Search found 5415 matches

by Leesbro63
Thu Oct 18, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Malkiel no longer endorses blind-folded monkeys, likes smart beta
Replies: 25
Views: 2283

Re: Malkiel no longer endorses blind-folded monkeys, likes smart beta

And Jeremy Siegel is selling WisdomTree ETFs (cap weighted or market weighted or whatever the "not usual weighted" is). I guess these guys spend their lives in academia making comfortable incomes but see the guys they study making the megabux and become tempted. Definitely makes you respect Mr. Bog...
by Leesbro63
Thu Oct 18, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Malkiel no longer endorses blind-folded monkeys, likes smart beta
Replies: 25
Views: 2283

Re: Malkiel no longer endorses blind-folded monkeys, likes smart beta

And Jeremy Siegel is selling WisdomTree ETFs (cap weighted or market weighted or whatever the "not usual weighted" is). I guess these guys spend their lives in academia making comfortable incomes but see the guys they study making the megabux and become tempted.
by Leesbro63
Thu Oct 18, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: Temporary Credit Freeze Lift and non-required PINs - no security
Replies: 12
Views: 862

Re: Temporary Credit Freeze Lift and non-required PINs - no security

I had an experience exactly the same as that of the original poster, with Equifax. Also made me a little skeptical of the situation. The PIN thing, however, was a PITA and I prefer the new setup. And I like the new law requiring the ability to freeze and unfreeze as often as I like, at no cost.
by Leesbro63
Wed Oct 17, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 49
Views: 4240

Re: Best way to complain about Hertz bait-and-switch?

Reservations don't mean much at rental car companies. It's more like an advance request. A complaint will get you a voucher at most. To be fair, car companies are one of the few remaining places where you can make a non-binding reservation with zero penalty. You don't even have to cancel...just ref...
by Leesbro63
Tue Oct 16, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 10485

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

My father, if alive today, would be 104. HIS stock portfolio consisted of 10 dividend yielding USA domiciled blue chip stocks. There really was nothing else that was reasonable or accessible in "the old days". In other posts on other stuff, I have defined that as a "prehistoric Boglehead". I agree....
by Leesbro63
Mon Oct 15, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: British Airways AVIOS Points
Replies: 9
Views: 552

British Airways AVIOS Points

I have about 70,000 British Airways AVIOS points from 3 years ago. At one time, you could book, thru British Air, flights on local airlines for low point amounts that would cost a lot in dollars. For example, you could book round trip Pittsburgh to NYC for about 15,000 points ($150) whereas the cash...
by Leesbro63
Sun Oct 14, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14254

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Here is a nice article by physician on fire. I think we are way too conservative! https://www.physicianonfire.com/money-to-your-grave/?ck_subscriber_id=198528596 Interesting article. Thanks for posting. Yes. Planning for a 30+ year retirement duration and dying earlier with "too much" would indeed ...
by Leesbro63
Sun Oct 14, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14254

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Here is a nice article by physician on fire. I think we are way too conservative! https://www.physicianonfire.com/money-to-your-grave/?ck_subscriber_id=198528596 Interesting article. Thanks for posting. Yes. Planning for a 30+ year retirement duration and dying earlier with "too much" would indeed ...
by Leesbro63
Fri Oct 12, 2018 9:43 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 283
Views: 243217

Re: A time to EVALUATE your jitters

Unless it’s like 1973-4 where BOTH stocks AND BONDS get pounded
by Leesbro63
Fri Oct 12, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Website article on lawsuits over hospital balance / surprise billing
Replies: 56
Views: 2295

Re: Website article on lawsuits over hospital balance / surprise billing

From the artcle’s discussion of current lawsuits, it sounds like the issue of cash pricing is finally coming to a head.
by Leesbro63
Tue Oct 09, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

Providing another example of the power of the Chase Sapphire Reserve. Today I booked a two night stay in Washington DC (for next month) at a Hyatt Property. Cash rate for the room was $1,060 (all-in) while the award rate was 30,000 points. I transferred 30,000 of my Chase UR points to Hyatt (took l...
by Leesbro63
Sat Oct 06, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Switching From Medicare Advantage to Traditional Medicare
Replies: 12
Views: 1325

