Search found 90 matches

by medic
Sat Mar 14, 2020 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Tips on working from home
Replies: 11
Views: 951

Re: Tips on working from home

some tips: get familiar with the video conference software the company uses get a webcam - it helps when other people can see you and forces you to get dressed in the AM (e.g keeping a routine). Some apps have a feature that will blur the background so people aren't looking into your home. If not, s...
by medic
Sat Mar 14, 2020 5:39 am
Forum: Personal Finance (Not Investing)
Topic: K1 losses and state taxes
Replies: 0
Views: 103

K1 losses and state taxes

I have a K1 from an investment that operates in several states. It’s a passive loss in the K1 overall and in all of the states. Since it’s a loss, I know that I don’t need to file state income taxes in any of these locations, but is this the best approach? I want to ensure that I’ll be able to use t...
by medic
Fri Mar 13, 2020 5:57 pm
Forum: Non-US Investing
Topic: Market crash. Should I put it all in at once or dollar cost average???
Replies: 10
Views: 1375

Re: Market crash. Should I put it all in at once or dollar cost average???

DCA is to minimize buyer's remorse. Frontloading generally provides the higher return
by medic
Tue Mar 03, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Tickets to Tokyo in April
Replies: 8
Views: 1057

Re: Tickets to Tokyo in April

Right, it's a CDC recommendation not to travel to very active regions like Italy and Japan. I suspect you'll get a free cancelation.
by medic
Fri Feb 28, 2020 5:07 am
Forum: Personal Investments
Topic: What to do with my infirm mother's finances?
Replies: 10
Views: 909

Re: What to do with my infirm mother's finances?

before speaking with a FA, an estate planner may be more valuable to understand how to structure and divide the assets as well as understanding what you can and should do with the guardianship you have. As IHateCasinos states, there's some paperwork that may be valuable to execute soon. From experie...
by medic
Fri Feb 28, 2020 4:51 am
Forum: Personal Investments
Topic: N95 masks and APT stocks
Replies: 21
Views: 1688

Re: N95 masks and APT stocks

One option to "go along for the ride", set a trailing stop loss/limit order. As the stock goes up, you continue to benefit. When it drops, you'll trigger an automatic sale when it falls below the some $/percentage threshold. https://www.fidelity.com/learning-center/trading-investing/trading/stop-los...
by medic
Fri Feb 28, 2020 4:44 am
Forum: Personal Investments
Topic: First Time TLH
Replies: 6
Views: 461

Re: First Time TLH

Don't know all the securities, but if they're tracking different index (which I suspect they are from the names), you're fine to avoid the wash sale rule by buying the new securities right away. Your cap gains and dividends are going to your sweep account (money market). As long as they don't go bac...
by medic
Fri Feb 28, 2020 4:39 am
Forum: Personal Investments
Topic: N95 masks and APT stocks
Replies: 21
Views: 1688

Re: N95 masks and APT stocks

This sounds like a trade, not an investment. Take a percentage you're happy with. It's unclear how long the fear will last or how well companies will be able to capitalize on it. Stock price is based primarily on future value. Does the market expect that there will be a long term higher demand for t...
by medic
Thu Feb 27, 2020 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids about saving money and investing
Replies: 44
Views: 3015

Re: Teaching kids about saving money and investing

Agree about teaching by example. When you're planning your next larger purchase (vacation, car, etc), bring your kids in on it and let them discuss the tradeoffs. This helped our kids realize that it's not an endless supply and while we're well off, we are in this position because we make choices to...
by medic
Tue Feb 25, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 12928

Re: Do you ever use cash?

Don't you worry about not having recourse in the event you have some dispute with your contractor? Im also thinking about the logistics of walking around with, say, 10 grand actual bills to pay the roofer. With a check or credit card there is a record of the payment and possibly even some protectio...
by medic
Mon Feb 24, 2020 1:38 pm
Forum: Personal Investments
Topic: Study CFA just for personal investment and portfolio management knowledge
Replies: 55
Views: 4135

Re: Study CFA just for personal investment and portfolio management knowledge

Go to your library and pick up some CFA exam prep or study books. You'll notice that a lot of the content has very little to do with actual investment and more about the rules and expectations. For several thousand you'd spend on a course, it's a wiser investment to focus on the items you care about...
by medic
Mon Feb 24, 2020 1:34 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 12928

Re: Do you ever use cash?

