Search found 3407 matches

by unclescrooge
Fri Jul 19, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?
Replies: 26
Views: 3711

Re: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?

Looks fairly new, was wondering if anyone has heard of them. They are offering a 3% savings account where the interest is based on tiers depending on how many steps you go per day using their app to track it. Appears to be related to Affinity Bank (I never heard of them, but it looks legit) as they...
by unclescrooge
Fri Jul 19, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?
Replies: 26
Views: 3711

Re: FitnessBank 3% savings with 12,500 daily steps - has anyone heard of them?

Looks fairly new, was wondering if anyone has heard of them. They are offering a 3% savings account where the interest is based on tiers depending on how many steps you go per day using their app to track it. Appears to be related to Affinity Bank (I never heard of them, but it looks legit) as they...
by unclescrooge
Fri Jul 19, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 75
Views: 4883

Re: Safe Deposit Boxes Aren't Safe

Or a weapon aimed at the person who knows the combo. You're assuming that the person with the weapon knows that the safe is there. With a well-placed floor safe, it's extremely unlikely that they will. And most home invaders ply their trade when the occupants are absent anyway. And if the occupants...
by unclescrooge
Fri Jul 19, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 75
Views: 4883

Re: Safe Deposit Boxes Aren't Safe

Like any option out there, there is risk with a safe deposit box. I and most others view that risk as being very small, but it is not zero. I cannot imagine why the man in the article held over $10 million worth of items in one; there are surely better options for storing such expensive items. OTOH...
by unclescrooge
Fri Jul 19, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 34
Views: 1900

Re: Changes to Morningstar Website?

columbia wrote:
Thu Jul 18, 2019 7:51 am
The publicly accessible portion of their website is now pretty useless.

That was the intention?
Their premium version isn't much better.
The mobile premium is total garbage.
by unclescrooge
Fri Jul 19, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 75
Views: 4883

Re: Safe Deposit Boxes Aren't Safe

Like any option out there, there is risk with a safe deposit box. I and most others view that risk as being very small, but it is not zero. I cannot imagine why the man in the article held over $10 million worth of items in one; there are surely better options for storing such expensive items. OTOH...
by unclescrooge
Fri Jul 19, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pursued the wrong career?
Replies: 37
Views: 6580

Re: Pursued the wrong career?

I very much understand how you're feeling. I'm 37 and have been working as a physician in a primary care field (hospital medicine) for the last 8 years. I realized long ago that I didn't like my career, but really had no choice but to work and pay off student loans. I've learned a lot about myself ...
by unclescrooge
Fri Jul 19, 2019 2:25 pm
Forum: Personal Investments
Topic: Gold?
Replies: 79
Views: 3304

Re: Gold?

.... I did add that long-term returns are very poor, when starting at a fair date (starting either in 1975 or any year before 1933). But if it's strongly enough inversely correlated to stocks/bonds when they're doing poorly, it could be worth that very poor performance in good times. Bingo. Gold is...
by unclescrooge
Thu Jul 18, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: 72(t) distributions for terminally ill
Replies: 8
Views: 763

Re: 72(t) distributions for terminally ill

Metastatic cancer is one of the few conditions that is fast tracked for approval of TPD (total permanent disability), for purposes of applying for social security disability, Medicaid, or (I believe) withdrawing from retirement accounts without penalty. She should speak with a disability attorney t...
by unclescrooge
Thu Jul 18, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: 72(t) distributions for terminally ill
Replies: 8
Views: 763

Re: 72(t) distributions for terminally ill

Not all plans are required to support the Rule of 55, but it would not hurt to ask the plan administrator if this rule is supported in her plan. I am not sure if "leaving the employer" would be a deal breaker even if the plan supports it, it sounds like your friend is depending on the insurance bei...
by unclescrooge
Thu Jul 18, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 72(t) distributions for terminally ill
Replies: 8
Views: 763

72(t) distributions for terminally ill

My wife's friend (age 55) has bilateral metastatic breast cancer. She was given 3 months to live. That was 4.5 years ago. But then she was given some experimental drugs and now 4.5 years later, she is in remission and seemingly fine. However, she needs monthly chemo for as long as she lives. So far ...
by unclescrooge
Wed Jul 17, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 913

Re: in CA, what is the best way to save for kids college, in detail?

mighty72 wrote:
Wed Jul 17, 2019 6:11 pm
The CA 529 plan has one of the lowest fees in the country. Please take a look before investing elsewhere. As there are no immediate tax benefits, I would look at cost.
Saving 10bps a year for 10 years shouldn't trump ease of use.
by unclescrooge
Wed Jul 17, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 913

Re: in CA, what is the best way to save for kids college, in detail?

