Search found 313 matches

by Iridium
Fri Jan 18, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Vaca car rental - commercial v 'personal'?
Replies: 4
Views: 260

Re: Vaca car rental - commercial v 'personal'?

Interesting... I wouldn't count on any credit card rental car insurance. However, if you have comprehensive and collision on your own car, your insurance should cover whatever his/hers does not (and there is a high probability the car's insurance will not pay a dime). Is this in the US and you are a...
by Iridium
Thu Jan 17, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2454

Re: How long until we see negative ER funds?

I saw a suggestion that the index would be less tax efficient for those holding in taxable accounts. I did not sign into it to get the details, so I have no opinion. That is almost certain to be the case, as compared to Vanguard. Vanguard has a patent for structuring ETF and mutual funds, such that...
by Iridium
Thu Jan 17, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2454

Re: How long until we see negative ER funds?

I have not seen a straight answer from Fidelity as to what happens to lending revenue. Given the persistent questions about it, I ASSUME if Fido were committing to handle lending revenue as Vanguard does they would say so. Per the securities lending section of this prospectus: https://www.sec.gov/A...
by Iridium
Thu Jan 17, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2454

Re: How long until we see negative ER funds?

I don't agree with the cookie in the branch analogy. It's the money. I go into a bank with my money and deposit it. They pay me interest. They're taking my money and making more than they pay me by providing mortgages, car loans, student loans and other services. They're also providing a service by...
by Iridium
Thu Jan 17, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2454

Re: How long until we see negative ER funds?

I do not think the side income actually nets Fidelity all that much. The benefit of what you describe largely accrues to the fund. I find reading Schwab's annual report most instructive for how the mutual fund market works these days: index fund providers are essentially banks these days and the ind...
by Iridium
Wed Jan 16, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle Fraud? But how? What now?
Replies: 32
Views: 3166

Re: Zelle Fraud? But how? What now?

Wow, not impressed by the description of Capital One's reaction :shock: ! It sounds like the problem is in their systems, not in anything that you did. I will withhold judgement until the end of the investigation. In a day they are unlikely to know very much. Closing the account would be the right ...
by Iridium
Wed Jan 16, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Question about co-signing mortgage beyond just mortgage liability
Replies: 13
Views: 846

Re: Question about co-signing mortgage beyond just mortgage liability

I'm thinking something like someone gets hurt on property and sues over and above what the insurance would pay. Since my mother is a co-owner (although not living there), does that expose her to risk, specifically against her other assets? My mother owns her property outright, and has pension and s...
by Iridium
Wed Jan 16, 2019 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 60
Views: 5721

Re: Furloughed Fed Employee - How to make best use of time

Great idea about driving for Uber, but wonder will the government check. I don’t think you can go on travel just in case of a moment notice to be at work immediately. I think that driving for Uber (or any other job one can quit on short notice) would be perfectly permissible. That being said, if I ...
by Iridium
Tue Jan 15, 2019 9:19 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 163
Views: 8848

Re: Are You Dumping Netflix?

Netflix went down so much during one time price hike in 2011. It went from $38 to $10/share, they reversed the price hike immediately after the backlash. Now we had 2 more price hikes, everyone is happy and wants to throw more money at them, the stock goes up 6% to $350 LMAO. Time has changed. Imag...
by Iridium
Tue Jan 15, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Govt contractors what would you do
Replies: 7
Views: 1064

Re: Govt contractors what would you do

I am a bit unclear on a few things: 1) Do you have employees or is it just you? 2) Do you have other clients who are open or are all of your clients shut down? 3) How much, if any work did you do in January? 4) Is your question mostly about how much salary you are required to take from a pass-throug...
by Iridium
Tue Jan 15, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6527

Re: A co-worker makes more than me

Honestly, I cannot imagine much good coming of comparing your salary to colleagues, both from a negotiating standpoint as well as a mental health standpoint. The difference may be smaller than you are thinking: regardless of what you do, your raise at your salary review meeting will decrease the dif...
by Iridium
Tue Jan 15, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: HO-6 Condo insurance - Coverage D "Loss of Use"
Replies: 6
Views: 518

