Search found 4680 matches

by denovo
Wed Apr 07, 2021 10:23 pm
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 74
Views: 6736

Re: Invited to join HOA board. Pros/cons?

Just recently, I was invited to join the HOA board. I had put together a presentation of some concerns around our neighborhood, it impressed the board, and they decided that maybe I should join . They apparently had someone recently step down and need to backfill the position. For those folks who h...
by denovo
Wed Apr 07, 2021 9:40 pm
Forum: Personal Investments
Topic: Why not use cash for RE rentals?
Replies: 29
Views: 2440

Re: Why not use cash for RE rentals?

I'm looking for a sanity check on an idea that I might change my AA from 50/50 to 50/25/25 (stock/RE/bond). The reason: diversification. I'm uncomfortable with so much in cash/bonds "doing nothing" but not comfortable increasing equity. I see the RE risk as about midway between stock and ...
by denovo
Wed Apr 07, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2665

Re: Shoe Choice for a Walker

ASICS good
by denovo
Tue Apr 06, 2021 5:30 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3072

Re: Should I replace 2 or 4 tires?

Brand new tire tread depth is 8.5/32. My remaining tread depths are: 1x 3/32 1x 4/32 2x 5/32 Costco has a promo - $150 off 4 tires. Cost of each tire is $230. I plan to replace the 3/32, probably the 4/32 as well. Mathematically, would it make sense to replace the 5/32 tires at the same time? My ve...
by denovo
Fri Apr 02, 2021 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Rental Investment or Cheap Vacation Home [or a mix of both?]
Replies: 13
Views: 1656

Re: Bad Rental Investment or Cheap Vacation Home

Big red flag is that this is basically a timeshare. Timeshares suck. Don't do this.
by denovo
Thu Apr 01, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9123

Re: Do you trust the current value of your portfolio?

I have a number for my retirement. However, the number was reached far faster than I expected. So I am seriously considering to retire at the end of this year or next year (dependent upon my son's employment status). When I read around (on similar forums), it seems that everyone's portfolio grows a...
by denovo
Tue Mar 30, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 636
Views: 163124

Re: My New Car Buying Tips

Just bought a 2021 Highlander Hybrid using the patented denovo method :). The whole process took a week from start to finish. Decided on the trim (XLE) plus roof rack cross bars ($350). I made a PDF spec sheet on Toyota's website and contacted six area dealers via their website forms. (I selected t...
by denovo
Sat Mar 27, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2831

Re: Owned a home, rented it for 2 years, then sold - Still owe tax?

We had a home as a primary residence, then I got a job in another state and we moved. We rented out the old home for for exactly two years, then sold it. I followed all the wizards in Turbotax this year and reported the fact that we sold the house. I had always believed that if one lived in a house...
by denovo
Sat Mar 27, 2021 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

You should read this thread. State you are a cash only buyer and get them to bid against each other. A bit tricky as, unfortunately, many dealers here have the same owner (or at least share info about buyers). Dealer 1 knew I had been to Dealer 2 yesterday. You should do e-mail bidding instead of g...
by denovo
Sat Mar 27, 2021 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

OP back. Sorry, been going back and forth to different dealers. The car is a Prius Prime and I now know the cash price is about $4,000 lower than the finance price. Thank you to the poster who recommended checking the website. I'm switching, though, to the non-Prime Prius (the car I've had for 13 y...
by denovo
Sat Mar 27, 2021 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Toyota is offering me a 72-month loan at .9% on a new car. NY has no prepayment penalty. We can pay for the car outright, but the rate is pretty low. Investments will probably (but not definitely) beat it. Thoughts? Thanks. Can you specify what model you are buying? I was looking at the hybrid Coro...
by denovo
Fri Mar 26, 2021 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

jbk wrote: Fri Mar 26, 2021 11:17 am Toyota is offering me a 72-month loan at .9% on a new car. NY has no prepayment penalty. We can pay for the car outright, but the rate is pretty low. Investments will probably (but not definitely) beat it. Thoughts? Thanks.
Can you specify what model you are buying?
by denovo
Thu Mar 25, 2021 9:01 pm
Forum: Personal Consumer Issues
Topic: Landlord Committing Mortgage Fraud
Replies: 7
Views: 1522

