Search found 1609 matches

by JackoC
Sat Sep 19, 2020 5:48 pm
Forum: Investing - Theory, News & General
Topic: Are retail investors driving the market? But I thought 10 percent richest own 90% of market?
Replies: 21
Views: 2181

Re: Are retail investors driving the market? But I thought 10 percent richest own 90% of market?

There are reports that retail investors are driving up the market. Is this true? The Federal Reserve reported: 10% of the wealthiest Americans own about 90% of the market. The top 1% of the wealthiest Americans own 52% of the market The bottom 50% of American's own about 0.7% of the market. Which p...
by JackoC
Sat Sep 19, 2020 8:12 am
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4573

Re: Pretending to enjoy sports for business/social reasons

Wondering how many men (or women) out there are closet sports-haters but put up a good front at the office :D ? I'm starting to think it's almost all sports fans, given how 1) social norms are becoming much less important and at the same time 2) interest in sports has plummeted I haven't worked (fo...
by JackoC
Sat Sep 19, 2020 7:44 am
Forum: Personal Finance (Not Investing)
Topic: New X1 Credit Card (3%)
Replies: 15
Views: 2351

Re: New X1 Credit Card (3%)

The other downside of rewards programs like this is that you usually pay full retail prices with your points when buying directly from the manufacturer’s site, whereas you can get sale prices from resellers plus earn further credit card rebates shopping normally. I haven't check out the X1 deal in ...
by JackoC
Sat Sep 19, 2020 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Without a requirement for RMD's in 2020, are you still going to make your QCD's?
Replies: 27
Views: 1915

Re: Without a requirement for RMD's in 2020, are you still going to make your QCD's?

We are definitely doing all of our planned QCDs this year. My main charity is a regional senior center that suddenly has greatly increased expenses to support seniors in their homes since they can no longer come out for congregate meals in their local communities; to help them ASAP I moved up my QC...
by JackoC
Fri Sep 18, 2020 4:39 pm
Forum: Investing - Theory, News & General
Topic: what % of stocks in SP500 returns better than index?
Replies: 27
Views: 2407

Re: what % of stocks in SP500 returns better than index?

I've heard this argument before, I believe from Jonathan Clements, but it makes a couple of assumptions: 1. you hold long enough AND 2. the company doesn't go out of business over that time period 3. so that you at least get back your investment (through dividends received) in the event the company...
by JackoC
Fri Sep 18, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Condo rich vs house poor?
Replies: 56
Views: 4893

Re: Condo rich vs house poor?

Not very many LCOL areas offer many $250K jobs. Sounds like they possibly work in finance in NYC. A lot of those high-paying jobs can now be done WFH. It's incredibly naive to think that. First, we are already seeing companies adjust salaries for workers based on their WFH location. Second, it's no...
by JackoC
Fri Sep 18, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2051

Re: Should I help my mother pay off debt?

Ordinarily, I'm not in favor of helping people out of their own debt. This seems like it might be an exception. But your spouse needs to be on board or this will create conflict in your family. One's own mother might be an exception to how one deals with 'people'? :D Just struck me as funny wording...
by JackoC
Fri Sep 18, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: what % of stocks in SP500 returns better than index?
Replies: 27
Views: 2407

Re: what % of stocks in SP500 returns better than index?

is there a way to find that info quickly? very simply put i'm looking to see __% of companies in the SP500 had a higher return at year end than the aggregate index return of in the year 2018 for example. there have been some posts about studies of skewness in stock returns, wondering if theres an e...
by JackoC
Thu Sep 17, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Offshore Bank Account?
Replies: 12
Views: 1198

Re: Offshore Bank Account?

I'm American and plan to continue living in the USA, but I'm interested in moving some of my wealth outside the country. I'm not hiding anything or trying to get out of taxes. I only want to do this as risk mitigation for a worst-case scenario in our country; no expectation of that happening but I ...
by JackoC
Thu Sep 17, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12869

Re: Is it worth to relocate for retirement?

