Search found 976 matches

by finite_difference
Sat Sep 22, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3456

Re: Puerto Rico as legal tax Haven?

Also, since it’s a relatively remote island, unless they are produced locally goods cost more since they need to be shipped. Finally, many states in the continental US offer competitive taxes/tax breaks for businesses as well. All non-locally produced goods are subject to the Merchant Marine Act of...
by finite_difference
Sat Sep 22, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 186
Views: 10949

Re: iPhone XS Max

I always find it funny when people get all uppity about the new iPhones. The fact is that the phone is likely the number 1 used piece of equipment/device/accessory/etc. by nearly everyone in the country besides their bed. If you think it is too expensive just buy a cheaper alternative, but don’t co...
by finite_difference
Fri Sep 21, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3456

Re: Puerto Rico as legal tax Haven?

mouses wrote:
Thu Sep 20, 2018 8:19 pm
I thought Roths got taxed nowhere...
That’s what I thought too, but since PR is not a state, it has its own tax code.

It’s ironic that PR can have its own tax code, but can’t file bankruptcy like states can.
by finite_difference
Fri Sep 21, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3456

Re: Puerto Rico as legal tax Haven?

... Seems like a pretty crappy tax haven unless you have a lot of capital gains. It's good for traders, and for businesses that legitimately want to move operations to PR and employ people and improve the economy there (which was the intent of the policy). Hmm I dunno, maybe for traders. I think th...
by finite_difference
Fri Sep 21, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 186
Views: 10949

Re: iPhone XS Max

Here is a comparison of different sizes: https://pbs.twimg.com/media/Dm68Kk1W0AEY2UF.jpg https://pbs.twimg.com/media/Dm68Kk1W0AEY2UF.jpg Thanks for posting this. I have a 6S, which is the same size as the 7, and that is a bit too big for me. I want the iPhone SE size, except with a bigger OLED scre...
by finite_difference
Thu Sep 20, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3456

Re: Puerto Rico as legal tax Haven?

If you're earning the money in Puerto Rico maybe... if you're earning money from elsewhere in the U.S. (i.e. from stocks, bonds, retirement account ... a decent job) then you've got income taxable to the Feds. Maybe read the article? If you get your 180-something Puerto Rico days, you dodge Federal...
by finite_difference
Wed Sep 19, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3456

Re: Puerto Rico as legal tax Haven?

If you're earning the money in Puerto Rico maybe... if you're earning money from elsewhere in the U.S. (i.e. from stocks, bonds, retirement account ... a decent job) then you've got income taxable to the Feds. Maybe read the article? If you get your 180-something Puerto Rico days, you dodge Federal...
by finite_difference
Wed Sep 19, 2018 12:25 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 58
Views: 5388

Re: I see now why Rollovers can take FOREVER ....

livesoft, I actually had to do a rollover from an Ameriprise 403(b) from an old employer (which also used TSACG as TPA) to a Fidelity 403(b) with a different TPA. Ameriprise is arguably an even worse brokerage than TIAA in terms of paperwork. However, I have managed to do two successful rollovers f...
by finite_difference
Wed Sep 19, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4403

Re: Bonds. Why? (vs. cds)

I didn’t realize there were CD mutual funds. Interestingly they are not competitive it seems like compared to buying your own and Vanguard does not offer a mutual fund for CDs (but they do offer brokered CDs). Not sure I understand. I said that hedge funds can buy CD's. Not sure if there are CD bas...
by finite_difference
Wed Sep 19, 2018 12:16 am
Forum: Local Chapters and Bogleheads Community
Topic: Jack Bogle Bobblehead
Replies: 18
Views: 1975

Re: Jack Bogle Bobblehead

If it’s well made and under $50 I’d buy one.

But I haven’t been a Boglehead long enough to be able to afford a $5,000 one!
by finite_difference
Tue Sep 18, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4403

Re: Bonds. Why? (vs. cds)

Can hedge funds buy up lots of CDs or is it for small time investors only? Yes, why not. I didn’t realize there were CD mutual funds. Interestingly they are not competitive it seems like compared to buying your own and Vanguard does not offer a mutual fund for CDs (but they do offer brokered CDs). ...
by finite_difference
Tue Sep 18, 2018 11:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496431

Re: U.S. stocks in freefall

Haven't you heard? We're going to go into a recession the second half of next year. You can take it to the bank.... Nice chart at MarketWatch today: https://farm2.staticflickr.com/1893/44364009251_20055175e1_o.jpg https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-wi...
by finite_difference
Tue Sep 18, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4403

Re: Bonds. Why? (vs. cds)

CD's are bonds and have the same interest rate risk as other bonds. CDs are not bonds. CDs are basically a cash-equivalent time deposits, usually issued by a bank and typically FDIC insured and are not registered with the SEC. Bonds are debt instruments, issued directly to investors by companies or...
by finite_difference
Tue Sep 18, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4498

Re: Dilemma: Add room to current house or buy new house?