Re: Landlord Committing Mortgage Fraud

Not sure if this topic belongs here, but I thought I'd give it a shot. I think my landlord is planning to commit mortgage fraud. He's refinancing the mortgage on the home we are renting from him and has asked that, when the home inspector comes, we conveniently not be present in the home, and remov...
by denovo
Wed Mar 24, 2021 3:35 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

I just had one offer come in about 2K lower than all the rest. I'm almost sure they made a mistake (i.e., I think that they may have used the wrong specs when making the bid). I emailed them back asking them to confirm and I basically got a two line email saying that the price they gave is correct....
by denovo
Wed Mar 24, 2021 3:33 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

I hope some of what I've posted has been useful. The "email every dealer and make them bid against each other" technique is an outmoded holdover from years ago, before consumers had ready access to as much info as they have now (if they're willing/able to search), and when dealers were pe...
by denovo
Mon Mar 22, 2021 5:56 pm
Forum: Personal Investments
Topic: Can I Deduct Investment Property Expenses on Taxes?
Replies: 9
Views: 850

Re: Can I Deduct Investment Property Expenses on Taxes?

Thanks for the response , i have never lived at the property and it was bought as an investment property.. my CPA is saying that for rental property the expenses and depreciation should be rolled over to the next year and the expenses cannot be exempted for my personal taxes as this is NOT commerci...
by denovo
Mon Mar 22, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax efile rejected -- tips?
Replies: 17
Views: 1165

Re: TurboTax efile rejected -- tips?

My efile tax return keeps getting rejected by the IRS (and subsequently state) with the error that the "AGI or PIN is incorrect." I have gone back and checked and rechecked. The AGI is definitely our AGI from last year. Additionally, we filed a paper return last year and don't have a PIN....
by denovo
Sun Mar 21, 2021 8:54 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

At this point my best options are get one off the lot that has everything I want but a lot of extra stuff I don't really want (but is nice) for 49K. Or order the exact car I want for 48K less any rebates available at the time of deliver. Current rebates are $4500. If the rebates at time of delivery...
by denovo
Sun Mar 21, 2021 8:12 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

At this point my best options are get one off the lot that has everything I want but a lot of extra stuff I don't really want (but is nice) for 49K. Or order the exact car I want for 48K less any rebates available at the time of deliver. Current rebates are $4500. If the rebates at time of delivery...
by denovo
Sat Mar 20, 2021 10:00 am
Forum: Personal Consumer Issues
Topic: My $2 a day car - for frugal living / car depreciation nerds.
Replies: 40
Views: 5821

Re: My $2 a day car - for frugal living / car depreciation nerds.

Just said farewell to my trusty vehicle after 16 years of ownership and thought I'd figure out the depreciation over time. I bought the 2003 Civic LX for $13,000 in 2005 with 15k miles on it. I just sold it for $3500 with 109k miles on it. So: 16 years operation 6812 miles/year (not so great for co...
by denovo
Fri Mar 19, 2021 3:31 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

So here is one more specific question that I have. Should I mention that I'm willing to have them order the vehicle (and that I can wait) in the initial email? You're making this too complicated. If you can find a reasonable approximation of what you want from multiple dealers, start bidding based ...
by denovo
Fri Mar 19, 2021 1:34 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

Thanks for the responses. 2. As far as zip code for tax purposes, I know you pay the tax in the state that you title it in. But what about local taxes (city/county)? Are those based on where you buy the car or where you live. Sales tax is 1-2% lower in counties adjacent to mine. FYI, the vehicle is...
by denovo
Fri Mar 19, 2021 1:28 pm
Forum: Personal Consumer Issues
Topic: Car negotiation (vs Truecar/Costco) for factory car orders?
Replies: 16
Views: 2386

Re: Car negotiation (vs Truecar/Costco) for factory car orders?

