Search found 249 matches

by jrbdmb
Tue Jun 19, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card interest for lawnmower
Replies: 15
Views: 766

Re: 0% credit card interest for lawnmower

Chase Ink Business Unlimited - $500 signup bonus which you will earn after $3000 purchase and 0% APY for 12 months. $0 annual fee. Card earns 1.5% for all purchases. Chase Ink Business Cash - $500 signup bonus which you will earn after $3000 purchase and 0% APY for 12 months. $0 annual fee. Card ea...
by jrbdmb
Tue Jun 19, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 16183

Re: Should I take possession of a certified mail?

uberdoc wrote:
Thu Jun 14, 2018 9:28 pm
I will caution against opening the letter. Only bad outcomes come out of these things.
I say the same thing to myself every time I see a bill in the mail. Perhaps I should just start to refuse all my bills so i won't have to pay them anymore. :mrgreen:
by jrbdmb
Mon Jun 18, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15586

Re: Top Shelf Liquor Overrated?

Someone gave me a bottle of something supposedly fancy yet was a horrible liquid called Lophraig. I think it was whiskey. Tasted like cough syrup. Exactly like cough syrup. A friend noticed it on my shelf and commented it was good stuff. I told him he would be doing me a favor to take it home with ...
by jrbdmb
Mon Jun 18, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15586

Re: Top Shelf Liquor Overrated?

I don't think it's overrated. I really don't drink that much these days, but when I do drink vodka, Tito's is what I prefer. I am not a scotch drinker because I can't even get the stuff down, but my brother-in-law gave me a glass of Johnny Walker Blue and it was smooth and I was able to drink it. S...
by jrbdmb
Mon Jun 18, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 6532

Re: What does it mean: Rule No. 1: Never lose money

i have always interpreted the rule to emphasize that the goal of investing is to survive. the value investor's goal is to make money in the long term through compounding of good investments. to do that, you have to actually be around for the long term. it sounds silly, but it isn't. too many fund m...
by jrbdmb
Thu Jun 14, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 186
Views: 15586

Re: Top Shelf Liquor Overrated?

Laphroigh is very much an acquired taste. Hated my first sip but ended up living it. I prefer Lagavulin 16 over it by a bit but it’s a lot pricier. Ardbeg is very similar and tastes wonderful. Current favorite is Carol Illa. Also from Islay and great tasting (surprised only one person mentioned it)...
by jrbdmb
Thu May 17, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3720

Re: Road trip Newark NJ to Albany

But if your goal is to get to Albany, probably easier to fly into Newark and take the Garden State Parkway north than to deal with LaGuardia and NYC traffic. If you aren't in a rush to get to Albany, I always found route 9 (east side of the Hudson River) was a nice scenic drive, esp. the parts that ...
by jrbdmb
Tue May 15, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10794

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

Come now, gang..I just saw an ad for Brighthouse Annuities on TV last night that promised "all of the market upside with NONE of the downside risk!". So, surely, the purple unicorn investment that the OP is talking about must indeed exist. </sarc off> Since Dave Ramsey constantly touts 12% annual r...
by jrbdmb
Tue May 15, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 465
Views: 94124

Re: Bank of America/Merrill Edge - Preferred Rewards

What I'm curious about is if her new ME IRA balance would be combined with my existing accounts (IRA and taxable) for Preferred Rewards purposes. If they are kept separate then moving her IRA to ME doesn't make much sense. Feedback appreciated from anyone who has ME accounts in their name and their...
by jrbdmb
Thu May 03, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 3298

Re: Swollen Emergency Fund....What now?

I-bonds or directly held, short term municipal bonds from your local area would be a good place to start. Buying individual muni bonds can be much riskier than the OP may want to go, and liquidity may be an issue if a sudden need arises. A short or intermediate muni fund from Vanguard offers divers...
by jrbdmb
Wed Apr 04, 2018 10:29 pm
Forum: Investing - Theory, News & General
Topic: State Muni Funds
Replies: 10
Views: 1268

Re: State Muni Funds

There has to be demand and there has to be bonds. But you'd also WANT diversification. The national intermediate muni fund has over 7500 bonds, just for perspective. The CA intermediate muni fund has nearly 3500 bonds. On the other hand, the OH, MA, and NJ long-term muni funds have about 500 bonds ...
by jrbdmb
Fri Mar 23, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need Turbotax premier?
Replies: 48
Views: 11379

Re: Do I really need Turbotax premier?

If you're going the download/CD route, watch for sales. I got H&R Block Premium + State download for $27 earlier this week. I don't think it includes state E-file... but I owe state taxes, so I'm more than happy to snail mail that. I'm really happy about finally breaking the cycle of paying TurboTa...
by jrbdmb
Tue Mar 20, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 13329

Re: Need advice re: Liberal Arts Colleges...

