Search found 779 matches

by JackoC
Tue Jul 16, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Do you care about your home appreciating?
Replies: 47
Views: 1827

Re: Do you care about your home appreciating?

If home prices continue to appreciate in SoCal, my kids won't afford to move out of the house. Plus gardeners, cleaners, teachers, grocery clerks and music teachers will move elsewhere which would be detrimental to society. As much as I love to have equity in my home, a huge crash wouldn't hurt eit...
by JackoC
Tue Jul 16, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedore: Are TIPS Cheap?
Replies: 5
Views: 711

Re: Larry Swedore: Are TIPS Cheap?

As of the writing of his post, the break-even inflation rate for 5 year Treasuries vs. TIPS was 1.51%. Since virtually all estimates of inflation, including those of the FED, are significantly greater than 1.51%, investors appear to be getting paid a premium of 59 to 79 basis points to avoid inflat...
by JackoC
Tue Jul 16, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5783

Re: Will you buy Total Bond with a negative yield?

Here is a recent article that paints a pretty clear picture. https://www.forbes.com/sites/vineerbhansali/2019/06/17/trading-sardines-the-case-of-currency-hedged-negative-yielding-bonds/#ad2544e5f70f From the article On the other hand, for a Euro based investor, the act of hedging the currency risk ...
by JackoC
Tue Jul 16, 2019 12:35 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5783

Re: Will you buy Total Bond with a negative yield?

Why would you get <0%, when you can get a CD at 2.50% and over ? Wall Street can't buy FDIC insured CD's, but you can. The one time small retail investors have an advantage let's not throw it away, right ? I assume the OP is saying if all rates moved down so that total bond funds had negative yield...
by JackoC
Tue Jul 16, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 77
Views: 6104

Re: The Boglehead is anti-entrepreneur?

I recall reading an analysis (possibly here) that there are three routes to wealth. It's obviously an oversimplification, but the concept rings true. 1. The Entrepreneur – start your own business 2. The Executive – quickly rise through the ranks of a successful business 3. The Saver – diligently sa...
by JackoC
Tue Jul 16, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 49
Views: 6177

Re: Got robbed in London...Phone stolen...what else do I need to do?

I will avoid London/U.K. in the future. Best of luck. Absolutely no reason to avoid London. People say its expensive. But I find it on the part with New York. Or may be 10% more expensive than New York - but cleaner :). London is my second favorite city behind my native NY. You do have to be aware ...
by JackoC
Tue Jul 16, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 49
Views: 6177

Re: Got mugged in London...Phone stolen...what else do I need to do?

Not trying to be contentious, just my factual question still isn't answered. I don't understand 'hashed and salted' either. I'm not trying to be contentious, just want somebody to explain explicitly with no assumptions I know stuff I might not know, how would my passwords be discovered by somebody ...
by JackoC
Sat Jul 13, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Can my brother afford his vacation?
Replies: 41
Views: 3606

Re: Can my brother afford his vacation?

Maybe it was a humble brag. But there are a ton of posts on this forum where people are seriously asking and worrying about affording things that represent a similar % of their net worth. Personally, I think there are many on this forum, including me, that would be nauseous at spending almost half ...
by JackoC
Sat Jul 13, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1335

Re: Car DIY, NYC.

They live in Brooklyn, ever been to Brooklyn? They are space constrained. They won't have the space to jack the car up and then work hunched over the caliper while they remove it from the rotor. What they think they will save in costs they will use up in time. To do all 4 wheels, it might cost them...
by JackoC
Sat Jul 13, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 49
Views: 6177

Re: Got mugged in London...Phone stolen...what else do I need to do?

Why does losing your iPhone even unlocked give anyone access to your passwords? I scanned the thread for an explicit reason but didn't see it. My leading guess is that it's assumed the person is using some service where Apple stores their passwords*. Did I get it right? :D I’d be worried about your...
by JackoC
Fri Jul 12, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: Car DIY, NYC.
Replies: 33
Views: 1335

Re: Car DIY, NYC.

They live in Brooklyn, ever been to Brooklyn? They are space constrained. They won't have the space to jack the car up and then work hunched over the caliper while they remove it from the rotor. What they think they will save in costs they will use up in time. To do all 4 wheels, it might cost them...
by JackoC
Fri Jul 12, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 49
Views: 6177

Re: Got mugged in London...Phone stolen...what else do I need to do?

Why does losing your iPhone even unlocked give anyone access to your passwords? I scanned the thread for an explicit reason but didn't see it. My leading guess is that it's assumed the person is using some service where Apple stores their passwords*. Did I get it right? :D I’d be worried about your...
by JackoC
Fri Jul 12, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Got robbed in London...Phone stolen...what else do I need to do?
Replies: 49
Views: 6177

Re: Got mugged in London...Phone stolen...what else do I need to do?

