Search found 405 matches

by Billy Pilgrim
Fri Nov 29, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: How do high net worth individuals get compensated and how do they access their money?
Replies: 5
Views: 1539

How do high net worth individuals get compensated and how do they access their money?

I have encountered many high net worth individuals. They worked in various fields that include entertainment to finance. I always wondered how they get paid and how they access their money. From what I understand some of them avoid taking a salary and rely on passive income. I recall one man who wor...
by Billy Pilgrim
Thu Nov 17, 2016 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Finance Question
Replies: 1
Views: 575

Real Estate Finance Question

"Protect the Principal" is something I have heard in investing. They say the same thing in real estate investing. But I am not sure how that works in real estate. After paying the mortgage and other expenses, whatever is leftover is profit. How does an investor protect the principal?
by Billy Pilgrim
Tue Sep 27, 2016 10:41 pm
Forum: Personal Consumer Issues
Topic: Has anyone had any experience using GE suport service
Replies: 6
Views: 1149

Has anyone had any experience using GE suport service

Long story short. Friend's fridge was leaking. Friend is a bit of DIY guy and decided to take care of the issue. After a couple of youtube videos and a couple of hours later, he figures out it s a clogged defrost drain. One of us pointed out that he could have just called GE to repair the fridge. Bu...
by Billy Pilgrim
Fri Apr 29, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Does interest on a security deposit carry over?
Replies: 4
Views: 520

Re: Does interest on a security deposit carry over?

What interest? ;) unless you live in a state where the landlord is required to consider interest as an addition to the security deposit in this current environment interest rate is essentially zero and no they aren't going to transfer pennies. You will just get the security deposit That is what I t...
by Billy Pilgrim
Fri Apr 29, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Does interest on a security deposit carry over?
Replies: 4
Views: 520

Does interest on a security deposit carry over?

I have a question for any real estate investing bogleheads.

After you buy an investment property, one of the things that gets transferred over are the security deposits for the tenants which are put in accounts. Does the interest carry over from the previous owner or is it like starting fresh?
by Billy Pilgrim
Fri Jan 22, 2016 7:33 am
Forum: Personal Consumer Issues
Topic: Questions about getting a dishwasher
Replies: 28
Views: 2637

Questions about getting a dishwasher

So I am looking into getting a new dishwasher because the one I have right now is not cleaning as well. But I am a bit lost in the process. 1. Is there a particular brand that I should avoid? 2. Which is better for delivery and installation service? Home Depot? Lowes? 3. After installing the new dis...
by Billy Pilgrim
Sun Jan 10, 2016 3:05 pm
Forum: Personal Consumer Issues
Topic: Quickbooks Desktop or Quickbooks Online: Which is better?
Replies: 7
Views: 747

Quickbooks Desktop or Quickbooks Online: Which is better?

My friends who use Quickbooks use the desktop version because they are not comfortable using the online version.

For those of you who use Quickbooks for your small businesses, which do you think is best? The desktop version or the online version?
by Billy Pilgrim
Mon Dec 07, 2015 8:18 pm
Forum: Personal Consumer Issues
Topic: Which is the best store to use points from a credit card
Replies: 2
Views: 471

Which is the best store to use points from a credit card

Hey Bogleheads,

In your experience, what is the best store to shop online for electronics using credit card points?
Is it Walart? Best Buy? Or does it not matter?
by Billy Pilgrim
Thu Oct 08, 2015 8:28 pm
Forum: Personal Consumer Issues
Topic: Property Inspector questions
Replies: 13
Views: 1563

Re: Property Inspector questions

When I bought an older home, I went through the yellow pages (yes it was before the internet) and called about five firms and interviewed them. I asked what type of experience or training they had that qualified them to be an inspector, if they had any real estate agents who regularly referred them...
by Billy Pilgrim
Mon Oct 05, 2015 10:38 pm
Forum: Personal Consumer Issues
Topic: Property Inspector questions
Replies: 13
Views: 1563

Property Inspector questions

Whenever I do research on buying a house, one of the things that comes up is the property inspection. It seems really complicated. For the homeowners here, when you all bought your home, how did you pick your property inspector? What were their credentials? Did they need to belong to a group? What d...
by Billy Pilgrim
Sun Sep 20, 2015 6:06 am
Forum: Investing - Theory, News & General
Topic: Questions about a board member selling stock
Replies: 7
Views: 1504

Re: Questions about a board member selling stock

Thanks for the answers everyone.

