Search found 565 matches

by MichCPA
Mon Jun 24, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 45
Views: 2900

Re: citi discontinuing citi price rewind

Uber VISA has price protection. I missed that. Thank you for this information. Even though it is one of those call in systems, that has to make the Uber card a go to card for general shopping. The 2% online shopping keeps the rewards competitive with the Double Cash and Paypal card too. Sorry for t...
by MichCPA
Mon Jun 24, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 45
Views: 2900

Re: citi discontinuing citi price rewind

Some reasonable alternatives: Fidelity Visa PayPal Mastercard Uber Visa Capital One Venture (pretty easy to get the annual fee waived by calling and asking nicely) These are all reasonable alternatives to the Citi Double Cash (my card), but they don't have a price rewind-like feature. For those wit...
by MichCPA
Mon Jun 24, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 45
Views: 2900

Re: citi discontinuing citi price rewind

I kind of understand why they axed all of these for my lowly Double Cash, but I don't understand why Citi would do this for premium cards like the prestige/premier. Really puts them behind the competition. Very few perks and most domestic redemptions of points have to be done at 1 cpp due to the ava...
by MichCPA
Mon Jun 24, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: LG Washer - Try to Fix or Buy New?
Replies: 10
Views: 416

Re: LG Washer - Try to Fix or Buy New?

You can call to figure out the labor rate for mechanics in your area. As a general rule, I wouldn't spend more than 30% of replacement cost on something that old, so I would lean toward new.
by MichCPA
Mon Jun 24, 2019 9:19 am
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 33
Views: 2939

Re: Reinvesting Dividends or no

I use my dividends to pay my estimated taxes, so I don't reinvest them unless they are in a retirements account.

Anything extra above the estimates just gets reinvested in the S&P 500, but that is small.
by MichCPA
Mon Jun 24, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 45
Views: 2900

Re: citi discontinuing citi price rewind

Ouch, that got me $150 on a no fee card last year.
by MichCPA
Mon Jun 24, 2019 8:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5441

Re: Vanguard to offer private equity investments? Thoughts?

I'm baffled by the interest some have in "Private Equity". If it was available for you to buy, it would no longer be "Private Equity", it would just be publicly owned equity with poor liquidity, poor disclosures, and un-audited balance sheets. It's almost like the SEC regulations that restrict how/...
by MichCPA
Mon Jun 24, 2019 8:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer private equity investments? Thoughts?
Replies: 66
Views: 5441

Re: Vanguard to offer private equity investments? Thoughts?

I'm baffled by the interest some have in "Private Equity". If it was available for you to buy, it would no longer be "Private Equity", it would just be publicly owned equity with poor liquidity, poor disclosures, and un-audited balance sheets. It's almost like the SEC regulations that restrict how/...
by MichCPA
Fri Jun 21, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

Since we are talking about B of A, I thought I would throw out what seems to the ultimate rewards system. Note that this is high return, but very high maintenance. Schwab Platinum $550 AF with $100 credit for 250k of assets at Schwab or $200 for 1mm, $200 Uber credit- can use Uber Eats, $200- Airli...
by MichCPA
Fri Jun 21, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

Anyway again if you have $100k assets to put at Merrill, which Merrill with pay you several $100 to put there, and nothing particularly different about an ETF sitting at Merrill than anywhere else, you should not IMO be settling for general 2% cash back on a credit card anymore. That was a great ge...
by MichCPA
Fri Jun 21, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

I can personally vouch for price rewind. I have received $80 off of a bike and $70 off of a TV in the past year. It is a fantastic card for major purchases due to the Damage and theft protection and extended warranty as well. Price Rewind basically extends Black Friday into a 2 month shopping windo...
by MichCPA
Fri Jun 21, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

Another potential benefit to higher earning cards is that you can start moving more spend onto them. For example, the Feds charge 1.87% on estimated taxes and my state charges 2.5%, local property taxes, vehicle registration, etc. you can actually pull in more spend. It really doesn't seem like has...
by MichCPA
Fri Jun 21, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

Paypal Cashback Mastercard I have the Citi Cashback card and it's been good, but the Paypal card has the added benefit of having no foreign transaction fee while being a flat 2%. I would have given the Paypal card a harder look if it would have been available at the time. If it makes you feel any b...
by MichCPA
Thu Jun 20, 2019 4:19 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

If i could do it again, i'd probably rather my wife have a Chase Freedom Unlimited instead of the Citi DC so that we earn Ultimate Rewards points instead of cash back. Why? Are Chase "Ultimate Reward" points greater than 2% cash? I thought I saw the typical math on these points somewhere and it was...
by MichCPA
Thu Jun 20, 2019 4:19 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

