Search found 328 matches

by phxjcc
Mon Jun 01, 2020 4:23 pm
Forum: Personal Investments
Topic: A question to the real estate investors
Replies: 19
Views: 1333

Re: A question to the real estate investors

Missed renta....I would plan on 8% (1 month, AT LEAST) Maintenance: 1 % per year. I do not understand " 4 euro/m2" 4 euros per square meter? Just 1% of value works, higher price areas have higher labor costs, QED. I, QUITE FRANKLY, DONT LIKE FANCY CALCULATIONS. Are you making money or losing money o...
by phxjcc
Sat May 30, 2020 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Sell or rent $2m house?
Replies: 52
Views: 3915

Re: Sell or rent $2m house?

The unknown is your taxable basis in the house. If this was Mom’s house on the coast in Carmel that you inherited and taxes are $1,000 per year, then by all means keep it. If your basis is close to $2 mil, sell it. Any basis less than $1.5 needs to be discussed with a tax guy, not an Internet forum....
by phxjcc
Thu May 28, 2020 12:53 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4602

Re: Retiring fairly young with a govt pension and trying to put together a plan

I find it laughable that people are saying you can’t live on your pension alone. $100k/yr in perpetuity is worth over $2.5M in a portfolio value. If you compare it to the current rate environment, it’s probably closer to $7-8M. Also, you’ve close to $1M in separate accounts with the ability to draw...
by phxjcc
Thu May 28, 2020 12:53 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4602

Re: Retiring fairly young with a govt pension and trying to put together a plan

I find it laughable that people are saying you can’t live on your pension alone. $100k/yr in perpetuity is worth over $2.5M in a portfolio value. If you compare it to the current rate environment, it’s probably closer to $7-8M. Also, you’ve close to $1M in separate accounts with the ability to draw...
by phxjcc
Wed May 27, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Put checking accounts in living revocable trusts?
Replies: 47
Views: 8092

Re: Put checking accounts in living revocable trusts?

You should worry, a lot. My husband assumed a POA responsibilities for his 97 year-old father in March, 2019. The older brother had been named POA with my husband as secondary in case the older brother could or would not carry out the responsibilities. As soon as FIL developed dementia, older broth...
by phxjcc
Tue May 26, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2201

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

Check accommodations at YNP and Glacier NP NOW, as is RIGHT NOW. Most of the in park places are still closed, and therefore outside of the park places will be full. Check Cody for YNP for half the stay then move to WEST Yellowstone for the other half. Do the Chief Joseph hiway, not as white knuckle ...
by phxjcc
Tue May 26, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 9781

Re: Simple jobs during FATFire?

This question gets posted over & over (search Barista FIRE to find other threads) and I think it's so patronizing. Don't you think if there were low stress, mentally stimulating, part time jobs that provided health insurance that the hundreds of thousands of unemployed people in our country would b...
by phxjcc
Mon May 25, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: Anyone buy a car from a rental car company???
Replies: 25
Views: 2621

Re: Anyone buy a car from a rental car company???

Bought a 2011 Crown Victoria in 2012 from Hertz because I wanted a Crown Vic and the last year were fleet or rental only. Needed reliable with excellent A/C to transport chemo patient. Great experience. Called the local lot, ordered the car to be shipped from back East, showed up with a cashiers che...
by phxjcc
Sun May 24, 2020 10:12 pm
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 172
Views: 12799

Re: If Jeep has such poor reliability, how come they are everywhere?

1. They are macho and so are you if you own one. 2. Consumer Reports HATES THEM,...and yes I am shouting. -they also praised (for years) Mini's; how did that work out for them? 3. "Reliability" has no definition, absolutely none. At least they won't release their data for peer review, ergo it is a n...
by phxjcc
Sun May 24, 2020 7:41 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3468

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

If you belong to Costco, their dealership deals are not bad and are hassle free. Ignore the Camry recommendations... Haters gotta hate and misers have to mise. Good luck...and what grade did you get in Organic Chemisty? :confused Me... First midterm: 43 Second midterm: 37 Final: 48. Letter grade: C ...
by phxjcc
Tue May 19, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Ford F150 Engine long term reliability - V8 versus Turbo V6?
Replies: 62
Views: 3782

Re: Ford F150 Engine long term reliability - V8 versus Turbo V6?

If you are driving long trips at constant speed, the turbo will deliver better mileage.

However, around town and/or towing up/down grades it will get less than the EPA posted rating.

Reliability?
Probably the same.

Durability?
V8; less stressed, fewer moving parts.
by phxjcc
Sun May 17, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5340

Re: Thinking of buying a boat during pandemic – am I CRAZY?

MISTAKE!!!!

Buy a 50-60 ft C&C.

Nicely equipped, $200k.

