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by Jags4186
Wed Sep 23, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: Tesla Model Y
Replies: 253
Views: 25063

Re: Tesla Model Y

I stand corrected. You can get a base model with rear wheel, lower range, and partial premium interior for around 37k + taxes. I’m assuming this is meant as being snarky? This is what base model means...it’s the same as what Honda/Toyota/etc do. The base model of any company car won’t have any of t...
by Jags4186
Wed Sep 23, 2020 7:12 am
Forum: Personal Consumer Issues
Topic: Pay Realtor Per Showing
Replies: 47
Views: 3107

Re: Pay Realtor Per Showing

This post made me laugh. The real estate agent is a sales person. If you aren’t buying they don’t have what you’re looking for. It’s their job to find you the right one. If you see enough places without buying, eventually the agent will stop returning your calls. That could be 10, 20, 50, 100 showin...
by Jags4186
Mon Sep 21, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5293

Re: Challenging a physician's bill

I think it was a poor decision to ask the doctor’s office if they are in-network vs checking on your insurance company’s website to confirm the doctor is in-network. I know, before I show up to a doctor, what the copay will be, if they are Tier 1, Tier 2, or OON providers, etc. Needless to say, I do...
by Jags4186
Mon Sep 21, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4609

Re: Reason not to rent out your old house?

If you buy a new house and you can rent out your old house for more than your monthly mortgage payment (+taxes/insurance), is there a reason WHY you shouldn't do that? Don't you get to have your mortgage paid for, have a small income stream, and hold onto the property and capture rising home equity...
by Jags4186
Mon Sep 21, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6928
Views: 460274

Re: Refinance Mega Thread

My mortgage from Wells Fargo was sold to another Bank. When i refinance, who should I ask for relevant documents if needed? Wells Fargo is still serving my mortgage per the letter i received from them a while ago. I can still log into Wells fargo website to get the mortgage statement. The only docu...
by Jags4186
Mon Sep 21, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Home Listing Mess-Up
Replies: 27
Views: 2794

Re: Home Listing Mess-Up

I choice my current one because he was from Redfin with a lower commission. This explains a lot of the situation. If you’re going to pay 15-25% of the commission vs a standard realtor, expect 15-25% of the effort. I.E. the cut rate comes with additional work for you. You should have been on top of ...
by Jags4186
Mon Sep 21, 2020 9:49 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 71
Views: 3918

Re: What can I expect from new golf clubs

Cheez-It Guy wrote: Sun Sep 20, 2020 11:12 am Image
Is anyone a marine biologist?!
by Jags4186
Sat Sep 19, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: bought upright Steinway "festival piano" sight unseen
Replies: 12
Views: 1252

Re: bought upright Steinway "festival piano" sight unseen

You could cancel the sale and buy yourself a Yamaha U1, an equal if not better piano, for well under half the price.

$30k for an upright is insane to me.
by Jags4186
Sat Sep 19, 2020 7:30 am
Forum: Investing - Theory, News & General
Topic: Chris Hogan's Facebook Group restrictions
Replies: 52
Views: 3487

Re: Chris Hogan's Facebook Group restrictions

Why would you even want to join that group? Most Ramsey listeners are low IQ investors. Ramsey teaches people to be low IQ investors and doesn’t believe one can or should become a high IQ investor. What use is there participating in that type of discussion? Most people think managing money is diffic...
by Jags4186
Thu Sep 17, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50710

Re: How to get over finance envy

You can believe that if you'd like. We look at statistics to describe an overall population. More often than not it's vanity and it's debt up their eyeballs. Anyway, this thread is mostly pointless. To OP: Maybe it's possible to get as much in debt as these people if you work at it hard? -TheDDC Ar...
by Jags4186
Thu Sep 17, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50710

