Search found 92 matches

by MMLC3
Thu May 07, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital: You Index vs Performance
Replies: 10
Views: 1148

Re: Personal Capital: You Index vs Performance

The You Index is your current set of funds, and the performance assumes you held them YTD. If you make big changes in allocation, this will update immediately. Your performance actually takes into account your activity, so timing of purchases matters here. It's the one that matters most in my opini...
by MMLC3
Wed May 06, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital: You Index vs Performance
Replies: 10
Views: 1148

Personal Capital: You Index vs Performance

I have been using Personal Capital for a while and have been quite happy with the platform. However I have never been able to figure out what the difference is between You Index and Investment>Performance. In other words, if you click on Investing -> Holdings and see You Index, for me it shows -3.82...
by MMLC3
Fri Apr 24, 2020 9:16 am
Forum: Personal Investments
Topic: 529 AA 2-3 years from college
Replies: 12
Views: 638

Re: 529 AA 2-3 years from college

I used the recommendations here recently to rebalance 529 plan for my son, given he is few years from college vs when I started the plan several years ago. Also you can set up the 529 to rebalance each year out from here. I went with the Vanguard recommendations with Moderate portfolio. https://inve...
by MMLC3
Sat Apr 18, 2020 8:42 am
Forum: Investing - Theory, News & General
Topic: Crisis Lessons (My list)
Replies: 50
Views: 4628

Re: Crisis Lessons (My list)

In addition to many things mentioned here already; one big thing that has helped me during these times is a good home office set up. When we moved to a bigger house last year, I really pushed for having a small but dedicated room as my Home office. At that point of course I didn't think I would swit...
by MMLC3
Sat Apr 18, 2020 8:30 am
Forum: Personal Consumer Issues
Topic: Outdoor games during stay at home?
Replies: 5
Views: 343

Re: Outdoor games during stay at home?

Bocce ball
Badminton
by MMLC3
Sat Apr 18, 2020 8:30 am
Forum: Personal Consumer Issues
Topic: Outdoor games during stay at home?
Replies: 5
Views: 343

Re: Outdoor games during stay at home?

Bocce ball
Badminton
by MMLC3
Sat Apr 18, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: House Sale Proceeds for IRS Reporting
Replies: 4
Views: 600

Re: House Sale Proceeds for IRS Reporting

No, the unpaid mortgage balance does not matter.

What matters is difference between:

1) Sale price of the house - (agent commission + other closing costs)
2) True cost basis of the house

For 2) please take into account purchase price + any permanent additions you made to the house.
by MMLC3
Tue Apr 14, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Making offer on a home - jumbo mortgage questions
Replies: 11
Views: 1578

Re: Making offer on a home - jumbo mortgage questions

+1 We bought a home 6 months ago, and for our jumbo mortgage, having ML/Boa Platinum honors level, made a clear difference in mortgage rates we received from 3-4 banks. Also unmatched by brokers. Get a relationship mortgage with Bank of America. If you moved $500k into BoA/Merrill accounts, you can ...
by MMLC3
Wed Mar 04, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: The unicorn mortgage: 30 year fixed under 3%
Replies: 90
Views: 15440

Re: The unicorn mortgage: 30 year fixed under 3%

Just before the rate-cut, BOFA was offering me a 15-year loan at 2.5% (no costs) if I moved in 500K in assets to them. Going to check if that has changed! BoFA gave me 3.00% for 30 yr fixed for jumbo loan (no points) for new house purchase of course back in September. Need to evaluate if rates have...
by MMLC3
Mon Feb 24, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: Net worth approaching lifetime earnings. How many years did it take?
Replies: 50
Views: 6060

Re: Net worth approaching lifetime earnings. How many years did it take?

[/quote] Multiply your annual gross (pre-tax) income by your age. Divide by ten. Your net worth — less any inheritances or windfalls — should be equal to this number. So, if you're forty years old and earning $50,000 per year, your expected net worth would be $200,000. If your net worth is close to ...
by MMLC3
Tue Feb 11, 2020 11:54 am
Forum: Personal Investments
Topic: Paying Taxes on selling Company Stock
Replies: 7
Views: 507

Re: Paying Taxes on selling Company Stock

If we sell them are those taxes on the gains paid immediately? Thanks again! No, the taxes will need to paid when you file taxes at the end of the year. Like any other stock sale. For each of your RSU batches, short or long term tax will apply depending on how long you have held each before selling.
by MMLC3
Tue Feb 11, 2020 11:10 am
Forum: Personal Investments
Topic: Paying Taxes on selling Company Stock
Replies: 7
Views: 507