Grt2bOutdoors wrote:
Wed Jul 17, 2019 1:51 pm
You could, but why pass up on the tax free growth of a 529 plan? You will pay some taxes on a taxable account.
True, but what if you didn't need to sell your investments?
We save about 50k/yr towards retirement.
We can just stop contributions for 4-6 years and cashflow college costs for 2 kids.
by unclescrooge
Wed Jul 17, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 913

Re: in CA, what is the best way to save for kids college, in detail?

So in CA, it wouldn't have any tax benefit between different States' 529 plans? So if Vanguard offers the Nevada one, that would be a fine choice, given that it would be easy to track with my other Vanguard accounts? Another option, if there is no CA tax benefit, would it be just as good to open an...
by unclescrooge
Wed Jul 17, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 913

Re: in CA, what is the best way to save for kids college, in detail?

CA has no tax benefit, so we use the Nebraska plan because it integrates with my brokerage account. Not that we contribute much. Maybe $1000/year. We expect to pay for college out of cash flow. Kids are still young, but being trained to understand that our expectations are they carry their own burde...
by unclescrooge
Wed Jul 17, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: How Much- Installation Roman Shade (Window Treatment)
Replies: 4
Views: 406

Re: How Much- Installation Roman Shade (Window Treatment)

Sometimes there is a header in the wall above a window. You'll need an impact drill and the proper drill bit to make a hole. If there are metal brackets on the framing, you could even break your drill bit. It is easy, but if you do it wrong, it will be a pain to fix. Pay it and move on. If you have ...
by unclescrooge
Tue Jul 16, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5303

Re: 1 million in liquid assets or paid off mortgage by 40?

You're missing a few things: 1. I'm in 80/20, and part of my bond allocation is in junk bonds (which returned 20% this year) and EM bonds which have about 4 or 5% yield. 2. The total portfolio is expected to grow 6% a year which handily beats 3.125%, regardless of tax breaks on mortgage. The intere...
by unclescrooge
Tue Jul 16, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5303

Re: 1 million in liquid assets or paid off mortgage by 40?

Option A. We have a million dollars in home equity, but also a near-million mortgage, and slightly less in investable assets. We're in no hurry to pay down the 3.125% mortgage. If you have 30y mortgage at 3.125% when 30y treasury is 2.63%, you would be losing money on typical 70/30 stock/bond portf...
by unclescrooge
Tue Jul 16, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4717

Re: Do you care about your home appreciating?

If home prices continue to appreciate in SoCal, my kids won't afford to move out of the house. Plus gardeners, cleaners, teachers, grocery clerks and music teachers will move elsewhere which would be detrimental to society. As much as I love to have equity in my home, a huge crash wouldn't hurt eith...
by unclescrooge
Tue Jul 16, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to refi this 80/10 mortgage?
Replies: 3
Views: 388

Re: How to refi this 80/10 mortgage?

Option 2.

Paying 0.5% more interest on $55k costs you less than the reduction of 0.65% on $450k.
by unclescrooge
Tue Jul 16, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5303

Re: 1 million in liquid assets or paid off mortgage by 40?

Option A.

We have a million dollars in home equity, but also a near-million mortgage, and slightly less in investable assets. We're in no hurry to pay down the 3.125% mortgage.
by unclescrooge
Tue Jul 16, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 101
Views: 5055

Re: College cost prediction and savings for 5, 3, and newborn

There very well could be a revolution in education coming. DS is currently taking a couple summer courses at his expensive private college and because the schedules make his classes overlap, he's taking one as an online course. This has become a near standard at his college, where students can watc...
by unclescrooge
Mon Jul 15, 2019 10:08 pm
Forum: Personal Consumer Issues
Topic: Ring video doorbell 2
Replies: 8
Views: 1222

Re: Ring video doorbell 2

For $30/yr I would recommend paying for it until you get the Arlo cameras.
by unclescrooge
Mon Jul 15, 2019 4:40 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3857

Re: Poor financial advisor performance

Please list the funds, and the percentage allocation to each one.

From this we can drill deeper into your under performance.
by unclescrooge
Mon Jul 15, 2019 4:38 pm
Forum: Personal Investments
Topic: Contributing to Roth IRA for my teen prior to receiving earned income
Replies: 17
Views: 1415

Re: Contributing to Roth IRA for my teen prior to receiving earned income

Waiting a few months to know what he actually earned sounds prudent to me, especially considering his timeframe is at least 40 years (59 - 19). What if he earns less than what is "projected" and you have to deal with the IRS because too much was contributed? What proof do you need to show IRS? Simp...
by unclescrooge
Sat Jul 13, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Safe DIY Spider Control
Replies: 16
Views: 664

Re: Safe DIY Spider Control

I spray bifen-IT every 4 months around the outside house. Keeps the spider population down.
by unclescrooge
Thu Jul 11, 2019 10:11 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4092

Re: How do most advisors produce client returns?

