Search found 1242 matches

by Rainier
Thu May 11, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Are bank test deposits taxable?
Replies: 22
Views: 2778

Re: Are bank test deposits taxable?

Seriously, is this a joke?
by Rainier
Fri May 05, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6900

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by Rainier
Fri May 05, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 6900

Re: Buffett/IBM

JoMoney wrote:Did the reason you bought the stock change? Is the reason you bought it to try and ride Buffett's coat tails?
Read the OP....
by Rainier
Fri May 05, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in Vanguard's Wellesley Income fund for 10 years to buy car
Replies: 22
Views: 3638

Re: Investing in Vanguard's Wellesley Income fund for 10 years to buy car

Where are the real answers?

Who plans to buy a car 10 years out? Who sticks to that plan?

Retirement, yep. College savings, sure. A car? 10 years is a long time to think about a car.
by Rainier
Thu May 04, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Please poke holes in my tax strategy
Replies: 38
Views: 6302

Re: Please poke holes in my tax strategy

Sounds like what we do except for a couple of minor points: 1. We don't keep $4K in checking and 2. Our tax-advantaged accounts are not 100% fixed income, but have plenty of equities, too. Next week, I will have to sell some equities in my taxable account to pay a credit card bill. I just invested ...
by Rainier
Tue May 02, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Sell Investment to Pay Down HELOC
Replies: 6
Views: 642

Sell Investment to Pay Down HELOC

Revisiting a common topic and looking for some thoughts. HELOC - $56,000 at prime minus 25bps Taxable Investments - $80,000 with roughly $50k in LTCG, concentrated in 8 positions. Emergency Fund - None, paid down HELOC previously and used taxable investments as an EF If I keep my Berkshire Hathaway ...
by Rainier
Fri Mar 24, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 5098

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

Duh....the dealer ended up paying the sales tax, out of their pocket . You don't get a registration in my state unless the sales tax has been paid. I have a registration this point. A dealer based in CT can't just skip withholding CT sales tax, like if they could if it was sold to an out of state re...
by Rainier
Fri Mar 24, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 5098

Car Dealer Forgot to Charge Sales Tax - Ouch

Big ouch for the car dealer it turns out. Last weekend my wife was tasked with trading in our two cars for two new cars at the same dealer. She had no restrictions other than to get to a "net" purchase price after the trade-ins. She wanted to wrap everything up on Saturday but I was out of...
by Rainier
Sat Oct 22, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 36000

Re: Larry Swedroe's latest market returns forecast

Anyone who thinks valuation doesn't matter can buy my house. Price is $2m. 3 beds, 2.5 baths, great schools. Nothing else matters, cause you're never selling.
by Rainier
Sat Sep 17, 2016 5:08 am
Forum: Investing - Theory, News & General
Topic: Is Warren Buffett the ultimate free rider?
Replies: 23
Views: 4626

Re: Is Warren Buffett the ultimate free rider?

Shares were split long before 2010 when somebody attempted to form a sort of BRK mutual fund that would allow smaller investors to own a piece. I think that was 30 for 1. They split again in 2010 as part of the BNSF deal so he could pay with shares and not have so many fractional shares / cash outs....
by Rainier
Sun Sep 11, 2016 6:30 am
Forum: Personal Consumer Issues
Topic: Breaking the iPhone cycle - Any Macbook users with Android Phones?
Replies: 49
Views: 4992

Re: Breaking the iPhone cycle - Any Macbook users with Android Phones?

I'm breaking the cycle this year, but I am not going to Android. Google Fi and Nexus 5x were really tempting but I am going to stay with my iPhone 6 until the battery becomes unbearable then I will move the the 6s or if it lasts long enough the 7 (assuming the 7s is out). As of September 12th my fa...
by Rainier
Fri Sep 09, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: Breaking the iPhone cycle - Any Macbook users with Android Phones?
Replies: 49
Views: 4992

Re: Breaking the iPhone cycle - Any Macbook users with Android Phones?

