Search found 1074 matches

by Gropes & Ray
Wed Mar 18, 2020 2:30 pm
Forum: Investing - Theory, News & General
Topic: Market keeps going down - and I'm giddy as a school girl! Anyone else?
Replies: 25
Views: 1579

Re: Market keeps going down - and I'm giddy as a school girl! Anyone else?

This not a minor correction or credit crunch that can be solved by injecting liquidity into credit markets. The loss of productivity is real; the deaths will be real; and the bankruptcies will be numerous. The volitility we are seeing is because no one can predict just how bad it will be. I am confi...
by Gropes & Ray
Tue Mar 10, 2020 9:16 am
Forum: Personal Investments
Topic: Who are getting excited with the plummeting market?
Replies: 100
Views: 10031

Re: Who are getting excited with the plummeting market?

A modest irrational dip can present a nice buying opportunity, but a genuine recession brought on by supply chain disruption and the temporary loss of labor does not excite me. We'll see which this is.
by Gropes & Ray
Mon Mar 09, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Actual Cash Money Without Extensive Paper Trail
Replies: 27
Views: 2872

Re: Actual Cash Money Without Extensive Paper Trail

Hi All, My recently deceased elderly father, maintained a safe deposit box in my name at a local bank for many years. While going through some of his papers and possessions, I found the key to the box and decided to open it. In the box was cash money and a note that indicated the money should be sh...
by Gropes & Ray
Mon Mar 09, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower recommendation
Replies: 71
Views: 2471

Re: Battery powered lawn mower recommendation

I think mine is. Kobalt (Lowes store brand). It came with 2 80v batteries, which last for about 30-40 minutes each. It has a setting where it puts a little extra juice into the engine if the grass is long/wet. It can't be beat for convenience, ease of use and low noise. Can't speak for durability ye...
by Gropes & Ray
Mon Mar 09, 2020 11:06 am
Forum: Personal Investments
Topic: Market down over 6% today
Replies: 56
Views: 5914

Re: Market down over 6% today

I left work early on Friday to play golf, even though I have a backlog of work. So I'm in a Monday-morning hell of my own design. That is causing me a lot more stress that the market.
by Gropes & Ray
Sun Mar 08, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: Would you not buy a balanced fund because bond rates are so low now? Will bogleheads always use the Total Bond fund?
Replies: 9
Views: 960

Re: Would you not buy a balanced fund because bond rates are so low now? Will bogleheads always use the Total Bond fun

Just for the record - I continue to use total bond without a corporate tilt because I am decades from retirement and my portfolio is 90% stocks.
by Gropes & Ray
Sun Mar 08, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Would you not buy a balanced fund because bond rates are so low now? Will bogleheads always use the Total Bond fund?
Replies: 9
Views: 960

Re: Would you not buy a balanced fund because bond rates are so low now? Will bogleheads always use the Total Bond fun

JB himself said that portfolios with high percentages of bonds should consider titling toward corporates to get some additional yeild because govt't was issuing so much debt it was overtaking total bond.
by Gropes & Ray
Sun Mar 08, 2020 12:52 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 25767

Re: [Why aren't forum members following the "Stay the course" approach?]

I have done nothing in response to the market going down some amount (not sure how much). Except, I did consider refinancing my mortgage.
by Gropes & Ray
Wed Feb 26, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: How will banks profit from making 30 year fixed rate mortgages?
Replies: 38
Views: 3317

Re: How will banks profit from making 30 year fixed rate mortgages?

Banks don't hold 30 year loans. They sell them and the loans get securitized into mortgage backed securities. The bank makes money off of the quick sale of the loan.
by Gropes & Ray
Wed Feb 26, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: Change 457b future contribution rate higher to stocks to buy market dip?
Replies: 3
Views: 242

Re: Change 457b future contribution rate higher to stocks to buy market dip?

If you think the stock prices are so great now, did you similarly love them in December when the market was at the same level? This isn't like a dip where these prices were unavailable over the last 10 years.
by Gropes & Ray
Wed Feb 26, 2020 8:17 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 492
Views: 41815

Re: The Calm Post - Stay the course thread.

Someone told me the stock market went down 1000 points. They didn't say Dow points or S&P points! Hilarious.

Anyway, Friday is pay day and the system will auto contribute to my retirement investments.
by Gropes & Ray
Tue Feb 25, 2020 11:29 pm
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22085

Re: What did you learn from the 2/24 sell off?

