Search found 79 matches

by gch
Mon Aug 31, 2020 8:17 pm
Forum: Personal Consumer Issues
Topic: Laura Insurance Adjustor-"Don't Do Anything"
Replies: 7
Views: 1804

Re: Laura Insurance Adjustor-"Don't Do Anything"

It’s probably two fold: 1. Liability if they say you’re good to go up in the roof and tarp it and there is more damage than you can see and you fall through. Much easier to just say don’t do it and if you do then it’s on you. 2. Trying to identify with each individual what they can vs cannot do as f...
by gch
Fri Aug 28, 2020 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can a landlord charge for stain removal on 14 year-old carpet?
Replies: 36
Views: 3537

Re: Can a landlord charge for stain removal on 14 year-old carpet?

Just curious, how do you know the carpets are 14 years old?
by gch
Fri Jul 31, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rate Using Endowment Rules?
Replies: 15
Views: 1107

Re: Withdrawal Rate Using Endowment Rules?

If you never took more than 4.5% or 5.3% or shoot even 99.9% of the value of your “endowment” in a year then you’d never run out.
by gch
Fri Jul 10, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Questions re Facebook Privacy
Replies: 11
Views: 768

Re: Questions re Facebook Privacy

If you search your name and city/state on the internet you can find addresses, phone numbers, family members, etc very easily. Seriously, just google your first and last name and the city and state you’re most associated with and most likely it will bring up all of the above information. I would ima...
by gch
Tue Jul 07, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property sale taxation
Replies: 10
Views: 560

Re: Rental property sale taxation

How did you determine the house was worth 100k less in 2013 than 2005?
by gch
Wed Jul 01, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 27095

Re: 4% rule - confidence poll

30 years for sure. As long as your portfolio keeps up with inflation then you’d be good for 25 years.
by gch
Mon Jun 29, 2020 6:20 pm
Forum: Personal Consumer Issues
Topic: Vacation Rental Refund Disagreement
Replies: 30
Views: 2420

Re: Vacation Rental Refund Disagreement

Unless you’re in an at risk group then just go and quarantine from people when you get back.
by gch
Sun Jun 21, 2020 6:05 pm
Forum: Personal Investments
Topic: How to hold US Dollars without any credit risk?
Replies: 30
Views: 1620

Re: How to hold US Dollars without any credit risk?

I fail to see a scenario such that the US Treasury defaults on its debts AND the FDIC is unable to insure deposits yet your USD is still worth much sitting around in some type of maintenance account.
by gch
Sat Jun 13, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: $120,000 in credit card debt
Replies: 72
Views: 9743

Re: $120,000 in credit card debt

Is this coming from cashing out a retirement account? Reason I ask is it seems hard to see how one would have 200k+ in a taxable/savings account while also having 100k+ in CC debt. Perhaps the sale of your house? If it is cashing out retirement accounts then one would have to consider penalties and ...
by gch
Mon Jun 01, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is this the right way to calculate the rate of return from a refi?
Replies: 7
Views: 574

Re: Is this the right way to calculate the rate of return from a refi?

You cannot possibly know your rate of return unless you are very certain on how long you will keep the mortgage for. For example let’s say you kept it for one year (estimates): 1.125% lower interest on 470k =5k in savings. Cost to refinance = 4k Rate of return = 25% If kept for 2 years 1.125 lower i...
by gch
Sun May 31, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Trying to Understand Equities - Years to pay back all shares.
Replies: 14
Views: 1332

Re: Trying to Understand Equities - Years to pay back all shares.

Thank you everyone! I'm glad my math and understanding isn't wrong. Obviously my math is very simplistic, I don't even account for current assets, but the basic premise is indeed the same, our stock investing is gambling future profits out decades in the future. What's even more interesting is we a...
by gch
Sat May 30, 2020 5:05 pm
Forum: Personal Investments
Topic: Time for a new house?
Replies: 35
Views: 2961

Re: Time for a new house?

It sounds like your question is not “is it time for a new house”, because it seems pretty clear the answer is yes. Your real question seems to be, “is it the right time to sell my house”. I asked myself the same thing and was going to buy a new home and hold onto my old one not wanting to sell in th...
by gch
Sat May 30, 2020 12:02 am
Forum: Personal Investments
Topic: What to do when bank CD rate is much lower than promised?
Replies: 19
Views: 1900

Re: What to do when bank CD rate is much lower than promised?

