Search found 629 matches

by crowd79
Tue Jun 23, 2015 5:52 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 157
Views: 42529

Re: When saving money becomes an irrational obsession

to each his own.. it doesn't make sense to me to have millions of dollars in investments, but drive an old camry or a fit. But it makes sense to some.. can't figure that out The Fit is pretty sweet though. If I had millions of dollars I would probably trade in my old one for a new one. It really speaks to the fact that people should be willing to skimp and save on things that don't bring them joy. For many, like myself, the key to avoiding undue lifestyle inflation is trying to figure out what would bring joy and what would just add stress. Our #2 car was hit and totaled (without us in it, thankfully), so we're living with 1 for a while (a 15 year old Civic). One of the cars we're thinking about getting is a new Fit. Not because it's the n...
by crowd79
Tue Jun 09, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Offered Cancer Insurance at work, worth it?
Replies: 34
Views: 5012

Offered Cancer Insurance at work, worth it?

We had our semi-annual insurance meetings at work today and we were offered a new Group Cancer Insurance policy through AllState. It would be a weekly paycheck deduction of $4.98 per week and basically it would be reduced further every Autumn with a $100 "wellness" check from AllState for doing our yearly Health Risk Assessment through our employer which determines my following year's health insurance rate, something I already do anyways. Doing the math (minus the $100) it would be $160 per year total. I'm a relatively healthy 36 year old male with moderately high cholesterol. An initial diagnosis of Cancer would pay me $5,000 one time if I happen to have any kind of cancer (except Skin). Some of the other benefits include: A wide...
by crowd79
Tue May 19, 2015 4:26 pm
Forum: Personal Consumer Issues
Topic: South Bend to Chicago to Milwaukee
Replies: 18
Views: 2875

Re: South Bend to Chicago to Milwaukee

Traveller wrote:Oh yeah - stop at the Mars Cheese Castle on your way north to Milwaukee. Fried cheese curds... You can actually feel your arteries clogging...

Apple Holler Farm/Restaurant the next exit north of Mars Cheese Castle.
by crowd79
Tue May 19, 2015 4:22 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 35
Views: 4133

Re: Trip Insurance

It seems to me that there is quite a difference between trip cancellation insurance (you can't go on the trip because you or your spouse are ill at home) and insurance which covers medical evacuation and medical care abroad where your regular medical insurance may not cover you. I'm quite happy to go without trip cancellation insurance, because the potential loss is relatively small and known ahead of time. I'd be much more likely to buy insurance for medical care or evacuation abroad, because the potential loss is could be much larger and hard to anticipate. That's what insurance is for, I always thought. Agree 100%. Trip cancellation and interruption is a waste but Travel Medical is not since my at-work health insurance would not cover m...
by crowd79
Tue May 19, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: new i-bond rate?
Replies: 28
Views: 7459

Re: new i-bond rate?

... I-Bonds I purchased last year in May are already earning nothing 0.00%. Does this make sense? So I would be best cashing these out in early August, correct? For an I Bond bought May 2014 the composite rate for the six months beginning May 2015 is indeed 0.00% . If you were going to redeem, August would be the best time because the three months of interest you'd forfeit (May, June, & July) would be $0. (See this post above .) However, unless you need the money, I don't recommend you do so. At the current low level of interest rates, it's better to hold on to them, even with their low 0.1% fixed rate. ... I can always repurchase at the end of November if rates go back higher and start earning that period's interest rate right away (N...
by crowd79
Tue May 19, 2015 3:57 pm
Forum: Personal Consumer Issues
Topic: Trip Insurance
Replies: 35
Views: 4133

Re: Trip Insurance

I've always taken out Travel Insurance primarily for medical evacuation when traveling to far away places in developing countries such as Cambodia, Vietnam and Thailand where urgent care could be far, far away. It's a small price to pay for for peace of mind. I spent $70 for coverage on my recent 1 month S'East Asia trip. It's pretty bold of people not to take out any kind of coverage for faraway destinations. Way too big of a risk and pretty stupid if you ask me.
by crowd79
Sun May 17, 2015 10:18 am
Forum: Investing - Theory, News & General
Topic: new i-bond rate?
Replies: 28
Views: 7459

Re: new i-bond rate?

