Search found 424 matches

by lgs88
Sun May 24, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: Remote teaching a 15 year old [about stocks]
Replies: 30
Views: 1203

Re: Remote teaching a 15 year old

As for reading, start with his interests. Try a biography of Teddy Roosevelt. That man loved hunting. Start with "The Rise of Theodore Roosevelt" by Edmund Morris. Can you expand a bit on why you chose that particular book? It is a thick book(s), which in of itself is not a problem. I just want to ...
by lgs88
Fri May 22, 2020 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 255
Views: 16298

Re: The axe falls and I am prepared. What's next?

KlangFool,

I've always appreciated reading about your conservative approach to wealth management, amid all the 100% stock go-go bulls of the Bogleheads forum. You helped me feel OK about taking some risk off the table. Glad to see you're well-prepared for this. Bravo, and good luck to you.

lgs88
by lgs88
Fri May 22, 2020 9:52 am
Forum: Personal Consumer Issues
Topic: Remote teaching a 15 year old [about stocks]
Replies: 30
Views: 1203

Re: Remote teaching a 15 year old

... I am getting a sense he is struggling in school. He is not academic, nor is his immediate family. He does not have much direction or drive, and I don't think his parents are pushing him to excel. His high school is failing - overcrowded, underfunded, and has other issues. Multiple property taxe...
by lgs88
Fri May 22, 2020 9:37 am
Forum: Personal Consumer Issues
Topic: Access to cabin blower fan for 2003 Ford Ranger
Replies: 7
Views: 323

Re: Access to cabin blower fan for 2003 Ford Ranger

Buy the manual, fix the fan, and keep driving 'er. These are easy to work on. I love my Ranger (of similar vintage). She's coming up on 200,000 miles with hardly a stutter.
by lgs88
Tue May 19, 2020 9:06 pm
Forum: Personal Investments
Topic: 80/20, 90/10, 100/0 for a low net worth accumulator?
Replies: 36
Views: 2008

Re: 80/20, 90/10, 100/0 for a low net worth accumulator?

Won't make a whit of difference.

The difference between 80/20 and 100/0 will be swamped by your savings rate. Ever-higher stock allocations add more volatility than they do return.

I'm young and 75/25, and that works for me.
by lgs88
Fri May 15, 2020 2:19 pm
Forum: Personal Consumer Issues
Topic: Must carry more than one credit card
Replies: 53
Views: 3403

Re: Must carry more than one credit card

Good advice. I carry an Amex for most of my spending and a Visa for places that don’t take Amex, which I seem to encounter a couple of times a month. Works for me. Sorry to hear about your hassle.
by lgs88
Tue May 12, 2020 9:39 am
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

The deal was consummated, and I sold Abbvie this morning. Thanks to all for their assistance.
by lgs88
Mon May 11, 2020 9:11 pm
Forum: Personal Consumer Issues
Topic: Regret Concept 2 Model D purchase
Replies: 24
Views: 2582

Re: Regret Concept 2 Model D purchase

If you regret it, you can turn right around and sell it for close to what you paid. Those things hold their value remarkably well.

If you're new to it, it'll take some getting used to. It doesn't come quite as naturally as using a stationary bike or treadmill. Watch some videos and stick with it.
by lgs88
Sun May 10, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Intera
Replies: 8
Views: 1849

Re: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Int

These customers are so lucky that Interactive screwed up. It's not clear to me that even if Interactive's software was working properly, it would have cleared these customers out of their positions in time to prevent massive losses. Interactive's "glitch" is manna from heaven for these folks -- and ...
by lgs88
Tue May 05, 2020 10:13 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

kxl19 wrote:
Tue May 05, 2020 10:06 pm
...
I hope your plan after the acquisition is to diversify out of AbbVie.
Yes, that's the plan. The really brilliant idea would've been to sell Allergan five years ago when it was trading north of $300 -- hindsight is 20/20.
by lgs88
Tue May 05, 2020 9:20 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

I ended up standing pat, and the FTC greenlit the merger this evening. I was lucky rather than smart -- which balances out, in some small way, the decision I made to invest a very large lump sum in the market this past February 18th.

