Search found 2764 matches

by knpstr
Tue May 19, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 186
Views: 14370

Re: Optimizing PPP Forgiveness

And the way the loan amounts were structured it likely that most businesses will have some leftover. The maximum loan amount was 2.5/12 of approved expenses (payroll, rent, utilities) , but only 8/52 is potentially forgivable. Just to clarify: The maximum loan amount was 2.5/12 of payroll only (wit...
by knpstr
Sun May 17, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for Amex Blue Cash Preferred CC...
Replies: 12
Views: 1381

Re: Turned down for Amex Blue Cash Preferred CC...

Is there a question here? Or are just telling us your story about being rejected for a credit card you don't really need?
by knpstr
Sat May 16, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 60
Views: 5093

Re: Rent is increased by 6%, negotiation tips?

That strategy makes sense to me. Are you saying that you won't budge at all on a rent increase, regardless if the person is a "good" tenant or not? I live in an extremely seasonal market. Rents in the summer can easily be $600-$700 a month higher than winter. My lease ends in the winter and I have ...
by knpstr
Sat May 16, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 60
Views: 5093

Re: Rent is increased by 6%, negotiation tips?

Just a data point. Daughter and son in law in bay area got notice about six months ago of a rent increase from $4000 up to I think it was about 4500. Daughter looked at new offerings online in the same building and saw that they were going for $4000 so she said she would move to one of those units,...
by knpstr
Sat May 16, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

See, at the end of the day, there are only two types of people: those who minimize the perceived risk (e.g., actual risk is 5%, but they think it is much much lower), and those who slightly exaggerate (e.g., actual risk is 5%, but you live your life like it is 6-7%). Your wording interests me: Why ...
by knpstr
Sat May 16, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

See, at the end of the day, there are only two types of people: those who minimize the perceived risk (e.g., actual risk is 5%, but they think it is much much lower), and those who slightly exaggerate (e.g., actual risk is 5%, but you live your life like it is 6-7%). Your wording interests me: Why ...
by knpstr
Sat May 16, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

10,000 workers are all that have been infected? The US has 18,000,000 healthcare workers according to NIOSH 0.06% were infected in "High risk" (if not the highest risk) occupation? Not too bad at all. In fact I'd say that is remarkable mitigation. Again, another disingenuous and false equivalence. ...
by knpstr
Sat May 16, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

A few comments: - comparing working a customer-facing job in retail job to taking a shower is just disingenuous. Even if the chance of death was the same, why increase it? Let's say chance of death from shower for a 60 year old is 2%. There are 20 other things that have the same chance of death, an...
by knpstr
Sat May 16, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

Let’s not mistake the facts. 87000 thousand people have died from corona virus in the US. I’m not sure what you mean to imply by saying “attributed” I’m glad you are safe. I’m glad all that’s happened to you is reduced hours. It’s little solace to the 87000 who have died. As I’m sure you know, the ...
by knpstr
Sat May 16, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

Knpstr, I agree falls are quite dangerous. However, falls have not been responsible for 87,000 deaths since February 29. Perhaps you are underestimating covid’s lethality? I am already at work. It’s not safe. It’s dangerous. However, work provides us with masks, gowns, gloves, face shields, alcohol...
by knpstr
Sat May 16, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

Knpstr, Thank you for your comment. The risk of hitting your head in the shower is hardly equivalent to working during a global pandemic. To attempt to equate those is not debating in good faith. In life, a certain degree of risk is inherent and acceptable. Making the risk manageable and palatable ...
by knpstr
Sat May 16, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3337

Re: Small businesses stopping employees from getting Pandemic payments?

Cpan, I’m sorry for the current situation of your relative. It’s sad we live in a “developed” society and yet people have to choose between health and financial stability. The bogleheads forum self selects primarily affluent folks, who may or may not understand the tribulations of the people in thi...
by knpstr
Mon May 04, 2020 6:22 pm
Forum: Investing - Theory, News & General
Topic: Uh, Cramer? [urging us to dump S&P 500 index funds]
Replies: 15
Views: 2179

Re: Uh, Cramer?