When getting work done at the house, I always ask if they're willing to offer a cash discount. Works about half the time and usually greater than the cash back my credit card will give me.
by medic
Thu Feb 20, 2020 1:00 pm
Forum: Personal Investments
Topic: Teaching teens about stock market, mutual funds etc
Replies: 22
Views: 1158

Re: Teaching teens about stock market, mutual funds etc

Does your son have some goal he needs money for - get a car, pay for prom, a new gaming console, etc. Does he have any money or income from birthday money, allowance, work? If so, start with he basic of saving/spending. With our tween, we give him money weekly and when he wants things like new books...
by medic
Wed Feb 19, 2020 6:28 am
Forum: Personal Investments
Topic: Roth 401k for daughter?
Replies: 34
Views: 1882

Re: Roth 401k for daughter?

Presumably her income/tax bracket will likely go up in the next 15-20 years. If so, why not roth 401k and then backdoor roth the traditional IRA contribution as well? Later, when she's got more income in her peak earning years and likely to have a lower tax bracket in retirement, she can switch to a...
by medic
Wed Feb 19, 2020 6:23 am
Forum: Personal Consumer Issues
Topic: Buying High Mileage Truck to Haul Mountain Bikes
Replies: 26
Views: 2163

Re: Buying High Mileage Truck to Haul Mountain Bikes

I'm not sure what you mean when you say no hitch/trailer. There are MTB racks that handle many bikes without needing a trailer https://www.northshoreracks.com/ Certainly a cheaper option without having the time and energy of another vehicle. My only reason for not getting this was garage clearance s...
by medic
Wed Feb 12, 2020 2:14 pm
Forum: Personal Investments
Topic: How to Stop Watching the Market (I know it's just that simple. But is it?)
Replies: 33
Views: 2017

Re: How to Stop Watching the Market (I know it's just that simple. But is it?)

What did you do with your time before you started looking so heavily in investments? Go back to that and you'll naturally split your energy. I found the way to spend less time on A is to spend more time on B. You could try to go cold turkey, but normally if there's a habit to break identify the trig...
by medic
Wed Feb 12, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Expensive ink cartridge for Canon printer
Replies: 21
Views: 878

Re: Expensive ink cartridge for Canon printer

I find this to be typical of inkjet printers- sell the printer at throw-away prices and charge crazy amounts for ink cartridges which are not compatible with other brands. After going through a few of these, I bought a laser printer- Brother. Initial cost is a little more, but not crazy high. The c...
by medic
Wed Feb 12, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: Indexing versus real estate for low income investors
Replies: 21
Views: 1563

Re: Indexing versus real estate for low income investors

One is a job and one isn’t. Also low income implies low number of rental properties so uncompensated risk is higher. There are lots of paths to real estate investing. Only a few of which actually involve purchasing and operating a property yourself. REITs are a prime example that are passive option...
by medic
Wed Feb 12, 2020 11:25 am
Forum: Personal Investments
Topic: Saving and investing for kids
Replies: 26
Views: 1325

Re: Saving and investing for kids

Any accounts on kids names will impact their ability from getting scholarships and students aid. depends on what the purpose of the money is. as long as you spend down the account before they're applying for college aid, there's no impact. Children are expensive and more so as the grow. Trips to vi...
by medic
Wed Feb 12, 2020 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4779

Re: Benefits of paying cash for a house

There are a few cons. Paying all cash for a house ties up a lot of money into your home, making a significant amount of your savings illiquid. Next you won't get any tax deductions by paying all cash. You would get a tax deduction on the interest you pay up for up to a 750k mortgage I believe. Tax ...
by medic
Fri Feb 07, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need in my 529 per child?
Replies: 78
Views: 6153

Re: How much do I need in my 529 per child?

