Search found 462 matches

by jminv
Wed Aug 15, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 7
Views: 371

Re: Travel delay: Can I *easily* get $60 back?

Why was the flight delayed? You can check whether your flight is eligible for compensation through airhelp for free. If it turns out you are entitled to compensation, which hinges on why the flight is delayed, they can process it for you and take 25% of total. Since they make it easy and maximize th...
by jminv
Wed Aug 15, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 29
Views: 1130

Re: Take auto loan 0.9% if I can afford cash?

I will be buying a car soon. I can afford to pay cash up front. The dealer says I’m eligible for 0.9% financing for 3 years. No change in price whether paying by cash or loan. Would you take a car loan that you didn’t need? My only other debt is a home mortgage with after tax interest rate of 1.7% ...
by jminv
Wed Aug 15, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 64
Views: 4670

Re: As an American, where are some great places in the world to retire?

I'm interested in hearing what enables so many of you to simply move to another country and live there permanently? Do you plan to pay your way to permanent residency or citizenship of a foreign country? It's not that difficult as an American to establish residency in many countries if you can show...
by jminv
Wed Aug 15, 2018 5:01 am
Forum: Investing - Theory, News & General
Topic: Mark Cuban bullish on Netflix and Amazon
Replies: 18
Views: 1256

Re: Mark Cuban bullish on Netflix and Amazon

He only disclosed 2 of his 8 positions and didn’t give a relative size to his cash position, just that it’s large. Given his wealth, the cash position could actually be somewhat small portion of his portfolio but that wouldn’t drive news stories for 48 hours and beyond. His market comments also don’...
by jminv
Tue Aug 14, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 17
Views: 1326

Re: Civil service: Long Shot Interview.. Would you go?

No reason not to particularly since you have been applying with no luck. Maybe you’ll learn something in this interview or it’ll be a great fit and you’ll be hired. If you don’t go, you won’t know.
by jminv
Tue Aug 14, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 64
Views: 4670

Re: As an American, where are some great places in the world to retire?

The USA is probably most appropriate for them if they haven’t, on their own, considered moving overseas for retirement. Normally, that’s something one does on their own accord, not because a relative would like them to. If they came to that themselves, then that would be good. One way people sometim...
by jminv
Tue Aug 14, 2018 7:14 am
Forum: Personal Consumer Issues
Topic: Claiming airline compensation
Replies: 9
Views: 736

Re: Claiming airline compensation

There are large differences between passenger/compensation rights between the USA and Europe. You benefited from European passenger rights on your prior trip. You could have done the European request yourself but its a hassle for some people which is why airhelp exists. In the case of the domestic f...
by jminv
Tue Aug 14, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)
Replies: 35
Views: 1046

Re: Phone Plan for US-Child doing a Semester Abroad (VerizonWirelss)

Where in Europe is she studying? Could give you better advice on a plan if I knew. You both need to install WhatsApp and she and you can text, send each other pictures and videos, and talk as much as you like for free. She can use it on cellular and WiFi where she’s living if she’s data constrained ...
by jminv
Tue Aug 14, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 593

Re: Risk Averse Widow - Investing Life Insurance Proceeds

Make sure she’s taking inflation into account in how much she will need per month in 10 years time, ie, if she thinks she will need 3k/month in today’s dollars she maybe actually needs 3.8k/month in ten years. Another thing to consider is that if she bought the house now, the interest rate on the lo...
by jminv
Mon Aug 13, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Stock option tax question.
Replies: 2
Views: 217

Re: Stock option tax question.

You are writing naked puts. If it expires worthless or you buy to close, it’s a short term capital gain even if the period is greater than 12 months. If the option is exercised you reduce your share cost basis by the premium you received with the holding period starting the day you acquired the shar...
by jminv
Mon Aug 13, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Preferred stock as bond substitute: is there a thread?
Replies: 6
Views: 503

Re: Preferred stock as bond substitute: is there a thread?

In fact, I cannot think of any reason why a non financial company would issue preference shares - given that it can issue investment grade or high yield (junk) bonds instead. Except perhaps some quite speculative companies (like biotech) that just cannot afford to have more debt on their balance sh...
by jminv
Sun Aug 12, 2018 5:56 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4230

Re: How to have “what if” discussion with retired parents?

• Dad continues with a very part-time consulting business, to stay mentally active in his line of work • The vast majority of their assets are in individual stocks in a traditional IRA • Dad follows the market on a daily basis and is very in tune with current economic news, geo-political events, et...
by jminv
Sat Aug 11, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: RDFN and housing market slow down...
Replies: 11
Views: 1330

Re: RDFN and housing market slow down...

