Search found 244 matches

by Streptococcus
Sat Sep 16, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

This is an interesting choice. I am a banker and also have 7 rental units (I used to have 10 but sold 3 in the last year). I work with lots of RE investors and totally understand where you're coming from, so I'm not going to weigh in on whether I think you should buy rentals or cash out your home e...
by Streptococcus
Sat Sep 16, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

It sounds risky to be taking your primary home equity to buy rentals. If it were a rental you were taking equity that would be different. I'm actually considering add a rental or two with the equity from my one rental. Maybe start with one rental for a couple of years and see how that goes? So i am...
by Streptococcus
Sat Sep 16, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year. I have not invested in REIT. I have a 3 fund portfolio and I add rentals as a diversifier. You can however say that I invested in REIT if I own the 3 fund portfolio. I could buy max 6 but if I can only find 3 or 4 deals...
by Streptococcus
Sat Sep 16, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

Posts like this make me very bearish on buying a home when I don't otherwise need to buy. I do not want to be buying in a market where someone thinks it's a good idea to take out all the equity and lever up 5-6 more properties, counting on the cash flow from renters to make it work. Very vintage 20...
by Streptococcus
Sat Sep 16, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

In your scenario, it sounds like you plan for this to happen: $300k debt on your $300k house $30k debt on your first rental $70k debt on your second rental ($100k purchase price) That may not be "overleveraged," but it at least looks "highly" leveraged. Guess it could work, and you seem to have eno...
by Streptococcus
Sat Sep 16, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year. I have not invested in REIT. I have a 3 fund portfolio and I add rentals as a diversifier. You can however say that I invested in REIT if I own the 3 fund portfolio. I could buy max 6 but if I can only find 3 or 4 deals...
by Streptococcus
Sat Sep 16, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

If you are sure you will be selling the house within 5 years, closing costs are an important consideration. A HELOC is likely preferred on that account, but it depends on interest rates and how long you stay in the house. Many HELOC's are variable rate, so he sure you will indeed sell within 5 year...
by Streptococcus
Fri Sep 15, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

Thanks, so you would not choose any of the 3 options? No, I wouldn't, but I don't really know what you should do since you think of it very differently, as having $200,000 in equity "imprisoned" in your house. Seems like you should be renting instead of owning, or at least carrying the largest mort...
by Streptococcus
Fri Sep 15, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

If you will be in your house for less than five years, you should have either a 15-year mortgage or a 5-year ARM on the home. You don't get the benefit of the longer term in a 30-year mortgage, since you can't lock in the right to borrow at that low rate for 30 years. For similar reasons, the cash-...
by Streptococcus
Fri Sep 15, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

Re: 15 vs 30 year refinance vs cash out refinance

I think of the equity in my home as providing me a place to live and the lost opportunity cost as a substitute for rent. I wouldn't pull cash out of my home to invest in a real estate business (effectively to provide housing for other people) and would keep my personal and business finances distinc...
by Streptococcus
Fri Sep 15, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2109

15 vs 30 year refinance vs cash out refinance

hello Bogleheads, I have an odd dilemma. I just need to know what you would do in my shoes. I plan on buying 5-6 rental properties over the next 12 months and I wanted to use the equity on my house. I currently have a 15 year loan at 3.5%, payment ~ 2230$ per month. My bank is offering me 3 financin...
by Streptococcus
Wed May 31, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my line of credit debt?
Replies: 6
Views: 530

Re: Should I pay off my line of credit debt?

Thank you very much for your advices. I really appreciate it.
by Streptococcus
Wed May 31, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my line of credit debt?
Replies: 6
Views: 530

Re: Should I pay off my line of credit debt?

Thank you very much for your advices. I really appreciate it.
by Streptococcus
Wed May 31, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my line of credit debt?
Replies: 6
Views: 530

Should I pay off my line of credit debt?

