Search found 1039 matches

by ohai
Thu Nov 14, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 37
Views: 2405

Re: Equal Inheritance for Children

Why not give $7500 a year to both child A and child B?This would help child A now, and it would be equally fair to both. This is what I would do, or something in between $7500 and $15k. It is the only way to ensure fairness. For example, what if you lose money in the future and are unable to pay Ch...
by ohai
Thu Nov 14, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Options for great aunt ($0 net worth, low income, retired)
Replies: 15
Views: 1818

Re: Options for great aunt ($0 net worth, low income, retired)

Is she open to moving somewhere with low cost and where a car is not necessary?
by ohai
Wed Nov 13, 2019 11:28 pm
Forum: Investing - Theory, News & General
Topic: Dow closing
Replies: 13
Views: 2181

Re: Dow closing

The calculation of the Dow makes it more likely that it will be unchanged than other indexes would be. The Dow weights all 30 stocks equally. The index value is computed by adding all the prices, and then multiplying by a factor to keep the values consistent over time. For example, if the prices to...
by ohai
Wed Nov 13, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1548

Re: Help me understand Owl Rock's 7% return

I'd also examine whether or not they are actually producing 7% returns or if this number is overstated for various reasons: lack of platform history, short tenure of loans, idle cash (reinvestment risk), best opportunities not available to everyone, etc. These are the reasons why Lending Club's 11% ...
by ohai
Wed Nov 13, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 29
Views: 3743

Re: adult child moving back

I am not judging, but I'd take an honest evaluation on daughter's career prospects and whether the minimum wage job is likely to be temporary or persistent after she completes her program. The first possibility is that she is getting a job and being somewhat self sustaining, while working on some de...
by ohai
Tue Nov 12, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents helping with college
Replies: 24
Views: 1837

Re: Grandparents helping with college

I don't believe grandparents paying directly to the school affects aid, as they only pay the bill once it's calculated and you don't declare extended family income or assets on your application. Someone correct me if I'm wrong.
by ohai
Fri Nov 08, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: Saving for a new vehicle
Replies: 36
Views: 3183

Re: Saving for a new vehicle

I don't see why you should segment your money specifically for this purpose. I'd just invest into your aggregate portfolio with your target overall allocation and withdraw money as needed.
by ohai
Thu Nov 07, 2019 4:46 pm
Forum: Personal Consumer Issues
Topic: Young parents, considering moving to city
Replies: 11
Views: 1241

Re: Young parents, considering moving to city

Seems like this depends on the city... if you are moving to NY City for family life, for instance, I'd say you're crazy. All other cities are probably on some scale of cost/lifestyle.
by ohai
Thu Nov 07, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Amazon delivery
Replies: 32
Views: 3596

Re: Amazon delivery

Amazon can only do this because of its huge scale of distribution, and logistical tendrils that touch and caress all the most private areas of the country. Basically, no matter where you live in the Continental US, there is already an Amazon delivery going there with a high frequency. So, there are ...
by ohai
Thu Nov 07, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 52
Views: 6337

Re: "Beer Money" Methods

5% cash back on the Amazon Prime credit card is fantastic. Also, I went to Coinstar and got $85 for the change I had been accumulating. I know that's not extra money, but still seemed pretty rewarding.
by ohai
Thu Nov 07, 2019 1:30 am
Forum: Personal Investments
Topic: NYC Real Estate
Replies: 15
Views: 2599

Re: NYC Real Estate

OP, you probably don't want to buy in NYC in this market. Prices have generally not appreciated for the past few years; home price indexes do not adjust for quality increase (i.e. renovations by owners), and increasing listing prices are due to new condos being better quality than old ones. Here's a...
by ohai
Wed Nov 06, 2019 5:14 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2499

Re: Should I let UBS manage our windfall?

Paying off the mortgage is probably not tax free given that they would probably be giving up the mortgage interest tax deduction. With the higher standard deduction, though, a lot of people won't benefit from itemizing anyway (one number I saw suggested that about 88% would take the standard deduct...
by ohai
Wed Nov 06, 2019 2:20 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2499

Re: Should I let UBS manage our windfall?

