Search found 394 matches

by BradMajors
Mon Jun 08, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?
Replies: 58
Views: 13216

Re: Healthcare cost - Office Visit - negotiated insurance rate higher than cash rate?

My experience has been it is necessary to pay cash in order to receive the lowest prices. Cash prices for some drugs have been 80% cheaper when paying cash versus using insurance. What you can do is tell the provider you don't have any insurance, pay cash, and then send the bill to your insurance co...
by BradMajors
Mon Jan 05, 2015 1:01 pm
Forum: Investing - Theory, News & General
Topic: Negative bond yields
Replies: 25
Views: 3220

Negative bond yields

Some European and Japanese bond yields have turned negative: http://www.ft.com/fastft/255992/bond-investors-pay-germany-borrow-from-them For example, * 5yr German bond yields have dropped to -0.003 per cent, * 400 billion in eurozone government debt has negative yields, * 2yr Swiss yields have been ...
by BradMajors
Sat Nov 15, 2014 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of HSA?
Replies: 13
Views: 1643

Re: Advantages of HSA?

My primary care doctor does not take any insurance. Since it is unlikely that my out of pocket expenses will exceed my deductible there is no financial penalty for me going to this doctor rather than an "in network" doctor. This is not correct, because in-network rates are limited; even if you have...
by BradMajors
Sat Nov 15, 2014 10:01 am
Forum: Personal Consumer Issues
Topic: Cheapest "dumbphone" and plan for texting only?
Replies: 7
Views: 1770

Re: Cheapest "dumbphone" and plan for texting only?

You don't have to have a cell phone in order to send and receive text messages. There are various services where you can send and receive text messages for around one cent per message.
by BradMajors
Sat Nov 15, 2014 9:57 am
Forum: Personal Consumer Issues
Topic: White list +CAPTCHA type solutions for land-lines?
Replies: 22
Views: 2608

Re: White list +CAPTCHA type solutions for land-lines?

You need to be more careful about giving out your telephone number. I do not get any telemarketing calls.
by BradMajors
Sat Nov 15, 2014 9:42 am
Forum: Personal Finance (Not Investing)
Topic: $400 reward to open Chase accounts
Replies: 52
Views: 17741

Re: $400 reward to open Chase accounts

Chase is offered you about 2.6% interest (taxable) on your money for the savings account. I think I can do better elsewhere.
by BradMajors
Sat Nov 15, 2014 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Advantages of HSA?
Replies: 13
Views: 1643

Re: Advantages of HSA?

An advantage of HSAs is that you can see any medical professional you desire, have any procedure you want done and the expense is tax deductible. You are no longer limited by what your health insurance allows. For me, being able to do want I want and not what my insurance company wants is a huge adv...
by BradMajors
Sat Nov 01, 2014 10:38 pm
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 2595

Re: COBRA Questions

Mitchell777: If you stop paying for COBRA then your COBRA coverage will end. You will have to look for new coverage. Healthcare exchanges have an open enrollment window: https://www.healthcare.gov/glossary/open-enrollment-period/ For coverage starting in 2015, the Open Enrollment Period is November...
by BradMajors
Thu Oct 30, 2014 6:19 pm
Forum: Investing - Theory, News & General
Topic: If I am a LT investor, should I forgo a bond allocation?
Replies: 28
Views: 3077

Re: If I am a LT investor, should I forgo a bond allocation?

I will say that an 85% stock/15% long-term bond portfolio had a slightly higher return than a 100% stock portfolio (9.93% vs. 9.84%) from 1972-2012 with lower volatility. Most of the people are totally missing the reason. A small bond percentage will result in a higher (not less) risk adjusted retu...
by BradMajors
Thu Oct 30, 2014 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Group Legal through work - Hyatt Legal
Replies: 10
Views: 1300

Re: Group Legal through work - Hyatt Legal

You need to check what they cover. The plan I was offered did not allow me to use the legal services to sue my employer.
by BradMajors
Thu Oct 30, 2014 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: SEP IRA for Sole Propietorship + Simple IRA at W2 employer
Replies: 11
Views: 1074

