Search found 2957 matches

by michaeljc70
Mon Jul 16, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1040
Views: 183714

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Is this it? Case study Broker trade executions Thank you but I don't see any reference to simplifying the purchase and sale of ETFs in this thread. This thread seems to be about testing and maximizing the purchase and sale of ETFs. Side note: I spoke with E-trade today and financial consultant in a...
by michaeljc70
Mon Jul 16, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 55
Views: 3733

Re: FireCalc: How big a grain of salt?

In my view, if you take FireCalc (or any reputable tool) with too many grains of salt you will probably work much longer than needed. Some people are fine with that, some aren't. I just don't know what would be more accurate than using actual historical data. Of course the future could be worse than...
by michaeljc70
Mon Jul 16, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 99
Views: 6362

Re: Why is leveraging property good but leveraging stocks bad?

Until recently, home values had never fallen nationally. Stocks have fallen many, many times. It is also much easier to panic and bail on stocks based on emotion (you just login to a website or make a call). Houses don't sell and close quickly and presumably you won't have anywhere to live if you do...
by michaeljc70
Sun Jul 15, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Bounced check
Replies: 27
Views: 2708

Re: Bounced check

It seems the problem of confusing which account to use could be eliminated by simply using a check register (gasp!) for each account. When you write a check, and enter in the register, it would be immediately apparent if there was not enough money to cover the check. But I forget, check registers a...
by michaeljc70
Sun Jul 15, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16760

Re: Top Shelf Liquor Overrated?

Relatives of my family worked at what would be considered a large high end bar/club/lounge in a major city and they said the establishment refilled the bottles in the basement with inferior liquor. This was mostly for vodka. I used to do the same thing: https://www.bogleheads.org/forum/viewtopic.ph...
by michaeljc70
Sun Jul 15, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 30
Views: 2756

Re: Retiring in early 2019.

I agree that the amount in stocks should be increased. You don't have to go crazy and can do it over time. Maybe to 30% since you say you are conservative. You have inflation risk with what you have now. What does the CD pay? You are probably barely keeping up with inflation with that portion which ...
by michaeljc70
Sun Jul 15, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Inlaws need $50k loan for new home, hard time finding lenders
Replies: 17
Views: 2289

Re: Inlaws need $50k loan for new home, hard time finding lenders

Take out a margin loan. https://www.interactivebrokers.com/en/index.php?f=18069 This is a good way if they have sufficient assets in a taxable account and a wide margin in case of a market drop (so they don't get a margin call). IB has very low margin rates. 3.41% now on a 50k loan. There are no fi...
by michaeljc70
Sun Jul 15, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16760

Re: Top Shelf Liquor Overrated?

I saw a video once in which a restaurant of some sort did an experiment where they asked their snooty patrons if they wouldn't mind sampling some of their new, fancy bottled water. The water bottles were filled using a garden hose out back and then the patrons were told that the water came from a r...
by michaeljc70
Sun Jul 15, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Bounced check
Replies: 27
Views: 2708

Re: Bounced check

It won't affect your credit. I have never heard of them reporting to credit reporting agencies for property taxes. They can put a lien on your house and take your house away so they don't need to bother with that. You have two checking accounts, paid the taxes due in Sept in July and bounced a chec...
by michaeljc70
Sun Jul 15, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 46
Views: 4864

Re: Costco Membership

Does this mean you can go buy more cash cards for yourself if you already have one? I seem to remember distinctly that one needs membership to buy a cash card, unless others have tried and succeeded. It depends on the manager. But you can buy discounted gift cards including Costco cash cards online...
by michaeljc70
Sat Jul 14, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: thoughts on converting small pantry to 3/4 bath
Replies: 22
Views: 1219

Re: thoughts on converting small pantry to 3/4 bath

Have you considered having the sink area outside the shower/toilet area? That might give you enough room for a wider (walker/wheelchair) door. I really would like someone to draw this out if they think it will work. As I said above, my powder room is exactly 3x6. The toilet cannot go on the long wa...
by michaeljc70
Sat Jul 14, 2018 10:56 pm
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 46
Views: 4864

Re: Costco Membership

Using a Cash Card is not hack, it is in the printed terms of the Cash Card, which are visible on the back of the card. No need to spend $65 or more on a membership, regardless if you shop at Costco rarely or every week. However, you need to buy your first cash card online, or have an existing membe...
by michaeljc70
Sat Jul 14, 2018 10:50 pm
Forum: Personal Consumer Issues
Topic: Bounced check
Replies: 27
Views: 2708

