Search found 184 matches

by david
Mon Nov 04, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: Modeling Bitcoin Value with Scarcity
Replies: 13
Views: 1069

Re: Modeling Bitcoin Value with Scarcity

There are a lot of rare things. That doesn't make it valuable. If people stop using Bitcoin because: there's a better system, some flaw identified, not enough currency in circulation due to lost private keys etc. It doesn't matter if you have all the Bitcoin if there is no demand. For example, Googl...
by david
Thu Oct 10, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statements-Save Paper Ones? Electronic?
Replies: 35
Views: 1913

Re: Credit Card Statements-Save Paper Ones? Electronic?

I get paper statements for every card. Use it to discuss the months spending with my wife. And then shred them. I don't need them unless there is an issue with the bill. This allows us to discuss our spending. I don't save them because I can't see myself needing it in the future and I can use the on...
by david
Wed Sep 04, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7714

Re: First-hand experiences with United Basic Economy for families?

Think of the headache on their end if they do. Your kids will at least be with a parent or there would be pandemonium on the plane by your family and anyone unlucky enough to sit by your unaccompanied children. That said, I have flown with my family including one small child in a basic economy situa...
by david
Tue Jul 23, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Thank you notes,,, out of favor these days?
Replies: 107
Views: 6345

Re: Thank you notes,,, out of favor these days?

It's still done. Though sometimes it takes a bunch of time to write and send them all.
by david
Tue Jul 23, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 127
Views: 11341

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Look into how much it will cost out-of-pocket, which will depend on your insurance, and make sure you have that budgeted. For my last child, even though we had an HMO with no deductible, we did have to pay co-pays for each doctor's visit (up to the out-of-pocket). My spouse ended up having some com...
by david
Mon Jul 22, 2019 9:51 am
Forum: Personal Consumer Issues
Topic: Thinking about buying late grandparents' house, proper boundaries with rest of family?
Replies: 27
Views: 2052

Re: Thinking about buying late grandparents' house, proper boundaries with rest of family?

I think it's great if you want the house or land. Nostalgia is fine here. Don't use the argument that you're keeping it in the family. That makes it seem likes it's everyone's. It won't be. Be clear here. It will be your home, to do with as you please. Then figure out what the fair market is and pay...
by david
Mon Jul 08, 2019 1:58 am
Forum: US Chapters
Topic: New Orange County, CA Local Chapter established
Replies: 70
Views: 7413

Re: Orange County, CA chapter?

I'd consider attending, work depending of course.
by david
Tue Jun 11, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 1780

Re: Ally Checking vs Capital One 360 Checking

I chose Ally as it had better rates even though I had a cap 1 credit card that I used a lot at the time. Ally has reliable bill pay and quite good phone support. Their app works pretty well, though there are a few things you have to do on the website (like adding or modifying bill pay payees). I'm h...
by david
Wed Jun 05, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14938

Re: You May Never See Your Grandchildren Again

From my Forbes blog: You May Never See Your Grandchildren Again I was so excited! It was our first "free dinner and retirement discussion" since moving into an over 55 community last summer. Let me sum up what I heard this adviser say: Be very afraid. Advisers manage money badly, Social Security pe...
by david
Thu May 23, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Best bassinet
Replies: 25
Views: 1466

Re: Best bassinet

Hi all. Baby coming in the next couple of weeks. Allot of news on bassinets in the news with recalls etc. I wanted to get the boggleheads opinion on the best bassinet. In terms of safety, Quality, and maybe the baby the most happy ( or parents less sleep deprived :happy ) So newborns don't move muc...
by david
Mon May 06, 2019 3:43 pm
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 47
Views: 3406

Re: alternatives to 529 plans

Given no tax benefits to California residents, what other 529 alternatives exist: just invest in target retirement fund but adjust the target date to education needs. invest in lazy portfolio. ... At least for the 2 alternatives above, there are no bells and whistles unlike in 529 plans. There are ...
by david
Wed Apr 24, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: Dividends v Buybacks, Boeing
Replies: 17
Views: 1836

Re: Dividends v Buybacks, Boeing

They are not going to be strangled by anything. They are a duopoly, and a prince of crony capitalism. No worries with this stock. Yeah, long term this will be just a blip on the radar. It is interesting how buybacks are more tax efficient, but get slashed first in almost all cases. Companies know t...
by david
Wed Apr 24, 2019 8:26 am
Forum: Investing - Theory, News & General
Topic: Dividends v Buybacks, Boeing
Replies: 17
Views: 1836

