Search found 2744 matches

by Jags4186
Thu Jan 17, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 61
Views: 2959

Re: How much house can I afford (really)?

The biggest concern I have is that it doesn’t seem like you’ve saved much compared to your income. That could be because the income is new or because you’re spending a lot already. Only you know the answer but if the income is new you should look to bulk up your savings significantly for at least a ...
by Jags4186
Thu Jan 17, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3172
Views: 615488

Re: What's Your Credit Card Rewards Strategy?

Is there a way us to verify if our new Barclay Arrival card (partner of AA) IS a "chip and PIN" rather than regular "chip and signature"? Thanks. RM I believe all Barclaycards issued have chip and pin capability. No card issued in the United States is a chip and pin only card. That last sentence is...
by Jags4186
Wed Jan 16, 2019 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 187
Views: 10188

Re: Why are you NOT buying rental properties?

Leverage = bigger returns.
Leverage = bigger losses.
by Jags4186
Wed Jan 16, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 5240

Re: Gillette Mach 3 alternatives

I’ve tried Dorco, Schick, 2 blades, 3 blades, 4 blades, 5 blades, 6 blades. Nothing is as good as Gillette Fusion. Just be on the lookout for coupons and cut your shaving down from everyday to just Monday, Wednesday, Friday. I bought a pack of 20 fusion blades for just under $20 after stacking a few...
by Jags4186
Tue Jan 15, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Funniest movies of all time? Name five of your favorites...
Replies: 220
Views: 31183

Re: Funniest movies of all time? Name five of your favorites...

Trading Places
My Cousin Vinny
The Big Lebowski
Anchorman
Superbad


And although it is a “top” comedy I think the movie is hilarious:

This is the End
by Jags4186
Mon Jan 14, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 29
Views: 3718

Re: Amazon Rewards Visa -- predatory lending?

This is how credit cards work. If you carry a balance forward all new charges are immediately subject to interest charges. Instead of being outraged at American Express or Chase they should have called and asked politely for a one time fee waiver...
by Jags4186
Sun Jan 13, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: PNC 2.35% online savings
Replies: 13
Views: 1588

Re: PNC 2.35% online savings

This offer is only good if you live outside of PNC’s service area.
by Jags4186
Sun Jan 13, 2019 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4412

Re: Would your FIRE plan work had your journey started 1965?

I didn’t say unemployment was savings. You said the USA has a defined benefit plan therefore the government mandated Social Security contribution isn’t savings while in China government mandated savings is a defined contribution plan that you can withdraw from in case of unemployment. If I become em...
by Jags4186
Sun Jan 13, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Thread
Replies: 31
Views: 3551

Re: Another Home Affordability Thread

4500 square feet is huge. Really take a look at what you are buying and how it will incorporate into your lifestyle. A house with 4500 square feet usually has numerous redundant rooms, or rooms with no clear use (the infamous “bonus” room). Do you need a living room, family room, tv room, bonus room...
by Jags4186
Sun Jan 13, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Chubb’s “deductible reserve”
Replies: 6
Views: 465

Re: Understanding Chubb’s “deductible reserve”

Hurry up and break something well over $5000. I would bet your premiums are not reduced because you’ve maxed your reserve.
by Jags4186
Sun Jan 13, 2019 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4412

Re: Would your FIRE plan work had your journey started 1965?

fire4fun, 1) No, I am not from China. China average gross saving rate is higher at 40+%. That’s not true. The Chinese are savers but the number is under 30%. The 40%+ number includes their version of social security contributions. If you’re going to include that then everyone with a middle class in...
by Jags4186
Sun Jan 13, 2019 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4412

Re: Would your FIRE plan work had your journey started 1965?

OP, The facts are that the SP500 returned a positive real 0.48% CAGR over the 17 year period from 1965-1982. Pretty awful to be sure, but keep in mind that overall inflation rates are not necessarily equivalent to personal inflation rates. For example, one of the biggest increases was in costs was h...
by Jags4186
Sun Jan 13, 2019 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4412

Re: Would your FIRE plan work had your journey started 1965?

fire4fun, 1) No, I am not from China. China average gross saving rate is higher at 40+%. That’s not true. The Chinese are savers but the number is under 30%. The 40%+ number includes their version of social security contributions. If you’re going to include that then everyone with a middle class in...
by Jags4186
Sun Jan 13, 2019 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4412

Re: Would your FIRE plan work had your journey started 1965?

fire4fun, 1) No, I am not from China. China average gross saving rate is higher at 40+%. That’s not true. The Chinese are savers but the number is under 30%. The 40%+ number includes their version of social security contributions. If you’re going to include that then everyone with a middle class in...
by Jags4186
Sat Jan 12, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3172
Views: 615488

Re: What's Your Credit Card Rewards Strategy?

