Search found 200 matches

by jrbdmb
Fri Jan 19, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Need to buy new printer. Suggestions for best value?
Replies: 30
Views: 1886

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...
by jrbdmb
Fri Jan 19, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Spend $900.00 Unused FSA Dollars
Replies: 37
Views: 2098

Re: Help Me Spend $900.00 Unused FSA Dollars

Perhaps those designer sunglasses you've always wanted?

Edit - you might need to purchase these at an eyeglass shop (LensCrafters, Pearle, etc.) to qualify for FSA.
by jrbdmb
Thu Jan 18, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 396
Views: 78464

Re: Bank of America/Merrill Edge - Preferred Rewards

I know about the 10% redemption fee for partial shares...I solve that by not reinvesting dividends..I take my dividends, and rebuy after they post and buying up to the next whole share so that doesn't happen. What's this 10% redemption fee for partial shares? I never heard about this, where can I f...
by jrbdmb
Thu Jan 18, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1080

Re: Rebalancing bands tighter than 5 / 25?

You might also might want to look at: http://www.wsfaonline.com/resources/Opportunistic_Rebalancing_JFP2007_Daryanani.pdf which looks at various rebalancing bands and I believe recommends 20 percent. I read this over this morning, interesting. One thing about his study is that he assumes a $20 cost...
by jrbdmb
Wed Jan 17, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1080

Re: Rebalancing bands tighter than 5 / 25?

Thank you for the link. I had seen that article mentioned elsewhere but the link was broken. And I agree that the best plan is one that you'll stick with.
by jrbdmb
Wed Jan 17, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing bands tighter than 5 / 25?
Replies: 17
Views: 1080

Rebalancing bands tighter than 5 / 25?

I've seem many posts on here (as well as the Wiki) about using 5% absolute / 25% relative rebalancing bands for a portfolio. But I just can't get comfortable with allowing my investments to drift that much before doing a rebalance. Is it reasonable to use tighter rebalancing bands like 2% / 10%? Not...
by jrbdmb
Wed Jan 10, 2018 3:47 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 276
Views: 47930

Re: USAA 2.5% Cash Back Credit Card

I'm up to $5,563 cash back so far this year. I love this card. As someone said in that Doctor of Credit comments section regarding manufactured spending as being a likely reason USAA is pulling back, "This is why we can't have nice things." Even if all of the $222K in spend to generate the above re...
by jrbdmb
Wed Jan 10, 2018 3:30 am
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 3944

Re: Alliant 3/2.5% card - any experience?

Another "elite" card of interest is BoA premium combined with platinum honors. It is easy to do if you can park 100k at Merrill Edge. And you get bonuses for the checking, for the credit card, and for the brokerage. It is a compelling package. BoA is not picky. BoA is getting pickier than they used...
by jrbdmb
Mon Dec 18, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: Is Menards the future of retail? If so, what does it mean?
Replies: 37
Views: 2417

Re: Is Menards the future of retail? If so, what does it mean?

Private label brands are not unusual at all. I would actually be surprised to find a big box or department store or hardware store or supermarket that *doesn't* offer it's own brands for one reason or another.
by jrbdmb
Fri Dec 15, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: New credit card account hits my credit reports before I even get the card?
Replies: 5
Views: 550

New credit card account hits my credit reports before I even get the card?

This is a new one for me. When applying for a credit card I expect to see an inquiry (hard pull) on one or more of the credit bureaus almost immediately. Then if I'm approved I'll see the new card on my credit reports after a month or two, after I've completed one or two billing cycles. What surpris...
by jrbdmb
Fri Dec 08, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17112

Re: Call the top! - Bitcoin

ccieemeritus wrote: ↑
Thu Dec 07, 2017 11:16 pm
The prize? Honor and glory.
This is silly, a real prize should be awarded.

Does anyone have some Monopoly money they can donate? :)
by jrbdmb
Thu Dec 07, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 8566

Re: Jack Bogle Is Worried About U.S. Pensions

I am not worried. Pensions are so old-fashioned. Folks with 401(k)s and 403(b)s and IRAs aren't spending them down anyways. Unlike pensions, their heirs will benefit and probably won't spend down the 401(k)s and 403(b)s and IRAs either. In a generation or two, no one will have to work anymore becau...
by jrbdmb
Mon Dec 04, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 297
Views: 47209

Re: Retreat to cash

Still hoping for the OP to return and let us know how they got back in to the market.
by jrbdmb
Fri Dec 01, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 100
Views: 14126

Re: Reached 4M target. Taking money off table. Advice?

