Search found 279 matches

by jmbkb4
Thu Mar 31, 2011 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: deducting loss on a home sale. is this legal? unethical?
Replies: 24
Views: 4119

Re: deducting loss on a home sale. is this legal? unethical

Currently selling a home that was my primary residence. It is no longer my primary residence. I will take a loss on the sale (~25K). The house is currently empty. From what I understand, you cannot deduct a loss on the sale of your primary residence. Can I say that this is now an investment propert...
by jmbkb4
Thu Mar 31, 2011 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Lowballing a house offer.
Replies: 43
Views: 8265

Sounds like it's been on the market for at least a little while. My guess is that the owners are pretty stressed. Make a low ball offer and if they don't take it, move on. Who cares if they get mad at you? You guys will find plenty of houses you love. exactly. in every city in the USA, it remains a...
by jmbkb4
Thu Mar 31, 2011 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Lowballing a house offer.
Replies: 43
Views: 8265

They can ignore you, or they can counter with any other number including not changing the price. Suppose they came back with the same price. That would mean they want to sell, but at the price they already listed at. Imagine what you would do then. If you go up, I would imagine they would simply do...
by jmbkb4
Thu Mar 31, 2011 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Lowballing a house offer.
Replies: 43
Views: 8265

all they can do is ignore you.

if might piss off the sellers, but who cares?

i was recently low-balled but ending up selling the house to the "low baller" for the price i wanted.

go for it!
by jmbkb4
Thu Mar 31, 2011 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: deducting loss on a home sale. is this legal? unethical?
Replies: 24
Views: 4119

Re: deducting loss on a home sale. is this legal? unethical

Not unless you have: 1) Rental income (taxable) 2) Renters 3) Contract signed by you and renters... IRS will want proof. Your odds of being audited will skyrocket. Let's say someone decides buy a property to rent, accrues certain expenses, has no renters within 6 months for whatever reason, gets sc...
by jmbkb4
Thu Mar 31, 2011 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rotating 5% back categories for Credit Cards
Replies: 17
Views: 4174

The 5% cashback categories are similar but not always identical. I am both a Discover and a Chase Freedom customer. For Q1,2011, both cards offered 5% on grocery and drug stores, but Discover also gave 5% on restaurants for March, whereas Chase did not. The 5% is only awarded on the first $x of pur...
by jmbkb4
Thu Mar 31, 2011 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Eat Out - How Often
Replies: 102
Views: 19218

$2.12 at taco bell for a burrito, medium drink, and a bag of Doritos.

:thumbsup
by jmbkb4
Thu Mar 31, 2011 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: 4 Year Olds and Money - Question Re-phrased for Clarity
Replies: 41
Views: 5786

I would NEVER pay children for doing chores. I have seen it countless times turn kids into money-grubbing jerks. The best way to teach kids how to save is to discuss things regarding finances with them and, most importantly, exemplify what you are preaching. 4 y/o is ridiculously-insanely early. I'd...
by jmbkb4
Thu Mar 31, 2011 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: deducting loss on a home sale. is this legal? unethical?
Replies: 24
Views: 4119

Re: deducting loss on a home sale. is this legal? unethical

Currently selling a home that was my primary residence. It is no longer my primary residence. I will take a loss on the sale (~25K). The house is currently empty. From what I understand, you cannot deduct a loss on the sale of your primary residence. Can I say that this is now an investment propert...
by jmbkb4
Thu Mar 31, 2011 3:34 pm
Forum: Personal Investments
Topic: Best risks for a young person to take?
Replies: 49
Views: 5234

bottom line: education > anything. Careful... I'm finding that there are very few (if any) absolutes in life. I've been raised on the importance of education, but now, myself, my peers, and our collective parents realize that education does not always pay off. Here's some interesting reads: Women i...
by jmbkb4
Wed Mar 30, 2011 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

Random Musings wrote:As long as one can financially afford the type of home they want to live in and it is well maintained, it's okay with me. (unless it is exactly a 9,000 sq ft home).

RM

What if it's 9300?
by jmbkb4
Wed Mar 30, 2011 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need an emergency fund?
Replies: 78
Views: 9966

I'm certain I don't "need" an EF either. I probably don't "need" home insurance. But both seem like reasonable things to have "just in case." The better statement might be: you may not need LIFE insurance along with not needing an EF. It's possible (and likely) that on...
by jmbkb4
Wed Mar 30, 2011 9:52 pm
Forum: Personal Investments
Topic: If expenses matter, why not just own stocks?
Replies: 27
Views: 3463

yes, it would be cheaper, expense-wise.

next.
by jmbkb4
Wed Mar 30, 2011 9:51 pm
Forum: Personal Investments
Topic: Why does a person under age 35 need to own bonds?
Replies: 77
Views: 9666

I see the OP's point. I'm trying to make myself buy bonds too
by jmbkb4
Sun Mar 27, 2011 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need an emergency fund?
Replies: 78
Views: 9966

I'm certain I don't "need" an EF either.

I probably don't "need" home insurance.