Is there a way us to verify if our new Barclay Arrival card (partner of AA) IS a "chip and PIN" rather than regular "chip and signature"? Thanks. RM I believe all Barclaycards issued have chip and pin capability. No card issued in the United States is a chip and pin only card. Thanks. We hope so, a...
by Jags4186
Sat Jan 12, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3172
Views: 615488

Re: What's Your Credit Card Rewards Strategy?

ResearchMed wrote:
Sat Jan 12, 2019 9:38 am
Is there a way us to verify if our new Barclay Arrival card (partner of AA) IS a "chip and PIN" rather than regular "chip and signature"?

Thanks.

RM
I believe all Barclaycards issued have chip and pin capability. No card issued in the United States is a chip and pin only card.
by Jags4186
Sat Jan 12, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: SmartPhone: Does One Exist With these Parameters
Replies: 9
Views: 859

Re: SmartPhone: Does One Exist With these Parameters

Just an FYI, almost all modern phones support hotspot functionality but the carriers can block it on their end. If hotspot isn’t included in your plan you likely will have a hard time using it without some sort of hack.
by Jags4186
Fri Jan 11, 2019 10:01 pm
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1343

Re: What is an appropriate retirement gift?

J295 wrote:
Fri Jan 11, 2019 7:43 pm
$50....
Yup! My sister and I went in on a $100 spa finder gift card. Good riddance...
by Jags4186
Fri Jan 11, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1343

Re: What is an appropriate retirement gift?

Don’t get me started on the realities of the situation. The only thing more mind boggling about the retirement gift is the announcement of “she’d like amazon gift cards as a gift” in the actual invitation. I’m thinking maybe $50... In the retiree’s defense, it is a surprise party and her children ar...
by Jags4186
Fri Jan 11, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 157
Views: 7852

Re: Getting a Mortgage when You can Pay Cash for a House

It depends on how old you are and also what your alternative with the money is. If you’ve already won the game, it likely makes little sense to take on the mortgage.
by Jags4186
Fri Jan 11, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1343

What is an appropriate retirement gift?

Hello,

I was invited to a retirement party of a cousin of mine. She is 35 years my senior. It looks like they are asking for an Amazon gift card as the gift...what is an appropriate amount to give?

Thanks!
by Jags4186
Fri Jan 11, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Ally bonus question
Replies: 26
Views: 3275

Re: Ally bonus question

Withdrawing on Jan. 15. Actually I have a c/c bill due on Jan. 14, so I will initiate a pull from the c/c that day, which hopefully won't register at the Ally end for a day or so. Through Jan 15th. . That means no withdrawals until the 16th or bonus gets reduced. "Any withdrawals prior to 01/15/19 ...
by Jags4186
Fri Jan 11, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Ally bonus question
Replies: 26
Views: 3275

Re: Ally bonus question

I would just leave the money in there until it posts. You have a CD likely earning north of 2%. What is the alternative? Moving the money elsewhere to get an extra .25%-.5% interest 30 days early? We’re talking $41 before taxes in incremental interest on a 0.5% additional interest rate boost on a $1...
by Jags4186
Fri Jan 11, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: What are the disadvantages of taking all risk on equity side?
Replies: 63
Views: 3553

Re: What are the disadvantages of taking all risk on equity side?

The risk is that you could cost yourself some nice returns while taking very tolerable risk. Over 40 years the biggest drawdown was 10% for ITT.

Image
by Jags4186
Fri Jan 11, 2019 7:49 am
Forum: Investing - Theory, News & General
Topic: Did you ever "win" big?
Replies: 133
Views: 9541

Re: Did you ever "win" big?

At a trade show one of the vendors had one of those booths where dollar bills fly around and you have to see how many you can grab in 30 seconds. I won and cashed a check for $1000. Had to send $320 of it to Uncle Sam and Uncle Tony (Sam’s cousin in New Jersey).

