Search found 824 matches

by remomnyc
Wed Jun 03, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5972
Views: 503657

Re: U.S. stocks continue to soar!

I saw a blurb from Barron's that this current surge is being driven by bears covering shorts, but I couldn't read the article because it is behind a paywall. Who's buying other than the automatic purchases in 401k accounts?
by remomnyc
Tue Jun 02, 2020 10:04 pm
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 112
Views: 6295

Re: Does every one here only have 3 funds in their portfolios?

I aspire to 3-fund, but I have more because my original portfolio manager had me in 10+. I used the dip in March to tax loss harvest and consolidate some. I still have small cap, REIT, and emerging market funds that I eventually want to merge into 3-fund but capital gains have stopped me from doing ...
by remomnyc
Tue Jun 02, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 18
Views: 2157

Re: Should one permanently reduce REITs/RE because of COVID-19?

Not sure how Covid-19 will impact demand for REITs, but I want to permanently reduce my REIT shares because I ultimately want a 3-fund portfolio. The problem is I bought REITs in early 2009, so I have large capital gains. I've been donating them to my DAF in years when I can write off charitable ded...
by remomnyc
Tue Jun 02, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Mother-in-law live rent free in my rental unit
Replies: 21
Views: 2365

Re: Questions about Mother-in-law live rent free in my rental unit

Operate your rental as a rental. Once she moves in, she'll be there forever, and you won't be able to kick her out. You may end up there anyway, but before that, I would have her apply for all benefits that she is entitled to: subsidized housing, rent subsidies, utility assistance, Medicaid, etc. I ...
by remomnyc
Sun May 31, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: Face mask recommendations
Replies: 136
Views: 9221

Re: Face mask recommendations

My family likes the white triple-ply cotton face masks from Customink.com. They are $40 for 10. They are comfortable and wash well. Don't buy the black ones there that are $25 for 12. They stick to your mouth if you talk and shrink in the wash.
by remomnyc
Sat May 30, 2020 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

Update I reached out to the seller directly and told them I could not close due to my unwillingness to undertake a gut reno during the uncertainty of a pandemic. I explained that I had hired a litigation attorney and they were welcome to do the same, but that I would share what I had learned. I expl...
by remomnyc
Fri May 29, 2020 7:49 am
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 1906

Re: Have you been following your IPS?

It appears many Bogleheads have stomachs of steel.
by remomnyc
Thu May 28, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: Dry powder strategy?
Replies: 27
Views: 2536

Re: Dry powder strategy?

I consider my entire fixed income portfolio potential dry powder. Also, I have CDs and Treasuries that mature every 6 mos so I rebalance regularly as those mature. This week I increased my cash/savings from 1x to 2x expenses to avoid selling stocks over the next 2 years. I guess that could be consid...
by remomnyc
Thu May 28, 2020 12:53 pm
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 1906

Have you been following your IPS?

My IPS is 55%/45%, including 1x expenses in cash/savings and rebalancing using 5% bands. In March, as Rome burned, I couldn't wait for the 5% trigger and bought stocks at 20% down and again at 30% down to rebalance. This month, I decided 2x expenses should be my new normal cash holding level. When s...
by remomnyc
Wed May 27, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28921

Re: The axe falls and I am prepared. What's next?

It was said before, but I will reiterate with respect to a new job. If you want to work, you can look around. You can work for peanuts doing something that engages you or ask stupid money for something you may not otherwise want to do. You don't need to work anymore. Enjoy your retirement and be as ...
by remomnyc
Wed May 27, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 41
Views: 2255

Re: How is the Amazon Prime Rewards Visa Signature Card

We got the card last fall because we had to unfreeze our credit for a mortgage anyway, and it is a free card since we already pay for Prime. Since we got it, I started shopping at Whole Foods, lured by the prime specials for meat and produce. I discovered their store brand 365 Everyday has good qual...
by remomnyc
Wed May 27, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 9915

Re: Simple jobs during FATFire?

The easiest way to find part-time work is with companies for whom you've already worked. You can eliminate the parts of your job you hated and just be hired to do the parts you like with control over your time. The last two companies I worked for both wanted to hire me back as an independent contrac...
by remomnyc
Tue May 26, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 143
Views: 12799

Re: Pandemic buys that have improved quality of life?

- Got Spotify for Christmas, pre-pandemic, and Spotify sent us a Google home mini as a gift. The kids use it non-stop to listen to music. - Have a 7-1/4-qt Le Creuset, which is not optimal for bread baking, so we bought a 5-1/2 qt. Wish we had purchased it years ago. - Replaced our round Simple Huma...
by remomnyc
Tue May 26, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 3932

Re: Bogleheads: What is your largest single stock holding? (if any)

I set aside 5% of my 401k (~2% of total portfolio) for gambling/individual stocks. Whenever I made money, I funneled the wins into my index funds so that my gambling fund never exceeded 5%. I used it mostly to buy too big to fail firms that were beaten down at some point it time (Amazon, Bank of Ame...
by remomnyc
Sun May 24, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Two kids, how to divide 529 allocation?
Replies: 11
Views: 1448

Re: Two kids, how to divide 529 allocation?

