Search found 2626 matches

by beyou
Wed Jul 17, 2019 6:46 am
Forum: Investing - Theory, News & General
Topic: Merrill Lynch = Thieves?
Replies: 23
Views: 2184

Re: Merrill Lynch = Thieves?

I doubt any legal agreement in place was specific to the advisor who passed away, and instead was an agreement with ML generally. I agree with the comments, just focus on the future. Do not waste your time fighting past bad decisions. The question going forward is how to handle things for a person w...
by beyou
Tue Jul 16, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 451
Views: 34845

Re: Talk me out of buying a Tesla Model 3

Quality issues ? https://www.theverge.com/2019/7/16/20695986/tesla-electric-tape-missing-nuts-bolts-production-targets-model-3 This is a non-issue, in my opinion. It's common knowledge that ALL automakers building cars in a PUP TENT cut corners / sacrifice quality. :mrgreen: And use tape to fix cra...
by beyou
Tue Jul 16, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5898

Re: Will you buy Total Bond with a negative yield?

In 2008/2009 there were stories of some banks not accepting deposits. I can't find the stories at the moment, but i do remember reading them. Banks have to pay FDIC insurance on their deposits, so at some point if rates go low enough the cant afford interest at all, or may deny deposits alltogether...
by beyou
Tue Jul 16, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

Boston is there too. A friend has a smallish 1 BR condo downtown he says is worth 800K.
I wouldn't even say it's in the most desirable area. Not terrible but not the most expensive in Boston either.
by beyou
Tue Jul 16, 2019 11:46 am
Forum: Personal Investments
Topic: Was going with AXA a bad move?
Replies: 32
Views: 1988

Re: Was going with AXA a bad move?

It's a shame, but so many friends and relatives are lost to insurance companies. They all recruit sales staff in order to gain access to their friends and relatives...so we get the inevitable pitches. I my case it was a kid's sports coach, a cousin and an uncle. One at at a high commission brokerage...
by beyou
Tue Jul 16, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 36
Views: 2682

Re: Buying a home; Very HCOL Area

To me seems risky, depending on the REASON it's HCOL. As said above, SV and NYC are HCOL due to concentration of high paying jobs in 2 industries. Not sure what the risks are in SV (maybe gov regulations) but for NYC there is no doubt many of the jobs are leaving NYC in the financial industry. This ...
by beyou
Tue Jul 16, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2645

Re: Being a hands off homeowner

It's definitely possible, but a lot of it depends on your personal attitude towards things. I've lived in my current home for a decade now and I haven't put anywhere near 1% per year into upkeep. I have a lawn service ($30 per week), I've redone two bathrooms, and I've had minor plumbing issues. Al...
by beyou
Mon Jul 15, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Paypal MC instead of Citi DoubleCash - 2% w/ more benefits
Replies: 16
Views: 1581

Re: Paypal MC instead of Citi DoubleCash - 2% w/ more benefits

You are worried about Paypal support ? Citi’s is horrible !
Not saying Paypal is better, but don’t assume same support as the main paypal service. Citi has calls answered in India and they read a script, frustrating was my every interaction with Citi support.
by beyou
Fri Jul 12, 2019 10:50 pm
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7145

Re: my mom is a "financial advisor"

I have worked at active managers most of my career.
I often see my coworkers logged into vanguard.com when taking a break, checking their accounts.
by beyou
Fri Jul 12, 2019 8:26 pm
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7145

Re: my mom is a "financial advisor"

Go to morningstar website and look at growth of $10k chart vs index/benchmark. Growth of $10k takes into account dividends. The fund suggested is destroyed by it’s index. Bad advice. Hopefully she at least told you to eat your veggies.
by beyou
Fri Jul 12, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12785

Re: Should I encourage my kids to work in high school/college?

One kid played a varsity sport and took all AP courses in HS, studying past midnight regularly. Never discussed a job. He later decided on his own he wanted to work and make money (during college, summer and part time during semester). Other kid sat and played video games in HS. Lack of money did no...
by beyou
Fri Jul 12, 2019 7:05 pm
Forum: Personal Investments
Topic: is Vanguard Flagship service better? (I sure hope so)
Replies: 28
Views: 2816

Re: is Vanguard Flagship service better? (I sure hope so)

The industry as a whole makes it more difficult to move funds than listed securities (stocks/ETFs). Similarly it’s more laborious to move retirement accts than taxable brokerage accts. This is due to regulation, and industry cooperation (or lack of) to automate. Once you are done moving, the service...
by beyou
Thu Jul 11, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Living Options
Replies: 52
Views: 5476

Re: NYC Living Options

Might consider areas in Queens like Forest Hill which is reasonably priced, close to Manhattan and train accessible. Also you can rent for a few months for a year to figure out the lay of the land then decide to buy a place. Co-Ops are the least expensive option and you can also sign up for the lot...
by beyou
Thu Jul 11, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: anyone here use BillPay?
Replies: 22
Views: 1202

Re: anyone here use BillPay?

