Search found 846 matches

by skepticalobserver
Sun Dec 17, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 48
Views: 2864

Re: Buy home with structural issues

I checked with the builder. It seems like warranty ends when there has been transfer of ownership. Do not take the word of the builder--he's an interested party after all. You need legal counsel to look at the warranty. There may regulation, case law, etc. that over-rides the warranty language. Als...
by skepticalobserver
Sat Dec 16, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin futures with Fidelity
Replies: 25
Views: 2162

Re: Bitcoin futures with Fidelity

How would you price a Bitcoin contract or determine fair value? Is there a uniform spot price? Is settlement in dollars, Bitcoin or what? The lure of a cryptocurrency is that it’s not one of them fiat currencies. Who’s taking Bitcoin as payment for goods and services? I’ve never seen payment in gold...
by skepticalobserver
Sat Dec 09, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best FEDVIP dental insurance for braces/orthodontics
Replies: 7
Views: 480

Re: Best FEDVIP dental insurance for braces/orthodontics

Have you looked at the Consumers' Checkbook Guide to federal health (and dental) plans?

https://www.checkbook.org/newhig2/AboutGuide.cfm
by skepticalobserver
Tue Dec 05, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8421

Re: Want to sell my Bitcoin, but when?

But when? Yesterday. And get paid in cash.
by skepticalobserver
Mon Nov 13, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7732

Re: GE and the myth of "safe blue-chip stocks"

nisiprius wrote:
Mon Nov 13, 2017 8:37 am
Dow 36,000,
Overlooked issues: misfeasance, malfeasance and people change their minds.

And, oh, the back-up jets.
by skepticalobserver
Sat Nov 04, 2017 9:13 am
Forum: Personal Consumer Issues
Topic: Auto Injury / Chiropractor?
Replies: 26
Views: 743

Re: Auto Injury / Chiropractor?

See a personal injury lawyer and a MD--your health is priceless.

By the way, $2,500 is peanuts. Stop talking with the insurance reps. as anything you say can be turned against you. Can't put the toothpaste back in the tube, etc.
by skepticalobserver
Thu Nov 02, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 15
Views: 1163

Re: Uninsured motorist coverage on umbrella

I specifically told him I had good health insurance, so why would I need it So lets say the uninsured motorist who hit you results in a lengthy stay in rehab. How fast would you blow thru your med insurance cap? Would you need a personal aid--for life? What, then, might be your employment prospects...
by skepticalobserver
Thu Nov 02, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 15
Views: 1163

Re: Uninsured motorist coverage on umbrella

If you are hit by an uninsured motorist and require costly medical intervention, the debt for those bills is owed by that motorist. As such, your medical insurance will refuse to pay (it's called subrogation), and if that guy is a deadbeat, you are left holding the bag unless you have UIM. [/quote ...
by skepticalobserver
Thu Nov 02, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: Robert Prechter, Elliott Wave theorist, Fox Business today
Replies: 24
Views: 1880

Re: Robert Prechter, Elliott Wave theorist, Fox Business today

Prechter for does have staying power. I was reading about the Wave in Futures magazine in 1980's. Has anybody turned a dime on this stuff (other than Bob)?
by skepticalobserver
Thu Nov 02, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Uninsured motorist coverage on umbrella
Replies: 15
Views: 1163

Re: Uninsured motorist coverage on umbrella

It may require a lawyer and/or lawsuit. Getting your carrier to pay up under U/M is like extracting teeth. In some jurisdictions bad faith denial is punished with treble damages. Excess U/M is an excellent idea. It could serve as LTC coverage for a devastating injury. My umbrella carrier (Travelers...
by skepticalobserver
Tue Oct 10, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Does anybody read the Medicare and You booklet?
Replies: 16
Views: 1071

Re: Does anybody read the Medicare and You booklet?

