Search found 588 matches

by sharpjm
Mon Jun 26, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

A week or so ago my wife received a mailer from Citi/AA for the AAdvantage Platinum Select Mastercard offer for 65,000 miles after $4k in spending within the first 4 months. Today she received another mailer from Citi. The offer is identical to the previous one but they have different invitation nu...
by sharpjm
Fri Jun 23, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Got rear-ended: any reason not to go through my ins?
Replies: 25
Views: 1913

Re: Got rear-ended: any reason not to go through my ins?

Be sure to look into a diminished value claim as well. +1 The last time I was in an accident, a guy backed into me while he was backing out of a parking space at like 5 mph. The damage was maybe 2-3k. Insurance paid to fix my car then cut me another check for $1500 after I filed diminished value cl...
by sharpjm
Fri Jun 23, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

The dilemma is much easier for those of us without a CSR and thus without access to the 1.5cpp portal redemptions. My UR transfers have been to United and Hyatt and have been well north of 1.5 cpp. I don't value many of the CSR benefits because they are mostly duplicated by other cards that I have. ...
by sharpjm
Fri Jun 23, 2017 6:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

Chase not only has a 5/24 rule, Chase also looks at your application history for all their other cards. They can turn you down for: Too many new cards from Chase. Don't try for more than 2 in 30 days, 3 in 6 months, or more than 4 a year. This is not a hard rule like 5/24, but many have being turne...
by sharpjm
Thu Jun 22, 2017 5:57 am
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4237

Re: What do you say when you cancel an account that you only opened for bonus?

I will take the honesty comments one step further. The bank is offering the bonus because they want you to try their product because they think they can get your business by offering a better product. The incentive is their foot in the door. If it isn't a better product, or isn't worth the hassle of...
by sharpjm
Tue Jun 20, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index
Replies: 29
Views: 3686

Re: WSJ: MSCI Takes Fresh Look at Adding China Shares to Emerging-Market Index

Does anyone know where to find the list of the companies to be added?
by sharpjm
Tue Jun 20, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

50k is the highest offer. The only other offer one would consider was a limited time, somewhat targeted offer of 40k/$2k + 25k/$2k after 1st year. The 2nd year shenanigans turned many people off and there are DPs of Amex offering 15k MR point retention offers which would make the 50k just as good. ...
by sharpjm
Tue Jun 20, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

Just hit 5/24 (I was approved for 70K United MPE this morning), so the whole word of churning is now open to me (although I'm still skeptical about blowing the lid off of 5/24 because I would like to try for the Southwest CP early next year). I am thinking of getting the Barclay Aviator Red card, s...
by sharpjm
Mon Jun 19, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce and My IRA
Replies: 21
Views: 4385

Re: Divorce and My IRA

Also you didn't mention what type of IRA; for instance, withdrawing from a Roth before 59 1/2 would cost you 10% Contributions to a roth IRA may be withdrawn tax and penalty free at any time. Only earnings are subject to tax and penalty when withdrawn early. Given that the Roth was opened in Januar...
by sharpjm
Mon Jun 19, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: My Wife is having our 5th child. What is an appropriately extravagant push gift?
Replies: 90
Views: 6892

Re: My Wife is having our 5th child. What is an appropriately extravagant push gift?

I suspect sometime soon capitalism will bestow upon us the "conception gift," "first trimester gift," and so on.

As long as you folks are purchasing those hard earned gifts at publicly traded companies, I'm happy with my total market index fund :D
by sharpjm
Tue Jun 13, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: Resorts outside San Francisco
Replies: 20
Views: 1690

Re: Resorts outside San Francisco

Check out Evergreen Lodge at Yosemite or Rush Creek Lodge. We stopped at the Rush Creek one last week after we ran out of water on the way out of the park and it looked really nice. Might be pricier than you want. The only problem is that most places around Yosemite require really far advanced booki...
by sharpjm
Mon Jun 12, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1495

Re: Vanguard believes in active managment

avalpert wrote:
wrongfunds wrote:Because they will either beat the market or they won't; this is where the 50-50 comes from.

Sorry :-)

Just because there are two possibilities doesn't mean they have equal probabilities

Exactly.

I will either get struck by lightning, or I won't.