Re: Switching From Medicare Advantage to Traditional Medicare

I’m the original poster with an update. After considerable research, my friend says that United Healthcare will allow him to but a Traditional Medicare supplement for about $200/month. He will have to buy a Part D (Rx plan) as well. He claims that there are only 3 questions that have to be satisfied...
by Leesbro63
Tue Oct 02, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Switching From Medicare Advantage to Traditional Medicare
Replies: 12
Views: 1325

Re: Switching From Medicare Advantage to Traditional Medicare

I have reviewed the more recent threads regarding this issue. And it's still unclear to me if one can go from Medicare Advantage to Traditional Medicare. The situation is about a very good friend of mine with significant health issues (would not qualify for underwriting). He's 70 1/2 years old and ...
by Leesbro63
Tue Oct 02, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: Switching From Medicare Advantage to Traditional Medicare
Replies: 12
Views: 1325

Switching From Medicare Advantage to Traditional Medicare

I have reviewed the more recent threads regarding this issue. And it's still unclear to me if one can go from Medicare Advantage to Traditional Medicare. The situation is about a very good friend of mine with significant health issues (would not qualify for underwriting). He's 70 1/2 years old and h...
by Leesbro63
Sun Sep 30, 2018 6:34 am
Forum: Personal Consumer Issues
Topic: Fidelity Bets on Blockchain. What does this mean for us?
Replies: 7
Views: 1195

Fidelity Bets on Blockchain. What does this mean for us?

What exactly does "Fidelity Bets on Blockchain" mean for us investors? Are they getting into something new? Will it affect their ability to manage our money? If it's so great, why isn't Vanguard (and Schwab and others) doing the same too? What's this all about? Do we need to take some sort of action...
by Leesbro63
Fri Sep 28, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5950

Re: SS 2019 COLA could be close to 3%

snip ..... So is this higher inflation kinds of back-door good new for wealthier retirees...who would have even higher premiums to subsidize those "held harmless" if inflation had been lower? Great! We get about another $1,000 in SS before tax - and the buying power of the portfolio goes down by $3...
by Leesbro63
Tue Sep 25, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Equities as a hedge against inflation
Replies: 36
Views: 2484

Re: Equities as a hedge against inflation

I think equities generally work well as an inflation hedge over long periods of time. But in the short run, maybe not so much. In Weimar Germany's hyperinflation, equities did the best to preserve buying power. In the 1970s, inflation ran ahead of equities. But in the 1980s stocks caught up and then...
by Leesbro63
Tue Sep 25, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Potential Claw-Back from IRS of Gifted Assets
Replies: 14
Views: 2159

Re: Potential Claw-Back from IRS of Gifted Assets

I recently found this (below). It doesn’t directly address the issue of large gifts made before 1/1/26. But the fact that they did not retroactively raise the gift tax rate in late 2010 suggests a precedent. Which is for NOT clawing back tax on large gifts made before the gift tax exemption reverts ...
by Leesbro63
Sun Sep 23, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

I already returned my Max. I was playing with it still in bed first thing this morning and dropped it onto my face. It's unwieldy for something that is supposed to be intuitive... I was amused at this comment because I feel so completely opposite. When I went from a 7Plus to the X last year, the X ...
by Leesbro63
Sat Sep 22, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

$1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. No. Just, no. There is no conceivable feature Apple could add on top of the basic required functionality that would justify this price. I'll keep my $200 32Gb iPhone SE. It still works just fine. +1000. Dear God, it is a phone. $1,100...
by Leesbro63
Fri Sep 21, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

I ordered an XS to replace my 3.5 year old 6 last weekend. I happened to walk my the local Apple store at its 8:00 AM opening today and there were maybe 30 people waiting so I easily could have gotten in to buy out of inventory rather than getting it delivered in a few weeks. That’s exactly what I ...
by Leesbro63
Fri Sep 21, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

UPDATE BY THE ORIGINAL POSTER (me): I got the MAX phone today and like it a lot. Much better than the X. That being said, it's not THAT much better than my old iPhone7Plus. If you are into it like me and have the bux to play with, then go for it. But if you have a 7 plus or 8 plus, you won't miss to...
by Leesbro63
Fri Sep 21, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

JBTX wrote:
Fri Sep 21, 2018 9:37 am
I'll probably net around $4000-$5000 this year in various bonuses, without a lot of effort. To each his own.
[ quote fixed by admin LadyGeek]

The real money is in the brokerage bonuses, if you have a nice nest egg.
by Leesbro63
Fri Sep 21, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

