Search found 87 matches

by Derby
Fri Dec 15, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Skeptical Tuna hit it big, but questions remain.
Replies: 6
Views: 1580

Re: Skeptical Tuna hit it big, but questions remain.

Good Work! Right now, you and Ms. T need Long Term Disability Insurance more than Umbrella Insurance. When you have need to protect your ability to earn (human capital), use LTDI. When you need to protect your assets (financial capital), use Umbrella Insurance. You still have a lot more of A than B ...
by Derby
Thu Dec 14, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Can rental home generate small income?
Replies: 33
Views: 1681

Re: Can rental home generate small income?

One rule of thumb is that expenses will eat up 45% of your rents, before the mortgage. 1600 x 0.55 = $880 -$1000 mtg = -$120 in the hole every month. You haven't accounted for vacancy, CapEx (roof, water heater) or routine maintenance. If RE investing is something you're interested in, head on over ...
by Derby
Wed Dec 13, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3423

Re: How to deal with Micro-manager

Her manger is a micro manager and seems to throw sarcastic jokes and sentences at her all the time. This, to me, is a much bigger deal than the laptop issues. She needs to address this with him in a professional way, if at all possible. The next step is HR (hostile work environment). She could alwa...
by Derby
Wed Dec 13, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: To buy or not in the SF Bay Area (yes another one)
Replies: 24
Views: 2197

Re: To buy or not in the SF Bay Area (yes another one)

OP, Why would you spend more money on housing expense in order to get a lower quality of life? Rent. KlangFool As usual, KlangFool cuts right to the chase. You don't state the reasons why you want to buy a house. A lot of people get sucked into it because they feel it's something you're supposed to...
by Derby
Tue Dec 12, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Concert Decision and Advice
Replies: 41
Views: 2213

Re: Concert Decision and Advice

For the curious, it’s Mat Kearney. Missed the last time he was around, but wasn’t devastated or anything about it, which was another reason I gave pause this time around. Thanks for the advice so far with open expectations and concert-going. Thankfully, this isn't a budget-buster (tix+gas are less ...
by Derby
Tue Dec 12, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Concert Decision and Advice
Replies: 41
Views: 2213

Re: Concert Decision and Advice

DO IT! I've flown to another city, got picked up at airport, driven to restaurant near concert venue, ate, attended concert, slept at hotel near concert venue, then driven to airport. Back home in less than 24 hours. It was FANTASTIC! Yup, me too. More than once. :D OP, Remember that it's better to...
by Derby
Tue Dec 05, 2017 12:53 am
Forum: Investing - Theory, News & General
Topic: The "petro," a Venezuelan oil-backed cryptocurrency
Replies: 32
Views: 2270

Re: The "petro," a Venezuelan oil-backed cryptocurrency

nisiprius wrote:
Mon Dec 04, 2017 5:11 pm
And if you don't understand what an "oil-backed cryptocurrency" is, neither do I, and neither do the news organizations reporting on it.
And neither does Maduro. It's like one of his advisors said to him yesterday "PLASTICS."
by Derby
Wed Nov 29, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5481

Re: When to tell the SO about my financial situation?

[Post removed by admin LadyGeek]
Seriously. Some of the comments here (from the OP AND others) make me feel like I stumbled into a PUA/MRA forum. You clearly don't think of her as an equal partner. Do her a favor and break up with her.
by Derby
Tue Nov 28, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9055

Re: Analysis Paralysis: Can you get to the bottom of things?

********************************************************* just put it all into lifestrategy moderate growth, and be done with it for a few decades... if you dont want to ponder it further. Youll be fine. I've always thought that Lifestrategy funds were for investors who knew very little about inves...
by Derby
Tue Nov 28, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17422

Re: The fallacy of spending money on "experiences" vs hard assets

I became interested in the Native Americans (Indian tribes) in the Americas so I went to Guatemala and Peru. I wanted to go to Mexico City to learn more about the Aztecs. I could not find any tour company willing to go to Mexico City. When I was there earlier one of the tour guides told me he was m...
by Derby
Fri Nov 17, 2017 3:31 pm
Forum: Personal Consumer Issues
Topic: Dive computer recommendations
Replies: 8
Views: 753

Re: Dive computer recommendations

This Oceanic B.U.D. https://www.oceanicworldwide.com/us/computers/bud/ is a little clip-on designed to be used as a back-up computer, but there's no reason at all why it wouldn't be suitable for the recreational diver who wants something small. It actually has a pretty impressive feature set.
by Derby
Fri Nov 17, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help family of four....Do nothing?
Replies: 22
Views: 1964

Re: Investing help family of four....Do nothing?

