Search found 1903 matches

by drk
Fri Sep 25, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: New iShares 25+ Year Treasury ETF
Replies: 19
Views: 1746

Re: New iShares 25+ Year Treasury ETF

indexfundfan wrote: Fri Sep 25, 2020 7:13 am That's an improvement over it's other treasury ETFs with ER 0.15%.
Same management fee, but with a fee waiver for 0.08% of it. They set their sights on EDV.
by drk
Thu Sep 24, 2020 5:16 pm
Forum: Investing - Theory, News & General
Topic: A Good Technology Fund or EFT?
Replies: 25
Views: 1888

Re: A Good Technology Fund or EFT?

abuss368 wrote: Thu Sep 24, 2020 12:12 am Home Depot in a technology fund?
Home Depot (like Nike, Domino's Pizza, and the New York Times Company) is a technology company that just happened to start with physical products.
by drk
Thu Sep 24, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Bogleheads knows how many Echo devices I have
Replies: 66
Views: 3079

Re: Bogleheads knows how many Echo devices I have

dodgema wrote: Thu Sep 24, 2020 3:39 pm Yep, I got 3 as well. Now the curious part is, why the reference to Bogleheads?
See my comment above yours. That Bogleheads.org thread is just the highest-ranked one in its search index.
by drk
Thu Sep 24, 2020 3:36 pm
Forum: Personal Consumer Issues
Topic: Bogleheads knows how many Echo devices I have
Replies: 66
Views: 3079

Re: Bogleheads knows how many Echo devices I have

Out of curiosity, I just tried asking the same question and got the following response: "Here's something I found on the Web: according to Bogleheads.org, you have three Echo devices." In fact, I have five Echo devices physically located in my home but one is still in the box (unopened) and another...
by drk
Thu Sep 24, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Bogleheads knows how many Echo devices I have
Replies: 66
Views: 3079

Re: Bogleheads knows how many Echo devices I have

Dottie57 wrote: Thu Sep 24, 2020 3:25 pm And yeppers, I did receive an email promoting Amazon Echos.
That makes sense. Today is an Amazon device launch day, which includes several new Alexa products.
by drk
Thu Sep 24, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 30yr fixed jumbo Wells Fargo options w points
Replies: 10
Views: 737

Re: Comparing 30yr fixed jumbo Wells Fargo options w points

Those are long break-even periods, and 2.625 is already a great rate. Even if you keep the house forever, you won't necessarily keep the mortgage forever. Check out the Relationship mortgage discounts for moving a million assets thread for what you can expect once things return to normal, but I woul...
by drk
Wed Sep 23, 2020 10:20 pm
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 129
Views: 10796

Re: Long Suffering VXUS Holder No More

Warren Buffett said something like "Never, ever bet against America.” I think this advice will stay true for my lifetime. I know that arguing from authority is a fallacy but it's foolish not to listen to one of the greatest investors of all time. Buying international stocks isn’t a bet against Amer...
by drk
Wed Sep 23, 2020 9:48 pm
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 129
Views: 10796

Re: Long Suffering VXUS Holder No More

Actin wrote: Wed Sep 23, 2020 9:32 pm Here's a rhetorical question. How many years of a fund underperforming does it take before it can be considered a bad investment compared to others?
Rhetorically, I would encourage people to avoid outcome bias.
by drk
Wed Sep 23, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2762193

Re: U.S. stocks in free fall

Not the OP, but I did buy 100 shares of NKLA at ~$52.5/share. Still can't decide should I sell them and save whatever is left or just sit back to see my investment go to zero, with a chance that some day the share price may go back to my purchase price. Assuming it goes to zero from here, would los...
by drk
Tue Sep 22, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Finance to put 20% down on House
Replies: 21
Views: 3251

Re: Bad Finance to put 20% down on House

I don't know how it works now, but you used to be able to get a HELOC to make up the difference to 20%. When I bought my house 18 years ago, I put 3% down, had a 17% HELOC, and the rest was a fixed rate loan. No PMI. The HELOC and loan were from the same lender. You had to pass all the lender's deb...
by drk
Tue Sep 22, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 161678

Re: Bank of America/Merrill Edge - Preferred Rewards

atdharris wrote: Tue Sep 22, 2020 3:07 pm That's what I assumed. Perhaps it's worth a call back in that case. I wanted to avoid having something pushed on me at present.
You can if you like, but I would second Leesbro63's approach.
by drk
Tue Sep 22, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 161678

Re: Bank of America/Merrill Edge - Preferred Rewards

On a somewhat related note - I just got a call from a Merrill Financial Solutions advisor saying it was time for my "periodic review." I am currently with the self-directed ME service. I assume he is just calling to try to get me to sign up with an advisor? I have never received a call like this be...
by drk
Tue Sep 22, 2020 12:08 pm
Forum: Personal Investments
Topic: Why is this portfolio wrong?
Replies: 55
Views: 3648

Re: Why is this portfolio wrong?

