Search found 293 matches

by jrbdmb
Fri Feb 15, 2019 10:01 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 7245

Re: Did you get spooked by the December 2018 fall and gave up on passive?

The December plunge was brutal and to rub salt on injury, lots of experts said cash is an asset class that will now compete with equities. So now that the markets have reverted back to their early December 2018 levels, are you feeling like getting into cash, or have already gotten into cash? Just w...
by jrbdmb
Fri Feb 08, 2019 9:54 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10622

Re: Money saving move you regret the most?

Nothing huge, but I do regret not getting an EZ-Pass for my vehicle earlier than I did. Note than in my state (NJ) I do not qualify for discounts on any of the roads I drive and the $12 yearly fee annoyed me. I finally got one last year from PA when I had to start using the PA Turnpike - $3 yearly f...
by jrbdmb
Wed Feb 06, 2019 4:33 pm
Forum: Personal Investments
Topic: Don't File Too Early
Replies: 47
Views: 6104

Re: Don't File Too Early

My state return was rejected since some line item didn't match from the federal return. I logged back in to TurboTax and they said a fix is pending this week, check back later. So yes -- perhaps best to not file too early! The significant updates I get almost every time I open TurboTax make me hesi...
by jrbdmb
Wed Feb 06, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: FamilyTreeDNA Admits to Sharing Genetic Data
Replies: 53
Views: 2806

Re: FamilyTreeDNA Admits to Sharing Genetic Data

No, that's why Facebook, Google, Youtube and most of the internet is free. What should I be concerned about? How does this negatively impact my quality of life or wealth? I can't think of any meaningful ways and it's the model the entire internet is based upon. The fact that I see ads targeted towa...
by jrbdmb
Mon Feb 04, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4502

Re: On average, do people who use EJ, etc. come out ahead?

Just think of the life savings saved by EJ advisers/salespeople just telling customers "DO NOT SELL" in 2008-09. That advice was worth a lifetime of fees charged, even if the advice was selfishly motivated to keep customers in high ER mutual funds. The question is whether those EJ advisors really a...
by jrbdmb
Mon Feb 04, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: eBay Item NOt Received - but DELIVERED
Replies: 44
Views: 2592

Re: eBay Item NOt Received - but DELIVERED

I think more often than not eBay will side with the buyer in this situation. So much so that this has created a problem with dishonest "item not received" claims, where even the USPS proof of delivery is not sufficient evidence for eBay to side with the seller. Thankfully I never had this issue, but...
by jrbdmb
Fri Feb 01, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24829

Re: Cost of college and 529

If I had to do it over, I would underestimate. DS will finish college with probably $50K left in the 529. What I didn't account for was that he would have 24 hours of college credit before even leaving high school. Also, middle child went to the local community college which was totally free for th...
by jrbdmb
Thu Jan 31, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24829

Re: Cost of college and 529

I'm curious to hear how others on this forum are estimating future cost of college when it comes to their 529s. From my research: - 4 year cost for elite Private college in 2029 will be ~$500K - 4 year cost for good Public school (out of state) such as a Big Ten school will be ~$300K - 4 year in-st...
by jrbdmb
Wed Jan 30, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of student loan debt
Replies: 13
Views: 1360

Re: Getting out of student loan debt

Your rates are almost all exactly the same. 4.95% and 5.16% are barely any different mathematically. The conventional wisdom is actually to start with the smallest balance and pay those off first, not the highest interest rate. Dave Ramsey popularized this method, but various studies have concluded...
by jrbdmb
Tue Jan 29, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Using your HSA "correctly"
Replies: 13
Views: 906

Re: Using your HSA "correctly"

Question for everyone: assuming you have significant medical expenses now, does it really matter whether you use those pre-tax dollars today or save them for the future? I understand the allure of letting those HSA funds grow tax-free, but if I take those reimbursement checks from my HSA and invest...
by jrbdmb
Tue Jan 29, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Using your HSA "correctly"
Replies: 13
Views: 906

Re: Using your HSA "correctly"