Thanks to all for their input.
by lgs88
Sat May 02, 2020 11:34 am
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway is hammered
Replies: 60
Views: 11826

Re: Berkshire Hathaway is hammered

Interestingly enough, everything non-TSM that I own (other than intermediate Treasuries) has underperformed TSM in this COVID pileup -- BRKB, small-cap value, and international.
by lgs88
Wed Apr 29, 2020 2:32 pm
Forum: Personal Investments
Topic: Did I Royally [mess up] spending $450 on USO today? Bought at $3.84 a piece
Replies: 38
Views: 4976

Re: Did I Royally [mess up] spending $450 on USO today? Bought at $3.84 a piece

If you bought at $3.84 each and kept it - it's up to $17.00 per share. So, you did great !!! https://finance.yahoo.com/quote/USO It had an 8:1 reverse split. Link: https://www.prnewswire.com/news-releases/uscf-announces-one-for-eight-reverse-share-split-for-the-united-states-oil-fund-nyse-arca-uso-...
by lgs88
Tue Apr 28, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18403

Re: Munis getting slaughtered!

typical.investor wrote:
Tue Apr 28, 2020 8:32 pm
Many Universities will never reopen? Really? I see we are in the dark ages now.
I could certainly see non-flagship state schools -- many of which were already in dire straits -- failing to reopen should closures be extended through the fall. It's not inconceivable to me.
by lgs88
Tue Apr 28, 2020 8:19 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18403

Re: Munis getting slaughtered!

It is often said that highly-rated municipal bonds survived the Great Depression with very few defaults. I have taken heart in that assertion. However, I was reading Matt Stoller's non-investment-related newsletter today, and it included a letter from a former bond fund manager: "There were relative...
by lgs88
Sun Apr 26, 2020 6:10 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Quantitative Easing
Replies: 22
Views: 2104

Re: Help me understand Quantitative Easing

... At original issue banks do not buy Treausrys from the Fed. It can be confusing because the Fed conducts the primary market auctions, but is legally barred from bidding in them. It isn't the seller. It's the auctioneer. Not long ago the Fed eliminated reserve requirements entirely, which is with...
by lgs88
Fri Apr 24, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 24302

Re: IRS Get My Payment up and running

montanagirl wrote:
Fri Apr 24, 2020 10:35 am
I tried to start with my 2018 info when I owed 30, but site said it didn't match their records.

So I tried 2019 when I owed 0 and got technical difficulties again..
No dice for me either -- I'm also a Montanan. Wonder if we're having state-specific issues!
by lgs88
Wed Apr 22, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: Where is the government getting the stimulus money from? Do they have to pay it back?
Replies: 14
Views: 1499

Re: Where is the government getting the stimulus money from? Do they have to pay it back?

I’ve been searching for answers on this and I cannot seem to find anything. How is the American government generating the money for the stimulus? Are they just simply printing more money? Are they issuing bonds? Does the money the government provides need to be paid back in the sense that it’s cons...
by lgs88
Wed Apr 22, 2020 1:32 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Re: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

Mountain Doc and jbmke,

Thanks for your input. I will think about the charity planning aspects.

lgs88
by lgs88
Wed Apr 22, 2020 12:04 pm
Forum: Personal Investments
Topic: Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?
Replies: 8
Views: 930

Large pharma stock (Allergan) slated to be acquired. Large LTCG. Sell before deal closes?

Bogleheads, I'm writing for advice. I've got a concentrated position in Allergan, a pharmaceutical company slated to be acquired by AbbVie next month. It's about 10% of my portfolio, and nearly all of that (95%+) is long-term capital gain. That's why I've resisted selling it. However, I've been TLH'...
by lgs88
Sun Apr 19, 2020 7:10 pm
Forum: Investing - Theory, News & General
Topic: Neiman Marcus to file for bankruptcy
Replies: 67
Views: 6846

Re: Neiman Marcus to file for bankruptcy

I suspect this augurs a chain of collapses of private equity-owned firms. The very nature of private equity involves a) mountains of debt b) large payments in the form of special dividends and consulting fees to their private equity parent companies The combination of the two gobbles up cash. When t...
by lgs88
Fri Apr 17, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Upgrade Computer Before Law School?
Replies: 42
Views: 1865

