Search found 100 matches

by Nyarlathotep
Thu Apr 01, 2021 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy and 2021 unemployment income
Replies: 6
Views: 463

Re: ACA subsidy and 2021 unemployment income

I predict this will be widely abused. Like any targeted government subsidy... yes. But the law as written does provide for 100% premium subsidy for anyone receiving any amount of unemployment insurance during 2021, even if only for one week. I would not begrudge anyone taking advantage of the subsi...
by Nyarlathotep
Thu Apr 01, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy and 2021 unemployment income
Replies: 6
Views: 463

ACA subsidy and 2021 unemployment income

I just logged into my healthcare.gov account and updated my income estimates for 2021, including the small amount of unemployment insurance benefits I have been receiving this year (less than $160/week). When I got through the whole process, though, it said I was eligible only for $360/month in prem...
by Nyarlathotep
Wed Feb 24, 2021 12:39 pm
Forum: Personal Investments
Topic: CD or Treasury note? Help me decide
Replies: 12
Views: 1070

Re: CD or Treasury note? Help me decide

Swimmer wrote: Wed Feb 24, 2021 12:22 pmAm I overlooking anything? Other options for cash? I really feel like I need to get it out of MM ASAP.
Why not just put it into something like an Ally 12-month CD paying 0.60%? Why would you want to settle for a T-note or Vanguard CD that have smaller yields?
by Nyarlathotep
Mon Feb 22, 2021 2:59 pm
Forum: Investing - Theory, News & General
Topic: Nate Silver sums up trying to beat the market very well
Replies: 105
Views: 14314

Re: Nate Silver sums up trying to beat the market very well

"It is hard to tell how many investors beat the stock market in the long run, because the data is very noisy, but we know that most cannot relative to their level of risk, since trading produces no net excess return but entails transaction costs, so unless you have inside information, you are ...
by Nyarlathotep
Fri Feb 19, 2021 12:31 pm
Forum: Personal Consumer Issues
Topic: New version of Microsoft Office won't require you to pay for a subscription
Replies: 71
Views: 6459

Re: New version of Microsoft Office won't require you to pay for a subscription

I'm not paying a subscription every year for software and nothing has changed in Office the last few years that makes any difference to me. Absolutely agree. Paying a recurring subscription fee for something like Office—which has several, very capable, free alternatives—feels a bit like throwing mo...
by Nyarlathotep
Thu Feb 18, 2021 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9065

Re: How should I spend all this money?

Employ others. Pay someone else to clean your house, maintain your yard, do your home maintenance. Hire a personal trainer or other fitness instructor. I think of these expenses as part luxury, part time savings, and part supporting others in the community by giving them work. Same with dining out ...
by Nyarlathotep
Thu Feb 04, 2021 1:49 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7711

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

We pay 760.00 a year for 155k home in Tennessee Couldn't be more pleased I pay about $2,500/year for a $350k home here in Georgia (metro Atlanta). It's not my dream home, but it's in a good location, is quite comfortable, and is plenty spacious for me and my partner. I honestly can't imagine that s...
by Nyarlathotep
Thu Feb 04, 2021 1:38 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes
Replies: 61
Views: 7711

Re: Does it make sense to buy houses worth $3M and pay almost $50K each year in property taxes

So financially we can afford a $3m home but physiologically I feel very uncomfortable with roughly $50K property tax each year. Right now I pay $21K as property tax for my current residence. I would not be willing to pay $50k/year in property tax unless I could easily fit that into my ongoing budge...
by Nyarlathotep
Fri Jan 29, 2021 4:25 pm
Forum: Personal Investments
Topic: Fidelity fund recommendations for travel bucket
Replies: 6
Views: 613

Re: Fidelity fund recommendations for travel bucket

What is your timeline for the bucket? Not sure I'd put all of it in one of these if you're looking to go this year. Well, actually we were thinking of using it as an account that would fund all our travel, starting this year, not just for specific trips years into the future. So once we have it set...
by Nyarlathotep
Fri Jan 29, 2021 3:21 pm
Forum: Personal Investments
Topic: Fidelity fund recommendations for travel bucket
Replies: 6
Views: 613

Fidelity fund recommendations for travel bucket

My partner and I are thinking of setting up a new investment account for funding our future travel expenses. We'd be setting it to auto-contribute once a month into a Fidelity fund of some sort. I'm not looking for maximum growth here, just something better than money market rates and fairly stable ...
by Nyarlathotep
Thu Jan 21, 2021 12:53 pm
Forum: Investing - Theory, News & General
Topic: Good buy and hold stock to sell covered calls against.
Replies: 33
Views: 2791

Re: Good buy and hold stock to sell covered calls against.