Some good suggestions above. I would agree that if you feel you have already "won the game" your allocations seem rather aggressive. I would also humbly suggest that if you have not done so already you have an honest discussion with your wife about about want you *both* want to do. You want to move ...
by jrbdmb
Fri Nov 10, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Savor credit card
Replies: 20
Views: 2078

Re: Savor credit card

Plus that effective 4% cash back on dining for a no AF card just sounds too good to be true - I suspect it will be modified sooner rather than later. According to the website, if you want to redeem your rewards for something other then Uber-credit, the minimum redemption amount is $25. You'll have ...
by jrbdmb
Fri Nov 10, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: Savor credit card
Replies: 20
Views: 2078

Re: Savor credit card

Is it wrong of me to just say I just don't want to carry an Uber-branded credit card? :?

Plus that effective 4% cash back on dining for a no AF card just sounds too good to be true - I suspect it will be modified sooner rather than later.
by jrbdmb
Wed Jul 26, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 38
Views: 4718

Re: Time, not material goods, 'raises happiness'

flyingaway wrote:If you are retired and pay others to do everything, how do you spend your time?

Playing golf? Why don't you pay someone to play golf for you, so that you do not have to do it yourself?
Makes me wonder, what do pro golfers do when they retire? Join the rat race?
by jrbdmb
Fri Jul 21, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 2815

Re: simplicity vs chasing bonuses

I've found that in this area, complexity pays. Life is about balance, though, and it sounds like you're overdoing it. I look for bonus offers too but only from time to time. I'm willing to accept that I won't be able to take advantage of every bonus offer out there and can live with that. To hunt t...
by jrbdmb
Wed Jun 28, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Computershare
Replies: 20
Views: 4684

Re: Computershare

Follow-on to the above post: my company has an Computershare ESPP with the below parameters: - Discount is 5% off the market price for the stock. - Contributions must be done via payroll deduction - 1% to 10%. Funds held in a non-interest bearing account until stock is purchased at the end of each q...
by jrbdmb
Wed Jun 28, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Computershare
Replies: 20
Views: 4684

Re: Computershare

In my new account with Computershare, selling stock either costs $20 + $0.05/share (market order) or $30 + $0.05/share (batch order). Stock must be held at Computershare for a minimum of 21 months before I can do a free transfer to a broker like Merrill Edge. At least for me DRIP is free (or to be m...
by jrbdmb
Tue Jun 27, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 40
Views: 4194

Re: co-worker wants to pull out pension

I suspect we need quite a bit more information such as ... - Age of the employee - Availability of other jobs in the area paying $50,000 or more - Tax bracket - other savings. But on the face of it quitting your job and cashing out your pension to pay down your mortgage is probably not a good idea. ...
by jrbdmb
Mon Jun 26, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP Any Good?
Replies: 19
Views: 3326

Re: ESPP Any Good?

I am moving to a new company with a ESPP that is unfortunately not as generous as the ones noted above: - Discount is 5% off the market price for the stock. - Contributions must be done via payroll deduction of 1% to 10%. Funds held in a non-interest bearing account until stock is purchased at the e...
by jrbdmb
Mon Jun 26, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 31
Views: 6068

Re: Emergency Fund too large

In my head I have made my retirement funds (pension, SS, 401K, IRAs) separate from my taxable accounts. My taxable accounts are invested, but at a more conservative allocation (25% equity, 75% fixed income) than my retirement accounts (currently 65% equity, 35% fixed income). There is no reason tha...
by jrbdmb
Wed Jun 21, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 31
Views: 6068

Re: Emergency Fund too large

In my head I have made my retirement funds (pension, SS, 401K, IRAs) separate from my taxable accounts. My taxable accounts are invested, but at a more conservative allocation (25% equity, 75% fixed income) than my retirement accounts (currently 65% equity, 35% fixed income). There is no reason that...
by jrbdmb
Tue Jun 20, 2017 7:29 am
Forum: Investing - Theory, News & General
Topic: Where to put "leftover" money in an ETF portfolio
Replies: 13
Views: 1736

Re: Where to put "leftover" money in an ETF portfolio

I now believe I will go with a third option - set Dividend Reinvestment to "Cash" for one of the funds for a month, after which (for this example) I would be able to purchase a share of BIV at around $85 and have only a few dollars left over. Hopefully that $5 - $10 not earning me money won't keep m...
by jrbdmb
Mon Jun 19, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: Where to put "leftover" money in an ETF portfolio
Replies: 13
Views: 1736

Where to put "leftover" money in an ETF portfolio

I currently have my Roth IRA at Merrill Edge, split between four Vanguard ETFs (BIV, VOO, VSS, VXF). After the original purchase of these ETFs and a subsequent rebalancing, I find I have money money left over - say $20 to $100, not enough to buy an additional share of most of the above ETFs. Should ...
by jrbdmb
Tue Jun 13, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Employee theft - How best to proceed
Replies: 26
Views: 3411

Re: Employee theft - How best to proceed

Well, we did not want to damage the employee's reputation or future prospects so we felt that we should simply fire him and let him go. This is not a matter of an employee stealing some inexpensive medical supplies or picking up a $20 bill he found lying on the floor. This employee engaged in fraud...
by jrbdmb
Fri Jun 09, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: Refrigerator Water Filters -- OEM or Generic?
Replies: 26
Views: 33636

Re: Refrigerator Water Filters -- OEM or Generic?

