Search found 604 matches

by Daryl
Mon Jun 22, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate closing - what time of day of closing does ownership transfer?
Replies: 31
Views: 1658

Re: Real estate closing - what time of day of closing does ownership transfer?

Honestly, I’d just ask the buyer if it was OK to leave those items in the house until the next day. A little bit of goodwill goes a long way!
by Daryl
Sun Jun 21, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Selling an RV: how to safely receive payment?
Replies: 27
Views: 2261

Re: Selling an RV: how to safely receive payment?

If I was selling something for $100K, and I had any doubt about the buyer's character/integrity, I'd meet them at the bank and offer to pay any and all wire transfer fees.
by Daryl
Tue Jun 09, 2020 6:08 am
Forum: Personal Finance (Not Investing)
Topic: How do I get the best mortgage?
Replies: 32
Views: 2875

Re: How do I get the best mortgage?

Unfortunately my credit had already been pulled by the time I read this post. What type of problem have I created for myself now that my credit has been pulled? Minimal impact, but depends somewhat on your credit score. If you are someone who always pays your bills on time you are probably already ...
by Daryl
Fri May 08, 2020 4:55 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8756

Re: Percentage of savings to "prepping"?

I (perhaps mistakenly) believe that tomorrow will be much like today. My catastrophe plan is to head west a couple hundred miles to my parents place, where food "magically" appears in the fridge and I don't have any bills to pay! If needed I could "shelter in place" for quite a long time with minima...
by Daryl
Tue Mar 31, 2020 6:00 am
Forum: Investing - Theory, News & General
Topic: Where Is The SP 500 Future
Replies: 32
Views: 3112

Re: Where Is The SP 500 Future

I'm on record of projecting a year-end S&P 500 value of 3,535.35 (2020 Boglehead Contest). I'm still hoping my forecast was on the bearish side, but you may not want to rely on my crystal ball any further out than that. It is looking a little cloudy at the moment!
by Daryl
Thu Mar 19, 2020 9:06 pm
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6404

Re: When will S&P 500 go back to 3386 ?

If I want to have a chance of winning the Boglehead contest, I need the S&P 500 to increase even more than 3386!
Daryl wrote:
Fri Jan 10, 2020 3:32 am
3535.35 (as they say in the financial news, I'm "cautiously optimistic", which I'm pretty sure translates to "I have no idea what I'm talking about")
by Daryl
Sat Mar 07, 2020 4:53 pm
Forum: Personal Investments
Topic: Wash Sale Question: VOO & VTI Substantially Identical?
Replies: 88
Views: 4627

Re: Wash Sale Question: VOO & VTI Substantially Identical?

Michael Kitces looked at this from the prospective of the correlation between the original security, and the one that your replaced it with. His interpretation of the rule is very conservative. https://www.kitces.com/blog/the-wash-sale-problem-when-tax-loss-harvesting-almost-substantially-identical-...
by Daryl
Wed Mar 04, 2020 6:29 am
Forum: Investing - Theory, News & General
Topic: Preparation for ZIRP/NIRP (zero/negative interest rate policy)
Replies: 101
Views: 7466

Re: Preparation for ZIRP/NIRP

Directly from my IPS: "In case of ZIRP/NIRP, turn off the TV and go for a bike ride".
by Daryl
Tue Mar 03, 2020 1:40 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a margin account?
Replies: 10
Views: 512

Re: Anyone have a margin account?

Yes, but I can't remember the last time I used it. I can probably trade on "unsettled funds", but I can't even remember the last time I made a trade (other than my regular 401k contributions and my annual IRA contribution).
by Daryl
Fri Feb 28, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to decide whether to have the car fixed, or take the insurance money
Replies: 15
Views: 698

Re: How to decide whether to have the car fixed, or take the insurance money

Who did the estimate? I was rear ended a couple of years ago. I thought there was maybe $2K worth of damage to my car (Honda Civic). The body shop noticed a lot more things than I did. $600 really isn't even enough money to repaint a part.
by Daryl
Thu Feb 27, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18949

Re: Who else has sold? If you haven't do you have Plan B?

