Search found 69 matches

by ny_knicks
Fri Nov 10, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8091

Re: $23k credit card emergency

What is your credit score like...do a 0% balance transfer or even a personal loan (my amex offers me one every time I login for up to $25k @ 8%). Increase income (second or third job) 80 hours a week never killed anyone in their 20s. $23k can be paid off pretty quick if you you put your mind to it. ...
by ny_knicks
Fri Nov 10, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12727

Re: How old are you and how much do you save for retirement a year

27 DINK HCOL Max 2 401k, 1 HSA, 2 Roth: ~$60k w/ match Taxable: Heavily dependent on bonus for me $20 - $70k Her: Pension...who knows what that is worth or if she'll ever see a dime Being moderately aggressive in paying off paying off student loans (4% interest contribute $2k a month should be gone ...
by ny_knicks
Sun Nov 05, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Lets talk emergency funds and I-bonds
Replies: 23
Views: 2055

Re: Lets talk emergency funds and I-bonds

Thanks for the advice everyone...sounds like they are a popular option as a component for an emergency fund. Going to start the process of shifting some of my emergency fund over to them. Planning on doing $5k every 6 months until I have most of it transferred w/o being locked in
by ny_knicks
Sat Nov 04, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2765

Re: PRIMECAP Fund

We have PRIMECAP in all of our Vanguard accounts. One of the kids is allowed to purchase it for his accounts as well, I guess grandfathered in as a result of his parents’ (not grandparents’) accounts. I don’t remember when we bought our first shares, but we had fewer accounts at the time. We’re lim...
by ny_knicks
Sat Nov 04, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2765

Re: PRIMECAP Fund

I would also like an extra 2.5% compounded but it may or may not happen in future,the longer it does the more likely it won't Picking funds based on past performance doesn't on average result in winning selections. If you have some further info, insight, screens, etc. that have convinced you that P...
by ny_knicks
Sat Nov 04, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Lets talk emergency funds and I-bonds
Replies: 23
Views: 2055

Lets talk emergency funds and I-bonds

Teetering on the fence w/ how to approach emergency funds. Have ~3 months in cash @ GS w/ a 1.3% APR. Interested in transitioning to I-bonds for the higher yield (looks like it is 2.58% right now). These seem liquid enough ($ within a few days) to be a strong emergency fund vehicle. Only issue is yo...
by ny_knicks
Sat Nov 04, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2765

Re: PRIMECAP Fund

Bill Miller beat index for 15 straight years Funds that beat index do it,to they don't do it I agree that consistently beating the benchmark index is not the norm for actively managed funds. I am also not in the business of trying to time the market or pick stocks. But...an actively managed fund li...
by ny_knicks
Sat Nov 04, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: PRIMECAP Fund
Replies: 63
Views: 2765

PRIMECAP Fund

Helped my GF setup her 401k at a new job. She has access to the Vanguard PRIMECAP fund. I was in awe when I looked at this fund... 1 year, 3 year, 5 year, since inception (1984) all beat benchmark index by a wide margin. Expense ratio is .33% on admiral shares. Anyone else own this fund? Unfortunate...
by ny_knicks
Sat Nov 04, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best practice re: Savings?
Replies: 11
Views: 1573

Re: Best practice re: Savings?

As much as possible...personal savings rates will vary widely based on a number of factors so having a hard and fast rule really doesn't work. Think you'll hear a different savings strategy from everyone on here but a typical response might be 3 (or 6 if risk adverse) months emergency, 401k to match...
by ny_knicks
Sat Nov 04, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Black Friday Deals/Holiday Gift Ideas
Replies: 54
Views: 6695

Re: Black Friday Deals/Holiday Gift Ideas

Want an LG OLED 65"...been monitoring prices and hoping they drop enough to justify the purchase. OLED is truly a game changer in TVs. I was shocked at the difference when I watched one at a friends place.
by ny_knicks
Sat Nov 04, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans: Best to Pay Down or Wait for Forgiveness?
Replies: 33
Views: 2056

Re: Student Loans: Best to Pay Down or Wait for Forgiveness?