Another problem with the high tech industry is that a person's career may have a limited lifespan. A quote from Mark Zuckerburg who is explaining that there are not enough talented engineers: “I want to stress the importance of being young and technical. Young people are just smarter. Young people ...
by jrbdmb
Tue Mar 20, 2018 10:00 am
Forum: Investing - Theory, News & General
Topic: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day
Replies: 42
Views: 5031

Re: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day

Facebook is way overvalued, and users are leaving in droves. Expect that it drops more. If they're leaving, where are they going for social media? They don't necessarily have to go anywhere. I've found that the days I use social media like Facebook are not appreciably better than the days i don't u...
by jrbdmb
Fri Mar 16, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3753

Re: Modest stereo system

Why not just keep your old system and plug an old phone or tablet into the AUX jack for your digital stuff? This. Unfortunately their products have been discontinued, but I have a Squeezebox Touch that streams music wirelessly to my legacy stereo system - I'm sure here are other products there to d...
by jrbdmb
Tue Feb 27, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 521156

Re: What's Your Credit Card Rewards Strategy?

Madbrain - thanks for a pretty comprehensive list of rewards cards. I've considered many of the same cards that you have, but for now my strategy is towards maximizing spend rewards instead of sign-up bonuses. Once I get the last "everyday" card I want - BoA Premium Rewards - I will start to take ad...
by jrbdmb
Mon Feb 26, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 107
Views: 5254

Re: Thoughts on Credit Cards??

Ged wrote:
Mon Feb 26, 2018 2:11 pm
Dangerous stuff.

I would suggest that if you are going to use these instruments of personal finance destruction you have an automatic savings plan where there is a monthly deduction from your paycheck that goes into separate accounts including a 401K or IRA.
Dave Ramsey, is that you? :o
by jrbdmb
Mon Feb 26, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 107
Views: 5254

Re: Thoughts on Credit Cards??

I spent some time recently researching cotton drawstring shorts. I wear those around the house when I don't go to work, and as I'm not going to work at all I'm wearing them every day. So I need some more. My research has me leaning to Hanes shorts. The best price I can find is Amazon, where even th...
by jrbdmb
Fri Feb 23, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Florida in the summer
Replies: 113
Views: 11839

Re: Florida in the summer

Climate differs inland v coast. Another plus: lower latitude = more hours of sunlight. Compare sunset times for NYC and West Palm sometime, interesting. Today, 4:56 pm v 5:51 pm. Travel a little in the hot months. On average sunrises / sunsets will always be later in Florida because it is quite a b...
by jrbdmb
Thu Feb 22, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 10129

Re: <gulp> Expensive mistake

What is the TSP and F fund? Non-intuitive acronyms are ubiquitous on this forum. While that's often true, I don't think this is a good example. TSP and F fund are only slightly less commonly known than 401k and TBM, which I think are fair game. Sorry, but I have to disagree with this part. I have b...
by jrbdmb
Thu Feb 22, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Boglehead Flashlight?
Replies: 65
Views: 5568

Re: Boglehead Flashlight?

IMHO you don't have to buy a "beast" of a flashlight powered by 4 D batteries anymore. I have several LED flashlights that use 3 to 4 AA batteries that put out all the light that I need and are very solid but moderate weight. I don't have a specific brand to recommend, just look for a Cree LED, pref...
by jrbdmb
Tue Feb 20, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: For munis: state specific or non-state specific funds best?
Replies: 14
Views: 1578

Re: For munis: state specific or non-state specific funds best?

It also depends on the credit rating of your state. I live in New Jersey, which has slid from a AA rating in 2010 to a A- rating in 2017. I am willing to pay extra state income tax to avoid the potential financial abyss NJ appears to be headed towards. Likewise, I would never consider an Illinois (B...
by jrbdmb
Tue Feb 20, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: J. Montier: US equity market is obscenely overvalued
Replies: 33
Views: 3620

Re: J. Montier: US equity market is obscenely overvalued

Based on this ZeroHedge article from summer 2015: "This is definitely the most difficult time to be an asset allocator," warns GMO's James Montier, telling conference attendees in Munich that he hasn't been this risk-averse since 2008. Having warned six months ago that "stocks are hideously expensiv...
by jrbdmb
Wed Feb 14, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

Cheers to those who held... shots for those that bought more! What about those of us who wanted to buy more, but hadn't kept any dry powder aside to do so. :) If you sold your bond funds on the RBDs (2/5 and 2/8) to buy equities, then you would have avoided losses in your bond funds almost equal to...
by jrbdmb
Wed Feb 14, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2739

Re: rmd disaster

Given this plan's potential restrictions and rules, I suggest doing a direct rollover (avoids withholding) to an IRA account. You can open an IRA at most large firms and they will assist with the rollover process from this plan. However, the plan MUST distribute your 2018 RMD to you before rolling ...
by jrbdmb
Tue Feb 13, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12739

Re: Did you learn anything from the market correction?

