Search found 449 matches

by Daryl
Sat Nov 10, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: SWAN ETF - 10% Leaps / 90% Treasuries
Replies: 24
Views: 1897

Re: SWAN ETF - 10% Leaps / 90% Treasuries

I know they are just buying call options, but aren't there a couple scenarios where these expire worthless (stocks are flat or negative)? It seems this strategy would offer a couple options on how I can turn $100 into $90! How would this compare to a 70/30 allocation, adjusted for fees? Is the only ...
by Daryl
Mon Oct 29, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: How much does a car need to be driven?
Replies: 43
Views: 3605

Re: How much does a car need to be driven?

HueyLD wrote:
Mon Oct 29, 2018 3:27 pm
You need a battery tender with solar panel to charge your battery. You can google "solar car tender battery charger."
My flying club has this setup for one of our aircraft. Works wonderfully!
by Daryl
Sat Oct 27, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer ... help ! [with mortgage choices]
Replies: 15
Views: 1507

Re: First time home buyer ... help !

How long do you plan on staying in this home? Assuming less than 10 years, I know which I'd pick!

On second thought, the difference between the 15 year fixed and the ARM doesn't seem like much. I like fixed rates when I'm the borrower. If necessary, I can always refinance later.
by Daryl
Sat Oct 27, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2904

Re: Car hit while parked, no note, just want damages as cash from insurance

Did you file a police report? Most likely your insurance will want to see this then cover you under uninsured which is usually a lower deduction Most states / insurance companies will require the contact information for the other driver before accepting a uninsured / underinsured motorist claim. I ...
by Daryl
Sat Oct 27, 2018 6:31 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 168
Views: 18301

Re: 2018 Hedge Fund contest

grok87 wrote:
Sat Oct 27, 2018 5:39 am
looks like the results are broken right now?
Blame Eddie Lampert!

Was Sears delisted?
by Daryl
Sat Oct 27, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 29
Views: 3809

Re: How To Handle Auto Accident Insurance Company Letter

First - How is the bus involved? Was the the operator of a commercial vehicle responsible for the damages that you and your wife suffered? If this was a multi-vehicle incident involving significant property damage and bodily injury, I'd be seeking all appropriate medical care and then seeking qualif...
by Daryl
Fri Oct 26, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 2904

Re: Car hit while parked, no note, just want damages as cash from insurance

JGoneRiding wrote:
Fri Oct 26, 2018 8:24 pm
Did you file a police report? Most likely your insurance will want to see this then cover you under uninsured which is usually a lower deduction
Most states / insurance companies will require the contact information for the other driver before accepting a uninsured / underinsured motorist claim.
by Daryl
Tue Oct 23, 2018 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Should I own my home through an LLC?
Replies: 20
Views: 2824

Re: Should I own my home through an LLC?

FIREchief wrote:
Tue Oct 23, 2018 4:19 am
Does umbrella liability coverage really pay out if a person rents their house out?
Most personal lines insurance policies exclude commercial activities. I'd recommend everyone read their policy and speak with a qualified agent / broker before assuming coverage exists.
by Daryl
Sun Oct 21, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Selling to CarMax if maintenance light is on?
Replies: 33
Views: 3020

Re: Selling to CarMax if maintenance lights on?

Rotate tires, and check tire pressure and condition. Replace air cleaner element, check drive belt, and replace dust and pollen filter. Replace oil, oil filter and check "various systems and components" Just as a point of reference, most of these items can be completed in your driveway for less tha...
by Daryl
Sun Oct 21, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Kitces link: The Spectrum of Financial Dependence and Independence
Replies: 30
Views: 3549

Re: Kitces link: The Spectrum of Financial Dependence and Independence

Level 7: Retirement savings, education savings, and avoidance of consumer and auto debt. You still rely on bosses and customers, but you can foresee a time when your current savings will open up a new level of independence for you and your family. This is the most realistic goal for most people. Th...
by Daryl
Sun Oct 21, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Best Investments for an HSA account using TD Ameritrade
Replies: 6
Views: 820

Re: Best Investments for an HSA account using TD Ameritrade

I am in my late-20s, and am hoping to hold this investment for the next forty or so years. At the same time, you never know when a health emergency will come up so I am not looking to take on too much risk. Before choosing any investments, the first step really is determining what would cause you t...
by Daryl
Fri Oct 19, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Avoiding Wash Sale: FSTVX -> ITOT
Replies: 7
Views: 982

Re: Avoiding Wash Sale: FSTVX -> ITOT

What would it look like if you decided to plot the total return of these two funds on a chart? Are they "substantially identical"? By asking this question it would seem that you already feel that these are very similar, and you are concerned that you make be about to do something wrong. The IRS has ...
by Daryl
Fri Oct 19, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: Selling to CarMax if maintenance light is on?
Replies: 33
Views: 3020

Re: Selling to CarMax if maintenance lights on?

