Search found 236 matches

by investorjunkie
Wed Oct 17, 2012 7:27 pm
Forum: Personal Consumer Issues
Topic: Anyone using Quicken 2013?
Replies: 77
Views: 17840

Re: Anyone using Quicken 2013?

This is off-topic but somewhat related. Has anyone explored Mint as an alternative to Quicken? It's sort of curious but Quicken owns Mint. Intuit owns both. Mint.com is really geared towards younger investors, but with fewer assets/investments. Quicken is really geared towards the full gambit, and ...
by investorjunkie
Wed Oct 17, 2012 7:21 pm
Forum: Personal Consumer Issues
Topic: Anyone using Quicken 2013?
Replies: 77
Views: 17840

Re: Anyone using Quicken 2013?

I just reviewed Quicken 2013 on my site: [Commercial link removed by admin LadyGeek] Overall I like it. I like the mobile integration and alerts. While it's concerning how many patches they have now (up to R5), look at the bright side they are actively getting input from users and fixing the problem...
by investorjunkie
Tue Sep 04, 2012 7:30 am
Forum: Investing - Theory, News & General
Topic: Financial Blogger Conference
Replies: 6
Views: 1014

Re: Financial Blogger Conference

I'll be there! See all there and will be great to talk in person.
by investorjunkie
Sat Aug 04, 2012 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1679

Re: Recommendations for brokerage firms

Hi, I've looked into a few brokerage firms. Options House, Trade King, and Zecco seem to have the lowest fees ($4-$5 per trade) (though I may have missed some of the stuff they tack on). Other than that, Scottrade ($7 per trade) has okay fees and a solid reputation. I briefly looked into ShareBuild...
by investorjunkie
Sat Jun 30, 2012 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. Scottrade
Replies: 28
Views: 21422

Re: Vanguard vs. Scottrade

^Ah, yes, the SmartMoney "review". I suspect ratings are based on advertising dollars spent at SmartMoney. Actually at least according to the writer of the article this statement isn't true. It was Vanguard declined to participate in the survey. Though participate could mean "paid ad...
by investorjunkie
Sat Jun 30, 2012 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. Scottrade
Replies: 28
Views: 21422

Re: Vanguard vs. Scottrade

konungur wrote:I am currently reading as much as I can get my hands on about investing.


I suggest reading: "The Four Pillars of Investing" -William J. Bernstein

IMHO the best book on asset allocation for beginners.
by investorjunkie
Sat Jun 30, 2012 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. Scottrade
Replies: 28
Views: 21422

Re: Vanguard vs. Scottrade

^Ah, yes, the SmartMoney "review". I suspect ratings are based on advertising dollars spent at SmartMoney. Actually at least according to the writer of the article this statement isn't true. It was Vanguard declined to participate in the survey. Though participate could mean "paid ad...
by investorjunkie
Sat Jun 30, 2012 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs. Scottrade
Replies: 28
Views: 21422

Re: Vanguard vs. Scottrade

If you are going with just Vanguard funds then you are foolish IMHO to use another broker. BUT with that said Vanguard is a poor choice with other services (ie buying individual stocks). IMHO you should have accounts at multiple brokers. Not every broker can be everything, and each has their own fea...
by investorjunkie
Sat Jun 30, 2012 7:49 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein interview on Fixed Income/Bond Funds
Replies: 63
Views: 8079

Re: Bill Bernstein on Fixed income

No mention of I bonds either? Much better than TIPS especially in a taxable account.
by investorjunkie
Fri Jun 15, 2012 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

Speak to your state. Each state can approve/disapprove P2P lending. Basically the state is saying it's too risky of an investment. Keep in mind you CAN invest in the secondary market as a backdoor. Though I don't recommend do this for various reasons.
by investorjunkie
Fri Jun 15, 2012 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

I read this on another site, http://www.wiseclerk.com/service-fees-on-25-notes-t202.html Most of my notes are $25 in 3 year loans making the monthly payments around $0.75. Since LC rounds the service fee up, the actual service fee is can range from 1.1% to 1.6% on the sub $1 payments. I'm guessing ...
by investorjunkie
Fri Jun 15, 2012 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

I agree. I do not loan on businesses, cars or vacations on LendingClub. I pretty much stick to credit card consolidation (which, for all we know is used to fund small businesses) because at least it provides that the thought that some credit card company who knows more about underwriting than I do ...
by investorjunkie
Fri Jun 15, 2012 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

Lending clubs take what could easily be a diversified loan portfolio and undiversify the exposure by having you pick specific loans that you want to take on personally. The borrower presumably would be willing to pay the same interest rate - whether they were paying back a loan pool or an individua...
by investorjunkie
Fri Jun 15, 2012 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

I have also considered starting Roth IRA with Lending Club next year. They require $5,000 investment to get the no-fee Roth IRA. It would make more sense to keep the peer-to-peer lending inside of a Roth IRA for tax reasons. But my taxable investment could also serve as emergency cash source if I n...
by investorjunkie
Thu Jun 14, 2012 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 4061

Re: Lending Clubs

I've also a regular investor of Lending Club (no s) and been doing it for 3 years now. I have over $9k invested and earning approx 8.25%.

