Search found 501 matches

by AZAttorney11
Tue Apr 23, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 4010

Re: At what age did you buy your first first class airplane ticket?

Only business class or better for international travel, but clients are paying for that. Domestically, I’ve paid for first class tickets to Hawaii one time. I don’t know if it was a pricing error, my lucky day, or both, but first class seats were $180 more expensive per seat than the standard econom...
by AZAttorney11
Sun Apr 07, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 375
Views: 41076

Re: Losing a job in your 50's...

Bacchus01 wrote:
Sat Apr 06, 2019 1:25 pm
If you’ve been fired or laid off multiple times. It’s probably not discrimination. It’s you.

If companies you’ve worked for are constantly going out of business, it’s probably not discrimination. It’s you.
Yep.
by AZAttorney11
Mon Apr 01, 2019 10:23 pm
Forum: Personal Consumer Issues
Topic: Frequent flyers: quality of airline onboard wifi?
Replies: 9
Views: 574

Re: Frequent flyers: quality of airline onboard wifi?

If you're on Delta, the availability of an outlet will depend on your route, type of aircraft, and class of service (Delta One, Comfort +, Main Cabin, etc.) Generally speaking, if you're on a cross country Delta flight you'll have an outlet or USB portal (and potentially both). As far as WiFi availa...
by AZAttorney11
Wed Feb 06, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 1611
Views: 100501

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

You've got huge... guts... HEDGEFUNDIE. I wish you nothing but the best!
by AZAttorney11
Wed Jan 30, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: Anyone bought a Ford recently? Advice please...
Replies: 58
Views: 3990

Re: Anyone bought a Ford recently? Advice please...

On the truck: When you get right down to it, it really doesn't matter if you buy a Ford, Ram, Chevy/GMC or Toyota. It really doesn't. Focus on the vehicle with the options you want and buy on price. GM is near the end of the "we screwed up again and overproduced" season and are selling for well ove...
by AZAttorney11
Wed Jan 30, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: Anyone bought a Ford recently? Advice please...
Replies: 58
Views: 3990

Re: Anyone bought a Ford recently? Advice please...

Also for everyone rambling about how simple it is to tell the salesman you won't pay more than X, keep in mind the F150 series was in 2018, and consistently has been, the best selling VEHICLE in the United States. The dealers don't have to make crazy deals to get rid of Ford trucks on a lot and For...
by AZAttorney11
Wed Jan 30, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Anyone bought a Ford recently? Advice please...
Replies: 58
Views: 3990

Re: Anyone bought a Ford recently? Advice please...

Also for everyone rambling about how simple it is to tell the salesman you won't pay more than X, keep in mind the F150 series was in 2018, and consistently has been, the best selling VEHICLE in the United States. The dealers don't have to make crazy deals to get rid of Ford trucks on a lot and For...
by AZAttorney11
Tue Jan 29, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: Anyone bought a Ford recently? Advice please...
Replies: 58
Views: 3990

Re: Anyone bought a Ford recently? Advice please...

^ And remember that the "lowest" out the door price you receive from a dealer in response to an email inquiry won't actually be their lowest price. You'll have to continue hammering away at them, through email, of course. Ensure they know ABC Dealership offered less than that for an identical vehicl...
by AZAttorney11
Tue Jan 29, 2019 10:47 pm
Forum: Personal Consumer Issues
Topic: Anyone bought a Ford recently? Advice please...
Replies: 58
Views: 3990

Re: Anyone bought a Ford recently? Advice please...

No, no, and no. Never, ever pay anything close to sticker for a full-sized American truck. The competition for buyers is intense in that vehicle segment. There are numerous posts here about the "best" way to buy a vehicle. Search for them. Not to sound rude, but if you couldn't get the salesman to o...
by AZAttorney11
Tue Jan 29, 2019 9:15 pm
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 43
Views: 4133

Re: Buy pacific gas and electric?

Spinola wrote:
Tue Jan 29, 2019 3:16 pm
uh, I'd sell. sell. sell.... Putting all your eggs in one basket, not the BH way..
https://www.nytimes.com/2019/01/29/busi ... uptcy.html
Well, the stock was up 16.49% today following news of the bankruptcy filing this morning.
by AZAttorney11
Tue Jan 29, 2019 3:03 pm
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 43
Views: 4133

Re: Buy pacific gas and electric?

riverguy wrote:
Tue Jan 29, 2019 2:59 pm
JonnyDVM wrote:
Mon Jan 28, 2019 8:52 pm
Ouch. $65k gone. That has to sting.
Dude has doubled his money, what are you talking about?
Right now he must be talking about the other dude who sold $65k worth of PG&E stock :sharebeer
by AZAttorney11
Tue Jan 29, 2019 11:24 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13608

Re: High Earners Mostly Use Taxable Accounts?

sailaway wrote:
Tue Jan 29, 2019 11:06 am
This thread inspired me to look into deferred Comp at megacorp. DH is several promotions shy of qualifying, but there is a 25% match, as well?! That is quite a carrot. What are the benefits to the company?
It's a retention tool. The competition for top talent at the executive level is fierce.
by AZAttorney11
Tue Jan 29, 2019 9:36 am
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 43
Views: 4133

Re: Buy pacific gas and electric?

