Search found 6517 matches

by TomatoTomahto
Sat Oct 21, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I apply for financial aid if my company reimburses tuition?
Replies: 10
Views: 664

Re: Should I apply for financial aid if my company reimburses tuition?

Presumably the company has reasons to offer this perk. Use it in good conscience.
by TomatoTomahto
Sat Oct 21, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 56
Views: 2600

Re: Paying for medical school for son?

I have no experience with medical school debt, so this might be inapplicable: my son reports that the kids with significant student debt had far less freedom and far more stress in selecting between job offers and graduate schools than their less encumbered classmates. I firmly believe that students...
by TomatoTomahto
Fri Oct 20, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is savings a substitute for life/disability insurance?
Replies: 3
Views: 235

Re: Is savings a substitute for life/disability insurance?

Is a large savings a good substitute for life insurance and/or disability insurance? For example, savings equal to or greater than the insurance payout? Extrapolating, do the uber-rich carry these policies? What’s Uber-rich? We are not what I consider Uber-rich, but we are comfortable. We no longer...
by TomatoTomahto
Fri Oct 20, 2017 5:13 pm
Forum: Investing - Theory, News & General
Topic: Has the general public ever been correct about market crashes?
Replies: 35
Views: 1977

Re: Has the general public ever been correct about market crashes?

You know what they say about even a stopped clock being right twice a day.
by TomatoTomahto
Fri Oct 20, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Out of BND and into VTI or VEU?
Replies: 21
Views: 1506

Re: Out of BND and into VTI or VEU?

Respectfully, if I am correct that you have 900k-1M in cash right now, I’d concern myself with that issue before worrying about your bonds. Why so much cash? You don’t need to be more aggressive. You need to understand that recent performance is unlikely to continue indefinitely. We would all love f...
by TomatoTomahto
Fri Oct 20, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: idiot proof router?
Replies: 20
Views: 1415

Re: idiot proof router?

Yes, it will work as long as you plug in a working Ethernet cable from “upstream” and one or more cables for “downstream.”
by TomatoTomahto
Fri Oct 20, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

Just a thought, he's probably got access to better information from fellow travellers and the future worldly employer than this forum. After a certain point in life, asking the parent isn't the best solution :D . Lol, yes, you’re right. He’s light-years ahead of me in many ways, but I think he thro...
by TomatoTomahto
Fri Oct 20, 2017 6:31 am
Forum: Personal Consumer Issues
Topic: idiot proof router?
Replies: 20
Views: 1415

Re: idiot proof router?

I have a few Ethernet switches in my house. Cheap. Will do exactly what you want. Reliable. You most definitely can use more than one device at a time. Here’s one, but there are many others: https://www.amazon.com/NETGEAR-FS605NA-5-Port-Ethernet-Switch/dp/B00006B9H8 ETA: If you want wireless and eas...
by TomatoTomahto
Fri Oct 20, 2017 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

This doesn't even account for the pain that your taxes become when you have a significant amount of money in a foreign account! Do not open an acccount in the U.K. unless you have to because their Dept of Revenue makes the IRS look sweet and polite... the U.K. demands FULL U.S. and U.K. Bank info! ...
by TomatoTomahto
Thu Oct 19, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: VIMAX [unable to purchase from broker]
Replies: 6
Views: 443

Re: VIMAX [unable to purchase from broker]

Thank you both very much. After reviewing VIMSX I will exchange that for VIMAX - most indicators are similar (and performance history is actually a bit stronger) David AFAIK, the funds are identical, except that VIMSX has higher fees (as Investor class) than VIMAX (Admiral class). The performance e...
by TomatoTomahto
Thu Oct 19, 2017 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Investing in private companies
Replies: 31
Views: 1903

Re: Investing in private companies

Small point, but I thought that the definition of an accredited investor was In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two ye...
by TomatoTomahto
Thu Oct 19, 2017 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

Thanks hyperborea. I should have asked before his trip. By trial and error, he stumbled onto an ATM at the back of a 7-11. I will suggest a Capital One account to him. People at his (next year’s) employer travel a lot, so they have in-office mid-price markets to deal with currency surplus, but he wi...
by TomatoTomahto
Wed Oct 18, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

I can't see him not taking a haircut if attempting to deposit foreign cash or a foreign check whether he has a multi-currency account or not. He is going to have to make an electronic transaction if he wants to save on fees. Instead of a check he probably should have had the other party use Transfe...
by TomatoTomahto
Wed Oct 18, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