I would seriously browse it. If you're enrolled in Part B don't assume 100% coverage for certain tests and procedures, especially if you have chronic medical conditions (ie, diabetes) . Part B has co-pays and co-insurance. Does your medigap policy pay for them? Don't forget get your welcome to Medic...
by skepticalobserver
Sun Oct 01, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6409

Re: Question About Long Term Care

SNF care is medical services covered by health insurance like medicar This is correct and I am wrong. And, no doubt, a SNF patient will be "rehabbed" just long enough for Medicare and Medigap to hit the limit (100 days or less, depending on a lot of things, particularly your knowledge of Medicare r...
by skepticalobserver
Sat Sep 30, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6409

Re: Question About Long Term Care

But then, once you are in at an independent living level, you can transfer to higher levels of care at no extra cost. Of the CCRs I've looked into the buy-in does not include LTC, particularly for a skilled nursing facility (SKF). Whether assisted living (AL) is covered by a CCR purchase is questio...
by skepticalobserver
Thu Sep 28, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6409

Re: Question About Long Term Care

This is a premium calculator for John Hancock LTC insurance offered to federal government employees and annuitants. The premiums are not subsidized.

https://www.ltcfeds.com/ltcWeb/do/asses ... n=aoInXagC
by skepticalobserver
Thu Sep 07, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: A Thoughtful Observation about Bitcoin
Replies: 4
Views: 1504

A Thoughtful Observation about Bitcoin

From one of my favorites, “Aleph Blog,” David Merkel writes about cryptocurrencies and shorting volatility in “Where Money Goes to Die”:
http://alephblog.com/2017/09/05/where-m ... es-to-die/
by skepticalobserver
Mon Sep 04, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 11293

Re: [Bitcoin] question

"The Latest Initial Coin Offering Supporter Is ... Paris Hilton," https://www.bloomberg.com/news/articles ... ris-hilton

There it is--endorsed by someone in the know!
by skepticalobserver
Mon Sep 04, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 114
Views: 18605

Re: Becoming a Landlord: My Experiences

In my experience, units near college campuses, military bases, or areas popular with young professionals in their 20's, have good demand As regards renting to military personnel (as well as non-military spouses), is the limited civil immunity provided under the Servicemembers Civil Relief Act (form...
by skepticalobserver
Mon Sep 04, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 11293

Re: [Bitcoin] question

"Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal," https://www.bloomberg.com/news/articles ... re-illegal

Cryptocurrency liquidity dropped by around a billion and a third. Not so good for the spread...
by skepticalobserver
Tue Aug 29, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: House purchase under contract. Nervous about each step.
Replies: 9
Views: 1092

Re: House purchase under contract. Nervous about each step.

Like most jurisdictions, NJ mandates that money escrowed by attorneys be placed in state authorized banks that offer IOLTA (Interest On Lawyer Trust Accounts)., http://www.ioltanj.org/ Every year, at least where I'm licensed to practice, the bar requires lawyers to certify the existence of such acco...
by skepticalobserver
Wed Aug 23, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: "Verizon Up" rewards program - any insight?
Replies: 5
Views: 983

Re: "Verizon Up" rewards program - any insight?

I got an email on that today. With Verizon it's heads they win, tails you lose. I hit delete and I don't bother to analyze their offer.
by skepticalobserver
Tue Aug 22, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 35529

Re: What is Bitcoin?

Bitcoin, or all of the other cryptocurrencies for that matter, is a form of "hard" money. Never mind that for this stuff to be worth anything it has to be valued in dollars or some other fiat currency.

What about a currency valued in moon dust? It's difficult and expensive to mine--so far, at least.
by skepticalobserver
Sun Aug 06, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2694
Views: 863546

Re: What Book Are You Currently Reading? Part VI

"The Warden" by Anthony Trollope. A Victorian author, so it's dated. Very well written and he's an excellent observer of human behavior.
by skepticalobserver
Sat Jul 22, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 60
Views: 3518

Re: Commuters (that drive), what do you listen to?

Mostly NPR programming: ATC, Morning Edition, Marketplace. Evening repeats of 1-A.
by skepticalobserver
Sat Jul 22, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: NYT Medicaid Article
Replies: 16
Views: 2721

NYT Medicaid Article

A thoughtful discussion on LTC and Medicaid, "The Ethics of Adjusting Your Assets to Qualify for Medicaid," https://www.nytimes.com/2017/07/21/your-money/estate-planning/the-ethics-of-adjusting-your-assets-to-qualify-for-medicaid.html?rref=collection%2Ftimestopic%2FMedicaid&action=click&contentColle...
by skepticalobserver
Thu Jul 20, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 6284

Re: Can real estate investing be relatively "hands off"?

