Search found 5514 matches

by inbox788
Fri Jul 10, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 10
Views: 1184

Re: Whole life insurance

... if you have done research and need more tax advantaged space, variable annuities can also be an option. I would strongly advise against this, too. Gains are tax-deferred, but everything comes out as ordinary income. Investing in low cost, indexed funds that you can hold for the long term essent...
by inbox788
Fri Jul 10, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges on two separate credit cards
Replies: 22
Views: 3455

Re: Fraudulent charges on two separate credit cards

Still could be coincidence, since millions of credit cards are stolen a year, you might be the lucky one where lightning strikes same place twice. Was it same bank/issuer or different? While individuals get hacked or attacked, I think many times it's the processors or issuers that get hit. Sometimes...
by inbox788
Thu Jul 09, 2015 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Funds that exclude one country
Replies: 27
Views: 2060

Re: Funds that exclude one country

I don't understand hwy you would want to invest specifically in an ETF of your father's country if you wanted to avoid that country. Is that country a large holding in Total World? Vanguard Total World Investor has er=0.27% and ETF shares er=0.17%. You may be able to lower your expense ratios by ho...
by inbox788
Thu Jul 09, 2015 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 30 year or 15 year?
Replies: 56
Views: 11479

Re: Mortgage - 30 year or 15 year?

Answer these 2 questions. 1) Is the extra monthly payment amount a burden, do you see it becoming a burden, and what would you do if it were to become a burden? 2) What alternative investment would you place the extra payment difference? Spend it? 100% equities with market returns 5-6% minus taxes? ...
by inbox788
Wed Jul 08, 2015 8:35 pm
Forum: Personal Consumer Issues
Topic: creepy LinkedIn
Replies: 30
Views: 6643

Re: creepy LinkedIn

I don't care if people know what I buy. I do care if they know who I email. Anyway, I assume shopping websites track. I did not assume LinkedIn was rummaging around in personal material that one would expect it had no access to. The Texas Salesman http://www.thevoiceofreason.co.uk/WorldsFunniestJok...
by inbox788
Wed Jul 08, 2015 8:32 pm
Forum: Personal Consumer Issues
Topic: Vanguard phonecall asking for personal information
Replies: 47
Views: 6211

Re: Vanguard phonecall asking for personal information

I just wanted to initiate this conversation to see if there was a better way for Vanguard to contact me without opening myself up to a possible scammer who knows I have an account there. Possible, but not without some prior planning and information passing. Some utilities and tax agencies have been...
by inbox788
Wed Jul 08, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down on mortgage: need advice
Replies: 14
Views: 2206

Re: Upside down on mortgage: need advice

a strategic default...may impact his security clearance for his job. I told him he needs to look into a strategic default/short sale. There are a few self-evident points. No strategic default. Short sale maybe. ...He CAN afford the monthly payment, but just barely. He does need to move because he w...
by inbox788
Wed Jul 08, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: 26 year old moved to US 2 years back - need guidance in starting up in investing
Replies: 11
Views: 1420

Re: 26 year old moved to US 2 years back - need guidance in starting up in investing

Objective 1: 1MM+ retirement account by 40 (about 13 years from now) This is unrealistic from your current starting place. Unrealistic? Maybe (After calculations (see below): YES) Impossible? No Easy? No I am planning to live frugally and be able to save close to 42K per year from my after tax payc...
by inbox788
Wed Jul 08, 2015 11:39 am
Forum: Personal Consumer Issues
Topic: creepy LinkedIn
Replies: 30
Views: 6643

Re: creepy LinkedIn

I don't care if people know what I buy. I do care if they know who I email. Anyway, I assume shopping websites track. I did not assume LinkedIn was rummaging around in personal material that one would expect it had no access to. The Texas Salesman http://www.thevoiceofreason.co.uk/WorldsFunniestJok...
by inbox788
Wed Jul 08, 2015 11:33 am
Forum: Personal Consumer Issues
Topic: creepy LinkedIn
Replies: 30
Views: 6643

Re: creepy LinkedIn

I would find it way more creepy if LinkedIn "knew" someone had passed away and had proactively shut down their account. :shock: I'm not sure what you think LinkedIn should be doing about this. Linked in could only proactively shut down an account of a living person. That would be creepy if they kne...
by inbox788
Wed Jul 08, 2015 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Pay off car now?
Replies: 17
Views: 1879

Re: Pay off car now?

