Search found 3087 matches

by michaeljc70
Sun Aug 19, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

12 years is a long time to sacrifice. It come down to basic math. $1M index fund portfolio - At least half is trapped in retirement accounts - Doesn't pay YOU every month. I mean, it doesn't deposit real cash into your bank account that you can use today. Wealth to me is no good if its just digits ...
by michaeljc70
Sun Aug 19, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Total Wireless v. Cricket Wireless
Replies: 13
Views: 719

Re: Total Wireless v. Cricket Wireless

We live in a city where all the networks have pretty good coverage but I have rough coverage in my home. If you have marginal coverage in your home, the bigs will offer up devices to extend the coverage into your home usually for free. Cricket will not but now that they support wifi calling, I don'...
by michaeljc70
Sun Aug 19, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

This shows the percentage of homes in various markets where rent covers fixed costs: https://www.zillow.com/research/where-rent-covers-mortgage-15624/ But this does not include maintenance or opportunity costs for the down payment and assumes the property is always rented. Still not clear how often...
by michaeljc70
Sat Aug 18, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

Here are Charlie Munger's thoughts on investing in real estate: https://www.youtube.com/watch?v=KZtGpUl5vC8&feature=youtu.be Warning: Language and witty comments. That was interesting. Munger telling people that there are pros in real estate that have a hand up over you. In stocks, he says, that is...
by michaeljc70
Sat Aug 18, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

One thing about DIY real estate management, you may get old and not want to do it anymore. It helps to have kids that you trust that want to take over. Or you can try to find a rental agent that is reliable and not too expensive. Or you can sell out and pay the cap gains. I have a friend that has 6...
by michaeljc70
Sat Aug 18, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

One thing about DIY real estate management, you may get old and not want to do it anymore. It helps to have kids that you trust that want to take over. Or you can try to find a rental agent that is reliable and not too expensive. Or you can sell out and pay the cap gains. I have a friend that has 6...
by michaeljc70
Sat Aug 18, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 85
Views: 6492

Re: Remind me (again) how real estate isn't a GREAT investment?

I think OP is right in saying it really depends on the area to cover your expense with rents. Where I live, I generally don't think that has been the case in decades. I have friends that have quite a bit of real estate, but most was bought long ago. It also depends on the type of property. Condos wh...
by michaeljc70
Sat Aug 18, 2018 5:20 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 38
Views: 3199

Re: Reckless driving ticket in VA-Help!

I have to say I find it funny so many of these posts and stories mention well known speed traps, going to the office, and even avoiding the area. If these speed traps are so well known, why are you, or relatives getting tickets there and why avoid the area?? :confused :wink: I am aware of speed tra...
by michaeljc70
Sat Aug 18, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Total Wireless v. Cricket Wireless
Replies: 13
Views: 719

Re: Total Wireless v. Cricket Wireless

I haven't used Total Wireless. The only thing I would point out is they don't include taxes/fees in their plans while Cricket does. Keep that in mind when comparing. I know that on some providers I've used the taxes/fees were more than $10 a month. I'm using MintSim now. That is on T-mobile. I've be...
by michaeljc70
Sat Aug 18, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 33
Views: 4889

Re: The Fall of Consumer Reports

Though I do look at CR when making a big purchase (like appliances), I just find there is not enough explanation on their criteria. They seem to not care about features I care about. I mainly use it to not buy the worst rated products or brands with the worst repair histories.
by michaeljc70
Fri Aug 17, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If I do the online process for the HSBC deposit account, is there also an online process to transfer my taxable investment account? I don't want to go into a branch and don't have $100k in cash laying around.
by michaeljc70
Thu Aug 16, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

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
Thu Aug 16, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 2809

Re: Celebrating the day you retired

When my boss retired after 25 years, he just left. Didn't say a word to anyone not even a word to his entire crew, just got in his car and left. Didn't know he was gone until I noticed his car wasn't in the parking lot. Smart guy but very strange way of leaving. I had a very gregarious friend that ...
by michaeljc70
Thu Aug 16, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: How much did you pay to relocate laundry from basement to upstairs?
Replies: 20
Views: 1712

Re: How much did you pay to relocate laundry from basement to upstairs?

