Search found 107 matches

by flarf
Fri Sep 25, 2020 1:19 pm
Forum: Investing - Theory, News & General
Topic: NJ Municipal MM closed and will liquidate
Replies: 19
Views: 1559

Re: NJ Municipal MM closed and will liquidate

Looks like assets were about $1.2bn at the last report and never went above $1.5bn in the last few years. The NY money market fund (VYFXX) is $2.7bn so may get a bit longer of a reprieve... down in a straight line from March though, was $3.4bn at the start of the year. Probably should serve as a wak...
by flarf
Tue Sep 15, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 507
Views: 78547

Re: Relationship mortgage discounts for moving a million assets

TPIR wrote: Tue Sep 15, 2020 12:46 pm Citi quoting 2.375 IO 10/1 with $1mn post close no points - purchase
Jumbo? Which market?
by flarf
Thu Sep 10, 2020 8:52 am
Forum: Personal Consumer Issues
Topic: Miele Appliances for New Build Condo
Replies: 32
Views: 1698

Re: Miele Appliances for New Build Condo

Given the pricing restrictions, I'd focus more on the salesperson and the dealer. With that many appliances, chances are you're going to need somebody to go to bat for you when it comes to repairs.
by flarf
Tue Aug 25, 2020 12:24 pm
Forum: Investing - Theory, News & General
Topic: Where can I see quotes for United Airline bonds?
Replies: 4
Views: 301

Re: Where can I see quotes for United Airline bonds?

Need to look at the details too... UAL has a lot of bonds out there, some unsecured, some secured by aircraft, some secured by their loyalty program. For example, there's a $3.8 billion tranche secured by Mileage Plus that was issued at 98.75 two months ago with a 6.5% coupon and is now trading 103....
by flarf
Mon Jun 29, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: When to replace the Weber grille
Replies: 22
Views: 2098

Re: When to replace the Weber grille

Not sure about the kettle grills, but the Genesis gas grills are substantially flimsier now than they were 15 years ago, with a lot more stamped metal parts in the frame. The country of origin for at least some models has also changed over that time as well. I just bought a ~2005 Genesis for $150 th...
by flarf
Fri Jun 26, 2020 12:48 pm
Forum: Personal Consumer Issues
Topic: Exterior Storm Windows for Noise Reduction
Replies: 30
Views: 1208

Re: Exterior Storm Windows for Noise Reduction

There's no question that a tight-fitting second window will make a difference. In NYC, a popular option is putting a second window on the inside, since people in multi-family buildings generally can't do anything on the outside (such as an exterior storm window). Two companies that do this have webs...
by flarf
Tue Jun 23, 2020 2:32 pm
Forum: Personal Investments
Topic: Pharma Royalties
Replies: 8
Views: 1278

Re: Pharma Royalties

The article, while interesting, lacked some key info. It didn't mention what happens to the revenue stream after the patent cliff. Seems like the IPO is an exit strategy for current investors without clear guidelines for the future. Royalty Pharma (it's public now, RPRX) doesn't have just one reven...
by flarf
Wed Jun 17, 2020 8:15 pm
Forum: Personal Consumer Issues
Topic: Daycare - paying to hold a spot
Replies: 45
Views: 3130

Re: Daycare - paying to hold a spot

There is no way I can put in a legitimate day's work from home while taking care of a 3 year old. My 2 year old's nursery school has been closed since mid March and will not reopen until September at best. Full tuition was due for the school year a long time ago and no refunds were given. One-third ...
by flarf
Wed Jun 17, 2020 8:09 am
Forum: Personal Consumer Issues
Topic: New Moving Boxes
Replies: 32
Views: 1538

Re: New Moving Boxes

We rented bins for our last move. Company dropped them off with some dollies and picked everything up after the move. Cost was about $1/bin/week if I recall correctly. Even stacked 6' high they were quite stable since they interlocked together. No tape needed. One benefit is that you're forced to u...
by flarf
Tue Jun 16, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: New Moving Boxes
Replies: 32
Views: 1538

