Search found 536 matches

by whitemiata
Wed Nov 18, 2015 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance / Guardian etc for family with young children
Replies: 12
Views: 1433

Re: Life Insurance / Guardian etc for family with young children

What we did. First, we discussed the situation with the potential guardians several times to make sure they were truly 100% in, and understood the ramifications of what they would be doing. Second, we set up a will with an estate planning attorney,with a testamentary trust with a bank as trustee to...
by whitemiata
Wed Nov 18, 2015 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance / Guardian etc for family with young children
Replies: 12
Views: 1433

Re: Life Insurance / Guardian etc for family with young children

Oh and I just want to add that I DID add quite a few of the tips that many of you brought up even in my first Quicken-made version :) So for instance, I wrote a letter to the primary trust administrator and alternate trust administrator explaining that I want a reasonable portion of the estate, I sa...
by whitemiata
Wed Nov 18, 2015 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance / Guardian etc for family with young children
Replies: 12
Views: 1433

Re: Life Insurance / Guardian etc for family with young children

So.... an update - don't you hate it when someone comes to ask a question... gets TONS of AWESOME advice... and then they just vanish into thin air? Well... I didn't quite vanish. I read every single post, made a bunch of notes... ended up going down a bunch of paths of research reading up on a lot ...
by whitemiata
Wed Nov 04, 2015 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance / Guardian etc for family with young children
Replies: 12
Views: 1433

Life Insurance / Guardian etc for family with young children

Hi! I searched and came up with quite a few thread by people without kids looking to leave stuff to charity but coudln't come up with anything that mirrors our situation... which should be super-common. We have 4 children all under age 11... We have two life insurance policies (one for me and one fo...
by whitemiata
Tue Sep 15, 2015 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new house - Should I rent out my current house or sell?
Replies: 39
Views: 3837

Re: Buying a new house - Should I rent out my current house or sell?

Couple of thoughts: 1. I've now owned a rental for 10 years (one for 6, got rid of that, current one for 3). I've also run my own small business. Those who compare owning one or more rentals to running a small business are clearly thinking about a lemonde stand. There is absolutely NO comparison at ...
by whitemiata
Mon Sep 07, 2015 2:01 am
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

Money is fungible. if: 1. you are investing with an expectation of long term returns significantly higher than 0.74% 2. you can afford to pay the monthly payment as most people who would be able to follow the no-loan-peeps' recommendation to pay cash and start setting aside money for next car purch...
by whitemiata
Fri Sep 04, 2015 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

Yes, where exactly is everyone getting this guaranteed risk free 5% rate of return? Cause I want a piece of that sweet action Money is fungible. if: 1. you are investing with an expectation of long term returns significantly higher than 0.74% 2. you can afford to pay the monthly payment as most peo...
by whitemiata
Wed Sep 02, 2015 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

For a 25K car loan at 0.74% car loan and investing the extra cash vs paying it off is worth about $500 in extra cash at a 5% return on investments. This is with taking long term capital gains tax of 15% when you withdraw the cash as well as 15% capital gains tax on 2% dividends. I just don't think ...
by whitemiata
Wed Sep 02, 2015 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

For a 25K car loan at 0.74% car loan and investing the extra cash vs paying it off is worth about $500 in extra cash at a 5% return on investments. This is with taking long term capital gains tax of 15% when you withdraw the cash as well as 15% capital gains tax on 2% dividends. I just don't think ...
by whitemiata
Sun Aug 30, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

I'm amazed there are people who would recommend paying cash vs a ridiculously low 0.74% loan. of course I wouldn't keep the money in a 0.75% account... The point really is how much gain does OP really expect to snap up from leveraging his car loan? If he takes a safe investment like a CD he'll be l...
by whitemiata
Sat Aug 29, 2015 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 0.74% car loan or pay with cash?
Replies: 78
Views: 8227

Re: Take a 0.74% car loan or pay with cash?

I'm amazed there are people who would recommend paying cash vs a ridiculously low 0.74% loan.

of course I wouldn't keep the money in a 0.75% account...
by whitemiata
Fri Aug 28, 2015 10:05 am
Forum: Investing - Theory, News & General
Topic: What causes the price movement in INDEX ETFs?
Replies: 4
Views: 496

Re: What causes the price movement in INDEX ETFs?