What is your concern with the 200 miscellaneous passwords? If you are using iCloud Keychain, they would need face/Touch ID to access the passwords, wouldn’t they? Or at least your passcode. They would have to be very lucky to get through that barrier before you erased your phone. I have about 20 si...
by JackoC
Thu Jul 11, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Avoid MD-88s [commercial aircraft]?
Replies: 61
Views: 3135

Re: Avoid MD-88s [commercial aircraft]?

The general likelihood of a crash on a US domestic flight (or lots of other places or intl but the focus here is US domestic) has been extremely low in recent years. The stats on that are incontrovertible. But rather than insist that those stats must apply to all airline flights from now, I'd instea...
by JackoC
Thu Jul 11, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Bank of America Credit Card from Another Bank?
Replies: 15
Views: 1130

Re: Pay Bank of America Credit Card from Another Bank?

I'm in the process of switching all my accounts away from Bank of America. Unfortunately I have a credit card with almost ~20 years of credit history that I don't want to close just yet. I added my other bank under the "Transfer" section of the BoA website. I can click on "Make Transfer" and I can ...
by JackoC
Wed Jul 10, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 151
Views: 7736

Re: Who cuts your hair? And for how much?

It's now $20 ($16, keep the change) at the old style barber shop I go to. As the our small NY area city has gentrified it's gone from mainly old style shops and a few more expensive upscale places to the other way around and that's pulled the old style places prices' up noticeably faster than inflat...
by JackoC
Wed Jul 10, 2019 8:44 am
Forum: Personal Consumer Issues
Topic: Retirees, did your level of luxury increase faster than you anticipated?
Replies: 47
Views: 4848

Re: Retirees, did your level of luxury increase faster than you anticipated?

Did you figure economy class is fine, what's the big deal, only to later decide you want more? Did you figure an econo box is fine, what's the big deal, only to later decide you want better? Travel, transportation, housing, food, entertainment, clothing - you retired figuring a certain level. But w...
by JackoC
Tue Jul 09, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 43
Views: 7977

Re: Any Bogelheads get involved in private equity?

Can ask what do you think you will get out of private equity that you cannot get for less fees using equities and possibly some leverage? Private equity is not as efficient the market, therefore there is probably alpha available if you're a sharp operator. I'm not recommending it, just pointing out...
by JackoC
Tue Jul 09, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 484
Views: 121007

Re: Bank of America/Merrill Edge - Preferred Rewards

So if one does not use boa credit cards, is it worth the hassle to move some accounts to ME simply to get the $600 or $1000 opening incentive? If I didn't use BOA credit cards, it would depend. As long as I could move it in kind, it might be worth it to move it and let it sit for a while to earn th...
by JackoC
Tue Jul 09, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 3528

Re: Dealer shows trade-in value much higher to avoid sales tax

It sounds like the earlier allegations of “fraud” by some folks were a little premature. A thread anything to do with taxes, particularly somebody paying less taxes than might be expected, and people on this forum start shouting 'fraud!' without knowing what they are talking about: who'd have ever ...
by JackoC
Tue Jul 09, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: Virgin Mobile has become a joke for NYC service
Replies: 16
Views: 1111

Re: Virgin Mobile has become a joke for NYC service

What service do people in NYC use (other than the big 4). Just across the Hudson we use Cricket, 5 lines for $125/mo, taxes and fees included, unlimited data. In earlier discussions, technophiles here have explained how this is slower in some cases than ATT plans, Cricket being an ATT subsidiary th...
by JackoC
Tue Jul 09, 2019 9:03 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4706

Re: Reservations about purchasing a 16 year old house

In our search for a new home, we are considering viewing a 16 year old house that is all original: As a point of reference, we now have a 128 year old house, but it has Town water and sewer, a boiler and water storage system that is 8 years old, and an asphalt shingle roof that is 10 years old with...
by JackoC
Tue Jul 09, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 17918

Re: Best cash-back credit card right now?

