Search found 5085 matches

by Jags4186
Tue Jul 28, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 23602

Re: Ally 1% bonus, up to $250, sign up by 3/23

$250 posted today...amazing that we are excited about a 1% return. I remember as a kid in the late 70s putting my grass-cutting money into a money market making 14%...great when you're 12 years old with no mortgage! Alas, it is not a 1% return, it is a 4% return plus the rate of return you're getti...
by Jags4186
Tue Jul 28, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: Tesla Model 3: Leasing the way to go?
Replies: 28
Views: 2847

Re: Tesla Model 3: Leasing the way to go?

My thought is that, if you can stomach it under current circumstances, try to rent a Model 3 and drive it for a week. Determine whether or not you really want one. Once that is determined ask yourself how you typically handle your vehicles. Do you typically upgrade every 3 years? Do you typically ke...
by Jags4186
Tue Jul 28, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 23602

Re: Ally 1% bonus, up to $250, sign up by 3/23

$250 posted today...amazing that we are excited about a 1% return. I remember as a kid in the late 70s putting my grass-cutting money into a money market making 14%...great when you're 12 years old with no mortgage! Alas, it is not a 1% return, it is a 4% return plus the rate of return you're getti...
by Jags4186
Tue Jul 28, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ask for more? [pay raise with promotion]
Replies: 19
Views: 1949

Re: Ask for more?

Wow, I’m out of touch with many people on this forum. To me, it seems the height of ingratitude when your company has been hit hard, salaries are frozen, and people are getting laid off. And for 2-4% more. I’d be ticked if I was your manager, who has probably had to really go to the mat to get the ...
by Jags4186
Tue Jul 28, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3123
Views: 229173

Re: Small Cap Value heads Rejoice !!!

Can you explain this theoretically? What's the EMH implication on international investing? I can't speak for OP, but IMO if you deviate from world market weight you clearly do not believe in EMH. You can believe in EMH and still tilt. You are making a bet to try and outperform. I understand probabi...
by Jags4186
Tue Jul 28, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: "Beware the Hype on Gold"
Replies: 170
Views: 12841

Re: "Beware the Hype on Gold"

1. Gold is at all time high, bad time to add now. 2. I don't think any advisor would recommend more than 10% in gold While I don't necessarily disagree with your sentiment on gold, and I own no gold, I think both of those statements are wrong. 1) Something being at an all time high is not a reason ...
by Jags4186
Mon Jul 27, 2020 5:53 am
Forum: Personal Consumer Issues
Topic: TV antenna
Replies: 48
Views: 2639

Re: TV antenna

bog007 wrote: Sun Jul 26, 2020 9:36 pmLocast
+1000 no reason to mess with any of the stuff in this thread.
by Jags4186
Sun Jul 26, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: Re-Retiring Financially (SWR) After Good Year
Replies: 63
Views: 5463

Re: Re-Retiring Financially (SWR) After Good Year

I think one needs to make a reasonable assumption before resetting a withdrawal. Take a typical 1990 retiree, looking to make it 30 years, with $1mm in a 60/40 SP500/ITT portfolio withdrawing 4% + inflation. At the end of the first 10 years the person has $2.6 million and made an $58,000 withdrawal....
by Jags4186
Sun Jul 26, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Buying a new or used piano - advice needed
Replies: 41
Views: 1958

Re: Buying a new or used piano - advice needed

Do people today still even play the piano or even want to learn how? I thought it was like the antiques and collectibles in your grandmas attic, or film camera users. The generation that it appeals to is quickly dying off. Maybe try estate sales in rich neighborhoods. The heirs don't want it and it...
by Jags4186
Sun Jul 26, 2020 6:15 pm
Forum: Personal Consumer Issues
Topic: Buying a new or used piano - advice needed
Replies: 41
Views: 1958