Paying off the mortgage is probably not tax free given that they would probably be giving up the mortgage interest tax deduction. However, I suppose 4.25% before tax is not necessarily bad either. Anyway, seems like OP is not fully confident to self manage their assets completely. It's fine to use p...
by ohai
Wed Nov 06, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: For those who fly often
Replies: 14
Views: 3257

Re: For those who fly often

Hi, OP. First/Business Class is not worth the money for most people most of the time, as is evidenced by the 95% of people who sit in the economy cabin. However, seats with upgraded legroom can be a worthwhile option for the cost. Even a few extra inches of space, you can achieve a more ergonomic se...
by ohai
Mon Nov 04, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Porsche aficionado question
Replies: 9
Views: 808

Re: Porsche aficionado question

Sounds like you should just drive both cars to see what is "too extreme" for you.
by ohai
Tue Oct 29, 2019 5:03 pm
Forum: Non-US Investing
Topic: 20 year old new investor.
Replies: 11
Views: 812

Re: 20 year old new investor.

At 20 years old, I'd put even more into stocks relative to bonds at these yields. That's up to you though. I'd also see if there was a corporate bond fund with higher yields than UK Government debt. Finally, since your investment amounts are small each time, I'd be mindful of commissions. If you get...
by ohai
Tue Oct 29, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4367

Re: Women wearing black to a wedding?

I've never imagined this would be an issue and have never remembered what any woman wore to a wedding, other than brides and bridesmaids. As long as "black" doesn't mean full Goth or something outlandish, I'd guess it's fine. That's my data point anyway.
by ohai
Mon Oct 28, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: Using a windmill to power a water well pump
Replies: 7
Views: 745

Re: Using a windmill to power a water well pump

Is anyone using such a setup around where you live? If not, there is probably some reason - lack of reliability, cheapness of alternatives, or so on.
by ohai
Wed Oct 23, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Car choice help
Replies: 24
Views: 1380

Re: Car choice help

OP, the Hyundai is going to be objectively the best vehicle for dollar among the three choices you specified. However, if you want a bit more in terms of luxury and prestige, and are not cost sensitive, then consider one of the others. It's really up to what you consider to be priorities. It's ok to...
by ohai
Mon Oct 21, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: Updgrade car for new safety features?
Replies: 77
Views: 4867

Re: Updgrade car for new safety features?

I'd keep the old cars for a couple more years. Both are fairly modern and are new enough to have decent safety features, especially the MDX. In addition, all those electronic aids in new cars are getting better over time. It might be worth waiting for a refresh to get even better technology. For exa...
by ohai
Mon Oct 21, 2019 1:18 pm
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4325

Re: Fine Art Investments

I think you will need to know how to play the sensationalism and promotion game too. How do you value art? It's just what some guys in a cabal agree that the price is. For instance, my office building has some awful Leonard Koontz stuff that is worth $20 million or something . How did Mr. Koontz an...
by ohai
Mon Oct 21, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: My husband says I can retire. Is he right?
Replies: 45
Views: 6208

Re: My husband says I can retire. Is he right?

OP, how much do you earn in your job? Retirement safety is not Yes/No. It is a balance of % safety and utility. If you make $1 million a year, then you'd probably not want to retire, as another year of work can dramatically improve your outlook. Even if you don't care about spending past $80k a year...
by ohai
Fri Oct 04, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4332

Re: Recommendation for Carry on Luggage

I don't think you can really go wrong here. In fact, I have the opposite problem, where the $50 carry on I bought 10+ years ago at Ross Dress for Less hasn't broken yet. So, I still have it around. Any suitcase with 4+ star on Amazon is probably much better than anyone will actually care about.
by ohai
Fri Oct 04, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: relocating across country
Replies: 47
Views: 3327

Re: relocating across country

If you have $220k to spend somehow, it seems much easier to make the transition seamless. Rent a big house for 6 months to 1 year, move your family, and move your stuff gradually. Just hire some movers to pack up your stuff. When I moved, I hired a company and just felt awkward standing around while...
by ohai
Fri Oct 04, 2019 1:08 pm
Forum: Non-US Investing
Topic: portfolio advice europe
Replies: 4
Views: 513

Re: portfolio advice europe

Hi, buddy. Looks like your goal is to diversify across world indexes, in which case you can probably find a simple ETF, or 2-3 ETFs that accomplish this. You can probably omit gold and REITs from special allocations.
by ohai
Fri Oct 04, 2019 9:25 am
Forum: Non-US Investing
Topic: Anyone know of an ETF that tracks teh whole world except UK?
Replies: 34
Views: 2273

Re: Anyone know of an ETF that tracks teh whole world except UK?