Cramer is a trader/speculator, not an investor (on his show at least).
by knpstr
Wed Apr 29, 2020 6:08 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12682

Re: What explains the continued rise in equities?

What's the alternative?

For people in 20s, 30s, 40s, that largely need growth to hit their retirement goals, they more or less have to keep putting money in equities.
by knpstr
Sat Apr 25, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Unexplained Paypal PPP Loan Application Status Change
Replies: 3
Views: 1238

Re: Unexplained Paypal PPP Loan Application Status Change

I know this isn't the answer you want, (but for you or anyone else) go to a small bank on Monday. They'll get it submitted the same day, tell you you're approved 1-2 days later and have you sign the loan documents within 10 days after that. Money shows up within 15 minutes of signing final papers. G...
by knpstr
Fri Apr 24, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Failure--Part Deux
Replies: 24
Views: 1908

Re: Chase PPP Failure--Part Deux

I think this is a "fool me once shame on you, fool me twice shame on me" situation.

Everyone was telling those that tried to go through large banks the first time to go to small community banks the second time.
by knpstr
Thu Apr 23, 2020 9:28 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

That plan sounds like a great way to guarantee that more than 70% of the population will be under 54 when all is said and done... :oops: What's your ideal plan? Wait for the 20-30% effective vaccine? Unfortunately old people have a tendency to die. Average/median age of death in MI is 73/75 from co...
by knpstr
Thu Apr 23, 2020 9:24 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

What are the odds that the best way forward is accepting immunity through exposure as we go through the upcoming 2nd, 3rd, 4th, nth waves? Some 70% of the U.S. is under 54 years old. Totally fine. As long as you're willing to accept the fact if, its anything like what happened to NYC ( which maybe ...
by knpstr
Thu Apr 23, 2020 8:41 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

What are the odds that the best way forward is accepting immunity through exposure as we go through the upcoming 2nd, 3rd, 4th, nth waves?

Some 70% of the U.S. is under 54 years old.
by knpstr
Mon Apr 20, 2020 11:25 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Probably because most people are not personally affected so far. We haven’t even reached the number of deaths from an ordinary flu season. This is false. Ordinary flu season in the US is 24,000 - 60,000 deaths on an annual basis. We have 41,000 COVID-19 deaths in just a few months. Not even a few m...
by knpstr
Mon Apr 20, 2020 10:58 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

How many flu/pneumonia deaths have their been this past couple of months? Current estimate of the 2019-2020 flu season in the USA is between 24,000 to 62,000 deaths. This means there has likely been as many coronavirus deaths in one month as there have been flu deaths since September. https://www.c...
by knpstr
Mon Apr 20, 2020 7:18 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Probably because most people are not personally affected so far. We haven’t even reached the number of deaths from an ordinary flu season. This is false. Ordinary flu season in the US is 24,000 - 60,000 deaths on an annual basis. We have 41,000 COVID-19 deaths in just a few months. Not even a few m...
by knpstr
Sun Apr 19, 2020 1:11 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Ari, https://www.theguardian.com/world/2020/apr/15/sweden-coronavirus-death-toll-reaches-1000 I am not sure why do you think that the policy works. The death count in Sweden is 10 times of Norway. In order to achieve herd immunity, 60% to 80% of the population needs to be infected. KlangFool See my...
by knpstr
Sat Apr 18, 2020 6:13 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Dr. Birx said tonight at the press meeting that the mortality rate is 11.24 per 100,000 for covid-19
by knpstr
Fri Apr 17, 2020 9:48 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

I'm fine with quarantining and contact tracing. Are you saying that we don't have that ability? We do. We started doing that at the outset when the first cases showed up in Washington and California, and it's still going on in the areas where there aren't major hotspots. But where there are hotspot...
by knpstr
Fri Apr 17, 2020 9:30 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Can't wait to get my once weekly test for the rest of my life! Woo hoo! Hope one of these treatments work out for the severe/critical cases. That will solve the problem of hospitals being overwhelmed in the future and then this becomes like any other illness to the medical system -- read: mild/moder...
by knpstr
Fri Apr 17, 2020 9:09 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

I'm fine with quarantining and contact tracing. Are you saying that we don't have that ability? We do. We started doing that at the outset when the first cases showed up in Washington and California, and it's still going on in the areas where there aren't major hotspots. But where there are hotspot...
by knpstr
Fri Apr 17, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: PPP loan: hard pull personal credit report?
Replies: 6
Views: 711

Re: PPP loan: hard pull personal credit report?

