Search found 777 matches

by LarryAllen
Thu Jan 11, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4397

Re: Help me stop my addiction to stock market peeping!

I checked them every day, patted myself on the back, smiled, etc... back about 1998 and then that stopped pretty quick. It's a lot more fun when the market is going up. Becomes much less fun when going down. Heck about 2008-2009 I just stopped opening the brokerage statements when they came in the m...
by LarryAllen
Thu Jan 11, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Which Car To Keep
Replies: 25
Views: 1363

Re: Which Car To Keep

We go out as a complete family fairly often so having a vehicle big enough for all of us is crucial. However, each situation is unique. If it were me I would keep the Pilot. It can hold everybody and it can haul some amount of stuff. I imagine you would go out as a family more than you would need mo...
by LarryAllen
Wed Jan 10, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

RudyS wrote:
Wed Jan 10, 2018 10:02 am
LarryAllen wrote:
Wed Jan 10, 2018 9:55 am
I'd wait a month or two and offer $400k cash 10 day close.
with an inspection contingency?
Of course. 72 hours or some short window.
by LarryAllen
Wed Jan 10, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

I'd wait a month or two and offer $400k cash 10 day close.
by LarryAllen
Tue Jan 09, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 153
Views: 15014

Re: Anyone disenchanted with retirement?

I am not there yet but counting the days. Other than missing a big pay check I am super excited to have less responsibility in life and more time to do whatever I want.
by LarryAllen
Mon Jan 08, 2018 10:36 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8423

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I find threads without something "actionable" still may have lots of nuggets of valuable information in them. It seems it's pretty easy for people to move on to the next thread if they don't like the content of one!?
by LarryAllen
Fri Jan 05, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: 86 year old mother wants to break away from financial adviser..
Replies: 8
Views: 1222

Re: 86 year old mother wants to break away from financial adviser..

Good advice so far. Not much to add except re-read all of the above and consider listening to it.
by LarryAllen
Thu Jan 04, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust - Will
Replies: 55
Views: 4063

Re: Living Trust - Will

We were going to do a trust since the only asset that couldn't pass through designated beneficiaries was the house. Then California passed a law that permits a property owner to record a beneficiary deed that designates who will receive real estate upon their passing. We don't see a real need for a...
by LarryAllen
Thu Jan 04, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Real Estate
Replies: 30
Views: 2299

Re: Investing in Real Estate

There is a world of information about real estate investing at biggerpockets.com For people living in places, like California, look to out of state investing. The cash flow returns in KC, Memphis, Indy, Jax, etc... are incredibly better than California. I like decedent neighborhoods so, for example,...
by LarryAllen
Tue Jan 02, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 128
Views: 11349

Re: Embarrassment Preventing Retirement Work: A factor for you?

I have considered doing stuff like this as a retirement job. The money doesn't matter but nice to keep social. One buddy works at the golf course. He makes a few bucks and golfs for free! Have also thought about driving for Uber as I just think it would be fun.
by LarryAllen
Mon Jan 01, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Law - Estate Plan considerations?
Replies: 7
Views: 713

Re: 2018 Tax Law - Estate Plan considerations?

Hi What changes would you make to your estate plan based on the new tax law? For those that already have their estate plan in place what would you have done differently if the new tax law was effective when you originally set it up? E.g. for those that were affected by prior estate tax exemption li...
by LarryAllen
Mon Jan 01, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 11
Views: 782

Re: Hawaii vacation suggestions

By far the best time to go to Maui is January/February. The whales are incredible. It's like whale soup there as they stop and breed. You literally can see whales breaching from your hotel room window. Plus it's not super busy. Lastly, and most importantly, it's warmer there than most anywhere. We h...
by LarryAllen
Sun Dec 31, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9205

Re: I Want to Buy a Horrible, Expensive Car

I'd wait a month or two and see if the concussion wears off by then. Seriously though, if you can't shake the itch, I would only lease one of those and only 2-3 years. Just know you'll be spending a ton of money to rent a fancy car. They are such pieces of junk. I have had several friends have one a...
by LarryAllen
Fri Dec 29, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3254

Re: Stopped Check 2018 Property Tax - Etiquette to County?

I am exhausted just reading the thread. I think I would have just paid it, tried to deduct it, and not thought more about it. Odds of audit are low and it's gray area at least. WAY too much work put in here in my opinion.
by LarryAllen
Mon Dec 25, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: manual car for new teen driver
Replies: 143
Views: 6455

Re: manual car for new teen driver

Stickshifts are the best. All people should know how to drive one in case of emergency.
by LarryAllen
Mon Dec 25, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19942

Re: Do you see a meaningful change in your income with new Tax Bill?