Your son sould also look into IBKR alhough IB has inactivity fees ( $3 per month for age less than 25, $10 otherwise - no inactivity fee if equity below 100k). IB account can hold 20+ currencies and known for great forex rates, low commission. They also have a master card debit card linked to broke...
by TomatoTomahto
Wed Oct 18, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

If it is mainly used for travel, he should just throw his left-over foreign currency in an envelope and put it where he will find it before going on the next trip. It's not like he's going to be stashing thousands away each time, but the fees to monitor small amounts of left-overs for him would out...
by TomatoTomahto
Wed Oct 18, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

There are ETFs that invest in various currencies, but their risks are different than for stock-based ETFs and they can be quite volatile. https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-foreign-currency-etfs He’s not really looking for investment opportunities; he wou...
by TomatoTomahto
Wed Oct 18, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

[...]He’ll learn, and someday, he might decide to fill an unmet need himself. Maybe he can start a low-cost HSA bank/servicer ;-) I would not be surprised if, after he gets a bankroll, he sets out to solve an unmet need with some like-minded of his cohort. The friction he feels reveals an opportuni...
by TomatoTomahto
Wed Oct 18, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

There are ETFs that invest in various currencies, but their risks are different than for stock-based ETFs and they can be quite volatile. https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-foreign-currency-etfs He’s not really looking for investment opportunities; he wou...
by TomatoTomahto
Wed Oct 18, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

ETA: thIs is a kid who grew up hearing the gospel about low transaction costs and ERs in the single digit or teens of basis points. So, hearing about hundreds of bp to convert between common currencies sounds wrong to him.
by TomatoTomahto
Wed Oct 18, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

He’s young and idealistic. He thinks that companies should fill needs, as those needs are discovered, and that commerce should be low friction. He’ll learn, and someday, he might decide to fill an unmet need himself. Without knowing what he found lame about the many existing solutions, it is hard t...
by TomatoTomahto
Wed Oct 18, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

Maybe an even simpler option would be to have him sign up for a credit card with no foreign transaction fees. That way he can travel to as many countries as he wants, and never have to worry about different currencies and transaction fees. Also, this gives him most value for his dollars and helps b...
by TomatoTomahto
Wed Oct 18, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

For sake of simplicity, I think cashing the Euros and keeping the cash for future European trips is the best bet. Opening a multi-currency account just for 600 Euros doesn't seem like its worth the hassle. He’s young, and the expectation is that he will be traveling a lot after college. This year, ...
by TomatoTomahto
Wed Oct 18, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Re: Multi-currency accounts for US citizen

For sake of simplicity, I think cashing the Euros and keeping the cash for future European trips is the best bet. Opening a multi-currency account just for 600 Euros doesn't seem like its worth the hassle. He’s young, and the expectation is that he will be traveling a lot after college. This year, ...
by TomatoTomahto
Wed Oct 18, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 1547

Multi-currency accounts for US citizen

My son recently received a check, denominated in Euros, while in Japan. The check was for close to 600 Euros. He will also be returning with some left-over yen. He asked what is involved in setting up a multi-currency account in the US. He intends to travel next summer, perhaps just to Europe, but a...
by TomatoTomahto
Wed Oct 18, 2017 7:22 am
Forum: Personal Consumer Issues
Topic: Recommendations on truck/suv/crossover/wagon with comfortable seating
Replies: 11
Views: 737

Re: Recommendations on truck/suv/crossover/wagon with comfortable seating

But try driving a new-ish CPO XC60 and compare the "ride". Now that you mention it, you’re right. Both XC60s “ride better” now than when they were new. I had a Mercedes 300E, back when the letter followed the number, almost 30 years ago. I was astounded that it drove better over time, and when I so...
by TomatoTomahto
Tue Oct 17, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Premier Choice being suggested by agent for health insurance
Replies: 17
Views: 6736

Re: Premier Choice being suggested by agent for health insurance

I've just been quoted this for my wife and two kids who are downgrading from BCBS platinum since we had our daughter this past March. Found this thread and confronted agent about it. He claims Trumps executive order makes penalty null and void. Anyone shed light on this or is it total BS? Penalty s...
by TomatoTomahto
Tue Oct 17, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 6848

Re: Vanguard expects "decent sized correction" soon

I’ve known that I will die “at some point” for a while now, but I would be concerned if my doctor told me I would die “soon.”

