Search found 766 matches

by chevca
Thu Jan 18, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off House
Replies: 11
Views: 1000

Re: Paying Off House

At 4.25%, I'd probably just pay that down and call it good. That might be a tough number to beat after taxes over 10 years. Or, maybe you beat it... but, by how much? If not by much, was it worth the risk? I'd take the safe 4.25%. It's an individual decision though.
by chevca
Thu Jan 18, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 98
Views: 3803

Re: Short Commute or Nicer House?

I'm obviously in the minority here, but I'm not scared to say. :happy I'd take the nicer, newer house in the burbs. But, I'm a suburbs type of person and like the space and quiet. I don't mind a commute either. Yes, it's frustrating at times. But, most of the time it doesn't bother me. I work in and...
by chevca
Thu Jan 18, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 1872

Re: Take a 401k Loan?

As others are mentioning/hinting/questioning, there's obviously more to the story here than credit utilization causing a drop from 750 to 600. No need to tell the story, OP, but I doubt your credit would just bounce back by paying off the balance. Whatever happened will take a while to repair. So, d...
by chevca
Sat Jan 13, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Pre-approval
Replies: 6
Views: 242

Re: Real Estate Pre-approval

Just to avoid a credit pull?? No, doesn't make sense to me. A seller is more likely to take a safer offer where someone has actual pre-approval from a lender. At least I would.

Unless you are going buy the house for them and pay cash??
by chevca
Tue Jan 09, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3275

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

I don't think it's a myth nor foolish to plan for. Just realize it's not the 1950s anymore, where folks got married, worked the same job for 30-40 years, bought a house, and never moved. The modern world just involves more mobility, job changes, divorces, etc. That all means moving more. Not that it...
by chevca
Mon Jan 08, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Help go from cash to 50/50 AA
Replies: 16
Views: 1328

Re: Help go from cash to 50/50 AA

You're 62, no dependents, make $200k plus a year, own a $1.6M home with just a $200k mortgage, and have a $4M portfolio... have you won the game? If yes, why even go 50/50? Shoot, pay off the mortgage, keep the rest in cash and bonds, and call it good. Or, go 25/75 and leave it be. If you were 60/40...
by chevca
Mon Jan 08, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about finding the best mortgage loan?
Replies: 3
Views: 374

Re: Question about finding the best mortgage loan?

What has been offered for mortgage rates and terms by the local company?
by chevca
Mon Jan 08, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Seeking Getting Started Investment Advice
Replies: 5
Views: 348

Re: Seeking Getting Started Investment Advice

A Traditional or Roth IRA would be a good start. Which would be better depends on your overall situation.
by chevca
Mon Jan 08, 2018 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Anything I can do with my home equity?
Replies: 9
Views: 1404

Re: Anything I can do with my home equity?

If your DTI now is 47%, how is moving to a bigger more expensive home a wise thing to do for you? Seems you might need to downsize, if anything.
by chevca
Sun Jan 07, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2145

Re: Does it make sense to try to "time" a first time home purchase?

Home prices in Los Angeles maybe be back up at 2007-2008 levels, but rents are considerably higher than they were back then. Up to 50% higher in many places. So, on an inflation adjusted basis, homes are a better value today than they were in 2007/8. Very Interesting. Where I am, rents don't seem t...
by chevca
Sun Jan 07, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2145

Re: Does it make sense to try to "time" a first time home purchase?

When the cost of real estate is equal to more than 10 years of savings and investing, it's an expensive lifestyle choice. Buying a house is not like picking out an outfit or even a car. I'm deploying massive amounts of capital relative to my networth and expected lifetime earnings. You are not uniq...
by chevca
Sun Jan 07, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Any mistakes with this portfolio?
Replies: 13
Views: 889

Re: Any mistakes with this portfolio?

Looks like some overlap. The 500 index and the Institutional index are the same thing. But, they may be in different accounts? We need more info to give good advice... how many accounts... what sort of accounts... what funds available? Looks like a good low fee index set up though, so well done ther...
by chevca
Sun Jan 07, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to try to "time" a first time home purchase?
Replies: 48
Views: 2145

Re: Does it make sense to try to "time" a first time home purchase?