[Commercial link removed by admin LadyGeek]
by investorjunkie
Wed Jun 06, 2012 8:50 am
Forum: Personal Finance (Not Investing)
Topic: 15 or 30 year mortgage?
Replies: 53
Views: 5627

Re: 15 or 30 year mortgage?

if you know you'll be moving & selling the house in less than 10y you should consider other shorter term loans (to get a lower rate). Sounds like this house is a little too pricey to make a worthwhile rental property. I agree with your points. This is also discussed on another Bogleheads post. ...
by investorjunkie
Mon Jun 04, 2012 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

Paying down a 6% mortgage (lets say 5% if you include mortgage deduction), is risk free or guaranteed. We aren't talking about at that rate. We are talking about the current 3-4% rate. At that rate yes it starts making more sense to pre-pay a mortgage. The chances to beat that return gets much hard...
by investorjunkie
Mon Jun 04, 2012 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

Anybody have another place to get a risk free return north of 1 or 2% right now? This is recency bias. What matters isn't now, what matters is 5+ years from now if we are doing long term investing. There are plenty of dividend stocks that generate +3% and dividend aristocrats, just to give one spec...
by investorjunkie
Mon Jun 04, 2012 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

We bought our current home in 1979 when mortgage interest was 13.5%. When rates dropped to 9.5%, we jumped at the chance to refinance to a 15 year loan. This is a prefect point in time when individuals should have been paying off their mortgage as fast as possible. Why? because how easy is it to fi...
by investorjunkie
Mon Jun 04, 2012 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

Borrowing money to invest in a business you have a large degree of control over and which produces income is a different situation. Yes and no. You cannot control the marketplace for your product/service, nor the economy. Taking out a loan for a business is not without risk. In fact if you look at ...
by investorjunkie
Mon Jun 04, 2012 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

What we do know is that the TIPS market and the bond market is signaling deflation, not inflation. The much less liquid gold market is signalling the opposite. The gold market is expecting another round of QE from the FED, hence the disconnect. Though as a side note if the 10 year is at 1.5% and th...
by investorjunkie
Mon Jun 04, 2012 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 348
Views: 80522

Re: Anyone regret paying off mortgage early?

I'll be so bold and raise my hand to state paying your mortgage off right now is a foolish idea. Primary Reasons: - Too much NW into one asset (that's illiquid to boot!) - Your primary residence is not an investment - In the long haul will get better returns elsewhere I go into details on my blog wh...
by investorjunkie
Wed May 30, 2012 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social lending - worth the time?
Replies: 23
Views: 2890

Re: Social lending - worth the time?

Muchtolearn wrote:You should sue the estate.


You cannot try to collect from the borrower (dead or alive). The P2P company is the collector of bad debts.
by investorjunkie
Wed May 30, 2012 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Social lending - worth the time?
Replies: 23
Views: 2890

Re: Social lending - worth the time?

They did revamp their system to cut out those with really poor credit, but I also wonder if you would see much the same thing when the next recession hits... those lending to low quality borrowers have their previous returns wiped out. I don't doubt that people can and do make good returns on there...
by investorjunkie
Tue May 29, 2012 7:24 pm
Forum: Investing - Theory, News & General
Topic: Online Tools for Investment & Asset Allocation
Replies: 6
Views: 2131

Re: Online Tools for Investment & Asset Allocation

I agree with the OP. While Personal Capital isn't perfect, it definitely has the chance being much better than Mint. I've found Mint to be too buggy and too much up sell to be useful lately. As a business model Personal Capital also targets an underserved niche of net worth individuals from $100k - ...
by investorjunkie
Tue May 29, 2012 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Social lending - worth the time?
Replies: 23
Views: 2890

Re: Social lending - worth the time?

Here is a recent cheer-leading article on P2P lending. m I am surprised at the growth that this has shown. When I looked into this myself as an investment opportunity I felt that this required too much effort for too little incremental gain. In order to diversify appropriately, you would need to in...
by investorjunkie
Fri May 25, 2012 11:04 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Re: Basket of stocks VS an index fund?

