Search found 393 matches

by wootwoot
Sat Nov 09, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3934

Re: shocking hospital fee estimate

Shakes head at insane American healthcare system. In the U.K., somebody who has no money would get this routine operation for free, and the total cost to the tax payer would be well under 5k. And they would likely wait for months or years to get the surgery. OP you did the right thing, you have ins...
by wootwoot
Tue Nov 05, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: payoff period for viable solar ?
Replies: 17
Views: 878

Re: payoff period for viable solar ?

7 years in AZ. While we receive a ton of sunshine but electricity costs are low.
by wootwoot
Thu Oct 31, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6400

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

You can refi to a 30 year mortgage if you need more immediate cash on hand.
by wootwoot
Fri Oct 25, 2019 11:55 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10822

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

Investing borrowed money. Investing on margin. The leverage works great when the market goes up. The leverage also works, but in a bad way, when the market goes down. If you expect the market to be down for thirty years, it’s not investing the fixed-rate mortgage that’s going to be the problem. Hou...
by wootwoot
Fri Oct 18, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5556

Re: Should I take the job in OKC or Orlando?

This leads to the second job in OKC: Definitely less desirable location but better job, Have you ever been to Orlando? I wouldn't want to live there. I've never been to OKC and I would happily move there blindly if the second choice was Orlando. Care to elaborate? OKC isn't exactly my cup of tea ei...
by wootwoot
Mon Oct 14, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5108

Re: 2020 Social Security Maximum Taxable Earnings $137,700

Does anybody know why this is the case? So the social security fund doesn't run out of money? No, it's tied to a wage index while Social Security benefits are tied to a price index. My understanding is that wages tend to grow faster than CPI. Good info. Is the government saying that wages went up t...
by wootwoot
Thu Oct 10, 2019 8:58 am
Forum: Personal Consumer Issues
Topic: Disadvantages of a bank signup bonus
Replies: 46
Views: 4290

Re: Disadvantages of a bank signup bonus

So the disadvantage is that you have to do some work for the money? They don't just hand out cash?
by wootwoot
Sun Oct 06, 2019 11:19 pm
Forum: Personal Investments
Topic: TD or Schwab?
Replies: 19
Views: 1841

Re: TD or Schwab?

TDA, much better trading platform.
by wootwoot
Sun Oct 06, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: I don’t understand the valuation of some companies – what am I missing?
Replies: 31
Views: 3033

Re: I don’t understand the valuation of some companies – what am I missing?

It's likely due to the low interest rate bubble that the fed has created. Fundamental analysis is dead in the water and means very little for tech companies right now. It won't be this way forever.
by wootwoot
Thu Oct 03, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Mortgage rates what would you choose
Replies: 23
Views: 1751

Re: Mortgage rates what would you choose

30 year for flexibility.
by wootwoot
Mon Sep 30, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguards push for PAS
Replies: 18
Views: 2861

Re: Vanguards push for PAS

With Vanguard's pricing for digital advisor services this is an attractive option.
by wootwoot
Sun Sep 29, 2019 12:43 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 14232

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

High savings/earning ratios favor high earning individuals. The system favors those who are willing to create a high savings to earning ration. That is achieved by living below your means and there is tremendous amount of variance in standards of living and the cost associated with achieving a give...
by wootwoot
Fri Sep 27, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Should I sell my BMW
Replies: 48
Views: 3508

Re: Should I sell my BMW

You've already eaten the depreciation and put low miles on every year, keep it!
by wootwoot
Sun Sep 22, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8879

Re: Overpaid for my house, next options?

OP why are you trying to time the market? Assuming you still enjoy the house you should live there for 5 more years and then sell.
by wootwoot
Tue Sep 17, 2019 9:33 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5160

Re: $2k repairs on $12K car

2k in repairs is much cheaper than a new car. With mileage that low this is a no brainier.
by wootwoot
Sun Sep 15, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Oil price going to a $100-- time to change your asset allocation??
Replies: 86
Views: 8584

Re: Oil price going to a $100-- time to change your asset allocation??

The time to change your AA was Friday :-) While it is unpopular to hold commodity related stocks here I picked up some XOM shares over the last 2 weeks. It should be interesting to see where they go in the next few days. That being said I picked them up for their long and consistent dividend payout....
by wootwoot
Sat Sep 14, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 121
Views: 6054

Re: Vanguard is Falling Behind Compared to Fidelity

Funny you should mention this. My company 401k is through Fidelity Netbenefits and their phone app for Android is hot garbage. It's ugly, the navigation is clunky, and most of the links take you to the website rather than providing mobile content. Vanguard has none of these problems and while their ...
by wootwoot
Thu Sep 12, 2019 5:06 am
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 4053

Re: Day Trading for a Living?