Re: How to get over finance envy

My approach is effective, true or not. How do you know they are usually over-extended? That is your lame excuse for not being able to make as much money as others. Even if some are over-extended, it is their problem, not yours. Some people make more money than you, sometime a lot more. That is life...
by Jags4186
Thu Sep 17, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 50710

Re: How to get over finance envy

Good point. Don’t assume those who spend money on luxuries are over extended. Some people frankly are doing better than you. The neighbor who spends a ton of money might very well have a ton of cash. Move on. Be thankful for what you have. Want more? Work harder and/or smarter. Oh and no matter how...
by Jags4186
Thu Sep 17, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer
Replies: 27
Views: 2073

Re: Job Offer

This sucks. I’m so torn. OP, If your current job is safe I would encourage you to pass on this offer. You're making a lateral move in sales. Expect to have to work the same amount in order to make the same amount. That doesn't sound like a QOL difference to me. You never know the culture of a place...
by Jags4186
Wed Sep 16, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: What's Your Credit Card Rewards Strategy?

Breaking news: The CSP sign-in bonus is increased to 80k points. Congratulations to the eligible players. And a good first card for those who want to start playing. Victoria How much is this worth if you cash it in...and not use their travel portals? $800 plus the $4000 in spend giving you another ...
by Jags4186
Tue Sep 15, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: Too Many Monthly Digital Subscriptions - Time for Apple One?
Replies: 25
Views: 2527

Re: Too Many Monthly Digital Subscriptions - Time for Apple One?

We have the following: Amazon Prime: $119/yr Hulu: $1.99/mo for 12 month promotion Apple iCloud $0.99 plans x2 (this is the biggest joke, Apple just annoys you with “your iCloud storage is full” messages until you agree to give them $0.99/mo) NYTimes: $4/mo promo HBO Max: mooch Netflix: mooch I woul...
by Jags4186
Tue Sep 15, 2020 12:31 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 42
Views: 2974

Re: Struggling Over whether to Sell my Tesla Stock

Another option is to look at your initial investment, see what it would have grown to in an index investment over that time period, and move that amount from your Tesla position into an index. In other words, if your initial Tesla investment was $20k and now it’s worth $100k and instead had you put ...
by Jags4186
Tue Sep 15, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Is This a Good or Bad Time to Buy a House?
Replies: 21
Views: 2887

Re: Is This a Good or Bad Time to Buy a House?

Here’s how I see it: If housing values where you are have appreciated: Good time to sell and rent or downgrade home. If housing values where you are have decreased: Good time to upgrade or be a first time buyer. You’re in a tough spot if your a first time home buyer and homes are selling like hot ca...
by Jags4186
Tue Sep 15, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6928
Views: 460274

Re: Refinance Mega Thread

It took 10 weeks, but I did finally get my $2500 AMEX credit from Better.
by Jags4186
Mon Sep 14, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: Home Appliance Warranty - any recommendations?
Replies: 20
Views: 1050

Re: Home Appliance Warranty - any recommendations?

I used to be a no warranty guy but now on select appliances I think it makes sense. I bought a refrigerator at Costco in January this year: LG manufacturer warranty: 2 years Square trade 3 years extended warranty: $79.99 (very cheap for appliances under $1000...our fridge was $999.99 :wink: ) Costco...
by Jags4186
Mon Sep 14, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: What's Your Credit Card Rewards Strategy?

FYI if anyone is having trouble using their AMEX Shop Small offer, you can buy credit $10 at a time at egifter.com. Egifter qualifies as a Shop Small merchant. If you make ten $10 purchases, you can then combine those into one $100 gift card to a variety of merchants. My wife and I were able to get...
by Jags4186
Mon Sep 14, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: What to use Amazon digital rewards on?
Replies: 11
Views: 801

Re: What to use Amazon digital rewards on?

I often choose slower shipping and have built up $20 or so in Amazon digital rewards. Aside from the renting the occasionally movie, what else should I use it on? In particular, I have $3 expiring today and I can't figure out what to quickly use it on. I have amazon music already so I don't need to...
by Jags4186
Mon Sep 14, 2020 7:26 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: What's Your Credit Card Rewards Strategy?

