Search found 100 matches

by taguscove
Fri Oct 13, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 2984

Re: Gold ETF

Gold should be thought of as a currency that does particularly well during a market flight from risk. I find it amusing how most Bogleheads swear by diversifying their market risk position, yet keep their cash position completely undiversified in US dollars or dollar denominated instruments. GLD and...
by taguscove
Sun Oct 08, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do with your empty inkjet cartridges?
Replies: 22
Views: 1498

Re: What do you do with your empty inkjet cartridges?

Throw them in the trash; it's the American way. I used to hold things like cartridges and batteries for recycling, but the situation just cluttered the house and my attention. Now I stopped bothering and throw them in the trash.
by taguscove
Sun Oct 08, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 2140

Re: 3x gross income = house purchase price, should interest rate be taken into account?

I'm surprised that someone hasn't mentioned the little known but powerful "zero" rule. No home purchase allowed until you are retired, report zero income, and can pay for the house in cash! The level of conservatism I see on Bogleheads.org cracks me up :) 3x is fine but simplistic for all the reason...
by taguscove
Wed Sep 27, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3793

Re: Tax saving strategies for DINKs

I'm in a similar situation. A W-2 income is a very simple and easy target to tax. Due to the simplicity of the taxation, such income is highly taxed with few options to avoid taxes. That said, you still have some options. 1. Buying a house with a mortgage is an impactful choice, but not in the time ...
by taguscove
Mon Sep 25, 2017 11:15 pm
Forum: Personal Consumer Issues
Topic: Comfort level re: tracking at physical shopping centers
Replies: 52
Views: 4674

Re: Comfort level re: tracking at physical shopping centers

Agreed that privacy is essentially dead. Five years from now, the main countermeasure will be to avoid internet connected device, urban centers, and other people who have internet connected devices. It's a sacrifice that I doubt many would choose. As of 18 months ago, machine learning algorithms (sp...
by taguscove
Sun Sep 24, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 6806

Re: Tipping question....Applebees

The main problem is that Americans still tip. Tipping is an antiquated and unnecessary step in the dining experience that adds zero value. It creates big disparities in pay between the front and back restaurant staff.
by taguscove
Fri Sep 22, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8242

Re: Age you retired

Retired at 24. Almost any work out of college is a grind, and I took the chance to retire after receiving a substantial inheritance.
by taguscove
Fri Sep 22, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4307

Re: Asking for no wedding gifts

I'm with Gill. Cash only is not classy. There is a lot of etiquette involved with weddings. No gifts might even offend some people that want to give you a gift. There seems to be differing opinions. Maybe easiest to accept whatever gifts people give you and throw away the rest. Cash is pretty compa...
by taguscove
Fri Sep 22, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4307

Re: Asking for no wedding gifts

maybe "cash gifts required"????
by taguscove
Fri Sep 22, 2017 8:51 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4307

Re: Asking for no wedding gifts

Gill wrote:
Fri Sep 22, 2017 8:44 pm
taguscove wrote:
Fri Sep 22, 2017 8:40 pm
I suggest printing "cash gifts preferred" on the wedding invite or e-mailing separately.
:thumbsdown :thumbsdown :thumbsdown
Gill
troll reply
:thumbsdown :thumbsdown :thumbsdown
by taguscove
Fri Sep 22, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4307

Re: Asking for no wedding gifts

Giving gifts is embedded in American wedding culture. We were married this year, requested cash preferred, but still received many physical gifts. I suggest printing "cash gifts preferred" on the wedding invite or e-mailing separately. Any gifts you still receive can be donated or thrown away.
by taguscove
Thu Sep 21, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2375

Re: Tenant wants to break contract. How much to pay an attorney?

Find out the opposing counsel, and get one at least as reputable/expensive. Lawyer up, it's the American way.
by taguscove
Thu Sep 21, 2017 9:34 am
Forum: Personal Consumer Issues
Topic: How to deal with Amazon purchases with Mint.com??
Replies: 37
Views: 2821

Re: How to deal with Amazon purchases with Mint.com??

