Search found 224 matches

by Greatness
Fri Jan 04, 2019 11:45 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7339

Re: Engagement Ring (Affordable)

The money spent on these pieces of carbon are pointless and a financial waste. You can now get man made synthetic diamonds that are so close to the same quality as regular diamonds, jewelers cannot tell the difference. Take the rest and save for your kids child education or emergency savings. Same ...
by Greatness
Fri Jan 04, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7339

Re: Engagement Ring (Affordable)

The money spent on these pieces of carbon are pointless and a financial waste. You can now get man made synthetic diamonds that are so close to the same quality as regular diamonds, jewelers cannot tell the difference. Take the rest and save for your kids child education or emergency savings. THIS ...
by Greatness
Fri Jan 04, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7339

Re: Engagement Ring (Affordable)

The money spent on these pieces of carbon are pointless and a financial waste. You can now get man made synthetic diamonds that are so close to the same quality as regular diamonds, jewelers cannot tell the difference. Take the rest and save for your kids child education or emergency savings.
by Greatness
Fri Jan 04, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: Cable TV renewal
Replies: 32
Views: 2329

Re: Cable TV renewal

I was looking at the AT&T Watch Now @ 15 bucks a month, but no CNBC. Sigh. I like to watch American Greed, The Profit and The Deed. I don't care for the sports channels. A customizable package where people can select which channels they want would be a good solution. Yes, I understand they have to p...
by Greatness
Fri Jan 04, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: Prepaid cell phones
Replies: 18
Views: 1369

Re: Prepaid cell phones

Check out redpocket mobile on ebay. You can get a prepaid AT&T, Verizon or T-Mobile plan for around 20 bucks a month. I switched and have not had issues on my iPhone.
by Greatness
Mon Dec 31, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Cable TV renewal
Replies: 32
Views: 2329

Re: Cable TV renewal

You will be able to authenticate the various apps with your streaming subscription. We have used Playstation (Sony) Vue for ~3 years on Amazon Fire TV sticks. The $49.99 package has all the channels you would expect. We sign in/authenticate all the various apps (ESPN, HGTV, Fox Sports, etc). From m...
by Greatness
Mon Dec 31, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Cable TV renewal
Replies: 32
Views: 2329

Re: Cable TV renewal

Probably the biggest problem with YTTV is the thin lineup for entertainment channels. They don't have anything from the Discovery or A&E groups. So no Discovery, FoodTV, History, HGTV, etc. It sounds like you want some of those, at least on-demand. I don't know how that works in terms of subscripti...
by Greatness
Mon Dec 31, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: Cable TV renewal
Replies: 32
Views: 2329

Cable TV renewal

I really do not watch much TV, occasionally Hulu, Netflix or Amazon Prime. However, my Verizon contract is over soon and was considering switching to Youtube TV or DirecTV Now. I am just tired of all of these [(removed) --admin LadyGeek] fees they charge. 20%+ goes to these fees on things I have no ...
by Greatness
Wed Apr 25, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open a Goldman sachs 1.6% savings account?
Replies: 31
Views: 3603

Re: Should I open a Goldman sachs 1.6% savings account?

Popular Direct - 2% FDIC insured. Can't get better right now.
by Greatness
Thu Apr 12, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12785

Re: Wanting to leave Fidelity

Seems Vanguard wants me to sell all my 401k holdings prior to switching. Which, I do not want to do. I do not understand why they make things so hard to do. The ironic part is that all the holdings in the 401k are Vanguard ETFs.
by Greatness
Thu Apr 12, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12785

Re: Wanting to leave Fidelity

I think they are useless and horrible.
by Greatness
Thu Apr 12, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12785

Wanting to leave Fidelity

For the last 8+ years I've had my checking, roth and 401k (solo) with Fidelity. I am really no longer happy with their service. The support is horrible. You cannot instantly link accounts, etc. The only think good is the Visa card. If I transfer my retirement accounts to Vanguard, they will require ...
by Greatness
Tue Apr 10, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: High-yield Savings
Replies: 31
Views: 4672

Re: High-yield Savings

by Greatness
Wed Jan 31, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Alan Greenspan says there are bubbles in both stocks and bonds
Replies: 90
Views: 9762

Re: Alan Greenspan says there are bubbles in both stocks and bonds

I think he has dementia. I wouldn't listen to a word this person says. He caused the original case of "irrational exuberance". He's just blowing his own horn for his ego @ 91.
by Greatness
Mon Nov 27, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Chromebooks- What is the lure?
Replies: 157
Views: 20652

Re: Chromebooks- What is the lure?

