Search found 211 matches

by balbrec2
Fri Nov 08, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Bond yield too low, how about high yield stock?
Replies: 24
Views: 1756

Re: Bond yield too low, how about high yield stock?

10 yield treasure yield drop below 2%. many high divdend stock (T, VZ, MO, PG, MSFT, JNJ) pays >4% dividend. for aging population, instead of bond, why not high dividend stock. Some might argue the stock might drop. But you can re-invest dividend and buy at discount. Also high dividend stock is usu...
by balbrec2
Tue Oct 15, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5017

Re: REITs or investment property?

VTI includes REIT's. If you want to go a little heavier then there is VNQ. Good luck! Umm, "a little heavier" would be a bit of an understatement. VNQ is a real estate sector index fund. Its only REIT's. VTI is an index fund of the entire US stock market. Quite a difference. I meant adding a small ...
by balbrec2
Mon Oct 14, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5017

Re: REITs or investment property?

What do you all think of owning REITs versus rental property that you hold yourself? Are they fiscally equivalent? Are the benefits of a corporate structure around property worth the hassle? Owning and managing rental property is a second job. You need the time and temperament for it. There are tax...
by balbrec2
Sat Sep 28, 2019 8:15 am
Forum: Investing - Theory, News & General
Topic: "Don't Put Beating the Market Atop Your To-Do List"
Replies: 5
Views: 889

Re: "Don't Put Beating the Market Atop Your To-Do List"

Everyone cannot beat the market simply because everyone is the market
by balbrec2
Tue Sep 24, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Home as Investment: Would Negative Interest Rate Makes Sense?
Replies: 5
Views: 894

Re: Home as Investment: Would Negative Interest Rate Makes Sense?

Dale_G wrote:
Sun Sep 22, 2019 12:30 am
Don't worry. While the banks may pay negative interest rates, they won't charge negative interest rates.

Dale
+1
by balbrec2
Fri Sep 13, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 101
Views: 15958

Re: Rich people are hoarding cash

When measure wealth, you have to use gold standard :sharebeer 40 years ago when gold was 35USD/oz, 1 mil USD = 28571 oz of gold today gold is 1500USD/oz, you will need 28571x1500=42 mil USD to be qualified as a true millionaire. If so, I guess 99% of all BHs are fake millionaires. When gold was $35...
by balbrec2
Fri Aug 23, 2019 8:47 am
Forum: Investing - Theory, News & General
Topic: Preferred Stock
Replies: 27
Views: 1729

Re: Preferred Stock

Anyone here invest in them for their fixed income Ric Ferri in a podcast suggested the etf PFFD Found this, pretty much sums up my feelings on preferred's, n many ways, the insulation preferred stock appears to offer shareholders can seem attractive, but the truth is preferred stock, generally spea...
by balbrec2
Thu Aug 08, 2019 1:30 pm
Forum: Investing - Theory, News & General
Topic: The reasons dry powder and tactical asset allocation doesn't work
Replies: 26
Views: 3236

Re: The reasons dry powder and tactical asset allocation doesn't work

What about EF? Do you keep that in money market funds? I am retired and don't have an emergency fund. I don't keep any money in money market funds and don't have a savings account nor any CDs. Car breaks down needs a new engine or transmission. Large unexpected healthcare expense pops up Furnace br...
by balbrec2
Wed Aug 07, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789076

Re: What's Your Credit Card Rewards Strategy?

Amex bonvoy for free night, other (reward points) Amex preferred cash for groceries and gas, other (cash back) Chase ink cash for office supplies internet and cell phones, other (cash back) Chase bonvoy boundless for free night and other. (Platinum Bonvoy status) This is a nice perk (rewards points...
by balbrec2
Tue Aug 06, 2019 8:46 am
Forum: Personal Investments
Topic: 401k or Roth401k?
Replies: 17
Views: 1391

Re: 401k or Roth401k?

Hello, My employer offers both a traditional 401(k) and a Roth 401(k) option. I currently am maxing out a Roth IRA and contributing 12% of my income to the traditional 401(k). Does it make sense to switch to the Roth 401(k) or keep what I currently have and continue with a Roth IRA and a traditiona...
by balbrec2
Tue Jul 30, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: When to get attorney after car accident?
Replies: 27
Views: 3473

Re: When to get attorney after car accident?