Re: Paying Taxes on selling Company Stock

My husband and I are trying to sell a large amount of stock that he has received from his company in order to open 529s for our young children and also just diversify our stock holdings. Would this be something that should be spaced out over several years for tax purposes? Also confused on taxes(I ...
by MMLC3
Sun Feb 09, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying down investment property & College aid
Replies: 4
Views: 316

Re: Paying down investment property & College aid

As to where to deploy the $300K, one option is to pay down the higher interest loan, but I can't imagine why you want to hold on to that property instead of selling it when there are easier ways for your investments to earn money. But there are real estate people and others, and I am one of the oth...
by MMLC3
Sun Feb 09, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying down investment property & College aid
Replies: 4
Views: 316

Re: Paying down investment property & College aid

As far as the FAFSA, go right to the source (EFC formulas): https://ifap.ed.gov/efcformulaguide/attachments/2021EFCFormulaGuide.pdf With this you can see exactly how much your taxable assets influence the Expected Family Contribution (EFC), and how much income influences it. The FAFSA now uses prio...
by MMLC3
Sun Feb 09, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying down investment property & College aid
Replies: 4
Views: 316

Paying down investment property & College aid

Quick info: One child, in 7th grade, 6 years away from college 529 balance - 140k Primary residence 1.8M, Mtg 750k @ 3% fixed 30 yrs Investment property 240k, Mtg 130k, 4.25% fixed 15 yrs Taxable brokerage account - 0.9M Retirement accounts (wife n me) - 0.9M Wife, Age 40 - retired Me, Age 40, no p...
by MMLC3
Mon Feb 03, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: Tesla Stock
Replies: 301
Views: 16963

Re: Tesla Stock

I'm in the stock since 180. Also own a model 3 Long range. Have been pretty happy with the car for the past 1.5 years. Saving on gas, with free charging at work. In Bay Area, there are a LOT of Teslas. I always thought BA had early adopters for new tech and hence I am seeing so many. But based on re...
by MMLC3
Mon Feb 03, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 44472

Re: Engineers - What are you making? ($$$)

Engineer in Bay Area. Total compensation: $1M/year. Salary: $300,000 Bonus: $100,000 Stock: $600,000 That is outstanding! How many years experience and is it FANG? FANG, 20 yoe+, 15+ in Bay Area $600k stock per year is incredible. Is this a combination of getting in early and several refreshes over...
by MMLC3
Wed Jan 29, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital and Ally Bank
Replies: 45
Views: 6272

Re: Personal Capital and Ally Bank

Yeah, it hasn't been syncing for over a week...I did notice it listed as a known issue under the Support section, but I also see other known issues listed that have been there for a lot longer than one week, so that doesn't exactly instill confidence in a timely fix :( I am still seeing this syncin...
by MMLC3
Tue Jan 28, 2020 5:05 pm
Forum: Investing - Theory, News & General
Topic: Apple quarterly earnings - impressive
Replies: 1
Views: 520

Apple quarterly earnings - impressive

Revenue: $91.8 billion versus $88.4 billion expected Earnings per share: $4.99 versus $4.55 expected iPhone revenue: $55.96 billion versus $51.50 billion expected Services revenue: $12.72 billion versus 12.98 billion expected Q2 2020 guidance $63 billion to $67 billion compared to Wall Street estima...
by MMLC3
Tue Jan 28, 2020 1:36 pm
Forum: Personal Investments
Topic: Latest policy at Merrill?
Replies: 15
Views: 918

Re: Latest policy at Merrill?

This is what the text says. It doesn’t say mutual funds so I don’t know the answer. Free trades Get unlimited $0 online stock, ETF and option trades with no trade or balance minimums.Footnote 2 Footnote †Options contract and other fees may apply Hopefully someone with a ME account will respond. As ...
by MMLC3
Thu Jan 23, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: FANG - Salary expectation for Sr Engineer
Replies: 17
Views: 3725

Re: FANG - Salary expectation for Sr Engineer

I heard MAGA too recently :-)

Microsoft, Apple, Google, Amazon (the 4 biggest tech by market cap)
by MMLC3
Wed Jan 22, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: FANG - Salary expectation for Sr Engineer
Replies: 17
Views: 3725

Re: FANG - Salary expectation for Sr Engineer

stockrex wrote: Wed Jan 22, 2020 2:52 pm The position title is Sr Architect (hardware engineering)
Level 5 where level 7 is CTO and level 6 is director.
About $500k TCP in steady state
by MMLC3
Fri Jan 17, 2020 5:23 pm
Forum: Personal Investments
Topic: Personal Capital - Classification of JPST
Replies: 4
Views: 352

