Search found 1756 matches

by Bfwolf
Mon Aug 20, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card to Pay off Overpayment of Student Debt
Replies: 15
Views: 1034

Re: Credit Card to Pay off Overpayment of Student Debt

Campy2010's point still stands though. You can get the 0% card and start putting your regular credit card purchases on it, paying the minimum on the credit card and funneling all the rest of your free money toward the higher rate loan. Once the loan is paid off, you funnel all your cash toward the c...
by Bfwolf
Fri Aug 17, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 92
Views: 7080

Re: Elderly Relative Short on Money

I'm sorry that you are in this situation. I think that ensuring she is not paying a 1% management fee for her money is crucial. She definitely can't afford that. I like your plan of paying her $500 a month for babysitting. In terms of asset allocation, here's an outside-the-box way of thinking about...
by Bfwolf
Thu Aug 16, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Seattle- mandatory affordable housing units affect single family home values?
Replies: 45
Views: 2767

Re: Seattle- mandatory affordable housing units affect single family home values?

Yes, it will probably affect her property value. Whether she can "scam" a potential buyer who doesn't realize what's going to happen, I don't know.

An interesting podcast on the subject. https://www.npr.org/sections/money/2018 ... y-backyard
by Bfwolf
Wed Aug 15, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 37
Views: 2156

Re: Travel delay: Can I *easily* get $60 back?

Victoria, I may be misremembering, but my recollection is that it's the time you arrive at your destination that counts. However, I think you are going to have a hard time collecting given the weather and how close you are to being under 3 hours. But it's worth a shot. Flights originating outside th...
by Bfwolf
Wed Aug 15, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 37
Views: 2156

Re: Travel delay: Can I *easily* get $60 back?

As mentioned above you are due compensation due to EU law. As mentioned in the linked article Condor owes you 300 euros. It's too bad you weren't over 4 hours late or it would be 600 euros! Getting the money from them may not be simple....I was delayed by a flight cancellation by Brussels Air at the...
by Bfwolf
Thu Aug 09, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay for a 401k?
Replies: 32
Views: 2162

Re: Should I pay for a 401k?

You missed a huge thing in your analysis: the $700 fee is annual, not one time. Under your scenario, the 401k would lose value every year as the $700 fee would outweigh the gains. I'd also argue your 0.5% tax load may be high. 2% dividends per year taxed at 15% rate would be a tax load of 0.3%. How...
by Bfwolf
Thu Aug 09, 2018 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay for a 401k?
Replies: 32
Views: 2162

Re: Should I pay for a 401k?

I'm the OP. Many thoughtful responses here. Thank you. I have forwarded info on Guideline to my fellow employees, and we are considering it. We understand there could be an issue with ADP/ACP tests. Regarding the original question, I did the math. Perhaps somebody could double-check me. My assumpti...
by Bfwolf
Wed Aug 08, 2018 1:01 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3664
Views: 1039626

Re: What Movie Have You Recently Watched?

Blindspotting is an outstanding movie. It's interesting as a character study of personal growth and as a look at the clash of cultures in a gentrifying area. I really enjoyed 8th Grade. A very heartfelt coming of age film that nails the experience of that awkward age pretty well. I despised Puzzle. ...
by Bfwolf
Wed Aug 08, 2018 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay for a 401k?
Replies: 32
Views: 2162

Re: Should I pay for a 401k?

The answer to your question is yes, I would pay $700 a year to have to access to a 401k I would max out, assuming I was under 50. Avoidance of dividend and capital gains taxes alone would certainly make it worth it. You don't mention your tax bracket, but assuming you project you'll be in a lower br...
by Bfwolf
Sun Aug 05, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Maui Hawaii Trip - How to save money?
Replies: 52
Views: 4752

Re: Maui Hawaii Trip - How to save money?