I recently sold a car to CarMax. They asked me some general questions about my car and then took it back for their inspection. I was able to watch part of the process from their waiting room. Their inspection seemed reasonable. When they shared their offer with me, they noted some of the recent repa...
by Daryl
Fri Oct 19, 2018 5:51 am
Forum: Investing - Help with Personal Investments
Topic: What if your risk tolerance is lower than what's best for your portfolio?
Replies: 51
Views: 3923

Re: What if your risk tolerance is lower than what's best for your portfolio?

I just hate losing money, even if it's only paper losses, especially now that I'm semi-retired. (I've lived through bears and recessions and don't panic sell. But my mood goes south.) I wish we spoke more about the emotional aspect of investing because it is almost impossible to understate it's imp...
by Daryl
Thu Oct 18, 2018 3:52 am
Forum: Personal Consumer Issues
Topic: When to change tires; and what brand
Replies: 131
Views: 8464

Re: When to change tires; and what brand

2/32nds. At that point the car fails to pass my annual state safety inspection. The brand varies based on the estimated useful life of the car. I'm always looking for a good value, which means that I'm willing to pay a couple extra dollars for a better product, but I typically avoid the top echelon....
by Daryl
Mon Oct 15, 2018 5:52 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36337

Re: free dinner investing seminar

Scrapr wrote:
Sat Oct 13, 2018 11:55 pm
I am not declaring this on my 1040 :moneybag :sharebeer
Why not? You seem to understand that this is "income".
by Daryl
Sun Oct 14, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit investing
Replies: 5
Views: 331

Re: Non-profit investing

What do your donors think of the idea? I'm on the Board of a smaller non-profit (about 60 members); however, our operations are very capital intensive. Our major donor was very interested in seeing our organization investing in "high dividend yield" equities, especially with lower market capitalizat...
by Daryl
Tue Oct 09, 2018 5:11 am
Forum: Investing - Help with Personal Investments
Topic: When to buy some form of US bonds?
Replies: 6
Views: 1021

Re: When to buy some form of US bonds?

My investing strategy is simple. I assume that I'm the dumbest person in the room. Everything I know is based on "fake news" and other lies. The odds are that if I pick an asset allocation, and stick with it, I'll be just fine in the end.
by Daryl
Tue Oct 09, 2018 4:50 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate/state your income?
Replies: 13
Views: 1246

Re: How do you calculate/state your income?

Depends if I'm on a date or talking to the IRS!

Since I work for Megacorp, I think of income in terms of Social Security / Medicare wages from my W-2. This is before the deduction for 401K contributions.
by Daryl
Mon Oct 08, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: vix option how to buy costs and returns [CBOE Volatility Index]
Replies: 4
Views: 339

Re: vix option how to buy costs and returns [CBOE Volatility Index]

Im 59 semiretired 300k cash/realestate/401k total assets and nodebt, and empty nester Is your total net worth $300k? If so, I really would like to understand your retirement / legacy goals. While you have much, much more than a lot of people, your current nest egg would not fund the type of retirem...
by Daryl
Sat Oct 06, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Level of Auto Insurance to carry
Replies: 35
Views: 1872

Re: Level of Auto Insurance to carry

Not my experience over lat 40 years. Saved a lot with high deductible collision and comprehensive. Insurance is very local, but in my area, increasing / decreasing comp/collision deductibles really didn't have a meaningful impact on annual premiums. I live in Lake Wobegon, where all the drivers are...
by Daryl
Thu Oct 04, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Micro Question for a Micro Amount of Money
Replies: 10
Views: 750

Re: Quick Micro Question for a Micro Amount of Money

Hello, I just opened a Roth at Fidelity that I plan to start funding with anywhere from $100-$1000 a month, which I kicked off with my first $400. I planned to put this into a single index fund like a Large Blend 500, but I see I need $2500 minimum to start FUSEX. Is there another index you might r...
by Daryl
Wed Oct 03, 2018 5:27 am
Forum: Personal Consumer Issues
Topic: Landlord wants to raise rent, but is asking if he can?
Replies: 54
Views: 5560

Re: Landlord wants to raise rent, but is asking if he can?

Every good, experienced landlord knows that there is nothing more expensive in real estate investing than vacancy. Better to have a unit that is slightly below "market rents" and a great tenant than an empty unit earning nothing. The best time to increase rents is with the natural turn-over of the u...
by Daryl
Wed Oct 03, 2018 4:49 am
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 81
Views: 16115

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

I have a CD maturing on 10/15/2018 at Fidelity. Is it possible to buy 1-year T-bills (auction on 10/9/2018, settlement on 10/11/2018) with the proceed of the CD? I've enabled margin trading on my Fidelity account so I don't think this would be an issue. Trying this in a cash account could be proble...
by Daryl
Thu Sep 27, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - Private mortgage on investment property
Replies: 8
Views: 608

Re: FAFSA - Private mortgage on investment property

I'd avoid this whole situation as I don't have any interest in mixing extended family relationships and finances! Let's assume you borrow the funds from an unrelated third party and that the arrangement includes reasonable terms. Without reading any of the instructions, I'd probably be OK reporting ...
by Daryl
Wed Sep 26, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: Exactly how do index funds work?
Replies: 15
Views: 1844

Re: Exactly how do index funds work?