The CC insurance pays only (AFAIK) the damage/theft etc to the rental car, not to the other parties. If you damage the rental car, primary insurance (which is rare, and only on a handful of more expensive cards like CSR) will pay the damage and your car insurance will not be involved. Presumably wi...
by Leesbro63
Thu Sep 20, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

What is/are the main benefit(s) of the Chase Sapphire Reserve card ($450/yr with $300 reimbursement) versus what I have, the Chase Sapphire Preferred ($95/yr with no reimbursement).
by Leesbro63
Wed Sep 19, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4101

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

OP, more important for your grandma and her heirs is estate planning. What steps, if any, has she taken? Has she created a trust? With a $7M portfolio, her estate is greater than the individual exemption, exposing her estate to taxes potentially at the highest bracket. This is not correct, although...
by Leesbro63
Wed Sep 19, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 11126

Re: Umbrella Policy: Right amount for $7 mil net worth?

Would strongly recommend non-owned auto insurance as I see that as your biggest exposure. For me, umbrella would depend on where you live and what you drive. If you lived in/rented in a billion dollar downtown condo/apt building, I would be inclined to carry a very large umbrella policy as renter's...
by Leesbro63
Wed Sep 19, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Puerto Rico as legal tax Haven?
Replies: 20
Views: 3716

Puerto Rico as legal tax Haven?

Can this be true? And if so, why hasn’t it been widely reported?

https://www.gq.com/story/how-puerto-ric ... super-rich


“Act 22 goes much further: It makes Puerto Rico the only place on U.S. soil where personal income, capital gains, interest, and dividends are untaxed.”
by Leesbro63
Tue Sep 18, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

Those are benefits for the Chase Sapphire, not the Sapphire Preferred. The Sapphire is and has been unavailable for new sign ups for years but is an available downgrade option. Wow, thanks, did not know this! The CSP has more value than I thought... The only reason I keep the CSP and pay the $95/yr...
by Leesbro63
Tue Sep 18, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576038

Re: What's Your Credit Card Rewards Strategy?

I am thinking of canceling my Chase Sapphire Preferred (CSP) card, because I have two other cards that perform CSP's functions: - Chase Ink Preferred has 3x on travel expenses - Chase Ink Cash has 2x on restaurants Chase Ink Preferred allows me to: - book on the Chase portal at 1.25 redemption rate...
by Leesbro63
Fri Sep 14, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

You do realize that even though the 7 Plus is physically larger than the X (6.23" x 3.07" for the 7 Plus, 5.65" x 2.79" for the X), the display on the X is actually larger (5.8" for the X. 5.5" for the 7 Plus)? This is what you gain by losing the top and bottom bezel. It's a very common misconcepti...
by Leesbro63
Thu Sep 13, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 5175

Re: Ray Dalio’s latest fearmongering round

He's a gazillionaire, OK. But I've noticed that there are many of those who, despite their ability to accumulate great wealth, STILL have made many bad predictions...even a whole pattern of bad predictions. Bill Gross comes to mind, offhand. How's Dalio's track record? Some people including you I a...
by Leesbro63
Thu Sep 13, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 5175

Re: Ray Dalio’s latest fearmongering round

gmaynardkrebs wrote:
Thu Sep 13, 2018 10:37 am
I'm not so sure the Depression didn't return, except for the USA.
Kinda like the opposite of "other than that, how was the play Mrs. Lincoln?"
by Leesbro63
Thu Sep 13, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 5175

Re: Ray Dalio’s latest fearmongering round

I guess my devil's advocate argument is that there were so many experts with great records who missed 2008. And many who got 2008 right but got the aftermath wrong. We all know that we're experiencing debt levels high by historic standards. But, as Jack Bogle says, "nobody knows nuthin' ". In this ...
by Leesbro63
Thu Sep 13, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 5175

Re: Ray Dalio’s latest fearmongering round

I guess my devil's advocate argument is that there were so many experts with great records who missed 2008. And many who got 2008 right but got the aftermath wrong. We all know that we're experiencing debt levels high by historic standards. But, as Jack Bogle says, "nobody knows nuthin' ". In this c...
by Leesbro63
Thu Sep 13, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio’s latest fearmongering round
Replies: 53
Views: 5175

Re: Ray Dalio’s latest fearmongering round

He's a gazillionaire, OK. But I've noticed that there are many of those who, despite their ability to accumulate great wealth, STILL have made many bad predictions...even a whole pattern of bad predictions. Bill Gross comes to mind, offhand. How's Dalio's track record?
by Leesbro63
Thu Sep 13, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

wabbajack wrote:
Thu Sep 13, 2018 8:20 am
Before you rush out and get the new bigger model, have you considered increasing the text size / scale on your iPhone X?

