Search found 639 matches

by jminv
Fri Dec 14, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 25
Views: 870

Re: Moving from Schwab to another bank

There isn't another bank and broker that's a close equivalent to Schwab for international. Schwab has a very expat/international friendly model: 2 factor identification texts to your overseas cell phone number, can access the account online from anywhere in the world without flagging it, fee rebate ...
by jminv
Fri Dec 14, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: Recession Coming
Replies: 49
Views: 5914

Re: Recession Coming

I've noticed that there appears to be signficant weakening in Europe, which is where I am and Asia, which is where I often go for work/travel. Anecedotally and to stay on topic, there have been a plethora of very cut rate airfare/hotel/package sales in the past 2 months, accelerating within the last...
by jminv
Thu Dec 13, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Agriculture Tax -- Using 401k's and Futures Contracts
Replies: 4
Views: 395

Re: Agriculture Tax -- Using 401k's and Futures Contracts

Hello All, I have this idea that is somewhat complex... In agriculture, farmers have the ability to gift grain to children and utilize a zero cost basis for the gift. Since the grain has not yet been marketed and a buyer has not been found there is no basis established at this point. If the child i...
by jminv
Wed Dec 12, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Stock/Securities Backed Loan
Replies: 1
Views: 92

Re: Stock/Securities Backed Loan

I am considering purchasing a house in the near future. I am near retirement but still working. I plan to get a loan/mortgage for about 30-40% of the purchase price of the new house. I would rather not sell my stock at this time for the purchase of the house. My after tax portfolio is about 2.5 tim...
by jminv
Wed Dec 12, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Pension being sold, advice?
Replies: 5
Views: 591

Re: Pension being sold, advice?

This concerns my spouse. First, we are both mid 40s. Neither retired, combined base income is 255k, two kids about 5 years from college, very solid investment portfolio. My wife is eligible for a small pension from a past employer. The company is selling the pension to an insurance company. She has...
by jminv
Mon Dec 10, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2033
Views: 379025

Re: What are you up YTD? [Year To Date]

Solidly up for the year on oil. Overall portfolio up around 9% YTD. Current allocation now roughly equal parts gold, oil, LT bonds, US equities, int'l equities. Nice, is this an unlevered portfolio?. H If stocks completely tank, I'm on the hook for another 40% of exposure via short puts on equity i...
by jminv
Mon Dec 10, 2018 4:17 am
Forum: Personal Consumer Issues
Topic: Rental car totalled - amex insurance issue
Replies: 19
Views: 3210

Re: Rental car totalled - amex insurance issue

First call Amex, tell them what hertz told you, and ask for advice. If they tell you to pay, id ask them to look into claim further . I say that since you said you heard about it from hertz not Amex. Don’t pay Avis before doing so. Whatever agreement Amex and avis have come to might end the claim an...
by jminv
Sun Dec 09, 2018 5:30 am
Forum: Investing - Help with Personal Investments
Topic: Help on how to break even on investment idea
Replies: 4
Views: 681

Re: Help on how to break even on investment idea

Why do you want to buy a house in the foreign country when you're worried about it not working out there? That is, after all, the reason you want to rent out the house you own. You should first rent in the new country, not buy. This won't require you to take out a loan since your mortgage will be co...
by jminv
Sat Dec 08, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 33
Views: 3152

Re: Attic insulation-R30 to R60 worth it?

