Search found 628 matches

by boglerdude
Wed Oct 17, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Relocation to California
Replies: 49
Views: 4128

Re: Relocation to California

A couple folks in here sound pretty high strung. You know, marijuana is legal in LA now :)

If SoCal could implement congestion pricing (bidding for spots in the fast lane) GDP for the region would double.
by boglerdude
Mon Oct 15, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: High APY Checking
Replies: 10
Views: 1032

Re: High APY Checking

Consumers Credit Union 4.59% APY On Up To $20k. Hoops to jump through.

https://www.doctorofcredit.com/consumer ... -checking/
by boglerdude
Mon Oct 15, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Has the US bull become addicted to corporate buybacks?
Replies: 16
Views: 1532

Re: Has the US bull become addicted to corporate buybacks?

Do buybacks put a floor on the share price? With the company always there to buy at X price
by boglerdude
Wed Oct 10, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mold on inspection, need advice
Replies: 30
Views: 2238

Re: Mold on inspection, need advice

Mold is everywhere and not toxic. Since its not your money, go ahead and have the seller pay a "mold company" to clean it
by boglerdude
Wed Oct 10, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 119
Views: 8446

Re: Barron's Making the Case for Gold

Arent we supposed to market cap weight? So where's gold and commodities in the global portfolio https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fphildemuth%2Ffiles%2F2014%2F07%2Fglobal-market-portfolio.jpg https://www.forbes.com/sites/phildemuth/2014/07/30/meet-the-gl...
by boglerdude
Tue Oct 02, 2018 3:23 am
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6112

Re: Economic reasons for rate increase by the Fed?

Why is deflation a problem for Japan, they appear to have excellent quality of life
by boglerdude
Sat Sep 29, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6112

Re: Economic reasons for rate increase by the Fed?

What (real-world consequences) would happen if they stopped paying IOER? It looks like free money for the banks, so why not stop paying it
by boglerdude
Fri Sep 28, 2018 4:25 am
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6112

Re: Economic reasons for rate increase by the Fed?

We could have full employment by paying folks to dig holes and fill them back up, so how and why is the Fed trying to change the employment rate
by boglerdude
Thu Sep 27, 2018 2:08 am
Forum: Investing - Help with Personal Investments
Topic: LLC Benefits for Investment
Replies: 1
Views: 330

Re: LLC Benefits for Investment

LLC is for when your business partner(s) screw up, only the business assets get taken, not your personal assets. If there are no business partners, you're protected by your insurance.
by boglerdude
Thu Sep 27, 2018 1:41 am
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6112

Re: Economic reasons for rate increase by the Fed?

The Fed changes the money supply and that causes the banks to change rates. They dont like to phrase it that way because it's illegal (for you) to print money.

These days they pay the banks interest on reserves instead. Is this a subsidy?
by boglerdude
Mon Sep 24, 2018 7:59 am
Forum: Investing - Theory, News & General
Topic: Corporate debt bubble?
Replies: 20
Views: 2547

Re: Corporate debt bubble?

> Since at least 1971, debt is money. As the economy grows, it is necessary that debt grows to support it But some debt will never be repaid, so it's misleading to call it debt? eg, if I lend the gov 30k, they'll eventually have to give it back. If the Fed loans the gov 30k, they can loan it/roll it...
by boglerdude
Sun Sep 23, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: Corporate debt bubble?
Replies: 20
Views: 2547

Re: Corporate debt bubble?

> Govt "net debt" has increased from around 30% GDP to about 80% GDP

What does this mean and what are the consequences
by boglerdude
Thu Sep 20, 2018 12:27 am
Forum: Investing - Theory, News & General
Topic: Corporate debt bubble?
Replies: 20
Views: 2547

Re: Corporate debt bubble?

Did bondholders get bailed out in ~2008 ?