I’m wondering if anyone here owns properties that are as low maintenance of an investment as their index funds. For my clients, as an attorney, not possible at all. If there's such real estate animal (other than a REIT) that's all turn key and hands off, I haven't seen it. It really is tenants, toi...
by skepticalobserver
Thu Jul 20, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 39
Views: 5214

Re: My favorite CNBC program

The Profit reaffirms my belief that a prospective investor should always check the financials (hopefully, certified) first, however sympathetic fund seekers appear to be. Some of these people are conveniently forgetful about foreclosures, judgements and the like.
by skepticalobserver
Thu Jul 20, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 39
Views: 5214

Re: My favorite CNBC program

I enjoy The Profit. I wonder, however, where Marcus' investment funds come from. Are they personal or is he investing on behalf of recently IPO'd Camping World (CWH), of which he is chairman and CEO?
by skepticalobserver
Mon Jul 17, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Your house can bypass probate in Virginia--true?
Replies: 20
Views: 1480

Re: Your house can bypass probate in Virginia--true?

Lastrun wrote:I don't think the TOD is a no brainer
I'm sensitive to the issues you raise. The operative part of my remarks was "everything else being equal."

It's my understanding that a major reason the MD legislature took a pass on real estate TODs was loss of transfer tax revenue.
by skepticalobserver
Mon Jul 17, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: israeli bonds
Replies: 2
Views: 440

Re: israeli bonds

About 25 years ago a full service broker redeemed them for me. If you have a broker, full service or discount, call and ask.
by skepticalobserver
Sun Jul 16, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Your house can bypass probate in Virginia--true?
Replies: 20
Views: 1480

Re: Your house can bypass probate in Virginia--true?

"Pros and Cons of Revocable Transfer-on-Death Deeds in Virginia," https://insightlaw.net/news/bobbys-blog ... n-virginia

Everything else being equal if you want to avoid probate TOD is a no brainer.
by skepticalobserver
Wed Jul 12, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 8294

Re: Personal loan to a family member

The legal mechanics of recovering money can get nasty and expensive. Might setting up a first mortgage involve HUD disclosures and the nightmares to follow if you don't dot the "i's," etc. You mention that this prospect has "overruns" on construction. Why wouldn't you be his next overrun? Gift money...
by skepticalobserver
Wed Jul 12, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Online Trading Academy
Replies: 26
Views: 1869

Re: Online Trading Academy

If you sincerely want to be rich become a floor broker and front-run the retail paper--that is, if you can find the handful of trading pits extant.
by skepticalobserver
Wed Jul 12, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Online Trading Academy
Replies: 26
Views: 1869

Re: Online Trading Academy

His reasons for giving the speech may be self promotion, but he describes how this "trading education" scam works in most places, including how it's slightly different here in the US. "The Brit" is also a former professional trader who worked for Goldman Sachs, Lehman, and JPM. I'm sure he knows ex...
by skepticalobserver
Wed Jul 12, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: Online Trading Academy
Replies: 26
Views: 1869

Re: Online Trading Academy

This is going to date me, for sure: Does anybody recall the Club 3000 newsletters? Printed on green single sheets of paper it reviewed trading programs that often sold, in the mid-1980s, for around $3000. Hope springs eternal. Of course I as never fooled into this stuff (ha).
by skepticalobserver
Wed Jul 12, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: Online Trading Academy
Replies: 26
Views: 1869

Re: Online Trading Academy

This 2 hour video is on point. It's worth every second to watch. I watched it. The Brit is pitching a $3000 or so trading education program with an opportunity for you to get a 20% rebate on the trades, up to the cost of the tuition. How manys way can you say "come on?" Yeah, he bashes the brokerag...
by skepticalobserver
Wed Jul 12, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: What to do about unresponsive attorney holding retainer
Replies: 17
Views: 2231

Re: What to do about unresponsive attorney holding retainer

you might want to consider hiring someone else and asking for a refund This may be the best way to proceed. The former attorney will be obligated to turn over the file and provide a refund with a reasonable accounting of fees incurred. If it comes to it, most sane attorneys are sensitive to bar cou...
by skepticalobserver
Tue Jul 11, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Online Trading Academy
Replies: 26
Views: 1869

Re: Online Trading Academy

I've heard the Online Training Academy infomercials out of South FL and Mid-Atlantic stations. On the face of their representations it's insane. Have you ANY IDEA the risks of futures and FOREX trading? The Academy people omit the things that are going to blow you out on your very first trade: lever...
by skepticalobserver
Tue Jul 11, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Is Medicaid eligibility based only on income or are assets included too?
Replies: 21
Views: 1819

Re: Is Medicaid eligibility based only on income or are assets included too?

cjcerny wrote:land that's worth another $150k
Depending on state Medicaid regulations if this is an income producing property it might not have to be liquidated. Some or all of the net income may have to be contributed towards care and the property would probably be subject to a Medicaid lien.
by skepticalobserver
Thu Jul 06, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: Whither MBIA?
Replies: 1
Views: 358

Whither MBIA?

