Search found 1129 matches

by rai
Wed Nov 08, 2017 9:30 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 136
Views: 13305

Re: The fear of retirement, black swan, and math to dissuade the fear.

I can't see how you figure it's possible to make $10K/year by doing credit card sign-on bonuses and checking/brokerage accounts that number sounds ludicrously high, like an order of magnitude higher than possible. Anyway my feeling is that it's far easier for me to make 6-figures currently at a high...
by rai
Wed Nov 01, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9538

Re: I'm fairly young but done with saving money

Good point 2M in 15 years is like $1.2M today it’s like nothing. So if you starting ramping up your expenses now, will your $2m retirement fund be enough to fund your increased budget once you pull the plug on your earnings stream? If OP starts living off his real earnings he will likely be used to ...
by rai
Wed Nov 01, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9538

Re: I'm fairly young but done with saving money

I don’t know about you but $2M for early retirement seems very low to me. I’d double that figure at least. Health care is expensive, don’t know if you get health care through work but we are self employed and it costs us like $18 per year and it goes up like 10% or more every year, plus deductibles...
by rai
Wed Nov 01, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9538

Re: I'm fairly young but done with saving money

I don’t know about you but $2M for early retirement seems very low to me. I’d double that figure at least. Health care is expensive, don’t know if you get health care through work but we are self employed and it costs us like $18k per year and it goes up like 10% or more every year, plus deductibles...
by rai
Mon Oct 23, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1287

Re: What can I do? was given wrong price on insurance and now told I can’t cancel.

Here is the relevant document, at number 5 it seems like it can be canceled for non payment or CC dispute

https://www.fema.gov/media-library-data ... ov2015.pdf
by rai
Mon Oct 23, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1287

Re: What can I do? was given wrong price on insurance and now told I can’t cancel.

The way I see it, the important question here is, "Do you need flood insurance?" If you do, might as well pay the surcharge and be done with it. Flood insurance prices are non-negotiable as they are set by FEMA. You're not going to get a better price elsewhere. The house is in a low flood risk, but...
by rai
Mon Oct 23, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1287

Re: What can I do? was given wrong price on insurance and now told I can’t cancel.

They did know this is my second house and even asked me for my billing address when we did the CC over the phone.

It’s that *they* were not aware there is a surcharge for second house.

If they were not aware how am I supposed to be aware of this.
by rai
Mon Oct 23, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1287

Re: What should I do? was given wrong price on insurance am now told it’s not csncelable.

Iridium wrote:
Mon Oct 23, 2017 2:39 pm
Rai, this is all I see.
rai wrote:
Mon Oct 23, 2017 2:33 pm
I have a
It looks like your post was garbled. Try editing your post or adding a reply to put in the missing text.
Something was lost so I had to re type the whole post thanks
by rai
Mon Oct 23, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1287

What can I do? was given wrong price on insurance and now told I can’t cancel.

I have a second house in another state Florida (I live in Maryland) I have an insurance broker who funnels my to house insurance and umbrella etc.. I asked them what would it cost for flood insurance they said $475/year for $250K loss coverage but 30 day waiting period. I said ok and they took full ...
by rai
Fri Aug 25, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale rules on options. (Sold puts)
Replies: 0
Views: 227

Wash sale rules on options. (Sold puts)

I've tried to Google search regarding this topic with inconclusive results. Example: I sell a put on xyz stock $100 strike for Jan 2018 when the stock is trading at $120 Now the underlying stock goes down to $80 leaving me negative $2000 on the put. What would happen if I sold another put Jan 2018 b...
by rai
Tue Aug 22, 2017 8:49 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6480

Re: Safe car for wife and baby

Really? So all I have to do is drive safely and I'll never be in an accident? The problem is not me or my vehicle, it is actually the very many stupid drivers out there with whom I have to share the road that are likely to kill me or my family! So, the safest vehicle I can buy will improve my survi...
by rai
Tue Aug 22, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6480

Re: Safe car for wife and baby

Size really does matter a lot in car crash, I'll post a link later but you may consider a minivan. Besides being safe they are very convenient. Minivans ride very like a car, can get decent mileage and are hella versatile. Once you have one it's amazing how much you will love it. Otherwise a mid siz...
by rai
Wed Aug 02, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Cheap notebook for surfing/watching videos
Replies: 18
Views: 1704