50% Chance! :P
by sharpjm
Fri Jun 02, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

My credit cards rewards strategy is to not have any credit card debt. I get rewarded with paying no interest. And I don't have to manage multiple credit cards...and I sleep well at night. But it is quite interesting how people use credit cards to get the rewards. I'm tempted to do some research on ...
by sharpjm
Thu Jun 01, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Drowning in debt
Replies: 52
Views: 4616

Re: Drowning in debt

What did you purchase with the $140k HELOC? For privacy, I don't wish to disclose it here. I can say it is an asset that I expect to appreciate at 5% per year and costs next to nothing to keep. Is that 5% before or after inflation? Before or after the 4% interest you are paying? This sounds like a ...
by sharpjm
Sat May 27, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

This is not good advice at all. Most banks don't care how much credit other banks have extended you. Most banks do care how much credit they have extended you. As an example, Chase will typically stop extending more credit to folks once you have reached a CL around 50% of income with Chase. And you...
by sharpjm
Thu May 25, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

I churn em and burn em. I have no loyalty to any credit card company. I've racked up over 3k in rewards so far this year and it's financing my trip to Europe this summer. I think i've been blacklisted for new cards but it was worth it. I doubt you've been blacklisted, you may just need to cool off ...
by sharpjm
Fri May 19, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

As someone sitting at ~30/24, I tend to agree with you but I think one needs to look at the big picture to fully analyze the scenario you mention. Some points to consider: If you do wait out 5/24 the following occurs: * You reset your 24 mo clock on all Chase cards meaning you can get more than jus...
by sharpjm
Fri May 19, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

Chase doesn't care about inquiries, right? only number of new accounts? Chase does not have any hard and fast rule (like 5/24) related to inquiries but it is always something that every bank considers on an application. Some banks are extremely sensitive to # of inquiries - Barclays probably being ...
by sharpjm
Fri May 19, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

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 sharpjm
Fri May 19, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

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 sharpjm
Fri May 19, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Information Technology - VGT or VITAX
Replies: 50
Views: 2948

Re: Vanguard Information Technology - VGT or VITAX

I have a small tilt into VHT/VGHCX and was just looking at VGT earlier this week. I would like to tilt a bit but am struggling with the price given its very recent performance. I had hoped we'd go into correction after Wednesdays turmoil when it dropped almost 3% but things are moving right back up....
by sharpjm
Wed May 17, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1351
Views: 233454

Re: What are you up YTD? [Year To Date]

Uncle Pennybags wrote:
jadedfalcons wrote:98.7% equity, 1.3% bond, 13.7%. :moneybag
Beardstown accounting principals?

Probably lucky stock picks or heavy tilt towards international. Emerging markets killing it YTD.

Up 7.2% YTD at the beginning of the day here. Gonna guess that dropped to ~6% after today.
by sharpjm
Wed May 17, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 916025

Re: U.S. stocks in freefall

Tamalak wrote:Man. We're starved for an actual freefall. When's the last time the markets dropped even 5%?

Ironically, after hours trading on November 8, 2016.
by sharpjm
Mon May 15, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Tipping at All Inclusive Resort?
Replies: 67
Views: 5103

Re: Tipping at All Inclusive Resort?

Though, like I said above, we tipped, it didn't seem to help in some cases. The mixed drinks were very weak. We tipped the bartender well and they were still very weak (mostly- we befriended one bartender). We were not looking to get bombed or anything, but I'd rather have 3 drinks that are 25% alc...
by sharpjm
Fri May 12, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: Goofy idea - moving 401k to money market each weekend
Replies: 15
Views: 1639

Re: Goofy idea - moving 401k to money market each weekend

I have a question, that probably is not practical - just curious. In my 401k, I see that the money market fund pays interest daily. Why couldn't someone, on Friday afternoon, move their funds to the money market over the weekend and gain two days of interest? Then, on Monday, transfer back? Over ti...
by sharpjm
Tue May 09, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: Fitbit Blaze vs Apple Watch
Replies: 24
Views: 2010

Re: Fitbit Blaze vs Apple Watch

O - and I forgot one thing... The Fitbit Charge HR would record gazillions of steps while riding a motorcycle. The Apple Watch doesn't seem to have that problem. This was a known issue with the fitbit, it's possible they've released a firmware update to address it. I don't think any amount of firmw...
by sharpjm
Mon May 01, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

You can still get 1 segment added. We just did this for a trip to new zealand. SFO->AKL... AKL->CHC... CHC->SFO. Theres no doubt the program is worse now than it was before What was your method? Book the trip online, and then call in and ask to add a segment? No I did it all online. I just did a &q...
by sharpjm
Mon May 01, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 3381