I appreciate the replies but I'd be lying if I said that I'm much closer to a feeling of understanding. I might have this all wrong but I thought I understood how VFINX worked.... price is set once a day, PRESUMABLY based on the value of the underlying index. Buys and sells don't affect the price be...
by whitemiata
Fri Aug 28, 2015 9:12 am
Forum: Investing - Theory, News & General
Topic: What causes the price movement in INDEX ETFs?
Replies: 4
Views: 496

What causes the price movement in INDEX ETFs?

I've been searching for an answer to this question for a while and I can't find one. I think I understand how the price of a stock moves. Price is at $100 More people think it's worth less than $100 than more than $100. They make offers to buy at $99.90. Some sellers are persuaded to sell at that le...
by whitemiata
Sat Sep 27, 2014 6:32 pm
Forum: Investing - Theory, News & General
Topic: What's wrong with leverage?
Replies: 15
Views: 1718

Re: What's wrong with leverage?

Those were a LOT of great answers!!!! Thank you so much. I've looked into the costs and I believe they're more along the lines of the latest poster said in terms of bid/ask. I'm skeptical of the arugments that people think they'll hold on to a strategy but then will fall off the wagon. I'm sure that...
by whitemiata
Sat Sep 27, 2014 1:54 am
Forum: Investing - Theory, News & General
Topic: What's wrong with leverage?
Replies: 15
Views: 1718

What's wrong with leverage?

If I had $99100 (or so) I could: 1. Buy $99,100 worth of SPY or 2. Deposit the 99,100 in a futures trading account and buy one e-mini SP500 contract The two strategies should be essentially identical so I doubt that a lot of investors would advise strongly against the second. Now if I reduced how mu...
by whitemiata
Sun Sep 21, 2014 10:20 pm
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

Lever an apartment REIT 3:1 and you have a much more diversified version of a single family rental house. Might be my ignorance but I don't have knowledge of a way to leverage REIT 3:1 and certainly not a way to also capture the yield. Is there a way to do this? I know I can get REIT plus yield lev...
by whitemiata
Sun Sep 21, 2014 10:14 pm
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

Think about the costs an absentee landlord must pay. From full blown rental management companies, the standard quote is 10%+ of rental income. Now suppose a mutual fund decides to create their own management unit -- I suppose it's theoretically possible to get that number down to the 5%. (I found a...
by whitemiata
Sat Sep 20, 2014 10:11 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

Rental properties owned individually can be a terrific investment. In-laws of a family member did very well in both residential and commercial real estate. They did very well because they bought a lot of their properties when real estate was down in the early 1980's, they were very handy with tools...
by whitemiata
Sat Sep 20, 2014 9:28 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

nedsaid wrote:You could arrange for your fund company to call you at three in the morning to tell you that the toilet is plugged up.
LOL

That's why I'm expecting a lower return... I understand we have to hire a "Super" to handle that stuff ;)
by whitemiata
Sat Sep 20, 2014 9:25 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

we own a condo which happens to be the place we used to live in. I bought the place in 1998 for $52K. Lived in it thorugh mid 2012 and it's been rented since. It's currently worth around $100k. We have expenses somewhere south of $5k per year and rent it for $1200 a month.. for a profit of about $90...
by whitemiata
Sat Sep 20, 2014 9:04 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

The TIAA-CREF real estate fund sounds a lot like what you describe. But a garden variety REIT funds should also do the trick. Owning a REIT funds "feels" more risky than owning a house and renting it out. But that's just because a REIT funds is being "appraised" on a daily basis by the market. If y...
by whitemiata
Sat Sep 20, 2014 12:40 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

I looked it up and all I'm finding is a variable annuity from Tiaa Cref... Is there an actual mutual fund?
by whitemiata
Sat Sep 20, 2014 12:22 am
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Re: Why is there no mutual fund that truly behaves like rent

I guess because I haven't seen any reits that directly own properties I assumed that they couldn't take advantage of the inflation hedge provided by having a 30yr fixed mortgage with a set payment and the extreme likely hood that if significant inflation were to hit, collected rents would climb with...
by whitemiata
Fri Sep 19, 2014 11:06 pm
Forum: Investing - Theory, News & General
Topic: Why is there no mutual fund that truly behaves like rental?
Replies: 36
Views: 4105

Why is there no mutual fund that truly behaves like rental?