Re: Cheap notebook for surfing/watching videos

iPad tell them he's a student and get for $309

I've heard Chromebooks are ok but there are so many variations that I don't know what is a good one or not. With an iPad you know what you are getting.
by rai
Tue Jul 18, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2953

Re: 18 year old first credit card recommendations

Both kids have credit cards (in our names), I mean we are co owners on the CC (one is a minor). But I think it might be best for the adult to get something in her own name will try either Discover Student or at the bank she currently has checking and savings account with debit card also.
by rai
Sun Jul 16, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2953

Re: 18 year old first credit card recommendations

indexonlyplease wrote:Why does a young adult need credit anyway. This is something the credit card companies push. The more you are in debt the better for them.
People need a credit card to build a credit rating.

She will not going into debt.

Did you see on the first post where I said will pay off each month?
by rai
Sun Jul 16, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: 18 year old first credit card recommendations
Replies: 44
Views: 2953

18 year old first credit card recommendations

My daughter is in college has a summer job $1000/month or so. I wanted her to get a credit card to build up a credit history. Best recommendation? Of course no annual fees and if possible good reward points or sign up bonus. Also is it best to use the card every month like getting gas etc to build u...
by rai
Tue Jul 04, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: options to buy stocks
Replies: 27
Views: 1634

Re: options to buy stocks

In fact, it is in a sense the worst of both worlds; you end up buying the stock if it goes down, and not buying it if it goes up. To compensate you for getting the worst of both worlds, you are paid an option premium, which, at any given time, may or may not be sufficient compensation. however, if ...
by rai
Tue Jul 04, 2017 2:21 pm
Forum: Investing - Theory, News & General
Topic: options to buy stocks
Replies: 27
Views: 1634

Re: options to buy stocks

want to check out one or the other books above (inventing money or When genius failed) can't decide which to read.
by rai
Tue Jul 04, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: options to buy stocks
Replies: 27
Views: 1634

Re: options to buy stocks

I sell puts as a means to gain money, not as a substitute for buy and hold which is my major position. I sell low out of the money puts. Example Amazon was at $800/share and I'd sell a 8 month out of the money put strike $600/share for $8 (iow $800 profit). Note this is just an example the actual nu...
by rai
Sun Jun 25, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: SS Payout - Individual and Spouse Benefit
Replies: 8
Views: 1379

Re: SS Payout - Individual and Spouse Benefit

can one receive spousal benefits at FRA and delay their own SS until they reach 70?
by rai
Tue Jun 20, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 8264

Re: is luxury car a smarter purchase?

It's all a crap shoot. I sold my neighbor our old Ford Escort because we had little baby and we wanted a safer (bigger car too) anyway that car had like 120K miles when she sold it at 10 years sold for less than $1000. The neighbor drove the car for another 10 years with minor repairs. Literally it ...
by rai
Tue Jun 20, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 8264

Re: is luxury car a smarter purchase?

Most German luxury cars will cost a lot to fix. I can't say if your car will need to be repaired or not. Even a brand new car can need to be repaired. But I owned one car Honda S2000 literally nothing needed to be repaired or fixed for 6 years. I owned a BMW M3 also 6 years and it cost me $3000 out ...
by rai
Sat Jun 17, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling practice for a lump sum
Replies: 51
Views: 6656

Re: Selling practice for a lump sum

Yes this would be for each partner. It would be taxed as capital gains, so ballpark would be 1.3 m after taxes. I'm also in a medical group looking at a buyout. This cash is large. And a bird in the hand is worth two in the bush. Your effective tax rate is probably 33% or so (depending on state tax...
by rai
Wed Jun 14, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14814

Re: Who takes financial chances and why is this forum so financially conservative?

The only thing about the forum members I would stereotype with being conservative is with cars and a house (and I defy that stereotype in a big way!). I think on cars and houses you have to distinguish between people who are financially "conservative" and those that just don't give a hoot about car...
by rai
Wed Jun 14, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14814

Re: Who takes financial chances and why is this forum so financially conservative?