In what sense of the word 'wrong' are you asking your question? It has an interesting premise buried somewhere in there.
by drk
Tue Sep 22, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: Computer Monitor, what to get? (So many options)
Replies: 24
Views: 1370

Re: Computer Monitor, what to get? (So many options)

bostondan wrote: Tue Sep 22, 2020 8:13 am In my house we have two Dell Ultrasharp 38" curved monitors (U3818DW) and they are amazing.
Offering a hearty second on this. I have an earlier model at work and ended up kitting out both of our offices at home with these at the start of the pandemic.
by drk
Mon Sep 21, 2020 9:16 pm
Forum: Investing - Theory, News & General
Topic: What bonds should I look at for the next 15 year period?
Replies: 25
Views: 2911

Re: What bonds should I look at for the next 15 year period?

Long term treasuries seem to be too risky. I don't know if this is market timing or just looking at the potential risk vs reward given that rates are so low. Current rates are just one part of the equation. Buying and holding long-term Treasury fund with an effective duration around 15 years is an ...
by drk
Mon Sep 21, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 137
Views: 11840

Re: who do you bank with and why?

DaftInvestor wrote: Mon Sep 21, 2020 8:52 pm
??? Not true for me. I have to wait for externally transferred funds to clear before I can do anything with them.
Are you pulling into your brokerage account or CMA?
by drk
Mon Sep 21, 2020 7:11 pm
Forum: Investing - Theory, News & General
Topic: Is the execution of a trade more or less advantageous depending on the broker?
Replies: 41
Views: 1947

Re: Is the execution of a trade more or less advantageous depending on the broker?

What you'll want to look for is the brokers FIF Rule 605/606 Working Group report. (As mentioned above, my understanding is that this report is currently voluntary but the plan is to make it mandatory "soon", so it is hard/impossible to find for many brokers.) The Fidelity page linked above include...
by drk
Mon Sep 21, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: Is the execution of a trade more or less advantageous depending on the broker?
Replies: 41
Views: 1947

Re: Is the execution of a trade more or less advantageous depending on the broker?

If you want to know about a broker's execution quality then just look at its execution quality statistics. You don't have to try to infer its execution quality from other things. Where do you find this information? Searching "{broker} execution quality" should turn up: Fidelity Schwab Merrill Edge ...
by drk
Mon Sep 21, 2020 6:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2762193

Re: U.S. stocks in free fall

In other news, is anyone else worried about how the feral swine bomb will impact your portfolio? Wild hog populations are soaring in what experts dub ‘a feral swine bomb’ Source I read yesterday that China's strategic pork reserve was down to two months' supply, so maybe there's an opportunity here.
by drk
Mon Sep 21, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12932

Re: Is anyone waiting until after the election?

bigskyguy wrote: Sun Sep 20, 2020 7:52 pm an economic infection point
This typo provides an apt name for the COVID-19 shock.
by drk
Sun Sep 20, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7017
Views: 467586

Re: Refinance Mega Thread

Lee_WSP wrote: Sun Sep 20, 2020 2:51 pm Quick verification:

Better is offering 3.25% at a cost of ~$1400.
Current rate is 3.85%
Loan amount ~$250k

I'm assuming I should keep looking?
That would be a good offer on a Jumbo, but that sucks for conforming.
by drk
Sun Sep 20, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 15024

Re: Is Costco worth the $120 membership?

Stinky wrote: Sat Sep 19, 2020 9:40 pm I prefer Sam's. Our Club has self-checkout, which I hugely prefer to the lines at our Costco (no self check out).
My local Costco store has self-checkout, which was conveniently empty yesterday while the regular checkout had lines six-deep. Maybe they'll roll it out to yours.
by drk
Sat Sep 19, 2020 4:14 pm
Forum: Personal Consumer Issues
Topic: Which snow tires for serious snow commuting?
Replies: 29
Views: 1500

Re: Which snow tires for serious snow commuting?

Blizzak for sure. Mine have gotten my FWD compact car to each of the area ski resorts and national parks in terrible conditions.
by drk
Sat Sep 19, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 137
Views: 11840

Re: who do you bank with and why?