Correct. Which is why I’m considering doing it for them. :) Me: “You are paying X. Would you prefer to only pay 1/10th X, and I’ll also throw in Y and Z because I’m a licensed A?” How will you stay in business if you are only charging 1/10th the fee? Assuming the average advisor charges 2%, that's ...
by unclescrooge
Thu Jul 11, 2019 5:12 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4092

Re: How do most advisors produce client returns?

Is there any "understanding" that the risk adjusted portfolio will contain at least 12 or so funds? Just complex enough that no client will figure out total ERs, fees, tilt, or be able to compare their returns to anything? I could be wrong, but I think the average person is smart enough to be shown...
by unclescrooge
Thu Jul 11, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 4712

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

Based on this model asset allocation of the ultra-wealthy, it appears that they invest very differently from average investors. 26% - Real Estate 25% - Private Equity 22% - Public Equities 12% - Cash 9% - Fixed Income 5% - Hedge Funds 1% - Miscellaneous 0% - Currencies & Commodities https://i.ibb.c...
by unclescrooge
Wed Jul 10, 2019 12:13 pm
Forum: Personal Investments
Topic: Why not post-tax investment in US for people from Home Country - India
Replies: 34
Views: 3191

Re: Why not post-tax investment?

Would you rather pay 15% tax on $0.75 or 25% tax on $1? 👍 Call me confused, but this does not make sense/quite translate. I can see that growth in a tax deferred account gets taxed as ordinary income, so I get the “25% tax on $1”. But, if we are talking about after tax investment, you have 0.75 ini...
by unclescrooge
Wed Jul 10, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Do renters need more real estate exposure?
Replies: 23
Views: 1820

Re: Do renters need more real estate exposure?

As I've explained, housing costs are far and away my biggest expenditure (and the same is true for many renters). How much money I need in the future is strongly correlated to future housing prices in my area. So the one outcome I really want to avoid is large increases in housing prices without la...
by unclescrooge
Wed Jul 10, 2019 10:33 am
Forum: Personal Investments
Topic: Why not post-tax investment in US for people from Home Country - India
Replies: 34
Views: 3191

Re: Why not post-tax investment?

MotoTrojan wrote:
Wed Jul 10, 2019 8:28 am
Would you rather pay 15% tax on $0.75 or 25% tax on $1?
👍
by unclescrooge
Mon Jul 08, 2019 11:15 am
Forum: Personal Investments
Topic: Should we invest in an island home?
Replies: 25
Views: 4139

Re: Should we invest in an island home?

NO! Please read the numerous threads on "should I buy a rental home". If you can't get to the house in 20 minutes, then I would not. And even if you can get to the house in 20 minutes, are you cut out to be a landlord? This doesn't make sense. In California, most people can't even get to work in 20...
by unclescrooge
Sat Jul 06, 2019 11:23 am
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 10958

Re: Does anyone own gold?

My grandfather was buying gold coins (note it was illegal in Soviet Union) but his distrust to Soviet currency overwhelmed possible punishment :). So, when Soviet Union collapsed, and currency became worthless I was able to sold coins for $$ and get out of there. So, gold sometimes is nice to have....
by unclescrooge
Sat Jul 06, 2019 11:19 am
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 10958

Re: Does anyone own gold?

This is likely outside of our lifetimes, but just wait until asteroid mining becomes cost effective. The price of gold, platinum, and many other rare and valuable metals will go the way of aluminum. The nearest asteroid to earth contains far more gold and platinum than has been ever mined in human ...
by unclescrooge
Sat Jul 06, 2019 11:17 am
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 10958

Re: Does anyone own gold?

To the OP: you only avoid gold if you're imprudent. Such an individual is likely to be an investor that relies heavily on U.S.-centric market return data going back 40 or so years. It's what I call Myopic Portfolio Visualizer Syndrome (MPVS). The prudent thing to do, as demonstrated by investors li...
by unclescrooge
Sat Jul 06, 2019 11:12 am
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 10958

Re: Does anyone own gold?

This has been discussed before. Check this out; Uncle Scrooge owns some gold coins: https://www.bogleheads.org/forum/viewtopic.php?t=234735&start=100#p3857477 https://www.bogleheads.org/forum/viewtopic.php?t=234735&start=100 Hahahaha, I can't believe you remember that! It is true. I own French 20 f...
by unclescrooge
Fri Jul 05, 2019 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2253

Re: Inheriting two hours, sell or rent them ...