Did that. Meh. I still have to scroll left to right etc etc to read a whole page. Not the case with my old Plus. I cannot wait for an "EXCESS MAX" :)
by Leesbro63
Thu Sep 13, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

lazydavid wrote:
Thu Sep 13, 2018 8:06 am
Leesbro63 wrote:
Thu Sep 13, 2018 7:51 am
How about this one: Isn't the Lexus ES350 just a Toyota Camry with nicer trim?
No.
Hey, I tried! 8-)
by Leesbro63
Thu Sep 13, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

Are 80" 4K TVs cheaper than 20" tube TVs? Complete strawman considering nothing even remotely resembling the latter has been available new for over a decade at this point. More saliently, I paid half as much for a 49" Sony 4k Smart TV as I did the no-name 37" 1080p monitor it replaced. So yes, tech...
by Leesbro63
Thu Sep 13, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

I think the XR is going to sell HUGE. 98% of the utility of the XS for 75% of the price. But how can I show that I'm rich, successful, and better than you if I don't have the golden iPhone XS Max? The XR is clearly for poor people. Anybody who cares enough about specs to know that the XR/XS are nea...
by Leesbro63
Thu Sep 13, 2018 7:49 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

The keynote just ended. $1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. It looks to be negligibly larger in form than a "Plus" model. I do not understand how Apple can continue to raise prices like this, and I'm a huge Apple fan going on 20 years. You can pre order 9/14 and release...
by Leesbro63
Thu Sep 13, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

I think the XR is going to sell HUGE. 98% of the utility of the XS for 75% of the price. But how can I show that I'm rich, successful, and better than you if I don't have the golden iPhone XS Max? The XR is clearly for poor people. Anybody who cares enough about specs to know that the XR/XS are nea...
by Leesbro63
Thu Sep 13, 2018 6:22 am
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 42
Views: 5767

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

OH has had he option for several years now. No extra fees (just 2 X the registration charges), can be done online, can be deducted from your checking account - one drawbacks is that you have to stick the sticker on the plate they don't come out and do that. :D Pennsylvania got rid of the stickers. ...
by Leesbro63
Wed Sep 12, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it...
by Leesbro63
Wed Sep 12, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it...
by Leesbro63
Wed Sep 12, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

I dont get the newest iphone craze, everyone has to have it. I have been using a 6S for 2 yrs and it works great. My mom has an iphone 8, I can’t tell the difference between my phone and hers. Same size, same operating system, etc. I typically pay $200 for a new phone every couple of years. I bough...
by Leesbro63
Wed Sep 12, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

bloom2708 wrote:
Wed Sep 12, 2018 1:54 pm
XS Max is 6.5"

Bigger screen but same form factor as the 8 Plus.

I'll give you $300 cash money for your X. :wink:
Actually, I WILL sell it for what the market will bear. I am guessing that this will be about $500, but I'm not sure.
by Leesbro63
Wed Sep 12, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

Re: iPhone XS Max

The keynote just ended. $1100 for the cheapest iPhone Xs Max at 64 gigabytes of storage. It looks to be negligibly larger in form than a "Plus" model. I do not understand how Apple can continue to raise prices like this, and I'm a huge Apple fan going on 20 years. You can pre order 9/14 and release...
by Leesbro63
Wed Sep 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15783

iPhone XS Max

As many of you remember, I bought an iPhoneX last year to replace my old iPhone7Plus. I have been disappointed in the size of this phone, as compared to the older, more robust ("bigger") PLUS phone. It's hard t read with the X but I had no trouble doing so on my 7Plus. OK, so I'm willing to suck it ...
by Leesbro63
Sun Sep 09, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 70
Views: 4745

Re: Buying a new Toyota Camry. What extra options if any?

Retired dealer employee here, daughter purchased an 18 Avalon late last year, my close friend purchased an 18 Corolla in March. Both are very happy with Toyota, the product and respective dealers. The dealer is a VIP, (value in purchase) partner for long term ownership experience. You mentioned you...