Search found 555 matches

by Ping Pong
Mon Jul 06, 2020 8:14 pm
Forum: Personal Investments
Topic: Vanguard Solo 401k problem -- can't find answers
Replies: 15
Views: 952

Re: Vanguard Solo 401k problem -- can't find answers

Something sounds fishy. Your status as partner has no bearing on whether you are an employee. Is it possible they haven’t been paying payroll taxes and now are trying to say you were a contractor all along in order to get out of that obligation? Now that you’re self employed you’ll owe back taxes an...
by Ping Pong
Fri Jul 03, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: anonymous LLC
Replies: 9
Views: 1368

Re: anonymous LLC

If the ownership of the LLC isn’t public record, how do you prove you own it? Presumably you show a piece of paper. But those things can be forged.
by Ping Pong
Fri Jul 03, 2020 8:18 am
Forum: Investing - Theory, News & General
Topic: EBITDAC: earnings as if there were no coronavirus. How worried should I be?
Replies: 11
Views: 962

Re: EBITDAC: earnings as if there were no coronavirus. How worried should I be?

Companies have been doing this for decades. They report GAAP earnings and then report what their earning would have been if one-time events hadn’t happened. The problem is one-time events happen all the time. The best way as an investor to filter these is to take a multi year average of GAAP earning...
by Ping Pong
Sun Jun 28, 2020 7:46 pm
Forum: US Chapters
Topic: Where is dm200?
Replies: 11
Views: 1530

Re: Where is dm200?

Maybe someone needs to start a thread about credit unions.
by Ping Pong
Sun Jun 28, 2020 7:19 pm
Forum: Personal Consumer Issues
Topic: Heat pump/ac using 4 kWh - how do I fix this?
Replies: 50
Views: 1965

Re: Heat pump/ac using 4 kWh - how do I fix this?

OP said they turned the A/C off for 2 hours while they were testing the load of other parts of the house. They then turned the A/C on, so it had to spend a lot of energy bringing the temperature back.
by Ping Pong
Thu Jun 25, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: Fidelity automatic reinvestment now truncating instead of rounding when computing shares?
Replies: 6
Views: 769

Re: Fidelity automatic reinvestment now truncating instead of rounding when computing shares?

They could be using bankers rounding. A .5 gets rounded up half the time and rounded down the other half the time. The other numbers get rounded as you’d expect.
by Ping Pong
Tue Jun 23, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 62
Views: 5787

Re: IRS Expands eligibility for Corona Virus Related Distributions

How do you prove “due to COVID-19?” I know people whose hours were cut when customers mysteriously stopped showing up. Now that customers are showing up again, their hours have increased. By the end of the year, it’s possible their hours will cumulatively be more than they would have been in an alte...
by Ping Pong
Sat Jun 20, 2020 6:54 am
Forum: Personal Finance (Not Investing)
Topic: IRS Expands eligibility for Corona Virus Related Distributions
Replies: 62
Views: 5787

Re: IRS Expands eligibility for Corona Virus Related Distributions

It says you’re a qualified individual if you or a family member has been quarantined. Doesn’t that apply to pretty much everybody? A quarantine is a restriction on where you can go to try to prevent disease spread. All the students in my area were quarantined from school to keep the disease from spr...
by Ping Pong
Fri Jun 05, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Seller breach of contract on home. I need advice.
Replies: 64
Views: 6719

Re: Seller breach of contract on home. I need advise.

What do you plan on plugging into the outlet that requires a 3 prong connector? With the advent of plastic, most things only require a 2 prong outlet nowadays.
by Ping Pong
Wed May 27, 2020 7:01 pm
Forum: Personal Investments
Topic: Sold Stocks to Reduce Portfolio Risk
Replies: 23
Views: 1998

Re: Sold Stocks to Reduce Portfolio Risk

Why are people always winning the game when their portfolio is down?
by Ping Pong
Wed May 27, 2020 2:43 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 6307

Re: What will you NOT buy online?

Used underwear
by Ping Pong
Mon May 25, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 174
Views: 13776

Re: If Jeep has such poor reliability, how come they are everywhere?

