Search found 973 matches

by bberris
Mon Jun 18, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: successful chase sapphire paid auto claim with rental abroad
Replies: 12
Views: 982

Re: successful chase sapphire paid auto claim with rental abroad

Trip cancellation insurance with Chase sapphire was only partly successful for me. I claimed the full price of my plane tickets (bargain $550 each for MSP to FCO). But they only paid the change fee ($300). Rebooking after we felt good enough to travel would have cost over 1000 each. We did not reboo...
by bberris
Sat Jun 16, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Rule of 55 is it official?
Replies: 50
Views: 9306

Re: Rule of 55 is it official?

Update: The following could be incorrect. Sorry but the age-55-rule is not available in all 401(k) plans. The IRS allows it, but many plans do not implement it. So it turns out that one cannot really get advice about this rule of 55 from an internet forum. One has to check with their own plan admin...
by bberris
Sat Jun 16, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11356

Re: MD&P just purchased X / sold Y [md&pharmacist]

As far as I can gather, he screens for funds with recent outperformance (the power of the internet!). There is sort of a method to this madness. He seems to be following a momentum strategy that is wildly inefficient but somewhat effective. Much easier and cheaper to just buy MTUM. And MTUM is also ...
by bberris
Thu Jun 14, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11356

Re: MD&P just purchased X / sold Y [md&pharmacist]

HomerJ wrote:
Wed Jun 13, 2018 1:23 am
...

Again, to be clear, you have $1.5 million invested, and $1.5 million sitting in cash because you believe a crash is coming correct?

I wish you the best of luck.
Maybe the cash is there to offset the risk of the leveraged ETF. Genius!
by bberris
Wed Jun 13, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11106

Re: Are you including SS in your planning model? Are the benefits really that high?

Plan for no SS, no pension, 0% real growth, elimination of Roth and HSA tax advantages, inability to work past 65, death of a spouse, a 100-year lifespan with the last 20 years in assisted living, and a zombie apocalypse, and you'll be fine. If things turn out rosier, that's just extra gravy. I emb...
by bberris
Wed Jun 13, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11106

Re: Are you including SS in your planning model? Are the benefits really that high?

It's a little weird that people here think their stock market investments are ironclad guarantees but social security is hopelessly lost.
by bberris
Mon Jun 11, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2272

Re: What does "tap into" the Social Security trust fund mean?

But bonds are IOUs. "They" pay interest but isn't the "They" us? Where do the dollars come from to pay this interest? From us? So do we borrow more money to pay this interest? You're right. The trust fund is a debt and an asset of the US govt. The obligation and the asset cancel. So it is a non ent...
by bberris
Sun Jun 10, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: Best HEPA air purifier for cat allergy sufferer?
Replies: 13
Views: 756

Re: Best HEPA air purifier for cat allergy sufferer?

At risk of giving medical advice, you need drugs. There are lots of good ones OTC. I don't see how a filter could be efficient enough to prevent allergy symptoms.
by bberris
Sun Jun 10, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11356

Re: MD&P just purchased X / sold Y [md&pharmacist]

mortfree wrote:
Sun Jun 10, 2018 10:20 am
What is on your watch list, MDP?
You can screen for highly leveraged ETFs. You know, the ones that generate 40 % returns if the market goes up 10 %.
by bberris
Sat Jun 09, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 76
Views: 12278

Re: Why Edward Jones?

I don't understand how the AUM business model came into existence, or why people put up with it. For what other service do you pay a portion of your life savings each and every year? Advice does not scale with the size of your portfolio. The older model is the brokerage model, where the adviser get...
by bberris
Sat Jun 09, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Is investing in Peer-to-Peer Lending good ?
Replies: 16
Views: 1280

Re: Is investing in Peer-to-Peer Lending good ?

At the risk of hijacking the thread, the posters reporting their experiences with LC remind me of my experience with online poker. At first, I was winning hand over fist when the poker craze hit. Later, I achieved diminished returns and then started losing. So what happened? The marks who thought th...
by bberris
Thu Jun 07, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3349

Re: Found an FSBO home for sale. How to avoid Realtor?

