Search found 1843 matches

by Bfwolf
Sat Feb 09, 2019 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3441

Re: Is the MBA degree market saturated?

I think in the area of business there's been a lot of saturation of degrees being available. Anyone in a city of significant size can get an MBA or Executive MBA from a part-time program at University of Phoenix or similar if they're (or their employer) is willing to pay for it. A lot of the same t...
by Bfwolf
Fri Feb 08, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3441

Re: Is the MBA degree market saturated?

I think in the area of business there's been a lot of saturation of degrees being available. Anyone in a city of significant size can get an MBA or Executive MBA from a part-time program at University of Phoenix or similar if they're (or their employer) is willing to pay for it. A lot of the same t...
by Bfwolf
Fri Feb 08, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3441

Re: Is the MBA degree market saturated?

There’s two types of MBAs - go to an elite school and get a job in something you could not have without it (think IB / PE / Consulting). It’s quite obvious which schools people are doing this at. The key is these jobs are not obtainable for people without the degree. Many are seeing salaries go fro...
by Bfwolf
Tue Feb 05, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy lady backs into my car...don't think she will pay me out of pocket
Replies: 103
Views: 9836

Re: Crazy lady backs into my car...dont think she will pay me out of pocket

OP,

Here's what will answer all questions you have on the subject from now on:

Step 1: Call Amica and ask them the question, and what you should do to ensure you get paid and your rates don't go up.

Step 2: Do what Amica says.

:)
by Bfwolf
Tue Feb 05, 2019 10:23 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 668
Views: 33972

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

I will go on record as saying I hope this DOESN'T work, as Hedgefundie can afford to lose 15% of his portfolio, but the dozens of copycats that would follow won't. This strategy may work for a limited period of time. But it will fail at some point.
by Bfwolf
Sat Feb 02, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: recommend your African safari
Replies: 16
Views: 1158

Re: recommend your African safari

I spent 3 weeks with friends in East Africa last February. Some thoughts: 1) It was my first safari but one of the other folks on my trip had done several. She said 4 nights is about the right amount of time, and so that's what we did. I think she was spot on. 4 nights would be considered a very sho...
by Bfwolf
Wed Jan 30, 2019 3:06 am
Forum: Personal Investments
Topic: Invest through 401K provider or TD Ameritrade Self Direct Account
Replies: 6
Views: 298

Re: Invest through 401K provider or TD Ameritrade Self Direct Account

I'd put this under the category "doesn't really matter," but I think I'd go with the 401k fund choices. It'll be simpler and very slightly cheaper. You're covered in the 401k except for emerging markets and bonds, which you can hold in your IRA. Speaking of which, you have a very high risk portfolio...
by Bfwolf
Wed Jan 30, 2019 1:11 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 1983

Re: Why doesn't the US government sell additional Social Security?

The inflation-adjusted SPIA market seems thin and overpriced. Why do you think it is overpriced? I guess I don't know that it is. Insurance companies are good at gauging risk I suppose, and perhaps they are better equipped for that than the US govt is. But they do seem like poor deals on their face...
by Bfwolf
Wed Jan 30, 2019 1:03 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 1983

Re: Why doesn't the US government sell additional Social Security?

Presumably companies selling inflation adjusted SPIAs are making a profit, despite how thin the market is. I'm wondering if the government could undercut them and break even and widen the appeal of the market, while also achieving something good for society (reducing risk people run out of money).
by Bfwolf
Wed Jan 30, 2019 12:31 am
Forum: Investing - Theory, News & General
Topic: Why doesn't the US government sell additional Social Security?
Replies: 23
Views: 1983

Why doesn't the US government sell additional Social Security?

