Search found 5481 matches

by inbox788
Thu Sep 13, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1409

Re: Credit card advice

Yes, simplify. There is such a thing as too much credit. There was one thread where someone had 5 cards totaling over $100k in credit limit that I think is too much for me. One person reported they had to reduce their total credit to below their annual salary to qualify for mortgage. So, is there an...
by inbox788
Wed Sep 12, 2018 1:24 am
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 1959

Re: dumb dentist question - canceling whole life insurance

Think of it this way: you realized it was a mistake with only a years worth of premiums. Every month you delay getting rid of it makes the mistake bigger. Set up your term life tomorrow, cancel the whole life the day after. Lesson learned, move on. If you want to pursue the 1035 exchange, call vang...
by inbox788
Tue Sep 11, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: One bond fund is enough?
Replies: 16
Views: 1729

Re: One bond fund is enough?

Vanguard seems to be pushing "International Bonds" pretty heavy for some reason. I don't see anyone else in the investment punditry that I hold with any regard advising international bonds, least of all the currency hedged ones in Vanguard's fund. There is overlap between Total Bond and the other f...
by inbox788
Tue Sep 11, 2018 12:09 am
Forum: Investing - Theory, News & General
Topic: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)
Replies: 26
Views: 2267

Re: Moved to 100% FDIC Insured Cash today (college money needed in 3 years)

Not sure that's what I'd do, but if it funds your needs and you want a safer option, by all means do what's comfortable. If the funds in the 529 are not good, you may be able to shuffle some funds around and achieve the same overall risk and AA with better, lower cost or higher return funds. It's si...
by inbox788
Mon Sep 10, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3670

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Benchmark: $18k in a Roth IRA, earning 6% compounding interest, starting in year 2019. ... 2019 $18k withdrawn from Roth IRA, given to DAF. This is 150% of annual giving to prevent DAF from bottoming out. Each month $1k is put in DAF and DAF gives $1k to charity DAF ending balance is $18k Itemize t...
by inbox788
Mon Sep 10, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3670

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Interesting idea, but I’m having trouble after several readings following the different starting points and end points. I’d like to see what happens if you equalize the end points, similar to zero down car leases to eliminate down payment effect. Also, the lease cars are returned as well as the comp...
by inbox788
Mon Sep 10, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4632

Re: $250,000 family loan to parents?

Please forgive my ignorance, but if parents needed $25k, you could simply lend them the cash and not charge any interest. If there is any interest requirement, if rate is less than 4%, then the gift of interest is less than $1000. If loan was paid back in 3-6 months, the whole transactions should be...
by inbox788
Sun Sep 09, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Put Options
Replies: 37
Views: 2159

Re: Put Options

buying put options is a suckers bet. they are way overpriced. Is this the "Volatility Smile" to which you are referring? Or some more general property of Put options? It makes sense that they should be overpriced in the case of Amazon. A company like Amazon will have a lot of connected parties like...
by inbox788
Sun Sep 09, 2018 1:31 am
Forum: Investing - Help with Personal Investments
Topic: How to invest a large sum of money.
Replies: 9
Views: 2177

Re: How to invest a large sum of money.

This makes a lot of sense. For the bond portion of my asset allocation should I be investing in the CA Intermediate Tax Exempt bond fund or the Total Bond Fund ? I am in the 22% fed bracket and 8% State. Lastly is a HSA account worth it as a resident of CA. No, it doesn’t matter terribly what bond ...
by inbox788
Sat Sep 08, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9883

Re: What will you do when you find you have more money than expected?

....I calculate my net worth twice a year.................am also at the point where I am more interested in getting rid of "stuff" than getting more "stuff". Only twice a year? :shock: I do mine twice a month. Sometimes more. It just feels so Gooood.. :D Agree 100% on your 2nd point. Getting rid o...
by inbox788
Fri Sep 07, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: Subaru: Crosstrek or Outback?
Replies: 81
Views: 5729

Re: Subaru: Crosstrek or Outback?

Crosstrek: Really slow and (strangely) loud. A size I could see myself driving in the city without problems. More room than I thought there would be, but it's really just an Impreza on stilts. Since someone asked why not Forester, I'll ask why not Impreza? Spacewise inside, they're not different. Y...
by inbox788
Fri Sep 07, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2244

Re: D. E. Shaw fund prospectus - would you invest?

A clear "no" from me. Anyone who has read this board for any length of time has seen how student loans have gotten out-of-hand with extraordinary balances achieved by many individuals, like a fire hydrant of money freely available anyone who reaches their hand out. If those are the main focus of th...
by inbox788
Fri Sep 07, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: Selling Internet domain name based on family last name.
Replies: 29
Views: 2722

Re: Received inquiry about purchasing domain name based on my own last name. How to respond?