...That's what whips are for :mrgreen: It's much easier to replace a problem manager than a problem tenant. Actually problem property managers are wilier and slithier than the worst tenant you will ever have. They will drain cash from your rental business while telling you what a wonderful job they...
by unclescrooge
Wed Jul 03, 2019 2:48 pm
Forum: Investing - Theory, News & General
Topic: Unsolicited Diamond Investment Call
Replies: 26
Views: 1934

Re: Unsolicited Diamond Investment Call

Does anyone have any ideas where my information could be leaking from? Should I be concerned? These things are so easy to ascertain based on a handful of data points. Based on where you shop and where you live it's pretty easy to guess. It's even easier to guess online even if the data is anonymize...
by unclescrooge
Wed Jul 03, 2019 12:59 am
Forum: Personal Consumer Issues
Topic: Parents got ripped off, what can I do about it?
Replies: 75
Views: 6653

Re: Parents got ripped off, what can I do about it?

Where I live, everytime a plumber comes out the estimate is a thousand dollars :oops:

I was talking to a 24 year old plumber who works for a large company. He makes $80k/year and had a 401k plan with company matching. He said he 2 years he should be making $120k. :shock:
by unclescrooge
Wed Jul 03, 2019 12:52 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3211

Re: Do Target Date Retirement Funds Have a Down Side?

Thesaints wrote:
Tue Jul 02, 2019 6:32 pm
The major downside is that they are optimized for an average, stereotypical, future retiree and there are good chances you ain't one.
+1

And if you don't know where you are going, they will take you 80% of the way there.
by unclescrooge
Wed Jul 03, 2019 12:06 am
Forum: Personal Investments
Topic: Question for the 5%...Anyone buying any individual stocks?
Replies: 51
Views: 4301

Re: Question for the 5%...Anyone buying any individual stocks?

Yes, I understand where I am posting this question, but I figured at least 5% of people surfing this forum could have some input on this. Any strong individual stock purchases? Long term holds? Possibly next Amazon? What do you think will be booming in the next 5, 10, 15 years? Just out of curiosit...
by unclescrooge
Wed Jul 03, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2253

Re: Inheriting two hours, sell or rent them ...

Sorry for your loss. Not everyone is a landlord. If you don’t like that, then sell them. While you advice is technically correct, All the OP's issues can be addressed via a good property management company. Still got to manage the property manager, right? :sharebeer That's what whips are for :mrgre...
by unclescrooge
Tue Jul 02, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2253

Re: Inheriting two hours, sell or rent them ...

mortfree wrote:
Tue Jul 02, 2019 7:29 pm
Sorry for your loss.

Not everyone is a landlord. If you don’t like that, then sell them.
While you advice is technically correct, All the OP's issues can be addressed via a good property management company.
by unclescrooge
Fri Jun 28, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12748

Re: How did you lower your annual expenses?

-Don't eat out -Shop grocery ads (don't buy name brand food -or anything) -Dump Cable TV AND all subscription tv expenses (too many people dump cable TV at $1xx per month only to subscribe to 10 streaming services for $80+) -Use the library for books and other media -Reduce your cell phone bill dra...
by unclescrooge
Fri Jun 28, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Premier Plus Checking - How to earn maximum interest?
Replies: 17
Views: 1375

Re: Chase Premier Plus Checking - How to earn maximum interest?

I opened a you invest account and put $25k in a Muni bond ETF. unclescrooge, which Muni bond ETF did you buy? At the time MUB, and subsequently SUB as rates have dropped. unclescrooge, The 30-day SEC Yield on MUB is 1.87% and Distribution Yield (TTM) is 2.48% The 30-day SEC Yield on SUB is 1.38% an...
by unclescrooge
Fri Jun 28, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Chase Premier Plus Checking - How to earn maximum interest?
Replies: 17
Views: 1375

Re: Chase Premier Plus Checking - How to earn maximum interest?

teelainen wrote:
Fri Jun 28, 2019 9:42 am
unclescrooge wrote:
Sat May 11, 2019 1:30 am
I opened a you invest account and put $25k in a Muni bond ETF.
unclescrooge, which Muni bond ETF did you buy?
At the time MUB, and subsequently SUB as rates have dropped.
by unclescrooge
Fri Jun 28, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: how much to finance a new car at .9%
Replies: 57
Views: 3862

Re: how much to finance a new car at .9%

Putting the car aside... would you walk into your local bank and borrow $33k at to invest? If no, then pay off your car today. Like others have said, the spread is minimal and your earnings would probably buy you an extra Big Mac each year (metaphorically speaking). If I could borrow money at 1% to...
by unclescrooge
Thu Jun 27, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: Land Investing
Replies: 4
Views: 647

Re: Land Investing

Unless you are developing land, any investment is just pure speculation.
by unclescrooge
Thu Jun 27, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12748

Re: How did you lower your annual expenses?

1) Moved to an income tax free state that had high wages during earning years. 2) Drove 'beaters' when vehicle tax was based on value (Still drive a 43 yo car that gets 50mpg on free fuel (Home brew)) ... 5) Travel using "Guest homes" $20 / night worldwide for entire family (includes at least one m...