Search found 1514 matches

by Rainier
Sun Jun 21, 2020 5:44 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 469
Views: 41730

Re: JPM Chase Reserve Card gets more expensive

When did the Sapphire Reserve card get these new perks? 5% at grocery stores, ability to pay yourself back for certain purchases at 1.5x, $300 credit on new categories? I just stumbled onto it, but never got any emails (maybe I did and just didn't notice). A month or so ago I was in the cash out at ...
by Rainier
Sun May 31, 2020 4:48 am
Forum: Personal Investments
Topic: How do you keep track your investments?
Replies: 50
Views: 3571

Re: How do you keep track your investments?

softwaregeek wrote:
Sun May 31, 2020 12:09 am
Fidelity, Schwab and Merrill Edge all have account aggregation views. Fidelity’s is pretty good, try that. But Schwab is the pick, although probably not worth adding a third account.
Fidelity seems to be totally broken. Having problems with my manual accounts.
by Rainier
Sat May 30, 2020 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Airline refusing to issue refunds
Replies: 167
Views: 15235

Re: Airline refusing to issue refunds

Booked a trip to Italy in late 2019 for travel in August 2020 using Delta miles for a running race. The race was cancelled so I went on the Delta website and got an instant refund of my miles and the cash portion (taxes, fees, etc). It was super easy. Based on this thread it reminds me to avoid thes...
by Rainier
Sat May 30, 2020 5:00 am
Forum: Personal Finance (Not Investing)
Topic: COVID related charitable contributions
Replies: 6
Views: 330

Re: COVID related charitable contributions

You can donate to the WHO? Is that a qualified US charity? Sounds a bit like donating to the UN.

Just be wary of donating to foreign entities. You must donate to their US arm if you want a charitable deduction, many foreign charities will have a US presence for just this reason.
by Rainier
Wed May 27, 2020 5:49 am
Forum: Personal Consumer Issues
Topic: How can I use 6 weeks of vacation in the next 6 months in the Covid era?
Replies: 37
Views: 3406

Re: How can I use 6 weeks of vacation in the next 6 months in the Covid era?

I"m having the same issue and live in a much more boring area. There are plenty of places you can drive. If I lived in Sacramento I would be renting a house in the mountains and staying there for the duration....but I like the mountains. You can easily drive to the mountains, desert or coast. There ...
by Rainier
Sat May 23, 2020 5:49 am
Forum: Personal Consumer Issues
Topic: NJ property taxes too high. What are my alternative states?
Replies: 97
Views: 7904

Re: NJ property taxes too high. What are my alternative states?

Wife and I live in a colonial, 4BR, 2.5bath house in south Jersey. Property taxes are 8K yr. Want some downsizing but simply because of taxes. Our daughter, hubby and our 2 grandchildren (now teens) live within 4 miles- that's kind of a big anchor. We're very family oriented. Youngest daughter live...
by Rainier
Sat May 23, 2020 5:26 am
Forum: Personal Consumer Issues
Topic: Amazon Prime delayed shipping
Replies: 39
Views: 2901

Re: Amazon Prime delayed shipping

My guess is that Amazon will do something to compensate Prime customers. As others have said, if you find something better just use it (I generally have not). I find that everyplace I order from is somewhat delayed, and it is not all Amazon's fault. I talked to the UPS guy about a week ago and he sa...
by Rainier
Thu May 14, 2020 5:33 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 236
Views: 14539

Re: Coronavirus Flight Cancel Thread

Not sure if this needs a new thread or not, but I have two issues and now that airline bankruptcy chatter is finally growing (I called it two months ago) this could be important for everyone who has travel credits. First, I have about $1,000 in airline vouchers that expire next year. From an unsecur...
by Rainier
Wed May 13, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 11407

Re: Dentist charges $10 for PPE

That’s ridiculous. I’d go buy a 50 cent surgical mask and 10 cent nitrile gloves and give them to the dental office and demand a refund. $10 is just absurd. Totally disagree. Since the patient is lying there with their mouth wide open the dentist needs more than a surgical mask. For the 957th time,...
by Rainier
Sun May 10, 2020 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Kids Sports Turned Into Donation
Replies: 7
Views: 1444

Re: Kids Sports Turned Into Donation

The whole question might be a moot point...just because the organization is a non-profit, doesn't make it a Qualified organization for the purpose of receiving a charitable contribution. You could simply ask the organization whether they are a Qualified organization, or refer to the IRS document (h...
by Rainier
Sat May 09, 2020 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Kids Sports Turned Into Donation
Replies: 7
Views: 1444