Re: Buying a new or used piano - advice needed

Since you have a rather high budget and want an upright I would recommend a Yamaha Avantgrand NU1X hybrid piano. They offer real mechanical action without need to ever tune, don’t have a soundboard which can go bad, and can be played silently with headphones.
by Jags4186
Sat Jul 25, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA questions
Replies: 9
Views: 722

Re: COBRA questions

Don't understand question #1. 'Special enrollment" in what? The government marketplace? If so, the answer is No. https://www.healthcare.gov/unemployed/cobra-coverage/ #3. Up to the employer, but many do allow you to continue in dental & vision. As an aside, it never hurts to negotiate her exit by a...
by Jags4186
Sat Jul 25, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA questions
Replies: 9
Views: 722

COBRA questions

My wife was laid off on Friday. We are both on her insurance plan. I know this qualifies as a life change event, allowing us to both go onto my employer’s plan, but we want to remain on COBRA at least until January 1 as we are having some procedures done that my employer’s plan does not cover and he...
by Jags4186
Sat Jul 25, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Where did all the money go? Mint v YNAB etc
Replies: 11
Views: 1431

Re: Where did all the money go? Mint v YNAB etc

Mint is pretty good. I think YNAB is great if you’re anal about this stuff, but I found it to be a little cumbersome. Mint is good if you just want to keep track of and categorize your expenses. Mint is record keeping, YNAB is planning (I haven’t used YNAB in a while).
by Jags4186
Sat Jul 25, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Remote Hotspotting?
Replies: 19
Views: 1143

Re: Remote Hotspotting?

If it is a remote area, while their may be AT&T service, the data service may be weak or non-existent. I live in an area where often the best you get is 1G (some areas have no data or voice coverage at all). Until you get a device (smartphone) in to the location and do a speed test, you really have...
by Jags4186
Fri Jul 24, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1393

Re: Wife lost her job - 401k question

999 wrote: Fri Jul 24, 2020 6:03 pm Is it normal for the spouse to be on a HR call?
She’s no longer an employee so I see no reason not to participate.
by Jags4186
Fri Jul 24, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1393

Re: Wife lost her job - 401k question

If 25% are laid off and most are 401K participants, it sounds like this would qualify as a partial termination of the 401K plan, in which case your wife should be considered fully vested. https://www.irs.gov/retirement-plans/retirement-plan-faqs-regarding-partial-plan-termination#:~:text=Your%20pla...
by Jags4186
Fri Jul 24, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1393

Re: Wife lost her job - 401k question

So my wife was laid off today along with 25% of the people at her company. Reason given was that the PPP loan is exhausted. Not completely surprising considering she has been working from home maybe 10 hours a week but getting paid for 40. I predict there will be many layoffs over the next week as ...
by Jags4186
Fri Jul 24, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1393

Re: Wife lost her job - 401k question

While you didn't get any of the stimulus money based on your 2019 income, it sounds like you may get it as an additional refund when you file your 2020 taxes in early 2021. That is, if your 2020 MFJ income is less than $150K, you will get the full stimulus amount. That amount will be reduced by $5 ...
by Jags4186
Fri Jul 24, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Wife lost her job - 401k question
Replies: 12
Views: 1393

Wife lost her job - 401k question

So my wife was laid off today along with 25% of the people at her company. Reason given was that the PPP loan is exhausted. Not completely surprising considering she has been working from home maybe 10 hours a week but getting paid for 40. I predict there will be many layoffs over the next week as c...
by Jags4186
Fri Jul 24, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5269

Re: Pros and cons of buying a big house

pros: - handy when hosting large groups - handy if family/friends stay for extended periods (assuming you like their stay) - flexibility to grow in it cons: - tend to have higher house prices, taxes, interest, etc., - feeling of the need to fill potentially unused space - high electric bill - highe...
by Jags4186
Fri Jul 24, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Wow! Dare Not to Follow the Crowd
Replies: 69
Views: 11349