I had a similar problem. I first added an extra r-30 layer and sealed up leakage myself. The effect was marginal. I then realized it was actually an air distribution issue which is probably the case here. You should get a second opinion from an hvac company first. It sounds more like an airflow issu...
by jminv
Sat Dec 08, 2018 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Solar Tax Credit
Replies: 11
Views: 1112

Re: Solar Tax Credit

Hello, a regular reader but first time poster, trying to gauge the group thoughts/views regarding Solar Credits. During a recent routine annual tax planning phone call, my CPA suggested to enroll into a solar equity exchange. In short, the annual taxes will be used by the IRS to invest 90% taxes in...
by jminv
Fri Dec 07, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2033
Views: 379025

Re: What are you up YTD? [Year To Date]

+15.59% YTD. Gave up quite a bit of gains.
by jminv
Thu Dec 06, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Tax Credit
Replies: 11
Views: 1112

Re: Solar Tax Credit

Hello, a regular reader but first time poster, trying to gauge the group thoughts/views regarding Solar Credits. During a recent routine annual tax planning phone call, my CPA suggested to enroll into a solar equity exchange. In short, the annual taxes will be used by the IRS to invest 90% taxes in...
by jminv
Thu Dec 06, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1999

Re: Should we sell farmland to coal company?

Do you want a surface coal mine 4 miles from your house? Will they still strip mine if you don’t sell, or can you stop the project by not selling? Living next to a strip mine is something I would not do. If the project goes forward, you will want to move. I'm not sure if us not selling would stop t...
by jminv
Thu Dec 06, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1999

Re: Should we sell farmland to coal company?

I would sell the land after first verifying that your land valuation based on it's use as farmland is valid, ie, it's not worth more than the number you are thinking. Then you need to talk to a local land person about what is the normal price per acre and royalty rate for a surface mine around you. ...
by jminv
Wed Dec 05, 2018 4:00 am
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4222

Re: Why Is Insurance Worth It (Analytically)?

There are insurance like products that are terrible values which don't protect against low probability, high value events ie extended warranties. I think that's a separate issue most people can agree should not be bought. As to standard health, life, auto, and home insurance: You buy insurance to pr...
by jminv
Wed Dec 05, 2018 1:24 am
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 8601

Re: Is this normal for an HOA?

I received a form included with our 2019 dues asking for a lot of personal information, and no letter stating why they need it or what they will do with it. I have tried calling the management company and it rings until it goes to a mailbox that is full, so I don't know if they are already gone for...
by jminv
Sun Dec 02, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Trying not to use the term timing, but...
Replies: 23
Views: 1848

Re: Trying not to use the term timing, but...

I'm 39, have a bit of experience (dumb moves over the years), and am contemplating short term preservation. In my 401K I currently have 120K. 50% in VINIX (Vanguard large) 20% in VMCIX (Vanguard mid) 20% in VSCIX (Vanguard small) 5% in VBIMX (Vanguard interm bond) 5% in EIBRX which is Eaton Vance h...
by jminv
Sun Dec 02, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10324

Re: Why is Costco gas so much cheaper

Oh, I need to fill up on gas. Costco is nearby. They always have the lowest price. Not by much, but still, penny saved is a penny earned. [go to Costco gas, fill-up, save $1.50 on gas] Oh what’s that on the bottom of the receipt? If i show the receipt in the store, I can save $1.50? Good deal. Hmm,...
by jminv
Sun Dec 02, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Manager suddenly passed away - New manager ethical dilemma
Replies: 23
Views: 4041

Re: Manager suddenly passed away - New manager ethical dilemma

Why don’t you put yourself in the running for the position? Or someone else on the team that people and managers/allies from different departments could get behind. If you don’t want to do that or in combination with that you can try to get her when she slips up. It could be helpful to have allies a...
by jminv
Sun Dec 02, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5078

Re: Considering residential real estate investment

And, you can do much better than the professionals because you can operate on a smaller scale. No REIT is going to even look at a SFH, no matter how good an investment it might be. For an individual it a meaningful part of his portfolio and is worth time and effort. There are actually SFH REITs whi...
by jminv
Sun Dec 02, 2018 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5078

Re: Considering residential real estate investment

I'm considering purchasing a condominium with cash in a college town (professional area, not college kids) that costs $200,000 (including cost for renovations). The property would be valued around $230,000 after renovations. I would like to then rent the property for a steady source of income. I am...
by jminv
Sun Dec 02, 2018 1:22 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10324