This is a funny post, I lived in West LA in 08-11 and thought housing was ridiculous. It's "shot up" since then? Good luck to you. I think timing is fine. In some areas, as mentioned in the previous post, renting probably favors buying, and in many places it's at least very close. As long as rentin...
by chevca
Fri Jan 05, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Loan vs Line of Credit vs Emergency Fund
Replies: 6
Views: 504

Re: 401K Loan vs Line of Credit vs Emergency Fund

A significant purchase that needs to be made and can't wait sounds like an emergency to me. :happy What item needs to be purchased? You aren't mentioning an auto loan, so I assume not a car. Does whatever store offer financing? You could do that and pay it off in a few months. Do you have a credit c...
by chevca
Thu Jan 04, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Higher net worth / lower cash flow - How to Invest
Replies: 23
Views: 2197

Re: Higher net worth / lower cash flow - How to Invest

Op here. Let me pose a similar question I have. I've always read live within your means on bogleheads and various other websites. Based on my $50k 2018 work income (I plan to reinvest all other income) and comfortable net worth, what would you set as a total (property tax, cell phone, gas, car/ hea...
by chevca
Thu Jan 04, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage escrow question
Replies: 14
Views: 841

Re: Another Mortgage escrow question

Well, we may all have to do a little adjusting when we find out how 2018 changes things for us. But, if OP is in large refund status now, they would likely still be in refund status next year. So, yes.

Of course, without their full picture that way we can't say for sure.
by chevca
Thu Jan 04, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage escrow question
Replies: 14
Views: 841

Re: Another Mortgage escrow question

If you have these thousands to prepay your escrow, isn't that money already in your pocket? Why worry about if it's already in savings, or would come back from a little lower mortgage? I'd bet you can prepay the escrow to plus it up. But, the mortgage company likely wouldn't make an adjustment on th...
by chevca
Thu Jan 04, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: First home purchase - credit, and loan rate question
Replies: 4
Views: 425

Re: First home purchase - credit, and loan rate question

I would think, you're worrying over nothing. As mentioned, the mortgage folks go off a different credit score. So, figure the one they see will be about 30 points lower than what you have seen. You're likely solidly in the good range. That will still get you a decent rate. If you can pay cash, well,...
by chevca
Tue Jan 02, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving After 1 year?
Replies: 9
Views: 1068

Re: Moving After 1 year?

Nope, I don't think you'd be crazy to move. What do you and your family want more? It's not always about optimal finances, IMO. If you and your family would feel safer and be happier in the suburb, there's a lot to be said for that. Go for it. You made the renovated house nice for someone else. That...
by chevca
Sat Dec 30, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: 4000% gain utility stock possible?
Replies: 12
Views: 1092

Re: 4000% gain utility stock possible?

Ask why they only put $5000 in this wonderful stock while watching it go up and up over 25 years. :happy
by chevca
Sat Dec 30, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Self made index fund results in buying high and selling low?
Replies: 20
Views: 1117

Re: Self made index fund results in buying high and selling low?

Well, if you're only using the top 20 companies, it's not really an index, right? :happy It would seem that just going to happen if you really wanted to stay true to the top 20. There's going to be some bouncing in and out of what companies make up this last few spots. Why would you do this? It seem...
by chevca
Sat Dec 30, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: 4000% gain utility stock possible?
Replies: 12
Views: 1092

Re: 4000% gain utility stock possible?

Why would you care or want to verify It? :happy

Let it go.
by chevca
Sat Dec 30, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Creative gifting of property
Replies: 28
Views: 2165

Re: Creative gifting of property

This is a little confusing. Is the property a house you co-own with your parents, or just a propert/piece of land?

If you co-own it now, why would you have to split the whole thing in thirds when the folks pass? Your part is your part.
by chevca
Sat Dec 30, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Refinance?
Replies: 2
Views: 326

Re: Refinance?

Well, they're both higher rates. It's tough to make a case for refinancing to a higher interest rate. What's your reason for wanting this? Is the monthly payment now too much? Especially going to a 30 year... that will save you money monthly, but will cost quite a bit more in total interest paid. As...
by chevca
Sat Dec 30, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: We bought a house in June, and the ac & furnace system do not work. What should we do?
Replies: 49
Views: 3459

Re: We bought a house in June, and the ac & furnace system do not work. What should we do?

