Search found 913 matches

by ohai
Fri Jul 05, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 268
Views: 26029

Re: Relationship mortgage discounts for moving a million assets

Hmm. So, I have well over $1 million at a brokerage in one of these banks. Are they supposed to offer me these incentives already? Or should I move assets away and then move them back when they lure me with discounts?
by ohai
Fri Jul 05, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Banking for Nomads
Replies: 28
Views: 2981

Re: Banking for Nomads

I'd imagine any of the big banks with a lot of ATMs is fine. Usually, these banks interface are somewhat similar to one another. WF refunds my ATM fees too, and I suspect other banks have similar terms. On top of that, if you have a lot of assets, normally they give you some kind of perks for coming...
by ohai
Fri Jul 05, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: buying a 60 or 65 inch tv this weekend. which one?
Replies: 74
Views: 3634

Re: buying a 60 or 65 inch tv this weekend. which one?

To be honest, any one of those TVs is going to blow your socks off. I'd just focus on the size you want and which one has no reported defects, and buy from whatever company has no shipping complaints. Also, consider your viewing distance from the TV. If you are close to the TV, a slightly smaller sc...
by ohai
Fri Jul 05, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Does this car exist? Sexy convertible with a backseat
Replies: 53
Views: 3478

Re: Does this car exist? Sexy convertible with a backseat

A mustang gt convertible or a bmw 5 series convertible (if those still exist). It would be a 6-series. 5-series are sedan/wagon, 6-series are coupe/convertible. 2016 was the last model year, though I imagine it'll be back at some point. Right now the only large convertible in the BMW stable is the ...
by ohai
Fri Jul 05, 2019 9:53 am
Forum: Personal Investments
Topic: Got more than enough for retirement. What to do now?
Replies: 42
Views: 4085

Re: Got more than enough for retirement. What to do now?

If you really want to minimize risk, then you should get some kind of annuity to hedge your life risk, not just financial risk.
by ohai
Fri Jul 05, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Cleaning bugs off car bumper
Replies: 32
Views: 2440

Re: Cleaning bugs off car bumper

First person to patent an air deflector that repels bugs from the car will be a billionaire.
by ohai
Fri Jul 05, 2019 9:28 am
Forum: Personal Investments
Topic: Alternatives to CD laddering as rates decrease
Replies: 22
Views: 2837

Re: Alternatives to CD laddering as rates decrease

Any of those weird yield investments just have more risk than CDs or treasuries. If you demand higher returns, you might be better off just buying more stocks. This is probably the most efficient way to increase portfolio risk. Otherwise, it sounds like you're just taking risk under the illusion tha...
by ohai
Fri Jul 05, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Home Price as a % of Net Worth
Replies: 20
Views: 1803

Re: Home Price as a % of Net Worth

My guideline would be 25% to 35% of total net worth at most. In addition to affordability, I think people underestimate the concentration risk when they have so much of their money in one house. If that one area enters a downturn or is simply stagnant over years, you lose a significant portion of yo...
by ohai
Thu Jul 04, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 5043

Re: Reservations about purchasing a 16 year old house

Just curious - what are the general costs to repair these things for like a 3000 sf house? These costs are presumably more important to your decision making process if you are buying a $500k house compared to a $1000k house that is mostly the same but in a more expensive area.
by ohai
Wed Jul 03, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4014

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

BruDude wrote:
Wed Jul 03, 2019 9:33 pm
I doubt you're making any kind of major financial mistake given your income.
I disagree. Any money you spend now will be 2x, 4x, 8x in the future.

I know everyone has different values and it's not wrong to have some fun. However, I don't think OP has "earned" it yet.
by ohai
Wed Jul 03, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4014

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

Can you afford this car, as in, do you have money to buy it? Obviously yes. Should you buy it? That seems like a sub optimal decision. You will have 60k/(170k-30k) = 43% of your net worth in a car. What is next? This is why Americans are broke despite making a lot of money. When I was 30, I was alre...
by ohai
Wed Jul 03, 2019 1:42 pm
Forum: Personal Investments
Topic: Bought First ETFs Today: Questions
Replies: 11
Views: 957

Re: Bought First ETFs Today: Questions

I use ETFs for all investments, including fixed income. I don't see how they are more risky than anything else.
by ohai
Wed Jul 03, 2019 1:39 pm
Forum: Personal Investments
Topic: Moving the Goalposts - a new perspective
Replies: 15
Views: 1952

Re: Moving the Goalposts - a new perspective

Yes, this is a normal attitude. "A lot of money" is always more than you currently have.
by ohai
Wed Jul 03, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2405

Re: Inheriting two homes, sell or rent them ...

