Search found 64 matches

by nick2302
Wed Apr 04, 2018 6:36 am
Forum: Investing - Help with Personal Investments
Topic: SPOT [Investing in Spotify]
Replies: 45
Views: 2986

SPOT [Investing in Spotify]

Anyone have thoughts about Spotify? I am so tempted to jump in and buy some so I don't miss yet another internet darling. Other thoughts, ideas about this company?

Thanks in advance.
by nick2302
Wed Feb 21, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 56
Views: 10552

Re: <gulp> Expensive mistake

Think twice about using something like Mint or Personal Capital or any site that gathers all your account information. That is a disaster waiting to happen if they get hacked and you are the victim. If your fund as an online access where you can check your balance sign up for that and check once a m...
by nick2302
Wed Feb 21, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: The Age Old Question: Invest or Pay Down Student Loans
Replies: 8
Views: 759

Re: The Age Old Question: Invest or Pay Down Student Loans

If there is an employer match they should take advantage of that. Otherwise it is beans and rice and live as close to the bone as possible. No expensive cell phone plans, no fancy clothes or vacations. It is a drag but having that albatross around their neck is worse. Anytime there is found money li...
by nick2302
Wed Feb 21, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 7458

Re: personal capital

This is exactly why I do not trust ANY of these sites. Mint, and all the others can be hacked and all our accounts and everything are an open book for being hacked. Why would anyone think this is a good idea? It is totally beyond me.
by nick2302
Tue Feb 06, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

Nice problem to have. If that is your biggest problem you are a blessed individual.
by nick2302
Tue Feb 06, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

Admiral, Don't mean to argue but my accounts were not 50K higher 5 weeks ago? They are much more down than that.
by nick2302
Tue Feb 06, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: RBD-retiring in less than 4 weeks-rollover 401k
Replies: 8
Views: 736

Re: RBD-retiring in less than 4 weeks-rollover 401k

Yep, this is the year I plan on throwing in the towel. It makes it difficult to see this crash right when I am about to take the step. But as you said I too have enough FI to stay the course for the rest of this year. Next January will be a different story and I will have to realize the losses if th...
by nick2302
Tue Feb 06, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

Well now we are see maybe as much as a 20% correction. Today is going to be another massive drop. Hope everyone is pleased as punch that we are losing money from our retirement accounts like a hemorrhage. I have seen a50K drop in my investments and retirement account. Now I am not Happy and tired of...
by nick2302
Wed Jan 31, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

Now no one has to be tired of the continual rise in the market. Your accounts should have taken a good hit with the market drop. Now no one has to be tired any longer. Happy now?
by nick2302
Wed Jan 24, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Real Wealth Strategist
Replies: 4
Views: 817

Re: Real Wealth Strategist

That's what I kind of what I thought. I had a feeling this was a money collection from idiots.

Thank you
by nick2302
Wed Jan 24, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Real Wealth Strategist
Replies: 4
Views: 817

Real Wealth Strategist

Has anyone heard or have any experience with this investment solutions firm? I have a feeling it is another way to part a fool from his money but I thought it would be worth asking. https://pro.banyanhill.com/p/FREEDOM17/P190U148/?h=true https://orders.banyanhill.com/FREEDOM17/P190U148/index.htm?pag...
by nick2302
Tue Jan 09, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 2138

Re: What to do with RMD money

Thank you for the link. I thought they would be tax exempt. Silly me!!! Oh well they are similar to a CD that is for sure. I am assuming in an FDIC bank if you had enough money to reach 250K in CD's any additional money in other accounts could be subject to the bank failing. With the I Bonds only if...
by nick2302
Tue Jan 09, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

I believe the stock market is going to continue going up especially if the tax law change results in companies bringing their foreign held money back here and paying out dividends and doing stock buy backs. Once that spams works through then we may be ready for a bubble burst. There is no timing the...
by nick2302
Tue Jan 09, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 2138

Re: What to do with RMD money

Thanks to everyone who shared thoughts and gave suggestions. From what I have read I see that probably the I-Bonds or good old-fashioned CD's would be the best for her. Her RMD comes from an annuity she got talked into by a shyster financial advisor years ago. Then she has a Florida pension I forget...
by nick2302
Sun Jan 07, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 2138

Re: What to do with RMD money

Thank you for your suggestion. I know my sister would never ask this question in such a public forum and she gets intimidated very easily when it comes to financials issues. This is the reason I am asking for advice so I can help her.

