Search found 4593 matches

by protagonist
Sat May 27, 2017 6:44 am
Forum: Personal Consumer Issues
Topic: Things to do in NYC with a 14 month tomorrow?
Replies: 12
Views: 987

Re: Things to do in NYC with a 14 month tomorrow?

Staten Island Ferry. Ikea runs a free ferry from Pier 11 to Red Hook, Brooklyn on weekends (there is a nominal charge other days). Don't get off at Ikea unless you want to shop....continue to the Red Hook dock by Fairway Market. Fairway has a waterfront cafe there where you can get a lobster dinner...
by protagonist
Fri May 26, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Things to do in NYC with a 14 month tomorrow?
Replies: 12
Views: 987

Re: Things to do in NYC with a 14 month tomorrow?

Second thread for today... We're thinking about going into NYC tomorrow with our 14 month old...coming up with two agendas depending on rain/no rain. We looked at the children's museum but it looks like our child is a bit too young. If it's nice, we're thinking of picking up some lunch at Eataly an...
by protagonist
Fri May 26, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: Refinance Mortgage From 30 to 15 OR Invest?
Replies: 41
Views: 3301

Re: Refinance Mortgage From 30 to 15 OR Invest?

Refinance.

If you refinance at a significantly lower rate you are sure to save money, and you will be out of debt much sooner.

If you invest instead, things can go either way.

I am assuming you will not have a problem paying the higher bill each month.
by protagonist
Fri May 26, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Portfolio vs. All Other Possible Investments
Replies: 53
Views: 3611

Re: Boglehead Portfolio vs. All Other Possible Investments

Well, John C. Bogle wrote a whole book entitled The Clash of the Cultures: Speculation vs. Investment and what he means by it is "rapid trading of financial instruments of all kinds." When I entered this business in 1951, right out of college, annual turnover of U.S. stocks was about 15 p...
by protagonist
Thu May 25, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Portfolio vs. All Other Possible Investments
Replies: 53
Views: 3611

Re: Boglehead Portfolio vs. All Other Possible Investments

In the meantime, the best way to invest (not speculate) is to own the markets of the world. That way you're investing in the economy of the entire planet. Playing devil's advocate, you mentioned that other forms of investment are speculation. How is owning the markets of the world not speculation? ...
by protagonist
Thu May 25, 2017 5:12 pm
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Re: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

jhfenton wrote:That works both ways, which I why I said it probably didn't matter much. :sharebeer It's Boglehead nature--mine included--to sweat the tiny details.



Thanks for your input. I agree with you.

For that reason I will probably go with Penfed, since I already have an account there. Less hassle.
by protagonist
Thu May 25, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Neat Calculator: Sell or Rent Out Property?
Replies: 9
Views: 1473

Re: Neat Calculator: Sell or Rent Out Property?

I definitely agree with you. I hired a property manager several years ago to take over most of my rentals though, and that has made a tremendous difference in my stress levels. I highly recommend it. In fact my net cash flows actually weren't even negatively impacted. They are saving me a ton on re...
by protagonist
Thu May 25, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 41
Views: 3854

Re: Suits: best bang for your buck?

TSR wrote:
Well, I was unaware that .38 long was an actual caliber, but Wikipedia can't even make me fully comprehend the difference between that and a .357 round. For my needs, neither would be welcome in court. :wink:


"Best bang for your buck"?????
by protagonist
Thu May 25, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 41
Views: 3854

Re: Suits: best bang for your buck?

I took a trip to Vietnam this past winter. While there, I had a suit tailored for me at a place called "Kimmy" in Hoi An. I never did that before. I only wear suits to weddings and funerals. But 3 days later, after 4 fittings, I was (I forget) maybe about $300 or so poorer, but left with a...
by protagonist
Thu May 25, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 71
Views: 7195

Re: When does Saving become missing out on life?

Something I've personally been struggling with lately, when does saving become obsessive? At 33, I find myself being obsessed with saving and cutting corners as much as I can (I don't even pay for Cable or Trash Service; only use netflix and convinced parents to let me use their trash service (they...
by protagonist
Thu May 25, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Portfolio vs. All Other Possible Investments
Replies: 53
Views: 3611

Re: Boglehead Portfolio vs. All Other Possible Investments

Another thing to consider, OP, if you are not sure, is what is the dollar value of simplicity to you? That is a hard one to answer. Sometime around 1999 I sold all my stocks and put the proceeds into index funds. I had a demanding job, and I decided I would rather spend my precious free waking hours...
by protagonist
Thu May 25, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Neat Calculator: Sell or Rent Out Property?
Replies: 9
Views: 1473

Re: Neat Calculator: Sell or Rent Out Property?

