Search found 112 matches

by Jmh04j
Fri Aug 07, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: To refi my 3.865 mortgage or not
Replies: 8
Views: 858

Re: To refi my 3.865 mortgage or not

I was in a similar situation earlier this year. I refinanced my 3.625% 30-year mortgage with a 2.99% 30-year fixed with no points. The payback was approximately 2 years. We decided to stay in the house so it made sense to do the refi. Rates are really good but just make sure to negotiate with the le...
by Jmh04j
Thu May 07, 2020 8:26 pm
Forum: Personal Investments
Topic: Vanguard to Charles Schwab
Replies: 18
Views: 2117

Re: Vanguard to Charles Schwab

I made this move about 6 months ago and have been happy with my decision. The Vanguard technology was very antiquated and after a few frustrating experiences with the app I decided to move on. I almost went with Fidelity but found their website to be not user-friendly. I consolidate my banking at Sc...
by Jmh04j
Fri Mar 20, 2020 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4812
Views: 327039

Re: Refinance Mega Thread

The reason for the spike in rates is that corporate bond spreads have increased dramatically. Until this gets under control expect mortgage rates to continue increasing.
by Jmh04j
Fri Mar 06, 2020 12:09 pm
Forum: Personal Investments
Topic: ICSH and other ultrashort term bond funds - should I be worried?
Replies: 26
Views: 2284

ICSH and other ultrashort term bond funds - should I be worried?

I have a significant amount of money in ICSH which is an investment grade short term bond fund. Should I be worried about credit loss given the volatility in the market?
by Jmh04j
Thu Mar 05, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: The unicorn mortgage: 30 year fixed under 3%
Replies: 90
Views: 15112

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

I just got quoted 2.875% on a 30 year fixed. 1.125% in fees plus normal closing costs. I figured the payback vs my current mortgage is about 4 years. I think I will be in the house for that long. Does it make sense to do it? No. I would wait. What's your current rate? Current rate is 3.625% with a ...
by Jmh04j
Wed Mar 04, 2020 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: The unicorn mortgage: 30 year fixed under 3%
Replies: 90
Views: 15112

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

Ally Bank quoted me 3%. They offer a $500 discount on closing costs. Still working to see if I can get that rate down. I really want an APR of sub 3%
by Jmh04j
Wed Mar 04, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: The unicorn mortgage: 30 year fixed under 3%
Replies: 90
Views: 15112

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

I just got quoted 2.875% on a 30 year fixed. 1.125% in fees plus normal closing costs. I figured the payback vs my current mortgage is about 4 years. I think I will be in the house for that long. Does it make sense to do it?
by Jmh04j
Wed Mar 04, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: Is this the start of the dead cat bounce?
Replies: 147
Views: 11756

Re: Is this the start of the dead cat bounce?

As of 4PM, I am 100% cash/bonds. 34 years old. Yes, I know timing the market is a bad idea. Yes, I know this could cost me hundreds of thousands of dollars in the future and I may never know when to "get back in". Whatever, I'm shooting my shot. Don't be like me. So now what? Stock market futures u...
by Jmh04j
Mon Feb 03, 2020 2:05 pm
Forum: Investing - Theory, News & General
Topic: US national debt - talk me down!
Replies: 42
Views: 3369

Re: US national debt - talk me down!

I too have long been worried about what will happen to our economy should our debt to foreign entities be called. For a nice overview of the topic, take a look at the 30-minute "bite size" version of the 2008 documentary I.O.U.S.A.: https://www.youtube.com/watch?v=O_TjBNjc9Bo I was under the impres...
by Jmh04j
Thu Jan 30, 2020 11:01 am
Forum: Personal Investments
Topic: Using ICSH for funds I expect to need in 6 to 12 months
Replies: 12
Views: 1189

Re: Using ICSH for funds I expect to need in 6 to 12 months

If a corporate bond gets downgraded couldn’t the manager of the fund just wait until maturity then not buy any more of that company’s debt? The average duration appears to be less than 5 months.
by Jmh04j
Fri Oct 18, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 4223

Re: selling house, should we put in sod to replace ugly lawn?

DesertDiva wrote:
Fri Oct 18, 2019 2:11 pm
The exterior makes the first impression. It’s not an unreasonable amount of money to improve the appearance of the property

YMMV
+1
by Jmh04j
Fri Oct 18, 2019 3:00 pm
Forum: Personal Investments
Topic: Transfer ETF's in-kind from Vanguard to Schwab?
Replies: 22
Views: 1710

Re: Transfer ETF's in-kind from Vanguard to Schwab?

