Search found 7377 matches

by TomatoTomahto
Mon Aug 20, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Cashing a check
Replies: 6
Views: 298

Re: Cashing a check

You should suggest to your granddaughter that she write “deposited” on the face of checks after mobile depositing them. That’s what I do to assist my occasionally faulty memory.

PS that won’t solve the bank’s problem.
by TomatoTomahto
Mon Aug 20, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 26
Views: 1470

Re: Quant / Financial Technology Job Opportunities / companies in New York City

Simas, my experience (second-hand), is with the usual suspects: Citadel (not NYC), Jane Street, Two Sigma, DE Shaw, Hudson River Trading, etc., but it’s almost the opposite of what you’re saying. I was surprised that almost 100% of the hires were kids fresh out of college. True, they weren’t interes...
by TomatoTomahto
Sun Aug 19, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a house. Good idea?
Replies: 12
Views: 1481

Re: Paying cash for a house. Good idea?

We paid cash for our new house. I do not regret it. The mortgage company wanted us to jump through a zillion hoops for a mortgage of 20% of the purchase price. Most importantly, the mortgage company couldn't guarantee that they'd be done with their "process" by our preferred closing date. A "Private...
by TomatoTomahto
Sun Aug 19, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Sell taxable to increase basis?
Replies: 5
Views: 370

Re: Sell taxable to increase basis?

I believe that’s called Tax Gain Harvesting, the other side of the Tax Loss Harvesting coin.
by TomatoTomahto
Sat Aug 18, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 36
Views: 4609

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

The party in the states is ending slowly as rates rise. High end has already slowed a lot. Our house in Northern NJ is considered high end. It just went under contract for approx 20% less than realtors recommended listing it for, and we all considered it fairly priced. NY suburbs are experiencing s...
by TomatoTomahto
Sat Aug 18, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Real estate dropping like a rock in U.K. - can the U.S. be far behind?
Replies: 36
Views: 4609

Re: Real estate dropping like a rock in U.K. - can the U.S. be far behind?

The party in the states is ending slowly as rates rise. High end has already slowed a lot. Our house in Northern NJ is considered high end. It just went under contract for approx 20% less than realtors recommended listing it for, and we all considered it fairly priced. NY suburbs are experiencing s...
by TomatoTomahto
Sat Aug 18, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Good/Cheap Glucose Monitoring System.
Replies: 15
Views: 1124

Re: Good/Cheap Glucose Monitoring System.

The Freestyle Libre system is not as expensive as I thought, and it might be an option if you qualify for Medicare coverage (and your doctor will prescribe). A month in, I’m impressed.
by TomatoTomahto
Fri Aug 17, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 26
Views: 1470

Re: Quant / Financial Technology Job Opportunities / companies in New York City

Best advice would be for him to start algo trading now and show a great track record of success. You need to stand out, show you've got what it takes. Uhmmm really. :?: These folks are numbers, modelling, probability and theoretical folks, will see/ For extra oomph, I'd instead suggest getting good...
by TomatoTomahto
Fri Aug 17, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 26
Views: 1470

Re: Quant / Financial Technology Job Opportunities / companies in New York City

I know, we bogleheads do not believe in the Quants, but for a career why not, if the money is there I consider myself a Boglehead, and I do believe in Quants. I just know that being a half-baked Quant without massive supporting infrastructure is foolish. :D Be aware that most of the firms mentioned...
by TomatoTomahto
Thu Aug 16, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7122

Re: Why the Yale Endowment Hate?

well, then, this post is rather ironic. You gave the poster flak for using "I" after a preposition (cf. "me"), yet proceeded to end a sentence with a preposition and managed to write "is has" ;) I knew I’d probably screw something up in my rush to be snarky; my only defense, lame as it is, is that ...
by TomatoTomahto
Thu Aug 16, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Why the Yale Endowment Hate? [Request for portfolio help]
Replies: 107
Views: 7122

Re: Why the Yale Endowment Hate?

Well, I LOVE Yale and what is has made possible for my son, who recently graduated. But, as CurlyDave rightly points out, I’m not immortal, so my portfolio differs from Yale’s (and would even if I had access to what it has access to). Well, I graduated from MIT, so I can feel superior to both... It ...
by TomatoTomahto
Thu Aug 16, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Quote from Electrician
Replies: 46
Views: 2654

Re: Quote from Electrician

FWIW, I would not be without interconnected smoke detectors any more than I’d drive without a seatbelt.
by TomatoTomahto
Thu Aug 16, 2018 5:07 am
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 3651

Re: High tax bracket - Go 100% Roth in tax advantaged?