Math seems pretty easy to me. Sell the house and payoff the loans $350 - $180 = $170k in the bank. What you do with the $170k is your choice (invest, downpayment on smaller more affordable house, take a vacation).... Why be a slave to a government program for the next 10-20 years? Do you really want...
by ny_knicks
Sun Oct 29, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Cutting the cord in NYC
Replies: 10
Views: 882

Re: Cutting the cord in NYC

RCN all the way...$35 a month all in (taxes fees etc.). Buy your own modem (it'll be paid off in a year). Speeds are very good and reliability is fine. My building had all 3 options. This was by far the cheapest w/ the highest speed. I looked at bundling cable but couldn't justify it. Raised the pri...
by ny_knicks
Tue Aug 29, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 16323

Re: Capital One $400 bonus for new checking account

Keep going for it! I got 4 bonuses between my wife and myself totaling about $1,500 and was never targeted. Same here. These things are pretty vague and there are a lot of DPs out there indicating people getting the bonus even though they were not targeted. Doubled up on the bonuses too w/ gf. Neve...
by ny_knicks
Mon Aug 21, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16889

Re: Jobs that pay over $100,000

It certainly is location dependent. I have two RNs with BSNs on my staff, both left healthcare because the corporate world offered more money and better work/life balance in this area. At my last job (public health), my entire staff consisted of 15-20 nurses at any given time; most in similar situa...
by ny_knicks
Sun Aug 20, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 16889

Re: Jobs that pay over $100,000

Girlfriend was a nurse and pulled in $100k the year after undergrad by working 48 hours a week on nights. She had nurses on her floor later in their career who were making $130k+ working 36 hours a week with pensions/incredible health insurance/6 weeks vacation/403b match etc. Some were even getting...
by ny_knicks
Sun Aug 20, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 74
Views: 9258

Re: ObamaCare 2018

There were a number of replies in response to my post...all of which point to the fact that ObamaCare is affordable if you are eligible for the subsidies. What I was attempting to show w/ my original post was that if you're not eligible for the subsidies and you're old then you're SOL. I think that ...
by ny_knicks
Sun Aug 20, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 74
Views: 9258

Re: ObamaCare 2018

At those prices you would need about a half a million dollars invested to cover premiums/deductibles at a 4% swr. Probably more of you have medical costs you pay out of pocket due to the high deductible. For a couple that would be more like a million dollars. At that point, can you just self-insure...
by ny_knicks
Sun Aug 20, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 74
Views: 9258

Re: ObamaCare 2018

Dads retired early so I'll provide data point from him. He has 2 more years until Medicare kicks in. Pays about $1600 a month for terrible health insurance. He's the only one on the plan. Crazy high deductible and max out of pocket. He can go to a select few doctors in his area. If you aren't eligib...
by ny_knicks
Sun Aug 20, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 16323

Re: Capital One $400 bonus for new checking account

I did not receive an email and was able to get both the checking account and savings account bonuses. My girlfriend did not receive and email and she was also able to get them. To get the savings bonus we just deposited $15k in savings from GS bank and then transferred it back. Although there were d...
by ny_knicks
Sat Aug 19, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 480
Views: 44900

Re: Picking College and College Scholarships

Yes there is a correlation. The research I have seen suggests it is due to the kinds of kids these schools attract, not what the college provides to the kids. The causation is reversed. The kind of person you are at 18 has a huge causal impact on both the kind of college you go to and the kind of e...
by ny_knicks
Sat Aug 19, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 480
Views: 44900

Re: Picking College and College Scholarships

Research suggests his lifetime earnings will not be better going to a more expensive/higher reputation school. The idea that price doesn't matter when it comes to college is incredibly pernicious. While I agree that it sounds like the OPs son will find success no matter what school he goes to on th...
by ny_knicks
Sun Aug 13, 2017 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 18407

Re: Life at crossroads. What would you do ?

May I ask you why do you think so? Unless the person that interviewed you is the owner of the company, why would he/she want to hire someone that could upstage and replace him or her? As a hiring manager, your own job security comes first. Why would the person hire someone that is a lot better than...
by ny_knicks
Sun Aug 13, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 18407

Re: Life at crossroads. What would you do ?

Built a business from nothing to $1B. Something is seriously off here. That single bullet on your resume should allow you to find employment at any company in the U.S. I am assuming it wasn't your business but some internal initiative you led. I find it very hard to believe that with this type of e...
by ny_knicks
Thu Jul 27, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 6485

Re: Vanguard Money Market vs. Savings Accounts

There are plenty of FDIC insured banks w/ savings accounts that have APY > Vanguards Prime Money Market Fund. Goldman Sachs is one example paying 1.2% APY. Seems like opening a new savings account with a higher APY checks off a lot of your list. Good points and I liked the Soldman Sachs note. I tho...
by ny_knicks
Thu Jul 27, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 6485

Re: Vanguard Money Market vs. Savings Accounts

There are plenty of FDIC insured banks w/ savings accounts that have APY > Vanguards Prime Money Market Fund.

