Search found 8538 matches

by Jack FFR1846
Sat Feb 23, 2019 8:00 am
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 134
Views: 4924

Re: bitcoin guy wants to stock market

I'm going to give you a bold, specific, clear recommendation. First, I'll tell you that I'm just another working stiff engineer who is enthusiastic in investing. 1) Open a Schwab account. Ask them for whatever bonus they're offering. No management, no fees. 2) Put all of your money into SCHB, which ...
by Jack FFR1846
Fri Feb 22, 2019 8:26 pm
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 24
Views: 2303

Re: Edward J rep is not answering my Questions

Expect front end loads of 5.95%, expense ratios around 1% and AUM fees of 1%. In general, EJ sales people don't make investing decisions or choices and likely don't know what the fees are. The mother ship chooses your dad's investments and very likely does so blindly. Get a POA. Work with Vanguard a...
by Jack FFR1846
Fri Feb 22, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I rent out my condo if HOA has some construction planned?
Replies: 7
Views: 355

Re: Should I rent out my condo if HOA has some construction planned?

If you sell the condo, you can honestly declare: "Who cares?".
by Jack FFR1846
Fri Feb 22, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Does investing actually help a company ?
Replies: 29
Views: 1472

Re: Does investing actually help a company ?

In a direct, monetary way, no.

You are not buying anything from the company whose stock you just bought. You bought the stock from Jim Bob, who thinks the stock isn't worth what you're willing to pay.
by Jack FFR1846
Fri Feb 22, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: CIT Bank reliable? They have a 2.45% Savings Account
Replies: 14
Views: 1004

Re: CIT Bank reliable? They have a 2.45% Savings Account

I have a CIT account but have zero in it now. I found it more difficult and slow compared to Ally. For high %, I use Redneck Bank at 2.5% maxed at $50k.
by Jack FFR1846
Fri Feb 22, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 69
Views: 5033

Re: How did mylife.com get my info?

I guess I'd tell you what I tell my wife. If you're on facebook, twitter, linkedIn, snapchat, instagram, you're giving your data to everyone. I'm on none of these. From public records, looking myself up (unusual last name), they got maybe 75% of the data right that they did have. The rest was eithe...
by Jack FFR1846
Fri Feb 22, 2019 9:37 am
Forum: Personal Investments
Topic: What investing strategy do you consider most ideal (two scenarios)?
Replies: 21
Views: 1314

Re: What investing strategy do you consider most ideal (two scenarios)?

swazii03 wrote:
Fri Feb 22, 2019 12:12 am
1). $1,000 on Stockpile and buy AMZN, GOOG, NFLX, TSLA.
2). $1,000 to invest in Lyft IPO which should be coming out next month.
Is this a yes/no question? Easy. The answer is no.

next?
by Jack FFR1846
Fri Feb 22, 2019 8:20 am
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 7356

Re: Beware of the Edward Jones neighborly visit.

Perhaps a suggestion to your mom to open a CD with that $30k would put the money in a safer, more difficult to wrangle away by a thief/salesman would be in order.
by Jack FFR1846
Thu Feb 21, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2682

Re: How to finance car purchase for teen

1) It's quite likely your kid is going to get in an accident. I am confused because the kids of friends and family must Be exceptional because there was one fender bender among 20 plus kids. Were they ever allowed to drive in weather that wasn't perfect? My son was driving my Wrangler Unlimited whe...
by Jack FFR1846
Thu Feb 21, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 69
Views: 5033

Re: How did mylife.com get my info?

I guess I'd tell you what I tell my wife. If you're on facebook, twitter, linkedIn, snapchat, instagram, you're giving your data to everyone. I'm on none of these. From public records, looking myself up (unusual last name), they got maybe 75% of the data right that they did have. The rest was either...
by Jack FFR1846
Thu Feb 21, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 35
Views: 3157

Re: Aging Parents & Finances

I expect on the financial side, you're not going to get your father to go to anyone. You can try if you want. On the diabetes side, if your father isn't on an insulin pump, it might be a priority to get him to consider one. This helps because it can help in regulation 24/7, unlike remembering to che...
by Jack FFR1846
Thu Feb 21, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig ideas with minimal requirements?
Replies: 86
Views: 4236

Re: Side gig ideas with minimal requirements?

