Search found 49 matches

by gougou
Wed Jan 24, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?
Replies: 7
Views: 732

Re: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?

Can you short some ETF such as S&P500 ETF to reduce your effective equity exposure? For example, if you have $1M in diversified stocks you can short $300K stock ETF to have $700K effective stock exposure. This way you don't have to pay LTCG taxes. You can then buy $300K of bond ETF to have an effect...
by gougou
Tue Jan 23, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: What credit card should I get?
Replies: 12
Views: 1131

Re: What credit card should I get?

Bank of America's Cash Rewards credit card is pretty good for gas (3% cashback) and grocery store (2% cashback). It gets 1% on everything else. If you use Merrill Edge brokerage and have $100K+ in it you get 5.25% on gas and 3.5% on grocery. No annual fee. Amex Blue Cash Everyday gives 3% on grocery...
by gougou
Tue Jan 23, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 85
Views: 5935

Re: Cost of living comparison (HCOL vs LCOL)

You should just compare how much you can save up if you are renting. Rent is the expense that combines property taxes, maintenance, cost of capital etc. For example: HCOL $6000 net pay - $3000 rent - $1000 other cost = $2000 saved per month LCOL $4000 net pay - $1500 rent - $900 other cost = $1600 s...
by gougou
Mon Jan 22, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 956

Re: Purchasing house we currently rent from in-laws

Buy the house (and take out a mortgage) at the appraised value because any other value can make tax matters more complex. Work out the gift money separately. In this scenario, would we take out a mortgage at say $250K, they get their check and then give us $60K, which we would use to pay down the m...
by gougou
Fri Jan 19, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 956

Re: Purchasing house we currently rent from in-laws

Buy the house (and take out a mortgage) at the appraised value because any other value can make tax matters more complex. Work out the gift money separately.
by gougou
Fri Dec 22, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: How I got to $1.5MM
Replies: 42
Views: 7457

Re: How I got to $1.5MM

Very inspiring story! I can feel the emotion and stress during the hard times. I'm too young and never struggled through a recession so this is a great lesson for me!
by gougou
Tue Dec 19, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Alliant 3/2.5% card - any experience?
Replies: 32
Views: 4194

Re: Alliant 3/2.5% card - any experience?

I applied for the credit card without joining the CU. Application was denied a few hours later with no explanations given to me. Called and they couldn't give me a reason. Maybe I have applied to too many credit cards recently. Credit score around 750, income > $200K, 6 to 7 credit cards and 1 mortg...
by gougou
Tue Dec 19, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10829

Re: How much did you contribute to your 401k in 2017?

me, 27: $18K + $9K employer match wife, 28: $0 because her employer has no 401k match Passing up on tax deferral because of no match is a mistake. The plan would need expense ratios exceeding 2% to make it not worthwhile to consider investing in it. What is your tax bracket? 33% Federal tax bracket...
by gougou
Tue Dec 19, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9526

Re: Best 401k Employer Match Structure

My company LinkedIn (Microsoft) provides 50% match on 401K contributions up to $18000 of contribution in 2017. Vesting is immediate. It is forcing me to contribute all $18K to get the matching contribution. But I think it is a pretty competitive plan. As I mentioned above, Microsoft's plan also all...
by gougou
Tue Dec 19, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10829

Re: How much did you contribute to your 401k in 2017?

me, 27: $18K + $9K employer match
wife, 28: $0 because her employer has no 401k match
by gougou
Mon Dec 18, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 39
Views: 3647

Re: Where do you read financial news?

Where do you guys read financial news everyday? Yikes! Reading the "financial news" every day would probably be really bad for your portfolio. Anything worth knowing or potentially acting on happens on the scale of months, not days. Skip the "daily" media and focus on monthly or perhaps weekly. I d...
by gougou
Mon Dec 18, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 115
Views: 9526

Re: Best 401k Employer Match Structure

My company LinkedIn (Microsoft) provides 50% match on 401K contributions up to $18000 of contribution in 2017. Vesting is immediate. It is forcing me to contribute all $18K to get the matching contribution. But I think it is a pretty competitive plan.
by gougou
Mon Dec 18, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 39
Views: 3647

Where do you read financial news?

Where do you guys read financial news everyday? Any good sources you recommend?
by gougou
Fri Dec 01, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Considering Building Gaming PC - Good Builds/Price Points?
Replies: 34
Views: 2492

Re: Considering Building Gaming PC - Good Builds/Price Points?