I would disagree, "Taxachusetts" has some pretty harsh taxes for certain people. The Estate Tax is especially burdensome, up to 16%, and the ENTIRE estate starts getting taxed if you're only $1 over $1 million. Overall tax burden is the issue. According to different sources, here is where Mass is r...
by JackoC
Thu Sep 17, 2020 9:48 am
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 165
Views: 10654

Re: PSA: switch to LED light bulbs and save hundreds per year

I agree when I run numbers for particular lights that are on a lot (we're home mainly) including daytime (like over my desk, family room and kitchen sometimes) it seems questionable to switch them on/off when moving from room to room. If it's extra effort to turn the light off (inconvenient locatio...
by JackoC
Thu Sep 17, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12869

Re: Is it worth to relocate for retirement?

You need to figure out what your retirement will look like in terms of income, but I don't really buy into the "it all evens out" arguments regarding certain states and how they tax people. There's an ENORMOUS difference between what you will pay in taxes to live in somewhere like CA or MA versus T...
by JackoC
Wed Sep 16, 2020 2:33 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12869

Re: Is it worth to relocate for retirement?

We moved from CA to SC last year, and invariable when locals we have met say that we must be happy to be out of such a highly taxed State I usually just smile and don't disabuse them of that fantasy. I've been criticized on this forum for saying most total taxes are comparable in most areas, but fr...
by JackoC
Wed Sep 16, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: when you say 'rent forever'
Replies: 27
Views: 3606

Re: when you say 'rent forever'

how to deal with those 'uncertainties' like needing to move on short notice do you structure a deal with the landlord? what's the ideal length? 2 years? 5 years? 6 months notice? Thank you. 1. I can only speak for my region, but landlords here can't just kick people out or dramatically raise their ...
by JackoC
Wed Sep 16, 2020 10:38 am
Forum: Personal Consumer Issues
Topic: when you say 'rent forever'
Replies: 27
Views: 3606

Re: when you say 'rent forever'

how to deal with those 'uncertainties' like needing to move on short notice do you structure a deal with the landlord? what's the ideal length? 2 years? 5 years? 6 months notice? Thank you. 1. I can only speak for my region, but landlords here can't just kick people out or dramatically raise their ...
by JackoC
Wed Sep 16, 2020 9:56 am
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12869

Re: Is it worth to relocate for retirement?

A $1M house in the Midwest at 2% property tax costs the same as a $2M house in the Bay Area at 1% property tax. Also, the $2M house is $1.5M land and $0.5M house, while the Midwest $1M house might be 80% house or more. Maintenance and insurance costs are therefore higher in the Midwest. Even if eve...
by JackoC
Tue Sep 15, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: New Chase Card and Changes to Two Current Cards
Replies: 14
Views: 1914

Re: New Chase Card and Changes to Two Current Cards

I have until January to cancel my Chase Sapphire Reserve card and will likely do so if nothing changes. I have the original Freedom card and will just convert it to either the Unlimited or Flex. I have CSP which I've been planning to cancel before second yr's $95 fee hits (got it for the sign up bo...
by JackoC
Tue Sep 15, 2020 1:16 pm
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1697

Re: Why are Call Options a bad idea?

I was in a conversation with a buddy yesterday who's long call options (+ margin leverage) on a few stocks he's tracking. I get why the margin leverage and I understand that risk/reward (or likely in his case just the gambling fix). What I walked away with wondering is why not purchase call options...
by JackoC
Tue Sep 15, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about getting a 3% checking account at Evangelical Christian Credit Union what do you think?
Replies: 24
Views: 2886

Re: Thinking about getting a 3% checking account at Evangelical Christian Credit Union what do you think?

