Search found 653 matches

by djpeteski
Thu Nov 15, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Put Options
Replies: 41
Views: 2726

Re: Put Options

There is actually a decent volume in these, especially at round prices such as 1500 for AMZN or 250 or 300 for NFLX. I'm thinking June 2020 puts to allow enough time and strike price @ 30% discount to current price. (That would still have been the record high only a few months back given the run up...
by djpeteski
Thu Nov 15, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Claim-Experiences?
Replies: 14
Views: 875

Re: Homeowners Insurance Claim-Experiences?

I do not want to begin repair work until/unless I know what is happening with the insurance. Lets pretend for a moment that insurance will not pay. What would you do? It would probably serve your best interest to repair the house and then either sell or rent. So I would go ahead and start the repai...
by djpeteski
Wed Nov 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 32
Views: 2297

Re: Northwestern Mutual nightmare - help needed

You are not in all that bad a shape, and you can quickly recover. Many people have feel for the same old line of garbage. You thought this person was like you, only interested in caring for your patients, and that he was there to help you with your finances. If it was me, I would evaluate, truly, ho...
by djpeteski
Wed Nov 14, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 767

Re: Questions to late starters

First off, I don't think you are a late starter. Starting at age 55 or so is really late so be thankful you are not one of them. If you did 3k/month savings for the next 20 years, you should end up with about 2.7 million. That is in the unlikely event that you do not receive a salary increase. From ...
by djpeteski
Wed Nov 14, 2018 6:47 am
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 36
Views: 1756

Re: Garmins & Fitbits: Worth it for non-athletes?

So I would ask you to define "non-athlete", from your brief post I would tend to put you in the "recreational athlete" category, and can therefore benefit from a fitness tracker. For me, I have the Garmin 920XT, that I pretty much paid full price for, and love it. Would I like something better, yes,...
by djpeteski
Tue Nov 13, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3093

Re: Won a lawsuit after a wrongful death in the family. How to invest?

If you were in your mid-20s, with no family or mentors to speak of, what would you due with the funds? This truly breaks my heart about your situation. First I would tell no one about the money, luckily you can remain anonymous here. Secondly I would attempt to become "adopted" by a family whose va...
by djpeteski
Mon Nov 12, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets from canceling whole life insurance policy - anyone out there?
Replies: 27
Views: 2943

Re: Regrets from canceling whole life insurance policy - anyone out there?

Isn't this a classic example of suviorship bias? The people most likely to be "happy" not cancelling a whole life insurance policy are dead, and therefore unlikely to respond! I doubt it. I have term life insurance because, if I die prematurely, I want my heirs to enjoy some of the income I would h...
by djpeteski
Mon Nov 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets from canceling whole life insurance policy - anyone out there?
Replies: 27
Views: 2943

Re: Regrets from canceling whole life insurance policy - anyone out there?

I'm trying to be as objective as possible by looking at this from the opposite side of the spectrum before we pull the trigger and cancel the policy. Has your health or lifestyle changes significantly since the onset of the whole life policy? Have you had major health events such as diabetes, heart...
by djpeteski
Mon Nov 12, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 1942

Re: Trying to move out.

Focus on what is important. Do you really want to move in with this gal after dating for 6 months? Why not take a year, rent a place, and see where the relationship goes? Then revisit. It seems like you really care about her, and playing house too soon might ruin the relationship. Putting pressure o...
by djpeteski
Thu Nov 08, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2418

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

I assume you are looking for the best rates:

Fidelity brokered rates as of 11/8/19
6 month: 2.4%
2 year: 3.1%

They don't offer anything at 4% currently, but that could change.
by djpeteski
Thu Nov 08, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: High-end Christmas decorations
Replies: 41
Views: 3919

Re: High-end Christmas decorations

Many stores start deeply discounting items prior to Christmas. While perhaps not the high end you are looking for, we purchased some inflatable decorations from Lowe's a full two weeks before the holiday. By the day after they were pretty much cleaned out except for the most unpopular items.
by djpeteski
Thu Nov 08, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1885

Re: How to plan for bonus without knowing amount?

