Search found 179 matches

by tedclu
Fri Feb 09, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can I assume Chase earns fees when purchasing/selling munis for an advised portfolio, in addition to the AUM fee?
Replies: 17
Views: 831

Re: Can I assume Chase earns fees when purchasing/selling munis for an advised portfolio, in addition to the AUM fee?

Chase does make the money on the “spread” basically bid/ask difference. These are “imputed” commissions, because they are build in to the price. I took look at the cusips on BB. 91802RBZ1 - only had 5mm par exchange hands at the same 114.343. I assume it is the same “basket” that yours were done in....
by tedclu
Tue Jan 02, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 168
Views: 18327

Re: 2018 Hedge Fund contest

Name: Retirement Fund

Long:
CNX
CTL
MAT

Short: prefer not to short, but free money.
TSLA
SQ
F
by tedclu
Thu Dec 28, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC quotes IRS on terms of deductibility of prepaid property taxes
Replies: 79
Views: 6572

Re: CNBC quotes IRS on terms of deductibility of prepaid property taxes

In the exact same boat, going down to the county and asking for a bill at lunch. I live in Hennepin County (Minnesota), and they sent out a "Proposed Levies and Taxes" statement back in November which relates to proposed 2018 property taxes. It specifically says, "This is not a bill - Do not pay". ...
by tedclu
Thu Dec 28, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: CNBC quotes IRS on terms of deductibility of prepaid property taxes
Replies: 79
Views: 6572

Re: CNBC quotes IRS on terms of deductibility of prepaid property taxes

In the exact same boat, going down to the county and asking for a bill at lunch. I live in Hennepin County (Minnesota), and they sent out a "Proposed Levies and Taxes" statement back in November which relates to proposed 2018 property taxes. It specifically says, "This is not a bill - Do not pay". H...
by tedclu
Wed Dec 13, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 49
Views: 3892

Re: Play money individual stocks, which ones?

30% in individual stocks, large and concentrated bets. CNX (Nat gas) way undervalued CEIX (coal) way undervalued CTL (telecom) new holding, dvd reduction concerns, but 15% yield and 125%+ return potential just too good. MAT (Toys) new holding, waiting for an offer from HAS at 23 with large break up ...
by tedclu
Wed Nov 22, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1581

Re: Inheriting 4 stocks

Actually step up can occur in DOD OR six month after DOD, it’s an election.
by tedclu
Wed Oct 25, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Any first class flights from PHX (Phoenix) to HI (Hawaii) on a 747??
Replies: 40
Views: 3297

Re: Any first class flights from PHX (Phoenix) to HI (Hawaii) on a 747??

No 747 anymore. you best bet for more comfortable flight is on AA route via DFW an updated B772. they all have lay flat seating. Hawaii air has some lay flat seats too. what is DFW? Is Hawaii Air . . Hawaiian Airlines? Hawaiian Airlines doesn't have lay flat seats unless I've been pushing the wrong...
by tedclu
Wed Oct 25, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Any first class flights from PHX (Phoenix) to HI (Hawaii) on a 747??
Replies: 40
Views: 3297

Re: Any first class flights from PHX (Phoenix) to HI (Hawaii) on a 747??

No 747 anymore.

you best bet for more comfortable flight is on AA route via DFW an updated B772. they all have lay flat seating.

Hawaii air has some lay flat seats too.
by tedclu
Tue Oct 10, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 3436

Re: Cheapest thing you ever heard of to save money

2. Related to #1, buying a gigantic house and living in the basement. More common than you would think among certain Asian families who buy big to impress their friends but can't afford to heat or furnish the house. So stupid. Should live on the top floor, heat rises. Add: Use napkin, paper plates ...
by tedclu
Wed Jul 12, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Rental Car - Which Credit Card to be used
Replies: 9
Views: 981

Re: Rental Car - Which Credit Card to be used

https://www.chasebenefits.com/sapphirereserve

Above is the T&C for CSR.

If you paid with points it should be ok. This is a limit of type of car they will cover (no cargo van or expensive cars). Max coverage is 31 days $75000
by tedclu
Fri Jun 23, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a habit of checking the market all day?
Replies: 38
Views: 3581

Re: Anyone have a habit of checking the market all day?

Can't get away from the market, CNBC/Bloomberg is usually on the TV at work.

my terminal keep flashing news, cant avoid hitting the yellow key to check every once in a while.
by tedclu
Wed May 17, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590806

Re: What's Your Credit Card Rewards Strategy?

Of course who can forget IhG. My hand hurts after writing 250 index cards and enovlopes from the 2015 promo. Been at this for a number of years. Chase's 5/24 hurts but there are a few chase cards that does not fall under 5/24. Or you can try the branch pre approval process. They are: BA, Ritz, Marri...
by tedclu
Wed May 17, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590806

Re: What's Your Credit Card Rewards Strategy?

