Search found 88 matches

by sapphire96
Mon Oct 26, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4136

Re: Potential job loss at 62

If you can find a new mortgage with low or no closing costs there would be no downside to refinancing if you can get the same or lower interest rate. What is the interest rate on your current mortgage? Current rate is 3.5%. My current 15-year mortgage has six years to go, and my original plan was t...
by sapphire96
Tue Sep 29, 2020 1:10 pm
Forum: Personal Investments
Topic: Contribute to HSA and invest - but with high fees?
Replies: 13
Views: 631

Re: Contribute to HSA and invest - but with high fees?

I do have a follow up question... does anyone keep some cash with their HSA for actual medical costs and invest the rest? If so, how much do you keep in cash, if any?
by sapphire96
Tue Sep 29, 2020 1:08 pm
Forum: Personal Investments
Topic: Contribute to HSA and invest - but with high fees?
Replies: 13
Views: 631

Re: Contribute to HSA and invest - but with high fees?

Thanks everyone for the replies!

I will look into the Fidelity HSA program... sounds like it is highly reputable. I will also consider reducing my 401(k) contribution in order to max out HSA and Roth IRA.
by sapphire96
Tue Sep 29, 2020 10:17 am
Forum: Personal Investments
Topic: Contribute to HSA and invest - but with high fees?
Replies: 13
Views: 631

Contribute to HSA and invest - but with high fees?

Hi everyone, My company’s HSA has an option to invest HSA dollars into low-cost Vanguard index funds. The current balance in the account is $2,200 and I am considering maxing it out beginning next year. I am already maxing out my traditional 401(k). The caveat is the HSA charges $2.9 a month ($34.8 ...
by sapphire96
Thu Sep 24, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10655

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Pushkin wrote: Thu Sep 24, 2020 4:14 pm I swear my rate was 1.5% when I started with them.
I started with Ally when their rate was 1% back in 2014. It rose to a high of 2.25% in 2017/18.
by sapphire96
Thu Sep 24, 2020 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10655

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

bugleheadd wrote: Thu Sep 24, 2020 4:10 pm what about putting it in Total Bond Market BND for a 2.41% yield?
Too much principal volatility for my liking for an emergency fund.
by sapphire96
Thu Sep 24, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10655

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

I-bonds are still 1.06% through October. I am considering taking most of my Ally emergency fund and putting a few hundred dollars a month of it into iBonds, doing a ladder approach. Some of my Ally savings is in a 1.85% No-Penalty CD which I will hold until term next year. Why are you laddering? Ar...
by sapphire96
Thu Sep 24, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10655

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

batpot wrote: Thu Sep 24, 2020 2:44 pm I-bonds are still 1.06% through October.
I am considering taking most of my Ally emergency fund and putting a few hundred dollars a month of it into iBonds, doing a ladder approach. Some of my Ally savings is in a 1.85% No-Penalty CD which I will hold until term next year.
by sapphire96
Thu Sep 24, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 117
Views: 10655

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

Wow, how low can it go? Mediocre environment for savers. What’s worse is that we can expect this environment for at least a couple of years as the Fed plans to keep its interest rates at 0% for that time. What does not make sense is that I remember Ally offering almost 1% on their savings account wh...
by sapphire96
Wed Sep 16, 2020 7:06 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 2946

Re: "Refinance" mortgage for a family member @ 2%?

First off, I greatly admire your desire to help your sister. With that said, as others have stated, getting money (especially very large sums) involved with family does not pan out well, for the most part. She could refinance for a comparable rate (2.25-2.75%) to what you are offering. Another consi...
by sapphire96
Tue Sep 08, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

I need help evaluating 2 options for a 30yr mortgage with the same vendor (refi amount is 320,000). Option 1: 2.625 @ 1408 in costs Option 2: 2.375 @ 3923 in costs I locked this in after the .5% increase was announced but before the deferral to December was announced. edit: The second option is sup...
by sapphire96
Tue Sep 08, 2020 12:36 pm
Forum: Personal Investments
Topic: A Low-Cost Diversified Emergency Fund Strategy
Replies: 25
Views: 2309