Watty wrote:
Tue Jul 02, 2019 7:34 pm
If you would not buy them today if you had $450k in cash then sell them since there should be little tax impact.
Yes.
by ohai
Tue Jul 02, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time Home-buyer Questions
Replies: 19
Views: 1191

Re: 1st time Home-buyer Questions

OP, $450k house is still extremely cheap compared to some parts of the country. Look at how that compares, even relative to local wages, with more expensive parts of the country like NY, California, Boston, even NJ or something... Capital is becoming more mobile across the country. There is good rel...
by ohai
Tue Jul 02, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Question of integrity
Replies: 40
Views: 3917

Re: Question of integrity

OP, you think you are some special snowflake that only you can do the random first job? They'll just find someone else to do it. Everyone always thinks they are crucial to whatever organization. In reality, unless you are Elon Musk, it doesn't matter. Just move on to something better.
by ohai
Tue Jul 02, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Eyesight System?
Replies: 101
Views: 5255

Re: 2019 Subaru Forester Eyesight System?

I drove a Subaru with this system lately and I didn't find the system to be too annoying. The lane departure warning is probably the most aggressive of all cars that I've been in, but to be fair, I was around the line whenever it went on.
by ohai
Tue Jul 02, 2019 10:36 am
Forum: Personal Investments
Topic: to diversify or not, that is the question
Replies: 9
Views: 740

Re: to diversify or not, that is the question

You could also sell portions of the MSFT position, if you are concerned about risk concentration but only have a certain tolerance for paying capital gains tax now.
by ohai
Tue Jul 02, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4672

Re: how do couples work together on home finance

Hi. Have you considered using aggregation software like Mint or Personal Capital? My budgeting is now 45 minutes, once a year. I just download the transaction history, and they have somewhat intelligently sorted it by category - groceries, car, restaurants, travel, and so on. So, after some minor er...
by ohai
Tue Jul 02, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8371

Re: Would we regret buying a 2nd home?

Can't you just go hang around your kids' houses for long periods of time and annoy their spouses like normal grandparents?
by ohai
Mon Jul 01, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 8371

Re: Would we regret buying a 2nd home?

OP, you're saying buying this house would deplete your liquid assets and possible draw into your retirement accounts? In Bogleheads terms, this means it is a really bad idea.
by ohai
Mon Jul 01, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 21062

Re: Do you share your net worth with family members?

Kids in families with assets of $50 million know that their parent are tremendously wealthy. If I had that kind of money, I’d certainly encourage my kids to choose a career that would make them happy, regardless of renumeration. I wouldn't say this is unreasonable. However, this is exactly the appr...
by ohai
Mon Jul 01, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Feels like never enough in savings?
Replies: 27
Views: 3103

Re: Feels like never enough in savings?

Why would you ever pay off a 0% loan? That is a huge benefit that you probably paid for in price negotiation when you bought the car. I don't know if I understand your question about emergency funds. It seems that this "emergency fund" is all your non-retirement savings. To me, retirement account li...
by ohai
Mon Jul 01, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 21062

Re: Do you share your net worth with family members?

If your young adult children have the idea that you are going to subsidize their lifestyles as adults, it isn’t because you told them your net worth. It is because they got the wrong messages about personal responsibility and having a work ethic as kids.[/i][/b] But surely, being conscious of paren...
by ohai
Mon Jul 01, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 129
Views: 6284

Re: Relocate to Seattle or NYC

Some of the NYC suburbs are LOVELY. The problem is that with your salary you won’t be able to afford to live in a place like this. You’ll be in a more working class suburb with not as good of schools and/or living farther out. There is nothing wrong with these lower priced locations except why live...
by ohai
Mon Jul 01, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Are advertised mortgage interest rates [fiction]?
Replies: 20
Views: 1823

Re: Are advertised mortgage interest rates [fiction]?