So here what happens. Let us say that I am at 60/40 and you are 70/30. You write out-of-the-money call options. You earn current income. Yeah!. Stock moves sideways and you collect the premiums. At this point you are outpacing me. Yeah!. Expect that stock returns exhibit "kurtosis", or fa...
by Nyarlathotep
Wed Jan 20, 2021 4:32 pm
Forum: Investing - Theory, News & General
Topic: Good buy and hold stock to sell covered calls against.
Replies: 33
Views: 2791

Re: Good buy and hold stock to sell covered calls against.

I used to work the option desk. If you need to ask I don't think you should. Why are you interested in doing this? Not sure if you wrote this in response to my question about screening for high volume ETF options. But assuming you did, my answer to your question about why I'm interested in doing th...
by Nyarlathotep
Wed Jan 20, 2021 3:12 pm
Forum: Investing - Theory, News & General
Topic: Good buy and hold stock to sell covered calls against.
Replies: 33
Views: 2791

Re: Good buy and hold stock to sell covered calls against.

I don't own REITs, but IYR seems to have decent liquidity for covered call purposes. Slightly OT, but I'm wondering if there is a fairly easy way to screen for ETF options that have good volume/liquidity. The only way I'm aware of is to manually look at the option chains for specific ETFs to see wh...
by Nyarlathotep
Tue Jan 19, 2021 4:36 pm
Forum: Investing - Theory, News & General
Topic: Good buy and hold stock to sell covered calls against.
Replies: 33
Views: 2791

Re: Good buy and hold stock to sell covered calls against.

IMO one is not likely going to gain anything doing this. It's just generating a bunch of turnover/activity (and expenses / tax considerations). The people buying the calls aren't giving money away. People are buying the calls from me regularly. Not sure what this comment means? I agree with you, mo...
by Nyarlathotep
Sun Jan 03, 2021 6:56 pm
Forum: Personal Consumer Issues
Topic: Summer 2021 travel?
Replies: 81
Views: 5386

Re: Summer 2021 travel?

I would be hesitant to book anything abroad this summer. Maybe keep options open for a spontaneous purchase of airfare in the case things are better this spring/summer. ... I'm done worrying about this whole situation. Glad when more are vaccinated and can feel the same relief. +1 Once I'm vaccinat...
by Nyarlathotep
Sun Jan 03, 2021 6:37 pm
Forum: Personal Consumer Issues
Topic: Summer 2021 travel?
Replies: 81
Views: 5386

Re: Summer 2021 travel?

also for all the vaccine talk, just remember this, according to the leading expert Fauci, we need 80% of the country vaccinated to reach "herd immunity", to get that with the vaccine positivity percentage of 90%, we then need at least 90% of the country to get the vaccine I have never hea...
by Nyarlathotep
Sun Jan 03, 2021 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a side hustle?
Replies: 29
Views: 2876

Re: Do you have a side hustle?

I've been enjoying early retirement for the past several years, and my "side hustle" these days is selling put options for a small trickle of monthly income. I only do about 6-7 trades per month, which have been netting me around $900-1,000. Of all the puts I've sold over the past year, on...
by Nyarlathotep
Wed Dec 30, 2020 7:35 pm
Forum: Personal Consumer Issues
Topic: Effective Altruism. Using the fact based approach to selecting charities.
Replies: 142
Views: 5697

Re: Effective Altruism. Using the fact based approach to selecting charities.

Charity starts at home. It does not have to end in the local community. 100% agreed (especially about not ending in the local community). 2) I do not know where you are. But, in my case, the reverse is true. My local community is very diverse with both Americans and a substantial amount of immigran...
by Nyarlathotep
Wed Dec 30, 2020 3:50 pm
Forum: Personal Consumer Issues
Topic: Effective Altruism. Using the fact based approach to selecting charities.
Replies: 142
Views: 5697

Re: Effective Altruism. Using the fact based approach to selecting charities.