Sandtrap wrote:
Sun May 24, 2020 6:38 pm
Now, if Toyota made a modern equiv. to the Jeep 2 door Rubicon, what would it be?
The FJ Cruiser was Toyota’s short wheelbase off-road vehicle.
by Ping Pong
Thu May 21, 2020 3:43 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 15 year versus 30 year if both at same interest rate
Replies: 26
Views: 3581

Re: Mortgage - 15 year versus 30 year if both at same interest rate

Jeez and with a 800 credit score, for a loan of 165k I cant find anything below 3.5 on a refi.. Loan is too small. Not worth their trouble. Tell me about it. I can get a better rate with a cash-out than a straight refi for the same reason -- best rates are only on bigger loans In this situation, yo...
by Ping Pong
Sat May 16, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6514

Re: Alternatives to Craftsman Tools

For awhile Craftsman tools were going downhill (during the tail end of Sears owning the brand), but the contract Lowe’s has with the brand (new owner) dictates they must be high quality. If you buy Craftsman from Lowe’s, you get the good stuff. As mentioned up thread, Kobalt is also good. It’s possi...
by Ping Pong
Wed May 13, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Subaru 0% financing
Replies: 35
Views: 2991

Re: Subaru 0% financing

Last year when I bought a Subaru, one dealer said the car would be $1500 less without the special financing. Another said $1000. The Subaru website never mentions the cash discount, but it’s there. Since the two dealers had different discounts, one or both were trying to pocket some of it.
by Ping Pong
Wed May 06, 2020 6:36 am
Forum: Personal Consumer Issues
Topic: Rules on returning to work after being furloughed due to COVID
Replies: 36
Views: 3318

Re: Rules on returning to work after being furloughed due to COVID

Think a bit about what you employer is doing. It would cost him nothing to let you collect unemployment for one more week, but instead he is requiring you to burn off a debt that he owes to you by forcing you to use up paid time off. Your loss is his gain. And you say that you actually collect more...
by Ping Pong
Sat Apr 11, 2020 4:31 am
Forum: Personal Consumer Issues
Topic: House AC blowing too cold/hard?
Replies: 10
Views: 907

Re: House AC blowing too cold/hard?

Set it to 76 or 78.
by Ping Pong
Fri Apr 10, 2020 7:15 am
Forum: Personal Investments
Topic: CARES Act 401k Withdrawal Scenario(s)
Replies: 20
Views: 2194

Re: CARES Act 401k Withdrawal Scenario(s)

If his spouse shares her income with OP, and that income dropped due to being furloughed, then wouldn’t that mean he a experienced financial hit due to a furlough?
by Ping Pong
Wed Apr 08, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: Buy S&P 500 ETF at Market Open, Sell at Close
Replies: 25
Views: 2301

Re: Buy S&P 500 ETF at Market Open, Sell at Close

[If this kind of scheme worked, wouldn't everyone know about it? In which case it wouldn't be profitable for very long since everyone would do it. OP never stated this outperforms the market. He merely stated what the gains were. They said 500% since 1993, which is less than buy and hold. Why would...
by Ping Pong
Wed Apr 08, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Need help with creative solution to company booting me out of 401K
Replies: 51
Views: 3513

Re: Need help with creative solution to company booting me out of 401K

It sounds like they mailed you a distribution form since your employment is terminated. If you wanted a distribution, you would fill it out. This is similar to a deposit slip your bank gives you. If you want to make a deposit, you fill it out. If you don’t, you don’t. Just because they give you a de...
by Ping Pong
Fri Apr 03, 2020 6:04 am
Forum: Investing - Theory, News & General
Topic: We've decided to thank US Businesses by investing 100% Domestic
Replies: 21
Views: 1627

Re: We've decided to thank US Businesses by investing 100% Domestic

If you really wanted to support US businesses, you’d buy junk bonds to help them roll over their debt. They would really appreciate it.
by Ping Pong
Sat Mar 28, 2020 5:50 am
Forum: Investing - Theory, News & General
Topic: [CARES Act] Overview
Replies: 98
Views: 6546

Re: President Trump Signs Coronavirus Economic Relief Bill

3) Double wages. While it may look like they can afford it because they are doing record sales, the problem is that they are largely pulling sales in from the future rather than benefitting from a true bonus demand. Yes, their cleaning supply demand has legitimately increased. However, their toilet...
by Ping Pong
Tue Mar 24, 2020 10:53 am
Forum: Personal Investments
Topic: Has anyone hit pause on their 401k or monthly IRA contributions?
Replies: 32
Views: 1706

Re: Has anyone hit pause on their 401k or monthly IRA contributions?