Kids Sports Turned Into Donation

Obviously all of the my children's spring sports have been cancelled and we are generally getting most of our money back. If the sports league is run by a non-profit can I take the amount not returned as a charitable deduction? My child has received nothing in value in exchange for the payment. Most...
by Rainier
Thu May 07, 2020 7:59 am
Forum: Personal Consumer Issues
Topic: Amazon Prime Membership Question [Considering to drop membership]
Replies: 136
Views: 9606

Re: Amazon Prime Membership Question

I accept some shipping delays, especially from third party sellers as global supply chains are truly a disaster. And of course warehouses may be short staffed or temporarily closed for cleaning (same as everyone else in the supply chain). What I worry about is that 1-2 day Amazon Prime delivery will...
by Rainier
Sat May 02, 2020 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Closing On A House Sale During A Pandemic
Replies: 22
Views: 2930

Re: Closing On A House Sale During A Pandemic

Update: Closed! We pushed up closing on our sale to 4/30 and my wife signed all the papers (not many for a sale) from home in a zoom meeting with our attorney. We then dropped off the papers at his office a few hours later. Yesterday we signed the mortgage documents the same way (zoom meeting with ...
by Rainier
Wed Apr 29, 2020 5:34 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3826

Re: PPP Loan ethics

It's your call. I've seen well capitalized law firms, doctors offices, and financial advisory firms apply. They may be audited and subject to criminal penalties, especially if their business continued without interruption. Remember, it is called Paycheck Protection Program...not Profit Protection P...
by Rainier
Sun Apr 26, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: File tax return electronically
Replies: 64
Views: 2584

Re: File tax return electronically

I use T-Tax Deluxe so I e-file federal, but refuse to pay their exorbitant fees for state filing so I just use snail mail. I could care less how long the return sits in a mail bag unopened (as I usually don't have much of a refund coming, so I roll it over until next year). *Couldn't care less. I u...
by Rainier
Sat Apr 25, 2020 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13022

Re: Moving out of NYC due to pandemic

Have you read how the original SARS virus spread through apartments in Hong Kong? And that says nothing of crowded subways and trains. Leaving NYC is going to be a popular thing for awhile until real estate prices adjust to the reduced demand. Meanwhile, I live 45 minutes outside NYC and starter hom...
by Rainier
Sat Apr 25, 2020 5:40 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 471
Views: 41858

Re: College in fall

The college tuition bubble is literally imploding before our eyes...who had global pandemic on their list of potential ways it might burst?

If you have a child starting school in the fall or returning for their second year evidence is mounting that you have leverage over what you pay.
by Rainier
Thu Apr 23, 2020 4:47 pm
Forum: Investing - Theory, News & General
Topic: USO, the snake oil is changing its ingredients
Replies: 20
Views: 1868

Re: USO, the snake oil is changing its ingredients

EdNorton wrote:
Thu Apr 23, 2020 4:43 pm
Bot USO yesterday @ $2.57, sold today @ $2.82, nice 10% gain. :sharebeer
Too bad oil was up much more.

They have changed their ingredients so much they can now buy oil stocks like XOM of they want to.
by Rainier
Thu Apr 23, 2020 7:52 am
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6620

Re: How to "invest" in oil?

Update: USO can now invest in anything oil related if need be. Will do a 1 for 8 reverse split by the end of the month.
by Rainier
Thu Apr 23, 2020 7:50 am
Forum: Investing - Theory, News & General
Topic: Does anybody buy and sell USO ?
Replies: 31
Views: 4088

Re: Does anybody buy and sell USO ?

USO can no longer issue new shares and is trading well above its underlying NAV. The ETN "OIL" is even worse. It will be redeemed at the end of the month at the NAV at the close today...yet it is trading significantly above NAV. The clueless investors buying these have no idea what they are buying. ...
by Rainier
Tue Apr 21, 2020 3:35 pm
Forum: Personal Investments
Topic: Qualified Settlement Check Received for JP Morgan 401k Litigation
Replies: 4
Views: 361

Re: Qualified Settlement Check Received for JP Morgan 401k Litigation

For $545 total none of this is worth worrying about.

Pay the tax. If there is a penalty (probably not), pay that too. It doesn't go on your criminal record or anything if you pay the 10% penalty, the IRS doesn't look at your any different.
by Rainier
Tue Apr 21, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6620

Re: How to "invest" in oil?