My understanding, and I could be wrong, is that there is no mutual fund out there that exposes you to the same kind of leverage, returns, inflation hedging as using the money to buy properties with leverage to then rent out as long term rentals. Am I wrong? If so, where is the "buy properties expect...
by whitemiata
Mon Apr 07, 2014 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Needed on Transitioning to DIY Passive Portfolio
Replies: 59
Views: 8862

Re: Advice Needed on Transitioning to DIY Passive Portfolio

Two things: 1. WRT his pension - you xpressed concern as to what happens if he were to pass before you (actuarily very likely, sadly for me LOL) ... does his pension not provide a YOU and SPOUSE option? The pension at my work does... if you elect that option the pension benefit decreases (given your...
by whitemiata
Tue Feb 25, 2014 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting equity in existing rental property
Replies: 3
Views: 369

Reinvesting equity in existing rental property

I'm curious to know if anyone here knows whether it's even possible to do what I'd like. Ok so we own a property that we used to live in and now rent out. "Unfortunately" in my quest to become more fiscally responsible I actually paid the property off. It's worth somewhere around $100k. We are curre...
by whitemiata
Mon Jul 09, 2012 2:00 pm
Forum: Investing - Theory, News & General
Topic: Does investing in REIT reflect leverage benefits?
Replies: 5
Views: 633

Re: Does investing in REIT reflect leverage benefits?

You might be correct to assume that inflation would be a necessary component of a recovery, but why do you then assume that this recovery is inevitable within a reasonable time-frame? It appears that you already leverage with a home, you decided to use leverage to buy a car, and you feel that you d...
by whitemiata
Mon Jul 09, 2012 1:54 pm
Forum: Investing - Theory, News & General
Topic: Does investing in REIT reflect leverage benefits?
Replies: 5
Views: 633

Re: Does investing in REIT reflect leverage benefits?

A couple of clarifications... I'm not predicting hyperinflation in 2 years or anything... and I'm therefore not looking for some sort of crazy tilting bet here... most of the people I know who are wealthy on both sides of my family, own properties that they get rental income from... so I always look...
by whitemiata
Mon Jul 09, 2012 12:09 pm
Forum: Investing - Theory, News & General
Topic: Does investing in REIT reflect leverage benefits?
Replies: 5
Views: 633

Does investing in REIT reflect leverage benefits?

Short story: I'm convinced that the only way we're going to move past the housing problem will be a wave of higher-than average inflation... to essentially enable some portion of the underwater homeowners to become magically "above water" I do have some holdings in TIPS (Vanguard's fund) but from wh...
by whitemiata
Fri Oct 22, 2010 11:28 pm
Forum: Personal Consumer Issues
Topic: help with 5th grade math problem
Replies: 59
Views: 7205

shouldn't the solution simply be found by:

solving this:

(1000*a+100*b+10*c+d)*e=(1000*f+100*g+10*h+i)
a<>b
a<>c
a<>d
...
a<>i

b<>c
b<>d
b<>e
..
b<>i
...
...
h<>i
a>=1
a<=9
b>=1
b<=9
...
i>=1
i<=9

should be simple. I bet I could solve it in under 47 hours.

;)
by whitemiata
Sun May 02, 2010 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate/investments/ShortSale/Forclosure question
Replies: 3
Views: 1034

Real estate/investments/ShortSale/Forclosure question

I know I need to talk to a legal professional... not expecting an answer here but actually a pointer as to what kind of lawyer I should consult for this... real estate lawyer? Estate lawyer? Bankrupcy Lawyer? Some other kind? Ok so here's the situation. we own a (very small) home free an clear. we a...
by whitemiata
Fri Apr 16, 2010 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for Daughters' weddings?
Replies: 4
Views: 1474

Re: Investment accounts for Daughters' weddings?