Re: SEP IRA for Sole Propietorship + Simple IRA at W2 employ

SEP IRA plans have mostly been replaced by Solo 401K. I believe you can have both an employer based Simple IRA and a Solo 401K at the same time. If you are with Fidelity, they can tell you for sure if you call and ask for the retirement advisors (may need a substantial account with them to reach th...
by BradMajors
Wed Oct 29, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Rules on Telecommuting
Replies: 12
Views: 1256

Re: Tax Rules on Telecommuting

With telecommuting, however, this question is somewhat unclear. Stating that you just file where the business is located ignores the bigger picture. What is the business address of your wife's business? What does her business cards say? What does her business license say? What does her business ins...
by BradMajors
Wed Oct 29, 2014 10:56 am
Forum: Investing - Theory, News & General
Topic: How should we invest if interest rates never go up?
Replies: 17
Views: 2965

Re: How should we invest if interest rates never go up?

john94549 wrote:ZIRP is a tad misleading. You can get 2.25% APY on a 5-yr CD these days. It's only 55 bps over inflation, but it's not zero.
Return is negative after-tax.
by BradMajors
Wed Oct 29, 2014 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Tips on winning a small claims court case in California...
Replies: 24
Views: 4061

Re: Tips on winning a small claims court case in California.

You have no claim against the shop owner. You are suing the wrong person. You should be suing the person who sold you the car, but since they are in England you can't. You will not be successful, you are wasting your time. You have already received your settlement from the owner.
by BradMajors
Wed Oct 29, 2014 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Tax Rules on Telecommuting
Replies: 12
Views: 1256

Re: Tax Rules on Telecommuting

A business files taxes in the state in which it is located.
by BradMajors
Mon Oct 20, 2014 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: PhD in Computer Engineering?
Replies: 33
Views: 4777

Re: PhD in Computer Engineering?

Stop listening to the people who say the only reason to get the PhD is to work in academia. I have worked in multiple companies where 90%+ of the employees in the engineering department had PhD's in computer engineering related fields. If you don't have a PhD in a related field you don't get hired. ...
by BradMajors
Mon Oct 20, 2014 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 30
Views: 6958

Re: Got my first cold call - does this mean I've 'made it?'

We had an investment adviser call every single employee in my company... one after the other. Our local operator / receptionist knew this was happening, but did not know any way to block the caller.
by BradMajors
Fri Oct 03, 2014 6:48 pm
Forum: Investing - Theory, News & General
Topic: 4% market drop causes huge drop in sentiment
Replies: 22
Views: 6375

4% market drop causes huge drop in sentiment

A 4% market drop has caused investor sentiment to drop from all-time highs to recent record lows. http://money.cnn.com/data/fear-and-greed/ There are large outflows from higher risk mutual funds and ETFs. ... not like anyone on this board cares. I am just highlighting how quickly investment sentimen...
by BradMajors
Thu Oct 02, 2014 3:14 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 293
Views: 37384

Re: Why not 100% Stocks?

BTW, I took Vanguard's questionnaire and they recommended that I should be invested 100% in stocks. I receive a warning when I login to my account that my portfolio is not 100% in stocks.
by BradMajors
Thu Oct 02, 2014 3:10 pm
Forum: Investing - Theory, News & General
Topic: Is there an "upper limit" on Boglehead theory?
Replies: 58
Views: 7146

Re: Is there an "upper limit" on Boglehead theory?

Yes. If your yearly spending is not at least 4% of your investment portfolio then you do not need to worry about saving for your retirement.
by BradMajors
Mon Sep 22, 2014 2:56 am
Forum: Investing - Theory, News & General
Topic: Savings Bonds for Newborn?
Replies: 10
Views: 1429

Re: Savings Bonds for Newborn?

Why not something like a single share or two of Disney? The kid will be thrilled with receiving dividend checks.
by BradMajors
Mon Sep 22, 2014 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Worthless stock
Replies: 3
Views: 1008

Worthless stock

I own common stock in a private company which is being purchased by another company. The terms of the purchase are that common shareholders will receive nothing for their shares and all common shares will be cancelled. I was asked to vote on the purchase and even though the board of directors recomm...
by BradMajors
Sat Sep 20, 2014 12:39 pm
Forum: Investing - Theory, News & General
Topic: AliBaba
Replies: 179
Views: 24139

Re: AliBaba

My personal rule of investing: When everyone is talking about a stock it is time to sell. You want to buy stock in companies that have not yet been "discovered" by the hoi polloi.
by BradMajors
Sat Sep 20, 2014 12:23 pm
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 24832

Re: Average Investor's Investment Return Is 1.9% in last 30

Why The Average Investor's Investment Return Is So Low (Forbes) According to the latest 2014 release of Dalbar’s Quantitative Analysis of Investor Behavior (QAIB), the average investor in a blend of equities and fixed-income mutual funds has garnered only a 2.6% net annualized rate of return for th...
by BradMajors
Sat Sep 20, 2014 12:15 pm
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 8722

Re: How to achieve a balance between "saving" and "living"?!