Did I mention that I could arrange to bring it to you?
by phxjcc
Fri May 15, 2020 2:40 am
Forum: Personal Consumer Issues
Topic: What to do with canned chicken?
Replies: 45
Views: 3316

Re: What to do with canned chicken?

1 can chicken
1/4 cup dried cranberries - Trader Joe's
1/4 cup candied pecans chopped fine- Trader Joe's
Mayo

Best chicken salad for sandwiches and salads

Add celery if you have it.
by phxjcc
Thu May 14, 2020 12:52 am
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8738

Re: Why no love for REITs?

Primarily because the advantage for most people investing in real estate is one of leverage, *AND* because they themselves will be managing the property--their residence, and they do so for zero compensation. So, you want me to de-leverage, diversify both in terms of area and types of property, AND ...
by phxjcc
Thu May 14, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6148

Re: Husband Died and Spouse lack of knowledge.

A fundamental lack of information makes advice at this point next to impossible. Fill us in.... 1. How long were they married? 2. Is the 10 year old his? 3. Previous marriages and children? 4. Siblings, parents, grandchildren? Also, some magnitude of the suspected estate value might come into play h...
by phxjcc
Sun May 10, 2020 1:54 pm
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2517

Re: Buying a used Jaguar

I am cornfused.

What is the year and model?

Series 1 E type?
Yes!
And I will give you 5x what you paid.
Now.

A 4D sedan during the Ford years?
NFW.
by phxjcc
Sun May 10, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: Where should I go for extended warranty on my Toyota?
Replies: 35
Views: 1845

Re: Where should I go for extended warranty on my Toyota?

Find an EXPERIENCED independent insurance agent... 1/2 to 1/3 of dealer cost. Insurance agents sell extended warranties? The same ones you buy home and auto insurance through? I presume they are 3rd party ones? Not like what you get from Toyota or one of their associated dealerships? Yes. Yes, thir...
by phxjcc
Sat May 09, 2020 10:51 pm
Forum: Personal Consumer Issues
Topic: Where should I go for extended warranty on my Toyota?
Replies: 35
Views: 1845

Re: Where should I go for extended warranty on my Toyota?

Find an EXPERIENCED independent insurance agent... 1/2 to 1/3 of dealer cost.
by phxjcc
Sat May 09, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: Should you tip landscapers?
Replies: 51
Views: 3248

Re: Should you tip landscapers?

Data point. I just did a mid five figures re-landscaping, lighting, irrigation, turf, gravel, dozens of plants. Complete lot scrape and start over. The owner of the landscaping company was the foreman, supervisor. I gave each of his 3 guys $20 bucks + we had pizza and cokes on the last day. You wou...
by phxjcc
Sat May 09, 2020 4:34 pm
Forum: Personal Investments
Topic: Buying second home
Replies: 20
Views: 2442

Re: Buying second home

how would i proceed? The first thing I would do would be to rent some place in the area that you are considering to live for at least a month to learn more about the area and to see if you want to live there part time. It is a different situation but I know people that rent condos in Florida for a ...
by phxjcc
Sat May 09, 2020 1:17 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6048

Re: College age kid wrecked his car...

Despite the self reliance views that I hold....you asked for financial options, not child raising advice.... So, I would look into the retirement fund "special rules due to COVID 19" or WTH they are called and take it out of the retirement funds. For 10 K out of 1.5M this is near a rounding error of...
by phxjcc
Thu May 07, 2020 2:03 am
Forum: Personal Consumer Issues
Topic: Should you tip landscapers?
Replies: 51
Views: 3248

Re: Should you tip landscapers?

Data point. I just did a mid five figures re-landscaping, lighting, irrigation, turf, gravel, dozens of plants. Complete lot scrape and start over. The owner of the landscaping company was the foreman, supervisor. I gave each of his 3 guys $20 bucks + we had pizza and cokes on the last day. You woul...
by phxjcc
Wed May 06, 2020 4:10 am
Forum: Personal Finance (Not Investing)
Topic: car loan and home buying
Replies: 6
Views: 666

Re: car loan and home buying

Hi, I have an auto loan with a balance of $3K on it. It requires a monthly payment of $300. Currently I can pay it off completely. This is the only debt we have. We are also currently going to enter the home buying market. I am confused about whether to pay off the auto loan or not. Let us say I pa...
by phxjcc
Sun May 03, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Property Inheritance
Replies: 17
Views: 2064

Re: Property Inheritance

There is a point however, where the value of the property matters.

If this was beachfront in LaJolla vs. a single wide in rural MS.

