Search found 84 matches

by London
Thu Aug 01, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 10682

Re: A note on spending for kids

What’s the point? If you don’t want to spend money on kids travel sports (or the like) don’t. Who cares if another parent does? Not sure why you assume it’s all about college or being a professional.
by London
Sun Jul 28, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Best Zero Turn Mower for less than $3000
Replies: 12
Views: 1102

Re: Best Zero Turn Mower for less than $3000

How much lawn to do have to mow? Without more detail, it’s not straightforward. If you have one acre to mow, a commercial machine is overkill.
by London
Sat Jul 27, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: RESOLVED: Non-lethal alternatives to firearms to defend against home invasions in Florida
Replies: 113
Views: 6455

Re: Non-lethal alternatives to firearms to defend against home invasions in Florida

People overestimate their chances of being robbed in their home. First, you are unlikely to have a break-in. Second, criminals generally don’t want people to be home and wait for the house to appear empty. By all means, plan if it makes you feel better. But my “plan” if this ever were to happen woul...
by London
Thu Jul 25, 2019 8:21 pm
Forum: Personal Consumer Issues
Topic: Grey Market Watches
Replies: 18
Views: 2310

Re: Grey Market Watches

I have typically bought watches used to save money and have done very well. I’ve never sold a watch for less than I paid. I did buy a grey market watch when I couldn’t find it used. It was well worth it. I didn’t get the original warranty but you rarely use that with a new watch anyway. There are se...
by London
Thu Jul 25, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3442

Re: First Home Purchase - Disagreement on Appraisal Contingency

This is one of the most conservative boards and some of the replies reflect that. Whether or not this is common would be specific to your market. I understand the sellers point of view in that they don’t want to waste time with you during the heart of the selling season if you are going to walk away...
by London
Sun Jul 21, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: 2019 Jeep Wrangler Purchase: Am I being stupid?
Replies: 18
Views: 2444

Re: 2019 Jeep Wrangler Purchase: Am I being stupid?

I bought a JL Sahara last summer and I love it. Most intuitive electronics of any car I’ve ever owned. Great with the top down. You can afford it.
by London
Sat Jul 20, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 16
Views: 1306

Re: Corporate Acquisition - Key Person

My view is that your leverage is bound by whatever your ability is to find another job with better terms. You can ask for all you want, but if you aren’t prepared to leave, you don’t have any leverage. If you live in a place without many other opportunities, the company may call your bluff. As much ...
by London
Fri Jul 12, 2019 5:04 am
Forum: Personal Finance (Not Investing)
Topic: Home insurance - over insured
Replies: 9
Views: 969

Re: Home insurance - over insured

I had this problem and Liberty Mutual was willing to work with me when other providers weren’t.
by London
Sun Jun 30, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 6278

Re: Relocate to Seattle or NYC

If the topic is “how much money can you make as a developer at a Wall Street firm”, this is something I can add to as I run a large IT group at one of the firms. The are basically almost no pure developers making 7 figures. If you are a quant or manage a large group, you can get there. As an individ...
by London
Fri Jun 28, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 6278

Re: Relocate to Seattle or NYC

I’m shocked there is a bank in NYC that allows that much WFH. If that’s the case, you don’t need to live in NYC proper. You can find a lower cost suburb a little further out than if you needed to go in every day. Iam really surprised when heard but they do allowed and I asked during interview with ...
by London
Fri Jun 28, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 6278

Re: Relocate to Seattle or NYC

I’m shocked there is a bank in NYC that allows that much WFH. If that’s the case, you don’t need to live in NYC proper. You can find a lower cost suburb a little further out than if you needed to go in every day.
by London
Fri Jun 14, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3371

Re: Cartier bracelet

This isn't directed at a particular person, but I am surprised that many would suggest getting a pre-owned gift for another person. Granted, if the other specifically mentioned that pre-owned is OK, then that's another matter. But I think giving a gift, especially to one's wife contains more than t...
by London
Thu Jun 13, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 4350

Re: 50 or 75 gallon water heater?

Twin 50 gal in series is the answer Unlimited hot when you want it Throttle back to one on when you don’t Seems like real "overkill" to me. I have two 75 gallon tanks. Overkill maybe, but the other benefit is that you will never be without hot water if one tank fails as they are daisy-chained toget...
by London
Thu Jun 13, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 4350

Re: 50 or 75 gallon water heater?