We only have one Costco membership, and all three of us are on it. But as I understand it you can only have two cards issued. This is a pain point for gas as it proves difficult for the kids to gas up the car at Costco without first getting my membership card.... Never been asked to show my Costco ...
by JackoC
Mon Jul 08, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 26882

Re: Americans believe they need $1.7 million, on average, to retire

Average per capita yearly income is $31,786. It means people manage to at least survive on that much money. How many think that is a good number ? That is the median per capita income in 2017. The average per capita is $48,150 in 2017. The average is much higher due to high wealth level at the top....
by JackoC
Mon Jul 08, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Navigating Tax Code Changes
Replies: 9
Views: 996

Re: Navigating Tax Code Changes

There's no reason to 'stress out', though it's hard generally not to worry about money for many people. However assuming for your own planning that the tax law won't change, especially that 'sunsetted' provisions won't sunset, seems dubious to me. What future tax law *should be* is a contentious top...
by JackoC
Fri Jul 05, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

Except there is “magic” about the insurance adjusted price. Providers or hospital systems are ready to accept lesser charges for certain procedures or hospitalizations from an insurance company because of the captive audience that insurance plans’ subscribers will be. In other words, it is sort of ...
by JackoC
Fri Jul 05, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

I had an A/C guy over yesterday. He gave me a $6K bill. Any recommendations to negotiate this with the company? I see your point. I walked into a car dealership the other day and the MSRP for the car was $30k, so I just paid it. :D That's the price, right? 1. The MSRP is the Chargemaster price. The...
by JackoC
Fri Jul 05, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

Vanguard US Treasury MM (VUSXX) full faith and credit of the US Gov't The fund does not have this backing - only the underlying treasury holdings. That's true but you can't actually hold the T-bills underlying that fund in your hands so to speak. If you own them 'directly' it's still a broker actua...
by JackoC
Fri Jul 05, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

I had an A/C guy over yesterday. He gave me a $6K bill. Any recommendations to negotiate this with the company? I see your point. I walked into a car dealership the other day and the MSRP for the car was $30k, so I just paid it. :D That's the price, right? In this case, OP is using a buying service...
by JackoC
Thu Jul 04, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

I had an A/C guy over yesterday. He gave me a $6K bill. Any recommendations to negotiate this with the company? I see your point. I walked into a car dealership the other day and the MSRP for the car was $30k, so I just paid it. :D That's the price, right? In this case, OP is using a buying service...
by JackoC
Thu Jul 04, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

Vanguard US Treasury MM (VUSXX) full faith and credit of the US Gov't The fund does not have this backing - only the underlying treasury holdings. That's true but you can't actually hold the T-bills underlying that fund in your hands so to speak. If you own them 'directly' it's still a broker actua...
by JackoC
Thu Jul 04, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

White Coat Investor wrote:
Thu Jul 04, 2019 12:28 pm

I had an A/C guy over yesterday. He gave me a $6K bill. Any recommendations to negotiate this with the company?
I see your point. I walked into a car dealership the other day and the MSRP for the car was $30k, so I just paid it. :D That's the price, right?
by JackoC
Wed Jul 03, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

Suggesting stocks, even 20% let alone 60% over 5 yrs in response to 'zero risk' is ridiculous IMO. Likewise people might very well have specific needs for money on a 5 yr horizon (house down payment, education etc) separate from retirement needs. The assumption that OP is getting mixed up in looking...
by JackoC
Wed Jul 03, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: Performance car test rides (not just Tesla)
Replies: 15
Views: 961

Re: Performance car test rides (not just Tesla)

It's really pretty simple, just go over a rough road and see if it bothers you. For example, I have a BMW with 19" low profile/sporty tires and it rides very stiff. I don't love that it ride rough but for that benefit I get great handling. My wife on the other hand refuses to ride in the car. Mine ...
by JackoC
Wed Jul 03, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

We don't know if it is unfair or not. [OT comment removed by Moderator Misenplace] I reviewed every single post on this thread from the OP and found nothing even coming close to your accusation that the OP said or implied "doctors are jerks." You may not like some of the threads on this site, but v...
by JackoC
Tue Jul 02, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 7576

Re: Big Hospital Bill - Anyway to negociate ?

I recommend that you try to negotiate. It sounds like the charges are your insurer's rates which means they are reduced from the hospital's retail rates. In negotiating, I would not jump too quickly to a payment plan. I would lament on your ability to pay this very high bill. Ideally, they will agr...
by JackoC
Tue Jul 02, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

How wonderful that your wife had such a serious health issue that three surgeons were required to fix it and now she's doing great all for a mere $2,800. Sounds like a heck of a deal to me. At any rate, I'd just get the medical record, figure out who the third doctor is and if he legitimately helpe...
by JackoC
Tue Jul 02, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5199

Re: Where to park $50K for highest possible return but zero risk?

Research rates here: Bankrate.com www.bankrate.com Current Fixed Rates: Vanguard https://personal.vanguard.com/us/FixedIncomeHome Current Fixed Rates: Fidelity https://fixedincome.fidelity.com/ftgw/fi/FILanding I'd add despositaccounts.com https://www.depositaccounts.com/cd/5-year-cd-rates.html Bes...
by JackoC
Tue Jul 02, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44141

Re: What lifestyle creep made you happier?