Unrelated to your original question, but why do you have a Roth IRA invested in a CD? Assuming you’re not 100% in fixed assets, isn’t the general rule to invest your equity allocation in the Roth because you get to take all gains out tax free (once at an appropriate age of course)?
by gch
Fri May 29, 2020 7:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Balances & Holdings math errors
Replies: 4
Views: 333

Re: Vanguard Balances & Holdings math errors

My assumption would be that behind the scenes the numbers go out to more decimal places than you can see. For example123,935.35/1978 = 62.6569... so perhaps you have 1978.02 shares
by gch
Fri May 22, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off student loan during loan forbearance? Now, or is there any reason to wait?
Replies: 5
Views: 507

Re: Paying off student loan during loan forbearance? Now, or is there any reason to wait?

You could get ~$23 in risk free interest throwing it into a savings account paying an after tax 1% for four months. Probably not worth it, but that’s up to you. I would definitely pay it off over investing in bonds that are unlikely to return >6.25%, just doing it now vs at the end of Sep will cost ...
by gch
Wed May 20, 2020 7:11 am
Forum: Personal Investments
Topic: $15,000 bonus
Replies: 20
Views: 2828

Re: $15,000 bonus

To me it would depend on the age of your child. If you have a young child(ren) I would put it in a taxable or 529 (depending on how sure you are your children will go beyond a high school education). The reason being the market growth can be significant over 17+ years and you can take that growth ou...
by gch
Tue May 19, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5898

Re: Social Security is an asset....yet again

Everyone that’s arguing in this thread against SS being an asset says it’s because you cannot sell it. Please tell me what law says you cannot sell it? I will offer the first person to respond to me in this thread $1 for all their future social security benefits right now if you have paid into SS t...
by gch
Tue May 19, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5898

Re: Social Security is an asset....yet again

Everyone that’s arguing in this thread against SS being an asset says it’s because you cannot sell it. Please tell me what law says you cannot sell it? I will offer the first person to respond to me in this thread $1 for all their future social security benefits right now if you have paid into SS th...
by gch
Tue May 19, 2020 9:42 am
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5898

Re: Social Security is an asset....yet again

I just googled the definition of an asset: “A useful or valuable thing, person, or quality“ Therefor I think we can all agree, by definition, SS is an asset. What you choose to think of an asset as does not change the definition. My wife is definitely an asset. I wonder how I can monetize her? My f...
by gch
Mon May 18, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5898

Re: Social Security is an asset....yet again

I just googled the definition of an asset:
“A useful or valuable thing, person, or quality“

Therefor I think we can all agree, by definition, SS is an asset.

What you choose to think of an asset as does not change the definition.
by gch
Sun May 17, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changing Decision [Mortgage Down Payment]
Replies: 17
Views: 2222

Re: Life Changing Decision [Mortgage Down Payment]

OP, completely unrelated to your initial mortgage question, but do be careful about contributing too much to traditional IRA/403/457. My parents were in a similar situation to you (good savers+SS+teacher pension) and have so much money in trad IRA/457/403 that when RMDs kick in in a few years they w...
by gch
Sun May 10, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Intera
Replies: 8
Views: 1870

Re: Oil Crash Busted Broker’s Computers and Inflicted Big Losses-At midnight, Shah got the devastating news: he owed Int

These customers are so lucky that Interactive screwed up. It's not clear to me that even if Interactive's software was working properly, it would have cleared these customers out of their positions in time to prevent massive losses. Interactive's "glitch" is manna from heaven for these folks -- and...
by gch
Sun May 10, 2020 8:23 pm
Forum: Personal Investments
Topic: Tap into HELOC vs retirement funds for next house downpayment?
Replies: 13
Views: 629

Re: Tap into HELOC vs retirement funds for next house downpayment?

As I reframe my thought process, is this essentially a question of whether it is worthwhile to take a $50k loan at 5% interest to be able to invest $50k in the stock market in either a tax protected account? Which then means that if I expect my tax savings on my money to be greater than 5% in retir...
by gch
Thu May 07, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6331

Re: How to negotiate severance if laid off?

How would you guys rate Airbnb severance? 14 weeks + 1 week/yr and 12mth COBRA. Looks good? https://www.marketwatch.com/story/airbnb-will-give-laid-off-employees-14-weeks-base-pay-but-millions-more-laid-off-workers-are-not-so-lucky-2020-05-06 Since Airbnb has only been around 11 years, basically pa...
by gch
Tue May 05, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Please help me unravel my parents mess
Replies: 55
Views: 6829

Re: Please help me unravel my parents mess

Most likely between XOM pension plan, teacher’s retirement plan, SS, and the annuity, your parents will never even need to look at their stock portfolio.
by gch
Sun May 03, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Meaning of "FSCLY 21 Index (this is crude oil related)
Replies: 1
Views: 165

Re: Meaning of "FSCLY 21 Index (this is crude oil related)

I would guess it means an index of light crude 2021 futures with the “y” meaning the full year and the “fs” meaning futures. So basically comparing XOP to the full year of 2021 WTI futures. Just a guess though.
by gch
Mon Apr 20, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8407

Re: Just ordered 10'000 barrels of oil for 45k USD - anyone else?