Your instincts are right. If you’re seriously injured in a car accident, you should 1) see the correct medical people for your injuries, and 2) see a personal injury attorney. A head injury is a serious injury, pretty much by definition. You don’t have to rush out and find an attorney right this we...
by balbrec2
Wed Jul 24, 2019 6:43 pm
Forum: Investing - Theory, News & General
Topic: Utilities - worth another look?
Replies: 113
Views: 10137

Re: Utilities - worth another look?

In general, I am on board with Bogleheads’ general admonition not to pick sectors. However, over the past 20 years, utilities have offered the least correlation to TSM of any sector (.55) with similar returns (7% CAGR). https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYe...
by balbrec2
Sun Jul 21, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a transaction free credit card for Ireland?
Replies: 70
Views: 3133

Re: Do I need a transaction free credit card for Ireland?

Apply for Chase Sapphire Preferred card, it pairs well with the existing Chase Freedom card. It does have an annual fee, but does not have foreign transaction fee. Its rewards can be use domestically. If used for travel (flights or hotels), either domestic or international, you get a 25% bonus. The...
by balbrec2
Mon Jul 15, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8275

Re: Tenant turned off all utilities advice please!!

Smoke wrote:
Mon Jul 15, 2019 9:03 am
I would take pictures and document everything, including all bills and cleaning fees.
Keep the deposit and wait for litigation in small claims court by the ex tenant.
Have all your ducks in a row, just in case.
+1
by balbrec2
Sat Jul 13, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Financing my daughter's college with my 401K
Replies: 60
Views: 3999

Re: Financing my daughter's college with my 401K

Absolutely, do not pay for college with your 401k
Other posters here have outlined several reasons why
and have given multiple alternatives.
Given all of this it sounds like you want to go ahead and make this mistake anyway
You will regret it.
Good luck
by balbrec2
Fri Jul 12, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 14530

Re: Should I encourage my kids to work in high school/college?

Better grades are more important than any savings they may accumulate. Said saving would be used against them when applying for financial aid If they are going to college. The money ends up hurting while higher grades may earn them a scholarship. Then again you have to know what kind of student you ...
by balbrec2
Wed Jul 10, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: applying for business credit card
Replies: 10
Views: 842

Re: applying for business credit card

I recommend the chase Ink cash business card.
No annual fee. Nice benefits
by balbrec2
Wed Jul 10, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal Math Verification Needed
Replies: 20
Views: 1835

Re: Retirement Withdrawal Math Verification Needed

IMHO at your age you are far from needing to think about the question you have asked. You can't even know you will have that much capital by that age let alone how long it will last. Right now just think about stashing as much as you can into various retirement plans and an appropriate asset allocat...
by balbrec2
Wed Jul 10, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 10160

Re: Who cuts your hair? And for how much?

Mike, $12, once a month.
by balbrec2
Tue Jul 09, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice from credit card churners - building supplies
Replies: 14
Views: 1256

Re: Seeking advice from credit card churners - building supplies

Lowes has a CC that gives a 5% discount . Price reduced by that amount at the time purchase.
by balbrec2
Sun Jul 07, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11075

Re: The Day Has Come - Hit Retirement Number - Now What?

Does your retirement number allow for a 50% drop in the stock market?
Remember, too much is never enough and AA becomes very important.
by balbrec2
Wed Jul 03, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Adult son has not controlled credit card overuse!
Replies: 106
Views: 6701

Re: Adult son has not controlled credit card overuse!

Oakwood42 wrote:
Wed Jul 03, 2019 2:21 pm
inverter wrote:
Wed Jul 03, 2019 11:47 am
I would stay completely out of it.
+1
+2
by balbrec2
Wed Jul 03, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 22072

Re: Do you share your net worth with family members?

My one concern is my children and the FAFSA application. I don't want them to know how much I have but the FAFSA application wants everything spelled out, down to the amount you have in your 401k. To me that's a big problem because they are the last ones I want to know what my net worth is and unfo...
by balbrec2
Wed Jul 03, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 22072

Re: Do you share your net worth with family members?

Spouse only! That being said, I am clearly the most well off in my family. It shows due to real estate. The part they don't see and never will, are my and my wife's financial holdings. There is no good that can come from sharing this information. Our one grown son has an inkling but will only find o...
by balbrec2
Tue Jul 02, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: City Bank reducing card benefits
Replies: 4
Views: 904

Re: City Bank reducing card benefits

if you are looking for a travel oriented card with primary car
rental insurance coverage look at Chase Sapphire preferred
by balbrec2
Mon Jul 01, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 116
Views: 22316

Re: Best cash-back credit card right now?