I have found a lot of helpful tools on this site, so I wanted to pass this along. I was doing some Googling to try to determine whether/when to sell some rental property, and I stumbled upon this calculator. http://www.allpropertymanagement.com/resources/rent-or-sell.html# It's not entirely compreh...
by protagonist
Thu May 25, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Portfolio vs. All Other Possible Investments
Replies: 53
Views: 3611

Re: Boglehead Portfolio vs. All Other Possible Investments

OK, fair enough. You make some good points. But, keep in mind that I am comparing the expected long-term returns of various investments. No doubt, there will be portfolios and investments of all kinds that will outperform a Boglehead portfolio in the short term. But, will those investments outperfo...
by protagonist
Wed May 24, 2017 11:02 pm
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 58
Views: 2549

Re: Backtesting ?

Never accept uncritically formulas for investment success that are based on backtested data.


I agree with that.

Doesn't that pretty much preclude nearly all published formulas for investment success?
by protagonist
Wed May 24, 2017 11:00 pm
Forum: Investing - Theory, News & General
Topic: "The Problem With Factor Investing Research"
Replies: 58
Views: 2549

Re: "The Problem With Factor Investing Research"

The author of that article runs an investment firm called alpha architect. I clicked around a little and found they recommend "high conviction momentum investing" with a basket of 50 stocks based on a screen of past performance. 50! Not a firm/person that I would trust. too bad larry isn'...
by protagonist
Wed May 24, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Re: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

I have no strong conviction on the direction of interest rates, but if I had to predict, I'd consider it unlikely that 5-year CD rates will rise enough soon enough for you to beat 2.69% over 5 years starting out at 2.12% over 5 years. That guaranteed 0.57% difference seems like a very expensive hed...
by protagonist
Wed May 24, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Re: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

Why not go with a 5-yr CD with low EWP? https://www.depositaccounts.com/tools/ewp-calculator.aspx?ids=5207,0&names=,BH&apys=,1.75&terms=,24&penalties=,6 In the Ally example above, if you withdrew early at 12mos you would earn 1.31% after penalty, if you stuck it out for 24mos, you w...
by protagonist
Tue May 23, 2017 10:18 pm
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 1959

Re: Need advice from FF miles experts

Is there a general ticket price (say, a floor price) where paying for a ticket with miles makes sense? Put another way, does it make sense to use miles for a relatively cheap ticket? I know much depends on the ticket cost versus the number of miles required, and that is a straightforward penny-per-...
by protagonist
Tue May 23, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Battle of Low Interest CD's
Replies: 5
Views: 921

Re: Battle of Low Interest CD's

Depending on how much money you have to invest and how soon you will need it, you might go with a longer term CD with higher interest rates and a generous EWP. I believe Ally has a 5 year CD at 2.25% with a 5 month EWP. If you know you can keep it invested for at least 15 months, you will already be...
by protagonist
Tue May 23, 2017 9:37 pm
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Re: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

I'm with boglephreak. Assuming that these were emergency funds or at least medium-term investments and that I didn't anticipate needing them within five years, I would go with the 2.69% with EWP. If there were, say, a one-in-three chance I'd need the money, I'd go with the 2.12% with no EWP. I don'...
by protagonist
Tue May 23, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Re: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

Penfed vs .................................................)? Who has the no EWP? Last time I looked PenFed had the worst EWP. Penfed has a no-EWP policy for IRA certificates (CDs) if you are over 59 1/2 y.o. So does Patelco. But Patelco is difficult to get into, and they just discontinued their 5 ...
by protagonist
Tue May 23, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

I am seeing mixed reports on the Chase IHG Card: https://creditcards.chase.com/a1/ihg/ihg50plus?CELL=63R6&cm_sp=OSMAM-6C-US-EN-RR-A-MNR-ChaseMasterCard Do any of you know for sure whether this one counts toward. 5/24? Thanks Yes it will count toward 5/24. You will not be rejected by it if you a...
by protagonist
Mon May 22, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Summer outdoor parties - party food ideas
Replies: 20
Views: 1582

Re: Summer outdoor parties - party food ideas

Then she asked me about eggplant dip - I have never heard of it, but will check it out. If you live near a Trader Joe's, they make a great eggplant spread, or dip, or whatever you want to call it. It's delicious as well in sandwiches, on pasta, and has many other uses. Healthy ingredients as well. ...
by protagonist
Mon May 22, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?
Replies: 12
Views: 1328

Survey: 5 yr. CDs: 2.12% with no EWP vs 2.69% with 12 mo EWP?