Question for everyone: assuming you have significant medical expenses now, does it really matter whether you use those pre-tax dollars today or save them for the future? I understand the allure of letting those HSA funds grow tax-free, but if I take those reimbursement checks from my HSA and invest ...
by jrbdmb
Tue Jan 29, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Using your HSA "correctly"
Replies: 13
Views: 906

Re: Using your HSA "correctly"

The most important difference with using an HSA is that all contributions (up to specified limits) are either pre-tax if done by your employer, or deductible on your tax return if you contributed yourself. No tax is paid if the HSA balance is used to pay for medical expenses. So in essence by using ...
by jrbdmb
Tue Jan 29, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?
Replies: 14
Views: 1082

Re: Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?

retiringwhen wrote:
Mon Jan 28, 2019 11:28 am
Most hedge funds have incentive fees based upon out-performance against a benchmark. usually they have 2% base fee, plus 20% of the out-performance, but they still get a very hefty portion of the fee regardless.
So when they underperform, do they reimburse you 20% of your losses? :)
by jrbdmb
Mon Jan 14, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 216
Views: 23310

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

For those looking for a new (and different) BoA Cash rewards card beyond MLB, BoA has deals with a large number of universities (mainly through the school's alumni associations). I can't find a list of these anywhere, but a quick google search will let you know if "your" school is available. Ex. htt...
by jrbdmb
Wed Jan 09, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2841

Re: Too many credit cards?

For most of my life I never had a credit card. Despite everyone telling me how having one would increase my credit score and give me "rewards", I just wasn't interested. I thought: "These companies only make money when someone makes a mistake in managing their own finances. I don't want to do busin...
by jrbdmb
Tue Dec 18, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 56
Views: 7448

Re: Recession Coming

https://www.cbsnews.com/news/most-cfos-see-a-u-s-recession-coming-by-2020/ We all claim nobody knows nothing about the markets but when you get stories like the one above, people start to believe it and it becomes as self fulfilling prophecy. Question becomes: Do you deploy your dry powder now to g...
by jrbdmb
Wed Nov 28, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 570
Views: 63972

Re: U.S. stocks continue to soar!

tmcc wrote:
Tue Nov 20, 2018 10:58 am
this is fun. buy and hold tilted for timing will vastly outperform in sideways markets
How exactly do you "tilt for timing?"
by jrbdmb
Thu Oct 18, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 131
Views: 8775

Re: When to change tires; and what brand

Spend some time on tire rack.com. Tires perform differently based on the car. You can search tires that fit your car and read consumer reviews for your exact situation. I’ve done this a number of times with great results. There have been times where I really liked a tires performance on one of our ...
by jrbdmb
Tue Oct 09, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 16139

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

WOW. quite a diverse list. you need to narrow things down a bit. what is important to you? climate? politics? shoveling snow? proximity to wallmart? cost of living? house cost $/sq ft? views? proximity to parks? proximity to relatives/family? Proximity to valley forge? may be some good bargains com...
by jrbdmb
Thu Sep 20, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 8183

Re: Credit card question - get Uber's new 4%er?

I'm not sure if the no AF version of the Uber card is still available - current Uber cardholders were moved to the updated rewards but grandfathered in with no AF (and no $500 bonus either). Not clear if that grandfathering is permanent or if someday they will try to charge us an AF. But that would ...
by jrbdmb
Thu Sep 20, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26203

Re: What is your single most expensive mistake?

My worst financial mistake was moving my 401-K from my old employer to me new employer. Not that there's anything wrong with that decision, but i was out of the market for about three weeks straddling the 2016 Presidential Election, when I was *sure* that of all potential outcomes a market rally was...
by jrbdmb
Thu Sep 20, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26203

Re: What is your single most expensive mistake?

Decided to take out a larger than necessary mortgage so more assets could remain invested, when we purchased our current home. That was 10 years ago. Just before the great market downturn. Which would have turned out fine if you had stayed the course. Or did you sadly compound the issue by pulling ...
by jrbdmb
Fri Sep 14, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 16491

Re: iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it...
by jrbdmb
Fri Sep 14, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 8183

Re: Credit card question - get Uber's new 4%er?