The Vanguard calculator above spits out some ridiculous numbers for cost of college (~$700k for 4 years at MIT / Harvard for example). I think something has to give before we get to that point, we're already seeing politicians talk about making college free, or waiving college tuitions. I don't thi...
by medic
Fri Feb 07, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5044

Re: Downside to using Cash Back credit cards

Or split the purchase onto your multiple cards.
To Jack's point, I've also pre-paid my card and had a credit with them before making a large purchase.
by medic
Fri Feb 07, 2020 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Tech Jobs (Defense vs. FAANG)
Replies: 21
Views: 2847

Re: Tech Jobs (Defense vs. FAANG)

Which big tech? Google and Microsoft, for example, have great WLB and most work 40 and done. Apple, Amazon, and FB are different. Agree on Amazon. Never met an engineer there that wasn't 60+ hours. Apple and FB are alright depending on where you are. R&D @apple is pretty good. Product engineering i...
by medic
Fri Feb 07, 2020 4:21 am
Forum: Personal Investments
Topic: Children's Savings: Investing small amounts of money
Replies: 9
Views: 975

Re: Children's Savings: Investing small amounts of money

At $169, and a ~$500 balance you could pick up another share each. That gets you ~70% invested. Or advance their gifts for the year and settle into full shares. Alternatively, you can setup a fidelity account or other brokerage and fully invest by purchasing fractional shares with the amount you hav...
by medic
Thu Feb 06, 2020 1:31 pm
Forum: Personal Investments
Topic: I bought a house, what is my AA now?
Replies: 152
Views: 7870

Re: I bought a house, what is my AA now?

Agree with others, but consider if it's worthwhile to revisit your IPS. Now that you own a home (really own since no mortgage), you may not need to be as conservative in your AA. When we paid off our home, our emergency fund went down and asset reduced bonds because a downturn was not as painful. Le...
by medic
Thu Feb 06, 2020 11:16 am
Forum: Personal Consumer Issues
Topic: Used 2012 Subaru Impreza 95k Miles
Replies: 35
Views: 2354

Re: Used 2012 Subaru Impreza 95k Miles

What's the upcoming maintenance and has that been done? There was a moderate service due at 90K which includes changing the spark plugs. Not super expensive, but an item you may need to throw into the price calculation. We've just passed 65K on our outback from the same generation. Nothing out of th...
by medic
Thu Feb 06, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Tech Jobs (Defense vs. FAANG)
Replies: 21
Views: 2847

Re: Tech Jobs (Defense vs. FAANG)

worked in big tech for the past 20 years. you're going to find things to hate everywhere even tech. it's a margin business and keeping the quarterly numbers looking good. in a fat high margin software/cloud business, you're usually okay until things really hit the fan. in a lower margin hardware tec...
by medic
Thu Feb 06, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?
Replies: 25
Views: 1648

Re: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?

One item you didn't mentioned with your analysis, is the amica quote their dividend policy or standard? I know dividend is usually higher initially, but I've always netted better than the non-dividend policies at the end of the year. Calling that out to ensure it's apples to apples since dividend po...
by medic
Thu Feb 06, 2020 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?
Replies: 25
Views: 1648

Re: Leaving Amica for Cincinnati, Erie, Travelers, or MetLife?

Thanks for this analysis. We've been with Amica for a while and haven't shopped around since most providers seem to be about cost vs service. What does limited line service and limited water damage get you? I suspect for water damage (not flood) all insurers should be making you whole so a sewer bac...
by medic
Wed Feb 05, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Individual with Little Income Seeks Mortgage
Replies: 32
Views: 4695

Re: High Net Worth Individual with Little Income Seeks Mortgage

How is she earning income or is she just drawing funds that are already in cash? Can she demonstrate steady rent payments? Non-taxable withdrawals, SS, etc can still be used to generate income that can be shown without impacting taxes. When she works with banks figure out if the refi path to qualify...
by medic
Tue Feb 04, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Mortgage Question
Replies: 20
Views: 1772