You can, but as a buyer you aren't paying for the realtor's services so it doesn't make a lot of sense. The seller will be paying your realtor fee. And yet the money must come from somewhere. The seller is a charitable person. The seller could sell without paying the buyer's commish, but he would r...
by bberris
Tue Jun 05, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: Driving through Venice - Stay in Venice or Mestre??
Replies: 9
Views: 865

Re: Driving through Venice - Stay in Venice or Mestre??

Mestre has all the charm of St. Louis. Stay in Venice, and make sure you travel light. You might not need to take the expensive boat to your hotel; you can walk across Venice in 30 min, but crossing lots of bridges and steps that could be difficult with heavy luggage. I visited St. Marks Cathedral a...
by bberris
Tue May 29, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?
Replies: 92
Views: 5425

Re: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?

A currency union is very different than a currency peg. The concept of devaluation doesn't really apply. It would take many years to leave the euro in an orderly, sane way - just as it took many years to enter it. Entry and exit are not symmetrical problems in any way. In both cases, you're transit...
by bberris
Wed May 23, 2018 6:11 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 103
Views: 7692

Re: US T bills - first time user

Here's a quote from Treasury: "At the close of an auction, Treasury awards all noncompetitive bids that comply with the auction rules and then accepts competitive bids in ascending order of their rate, yield, or discount margin (lowest to highest) until the quantity of awarded bids reaches the offer...
by bberris
Tue May 22, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 103
Views: 7692

Re: US T bills - first time user

I thought that all buyers (competitive and non) pay the same price at treasury auctions; the lowest price that clears the offer. I pay TDAmeritrade the same price for new issue tbills as reported on the treasury website to 4 decimals. Maybe they rake a penny here and there, like they did on "Office ...
by bberris
Tue May 22, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 103
Views: 7692

Re: US T bills - first time user

Buy new issues if you can to avoid the spread. Some brokers charge some customers a fee, so check first. Or you can use treasury direct.
by bberris
Mon May 21, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 3141

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

And I guess get used to these stupid stereo types. I live in an area with over 7 million people, can't remember the last time I saw a cowboy hat or gun rack. x2 (though the Austin area is quite a bit smaller than 7 million). I've never seen a gun rack in ANY vehicle here, and I'm on the outskirts o...
by bberris
Mon May 21, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: HSA account using later
Replies: 6
Views: 587

Re: HSA account using later

I’m fortunate to not need the HSA to cover annual expenses now, so I max out and invest in VTI. Probably a lot of BHs do he same, although it seems a lot of people I know in RL do not. It’s best investment account available; tax free in and tax free out. I like how you can withdrawal at any point i...
by bberris
Sun May 20, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 3141

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

... Look out for the guns. The murder rate in Texas is lower than almost all the southern states, about half the rate in Louisiana, lower than Alaska, Maryland, Illinois, Ohio, New Mexico, and Virgina. You don't need a passport to go to Texas if you are a US citizen. But if you are traveling US 90 ...
by bberris
Sun May 20, 2018 6:42 am
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 3141

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

FlyAF wrote:
Fri May 18, 2018 11:19 am
And I guess get used to these stupid stereo types. I live in an area with over 7 million people, can't remember the last time I saw a cowboy hat or gun rack.
Pointy boots and spurs. Forgot those.
by bberris
Sat May 19, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20193

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Buffet wants everyone to drive up Apple's stock price for obvious reasons. He is a little less slimy than Icahn. I'm a Buffett skeptic, but that's really unfair. There's more about Saint Warren. I won't discuss it here but you can look up Haiti, the Clinton Foundation, and his Clayton Homes. He was...
by bberris
Fri May 18, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10768

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

Excellent troll, OP. I don't think so. He seems earnest. There are lots of threads where people believe that they can achieve the unlikely or the impossible if only they find the right advisor or newsletter, or mutual fund, and that is on Bogleheads! You know, the ones who have a strategy: buy low,...
by bberris
Fri May 18, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: New 2018 Nissan Leaf (with 150 mi range)
Replies: 52
Views: 5134

Re: New 2018 Nissan Leaf (with 150 mi range)

harrychan wrote:
Thu May 17, 2018 10:34 pm
I looked deep into the Leaf's depreciation and it depreciates 50% by year 2 and 55% by year 3. Go figure...
I figure it's due to having no subsidy as a used car.
by bberris
Wed May 16, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1672

Re: Better to be in debt to yourself or others?