The inflation-adjusted SPIA market seems thin and overpriced. The US government has a huge Social Security department which carries out the disbursement of inflation adjusted annuities. Would it be so unreasonable for them to simply sell additional Social Security benefits much like one purchases an...
by Bfwolf
Tue Jan 29, 2019 2:35 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

Does anyone keep a spreadsheet of their cards? Is there any existing spreadsheet someone created? What I am thinking is it would list all generally available reward cards with bonuses. You enter your start and stop date, and when bonus was received. It would tell you when you are next eligible. As ...
by Bfwolf
Mon Jan 28, 2019 3:59 pm
Forum: Investing - Theory, News & General
Topic: performance of CDs vs. ultra-short T-bills?
Replies: 5
Views: 833

Re: performance of CDs vs. ultra-short T-bills?

Here's a current comparison of brokered CD options at Fidelity vs the t-bill rates. They are very similar. Unless you guys are dealing with millions of dollars here, this doesn't sound like a good use of anybody's time. Do what is simplest that gets similar returns as listed below. https://www.fidel...
by Bfwolf
Sun Jan 27, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

I don't pretend to be a very sophisticated credit card strategist but sometimes offers seem to make sense to me. I have business expenses to pay with a CC and love to travel for pleasure and do so frequently and for work occasionally. I have a Chase Sapphire that I will cancel when it comes up agai...
by Bfwolf
Sat Jan 26, 2019 1:23 pm
Forum: Personal Consumer Issues
Topic: Amazon marketplace delivery problem: who is to blame?
Replies: 11
Views: 956

Re: Amazon marketplace delivery problem: who is to blame?

If it was FBA then I agree with the seller. It's not their fault Amazon didn't fulfill properly. They refunded your money which is all they could be expected to do in this situation.
by Bfwolf
Sat Jan 19, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Price-to-rent
Replies: 11
Views: 1088

Re: Price-to-rent

In my uninformed opinion, I think 15 to 17 is probably "normal" as a price to rent ratio so I'd say you're probably not getting a steal nor getting screwed. The 28 P/R ratio mentioned above....man I don't know why people just don't rent. The only thing that can support such a ratio is expectation fo...
by Bfwolf
Sat Jan 19, 2019 3:56 pm
Forum: Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1325

Re: Hesitant to sell

I agree with Livesoft. I understand the desire for simplicity, but the S&P 500 fund you have is perfectly acceptable, and there's no need for you to pay what I'm guessing are thousands of dollars in capital gains taxes that you may NEVER have to pay (if you die before you sell them). Just don't rein...
by Bfwolf
Fri Jan 18, 2019 1:40 am
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 2870

Re: What shelf liquor and your favorite cocktails?

I am confident that if I made a cocktail with Tito's and made the exact same cocktail a few more times with bargain vodkas, very few of you would be able to identify the Tito's more often than chance dictates.

Well vodka. Always.
by Bfwolf
Wed Jan 16, 2019 8:59 pm
Forum: Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 3135

Re: 5 year CDs @Penfed mature 1/22/19

I finally pulled the trigger to renew my CDs on1/22 at Penfed to their 5 yr 3.4% IRA certificates. 5 and 10 yr treasuries are in low 2.70% range so this seems like a pretty good deal for fixed income money. Thanks to everyone who responded to my post. It may be too late, but Navy Federal is offerin...
by Bfwolf
Tue Jan 15, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 921
Views: 73122

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I moved cash to TDA and then transferred in kind (ETFs and cash) to Fidelity, and had no fee charged. It was all done online. I think transferring from HSA Bank would be a more manual process. I had a -$2.50 balance from the Jan fee at HSA Bank when I called to close my account a few days ago, they...
by Bfwolf
Tue Jan 15, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7132

Re: Anyone here major in Economics in college?

At Berkeley, we see: Econ: Average starting salary: 71K - 16% seeking employment, 7% grad school https://career.berkeley.edu/sites/default/files/pdf/Survey/2017Econ.pdf Business: Average starting salary 77k, 8% seeking employment, 3% grad school https://career.berkeley.edu/sites/default/files/pdf/S...
by Bfwolf
Tue Jan 08, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union 40 Month IRA CD 3.75%
Replies: 8
Views: 1505

