Search found 807 matches

by nimo956
Mon Jan 25, 2021 12:42 am
Forum: Personal Investments
Topic: Keeping money in Australian dollars/investments
Replies: 2
Views: 229

Keeping money in Australian dollars/investments

I am a US citizen and 1.5 years ago, I married my partner who is from Australia. We live and work in the US and have most of our savings/investments here. However, he still has about $250k AUD in Australia (about $200k AUD in Vanguard and $50k AUD in cash). I'm mainly trying to decide whether we sho...
by nimo956
Sun Jan 17, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Second Stimulus Question
Replies: 2
Views: 560

Second Stimulus Question

My mother still has not received her second stimulus check yet. In 2019, my father passed away, she filed MFJ, and her AGI was $112k. Her AGI for 2020 will be below $75k. The first stimulus check was direct deposited, but I’m not sure why the second hasn’t been received yet. Do we just need to wait ...
by nimo956
Wed Jan 13, 2021 11:50 am
Forum: Personal Consumer Issues
Topic: Power is Out - Do you Know How Long Food Lasts in Fridge?
Replies: 39
Views: 2093

Re: Power is Out - Do you Know How Long Food Lasts in Fridge?

Eggs should be fine at room temperature for a while, but if you are worried make hard boiled eggs.

If you are worried about milk expiring, you could make yoghurt or cheese.

Meat in the refrigerator should be cooked.

As others have said, keep the doors closed as long as possible.
by nimo956
Sun Jan 03, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying expensive home vs cheap home and renovation
Replies: 50
Views: 3528

Re: Buying expensive home vs cheap home and renovation

By way of background, I got a graduate degree from an Ivy League school in the late seventies and immediately signed up to work as a laborer with a friend doing general construction and remodeling. Many people (most especially my future mother in law) thought that was nuts. But now, some 40 odd yea...
by nimo956
Fri Jan 01, 2021 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Powerball- Mega Million Near 400M
Replies: 28
Views: 2462

Re: Powerball- Mega Million Near 400M

The drawings aren’t on the same day, so at least wait until one of them has a jackpot winner and buy a ticket for the other one.

That will guarantee your ticket has the highest potential jackpot possible.
by nimo956
Thu Dec 31, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: International Wire transfer
Replies: 10
Views: 525

Re: International Wire transfer

Another +1 for TransferWise. Fees were about 1/4 that of banks last time I looked.
by nimo956
Wed Dec 30, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12700

Re: What did you spend in 2020?

Income = $160k; MFJ in NNJ

Investments = $64k (40%)
Rent + Util = $40k (25%)
Taxes = $32k (20%)
Shopping + Takeout = $10k (6%)
Groceries = $7k (5%)
Insurance = $7k (4%)
by nimo956
Sat Dec 19, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: “Refuse” employer bonus?
Replies: 88
Views: 5983

Re: “Refuse” employer bonus?

What would happen if you sign the document and refuse to pay anything back until they correct your W2? Are they really going to spend money on lawyers and drag it out for months in court over an accounting adjustment they could easily make themselves?
by nimo956
Sat Dec 19, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: What coverage should we be buying (29y/o high earners)
Replies: 7
Views: 894

Re: What coverage should we be buying (29y/o high earners)

You should also look into private long term disability insurance, rather than rely on what your employer provides. Search for posts by Brudude on this forum.
by nimo956
Fri Dec 18, 2020 11:52 am
Forum: Investing - Theory, News & General
Topic: How overvalued is this market right now?
Replies: 90
Views: 7211

Re: How overvalued is this market right now?

Why are so many people trying to determine whether the stock market is fairly valued or not? The market is always fairly valued in the sense that the current prices are at level at which investors are willing to buy and sell. There's nothing more to it. What the speculators are trying to determine,...
by nimo956
Fri Dec 18, 2020 10:29 am
Forum: Investing - Theory, News & General
Topic: Low mortgage rate vs. Inflation
Replies: 11
Views: 914

Re: Low mortgage rate vs. Inflation

I saw a YouTube video recently on living in Japan, and a couple in Tokyo were discussing their budget. They said they have 33 years left on their mortgage at 0.5%. I believe some countries, like Denmark, even have negative mortgage rates. There’s still plenty of room for 2.67% to go lower.
by nimo956
Fri Dec 11, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 10476

Re: Luxury clothes

I don't really need to dress up anymore since I haven't been into the office in 10 months, but when I did I used the following: Shoes https://www.skoaktiebolaget.com/ Socks https://meschaussettesrouges.com/?lang=en Misc items like socks, pocket squares, ties https://www.gentlemansgazette.com/shop/ h...
by nimo956
Tue Dec 08, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: Warm coat recommendations
Replies: 93
Views: 5057