I just checked my bond holdings at TD. I-Bonds I purchased last year in May are already earning nothing 0.00%. Does this make sense? So I would be best cashing these out in early August, correct? No, I think that's just because inflation is negative for the time being. Wait another six months to see what inflation does. My guess is that it will be positive and you will be earning interest again. I'm definitely not cashing out my bonds. Yes, but I can always repurchase at the end of November if rates go back higher and start earning that period's interest rate right away (Nov-April '16). If anything I can cash out in early August and put it in a savings account and at least earn some interest until the end of November. I haven't bought any ...
by crowd79
Sun May 17, 2015 9:55 am
Forum: Investing - Theory, News & General
Topic: new i-bond rate?
Replies: 28
Views: 7459

Re: new i-bond rate?

I just checked my bond holdings at TD. I-Bonds I purchased last year in May are already earning nothing 0.00%. Does this make sense? So I would be best cashing these out in early August, correct?
by crowd79
Sun Sep 28, 2014 7:52 pm
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 27
Views: 16806

Re: Chase Ultimate Rewards Program

tibbitts wrote:
crowd79 wrote:Transferred 80,000 UR points to United and bought a r/t economy ticket to Southeast Asia from Chicago for 80k miles + $75 in taxes. If I would have paid cash this flight would have costed well over $2,500. Saved quite a bit of money.
Somebody would have had to pay me $2500 to get me to fly from chicago to southeast asia in economy class.
Why? Not everyone wants to blow their hard earned miles on first or business class. I'd rather save my extra miles for other trips down the road. Main point is getting from point A to point B for me :wink:
by crowd79
Sun Sep 28, 2014 7:22 pm
Forum: Personal Consumer Issues
Topic: Obese airline passenger
Replies: 62
Views: 9035

Re: Obese airline passenger

This is a thread that belongs in the FlyerTalk forums :)
by crowd79
Sun Sep 28, 2014 7:20 pm
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 27
Views: 16806

Re: Chase Ultimate Rewards Program

Transferred 80,000 UR points to United and bought a r/t economy ticket to Southeast Asia from Chicago for 80k miles + $75 in taxes. If I would have paid cash this flight would have costed well over $2,500. Saved quite a bit of money.
by crowd79
Tue Sep 16, 2014 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: I/EE Bonds Nov Rates and 2015 401K Limits?
Replies: 30
Views: 6066

How are future I-Bond rates looking?

Does anyone know what the current CPI-U information is at this time and how are I-Bond rates looking for this fall? Trying to decide if I should wait to buy some I-Bonds or take advantage of higher rate 5 Yr CD's right now with some cash I have on the side. Thanks
by crowd79
Tue Sep 16, 2014 9:20 pm
Forum: Personal Consumer Issues
Topic: Trip to Greece
Replies: 10
Views: 1323

Re: Trip to Greece

Went to Greece in 2009. Absolutely loved Athens and Santorini Island. Hospitality, especially at the quaint Villa I stayed at on Santorini was second to none. Such friendly people, too. Definitely want to go back sooner rather than later..
by crowd79
Tue Sep 16, 2014 9:16 pm
Forum: Personal Consumer Issues
Topic: Tour travelling by bus
Replies: 36
Views: 4028

Re: Tour travelling by bus

Are there people out there who have enjoyed taking tours by bus? We live in a small town and a tour bus stopped for gas and the people getting out talked about all the fun they were having. They were from Wisc. and had been to New Bedford and the next stop was West Point. Apparently the bus has WIFI, etc.; stops regularly and has no relationship to the Greyhound buses I grew up with. I know nothing about this mode of travel but it sounds interesting. This is the company they went with.... http://www.lamerstour.com/?page_id=100 http://www.lamerstour.com/user_documents/website%20fall%20flyer%20canadian%20rockies%20090114%20koryn.pdf Did a bus tour just this past winter through Costa Rica for two weeks. Also Europe a few years ago. Both were ...
by crowd79
Tue Sep 16, 2014 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 17578

Re: Any success stories of ppl who never made >$50,000?