Still felt great.
by Jags4186
Fri Jan 11, 2019 7:29 am
Forum: Investing - Help with Personal Investments
Topic: American Funds (No Loads) vs Vanguard Index Funds
Replies: 30
Views: 2138

Re: American Funds (No Loads) vs Vanguard Index Funds

You can buy F1 shares of American Funds at Schwab. ERs in the 0.70% range and no transaction fee and no advisor fee.
by Jags4186
Thu Jan 10, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: MMORPG games
Replies: 58
Views: 4139

Re: MMORPG games

I played Ultima Online back from 1998ish until 2003/2004. That game was great because it was mostly skill based, not item based. Once UO began having special raids where you could get special enchanted equipment and better mounts I stopped playing. You just couldn’t compete with the people who playe...
by Jags4186
Thu Jan 10, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How do you manage credit card use with monthly budget
Replies: 37
Views: 2301

Re: How do you manage credit card use with monthly budget

Hello everyone, I apologize if this has been asked in the past. I just signed up with Personal Capital and I am having trouble with how to analyze monthly spending using my credit cards. My wife uses one credit card and I use a different credit card from a separate account. I like the idea of havin...
by Jags4186
Thu Jan 10, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Partially getting around SALT cap
Replies: 2
Views: 550

Re: Partially getting around SALT cap

I don’t know if anyone can answer this question since this is the first year, however, I would ask what percentage are you using? Your property taxes cover not only the home but the land your home sits on. Are you using 15% of your home as an office or are you using 2% of your property? Are you goin...
by Jags4186
Wed Jan 09, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13816

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

P.S. Also think about the inflation side of it when listening to the stories of the older folks. Your $100K cutoff is more like $50K in 1990 and $15K in 1970. To turn it around that $100K in 1990 is like $200K now and the $100K in 1970 is like $650K now. So, somebody falling under your cutoff in th...
by Jags4186
Wed Jan 09, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 51
Views: 6835

Re: It was a dip. Did you notice? The December drop is over.

I certainly noticed. Rebalanced back to my IPS on 1/2/19 which means I bought a bunch of stocks.

Cheers!
by Jags4186
Wed Jan 09, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2795

Re: Too many credit cards?

This sounds like a non problem. Cut down to 1 card, keep a 2nd as a backup, and only use it when necessary if you don’t want to use credit cards. I reject the premise that having 2 or 3 monthly credit card bills is adding complication to your life unless you have some sort of mental disability. I do...
by Jags4186
Wed Jan 09, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1178

Re: First-time homebuying

I guess what I'm a little nervous about is that we can only really put down 10%, and then have to count our 401(k) as our "emergency fund" for the 1-2 years while we recover. Is that an acceptable risk for the reward of not renting given that for those 1-2 years, we should have two income sources? ...
by Jags4186
Tue Jan 08, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: I bought a new iPad on sale...should I have?
Replies: 38
Views: 2528

Re: I bought a new iPad on sale...should I have?

I don’t even have a computer anymore. I run my life on iPad and iPhone. If I absolutely need to use a computer I can use my wife’s laptop. She uses it once a month to update our finances. I can’t fathom using a 4” screen full time.
by Jags4186
Tue Jan 08, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1178

Re: First-time homebuying

It seems to me that if the house is 3x either of your incomes that means the house is 1.5x your total income. To me it makes no sense why you wouldn’t be able to come up with 20% to avoid PMI. You should be able to save that in a few months. You should have more money than you need when you buy a h...
by Jags4186
Tue Jan 08, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1178

Re: First-time homebuying

It seems to me that if the house is 3x either of your incomes that means the house is 1.5x your total income. To me it makes no sense why you wouldn’t be able to come up with 20% to avoid PMI. You should be able to save that in a few months. You should have more money than you need when you buy a ho...
by Jags4186
Mon Jan 07, 2019 10:19 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2760

Re: Balsam Hill - Defective Christmas Tree

(yes, I'm willing to spend tens of thousands of dollars to defend the principle of this). Please send me a check for tens of thousands of dollars. I will personally arrive at your house and bring the new tree in, set it up however you want, and dispose of the faulty tree. I’ll also play with your d...
by Jags4186
Mon Jan 07, 2019 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10519

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

You are young, don’t rush. Get married—make sure that is paid for. Rent together for a year to get comfortable with the relationship. Especially important since you two don’t live together right now. You need to get comfortable with it being your plural’s money, not my money her money. Then decide h...
by Jags4186
Sat Jan 05, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7754

Re: United, American, Delta--about the same?

