Search found 3336 matches

by unclescrooge
Tue Jun 18, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 2825

Re: Cost of mini split installation?

My name is Dan, i live outside of Boston, and i'm currently shopping for AC installation... :sharebeer We live a couple towns north in a 100yr old colonial. We just got a quote for $30k for a central air install including routing ducts to the downstairs through upstairs closets. We're awaiting a se...
by unclescrooge
Tue Jun 18, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35935

Re: Why are you NOT buying rental properties?

(5) Buy below market value. I don't think that's been possible for at least a couple of years in our area. Houses are on the market for days, sometimes hours, and are regularly bought with cash and no contingencies, not even an inspection. Rents are increasing but certainly not at the same pace as ...
by unclescrooge
Tue Jun 18, 2019 1:22 am
Forum: Personal Consumer Issues
Topic: Are you a member of nextdoor.com? Any concerns registering your info?
Replies: 45
Views: 3074

Re: Are you a member of nextdoor.com? Any concerns registering your info?

We have two accounts, one for home and another for the area our rental is in. Its great, and better than Yelp or Angies list. Apparently in some rich neighborhoods nothing happens so the posts are mostly lost pets and "I saw a strange man walking around" :happy Yes, there's a lot of racial profilin...
by unclescrooge
Tue Jun 18, 2019 1:17 am
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 26
Views: 1509

Re: wood floors and general cleaning: steam?

Thanks all. Time is precious here. Just trying to figure out the most streamlined way to clean it. The wood has a Handscraped Wirebrushed kind of texture, so I am just trying to figure out if there was a product that I can use that cuts some of the time of the traditional rag and brush method. We h...
by unclescrooge
Tue Jun 18, 2019 1:16 am
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 26
Views: 1509

Re: wood floors and general cleaning: steam?

quantAndHold wrote:
Mon Jun 17, 2019 1:50 pm
The guy who refinished our wood floors back in the day said to use windex. So we use windex, then wipe it up with one of those wet/dry swifter pads.
Bona is probably better.
by unclescrooge
Tue Jun 18, 2019 1:13 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 66
Views: 2896

Re: How to avoid high vet bills?

If you cant afford a dog, dont get one. If you're concerned with how much vet bills will cost, dont get a dog. Its pretty simple. Yes There's a lot of variance in pet health care pricing. Just because I can afford it doesn't mean I should be loose with my money. I did a lot of research on my breed,...
by unclescrooge
Tue Jun 18, 2019 1:03 am
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 66
Views: 2896

Re: How to avoid high vet bills?

You can also treat your dog with human medications- look it up on the Internet. Dangerous to do except on the advice of a vet. The Internet is a big place, with all kinds of different quality information. Different species metabolize drugs quite differently and have other differences that can be cr...
by unclescrooge
Tue Jun 18, 2019 12:43 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 92
Views: 3956

Re: What percentage of total portfolio in REIT's do you have? Why?

I didn't sell during the crash, but as soon as my holding was back to even, I sold. So even nisiprius has dealt with anchoring bias . :wink: What is "anchoring bias"? thanks j :D Anchoring or focalism is a cognitive bias where an individual relies too heavily on an initial piece of information offe...
by unclescrooge
Mon Jun 17, 2019 2:38 pm
Forum: Personal Consumer Issues
Topic: Termites or Ants in Garden?
Replies: 17
Views: 1090

Re: Termites or Ants in Garden?

Sentricon is a detection system first: Small pieces of non-poisonous wood are placed around the foundation. They are inspected on a schedule to see if any termites have chewed on them. If chewing action is found, then the non-poisonous wood is replaced with poisonous wood which workers take back to...
by unclescrooge
Sun Jun 16, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance options - should I proceed?
Replies: 8
Views: 674

Re: Mortgage refinance options - should I proceed?

Thanks all! I used a calculator that took into account interest deductions and lost interest on cash spent. Unfortunately, I'm not in a position to refinance down to a 20-year or 15-year, or pay down aggressively enough to make a 10/1 ARM worth it. I think you might be misunderstanding what a 10/1 ...
by unclescrooge
Sun Jun 16, 2019 6:56 pm
Forum: Personal Investments
Topic: Watches as investments?
Replies: 19
Views: 1790

Re: Watches as investments?