Just to change the course of this thread for one post, what didn't I learn? Well, I know that I'm generally OK with the ups and downs of the market, but since I didn't hit any of my rebalancing bands I didn't learn if I have the stomach to rebalance into the teeth of a significant decline. That exam...
by jrbdmb
Tue Feb 13, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 12739

Re: Did you learn anything from the market correction?

Did you learn anything from the market correction? The main thing I learned is that I have no idea whether we just experienced a market correction or the beginning of a severe bear market. Not clear yet if I will get away with a hard tap on the shoulder or if the market is still going to punch me i...
by jrbdmb
Thu Feb 08, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

The market is over valued even today. A BH should aware of this and be value oriented. This is not market timing. https://www.cnbc.com/2018/01/23/markets-could-suddenly-turn-and-they-dont-even-need-a-trigger-nobel-winning-economist-shiller-says.html Are you sure value orientation is BH philosophy? ...
by jrbdmb
Thu Feb 08, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

Ah those closing minutes were entertaining to watch! Oh Dow, just a few more points to get from around down 880 to a round 900. You can do it Dow! Oh wait, you managed to pass -1000 - way to over achieve! Ah nothing like a "Dow loses 1000 points" for a financial journalist. Love those round but poi...
by jrbdmb
Thu Feb 08, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06 Title "XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money" "The VelocityShares Daily Inverse VIX Short Term ETN XIV, -92.64% was created to give traders an opp...
by jrbdmb
Mon Feb 05, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

mister_sparkle wrote:
Mon Feb 05, 2018 3:09 pm
1100. :shock:

edit: Make that 1550
Wondering what happened to cause the DOW to drop from 24776 at 3:02 PM to 23999 at 3:11 PM, and then recovered almost of it back by 3:17 PM. Even for a wacky market that seems kinda wacky ... :shock:
by jrbdmb
Fri Feb 02, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

buddy who works on Wall Street ... He says his entire office is laughing at this “sell off” and buying as much as possible “We’re still up for 2018 and people are freaking out over interest rates - which we knew were going up. It’s insane.” Stay the course - or buy more. Happy Friday How long has y...
by jrbdmb
Fri Feb 02, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

Could the explanation be as simple as rising bond rates make stocks relatively less attractive?
by jrbdmb
Fri Feb 02, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Anyone else cashing out on *some* of the crazy earnings?
Replies: 74
Views: 8837

Re: Anyone else cashing out on *some* of the crazy earnings?

If by "cashing in" you mean rebalancing when my AA got out of my tolerance bands, then yes. Otherwise no. This. I'm surprised that it took somebody this long to mention AA on a Bogleheads thread. :happy Assuming the OP is talking about a taxable account, he still should have an IPS that includes a ...
by jrbdmb
Fri Feb 02, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: treaure yield up, dollar down, QE shrink, Dow all time high, what's ahead of US
Replies: 4
Views: 704

Re: treaure yield up, dollar down, QE shrink, Dow all time high, what's ahead of US

Unless you are in a state like the US market this week where *both* bonds and equities are taking a beating. Then what, retreat to cash?
by jrbdmb
Thu Feb 01, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 465
Views: 94124

Re: Bank of America/Merrill Edge - Preferred Rewards

Due to the new (up to) $900 bonus for opening a new IRA at Merrill Edge, I am considering moving one or both of my wife's two IRAs from Vanguard to ME. What I'm curious about is if her new ME IRA balance would be combined with my existing accounts (IRA and taxable) for Preferred Rewards purposes. If...
by jrbdmb
Wed Jan 31, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: New car - how much can we afford?
Replies: 78
Views: 6367

Re: New car - how much can we afford?