It seems like you got it figured out for yourself already. Keep it simple and take the 2% and call it a day. Plenty of others like monkeying around for that extra bump. Not sure what you mean, if one is "directionally" challenged when they open their wallet between the cash rewards and the premium ...
by MichCPA
Thu Jun 20, 2019 3:22 pm
Forum: Personal Investments
Topic: Which Fidelity US and Int Index is recommended
Replies: 5
Views: 369

Re: Which Fidelity US and Int Index is recommended

If this is taxable I would use the ETFs, if non taxable I would use either the Zero funds or the more established Index Funds. The zero funds obviously have lower costs, but I have no idea what the tax efficiency will be long term. ETFs= ITOT, IXUS, AGG Zero Funds: FZROX, FZILX, no bond 0 fund Other...
by MichCPA
Thu Jun 20, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 5265

Re: Highest % cash back credit card

Uber is good for 4% on dining, 3% on travel, and no annual fee or foreign transaction fees. Discover it and chase freedom with 5% rotating categories Freedom unlimited comes out 2.25% if you transfer them to CSR to book travel through the UR portal For the Chase Freedom Unlimited, the current sign ...
by MichCPA
Wed Jun 19, 2019 1:29 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs: MILN
Replies: 7
Views: 551

Re: The Case Against ETFs: MILN

As a counter point.... The case against mutual funds is that the Fairholme Fund is terrible. It has under performed the S&P 500 (6.19 vs 14.62%) over 10 years. It has a 1% expense ratio. Nobody should own a mutual fund. ^^This is entirely sarcastic, but your line of logic is similar to saying the on...
by MichCPA
Wed Jun 19, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Does investing in US stocks mean investing in US Dollar?
Replies: 19
Views: 1319

Re: Does investing in US stocks mean investing in US Dollar?

Investing in stocks and bonds isn't, strictly speaking, an investment in any particular currency. A strong US dollar would cause a company's US earnings to increase in foreign currency terms, but foreign earnings weaken in USD terms. The actual net effect has nothing to do with being a stock or a bo...
by MichCPA
Tue Jun 18, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get out of daycare 6 week notice?
Replies: 32
Views: 2736

Re: Any way to get out of daycare 6 week notice?

Contact your credit card company and say the company charging you is not living up to the services agreed upon. Deny them payment and Cancel your card to get a new one if they do not agree. 1) Nobody said that payment is/could be made by credit card. 2) Merchants can dispute chargebacks, so you wou...
by MichCPA
Tue Jun 18, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Extend MacBook Battery Life by plugging in as much as possible?
Replies: 49
Views: 3446

Re: Extend MacBook Battery Life by plugging in as much as possible?

Will it work? Yes

Is it worth the hassle? No. It costs $130 to replace those roughly every 3-4 years.
by MichCPA
Tue Jun 18, 2019 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Help with car decision
Replies: 31
Views: 1969

Re: Help with car decision

I don't see why anyone would NOT buy an AWD car, regardless of location. Why not get the safest drive system available? Subaru builds a superior AWD system. Crosstrek is a good option maybe. They are about $2k more, they hold value so buying used doesn't give you much of a discount. They are heavy ...
by MichCPA
Tue Jun 18, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: The ultimate Boglehead car [Purchase of storm-damaged car]
Replies: 19
Views: 3344

Re: The ultimate Boglehead car

Are they still on the lots? It seems you assume damaged vehicles from the "past few summers" are still sitting there for sale. No way a hail damaged car from last summer (10+months ago) would still be 'new' on the lot. A dealer has to pay $5-10 per day in interest just to hold them. They would have...
by MichCPA
Tue Jun 18, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3070

Re: Maternity and Paternity leave policies

For employees: We do 6 weeks paid, 6 weeks FMLA unpaid for moms. We do 2 weeks paid, 6 weeks FMLA unpaid for dads. Partners get whatever they want, but typically end up taking 2-3 days as dads. We haven’t had a female partner have a baby as a partner yet. All time not working is unpaid for partners...
by MichCPA
Mon Jun 17, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 118
Views: 8226

Re: Article on high deductible health plans - and the math

In my opinion, it's kind of meaningless to talk about "HDHP" plans in the ACA sense -- in terms of affordability... because the actual cost range is so vast. I'm pretty sure both scenarios below can technically be classified as an "HDHP" under the ACA: Impossibly generous scenario: Employer pays 10...
by MichCPA
Mon Jun 17, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 118
Views: 8226

Re: Article on high deductible health plans - and the math

When my employer started offering an HDHP, I made some spreadsheets. I could not find a case where the HDHP was not the best choice. Light medical user, low premiums wins. Heavy medical user, low premiums combined with $5k max out of pocket wins. The HSA and employer contribution were icing on the ...
by MichCPA
Fri Jun 14, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 118
Views: 8226