OP--I didn't see that you answered the question of disability insurance. At your age, it arguably could be more important than having life insurance, since the odds of being disabled are greater than the odds of dying. What would happen to your family if you got into a car accident and weren't able ...
by Derby
Sat Nov 11, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: What can go wrong with multi family syndications?
Replies: 24
Views: 2695

Re: What can go wrong with multi family syndications?

To anyone interested in learning more about this kind of investing, I highly recommend this book: https://www.amazon.com/gp/product/B01IW0G0S0 Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding Sean Cook is a pseudonym for an...
by Derby
Mon Nov 06, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Anyone did tours (to Peru) with Gate 1 Travel?
Replies: 16
Views: 1505

Re: Anyone did tours (to Peru) with Gate 1 Travel?

Another thumbs up for Gate1. I went as a solo traveler to Thailand and China. I would say the demo on those tours was more 40s and up. These tours were fairly active, so the 60+ crowd on them were not the same as the 60+ folks on a Carnival cruise, for instance. There's a lot of bang for the buck in...
by Derby
Tue Sep 12, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3257

Re: Brother in College Co-Signing w/ Buddy for Duplex

Cash flow is not going to be ~500/month. He hasn't accounted for: vacancy, maintenance, capital expenditures or management.

Nope, nope, nope, nope, nope. This is a horrible idea. If he's not convinced, he should go to the library and pick up a few books on land lording first.
by Derby
Tue Sep 12, 2017 1:23 pm
Forum: Personal Consumer Issues
Topic: Need Cloud Back-Up Service For Mac
Replies: 8
Views: 1100

Re: Need Cloud Back-Up Service For Mac

I use BackBlaze and I have been very happy with the service so far.
by Derby
Wed Sep 06, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: beginning real estate investing resources
Replies: 6
Views: 656

Re: beginning real estate investing resources

Second-, third-, and fourth-ing www.biggerpockets.com

They have some excellent free e-books, webinars, and podcasts, and that and the forums will teach you everything you need to know. (If I had discovered BP before I bought my rental condos, I never would have purchased them! :oops: )
by Derby
Sun Sep 03, 2017 6:58 pm
Forum: Investing - Theory, News & General
Topic: Put These Charts On Your Wall
Replies: 11
Views: 3328

Charts to review when people say something MUST or CAN'T happen!

This excellent blog post https://pensionpartners.com/put-these-charts-on-your-wall/ covers statements such as: It can’t go to 0… Interest rates can’t possibly go any lower… Housing prices only go up… Waiting for a correction will surely enable you to buy in at a lower price… and a few others. Hilari...
by Derby
Thu Jul 06, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: tell me about real estate investment
Replies: 36
Views: 3298

Re: tell me about real estate investment

I will second the recommendation to look around www.biggerpockets.com. Go to their education pages and read the free guides and blog posts. If you decide to get into RE, you'll be glad you got educated first. Full disclosure: I sold my rental condo last week...couldn't be happier to be done with it....
by Derby
Fri Jun 16, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary designations for trust
Replies: 15
Views: 1394

Re: Beneficiary designations for trust

If neither bsteiner nor Gill is familiar with this, I'd be very, very nervous! :shock:
by Derby
Thu Jun 01, 2017 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth 401k rollover to reduce RMDs
Replies: 5
Views: 590

Re: Using Roth 401k rollover to reduce RMDs

Yes, Roth 401ks are subject to RMDs, while Roth IRAs are not. I do not know why. But this is the reason it is recommended to roll over Roth 401ks when you leave an employer, even if you are leaving the 401k in place.
by Derby
Sun May 21, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: What happens to a 1 person business if the owner dies?
Replies: 12
Views: 1882

Re: What happens to a 1 person business if the owner dies?

smitcat wrote:" I mean it's small fry in the grand scheme of things but if 30 billable hours got missed that's $10,500 in uncollected receivables."

I assume that is a typo ...
LOL, so you haven't hired an attorney lately, I presume? :mrgreen:
by Derby
Tue May 16, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to get funds in and then out of a Roth tax free after 5 years?
Replies: 15
Views: 1546

Re: How to get funds in and then out of a Roth tax free after 5 years?

If you Google "Roth Conversion Ladder", you'll find quite a few useful posts. Here's a good one to start with. http://rootofgood.com/roth-ira-conversi ... etirement/
by Derby
Mon May 15, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: How Early Is Too Early?
Replies: 14
Views: 1434

Re: Life Insurance: How Early Is Too Early?