Commissions are ZERO nowadays on stock trades if you use a no-commission broker like I do, so that is not an issue. I assume you are referring to ETFs and not stocks? If stocks who offers zero commission for stocks? Zecco no longer offers this. No, I am referring to stocks, ETFs, and mutual funds. ...
by investorjunkie
Fri May 25, 2012 11:00 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Re: Basket of stocks VS an index fund?

livesoft wrote:Commissions are ZERO nowadays on stock trades if you use a no-commission broker like I do, so that is not an issue.


I assume you are referring to ETFs and not stocks? If stocks who offers zero commission for stocks? Zecco no longer offers this.
by investorjunkie
Fri May 25, 2012 10:58 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Re: Basket of stocks VS an index fund?

livesoft wrote:Bottom line: Not worth the trouble at all to create your own index fund and own the individual stocks for a dubious potential savings of $500.


Good point.
by investorjunkie
Fri May 25, 2012 10:52 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Re: Basket of stocks VS an index fund?

Problem 3: More tax efficient? No. Well, I guess that depends how you're defining efficiency. You will have to deal with more paper work (albeit minor) then with a single fund. Dividends are dividends, Capital Gains are capital gains. In my case I already use an accountant, so my fees/work involved...
by investorjunkie
Fri May 25, 2012 10:44 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Re: Basket of stocks VS an index fund?

Problem 1: Buying 50 stocks is going to cost you lets say, $500 Buying VOO from Vanguard Brokerage or TD Ameritrade? $0 Buying VFINX from Vanguard? $0 Selling? At minimum $500, it will be more because of the cost of selling, how much more is a matter of how many shares. At Vanguard? $0 So at minimu...
by investorjunkie
Fri May 25, 2012 9:52 am
Forum: Investing - Theory, News & General
Topic: Basket of stocks VS an index fund?
Replies: 21
Views: 2836

Basket of stocks VS an index fund?

I've seen this topic discussed a few places and wanted to see if any Bogleheads have further research or discussion on the subject. Any previous discussion about this topic within the forum would be helpful. This discussion isn't about selecting individual stocks to beat an index. Rather, it's about...
by investorjunkie
Mon May 14, 2012 8:21 pm
Forum: Investing - Theory, News & General
Topic: Another way to look at the Facebook IPO
Replies: 29
Views: 2569

Re: Another way to look at the Facebook IPO

TheEternalVortex wrote:I think that's the main reason they waited so long for the IPO. They know that a lot of engineers will leave afterwards.


Many sold stock on the secondary market pre IPO. Though I'm sure some are kicking themselves.
by investorjunkie
Mon May 14, 2012 6:07 pm
Forum: Investing - Theory, News & General
Topic: Another way to look at the Facebook IPO
Replies: 29
Views: 2569

Re: Another way to look at the Facebook IPO

I was cleaning my bookmarks out the other day and came across some oldies... One was for ICQ. The header that was on their site at the time and stored with the bookmark, reads: "Worlds Largest Online Communication Network". Hmm. Until AOL bought it and we know how well AOL has been doing....
by investorjunkie
Mon May 14, 2012 6:04 pm
Forum: Investing - Theory, News & General
Topic: Another way to look at the Facebook IPO
Replies: 29
Views: 2569

Re: Another way to look at the Facebook IPO

https://lh4.googleusercontent.com/-mIt649o8Nvw/T7AEg6_sQgI/AAAAAAAABno/aY0YnoErXjA/w497-h373/facebook-ipo.jpg That means you can count me in on the skeptical side of the Facebook IPO. You can also count me to not buying Facebook. I go as far as to state you are a patsy if you buy it: [Commercial li...
by investorjunkie
Wed May 09, 2012 7:02 am
Forum: Personal Consumer Issues
Topic: Does anyone own a Hyundai?
Replies: 71
Views: 7948

Re: Does anyone own a Hyundai?

We bought a 2008 Sonata new primarily because it was more than $3k cheaper than Camry. We have owned several Camrys and loved them. The Sonata was ok but was not in the same class as our 2004 Camry. The Camry was quieter and had a better ride. The appointments in the Sonata seemed cheaper. My wife ...
by investorjunkie
Tue May 08, 2012 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Mint vs Quicken
Replies: 21
Views: 6122

Re: Mint vs Quicken

FinanceFun wrote:I use mint to track spending, accounts, goal's, etc.

I use spreadsheets to manage investments.


I have some spreadsheets of my own for tracking investments. Stuff I've developed myself. I'm curious what's out there publicly to use. Does anyone have a spreadsheet they would like to share?
by investorjunkie
Mon May 07, 2012 9:44 pm
Forum: Personal Consumer Issues
Topic: Does anyone own a Hyundai?
Replies: 71
Views: 7948

Re: Does anyone own a Hyundai?