Your doctors and other small businesses get a check in the mail from your bank, and takes them time to process. Bill pay does not help, and in fact you do have the cash withdrawn without credit. The main benefit in these cases is that the bank could investigate and replace the check if lost by your ...
by beyou
Thu Jul 11, 2019 2:22 pm
Forum: Personal Investments
Topic: Anyone else have VG phone reps push toward PAS?
Replies: 27
Views: 1915

Re: Anyone else have VG phone reps push toward PAS?

A few months ago my spouse called to get something done and was told about PAS. Our Vanguard assets would look terrible by themselves, but combined with the rest of our portfolio I think they look great. The Vanguard reps have no idea about our non-Vanguard assets. The main purpose of Portfolio Wat...
by beyou
Wed Jul 10, 2019 11:03 pm
Forum: Personal Investments
Topic: Anyone else have VG phone reps push toward PAS?
Replies: 27
Views: 1915

Re: Anyone else have VG phone reps push toward PAS?

A few months ago my spouse called to get something done and was told about PAS. Our Vanguard assets would look terrible by themselves, but combined with the rest of our portfolio I think they look great. The Vanguard reps have no idea about our non-Vanguard assets. The main purpose of Portfolio Wat...
by beyou
Mon Jul 08, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 10351

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

My wife and I have been taking care of her 90+ yo mother's bills and other affairs. Most of the repetitive ongoing works is done online from our home. My mother asked me same question, what happens when Dad is gone (not sure why she is so sure who will outlive who). I told her I could help her from ...
by beyou
Sat Jul 06, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Preparing my wife for financial life without me.
Replies: 95
Views: 10559

Re: Preparing my wife for financial life without me.

My advice is to make a spouse run all the finances and money for at least 6 months while both spouses are alive and to alternate every 6 months. It's a good idea. I've tried. She's not interested. She will get plenty of advice from friends and family. Unfortunately, most of our friends and family d...
by beyou
Sat Jul 06, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 429

Re: Performing frequent ACATS question

Seems fine but subject to the practices of the specific brokers you are dealing with.
by beyou
Fri Jul 05, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4706

Re: Reservations about purchasing a 16 year old house

I have similar experience with contractors, can be difficult to get their cooperation. One of the few benefits to a full on depression, back in 2008-2010 had no problem getting contractors to show up ;-)
by beyou
Fri Jul 05, 2019 8:39 am
Forum: Personal Investments
Topic: Multiple HSA Account Question
Replies: 8
Views: 525

Re: Multiple HSA Account Question

Consolidation is always something to consider. You don’t really give enough info though. Usually one would pay more fees to leave funds in a old employer plan (employer paid them and now they will not). But there may also be fees to transfer out as well. That one time fee may be worth paying (to tra...
by beyou
Wed Jul 03, 2019 6:58 pm
Forum: Personal Investments
Topic: Months from Retirement, Gut Check, questions
Replies: 19
Views: 3062

Re: Months from Retirement, Gut Check, questions

I agree with your 50/50 allocation, not because of market conditions. I would increase later, as your federal pension and SS kicks in. If you have extra income you can take more risk. Until then conservative is fine.
by beyou
Tue Jul 02, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

If the assistant participated in her surgery, then his/her name should have been on the consent unless he/she was urgently consulted due to something that was found in the OR. Without the name being on the consent, I would say that he/she wasn't authorized to be in the OR and shouldn't be authorize...
by beyou
Tue Jul 02, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7287

Re: Healthcare Nightmare after wife's surgery

If the assistant participated in her surgery, then his/her name should have been on the consent unless he/she was urgently consulted due to something that was found in the OR. Without the name being on the consent, I would say that he/she wasn't authorized to be in the OR and shouldn't be authorize...
by beyou
Tue Jul 02, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pursued the wrong career?
Replies: 27
Views: 4509

Re: Pursued the wrong career?