I have to think that the electrical and plumbing accessibility (particularly plumbing) are going to be a huge factor in cost. If they aren't being located near existing plumbing, they may have to tear your house apart. If using a gas dryer (which pretty much everyone does where I live), that is anot...
by michaeljc70
Thu Aug 16, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Recent Trip to Naples, Italy
Replies: 13
Views: 1399

Re: Recent Trip to Naples, Italy

Thanks for the review. I will be in Naples in November (I've spent a couple days there previously, but looking to do different things). If you go to those major tourist cities in Sept-May you will generally experience much smaller crowds. I don't think you need to ignore them altogether.
by michaeljc70
Thu Aug 16, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5671

Re: Terminating an employee with company car

renue74 wrote:
Thu Aug 16, 2018 5:07 pm
Employee kept a log of personal miles and our accountant helped him keep it square on taxes.
What were the business miles? Even getting to the office is not considered business miles (generally). They are commute miles.
by michaeljc70
Thu Aug 16, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 2809

Re: Celebrating the day you retired

I threw a party for my Father's 60th birthday and retirement which happened in the same month. We had around 50 people. I think just taking the family out to dinner would also be a nice way to celebrate. Since it sounds like he will still work some, the later may be more appropriate.
by michaeljc70
Thu Aug 16, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5671

Re: Terminating an employee with company car

People are stating policies at megacorps while the OP has a 4 person business. There is no HR or security. Obviously everyone knows everyone else. I don't think it calls for what a Megacorp would do.
by michaeljc70
Thu Aug 16, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3662

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

Perhaps CAPE is no longer a useful measure of valuations and expected 10-year returns from stocks. This time is different. The backtesting data are not relevant. Maybe that's the case. But why does it make sense to believe that the 4% rule is still carved in stone? This time is the same. The backte...
by michaeljc70
Thu Aug 16, 2018 9:10 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 7120

Re: Retire in Florida or Alabama?

adamshousecat wrote:
Mon Aug 13, 2018 7:27 pm
The beaches from Gulf Shores Al through the Florida panhandle are absolutely gorgeous
They are gorgeous. That is not all year round beach weather though. I remember going to Destin in November and wearing a sweater on the beach.
by michaeljc70
Thu Aug 16, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5671

Re: Terminating an employee with company car

I don't know the employee obviously, but I would not want to give the employee any notice which could give them the opportunity to treat the car like a rental car or worse. Things can be done to a car that are not good for it that leave no signs (just because the windshield isn't smashed in doesn't ...
by michaeljc70
Thu Aug 16, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6382

Re: Using ACA for early retirement years

I am planning to use the ACA for early retirement (in late 40s). Of course, if things change that can radically alter my expenses. Without getting into politics, I think if there are any changes, they will probably be on the margins. Obviously the big deal killer would be adding asset tests to the ...
by michaeljc70
Wed Aug 15, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Max Out Tax-Deferred Accounts?
Replies: 28
Views: 2147

Re: Should I Max Out Tax-Deferred Accounts?

I think others hit on it. Between 72t and Roth conversions, maxing out tax-deferred accounts when expecting to retire early is a good plan. If you decide to work longer or for some other reason tax brackets wind up hire in retirement, at your income (guesstimating based on what you posted), you prob...
by michaeljc70
Wed Aug 15, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 100
Views: 8641

Re: As an American, where are some great places in the world to retire?

a) Tokyo? It's a nice place, and surprisingly cheap. Almost anywhere else in Japan is cheaper. And I would heartily endorse Japan for quality of life, especially for retirees. Plus, a first-rate medical system, and as importantly, a first-rate medical insurance system (never fight with your insuran...
by michaeljc70
Wed Aug 15, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6382

Re: Using ACA for early retirement years

My retirement budget assumes the subsidies go away, but i will try to get them if/while I can. The real deal killer is if the protections for pre-existing conditions goes away, not many people in their 50s are free of what insurance companies define as pre-existing conditions. Good point. But that ...
by michaeljc70
Wed Aug 15, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 29
Views: 3464

Re: Master Bath remodel price?

