Search found 437 matches

by sk2101
Thu Jul 02, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 131
Views: 10768

Re: Hopeless Civil Engineer

An engineering degree teaches one how to learn quickly, how to structure thinking and opens a lot of possibilities. Not to mention that an engineer will by definition be very good in math. I have a BSEC and ended up in corporate finance/investment management after getting an MBA. I could also have g...
by sk2101
Tue Jun 30, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: Worth fixing the car?
Replies: 18
Views: 1003

Re: Worth fixing the car?

If you are only planning to keep it for another year then see if you can do only the brake pads, and do it yourself if you are able to. $50 or so and problem solved.
by sk2101
Wed Jun 24, 2020 8:24 pm
Forum: Personal Consumer Issues
Topic: What to buy parents as a token of appreciation/retirement
Replies: 57
Views: 3757

Re: What to buy parents as a token of appreciation/retirement

A family vacation where they get to spend time with all the kids and grandkids (if any)
by sk2101
Mon Jun 15, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: best way to give away a table saw
Replies: 53
Views: 3221

Re: best way to give away a table saw

I have sold and given away hundreds of items over the years. I don't like to post anything for free because it tends to attract choosing beggars. For items that I just want gone, I list them at a very attractive price and people are competing to be the first to get it. If I get good vibes from the p...
by sk2101
Fri Jun 12, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Online Ammo purchase recommendation
Replies: 20
Views: 1993

Re: Online Ammo purchase recommendation

I just remembered of this site that was created when there was shortage of ammo during Obama years. If you are looking for the best price it's worth a look:
http://www.gunbot.net/
by sk2101
Fri Jun 12, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Online Ammo purchase recommendation
Replies: 20
Views: 1993

Re: Online Ammo purchase recommendation

Freedom Munitions is where me and shooting buddies buy from for target shooting. https://www.freedommunitions.com/ammunition/pistol.html Not sure about stock at this point. Usually good prices. I buy reloads sometimes for practice. Freedom munitions is great. Good prices and I see most of the best ...
by sk2101
Fri Jun 12, 2020 11:31 am
Forum: Personal Consumer Issues
Topic: Norwegian Cruise spring break refund
Replies: 4
Views: 264

Re: Norwegian Cruise spring break refund

Can you open a dispute with your credit card? I think that would give you a few more safeguards.

I had a cruise cancelled by Disney and got a refund issue within a week.
by sk2101
Thu Jun 11, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Savings Account Transfer Limitations
Replies: 10
Views: 1192

Re: Beware Marcus/Goldman Sachs Savings

To me that's a plus. If someone manages to have access to the account they won't be able to transfer money out.

Marcus is not a retail bank, so to accomplish what you want you have to first transfer to your account in a bank and then wire/transfer to your wife.
by sk2101
Fri May 22, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Bicycle Recommendation?
Replies: 49
Views: 4510

Re: Bicycle Recommendation?

They probably won't be in that price range, but definitely try some e-bikes before making a decision. Especially with hills it makes riding a super-fun experience. I bought a high-powered electric last year and love it. The whole purpose of biking is to excercise. Unless someone has a disability or...
by sk2101
Fri May 15, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: Buying Amazon vs direct from company....
Replies: 40
Views: 3231

Re: Buying Amazon vs direct from company....

If you have amazon prime with their credit card you get 5% back on Amazon purchases. Because of that I would buy at Amazon.
by sk2101
Thu Apr 23, 2020 10:30 am
Forum: Personal Consumer Issues
Topic: Which new kid's bike to buy online?
Replies: 42
Views: 1747

Re: Which new kid's bike to buy online?

At these ages, I would not buy my kids a bike with suspension nor gears to shift. I run/walk/jog near four elementary and middle schools, so I see a lot of kids on bikes. I have never seen a child that age ever shift any gears even though there are plenty of inclines/hills that would require it. Ma...
by sk2101
Thu Apr 23, 2020 10:04 am
Forum: Personal Consumer Issues
Topic: Which new kid's bike to buy online?
Replies: 42
Views: 1747

Re: Which new kid's bike to buy online?

I don't agree that Walmart bikes are bad because they are assembled poorly. That's just part of the problem. They are also cheaply built with disposable components. My son's friend has a walmart bike, it is unnecessarily heavy with a crappy suspension (that does not work anyway so he'd be better off...
by sk2101
Thu Apr 23, 2020 8:12 am
Forum: Personal Consumer Issues
Topic: 2020 Highlander - any owners
Replies: 43
Views: 3951

Re: 2020 Highlander - any owners

As someone that works under these cars may I throw in my 2 cents worth...KIA is nice car but get under the car and look at the Toyota and KIA both after 100K...not even close...if you only keep em for a few years...no worries..Toyota costs more for a good reason...not saying any car is perfect...bu...
by sk2101
Tue Apr 21, 2020 12:40 pm
Forum: Personal Consumer Issues
Topic: BMW X5 - advice on purchase
Replies: 49
Views: 3080

Re: BMW X5 - advice on purchase

If you want an X5 I suggest you lease it rather than buy. BMW is very dependent on leases and usually has good deals going on.
by sk2101
Tue Mar 31, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Lease is up--what would you do?
Replies: 57
Views: 5753

Re: Lease is up--what would you do?