My head spins at the thought of playing 10 dealers off of each other. I don't know how getting the absolutely lowest possible price for a car became such an important thing for people, especially those of reasonably high means. Heck, when i watch cnbc in the morning, I probably gain or lose more mo...
by denovo
Fri Mar 19, 2021 1:10 pm
Forum: Personal Consumer Issues
Topic: Selling rare/expensive beanie babies
Replies: 56
Views: 5973

Re: Selling rare/expensive beanie babies

A friend of mine claims to have a collection of beanie babies, including a few rare ones that she estimates are worth $30,000. I have no idea whether this valuation is accurate. But, she asked me where the best place to sell them would be. Any ideas from the forums? This is most definitely not my a...
by denovo
Fri Mar 19, 2021 1:08 pm
Forum: Personal Consumer Issues
Topic: Car negotiation (vs Truecar/Costco) for factory car orders?
Replies: 16
Views: 2386

Re: Car negotiation (vs Truecar/Costco) for factory car orders?

My head spins at the thought of playing 10 dealers off of each other. I don't know how getting the absolutely lowest possible price for a car became such an important thing for people, especially those of reasonably high means. Heck, when i watch cnbc in the morning, I probably gain or lose more mo...
by denovo
Fri Mar 19, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4545
Views: 227807

Re: [GameStop GME trading mega-thread]

Guys, due to naked shorting, I’m genuinely afraid the gamestock saga is going to break the market. I know bogleheads want to turn their noses up at non-index “set it and forget it” trading, but this is not something to ignore. The trade volume and naked shorting are going to lead to a squeeze that ...
by denovo
Fri Mar 19, 2021 1:02 pm
Forum: Personal Consumer Issues
Topic: Need Help Buying Car, part 2
Replies: 81
Views: 6294

Re: Need Help Buying Car, part 2

So, I'm planning on buying a new vehicle, and my plan is to just email a bunch of dealers and see who will get me the best price out the door. I have done all the research I need to do and I'm now at the email step. I used this technique over 10 yrs ago to buy a new car, and it worked well, but it ...
by denovo
Mon Mar 15, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Tesla for people that keep cars a long time
Replies: 147
Views: 11207

Re: Tesla for people that keep cars a long time

Hopefully this is a little different than a lot of the "Should I buy a Tesla?" topics that focus on features or affordability. I like to keep cars 10-12 years on average. I drive less than 5k miles per year. My question is is a Tesla a bad car to do this with? So far, over the shorter ter...
by denovo
Mon Mar 15, 2021 7:48 am
Forum: Personal Finance (Not Investing)
Topic: High earners, about how much tax do you pay?
Replies: 79
Views: 9355

Re: High earners, about how much tax do you pay?

I made a lot more last year than I ever have (around $176k), and after all the calculations it seems I will owe $24k in taxes. :shock: I missed opening a Solo-401k last year, but am trying my best to make whatever necessary contributions / deductions I can. So this gets me wondering, how much do yo...
by denovo
Sun Mar 14, 2021 1:33 pm
Forum: Personal Consumer Issues
Topic: Car negotiation (vs Truecar/Costco) for factory car orders?
Replies: 16
Views: 2386

Re: Car negotiation (vs Truecar/Costco) for factory car orders?

Looking to buy a new Chrysler Pacifica Touring L AWD with the Safety Sphere Package. Unfortunately none of the local car dealers have this item in stock, so it would likely need to be factory ordered. Would a Denovo or Bragg approach of asking 10 dealers for best OTD price and playing them off each...
by denovo
Sat Mar 13, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Wife just crashed her car into mine. Tips on handling insurance?
Replies: 55
Views: 6806

Re: Wife just crashed her car into mine. Tips on handling insurance?

