Search found 295 matches

by tmcc
Sat Apr 13, 2019 8:39 am
Forum: Personal Investments
Topic: Socially responsible investing
Replies: 24
Views: 3175

Re: Socially responsible investing

graviteer wrote:
Sat Apr 13, 2019 6:51 am
mega317 wrote:
Sat Apr 13, 2019 4:35 am
Honest question, how does it help the world to buy stocks of these companies? Wouldn't your money be better spent donating to the cause organizing some type of advocacy?
This thread is about how you invest money -- not how you spend or donate it.
invest, spend, donate.... synonyms.
by tmcc
Fri Apr 12, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: If you have a serious health problem, do you retire or?
Replies: 50
Views: 6342

Re: If you have a serious health problem, do you retire or?

I was at the docs office and there was an old couple sitting near by. I overheard their conversation. The wife had glaucoma and suffered very rapid loss of vision. She was extremely unhappy. Two lessons there... don't underestimate unexpected healthcare costs and you can't take $ to the grave.
by tmcc
Fri Apr 12, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Indexing on leverage?
Replies: 31
Views: 1792

Re: Indexing on leverage?

People on this forum give all sorts of nuanced answers to this question and miss the absolutely critical point. Equity margin is callable. This means if stocks drop, you will have to put up more cash immediately. Where will this cash come from? If you don't have the cash, your position is immediate...
by tmcc
Wed Apr 10, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should you use a real estate agent when buying a house? What are your experiences?
Replies: 72
Views: 3842

Re: Should you use a real estate agent when buying a house? What are your experiences?

Yes, get your own agent. They will then represent YOU, not the seller or the transaction (dual agency). Don’t use the listing agent as yours, too. The seller still pays 6% or so, and it all goes to listing agent in this case. In some markets, the agent may be willing to credit you 1 or 2 percent at...
by tmcc
Mon Apr 08, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ex-pat jobs for US citizens
Replies: 10
Views: 1326

Ex-pat jobs for US citizens

I think there are at least a couple of people here who work jobs abroad. How did you get into that? Were you given the assignment when you were already in the company? Recruited externally? External recruiter? I am interested in this but trying to learn more. My current company is not international.
by tmcc
Mon Apr 08, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: e-file directly into IRS.gov website
Replies: 12
Views: 845

Re: e-file directly into IRS.gov website

https://www.freefilefillableforms.com/#/fd It keeps no history after the tax year completes (seemingly) This does not file your taxes directly with the IRS. Free Fillable Forms is a stripped-down version of TurboTax. It sends your data to Intuit. Didn't know that. Some cursory searching does not le...
by tmcc
Mon Apr 08, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: e-file directly into IRS.gov website
Replies: 12
Views: 845

Re: e-file directly into IRS.gov website

https://www.freefilefillableforms.com/#/fd

It keeps no history after the tax year completes (seemingly)
by tmcc
Sun Apr 07, 2019 7:42 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6382

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

as someone above requested my (very) risky plays right now are: $ROKU $PTLA $ARRY enough in them where if they appreciate as i hope i will be happy but if they do not i won't be in trouble. That’s funny PTLA is my one and only risky play. Currently valued at 1/25 of all my assets. Let’s hope they a...
by tmcc
Sun Apr 07, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8550

Re: Married couples: can you have a team mentality with separate finances?

It's only fair that each of you get the benefit of your own hard work and reward. My wife and I made somewhat similar money when we married, so it was easy for me to invoice her when I made a mortgage payment. When our second son came along, she left work. Not pulling her weight, we decided it wasn...
by tmcc
Wed Apr 03, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Ready to buy a new cheap smartphone - any gotchas?
Replies: 40
Views: 3452

Re: Ready to buy a new cheap smartphone - any gotchas?

I've been buying used phones on ebay for years. Wait for the right phone in an auction and you'll spend substantially less for something nice.
by tmcc
Tue Apr 02, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Would like a review of my premium credit card usage portfolio
Replies: 47
Views: 2430

Re: Would like a review of my premium credit card usage portfolio

If you were actually a satisficer you would be using citi double cash or alliant 2.5% for everything and not picking up nickels.
by tmcc
Tue Apr 02, 2019 2:19 pm
Forum: Investing - Theory, News & General
Topic: Forecasting future returns / net worth
Replies: 10
Views: 1356