I don't know how to calculate this into our five and ten year plans. I am going to disagree with the conventional wisdom of "not counting your chickens before they hatch". You are looking to create a 5 to 10 year plan, not spending the money prior to getting it. If for whatever reason the bonus fal...
by djpeteski
Tue Nov 06, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: USAA credit card
Replies: 22
Views: 1683

Re: USAA credit card

The fact that USAA loves to give my money to people claiming to be me precludes any kind of deal one can get from their banking arm. Now it is nearly impossible for me to login or get help, but if your not me then they are an open book. After 23 years of having a checking account with them, it has l...
by djpeteski
Fri Nov 02, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Am I paying too much for life & disability insurance?
Replies: 3
Views: 413

Re: Am I paying too much for life & disability insurance?

Whole life is a rip off. That is your issue right there. If I were you I would get in force 1 million in 20 year or so level term and pay the premiums annually. It should cost you about 600/year. You can always shop disability pretty easily, and that is very much occupation dependent. Be careful to ...
by djpeteski
Thu Nov 01, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle 401k or taxable?
Replies: 27
Views: 1648

Re: Side Hustle 401k or taxable?

If it was me, I would taxable this money. 30k/year is a healthy side hustle, could this grow into a full time business? Even if not do you think you would want to expand something else into a full time business? Having a "war chest" of cash, in order to do, might make a dream into a reality that is ...
by djpeteski
Thu Nov 01, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership
Replies: 28
Views: 1694

Re: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership

One of my favorite activities at the motorcycle festivities in Daytona was go on the manufacturer sponsored test drives. Typically I took a day off of work and received nothing in exchange other than the right to drive the motorcycle. If your that kind of person, that is would have fun test driving ...
by djpeteski
Wed Oct 31, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Time to sell our condo? Advice needed.
Replies: 24
Views: 2578

Re: Time to sell our condo? Advice needed.

The car alone is killing you. Can you sell the car and do without, occasionally renting? If not can you get a more reasonable car? As far as selling the house it is not a bad idea and a decent strategy to get out of debt. It makes it especially good if you think the market will turn down prior to yo...
by djpeteski
Wed Oct 31, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1726

Re: Credit Card Debt for Grandma

If it was me, I would have her stop using the cards.

Pay cash for stuff only. If a card is really necessary, then use prepaid debt.

Stop paying on the cards.

Settle for pennies on the dollar if at all.
by djpeteski
Wed Oct 31, 2018 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7543

Re: Who should I believe?

However, two of the 'experts' I've been reading up on seem to be saying slightly contradictory things: Andrew Hallam recommends a simple three fund portfolio with a home bias, so roughly speaking something like 1/3 UK, 1/3 World,1/3 Gilts, but Lars Kroijer opts to avoid the home bias and just go fo...
by djpeteski
Tue Oct 30, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5204

Re: People with older car, share your unusual repairs

I had a Hundayi that was not that old, and I swear I will never own one of those vehicles again. The headlights took an hour to change, and they went out every 6 months. Two weird repairs: 1) I could not put gas in the car. I would pump, put about 1/3 of a gallon in and the gas pump thought the tank...
by djpeteski
Mon Oct 29, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4921

Re: Should I co-sign for relative?

A close relative of mine has asked me to co-sign for them, lets assume defaulting was not a big risk but the necessity for a co-signer is due to unestablished credit. Would you co-sign this? The co-sign is for a vehicle lease of about $900/month I think you need to revise your risk assessment model...
by djpeteski
Mon Oct 29, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Treasure Island or Bally's in Las Vegas
Replies: 32
Views: 2269

Re: Treasure Island or Bally's in Las Vegas

While I never stayed at TI, I would tend to want to be there with children. It is a little less Vegas than Bally's and if you get stuck (at Bally's) in the tower close to the strip you will be in for some pretty noisy evenings. The only plus side, I can think of, for Bally's is that some rooms will ...
by djpeteski
Mon Oct 29, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12622

Re: Am I doing well financially?

In some senses you are doing very well financially. You have built up a decent equity in your home for your age, and you have some savings. Also I think your house is pretty darn nice. Your household income is fantastic. What debt do you have other than the house? That could be hindering your abilit...
by djpeteski
Thu Oct 25, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Exotic Car Financing
Replies: 37
Views: 1672

Re: Exotic Car Financing

You are cool with a 1800/month car payment? That would totally freak me out and our household income is pretty darn high. Heck, I had a bit of a pucker factor when my mortgage was that high.
by djpeteski
Wed Oct 24, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7690

Re: For those who paid off house - how did you do it?