Re: Personal Capital - Classification of JPST

If you drill into the funds/allocations, you can manually allocate in PC. There are different classes of funds and tickers and sometimes they don't all pull in. I had to do this with an institutional class fund from our 401k. Can you show me the exact way to do this? I have played around with the w...
by MMLC3
Fri Jan 17, 2020 5:01 pm
Forum: Personal Investments
Topic: Personal Capital - Classification of JPST
Replies: 4
Views: 352

Re: Personal Capital - Classification of JPST

If you drill into the funds/allocations, you can manually allocate in PC. There are different classes of funds and tickers and sometimes they don't all pull in. I had to do this with an institutional class fund from our 401k. Can you show me the exact way to do this? I have played around with the w...
by MMLC3
Fri Jan 17, 2020 2:31 pm
Forum: Personal Investments
Topic: Personal Capital - Classification of JPST
Replies: 4
Views: 352

Personal Capital - Classification of JPST

For those who use Personal Capital here, when I go to analyze my Allocations, I am seeing that something like JPST is once counted under cash, but in other places under US Bonds Corporate and then some more allocation under US Bonds Government. Is this because I have JPST in different accounts? Is t...
by MMLC3
Wed Jan 15, 2020 1:29 am
Forum: Investing - Theory, News & General
Topic: Personal Capital / Investment Tools
Replies: 29
Views: 2113

Re: Personal Capital / Investment Tools

I've been using them for three years, and have found them to be the best in the space for ease-of-use and convenience. Far better than Mint, even just for personal finance. Sometimes their investment tools don't allocate your categories properly, but you can fix it manually. They'll call you once i...
by MMLC3
Mon Jan 13, 2020 1:21 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 280
Views: 22844

Re: 2020 Hedge Fund contest

2020 Vision Fund

Long: TSLA, AAPL, AMZN
Short: AMD, MU
by MMLC3
Wed Jan 08, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7325

Re: Piano & college admissions

Thank you everyone for your inputs. Such great wealth of info on this forum, as always. Info that was missing in OP: Son 12 yrs old Started learning classical piano when he was 7. He is at level 6, as per his teacher. Enjoys it, especially when we have friends n family visiting, he loves to play for...
by MMLC3
Sun Jan 05, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Piano & college admissions
Replies: 101
Views: 7325

Piano & college admissions

Anyone here, whose kid pursued Piano as an activity and it ended up helping them with College admissions? If yes, how exactly does that come into play? Is it based on what levels you have graduated to? Or based on where you have performed? Piano classes, at least here in CA are quite expensive for a...
by MMLC3
Sun Jan 05, 2020 11:12 am
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3049

Re: Can someone in layman’s terms tell my why I should have a HSA?

3. Potential to have smaller social security benefit based on how the account is funded (Payroll funding vs direct contribution) Could you please elaborate on this? If you contribute to your HSA via your paycheck, it reduces your Social Security wages, which means you pay less SS (FICA) tax now, so...
by MMLC3
Sat Jan 04, 2020 8:53 pm
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3049

Re: Can someone in layman’s terms tell my why I should have a HSA?

3. Potential to have smaller social security benefit based on how the account is funded (Payroll funding vs direct contribution)
[/quote]

Could you please elaborate on this?
by MMLC3
Sat Jan 04, 2020 8:50 pm
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3049

Re: Can someone in layman’s terms tell my why I should have a HSA?

Keep in mind that certain states such as mine (CA) do not differentiate between an HSA and a normal taxable account. My contributions in 2019 will not be deducted from my state income and all realized gains, dividends and interest earned are taxed as well. It gets annoying during tax time bc my HSA...
by MMLC3
Sat Jan 04, 2020 10:05 am
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3049

Re: Can someone in layman’s terms tell my why I should have a HSA?

Keep in mind that certain states such as mine (CA) do not differentiate between an HSA and a normal taxable account. My contributions in 2019 will not be deducted from my state income and all realized gains, dividends and interest earned are taxed as well. It gets annoying during tax time bc my HSA...
by MMLC3
Fri Jan 03, 2020 12:12 pm
Forum: Investing - Theory, News & General
Topic: Apple stock
Replies: 37
Views: 3802

Re: Apple stock

I may be stirring the pot here a bit. Not recommending buying or selling Apple stock. It always intrigues me that everyone keeps doubting Apple for putting out successful products. Yes there will likely not be an iPhone kind of revolutionary and ultra successful product in our lifetime. It is very d...
by MMLC3
Wed Jan 01, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Timing 401k / Roth Contributions (New Year)
Replies: 7
Views: 477

Re: Timing 401k / Roth Contributions (New Year)

The thinking is that you have more money in the market earlier. On average that will mean greater returns. But keep in mind that not all employers do a "true-up"; some only match on a per-pay-period basis and if you hit your contribution max halfway through the year then you lose out on employer ma...
by MMLC3
Tue Dec 24, 2019 9:15 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

Re: House sale - put back in new mortgage or invest

Thank you all for your responses and brainstorming. I went with pay down 600k towards mortgage and put 300k in investment account.

