Search found 159 matches

by tbone555
Thu Aug 13, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

anon_investor wrote:
Thu Aug 13, 2020 8:59 am
simplesimon wrote:
Thu Aug 13, 2020 8:38 am
jimmyrules712 wrote:
Thu Aug 13, 2020 8:34 am
Any guesses if this fee will show up on LEs going forward?
I'm 99% certain it will.
The free ride couldn't last forever...
It was a close call for me, but looks like I got luck locking in 2.625% at $400 closing cost.
by tbone555
Mon Aug 10, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

I closed with Better late July: 3%, 30- year; no-cost with $2500 Amex deal. Locking today with Lowrates.com: 2.625%; 30-year; $400 to close assuming I can use Radian Settlement again and appraosal is waived again. 4-month pay back. I figure this is close enough to no-cost to grab this lower rate. B...
by tbone555
Mon Aug 10, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

I closed with Better late July: 3%, 30- year; no-cost with $2500 Amex deal. Locking today with Lowrates.com: 2.625%; 30-year; $400 to close assuming I can use Radian Settlement again and appraosal is waived again. 4-month pay back. I figure this is close enough to no-cost to grab this lower rate. B...
by tbone555
Mon Aug 10, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

I closed with Better late July: 3%, 30- year; no-cost with $2500 Amex deal.

Locking today with Lowrates.com: 2.625%; 30-year; $400 to close assuming I can use Radian Settlement again and appraosal is waived again. 4-month pay back. I figure this is close enough to no-cost to grab this lower rate.
by tbone555
Thu Jul 23, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Do blame them? I believe there is a waiting period after you refi, if you refi before that waiting period the bank/lender can be hit with a penalty. I don't blame him, but is this really my problem. That's the way the system is set up. I'm not breaking any laws. All true, so why post the exchange b...
by tbone555
Thu Jul 23, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Just closed with Better two days ago 3% 30-year. Apply with LenderFi today and had this exchange with the Loan Officer: Him: You literally JUST closed your loan and you’re looking to refinance? Why would you close and do this? You’re going to cost that other bank $8,000+ in penalties for doing that...
by tbone555
Thu Jul 23, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

I just realized that I started filling out the LenderFi application a few days before my Better closing. Maybe this is why he was annoyed with me.
by tbone555
Thu Jul 23, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Just closed with Better two days ago 3% 30-year. Apply with LenderFi today and had this exchange with the Loan Officer: Him: You literally JUST closed your loan and you’re looking to refinance? Why would you close and do this? You’re going to cost that other bank $8,000+ in penalties for doing that...
by tbone555
Thu Jul 23, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Do blame them? I believe there is a waiting period after you refi, if you refi before that waiting period the bank/lender can be hit with a penalty. I don't blame him, but is this really my problem. That's the way the system is set up. I'm not breaking any laws. Meanwhile, I refi’d with one lender ...
by tbone555
Thu Jul 23, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Just closed with Better two days ago 3% 30-year. Apply with LenderFi today and had this exchange with the Loan Officer: Him: You literally JUST closed your loan and you’re looking to refinance? Why would you close and do this? You’re going to cost that other bank $8,000+ in penalties for doing that...
by tbone555
Thu Jul 23, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Just closed with Better two days ago 3% 30-year. Apply with LenderFi today and had this exchange with the Loan Officer: Him: You literally JUST closed your loan and you’re looking to refinance? Why would you close and do this? You’re going to cost that other bank $8,000+ in penalties for doing that ...
by tbone555
Wed Jul 22, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Loancabin.com is showing me 2.375% 30-year. I'm going to fill out the application and see if I can get a loan estimate.

Do I need to wait for my new loan is actually funded before I start a new refi application?
.
by tbone555
Wed Jul 22, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Closed yesterday with Better. 3% 30-year with Amex deal. Closing was smooth. I never interacted directly with the title company. Better closing agent was excellent and everything went smoothly. It appears I could have negotiated harder for a lower rate. No worry, I will refinance again soon if I can...
by tbone555
Tue Jul 14, 2020 11:57 am
Forum: Personal Investments
Topic: Lump Sum -or- DCA approach always petrifies me
Replies: 47
Views: 2341

Re: Lump Sum -or- DCA approach always petrifies me

I disagree. I think it is worth understanding why one is choosing to DCA over lump sum even though it is sub-optimal in terms of expected returns.