Re: Warm coat recommendations

I found that many winter coats either end at the waist or above the knee, which is useless for protecting against the wind. I ended up having a full length wool coat made for me by this company: https://www.alandavid.com/ It definitely wasn’t cheap, I think around $1800 or so, but it’s incredibly wa...
by nimo956
Wed Dec 02, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice for interview with CEO
Replies: 48
Views: 4796

Re: Advice for interview with CEO

My company once had to appoint an interim CEO, and I sat down with him to give an overview of what my team works on. I found that he asked really difficult questions because they tended to be related to broader issues on whether the different divisions were structured appropriately. This is somethin...
by nimo956
Mon Nov 30, 2020 9:36 am
Forum: Personal Investments
Topic: Should I avoid having a balance in Trad IRA
Replies: 6
Views: 944

Re: Should I avoid having a balance in Trad IRA

Thanks for the suggestions.
by nimo956
Sat Nov 28, 2020 11:04 am
Forum: Personal Investments
Topic: Should I avoid having a balance in Trad IRA
Replies: 6
Views: 944

Should I avoid having a balance in Trad IRA

My current net worth is $770k, $300k of which is in an old employer 401k. These funds are invested in Vanguard index funds (Institutional shares), so I didn’t feel it was urgent to roll it over. My new employer has a 403b with Fidelity index funds, but it’s a smaller company, so there’s an admin fee...
by nimo956
Tue Nov 24, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: Electronic chess set
Replies: 48
Views: 3815

Re: Electronic chess set

I use lichess to play opponents online. If you really want to improve, you should play a few long time control games per week and analyze them thoroughly. I can also recommend the Chess Studio app on my iPad, which allows you to purchase electronic chess books. I’m not at the level yet where I can r...
by nimo956
Mon Nov 23, 2020 10:54 am
Forum: Personal Investments
Topic: Need advice for building a 100% fossil-fuel stock free portfolio
Replies: 95
Views: 3671

Re: Need advice for building a 100% fossil-fuel stock free portfolio

Vanguard has low cost sector ETFs, which I would weight to try to recreate the total market excluding energy companies. Communication Services- VOX Consumer Discretionary- VCR Consumer Staples- VDC Financials- VFH Health Care- VHT Industrials- VIS Information Technology- VGT Real Estate- VNQ Utiliti...
by nimo956
Wed Nov 18, 2020 3:19 pm
Forum: Investing - Theory, News & General
Topic: What is a High Earner bracket
Replies: 119
Views: 8697

Re: What is a High Earner bracket

Part of the problem is that there is a huge gap among high net worth individuals that isn't really acknowledged, which is why you get some people saying $1m/year in income isn't even high. If you consider someone with $1m net worth, $10m, $100m, and $1b (and there are even a few with $100b!), they w...
by nimo956
Mon Nov 16, 2020 1:47 pm
Forum: Personal Investments
Topic: Dry powder and total bond alternatives
Replies: 43
Views: 3374

Re: Dry powder and total bond alternatives

shuresm7b1 wrote: Mon Nov 16, 2020 1:40 pm So what bond funds have good yields and dont crater when stocks do? None?
You can eliminate credit and call risk by switching to a treasury only fund.
by nimo956
Fri Nov 13, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone else waiting on an IRS refund?
Replies: 16
Views: 1266

Re: Is anyone else waiting on an IRS refund?

My grandfather passed away last year and we filed a paper return for his estate in March 2020. He is due a refund of ~$600. The IRS website shows they received the return, but we are still waiting after 8 months.
by nimo956
Wed Nov 11, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Notes taking for math, computer science
Replies: 36
Views: 1787

Re: Notes taking for math, computer science

I’d recommend an iPad + Apple Pencil + Goodnotes/Notability

I like having all of my notes backed up on the cloud
by nimo956
Thu Nov 05, 2020 6:19 am
Forum: Personal Consumer Issues
Topic: Looking for a knife set
Replies: 99
Views: 6874

Re: Looking for a knife set

Check out this website: https://japanesechefsknife.com/ Rather than a knife set, you can do most of what you need with a chef’s knife (gyuto), petty knife, paring knife, and bread knife. I personally have the Hattori Forums FH series, recommended to me by a friend who is a chef. If you also want a C...
by nimo956
Fri Oct 23, 2020 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 112
Views: 6854

Re: Choosing a career

There are so many careers I wasn't even aware of in high school. It might be useful to discuss growth trajectories of different industries. In general, if you are in a mature industry that has low growth or is declining, it's more difficult for companies to increase profits on the turnover side, so ...
by nimo956
Mon Oct 19, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Still waiting for 2019 tax refund
Replies: 5
Views: 519