Re: TIAA Real Estate vs CREF Equity Index

TREA does not produce equity-like long-term returns. For the past 10 years, it's total return is less than Vanguard Total Bond Index, Total US Stock Market Index, the LifeStrategy funds, etc. Comparisons over the last 5 years are different. Looking at 10 year return almost perfectly captures the pe...
by sharpjm
Fri Apr 28, 2017 4:32 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

As long as award space is available, this will be part of your ticket to Japan and included in that award price. This leg will be included in your award ticket price from Seoul to USA...you just have to find award space. Just make sure you include your flight to Seattle as part of the award ticket....
by sharpjm
Fri Apr 28, 2017 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Chase - $500 to open business checking account. Worth it?
Replies: 7
Views: 926

Re: Chase - $500 to open business checking account. Worth it?

If the offer terms are the same as they were last year, you must keep the account open for 6 months or you may lose the bonus. Chase waives the monthly fee on this account for the first 2 or 3 months. And it would be silly to move $50k into this account just to avoid a $20 monthly fee. You'd be losi...
by sharpjm
Tue Apr 25, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: First post be gentle... credit card 24 month rule? [cancel then reapply to get the bonus]
Replies: 15
Views: 1199

Re: First post be gentle... credit card 24 month rule? [cancel then reapply to get the bonus]

One thing that many in this thread have failed to mention is that if you close a Chase card and apply for a new identical card within 30 days, they will simply re-open the closed card and no bonus will be tied to it. OP, you need to close the card, wait at least 30 days and then you can apply for an...
by sharpjm
Mon Apr 24, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: interesting things to see/do in Victoria and Vancouver, Canada
Replies: 19
Views: 1310

Re: interesting things to see/do in Victoria and Vancouver, Canada

I went to Vancouver last summer - it was my first and only time there. We did Stanley Park, a bus tour of the city, the Capilano suspension bridge, and while we were in Stanley park we saw a girl walking past with an Aquarium uniform on - when we inquired about cost she said, "oh I can get you ...
by sharpjm
Fri Apr 21, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 13194

Re: Do you have an umbrella policy?

Thanks for the reminder. Just signed up for one through Progressive yesterday after reading this post. I had inquired a few months ago after an uncle recommended but I never followed through. $175/yr for $1M no kids, no house, 1 vehicle.
by sharpjm
Fri Apr 21, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

Ohhhhhhh, exciting news, rumor of a new card from US Bank: http://www.doctorofcredit.com/confirmed-details-regarding-u-s-banks-altitude-premium-visa-infinite-credit-card-eligibility-requirements/ Cliff notes: From US Bank, annual fee $400 $325 annual travel credits, so really a $75 card if you use ...
by sharpjm
Fri Apr 21, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

Ohhhhhhh, exciting news, rumor of a new card from US Bank: http://www.doctorofcredit.com/confirmed-details-regarding-u-s-banks-altitude-premium-visa-infinite-credit-card-eligibility-requirements/ Cliff notes: From US Bank, annual fee $400 $325 annual travel credits, so really a $75 card if you use ...
by sharpjm
Fri Apr 21, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Booking united award tickets with 2 accounts
Replies: 13
Views: 1462

Re: Booking united award tickets with 2 accounts

My SO and I just did this for a big international trip. We just logged into our accounts from different PCs and booked at the exact same time and had no issues.
by sharpjm
Sun Apr 02, 2017 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2268

Re: Max Out 0% Promo Credit Card

There are plenty of banks that will let you do this (I can think of 1 off the top of my head that will let you do $5k) but it's really not worth it. OP I would definitely not do this. Your card issuers do routinely pull you credit and if they see it drop significantly they could increase your inter...
by sharpjm
Sat Apr 01, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 11093

Re: Saving 50% of salary; what does it really mean?

Unless I have mis-interpreted your calculations, it appears that you included $48k of savings into your "44% off the top" number. They would only need to save an additional $102k of the remaining $167k take home to reach 50% savings of gross pay. And as others have mentioned, many people w...
by sharpjm
Tue Mar 28, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 5205

Re: Daughter maxed out credit cards, needs help from me

I would offer the loan with conditions as well. Make her print out every credit card statement that got her to this point and go over every purchase with her. I'm sure this sounds intrusive but I would want to be 100% certain that there is nothing nefarious going on before helping. "Make" ...
by sharpjm
Mon Mar 20, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Credit Card Rewards Question
Replies: 5
Views: 726

Re: Fidelity Credit Card Rewards Question

It is a 2% card. The 1.5% shenanigans went away when Elan took over.