I’m going to assume an Elon Muskian use of the word “soon.”
by TomatoTomahto
Mon Oct 16, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3119

Re: Bonus pushed back - should I be annoyed?

The reasoning seems odd though, from a cash flow perspective, what company wants to accumulate all pay outs worldwide on one date ? That makes a huge dent cash flow wise.....this only makes sense if they are trying to move around different fiscal year ends in different countries and streamline repo...
by TomatoTomahto
Mon Oct 16, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Giving Less in Dividends than Competitors?
Replies: 13
Views: 2060

Re: Vanguard Giving Less in Dividends than Competitors?

There are plain liars, fancy liars, and damned liars. I think you might have a fancy one there at UBS. Did he do a lot of hand waving?

Welcome to the forum. You have good instincts; trust them and not the UBS guy (nothing against UBS per se, but a salesman is a salesman).
by TomatoTomahto
Mon Oct 16, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3119

Re: Bonus pushed back - should I be annoyed?

Aren't bonuses a sort of "gift"? My bonuses were not guaranteed. No, neither were ours, but it is standard practice (in the finance area) for a new employer to "buy out" the unofficially accrued unvested portion of an employee's bonus if they're changing employers. So, they aren't really a gift fro...
by TomatoTomahto
Mon Oct 16, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Why not CDs instead of Short Term Bonds or TIPS
Replies: 24
Views: 3042

Re: Why not CDs instead of Short Term Bonds or TIPS

CDs are a good alternative for the "safe" portfolio. While the TIPS fund is good to have I don't include it in my Dr. Bernstein's concept of having 20* years in safe products. You are correct that it is somewhat volatile. In my "safe" portfolio I have short term bond funds and no loss of principal ...
by TomatoTomahto
Mon Oct 16, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: college application section - ec,volunteer,work activities
Replies: 10
Views: 727

Re: college application section - ec,volunteer,work activities

The reality is that most colleges don't really care about EC or other activities. They want your money and will take anybody with a suitable SAT score confirmed by GPA. I wouldn't stress too much about this at all. Colleges also know that if the student is working full-time flipping burgers that th...
by TomatoTomahto
Mon Oct 16, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Why not CDs instead of Short Term Bonds or TIPS
Replies: 24
Views: 3042

Re: Why not CDs instead of Short Term Bonds or TIPS

CDs are a good alternative for the "safe" portfolio. While the TIPS fund is good to have I don't include it in my Dr. Bernstein's concept of having 20* years in safe products. You are correct that it is somewhat volatile. In my "safe" portfolio I have short term bond funds and no loss of principal ...
by TomatoTomahto
Sun Oct 15, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime - Decline in Delivery Service?
Replies: 54
Views: 4191

Re: Amazon Prime - Decline in Delivery Service?

Crimsontide wrote:
Sun Oct 15, 2017 7:27 pm
No issues here. I continue to be amazed by their efficiency :sharebeer
In the past year, one delivery went missing, out of at least 100. They sent replacement items overnight. I’m in northern NJ.
by TomatoTomahto
Sun Oct 15, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Dental implants in Poland
Replies: 29
Views: 2312

Re: Dental implants in Poland

I think for procedures that have a short “run time,” e.g., coronary stents, joint replacement, LASIK, etc., going overseas is fine. I personally wouldn’t do it just to save a buck, but it could be fun to recuperate in a new environment and experiencing a new culture. Otoh, IME, implants are a multi ...
by TomatoTomahto
Sat Oct 14, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Tradelines
Replies: 36
Views: 1893

Re: Selling Tradelines

Credit scores are an attempt to identify problem consumers and potential employees, which is why I have a problem with increasing credit scores with this method. When you reduce the worth of a human being to a mere three digit number, the said human being has every right to increase self worth usin...
by TomatoTomahto
Sat Oct 14, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Dental implants in Poland
Replies: 29
Views: 2312

Re: Dental implants in Poland

I have had many implants placed, all in the US. I would not be opposed to getting them done elsewhere, but IME they often require a fair amount of follow up, most often for bite issues. I have had one set of implants fail. That results in a very long set of procedures to put in a second set. I don’t...
by TomatoTomahto
Sat Oct 14, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3840

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

HornedToad wrote:
Sat Oct 14, 2017 11:30 am
The newspaper example above would also be illegal.
I guess your sarcasm detector was inadvertently turned off. I will flag things more accurately in the future.
by TomatoTomahto
Sat Oct 14, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: anyone else not liking the new cars?
Replies: 129
Views: 9127

Re: anyone else not liking the new cars?