Been at this for a number of years. Chase's 5/24 hurts but there are a few chase cards that does not fall under 5/24. Or you can try the branch pre approval process. They are: BA, Ritz, Marriot Biz. avoid paying any fee on Ritz by lower your limit to 1500. As for Amex you can get every card at least...
by tedclu
Tue Feb 14, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Mint/Financial Organization/Credit Card Travel Hobby
Replies: 10
Views: 1240

Re: Mint/Financial Organization/Credit Card Travel Hobby

Been using mint for almost 10 years. Been churning for just as long. Mint is a great help at letting me know which card has a balance to pay off, so you wont forget. Key is to check it daily and fixed the login errors when they pop up. I have over 100s credit cards on mint and majority of them are i...
by tedclu
Mon Feb 13, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: BRK Annual Shareholder Meeting- is it worth going?
Replies: 20
Views: 2886

Re: BRK Annual Shareholder Meeting- is it worth going?

It's nice to go at least once. I have been to few brk meetings, lately it has been a zoo since the split. I wish Wesco still had their meetings. I can skip Buffett but can't skip Munger. Most of the bek businesses show up that weekend set up booth (netjet, geico, sees, clayton etc). You can go sit ...
by tedclu
Mon Feb 13, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Munich,Germany- advice on things to not miss
Replies: 39
Views: 3505

Re: Munich,Germany- advise on things to not miss

BMW factory, there is always walk up tickets. If they are out of general tickets they always have "owners" tours you can take.

English garden
Springfest Fruhlingfest
Rent a BMW drive the Romantic Road visit towns like Rothenburg ob der tauber
by tedclu
Fri Feb 10, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: BRK Annual Shareholder Meeting- is it worth going?
Replies: 20
Views: 2886

Re: BRK Annual Shareholder Meeting- is it worth going?

It's nice to go at least once. I have been to few brk meetings, lately it has been a zoo since the split. I wish Wesco still had their meetings. I can skip Buffett but can't skip Munger. Most of the bek businesses show up that weekend set up booth (netjet, geico, sees, clayton etc). You can go sit i...
by tedclu
Tue Feb 07, 2017 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Asset location - PFICs
Replies: 2
Views: 399

Re: Asset location - PFICs

I would avoid PFICs at all costs. The tax compliance is cumbersome and complex. Even investment tax accountants for large fund complexes always have issues with them.
by tedclu
Wed Feb 01, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO discount for Berkshire Hathaway shareholders
Replies: 23
Views: 15766

Re: GEICO discount for Berkshire Hathaway shareholders

You don't need to own a share, the discount can be had MANY ways, just give them a call, 99% of the people could qualify.
by tedclu
Wed Jan 18, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Why should mutual funds have expense ratios, and not expense fees
Replies: 10
Views: 1319

Re: Why should mutual funds have expense ratios, and not expense fees

The expense ratio is calculated after the fact. When all the expeneses are added up then divided by net asset. If additional $50billion did come in the door, more than likely the expense ratio will be lower in the next prospectus. Also per SEC, you can only charge the pro rata charges of the fund Ex...
by tedclu
Fri Jan 06, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: IRA REcharacterization of a recharacterization
Replies: 4
Views: 439

Re: IRA REcharacterization of a recharacterization

CAsage wrote:Was the 6/14 transaction actually a conversion? The exact terminology matters.
Yes it was. Had to fill out a "re character" form.
by tedclu
Fri Jan 06, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: IRA REcharacterization of a recharacterization
Replies: 4
Views: 439

Re: IRA REcharacterization of a recharacterization

If you are asking whether you can recharacterize 1500 of the already recharacterized funds back to TIRA, you cannot. However, if you are asking whether you can recharacterize the 1500 still in the TIRA that you have not recharacterized yet to the Roth, that you can do because you have not recharact...
by tedclu
Thu Jan 05, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRA REcharacterization of a recharacterization
Replies: 4
Views: 439

IRA REcharacterization of a recharacterization

Trying to figure out if I can do the following operationally and tax efficiently. 1/1/16 - made a contribution to Taxable IRA $5500 6/14/16 - recharactered $4000 of the contribution and $500 of prorated gains to Roth IRA. 12/13/16 - value of the Roth IRA account did not change much. Can I recharater...
by tedclu
Mon Dec 19, 2016 11:28 pm
Forum: Personal Consumer Issues
Topic: managing flight risk [travel by plane]
Replies: 30
Views: 2719

Re: managing flight risk

There is a higher risk of die in a car accident on the way to the airport then in an air accident. Are you going to take two cars to the airport?
by tedclu
Thu Nov 17, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: In total how much have you earned in credit card rewards?
Replies: 32
Views: 3697

Re: In total how much have you earned in credit card rewards?

