Search found 593 matches

by talzara
Sat Oct 20, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed
Replies: 19
Views: 1341

Re: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed

Just opened the policy declaration for our home insurance, and I was really shocked to see a 47.8% rate increase :annoyed . I talked to them and they claim that this increase is due to "increased inflation rate" and also "yearly rate adjustment" :shock:. I have not filed for any claims during the p...
by talzara
Sun Oct 07, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Shorting and buying a stock in two accounts (one is retirement account)
Replies: 19
Views: 1322

Re: Shorting and buying a stock in two accounts (one is retirement account)

Hey Talzara, you say 'When you short a stock, the date you opened the position is the date you sold the stock.' I need to give a specific example: 1 - I buy AMZN in my retirement account TODAY and few seconds later I short sell it in my regular account. 2 - I wait couple months and AMZN goes up 10%...
by talzara
Fri Oct 05, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Shorting and buying a stock in two accounts (one is retirement account)
Replies: 19
Views: 1322

Re: Shorting and buying a stock in two accounts (one is retirement account)

Am I allowed to buy a stock in my retirement account and short sell the same stock in my regular (non-retirement account) at the same time (within seconds)? I know you will ask why would you do something like that. I need to do this hoping that the stock will go up by the end of this year so that I...
by talzara
Thu Oct 04, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4929

Re: Need Health Insurance (Non-ACA Options)

That's surprisingly higher than ours, we're mid-40s with 3 kids, and pay ~14500. Given that I'm in Massachusetts, which I thought has the most expensive health care in the nation, you may be right that that's a bad deal. Or maybe you just live in a 33% less healthy zip code? Massachusetts has Romne...
by talzara
Thu Oct 04, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4929

Re: Need Health Insurance (Non-ACA Options)

I was estimating the cost and deductible, but I am in York county. I don't think the 2019 plans are out yet for PA. Unfortunately, rating area 7 (Adams, York, Lancaster, Berks) costs much more than rating area 8. The 2019 rates have already been filed, but they have not yet been approved: https://w...
by talzara
Thu Oct 04, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4929

Re: Need Health Insurance (Non-ACA Options)

ACA plans will cost my family of 4 over $20,000 per year before we even take into account the over $12,000 deductible. To me this is outrageous, and I am looking into alternatives. Which county of Pennsylvania do you live in? I don't see that plan on healthcare.gov for Rating Area 8 (Philadelphia, ...
by talzara
Sat Sep 15, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2315

Re: ACA - Silver plan cost sharing worth it?

For me Bronze was the best subsidized deal. Bronze plans are the best deal for those who are either healthy or very sick. If you're healthy, the lower premium will offset the lower actuarial cost ratio. If you're very sick, the plan has the same out-of-pocket maximum as the other plan, but the prem...
by talzara
Sat Sep 15, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2315

Re: ACA - Silver plan cost sharing worth it?

I'm in the 3rd biggest city in the US and there is 1 HSA plan. It is bad-expensive for such a high deductible. $1036/mo premium (ages 48/41), $8550 deductible, 13,100 OOP. Your premium is broadly in line with healthcare costs. US GDP per capita is $53,000. Healthcare spending is 18% of GDP. That wo...
by talzara
Sat Sep 15, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

VGI isn't there when you hold. It only comes into the picture again when you sell. That's an almost infinitesimal share of the duration for a buy and hold investor and hence the long run firm risk, which goes with duration. They can argue that you do take out a loan implicitly by having the line of...
by talzara
Sat Sep 15, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA near-retiree begins to consider retirement now
Replies: 22
Views: 1332

Re: TIAA near-retiree begins to consider retirement now

But apparently, from what we see here all the time, VAs at most other insurance companies are terrible high fee products. TIAA's VAs have a simple, uncapped payout adjustment algorithm and they can be "immediate" if you so choose. This means you can invest your $$ in their low ER S&P 500 index fund...
by talzara
Sat Sep 15, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

zmaqoptyxbglp wrote:
Sat Sep 15, 2018 3:22 pm
The definition of the debit balance can be argued to include a 0% interest loan, which is the allowed margin.
No, it can't. It doesn't matter what the interest rate is: 0%, 10%, or even -10%. If you do not take out the loan, your debit balance is still zero.
by talzara
Sat Sep 15, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