The power right now is with the tenants. In your situation I would tell her that it's either month-to-month or you are leaving. She will take it, but in the unlikely scenario where you have to leave you can always find a short-term rental in rental communities.
by sk2101
Fri Mar 13, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12581

Re: Are you still going to the gym ...

No, only running/biking outdoors for me until this is over.
by sk2101
Mon Mar 09, 2020 4:25 pm
Forum: Personal Consumer Issues
Topic: mountain bike purchase
Replies: 31
Views: 1295

Re: mountain bike purchase

The way to really get good bang for your buck with bikes is an online, direct to consumer company like YT, Canyon (on the higher end) or Bikes Direct (lower end). These come with some significant drawbacks though, as it's tough to determine sizing, it won't be tuned perfectly out of the box (or re-...
by sk2101
Fri Feb 28, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help Buying First Car for Son
Replies: 11
Views: 730

Re: Help Buying First Car for Son

Neither. I would go for newer with less miles. Also for a new inexperienced driver a full size sedan with good safety ratings is the best choice. I don't like the idea of pickup trucks or large SUVs for an new driver. A compact SUV is easy to drive and would be Ok, but the good options are all too e...
by sk2101
Thu Feb 27, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4224

Re: Thoughts on car financing

OP said can't afford to buy it outright so it doesn't really matter what the cash price is. What type of car is DWs? What's wrong with it? 160k isn't really all that much. What's the rest of your financial picture? I'd be concerned if you need to take out a loan that long. As a car salesman in the ...
by sk2101
Thu Feb 27, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on car financing
Replies: 54
Views: 4224

Re: Thoughts on car financing

But, the person who finances the car pays more for the car. The bank can t do business paying incentives to write below market loans. Can they? Do they need the business bad enough to pay incentives for .99% car loans? What am I missing? Should we get car loans for our car purchases and then pay th...
by sk2101
Fri Feb 21, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8369

Re: Used car purchase - now dreading it

I would install Katzkins leather on the seats as I hate fabric seats. This would take care of the stains and also remove any smell that may be emanating from the fabric covers. Plus then you will have leather seats. Buy new floormats as they are cheap and have the carpet professionally cleaned. I be...
by sk2101
Thu Feb 20, 2020 6:00 pm
Forum: Personal Consumer Issues
Topic: Buying High Mileage Truck to Haul Mountain Bikes
Replies: 26
Views: 2197

Re: Buying High Mileage Truck to Haul Mountain Bikes

whunter3333 wrote:
Wed Feb 19, 2020 10:34 am
Or maybe the endgame is thus: you could buy a pretty sweet bike for the amount saved by not buying the truck.
$4K only buys is a pretty average Mountain Bike these days.
by sk2101
Tue Feb 18, 2020 3:43 pm
Forum: Personal Consumer Issues
Topic: Perform own oil change pros & cons?
Replies: 224
Views: 11337

Re: Perform own oil change pros & cons?

If you prefer to have someone else do the work for you, I suggest never going to Jiffy Lube or similar. They can really mess things up. Dealers often have 39.99 or 49.99 oil change coupons, as they just want to have people in the door to upsell them. I prefer to DIY, but mainly because it saves me t...
by sk2101
Tue Feb 04, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Tesla Stock
Replies: 301
Views: 16631

Re: Tesla Stock

No. This is what happens when lots of people short a stock — and end up being wrong. The only cult here was the shorts, now they are reaping what they sowed. To be sure, once the dust settles, the price will come down, but this isn’t FOMO buying, this is a short squeeze. I am sure there is a short ...
by sk2101
Tue Feb 04, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: Tesla Stock
Replies: 301
Views: 16631

Re: Tesla Stock

rascott wrote:
Tue Feb 04, 2020 10:38 am
This reminds me a lot of the Bitcoin run up to $19k a few years back.
You are correct! I just plotted both for the sake of my curiosity. TSLA is a cult stock.

Image
by sk2101
Fri Jan 31, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: For those of you that include your vehicle(s) in your net worth, how do you determine its value?
Replies: 66
Views: 2665

Re: For those of you that include your vehicle(s) in your net worth, how do you determine its value?