Dominic wrote: With no dependents, disability insurance makes far more sense.
This x 1000. If all you have is human capital, you need to insure it. Given that you're more likely to be disabled young than die young, if you could only afford one, disability insurance is the better bet.
by Derby
Thu May 11, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Should I switch my home electric bill to "Time of Day" billing?
Replies: 22
Views: 2362

Re: Should I switch my home electric bill to "Time of Day" billing?

We had this type of rate many years ago when we lived in California. We ran the dishwasher and clothes dryer during off peak hours. We has a gas water heater, so that wasn't an issue. Also we lived on the coast where homes didn't need air conditioning, so we made out like bandits. Thanks PG&E. I li...
by Derby
Mon May 08, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Debt Free Scream! 174K in 53 months
Replies: 24
Views: 4036

Re: Boglehead Debt Free Scream! 174K in 53 months

That's impressive. Congratulations! Keep it up and you'll be financially independent in no time!
by Derby
Mon May 08, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: Financial Literacy
Replies: 27
Views: 2660

Re: Financial Literacy

[humbIebrag] Thought for sure I'd get 75% or so, but I only missed one for 92%! [/humblebrag]

(Didn't know the SPIA % payout for a 65 yo M)
by Derby
Fri May 05, 2017 2:54 am
Forum: Investing - Theory, News & General
Topic: Crowd funded real estate?
Replies: 36
Views: 3927

Re: Crowd funded real estate?

You should decide if you're interested in debt or equity investing. Like the difference between stocks and bonds, equity returns are greater, but so is risk. From a paperwork POV, equity investments generate K-1s. It can be a pain to find that you have to file a state return just because you investe...
by Derby
Fri May 05, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Medallion Signature for Vanguard Trust
Replies: 29
Views: 2986

Re: Medallion Signature for Vanguard Trust

I had a horrendous time with this at Vanguard. The ridiculous thing was that I was transferring the account ownership from ME to ME because I created a new Living Trust. Eventually I begged for a waiver, and it was granted. I am a Flagship client, which I am sure helped, but you might try asking.
by Derby
Thu May 04, 2017 1:16 am
Forum: Investing - Theory, News & General
Topic: Crowd funded real estate?
Replies: 36
Views: 3927

Re: Crowd funded real estate?

I have, but there's a lot of things you need to be aware of. I recommend this website to get a good overview of what's out there and what to look for. http://www.therealestatecrowdfundingreview.com/
by Derby
Sun Apr 30, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?
Replies: 16
Views: 2135

Re: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?

You're looking for a unicorn. :happy

If you want to diversify into RE, check out the professionally managed funds on CrowdStreet or Realcrowd. Owning rental real estate is a second job, not a passive investment.
by Derby
Thu Apr 27, 2017 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Equity crowdfunding/investing in tech startups
Replies: 7
Views: 922

Re: Equity crowdfunding/investing in tech startups

Sam over at Financial Samurai just published his take on this topic. The data are pretty ugly. Short answer: Don't!

http://www.financialsamurai.com/just-sa ... investing/
by Derby
Wed Apr 19, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: Medical Alert Services
Replies: 11
Views: 1073

Re: Medical Alert Services

I got my dad a system from BayAlarmMedical about a year ago. Unfortunately, he's had to use it twice, but both times it worked exactly like it was supposed to and he got the help he needed.
by Derby
Wed Apr 19, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Dividend Automatic Reinvesting Question
Replies: 6
Views: 853

Re: Quick Dividend Automatic Reinvesting Question

This has been posted quite a bit here before, but it will answer your question. Like Bob, the world's worst market timer, you will come out ahead. :D :moneybag

http://awealthofcommonsense.com/2014/02 ... ket-timer/
by Derby
Wed Apr 19, 2017 5:24 pm
Forum: Investing - Theory, News & General
Topic: Real_Estate_Crowd_Funding
Replies: 13
Views: 1591

Re: Real_Estate_Crowd_Funding

I would start by reading some of these websites: BiggerPockets has an entire forum devoted to RECF. You can get a lot of info browsing through some of the threads. https://www.biggerpockets.com/forums/520-crowdfunding-real-estate I also recommend these two websites for general education, as well as ...
by Derby
Tue Apr 18, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate dilemma -- sell it or fix and rent?
Replies: 9
Views: 1347

Re: Real estate dilemma -- sell it or fix and rent?