FYI, for everyone who wants a restaurant card and is more interested in churning (high signup bonus) rather than long-term use, Cap One has revised their Savor card to offer a $500 sign up bonus. Also now offers 4% on dining. Free for first year, $95 a year after that. https://www.capitalone.com/cre...
by jrbdmb
Fri Sep 14, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 57
Views: 8183

Re: Credit card question - get Uber's new 4%er?

I applied for this card and was rejected due to an error on my credit report. I've now gotten the credit reporting agency to correct the error and am wondering if I can convince Barclays to give me another look without making me apply all over again. Having said that, I really hated the way Barclay...
by jrbdmb
Wed Aug 29, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: What to put in a care package for college student
Replies: 44
Views: 2802

Re: What to put in a care package for college student

PhilosophyAndrew wrote:
Sun Aug 26, 2018 9:09 pm
My stepdad sent big boxes of homemade chocolate chip cookies — “Andy got another box from Ron” days were happy days in the dorm.

Andy.
This. Of course nothing wrong with $$ or gift cards, but something homemade sounds best, and cookies are relatively easy to ship.
by jrbdmb
Tue Aug 28, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 108705

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

INT'L Investing has been a disaster!

I strongly disagree. Since August 15 my International fund (VXUS) has strongly outperformed my US fund(VTI)! :twisted:

In other words, stay the course.
by jrbdmb
Mon Aug 27, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Boglehead Birthday Gift for 50th B Day - Fine Spirits
Replies: 30
Views: 2433

Re: Boglehead Birthday Gift for 50th B Day - Fine Spirits

For a scotch drinker, I like Lagavulin 16. I think this would be around your price point. Ok, sorry to be rude, but this is exactly the type of gift that has a high potential of backfiring. Lagavulin 16 has distinct notes of iodine and smoke, and only some Scotch drinkers like it. The others hate i...
by jrbdmb
Fri Aug 24, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8110

Re: I still use cash not credit cards should I reconsider?

At the current time I get 5% back on utility bills / cell phone bill / gas, 4% back on restaurants / entertainment, 3.5% back on groceries / travel, and about 2.6% back on everything else. And that does not count the sign up bonuses I got for these cards, which ranged from $100 to $500 each. For me ...
by jrbdmb
Thu Aug 16, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 108705

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

If you prefer the safety of US, that's fine, but your returns will likely be greater if you up your international allocation. The market has already priced in everything you have observed. That's why international has lower valuations than US, and why, therefore, the expected returns of internation...
by jrbdmb
Thu Aug 16, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 108705

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

this thread has reminded me to buy international this week buy low sell high is nice I noticed that my 401K hit it's rebalancing band today, so I just moved some $$$ out of everything else into my 401K's Vanguard international fund. Then I found this link. I guess I'm staying the course. I will say...
by jrbdmb
Fri Aug 10, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8301

Re: Should I tell my family/friend that they are making a financial mistake?

On the other hand, my mom is convinced that many people forever lost their savings in 2008 even if they held their stocks and did not sell. She also thinks mutual funds are safer than stocks. But in general mutual funds *are* safer than stocks, aren't they? (Unless you have at least 500 large cap s...
by jrbdmb
Thu Aug 02, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Portfolio Pain Happens
Replies: 49
Views: 5077

Re: Larry Swedroe: Portfolio Pain Happens

I dunno about “belief systems”. The 3 fund portfolio makes more and more sense to me every time I see a “factor bet” go bad or drags on too long. Agreed. It seems like a growth or value tilt, esp. when justified by "it's under-performed recently, so it's bound to over-perform soon" seems like a sub...
by jrbdmb
Fri Jul 20, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7681

Re: Families - What's your total annual credit card spend?

Just FYI, the US Bank Cash+ credit card recently added a 5% category for utilities, so you can make some money on this too even if there is a small fee to pay these bills with a credit card. (I pay gas / electric with this card; the water bill is usually too low to make this worthwhile). Thanks. Is...
by jrbdmb
Fri Jul 20, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7681

Re: Families - What's your total annual credit card spend?