I have learned a lot from this forum the last few years-many thanks! I have two daughters (only 5 and 6). As the ultimate planner, I am already thinking about weddings. I am already saving (adequately I hope) for retirement and the girls education (529). What is the best way to save/pay for future ...
by whitemiata
Fri Oct 30, 2009 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Windows 7
Replies: 87
Views: 14009

I can't believe some of you upgraded over Vista.

That's like building your new home right on top of a big turd.

Of course it's pretty obvious that Windows7 is little more than Vista SP3 ... but still.
by whitemiata
Fri Oct 30, 2009 9:33 am
Forum: Personal Consumer Issues
Topic: Florida-East or West North or South?
Replies: 39
Views: 9272

I would recommend Hollywood Florida. Happens to be where I live, but I'm not the major attraction LOL. It's located just south of Fort Lauderdale, just north of Miami. So you have easy access to both metro areas, and fairly easy access to West Palm farther north and the Keys farther south. Compared ...
by whitemiata
Fri Oct 09, 2009 12:31 pm
Forum: Personal Consumer Issues
Topic: Good entry-level DSLR?
Replies: 51
Views: 8005

... but I would definitely get that rather than the 18-200 you mentioned (of course then you'd have to swap lenses... oh well such is life with a DSLR) As a serious amateur and very happy owner of a 40D, I agree with almost everything whitemiata has said. One thing I respectfully differ on though, ...
by whitemiata
Thu Oct 08, 2009 10:13 am
Forum: Personal Consumer Issues
Topic: Good entry-level DSLR?
Replies: 51
Views: 8005

Cannedham, congratulations on your purchase. I'm sure you'll enjoy your camera and it will help you create some wonderful memories of your new baby. I would very strongly advise that you do heed the advice to go buy the 50 1.8 lens to use in low light situations and to create stunning portraits. The...
by whitemiata
Wed Oct 07, 2009 9:17 pm
Forum: Personal Consumer Issues
Topic: Best Nikon lens for travel?
Replies: 17
Views: 3737

Re: Best Nikon lens for travel?

... So that would require 18 to 65 on a DX cropped camera. which is precisely why (well aside from it being a possible backup in case of catastrophic lens problems with my pro glass) I keep the not all that impressive Canon 17-85 IS around. Never know when I might want somehting light (LOL... it's ...
by whitemiata
Wed Oct 07, 2009 6:42 pm
Forum: Personal Consumer Issues
Topic: Best Nikon lens for travel?
Replies: 17
Views: 3737

If I were carrying just one lens, it would be a 28-105mm...very versatile. http://www.letsgodigital.org/images/lenses/35/076b_nikon_28-105mm_f35-45.jpg That's a fantastic range on full frame. I guess I'm a bit of a wide angle lover - I have a Canon EF-S 10-22 that I've hacked to work on a full fram...
by whitemiata
Tue Oct 06, 2009 8:01 am
Forum: Personal Consumer Issues
Topic: Best Nikon lens for travel?
Replies: 17
Views: 3737

Re: Best Nikon lens for travel?

I will be taking an extended trip and have a Nikon D40 with the 18-55 mm zoom. I also own the 35 mm DX lens for less illumination. I was wondering what the photographers on the forum think about just taking a 55-200 zoom with the 35 mm lens for night time, vs. purchasing the very expensive and heav...
by whitemiata
Tue Oct 06, 2009 7:48 am
Forum: Personal Consumer Issues
Topic: Good entry-level DSLR?
Replies: 51
Views: 8005

One more thing

The recommendation to check out Dpreview.com is a good one, as is to check out Ken Rockwell. They are both excellent resources. That being said, the emphasis is constantly put on ultimate image quality, dynamic range, noise, etc. Now I'm not going to sit here and tell you that those things are point...
by whitemiata
Mon Oct 05, 2009 2:29 pm
Forum: Personal Consumer Issues
Topic: Good entry-level DSLR?
Replies: 51
Views: 8005

Re: Good entry-level DSLR?

