Search found 1041 matches

by ilmartello
Mon Sep 03, 2012 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Apparel store credit card
Replies: 12
Views: 1343

Re: Apparel store credit card

1. If you shop a lot at a store

2. They offer card-specific discounts

I'd say go for it
by ilmartello
Mon Sep 03, 2012 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ article on End-of-Year tax law changes
Replies: 36
Views: 3633

Re: WSJ article on End-of-Year tax law changes

How are people going to adjust?

SS payroll taxes have been reduced from 2009-2012 on a temporary basis. How did you adjust when they were reduced , and how are you are going to now re-adjust. Ditto for everything else.
by ilmartello
Mon Sep 03, 2012 6:29 pm
Forum: Investing - Theory, News & General
Topic: What happens when Sears is replaced on Tuesday?
Replies: 12
Views: 2791

Re: What happens when Sears is replaced on Tuesday?

This is why I prefer total market indexing.
by ilmartello
Mon Sep 03, 2012 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Need guidance on where to invest
Replies: 9
Views: 2104

Re: Need guidance on where to invest

Risk and reward are strongly correlated, there is no magical 10 percent return and risk free investment. Sorry.
by ilmartello
Mon Sep 03, 2012 6:19 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime
Replies: 66
Views: 8941

Re: Amazon Prime

Although price is the most important thing for me, other things that Amazon can do for me is something that brick and mortar stores can never do for me. 1. I just don't like shopping period at stores. Heck, I even try to buy clothes about twice a year in bulk. It's more convenient to just click on A...
by ilmartello
Mon Sep 03, 2012 6:17 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime
Replies: 66
Views: 8941

Re: Amazon Prime

Just to give an example I needed a new ac adapter and best buy was selling replacements for 70 bucks, and amazon was selling it for 25 through a 3rd party seller, even if you factor in sales tax that's not going to help best buy compete with amazon Amazon is not always the low cost provider, and, n...
by ilmartello
Mon Sep 03, 2012 5:06 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime
Replies: 66
Views: 8941

Re: Amazon Prime

I avoid marketing gimmicks. -- Tet If the gimmick provides an advantage to me, I use it. I started in grade school by sending in box tops from the cereal I ate anyway for a pocket knife (incidentally, can you imagine a promotion like that today :-)). I live in the middle of a big city. Consumer pur...
by ilmartello
Fri Aug 31, 2012 7:36 pm
Forum: Investing - Theory, News & General
Topic: "Dow 36,000's" stock picks
Replies: 47
Views: 7012

Re: "Dow 36,000's" stock picks

[Political comment removed by admin LadyGeek]
by ilmartello
Fri Aug 31, 2012 7:34 pm
Forum: Investing - Theory, News & General
Topic: Apple becomes largest stock ever
Replies: 29
Views: 2707

Re: Apple becomes largest stock ever

A company reaching new highs in value may make for great headlines, but it doesn't guarantee great returns for its investors I've certainly heard many people on this board guess that Apple was "too big to grow" over the past couple of years. They're not looking especially smart so far. I'd be very ...
by ilmartello
Fri Aug 31, 2012 7:05 pm
Forum: Personal Consumer Issues
Topic: dental digital xrays can't be emailed--advice?
Replies: 24
Views: 5387

Re: dental digital xrays can't be emailed--advice?

a dentist has e-mailed me x-rays before
by ilmartello
Sun Aug 26, 2012 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Possible mid-life crisis - please help
Replies: 94
Views: 13353

Re: Possible mid-life crisis - please help

I am not an MD, so I won't give medical advice, and nor should anyone, as it would lock the forum, but I imagine being on those kind of medications can not be good for your long-term health, especially since you still seem very stressed angst-ridden, it bleeds off of your post.
by ilmartello
Thu Aug 23, 2012 1:16 pm
Forum: Personal Consumer Issues
Topic: $315 Lebron Sneakers
Replies: 18
Views: 2543

Re: $315 Lebron Sneakers

Just don't make this a thread about the stupidity of others. If you are interested, give reasons. If not, give reasons, without using the s word. Now prices have changed a lot, but back in the day, 1985, we bought my daughter the original red and black Air Jordans. They cost $65 at the time, an out...
by ilmartello
Thu Aug 23, 2012 3:25 am
Forum: Investing - Help with Personal Investments
Topic: What was the max realized loss you ever experienced?
Replies: 14
Views: 1941

Re: What was the max realized loss you ever experienced?

