Search found 2529 matches

by Jags4186
Sun Nov 18, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 44
Views: 4043

Re: How to charge much higher than Credit Card Limit

Most if not all Visa Signature and Infinity cards have no preset spending limit. They just require payment back down to your credit limit when the statement cuts. No preset limit is not the same as no limit. The cards all have limits but yeah you can probably exceed you stated limit by some degree ...
by Jags4186
Sun Nov 18, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How to charge much higher than Credit Card Limit
Replies: 44
Views: 4043

Re: How to charge much higher than Credit Card Limit

OP, I totally get your valuation of the miles. For many years, getting a 10c per mile return was my norm. Not sure what type of Chase card you have, but IIRC, the CSR and JPMR both have a hidden trade line that can vastly exceed the published limit. You can call Chase to see what it is for you. ETA...
by Jags4186
Sat Nov 17, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: When is Too Long to Return a Hair Dryer to Costco?
Replies: 55
Views: 3030

Re: When is Too Long to Return a Hair Dryer to Costco?

I helped my mom return a 7 year old Dyson vacuum to Bed Bath and Beyond for a full $400 refund. She fortunately had kept the receipt. The manager wasn’t thrilled but did it.
by Jags4186
Thu Nov 15, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1669

Re: First grandchild

I would just caution that whatever you do for 1 grandchild you have to do for all. It might be better for you not to do this and simply give money when appropriate. 3 daughters could mean lots of grandchildren. Say you are considering putting aside $1000/yr for this grandchild. Are you comfortable p...
by Jags4186
Wed Nov 14, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: PPO or HSA
Replies: 18
Views: 1554

Re: PPO or HSA

You need to look at the premiums and see what a no use, middle use, worst case scenario looks like. In my case it only made sense to get the PPO if both my wife and me maxed out our OOP expense on the HSA. I figured it was unlikely to happen, and even in the event it did it was a $2000 penalty. Othe...
by Jags4186
Wed Nov 14, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6577

Re: Wait, do I need a prenup?

If you’re both okay with a prenup and don’t care about spending the money I don’t really see the problem with getting one. Regarding the inheritance if she keeps it in her name you almost certainly have have no claim to it. However if she uses it as a transactional account (paying for vacations, hom...
by Jags4186
Mon Nov 12, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1523

Re: Would you invest CC cashback into market??

So I have 6K sitting in my credit card cashback.. I was hoarding it to use it on gift cards which come at 20% discount. What would you guys do with it?? Should I put it in the market ??? If you can get gift cards at 20 % off that you would normally use any way, that is a good deal. If you are tryin...
by Jags4186
Mon Nov 12, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1523

Re: Would you invest CC cashback into market??

Money is fungible. $6000 sitting in your cashback account is $6000 in a 0% savings account. If you can redeem for 20% bonus on stuff you would buy anyway, then it’s a no brainer to do that. If you’re going to spend the money on stuff you otherwise wouldn’t normally do, then cashout and invest.
by Jags4186
Mon Nov 12, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11720

Re: If expenses are low, are some of us over saving?

The premise makes no sense. If you have a decent income and low expenses your savings will be high. If you have a decent income and low savings you may not have enough to retire to support your chosen lifestyle. If you’re used to going out to eat 10x a month and going on lavish vacations and driving...
by Jags4186
Sun Nov 11, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Help Me Buy A New Front Door
Replies: 16
Views: 1193

Re: Help Me Buy A New Front Door

We are too looking to replace two exterior doors. It IS very expensive, especially if you are having a new frame put in. If you are getting anything more than just a door (i.e. glass side pieces, or a double door) the prices can be astronomical. For a basic prehung door, plus installation, I think y...
by Jags4186
Sun Nov 11, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1057

Re: Do I Need A Credit Score?

Are there any credit cards that offer 3% back? Discover IT Miles offers 3% cashback for the first year of card membership, 1.5% afterwards. You can swap opening and closing this card with your spouse every other year as long as this promotion lasts. Alliant Visa Signature offers 3% cashback for the...
by Jags4186
Fri Nov 09, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Ron Baron Claims He Beats the Markets
Replies: 8
Views: 1154

Re: Ron Baron Claims He Beats the Markets

If we all invest in all the SP500 companies except the “bad” ones we’ll beat the market. What insightful commentary!
by Jags4186
Fri Nov 09, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use a Wealth Manager?
Replies: 26
Views: 3111

Re: Anyone use a Wealth Manager?

ThankYouJack wrote:
Fri Nov 09, 2018 2:39 pm
Am curious if anyone has used one in the past, what did they charge and do and do you think it was worth it?
This is an investment website for do it yourselfers. I’m sure many here have used a financial advisor in the past, but you will not find many here telling you it is or was worth it.
by Jags4186
Fri Nov 09, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14592

Re: How much money are you leaving your kids after you die?