What should you do?.... get it fixed, it's gotta be cold there. ☺ It's your house now and six months in you just found this out. There's no way you could show the prior owner knew it didn't work, you didn't get it inspected nor have it looked at in six months, and it could have gone bad since you ow...
by chevca
Fri Dec 29, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3142

Re: Buying a car advice - what's new since 1994?

>>>> You mean there are carjackers who step in front of a moving vehicle, with the hope that: They walk in a crosswalk forcing you to stop; or a red light. Then the gang runs in from your blind area. If the door is locked they use the baseball bat. The response is to floor it & run down anyone stil...
by chevca
Fri Dec 29, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to average 7% in $1M+ 401K for next 10 years
Replies: 29
Views: 2678

Re: Best way to average 7% in $1M+ 401K for next 10 years

The best way to hope for 7% is to take risk... I.E. lots in stock funds, international, EM, and such. Personally, I wouldn't be comfortable taking lots of risk 10 years from retirement. I'd be thinking more like 60/40, play it safe, save more, and take what you get over 10 years. Just me though. Wha...
by chevca
Fri Dec 29, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 694

Re: Best way to finance a car?

Oh, well that changes things. Taxable accounts, as most always talked about here, doesnt mean 401k, traditional IRA, and things like that.

In that case, I agree with others start saving now and you should be fine when the time comes.
by chevca
Fri Dec 29, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: Long-term cost of ownership: 1996 Honda Civic
Replies: 16
Views: 1382

Re: Long-term cost of ownership: 1996 Honda Civic

Wow, I'm impressed by the amount of record keeping you do!

I would never track all that about my cars though. ☺

Good write up.
by chevca
Fri Dec 29, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to finance a car?
Replies: 17
Views: 694

Re: Best way to finance a car?

You have $500k in taxable and want minimal or preferably no monthly car payment.... Why not take from there and pay cash for the next car??
by chevca
Fri Dec 29, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

I just picked up a 991.2 TTS earlier this year, my first Porsche as well. I daily drive it and absolutely love it. While not conservative from a Bogleheads perspective, it is very conservative from a supercar perspective. Most folks don’t look twice and it’ll run with any of the exotics out there. ...
by chevca
Fri Dec 29, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10575

Re: Suddenly my mortgage doesn't seem that great

I do think it will be interesting to see with low expected returns going forward and the tax benefit of holding a mortgage lessened if more people will choose, or if advice shifts to pay down debt, even low interest rate debt, as a reasonable alternative to investing. I have seen folks say if a mort...
by chevca
Fri Dec 29, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10575

Re: Suddenly my mortgage doesn't seem that great

After reading through these posts I'm pleased to see that our tax code has been greatly simplified with these new changes. Rich :D The supporters of the bill convinced themselves — or want to convince us — that because fewer people will be itemizing that the tax code is simpler. But they are ignori...
by chevca
Fri Dec 29, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: When to Sell House?
Replies: 12
Views: 1290

Re: When to Sell House?

hroshi wrote:
Thu Dec 28, 2017 7:54 pm
My father, on the other hand, thinks that the new tax bill will inject enough money into the economy to keep it going strong for at least another year or two, and is planning to sell next summer.
Whose house is it again?? :wink:

Leave them be. It's their choice to make.
by chevca
Fri Dec 29, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

This of course comes down to the many ways Bogleheads count net worth, but the OP has a net worth of nearly $800k per the basic definition of assets minus liabilities. Does that change anything for some of you? The OP says he would pay the Porsche off a few months after buying it and pay off the hou...
by chevca
Thu Dec 28, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford this house? First time buyer
Replies: 2
Views: 338

Re: Can I afford this house? First time buyer

So, if you put all that down, you're looking at a $170k mortgage on a $100k income. Yes, you can afford that. I also wonder how reliable or set the bonus is. But, assuming it's $10k or so, should be fine either way. I had a very similar mortgage with similar property taxes on a prior house a couple ...
by chevca
Thu Dec 28, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

