Search found 297 matches

by ArmchairArchitect
Mon Mar 09, 2020 9:22 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 4857
Views: 176906

Re: Bogleheads community discussion - Coronavirus

Iran and Italy are not good studies for what would happen in the US. Iran is obvious, but also Italy is pretty much a "1.5 world" country rather than a first world country as far as economy, government efficiency, quality of healthcare, etc. South Korea or Japan are probably the best studies right n...
by ArmchairArchitect
Sun Mar 08, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3694
Views: 261407

Re: Coronavirus and the market

This alone is worthwhile. When you don’t do this the CFR rises as we’ve seen in Wuhan. It is not “just like the flu” in impact, economic or human. That’s the point. So we know to start social distancing and other policies at a greater level than the normal flu. The markets will go down as a result ...
by ArmchairArchitect
Sun Mar 08, 2020 10:03 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 4857
Views: 176906

Re: Coronavirus and the market

This alone is worthwhile. When you don’t do this the CFR rises as we’ve seen in Wuhan. It is not “just like the flu” in impact, economic or human. That’s the point. So we know to start social distancing and other policies at a greater level than the normal flu. The markets will go down as a result ...
by ArmchairArchitect
Sat Feb 29, 2020 10:07 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3694
Views: 261407

Re: Coronavirus and the market

Post-Coronavirus manufacturing numbers from China posted last night . Unfortunately worst numbers since 2008 if I am reading it correctly. Looks like the market will be responding to this next week too. Already expected, and priced into the market. Also, focus on US numbers, not China's. Many US co...
by ArmchairArchitect
Fri Feb 28, 2020 4:50 pm
Forum: Investing - Theory, News & General
Topic: How will banks profit from making 30 year fixed rate mortgages?
Replies: 38
Views: 3282

Re: How will banks profit from making 30 year fixed rate mortgages?

The loans in the aggregate aren't held for 30 years.

The average amount of time homeowners remain in a home is 8 years.

Source: https://ipropertymanagement.com/researc ... eownership
by ArmchairArchitect
Thu Feb 27, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3694
Views: 261407

Re: Coronavirus and the market

In a year and a half to two years there will be a vaccine. The whole thing will be cleared up within 3 years. A vaccine has already been developed and is going to clinical trials: http://archive.vn/H45i9 "Public-health authorities say advances in vaccine technology, aided by government and private ...
by ArmchairArchitect
Thu Feb 27, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18080
Views: 2550344

Re: U.S. stocks in free fall

1) Vaccine will most likely be found in following months; Please tell me why my logic is faulty, it might as well be. I don't know where some are getting their information. We are being told by health professionals that it will take a year or more to find a vaccine, then who knows how long to mass ...
by ArmchairArchitect
Tue Feb 25, 2020 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 272
Views: 37208

Re: 30 year mortgage under 3%

I've always used Zillow's mortgage/refinance marketplace to get tons of customized rate quotes all at once, then sort by APR:
https://www.zillow.com/refinance/#/

Just make sure to pick a company with stellar reviews.
by ArmchairArchitect
Thu Feb 13, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 26465

Re: Protection Against Home Intruders

- Simplisafe or Ring Home Security system ($15/mo and $10/mo respectively). Our Simplisafe system came with little "remotes" that we keep next to our bed (one on each side for me and my wife), with a panic button which dispatches police that same way that triggering the alarm would. - Security camer...
by ArmchairArchitect
Thu Feb 06, 2020 1:11 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

I think in Chicago area our water is relatively "hard" which prolongs the life of water heaters yes? I was all ready to replace my anode rods back in 2014 when the heaters were about 10yrs old. Couldn't budge them even with some cheater bar and help from my Dad. We gave up in the end rather than ri...
by ArmchairArchitect
Mon Feb 03, 2020 3:50 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

Bradford White water heaters are the best (for the plumber). As a consumer, I avoid them. That is my conclusion too - there is no other excuse for intentionally making required maintenance more difficult. Unfortunately I agree. And plumbers are in on Bradford White's game as they all seem to recomm...
by ArmchairArchitect
Sun Feb 02, 2020 9:59 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

I looked into this a few years ago. Anode rod replacement seems to be dependent on geography. Around where I live the hardware stores don’t even sell anode rods, and a local master plumber told me that this wasn’t necessary. So just because you can't get a specialty part locally means you can't obt...
by ArmchairArchitect
Sun Feb 02, 2020 4:43 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

quantAndHold wrote:
Sun Feb 02, 2020 4:07 pm
So if the hot water heater is 15+ years old with no maintenance in the meantime, should I still do this, or am I asking for trouble?