Re: Bounced check

It won't affect your credit. I have never heard of them reporting to credit reporting agencies for property taxes. They can put a lien on your house and take your house away so they don't need to bother with that. You have two checking accounts, paid the taxes due in Sept in July and bounced a check...
by michaeljc70
Sat Jul 14, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1326

Re: Moving Tip and Ideas?

will probably rent a storage unit for any unnecessary items. Don't store unnecessary items, get rid of them. Since you are moving to a smaller place, don't start with the things you have and then get rid of stuff. Start with the things you have and "go shopping" from them for what you actually need...
by michaeljc70
Sat Jul 14, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: Someone is using my cellphone number
Replies: 21
Views: 2752

Re: Someone is using my cellphone number

I guess I am not sure what fraud you are worried about. Someone using your bank or credit cards is something to worry about. Someone having your phone number is not. It could have been a typo. Just check all your financial accounts for unauthorized activity. It is best if you set up text alerts (I g...
by michaeljc70
Sat Jul 14, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 31
Views: 2045

Re: are mccormick gourmet spices better

I find McCormick spices to be very overpriced and never buy them. As another poster pointed out, they seem to get (aka buy) premium shelf space in many major supermarkets. I cook with a lot of spices. I have never found there to be much of a difference in quality unless they are old (it's not like t...
by michaeljc70
Sat Jul 14, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1326

Re: Moving Tip and Ideas?

Moving Tips Before Moving Day: 1. Go through all of your stuff well in advance of the move, and get rid of the things you don’t want in the new place. Why move it if you will just get rid of it at the other end? 2. Decide what you will move yourself. What vehicles and space are available? Estimate ...
by michaeljc70
Fri Jul 13, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: thoughts on converting small pantry to 3/4 bath
Replies: 22
Views: 1219

Re: thoughts on converting small pantry to 3/4 bath

3x6 is too small for a 3/4 bath. It is enough for a 1/2 bath (sink and toilet). I cannot imagine how you would fit a shower, sink, toilet, doorway and it be practical. I say this having a powder room on my 1st floor that is exactly 3x6 feet.
by michaeljc70
Fri Jul 13, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9260

Re: When does frugal cross the line to cheapskate?

Dragging your family to Thailand to retire at age 35 when you have no ties there and don't speak the language is being a cheapskate. Buying a house and renting out all the rooms (assuming not college age) and sleeping on the couch or in the basement is being a cheapskate. I read variances on both of...
by michaeljc70
Fri Jul 13, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to verify if seller is legally collecting sales tax (CA)
Replies: 7
Views: 897

Re: How to verify if seller is legally collecting sales tax (CA)

Even verifying that they have a permit doesn't guarantee it is all being turned over. What do you care (other than as a good citizen)? They are legally on the hook for it.
by michaeljc70
Fri Jul 13, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9260

Re: When does frugal cross the line to cheapskate?

It is open to interpretation. I would say a frugal person might see the value in sometimes buying better quality things that will last and a cheapskate might not. A frugal person might pay more sometimes because they value their time while a cheapskate might not. As others mentioned, a cheapskate mi...
by michaeljc70
Thu Jul 12, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Like Lifestrategy Funds but???
Replies: 32
Views: 3204

Re: Like Lifestrategy Funds but???

It wouldn't deter me. But I do hold an international bond fund. I think that many that are against the international bond fund are because it is an additional hassle to add another fund if you are doing a 3 fund portfolio and it isn't worth it or they don't entirely understand it. I saw a thread the...
by michaeljc70
Thu Jul 12, 2018 2:56 pm
Forum: Personal Consumer Issues
Topic: Prepaid cell phone plan vs Regular Contract Plan
Replies: 26
Views: 2058

Re: Prepaid cell phone plan vs Regular Contract Plan

I'm going to give Project Fi (Google) a shot since I'll be spending some time in Europe. Not quite as cheap as some others depending on data usage but the bill is capped and it can use multiple networks. That only works with a handful of phones. It also gets pricey if you use a lot of data. Interna...
by michaeljc70
Thu Jul 12, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: Prepaid cell phone plan vs Regular Contract Plan
Replies: 26
Views: 2058

Re: Prepaid cell phone plan vs Regular Contract Plan

I'm going to give Project Fi (Google) a shot since I'll be spending some time in Europe. Not quite as cheap as some others depending on data usage but the bill is capped and it can use multiple networks. That only works with a handful of phones. It also gets pricey if you use a lot of data. Interna...
by michaeljc70
Thu Jul 12, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12666

Re: What are your property taxes?