Re: Wow! Dare Not to Follow the Crowd

FWIW I went to what many would consider an “elite” university and everyone I met who went to a boarding school was, for the most part, completely out of touch with reality. That's not saying much because I hypothesize that most 16-24 year olds supported by their parents are out of touch with realit...
by Jags4186
Fri Jul 24, 2020 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Wow! Dare Not to Follow the Crowd
Replies: 69
Views: 11349

Re: Wow! Dare Not to Follow the Crowd

FWIW I went to what many would consider an “elite” university and everyone I met who went to a boarding school was, for the most part, completely out of touch with reality. And I say this having gone to a private, non-boarding, high school. That may work if you manage to live your entire life in tha...
by Jags4186
Fri Jul 24, 2020 8:22 am
Forum: Personal Investments
Topic: All VTWAX, with bonuses into small caps?
Replies: 11
Views: 595

Re: All VTWAX, with bonuses into small caps?

Small caps are represented exactly at market weight in total market indexes. If your portfolio design is built on a different methodology then perhaps small caps are overrepresented or underrepresented in your portfolio by just using a total market index. I don’t know the size of your portfolio or t...
by Jags4186
Wed Jul 22, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 199
Views: 18664

Re: Tesla becomes most valuable car company in the world

This is a classic chicken-and-egg technology. No one will trust an electric car without the infrastructure. No one will build the infrastructure without the demand. One factor in both Europe & Japan is the power of the domestic auto industry. What banking is as a lobby group in the UK, automotive c...
by Jags4186
Wed Jul 22, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 56
Views: 4604

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

Even if you have 0 intention of taking this other job, you should definitely take the interview. 1) They sought you out, not the other way around. They’re trying to convince you to join, not the other way around. 2) Real interview practice is priceless 3) You may discover during the interview proces...
by Jags4186
Tue Jul 21, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Article claiming 401k no longer "makes sense"
Replies: 74
Views: 7994

Re: Article claiming 401k no longer "makes sense"

I believe the author made a mistake. While not median, mean 3rd fifth household income in the United States in 1980 was $17,701. Mean 4th fifth is $26,078. https://www2.census.gov/programs-surveys/cps/tables/time-series/historical-income-households/h03ar.xls In 1980, MFJ standard deduction is $3400....
by Jags4186
Tue Jul 21, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 199
Views: 18664

Re: Tesla becomes most valuable car company in the world

Don't see it becoming a leader in sales until they produce a sub $30k car that functions well, something that can match the Camrys and Corollas of the world. I wouldn't buy a $50k car that is so small as Model 3 with so limited range. Too little value to me for the price. We are far far away from E...
by Jags4186
Mon Jul 20, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card
Replies: 18
Views: 3396

Re: Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card

If you want a “free” AMEX Platinum you’re better off opening 2 or 3 bank accounts with that $30,000 for the new account bonuses and use those bonuses to pay for the annual fee. This way you can call every year for a nice juicy retention bonus when the $550 annual fee posts. I don’t see AMEX giving r...
by Jags4186
Mon Jul 20, 2020 8:56 am
Forum: Investing - Theory, News & General
Topic: Dark side of Pretax 401Ks and IRAs
Replies: 90
Views: 8498

Re: Dark side of Pretax 401Ks and IRAs

This is the type of article that is usually sponsored by a financial advisory firm. Financial advisory firms don’t get paid on assets that are in your 401k, so of course they want to invest in taxable where they manage the money. Similar to how one of the most prominent financial advisors recommends...
by Jags4186
Sun Jul 19, 2020 10:37 am
Forum: Personal Consumer Issues
Topic: sweet spot for used cars: Price and mileage?
Replies: 52
Views: 4334

Re: sweet spot for used cars: Price and mileage?