It's (obviously) touristy, but I had a great time at Warren & Annabelle's magic show.
by Bfwolf
Sun Aug 05, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7038

Re: "Skin in the game"

It's really tricky getting kids to make good ROI decisions when it comes to college. Lots of kids go to expensive private/out of state schools that aren't any better than their state school because it just "feels right" to them. It's fairly ridiculous but we've somehow developed a culture that says ...
by Bfwolf
Sat Aug 04, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2462

Re: $100k Liquid, 21, no college education

Are you still running the business?
by Bfwolf
Sat Jul 28, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Starting from scratch
Replies: 17
Views: 1907

Re: Starting from scratch

The most important thing is your savings rate, i.e. your spending rate. The less you spend, the better this story turns out. The other stuff is important but everything is secondary to that. If you save $100K of that $400K per year, you'll be in great shape. And any payments against your loan PRINCI...
by Bfwolf
Fri Jul 27, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5146

Re: Biggest financial decision of my life: selling a big wad of options

Wow, what a thread. OP, I really do hope your company isn't Facebook. The advice to take half off the table immediately is great. Twice as great advice would be to take it all of the table immediately. Imagine you had this money in cash. Would you ever for a second think of buying your company's sto...
by Bfwolf
Sun Jul 22, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Thank you for saving me from Fidelity $$$ advice! Now seeking help.
Replies: 15
Views: 2829

Re: Thank you for saving me from Fidelity $$$ advice! Now seeking help.

Welcome! Glad you found Bogleheads. This is a great place for advice. I would echo what the preceding poster said about starting by deciding what asset allocation you want. The 60/40 stock/bond suggestion by the Fidelity advisor is actually quite reasonable, but you need to decide what's right for y...
by Bfwolf
Tue Jul 17, 2018 1:34 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2417

Re: Passport expiration time rules for France

I concur with everybody else that you have plenty of time to renew without expediting. I renewed this year and got it back in just a couple of weeks.
by Bfwolf
Mon Jul 16, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6444

Re: $540 a month on food for graduate student budget too much?

OP, The tricky thing is you probably don't have a lot of cooking skills nor enjoy cooking and that's pushing you to eat out a lot. And cooking for 1 probably seems like a lot of effort. But if you focus on cooking simple meals in bulk, you'll find that you don't need cooking skills and you can make ...
by Bfwolf
Mon Jul 16, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2417

Re: Passport expiration time rules for France

I am also seeing some web sites saying 6 months from day of entry. Since you have plenty of time til October, why not renew passports now?
by Bfwolf
Mon Jul 16, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2417

Re: Passport expiration time rules for France

US state department web site says "Passports must be valid for at least three months beyond your planned date of departure from the Schengen area."
by Bfwolf
Mon Jul 16, 2018 1:19 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2721
Views: 542327

Re: What's Your Credit Card Rewards Strategy?

I got a targeted Amex Business Gold Rewards offer for 75K points after $5K spend in 3 months. I got this bonus 3 years ago but didn't see anything in the T&Cs about once in a lifetime. I applied today and got no popup warning me I was bonus ineligible. Hoping I'll get the bonus again!
by Bfwolf
Sat Jul 14, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5187

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M? I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right? Wow this is moral ...
by Bfwolf
Sat Jul 14, 2018 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell our business?
Replies: 61
Views: 5187

Re: Should we sell our business?

I tend to agree with Rick that $2M sounds optimistic if you just had bankers say it's worth $900K. Do you have any indication that the buyer would pay $2M?

I think the concept of "enough" is important here too. More money is nice, but when you have enough, you have enough, right?
by Bfwolf
Thu Jul 12, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15161

Re: COMING SOON: BOGLEHEADS PODCASTS

When I think about parameters for a good name for this podcast: 1) Telegraphs what the podcast will be about for non Bogleheads.org users. So "Bogleheads Podcast" doesn't work. 2) Covers the full breadth (or close to it) of what the Bogleheads philosophy is about. So any focus purely on investing do...
by Bfwolf
Sun Jul 08, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: After-tax contributions to 401(k)?
Replies: 25
Views: 1770

Re: After-tax contributions to 401(k)?

I assume that your company does not allow in-service conversions to a Roth 401k or in-service withdrawals of after-tax contributions/earnings? If it does, that would certainly make things easier. If it doesn't, and you have to wait until after you separate from service to get the after-tax $s into a...
by Bfwolf
Wed Jul 04, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Can you just hold VOO VTI and call it a day?
Replies: 10
Views: 1115

Re: Can you just hold VOO VTI and call it a day?