I feel like you are willfully mischaracterizing my point here. I never said that VGI goes away in the liquidation process. They are not involved in the holding process if you hold in a brokerage account. I repeated multiple times that you are only reducing your risk in the holding process , since a...
by talzara
Sat Sep 15, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

I said that it does apply, but that the broker can claim that they extended the line of credit to you, that you didn't use (if you have $1000, they extending a line of credit more than $700 means that 140% of that is about $1000 which they are free to loan out). So an argument could be made that th...
by talzara
Sat Sep 15, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

You are correct that the segregation requirement means that run-of-the-mill creditors of the brokerage house cannot touch client assets. However, the segregation requirement does not mean that the brokers are forbidden from hypothecating and potentially losing all your assets. They are specifically...
by talzara
Sat Sep 15, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

You are the named owner in the first case, but if VGI as the holder makes accounting mistakes in the process of holding it like an accounting error, there is nothing protecting against it. In holding it through the broker, there is insurance against risk of any accounting errors or fraud happening ...
by talzara
Sat Sep 15, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

I feel like you are mixing up the issuer (which is a mutual fund like the Vanguard 500 Index Fund Company), and the holder (The Vanguard Group Inc) in the case where you hold directly in a mutual funds only account. The investor is the "holder." VGI is the transfer agent. It says so in the fund pro...
by talzara
Sat Sep 15, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

If shares were issued and held by the brokerage, the mutual fund can't just "say" that you do or don't own shares. The process of issuing shares and treatment thereof is covered by strict rules such as the Investment Company Act of 1940, the Securities Act of 1933, the Uniform Securities Act, etc. ...
by talzara
Sat Sep 15, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

And you are incorrect about Vanguard rehypothecating securities. Quotation from Vanguard Brokerage Account Agreement (https://personal.vanguard.com/pdf/v718.pdf): I didn't say anything about VBS. This is what I said: VGI doesn't rehypothecate the shares. What's the risk that you're trying to insure...
by talzara
Sat Sep 15, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

1. It is unclear that even using a cash only account prevents the broker from lending out securities since the law simply states that the broker can lend out upto 140% of the issued line of credit, and they can always claim that the line of credit had been extended but was just not being used. No, ...
by talzara
Sat Sep 15, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

I disagree with that. If securities are held directly, you do remove the risk that the brokerage will fail and hence potentially take any assets with it. This is one of the things the SIPC protects against, that I agree becomes moot in holding securities directly. But the SIPC insurance also protec...
by talzara
Sat Sep 15, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

Whatever assets you hold at Fidelity are not yours now. They're held in street name. They're owned by Fidelity. They're just held in your favor. Fidelity can potentially run into various deals and hypothecate what you think is now yours, since it is actually owned by Fidelity. We do not know what F...
by talzara
Sat Sep 15, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Assets Held In Street Name
Replies: 52
Views: 1506

Re: A Great Reason to Consider Vanguard's Brokerage Services

The Vanguard representative seems to be confused. This is the full quote from the Vanguard representative: “The Vanguard funds that are held in a brokerage account are still owned by the client, in the client’s name and can always be redeemed at any point. “They can certainly be co-mingled with othe...
by talzara
Thu Sep 13, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance - Price vs. Quality
Replies: 21
Views: 1647

Re: Homeowner's Insurance - Price vs. Quality

Does one outweigh the other when considering insurance companies. Amica was astronomical at 176/mo. USAA and Geico were middle of the road around 100/mo. Liberty Mutual was the lowest at 80/mo. When it comes to H.O. policies, do you “get what you pay for?” No, you should not use price to judge qual...
by talzara
Thu Sep 13, 2018 5:20 pm
Forum: Personal Consumer Issues
Topic: Storm Window Noise Reduction
Replies: 3
Views: 389

Re: Storm Window Noise Reduction

Currently, I have double-hung Vinyl windows. I am trying to get a small increase in sound attenuation from my bedroom windows. (Those appear to be the weak points in the bedroom.) Does anyone have an idea of how much attenuation (in dB) I can expect by adding a standard (aluminum frame, triple-trac...
by talzara
Wed Sep 12, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner insurance coverage
Replies: 21
Views: 1241

Re: Homeowner insurance coverage

Yes. Of course. Know exactly what you mean. See, I hate the color blue, don't use it at all. Never. Instead I use indigo. Here's a very recent piece that addresses the connection of predictive modeling and premiums (price optimization) SnakeFarm and Amica can deny it all they want. Savvy consumers ...
by talzara
Wed Sep 12, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner insurance coverage
Replies: 21
Views: 1241