This may not be what you want to hear, but I think that some of your reasons for the change are going to be true in many careers/industries. Most people I know tell their kids to go into a different line of work, because by the time you are old enough to give career advice to your kids, you are past...
by beyou
Tue Jul 02, 2019 3:00 pm
Forum: Personal Investments
Topic: Vanguard transition to brokerage account
Replies: 12
Views: 1392

Re: Vanguard transition to brokerage account

I just ignore the repeated requests....and will continue to do so. I have employment related reasons I must ignore this, Vanguard knows what they are and fully accepts them. They even let me open a new non-brokerage fund-only account just recently. Don't be fooled, this is not required, but there ar...
by beyou
Tue Jul 02, 2019 2:57 pm
Forum: Personal Consumer Issues
Topic: Frontier or Spirit Airlines
Replies: 51
Views: 3009

Re: Frontier or Spirit Airlines

Flew Frontier last year. My flight was around 8am, while waiting for the boarding, they told us that the mechanic who will do the final check had not yet arrived at the airport so we had to wait. They gave us frequent updates as to the location of the mechanic's car enroute to the airport. When he f...
by beyou
Sun Jun 30, 2019 10:31 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 15109

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

I have neither, it is a company 401k that offers a handful of non-Vanguard funds. Global usually refers to US AND non-US. INTERNATIONAL usually refers to non-US. Not a law, just a fund industry custom. Mine is US and non-US in one fund. They are also not so highly correlated with each other (US and ...
by beyou
Sun Jun 30, 2019 10:27 am
Forum: Investing - Theory, News & General
Topic: Why isn't the distribution yield a valuable number? (for VWIUX)
Replies: 37
Views: 2279

Re: Why isn't the distribution yield a valuable number? (for VWIUX)

SEC yield is a regulated calculation that allows comparison of funds on a equal basis. The exact cash flow of a bond fund can vary for many reasons. If you want to know the EXACT cash you will receive, buy US Tsy bonds and not a fund. Not recommending that, but making a point. The yield should be th...
by beyou
Sun Jun 30, 2019 6:15 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 15109

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

Simple minded reason I have a global reit fund in my 401k. Wanted some equity in tax deferred to deal with my aversion to taking capital gains in taxable, preventing me from rebalancing. I had choices of funds highly correlated with Total Stock or Total Int or Total World, vs something less correlat...
by beyou
Sun Jun 30, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 5957

Re: Relocate to Seattle or NYC

Long time NYer and work in programming/fin services. One thing to consider is that many financial services firms are moving IT and other jobs AWAY from NYC region. They want to save in real estate, corp taxes, personal taxes etc. Your job could easily be relocated after moving here. My employer indi...
by beyou
Sat Jun 29, 2019 9:01 am
Forum: Personal Investments
Topic: Does anyone tilt away from the industry they work in?
Replies: 37
Views: 1947

Re: Does anyone tilt away from the industry they work in?

Best to just limit your exposure to your specific company. I sell my employer stock asap when allowed to do so. I tried to cap my exposure on in-the-money NQ options. But it took a bit of work because I was an insider and had restricted trading windows. I also excluded all my option position from a...
by beyou
Sat Jun 29, 2019 7:26 am
Forum: Personal Investments
Topic: Does anyone tilt away from the industry they work in?
Replies: 37
Views: 1947

Re: Does anyone tilt away from the industry they work in?

Makes your investing more complex, not worthwhile for most. One could buy sector funds to create your own partial index (excluding a sector), which likely excludes too much. Then rebalancing is trickier. Best to just limit your exposure to your specific company. I sell my employer stock asap when al...
by beyou
Sat Jun 29, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

Only lease if you want a new car every 2-3 years. Buying makes sense if you keep a car lo long term How does one know how long you may want to keep the car ? Not purely a financial decision. What if it’s a lemon ? What if it’s the best car you ever owned a dont want to give it up ? Life events can ...
by beyou
Sat Jun 29, 2019 7:11 am
Forum: Personal Investments
Topic: Which Bond Fund to Choose in 401k?
Replies: 17
Views: 1457

Re: Which Bond Fund to Choose in 401k?

Short term bond funds are named appropriately, for short term investing (saving for next car or home downpayment, renovations). Inflation funds make most sense to me when you are older and want to significantly reduce equities, some of that should go to TIPS, not all. But with almost no bonds now an...
by beyou
Fri Jun 28, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 84
Views: 5705

Re: Lease vs Buying a Car

I have never leased, always buy and hold a very long time. I have been considering leasing in the future for non-financial reasons. I have lost faith in the auto manufacturing process. Once upon a time (1990s) you could look at reliability records, and buy something like a Toyota with a high level o...
by beyou
Fri Jun 28, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 401
Views: 51111

Re: Losing a job in your 50's...