I recently saw a YouTube video by “Mr. Wonderful” of Shark Tank fame explaining that buying certain watches are a good investment vehicle. He mentioned six watches, made by Patek Phillipe, Rolex, AP, and one more watchmaker, I believe. I also saw another video explaining the same topic of buying ce...
by unclescrooge
Sun Jun 16, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Airbnb in LA
Replies: 4
Views: 416

Re: Airbnb in LA

Doesn't look like Airbnb is allowed in LA for rentals under 30 days. This stinks as we like to rent a condo for a week and visit Disney Land etc. Am I correct or missing something here? I think you are misinterpreting the laws. They are only banned in apartments with rent control, i.e. where the ce...
by unclescrooge
Sun Jun 16, 2019 2:40 pm
Forum: Personal Investments
Topic: Help me Built a Dividend Growth Investment Portfolio
Replies: 33
Views: 3407

Re: Help me Built a Dividend Growth Investment Portfolio

First, let me say that I use a total market ETF approach in my pre-tax and Roth accounts. Secondly, I use a dividend approach for my taxable account, I am in the 12% tax bracket now and for the foreseeable future so my dividends are taxed favorably . I use the DJIA. 10 of the companies are dividend...
by unclescrooge
Sun Jun 16, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Worth putting extra downpayment to get to 750K mortgage?
Replies: 6
Views: 623

Re: Worth putting extra downpayment to get to 750K mortgage?

Isabelle77 wrote:
Sun Jun 16, 2019 1:01 pm
MathIsMyWayr wrote:
Sun Jun 16, 2019 12:47 pm
Not sure whether applicable to you. Some loans carry slightly lower interest rates if the loan amount is below the maximum conforming loan limit, $484,350(?).
We've actually found that the jumbo loan rates are slightly lower.
Past several years this has definitely been true.
by unclescrooge
Sat Jun 15, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Mosquitos
Replies: 42
Views: 3262

Re: Mosquitos

Citronella tea lights work very well.
by unclescrooge
Sat Jun 15, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Health Insurance for Parents Traveling from Abroad
Replies: 3
Views: 370

Re: Health Insurance for Parents Traveling from Abroad

Insbuy.com

I've bought from here, but never had to use it.
by unclescrooge
Sat Jun 15, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Compound interest for 10% interest rate?
Replies: 29
Views: 2985

Re: Compound interest for 10% interest rate?

awdesign wrote:
Sat Jun 15, 2019 2:17 pm
Can someone help me how to calculate this?
- investment period; 32 days
- reinvested after each period
- interest rate: 10%/year
what will be the total interest earned after 1 year? what will be the rate?
thanks
The interest rate is 10% per year, or .83%/month.
32 days is approx 0.88%.
by unclescrooge
Sat Jun 15, 2019 3:34 pm
Forum: Investing - Theory, News & General
Topic: Utilities - worth another look?
Replies: 87
Views: 5759

Re: Utilities - worth another look?

The backtest below includes the performance of a variety of Fidelity Select Sector Funds dating back to 1987. I have also included a long term treasury fund and gold fund for grins. If you click on the “assets” tab, you can view the performance of each fund over the time period and also view correl...
by unclescrooge
Fri Jun 14, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle: car rentals via turo
Replies: 16
Views: 1738

Re: Side hustle: car rentals via turo

For all of these reasons the trend faded fairly quickly as the total financial advantage to the owner was either slim or negative. OP may well think different. But I don't even like allowing a valet to park my car, preferring to park it myself and walk. I don't get the whole sharing economy thing. ...
by unclescrooge
Fri Jun 14, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8297

Re: The Case Against ETFs

OP, why do you care what others do? Obviously if one cannot resist temptations, there are many things they should probably avoid. Broken Man 1999 To be fair, there are ETF advocates who seem to be devoted to get everyone to switch over from mutual funds. People should invest in whichever they feel ...
by unclescrooge
Fri Jun 14, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8297

Re: The Case Against ETFs

As for the unavailability of fractional shares, it isn't an issue. Between my wife and I, we have 7 accounts (2 tax-deferred, 2 tax-free, 1 "locked-in" tax-deferred, and 2 taxable). The price of VBAL is a little bit over $25. This means that, on average, we have (7 X ($25 / 2)) = $87.50 sitting in ...
by unclescrooge
Fri Jun 14, 2019 11:29 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8297

Re: The Case Against ETFs

3) Liquidity: Many ETFs now track relatively illiquid assets. The backbone of the ETF is the Authorized Participant (AP). The APs are key to the creation and redemption process. But they are not contractually obligated to play that role. This is a moot point for highly liquid, publicly traded secur...
by unclescrooge
Fri Jun 14, 2019 9:11 am
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2332

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

In fact when the VIX is low like under 15 buying long term puts out of money can have positive expected returns in excess of risk free rate. Interesting. Just for my learning why wouldn't other people commit to this if it is known? Genuine question. Double line founder, Gundlach, recommended buying...
by unclescrooge
Fri Jun 14, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: What would your housing preference be with 4 kids?
Replies: 41
Views: 2889

Re: What would your housing preference be with 4 kids?