If you have prime, just buy each purchase individually and have it shipped separately. Nothing quite like a $1.50 item with an $8 shipping cost.
by taguscove
Wed Sep 20, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 5039

Re: Getting (young) kids interested in coding

My parenting tips for a 6 year old: - Turn off the TV (and yes, that includes Youtube) - Send them outside to play Best idea yet. A counterpoint. I was playing over 8 hours of computer games through middle school and high school from 3-11PM daily. Didn't mix with other suburban kids and school was ...
by taguscove
Mon Sep 18, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Super Nintendo Classic edition
Replies: 22
Views: 1341

Re: Super Nintendo Classic edition

Humans perform so poorly compared to scripts for purchasing : (

A while loop can continually ping a dozen retailer sites for availability ten times a second. Then checkout with a distributed payment and shipping list. I personally wish it weren't so unbalanced.
by taguscove
Mon Sep 18, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Super Nintendo Classic edition
Replies: 22
Views: 1341

Re: Super Nintendo Classic edition

Perfect storm of a couple things High Demand Not enough supply Re-sellers using bots to purchase up as many units as they can. The re-sellers use their bots to get 20 of those things in their carts before you can even get the page to load. Haha, yeah the bots are a cute use of web scraping and scri...
by taguscove
Mon Sep 18, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Deductible
Replies: 4
Views: 531

Re: Auto Insurance Deductible

Across multiple auto insurers, I've been been surprised at how small the insurance cost decreases by raising the collision deductible. I would personally keep the deductible at $500 and seek to completely drop the collision coverage once the car value falls to where you're fine covering for a total ...
by taguscove
Mon Sep 18, 2017 12:11 am
Forum: Personal Consumer Issues
Topic: Manufacturers rebate for Chevy Cruze
Replies: 9
Views: 1185

Re: Manufacturers rebate for Chevy Cruz

Maybe yes, maybe no. it depends.
by taguscove
Fri Sep 01, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Discover card inquiry about income and liquid assets
Replies: 50
Views: 3732

Re: Discover card inquiry about income and liquid assets

Take a best guess or completely make up numbers if you want. If Discover has a problem, take your business elsewhere. This data is inserted into models on default rates for credit card approval and credit lines. In a related example, I once reversed my name in a credit application (John Smith as "ht...
by taguscove
Fri Aug 04, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding between retirement and general savings in my 20s
Replies: 28
Views: 2997

Re: Deciding between retirement and general savings in my 20s

Speaking as a fellow finance graduate with a similar background 10 senior. Other than $2-5k cash, try to max your 401k (18k), then the IRA (5.5k) aggressively. Don't put anything into after tax, non-tax preferred investment accounts until then. The reason is that the 401k and IRA provide big tax sav...
by taguscove
Wed Aug 02, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: How far off are Zillow's estimates?
Replies: 82
Views: 7947

Re: How far off are Zillow's estimates?

Speaking as a data scientist, I admire what Zillow is trying to do. They've fit a good model upon the best available data. However, realize that the data comes from multiple sources (mostly public) and is messy. Zestimate won't discover your kitchen renovation, basement addition. It may even get you...
by taguscove
Fri Jun 30, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13698

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

I'm not the parent, but getting married in a month. Parents in-law are paying for the wedding, our parents the rehearsal dinner, and we're paying for breakfast the following day. I would have preferred a low key wedding, but in-law parents wanted something grand. The per-person cost is now at $750....
by taguscove
Thu Jun 29, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13698

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

I'm not the parent, but getting married in a month. Parents in-law are paying for the wedding, our parents the rehearsal dinner, and we're paying for breakfast the following day. I would have preferred a low key wedding, but in-law parents wanted something grand. The per-person cost is now at $750. ...
by taguscove
Wed Jun 21, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Managing Paper Receipts
Replies: 28
Views: 2559

Re: Best Practices for Managing Paper Receipts

Any receipts I receive go immediately to the trash can. 90+% of my dollar value transactions are digital and the remainder aren't large enough to matter.
If it's actually important, I ask the retailer for a copy. About the only receipts I retain are my W2 and annual 1040.
by taguscove
Wed Jun 21, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: What is your car's average cost ownership?
Replies: 70
Views: 5627

Re: What is your car's average cost ownership?

There's so much selective accounting going on. Previous posters are largely estimating long term average depreciation and ignoring many big additional costs of ownership. Total cost of owning a car for most Americans ranges from $4000 to $8000 a year. 2014 Chevrolet volt 1 year cost this year: $ 389...
by taguscove
Mon Jun 19, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: New Box Spring?
Replies: 22
Views: 1581

Re: New Box Spring?

