Search found 2006 matches

by Jags4186
Wed May 09, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

I think sometimes people who have truly don’t understand the dilemma of the have nots. Personally, if I were the OP I would not waste a second with this until my 4 walls were set and stable. One of the problems of the have nots is that if they do get ahead this type of problem comes out of the wood...
by Jags4186
Wed May 09, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

I think sometimes people who have truly don’t understand the dilemma of the have nots.

Personally, if I were the OP I would not waste a second with this until my 4 walls were set and stable.
by Jags4186
Wed May 09, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

No job, $100 in the bank? I'd simply tell them the situation, you can't pay, you have no ability to pay, and they can send it to collections. I would even tell them if you get the ability to pay you'll reach back out to them but for now there is no money to give them. I think this is the most logic...
by Jags4186
Tue May 08, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: AAPL - Great Investment or Value Trap
Replies: 62
Views: 7967

Re: AAPL - Great Investment or Value Trap

Warren Buffett just bought 75 million shares of Apple last week. Does anyone know what Price he paid and who sold him the shares? I am guessing he didn't pay market value. This should be public information readily available but I didn't see any news article mention this. Just wondering the mechanic...
by Jags4186
Tue May 08, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: AAPL - Great Investment or Value Trap
Replies: 62
Views: 7967

Re: AAPL - Great Investment or Value Trap

I’ve got about 3% of my portfolio in this individual stock, with an average purchase price of $95 a share a couple years ago. So I’ve done well with it. Apple has tons of cash, so I see it continuing to increase its dividends. iPhones are lasting longer and longer and people no longer buy the new o...
by Jags4186
Tue May 08, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

I am (or have been) in the consumer (not real estate) lending field. It is the norm that, at some point in a loan being past due, these accounts are sent to a collection agency - such accounts almost never have any court of legal action taken. it is very, very easy for such lenders to send accounts...
by Jags4186
Tue May 08, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Amount to spend on a new house [UK]
Replies: 9
Views: 711

Re: Amount to spend on a new house

Need more information: What is the pension and what are her expenses? Why the jump from $500k to $1.3 million? Is it simply moving from London suburbs to London proper? Or is it from a house to a much bigger/nicer house? Elderly people don't need giant homes to take care of. I wouldn't put all of my...
by Jags4186
Tue May 08, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

Let's turn it around: if someone with insufficient coverage causes $10,000 damage to your car and their insurance will only pay $8,000, who should pay the rest? You? You're insurance? Your insurance company should pay provided you carry uninsured/underinsured motorist coverage. What your insurance ...
by Jags4186
Tue May 08, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: [Car accident claim exceeds coverage, send to collection agency?]
Replies: 67
Views: 4894

Re: [Car accident claim exceeds coverage, send to collection agency?]

No job, $100 in the bank? I'd simply tell them the situation, you can't pay, you have no ability to pay, and they can send it to collections. I would even tell them if you get the ability to pay you'll reach back out to them but for now there is no money to give them.
by Jags4186
Mon May 07, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5020

Re: Home Theater Stereo/Speakers

I guess I really don't care as much about the sound as others do. When I go to the movies I generally find it too loud and the loud parts really too loud. When I watch TV shows or movies at home I just want to be able to hear what people are saying without having to turn the volume way down when the...
by Jags4186
Mon May 07, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Small Cap Blend vs Small Cap Value
Replies: 12
Views: 1209

Re: Small Cap Blend vs Small Cap Value

Small cap blend historically outperforms large cap blend, small cap value historically outperforms small cap blend. Vanguards small cap blend and value funds are both not very small. Closer to midcap funds. Midcaps have also historically outperformed large cap blend... All this to say, if you want t...
by Jags4186
Mon May 07, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1263

Re: Which brokerage has the lowest ER on SP500 index fund?

Once the expense ratio is in a sub-0.05% range, then other factors are more important, aren't they? Would you rather have a 0.03% e.r. and 9.97% average annual performance over the next 10 years or 0.05% e.r. and a 10.0% average annual performance over the next 10 years? I'm not sure I understand y...
by Jags4186
Mon May 07, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Need Help!. Best way to start saving for Home Downpayment?
Replies: 26
Views: 3880

Re: Need Help!. Best way to start saving for Home Downpayment?