But if homes go up 10% or whatever in a year(s) why does government spending need to go up by the same amount? This is a criticism of all taxes I can think of (income, capital gains, sales, property). Do you have a better system? I suspect the basic justification is that the more money you make (in...
by michaeljc70
Wed Jul 11, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA strategy
Replies: 18
Views: 1384

Re: Roth IRA strategy

I moved money from Vanguard to TDA and went with the SPTM. Very low ER.
by michaeljc70
Wed Jul 11, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1040
Views: 183714

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Schwab gave us a bonus on our joint brokerage account and a bonus on an IRA account. how much bonus? I already have a joint brokerage there but hold most assets elsewhere. I might be tempted to move IRAs from Vanguard Your bonus will depend upon the amount you move to Schwab. You’ll have to call an...
by michaeljc70
Wed Jul 11, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 3942

Re: Tipping in a hotel room/cruise ship room

For cruise ships, in addition to the mandated tips, I give extra money for the room attendant and the wait staff but I give them directly. For hotels, I usually put the do not disturb sign for my stay and leave a few dollars at the end of my trip. I'm glad I'm not the only one. I don't like or need...
by michaeljc70
Wed Jul 11, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Whole Foods -- any drop in prices after Amazon takeover ?
Replies: 31
Views: 3626

Re: Whole Foods -- any drop in prices after Amazon takeover ?

At least at the Aldi's here, most of their fresh meat is "enhanced" with solution. Sometimes up to 12%, which is ludicrous. Their ground beef is fine, and some of the vacuum-packed beef is solution-free as well. I mostly buy my meat at the supermarket when it's on sale. I went into a Aldi's and lef...
by michaeljc70
Wed Jul 11, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12666

Re: What are your property taxes?

Murfreesboro, TN (Nashville) Assessed Value of home $425K ($520K real value) Annual prop Tax bill - $3980 Just got a notice its going up...homes have increase about 10% a year the last few years. But if homes go up 10% or whatever in a year(s) why does government spending need to go up by the same ...
by michaeljc70
Wed Jul 11, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 116
Views: 11294

Re: Why not go 100% stocks?

I wonder if you look across a 40 year or so working career whether 100% stocks would always beat any other combination. IF you never sell during a down market. If not always, almost always. I had 100% stocks until I was well into my 40s (and I plan to retire before 50). I plan on 75/25 in retiremen...
by michaeljc70
Tue Jul 10, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4413

Re: Target date funds....unsophisticated?

Target date funds, really? If someone posted they changed their AA every year, paid higher fees for investing than they needed to so someone else could manage their investments, invested in funds that unnecessarily manufactured taxable events every year, and set an AA that didn’t really match their...
by michaeljc70
Tue Jul 10, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12666

Re: What are your property taxes?

Murfreesboro, TN (Nashville) Assessed Value of home $425K ($520K real value) Annual prop Tax bill - $3980 Just got a notice its going up...homes have increase about 10% a year the last few years. But if homes go up 10% or whatever in a year(s) why does government spending need to go up by the same ...
by michaeljc70
Tue Jul 10, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4334

Re: Why 3-funds and not 4-funds or even 2-funds?

A few things after reading through the posts: -The Vanguard World Bond is an ETF of two funds: The Vanguard Total International Bond and Vanguard Total Bond. -Going with 2 funds (assuming you have intl stocks) just limits your AA to whatever the fund has for that portion. In other words, you can pic...
by michaeljc70
Tue Jul 10, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 12666

Re: What are your property taxes?

IL, 425k townhouse = $6100 property taxes. Up 50% in 4 years. And that's after"winning" an appeal using an attorney.

Sales tax is 10.25%.
by michaeljc70
Tue Jul 10, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Resume Question
Replies: 10
Views: 645

Re: Resume Question

I would not repeat them. I think it looks lazy and uncreative. I would (and do on my resume) just rephrase them using synonyms and/or any distinctions that would be relevant.
by michaeljc70
Mon Jul 09, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1326

Re: Moving Tip and Ideas?