Thanks
by nick2302
Sun Jan 07, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Buying a home - revisited
Replies: 8
Views: 735

Re: Buying a home - revisited

This is an all depends type question in my mind. If you live in the Bay area and rent you can be exposed to your lease coming up for renewal and the rent increase from 4K to 9K a month in one step can happen. Having a home stops all the dependency on a landlord. But only buy a home you plan on livin...
by nick2302
Sun Jan 07, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 2138

What to do with RMD money

My sister is now forced to take money from her retirement accounts. She has been doing this for several years and putting the money in a savings account. She is in her mid-seventies. I am wondering if I should encourage her to invest even a small portion in bonds or maybe go take a walk on the wild ...
by nick2302
Tue Jan 02, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC to close or not to close
Replies: 5
Views: 684

Re: HELOC to close or not to close

My current credit score is somewhere in the low 820's. So your are suggesting I should live with not having clear title to the house once I get the HELOC and the primary mortgage paid off? I just want to make sure my children don't have a huge hassle when I finally fall off the mortal coil. Thanks f...
by nick2302
Tue Jan 02, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: HELOC to close or not to close
Replies: 5
Views: 684

HELOC to close or not to close

I am paying off the HELOC by February 2018 and it will still be active until 2022 unless I close it. My question is should I close it or leave it open? If I leave it open I will not have clear title to the house once I pay off the primary mortgage in 2019. I am also wondering if closing it impacts m...
by nick2302
Wed Dec 27, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Cash on hand
Replies: 21
Views: 1511

Re: Cash on hand

Yes they know where to go find it. I just had a feeling I was going to overboard saving cash on hand. Just trying to get a feel for how others deal with the issue of emergency cash.

Thanks for replying.
by nick2302
Wed Dec 27, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Cash on hand
Replies: 21
Views: 1511

Re: Cash on hand

Not a bad idea. It would just be another account to look for a 1099 at tax time. It would be in a bank and the whole point is to have cash in case of emergency break glass type thing. With the current political situation and the threat of Korea who knows what may happen. I just want flexibility but ...
by nick2302
Wed Dec 27, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Cash on hand
Replies: 21
Views: 1511

Cash on hand

I am wondering how much cash is a "reasonable amount" to keep in the house for some unforeseen emergency. Currently I have about 4K in a out of the way place in folding money and jars of change in a different out of the way spot (no clue how much is there maybe 500.00, maybe a bit more). Yep I know ...
by nick2302
Sun Dec 10, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 2391

Re: When to start taking distributions from 401K

I asked about the fact that how is it the money paid to EJ is not considered income. I cannot declare it as a cost nor do I declare it as income. Because, I am told, is because it is all pre-tax dollars. So because of that none of the cost is deductible and as such not considered income. I thought i...
by nick2302
Sun Dec 10, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 2391

Re: When to start taking distributions from 401K

Maybe Gailete misread what I wrote. Part 'G" has no additional surcharge. It is Part 'B' and Part 'D' that had the surcharges as I listed in my earlier posting. Unfortunately I do need meds to the point that in 2018 I have a very good chance of falling into the donut hole by October. My doctor says ...
by nick2302
Sat Dec 09, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 2391

Re: When to start taking distributions from 401K

- Income - Before Taxes or Medicare 5646.93 a month (plus whatever dividends whatever stocks I have pay and tiny interest the cash savings would generate) after income tax and the Medicare hit I project about 4500.00 for income. The 5K in expenses is NOT counting the house payment. That is the whole...
by nick2302
Sat Dec 09, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 2391