I'm always puzzled by the insistence on local. People--rich enough to donate--often don't live near the poor. I agree 100%. Most people have a very strong "local empathy" bias that leads them to be much more charitable towards people similar to themselves whom they can relate to. Nyarlath...
by Nyarlathotep
Wed Dec 30, 2020 3:20 pm
Forum: Personal Consumer Issues
Topic: Effective Altruism. Using the fact based approach to selecting charities.
Replies: 142
Views: 5697

Re: Effective Altruism. Using the fact based approach to selecting charities.

I'm always puzzled by the insistence on local. People--rich enough to donate--often don't live near the poor. I agree 100%. Most people have a very strong "local empathy" bias that leads them to be much more charitable towards people similar to themselves whom they can relate to. This bia...
by Nyarlathotep
Wed Dec 30, 2020 1:32 pm
Forum: Personal Consumer Issues
Topic: Effective Altruism. Using the fact based approach to selecting charities.
Replies: 142
Views: 5697

Re: Effective Altruism. Using the fact based approach to selecting charities.

I'm always puzzled by the insistence on local. People--rich enough to donate--often don't live near the poor. I agree 100%. Most people have a very strong "local empathy" bias that leads them to be much more charitable towards people similar to themselves whom they can relate to. This bia...
by Nyarlathotep
Tue Dec 29, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: Effective Altruism. Using the fact based approach to selecting charities.
Replies: 142
Views: 5697

Re: Effective Altruism. Using the fact based approach to selecting charities.

The question is what is the improvement here versus Guidestar or CharityNavigator? The difference between GiveWell.org and something like CharityNavigator goes like this. CharityNavigator would tell you that a charity near and dear to your heart, such as the Make A Wish Foundation, gets a 72% ratin...
by Nyarlathotep
Mon Dec 28, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: New COVID relief package & extension of PUA
Replies: 1
Views: 194

Re: New COVID relief package & extension of PUA

Well, wouldn't you know that the first article I clicked on after I posted this question actually seems to provide the answer. :oops: The following quote is from a recent article on CNBC.com: The [COVID relief bill] legislation would extend these programs by 11 weeks, to mid-March, allowing individu...
by Nyarlathotep
Mon Dec 28, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: New COVID relief package & extension of PUA
Replies: 1
Views: 194

New COVID relief package & extension of PUA

Every article I've read about the $900 billion COVID relief package just signed into law mentions that unemployment benefits will be extended beyond Dec 31 for people who claim benefits under the PUA program (like freelance workers, sole proprietors, gig workers, etc.). However, what I have not seen...
by Nyarlathotep
Thu Dec 03, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: Who's keeping Netflix now? (price increased to $13.99)
Replies: 200
Views: 14306

Re: Who's keeping Netflix now? (price increased to $13.99)

Every time I start thinking about dumping Netflix, I find a new show that keeps me hooked. They are producing so much good content these days. Those (annoying) price increases, for me at least, are pretty directly correlated to continuous improvements in their content library. I'll keep NF for sure ...
by Nyarlathotep
Fri Nov 13, 2020 2:28 pm
Forum: Personal Investments
Topic: Vanguard Balanced Index Fund for spare $$$
Replies: 20
Views: 2594

Re: Vanguard Balanced Index Fund for spare $$$

One other alternative you might want to consider is the Vanguard Wellesley fund, particularly the "admiral shares" version, if you have access to it. The ticker is VWIAX. It outperformed both VBIAX and a 50/50 mix of VBMFX and VTSAX over a long stretch from 2001 to mid-2020, while having a...
by Nyarlathotep
Tue Nov 10, 2020 1:14 pm
Forum: Personal Consumer Issues
Topic: Finding balance between responsibility and hedonism
Replies: 16
Views: 1536

Re: Finding balance between responsibility and hedonism

I am financially okay. I don’t want to feel destitute with this kind of expense but I also don’t want to feel like I am pinching pennies so much that I can’t have a few things that I really want. I’m not a material buyer but some impulses are strong. I had a strong impulse like this once, in my ear...
by Nyarlathotep
Tue Oct 06, 2020 1:25 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6577
Views: 1452095

Re: What Movie Have You Recently Watched?

Color Out Of Space on Shudder

Decent sci-fi/supernatural horror flick, based on an H.P. Lovecraft short story. One of the better film adaptations of a Lovecraft tale I've seen. Good production values, good acting, definitely worth watching if you're into weird, creepy, sci-fi horror.
by Nyarlathotep
Wed Sep 23, 2020 2:15 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7664

Re: Why buy medical insurance ?