So basically a potential board member needs to look at the polices of the board very carefully if they ever want to sell at the height of a bubble and stick around as a board member.
by Billy Pilgrim
Fri Sep 18, 2015 8:31 pm
Forum: Investing - Theory, News & General
Topic: Questions about a board member selling stock
Replies: 7
Views: 1504

Questions about a board member selling stock

I was reading about how Bill Gates has been selling his Microsoft stock and his goal is to eventually sell off all of it. Does he stop being a board member when the last share is sold or is there a minimum he has to own? How much stock is a board member allowed to sell before they lose their place a...
by Billy Pilgrim
Fri Mar 13, 2015 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Bankers
Replies: 6
Views: 1312

Re: Personal Bankers

Perhaps the "trigger" may have been relatively large transaction amounts - volume of dollars going in and out. Perhaps, as well, there might be some other way that the bank (and this salesman) identify higher net worth individuals target. Hmm. Makes sense. Since he was paying his bills an...
by Billy Pilgrim
Thu Mar 12, 2015 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Bankers
Replies: 6
Views: 1312

Re: Personal Bankers

After my father passed away last year, this same BigBank called my Mom to ask if she needed any help from a "wealth management" consultant. :annoyed I let them have it with both barrels. They haven't tried since. Good for you and your mother. Looks like they got the message. The banks hea...
by Billy Pilgrim
Thu Mar 12, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Bankers
Replies: 6
Views: 1312

Personal Bankers

There is a consultant I know who was getting called every couple of weeks by a personal banker who wanted to have a meeting with him and talk to him about his accounts. The consultant would always politely turn him down and hoped he would get the hint. But the personal banker kept calling. Finally t...
by Billy Pilgrim
Sun May 18, 2014 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment question
Replies: 17
Views: 1463

Down payment question

A bunch of my friends are getting interested in investing in real estate and one of them told me a story where they contacted a commercial real estate broker about a listing they had. The broker replied with an email that was asking them about their down payment. The friend basically said that they ...
by Billy Pilgrim
Fri Apr 04, 2014 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Adviser question
Replies: 5
Views: 1172

Re: Financial Adviser question

I suggest you pick up one of the recommended books here such as Boglehead's Guide to Investing to get an idea of how to be smart in investing. Also clicking on Wiki and start with Getting Started is a good way to get some good non-biased basic information from those who have nothing to sell you. I ...
by Billy Pilgrim
Thu Apr 03, 2014 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Adviser question
Replies: 5
Views: 1172

Re: Financial Adviser question

It means he can only do investment business through that broker dealer only. Alll accounts are actually held with the broker dealer and NOT with the investment rep. He/she actually works for that BD, but is NOT a W-2 employee. Don So basically they are a contractor? Do they have to identify themsel...
by Billy Pilgrim
Thu Mar 27, 2014 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Adviser question
Replies: 5
Views: 1172

Financial Adviser question

What does it mean when a financial adviser is part of a broker-dealer affiliate?
by Billy Pilgrim
Wed Feb 05, 2014 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about the SEP IRA
Replies: 6
Views: 1054

Re: Questions about the SEP IRA

If they are obligated, let's say an employee has worked for 5 months and then is let go, does the employer make a contribution based on the 5 months or the entire year? It's the same, isn't it? What the employee was paid in 5 months is also what he/she was paid by this employer in the entire year. ...
by Billy Pilgrim
Wed Feb 05, 2014 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about the SEP IRA
Replies: 6
Views: 1054

Questions about the SEP IRA

Is an employer obligated to contribute to a SEP IRA of an employee that has been terminated?