Re: New Moving Boxes

We rented bins for our last move. Company dropped them off with some dollies and picked everything up after the move. Cost was about $1/bin/week if I recall correctly. Even stacked 6' high they were quite stable since they interlocked together. No tape needed. One benefit is that you're forced to un...
by flarf
Fri Jun 05, 2020 2:03 pm
Forum: Personal Consumer Issues
Topic: Who to hire to monitor builder (GC)
Replies: 13
Views: 987

Re: Who to hire to monitor builder (GC)

You've already paid somebody to tell the contractor what needs to be done. That person is your architect.

There is no need to make this so complicated. Just talk to your architect.
by flarf
Thu Jun 04, 2020 8:36 am
Forum: Personal Consumer Issues
Topic: Who to hire to monitor builder (GC)
Replies: 13
Views: 987

Re: Who to hire to monitor builder (GC)

Whose stamp is on your drawings?
by flarf
Wed Jun 03, 2020 11:14 am
Forum: Personal Investments
Topic: Thinking of investing in VGHCX and/or Biotech - good or bad?
Replies: 16
Views: 1367

Re: Thinking of investing in VGHCX and/or Biotech - good or bad?

Part of the outperformance is likely explained by healthcare accounting for an increase share of GDP over time. It now stands at ~20%. If you think that trend will continue, then VGHCX is probably going to continue beating VTSAX. However, if you think there is a limit to the share of GDP that will b...
by flarf
Wed Jun 03, 2020 10:24 am
Forum: Personal Consumer Issues
Topic: HVAC - Furnace/AC -> Mini Split Ductless in the Mid Atlantic?
Replies: 11
Views: 840

Re: HVAC - Furnace/AC -> Mini Split Ductless in the Mid Atlantic?

How many indoor units would you have? Do you have the ability to run the refrigerant and drain lines through somewhere concealed, or will they be covered with surface-mount channel on the outside of the house? I think it is a no-brainer to switch to mini-splits assuming the system is designed proper...
by flarf
Fri Apr 24, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13156

Re: Moving out of NYC due to pandemic

I don't think the rationale for moving for health reasons holds any water. Ask one of the 800 people infected in the Sioux Falls pork processing plant if they feel safer because they're not in NYC. This virus will continue to spread until a highly efficacious vaccine is widely available and/or we ac...
by flarf
Wed Apr 22, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2921

Re: Another Close or Walk Dilemma

I would come up with a price you think is fair given the current climate. As you pointed out, there is no market at the moment, but the real estate market is slow and inefficient anyway. This isn't the stock market where you'll know what is happening at 9:30am. Any seller of NYC real estate should u...
by flarf
Thu Mar 05, 2020 4:19 pm
Forum: Personal Investments
Topic: Mortgage refinance
Replies: 43
Views: 5517

Re: Mortgage refinance

Talked to our mortgage broker this afternoon. Just locked in 3%/15 year with $250 CC on jumbo loan with BBVA. It is true the banks are overwhelmed with applications right now. The word on the street is to expect mortgage rate increases by the end of the week to halt the onslaught regardless of what...
by flarf
Wed Mar 04, 2020 5:34 pm
Forum: Personal Investments
Topic: Thoughts on why VNYTX share price decreased today?
Replies: 11
Views: 873

Re: Thoughts on why VNYTX share price decreased today?

For a NYC taxpayer in the highest bracket, the taxable equivalent yield of VNYUX/VNYTX is about 5.7%. Not sure where you're going to earn that kind of return in fixed income these days without taking meaningful risk.
by flarf
Wed Feb 12, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you have to pay a Transfer Tax on transferring NYC Coop Apt to Revocable Living Trust?
Replies: 2
Views: 242

Re: Do you have to pay a Transfer Tax on transferring NYC Coop Apt to Revocable Living Trust?