Easy Rhino wrote:does tax loss harvesting count?
:happy lawyered
by ilmartello
Thu Aug 23, 2012 1:20 am
Forum: Investing - Help with Personal Investments
Topic: Any good book to learn about options?
Replies: 6
Views: 573

Re: Any good book to learn about options?

Options are by definition, a zero sum game. The "options market" as a whole can not create wealth for it's investors. And that's before trading costs.
by ilmartello
Thu Aug 23, 2012 1:17 am
Forum: Investing - Theory, News & General
Topic: Pay-off or increase a mortgage ?
Replies: 50
Views: 6017

Re: Pay-off or increase a mortgage ?

Good for you, Taylor.
by ilmartello
Wed Aug 22, 2012 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Experiences Moving From High to Low Cost State?
Replies: 72
Views: 19701

Re: Experiences Moving From High to Low Cost State?

How would one comfortably live in a country when they aren't fluent in the native language? One can't; that's why non-English speakers never migrate to the US. Usually immigrants to the USA try to learn English as part of the assimilation person, since usually they are of middle and lower age and a...
by ilmartello
Mon Aug 20, 2012 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences Moving From High to Low Cost State?
Replies: 72
Views: 19701

Re: Experiences Moving From High to Low Cost State?

How would one comfortably live in a country when they aren't fluent in the native language?
by ilmartello
Mon Aug 20, 2012 12:28 am
Forum: Investing - Theory, News & General
Topic: facebook's first lock up expires today,
Replies: 63
Views: 12340

Re: facebook's first lock up expires today,

Does any know if any vanguard funds have purchased facebook yet? I hope not :twisted: If it meets the criteria of the index I will be upset if Vanguard did NOT purchase it. If it didn't when it was supposed to it would increase their tracking error and be a sign of a poorly run index fund. The job ...
by ilmartello
Mon Aug 20, 2012 12:16 am
Forum: Personal Consumer Issues
Topic: Adopting an adult dog
Replies: 42
Views: 7413

Re: Adopting an adult dog

zaplunken wrote:Great thread, I'm in the process of finding an adult dog. guitarguy, how about an update? :D
A shelter is your best friend.
by ilmartello
Mon Aug 20, 2012 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Rent or buy
Replies: 5
Views: 1720

Re: Rent or buy

How long do you plan on living in this locale?
by ilmartello
Sun Aug 19, 2012 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences Moving From High to Low Cost State?
Replies: 72
Views: 19701

Re: Experiences Moving From High to Low Cost State?

Based on what we've read climate may be a big deal. If you grew up in, say Southern California, were the weather is sunny 10 months a year, and you upended to Iowa, where it's snowy and cold for such a long period of time, that may be a big deal and a deal-breaker if it interferes with how you live ...
by ilmartello
Sun Aug 19, 2012 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Help with former apartment situation
Replies: 6
Views: 3556

Re: Help with former apartment situation

Don't forget when you sent certified mail to ask for return receipt. Don't chit-chat anymore and try to chase them down on the phone. When someone is asking for you for money, the onus is on them to prove you owe them.
by ilmartello
Sun Aug 19, 2012 3:47 am
Forum: Investing - Theory, News & General
Topic: Could a state pension fund invest solely in index funds?
Replies: 21
Views: 3367

Re: Could a state pension fund invest solely in index funds?

xerty24 wrote:But without investing in risky things like hedge funds and private equity, they would have to admit there was no way to meet their solvency hurdles :|.
Looks like they learned from the supply-siders, ay?
by ilmartello
Sun Aug 19, 2012 12:40 am
Forum: Investing - Theory, News & General
Topic: facebook's first lock up expires today,
Replies: 63
Views: 12340

Re: facebook's first lock up expires today,

Does any know if any vanguard funds have purchased facebook yet? I hope not :twisted: If it meets the criteria of the index I will be upset if Vanguard did NOT purchase it. If it didn't when it was supposed to it would increase their tracking error and be a sign of a poorly run index fund. The job ...
by ilmartello
Sat Aug 18, 2012 9:57 pm
Forum: Investing - Theory, News & General
Topic: facebook's first lock up expires today,
Replies: 63
Views: 12340

Re: facebook's first lock up expires today,

Does any know if any vanguard funds have purchased facebook yet?