Re: HO-6 Condo insurance - Coverage D "Loss of Use"

If the cap on living expenses is too low for comfort, I would ask the second insurance company for a quote with a higher limit on coverage D. Think of the $2K limit as the 'included' amount; they should be able to quote you what it would cost to boost that number to $3.5K / month. In all likelihood,...
by Iridium
Mon Jan 14, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Should I get umbrella liability insurance?
Replies: 55
Views: 4469

Re: Should I get umbrella liability insurance?

The amount of umbrella insurance depends on how much protection you need — all asset values minus protected assets (401k). Round up to the next higher million Umbrella insurance costs 200-250 or so for the first 1 million and scales up nonlinearly by little for each incremental million (2 million u...
by Iridium
Sat Jan 12, 2019 1:14 am
Forum: Personal Consumer Issues
Topic: Should I get umbrella liability insurance?
Replies: 55
Views: 4469

Re: Should I get umbrella liability insurance?

I'm thinking of getting umbrella liability insurance. I currently have auto and homeowner policies. What is the minimum liability limits for these policies to get an umbrella? I'm guessing $100k/300k for auto isn't enough to get an umbrella, but maybe $250k/500k is enough? Or does it vary case-by-c...
by Iridium
Fri Jan 11, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Geek Squad Wait Time
Replies: 13
Views: 1161

Re: Geek Squad Wait Time

Microsoft Store has one from Microsoft (called Microsoft Complete, I think?). My mother bought the service, but I think she only ever used it for the in-store training (if you are near one of their stores, the service actually looks pretty nice). She did use and was reasonably happy with Comodo, whi...
by Iridium
Fri Jan 11, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3678

Re: Company relocating and not interested - next steps ?

In the mean time I am turning away feelers for other job options due to either also requiring relocation or even if local, same/lower paying in some cases. If you get a feeler for a local job at similar pay, that sounds like the ideal solution. You are just looking to maintain status quo and have n...
by Iridium
Fri Jan 11, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: Is snp charging too much fees for indexing? [Standard-n-Poor index]
Replies: 18
Views: 1201

Re: Is snp charging too much fees for indexing?

You might find this article interesting: https://www.marketwatch.com/story/vanguard-sp-in-dispute-over-500-use-2001-09-05 The expense ratio of the fund will include the fee to the index provider, so if the ER on the fund is reasonable, then it is not a bad fund. That being said, Vanguard has been tr...
by Iridium
Fri Jan 11, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Should I get umbrella liability insurance?
Replies: 55
Views: 4469

Re: Should I get umbrella liability insurance?

I'm less enthusiastic about insurance than others apparently. I only buy insure to protect myself from liability I can't afford to pay. Renter's insurance? Why? Because it protects you from liabilities you cannot afford. While it is true that driving is the most dangerous thing you do, that does no...
by Iridium
Fri Jan 11, 2019 12:56 am
Forum: Investing - Help with Personal Investments
Topic: What are these secret vanguard index trust?
Replies: 11
Views: 1344

Re: What are these secret vanguard index trust?

They are almost certainly collective investment trusts . The difference with the corresponding mutual fund is miniscule. They get to take advantage of sightly different regulations because they are not sold outside of retirement plans which might lower their expense ratio by a miniscule amount. From...
by Iridium
Thu Jan 10, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: Should I get umbrella liability insurance?
Replies: 55
Views: 4469

Re: Should I get umbrella liability insurance?

