Search found 249 matches

by novemberrain
Wed May 20, 2020 12:32 am
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

Thanks everyone again. Lots of suggestions for using a shoebox and place it in some random spot. The problem with that is that we have housekeepers that go into every room (except one) in the house. Of course I don't follow them around. So if I keep said shoe box in a random spot, it is highly likel...
by novemberrain
Mon May 18, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

whomever wrote:
Mon May 18, 2020 9:19 pm
"Unlikely. It would take hours."

What are you planning to use for beams?
I don't know yet. I didn't think too much about that aspect. I just learnt from these answers that it is relatively easy to hack saw a metal bar.
by novemberrain
Mon May 18, 2020 9:29 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

1)The normal practice is to use heavy screws or lag bolts to bolt it to the studs/jousts/rafters (with the bolt heads inside the locked box). If you can span a few joists/studs/rafters then a thief has to cut those to remove the safe, all of which takes time. 2)If you do weld in an attic, be veeeee...
by novemberrain
Mon May 18, 2020 9:17 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

Are the beams in the floor of the attic strong enough to hold the weight you plan to put up there? Since the building was not designed for this, it could be a problem. Why go to all this trouble? Are you keeping large amounts of cash in your house? It is just a small safe. Enough to keep my most im...
by novemberrain
Mon May 18, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

Are the beams in the floor of the attic strong enough to hold the weight you plan to put up there? Since the building was not designed for this, it could be a problem. It is just a small safe. Enough to keep my most important documents and some gold. I don't think the entire safe will weigh more th...
by novemberrain
Mon May 18, 2020 8:53 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Re: Vault Safe in the attic; welded, anyone ?

Welded? Do you have a steel house or steel I beam construction? Not really. Actually let me explain what I meant by welded. So I plan to 1. buy a regular metal vault and haul it up to the attic 2. weld long metal bars (much longer than the dimensions of the vaule) to the sides of vault. So it is no...
by novemberrain
Mon May 18, 2020 8:29 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4030

Vault Safe in the attic; welded, anyone ?

I have a small attic crawl space. I am thinking of putting up a Vault Safe in there and kind of weld it there so that it will take a significant amount of time (few hours) for a burglar to remove the vault and carry it out. I am hoping I can foil at least a casual burglar who wants to be in-and-out ...
by novemberrain
Sun May 17, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any advantage/disadvantage to both spouses having a 529 account?
Replies: 7
Views: 683

Re: Is there any advantage/disadvantage to both spouses having a 529 account?

Is there any advantage or disadvantage to my wife also opening up one, with her as the custodian? I have a few I can think of (for my situation personally): You can double your contributions. As I understand, there is a $15000 limit per parent, per child limit for gift tax exclusion. So if you open...
by novemberrain
Sun May 17, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Hacked ID and credit card
Replies: 3
Views: 516

Re: Hacked ID and credit card

I'm a little confused. The fake ID does or doesn't have your name? Best of luck. Thanks Yes, thankfully, they created a new name at least for the fake ID. It was a strange name , but with my address (when I called Avis). So basically someone hacked my credit card number and mailing address when I u...
by novemberrain
Sat May 16, 2020 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Hacked ID and credit card
Replies: 3
Views: 516

Hacked ID and credit card

I was recently affected by credit card hack. Someone rented a car in my name !!! They apparently hacked both my credit card number and my address. Then they rented a car with Avis in a different name with my address; in a different state 2000 miles away. I guess they created both a hacked credit car...
by novemberrain
Sat May 16, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4419

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

I was recently affected as well. Someone rented a car in my name !!! They apparently hacked both my credit card number and my address. Then they rented a car with Avis in my name in a different state 2000 miles away. I guess they created both a hacked credit card as well as some sort of ID in my nam...
by novemberrain
Sun May 10, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9739

Re: $2 million dollar house pre requisites

Search for “mega backdoor Roth”. If your employer allows after-tax contributions and in-service withdraws, you can put up to $57k each into your 401k, broken down by 19.5k employee contribution and 37.5k max for employer match plus after-tax contributions. Thanks. I think neither of our employers a...
by novemberrain
Sun May 10, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9739