If you liked USO for $4 yesterday you are going to love it under $3 today. While the May contracts waited until the last day to crash I suspect the June contracts will collapse much sooner. Nobody wants to be holding the bag if they go below zero as well. Imagine holding a long position that has in...
by Rainier
Tue Apr 21, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8258

Re: [Oil futures price plummets, Bogleheads react]

USO - UNITED STATES OIL FUND LP ETF has suspended creations. I'll let y'all fight for the remaining shares. :happy Dumb money continues to flow in driving up the price of USO as it disconnects from the value of its holdings. No way to create new units to equalize the imbalance.. Financial weapons o...
by Rainier
Tue Apr 21, 2020 9:05 am
Forum: Personal Investments
Topic: Did I Royally [mess up] spending $450 on USO today? Bought at $3.84 a piece
Replies: 38
Views: 5049

Re: Did I Royally [mess up] spending $450 on USO today? Bought at $3.84 a piece

Don't forget...if you bought this in a taxable account you will get a K-1. If you had a simple tax return it just got way more complicated if you aren't a tax person...enjoy.
by Rainier
Tue Apr 21, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8258

Re: [Oil futures price plummets, Bogleheads react]

USO - UNITED STATES OIL FUND LP ETF has suspended creations. I'll let y'all fight for the remaining shares. :happy Dumb money continues to flow in driving up the price of USO as it disconnects from the value of its holdings. No way to create new units to equalize the imbalance.. Financial weapons o...
by Rainier
Tue Apr 21, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8258

Re: [Oil futures price plummets, Bogleheads react]

UCO +2200% Not even close. They did a reverse split. Will open down 20%+ after taking into account a reverse split. USO will not issue any more creation units, which means they are likely liquidating as they try to unwind their June contracts before those go negative. Edit: when you own 33% of the ...
by Rainier
Tue Apr 21, 2020 8:08 am
Forum: Investing - Theory, News & General
Topic: [Oil futures price plummets, Bogleheads react]
Replies: 154
Views: 8258

Re: [Oil futures price plummets, Bogleheads react]

USO halted pending news....it is done.
by Rainier
Tue Apr 21, 2020 8:07 am
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7400

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

Oil for example is so integral to everything. And yes, it will run out one day. Yes, there is fracking and stuff, but it WILL RUN OUT. My prediction is that we will never run out of oil but demand for oil will tricke down to almost nothing because of other forms of cleaner energy. We left the Stone...
by Rainier
Tue Apr 21, 2020 5:49 am
Forum: Personal Investments
Topic: How can I "buy into oil" at these prices?
Replies: 57
Views: 5748

Re: How can I "buy into oil" at these prices?

Ah, so it's about storage. Well I would certainly store some in my basement...unfortunately, it's currently filled up with toilet paper and hand sanitizer. :P I’ll rent you my basement for $1/barrel/month until December 2024. I take payment in cash, toilet paper or hand sanitizer futures. Buy USO D...
by Rainier
Tue Apr 21, 2020 5:44 am
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8532

Re: Price of oil has collapsed; how will this impact the economy?

Dang, touched a low of $2.99. I kind of want to take physical delivery of 1000 barrels for $3k haha. Got a swimming pool? BTW, CME just confirmed that oil futures can go negative. Got a refinery? Crude oil is not going to be of much use to you. Coffee filters? I don't know anything about refining b...
by Rainier
Tue Apr 21, 2020 5:41 am
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6620

Re: How to "invest" in oil?

If you liked USO for $4 yesterday you are going to love it under $3 today. While the May contracts waited until the last day to crash I suspect the June contracts will collapse much sooner. Nobody wants to be holding the bag if they go below zero as well. Imagine holding a long position that has inf...
by Rainier
Mon Apr 20, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6620

Re: How to "invest" in oil?

USO and other oil ETFs/ETNs are on the fast track to blowing up. If you don't understand what you are buying when you "invest" in these then stay far away. They are only being held up because so much dumb money is flowing into them propping up next months contracts. USO now owns 33% of the June oil ...
by Rainier
Mon Apr 20, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8532

Re: Price of oil has collapsed; how will this impact the economy?

DonIce wrote:
Mon Apr 20, 2020 12:24 pm
Dang, touched a low of $2.99.

I kind of want to take physical delivery of 1000 barrels for $3k haha.
Got a swimming pool?

BTW, CME just confirmed that oil futures can go negative.
by Rainier
Mon Apr 20, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8532

Re: Price of oil has collapsed; how will this impact the economy?

At 4.66 now.. can easily go to zero based on movements today. This is truly something amazing to watch. I'm sure a lot of money will be made on this (and of course lost). Any good primers out there on how to conceptually look at these front month futures and what $0 would mean? When do May futures ...
by Rainier
Mon Apr 20, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Time to cash in Chase UR points?
Replies: 41
Views: 4073

Re: Time to cash in Chase UR points?

If you have UR worth 1.5 cents for travel I assume you have the Sapphire Reserve. I'm seriously considering cashing my points out at 1 cent and potentially dropping the Reserve card. My renewal is in early August and if the travel situation is not greatly improved at that time the card has no value ...
by Rainier
Sun Apr 19, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 471
Views: 41858

Re: College in fall

For those deferring college in the fall what will the students do? Traditionally you'd go travel the world, but that doesn't seem likely at this point.
by Rainier
Sun Apr 19, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: NY State Tax Return Status
Replies: 13
Views: 633

Re: NY State Tax Return Status

Don't wait, follow up. Remind them that they owe you interest on delayed refunds. Or, just keep collecting the interest.
by Rainier
Fri Apr 17, 2020 8:16 am
Forum: Personal Consumer Issues
Topic: Stimulus Charity?
Replies: 28
Views: 1664

Re: Stimulus Charity?