If you want to really out do the neighbors, you need an elevator: viewtopic.php?f=11&t=258653

As an added benefit, your spouse doesn’t need to worry about stairs :beer

Also, don’t forget the home theatre and gym in the basement.
by finite_difference
Sun Sep 16, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Solar Install w/ SolarCity
Replies: 36
Views: 2437

Re: Solar Install w/ SolarCity

My System: 41.5 kWh storage with 3 PowerWalls (each has capacity of 13.5 kWh) Over the last three years we average ~19,300 kWh @ 12.5cents/kWh ($2400) Am I reading this right? You use on average 19,300 kWh/year and three Powerwallas store 41.5 kWH, meaning once they are full charged, you will have ...
by finite_difference
Tue Sep 11, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Remodel for aging in place
Replies: 44
Views: 3048

Re: Remodel for aging in place

They make really nice and reasonably cost elevator kits these days. They attach to the outside of your existing house so there is no need to change the footprint to accommodate them. They only need to cut an access doorway in the outside wall into each floor that you want service to. My great aunt ...
by finite_difference
Sun Sep 09, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17784

Re: Bay Area housing frenzy cooling

We left the Bay Area because of house prices. To Manhattan, where they're more reasonable. :shock: I think prices are sticky on the way down, often for years. The highest recent price burns into people's minds so they don't want to sell at a "discount". Those that have to sell do, those that don't ...
by finite_difference
Sun Sep 09, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17784

Re: Bay Area housing frenzy cooling

Lots of hypothesis as to why, but will be interesting to watch as to whether this is an overdue correction in a few overheated markets, or a harbinger of a broader problem in the economy. I concur. I suspect that the "why" is a confluence of factors, many of which have already been mentioned - risi...
by finite_difference
Sun Sep 09, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4503

Re: How much do bogleheads save in 529?

Mark Cuban and other notable investors have also previously expressed we are in an “education bubble” that is bound to burst. And when the bubble bursts, these things all become free? Like how we all get free houses now? There may be a bubble, but unlike tulip bulbs, we actually need education. We'...
by finite_difference
Sat Sep 08, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 53
Views: 2991

Re: Buying a new Toyota Camry. What extra options if any?

I didn't look at the options that are options and are not standard, but I will say that I drove a 2018 Camry rental car for over 400+ miles and it had the safety features such as adaptive cruise control, lane change alert/assist, parking assist beeps, backup camera, navigation, reverse automatic br...
by finite_difference
Sat Sep 08, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2201

Re: D. E. Shaw fund prospectus - would you invest?

No, but I’d invest 10% of my savings into Renaissance Technologies Medallion Fund, if I could. Just for fun.
by finite_difference
Sat Sep 08, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9836

Re: Max you should invest in a 529?

If kids are smart, university education will be free. Anything money can buy is worth "less". WhiteMaxima, If kids are smart, why do they need a university education in the first place? There are many millionaires in my family. Some of them never enter high school at all. There are many paths to ed...
by finite_difference
Sat Sep 08, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3025

Re: Is it sensible to buy a car from Elon Musk?

I just listened to Elon Musk’s podcast interview with Joe Rogan which generated the pot smoking controversy. The interview is over two hours long and if anything it made me more likely to buy a car from Elon Musk. What an impressive and interesting guy. He can be impressive and interesting and also...
by finite_difference
Fri Sep 07, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9836

Re: Max you should invest in a 529?

No correct answer, depends on your financial situation. I am in the "max" camp because 1) I have decided to write a blank check for my kids educational needs 2) If they don't use the money, I likely won't need it and it can help niece / nephews + future generations 3) I can use 10k / year for priva...
by finite_difference
Wed Sep 05, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6846
Views: 1496431

Re: U.S. stocks in freefall

Haven't you heard? We're going to go into a recession the second half of next year. You can take it to the bank.... Nice chart at MarketWatch today: https://farm2.staticflickr.com/1893/44364009251_20055175e1_o.jpg https://www.marketwatch.com/story/the-road-to-fresh-stock-market-highs-is-littered-wi...
by finite_difference
Wed Sep 05, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4608

Re: How much do you spend on kids extracurriculars?

Can you break it down by sport/activity? I would be particularly curious about how much Taekwondo costs, because it’s typically designed to make money. For example, colorized belts were invented to make money. Yes, that is one reason I hate it, you have to pay for belt promotions every 2 months, th...
by finite_difference
Wed Sep 05, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9458

Re: How to "waste" money on groceries?