In the last 6/7 years, I average about 5-10k a year cash. except for 2014 where I paid off my grad school loan with the WF 5% card.
that is net and on top of all the miles.

a friend of mine who works full time with kids does about 25k a year. he doesn't have too much free time.
by tedclu
Tue Oct 04, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 424
Views: 161574

Re: The Mega Backdoor Roth IRA

My company allows us to contribute over the 18,000 limit. But it is unclear if they will allow me to roll it in to an IRA. per contribution section of my plan. "If your combined pre-tax and Roth contributions exceed the federal limit for a year (discussed earlier in Section ; for 2016, this limit i...
by tedclu
Tue Oct 04, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 424
Views: 161574

Re: The Mega Backdoor Roth IRA

My company allows us to contribute over the 18,000 limit. But it is unclear if they will allow me to roll it in to an IRA. per contribution section of my plan. "If your combined pre-tax and Roth contributions exceed the federal limit for a year (discussed earlier in Section ; for 2016, this limit is...
by tedclu
Thu Sep 29, 2016 5:08 pm
Forum: Investing - Theory, News & General
Topic: Is Deutche Bank a buy?
Replies: 54
Views: 5232

Re: Is Deutche Bank a buy?

DB can't fail. They will be bailed out. The day the government bails them out is the day stock goes to zero.

Every financial services firm is looking at their exposure right now. And they are all trying to limit them.
by tedclu
Mon Sep 19, 2016 6:13 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 46534

Re: The Bogleheads' "100 Things Worth Every Penny" List

rrppve wrote:One of those fancy Japanese toilet seats.
2nd
by tedclu
Mon Sep 19, 2016 2:52 pm
Forum: Personal Consumer Issues
Topic: Eastern Europe Trip Planning - Advise?
Replies: 34
Views: 3731

Re: Eastern Europe Trip Planning - Advise?

That is pretty impressive. And I thought my 3-city trip was daunting! Care to expand on the scams? I have read about the taxis and the people exchanging money on the street, then there are the currency exchanges, but those are scams in most countries. Restaurants, though? I am concerned about the p...
by tedclu
Mon Sep 19, 2016 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590806

Re: What's Your Credit Card Rewards Strategy?

CSR...the best card right now.
by tedclu
Wed Sep 14, 2016 12:55 pm
Forum: Investing - Theory, News & General
Topic: Exodus from Money Market Funds?
Replies: 24
Views: 4111

Re: Exodus from Money Market Funds?

With first hand knowledge of this issue. I can tell you most fund companies are converting their money market funds to "government money market funds" where 99.5% if the asset must invest in government securities. With that setup there will still be $1 nav and no fee or gates. The problem with float...
by tedclu
Wed Sep 14, 2016 12:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590806

Re: What's Your Credit Card Rewards Strategy?

Got the CSR a week before launch using the leaked link on Reddit. After the first billing cycle, got all the UR points, credit and no annual fee so far. Great card.
by tedclu
Fri Aug 26, 2016 9:22 am
Forum: Personal Consumer Issues
Topic: Best Use of Ultimate Rewards Points
Replies: 109
Views: 15192

Re: Best Use of Ultimate Rewards Points

Thinking- if you want to keep an UR card, it might be worth keeping the Reserve over the Preferred beyond a year. If you spend $300 on travel per year, the cost would only be $55 annually over the cost of the preferred second year and going forward. And the perks may be worth the extra cost. I got ...
by tedclu
Thu Aug 25, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3012
Views: 590806

Re: What's Your Credit Card Rewards Strategy?

Been in this game for a while got approved for the CSR the week before it came out via the leaked link. Thank god, because I am at least 25+/24.

After coin, BB, VR, RB, HR, JH all died the only thing keeping me going is grocers/mall---->money order.

After mo/gc dies, I will get a new hobby.
by tedclu
Mon Aug 22, 2016 9:07 pm
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 37
Views: 4829

Re: Favorite Asian Vacation?