Re: Navy Federal Credit Union 40 Month IRA CD 3.75%

I have a 3% APR IRA CD at Andrews Federal Credit Union with something like 55 months remaining...current balance is somewhere in the $107K region. I am pretty sure it's a 6 month EWP for breaking it. Would you guys break it and move the money to this CD? I'm 42 so many years away from accessing thi...
by Bfwolf
Tue Jan 08, 2019 12:11 am
Forum: Investing - Theory, News & General
Topic: Navy Federal Credit Union 40 Month IRA CD 3.75%
Replies: 8
Views: 1505

Re: Navy Federal Credit Union 40 Month IRA CD 3.75%

I have a 3% APR IRA CD at Andrews Federal Credit Union with something like 55 months remaining...current balance is somewhere in the $107K region. I am pretty sure it's a 6 month EWP for breaking it. Would you guys break it and move the money to this CD? I'm 42 so many years away from accessing this...
by Bfwolf
Mon Jan 07, 2019 3:26 pm
Forum: Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 411

Re: Annuity 1035 and then withdraw over time?

For sure true marginal rate of the earnings withdrawals will need to be considered including SS taxation. But my understanding is that non-qualified annuities do not step up in cost basis upon death so it seems like 1035 exchange and then leaving it is a bad option, so those earnings have to come o...
by Bfwolf
Mon Jan 07, 2019 1:14 am
Forum: Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 411

Re: Annuity 1035 and then withdraw over time?

For sure true marginal rate of the earnings withdrawals will need to be considered including SS taxation. But my understanding is that non-qualified annuities do not step up in cost basis upon death so it seems like 1035 exchange and then leaving it is a bad option, so those earnings have to come out.
by Bfwolf
Sun Jan 06, 2019 10:41 pm
Forum: Personal Investments
Topic: Annuity 1035 and then withdraw over time?
Replies: 6
Views: 411

Annuity 1035 and then withdraw over time?

My friend's mom who lives in CA is 83 and was unfortunately sold a couple of variable annuities years ago. Account #1 has an annual cost of about 2%, a cash value of $467K and a surrender value of $456K vs a remaining cost basis of $324K. Annuity #2 has annual cost of 3.6%, a cash/surrender value of...
by Bfwolf
Sun Jan 06, 2019 5:54 pm
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5468

Re: Making it easier to track posts from the OP

\ Edit 2: Or the bookmarklet could just run the search. javascript:(function(){ var str="./search.php?author="; str=str + $(".post").first().find(".username,.username-coloured").html().replace(/ /g,"+"); str=str+"&t="+$("#topic-search fieldset input[name='t']").attr("value"); str=str+"&sf=msgonly&s...
by Bfwolf
Thu Jan 03, 2019 3:49 am
Forum: Forum Issues and Administration
Topic: Making it easier to track posts from the OP
Replies: 50
Views: 5468

Re: Making it easier to track posts from the OP

Thanks LadyGeek! Much easier than CTRL F on multi-page threads. This is good enhancement. Thank you LadyGeek and team for implementing it! Question: is the way of searching through all of the OP's posts on a thread (as opposed to CTRL F) just scrolling down and looking by sight to see if there's an...
by Bfwolf
Fri Dec 28, 2018 2:39 am
Forum: Personal Consumer Issues
Topic: Best bet for streaming YouTube TV on my TV?
Replies: 27
Views: 2031

Re: Best bet for streaming YouTube TV on my TV?

I have a Roku Streaming Stick (NOT a Streaming Stick+). It's pretty great. As mentioned above, it can turn the TV on/off and control the volume which is a nice plus. It's "only" 1080p so if you want higher resolution, you need the +. The Roku user interface is excellent.
by Bfwolf
Tue Dec 25, 2018 1:19 am
Forum: Personal Investments
Topic: Advice for "Little Old Lady" revised
Replies: 21
Views: 2654

Re: Advice for "Little Old Lady" revised

The great news here is that you have spending under control so are not at dire risk of going broke. The good news is that your broker/advisor has put you in pretty reasonable, low cost funds, better than what 95% of advisors would do probably. It could be simpler and we have no idea what you're bein...
by Bfwolf
Tue Dec 25, 2018 1:02 am
Forum: Personal Consumer Issues
Topic: Condor moved me from Business to Economy. Recourse?
Replies: 87
Views: 7128

Re: Condor moved me from Business to Economy. Recourse?