Re: When to start taking distributions from 401K

what tax bracket (a range will do) do you believe you'll be in for 2018 if you retire at the original time - June 2018 - and do not take money from the 401k to pay the mortgage? So assuming I work the entire 2018? I would earn about 215K in 2018 If I work 6 months in 2018 I would earn 135K. But need...
by nick2302
Sat Dec 09, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: taking distributions from 401K Impact on IRMAA need SHIP help
Replies: 23
Views: 2391

taking distributions from 401K Impact on IRMAA need SHIP help

I know when you reach 70.5 there is no choice, you have to take something called RMD. I am wondering how to, if not pay off, at least reduce the balance on my mortgage as I want to retire in 2018 and the house payment won't fit into my SS and pension monthly income. Especially since I got the unexpe...
by nick2302
Tue Dec 05, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Medicare and retirement for high earner
Replies: 49
Views: 3233

Re: Medicare and retirement for high earner

What exactly are you expecting from us? This isn't a forum for ranting As I said in the very first post this whole topic was a PSA (Public Service Announcement), to all the younger investors building their financial empire there is a big ugly experience waiting for them. If I was ranting (which mayb...
by nick2302
Tue Dec 05, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Medicare and retirement for high earner
Replies: 49
Views: 3233

Re: Medicare and retirement for high earner

Did you pay the insurance person for their advice? If so, ask for your money back. Ditto for the financial planner if budgeting & spending were part of your discussion. ANS: Not exactly. The insurance person called himself a financial planner was "helping" me set up the various plans I would need to...
by nick2302
Tue Dec 05, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Medicare and retirement for high earner
Replies: 49
Views: 3233

Re: Medicare and retirement for high earner

The point I was trying to make is that these so called financial planners should have at least explained this to me and not let it be a bomb that comes in the mail. The completely messes up my monthly retire budget. Besides it was a nasty surprise. Seems to me if you are a hard worker and a saver yo...
by nick2302
Tue Dec 05, 2017 6:52 am
Forum: Investing - Help with Personal Investments
Topic: Medicare and retirement for high earner
Replies: 49
Views: 3233

Medicare and retirement for high earner

I have worked past the retirement age in the vain hope to get the house paid off and some cash on hand. I sat down with an insurance specialist and went over the various PARTS of Medicare. Part B,D + Supplemental and eye and vision. The insurance person asked me a million question which I answered. ...
by nick2302
Tue Dec 05, 2017 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Fisher Investments
Replies: 16
Views: 3401

Re: Fisher Investments

Thank you everyone for responding. I must say I am a bit surprised based on what I saw in their brochures and TV ads. This was an eye opener.
by nick2302
Mon Dec 04, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Umbrella liability insurance policy to match portfolio size?
Replies: 30
Views: 3544

Re: Umbrella liability insurance policy to match portfolio size?

I decided last year to get a million dollar umbrella policy. I had my car insurance with GEICO so I added the new policy and it is a separate policy. Not expensive at all, something like 145.00 a year or in that neighborhood. I have also noticed that GEICO is raising the car insurance rates with dep...
by nick2302
Mon Dec 04, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher Investments
Replies: 16
Views: 3401

Fisher Investments

Does anyone have experience with Fisher Investments? I keep seeing their advertising online and on TV and wondering how good or bad they are.
Anyone have any knowledge that can be shared?

Thanks
by nick2302
Sun Dec 03, 2017 1:39 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 7458

Re: personal capital

Does anyone believe they are providing these sites for free out of the goodness of their hearts? They have to make money off of the users of the site one way or another. They either sell you something or mine the data for other purposes. Nothing is"FREE"!!
by nick2302
Sat Dec 02, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 7458

Re: personal capital

Not to be argumentative but I do work in Information Technology. There is not an encryption method on the planet that with enough powerful computing power it cannot be broken. We have a team of people who sit all day and night in front of massive displays looking for breaches. We have a team of peop...
by nick2302
Sat Dec 02, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 7458

Re: personal capital

Ever since Experian got hacked I worry about apps like MINT. They want to know all your account numbers and balances for "tracking" purposes. Well what happens if they get hacked. Seems even the most secure web apps have some vulnerability to being hacked. I even hate to track my own stuff on my per...
by nick2302
Tue Nov 28, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5617

Re: Gold?