Re: Dividends v Buybacks, Boeing

I have a bunch of money invested in BA. But I disagree. It's possible for a company to be strangled by the need to pay out a dividend for supposed stability for investors. The company messed up huge and is trying to show people everything is fine. Because of the irrationality of dividends, they need...
by david
Wed Apr 24, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: HSA max with mid year employer switch
Replies: 4
Views: 297

Re: HSA max with mid year employer switch

To confirm my understanding, I'll receive two 5498-SA's next year for tax year 2019, each listing the amount contributed for the respective HSA. The sum of those two cannot exceed $3500 for single medical coverage, and the source of that $3500 is irrelevant. I can contribute a max of $1750 total fo...
by david
Thu Apr 18, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and Student Loans
Replies: 62
Views: 4475

Re: Marriage and Student Loans

My wife and I met during law school. I ended with no debt and she ended up with 6 figures. I eventually got a job and she unfortunately was unable to (the economy was terrible for lawyers). I didn't pay anything on her student loans until we got married. Her debt grew to about 216k in student loans....
by david
Wed Mar 27, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying tax on Roth conversions from an inherited IRA
Replies: 5
Views: 485

Re: Paying tax on Roth conversions from an inherited IRA

It's like any other withdrawal. So if you're filling up your brackets converting, make sure there's room there for pulling out of the IRA.
by david
Fri Mar 22, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 6021

Re: Do you still wear a necktie to work?

I work in a biglaw firm in SoCal. Every office for the firm has a different dress code. Dress shirt and slacks are what's expected except on Fridays when it's jeans and a less formal shirt. And that's for everyone from the top down. When there's an event, clients, etc, people will frequently go suit...
by david
Wed Mar 20, 2019 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Patent an idea and find investors.
Replies: 31
Views: 2012

Re: Patent an idea and find investors.

Hello, I have an idea for a product. How can I find information on how to patent it and also find investors for developing the product. Like any forums or sites that I can post my idea for investors. I am also for information on how to get access to resources like scientific minds for consultation....
by david
Mon Mar 18, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on house in 2 weeks.... temporary occupancy dispute
Replies: 37
Views: 3170

Re: Closing on house in 2 weeks.... temporary occupancy dispute

Talk to your current landlord about getting out the the deal. If they won't do it for free, see if they would fo it for a few hundred dollars. If not that, maybe you give up the place and have them try and rent it and if rented they'll give you your money back. Then let the home sellers out of their...
by david
Tue Mar 12, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: When Does Vanguard's Patent(s) Expire?
Replies: 42
Views: 6814

Re: When Does Vanguard's Patent(s) Expire?

Uh last time I checked in order to be patentable an invention had to be: 1) novel 2) useful 3) unobvious Those who think ETF's as a share class of the open end funds should not be a patentable invention - which criterion do you feel it does not meet? I think the part most of us take issue with is (...
by david
Thu Feb 28, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Ring Shopping
Replies: 82
Views: 4582

Re: Ring Shopping

As a few others mentioned, this should be a conversation you and your future wife have about -style and taste (my wife doesn't really like diamonds. I got her a ring for far less). -where you are financially -where you hope to be financially -what this means for the future, and overall lifestyle exp...
by david
Tue Feb 12, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Shifting approach to account access as kids are grown
Replies: 12
Views: 936

Re: Shifting approach to account access as kids are grown

I have a few bank accounts. One of which is a personal shared account in my name and my father's name. It allows him to easy go to a bank and deposit cash. And I don't normally use the account for my transactions. I'm married and have a joint account with my wife. I also have a job and do not get fi...
by david
Mon Feb 11, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6379

Re: Newlyweds and joint accounts for household expenses

We created a new checking account for common expenses. Took advantage one of the sign-up bonus offers :). For investments/savings, we have individual accounts. Even though we try to look at our net worth and allocation on the whole by combining our accounts, we do have our investments separated in ...
by david
Mon Feb 11, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6379

Re: Newlyweds and joint accounts for household expenses

It’s just so much easier to open a new checking account and have all of your paychecks go into that one account going forward. +1 When we got married 30 years ago, we tried his, hers, and ours checking accounts. What a total pain in the butt! Lasted about 6 months before we stopped that. One checki...
by david
Mon Feb 11, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Any meal preppers? I need new dishes. [containers]
Replies: 22
Views: 2085

Re: Any meal preppers? I need new dishes.