The transfer tax is calculated as a percentage of the price paid. If the price is $0, then the transfer tax is $0. There's a modest filing fee.

If the only reason you are doing this is to avoid probate, you may want to reconsider.
by flarf
Mon Feb 10, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica?
Replies: 33
Views: 2293

Re: Chrysler Pacifica?

I have not followed it, how is Chrysler doing as a business these days? My main concern would be if there could be problems with the warranty if they get into trouble again. Fiat Chrysler Automobiles does over $120 billion in sales a year, makes money, and is merging with Peugeot to become the four...
by flarf
Mon Feb 10, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica?
Replies: 33
Views: 2293

Re: Chrysler Pacifica?

I wish the 2021 Pacifica was available today. Driving a diesel X3 right now that is about to be too small and need something that will seat six, and I'm not thrilled with any of the current options. The updated Pacifica appears to have the best combination of space (seating / storage / cargo), capab...
by flarf
Wed Feb 05, 2020 5:10 pm
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2512

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

In NY, you can also request an Uber that will arrive with a car seat installed - so travel in the city should not be a problem (other than a little more expensive). "Uber Car Seat provides one forward-facing car seat for a child who is at least 2 years old, 22 pounds, and 31 inches tall." Source: h...
by flarf
Tue Feb 04, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: How much does a nanny cost?
Replies: 25
Views: 2635

Re: How much does a nanny cost?

DW and I are getting tired of these day cares that charge a fortune and then it isn't even good care, it is mostly babysitting. My worry with a nanny is that they wont be teaching anything but more just babysitting, but since the little one is only 1 that may be ok for now. How much does a nanny co...
by flarf
Tue Feb 04, 2020 10:37 am
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2512

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

Anything is possible, but it's your ten year anniversary -- do you want it to be enjoyable or not? Remember that things change a lot from 7 months to 11 months. There are good travel strollers available that are lightweight and collapse easily. Your kid will have a place to nap and you'll have a muc...
by flarf
Tue Feb 04, 2020 10:04 am
Forum: Personal Investments
Topic: Inherited IRA questions. How aggressive should I be?
Replies: 37
Views: 1638

Re: Inherited IRA questions. How aggressive should I be?

Congratulations to the OP on being one of the last people to benefit from the stretch IRA as we knew it. Your close family member gave you a very nice gift.
by flarf
Thu Jan 30, 2020 1:35 pm
Forum: Personal Investments
Topic: How to Invest Educational Trust?
Replies: 15
Views: 596

Re: How to Invest Educational Trust?

A nice gesture by the grandmother, but one has to wonder what role her lawyer played in coming up with this setup... OP, might I suggest a consultation with an unaffiliated attorney? You're looking at a lot of effort, both now and in the future, for six trusts with $43k each. Can you even come up wi...
by flarf
Mon Jan 27, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Yet another thread on fixed vs ARM
Replies: 15
Views: 879

Re: Yet another thread on fixed vs ARM

I think the reason they are not popular is that you expose yourself to both interest rate risk and significant risk of loss if prices fall and you've accrued no equity. Home prices don't ALWAYS go up. IO loans were very popular before 2008... You didn't underline the previous sentence in my quote. ...
by flarf
Mon Jan 27, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Yet another thread on fixed vs ARM
Replies: 15
Views: 879

Re: Yet another thread on fixed vs ARM

Yields on the 10-year just went from 1.80% to 1.60% in the last week. You may see rates get even softer. If you both have relatively high earning jobs, then you probably have a good cash/equity cushion as well. It's not a popular opinion around here but I am a big fan of interest-only ARMs for that ...
by flarf
Mon Dec 23, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23550