Twin 50 gal in series is the answer Unlimited hot when you want it Throttle back to one on when you don’t Seems like real "overkill" to me. I have two 75 gallon tanks. Overkill maybe, but the other benefit is that you will never be without hot water if one tank fails as they are daisy-chained toget...
by London
Thu Jun 13, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2499

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

This has happened to me. I had another card with the same provider and my other card showed the credit. Not sure what what happen with no other relationship.
by London
Tue Jun 11, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Risk with undischarged mortgage?
Replies: 7
Views: 441

Re: Risk with undischarged mortgage?

If you aren’t going to listen to your attorney’s advice, get a new attorney. Presumably you’re paying him/her for that advice.
by London
Fri May 31, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39174

Re: For those who earn $500k+ per year. How'd you do that?

I make more than that and I put up a 2.6 gpa at a state school (no crushing debt but plenty of crushed beer cans). Went to work and decided a MBA wouldn’t do anything for me. Wound up in a field I knew nothing about at a Wall St firm. Worked hard and solved problems others couldn’t seem to handle (o...
by London
Fri May 31, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Best Pool Vacuum for the $$
Replies: 12
Views: 868

Re: Best Pool Vacuum for the $$

I have a Dolphin that ran about $700. It’s been worth every penny and has made pool ownership easy. I spend less than 10 mins a week on the pool. That, combined with the advice on Troublefreepool has made my pool experience great. Whenever I read about someone on here having a tough/expensive experi...
by London
Wed May 22, 2019 4:31 am
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4300

Re: Senior management/executives

If I was uncomfortable with something at work, I’d just find a new job. I wouldn’t “rat” on anyone but that’s just me. I realize that’s probably not a shared point of view on this board.
by London
Thu May 16, 2019 4:57 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7011

Re: Do you reward yourself for achieving a financial goal?

I don’t deprive myself now, so I don’t tend to celebrate milestones. But every year on bonus day we go out to eat as a family. At the end of the meal, I lay a huge tip on the waiter. The equivalent of tipping $100 on a $50 check. I used to wait tables and always wished someone would do that when I n...
by London
Wed May 08, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Job Offers, Relocation - Stuck & Need Advice
Replies: 18
Views: 2283

Re: 2 Job Offers, Relocation - Stuck & Need Advice

It’s a personal decision based on where you want to live and your goals (financial or otherwise). If it were me, I’d avoid Michigan like the plague. But that’s just personal preference.
by London
Sat May 04, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Realistic Comp Increase with Doubling Job Responsibilities
Replies: 37
Views: 2455

Re: Realistic Comp Increase with Doubling Job Responsibilities

I work for a major investment bank and it doesn’t work the way you describe. At my place, and the other two major banks I’ve worked, you get the job with no immediate change in comp. after you've proven you can do the job (hopefully the next comp cycle), you get an increase that depends on many fact...
by London
Tue Apr 23, 2019 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Underassessment by County Assessor
Replies: 29
Views: 1841

Re: Underassessment by County Assessor

Many towns that have not performed a reassessment in a while have a stated ratio for assessments. For example, my old town was 71%. If your house was worth roughly $100k on the open market, it would show as $71k on the tax roles. If your assessment was for $80k, that meant your house was “worth” $11...
by London
Fri Apr 19, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6666

Re: Executor of Will - Selling House in Poor Condition

I’d call the number on one of these “We buy houses” and take whatever number they offer you. Be done with it and don’t invest time. I would sooner just resign as executor. While I appreciate the simplicity in this suggestion, I would not be happy when one (or more) of the other heirs hired a lawyer...
by London
Fri Apr 19, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6666

Re: Executor of Will - Selling House in Poor Condition

I’d call the number on one of these “We buy houses” and take whatever number they offer you. Be done with it and don’t invest time. I would sooner just resign as executor. While I appreciate the simplicity in this suggestion, I would not be happy when one (or more) of the other heirs hired a lawyer...
by London
Fri Apr 19, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 3496

Re: The reality of borrowing from your 401k for home mortgage

I know folks around here hate 401k loans but I think they can make sense in certain circumstances. You have access to the money quickly and it doesn’t count towards you debt to income ratio. If you’re trying to take advantage of a opportunity quickly or need funds to get through until your previous ...
by London
Tue Apr 16, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6666

Re: Executor of Will - Selling House in Poor Condition

I’d call the number on one of these “We buy houses” and take whatever number they offer you. Be done with it and don’t invest time.
by London
Wed Apr 10, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Good 3rd party to provide a put option and security backed loan?
Replies: 6
Views: 320

Re: Good 3rd party to provide a put option and security backed loan?

