Search found 5543 matches

by EnjoyIt
Tue Apr 20, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card: BoA Cash Rewards and online category
Replies: 40
Views: 3824

Re: Credit Card: BoA Cash Rewards and online category

Since these are debit cards, you only pay the debit card fee of $2-$2.89. Check with Doctor of Credit for more details on what cards work best. It does look like the $250 is the maximum for giftcards.com/GiftCardMall, unfortunately, but you could also buy a Simon gift card for $3.95 for $1,000, plu...
by EnjoyIt
Tue Apr 20, 2021 2:32 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

You can read about it all you want, but it's much easier to understand it when you use it. But what you do mean, "use it"? I mean, I get how to "own it".... but what's a good way to "use" $100 worth of bitcoin? I own some Bitcoin while also being skeptical of Bitcoins ...
by EnjoyIt
Tue Apr 20, 2021 2:23 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

I would never store tokens without a hardware wallet, at least if you have over 10k USD or so. What if I spill coffee on it? Or lose it? What do you think of Coinbase vaults? I would bet the safest place to store your Bitcoin today would be PayPal. Of course you can’t do anything with it there othe...
by EnjoyIt
Mon Apr 19, 2021 9:26 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

I am genuinely curious about how the blockchain works, and I have no prejudice against bitcoins either, as a concept. My issue is that I struggle to understand the rationale behind investing in them. It works as a currency. Some people often say that it's actually a totally new asset class, but de ...
by EnjoyIt
Mon Apr 19, 2021 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage - What's the Deal?
Replies: 128
Views: 8135

Re: Medicare Advantage - What's the Deal?

the correct appellation is MEDICARE DISADVANTAGE. i know nothing about kaiser but here in NJ the disadvantage discourages you from seeing a specialist. they act as a gate keeper and do not utilize elite doctors, but rather those who can not develop a full practice. caveat emptor. not for me! These ...
by EnjoyIt
Sun Apr 18, 2021 9:39 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274237

Re: Post your Financial Milestone Announcements Here

That’s great. Congrats on your success. I have had similar luck thanks to WCI (White Coat Investor) and this forum. Years ago back when I was completely clueless, my accountant tried to sell me a whole life policy, funding it at $50k a year. I didn’t fully understand whole life and I told myself th...
by EnjoyIt
Sun Apr 18, 2021 9:33 pm
Forum: Personal Consumer Issues
Topic: Quarter round molding
Replies: 36
Views: 2180

Re: Quarter round molding

What your contractor is doing is something my wife and I hate and have not allowed it in our remodel jobs. Tile goes from wall to wall. It belongs underneath any cabinets and it belongs underneath the baseboard. The quarter round job looks horrible. As Sandtrap stated, have your GC do what you want....
by EnjoyIt
Sun Apr 18, 2021 10:28 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274237

Re: Post your Financial Milestone Announcements Here

Years ago back when I was completely clueless, my accountant tried to sell me a whole life policy, funding it at $50k a year. I didn’t fully understand whole life and I told myself that if I am going buy something that expensive ($50k/yr) I need to be able to understand it well enough so that I can...
by EnjoyIt
Sun Apr 18, 2021 8:45 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2311
Views: 274237

Re: Post your Financial Milestone Announcements Here

Topped 1MM in the investment portfolio this week. We hit 1MM in net worth about three months ago in January. I finished medical training in 2018 with a NW of -175k. The buy and hold, three fund portfolio has been kind to us. I plan to give a lecture next month to our residents detailing financial b...
by EnjoyIt
Sun Apr 18, 2021 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401k to allow incoming rollovers?!
Replies: 40
Views: 3432

Re: Vanguard solo 401k to allow incoming rollovers?!

I am retired but still have the company’s 401k. Solo 401k is new to me. Would it help, and if so why? I have other accesses just curious about my 401k and Solo 401k. Solo 401k is only helpful if you need a 401k to hide assets form the IRA prorata rules. Solo 401k is only available if you have your ...
by EnjoyIt
Sun Apr 18, 2021 7:15 am
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

Do people count this towards their equity allocation or in their alternative allocation? So if you're 70% equities and 5% BTC do you consider yourself being a 75/25 or a 70/25/5? I personally consider crypto a separate asset class. When I compute my asset allocation, I exclude cryptos from both equ...
by EnjoyIt
Sat Apr 17, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

