Search found 335 matches

by coachd50
Wed May 13, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: Mortgage payment instead of bonds: how?
Replies: 39
Views: 2367

Re: Mortgage payment instead of bonds: how?

Where exactly are you getting confused? What does "my mortgage is a negative bond" mean? Maybe an example would suffice. I don't wish to hijack this thread, so If it cannot be defined in a sentence or two, let's not get sidetracked on my question. :happy It means that instead of having an arrangeme...
by coachd50
Tue May 12, 2020 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2266

Re: Bank of America unauthorized ATM withdrawal

@bigguy8437 Where are you? You asked us a question and then disappeared..... Probably realized he was going on a rant about BoA when all along they were right. True Story : While working in banking there was a customer (small business owner) who showed up ranting about the fact that the deposit the...
by coachd50
Tue May 12, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2266

Re: Bank of America unauthorized ATM withdrawal

So I had a 92.50 ATM withdrawal back in January that I dont think was me. Per my bank statements, the withdrawal occurred in Massachusetts on a Monday, however I had taken a train from MA to NY on a sunday. Could you have bought a train ticket for $90 or $92.50 using this card? Perhaps you intended...
by coachd50
Tue May 12, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2266

Re: Bank of America unauthorized ATM withdrawal

So I had a 92.50 ATM withdrawal back in January that I dont think was me. Per my bank statements, the withdrawal occurred in Massachusetts on a Monday, however I had taken a train from MA to NY on a sunday. As such, I started a dispute with bank of america. They denied my dispute, saying that since...
by coachd50
Tue May 12, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2266

Re: Bank of America unauthorized ATM withdrawal

So I had a 92.50 ATM withdrawal back in January that I dont think was me. Per my bank statements, the withdrawal occurred in Massachusetts on a Monday, however I had taken a train from MA to NY on a sunday. As such, I started a dispute with bank of america. They denied my dispute, saying that since...
by coachd50
Tue May 12, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America unauthorized ATM withdrawal
Replies: 47
Views: 2266

Re: Bank of America unauthorized ATM withdrawal

So I had a 92.50 ATM withdrawal back in January that I dont think was me. Per my bank statements, the withdrawal occurred in Massachusetts on a Monday, however I had taken a train from MA to NY on a sunday. As such, I started a dispute with bank of america. They denied my dispute, saying that since...
by coachd50
Tue May 12, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: How to consider home improvement expenses
Replies: 25
Views: 1276

Re: How to consider home improvement expenses

We are doing some improvements to our home. Purely in regards to my expense tracking, I am wondering how much should be considered “expenses” versus how much should be considered an investment that increases house value. I guess the easy way would be to assume that every dollar spent on home improv...
by coachd50
Mon May 11, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 387970

Re: Share your net worth progression

Including the Equity in a house (valued conservatively at just over the cost I paid)
2007 60,300
2008 79,600
2009 82,000
2010 104,500
2011 121,100
2012 141,500
2013 166,800
2014 190,500
2015 219,500
2016 256,000
2017 307,800
2018 327,000
2019 392,000
Current 383,000
by coachd50
Mon May 11, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: Strategy for paying down mortgage
Replies: 22
Views: 1827

Re: Strategy for paying down mortgage

Maybe I’m misunderstanding the advantage of paying down a mortgage early. Whether I keep paying off principal over 10 years or I accumulate the money in a separate account and pay off the mortgage in a lump sum, shouldn’t the interest paid for the duration of the loan the same? Isn’t it therefore a...
by coachd50
Sun May 10, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: defined benefit plan
Replies: 22
Views: 1529

Re: defined benefit plan

Yes. Most professional corporations that utilize these strategies stack 401k match, profit sharing and deductible defined benefit contributions to limit taxes and defer income for the high paid partners. Amazingly, most of the high paid partners are all about the same age (old) and thus will be lea...
by coachd50
Sun May 10, 2020 3:59 pm
Forum: Investing - Theory, News & General
Topic: Strategy for paying down mortgage
Replies: 22
Views: 1827

Re: Strategy for paying down mortgage

Say I have a $1M mortgage with a fixed rate of 3.625% (25 years remaining in a 30 year term). If I want to pay this off in the next ten years, is it better to: A) simply add extra payments to the principal directly to the bank/lender or B) forward that money somewhere else (savings account) and onc...
by coachd50
Sun May 10, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: defined benefit plan
Replies: 22
Views: 1529