One idea I haven't seen mentioned so far is short-term medical insurance. It isn't ACA compliant, but the premiums are MUCH lower due to various caps and limitations. I purchased this for myself a few years ago when I unexpectedly lost a very good, employer-provided PPO plan. I needed something to ...
by Nyarlathotep
Wed Sep 23, 2020 1:18 pm
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7664

Re: Why buy medical insurance ?

One idea I haven't seen mentioned so far is short-term medical insurance. It isn't ACA compliant, but the premiums are MUCH lower due to various caps and limitations. I purchased this for myself a few years ago when I unexpectedly lost a very good, employer-provided PPO plan. I needed something to b...
by Nyarlathotep
Sun Sep 20, 2020 11:41 am
Forum: Personal Consumer Issues
Topic: Does paying for 1Password Family worth it for a family of 2?
Replies: 46
Views: 3284

Re: Does paying for 1Password Family worth it for a family of 2?

Bitwarden : I really wanted to like it, but the way they do the (sharing) is so poor. Those who use it, know what I mean. Also don't like they don't have designated forms for storing things such as bank account info or SSN's. I can add notices, but not designated forms. But still free, and have a b...
by Nyarlathotep
Sat Sep 19, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: Safest/Best way to sell an Iphone 7
Replies: 26
Views: 1466

Re: Safest/Best way to sell an Iphone 7

How about Swappa? https://swappa.com/sell/mobile/apple-iphone-7-plus

This is what I plan to do when I upgrade (either this year or next) from my iPhone 7 to a newer model.
by Nyarlathotep
Thu Sep 03, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968642

Re: Chase Freedom Unlimited: Questions

I am thinking about getting the Chase Freedom Unlimited credit card for $200 bonus, 5% cash back on grocery year 1, 1.5% cash back on others. Same here, but after looking more closely at the numbers and fine print, not sure it's "good enough" for me. Sure, getting the $200 bonus would be ...
by Nyarlathotep
Wed Sep 02, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 5135
Views: 968642

Re: What's Your Credit Card Rewards Strategy?

FYI, This upcoming offer from Chase looks attractive, especially for the first 12 months of grocery 3% and the cell phone lost or stolen insurance. https://www.cnbc.com/select/chase-freedom-flex-card-no-annual-fee-rewards-sign-up-bonus/ ~Moshe Actually, it's 5% cash back on grocery purchases during...
by Nyarlathotep
Tue Aug 18, 2020 11:38 am
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

Re: How to sell shares in a small, privately held startup

Following. My brother is beginning his own sales company and I am considering investing in his venture for 10-15% of the company. I would advise against it. I've learned the hard way that you rarely get even remotely close to the same ROI from a "friends and family" investment as you do f...
by Nyarlathotep
Tue Aug 18, 2020 11:28 am
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

Re: How to sell shares in a small, privately held startup

Just also want to mention that you should feel incredibly lucky to (i) have not lost your money/investment, (ii) that you might come out ahead, and (iii) that your BIL has probably been working his @ss off to make sure #1 and #2 happened :-) I do feel pretty lucky, actually. I knew perfectly well g...
by Nyarlathotep
Mon Aug 17, 2020 5:10 pm
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

Re: How to sell shares in a small, privately held startup

I would proceed very gently, for lack of a better term. It's a general truth that the guys running the enterprise don't like to be bothered with investors who want out. They're concerned with other things. You brother also has the issue that if he uses some of the next financing proceeds to take yo...
by Nyarlathotep
Mon Aug 17, 2020 4:56 pm
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

Re: How to sell shares in a small, privately held startup

Not sure why you think this would be unanimously favored. There isn't infinite capital out there to be raised and every dollar that goes to you is a dollar that the company doesn't raise for future growth. Hmm, true. I guess I was assuming that other shareholders would prefer not to be diluted as m...
by Nyarlathotep
Mon Aug 17, 2020 3:32 pm
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

Re: How to sell shares in a small, privately held startup

You've touched on the options for disposing of illiquid shares in small closely-held company. Best bet is to negotiate the purchase of your shares by one of the other current shareholders. If the company's prospects going forward are reasonable, you should be able to find a buyer although they will...
by Nyarlathotep
Mon Aug 17, 2020 3:02 pm
Forum: Personal Investments
Topic: How to sell shares in a small, privately held startup
Replies: 30
Views: 1817