While asset-wise, you are essentially judgement-proof (your IRAs are protected up to a bit over a million dollars and your 401ks are totally covered for bankruptcy), you have plenty of income to be garnished, until you file for Chapter 13 bankruptcy, which grants your creditors the vast majority of ...
by Iridium
Wed Jan 09, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on secular donations & time donations
Replies: 22
Views: 1192

Re: Suggestions on secular donations & time donations

On the time side, my main charitable volunteering is coaching a FIRST robotics team at the local high school. On top of being generally a good experience, where the volunteers largely run the program, I am really in tune with the national organization's philosophy and approach. In addition to charit...
by Iridium
Tue Jan 08, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trusting Up
Replies: 8
Views: 845

Re: Trusting Up

As Smackboy mentioned, GRAT is similar to what you are trying to accomplish: you gift the asset, with the provision that some amount of the asset go back to you over a set number of years. After those years, the residual goes to the beneficiary. They are extremely useful for those with giant estates...
by Iridium
Wed Dec 26, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Supplementary LT Disability Insurance with a group policy
Replies: 3
Views: 379

Re: Supplementary LT Disability Insurance with a group policy

Beyond the basics, I am really not sure one can usefully generalize. Would be far better to post the company you are looking at. 1) If I get an SDI policy with a future purchase option rider, can I later change it to a normal, non-supplementary policy when I leave my current job (for a corresponding...
by Iridium
Wed Dec 26, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Is there something weird in bond-land?
Replies: 14
Views: 1480

Re: Is there something weird in bond-land?

Traditionally, bond funds are considered to be partially correlated with equities. They are most certainly not negatively correlated over the long term. The key with bonds is their much lower volatility; the fact that they occasionally move opposite equities is a bonus. So, I would say more recent e...
by Iridium
Sat Dec 22, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: How market timing will go wrong?
Replies: 62
Views: 3895

Re: How market timing will go wrong?

Since the market is going down That word is the heart of the problem. The proper word is 'went'. There is no evidence that the market will continue going down. It might continue going down or it might not. For every seller, there must be a buyer, and experts exist on both sides of the trade. When e...
by Iridium
Fri Dec 21, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9751

Re: When did the musicians on the titanic realize their fate?

What are the conditions where people on this site become concerned? Everyone can talk about staying the course etc, but even the most diehard buy and hold must have some loss limit or set of conditions (stocks and bonds fall together) where they become a little concerned. Twenty percent drops are n...
by Iridium
Tue Dec 18, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: can AT&T limit coverage for consumer cellular customers (CC uses AT&T towers)
Replies: 13
Views: 1162

Re: can AT&T limit coverage for consumer cellular customers (CC uses AT&T towers)

Is that even possible? Is there a comprehensible was to explain way to explain why or why not? It is almost certainly possible. Cellular networks can relate just about anything back to the associated SIM and tower. At minimum, the network could see that a Consumer Cellular SIM was attempting to att...
by Iridium
Sun Dec 16, 2018 1:23 am
Forum: Investing - Theory, News & General
Topic: Can Vanguard freeze mutual fund redemptions during times of duress?
Replies: 14
Views: 3177

Re: Can Vanguard freeze mutual fund redemptions during times of duress?

By regulation, all retail money market funds have a provision that the fund can delay withdrawals for up to a week. I am not aware of any similar provision for other funds. There are probably some situations where it might happen anyway, such as suspected fraud on the part of the fund or a total bre...
by Iridium
Sat Dec 08, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: Microsoft : Edge Being Replaced by Chromium
Replies: 15
Views: 1740

Re: Microsoft : Edge Being Replaced by Chromium

For various reasons I just read that Microsoft is replacing Edge with Chromium - does anyone know when and how ? via Windows Update ?? This is essentially Microsoft granting google a monopoly on browser technology. Really bad for everyone. (Except google.) At minimum, it is good for web developers,...
by Iridium
Sat Dec 08, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Is a company's stock buyback optional or mandatory for individual shareholders?
Replies: 7
Views: 661

Re: Is a company's stock buyback optional or mandatory for individual shareholders?

Optional. For publicly traded companies they would usually just buy shares on the open market. While the buyback is announced as a single event, in reality they usually take place over months. For private companies, I would expect they would make a tender offer to all shareholders, but acceptance of...
by Iridium
Sat Dec 08, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Any way to trade land without paying taxes or exchanging funds?
Replies: 19
Views: 1463

Re: Any way to trade land without paying taxes or exchanging funds?