I just finished the transfer process from Fidelity to Schwab and it was very easy. It takes a few days for the cost basis and performance history to update once the positions show up. My transfer from Vanguard is still in process; however, I am not expecting any issues. IMHO Schwab has the best user...
by Jmh04j
Tue Oct 08, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads at Schwab - will you start buying Vanguard ETFs instead?
Replies: 16
Views: 1967

Re: Bogleheads at Schwab - will you start buying Vanguard ETFs instead?

Timely thread for me:

I am consolidating everything to Schwab and have equal amounts of SCHB and VTI. I have no interest in selling one to buy another but am currently in accumulation mode and trying to decide which is better to go with going forward. What would y’all do?
by Jmh04j
Sun Sep 29, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Calling fellow schwabers [Where to park cash?]
Replies: 17
Views: 1936

Re: Calling fellow schwabers [Where to park cash?]

I am in process of consolidating everything to Schwab including my emergency cash. I have a ton of free trades and bought BIL to use as my emergency fund. I also use ICSH for some short term cash needs. I am intrigued by Vineviz’s recommendation to a tiered emergency fund structure utilizing target ...
by Jmh04j
Wed Sep 11, 2019 6:42 pm
Forum: Personal Investments
Topic: Short term bond ETF price fluctuation
Replies: 11
Views: 897

Re: Short term bond ETF price fluctuation

given my perception that interest rates/yields seem stable (or, even weakening)
This assumption is incorrect. The yield on the 10 year treasury has increased approximately 30 basis points in the last 5 days. That is a 20% increase in yield. I wouldn’t call that “stable”.
by Jmh04j
Mon Aug 26, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

SPDR Portfolio line. SPTM (SPDR® Portfolio Total Stock Market ETF), SPDW (SPDR® Portfolio Developed World ex-US ETF), SPEM (SPDR® Portfolio Emerging Markets ETF), and SPAB (SPDR® Portfolio Aggregate Bond ETF), and also short-term and long-term treasury and corporate bond options with ERs around .07...
by Jmh04j
Mon Aug 26, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

I use the free SPDR ETFs
Which ones do you use? I don’t like Schwab’s in-house international line up a whole lot. Curious to see what you use.
by Jmh04j
Fri Aug 23, 2019 9:56 am
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 5523

Re: Schwab user. Where should I put my Emergency Fund?

why not park it in SCHO My thought process is as follows: - Treasury is same credit risk as FDIC - If rates go up, NAV falls. The difference in yield is made up (approximately) by the effective duration of the fund. - If rates go down, NAV rises and there is upside in total return vs. a money marke...
by Jmh04j
Thu Aug 22, 2019 9:05 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 5523

Re: Schwab user. Where should I put my Emergency Fund?

Guess it's a broader question about the ideal investment is for a relatively safe rainy day fund (short term treasury ETF vs treasury MM vs on-line savings insured by FDIC). This is a great question. I am in the process of consolidating financial institutions (most likely to Schwab) and was wonderi...
by Jmh04j
Tue Aug 20, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

Convert the Admiral Shares to ETFs at VG
Schwab told me on a call that they will accept Admiral Shares and that there is no fee to sell. That may be a better move than converting to ETFs as you will then incur a $4.95 brokerage fee when you sell.
by Jmh04j
Mon Aug 19, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6550

Re: RV purchase ?

Me and wife are middle aged with 2 very young kids. Having 2 very young kids can give you a false sense of how much “weekend time” you will have going forward. As the kids age weekends will be filled with various activities such as sport practices, games, and other school related events etc. I woul...
by Jmh04j
Fri Aug 16, 2019 3:40 am
Forum: Personal Consumer Issues
Topic: Kindergarten lunches
Replies: 59
Views: 5192

Re: Kindergarten lunches

Sandwiches - PB&J or Deli Meat
Fruit
Veggie Straws or some other type of healthy(ish) option.
by Jmh04j
Sun Aug 11, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

SCHO is the ETF I use
Good call - I am thinking ISTB (iShares 1-5 year bond) also. It trades commission free at Schwab and has a 30-day SEC yield of 2.39%.
by Jmh04j
Sun Aug 11, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

OP here - I am in sales and get large chunks on cash periodically throughout the year. My original thought process was to put cash into money market then use Fidelity for bill pay. Perhaps it would make more sense to use a short term treasury etf or bond fund? Sell a few days prior to beginning of m...
by Jmh04j
Fri Aug 09, 2019 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