Last week I had an asset allocation that I was comfortable with. I knew that markets to up and down, and I had some idea of the expected volatility of my portfolio. A 10% move (up or down) isn't enough to change my plan. I'll keep doing what I was doing.
by Daryl
Thu Feb 20, 2020 7:05 am
Forum: Personal Investments
Topic: Just got a Roth IRA in January. Need help with portfolio
Replies: 8
Views: 461

Re: Just got a Roth IRA in January. Need help with portfolio

Asking Portfolio Questions <-- Recommended format for portfolio questions. Also, a good way to learn what you have even if you don't plan on sharing additional details!
by Daryl
Thu Feb 20, 2020 7:00 am
Forum: Personal Investments
Topic: Just got a Roth IRA in January. Need help with portfolio
Replies: 8
Views: 461

Re: Just got a Roth IRA in January. Need help with portfolio

SWTSX Most of us have no idea what this is. I had to Google it - Schwab Total Stock Market Index Fund, Expense Ratio 0.03%. Looks good. I plan to invest 1K or more every month in a Roth IRA. The IRA limit is $6K annually. You have until April 15th 2020 to make a contribution for last year. It wasn'...
by Daryl
Sun Feb 16, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: Checkbook IRA LLC for Rental Property?
Replies: 16
Views: 852

Re: Checkbook IRA LLC for Rental Property?

This is actually fairly difficult as you'd have to own the home outright with IRA assets (no mortgage), and you couldn't perform simple maintenance yourself. That would be a "prohibited transaction". If you did, the IRS could deem this an early distribution, subject to a 10% penalty and you'd owe ta...
by Daryl
Sun Feb 16, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone visualize their finances?
Replies: 48
Views: 3461

Re: How does everyone visualize their finances?

Google Sheets. I update the number of shares (ETFs/Mutual Funds) routinely. I track overall asset allocation (fixed income / equities) and tax treatment (Traditional 401K/IRA, Roth IRA / HSA, and Taxable). There is another tab with a "projected" tax return that I create around the middle of each year.
by Daryl
Wed Feb 12, 2020 7:37 am
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 102
Views: 7619

Re: What are your not free but still frugal hobbies?

Running? More about getting staying healthy, but still a hobby, I guess. Well, running (no pun intended) the numbers, it is not cheap :) Nevermind, I guess! $240 in shoes yearly, 4-pairs. 1,100 miles per year, 140ish hours per year = $1.69 per hour. Of course, the health benefits are not able to be...
by Daryl
Mon Feb 10, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates Projections?
Replies: 3
Views: 414

Re: Mortgage Rates Projections?

I have some really bad news. The bank employee that you spoke with knows about as much about the future direction of mortgage rates as your garbage man. Nobody knows nothing!
by Daryl
Mon Feb 10, 2020 6:51 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 264
Views: 20231

Re: What is your most luxury/expensive hobby.

A couple friends and I keep our airplane a couple miles from Vanguard's HQ. Pilots speak of maintenance costs in "AMUs" (Aviation Monetary Units), where 1 AMU = $1,000. This year we are replacing the engine, seat covers, and carpet. Our mechanic hasn't yet started the annual inspection, and the prop...
by Daryl
Sun Feb 09, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: LSA Aircraft
Replies: 4
Views: 532

Re: LSA Aircraft

A good club/partnership can really be amazing. I have the keys to a Cessna 150. Utilization is low (availability really is good). Our club has a couple CFIs. We are trying to decide when we'll re-upholster the seat, and if we want to equip it for IFR training. We're underneath the outer shelf of the...
by Daryl
Wed Feb 05, 2020 6:27 am
Forum: Personal Consumer Issues
Topic: Would you drive without a spare tire?
Replies: 193
Views: 11562

Re: Would you drive without a spare tire?