Hello Bogleheads, I have a line of credit debt that amounts to 30K, 5% interest. I did some home renovations and used the line of credit to pay for it. I have 2 possible ways to pay for it and I'd like to have your opinion on the best way: 1. I pay it off now. I have cash in my portfolio to pay the ...
by Streptococcus
Mon Jan 09, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

Thanks you everyone for your posts. :beer
by Streptococcus
Fri Jan 06, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

I think he meant that when he officially became a Boglehead, he had about 50k. He now has 500k after the last few years of investing. I'll be a Debbie Downer! I'm guessing the bulk of the gains came from saving not investing. What if the OP makes 450K per year? Then going from 50K to 500K in 3 year...
by Streptococcus
Thu Jan 05, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

NoD wrote:As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer

That is the very purpose of this post. I get motivated by similar posts.
by Streptococcus
Thu Jan 05, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years. Thank you so much for all your inspiration, advices and guidance. Next milestone, seven figure befor...
by Streptococcus
Thu Jan 05, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

JimmyD wrote:Congrats! Also just curious: net worth or portfolio value?

Portfolio. But networth is about the same as the equity on our house equals the debt and we have no other debt.
by Streptococcus
Thu Jan 05, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

Re: 500K milestone celebration

weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
by Streptococcus
Thu Jan 05, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8114

500K milestone celebration

I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years. Thank you so much for all your inspiration, advices and guidance. Next milestone, seven figure before...
by Streptococcus
Mon Dec 12, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: My tax saving strategy
Replies: 7
Views: 1744

Re: My tax saving strategy

If I add my 403b+ my wife 403b + our HSA + my wife 457b + my 457b = $92750 in tax deferral, which would basically save us a lot of $$$$ How much taxable account saving are you doing now? Dropping your problematical non-gov 457b tax deferral would leave you with a $74750 tax deferral, still a lot of...
by Streptococcus
Mon Dec 12, 2016 9:12 am
Forum: Investing - Help with Personal Investments
Topic: My tax saving strategy
Replies: 7
Views: 1744

Re: My tax saving strategy

I would look a little more into 457b accounts, specifically regarding the differences between governmental and non-governmental variants. Using the governmental 457b is a no-brainer, presuming you have the ability to contribute and the investing options are good. You need to look at the plan docume...
by Streptococcus
Sun Dec 11, 2016 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: My tax saving strategy
Replies: 7
Views: 1744

Re: My tax saving strategy

Perhaps a moot point now, but are you sure that "had to be distributed within 5 years upon leaving employment" means what you think it does? I assume that just means you'd have to roll it over into an IRA and continue to defer taxes until RMD requirement at 70 1/2. Was that not the case? ...
by Streptococcus
Sun Dec 11, 2016 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: My tax saving strategy
Replies: 7
Views: 1744

My tax saving strategy

Hello bogleheads, As the new year approaches, I'm currently doing my financial planning for 2017. I'd like you guys to weigh in on our 457 (my wife's and mine): We both max out out 403b for a total of (30K+20K=50K) - the total includes the companies matches We also max our HSA ($ 6750) The main ques...
by Streptococcus
Sat Jan 16, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: [New Member] Picking a stock
Replies: 28
Views: 2364

Re: [New Member] Picking a stock

Op, I'm with you. Pick a stock or two and have at it. Don't listen to the bashing comments above. I get you. You seem to understand the risk, but you want to have fun with your first money at the eventual cost of losing it. Big deal. Go for it. I don't do single stocks myself and I don't play with m...
by Streptococcus
Mon Aug 24, 2015 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with a sell off as a young investor
Replies: 13
Views: 1549

Re: Dealing with a sell off as a young investor

I sell VTIAX and buy VFWAX. Then after 3-4 months, I buy VTIAX back. I prefer reinvesting the money as soon as I can instead of waiting 30 days.
by Streptococcus
Mon Aug 24, 2015 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with a sell off as a young investor
Replies: 13
Views: 1549

Re: Dealing with a sell off as a young investor

Did it yesterday. After today's drop, I may have some more TLH opportunities though.
by Streptococcus
Mon Aug 24, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with a sell off as a young investor
Replies: 13
Views: 1549