Very modest income here, but I enjoy a stress-free job in one of the lowest-cost of living cities in the country with tons of recreation, beauty, etc just a few minutes from my house. The key is I keep my expenses extremely low, rent a house (no stress of homeownership..housing is shelter, NOT an asset), have no debt, and enjoy the simpler things in life, i.e., camping, kayaking, going to the library, jogging, basketball with the guys, workout at gym, etc. I have a healthy-sized retirement account for my income level, saving 30% of my income. Hope to retire in my mid 50's. The one area I do splurge on is I take extravagant vacations every year around the world. I invest in experiences rather than "stuff", so I guess that sort of m...
by crowd79
Sun Sep 14, 2014 8:04 am
Forum: Personal Investments
Topic: New to investing - Timing Questions
Replies: 8
Views: 1475

Re: New to investing - Timing Questions

Actually I don't even mind when the market falls for a while, and then comes back. It just means I'm getting more bang for my buck when dollar cost averaging into a falling market. I'll actually be better off in the long run when the market recovers.
by crowd79
Sat Aug 30, 2014 8:38 am
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 6964

Re: Should I fix a "totaled" car

If the car was hail damaged, I'd say definite yes (assuming you could live with the dents), otherwise NO. I would not take the risk to repair this car. Good luck with whatever you decide.
by crowd79
Sat Aug 30, 2014 6:02 am
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 240
Views: 594833

Re: New 2% cash back Mastercard from Citi

2% cashback on all purchases without an annual fee sounds great, but I'll wait to see if they come out with a sign-up bonus of $100-$200 or something. Not worth the hard credit pull as I already have several other cards that pay higher in certain categories anyways...
by crowd79
Fri Aug 22, 2014 7:52 pm
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 11151

Re: Do you tip on the tax? [Restaurants]

Tip 5-10% on the bill minus tax.
by crowd79
Fri Aug 22, 2014 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: discover card rewards points
Replies: 46
Views: 16121

Re: discover card rewards points

I cash out my points for Under Armour gift cards, usually get $50 value for only $40 worth of points.
by crowd79
Fri Aug 22, 2014 7:47 pm
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 4151

Re: Why do we tip restaurant servers?

I was never tipped when I washed dishes in a restaurant and rarely tipped when I bagged groceries in my college and high school days, yet I am expected to shell out 20% for tips nowadays. 5-10% is what I'd consider fair and the person has to "really" work for it, meaning they go above and beyond to get 10% out of me.
by crowd79
Tue Aug 19, 2014 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 11167

Re: POLL: Age for Collecting Social Security Benefits

What's the point of waiting until 70 to collect a larger benefit when you may not live that late. I'd rather take my own money back from the government sooner rather than later...
by crowd79
Tue Aug 19, 2014 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 123
Views: 86264

Re: Hw many credit cards to own?

16 cards as I currently churn cards for huge sign-up bonuses (rewards, miles, etc) and then close them the following year to avoid the annual fee.
by crowd79
Sat Aug 09, 2014 10:09 pm
Forum: Personal Consumer Issues
Topic: Tropical vacation next winter with infant-where?
Replies: 40
Views: 4506

Re: Tropical vacation next winter with infant-where?

Rainier wrote:At a minimum shorten the flight and reduce time zone changes as much as possible.

There are plenty of exotic places to go that are closer than Southeast Asia.
Agreed. I'd shoot for Costa Rica. Lots to see and do. Friendly people, too. Pura Vida.