If they are obligated, let's say an employee has worked for 5 months and then is let go, does the employer make a contribution
based on the 5 months or the entire year?
by Billy Pilgrim
Sat Jun 01, 2013 12:11 pm
Forum: Investing - Theory, News & General
Topic: Has anyone ever heard of the Hindenburg Omen?
Replies: 29
Views: 4074

Has anyone ever heard of the Hindenburg Omen?

I was read it on the link below.

http://www.businessinsider.com/the-hind ... red-2013-5

Anyone have any opinions on this?
by Billy Pilgrim
Wed May 29, 2013 5:14 pm
Forum: Investing - Theory, News & General
Topic: Hedgefund investing for the masses
Replies: 6
Views: 962

Re: Hedgefund investing for the masses

Occupier wrote:No it sounds like fewer people are stupid enough to throw their money at these high cost - mostly low return, investment vehicles. Dave
Same difference.

It sounds like a lot of desperation at their end.
by Billy Pilgrim
Tue May 28, 2013 5:39 pm
Forum: Investing - Theory, News & General
Topic: Hedgefund investing for the masses
Replies: 6
Views: 962

Hedgefund investing for the masses

It sounds like their usual investors are either tapped out or not interested in investing in hedge funds.

http://www.washingtonpost.com/business/ ... story.html
by Billy Pilgrim
Mon May 13, 2013 8:36 pm
Forum: Investing - Theory, News & General
Topic: NYT article on why Cooper Union ended free tuition
Replies: 21
Views: 2910

Re: NYT article on why Cooper Union ended free tuition

A fascinating article about why Cooper Union ended free tuition which it has been offering the founding of the college. http://www.nytimes.com/2013/05/11/business/how-cooper-unions-endowment-failed-in-its-mission.html?pagewanted=all It is just a series of really bad decisions which include a very w...
by Billy Pilgrim
Mon May 13, 2013 6:16 am
Forum: Investing - Theory, News & General
Topic: NYT article on why Cooper Union ended free tuition
Replies: 21
Views: 2910

NYT article on why Cooper Union ended free tuition

A fascinating article about why Cooper Union ended free tuition which it has been offering the founding of the college. http://www.nytimes.com/2013/05/11/business/how-cooper-unions-endowment-failed-in-its-mission.html?pagewanted=all It is just a series of really bad decisions which include a very we...
by Billy Pilgrim
Tue Apr 23, 2013 10:34 pm
Forum: Investing - Theory, News & General
Topic: Frontline--The Retirement Gamble
Replies: 325
Views: 54968

Re: Frontline--The Retirement Gamble

That JPMorgan guy is a great tap dancer.
by Billy Pilgrim
Tue Dec 11, 2012 11:44 pm
Forum: Personal Consumer Issues
Topic: Bar shenanigans
Replies: 9
Views: 1907

Bar shenanigans

I was talking to a client today and the subject of holiday parties came up. For the past couple of years they had a favorite restaurant they would go to. But this year the restaurant went under new management and that is when things got weird. He heard a story that management was pushing their open ...
by Billy Pilgrim
Mon Oct 22, 2012 8:16 pm
Forum: Personal Consumer Issues
Topic: Sock questions
Replies: 55
Views: 5495

Re: Sock questions

Oh you guys. :P
Humor with consumer advice.
Thank you.
Toons wrote:Why wait,have em delivered :happy
Over 45,000 items to choose from :happy
http://www.amazon.com/s/ref=nb_sb_noss_ ... mens+socks

I was thinking of zappos.
by Billy Pilgrim
Mon Oct 22, 2012 7:47 pm
Forum: Personal Consumer Issues
Topic: Sock questions
Replies: 55
Views: 5495

Sock questions

I am looking to buy some new socks but I am in no rush. I am thinking of buying it during the holidays.