Re: Simple Mortgage Question

You need to run the numbers based on how long you'll keep the loan (refi, sell, payoff) and determine if the savings make up for the 5K in fees. If you're going to pay off in 7 years for example, why not get a 7/1 (or more conservative 10/1) ARM to drop the rate a bit more? Our last loan, although w...
by medic
Mon Feb 03, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: Maintaining Asset Allocation Between Taxable and Retirement Accounts
Replies: 6
Views: 516

Re: Maintaining Asset Allocation Between Taxable and Retirement Accounts

Money is fungible, so set you AA across the accounts as a whole, not per account. As much as possible, set your allocation of bonds and equities per where the distributions impact you the least. For example, bonds in a tax protected account to avoid the tax drag on distributions. However, if you hav...
by medic
Mon Feb 03, 2020 8:02 pm
Forum: Personal Consumer Issues
Topic: Skiing Frugally
Replies: 45
Views: 4523

Re: Skiing Frugally

Alaska air offers a fly and ski free option. If you can get a cheap flight, you can get to a resort for a long day trip
https://www.alaskaair.com/content/explore/ski
by medic
Fri Jan 31, 2020 7:39 am
Forum: Non-US Investing
Topic: Choosing between Global Aggregate Bond ETF and US Treasury Bond ETF
Replies: 1
Views: 329

Re: Choosing between Global Aggregate Bond ETF and US Treasury Bond ETF

Take a look at the factsheet or prospectus for each AGGU - https://www.ishares.com/uk/individual/en/literature/fact-sheet/aggu-ishares-core-global-aggregate-bond-ucits-etf-fund-fact-sheet-en-gb.pdf VDTA - https://americas.vanguard.com/institutional/mvc/loadImage?country=BS&docId=19849 They track dif...
by medic
Thu Jan 30, 2020 5:27 am
Forum: Personal Consumer Issues
Topic: Florida Home deductible 10% of value!!
Replies: 9
Views: 1253

Re: Florida Home deductible 10% of value!!

Seems the mortgage companies don't care about the risk of earthquakes to the homes they are funding. Why would they - in most cases the loan is sold and backed by Fannie/Freddie so the mortgage company has no stake in your home. Plus, for major events like earthquakes there's usually government bac...
by medic
Mon Jan 27, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Sell home or keep as rental?
Replies: 22
Views: 1114

Re: Sell home or keep as rental?

Take the fact that you own the home out of the equation. It's an asset you can sell or hold on to. First, check your investment plan, is real estate part of it? If so, is this the best use of your investment dollars? Calculate the cap rate to find out - http://visulate.com/rental/?m2=investment&menu...
by medic
Mon Jan 27, 2020 4:06 am
Forum: Investing - Theory, News & General
Topic: Global Coronavirus Pandemic
Replies: 16
Views: 2548

Re: Global Coronavirus Pandemic

Or the quarantine is an overreaction response to try to show it's doing something. Lots of blow back happening in PRC as well. Will this affect healthcare stocks? You're probably late to the trade - https://www.scmp.com/business/money/stock-talk/article/3047718/wuhan-coronavirus-bump-health-care-st...
by medic
Mon Jan 27, 2020 3:54 am
Forum: Investing - Theory, News & General
Topic: Global Coronavirus Pandemic
Replies: 16
Views: 2548

Re: Global Coronavirus Pandemic

The lethal rate is what, 3%? I'm not sure how this is any more problematic than hundreds of other diseases. Because it's new, bridged from animals which is a common concerns for where the next pandemic will come from (e.g. bird flu), linked to the same class of virus that caused SARS which had a ~1...
by medic
Mon Jan 27, 2020 3:41 am
Forum: Personal Consumer Issues
Topic: Most inexpensive places to buy new cabinets and countertops
Replies: 21
Views: 2453

Re: Most inexpensive places to buy new cabinets and countertops

If you're potentially going to move in ~2 years, try to hold the cabinets together. If the drawers run smooth and doors open/close fine, hardly anyone looking to buy a house inspects the shelves. Depending on the appliances, the older/mismatched appliances will be a bigger deterrent to potential buy...
by medic
Mon Jan 27, 2020 3:21 am
Forum: Investing - Theory, News & General
Topic: Global Coronavirus Pandemic
Replies: 16
Views: 2548

Re: Global Coronavirus Pandemic

Or the quarantine is an overreaction response to try to show it's doing something. Lots of blow back happening in PRC as well.
by medic
Fri Jan 24, 2020 3:31 am
Forum: Personal Consumer Issues
Topic: Which of these two water heater would be cheaper to run and why?
Replies: 31
Views: 2514

Re: Which of these two water heater would be cheaper to run and why?