How many people have actually disputed a charge in a case like this and been successful? All. The. Time. The vendors have little recourse because, what are they going to do, stop taking credit cards? It’s not like the banks are out the money because when you file a chargeback they pull the money fr...
by Bfwolf
Mon Dec 24, 2018 4:19 pm
Forum: Personal Investments
Topic: I believe I underestimated my risk tolerance
Replies: 35
Views: 4764

Re: I believe I underestimated my risk tolerance

OP, what's a measly 5% more in stocks going to get you? You should probably start buying on margin and go 150% stocks. 8-)
by Bfwolf
Mon Dec 24, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to do Regular or Backdoor Roths
Replies: 18
Views: 1252

Re: Unable to do Regular or Backdoor Roths

If you are going to retire to modest side gigs in 5 years, then it sounds like this solution is only needed for 5 years. After that, you'll have low enough income to contribute to Roth IRAs directly. It sounds like you may have some years during those 5 where you can contribute directly to a Roth IR...
by Bfwolf
Fri Dec 21, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Condor moved me from Business to Economy. Recourse?
Replies: 87
Views: 7128

Re: Condor moved me from Business to Economy. Recourse?

Victoria, I'm sorry you are going through such nonsense. I hope you ignore the "school of hard knocks" suggestion above. I'm reasonably confident that with some persistence you can get all your money back.
by Bfwolf
Fri Dec 21, 2018 11:44 pm
Forum: Personal Investments
Topic: TLH during dividend season
Replies: 18
Views: 1142

Re: TLH during dividend season

Receiving the dividend before you sell is not a loss, because your capital loss is increased by the amount of the dividend (in addition to any gain or loss from market movements, which affects your taxes even if you sell one stock fund to buy another). I think it depends on what's personal capital ...
by Bfwolf
Tue Dec 18, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 302
Views: 39960

Re: TurboTax Prices

I'm frustrated that apparently some of the forms are not available yet for Turbotax Home & Business because the IRS has not yet released them. I wanted to put in my 2018 numbers and see if it makes sense for me to do a partial IRA conversion with the new tax laws. I guess I'll have to do that estima...
by Bfwolf
Mon Dec 17, 2018 12:37 am
Forum: Personal Investments
Topic: What is a good very safe Vanguard fund?
Replies: 17
Views: 2430

Re: What is a good very safe Vanguard fund?

Don't keep more than $250K in any one bank and it's all FDIC insured--as close to 0 risk as you can get. It was my understanding if you are married or joint account could have up to $750k. Is this not correct? Q: Can I have more than $250,000 of deposit insurance coverage at one FDIC-insured bank? ...
by Bfwolf
Sun Dec 16, 2018 8:02 pm
Forum: Personal Investments
Topic: My 401k has no bond index fund options
Replies: 15
Views: 1149

Re: My 401k has no bond index fund options

Why homebrew it? Just use the TD fund.
by Bfwolf
Sun Dec 16, 2018 7:27 pm
Forum: Personal Investments
Topic: What is a good very safe Vanguard fund?
Replies: 17
Views: 2430

Re: What is a good very safe Vanguard fund?

If you know you don't need the money for at least a year, buy a CD at 2.65% interest. Don't keep more than $250K in any one bank and it's all FDIC insured--as close to 0 risk as you can get. Some options: https://www.ally.com/bank/high-yield-cd/ https://www.synchronybank.com/banking/cd/ https://www....
by Bfwolf
Sat Dec 15, 2018 3:21 am
Forum: Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 3025

Re: Retiring next year, would appreciate some advice

Regarding your concentrated position in Megacorp, you may want to talk to a FA about prepaid forward contract. It may cost you about 6% in total but you get 1-downside protection, 2-you keep the dividends during the contract term & 3-you participate in any stock appreciation https://en.wikipedia.or...
by Bfwolf
Fri Dec 14, 2018 8:49 pm
Forum: Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 3025

Re: Retiring next year, would appreciate some advice

Of all your questions, the only one that REALLY matters is your 401k. You can make the wrong decision on all the other ones, and be fine. If your company stock goes into the toilet, so do you. Diversify now. Like on Monday. Do not wait another day. Sell ALL your company stock and buy a Target Retire...
by Bfwolf
Fri Dec 14, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 89
Views: 5445

Re: [Anyone drop cable for YouTube TV?]

