Search found 1550 matches

by Raymond
Sun Jun 28, 2020 11:22 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 4966

Re: I am ready to pull the plug! am I ready ?

Have that talk with your boss tomorrow :happy
Congratulations! :sharebeer
by Raymond
Sun Jun 28, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant for a windfall year (sale of private stock)?
Replies: 13
Views: 1055

Re: Do I need an accountant for a windfall year (sale of private stock)?

Congratulations on the windfall.

[Edit] Home purchase question withdrawn :happy
by Raymond
Fri Jun 26, 2020 6:50 pm
Forum: Personal Investments
Topic: What day of the week is best for a weekly investment in a Roth IRA?
Replies: 27
Views: 1853

Re: What day of the week is best for a weekly investment in a Roth IRA?

You should always, and only, invest on days ending in "y." But there are particularly bad months to speculate in stocks, according to one of Mark Twain's characters: October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, Novem...
by Raymond
Fri Jun 26, 2020 3:18 pm
Forum: Personal Investments
Topic: What day of the week is best for a weekly investment in a Roth IRA?
Replies: 27
Views: 1853

Re: What day of the week is best for a weekly investment in a Roth IRA?

I might recommend not doing it on Payday Fridays EOD, when all the 401k auto-purchases all go in. You'd think the traders would've arbitraged this out, but that doesn't always seem to be the case in my experience. I've observed that my 401k contributions seem to usually be at a higher price than th...
by Raymond
Fri Jun 26, 2020 10:43 am
Forum: Personal Investments
Topic: Help with College Funds advice from a FA
Replies: 35
Views: 1325

Re: Help with College Funds advice from a FA

...When I received his suggestion of Thrivent based funds, I asked him what the Vanguard equivalent would be. I've kind of gotten the run around on answering that, as he's "not familiar with Vanguard funds" and I should consider placing the monies with him under Thrivent. I don't expect to get a po...
by Raymond
Mon Jun 22, 2020 6:23 pm
Forum: Personal Investments
Topic: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed
Replies: 107
Views: 11024

Re: The 60/40 Portfolio Is Dead

In my opinion, your first mistake was going to Seeking Alpha :D I'm sure they think the same of us, boring people that we are... The author opines that both the stock market AND the bond market is likely to produce lower than historical returns in the future. So no allocation totaling 100% if compri...
by Raymond
Mon Jun 22, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Limit
Replies: 17
Views: 1569

Re: Credit Card Limit

Paullmas wrote:
Mon Jun 22, 2020 8:30 am
Why would you believe lowered credit line would hurt your FICO score?
"How credit limit decreases can affect your score" - myfico.com
by Raymond
Fri Jun 19, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 101
Views: 9074

Re: Online / Gun Dealer Recommendations

Check into reloading also. It is a blast and saves a ton of money. I second the post above about reloading can "cause a blast." A local elderly guy burned his house down and burned parts of himself, after having a fire start in his reloading area that backed to the wall of his house. The space may ...
by Raymond
Fri Jun 19, 2020 9:49 am
Forum: Personal Investments
Topic: Adult children purchasing mothers quadplex
Replies: 8
Views: 658

Re: Adult children purchasing mothers quadplex

Are you one of the four children? What are the mother's spending habits? Who will do the maintenance and management - children or management company? If one of the children, will that child receive extra income for his/her work? Will the money the mother receives affect her eligibility for any senio...
by Raymond
Thu Jun 18, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: Hertz (bankrupt) may issue new stock
Replies: 74
Views: 6502

Re: Hertz (bankrupt) may issue new stock

Well the hertz management takes a dim view of future prospects :) https://www.nasdaq.com/market-activity/stocks/htz/insider-activity I think you're being too pessimistic. I'm sure the sales were unrelated to the company's situation. Perhaps one director needed the money to repave his driveway. Or o...
by Raymond
Tue Jun 16, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8033

Re: Would you rent your house to a famous athlete?

Sell as planned, unless you now want to be a landlord.
by Raymond
Tue Jun 16, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 105
Views: 11064

Re: Should I sell my stash of dental floss now worth $3,000?

supersecretname wrote:
Tue Jun 16, 2020 11:39 am
https://www.youtube.com/watch?v=220xlHky1SY

I might be movin' to Montana soon
Just to raise me up a crop of
Dental Floss

Raisin' it up
Waxen it down
In a little white box
That I can sell uptown

By myself I wouldn't
Have no boss,
But I'd be raisin' my lonely
Dental Floss
Excellent! :D
by Raymond
Thu Jun 11, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card expiring - to keep or let go?
Replies: 15
Views: 1350

Re: Credit Card expiring - to keep or let go?