Re: Article on high deductible health plans - and the math

I can really see this both ways. When I had an HDHP a couple of years ago, our company had the minimum deductible to qualify for an HDHP (like $1200 at the time) and gave us a $500 incentive for doing a yearly blood draw and questionnaire. The premium was super cheap so I actually made money after t...
by MichCPA
Thu Jun 13, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Credit card sign on bonus suggestion
Replies: 32
Views: 2923

Re: Credit card sign on bonus suggestion

I agree with willthrill seems like a slam dunk fraud. False information that was relied on in order to apply for credit. Its not odd that those statements were called fictitious because that is what they are. Just so you know, anyone who provided those to you with knowledge that you were submitting...
by MichCPA
Thu Jun 13, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Credit card sign on bonus suggestion
Replies: 32
Views: 2923

Re: Credit card sign on bonus suggestion

Sell a few things on craigslist or ebay and, bam, you're a sole proprietor. Chase Ink Preferred. I'm guessing you're joking here.. or are you serious? I mean with income of couple hundred dollars as a shell eBay "business"... what would be the chance of approval? I'm in California and this is what ...
by MichCPA
Wed Jun 12, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: "The S&P 500 Is Beating Yale's Endowment Fund"
Replies: 34
Views: 4060

Re: "The S&P 500 Is Beating Yale's Endowment Fund"

Total shrug. The S&P 500 is beating my portfolio as well, but that is because I have 30% in bonds. Yale has beaten the target date funds for Vanguard and Fidelity, so they probably aren't doing too badly. One missing piece of information is the level of risk in the portfolio. If they have managed to...
by MichCPA
Wed Jun 12, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card sign on bonus suggestion
Replies: 32
Views: 2923

Re: Credit card sign on bonus suggestion

Delta Gold or Delta Platinum for AFs of $95 or $195 They have 60k+ $50 credit and 75k point SUBs respectively through July 2nd and you get free bags with both cards. You get priority boarding and a 20% discount on anything you buy in-flight. The Platinum adds a domestic companion fare after the firs...
by MichCPA
Tue Jun 11, 2019 10:07 am
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 779

Re: Expense Ratio for Employer 401K High?

Conventional wisdom is to contribute up to the match (3% in this case) then do a Roth IRA as a next step. That would appear to be the best move because a match is similar to a 50 or 100% return right away. When she switches jobs, she can move to an IRA or a new 401k depending on options, simplicity ...
by MichCPA
Tue Jun 11, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18757

Re: Paying for rent is throwing away money...myth?

wealthy people own real estate, while the poor pay rent. This might be the single most uninformed statement I have ever seen on this forum. +1! LOL (your response captured my thoughts much better than my own) As someone who has kept renting in order to stay mobile, has increased pay by 96% over 5 y...
by MichCPA
Tue Jun 11, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Best day of the month to invest?
Replies: 41
Views: 4470

Re: Best day of the month to invest?

Even if there is a 'best' day, waiting for the best day would probably cause me to miss other very good days. If the market goes up 1% on the 14th, 0.5% on the 15th and 2% on the 16th, the 'best day' would have been 3:59 on the 13th.
by MichCPA
Tue Jun 11, 2019 7:52 am
Forum: Personal Investments
Topic: HSA - Save Reciepts When Paying Bills?
Replies: 36
Views: 2224

Re: HSA - Save Reciepts When Paying Bills?

If you are paying with an HSA you have MORE reason to keep the bills because they substantiate that the withdrawals are qualified. You can get a 20% penalty + taxes if those are disallowed on audit. Many service providers allow you to take a picture and save it as support. There really isn't a reas...
by MichCPA
Tue Jun 11, 2019 7:42 am
Forum: Personal Investments
Topic: HSA - Save Reciepts When Paying Bills?
Replies: 36
Views: 2224

Re: HSA - Save Reciepts When Paying Bills?

If you are paying with an HSA you have MORE reason to keep the bills because they substantiate that the withdrawals are qualified. You can get a 20% penalty + taxes if those are disallowed on audit. Many service providers allow you to take a picture and save it as support. There really isn't a reaso...
by MichCPA
Mon Jun 10, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: Are destinations weddings a new trend?
Replies: 8
Views: 653

Re: Are destinations weddings a new trend?

Where other people choose to get married is none of my business and I think it would be presumptuous to act like it is.
by MichCPA
Mon Jun 10, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18757

Re: Paying for rent is throwing away money...myth?