But both seem like reasonable things to have "just in case."
by jmbkb4
Sun Mar 27, 2011 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

word wrote:
jmbkb4 wrote:
I don't get it. Please enlighten me. I'm not into anime (sp?).
http://meme.wikia.com/wiki/Over_9000
Holy cow. It's even more bizarre than I imagined.

:yawn
by jmbkb4
Sun Mar 27, 2011 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: At What Point Would You Walk Away From Your House?
Replies: 184
Views: 20004

To me, it just seems kinda sleazy.

But I'm still wondering why you wouldn't just pay down the principal and get out from under your very high 6.5% interest rate???

It would make the whole situation more palatable and less theatrical.
by jmbkb4
Sun Mar 27, 2011 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

I haven't felt judged at all as I read this thread.

Haven't sensed any overt jealousy either.

:roll: :lol:
by jmbkb4
Sun Mar 27, 2011 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

SSSS wrote:
jmbkb4 wrote:Our home is 9,000 sqft.
Image

I don't get it. Please enlighten me. I'm not into anime (sp?).
by jmbkb4
Sun Mar 27, 2011 1:48 pm
Forum: Personal Consumer Issues
Topic: i am retired and want to live in Hawaii
Replies: 61
Views: 19476

I think affording this will be a real problem for you.

But I wish you a very happy retirement wherever you end up
by jmbkb4
Sun Mar 27, 2011 1:46 pm
Forum: Personal Investments
Topic: Green Investing
Replies: 54
Views: 5421

Although I can find social and environmental faults with many of its holdings, as an investor who likes index funds and used to be completely invested in socially responsible funds, my largest holding is still the TIAA-CREF Social Choice Equity fund (TICRX; ER of 0.38%). Many SRI funds have underpe...
by jmbkb4
Sun Mar 27, 2011 1:44 pm
Forum: Personal Investments
Topic: Green Investing
Replies: 54
Views: 5421

brianca, I suspect that most funds (even socially responsible funds) are going to own some companies that you find objectionable. Consider the companies in Vanguard's FTSE Social Index Fund. Several of the largest holdings are big banks, which you've already said you don't like. One of these banks,...
by jmbkb4
Sun Mar 27, 2011 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund -- what say you?
Replies: 38
Views: 4370

Things will be changing pretty dramatically for 2011. I do need to sit down my accountant and get my withholding/allowances figured out in a few months.

Thanks for the advice - I appreciate it.
by jmbkb4
Sat Mar 26, 2011 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

My father would say that that's a good problem to have
by jmbkb4
Sat Mar 26, 2011 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: At What Point Would You Walk Away From Your House?
Replies: 184
Views: 20004

If you can buy a $700k house "with cash" right now, why don't you just pay down your current mortgage so you're not paying such a huge amount in interest every month??? You could refinance easily at about 4% 15 year mortgage given your credit score if you paid it down to even $300k or so. ...
by jmbkb4
Sat Mar 26, 2011 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

To each his own....But, For me, All of that space is just for vanity sake. We are a family of 5 in a bit over 1800 square feet. And, Yes, Our girls even share a room! It's amazing that we can survive! Unlike you , I won't make any veiled comments about your living situation/choices. I wish you all ...
by jmbkb4
Sat Mar 26, 2011 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

snyder66 wrote:Our home is 9,000 sqft. In larger homes, people are more spread out and cleaning is actually easier.


So, You just clean the parts of your home that you actually use?
Ummm, please reread my post.

You might understand it on the 3rd or 4th pass...

Also, don't knock it til you've tried it. ;)
by jmbkb4
Sat Mar 26, 2011 4:35 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA- Is tax efficiency or growth more important?
Replies: 30
Views: 4300

growth
by jmbkb4
Sat Mar 26, 2011 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund-ethical question
Replies: 22
Views: 2528

sarcasm meter should be turned up
by jmbkb4
Sat Mar 26, 2011 4:32 pm
Forum: Personal Investments
Topic: Opening Vanguard IRA for My Mother...Allocation Advice?
Replies: 2
Views: 1152

I'd say that VTENX is about as aggressive as I'd go, given her age.

https://personal.vanguard.com/us/funds/ ... IntExt=INT
by jmbkb4
Sat Mar 26, 2011 4:28 pm
Forum: Personal Investments
Topic: Selecting an IRA
Replies: 3
Views: 602

I'm not sure. I know that scottrade has a minimum of $500.
by jmbkb4
Sat Mar 26, 2011 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a Diamond.
Replies: 22
Views: 6113

tndiehard wrote:Is there any viability of Giving it to Charity and deducting it from my Taxes.