I didn't learn anything.
by Gropes & Ray
Mon Feb 24, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13448

Re: Do you ever use cash?

I remember cash! That stuff was neat. I used to love to get in birthday cards. Hardly ever see it anymore.
by Gropes & Ray
Mon Feb 24, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does Biomedical Engineering School Matter?
Replies: 94
Views: 6329

Re: Does Biomedical Engineering School Matter?

Close family member of mine has a biomedical engineering degree from a relatively prestigious institution. He found the job prospects and even grad school opportunities to be a lot worse than people with mechanical or electrical engineering degrees.
by Gropes & Ray
Fri Feb 21, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a college student save for when he graduates?
Replies: 14
Views: 1141

Re: How much should a college student save for when he graduates?

I would want to have 3 months expenses. Plus, a $1300/mo apartment will probably require around $2k in first months rent and security deposit plus fees to move in. Start with $1300 then add in the rest of your expenses. So groceries, entertainment, utilities, insurance, gas, clothes, whatever. Or ju...
by Gropes & Ray
Fri Feb 21, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't everyone own a home as a business and rent elsewhere?
Replies: 57
Views: 7294

Re: Why doesn't everyone own a home as a business and rent elsewhere?

$500k of sheltered capital gains on the sale of your primary residence?
by Gropes & Ray
Fri Feb 21, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Adding wife to house title as part of refinance
Replies: 13
Views: 1489

Re: Adding wife to house title as part of refinance

It would be great to know who will die first, or who will get sued. But isn't the sheltered capital gain in your primary home something like $500k over the basis? If your home is going to appreciate that much, good for you. You probably need some good estate planning advice.
by Gropes & Ray
Fri Feb 21, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Adding wife to house title as part of refinance
Replies: 13
Views: 1489

Re: Adding wife to house title as part of refinance

I am sharing thoughts - not legal advice. Some states give special protection against creditors if spouses jointly own a house. Usually called tenancy by the entireties. Even in states without tbe, there can be estate planning advantages to joint ownership, called joint tenancy with rights of surviv...
by Gropes & Ray
Thu Feb 20, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8112

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Darth Xanadu wrote:
Tue Feb 11, 2020 2:21 pm
Arabesque wrote:
Tue Feb 11, 2020 2:15 pm
Kids grow fast, and they change like lightening. Borrow or buy second hand as much as possible.
+1

Plenty of good, usable merchandise to be had at a fraction of the retail price.
+1 Kids require very little, and they outgrow everything quickly.
by Gropes & Ray
Wed Feb 19, 2020 6:11 pm
Forum: Investing - Theory, News & General
Topic: xkcd on stock picking
Replies: 27
Views: 3476

Re: xkcd on stock picking

JB always said the average investor gets the market average return, less fees. So the surest way to lose would be pick the fund with the highest fees!
by Gropes & Ray
Wed Feb 19, 2020 5:26 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12373

Re: Potential sue - Loss of money

When does the clock start ticking on that one year liability timeline? When the permits are issued? Project completed? Or when Certificate of Occupancy is issued? The OP might be out of luck, even if his state has the relevant protections, because this trashy ambulance-chasing lawyer no doubt knows...
by Gropes & Ray
Wed Feb 19, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12373

Re: Potential sue - Loss of money

Even if he decided to sue, wouldn't the only possible remedy be to remove the offending addition or otherwise make it meet guidelines? He wouldn't be able to claim damages - based on the OP's description, the addition sounds like it adds value to the house, thus possibly increasing overall property...
by Gropes & Ray
Wed Feb 19, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12373

Re: Potential sue - Loss of money

Real estate attorney here - sharing thoughts, not legal advice. It's worth reviewing this with a local attorney. Your county bar assiciation can probably make a referral, or you may just search the ads on findlaw. It's doubtful that any attorney could tell you definitively that your addition is safe...
by Gropes & Ray
Tue Feb 18, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Will question - 30 days or 60 days for survival of beneficiary
Replies: 5
Views: 587

Re: Will question - 30 days or 60 days for survival of beneficiary

My understanding of survival provisions is that they help avoid confusion over who died first if say, you and an heir were both in a car accident. I see no reason to care if the survival period is 5 days or 30 or 60.
by Gropes & Ray
Fri Mar 23, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 176
Views: 22902

Re: 2018 Hedge Fund contest

Please lock in my Yelp short.