Hello Bogleheads, this is my second post in the forum. My goal with this thread is to understand and get ideas about how one can start saving (and invest) for home loan downpayment with taking risk into consideration. I had posted about my savings and portfolio related questions in a separate threa...
by Jags4186
Mon May 07, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 5942

Re: When to buy new underwear?

Whenever the underpants gnomes whittle my underwear stash down to a level where I am running out of underwear before running out of clean cloths.
by Jags4186
Sun May 06, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is McClung "slice and dice" worth the complication?
Replies: 40
Views: 2754

Re: Is McClung "slice and dice" worth the complication?

Search on the forum for TrevH’s Ultimate Buy and Hold. You can reduce all of those funds down to 4 and get essentially the same performance: 25% US Large Cap Blend 25% US Small Cap Value 25% INTL Large Cap Value 25% INTL Small Cap Blend I think Trev H’s 4 fund simplification of the Merriman UB&H is...
by Jags4186
Sun May 06, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Getting annual fee back when cancellig credit card?
Replies: 8
Views: 479

Re: Getting annual fee back when cancellig credit card?

You should look at the T&C of the card you signed up for. Not all companies prorate.
by Jags4186
Sun May 06, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!
Replies: 92
Views: 8256

Re: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!

I believe in doing what’s best for me and my wife. I’m not overly complicating my life to spare my heirs from a tricky tax return on free money.
by Jags4186
Sat May 05, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment on home
Replies: 5
Views: 477

Re: Down payment on home

Put enough down so you’re not worried about monthly cash flow.
by Jags4186
Fri May 04, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 67
Views: 9002

Re: Unprecedented Event

Prolonged Deflation: Great depression Hyperinflation: So far we've avoided. Possible, yes, likely no--the USD is too important to the world for it to happen IMO War: 2 world wars and the civil war and countless other skirmishes--we're still kicking around. We are a nation that in any of our lifetime...
by Jags4186
Fri May 04, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3583

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

Agree with the above. Decide what the appropriate asset allocation is for your situation and lump sum in. If you're worried about a "crash" then your asset allocation is too aggressive. I tend to wonder how many people who say they're going DCA in mechanically over 2 years actually do so. I bet a fa...
by Jags4186
Fri May 04, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Shorting - Can Someone Explain
Replies: 32
Views: 2179

Re: Shorting - Can Someone Explain

A safer way of betting a stock is going to drop is to buy put options. They will cost more money upfront but your loss is limited to the option premium. With short selling you could be completely wiped out if a stock spikes.
by Jags4186
Fri May 04, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: What Happens When A Car Dealer Goofs?
Replies: 12
Views: 2350

Re: What Happens When A Car Dealer Goofs?

I am always a little suspicious of people who say “I have excellent credit, great income, and now the dealer is giving me the run around.” I have excellent credit, good enough income, and no dealer has ever given me the run around. Not saying it can’t happen, but usually there is a piece of informat...
by Jags4186
Thu May 03, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

1) A hypothetical Manhattan resident making $100k has an upper middle class income--period . Certainly they aren't rich though (see below). Perhaps in their zip code they are not in that top 25% in income, but their zip code amounts to about 10 city blocks. They've simply chosen to spend most of th...
by Jags4186
Thu May 03, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Receiving house after parents pass away - legal issues with siblings?
Replies: 35
Views: 3389

Re: Receiving house after parents pass away - legal issues with siblings?

You should arrange to have the house titled in joint tenancy with rights (sic) [sic] of survivorship. If they pass the house will pass directly to you and be separate from probate. ...and why would he want this? Say that when he inherits it the house is worth less than the mortgage, "underwater" as...
by Jags4186
Thu May 03, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Receiving house after parents pass away - legal issues with siblings?
Replies: 35
Views: 3389

Re: Receiving house after parents pass away - legal issues with siblings?

You should arrange to have the house titled in joint tenancy with rights of survivorship. If they pass the house will pass directly to you and be separate from probate.
by Jags4186
Thu May 03, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2185

Re: Buying a house and High tax state.. Does it make sense anymore??