I will never trust my personal data to the cloud. They are getting hacked left and right. Google drive was hacked not too long ago. https://thehackernews.com/2014/07/google-drive-vulnerability-leaks-users_9.html If they push to put everything in this cloud BS, I might have to go back to building my ...
by Greatness
Mon Nov 20, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 43
Views: 4469

Re: Cash on hand for emergencies

In these days, I'd recommend keeping the following at home. 1) 2.5k - 5k in cash (in a hidden safe preferably bolted to the ground). 2) Legally licensed gun and ammo (in a hidden safe preferably bolted to the ground). 3) Water for up to 2 weeks for you and your family. 4) MRE's which last for ever....
by Greatness
Mon Nov 20, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 20608

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Dave is geared towards the general public whom do not know how to manage money; much less a budget. I use mint and place everything on cards. I already know what I am buying prior to going to a store. I am not a grazer, so I do not have to worry about over spending. (Most) Debt cards offer ZERO prot...
by Greatness
Mon Oct 02, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 43
Views: 4469

Re: Cash on hand for emergencies

In these days , I'd recommend keeping the following at home. For those of us not as steeped in the secret knowledge, what specifically are "these days"? As for the cash, I keep $200 in each of the two earthquake bags, $20 in each vehicle (mostly for gas in case of a lost wallet), and there's maybe ...
by Greatness
Mon Oct 02, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cash on hand for emergencies
Replies: 43
Views: 4469

Re: Cash on hand for emergencies

In these days, I'd recommend keeping the following at home. 1) 2.5k - 5k in cash (in a hidden safe preferably bolted to the ground). 2) Legally licensed gun and ammo (in a hidden safe preferably bolted to the ground). 3) Water for up to 2 weeks for you and your family. 4) MRE's which last for ever. ...
by Greatness
Wed Sep 20, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 31202

Re: Calling out the not so rich bogleheads

Everything comes down to planning and hunger. I didn't come from a rich family. In fact, my parents lost it all not once, but twice. There were days where we had the water and electricity shut off. That had a lasting impression on me that I still have towards this day. I went to college part time an...
by Greatness
Wed Sep 20, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 31202

Re: Calling out the not so rich bogleheads

When I was 35 and freshly divorced it took me 3 or 4 months to save $10 to go out and buy myself 2 Scotchs at $4 each and a $2 tip for the pretty lady who brought them to me. Saved all my pennies, nickels and dimes, there were no spare quarters. It took me a long time to dig out of that situation, ...
by Greatness
Fri Sep 08, 2017 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 29745

Re: Becoming a Landlord: My Experiences

I respectfully disagree. As a person who owns multiple buildings and complexes, I find the depreciation and other tax benefits a great benefit. I do pay cash and then refinance some of them when I get a good deal or need to replenish the companies reserves. Then again, I am running it as a business ...
by Greatness
Thu Sep 07, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 29745

Re: Becoming a Landlord: My Experiences

OP also forgets to mention the numerous tax benefits with investment properties. Also, he wants to do it all himself (renting/leasing/screening/etc). Whereas, you can get a good quality PM firm to handle all of this for 7% - 10%. Could you live well on one or two units? No. If you had 20 + units @ 8...
by Greatness
Wed Aug 02, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2625

Re: Rental Property - Best Legal Structure?

I will just comment on umbrella coverage. Mine is with same company that insures my rental properties (though it doesn't nec have to be) It specifically says "incl Landlord for x and y" so I do not think you need to be concerned about a business policy you just have to make sure that they list your...
by Greatness
Wed Aug 02, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2625

Re: Rental Property - Best Legal Structure?