$720 CyberPowerPC: $180 -- i5 7400 $240 -- RX 580 $80 -- B250 Motherboard with WiFi $90 -- 8G RAM $40 -- 1TB HD $40 -- PowerSupply $40 -- Case $30 -- Keyboard & Mouse ------------- $740 subtotal $90 -- Windows 10 ------------- $830 total $1599 CyberPowerPC: $415 -- i7 8700K $40 -- liquid cooler $545...
by gougou
Fri Dec 01, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Considering Building Gaming PC - Good Builds/Price Points?
Replies: 34
Views: 2492

Re: Considering Building Gaming PC - Good Builds/Price Points?

CyberPowerPC sells some pretty good PCs on Amazon.

$720 budget PC with spec:
i5 7400
AMD RX 580
8GB RAM
1TB HD
Wifi
Windows 10

$1599/$1799 Gaming PC with specs:
i7 8700K
GTX 1080 / GTX 1080Ti
16GB RAM
240GB SSD + 2TB HD
Wifi
Windows 10

I don't think you can build these PCs with these prices.
by gougou
Wed Nov 29, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 17122

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by gougou
Mon Nov 27, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unnveil

And GM is a company that has 15x that revenue ($166 Billion in 2016). Yet Telsa is already priced worth MORE than GM. So even if Telsa does triple their revenue in the next 2 years, they will still be nowhere near GM's revenue. Yet Telsa is priced more than GM TODAY. GM has $92B total debt while TS...
by gougou
Wed Nov 22, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 5687

Re: Advice to become wealthy

I bet people whose goal is to become wealthy are the least likely to achieve it. I bet that people who don't even think or try will never become wealthy. People who think about being wealthy and try to become wealthy at least have a chance. OP, I think the best way to become wealthy is to be able t...
by gougou
Wed Nov 22, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unveil

So where 100 miles in a model S according to Tesla is $4.01, in my area and electric rates, it's $6.35. It says I'll save $8.84 in gas. Funny, my calculations with my car, my gas cost, my 100 mile run costs $8.00. So yes, I save $1.65 for the 100 miles, but the car costs 4 times what a new replacem...
by gougou
Wed Nov 22, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unnveil

"Relatively" efficient is right, and a potential flaw in the idea. The market is not perfectly efficient, and you're not the only person who invested in Tesla based on personal sentiments, rather than an attempt at evaluating it. Pretty much everybody I know who has mentioned owning Tesla said the ...
by gougou
Tue Nov 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 27931

Re: Why not take Social Security at 62

Hi all, Although this decision is a ways off for me, I am doing a little math and research regarding when it's "best" to take Social Security. Most of what I find on the web says to wait at least until age 67 (my full benefit age). I am having a difficult time making the math justify most of what I...
by gougou
Tue Nov 21, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Holding CHF at Everbank?
Replies: 10
Views: 1128

Re: Anyone Holding CHF at Everbank?

I use Interactive Brokers and they can hold up to 100K CHF at 0% interest rate (over that amount is about -1%/year I think). You can also just convert CHF into USD in the brokerage account because the exchange rates are more favorable than banks. I use Interactive Brokers for all my currency convers...
by gougou
Tue Nov 21, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unnveil

I like Tesla's product and that's the main reason I am buying Tesla's stock. That is a TERRIBLE reason to have 10% of your money in a stock. But it has worked for me so far. Assuming the market is relatively efficient and has already priced most factors into the current stock price, then my persona...
by gougou
Mon Nov 20, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unnveil

So what do you guys think about Tesla stock? I have about 10% of my stock portfolio in TSLA. Have you been reading here long? Very few people here recommend big allocations to single stocks. But if you want my opinion (which is worthless, but you are the one asking strangers on the Internet), I thi...
by gougou
Fri Nov 17, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 9508

Re: Tesla truck unnveil

So what do you guys think about Tesla stock? I have about 10% of my stock portfolio in TSLA.
by gougou
Mon Nov 13, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1592

Re: At what rate of return would you keep a whole life policy?

The overall return of the policy has been abysmal, but my calculation of the internal rate of return is about 5.02% going forward, even after ongoing premiums are included. Part of the surrender value is guaranteed and some is not, but the projections so far after 2009 have been accurate from year ...
by gougou
Fri Nov 10, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4377

Re: Inexpensive house or condo as home base (MKE?)