I usually get a 3/4 pack every 2-3 years for OEM for Maytag UKF8001 from ebay at discount that fits my Whirlpool fridge. If any better solutions, I'm all ears. Can get OEM at less than $20 per if you buy in bulk. Looking on eBay, i see "Genuine" or "OEM" replacements for my Samsung refrigerator fil...
by jrbdmb
Thu Jun 08, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2391
Views: 441557

Re: What's Your Credit Card Rewards Strategy?

Related question about spending some of the $6000 grocery spend for my Amex Blue Cash Preferred ... I have about $1500 in grocery spend (6% cash back) remaining on my BCP that I'd like to use ASAP. A recent Amex BCP Terms and Conditions update taking effect July 01 2017 states specifically that Gif...
by jrbdmb
Wed Jun 07, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 16986

Re: GEICO auto rates vs. USAA: too good to be true?

It's gotten a little better with the discount for owning Berkshire Hathaway. That's a no brainer. If you're going to use GEICO, buy a share. How much is the discount? That sounds great. Do you have $249,000 sitting around you can lend me so I can buy a share? :mrgreen: BTW, I currently have an NJM ...
by jrbdmb
Wed Jun 07, 2017 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Have GEICO auto, asked for quote online, $150 less
Replies: 30
Views: 4383

Re: Have GEICO auto, asked for quote online, $150 less

I think the issue is they can offer you a lower price (discount) for a new customer as they know most people don't change companies every 6 months, then slowly raise it back up...I have had USAA for 17 years...could I get cheaper somewhere else, maybe, but this product I'm just going to pay the USA...
by jrbdmb
Wed Jun 07, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Car insurance in NJ
Replies: 23
Views: 6300

Re: Car insurance in NJ

I had cheap policies from both Liberty Mutual and Travelers when I lived in NJ. Liberty Mutual gave decent discounts for alumni of my school and Travelers had an affinity program with my credit union. These types of discounts can help, so see if any are available to you. And be prepared to change c...
by jrbdmb
Wed Jun 07, 2017 6:02 am
Forum: Personal Consumer Issues
Topic: EZPass not read, rental car, high fee
Replies: 18
Views: 3267

Re: EZPass not read, rental car, high fee

As long as the line isn't brutal we go through the manual toll line if it is an option. That way we know we are in the clear. As of last Halloween, our wonderful MassPike has no more toll booths, all electronic now. As for registering plates, I have one EZPass account with two transponders, one for...
by jrbdmb
Tue Jun 06, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance in NJ
Replies: 23
Views: 6300

Re: Car insurance in NJ

I've been with NJM for over a decade, even since Allstate dropped me after an accident that was not my fault. Anyhow, with one of my boys just added to the policy, I decided to check around. I'm literally shocked that GEICO is quoting me about $1000 less a year, since I had always been under the ass...
by jrbdmb
Mon Jun 05, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2391
Views: 441557

Re: What's Your Credit Card Rewards Strategy?

Related question about spending some of the $6000 grocery spend for my Amex Blue Cash Preferred ... I have about $1500 in grocery spend (6% cash back) remaining on my BCP that I'd like to use ASAP. A recent Amex BCP Terms and Conditions update taking effect July 01 2017 states specifically that Gift...
by jrbdmb
Fri Jun 02, 2017 3:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 74
Views: 18258

Re: Vanguard Ultra-Short-Term Bond Fund now available

I don't see how the interest rate can turn out to be high enough to care much about. It will still be true that almost any bank account will beat it -- and without even the smallest of fluctuations. In fact, the vast majority of bank accounts are currently paying far less than what this fund will p...
by jrbdmb
Thu May 25, 2017 11:00 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 10026

Re: Should I drink or sell my Pappy 12 year?

According to wine-searcher the 12 year old Pappy goes for $490 and up. I like bourbon on occasion (primarily a Scotch drinker), but I'd rather have 10 bottles of Blanton's than one bottle of Pappy. On a related note, I bought two bottles of Black Maple Hill bourbon for around $45 each a few years ag...
by jrbdmb
Mon May 22, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Why Invest in Average?
Replies: 34
Views: 3945

Why Invest in Average?