At your age your income is likely to rise faster than the return from your investments. As such, for "optimal happiness" it would make sense to spend more money now and save more money later when your income is higher. You are also likely to achieve greater happiness by spending X dollars at age 25 ...
by BradMajors
Sat Sep 20, 2014 12:01 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks
Replies: 46
Views: 6321

Re: Individual Stocks

I bought one stock that has gone up 2,500% and another that has gone up 2,000%. Because of this past experience, I still occasionally buy individual stocks.
by BradMajors
Sat Sep 20, 2014 11:53 am
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 24832

Re: What evidence would prove the Boglehead mentality wrong?

"If the average investor buying stocks does a really horrible job and is on the wrong side of most bets"

I would like to meet such an investor. I would be able to outperform the market by doing the opposite of what the "horrible" investor does.
by BradMajors
Fri Sep 19, 2014 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting one's bank account from PayPal
Replies: 40
Views: 7202

Re: Protecting one's bank account from PayPal

There is no reason to link a bank account with PayPal. If you want to withdraw money, Paypal will mail you a check.
by BradMajors
Thu Sep 18, 2014 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in Startup My Father Is Joining as Founder
Replies: 16
Views: 2434

Re: Investing in Startup My Father Is Joining as Founder

I have invested in some startups and very small companies. What I have learned is that the big investors are more than willing to screw the small investors out of their money through deceitful, immoral, and yes illegal conduct. And, it is very difficult for small investors, even as a class action, t...
by BradMajors
Thu Sep 18, 2014 4:59 pm
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 24832

Re: What evidence would prove the Boglehead mentality wrong?

I don't believe the typical Boglehead would ever accept any evidence that they are wrong. They have already made up their minds.
by BradMajors
Tue Sep 09, 2014 9:02 pm
Forum: Investing - Theory, News & General
Topic: Should anyone invest in short-term bonds at this point?
Replies: 46
Views: 5344

Re: Should anyone invest in short-term bonds at this point?

The yield on some short term bonds is negative. For example, three month Japanese treasury bonds.

I fail to see why an individual would want to buy a bond with a negative yield.
by BradMajors
Tue Sep 09, 2014 8:55 pm
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 5561

Re: POLL: What was the first stock you ever bought?

I bought my first shares in a very small tech company in my area of expertise. I tried to get a job there, had several rounds of interviews, but things did not turn out. HR asked me how I knew about their company when they have done no advertising or made any job postings. She were surprised when I ...
by BradMajors
Mon Sep 08, 2014 5:40 pm
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 13609

Re: Vanguard Lost $50k

You could also tell your bank that an unauthorized withdraw was made from your account and for your bank to dispute/reverse the transfer.
by BradMajors
Sun Sep 07, 2014 10:10 pm
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 13609

Re: Vanguard Lost $50k

One part of this story being ignored is how useless "flagship" (or other special representatives) are in solving problems. I had a different problem with my account and my "special" representative was no help whatsoever in getting it fixed.
by BradMajors
Sun Aug 31, 2014 4:21 pm
Forum: Personal Consumer Issues
Topic: Vanguard is finally getting Two Factor Auth (2FA)
Replies: 28
Views: 7604

Re: Vanguard is finally getting Two Factor Auth (2FA)

John151 wrote:I don't own a cell phone. Can the passcode be sent to my home computer by email?
It is possible to forward an SMS message to email.
by BradMajors
Tue Aug 26, 2014 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 66
Views: 11583

Re: What to consider while purchasing an existing business?