It’s not clear to me how having instant access to large sums of money to buy additional speculative assets without basics like KYC is a net positive. When things go bad, it’s going to go very bad. Bolded above is my emphasis. That is exactly my point that I think is being glossed over. If all this ...
by EnjoyIt
Sat Apr 17, 2021 3:44 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

Buy $10k of bitcoin and use it to leverage $8k to buy ??? This is real. But I don't think that's called leverage. I think it's just collateral in this scenario. However, if your point is simply that now there are 2 assets that could fail, I agree. This adds risk. Buy $10k of bitcoin and use it to l...
by EnjoyIt
Sat Apr 17, 2021 3:41 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

It’s not clear to me how having instant access to large sums of money to buy additional speculative assets without basics like KYC is a net positive. When things go bad, it’s going to go very bad. Bolded above is my emphasis. That is exactly my point that I think is being glossed over. If all this ...
by EnjoyIt
Sat Apr 17, 2021 3:37 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

Loaned out as leverage, just like a traditional bank With debt being so cheap today, who and why is someone borrowing to give you 6-8% interest. What happens to the debt if the value of their collateral (other crypto) goes down in value? What if it goes down fast as it has done in the past during c...
by EnjoyIt
Sat Apr 17, 2021 3:24 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

It’s not clear to me how having instant access to large sums of money to buy additional speculative assets without basics like KYC is a net positive. When things go bad, it’s going to go very bad. Bolded above is my emphasis. That is exactly my point that I think is being glossed over. If all this ...
by EnjoyIt
Sat Apr 17, 2021 12:55 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

How exactly do these accounts "earn" interest? Why would someone pay interest to them, for the privilege of holding the currency? Loaned out as leverage, just like a traditional bank With debt being so cheap today, who and why is someone borrowing to give you 6-8% interest. What happens t...
by EnjoyIt
Sat Apr 17, 2021 12:33 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

Bogleheads generally don't buy assets that do not provide a return. Gold and silver being an example. Sure, some do, but I'm speaking in generalities. I am now seeing more and more bogleheads, long timers, buying into cryptos. Does that mean we are starting to reach our peak because the last of the...
by EnjoyIt
Sat Apr 17, 2021 12:07 pm
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

How exactly do these accounts "earn" interest? Why would someone pay interest to them, for the privilege of holding the currency? Loaned out as leverage, just like a traditional bank With debt being so cheap today, who and why is someone borrowing to give you 6-8% interest. What happens t...
by EnjoyIt
Sat Apr 17, 2021 9:38 am
Forum: Investing - Theory, News & General
Topic: For those adding Crypto as an asset class to their AA
Replies: 145
Views: 8413

Re: For those adding Crypto as an asset class to their AA

Bogleheads generally don't buy assets that do not provide a return. Gold and silver being an example. Sure, some do, but I'm speaking in generalities. I am now seeing more and more bogleheads, long timers, buying into cryptos. Does that mean we are starting to reach our peak because the last of the ...
by EnjoyIt
Sat Apr 17, 2021 9:29 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 147
Views: 10844

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

I did things a bit differently, I retook those AP classes in college and got myself very easy As. It allowed me to focus on the more difficult classes so that I can get As there as well. Also, college isn't just about finishing and getting a degree. It is an experience that I am so glad I had a chan...
by EnjoyIt
Sat Apr 17, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Replacement windows
Replies: 19
Views: 1344

Re: Replacement windows

a few points. My parents put in Anderson windows in their home about 20-25 years ago, and they still are in great working condition. We put in Anderson windows in our home recently. We went with the E-400 series. I like them, they work great, and look great, but honestly, for the money I'm surprised...
by EnjoyIt
Sun Apr 11, 2021 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4778

Re: Anyone contemplating OLY (One Less Year)?

For most people, doing OMY is for money. Even if they don't need money, more money does not hurt. More money gives you more safety, more options to spend (or not) in the future, can do a lot of things with more money. Many people do not want to admit, but that is the truth under some grander disgui...
by EnjoyIt
Sat Apr 10, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4778

Re: Anyone contemplating OLY (One Less Year)?

We went part time a few years back when we hit X earlier than expected. The goal was always part time and we did it about 1-2 year earlier than projected. Great decision.
by EnjoyIt
Sat Apr 10, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47103

Re: who here is tempted to pullback on stocks?

It doesn't matter if you're investing for legacy reasons or for your own retirement: increasing risk as time goes by is a backward approach. In any event, it's a 5% difference, so it isn't going to matter much in the long run. You just seem to be overthinking this. It's called a rising glide path: ...
by EnjoyIt
Sat Apr 10, 2021 9:01 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47103

Re: who here is tempted to pullback on stocks?