This certainly harkens a new era: MBIA on the skids. ("After S&P Downgrade, MBIA to Stop Seeking New Business", http://www.barrons.com/articles/after-s-p-downgrade-mbia-to-stop-seeking-new-business-1499286890) Layoffs and, perhaps, looking for a buyer. Apparently their guarantee of PR paper is the p...
by skepticalobserver
Wed Jul 05, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3132
Views: 921971

Re: What Movie Have You Recently Watched?

"The Exception." Unless you're a fan of WW II esoteria (the exile of Kaiser Wilhelm) or you want to see Chris Plummer do his thing, I don't recommend it.
by skepticalobserver
Sun Jul 02, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Protection
Replies: 12
Views: 1471

Re: Asset Protection

Register your residence as a "homestead." In certain jurisdictions (FL and TX in particular) very large amounts of equity are exempt from civil judgements.
by skepticalobserver
Sun Jul 02, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 2799

Re: Medicaid irrevocable trust- any experiences?

Rather than planning to use an inferior option like Medicaid, they should review placing a portion of the assets in a hybrid LTC policy Inferior to what, exactly? By law Medicaid patients get the same care as self-pay. Also, the so-called hybrid LTC policies I've look at are whole life policies wit...
by skepticalobserver
Sun Jul 02, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 2799

Re: Medicaid irrevocable trust- any experiences?

FoolStreet wrote:consider that there is a 7 year lookback
This might be what Congress has in mind, but TODAY it's fives years from date of application. This is a good example why you should consult with an attorney who specializes in Medicaid matters.
by skepticalobserver
Sat Jul 01, 2017 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1214

Re: Does Quitclaim Deed prevent Title Insurance ?

ABA article discussing this issue at some length, https://www.americanbar.org/publications/probate_property_magazine_home/rppt_publications_magazine_1998_mj98rivin.html Remedy: name trustee as "additional Insured." Under subsection "Mountain or Molehill" the matter of self-dealing is implicitly disc...
by skepticalobserver
Sat Jul 01, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1214

Re: Does Quitclaim Deed prevent Title Insurance ?

This statement really doesn't make sense You're correct IF the transfer is made to one who is a beneficiary of the Trust. I . Otherwise transfers to such parties as I've described might make a title insurer think twice. The issue of self-dealing, however, is seen more frequently where title is tran...
by skepticalobserver
Sat Jul 01, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1214

Re: Does Quitclaim Deed prevent Title Insurance ?

It depends. If title is being transferred by the trustee to himself or a close associate/relative of the trustee, a title company might hesitate to write coverage based on self-dealing.
by skepticalobserver
Wed Jun 28, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 36
Views: 3945

Re: Cat teeth cleaning costs

Our vet quoted $200 for a pre-op work-up and $400 for the cleaning.

I want to shake the hands of those who can use a toothbrush. The very idea makes my cat laugh :D . She won't even let me trim her nails.
by skepticalobserver
Tue Jun 27, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: swimming goggles
Replies: 29
Views: 2436

Re: swimming goggles

I'm a daily lapper and for a long time I had difficulty finding goggles that I didn't have re-adjust every other lap. About a year ago I went to a local store that specialized in swim stuff (mainly for local swim teams) and the salesman showed me how to try on goggles to find a good fit (they had go...
by skepticalobserver
Tue Jun 27, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Dissolving Ric-E Trust
Replies: 48
Views: 5314

Re: Dissolving Ric-E Trust

Tricky RIC-E wrote: it turns out, they were just lining the pockets of the "Advisors"..
Have you thought about calling Ric out on this?

Ric's radio show nationwide schedule:

http://tunein.com/radio/options/The-Ric ... ow-p26239/