I'm breaking the cycle this year, but I am not going to Android. Google Fi and Nexus 5x were really tempting but I am going to stay with my iPhone 6 until the battery becomes unbearable then I will move the the 6s or if it lasts long enough the 7 (assuming the 7s is out). As of September 12th my fam...
by Rainier
Fri Aug 26, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Schwab now offering low cost Target Date funds
Replies: 28
Views: 6098

Re: Schwab now offering low cost Target Date funds

Is the 13bps or 8bps on top of the ETF fees?
by Rainier
Fri Aug 26, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 8069

Re: Homeowners should consider flood insurance

I live on a hill in San Francisco. I don't worry about too much rain. I worry about getting enough rain! I thought the same thing, my house is nice and high. My house took on 31" of water last week, my elevation certificate says I am several feet over the 100 year flood plain. The water didn't...
by Rainier
Fri Aug 19, 2016 2:14 pm
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 945

Re: DIY Invisible Dog Fence

Thanks, I know the setup for the wired systems. It does seem easy to do. We did our driveway two years ago and I laid down some 1" conduit in anticipation of installing a fence so I don't need to cut the driveway. I actually just bought all the stuff to do my two wireless "rocks" to b...
by Rainier
Fri Aug 19, 2016 9:47 am
Forum: Personal Consumer Issues
Topic: DIY Invisible Dog Fence
Replies: 11
Views: 945

DIY Invisible Dog Fence

We have a fully fenced in yard...except for a 12' driveway opening. There is a gate across the opening but we would like to get to the point where we can let the dog out (to pee at night) without closing the gate every time. It is not a huge deal to close the gate, but it is our active driveway and ...
by Rainier
Fri Jul 22, 2016 5:39 am
Forum: Personal Consumer Issues
Topic: Cinque terre in September....
Replies: 18
Views: 1763

Re: Cinque terre in September....

I was there in mid September and the weather was great. Warm days, comfortable evenings.....Take me back.
by Rainier
Wed Jul 13, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: What if the fed never raises rates?
Replies: 23
Views: 3774

Re: What if the fed never raises rates?

The fed doesn't have to raise rates!

The market could stop buying bonds and rates will rise.

Stop thinking the fed is in control, the market rules, not the fed.

Just remember the market can remain irrational longer than you can stay solvent.
by Rainier
Wed Jul 13, 2016 8:50 pm
Forum: Personal Consumer Issues
Topic: Car totaled, no collision insurance
Replies: 78
Views: 10964

Re: Car totaled, no collision insurance

"I figured if the insurance company was making money, I was better off insuring myself." Not to be too hard on you, BusySnevi, but I don't think understand this way of thinking. What does the insurance company making money have to do with anything? They spread their risk over lots of poli...
by Rainier
Fri Jul 08, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: FUSEX daily return 7/8
Replies: 5
Views: 440

Re: FUSEX daily return 7/8

Ex dividend date?
by Rainier
Fri Jul 08, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to give money to people and get a tax deduction?
Replies: 12
Views: 1474

Re: How to give money to people and get a tax deduction?

You can't give money to individuals and get a tax deduction....those are called gifts.

You can give to a charity that helps people and get a deduction.

How large is your estate? if over $10m then giving away tax free gifts is like getting a deduction as you avoid estate taxes when you die.
by Rainier
Fri Jul 08, 2016 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 1721

Re: Selling municipal bonds before maturity

I would hold them, the coupons are likely far above the market rate.

Very likely you will get a poor price if you sell them.
by Rainier
Fri Jul 08, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: International Stock has hurt me
Replies: 15
Views: 2943

Re: International Stock has hurt me

International is the only place to find any value these days. I'm buying more.
by Rainier
Mon Jul 04, 2016 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Reducing cash reserves and restructuring emergency funds
Replies: 10
Views: 1734

Re: Reducing cash reserves and restructuring emergency funds

You could go from 1 bps to 100 bps just by moving the cash from checking/vg money market to a high yield savings account.