How many letters is your last name? How many syllables? Is it easy to pronounce and remember? If your last name is Jobs $1 Billion dollars. OP, Mr. Nissan? (FWIW, nissan.com Estimated Value: $22,403, nissanusa.com Estimated Value: $6,203) Thanks for the replies so far. I also was wondering about ta...
by inbox788
Fri Sep 07, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Car Shopping, Seem to lose my Boglehead way each time help!!
Replies: 37
Views: 2975

Re: Car Shopping, Seem to lose my Boglehead way each time help!!

Things I do Wrong: -Buy too much Horsepower 400-500 when I want some get up and go 200-300 would be just fine and cost less and have more MPG ...it's difficult to trade-in a car and get one that's slower, less luxurious, and missing a lot of the tech I'm used to. Where should my head be and what ty...
by inbox788
Thu Sep 06, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Placing a stop-loss order with vanguard
Replies: 29
Views: 2459

Re: Placing a stop-loss order with vanguard

1. Is there anything else I need to know about this? ... 7. Is there any reason not to do these stop orders (besides being taxed on any gains this calendar year)? The risk, complication, and costs isn't worth any perceived potential benefits. What exactly are you trying to achieve? You can limit yo...
by inbox788
Thu Sep 06, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner really expensive?
Replies: 19
Views: 2053

Re: Financial Planner really expensive?

I have never seen Financial Engines advice that made sense to me. Do you have any examples of the kind of advice you would get please? I've run their automated program and the recommendations aren't half bad, but that was free to me. Signing up for their management might have landed me in much high...
by inbox788
Thu Sep 06, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Planner really expensive?
Replies: 19
Views: 2053

Re: Financial Planner really expensive?

Yes, they're very expensive. Do the math for $90k, $200k and $400k accounts. Remember, they collect these fees from your account each and every year! What exactly are they doing year 2, 3 and so on once they've set things up? How much time will they be spending with you? Figure an hourly rate for wh...
by inbox788
Wed Sep 05, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3533

Re: Charitable Tax Deductions

My head hurts :oops: I think one thing in my thinking above that is incorrect is that the money in the DAF can also be invested - why not? That's a source of additional, compounding interest. I suppose then I'm still trying to find a way to evaluate where to rank a DAF in terms of opportunity cost ...
by inbox788
Wed Sep 05, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29900

Re: Do you have an umbrella policy?

We have 1mil...i wanted more, but to go to 2mil was more than double the cost. My insurer apparently does NOT like higher umbrella policies! So stayed with what I had for now. Just can't bring myself to pay more than 2x as much. Ah, I see why they're charging more. Usually 2M is less than 1M becaus...
by inbox788
Wed Sep 05, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29900

Re: Do you have an umbrella policy?

We have 1mil...i wanted more, but to go to 2mil was more than double the cost. My insurer apparently does NOT like higher umbrella policies! So stayed with what I had for now. Just can't bring myself to pay more than 2x as much. Ah, I see why they're charging more. Usually 2M is less than 1M becaus...
by inbox788
Wed Sep 05, 2018 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Mom had no idea she had over a mil in her Portfolio. What now?
Replies: 25
Views: 5253

Re: Mom had no idea she had over a mil in her Portfolio. What now?

One thing you can do to help her is become an expert on cost basis including everything in the taxable accounts (including what EJ already sold as she'll need that for her 2018 tax return). She could owe a lot of money depending upon what her cost basis is. She might need to pay estimated tax this ...
by inbox788
Tue Sep 04, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35237

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

When we moved from a paid-off home, we also found the new one before we were ready to sell the old one. I spoke to the loan officer at a local bank about a bridge loan. He suggested a "no cost mortgage" on either the new home or the old one. The no-cost feature cost 0.125% higher interest rate, but...
by inbox788
Tue Sep 04, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 2965

Re: When do you drop collision insurance?

Clark Howard says: "When your yearly cost for C&C [collision and comprehensive] becomes greater than 10% of your car’s current value, that’s the point at which you can remove the full coverage, and just pay the liability premium.  This math is based on the law of averages for accident claim." https...
by inbox788
Tue Sep 04, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - HSA questions
Replies: 19
Views: 1744

Re: Baby on the way - HSA questions

You likely have a serious problem . OP, yes, really complicated area, so pay heed. There are rare exceptions, so pray there's a slim chance you fit in this opening. My employer offers an HRA, can I have both an HRA and an HSA? Top You can have both types of accounts, but only under certain circumst...
by inbox788
Tue Sep 04, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Tax Deductions
Replies: 46
Views: 3533