I don't count them, but what is typically done for HNW individuals who track all assets in a balance sheet is to depreciate them straight line over 5 years - that't the IRS guideline for ADS (longer depreciation). ETA: if the value of cars is a meaningful proportion of one's net worth, I suggest ree...
by sk2101
Thu Jan 30, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Electric Scooters
Replies: 25
Views: 1852

Re: Electric Scooters

I recently got a new transfer for work, which requires me to commute to the train which is about 1.5 miles from my residence. I've been driving for the past 3 months 1.5 miles, getting to the train stop, scrambling to find a parking spot and sometimes missing my train and having to wait another 30-...
by sk2101
Wed Jan 22, 2020 5:44 pm
Forum: Personal Consumer Issues
Topic: South Florida real estate question
Replies: 10
Views: 855

Re: South Florida real estate question

I would be concerned with a house off-the street for a winter getaway. With the house unoccupied, I think there is a high likelihood of a break-in. There are several townhomes in the Hallandale area, I think that would be a safer option vs a house. I would go for one that is in a gated development w...
by sk2101
Wed Jan 22, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance went up by $240 per year.
Replies: 14
Views: 1044

Re: Car insurance went up by $240 per year.

That's why you need to work with the broker - they do the price shopping for you. Staying with any insurance company just because you have been with them for X years is a silly idea. They won't cover you any better or make any exceptions. How do I find a reputable insurance broker? This question ge...
by sk2101
Tue Jan 14, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 81174

Re: Talk me out of buying a Tesla Model 3

I wish I could find the link but just imagine having to put little gas in your cellphone or having to pull a cord to start the tiny gasoline engine on your Cuisinart blender! There *really* are (were?) those tiny engines in RC flying hobby arena where one used tiny dropper to fill them up. This was...
by sk2101
Mon Jan 13, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 8308

Re: How much car can i afford

.1% of net worth for a road bike So you need 2M for a decent road bike? Heresy. Heck, at this point my bike is worth more than my car. Each of my bikes are worth more than my car. Priorities... Just upgraded the road bike to a new $12.5K model, I guess what I save in cars and on medical bills I spe...
by sk2101
Mon Jan 13, 2020 3:58 pm
Forum: Personal Consumer Issues
Topic: Sprint service?
Replies: 19
Views: 1226

Re: Sprint service?

Had Sprint for 7 years, no complaints other than you can't use data while you are on a call (they may be solving this as they deploy nationwide LTE, but I can't vouch for it. Traveled many times to Westchester County and I don't recall having any issues with coverage. Now with ATT and I have not not...
by sk2101
Wed Jan 08, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Miami in February: last minute deals?
Replies: 3
Views: 389

Re: Miami in February: last minute deals?

Early February, like super bowl weekend?
by sk2101
Tue Jan 07, 2020 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Private Client solicitation
Replies: 5
Views: 1091

Re: Chase Private Client solicitation

YouInvest has no fees, and IIRC you get unlimited trading with a Sapphire account. You can park the money in Vanguard Money market funds there. I did it twice, for me and wife. Easy $2K. ETA: Chase kinda got me, now hat I have the sapphire checking I kind of like the perks. Not getting any penalty, ...
by sk2101
Thu Jan 02, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Quick ? On qualified dividend taxation
Replies: 6
Views: 254

Re: Quick ? On qualified dividend taxation

livesoft wrote:
Thu Jan 02, 2020 3:23 pm
sk2101 wrote:
Thu Jan 02, 2020 3:21 pm
There is no longer a 15% tax bracket. It goes from 12% to 22%.

Qualified dividends are taxed at ordinary income rates.
That will be news to the IRS:
https://apps.irs.gov/app/vita/content/g ... _1040i.pdf
Agree, I stand corrected.
by sk2101
Thu Jan 02, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Quick ? On qualified dividend taxation
Replies: 6
Views: 254

Re: Quick ? On qualified dividend taxation

There is no 15% tax bracket. It goes from 12% to 22%.

Qualified dividends are taxed at ordinary income rates.

https://taxfoundation.org/2019-tax-brackets/
by sk2101
Thu Dec 26, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 5
Views: 724

Re: Health Savings Account

Am wondering if it would be better to put more $$ in HSA now and pay outstanding bills or to just wait to pay them until next year? Thanks Assuming you have not yet met the contribution limit, you can make additional contribution up to April 15. The contributions will be deductible, you don't need ...
by sk2101
Fri Dec 20, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Have you switched from Android to iPhone? What were the pluses and minuses?
Replies: 51
Views: 4489

Re: Have you switched from Android to iPhone? What were the pluses and minuses?