Goldman Sachs is one example paying 1.2% APY. Seems like opening a new savings account with a higher APY checks off a lot of your list.
by ny_knicks
Thu Jul 27, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 7386

Re: Post Nuptial agreement guaranteeing alimony?

You're not telling us the whole story but... 1.) I am struggling to envision a career/industry where you wouldn't have transferable skills that would allow you to get a new job that would be amicable to your husbands company's demands (which I also find absurd). If you're not happy with your current...
by ny_knicks
Thu Jul 27, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement
Replies: 19
Views: 1825

Re: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement

Just refinanced my loans. I would advise you shop around for better rates. Most of the lenders allow you to see a rate before a hard pull on credit so there is no harm. You might have seen something similar when they listed the rates to you at SoFi but for me the 7 and 10 year loans actually came wi...
by ny_knicks
Thu Jul 27, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 9018

Re: Should you wait until the due date to pay credit card balance?

Budgeting is easier for me when the CC is paid uniformly, as you can gauge month-to-month how your spending is trending. Also, be careful if you ever miss a due-date or pay less than your statement. Most cards will charge interest for 2 payment cycles afterwards, from the day of purchase, rather th...
by ny_knicks
Wed Jul 26, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 9018

Re: Should you wait until the due date to pay credit card balance?

Guess I am in the minority in that I pay it off right when it posts...might change this habit based on what others are saying about not establishing a payment history w/ the card. Although my credit score has always been high. I guess I always thought it helps w/ budgeting as checking account gets d...
by ny_knicks
Wed Jul 26, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2448

Re: Series 65 Volunteer Advising?

A lot of incorrect/misleading advice... Do not need sponsorship. Pass the 65 and register in any states in which you plan to have clients in. Series 65 will allow you to provide financial advice to clients for fees they pay directly to you. You do not need Series 7...which would require sponsorship.
by ny_knicks
Tue Jul 25, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 2376

Re: Driveway On Neighbours Land

Took a property law class in school (feel like I am saying I stayed at a holiday inn express last night)...can't remember much of it as it was P/F and I just needed the credit. I think it depends on how long the fence/driveway was there but adverse possession or prescriptive easement might mean it i...
by ny_knicks
Tue Jul 25, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20675

Re: Buying house - Very important decision

Dont mean to restart the same topic, but a coworker was mentioning that he knows some folks who bought multiple SFH homes. Apparently they are able to rent couple of them for about the same as mortgage amount. He also says there is no way in hell prices are going to come down here. Wondering if thi...
by ny_knicks
Tue Jul 25, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Rhoombas, Home Mapping and Privacy
Replies: 15
Views: 1299

Re: Rhoombas, Home Mapping and Privacy

Rhoomba knowing I have a coffee table and sofa in my living room is of no concern to me. Wouldn't think twice about it if it meant there wasn't dog hair all over apartment at the end of the day!
by ny_knicks
Mon Jul 24, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Luggage recommendation
Replies: 37
Views: 3368

Re: Luggage recommendation

How often are you traveling? Once...go buy the cheapest bag at ebags, luggagepros or amazon. But if you're planning on traveling often or want something that will last for more than a few trips...I'd say spring the extra $100 and get something decent. I have had great experience w/ Travelpro. Have b...
by ny_knicks
Mon Jul 24, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9103

Re: Investing Education and Mansplaining

Examples are being thrown around of men "mansplaining" women who have PHDs about their area of expertise. Obviously absurd. OP's 22 year old daughter claiming she is being "mansplained" because a man (her father/those in videos) is trying to help educate her on personal finance which she seems to ha...
by ny_knicks
Mon Jul 24, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 16323

Re: Capital One $400 bonus for new checking account

Trying $500 bonus ($300 Checking/$200 MM) for both me and my gf w/ DD from Goldman Savings. Seems to have worked for some. Not in target area and never been a Capital One customer. Will post back w/ results. Is there a link for the Goldman deal? I should have clarified...opened Checking/Savings w/ ...
by ny_knicks
Mon Jul 24, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 14026

Re: Another bay area housing thread..

What are you currently paying in rent and what would it cost to step up into a more suitable rental for the lifestyle you are looking for?
by ny_knicks
Mon Jul 24, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to buy (or invest) into Bitcoin?
Replies: 35
Views: 5189

Re: How to buy (or invest) into Bitcoin?

Just read through Bitcoin news after seeing some of the absurd returns posted in here...scary stuff. I wouldn't go near it. Huge red flag when everything reads like..."this time its different, there is nothing like it, will just keep going up and up". If you want to gamble go for it.
by ny_knicks
Sun Jul 23, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in an AirBNB unit? ROI?
Replies: 32
Views: 3353

Re: Investing in an AirBNB unit? ROI?