That was @ dreamjob9 that was high on RDFN earlier this year. Good lesson in diversification. He still is high on them although elsewhere. He believes the CEO ‘intentionally killed the stock’ in the conference call despite it ‘being the best quarter ever’. Instead of the ceo being honest about outl...
by jminv
Sat Aug 11, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: RDFN and housing market slow down...
Replies: 11
Views: 1330

Re: RDFN and housing market slow down...

To the readers that are confused about this post, there was a long RDFN boosterism thread last year by another OP that put a substantial amount of his net worth into this stock. The thread may have led some people other than the original OP to invest in this company. This OP might have been one of t...
by jminv
Fri Aug 10, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property with Sibling Questions
Replies: 22
Views: 1517

Re: Rental Property with Sibling Questions

Thank you so much for the replies. Really good things pointed out here that I need to think about. We don’t have any kind of LLC or any past or present property investments. The only reason we are considering this is because my parents have moved up to a place on my sister’s property. They are thin...
by jminv
Fri Aug 10, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Response from boss re: market analysis
Replies: 71
Views: 7319

Re: Rude response from boss re: market adjustment

I guess perception is different for all. I felt the "reconsider your position" part was unnecessary. I can accept a "no" answer. I can also accept "the company doesn't do that". By saying you should reconsider your position at the company, he’s telling you no way ever will you get a raise so you wo...
by jminv
Fri Aug 10, 2018 4:36 am
Forum: Personal Finance (Not Investing)
Topic: 1024.99 for a book. Why?
Replies: 21
Views: 3251

Re: 1024.99 for a book. Why?

There are scarce books with limited supply but where there is legitimate demand so not suprising there that prices are high for them. Then there is money laundering and/or credit card fraud which is what the prices for the book in The NY Times article could actually be about. Strange that the newspa...
by jminv
Thu Aug 09, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Arbitrage on collecting dividend
Replies: 29
Views: 1584

Re: Arbitrage on collecting dividend

I am trying to understand if there could be a arbitrage(almost) to buy a stock near ex-dividend date and selling a well in the money call. e.g. MSFT ex dividend is 8/15; Today closing price is 109.49 buy the stock, sell 8/17 100 call for $9.50, you make nothing upfront, but get the dividend and cal...
by jminv
Thu Aug 09, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a pep talk
Replies: 26
Views: 3031

Re: Looking for a pep talk

You are making 350k a year and unless you are spending too much you have an ability to save a lot over your careers. If you want to feel better about your finances, start with looking at where you are financially relative to others. Your calculations seem like they need to be revised, but others alr...
by jminv
Thu Aug 09, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Do Airlines measure checked baggages?
Replies: 33
Views: 2028

Re: Do Airlines measure checked baggages?

Etihad announced in June that they were going to be very strict with in cabin baggage (nothhing specifically about checked baggage), supposedly due to the summer season rush but probably actually to improve profitability (Etihad is not doing great, they're in their second year of large losses). Base...
by jminv
Thu Aug 09, 2018 5:56 am
Forum: Investing - Theory, News & General
Topic: Dividend Growth Investing--what's the attraction?
Replies: 12
Views: 1264

Re: Dividend Growth Investing--what's the attraction?

For fun, I recently joined a FB forum for Dividend fanatics, and was wondering what the lure is. Mind you, I'm not talking about the power of compounding dividends in general or fixed income for certain retirees. Most of these posters seem on the younger side and strictly invest in stocks, that see...
by jminv
Wed Aug 08, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan Help
Replies: 11
Views: 770

Re: TSP Loan Help

You're making more money. Take out a personal loan and pay it off quickly. The peer to peer loans have decent rates and quick funding. Lots of lenders, few borrowers. Competition for your interest. Or look at the post above about new rules.
by jminv
Wed Aug 08, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3490

Re: Saving Enough for Retirement vs Vacation Home

You want to buy a vacation home that will cost you, optimistically, 13k/year. (18k payments - 5k rent). In all likelihood, it will be more. Meanwhile, you're not maxing out your tax advantaged accounts. I would guess you know the answer to your question but your spouse wants the place? I don't under...
by jminv
Wed Aug 08, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Take the capital gains hit in order to go index?
Replies: 9
Views: 1194

Re: Take the capital gains hit in order to go index?

