Search found 8118 matches

by inbox788
Tue Apr 20, 2021 3:46 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 144
Views: 10546

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

$59K tuition and fees at Connecticut College vs $54K at Harvard and $18K at UConn. If you hadn't mentioned it, I would totally have not noticed and ignored an advertisement for "8 of the best colleges" that includes Connecticut College. Notice it's the same number as the ivies. https://8o...
by inbox788
Tue Apr 20, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6350

Re: What Does College Tuition Really Cost?

In addition to what you say, parts of higher ed have become a Veblen good. Private small liberal arts colleges (and some small universities) figured out about twenty-thirty years ago that if they bumped up their sticker price a lot, parents would perceive them to be a higher quality school , and th...
by inbox788
Mon Apr 19, 2021 5:14 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 144
Views: 10546

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

$59K tuition and fees at Connecticut College vs $54K at Harvard and $18K at UConn. Median Starting Salary of Alumni: $51K vs $69K at Harvard and $59K at UConn. 4 year graduation rate is a little higher at Connecticut than UConn (80% vs 73%) but the 6 year graduation rate is both 84%. Harvard pricin...
by inbox788
Mon Apr 19, 2021 12:27 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 144
Views: 10546

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

Whatever you do, don't pay 50K/year for a private college that nobody knows about. Community college and your own in-state college are your best options for majority of students. Unless you have a superstar/high achiever, paying 70K/year is a big waste of money. And forget about for-profit colleges...
by inbox788
Mon Apr 19, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 65
Views: 5013

Re: Selling old car - CarMax etc.

I sold my 2004 CR-V with 185,000 miles on it to CarMax for $1,800 and I highly doubt the were going to sell it on their lot. I got the impression that they are very much dedicated to meeting their on-line offer. When I took the car in, as soon as they heard I had an on-line offer, the whole process...
by inbox788
Mon Apr 19, 2021 3:20 am
Forum: Personal Finance (Not Investing)
Topic: Do I still need life insurance?
Replies: 20
Views: 1907

Re: Do I still need life insurance?

... since you already have the insurance, I’d just keep it as a bridge for her until she is 59 1/2 at least and can access the retirement accounts without penalty. OP, how long term? How many years left? And at what cost for how much coverage? The last few years of a term policy have the best value...
by inbox788
Sun Apr 18, 2021 7:11 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2854

Re: Temp change in remote location - tell employer?

Don't ask. Don't tell. Employers don't care if you're moving in with your boyfriend or girlfriend, and whether you're vising for a week or month or longer, or that you broke up and are starting another relationship. But what they do care about is complying with the state and international employment...
by inbox788
Sun Apr 18, 2021 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do I still need life insurance?
Replies: 20
Views: 1907

Re: Do I still need life insurance?

No. Less so if you own a home and it's paid off. The amounts in the retirement accounts should be more than enough. She can withdraw the Roth contributions or borrow from the retirement accounts. But the chance of everything going wrong are remote.
by inbox788
Sat Apr 17, 2021 8:08 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5070

Re: 10+ year old used cars?

I've been shopping around for a reliable car for occasional use and might drive about 5000 miles total in the next 3 years. There's an 18 year old Accord V6 with 100k miles and a 10 year old Accord 4 cylinder with 260k for around $5k and both look to be in good running condition. Which is a better c...
by inbox788
Sat Apr 17, 2021 12:43 pm
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 65
Views: 5013

Re: Selling old car - CarMax etc.

sunny_socal wrote: Sat Apr 17, 2021 6:23 amYou have a $2000 car? There should be a long line of Bogleheads ready to wring out another 10 years from that vehicle :wink:
Count me in, but if he's in a state without Carmax, it's not near me. OP, are you near North Dakoda? https://www.carmax.com/stores
by inbox788
Fri Apr 16, 2021 6:43 pm
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 65
Views: 5013

Re: Selling old car - CarMax etc.

Also sold an old car to CarMax. I thought they made a terrible offer of $9k (!!) for a used 2007 Suzuki SX4 (this was in 2014). Suzuki had just announced they were going to stop selling cars in the US and apparently CarMax's pricing model was based on the latest auction results. Maybe supply was li...
by inbox788
Fri Apr 16, 2021 5:42 pm
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 65
Views: 5013

Re: Selling old car - CarMax etc.