LuckBeALady wrote:
Sun Feb 03, 2019 4:09 pm
I would prefer to live in a cottage at least a few hundred yards away.
+1000
by unclescrooge
Fri Jun 14, 2019 8:48 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8297

Re: The Case Against ETFs

3) Liquidity: Many ETFs now track relatively illiquid assets. The backbone of the ETF is the Authorized Participant (AP). The APs are key to the creation and redemption process. But they are not contractually obligated to play that role. This is a moot point for highly liquid, publicly traded secur...
by unclescrooge
Fri Jun 14, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15241

Re: Relationship mortgage discounts for moving a million assets

Got a matching quote from BofA: 10/1 ARM for 3% on 800k+ jumbo loan (20% down). Zero points/orig, plus normal closing costs. Their Interest only option seem to require 30% down, same rate Relationship discount of .25% for bringing $500k net new money (NNM) to BofA (they indicated their max discount...
by unclescrooge
Fri Jun 14, 2019 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Side hustle: car rentals via turo
Replies: 16
Views: 1738

Side hustle: car rentals via turo

I currently drive a 2010 Acura tax with 60k miles on it. I just put in new struts, tires and it runs great. I only drive 3k miles/yr and I expect it to last another 10 years. However, I'm bored and want something new to drive. I'd like to upgrade my car but I really distain adding new fixed costs to...
by unclescrooge
Fri Jun 14, 2019 3:32 am
Forum: Investing - Theory, News & General
Topic: What financial information do you wish was more commonly known?
Replies: 46
Views: 7287

Re: What financial information do you wish was more commonly known?

I wish that my co-workers didn't think that variable annuities were the best way to invest for retirement. even better...all the people who believe you can get the return of the stock market with none of the risk (equity-indexed annuities). I actually calculated the past 10 years for a wife's colle...
by unclescrooge
Fri Jun 14, 2019 12:30 am
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2332

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

This is a futile exercise with only 5% of your portfolio. Put that allocation in Long term treasuries or gold instead. Much easier to keep track of and probably have a better return. I am guilty of making things overly complicated . This might be one of those instances. Perhaps I can have LTT or go...
by unclescrooge
Fri Jun 14, 2019 12:24 am
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2332

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

In fact when the VIX is low like under 15 buying long term puts out of money can have positive expected returns in excess of risk free rate. Interesting. Just for my learning why wouldn't other people commit to this if it is known? Genuine question. Double line founder, Gundlach, recommended buying...
by unclescrooge
Thu Jun 13, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35935

Re: Why are you NOT buying rental properties?

I used to rent a unit in a fourplex. The tenant below me destroyed the plumbing by pouring 20 gallons of used fryer oil down the sink and then disappeared shortly after. Those are not the sort of people upon whom I want my wealth to depend. Apparently tenant vandalism is covered in landlords policy.
by unclescrooge
Wed Jun 12, 2019 11:08 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 21
Views: 2684

Re: I think I found someone to ask about retirement plans....

Hint...when you rebalance you sell the performers and buy underperformers. I'm afraid you are doing it backwards and that may be costing you a good deal of money. Your portfolio is also way too aggressive if you are considering taking time off/retiring. +1 Rebalancing is about selling the performan...
by unclescrooge
Wed Jun 12, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 44
Views: 3821

Re: Karsten (Early Retirement Now) Pens a Serious Challenge to Merriman and the Small/Value Premium

Fama/French won the Nobel prize for this discovery. The Nobel. Prize. Fama won a Nobel prize, French did not. The prize was not awarded for the Fama/French three-factor model, it was awarded for the efficient market hypothesis. The Royal Swedish Academy of Sciences press release: Beginning in the 1...
by unclescrooge
Tue Jun 11, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Warranty/Insurance for Solar Panels?
Replies: 5
Views: 360

Re: Warranty/Insurance for Solar Panels?

Your homeowners insurance should cover things like weather damage to the panels. The panels and inverter should still be covered by the product warranty. The only thing that won’t be covered is labor if something is defective and needs to be swapped out. Your warranty for labor was probably about t...
by unclescrooge
Tue Jun 11, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 6039

Re: Do Fidelity Offices/Advisors Add Value?

After having looked at the suggested annuity, the concept was interesting but I will pass. For one thing there is a lot of uncertainty right now with different things in my life now, not a good time to make such a decision. I did tell the advisor that I might buy a Single Premium Immediate Annuity ...
by unclescrooge
Tue Jun 11, 2019 2:21 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 2825

Re: Cost of mini split installation?

The pricing sounds absurd.

I had two separate regular HVAC systems and duct installed for $25k.

I mini split is usually cheaper.
by unclescrooge
Tue Jun 11, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 59
Views: 9702

Re: Cleaning up new house before move in—getting rid of “cat smell”

Jags4186 wrote:
Mon Apr 02, 2018 8:47 am
Fortunately the house is all hardwood/tile floors.