It doesn't matter if you're investing for legacy reasons or for your own retirement: increasing risk as time goes by is a backward approach. In any event, it's a 5% difference, so it isn't going to matter much in the long run. You just seem to be overthinking this. It's called a rising glide path: ...
by EnjoyIt
Fri Apr 09, 2021 12:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2870
Views: 456084

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I previously did a transfer from Fido to Ally, and my cost basis got mixed up as average cost (even though tracked as specific ID in Fidelity), and nobody on Fido or Ally seem to be able to fix it. Has someone successfully transferred mutual funds to Ally while keeping SpecID cost information intac...
by EnjoyIt
Thu Apr 08, 2021 10:47 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20909

Re: For those retired or FI, how much do you spend annually?

I'm planning on: Current expenses + $25k annually for healthcare + $15-20k over current expenses annually for traveling. This is very similar to how I see it. $20k for health care with a $6k deductible. $24k on travel. Once the mortgage is paid off, living expenses at home are just not that high. T...
by EnjoyIt
Thu Apr 08, 2021 10:37 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 305
Views: 38454

Re: Family member has one million in one stock , doesn't want to cash out

Hello all, My dad just told me he has surpassed one million in Tesla . He's 60 years old , 5 years left to retirement. Has a total portfolio of 3 million and RE worth 2 million. His portfolio holdings consist of individual companies such as Tesla , apple, Nvidia , AMD , GE and some other companies....
by EnjoyIt
Thu Apr 08, 2021 10:30 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47103

Re: who here is tempted to pullback on stocks?

I wonder, if one is financially independent, has won the game, has 10 years in bonds, but still employed for various reasons. Why hold more bonds? 10 years is a long time. Maybe it’s okay to drift past a 60/40 portfolio (10 years in bonds.) maybe it’s okay to change one’s IPS to go from 60/40 to 10 ...
by EnjoyIt
Wed Apr 07, 2021 8:30 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 243
Views: 16688

Re: Insane to buy a sports car?

Congrats on your decision.

It’s kinda funny how reading this thread makes me want to get a sports car.
by EnjoyIt
Wed Apr 07, 2021 8:26 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47103

Re: who here is tempted to pullback on stocks?

I know that bogleheads do not time the market. This thread isn't for you, or the "stay the course" comments. I know that, i get that, and I live that. My question is simply - if you are tempted to take profits and shift some to cash, are you going to do it or are you going to resist? I am...
by EnjoyIt
Wed Apr 07, 2021 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard solo 401k to allow incoming rollovers?!
Replies: 40
Views: 3432

Re: Vanguard solo 401k to allow incoming rollovers?!

Good to hear, but a little too late. I just moved my 401k to E*TRADE a few months back for this exact reason. It’s a shame because I would prefer to have stayed with Vanguard but I guess the E*TRADE signup bonus was pretty nice as well.
by EnjoyIt
Mon Apr 05, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going r...
by EnjoyIt
Sat Apr 03, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going r...
by EnjoyIt
Sat Apr 03, 2021 11:41 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

Something I am curious about that I can’t find an answer to. All this crypto lending and staking that provides such high interests rates; who is doing the borrowing and what are they buying with that money? With non-crypto borrowing interest rate being so low who would borrow at the cryptos going ra...
by EnjoyIt
Fri Apr 02, 2021 1:45 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

One of the general recommendation is to put just 1% of your net worth into Bitcoin. When the time came, I couldn't do it, so I put in .5%. That was last Aug. That .5% is now 10.5%. It was over 12% at bitcoin's recent high. This is all since Aug 2020. :shock: With only .5% of skin in the game and mo...
by EnjoyIt
Thu Apr 01, 2021 10:39 am
Forum: Personal Consumer Issues
Topic: Epipen if paying out of pocket / high deductible ins
Replies: 15
Views: 1367

Re: Epipen if paying out of pocket / high deductible ins

There are cheaper alternatives including good old needle and syringe but whatever you get make sure you are 100% able to use it during intense panic. Make sure your kid knows how to use it and your spouse. This option is least expensive, although one needs to be able to pull the medication out of t...
by EnjoyIt
Tue Mar 30, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

I go back and forth between wanting to sell to lock in gains and wanting to buy more because the use case for bitcoin remains the same What is the use case for bitcoin? What problem do I have that is solved by bitcoin? What problem do YOU have that is solved by bitcoin? To store and transfer value....
by EnjoyIt
Tue Mar 30, 2021 8:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