What does kbb say? They provide trade-in, private party and retail estimates that are pretty good. The retail often match up to the Carmax/Caravana asking. The $200 is go away money. They don't want your car. They'd probably have to pay $1000 to transport it, and it's far too old for them to sell it...
by inbox788
Fri Apr 16, 2021 12:17 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

What manufacturer and lender are your leases? Have leased from Honda, Infiniti and BMW. Almost always have used the manufacturer's finance company, except for the very first lease, which was from an independent lender. As you alluded to, that was a mistake for many reasons. The car was a BMW which ...
by inbox788
Fri Apr 16, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

All other things being equal, the lease acquisition fees, lease disposal fees or lease payoff fees are all extra and a discouragement to leasing. I have leased many vehicles and have rarely had to pay the lease disposal fee. One time I did buy a car out at the end of the lease, and in that case, th...
by inbox788
Thu Apr 15, 2021 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Nobody would recommend such an approach One would diversify If your going to say that then there is also a chance the insurance company goes under and that’s way above the state safety net programs Besides you already seem to know the odds are high that investing performs superior WL is a bad sugge...
by inbox788
Thu Apr 15, 2021 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

The tax free is not that meaningful Taxable also gets a step up in basis Neither is free from estate taxes if they apply Not if the taxable has losses! (Sorry kids, said the Enron and Lehman CEOs) And good question about the estate taxes and life insurance, not that it's a common situation. https:/...
by inbox788
Thu Apr 15, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

Maybe they don’t, I was just shocked to see the chart with 100k in 30 years (!!!). Makes the entire product category junk in my eyes”, just buy term life insurance while you are pre-FI (to the point of your “number”), have dependents and be done with it IMO. It took me a long time to understand thi...
by inbox788
Thu Apr 15, 2021 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1899

Re: Do tax preparer add value for 7 figure W2 income

edit - without deferral arrangements, avoiding taxes on W2 income is difficult. My wife was in the investment business for a number of years and they were able to defer large portions of their compensation. I don't recall how they did it but she was a partner so it wasn't all W2 income. I was prett...
by inbox788
Thu Apr 15, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax preparer add value for 7 figure W2 income
Replies: 32
Views: 1899

Re: Do tax preparer add value for 7 figure W2 income

Most of my income is W2 with some RSUs, 1099-DIV. I don't have any business income or any rental income. Last few years I have been using online tax prep software. This year also I entered my info into online software and my total tax liability is several hundred thousands (similar numbers as last ...
by inbox788
Thu Apr 15, 2021 12:01 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

H-Town wrote: Thu Apr 15, 2021 11:55 aminterest over the life of the loan?
The current low interest rate environment (low and subsidized MF) is masking this effect. Enjoy it while it lasts.
by inbox788
Thu Apr 15, 2021 11:52 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

What you can “count on” at the end of a lease is one of these two scenarios: 1. The manufacturer underestimated the depreciation, and you ended up paying for only a portion of the car’s value that you “consumed”. You end up better off than someone who bought the car and drove it the same amount. 2....
by inbox788
Thu Apr 15, 2021 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of dropping State Farm 10 Pay Life Insurance
Replies: 34
Views: 1984

Re: Thinking of dropping State Farm 10 Pay Life Insurance

It's few years old, 30 months to be exact. I just asked the company and they said it's something I am given when I signed up. They were curious what I was looking for. I cannot find it if it was given to me by agent. That’s a most unhelpful response from the insurance company. I’m not impressed. Ho...
by inbox788
Wed Apr 14, 2021 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7206

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

Check was for $32k. Thanks for sharing. That's an average amount between Carmax average and recent new car averages, so it's not an unusually low or high amount meaning it might not be all that unusual alternative to credit check. I noticed another posting about getting a verbal from the bank that ...
by inbox788
Wed Apr 14, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7206

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

They said that the only way to avoid a hard-pull on my credit was to not take the car until the check cleared. To prevent fraudulent check, identity theft or if the check bounced, at least they know you have good credit. They need to protect themselves as much as you do. Many years ago, I waited fo...
by inbox788
Wed Apr 14, 2021 8:39 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 48
Views: 2487

Re: DIY recessed lighting installation?

When we sold our primary residence 2 years ago, we were asked for the permits for work done 30 years ago. So yeah. And of course you said, "the lighting came with the house". I changed the all the lightbulbs in my house without a permit. So sue me. And I'd do it again! Those were quite ad...
by inbox788
Wed Apr 14, 2021 6:02 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5070

Re: 10+ year old used cars?