Mr. Smartypants says the smart stuff* is to bet tech is going up, up, up over the long run.









*Mr. Smartypant's makes no guarantee that his smart stuff stocks will go up. Mr. Smartypants has had a lucky run, but over long term he badly trails the S&P 500.
by Gropes & Ray
Fri Mar 16, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 10797

Re: How does everyone here earn so much?

I dismiss almost all of those posts as humble-brags. Sure, someone can honestly wonder if it is optimal to invest their $350k of cash or pay down their million dollar mortgage, but I doubt it keeps them awake at night. I am more interested in helping people in the $40-$150k salary range make a finan...
by Gropes & Ray
Sat Mar 03, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 22569

Re: What was your % pay raise?

Switched jobs for about 10%. Then got a 1.3% increase after 2 months when the year rolled over. I am eligible for an additional 4% on the anniversary of my hiring day.

Still 20% below where I was in 2015.
by Gropes & Ray
Sat Feb 10, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Buying a rental house. Pay cash or mortgage?
Replies: 21
Views: 2516

Re: Buying a rental house. Pay cash or mortgage?

The IRS looks a mutual gifts between family members to determine if it is a gift or a quid pro quo. The double edged sword here is that the IRS would likely not look at this as mutual gifting if OP profits, but may also could disallow losses as a personal use.
by Gropes & Ray
Wed Feb 07, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Philadelphia and Pittsburgh local taxes
Replies: 12
Views: 1257

Re: Philadelphia and Pittsburgh local taxes

The answer is, yes, you owe local and state income taxes for the money you earned while in PA. But, I don't know exactly how much. When I lived outside of Pittsburgh but worked downtown, I seem to recall not having to pay the City's income tax because there was some sort of credit for folks who don'...
by Gropes & Ray
Wed Feb 07, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Philadelphia and Pittsburgh local taxes
Replies: 12
Views: 1257

Re: Philadelphia and Pittsburgh local taxes

I may have jumped to the conclusion that OP was a PA resident but not from Philly or Pittsburgh. PA has a 3.05% state income tax, and virtually every township and school district has a combined 1% income tax. Pittsburgh and Philly get to pile a little extra on top of the 1%. All of these jurisdictio...
by Gropes & Ray
Wed Feb 07, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Philadelphia and Pittsburgh local taxes
Replies: 12
Views: 1257

Re: Philadelphia and Pittsburgh local taxes

Pittsburgh has a 3% income tax, but I think non-residents get a break on that.
by Gropes & Ray
Sat Feb 03, 2018 9:19 am
Forum: Personal Investments
Topic: Pension or 457 plan? How do I decide which is best for me?
Replies: 2
Views: 416

Re: Pension or 457 plan? How do I decide which is best for me?

The answer to your closing question is basically yes. Is this CoPera? If so, the benefits from the employer contribution, over your 8%, generally make the pension better than taking DC. But, you have to be in CoPera for 5 years to get the pension.
by Gropes & Ray
Sun Jan 28, 2018 1:57 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 12574

Re: WSJ: Wall Street to Vanguard: We’re Not Your Doormat

Fido is charging employers .05% to include vanguard funds in their 401k offerings. I anticipate employers would rather offer more expensive funds where their employees pay the burden, so it's bad for 401k participants. Should also point out that Fido index funds are fine too. So participants may be ...
by Gropes & Ray
Wed Jan 24, 2018 10:15 am
Forum: Personal Investments
Topic: 22 yo with 70k new to investing with almost entire salary going towards savings
Replies: 22
Views: 2883

Re: 22 yo with 70k new to investing with almost entire salary going towards savings

I usually chime in to these threads with some short term investing advice. Over the next 10 years, demographics suggest you will likely get married, buy a house and even have a child or two. Cash can be a very fine way to hold any money you may spend in the coming decade.
by Gropes & Ray
Tue Jan 23, 2018 11:56 am
Forum: Personal Investments
Topic: Losing job soon but have big nest egg -- problem?
Replies: 25
Views: 5089

Re: Losing job soon but have big nest egg -- problem?