We are in a similar boat, and so is our son (just starting out). Neither of us has access to a mega backdoor Roth. It’s a close call, almost 50/50, but what swings me to the traditional route is the thought that, in 10 or 20 years, the country might have a consumption tax. We and he do a backdoor Ro...
by TomatoTomahto
Wed Aug 15, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 852

Re: College grant ( not loans ) eligibilty

The answer is: It's complicated. In almost all cases, if you are confident you will not be eligible for need-based grant aid, there is no need to submit the FAFSA. For a small number of schools (3? 12? I'm not sure. not many) you can't even get merit aid if you don't submit FAFSA. It would be an ou...
by TomatoTomahto
Wed Aug 15, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: College grant ( not loans ) eligibilty
Replies: 21
Views: 852

Re: College grant ( not loans ) eligibilty

The answer is: It's complicated. In almost all cases, if you are confident you will not be eligible for need-based grant aid, there is no need to submit the FAFSA. For a small number of schools (3? 12? I'm not sure. not many) you can't even get merit aid if you don't submit FAFSA. It would be an ou...
by TomatoTomahto
Mon Aug 13, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 55
Views: 2823

Re: Should I Do This? [borrow from relative to pay off loan]

I've known people with 350 credit scores with 19% interest paying off 13k loans...that makes no sense. But you think a 560 credit score and a 13% loan make sense? Do what you think is best of course, but know that taking this loan will not fix your problems. It sounds like your mind is made up. I h...
by TomatoTomahto
Mon Aug 13, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9649

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

When Rick Ferri, or William Bernstein, or, heck, even the BH Wiki predict that future returns will be lower than we have been accustomed to, nobody slams them. No, we don't "slam" them, but I do tend to post comments suggesting that they are wasting their time trying to predict the future. I like R...
by TomatoTomahto
Mon Aug 13, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 103
Views: 7205

Re: Can I buy a Tesla?

Just wanted to update here since I got so many useful replies. I bought the fully loaded model 3 :sharebeer Congrats. Where are you charging it? Thanks. My work has charging stations. I live in Southern California so there are charging stations everywhere. My brother-in-law just ordered a Model 3 t...
by TomatoTomahto
Sun Aug 12, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 27
Views: 2041

Re: Tipping lawn service and trash pickup

In our old neighborhood, it was usual to tip mailmen, sanitation workers, home cleaners, newspaper delivery people, water delivery people, but not lawn workers.

I don’t really want to start that again. Maybe the house cleaning woman. I pay top dollar punctually; that should count for something.
by TomatoTomahto
Sun Aug 12, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 67
Views: 9649

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

When Rick Ferri, or William Bernstein, or, heck, even the BH Wiki predict that future returns will be lower than we have been accustomed to, nobody slams them. As for the drag on ER from hiring an extra economist or two, I can’t imagine that it’s more than decimal dust with Vanguard’s size. I think ...
by TomatoTomahto
Sun Aug 12, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Best Counter Depth Side by Side refrigerator
Replies: 24
Views: 2183

Re: Best Counter Depth Side by Side refrigerator

Update: this thread made me get off my butt and order a replacement SubZero. FWIW, you can’t order them without an icemaker, bit you don’t need to get a dispenser (or hook up the maker).
by TomatoTomahto
Sun Aug 12, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Best Counter Depth Side by Side refrigerator
Replies: 24
Views: 2183

Re: Best Counter Depth Side by Side refrigerator

Our home came with a Subzero/Wolf refrigerator and it has done a great job. The first one lasted almost 25 years and the one we have now has gone 7 years with no issues at all. Very quiet and efficient due to the commercial-style compressors on top of the unit; the energy efficiency rating was lite...
by TomatoTomahto
Sun Aug 12, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6950

Re: Private Banking is a trap. Don't do it!