The oil leak is annoying but manageable. The transmission leak is a bit scary. I did not see the evidence of a leak until the transmission started slipping. I literally put in two quarts to get it up to the right level. And it was leaking quite a bit onto the ground in the days after as I watched i...
by inbox788
Wed Apr 14, 2021 12:26 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

Mad, no. I get the return distribution based on my risk taken; you get return distribution based on your risk taken. Just understand that the nature of your risk is far beyond what I will take; and history backs my statement that margin calls under that leverage is likely (even to the point where y...
by inbox788
Wed Apr 14, 2021 12:14 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

jarjarM wrote: Tue Apr 13, 2021 5:08 pmSo if late Feb/early Mar happened again, then margin call happens. I'm not sure if kellykline is serious though.
Are you wearing swimming trunks?
https://www.goodreads.com/quotes/109034 ... -tide-goes
by inbox788
Wed Apr 14, 2021 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 117
Views: 8851

Re: Buying a Home in SoCal

Part of your post doesn't make sense. People are coming/going from current employer because of work environment issues on one hand. On the other hand, you can't possible find another job somewhere else? If you truly cannot find another job in the area and you don't really like the current one, and ...
by inbox788
Wed Apr 14, 2021 12:48 am
Forum: Personal Finance (Not Investing)
Topic: I just became a victim of identity theft - What to do now?
Replies: 20
Views: 1772

Re: I just became a victim of identity theft - What to do now?

I asked them what the incorrect information was but they would not tell me. They did not ask me to provide the correct information, but they did ask me for my email address. They said they wanted to email me some information on how to manage identity theft. I didn't give them my email address. This...
by inbox788
Wed Apr 14, 2021 12:01 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 64
Views: 5070

Re: 10+ year old used cars?

The Camry still runs really well, but it has recently started leaking oil, and more concerning, transmission fluid, at a steady rate. We'd like to replace our Camry with another smallish car (probably a Honda Civic, Accord, CRV; Toyota Corolla, Camry, or RAV4; Subaru Imprezza, Forester, Legacy, or ...
by inbox788
Tue Apr 13, 2021 7:58 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 48
Views: 2487

Re: DIY recessed lighting installation?

Which LED lights are you looking at? This type of LED with J-box included. I think some of these even have quick connectors in the J-box. https://www.amazon.com/Ensenior-Ultra-Thin-Can-Killer-Downlight-Brightness/dp/B07QQ46VP3/ Yup, those are the ones I started seeing a few years back. I was amazed...
by inbox788
Tue Apr 13, 2021 5:20 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 48
Views: 2487

Re: DIY recessed lighting installation?

That’s exactly why I thought I could do it. Wiring is pretty straightforward and these LED lights are extremely low power. But maybe there are some special safety guidelines that only the pros know? I personally worked on lots of electronics projects but I’ve never dealt with 120v. Lighting is rela...
by inbox788
Tue Apr 13, 2021 1:07 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

My leverage ratio is 10x right now. :D I told you, new new new bull market, unstoppable! TQQQ. taking some profits off lol, paying off the loan with profits! Wait, what? :shock: What is your margin cushion / initial margin? Must be very close to NLV? Are you including the 3X from the TQQQ and the 4...
by inbox788
Mon Apr 12, 2021 5:21 pm
Forum: Investing - Theory, News & General
Topic: Option Trading Rolling Question
Replies: 35
Views: 1621

Re: Option Trading Rolling Question

newbee1 wrote: Mon Apr 12, 2021 2:06 pmWould you recommend selling WAY OTM CC - less premium, less likely to be assigned and less likely to miss a big rally
What's the fun or profit in that?

How do expect to keep up, let alone top the market return by 5% by giving up the upside?
by inbox788
Mon Apr 12, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Turnkey rentals in another state
Replies: 8
Views: 524

Re: Turnkey rentals in another state

I wouldn't discount the idea completely, but TN is the lowest return right now. You're better off doing it in CO. Seriously, the company is specializing in their profit maximizing niche, and that doesn't preclude other from maximizing their special knowledge. You just have to be sure they're only ta...
by inbox788
Mon Apr 12, 2021 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 3007

Re: Seeking advice - College selection - Premed

Humanities and Physical Science have significantly higher acceptance rates than average. I would use caution interpreting these figures, just like statistical significance doesn't always mean what some people think it does (i.e. practical significance). The actual number of humanities majors applyi...
by inbox788
Mon Apr 12, 2021 12:38 pm
Forum: Investing - Theory, News & General
Topic: CAPE: A much stronger predictor of stock returns than many think
Replies: 578
Views: 39295

Re: CAPE: A much stronger predictor of stock returns than many think

Just looked at the current PE ratios. What is CAPE predicting about future returns? How far into the future and what direction? The red line on the 1989-2010 scatterplot looks about negative 2% when CAPE is 37, correct? Current S&P 500 PE Ratio: 42.00 -0.04 (-0.09%) 1:29 PM EDT, Mon Apr 12 https...
by inbox788
Mon Apr 12, 2021 12:03 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

There is also one catch in it - if you try and maximize the loans with negative interest rates: You will pay interest rate to IB for any cash balance > 100k EUR (or any currency with negative interest rates) - the going rate at the moment is 0.885 % LOL! Pay the bank to trust them with my money and...
by inbox788
Mon Apr 12, 2021 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 3007