Do you have a mortgage? What's the rate there? I'd be indifferent about 2.9% vs investing. You can expect 8% long term market return, equivalent to about 5% after taxes. But it's risky. Or you can lower your expected returns to 5-6%, which is likely still above the 2.9% borrowing rate, and have grea...
by inbox788
Tue Jul 07, 2015 4:09 pm
Forum: Personal Consumer Issues
Topic: creepy LinkedIn
Replies: 30
Views: 6643

Re: creepy LinkedIn

I received an invite to LinkedIn from a stranger to an email account I rarely use. I googled the stranger profile, and it appeared to be a real person (some corporate bigwig VP of something). My first thought it was some sort of attack from a hacked account, but I couldn't figure out what was in it ...
by inbox788
Tue Jul 07, 2015 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 44
Views: 5950

Re: Advice on Whole Life Insurance as part of retirement portfolio

The point is the tax benefits. Structured properly it acts like a Roth when you've maxed out your Roth options. Variable annuities are like a non-deductible Traditional IRA and the tax benefits aren't comparable. ... That's the point--it's like a bond or fixed income position. But with a better tax...
by inbox788
Tue Jul 07, 2015 11:26 am
Forum: Investing - Help with Personal Investments
Topic: What to invest in next? (Taxable, Roth, etc)
Replies: 9
Views: 1682

Re: What to invest in next? (Taxable, Roth, etc)

Alright then. Looks like we'll be maxing out our 401ks and doing a backdoor-Roth for each of us. Then we'll use whatever 'extra' money we have to start saving in a taxable account. Maxing out 401k is good. Backdoor Roth is nice. Saving additional 15% or more would be terrific. And if you have extra...
by inbox788
Tue Jul 07, 2015 4:34 am
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 52
Views: 8444

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

so on paper, I estimate I will spend $2300/month in 2015. (mortgage, real estate taxes, home/car/umbrella insurance, utils, gas for car, entertainment, etc.) incase I forgot some small items, I added 10% so I gave myself $2500/month, which is $30k/yr. on jan 1, I wrote down how much $ I have in my ...
by inbox788
Tue Jul 07, 2015 3:19 am
Forum: Investing - Help with Personal Investments
Topic: Need link to simple 3 fund portfolio descriptoin for a beginner
Replies: 2
Views: 418

Re: Need link to simple 3 fund portfolio descriptoin for a beginner

Close enough. I infer from the recommendations that they're in CA and plan to retire in CA (at least for now). Given that they're in CA, the 6-7 properties are more than double the national average, so we're talking about a multi-million dollar portfolio TODAY. In 20 years, it has the potential to r...
by inbox788
Tue Jul 07, 2015 2:09 am
Forum: Investing - Theory, News & General
Topic: VTIAX price drop discrepency
Replies: 20
Views: 2879

Re: VTIAX price drop discrepency

It was my fault. I bought VTIAX last week at 27.xx. I think I'm a contrarian indicator. I'm near the very bottom of the "Bogleheads 2015 Hedge Fund Contest". (was 3rd from last recently, now just checked, I'm 2nd from last!) http://libra-investments.com/hf/bh.html Got to warn you all, I'm thinking o...
by inbox788
Tue Jul 07, 2015 1:55 am
Forum: Personal Consumer Issues
Topic: My email being used on a foreign Facebook account
Replies: 23
Views: 5295

Re: My email being used on a foreign Facebook account

To try to reset the password, FB also required the birthday and mobile numbers used to set up the account, which of course I didn't have. If you can't reset the password, you could try to sabotage the account. Don't know if this would work, or if it does, for how long, but you could try to log on t...
by inbox788
Mon Jul 06, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 44
Views: 5950

Re: Advice on Whole Life Insurance as part of retirement portfolio

I've just been asking questions and trying to pin this issue down to actual details--not broad generalizations that everyone has offered. I have read countless articles on this so far and I am familiar with these issues about fees and commissions and pitfalls. But there seems to be a contrarian gro...
by inbox788
Fri Jul 03, 2015 3:19 am
Forum: Investing - Help with Personal Investments
Topic: Looking to sell some stock, need help with which grants
Replies: 2
Views: 659