Yeah that's weird. Don't know why they stated they'd do credit checks for a loan that has no personal guarantee. I successfully received my funds through my local community bank. Just submitted evidence of my last year's payroll to them and they approved it and sent it out the SBA. No credit checks ...
by knpstr
Fri Apr 17, 2020 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: PPP loan: hard pull personal credit report?
Replies: 6
Views: 711

Re: PPP loan: hard pull personal credit report?

No hard pull was required. These loans are not personally guaranteed.
If someone checked your credit for this they did so illegally.
by knpstr
Fri Apr 17, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Failure
Replies: 5
Views: 631

Re: Chase PPP Failure

Dump them and go to a small bank. The big banks put small loans on the back burner. They'd never admit it publicly, but obviously they have a motive to please their bigger customers who bring in more income for them year in and year out. Most everyone who applied and "never heard back" was going thr...
by knpstr
Thu Apr 16, 2020 9:30 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Why do healthcare workers wear those throwaway N95 masks that only filter 95% of particles 0.3 micron and larger? Why don't hospital workers wear more effective masks like this North 7700 respirator which filters 99.97% of 0.3 micron and larger particles? They are reusable and can be washed. A Tiny...
by knpstr
Thu Apr 16, 2020 8:15 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

A travesty indeed. I think the only real way to get this economy going is to get everyone to wear masks in public and teach everyone how to use them properly. None of this mask under your chin or just covering the mouth crap. Flatting the curve doesn’t eliminate the virus. It will be around for a v...
by knpstr
Wed Apr 15, 2020 6:44 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

A travesty indeed. I think the only real way to get this economy going is to get everyone to wear masks in public and teach everyone how to use them properly. None of this mask under your chin or just covering the mouth crap. Flatting the curve doesn’t eliminate the virus. It will be around for a v...
by knpstr
Wed Apr 15, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned
Replies: 102
Views: 7486

Re: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned

Update: we got our papers today. Able to DocuSign and within 15 minutes the funds were in the account.
So took about 9 days from the bank saying we were "approved" to electronically signing the documents, then money was in the account basically instantly.
by knpstr
Wed Apr 15, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: File for PPP or for unemployment insurance?
Replies: 1
Views: 180

Re: File for PPP or for unemployment insurance?

Something to keep in mind is the PPP is for 8 weeks and unemployment is for up to 39 weeks. If it is going to be a short term thing (8 weeks for example) probably PPP would be better, if anticipate it will be longer then perhaps UI. Everyone's numbers/situation will be different, so you'll have to m...
by knpstr
Wed Apr 15, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned
Replies: 102
Views: 7486

Re: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned

I was approved April 6th and now "waiting on the documents from the SBA" to sign. Was told that the documents should be here April 16th to sign. Apparently after signing the funds arrive within the same day (or maybe next day depending on the hour everything is submitted).
by knpstr
Tue Apr 14, 2020 7:40 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Unfortunately we can only speculate how bad we got hit and only speculate how much our stay at home order has helped. But we have strict rules and a high CFR. I would say it's pretty easy to see the impact of the stay-at-home order on the virus in southeast Michigan. Several hospital systems have b...
by knpstr
Mon Apr 13, 2020 6:59 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Im just glad since we were the 10th state to lockdown so our CFR is low. Don't want to be like Sweden! Sweden comparable is probably Norway. We can look back in a month or two and compare Norway and Sweden numbers. Michigan comparable is probably Illinois. Everything being equal, Michigan was proba...
by knpstr
Mon Apr 13, 2020 6:44 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

The very first immune contact for Covid-19 is not the lung (small particle) but larger particles. We have evidence for this clinically as patients have been describing relatively mild and prolonged symptoms of loss of smell, nasal congestion and perhaps dry cough. Its only until they say, "it went ...
by knpstr
Mon Apr 13, 2020 6:27 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