Re: $2 million dollar house pre requisites

Whether or not you would rather take out a loan for a car while investing can be a discussion for another thread. They actually already exist on here if you want to here that discussion. My point was just that you should not buy a house that leaves your budget so tight that you NEED to buy/lease yo...
by novemberrain
Sun May 10, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9739

Re: $2 million dollar house pre requisites

I would start with having enough income to pay for your housing while still saving 20% towards retirement, paying cash for everything else including cars, and meeting any other financial priorities like funding a 529. Additionally, I would want enough accessible liquid assets to pay for at least 2 ...
by novemberrain
Fri May 08, 2020 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8878

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

This is total garbage. Someone is trying to take advantage of you by pitching you all these crazy schemes. If you throw your money at any of these you will end up very, very sad. Do not do this. This is indeed shady. But these types of schemes are used by the upper middle class (>$1M annual income)...
by novemberrain
Sun May 03, 2020 3:42 am
Forum: Personal Investments
Topic: Diversifying from Amazon stock - help!
Replies: 40
Views: 6223

Re: Diversifying from Amazon stock - help!

I would suggest sticking with amazon stock. It is a 700B company now. I don't see why it cant be a 1 TN+ company in the near future. Amazon is an amazing company. But something going very wrong with Amazon would expose the Topic Author and her husband not only to a likely plunge in the price of the...
by novemberrain
Sun Apr 26, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 107
Views: 10229

Re: lawn care cost

https://www.businessinsider.com/america ... ass-2016-2

Something to think about the environmental impact of lawnt
by novemberrain
Thu Apr 16, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 226
Views: 31072

Re: Car Dealers not really wanting to make a deal

BeerTooth wrote:
Thu Apr 16, 2020 11:47 am
I can't imagine dropping $30k on a vehicle without at least test-driving it...but maybe some people will?
People may test drive from one dealer and buy from another
by novemberrain
Thu Apr 16, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tech job switch during pandemic: benefits/risks?
Replies: 27
Views: 2368

Re: Tech job switch during pandemic: benefits/risks?

read your contract. there's non-compete and then there's non-solicit, and a client poaching you clearly falls in the latter and is much more enforceable than the former. Software companies almost never enforce non-competes. Especially in the Bay Area. Massachussetts is the only state I know that en...
by novemberrain
Fri Apr 03, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How often can you make payments on your mortgage?
Replies: 11
Views: 605

Re: How often can you make payments on your mortgage?

I am currently paid 4 months ahead on my mortgage. I used 0% interest credit cards for 3% cashback and Plastiq (which charges a 2.5% fee) to hit $10,000 in minimum spends and collect $1000 in bonuses. I will pay a mortgage payment to the credit card companies once a month until they are paid off. W...
by novemberrain
Thu Apr 02, 2020 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting to Buy a Rental?
Replies: 6
Views: 531

Re: Waiting to Buy a Rental?

chevca wrote:
Thu Apr 02, 2020 10:04 am
I'd wait at least until the no rent exceptions are lifted in most places. :happy
Lol :D
by novemberrain
Thu Apr 02, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a New Car in Current Market Conditions
Replies: 17
Views: 1689

Re: Buying a New Car in Current Market Conditions

they still need to sell at a profit??? Is that really true ? Here is my take on it. Say a dealer has $10 Million inventory which they are financing at 3%. So every year they need to pay their banks $300k. Or around $25k per month. Now if nobody is buying anything, would they rather sell a couple of...
by novemberrain
Thu Apr 02, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a New Car in Current Market Conditions
Replies: 17
Views: 1689

Re: Buying a New Car in Current Market Conditions

This is absolutely one of the best time in our lifetimes to buy a new car I believe. Pretty much no dealer in Jan/Feb anticipated the steep sales drop off. So they have plenty of car inventory stocked up. And they have bills to pay. However. Couple of points to keep in mind. 1. A lot of states have ...
by novemberrain
Thu Apr 02, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 713

Re: HELOC to invest in stocks ? Apr 2020

I usually take "HELOC for stocks" threads as a sentiment indicator that we haven't hit bottom yet. When we a real hit bottom, people are usually too scared they'll lose their jobs and stocks will keep plummeting to even ask about borrowing against their house. I agree with you that we haven't hit b...
by novemberrain
Thu Apr 02, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 713

