Search found 63 matches

by mattymcmatt
Thu Jul 23, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?
Replies: 19
Views: 1693

Re: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?

Each took some time to get agent on phone, verify identity, communicate transfer instructions, etc. You could have done this online with few clicks. Really? That’s scary. Surely there is some type of verification? The limited verification is my primary reason for not using wires regularly , but the...
by mattymcmatt
Mon Jan 20, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17432

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

tph090 wrote: Sun Jan 19, 2020 11:52 pm Yes I am a dual citizen Canada/US. I would not consider sponsoring her though because you have to do a financial responsibility affidavit which would create liability for me.
Oh yes, that's true that it would be a large risk given the facts you've presented here.
by mattymcmatt
Sun Jan 19, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17432

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

I think my mom would have a breakdown if they had to move back to Canada after 30 years and not know anyone. When I bring up Medicare eligibility I will try to gently instill the idea that if she doesn't secure Medicare eligibility then Canada may be their only option for healthcare when they are 8...
by mattymcmatt
Tue May 07, 2019 8:24 pm
Forum: Personal Investments
Topic: Rollover 401k while employed?
Replies: 3
Views: 367

Rollover 401k while employed?

On a non-investment forum I visit, I've seen a couple off-topic discussions where people have said that you can rollover your 401k on a yearly basis into a personal 401k account. Is this accurate? I was under the impression that a rollover could only occur if I left my current employer. Does it depe...
by mattymcmatt
Tue Jul 31, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: money saving tips for travel to Canada for a month
Replies: 22
Views: 2074

Re: money saving tips for travel to Canada for a month

I am not sure how Canadian border control will treat this. Be sure and have a printed list, with contact details, of all your accommodation. It might be easier (when they ask) to just say you are there for a couple of weeks. Probably not enough time to open a Canadian bank account (they will need a...
by mattymcmatt
Sat Dec 02, 2017 10:00 am
Forum: Investing - Theory, News & General
Topic: Craig Rowland not blogging anymore on Permanent Portfolio.
Replies: 34
Views: 7700

Re: Craig Rowland not blogging anymore on Permanent Portfolio.

I don't think anyone has claimed that it never goes negative. But it has considerably lower volatility than a 50-50 or 60-40 stock/bond portfolio, while still providing reasonable returns. I believe the theory of the creator of the PP - Harry Browne - was that the PP would never go negative for mor...
by mattymcmatt
Sun Nov 26, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: bitcoin mining profits tax treatment?
Replies: 6
Views: 1057

Re: bitcoin mining profits tax treatment?

From what I've read, you may be able to deduct the expenses and electricity for business purposes. So if you only cashed out what your expenses were, in theory, that would write off the bitcoin that you sold.
by mattymcmatt
Mon Sep 11, 2017 8:51 pm
Forum: Personal Investments
Topic: New to US - Help with choosing 401k
Replies: 8
Views: 921

Re: New to US - Help with choosing 401k

Thank you for the replies. We are aware of most of this and had put a lot of thought into the decision. Of course, sometimes it's tough to know all the details beforehand. About staying in the Bay Area for a longer term, you need to look into getting your wife able to work ASAP if that's what she wa...
by mattymcmatt
Sun Sep 10, 2017 7:57 pm
Forum: Personal Investments
Topic: New to US - Help with choosing 401k
Replies: 8
Views: 921

Re: New to US - Help with choosing 401k

I have updated my original post again. I think as part of the broader plan you need to think about how long you will be in the US and what you will do with your US investments if/when you leave. Also, do you plan to be with this company for a long time or will you move on to another job in the US in...
by mattymcmatt
Sun Sep 10, 2017 11:51 am
Forum: Personal Investments
Topic: New to US - Help with choosing 401k
Replies: 8
Views: 921

Re: New to US - Help with choosing 401k

Thank you. I have updated the original post.
by mattymcmatt
Sun Sep 10, 2017 11:14 am
Forum: Personal Investments
Topic: New to US - Help with choosing 401k
Replies: 8
Views: 921

New to US - Help with choosing 401k

I'm new to the US and need help choosing a 401k plan through my employer. I'm from Canada and it's surprising that I'm only able to select funds through the plan that my employer provides. I follow the Permanent Portfolio so would like to just invest in an index fund but the plan doesn't seem to off...
by mattymcmatt
Thu Oct 06, 2016 2:59 am
Forum: Personal Investments
Topic: Is my employer's stock purchase plan worth it?
Replies: 27
Views: 6981

Re: Is my employer's stock purchase plan worth it?