Re: Why is Costco gas so much cheaper

Having cheap gas decreases member churn, increases in store purchases, and increases the number of customers ie attracts new members. By having the gas stations, they also increase the frequency of member visits which is pretty important to having a member view Costco has an attractive value proposi...
by jminv
Sat Dec 01, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Family loan
Replies: 19
Views: 1284

Re: Family loan

How to say no to loaning money to your parents? I have lent money to my parents over the years and they just can’t live within their means. They would be fine if they didn’t try to run a berry farm. This is their second career and they have ss income and a pension. They are asset heavy or so they c...
by jminv
Fri Nov 30, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4409

Re: How do Bogleheads justify taking vacation?

Can fellow Bogleheads and financially prudent people explain how do you justify taking vacation? So far I have come up with "reasons" for taking vacation, but I can't really justify any of them. - I don't like to do "touristy" things. I couldn't be bothered with whatever monument or landmark. - I a...
by jminv
Fri Nov 30, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Any single income earners with kids able to retire "early"?
Replies: 23
Views: 1557

Re: Any single income earners with kids able to retire "early"?

I made my money in my 20s and early 30s. Married, kid, retired in my mid-30s (at least for now). It’s possible. It’s probably not very helpful, but the key is to make a lot of money and save the majority of it. Easier if your spouse worked, though.
by jminv
Fri Nov 30, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Amazon's baby registery deception
Replies: 2
Views: 560

Re: Amazon's baby registery deception

It’s difficult to miss the ‘sponsored’ tag, whatever the article says about that. Regardless, they shouldn’t be putting these ads in registries since it could turn off the recipient and/or giver if it’s not something they want. Not a good action for the most ‘consumer centric’ business. I would expe...
by jminv
Thu Nov 29, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: How do you spend/kill time online?
Replies: 21
Views: 2657

Re: How do you spend/kill time online?

I read company reports and perform financial analysis of companies. I also check out wallstreetbets on reddit for laughs every few days. Other than that, I try to spend time offline: at the gym, walking around my city, exploring, travelling if I have extended downtime, listening to speakers I'm part...
by jminv
Thu Nov 29, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Need advice on finding a coder
Replies: 6
Views: 765

Re: Need advice on finding a coder

I would guess that he got all those reviews (which means even more completed jobs since not everyone reviews) by focusing on the jobs and not ripping off ideas. Even if he were based in Canada, there's nothing keeping a Canadian from telling someone else/selling it to someone and your recourses woul...
by jminv
Thu Nov 29, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: First Crypto ETF Index Fund launched!!! $HODL
Replies: 67
Views: 5564

Re: First Crypto ETF Index Fund launched!!! $HODL

Nicolas wrote:
Thu Nov 29, 2018 11:42 am
White Coat Investor wrote:
Thu Nov 29, 2018 11:31 am
The whole thing is just a big joke, even the name of the ETF. I feel badly for anyone putting serious money into the entire asset class.
What is the joke with the ticker? It’s probably obvious but I don’t get it.
https://en.wikipedia.org/wiki/Hodl
by jminv
Thu Nov 29, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Sell Individual Stocks or Just Keep Them To Avoid Commissions?
Replies: 31
Views: 1864

Re: Sell Individual Stocks or Just Keep Them To Avoid Commissions?

Besides taking an offer from a competing brokerage that includes free trades, you can call fidelity, tell them what their competitor is offering to switch (you need to know the specific details of the offer ie who is offering how many free trades that are valid for how lonng), and ask them to match....
by jminv
Thu Nov 29, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Pay off Mortgage - performing mortgage
Replies: 27
Views: 2219

Re: Pay off Mortgage - performing mortgage

I'd like to explore the possibility with the bank to pay off my loan early. I have Cash aside in savings.... i.e. Will the bank negotiate a lower "pay off the mortgage now" price? Has anyone been successful in this? Thoughts/feedback would be appreciated.. This is slightly different than "should I ...
by jminv
Thu Nov 29, 2018 3:11 am
Forum: Investing - Help with Personal Investments
Topic: Adjust for projected bear market?
Replies: 18
Views: 1944

Re: Adjust for projected bear market?