Kids get whatever is left. I invest for my wife and me, not my kids. I will not deprive myself anything so they get more, but unless I’m extremely unlucky I likely won’t spend my last cent when I die.
by Jags4186
Fri Nov 09, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Chase points - what's the point of buying gift cards
Replies: 30
Views: 2589

Re: Chase points - what's the point of buying gift cards

If you want to use the points for purchase then cash them out and then buy the phone. This way you can shop through a cashback portal plus get cashback via the spend. There is no point in using points towards merchandise. Chase allows you buy directly at Amazon for $0.008/pt because they hope some n...
by Jags4186
Thu Nov 08, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4626

Re: Would you still jump if you were ready, then the market dropped 50%??

It’s the great paradox. If you retire and the next day the market drops 50% the 4% rule says you’re safe for 30 years. If the market drops 50% the day before you retire you don’t have enough. There’s not really any paradox. The 4% rule gives you a high probability of success. It does not guarantee ...
by Jags4186
Thu Nov 08, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Should I demand a refund from a dentist who installed a bad crown?
Replies: 12
Views: 1349

Re: Should I demand a refund from a dentist who installed a bad crown?

If you paid with credit card file a dispute. You probably will not prevail but it at least gives you a tiny bit of negotiating power in the meantime.
by Jags4186
Thu Nov 08, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: United MileagePlus - Confused and looking for cheaper options
Replies: 26
Views: 2052

Re: United MileagePlus - Confused and looking for cheaper options

Look to travel on different days. That is a 10,000 mile per segment route. The whole trip should cost 40,000 miles and $22.40 for the two of you.
by Jags4186
Thu Nov 08, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: United MileagePlus - Confused and looking for cheaper options
Replies: 26
Views: 2052

Re: United MileagePlus - Confused and looking for cheaper options

Your post is confusing. There is no 32,000 mile award at United. What route are you trying to fly?
by Jags4186
Thu Nov 08, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4626

Re: Would you still jump if you were ready, then the market dropped 50%??

It’s the great paradox. If you retire and the next day the market drops 50% the 4% rule says you’re safe for 30 years. If the market drops 50% the day before you retire you don’t have enough. My recommendation is that if a 50% drop ruins your retirement change your AA to the point where it wouldn’t....
by Jags4186
Wed Nov 07, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11017

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

It’s more advantageous to live where you can save more absolute dollars as long as the incremental spend is solely due to living in the HCOL area and you are willing to leave that HCOL area. If your expenses are $100k a year in HCOL and you’re able to save $50k a year that is better than living in a...
by Jags4186
Tue Nov 06, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10543

Re: This man can predict when bubbles burst: time to time the market?

You have to ask yourself this question: If someone has discovered how to time the market why would they not keep this strategy secret, borrow all the money they possibly could, and be moving in and out of the market becoming fabulously wealthy? Instead they go on the news/write an article/talk in a ...
by Jags4186
Mon Nov 05, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Son has job offer in Nashville, can he survive on base of 33K
Replies: 16
Views: 2468

Re: Son has job offer in Nashville, can he survive on base of 33K

I’d keep looking or expect to have a second job like bartending. Expect to live with a roommate.
by Jags4186
Mon Nov 05, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to buy house out of blue but wants us to come up with offer
Replies: 31
Views: 5290

Re: Neighbor wants to buy house out of blue but wants us to come up with offer

If you aren’t looking to sell the house and he wants to buy it tell him you’ll consider a well above market offer without buyer contingencies. Perhaps an offer 30-50% over market would make it worth your wile.
by Jags4186
Mon Nov 05, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: Should I proactively replace our Indirect Hot Water Heater?
Replies: 15
Views: 928

Re: Should I proactively replace our Indirect Hot Water Heater?

I have a house with a gas furnace and an indirect water heater. My uncle is a plumber. When we bought the house he said that they aren’t most efficient units but that the water heaters last for 25-30 years because there is no direct heating on the tank. Our unit is 12 years old and I have no reason ...
by Jags4186
Sat Nov 03, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: Time to splurge. MB E class, BMW 5 or Audi 6?
Replies: 70
Views: 5978

Re: Time to splurge. MB E class, BMW 5 or Audi 6?

Time for a new car and have decided to splurge a little in our old age. We currently have a BMW series 3 with 110K miles and like it a lot. May even be doing European Delivery. Your take on 2019 MB E Class or BMW Series 5 or Audi 6?Just doing research now and will buy some time after the New Year. ...
by Jags4186
Fri Nov 02, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4000

Re: Thoughts on the New Macbook Air?