Search the web for 'glass containers with snap lids'. You'll see a bunch of options. We use these types of containers for leftovers at home, and I'm sure they'd work well for taking lunch to work. I don't freeze in them (but I'm guessing you could), and I don't microwave the lids. This. Snapware gl...
by david
Mon Feb 11, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6379

Re: Newlyweds and joint accounts for household expenses

It’s just so much easier to open a new checking account and have all of your paychecks go into that one account going forward. +1 When we got married 30 years ago, we tried his, hers, and ours checking accounts. What a total pain in the butt! Lasted about 6 months before we stopped that. One checki...
by david
Fri Feb 08, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to backfill a missed employment benefit
Replies: 3
Views: 345

Re: Trying to backfill a missed employment benefit

Yes, submit and be okay with a rejection. You can't get what you don't ask for.

Make sure the expenses you have are in line with what they'll cover and then go for it.
by david
Tue Jan 22, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 10212

Re: Grocery shopping strategy

1- Minimize food waste. People typically pay for a lot they don't end up using. If you consistently buy too much of something, try to cut back on it. When prepping meals think about what is starting to go south or has been sitting. Being flexible with dinner plans and having many recipes in your whe...
by david
Wed Jan 09, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7932

Re: Is buying a $700K first home crazy?

Thanks for initial feedback. Responses below. Is your rent below market? Yes, significantly. Renting a nicer place would cost probably $1K more a month. Does the house shorten your commute or add to it? Does $700k get you a house with a bunch of upgrades due? The commute wouldn't change, but we wou...
by david
Mon Jan 07, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Ameriprise Car Insurance
Replies: 12
Views: 1680

Re: Costco Ameriprise Car Insurance

Does anyone have any experience with the Costco Ameriprise auto insurance? I got a quote from them 3 years ago and it was twice as much as GEICO so I stayed with GEICO. I tried it again today and it is now 30% less than GEICO. Now I'm thinking about switching. Does anyone here have it and how frien...
by david
Thu Jan 03, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 8559

Re: Engagement Ring (Affordable)

Any recommendations on sites/jewelers that offer great prices? just can't stomach spending anymore than 10K on this and my significant other is not very flashy/materialistic anyway (huge part of her appeal quite frankly). My (now) wife wanted a ring that ended up costing about $450, with a blue-gre...
by david
Wed Jan 02, 2019 1:16 am
Forum: Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 2920

Re: Can I front-load 401k contributions?

There are also potential problems with front-loading 401k contributions. You max your contributions at employer A and join employer B with far higher employer matching. Most previous employers will not remove excess deferrals and you are stuck. Your 401k does not true up contributions and you miss ...
by david
Wed Oct 10, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3450

Re: Formula for when to buy in bulk

My parents would buy in bulk (with sales + couponing) and waste rooms worth of space storing things for the future. For items I use regularly, I try and buy enough until the next sale (which are typically periodic, you just have to figure out an approximate period), assuming the items are durable en...
by david
Mon Sep 17, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life Insurance
Replies: 30
Views: 1997

Re: Whole Life vs Universal Life Insurance

You pay for that privilege, though. So having assets instead can also be used to borrow against and pay for things. Separating insurance from investment is also likely to be cheaper. Agents typically make a bundle on these policies. Also you never get both the cash value and the death benefit. So ta...
by david
Thu Jun 21, 2018 5:41 am
Forum: Personal Investments
Topic: Bar Mitzvah Money Investing Ideas
Replies: 21
Views: 2415

Re: Bar Mitzvah Money Investing Ideas

Does he have earned income? If so, max out a Roth. I'd consider a 90/10 3-fund portfolio. He doesn't really need the bonds IMHO (I'd put this money towards retirement personally, and he can use cashflow in 10-15 years for whatever this could possibly buy) but it'll help teach about rebalancing more...
by david
Wed Jun 20, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: The Current Market
Replies: 22
Views: 2055

Re: The Current Market

The market peaked in late January of this year only to get hammered in early February. Since then the market has kind of yo-yo'ed up and down in loss territory for the last 4 months. I've been in the market for a number of years and I've not seen anything quite like this constant up and down over s...
by david
Tue Jun 19, 2018 3:04 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4854

Re: Do you think it is smart to disclose that you have passive investments to other people?

Let's say that you are a private practice lawyer, doctor, or some other sole proprietor with clients and that you own passive real estate rentals or other relatively passive cash-flowing businesses. Is it smart for you to disclose this to your clients when you are too busy to be as available for th...
by david
Tue Jun 19, 2018 2:45 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 10387

Re: Which Supermarket are you?

