Search found 25 matches

by Mimmz
Sat Sep 15, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 33
Views: 3505

Re: Single Family Homes in Chicago?

Grew up in the suburbs of Chicago, have lived in condos walking distance to the loop for the last decade or so, my office is located in the loop when not commuting to/from O’Hare, have a 60 pound fur baby, and will be moving into a SFH in the North Center (Roscoe Village is inside of North Center)/R...
by Mimmz
Thu Feb 08, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Electronic Door Locks
Replies: 26
Views: 3683

Re: Electronic Door Locks

unclescrooge wrote:
Tue Feb 06, 2018 11:42 pm
I have two patio sliding glass doors with locks on them. Would you happen to know if these could be changed or rekeyed for security purposes?
I've gathered that there are ways to do it, but that it gets much more complex than with a standard deadbolt...
by Mimmz
Tue Feb 06, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Electronic Door Locks
Replies: 26
Views: 3683

Re: Electronic Door Locks

We use a Yale Real Living deadbolt and couldn’t go back to a normal lock. We’re in a city condo with only one entrance, so we opted for a model with a keyhole in the event the circuitry fried, but would have chosen a model without a keyhole if we had multiple points of access (bump proof). They can ...
by Mimmz
Tue Jan 30, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Fund Classification
Replies: 11
Views: 1336

Re: Stable Value Fund Classification

Mine is high enough yielding that it's essentially the entirety of my fixed income allocation.

Without including it, my AA is about 99/1. Including my SVF, it's about 70/30.

I do bear elevated idiosyncratic risk should something happen to the positions/companies underlying my SVF.
by Mimmz
Sat Jan 13, 2018 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth: Conversion or Rollover?
Replies: 15
Views: 1393

Re: Mega Backdoor Roth: Conversion or Rollover?

Is it correct that none of this applies to a 60-day "Roth IRA loan" withdrawal that is subsequently repaid in full? The whole kit and caboodle can come out, as long as it all gets back in somehow within 60-days?
by Mimmz
Sat Jan 13, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2902

Re: Sell or Keep a rental condo

So I’ve been a landlord for about a year. I have a condo in Chicago taht I bought in 2010. I've been a landlord now for three years, of a bank-owned condo I bought in Chicago in 2010, so I feel like I can relate. I am considering selling as the market is strong and I can get a premium as I have a d...
by Mimmz
Thu Jan 11, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Diminished value claim - small claims court
Replies: 23
Views: 2031

Re: Diminished value claim - small claims court

OK - what if we turn the situation around and suppose this does not involve insurance. You do damage to my car and it is your fault. Complete repair of the damage costs $1,000 -- BUT I (legitimately) claim my car now has "diminished value" (after the repair) of $2,000. In addition to having paid th...
by Mimmz
Thu Jan 11, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Diminished value claim - small claims court
Replies: 23
Views: 2031

Re: Diminished value claim - small claims court

When our car was significantly damaged by another driver, the insurance company was prompt with repairs and cut the check without any signed release. I claimed diminished value, which they denied. I obtained an independent appraisal, and sent a demand letter for the amount to the claims handler via...
by Mimmz
Wed Jan 10, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: Diminished value claim - small claims court
Replies: 23
Views: 2031

Re: Diminished value claim - small claims court

When our car was significantly damaged by another driver, the insurance company was prompt with repairs and cut the check without any signed release. I claimed diminished value, which they denied. I obtained an independent appraisal, and sent a demand letter for the amount to the claims handler via ...
by Mimmz
Sun Dec 03, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1441

Housing Heuristics - Rising Income

One of the common caveats in housing affordability discussions is the importance of a stable job/income, and most affordability related heuristics assume a flat level of income. As many homebuyers are younger wage earners, who have yet to reach peak earning levels, do the common rules of thumb alrea...
by Mimmz
Wed Nov 01, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Pet insurance?
Replies: 50
Views: 5568

Re: Pet insurance?

Pet insurance actually seemed to me to be a relatively compelling value. I’m in my second year with Trupanion on our shelter puppy. We pay roughly $25 per month for what I would consider comprehensive catastrophic insurance. High deductible, minimal copay. Notably, Trupanion’s deductible is applied ...
by Mimmz
Sat Oct 14, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 84
Views: 13139

Re: New mattress

Another 100% latex fan here. Has made a world of difference on my lower back. We assembled our own with seperately sourced latex cores (there are both different densities and different manufacturing processes in use today) and a zippered case, and probably saved some money doing so, but the aggravat...
by Mimmz
Fri Oct 13, 2017 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question
Replies: 14
Views: 982

Re: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question

Check with your current bank, holding mortgage. Terms will not be same if you convert it to a rental. Investment properties are treated differently. As to your question about paying off, I would pay off the current home (your future rental). This way you are dealing with less paperwork with a finan...
by Mimmz
Wed Oct 19, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 97
Views: 12560

Re: Very tough career choice part 2 (ego, startup, hedge funds)

Chicago is an amazing place to be young and well paid - my lifestyle and asset accumulation has far surpassed what would have been achievable on either coast, and the scene available is no less than any major international metropolitan. And while the high finance reputation isn't entirely unfounded,...
by Mimmz
Thu Sep 22, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Partners - Salary/Risk Worth it?
Replies: 21
Views: 11128

Re: Big 4 Partners - Salary/Risk Worth it?