I thought a couple of years ago Apple was planning to make a 15" MacBook Air? I think that was a rumor. Apple seems to generate a lot of supposedly good rumors which never come true. A 15 inch screen would compete with MacBook Pro and go against the low power consumption the MacBook Air is known fo...
by Jags4186
Fri Nov 02, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme credit card debt
Replies: 37
Views: 4173

Re: Extreme credit card debt

$40k would be almost 50% of their take home pay. Most people cannot save half of their take home pay. I would guess less than 5% people do that. Who knows what fixed expenses they may have. You can say cut them, but it isn't always smart to break leases, sell a home or whatever to improve your cash...
by Jags4186
Fri Nov 02, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa payment
Replies: 7
Views: 538

Re: Fidelity Visa payment

These transactions aren’t instant. Fidelity is crediting your account when you hit the submit payment button and trusting the money will show up after the ACH delay.
by Jags4186
Fri Nov 02, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: An extreme example of inflation and a mortgage
Replies: 37
Views: 3189

Re: An extreme example of inflation and a mortgage

I am pushing back against the stated claim in this thread that a fixed rate mortgage “is a great inflation hedge.” Unless there is evidence that the fixed rate upon inception systematically underestimates future inflation due to some structural feature of our mortgage markets... Aren’t 30 year rate...
by Jags4186
Fri Nov 02, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Discount Tire Credit Card - Worth Doing or Overall Foolish?
Replies: 47
Views: 2965

Re: Discount Tire Credit Card - Worth Doing or Overall Foolish?

FWIW I am a repeat customer of Tire Rack. I just purchased a set of tires there for my car. 4x Kumho tires (this will be my 3rd set of Kumho tires, very happy with them). $430 with tax & delivery to a local Firestone auto. $68 to install at Firestone. I will get a $70 mail in manufacturer rebate and...
by Jags4186
Fri Nov 02, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Extreme credit card debt
Replies: 37
Views: 4173

Re: Extreme credit card debt

Hi Paul, Since you are going to adopt and that means there's no ticking clock you should look to pay off your debt before starting the adoption process. With $107k income, it will likely take 2-3 years to pay off this debt. How much do you live on per month? If you can survive on $3000/mo, you proba...
by Jags4186
Thu Nov 01, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590692

Re: What's Your Credit Card Rewards Strategy?

You should be thinking beyond just the straight cashback %. You need to calculate the value of Citi's industry leading purchase protections. Price Rewind 2 year extended warranty Return protection Purchase protection Brand name clothing (especially shoes!!!!!!), Home Depot/Lowes purchases, Amazon p...
by Jags4186
Thu Nov 01, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590692

Re: What's Your Credit Card Rewards Strategy?

You should be thinking beyond just the straight cashback %. You need to calculate the value of Citi's industry leading purchase protections. Price Rewind 2 year extended warranty Return protection Purchase protection Brand name clothing (especially shoes!!!!!!), Home Depot/Lowes purchases, Amazon p...
by Jags4186
Thu Nov 01, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590692

Re: What's Your Credit Card Rewards Strategy?

After thinking about this I'm leaning towards canceling the Citi DoubleCash more because there's no situation where it can earn as much as the BofA Premium Rewards cards. You should be thinking beyond just the straight cashback %. You need to calculate the value of Citi's industry leading purchase ...
by Jags4186
Thu Nov 01, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Bond prices drop but their yields go up??
Replies: 22
Views: 2637

Re: Bond prices drop but their yields go up??

If you have a bond with a face value of $100 that pays a 10% yield it is paying $10 a year in interest. If prevailing interest rates move up and a new bond is paying a 20% yield, you can buy a face value $50 bond to get your same $10 in interest. What happens to the $100 bond paying 10%? It’s market...
by Jags4186
Thu Nov 01, 2018 6:05 am
Forum: Personal Consumer Issues
Topic: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership
Replies: 29
Views: 1933

Re: $50 Prepaid Visa Card for Taking Test Drive at Jeep Dealership

As someone above noted regarding the gift card you likely won’t walk out of the dealership with $50 in hand. You’ll have to chase them for it. Way too much work. Why not open a checking account for a bonus instead?
by Jags4186
Thu Nov 01, 2018 5:10 am
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7176

Re: retiring abroad with savings worth 200k...

Hello. I am a single male(intent to stay single early 40's with savings around 200k all in a savings account currently. i am looking to move abroad and retire preferably puerto vallarta mexico and intent to live a modest simple life. expect my monthy expenses to be around 800-1000$ per month. wonde...
by Jags4186
Wed Oct 31, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I be financially at 39?
Replies: 42
Views: 5894

Re: Where should I be financially at 39?