Re: Charitable Tax Deductions

Never mind what my overall 2018 tax outlook is. The point of my original post was simply that in the past I received a 28% benefit when I deducted the $k/yr I spend on aircraft fuel during charitable flights. Starting in 2018 that expense is no longer deductible. Other's like GoldStar might conside...
by inbox788
Mon Sep 03, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3296

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

No, no, no! You're looking backwards at past performance. You have to look towards the future and invest in Tesla and Netflix! Tesla will not only take over the auto industry, but also the energy sector. And if they take over Uber in a hostile takeover, they'll fully control the transportation indus...
by inbox788
Mon Sep 03, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 68 with 500K; leave in 401k or move to IRA?
Replies: 11
Views: 3183

Re: Retired at 68 with 500K; leave in 401k or move to IRA?

We retired this year at age 68. Congrats! Drinking from a fire hose re: how to produce income from our $500k in liquid assets, which are 60% in 401k and remainder in brokerage and MM funds. Really? I think you're making mountain out of a molehill. Seems like you're in fine shape. EF in good shape. ...
by inbox788
Mon Sep 03, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 3073

Re: Does leasing car leave me more freedom to invest?

Why is car leasing so bad, especially if it gives me freedom to invest the capital rather than lock it up in a depreciating asset? I feel like that opportunity cost of investing is a huge factor that is often overlooked in traditional advice. ... So with these above assumptions, it pains me to pay ...
by inbox788
Mon Sep 03, 2018 2:24 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

I just picked up a used px160 for $175. The guy was joining the Navy and had to move ASAP. I think I got a good price cause I couldn't find any other listings under $300. Thanks everyone for your help!!! That's a great deal. You might even sell it for more than that in a couple of years when it's t...
by inbox788
Sun Sep 02, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing car leave me more freedom to invest?
Replies: 39
Views: 3073

Re: Does leasing car leave me more freedom to invest?

Apples and oranges comparison. Basic guaranteed return vs highly volatile return over short period of time of the lease. Lease is just a debt instrument. If you truly feel this way you can do margin investing thru IB for fairly low interest rates. Borrow as much as they will give and get your 10% r...
by inbox788
Sat Sep 01, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking Account?
Replies: 45
Views: 2908

Re: Best Checking Account?

Would be nice to deposit checks via phone (like Ally allows). Account will have between 50-150k in it at all times. Free checks would nice. Citi Priority and Gold have some of these benefits. https://online.citi.com/US/JRS/pands/detail.do?ID=CitigoldCompare The Citi app I used to use could do check...
by inbox788
Sat Sep 01, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

The hardest is the multiple credit cards that each need a separate login. I would not have so many, except I find the extra 5% off with purchases worth the extra logins to pay separately to have the store cards for Target, REI, Lowes, Amazon. I simply keep a list and go through each of them the onc...
by inbox788
Sat Sep 01, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

I'm considering a new Casio px160 for about $500. Or a used Casio px800. It's $400 but 6 years old. If I can get a used px160 for $250 I might consider that. No ready to spend $850 plus 10% tax just yet. The PX800 with stand/pedals would be fine. See if you can haggle the price down a little becaus...
by inbox788
Sat Sep 01, 2018 3:48 am
Forum: Investing - Help with Personal Investments
Topic: Advice on transition to Vanguard Funds
Replies: 5
Views: 580

Re: Advice on transition to Vanguard Funds

First, apologies if this topic is found elsewhere. I'm new to the forum. I recently inherited about $1 mil in a Morgan Stanley account that is very actively managed. I'm seeking advice on what steps I should take, and in what order, to move all or most of the funds to Vanguard accounts. I'm 70 and ...
by inbox788
Fri Aug 31, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

Back to the topic at hand, is it worth spending $400 on a new entry level digital piano, or $400 on a used high-end digital piano? IMO, digital pianos have come a long way and they're the best value for starting out. Also, there are some good options for intermediate and advanced players, especiall...
by inbox788
Fri Aug 31, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Passing on Long Term losses to heirs
Replies: 8
Views: 580

Re: Passing on Long Term losses to heirs

The biggest challenge is predicting the timing of the death. If you could do that accurately, getting a one year life insurance policy may have a higher payout.

Anyway, balancing TLH with gains to cancel out taxes on an ongoing basis is one way to reduce this issue so it's mostly negligible.
by inbox788
Fri Aug 31, 2018 2:49 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

Lifelong pianist here as well. For a 3.5 year old you can get a digital piano, start cheap, she may not play long. That said, I disagree with everyone above who says a good digital will equal a mechanical piano or be good enough. It's simply not the case. I've played lots of digitals and they simpl...
by inbox788
Fri Aug 31, 2018 12:07 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3220

Re: Piano for a child

Lifelong pianist here as well. For a 3.5 year old you can get a digital piano, start cheap, she may not play long. That said, I disagree with everyone above who says a good digital will equal a mechanical piano or be good enough. It's simply not the case. I've played lots of digitals and they simpl...
by inbox788
Thu Aug 30, 2018 11:25 pm
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3683

Re: Can margin be beneficial for long-term investing?