What's the maximum percentage of the total, diversified portfolio, that I should not exceed? I think this varies from person to person depending on their risk level and other factors. It might be good to figure it out for yourself before investing in this. Basically it should be money you would not...
by mattymcmatt
Sun Aug 30, 2015 11:02 pm
Forum: Personal Consumer Issues
Topic: Watching NFL Games Via Webstream
Replies: 16
Views: 3746

Re: Watching NFL Games Via Webstream

You probably want NFL Gamepass, no? http://www.nfl.com/watch-nfl-live This is the legit online watching service from the NFL. I'm not an NFL fan but use similar services from MLB and NHL. Read up on any blackout restrictions though before buying. The sites you mentioned (blockless, unblockus) are fo...
by mattymcmatt
Wed Aug 26, 2015 7:51 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey - Help Me Understand His Investing Strategy
Replies: 96
Views: 18187

Re: Dave Ramsey - Help Me Understand His Investing Strategy

This is an excellent example. Imho, 98% of his listeners are grabbing for the life raft and simply cannot critical think with such little foundational knowledge, so in this sense he is always preaching to the choir. The calls are screened and if you try to ask a question or challenge him, you will ...
by mattymcmatt
Sun Jun 28, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 19934

Re: Tech jobs - is job-hopping the best way to get ahead?

If you are employed in tech, you need to evolve or else get sent to the door. You simply cannot afford to be complacent and do the same job for 30 years and expect the company to not find a cheaper alternative replace you. As a software developer with 11 years of experience this is what I dislike m...
by mattymcmatt
Thu Jun 25, 2015 9:10 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 157
Views: 40987

Re: When saving money becomes an irrational obsession

Here's a challenge for everyone: what advice would you give to a young person if you knew their tendency was to oversave, rather than spend? This was me at one point and kind of still continues to be me. What my wife and I setup is a "fun" account. We put a certain percentage of our incom...
by mattymcmatt
Sat May 17, 2014 1:14 am
Forum: Personal Finance (Not Investing)
Topic: finding performance data on real estate agents?
Replies: 5
Views: 1248

Re: finding performance data on real estate agents?

I think you will find this data very hard to come by. AFAIK, the MLS keeps this data very closely guarded and does not publicly reveal it. I believe there was a court case in Canada a few years ago about this. I came across this article in the New York Times that lists a few websites you might be ab...
by mattymcmatt
Tue Apr 23, 2013 6:23 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

My point was, we've already seen this scenario play out before and never has that sort of thing happened. I understand supply and demand. I understand the history of bitcoin and that it's already increased by 1000%, but that was a speculative mania. I don't understand any scenario that would lead a...
by mattymcmatt
Tue Apr 23, 2013 12:49 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

Why? There are plenty of alternative currencies out there, some of them VERY widely accepted throughout their domain, and none of them have EVER increased in value by 1000% just because some retailer started accepting them. Why would you pay $10,000 for a bitcoin to spend on Amazon would you could ...
by mattymcmatt
Mon Apr 22, 2013 8:25 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

Who mines the bitcoins? And how did they get there in the first place to be had? How easy is it to steal someones bitcoins? Anyone can mine them although now it requires more powerful equipment. It is designed to mimic something like gold mining. At the beginning, anyone could mine with not so powe...
by mattymcmatt
Mon Apr 22, 2013 7:55 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

I must be an idiot. I have read a fair amount on Bitcoin and it still makes very little sense to me. :oops: Can you say what's still confusing you? I'll try to explain. Basically, I just think of it like cash for the technological age. Currently if you want to send cash over the internet, you eithe...
by mattymcmatt
Mon Apr 22, 2013 7:47 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

Who in this thread has actually bought anything with bitcons? Just curious. (Obviously I don't expect anyone to mention anything felonious). But I think that's the real question. Are people buying things with bitcons , as opposed to just buying bitcons themselves? Not statistics, please: personal t...
by mattymcmatt
Mon Apr 22, 2013 1:09 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins something like internet tulips?
Replies: 62
Views: 6153

Re: Are bitcoins something like internet tulips?