Hong Kong
Tokyo
South Korea - dmz
Thailand- Chiang Mai
by tedclu
Thu Aug 11, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: Your Credit Score Doesn’t Matter Unless It’s Bad
Replies: 10
Views: 2158

Re: Your Credit Score Doesn’t Matter Unless It’s Bad

One advantage of having an uber-high score is you don't have to sweat small things that might bring it down. If your score is 750, a mistimed hard pull on your credit could put you out of the best rates. Or, an emergency that prevents you from paying your bills could drop you into marginal credit v...
by tedclu
Wed Aug 10, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Websites - CNBC & Fox Business
Replies: 13
Views: 1777

Re: Websites - CNBC & Fox Business

If you "have" to watch or read. I would go with Bloomberg. You get most of the stuff we see on the terminal.
by tedclu
Mon Aug 08, 2016 6:13 pm
Forum: Personal Consumer Issues
Topic: European Vacation Cost
Replies: 13
Views: 1990

Re: European Vacation Cost

Airfare - with the fuel been so cheap there a lot of deals going around. In the last couple months I have seen sfo to Europe for less than $1,000. I have seen biz clad under 1500 from British airways, with the $400 aarp discount it could be $1,100 for business class. Hotel - you can get affordable h...
by tedclu
Wed Aug 03, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Points/Miles Schemes - Waste of time or worth it?
Replies: 76
Views: 10331

Re: Points/Miles Schemes - Waste of time or worth it?

worth every min of my time. Fly international biz/first class stay at 5 star hotels for penny on the dollar.

start reading below.

https://www.reddit.com/r/churning/comme ... es_feb_28/
by tedclu
Mon Aug 01, 2016 4:01 pm
Forum: Personal Consumer Issues
Topic: Another Italy Trip
Replies: 33
Views: 2419

Re: Another Italy Trip

My wife and I are planning a trip to Italy; * 2 nights in Rome * 3 nights in Florence * 2 nights in Cinque Terre, and * 2 final nights in Rome. We're thinking this might be too ambitious. Maybe stay longer or reduce the traveling Any thoughts would be appreciated. combine the 4 nights in Rome at th...
by tedclu
Mon Aug 01, 2016 3:52 pm
Forum: Personal Consumer Issues
Topic: Hyatt 2 free nights credit card
Replies: 40
Views: 3717

Re: Hyatt 2 free nights credit card

BW1985 wrote:Park Hyatt in St Kitts looks interesting.. brand new.

Do you still have to pay taxes on the free room or is it completely free out the door? On a $600-$1000/night room I'd expect the taxes to be pretty high themselves!
In most places you don't have to pay tax. but there might be resort fees.
by tedclu
Mon Aug 01, 2016 3:49 pm
Forum: Personal Consumer Issues
Topic: Hyatt 2 free nights credit card
Replies: 40
Views: 3717

Re: Hyatt 2 free nights credit card

Park Hyatt Tokyo Park Hyatt NYC (if you can find availability) Park Hyatt Paris Vendome It really depends on where you want to go. The above list is purely based on price and perceived value. Paris starts at $600 a night, if you are a diamond you will be booked in to a suite with breakfast, cash cos...
by tedclu
Mon Aug 01, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: Eastern Europe Trip Planning - Advise?
Replies: 34
Views: 3731

Re: Eastern Europe Trip Planning - Advise?

Early last year we did Milan---->Munich--->Prague--->Vienna all done on train. I prefer train travel over air in Asia and Europe. Vienna ---Prague should be a short 4 hours ride, there will be a few American on board. ticket can be found on http://www.cd.cz for $30 ish. seat assignment is a little e...
by tedclu
Tue Jul 26, 2016 7:59 pm
Forum: Personal Consumer Issues
Topic: What is your plan if you lose job tomorrow ??
Replies: 73
Views: 8917

Re: What is your plan if you loose job tomorrow ??

Just came home from a two weeks vacation, I would celebrate and get on a plane!

I really feel bad for the one who has to "cover" me.
by tedclu
Tue Jul 26, 2016 7:53 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 124
Views: 13524

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

Italy, like a lot of other places would be much nicer place if it weren't for the tourists. :wink: First I would say avoid most of Europe during the summer high season. Just too many people. As for Rome, it will be HOT HOT HOT, long lines(3 hours+) especially if you don't pre buy your tickets to the...
by tedclu
Tue Jul 05, 2016 12:59 pm
Forum: Personal Consumer Issues
Topic: replacing an iPhone, first time with the "new non-subsidized model"
Replies: 48
Views: 5362

Re: replacing an iPhone, first time with the "new non-subsidized model"

Former ATT customer for years at end of 2015 switch to cricket. Other than the outage a few weeks ago i have no issues. Cricket is owned by ATT on the same network, but their customer service is in Philippines, so try to avoid calling them. Currently I am paying $100 for 5 phones unlimited call text...
by tedclu
Fri Jul 01, 2016 1:10 pm
Forum: Personal Consumer Issues
Topic: Safe, affordable European cities to travel?
Replies: 38
Views: 4911

Re: Safe, affordable European cities to travel?

I like all of the cities you have mentioned. they are all safe. prices are reasonable. I would make sure read up on the "scams" in Prague, specially the restaurants in the touristy area.(it is a beautiful town)