4nursebee wrote:
Thu Sep 12, 2019 2:56 am
Is this thread actionable?
Is there any point in discussing this?
Maybe if you're interested in getting into the high stakes of the Brazilian equity futures market... This study is so narrowly focused I also question what value it brings to a discussion.
by wootwoot
Sun Sep 08, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Costco washer/dryer delivery: tipping?
Replies: 54
Views: 4135

Re: Costco washer/dryer delivery: tipping?

No, these guys are paid to perform this job by Costco. I've never heard of anyone tipping in this situation.
by wootwoot
Sat Sep 07, 2019 9:29 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 241
Views: 27309

Re: 30yo lump sum investor - scared of Burry's warnings on index funds, what to do?

GoldenFinch wrote:
Sat Sep 07, 2019 6:35 am
Why choose to focus and act on Burry’s opinion over the thousands of other opinions from other people in the press. You are supposed to ignore the noise.
Unique perspective.
by wootwoot
Sat Sep 07, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: How much do you tip ubereats?
Replies: 35
Views: 2958

Re: How much do you tip ubereats?

Zero point zero, their fees are too high.
by wootwoot
Wed Sep 04, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 241
Views: 27309

Re: Michael Burry: Index Funds are like Subprime CDOs

rascott wrote:
Wed Sep 04, 2019 8:50 am
If this was true... you should expect there to be a lot of active managers that could beat the market. However most equity managers basically hug the index, and just make bets on the fringes to attempt to beat it.
Maybe those active managers are getting ready. Big Short 2?
by wootwoot
Sat Aug 31, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting 60k to someone
Replies: 41
Views: 6348

Re: Gifting 60k to someone

Gift one of them 60k as a 529 contribution. There is no gift tax on a one-time contribution up to 70k. Then have them withdrawal the money. 529s only penalize non-educational withdrawals on earnings not contributions so there won't be a tax bill due.
by wootwoot
Thu Aug 29, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7884

Re: Should I purchase a $30k car?

Quality is average but still lower than Toyota. It is very expensive to service (try to change oil and battery yourself) :confused Both of my BMWs have been the easiest cars I've ever changed oil on, full stop. Since getting an oil extractor 5 or 6 years ago, it's gotten even easier. I could change...
by wootwoot
Thu Aug 29, 2019 8:23 pm
Forum: Personal Consumer Issues
Topic: OBD Malfunction Code #B0020-13 on Honda CRV: dealer can't fix - what to do?
Replies: 26
Views: 1852

Re: OBD Malfunction Code #B0020-13 on Honda CRV: dealer can't fix - what to do?

It's not that it can't be fixed; they don't want to fix it. Warranty repairs are reimbursed by Honda Corp at a lower rate than retail customers pay. I'd ask the service adviser what the purpose of a warranty is if the car can't be repaired when it's broken. Warranty repairs are free money for the d...
by wootwoot
Sun Aug 25, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Another car affordability question, YOLO vs. extreme FI
Replies: 64
Views: 3721

Re: Another car affordability question, YOLO vs. extreme FI

OP try to find a different used Golf R. 2017 models with ~30k miles can be found for low 30s. Then go buy a tune to make the car complete. Having a fast car like this now will bring much more enjoyment than buying it later in life. You have your ducks in a row and are building up healthy savings so ...
by wootwoot
Wed Aug 21, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 17565

Re: White collars- How much is your work downtime?

I find this thread baffling. As an Emergency Medicine Physician I can honestly say that during a 7a - 7p shift I would estimate about 5% or less downtime in order to eat or use the bathroom. There usually is a little more downtime on the overnight shifts but I’d much prefer to be busy. Fortunately ...
by wootwoot
Fri Aug 16, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance - should I go from 4% => 3.5%? Why did mortgage rates tick up as economic data has been hesitant?
Replies: 12
Views: 2169

Re: Mortgage refinance - should I go from 4% => 3.5%? Why did mortgage rates tick up as economic data has been hesitant?

rasputin wrote:
Fri Aug 16, 2019 6:35 pm
I heard from a different company today that offered 3.375 and no fees. I’m going to take it.

Oh, no escrow account either!
Can you share these companies with the forum?
by wootwoot
Fri Aug 16, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Debating a 4.25 to 3.375 refi
Replies: 28
Views: 2031

Re: Debating a 4.25 to 3.375 refi

Rates on better.com are going up by the day. If you can lock in something that low go for it!
by wootwoot
Thu Aug 15, 2019 8:19 pm
Forum: Personal Investments
Topic: Vanguard Energy ETF (VDE) - Good Time to Jump In?
Replies: 13
Views: 2107

Re: Vanguard Energy ETF (VDE) - Good Time to Jump In?