If you have a below market rent for a place you like then I see no reason to change your situation unless you want and can afford to buy. Owning is as much as a lifestyle decision as it is a monetary decision. Be wary of buying houses that seem to have low taxes for a neighborhood. Many times a hous...
by Jags4186
Thu May 03, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

Yeah, yyou've got to be rich in order to max out retirement accounts. I mean, I'd love for someone to show me how my wife and I can max my 401k and one Roth IRA, let alone two, on my income of $63,500. And that hypothetical person isn't saving $9k per year - they're saving $18.5 in their 401k, $5.5...
by Jags4186
Thu May 03, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

I hope you've accounted for inflation in that $600,000 number. In 18 years $600,000 will feel more like $350,000. Jags4186, That statement is not necessarily true. A) Official inflation rate does not equal to an individual annual expense increases. For example, my annual expense stays about the sam...
by Jags4186
Thu May 03, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: advice about mortgage options
Replies: 14
Views: 775

Re: advice about mortgage options

We were in a similar dilemma and decided on a 30 year. At the time it was a choice between 30 year 4.25% and 15 year 3.75%. What it came down to was that after 15 years, if we saved the difference in payment every month and made a 6.6% nominal return, we would be able to sell everything, pay LTCG ta...
by Jags4186
Thu May 03, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

I hope you've accounted for inflation in that $600,000 number. In 18 years $600,000 will feel more like $350,000.
by Jags4186
Thu May 03, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Not Wasting Food
Replies: 60
Views: 3510

Re: Not Wasting Food

I work in the food industry. You'd be shocked how much product is thrown out. Where I work now for example, we keep retained samples of every single item we make through it's entire shelf life. We have 100s of pallets of perfectly good food that sits in racks for a year in case a customer complaint ...
by Jags4186
Thu May 03, 2018 7:52 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

1) A hypothetical Manhattan resident making $100k has an upper middle class income--period. Certainly they aren't rich though (see below). Perhaps in their zip code they are not in that top 25% in income, but their zip code amounts to about 10 city blocks. They've simply chosen to spend most of ther...
by Jags4186
Wed May 02, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 2897

Re: Chase $300 bonus for a new saving account

I've done Chase 6 years in a row. This year I got a letter a week after opening the account in branch saying they were closing the accounts and sending me my money back. I fortunately had already ACH pushed to the account and when they returned my money it included the $300 checking bonus. Ugh. Hat...
by Jags4186
Wed May 02, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1388

Re: Buying MM fund right before distribution day!

I'm trying to decide if OP is joking, or if the responders are kidding, or all of the above. What is funny in my post? as someone else mentioned, I bonds provide this opportunity, buying last day of the month and you get the full month interest. I am trying to figure out if MM fund can be used the ...
by Jags4186
Wed May 02, 2018 6:08 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

... Rule #1 Save 1 year of your current annual expense every year. Then, you could be FI in about 25 years even with 0% real growth. ... This is why Mustachian folks laugh at over-conservatism of Bogleheads folks. Note: not having job security is not the same thing as not having any human capital. ...
by Jags4186
Tue May 01, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 2897

Re: Chase $300 bonus for a new saving account

I've done Chase 6 years in a row. This year I got a letter a week after opening the account in branch saying they were closing the accounts and sending me my money back. I fortunately had already ACH pushed to the account and when they returned my money it included the $300 checking bonus.
by Jags4186
Tue May 01, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Home down payment fund
Replies: 5
Views: 503

Re: Home down payment fund

Likely the california municipal bond fund. You need to look at your marginal tax rate and go from there. For example: Pretend you are in 24% federal tax bracket and an 8% California bracket In the Prime MM Fund you would get 1.84% interest * (1 - .32) = 1.25% return after tax In the Municipal MM fun...
by Jags4186
Tue May 01, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

KF,

Let me ask this question then:

What is your rule for “necessary” living expenses vs discretionary? If you’re living on $75k a year and all of a sudden have a decrease in income so that you can only live on $60k, how do you cut $1k+ a month from your expenses so easily?
by Jags4186
Tue May 01, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