FYI if anyone is having trouble using their AMEX Shop Small offer, you can buy credit $10 at a time at egifter.com. Egifter qualifies as a Shop Small merchant. If you make ten $10 purchases, you can then combine those into one $100 gift card to a variety of merchants. My wife and I were able to get ...
by Jags4186
Sun Sep 13, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: In 1994 rates rose 3% but Wellesley ended the year down only 4% the stock market that year went up about 1% can someone
Replies: 6
Views: 541

Re: In 1994 rates rose 3% but Wellesley ended the year down only 4% the stock market that year went up about 1% can some

iamblessed wrote: Sun Sep 13, 2020 1:01 pm explain to me how Wellesley did not lose more that year?

Because Wellesley is an actively traded fund and it’s bond and stock positions are not 60% total bond market 40% SP500.
by Jags4186
Fri Sep 11, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20232
Views: 2761282

Re: U.S. stocks in free fall

Fauci just said he does not really anticipate things getting back to normal until late 2021. One wonders how long high flyers can sustain these price levels (or even grow) and how long struggling industries can survive. As Siegel is fond of pointing out, more than 90% of the value of stocks is base...
by Jags4186
Fri Sep 11, 2020 12:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20232
Views: 2761282

Re: U.S. stocks in free fall

Fauci just said he does not really anticipate things getting back to normal until late 2021. One wonders how long high flyers can sustain these price levels (or even grow) and how long struggling industries can survive.
by Jags4186
Fri Sep 11, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Help with mortgage broker fee understanding
Replies: 3
Views: 296

Re: Help with mortgage broker fee understanding

Hi folks, I am trying to understand if I am getting a good deal with my mortgage broker. Im purchasing a mortgage for my first home. Loan amount: $709k 15% down at 2.99% 0 closing costs (all payed by lender credits) except for a 7500 origination fee for broker compensation that I pay at closing. Is...
by Jags4186
Thu Sep 10, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11531

Re: Should we buy a $3M+ house with parental help?

Don’t listen to the naysayers. Take the $1.5mm and buy the house.

Early 30s. $1.5mm gift. $800k income. No debt. Some people have it all.
by Jags4186
Thu Sep 10, 2020 7:08 am
Forum: Personal Consumer Issues
Topic: How to watch Football (NFL/NCAA) this Season ?
Replies: 21
Views: 1350

Re: How to watch Football (NFL/NCAA) this Season ?

I was really bummed when NFL Redzone pulled out of Sling. I used to sign up for Sling for a few months at $25/mo. Now I’ll be stuck signing up for YTTV again at $65/mo.

Oh well.

There are some less than scrupulous streams available on Reddit if you know where to look.
by Jags4186
Wed Sep 09, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Repair plasma television or get new TV?
Replies: 71
Views: 4416

Re: Repair plasma television or get new TV?

You can buy a 50” LED 4K TCL for $248. You can get a 50” 4K LED Samsung for about $300. Time to say goodbye to the plasma.
by Jags4186
Wed Sep 09, 2020 9:22 am
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6241

Re: Best way to build an emergency fund?

Fishing50 wrote: Tue Sep 08, 2020 7:40 pm
This seems perfect for you!
With a govt job, you don’t need as large of an EF.
I’d argue the opposite. Haven’t we had multiple government shutdowns and furloughs in the past few years? [OT comment removed by admin LadyGeek] I’d expect more shutdowns going forward.
by Jags4186
Tue Sep 08, 2020 7:38 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6241

Re: Best way to build an emergency fund?

Cut your $12,000/mo in expenses to $7,000/mo and you'll have $50k saved in no time. I may have overstated the expenses, we're at around $8,000/month. It's pretty simple: You make $90k, wife makes $75k, $165k total income. You save: $19,500 x3, $58,500 into 401ks and 457s and $12,000 into Roth IRAs....
by Jags4186
Tue Sep 08, 2020 4:52 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6241

Re: Best way to build an emergency fund?