Still waiting for 2019 tax refund

My grandfather passed away in 2019, and my mother hired an accountant to file the tax return for his estate. We submitted the return in March, and are expecting a $600 refund. For some reason the accountant had to file by paper. I know the IRS has been backed up, especially with paper returns, but i...
by nimo956
Sat Oct 10, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: "Nice" furniture recommendations
Replies: 114
Views: 10769

Re: "Nice" furniture recommendations

I plan on having my furniture handmade when I move into my new house. This is someone I’ve found on the web I plan on reaching out to.

https://www.bissellwoodworking.com/
by nimo956
Sat Oct 03, 2020 10:41 pm
Forum: Personal Consumer Issues
Topic: Music Streaming Services
Replies: 62
Views: 6033

Re: Music Streaming Services

If you like classical music/opera there is:

Primephonic
Idagio
Met Opera on Demand
Medici.tv
by nimo956
Wed Aug 19, 2020 9:11 am
Forum: Personal Consumer Issues
Topic: Approach to "News" Consumption
Replies: 82
Views: 4730

Re: Approach to "News" Consumption

I no longer find reading the new a worthwhile use of my time. Instead, I focus on reading books, which includes longer and more detailed non-fiction history works. As an interesting anecdote to how the "news" works, I once wrote a short puff piece about a Google Doodle of the day. Within m...
by nimo956
Wed Aug 05, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Dealing with Father-in-Law's Medical Issues
Replies: 39
Views: 3845

Re: Suggestions for Dealing with Father-in-Law's Medical Issues

We just went through something similar with my grandfather. There was nothing wrong with him in particular, but at 100 years old, he became too frail to walk, and was essentially bedridden for 1.5 years before he passed away. During these 1.5 years, he was adamant that he wanted to stay in his home,...
by nimo956
Tue Jul 07, 2020 7:00 am
Forum: Personal Investments
Topic: Gift Taxes in MA
Replies: 2
Views: 257

Gift Taxes in MA

My mother lives in MA where the estate tax exemption is $1m. Unlike other states, the estate tax applies to the entire amount if over $1m. This means that if your estate is $1,000,001 you pay ~$37k, and if your estate is $999,999 you pay nothing. My mother’s estate is worth just over $1.3m ($0.5m ho...
by nimo956
Tue Jun 30, 2020 1:44 pm
Forum: Personal Consumer Issues
Topic: Your best Charity suggestion Please!
Replies: 22
Views: 781

Re: Your best Charity suggestion Please!

I recently discovered and personally support Rainbow Railroad. They are a small Canadian charity, who provide emergency travel and relocation assistance to LGBT people from countries where they face imminent threats to their lives. They receive no public funding and rely entirely on private donation...
by nimo956
Thu Jun 11, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: Forex Trading on Interactive Brokers vs. Transferwise vs. Bank Wire Transfer
Replies: 2
Views: 370

Forex Trading on Interactive Brokers vs. Transferwise vs. Bank Wire Transfer

I have relatives in Australia that would like to send money to me periodically in the US. They typically use international wire transfers through their bank, but I think this option has the highest fees/poorest exchange rate. I've read about options like Transferwise that seem to do the same thing, ...
by nimo956
Mon Jun 01, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: Non Fiction books for teenagers
Replies: 52
Views: 2843

Re: Non Fiction books for teenagers

These are mainly science/technology books. The last one on aliens is a very fun read! Superintelligence: Paths, Dangers, Strategies by Nick Bostrom Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of His Time by Dava Sobel If the Universe Is Teeming with Aliens ....
by nimo956
Wed May 13, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should we create a testamentary trust for $6M estate?
Replies: 199
Views: 10159

Re: Should we create a testamentary trust for $6M estate?

This is probably the part of the program where I remind viewers that, however generous the Federal exclusion currently is, some states are much stingier. MA’s lifetime exclusion is $1M, and it’s a cliff exclusion with a tax rate that quickly climbs to 16%. One wonders how such a law with a cliff ex...
by nimo956
Fri May 08, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Why is lump sum investment option better than DCA?
Replies: 156
Views: 6186

Re: Why is lump sum investment option better than DCA?