Up to $108 cash back per year, $9 per month :thumbsdown The other account 3% on 35k https://www.eccu.org/kasasa When I look at it that link it says 'Kasasa Cash' gives 3% on max $10k (OK now I notice OP is a few months old, probably explains it). I haven't yet gone for a hoop-jumping, high-rate-on-...
by JackoC
Tue Sep 15, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: [Covered Call Option]
Replies: 26
Views: 1746

Re: COVERED CALL OPTION

I mean, as far as options go, selling covered calls is a better idea than selling naked puts, right... what's the worst that could happen? I know you know this, and you are talking with your tongue in your cheek, but others might read your post without understanding the irony that you intend. So to...
by JackoC
Mon Sep 14, 2020 2:11 pm
Forum: Personal Consumer Issues
Topic: PSA: switch to LED light bulbs and save hundreds per year
Replies: 165
Views: 10654

Re: PSA: switch to LED light bulbs and save hundreds per year

Switching bulbs wouldn't / didn't save us hundreds a year - we don't leave our lights on 16 hours a day. Lights go on at night for a few hours and only in rooms we are in. They also have lower A/C costs and chance of fire due to emitting much less heat. This is very noticeable compared to halogen r...
by JackoC
Mon Sep 14, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: HELOC for Investing During Major Market Downturns. Bad Idea?
Replies: 30
Views: 1942

Re: HELOC for Investing During Major Market Downturns. Bad Idea?

If you have a large taxable account, it is probably more rational to use futures or margin than a HELOC. That's because neither will require payments so long as you meet maintenance margin, the best available financing rate is generally lower than the best available HELOC, and you are not posting y...
by JackoC
Sun Sep 13, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Net Worth in the 1% by age?
Replies: 42
Views: 5039

Re: Anyone have a Net Worth in the 1% by age?

Question: are these numbers threshold to be in the 1% or average/median of the 1%? Assuming the numbers are correct they would be the threshold. Median (50%-tile) net worth is the level where 50% of households are below you, the bottom of the upper 50%. Same with 99%-tile, 99% are below it, it's th...
by JackoC
Sun Sep 13, 2020 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 204
Views: 12151

Re: Buying vs. Renting Principles

Lots of people (though clearly mistakenly) say 'my house is not an investment'. This is a relatively harmless error for people with low house values and big portfolio's otherwise. For people with significant house values relative to total worth it's a dangerous fallacy, because they are ignoring th...
by JackoC
Sun Sep 13, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: Munis vs. other "safe" investments?
Replies: 35
Views: 2506

Re: Munis vs. other "safe" investments?

France 10 year is at -0.194%. http://www.worldgovernmentbonds.com/country/franc US 10 year is at 0.67%. https://www.bloomberg.com/markets/rates-bonds/government-bonds/us Which does the market regard as riskier? As mentioned, elementary mistake. Those are two different currencies with different cent...
by JackoC
Sun Sep 13, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: Munis vs. other "safe" investments?
Replies: 35
Views: 2506

Re: Munis vs. other "safe" investments?

Regarding how I got 6%. I was not referring to 2020. I was using a CAGR from 2002 to 2020. The CAGR during this time frame was 4.02%. The tax equivalent yield for someone who is in the 35% federal bracket and 12.3% CA state tax bracket is about 6%. Ily have held munis since 2002 and this has been t...
by JackoC
Sun Sep 13, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 204
Views: 12151

Re: Buying vs. Renting Principles

Did you know that the same thing can be said about a car? A car can have a loan, taxes, maintenance, and at the end of the day you still own the car and whatever value it has in the marketplace. But cars are depreciating consumable items. Lease versus buy isn’t totally dissimilar here. Most cars de...
by JackoC
Tue Sep 08, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5474

Re: What is PenFed good at?