For a counternarrative, you may be interested in this thread where an investor dislikes energy stocks so much they're considering replacing their total market fund with a fund that includes everything but energy: https://www.bogleheads.org/forum/viewtopic.php?t=285495 . There are also generic argum...
by wootwoot
Sun Aug 11, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: With Rates Falling Should U Buy Annuity?
Replies: 18
Views: 1947

Re: With Rates Falling Should U Buy Annuity?

antiqueman wrote:
Sun Aug 11, 2019 1:58 pm
I think there is at least a reasonable probability we may see zero, or very close to zero, rates for sometime.
This line of thinking has been repeated in other threads here. Why do you think this?
by wootwoot
Sun Aug 11, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: If you think oil prices will drop where would you invest?
Replies: 70
Views: 3804

Re: If you think oil prices will drop where would you invest?

Wherever i look or read i see articles talking about sales explosion in electric cars all over the world. Sooner or later in the long run, this will depress oil prices. This is inevitable. If you believe 10% that oil prices will decrease big time say in 10 years, where would you invest to get the m...
by wootwoot
Fri Aug 09, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 12514

Re: Why do dividends still exist?

Capital gains are more tax efficient than dividends in the US. Presumably, that is why Berkshire Hathaway doesn’t generate dividends. So, why do any US companies still provide shareholders with dividends? Is it some sort of tax-inefficient budgeting tool for investors? EDIT: I guess my follow up qu...
by wootwoot
Fri Aug 09, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?
Replies: 37
Views: 3102

Re: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?

This is a huge cause for concern. Raise the issue and if you don't get a satisfactory answer during the 10 day inspection period you should bail on the house. Usually this means the owner put an unpermitted addition on the home. If that's the case you don't want to be a part of it when the city fin...
by wootwoot
Fri Aug 09, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?
Replies: 37
Views: 3102

Re: House being sold as 2553sqft livable, but tax records show 2053? Cause for concern?

This is a huge cause for concern. Raise the issue and if you don't get a satisfactory answer during the 10 day inspection period you should bail on the house. Usually this means the owner put an unpermitted addition on the home. If that's the case you don't want to be a part of it when the city find...
by wootwoot
Thu Aug 08, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Silicon Valley Interview Attire
Replies: 30
Views: 2771

Re: Silicon Valley Interview Attire

Dark jeans and a sportcoat.
by wootwoot
Thu Aug 08, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Best online retailer other than Amazon
Replies: 36
Views: 2215

Re: Best online retailer other than Amazon

Walmart /endthread
by wootwoot
Wed Aug 07, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Where to find rates for no-cost refi?
Replies: 57
Views: 4338

Re: Where to find rates for no-cost refi?

I don't understand the mania for no-cost refis. A mortgage ALWAYS has costs. if the lender is paying them on your behalf, then they are charging you a higher rate. Really, you're the one buying the mortgage, you better believe you are paying the fees. It's really simple. If I can lower my mortgage ...
by wootwoot
Sun Aug 04, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find rates for no-cost refi?
Replies: 57
Views: 4338

Re: Where to find rates for no-cost refi?

AimLoan is pretty well-regarded around here (numerous threads pop up in the search). And yeah , I wouldn't do a no-cost refi for a 0.25% change in rates. Last time I refinanced, things went very smoothly and the bank even waived the appraisal, and I still found the process to be kind of a headache....
by wootwoot
Sun Aug 04, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find rates for no-cost refi?
Replies: 57
Views: 4338

Re: Where to find rates for no-cost refi?

Check AimLoan as well. They'll provide 8 or so options for each type of loan (eg 15 yr fixed, 30 yr fixed...) the last which is zero cost - the credit covers the appraisal , title insurance, taxes , and so on so you're not paying any costs upfront. Run through all the options however and compute th...
by wootwoot
Sun Aug 04, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 45
Views: 5574

Re: Annual review was disappointing, what should I do next?

After working at that company for 3 years you got a 10k raise and went from 120k per year to making 130k per year and you are disappointed? That's an 8% raise on one year. Let's put this in perspective, the median income in the U.S. is 32k per year, and you went from making 3.75 times the median in...
by wootwoot
Sat Aug 03, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 11796

Re: Insane to buy a sports car?

tim1999 wrote:
Sat Aug 03, 2019 1:39 pm
stoptothink wrote:
Sat Aug 03, 2019 12:28 pm

The "can I afford this house" threads are one thing, but IMO most of these "can I afford this car" threads are thinly-veiled humblebrags.
Agreed.
Most "can I afford it" threads posted here are.

That being said, OP go for it! The new Vette is really impressive.
by wootwoot
Fri Aug 02, 2019 11:27 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8804

Re: Does it bug anyone else that Vanguard only has money market for cash?

No worries here, their mm rate is actually pretty good. It beats having money sit in a bank account earning next to nothing.