Just to clarify (if I missed it) - is this a Pottery Barn store card (as in you can only use it there), or a Pottery Barn-branded VISA/MasterCard? It's just a Pottery Barn store card. I'm pretty sure we can only use it at Pottery Barn. Maybe also West End & Williams Sonoma. But it is not a Visa car...
by Raymond
Wed Jun 10, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card expiring - to keep or let go?
Replies: 15
Views: 1350

Re: Credit Card expiring - to keep or let go?

Just to clarify (if I missed it) - is this a Pottery Barn store card (as in you can only use it there), or a Pottery Barn-branded VISA/MasterCard?
by Raymond
Mon Jun 08, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: Does Buying an RV make sense?
Replies: 97
Views: 6348

Re: Does Buying an RV make sense?

The impression I get from acquaintances with RVs is that the costs of owning are pretty much the same as renting, except now you get to pay them all the time, plus you have to store it somewhere when not using it :(

Agree with the above post regarding lifestyle choice > cost efficiency.
by Raymond
Sun Jun 07, 2020 6:10 pm
Forum: Personal Consumer Issues
Topic: Used cars
Replies: 45
Views: 4364

Re: Used cars

We still don't know OP's budget.
by Raymond
Sun Jun 07, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 243
Views: 17934

Re: 2020 Hedge Fund contest

Thanks for the update, I'll keep PPBI short.

I hope my hedge fund will do better the rest of the year, seeing that the entire portfolio (and even the name) was chosen more or less at random:

The Hedge Fund Name Generator

Russell 3000 Index membership list

Random.org
by Raymond
Sun Jun 07, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Selling gold bullion
Replies: 27
Views: 2375

Re: Selling gold bullion

For precious metals scrap, also consider Midwest Refineries in Michigan:

https://www.midwestrefineries.com/

Of course I wouldn't send coins, etc. there, they only pay for the precious metal content - they're melting everything down.
by Raymond
Fri Jun 05, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes? Legal Issues? Grandmother sent large check to Cousin she's estranged from
Replies: 59
Views: 3328

Re: Grandmother sent large check to Cousin she's estranged from

Is there a non-monetary price your cousin will have to pay for cashing the check, i.e., will she have to listen to her grandmother go on and on to the other relatives about saving her and her husband from the poorhouse, or other snarkiness?
by Raymond
Tue Jun 02, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Sell inherited home or rent it out?
Replies: 19
Views: 1574

Re: Sell inherited home or rent it out?

Sandtrap wrote:
Tue Jun 02, 2020 7:49 pm
. . . . she doesn’t feel very comfortable with this property as a rental.
sell
now

Some decisions involve a lot more than numbers or a spreadsheet. And, they are correct.
j :happy
+1

Sandtrap: mic drop :D
by Raymond
Tue Jun 02, 2020 3:44 pm
Forum: Personal Consumer Issues
Topic: Home Defense against the Horde
Replies: 38
Views: 2297

Re: Home Defense against the Horde

I have mixed feelings on this: I can empathize with wanting to keep you, your family and your stuff safe. If there were riots and looting near my home right now, I'd probably make sure I knew where my baseball bat was for security and I'd perhaps leave town for a few days. I'd definitely make sure ...
by Raymond
Sun May 31, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially Take Job Offer or Not
Replies: 17
Views: 1644

Re: Potentially Take Job Offer or Not

Sounds to me that you have correctly identified a red flag and ought to take it seriously. Ask lots of questions and do more research. It's a bad sign if the last two people in this role were shown the door, and many times family run businesses have some strange things going on under the surface. +...
by Raymond
Thu May 28, 2020 8:50 pm
Forum: Personal Consumer Issues
Topic: Mens Wrinkle Cream
Replies: 18
Views: 1436

Re: Mens Wrinkle Cream

+1 to hats and sunscreens used daily. Products with retinol (over-the-counter). Products with tretinoin (prescription). And if you've had a lifetime of sunbathing or just being outdoors (especially if you have fair skin), the best you should expect with these measures is that the wrinkles don't get ...
by Raymond
Mon May 25, 2020 12:18 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 73
Views: 6755

Re: I have no risk tolerance: where am I supposed to keep my money?

Higher-interest savings accounts, CD ladder, short- to intermediate-term Treasury bond funds.

You currently have an aggressive asset allocation, and you are proposing to swing to the complete opposite.