I've been throughout S'East Asia (Thailand, Malaysia, Borneo, Hong Kong) and Costa Rica is no less exotic. Stay close to home, especially with a first-time baby traveller.
by crowd79
Thu Aug 07, 2014 7:55 pm
Forum: Investing - Theory, News & General
Topic: Public not saving for retirement
Replies: 24
Views: 4460

Re: Public not saving for retirement

People can also retire to places abroad such as Thailand or Vietnam and not have to pay an arm and a leg for housing, food and insurance. Anywhere else is cheaper than the U.S. (except maybe Europe)
by crowd79
Wed Aug 06, 2014 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 5217

Re: Marriage: Is it tax-friendly?

Costs for a single person are higher than a married couple. Single person pays for a whole house, rent, etc on one income. Two people can split it. Marriage penalty is justified IMO.
by crowd79
Sun Jul 27, 2014 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Stop Extra Payment Toward Mortgage?
Replies: 31
Views: 3373

Re: Stop Extra Payment Toward Mortgage?

3.25% is a low interest rate for a loan. I don't understand why people pay off low-rate loans faster than they have to. I'd take the extra payments and sock it into investments. There's a good chance your investments make better than 3.25% over the long haul.
by crowd79
Wed Jul 23, 2014 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: why it pays to make purchases with a credit card
Replies: 15
Views: 4745

Re: why it pays to make purchases with a credit card

I used my Chase Sapphire Preferred card on a recent trip to Costa Rica. I reviewed all my purchases after the trip online and noticed I was overcharged at a local mom & pop convenience store in Manuel Antonio. I knew I had just bought a snack and beer for $4.32 but the charge showed up as $43.20 on my statement. Called Chase and disputed the transaction. No problems whatsoever getting it resolved.
by crowd79
Wed Jul 23, 2014 7:31 pm
Forum: Investing - Theory, News & General
Topic: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000?
Replies: 33
Views: 4625

Re: Poll: Which Happens First - DOW > 20,000 or DOW < 14,000

Don't care where it goes next in the short term. As long as it's way higher than now 25 years from now I'll be fine
by crowd79
Wed Jul 09, 2014 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Advice for how to fund my wedding
Replies: 54
Views: 4961

Re: Advice for how to fund my wedding

Even though I don't like timing the market, I think now is a good time to sell if you have a short-term goal such as yours. If this money were strictly for retirement several decades down the road, I'd say don't sell. But short term, we're at record highs as the economy continues to be pumped up by the Feds and "real" unemployment is at it's highest ever. I don't see the market going much higher, if at all, in the short term.
by crowd79
Tue Jul 08, 2014 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 3317

Re: Dip into IRAs to pay off CC debt?

DSInvestor wrote:Cut costs.

$520 for utilities, cable and cell phone seems high. If running AC, set AC a few degrees higher and check that house is sealed tight. If not running AC, then these costs are nuts. Cut premium tv channels or TV subscription altogether and get a subscription to netflix, hulu or Amazon Prime.

40K car loan? Do you need 3 vehicles?
Hulu + can also be had for "free". Just do your normal internet searching with Bing and earn Bing rewards.
by crowd79
Tue Jul 08, 2014 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dip into IRAs to pay off CC debt?
Replies: 28
Views: 3317

Re: Dip into IRAs to pay off CC debt?

Taking money out of retirement accounts to pay off debt is a terrible idea, unless to avoid bankruptcy.
by crowd79
Mon Jun 23, 2014 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 8101

Re: Poll: Dave Ramsey - Harmful or helpful?

Great on personal finance advice.

Poor on investment advice.
by crowd79
Mon Jun 23, 2014 7:33 pm
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 5461

Re: Soccer - injury time?