When we had kids in college, we put their tuitions, expenses and student housing. When we had 2 kids in college, it was VERY high. Honestly, haven’t totaled it then or now. I’m guessing it’s now probably about $100K or so for 2 adults, very high COL area. We also write checks, which aren’t included...
by jrbdmb
Fri Jul 20, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7681

Re: Families - What's your total annual credit card spend?

We average around $3,500 a month so $42k a year. That excludes property taxes, insurance, and basic utilities (water, power, gas). That’s for a family of 5. Just FYI, the US Bank Cash+ credit card recently added a 5% category for utilities, so you can make some money on this too even if there is a ...
by jrbdmb
Fri Jul 13, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10656

Re: When does frugal cross the line to cheapskate?

Based on recent threads ...

If your vacations consist of free stays at resorts in exchange for timeshare pitches,
And dinners out with the spouse consist of investment seminars at local restaurants,
You might be a cheapskate. :happy
by jrbdmb
Fri Jul 13, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 112
Views: 14654

Re: Saving 20% of paycheck isn't enough

You may also consider that a 20% rule of thumb is being used for many who currently save little to nothing for their retirement. 20% may not be adequate in all situations, but it is certainly better than 0%.
by jrbdmb
Thu Jul 05, 2018 12:25 pm
Forum: Personal Investments
Topic: 401k fees...what's "too high?"
Replies: 50
Views: 3859

Re: 401k fees...what's "too high?"

Interesting. Both of my previous and current 401k plans charge a flat admin fee (currently $10/quarter with Vanguard). My wife's 401k is also with Vanguard with a flat fee ($13/quarter). These fees are somewhat made up for by access to Vanguard Institutional funds with lower expense ratios than Inve...
by jrbdmb
Tue Jul 03, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4717

Re: Will I ever be able to itemize?

Everybody here seems to be forgetting that the increase in the standard deduction of $12K is offset by the loss of the personal exemption ($4050 each in 2017). In my case I'm gaining about $10K in deductions, but losing $16K in personal exemptions. I'm not sure if my 3% tax rate cut will cover that,...
by jrbdmb
Tue Jul 03, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 8424

Re: Cheapest way to buy a phone in 2018?

If you are a Costco member, they sometimes have good deals. My wife and I got 2 of the new Samsung Galaxy 9 for $1800 - $900 (B1G1 free) - $300 in Costco Cash Cards - $150 in Verizon Visa card (for bringing a new line for my kids) = $450 for the newest and latest. Agreed. I joined Costco (closest s...
by jrbdmb
Tue Jul 03, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit - General Questions
Replies: 23
Views: 2953

Re: American Opportunity Tax Credit - General Questions

Am I reading this incorrectly? (Note that the 4th line says "for more than four tax years" rather than "for four tax years.") At best, it's not as clear as it could be. The AOTC can only be taken for any one student for a maximum of four years. See IRS pub 970, pages 10 and 11. https://www.irs.gov/...
by jrbdmb
Tue Jul 03, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Cheapest way to buy a phone in 2018?
Replies: 73
Views: 8424

Re: Cheapest way to buy a phone in 2018?

If you are a Costco member, they sometimes have good deals. My wife and I got 2 of the new Samsung Galaxy 9 for $1800 - $900 (B1G1 free) - $300 in Costco Cash Cards - $150 in Verizon Visa card (for bringing a new line for my kids) = $450 for the newest and latest. Agreed. I joined Costco (closest s...
by jrbdmb
Mon Jul 02, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit - General Questions
Replies: 23
Views: 2953

Re: American Opportunity Tax Credit - General Questions

Sounds like she qualifies to me. I see nothing about age or number of years previously attended. I read this is for undergrad's and can be claimed for only 4 years total. To be eligible for AOTC, the student must: Be pursuing a degree or other recognized education credential Be enrolled at least ha...
by jrbdmb
Tue Jun 19, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card interest for lawnmower
Replies: 15
Views: 966

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: 17984

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: 191
Views: 19102

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: 191
Views: 19102

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: 7526

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: 191
Views: 19102

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)...