I go back and forth between wanting to sell to lock in gains and wanting to buy more because the use case for bitcoin remains the same What is the use case for bitcoin? What problem do I have that is solved by bitcoin? What problem do YOU have that is solved by bitcoin? To store and transfer value....
by EnjoyIt
Mon Mar 29, 2021 11:50 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

One of the general recommendation is to put just 1% of your net worth into Bitcoin. When the time came, I couldn't do it, so I put in .5%. That was last Aug. That .5% is now 10.5%. It was over 12% at bitcoin's recent high. This is all since Aug 2020. :shock: With only .5% of skin in the game and mo...
by EnjoyIt
Mon Mar 29, 2021 6:55 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Resources for Patient/Curious Bogleheads
Replies: 312
Views: 15438

Re: Bitcoin Resources for Patient/Curious Bogleheads

For years, I have been learning and watching bitcoin exist. Frankly I am surprised it has reached the value that it has today. It really serves no functional legal purpose yet people want it and have driven the price to $60k in just a few short months. Even the biggest cryptocurrency proponents clai...
by EnjoyIt
Thu Mar 25, 2021 8:42 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

I guess I hate how in play money you will find 5 people going all in with you preflop when you have AA and they all have some garbage. Of course AA isn’t all that great against 5 random hands. That’s not fun and teaches you nothing. I agree. I guess the only good thing is because most of the player...
by EnjoyIt
Thu Mar 25, 2021 8:35 am
Forum: Personal Investments
Topic: Transferring entire 500k taxable account to Bitcoin?
Replies: 169
Views: 9737

Re: Transferring entire 500k taxable account to Bitcoin?

Is this similar to the irrational exuberance of 1997? If you want to gamble some of your money, then go ahead and good luck. All of it is irrational. Just out of curiosity? What odds are you giving Bitcoin will continue to take off? 90%, 95%? More or less? How would you be if the 5-10% chance that i...
by EnjoyIt
Wed Mar 17, 2021 10:38 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

Online makes the most sense. Pokerstars has play-money games, as does America's Cardroom and a whole host of others. If I were starting out, Ed Miller would be one to read. He wrote a book called, "Getting Started in Holdem". I haven’t read it, but have read others of his, and bet it woul...
by EnjoyIt
Tue Mar 16, 2021 12:20 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of a 60/40 AA
Replies: 116
Views: 20343

Re: Talk me out of a 60/40 AA

Your wealth is currently $650k and you save $150k/yr. If you are 100% in equities a 50% drop will have you go down by $325k. You can easily make that up in 2 years of savings and won't really affect you too much. Now picture yourself 10 years from now. The markets have returned 5% a year and you sa...
by EnjoyIt
Mon Mar 15, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: courses/classes in card games - the basics?
Replies: 39
Views: 3056

Re: courses/classes in card games - the basics?

Harrington on hold em revolutionized my game for me. I am a much much better player because of those books. I also recommend you do not learn by playing online play money games. But, feel free to play some low stakes cash games to get a feel for the game as well as practicing doing math quickly. Eve...
by EnjoyIt
Mon Mar 15, 2021 12:14 am
Forum: Personal Consumer Issues
Topic: water pipe leaking
Replies: 51
Views: 3509

Re: water pipe leaking

Plumbing rates in my area are over $250 / hr. And that includes bad plumbers. I just had a slab leak and had two different plumbers do a reroute, and that's what both cost (and I received multiple quotes). $1800 for 6 hours of work including materials. The 2nd plumber didn't even insulate the hot w...
by EnjoyIt
Sun Mar 14, 2021 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp 1120S PPP/forgiveness reporting ?
Replies: 10
Views: 1231

Re: S-Corp 1120S PPP/forgiveness reporting ?

Lieutenant.Columbo wrote: Sun Mar 14, 2021 11:53 am Should the the PPP amount be entered in 1120-S Schedule K Line 16(b) "Other tax-exempt income"?
I don't ave an answer to your question but bumping it for you as I am also a sole proprietor S corp and have yet to do my taxes with regards to PPP.
by EnjoyIt
Sat Mar 13, 2021 10:29 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13935

Re: If you hit your # would you retire in this market?

Hitting your number is not the only reason to retire. I've been over 25X spending for many years. DW just went from a per diem job to full time last spring. I'm still working full time. We're right at 50 times spending in liquid assets plus the paid off house, 4 paid off cars and 2 kids now working...