Average flow rate for a shower is 2.1gal/min. Figure half of that is hot water, but will depend on how hot your set the water heater to and how warm your showers are. Taken very simply, that means a 19 gal tank will give you a ~19 minute shower. Then there will be recovery time for the element to he...
by medic
Fri Jan 24, 2020 3:11 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 48
Views: 7894

Re: I am not very good at my job

If you're underperforming, your manager probably has already noticed. If you've been there a year, have you had an annual review yet? If you're mid-cycle and worried about this, approach your boss more open ended. Ask him "I've been here a year now, and I wanted to get a sense if I'm on track?" What...
by medic
Tue Jan 21, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance NJ
Replies: 6
Views: 440

Re: Umbrella Insurance NJ

Not sure on state laws in NJ on what protections are offered for homestead, IRAs, 401ks, etc. Generally primary home is protected. 401ks are generally also protected. IRA protection varies significantly. Other real estate is open season. There a bit of a balance on what a possible judgement would be...
by medic
Thu Jan 16, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6619

Re: How to reduce spending -- suggestions?

Before you go the route of linking all your credit cards and stuff to an online system, take a month and just stuff all the receipts for things you buy into an envelope. At the end of the month, make piles of the different spending areas, and then add up the categories. For the top 3, maybe you need...
by medic
Wed Jan 15, 2020 10:46 am
Forum: Personal Investments
Topic: where to invest $50-100k
Replies: 5
Views: 486

Re: where to invest $50-100k

I have significant surplus "emergency" funds that I would like to invest rather than leaving in a money market account earning 1.7%. Where would be a good place to invest $50-100K? We are already maxed out on 401K, can't contribute to a Roth IRA, saving for college etc. This is excess discretionary...
by medic
Wed Jan 15, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortgage? Is Interest Really 4%
Replies: 31
Views: 4447

Re: Pay Down Mortgage? Is Interest Really 4%

If you pay OFF the house, your reduce expenses. If you merely pay it DOWN , you lose access to the money, but your monthly mortgage payments remain the same. So don't do it that way. While payment stays the same, portion of principal goes up so benefit to you increases. If expenses are the concern,...
by medic
Tue Jan 14, 2020 1:20 am
Forum: Investing - Theory, News & General
Topic: Creating guaranteed tax loss?
Replies: 6
Views: 834

Re: Creating guaranteed tax loss?

How much gain are you talking about and are they LTSG or STCG (at what rate)?
One option is a QOZ fund which can let you offset/avoid the paying the tax gain entirely. It's a long term play.
by medic
Sat Jan 11, 2020 5:56 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 115064

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

The point about Warren B's frugality is correct, but that he has lived on $100,000K for years and years isn't exactly right. C'mon...he lives off the BerkHath perks. Not that he shouldn't or doesn't deserve it; I'm just saying that it's mythology that one of the very richest people in the world liv...
by medic
Sat Jan 11, 2020 5:41 am
Forum: Personal Consumer Issues
Topic: Capital gain and need-based college scholarship
Replies: 22
Views: 1236

Re: Capital gain and need-based college scholarship

FAFSA uses the prior-prior year tax info for computing aid(2019-20 school year aid is based on 2017 tax year). A home sale will show the excess equity in your taxes, so it will be part of the calculation. To manage this, you would need to make an appeal case to the financial aid officer. If the mone...
by medic
Wed Jan 08, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you mentally process stupid ways of losing money?
Replies: 84
Views: 7374

Re: How do you mentally process stupid ways of losing money?

Speeding tickets have always been #1 on my Stupid tax hit parade. I had an econ professor in college that felt this way until she calculated the "cost" of the tickets. It was advantageous for her to speed and just pay the fine for when she was occasionally caught than to drive the speed limit daily...