Wife was backing out of the driveway and managed to crash her car into mine. We are both on the same insurance. I would estimate several thousand dollars in damage. We have a fairly high deductible. Is there anything special I should do before I call my insurance and start finding a body shop (shou...
by denovo
Fri Mar 12, 2021 11:00 am
Forum: Personal Consumer Issues
Topic: Texas resident selling car to buyer from Illinois
Replies: 24
Views: 1846

Re: Texas resident selling car to buyer from Illinois

I'm selling a car, have it listed on the local Autotrader here in Texas. A buyer showed up all the way from Illinois (he's out here in TX for a week on business.) He made an offer and will bring a check later this week. He mentioned that Illinois requires that I get a form notarized. Anyone have an...
by denovo
Thu Mar 11, 2021 6:22 am
Forum: Personal Consumer Issues
Topic: How much do you pay your tax professional?
Replies: 60
Views: 6451

Re: How much do you pay your tax professional?

I am just curious, why people pay a CPA and more time (it takes more time with a CPA in my experience) for pretty common situations? By pretty common I mean everything from ESPPP, RSU, stocks, K1, retirement plans, Roth conversion, to rental real estate. When I stated doing my taxes I used only a p...
by denovo
Tue Mar 09, 2021 5:03 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4545
Views: 227807

Re: [GameStop GME trading mega-thread]

Shorts getting hosed, I wonder if this will take down any hedge funds.
by denovo
Mon Mar 08, 2021 10:19 pm
Forum: Investing - Theory, News & General
Topic: Which financial institution went insolvent in 2008 and caused clients to lose all savings?
Replies: 13
Views: 2180

Re: Which financial institution went insolvent in 2008 and caused clients to lose all savings?

My only explanation would be if he had over the FDIC limits in the bank and lost money like that.
by denovo
Sun Mar 07, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Medallion signature guarantee
Replies: 79
Views: 5590

Re: Medallion signature guarantee

I have been reading over posts about why you might need a brick and mortar bank. People frequently mention Medallion signature guarantee. I didn't know what this was until reading about it just now. Have you ever needed one? If you did need one, where you able to get it quickly and easily at your l...
by denovo
Sun Mar 07, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: My bank is closing - should I move all my accounts?
Replies: 12
Views: 918

Re: My bank is closing - should I move all my accounts?

Moving all 4 accounts would be a bit of a pain and I have some concern that opening 4 new accounts would hurt our credit score, though we recently refinanced and don't foresee any new loans, so that might be moot. I already tried to open a joint checkings with Ally a few weeks ago and was denied - ...
by denovo
Sun Mar 07, 2021 8:18 am
Forum: Personal Consumer Issues
Topic: Using OBD2 scanner to evaluate used car buying
Replies: 102
Views: 4750

Re: Using OBD2 scanner to evaluate used car buying

I'm looking to buy a used 2017 (or newer) Toyota Sienna. Based on YouTube videos, I bought a OBD2 BLE scanner to use with my Android phone. OBD Fusion seemed like a recommended app ($5 on play store) to use by the OBD2 scanner manufacturer (Veepeak) . I'm a noob at this, I was wondering if someone ...
by denovo
Sun Mar 07, 2021 8:15 am
Forum: Personal Consumer Issues
Topic: Helping my elderly mother
Replies: 25
Views: 1886

Re: Helping my elderly mother

I count 3 siblings. Can the three of you chip in to make the numbers work? Perhaps if your siblings don't get along, they would maybe be ok with spending money for her to move to Florida. Also, it's still their mom, so shaming works. Each of you contributing to the cost of the home would reuce her ...
by denovo
Sun Mar 07, 2021 7:59 am
Forum: Personal Consumer Issues
Topic: Helping my elderly mother
Replies: 25
Views: 1886

Re: Helping my elderly mother

There is a large number of 55+ senior communities in Florida, including Fort Meyers. If she gets along well with your aunt have you considered if she can move into the same community or nearby? I see 55+ homes in Ft. Meyers $300k. If she puts 80k down and borrows 200k, her monthly mortgage would be...
by denovo
Sun Mar 07, 2021 7:47 am
Forum: Personal Consumer Issues
Topic: How much do you pay your tax professional?
Replies: 60
Views: 6451

Re: How much do you pay your tax professional?