Who in this thread has actually bought anything with bitcons? Just curious. (Obviously I don't expect anyone to mention anything felonious). I have paid for my VPN service with bitcoins as well as made donations to websites with bitcoins to support the service they provide. As to why you would use ...
by mattymcmatt
Thu Apr 29, 2010 9:17 pm
Forum: Personal Investments
Topic: why cash?
Replies: 54
Views: 9556

rai wrote: I am curious why some people seem to have a significant holding in cash. Because sh** happens! :wink: Plus when it happens to you, it's usually happening to everyone else. If you lose your job, chances are other people are losing their jobs. If you're stocks go down, chances are every el...
by mattymcmatt
Mon Apr 26, 2010 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is getting a rewards credit card worth the effort?
Replies: 32
Views: 6212

I don't see how it wouldn't be worth it. It's free money. Ah yes, the credit card companies are just being generous. I don't use a rewards card because I have heard that the merchant fees are higher with reward cards vs. regular credit cards. So while you may be getting 1% back, the store is paying...
by mattymcmatt
Mon Apr 26, 2010 11:08 pm
Forum: Personal Consumer Issues
Topic: Need Help Pricing My Labor
Replies: 26
Views: 4316

Some things I have learned in my programming career that might be helpful: - Estimate how long it will take you and then double it. We are always overly optimistic that things won't go wrong and there will be no unforeseen problems. Since this sounds like it might be your first task along these line...
by mattymcmatt
Mon Apr 26, 2010 1:30 am
Forum: Personal Investments
Topic: What do you say to the investment advisor cold call?
Replies: 111
Views: 13969

This is a very easy answer. "What's your track record for beating the marketing over the last 20 years after fees?...what, you didn't beat the market after....even before fees?...sorry, I've got to eat dinner now..." Actually, I read an article about a successful investor who handled call...
by mattymcmatt
Mon Apr 26, 2010 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Starting a business
Replies: 16
Views: 3209

Ask for advice on Hacker News - news.ycombinator.com
by mattymcmatt
Tue Mar 23, 2010 1:57 am
Forum: Personal Consumer Issues
Topic: Dvorak keyboard
Replies: 24
Views: 2579

I type with a Dvorak keyboard - not a special one. I just use Windows to change the keyboard layout. I switched from QWERTY because my fingers and hands were beginning to ache when typing. As a programmer, this was very worrisome to me. It took me about a month to un-learn QWERTY and teach myself Dv...
by mattymcmatt
Thu Mar 11, 2010 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bill Pay option versus withdrawals from checking?
Replies: 22
Views: 2891

I prefer to give other people money rather than have other people take money from me, in other words, I prefer push to pull. Same here. I started using autopay a couple years ago but after signing up for a few of them, it felt like I was losing control of my checking account. Money would just be wi...
by mattymcmatt
Wed Mar 10, 2010 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: quit my job?
Replies: 82
Views: 11449

First off, something doesn't sound right. You say you bring in $3k per month net and only spend $1500 but you only have $2k in savings? What have you done with the other money that you have earned in the past six months? Do you actually spend more than you think you do? Have you used it to pay off d...
by mattymcmatt
Thu Feb 25, 2010 4:46 pm
Forum: Non-US Investing
Topic: How to send $100 to Slovakia
Replies: 6
Views: 1274

I've used XETrade to transfer money between my Canadian and US bank accounts before. They support money transfer through various means to nearly every country, their service is great, they guarantee the lowest rates and make sending money quite easy.
by mattymcmatt
Sun Jan 24, 2010 4:01 am
Forum: Personal Investments
Topic: Life Overseas
Replies: 7
Views: 1636

Check out XE Trade. Great service and ability to transfer money in pretty much every currency. It works better between developed countries where you can use ACH transfers instead of wires but it should work for China too. They guarantee that they will beat any bank's rate for wire transfers.
by mattymcmatt
Sun Jan 03, 2010 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Could you/do you live on $50,000 a year?
Replies: 356
Views: 79320

I can't even imagine spending $50,000 a year. My expenses for 2009 were just over $26,000 including taxes. I do what I want, enjoy my hobbies and spend money purposefully while wasting little. Life is good.

I'm single with no kids though so my expenses would be higher in different circumstances.
by mattymcmatt
Sun Nov 15, 2009 9:15 pm
Forum: Personal Consumer Issues
Topic: Looking for a new job
Replies: 47
Views: 6924

Look at it from another perspective. You're quitting solely because you work more than 40 hours a week? Why would I want to hire someone like that? That's not a good reason to quit. Reconsider. Sure it is. OP's company does not seem concerned about efficiency or productivity at all. To make up for ...
by mattymcmatt
Sun Nov 15, 2009 8:53 pm
Forum: Investing - Theory, News & General
Topic: 5 myths about home ownership
Replies: 110
Views: 15348