Re: Looking to sell some stock, need help with which grants

What's your tax bracket? If low, choose the ones with the biggest gains (lowest prices - likely oldest). If high, you might want to minimize current taxes by choosing least gains (highest price). Make sure you recognize purchase dates so you can take advantage of any lower long term capital gains.
by inbox788
Fri Jul 03, 2015 2:34 am
Forum: Personal Finance (Not Investing)
Topic: financial adviser told me not to invest too much in 401k
Replies: 92
Views: 15601

Re: financial adviser told me not to invest too much in 401k

It could be an otherwise good advisor who gave inappropriate advice to the OP. Let's change the bashing to "inappropriate advice for the client who is age 29 with $57K income." Can anyone show figures to support the advisor's recommendation, other than if the 401k has very high fees? Is anyone chal...
by inbox788
Fri Jul 03, 2015 2:20 am
Forum: Investing - Help with Personal Investments
Topic: Want to buy stock - Not sure where to start
Replies: 16
Views: 2413

Re: Want to buy stock - Not sure where to start

I'm genuinely surprised that you're convinced that you're smart enough to pick a stock (ie smarter then the market...) yet not smart enough to figure out how to purchase that stock. seems.... odd? +1 This is a very risky thing to do, and demonstrates zero understanding about investing (based on the...
by inbox788
Thu Jul 02, 2015 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: financial adviser told me not to invest too much in 401k
Replies: 92
Views: 15601

Re: financial adviser told me not to invest too much in 401k

I met with a financial adviser today and told her i was putting 20% of my paycheck into 401k. She told that was bad advice because I would be taxed at a very high percent when i'm 65. I told her that there was no way for her to predict tax rates 30 years from now but she says that historically taxe...
by inbox788
Thu Jul 02, 2015 6:52 pm
Forum: Investing - Theory, News & General
Topic: Are REITs necessary in a portfolio? Why?
Replies: 119
Views: 25466

Re: Are REITs necessary in a portfolio? Why?

I'm not sold on the need for additional REITs and don't hold them. As others have said, REITs are already in the TSM index fund, so already represented. Also, if you're a homeowner, your home is a real estate investment which is a substantial part of your portfolio, and any additional investment pro...
by inbox788
Thu Jul 02, 2015 6:32 pm
Forum: Personal Consumer Issues
Topic: Buying a new desktop computer
Replies: 42
Views: 5903

Re: Buying a new desktop computer

What's the best way to buy a new, basic desktop computer. I don't have exotic needs....web surfing, document prep, paying bills. I've had success in the past of buying a Dell online. Of course, am looking for a good deal. :happy Thanks Do you have a cell phone or tablet? I do lots of web surfing on...
by inbox788
Thu Jul 02, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance "birthday rule"
Replies: 35
Views: 7579

Re: Health insurance "birthday rule"

What am I missing? We have no need to have dual coverage, once mine is cancelled, our family will only be covered by her insurance because it is better and free. Why was she trying to convince us not to cancel my coverage? I'm becoming more cynical in my old age. The HR representative doesn't work ...
by inbox788
Thu Jul 02, 2015 12:16 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 227
Views: 40036

Re: Bogleheads 2015 Hedge Fund Contest

Thanks. Did I mention the rationale for this? It was the lowest price stock that was eligible per the terms of the contest. LOL! In some ways, it's actually a rational strategy. A low price stock is probably low price because it's under performing, so shorting it is an extension of a momentum play....
by inbox788
Thu Jul 02, 2015 11:09 am
Forum: Personal Consumer Issues
Topic: Car Dealerships - is this bad service?
Replies: 21
Views: 3336

Re: Car Dealerships - is this bad service?