Our kids are also two years apart. For simplicity sake, we funded the same amount for each child. We will transfer anything left over from child 1 to child 2. If we have to top off child 2, we will do so from taxable.
by remomnyc
Sun May 24, 2020 9:20 am
Forum: Personal Investments
Topic: Asset Allocation Dilemma – Contradicting Historical Data
Replies: 18
Views: 1214

Re: Asset Allocation Dilemma – Contradicting Historical Data

Your asset allocation depends on your willingness, ability and need to take risk. This is what I did. Age 30-50: 80/20 (money I did not need for 20+ years) Age 51: 70/30 (started reducing risk when I reached my #) Age 52: 55/45 (retired) Current plan is to go to 60/40 at around age 60 or 65 and to 7...
by remomnyc
Sun May 24, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 5009

Re: What do people spend money on?

My husband has amazing memories from vacations he took with his parents. When the he and his brother married, those vacations included their families. Traveling around the world with three families can burn through a lot of money quickly. We invite members of my extended family, who otherwise wouldn...
by remomnyc
Wed May 20, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13357

Re: Coronavirus Flight Cancel Thread

I purchased 2 United flights with Chase Ultimate Rewards using points, maybe 30k points for travel in April. I called United, which told me I had to cancel with Chase. After I couldn't get through to Chase, I cancelled with Chase on-line and received an email 3 days later that I would receive a refu...
by remomnyc
Wed May 20, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4626

Re: How did you determine your target savings rate?

I never had a target savings rate, only savings goals. I went to grad school because I was tired of living paycheck to paycheck. My first job afterward gave me my first 401k opportunity, so my first savings target was to max out my 401k. While maxing out my 401k, the next target was to save enough t...
by remomnyc
Tue May 19, 2020 6:33 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 181
Views: 29168

Re: VTSAX or VTWAX over the next 35 years?

For my kids, I only purchase VT (ETF of VTWAX). For me, I choose VTI and VXUS in taxable for equity so I can tax loss harvest. After the March plummet, I tax loss harvested out of VXUS to IXUS.
by remomnyc
Sat May 16, 2020 6:51 am
Forum: Personal Investments
Topic: Buying a house now???
Replies: 6
Views: 1196

Re: Buying a house now???

1) There could be a temporary discount as only those who HAVE to sell will list. Others will wait it out knowing anything offered during the pandemic will sell at a discount. 2) Needing to sell is a big risk. Are you willing to sell below recent market value? Will that impact your ability to buy? Ca...
by remomnyc
Sat May 16, 2020 6:42 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10407

Re: Please tell me I'm not crazy

Listen to your wife. If anything, I think 12 mos is more appropriate if you have 2 kids. The cost of Cobra at my company for a family was $3,800/month. No one I know paid less than $2k/mo for their family Cobra plan when they lost their jobs. If unemployment is +20% and the stock market drops 50% an...
by remomnyc
Fri May 08, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30625

Re: My theory about FIRE

Someone in the thread asked why not do what you love to begin with instead of slogging at the job you hate to RE? I have a friend who loves to bake. She is now retired and spends a lot of her time baking. People want to hire her to bake for them. She demurs. She would hate baking if she had to do it...
by remomnyc
Wed Apr 22, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

I suggest a slightly different approach. Deals are not done until they are closed. Play hardball. The seller has not performed. You need a place to live and they have not delivered. You have big $$ committed. Send a letter from you and your lawyer to the seller and the builder(s) saying you wish to...
by remomnyc
Wed Apr 22, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

I would come up with a price you think is fair given the current climate. As you pointed out, there is no market at the moment, but the real estate market is slow and inefficient anyway. This isn't the stock market where you'll know what is happening at 9:30am. Any seller of NYC real estate should ...
by remomnyc
Wed Apr 22, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

Hmmm. In hindsight, It sounds like it would have been better to put a specified closing date in the purchase agreement and extend by amendment if the estate was not yet ready to deliver clear title. But I am not familiar with the real estate market in NYC and it may have been a seller's market at t...
by remomnyc
Wed Apr 22, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

Since you mentioned that you were ready to close in Oct 2019 but the seller couldn't deliver title since the estate was still in probate, I'm assuming that your contract had a closing date provision with an Oct 2019 closing date. Is that correct? If so was that provision amended with signatures by ...
by remomnyc
Tue Apr 21, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

Remember too this is not going to be as simple as you say "I've decided I want to terminate and my contract says I can and so give me my money back." Seller is going to say NO to releasing the deposit from escrow and the escrow agent is just going to sit on the funds and you might have to sue for i...
by remomnyc
Tue Apr 21, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

HomeStretch wrote:
Tue Apr 21, 2020 5:39 pm
Consider perhaps a 2nd legal review?