I understand that people on this board look at paying financial firms in a negative light. But in this case, you need a bespoke product. What is the point of the industry if not to provide solutions like this? And yes, that will cost you money. You just have to decide if that premium is worth it to ...
by London
Fri Mar 29, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5780

Re: Passed Over For Promotion for Being too Good at My Job

People's perception of their own productivity (and their position in the company) is often skewed. Maybe you aren’t as good as you think you are. Or, as others mentioned, maybe you are great at doing the job and they don’t think you’d be as valuable as a manager. Either way, it’s clear they already ...
by London
Wed Mar 27, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 9171

Re: Tattoos and Bogleheads

My oldest son had his fraternity symbol tattooed on his ankle while in college. A little over an inch in diameter, and easily covered by an ankle sock. He’s 44 and VP of a prestigious Wall Street financial firm. While playing golf with some top executives, one of them noticed the tattoo and gave hi...
by London
Thu Feb 28, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Going to "cash-only" restaurants?
Replies: 109
Views: 4571

Re: Going to "cash-only" restaurants?

Well since you said NY(C?), I went to the $2.75 pizza-plus-soft-drink place in Manhattan several times on my last visit and was okay with the cash-only policy given the location and price. For much higher prices I would be less likely to do cash-only. Yes NYC. Was thinking more of full service rest...
by London
Wed Jan 30, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8938
Replies: 2
Views: 248

Re: Form 8938

Thank you for your reply.
by London
Wed Jan 30, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8938
Replies: 2
Views: 248

Form 8938

Question for you tax gurus out there. I work for a US branch of a foreign company. I received RSUs last year that vest evenly over 3 years. The underlying shares are denominated in a foreign currency. We received an email from the company saying that we may need to fill out form 8938 (but of course ...
by London
Thu Jan 03, 2019 5:58 am
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8788

Re: Your ideal home size

Our home is 8,000 sq ft with an additional 2,000 sq ft of finished basement. It sits on 56 acres. We previously lived in 2,300 sq ft with no finished basement. We are a family of 5 plus in-laws and the space is great for us. There is room for everything we enjoy doing. It’s expensive in every way (u...
by London
Sat Dec 29, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Hot Tub - Spa Purchase Help
Replies: 17
Views: 1129

Re: Hot Tub - Spa Purchase Help

My experience with a hot tub was short-lived. One came with the house I bought. Once I realized how much it would cost to heat the water, I took a Sawzall to it and hauled the pieces to the dump. This has absolutely nothing to do with the question. But please feel free to pat yourself on the back. ...
by London
Fri Dec 28, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Hot Tub - Spa Purchase Help
Replies: 17
Views: 1129

Re: Hot Tub - Spa Purchase Help

My experience with a hot tub was short-lived. One came with the house I bought. Once I realized how much it would cost to heat the water, I took a Sawzall to it and hauled the pieces to the dump. This has absolutely nothing to do with the question. But please feel free to pat yourself on the back.
by London
Sun Dec 23, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Employer asking me to move my brokerage account
Replies: 30
Views: 3479

Re: Employer asking me to move my brokerage account

Just curious...how would they have access to your personal financial transactions or knowledge of accounts you are in possession? They do not have access to your 1040 do they, as a mortgage company would when applying for a loan, etc? I’ve always wondered about this when I’ve seen the topic come up...
by London
Thu Nov 29, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: Why you might want to reconsider buying a vehicle with direct fuel injection
Replies: 48
Views: 4826

Re: Why you might want to reconsider buying a vehicle with direct fuel injection

I had an Audi A4 that needed walnut blasting due to this issue. It wasn’t expensive to fix. More importantly, after the fix, the mechanic told me I should red line it a couple times a week and it wouldn’t happen again. To do that, I’d just keep the car in a lower gear and accelerate normally. He was...
by London
Wed Nov 21, 2018 8:39 pm
Forum: Personal Consumer Issues
Topic: All inclusive resort with 9 year old?
Replies: 16
Views: 2217

Re: All inclusive resort with 9 year old?