Cut your $12,000/mo in expenses to $7,000/mo and you'll have $50k saved in no time.
by Jags4186
Tue Sep 08, 2020 7:22 am
Forum: Personal Investments
Topic: MPI—Indexed Universal Life Insurance Plan— Scam?
Replies: 22
Views: 1001

Re: MPI—Indexed Universal Life Insurance Plan— Scam?

Comparing these products to stocks is inappropriate and many of the posters here know it. I'm disappointed. The cash value inside these kinds of policies generally does not decrease at all. A lower return than stocks with lower volatility in returns would normally be completely acceptable since the...
by Jags4186
Mon Sep 07, 2020 9:15 pm
Forum: Personal Investments
Topic: MPI—Indexed Universal Life Insurance Plan— Scam?
Replies: 22
Views: 1001

Re: MPI—Indexed Universal Life Insurance Plan— Scam?

Hi all, So was at a fantasy football draft and someone brought up MPI Indexed Universal Life Insurance Plan and was raving about this thing... sounds like a super expensive index fund with a 10% ceilings and a 0% floor... to supercharge you earnings you borrow money to further invest... seems like ...
by Jags4186
Mon Sep 07, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: House sale quandary - under contract!
Replies: 66
Views: 8587

Re: House sale quandary - got offer from neighbor before agent listed house

I could use some advice here, because I think we're in a bit of a gray area. We are selling our house. Last week we contacted a real estate agent about selling it, but the listing has not gone up yet. She's done some prep work and the plan was to list next Saturday. In the meantime a neighbor heard...
by Jags4186
Sat Sep 05, 2020 11:00 am
Forum: Investing - Theory, News & General
Topic: Did bonds really beat stocks over the last 20 years?
Replies: 34
Views: 3634

Re: Did bonds really beat stocks over the last 20 years?

Stocks remain as risky as ever, but if stocks managed to repeat the historically low returns they had over the past 20 year period, that would likely be higher then the returns bonds are promising at current rates. Since 2000, U.S. stocks have returned about 6.4% real, remarkably close to their his...
by Jags4186
Sat Sep 05, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Did bonds really beat stocks over the last 20 years?
Replies: 34
Views: 3634

Re: Did bonds really beat stocks over the last 20 years?

In the real world, almost all investors contribute over the course of decades. These specific date snapshots are thus pretty meaningless. I think this is the wrong way to look at it. The reality is many people — especially folks on this forum — will spend as much time, if not more, spending down a ...
by Jags4186
Fri Sep 04, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Bankrupt Brother Needs Mortgage Help
Replies: 46
Views: 3757

Re: Bankrupt Brother Needs Mortgage Help

In the OP's multiple scenarios, there are hundreds of ways this can go wrong. There is only one where it can go right, by the BIL servicing the debt in the way it is outlined based on the scenario chosen. Speaking of character, is the BIL going to go behind the BK and make his creditors whole when ...
by Jags4186
Fri Sep 04, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: Great new benefits with Chase Freedom Unlimited

tj wrote: Fri Sep 04, 2020 10:31 am
What hoops? I pay $550 and they give me $800 plus the aforementioned perks.
Don’t forget the $150 annual fee for the Green card as well as the $7000 spend you’ll need to do.

But still, it’s at least $1400 in back on a $700 AF plus the perks.
by Jags4186
Fri Sep 04, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6928
Views: 460274

Re: Refinance Mega Thread

I am very bummed to report I still have not gotten my $2500 AMEX credit. I see on slickdeals many people who closed even a few days after me have gotten it. It seems that it posts when your statement closes...my statement closed today and no credit. I suppose I’ll need to wait another 6 weeks before...
by Jags4186
Fri Sep 04, 2020 7:21 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6382
Views: 590137

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Yesterday really wasn't that bad. 55/45 UPRO/TMF returned -5.28% (I had rebalanced on 9/1 so I was almost right there).