The following is an irresponsible statement..I'll leave it at that. ...I don't know much about Milwaukee but yes, I think the local economy was causing people to move away. So why did people move away for the past 40 years in your opinion? Or are you disputing that as well? Milwaukee is inside or v...
by gougou
Fri Nov 03, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1871

Re: Side Hustle

Uber driver? Airbnb a part of your house? Or buy a vacation property and Airbnb?
by gougou
Wed Nov 01, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Have mother-in-law pay for mortgage?
Replies: 32
Views: 2835

Re: Have mother-in-law pay for mortgage?

Wait a minute. MIL must report the interest income whether or not OP deducts the interest. Furthermore, with the "private loan" you describe, MIL also must report the interest income. This board frowns on recommending tax evasion. Ask me how I know. :( Gill OK, got it. I removed my inappropriate re...
by gougou
Wed Nov 01, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Have mother-in-law pay for mortgage?
Replies: 32
Views: 2835

Re: Have mother-in-law pay for mortgage?

My wife and I are considering to make my mother-in-law a proposal. We currently purchased a home (6 months ago). The purchase price was $175,000. We have a 30 year mortgage of $130,000 at 4.125% (fixed). We were considering asking her to pay off the mortgage outright and we would pay her the money ...
by gougou
Wed Nov 01, 2017 2:44 am
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4377

Re: Inexpensive house or condo as home base (MKE?)

Do you know this city Milwaukee very well? A quick look up on Wikipedia shows that the population has been decreasing for the past 40 years (from 740K to 590K) and this is never a good thing for real estate prices. In California it's hard to find sub $100K houses. But houses in the Central Valley a...
by gougou
Tue Oct 31, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4377

Re: Inexpensive house or condo as home base (MKE?)

Do you know this city Milwaukee very well? A quick look up on Wikipedia shows that the population has been decreasing for the past 40 years (from 740K to 590K) and this is never a good thing for real estate prices. In California it's hard to find sub $100K houses. But houses in the Central Valley ar...
by gougou
Thu Oct 26, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: The case against leverage...
Replies: 14
Views: 1725

Re: The case against leverage...

I am a real estate investor myself so I may be biased. But comparing stocks with un-leveraged real estate is also unfair, because most stocks are inherently leveraged -- Most companies have debt on their balance sheet. By buying stocks, you are buying the assets of the company with leverage. Your fr...
by gougou
Thu Oct 26, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1408

Re: First Time Home Buyer Products

10% down, 80% first mortgage and 10% second mortgage to avoid mortgage insurance? I know one of my friend did this.
by gougou
Thu Oct 26, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Career advice: Ok to work as a Commission-Based FA?
Replies: 18
Views: 1470

Re: Career advice: Ok to work as a Commission-Based FA?

What's the ER of those funds? 1% to 2% probably What is the "value" that you are standing for? To not give a dishonest advice according to what I believe OK 1%+ ER does sound high. Maybe you should try to find some other financial products that you feel more comfortable selling, and getting compens...
by gougou
Thu Oct 26, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Career advice: Ok to work as a Commission-Based FA?
Replies: 18
Views: 1470

Re: Career advice: Ok to work as a Commission-Based FA?

What's the ER of those funds? If they are not outrageously high then I don't see a big problem. I believe the idea that all people should buy robo-strategy low ER fund (such as an index fund) is flawed. I bought a whole life insurance policy through a broker (I am the insured and currently my parent...
by gougou
Mon Oct 23, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: 100% equity allocations v.s equity-bond allocations
Replies: 29
Views: 2915

Re: 100% equity allocations v.s equity-bond allocations

It's interesting that you see all kinds of posts talking about 100/0, 95/5, 90/10, 80/20 equity/bond AA in the current bull market. Bonds/CD give you near-guaranteed return starting on day 1. Stocks don't. Stocks may not provide you any return at all for the next 15 years. Just look at some European...
by gougou
Fri Oct 20, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Is my rental property worth keeping?
Replies: 28
Views: 2180

Re: Is my rental property worth keeping?