I have always been a big car guy and have several 60s musclecars in my collection I would never spend 6 figures on a car How much have you spent on your several muscle cars? Is there much of a difference between several cars equaling six figures, or one car equaling six figures? Good question. I ha...
by chevca
Thu Dec 28, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3142

Re: Buying a car advice - what's new since 1994?

the auto-braking when someone walks in front of your car enables carjacking, so I want to override it instantly or just deactivate it, if so equipped. You mean there are carjackers who step in front of a moving vehicle, with the hope that: a) it has auto-braking b) it can detect them and stop the c...
by chevca
Thu Dec 28, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

kayli69 wrote:
Thu Dec 28, 2017 12:48 pm
I have always been a big car guy and have several 60s musclecars in my collection

I would never spend 6 figures on a car
How much have you spent on your several muscle cars? Is there much of a difference between several cars equaling six figures, or one car equaling six figures?
by chevca
Thu Dec 28, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

Since there is a good number of car enthusiasts here with biased opinions, let's try looking at the affordability question another way: Suppose the OP asked us if he should buy his dream watch - a $100,000 Philippe Patek. Would we get as many "Sure, do it! YOLO!" responses? And, if buying a $100,00...
by chevca
Thu Dec 28, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage or keep VWIUX
Replies: 8
Views: 938

Re: Payoff Mortgage or keep VWIUX

Well, you're in a good spot either way being able to pay it off any day. I'm not sure what you're worried about tax wise with a $220k mortgage at 2.5%. You're barely paying any interest on that as is. I doubt you would be affected much at all by any tax changes. Me... I'd pay it off just to be done ...
by chevca
Thu Dec 28, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Buying a car advice - what's new since 1994?
Replies: 43
Views: 3142

Re: Buying a car advice - what's new since 1994?

I don't really want a police CAR, just line items like the wider bucket seat & better drivetrain. One also has a bumper that absorbs better than the required 5 mph. There seem to be several line items that I need to specify to include or exclude whn adding up my OTD price offer. Basically, it sound...
by chevca
Thu Dec 28, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: House purchase considerations
Replies: 33
Views: 2699

Re: House purchase considerations

If you still had the old house in the same neighborhood and taxes changed next year or any year, would you sell just because you don't like the way taxes went?

Buy a house as a lifestyle choice, not a tax choice. Taxes could change who knows how many times over the course of your home ownership.
by chevca
Thu Dec 28, 2017 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage or keep VWIUX
Replies: 8
Views: 938

Re: Payoff Mortgage or keep VWIUX

CaseyK wrote:
Thu Dec 28, 2017 6:58 am
I have 15 year fix rate mortgage at 2.50% and 16 years left.
Umm,..?? :confused

How much $$ left on the mortgage, and how much of your bond side of 60/40 would be taken out by doing this?
by chevca
Wed Dec 27, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Housing values
Replies: 9
Views: 881

Re: Comparing Housing values

These would likely be far apart, right? I don't see taxes being that different in neighboring cities.

Where would you like living better? Personally, I'd look more at that part of it. Saving on taxes, but not liking where you live may be miserable.
by chevca
Wed Dec 27, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10821

Re: Another should i buy my dream porsche thread...

Yes, you can afford it.

No, I wouldn't do it..... But, only because I'm not a Porsche guy. :happy I have two fun cars though, so I vote yes because I have the same problem.

Realize this is not the place to ask this question though. You will get many answers saying, no.

YOLO
by chevca
Wed Dec 27, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: More bonds now to rebalance?
Replies: 12
Views: 1268

Re: More bonds now to rebalance?

With the stock market's rise, the asset allocations made couple of years ago now must be out-of-whack for many. I wonder whether you are now buying more bond funds for rebalancing, in spite of the rising rates? If they had been rebalancing along the way, they wouldn't be out-of-whack, right? :happy...
by chevca
Wed Dec 27, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 4483

Re: The car dealership model needs to die

DW and I actually just bought a new car yesterday, as I needed a new commuter. I don't find the car buying process difficult at all. I emailed two dealerships locally that had a car I was interested in to get their "eprice". One dealership didn't even have a price listed on the site to start, and af...