But let's a agree to disagree and move on.
by tbone555
Tue Jul 14, 2020 11:15 am
Forum: Personal Investments
Topic: Lump Sum -or- DCA approach always petrifies me
Replies: 47
Views: 2341

Re: Lump Sum -or- DCA approach always petrifies me

I have a boat-load of money from an inheritance that I want to invest. My preference would be to just load the whole thing into a 2-fund strategy but I just can't pull the trigger. The market just seems so top heavy to me, but waiting for a pullback seems futile. I know, I know, don't try to time t...
by tbone555
Tue Jul 14, 2020 9:53 am
Forum: Personal Investments
Topic: Lump Sum -or- DCA approach always petrifies me
Replies: 47
Views: 2341

Re: Lump Sum -or- DCA approach always petrifies me

I have a boat-load of money from an inheritance that I want to invest. My preference would be to just load the whole thing into a 2-fund strategy but I just can't pull the trigger. The market just seems so top heavy to me, but waiting for a pullback seems futile. I know, I know, don't try to time t...
by tbone555
Thu Jul 09, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Let’s say, if the loan officer asked me how much do you want the loan to be. If I said $327,000.no cost. And then payoff was $326,500. Does that mean I bring $0 dollars to the table and they refund me $500.. then my new loan will be $327,000? Or would they adjust my new loan to $326,500 to match my...
by tbone555
Thu Jul 09, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Let’s say, if the loan officer asked me how much do you want the loan to be. If I said $327,000.no cost. And then payoff was $326,500. Does that mean I bring $0 dollars to the table and they refund me $500.. then my new loan will be $327,000? Or would they adjust my new loan to $326,500 to match my...
by tbone555
Mon Jul 06, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: The case for investing NOW
Replies: 11
Views: 1444

Re: The case for investing NOW

What the article tells me is that Bob only invested at the market highs, and he still accumulated $1.1 M over the 40 years. That is because the market over time has moved up with increased share prices, and dividends reinvested. However, if he had made those same contributions on a regular annual b...
by tbone555
Mon Jul 06, 2020 1:49 pm
Forum: Personal Investments
Topic: HSA rollover
Replies: 1
Views: 193

Re: HSA rollover

My employer switched plans from health equity to hsa bank and I elected to not roll over the funds in it at the time since it seemed like a good chance to get that money into a fidelity account. It sounds like the normal roll over process of them mailing a check to fidelity takes several weeks. It ...
by tbone555
Thu Jul 02, 2020 12:13 pm
Forum: Personal Investments
Topic: Should I change asset allocation to feel less anxiety
Replies: 54
Views: 3649

Re: How to invest new money during this time / Should I change asset allocation

Bogleheads will jump all over you for being a “market timer.” It is apparently the worst thing a doctrinaire BH can call you. I suggest you reframe it as “increasing your Emergency Fund.” Actually this is not true. The OP is asking a reasonable question about his ability to take risk and the nuance...
by tbone555
Fri Jun 26, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

LenderFi just quoted me 7k to close, they say because I'm in Texas. Seems insane to me, it's for a primary residence 30 year at 2.75. Gonna see what better can do. LoanFlight is offering me 2.75% with only title fees for costs. I am locked at 3% with Better so not sure what my next move is... LoanF...
by tbone555
Fri Jun 26, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

mx711yam wrote:
Fri Jun 26, 2020 12:02 pm
LenderFi just quoted me 7k to close, they say because I'm in Texas. Seems insane to me, it's for a primary residence 30 year at 2.75.