Depending on the week I hit up a number of stores. All these stores are within 3 miles of me. I don't go to all of them each week. It depends on what is on sale and what we need. -Costco -99 Cent Store (has a surprisingly good food section) -Smart & Final -2 different local international food and fr...
by david
Wed Jun 13, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 8002

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

I'm a Millennial on the older side of the generation. I see my friends and acquaintances really split. There are a number of my peers who are going gung ho with the boomer model: * family + suburban life * Another number are embracing a more minimalist lifestyle: city living, possibly with roommates...
by david
Wed Jun 13, 2018 12:28 pm
Forum: Personal Investments
Topic: Thrivent?
Replies: 17
Views: 2160

Re: Thrivent?

Does anyone have any experience with this Lutheran financial service? I am interested in any impressions or comments. A family member is considering moving from Edward Jones to Thrivent for personal investments and a holding spot for business accounts for an inactive business. TIA My mother in law ...
by david
Tue Jun 12, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: House that was in trust is actually in estate
Replies: 22
Views: 2631

Re: House that was in trust is actually in estate

I am venting about a frustrating situation that I just discovered. My father had cancer and died in 2014. He and my mom took care of a lot of things, and most everything was moved into a trust in my mom's name. Mom died unexpectedly last year. We are selling her Florida home and have a buyer. I am ...
by david
Tue Jun 12, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 3597

Re: Imagine a 10 year, 0%, noncallable loan

Imagine someone were to offer you a 10 year, 0% apr, noncallable loan for the amount of your one year gross income. Every month you have to pay back the principal until at the end of the 10th year, all the money was paid back. if a banker offered you these terms today, how much would you pay him fo...
by david
Sun Jun 03, 2018 4:51 am
Forum: Personal Consumer Issues
Topic: Need to replace my Vizio TV..............
Replies: 35
Views: 3313

Re: Need to replace my Vizio TV..............

Check the credit card you used to purchase the TV. Some cards extend the warranty on purchases (not just Costco cards or Costco purchases) I’m pretty sure chase sapphire doubles the warranty if the warranty less than one or two years, amex does the same. Don’t know the specifics so check with your ...
by david
Sun Jun 03, 2018 4:12 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4820

Re: Friends with an EJ Advisor

I've found that some EJ folks that I've interacted with are not really experts on personal finance. They know buzzwords and can sound professional, but at the end of the day they are in sales not investment analysis and push products to people. I don't talk finance with them.
by david
Sun Jun 03, 2018 3:57 am
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 2310

Re: Max out 401k w/credit card debt?

A lot of this advice is predicated on knowing how much you make and spend in order to pay off this debt. The more money you make, and savings elsewhere, the less of an issue. The less you make the more this looks like an emergency. Without knowing how much you make, I would cut out the 529 savings, ...
by david
Wed May 30, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Recommend new TV for 93 year old lady
Replies: 28
Views: 2299

Re: Recommend new TV for 93 year old lady

https://www.walmart.com/ip/Hisense-49-C ... /166752596

$220, 49 inches seems like it meets her needs. I can't speak to display quality.
by david
Tue May 29, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy into this medical practice?
Replies: 26
Views: 3510

Re: Should I buy into this medical practice?

They rent most of the equipment (MRI,CT, etc) and are renting the buildings (do not own the real estate). So, this business wouldn't own anything but is still valued at 3M? How? These projected earnings? Could you liquidate this investment? If so, how? And at what valuation? Would you get any vote ...
by david
Wed May 23, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?
Replies: 6
Views: 560

Re: Joint savings account: 6 withdrawals/month per PERSON or ACCOUNT?

Per account. See 12 CFR 204.2(d)(2) https://www.law.cornell.edu/cfr/text/12/204.2 (d) (1)Savings deposit means a deposit or account with respect to which the depositor is not required by the deposit contract but may at any time be required by the depository institution to give written notice of an i...
by david
Tue May 22, 2018 2:13 pm
Forum: Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5945

Re: How do you stop moving the goal posts.

I would move the goalposts. From one with a number to achieve to one of spending targets. Are you coming in at or under budget with your spending? How have your investments done this year, should you adjust spending? Are you accomplishing your goals with your money that you need to (e.g., hitting yo...
by david
Tue May 22, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do you account for a defined benefit pension in your planning?
Replies: 4
Views: 690

Re: How do you account for a defined benefit pension in your planning?

I have a corporate role (Age 32) with a gross annual comp of $130K and my wife is a teacher (Age 32) and earns $80K. We live in a HCOL area of NJ. She does not participate in a 403B as we are instead contributing into my 401K and plan to do so until I'm maxed out, which should start this year. Sock...