The sibs would not be raising a fuss in the latter case.
by phxjcc
Fri May 01, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17368

Re: Quitting a job after two weeks: relocation expenses

Based on earlier threads, it looks like the OP is 33 or 34, had a net worth of 2 million at one point, and was making 350k in tech, so might be making 700k-1M now. WHAT??!!! SWE ICs do not get paid that much! You'll need to be top 0.5-0.1% even in FAANG to get that much. I seriously doubt hedge fun...
by phxjcc
Thu Apr 30, 2020 1:42 am
Forum: Personal Investments
Topic: Helping Mom with her finances in Arizona
Replies: 9
Views: 772

Re: Helping Mom with her finances in Arizona

My mother retired early, at age 56. Her husband, my step-father, retired at the same age at the same time. They retired to Surprise Arizona in a senior community. My step-dad retired from a bank and took a lump sum of around $550k. My mom sold her house in Chicago and bought a house in AZ. They had...
by phxjcc
Tue Apr 28, 2020 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Career Planning/Longevity: Data literacy and being tech forward [preserving human capital]
Replies: 4
Views: 611

Re: Career Planning/Longevity: Data literacy and being tech forward [preserving human capital]

Background: Started as an 8080/Z80 assembly language embedded firmware programmer. Also designed TTL AND CMOS circuits both A & D. 3 years. Switched companies, they needed assembly language coders for their proprietary stuff in a proprietary OS. Then switched to C/Unix--K&R white book--in a mid rang...
by phxjcc
Sun Apr 26, 2020 12:32 am
Forum: Personal Finance (Not Investing)
Topic: What to do about remodeling project?
Replies: 13
Views: 1419

Re: What to do about remodeling project?

$250 + 20% contingency = $300k That is your number. All real estate is local, as are all the tradesman. Where I am, SOCAL, the trades are busy as there is plenty of disposable income. Without a list of costs of labor and materials it is impossible to comment on price reductions. We don't even know s...
by phxjcc
Sun Apr 26, 2020 12:04 am
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8127

Re: Mother has only $85K to sustain her

Based on the limited information provided... If my mother was age 78 with $85k in assets, my recommendation to her would be to preserve principal by putting $10k in a high yield savings account and the balance in a mix of CDs including no-penalty CDs from Ally or Marcus. If the $85k earned ~1.5%, h...
by phxjcc
Sat Apr 25, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: How best to swap houses in 2 different cities?
Replies: 11
Views: 1035

Re: How best to swap houses in 2 different cities?

To add to the 1031-ish idea...
In California you can "move your property tax" from one property to another between select counties.

I do not know if that possibility exists in other states, or between states (doubtful of the latter).

In California it's called Proposition 90.
by phxjcc
Fri Apr 24, 2020 12:33 am
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1263

Re: Budget for Home Upgrades and Maintenance Reserve Fund?

The 1.5% per year is fine. BUUUUUUUUTTTTT.....you need to understand that you may be buying a freshly painted and landscaped house full of deferred maintenance. So, you buy a nice 400k home. That hasn't had any mechanical or structural work done to it. Since it was built. In 1961. Let's see, 60 year...
by phxjcc
Thu Apr 23, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity - Responsibility to track down beneficiaries on death]
Replies: 71
Views: 4207

Re: Surprised that there is no esponsibility to track down beneficiaries on death

One anecdote, and one industry story. 1. There was a life insurance policy for my mother by my grandfather. Taken out in 1946 In her birth name. At the Indiana address she grew up at. Without her knowledge. With her mother (WTH?) as beneficiary. She married twice and had subsequent name changes. She...
by phxjcc
Thu Apr 23, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: Replacement for 4Runner
Replies: 70
Views: 4155

Re: Replacement for 4Runner

I would go with a Lexus LX570
2013 with < 75,000 miles will be $40k out the door.
Tow, haul, 4wd, 25 year engineering and infamous Toyota build factory.

Horrible gas mileage, but will run forever.

Toyota LC are more difficult to find.
by phxjcc
Tue Apr 21, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4364

Re: Advice on buying a weekend car

"But a Corolla will get better mileage and...." ^Forget this. You are young, have a good job, and are saving plenty. Buy a Powche 997.1, S model, try and find one with a sport exhaust. Make sure the RMS AND IMS has been done. There are plenty out there with low miles. CABs with automatics are the l...
by phxjcc
Tue Apr 21, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Helping deciding if i should purchase a truck
Replies: 26
Views: 1622

Re: Helping deciding if i should purchase a truck

Caveat: car guy speaking.... Buy a new one, one up in trim level from base (XLT). V8, the turbo engines do NOT return real world MPG unless you are doing VERY long interstate cruising at constant speed. It has all the capabilities of the King Ranch/Platminum trim levels, for 1/2 the price. At the ri...
by phxjcc
Tue Apr 21, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4364

Re: Advice on buying a weekend car

"But a Corolla will get better mileage and...." ^Forget this. You are young, have a good job, and are saving plenty. Buy a Powche 997.1, S model, try and find one with a sport exhaust. Make sure the RMS AND IMS has been done. There are plenty out there with low miles. CABs with automatics are the le...
by phxjcc
Tue Apr 21, 2020 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10188

Re: Laid off!!