OP, if you can't find such a fund that excludes UK, which I suspect will be the case, then you could just contruct a portfolio with things other than the UK, or underweight countries that are correlated to the UK. For example, you can approximate a world equity portfolio through something like 60% S...
by ohai
Thu Oct 03, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 7974

Re: Daddy I'm engaged! Pre-nup?

OP, you are nowhere near rich enough that your inheritance should trigger pre nup concerns. If your kids become the next Jeff Bezos, then yes, tell them to consider it.
by ohai
Thu Oct 03, 2019 11:49 am
Forum: Personal Investments
Topic: Worthy Peer Capital 5%
Replies: 4
Views: 421

Re: Worthy Peer Capital 5%

What's the "inventory" in this disclaimer? It sounds like these are asset backed bonds secured by the physical inventory of some kind of businesses. I don't know if insurance matters: SIPC won't insure your other high yield bonds either. However, I'd be very wary about their claims of protection and...
by ohai
Wed Oct 02, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: Recommendation for Carry on Luggage
Replies: 64
Views: 4332

Re: Recommendation for Carry on Luggage

The two bags that people seem to recommend are the Ebags soft roller thing, and Travelpro. The Ebags one looks sort of dorky though. So I'd prefer the other one. Personally, I've changed to some Osprey backpack - Porter or something - as I find that it is easier to move with this format. No one ever...
by ohai
Wed Oct 02, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for 24 y/o
Replies: 9
Views: 912

Re: Career advice for 24 y/o

What backgrounds do people with those jobs in your company have?
by ohai
Wed Oct 02, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Luxury condo
Replies: 56
Views: 4879

Re: Luxury condo

1) If the cap rate is lower than similar properties, then the price could be too high. You can low ball bid for the condo if you believe that is the case. 2) You could just rent the condo if you like living there. It could just be a messed up pricing situation. In NY, as an example, new condos have...
by ohai
Tue Oct 01, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Luxury condo
Replies: 56
Views: 4879

Re: Luxury condo

1) If the cap rate is lower than similar properties, then the price could be too high. You can low ball bid for the condo if you believe that is the case. 2) You could just rent the condo if you like living there. It could just be a messed up pricing situation. In NY, as an example, new condos have ...
by ohai
Sun Sep 29, 2019 9:06 pm
Forum: Personal Investments
Topic: Can I hit my goal?
Replies: 9
Views: 1396

Re: Can I hit my goal?

I don't know what to say. It is not a 100%/0% answer. If 8% is the average return, then you have a 50% chance of making it. In the future low interest rate world, perhaps all asset returns will be suppressed. If average returns in the future are 7%, then you have maybe a 20% chance of success. Also,...
by ohai
Thu Sep 26, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20160

Re: financially clueless senior MIL who thinks she’s rich

Jack FFR1846 wrote:
Thu Sep 26, 2019 1:33 pm
You offered to help and she said "bud out".

I don't see any further questions here.
Seems kind of inescapable though. If MIL goes bankrupt, she'll ask for help and they can't exactly say take a hike.
by ohai
Thu Sep 26, 2019 10:41 am
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4325

Re: Fine Art Investments

Here is another suggestion, which is to invest in royalties for films and music. Apparently, a lot of ownership of media has expirations, or can be traded on the secondary market. So, if you like Fast and Furious movies or something, you can buy an ownership percentage in future income from that pro...
by ohai
Thu Sep 26, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4142

Re: Can I afford around a $2M home?