It's official -- PG&E filed for Chapter 11 today. Right now, the stock is up 6%. Who knows where it'll ultimately end up, but this is going to be a fascinating turn of events.
by AZAttorney11
Mon Jan 28, 2019 9:01 pm
Forum: Personal Investments
Topic: Buy pacific gas and electric?
Replies: 43
Views: 4133

Re: Buy pacific gas and electric?

Ouch. $65k gone. That has to sting. Don't dance on the grave of PG&E shareholders quite yet. There's a reason the stock closed above $12 today and last traded at $11.68 in after hours trading. And, if the OP is to be believed, her friend could have purchased the shares in the $6ish range. So he mig...
by AZAttorney11
Mon Jan 28, 2019 10:00 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13608

Re: High Earners Mostly Use Taxable Accounts?

What about passing the taxable account to heirs, is that just kicking the taxes can down road or can you gift at zero or reduced taxes? Thanks Step up basis at death. Yes, but a gift does not get step-up and could be a mistake without a careful look at implications. Davinci said heir. An heir is an...
by AZAttorney11
Mon Jan 28, 2019 9:59 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13608

Re: High Earners Mostly Use Taxable Accounts?

No it isn't remotely the same except for some edge conditions. Ignore tax drag. Ignore state taxes. What is the cost of getting 0% LTGC when you could be using those same tax brackets to take money out of your IRA at <12% instead of the 22%+ that you will pay when RMDs kick in on your 3 million+ IR...
by AZAttorney11
Mon Jan 28, 2019 9:55 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13608

Re: High Earners Mostly Use Taxable Accounts?

Davinci wrote:
What about passing the taxable account to heirs, is that just kicking the taxes can down road or can you gift at zero or reduced taxes?

Thanks
Step up basis at death.
by AZAttorney11
Sun Jan 27, 2019 7:54 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13608

Re: High Earners Mostly Use Taxable Accounts?

The short answer is yes -- high earners who are also high savers sometimes end up with taxable accounts that are substantially larger than tax-advantaged accounts.
by AZAttorney11
Thu Jan 24, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: Recommendation for pickup truck?
Replies: 70
Views: 3639

Re: Recommendation for pickup truck?

dm200 wrote:
Thu Jan 24, 2019 9:30 am
He is now focused on a late model Chevrolet Silverado 4wd double cab.

His choice - his money.

He did tell me that he would lend it to me when I need a pickup truck. We shall see.
That’s a fantastic truck. If he doesn’t need the extra bed length, the crew cab is a better option.
by AZAttorney11
Tue Jan 22, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: House For Sale By Owner - Suggestions Welcome
Replies: 40
Views: 2662

Re: House For Sale By Owner - Suggestions Welcome

A couple of comments. For people who are proud that they sold their house FSBO in less than a week, are you sure you got top dollar? Really? I suspect you left more money on the table than you would have if you’d had an agent and priced the property appropriately. Second, if you don’t offer full co...
by AZAttorney11
Tue Jan 22, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: House For Sale By Owner - Suggestions Welcome
Replies: 40
Views: 2662

Re: House For Sale By Owner - Suggestions Welcome

A couple of comments. For people who are proud that they sold their house FSBO in less than a week, are you sure you got top dollar? Really? I suspect you left more money on the table than you would have if you’d had an agent and priced the property appropriately. Second, if you don’t offer full co...
by AZAttorney11
Sun Jan 20, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Physicians: did you incorporate yourself? Is it worth it?
Replies: 15
Views: 1622

Re: Physicians: did you incorporate yourself? Is it worth it?

I already deduct home office and related expenses (phone, medical license etc.) and set up solo 401k as independent contractor paid on 1099. Someone at work told me that it makes sense to incorporate myself for tax purposes and legal protection, is this true? Looks like it would require paying an a...
by AZAttorney11
Thu Jan 17, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: What shelf liquor and your favorite cocktails?
Replies: 45
Views: 2916

Re: What shelf liquor and your favorite cocktails?

