Views: 7059

Re: 26 y/o with ~$175,000 inheritence

Appreciate all of the feedback so far, everyone. Seems like the somewhat general consensus is to max contribute to 401k and a Roth IRA. Unless something insane happens in the future, the girl I'm with now will be here for the long haul (never know what could happen though). Also, no, I am not ready...
by nimo956
Fri May 06, 2016 9:33 am
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 40
Views: 7059

Re: 26 y/o with ~$175,000 inheritence

Increase your paycheck deduction for your 401k so that you hit the maximum each year (currently $18k). Use the inheritance for living expenses to make up for the lower paycheck if needed. This both lowers your taxes and transfers taxable money to tax-sheltered. Also fully fund either a traditional o...
by nimo956
Wed May 04, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and/or Roth 401k?
Replies: 11
Views: 925

Re: Roth IRA and/or Roth 401k?

The decision whether or not to use a Roth 401k depends upon your marginal tax bracket. It usually only makes sense for those in the lowest or highest brackets. It makes sense for the low brackets because the tax you pay is low. It makes sense for the high brackets if you will always stay at that lev...
by nimo956
Tue May 03, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Second IRS Final Notice Filing Law Suit Phone Call
Replies: 19
Views: 2435

Re: Second IRS Final Notice Filing Law Suit Phone Call

My grandfather, who is 98, nearly fell for one of these scams. He asked for a number to call them back but soon forgot it, so they were unable to get any of his money.
by nimo956
Mon May 02, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3656

Re: Sue your employer over 401k

This is why many high fee 401k plans include a cheap-ish 500 Index fund. It's only there so they can say there's a low-cost option, so you can't sue.
by nimo956
Sat Apr 30, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Want a new vehicle, but can't "justify" spending?
Replies: 36
Views: 4151

Re: Want a new vehicle, but can't "justify" spending?

I have a 2003 Lexus IS300 with 175k miles. It runs perfectly with no issues. It has been paid off for years. I would like to purchase a new truck, as its a better lifestyle vehicle for the things I like to do (hiking, biking, beach, landscaping, light duty hauling, etc). I cannot, however, "ju...
by nimo956
Fri Apr 29, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Suggestions for things to do / places to stay near Newport, RI
Replies: 8
Views: 545

Re: Suggestions for things to do / places to stay near Newport, RI

You're closer to the Berkshires than to Newport, RI, so you might want to look for hiking/outdoor activities in that area. Off the top of my head, there's Mt. Greylock, Tanglewood and Williamstown. Sturbridge should also be close by. Having said that, Newport, RI is a very nice visit if you are will...
by nimo956
Tue Apr 26, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Why have a formal budget?
Replies: 82
Views: 6268

Re: Why have a formal budget?

I find high level budgeting very useful for seeing where my money is going and setting my savings rate to make sure I'm on track to meet my retirement goals. As an example, I can see that expenses break down as the following % of my income: Taxes- 19% Rent/Util- 12% Insurance- 3% Groceries/Gas- 3% H...
by nimo956
Mon Apr 25, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Advice wanted - am I making the wrong choice by "doing nothing" with this money?
Replies: 14
Views: 2091

Re: Advice wanted - am I making the wrong choice by "doing nothing" with this money?

If this money is for retirement, start by maxing our your retirement accounts. 1. $5.5k x 2 = $11k in IRAs for you and your wife 2. $18k x 2 = $36k in 401ks for you and your wife Look into funding an HSA if it's an option for one or both of you. If your expenses are greater than your take-home pay a...
by nimo956
Mon Apr 25, 2016 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1331

Re: Should I start my own consulting business?

Ya, so I confirmed that the info I have/work product I developed constitutes a trade secret and therefore cannot be used against my employer when starting my own company. I'll have to make due with what's publicly available. Also, you can't approach existing customers to gauge their interest while y...
by nimo956
Mon Apr 25, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Advice for post retirement career
Replies: 53
Views: 3327

Re: Advice for post retirement career

Why don't you start a tutoring/test prep business? It's certainly flexible in terms of how much you work and where you work (whether in your home, the students' or remotely).
by nimo956
Sun Apr 24, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1331

Re: Should I start my own consulting business?

There are a few consultants in this field already and I heard from a colleague that they charge $15k to handle this process for a client. I'm not particularly well-compensated, and I'd only need 5-6 clients per year to replicate my salary (gross not net of expenses). I suspect that you are vastly u...
by nimo956
Sun Apr 24, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1331

Re: Should I start my own consulting business?

Do you have relationships with the client companies? How will you get that first consulting contract? Do you know the process for getting them to hire you as a consultant? I don't have existing relationships in place, but I do have a list of potential clients and I know who would be best to target....
by nimo956
Sun Apr 24, 2016 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1331

Re: Should I start my own consulting business?

First off, did you sign a non-compete clause in any contract. If no, would any of your current clients follow you to your own firm? If necessary do you have the finances to go 3, 6, 12 months possibly before you build up your clientele. Do you know or are you willing to learn: billing, payroll, and...
by nimo956
Sun Apr 24, 2016 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1331

Should I start my own consulting business?