Would 50/50 work for you?
by Raymond
Mon May 25, 2020 11:50 am
Forum: Non-US Investing
Topic: How to invest $1.2M for the next 10-15 years [Switzerland]
Replies: 26
Views: 2594

Re: How to invest $1.2M for the next 10-15 years

Welcome to Bogleheads. Just to clarify, are you a Swiss citizen? You stated you live and work in Switzerland, but we get a lot of posts from expats. Thanks Raymond! Yes I am an expat, I am from the south of Europe and moved to Switzerland a few years ago. Curious why do you ask? If you were an Amer...
by Raymond
Mon May 25, 2020 10:46 am
Forum: Non-US Investing
Topic: How to invest $1.2M for the next 10-15 years [Switzerland]
Replies: 26
Views: 2594

Re: How to invest $1.2M for the next 10-15 years

Welcome to Bogleheads.

Just to clarify, are you a Swiss citizen? You stated you live and work in Switzerland, but we get a lot of posts from expats.
by Raymond
Mon May 18, 2020 3:42 pm
Forum: Investing - Theory, News & General
Topic: Wall Street says stocks are very overvalued
Replies: 45
Views: 3965

Re: Wall Street says stocks are very overvalued

https://www.bloomberg.com/news/articles/2020-05-13/wall-street-heavyweights-are-sounding-alarm-about-stock-prices article listed some big fund manager names.. is this a case of A: fund managers trying to depress the market for their gains (maybe some are looking to buy in again) or B: fund managers...
by Raymond
Sat May 16, 2020 10:05 am
Forum: Personal Consumer Issues
Topic: Alternatives to Craftsman Tools
Replies: 98
Views: 6518

Re: Alternatives to Craftsman Tools

...For impact sockets, I go cheapish and chinesium. Tekton has treated me well there. I like Tekton too. Per their website ( https://www.tekton.com/about-us ), about 75% of their products are made in Taiwan (still "Chinese" but not the People's Republic), 19% in the United States, and 5% in the PRC.
by Raymond
Sun May 10, 2020 1:48 pm
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2596

Re: Buying a used Jaguar

OP has stated the MIL has *already* bought the car.
by Raymond
Sun May 10, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2596

Re: Buying a used Jaguar

They paid $2k for it? Just drive it until something big goes wrong and then tow it down to the junk yard; they’ll get $500 or so for it as salvage. Take it to an independent shop for maintenance, not the dealer, and their risk is small and they get to drive a Jag around for awhile. Maximum exposure...
by Raymond
Wed May 06, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Can't believe how ridiculously expensive Shopify is [Stock]
Replies: 66
Views: 4865

Re: Can't believe how ridiculously expensive Shopify is [Stock]

it's quite popular with the speculator crowd. I've seen much higher values on many stocks in 1999. Lots of big companies then without any real way to generate revenue. Some have survived. Whoa, you've been around awhile. What were some of the P/S ratios like back then? LOL. Thank you. For that. Yes...
by Raymond
Wed May 06, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5884

Re: Dealer won’t give back car titled in my name, how to proceed?

1130Super wrote:
Wed May 06, 2020 8:03 pm
So what are the steps to make claim this as an unpaid debt to get a tax deduction?
Here you go, straight from the source:
Topic No. 453 Bad Debt Deduction - irs.gov

More info:
How to Report Non-Business Bad Debt on a Tax Return - TurboTax.intuit.com
by Raymond
Wed May 06, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Dealer won’t give back car titled in my name, how to proceed?
Replies: 71
Views: 5884

Re: Dealer won’t give back car titled in my name, how to proceed?

...I told dearer I was unwilling to give the title to them and I wanted the keys and was going to get the car, they refused. I don’t know if they can legally do this, Is there anything stopping me from calling sheriff and going in to dealership to demand the keys and drive off. legally speaking it’...
by Raymond
Wed May 06, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 7943

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

maybe I'm an outlier but the author is correct on all his points. Yes, I get the issue of 'speculative investments', and as a former C-level company officer, I refused to allow speculative investments into our 401k plan. (HR reported to me.) But, as a result, two of our long time engineers, refused...
by Raymond
Wed May 06, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Craigslist - are these scams?
Replies: 49
Views: 3229

Re: Craigslist - are these scams?

Scams.

A thread on the r/Kayaking Reddit forum recommended the Paddling.com classifieds.
by Raymond
Sun May 03, 2020 3:13 pm
Forum: Personal Investments
Topic: What would you invest 50K in?
Replies: 25
Views: 2500

Re: What would you invest 50K in?