I hope not :twisted:
by ilmartello
Sat Aug 18, 2012 9:53 pm
Forum: Investing - Theory, News & General
Topic: what are you thinking about international investing?
Replies: 26
Views: 5761

Re: what are you thinking about international investing?

So I think you have covered both possibilities I considered. Either the international will outperform as it is more cheaply valued now OR it is riskier and may not. Or both? The market now perceives the EAFE as being more risky, since investors are now willing to pay less for a given amount of EAFE...
by ilmartello
Sat Aug 18, 2012 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

I think with a 20x price/annual-rent ratio, which seems to be a national average, renting is better. I agree, with a 20x price/annual rent, renting is cheap. I can't imagine renting a 200k house for $833/month. I live in the midwest, and here it would be about $1200-1500/month for a 200k house. At ...
by ilmartello
Fri Aug 17, 2012 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences Moving From High to Low Cost State?
Replies: 72
Views: 19701

Re: Experiences Moving From High to Low Cost State?

i can't believe this thread, given some of the comments, including that of the OP, hasn't been locked.
by ilmartello
Thu Aug 16, 2012 12:26 am
Forum: Personal Finance (Not Investing)
Topic: [How much do you pay in] Property Taxes
Replies: 61
Views: 7043

Re: Property Taxes

About 1.2%. I live in WA where property taxes are thought to be on the high side since we have no state income tax. Same. When we were considering moving, though, I was surprised how much higher the taxes were in the Austin area (of course, for less money there we would be looking at an upper end h...
by ilmartello
Wed Aug 15, 2012 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

I think with a 20x price/annual-rent ratio, which seems to be a national average, renting is better. I agree, with a 20x price/annual rent, renting is cheap. I can't imagine renting a 200k house for $833/month. I live in the midwest, and here it would be about $1200-1500/month for a 200k house. At ...
by ilmartello
Wed Aug 15, 2012 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How much do you pay in] Property Taxes
Replies: 61
Views: 7043

Re: Property Taxes

Interesting poll I'd thought I'd throw it since I usually always thought as property taxes around 1 percent of the market value of the home, and OP in a different thread said his estimated property taxes are around 3 percent of the assessed value. In your response in the thread, you can indicate wh...
by ilmartello
Wed Aug 15, 2012 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: [How much do you pay in] Property Taxes
Replies: 61
Views: 7043

Re: Property Taxes

gkaplan wrote:You're missing an option.

renters?
by ilmartello
Wed Aug 15, 2012 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

billyt wrote:The mortgage payment is the cost of the financing and has nothing to do with the carrying cost of owning the house.
How do you think most people in the real world buy a home?
by ilmartello
Wed Aug 15, 2012 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

ilmartello: You are under the false impression that inflation conclusively favors buying over renting. Billyt When you get a fixed-rate mortgage, the cost of your mortgage payment will decline in real terms annually. Rents will likely increase with inflation, or perhaps even slighter higher over th...
by ilmartello
Wed Aug 15, 2012 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage
Replies: 42
Views: 4574

Re: Mortgage

11k in property taxes for a $400,000 house? Holy crap, what state is that? Wow, that is pretty high. The old (outdated) rule of thumb used to be that property taxes typically total about one percent of value. In recent years, as local and state governments increase taxes at the same time property v...
by ilmartello
Wed Aug 15, 2012 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage
Replies: 42
Views: 4574

Re: Mortgage

11k in property taxes for a $400,000 house? Holy crap, what state is that? Wow, that is pretty high. The old (outdated) rule of thumb used to be that property taxes typically total about one percent of value. In recent years, as local and state governments increase taxes at the same time property v...
by ilmartello
Wed Aug 15, 2012 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: [How much do you pay in] Property Taxes
Replies: 61
Views: 7043

[How much do you pay in] Property Taxes

Interesting poll I'd thought I'd throw it since I usually always thought as property taxes around 1 percent of the market value of the home, and OP in a different thread said his estimated property taxes are around 3 percent of the assessed value. In your response in the thread, you can indicate wha...
by ilmartello
Wed Aug 15, 2012 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage
Replies: 42
Views: 4574

Re: Mortgage

That's great advice RF but we have lived in the area for 8 years and have worked with the group throughout training and I feel pretty comfortable with the set up. The area where we are buying is two miles from where we live now and in the best school district hence the 11k in property taxes per yea...
by ilmartello
Wed Aug 15, 2012 2:21 pm
Forum: Personal Consumer Issues
Topic: Real Estate Agent Commission Negotiable?
Replies: 42
Views: 4461

Re: Real Estate Agent Commission Negotiable?