Re: A Low-Cost Diversified Emergency Fund Strategy

My answer is NO. Put the money back into your marcus account. If you want to buys some iBonds over time, I have no problem with that. Only what you can do without for a year. Ladder more in each year and don't forget that you can get $5k in paper bonds from your federal refund. I have to second thi...
by sapphire96
Thu Sep 03, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Got a quote from loan depot today. Cash out, total loan $225k, 15 year, $1500 in points, $5100 fees (TX) 2.375%. 30 year adds almost half point to interest rate, not worth it for me. Current loan is 15 year 3.25% This seems like a no brainer to me, unless I can get better. Any experience with loan ...
by sapphire96
Thu Sep 03, 2020 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Got a quote from loan depot today. Cash out, total loan $225k, 15 year, $1500 in points, $5100 fees (TX) 2.375%. 30 year adds almost half point to interest rate, not worth it for me. Current loan is 15 year 3.25% This seems like a no brainer to me, unless I can get better. Any experience with loan ...
by sapphire96
Wed Sep 02, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Got a quote from loan depot today. Cash out, total loan $225k, 15 year, $1500 in points, $5100 fees (TX) 2.375%. 30 year adds almost half point to interest rate, not worth it for me. Current loan is 15 year 3.25% This seems like a no brainer to me, unless I can get better. Any experience with loan ...
by sapphire96
Sun Aug 23, 2020 11:19 am
Forum: Personal Investments
Topic: Sell me on a 401(k)
Replies: 43
Views: 2916

Re: Sell me on a 401(k)

I've avoided these accounts in the past because it's always felt like speculating on future tax policy--something more appropriate for a hedge fund than an ordinary working person. If I have $100 in my taxable account, I know that I have $100. If I have $100 in a tax-deferred account, I have to dis...
by sapphire96
Mon Aug 17, 2020 7:32 pm
Forum: Investing - Theory, News & General
Topic: They Stayed The Course
Replies: 24
Views: 4077

They Stayed The Course

“According to a new Vanguard Perspective, 95% of investors in defined contribution plans didn’t make a single transaction during the Corona crash. 83% of retail accounts also stayed the course. Less than 0.5% of investors pulled the ripcord and moved entirely to cash. That’s just 5 out of every 1,00...
by sapphire96
Fri Aug 14, 2020 7:53 am
Forum: Personal Investments
Topic: Suggestions to my 18y son
Replies: 40
Views: 2346

Re: Suggestions to my 18y son

AlabamaPaul wrote: Thu Aug 13, 2020 6:03 pm At 18 yo, just go with VOO and watch it grow...
Simple is better. +1,000
by sapphire96
Thu Aug 13, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

If you are looking to refinance, do it soon... fees are going up. “Refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%, the two government sponsored enterprises announced Wednesday night. This fee will be assessed for both...
by sapphire96
Thu Aug 13, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Sooner than Later: A New 0.5% Fee Going Into Effect Sep 1
Replies: 16
Views: 3118

Refinance Sooner than Later: A New 0.5% Fee Going Into Effect Sep 1

“Refinance mortgage loans sold to Fannie Mae and Freddie Mac after Sept. 1 will include a new adverse-market refinance fee of 0.5%, the two government sponsored enterprises announced Wednesday night. This fee will be assessed for both cash-out and no-cash-out refinances.” https://www.housingwire.com...
by sapphire96
Mon Aug 10, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: Are the S&P 500 and Total Stock Market Funds No Longer Diversified?
Replies: 14
Views: 2387

Are the S&P 500 and Total Stock Market Funds No Longer Diversified?

Hi everyone, According to The Investment Company Act of 1940, the 75-5-10 Rule states that a mutual fund can have a maximum of 5% of its assets invested in any one issuer if it wishes to be considered diversified. Looking at the S&P 500 Vangurd index fund (VFIAX), Apple and Microsoft make up 5.8% an...
by sapphire96
Fri Aug 07, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Appreciate all the info I have gotten in this thread! Currently in the underwriting process for 30 Year Fix 2.49 % Rate Escrow Zero closing costs and appraisal waived Loan Cabin Credit Score around 800 I am trying to get LoanCabin to give me a quote but they are not very responsive. Did you go thro...
by sapphire96
Fri Aug 07, 2020 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Appreciate all the info I have gotten in this thread! Currently in the underwriting process for 30 Year Fix 2.49 % Rate Escrow Zero closing costs and appraisal waived Loan Cabin Credit Score around 800 I am trying to get LoanCabin to give me a quote but they are not very responsive. Did you go thro...
by sapphire96
Mon Aug 03, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7580
Views: 520484

Re: Refinance Mega Thread

Hi all, I am debating on whether or not to pursue refinancing. Here are my current loan details... Townhouse value: 230,000 (appraised prior to closing in January 2020) Loan Balance: 193,000 (83.9% LTV) Term: 6 months into a 20 year term Interest Rate: 4% PMI: paid lumpsum $600 that was rolled into ...
by sapphire96
Sun Jul 26, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Debate - 15yr (pay mortgage quicker) or 30yr (increase cashflow)
Replies: 32
Views: 1960

Re: Refinancing Debate - 15yr (pay mortgage quicker) or 30yr (increase cashflow)

Sandi_k wrote: Sun Jul 26, 2020 1:20 pm I'd find a 20 year mortgage, and split the difference: less interest paid, shorten the term, AND increase cash flow.
+1

I have a 20 year mortgage and for me it was a very good “middle of the road” solution.