In contrast:
SP500: -3.51%
NASDAQ: -4.96%

That isn't that far off of regular equities when you consider that the portfolio is up around 50% for the year.
by Jags4186
Thu Sep 03, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19044

Re: How Much House Can We Afford in HCOL Area?

I don't know. I saw my good friend buy a house in 2009 -- they bought for $800k. It is now worth at least $1.7M. The house next to theirs is selling soon, will prob sell $1.9M. Will it be $4M in another 10 years? I can't imagine that, but I couldn't imagine their $800k home to be worth $1.7M, so wh...
by Jags4186
Thu Sep 03, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: A personal finance checklist for a couple who are about to start living together and get married soon after
Replies: 21
Views: 1899

Re: A personal finance checklist for a couple who are about to start living together and get married soon after

I mean everyone is going to have an opinion on a pre-nup. I don't think you need one except for a few circumstances: 1) Vastly different net-worths going into the marriage (say you have $5mm net worth and the potential spouse has -$100,000) 2) Second marriages where assets of one spouse are to be di...
by Jags4186
Thu Sep 03, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19044

Re: How Much House Can We Afford in HCOL Area?

I don't know. I saw my good friend buy a house in 2009 -- they bought for $800k. It is now worth at least $1.7M. The house next to theirs is selling soon, will prob sell $1.9M. Will it be $4M in another 10 years? I can't imagine that, but I couldn't imagine their $800k home to be worth $1.7M, so wh...
by Jags4186
Thu Sep 03, 2020 5:59 am
Forum: Personal Consumer Issues
Topic: How much to take down this tree?
Replies: 71
Views: 5287

Re: How much to take down this tree?

I would call your municipality or electric company because it is so close to the power lines. They may come out and have it done for free; but they won't grind down the stump. If it’s like the utility by me, they only care about the pole lines. That looks like the line to the home. They won’t do fr...
by Jags4186
Wed Sep 02, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: Great new benefits with Chase Freedom Unlimited

Do I understand this right? Keep $25k in VTI and get $550 off your Amex platinum card? The way I read it is you need $5000 monthly Direct Deposit and $25,000 cash to get the $550 credit otherwise you’ll be paying $45/mo in account maintenance fees. You also need a Morgan Stanley investment account ...
by Jags4186
Wed Sep 02, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4791
Views: 921357

Re: Great new benefits with Chase Freedom Unlimited

CSR is really a $190 annual fee, after $300 travel bonus and $60 door dash....more if you use Lyft (I haven't). $90 this year ($450 annual fee, plus $600 travel credit first year if you plan it well, since the clock re-starts Jan.1). Plus the sign-up promo points, which is really where the bang is ...
by Jags4186
Wed Sep 02, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6928
Views: 460274

Re: Refinance Mega Thread

DrGrnTum wrote: Wed Sep 02, 2020 10:03 am Closed with Better on 07/15.
Today the $2,500 bonus posted to our Amex Credit Card.
Good to know. I closed on 7/16 so I will keep fingers crossed it shows up this week.
by Jags4186
Wed Sep 02, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: Easy money baby!
Replies: 59
Views: 6854

Re: Easy money baby!

Between Tesla, Amazon, Zoom and even Kodak ... sensational headlines of soaring issues seem to be growing in frequency. kodak? seriously? it's $7.87 a share right now. Sure it shot up from $2.10 on 7/24/2020 to $33.20 on 7/29/2020, but then back down to $14.94 on 8/3/2020 and $7.87 now. high flyer ...
by Jags4186
Wed Sep 02, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33229

Re: For those with $500k-$1m in investments...

We have 18% of our liquid funds (including cash) in taxable accounts. Ages 34/35.