The older I get, the less likely I am to change a flat tire on the side of the road! My car has a spare, but I don't plan to use it. I have about 6 years left of road side assistance through my vehicle's manufacturer. After that, I'll add road-side service coverage to my insurance policy. Last I loo...
by Daryl
Sat Feb 01, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does BofA have public $300 checking bonus often?
Replies: 5
Views: 671

Re: Does BofA have public $300 checking bonus often?

I just moved some assets to Merrill Edge for $900, and another $500 for opening a "Premier Rewards" credit card (less a $95 annual fee). The higher cash back on the credit card (compare to the Fidelity 2% card) makes the annual fee a wash at my level of spending. The card also includes some travel b...
by Daryl
Sat Jan 25, 2020 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Car loans: low interest rate but higher insurance rate?
Replies: 13
Views: 1001

Re: Car loans: low interest rate but higher insurance rate?

Most insurance companies won't let you go higher than a $500 deductible, and make you carry full/everything insurance on the vehicle if you have a loan on it. So, you cant pick $1000 deductible and skip comp or collision or whatever to lower your insurance. Just another data point - I'm currently w...
by Daryl
Fri Jan 24, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 37
Views: 3183

Re: Merrill Edge $900 preferred rewards brokerage bonus

I'll be trying this after work today (local branch is open until 6 PM on Friday). Like you, I'll be transferring part of my fixed income portfolio. I'm hoping the local branch can expedite/waive part of the 90 day period to qualify for "Platinum Honors" with a $200K deposit (ETFs). After receiving t...
by Daryl
Sat Jan 11, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: When a bargain car loan is no "bargain"
Replies: 49
Views: 3582

Re: When a bargain car loan is no "bargain"

I once had a car salesman's face literally fall when we arrived at a price, signed something, and he said "Now let's discuss financing," and I pulled a checkbook out of my pocket and said, "Oh, I think I'll just pay cash." I was talking with a couple about their experience shopping for a new constr...
by Daryl
Sat Jan 11, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: When a bargain car loan is no "bargain"
Replies: 49
Views: 3582

Re: When a bargain car loan is no "bargain"

I spent $20k on a nice modern Volvo SUV coming off lease with plenty of safety features (eyesight had already saved me from a fender bender or two by automatically applying the brakes when I was looking the other way ready to go through a stop sign and the person in front of my stopped short), and ...
by Daryl
Fri Jan 10, 2020 3:32 am
Forum: Investing - Theory, News & General
Topic: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST
Replies: 684
Views: 20964

Re: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST

3535.35 (as they say in the financial news, I'm "cautiously optimistic", which I'm pretty sure translates to "I have no idea what I'm talking about")
by Daryl
Tue Jan 07, 2020 6:55 am
Forum: Personal Consumer Issues
Topic: Jumper cables
Replies: 83
Views: 5561

Re: Jumper cables

portable battery jump pack + jumper cables. Especially on newer cars, be mindful on where you store them in the vehicle --rear cargo might be an awfully inconvenient place if its electronic release hatch with a dead battery. Most cars probably have a manual override for the electronic hatch release...
by Daryl
Tue Jan 07, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: Just got a rent check dated 1/1/19
Replies: 41
Views: 4152

Re: Just got a rent check dated 1/1/19

Coming from the other side of the issue (I'm a renter), my expectation would be that my landlord would send me a text message, "Hey - Your last rent check had the wrong date on it. Would you be able to send me a new one?" I'd of course issue a new one, and expect that he'd return to me the old check...
by Daryl
Sun Jan 05, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: Bid, Ask, Size
Replies: 3
Views: 436

Re: Bid, Ask, Size

You might want to try getting a quote during regular market hours. The bid/ask spread should be a penny (actually a lot less)
by Daryl
Fri Jan 03, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Faith driven investing
Replies: 71
Views: 4941

Re: Faith driven investing

Jags4186 wrote:
Fri Jan 03, 2020 4:36 pm
...invest for maximum return and then use the proceeds to help fund causes you support.
This is the approach that I've taken. It has worked out very well for me and the causes I support.
by Daryl
Sun Dec 15, 2019 5:20 pm
Forum: Investing - Theory, News & General
Topic: Survey on how the S&P will do in 2020...
Replies: 14
Views: 1066

Re: Survey on how the S&P will do in 2020...