I wonder if people have ever considered putting time limits on brokers, like say you have 90 days to sell this home, or I have the right at the end of 90 days to choose a new broker to sell the property.
by ilmartello
Wed Aug 15, 2012 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

Housing is something you consume -- it is not primarily a financial decision. . That's an absurd comment. A car is a consumption item, but certainly buying a new car, a used car, a maserati or a mazda is a financial decision. The fact is over 30 years, your mortgage is not going to change. Your cos...
by ilmartello
Wed Aug 15, 2012 2:11 pm
Forum: Personal Consumer Issues
Topic: Real Estate Agent Commission Negotiable?
Replies: 42
Views: 4461

Re: Real Estate Agent Commission Negotiable?

I've heard of 4 percent commission in the Southern California where there is a glut of real estate agents.

Go for the gold.
by ilmartello
Wed Aug 15, 2012 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage
Replies: 42
Views: 4574

Re: Mortgage

That's great advice RF but we have lived in the area for 8 years and have worked with the group throughout training and I feel pretty comfortable with the set up. The area where we are buying is two miles from where we live now and in the best school district hence the 11k in property taxes per yea...
by ilmartello
Wed Aug 15, 2012 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

I have a simple proposition for you that advocate renting. Assume a husband and wife are planning to have two children in the next 5 years, and plan on living a single family 4 bedroom , 2,000 s.f. home for the next 30 years. Do any of you think , after making reasonable assumptions for the changes...
by ilmartello
Wed Aug 15, 2012 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

Housing is something you consume -- it is not primarily a financial decision. . That's an absurd comment. A car is a consumption item, but certainly buying a new car, a used car, a maserati or a mazda is a financial decision. The fact is over 30 years, your mortgage is not going to change. Your cos...
by ilmartello
Tue Aug 14, 2012 2:54 am
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

If you know you will be living in the same area for 30 years then the answer is probably yes because you are leveraging using today's dollars for thirty years. However, how many of us can be really certain that we are going to stay in the same area for that long? Heck I don't even know if I will st...
by ilmartello
Tue Aug 14, 2012 1:07 am
Forum: Investing - Theory, News & General
Topic: NY Times: Great article about Jack Bogle
Replies: 33
Views: 5176

Re: NY Times: Great article about Jack Bogle

Interesting article, I eenjoyed all of it, including some of the political discussions :happy which can't be discussed here .
by ilmartello
Tue Aug 14, 2012 12:58 am
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

Re: For the advocates of renting vs owning.

It's a very personal question. Run the NY Times calculator for an apples-to-apples comparison. Also consider that in reality, your choices is often apples-to-oranges anyway. People often rent a smaller place than they would buy. "Personal questions" be ignored. Strictly on a financial basis, I am a...
by ilmartello
Tue Aug 14, 2012 12:51 am
Forum: Personal Finance (Not Investing)
Topic: For the advocates of renting vs owning.
Replies: 52
Views: 10342

For the advocates of renting vs owning.

I have a simple proposition for you that advocate renting. Assume a husband and wife are planning to have two children in the next 5 years, and plan on living a single family 4 bedroom , 2,000 s.f. home for the next 30 years. Do any of you think , after making reasonable assumptions for the changes ...
by ilmartello
Tue Aug 14, 2012 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Multifamily rental question
Replies: 6
Views: 1479

Re: Multifamily rental question

Carry liability and umbrella insurance.
Only hire licensed handymen and contractors.
Document everything including tenant complaints, however frivolous. Indicate how you followed up.
Enforce and write excellent contracts or have an attorney do it.
by ilmartello
Tue Aug 14, 2012 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Receiving land by quitclaim deed
Replies: 14
Views: 2127

Re: Receiving land by quitclaim deed

Professor Emeritus wrote:Please see a lawyer before you ever use a quitclaim deed. It can create horrific title problems later.
I'm a lawyer and I would not use a quitclaim deed without very solid legal advice.

This sounds odd.