I have a 2010 Genesis and love the car for the price.
by investorjunkie
Sun May 06, 2012 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mint vs Quicken
Replies: 21
Views: 6122

Re: Mint vs Quicken

I used Mint for several years before switching to Full View at Fidelity. Full View is similar to Mint and serves it's purpose, but Full View is not as "pretty" as Mint. I found the Mint iPhone and iPad functionality to be very useful. While I was never very successful getting the investme...
by investorjunkie
Sun May 06, 2012 9:29 am
Forum: Investing - Theory, News & General
Topic: Real inflation and best source for it
Replies: 48
Views: 2671

Re: Real inflation and best source for it

You are quite right to distrust the US government inflation data. If inflation (CPI) was calculated the same way as in the 1970s it would be over 10% now rather than the official 3% m The first I ever heard of shadowstats was here on the forum. The context was basically, "don't trust that guy....
by investorjunkie
Sun Apr 29, 2012 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How are you preparing the increase in taxes for 2013?
Replies: 56
Views: 6090

Re: How are you preparing the increase in taxes for 2013?

What are others doing to prepare? Moved dividend paying stock funds into tax advantage accounts. Bought munis in taxable. Bought and still buying more munis in taxable. Munis are about the only thing not affected by the laws on the books today. For the moment yes.Though there was discussion last ye...
by investorjunkie
Fri Apr 27, 2012 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Use 0% Credit Card Convenience Checks to Invest?
Replies: 8
Views: 2283

Re: Use 0% Credit Card Convenience Checks to Invest?

CorradoJr wrote:What about Regulation T, which usually limits buying securities on margin (ie. credit?)


It's unsecured debt so no. I could be said then if you have a mortgage you could not invest because of regulation T.
by investorjunkie
Fri Apr 27, 2012 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Use 0% Credit Card Convenience Checks to Invest?
Replies: 8
Views: 2283

Re: Use 0% Credit Card Convenience Checks to Invest?

CorradoJr wrote:What about Regulation T, which usually limits buying securities on margin (ie. credit?)


It's unsecured debt so no. I could be said then if you have a mortgage you could not invest because of regulation T.
by investorjunkie
Fri Apr 27, 2012 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Use 0% Credit Card Convenience Checks to Invest?
Replies: 8
Views: 2283

Re: Use 0% Credit Card Convenience Checks to Invest?

Another option is pay off/prepay higher debt. Could be your home or car. Though that debt should be at low rates.
by investorjunkie
Fri Apr 27, 2012 11:18 am
Forum: Personal Finance (Not Investing)
Topic: 0%-interest, no-fee cash advance is back
Replies: 85
Views: 7342

Re: 0%-interest, no-fee cash advance is back

We just got a special offer from Discover Card if we spend $3k monthly on their card from May - Sept we get $500. That's 3.33% cash back, and that's not including their 1% cash back. Good deal in principle, but my concern in practice is that many merchants do not accept Discover, and unless you wou...
by investorjunkie
Fri Apr 27, 2012 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund in Tax-Advantaged
Replies: 19
Views: 1775

Re: Emergency Fund in Tax-Advantaged

I think it depends upon how much you think how is needed for an emergency, and how often you need to use it. Let's say a married couple living in a high cost area (ie NY or CA) you need $5k/month to survive. Not an uncommon situation and for many could be a much higher requirement. If you say wanted...
by investorjunkie
Fri Apr 27, 2012 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Med student trying to generate passive income.
Replies: 34
Views: 4625

Re: Med student trying to generate passive income.

A living, yes, but it's a very small subset of bloggers making more than a doc. I agree. In my case it also helps that I own a web developer/web hosting company. So the infrastructure fees are covered already. I agree with what others have said, go into related business is the best bet. In the OP c...
by investorjunkie
Fri Apr 27, 2012 9:26 am
Forum: Personal Finance (Not Investing)
Topic: 0%-interest, no-fee cash advance is back
Replies: 85
Views: 7342

Re: 0%-interest, no-fee cash advance is back

That doesn't seem worth it (compared with, for example, Fidelity's 2% cash back offer on purchases or offers of 50000 plus airline miles) , unless I am missing something. Am I? (missing something, that is). I agree in 2004-2007 it was much easier to get the money, and make a decent return on the ar...
by investorjunkie
Fri Apr 27, 2012 8:48 am
Forum: Personal Finance (Not Investing)
Topic: 0%-interest, no-fee cash advance is back
Replies: 85
Views: 7342

Re: 0%-interest, no-fee cash advance is back

Perhaps there are other bonus offers that I can take advantage of? Move your brokerage account out of Wells Fargo. Other brokers are offering up to $2,500 bonus for holding your assets. +1 Many brokers are offering signup cash bonuses. I list a bunch of them on my web site: [Commercial link removed...