Investment real estate has an option called a '1031 exchange' which essentially allows one to sell a property and buy a new one within a certain period of time and not pay capital gains (the basis of the old property would carry over). It may not be workable in your case, either because the property...
by Iridium
Thu Dec 06, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 48
Views: 4984

Re: Best online banking accounts?

As a Vanguard Advantage Account holder I'm surprised that they have such little support. I wonder if they will discontinue it since they certainly don't promote it and make it hard to find on their web site. I like having check writing on the Fed Mondy market account. Awhile ago I was going to use ...
by Iridium
Sat Dec 01, 2018 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Holding mortgages for liability reasons
Replies: 8
Views: 1196

Re: Holding mortgages for liability reasons

I own multiple properties all with small mortgages of 150k and under. From a liability perspective am I better off knocking them all down to say 50k, rather than paying them all off? BTW I have a large umbrella policy There are two things we need to know: 1) How is the ownership structured? Is each...
by Iridium
Sat Dec 01, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: To jump or stay in current company
Replies: 14
Views: 979

Re: To jump or stay in current company

The whole situation seems really strange to me... These days, I would suspect that even the best companies would struggle to keep their employee turnover below 10%/year. A company with an announced layoff plan lasting years is going to have WAY higher turnover. Well...except they sort of stepped on ...
by Iridium
Tue Nov 27, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Employeer taking vacation days on public holidays - is this legal or normal?
Replies: 99
Views: 7540

Re: Employeer taking vacation days on public holidays - is this legal or normal?

We have a tripped planned to visit family over Christmas and New Year’s, owner plans on debiting my wife a vacation day for Christmas Day and New Years Day when the practice is closed as well as for the Saturday’s she is away (one she was due to work, so we agree with that the other was her off Sat...
by Iridium
Sun Nov 25, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Advisor Perspectives Article: Are You Paying For Liquidity You Don’t Need?
Replies: 45
Views: 3340

Re: Advisor Perspectives Article: Are You Paying For Liquidity You Don’t Need?

Without liquidity, can individuals free ride on price discovery? The problem with the vast majority of the suggested illiquid asset classes is that it seems nearly impossible to determine if you are getting a fair price be for the underlying asset, as there is, almost by definition, a thin market fo...
by Iridium
Sun Nov 18, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?
Replies: 7
Views: 746

Re: Insurance Help - 80% Co-Insurance - Grandmother's Payout Amount?

Based on what you have posted, I do not believe coinsurance will be a problem for you. At first glance, this appears to be a total loss that will have the insurance company paying out the full policy limit on the dwelling. Unfortunately, beyond that the numbers do not make any sense. They are report...
by Iridium
Sat Nov 17, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 37
Views: 4525

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

I appreciate the advice. Doing this 401k plan would just be for retirement right? I wouldnt be able to withdraw until I am 59.5 i believe is what it says. How will putting money into that now help me not live paycheck to paycheck? I am trying to get through school so I can start my career, just wan...
by Iridium
Mon Nov 05, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance
Replies: 15
Views: 2030

Re: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance

Earlier this year (February renewal date) I tried to get the broker to reduce the cost of the policy by figuring out what I could drop (if anything). This went nowhere - every time I cut one thing, another thing increased. It was incredibly frustrating (I went back on forth with the broker for week...
by Iridium
Sun Oct 28, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 3896

Re: How To Handle Auto Accident Insurance Company Letter

My DW was recently involved in an Auto Accident in New Jersey and the Other Driver was at fault. The Other driver's insurance company sent a letter asking her to contact them as soon as possible to possibly file bodily injury claim with them. Our question is whether we need to utilize a Personal In...
by Iridium
Fri Oct 26, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: If I contributed 30k to a 529 last year, but contributed more this year, will I be penalized?
Replies: 13
Views: 1467

Re: If I contributed 30k to a 529 last year, but contributed more this year, will I be penalized?