I smell a big disappointment coming Thursday. USA loses to Germany 2-1 and Ghana beats Portugal 3-1, sending both Germany and Ghana thru. Ghana, just like in the past 2 world cups, gets the "last laugh" against the USA. We'll be talking about Bradley giving the ball away at midfield with 30 seconds to play, blah, blah, blah, for the next 4 years.
by crowd79
Sun Jun 22, 2014 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anticipating financial disasters
Replies: 3
Views: 769

Re: Anticipating financial disasters

My mom always taught me to prepare for the 4 Ds - death, divorce, disability, and downsizing (losing a job). Death - Have appropriate life insurance. Divorce - Pre-nup (a fair one, not a mean one) + living within means that can be easily downgraded to my income alone (mostly the latter). Disability - Having appropriate disability insurance. Downsizing - Living on a small enough percentage of household income that the loss of one income would not be a disaster + an emergency fund (but mostly the former). Two questions. (1) Are there other things I should be doing to plan for the 4 Ds? (2) Are there other potential financial disasters I should be planning for other than the 4 Ds? Not if you're single and no one depends on your income. Zero r...
by crowd79
Sun Jun 22, 2014 9:19 pm
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 5461

Re: Soccer - injury time?

U.S. and Germany should just lay down and take a nap on the pitch for the final match since both will advance with a 0-0 draw anyways. Why risk injury and playing in 100 degree Brazilian heat? 8-)
by crowd79
Sun Jun 22, 2014 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone here use Personal Capital?
Replies: 62
Views: 40683

Anyone here use Personal Capital?

Just curious, does anyone here use the Personal Capital website to monitor their retirement portfolio/investments? Seems like a very good program and they have a nifty investment checkup resources, etc, all for free.
by crowd79
Sun Jun 15, 2014 7:40 pm
Forum: Personal Consumer Issues
Topic: Convince me to visit Italy
Replies: 77
Views: 9302

Re: Convince me to visit Italy

I live in southern Italy...(military)...So, I think I have a fair vote...I would say pass on it....the EURO exchange rate is too high, everything is very hard to find, driving is a pain...go to other parts of Europe. Why would a visitor need to drive? We are planning to go either spring 2015 or 2016, not planning to rent a car. This will be the first trip we try to do a trip completely without a car, are we being unrealistic? Our main interests will be Roman ruins and natural beauty. The exchange rate is bad, hoping it gets better before we go, although that may mean losses on our foreign investments that far exceed the cost of the trip, so... :| Do not drive anywhere in Italy. They drive like maniacs. I would, however, still visit. Went t...
by crowd79
Sun Jun 15, 2014 7:32 pm
Forum: Personal Investments
Topic: investment with student loan repayment
Replies: 54
Views: 3913

Re: investment with student loan repayment

Why are you in debt by $370,000 to earn $120,000? 100% federal loans for private school tuition and fees. That's beside the point of this post. I am new to investing and I would like to know if it's safe to assume a conservative rate of 5% return from investing in markets over period of 20 years using Vanguard target retirement funds. Maybe... but why hope for a conservative 5% when you can get a guaranteed 6% by paying down the loans early. Every dollar you pay early you no longer pay 6% interest on... like a guaranteed return. That's a huge amount of student loan debt and at what I would call a high(er) interest rate. I would also vote for attacking the loans. +1 Excellent point. The OP's plan is based on way too many assumptions in the ...
by crowd79
Sun Jun 15, 2014 7:02 pm
Forum: Investing - Theory, News & General
Topic: Why don't we like Dave Ramesy's investment advice
Replies: 50
Views: 7547

Re: Why don't we like Dave Ramesy's investment advice

Right now, bonds are the big risk with the fear of rising interest rates, which almost certainly will happen in the next few years so I've shed some bonds from my portfolio.
by crowd79
Sun Jun 15, 2014 6:59 pm
Forum: Personal Investments
Topic: CNN Money article on US Savings Bonds.
Replies: 7
Views: 1601

Re: CNN Money article on US Savings Bonds.

As for long term goals, 20+ years for a kid's education, retirement, etc, yes Savings Bonds nowadays are a bad idea but are good for short, mid-term goals. I have a stash of I-Bonds saved for my next used car purchase which could be anytime between now and 5 years from now and will pay outright with cash.
by crowd79
Sun Jun 15, 2014 6:46 pm
Forum: Personal Investments
Topic: investment with student loan repayment
Replies: 54
Views: 3913

Re: investment with student loan repayment

Bad idea. Live cheaply for the next 6-7 years and put 1/2 your entire salary paying off the loans ASAP.
by crowd79
Sun Jun 15, 2014 1:09 pm
Forum: Personal Consumer Issues
Topic: Cutting the cable cord - how did you do it?
Replies: 110
Views: 16605

Re: Cutting the cable cord - how did you do it?