#1 but also scored a sweet refi deal. I went into my bank and inquired about getting a home equity loan, fixed rate and first position, for the lowest possible interest rate. They responded with a 7 year loan at 2.62% and no closing cost. It was lower than the teaser rate they were advertising. I wa...
by djpeteski
Wed Oct 24, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1459

Re: Withdraw 401k for Down Payment

.... result have a three small 401ks: 30k, 14k and 13k. I can understand them not seeming like much but combined that is 57k, not a small amount of money. How excited would you be if you won 57K in a lottery? Roll them into one Rollover IRA. The best way to come up with a down payment is to get on ...
by djpeteski
Fri Oct 12, 2018 1:33 pm
Forum: Personal Consumer Issues
Topic: How important is it that dentist is member of ADA?
Replies: 13
Views: 1268

Re: How important is it that dentist is member of ADA?

I think it really depends on the stance on Trident for patients that chew gum.
by djpeteski
Fri Oct 12, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: independent advisor
Replies: 22
Views: 1847

Re: independent advisor

I would agree with the other posts. What is so uncommon about your situation? From what you posted so far, nothing. The first thing you need to do is to figure out if you can retire. If the answer to that is "No", you need to find a way to get working again. While not easy in execution, those are pr...
by djpeteski
Thu Oct 11, 2018 6:59 am
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 14536

Re: Tips for staying active / injury-free into older age

I am not doing sports. I understand that with sports you can get injuries. I was always doing my own yardwork, kept me moving. Now being over 70, doctor says that body parts most moved get injured first due to wear. Not sure I understand this. Just a tad over 70 here and have run for over 46 years....
by djpeteski
Thu Oct 11, 2018 5:55 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5270

Re: Feeling Guilt among family/peers

...I’m hesitant in talking about it with those closest to me because they find the amount “ridiculous””way too much”, etc... ...I feel like I offend people when I say I’m going on another trip. I’m not in any way bragging; I’m just living my life. Judging only from your original post, you are not y...
by djpeteski
Wed Oct 10, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it
Replies: 14
Views: 1378

Re: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it

I think the whole place is a rip off. I would avoid it.
by djpeteski
Wed Oct 10, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: self-employed professional - the best way to get things started?
Replies: 27
Views: 2533

Re: self-employed professional - the best way to get things started?

The financial media has a vested interest for you to do things out of order. Your first step, IMHO is to live very frugally and pay off those student loans. Forget about saving for a house how. Holy cow .5 million in loans. I would have a goal of making them go away in 4 years or less. You said "no ...
by djpeteski
Tue Oct 09, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2307

Re: Job Opportunity - Via Staffing Agency

To me this is a pretty standard practice and I doubt that you will get a firm offer ahead of time. This is part of an audition, and they will want to see if you are a good fit for the firm before making you an offer. Really there are three possible outcomes: The first is they offer you a full time p...
by djpeteski
Tue Oct 09, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1693

Re: Refinace house but how?

mort439 wrote:
Mon Oct 08, 2018 8:43 pm
...and I would have to do the longest term of the loan to afford it.
This indicates that you cannot afford the remodel. Sorry for the bad news.
by djpeteski
Tue Oct 09, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Which is better CD - rates and terms?
Replies: 65
Views: 5624

Re: Which is better CD - rates and terms?

Currently on FIDO:


2.1 3 month
2.25 6 month
2.6 1 year

I'd go about a 1/3 in each, favoring the 3 month-er. I don't think we are done with interest rates yet.
by djpeteski
Mon Oct 08, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1098

Re: Planning with around 500K ( helping a friend)

IMHO it comes down to something the OP said, that the person in question said: "maintaining our current lifestyle", so really its a choice. He is choosing to work well into retirement. For example, if this person could live off of 30k/year, he could retire at age 62 with his current savings. If he i...
by djpeteski
Fri Oct 05, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 37
Views: 4268

Re: Switching Careers - From IT to Police Officer

Every single thing you do will be second-guessed. My son is a state trooper and is using it to his advantage. It helped pay part of his undergrad and is paying a large portion of law school. In the end it will be really good for him. However, in support of Que1999's claims I'd like to relate an ant...
by djpeteski
Fri Oct 05, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3838

Re: Tackling Disney World

To this day, my mother still tells the story of the time we went to Disney when I was younger and the entire time my sister and I complained it was too hot and the lines were too long and wanted to go back to the hotel to swim. One thing about the resort area in Orlando, there are some really nice ...
by djpeteski
Fri Oct 05, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Tackling Disney World - Discount on tickets?
Replies: 65
Views: 3838

Re: Tackling Disney World - Discount on tickets?