Interesting take on anti-Boglehead investing from Invesco:

https://www.ispot.tv/ad/ACpl/invesco-un ... in-average

(Note that I saw this ad this morning on CNBC. That's what i get for tuning away from Kelly and Ryan. :happy )
by jrbdmb
Thu May 18, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 92
Views: 11345

Re: The Case for Dividend Stocks in Retirement (article)

I don't know, but I find this thread very discouraging. The belief in dividends as a magic sauce is a belief that markets are inefficient. Even in the face of all the yelling and shouting about dividends as a superior strategy. And now, from someone like Mr. Clements. It's sad. L. Can't find a link...
by jrbdmb
Thu May 18, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 2044

Re: Is it better to stay at 19 or 24 paychecks per year?

The OP is a teacher and doesn't work in the summer. (But likely does and doesn't get paid for it.) Most school employees get their salary spread out over the whole year for cash flow reasons. I think it is more prudent to get your money when you earn it, versus lending it back to your employer for ...
by jrbdmb
Mon May 08, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Homeowners Ins went up 11%
Replies: 25
Views: 3212

Re: Geico Homeowners Ins went up 11%

HO insurance is based on replacement costs, not market values. Why is that? If I have a total loss i don't want it rebuilt. I am walking away. Case in point, I purchased my 4500 sq/ft home for $160k in 2007. Within 5 years the insurance premium went from $2000 year to $4500 a year. I now self- insu...
by jrbdmb
Mon May 08, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: No losses to offset capital gains!
Replies: 14
Views: 1379

Re: No losses to offset capital gains!

Don't let the tax tail way your dog. I assume you sold long term capital gains and the rate is not that bad. I would not do anything fancy and just keep investing based on your plan. If a tax loss shows up because the market goes down use it but if not then its not the end of the world either. You ...
by jrbdmb
Sat May 06, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2391
Views: 441557

Re: What's Your Credit Card Rewards Strategy?

Question - is it worth canceling a Capital One Quicksilver card (1.5% cash back) to open a new Capital One Premier Dining Rewards card (3% on restaurants)? My understanding is that Cap One is not allowing a PC to the Dining card at this time. Or should I just wait a while until Cap One allows a PC? ...
by jrbdmb
Sat May 06, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Yikes! Thought about these 401k fees?
Replies: 11
Views: 1867

Re: Yikes! Thought about these 401k fees?

The main reason I rolled my old employer's 401K into my new employer's 401k and not into a Vanguard IRA is I was concerned that IRAs are not as well protected from legal actions (lawsuits) as 401Ks, depending on your state of residence. In many states some or all of your IRA can be seized to satisfy...
by jrbdmb
Wed May 03, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: Puerto Rico Bonds Bankrupcy
Replies: 37
Views: 4681

Re: Puerto Rico Bonds Bankrupcy

Standard muni funds like Vanguard's VTEAX / VTEB would currently only have a minuscule investment (if any) in low rated bonds like those of Puerto Rico. If these funds did lose money on Puerto Rican bonds it was in 2014 and 2015 when these bonds were being downgraded from investment grade to specula...
by jrbdmb
Mon May 01, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 396
Views: 78464

Re: Bank of America/Merrill Edge - Preferred Rewards

For me the largest benefit of Preferred Rewards (Platinum or above) is the free stock / ETF trades. To get that now I have $25,000 parked in a BoA savings account earning basically nothing. Did you ask about some free trades? Probably if you had deposited the 25k to ME they would have given you som...
by jrbdmb
Sun Apr 30, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 396
Views: 78464

Re: Bank of America/Merrill Edge - Preferred Rewards

^ Okay, just reporting my personal datapoint. It is certainly true that BoA IT systems are pretty bad. That said, although the Preferred Rewards are nice, there's not that much financially at stake in getting them a month or two later, i.e. slightly higher credit card cash back for that time. For m...
by jrbdmb
Tue Apr 25, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5816

Re: New job and offer - recruiter sent a wrong $$

Decline. Don't play recruiter's games. Let them know why (the initial misrepresentation of compensation) and CC the hiring manager on it. Be polite, firm, and honest. Integrity and the ability to say no are the two muscles you can flex here. Agreed. Let the hiring manager know that you're declining...
by jrbdmb
Mon Apr 24, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 396
Views: 78464

Re: Bank of America/Merrill Edge - Preferred Rewards

In a phone call with BoA today, I was told that the accounts do need to be open for three months in order to calculate the 3 month average daily balance. So either the rules have been changed or my rep was misinformed. It is also possible that my ME funds do not count yet towards my balance because...
by jrbdmb
Mon Apr 24, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 23083

Re: Any regrets living a frugal life for high income/high networth individuals?

Spending all my money by death is not a goal. Accumulating more money throughout life is a goal. I would argue that spending all of your money on "stuff" before you die is an empty goal, but saving as much as possible just for the sake of saving as much as possible can also be an empty goal. As was...