This forum has all shapes and sizes. I think the key unifying theme is to be aware of saving/investment for the future with a tilt away from stock picking or market timing. Sure some people do pick stocks or trade options (me) but overall I'm more concerned about saving, that is making more than I s...
by rai
Mon Jun 12, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 3040

Re: Variable Life Insurance as an Investment Vehicle

Nothing wrong with investing money in a taxable account. As said above you can tax loss harvest (this is the closest thing to a free lunch) growth not taxed until you sell, dividends and long term gain taxed at a lower than income tax rate. You are free to use the money whenever you want. ** when yo...
by rai
Thu Jun 08, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

C'mon now! You know the general consensus amongst bogleheads is to not consider your emergency fund/cash reserve as apart of your portfolio. this is not the general consensus. I consider all my investible assets as a whole. That means my taxable, my 401K, IRAs, HSA, bank accounts, cash on hand (etc...
by rai
Wed Jun 07, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

I'm not against 100%, just against it as a full on forever plan. I mean once you have got your number or maybe your number three times over, what more are you accomplishing by staying more at risk? Also say you are 30 you can actually work another 30 years well full earner. If you're 50 you can not ...
by rai
Wed Jun 07, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

I'm not trying to argue but just pointing out if young you weren't heavily invested in 2007-8 etc.. There is a famous saying "No battle plan survives contact with the enemy" in other words it all looks good on paper. A better analogy is the famous Mike Tyson quote "Everybody has a plan until they ge...
by rai
Wed Jun 07, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

I'll wager that the young unmarried subset have not lived through 2007 or 1987 holding greater than $1M in assets 100% stock and thought it was a good idea. In 1987 the DOW had two down days one was -22% and one was 8% within 10 days of each other that'd be -$300K in two days from a $1M portfolio an...
by rai
Wed Jun 07, 2017 8:14 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

Can't say100% will always beat some percentage of stocks:bonds as it will happen in the future. No one knows the future plus in past has 100% alaways beat some combination with rebalancing? I mean you can't just look at bond retuns as a static number what if you were at 25% bonds and always rebalanc...
by rai
Wed Jun 07, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 9542

Re: 100% Stock Portfolio?

Looks like that bull market is coming to an end soon! Time to go all cash! I know. These kind of threads are the kiss of death. Well, can't believe a thread like this can effect the market at large, but I see what you mean when people are over joyful with stocks it's usually a sign that people are ...
by rai
Wed Jun 07, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent now first job, tax question.
Replies: 5
Views: 479

Re: Dependent now first job, tax question.

Thanks :sharebeer

Good idea about the Roth IRA too :moneybag

I don't mind paying taxes, but I also don't mind not paying taxes (legally). May get my daughter motivated to save for retirement early ( I'm an MD so it was difficult for me to save much until I was closer to 30).
by rai
Wed Jun 07, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Dependent now first job, tax question.
Replies: 5
Views: 479

Dependent now first job, tax question.

I'm deep in top tax bracket.

My daughter in college full time, age 18 just got a part time job I estimate to earn less than $4000/year

I'm unsure how to file her taxes, and what effect it'll have on my tax deductions.
by rai
Sun Jun 04, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 25707

Re: KF's Worst Case Retirement Plan [KlangFool's]

Folks, This is my worst-case retirement scenario. Please review and criticize. 1) Retire at 54 years old with a portfolio of 1 million and the AA of 60/40 2) 300K Mortgage. 6 years into 30 years 3.49% fixed rate mortgage. KlangFool I fail to see why the need to retire at 54 with so much left to cha...
by rai
Sat Jun 03, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Taxes on sold puts
Replies: 7
Views: 748

Re: Taxes on sold puts

If you have a stock put to you you can sell a covered call on the stock. Suppose you sold a put for a stock trading at $72.5 and you sell the strike price of $70 and the stock falls to $68 and you are forced to buy it. You can turn around and sell a 'call' on that stock at $70 or $72.5 and pick up a...
by rai
Sat Jun 03, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Taxes on sold puts
Replies: 7
Views: 748

Re: Taxes on sold puts

A stock is trading at $100 and you sell an $80 put for $200. By expiration, the underlying falls to $70, resulting in assignment. A couple of months later, the stock rises to $80 and you subsequently sell it, netting you a $1000 gain on the sale of the stock. Since your gain from the premium was $2...
by rai
Thu Jun 01, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on sold puts
Replies: 7
Views: 748