If the early withdrawal penalty is less than the match, then it’s better to get the match, assuming you’re vested. If you lose your job and drop from the 22% bracket to the 12% one, that cancels out the penalty on the contributions that were made in the 22% years as well.
by Ping Pong
Tue Mar 24, 2020 6:33 am
Forum: Personal Investments
Topic: Treasury Market locked up
Replies: 35
Views: 4250

Re: Treasury Market locked up

welderwannabe wrote:
Tue Mar 24, 2020 6:20 am
None. Waiting on hold for 45 minutes yesterday for the Fidelity Bond Desk to answer. Gave up as it was getting close to 4PM and I figured even if they gave me a quote I may run out the clock.
The bond market remains open after 4pm. It’s the stock market that closes at 4pm.
by Ping Pong
Mon Mar 23, 2020 1:53 pm
Forum: Personal Investments
Topic: Copper revisited
Replies: 10
Views: 746

Re: Copper revisited

Don’t they put lacquer on brass to keep it from tarnishing? So you’d be dealing with lacquer surfaces, not brass.
by Ping Pong
Sun Mar 22, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 3284

Re: How are you supporting your community?

nps wrote:
Sun Mar 22, 2020 7:24 am
For those who posted that they stockpiled N95 masks, are any of you considering donating them to local hospitals?
For all the stockpiling people have done, I haven’t seen anyone actually wear a mask in public.
by Ping Pong
Fri Mar 20, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: Low international (VXUS) dividend
Replies: 12
Views: 688

Re: Low international (VXUS) dividend

The March dividend is lower for Vanguard’s domestic funds as well. It’s not unique to international.
by Ping Pong
Mon Mar 16, 2020 12:30 pm
Forum: Personal Consumer Issues
Topic: Portable wash basin for hand laundry
Replies: 5
Views: 261

Re: Portable wash basin for hand laundry

I would recommend something like a Cambro bus box. If you plan on also camping you can get 3 for wash, rinse, and chemical sanitizer for dish washing. When not being used for their main purpose, they make great storage and transport bins. They’re available in different sizes and colors and are very ...
by Ping Pong
Wed Mar 11, 2020 7:24 pm
Forum: Personal Consumer Issues
Topic: Weird Things You Do To Save Money & Invest More?
Replies: 33
Views: 2157

Re: Weird Things You Do To Save Money & Invest More?

I think I have some of you beat. I’ve never used a dryer sheet. I don’t even know what they do.
by Ping Pong
Tue Mar 10, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Why I hate ETFs
Replies: 82
Views: 5831

Re: Why I hate ETFs

Had you tried to rebalance with mutual funds based on the intraday price, you would have also lost $1000. Now you should hate traditional mutual funds.
by Ping Pong
Tue Mar 10, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Any evidence that returns are greater after sudden drop?
Replies: 101
Views: 6125

Re: Any evidence that returns are greater after sudden drop?

If the market is at 100 one day and then falls to 80, you are better off buying at 80. This is true whether the market climbs to 500 or falls to 20 by your retirement date.
by Ping Pong
Mon Mar 09, 2020 10:49 pm
Forum: Investing - Theory, News & General
Topic: TIPS Yield Curve & Changing Inflation Expectations
Replies: 61
Views: 5049

Re: TIPS Yield Curve & Changing Inflation Expectations

One last thought: Has anyone ever heard discussed the possibility of nominal rates staying low while real rates plummet to significant negative levels, such that significant inflation co-exists with low nominal rates? Is that just economic science fiction or is it at all worthy of serious speculati...
by Ping Pong
Mon Mar 09, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Timing of SS claiming in a down market
Replies: 21
Views: 1667

Re: Timing of SS claiming in a down market

You should have a TIPS ladder with yearly maturities equal to your age-70 benefit. The ladder should start when you retire and end at age 70.
by Ping Pong
Fri Mar 06, 2020 9:38 pm
Forum: Investing - Theory, News & General
Topic: Could this selloff be nearly over?
Replies: 68
Views: 5288

Re: Could this selloff be nearly over?

We won't need a vaccine or treatments for the market to bounce back. People will soon realize that this is just a bad flu as they wake up to what's going on in Korea-- their aggressive testing strategy is the model for successful containment and has shown a lower-than-thought true death rate around...
by Ping Pong
Thu Mar 05, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Present-Value of an I-Bond in an Estate
Replies: 28
Views: 1034

Re: Present-Value of an I-Bond in an Estate

Would I have come up with a different compensation amount in that case where they both want the bond, but only one can get it? If they both want the bond, then you would just auction it off to them. In other words, they decide the value to them. Maybe this is how you should handle it in this case e...
by Ping Pong
Thu Mar 05, 2020 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Present-Value of an I-Bond in an Estate
Replies: 28
Views: 1034

Re: Present-Value of an I-Bond in an Estate

The way people in this thread are valuing it, poor Alice has to hand over most of the delayed value to Bob today. In order for her to not end up at the short end of the stick, she has to then hold Bob’s half for 11 years. It’s like she’s loaning him money at current treasury rates. I’d say if Bob ca...
by Ping Pong
Wed Mar 04, 2020 6:53 am
Forum: Investing - Theory, News & General
Topic: "Can Low Retirement Savings Be Rationalized?"
Replies: 184
Views: 10164

Re: "Can Low Retirement Savings Be Rationalized?"