Who ate most of the losses from the crisis
by boglerdude
Tue Sep 18, 2018 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Cheap Flights
Replies: 23
Views: 2306

Re: Cheap Flights

Raymond wrote:
Mon Sep 17, 2018 2:22 pm
My personal preference is to fly on Southwest Airlines whenever possible.
Why
by boglerdude
Sat Sep 15, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance - Price vs. Quality
Replies: 21
Views: 1649

Re: Homeowner's Insurance - Price vs. Quality

"Amica auto dividend policies are not available in CA, FL, HI, MA, MO, NC, NJ and TX.
Amica home dividend policies are not available in CA, FL, MO and NC."

Recent thread with good posts on insurance: viewtopic.php?t=251023
by boglerdude
Tue Sep 11, 2018 2:33 am
Forum: Investing - Theory, News & General
Topic: Commodities have never been cheaper - time to buy?
Replies: 46
Views: 5137

Re: Commodities have never been cheaper - time to buy?

Investment banks warehoused/hoarded commodities, can they do that again?

https://foreignpolicy.com/2011/04/27/ho ... od-crisis/
by boglerdude
Mon Sep 10, 2018 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Mold in house and insurance won't cover - options?
Replies: 29
Views: 3829

Re: Mold in house and insurance won't cover - options?

Its all BS but at this point just shell out a little more for their certificates that the place is clear
by boglerdude
Mon Sep 10, 2018 1:15 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 11144

Re: Umbrella Policy: Right amount for $7 mil net worth?

> How can the legal system find the owner at fault when the accident did not happen due to negligence or fault of the owner? You're right. Folks who sell insurance downplay the fact that foreseeable negligence is required for liability. But rather than go to trial and have the jury hear "someone at ...
by boglerdude
Sat Sep 08, 2018 11:58 pm
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1295

Re: Getting Top Dollar for Selling our Condo

Let the buyer upgrade what they want

Maybe get the CLUE report for the place, some insurers will not cover a place that has had water claims
by boglerdude
Thu Sep 06, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2607

Re: Rent Increase or Not?

+1. Want the tenants feeling like they're getting a good deal.
by boglerdude
Wed Sep 05, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29924

Re: Do you have an umbrella policy?

Even 20M might not be enough if a witness says they saw you texting and a jury likes them. Get dash cams.

The most recent umbrella thread: viewtopic.php?p=4101190
by boglerdude
Sun Sep 02, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29924

Re: Umbrella insurance..who has it? Is it recommended?

500 people/year are struck by lightning in the US, but we dont worry about that. We're still searching for an example where a 1M settlement was rejected and then the jury issued a larger judgement, against an individual who was driving responsibly, like a Boglehead would (ie not texting or DUI) If y...
by boglerdude
Sun Sep 02, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29924

Re: Umbrella insurance..who has it? Is it recommended?

> the lawyers who post on here have not had anything to say on the topic

Each of them has said that all cases settle for policy limits, even very low limits. 1M umbrella is enough.

Recent discussion of how much umbrella to buy:
viewtopic.php?t=252692
by boglerdude
Fri Aug 31, 2018 12:43 am
Forum: Personal Consumer Issues
Topic: Let a property management company to manage your house?
Replies: 10
Views: 1637

Re: Let a property management company to manage your house?

In Socal its ~50% first month's rent to find a tenant, then ~10%/month Even a great property manager will make every effort to not visit your property. Unless emergency, even then ~$50/hour "Eviction insurance" was offered by Aon, but they dropped it. (Lost them money?) It's back from a different co...
by boglerdude
Thu Aug 30, 2018 2:26 am
Forum: Personal Finance (Not Investing)
Topic: Recovering Property Manager Fees as part of insurance claim
Replies: 7
Views: 731

Re: Recovering Property Manager Fees as part of insurance claim

Coverage D loss of use, not coverage A dwelling? If you submit a claim and your insurance pays out, then goes after the at-fault party, is that a black eye on your CLUE? Do you get your deductible back only if your insurance can collect? OP, your HOA might be able to pressure the at-fault insurer. O...
by boglerdude
Thu Aug 30, 2018 1:52 am
Forum: Personal Consumer Issues
Topic: Homeowners insurance - purchase online
Replies: 17
Views: 1323