I might suggest that you change the Title of this thread to “Private Banking is a trap. Do it, persist in doing it, but gripe about it.”
by TomatoTomahto
Sun Aug 12, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Don’t Go “Mad Money”
Replies: 22
Views: 3165

Re: Larry Swedroe:Don’t Go “Mad Money”

Larry Swedroe said: While demand for Cramer’s stock picks increases, short-selling volume (bets that the stock will fall) also increases. In the opening minutes of the day following a recommendation, short sales increase to almost seven times their normal levels, and they remain elevated for three ...
by TomatoTomahto
Sun Aug 12, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11831

Re: Joint Ownership of home with second wife

I probably should have said commitment ceremony but those are definitely a thing. I didn't know that was a thing. Do you send out commitment ceremony invitations? I don't mean to be glib, I am genuinely curious. Do you make it clear when you invite people that it is a commitment ceremony and not a ...
by TomatoTomahto
Sun Aug 12, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: RSUs with long term potential
Replies: 9
Views: 812

Re: RSUs with long term potential

Just for the record, the company is not “gifting” you anything; they are paying you for your employment. I think this semantic difference might make it more difficult to clearly consider your options. H We have had many tranches of company stick vest over the years, and continue to receive unvested ...
by TomatoTomahto
Sun Aug 12, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11831

Re: Joint Ownership of home with second wife

I probably should have said commitment ceremony but those are definitely a thing. I didn't know that was a thing. Do you send out commitment ceremony invitations? I don't mean to be glib, I am genuinely curious. Do you make it clear when you invite people that it is a commitment ceremony and not a ...
by TomatoTomahto
Fri Aug 10, 2018 5:51 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 23610

Re: Invest in Tesla?

If one is using options, and one is bearish on Tesla, isn't the right thing to do to buy Puts? Preferrably Out of The Money Puts?
Surely that’s the case if one is convinced that Tesla is going to $0 shortly.
by TomatoTomahto
Thu Aug 09, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14343

Re: Will you pay for your kids' college/graduate education?

Schools generally require the parental contribution even if the parents say they won't come across, because if they didn't, parents would always plead unwillingness to pay. I have seen sad cases of this happening to children whose parents divorced. It was financially difficult for the “willing” par...
by TomatoTomahto
Thu Aug 09, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14343

Re: Will you pay for your kids' college/graduate education?

The net effect is I have to work 2 to 4 extra years in order to pay for my kids' college education.
Alternatively, once one feels that the child is well launched, one could say that they have to work fewer years, since they are assured that the child will be gainfully employed and not be dependent.
by TomatoTomahto
Wed Aug 08, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7030

Re: "Skin in the game"

Your son is 0.1% material. You should be very very proud, and should take full credit for his success. :) Not sure if your experiences translate perfectly to rest of us though... I mean, you can tell us the parenting choices you made with this exceptional young man, and we can try to emulate them o...
by TomatoTomahto
Tue Aug 07, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4673

Re: Is solar power for your home a worthwhile investment?

What about the benefit of having power in the event of a power failure? That requires a pricier system I believe? Only if the sun is out or if you pay significantly more for batteries to store the power. Well, of course you need batteries if the sun isn’t out and you want to be self-sufficient. Was...
by TomatoTomahto
Tue Aug 07, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4673

Re: Is solar power for your home a worthwhile investment?

What about the benefit of having power in the event of a power failure? That requires a pricier system I believe? Only if the sun is out or if you pay significantly more for batteries to store the power. Well, of course you need batteries if the sun isn’t out and you want to be self-sufficient. Was...
by TomatoTomahto
Tue Aug 07, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4673

Re: Is solar power for your home a worthwhile investment?

Add to this, there is this warm and fuzzy about "doing good", which you cannot capture in real dollars. You cannot poo poo it, as the satisfaction one gets from it is very real and is definitely worth something -- depending on your persuasion I recently moved from suburban N.J. to the Boston area (...
by TomatoTomahto
Tue Aug 07, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4673

Re: Is solar power for your home a worthwhile investment?

investingdad wrote:
Tue Aug 07, 2018 10:36 am
What about the benefit of having power in the event of a power failure? That requires a pricier system I believe?
In my case, afaik, they said that would require the installation of a $500 backup box. Obviously, in New England, I’m spending the $500.
by TomatoTomahto
Mon Aug 06, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7030

Re: "Skin in the game"

There are a variety of ways to do this and your approach should depend on the child and your means. Personally, I didn't have skin in the game in the sense that I didn't have to work to pay tuition. I did work however because it was a good experience and that was my supply of fun money. No work, no...
by TomatoTomahto
Mon Aug 06, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Jamie Dimon: Higher rates are coming
Replies: 42
Views: 6587

Re: Jamie Dimon: Higher rates are coming

Some posters on this web site like to claim that Elon Musk is a huckster and snake oil salesman. Jamie Dimon.
by TomatoTomahto
Mon Aug 06, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Good/Cheap Glucose Monitoring System.
Replies: 15
Views: 1124

Re: Good/Cheap Glucose Monitoring System.