Thanks to Univision I am able to watch the World Cup for free on my iPad without a pay-TV subscription. The spanish announcers are far more entertaining to listen to than ESPN's boring crew.

GOOOOOAAALLLL!!!

Having Hulu + and Netflix helps too. Oh, and it's summer, too. Nothing else good is on TV anyways. Perfect time to save some bucks...
by crowd79
Sun Jun 15, 2014 12:02 pm
Forum: Investing - Theory, News & General
Topic: vbmfx and rising interest rates
Replies: 11
Views: 1305

Re: vbmfx and rising interest rates

steve roy wrote:The net asset value (the market price of older bonds) goes down, but you get higher interest payouts. Over a few years the two things balance out. Hang in for the length of duration and you'll be fine.
So basically it's pretty close to a 0% return at best, or it'll be negative with likely rising interest rates. Really is no point in holding any bonds at all at my age (35) and I so I shed 10% of my portfolio of bonds for equities instead this past week. I was 70/25/5 now 80/15/5 (stocks/bonds/cash) with my portfolio.
by crowd79
Tue Jun 10, 2014 3:40 pm
Forum: Personal Investments
Topic: Better late than never?
Replies: 7
Views: 1183

Re: Better late than never?

In how many years do you expect you will need this $70k?
by crowd79
Tue Jun 10, 2014 3:31 pm
Forum: Personal Consumer Issues
Topic: Addicted to saving?
Replies: 24
Views: 3910

Re: Addicted to saving?

As I sat there watching from home, I desperately wanted to be there with them. I started asking myself why I decided not to join them and it was simply because I didn't think it was financially prudent to spend the extra $500 or $600 for me to fly down there as well, hire a pet sitter, etc. Looking back on that decision, I could kick myself. Having an ample emergency fund is not just for "bad" things but also for being able to spend several hundred dollars on "good" things when an unplanned opportunity like this arises. ++1! Had this happen to me a couple years ago. A friend I had met on a prior vacation tour years ago decided to have a "reunion" of sorts in Hawaii 2 years ago with past travelmates. I had a we...
by crowd79
Tue Jun 10, 2014 3:14 pm
Forum: Personal Consumer Issues
Topic: Addicted to saving?
Replies: 24
Views: 3910

Re: Addicted to saving?

Don't deny yourself the joys of life now by tying yourself down by throwing all your discretionary income into retirement funds. After all, there may not be a tomorrow.

If you have good credit, it wouldn't hurt to apply for some Airline credit cards to get Miles and thus, lower your travel costs.
by crowd79
Tue Jun 10, 2014 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay down a 3% mortgage early?
Replies: 41
Views: 6552

Re: Am I crazy to pay down a 3% mortgage early?

If you get a Mortgage interest deduction, then NO. Otherwise Maybe. 3% is very low interest rate. Just put extra into the market for the long haul and you'll do far better than a 3% return.
by crowd79
Mon Jun 09, 2014 3:29 pm
Forum: Personal Investments
Topic: 100 year portfolio
Replies: 10
Views: 1462

Re: 100 year portfolio

Simple. 100 years = 100% stocks/equities.
by crowd79
Mon Jun 09, 2014 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is having too much credit line a bad thing?
Replies: 10
Views: 1513

Is having too much credit line a bad thing?

I just got a mail offer from my Capital One Quicksilver Card offering me a $5,000 credit line increase. All I have to do is respond by July 10th, 2014.

The fly in the problem is that I already have so many credit cards with high credit lines already that they all amount to well over my actual income per year. Is there such a thing as having "too much credit" where future banks may view that negatively when I apply for additional credit cards later on?