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

A lot of commentary and posts on this forum state that spouses, individuals not more than 10 years younger, individuals with disabilities and minor children are exempt. The last one is misleading. Minor children are only exempt until they become adults. Then the 10-year rule applies.* *At least tha...
by flarf
Wed Dec 18, 2019 4:57 pm
Forum: Personal Investments
Topic: Unusual need to book a smallish capital loss by year-end
Replies: 29
Views: 2106

Re: Unusual need to book a smallish capital loss by year-end

You should be looking at names with high volatility, not boring utility stocks. Volatility in options is what costs money. VZ has implied volatility of about 13. Take ALLK, for example. Today's closing price was $119.28. The asking price at the close today for the $130 call expiring tomorrow was $1....
by flarf
Wed Dec 18, 2019 4:50 pm
Forum: Personal Investments
Topic: Manufacturing a needed capital loss by buying OTM calls
Replies: 8
Views: 595

Re: Manufacturing a needed capital loss by buying OTM calls

You're correct on the cost of the trade, but those $59.50 calls are currently in the money with VZ closing at $60.86 today, not out the money. You would need to be absolutely sure that your broker will not exercise an in the money option at expiry. I just looked at the Schwab option trading agreemen...
by flarf
Tue Dec 17, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: What to expect buying a new 2020 "build your own" BMW
Replies: 40
Views: 3080

Re: What to expect buying a new 2020 "build your own" BMW

You're going to get much better information at a site like Bimmerfest.
by flarf
Tue Dec 17, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: Quality Power-Tool Brands
Replies: 93
Views: 6218

Re: Quality Power-Tool Brands

Which tools do you have in mind? Corded or cordless? What's your skill level? There is a "hot deals" board at garagejournal.com that tracks good prices on power tools; you may find it useful. I would advise against buying one of the "six tools in one" type packages unless you really want all six too...
by flarf
Fri Dec 06, 2019 9:31 am
Forum: Personal Investments
Topic: Would you refi this 30yr mortgage with a 10/1 ARM?
Replies: 32
Views: 1579

Re: Would you refi this 30yr mortgage with a 10/1 ARM?

Income is 350k and I max all my retirement accounts (401k, mega backdoor & backdoor Roth, HSA). If I take the ARM, my plan is to save aggressively to have the option to pay at least a big portion of the mortgage when the 10 years is up. Do you have meaningful non-retirement (i.e. liquid) funds avai...
by flarf
Mon Dec 02, 2019 5:45 pm
Forum: Personal Consumer Issues
Topic: Christmas Vacation Idea with 2 yo Toddler?
Replies: 38
Views: 2365

Re: Christmas Vacation Idea with 2 yo Toddler?

Just curious why flying is off the table? Nine hours in a plane from DTW gets you to way better places than nine hours in a car, and somebody else does all the driving.
by flarf
Mon Nov 25, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Sprinkler Head Cages for House
Replies: 9
Views: 841

Re: Sprinkler Head Cages for House

I'd ask your builder why they didn't use concealed heads. All you would see is a disc that sits flush with the ceiling. Retrofitting them would certainly be possible, just a question of expense. If switching to concealed heads isn't feasible, I'd directly inquire with the sprinkler subcontractor tha...
by flarf
Thu Nov 21, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buyer's agent commission refunds: Hungry Agents, Redfin, others?
Replies: 17
Views: 2400

Re: Buyer's agent commission refunds: Hungry Agents, Redfin, others?

I don't think offering a rebate has any read on the quality of an broker. In a standard model, the 2.5% or 3% that a broker gets is usually split in half with their employer, leaving the individual with 1.25% or 1.5%. I've done three transactions with the same broker in NYC. He keeps one-third and r...
by flarf
Wed Nov 06, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: The Shade Store -anyone use them or have recommendations
Replies: 12
Views: 1374

Re: The Shade Store -anyone use them or have recommendations

If you are comfortable installing your own: https://automaticblindsandshades.com/

Have used them twice. They're very helpful if you have any questions as well.
by flarf
Fri Oct 25, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Transporting elderly parent state-to-state
Replies: 47
Views: 3710

Re: Transporting elderly parent state-to-state

bankle wrote: Thu Oct 24, 2019 9:28 pmThe quotes I've received are about 10k for ground, and 20k for private plane.
What type of plane? There's a wide spectrum of noise and vibration in this price range.
by flarf
Thu Oct 24, 2019 10:37 am
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 9669

Re: Benefits of Flagship Status at Vanguard?

