Search found 691 matches

by THY4373
Fri Jun 22, 2018 2:39 am
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6057

Re: Ways to Protect Assets Without a Prenup

As somebody who has been through an ambicable divorce my advice is get a prenup and or stay single if this is a concern. Failing that keep documentation of all of your assets prior to marriage. In my divorce we had a neutral financial advisor who worked through separating my ex's and my premarital 4...
by THY4373
Sat Jun 02, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

I think you are mixing some apples and oranges. If you rent a house, aren't you responsible for maintaining the yard? That is pretty typical. You can hire someone to maintain the yard or house if you own. Isn't that essentially what you are doing with a landlord? I've only owned nice, newer places ...
by THY4373
Sat Jun 02, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

There are intangible benefits to owning. It is yours. You can (pretty much) do what you want with it. It provides stability and continuity for your family. Speaking of projection :-). There are also intangible benefits to renting. I am not tied down to a particular location (my job is relatively lo...
by THY4373
Sat Jun 02, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

Isn't the "high property tax" comment really just another comment on owning "more house" than one would rent? As I think I said earlier, ownership includes paying for the potential of a home, and the use of that potential over a long period. I think that's a valid reason for why people are willing ...
by THY4373
Fri Jun 01, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: AADvantage Aviator RedWorld Elite MC
Replies: 8
Views: 564

Re: AADvantage Aviator RedWorld Elite MC

It is a decent offer it also still give you a 10% refund when you redeem AA miles up to 10k miles a year. For example I did AUH > JFK using AA miles on Etihad which cost 115k miles but after the 10k miles refund it was "only" 105k. The only catches I can think of are. AA saver space is very hit or m...
by THY4373
Fri Jun 01, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4266

Re: Travel advice for an engineer

Some places I have found very cool when I visted: Ancient temples of Cambodia. Amazing. Make the effort to get to some of the more remote ones, I loved Koh Ker and had the place almost entirely to myself at the height of tourist season. Amazing. Petra Jordan. Buildings that were not built but rather...
by THY4373
Thu May 31, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8182

Re: The Side Hustle

Can you elaborate on your "targets" for manufactured spending? The vast majority of what I do is well documented on Flyertalk, Reddit Churning and other public forums. But I work to expand on what is published. Don't just rely on Walmart find other places, hit the streets, develop other locations, ...
by THY4373
Thu May 31, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8182

Re: The Side Hustle

The days of manufactured spending are pretty much over. I dont know of any "easy" MF methods anymore. Im a frequent churner of credit cards...but since MF has died and chase implemented the 5/24 rule...the good ol days are over. I still fly for free and make $1k-$2k in gift cards a year...but its s...
by THY4373
Wed May 30, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

Admiral wrote:
Mon May 28, 2018 7:30 am
Why would I not want to a) have an inflation-protected, cost-controlled asset as my largest monthly payment each month
Personally I like my savings/investments to be my "largest monthly payment" each month but to each their own.
by THY4373
Wed May 30, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

Yes, of course, an enjoyable life is in the eyes of the beholder, and much depends on the composition of one's household and the location and prices. And certainly we, renters, are not trying to convince others that renting is a universally best course of action. However, the general wisdom about r...
by THY4373
Tue May 29, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8182

Re: The Side Hustle

If you're willing to share, I would be curious in learning how you arbitrage credit rewards without "churning". The general gist is well known. The colloquial term is manufactured spending. Basically you find loops whereby you can put spend on a card to generate points and then pay off the credit c...
by THY4373
Tue May 29, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 3896

Re: Best retirement places for shy senior singles

I am younger than you by about 20 years and also introverted and single (divorced). I have started thinking about some of this myself. Some random ideas: Since you are blue maybe look at locations in blue states that are near universities (given your background). You might meet more blue seniors tha...
by THY4373
Tue May 29, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2470

Re: Cheap options for retirement?