I also follow wallstreetbets for laughs, to see where bubbles are forming, to find out what the latest meme stock is, and to feel sorry for people who lost everything on an ill advised earnings play. Funny to see something like this on wallstreetbets whose motto is ‘lose money with friends’.
by jminv
Wed Nov 28, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 3905

Re: Electricity bill should be 7% per month of home sq footage.

What is the climate like in the summer? How were you running the AC? Do you have any other big energy items? How old is the AC system? I am in a very hot state with long and hot summers often over 100 degrees F. 7% is what I was quoted by the insulation man, maybe he was quoting average rates for m...
by jminv
Wed Nov 28, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17015

Re: Do you need to invest mostly in stocks to get rich?

You get grief because you make it sound like it is almost impossible NOT to make money in real estate. You really sound like some of the guys I've heard in the past on late night TV infomercials. Among the goodies in this thread: Earn money five ways, zero risk, anyone can do it and easily assemble...
by jminv
Wed Nov 28, 2018 3:48 am
Forum: Personal Consumer Issues
Topic: How do value the cost of commuting?
Replies: 54
Views: 3434

Re: How do value the cost of commuting?

I would instead frame the question this way: "How do you value the benefit of working from home?" or "how much of a salary cut would I pay to do that job from home". It's not just the time spent commuting, but the extra free time you can have at home during work hours, being less involved in office ...
by jminv
Wed Nov 28, 2018 2:45 am
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 3905

Re: Electricity bill should be 7% per month of home sq footage.

No, this is not a good rule of thumb at all. I have had similar costs for a house of that size and age and at another new house that was built to be energy efficient less than 60/month on average (max 100 any one month). I’m guessing you had an energy efficient place and didn’t realize it could be s...
by jminv
Tue Nov 27, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee of inherited business
Replies: 62
Views: 2675

Re: Trustee of Inherited Business continued

https://www.bogleheads.org/forum/viewtopic.php?f=2&t=263196&p=4202730#p4202730 This is the original post. I followed up by meeting with a new lawyer last week. The short story is as follows. I requested that some documents form the accountant. She replied and copied my brother. My brother is mad th...
by jminv
Tue Nov 27, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate upon death
Replies: 33
Views: 2030

Re: Real Estate upon death

What would the wife and siblings do if he passes before the kids leave home? Evict them and sell? Something to think about. It could certainly complicate things and helps to have thought about it beforehand. I guarantee your SIL has thought about it - and perhaps FIL too - which is why I mention the...
by jminv
Tue Nov 27, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Air heat pump questions (any experts in the community?)
Replies: 24
Views: 1856

Re: Air heat pump questions (any experts in the community?)

Make sure you have the heat pump set to run for a minimum of 60 minutes before the electric strips kick on. We live much further south but on a few really cold low 20 degree days my heat pump will run 20-22 hours a day with very minimal electric strip heat use (mostly for reversing defrost function...
by jminv
Tue Nov 27, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: Planning a trip to Iceland with kids
Replies: 12
Views: 1378

Re: Planning a trip to Iceland with kids

Has anyone taken a trip for a week to Iceland with kids (mine 8-15 y/o?)? The flights from my city are red eyes but only 6 hours. We were planning on taking tours most days out of Reykjavik and using the public pools. Was the week interesting and enjoyable? Any tips or suggestions? Thanks. Yes, the...
by jminv
Tue Nov 27, 2018 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Getting sued from an already settled car accident... 2 years later! Is this legal?
Replies: 44
Views: 7399

Re: Getting sued from an already settled car accident... 2 years later! Is this legal?