538 has an explanation of coronavirus modeling, in comic form (although including quotes from experts). The main lessons are there are many differences between populations and there's a tremendous amount of uncertainty. https://fivethirtyeight.com/features/a-comic-strip-tour-of-the-wild-world-of-pa...
by knpstr
Mon Apr 13, 2020 6:12 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Guessing why. Information is power. Having a lot of tests, contact tracing, and more advanced genetic tests would help to turn the "guess" into "know". Has been done before. Jan/Feb 2020, Korea. Morbidity thing is easy. You can simply cross-reference prior health data. Hospital systems are overwhel...
by knpstr
Mon Apr 13, 2020 5:58 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Guessing why. Information is power. Having a lot of tests, contact tracing, and more advanced genetic tests would help to turn the "guess" into "know". Has been done before. Jan/Feb 2020, Korea. Morbidity thing is easy. You can simply cross-reference prior health data. Hospital systems are overwhel...
by knpstr
Mon Apr 13, 2020 3:54 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

Norway CFR: 1.75% Sweden CFR: 8.67%. OUCH OUCH OUCH Looks like Sweden is losing. BIGLY. Michigan has been a near police state with our shutdown since mid-March and we're at 6.25% CFR. OUCH OUCH OUCH There was an article in a local Michigan paper explaining why: - business connections with automaker...
by knpstr
Mon Apr 13, 2020 2:44 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

AlphaLess wrote:
Sat Apr 11, 2020 12:43 am
Norway CFR: 1.75%
Sweden CFR: 8.67%. OUCH OUCH OUCH

Looks like Sweden is losing. BIGLY.
Michigan has been a near police state with our shutdown since mid-March and we're at 6.25% CFR. OUCH OUCH OUCH
by knpstr
Sat Apr 11, 2020 8:56 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 72473

Re: Bogleheads community discussion - Coronavirus

I don't think a bad flu leaves some survivors with permanent organ damage. https://www.france24.com/en/20200402-for-some-survivors-coronavirus-complications-can-last-a-lifetime signed, sick and tired of this flu cr*p comparisons. I've read the doctors are likely permanently damaging the lungs of pa...
by knpstr
Wed Apr 08, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Receipt of PPP loan funds
Replies: 26
Views: 1797

Re: Receipt of PPP loan funds

My banker reported yesterday that our loan was "approved" but was waiting on the documents for the closing. Sounds like from the response above after signing the final papers funds appear quite quickly! Just as a data point: I am using a small local bank Correct, it is supposed to be same day fundi...
by knpstr
Wed Apr 08, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Receipt of PPP loan funds
Replies: 26
Views: 1797

Re: Receipt of PPP loan funds

My banker reported yesterday that our loan was "approved" but was waiting on the documents for the closing. Sounds like from the response above after signing the final papers funds appear quite quickly!

Just as a data point: I am using a small local bank
by knpstr
Wed Apr 08, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: 2020 estimated tax dates
Replies: 24
Views: 1530

2020 estimated tax dates

I see per the IRS Q1 estimated taxes don't need to be paid until July 15th, 2020.

I see nothing of Q2 tax date being changed (June). It would seem unlikely that Q2 will be required to be paid before Q1.

Has anyone read anything on this yet? Or are Q1 and Q2 just both going to be due July 15th?
by knpstr
Tue Apr 07, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Goldmoney?
Replies: 33
Views: 2742

Re: Does anyone use Goldmoney?

I have recently stumbled upon Goldmoney and have been intrigued by it's premise. Essentially allowing one to use gold as money instead of fiat currency. Of course one has to buy/sell (USD to gold/gold to USD) for a small fee at 0.5% but I find it a very interesting concept. So you have to pay half-...
by knpstr
Mon Apr 06, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13405

Re: Help for Landlords in the Stimulus Bills?

kjvmartin wrote:
Mon Apr 06, 2020 5:30 pm
The unemployment system in Michigan isn't even setup yet, much less paying benefits. That's if you can get through the quagmire of applying.

They are "waiting on guidance" from the feds. The website has been in limbo for days.
That's a shame.