Re: HELOC to invest in stocks ? Apr 2020

Thanks for the advice guys. The reason why I considered it was that bogleheads generally strongly advises not paying off the mortgage and instead invest in index funds ( dollar cost averaged) . I was stupid and paid off my mortgage. Now that the market has crashed 25-30% , isn’t that a good time for...
by novemberrain
Thu Apr 02, 2020 2:00 am
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3654

Re: House Buying Advice - Contract Already Signed

If there is any legal way to get out of the contract, take it; even with up to a 5-10% penalty (if there is such a thing). You can re-evaluate in summer.
by novemberrain
Thu Apr 02, 2020 1:56 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 503
Views: 50440

Re: How Is Your Job Being Impacted By The Current Crisis?

I work in travel related industry. Layoffs are a highly likely possibility in the next couple of months.
by novemberrain
Thu Apr 02, 2020 1:54 am
Forum: Personal Finance (Not Investing)
Topic: bogleheading my car, opinions please. From a Tesla to a Honda
Replies: 84
Views: 5385

Re: bogleheading my car, opinions please. From a Tesla to a Honda

Some while back I asked if I should drive my 5.5 year old Tesla Model S, which is off warranty, into the dirt or sell it. The overwhelming consensus was to drive it into the dirt. I just had the local honda dealer offer me a straight trade for a new 2020 loaded Honda Accord Touring, MSRP $37k, prob...
by novemberrain
Thu Apr 02, 2020 1:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay fed tax now - or July 15?
Replies: 47
Views: 4248

Re: Pay fed tax now - or July 15?

I have a large tax bill this year. I am hoping that the Govt will write off tax bills this year because of Covid :o
So waiting till Jul to see whether that happens in some shape or form.
by novemberrain
Thu Apr 02, 2020 1:34 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 713

HELOC to invest in stocks ? Apr 2020

I have a paid off home. What are your thoughts on taking (up tp 80%) of home equity out as a HELOC and investing it in S&P index funds now in the middle of Covid (Apr 2020) ?

We are middle aged (late thirties) couple. Have good incomes and good NW. But with Covid, everything is up in the air
by novemberrain
Thu Apr 02, 2020 1:25 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 263
Views: 41399

Re: How Much in Your Emergency Fund And Is It Used?

About 100k cash in trivial interest savings account, which is 5 months of expenses at current spending rate (when both me and spouse have jobs). Although if both me and spouse lose job (which is a possibility now with Covid), I will likely more than halve my spending and make the 100k last a year. A...
by novemberrain
Thu Apr 02, 2020 1:14 am
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8594

Re: how much cash do you keep at home?

About $4000,
since I go through most of that in cash spending every month.
I pay my babysitters and housekeepers in cash. That itself is around $2500 per month. Then I pay for gas in cash. The rest of the money is for a buffer in case I don't get time to go to bank to replenish my cash.
by novemberrain
Wed Dec 04, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Best deal for used car
Replies: 28
Views: 3704

Re: Best deal for used car

I sold 2 vehicles to CarMax this year. Main advantage is I don’t have to sit at home several weekends trying to sell to private party on my own. There are only so many weekends in a year
by novemberrain
Wed Oct 23, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 11320

Re: What percent of net worth should a persons house be?

When I am retired, I would like my paid off home value to represent less than 15 to 25% of my net worth. But I am still young and living in VHCOL area (Bay Area). At this point of my life, 15-25% is very difficult.
by novemberrain
Wed Oct 23, 2019 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Where can I find 2019 CA Income Tax Rates
Replies: 6
Views: 1044

Re: Where can I find 2019 CA Income Tax Rates

The spend-happy government in CA will like to keep it a secret till the last minute so that taxpayers will feel angry for that less time
by novemberrain
Wed Oct 23, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10452

Re: Advice: Windfall Makes Working Worse Than Not Working

I would consult with a tax professional regarding exit taxes. CA franchise tax board is notorious for catching ex residents and trying to wring any money.
by novemberrain
Wed Oct 23, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7536

Re: Is principal portion of mortgage counted for savings rate purposes?