They dont have the best security. Just had someone use my debit card in Amsterdam (while I am here in US) and Penfed didnt block the transaction. Its taking weeks to get it fixed by them. Chase is so much better. I also had the PenFed debit card on checking account I opened recently (just for the b...
by JackoC
Tue Sep 08, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 204
Views: 12151

Re: Buying vs. Renting Principles

You described exactly what it means for a house to be a consumable. ay to remedy the depreciation to maintain usability (typical of landlords). You're confusing yourself. Did you know that the same thing can be said about a car? A car can have a loan, taxes, maintenance, and at the end of the day y...
by JackoC
Mon Sep 07, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 204
Views: 12151

Re: Buying vs. Renting Principles (Sticky Thread Request)

Outside of a down payment, there isn’t more money to invest when renting. Sure there is. All else being equal, given two identical homes the one you can rent will typically cost you less per month than a house payment would cost you. Obviously not always, but to a rough approximation it's correct. ...
by JackoC
Mon Sep 07, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Selling home at a loss
Replies: 55
Views: 5972

Re: Selling home at a loss

2. Houses aren’t investments. People should stop calling them that. Some will make money, but not most when you account for taxes, insurance, upkeep, and transaction costs. I actually think this thread question illustrates the fallacy of 'houses are not investments'. To determine whether a house ha...
by JackoC
Mon Sep 07, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5474

Re: What is PenFed good at?

I joined for the great CDs years ago and a good credit card. I just keep $5 in my share account in :!: case they have good rates again. The card is no longer competitive and I have stopped using it. A couple times I have almost closed other CU or bank accounts and then the institution offered somet...
by JackoC
Mon Sep 07, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: Edelman "Telling" Investors to Sell
Replies: 49
Views: 5503

Re: Edelman "Telling" Investors to Sell

Sounds like Edelman's advice is less than optimal... should stick to catching footballs. That's Julian Edelman... :happy I think the joke was that the first post just said 'Edelman' as if we're supposed to know who that is. I would also say the most famous 'Edelman' is Julian Edelman. And I remembe...
by JackoC
Sun Sep 06, 2020 3:32 pm
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 76
Views: 11480

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

Unless you have a very large stash of cash, you won't find much of anything of significance without taking more risk. Take a look at all the related threads on MM, CD's, bonds, dividend paying stocks, etc. Truly, this is one of those times when those looking for higher returns are going to either s...
by JackoC
Sat Sep 05, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 76
Views: 11480

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

It’s 0.8, not 0.08. So it ends up being about $8 per thousand per year. Which sums it up. The hassle and 'liquidity' arguments against best online savings hold water if the amount is a few $k's. At $10k's and more, until you get to the level where $250k FDIC/NCUA insurance limit would mean an unman...
by JackoC
Sat Sep 05, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Thoughts on Tennessee
Replies: 116
Views: 13322

Re: Thoughts on Tennessee

Coming from NJ, just a little advise, don't be using you car horn, especially not like NY/NJ. It's considered very rude here. (along with sign language) Thanks for the advice on car horns. I use it only when necessary, mostly to alert distracted drivers when they are veering into my lane, or not se...
by JackoC
Sat Sep 05, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Bankrupt Brother Needs Mortgage Help
Replies: 46
Views: 3752

Re: Bankrupt Brother Needs Mortgage Help

Do not co-sign anything, ever for anyone. He can rent a house. Would you rent a house to someone who just declared bankruptcy and has terrible credit? Renting a (nice) place may be harder than everyone here seems to think. He's presumably renting someplace now. But for a new place your point could ...
by JackoC
Fri Sep 04, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: P2P Lending (Reaching for Yields)
Replies: 35
Views: 2347

Re: P2P Lending (Reaching for Yields)

Yes, and I'd not have looked into it had not Larry Swedreo sold it so well in his book. I'm open to new ideas and opinions just like I'm open to Larry's. It's not that I liked every of his ideas. If there's evidence against his thesis, I'd like to listen to them on this board. LENDX , the fund that...
by JackoC
Thu Sep 03, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 296
Views: 17966

Re: How Much House Can We Afford in HCOL Area?