"The Wizard"'s post is spot on. Most of us realize that index funds employ a sampling technique to match (as closely as possible) the return of the underlying index. This creates tracking error, which may result in over/under performance with respect to the underlying index. In some cases, tracking ...
by Daryl
Sat Sep 22, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: When is it OK to not go through car insurance after you've been hit?
Replies: 17
Views: 1918

Re: When is it OK to not go through car insurance after you've been hit?

I'd recommend reporting it. It is likely that the insurance companies can help expedite the repair process, and they may have negotiated rates with the body shop / rental car place (if needed). I was recently rear-ended. It didn't look too bad, but the body shop was able to see structural damage onc...
by Daryl
Thu Sep 20, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Bad Investments Within Foundation
Replies: 6
Views: 530

Re: Bad Investments Within Foundation

I served on a volunteer investment committee such as you described! Our major donor wanted to us to consider individual stocks (highly concentrated positions). I simply asked for an investment policy statement with clearly defined entry/exit points and benchmarks. He thought I was a PITA. Other memb...
by Daryl
Tue Sep 18, 2018 4:07 am
Forum: Investing - Theory, News & General
Topic: 401k: Why not only after-tax?
Replies: 37
Views: 4230

Re: 401k: Why not only after-tax?

The current year tax deferral is at my marginal tax rate. In three decades, when I take RMDs, I'll be "filling in" the lowest tax brackets first and my effective tax rate in retirement will be significantly less than my current marginal tax rate. When that happens, "tax deferral" essentially turns i...
by Daryl
Fri Sep 14, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10344

Re: Anyone else not save for cars?

The manufacturer was providing a low rate loan so I went with it. Financed 100% of the car's price. Signed a couple of forms and they handed me a set of keys. Buying a car with $0 money down (and a super low rate) was surreal. I've worked hard to stay on top of my personal finances, and my credit sc...
by Daryl
Sun Sep 09, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Fee Wars Will Encourage Bad Behavior
Replies: 26
Views: 2683

Re: Mutual Fund Fee Wars Will Encourage Bad Behavior

What is missing from some of these arguments is any understanding of "tracking error". When I buy a passively managed investment, I want it to track the underlying index. A mutual fund/ETF that fails to adequately track the underlying is useless, even if it has a low fee! Note: Tracking error can be...
by Daryl
Sun Sep 09, 2018 6:20 am
Forum: Personal Consumer Issues
Topic: Getting Top Dollar for Selling our Condo
Replies: 16
Views: 1300

Re: Getting Top Dollar for Selling our Condo

One house flipper listed his project before any work had been completed with a note that price would increase throughout the project. He received a satisfactory offer in a week or two (before "appliances matched"). I'm sure he would have slapped a new coat of paint on the unit if he thought it would...
by Daryl
Sun Sep 09, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: home and vehicle insurance quotes
Replies: 3
Views: 397

Re: home and vehicle insurance quotes

I've been with the same carrier for about a decade. Every once in a while I'll shop around, send a couple competitive quotes (from other carriers) to my current agent and we'll compare them together. As in most things, I'm always looking for value when it comes to my insurance premium dollars. Part ...
by Daryl
Sat Sep 08, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1773

Re: Buy a house that needs full renovation?

alil wrote:
Sat Sep 08, 2018 7:39 am
I do expect to bring the price down significantly - hopefully 210K.
If I was the seller and you did that to me, I'd terminate the house sale process and seek financial damages. It isn't reasonable to offer >$250K, then get cold feet and demand a 20% price concession!
by Daryl
Sat Sep 08, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare sharing programs
Replies: 19
Views: 1140

Re: Healthcare sharing programs

I'm confident that this community can a great discussion on this topic. The most important thing to consider with these plans is that they are not "insurance" in the traditional sense. There is no risk transfer. The patient is responsible for 100% of the medical costs incurred. They may seek reimbur...
by Daryl
Thu Sep 06, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2629

Re: Rent Increase or Not?