If you don't want to play games, just use Citi doublecash. If you play games for fun and profit.....first, don't use an Amex anything for manufactured spending as they'll shut you down immediately. Citi Double cash is a good background card. HSPC card for the first 6 months is better, if you can fi...
by balbrec2
Mon Jun 24, 2019 7:01 pm
Forum: Investing - Theory, News & General
Topic: Preferred Stocks?
Replies: 11
Views: 1583

Re: Preferred Stocks?

I have my 3 fund portfolio , have a friend who is recommending Preferred Stocks ? Claims 5-6 % with little risk since the preferred have to be paid before the common. He is suggesting I invest a small portion of my portfolio. Are things safe as an investment or are they junk bonds??? Tat preferred ...
by balbrec2
Mon Jun 24, 2019 8:14 am
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 11995

Re: Does anyone own gold?

I have a few silver and gold coins. It doesn't make up 5% (maybe close to 1%) and I don't recommend it as an investment. But I'd MUCH rather have gold than bitcoin. :mrgreen: I also have a bunch of old silver coins as a disaster hedge but I know its not a good investment. It's a small insurance pol...
by balbrec2
Thu Jun 20, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Getting my own Chase Sapphire Reserve or added as authorized user?
Replies: 23
Views: 2073

Re: Getting my own Chase Sapphire Reserve or added as authorized user?

These sign up bonuses aren't just handed out for signing up.
In the case of the CSR card you need to put at least 4k on the card in the first
three months after you activate it.
by balbrec2
Wed Jun 19, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 3004

Re: How to estimate taxes during retirement?

Take a look at the retirement income tax calculator @ smartasset.com.
Should get you close.
by balbrec2
Mon Jun 17, 2019 5:02 pm
Forum: Non-US Investing
Topic: Variable (0.96%) or fixed (2.29%) mortgage for 30 years?
Replies: 10
Views: 1668

Re: Variable (0.96%) or fixed (2.29%) mortgage for 30 years?

Not sure of your tax status but lets say you were in a 25 % bracket. After the tax deduction if you get one and subtracting inflation, you'd really be paying only about .12%. That's practically free money. That is an excellent fixed rate. If rates go up you're good. If rates go down, refinance, sti...
by balbrec2
Mon Jun 17, 2019 7:52 am
Forum: Non-US Investing
Topic: Variable (0.96%) or fixed (2.29%) mortgage for 30 years?
Replies: 10
Views: 1668

Re: Variable (0.96%) or fixed (2.29%) mortgage for 30 years?

Not sure of your tax status but lets say you were in a 25 % bracket. After the tax deduction if you get one and subtracting inflation, you'd really be paying only about .12%. That's practically free money. That is an excellent fixed rate. If rates go up you're good. If rates go down, refinance, stil...
by balbrec2
Mon Jun 10, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 5392

Re: 22 Years Old - Which credit card to begin with?

2. make sure your utilization rate is 30% or less. If you have one credit card with a $5000 limit, don't have an outstanding balance of more than $1500 at any time. If you are at risk of doing this, sign up for more cards (but don't use them). I use 1% of my available credit because I have 7 credit...
by balbrec2
Fri Jun 07, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Treasury Money Market yield so high?
Replies: 108
Views: 29542

Re: Why is Vanguard Treasury Money Market yield so high?

SEC 7-day yield of Vanguard Treasury Money Market fund (VUSXX) is 2.33% as of 6/6/2019. That's only down 3 basis points from the high of 2.36%, last seen on 4/5/2019. The fund holds Treasury Bills in the 1-month to 3-month maturity range, with average maturity of 43 days and weighted average life o...
by balbrec2
Mon Jun 03, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4129
Views: 789076

Re: What's Your Credit Card Rewards Strategy?

Amex bonvoy for free night, other (reward points) Amex preferred cash for groceries and gas, other (cash back) Chase ink cash for office supplies internet and cell phones, other (cash back) Chase bonvoy boundless for free night and other. (Platinum Bonvoy status) This is a nice perk (rewards points)...
by balbrec2
Tue May 28, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: AmEx rewards points
Replies: 15
Views: 1471

Re: AmEx rewards points

I had a green AmEx for many years before we switched to a Fidelity Reward card that pays a straight 2% on everything (that I reinvest in a brokerage account - more than $3000 in just three years!) Those many AmEx years means I now have >450,000 Membership Rewards points and I'm trying to figure out...
by balbrec2
Wed May 22, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6638

Re: Delaying social security = harming nest egg?

Ignoring whether one has the funds to delay SS and ignoring a medical history that would indicate living more or less than the tables would predict, if one takes SS early and dies before the tables say they should die, that person comes out ahead. If one takes SS early, and dies after the tables sa...
by balbrec2
Tue May 14, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 5108

Re: Move out or stay at my parents?

