Search found 5910 matches

by mptfan
Sat May 23, 2020 7:22 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63029

Re: So bottom is probably behind us....right?

Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time? I don't recall lots of people saying in March that we were heading for the biggest crash of all time. Really? That seemed like half the posts on this forum back then. B...
by mptfan
Thu May 21, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3387

Re: Do you dislike recurring billing for gyms?

Yes, you have discovered one of the often overlooked but problematic business practices of some gyms (and newspapers, magazines, alarm companies, "product of the month" clubs and others that rely on subscription models) to require you provide them a mechanism to automatically take funds from your b...
by mptfan
Thu May 21, 2020 10:08 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3387

Re: Do you dislike recurring billing for gyms?

Why single out gyms? Because they have a bad reputation for taking advantage of people with recurring charges and unfair terms that make it difficult to cancel those recurring charges like requiring the notice to be given in writing to the gym at least 60 days in advance (you can't do it online) an...
by mptfan
Thu May 21, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3387

Re: Do you dislike recurring billing for gyms?

There's no way I'm letting some company have access to my checking or savings account, but even recurring billing to my credit card bothers me. I'm always concerned that they'll keep billing even after I've terminated membership, and then if I contest the charges, they'll claim that I didn't follow...
by mptfan
Thu May 21, 2020 9:26 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Next, we’ll talk about the fact that the cited law doesn’t even require a US citizen to present the US passport at entry to the US. That is true, but it does make in unlawful to enter or attempt to enter the U.S. without bearing a U.S. passport. I should also note there is a list of exceptions in t...
by mptfan
Thu May 21, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Good grief. What is all this "debate" about? The debate is in response to the assertion that it is illegal for a U.S. citizen to depart the U.S. without presenting a U.S. passport to the ticket agent. And the further assertion that any suggestion to do otherwise was illegal and therefore frowned up...
by mptfan
Thu May 21, 2020 8:01 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

U.S. nationals, including dual nationals, must use a U.S. passport to enter and leave the United States. https://travel.state.gov/content/travel/en/legal/travel-legal-considerations/Advice-about-Possible-Loss-of-US-Nationality-Dual-Nationality/Dual-Nationality.html That is a reference to advice pub...
by mptfan
Wed May 20, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16722

Re: [On-going Scams - Post them here]

Caduceus wrote:
Wed May 20, 2020 2:05 pm
It was very friendly at first, but eventually she threatened to release the videos to pornsites and to his contacts if he didn't send the money.
How would she know his contacts?
by mptfan
Wed May 20, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16722

Re: [On-going Scams - Post them here]

He also sent a short message stating that he was disappointed his trust had been betrayed because he had genuinely been interested in her, but that he did not do anything wrong and that it was she who needed to be ashamed of her actions. He does not know that the person was a "her." It could have b...
by mptfan
Wed May 20, 2020 2:35 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

Slowtraveler wrote:
Wed May 20, 2020 10:23 am
Use your US passport just to pass entrance and exit immigration in USA. Otherwise, use the other.
What is "exit immigration in USA?" Exit immigration sounds like an oxymoron, and you don't go through U.S. immigration when leaving the U.S..
by mptfan
Wed May 20, 2020 2:28 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16722

Re: [On-going Scams - Post them here]

Caduceus wrote:
Wed May 20, 2020 2:05 pm
It was very friendly at first, but eventually she threatened to release the videos to pornsites and to his contacts if he didn't send the money.
Did he send money?
by mptfan
Wed May 20, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 297
Views: 16722

Re: [On-going Scams - Post them here]

cheese_breath wrote:
Wed May 20, 2020 2:24 pm
Your friend was lucky it was sextortion, and not a police woman trying to ferret out online perverts.
The police do not try to ferret out online perverts because online perversion is not a crime.
by mptfan
Wed May 20, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

I am a dual national myself, and I would never attempt to leave the country with the US passport in my pocket, while presenting different passport to the ticket agent. Why do that? Just to see if I can? And if I can, then hope the entire time abroad that there will be no negative consequences upon ...
by mptfan
Wed May 20, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

The law that you are unaware of and doubt it even exists, has already been cited by another poster upthread. Here it is again, word for word: 8 U.S. Code § 1185.Travel control of citizens and aliens (b)Citizens Except as otherwise provided by the President and subject to such limitations and except...
by mptfan
Wed May 20, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63029

Re: So bottom is probably behind us....right?

Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time? I don't recall lots of people saying in March that we were heading for the biggest crash of all time. Really? That seemed like half the posts on this forum back then. B...
by mptfan
Tue May 19, 2020 3:01 pm
Forum: Personal Consumer Issues
Topic: Dual citizen, USA passport expiring, how to travel internationally
Replies: 72
Views: 3972

Re: Dual citizen, USA passport expiring, how to travel internationally

I don't know the answer to that, mostly because I never tried. The rules are very clear though. Just thinking through the process, I don't know how you would leave the country to begin with. The agent will ask for US passport, and you will say I don't have it, but here is an alternative "SA" passpo...
by mptfan
Tue May 19, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4579

Re: How did you determine your target savings rate?

ship_at_sea wrote:
Mon May 18, 2020 5:53 pm
JD2775 wrote:
Mon May 18, 2020 5:48 pm
Not really related I guess, but how are you contributing 7k a year to your HSA account as a single person?
Our kids are covered by my HDHP, so even though I'm single, it's still a family plan and the family limit applies.
+1 Single people can have families.
by mptfan
Tue May 19, 2020 6:08 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63029

Re: So bottom is probably behind us....right?

Stef wrote:
Mon May 18, 2020 10:42 am
Where are all the people that sold in March because this time was different and we were heading for the biggest crash of all time?
I don't recall lots of people saying in March that we were heading for the biggest crash of all time.
by mptfan
Fri May 15, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: close my amex blue preferred?
Replies: 16
Views: 1186

Re: close my amex blue preferred?

Close it.
by mptfan
Fri May 15, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5473

Re: Discarding old tax returns

Was recently second-guessing myself for shredding the box containing tax returns and supporting documents from 2000... after I realized that it contained home repair documentation that would increase my home's cost basis if I should sell. I'm sure you already know this, but for those who don't... y...
by mptfan
Thu May 14, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6130

Re: Husband Died and Spouse lack of knowledge.

I wouldn’t be surprised if the husband was trying to hide something from her. Huh? Why do you say that? She doesn’t know of their assets? She doesn’t even know if her husband’s business had partners? He never talked about his partners or employees or assets with her or showed her their tax return? ...
by mptfan
Thu May 14, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6130

Re: Husband Died and Spouse lack of knowledge.

celia wrote:
Thu May 14, 2020 12:33 am
I wouldn’t be surprised if the husband was trying to hide something from her.
Huh? Why do you say that?
by mptfan
Wed May 13, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10748

Re: Dentist charges $10 for PPE

mouses wrote:
Wed May 13, 2020 1:44 pm
This is like another thread where someone was complaining that Amazon was not delivering as promptly as it used to. Do you people read the newspapers?
What is a newspaper?
by mptfan
Tue May 12, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4094

Re: What age do you use for retirement end date?

By the time I'm that age it will be the 2090s and I'm sure medical science will have answers to most present day conditions that cause premature death including cancer, heart disease, Alzheimer's, etc. Dying before 120 will probably be considered an untimely and unlucky death. And that's even if we...
by mptfan
Mon May 11, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4094

Re: What age do you use for retirement end date?

When looking at average lifespan, you want to look for something like, “What’s the average lifespan for someone who’s reached 50 years of age?” That eliminates from the average all those who died young. Then you decide if you are healthier than the average person or not, and whether your genetics a...
by mptfan
Mon May 11, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4094

Re: What age do you use for retirement end date?

As a safety precaution, better to aim on the high side vs use some statistical average or "what age you did your parents die" approach and maybe run out of money. Yes, but at the same time you should not oversave and deprive yourself when you are young and mentally and physically active for the sak...
by mptfan
Mon May 11, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4094

Re: What age do you use for retirement end date?