Permian Gas prices have trading negative for whole delivery months. Commodities definitely can go negative
by gch
Mon Apr 20, 2020 12:54 pm
Forum: Personal Investments
Topic: How can I "buy into oil" at these prices?
Replies: 57
Views: 5819

Re: How can I "buy into oil" at these prices?

How does one "buy into oil" at these prices? As of this post - a barrel of oil is around $1.65 a barrel. I'm willing to toss 5k into something but USO and UGA are the only 2 funds I know of that are supposed to have some form of "tracking" of the oil price but I've watched them for some time and th...
by gch
Mon Apr 20, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6743

Re: How to "invest" in oil?

AZAttorney11 wrote: Mon Apr 20, 2020 12:46 pm How much has the spot price of WTI declined since OP wanted to invest in oil three days ago?
Just today the spot prices should down 90%. But the forwards are little changed.
by gch
Mon Apr 20, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6743

Re: How to "invest" in oil?

If you built it, why would you sell it through an ETF and not straight to O&G traders/companies like what is currently done? Think If the curve ever went to backwardation or fracing was outlawed in the US and your ETF is worthless where you couldve sold all the rights to other companies for guarant...
by gch
Mon Apr 20, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6743

Re: How to "invest" in oil?

I'm surprised no company has started a physical oil ETF. Most unleveraged gold ETFs hold physical gold. You could do the same with oil and charge the storage cost as the ER. It would track the long term price of oil much more closely than oil futures ETFs which are hugely affected by contango/backw...
by gch
Mon Apr 20, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6743

Re: How to "invest" in oil?

I'm surprised no company has started a physical oil ETF. Most unleveraged gold ETFs hold physical gold. You could do the same with oil and charge the storage cost as the ER. It would track the long term price of oil much more closely than oil futures ETFs which are hugely affected by contango/backw...
by gch
Sat Apr 18, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7823

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

ETFs like OIL are trading and hedging vehicles, not investment vehicles. The best reason to hold something like this is to hedge against some specific business risk. For example, if you own a trucking company and want a quick and easy way to hedge against higher oil prices over the next month. They...
by gch
Fri Mar 27, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Sec. 2202 - Special rules for use of retirement funds
Replies: 17
Views: 1091

Re: Sec. 2202 - Special rules for use of retirement funds

If you’re close to the AGI cutoff for the stimulus, you couls max contribute to your 401k/IRA to reduce your AGI, then get the stimulus check, then take the money back out and be 1,200 richer.
by gch
Fri Mar 27, 2020 7:06 pm
Forum: Investing - Theory, News & General
Topic: [CARES Act] Overview
Replies: 98
Views: 6738

Re: CARE Act Overview

Has anybody seen anywhere on if children born in 2019 whose parents have not filed their 2019 taxes or 2020 births will qualify for the $500 credit?
by gch
Tue Mar 24, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Math question
Replies: 10
Views: 1008

Re: Math question

The posters above are assuming that the friend’s chances don’t increase if others don’t get selected (ie they’re independent of each other). Most likely that would not be the case in a scenario where someone is applying to something although it is a bit ambiguous in your OP.
by gch
Tue Mar 24, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118673

Re: Why are you NOT buying rental properties?

So far I’ve yet to receive a call about April rent. We’ll see this next week how it goes. I (luckily) have a number of teachers and Different types of nurses so I should still be cash flow positive even if the waiters, dental assistants, etc. cannot pay.
by gch
Fri Mar 13, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1229
Views: 111344

Re: Well, I am market timing due to coronavirus... Wish me luck.

...all that and then there's actual data. Below is a plot (attribution is in the text) from the article I linked up above. Japan is an outlier. All the other affected(infected) countries are following identical paths in their initial ramp-up of "positive cases". USA is behind Italy in a time frame ...
by gch
Thu Mar 12, 2020 10:13 pm
Forum: Investing - Theory, News & General
Topic: How much could we theoretically lose?
Replies: 128
Views: 10631

Re: How much could we theoretically lose?

Not to be morbid, but if the majority of the deaths are elderly am I crazy to think that the shift in wealth at once to a younger generation would actually stimulate the economy?
by gch
Sun Mar 08, 2020 10:19 pm
Forum: Personal Investments
Topic: Anyone buying oil/energy sector?!
Replies: 56
Views: 5337

Re: Anyone buying oil/energy sector?!