The biggest thing I've gleaned from my moves is give away, donate or throw out things you don't think you need-as much as possible. 95%+ of the stuff I've gotten rid of I never missed. Even after getting rid of 30% of my stuff during the last move, a lot of things are still sitting in the garage and...
by michaeljc70
Mon Jul 09, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3014

Re: $50+ gas bill for $4 in gas?

Not just gas, but all utilities. Water bills are packed with all types of customer services fees. If you go away and use zero water and therefore zero sewage, the bill is still high for customer connection for both utilities. There is a cost with maintaining the infrastructure to deliver electricit...
by michaeljc70
Sun Jul 08, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1040
Views: 183714

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

HSBC has a $750 bonus on $100k for 90 days. Investments count even though you know HSBC as a bank. The account requires you to maintain 100k or you are charged a $50/mo fee. https://www.us.hsbc.com/checking-accounts/campaigns/premier-offer-2018/ Every penny I have is currently earning me a bonus so...
by michaeljc70
Sun Jul 08, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3014

Re: $50+ gas bill for $4 in gas?

bob60014 wrote:
Sat Jul 07, 2018 9:29 pm
Is that NICOR or are you part of aggregation? We are NICOR in the nw burbs and haven't noticed any increase.
I'm on People's Gas.
by michaeljc70
Sat Jul 07, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3014

Re: $50+ gas bill for $4 in gas?

Yeah. My gas service is only used for the water heater and the oven/cooktop. The base customer charge is at least three times the gas use and distribution charges. Even if I use almost no gas during a month, the cheapest my bill could get would be about $25. In a different area with a different uti...
by michaeljc70
Sat Jul 07, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: $50+ gas bill for $4 in gas?
Replies: 16
Views: 3014

$50+ gas bill for $4 in gas?

I noticed my natural gas bill (heat, hot water, cooking) has slowly crept up in the summer months where I use little gas. My bills used to be pretty low in the summer as it was almost all hot water (grill outside mostly and no heat in warm weather). My last bill was $50.23. The breakdown is: Custome...
by michaeljc70
Sat Jul 07, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7728

Re: Tipping at non sit down places

Is there any assurance that credit card tips at counter service restaurants actually go to employees? ABSOLUTELY NONE!! In many restaurants regardless of whether the tips are credit card or cash, the wait staff are expected to share some of their tips with other service employees. There have even b...
by michaeljc70
Fri Jul 06, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6550

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

I'd like to know the difference in his portfolio from this move vs. if he had kept it the way it was. As I understand it, he is at 50/50 now. I'm not saying that makes it a mistake as people need to adjust their AA to what makes them comfortable but I am curious what difference it made over 17 years.
by michaeljc70
Thu Jul 05, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7728

Re: Tipping at non sit down places

We should tip more whether we eat in, take out, or get deliveries. A few extra dollars don't mean much to bogleheads but mean a heck of a lot to the workers. The time to save is when you negotiate big ticket items, the interest rates on your car or home loans, invest in lower-fee funds, negotiate t...
by michaeljc70
Thu Jul 05, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: There will be a recession and market downturn
Replies: 58
Views: 3192

Re: There will be a recession and market downturn

There will always be a recession coming. I'm not sure I'd prepare any differently than I did for the last few. It didn't take that long (if you are a long term investor/thinker) for the stock market to recover from the last one which was worse than most. These things don't come on a schedule.
by michaeljc70
Thu Jul 05, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7728

Re: Tipping at non sit down places

You didn't elaborate much, but I agree that generally there is no need to tip if there is no server. If this is a buffet where someone is picking up all your used dishes and possibly serving drinks, then a small tip is appropriate.
by michaeljc70
Thu Jul 05, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 3926

Re: Monthly Water Usage

About half of that rise in your bill is due to inflation (20 years is not a short time). The rest is due to the rise in family size and possibly water rates that went up quicker than inflation. I know where I live (Chicago), they are jacking up the water bills because they are broke and, well, who c...
by michaeljc70
Thu Jul 05, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18609

Re: The Power of Working Longer

Failures do not always happen at the end, so that is false. I should have qualified it and stated using less conservative figures. Of course if you use 4%, 50/50 and 30 year retirement everyone knows it will almost always work. If you are conservative enough, there is no chance of failure (at least...
by michaeljc70
Thu Jul 05, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 185
Views: 18609

Re: The Power of Working Longer

When using these tools the failures typically happen more often toward the beginning of a long retirement rather than the end. This is categorically, 100% false. Failures always happen towards the end. I don't even really understand how it could be otherwise, actually. In the US, when shortfall occ...