I don’t believe it is a matter of a poorly managed cat house, just the scent of dander.
The smell will probably leave with the owners furniture, bedding, and curtains.
by unclescrooge
Mon Jun 10, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18485

Re: Paying for rent is throwing away money...myth?

Another thing people don't realize is that rent is negotiable (to an extent.) Again, depends on location, but if there's a place that's been advertised for 6+ months, chances are you can talk the landlord down in price. Where is this mythical place where a rental will be on the market for 6+ months...
by unclescrooge
Mon Jun 10, 2019 4:36 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 17502

Re: Are You Dumping Netflix?

We dumped it when we got Hulu for a $1/mo. Will probably buy back in when that promo runs out and we've finished Community. Community is fantastic. I watched an episode on a plane. Which was basically an Advanced Dungeons and Dragons game. I was laughing out loud in recognition. A much underrated s...
by unclescrooge
Mon Jun 10, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6456

Re: Anything you wish you had spent money on when you were younger?

Regret not taking the story abroad semester during my MBA program. Instead I graduated early and found there weren't any jobs for me (early 2010) :oops: Wasted that time looking for non-existent jobs and preparing for chat CFA level 1 (which I failed by a smidgen). But I did audit a class on behavio...
by unclescrooge
Mon Jun 10, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18485

Re: Paying for rent is throwing away money...myth?

Again, I do get it that it's extremely variable, but there must be some rule of thumb. I'm guessing that the number is something like 5%. A $300,000 house would require $15,000 per year, ON AVERAGE, in repairs and maintenance. Just my guess. I use 5% per year maintenance factor on my new constructi...
by unclescrooge
Sun Jun 09, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18485

Re: Paying for rent is throwing away money...myth?

My parents bought their forever house in 1958. They paid 20K for the house they built and the land cost was 5K (5 acres). The adjacent 5 acre lot was for sale but my dad thought $1K an acre was too much and didn't buy it. When my mom past away in 2007 I sold their home for 2 million. This was in Gr...
by unclescrooge
Sun Jun 09, 2019 10:48 pm
Forum: Personal Investments
Topic: Deep out of Money Puts and LEAP Puts- What am I overlooking?
Replies: 29
Views: 2332

Re: Deep out of Money Puts and LEAP Puts- What am I overlooking?

- Similar to a part of Nassim Taleb's portfolio but different because the rest of my portfolio I am invested in a reasonable equity/bond indexed portfolio (vs his which is ultra safe instruments like long term treasury bonds You lottery ticket philosophy doesn’t jive with the above. If you ‘hit the...
by unclescrooge
Sun Jun 09, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 17502

Re: Are You Dumping Netflix?

So what do you pay for these DVDs? Even if it’s $5 or $10 a season, that will end up costing more than nextflix. Plus, you’ll have a room full of dvds you never watch again. I want less, not more, stuff. JT I don't pay a dime, because as I said (and you clearly didn't read), my library loans them o...
by unclescrooge
Sun Jun 09, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18485

Re: Paying for rent is throwing away money...myth?

Another way to think of it........If you have a mortgage, you are renting the money. So you are still renting something. +1 Unless you live in California, which I think will become like Asia and extremely expensive compared to incomes, you don't need to hedge your living expenses by buying a house.
by unclescrooge
Sun Jun 09, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Refinance immediately after new home purchase?
Replies: 24
Views: 1969

Re: Refinance immediately after new home purchase?

We closed on our new home April 5th 2019. Got a 30 year mortgage at 4.75%. Today’s rates according to Quicken Loans are 3.5% for 15yr and 3.99% for 30yr. Might it make sense for us to refinance even though we just purchased a few months ago? What do I need to consider in order to evaluate this deci...
by unclescrooge
Fri Jun 07, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: ReFi home to get 3.5% interest rate?
Replies: 31
Views: 3048

Re: ReFi home to get 3.5% interest rate?

Goal33 wrote:
Fri Jun 07, 2019 9:28 pm
State tax on a refi?
Some states like Pennsylvania charge a tax on refinance of mortgage, it so I've heard.
by unclescrooge
Fri Jun 07, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article on avoiding home country bias
Replies: 8
Views: 623

Morningstar article on avoiding home country bias

As if we needed more data on the benefits of global diversification, here's a good data-driven article from Morningstar: https://www.morningstar.com/articles/932399/investors-have-fewer-reasons-than-ever-for-home-bi.html Here's the summary: 1) U.S. stocks and foreign stocks have not and will not eve...
by unclescrooge
Fri Jun 07, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Protecting wood cabinet doors
Replies: 9
Views: 927

Re: Protecting wood cabinet doors

This is timely post. Our kids bathroom cabinet has already started to suffer water damage under the sink in 18 months of use. It came finished with in a white paint. Right under the sink, there's a decorative piece of cabinetry (looks like a dummy drawer) and the paint on the top is starting to sepa...