Problem is my Tax rate is pretty low these days.
since it's a non-cash donation, it would be very difficult to get any real tax savings.
by jmbkb4
Sat Mar 26, 2011 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Office to Pseudo Cubicle
Replies: 56
Views: 8025

It sucks, but I wouldn't let it get me down.
by jmbkb4
Sat Mar 26, 2011 4:16 pm
Forum: Personal Consumer Issues
Topic: OT: Please need help with facebook problem
Replies: 6
Views: 940

sigh.

http://answers.yahoo.com/dir/index?link ... 2115500145

took about 6 seconds with a simple google search.
by jmbkb4
Sat Mar 26, 2011 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: At What Point Would You Walk Away From Your House?
Replies: 184
Views: 20004

TRC wrote:We paid 445K for our house in 2006. We put about 50K into it for improvements, and just paid the mortgage off last year so we're debt free (age 33). Today our house is probably worth 375K if we're lucky. Does it suck? Yes, but that's the risk with real estate.
good point.
by jmbkb4
Sat Mar 26, 2011 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refund-ethical question
Replies: 22
Views: 2528

HueyLD wrote:Are you 100% certain that the IRS made a mistake?
The IRS doesn't make mistakes.
by jmbkb4
Sat Mar 26, 2011 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: The ultimate anti-Boglehead
Replies: 24
Views: 4702

Re: The ultimate anti-Boglehead

I have been corresponding with a fellow about a mining company in Kyrgyzstan. I believe he is an accountant and in his 50s. He has invested almost all of his money into this pink sheet mining company. It is a very high risk / high reward type of investment, to put it mildly. He has 100,000 shares p...
by jmbkb4
Sat Mar 26, 2011 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: How big is big for a house and who cleans it?
Replies: 63
Views: 10106

Our home is 9,000 sqft. In larger homes, people are more spread out and cleaning is actually easier.

In smaller homes, clutter is more of a problem.

This has been our experience.
by jmbkb4
Sat Mar 26, 2011 4:04 pm
Forum: Personal Investments
Topic: Green Investing
Replies: 54
Views: 5421

If you want to go green, I'd just invest wisely in index funds Just to point it out, Vanguard FTSE Social Index (VFTSX) is an index fund. A moderately low-cost index fund. A Vanguard index fund. (Of course, that doesn't mean investing in it is wise). Yes -- with 3/10 top holdings in large banks -- ...
by jmbkb4
Sat Mar 26, 2011 3:53 pm
Forum: Personal Consumer Issues
Topic: OT: Please need help with facebook problem
Replies: 6
Views: 940

:roll:

i think you wandered a little too far from the beaten path with this one.

i'd try another message board.
by jmbkb4
Sat Mar 26, 2011 3:50 pm
Forum: Personal Investments
Topic: Green Investing
Replies: 54
Views: 5421

If you want to go green, I'd just invest wisely in index funds and give what you'd pay in active expenses to PETA or other "green" cause.

P.S. Why are you equating JPM with Philip Morris?
by jmbkb4
Fri Mar 25, 2011 7:56 pm
Forum: Personal Investments
Topic: Advice please - large cash holding, so when to invest?
Replies: 60
Views: 8220

if you don't need the cash super-urgently, why take on more risk than necessary??
by jmbkb4
Fri Mar 25, 2011 7:55 pm
Forum: Personal Investments
Topic: Total/Total/Total?
Replies: 25
Views: 3493

Re: Total Market Index Funds

7. Additions & withdrawals do not unbalance portfolio. 8. No worry--the stock market has always gone up. 9. Never below market's average performance. Category Performance: TOP 27%--Total Stock Market (15-years)* TOP 18%--Total Stock Market after tax (10-years)* TOP 21%--Total International (10-...
by jmbkb4
Fri Mar 25, 2011 7:54 pm
Forum: Personal Investments
Topic: Dumb Question: Transactions Within an IRA
Replies: 7
Views: 1268

you can go crazy within an IRA and it is all tax-free.....
by jmbkb4
Fri Mar 25, 2011 7:45 pm
Forum: Personal Consumer Issues
Topic: The check got lost in the mail
Replies: 37
Views: 8020

Re: The check got lost in the mail

I mailed my wife's health insurance premium last Wednesday (3/9). As of today (3/18 ) they have not received it. It went from a suburb to the main city, maybe a distance of 20 miles. I put it in a freestanding collection box, one of the few still around. I rarely mail payments but this lousy compan...
by jmbkb4
Fri Mar 25, 2011 7:45 pm
Forum: Personal Consumer Issues
Topic: Online dating sites - worth it?
Replies: 253
Views: 46339

never had any need to try it, thank God...
by jmbkb4
Fri Mar 25, 2011 7:44 pm
Forum: Personal Consumer Issues
Topic: Grieving [for pet] Poll
Replies: 92
Views: 12958

SSSS wrote:
jmbkb4 wrote:why is this in the "help with personal investments" forum????
Well, having a cat does cost about $1000 per year.
:roll: :roll:
by jmbkb4
Fri Mar 25, 2011 7:42 pm
Forum: Personal Consumer Issues
Topic: Philosophical/ethical question: getting to the top
Replies: 34
Views: 3813

I got to the top without having to step on anybody.

Doing the right thing is always right, in the end.
by jmbkb4
Fri Mar 25, 2011 7:42 pm
Forum: Personal Consumer Issues
Topic: The orangutan and dog teach us to get along
Replies: 17
Views: 2115

:roll:
by jmbkb4
Fri Mar 25, 2011 7:41 pm
Forum: Personal Consumer Issues
Topic: OK...should we go to Maui??
Replies: 34
Views: 3732

GO.......

if there are too many losers on here that try to dissuade you from it, just ignore them.........

life is too short.