I find that anytime automobiles are drastically redesigned I hate the new design for about 2 years. After about 2 years, I get used to it and don't hate it anymore. It starts to look normal to me at that point, especially as other car mfrs start to copy the design and integrate it into their own mo...
by TomatoTomahto
Sat Oct 14, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Selling Tradelines
Replies: 36
Views: 1893

Re: Selling Tradelines

I've done enough churning and cancellation of unused cards, that my cards are too new to be much value. Also, I don't like boosting credit for deadbeats. Yup. For every person with bad credit because of some legit medical misfortune or something similar, there are a hundred people who have a bad cr...
by TomatoTomahto
Sat Oct 14, 2017 8:26 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3840

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I respectfully disagree. Just because something increases the risk of accident does not oblige you to avoid that activity. You should carefully consider your options and make an informed decision. I understand that the only way to avoid an accident completely is to not drive. I’m a bit less certain...
by TomatoTomahto
Sat Oct 14, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3840

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I may be in the minority on this issue on this forum but I think a responsible adult should be able to make the decision when/where/how to make a phone call. I understand that talking on the phone while driving increases the risk of accident. But I have the capacity to make educated decisions. For ...
by TomatoTomahto
Fri Oct 13, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3840

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

Good for you! I don’t know the legalities, but perhaps your point will be taken by the irresponsible ones. Anyone texting me while I’m driving gets an automated reply that I am not getting text notifications (thanks Apple). It advises them that, if it’s urgent, to call me, which would then go to my ...
by TomatoTomahto
Fri Oct 13, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 78
Views: 7251

Re: To take or not to take delivery of Tesla 3

I cancelled my reservation; it was painful after waiting a year and a half. I still have mixed feelings about it as I am very much in favor of EV's and I am in the group that should be bearing the cost so others can have them at some point. I just couldn't do it :(. Thank you for doing your part; y...
by TomatoTomahto
Fri Oct 13, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 78
Views: 7251

Re: To take or not to take delivery of Tesla 3

If Musk is a snake oil salesman, the world could use a few more like him. Everyone knows about his optimistic forecasts. Nothing new. He doesn't tell people to bid up the stock. For such a young man, he has many companies that most of us would be proud to have started a single one of. Bring on some ...
by TomatoTomahto
Thu Oct 12, 2017 7:56 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 81
Views: 6628

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

Well congratulations to them all. It seems very rare still a candidate from a state university has won. Don't know. Like the Big Ten for example. But several of those schools are not state university's. I usually do not pay much attention to emails from my kids’ old high school, but I am pleased to...
by TomatoTomahto
Wed Oct 11, 2017 6:44 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3015
Views: 884530

Re: What Movie Have You Recently Watched?

vbdoug wrote:
Wed Oct 11, 2017 6:26 pm
Run Lola Run. A very creative 1998 German film dubbed in English on some basic cable movie stations.
That’s one of my favorites of all time. I remember enough German to have enjoyed it with subtitles rather than dubbed. It has elements of Memento.
by TomatoTomahto
Wed Oct 11, 2017 10:28 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 172113

Re: Tesla S

Interesting concept. That would mean accelerating at greater than 9.8m/sec*2. You would have to roughly go from zero to 22 mph in one second. I don't know if that is theoretically possible. Considering it can go from zero to 60 mph in 2.28 seconds, I would consider it plausible that it could go fro...
by TomatoTomahto
Wed Oct 11, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 172113

Re: Tesla S

Interesting concept. That would mean accelerating at greater than 9.8m/sec*2. You would have to roughly go from zero to 22 mph in one second. I don't know if that is theoretically possible. Considering it can go from zero to 60 mph in 2.28 seconds, I would consider it plausible that it could go fro...
by TomatoTomahto
Wed Oct 11, 2017 6:33 am
Forum: Personal Consumer Issues
Topic: Ecuador safe to travel and hike?
Replies: 21
Views: 2201

Re: Ecuador safe to travel and hike?

We were there a decade ago, so keep that in mind. When we went out at night, we thought it was safe, but on reflection it did seem a bit dicey. Someone at our "hotel" (it was a boutique/student kind of place) apparently had a misadventure the night before, but they might have been pushing their luck...