Is there an escrap yard near you? If there is, since you can build computers, how about dismantling for scrap or for resale. I do this. I pick up anything from a bunch of 80's video game consoles and computers at the side of the road to complete office suites of stuff being abandoned when an office ...
by Jack FFR1846
Thu Feb 21, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: W-2 VS 1099 how to figure equal rates for part time work
Replies: 5
Views: 216

Re: W-2 VS 1099 how to figure equal rates for part time work

For a complete conversion, I'd agree with ThankYouJack to double what you get as W2 wages. For an extra gig, something less than that would work since you won't have to pay for insurance separately for the 1099 gig. I'd still say someplace north of 1.5 times your W2 wages. You're going to spend "off...
by Jack FFR1846
Thu Feb 21, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: REIT's and Rick Ferri
Replies: 19
Views: 2706

Re: REIT's and Rick Ferri

I'm very happy to see Rick say "property REITs". Why? Because anything can be called a REIT and a lot of things called REITs are invested in credit default swaps. You really need to dig into the specific REIT to see what its invested in.
by Jack FFR1846
Thu Feb 21, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a pay raise
Replies: 24
Views: 1732

Re: Negotiating a pay raise

Every raise I negotiated was either on the front end when starting a job or when I told my present employer about an offer I had and handed in my resignation. Only one time did I not have to leave, being convinced that not only would the present employer match the number, but that other job related ...
by Jack FFR1846
Thu Feb 21, 2019 10:47 am
Forum: Personal Investments
Topic: Transfer to Vanguard and medallion signature guarantee
Replies: 20
Views: 1491

Re: Transfer to Vanguard and medallion signature guarantee

I think you're putting the worry-kart before the horse. Why not start the transition with Vanguard (or whoever the "to" company is) and go from there. I mentioned that I've never, in my life needed a Medallion thingy, even though my credit union offers them for free and they're on my daily lunchtime...
by Jack FFR1846
Thu Feb 21, 2019 7:32 am
Forum: Personal Investments
Topic: Transfer to Vanguard and medallion signature guarantee
Replies: 20
Views: 1491

Re: Transfer to Vanguard and medallion signature guarantee

Ask Vanguard.

I've never had to get a medallion anything and have transferred nearly a dozen accounts over the last 10 years.
by Jack FFR1846
Wed Feb 20, 2019 3:40 pm
Forum: Personal Investments
Topic: Consulting for company I retired from?
Replies: 13
Views: 1145

Re: Consulting for company I retired from?

$500 per hour with a 100 hour minimum paid as a non-refundable retainer. You're retired. And heck....I paid that per hour to a lawyer. They don't even have to do integrals.
by Jack FFR1846
Wed Feb 20, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 111
Views: 11034

Re: Wife filled our gas engine car with diesel fuel

khh wrote:
Tue Feb 19, 2019 12:34 am
Just be glad it wasn't a Tesla.
https://www.youtube.com/watch?v=EzZ9po7GGQA
by Jack FFR1846
Wed Feb 20, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Netflix show: Can't Pay? We'll Take It Away. It will keep you on guard.
Replies: 3
Views: 1912

Re: Netflix show: Can't Pay? We'll Take It Away. It will keep you on guard.

I watched a bunch on youtube maybe 6 months ago after watching the border security series' (New Zealand, Canada, UK, US). Other youtube series' to maybe follow on with include Reponut, GTOGER and Bounty Hunter D.
by Jack FFR1846
Wed Feb 20, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Generational Wealth Transfer
Replies: 19
Views: 2025

Re: Generational Wealth Transfer

I'd think the focus should be more like my mom has told me she's done. She's saved enough and kept spending at a level where if she finds herself in a nursing home, my sister and I won't be burdened by the astronomical payments. I feel the same. So long as my kids don't have to support me, ever, tha...
by Jack FFR1846
Wed Feb 20, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I paying more taxes than expected?
Replies: 15
Views: 1190

Re: Why am I paying more taxes than expected?

Don't feel bad. 100% of Uber drivers have the same reaction. "What do you mean I have to pay both sides of payroll taxes?".
by Jack FFR1846
Wed Feb 20, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: $3k repair estimate for 2010 Audi A4 Avant
Replies: 19
Views: 956

Re: $3k repair estimate for 2010 Audi A4 Avant

I'm going to say "Dump the car". If the turbo has not recently been replaced, I predict it will need to be within weeks of having this work done. That's at least a grand. Since the car has been burning oil, the burned oil goes where? Into the catalytic converter. That will toast this thing if it has...
by Jack FFR1846
Wed Feb 20, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service is Horrible
Replies: 73
Views: 6189

Re: Vanguard Customer Service is Horrible

I called Vanguard for the first time since opening my account about 4 years ago. I own 1 position of VTMGX (developed international), all bought at the same time in a tIRA. I called to ask to convert this to VEA, the ETF equivalent. Having heard mainly on Bogleheads that this could be done as a dire...
by Jack FFR1846
Wed Feb 20, 2019 10:01 am
Forum: Personal Investments
Topic: Moving money from financial advisor...
Replies: 31
Views: 1619

Re: Moving money from financial advisor...