I agree with others--YTTV is a great service. I do find that just flipping through a guide to see what's on is not as easy, but they do tend to show you the shows you might be most interested in that are on live which is cool. I love that I can just plug my favorite sports team in once and it will r...
by Bfwolf
Wed Dec 12, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

The true bargain in Cathay awards is with Alaska miles. If one wanted, one could fly first class from USA to Hong Kong, layover as long as one wanted, and then fly to South Africa in business class for a total of 70K miles one way. :shock: Eh!?? :happy Are seats (er, beds) actually available? Does ...
by Bfwolf
Wed Dec 12, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

The true bargain in Cathay awards is with Alaska miles. If one wanted, one could fly first class from USA to Hong Kong, layover as long as one wanted, and then fly to South Africa in business class for a total of 70K miles one way.
by Bfwolf
Wed Dec 12, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

Would appreciate some advice: The 4 credit cards I have/use are: 1. Amex platinum 2. Amex gold 3. Amex blue cash preferred 4. Barclay mastercard (only use this when Amex is not accepted) As you can see, I am a heavy Amex user. I have about 580,000 amex points, which I am coming to realize might not...
by Bfwolf
Wed Dec 12, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 4141

Re: Donate to homeless?

I don't there's a right or wrong answer to this. Except for the vanishingly rare people who give straight-ticket to GiveWell-recommended top charities, almost nobody focuses their charitable giving purely on maximization of positive impact to the world. There's always some mix of doing good and exp...
by Bfwolf
Tue Dec 11, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of a 529 Plan for my nephew?
Replies: 14
Views: 1260

Re: Who should be the owner of a 529 Plan for my nephew?

If you think there will be an impact on financial aid for your own children if you are the owner, could your mother-in-law or father-in-law (grandparents of the beneficiary) be the owner? If they are not in FL, maybe they have the chance for a tax benefit from their contributions? With a third part...
by Bfwolf
Tue Dec 11, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

Something else that I'm sure a lot of people missed: for a few hours on Tuesday, it was possible to cash out Hilton Honors Points at 0.5¢ through Amazon. It was some kind of glitch and the second time it has happened. I cashed out almost 300K points for an Amazon e-gift card. The DoC post showed up...
by Bfwolf
Tue Dec 11, 2018 3:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3333
Views: 633927

Re: What's Your Credit Card Rewards Strategy?

Would appreciate some advice: The 4 credit cards I have/use are: 1. Amex platinum 2. Amex gold 3. Amex blue cash preferred 4. Barclay mastercard (only use this when Amex is not accepted) As you can see, I am a heavy Amex user. I have about 580,000 amex points, which I am coming to realize might not...
by Bfwolf
Tue Dec 11, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Who should be the owner of a 529 Plan for my nephew?
Replies: 14
Views: 1260

Re: Who should be the owner of a 529 Plan for my nephew?

If you think there will be an impact on financial aid for your own children if you are the owner, could your mother-in-law or father-in-law (grandparents of the beneficiary) be the owner? If they are not in FL, maybe they have the chance for a tax benefit from their contributions? I like this idea ...
by Bfwolf
Thu Dec 06, 2018 2:20 am
Forum: Investing - Theory, News & General
Topic: The overwhelming majority lose in a zero-sum trading game.
Replies: 52
Views: 5411

Re: The overwhelming majority lose in a zero-sum trading game.

This post caused me (who's fairly ignorant about stats) to glance through several wikipedia articles. I think I understand the gist of the OP now. Thanks for sharing.