They are likely claiming that their condition has changed since the time of the settlement and that it is directly linked to the incident. They could have received a settlement for an injury (and property damage) of some sort but that has turned into something worse, perhaps a permanent disability. ...
by jminv
Mon Nov 26, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Good newsletters for speculative investments?
Replies: 14
Views: 918

Re: Good newsletters for speculative investments?

If the ideas they peddle were as good as you would hope they are, then you would not be able to afford the newsletter and/or you'd have to trade lightning fast on the news except a bot would beat you to that and/or they wouldn't be in the newsletter business to begin - they'd be in the fund manageme...
by jminv
Mon Nov 26, 2018 4:26 am
Forum: Investing - Help with Personal Investments
Topic: YTD 15% capital loss. What is next?
Replies: 27
Views: 2508

Re: YTD 15% capital loss. What is next?

Thanks for detailed response. Why is preferred high risk investments? My reasoning was that these are mostly paid by big banks so fairly safe. And they have to first cut regular dividends before cutting preferreds. is it because duration is not limited? What do you mean by "commoditized companies" ...
by jminv
Mon Nov 26, 2018 3:53 am
Forum: Personal Finance (Not Investing)
Topic: ride-sharing - just saying... [Check your insurance policy]
Replies: 20
Views: 2741

Re: ride-sharing - just saying...

Last time I read it, Uber protects for PROPERTY damage, not the passengers. I also have uninsured and underinsured coverage because I don't trust the coverage of the many folks driving around the US. I have only been in an uber a few times. I prefer and take taxis. The Uber coverage has third party...
by jminv
Mon Nov 26, 2018 3:44 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 191
Views: 25189

Re: Bitcoin in Freefall

crypto currency is on free fall, this seem to be the hot topic for months here then it stopped. Are the bitcoin supporters buying on the dip? Doubtful. I'm glad to not see those threads here anymore. No one wanted to hear the issues with their poor choices anyway. As far as fads appearing and then ...
by jminv
Sun Nov 25, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: YTD 15% capital loss. What is next?
Replies: 27
Views: 2508

Re: YTD 15% capital loss. What is next?

I was dumb. I thought I could beat the market. Then I got emotional and didn't stop the loss early :( I am here to redeem myself and ask for help. Approximate financial profile: Age: 33. Single. Taxable: 450k. All in money market now. This is after 90k short term loss on a single microcap trade and...
by jminv
Sun Nov 25, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Destroying my lease mileage
Replies: 26
Views: 2587

Re: Destroying my lease mileage

Had a family member in a similar situation. The excess mileage on the car was going to be around $6500 (yes, a lot of extra miles) and they wanted a different car from the same brand. Initially thought that the best course of action would be to buy the vehicle since the depreciation was not as much ...
by jminv
Sun Nov 25, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Aging Parent's deteriorating home
Replies: 30
Views: 3843

Re: Aging Parent's deteriorating home

Just to clear up a few things. Inheritance and the home are not part of any consideration. My wife and I made it clear to our parents that they should spend all their money how they see fit, without feeling like they need to leave anything. We expect them to enjoy what they have. The headache of de...
by jminv
Fri Nov 23, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Where to get a WSJ print subscription
Replies: 4
Views: 857

Re: Where to get a WSJ print subscription

The cheapest rates are based on from academic subscriptions. There are various ways to get them. Do you know anyone with a .edu email address? Otherwise there are people who make money by finding with one for you (some of the eBay sellers). If you don’t renew, wsj normally will send special offers i...
by jminv
Fri Nov 23, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: DIY way to leave beneficiaries your home
Replies: 7
Views: 1004

Re: DIY way to leave beneficiaries your home

The transfer on death process is relatively simple in Texas. That’s what I would do if you want to do it yourself and don’t want to do a trust. You can name more than one beneficiary and you can also name alternate beneficiaries. The Texas Law Help website has a run down on ToD, FAQs, and free forms...