Gonna see what better can do.
LoanFlight is offering me 2.75% with only title fees for costs. I am locked at 3% with Better so not sure what my next move is...
by tbone555
Fri Jun 26, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.pwlcapital.com/wp-content/uploads/2020/06/Dollar-Cost-Averaging-vs-Lump-Sum-Investing.pdf&ved=2ahUKEwirvInK95_qAhUyg3IEHW63BZoQFjAEegQIARAB&usg=AOvVaw29DLNoRqt94IdoERwmxOaJ This is a very recent paper by Ben Felix that is worth reading...
by tbone555
Thu Jun 25, 2020 8:52 am
Forum: Personal Consumer Issues
Topic: Under deck patio options
Replies: 8
Views: 501

Re: Under deck patio options

Hello, We have about 500 sq ft of space under our deck which currently has grass. I want to convert it into a patio and looking at the following options. We eventually would like to convert it into a screened in porch in the future. Right now we are looking to improve the look of our deck and use i...
by tbone555
Tue Jun 23, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: HSABank changing terms about account minimums?
Replies: 55
Views: 3982

Re: HSABank changing terms about account minimums?

What's the difference between a transfer and a rollover in this case? I've noticed my latest payroll contribution cannot be transferred to TDA and saw some posters that they were charged at $10 check distribution fee. I'm content with using TDA and leaving that as is, even if I can't contribute mor...
by tbone555
Tue Jun 23, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: When to change refinance lender?
Replies: 1
Views: 218

Re: When to change refinance lender?

Good evening! At what point should one give up on a refinance lender being able to complete/close a refinance? We are/have been in the process of refinancing our SFH since the first week of April with SoFi (Social Financial.) I went through them because I had a very good experience refinancing my s...
by tbone555
Tue Jun 23, 2020 6:27 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

This argument is veering on the absurd with its absolutes. If you believe the stock market always goes up in the long term and are looking at it from that perspective of volitility and rewards then Lump sum is always better. If you are instead defining risk and volatility in weeks or months then DC...
by tbone555
Mon Jun 22, 2020 3:01 pm
Forum: Personal Investments
Topic: investing anxieties
Replies: 16
Views: 1238

Re: investing anxieties

It's interesting that the OP the exact opposite behavior I've observed in the past. Usually newer investors freeze if the price goes down and chase when it goes up. The buy high sell low mentality. OP, what would you have done if the price dropped $20? Would you have bought more or thought about wa...
by tbone555
Mon Jun 22, 2020 8:29 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

I loosely agree with that interpretation. However, the point of the thread is more so related to the question of what to do with a large lump sum, such as an inheritance. I can also see it with Uncorrelated's perspective. If you're immediately investing all of the money you have available to invest...
by tbone555
Mon Jun 22, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

In the grand scheme, aren't we all just dollar cost averaging whether we want to admit it or not? Most of us do not have the privilege to invest our entire cost basis when we are 20. Most of us worked over a period of 20-40 years gradually adding to that cost basis. Sure in the moment it looks like...
by tbone555
Mon Jun 22, 2020 7:56 am
Forum: Personal Investments
Topic: investing anxieties
Replies: 16
Views: 1238

Re: investing anxieties

hey folks, I entered the market for the very first time about 3 months ago when the market was low...Because of how uncertain everything was I decided to DCA my moneys into 3 portions every 3 months. I invested 30% of my cash in VWRD in March and now my investment plan calls for another 30% in the ...
by tbone555
Sat Jun 20, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
Replies: 64
Views: 3179

Re: Wiki - Dollar cost averaging: Disagreement with basic premise

The problem with DCA is an AA (asset allocation) problem. If someone gets a sum of cash and is uncomfortable investing it into their current AA it means they are uncomfortable with their AA. Doing the DCA game is a mind trick that makes them feel better, but at the end they are back to the same AA ...
by tbone555
Fri Jun 19, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

no-cost at 3.0%, no points (costs ~$1600) for 2.875%, and 0.56 points ($3800 + $1600 costs) for 2.75% What's the extra points for the 2.875 rate? I read it as the 3.0% is negative points to net out at $0 closing costs, 2.875% has no points, leaving all other costs (except prepaids and escrow) at $1...
by tbone555
Fri Jun 19, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

We are refinancing our home, and I'm trying to work out whether to do a no-cost refi or pay points for a lower rate. Situation: Loan would be for ~$670k; LTV ~0.6. FICO 760+. Super-conforming. We're going to be in this house forever (or let's assume so). LenderFi is offering a Argument for the no-c...
by tbone555
Fri Jun 19, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 5066
Views: 340162

Re: Refinance Mega Thread

Just adding in my experience so far in case it helps anyone. I applied and locked a 3% 30-year refi at better yesterday. Did all the paper work electronically yesterday and the loan is in underwriting as of this morning. Their rates were higher and I had to get another quote for them to beat - which...
by tbone555
Fri Jun 19, 2020 12:35 pm
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1849

Re: How often to contribute to Roth?