Is there a way for you to delay the closing to re-evaluate the situation in two months?
A 2nd review was conducted at same firm.

We will delay the process as long as possible so we can assess the new normal until potentially facing litigation to close.
by remomnyc
Tue Apr 21, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

We've seen plenty of construction projects halted here. (SF Bay Area). I'm surprised that your attorney is saying you can't get out of the contract. Check and see if there's a Force Majeure provision. Is there a financing contingency? No financing contingency. Attorney did a review a few weeks ago ...
by remomnyc
Tue Apr 21, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Re: Another Close or Walk Dilemma

mega317 wrote:
Tue Apr 21, 2020 5:09 pm
100k deposit?? What's the total cost?

Where do you live? The construction project at my house has been completely unaffected. Except by rain :annoyed

Edit Oh I see nyc
$1M purchase and $250k reno.
by remomnyc
Tue Apr 21, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another Close or Walk Dilemma
Replies: 21
Views: 2844

Another Close or Walk Dilemma

We were ready to close in October 2019 on a gut reno apartment purchase. The estate didn’t complete probate until March 2020. Due to Covid-19, there is a stop order on all non-essential construction until mid May. Our lawyer says we don’t have grounds to cancel our contract; however, our damages are...
by remomnyc
Sun Apr 12, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Making offer on a home - jumbo mortgage questions
Replies: 11
Views: 1340

Re: Making offer on a home - jumbo mortgage questions

HEDGEFUNDIE wrote:
Sun Apr 12, 2020 12:37 pm
Get a relationship mortgage with Bank of America.

If you moved $500k into BoA/Merrill accounts, you can get a 10/1 ARM for 2.5%.
+1
Our 10/1 ARM at BOA is 2.25% with a 0.25% reduction to 2.0% for moving $500k. Wells was 2.375% for the same product. Those were the only two I shopped.
by remomnyc
Sun Apr 12, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Where To Put Living Expenses for Next Couple of Years?
Replies: 9
Views: 1563

Re: Where To Put Living Expenses for Next Couple of Years?

I keep one year of living expenses in no penalty CDs and a couple more years in CDs or UST bills or notes.
by remomnyc
Sun Apr 12, 2020 6:44 pm
Forum: Investing - Theory, News & General
Topic: Does anybody have an IPS that says 'I will sell all equities when X happens'?
Replies: 92
Views: 4038

Re: Does anybody have an IPS that says 'I will sell all equities when X happens'?

IPS says to only sell equities to rebalance. No, but I have plans to reduce my fixed income and let my equities glide up starting at age 65 and and to consider purchasing SPIAs or QLACs at 70-1/2.
by remomnyc
Mon Mar 30, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Why use percentage AA with significant assets?
Replies: 109
Views: 5275

Re: Why use percentage AA with significant assets?

My rule is the lesser of 40% in fixed income or 10x expenses, so I have a floor and a ceiling. This is in addition to the 1-2 yrs I keep in cash.
by remomnyc
Wed Mar 18, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18853
Views: 2636094

Re: U.S. stocks in free fall

Was finally able to TLH back to VXUS from VEU (reversing TLH from 12/2018) last week, but yesterday, I did another TLH out of VXUS to IXUS to capture another $57k in tax loss carryforwards. Signed up last night for Disney+/ESPN/Hulu to entertain the kids. (I know there's nothing to watch on ESPN rig...
by remomnyc
Mon Mar 16, 2020 1:50 pm
Forum: Personal Investments
Topic: TLH: Do I need to replace for tlh? Can I just sell
Replies: 10
Views: 502

Re: TLH: Do I need to replace for tlh? Can I just sell

rebellovw wrote:
Mon Mar 16, 2020 8:46 am
That isn't TLH - that is just selling at a loss. Point is to harvest the loss w/o being out of the market. Clearly not TLH and missing the point.
+1. Selling without replacing is selling at a loss. No guarantee that the stock you TLH will be as cheap in 31 days to repurchase.
by remomnyc
Mon Mar 16, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate question with new Fed cut
Replies: 12
Views: 1154

Re: Real Estate question with new Fed cut

If you're moving to a new city, I think your original plan to rent and look around first is sound. Rates aren't going anywhere. Housing prices could go down.
by remomnyc
Mon Mar 16, 2020 8:03 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8150

Re: Who is continuing to buy as planned?