Forecasting future returns / net worth

In forecasting net worth, why do people use real ROR? Next year , are people using real or nominal? What about the year after that? It seems pointless to do anything other than forecast nominal and look at real in hindsight. Having said that, maybe i am thinking about it wrong... please do tell if s...
by tmcc
Fri Mar 29, 2019 6:27 am
Forum: Investing - Theory, News & General
Topic: Timing the mortgage market
Replies: 26
Views: 2244

Re: Timing the mortgage market

On monday I locked in a 3.25% with negative points on a 30 yr fixed jumbo refinance. I am currently 1 year into a 30 yr 3.875% jumbo loan. I am seriously considering going the other option I was given which is a 2.75% 10/1 ARM with zero points. Yes I will be paying more if rates go up after 10 year...
by tmcc
Mon Mar 25, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Stretching? (Home purchase)
Replies: 20
Views: 2819

Re: Stretching? (Home purchase)

Funny. As an nyc resident my reaction to the OP post was to ask him what the magical neighborhood is where you can buy a multi family for under 2 mil :) Same here! Where is that deal?! +1. Structural issues are risky bet. I would go with least amount down, to keep as much cash as possible in hand. ...
by tmcc
Fri Mar 22, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Legal Contract for Loan from Parents
Replies: 18
Views: 1730

Re: Legal Contract for Loan from Parents

Your mortgage lender will consider this debt (because it is) and this loan may affect creditworthiness. Just something to think about. On a completely different side note, I wouldn’t borrow money from my folks. It changes the way thanksgiving dinner tastes, even if your relationship with your paren...
by tmcc
Fri Mar 22, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Is my doctor a scam?
Replies: 33
Views: 4517

Re: Is my doctor a scam?

southerndoc wrote:
Thu Mar 21, 2019 10:55 pm
It's more profitable for me to see an additional patient than it is to upcode a chart.
Depends on your patient population. The next 5 for OP's doc might be medicaid.
by tmcc
Tue Feb 12, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Open personal HSA or use company HSA?
Replies: 32
Views: 1884

Re: Open personal HSA or use company HSA?

Not to hijack the conversation but I had a thought .... So in theory, you could be enrolled in the employer HDHP but not contribute to the HSA through the employer plan. Then, separately, you could contribute after tax to your own account and still reap all of the federal tax benefits, correct? All...
by tmcc
Tue Feb 12, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Open personal HSA or use company HSA?
Replies: 32
Views: 1884

Re: Open personal HSA or use company HSA?

Not to hijack the conversation but I had a thought .... So in theory, you could be enrolled in the employer HDHP but not contribute to the HSA through the employer plan. Then, separately, you could contribute after tax to your own account and still reap all of the federal tax benefits, correct? Woul...
by tmcc
Mon Feb 11, 2019 5:53 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 7900

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

Ebay is hands down the best resource for competitive national prices.
by tmcc
Fri Feb 08, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 1767
Views: 120292

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

in a sideways / up tilt market , this strat will do well. if there is a major crash, you will not recover vs the underlying index for a long time. look at XBI vs LABU since May 2015. XBI is the SPDR biotech index. LABU is the 3x long ETF that tracks the same biotech index. in late 2015, the index go...
by tmcc
Wed Feb 06, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Employer wants to borrow $50k
Replies: 51
Views: 2834

Re: Employer wants to borrow $50k

Counteroffer for 51% controlling interest in the company for $50k @ 8%
by tmcc
Sat Feb 02, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: credit score improvement agency
Replies: 22
Views: 906

Re: credit score improvement agency

Keep disputing... it may take years of disputing but it'll get wiped.
by tmcc
Fri Feb 01, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7193

Building a house in rural mountains

Has anyone built on a large amount of rural, mountain acreage? I found a lot I like and would build a modest home. I would need to consider things like septic, well water, electricity, barn for horses, snowcat etc etc Has anyone successfully done this from scratch? (ie empty land -> developed house)...
by tmcc
Thu Jan 31, 2019 4:51 pm
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 96
Views: 11932

Re: It was a dip. Did you notice? The December drop is over.

on dec 24, I TLH'd equities that were down and increased my equity exposure by 33% from cash

it was a good day for market timing
by tmcc
Wed Jan 30, 2019 7:23 am
Forum: Personal Investments
Topic: Buying house with child
Replies: 9
Views: 806

Re: Buying house with child

ivk5 wrote:
Wed Jan 30, 2019 6:43 am
triggerfish10 wrote:
Wed Jan 30, 2019 6:29 am
I bought my house with 20% down in cash. I never even thought of buying my house with a child! Are they worth more? I have two children - maybe I could have gotten a more expensive house!
:P If you put 1 kid down, do you have to pay PMI? What about 2 kids down?
2 kids down , 3rd kids free
by tmcc
Fri Jan 25, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Trend Following failure
Replies: 21
Views: 2818