Re: Homeowners insurance - purchase online

It should be a law that you can login to your insurance and compare the cost of different deductibles etc. State Farm and Geico have good portals. Geico is usually cheapest, while Chubb, USAA, and Amica have the best reputation. (eg not fighting you, using OEM parts, offering higher limits on sewer ...
by boglerdude
Wed Aug 29, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Protecting myself against suit for Personal Injury
Replies: 19
Views: 2642

Re: Protecting myself against suit for Personal Injury

Get your dash cams and umbrella policies, folks
djpeteski wrote:
Tue Aug 28, 2018 11:53 am
It is my experience, with State Farm, that you will have to sue them in order to be provided coverage
well...what happened?
by boglerdude
Mon Aug 27, 2018 1:14 am
Forum: Personal Finance (Not Investing)
Topic: LLC for one rental property?
Replies: 28
Views: 2338

Re: LLC for one rental property?

Everything has to be in the LLC name including the mortgage and a commercial umbrella

Ask your lawyer for the real examples of a single-unit LLC saving a landlord. And let us know...
by boglerdude
Wed Aug 22, 2018 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 68
Views: 12343

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

Sweden has 100 year mortgages. Can someone explain why this good? Because it is good, quality of life in Sweden is high.
by boglerdude
Wed Aug 22, 2018 4:04 am
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9636

Re: Landlord Nightmare

Get out of the biz if this is a "nightmare"
eye.surgeon wrote:
Tue Aug 21, 2018 11:43 pm
All I'm going to say is my REIT never posts negative reviews on my facebook page.
So frustrating that the threads raving about rentals compared to VTSMX never include the horror stories
by boglerdude
Tue Aug 14, 2018 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7629

Re: Housing affordability - what is your take?

What is causing this steep price rise in CA housing in the major coastal metro areas Trade deficits (US buys stuff, other countries get dollars, they buy US assets) "Easy" jobs get sent to countries where labor is less expensive. The remaining tech jobs are on the west coast Zoning makes building u...
by boglerdude
Mon Aug 13, 2018 12:23 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1931

Re: Uninsured Motorist coverage

If I buy uninsured motorist, is there a price sheet that says how much they'll compensate for different injuries? Beyond what my health and disability insurance would pay. eg a lost leg is worth $X ?
by boglerdude
Fri Aug 10, 2018 12:37 am
Forum: Personal Consumer Issues
Topic: Looking for a CPA in LA
Replies: 4
Views: 392

Re: Looking for a CPA in LA

Welcome to the forum

What makes your tax situation too complex for DIY/Turbotax. ie if theres rental property, the biggerpockets forum might help.

Also, try making a thread on your local Nextdoor.com
by boglerdude
Fri Aug 10, 2018 12:32 am
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1931

Re: Uninsured Motorist coverage

If youre worried about permanent disability, wouldnt disability insurance be better, since it would cover injury from any cause and you wouldnt have to risk a trial against the uninsured driver? Your own insurance co might argue in defense of the uninsured driver. https://bancorpinsurance.com/why-di...
by boglerdude
Thu Aug 09, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Moving to LA - Tips Wanted
Replies: 26
Views: 2158

Re: Moving to LA - Tips Wanted

Rail map https://media.timeout.com/images/103334943/image.jpg Subreddit https://old.reddit.com/r/LosAngeles/ Side streets wont save you from traffic. South Pasadena is a safe bet. Their cops pulled me over the other night :wink: The area around downtown is gentrifying, but I dont know about the scho...
by boglerdude
Wed Aug 08, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Better investments than the stock market?
Replies: 13
Views: 2367

Re: Better investments than the stock market?

