Search found 3889 matches

by DaftInvestor
Mon Jul 16, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: Books on Paying for College
Replies: 1
Views: 132

Re: Books on Paying for College

I found Lynn O'Shaughnessy's "The College Solution" helpful although it deals more with acceptance and where your child might be more likely to get merit aid than it does on actual financing options. It clarified a lot of the basics for me (Ivy League's give $0 in merit aid, etc.). $9.99 for Kindle ...
by DaftInvestor
Mon Jul 16, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 55
Views: 5938

Re: Amazon Prime Day 2018

Their webisite is having issues - they very nicely keep showing me an ad to see if I want to go see more of the "Dogs of Amazon". Either they are being hacked/DDOS'd or just can't handle the load. They assume showing dog pictures a more pleasure failure method than just stating Sorry without the dog...
by DaftInvestor
Mon Jul 16, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 100
Views: 5825

Re: Why own a bed?

They used to give you a metal frame for free with a box spring and mattress purchase - I've got a few of them up in the attic. Now they cost $50 brand new as someone else mentioned (Walmart.com has them for $25. $35 for "Heavy Duty"). No need to spend thousands. Why do I like a bed frame: 1) Gives t...
by DaftInvestor
Fri Jun 29, 2018 12:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 408
Views: 40212

Re: Pulled the trigger and paid off the house today

Well done and congratulations! What is your advice for us young folks who are on the brink of either paying the house off or going for a bigger, nicer home? My family and I live in a home that is a level right below "just right", but we can pay it off in about 4-5 years (before we are 40). We arent...
by DaftInvestor
Fri Jun 29, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: [Do you subscribe to Consumer Reports?]
Replies: 31
Views: 2805

Re: [Do you subscribe to Consumer Reports?]

I no longer subscribe but I have sometimes referenced them when making "certain" decisions. Back when I had a subscription I found they seemed to value Price above quality in many of their ratings. Secondarily - they can't test every item in a certain category so I often found their reviews a bit to...
by DaftInvestor
Fri Jun 29, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9697

Re: Stocks vs. rental property

Some one mentioned Detroit above - this is another great example of how quickly a real-estate market can change in any give location/city. I laughed recently as I now heard Detroit described as "an up and coming community". It seems like you can pick up the phone and call a real estate agent in abou...
by DaftInvestor
Fri Jun 29, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9697

Re: Stocks vs. rental property

Same think my mentors were advised in the 1960s, 1970s, 1980s, 1990s, 2000s, and 2010s: "Don't invest in San Diego, San Francisco, San Jose, Honolulu, etc." Guess what? Pick any year or decade until now, those coastal markets have have the BEST RETURNS (cash flow + capital appreciation) in the nati...
by DaftInvestor
Fri Jun 29, 2018 11:48 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 408
Views: 40212

Re: Pulled the trigger and paid off the house today

Congratulations.
Certainly a mortgage pay off party sounds like it is asking for trouble in a number of ways. Not only would I fear the resentment but I would also fear the expectations of others for me to start covering the dinner checks, etc.
by DaftInvestor
Fri Jun 29, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: What is your one favorite Fidelity Fund??
Replies: 58
Views: 4441

Re: What is your one favorite Fidelity Fund??

Magellan from the 1980s, under the stewardship of Peter Lynch +1 - had this one for years and it did well (Beat market for many years). I shifted to Contrafund for a number of years and Low-Priced-Stock among a few other active funds that seemed to do well Now I am a Boglehead so only have their in...
by DaftInvestor
Thu Jun 28, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 71
Views: 5273

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

I've been renting houses for decades directly through realtors so was already used to paying these fees AND any state/local taxes prior to AirBnB adding them. Note a hotel will have the taxes as well. In addition to a Cleaning fee and Service Fee, the rental places I went through in the past also re...
by DaftInvestor
Wed Jun 06, 2018 6:32 am
Forum: Personal Consumer Issues
Topic: Why am a getting a Lyft ad whenever I use Google Maps?
Replies: 14
Views: 960

Re: Why am a getting a Lyft ad whenever I use Google Maps?