Heirloom tomatoes from the farmers market. I would splurge even more on them, but this year is not good for tomatoes in general. Heirloom tomatoes are so good. I think unless you are literally not eating it and throwing it away, premium food is generally not a waste of money! If it helps you to eat...
by finite_difference
Mon Sep 03, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4608

Re: How much do you spend on kids extracurriculars?

You should realize that many of the extracurricular activites for kids are just structured/negoitated babysitting service. They provide parents with some comfort that their children are supervised and hopefully kept safe. The expense of the activities is an angle exploited by the vendors to attract...
by finite_difference
Mon Sep 03, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 4608

Re: How much do you spend on kids extracurriculars?

Can you break it down by sport/activity? I would be particularly curious about how much Taekwondo costs, because it’s typically designed to make money. For example, colorized belts were invented to make money. I pay approximately $1k/year for Kung Fu instruction, which includes up to 5 one-hour clas...
by finite_difference
Tue Aug 28, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 275
Views: 26186

Re: U.S. stocks continue to soar!

Anyone have the scripting chops to pull dates of posts from these two threads and update a speadsheet? I don't think I can do it in COBOL 74 or 85. Um, do you even have a computer that runs COBOL?? :shock: (I guess I’m old, I actually know what COBOL is. :| ) Yes, and so do you. COBOL is still a su...
by finite_difference
Tue Aug 28, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 275
Views: 26186

Re: U.S. stocks continue to soar!

Are all your friends trading stock tips? Do you hear a lot of people discussing stocks in public? I don’t think we have entered the irrational exuberance stage, and strong earnings have made stocks less expensive. Of course that doesn’t mean a crash is not around the corner — especially since this t...
by finite_difference
Sat Aug 25, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7021

Re: Game Changing Inheritance of Stocks! Now what?

Sell the stock, KEEP the mortgage. Set up a diversified portfolio with the money. The likelihood of coming out ahead is high. There's some merit to the one inheriting it keeping it separate. A good spouse would suggest that the other do that. Then there's no hard feelings either way. But a mortgage...
by finite_difference
Fri Aug 24, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17784

Re: Bay Area housing frenzy cooling

If there is a tech downturn like 2000-03, the market will fall. Otherwise it's hard to see it. It's the tech sector that counts, not the general US economy particularly. Just as the Securities industry drives a lot of other economic activity in greater NYC area, so tech industry drives what goes on...
by finite_difference
Fri Aug 24, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 17784

Re: Bay Area housing frenzy cooling

If there is a tech downturn like 2000-03, the market will fall. Otherwise it's hard to see it. It's the tech sector that counts, not the general US economy particularly. Just as the Securities industry drives a lot of other economic activity in greater NYC area, so tech industry drives what goes on...
by finite_difference
Fri Aug 24, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: "75 Must Know Statistics About Long-Term Care: 2018 Edition"
Replies: 52
Views: 5432

Re: "75 Must Know Statistics About Long-Term Care: 2018 Edition"

Insurance generally works best for low probability high impact events for both the insured and the insurance companies. What makes LTC problematic is it covers high probability high impact events. Currently still leaning towards self insurance but keeping an open mind. Yeah considering ~15% of folk...
by finite_difference
Fri Aug 24, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Any advice if I should buy this Used Minivan?
Replies: 21
Views: 1444

Re: Any advice if I should buy this Used Minivan?

Struck a tree at 45 mph and airbags did not deploy?

Almost sounds like the car got clotheslined by a branch.

Or rolled over into a tree, but at 45 mph that would sound catastrophic.

Before buying, definitely make sure your independent mechanic looks it over.
by finite_difference
Wed Aug 22, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: "75 Must Know Statistics About Long-Term Care: 2018 Edition"
Replies: 52
Views: 5432

Re: "75 Must Know Statistics About Long-Term Care: 2018 Edition"

For me, I would still have my pension coming in, plus I or my POA would start Social Security if not already going (assuming this is after my next birthday). Those two probably pay half of costs at a good facility currently, but it's difficult to project with certainty too far into the future as th...
by finite_difference
Wed Aug 22, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: "75 Must Know Statistics About Long-Term Care: 2018 Edition"
Replies: 52
Views: 5432

Re: "75 Must Know Statistics About Long-Term Care: 2018 Edition"

What’re you projecting for the cost of a good facility? It's always difficult to accurately predict price increases, especially in health care, but I've been using a notional figure of 120k/year. That might be high, especially as I'm in a LCOL area, but again you need a number to work with. Some on...
by finite_difference
Wed Aug 22, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Alan Watts
Replies: 3
Views: 707

Re: Alan Watts

Yes, in that his book, This Is It, introduced me to Taoism/Zen philosophy. I think he writes well and his enthusiasm and curiosity were refreshing. I had a tiny Zen moment as I sat in detention and started reading his book. Something clicked.
by finite_difference
Wed Aug 22, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10370

Re: I own 1,387 items!