It's really much simpler than a statistical analysis: if you have a plan, you should execute your plan . If your plan is to be 70/30 stocks/bonds, but you're holding 100% cash instead, you're not following your plan. If that plan makes you nervous, you should ask yourself why. If the answer is that...
by nimo956
Tue Apr 28, 2020 1:59 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 24222

IMF COVID-19 Grant Scam

[Thread merged into here, see below. --admin LadyGeek] I just wanted to make people aware of a scam, which my mother nearly fell for today. She was contacted on Facebook Messenger by someone who set up a fake profile using the same name and profile picture as a relative. This person started talking...
by nimo956
Sat Apr 04, 2020 3:43 am
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 8994

Re: College choice dilemma

The most important thing that matters is your son’s performance in school. All of the consulting, banking, and software dev internships are extremely competitive and use GPA cutoffs before you can even be considered. The school ranking won’t matter if your son struggles to do well. If you get C’s at...
by nimo956
Thu Apr 02, 2020 7:41 pm
Forum: Personal Investments
Topic: Which fixed income Bond Fund would be best to use right now?
Replies: 42
Views: 3276

Re: Which fixed income Bond Fund would be best to use right now?

In my opinion, take risk on the equity side and keep bond quality high. Treasuries only, no credit risk, no call risk. All you have is interest rate risk. I prefer intermediate and long term treasuries. I set up my retired mother's portfolio to be 75% intermediate term treasury and 25% stock. She ac...
by nimo956
Sun Mar 15, 2020 4:29 am
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 15441

Re: So what does shutting down the US economy for a few months look like?

Here in Hoboken, NJ we've already declared a 10pm-5am curfew and the closure of all bars and restaurants outside of delivery.
by nimo956
Wed Mar 11, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Long Term Treasury Decline Wednesday
Replies: 4
Views: 463

Re: Long Term Treasury Decline Wednesday

There isn't a perfect negative correlation between long term treasuries and stocks. That means that there will be days when they both go down or up together. A sharp decline in stocks doesn't mean you'll always see a spike in LTT. Also, correlations change over time, so just because you see LTT offs...
by nimo956
Sat Feb 29, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: US-Australia Taxes and Trusts
Replies: 6
Views: 432

Re: US-Australia Taxes and Trusts

Thanks for all the advice. Does anyone know of a good CPA firm in the NYC area that handles tax preparation for people with foreign assets and trusts?
by nimo956
Wed Feb 19, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: US-Australia Taxes and Trusts
Replies: 6
Views: 432

US-Australia Taxes and Trusts

I'm trying to gauge whether or not my tax situation is complicated enough to warrant going to an accountant. I'm a US citizen living in NJ and working in NYC. Last year, I married an Australian citizen. He did not work last year, as he just received provisional approval to work in the US after apply...
by nimo956
Fri Dec 20, 2019 8:16 pm
Forum: Personal Investments
Topic: Large forex transfer from India ($100K+ )
Replies: 19
Views: 1787

Re: Large forex transfer from India ($100K+ )

Look into Interactive Brokers (search this thread viewtopic.php?t=231558)
by nimo956
Sun Nov 24, 2019 9:47 pm
Forum: Personal Investments
Topic: Tax questions for mother after both father and grandfather pass away
Replies: 11
Views: 1267

Tax questions for mother after both father and grandfather pass away

This has been a difficult year for my mother as both her father and husband passed away this year. I've come up with a new investment plan for her assets and need to sense-check it with the forum, especially some of the tax questions. Emergency funds: Yes Debt: $0 Tax Filing Status: MFJ in 2019 Tax ...
by nimo956
Tue Nov 12, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: Blankets/Bedding for Cold Winter Nights
Replies: 56
Views: 4128

Re: Blankets/Bedding for Cold Winter Nights

Get a Pendleton wool blanket
by nimo956
Fri Nov 08, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 65
Views: 6552

Re: Your Fantasy Kitchen (Cookware-wise)

Go to Japanese Chefs Knife for some good knives: https://japanesechefsknife.com/ My friend, who was a chef, recommends the Hattori FH Series. Either a Gyuto or Sujihiki can do 80% of what you need. After that get a bread knife, petty knife, and paring knife. For a cleaver, look at the CCK Cleaver (h...
by nimo956
Thu Oct 31, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 7163

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

Wow 60K is a lot of savings. "We don't have any of the above expenses so there's the difference right there." Does that mean you don't have any kids, do not travel much, don't own a car, and have very good health insurance? The good thing is that those expenses are estimates and go toward...
by nimo956
Thu Oct 31, 2019 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 7163

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

I have the same income, am married, and live outside of NYC. For comparison: Savings- $60k Housing, Util, and Insurance is about the same We spend slightly less on food/gas, though not by much. HVAC/Water Heater + Child Care + Travel + Car Sinking + Medical Sink + Expected Child = $2.2k We don't hav...
by nimo956
Mon Oct 28, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you ever wish you could help relatives improve their finances?
Replies: 12
Views: 1120

Re: Do you ever wish you could help relatives improve their finances?

What bothers me the most is that this isn't like falling prey to a used car salesman and overpaying on a car. That's a one-time mistake. You only get one shot at retirement. If you run out of money due to insufficient planning or excessive fees, there aren't really any remedies available to you in o...