Technical staff can work for a long time if they have the passion for it. Dream on. How many 50 or even 40 year olds do you think make it into interviews by a twentysomething let alone survive the interview. You are conflating two things that aren’t actually linked. Indeed if in your 50s you are do...
by beyou
Fri Jun 28, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Standalone Umbrella Policy
Replies: 11
Views: 968

Re: Standalone Umbrella Policy

I wonder if there isn't an advantage to having one firm for your renters and umbrella.
I would try to get non-owners car, renters and umbrella from one firm.
Should you be sued, I think it simpler to have one firm representing you in the case.
by beyou
Fri Jun 28, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 99
Views: 14599

Re: Moving to North Carolina from NYC

Whenever I see a question like this, my first reaction is "please, don't." DW and I are both Southern. We moved to Durham after college, in 1976. We voted with our feet in 2001, moving to Raleigh. We're "at home" in NC culture, and particularly like the culture and attitudes of the "educated South....
by beyou
Thu Jun 27, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Open an HSA at age 63?
Replies: 9
Views: 494

Re: Open an HSA at age 63?

I just started contributing at 54 and wonder whether it's worth it. While I am not as near to medicare as you, I also have a limited timeframe to contribution most likely. Layoffs may force me to go on ACA and the ACA plans locally are not HSA eligible. That said for this year I am not using HSA for...
by beyou
Wed Jun 26, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12737

Re: How did you lower your annual expenses?

Never had cable, Netflix, Hulu, Roku, whatever. Alwyays had cheapest possible internet for home. This helps keep the kids out of the house and over at friends, too. BTW, my kids texted me this morning, so I certainly haven't alienated them. :) Sounds like they are victims of Stockholm syndrome.
by beyou
Wed Jun 26, 2019 2:48 pm
Forum: Personal Consumer Issues
Topic: Hiring landscapers that do a great job
Replies: 18
Views: 1400

Re: Hiring landscapers that do a great job

You need a gardener. You don't need a company you need a one-man-band. Could be a guy that does lawns in the neighborhood. Ask youe neighbors. + 1 Fired a company where the owner never showed, never returned phone calls. Next door neighbor hired a gardener, who did a fantastic job on their property...
by beyou
Wed Jun 26, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax: can’t log in
Replies: 30
Views: 1332

Re: Equifax: can’t log in

They told me they stopped using the PIN and it was no longer valid. Similar experience for me, different members of the family all had to call and all had different experiences in how quickly they could setup a new web based account. My adult kids had to send in documentation and wait weeks. I had t...
by beyou
Wed Jun 26, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Equifax: can’t log in
Replies: 30
Views: 1332

Re: Equifax: can’t log in

Before applying for a credit card, google to find out which credit reporting bureau they use. If it's equifax, pick a different issuing bank. Then you never have to login to Equifax site again to unfreeze ! I think they really don't want to allow you to unfreeze so unless you jump through many hoops...
by beyou
Wed Jun 26, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 37
Views: 3125

Re: Life after COBRA - selecting new health insurance

HDHP does not necessarily mean HSA eligible.
There are apparently other criteria besides high deductible to be HSA eligible.
All the ACA options in my area are very high deductible but not HSA eligible, per the exchange.
by beyou
Wed Jun 26, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Vision Insurance for ONLY (dependent) Spouse
Replies: 11
Views: 427

Re: Vision Insurance for ONLY (dependent) Spouse

Many vision insurance plans are employee-pay-all. If yours is that way, I can’t imagine that you’ll come out ahead if only one of you is using the benefit. Employers likely get a group discount. I find the VSP plan barely worthwhile with my employer's plan. Essentially you prepay for annual exam (w...
by beyou
Tue Jun 25, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone knew the answer where the money is
Replies: 29
Views: 4729

Re: Anyone knew the answer where the money is

This is why I dont read the
thread on brokerage transfer bonuses !

I have done few transfers (for other reasons than bonus) and it’s never smooth when it comes to ira or 401k accts. It does work out but you need to be patient and have a very good reason to put yourself through this !
by beyou
Tue Jun 25, 2019 3:40 pm
Forum: Personal Investments
Topic: Want to switch from TDFs to 3-fund with taxable account
Replies: 5
Views: 502

Re: Want to switch from TDFs to 3-fund with taxable account

Read the wiki on asset location https://www.bogleheads.org/wiki/Tax-efficient_fund_placement I treat my IRA/401k/taxable as one big pool of assets, and buy taxable bond funds and REITS in my tax deferred. I buy index equity and muni bond funds in my taxable. Treat entire pot as one and monitor my AA...