Re: Homeowner insurance coverage

Play around with semantics if you wish. Technically, you are correct. SnakeFarm Insurance is right! When they say they do not engage in price optimization. They just call it predictive modeling instead. Guess that somehow sends better? Using data mining extensively, they come up with a profile, a n...
by talzara
Wed Sep 12, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner insurance coverage
Replies: 21
Views: 1241

Re: Homeowner insurance coverage

Good moves. Before we leave this thread, however, I should caution you about SnakeFarm and their practices. Since you wrote you have been with them for 5 years now you are getting dangerously close to that 6-9 year level where they will pull "price optimization " on you. (Unless your Calif Attorney...
by talzara
Wed Sep 05, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Electric dryers more efficient than gas?!?!?!?
Replies: 22
Views: 2711

Re: Electric dryers more efficient than gas?!?!?!?

So apparently if I want to know the real operational cost of a natural gas unit, perhaps I have to do a lot more math and conversions. But Samsung (the most likely brand), seems to provide rather poor information to do such conversions and comparisons with. :( Gas is selling for under $1 a therm in...
by talzara
Wed Sep 05, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Electric dryers more efficient than gas?!?!?!?
Replies: 22
Views: 2711

Re: Electric dryers more efficient than gas?!?!?!?

Heat pump clothes dryers are far more efficient than gas, in fact >100% efficient. Like heat-pump HVAC equipment, they can achieve this feat because they do not use energy to create heat, but merely move it from place to place. In some situations, this advantage more than makes up for the cost diff...
by talzara
Wed Sep 05, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Electric dryers more efficient than gas?!?!?!?
Replies: 22
Views: 2711

Re: Electric dryers more efficient than gas?!?!?!?

One problem that can arise with electric dryers is that people sometimes install them in basements or garages and not vent the exhaust to outside the building, that often causes higher humidity can lead to mold issues. You're talking about electric vented dryers. The highest-efficiency electric dry...
by talzara
Wed Sep 05, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Auti/Home Insurance with different Companies and Umbrella
Replies: 10
Views: 1004

Re: Auto/Home Insurance with different Companies and Umbrella

I have auto with GEICO and home with Liberty Mutual. I also had Umberella with GEICO. Recemtly they dropped our umbrella due to a recent accident (nothing too major, just a car skidding on ice amd getting some cosmetic damage). They are still cheaper for us for home amd auto. Are there any companie...
by talzara
Mon Sep 03, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

Can you give us the source for the figure that 85% of umbrella risk is auto? Does that mean 85% of the settlements and judgments paid by umbrella policies is for auto claims? Does it mean that 85% of the number of cases arise from Auto cases? Does it mean that 85% of the total cost to insurance com...
by talzara
Mon Sep 03, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

This is a good point that came up with USAA when getting the quote. I have a $1M in homeowners insurance but not with auto. Say you get comparable $ coverage without going the umbrella route. What additional benefits do you get besides higher $ coverage amount? An umbrella policy usually has fewer ...
by talzara
Sun Sep 02, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

I still believe the driver is liable just for the 10% only if the other drivers can pay their share. If they can't it's all on him. This law firm below says there could indeed be a requirement for all damages to be paid by one slightly at fault party. (excepting pain and suffering damages since Pro...
by talzara
Sun Sep 02, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

But that higher auto liability coverage only covers you for liability arising from automobile related problems. Getting an umbrella policy gives much broader coverage. Excess auto liability is 85% of the umbrella risk. If you're worried about the other 15%, many homeowners insurers also offer $1 mi...
by talzara
Sun Sep 02, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

I think in many cases it's very reasonable to skip it... For example, if you and your spouse don't drive all that much, and have no driving kids, the probability of ever needing this insurance is extremely low. You can just max the liability on your auto insurance, and be done with it in my opinion...
by talzara
Sun Sep 02, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29913

Re: Umbrella insurance..who has it? Is it recommended?