1. Should I wait till the holidays to look for deals?

2. Can anyone recommend any particular brand or store?
by Billy Pilgrim
Sun Sep 09, 2012 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate refinancing question
Replies: 7
Views: 1131

Re: Real Estate refinancing question

It sounded odd to me too. No. The story has not been garbled. This is what was said to me. So the only way this would work is if the house they are buying is less than the house they are living in? Well, to be honest, the story makes so little sense that I'm just trying to make something work. Over...
by Billy Pilgrim
Sat Sep 08, 2012 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate refinancing question
Replies: 7
Views: 1131

Re: Real Estate refinancing question

Over Labor Day weekend I was at a barbecue and the subject of real estate came up. One of my friends was talking about a plan that a relative is doing with their home. Their plan is to sell their home, buy another than after moving in they will refinance. I asked why they were doing that? Why not j...
by Billy Pilgrim
Sat Sep 08, 2012 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate refinancing question
Replies: 7
Views: 1131

Re: Real Estate refinancing question

The story sounds like it's been a little garbled... but I wonder if a story a I heard from a client isn't the "same" story... Here's the version I heard... Brother-in-law lives someplace in the sunbelt where house values in some neighborhoods have just crashed. So, he's looking at "w...
by Billy Pilgrim
Thu Sep 06, 2012 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate refinancing question
Replies: 7
Views: 1131

Real Estate refinancing question

Over Labor Day weekend I was at a barbecue and the subject of real estate came up. One of my friends was talking about a plan that a relative is doing with their home. Their plan is to sell their home, buy another than after moving in they will refinance. I asked why they were doing that? Why not ju...
by Billy Pilgrim
Thu Aug 09, 2012 8:00 pm
Forum: Personal Consumer Issues
Topic: Dry wall question
Replies: 8
Views: 1849

Re: Dry wall question

Thank you everyone for the responses. I just want to clarify something regarding damage. Is it possible for dry wall to collapse or fall apart if the crown molding is removed? From what everyone's reponses, as long as you are careful the wall should remain intact. You can't guarantee no damage in an...
by Billy Pilgrim
Wed Aug 08, 2012 6:23 am
Forum: Personal Consumer Issues
Topic: Dry wall question
Replies: 8
Views: 1849

Dry wall question

Can you remove crown molding from dry wall without damaging the wall? I have friends who are into the DIY thing and one of them said that once you put crown molding on dry wall, you can't remove or else you will damage the wall. The other friend says that's wrong that you can remove crown molding if...
by Billy Pilgrim
Thu Jul 05, 2012 6:46 pm
Forum: Investing - Theory, News & General
Topic: How does everyone feel about the real estate market now?
Replies: 51
Views: 7195

How does everyone feel about the real estate market now?

I have been hearing all sorts of stories in the media about the real estate market coming back and the worst is over? I am a little unsure. I have stories in certain parts of the country where inventory is low and bidding wars. But I am not all that secure in saying everything is fine now. How about...
by Billy Pilgrim
Thu Jul 05, 2012 5:36 am
Forum: Personal Consumer Issues
Topic: Looking for a combination printer/fax/scanner
Replies: 16
Views: 1748

Looking for a combination printer/fax/scanner

I am thinking of getting a printer/fax/scanner. My main requirement is that it is fast and it does take time to warm up.
Any suggestions?
by Billy Pilgrim
Wed Jun 20, 2012 5:41 am
Forum: Personal Consumer Issues
Topic: Anyone everuse Angie's List?
Replies: 19
Views: 2385

Anyone everuse Angie's List?