Penfed (IRA CD for those over 59.5 y.o.) vs Advancial. You would have to hold the latter a minimum of 52 months before you would get an equivalent or better yield than 2.12%. At 59 months you would only get an effective yield of 2.20%. Which would you take (assuming you don't need the cash for 5 yea...
by protagonist
Mon May 22, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

Jags4186 wrote:Just keep opening them online. No secret sauce. I always did an ACH push to trigger DD.


Can you open more than one account of the same type simultaneously?

Which bank did you use the ACH push from?

Thanks.....
by protagonist
Mon May 22, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

We are up to over $6000 in bank bonuses this year...my goal is to get to $10k but since M&T shut us down that might be tough... I'm curious about this. Most bank bonuses are in the $100-500 range and require a latent period for re-application. How did you get $6000 in such a short time period? ...
by protagonist
Fri May 19, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 25
Views: 3142

Re: Opticians: is there any difference in quality of Costco glasses?

I always get my glasses at Zenni. Titanium readers....I think they cost about $50/pair.

When I last saw my ophthalmologist he was impressed with the quality and accuracy of the prescription.
by protagonist
Fri May 19, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

We are up to over $6000 in bank bonuses this year...my goal is to get to $10k but since M&T shut us down that might be tough... I'm curious about this. Most bank bonuses are in the $100-500 range and require a latent period for re-application. How did you get $6000 in such a short time period?
by protagonist
Fri May 19, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

sharpjm wrote:* Specifically, you can get SW x 2 for CP - probably the most valuable item in this hobby assuming you can make use of it


What is SW? And CP? (wondering if I am missing out on "the most valuable item")
by protagonist
Fri May 19, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Re: Question about Social Security spousal benefits

Thanks for the vote of confidence, David. :) I am married, plan to retire in about 18 months @ age 62, I have been running all the scenarios based on your book. Thank you . Congratulations. If you are like most of us (including those of us who loved our jobs), you will be very happy you retired.
by protagonist
Fri May 19, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Re: Question about Social Security spousal benefits

Mike Piper (Oblivious Investor) wrote the book on Social Security - literally. I have his book on SS on my Kindle Reader. I would be confident to make the trip to a SS Office for a face-to-face on the strength of Mike's say-so. Thanks for the vote of confidence, David. :) That said, if planning a v...
by protagonist
Thu May 18, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1451

Re: Buy 1st House Cash?

I like the idea of buying everything with cash.
Houses are not fundamentally different than anything else you buy.

This video with Steve Martin pretty much nails it. http://www.nbc.com/saturday-night-live/ ... 2020?snl=1
by protagonist
Thu May 18, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Re: Question about Social Security spousal benefits

If I want to start claiming spousal benefits at age 66 (but defer taking my own until 70), how early can I apply?
by protagonist
Thu May 18, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Re: Question about Social Security spousal benefits

David Jay wrote:Mike Piper (Oblivious Investor) wrote the book on Social Security - literally. I have his book on SS on my Kindle Reader.

I would be confident to make the trip to a SS Office for a face-to-face on the strength of Mike's say-so.


+1
by protagonist
Thu May 18, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Re: Question about Social Security spousal benefits

The rep is wrong. You'll still be able to file a restricted application at your FRA for spousal benefits on your ex-spouse's work record. Here are the requirements for such spousal benefits: https://www.ssa.gov/OP_Home/cfr20/404/404-0331.htm Note that it says nothing about whether or not your ex-sp...
by protagonist
Thu May 18, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

travellight wrote:Sounds like you have won the game! What a nice position to be in. I will probably do more travel when I retire in a few years. I probably spent 10 grand a year in travel even with all these points.


You are traveling much more than I am these days.