Education
Starting a business (eg rental property)
by boglerdude
Sat Aug 04, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg commodities index still in contango
Replies: 88
Views: 8107

Re: Bloomberg commodities index still in contango

DBC is actively managed, they adjust for contango?

http://www.etf.com/DBC
by boglerdude
Sat Aug 04, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Auto Liability/Umbrella Insurance Question
Replies: 22
Views: 1270

Re: Auto Liability/Umbrella Insurance Question

Get the required underlying (usually 300k) and 1M umbrella. To protect you and also to fund the victim's rehab. Cases always settle because its hard to convince a jury there was foreseeable negligence. eg texting Dash cams and driving less aren't bad ideas either. Previous discussion: https://www.bo...
by boglerdude
Fri Aug 03, 2018 11:32 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 99
Views: 15473

Re: If everybody indexed, the only word you could use is chaos, catastrophe

Is it that difficult to value companies? Does it matter if the valuations are off?

A better question might be, are indexers more likely to panic sell
by boglerdude
Fri Aug 03, 2018 1:24 am
Forum: Investing - Theory, News & General
Topic: Good biotech funds
Replies: 22
Views: 1777

Re: Good biotech funds

IBB is the largest and oldest. Why did biotech go nuts around 2012? http://quotes.morningstar.com/chart/etf/chart.action?t=IBB®ion=usa&culture=en_US&dataParams=%7B%22zoomKey%22%3A10%2C%22version%22%3A%22US%22%2C%22showNav%22%3Afalse%2C%22mainSettingId%22%3A%22main%22%2C%22navSettingId%22%3A%22nav...
by boglerdude
Fri Jul 27, 2018 2:52 am
Forum: Investing - Theory, News & General
Topic: Any reason to hold junk bond fund?
Replies: 50
Views: 4710

Re: Any reason to hold junk bond fund?

> In a bear market the fund holders might take losses as the managers try to liquidate illiquid issues. If I buy a bond fund, its like I own a basket of bonds. In a market panic, the value of the bonds will go down, but I can just wait for the panic to end and get all my value back. With ETFs, will...
by boglerdude
Thu Jul 26, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Any reason to hold junk bond fund?
Replies: 50
Views: 4710

Re: Any reason to hold junk bond fund?

> In a bear market the fund holders might take losses as the managers try to liquidate illiquid issues. If I buy a bond fund, its like I own a basket of bonds. In a market panic, the value of the bonds will go down, but I can just wait for the panic to end and get all my value back. With ETFs, will ...
by boglerdude
Tue Jul 24, 2018 4:42 am
Forum: Personal Consumer Issues
Topic: Auto Insurance Deductibles
Replies: 12
Views: 1075

Re: Auto Insurance Deductibles

Insurance website should let you play with the numbers.

Insurance companies profit by winning the bet against you. Only insure for losses you cannot afford.

Some folks hold onto collision so they dont have to pursue the other driver, when the other driver's at fault.
by boglerdude
Thu Jul 19, 2018 3:06 am
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17243

Re: Direct Real Estate Returns

Why are rents so high in LCOL areas? > Is there any way to measure risk-adjusted return? Landlording is more about your personality than math. ie not minding confrontation, and being a busybody (high energy and detail oriented). Edit: heres an example from today: "head over to the property to meet y...
by boglerdude
Thu Jul 19, 2018 2:39 am
Forum: Personal Consumer Issues
Topic: Auto Insurance, best way to compare
Replies: 13
Views: 1341

Re: Auto Insurance, best way to compare

Aren't any shortcuts, you have to contact every insurer and an independent agent if you want the cheapest policy. Or simply go with Amica, Chubb, or USAA. They have the best reputation on this board, among the national carriers.
by boglerdude
Sun Jul 15, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Questioning insurance valuation for homeowners
Replies: 24
Views: 1452

Re: Questioning insurance valuation for homeowners

Get a Replacement Cost Appraisal Report