I would not sell the individual stocks that you have now to go to a full index strategy. I would sell them when you need some extra funds in retirement.
by jminv
Wed Aug 08, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: Insurance refusing to pay for car accident
Replies: 26
Views: 2332

Re: Insurance refusing to pay for car accident

Yes, it was a single hit, car C hit Car B and Car B plowed into my car. I took the car to a local body shop and they estimated the damage to be around $3,500. Then you need to sue car c and/or use the uninsured motorist coverage you mentioned if it actually covers collision. From your initial post ...
by jminv
Wed Aug 08, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Have Private Reits worked for you?
Replies: 17
Views: 980

Re: Have Private Reits worked for you?

I would treat private reits as guilty until proven innocent. The commissions for selling them and the kind of people on the reits side who would pay those commissions would leave me leery of investing in one. Lots of conflicts of interests and a lack of transparency. They're also illiquid, there are...
by jminv
Wed Aug 08, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Insurance refusing to pay for car accident
Replies: 26
Views: 2332

Re: Insurance refusing to pay for car accident

You can sue the driver/owner of car B and the insurer will defend them. You could also sue the driver of car C if they have some sort of assets you could take. Get a free consultation with a local lawyer. Were you also injured in the accident?
by jminv
Wed Aug 08, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3500

Re: Landlord advice needed with section 8

Thanks for all the replies. I have been thinking about a lot of these options for days, trying to settle my mind before any decision. I am definitely not planning on selling; I look at this income as part of my portfolio and future retirement. I had thought about the possibility of the extra rent f...
by jminv
Wed Aug 08, 2018 11:12 am
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6334

Re: "Dollar Tree Store" favorites

Shower curtain liners for a dollar.
by jminv
Wed Aug 08, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 6679

Re: When is leaving your job that pays well a good idea?

I was in a similar situation to you at the same age. The differences were that my job extremely stressful and all consuming (not just 40 hours a week but every day of the week, all day long) while making having a family difficult due to the nature of the work. The positives were being a high paid an...
by jminv
Wed Aug 08, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Tail Risk Protection
Replies: 5
Views: 377

Re: Tail Risk Protection

This would lead to lower absolute returns over the long term if it was a strategy you used continuously, ie, buy out of the money puts and continously roll them over throughout your life. The only way it would be more profitable is if you were fairly confident about a market peak at a given point of...
by jminv
Wed Aug 08, 2018 3:18 am
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4055

Re: Would you pay this mortgage off?

Why do you have so much of your net worth in a cd that’s just keeping up with inflation? If you plan on keeping money in a cd with a lower rate than your mortgage, then you should apply the cd balance to the mortgage which will go a long way to paying for the mortgage. I would pay the rest down over...
by jminv
Tue Aug 07, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 316
Views: 19907

Re: Invest in Tesla?

He set an interesting price point to go private at.
by jminv
Tue Aug 07, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord advice needed with section 8
Replies: 38
Views: 3500

Re: Landlord advice needed with section 8

You should ask this question over at biggerpockets since you want someone familiar with the Chicago housing authority. It does seem like CHA has a procedure for approving rent increases although they might not grant one. Since it wouldn't be a new move for the existing tenant, the increase would fal...
by jminv
Tue Aug 07, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Term life application question
Replies: 3
Views: 339

Re: Term life application question

I believe this relates to the two year contestibility period common in life insurance. If a claim is triggered in this two year period they will investigate whether you gave them accurate information on the insurance application and if not, they can deny the claim. Sounds like this clause means that...
by jminv
Tue Aug 07, 2018 7:04 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12644

Re: "Age in Bonds" fails almost everyone

This is an odd thread title since you haven't shown that 'age in bonds fails almost everyone' but that 'age in bonds does not agree with BlackRock, JP Morgan, and Vanguard's asset allocation models'. They're two different things. Even if we agreed that BlackRock, JP Morgan, and Vanguard's asset allo...
by jminv
Tue Aug 07, 2018 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Prescription Price Shopping?
Replies: 37
Views: 2215

Re: Prescription Price Shopping?