Hi I’m 27 and I just bought a 2 family home. I’m renting it both but was debating moving in the downstairs apartment. His lease is up in September. I put down 20 percent and I would be paying around 1100 a month in “rent” towards the mortgage. My parents, and brother are both telling me I should st...
by balbrec2
Tue May 14, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Worth Fighting a Speeding Ticket?
Replies: 64
Views: 4609

Re: Worth Fighting a Speeding Ticket?

I was clocked going quite a bit over the speed limit; however, I got extremely lucky with the cop and he gave me a break on the documented citation speed over the limit. My question is, should I still go the traffick lawyer route, even though I received lenience by the cop? Could this backfire with...
by balbrec2
Wed May 08, 2019 8:06 am
Forum: Investing - Theory, News & General
Topic: Is volatility good or bad?
Replies: 45
Views: 2601

Re: Is volatility good or bad?

Volatility is neither good nor bad. How you handle it can be good or bad though.
It is just a fact of market investing. Learn how to deal with it in a rational manner.
by balbrec2
Wed Apr 17, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with some stale CDs?
Replies: 5
Views: 704

Re: What to do with some stale CDs?

It's only around $200 to break this. You'll make an extra $200 in one year at 3% over what you make at your current 2% rate. Seems reasonable to break it now and start a new one. Rates will likely continue to rise, so you might run into this again. With the fed on hold for the balance of the year, ...
by balbrec2
Wed Apr 03, 2019 10:41 am
Forum: Personal Investments
Topic: Is it time to change my portfolio?
Replies: 7
Views: 858

Re: Is it time to change my portfolio?

I currently have a slice and dice 40% equity portfolio which I activated January 2013 (see benchmark results for allocations). I benchmarked this portfolio with VSCGX (Vanguard LifeStrategy Cnsrv Gr) and a 4 fund (see benchmark results) and both of these funds outperformed my slice and dice portfol...
by balbrec2
Wed Apr 03, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Do I have enough insurance?
Replies: 26
Views: 940

Re: Do I have enough insurance?

I've always been a little fuzzy on the best practices for insurance and am wondering if we need more. Just for background, this is a family of 4 (mid-thirties, kids age 4 and 1), NW ~$550k including home equity. Health - Maxing the HSA family plan through work, $2600 ded. Dental - family policy thr...
by balbrec2
Tue Apr 02, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: what makes an investment
Replies: 20
Views: 902

Re: what makes an investment

If it puts money in your pocket, it is an asset. This is a way to build wealth. If it takes money out of your pocket, it is a liability. This is a way to destroy wealth. If you don't know if it will pay you or cost you, it is a speculation. This is gambling. Go to Vegas, at least they have shows! T...
by balbrec2
Tue Apr 02, 2019 12:15 pm
Forum: Investing - Theory, News & General
Topic: what makes an investment
Replies: 20
Views: 902

Re: what makes an investment

If it puts money in your pocket, it is an asset. This is a way to build wealth.
If it takes money out of your pocket, it is a liability. This is a way to destroy wealth.
If you don't know if it will pay you or cost you, it is a speculation. This is gambling.
Go to Vegas, at least they have shows!
by balbrec2
Sun Mar 31, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Passed Over For Promotion for Being too Good at My Job
Replies: 55
Views: 5973

Re: Passed Over For Promotion for Being too Good at My Job

There are about 20 comparable rolls to mine at my company. I am the best by a large margin. My productivity is 50% higher than the 2nd best person, and about 150% higher than the average. I have succeeded at many high profile projects and have a decade of management experience, but am not a manager...
by balbrec2
Sun Mar 31, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 9850

Re: Failed land investments and what to do with it?

Or you'll end up paying another $1000 dollars for taxes in that time and it could be worth even less. Very good point... I'll negotiate with the land acquisition companies soon. Unless there is a chance there is oil under the land, take the lowball offers and think of this as a lesson for the future.
by balbrec2
Sun Mar 31, 2019 3:08 pm
Forum: Personal Investments
Topic: Mom retired with not quite enough savings, questions about annuity
Replies: 44
Views: 5717

Re: Mom retired with not quite enough savings, questions about annuity

Unfortunately, I think your mom had the number "65" in her mind as "retirement age" which is not uncommon. She doesn't have the money to retire. As others have advised, I think your mom needs to go back to work full time. She also needs to stop listening to her friends who seem about as clueless as...