Margin is in effect a negative bond so it would be offsetting the bond portion of your portfolio. To me at least it doesn't make a lot of sense to borrow $10,000 with a margin loan while you are lending $10,000 with the bonds you are holding. If your normal asset allocation would be 70 percent stoc...
by inbox788
Thu Aug 30, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Term Life Insurance?
Replies: 17
Views: 1518

Re: Do I need Term Life Insurance?

If you don't have a family history of heart attacks or other illnesses and early deaths, your odds of surviving 5 years are very high. And if you do have those issues, your life insurance costs will likely go up. IMO, you really don't need insurance anymore. You can self-insure. You're a bit underin...
by inbox788
Thu Aug 30, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

I use Vanguard. They have the option to enter outside accounts. Every month or so I manually update them. I'm looking on their site for this option. Can you give me a hint how I can do this? Update: Found the answer to my question. Thank you for posting. You've opened a new door for me. Yes, it was...
by inbox788
Wed Aug 29, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 321
Views: 33701

Re: U.S. stocks continue to soar!

Five minutes into the trading day, the S&P 500 surges up 0.09% :) . Is it sustainable? If it continues at that rate for an hour, it's over 1%/hour, so in a 7 hour trading day, the market could be up 7%! That would be a record or near record. Alternatively, if it stayed level (on average) after "soa...
by inbox788
Wed Aug 29, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

Fidelity: old 401(k), current 401(a), 403(b), i401(k), 529 Vanguard: his and her TIRA and RIRAs, taxable Schwab: inherited taxable. Fairly “stuck” for tax and family reasons TDA: HSA Optum bank: HSA TIAA-CREF: 403(b) Vanguard: different state’s 529 Ally Bank: Emergency fund Bank 1: had for years Ba...
by inbox788
Wed Aug 29, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28336

Re: What to do after losing $117k in stock market?

But ... what if it goes down ? ... oh wait! Then you need to buy a 2X or 3X leveraged index so that you can "get back to even". And then a 4X or 8X ? Cool :) Martingale? Might work if you get real lucky or you have more money than the casino. Liquidity risk? "The Only Winning Move is Not to Play" h...
by inbox788
Tue Aug 28, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

Our money is spread in so many places now (His and her 401ks, old 401ks, IRAs, HSAs, checking, MM, brokerage etc) it is a total pain to log into 10 different accounts every month or so to track it. I agree it's a pain to log into all these types of accounts. I do wonder why you keep old 401ks and n...
by inbox788
Tue Aug 28, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

I attempt a 4 fund portfolio across 5 brokerage companies and 3 banks. Would love to simplify but not so easy Why do you NEED 5 brokerages and 3 banks? Would it be possible to give up one of the brokerage accounts and/or one of the bank accounts? I've contemplated using the Fidelity or Vanguard cas...
by inbox788
Tue Aug 28, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11998

Re: How do you 7 figure guys organize multiple accounts?

How many accounts are you talking about? The best way to organize multiple accounts is to REDUCE the number of accounts. I'm constantly trying to eliminate unnecessary or low utility accounts, but like weeds, there seem to be more and more. I've tried to concentrate the main accounts into a handful ...
by inbox788
Mon Aug 27, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Compare investment options
Replies: 8
Views: 859

Re: Compare investment options

(6x4=24%; using 2% inflation, 2*4=8% and rule of 72 (72/8=9) doubling in about same time. Sorry but I did not understand why divide 72 by 8. I know rule of 72 but not sure why divide by 8%. With 20% down, you're 4 times leverage on the 2% inflation and 6% cap rate. It's only an approximation becaus...
by inbox788
Mon Aug 27, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: Considering iPad to replace failing Nexus tablet
Replies: 60
Views: 4740

Re: Considering iPad to replace failing Nexus tablet

Ipads are great, but if the Nexus table is meeting your needs, you might try some additional software https://wiki.lineageos.org/devices/flounder or hardware fixes https://productforums.google.com/forum/ ... K1GaZACgAJ
by inbox788
Mon Aug 27, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28336

Re: What to do after losing $117k in stock market?

It is a hobby of mine and brings me lots of joy but it is also stressful and depressing because I seem to always pick the worst stocks to invest . This is an old thread, but when I saw this, it reminded me of "George Costanza Does The Opposite" https://www.youtube.com/watch?v=cKUvKE3bQlY You just h...