Google Maps is slowly selling itself out to other corporations. I noticed a few months ago certain landmarks popping up with logos for Subway, Taco Bell, etc. instead of the normal fork icon. Also, noticed that directions now highlight certain landmarks, i.e. turn left past the Subway, turn right a...
by DaftInvestor
Tue Jun 05, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4980

Re: Best case to convert a Bogle skeptic?

You are trying to convince someone who spent their life as an ML FA that paying an ML FA is a waste of money? It certainly seems like it would be a fool's errand to me. I spent 20 years in the IT dept. of a financial advisory services firm, with an employee 401(k) plan that only recently added a co...
by DaftInvestor
Tue Jun 05, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4980

Re: Best case to convert a Bogle skeptic?

You are trying to convince someone who spent their life as an ML FA that paying an ML FA is a waste of money?
It certainly seems like it would be a fool's errand to me.
by DaftInvestor
Tue Jun 05, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Why am a getting a Lyft ad whenever I use Google Maps?
Replies: 14
Views: 960

Re: Why am a getting a Lyft ad whenever I use Google Maps?

Make sure you are hitting "Car" (or Riding) and not "Ride" when asking for directions. From a quick google search I found this: This forum response with a screenshot will clarify the issue. https://productforums.google.com/d/msg/maps/IccFedkGogA/faVPiLqUEQAJ Please notice the Driving and Rides icons...
by DaftInvestor
Tue Jun 05, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: How should I hang a hammock on vinyl sided exterior wall?
Replies: 11
Views: 831

Re: How should I hang a hammock on vinyl sided exterior wall?

We solved this problem by buying a Hammock Stand from llBean. Now I can move it to where-ever in the yard I want to take my Saturday afternoon nap :)
by DaftInvestor
Tue Jun 05, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7591

Re: Is our monthly Personal money out of line?

Back when we used to keep a budget and live by it we had no "personal money" line item. Everything you are including into whatever this personal money is used for we accounted for somewhere else (Personal hygiene, dining out, clothing, entertainment, etc.) so our number for "personal" was 0. Since y...
by DaftInvestor
Tue Jun 05, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 75
Views: 5840

Re: What is your Take Home Pay / Gross Pay ratio?

I'm not sure the results will be meaningful. Too many variables. Short term/long term disability, benefits, HSA, 401K, life insurance, people saving for a flex account etc. Not to mention variances in State Income Taxes and Local Income Taxes. I agree - I'm not sure the usefulness of knowing other'...
by DaftInvestor
Tue Jun 05, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation Help
Replies: 10
Views: 711

Re: 529 Asset Allocation Help

For the 16 year old I would go 50/50 - shifting to all bonds/cash when they graduate high school. If you are planning to spend the money over a 4 year period you actually won't spend it all for another 6 years. For the 12 year old I would probably be 70/30; shift to 50/50 when they hit 16 - then shi...
by DaftInvestor
Tue Jun 05, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4738

Re: Flight cancelled. Entitle to any compensation?

As others said - not "entitled" to compensation but you may get some if you ask. However, typically what they give you is a flight voucher that is good for 1 year. If you aren't planning on flying on that specific airline within 12 months the flight voucher will expire and your time will have been w...
by DaftInvestor
Tue Jun 05, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1771

Re: Downsize due to tax law change?

I've thought about it for a different reason - now that my kids are in college I know longer care about quality of Public Schools in my town - if I were to buy the same exact house a couple of towns away I would save thousands in Property Taxes (and also live in a lower-cost home). Of course there i...
by DaftInvestor
Tue Jun 05, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping for College Fall 2019
Replies: 32
Views: 1848

Re: Prepping for College Fall 2019

You need to keep your own records to substantiate "qualified withdrawals" from the 529. We asked our kids to use a dedicated credit card for required textbooks, etc. Keep your tuition and dormitory invoices. If your student lives off-campus, you can find the budget for room and board on the college...
by DaftInvestor
Tue May 29, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Vs Fidelity Vs Vanguard
Replies: 57
Views: 8614