<-- Another renter. It is my understanding that good rentals are much easier to find than good tenants. I highly recommend that you price your rental at the highest price the market will bear and then work to find the right tenant. After that, do everything that you can to keep them happy (and those...
by Daryl
Mon Sep 03, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Under insured motorist insurance
Replies: 19
Views: 1057

Re: Under insured motorist insurance

Another factor is that I think I am a safer driver than average and the rates are set for the average driver. So on a statistical basis I am money ahead particularly since the insurance company has to pay their expenses and make a profit on their premiums. All insurance is local, so perhaps things ...
by Daryl
Thu Aug 30, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Which formula to use to calculate personal Savings Rate?
Replies: 9
Views: 999

Re: Which formula to use to calculate personal Savings Rate?

Adjusted Livesoft Income

Just kidding! I don't go through that much effort. I save what I can based on my basic living expenses and a couple hobbies. I'm striving to have "enough" for today and tomorrow. Learning what contentment means for each of us is an incredibly liberating experience!
by Daryl
Tue Aug 28, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: 28/F - First time home buyer needs advice on saving more
Replies: 39
Views: 3913

Re: 28/F - First time home buyer needs advice on saving more

5-6% and seller pays half so you are really only looking at 2-3%. 10% seems way off base to me. In my experience, the seller pays all of it. It comes out of the negotiated price. The buyer doesn't spend more to compensate their agent. This is one of my pet peeves. When comparing "rent vs buy", I AL...
by Daryl
Mon Aug 20, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7741

Re: Are millennials botching their asset allocations?

0% Equity and 100% equity accounts don't tell the whole story. I'm in this demographic and have a little bit of each. To one broker, I'm a 100% fixed income investor. To another, I'm 100% equities. Neither sees the whole picture.
by Daryl
Fri Aug 17, 2018 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Home Insurance ?
Replies: 34
Views: 3087

Re: Cheapest Home Insurance ?

You may want to reconsider your approach to insurance and instead focus on value. When I pay premiums, I'm doing so based on the expectation that the company will be solvent (able to pay for the damages I cause), provide outstanding claims service, and answer any premium / coverage related questions...
by Daryl
Wed Jul 25, 2018 6:10 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2357

Re: How much car can I buy?

Honda Civic! Wait.... Two small children? Perhaps an Accord is in your future!
by Daryl
Mon Jul 23, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 3985

Re: Anyone sell their car to Carmax or webuyanycar.com?

Sold a 10 year old Toyota Rav4 to Carmax. Received a fair offer. Accepted it. Deposited the check in my bank, and it bounced! Called Carmax the very next day. Entire staff was very apologetic, and offered to bring a replacement check to my office that same day. I explained that wasn't necessary. The...
by Daryl
Wed Jul 11, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2256

Re: Living above means until March 1st

As someone who "front-loads" my 401k contributions, I'm typically cash-flow negative for the first part of each year (until I hit the IRS limit)
by Daryl
Tue Jul 10, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much should i expect to pay for car insurance?
Replies: 22
Views: 1498

Re: How much should i expect to pay for car insurance?

I'm on the opposite side of the Delaware River (Philly suburbs). I could easily pay anywhere from $750 - $2,000 annually for premiums, with the same company! It depends on which coverages I selected, and associated limits.
by Daryl
Tue Jul 10, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Car totaled by uninsured driver
Replies: 37
Views: 3682

Re: Car totaled by uninsured driver

Out of curiosity, what state do any of you live in where this loss would be covered under underinsured/uninsured motorist? Typically these would cover bodily injury only (and have $0 deductible). The property damage, is probably a collision claim which is why we've seen so many mentions of deductibl...
by Daryl
Sat Jul 07, 2018 7:00 am
Forum: Personal Consumer Issues
Topic: Which advanced tech is necessary in cars?
Replies: 86
Views: 5046

Re: Which advanced tech is necessary in cars?

Ultimately, "necessary advanced tech" can only be determined after an accident that would have been otherwise prevented :oops: My 2017 Honda Civic has almost all of the safety features mentioned below (missing blind spot monitoring). Did I buy this car just to get that tech? No! Rather, I consider i...
by Daryl
Tue Jun 26, 2018 5:23 am
Forum: Personal Finance (Not Investing)
Topic: Excess Liability
Replies: 10
Views: 886

Re: Excess Liability

I'm assuming that most insurance agents within the United States use the terms "excess liability" and "umbrella" interchangeably. Please understand that auto liability / excess liability insurance policies are primarily for the benefit for third parties! Most of my personal assets already enjoy sign...
by Daryl
Mon Jun 18, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5820

Re: How much car to buy reasonably?

Honda Civic.

I could afford to drive a "status symbol", but why? The new Civics are a lot of fun!
by Daryl
Mon May 28, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: Can anyone recommend Any Social Responsible fund/s?
Replies: 17
Views: 1550

Re: Can anyone recommend Any Social Responsible fund/s?

Of course universal agreement on a definition of "socially responsible" is an elusive goal, hard to imagine any low cost socially responsible fund that can keep all investors who call themselves socially responsible completely satisfied. +1 - "Socially Responsible Investing" is so hard to define, e...