The 401k loan is not a loan, it is a withdrawal, followed by increased contributions. So you are essentially withdrawing from your 401k to pay off debt; you are deleveraging. That's fine if that is your intention, but always keep in mind what is really going on, not just the words being used.
by bberris
Wed May 16, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 44
Views: 5796

Re: Best options for cash in Schwab brokerage accounts?

4-week, or 13 week tbills are my choice (at TDA, but I assume you get them at auction for free at Schwab too).
TDA recently disclosed $1 markup for buys and same markdown for sells per 1,000 bond. No transaction cost if you hold to maturity.
by bberris
Sat May 12, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: [Bloomberg to Launch Cryptocurrency Index]
Replies: 8
Views: 873

Re: The Cryptocurrency IYndex ETF is here

..... They are ETNs not ETFs, so I guess they are a promise to pay the investor rather than a genuine asset ownership. All investments and bank accounts are a promise to pay. Even cash money is just a promise to pay. I guess the exception is a physical commodity, but you still need a buyer somewhere.
by bberris
Fri May 11, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2143

Re: Picking up New Subaru-Worth buying extended warranty?

The selling of extended warranties requires excellent timing and skill. First you have to sell the customer on the reliability of the new car. Then you have to convince the mark that the car is not that reliable. That is why EW are sold in the finance room.
by bberris
Fri May 11, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: When to exercise options at public company?
Replies: 6
Views: 593

Re: When to exercise options at public company?

In case this isn't clear, the value of the options grant is always taxed as ordinary income, no matter the holding period. It is only the increase of the grant value that would be taxed at long term CG rates if you hold long enough. Knowing that, there is no reason to exercise before expiration. If ...
by bberris
Thu May 10, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2727

Re: Pay capital gains now, avoid ACA cliff later?

Another possibility is borrowing to meet your living expenses until medicare kicks in or ACA is otherwise over. There's at least one thread on asset-based lending. Except for Interactive Brokers, most of the discounters have very high margin rates. I have a margin loan I took out years ago, before ...
by bberris
Thu May 10, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2727

Re: Pay capital gains now, avoid ACA cliff later?

New information. I found out I can get Cobra insurance from my employer for 18 months. I'd like to retire in June,2020, then Cobra will cover me for the rest of that year and the next year. I could realize my big gains in that time period and not worry about ACA cliff. Does that sound like a good p...
by bberris
Tue May 08, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: Can COBRA coverage be extended indefinitely?
Replies: 13
Views: 1342

Re: Can COBRA coverage be extended indefinitely?

COBRA is a federal law, that requires large companies to extend health insurance for 18 mo after separation under certain terms (mainly that you pay all the cost). What you are talking about, after COBRA expires, is a voluntary benefit a company could decide to offer, or could decline to offer or co...
by bberris
Mon May 07, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 6254

Re: When to buy new underwear?

Wear your spouses underwear until you hit 70, then claim your own. I believe this is allowed under current law.
by bberris
Sun May 06, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Offer Up/equivalents for Real Estate sales
Replies: 5
Views: 520

Re: Offer Up/equivalents for Real Estate sales

You are probably better off negotiating a private sale. Those "We buy ugly houses" guys just turn around and do that.
What does your contract with the property manager say about sales and showings? If he doesn't comply, fire him.
by bberris
Sun May 06, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1116

Re: Estimated Tax not allowed to consider Qualified Dividends?

The worksheet was made for the era of Bartleby the scrivener, green eyeshades and sleeve straps. Use a real tax estimator like this one:

https://sites.google.com/site/excel1040 ... ew-tax-law
by bberris
Sat May 05, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 5159

Re: How do brokerages make $s on cheap index funds?