Re: defined benefit plan

These arrngement are not common except in the most profitable of small businesses where the ownership is small. It is merely a tax shelter. Because ERISA and its regulations require that each participant's accrued/earned benefit to date must be fully funded or there should be an effort underway to ...
by coachd50
Sun May 10, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

What's strange is that OP goes from being burned out of programming just a few months ago into accepting this job. I have a feeling in a few months we'll find out he has pulled thru and is doing fine, and this thread was just a fantasy/pressure release valve for him (speaking from experience). But ...
by coachd50
Sun May 10, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: defined benefit plan
Replies: 22
Views: 1529

Re: defined benefit plan

A defined benefit plan is a favorite tool for significantly increasing deductible expenses of a small employer because defined benefit plans do not have the same contribution limits as defined contribution plans. Defined benefit plans are governed by ERISA and must comply with all nondiscriminatory...
by coachd50
Sun May 10, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: defined benefit plan
Replies: 22
Views: 1529

Re: defined benefit plan

Is that allowed by plan policy? That someone could alter their contributions at the end such that it would significantly impact their benefits to the (unfair) detriment of the remaining members? What exactly is the formula for determining the benefit? Who derived it? It often looks something like ye...
by coachd50
Sun May 10, 2020 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

There are a lot of people in equally hostile and crappy work environments with a LOT more pressure (family responsibilities) who make a crap load less. So some of the self pity we sense...you can just cram that. I couldn’t help thinking the same thing as I read all the responses. I think maybe the ...
by coachd50
Sun May 10, 2020 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

Does someone who took a 300% increase in total compensation, and who the company spent $40,000 to relocate get to set boundaries? Yes. That’s their sunk cost, and they decided to hire OP because they had no viable alternative. OP has power if he chooses to exercise it. Not an expert in this field, ...
by coachd50
Sun May 10, 2020 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

Someone with your ability to earn money should know how to listen. Stop stressing. Start working 40-50 hour weeks. If they start to question you, just tell them your boundaries, and if they aren’t satisfied, they will dispense of you and the relocation costs aren’t your problem. Stop worrying. Eith...
by coachd50
Sat May 09, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

I am not questioning that. Apparently that wasn't made clear in his 2 interviews leading up to the position. But I know many of my student's parents who are working close to 80 hours a week making $7 or $8 an hour to try and support a family. He doesn't have those pressures. He has a high pressure ...
by coachd50
Sat May 09, 2020 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

And 1.2 million for a job you apparently can't do also seems like an insane amount of money. Keep in mind that the company invested that 40k in you, and right now you aren't holding up your end of the bargain. Ignoring any of the bonuses, you are getting paid bout $650 a day (including weekends) wh...
by coachd50
Sat May 09, 2020 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: defined benefit plan
Replies: 22
Views: 1529

Re: defined benefit plan

I recently became a shareholder in a small company. We are all equal owners of the company, but our ages range from 30’s-60’s. Our company has a defined benefit plan. While we all participate in the plan, we have elected to contribute different amounts. 25-100K is the range. I know we changed third...
by coachd50
Sat May 09, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

This is all accurate. But cut the 2M to 1.5M due to the current market, and the 3M is very likely to not ever materialize, that company suffered heavily from Covid, so the shares might very well end up to $0. So, I don’t exactly have 5M in the bank... Nobody will convince me that wasting 40k of rel...
by coachd50
Sat May 09, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

This is a fantastic thread of showing a person who's 'married to' the money of how to assess his situation and see that this is not as terrible as he thinks considering his NW and no other obligations like supporting a family and having a mortgage. He sounds to be in his own abusive/fearful mindset...
by coachd50
Sat May 09, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

50K/1.2M = 4.16% of your net worth? It does seem steep, but probably cheaper than a major medical issue due to the demands of the job. I don't know whether you should tough it out or go. But if you do go, you can use covid-19 as an excuse for walking out on the job. "'The risk to my grandma wasn't ...
by coachd50
Sat May 09, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

I am back to this thread, and I read all the replies. I want to thank everyone who expressed empathy towards me, and I appreciate who took a harder stance (“what did you expect?! Just do the work!”), every perspective is a good one worth listening to. Things are getting worse, not better. In a coup...
by coachd50
Sat May 09, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

I took a salary job like that. I ended up working 100 hours a week. People at McDonald's ended up making more than me. I quit after six weeks. What do you mean “salary job like that”. A non management McDonald’s position making $15 an hour would be considered extremely highly paid. If you were work...
by coachd50
Fri May 08, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17335