Re: Seeking advice - College selection - Premed

She is leaning towards Finance as a minor. This seems more unusual than even the more unusual majors. Is there a common thread or is is completely peripheral? Maybe she has a future as a CFO for a medical group. https://www.bogleheads.org/forum/viewtopic.php?p=5938910#p5938910 BTW, are there school...
by inbox788
Sun Apr 11, 2021 4:03 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

https://youtu.be/k60stdDRk6s A lot of the examples would have been avoided or weren't accidents at all, like the truck that veered to the right and returned to the lane was mostly just a warning, but this one right before the 3 minute mark really saved the driver! Note what happened to the white se...
by inbox788
Sun Apr 11, 2021 3:22 pm
Forum: Personal Investments
Topic: Deciding it it's worth it to buy long-term individual stocks
Replies: 57
Views: 5406

Re: Deciding it it's worth it to buy long-term individual stocks

Trying to answer this question is turning out to be a lot more work than I thought, but I finally found an online tool to help a little more. What were the top 10 performing SP500 stocks in the last 5 years ? Other than AMD, NVDA and TSLA, any ideas? Sure, I could look up each of the 500 stocks usin...
by inbox788
Sun Apr 11, 2021 1:53 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

I mean, these short box spreads do not enable you to buy more equities (rather the opposite in my case), they just make the margin loan less expensive (or in my case quite attractive 8-) ). Too attractive. It does seem too good to be true. What's the harm? Why not invest as usual, but take out thes...
by inbox788
Sun Apr 11, 2021 12:21 pm
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

You mean lever up in stocks, or levering up that free cash for every credit? I assume the latter: The problem with it is that it is prevented by the initial margin, going up by about 20-25% of your credit sum. I tried it with SPX, there the effect on initial margin is barely noticeable. It seems li...
by inbox788
Sun Apr 11, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7042

Re: Theory: The Only Four Situations Justifying Debt

There are only 3 debt situations. 1) Situations when you should not take out a loan 2) Situations when you should take out a loan 3) Situations when it doesn't matter if you take out a loan or not There Are Two Kinds of People In The World: Those Who Think There Are Two Kinds of People In The World ...
by inbox788
Sun Apr 11, 2021 3:51 am
Forum: Investing - Theory, News & General
Topic: Box Spreads as Loans - Interactive Brokers IBKR - 2021
Replies: 129
Views: 7391

Re: Box Spreads as Loans - Interactive Brokers IBKR - 2021

do you have portfolio margin? this is useless without portfolio margin. Yes, I have PM (it is standard for European IB accounts, without the 100k requirement) - though I figured out that the size of the box has barely any effect on the initial margin change. I first bought a box with 3700-2400 legs...
by inbox788
Sat Apr 10, 2021 11:59 pm
Forum: Personal Investments
Topic: Deciding it it's worth it to buy long-term individual stocks
Replies: 57
Views: 5406

Re: Deciding it it's worth it to buy long-term individual stocks

4. if the motley fool's are so good at picking stocks then how come their mutual funds aren't so hot? Sorry if my attempt at humor fell flat. Although there may be one, I don't see the connection between the Motley Fool Advisory Company ( https://www.fool.com/ ) and the Asset Management that runs F...
by inbox788
Sat Apr 10, 2021 11:53 pm
Forum: Personal Consumer Issues
Topic: Best Cell Carrier to Use in the US Temporary?
Replies: 14
Views: 895

Re: Best Cell Carrier to Use in the US Temporary?

I still don’t get the price to beat. I traveled to Europe a few years ago and got a card for use there, but was able to activate and use in US before the trip. After little use in Europe for a week, I was able to use it the rest of the 30 days in the US. It was a UK based plan, but good at all Europ...
by inbox788
Sat Apr 10, 2021 4:10 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21089

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

First, the "wholesale GPU" in that document is given as (-)$111 for 2015 and (+)$97 for 2016. It seems highly unlikely that Carvana sold cars in 2015 to individuals for on average less than they paid for them. "we lose money on every sale, but make it up in volume" While by some...
by inbox788
Sat Apr 10, 2021 1:17 pm
Forum: Personal Investments
Topic: Deciding it it's worth it to buy long-term individual stocks
Replies: 57
Views: 5406

Re: Deciding it it's worth it to buy long-term individual stocks

4. if the motley fool's are so good at picking stocks then how come their mutual funds aren't so hot? Sorry if my attempt at humor fell flat. Although there may be one, I don't see the connection between the Motley Fool Advisory Company ( https://www.fool.com/ ) and the Asset Management that runs F...