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Viewing profile - NoBoB

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Joined: Sun Oct 14, 2007 11:10 am
Last visited: Fri Jan 03, 2014 2:56 pm
Total posts: 317
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Most active forum: Personal Finance
[ 252 Posts / 79.50% of user’s posts ]
Most active topic: The $100 A Barrel - Gas savings thread
[ 6 Posts / 1.89% of user’s posts ]

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 Forum: Personal Finance   Topic: To pay off or not too pay off

Posted: Wed Jul 27, 2011 7:44 pm 

Replies: 12
Views: 1629


Mathematically, it's better to pay it off, of course, due to the disparity in the interest rates. The only downside is that once the money goes into the dirt, it's stuck there. In this case, that's probably not really a downside at all. So let's throw some numbers into one of those internet calculat...

 Forum: Personal Finance   Topic: ATM card more than four times

Posted: Wed Jul 20, 2011 10:25 pm 

Replies: 6
Views: 1283


Many banks charge for using an ATM that's not on their network. Some accounts allow a few before the fee hits. Is the ATM part of her bank's network?

10 per does seem awfully steep though. That's more in line with the penalty on savings accounts mentioned above.

 Forum: Personal Finance   Topic: Treasury Direct rates?

 Post subject: Re: Treasury Direct rates?
Posted: Tue Jul 19, 2011 5:55 pm 

Replies: 3
Views: 1047


... (con't) or http://www.treasurydirect.gov/instit/annceresult/press/preanre/preanre.htm.

Stupid one URL per post :shakesfist:

 Forum: Personal Finance   Topic: Treasury Direct rates?

 Post subject: Re: Treasury Direct rates?
Posted: Tue Jul 19, 2011 5:51 pm 

Replies: 3
Views: 1047


That data is available in a couple of different formats at Treasury Direct. You can http://www.treasurydirect.gov/RI/OFAuctions?form=histQuery, ... (con't)

 Forum: Personal Finance   Topic: Property decline in value, what about repairs?

Posted: Mon Jul 18, 2011 10:57 pm 

Replies: 70
Views: 9750


I don't think the Free Checking analogy is valid. As long as you abide by the terms of the account, it won't cost you anything. The bank can't just decide to charge you fees anyway (of course, they can change the terms going forward, but you're free to take your business elsewhere). I'm more onboard...

 Forum: Personal Finance   Topic: ing Orange Mortgages?

 Post subject: Re: ing Orange Mortgages?
Posted: Mon Jul 18, 2011 1:31 pm 

Replies: 23
Views: 3513


Samantha, I'm not going to look at it as "how much interest" but as "how much time", and what that costs. Playing around with a calculator, I'm going to guess that you're paying about $1500/mo (a little over $600 extra) on your existing $122k mortgage balance in order to pay it o...

 Forum: Personal Finance   Topic: Am I saving too much?

 Post subject: Re: Am I saving too much?
Posted: Mon Jul 18, 2011 12:10 pm 

Replies: 27
Views: 3894


You do realize that you are losing 1.5% of the purchasing power your money holds, per year, when it is sitting in a 1% savings account? If it's a house down payment, that will depend on the health of the local market. If home prices fall or stay stagnant, which doesn't seem completely out of the qu...

 Forum: Personal Finance   Topic: Employee Stock Purchase plan. Is it always a good idea?

Posted: Sat Jul 16, 2011 5:43 pm 

Replies: 13
Views: 5347


True, you can get burned on an uptrend, but you can make out like a bandit on a downtrend too. And he's getting a 15% discount, so some of that 'getting burned' possibility is mitigated. It's not like 30% moves to the upside are all that common (they've happened, but so have substantial moves to the...

 Forum: Tips, Tricks, Links, Pointers   Topic: Cash + Real Estate + Roth IRA = Infinite Tax Free Retirement

Posted: Thu Jul 14, 2011 6:35 pm 

Replies: 49
Views: 18940


...the previous few posts were written as if an answer wasn't wanted, but only an argument. Do you truly want me to answer those questions so that you can understand, or were they written just for the sake of argument without a desire to learn? I was looking forward to your responses to the points ...

 Forum: Tips, Tricks, Links, Pointers   Topic: Cash + Real Estate + Roth IRA = Infinite Tax Free Retirement

Posted: Wed Jul 13, 2011 8:53 pm 

Replies: 49
Views: 18940


Why this is a safe investment: 1) The Investor gets a mortgage in 1st position on the property, so if anything were to happen, they would get their money plus the interest. 2) If the property wasn't selling, we could drop the price of the property up to 75% BELOW market value, and STILL pay the Inv...

 Forum: Personal Finance   Topic: Cash Backed Puts

 Post subject: Re: Cash Backed Puts
Posted: Tue Jul 12, 2011 7:46 pm 

Replies: 12
Views: 1577


...covered puts are a great strategy to get into a stock at a certain price. Please be careful with the terminology, particularly in a thread where some of the participants have indicated they are somewhat new to this type of trade. A covered put is comprised of a short put covered by a short stock...

 Forum: Personal Finance   Topic: Cash Backed Puts

 Post subject: Re: Cash Backed Puts
Posted: Mon Jul 11, 2011 9:33 pm 

Replies: 12
Views: 1577


I've done this for years. It may be helpful to know that a cash-secured short put and a covered call have the exact same risk profile until the option expires. In both cases, your profits are capped at the amount of the option premium, and your downside is your entire investment minus the received p...

 Forum: General Discussion   Topic: Capitalism=Greed?

 Post subject: Re: Capitalism=Greed?
Posted: Mon Jul 11, 2011 9:11 pm 

Replies: 23
Views: 6558


On the other hand, if someone is forcing the givers to give against their will, the givers are getting less utility than they would otherwise have while the givees are gaining the same amount of utility. Do you mean, for example, by using tax dollars to feed the hungry or support art? I don't know ...

 Forum: Personal Finance   Topic: Where to start investing?

Posted: Mon Jul 11, 2011 8:59 pm 

Replies: 27
Views: 2926


One last point. Diversification requires non-correlated assets. If you can put 2-5% in something safe, that moves differently - not nessisarily the scenario's with inverse correlations we were talking about above - thats a good thing in my book. Which is why I previously suggested a basket of asset...
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