One more suggestion is local animal shelters. Many are seeing a surge in abandoned animals. I've heard far more stories about animal shelters being cleaned out by people adopting new pets.....nothing else to do but raise a new dog. Which is good. But yes, I'm sure the opposite is also happening. I'...
by Rainier
Thu Apr 16, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned
Replies: 102
Views: 7690

Re: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned

I highly suggest calling your federal representatives and ask who is getting these PPP loans. I have first hand knowledge some of these are going to businesses that have no need for them. Hedge funds, for example, with billionaire principals. We helped process one for a small company (not a hedge fu...
by Rainier
Wed Apr 15, 2020 5:57 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4754

Re: Airbnb getting hit?

I don't live in an AirBNB town, but we are about 45 minutes outside NYC. Houses are flying off the market here, either being purchased sight unseen or rented. We assume it is people fleeing NYC either as temporary rentals or permanent movers who finally made the decision to leave the city. I'm curi...
by Rainier
Tue Apr 14, 2020 12:24 pm
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4754

Re: Airbnb getting hit?

What else would he use? I assume all booking sites would have something like this or their customers would disappear. Also, AirBNB is not a third party.....they are THE party. It's their contract, their website, their customers. I don’t understand your post. Airbnb has a large number of competitors...
by Rainier
Tue Apr 14, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4754

Re: Airbnb getting hit?

I don’t do short term but a buddy of mine just pulled off all of his from Airbnb after the forced mandatory refund. He claims he is now looking for a different reservations site due to this policy. So I would say they might be losing some business permanently due to this. He had about a dozen renta...
by Rainier
Tue Apr 14, 2020 7:00 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4754

Re: Airbnb getting hit?

I don't live in an AirBNB town, but we are about 45 minutes outside NYC. Houses are flying off the market here, either being purchased sight unseen or rented. We assume it is people fleeing NYC either as temporary rentals or permanent movers who finally made the decision to leave the city.
by Rainier
Sun Apr 12, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 70
Views: 6230

Re: Cons of i bonds?

Since every state is now a federal disaster area I believe the 5 year rule for selling is gone. Not sure how long that lasts, but it could be waived for a long time.
by Rainier
Sat Apr 11, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA
Replies: 8
Views: 243

Re: Dependent Care FSA

It does not rollover.

Deposits don't count, you can't make the claim until after the services have been rendered.

I suggest stopping your FSA contributions immediately.

For money already in your FSA I suspect some legislation may help down the road. Or, get creative.
by Rainier
Fri Apr 10, 2020 7:00 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9742

Re: Cares Act Payroll Protection Program

That’s a big issue right now- one that is being scrutinized. Businesses that have no reason to apply are soaking up the money that can benefit the businesses that actually really need to help. We have speculated with other clients that all entities that participate in the PPP will be publicly discl...
by Rainier
Fri Apr 10, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 358
Views: 28631

Re: just got my $1200 stimulus payment

NotWhoYouThink wrote:
Fri Apr 10, 2020 5:37 pm
Spend it all at once!! Someone's business needs your money to stay afloat!
Not sure I'll do this, but I could afford to, any suggestions on how to efficiently do this?

Spread it out? Make somebody's day? Should it be new spending? Something I can benefit from as well as the recipient?
by Rainier
Fri Apr 10, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check question.
Replies: 28
Views: 2714

Re: Stimulus check question.

The calculator is wrong. No phaseout for kids' portion in the $150k-$198k range, fully phased out above $198k. Well, shoot. Our AGI for 2018 was $204k-ish and just a bit less in 19 (unfiled anyway). So the kids' portions don't phase out? They just go away? Every story I've seen says that's not how ...
by Rainier
Thu Apr 09, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check question.
Replies: 28
Views: 2714

Re: Stimulus check question.

You were looking at the full phase out number. I.e, if you make >198K, you get nothing. (if you are MFJ and have no dependent kids) Where did you get that information? Number of dependents do not matter for phase out rules. Sure it does. That's how the Washington Post stimulus calculator is doing i...
by Rainier
Thu Apr 09, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus check question.
Replies: 28
Views: 2714

Re: Stimulus check question.

If 2019 is lower AGI than 2018 do you get to use 2019 or is it the higher of the two years? I filed 2019 in early March and it was less than 2018.

Also, anybody receive the payment yet via direct deposit? I believe they were going to start today.