LLC, good insurance, good accountant and good lawyers. Each property in it's own LLC. Therefore, should you get sued, the liability is limited to just the LLC, and not your other assets or properties. Here's what I do. One main LLC / corp > each separate property is in it's own LLC as a disregarded...
by Greatness
Wed Aug 02, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Buying rental properties at age 25 as investments.
Replies: 8
Views: 983

Re: Buying rental properties at age 25 as investments.

You should be able to earn 10% - 20% in gross returns through buying multi-family homes and apartment buildings in an urban market. Everyone needs a place to live. Hire a good prop. manager and stay on top of them. You also need to have a good accountant and lawyer incase issues arise; which they al...
by Greatness
Thu Jul 27, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2625

Re: Rental Property - Best Legal Structure?

LLC, good insurance, good accountant and good lawyers. Each property in it's own LLC. Therefore, should you get sued, the liability is limited to just the LLC, and not your other assets or properties. Here's what I do. One main LLC / corp > each separate property is in it's own LLC as a disregarded ...
by Greatness
Wed Jul 26, 2017 2:29 am
Forum: Personal Finance (Not Investing)
Topic: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $
Replies: 24
Views: 4466

Re: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $

In terms of community prop. states, without a prenup, irrevocable trust or co-hab agreement (non-married, but living together). Any growth from the asset while together the other partner/spouse will have claims to that appreciation. Pre-nups do not always work. If you are going to do the unwise thi...
by Greatness
Mon Jul 17, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $
Replies: 24
Views: 4466

Re: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $

In terms of community prop. states, without a prenup, irrevocable trust or co-hab agreement (non-married, but living together). Any growth from the asset while together the other partner/spouse will have claims to that appreciation. Pre-nups do not always work. If you are going to do the unwise thin...
by Greatness
Sun Jul 16, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $
Replies: 24
Views: 4466

Re: Marriage on horizon - Question on Pre-Marital $ vs. Post Married $

Now why would you want to do something silly like that? Do you like risking in all on 50% chance on black or red? Why not just live together and have a cohabitation agreement setup and put in place. ( http://www.thepublicdiscourse.com/2015/12/15983/ ) Be wise, don't get the State involved with your ...
by Greatness
Sat Jul 15, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity interest rates
Replies: 20
Views: 3516

Re: Fidelity interest rates

I use Fidelity as my main checking account and generally have one month or less of expenses there. In my cash management account I use SPRXX -- Fidelity Money Market. The current yield is 0.96%. They liquidate it at the end of each day to reconcile debits in the account. It's decent for a checking ...
by Greatness
Sat Jul 15, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity interest rates
Replies: 20
Views: 3516

Fidelity interest rates

Since the crash, it seems the interest rates that Fidelity has been paying has been much lower than other online institutions. Are you guys just keeping the money there or utilizing GS Bank or another institution instead to obtain a higher "safe" guaranteed yield?
by Greatness
Tue Jun 27, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing gains in retirement accounts
Replies: 10
Views: 933

Re: Realizing gains in retirement accounts

It's very aggressive in growth funds, and was thinking of lowering the allocation to 60/40 stocks/bonds.
by Greatness
Tue Jun 27, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing gains in retirement accounts
Replies: 10
Views: 933

Re: Realizing gains in retirement accounts

Shows a modest five figure gain. Just thought it might be worth locking in the gains and then re-diversify.
by Greatness
Tue Jun 27, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Realizing gains in retirement accounts
Replies: 10
Views: 933

Realizing gains in retirement accounts

So I just logged into my Vanguard account and many of the funds are up 25% - 33% since I purchased them a few of years ago. Should I lock in those gains or not touch them and let them ride?
by Greatness
Mon Sep 07, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Must-haves and Legal Needs for a Millionaire
Replies: 27
Views: 8408

Re: Must-haves and Legal Needs for a Millionaire

A irrevocable trust is safer and more secure than a pre-nup. Your pre-nup lawyer should had told you about this... Pre-nups are broken and challenged all the time. Since you are the one with the dough, guess who will be fronting the bill (possibly by court order) for both sides if there is a possibl...
by Greatness
Sun Aug 16, 2015 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

Pl explain why on morningstar growth of 10k chart for VWLUX 10yr+ why when you compare any long established muni CEF e.g. LEO the total value is no different - would seem to me that the 30% leverage should give you 30% more (realize losses are also 30% leveraged down!) Recheck your chart; the lever...
by Greatness
Sun Aug 16, 2015 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