Why not try to cut down to 1,000? Seems like a nice round number that should let you simplify without going too overboard!
by finite_difference
Wed Aug 22, 2018 2:18 pm
Forum: Investing - Theory, News & General
Topic: "75 Must Know Statistics About Long-Term Care: 2018 Edition"
Replies: 52
Views: 5432

Re: "75 Must Know Statistics About Long-Term Care: 2018 Edition"

None of those numbers were particularly scary. I don't bother with insurance because I have sufficient assets to cover most scenarios. For a single person, there are some aspects that work in your favor. If you go into long-term full care (nursing home) then most of your other expenses basically st...
by finite_difference
Tue Aug 21, 2018 6:39 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14699

Re: As an American, where are some great places in the world to retire?

Tallinn, Estonia: Much to do, friendly people, stable government, very low cost of living yet modern everything. Beautiful city. Hobart, Australia: On the island of Tasmania. Laid back lifestyle, much cheaper cost of living than Sydney, interesting history, interesting critters and scenery, beautif...
by finite_difference
Tue Aug 21, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14699

Re: As an American, where are some great places in the world to retire?

Puerto Rico
Spain
Portugal
Greece
Croatia
Vietnam
China
Mexico
Jamaica
Chile

Not inexpensive places:
French countryside
UK countryside
Hawaii
Colorado
Alaska
Montreal, Canada
by finite_difference
Mon Aug 20, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: New 2018 Honda Odyssey Problem - Need Advice
Replies: 50
Views: 16591

Re: New 2018 Honda Odyssey Problem - Need Advice

Maybe a long shot, but make sure there aren't some sort of fumes getting into the cockpit and causing nausea. You're probably driving around this time of year with all the windows up, but maybe you'll have an opportunity to crack the windows to allow fresh air into the cockpit and see what happens ...
by finite_difference
Mon Aug 20, 2018 6:09 pm
Forum: Personal Consumer Issues
Topic: New 2018 Honda Odyssey Problem - Need Advice
Replies: 50
Views: 16591

Re: New 2018 Honda Odyssey Problem - Need Advice

I am so glad I found this blog mainly because now I know for sure that I am not imagining things. I drove a 2008 Odyssey for more than 5 years and last month went and got a a brand new 2019 Odyssey as I wanted to upgrade and it was a no-brainer (like someone already said) .. The new one is great wi...
by finite_difference
Thu Aug 02, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4858

Re: Which diet soda pop do you enjoy?

For very credible health reasons, I have stopped drinking any kind of soda/pop - whether with sugar or artificial sweeteners. On some occasions, I do have sparking water - such as Perrier or store brands. It's only took 7 replies for the self righteous to ignore the OP and talk about why they don't...
by finite_difference
Wed Jul 25, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2207

Re: How much car can I buy?

Really? The guy is 40 with $3+ million dollars in assets and you’re all suggesting he buys a 5-7 year old used Mercedes that will break almost instantly or a used Subaru Legacy? OP, my first question is, how did you acquire $3+ million? I’m assuming either inheritence or some sort of stock windfall...
by finite_difference
Sun Jul 22, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: What have been your experiences in purchasing a plot of land to build a someday home?
Replies: 17
Views: 1937

Re: What have been your experiences in purchasing a plot of land to build a someday home?

Personally, I’d invest the money into VTSAX until I was ready to buy and build the house. I don’t think there’s going to be a land shortage anytime soon.
by finite_difference
Sat Jul 21, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Hedge Funds Still Trailing
Replies: 8
Views: 846

Re: Larry Swedroe: Hedge Funds Still Trailing

nedsaid wrote:
Sat Jul 21, 2018 8:03 pm
Well, Hedge Funds don't correlate with the US Stock Market. Probably the number one rationale for owning them. Money under my mattress also doesn't correlate with the market. There needs to be a better reason for owning them.
It’ll be interesting to see how they weather the next big crash.
by finite_difference
Thu Jul 19, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage
Replies: 12
Views: 629

Re: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage

spammagnet wrote:
Thu Jul 19, 2018 10:20 pm
What happens if your step-daughter suffers a disabling injury?
Disability insurance? Bank of Mom and Dad can also be forgiving in emergency situations.