Search found 15 matches

by D Train
Fri Jul 25, 2008 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Insurance - Umbrella Policy
Replies: 13
Views: 3352

geico

we carry $4mm thru Geico, at an annual cost of $630.
by D Train
Tue Jul 22, 2008 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign bank accounts
Replies: 5
Views: 1763

Foreign bank accounts

I'd like to open a foreign jurisdiction bank account. Purpose is NOT for hiding assets or tax evasion, and I anticipate I would complete the FBAR form with the IRS if reporting requirements were triggered, i.e., >$10k at any point during year. My purpose is just to have an "out" (as we say...
by D Train
Sun Jul 20, 2008 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Cash managment in a low rate environment
Replies: 15
Views: 4167

well, you've stumbled upon the textbook definition of why holding cash (and bonds) is not a very good investment. you're just treading water. you might reconsider adding some equity exposure. you also have to keep in mind that there's a very good chance that you're about to get soaked over the next...
by D Train
Fri Jul 18, 2008 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Cash managment in a low rate environment
Replies: 15
Views: 4167

malloc wrote:Pardon my ignorance, but how could you possibly not be hit by the AMT?


If your effective rate > 28%, you skip the AMT.
by D Train
Thu Jul 17, 2008 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Canadian dollar accounts
Replies: 10
Views: 2770

Have you tried something as simple as calling one of the bank's toll free numbers and asking whether you can open an account by mail? Yes, and I have gotten mixed responses on this. RBC seems to be the closest to allowing this, but I'm not sure they will accept a mailed application. I was hoping th...
by D Train
Thu Jul 17, 2008 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Canadian dollar accounts
Replies: 10
Views: 2770

Re: Canadian dollar accounts

it seems late to the party. In my lifetime, the C$ has only been this high against the USD once before. This statement would be true for virtually any currency vs. the USD. The bigger question, for us, is how to start moving investments away from USD-denominated assets (including equities and fixed...
by D Train
Wed Jul 16, 2008 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Canadian dollar accounts
Replies: 10
Views: 2770

Canadian dollar accounts

I'm an American living in America. I want to make a secular bet on the Canadian dollar, by opening one and putting the money into either a "high yield savings" account paying 2.75% or so, or a GIC paying 3.25%. The big problem is trying to open a Canadian dollar-denominated account. I want...
by D Train
Wed Jul 16, 2008 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: question about life insurance. Emergdoc, Laura or others
Replies: 14
Views: 2839

hat's why group life insurance is so wonderful... no underwriting and generally cheaper per thousand -- always buy the max your company offers. The biggest problem with group life is that it is not portable. If you change jobs, you lose your insurance. Who knows if you are insurable at that point, ...
by D Train
Wed Jul 16, 2008 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: question about life insurance. Emergdoc, Laura or others
Replies: 14
Views: 2839

my experience

After having a kid, my wife and I each got underwritten for 30 year level term, $2.5M policy. (I was 39 at the time of underwriting, my wife was 35.) We both got rated preferred best, and I think I pay around $2700/year; I think my wife pays around $1600. This isn't cheap, but $2.5M is a fairly larg...
by D Train
Thu Jul 10, 2008 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Cash managment in a low rate environment
Replies: 15
Views: 4167

Cash managment in a low rate environment

We have a problem with cash management. The majority of our net worth is in cash or equivalents, due to the fact that our household finances are very tied to the performance of the markets. In a good year, bonuses are safely in the seven-figure range, after taxes. So whether you disagree with us or ...
by D Train
Wed Jan 16, 2008 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Irrevocable life insurance trust question
Replies: 5
Views: 1629

If you have estate tax issues (either because of existing net worth, or because of net worth + life insurance proceeds), you have to pony up to structure a Crummey power trust.
by D Train
Tue Jan 15, 2008 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Investing for an infant.
Replies: 15
Views: 3821

I also think the "aggressive" option, even given the time horizon, isn't necessarily the smartest choice. We're deliberately trying for a modest rate of return, in exchange for lower volatility. My objective is to fund $1M real dollars at her 65th birthday, which will fund a modest retirem...
by D Train
Sun Jan 13, 2008 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Investing for an infant.
Replies: 15
Views: 3821

My wife and I actually did this, two years ago, and have followed a plan of depositing $10k for every year that we're earning an extraordinarily large income. I blogged about it but the forum wont allow my to post an external link due to my newbieness. Just google "high impact investing for my ...
by D Train
Thu Oct 11, 2007 9:56 am
Forum: Investing - Theory, News & General
Topic: Niederhoffer Blows Up...Again
Replies: 47
Views: 13234

Hedge funds have a legitimate place.

New to the forum, but not surprised too much at the hostility to hedge funds. Sure, fees are hefty, but if I could get money into Stevie Cohen's fund, I'd happily pay his exorbidant fees. Half of me believes the asset allocation theory, and we do our share of indexed investing/rebalancing, etc. The ...
by D Train
Fri Oct 05, 2007 10:02 am
Forum: Investing - Theory, News & General
Topic: Auction Rate Securities vs. NY Money Market Fund
Replies: 2
Views: 1000

Auction Rate Securities vs. NY Money Market Fund

First post here. I live in NYC and am in the top federal, state, and city tax brackets. (AMT exempt). So obviously I've been parking my money in triple tax free investments. Most of our cash is in the Vanguard NY MMF, VYFXX. However, I keep $100k in an auction rate security issued by the Battery Par...

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