I switched from Android to Iphone when the 6s came out, about 4 years ago, then switched back to Android after about 1 year. I really missed my Android phones. To me what I missed the most was the seamless integration with Google apps. I am a heavy user of gmail/google docs/google drive/music/etc bo...
by sk2101
Thu Dec 19, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage.
Replies: 7
Views: 611

Re: Shopping for Mortgage.

It's been a while but I have had very good results using zillow mortgage rates search. I believe the lenders pay to be there, but nevertheless there are many to choose from and they are very competitive. The rates I got were significantly lower than any of the local banks could do, and the process m...
by sk2101
Thu Dec 19, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Best Compact Luxury Car < $35k... Acura ILX?
Replies: 17
Views: 1727

Re: Best Compact Luxury Car < $35k... Acura ILX?

The new ILX Is the ideal size for a commuter car. It is the same size as a 2005 Honda accord. The new Honda Accord’s have really increased in length for the past decade. There’s really no reason for all that room in the backseat, and trunk for someone just going to work every day. The TLX is > $35,...
by sk2101
Thu Dec 19, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7198

Re: Tesla Owners: Worth the hassle?

I have considered driving a Tesla but: 1. I live in a condo with one power charger on-site accepting Apple Pay for the electric cost. There are only 2 Teslas out of 135 units but as more people buy them, the charging station may be occupied. 2. I drive 650 miles round trip (hopefully non-stop) seve...
by sk2101
Thu Dec 19, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Help with Home purchase--How much to put down
Replies: 18
Views: 958

Re: Help with Home purchase--How much to put down

I don't think buying points is a wise idea. Put down as much as you feel comfortable with, leaving $10-15k or so for emergencies - you don't need more than that. Rebuild your emergency fund as appropriate - you will eventually have bigger outlays such as a new roof. Then, as you can, add additional ...
by sk2101
Tue Dec 17, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Strategy to work a deal when buying a car
Replies: 38
Views: 3234

Re: Strategy to work a deal when buying a car

There are many posts, but here's one that laid out a process In short Settle on the vehicle you want (make, model, trim, accessories) email as many dealers as possible in a driving area... for us it's 3 hours Ask for out the door pricing, all fees they will charge you refuse to talk by phone, all b...
by sk2101
Tue Dec 17, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: 2019 VW GTI or Hyundai Elantra GT N?
Replies: 43
Views: 1806

Re: 2019 VW GTI or Hyundai Elantra GT N?

I don't think that Hyundai is on the same level as VW in terms of making drivers cars, which seems to be what you are looking for. So GTI all the way. However, I would not buy a GTI with a automatic transmission, I suggest you save the money and buy a regular Golf.
by sk2101
Mon Dec 16, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: What to do? Car dilemma...
Replies: 61
Views: 3579

Re: What to do? Car dilemma...

Probably 3-series. Currently retail $4K, trade-in $2K. Read first post to understand why used Hondas and Toyotas sell for much more.
by sk2101
Sun Dec 15, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Vehicle that turns itself around at end of driveway....
Replies: 18
Views: 2875

Re: Vehicle that turns itself around at end of driveway....

BMW has a reverse assistant that is optional in some models and it will steer the car in reverse replicating the same moves it made while getting into a spot up to 50 meters. It should cover your case #2, check it out https://youtu.be/iBygTagyefw I typically dont recommend BMW for other reasons but ...
by sk2101
Sat Dec 14, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How Does Check Fraud Work?
Replies: 44
Views: 3605

Re: How Does Check Fraud Work?

All they need is your routing and account number, which they can obtain from a check you legitimately wrote. It's scary. I avoid writing checks as much as possible to keep my banking information from being out there. At my job we write hundreds of checks a week and we use a system called positive pa...
by sk2101
Fri Dec 13, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Used Commuter Car
Replies: 46
Views: 1364

Re: Used Commuter Car

We had a 2010 Fusion Hybrid that we liked so much we bought a 2018 Fusion Energi (cheaper than the Hybrid due to rebates). My mother, who doesn't care about the environment, wouldn't buy an Energi (no trunk space) but bought at 2019 Fusion Hybrid and loves it. Agree with the Fusion Hybrid suggestio...
by sk2101
Tue Dec 10, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 8308

Re: How much car can i afford

.1% of net worth for a road bike So you need 2M for a decent road bike? Heresy. Heck, at this point my bike is worth more than my car. Each of my bikes are worth more than my car. Priorities... Just upgraded the road bike to a new $12.5K model, I guess what I save in cars and on medical bills I spe...
by sk2101
Mon Dec 09, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: Auto oil change
Replies: 54
Views: 4106

Re: Auto oil change

unless you only drive short trips where the engine does not get time to properly warm-up, you don't have to worry about changing earlier.