I've been with my current company for over 7 years and have developed a niche role. Basically I read RFPs from our clients, build financial models, and help determine/negotiate offers in order to retain business. There are a few consultants in this field already and I heard from a colleague that the...
by nimo956
Wed Apr 20, 2016 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 5069

Re: What do you wish you had known in your early 20's?

Make a budget with your income. Before listing any expenses, set aside 30-50% of your gross salary for savings (401k, IRA, taxable). 50% of gross may be difficult if you're in a high tax bracket, but 30% should be doable. After that, figure out what's left to spend on everything else. If you can sta...
by nimo956
Wed Apr 20, 2016 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9938

Re: Cannot Pay Huge Tax Burden

Personally, I think that the OP should cut expenses to the bone and put as much as he can towards the loans as possible (like 50% of his salary). Have you sat down and made a budget with him? However, after reading countless stories like this, I've often wondered if you can become a citizen of anoth...
by nimo956
Tue Apr 05, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Couple needs some good advice from Bogleheads
Replies: 30
Views: 3171

Re: Couple needs some good advice from Bogleheads

My question is whether it makes sense to wait for a correction, put everything in now or to dollar-cost average over a year or two. I assume this group will favor DCA. I would not favor DCA and here is why: You need to formulate a plan you are comfortable implementing and stick with it. This means ...
by nimo956
Tue Apr 05, 2016 8:14 am
Forum: Personal Consumer Issues
Topic: London hotel room with points-where should we stay?
Replies: 19
Views: 1557

Re: London hotel room with points-where should we stay?

I quite enjoyed the Bloomsbury Hotel, which is next to the British Museum. I found it pretty central and was able to walk to all of the attractions.
by nimo956
Mon Apr 04, 2016 11:18 am
Forum: Personal Consumer Issues
Topic: Five Best National Parks to Visit?
Replies: 99
Views: 7837

Re: Five Best National Parks to Visit?

If you read through the posts, most people say that you should visit the parks during the "off-season" as the crowds are a lot smaller. While that has always been our approach, there are certain drawbacks. I finally made it to Yosemite NP through Tioga Pass for the first time ... in five ...
by nimo956
Sat Apr 02, 2016 12:58 pm
Forum: Personal Consumer Issues
Topic: Five Best National Parks to Visit?
Replies: 99
Views: 7837

Re: Five Best National Parks to Visit?

Thanks for all the recommendations! I want to see everything eventually, but am leaning towards Yosemite for my first trip. That seems like it'd be the easiest to get to, since I can fly direct to San Francisco and just drive from there.
by nimo956
Fri Apr 01, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: Five Best National Parks to Visit?
Replies: 99
Views: 7837

Five Best National Parks to Visit?

I live in the Northeast and have only ever been to Acadia National Park in Maine. I'm looking to start a tradition of visiting some of the beautiful national parks in the US/Canada out west. What would be the top 5 places to start? I'm looking for beautiful, lush scenery for photography coupled with...
by nimo956
Thu Mar 31, 2016 9:58 pm
Forum: Personal Consumer Issues
Topic: do you do airbnb ??
Replies: 64
Views: 4876

Re: do you do airbnb ??

I used it for my trip to southern Spain in Feb and am a total convert. My strategy was to stay in someone's actual house because it's likely nicer than a rental property and you get the benefit of local experience. Just read the reviews and look at the pictures. I think I paid $30 a night to stay in...
by nimo956
Fri Mar 11, 2016 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: 5M Windfall, all in VTMFX? [Vanguard Tax-Managed Balanced Fund]
Replies: 40
Views: 6067

Re: 5M Windfall, all in VTMFX?

1. I live in maryland 2. Doesn't tax loss harvesting cap out at only 3k? I don't think I would bother myself moving around assets to try to capture an extra 3k per year given my total future net worth. Not really. Two things come to mind immediately: 1. What state do you live in? 2. You will probab...
by nimo956
Wed Feb 24, 2016 2:21 pm
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 28531

Re: Don't understand nutrition and exercise

I just want to thank everyone for the useful replies and let people know that I am following the thread/discussion. I've been out of the country, so haven't had time to respond, but I am making my way through all of the posts.
by nimo956
Sun Feb 21, 2016 4:48 am
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 28531

Don't understand nutrition and exercise

Every time I try to learn about proper nutrition and exercise, I get overwhelmed by the amount of conflicting information online. I always get the sense that people are either trying to sell you something, or are trying to promote their particular diet/workout philosophy. I just want something that'...
by nimo956
Wed Feb 10, 2016 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value
Replies: 12
Views: 666

Re: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value

I can't find the thread at the moment, but search for posts about relocation packages on the forum. I recall that they often aren't as good of a deal as they appear. Something about how the realtor's incentive is to sell your house quickly, not get the highest price for you.
by nimo956
Tue Feb 09, 2016 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Tips on how to get the most of my yearly performance review?
Replies: 28
Views: 3274

Re: Tips on how to get the most of my yearly performance review?

These are mostly just a meaningless HR exercise. Don't put a lot of effort into it, and don't expect anything to come of it. If you're angling for a bigger salary increase, then you'd actually need to go out and get a competing offer to force their hand. Otherwise you have no power in the negotiation.

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