Re: Quitting a job after two weeks: relocation expenses

I see lots of people commenting on the hours/stress/work environment or the 300% increase in compensation. All interesting points, but I don't think they are the key to the situation. (Sidenote, I used to work 100 hour weeks for a whopping 8,000 a year coaching college football. That is much less th...
by coachd50
Thu May 07, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Sibling's Undergrad or Refinance Parent's Mortgage
Replies: 52
Views: 3146

Re: Pay Sibling's Undergrad or Refinance Parent's Mortgage

I have 3 college students in my house and 2/3 are not enjoying the online learning experience. They are not receiving the same instruction, support, or experience. If they do not return in fall or return for only a short time and universities have to return to online learning, I would feel somewhat...
by coachd50
Thu May 07, 2020 11:19 am
Forum: Personal Investments
Topic: Rather new to investing and have 100k to play with
Replies: 13
Views: 722

Re: Rather new to investing and have 100k to play with

I recently inherited over 200k and would like to invest 100k in the markets. I have a 401k that I have done well with over the years and want to leave that alone for my retirement in 8 years. House is paid off, no car loans, no credit card debt. So I see this as an excellent time to play the market...
by coachd50
Fri Apr 24, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Re: Quicken question- changing cost basis, adjusting holdings etc.

It seems to me you just need to back out all of the transactions that mistakenly were recorded as specific lots and then re-enter a single transaction that says to use average cost. So first back up your file. Then just delete all of the specific lot transactions that were in error. These should be...
by coachd50
Fri Apr 24, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Re: Quicken question- changing cost basis, adjusting holdings etc.

I am a longtime Quicken user (30 years or so maybe, I've lost track). I have never been able to use it for accurate cost basis tracking for very long. I no longer even try. I just ignore those aspects of the product. Between placeholders and the different way brokerages download transactions, I fou...
by coachd50
Fri Apr 24, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Re: Quicken question- changing cost basis, adjusting holdings etc.

My idea was the same as what you already tried (to download all the data again). I don't use Fidelity, but maybe they have a download different than the Quicken one that can be imported into Quicken (like a CSV file). Is this a taxable account? If not, I wouldn't worry about the basis. I had a simi...
by coachd50
Fri Apr 24, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Accounting Principles Meets Personal Finance Logic....
Replies: 11
Views: 1243

Re: Accounting Principles Meets Personal Finance Logic....

Thanks everyone! At least now I understand a little bit more, even if I don't really know the solution in my case. My software also has a Cash Flow report but it's not a summary - instead it literally lists every cash transaction (per grouped category, with a summary at the bottom almost like a gro...
by coachd50
Thu Apr 23, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Re: Quicken 2019 and forward

I merged coachd50's thread into the on-going discussion. (To get our attention sooner, report the post using the ! in the top-right corner of the post. One of the reasons is "Duplicate thread". Thanks to the member who did just that, who also included a link to this thread - much appreciated.) I ap...
by coachd50
Thu Apr 23, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Re: Quicken question- changing cost basis, adjusting holdings etc.

I'm not sure how long Fidelity data is available for download, but you might be able to just delete the account in Quicken, set it up again, and then re-import it from Fidelity. I tried that (backed up the file first) and unfortunately it just created one giant placeholder entry to go along with a ...
by coachd50
Thu Apr 23, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question- changing cost basis, adjusting holdings etc.
Replies: 14
Views: 385

Quicken question- changing cost basis, adjusting holdings etc.

Mods, please move this if it is not the right place. Are there any quicken users here that could help. I have about 6 years of Brokerage data from Fidelity in quicken. Apparently when I set up originally I did so using specific lots, but with Fidelity my first sale was avg cost (thus locking all of ...
by coachd50
Mon Apr 20, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97001

Re: Well, I am market timing due to coronavirus... Wish me luck.

Do you see the snarkiness I'm talking about? I don't know what it is about this forum... Now the counter-argument has pivoted from "Buy and Hold is the only way, market timing is evil" onto "OK, fine, market timing may be possible for a select few, but the time investment isn't worth it because I c...
by coachd50
Sun Apr 19, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97001

Re: Well, I am market timing due to coronavirus... Wish me luck.

Exactly. While the person who I posed this question to is now "not wanting to continue the discussion" I would be interested to read his take on this particular part of the discussion. Do you see the snarkiness I'm talking about? I don't know what it is about this forum... Now the counter-argument ...
by coachd50
Sun Apr 19, 2020 5:51 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97001

Re: Well, I am market timing due to coronavirus... Wish me luck.