Do you have any debts that make sense to pay off immediately (credit cards, auto loans, etc.)?
by Raymond
Fri May 01, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 9040

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

OP, who is pitching all these schemes to you? I understand that you want to minimize your taxes, but with all these ideas, you're likely to end up losing more money than you would have paid to the IRS. Plus the added "benefits" of either getting ripped off, making your financial life way more compli...
by Raymond
Thu Apr 30, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 9040

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

Has anyone tried conservation easements? I would be wary. Certain iterations of the conservation easement strategy have been put on the listed transaction list (generally not a good idea to engage in a listed transaction affirmatively). You will also need to be prepared to defend the value of the e...
by Raymond
Tue Apr 28, 2020 4:36 pm
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 121
Views: 5150

Re: Holding Gold as "Doomsday Fund"

I would rather own guns, ammo, lots of food, and a secure self sustaining property in a high trust/functioning region. The other backup option would be to have a cold storage wallet with a substantial amount of crypto tucked away in a foreign safe deposit box. +1 Don't forget to get along with your...
by Raymond
Mon Apr 27, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 358
Views: 28702

Re: Report when you receive your stimulus check here

I updated my bank info into the IRS portal right after the Get-My-Payment tool opened sth like 5am ET on 4/15. Ever since the status has been You are eligible for the payment. Once we have your payment date, we will update this page. We will deposit your payment to the bank account below. No change...
by Raymond
Mon Apr 27, 2020 11:58 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 246
Views: 15125

Re: Coronavirus Flight Cancel Thread

If you do not want to go and prefer a refund, then I'd call sooner rather than later. The last thing you'd want in that case is for there to be another schedule change, one that ended with timing that would not qualify for a refund. RM I believe you can call them to cancel and get a credit on your ...
by Raymond
Sun Apr 26, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase in this economic climate
Replies: 10
Views: 938

Re: Home purchase in this economic climate

Wish him well in his future endeavors. +1 OP, we understand you want to help your relative, and you do have very good points, but does he want to be helped? Is this a situation where he'll become destitute and get thrown out of his house if he pays more than what you think is reasonable? If not, th...
by Raymond
Sun Apr 26, 2020 10:51 am
Forum: Personal Investments
Topic: Add money to 529 from HELOC
Replies: 14
Views: 504

Re: Add money to 529 from HELOC

How secure is your job? Could you pay off the HELOC if you were unemployed? How's the local real estate market doing? Banks often reduce HELOC limits or cancel them entirely if the value of your house no longer exceeds the amount of the loan. Have you paid off the mortgage on the house? If not, cons...
by Raymond
Sat Apr 25, 2020 8:49 pm
Forum: Personal Consumer Issues
Topic: [Anyone found] amazing shopping deals now?
Replies: 30
Views: 3984

Re: Amazing shopping deals now

Amazon seems swamped and unable to fill all their orders, so I’m not surprised that I haven’t seen many/any deals there. I cancelled my Prime membership since Prime shipping is no faster than regular shipping these days, and I never use the streaming services anyway. Also keeps me from buying stuff...
by Raymond
Sat Apr 25, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: I need financial/general advice
Replies: 47
Views: 2994

Re: I need financial/general advice

Welcome to Bogleheads! +1 to the advice above about NOT day trading, unless you like odds of 20% success or less - you might as well go to a casino and play roulette, you would have better odds of winning there (but I wouldn't do that either): "The odds of day trading yourself to a profit are lower ...
by Raymond
Thu Apr 23, 2020 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency
Replies: 26
Views: 1528

Re: HELOC for emergency

I'm in the process of opening one now so that when the real estate market crumbles in my area I can pull funds out and grab some cheap houses or land without having to use my taxable account... I'm asking because I don't know, but what happens to the HELOC when the equity in your house drops as wel...
by Raymond
Wed Apr 15, 2020 12:51 pm
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 92
Views: 5511

Re: Convince me - for or against bigger home

Couldn't any room be turned into a prayer room temporarily during the hours used daily? Yeah - not the best use of space, tbh. There's an additional bed in there as well - so that's the second guest room. Just writing this up clarifies a bunch of things - we're not using the space well - and don't ...
by Raymond
Wed Apr 15, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card limit slashed for inactvity.
Replies: 27
Views: 1242

Re: Credit card limit slashed for inactvity.

I had a credit card cancelled once for inactivity.

I said, "Oh, well", and opened another one with better benefits.
by Raymond
Wed Apr 15, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7619

Re: Retirees: what are you doing with all the home equity?

Nothing.

Although I had a brief flash of genius: Doing a HELOC and putting all the proceeds into UPRO.

Then I woke up.

Not living as large as Livesoft, though :( :P
by Raymond
Tue Apr 14, 2020 5:53 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 246
Views: 15125

Re: Coronavirus Flight Cancel Thread

If you do not want to go and prefer a refund, then I'd call sooner rather than later. The last thing you'd want in that case is for there to be another schedule change, one that ended with timing that would not qualify for a refund. RM I believe you can call them to cancel and get a credit on your ...