If I had to pick an option out of the three you provided, C would be my choice.
by sapphire96
Wed Jul 01, 2020 12:55 pm
Forum: Personal Investments
Topic: How to decide between Savings and No-Penalty CD
Replies: 8
Views: 715

Re: How to decide between Savings and No-Penalty CD

I have not checked recently, but Ally’s no-penalty cds are typically the same as their savings account. It only makes sense to go with the no penalty cd if you think interest rates are going to go down. A perfect example was earlier this year: as the Fed was reducing rates, eventually dropping it to...
by sapphire96
Sun Jun 14, 2020 6:32 pm
Forum: Investing - Theory, News & General
Topic: Fewer IRA contributions/deductions in 2020 for many
Replies: 6
Views: 509

Re: Fewer IRA contributions/deductions in 2020 for many

I just finished making the last of my 2019 Roth contributions, and filed my federal tax return. I doubt that either my wife or I wi'll have any earned income in 2020, thanks to Covid-19 job losses, and therefore I expect that we won't be eligible to make any IRA contributions this year. I presume t...
by sapphire96
Sat Apr 18, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus Check: Too late to refer to 2019 taxes?
Replies: 1
Views: 262

Stimulus Check: Too late to refer to 2019 taxes?

Hi all, Like many, I keep getting the “payment status not available” prompt on the IRS portal. My 2018 taxes had my dad claiming me as a dependent (college student), which would not make me eligible for a stimulus payment. For the 2019 tax season, I was an independent, claiming myself, and within th...
by sapphire96
Tue Apr 07, 2020 5:38 pm
Forum: Investing - Theory, News & General
Topic: From the Eyes of a Millennial/GenZ Investor
Replies: 5
Views: 1033

From the Eyes of a Millennial/GenZ Investor

I was born in August of 1996, right at the end of the Millennial Generation and the beginning of Generation Z. I do not remember the tech bubble. While I was alive and cognizant of the 2008 crash, I did not understand the implications until later. I started investing in 2013, halfway through one of ...
by sapphire96
Mon Jan 27, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: 15yr vs 30yr mortgage
Replies: 33
Views: 2974

Re: 15yr vs 30yr mortgage

Why not compromise and go with a 20 year?
by sapphire96
Sat Dec 07, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: What has performed better over the last 20 years? Stocks or long term bonds?
Replies: 32
Views: 2707

What has performed better over the last 20 years? Stocks or long term bonds?

The answer...

S&P 500: +220%
LT Bonds: +344%

Full chart link below...
https://twitter.com/charliebilello/stat ... 5084563457

But past performance is not a guarantee of future results. :happy
by sapphire96
Fri Oct 11, 2019 7:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 14075

Re: Vanguard: the case for global equity investing

Certainly there is no question that over the past 10 years US only has hugely outperformed by a wide margin but clearly Vanguard does not expect this trend to continue forever. On this subject, the chart below caught my eye. It appears the valuation of large-cap international stocks are trading at ...
by sapphire96
Wed Aug 21, 2019 5:04 am
Forum: Personal Investments
Topic: Inverted Yield Curve - Anyone making portfolio changes?
Replies: 27
Views: 3388

Re: Inverted Yield Curve - Anyone making portfolio changes?

tommy2punch wrote: Tue Aug 20, 2019 11:52 pm Hey all,
Just curious to see if any of you have made changes to a more conservative portfolio based on the inverted yield curve? Interested to hear your thoughts!
Check out this post, where SimpleGift looks into this topic with data. viewtopic.php?t=253797
by sapphire96
Sat Jul 06, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: No More Posts Of Larry Swedroe Essays [by Random Walker]
Replies: 64
Views: 7964

Re: No More Posts Of Larry Swedroe Essays

I do not agree with Larry on some of his investment approaches; personally, I think he over complicates investing. However, his articles bring a lot of discussion, different ideas, and highlights various points of view from forum members. The way Random Walker posts about the articles is mature and ...
by sapphire96
Fri May 24, 2019 6:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard issues 10-year forecast for stock, bond market returns
Replies: 79
Views: 9340

Re: Vanguard issues 10-year forecast for stock, bond market returns

RJC wrote: Thu May 23, 2019 9:02 pm Anyone have their forecast from 5-10 years ago? How did they do?
From June 2009 https://personal.vanguard.com/pdf/icrecm.pdf
by sapphire96
Mon May 13, 2019 8:41 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 10451

Re: For how long will the forum be around?

Bogleheads: This forum, which reflects "The Wisdom of Jack Bogle," and is now the largest non-commercial financial forum on the internet, should be around for many years to come. Many in the financial industry would like to see us disappear. However, if we continue to espouse Jack's wisdom, and con...
by sapphire96
Sat Apr 20, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Why diversification is not a viable strategy?
Replies: 252
Views: 15525

Re: Why diversification is not a viable strategy?