According to the calculator we'll save about $4k on income of $500k. Better than nothing but not going to change my lifestyle one way or the other. Sort of a non-issue. I guess, in a way, I will do what I am supposed to as we will probably spend that money as I do not envision changing my savings am...
by LarryAllen
Mon Dec 25, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17058

Re: Call the top! - Bitcoin

$227k
by LarryAllen
Sun Dec 24, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do Credit Card Companies Go After Crooks?
Replies: 15
Views: 6605

Re: Do Credit Card Companies Go After Crooks?

I have seen banks go after crooks (even family members) who use the ATM and/or write checks illegally.
by LarryAllen
Tue Dec 19, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Getting Charged a High Management Fee at Wells Fargo
Replies: 49
Views: 2945

Re: Getting Charged a High Management Fee at Wells Fargo

... 2) Would I be better off just moving elsewhere to a company with lower fees? I am used to TIAA/CREF and Vanguard's very low fees. However, I do have to say the Wells managed account has outperformed the equities portion of my TIAA by more than the commission this year. As for Vanguard since I'm...
by LarryAllen
Tue Dec 19, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Question re: Funeral
Replies: 18
Views: 2097

Re: Question re: Funeral

How about offer both!?

I am sorry for your loss.
by LarryAllen
Tue Dec 19, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stamp inheritance
Replies: 30
Views: 2872

Re: Stamp inheritance

Most likely they are worth less than the cost of an appraisal. However, maybe you have some rare gem!?

If not too many stamps you can check Ebay closed auctions to see if any value.
by LarryAllen
Tue Dec 19, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Grant Cardone suggests to set 9 exceptions for taxes
Replies: 18
Views: 1818

Re: Grant Cardone suggests to set 9 exceptions for taxes

I like Grant Cardone but he tends to be aggressive from what I have heard on his podcasts. I would probably think this advice works great for Grant Cardone but that doesn't mean it is the right answer for all. I sleep poorly enough so need to simplify life the most I can.
by LarryAllen
Mon Dec 18, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 8949

Re: How much do you spend on food per month, per person?

Family of 4. We spend $16k at the grocery store and about $12k at restaurants per year. Too much!
by LarryAllen
Fri Dec 15, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3810

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I personally think a person should work their butt off for about 20 years before they get a sabbatical but maybe I am old school. At 30 you haven't even really worked that hard or made very much money yet (usually). I'd work another 10-15 years and work HARD! Earn your time off.
by LarryAllen
Thu Dec 14, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: How to find a good realtor that negotiates well
Replies: 21
Views: 1409

Re: How to find a good realtor that negotiates well

Are you in a buyers market or sellers market where you are? In general, with sale comps and other listing prices being pretty transparent on the internet, there isn't much negotiating a realtor can do nowadays. I would say that is inaccurate. Every single transaction offers the ability for a good n...
by LarryAllen
Tue Dec 12, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1438

Re: NBA Tickets

Some many scammers out there I would stay away from scalpers and CL. I would just do Stubhub the day of the game. Some cities have very low priced tickets on game day against a bad team. Don't be scared of scalping tickets...I've bought from scalpers all over the country for all sports and I've nev...
by LarryAllen
Tue Dec 12, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Cheap tablet just for internet surfing
Replies: 46
Views: 4775

Re: Cheap tablet just for internet surfing

Watty wrote:
Tue Dec 12, 2017 9:31 am
An inexpensive Chromebook would be another option to consider.

The screen would likely be bigger and having a keyboard would work better for sending emails.
+1
by LarryAllen
Tue Dec 12, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: NBA Tickets
Replies: 24
Views: 1438

Re: NBA Tickets

Some many scammers out there I would stay away from scalpers and CL. I would just do Stubhub the day of the game. Some cities have very low priced tickets on game day against a bad team.
by LarryAllen
Mon Dec 11, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7986

Re: Done gone and did it [Retire]

Wooooo whoooooo! Party on!

Congrats and good luck!
by LarryAllen
Wed Dec 06, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: I received a speeding ticket via mail from IA - should I pay it?
Replies: 72
Views: 5063

Re: I received a speeding ticket via mail from IA - should I pay it?

I am not sure why there is any doubt on paying this. Man up and pay it.
by LarryAllen
Wed Dec 06, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 3770

Re: Vegas on a budget

It's not the cheapest but El Dorado Cantina is the best Mexican place. Funky location but well worth the awkwardness of the location. There is nothing cheap and decent near the strip. Lots of deals downtown but I personally don't like downtown. Secret Pizza at the Cosmo is sort of fun for a quick sl...
by LarryAllen
Mon Dec 04, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 9696

Re: What did you do right?