Is the article basically saying that people have a hard time valuing things in the future (delayed gratification, etc), therefore it is optimal to spend it now? Isn’t that just circular reasoning?
by Ping Pong
Mon Mar 02, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: Baby crib recommendations?
Replies: 9
Views: 568

Re: Baby crib recommendations?

No particular brand to share but back when my kids were using cribs, I always ended up modifying them after they were well into walking so they could get in and out of the crib easily on their own versus having them always crying or trying to climb and fall over the edge. This usually involved lowe...
by Ping Pong
Sat Feb 29, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: When it may be better NOT to pay additional principal on debt
Replies: 26
Views: 1529

Re: When it may be better NOT to pay additional principal on debt

How did the entire $12k loan get transferred to the new car? This would only happen if he traded in his car for $0. I guess a good salesperson could talk someone into doing that.
by Ping Pong
Sat Feb 29, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Discounting the cost of coronavirus
Replies: 29
Views: 1733

Re: Discounting the cost of coronavirus

Thanks for your optimism but there's a flaw in your logic. 0 earnings is not the worst case scenario. Free cash flow can be negative. I agree. OP uses an example of no cars being sold. If that were to happen, earnings would be massively negative. One negative year could wipe out 15 normal-profit ye...
by Ping Pong
Sat Feb 29, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on general business insurance for small business
Replies: 6
Views: 195

Re: Need advice on general business insurance for small business

Where are the cakes being baked? In most jurisdictions it’s not legal to bake commercially in your home unless you spend a fortune upgrading your kitchen to meet commercial health and sewage/grease trap requirements.
by Ping Pong
Thu Feb 27, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell raw land in another state?
Replies: 17
Views: 1277

Re: Best way to sell raw land in another state?

Raw land? People actually cook this stuff?
by Ping Pong
Mon Feb 24, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: Target funds by gender
Replies: 25
Views: 2006

Re: Target funds by gender

I’ve always thought the target funds should be based on your birth year. They can extrapolate a life expectancy from that. Your retirement year is unknown anyway and shouldn’t have a large effect on the AA.
by Ping Pong
Mon Feb 24, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4002
Views: 305618

Re: Coronavirus and the market

neurosphere wrote:
Mon Feb 24, 2020 8:38 am
There is a wonderful old study on guinea pigs and transmissibility of viruses. Summary: the distance that many airborne viruses can travel in the air is limited by humidity. Less moisture in the air with colder weather means a greater radius of travel.
Absolute or relative humidity?
by Ping Pong
Thu Feb 20, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Showing receipt at Walmart
Replies: 44
Views: 2000

Re: Showing receipt at Walmart

They have found that shrinkage is reduced when they have a checker. So they have checkers.
by Ping Pong
Thu Feb 20, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1463

Re: Financing a home Renovation

This is a lesson in conflicts of interest. If the Realtor had recommended an accurate contractor, you might not have bought the house and they could’ve lost the commission. If the architect had been honest about construction costs, you might have chosen not to buy, not to renovate, or chosen a diffe...
by Ping Pong
Sun Feb 16, 2020 2:59 am
Forum: Investing - Theory, News & General
Topic: [Market is acting like late August, 2000, or late October, 2007]
Replies: 82
Views: 7265

Re: It's starting to smell like

There is still a lot of cash sitting on the sidelines that could push the stock market to higher levels. Isn’t cash just short-short-term bonds? For every buyer there is a seller, so if all the cash were used to buy stock, you’d still have the same amount of cash and stock out there. They would jus...
by Ping Pong
Fri Feb 14, 2020 5:42 am
Forum: Investing - Theory, News & General
Topic: I have a wild [asset allocation] theory. Poke some holes in it.
Replies: 39
Views: 6593

Re: I have a wild theory. Poke some holes in it.

A variation that might work for OP is to start with an AA like 50% stocks. Once the dollar amount in bonds equals the maximum they want to hold in bonds, then all new contributions would go to stocks. Basically it turns into an emergency fund plus 100% stocks.