You do understand you are simply one home rule law away from having your investment abruptly terminated? I'm unfamiliar with what you're talking about. Can you explain? There are a lot of new laws being created and existing laws being enforced surrounding Airbnb. A lot of people aren't happy their ...
by ny_knicks
Sun Jul 23, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs buybacks
Replies: 60
Views: 3267

Re: Dividends vs buybacks

Dividends to me signal that a company has determined that it cannot reinvest that cash into the business and earn a higher rate of return than its cost to capital. A company like Google doesn't pay a dividend because it believes it can reinvest that money into positive NPV projects that will ultimat...
by ny_knicks
Sun Jul 23, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: RIA [Registered Investment Advisor]
Replies: 7
Views: 759

Re: RIA [Registered Investment Advisor]

Knopman and Securities Training Corporation are the two big ones that I know of that provide courses/materials for the FINRA Series exams
by ny_knicks
Sun Jul 23, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in an AirBNB unit? ROI?
Replies: 32
Views: 3353

Re: Investing in an AirBNB unit? ROI?

Being a landlord comes with a lot of challenges and many people find that it isn't all it is cracked up to be. Airbnb just amplifies those challenges. I have a feeling it isn't as easy as buying a unit, turning it over to a management company and watching those $$$ stream in. It is going to be a lot...
by ny_knicks
Sun Jul 23, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9103

Re: Investing Education and Mansplaining

People hear what they want to hear. Perhaps she isn't ready to listen to "investing education" and the "mansplaining" is just an excuse to not have to deal with it at this point in her life. Can try getting her a book or two and seeing if she takes to that. If that is not the case and she really goe...
by ny_knicks
Sat Jul 22, 2017 7:25 pm
Forum: Personal Consumer Issues
Topic: How much electricity are you using and how expensive it is?
Replies: 93
Views: 5104

Re: How much electricity are you using and how expensive it is?

Small apartment we used 602 kWh this past month for a total bill of $152. Past month we were gone for 2 weeks w/ only the refrigerator running. Otherwise we have a few lights and a window AC running throughout the day. Bill would be around $250-$300 if we weren't gone. Breaks down to a supply charge...
by ny_knicks
Sat Jul 22, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 16323

Re: Capital One $400 bonus for new checking account

Trying $500 bonus ($300 Checking/$200 MM) for both me and my gf w/ DD from Goldman Savings. Seems to have worked for some. Not in target area and never been a Capital One customer. Will post back w/ results.
by ny_knicks
Thu Jul 20, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 7516

Re: Those Of You In a HCOLA - What's Your Financial Plan

Just moved with girlfriend from what I thought was a LCOL area where we were paying $1500 in rent to a HCOL area where we are paying $3500. That is for a 1 bedroom 800 sqrft apartment. Chose not to sacrifice safety and prioritized a short commute. We were able to get rid of both cars saving a net of...
by ny_knicks
Fri Jun 30, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14089

Re: How did you handle the costs of your child's wedding?

Will be on the other side of the equation soon where I am the child getting married. My significant other and I have said to each other that we don't expect any money from either of our parents. I know my parents will want to pay for the rehearsal dinner (they are quite traditional w/ regards to thi...
by ny_knicks
Fri Jun 30, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20675

Re: Buying house - Very important decision

Know a real estate developer in Nashville market. Was talking to him the other day and he mentioned there is a lot of concern regarding too much new inventory for multi-family properties. This is reflected in the higher end units especially which are offering steep discounts/first x months free. Kee...
by ny_knicks
Fri Jun 16, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Selling Car - Private Sale vs CarMax vs Dealer
Replies: 66
Views: 19987

Re: Selling Car - Private Sale vs CarMax vs Dealer

Update: Sold the Jeep Wrangler to a dealership too. Their offer was about $1000 more than CarMax. They listed the car for $2500 more than I sold it to them for. I am sure private would have maximized the sale price but the tradeoffs weren't worth it. Interesting thing about the experience was that C...
by ny_knicks
Fri Jun 16, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Hyatt Certificate for Chase Hyatt Card
Replies: 5
Views: 698

Re: Hyatt Certificate for Chase Hyatt Card

Opened this card just for this bonus. 2 free nights at the Park Hyatt in NYC. Rooms were going for $950 a night during the weekend we booked. We got a complimentary upgrade when we arrived. Stay was amazing. The value of these certificates is nuts for the $2000 spending requirement and $75 fee, espe...