- current offers in the 575k area, but renovated equivalent homes listed for $750k but not selling Would you buy this house for $575 right now to fix up and sell or rent? There's your answer. Do the minimum required functional repairs and sell as is. I'm sure your mom will appreciate the nice $350K...
by Derby
Sat Apr 15, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 8328

Re: Anyone else decided not to finish med school?

My MS1 class had 3 (of 130) drop out in the first month or so. I suspect that's not a statistical outlier. There were certainly a few more that would have been happier if they had too. Another thing to consider is, if after taking a year off, he decides that he does want to pursue medicine after all...
by Derby
Tue Apr 11, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Want to confirm my retirement decision logic
Replies: 7
Views: 1083

Re: Want to confirm my retirement decision logic

I had a look at the backdoor method to convert to a Roth IRA. We could easily put $11K this year into our TRIA's and then convert it to a Roth IRA. However will I be able to withdraw the amount I've contributed through the backdoor penalty-free and tax-free if we need the money? Also, to maximise t...
by Derby
Sun Apr 09, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: 39 yrs risk adverse, just mortgage free, how to invest for self + help mom?
Replies: 10
Views: 1498

Re: 39 yrs risk adverse, just mortgage free, how to invest for self + help mom?

I know you didn't ask about this, so please forgive me, but your comments about your mother are raising all kinds of huge red flags. Is the deed to the condo in your name or hers? What if she takes out a huge HELOC and comes to you expecting you to pay it? Does she have credit cards? Does she have e...
by Derby
Sun Apr 02, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: What use are Chase UR Points (to me)
Replies: 21
Views: 2341

Re: What use are Chase UR Points (to me)

They transfer 1 to 1 to certain frequent flyer miles programs, including United. If you use them to buy international business class saver seats, they can be worth more like 3¢/point. That's how I use them.
by Derby
Sun Apr 02, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Low income. How can I buy a house in 5 years?
Replies: 45
Views: 4255

Re: Low income. How can I buy a house in 5 years?

However, I do want to own my own property as I believe renting is throwing away money that could be spent towards a mortgage or investment. There are plenty of reasons to buy your own home, but this one is usually a myth. Here's a somewhat humorous refutation: http://affordanything.com/2015/11/24/i...
by Derby
Thu Mar 30, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: Chase Credit Card Question
Replies: 18
Views: 2134

Re: Chase Credit Card Question

Yes. I have both the Preferred and Reserve cards. It's very easy to transfer your Ultimate Reward points on line, just a couple clicks.
by Derby
Thu Mar 30, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: quickest or best way to learn Spanish?
Replies: 39
Views: 3745

Re: quickest or best way to learn Spanish?

If you're interested in listening courses, I would look into Michel Thomas or Learning Spanish Like Crazy. There is also an excellent series of YT videos that are audio only called Language Transfer that would be useful to listen to while driving. And at "free" the price is right. https://www.youtub...
by Derby
Sat Mar 25, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 5097

Re: Buy a house or wait in bay area

Have you crunched your numbers through the NYT Rent vs. Buy Calculator? https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html In your situation, I would stay renting. It sounds like there are a lot of changes/uncertainty in your near future, and you don't want to be stuck with the...
by Derby
Fri Mar 24, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Searching for cash flow investment.
Replies: 21
Views: 1496

Re: Searching for cash flow investment.

If you're not familiar with the Bigger Pockets website, you should check out their education section and their forums. There's a wealth of Real Estate experience over there. https://www.biggerpockets.com/real-estate-investing
by Derby
Sat Mar 11, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: FI, early retirement at 40, how to get relevant tax advice?
Replies: 46
Views: 6330

Re: FI, early retirement at 40, how to get relevant tax advice?

Only on bogleheads.org can you find people who will say with a straight face that someone with over 3 million dollars in liquid assets can't retire. :greedy
by Derby
Thu Jan 12, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: $600,000. Now what?
Replies: 55
Views: 11444

Re: $600,000. Now what?

If you are interested in owning multi-family RE, I suggest you go over to www.biggerpockets.com and read everything you can, including their blogs, introductory materials, and the forums. You will find a wealth of eye-opening information. I second everyone's advice to take about $500,000 off the tab...
by Derby
Mon Jan 02, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Affordable home exercise
Replies: 100
Views: 9822

Re: Affordable home exercise

I highly recommend the workout videos from Fitness Blender. https://www.fitnessblender.com/videos (Also on YouTube.)

They have all types of workouts in various lengths and the production quality is excellent. And all free.