I typically take two big trips per year.
by protagonist
Thu May 18, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Social Security spousal benefits
Replies: 12
Views: 1052

Question about Social Security spousal benefits

Me: -born 1952 -Married 19 years, divorced in 2008. -not re-married -delaying claiming my own SS benefits until age 70 My ex-wife: -born 1950 -not re-married Both of us are eligible for social security benefits. I was under the impression that when I turn 66, I could also claim spousal benefits (1/2...
by protagonist
Thu May 18, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26181

Re: When 60/40 just isn't appropriate

That's not at all what I meant. I wasn't sure of the precise AA that has historically maximized the success rate of a 4% withdrawal rate, hence I said "believe," but I will provide those data here. Success rate of various AA using 4% WR over 30 years according to FIRECalc (U.S. TSM and LT...
by protagonist
Thu May 18, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26181

Re: When 60/40 just isn't appropriate

To maximize the success of a 4% withdrawal rate over a 30 year period, I believe that 70/30 has the highest success rate. You BELIEVE that 70/30 is best. Rick BELIEVES that 30/70 is best. There are others in this forum who BELIEVE that 100% stocks is best in the long run (highest return). And other...
by protagonist
Thu May 18, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Upcoming travel plans with electronics
Replies: 22
Views: 1602

Re: Upcoming travel plans with electronics

I would have thought to just use Fedex. But the cost.... Picking Berlin out of the hat for originating destination, and a 4KG package to Tennessee, the "international economy" (aka 5-6 day) rate comes to $222.86. Which is more than buying a Chromebook in Berlin and throwing it away before...
by protagonist
Thu May 18, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

In the mean time, I was turned down for CSR, twice (tried as a Chase private client with local banker helping me the 2nd time), SPG personal and business, Chase Marriott, CSR is an amazing promotion, travellight, and, IMHO, a good one to keep. If you keep getting turned down because of too many car...
by protagonist
Wed May 17, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Which Small SUV for 15 Year Reliability?
Replies: 92
Views: 7528

Re: Which Small SUV for 15 Year Reliability?

My Honda Element is almost 12 years old.

I have never had to pay for any service other than routine maintenance.

Unless something goes wrong, the only thing I do is change the oil.
by protagonist
Wed May 17, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26181

Re: When 60/40 just isn't appropriate

Rick, I would really like to know the origins of "60/40." It was a "traditional" allocation long before Peter L. Bernstein's paper, and incidentally I do not agree that his paper presents any real rationale for 60/40. He asks the obvious question and then doesn't answer it! Then...
by protagonist
Wed May 17, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3994

Re: Delay SS, but claim if market plunges

The decision is easy. A huge mistake I humbly believe that many people make on this site is equating "maximum wealth" with "happiness" and "better life"...the latter is much more correlated with peace of mind. In that context, deciding when to start benefits is easy. Co...
by protagonist
Wed May 17, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7300

Re: Article: "Our emergency fund is exactly $0.00"

"Our net worth is solidly in the seven figures", says the author. Thus no matter what happens, the author (A) can cover the emergency, Many people have less of a cushion. In my case, I keep an emergency fund. Not because I can't cover an emergency otherwise, but to simplify my life. Writin...
by protagonist
Wed May 17, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1654
Views: 254945

Re: What's Your Credit Card Rewards Strategy?

In the mean time, I was turned down for CSR, twice (tried as a Chase private client with local banker helping me the 2nd time), SPG personal and business, Chase Marriott, CSR is an amazing promotion, travellight, and, IMHO, a good one to keep. If you keep getting turned down because of too many car...
by protagonist
Wed May 17, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 45
Views: 6951

Re: Considering new approach to credit card churning

Isn't it bad for credit score to apply for multiple credit cards ( hard credit inquiries)? The answer is Yes and No, Hard credit inquiries will bring down your credit in the short term. 5-15 points per hard inquiry. If you have good credit, the effect of a hard pull is trivial. I opened a new card ...
by protagonist
Mon May 15, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Almost Five Month Update
Replies: 138
Views: 13367

Re: Learning an instrument as an adult? Almost Five Month Update

My daughter started with the Suzuki repertoire (and a Suzuki method teacher). She switched to a traditional teacher when she got up to around book 5 or 6, I forget which. I think Suzuki method is great for those starting to play. I also think a really good teacher is the key (plus a lot of motivatio...
by protagonist
Mon May 15, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Penfed IRA Certificates for 59.5+ y o vs. other IRA CDs with better yield
Replies: 33
Views: 2205

Re: Penfed IRA Certificates for 59.5+ y o vs. other IRA CDs with better yield

protagonist wrote:
Doc wrote: But I'm not going to park it in a PenFed CD even with Kevin holding my hand on how to do it. :beer


I share Kevin's line of thinking, which I think is very sound. Nothing is certain, and so we have to go on our best guesses. Chacun a son gout.

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