Asking for a friend...
Still do it, you'll extend the life of your water heater because the anode rod helps prevent further corrosion of the inside of your tank.
by ArmchairArchitect
Sun Feb 02, 2020 1:59 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

Not really an easy DIY job if you have a Bradford White WH like many of us do. The anode rod in a Bradford White water heater is located at the hot water outlet of your tank. Unfortunately, it is not easily accessible. You must remove the hot water outlet to access it. Yeah ours is a Bradford White...
by ArmchairArchitect
Sun Feb 02, 2020 12:40 pm
Forum: Personal Consumer Issues
Topic: What's the difference between Uber and Lyft?
Replies: 63
Views: 5249

Re: What's the difference between Uber and Lyft?

I would just get the cheaper one. Whenever I've been in cities with more than one ride-sharing app, I just search for prices on both and then take the cheaper one. Especially if it's just one or two of you, it really shouldn't matter. I've noticed that depending on the city some apps have better co...
by ArmchairArchitect
Sun Feb 02, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Whole house humidifier/purifier
Replies: 3
Views: 572

Re: Whole house humidifier/purifier

I'm in the process of installing an Aprilaire unit in our home- pretty much the gold standard for whole house humidifiers, after doing a ton of research. You can buy them on Amazon. It works with forced air/ducted heating systems. Besides health benefits, here are others: - Your heating costs will b...
by ArmchairArchitect
Sun Feb 02, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

Pretty easy DIY job as well. Only if the old rod breaks loose easily. On mine it was frozen and required serious effort to hold the water heater and keep it from turning while putting 200+ ft-lb on the rod. This was after an air impact wrench failed to break it loose. Yeah mine was stuck on really ...
by ArmchairArchitect
Sun Feb 02, 2020 12:28 pm
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

Re: PSA: Replace the anode rod on your water heater every few years to prolong its life.

Another thread on here prompted me to create this thread. The anode rod is a sacrificial rod that is inside every water heater and is designed to corrode from minerals in the water, to prevent the tank itself from corroding. Most people don't know what this is, and that it needs to be done, but doi...
by ArmchairArchitect
Sun Feb 02, 2020 10:47 am
Forum: Personal Consumer Issues
Topic: PSA: Replace the anode rod on your water heater every few years to prolong its life.
Replies: 83
Views: 6771

PSA: Replace the anode rod on your water heater every few years to prolong its life.

Another thread on here prompted me to create this thread. The anode rod is a sacrificial rod that is inside every water heater and is designed to corrode from minerals in the water, to prevent the tank itself from corroding. Most people don't know what this is, and that it needs to be done, but doin...
by ArmchairArchitect
Sun Feb 02, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1438
Views: 165398

Re: What frugal thing did you do today?

Replaced the anode rod on our water heater (maintenance that needs to be done on every water heater every few years).

Didn't have to pay someone to do it, but more importantly, greatly prolongs the life of water heaters.
by ArmchairArchitect
Wed Dec 11, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 9362

Re: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefi

OP is looking for certain "key benefits," so although the Bank of America, PayPal, State Department Federal Credit Union, Fidelity, and PenFed cards all earn 2% or more, none of those cards have the "key benefits" that used to exist on the Citi Double Cash card. If those missing "key benefits" ceas...
by ArmchairArchitect
Tue Dec 10, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 9362

What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?

Have had the Citi Double Cash card for years (2% cash back, no annual fee) but looking to switch now that Citi has removed most travel and shopping protections: https://thepointsguy.com/news/citi-removes-travel-shopping-protections/ What's the inventory of cards that offer 2% cash back on ALL purcha...
by ArmchairArchitect
Wed Nov 13, 2019 2:29 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16098

Re: Spend It All vs. Leave $$ for the Kids

Spend as much as you want, and leave the rest to charity. The problem with inheritances is that they create an unlevel playing field in society (which is unearned by the beneficiaries to the detriment of those that don't have the same). This is why I respect "new money" instead of "old money" people...
by ArmchairArchitect
Sat Nov 09, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 8444

Re: Do you charge your employer for the time that you spend working on your off days?

Unless it's urgent, I would not respond until at least end of day, if not at the end of the vacation. Sad that you have to, but make up some excuse that your wife was getting mad that you were checking/responding to work messages during a family vacation.
by ArmchairArchitect
Thu Oct 31, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 857
Views: 90811

Re: Why are you NOT buying rental properties?