Reli-On at Walmart. $15. for meter, $9. For 50 strips. Less expensive than ablot of insurance coverages. That's the one that I've used for many years, being prediabetic. I am intrigued, though, by the new continuous monitoring glucose monitors that no longer require one to prick their finger. Can I...
by TomatoTomahto
Sun Aug 05, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Good/Cheap Glucose Monitoring System.
Replies: 15
Views: 1124

Re: Good/Cheap Glucose Monitoring System.

Below are the price ranges at major pharmacies we called. In our research, FreeStyle Libre is the least expensive at Walmart, where each 10-day sensor is $35.99, and each reader device (one time purchase) is $69.99.
by TomatoTomahto
Sun Aug 05, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Good/Cheap Glucose Monitoring System.
Replies: 15
Views: 1124

Re: Good/Cheap Glucose Monitoring System.

Reli-On at Walmart. $15. for meter, $9. For 50 strips. Less expensive than ablot of insurance coverages. That's the one that I've used for many years, being prediabetic. I am intrigued, though, by the new continuous monitoring glucose monitors that no longer require one to prick their finger. Can I...
by TomatoTomahto
Sun Aug 05, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7030

Re: "Skin in the game"

My humble opinion is that kids have enough skin in the game. It is quite literally their life and their future they are talking about. Whether they have the maturity to understand that or not at that age is the question. I hope to raise responsible adults, but If I fail, I am certainly not planning...
by TomatoTomahto
Sun Aug 05, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: paying for college. work level options
Replies: 13
Views: 529

Re: paying for college. work level options

I only slightly intend this as snarky, and I do realize that our approach isn’t available to everyone, but our approach to anticipated college (and other) costs has been to increase income, not reduce it. Good luck with your novel approach.
by TomatoTomahto
Sun Aug 05, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Premium Financed Indexed Life Insurance Policies
Replies: 14
Views: 847

Re: Premium Financed Indexed Life Insurance Policies

We are in your neighborhood of assets. I have not researched them. I also have not researched floating in shark infested waters with hamburger around my neck.
by TomatoTomahto
Sun Aug 05, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14343

Re: Will you pay for your kids' college/graduate education?

I have to admit that I’m pleased to see that BHs are not, for the most part, doctrinaire in restricting their offspring’s educational choices. Good on ya.
by TomatoTomahto
Sun Aug 05, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14343

Re: Will you pay for your kids' college/graduate education?

A little note the about “skin in the game.” Every kid is different, but I think I’m safe in saying that any kid (barring one whose parents made multi-million dollar donations or whose family is famous) that gets into HYMPS or equivalent, has skin in the game. They worked their butts off to get in.
by TomatoTomahto
Sun Aug 05, 2018 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14343

Re: Will you pay for your kids' college/graduate education?

Yes, I did pay for all education and all living/other expenses while they were in college. In my case it was my two nieces and they both went to expensive private schools for undergrad with one of them also finishing grad school. I should have made them choose a different more cost-effective route ...
by TomatoTomahto
Sat Aug 04, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 9
Views: 814

Re: Backdoor Roth Questions

harmoniousmonk wrote:
Sat Aug 04, 2018 4:09 pm
Thanks for that vocabulary lesson. Very helpful.
Ditto. I’ve done backdoor Roths for a few years, but that was a very clear exposition.
by TomatoTomahto
Thu Aug 02, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 23610

Re: Invest in Tesla?

Matjen, mostly I stay away. I just popped in for a minute. That’s the beauty of a self imposed exile; I get to decide when to pop back in. Nothing hypocritical or ironic about it at all.

Carry on.
by TomatoTomahto
Thu Aug 02, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way To Set Up Online Video Editing Business
Replies: 5
Views: 241

Re: Best Way To Set Up Online Video Editing Business

I think you’re a bit cart before the horse. What’s the business model?
by TomatoTomahto
Thu Aug 02, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 23610

Re: Invest in Tesla?

. . . Not just up, up almost 13% as I post this. I’m glad that I just buy the car and don’t sell or buy the stock. And how you liking your Tesla car sir? :happy I have loved 2 cars in my life: my first car, a beater that gave me freedom, and my Tesla Model X. In between, I’ve liked some and dislike...