I have automatic contributions to a 529 account to get the state tax deduction that was going 50/50 which I switched to 100% stock. I violated my IPS and sold $50k of bonds before I hit the 5% band to purchase stock. I did some TLH and consolidated to get closer to a 3-fund portfolio now that some o...
by remomnyc
Sun Mar 15, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Is it time to GET OUT?
Replies: 125
Views: 10726

Re: Is it time to GET OUT?

If you think it's time to get out, revisit your asset allocation. I was 40 with an asset allocation of 80/20 when the Great Recession started. My solution was not to look. I was still getting paper statements at the time, and I stacked them up unopened. My 401k investing continued each paycheck. My ...
by remomnyc
Fri Mar 13, 2020 8:07 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 25905

Re: Who is staying course and how are you dealing with net worth going down?

I look at my 12 years of expenses in fixed income and cash, which haven't budged, and it keeps me from freaking over the 6 years of expenses I've lost in my portfolio. I've been able to consolidate closer to a 3-fund portfolio because I was finally able to sell stocks I wanted to sell without huge c...
by remomnyc
Thu Mar 12, 2020 5:55 pm
Forum: Personal Investments
Topic: Markets In Turmoil - Boring Responses
Replies: 65
Views: 5667

Re: Markets In Turmoil - Boring Responses

I've been wanting to move to a 3-fund portfolio, but capital gains prevented me from doing so. This latest market downturn finally gave me an opportunity to TLH and trade various international funds for VXUS. I still have small cap, REIT, and one leftover emerging market fund to trade into VTI or VX...
by remomnyc
Wed Mar 11, 2020 5:56 pm
Forum: Investing - Theory, News & General
Topic: Any 50+ year olds buying?
Replies: 53
Views: 3865

Re: Any 50+ year olds buying?

53 at 55/45. TLH'd today. Funded my annual expenses in January. Sold some bonds this week and set some limit buys that haven't triggered. Will rebalance with dividends and CD maturing in July.
by remomnyc
Wed Mar 11, 2020 4:51 pm
Forum: Investing - Theory, News & General
Topic: Tis The Season To Be Tax-Loss Harvesting
Replies: 22
Views: 2094

Re: Tis The Season To Be Tax-Loss Harvesting

Tis true. I was finally able to TLH back into VXUS (Vanguard Int'l), which I had TLH'd out of in December 2018. I was also able to swap out my VGK (Vanguard Europe) for VXUS to get me closer to the holy grail of a 3-fund portfolio without triggering taxes. Making lemonade from lemons.
by remomnyc
Wed Mar 04, 2020 9:29 am
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9626

Re: How Do you Exercise Indoors?

I try not. Unless it's raining, bitterly cold, or excruciatingly hot, I go outside and run, walk or play tennis. For indoors, I have hand weights and exercise bands and do squats, lunges, push ups, and balance exercises.
by remomnyc
Tue Mar 03, 2020 11:11 am
Forum: Investing - Theory, News & General
Topic: My data doesn't match the consensus. What am I missing?
Replies: 44
Views: 2635

Re: My data doesn't match the consensus. What am I missing?

Yes, breaking up is hard to do. Tell him it's you, not him. Don't waste time trying to justify yourself. In the end, it doesn't matter if your advisor got lucky or not. Just tell him that you're ready to manage your money on your own. You either believe in passive investing or you don't. If you do, ...
by remomnyc
Sat Feb 29, 2020 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 450
Views: 65516

Re: Relationship mortgage discounts for moving a million assets

I'm an existing Merrill Edge/BoA customer. BoA 10/1 ARM, 2.25% with 0.961% upfront. 25-bp reduction to 2.0% for moving $500k. $900 bonus if +$200k in IRA funds. $600 closing credit.
by remomnyc
Fri Feb 28, 2020 11:35 pm
Forum: Personal Investments
Topic: New retiree perspective during Corona Crash
Replies: 57
Views: 7027

Re: New retiree perspective during Corona Crash

Retired mid 2018 at 55/45. Took cash for my annual expenses in January. Portfolio is down $250k from peak this year and back to its mid 2018 level at 57/43. I rebalance when I take cash and when CDs mature. Not sure if the world is going to end. Just waiting for my 5% bands to be triggered or a TLH ...
by remomnyc
Fri Feb 28, 2020 11:23 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing strategy during a market drawdown
Replies: 58
Views: 4007

Re: Rebalancing strategy during a market drawdown

I have 5% bands, and as we've established in this post, it takes a lot of movement to require rebalancing. Watching the market decline, I've been itching to do something, but my bands have not been triggered. I am thinking of changing my IPS to the lesser of 5% bands or a dollar amount. During a ma...