I would only move overseas if you want to not because you have to. I love travel and I am pretty location agnostic compared to most but I don't underestimate the challenges of living overseas (i have done it when I was younger). There have been plenty of threads here on retiring internationally so d...
by THY4373
Tue May 29, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8182

Re: The Side Hustle

I do credit reward arbitrage to fund my passion for travel (note: I don't "churn" cards as that just doesn't scale the way I want it to). I won't put a figure on it but I make good "money" this way. This has the following advantages for me: Tax free (I am a single and my day job earns well so not pa...
by THY4373
Mon May 28, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 1834

Re: Using Air Miles and Paying Fees and Taxes

Sounds about right for BA fees one direction. BA fees are so high when I fly them I'll usually watch for cheap fare to Europe (there are quasi frequent sales) and buy the business class ticket outright and use miles to upgrade to First. I am doing that next year. A couple of years back BA had a busi...
by THY4373
Mon May 28, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

For the vast majority of households in the US, their home is their most valuable asset by far. What does that tell you? What it doesn't tell you is that there are tens or scores of millions of households with large (mid to high-six figure) portfolios that they accumulated by renting, saving the dif...
by THY4373
Mon May 28, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Please help. Private school contract woes.
Replies: 21
Views: 3287

Re: Please help. Private school contract woes.

My son goes to a private school. A $1k deposit is due in February and full payment (unless on a payment plan) is due by July 31. Between February and May 1 you can withdraw and forfeit only the $1000 deposit, after May 1 you are no the hook for the full tuition for the following year. The school sen...
by THY4373
Sun May 27, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

What would be your household income in order to buy the 800+K condo? My 250K income statement is in response to OP's post that it is harder to beat the tax-deferred account's investment if someone cannot max the tax-deferred account in order to buy the 800+K condo. In any case, I will no longer com...
by THY4373
Sun May 27, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

You had stated that the calculation does not work if the household does not max out their tax-deferred accounts. Let's assume that it is 2 X 401K = 37K. So, that assumption immediately requires the household's income to be way above 250K or more. KlangFool I am curious why a couple would need that ...
by THY4373
Sun May 27, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Temporary living arrangements
Replies: 6
Views: 739

Re: Temporary living arrangements

You likely have no choice but I did something similar once. Sold a condo, stored my stuff, moved in with my parents a month before my soon-to-be-wife at the time both moved into a town house we bought together. I did not use a moving company but did store stuff in storage and at my parents' place. I...
by THY4373
Fri May 25, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

We save 65% of after tax pay. Trying to rent a $800 2 bdrm apartment instead of a $1600 4 bdrm house for 2 adults, a cat, a dog, 2 teenagers, a home office and a home gym sounds penny wise and pound foolish (electromagnetic interference in an apartment makes our VPN connections run slow, pain to tr...
by THY4373
Fri May 25, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Mango card hacked and drained! Help!
Replies: 7
Views: 1839

Re: Mango card hacked and drained! Help!

I have not dealt with Mango but in my credit card arbitrage side gig I deal with a lot of similar vendors with various issues over time. You will almost certainly be made whole of that I have little doubt but you will probably also have to work for it. My advice is to use Google and see if you can f...
by THY4373
Fri May 25, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

Again, I'm not saying that there is a cause-and-effect relationship between home ownership and being a millionaire, but the fact that over 90% of the millionaires Stanley studied were home owners should not be dismissed out of hand. There is clearly something going on here. I guess the issue I fund...
by THY4373
Fri May 25, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

I just turned 70 and we have lived in our house for almost 44 years. As I age I am tired with home ownership that has served me well. Keeping up with the maintenance, landscaping, snow shoveling, leaf raking, gutter cleaning,etc. is getting old fast. Outsourcing those tasks is not the answer to me....
by THY4373
Fri May 25, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

That's why I specifically said "correlation does not equal causation." That being said, there's probably a reason that so many of the millionaires Stanley studied 20 years ago were shying away from imported vehicles. I seem to recall that he discussed it but don't recall his explanation. You put th...
by THY4373
Fri May 25, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

Do a ton of people really rent horrible little apartments/homes that they don't really want to live in? That seems very counter-intuitive. I certainly would not call where I rent horrible not by a long shot but there are some things that would prevent me buying here: House are cheap builder grade s...
by THY4373
Fri May 25, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

As others have noted, renting often looks cheaper than owning because people aren't comparing apples to apples. You can't rightly compare a small apartment to a typical single family dwelling. There is a huge middle ground beyond tiny apartment vs 3000 square foot house. I rent a single family home...
by THY4373
Fri May 25, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