When I get true quotes from banks, my rate is normally lower than the advertised rated. It probably depends on your credit and maybe other metrics in relation to the assumptions in the published rates. Size of mortgage probably matters too.
by ohai
Mon Jul 01, 2019 12:17 am
Forum: Investing - Theory, News & General
Topic: Is anyone else worried about tech becoming too big/overvalued?
Replies: 54
Views: 4462

Re: Is anyone else worried about tech becoming too big/overvalued?

This is not at all like the earlier dotcom bubble, given that the current companies are actually huge enterprises with proven business models and consistent profits. Some companies are overvalued - like usual. However, I don't know if we can say that a basket of companies is overvalued overall. Whil...
by ohai
Mon Jul 01, 2019 12:11 am
Forum: Personal Consumer Issues
Topic: Anyone tried a sunrise alarm clock?
Replies: 55
Views: 5956

Re: Anyone tried a sunrise alarm clock?

Hi, OP. I actually did buy the $100+ Phillips alarm clock. I don't use it now, because what happened is that I woke up every time at the beginning of the lighting period. So, the simulation of a gradual sunrise did not really work for me. I suppose it is different for different people.
by ohai
Sun Jun 30, 2019 9:53 pm
Forum: Personal Investments
Topic: Getting out of options
Replies: 21
Views: 1492

Re: Getting out of options

"My advisor is telling me I should keep him through the end of the year to mitigate losses on the long term options. I definitely don't understand options, so I can't evaluate this claim." OP, you are SHORT these options, so naturally, they have negative value. What price did you sell these options ...
by ohai
Sun Jun 30, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Wife considering returning to work
Replies: 40
Views: 4723

Re: Wife considering returning to work

Great. Anyway, if you decide it doesn't work, she can always just quit again. So it seems that this is the path with most freedom...
by ohai
Fri Jun 28, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Purchasing airline tickets at the airport
Replies: 10
Views: 1750

Re: Purchasing airline tickets at the airport

Huh. Do you really want to try to buy tickets last minute at the airport when all flights are full now? I guess you could go on an earlier day to the airport, but that sounds like a waste of time and you won't be able to cross shop easily between airlines. This will probably negate any kind of cost ...
by ohai
Thu Jun 27, 2019 9:34 pm
Forum: Personal Investments
Topic: Low Income Year - How to Make Appropriate Savings/Investment Changes
Replies: 8
Views: 749

Re: Low Income Year - How to Make Appropriate Savings/Investment Changes

Yeah, when my friends went to business school or something and were temporarily low income, they sold and rebought all their investments to reset the basis.
by ohai
Thu Jun 27, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: A 100-Year Austrian Bond at 1.2%.
Replies: 11
Views: 1434

Re: A 100-Year Austrian Bond at 1.2%.

I guess people who don't want 10y bonds yielding 0%. Interest rates are relative, not absolute. Your money has to be doing something. BTW the US 10y bond is yielding a bit over 2%. Why go so very long? This is backwards, I think. Your question is something like, this bond is being sold - why whould...
by ohai
Thu Jun 27, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: A 100-Year Austrian Bond at 1.2%.
Replies: 11
Views: 1434

Re: A 100-Year Austrian Bond at 1.2%.

I guess people who don't want 10y bonds yielding 0%. Interest rates are relative, not absolute. Your money has to be doing something.
by ohai
Thu Jun 27, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation, thoughts?
Replies: 22
Views: 1821

Re: Deferred compensation, thoughts?

I can participate in a deferred compensation plan that sounds not bad. If I was older and was going to imminently change job status, I'd consider it. As it is though, I don't think my tax rate will drop significantly in the next few years. So I'd prefer to have the money up front.
by ohai
Thu Jun 27, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Package delivery man damaged door
Replies: 55
Views: 3768

Re: Package delivery man damaged door

This is the kind of thing that convinces me that you should install a front porch camera for liability claims.
by ohai
Thu Jun 27, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Early wedding funding for my young kids: Great Strategy!!!
Replies: 22
Views: 3430

Re: Early wedding funding for my young kids: Great Strategy!!!

I guess that is good, but I don't see how it would be different if you just invested money in general over a long time.
by ohai
Wed Jun 26, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else unable to afford a home/have six figure income?
Replies: 60
Views: 7351

Re: Anybody else unable to afford a home/have six figure income?