I like the concept of wagons, but the reality is luxury wagons are wayyyyy overpriced compared to SUVs. I am not paying $1000s extra for a wagon. For example: The cheapest 2017 BMW 330i xDrive Wagon on autotrader by me is listed at $29,900. It has 49,000 miles on the odometer. The cheapest 2017 BMW ...
by Jags4186
Sat Jul 18, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

A lot of people on the thread have asked how she might pay for unexpected bills. She luckily has a support system around her and has gotten loans from family/friends. I'd prefer she has the money to pay for this herself. This, along with her mindset, will be the biggest roadblocks. As long as she k...
by Jags4186
Fri Jul 17, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Questions for Rick Ferri and Paul Merriman?
Replies: 62
Views: 6543

Re: Questions for Rick Ferri and Paul Merriman?

palaheel wrote: Fri Jul 17, 2020 3:43 pm
bloom2708 wrote: Fri Jul 17, 2020 3:40 pm I would ask them about the bond side with rates where they are at.
And how does this affect a safe withdrawal rate.

Should the asset allocation shift more to stocks?
Paul answered this question on this weeks podcast. The answer is no.
by Jags4186
Fri Jul 17, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody watch new joe Rogan episode with Peter Schiff?
Replies: 51
Views: 6750

Re: Anybody watch new joe Rogan episode with Peter Schiff?

Peter Schiff has been saying the exact same thing for 20+ years. Take a look at his EuroPacific capital funds. If you want to lose money invest with/like Peter Schiff.
by Jags4186
Fri Jul 17, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6475

Re: Anyone else love this new working from home thing?

I liked it for a while but, as a sales person not really wanting to get back out onto the road, in an industry that has taken a beating, I’m extremely nervous about my position. I have been working 10-15 hours/wk for 2 months or so now. This isn’t sustainable and I’m unsure how to move forward. I ta...
by Jags4186
Thu Jul 16, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

I think the answer is pretty simple. Your mother has $4700/mo in expenses and at retirement will have $3600 of income. You can give her $1100/mo, she can cut expenses by $1100/mo, or you can do something in between. Easiest way to cut expenses is to sell the house and rent someplace that only costs...
by Jags4186
Thu Jul 16, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11371

Re: Mom Has $2K Net Worth at 62 - Want to Help

I think the answer is pretty simple. Your mother has $4700/mo in expenses and at retirement will have $3600 of income. You can give her $1100/mo, she can cut expenses by $1100/mo, or you can do something in between. Easiest way to cut expenses is to sell the house and rent someplace that only costs ...
by Jags4186
Thu Jul 16, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7517
Views: 515534

Re: Refinance Mega Thread

How long after closing did you guys receive your Amex credit? I know it says 8-12 weeks. But curious if it really takes that long. I did a search in a reddit AMEX discussion site and found that people are reporting that they got their credit in a about a month. I wish I was that lucky. I'm past two...
by Jags4186
Thu Jul 16, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7517
Views: 515534

Re: Refinance Mega Thread

So I feel like I'm a bit of a pickle here. I uploaded all my documents to Loan Depot last night because they offered me 2.75% 30 year no-cost mortgage. Once he made the offer I called Better who said they didn't think they could match it. Better called today and said they could match 2.75% no-cost ...
by Jags4186
Wed Jul 15, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7517
Views: 515534

Re: Refinance Mega Thread

Re: Amex offer. Ok guys i'm confused. Those of you that got the Amex $2500 from Better, did you all have targeted offers from Amex that you clicked? Or can I just go to the Better-Amex offer site and apply? The terms clearly say you have to apply through a targeted offer link. I received a personal...
by Jags4186
Wed Jul 15, 2020 4:48 pm
Forum: Personal Consumer Issues
Topic: Ancient/slow ipad 2
Replies: 22
Views: 1212

Re: Ancient/slow ipad 2

There is nothing you can do to speed up the iPad 2. Resetting, in fact, would be a bad idea. There is a good chance you will not be able to redownload most apps from the AppStore as the device is no longer supported.
by Jags4186
Wed Jul 15, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Amex platinum annual fee
Replies: 28
Views: 4387

Re: Amex platinum annual fee

Flyer talk reports people receiving 50k points or $500 retention offers. This has been normal since before COVID.