I know..standard thread that appears every other day on the board, today is my turn. Me: 29 Girlfriend: 30 We are expecting a baby end of the year and we need a bigger car. Initial thinking is to buy a second- hand car, max 30k miles. How much car can we afford? -Our take home pay is 140k/year. -We...
by jrbdmb
Tue Jan 30, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

I hope this is the beginning of a multi-year 50% decline. The problem with a 50% decline is it causes so many secondary effects - job losses, housing depreciation, etc. It is much harder to stick with your IPS or buy stocks "on the dip" if you become unemployed or underemployed, your home is sudden...
by jrbdmb
Tue Jan 30, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

dharma student wrote:
Tue Jan 30, 2018 1:07 pm
Great sale....for those of us still in the accumulation phase.... :happy
Pffft. S&P 500 is around 2% off it's record high set on Friday. I don't roll out of bed for a 2% sale. :happy

Once we get to a 10% correction or more, *then* it's a sale.
by jrbdmb
Tue Jan 30, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435996

Re: U.S. stocks in freefall

Doom&Gloom wrote:
Tue Jan 16, 2018 4:20 pm
Bulls can make money. Bears can make money. Pigs get slaughtered.
I've seen this quote multiple times, but I'm not sure how this applies to investing. Exactly how does one "piggishly" invest?
by jrbdmb
Sat Jan 27, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Quit jobs to gain lower EFC [Expected Family Contribution]
Replies: 111
Views: 9606

Re: Quit jobs to gain lower EFC [Expected Family Contribution]

My sister-in-law had/has three kids going to U Penn, Amherst and Northwestern. Roughly $65k per year x 12 years for full cost (less per year 5 years ago, more when the last is done in a few years). She and her husband were each making about $85k. I advised her, based on PSAT test scores and grades ...
by jrbdmb
Fri Jan 26, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Amica Increase
Replies: 59
Views: 6231

Re: Amica Increase

It seems the only real adice that applies for everybody is "shop around every few years." In my case I had NJM auto insurance for a number of years, zero at-fault accidents or tickets. But when my son started driving our rates went up about 250%. :oops: Amica's rates were not any better than NJM, bu...
by jrbdmb
Fri Jan 26, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4318

Re: Did I just commit market timing with "dry powder"?

Unless you are already invested 100% in stocks, could your bond allocation be considered "dry powder?"

And is a market timer "using my dry powder to buy stocks on a dip" really that much different than a Boglehead "rebalancing from bonds to stocks per my IPS?" 8-)
by jrbdmb
Fri Jan 26, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4318

Re: Did I just commit market timing with "dry powder"?

If 100% stocks had the best returns, everyone would do 100% stocks. Yes 100% stocks can have the most gains during good markets, but they have the biggest drops when there is a crash. A 100% stock portfolio that has a 50% drop in value, must have a gain of 100% to get back to where it started. A 50...
by jrbdmb
Fri Jan 26, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4318

Re: Did I just commit market timing with "dry powder"?

^ Nicely put! I just want to add that 100% stock have better return than 80/20. Is it more risky? Yes. Is it uncompensated risk? Well, it's not as linear per efficient frontier graph, but you'll get extra return. How valuable is the extra return? Let's say 80/20 gives you 7% return. 100/0 gives you...
by jrbdmb
Thu Jan 25, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Any thoughts on Wealthfront for IRA?
Replies: 6
Views: 680

Re: Any thoughts on Wealthfront for IRA?

Another option is Merrill Edge - all Vanguard ETFs available and 30 free trades a month if you have a $50,000 and qualify for BoA Platinum Rewards.

If you prefer "set it and forget it" investing you can consider a Vanguard Target Retirement Fund.
by jrbdmb
Thu Jan 25, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just commit market timing with "dry powder"?
Replies: 46
Views: 4318

Re: Did I just commit market timing with "dry powder"?

^ Nicely put! I just want to add that 100% stock have better return than 80/20. Is it more risky? Yes. Is it uncompensated risk? Well, it's not as linear per efficient frontier graph, but you'll get extra return. How valuable is the extra return? Let's say 80/20 gives you 7% return. 100/0 gives you...
by jrbdmb
Thu Jan 25, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 20313

Re: My boneheaded financial mistakes

1. First job, first attempt at a 401K, changed employers and cashed the 401K out for a down payment on a townhouse instead of rolling it over. 2. Not investing more than the company match in my next 401K for a *long* time. 3. Another change in jobs, cashed out my existing 401K (couldn't roll over in...
by jrbdmb
Wed Jan 24, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Employer Being "Bought Out" By Another Company
Replies: 20
Views: 2532

Re: Employer Being "Bought Out" By Another Company

Yes. Three times (!) in fact without ever having to change jobs! My first employer out of college turned out to be a mistake - after 18 months I realized I wasn't happy with the jobs or the locale. So I left to go to a company that was known for "lifetime employment" - at least at that time they wer...
by jrbdmb
Fri Jan 19, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 32
Views: 2615

Re: Need to buy new printer. Suggestions for best value?

My family *does* occasionally need to print color photos and/or color documents. So we have a black and white laser printer (currently a Canon all-in-one, though I considered a Brother as well) and a nice Canon inkjet in the basement for those occasional color prints. So far I have not had issues wi...