Dealing with a sell off as a young investor

I'm an unexperienced, untested investor. In fact, having started to invest in 2011, I'm experiencing the biggest loss my portfolio has endured so far (several tens of thousands) (50% of my stocks are international). The market may keep going down, and we may end up in a bear market, or we may not. I...
by Streptococcus
Sat Aug 15, 2015 10:18 am
Forum: Investing - Help with Personal Investments
Topic: College savings
Replies: 40
Views: 3326

Re: College savings

... So my plan is to save some (up to 100k for all 3 kids) and in 10 years when its college time, save less for retirement and pay the tuitions with our salary. Disclaimer: yes, I plan on paying my kids college education, plus, in 10-12 years, when its college time, my retirement goals will likely ...
by Streptococcus
Fri Aug 14, 2015 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: College savings
Replies: 40
Views: 3326

Re: College savings

Thanks for your replies. It feels good to see that I am not the only one who thinks that the current situation is nuts and unsustainable. Having a good income, I bet on the fact that if needed, I could be able to pay for my kids colleges (3 kids will go to college within 2 years) with our salary. Th...
by Streptococcus
Fri Aug 14, 2015 11:55 am
Forum: Investing - Help with Personal Investments
Topic: College savings
Replies: 40
Views: 3326

College savings

Good morning, I often read posts from other bogleheads who save 150-200k per child for college. I find those numbers kind of really too high Am I in the minority? Do you guys all save those numbers for your kids education? I have 3 kids who will go to college in 10-12 years and my plan has been to s...
by Streptococcus
Sun Mar 22, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: How is VTIAX performing? [Vanguard Total International Stock]
Replies: 54
Views: 13199

Re: How is VTIAX performing?

I have invested in the Vanguard Total International Stock fund for about 5 years now. It seems to be not performing to my expectations. I am not an experienced investor so I am looking for some advice. I have about 20% of my stock allocation in this fund. Are there other Vanguard or competitors fun...
by Streptococcus
Tue Jan 20, 2015 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year fixed mortgage vs ARM 5 1
Replies: 4
Views: 810

Re: 15 year fixed mortgage vs ARM 5 1

I agree with BL that the rates seem pretty high. Bankrate currently has a 15 year refinance at 2.98%. Especially when you factor the closing costs (unless the costs are simply prefunding your escrow which i suspect might be the case). But to the point of the question. I personally do not see the be...
by Streptococcus
Tue Jan 20, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year fixed mortgage vs ARM 5 1
Replies: 4
Views: 810

15 year fixed mortgage vs ARM 5 1

Hello bogleheads, I'm refinancing my mortgage in order to get rid of my mortgage insurance. The initial mortgage was 285K and the current balance is 231K. It was a 15 year fixed at 3.75% with a monthly payment of $ 2621.95. (including state taxes) Closing costs are $2500 There are 2 refinancing opti...
by Streptococcus
Tue Jan 06, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 1272

Re: should I refinance?

I found a bank that can give me an ARM 5:1 at 2.8%; do you think that would be a good option for me if I plan on leaving the house within the next 5 years? It can only be a 30year mortgage and after that the rate would increase by a maximum of 5% over the duration of the mortgage. I'm pretty sure, u...
by Streptococcus
Wed Dec 31, 2014 9:56 am
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 1272

Re: should I refinance?

The original mortgage was 285K and I have 12 years left on it; monthly payments 2192.86 that includes the PMI 98.12 The new mortgage would be 233K, for 15 years, no PMI with a monthly payment of 1698.2 I think that the payment is much lower not because of the lower interest rate, which is only 0.25%...
by Streptococcus
Wed Dec 31, 2014 12:05 am
Forum: Personal Finance (Not Investing)
Topic: should I refinance?
Replies: 5
Views: 1272

should I refinance?