The main question is should we try to limit the cost of the remodel to a certain percentage of the home value, perhaps using slightly lower tier materials to keep costs lower in hopes of recouping a larger proportion of the remodel cost? We are in a situation in which we are by no means flipping th...
by michaeljc70
Wed Aug 15, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6382

Re: Using ACA for early retirement years

I am planning to use the ACA for early retirement (in late 40s). Of course, if things change that can radically alter my expenses. Without getting into politics, I think if there are any changes, they will probably be on the margins. Obviously the big deal killer would be adding asset tests to the ...
by michaeljc70
Wed Aug 15, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 100
Views: 8641

Re: As an American, where are some great places in the world to retire?

Just as a general comment, in much of Europe (and other parts of the world) where English isn't the first language, the majority of folks under ~40 or so (and obviously many older as well) speak English at least functionally if not completely fluently, especially in cities or tourist areas. I certa...
by michaeljc70
Wed Aug 15, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6382

Re: Using ACA for early retirement years

I am planning to use the ACA for early retirement (in late 40s). Of course, if things change that can radically alter my expenses. Without getting into politics, I think if there are any changes, they will probably be on the margins. Obviously the big deal killer would be adding asset tests to the ...
by michaeljc70
Wed Aug 15, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 100
Views: 8641

Re: As an American, where are some great places in the world to retire?

Just relaying what I have gleaned from the many other threads and what makes sense to me. If they haven't lived anywhere else and don't speak any other languages, they most likely will not enjoy/thrive living outside the US. It is one thing buying a pair of pants because they are cheaper, but chang...
by michaeljc70
Tue Aug 14, 2018 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 7732

Re: Is it possible to change one's career in their 40s?

After reading some of the posts, I thought I'd chime in a little more. I've worked in IT 25+ years. If you are techinical, a lot of emphasis is placed on how long you have used tool XYZ version 18.0. It doesn't matter if 18.0 and 17.0 are virtually the same. It doesn't matter if you have 20 years ex...
by michaeljc70
Tue Aug 14, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 7732

Re: Is it possible to change one's career in their 40s?

I am in my late 40s and have worked in IT almost all my adult life. I would say stay the course if possible. Of course you can change fields and pursue other things. Some people get high school diplomas when they are 80. From a practical and financial perspective though, when you account for the tim...
by michaeljc70
Tue Aug 14, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6382

Re: Using ACA for early retirement years

I am planning to use the ACA for early retirement (in late 40s). Of course, if things change that can radically alter my expenses. Without getting into politics, I think if there are any changes, they will probably be on the margins. Obviously the big deal killer would be adding asset tests to the A...
by michaeljc70
Tue Aug 14, 2018 9:52 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 100
Views: 8641

Re: As an American, where are some great places in the world to retire?

Just relaying what I have gleaned from the many other threads and what makes sense to me. If they haven't lived anywhere else and don't speak any other languages, they most likely will not enjoy/thrive living outside the US. It is one thing buying a pair of pants because they are cheaper, but changi...
by michaeljc70
Tue Aug 14, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just spoke with a rep from Merrill Edge. He said the maximum anyone can get is $2,500 (unless it's over $5 million) per account owner across all accounts. Is that right? Anyone gotten more? You mean $2500 on a lifetime basis ? Or $2500 for a single transfer ? I got $2500 from ME about a year ago ...
by michaeljc70
Tue Aug 14, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Return Protection: Citi Doublecash
Replies: 12
Views: 1225

Re: Return Protection: Citi Doublecash

Did you send Citi a picture of the shoes? It seems that it should be pretty easy to determine if they were used.
by michaeljc70
Tue Aug 14, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 537
Views: 31265

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

Let's talk VGTSX. Straight from Vanguard's own website, growth rate, 4.84% compounded since inception, 4/29/1996. The year is 2018. 22 years. I've said it before and I'll say it again. That is too long a period for such a low growth rate. If you made the same case at 5 or even 10 years, I would not...
by michaeljc70
Tue Aug 14, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Return Protection: Citi Doublecash
Replies: 12
Views: 1225

Re: Return Protection: Citi Doublecash

I have had mixed results in disputes and that is across many different types of credit cards from Amex, Discover, MC and Visa. In general, it seems like unless the merchant defrauded you, they side with the merchant. If you buy things online, the merchant will point to their TOS which is obviously v...
by michaeljc70
Tue Aug 14, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Optum HSA Fee Increase Notice
Replies: 16
Views: 1971