Life is too short to drink bad liquor. For bourbon, it's Buffalo Trace, Eagle Rare, Four Roses Single Barrel, or Four Roses Small Batch. The "yellow label" Four Roses is gut rot. Stay away from that, even in cocktails. I had some 23 year Pappy once. It was outstanding (and lived up to its larger tha...
by AZAttorney11
Tue Jan 15, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6741

Re: A co-worker makes more than me

Maybe your co-worker is a better performer? Why do you think he / she makes more? And why does it trouble you that he / she makes more?
by AZAttorney11
Tue Jan 15, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5361

Re: Took on too much mortgage, seeking advice on where to put money going forward

IT professional......and job is very secure I retired out of IT. Don't kid yourself, no IT job is really secure since even if you are doing a good job there can be reorganizations, outsourcing, or projects can be canceled or changed and your position could be eliminated. If you are in a corporate I...
by AZAttorney11
Tue Jan 15, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5361

Re: Took on too much mortgage, seeking advice on where to put money going forward

After reading all the replies I am curious why most are saying get rid of the PMI first. It would take the longest to get rid of and only bring me $50/month in cash flow. I see that I likely will not be able to keep the condo when I want to buy a house down the road so why put more money into it? M...
by AZAttorney11
Sun Jan 13, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation, any recommendations?
Replies: 39
Views: 3933

Re: Hawaii vacation, any recommendations?

Do you have to spend all 7 days in Oahu? There's so much more to Hawaii than Oahu.
by AZAttorney11
Sun Jan 13, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5361

Re: Took on too much mortgage, seeking advice on where to put money going forward

This isn’t a crisis and I’m not sure there’s even a problem. Between your 401(k) and taxable savings, you’re investing slightly more than 23% of your gross income. Sure, your housing costs are high relative to your income and the $1,000 a month for food and booze is a lot (I hope you’re having fun),...
by AZAttorney11
Tue Jan 08, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 13010

Re: Recommendations for a 9mm handgun

There’s no substitute for renting multiple guns at a range to determine what best suits your needs. You’ll find the employees at a reputable range more than willing to help educate you in a non-condescending manner. Every range I’ve been to has classes for beginners. They are usually taught by curre...
by AZAttorney11
Mon Jan 07, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23542

Re: $40,000 in debt, bankruptcy seems to be the best option right now

OP has debt problem. Bankrupt won't solve this problem. Wrong. OP appears to have had a SPENDING problem in the past. Bankruptcy may indeed solve the debt problem but if the spending problem isn't solved separately, things could recur in five years... Spending on borrowed the money, isn't it a debt...
by AZAttorney11
Mon Jan 07, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: House hunting in San Antonio (relocating from IL) - What to watch out for?
Replies: 31
Views: 1722

Re: House hunting in San Antonio (relocating from IL) - What to watch out for?

Traffic, traffic, and traffic. And don't forget about floods. Seems like every spring there is a flood around San Antonio. Usually more in the Hill Country area, but it can rain a bunch in San Antonio too. Regarding HVAC, expect for the a/c to run a lot during the summer. Some people install radian...
by AZAttorney11
Mon Dec 31, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 954
Views: 137388

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

UpperNwGuy wrote:
Mon Dec 31, 2018 10:05 am
I am still astonished that none of the major national news organizations have yet reported on this CRV problem as a major consumer issue like they did with the Toyota stuck accelerators or the Takata air bags.
I’m not. How many people have died from the oil dilution issue with the CRV?
by AZAttorney11
Wed Dec 26, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 4998

Re: Why call them "losses" when you still own the shares?

We really need to stop bandying about the idea that you only have losses when you sell. It's just not true. You have losses whenever the value of your shares dips below the purchase price. "Locking in your losses" reflects the behavioral mistake of selling and staying out of the market and missing ...
by AZAttorney11
Wed Dec 26, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Niece divorce - house questions
Replies: 16
Views: 2066

Re: Niece divorce - house questions

What did your niece’s lawyer tell her?
by AZAttorney11
Wed Dec 26, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 4998

Re: Why call them "losses" when you still own the shares?