Yes, it's bad service, but what are you going to do about it? In the old days, any mechanic could work on a car, so if you're unhappy with your dealer (maybe the only one in town), you can take your car to an independent mechanic. Today, warranty repair, software upgrades, and other specific work th...
by inbox788
Wed Jul 01, 2015 11:21 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 227
Views: 40036

Re: Bogleheads 2015 Hedge Fund Contest

1) I think it didn't update the Splits: Jul 1, 2015 [1:8] ZGNX 1.40 13.96 +897.1 https://ca.finance.yahoo.com/q/bc?s=ZGNX 2) Good call on a for profit education meltdown. Others including Apollo (University of Phoenix) would have been a decent shorts as well. Best short would have been Corinthian (C...
by inbox788
Wed Jul 01, 2015 3:04 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 157
Views: 34805

Re: When saving money becomes an irrational obsession

to each his own.. it doesn't make sense to me to have millions of dollars in investments, but drive an old camry or a fit. But it makes sense to some.. can't figure that out The Fit is pretty sweet though. If I had millions of dollars I would probably trade in my old one for a new one. I would real...
by inbox788
Wed Jul 01, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 61
Views: 8826

Re: Not a "Lost Decade" for The Three Fund Portfolio

I'd hate to imagine the conditions where the market won't go up in the long term and the resulting consequences. We've already just experienced a lost decade. inbox 788: These are the 10-year dollar and (annualized returns) for $10,000 invested in each of the three index funds in The Three Fund Por...
by inbox788
Wed Jul 01, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Obsessing towards zero balance on credit card.
Replies: 158
Views: 19206

Re: Obsessing towards zero balance on credit card.

If you're uncomfortable being on the "hook" for a credit card balance you can pretty much eliminate that issue and still collect your reward points for purchases why not just carry a credit balance on the account? Figure out what your likely maximum use is per month and send in a payment. You can t...
by inbox788
Tue Jun 30, 2015 6:38 pm
Forum: Investing - Theory, News & General
Topic: Emergency Portfolio with 30% Stocks
Replies: 53
Views: 7433

Re: Emergency Portfolio with 30% Stocks

IMO, stocks and emergency fund shouldn't be mixed. There is huge variation of recommendations here, largely because the emergency fund idea has been taken to extremes. A simple 3-6 months of basic expenses (food, rent/mortgage, utilities) is sufficient to get over a personal emergency (broken major ...
by inbox788
Tue Jun 30, 2015 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: How do you Lazy portfolio funders deal with dips in the market?
Replies: 61
Views: 8826

Re: How do you Lazy portfolio funders deal with dips in the market?

OTOH, if the market doesn't go up over the long term, then we are all screwed anyways. I'd hate to imagine the conditions where the market won't go up in the long term and the resulting consequences. We've already just experienced a lost decade. FWIW, I bought some international and us index funds ...
by inbox788
Tue Jun 30, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: "imputed interest on family loans" ?
Replies: 9
Views: 1012

Re: "imputed interest on family loans" ?

You're doing a good deed, and the system looks for ways to punish you. I don't think the intent of these laws is to apply to your situation, but you're caught up with possible abuse cases they are trying to prevent. Is this a personal loan or a business loan? Will you try to write off the loss if it...
by inbox788
Mon Jun 29, 2015 5:21 pm
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 57
Views: 8942

Re: Smart phone data usage

Didn't see Tracfone mentioned yet. They are Verizon MVNO 3G and recently adding 4G/LTE. They're often paired with low end android phones but they have a BYOP that includes iPhones. For less than $10/month, you get 100 voice, 100 text, and 100mb with rollover (that's how I think of their 1200 minute ...
by inbox788
Mon Jun 29, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 32
Views: 5775

Re: Housing Market in Southern California

So today, I went to 6 open house. Prices are in the $800-900s k. Good areas (Pasadena, Sierra Madra, Monrovia, Arcadia). To my surprise: 3 houses: nobody was there 3 houses: only a couple of people were there Did you have a similar experience? I haven't seen data to back this up, but I wonder if op...
by inbox788
Thu Jun 18, 2015 6:47 pm
Forum: Investing - Theory, News & General
Topic: Betterment Review
Replies: 113
Views: 26506

Re: Betterment Review

Is this a taxable account? I am not crazy about having a computer rebalance my portfolio but I am, just keeping a small portion there for now and will see how it goes over the next year. A question - does betterment let you choose your portfolio, and then they will rebalance to your choices? I'd be ...
by inbox788
Thu Jun 11, 2015 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refi - Releasing the cosigner
Replies: 11
Views: 1393

Re: Student Loan Refi - Releasing the cosigner

Co-signers are great...for the lender. When a borrower stops making payments, interest racks up, late fees rack up, collection fees rack up, legal fees rack up, and after a while, sometimes a long while, get in contact with the deep pocket co-signer and collect all the bonuses.
by inbox788
Wed Jun 10, 2015 12:33 pm
Forum: Personal Consumer Issues
Topic: Rent a bike in SF, ride to LA, and drop it off?
Replies: 24
Views: 4005

Re: Rent a bike in SF, ride to LA, and drop it off?