I’d probably buy into VDE if the prompt/forward WTI curve went sub $25 but I’m not sure that’s going to happen.
by gch
Fri Feb 28, 2020 9:10 pm
Forum: Personal Investments
Topic: Letting HSA grow despite unused tax-advantaged space
Replies: 21
Views: 1532

Re: Letting HSA grow despite unused tax-advantaged space

gch, If I take money out of the HSA, put it in my 401(k) and get a 25% tax deduction, then withdraw it in retirement at a 15% tax rate, isn't that better than leaving it in the HSA? There are a lot of reasons not to leave it in the HSA. You are rewording my original post abysmally so here is the or...
by gch
Fri Feb 28, 2020 8:26 pm
Forum: Personal Investments
Topic: Letting HSA grow despite unused tax-advantaged space
Replies: 21
Views: 1532

Re: Letting HSA grow despite unused tax-advantaged space

After you have incurred the medical expense, there is no difference in a Roth 401k/Ira or an hsa Well, this is false. The ability to get money out of an IRA or Roth IRA (in particular) without penalty is much better than an HSA. I have a well-funded HSA that I think will cover a considerable amount...
by gch
Sat Feb 22, 2020 8:39 pm
Forum: Personal Investments
Topic: Letting HSA grow despite unused tax-advantaged space
Replies: 21
Views: 1532

Re: Letting HSA grow despite unused tax-advantaged space

After you have incurred the medical expense, there is no difference in a Roth 401k/Ira or an hsa (while having to save the receipts). So if you have not maxed out your Roths, I don’t know why you wouldn’t go ahead and withdraw the hSA money and transfer it to your Roth so you don’t have to keep the ...
by gch
Sat Feb 22, 2020 12:37 pm
Forum: Personal Investments
Topic: Did I screw up my Backdoor Roth for 2019?
Replies: 15
Views: 1086

Re: Did I screw up my Backdoor Roth for 2019?

To be clear then: 1. I now have $6k in Roth IRA that will grow tax free and will be withdrawn tax free upon 59.5 2. ~$6k of my Rollover tIRA has somehow been converted into basis that can be withdrawn (pro-Rata) tax-free upon 59.5 All for the price of $1878 in double taxation? I still come out ahea...
by gch
Sat Feb 22, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway 2019 Shareholder Letter
Replies: 28
Views: 2932

Re: Berkshire Hathaway 2019 Shareholder Letter

“On its balance sheet, Berkshire carries the Kraft Heinz holding at a GAAP figure of $13.8 billion, an amount that represents Berkshire’s share of the audited net worth of Kraft Heinz at December 31, 2019. Please note, though, that the market value of our shares on that date was only $10.5 billion.”...
by gch
Sun Feb 16, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: Buying a (used) house.How to avoid major defects? Inspections? Buyers Agent? Lawyers/contracts? Thanks.
Replies: 15
Views: 1394

Re: Buying a (used) house.How to avoid major defects? Inspections? Buyers Agent? Lawyers/contracts? Thanks.

There will be things that you won’t find for 1-5 years no matter what you do. Different areas have recommended inspections beyond the general home inspector. Different ones you may consider: Termite/insects/rodents Structural Plumbing HVAC Electrical Each one will cost between 100-750 dollars so cho...
by gch
Fri Feb 07, 2020 3:04 pm
Forum: Personal Investments
Topic: Should I invest in this rental property?
Replies: 11
Views: 1349

Re: Should I invest in this rental property?

I co-own a rental property with brothers. It's a single family home in Grants Pass Oregon that rents for $1225/month. I am already 1/3 owner of the property. One of the other 1/3 owners is willing to sell his part for $54,000. I'm trying to figure out whether this would be a good investment. Zillow...
by gch
Mon Feb 03, 2020 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Need help with valuation of small company
Replies: 12
Views: 910

Re: Need help with valuation of small company

I'm retired and shuttering the last remnants of my employment. I am a shareholder in a small billing service company. There are 5 shareholders (equal amounts) . We each contributed ~$1200 to the startup costs. There are no significant assets other than ~$20000 in our business checking account and a...
by gch
Fri Jan 31, 2020 10:32 pm
Forum: Personal Consumer Issues
Topic: How to decide a job change from Chicago to Houston?
Replies: 52
Views: 2967

Re: HOw to decide a job change from Chicago to Houston?

Oh and one other thing - guns. Gun culture is totally different. When I go to Houston I will undoubtedly end up in a room with relatives, restaurant with strangers, etc. who are either open or concealed carrying. At the park near my mom’s house you are allowed to bring your guns but not drink out o...
by gch
Sat Jan 25, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: HSA receipts
Replies: 64
Views: 3814

Re: HSA receipts

I save EOB’s and then credit card statements that (mostly) match the EOBs. Surely this would be enough in the case of any audit?