Even if I live to age 82, I probably won't be mentally there. That's a pessimistic view. You may be right, but I hope that's not true for me. I do accept your point though that as you age beyond a certain point, say 80, whether you are mentally there or not you generally spend less than when you we...
by mptfan
Sun May 10, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63029

Re: So bottom is probably behind us....right?

Faisal wrote:
Sun May 10, 2020 8:25 am
We are gonna hit bottom in the winter. The way the virus is playing out and too many countries are opening up too quickly its gonna get worse economically and socially before it gets better.
It amuses me how many people have become instant virologists and claim to know the future.
by mptfan
Sat May 09, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13016

Re: Will "work from home" destroy the commercial real estate market?

stoptothink wrote:
Sat May 09, 2020 9:25 am
I am really enjoying working from home, but the c-suite has asked all "upper level managers/directors" to return to the office starting on the 18th.
Was it really a question?
by mptfan
Fri May 08, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2-factor authentication becoming mandatory and available for non-US
Replies: 65
Views: 5026

Re: Vanguard 2-factor authentication becoming mandatory and available for non-US

I do have a gmail account and use it often. It has a straightforward login process - goto the website, type in the email address and give my password and voila I am in. I am still not grasping how it is different from a App-based 2FA. Is it that if I were using a gmail app, there is a different kin...
by mptfan
Thu May 07, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Keep debit card locked at all times?
Replies: 36
Views: 2729

Re: Keep debit card locked at all times?

Keeping the debit card locked is a good idea, but I think it would be inconvenient and cumbersome to have to unlock it every time you wanted to use the ATM and then lock it again. If you really wanted to stay with Chase for other reasons it's up to you to decide whether that hassle is worth it, but ...
by mptfan
Wed May 06, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Why do investors care when the market goes down?
Replies: 47
Views: 1756

Re: Why do investors care when the market goes down?

Because human beings are emotional creatures, not robots. It's hard for some people to watch the value of their hard earned life savings fall day after day and not feel anxious. In some cases many months or even years of hard work and savings can be lost. Well... not necessarily. You're in one grou...
by mptfan
Wed May 06, 2020 10:48 am
Forum: Investing - Theory, News & General
Topic: Why do investors care when the market goes down?
Replies: 47
Views: 1756

Re: Why do investors care when the market goes down?

Because human beings are emotional creatures, not robots. It's hard for some people to watch the value of their hard earned life savings fall day after day and not feel anxious. In some cases many months or even years of hard work and savings can be lost.
by mptfan
Tue May 05, 2020 11:41 am
Forum: Personal Investments
Topic: Why ally bank
Replies: 98
Views: 14957

Re: Why ally bank

Plenty of credit cards that give 3-5.25% back on restaurant purchases. Worth the small amount of time it takes for some one to ring it up. Whether something is worth it or not is up to each person to decide. I do not like to carry around several credit cards and try and figure out which one to use ...
by mptfan
Tue May 05, 2020 6:34 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11142

Re: All my friends are outperforming index funds

One, you say you “know what they bought” and you’ve been keeping tabs on their performance. It’s highly unlikely you know everything a single one of your friends has bought or sold - let alone a group of them. You know what they’ve told you. People don’t talk about picks gone bad - or at least not ...
by mptfan
Mon May 04, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? Thomas Stanley - Stop Acting Rich book

I think the point is that income is related to wealth, but not equal to wealth. I agree that many people mistakenly equate income with wealth... "That guy makes a lot of money, he is rich!" Of course there are lots of high income people who are not wealthy but I think it's fair to say that high inco...
by mptfan
Sat May 02, 2020 1:05 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? Thomas Stanley - Stop Acting Rich book

The people who go broke on $6 million/year make headlines because it is so unusual. People who are consistently at that income level are in the glittering rich category. I think it depends on how long someone makes $6 million a year, it's not unusual for a pro athlete to go broke after making milli...
by mptfan
Sat May 02, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2254

Re: Present Value for Retirement Withdrawals Seems Awfully Low

Expecting portfolio interest rate in retirement of 5% Rather than thinking of "portfolio interest rate" you should be thinking in terms of "total portfolio return" since the total return on your portfolio will likely come from several sources, including interest, dividends and capital appreciation.
by mptfan
Sat May 02, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2254