OP, my (household) income last year was in seven figures and I cannot afford a decent home in NYC.
by ohai
Wed Jun 26, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: friend claiming 17% returns on Life Insurance
Replies: 30
Views: 3757

Re: friend claiming 17% returns on Life Insurance

Well, if he dies instantly, his insurance return will be astronomical...
by ohai
Wed Jun 26, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC insured up to $1 million? How is that possible?
Replies: 21
Views: 1757

Re: FDIC insured up to $1 million? How is that possible?

You can buy CDs from other banks from a lot of banks. A CD is just some kind of security-esque thing. In theory, it can even be bought and sold among secondary owners.
by ohai
Wed Jun 26, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: How do you sell silver bars?
Replies: 15
Views: 1602

Re: How do you sell silver bars?

Mister E wrote:
Wed Jun 26, 2019 8:22 am
I've used Craigslist to buy and sell gold and silver. Always at latest spot price. Be safe, I guess. I've never had a problem.
What? Are these just random guys? Is there some kind of regulation or inspection service for this?
by ohai
Wed Jun 26, 2019 12:23 am
Forum: Personal Investments
Topic: Could I be financially independent in 4-5 years?
Replies: 28
Views: 5239

Re: Could I be financially independent in 4-5 years?

OP, thanks for sharing more info. Short answer is of course you could be "financially independent" if you wanted to, in 4-5 years, under an ideal scenario. I mean, some people in the US live on $10k a year. It is usually not a good lifestyle, in my opinion, but I can't judge people who choose certai...
by ohai
Wed Jun 26, 2019 12:07 am
Forum: Investing - Theory, News & General
Topic: Purpose of Stocks?
Replies: 29
Views: 5726

Re: Purpose of Stocks?

OP, in theory, companies do not have to grow above inflation for stocks to provide positive, inflation adjusted returns. A company's future earnings should be discounted for risk. Therefore, if a company continues to operate in an unchanged fashion, shareholders should realize risk adjusted returns....
by ohai
Tue Jun 25, 2019 2:42 pm
Forum: Personal Investments
Topic: Could I be financially independent in 4-5 years?
Replies: 28
Views: 5239

Re: Could I be financially independent in 4-5 years?

What are your actual numbers? So vague. Things can change very quickly - if you need to pay for surgery, is that 10% of your income or 200%? What about college tuition if you have kids later? Point is, it is much, much easier for expenses to go from $20k a year to $100k a year than from $100k to $50...
by ohai
Tue Jun 25, 2019 1:58 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting and Teaching Your Spouse Investing
Replies: 10
Views: 1039

Re: Tax Loss Harvesting and Teaching Your Spouse Investing

I don't even know how to start. Best approach would be to give spouse a bunch of those popular investing books and start from there.
by ohai
Tue Jun 25, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: Help me better understand volatility
Replies: 5
Views: 578

Re: Help me better understand volatility

"1. If I'm in the accumulation stage and my goal is simply to maximize returns (and I view downturns and stocks going on sale rather than a time to panic), is there any reason to worry about volatility at all?" Yes, of course. If the market goes down 80% tomorrow, do you think you don't care? You ca...
by ohai
Tue Jun 25, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 44
Views: 4672

Re: Pay Cash for Primary Residence?

In your case, the house is 25% of your net worth. You have the ability to tolerate risk by holding investments rather than locking it up in a house. The house is 25% of your net worth whether it has a mortgage or not. If your $400K house loses 20% of its value, your net worth declines by $80K, whet...
by ohai
Tue Jun 25, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 44
Views: 4672

Re: Pay Cash for Primary Residence?

OP, what do you think your investment return would be if you did not use that money to pay for the house? Would it be more than your mortgage rate?

In your case, the house is 25% of your net worth. You have the ability to tolerate risk by holding investments rather than locking it up in a house.
by ohai
Tue Jun 25, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5551

Re: Should I buy a condo in Chicago?

OP, what does your next 5-10y career look like as an L3? Is your career stability aligned with owning a house at this time?
by ohai
Tue Jun 25, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Two NWM 65 Life "Gifts" from Parents. I'm Lost!
Replies: 32
Views: 4142

Re: Two NWM 65 Life "Gifts" from Parents. I'm Lost!

I don't get it. So, your parents signed you up for insurance, which you have to pay for? Do you have any benefit from this, or is this just like your parents signing you up for some random service?