Re: Upgrade Computer Before Law School?

awg75, Go for it. I'm in a similar boat -- a 2015 MacBook that's beginning to break down -- and I expect to pull the trigger on a new one soon. You're going to have a lot on your mind in law school. Why not remove "will my computer obliterate my term paper the night before it's due?" from the equati...
by lgs88
Tue Apr 14, 2020 4:26 pm
Forum: Personal Investments
Topic: International Growth (VWIGX) Outperformance
Replies: 28
Views: 1342

Re: International Growth (VWIGX) Outperformance

irishguy, Financial markets dogma is that past performance =/= future performance. That said, there are many devotees of Wellington, Wellesley, and PRIMECAP on this forum. VWIGX has, in fact, outperformed. I'm going to follow this thread, because it might just stimulate an interesting discussion! lg...
by lgs88
Mon Apr 13, 2020 10:04 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)
Replies: 27
Views: 1507

Re: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)

You probably can't do that with a CD. But if it's a short-term holding anyway, why worry about the yield? Especially if you want to use it as a cash position to fund ETF purchases, wouldn't you rather have it in a money-market mutual fund, so you only have to make one transaction (buying SPY) rathe...
by lgs88
Mon Apr 13, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)
Replies: 27
Views: 1507

Re: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)

Why not look at CDs instead? Because I can sell GBIL and 30 seconds later buy SPY. Shorter than that if I have two screens open. I want to buy $50k of XYZ ETF today and I want to buy it at 3:45 E. Tell me how I do that with a CD. You probably can't do that with a CD. But if it's a short-term holdin...
by lgs88
Mon Apr 13, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)
Replies: 27
Views: 1507

Re: Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) as an alternative to Vanguard Prime Money Market Fund (VMMXX)

I wouldn't reach for yield with your cash. I did, with ultra-short bond ETFs, and I got bit. GBIL is definitely a venal rather than a mortal sin -- after all, it's just short Treasuries -- but the principle still applies: take your lousy money market yield and be grateful for it! Not to mention that...
by lgs88
Sat Apr 11, 2020 8:00 pm
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Re: Your Investment Adviser’s Dirty Secret

I maintain that an AUM investment adviser can earn his/her fees by coaching clients to avoid behavioral errors in times of market turbulence. They’d be more honest to market themselves as financial-markets-therapists than stock-pickers... Many advisors, regardless of what they are charging, have sp...
by lgs88
Thu Apr 09, 2020 1:20 pm
Forum: Personal Investments
Topic: VDC - Can it tempt even a seasoned BH?
Replies: 22
Views: 1217

Re: VDC - Can it be questioned?

Thanks! It has underperformed in that period but only slightly and with a higher risk adjusted return. I think there's pretty compelling evidence (two very different crashes) to indicate that the fund's holdings tend to outperform in bear markets and hold their own in bulls. It is a fund that will ...
by lgs88
Thu Apr 09, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March
Replies: 66
Views: 6235

Re: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March

Wow. That's a heck of a return. I wonder, though, how it was invested to generate that return. What happens to it in a month when the market DOESN'T plunge 30%? Do you have to ante up 3% of your portfolio each month for plunge insurance? lgs88 Answered in the OP. AlphaLess, Sort of. "Spitznagel inc...
by lgs88
Thu Apr 09, 2020 11:06 am
Forum: Personal Investments
Topic: VDC - Can it tempt even a seasoned BH?
Replies: 22
Views: 1217

Re: VDC - Can it be questioned?

Thanks! It has underperformed in that period but only slightly and with a higher risk adjusted return. I think there's pretty compelling evidence (two very different crashes) to indicate that the fund's holdings tend to outperform in bear markets and hold their own in bulls. It is a fund that will ...
by lgs88
Thu Apr 09, 2020 10:28 am
Forum: Personal Investments
Topic: VDC - Can it tempt even a seasoned BH?
Replies: 22
Views: 1217

Re: VDC - Can it be questioned?