Re: Present Value for Retirement Withdrawals Seems Awfully Low

NBKCF wrote:
Wed Apr 29, 2020 8:33 pm
...should I want to use 3.7% (the 60-year average inflation) then I should up my expected interest rate proportionally.
What is your source for 3.7% average inflation over 60 years?
by mptfan
Fri May 01, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? Thomas Stanley - Stop Acting Rich book

rbaldini wrote:
Fri May 01, 2020 11:10 am
I suppose what bothers me is that I've seen misleading stats before.
I've seen misleading stats before too, but I don't see what that has to do with The Millionare Next Door books.
by mptfan
Fri May 01, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? Thomas Stanley - Stop Acting Rich book

I got no problem with the message "most millionaires don't spend as lavishly as you might have imagined". But I do think some people will read the books and come away with the message of "millionaires are more frugal than non-millionaires", which is wrong. Again, you may be right, but I don't think...
by mptfan
Fri May 01, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: ??? Thomas Stanley - Stop Acting Rich book
Replies: 121
Views: 13268

Re: ??? Thomas Stanley - Stop Acting Rich book

Sure, perhaps a small percentage of millionaires belong to country clubs, drive luxury cars, and wear expensive watches, but the percentage is surely still higher than among non-millionaires. You are probably right, but that information is not useful to the 94% of the population who are non-million...
by mptfan
Thu Apr 30, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 387988

Re: Share your net worth progression

tigers174 wrote:
Wed Apr 01, 2020 5:43 pm
Most people calculate their net worth once a year, usually towards the end of the year.
Lol, how do you know what most people do, and when they do it?
by mptfan
Thu Apr 30, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63029

Re: So bottom is probably behind us....right?

Stef wrote:
Thu Apr 30, 2020 9:43 am
Did everyone think in May 2008 that they reached the bottom 2 months ago?
I don't think there has ever been a time that everyone thought the same thing about anything.
by mptfan
Wed Apr 29, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55504

Re: How to get Toilet Paper ? seriously.

Have you tried Amazon? We haven't visited a store of any kind in almost 8 weeks. We've had no trouble having TP delivered. Sometimes it takes a few extra days. No, but I walked into a different grocery store (same company different location) about 2 weeks ago in the early afternoon and they had toi...
by mptfan
Wed Apr 29, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55504

Re: How to get Toilet Paper ? seriously.

Are people still having trouble finding toilet paper? A friend in uptown Manhattan reports Yes, they are still having trouble finding toilet paper. The toilet paper shelves have been empty at one of my local grocery stores everytime I've gone inside for the last 6 weeks. I generally go late in the ...
by mptfan
Tue Apr 28, 2020 1:43 pm
Forum: Personal Investments
Topic: Ready to commit hard with retirement savings - need help
Replies: 21
Views: 2226

Re: Newly "debt" free - need help with retirement savings

lurgid wrote:
Mon Apr 27, 2020 7:09 pm
mptfan wrote:
Mon Apr 27, 2020 6:33 pm
I'm confused, you have a $342k mortgage and $25k in student loans, how are you debt free?
That's why I put purposely put "debt" in quotes.
"I understand."
by mptfan
Mon Apr 27, 2020 6:33 pm
Forum: Personal Investments
Topic: Ready to commit hard with retirement savings - need help
Replies: 21
Views: 2226

Re: Newly "debt" free - need help with retirement savings

I'm confused, you have a $342k mortgage and $25k in student loans, how are you debt free?
by mptfan
Mon Apr 27, 2020 3:51 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19825

Re: Why am I even saving for retirement?

HEDGEFUNDIE wrote:
Mon Apr 27, 2020 3:23 pm
Unless you are depending on the generosity of others, everybody makes a house payment. Explicitly or implicitly.
Implicit house payments are a lot easier to make than explicit ones.
by mptfan
Mon Apr 27, 2020 3:00 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19825

Re: Why am I even saving for retirement?

Yes I will always have a house payment. Just like I will always have property tax bills, food bills, utility bills, you know, “cost of living” That's a false equivalency. How so? Because you are implying an equivalence between optional expenses and necessary expenses. Everyone must pay for food and...