The tax benefits I was referring to (imputed rent not being taxed) comes from owning the house. It does not assume a mortgage. Say you have a $500K house, with $300K left on the mortgage. The imputed rent tax benefit applies to the $200K home equity you have. The tax benefit from the $300K mortgage...
by THY4373
Thu May 24, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America ATM card not working internationally
Replies: 38
Views: 2515

Re: Bank of America ATM card not working internationally

Like Sperry8 this is why I travel with multiple debit and credit cards spread across the Visa/MC/Amex spectrum. I also make sure I have the PINs for several credit cards so I can get a cash advance if debit cards fail or are lost or stolen. I also keep a separate set of cards and extra cash stored e...
by THY4373
Thu May 24, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13358

Re: Renting vs Owning Your Home

On point one i am reminded of the old saying that the plural of anecdote is not data. Also if one is truly willing to rent something less than they are willing to buy then that is truly the comparison they should be making in my opinion. I wouldn't buy the place I rent because the house is very chea...
by THY4373
Wed May 23, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: help needed to restore data
Replies: 12
Views: 970

Re: help needed to restore data

If it's not a communication issue and truly a data recovery issue, try Recuva for free. https://www.ccleaner.com/recuva That is basically a file carver (https://en.wikipedia.org/wiki/File_carving) and there are many, many tools out there that do this. Keep in mind if the failure is a hardware failu...
by THY4373
Wed May 23, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: help needed to restore data
Replies: 12
Views: 970

Re: help needed to restore data

If you send it off to a service you will likely pay several hundred dollars or more depending what they need to do to recover the data (if that is possible). Also you don't necessarily need to use Seagate's recovery service. They may or may not be better and likely won't be cheaper (a lot of these c...
by THY4373
Tue May 22, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: International travel for Christmas
Replies: 26
Views: 1483

Re: International travel for Christmas

We've traveled to Europe a dozen times since 2003, and I disagree. Unless you like hot weather without AC, lines and crowds, and higher prices many areas in Europe are better in the fall thru spring. Agreed southern Europe is even nice in the winter. I went Portugal, Italy, Monaco and San Marino th...
by THY4373
Tue May 22, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520463

Re: What's Your Credit Card Rewards Strategy?

I also monetize my credit another way, but won't get into that here as I think its against the forum rules. If it is what I think it is I'd be careful with that. A number of folks I know have been shutdown by banks for doing it. I assume you are only doing it with banks where you are willing to sac...
by THY4373
Mon May 21, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Emirates Airlines Skyward Miles - transfer?
Replies: 1
Views: 215

Re: Emirates Airlines Skyward Miles - transfer?

In general with very few exceptions you cannot transfer from one airline to another. Some airlines to permit you to transfer to hotel programs but Emirates does not appear to allow this. For some airline programs you can exchange through points.com albeit at horrible values but Emirates does not app...
by THY4373
Mon May 21, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1255

Re: Considering Buying a Home, Seeking Advice

This house is going to have limited appear due to size and being next to a motel. I think the number of people looking to buy or rent such a place is going to be very small and thus unless you get some sort of insane deal I really think this is going to be a good investment. Also if an older couple ...
by THY4373
Sun May 20, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1255

Re: Considering Buying a Home, Seeking Advice

As noted above 550 is very small for a house. My first condo which was a 1 bedroom was 848 square feet. You are still young and it is quite possible things will change a lot in your outlook over the next few years (marriage, living together, kids, awesome new job opportunity elsewhere, whatever). I ...
by THY4373
Fri May 18, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24259

Re: Lucrative careers?

2 words: Government Job (if you are lucky enough to find one; you normally need to have an insider connection because these jobs are the Holy Grail of Job Security, Quality of Work Life, and pensions/benefits and even competitive salary and definitely long-term happiness). This is drawing some huge...
by THY4373
Wed May 16, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10610

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

My plan allows both after-tax (non-Roth) contributions and in-service withdrawals and in-plan rollover to Roth 401k (this is more recent). I have been maxing out contributions for a number of years. When I have been unable to completely max out from current income I will use some cash from re-balanc...
by THY4373
Wed May 09, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to unfreeze my credit before applying for a new card?
Replies: 50
Views: 3341

Re: Do I need to unfreeze my credit before applying for a new card?