Re: Schwab Vs Fidelity Vs Vanguard

I've got a taxable account, a rollover IRA account, and an active 401k account. One is with Vanguard, one with Fidelity, and one with Schwab. I personally don't see much difference - similar ERs, similar website experiences, etc. I have rarely had to use customer service for anything si can't speak...
by DaftInvestor
Wed May 23, 2018 5:49 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

3. The GAIN of the stock is long-term or short-term if HELD over more than a year, and is above the basis, regardless of qualifying or disqualifying distributions. In order for it to be a long-term GAIN it must be HELD over more than a year from PURCHASE and also be held for more than 2 years from ...
by DaftInvestor
Tue May 22, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

3. The GAIN of the stock is long-term or short-term if HELD over more than a year, and is above the basis, regardless of qualifying or disqualifying distributions. In order for it to be a long-term GAIN it must be HELD over more than a year from PURCHASE and also be held for more than 2 years from ...
by DaftInvestor
Tue May 22, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

Do you all have a max, that the 15% can be applied to? I do, and it is not very much, which would pretty much negate any value to doing this. Thanks. I currently don't work for a company with a plan but in the past I did. My max at my last company used the IRS Max Yearly limit of $25,000 but person...
by DaftInvestor
Tue May 22, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Realistically though just how many people make enough to fund one? I just see very very little use in doing one. You are talking about needing a minimum saving amount of 48,000 before it makes sense to save in one. On top of that many people who are able to save 48,000 per year may have after tax 4...
by DaftInvestor
Tue May 22, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9414

Re: Dave Ramsey it or keep low interest debt

I'd keep the car loans and pay off the mortgage (without interrupting you tax-advantaged savings). I'm surprised by how many are saying the opposite. I've gone in to buy a car with cash - after final negotiating if they offer me a 0% loan on top of everything - I take it (and I don't pay it back ear...
by DaftInvestor
Tue May 22, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

If you are in a high tax bracket (say, 32% or higher), it may be worth looking at extending the rotation period to 1 year in order to sell at long term capital gains (LTCG) rate. No, not really. The 15% discount (or whatever discount you get) at vesting is always taxed as ordinary income. Only the ...
by DaftInvestor
Tue May 22, 2018 5:30 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. Hurray for simplic...
by DaftInvestor
Tue May 22, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

C'mon now. Think most of the discussion is about prioritizing which tax efficient vehicles. And most likely applicable for new 12-22% tax brackets. If you are in 32% marginal, and have maxed most of savings vehicles, the have additional monies to save, got kids (or plans), 529 seems no brainer - es...
by DaftInvestor
Mon May 21, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. Hurray for simplic...
by DaftInvestor
Mon May 21, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

Let's assume the employee is allowed to buy ESPP with 10% of their salary and they're making $80k/yr. They are buying at 15% off of the lower price for the stock 6 months ago or today. So they are getting a min of 15% off, and presumably about half the time, more than that 15% off. In this scenario...
by DaftInvestor
Mon May 21, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

I have a lot of friends that were at Lehman when it went under - many were taking advantage of stock plans, many were granted options as compensation. All of them were out of a job at the worst possible time, when the entire industry was down it was very hard for many of them to find new roles. Som...
by DaftInvestor
Mon May 21, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by DaftInvestor
Mon May 21, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

CnC wrote:
Mon May 21, 2018 3:46 pm
For me the risks and opportunity costs of a 529 plan outweigh the benefits that's why I do not fund one.
We, as US citizens, thank you for the extra taxes :)
by DaftInvestor
Mon May 21, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

If you are in a high tax bracket (say, 32% or higher), it may be worth looking at extending the rotation period to 1 year in order to sell at long term capital gains (LTCG) rate. No, not really. The 15% discount (or whatever discount you get) at vesting is always taxed as ordinary income. Only the ...
by DaftInvestor
Mon May 21, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12657

Re: how do you tip on wine at a restaurant

I drink wine with dinner at home but always order beer with dinner when I dine out. I think that wine prices in restaurants are just too much of a rip-off, and I won't pay it. That describes me, as well. I often pay $5 to $6 for a good craft beer. I believe it costs about $2.00 to $2.20 wholesale f...
by DaftInvestor
Mon May 21, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1921

Re: When should we stop contributing to our 529?