KF, When did you develop these rules and how long have you lived by them? Serious question, not a “gotcha”. Jags4186, Which rule? 1) I always save about 1 year of expense every year since I started working. This comes from my culture/country/community. Everyone lives that way. So, this is normal. 2...
by Jags4186
Tue May 01, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 10776

Re: Amazon to raise Prime membership in US to $119 from $99

Amazon recently saved me $11. I was out shopping at the supermarket and 3 items caught me off guard to how expensive they were: Swiffer wipes and this shampoo & conditioner my wife uses. Normally I would just buy them but I thought they seemed very expensive--$8 for 16 Swiffer wipes, $20 each for th...
by Jags4186
Mon Apr 30, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30853

Re: KF's simple rules to achieve FI [Financial Independence]

It's foolish (not Klangfoolish) to not have a plan for someone that is past prime and/or in a field and/or industry that does not have good job stability. I have known waaaayy too many engineering close family members, friends, colleagues and engineering management folks that have lost their jobs i...
by Jags4186
Mon Apr 30, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17363

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

I’d love to say that we’re returning the car... but we also really need a car! 😬 so... Can anyone even explain to me WHY someone with great credit would need a co-signer? That almost confuses me more than the fact that they want to go back on the deal... I don't know where you live nor do I know wh...
by Jags4186
Mon Apr 30, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit
Replies: 180
Views: 17363

Re: Signed Car Lease, Dealer calls later asking for a CO-SIGNER despite excellent credit

Say sorry but no can do. Offer to return the car for refund. They won't be able to sell the car as new anymore so they'll take a pretty big hit. They'll likely just let it go.
by Jags4186
Mon Apr 30, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide if I can afford to buy an apartment for parents
Replies: 46
Views: 2218

Re: Help me decide if I can afford to buy an apartment for parents

I would just move them to a nicer apartment and continue to subsidize the rent.

Please read this before doing anything:

http://jlcollinsnh.com/2014/02/20/case- ... s-a-house/
by Jags4186
Mon Apr 30, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 5868

Re: Learning to drive stick

There is a driving school near me that offers a 2 hour lesson for $180. They provide the car. Reviews suggest that at the end of the 2 hours, people feel comfortable enough that they could drive stick now, albeit not perfectly. Would this be a reasonable plan of action? I suppose I could also try t...
by Jags4186
Mon Apr 30, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 5868

Re: Learning to drive a stick [car with manual transmission]

You cannot (without a lot of tinkering) do this with today's stick shift cars, but years ago, you could (and I did) start and drive a stick shift without a working clutch. Scary. With a stick, you can also start the car without the starter working also (maybe not with some kinds of engines). Had a ...
by Jags4186
Sun Apr 29, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Is McClung "slice and dice" worth the complication?
Replies: 40
Views: 2754

Re: Is McClung "slice and dice" worth the complication?

Search on the forum for TrevH’s Ultimate Buy and Hold. You can reduce all of those funds down to 4 and get essentially the same performance:

25% US Large Cap Blend
25% US Small Cap Value
25% INTL Large Cap Value
25% INTL Small Cap Blend
by Jags4186
Sat Apr 28, 2018 12:04 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 10776

Re: Amazon to raise Prime membership in US to $119 from $99

I just maneuvered back onto a $39.99/mo internet package so in total we will now pay $49.99/mo for internet, amazon TV, amazon prime music, and Netflix. I have a deal with my mom—I pay for Amazon she pays for Netflix and we share the passwords. So you're stealing from Amazon and Netflix. No I'm jus...
by Jags4186
Fri Apr 27, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 5868

Re: Learning to drive stick

I learned how to drive a car via driving stick. My wife hated my stick-shift VW. We were so happy to trading it in for a car with automatic transmission. I remember driving on a German Autobahn which ran through several successive hills followed by valleys, and not being able to find a gear until n...
by Jags4186
Fri Apr 27, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Potential risk with Chase URs [Ultimate Rewards]
Replies: 20
Views: 2557

Re: Potential risk with Chase URs

Just think! All we need is another recession and the banks will be throwing miles at us with abandon again!