OP, I haven't read all 14 pages so not sure if someone mentioned this already, but: Your math is a bit off. First of all, your sunk closing costs on purchase are going to be an average of 3.5%. And on selling, 6% (real estate commission, transfer taxes, recording fees, etc.). That's literally $62,00...
by ArmchairArchitect
Sat Aug 31, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1748

Re: Lender Release fees of $75 for Mortgage Payoff, Advice?

Since they refused to remove the fee and would hold the lien hostage preventing the house sale if I didn't pay it, I'll pay it for now, but may contact some class action attorneys to see what they think regarding whether they are truly a 3rd party or not. At this point, I'm looking out for others.
by ArmchairArchitect
Thu Aug 29, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1748

Re: Lender Release fees of $75 for Mortgage Payoff, Advice?

H-Town wrote:
Thu Aug 29, 2019 12:41 pm
It's only $75. I would chalk it up as Selling Expense and move on.
I'm a man of principle. $75 x thousands (millions?) of customers being fleeced is a huge chunk of change.
by ArmchairArchitect
Thu Aug 29, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1748

Re: Lender Processing/Release fees of $300 for Mortgage Payoff, Advice?

With respect to the $75 fee, the language authorizes it only if paid to a third party. Typically lenders fill out the blanks on a deed of release themselves as that has been held not to constitute the practice of law, but they can't charge a fee for it since charging a separate fee for filling out ...
by ArmchairArchitect
Thu Aug 22, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1748

Re: Lender Processing/Release fees of $300 for Mortgage Payoff, Advice?

Any advice on getting these removed? I don't buy the argument that these are "customary" fees. Either I specifically agreed to these fees or I didn't- and I didn't. That seems oddly phrased. When would you have had the opportunity to agree or disagree with the charges if they are just now telling y...
by ArmchairArchitect
Thu Aug 22, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lender Release fees of $75 for Mortgage Payoff, Advice?
Replies: 19
Views: 1748

Lender Release fees of $75 for Mortgage Payoff, Advice?

I'm about to close on the sale of my home in less than two weeks and requested a payoff statement from my lender (Provident Funding- it was originally with another lender then sold to them). Much to my surprise, I found a $225 recording fee and $75 release fee on the payoff statement, totaling $300....
by ArmchairArchitect
Wed May 08, 2019 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: House selling - modern norms
Replies: 36
Views: 5785

Re: House selling - modern norms

Redfin or Houwzer for full service brokerages that only charge 3.5% - 4% commission (Redfin) or $5000+3% commission (Houwzer).

Used Redfin on both buy and sell side, very pleased.
by ArmchairArchitect
Mon Feb 25, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Ring Shopping
Replies: 82
Views: 4718

Re: Ring Shopping

Buy the stone at BlueNile.com and have the ring made locally. You'll save a ton. They'll even set the stone for you in the ring. Philadelphia is just two hours away by train or bus from you in NYC, and has the country's oldest diamond district ("Jeweler's Row", tons of shops). Many skilled craftsman...
by ArmchairArchitect
Thu Feb 21, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Exit Strategy for Selling a Primary Residence Turned Investment Property?
Replies: 2
Views: 591

Re: Exit Strategy for Selling a Primary Residence Turned Investment Property?

Here's my financials spreadsheet I maintain for this property: Costs/Expenses/Equity Contributions Annual Expenses Taxes 3700 Insurance 1000 Maintenance/Repairs 2500 Interest Expense (3.875% rate at current loan balance of $168k) 6510 Total Costs 13710 Rental Income 21000 Net Income 7290 Annual Appr...
by ArmchairArchitect
Wed Feb 20, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Exit Strategy for Selling a Primary Residence Turned Investment Property?
Replies: 2
Views: 591

Exit Strategy for Selling a Primary Residence Turned Investment Property?

Hi all- would like opinions on selling/exit strategy for a property I've owned since 2010. Stats: - Originally bought the property for around $200k in 2010. - Current value of the home is somewhere between $325k-$375k. - Been renting it out the past 3 years for around $2,000/mo. Before that it was m...
by ArmchairArchitect
Fri Feb 01, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 911

Re: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

jhfenton wrote:
Fri Feb 01, 2019 12:27 pm
Use M* and Vanguard performance numbers. Yahoo performance numbers typically do not include dividends. They are only price performance.
This must be the correct answer (dividend reinvestment not calculated in the Yahoo Finance stats), thanks!
by ArmchairArchitect
Fri Feb 01, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 911

Re: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

On most fund pages, Vanguard's website let's you click quarter-end or month-end prices, defaulting to the former. Many other sites use daily prices. So the start and end dates for something like trailing 5 year returns will not match. In this case the month end price is the same as the daily price ...
by ArmchairArchitect
Fri Feb 01, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 911

Re: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

livesoft wrote:
Fri Feb 01, 2019 12:16 pm
I don't see how I can be more clear. Please tell me what dates you read on the links you linked.