Personally I would count it since it directly increases my Net Worth. But a bank or another financial institution might not see it that way
by novemberrain
Wed Oct 23, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: Updgrade car for new safety features?
Replies: 77
Views: 5797

Re: Updgrade car for new safety features?

Why not give the MDX to her ? It is the sturdiest of all the vehicles you mention. Your kid needs the sturdiest car in the family, no ?
by novemberrain
Wed Oct 23, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1474
Views: 169652

Re: What frugal thing did you do today?

Of course Costco has it at $3.97 post CC rebate, but this would be an incremental 18 mile drive from my house, which defeats the purpose. No free lunch. +1. Yes, it is unfortunate that costco has some of the lowest gas prices, but the time wasted at the looong lines at the costco pump negate any be...
by novemberrain
Wed Oct 23, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Bought CPO car - checklist incomplete/wrong
Replies: 9
Views: 1082

Re: Bought CPO car - checklist incomplete/wrong

This - the only value a CPO adds is pretty much the additional warranty, if any. Often times dealers don't inspect the cars they place in CPO, it is flagged as CPO eligible in their systems and they just add it at the time of the sale. There are many cases of cars with prior accident history being ...
by novemberrain
Wed Oct 23, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6262

Re: Living life post smart phone

And you "set the tone" how? Maybe it's OK in some settings, in others it absolutely is not. I am "successful", a senior director in a large corporation but if I played on my phone in a meeting that included any of our executives (which is at least half of my meetings), I might very well lose my job...
by novemberrain
Wed Oct 23, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6262

Re: Living life post smart phone

In that case, is a few minutes going to make a difference? BTW, as I think, I have 1 single employee (out of 21) who has a child and they have a SAHM wife. You can think of a million theoretical situations, none of them change the fact that phones are a considerable distraction (not in a good way) ...
by novemberrain
Tue Oct 22, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6262

Re: Living life post smart phone

Thank you all for your helpful responses. My struggle is not checking e-mails, like GPS , e-mail is something I would like to have so I could use it if needed. My struggle is that I find myself looking at my phone during boring business meetings (faux pas) and relaxing at the house when the kids go...
by novemberrain
Tue Oct 22, 2019 9:40 am
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6262

Re: Living life post smart phone

I had cell phone addiction too and bought a GPS+Cellular Apple watch a year back. No wonder apple is so big.. "You like your phone so much you use it way too much? Buy the apple watch so you use your phone less :sharebeer " Lol. Unfortunate, but true. I do like my Apple watch by itself though. I wa...
by novemberrain
Tue Oct 22, 2019 1:23 am
Forum: Personal Consumer Issues
Topic: Moving my home landline phone number to MagicJack - good idea?
Replies: 52
Views: 4588

Re: Moving my home landline phone number to MagicJack - good idea?

I used MJ several years back. Almost a decade back. The customer service was SEVERELY lacking at that time. I gave up after I ran into some issues.
by novemberrain
Tue Oct 22, 2019 1:21 am
Forum: Personal Consumer Issues
Topic: Turks & Caicos on a budget??
Replies: 14
Views: 2868

Re: Turks & Caicos on a budget??

You are going to be much more successful by simply using the web to research prices as opposed to random recommendations from folks here. Dates of travel matter. Your budget matters. You may be better off eating the air fares and consider it a lesson learned. Cheers +1 There are no un-discovered ch...
by novemberrain
Tue Oct 22, 2019 1:10 am
Forum: Personal Consumer Issues
Topic: Living life post smart phone
Replies: 68
Views: 6262

Re: Living life post smart phone

I had cell phone addiction too and bought a GPS+Cellular Apple watch a year back. Sure I pay $10 per month extra for my watch, but I now barely use my iPhone. I don't carry my phone around at all. All the important calls get routed to my watch and I answer it there. Same with iMessages and email/Wha...
by novemberrain
Sun Oct 20, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1474
Views: 169652

Re: What frugal thing did you do today?

Of course Costco has it at $3.97 post CC rebate, but this would be an incremental 18 mile drive from my house, which defeats the purpose. No free lunch. +1. Yes, it is unfortunate that costco has some of the lowest gas prices, but the time wasted at the looong lines at the costco pump negate any be...