I take advantage of the free outbound wire transfers. That seems to be a less common perq than free inbound transfers.
by flarf
Wed Oct 23, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for 2 mil+ in annual spending?
Replies: 60
Views: 7114

Re: Best credit card for 2 mil+ in annual spending?

At 2M of annual spend, could the account be over-funded like a debit card to avoid hitting the credit limit? If my credit limit is $150k, I need to spend $200k, and my balance is $0 can I simply make a $50k payment to the account today then spend $200k without exceeding the credit limit? This is su...
by flarf
Mon Oct 14, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: BoA preferred rewards - worth it for very high spend?
Replies: 16
Views: 1943

Re: BoA preferred rewards - worth it for very high spend?

With $100k of annual spend, the difference between 2.625% and 2.0% is $625. But if you did go the BofA route, you'd most likely have some cash back at the 3.5% level as well, and I think you need to consider this over a multi-year period. It's easily thousands of dollars in your pocket, and it doesn...
by flarf
Thu Oct 10, 2019 9:57 am
Forum: Personal Finance (Not Investing)
Topic: In home part-time senior care options?
Replies: 13
Views: 974

Re: In home part-time senior care options?

Ideally, you'd find an unaffiliated person at the facility who is already doing similar work for other residents. Failing that, I would pay for a month of access to care.com and use it to generate leads, knowing that you need to properly diligence the candidates. For what it's worth, we found our na...
by flarf
Tue Oct 08, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2910

Re: 529 savings?

Indeed -- contributions up to $10k per couple are deductible in NY, but rollovers are not.
by flarf
Wed Oct 02, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: FYI, Spanish bank ATMs [Dynamic Currency Conversion]
Replies: 64
Views: 5171

Re: FYI, Spanish bank ATMs

Had a 12% conversion fee show up on an ATM in the arrivals hall at the airport in Barcelona. Crazy.

Big green "ACCEPT" button with a much less obvious button to decline next to it.
by flarf
Tue Sep 24, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1246

Re: Should I take a pension buyout?

ImmediateAnnuities.com is quoting a $2431 monthly payment if you pay $450k today. From that perspective, the $3000 monthly pension doesn't look bad. But at a 5% return, the lump sum wins unless you live beyond 87.
by flarf
Thu Aug 15, 2019 6:23 pm
Forum: Personal Investments
Topic: Co-op retirement condo
Replies: 8
Views: 884

Re: Co-op retirement condo

I've owned a couple of co-op apartments in NYC, where they're very common. You could view the co-op board involvement in approving sales transactions as either a positive or a negative. Presumably they are screening potential buyers to ensure they have sufficient financial resources to maintain stab...
by flarf
Thu Aug 15, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Need Creative Solutions for Billing Expenses to Renter
Replies: 27
Views: 2596

Re: Need Creative Solutions for Billing Expenses to Renter

This is brilliant. Looks like just costs about $75 to put one in. How do I install so the meter is only capturing the electricity being used at this part of the dwelling as opposed to the whole property? You're going to need to call an electrician. Where the power enters your property and where it ...
by flarf
Thu Aug 08, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pharma career change - bench to ?
Replies: 15
Views: 2124

Re: Pharma career change - bench to ?

There is huge demand right now for legitimate contract manufacturers of cell and gene therapies and very few players. Lonza is the gorilla here and has their two US facilities in Houston and Portsmouth, NH. If you're at all interested in bioprocessing I'd take a look at some of their up-and-coming c...