Given how we contributed over the limits—what's going to happen with the normally tax-free growth? Or is there really no "limit" on this front, and the only limits are purely around the contribution tax deduction? For IRAs, for example, I know there's a penalty of 6% of the excess money per year un...
by Iridium
Wed Oct 24, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-market trading with Merrill Edge. Newbie mistake :(
Replies: 15
Views: 1531

Re: Pre-market trading with Merrill Edge. Newbie mistake :(

Seriously?? Why would someone need to specify it as a pre-market order?? If I placed it at 5:30 in the morning, it should go without saying that I would want it to execute at any time after I placed the order! It seems completely redundant to me that I should have to "specify" it as a pre-market tr...
by Iridium
Tue Oct 23, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP purchase doesn't add up
Replies: 12
Views: 896

Re: ESPP purchase doesn't add up

The only way it makes any sense at all to me is if they charged you a ~$6 commission for purchasing the shares, which would be pretty bizarre. I would expect that all the reports are generated automatically, which makes it so odd that there appears to be a math mistake. I even tried some of the for...
by Iridium
Tue Oct 23, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP purchase doesn't add up
Replies: 12
Views: 896

Re: ESPP purchase doesn't add up

The only way it makes any sense at all to me is if they charged you a ~$6 commission for purchasing the shares, which would be pretty bizarre. I would expect that all the reports are generated automatically, which makes it so odd that there appears to be a math mistake. I even tried some of the form...
by Iridium
Mon Oct 22, 2018 4:17 am
Forum: Investing - Help with Personal Investments
Topic: Any government guaranteed money market funds available?
Replies: 8
Views: 1004

Re: Any government guaranteed money market funds available?

Hello, I wanted to know if there are any U.S. government guaranteed money market funds available? <Snip> I know about Ally bank and Synchrony. I am looking to invest a sum of cash that would pay a competitive interest rate and would be guaranteed by the U.S. government. Thank you. A government guar...
by Iridium
Fri Oct 19, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: How to recognize loss on $0.00 call option
Replies: 7
Views: 623

Re: How to recognize loss on $0.00 call option

Contact your broker. I believe that the vast majority have a way for you to give worthless assets to them (this is common in bankruptcies when it is clear the common shares won't get anything, but the liquidation drags on for years). Ask about the fee, as it may not be free. Edit: I am assuming that...
by Iridium
Tue Oct 09, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: How to get paid for announcing your buying schedule commitment on pre-set date (no pre-set price) ?
Replies: 5
Views: 679

Re: How to get paid for announcing your buying schedule commitment on pre-set date (no pre-set price) ?

Unless you are willing to take the equity risk starting today, I do not see a way to get paid for committing to purchase at market price on a particular day. Rather than paying you to commit to purchasing shares at the closing price, the seller can simply participate in the closing cross and get the...
by Iridium
Tue Oct 09, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive
Replies: 17
Views: 1806

Re: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive

Also $500 is a scratch. If you got rear-ended and anything got bent or broken it was close to $5000. You were lucky you didn't get hit with loss-of-use, which your card wouldn't have covered. Fidelity visa covers loss-of-use; even Amex platinum doesn't "Covered losses include: • Physical damage and...
by Iridium
Mon Oct 08, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: ESPP Discount Tax in plain English
Replies: 4
Views: 428

Re: ESPP Discount Tax in plain English

There are two different definitions of bargain element TurboTax neglected to mention: Qualifying: Market price at end of purchase period - price paid Disqualifying: Market price at beginning of purchase period - price paid The benefit is subtle, but since stock prices rise over time, the qualifying ...
by Iridium
Thu Oct 04, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance: Is this a Qualifying Life Event (QLE)
Replies: 9
Views: 724

Re: Health Insurance: Is this a Qualifying Life Event (QLE)

Interesting question. Is your wife in or about to start an open enrollment period, or is this a mid-plan year change? This site: https://khn.org/news/switching-to-a-spouses-plan-can-be-difficult-if-timing-isnt-right/ claims it is up to your employer whether to count 'spouse open enrollment' as a QLE.