I read at first that your expenses for your 2 yr old alone were $90k! Glad I re-read that. Your problem is psychological, not financial. You could work at Wal-Mart and probably be fine. But, successful, ambitious people tend to feel the way you do. Definately get a job, but go for the job you enjoy,...
by Gropes & Ray
Tue Jan 02, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 176
Views: 22902

Re: 2018 Hedge Fund contest

Mr. Smartypants' Smart Stuff Stocks

Long on Netflix (NFLX)

Short on YELP
by Gropes & Ray
Thu Dec 07, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 247
Views: 45214

Re: 2017 hedge fund contest

Cash me out! Good news is, all my friends landed on their feet after the deal.
by Gropes & Ray
Wed Aug 23, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: starting private practice- Need advice
Replies: 6
Views: 1218

Re: starting private practice- Need advice

I'm not quite qualified to argue with a cpa on tax issues, but on liability she is wrong about an LLC. Any properly run entity should provide protection against personal liability for slip and falls. Either a PC or an LLC can be run and taxed as an S Corp. S Corp status for an LLC won't matter much ...
by Gropes & Ray
Sat Aug 05, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2936

Re: Survey ate some of my property....

Title insurance may reimburse something if the issue involves overlapping legal descriptions. If the boundary just isn't where you thought it was, but your legal description is good, it might not be covered. Also, many policies exclude anything that would be uncovered by an alta survey. Although, ov...
by Gropes & Ray
Fri Aug 04, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Survey ate some of my property....
Replies: 25
Views: 2936

Re: Survey ate some of my property....

Is your property in a plan of lots? i.e. your property description is something like "lot 7 of the blue bird meadows plan of lots filing no. 2" Or is it by metes and bounds, "starting at a point northwest of the smith monument 47 ft and thence 15 degrees north east, 98ft and thence...."? Neighboring...
by Gropes & Ray
Wed Aug 02, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 132249

Re: A poll: How much money do you need to retire?

To maintain my current lifestyle would probably take $2 million. But at 31, I would be reluctant to retire with that amount. Probably would want $3 million for cushion. In the future without student loans or mortgage or minor kids, my number would drop to around $1.5 million.
by Gropes & Ray
Wed Aug 02, 2017 4:43 pm
Forum: Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 11741

Re: Burned out at 28. Do I have enough?

Find a new job, then quit. Any gap in employment on your resume will haunt you for a long time. Trust me.
by Gropes & Ray
Wed Aug 02, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Sunroom Worth It?
Replies: 15
Views: 3268

Re: Sunroom Worth It?

Everyone else in Pittsburgh has done it, why not you? When I lived in Brighton Heights we had a huge front porch that I loved, but given the size of the house (probably 1400 sqft) I was often sorely tempted to enclose that porch. Wound up buying a bigger house in the burbs that already had a great s...
by Gropes & Ray
Thu Jul 27, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1794

Re: Short term lease to home buyer

My risk tolerance would be ok with it, but it would be right for the renter to cover the mortgage amount b/c he is causing you an expense.
by Gropes & Ray
Thu Jul 27, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2876

Re: Rental Property - Best Legal Structure?

LLC, good insurance, good accountant and good lawyers. Each property in it's own LLC. Therefore, should you get sued, the liability is limited to just the LLC, and not your other assets or properties. Here's what I do. One main LLC / corp > each separate property is in it's own LLC as a disregarded...
by Gropes & Ray
Wed Jul 26, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2876

Re: Rental Property - Best Legal Structure?

LLCs are cheap and easy to set up in most states. The trick is using the LLC properly, which means signing all leases/ contracts in the llc name, using a separate bank account for the llc and getting rent checks in the llc name. Banks are too savvy to let you get a mortgage for an llc without a pers...
by Gropes & Ray
Wed Jul 26, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 9633

Re: What are your monthly expenses?

If you have no rent, debt or health insurance premiums, then 50% makes sense. I could probably do 65% without those expenses. Here is my typical budget for a family of 4 (I am 6 years older than you). Restaurants $300.00 Gas $125.00 Loan Payment $440.00 Mortgage $1,000.00 Groceries $500.00 Utilities...
by Gropes & Ray
Tue Jul 25, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 3285

Re: Driveway On Neighbours Land

Not sure about Georgia, but in our state, if the "adverse possession" situation has continued without interruption through sequential owners, the time period for adverse possession claims can be continued throughout those ownerships. (That is NOT the actual legal terminology.) That is typical for m...
by Gropes & Ray
Tue Jul 25, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 3285

Re: Driveway On Neighbours Land

If the cost for an easement is $2,000, you don't need a real estate attorney. You simply need your checkbook, and to write a check in exchange for a recorded easement on the property. Part of home ownership is random expenses pop up from time to time, this might be one of them. Well, the checkbook ...