Also note that "prices" are not performance numbers.

For more performance numbers, see Morningstar.com.
Both sets of performance metrics are from inception through 1/31/19.
by ArmchairArchitect
Fri Feb 01, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 911

Re: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

livesoft wrote:
Fri Feb 01, 2019 12:12 pm
The OP has mis-read what dates the performance numbers apply to.
Please elaborate. Your snarky comment isn't really helpful.
by ArmchairArchitect
Fri Feb 01, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 911

Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

This is making it pretty difficult to pick out funds. Case in point, VEXRX. Year-to-Date, 1 Year, 3 Year, 5 Year, etc. performance is reported VERY differently (as in literally multiple percentage points) between Vanguard and Yahoo Finance (both are prices as of 1/31/19). https://investor.vanguard.c...
by ArmchairArchitect
Mon Jan 28, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?
Replies: 14
Views: 1246

Re: Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?

Elric wrote:
Mon Jan 28, 2019 11:30 am
Also, would you expect them to charge extra fees when they beat the market?
Yes, and they already do. 1%+ is a lot higher (ie. "extra") than than index funds which are just a fraction of that.
by ArmchairArchitect
Mon Jan 28, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?
Replies: 14
Views: 1246

Have you heard of active-managed funds refunding management fees (expense ratio) when they don't beat the S&P 500?

I have some money in Oakmark funds and plan to liquidate them soon (but not quite yet) since they've been under-performing long-term compared to index funds (what a surprise!). My question is, has anyone heard of a customer asking an actively-managed fund to refund management fees (expense ratio) fo...
by ArmchairArchitect
Wed Jan 23, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife
Replies: 65
Views: 3496

Re: Cell Phone Plans - Question Re Best Plan for Combining Husband & Wife

Another vote for Google Fi. Great price and coverage, and no data roaming charges overseas (this is HUGE).

Also calls to Canada are not charged extra.
by ArmchairArchitect
Mon Jan 21, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 3071

Re: What should be the minimum income to consider living in a HCOL?

As a NYC native, I would say absolute minimum $500k/year to live nicely/comfortably.

Left NYC years ago though- MCOL cities are the way to go.
by ArmchairArchitect
Thu Jan 17, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 15718

Re: Gas station prices and quality

As long as the brand meets Top Tier specs, thats all that matters. You can Google which brands meet Top Tier specs, and no, its not a gimmick.
by ArmchairArchitect
Sun Jan 06, 2019 8:28 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 4772

Re: Thoughts on Buying a Ryan Home?

My friend just bought a Ryan home in the Malvern PA area. Poor craftsmanship as they just hire contractors with the lowest bid, cheap materials/finishes, bad customer service, and opportunistic prices for upgrades. Plus all the homes look way too cookie cutter. Buy your own lot, and hire your own ar...
by ArmchairArchitect
Tue Jan 01, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: Corvette vs Cayman/Boxster......anyone owned both?
Replies: 57
Views: 5185

Re: Corvette vs Cayman/Boxster......anyone owned both?

Corvette is the way to go: - better performance at each model/tier (with the exception of the GT2RS and its special Michelin tires). And I dont just mean straight line performance, I mean handling/cornering and road course lap times. - lower maintenance costs/parts costs - Corvette is more easily se...
by ArmchairArchitect
Tue Jan 01, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 9269

Re: Your ideal home size

Pro-tip: it's all about home features, amenities, and architecture rather than size.
by ArmchairArchitect
Wed Nov 28, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Why you might want to reconsider buying a vehicle with direct fuel injection
Replies: 48
Views: 6181

Re: Why you might want to reconsider buying a vehicle with direct fuel injection

Use gas that meets Top Tier specs (cleaner) and a full synthetic oil and you shouldn't have issues. This is the key to preventing carbon deposits in direct fuel injection engines.
by ArmchairArchitect
Mon Nov 19, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 67
Views: 8900

Re: How high can House prices go

Townhomes: All of the downsides of houses and apartments combined into one! Not really: - They are more energy efficient (adjacent homes on both sides to insulate) than detached houses. - Less to maintain than a detached house (again, two less sides of the house to maintain) - No HOA fees like a co...