Because the Venezuelan banking system is in chaos the average person would not be able to access their assets were it to be in another country. The average working person would have enough money to put in a foreign country as well. If they were able to get their money by the time they converted to l...
by nick2302
Mon Nov 27, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 11100

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

More than likely (I could be guessing incorrectly) you are looking at a home in California. Property is going through the roof in Ca. Where it will stop no one knows. But remember the house needs to be earthquake resilient and that can take up to 200K depending on house size and location. The insura...
by nick2302
Sun Nov 26, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

No argument about doing your research and making your own decision. All I am saying is look at the whole picture not just focus on one aspect. There is Vanguard that has no brick and mortar building and every time you call you get someone different. There are two ways to look at investment firms, ve...
by nick2302
Sun Nov 26, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5617

Re: Gold?

After reading that article he said a lot and ended saying he had no clue about the future. Well yeah who does have a crystal ball to see what I going to happen? I am finding out there are as many who think of Gold as an insurance and others who think it is a giant waste of time. I am not anticipatin...
by nick2302
Sun Nov 26, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 34443

Re: Anyone tired of the stock market going up?

I also use EJ and you need to be ready to hear every bad thing that can be thrown EJ's way. This discussion group is all about Vanguard. So take what is said about EJ with a grain of salt.
by nick2302
Sun Nov 26, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5617

Re: Gold?

Very interesting site on You Tube. Thanks for sharing it.
by nick2302
Sun Nov 26, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5617

Re: Gold?

I have about a fair collection and it doesn't take up much room and is not that heavy. If I sold off the gold I bought back in the 70's and 80's I could make a handsome profit. But I think of gold as a last firewall in case of emergency, break glass type of holdings. I won't even call it an investme...
by nick2302
Sun Nov 26, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 113
Views: 12249

Re: GE - a good value?

A lot of older folks owned GE mainly because it paid a handsome dividend. Well they recently cut the dividend in half so that reason went out the window. I would wager a lot of holders have sold off GE and another reason why the stock keeps going lower. They are making the classic mistake of selling...
by nick2302
Sun Nov 26, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Gold?
Replies: 64
Views: 5617

Gold?

Does holding actual gold coins make sense as part of an overall strategy for long term investments? The older generations in my family, being from the old country, had a strong urge to hold gold. Not gold stocks but the real deal coins. I inherited my share of the family gold and have added a bit to...
by nick2302
Thu Nov 23, 2017 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 56
Views: 8363

Re: Concerned parent :(

How about concert pianist/violinist....symphony orchestra member, score writer for commercials and stage plays, sound technician. Have you been to a movie and sat through the trailers. Loads of names scroll by all connected to the music part of the movie. Major corporations have huge advertising dep...
by nick2302
Tue Nov 21, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 56
Views: 8363

Re: Concerned parent :(

When my children were young and growing up there was no such thing as a 529. But now there is and my grand children each have one. I sent my kids to college the hard way. They worked, used scholarships and I paid and paid and paid. It was a rough time. In one aspect I was lucky in that there was eno...
by nick2302
Tue Nov 21, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 4456

Re: Planning for the final months of work

As I have said earlier to your question "Then there is transaction fees, dividend reinvestment fees,etc. I couldn't name them all." There are NO additional fees. I can even buy and sell stocks without a fee if I wanted to use my accounts at EJ as a brokerage account. The managed fee takes care of al...
by nick2302
Tue Nov 21, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Are you your own worse enemy when it comes to investing?
Replies: 34
Views: 3000

Re: Are you your own worse enemy when it comes to investing?

I was in a Fidelity fund that went from a 5 star rating to a 1 star and never was contacted by my supposed Fidelity advisor that maybe I should consider moving the money to another fund. Instead because it was a Fidelity Fund they didn't want to make the fund even worse by suggesting to investors to...