Holding both VOO and VTI doesn't make sense. They will perform similarly, and you're fooling yourself if you think you're getting meaningful additional international exposure by mixing VOO with VTI instead of just using VTI by itself. If you really want Int'l exposure, you need to bring VXUS into th...
by Bfwolf
Sun Jul 01, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Share Buybacks and Value Destruction
Replies: 10
Views: 1121

Re: Share Buybacks and Value Destruction

When it comes to returning profits to shareholders, some advocate dividend payments and others prefer share buybacks. Theoretically, a properly executed share buyback is better because it is not a taxable event for ongoing share owners. However, many buybacks are poorly executed and destroy capital...
by Bfwolf
Sun Jul 01, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3664
Views: 1039626

Re: What Movie Have You Recently Watched?

Solo: I came in with low expectations due to not so great RT reviews (for a Star Wars movie), poor box office performance, and the fact that I haven't liked ANY of the new Star Wars movies. But you know what? This is a good movie! It's funny, straightforward, and makes some nice mentions that tie it...
by Bfwolf
Tue Jun 26, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 5990

Re: Timing exit from megacorp

I think your approach is sound. Ensure you get what you're owed before you let them know. You really don't owe them anything more than 2 weeks notice, which is the professional standard. Leaving for retirement purposes doesn't make you owe them any more notice than leaving for another job, though th...
by Bfwolf
Tue Jun 26, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12115

Re: When did you start flying business class?

As I've mentioned, this is our Plan B if we actually use up our hoard of points. We can't purchase Amex Membership Miles, but we can purchase AAdvantage points, and when there is a sale (often), it is just under (or "approximately in our minds") 2 cents per mile. American has a terrific selection o...
by Bfwolf
Tue Jun 26, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12115

Re: When did you start flying business class?

Even with miles, I am judicious about it. When I fly TO Europe, I try to go business class. As someone else mentioned, the seat IS business class. For me anyway. I can barely sleep in economy and so that overnight flight east is just miserable for me if I'm not in a lie flat sleep. Coming FROM Euro...
by Bfwolf
Mon Jun 25, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12115

Re: When did you start flying business class?

For the OP, I get it. It seems wasteful. I don't have anywhere near as much money as you, but I only fly business class with miles. I can't justify the price premium in $s either. Even with miles, I am judicious about it. When I fly TO Europe, I try to go business class. As someone else mentioned, t...
by Bfwolf
Wed Jun 20, 2018 11:50 pm
Forum: Personal Consumer Issues
Topic: Best time to travel to Iceland?
Replies: 22
Views: 2864

Re: Best time to travel to Iceland?

I think the time to go is probably the "shoulder" season....late May/early June or early September. You'll get fewer tourists and lower prices because school is in session and this keeps families away. While the weather is at its best in mid-Summer, these shoulder seasons should have good enough wea...
by Bfwolf
Mon May 28, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1930

Re: Using Air Miles and Paying Fees and Taxes

My advice for using frequent flyer miles for travel to Europe: 1. Avoid London airports. 2. Avoid British Airways. I flew from the US to Madrid (and back) a few weeks ago using United frequent flyer miles, and the taxes and fees were less than $100. Did you fly United, or use United awards for a di...
by Bfwolf
Thu May 17, 2018 11:38 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13101

Re: how do you tip on wine at a restaurant

I think people calling other people cheapskates for questioning the pretty obviously ridiculous tipping conventions in the US is uncalled for. Having said that, I abide by the pretty obviously ridiculous tipping conventions. I don't drink much, which means on average servers get lower tips from me t...
by Bfwolf
Sun May 13, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Seeing a rocket launch in FL
Replies: 15
Views: 1617

Seeing a rocket launch in FL

My brother visited me last weekend, and the current Bogleheads thread on bucket lists inspired me to ask him about his bucket list items. One of his is to see a rocket launch in Florida. I thought this could be a fun thing for us to do together, perhaps in Winter when the temperatures aren't so oppr...
by Bfwolf
Tue May 08, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8839

Re: Bucket List Adventures/Activities

metacritic wrote:
Tue May 08, 2018 7:17 am
1. hiking to mountain gorillas in Rwanda or Uganda (pondering doing this in summer 2018)
I did this in February and would strongly recommend it. But I think you'd want to combine it with something else in East Africa besides just gorilla trekking.
by Bfwolf
Fri May 04, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2876

Re: Moving downtown Chicago. Should I sell my car?