It was sold to me through my old broker as an income producing vehicle. Where as it performed similarly to the Vanguard LTF, it pays a significantly higher dividend. However, when factoring in the fees and the risks, it really is not worth the risk now a days. In a zero interest rate or low interest...
by Greatness
Sun Aug 16, 2015 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

Pl explain why on morningstar growth of 10k chart for VWLUX 10yr+ why when you compare any long established muni CEF e.g. LEO the total value is no different - would seem to me that the 30% leverage should give you 30% more (realize losses are also 30% leveraged down!) So in the longterm is a CEF m...
by Greatness
Sun Aug 16, 2015 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

Emergency fund is in HSBC and other High-Yield Pre-Paid Savings accounts. I have about eight months of an emergency fund there. Next level is my own personal investments, which is 30/30/30/5/5 (VT, VTI, BND, VWLUX, VHT). This was a different level of savings/investments considered as excess which wa...
by Greatness
Sat Aug 15, 2015 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

Possibly, but with all the leverage, you really do not know how bad the downside could be. Rather take my profit and run. Just looking for a less leveraged, possibly safer environment for the excess funds. Already have 5 pre-paid savings accounts, so cannot put it there.
by Greatness
Sat Aug 15, 2015 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

Sinced the Blackrock CEFs use leverage, I calculate that when interest rates rise in the next few months, those funds will be hammered. Hence forth, I sold them with my fair gain. In addition, I've owned them since 2008 - 2009, so they've had a nice run.
by Greatness
Sat Aug 15, 2015 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Re: Deleveraging Closed End Muni Funds

These are excess funds, not retirement funds. Part of my taxable investment account. Additional funds outside my traditional investment index funds which are already in VT, BND and VTI.
by Greatness
Sat Aug 15, 2015 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Deleveraging Closed End Muni Funds
Replies: 19
Views: 1548

Deleveraging Closed End Muni Funds

I've been selling off my Blackrock closed end funds. Partly because of the leverage they hold and the near future rate risk, and partly because of what Carl Icahn had stated to Larry Fink about Blackrock funds in a recent public forum. With that said, I have that money sitting in my Vanguard account...
by Greatness
Tue Jun 23, 2015 12:49 pm
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 190
Views: 31497

Re: Convince me not to buy Porsche

You are living too close to the edge (financially). If you get laid off, hurt, or life happens, you will be in a world of hurt. This is the problem with many people. They live for today and not tomorrow. Dreaming is good. IF you want it so bad, no problem. Put money aside each month and when you hav...
by Greatness
Mon Jun 08, 2015 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash in a brokerage account. Safe?
Replies: 20
Views: 4726

Re: Keeping cash in a brokerage account. Safe?

Just a bit gun shy I guess. I put some in to a 3 month CD. The rest is in cash. I was thinking about putting it in
Vanguard Short-Term Bond Index Fund

Would an interest rate hike effect the Vanguard Short-Term Bond Index Fund?
by Greatness
Mon Jun 08, 2015 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bank of America Corporation InterNotes??
Replies: 9
Views: 1854

Re: Bank of America Corporation InterNotes??

Guess they are locking in the low rates before the Fed raise the rates... Seems awfully low for 25 years.
by Greatness
Mon Jun 08, 2015 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash in a brokerage account. Safe?
Replies: 20
Views: 4726

Re: Keeping cash in a brokerage account. Safe?

Sorry about that. I was thinking about that as well. Just was hoping for a better option.
by Greatness
Mon Jun 08, 2015 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Bank of America Corporation InterNotes??
Replies: 9
Views: 1854

Re: Bank of America Corporation InterNotes??

They are. They popped up as new offerings. No CUISP yet. I was thinking of buying some of them and locking in the 4.25% just wondering how safe and secure they are.
by Greatness
Mon Jun 08, 2015 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash in a brokerage account. Safe?
Replies: 20
Views: 4726

Re: Keeping cash in a brokerage account. Safe?

Transferred the money into this new brokerage account to get the signup bonus. I cannot remove the money for a year or I loose the bonus.