How does it compare to VOO and VTI? https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0....
by lgs88
Thu Apr 09, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2755

Re: NYT hit piece on Donor Advised Funds

Beyond the ability to stop my information from being sold to data-miners / aggressive fund raisers, our DAF helps us vet the charities to which we donate and avoid being scammed. This thread has focused on the benefits to donors provided by DAFs. What about the benefits to charities, which don't ha...
by lgs88
Thu Apr 09, 2020 8:19 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March
Replies: 66
Views: 6235

Re: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March

meh. Not my thing. I have been tracking things pretty closely during this downturn as a personal finance lesson. I wish I had done it during the GFC but I was too busy working and even more like "crash? what crash?" back then. A sample of two: DATE DOW S&P PORT Net Worth 3/21 -33.5% -29% -14% -10% ...
by lgs88
Thu Apr 09, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: NYT hit piece on Donor Advised Funds
Replies: 67
Views: 2755

Re: NYT hit piece on Donor Advised Funds

The Times is right. There should be at least a requirement for each one that such and such a percentage is actually given to charity in some reasonable time period, say every two years. That would avoid the crooked games they describe. While I agree in principle, I appreciate the present regulatory...
by lgs88
Thu Apr 09, 2020 7:32 am
Forum: Investing - Theory, News & General
Topic: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March
Replies: 66
Views: 6235

Re: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March

What's the drag on performance until the crash happens? What's the drag of a large bond position? Going forward.... positioning a portfolio like this.... or using a moving average system.... seems more reasonable to me than a large allocation to negative real return assets. That depends. We don’t k...
by lgs88
Wed Apr 08, 2020 11:26 pm
Forum: Investing - Theory, News & General
Topic: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March
Replies: 66
Views: 6235

Re: Nassim Taleb-Advised Universa Tail Fund Returned 3,600% in March

Wow. That's a heck of a return.

I wonder, though, how it was invested to generate that return. What happens to it in a month when the market DOESN'T plunge 30%? Do you have to ante up 3% of your portfolio each month for plunge insurance?

lgs88
by lgs88
Mon Apr 06, 2020 5:01 pm
Forum: Personal Investments
Topic: Tips on how to stop checking finances too often?
Replies: 29
Views: 1385

Re: Tips on how to stop checking finances too often?

What’s the issue here — is it a suck on your time and attention? Is it making you anxious? If you like to watch the numbers dance, maybe you could open yourself a play-money account with a few hundred bucks and trade penny stocks. That way, you get your market fix without having to watch the big-mon...
by lgs88
Sun Apr 05, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Re: Your Investment Adviser’s Dirty Secret

However, I maintain that an AUM investment adviser can earn his/her fees by coaching clients to avoid behavioral errors in times of market turbulence. They’d be more honest to market themselves as financial-markets-therapists than stock-pickers, but c’est la vie. If I ever get into the business, th...
by lgs88
Sun Apr 05, 2020 11:52 am
Forum: Investing - Theory, News & General
Topic: Your Investment Adviser’s Dirty Secret
Replies: 77
Views: 9596

Re: Your Investment Adviser’s Dirty Secret

Rick, This article is, no doubt, correct. However, I maintain that an AUM investment adviser can earn his/her fees by coaching clients to avoid behavioral errors in times of market turbulence. They’d be more honest to market themselves as financial-markets-therapists than stock-pickers, but c’est la...
by lgs88
Fri Apr 03, 2020 11:13 pm
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9512

Re: Why Do So Many Recommend 70% - 100% Stocks?

I believe my allocation is Moderately Conservative. That is basically no more than 40% stocks and the rest bonds. In addition, I make a good income so I'm putting a good amount away every year while also living a very minimalist lifestyle. If this still results in me "not being able to retire", the...
by lgs88
Wed Apr 01, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: Investing in stocks in the current market conditions: how and when would you do it?
Replies: 83
Views: 5799

Re: Investing in stocks in the current market conditions: how and when would you do it?

YRT70, Remember that this is as much an emotional management decision as a financial management decision. Think about regret minimization. I had a lump sum some multiple of the one you described. I knew that lump sum beat DCA about 2/3s of the time, and I wanted to make the financially optimal decis...
by lgs88
Wed Apr 01, 2020 9:50 pm
Forum: Personal Investments
Topic: Why would anyone buy Intermediate Term Treasury Bonds right now?
Replies: 34
Views: 2879

Re: Why would anyone buy Intermediate Term Treasury Bonds right now?