If we want an estimate of the costs associated with operating a large index fund, all we need do is look at Vanguards published ERs. Since V operates at cost, those are the costs. For any other company offering comparable ERs, there cannot be much if any profit to be made. If there were, V would ha...
by bberris
Fri May 04, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Market timing required
Replies: 1
Views: 447

Re: Market timing required

It makes no sense to exercise unless it is in the money at expiration date. And there is no reason to exercise until just before expiration. You don't want to expose your own money to the risk of the stock. Unless I am misunderstanding the situation, you would only pay ordinary income tax on the inc...
by bberris
Fri May 04, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Bank loan
Replies: 6
Views: 537

Re: Bank loan

The point is to make it more difficult for you to compare loans. Presumable they quote an official APR, which will be higher than 5.1
by bberris
Fri May 04, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: How often ETF’s split?
Replies: 7
Views: 877

Re: How often ETF’s split?

I don't see why they would split. You can buy a single share for free. I can see why they reverse split.
by bberris
Thu May 03, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security for Widow Question
Replies: 31
Views: 2215

Re: Another Social Security for Widow Question

I think you should consult one of the calculators. At first glance, it looks like you should claim your own benefit now, and switch to survivor's at FRA. Your own benefit increases past FRA to 70, but survivor's only increases until you reach FRA. If you waited, even until you were 70, to claim your...
by bberris
Wed May 02, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance - inquiry
Replies: 7
Views: 865

Re: term life insurance - inquiry

Buy a new policy if you need it, but don't cancel the old one. Level term is a bargain in the latter half of its term. Think about it this way: your risk of dying increases each year, but the insurance is charging you the same price. I've looked at several policies, including mine, that have positiv...
by bberris
Wed May 02, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Nontraditional Cruising
Replies: 21
Views: 2395

Re: Nontraditional Cruising

Get another couple and charter a boat from Greece. The price will be comparable to a cruise if you hire a skipper and cook.
by bberris
Wed May 02, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1442

Re: Buying MM fund right before distribution day!

I'm trying to decide if OP is joking, or if the responders are kidding, or all of the above.
by bberris
Mon Apr 30, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2515

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

What would be the benefit to a company for imposing such limits? If the benefit of 401k participation is overly tilted to highly compensate employees they could be forced to take back contributions. This is by IRS regulation. So your company has decided to limit the size of contributions to avoid t...
by bberris
Sun Apr 29, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 16
Views: 2207

Re: How To Handle Auto Accident Insurance Company Letter

Talk to your own insurance if you want to, but they do not represent you as an injured person. You need your own lawyer for that.
If you are sued, your own insurance will represent you to an extent, but their goal is to minimize their loss, not yours.
by bberris
Sun Apr 29, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2515

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

What would be the benefit to a company for imposing such limits? If the benefit of 401k participation is overly tilted to highly compensate employees they could be forced to take back contributions. This is by IRS regulation. So your company has decided to limit the size of contributions to avoid t...
by bberris
Sat Apr 28, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed and waay out of my league
Replies: 41
Views: 5350

Re: Newly widowed and waay out of my league

I am 62 and am receiving a small amount of money from Social Security. Are you collecting your own social security benefit or your late husband's benefit as a widow? if you are collecting your own benefit now, you can collect as a widow later. If you file at your full retirement age for a widow (sh...
by bberris
Thu Apr 26, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pension and Social Security
Replies: 11
Views: 1685

Re: Pension and Social Security

Thanks RK. That's what i thought too. Now the big question is whether to take a Lump Sum payment or monthly payment for life. That one is easy. Just get a quote for how much you would have to pay for an SPIA that pays what the pension does. Unless you know something about your longevity ... Anyway,...
by bberris
Thu Apr 26, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 67
Views: 9190

Re: Unprecedented Event

JoeRetire wrote:
Wed Apr 25, 2018 7:19 am
pkcrafter wrote:
Tue Apr 24, 2018 8:45 pm
Do you believe the U.S. stock market could experience an unprecedented event?
Yes.

A zombie apocalypse could happen too. But they all seem unlikely.
I'm not concerned. The government has a plan to deal with zombies. Seriously.
by bberris
Wed Apr 25, 2018 7:02 am
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 1719

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

And lastly, you can do the same thing as the insurance co offering FIA at much lower cost. The publicly-traded insurance companies disclose exactly how they achieve these results (no loss of principal, some chance at appreciation) and it is relatively simple. 1. Buy bonds. 2. Use some or all of the ...