Now of course the next question: Given where we are, should I invest the 300k in index funds in one go, or spread them over the next 3-6 months?
by MMLC3
Thu Dec 19, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 7336

Re: Tesla Owners: Worth the hassle?

Yes, love my model 3. Also love the fact that I can charge it for free at work at about 28mi/hr. I do have the option to charge in my garage but don't end up using it. With just one charger in your condo complex, you would end up fighting for a spot as all you need is one other person to buy one and...
by MMLC3
Tue Dec 17, 2019 9:50 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

Re: House sale - put back in new mortgage or invest

What are your incomes and how are they split? What is the maximum amount of mortgage payment you can make on one of those incomes? The 1.3M mortgage that we have on the new house is the max we can afford on a monthly payment basis on my single income. Ideally reducing it somewhat, will of course gi...
by MMLC3
Tue Dec 17, 2019 9:44 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

Re: House sale - put back in new mortgage or invest

We faced the same question ten years ago. We decided to take the largest mortgage that would still allow us to make the monthly payments from cashflow from our incomes, and invested the rest. We felt the odds were that the investments would do better than the mortgage rate, and we were willing to t...
by MMLC3
Tue Dec 17, 2019 9:34 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

Re: House sale - put back in new mortgage or invest

Thank you all for your inputs.
Since multiple readers have brought that up, I'd like to clarify that we are a single income household.
by MMLC3
Tue Dec 17, 2019 9:28 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

Re: House sale - put back in new mortgage or invest

Do you itemize? If so, for option #2 consider paying mortgage down to $750k (maximum amount of debt eligible for interest deduction on mortgages issued after 12/14/17). IMO this is mostly a personal decision. I personally would use all proceeds to pay mortgage down assuming an appropriate emergency...
by MMLC3
Mon Dec 16, 2019 9:26 am
Forum: Personal Investments
Topic: House sale - put back in new mortgage or invest
Replies: 14
Views: 950

House sale - put back in new mortgage or invest

In process of completing sale of our first home: Sale price minus commissions and other taxes: ~$900k. Mortgage paid off. Cost basis $600k. So no taxes to be paid on the $300k gains. New house purchased: $1.75M Mortgage: $1.3M @ 3.00% 30 years Given what we know about markets today at ATH etc (stock...
by MMLC3
Wed Jun 26, 2019 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Are 529 contributions tax deductible in California?
Replies: 9
Views: 1209

Re: Are 529 contributions tax deductible in California?

No tax benefit from CA state. We went with Utah's 529 since they had low cost fund options. Have been happy so far. I don't know why you wouldn't just use CA's ScholarShare529. It has the lowest costs of any nationwide available plan. Utah used to be one of the lowest cost nationwide available plan...
by MMLC3
Mon Jun 24, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are 529 contributions tax deductible in California?
Replies: 9
Views: 1209

Re: Are 529 contributions tax deductible in California?

hammond wrote: Mon Jun 24, 2019 1:33 am Are 529 contributions tax deductible in California? Or are they from after-tax money?

Also, I am aware of the 15k/year/parent limit. Is this for the whole year or how does it work?
No tax benefit from CA state. We went with Utah's 529 since they had low cost fund options. Have been happy so far.
by MMLC3
Sat Jun 15, 2019 12:37 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 211
Views: 24630

Re: How have your homes as investments done?

Bay Area

House purchase: $525k in 2010
Remodeling: $30k
Current house value (based on comps) in 2019: $1.15M
by MMLC3
Fri Jun 14, 2019 1:37 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 59
Views: 4915

Re: Purchasing home with less than 20% downpayment experiences?

I was wondering, for those of you who purchased a home with less than a 20% downpayment, what was your experience like? Did the costs end up being higher than you anticipated? Were there hidden issues that you did not foresee?? Were your rates higher as a result? And would you recommend it? I am co...
by MMLC3
Tue Jun 11, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 22
Views: 3819

Re: Personal Capital Cash

Maybe now their software will stop telling me that I have too much of my portfolio allocated to cash. All I have in cash is a 6 month emergency fund! They always tell me the same thing no matter how much cash I have. Same here. Do you guys keep 6 month emergency funds in an investing account? I hav...
by MMLC3
Fri Jun 07, 2019 1:43 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 64
Views: 7595

Re: How is Merrill Edge?

I like ME for several reasons: - preferred rewards program esp with credit card boost - retention bonuses - free trades on ETFs and stocks - all accounts in one place, including BoA checking - contrary to what I’m hearing here, I like the fact that I can reach out to a specific ME rep who gives a gr...