The best deals, typically, for Disney (FL) tickets are for Florida residents. If you buy from the booth you will need to show proof of Florida ID, which out of stater's don't typically have. Now, occasionally Publix will sell tickets from their Florida stores and you can buy them there and they don'...
by djpeteski
Wed Oct 03, 2018 6:19 am
Forum: Personal Consumer Issues
Topic: Shows in Las Vegas for 6 and 8 year old
Replies: 23
Views: 1593

Re: Shows in Las Vegas for 6 and 8 year old

denovo wrote:
Tue Oct 02, 2018 2:36 pm
It must be a while since you've been to Vegas. It's been shuttered since 2013.
It has, sadly. :?
by djpeteski
Tue Oct 02, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Shows in Las Vegas for 6 and 8 year old
Replies: 23
Views: 1593

Re: Shows in Las Vegas for 6 and 8 year old

Gregory Popovich Comedy Pet Shows. I think they are in Planet Hollywood. That would be my number 1 choice, and its very inexpensive. Tournament of Kings - Excalibur. When I was there, there was a whole festive activity thing going on with plenty of things to do for the kids. The kids might enjoy som...
by djpeteski
Mon Oct 01, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 62
Views: 10928

Re: Anyone want to share their monthly budget? Here's ours

Tyrobi wrote:
Wed Jan 24, 2018 4:53 pm

Gift/Charity: $500
Thank you for being one of the few budgets that includes significant charitable giving. IMHO, this is a key part of wealth building.
by djpeteski
Mon Oct 01, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Used Car on Lot for Year and a Half
Replies: 36
Views: 3645

Re: Used Car on Lot for Year and a Half

sunny_socal wrote:
Mon Oct 01, 2018 3:55 am

Sure there is, I have one sitting in my driveway. 2007 Honda Pilot with 130k miles and it's good for another 130k at least. Value $5k.
I'd buy your pilot! :D
by djpeteski
Wed Sep 26, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: First-time victim of credit card fraud
Replies: 48
Views: 3963

Re: First-time victim of credit card fraud

To me, what strikes me, is the little amount the credit card companies care about fraud. All they care about is getting a new card in your hand as fast as possible. Of course they pass the cost onto the merchant, and that makes me feel a little bad for them.
by djpeteski
Wed Sep 26, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: Vacation without saving adequately?
Replies: 70
Views: 5188

Re: Vacation without saving adequately?

Yes, however we do a zero based budget and every dollar is accounted for. We have a specific vacation/travel sinking fund and it does not have enough. We have the cash, but we would be taking away from other earmarked expenses we are planning on. When is the trip? I am assuming late November as the...
by djpeteski
Wed Sep 26, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1267

Re: First time home buyer and Rookie investor looking for advice on home buying process

Help needed: Because the appraisal is off by close to 2% and on top of the additional required updates needed one part of me says we need to negotiate down closer to $306,000. As we will lose a good few years of appreciation on the house (I understand we don't know the future it will appreciate) so...
by djpeteski
Wed Sep 26, 2018 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Best way to get $100k cash
Replies: 86
Views: 7735

Re: Best way to get $100k cash

Hello, is there any way to get - $100k from like credit card cash advance or some other way - with 0 (or low) fees - with a year of 0% APR. I can pay it off before the 1 year deadline when the 0% APR ends. Basically, I am looking to swap my 3.625% mortgage with 0% credit card loan (with 0% one time...
by djpeteski
Fri Sep 21, 2018 6:10 am
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5524

Re: State Farm nickel-and-diming me

You could consider yourself very lucky State Farm is willing to pay any portion of this claim. Despite their marketing, they are pretty terrible.
by djpeteski
Wed Sep 19, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 14
Views: 1941

Re: New job offer

I currently drive about an hour each way, I wish I could ride the hour instead of drive. What you do with that time will make all the difference to your life. If you plan on spending it smoking and drinking, I would say keep your current job. If you can spend it reading, writing, even sleeping I wou...
by djpeteski
Wed Sep 19, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 4171

Re: “Majority of working-age Americans have no retirement savings”

The median retirement account balance among working-age Americans is zero, according to a research report by the National Institute on Retirement Security, a non-profit research group based in Washington. ... The report found about 80% of working Americans have less than one year's income saved in ...