Re: Trend Following failure

Whats net new in last year's sell off vs financial crisis is how much market making is algorithmic. The major sell off / claw back timeline may be much faster than historically known if there is no underlying change in US equity fundementals... ie, no change in free cash flow and operations... fast ...
by tmcc
Sun Jan 20, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Bank Acquisition Lowering Credit Score
Replies: 6
Views: 528

Re: Bank Acquisition Lowering Credit Score

This happened to me too. Annoying because it messes with average age of credit.. it was a 40 point swing from end to end but it was net zero impact after a few months
by tmcc
Sun Jan 20, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8438

Re: Divorce w/child. Spouse wants to move.

I read the question as how much should I get paid to move? Kind of reads like how much will you pay me to continue to see my child? Without knowing the rest of the situation this is really a crappy selfish kind of thing to ask. Regardless, not enough info. I'd suggest professional legal advice. It ...
by tmcc
Sat Jan 19, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Buy house without agent
Replies: 55
Views: 4537

Re: Buy house without agent

The internet has made buy side realtors useless. On the sell side, there can be substantial merits that largely boil down to networking and convenience. As a buyer, what I have done is I approach the seller's agent and tell them that I'll let them have both sides of the transaction for 3.5% total. I...
by tmcc
Sat Jan 19, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 153
Views: 8327

Re: What is a Boglehead funeral/burial?

SrGrumpy wrote:
Sat Jan 19, 2019 1:37 pm
Cheap cremation, no funeral. But super-expensive ($40,000) plot in prime real estate. Not Boglehead-approved, but I'll be there for a while, might as well enjoy.
"Here lies SrGrumpy. Frugal in life, ostentacious in death."

:mrgreen:
by tmcc
Sat Jan 19, 2019 11:48 am
Forum: Personal Investments
Topic: Fund suggestions for a taxable account with a ~15-year time horizon
Replies: 16
Views: 913

Re: Fund suggestions for a taxable account with a ~15-year time horizon

OP, 1) You could withdraw your retirement fund before 59 1/2 years old. https://www.madfientist.com/how-to-access-retirement-funds-early/ 2) There is no reason to treat the taxable account as a separate portfolio that you need to invest for 15 years. Go over the reason why do you think so. And, we ...
by tmcc
Sat Jan 19, 2019 11:24 am
Forum: Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 20
Views: 1594

Re: 401k + aftertax 401k -> roth methodology

3) I'm not sure what the threshold is for highly compensated in your terms. I am towards the top but not top 10. HCE is not my term. Search for HCE, and ADP/ACP testing and you will understand what I mean. After-tax contributions are considered separately and a safe harbor plan can still fail ADP/A...
by tmcc
Sat Jan 19, 2019 11:14 am
Forum: Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 237
Views: 20729

Re: Why are you NOT buying rental properties?

I would like to find a duplex but there are no value buys left. The 2011 - 2018 price appreciation swing here is like 100% - 200% and I can't stomach a multi-six figure mean reversion.
by tmcc
Sat Jan 19, 2019 11:03 am
Forum: Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 20
Views: 1594

Re: 401k + aftertax 401k -> roth methodology

If you receive a company match or a non-elective contribution, that will count towards the 2019 415 limit of 56k. If you are a highly compensated employee, your after tax contributions might be restricted or returned to you. It seems like the biggest problem is short term liquidity of taxable broke...
by tmcc
Sat Jan 19, 2019 9:39 am
Forum: Personal Investments
Topic: 401k + aftertax 401k -> roth methodology
Replies: 20
Views: 1594

401k + aftertax 401k -> roth methodology

I currently max the 401k to the pretax limit.. 18,5 in 2018, 19k in 2019. I recently learned that the workplace plan allows after-tax contributions that can be rolled over to a roth ira once per year up to the 56k for 2019. In light of this, my savings plan is to: 1) continue maxing pretax 19k 2) re...
by tmcc
Thu Jan 17, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4461

Re: How to avoid temptation to buy hot stocks or bitcoin?