Hello Bogleheads, Should I refinance my mortgage? here are the numbers: 1. current mortgage: - 15 year FHA fixed rate; - remaining duration of the mortgage: 12 years - interest 3.75% - monthly payment: $2192.86; that includes the mortgage insurance of $98.12 The refinanced mortgage would have the fo...
by Streptococcus
Mon Dec 08, 2014 9:54 am
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 11499

Re: High(ish) earner; spending too much?

I'm going to be a contrarian. I think you are doing great (I too had nothing when I was 32) but you could do much better. It is true that saving 30% of your income is a good rate. But to me, a family of 2 (I assume) who makes makes 400K, and is decades away from retirement should save more than it s...
by Streptococcus
Sun Dec 07, 2014 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 14318

Re: Life changing decision... advice needed!

Hi, Glad that you have received so many thoughtful replies. The following story pretty much describes my life, except fishing is not my passion (I'm an engineer who loves to learn and build new stuff): http://bemorewithless.com/the-story-of-the-mexican-fisherman/ For me, financial independence was ...
by Streptococcus
Fri Dec 05, 2014 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 14318

Re: Life changing decision... advice needed!

Bogleheads, Thank you for the many many advices that you posted me. I so truly appreciated them and they were of enormous help. In the end, I decided to forgo the fellowship option and embrace the status quo. Here is the reasoning: 1. After a few years of building the practice, now that I am cruisin...
by Streptococcus
Thu Dec 04, 2014 10:56 am
Forum: Investing - Theory, News & General
Topic: European underperformance - here to stay?
Replies: 32
Views: 3322

Re: European underperformance - here to stay?

My AA puts me at 50% international stocks. So I have not captured the record high returns that an investor with... say 100% US stocks is capturing. Despite some "experts" are forecasting decades of Europe underperformance, I actually feel really good about buying into Europe, and internati...
by Streptococcus
Tue Dec 02, 2014 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 1092

Re: Make an Efund/college fund mix

This is what I think about Efund; please feel free to sermon me if you see fit. #1 Efund should not be based on living expenses but on the e-situation Say your household has $3000/month living expenses and you get laid off. Being this an emergency situation, common sense would require you to cut/su...
by Streptococcus
Tue Dec 02, 2014 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 1092

Re: Make an Efund/college fund mix

I have some stocks in a 529, but I mainly use Ibonds for this strategy. You can accumulate 5K, 10K, up to 20K a year in Ibonds starting when your kids are younger; this strategy has a lot of advantages; it is cash after a year, keeps up with inflation, there is no risk to lose money, you can use it ...
by Streptococcus
Tue Dec 02, 2014 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 14318

Re: Life changing decision... advice needed!

Streptococcus ... The grass is usually NOT greener on the other side. I would suggest you think it through thoroughly before making a jump. I can empathize with your situation as at mid career I too considered going back and doing an additional sub-specialty residency. In my case, after a decade as...
by Streptococcus
Mon Dec 01, 2014 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Dynamics on Finance
Replies: 59
Views: 8697

Re: Spousal Dynamics on Finance

#2 we both care, but I do all the planning and execution; I'm also more knowledgeable; we discuss everything and always agree. But if I were to miss my spouse would step up and be just fine.
by Streptococcus
Mon Dec 01, 2014 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 1092

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Mon Dec 01, 2014 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Make an Efund/college fund mix
Replies: 11
Views: 1092

Re: Make an Efund/college fund mix

# 6-12 months e-fund is an overkill Not really, unemployment periods are happening for longer periods for more people. Many people here subscribe to a tiered emergency fund approach. E.g. tier 1 cash (1-2 months), tier 2 (short term bonds, I bonds after 1st year) etc. there are lots of posts on thi...
by Streptococcus
Sun Nov 30, 2014 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advice needed!
Replies: 93
Views: 14318

Re: Life changing decision... advice needed!

Does Fellowship Pay: What Is the Long-term Financial Impact of Subspecialty Training in Pediatrics? http://pediatrics.aappublications.org/content/127/2/254.full I hope that you have read the above article. Best of luck in making the decision! I did read it a few years ago. Nice publication. It main...