Fidelity. Earlier this year, I moved there from Schwab because of better rates on my idle cash, better brokerage overdraft set-up, and equally good ATM perks. I also consolidated all of my investments there because of convenience (my employer's 401k is there) and the incredibly good HSA. Now that th...
by drk
Fri Sep 18, 2020 12:32 am
Forum: Personal Investments
Topic: Funding new bank with credit card -- considerations
Replies: 3
Views: 263

Re: Funding new bank with credit card -- considerations

There’s typically a limit to credit card funding. Look for your CU on Doctor of Credit’s list.
by drk
Thu Sep 17, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Condo rich vs house poor?
Replies: 56
Views: 5009

Re: Condo rich vs house poor?

slightly off topic but what exactly is it that you guys do to make $500k in income? LOL, I must be in the wrong field (Software Engineering) as a lot on this board list incomes in that range... :happy A pair of SDEs can easily pull down that kind of comp with mid-level roles. They just need to move...
by drk
Thu Sep 17, 2020 11:08 am
Forum: Personal Consumer Issues
Topic: Chase Freedom to Freedom Unlimited on Credit history
Replies: 33
Views: 1581

Re: Chase Freedom to Freedom Unlimited on Credit history

Probably not deactivating, but stop offering to new customers. You may still keep it but they recommend switching to the Unlimited or Flex. Based on past migrations (e.g., Marriott Bonvoy), that means that at some point in the next two years Chase will offer 10k UR points or something to get Freedo...
by drk
Wed Sep 16, 2020 7:21 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 13279

Re: Is it worth to relocate for retirement?

I would disagree, "Taxachusetts" has some pretty harsh taxes for certain people. The Estate Tax is especially burdensome, up to 16%, and the ENTIRE estate starts getting taxed if you're only $1 over $1 million. So if your estate is $1,000,001, the entire estate is then subject to the first estate t...
by drk
Wed Sep 16, 2020 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20646

Re: Preparing for retirement in mid 30s

BolderBoy wrote: Wed Sep 16, 2020 6:43 pm At what inflation rate? I'm still surprised it works and would be biting my nails if I tried it.
It's using CPI to project the inflation rate, which honestly means that it's probably overestimating.
by drk
Wed Sep 16, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20646

Re: Preparing for retirement in mid 30s

If financial disaster strikes, I am willing to do whatever it takes, including getting random part-time jobs. But my expectation is that this risk is very low and I do not want to overcompensate for it. if it happens I will deal with it then in whatever way I can. I hear you. Based on your situatio...
by drk
Wed Sep 16, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13736

Re: Is this guy trying to scam me on a car I'm selling?

I can't decide if he is a scam or not. But as a non-native English speaker, I can confirm that the above words in red are not commonly used by people with English as second language. This guy is either an English- language native scammer, or English- language native legit! He is not a Nigerian prin...
by drk
Wed Sep 16, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20646

Re: Preparing for retirement in mid 30s

Two things that make this riskier: 1. Young kids 2. No income outside of investments Your spending will have some unpredictability baked in, and your income is relatively fragile. Until the kids are grown, I would maintain a contingency plan to add new income if necessary (e.g., consulting, occasion...
by drk
Tue Sep 15, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Can VTSAX accidentally sell all its stock holdings?
Replies: 47
Views: 3798

Re: Can VTSAX accidentally sell all its stock holdings?

No, because VTSAX doesn't really sell holdings. Its turnover rate in 2019 was all of 4.1%. If you're interested in learning about the fund's actual operations rather than being concerned for no reason, the Trillions podcast recently interviewed Gerald O'Reilly, the principal PM for Vanguard's big st...
by drk
Tue Sep 15, 2020 7:59 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13736

Re: Is this guy trying to scam me on a car I'm selling?

^ The available times seal the deal. He's literally only available when banks are not going to be open.
by drk
Tue Sep 15, 2020 7:34 pm
Forum: Personal Consumer Issues
Topic: Is this guy trying to scam me on a car I'm selling?
Replies: 172
Views: 13736

Re: Is this guy trying to scam me on a car I'm selling?

Absolutely bizarre language for Mike the Construction Manager.
by drk
Tue Sep 15, 2020 6:38 pm
Forum: Personal Investments
Topic: When is a startup dead so we can claim the loss on shares?
Replies: 23
Views: 2024

Re: When is a startup dead so we can claim the loss on shares?

Maybe consult with a CPA, but I believe you can abandon your interest in the stock : If you own securities, including stocks, and they become totally worthless, you have a capital loss but not a deduction for bad debt. Worthless securities also include securities that you abandon. To abandon a secur...
by drk
Sat Sep 12, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7017
Views: 467586

Re: Refinance Mega Thread

The real question is, why is FHFA implementing a refinancing fee of 0.5%. Mortgage News Daily had a take on it : Lender margins are wide. In other words, lenders haven't dropped rates as much as the bond market would allow them to (a decision driven by necessity due to capacity constraints amid a r...
by drk
Sat Sep 12, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: is it time to pay off my 2.375% mortgage?
Replies: 39
Views: 3597

Re: is it time to pay off my 2.375% mortgage?