If you factor in repairs and vacancy, your rental property is slightly negative cash-flow. But the appreciation was not bad -- 6%/year. Is this rental in a high demand area? Do you think this will continue? I don't recommend selling the rental because of all the work/commissions involved. And I don'...
by gougou
Fri Oct 20, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: To invest or not to invest
Replies: 6
Views: 680

Re: To invest or not to invest

Is there any way you can refinance that student loan? 6.8% is expensive. Even a personal unsecured loan might be lower than that. Or you can get more creative by getting a 0% APR credit card to pay off that student loan.
by gougou
Thu Oct 19, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Am I paying too much for insurance?
Replies: 18
Views: 2003

Re: Am I paying too much for insurance?

Your home insurance looks really expensive. We are with Farmers insurance and here are our numbers: Home Insurance: $1.2M house, $550K replacement cost, $2500 deductible $578.07/year This really seems hard to believe. What does $1.2M house, $550k replacement cost mean? It will only cost $550k to re...
by gougou
Wed Oct 18, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Am I paying too much for insurance?
Replies: 18
Views: 2003

Re: Am I paying too much for insurance?

Your home insurance looks really expensive. We are with Farmers insurance and here are our numbers: Home Insurance: $1.2M house, $550K replacement cost, $2500 deductible $578.07/year Auto Insurance (We are 27, 28 years old): Tesla model S 75 and Porsche Macan S combined, 500K/500K/100K, $2500 deduct...
by gougou
Wed Oct 18, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 20
Views: 1956

Re: Buy a rental property before primary home?

OP, here's my suggestion: 1. Buy the $400K house as your primary residence. Put 20% down and you will get the best interest rate (less than 4% for 30 year fixed/less than 3% for 15 year fixed). If you itemize deductions you can claim property tax and mortgage interest deductions. 2. Live in the hous...
by gougou
Fri Oct 13, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question
Replies: 14
Views: 723

Re: Payoff Rental or lower Primary Loan -> Mortgage Deduction Interest Question

I did a simple calculation $458 x 12 / $190K = 2.89% interest. Which is lower than the 4% interest you are getting. So it makes more sense to lower your new mortgage. Both mortgages are tax deductible. The mortgage interest on the rental reduces your rental income, while the primary home mortgage in...
by gougou
Wed Oct 11, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3621

Re: Gold ETF

If you are hedging from a societal collapse, why don't you buy actual gold coins and bullion? I've seen some online stores such as APMEX and JMBullion that sell gold coin for about 3% over spot price. It's not that expensive vs a 0.4% ER per year. And you get to keep these physical coins in a safe i...
by gougou
Fri Oct 06, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4992

Re: Too much house? (nervous 1st time buyer)

It's pretty clear that buying is a much better financial and lifestyle choice for you. - You can definitely afford a $330K house (only 3x base salary, and you have $390K financial assets, you probably only need to put down $70K) - Monthly obligation of ~$1600, probably very comparable vs if you rent...
by gougou
Mon Oct 02, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 22940

Re: 30,000 in Checking Account

I think with around $30K available your best strategy is to open checking/saving accounts for the opening bonuses. For example, I just received an HSBC mail offer with $350 bonus if I open with $10K initial deposit. I know Chase, Citi and many smaller banks constantly have such offers. You can proba...
by gougou
Fri Sep 29, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Wiring AUD to US w/o Intermediary Bank
Replies: 3
Views: 397

Re: Wiring AUD to US w/o Intermediary Bank

I'm from Canada and I have been using InteractiveBrokers to convert CAD to USD to avoid currency exchange loss. I have a US-based InteractiveBrokers that can receive CAD wire transfers. Then I buy USD.CAD in my InteractiveBrokers account and withdraw USD to my US bank account. You can open a US-base...
by gougou
Fri Sep 29, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bigger down payment or CDs?
Replies: 18
Views: 1648

Re: Bigger down payment or CDs?

I don't think you should pay a higher down payment unless that can reduce the overall interest rate. It's very difficult to get the money back -- you have to do a mortgage refinance which is costly and takes a long time. I think you should keep the money for emergency and for other opportunities. Yo...
by gougou
Thu Sep 28, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: 27yo looking for advice on first house budget
Replies: 29
Views: 2829

Re: 27yo looking for advice on first house budget

I don't think you should cheap out on your house. If you buy a 250K house and need to move to a bigger/better house 5 years later, there will be a lot of expenses involved, and that bigger house is probably going to cost more than today. If you are staying in the city long term, then you should buy ...