Under the state's law, if someone is only 10% at fault in a multiple car accident, but nobody else involved has any insurance or assets, the 10% guy can be liable for all damages. The court decided that the client met the 10% category because he could have "dodged" the collision instead of just mas...
by talzara
Sat Sep 01, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

That makes little sense from the insurer's perspective because it's the same money outlay on their part either way, but I agree that it seems that is indeed the case. Of course, you could immediately sell the newly reconstructed home if you wished. The ACV clause is in the policy to penalize arson....
by talzara
Sat Sep 01, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

Absolutely. It's nonsense that a house insured for replacement value is going to be depreciated. The insurer is obligated to rebuild the structure to its original condition (approximately). Nobody said it wasn't. We were talking about what you get if you walk away from the house. The insurer will w...
by talzara
Sat Sep 01, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

Actual Cash Value is replacement cost minus depreciation. They will depreciate the house based on its age and its expected life. Major components like roofs and kitchens might be newer than the rest of the house, so they would be depreciated separately. Since the house is 79 years old and there hav...
by talzara
Sat Sep 01, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers why when I send money to my account, the account is under their name?
Replies: 5
Views: 750

Re: Interactive Brokers why when I send money to my account, the account is under their name?

In Italy you usually put money in a bank investing account that is under your name then you use this account to buy/sell stocks/bonds/ETF. InteractiveBrokers seems different, if I open with them I need to send money to a bank account that is under their name, NOT my name . Pretty scary. Is this nor...
by talzara
Fri Aug 31, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: now or workout first
Replies: 23
Views: 2379

Re: Term life insurance: now or workout first

My problem is a sedentary lifestyle and fatherhood means I'm not as fit as I was a few years ago. Nothing too bad thankfully but I would probably be mid-tier (25 BMI with not the best numbers on cholesterol and whathaveyou) when it comes to insurance premiums. Relax. The life insurance companies ar...
by talzara
Fri Aug 31, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

It said my roof was more than 10 years old. It isn't that old, since I have proof the previous owners replaced it in 2012. I assume the insurer just doesn't want to write policies here any longer. In most states, an insurance company does not have to find an excuse to non-renew your policy. They ca...
by talzara
Fri Aug 31, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

I wonder how much the two amounts would vary? How might you know the Actual Cash Value? Our County real estate assessments (updated every year) show land $455,000 and house $202,000 total $657,000 Actual Cash Value is replacement cost minus depreciation. They will depreciate the house based on its ...
by talzara
Fri Aug 31, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

Another is that, even in a total loss, you would probably have the choice of rebuilding or a check for the replacement value. Probably not. Only a few high-value policies offer the option of walking away with a check for replacement cost. The ISO HO-3 and HO-5 policies say: We will pay no more than...
by talzara
Fri Aug 31, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2702

Re: State Farm - Homeowners discount :)

Must be nice. Got my homeowners renewal packet in the mail this week (or so I thought). Instead of ~$1500-2000 / year, they are declining to write a policy because they think my 7 year old roof is too old. Not awesome to live somewhere with large hail claims... Did the letter say that your roof was...
by talzara
Mon Aug 27, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Pension plan details about annuity value
Replies: 11
Views: 725

Re: Pension plan details about annuity value

Google pension plan documents. You should get a link to dept of labor. See what you can find. The Department of Labor no longer gets copies of Summary Plan Documents, but they don't say anything about the full plan document. The Taxpayer Relief Act of 1997 eliminates the requirement of plans to fil...
by talzara
Mon Aug 27, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Pension plan details about annuity value
Replies: 11
Views: 725

Re: Pension plan details about annuity value

Has anyone been able to obtain their own "Plan" document (not the SPD)? Does anyone know if the plan may be available from an arm of the government? The IRS may have a copy of the plan document, but only if the plan sought a determination letter within the last 10 years. You may request a copy of a...
by talzara
Sat Aug 04, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3074

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

Just to be absolutely clear on basements, here is a statement from FEMA to Michigan flood residents re basement coverage just last year: https://www.fema.gov/news-release/2017/08/25/what-does-flood-insurance-cover-basement Unpainted drywall in basements is covered. I think folks were getting confus...
by talzara
Sat Aug 04, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Home is *just* outside flood zone - how much flood insurance do I buy?
Replies: 50
Views: 3074

Re: Home is *just* outside flood zone - how much flood insurance do I buy?

No, it's for buildings that have basements. If you have a basement, then your house is not elevated. Drywall is covered in unfinished condition. If your house is elevated, then you don't have a basement. Drywall is not covered. I guess this got changed. When I had flood insurance, the basement wasn...