How to sell shares in a small, privately held startup

I put some cash into my brother-in-law's startup business about six years ago in return for a small equity stake. The business is still around, has gone through a larger round of seed funding, and both revenues and customers have grown somewhat, but I'm starting to feel like I'd rather just sell my ...
by Nyarlathotep
Wed Aug 12, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Just got ~50 insurance quotes, thought I'd share my results for posterity
Replies: 98
Views: 11123

Re: Just got ~50 insurance quotes, thought I'd share my results for posterity

Why no quotes from GEICO and Progressive? No coverage for one of your specific policy requirements? I'm wondering the same thing. Also, what about Esurance (owned by Allstate, I believe)? I use Progressive for auto and Esurance for homeowner's, and I've found their rates to be the lowest for the pa...
by Nyarlathotep
Tue Aug 11, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Any Tips for "Splitting" Finances in Married Couples?
Replies: 32
Views: 3494

Re: Any Tips for "Splitting" Finances in Married Couples?

I have a much higher net worth than my fiancé, but I'm semi-retired and have only investment income compared to her full-time W2 earnings. We decided that the most manageable, straightforward, and fairest way to split expenses was to set up a joint checking account that pays for the credit card that...
by Nyarlathotep
Mon Aug 10, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why I don't trust S&P 500 index funds (Brett Arends)
Replies: 21
Views: 2222

Re: Why I don't trust S&P 500 index funds (Brett Arends)

If you'd invested in 30 random stocks each year, who knows how much money you would have. I didn't read the article, but wondering what exactly he means by "random". Random as in you bought shares in 30 randomly chosen large-cap(?) companies in 1964? Any 30 companies, so long as they were...
by Nyarlathotep
Mon Aug 10, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1748

Re: Moving truck rental add-ons

$1000 for a 12 ft truck seems high. I use Budget truck rental. It certainly depends on the city and times, but I am seeing only $351 for a drop-offa city 700 miles away. You can also check returning to the same city, or renting from city close to your city or your destination. Wow... $350 would cer...
by Nyarlathotep
Sun Aug 09, 2020 6:03 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1748

Re: Moving truck rental add-ons

Is this the complete liability plus damage waiver or just the damage waiver? Uhaul trucks usually have basic liability insurance and some/most personal insurance excludes trucks of that size. The $200 figure I mentioned earlier is for a basic liability and damage waiver that was quoted by Budget Tr...
by Nyarlathotep
Sun Aug 09, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1748

Re: Moving truck rental add-ons

I don't read the fine print closely enough to feel comfortable declining the extra insurance. How much would a moving truck cost ?? For my move (about 700 miles, 12' truck) the cost for just the truck rental is around $1,000-$1,100. With the insurance protection plus other minor add-ons, taxes, etc...
by Nyarlathotep
Sun Aug 09, 2020 3:46 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1748

Re: Moving truck rental add-ons

Personally, I would not and have not. This was my initial take on it, too, but I'm not completely sure. I've never driven a large moving truck before, so my odds of a mishap are higher than driving a car. However, I've had only 3 accidents in over 35 years of driving, so my track record is excellen...
by Nyarlathotep
Sun Aug 09, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Moving truck rental add-ons
Replies: 26
Views: 1748

Moving truck rental add-ons

If you were renting a moving truck (from UHaul, for example) to move from one city to another, would you pay for the various insurance/protection add-ons? The truck rental companies push these as though you'd be crazy not to get them, since they claim neither credit cards nor your personal auto insu...
by Nyarlathotep
Tue Aug 04, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15853

Re: What happens if you run out of money in retirement?

Assuming you own a home, get a reverse mortgage or sell the house and downsize to a cheaper place. +1 But I'm wondering how one could "run out of money in retirement" without numerous, obvious warning signs well in advance which would give one ample opportunity to course correct. Even if ...
by Nyarlathotep
Tue Aug 04, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Marcus lowers savings APY from 1.05% to 0.8%
Replies: 32
Views: 3224

Re: Marcus lowers savings APY from 1.05% to 0.8%

Ugh. Won't be long before I'll be getting the dreaded "A message about your Online Savings Account" email from Ally. I was hoping around 1% would be the bottom, but that was very wishful thinking I guess. Glad I opened and funded a few no-penalty CDs at 1.9% and 1.5% over the past few mont...