I'd recommend that you take the lesser of your two incomes, or just yours if you think it's very stable, and use that for your budgeting. According to Elizabeth Warren's (Sad!) book, 2 income households are more subject to financial issues since the budget tends to be off balance if either income is...
by ohai
Thu Sep 26, 2019 9:39 am
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4325

Re: Fine Art Investments

If we are talking about these alternative luxury investments, I'd suggest fine liquors like whiskeys instead of art. It's hard to quantify art by any measure, but whiskeys are dated, and I'm confident that a 40 year old bottle will be more rare than it was at 10 years.
by ohai
Wed Sep 25, 2019 4:35 pm
Forum: Personal Investments
Topic: Fine Art Investments
Replies: 77
Views: 4325

Re: Fine Art Investments

I think you will need to know how to play the sensationalism and promotion game too. How do you value art? It's just what some guys in a cabal agree that the price is. For instance, my office building has some awful Leonard Koontz stuff that is worth $20 million or something. How did Mr. Koontz and ...
by ohai
Wed Sep 25, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Leaving NYC for retirement, Hudson Valley or PA. etc?
Replies: 21
Views: 2539

Re: Leaving NYC for retirement, Hudson Valley or PA. etc?

How often does he intend to visit the city? If it is just a few times a year, then perhaps his options are open to further locations like Florida or such. Also, if he targets the area where PA and NJ join together, I hope he likes motorcycles, because Harley Davidson clubs seem to have taken over th...
by ohai
Wed Sep 25, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on affordability of 1.2mm home
Replies: 5
Views: 1055

Re: Advice on affordability of 1.2mm home

Missing from this question is the quantifiable difference between your old house and one that costs almost twice as much, as well as what options lay in between those two houses. Can you afford the house? Most likely yes. Is it a good decision? I don't know - I haven't seen either house. You'll prob...
by ohai
Wed Sep 25, 2019 1:43 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9623

Re: Merrill Lynch Advisor wants to meet for coffee

Tell them you have $20 million with GS and are unhappy with their service, but you only do advisor meetings at Masa.
by ohai
Wed Sep 25, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Is it out-of-style for business women to wear pantyhose?
Replies: 19
Views: 4448

Re: Is it out-of-style for business women to wear pantyhose?

OP, who knows what the latest norm is on this topic. I will help you by closely examining the legs of my female coworkers and report back with reports.
by ohai
Tue Sep 24, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reasonable Accommodation Requests?
Replies: 48
Views: 3319

Re: Reasonable Accommodation Requests?

You should get a medical professional to write a letter to your employer. Otherwise, this just seems like you're very particular, especially with the perfume stuff.
by ohai
Tue Sep 24, 2019 2:14 pm
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 84
Views: 10894

Re: So, Wow [AA change after divorce]

Ok. I guess I should not be presumptuous about OP's relationship. However, I think some advice above is good regarding segregating school costs, just like you would financial assets, until after marrige. This seems like a good practice in general, especially for items of such significant financial m...
by ohai
Tue Sep 24, 2019 12:26 pm
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 84
Views: 10894

Re: So, Wow [AA change after divorce]

Wait, are you guys saying OP is a 50-year-old guy putting a fiance through med school? This is like sketchy to the max.
by ohai
Tue Sep 24, 2019 10:44 am
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 84
Views: 10894

Re: So, Wow [AA change after divorce]

Maybe you could find a new wife who is divorced with $2 million of assets and combine to get $5 million back.
by ohai
Tue Sep 24, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: How did your Windows 10 upgrade go?
Replies: 60
Views: 3994

Re: How did your Windows 10 upgrade go?

Windows 10 was pretty rocky at first, and basically every company had severe issues when upgrading on an enterprise level. However, it became much more seamless after a lot of patches came out.
by ohai
Fri Sep 20, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: Car accident - questions (both financial and otherwise)
Replies: 15
Views: 1246

Re: Car accident - questions (both financial and otherwise)

What car were you driving in the accident? Cars made after say, 2011 are already dramatically safer than the ones before, and it's common for even entry level cars nowadays to have quite sophisticated safety features. I don't think you will need to buy an expensive car to have 90% of the protection ...
by ohai
Thu Sep 19, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9221

Re: Best places to live to raise a family (cost doesn't matter)

Is it a big deal if San Francisco has more crime relative to New York or something? All these cities are probably safe despite their relative ranking and furthermore, there is probably a large variation in those numbers depending on the neighborhood.
by ohai
Thu Sep 19, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: What happens to reinvested dividends' missing money?
Replies: 11
Views: 1112

Re: What happens to reinvested dividends' missing money?

This has been explored in great depth in the documentary film Office Space.