Would it make you feel better if the advisor required you to personally visit an office in your town and every time you spoke to them, you would have to peel off $100 bills and hand them to him for every 15 minutes you were there? Do the math to understand the $....not the % that they are taking. Th...
by Jack FFR1846
Tue Feb 19, 2019 5:55 pm
Forum: Investing - Theory, News & General
Topic: Converting Mutual Fund into ETF at Vanguard
Replies: 9
Views: 759

Re: Converting Mutual Fund into ETF at Vanguard

Different number, which I pulled from my logged in Vanguard page.

I'll call that number. Thanks for pointing that out.
by Jack FFR1846
Tue Feb 19, 2019 5:00 pm
Forum: Investing - Theory, News & General
Topic: Converting Mutual Fund into ETF at Vanguard
Replies: 9
Views: 759

Re: Converting Mutual Fund into ETF at Vanguard

I guess I didn't dream it.

Guess I'll have to call again.
by Jack FFR1846
Tue Feb 19, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: Converting Mutual Fund into ETF at Vanguard
Replies: 9
Views: 759

Converting Mutual Fund into ETF at Vanguard

I was under the impression that mutual funds with identical ETFs at Vanguard could be "converted" without leaving the market during a sell/buy cycle. I asked over secure message about this at Vanguard and was told that this conversion would have to be done from a brokerage account with a phone call ...
by Jack FFR1846
Tue Feb 19, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 896
Views: 127589

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Sorry for your experience. Guess I’m lucky. I have a 2017 CR-V EX-L AWD with the 1.5, purchased in Feb 2017 and have not had a single issue with the vehicle other than the center console not fully dimming correctly at night (fixed w/ a quick facory reset). We are a single car house so my wife and I...
by Jack FFR1846
Tue Feb 19, 2019 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's your tax filing strategy? (for commoners)
Replies: 31
Views: 1695

Re: What's your tax filing strategy? (for commoners)

I did one of my kid's taxes for him last year. This has been a 3 year quest for me to be able to do a simple tax return without mistakes (failed in year 1 and 2 both federal and state). So last year, I used Credit Karma to see what the numbers ended up as. I then used Turbo Tax that I got free from ...
by Jack FFR1846
Tue Feb 19, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Question re 1098-T
Replies: 17
Views: 662

Re: Question re 1098-T

NotWhoYouThink wrote:
Tue Feb 19, 2019 2:10 pm
I've never seen a correct 1098-T. Maybe a museum somewhere has one.

Just enter what you paid for the tax year in which you paid it.
^ this

No 1098T from our college this year.
by Jack FFR1846
Tue Feb 19, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Age 62 Selling my home .. investing my money
Replies: 3
Views: 415

Re: Age 62 Selling my home .. investing my money

If nothing else, wait to start social security until the year after you sell your house, in order to not make your tax situation eat up that small amount you'll be getting.
by Jack FFR1846
Tue Feb 19, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Joining finances - what's easiest?
Replies: 38
Views: 2037

Re: Joining finances - what's easiest?

We never hold joint credit cards because there are far more frequent flyer miles to be grabbed as bonuses on separate cards. Note one can add an authorized user on any card. Or wait for bonuses to show up. I recently "recommended" my wife, using a link on my discover card account. She applied and g...
by Jack FFR1846
Tue Feb 19, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How to repair credit due to late Bank of America payment
Replies: 33
Views: 1227

Re: How to repair credit due to late Bank of America payment

#1) Review every single credit card you have using your online account page. Be absolutely sure that every single one of them has full balance auto payment set up. If for any reason, you are not sure, either call and review the card with them or cut the card up and cancel it. I was unable to set up ...
by Jack FFR1846
Tue Feb 19, 2019 10:12 am
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 7802

Re: “Won the Game” how do you know?

When you feel that you don't want need to go to work. Fixed that for ya. Plenty of 25 year old millennials out there saying "woe is me, I want to FIRE today". They don't WANT to work, but can't afford not to. With 47 times spending in liquid assets, social security available and a small $300/mo pen...
by Jack FFR1846
Tue Feb 19, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3632

Re: My Mortage = Is it a problem?

This is one of those common questions we see here. There are 2 answers that usually get lines of pitch fork carrying members supporting: 1) Don't pay off the mortgage, invest. The stock market has always outperformed your xx% mortgage, so mathematically it makes no sense to pay off the mortgage. 2) ...
by Jack FFR1846
Tue Feb 19, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a will/trust/etc?
Replies: 58
Views: 3350

Re: Do we need a will/trust/etc?