More experienced forum members will likely provide more details, but there're factors beyond house purchase you need to consider. For example, I've heard of 1% rule, which says that at least 1% of the home value goes towards maintenance projects. For $2 million home that's $20 thousand. If your com...
by JackoC
Thu Sep 03, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 296
Views: 17966

Re: How Much House Can We Afford in HCOL Area?

I don't know. I saw my good friend buy a house in 2009 -- they bought for $800k. It is now worth at least $1.7M. The house next to theirs is selling soon, will prob sell $1.9M. Will it be $4M in another 10 years? I can't imagine that, but I couldn't imagine their $800k home to be worth $1.7M, so wh...
by JackoC
Thu Sep 03, 2020 10:14 am
Forum: Personal Consumer Issues
Topic: How much to take down this tree?
Replies: 71
Views: 5273

Re: How much to take down this tree?

I have no idea. A while back though somebody else said they had more than one $15k estimate to remove a 'very large' tree (usefully in this thread there's a picture showing this is not a huge tree) and some people were also saying 'that should cost about $300'. :happy So I would take $300 with a gra...
by JackoC
Thu Sep 03, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Huge mess - Interactive Brokers transfer
Replies: 42
Views: 3189

Re: Huge mess - Interactive Brokers transfer

I am going to spare you all the details that led to this, but TD Ameritrade didn't transfer funds to my checking account before transferring the account to IB as I directed. I had to scramble to borrow $25k in cash from someone and have to pay them back. I tried to transfer the funds out of IB and ...
by JackoC
Thu Sep 03, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6725

Re: Where is the joy ? How long can this joyless ride last ?

Market is setting new records everyday. In normal times, this would be a joyful time but this time feels different for obvious reasons. How long can this separation between the real world and the market persist ? Can anyone justify s&p 500 and nasdaq shattering records everyday and dow getting clos...
by JackoC
Thu Sep 03, 2020 9:02 am
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

RE: Transfer limits. That's not typical. I have a pretty large number of accounts and one (a business MM account for my LLC) has restrictions anywhere near that low on ACH ($20k). Also where there are low limits it's often on ACH 'push' and doesn't apply to 'pull' from another bank. During market h...
by JackoC
Thu Sep 03, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

1) Liquidity. 1) How is it any easier to withdraw money from a brokerage account where you sold t-bills than make a transfer from a savings account? I can't see that being a practical distinction in favor of bills for many people or situations. My *checking* account pays much more than bills. A per...
by JackoC
Wed Sep 02, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

Why would you buy T-bills yielding .13% when high-yield savings accounts are paying much more? 1) Liquidity. 2) Paying more for how long? I can turn over T-Bills with a lot less agro than redoing a high-yield savings account that may come with restrictions. I don't expect to be in the T-Bill positi...
by JackoC
Wed Sep 02, 2020 3:44 pm
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

At the same time, I think that I bonds are a slam dunk right now. There's virtually no downside risk, and you're guaranteed to match inflation (though you're subject to taxflation). T-Bills. :idea: NO downside risk. They will match inflation unless it jumps significantly over a few months. And you ...
by JackoC
Wed Sep 02, 2020 3:30 pm
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

Why would you buy T-bills yielding .13% when high-yield savings accounts are paying much more? 1) Liquidity. 2) Paying more for how long? I can turn over T-Bills with a lot less agro than redoing a high-yield savings account that may come with restrictions. I don't expect to be in the T-Bill positi...
by JackoC
Wed Sep 02, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

I think instead of trying to figure out how things will play out, create a portfolio that is resilient to the various possibilities. To answer your question about how much inflation does the Fed need to see before raising rates, I can only speculate. I would not expect them to raise rates if inflat...
by JackoC
Wed Sep 02, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2712

Re: Rising inflation with low or no yield in fixed income

I think instead of trying to figure out how things will play out, create a portfolio that is resilient to the various possibilities. To answer your question about how much inflation does the Fed need to see before raising rates, I can only speculate. I would not expect them to raise rates if inflat...