Hi all, My wife is going to deliver our first child in about 6 months, and we're going on a vacation in 2 weeks. I figured now is a great time for me to buy a DSLR so I can take some fun vacation shots on the beach and in nature, and also take lots of baby action shots down the road. I've been usin...
by whitemiata
Wed Sep 16, 2009 2:21 pm
Forum: Personal Consumer Issues
Topic: Mac vs PC
Replies: 127
Views: 20299

I'm a windows user both at home and at work. For the money there is no doubt that you can get more computer from a Windows machine than a Mac. That said... Macs are much better looking - I don't think it's unreasonable for that to play a role, every other appliance is sold on features and LOOKS, I d...
by whitemiata
Tue Apr 14, 2009 6:29 am
Forum: Personal Consumer Issues
Topic: Laptop Advice Redux
Replies: 10
Views: 1767

We recently replaced a 14" laptop with a Dell Mini. 9" screen!!! The 9" with the browser in full screen mode is perfect for reading email, browsing of not-extremely complicated websites, facebook stuff etc. my wife loves the ridiculous portability (you can easily hold it with one hand from an edge, ...
by whitemiata
Mon Apr 13, 2009 7:26 am
Forum: Personal Consumer Issues
Topic: At what age can a child learn to ride a tricycle?
Replies: 26
Views: 4326

Re: At what age can a child learn to ride a tricycle?

My grandaughter will be four April 15th. She's in the Philadelphia area and I'm in Florida so I don't see her on a day to day basis. And frankly, I forget at what age I first got a tricycle and the same for my son and daughter. Her mother maintains a daily blog so I am up to date on intellectural s...
by whitemiata
Wed Mar 11, 2009 3:17 pm
Forum: Forum Issues and Administration
Topic: degrading posts not good for us
Replies: 30
Views: 5503

I can't say I've read anything on these boards that I've found offensive. But if I did, I would definitelly PM the moderators rather than start a thread about the posts. The only thing that's more annoying than an inappropriate post is a post ABOUT inappropriate posts that doesn't LINK to the darn i...
by whitemiata
Thu Mar 05, 2009 8:57 pm
Forum: Investing - Theory, News & General
Topic: Jon Stewart ridicules CNBC on Daily Show
Replies: 99
Views: 16415

TheBigRagu wrote:Real name is Jon Leibowitz, fwiw.
Not sure how that fits into the conversation (what's his shoe size?)

But your statement is factually incorrect.

His legal name is in fact Jon Stewart... wife's last name is Stewart too.
by whitemiata
Thu Mar 05, 2009 2:31 pm
Forum: Investing - Theory, News & General
Topic: Jon Stewart ridicules CNBC on Daily Show
Replies: 99
Views: 16415

Hi, I don't have cable so I have never seen Stewart before. He is very funny and right on the mark. I don't have cable either... but we both have the internets... ...and the internets have Hulu. And Hulu has Jon Stewart. By the way... for those of you who just discovered Stewart... a must see is to...
by whitemiata
Thu Mar 05, 2009 2:27 pm
Forum: Investing - Theory, News & General
Topic: Jon Stewart ridicules CNBC on Daily Show
Replies: 99
Views: 16415

ryuns wrote:
Graybeard wrote:
Gekko wrote:i can't stand john stewart or colbert.

+1
-2. Laugh a little bit, will ya?
Colbert takes some time to warm up to (IMHO) ... but to not enjoy Jon Stewart you'd actually have to BE Sean Hannity ;-)

I think even O'Reilly secretly tivos Stewart.
by whitemiata
Wed Mar 04, 2009 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Do children HAVE to change public schools if family moves?
Replies: 27
Views: 3708

Re: Do children HAVE to change public schools if family move

1. A home that is close to work (we value family time a lot and enjoy being able to walk home from work together, have lunch together every day etc) 2. Good schools for the kids 3. Continuing our one income lifestyle The three desires aren't easy to reconcile. The neighbourhoods with good schools a...
by whitemiata
Tue Mar 03, 2009 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Minivan suggestions
Replies: 48
Views: 7930

We test-drove every minivan on the market before settling on a 2008 Sienna. The most interesting experience was with I believe a Hyundai ... as I'm driving the car my wife started playing "KID" in the back seat... pushed the button to activate the sliding doors, and the van doesn't open the door (as...