Been there. It is a helpless feeling. There is this Pollyanna/Hollywood/Puritan-work-ethic myth of "work hard, do a good job--and you will get rewarded...or at least be able to keep your job." It is a myth. You now know that. Nice little kids get cancer. Good people get killed in accidents. People w...
by phxjcc
Mon Apr 20, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6828

Re: $1M home purchase - can we afford it?

Yes you can afford it. PITI will probably be only $5k/month for a $800k loan. That’s $60k/yr. Your base alone is $250k. Of course you can afford it. +1. Maybe we should limit responses to those that live/have lived in HCOL+ areas. To some, $1M seems extreme, but if you live in such an environment, ...
by phxjcc
Sun Apr 19, 2020 11:01 pm
Forum: Personal Investments
Topic: Freaked Out/Sold during Pandemic
Replies: 33
Views: 3634

Re: Freaked Out/Sold during Pandemic

It could go up, or down.

Long term, or short term.

BUTTERFLY STRADDLE!
by phxjcc
Sun Apr 19, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Estate questions
Replies: 17
Views: 1794

Re: Estate questions

Apply for an EIN for the estate via IRS website. Once you have an EIN, take the letter and the check to the bank. Open account for estate with these funds. Move funds to other account as desired. Close account. Optional: point out to overly officious "banker" what a PITA they were as you take your m...
by phxjcc
Sat Apr 18, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 672

Re: Good Bank to use for Commercial purposes

Unless you are needing physical presence nationwide, there is NO reason to go with a large national.

If the OP would tell us their city, state they might get some good recommendations.

For SoCal: Pacific Premiere.

ETA: sorry, just saw the state of TX, I have no value add on Tx bank opinions.
by phxjcc
Thu Apr 16, 2020 10:56 pm
Forum: Personal Investments
Topic: How much cash is too much cash?
Replies: 73
Views: 8951

Re: How much cash is too much cash?

People need to factor in the OP's age. 30's. So, they were teens/young adults in 2008-9? Therefore never been thru the 70's, 80's, 90's, 98, 00, 01, S&L crisis, etc. like us grey beards. Short answer: two years cash will help you sleep at night. No matter what anyone tells you, that secure feeling i...
by phxjcc
Thu Apr 16, 2020 3:35 am
Forum: Personal Consumer Issues
Topic: Fun topic: options in/around Santa Barbara
Replies: 26
Views: 1463

Re: Fun topic: options in/around Santa Barbera

Why SB?

If you want beaches, Avila and Pismo south of SLO are both great.

If you want college stuff Cal Poly is in SLO.

Golf, beach, wine tasting, hiking, or ?
by phxjcc
Wed Apr 15, 2020 10:10 pm
Forum: Personal Investments
Topic: Question for Tilters
Replies: 22
Views: 1282

Re: Question for Tilters

I use only sanded grout.

Oh, wait...
by phxjcc
Wed Apr 15, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tech job switch during pandemic: benefits/risks?
Replies: 27
Views: 2370

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

1. LIFO 2. Your present boss will be upset. Interviewing, pre-employment screening, etc I would guess has ground to a halt. So the bridge will be burnt. 3. You say that you cannot advance in your current company, and go on to say that you have doubts about advancement at the new company as well. 4. ...
by phxjcc
Tue Apr 14, 2020 2:52 am
Forum: Personal Consumer Issues
Topic: Home Security Cameras
Replies: 13
Views: 1259

Re: Home Security Cameras

Beware Ring security camera issues after power failures.

You have to manually press reset.

If you place the camera at the top of a peak roof, get out the ladder.
by phxjcc
Mon Apr 13, 2020 10:20 pm
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4661

Re: Airbnb getting hit?

Varies by county/city.

Where we are, no rentals less than 60 days until June 20, by city decree.

Florida, I have read, is May 1--at this time.
by phxjcc
Sun Apr 12, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you login and review your investment accounts?
Replies: 68
Views: 2405

Re: How often do you login and review your investment accounts?

Every Monday.

Had a bad experience during the S&L crisis where the bank tried to pull money from my account.
by phxjcc
Sun Apr 12, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment vs. work at Amazon warehouse/CA
Replies: 84
Views: 5873

Re: Unemployment vs. work at Amazon warehouse/CA

Watch this show, at least the part about the warehouse work.

https://www.pbs.org/wgbh/frontline/film/amazon-empire/