Exactly. While the person who I posed this question to is now "not wanting to continue the discussion" I would be interested to read his take on this particular part of the discussion. Do you see the snarkiness I'm talking about? I don't know what it is about this forum... Now the counter-argument ...
by coachd50
Sun Apr 19, 2020 5:11 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97001

Re: Well, I am market timing due to coronavirus... Wish me luck.

The only difference between a professional day trader consistently beating B&H and a market timer doing the same is simply a matter of your time horizon. A professional day trader buys and sells on a scale of seconds, minutes, and hours. A market timer does the exact same thing on a scale of weeks,...
by coachd50
Sun Apr 19, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97001

Re: Well, I am market timing due to coronavirus... Wish me luck.

I don't take issue with anything you said except comparing a "professional" day trader to an amatuer BH. That really isn't fair. Of course a professional day trader should make more money, and he making his money trading stocks with amatuer stock traders. The only difference between a professional ...
by coachd50
Fri Apr 17, 2020 1:10 pm
Forum: Personal Investments
Topic: How to Adjust allocation downward during low interest rate period??
Replies: 4
Views: 327

Re: How to Adjust allocation downward during low interest rate period??

OP, Given your time horizon a high quality Intermediate Bond fund (like BND) should be just fine. CDs will also work as long as you meet FDIC insurance guidelines. They key is to focus on lowering your Equity allocations according to your plan. The key is to try and match the duration of your bonds...
by coachd50
Fri Apr 17, 2020 9:36 am
Forum: Personal Investments
Topic: How to Adjust allocation downward during low interest rate period??
Replies: 4
Views: 327

How to Adjust allocation downward during low interest rate period??

So, the current climate doesn't seem terribly favorable for those who are ready to start slowly adjusting their asset allocation as they grow closer to possible retirement. Teacher here, about 7 years from possible retirement (with about $1,800 a month pension) 12 years from a more likely retirement...
by coachd50
Mon Apr 13, 2020 12:13 pm
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

Last June, Bloomberg ran an article how Vanguard patented a process that limits the capital gains distributions in its funds. The example the article gave is the takeover of Monsanto by Bayer. Every other fund that included Monsanto had to distribute the capital gains to their shareholders; but Van...
by coachd50
Mon Apr 13, 2020 11:40 am
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

1) That is a good idea, but I just had an auto dividend investment last week into FXAIX (in ROTH) so the wash rule would take affect. Around $250 in purchases on march 16 with dividend reinvestment in April and auto purchases scheduled on the 15th or April (I just suspended the auto investment in A...
by coachd50
Mon Apr 13, 2020 9:53 am
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

Another question based on my post Could I harvest the loss from the small cap, and possibly some short term losses from the 500 index fund (I have about 200 in a wash sale situation), and buy an total stock market ETF instead? I know VERY VERY little about ETFs, only that they can be traded intra da...
by coachd50
Mon Apr 13, 2020 8:07 am
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

Exchanging small cap to S&P 500 certainly is not "substantially identical", so exchange away and harvest that loss. Better yet, I am sure you have losses in FXAIX too, why not sell both and buy FSKAX (Fidelity Total stock market index fund) to harvest even more losses? I am not sure that a muni fun...
by coachd50
Sun Apr 12, 2020 7:10 pm
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

Thank you for the replies. That is good guidance on the international allocation. I am mostly interested in info/guidance on tax loss harvesting. Have never done it before, but it seems if I were to sell my small cap, and replace with another fund (probably 500 INDEX) I will get to write off that $...
by coachd50
Sun Apr 12, 2020 4:07 pm
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Re: Portfolio Review/ Tax Loss Harvest Guidance

Thank you for the replies. That is good guidance on the international allocation. I am mostly interested in info/guidance on tax loss harvesting. Have never done it before, but it seems if I were to sell my small cap, and replace with another fund (probably 500 INDEX) I will get to write off that $2...
by coachd50
Sun Apr 12, 2020 2:06 pm
Forum: Personal Investments
Topic: Portfolio Review/ Tax Loss Harvest Guidance
Replies: 14
Views: 638

Portfolio Review/ Tax Loss Harvest Guidance

Emergency funds: Yes Debt: Mortgage 4% 60,000 remaining. Required P&I is about $600. I pay about an extra $400 every month. Escrow payments ~$270 Tax Filing Status: Single Tax Rate: 22% Federal, 6% State (Louisiana) State of Residence: LA Age:45 Desired Asset allocation: 75% stocks /25% bonds Curren...