It’s a bit hyperbolic to say that there’s “a lot of downside” in the event interest rates rise. These are intermediate Treasuries. Last I checked, duration was around five years. It’s not like you’re fiddling with 20+ year bonds. Yes, VGIT COULD lose value if interest rates rise UNEXPECTEDLY — but ...
by lgs88
Wed Apr 01, 2020 7:58 pm
Forum: Personal Investments
Topic: Why would anyone buy Intermediate Term Treasury Bonds right now?
Replies: 34
Views: 2879

Re: Why would anyone buy Intermediate Term Treasury Bonds right now?

OP, VGIT is not CASH aka CD. Diversification is a good thing. If you exchange VGIT with CD, you are no longer investing in an asset class -> Ultra-safe bond. In a crisis, ultra-safe bond tends to do very well. CD does not give you that. I have both. I do not consider them as the same. KlangFool I a...
by lgs88
Tue Mar 31, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: Hedge against SCV underperformance?
Replies: 51
Views: 2009

Re: Hedge against SCV underperformance?

What's struck me about SCV (to which I maintain a small tilt, ~10% of my portfolio) is how it has seriously underperformed the broader market for nigh on two decades. You sure about that? It’s destroyed the broad market over the last two decades. Over the last decade it has underperformed but only ...
by lgs88
Tue Mar 31, 2020 10:15 pm
Forum: Investing - Theory, News & General
Topic: Hedge against SCV underperformance?
Replies: 51
Views: 2009

Re: Hedge against SCV underperformance?

Any hedge would move towards total market and thus reduce expected return. There’s no such thing as a free lunch. If you want the extra expected-return you need the increased risk. What's struck me about SCV (to which I maintain a small tilt, ~10% of my portfolio) is how it has seriously underperfo...
by lgs88
Tue Mar 31, 2020 7:18 pm
Forum: Investing - Theory, News & General
Topic: Macy’s dropped from s&p 500
Replies: 71
Views: 6965

Re: Macy’s dropped from s&p 500

A couple of weeks ago, they announced that they were delaying the rebalance of the index due to volatility. I don’t know if that has any bearing on this. Seems like they’re inviting frontrunning. https://www.barrons.com/articles/s-p-dow-jones-indices-delay-quarterly-index-rebalance-after-market-tumu...
by lgs88
Mon Mar 30, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Transferring 500k from bank to Fidelity - Any gotchas?
Replies: 6
Views: 543

Re: Transferring 500k from bank to Fidelity - Any gotchas?

I did this recently. Call Fidelity. They'll be thrilled to get their hands on the cash and will do anything they can to make it go smoothly. They pulled it out of my checking account from their end, and it was available for me to invest the very next day. Tragically, that day was February 18th, but ...
by lgs88
Sat Mar 28, 2020 8:19 am
Forum: Personal Investments
Topic: Tide went out and I was naked
Replies: 28
Views: 5402

Re: Tide went out and I was naked

I am not an expert on all of these alternatives, so I am going to focus on this idea of being “oversold.” During the financial crisis, I knew a guy who really believed in AIG. Great all-American company, mints money, etc. Well, he kept buying on the way down because it was oversold — all the way fro...
by lgs88
Fri Mar 27, 2020 4:26 pm
Forum: Investing - Theory, News & General
Topic: Where does $2 Trillion Come from?
Replies: 30
Views: 4402

Re: Where does $2 Trillion Come from?

Right now, the US government can borrow money for 30 years at ~1.26%. This tells me that there are plenty of people who want to lend money to the federal government.
by lgs88
Fri Mar 27, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: [CARES Act] Overview
Replies: 98
Views: 6412

Re: Trump signs $8.3 billion coronavirus package

What I'm curious on... is it a loan that we repay next year? How does it work? If we've been fortunate to hang onto our job, is there any incentive to ripping it up? Personally, I wouldn't feel right cashing it if I don't need it. MortgageOnBlack, The $1200 checks are targeted at ALL Americans who ...