Your comfort will be dependent on the plane used. Older equipment tends to actually be more comfortable than newer equipment because the airlines continuously cram more seats together in plane. American is most notorious for having the worst amount of space per seat of the big 3. If comfort is what ...
by Jags4186
Sat Jan 05, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2886

Re: Does a PMI in lieu of 20% down ever make sense?

32 years old. wife and i are trying to save for our first home in the tri state area. we are somewhat opposed to buying a complete fixer upper or "starter home" but can be swayed. that said, the cost of living (and real estate, esp.) is very expensive in NY and NJ. modest homes in good areas are at...
by Jags4186
Sat Jan 05, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2886

Re: Does a PMI in lieu of 20% down ever make sense?

I have to say that Bogleheads are an interesting group. I'd say not more than 30% of my Buyers have 20% to put down on a house. (Those are usually move up Buyers). Right or wrong most people want to get on with their lives. They want a yard for kids and dogs and a place to set roots. I’m sure peopl...
by Jags4186
Fri Jan 04, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV
Replies: 44
Views: 2674

Re: New marketing twist on Extended Warranties? Cost of replacing Sensors if you wreck your new SUV

I usually tell the finance people when they try to sell the warranty “are you telling me this car is going to have $1000s of repairs once the car is 3 years old? I think I made the wrong decision on this vehicle, maybe we should cancel the contract.” It’s one of the most bizarre things. The car is a...
by Jags4186
Fri Jan 04, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3123

Re: Which iPhone: 8 or XR?

Still use my SE. What things XR that my SE can't do? I just changed SE battery at Apple recall cost. It performs like new. That’s like saying what can a brand new computer do today that one from 10 years ago couldn’t? Likely very little if you’re concerned only about the “basic” stuff but the exper...
by Jags4186
Fri Jan 04, 2019 4:44 pm
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3123

Re: Which iPhone: 8 or XR?

Still use my SE. What things XR that my SE can't do? I just changed SE battery at Apple recall cost. It performs like new. That’s like saying what can a brand new computer do today that one from 10 years ago couldn’t? Likely very little if you’re concerned only about the “basic” stuff but the exper...
by Jags4186
Fri Jan 04, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3123

Re: Which iPhone: 8 or XR?

I have Face ID on my iPad now and honestly I can’t get over how annoying Touch ID is now on my company issued iPhone 7. I literally no longer want to life a finger to unlock my phone. Talk about 1st world problems :shock: I’d go XR in a heartbeat. If you really hate the size you can try to find a di...
by Jags4186
Fri Jan 04, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Wife spends too much money on housewares / decorating stuff.
Replies: 39
Views: 1541

Re: Wife spends too much money on housewares / decorating stuff.

Is there a hoarding problem? If so then she might have a problem. If not and she just likes to buy new decorations and get rid of old ones, it seems to me perhaps you have the problem, not her. You’re spending $6500/mo and you have $2 million. You’re on track to retire 5-10 years early. Perhaps you ...
by Jags4186
Fri Jan 04, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance to buy?
Replies: 32
Views: 2422

Re: How much term life insurance to buy?

The prices listed are obviously monthly premiums. You might also ask about annual premiums. There should be some savings in total cost, if your budget can handle the large amount. When I was younger and had a young family, I made monthly payments into a money market fund and paid the premium annual...
by Jags4186
Thu Jan 03, 2019 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value - move money out of VSIAX?
Replies: 13
Views: 1404

Re: Small Cap Value - move money out of VSIAX?

I'm confused... why are Vanguards small cap funds, specifically VSMAX and VSIAX, considered bad or not as good as the other options? Thanks They aren’t bad. It’s because ‘small cap value’ isn’t a defined term. Vanguards SCV Funds have bigger companies and less deeply discounted companies than some ...
by Jags4186
Thu Jan 03, 2019 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5272

Re: Ever wonder if you are saving Too Much?

Never once have I thought “man I wish I had less money”.

You only have saved enough when you can’t think of ways to spend it.
by Jags4186
Thu Jan 03, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 145
Views: 10809

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

Leave off GPA as everyone else has said

Apply for unconventional jobs within an engineering space—small manufacturing companies could be a good place to start. You’d be surprised how many there are out there.