So you truly think there is no way to discern risk? Then I assume you have tons of leverage on bitcoin right now? Risk is a quantification (perceived or calculated) that mentally helps you rationalize the qualitative difference between gambling and investing. The two are identical in nature. To tha...
by tmcc
Tue Jan 15, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4461

Re: How to avoid temptation to buy hot stocks or bitcoin?

investing and gambling are synonymous. I [invested / gambled] on this house I [invested / gambled] on this index fund I [invested / gambled] on buying a business when people here say "gamble" , it is uniformly part of a rationalization. So you truly think there is no way to discern risk? Then I ass...
by tmcc
Mon Jan 14, 2019 8:50 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4461

Re: How to avoid temptation to buy hot stocks or bitcoin?

investing and gambling are synonymous.

I [invested / gambled] on this house

I [invested / gambled] on this index fund

I [invested / gambled] on buying a business

when people here say "gamble" , it is uniformly part of a rationalization.
by tmcc
Mon Jan 14, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5453

Re: Anyone beating the index instead of buying it?

<<it adds up to a lot over the long term.>> 2) No, it does not matter. You're a smart guy and have some great thoughts but you're just dead wrong about this An additional 50bp of CAGR over 10 years is a BIG difference No, it is not. Show me the number. And, I can prove it. KlangFool https://www.por...
by tmcc
Mon Jan 14, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5453

Re: Anyone beating the index instead of buying it?

Sorry I meant to say annualised over long term so atleast 5+ years prefereably 10+. I know a few famous value investors do but you don't really hear many stories about smaller investors.. if you can consistently beat the index by a couple of % it adds up to a lot over the long term. <<it adds up to...
by tmcc
Mon Jan 14, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2957

Re: Schwab SWSXX going away

I'll give them a call today, appreciate the discussion. This is not the first time this has happened.
by tmcc
Mon Jan 14, 2019 6:46 am
Forum: Investing - Theory, News & General
Topic: Anyone beating the index instead of buying it?
Replies: 51
Views: 5453

Re: Anyone beating the index instead of buying it?

Sorry I meant to say annualised over long term so atleast 5+ years prefereably 10+. I know a few famous value investors do but you don't really hear many stories about smaller investors.. if you can consistently beat the index by a couple of % it adds up to a lot over the long term. <<it adds up to...
by tmcc
Sun Jan 13, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: Large SUV
Replies: 75
Views: 6668

Re: Large SUV

The new pilot is not an SUV anymore, its a 4 door mini van. it has the ground clearance of a prius. Get a suburban/yukon/tahoe variant, sequoia/GX470 variant. smaller yet good option is the 4runner. if you need to haul and carry, consider a crew cab 1500 truck. they can easily carry 5 plus more stuf...
by tmcc
Sun Jan 13, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1980

Re: ROI calc on grocery expenses

cheese_breath wrote:
Sat Jan 12, 2019 11:29 pm
20 years is a long time to keep something without some kind of damage. Do you need to insure it?
Good call. I have a contact at Aon... maybe they can broker me reinsurance on my home owner's policy or stop loss policy in the event of spoilage
by tmcc
Sun Jan 13, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 10175

Re: Disciplined with finances, but not so with diet

This is a laughably simple topic if you will allow it to be. No, it is not a simple topic. Weight and appetite are largely controlled by hormones. See for example, "9 Proven Ways to Fix The Hormones That Control Your Weight" https://www.healthline.com/nutrition/9-fixes-for-weight-hormones . Victori...
by tmcc
Sat Jan 12, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1980

Re: ROI calc on grocery expenses

LookinAround wrote:
Sat Jan 12, 2019 4:31 pm
Hmmm.. Is there a market for mac and cheese futures?
Here we go

I'll put on a butterfly spread on wheat and cattle futures. Maybe I should throw in some lumber too so I can have mixing spoons.
by tmcc
Sat Jan 12, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2957

Re: Schwab SWSXX going away

No, the sell occurred at the same time as the ETF buy but it is a mutual fund and the fill occurs after hours.
by tmcc
Sat Jan 12, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Schwab SWSXX going away
Replies: 37
Views: 2957

Re: Schwab SWSXX going away

Does Schwab let you trade directly from a "purchased" money market fund, as fidelity does? Or do you have to move funds to the FDIC sweep to cover trades. Schwab will require you to "sell" the purchased money market fund to raise the cash. Fortunately, you can still request a trade, put in the sell...
by tmcc
Sat Jan 12, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1980

ROI calc on grocery expenses

I am trying to figure out an ROI on this 24lb tub of mac and cheese that costco has. They claim it'll last 20 years. Adjusted for inflation, how would I go about doing the ROI calc on this versus cashflowing my mac and cheese needs? I average mac and cheese 2-3 nights per month and I usually buy kra...