Unless I'm missing something, you have: Very little in the way of assets Expenses in excess of income If that's accurate, no, I don't think you should use your remaining savings to pay off your mortgage. It seems that doing so would just accelerate insolvency. Thanks for breaking out your expenses. ...
by drk
Sat Sep 12, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7017
Views: 467586

Re: Refinance Mega Thread

propertyrefi576 wrote: Fri Sep 11, 2020 10:32 pm I am hearing about LenderFi waiving appraisal - its not something that THEY make the call on right ? it has to be desktop underwriting from fannie and freddie ?
Yes
by drk
Fri Sep 11, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11575

Re: Should we buy a $3M+ house with parental help?

How is it you have a fabulous income ($800K/yr) and only one year of salary saved up? I know taxes are eating a lot of it up, but still, there's a lot of space between your annual expenses and your annual income.... I say "no" because this doesn't compute. OP covered that back on Page 1: We had lat...
by drk
Fri Sep 11, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11575

Re: Should we buy a $3M+ house with parental help?

No strings attached (except expectation to buy a house with it eventually. Not necessarily for $3M but given our rent that is the minimum spend that makes sense to us to move). They just want the best for us. Whatever they are going to do except tell us to buy a house would happen whether they give...
by drk
Fri Sep 11, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bet that 30-year mortgage rates are below 2.00% by July 2021
Replies: 37
Views: 3813

Re: Bet that 30-year mortgage rates are below 2.00% by July 2021

1) Do you think I'll win or lose the bet? You'll lose. Mortgage originators and servicers won't give up that much of their vig. 2) Where do you think 30-year mortgage rates for people with good credit and good equity will be by next July? Lower than they are now. Once the turmoil eases and business...
by drk
Thu Sep 10, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11575

Re: Should we buy a $3M+ house with parental help?

TxAg wrote: Thu Sep 10, 2020 4:42 pmI vote no
Agreed. This is the prototypical example from Millionaire Next Door. OP, you're doing great, so keep doing you.
by drk
Wed Sep 09, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2762193

Re: U.S. stocks in free fall

ImUrHuckleberry wrote: Wed Sep 09, 2020 7:53 pm Am I missing something? Futures look flat to me right now.
You forgot to don your bear blinkers.
by drk
Tue Sep 08, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10334

Re: Is it really passive index if S&P actively excludes Tesla?

PicassoSparks wrote: Sat Sep 05, 2020 1:22 am It is one of the great ironies of life that the S&P 500, the poster child for passive investing, is an actively managed index.
Every index is actively managed. It's the funds tracking the index that are passive.
by drk
Mon Sep 07, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33465

Re: For those with $500k-$1m in investments...

My investments are:

40% pre-tax
20% post-tax (Roth + HSA)
40% taxable/non-advantaged

I contribute to all three pools monthly, with about 40% of gross income split ~equally between the three, and to taxable a few times a year when RSUs vest.
by drk
Mon Sep 07, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12550

Re: Buying vs. Renting Principles

> home is a consumable I've seen this multiple times, and I don't buy it. Unless "consumable" means something different than what I think. A consumable (like a steak, or an ordinary car) is something that loses value with time and is eventually used up. That is most definitely not the case for hous...
by drk
Mon Sep 07, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage on Purchase of New Home: Advice Please
Replies: 11
Views: 1104

Re: Mortgage on Purchase of New Home: Advice Please

I'm looking at putting 25% down because I believe it allows me to avoid a jumbo mortgage, which had a higher rate. Your comment about 20% makes sense, unless I misunderstand the impact of a jumbo mortgage on rates. Jumbo mortgage rates are higher right now, but they're not bad on a purchase (e.g., ...
by drk
Sat Sep 05, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Underwriter asking about husband's old child support as if it is current
Replies: 21
Views: 2414

Re: Underwriter asking about husband's old child support as if it is current

I would call your mortgage broker or loan officer and press them to make the situation clear to the underwriter because you don't like repeating the same information and being ignored.
by drk
Thu Sep 03, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4812
Views: 923389

Re: Chase Freedom Unlimited: Questions

1. It offers "0% Intro APR for the first 15 months." Does that mean they don't charge me interests, monthly late fees, or penalty fees for the first 15 months? For example, each month I have a $1K balance. I choose not to pay it off. After 15 months, I have a $15K balance. On day 1 after 15 months,...