Not to brag, but my crystal ball was working really well last year: Boglehead Contest
by Daryl
Fri Dec 13, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Expecting to use my renter insurance for the first time, anything I should be aware of?
Replies: 13
Views: 1382

Re: Expecting to use my renter insurance for the first time, anything I should be aware of?

Am I still covered under my renter liability coverage, given that it was a visiting parent who started the stove fire (his name not on the insurance since he is not living in my home)? I like to make my insurance agent earn their commission! One of the ways they can do this is by sitting down with ...
by Daryl
Thu Dec 12, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Expecting to use my renter insurance for the first time, anything I should be aware of?
Replies: 13
Views: 1382

Re: Expecting to use my renter insurance for the first time, anything I should be aware of?

I work for a large property and casualty insurance carrier. We probably wouldn't increase premiums for an Insured for opening a claim, reviewing coverage with the Insured, and then closing the claim with $0 paid. Additionally, we probably wouldn't increase premiums if we paid a claim, and then were ...
by Daryl
Fri Dec 06, 2019 6:59 am
Forum: Personal Investments
Topic: 12% bracket and Capital gains, interest and dividends tax
Replies: 18
Views: 1925

Re: 12% bracket and Capital gains, interest and dividends tax

What type of account are we discussing? Tax treatment of investment returns inside a Roth IRA is very different than a "normal" / taxable investing account.
by Daryl
Fri Dec 06, 2019 6:52 am
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 9005

Re: [Dow] dropped 250 points today?

Wow, my Fidelity account is up $60 in one day! Is that good? +0.39% No! What you want to see is the market continuing to decline as you continue to invest so that the dollars you are investing buy more and more shares. Then, at the end of your working years, you want to see the opposite (market val...
by Daryl
Thu Dec 05, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 9005

Re: [Dow] dropped 250 points today?

Wow, my Fidelity account is up $60 in one day! Is that good? +0.39% No! What you want to see is the market continuing to decline as you continue to invest so that the dollars you are investing buy more and more shares. Then, at the end of your working years, you want to see the opposite (market val...
by Daryl
Thu Dec 05, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Church Loan Question
Replies: 17
Views: 1809

Re: Church Loan Question

Additionally the complexity of the transaction would concern me. +1 If I was serving on a Board and heard about something like this, I'd be asking a lot of questions! I'd assume that you have a fiduciary duty to do so as well. There may have been a very good reason to structure the mortgage in this...
by Daryl
Thu Dec 05, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 9005

Re: [Dow] dropped 250 points today?

Wow, my Fidelity account is up $60 in one day! Is that good? +0.39% No! What you want to see is the market continuing to decline as you continue to invest so that the dollars you are investing buy more and more shares. Then, at the end of your working years, you want to see the opposite (market val...
by Daryl
Tue Dec 03, 2019 6:45 am
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 9005

Re: [Dow] dropped 250 points today?

So I guess the fall had something to do with Trump saying he's going to reinstate tariffs on steel with Brazil and Argentina. I was going to purchase another index, but I'm now wondering if I should yet or I should wait to see if the market falls further down. Be like Bob, the world's worst market ...
by Daryl
Mon Dec 02, 2019 9:34 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Help Poor Families at the Holiday Season?
Replies: 43
Views: 3010

Re: Best Ways to Help Poor Families at the Holiday Season?