It sounds like there's something you think your wife isn't interested in planning for with the "need to be grownups" quip but in the same post you disparage naming guardians for your kids which would be the "grownup" thing for you to do. This applies to my wife and me. We never saw anyone we knew t...
by Jack FFR1846
Mon Feb 18, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity and Schwab Expand Commission Free ETF list]
Replies: 33
Views: 2156

Re: [Fidelity and Schwab Expand Commission Free ETF list]

I think vanguard has won the "commission-feee ETF" war. They have by far the largest selection of all. The only way, I think, Fidelity or Schwab can make a move is to make vanguard ETFs commission free. That may encourage some folks to do in-kind transfer from Vanguard to Fidelity/Schwab without wo...
by Jack FFR1846
Mon Feb 18, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 73
Views: 4204

Re: Do I need a degree?

Take a class. I would recommend in person. Ask for help. Use the TA’s. I returned this way, eventually quitting and going back full time. Worked as an engineer then was sponsored by my company for my graduate degree
by Jack FFR1846
Mon Feb 18, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: fire buyer's real estate agent
Replies: 34
Views: 2519

Re: fire buyer's real estate agent

Do you understand that this “buyer’s agent” isn’t and is motivated and paid by the seller? They get a bigger commission by getting you to pay more.

If you really want that house, send an offer directly to the seller agent.
by Jack FFR1846
Mon Feb 18, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Favorite youtube channels?
Replies: 60
Views: 4599

Re: Favorite youtube channels?

GTOger, South Main Auto, Leito's Law, Doug DeMuro, Reponut, Bounty Hunter D (yah, I know.), Dave Ramsey, Taverish, VinWiki
by Jack FFR1846
Mon Feb 18, 2019 7:22 am
Forum: Personal Investments
Topic: Keep big bank or CU?
Replies: 10
Views: 770

Re: Keep big bank or CU?

I'm going to recommend a specific credit union. DCU. Why? Everything you have as pros for the bank list apply to them. They're part of the co-op network so have as many ATMs and branches by extension as all but 2 of the country's biggest banks. 6.12% interest on the first $1000 in savings, bill pay,...
by Jack FFR1846
Sun Feb 17, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: NO Gift Tax on Gifts >$15k in a Year
Replies: 20
Views: 1838

Re: NO Gift Tax on Gifts >$15k in a Year

And don't forget that State lifetime exclusions may be much lower. My state, it's $1M.
by Jack FFR1846
Sun Feb 17, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Trailer towing capacity questions
Replies: 50
Views: 2098

Re: Trailer towing capacity questions

I've towed with a bunch of vehicles. To me, wheelbase trumps all. Get a short wheelbase truck with something like an enclosed car trailer and you can expect winds to reek havoc on stability. The longer, the better. I went to a Yukon XL towing an 18' aluminum enclosed racecar trailer and an 18 foot b...
by Jack FFR1846
Sun Feb 17, 2019 1:57 pm
Forum: Personal Investments
Topic: Help - keep rental or sell and put in reit fund?
Replies: 12
Views: 663

Re: Help - keep rental or sell and put in reit fund?

The one point I would ask a question on is why the proceeds would go into a REIT fund? Reit stocks are not actual holdings of a rental home. They are just stocks that a person might or might not want a concentration in. ^ this. Although I'd recommend selling, I'd tend to put the proceeds into a tot...
by Jack FFR1846
Sun Feb 17, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5482

Re: Moved to new state/job 6M ago. Previous employer wants me back!

Uh.....no. Minimum in my mind would be $100k signing bonus and an extra $100k on salary. No....really. I'm serious.
by Jack FFR1846
Sat Feb 16, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: using uber versus buying a car
Replies: 54
Views: 3444

Re: using uber versus buying a car

I don't know what a prius prime is. I only know that when Top Gear ran a Prius vs a BMW M3 on the track, with the M3 following the prius, the M3 got better gas mileage. Anyways.....how much would gas or electricity or whatever fuels the car cost? How about maintenance, inspections, taxes? I'm not sa...
by Jack FFR1846
Sat Feb 16, 2019 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 9891

Re: What net worth supersedes Bogleheads’s strategy

Getting to really big money, you have to get it the old fashioned way. You inherit it.
by Jack FFR1846
Sat Feb 16, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Parents fell for scam: sent cash -- what now?
Replies: 46
Views: 5031

Re: Parents fell for scam: sent cash -- what now?

Locking credit will do nothing. Your parents took the steps to send money to someone. I'd think they need to be educated about all the known scams. IRS, FBI, Nigerian Prince, Bank refund, accident, arrest microsoft and other computer tech. All of these are easily demonstrated through youtube videos ...