Yeah the only L stops that are really close to Streeterville are the Grand and Chicago red line stops. Even those aren't in Streeterville but are at least near by. If one of those is pretty close to your work/school, then it opens up the red line as a good option for your daily commute. It runs Nort...
by Bfwolf
Fri May 04, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8839

Re: Bucket List Adventures/Activities

Great thread, and I've enjoyed reading others' bucket lists...some I've done, some I want to do, and some I've never even considered but sound intriguing! Some things on my bucket list I've already accomplished: I've been to Europe many times, but my first trip when I was 21 was a big bucket list it...
by Bfwolf
Fri May 04, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 42
Views: 3434

Re: Stock Buybacks as a Global Trend?

The key to it is--at what price are the shares purchased? If the price is too high, then it harms the remaining shareholders and benefits those who sell into the buyback bid. If its lower (which is the objective) it benefits the shareholders who don't sell any of their shared. I disagree that this ...
by Bfwolf
Fri May 04, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 42
Views: 3434

Re: Stock Buybacks as a Global Trend?

The last I read buybacks can be involuntary. You would receive a notice in your account stating 10% of your shares would mandatorily be bought back, for example. You would not have a choice. Do you have an example of this? I've never heard of it. Here's an article detailing some of the very rare oc...
by Bfwolf
Fri May 04, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2876

Re: Moving downtown Chicago. Should I sell my car?

I haven't been to Chicago in quite some time. Aren't the bike sharing services a reasonable means of transportation in the denser areas? Those bikes seem to be all over the place in New York. Divvy (Chicago's bike share) is great. I am a member. But I (and many others) only use it when the weather ...
by Bfwolf
Fri May 04, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2876

Re: Moving downtown Chicago. Should I sell my car?

I also recommend downloading the Via app. It's a competitor to Uber pool, but your chances of riding solo are much higher with Via. I'm often able to get pretty far with it for $3.95 or $4.95, and it's replaced a lot of my CTA usage.
by Bfwolf
Fri May 04, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2876

Re: Moving downtown Chicago. Should I sell my car?

Good to know. My wife & I are looking at moving in the Streeterville area since it would put us within a few blocks of work for her and school for me. I've had a few friends suggest going north to Wicker Park/Lincoln Park. What's your opinion? Agree with everybody about selling the car and buying a...
by Bfwolf
Thu May 03, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 42
Views: 3434

Re: Stock Buybacks as a Global Trend?

I find it interesting that people have this great fear or buybacks taking away from reinvestment in the company but these people don't seem to have the same fear of dividends doing the same. I seem to recall Simplegift posting something in the past showing that total cash return to shareholders is n...
by Bfwolf
Thu May 03, 2018 10:06 pm
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 42
Views: 3434

Re: Stock Buybacks as a Global Trend?

What if the buyback is involuntary ? So if you needed the money you could sell your shares anyway. But a buyback forces you to sell your shares you might want to keep. To me it's kind of a non-event then. I’m not sure I know what you’re talking about, other than taking a company private... I'm just...
by Bfwolf
Thu May 03, 2018 12:59 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks as a Global Trend?
Replies: 42
Views: 3434

Re: Stock Buybacks as a Global Trend?

A buyback should generally have no impact on the share price while dividends will reduce the stock price. So for company executives with tons of stock options that don't pay any dividends before they're executed, it's easy to be cynical and think they're financially motivated to prefer buybacks. And...
by Bfwolf
Wed May 02, 2018 1:41 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 29
Views: 2936

Re: Making it easier to track posts from the OP

Silk McCue wrote:
Wed May 02, 2018 12:37 pm
After CTRL-F search for "by opname" as that will only bring up posts that they initiate.

Cheers
Good suggestion!

I'd still love a way to filter to just the OP posts but this is a good hack.
by Bfwolf
Wed May 02, 2018 12:31 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 29
Views: 2936

Re: Making it easier to track posts from the OP

CTRL+F is an unhelpful option in my experience since it also pulls in all the posts that quote the OP. And sometimes there are multiple quotes from the OP in a single post. You can easily end up with 20+ "hits" with no actual OP posts.
by Bfwolf
Tue May 01, 2018 1:24 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 29
Views: 2936

Making it easier to track posts from the OP

One frustration I have when reading a thread is that after the original post, there might be a ton of discussion from other posters before the OP comes back with more information. Or sometimes the OP never comes back at all. And I am just reading pages of back and forth between everybody else, often...