Most of the time the credit card company will tell you the single credit reporting agency you are required to unfreeze. Last month I applied for a new CapitolOne card. They required that I unfreeze all three. I argued with them about having to go to all the trouble, as I have my credit score is aro...
by THY4373
Tue May 08, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: United Mileage Plus CC - worth it?
Replies: 32
Views: 2996

Re: United Mileage Plus CC - worth it?

While this is a little late, that is why I *always* take a screen capture of the offers (with the task bar and date/time included). That said you can try a few things: 1). Review all the paperwork you got with the card and any emails, etc. See if any make mention of the offer. 2). Google Chase Execu...
by THY4373
Fri May 04, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 5074

Re: How old is too old for a vehicle, even for a well running one ?

Secondly, it is possible to get good deals on new or late model preowned cars which have a history of slow depreciation ( unless somebody has to buy something quickly in an emergency situation when an old car breaks down completely). In my opinion if you buying new low depreciation is your friend b...
by THY4373
Tue May 01, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: Fiber cable on front lawn
Replies: 39
Views: 2661

Re: Fiber cable on front lawn

My uncle was president of a large HOA in NoVA some years back. Comcast (not CentruyLink) was the problem in that neighborhood. Basically as the neighborhood aged the Comcast coax started die and their fix was to come out and route and bright orange coax cable from the junction box to a house across ...
by THY4373
Sun Apr 29, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 14568

Re: BH travel tips?

Train travel in Europe: blades longer than 3" I just saw last night that trains (not sure whether all or just a few lines) do not allow knives with long blades. We have a chef's knife in our checked bag, which will be carried on the trains. Anyone have experience on this? No direct experience with ...
by THY4373
Sun Apr 29, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving - should I rent or buy?
Replies: 24
Views: 1641

Re: Moving - should I rent or buy?

Based on what you posted without any rent/buy numbers I'd be inclined to rent given you life is still very much in flux (as I would expect at your age). If you time horizon is around five years that doesn't give you a lot of time for appreciation to offset the transactions cost of real estate. Howev...
by THY4373
Sat Apr 28, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Potential risk with Chase URs [Ultimate Rewards]
Replies: 20
Views: 2656

Re: Potential risk with Chase URs [Ultimate Rewards]

Citi Prestige which offers similar rewards but has much better perks, like 4th night free While we are on the subject of rumors. There are rumors again of the 4th night benefit being tweaked. Over on FT somebody got yet another survey recently and many of the questions were around limits on this fe...
by THY4373
Sat Apr 28, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Hotel rewards programs
Replies: 45
Views: 3878

Re: Hotel rewards programs

As for most of the rest, I guess since we have so obtained more airline miles/points than we need just from credit card sign up bonuses, I haven't seen the value in the transfers to airlines. We only fly once or twice per year an have not paid airfare in the past 7 years and currently have about 60...
by THY4373
Sat Apr 28, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Hotel rewards programs
Replies: 45
Views: 3878

Re: Hotel rewards programs

For us the best value was transfer at 3:1 to Marriott ... The ratio from SPG"MR is actually 3:1. :confused Sorry I messed up like you. 1 SPG trasfers to 3 MR so 1:3 not 3:1 as you and later I put. This goes away 8/1 when all existing SPG points will be converted 1:3 to MR and the new earn rate on S...
by THY4373
Sat Apr 28, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Hotel rewards programs
Replies: 45
Views: 3878

Re: Hotel rewards programs

I don't know what is changing with SPG, but have never understood some people's love affair with SPG points, anyway. For us the best value was transfer at 3:1 to Marriott and the card was not worth keeping with it's $95 fee. Have not gotten it yet, but the Marriott card might be one I would keep, a...
by THY4373
Sat Apr 28, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: Hotel rewards programs
Replies: 45
Views: 3878

Re: Hotel rewards programs

Yeah I’m so :annoyed about this. So much for my Starwood card that I’ve had for ages. What other cc are you looking at? I want a cc that gives luxury hotel rewards. For me my focus is going to be on Amex MR and Chase UR. I like Citi TYP but they don't really have a good option for unbonused spend s...