At the very least, why not do that?
by Rainier
Mon Jul 04, 2016 6:31 am
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 109
Views: 17979

Re: TDBank promo just started easy $600

My wife and I had an account there many years ago under joint name. I wonder if we can do this individually.
by Rainier
Mon Jul 04, 2016 6:29 am
Forum: Personal Consumer Issues
Topic: Anyone fly drones?
Replies: 10
Views: 1333

Re: Anyone fly drones?

I have a Yuneec Q500+. I bought a couple cheaper ones first to learn how to fly (a $35 one and a $95 one). The Yuneec is obviously much easier to fly being gps controlled and gyroscopically stabilized. The cheaper ones don't need to be registered as they are well under the FAA weight limit (obviousl...
by Rainier
Thu Jun 30, 2016 7:00 pm
Forum: Investing - Theory, News & General
Topic: Equities = musical chairs?
Replies: 93
Views: 5293

Re: Equities = musical chairs?

It is not pessimism, sounds more like ignorance, particularly in math and business. A total misunderstanding of what stocks actually are.

If the market presented an opportunity to buy all of Apple's stock for $1,000 wouldn't that be a good deal?
by Rainier
Thu Jun 30, 2016 6:44 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 4699

Re: Favorite ski resort

Nonstop flight to SLC. Airport rarely has winter weather issues. 35 minute drive to Park City. No altitude issues, easy for everyone and consistently good snow.
by Rainier
Wed Jun 29, 2016 8:21 pm
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 4699

Re: Favorite ski resort

Where is the OP? honestly, this is a loaded question,like what is the best beer. Bridget Bowl? Hardly a resort, great skiing,but not a resort. Poconos? Comparing skiing in the west to the poconos is criminal. Keystone? Really? It's like Vermont skiing in CO What are you looking for? Deep snow? Chall...
by Rainier
Fri Jun 24, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3605

Re: Credit card transaction treated as a cash advance

So some people pay this in person and others pay through their airline ticket? How does the passport control agent know?
by Rainier
Fri Jun 24, 2016 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3605

Re: Credit card transaction treated as a cash advance

Like you, I am astonished this would be a cash advance, and I would also be upset. Under what possible logic would this be a cash advance? Cash advances are for charging cash equivalents like money orders. I don't get this at all. Try complaining to your state attorney general's office of consumer ...
by Rainier
Fri Jun 24, 2016 4:45 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 12950

Re: International stocks in free fall

munemaker wrote:Ignore the noise.


Are you suggesting that buying at inflated prices is better?

Do you insist on paying full price for goods or do you prefer sales?
by Rainier
Fri Jun 24, 2016 4:43 am
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 4395

Re: don't deal in GBP pound sterling today (June 23 2016)

Valuethinker, I frequently hear that trade will be disrupted as a result of Brexit. Is there any reason the UK can't continue to trade with the rest of the EU and others, even in the absence of formal trade agreements? Can't they just trade? The EU required free migration. What restrictions are the...
by Rainier
Fri Jun 24, 2016 4:36 am
Forum: Personal Finance (Not Investing)
Topic: Credit card transaction treated as a cash advance
Replies: 20
Views: 3605

Re: Credit card transaction treated as a cash advance

You are going to give up credit cards for maybe $12 in fees and interest because you didn't read about the departure tax? First, has nothing to do with your particular card. Second, go complain to the Costan Rican government for your $12 back, report back on how that goes please. Third, next time yo...
by Rainier
Fri Jun 24, 2016 4:27 am
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 4395

Re: don't deal in GBP pound sterling today (June 23 2016)

Great day to be on vacation in London for an American.

Horrible day to be on vacation in New York for a Briton.
by Rainier
Fri Jun 24, 2016 4:04 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 12950

Re: International stocks in free fall

denovo wrote:Stocks are on sale!


Today maybe, but for the week most are flat
by Rainier
Sun May 15, 2016 5:47 pm
Forum: Investing - Theory, News & General
Topic: "Can Anything Stop Vanguard?"
Replies: 50
Views: 8713

Re: "Can Anything Stop Vanguard?"

Nothing can stop vanguard!