In my situation, renting is a great investment in enabling an enjoyable FIRE lifestyle. Homeownership is not for the weak. It is a second job, with 24/7 hours, and often crappy or negative pay. It involves mental work (keeping track of a lot of stuff, figuring out what to fix/upgrade/remediate and ...
by MichCPA
Mon Jun 10, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18757

Re: Paying for rent is throwing away money...myth?

In my situation, renting is a great investment in enabling an enjoyable FIRE lifestyle. Homeownership is not for the weak. It is a second job, with 24/7 hours, and often crappy or negative pay. It involves mental work (keeping track of a lot of stuff, figuring out what to fix/upgrade/remediate and ...
by MichCPA
Mon Jun 10, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18757

Re: Paying for rent is throwing away money...myth?

If I understand the forum's sentiments correctly: It's not ok to lease a car over the long term (let's say 30 years) but it IS ok to lease a house over the long term (let's say 30 years, especially in the same city)? Something tells me there's maybe some bias affecting responses. There's actually m...
by MichCPA
Mon Jun 10, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 2990

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

Discover It secured - start American Express Gold - month 6 Graduate from discover secured to regular It Should have zero issues being accepted with the above. As someone who has the Discover and the Amex Gold, I would maximize no AF cards right out of the gate. Right out of college there are plent...
by MichCPA
Fri Jun 07, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Debt: Student loan or cabin
Replies: 36
Views: 2808

Re: Debt: Student loan or cabin

it would really suck if he did the student loan and that debt is going to be forgiven eventually... The student loan makes sense but its not going to make much difference one way or the other so I don't think its horrible to do the cabin first and hope for loan forgiveness down the road. I have not...
by MichCPA
Fri Jun 07, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund to pay debt
Replies: 25
Views: 1757

Re: Emergency fund to pay debt

How much is the principle balance of the loans both in absolute amount and relative to income? Not much point in having a 6 month EF if your student loans are 2x income, but if I was making 150k as a family and had loan debt of 30k, I would just pay it out of income and not reduce EF.
by MichCPA
Fri Jun 07, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6126

Re: Can't believe, Vanguard is leader of Heartbeat tradings?

Yes it is a loophole, but it’s a loophole that everyone accepts, so there’s not much to wring one’s hands about. An analogy is frequent flier miles or credit card points that should probably be reported as income but aren’t. Totally different, those are a rebate on spending and rebates are a negati...
by MichCPA
Fri Jun 07, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6126

Re: Can't believe, Vanguard is leader of Heartbeat tradings?

Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affa...
by MichCPA
Fri Jun 07, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6126

Re: Can't believe, Vanguard is leader of Heartbeat tradings?

Yes it is a loophole, but it’s a loophole that everyone accepts, so there’s not much to wring one’s hands about. An analogy is frequent flier miles or credit card points that should probably be reported as income but aren’t. Totally different, those are a rebate on spending and rebates are a negati...
by MichCPA
Thu Jun 06, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 7582

Re: US stocks still look better than anywhere else

Quantify “growth”. Plenty of data available showing that the US has merely pushed off/delayed the inevitable; stagnation thanks largely in part to accommodating policies and a select, high-flying equity sectors. America is not immune to the same issues being dealt around other areas of the world......
by MichCPA
Wed Jun 05, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Propel American Express Card, Odd Couple???
Replies: 7
Views: 587

Re: Wells Fargo Propel American Express Card, Odd Couple???

Also, there's no need to cancel your old cards. Having their history and available credit helps your credit score. This isn't really true, you don't lose the history until cancellation +10 YEARS!! Unless the utilization takes a big hit, you are fine to cancel cards, it will be a 5 pt hit. Why keep ...
by MichCPA
Wed Jun 05, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Propel American Express Card, Odd Couple???
Replies: 7
Views: 587

Re: Wells Fargo Propel American Express Card, Odd Couple???

Not an odd couple at all, one of Wells' founders was also a founder of AMEX. The card is mostly useful if you also have the Wells visa signature and move points to get the 50% bonus. That would give you 4.5% on eating out, transit, travel and streaming with a $450 sign up bonus. That is hard to beat...
by MichCPA
Tue Jun 04, 2019 2:13 pm
Forum: Personal Consumer Issues
Topic: Moderately Priced Hotel by Great Lakes within 3 Hours Drive of Detroit?
Replies: 18
Views: 958

Re: Moderately Priced Hotel by Great Lakes within 3 Hours Drive of Detroit?

I'm looking for a resort or hotel in the Great Lakes area within perhaps a 3 to 3 1/2 hour drive from Detroit. Maybe can spend up to $250/night near the mid or end of August. A nice (or at least decent) pool is a must. Any suggestions? Is OP looking for best beaches, outdoor activities, historical?...