Make sure you call the actual retention number, not the number on the back of your card.

800.452.3945
by Jags4186
Wed Jul 15, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Helping our Adult Child Buy a Home
Replies: 72
Views: 5737

Re: Helping our Adult Child Buy a Home

I would suggest you give your daughter a lump sum and then let her and her husband decide what to do. If you become a source of income for them it could cause problems down the line if for whatever reason you no longer could provide that income. Don’t think it can’t happen — many people, wealthier t...
by Jags4186
Tue Jul 14, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7517
Views: 515534

Re: Refinance Mega Thread

Tomorrow is when the notary comes to sign paperwork. I’m a little confuse with my numbers now after talking to my closing expert. Orignally, the loan estimate was for $325,000. That was my balance after making a June payment. The 1st payoff amount was requested on July 1st. Amount was $326,500 A fe...
by Jags4186
Mon Jul 13, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance Mortgage
Replies: 4
Views: 294

Re: Should I Refinance Mortgage

I currently have a $495K mortgage at interest rate of 3.875% in state of NJ. It looks like interest rates are lower now, but I've heard that you shouldn't refinance unless you can save a whole point because of closing costs. I would love to know your thoughts! Thanks!! You shouldn’t pay $0.01 to re...
by Jags4186
Mon Jul 13, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6592
Views: 622528

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

For those with a margin account at IB, PV shows that VTI+EDV leveraged 3 times is a superior alternative to UPRO/TMF. 8.5 higher CAGR, better Sharpe, better Sortino, lower US market correlation. Max drawdown and SD are slightly higher though. I thought the issue was when you do this in a margin acc...
by Jags4186
Mon Jul 13, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7517
Views: 515534

Re: Refinance Mega Thread

I've done enough research to be very skeptical about some of the claims. the 30-year fixed-rate average sank to a record-low 3.13 percent with an average 0.8 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) So, claims that peo...
by Jags4186
Mon Jul 13, 2020 6:53 am
Forum: Investing - Theory, News & General
Topic: Article: Investors-face-a-scary-out-of-whack-scenario...
Replies: 13
Views: 2016

Re: Article: Investors-face-a-scary-out-of-whack-scenario...

This isn’t unusual. Throughout the history of the market, 25,000+ companies coming and going in US exchanges, only 1100, just 4%, have caused US equities to perform on average better than TBills. Most of what you own is garbage. It’s the high flyers that get you your return. You just have no idea ho...
by Jags4186
Sun Jul 12, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: DFA Small-Cap Value has now underperformed since inception
Replies: 111
Views: 6818

Re: DFA Small-Cap Value has now underperformed since conception

Even if TSM/SCV equaled performance over 20+ years of 100% TSM it was still a worthwhile bet. If you can handle the slightly increased volatility you made a bet to try and do better and, while it didn’t do better, you didn’t do any worse. Now you can make the argument that you increased complexity....
by Jags4186
Sat Jul 11, 2020 6:07 pm
Forum: Investing - Theory, News & General
Topic: DFA Small-Cap Value has now underperformed since inception
Replies: 111
Views: 6818

Re: DFA Small-Cap Value has now underperformed since conception

I don't get it. You are comparing performance of $10,000 invested in 1993 in DFSVX vs VTSAX. The graph shows DFSVX higher performance from roughly 2000 till now. That is ~20 year period of higher performance over total 27 year history available in this graph. What am I missing? If I owned $10,000 i...
by Jags4186
Fri Jul 10, 2020 8:54 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10276

Re: 51 year old physician

Who is getting a 2.5% 30 year mortgage these days? BankRate.com says that 3.25% is average for a 30 year mortgage. I just closed on Thursday on a 2.875% 300k 30yr with $6k in credits. That means I could have gotten a no cost 2.5% mortgage if I chose to take a $1500 credit and use $4500 of the credi...