Re: Optum HSA Fee Increase Notice

I pay Optum no fees (not sure if it is due to my balance or being grandfathered in coming from Wells Fargo acquisition). However, Optum is really geared toward employers. It is a subsidiary of UnitedHealth Group which is the largest health insurance company in the US. They aren't really in business ...
by michaeljc70
Tue Aug 14, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 537
Views: 31265

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

Bonds have been underperforming lately. Are you cutting back on those too? Perhaps you should consider buying only the top performing asset classes in the last 10 years and report back in 10 years how you did.
by michaeljc70
Tue Aug 14, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Decided on Chromebook, now need spec help
Replies: 36
Views: 2386

Re: Decided on Chromebook, now need spec help

If you're getting a Chromebook mainly to avoid Windows (I don't blame you), I'd look at installing Linux Mint on a laptop. You can even dual boot with Windows if necessary. You could dual-boot or run a different Linux distribution concurrently on a Chromebook (the Chrome OS is a Linux variant thats...
by michaeljc70
Mon Aug 13, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Decided on Chromebook, now need spec help
Replies: 36
Views: 2386

Re: Decided on Chromebook, now need spec help

I agree the processor and storage aren't that important. For me, storage hasn't been important since the whole point of a chromebook is to have everything in the cloud, and local storage has been cumbersome and limited. On the other hand, processor has been an issue, with most all processors too sl...
by michaeljc70
Mon Aug 13, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I was going to transfer my IRA to Etrade, but at the bottom of their terms it says not valid for retirement accounts. In looking around currently, it seems like Ally is the best option. I am looking to move an IRA in the 500k-1000k range. They are offering $1200. Is there any better option for my s...
by michaeljc70
Mon Aug 13, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Decided on Chromebook, now need spec help
Replies: 36
Views: 2386

Re: Decided on Chromebook, now need spec help

To me the most important aspect of a Chomebook is getting an HD screen. It makes a huge difference, especially for someone who is used to a Retina screen on an ipad. My choice was the Toshiba Chromebook 2, which is 3 lbs, has a 13" screen, true HD display, good Skullcandy speakers, and a nice keybo...
by michaeljc70
Mon Aug 13, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I was going to transfer my IRA to Etrade, but at the bottom of their terms it says not valid for retirement accounts. In looking around currently, it seems like Ally is the best option. I am looking to move an IRA in the 500k-1000k range. They are offering $1200. Is there any better option for my si...
by michaeljc70
Mon Aug 13, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 115
Views: 7580

Re: [New Vanguard website layout starting Saturday, August 11]

I see the changes. I only have 2 accounts left at Vanguard each with one fund, so it doesn't matter much to me. The initial screen is also different for me where you pick personal investor, etc. I have picked personal investor about 100 times and click for them to make that the default but it always...
by michaeljc70
Mon Aug 13, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195993

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I recollect there was some discussion of a PNC bonus a while back, but it seems to have expired. I know there are people who hold funds at Chase, and get private Client Status from that. I have $500-1M in IRA that is free to move, and would be interested in hearing about bonuses from 'non conventio...
by michaeljc70
Mon Aug 13, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Importance of sequence of real returns for SWR, CAPE valuation, and Luck
Replies: 95
Views: 3662

Re: Importance of sequence of real returns for SWR, CAPE valuation, and Luck

But, as I understand it, this doesn't change the floor for a SWR rate from his previous studies. A .77 correlation is not something I would take to the bank. What if you work 10 more years and valuations are still high?
by michaeljc70
Mon Aug 13, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3211

Re: Offering 401k Advice to my coworkers?

A Vanguard Target Retirement fund is only "expensive" when comparing it to it to very low cost individual funds. It is probably cheaper than 90%+ of funds out there. As other have said, your company (for obvious reasons) is not going to hand out financial advice from a random employee.
by michaeljc70
Mon Aug 13, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Decided on Chromebook, now need spec help
Replies: 36
Views: 2386

Re: Decided on Chromebook, now need spec help

I would consider if it is it worth spending double to "future proof" it when you can just buy one and throw it out and buy another with better specs in a few years. Tech is always dropping in value and you almost always pay a premium on the feature/performance curve. I don't think it pays to overbu...