Consider the "Permanent" portfolio strateg: 25% Stock, 25% Bonds, 25 %Cash and 25% Gold. It has performed well over long periods of time. Some variations of it exist that perform differently. Google it for mire info. https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&sta...
by sapphire96
Sat Mar 30, 2019 4:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors
Replies: 13
Views: 5992

Re: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors

KlangFool wrote: Sat Mar 30, 2019 4:19 pm
sapphire96 wrote: Sat Mar 30, 2019 4:05 pm Sorry, questions were worded wrong, I am surprised Vanguard is closing off the investor class.
sapphire96,

Why pay more when you are placed into the Admiral class with the same minimum?

KlangFool
Makes sense!
by sapphire96
Sat Mar 30, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors
Replies: 13
Views: 5992

Re: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors

Kenkat wrote: Sat Mar 30, 2019 4:10 pm Everyone is an admiral now; the minimum to invest in the admiral fund was lowered to $3,000, same as the investor fund, so no reason to keep it around anymore as the admiral fund has a lower expense ratio.
Ahh, that makes sense, thanks!
by sapphire96
Sat Mar 30, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors
Replies: 13
Views: 5992

Re: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors

Sorry, questions were worded wrong, I am surprised Vanguard is closing off the investor class.
by sapphire96
Sat Mar 30, 2019 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors
Replies: 13
Views: 5992

Vanguard's 500 Fund Investor Class (VFINX) Closed To New Investors

https://investor.vanguard.com/mutual-fu ... file/VFINX

Does anyone have any information regarding why they are closing off the investor shares?

Ben

EDIT: To clarify asking why they are closing off investor class, not the fund itself.
by sapphire96
Tue Jan 08, 2019 8:45 pm
Forum: Personal Investments
Topic: Move Inherited Trad IRA Money to Trad or Roth IRA?
Replies: 12
Views: 864

Move Inherited Trad IRA Money to Trad or Roth IRA?

Hi all! Here is my situation. I have about $20,000 in an non-spouse Inherited IRA account; I have to take a taxable RMD each year. I would like to gradually withdraw $6,000 each year and contribute the amount into an IRA. My objective is to gradually close out the Inherited IRA balance to eliminate ...
by sapphire96
Tue Dec 04, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: Yield Curve Inversions — Any Benefit from Market Timing?
Replies: 18
Views: 1920

Re: Yield Curve Inversions — Any Benefit from Market Timing?

Since there is much discussion going on about the yield curve, I wanted to resurface this thread for those who are tempted to reduce their stock holdings.
by sapphire96
Thu Jun 07, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 228
Views: 18744

Re: Yes, you can diversify a market portfolio

I don't agree that the smaller list is more diversified. Suppose that instead of picking 4 companies out of the original 10, Morgan Stanley bought the other 6 companies that were not chosen. You end up with the exact same 4 companies in your portfolio. Is there any difference in the diversification...
by sapphire96
Sat May 05, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: The Boglehead Philosophy Tested in the Classroom
Replies: 8
Views: 1579

Re: The Boglehead Philosophy Tested in the Classroom

-- Our initial asset allocation was 50% Stock, 50% Bond, but we gradually shifted it to 30% Stock, 70% Bond, based on Vanguard's research: https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations Thanks for sharing your results. A question: what do you mean exactly by ...
by sapphire96
Sat May 05, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: The Boglehead Philosophy Tested in the Classroom
Replies: 8
Views: 1579

Re: The Boglehead Philosophy Tested in the Classroom

Just curious if the returns that were calculated and compared to the others were POST fees (loads, ER, 12b-1 fees, transaction costs, etc...) and POST taxes (assuming something like a 25% federal bracket)? It would be a great follow up to take every groups portfolio and recalculate the returns post...
by sapphire96
Sat May 05, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: The Boglehead Philosophy Tested in the Classroom
Replies: 8
Views: 1579

Re: The Boglehead Philosophy Tested in the Classroom

You are young and learning. I urge you to view this as nothing other than luck. 9 weeks is not enough to evaluate anything and if you subjected the different groups to a statistical analysis with appropriate adjustments I suspect there would be no difference between groups. Was any statistical anal...
by sapphire96
Sat May 05, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: The Boglehead Philosophy Tested in the Classroom
Replies: 8
Views: 1579

Re: The Boglehead Philosophy Tested in the Classroom

You are young and learning. I urge you to view this as nothing other than luck. 9 weeks is not enough to evaluate anything and if you subjected the different groups to a statistical analysis with appropriate adjustments I suspect there would be no difference between groups. Was any statistical anal...