Good: Married well (like minded in most areas and flexible in the areas we aren't like minded); Have always sent a few extra bucks to the mortgage company (generally 5-20% of mortgage payment); Have maxed out IRAs, 401ks, or other options every year I have worked; Started 529 accounts within months ...
by LarryAllen
Mon Dec 04, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1737

Re: Umbrella insurance when assets mainly in trusts

No matter what kind of trusts, LLCs, etc... one has they should always have an umbrella policy. What about protecting income? An umbrella is too cheap not too have.
by LarryAllen
Fri Dec 01, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4763

Re: I Can "Afford" This Right? (New Car)

I would wait a month. If you still really want it go shopping Dec 30/31. They really do give better deals at year end in my experience.
by LarryAllen
Thu Nov 30, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 16671

Re: A good friend has nearly $1M in BitCoin what do I tell him?

I have a very good friend in similar position. His investment was probably $50k and now probably $1.5m. Bit and other cryptos. I have suggested he take some off the table but ultimately it's his game. He follows it carefully. Has sold one coin to buy a different but, for the most part, has let it ri...
by LarryAllen
Wed Nov 29, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Best strategy for selling cell phone on Ebay?
Replies: 33
Views: 1957

Re: Best strategy for selling cell phone on Ebay?

I have sold phones on Ebay and had no problems. If you don't have a fair amount of feedback though I wouldn't sell it. You need to look like a reputable seller. I usually do free postage for something small like that like since you can mail it pretty cheap. Or do flat $5 which would cover most of th...
by LarryAllen
Wed Nov 29, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5735

Re: When to tell the SO about my financial situation?

If anything I would significantly under estimate what you have. Basically factor in the next market correction whenever you do tell her. However, no rush.
by LarryAllen
Tue Nov 28, 2017 5:46 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5442

Re: Etiquette question: going out to dinner with friends and how to split the bill

I feel funny splitting the bill so I usually just try to pick it up. I pay more than my share over the long haul but whatever life is too short. That's just me. My wife prefers splitting the bill and does so if I am not there. Lol.
by LarryAllen
Tue Nov 28, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8865

Re: Can I afford a $1,400,000 house

I am confused on income. What do you each make now including bonuses? Right now $330k + $56K. In 8 months spuose's income goes to 320k + bonus I would say you don't make enough. I would save more. I think you will be house poor. Really? The mortgage payment is high but collectively they'll make 650...
by LarryAllen
Mon Nov 27, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8865

Re: Can I afford a $1,400,000 house

anon1212 wrote:
Mon Nov 27, 2017 8:20 pm
LarryAllen wrote:
Mon Nov 27, 2017 7:56 pm
I am confused on income. What do you each make now including bonuses?
Right now $330k + $56K.
In 8 months spuose's income goes to 320k + bonus
I would say you don't make enough. I would save more. I think you will be house poor.
by LarryAllen
Mon Nov 27, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8865

Re: Can I afford a $1,400,000 house

I am confused on income. What do you each make now including bonuses?
by LarryAllen
Mon Nov 27, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5305

Re: Inheriting a large sum, slightly intimidated.

You are so smart to be here asking questions. My #1 bit of advice is worry more about your spending and by that I mean do not change a thing. Live on your income. You'll be able to retire young. You will be very set between this nest egg and your police pension. I am envious. Beyond that a nice mix ...
by LarryAllen
Mon Nov 27, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Amend 2015 taxes based on a new K-1 two years later?
Replies: 35
Views: 1853

Re: Amend 2015 taxes based on a new K-1 two years later?

The $7,500 should have been tax free. The only time the whole inheritance might be subject to tax is when it comes out of an IRA or something but in those cases the financial company would have sent the K1 I should think!? Was this IRA money paid to the estate? In 99% of inheritance cases the inheri...
by LarryAllen
Sun Nov 26, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 18316

Re: The fallacy of spending money on "experiences" vs hard assets

Imo, Good misconception on the original post. Try spending 3 weeks in italy or spain or thailand and see how your perspective of life changes. Your vacation or experience spending never returns a negative yeild, whereas some of your hard assets like stocks, real estate can crash and be pennies on t...
by LarryAllen
Sun Nov 26, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 18316

Re: The fallacy of spending money on "experiences" vs hard assets

Obviously we are all different but for me it's experiences all the way. I am glad the media has hyped this up as I don't feel as bad for how much we spend on travel now. I have had very expensive sports cars but rarely got that "wow, I feel so excited every time I get behind the wheel" feeling. For ...
by LarryAllen
Fri Nov 24, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5733

Re: Etiquette question: Paying for meals out & out of town guests

We had similar but the out of town guests didn't reach for their wallets even so you got it good! Lol.
by LarryAllen
Fri Nov 24, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 5028

Re: if you could use only 1 investment firm...

Merrill. I have been most impressed by them at all levels and the Bank of America connection allows for seamless banking. Not good if you like trading stocks as the fees are high. However, for buy and hold it's great All you need is 50k in assets to get 30 trades/month and 100k gets you 100/month. ...
by LarryAllen
Fri Nov 24, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Lynch wants personal info--How to deal
Replies: 33
Views: 3395

Re: Merrill Lynch wants personal info--How to deal

I would just check boxes and not worry about it. The odds are nobody will ever look at it.