A little over a decade ago I volunteered with an organization that works to rebuild lives by rehabilitate housing for low income families. Around the holidays we might give our homeowners a small gift, but the really meaningful work that we do is in listening to them and treating them with dignity a...
by Daryl
Tue Nov 26, 2019 9:09 am
Forum: Personal Investments
Topic: Can someone help me purchase my first mutual fund?
Replies: 118
Views: 7299

Re: Can someone help me purchase my first mutual fund?

If I had to pick one area of the market that is "expensive", it's clearly large domestic as monopolized by the total market funds. Putting all eggs into that basket at any time is dubious. Trying to find the "expensive" and "cheap" securities is really, really tough, so instead of looking for the n...
by Daryl
Tue Nov 26, 2019 8:31 am
Forum: Personal Investments
Topic: Can someone help me purchase my first mutual fund?
Replies: 118
Views: 7299

Re: Can someone help me purchase my first mutual fund?

Then I can just start my brokerage at Fidelity with the money above my $6K limit? I have in the higher tens of thousands to mess with, but I really only want to maybe mess with $10k at the moment. I'm assuming the $6K that you've already contributed is your 2019 Roth IRA contribution. If you are ma...
by Daryl
Sat Nov 23, 2019 1:50 pm
Forum: Personal Investments
Topic: Do you keep deposting money into IRA while "market crashes"?
Replies: 44
Views: 4486

Re: Do you keep deposting money into IRA while "market crashes"?

I've been making the maximum contribution to my IRA on the first trading day of the year. This year I'll be buying a bond fund since equities have been doing so well lately and I want to get back to my target allocation.
by Daryl
Wed Nov 20, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Funding ideas for flight school
Replies: 9
Views: 1390

Re: Funding ideas for flight school

Has your son already taken a flight in a small airplane? I'm a member of a couple flying clubs west of Philadelphia (planes based out of N57 and OQN). A lot of us who have planes love having company! I don't want you posting more personally identifiable information than you are comfortable sharing, ...
by Daryl
Tue Nov 19, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best insurance company for auto, renters, umbrella insurance
Replies: 28
Views: 2276

Re: Best insurance company for auto, renters, umbrella insurance

Thanks for all the responses! Many posters reference premiums; I'm more interested in track record on paying claims? I've filed a couple claims with State Farm. I was rear-ended both times and elected to file through my own coverage collision coverage both times, and both times State Farm was able ...
by Daryl
Sun Nov 17, 2019 7:57 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16478

Re: Spend It All vs. Leave $$ for the Kids

When I speak with my family about inter-generational wealth transfer, it is usually around values and priorities (and not absolute dollars!). At this stage in our respective lives (parents in 60's and my brothers and I in our 30's), I know my parents are giving more money to their church and to vari...
by Daryl
Fri Nov 15, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14309

Re: Best thing you have ever bought?

Cessna 150 (fractional ownership)
by Daryl
Sun Nov 10, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need to add houseguests to homeowners or umbrella insurance?
Replies: 18
Views: 1637

Re: Need to add houseguests to umbrella or homeowners insurance?

I guess I’m more concerned let’s say they are cooking and burn our place down, then the neighbors house also burns down. Will we be covered by our homeowners policy and umbrella policy? In other words, how long can one stay with us before needing to be added to insurance policies? When is a house g...
by Daryl
Sun Nov 10, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Need to add houseguests to homeowners or umbrella insurance?
Replies: 18
Views: 1637

Re: Need to add houseguests to umbrella insurance?

Will they be driving any of your vehicles? If so, I'd recommend letting your insurance agent know. The agent and their company probably won't care, but I could be wrong and I would hate to see a claim denied due to poor advice from a random stranger on the internet!
by Daryl
Fri Nov 01, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Hudson Insurance Group for Umbrella Insurance
Replies: 5
Views: 685

Re: Hudson Insurance Group for Umbrella Insurance

I could be missing something, but what is the argument against using the same carrier for home, auto, and umbrella? In case of a claim, I really don't want my auto carrier arguing with my umbrella carrier. Instead, I want both arguing on my behalf / paying damages I caused.