The definitions matter so we can have a conversation/debate without talking last each other. In principle, yes, but in practice not everyone has exactly the same definition/understanding of every term (search the forum "marginal vs effective tax rate" for an example), so instead of trying to enforc...
by tbone555
Fri Jun 19, 2020 12:23 pm
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1849

Re: How often to contribute to Roth?

You're overthinking this, and your rationale for spreading it out is pretty clearly an attempt at market-timing (which is not to say that spreading it out automatically = market timing, it's not). Every January there's a bunch of threads like this - do I lump sum my Roth IRA contribution or DCA it?...
by tbone555
Fri Jun 19, 2020 12:00 pm
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1849

Re: How often to contribute to Roth?

You're overthinking this, and your rationale for spreading it out is pretty clearly an attempt at market-timing (which is not to say that spreading it out automatically = market timing, it's not). Every January there's a bunch of threads like this - do I lump sum my Roth IRA contribution or DCA it?...
by tbone555
Fri Jun 19, 2020 11:50 am
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1849

Re: How often to contribute to Roth?

viewtopic.php?f=10&t=316451

I suggest reading some of that thread to get a sense of why people LS over DCA, etc.
by tbone555
Thu Jun 18, 2020 6:29 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Wow, read though this thread. I now have no idea what DCA is. If anything coming out of this thread it seems to me anything at all other then investing a single lump sum and never ever investing again is DCA over the course of an investors lifetime. To me, I DCA every paycheck and lump sum any othe...
by tbone555
Thu Jun 18, 2020 6:28 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Wow, read though this thread. I now have no idea what DCA is. If anything coming out of this thread it seems to me anything at all other then investing a single lump sum and never ever investing again is DCA over the course of an investors lifetime. To me, I DCA every paycheck and lump sum any othe...
by tbone555
Thu Jun 18, 2020 12:01 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

No, just because LS has the higher expected outcome does not make it the correct decision for all individuals because of differences in situations and goals. But I am going to assume there are definitions of terms in play here that I would not share so my opinion is likely out of sync with that ter...
by tbone555
Thu Jun 18, 2020 11:56 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

So if LS has a higher expected outcome it is a correct decision to choose LS instead of DCA regardless of the actual outcome. I actually disagree with this premise. Lump sum isn't inherently better because it performs better on average. There's nothing irrational about choosing less risk for less r...
by tbone555
Thu Jun 18, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Watched the entire video and I am at a loss to see how you see it as always invalidating DCA or the need for an investor to consider their individual situation and goals (in fact he seems to endorse the latter at about the 10:56 mark of the video). I wasn't using it to invalid DCA. I was using it t...
by tbone555
Thu Jun 18, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

This seems to be yet another topic when some people feel there is an absolute answer and individuals should not take their own situation and goals into account which to me is pretty irrational. I disagree. I think what Ben Felix says in this video is true for everyone. https://youtu.be/I8gH5bR3clg ...
by tbone555
Thu Jun 18, 2020 11:26 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Of course not. But it is false to say a decision was wrong after the fact when the decision was made using probabilities in your favor. Just because the roll of the dice didn't work out doesn't make it the wrong course of action. Please watch this. The first few seconds are what I am trying to conv...
by tbone555
Thu Jun 18, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Unless you think you can market time, all we have is expected outcomes. You can of course hope to get lucky. We do not live our lives based on expected outcomes. That’s really all I have to say on that. You cannot disagree with that statement because you aren’t a robot. Of course not. But it is fal...
by tbone555
Thu Jun 18, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

The problem with the math is that it's still only expected returns. Which is to say that 33% of the time, lump sum is the wrong course of action. The other problem with the math is that it's only based on a relatively small sample which itself is based on how humans have decided something is worth ...
by tbone555
Thu Jun 18, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34266

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

I do not (much) object to DCA itself but to those who try to credit it as having some risk-lowering magic mathematical basius. The problem with the math is that it's still only expected returns. Which is to say that 33% of the time, lump sum is the wrong course of action. The other problem with the...