Re: Taxes on sold puts

Virus4762 wrote: This would only happen if your sold put falls into the money though, correct?
correct
by rai
Thu Jun 01, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on sold puts
Replies: 7
Views: 748

Re: Taxes on sold puts

The taxes are for the year the put is closed or expires. In this example that would be 2017 http://www.marketwatch.com/story/how-stock-options-are-taxed-2015-03-18 "Taxes – If you sell a January 2011 put option, you’ll be taxed as a short term gain at your personal tax rate, BUT, not until the 2011 ...
by rai
Mon May 29, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 25638

Re: What do you guys do on the side?

**warning** non-boglehead behavior. I sell (trade) options in my taxable account. Mostly sell puts.

I will pick up some extra work at my day job but not as much as when I was starting out.
by rai
Fri May 26, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Really trying to understand no bonds in taxable
Replies: 46
Views: 4001

Re: Really trying to understand no bonds in taxable

I actually agree with this, to some extent. The reason we buy bonds is to reduce the probability of having bad returns in the short term (since they will almost certainly return less than stocks in the long term). If all our bonds are locked up in retirement accounts, we *can't* access them, which ...
by rai
Fri May 26, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Really trying to understand no bonds in taxable
Replies: 46
Views: 4001

Re: Really trying to understand no bonds in taxable

Not sure about your tax rate but some of us are in top tax bracket which would lead bond income subject to 50% tax rate. If suppose you were 50:50 or whatever 60:40 (I'm using 50:50 for easy example) Say you have 3M and you have Taxable account $1m Tax shelter $2m You should have (IMO) all bonds in ...
by rai
Fri May 26, 2017 7:59 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on REITs
Replies: 66
Views: 8371

Re: Larry Swedroe on REITs

are we supposed to chuck our investment plan after ever new study or stay the course? :confused
by rai
Thu May 25, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17469

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Note one SS strategy for a couple is to begin the SS of the lower SS spouse at age 62, and let the higher amount SS grow until age 70 *then switch over to that one*. I am unsure what you mean by then switch over to that one. Isn't once you start to collect you are set from then onwards? ---— I do h...
by rai
Wed May 24, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17469

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Note one SS strategy for a couple is to begin the SS of the lower SS spouse at age 62, and let the higher amount SS grow until age 70 *then switch over to that one*. I am unsure what you mean by then switch over to that one. Isn't once you start to collect you are set from then onwards? ---— I do h...
by rai
Wed May 24, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17469

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Interesting discussion.. Regarding if you don't need the money (i.e. You have a large enough savings) say you were planning on a ~4% withdraw, could you in fact take ~5% for the first 8 years assume you retire at 62 and defer SS until you are 70. But then be able to withdrawal 3.3% (some number) and...
by rai
Thu May 18, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Investment Question
Replies: 8
Views: 776

Re: Taxable Account Investment Question

Can you believe people would have posted the exact same as your OP right after Brexit or at the time of Greek debt crisis or right after the presidential elections? All great opportunities to make money, so not to be ignored. my point was the OP question is "should I get out now because of xyz is h...
by rai
Thu May 18, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Account Investment Question
Replies: 8
Views: 776

Re: Taxable Account Investment Question

IMO

-tune out the noise
-don't time the market

Can you believe people would have posted the exact same as your OP right after Brexit or at the time of Greek debt crisis or right after the presidential elections?
by rai
Thu May 18, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 12331

Re: Question for you high net worth individuals...

Just my house. My HNW is due to high paying job, retirement accounts (much higher than typical 401k) plus high saving and a bit of lucky stock picking AAPL and MO approaching 10x gains. I'm not avocating stock picking and in hindsight I've picked some real stinkers but I locked onto AAPL like 7-8 ye...
by rai
Sun May 14, 2017 1:26 pm
Forum: Investing - Theory, News & General
Topic: Transfer to Fidelity for Sign on Bonus?
Replies: 35
Views: 5108

Re: Transfer to Fidelity for Sign on Bonus?

I was able to ask E-Trade if they would match that for me to stay and they did.