I realize this is a loaded question with a great deal of caveats depending on how complex your tax situation is. For context, DW and I live in CA and are W2 employees. We've been seeing an EA for the last several years. I used to use tax software to do it myself, but shifted over to a professional ...
by denovo
Sun Mar 07, 2021 7:34 am
Forum: Personal Consumer Issues
Topic: How much do you pay your tax professional?
Replies: 60
Views: 6451

Re: How much do you pay your tax professional?

celia wrote: Tue Mar 02, 2021 8:02 pm When I did taxes for my parents, they would pay for a dinner out, but I had to drive.
We don't have enough info to determine profitability, how expensive was the restaurant, were you allowed to order drinks/appetizers, and how much did the gas cost
by denovo
Sun Mar 07, 2021 7:25 am
Forum: Personal Consumer Issues
Topic: Helping my elderly mother
Replies: 25
Views: 1886

Re: Helping my elderly mother

There is a large number of 55+ senior communities in Florida, including Fort Meyers. If she gets along well with your aunt have you considered if she can move into the same community or nearby? I see 55+ homes in Ft. Meyers $300k. If she puts 80k down and borrows 200k, her monthly mortgage would be ...
by denovo
Sat Mar 06, 2021 4:11 am
Forum: Personal Consumer Issues
Topic: Changes to LastPass free
Replies: 209
Views: 14630

Re: Changes to LastPass free

I think I pay $36 per year for LastPass. I'm surprised that a group that debates which $5,000 watch to buy is griping about such a miniscule fee for such an important service. I would expect such discussion on the Mr. Money Mustache forums, not Bogleheads. :confused It's only $2.50/month for a grea...
by denovo
Fri Mar 05, 2021 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medallion signature guarantee
Replies: 79
Views: 5590

Re: Medallion signature guarantee

I transferred from Vanguard to TD Ameritrade. Vanguard required it. Was this a "push" initiated on the Vanguard side (i.e. you submitted a form to Vanguard instructing them to transfer the funds to TD Ameritrade)? No requested from TD side. We were told Vanguard wouldn't allow it without ...
by denovo
Fri Mar 05, 2021 1:13 pm
Forum: Personal Consumer Issues
Topic: Help! Dealer may have sold the car we are buying
Replies: 97
Views: 7604

Re: Help! Dealer may have sold the car we are buying

SmallCityDave, I apologize for vagueness; I was in panic mode when I wrote the initial post; you all have helped me gain perspective. The manager asked for our side of the story so we provided email correspondence and the documents to her. She was on the fence regarding the appropriateness of the s...
by denovo
Thu Mar 04, 2021 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Medallion signature guarantee
Replies: 79
Views: 5590

Re: Medallion signature guarantee

I transferred from Vanguard to TD Ameritrade. Vanguard required it. Was this a "push" initiated on the Vanguard side (i.e. you submitted a form to Vanguard instructing them to transfer the funds to TD Ameritrade)? No requested from TD side. We were told Vanguard wouldn't allow it without ...
by denovo
Thu Mar 04, 2021 1:25 pm
Forum: Personal Consumer Issues
Topic: Help! Dealer may have sold the car we are buying
Replies: 97
Views: 7604

Re: Help! Dealer may have sold the car we are buying

Nothing to do with the OP, but people just seem to get flakier and flakier. And consequently makes sellers more and more jaded. Not sure if it's a newer cultural direction or just an internet-type mentality. I just know years ago when I was selling a car, if someone said they were going to buy it, ...
by denovo
Thu Mar 04, 2021 10:56 am
Forum: Personal Consumer Issues
Topic: Does anyone use travelers checks any more?
Replies: 110
Views: 5739

Re: Does anyone use travelers checks any more?

No. And I don't use Thomas Guides. I also don't get travel brochures from AAA.