We did Sandos Caracol Eco resort in Mexico last summer with three kids, specifically because of their water slides. The food won’t blow you away and they don’t go crazy with air conditioning due to the “eco” factor but it was enjoyable. We dropped the kids at the kids club for a few hours a day and ...
by London
Sun Nov 18, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5854

Re: parents buying home for sibling

I’m curious if this rather wholesome “stay out of it” advice will extend to the inevitable situation where this sibling find themselves and their parents flat broke and homeless? Despite people on the most risk averse board on the internet saying otherwise, this is a low probability event for folks...
by London
Sun Nov 18, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: parents buying home for sibling
Replies: 44
Views: 5854

Re: parents buying home for sibling

Assuming they can afford to do this, stay out if it. It’s not your money or your business. If you are worried about an inheritance, that’s gross.
by London
Tue Nov 13, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 35855

Re: [Financial] Habits of the Rich

I’ve never been shy about asking for a lot of money at work. That, coupled with busting my ass to justify the high compensation has been the key to wealth accumulation. Don’t be shy about putting a high valuation on yourself but be prepared to back it up.
by London
Mon Oct 29, 2018 4:47 am
Forum: Personal Consumer Issues
Topic: Additional charges for kids in Las Vegas hotels
Replies: 25
Views: 2812

Re: Additional charges for kids in Las Vegas hotels

This is the most risk averse board on the internet. Of course you can "sneak" your kids in. Vegas hotels have thousands of rooms and decentralized elevator banks. It's not like the local Hampton Inn where you all have to walk past the desk. The maids don't care and won't alert the desk. Much worse h...
by London
Sat Oct 27, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 27187

Re: PSA: Don't buy a big house

I lived most of my life in 1,000 or smaller square foot apartments. Our current ~2,000 square foot house feels like a castle to me. I have no idea how people live in 3,000+ square foot houses. I'd probably get lost and call for help. Yeah I can't count how many times I get lost in my craftsman McMa...
by London
Wed Oct 24, 2018 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Action on mortgage lender.
Replies: 16
Views: 1731

Re: Action on mortgage lender.

You have almost no chance of having the lender reimburse you for any losses on your side. They are lending you money, they aren't required to do so. Delays in the mortgage process are common. You always have the option of going with another lender but that will add time to the process as well.
by London
Tue Oct 23, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 27187

Re: PSA: Don't buy a big house

http://mcmansionhell.com You’re welcome Oh gosh, I had not looked at that for a LONG time, thanks. The beige kitchen with white appliances. Must.Have. :shock: That is my favorite website!! I love to show it to people who don't get why they are so ugly :) Different people like different things. Whil...
by London
Mon Oct 22, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: House has major repair issues right after buying... options
Replies: 27
Views: 2374

Re: House has major repair issues right after buying... options

I'm guessing you had an inspection done, but the inspector didn't pick up on this. Any chance you purchased a homeowners warranty policy? My guess is that there is really no recourse - although I'd definitely discuss with the flippers and see if they'd do the right thing and offer to help with fixi...
by London
Tue Oct 16, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 6180

Re: CA property tax > $10K, any options to deduct all?

And remember that if you were in the AMT, we were not deducting real estate taxes anyway so you may not notice a big difference this year. Try running some projections with some of the online tax projection programs to see what you're in for. This is an important point. In high tax states like NY a...
by London
Thu Sep 20, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 5158

Re: Dilemma: Add room to current house or buy new house?

kjvmartin wrote:
Thu Sep 20, 2018 10:26 am
If material things make you happy you'll never be happy for very long.
Yawn. Plenty of people have "material things" like family heirlooms (etc) that make them happy and they manage to live happy fulfilling lives. Pious internet talk in my view.
by London
Mon Sep 17, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 5158

Re: Dilemma: Add room to current house or buy new house?

Even though the house is pretty large (>6000sqft) including unfinished basement, my spouse always thought or felt it was a bit too small.... What do you suggest is the best course of action? Family counseling. That is not meant to be snarky but if 6000 square feet is not big enough then there is so...