Fidelity Changing Over to Elan on Saturday + Call to Covert your 1.5% Card to 2%


p.s. - DoC is a great source for info like this for those who are into the rewards CC game.
by sharpjm
Thu Mar 16, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 12002

Re: GEICO auto rates vs. USAA: too good to be true?

When I had Geico many years ago my rates would consistently rise. I had no at fault claims with them but at one point my car was towed and the towing company destroyed the rear differential by towing an AWD car with only 2 wheels rolling. Geico seemed to do very little to try to recover my deductibl...
by sharpjm
Mon Mar 13, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: ETF P/E ratio confusion
Replies: 4
Views: 459

Re: ETF P/E ratio confusion

I don't know the answer but I want to subscribe to thread for insight. I notice the same type of variance between yahoo, google, and TD Ameritrade.
by sharpjm
Fri Mar 10, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan OR more to Roth IRA
Replies: 18
Views: 788

Re: Pay off student loan OR more to Roth IRA

At your age, I'm a big fan of Traditional IRA's over Roth if you qualify for any deduction on your returns. You've got 40+ years for that money to grow. Good thoughts on that for the young investor here: https://momanddadmoney.com/traditional-vs-roth-ira-for-young-investors/ Why not Roth? She says ...
by sharpjm
Sat Mar 04, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!
Replies: 68
Views: 8250

Re: Paying Zero Income Tax on $100,000 Income? Really? Let's see if we can give new life to this old topic!

You can most definitely make over $100,000 and pay no--or extremely low--income taxes. There's one blogger, rootofgood.com who had a family income of $150,000 and paid $150 in income taxes. You can read the details here: http://rootofgood.com/make-six-figure-income-pay-no-tax/ The basics behind it:...
by sharpjm
Tue Feb 28, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10840

Re: Seems Dave Ramsey is right about debt

Awhile back I finished paying off a 10% line of credit loan, then recently I finished paying off a 7% personal loan, and this month I finished paying off a 5% student loan. They were paid off in largest interest rate to smallest, not smallest principle to largest. To me, it "feels good" kn...
by sharpjm
Tue Feb 28, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: Fidelity drops equity trade fee to $4.95
Replies: 69
Views: 5891

Re: Fidelity drops equity trade fee to $4.95

powermega wrote:I don't see how outfits like Scottrade and E*Trade can survive. $5/trade is super cheap.

Options house / trade king has had $5 trades for years and they didn't seem to be phased by it.
by sharpjm
Fri Feb 24, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1872
Views: 296099

Re: What's Your Credit Card Rewards Strategy?

My general recommendation to Bogleheads readers of this thread is to regularly review three to six travel/credit cards/rewards blogs. They provide you with the latest news and contain useful information you did not seek. My regular go-to blogs are: http://frequentmiler.boardingarea.com/ http://mill...
by sharpjm
Fri Feb 24, 2017 2:14 am
Forum: Investing - Help with Personal Investments
Topic: Thanks for AA advice - new to the game
Replies: 14
Views: 917

Re: Thanks for AA advice - new to the game

Max your 2016 Roth. If the $4k planned contribution doesn't max it, then move money from taxable to the 2016 Roth You seem to be putting a lot of thought on AA but the only thing that is going to get you from point A to B in 10 years is an exceptionally high savings rate. Maxing 401k and a roth for ...
by sharpjm
Wed Feb 22, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 7909

Re: Need advice on girlfriend debt/finances

I agree with almost everyone in this thread but wanted to post a differing viewpoint. You said she recently left a high paying job due to stress. And prior to this she took 6 weeks off. Is it possible that the job loss and reduced income is part of, if not the entire, cause of the debt? The credit c...
by sharpjm
Mon Feb 20, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Checkup
Replies: 4
Views: 644

Re: Retirement Savings Checkup

I can understand you want to pause or reduce contributions to save up money but here is what stood out to me. Your husband income is pretty soon going to be phased out and won't be able to contribute to a ROTH IRA (2017 contribution limit for jointly is $186) if he gets an annual raise or raise or ...

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