Regarding #5, I've never understood all of those hard core "renting is like flushing money down the toilet!" chanters. Renters aren't throwing money away. In exchange for their money they get a place to live, with very little responsibility for maintenance, and pretty much no liability to...
by mattymcmatt
Tue Sep 08, 2009 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Just signed up for H&R Block Tax Course
Replies: 27
Views: 16187

I took the H&R Block course here in Canada a couple years ago. I figured that with the knowledge I learned about taxes, I would be easily able to recover the $250 course fee over the upcoming years. My class also didn't use computers. The instructor said they had used computers the year before, ...
by mattymcmatt
Tue Sep 08, 2009 8:53 pm
Forum: Personal Consumer Issues
Topic: Driving Tour- Vancouver, BC to San Francisco, CA
Replies: 25
Views: 4151

Good thread idea....I'm doing this next month!
by mattymcmatt
Sat Aug 22, 2009 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Re: Follow up

Valuethinker wrote:GWO is, I believe, thought to be one of the most stable of Canadian insurers.

It looks like a very attractive plan. You will need cover like this at least until your early 50s.
Thanks for your help. I have decided to apply.
by mattymcmatt
Sat Aug 22, 2009 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Re: Follow up

Price sounds reasonable and much cheaper than US. I last priced DI a few years ago and it was about $110 per $1500/month coverage. It didnt go by salary but a straight monthly amount. Will you need to undergo a physical exam or blood test? I think the reason it would be much cheaper than the US is ...
by mattymcmatt
Sun Aug 16, 2009 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Re: Follow up

It sounds like a steal and I wonder if there is a catch? Otherwise I would go for it. Another reason may be your relatively low income now, relative to lifetime prospects. Is the benefit linked to CPI in any way? It may simply be term: 30 years only takes you to 57. There is a provision in CPP, I t...
by mattymcmatt
Fri Aug 14, 2009 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Bump. Does anyone have an idea if this is a good plan for me? I would really appreciate it.
by mattymcmatt
Wed Aug 12, 2009 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Portland, Oregon to Victoria, BC
Replies: 17
Views: 3647

Re: Portland, Oregon to Victoria, BC

I don't know how one gets from Vancouver to Victoria. I'm not a long-distance driver, so I'm looking for non-auto possibilities. I live in Victoria and although some people on the island would prefer to be completely cut-off, luckily there are regular ferries running from Tsawwassen (south of Vanco...
by mattymcmatt
Tue Aug 11, 2009 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Follow up

Here is a follow-up. I've been meeting with an insurance representative over the past few weeks and he's been very good about presenting the different plans to me. In Canada there are only a handful of companies to choose from so it might be easier that the US. As a software developer, I'm able to q...
by mattymcmatt
Sat Jul 11, 2009 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Are dual monitors at home worth it?
Replies: 36
Views: 5925

If you're on a budget and have a big desk, why don't you look on Craigslist for a couple 17"+ CRT monitors. People are giving those away now.
by mattymcmatt
Fri Jul 10, 2009 9:47 am
Forum: Forum Issues and Administration
Topic: Access to "private" information by admins/moderato
Replies: 5
Views: 2673

I do web programming for work. On any website you sign up for, at least one person (the administrator) has access to all information by being able to see everything stored in the database. Most websites will encrypt your password but everything else is stored in plain text that anyone can read. This...
by mattymcmatt
Mon Jun 29, 2009 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Thanks for the thoughtful reply.

I think I will contact some insurance companies and enquire further about it.
by mattymcmatt
Sun Jun 28, 2009 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Disability Insurance Advice
Replies: 19
Views: 3290

Re: Emergency Fund/Disability Insurance Advice

There are some other threads about disability insurance on this forum, but be forewarned - I found them rather depressing. But it's certainly worth serious consideration, even when you have a policy from your employer. I've tried searching for threads but can't seem to find any good ones which talk...
by mattymcmatt
Sat Jun 27, 2009 2:43 pm
Forum: Personal Consumer Issues
Topic: programming
Replies: 65
Views: 10319

I find it surprising how many people are recommending C++ and Java. This is a 14 year old just learning programming. In my view, it needs to be something that is easy to learn, fun, quick to setup and can offer immediate feedback. I would recommend PHP with HTML (and JavaScript/jQuery if he wants to...
by mattymcmatt
Sat Jun 27, 2009 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: transfering money
Replies: 13
Views: 4221

XE Trade

I live in Canada but earn money in US dollars in the US so I transfer money regularly. I signed up for XE Trade (http://www.xe.com/fx/) and have been very pleased. They allow you to transfer money almost anywhere in the world and will show you the exchange rate and fees involved. They also guarantee...