Why start in SF and drop off in LA? Why not go the other way? You could price it differently to get the supply/demand in balance like one way rental cars. For example, $200 rental charge either way, but $200 drop off in LA (to return bike to SF), or no drop-off fee if going to SF. Heck, even give a ...
by inbox788
Sat May 23, 2015 2:37 am
Forum: Investing - Help with Personal Investments
Topic: 529 before conceiving a child?
Replies: 12
Views: 1914

Re: 529 before conceiving a child?

Focus your savings on maximizing your retirement plans, paying off debt, paying a big down payment on a house. Good suggestions whether there is a child or not. Secure your future first before worrying about next generation. Like they say, you can always borrow for college, but it's hard to borrow ...
by inbox788
Fri May 22, 2015 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 6824

Re: Not able to max out all the retirement accounts

Our household income is between 110K to 120K a year. We need 5K a month for all expenses for family of 4. Not with all these deductions: taxes, health insurance, disability insurance, pension, life insurance. I am also in school and we have to pay for books and tuition. We need: 36K for 401Ks, 18K ...
by inbox788
Fri May 22, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 6824

Re: Not able to max out all the retirement accounts

I read that net worth progression thread....I was noticing some had approx $300K/year over year gains on a $1M portfolio and thinking - wow! what kind of index funds are earning close to 30% a year? ;) Actually, just about everyone was in 2013! And up another 20% in 2014. Good time to be in the mar...
by inbox788
Thu May 21, 2015 1:33 pm
Forum: Personal Consumer Issues
Topic: Neighbor hired a surveyor. Should I be nervous?
Replies: 81
Views: 27407

Re: Neighbor hired a surveyor. Should I be nervous?

Please tell me where I said it wasn't my fault. My landscaper and I accepted fault and put it back the way it was. I said he was being unreasonable about the whole thing based on what was common in the neighborhood. Now we are only 1 of two houses out of 40 that don't have connecting beds around th...
by inbox788
Thu May 21, 2015 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lending a car to a niece for a few months - how to arrange insurance
Replies: 10
Views: 1518

Re: Lending a car to a niece for a few months - how to arrange insurance

I didn't see this suggestion or missed it, but why doesn't she just get insurance? Maybe your insurance company may add her to your policy or she can insure in her state with a different company. If need be, sign a contract with your niece for the use of the car. http://www.carinsurancecomparison.co...
by inbox788
Wed May 20, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 80
Views: 18963

Re: Lexus vs. MB vs. BMW

I'm looking for a compact SUV, and thus far I've got it down to the RX 350 vs. the M-class vs. the X5. I think "Luxury Midsize SUVs" is a better description. http://usnews.rankingsandreviews.com/cars-trucks/rankings/Luxury-Midsize-SUVs/ Have considered all of them and pretty much eliminated all of ...
by inbox788
Tue May 19, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 8348

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

Yes, diversify! What is your tax bracket? Will you be in a lower tax bracket in the future? You're going to pay taxes either now or later, so the tax is likely to be a wash. Assuming you're 50% in company stock and 50% diversified, if you do nothing, in 3 years, what percentages be? In a worse case ...
by inbox788
Mon May 18, 2015 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Any ContraFund Fans Here?
Replies: 7
Views: 1139

Re: Any ContraFund Fans Here?

I was where you were about 3 years ago, having held Contrafund and Fidelity OTC for over a decade and both have done fairly well, but the higher fees bothered me. It took me a year to decide to move away, and then it was easier to slowly shift about a quarter of my Contrafund holdings at a time. I'm...
by inbox788
Sun May 17, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans- Consolidate or Not?
Replies: 6
Views: 981

Re: Student Loans- Consolidate or Not?

Hey Everyone, Just want everyone's advice. My loans from college and medical school are coming due next month. Between the eight years of higher education and the crazy loan buying/selling market, I now have twelve separate loans with four service providers(started with one service provider). The l...