"Things" could be windsurfing too. I enjoyed triathlon at a huge cost but it wasn't a physical possession. it required physical possessions (bike, helmet, running gear, etc.) but they didn't bring me happiness. Yes I think this is common dubious idea of people selling frugality as the way to happin...
by JackoC
Tue Jul 02, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 165
Views: 14501

Re: Just Bought an Annuity

Thanks to OP for this posting and the answers he has provided which have been very informative. I am now wondering what was the cost or commission of the New York Life SPIA versus other annuity providers such as Schwab, Fidelity, Vanguard, or TIAA-CREF. I know for sure that TIAA-CREF does operate i...
by JackoC
Sun Jun 30, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5956

Re: Relocate to Seattle or NYC

Sure like I said, if you have a very narrow interest and skill set go to NYC. 99.9% of engineers at financial firms don’t care about finance, the infustry just happens to hire a bunch of them. If you REALLY want to work in finance and only finance, go to NYC. Otherwise you are much better off in Se...
by JackoC
Sun Jun 30, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4207

Re: Is anyone else worried about tech becoming too big/overvalued?

To be honest, I'm getting somewhat worried about the tech sector and current valuations for some of the larger tech companies. I was just looking at some of the PE ratios for Amazon, Google, and Microsoft, and it's a bit alarming to see how high they are and the market capitalization these companie...
by JackoC
Sun Jun 30, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5956

Re: Relocate to Seattle or NYC

3. This too. Even though Seattle has a lot of high paying jobs, no place in the US can compare w/ NY on that score. Especially anything to do with banking. If you dream of possibly working up to a seven figure job in bank/financial IT, then NY is your place. If you expect to have and be permanently...
by JackoC
Sun Jun 30, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 126
Views: 24266

Re: The Fall of Consumer Reports

The CR auto and product reliability stats come from a once a year survey their subscribers (members) fill out. Is that more or less reliable than an Amazon review? Probably a bit more difficult to manipulate anyway. Each survey response effectively costs a CR subscription to make. Whereas an Amazon...
by JackoC
Sun Jun 30, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Why isn't the distribution yield a valuable number? (for VWIUX)
Replies: 36
Views: 2208

Re: Why isn't the distribution yield a valuable number? (for VWIUX)

Other replies have covered how the rental property analogy does not work. But it's really a simple as this on a first order basis not including complexities like tax: any bond with a 2.5% coupon pays out more in 'distributions' than a bond with 1.8% coupon. But if they both yield 1.8% they have the ...
by JackoC
Sun Jun 30, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5956

Re: Relocate to Seattle or NYC

3. This too. Even though Seattle has a lot of high paying jobs, no place in the US can compare w/ NY on that score. Especially anything to do with banking. If you dream of possibly working up to a seven figure job in bank/financial IT, then NY is your place. If you expect to have and be permanently...
by JackoC
Sun Jun 30, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5956

Re: Relocate to Seattle or NYC

1. Just re-read your post, and NJ is definitely cheaper than looking at NYC, even Queens. 2. What makes this especially hard is that NYC is either magical or it's not. It really just depends on what you two like. I just wish the salary was a bit more for a 3-person family. (Again, not that there ar...
by JackoC
Sat Jun 29, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5305

Re: NYC Apartment to sue or not to sue

We pulled the rental records on our apt from the city and saw suspicious jumps in the rent. From 500 to 1100 in the 90’s and then up to $2000. The lawyer says these were likely illegal jumps and that our rent should be about $780 a month. According to the current laws, we can sue for rent over char...
by JackoC
Sat Jun 29, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Tire Pressure Monitoring System failed: Replace or Ignore?
Replies: 88
Views: 4844

Re: Tire Pressure Monitoring System failed: Replace or Ignore?

You're sure it costs $70 to replace even if you are replacing the tires at the same time? How old are the tires? If replacing the tires at Costco I believe it's $45/wheel for TPMS sensors and installation and their prices are generally pretty similar to cheaper tire stores. Although like anything w...
by JackoC
Sat Jun 29, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Ever ship/transport a car?
Replies: 20
Views: 1899

Re: Ever ship/transport a car?

It's much closer to a Camry than a Ferrari in terms of value. However it would be difficult to replace. Finding another low mileage, 1 owner, completely original Honda CRX (which this is) would be a real challenge. The chance of the car getting wrecked, or lost, is pretty small even with the kinds ...