A box spring's purpose is to provide a flat surface and raise the bed to your preferred height (i.e. sexy time height). If your current box spring does that, a new box spring is not necessary. Many current beds are even designed to remove the need for boxsprings. On a related topic, the mattress ind...
by taguscove
Mon Jun 19, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Moving to SF Bay Area, Considering REITs for investments
Replies: 14
Views: 2285

Re: Moving to SF Bay Area, Considering REITs for investments

I agree with what everyone else said. Don't overweight REITs. Just own a diversified stock and bond portfolio.

The reality is that REITS are very loosely correlated to SF housing prices and won't act as a substitute. The REITs are mostly commercial with a heavy emphasis on generating income.
by taguscove
Sun Jun 11, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 73
Views: 8097

Re: Does anybody else out there still pay for an email address?

"Email services offered by gmail, yahoo, hotmail, etc. are vulnerable and have been hacked." Anything that interacts with the Internet has the potential to be hacked. Companies that focus primarily on e-mail likely do a better job on securing their mail systems. But don't fool yourself thinking tha...
by taguscove
Wed May 24, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Suits: best bang for your buck?
Replies: 64
Views: 9687

Re: Suits: best bang for your buck?

Look to style forum. Suitsupply is a consistent favorite in the below $1000 category. Best suits for $400-600. Jcrew also good but a tier below Jos a banks and men's warehouse are substantially lower quality and value. Dark Navy or charcoal suit is most versatile. Black suits surprisingly have a muc...
by taguscove
Mon May 22, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Need advice about mortgage for first time buyer
Replies: 9
Views: 1252

Re: Need advice about mortgage for first time buyer

I agree to look into a 5 or 7 year arm. We ended up choosing a 15 year. In my opinion, too many people see the 30 year mortgage as the default option. It's a very long period commitment that exposes the lender to substantial interest rate risk. As a borrower, you pay a premium for a lender to commit...
by taguscove
Mon May 22, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Galapagos Trip, Suggestions
Replies: 23
Views: 2493

Re: Galapagos Trip, Suggestions

Great choice! I have traveled widely, and visiting the Galapagos is one of the top 3 destinations I've ever experienced. It's a wonder to interact with wildlife that's not afraid of humans. Cruise on a boat with 8-16 passengers is really the best option. As an avid independent traveler, my intuition...
by taguscove
Fri May 19, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: Anyone else track the value of their investments by discounting the value of equities?
Replies: 64
Views: 4743

Re: Anyone else track the value of their investments by discounting the value of equities?

Once a year i'll run an exercise where I discount all financial assets at 0% to simulate a complete financial collapse.
A home, 6 months of food, water filtration, medicine and shotgun are a good offset to this scenario.
by taguscove
Tue May 16, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts on the FP&A (financial analysis) certification?
Replies: 4
Views: 668

Re: thoughts on the FP&A (financial analysis) certification?

I doubt there's much value. To get a job, I would message lots of people on Linkedin with carefully tailored messages demonstrating your research. I worked in the GE Capital FP&A organization for 2.5 years, interacted with dozens of FP&A managers. To get stared with FP&A, you just need E...
by taguscove
Fri May 12, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 5789

Re: Cars: Expense or Asset?

A passenger vehicle is an asset. The depreciation is the largest contributor to vehicle operating expenses. The question you're asking is essentially an accounting debate. Do you think in terms of GAAP income statement earnings, GAAP cash flow, or some sort of Pro-forma accounting. There's no right ...
by taguscove
Thu May 11, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Tesla Solar Roof
Replies: 81
Views: 9408

Re: Tesla Solar Roof

Though very promising, it's clearly an early adopter technology. I remember analyzing the Toyota Prius in 2001 when it first came out, and it made zero economic sense compared to a Toyota Corolla. What I failed to consider was the trajectory that the new technology would improve. 15 years later, hyb...
by taguscove
Wed May 10, 2017 8:26 am
Forum: Personal Consumer Issues
Topic: HOA & renting rules
Replies: 27
Views: 2765

Re: HOA & renting rules

I think I would be inclined to rent it. In this sharing Economy it is a very common practice. Just include in lease that owner will refund security deposit and rent if hoa forces eviction. The HOA would go after owner with fines and Lein on property For any violation of HOA rules. Sounds like a gre...
by taguscove
Thu May 04, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried couple purchasing a home?
Replies: 72
Views: 4757

Re: Unmarried couple purchasing a home?