The Titanic is unsinkable!

Housing never goes down!
by Rainier
Sun May 15, 2016 5:38 pm
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 69
Views: 13038

Re: I Bond rates for May 1 announced

Mel Lindauer said: Many folks also worry about how their heirs will be able to deal with TD. Why is that people worry about how heirs will be able to deal with TD? What's the issue? Many investors have spouses and offspring who are not into investing; consequently, they would not be familiar with t...
by Rainier
Thu May 12, 2016 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Should I hold on to my Apple stock?
Replies: 76
Views: 9521

Re: Should I hold on to my Apple stock?

How soon until Google becomes the largest portion of VTI?
by Rainier
Thu May 12, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 4535

Re: selling classic car - tax?

I seriously doubt your sale will exceed the cost of storing and improving this investment.

The purchaser will not be sending you a1099-b
by Rainier
Mon May 09, 2016 11:49 am
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5180

Re: 4 Days in Iceland - May 2016

Would I get any deals by bringing USD and using to pay at small B&Bs or farm-stays? Wouldn't they rather have USD in cash versus ISK in their bank accounts? Even if they did, would the discount be big enough to matter? Risks on my end are low, other than physically losing it. If they don't take ...
by Rainier
Sun May 08, 2016 6:32 pm
Forum: Personal Consumer Issues
Topic: Email Hacked
Replies: 38
Views: 4976

Re: Email Hacked

Honestly this isn't a hack. The password was likely just given to the scammers.
by Rainier
Sun May 08, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Email Hacked
Replies: 38
Views: 4976

Re: Email Hacked

Likely a phishing scam. Probably spoofing the email now. Looks like your address but the return address is actually different. Our client got hacked and the hacker (her) asked to send her friend a wire. She was traveling, someone died, etc etc. we didn't fall for it. She changed her password but a f...
by Rainier
Sat May 07, 2016 4:45 am
Forum: Personal Finance (Not Investing)
Topic: Subscription increase thwarted; resistance is not futile
Replies: 10
Views: 1649

Re: Subscription increase thwarted; resistance is not futile

80 years ago there must have been at least 10 ice delivery companies in my small town. Now, none.

Our free paper tried charging, epic fail. It is now showing up in our mailbox again. Newspaper were really meant to be free, you are basically just paying for delivery.
by Rainier
Fri May 06, 2016 1:51 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 19550

Re: how much cash do you carry in your wallet?

I stopped carrying a wallet. I carry only a drivers license and a credit card around nowadays. How long can you go without spending any cash? For me, practically indefinitely. Average cash balance in my wallet is just about $0. Going to Iceland in a few weeks with the intention of not taking out an...
by Rainier
Tue May 03, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5180

Re: 4 Days in Iceland - May 2016

Thanks all, not going for a couple weeks but I will give a trip report.

I'm gonna risk it on the cash,might bring some euro coins I have.
by Rainier
Tue May 03, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: I Bond rates for May 1 announced
Replies: 69
Views: 13038

Re: I Bond rates for May 1 announced

Why is the Treasury keeping the fixed rate so low? It seems if they want people to save money in these bonds, they would make the return more attractive. Who wants to buy I bonds at these rates? Doesn't the treasury want to sell these? I will keep track of savings bonds sales this year and see if t...
by Rainier
Sun May 01, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: No tax advantaged accounts - all muni bonds?
Replies: 12
Views: 1539

Re: No tax advantaged accounts - all muni bonds?

I'd diversify. CDs and treasuries.

Timely post. Hope she doesn't own PR munis still.
by Rainier
Sun May 01, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5180

Re: 4 Days in Iceland - May 2016

Thanks. My wife still thinks we are going to Florida. When it comes time to pack I'll tell her we are going to a ranch high in Colorado. Figured similar weather for the end of May.
by Rainier
Sun May 01, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5180

Re: 4 Days in Iceland - May 2016

D day is approaching.

Just to confirm, should I even bother taking out cash at an ATM? I'd rather not.

Also, do you tip in Iceland?