It’s a pretty simple calculation with unguarranteed results. Let’s assume you have $0 today and you want to accumulate $2.5 million by the time you are 65. You are 39 today so that gives you 26 years: With a 5% return you would need to save $4076/mo to have $2.5 million at 65 With a 6% return you wo...
by Jags4186
Wed Oct 31, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Paul Merriman's 2-fund portfolio: Suggestions for small-cap funds
Replies: 15
Views: 2135

Re: Paul Merriman's 2-fund portfolio: Suggestions for small-cap funds

I’ve listened to Paul Merriman’s podcast for about 2 years. I really enjoy it. He influenced me to tilt towards small value and I hope it will pay off. That said, I am getting sort of sick of listening to his constantly changing advice. Since I’ve started listening to him he has recommended the foll...
by Jags4186
Wed Oct 31, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Luxury Sedans for around $25k used with lower miles? AWD?
Replies: 38
Views: 2656

Re: Luxury Sedans for around $25k used with lower miles? AWD?

2015 BMW 5 series fits the bill Low miles, XDrive for $25k? Unlikely There are 58 2015 528i xDrive under $25,000 listed on on Autotrader within 25 miles from my zip code. Cheapest starting at $16,500, albiet that particular one has 75,000 miles on it. At $18,955 you can get one with 41,000 miles an...
by Jags4186
Tue Oct 30, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4925

Re: Should I co-sign for relative?

Apologies for the lack of details: This is for a personal vehicle, not a work vehicle. Relative is currently leasing a luxury vehicle that is due back in a few days the current payment on it is $600/month which was paid for ontime for the past 3 years and is being given back in perfect condition. T...
by Jags4186
Tue Oct 30, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4925

Re: Should I co-sign for relative?

6 months from now

“I co-signed a $900/payment for a relative and now the car company is coming to me for payment. What should I do?”
by Jags4186
Tue Oct 30, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Kevin O'Leary: owning a car is a terrible idea
Replies: 43
Views: 3318

Re: Kevin O'Leary: owning a car is a terrible idea

That’s right. Don’t buy a car. Rent from “O’Rentals!” We only rent the finest cars with no maintenance issues. That’s O’Rentals. And make sure you purchase my new auto-ETF “O’Share” OCAR. We only invest in the finest stable automobile companies in the world. That’s OCAR.
by Jags4186
Tue Oct 30, 2018 5:42 am
Forum: Investing - Theory, News & General
Topic: Is the growing national debt a reason to diversify with international?
Replies: 33
Views: 3401

Re: Is the growing national debt a reason to diversify with international?

The debt is only a problem insomuch that it’s ever growing size causes the country causes inflation. This usually comes up through deficit spending when there is no reason to be deficit spending. The US government is not a business and is not a household so the normal thoughts of proper accounting d...
by Jags4186
Mon Oct 29, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Discount Tire Credit Card - Worth Doing or Overall Foolish?
Replies: 47
Views: 2965

Re: Discount Tire Credit Card - Worth Doing or Overall Foolish?

Why not open a card that gives you $500-$600 instead of one for $100? You could get your tires for almost free that way.
by Jags4186
Mon Oct 29, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12645

Re: Am I doing well financially?

OP, Regarding your food budget. My wife and I spend between $400 and $500/mo on groceries and $250-$300 eating out a month. We also spend between $50-$100/mo on wine. This includes going out with friends, eating out for lunch when we don’t brownbag, my penchant for buying fancy premade iced coffee t...
by Jags4186
Sun Oct 28, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7166

Re: How many miles (total) on car before buying another car ?

Toons wrote:
Sun Oct 28, 2018 12:20 pm
Hmmmm
2019 Honda Civic ,,,Touring
Thinking :mrgreen: :mrgreen: :mrgreen: :mrgreen:
For $2500 more get the Accord EX-L. It is so much more car for such a small incremental amount of money.
by Jags4186
Sun Oct 28, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7166

Re: How many miles (total) on car before buying another car ?

I’ve never bought these arguments. I am a firm believer that much of this tech is mitigating increasingly distracted driving. Don’t get me wrong, having a car that blinks when you get to close to the car in front of you, or a wheel that tugs you into your lane isn’t a bad thing, but I believe it is...
by Jags4186
Sat Oct 27, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7166

Re: How many miles (total) on car before buying another car ?

I own a Honda Civic with over 300k miles on it. I do not worry about it being stolen -- who steals such an obviously old (18 years) car? If it is stolen, I also have not lost much money. In my friend group it also yields a car which can travel to less nice parts of the city with my friends who own ...