Most eventually burnt out and quit in their early fifties. Forced retirement is generally between 50-55, and if you've been there long enough for a fully vested partner pension, that satisfies everyone's view of retiring well (generally mid-six figures). I knew one MD in my Big 4 Advisory group who...
by Mimmz
Tue Jul 26, 2016 8:52 pm
Forum: Personal Consumer Issues
Topic: Gas grill recommendations please
Replies: 52
Views: 4258

Re: Gas grill recommendations please

Another nod to the Weber Genesis. Going on 6 years, and the only additional cost has been to replace the grates this past week. I do keep a cover on it when I remember to put it on, but it's taken long hot summers in direct sun and cold wet winters like a champ. You probably don't need a side burner...
by Mimmz
Tue Mar 29, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate License for your own personal RE
Replies: 15
Views: 1776

Re: Real Estate License for your own personal RE

I did it. As others have noted, very state specific and the value will be limited if you aren't actively doing transactions. You can always try to negotiate an Agent's commission / split with you. Redfin makes this effectively painless. Other "MLS fee only" type shops can minimize your costs too. I ...
by Mimmz
Thu Mar 24, 2016 6:49 pm
Forum: Personal Consumer Issues
Topic: Moving to Chicago - Where should I live? (2 options)
Replies: 36
Views: 4249

Re: Moving to Chicago - Where should I live? (2 options)

Lots of excellent advice above. The only other view I'll add is that you may be able to find something more affordable West of the river, like in Noble Square or Ukranian Village. While the further North areas get more attention, and Fulton Market down to West Loop is now too pricey for your budget,...
by Mimmz
Sun Feb 14, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 40
Views: 4792

Re: Private equity investment

Having the opportunity through my employment to make two smaller investments in recent years into PE than OP is looking to make, Fourkids hit the nail on the head from my perspective. I invested less than 20% of my total allocation into a lower-middle market private equity fund (technically one fund...
by Mimmz
Mon Dec 28, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: 5%&up return and 0 risk tolerance, are there options?
Replies: 65
Views: 5218

Re: 5%&up return and 0 risk tolerance, are there options?

Some 401k/403b plans offer stable value funds with decent yields, so this is something to look at. I have access to just such a stable value fund, and the return is updated annually, but currently yielding just over 5%. As others have already indicated: -This is a highly uncommon yield, with very f...
by Mimmz
Thu Dec 24, 2015 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to 5% Guaranteed Product
Replies: 16
Views: 1506

Re: Allocation to 5% Guaranteed Product

Why would a default by an insurance company cause you to lose your job? Do you work in the insurance industry? I don't see how the Stable Value risk is similar to your job loss risk, unless you are talking about some sort of extreme economic meltdown in which many many people lose their jobs. In th...
by Mimmz
Thu Dec 24, 2015 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to 5% Guaranteed Product
Replies: 16
Views: 1506

Re: Allocation to 5% Guaranteed Product

If you put 50% of your retirement assets into this fund, what is the worst that can happen? You could lose it all, which is exceedingly unlikely. Even so, you could replenish those losses with two year's contributions...essentially suggesting that your retirement might be delayed by a year or two i...
by Mimmz
Thu Dec 24, 2015 2:12 pm
Forum: Personal Consumer Issues
Topic: Dress shirts and button-down shirts - budget and quality overview
Replies: 40
Views: 7120

Re: Dress shirts and button-down shirts - budget and quality overview

While certainly more expensive than some of the other options presented, and may not be available based on your location, I have had good luck with the travelling tailors who make US tours. Despite being a relatively easy to fit frame, I can never get a shirt that seems to fit quite as well. I can g...
by Mimmz
Thu Dec 24, 2015 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to 5% Guaranteed Product
Replies: 16
Views: 1506

Re: Allocation to 5% Guaranteed Product

Your writing style has peaked my interest. What was your undergraduate degree? Hopefully it wasn't off-putting! Undergraduate degrees in Accounting and Finance, with a Masters in Accounting. It's part of fixed income. I don't understand the reference to lumping "domestic debt" and "commodities." Th...
by Mimmz
Thu Dec 24, 2015 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Allocation to 5% Guaranteed Product
Replies: 16
Views: 1506

Allocation to 5% Guaranteed Product

Long-time lurker, first time poster - thanks for all the help over the years. Merry Christmas and Happy Holidays everyone. As the title suggests, I have access through my employer to an investment with a nearly risk-free return just in excess of 5%. This rate can adjust annually, is backed by a Aaa ...