I bought a home with my girlfriend last year. Married couples have a fairly well established legal framework for handling separation. Other relationships are like the wild west where some exceptionally non-intuitive/unjust outcomes can happen. I recommend that you talk to a local lawyer. $400-1000 w...
by taguscove
Wed Apr 19, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Another: Rent out current house or sell? (what did you do?)
Replies: 3
Views: 581

Re: Another: Rent out current house or sell? (what did you do?)

I suggest you either sell now or try renting and sell within 3 years. 1. tax treatment: For your primary home, there is a $250k exclusion ($500k if married) on capital gains. To qualify, you need to sell within 3 years of moving out. ( https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Ta...
by taguscove
Wed Apr 19, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Armageddon Insurance - how to spend $100k
Replies: 29
Views: 2933

Re: Financial Armageddon Insurance - how to spend $100k

For research, watch "The Walking Dead." What preparation helped various parties and groups during that fictional societal collapse? Localized economic disruption is much more likely than full on collapse. Think Hurricane Katrina, where the roads, power, and water are cut for weeks at a ti...
by taguscove
Thu Apr 13, 2017 8:10 am
Forum: Personal Consumer Issues
Topic: Car waxing/sealant for a newb (not for high level detailing)
Replies: 10
Views: 1384

Re: Car waxing/sealant for a newb (not for high level detailing)

Is there a benefit to washing / waxing / sealing other than aesthetics? I've tried washing and waxing 3-4 times, but didn't notice a substantial difference beyond the immediate gratification of a beautiful looking car. I realized that car washing isn't something I enjoy, so I just stopped the past 5...
by taguscove
Wed Apr 12, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: 20yr fixed, 30yr fixed, or 7/1 ARM
Replies: 48
Views: 3687

Re: 20yr fixed, 30yr fixed, or 7/1 ARM

If you are confident about moving within 10 years, I suggest you seriously look at a 7/1 ARM. A 20 year or 30 year fixed exposes the lender to a substantial amount of interest rate risk ("duration" in bond language). The borrower even has the option of paying the mortgage early if interest...
by taguscove
Wed Apr 12, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 4381

Re: Legality of renters posting reviews of a condominium complex?

This is an interesting question. I believe I found the relevant passage: Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof, or abridging the freedom of speech or of the press, or the right of the people peaceably to assemble and to petition t...
by taguscove
Thu Apr 06, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: Value of having TIPS funds?
Replies: 35
Views: 4383

Re: Value of having TIPS funds?

TIPS are safer than corresponding nominal bonds and offer great portfolio diversification. As a downside, TIPS offer very low return to match the low risk. TIPS perform best when inflation is above expectations and growth is below expectations. Nominal bonds perform best when inflation is below expe...
by taguscove
Wed Mar 29, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Doubting Shiller -- what is the "correct" P/E?
Replies: 44
Views: 3569

Re: Doubting Shiller -- what is the "correct" P/E?

The dividend discount model takes a bond valuation and applies it to stocks. Let's start with a simpler dividend discount model A 3 year bond with annual payments of $10, no principal repayment. Current market value is $27 $27 = year 1 payment: $10 / discount rate ^ 1 year 2 payment: $10 / discount ...
by taguscove
Mon Mar 27, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Boston apartment hunting advice/can I afford a studio?
Replies: 48
Views: 4141

Re: Boston apartment hunting advice/can I afford a studio?

No, you can't afford it. 1. your income is below the Boston metro median 2. Boston is a top 5 cost of living USA city 3. Beacon hill most is the most expensive neighborhood per sq. ft. in Boston 4. A dedicated parking space in Boston proper is $300, with some select places at $350-400. As other peop...
by taguscove
Tue Mar 21, 2017 3:29 pm
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1712

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

-> Sonata has a soft suspension, similar to Toyota Camry. Consider the Kia Optima or Honda Accord if you prefer a firmer suspension. Consider the Mazda 6 if you place a premium on responsive driving. -> Sonata sloped back window impacts visibility compared to the Camry and Accord. I prefer the looks...