If I were you I would stop now unless you aren't concerned with over-funding. Assuming you are in a state like mine where Tuition/Room&Board of a State University is $25K a year - and assuming your account will grow at the same rate as how much public school tuition/room/board will increase - you wi...
by DaftInvestor
Mon May 21, 2018 11:15 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 49
Views: 3162

Re: How did you fall in love with investing?

I graduated from college in 1990 - the company I worked for was in the final stage of discontinuing their pension program (big trend in the 90's with most of corporate America removing their pension programs). I fell in love with the necessity of investing because I had a Grandmother who was trying ...
by DaftInvestor
Sat May 19, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

CedarWaxWing wrote:
Sat May 19, 2018 5:23 pm
willthrill81 wrote:
Sat May 19, 2018 4:13 pm
Please be careful not to derail this thread and get it locked with conjecture about the future of higher education.
My apologies. Deleted by me.
Since the thread started in 2014 - I wouldn't worry about derailing...
by DaftInvestor
Sat May 19, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 3039

Re: What are downsides of ESPP @ 15% discount ?

It's practically money in the bank but not 100% risk free. Tha only additional item that isn't in your list that I know of is if you are subject to a blackout period that prevents you from selling after purchase. (Example - you get involved in a major upcoming event such as a merger or acquisition a...
by DaftInvestor
Sat May 19, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 48848

Re: "Why 97% of People Don't Use 529 College Savings Plans."

The OP does list out some valid negative aspects of 529 plans. But I felt they dont apply to me,. Reason being. I have already maxed out 401k, IRA, mortgage, cash balance, etc. I still have plenty monies left over. Yes of course I can and do put a good chunk of that into S&P index funds and other m...
by DaftInvestor
Sat May 19, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6307

Re: What’s your phone/internet bill?

$199 all in - includes landline, 150mbps up/down internet and TV service with nearly every channel (sports, showtime, HBO, etc.).
by DaftInvestor
Fri May 18, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3079

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by DaftInvestor
Fri May 18, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4320

Re: Surgeon salary vs owning a business salary/profit?

To answer your question: Surgeon makes more on average without a doubt since so many businesses struggle to break even. However, in business you have a chance of clearing a lot more money than a surgeon - if you work hard, have a knack for it, work your way up, and happen to be in all the right plac...
by DaftInvestor
Thu May 17, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12657

Re: how do you tip on wine at a restaurant

L I also tip on the total not the sub-total as I know some cheapskates do. It's interesting that a waiter in a high sales tax jurisdiction will get a bigger tip from you for doing the same exact thing as a waiter in low (or zero) sales tax jurisdiction would. For a $100 meal, 20% tip on the tax in ...
by DaftInvestor
Thu May 17, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 8462

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

OP: Someone above stated they shared Warren Buffet's views on Silver (and other commodities) as NOT being an investment but rather a speculation. In case you don't know what this means here is a Warren Buffet quote: “The problem with commodities is that you are betting on what someone else would pay...
by DaftInvestor
Thu May 17, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Bank Interest Rates — when will they go up?
Replies: 27
Views: 3430

Re: Bank Interest Rates — when will they go up?

It seems to be happening slowly but surely.
gsbank just went up to 1.7% percent and synchrony recently to 1.65%.
by DaftInvestor
Thu May 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4569

Re: Bed Bugs

Why not call a couple more places and tell them how many square feet the rooms are; how many square feet your house is - and get a couple more quotes over the phone?
You can then see what price is reasonable.
by DaftInvestor
Thu May 17, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 22
Views: 2335

Re: Buying I bonds - what is the purpose of Registration on TD website

Are there any common factors or situations where people decide that I bonds make sense? I currently have no I bonds, but I see some appeal. Is this for people who have all tax advantaged space filled with bonds? If so, is an extra 20k a year enough to move the needle? Aren't muni bonds in taxable e...