Yes, it’s absolurely a loss. An unrealized loss, but a loss nevertheless. To say otherwise is some sort of coping mechanism that a behavioral finance expert would have to explain.
by AZAttorney11
Sat Dec 01, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Vacation ideas for this January
Replies: 14
Views: 947

Re: Vacation ideas for this January

How about Phoenix? Your trip dates may coincide with the marathon. It’s usually the middle of January. Your daughter might love running a marathon in a new city.
by AZAttorney11
Sat Nov 17, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Warm winter vacation
Replies: 25
Views: 2346

Re: Warm winter vacation

How about Phoenix or Scottsdale? It’s 72 and sunny today.
by AZAttorney11
Sat Oct 13, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6210

Re: Neighbor discussing finances with me

Let him do his thing. Invite him over, share a few beers, enjoy the grill, and talk about the kids or spouses or careers or something else. A good neighbor is hard to find. Don’t do anything that would potentially cause issues.
by AZAttorney11
Wed Sep 12, 2018 5:03 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3794

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

$1 billion is all that they've gotten? Vanguard's Total Stock Index and Total International index funds have combined assets of $1.1 trillion . It doesn't seem that investors are leaving Vanguard in droves yet at least. I think Fidelity announced this a few weeks ago. Let's give it some time...
by AZAttorney11
Mon Sep 10, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8579

Re: Botched countertop installation - leave it as-is or risk the repair?

This would drive me absolutely insane, and I'd never be able to move past the imperfection. For better or worse, I'm hard-wired that way. I would insist that the GC and his subs deliver the project in perfection condition. I don't care what hard costs or soft costs they have to eat -- the installers...
by AZAttorney11
Mon Aug 27, 2018 6:50 pm
Forum: Non-US Investing
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 79
Views: 14034

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

Guys, he's not a US citizen and doesn't live in the US. Stop recommending US-domiciled funds. OP, it would be worth your while to seek out a private wealth manager & accountant in your country of residence to better understand (1) tax implications and (2) the best way to enter into million-dollar p...
by AZAttorney11
Mon Aug 27, 2018 6:39 pm
Forum: Non-US Investing
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 79
Views: 14034

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

Guys, he's not a US citizen and doesn't live in the US. Stop recommending US-domiciled funds. OP, it would be worth your while to seek out a private wealth manager & accountant in your country of residence to better understand (1) tax implications and (2) the best way to enter into million-dollar p...
by AZAttorney11
Sun Aug 26, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: LLC for one rental property?
Replies: 28
Views: 2465

Re: LLC for one rental property?

So, after buying a new house we are emabarking on the journey of renting our old townhome. I’ve run the numbers and it makes sense financially given current rents. That said our real estate attorney at closing told us we should form an LLC to put the property into. Is this really needed? Can’t suff...
by AZAttorney11
Tue Aug 21, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 75
Views: 6735

Re: You Invest from JP Morgan

Very cool. Interesting tit-for-tat going on with Fidelity's Zero funds and Vanguard's free ETF's. Will be very interesting once the dust settles. Now that transaction costs for trading are approaching zero, I think individual stocks are becoming much more defensible. I could see the increased oppor...
by AZAttorney11
Sun Aug 19, 2018 9:36 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 15308

Re: Remind me (again) how real estate isn't a GREAT investment?

Nope. The only way to avoid taxes and penalties with index funds is to decide to live a life of scarcity and poverty. I have read the same blogs and guides that you have. You fill in the 0-15% income brackets. Which is another way of saying, have less income and be less wealthy. See here: https://w...
by AZAttorney11
Sun Aug 19, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 15308

Re: Remind me (again) how real estate isn't a GREAT investment?

Where are the posts from 2008 - 2011 from landlords in places like California, Arizona, Nevada, and Florida?
by AZAttorney11
Fri Aug 03, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Dental implant in Tijuana
Replies: 37
Views: 4070

Re: Dental implant in Tijuana

If you get this done in Mexico, later have a problem and decide to drop in to your neighborhood dentist or oral surgeon, they might not be willing to accept you as a patient due to the risks you present. This is not due to that fact that you got the work done in Mexico, but rather you are in mid-tr...
by AZAttorney11
Thu Jul 26, 2018 11:25 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Vanguard Sent Erroneous Text Messages to Some 401(k) Customers Messages said loans had been processed
Replies: 12
Views: 1308

Re: WSJ--Vanguard Sent Erroneous Text Messages to Some 401(k) Customers Messages said loans had been processed

This thread is roughly a day and a half old. Only nine responses. I can only imagine how many responses there would be if Fidelity did this instead of Vanguard.
by AZAttorney11
Wed Jul 25, 2018 5:07 pm
Forum: Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5547

Re: Biggest financial decision of my life: selling a big wad of options

OP, I hope you don't work for Facebook. Ouch.

Facebook plunges more than 24 percent on revenue miss and projected slowdown

https://www.cnbc.com/2018/07/25/faceboo ... -2018.html