I have been taking a look at and it seems like it is just a paid version of Yelp.
Is it worth the money?
by Billy Pilgrim
Tue Jun 05, 2012 4:56 pm
Forum: Personal Consumer Issues
Topic: Negotiating with a contractor
Replies: 15
Views: 2133

Re: Negotiating with a contractor

Thank you everyone for your responses. I talked to her the other day and passed along the advice. She does not think that it will be that expensive due to the measurements which are the following. H: 7 ft 8nches L: is 16 ft 7 inches I told her to make sure to check the measurements again with a cont...
by Billy Pilgrim
Sat Jun 02, 2012 6:26 pm
Forum: Personal Consumer Issues
Topic: Negotiating with a contractor
Replies: 15
Views: 2133

Negotiating with a contractor

Anyone here have any tips on how to negotiate with a contractor? A friend of mine wants to put up some dry wall in her home. She was thinking of doing it herself but now she does not have the time so she plans on getting a contractor but she wants to buy the materials herself so the price will be lo...
by Billy Pilgrim
Wed May 09, 2012 12:09 am
Forum: Personal Consumer Issues
Topic: Why customer service is important
Replies: 2
Views: 700

Why customer service is important

Customer service is pretty cut and dry. If I get treated properly by a store, I come back. If not, they never hear from me again. A friend of mine told me this really interesting story about customer service and shows why it is so important. When one of his relatives relocated to Maryland, she ended...
by Billy Pilgrim
Mon Apr 30, 2012 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: One month free, 13 month lease question
Replies: 11
Views: 3654

Re: One month free, 13 month lease question

P.S. I have seen this implemented various ways. One is just to prorate the free month over the 13; you pay 12/13 of the official rent every month. Another is to give you the first month free, so you make a payment of zero followed by 12 payments of the official rent each month. Of course there is a...
by Billy Pilgrim
Mon Apr 30, 2012 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: One month free, 13 month lease question
Replies: 11
Views: 3654

One month free, 13 month lease question

I have been seeing ads for rentals which are one month free with a 13 month lease. Why 13?
Why not 11 months? How does that work for the landlord?
by Billy Pilgrim
Sun Apr 22, 2012 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate investment question
Replies: 2
Views: 528

Re: Real estate investment question

Some advantages to incorporation are: 1) Less personal liability from lawsuits concerning the rental, either from the tenant and their guests or anyone who may be injured on that property. 2) Limited personal financial liability if the corporation defaults on a loan however most lenders require off...
by Billy Pilgrim
Sat Apr 21, 2012 11:20 pm
Forum: Personal Consumer Issues
Topic: Looking into buying a flatscreen tv
Replies: 62
Views: 5382

Re: Looking into buying a flatscreen tv

Thanks for the responses. I have a lot of work ahead of me.
by Billy Pilgrim
Sat Apr 21, 2012 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate investment question
Replies: 2
Views: 528

Real estate investment question

A friend of mine who rents, sends his checks to his landlord's house. Apparently the landlord's house is under some type of corporation and where my friend lives is connected
to the landlord's house
Is there a benefit to that?
by Billy Pilgrim
Wed Apr 18, 2012 5:21 pm
Forum: Personal Consumer Issues
Topic: Looking into buying a flatscreen tv
Replies: 62
Views: 5382

Looking into buying a flatscreen tv

Any suggestions? I am going in completely blind.
by Billy Pilgrim
Wed Apr 18, 2012 5:20 pm
Forum: Investing - Theory, News & General
Topic: Dick Clark.....Dead at Age 82.......
Replies: 12
Views: 1418

Re: Dick Clark.....Dead at Age 82.......

The man was a legend.
by Billy Pilgrim
Mon Apr 16, 2012 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Report questions
Replies: 9
Views: 973

Re: Credit Report questions

In the US you're guaranteed one free credit report each year from each of the three major credit bureaus (via http://www.annualcreditreport.com), but you have to check each bureau separately. Accessing credit reports through other sites (such as the ones that advertise on television) is not recomme...