The cheapest brick and mortar pharmacy is sams club followed next by costco. I know this from price comparing different drugs (not on the extra value list and costco equivalent) over the years between the two. Sams club has a list of common prescription medicines and their costs online that you can ...
by jminv
Mon Aug 06, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Other options for CDN to be wired to US account
Replies: 5
Views: 492

Re: Other options for CDN to be wired to US account

Unfortunately, my brother and I will need different options for him to wire Canadian funds from a Canadian bank to my US account. I opened a Schwab global and regular brokerage account for the better rate (.75 fees) on the wire transfer from Canada to US. However, no one at Schwab or my brother's b...
by jminv
Mon Aug 06, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: All cash retirement portfolio
Replies: 14
Views: 2347

Re: All cash retirement portfolio

The mortgage is under my name (I'm a "she" btw) as well. I consider it an investment property, which is why I'm okay with handling 100% of the costs if need be. Thanks for the input. I was also thinking that to preserve what they have, then bonds and/or CD's would make sense in this case. I guess I...
by jminv
Mon Aug 06, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: Cost of ownership of buying Model 3 vs keeping my M235i.
Replies: 50
Views: 2881

Re: Cost of ownership of buying Model 3 vs keeping my M235i.

If you buy the Tesla, you have to pay cash now to cover the difference between Tesla purchase price and bmw sale value. That cash has other positive return uses over the period you own it than being applied to a negative return asset. You should factor this into your analysis. I might also discount ...
by jminv
Sun Aug 05, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6039

Re: Effect of Current Income on Decision to Retire Early

We are actually right around those numbers. One thing to keep in mind is potential health insurance costs. Still working, but we lived a year on $48k spend, and life was good. We also lived a year on $60k, and decided that's where we want to be when we're retired. Plus we're adding another $10 k fo...
by jminv
Sun Aug 05, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Realtor Compensation (Couldn't sell, so renting)
Replies: 21
Views: 2229

Re: Realtor Compensation (Couldn't sell, so renting)

Well, we bought the house for 820 2 years ago and decided we do not like living in the NYC area. We listed it for 860 (basically inflation) though dropped it to 830... The house is beautiful and updated throughout. It is also in NJs number one town per 2018 rankings and has great schools with relat...
by jminv
Sun Aug 05, 2018 6:28 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7165

Re: The stock market is shrinking.

Only a very, very small fraction of the number of companies in the USA are listed on the stock market. The ones that are tend to be the ones that are large and these aren't so much of an interest in the decline story here, which is really a story in the decline of small/microcap stocks. This could b...
by jminv
Sun Aug 05, 2018 6:14 am
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 13
Views: 512

Re: paying for college. work level options

Hello all, As some of you may remember, I struggle with the idea of having me or my kids pay more for college (or anything for that matter) than is required. For those who are tired of reading my machinations, please forgive me and move on. Given my kids will be going to smallish private colleges, ...
by jminv
Sun Aug 05, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6039

Re: Effect of Current Income on Decision to Retire Early

So my question to the community is: at what percentage of current income (or savings) relative to overall retirement assets, does continued working become not worth the effort? This is assuming that one neither hates nor loves one's job; all other non-financial factors are neutral. For example, ass...
by jminv
Sun Aug 05, 2018 4:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3579

Re: Do you think I am being too conservative on buying a house?

She has disability insurance she pays for (Aflac I think), plus tons of sick time. Apparently you get extra pay while out on maternity leave since you can double dip, at least according to her friends at work. I make 72k base, plus most of the bonus listed. My thoughts on paying the condo is it bea...
by jminv
Sat Aug 04, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: DJIA Bubble Chart
Replies: 9
Views: 1075

Re: DJIA Bubble Chart

No, not really. This is just the author picking a measure to show the best visual for a chart argument in order to sell a thesis. In this case, that measure is price to sales when most investors would care more about price to earnings. If margins were going up, it would make sense for prices to do s...
by jminv
Fri Aug 03, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 346
Views: 44064

Re: MoviePass-Too good to be true, but it's legit.

Their market cap is now $117,000 and still no takers :) Actually, I looked it up just now and it seems like a student investment club was trying to buy them a few weeks ago. I'm surprised at the price it's at a big chain doesn't just buy them for the user base and change it to work only at their loc...
by jminv
Fri Aug 03, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1123
Views: 194280

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Yes, Fidelity will generally match their competitor's offers. You have to call, it's not listed a listed promo. Tell them 'Etrade is offering $300 for 100k (or whatever offer it is that meets your transfer level), but if you can match I'd prefer to open with you instead'. Try calling during busines...
by jminv
Fri Aug 03, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: Nespresso?
Replies: 43
Views: 2719

Re: Nespresso?

I live in Europe and converted to a Nespresso machine a few years ago. Nespresso branded pods run around 30-35 euro cents each ($0.35-$0.41). There are varying brands down to the 10 euro cent ones sold at discount stores. I used to buy the off brands until I moved near a Nespresso store and decided ...