There are people who will provide estimates of the value of a business. Hire one.
by BradMajors
Tue Aug 26, 2014 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 3453

Re: Savers vs. Spenders: Default Mode

People have different opinions on what their standard of living should be. If their expected standard of living is greater than their income they are a spender. If their expected standard of living is less than their income their are a saver. When someone has a large change in their income, their st...
by BradMajors
Mon Aug 18, 2014 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Going from W-2 to 1099
Replies: 27
Views: 2870

Re: Going from W-2 to 1099

I highly recommend you do not open a solo 401(k). If you do decide to open a solo 401(k) I highly recommend you talk to a CPA first. The CPA will likely talk you out of opening a solo 401(k).

You will need a CPA for your business, so you should start looking now.
by BradMajors
Thu Aug 14, 2014 9:16 pm
Forum: Personal Consumer Issues
Topic: tipping a house painter?
Replies: 13
Views: 19605

Re: tipping a house painter?

It is likely the foreman signed a contract with "big painting company" which said that he would not solicit "big painting company's" clients. It might get messy if you hired the foreman directly.
by BradMajors
Sat Aug 02, 2014 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Banks insist on physical address -- new regulations?
Replies: 28
Views: 21118

Re: Banks insist on physical address -- new regulations?

But what if one does not have a physical address? Also, some houses in rural areas do not have an address. * My parents house had no house number and no mail delivery. The address they provided was: "the third house on the left hand side of the road after the intersection". * The mailing address fo...
by BradMajors
Sat Jul 05, 2014 3:24 am
Forum: Personal Finance (Not Investing)
Topic: Relative use my address to start business?
Replies: 13
Views: 2198

Re: Relative use my address to start business?

Tell your relative to get a virtual office in Texas. There are lots of companies that will provide him with what he wants without getting you involved. See: "Wyoming House Provides Business Haven For 2,000 Companies" : http://www.huffingtonpost.com/2011/06/28/a-single-house-in-wyoming-business-haven...
by BradMajors
Sun Jun 29, 2014 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: beneficiary form trumps will
Replies: 56
Views: 7156

Re: beneficiary form trumps will

In my opinion, it is usually (perhaps almost always) better to draft wills and trusts in ways that provide for as many subsequent events and situations as possible/practical - so that these documents do not need to be redrafted very often. Trusts I can buy but especially in states with statutory fe...
by BradMajors
Sun Jun 15, 2014 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSAs in California
Replies: 108
Views: 37544

Re: HSAs in California

While HSA contributions in California are not tax deductible, HSA WITHDRAWS are tax deductible.
by BradMajors
Fri Jun 13, 2014 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 2% withdrawal rate bulletproof ?
Replies: 48
Views: 5457

Re: Is a 2% withdrawal rate bulletproof ?

wilked wrote:The only bulletproof rate is 0%
Even 0% is not bulletproof in the worst case.
by BradMajors
Sat Jun 07, 2014 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Employee vs Independent for consulting
Replies: 17
Views: 1280

Re: Employee vs Independent for consulting

Whether you are an employee or an independent consultant is determined by IRS rules. see: http://www.twc.state.tx.us/news/efte/appx_d_irs_ic_test.html From the limited information you have supplied it appears you would be an employee. You can ask the IRS to determine whether you are an employee or a...
by BradMajors
Wed Jun 04, 2014 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying household employee taxes
Replies: 5
Views: 748

Re: Paying household employee taxes

Some accountants offer inexpensive booking keeping services that will: do the book keeping for your employee, file the necessary forms and taxes for your employee, and do your annual taxes for you. If you have no clue what you are doing I would recommend you take this route. Eventually, you should b...
by BradMajors
Wed Jun 04, 2014 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ask for annual raise?
Replies: 20
Views: 2102

Re: Should I ask for annual raise?

Are you an employee or self-employed? Employees do not have contracts, and the self-employed do not have a salary.
by BradMajors
Fri May 30, 2014 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Hell
Replies: 32
Views: 5250

Re: Health Insurance Hell

My experience:

My doctor wrote me a prescription for a drug that would have cost about $100,000. My Obamacare compliant health insurance would not pay for the drug. I told my doctor I would not be taking the drug.
by BradMajors
Thu May 15, 2014 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: interviewing at same company for different job
Replies: 19
Views: 2301

Re: interviewing at same company for different job

Don't mention the previous interview. Do not admit to it when asked. Just do not put your lie in writing.