Recently moved from Vanguard and Fidelity to Schwab. Experience at Schwab nothing short of excellent. Banking features have been superb. No ATM fees worldwide. Not exactly sure the CMA at Fidelity really offers any major advantage over simply purchasing a treasury MM fund from Schwab. Both Fidelity...
by Jmh04j
Thu Aug 08, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

With Fido, I can initiate an external transfer and lets say pull money from my Capital One account and it is immediately available for use. Not sure if Schwab does this. Just to clarify for folks--it's immediately available for trading. The hold period can vary for withdrawal. The funds are not ava...
by Jmh04j
Wed Aug 07, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Re: Schwab as a one stop shop

We use Schwab for banking and investing. We moved form Vanguard and Wells Fargo and couldn't be happier. We use a variety of credit cards so don't consider that in the total offering. Do you keep cash in money markets or bond funds then sell and move the funds into the Schwab Bank account to pay bi...
by Jmh04j
Sun Aug 04, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12734

Schwab as a one stop shop

I have read the “Fidelity as a one stop shop” thread with much intrigue. I am currently trying all of the various Brokers to see who I like best and have it narrowed down to Fidelity and Schwab as candidates that can provide a one-stop-shop experience. I understand the Fidelity one stop shop option ...
by Jmh04j
Wed Jul 31, 2019 7:32 am
Forum: Investing - Theory, News & General
Topic: A low-cost 5 fund Boglehead portfolio
Replies: 137
Views: 26662

Re: A low-cost 5 fund Boglehead portfolio

As a result, long-term bonds offer more diversification to a stock portoflio than intermediate-term or short-term bonds do because the long-term bonds must be more volatile. And Treasury bonds offer more diversification than corporate bonds (or a total bond market fund) because their correlation wi...
by Jmh04j
Sun Jul 28, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: UPDATED: Thrift stores in the Greater Orlando Area (plus The Villages) with largest NON-FICTION BOOK selection?
Replies: 17
Views: 1766

Re: Thrift stores in Orlando / Winter Garden / Clermont, FL with largest furniture selection?

Thanks everyone. Never considered estate sales down here. I’ve been to a few in rural Upstate NY (Cartland County) and my favorite deals were the All One Money ones. Where online can I find Orlando-area estate sales? Very fun to attend even if one doesn’t buy anything. Great suggestion that would n...
by Jmh04j
Sat Jul 27, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: UPDATED: Thrift stores in the Greater Orlando Area (plus The Villages) with largest NON-FICTION BOOK selection?
Replies: 17
Views: 1766

Re: Thrift stores in Orlando / Winter Garden / Clermont, FL with largest furniture selection?

Try estate sales in wealthy areas of town. You can get high quality vintage stuff at low prices. We furnished most of our home this way. My wife loves it!
by Jmh04j
Sat Jul 27, 2019 6:14 am
Forum: Personal Investments
Topic: Charles Schwab vs. J.P. Morgan. Which one to invest?
Replies: 22
Views: 4772

Re: Charles Schwab vs. J.P. Morgan. Which one to invest?

What type of fund offered by Schwab is the closest to the VG life-strategy fund? Schwab has what’s called the “Market Track” Portfolios. Similar to Vanguard life strategy but the fees are higher. Here is a link https://www.schwab.com/public/schwab/investing/accounts_products/investment/mutual_funds...
by Jmh04j
Thu Jul 25, 2019 9:53 am
Forum: Personal Investments
Topic: How much life insurance should I get? (baby on the way)
Replies: 44
Views: 2886

Re: How much life insurance should I get? (baby on the way)

This thread is timely as I just finalized my will yesterday. My thoughts on term life insurance were as follows: A. what is a reasonable amount of $ my family would need on an annual basis? B. what is a reasonable return per year that could be generated? C. Divide A by B to get your life insurance a...
by Jmh04j
Wed Jul 24, 2019 12:26 pm
Forum: Personal Investments
Topic: What to do with cash in Schwab?
Replies: 42
Views: 3604

Re: What to do with cash in Schwab?

What about https://www.schwab.com/public/schwab/investing/investment_help/investment_research/mutual_fund_research/mutual_funds.html?path=%2fProspect%2fResearch%2fmutualfunds%2fsummary.asp%3fsymbol%3dSWYAX ? While not a cash equivalent it provides you with some growth potential. You can invest the r...
by Jmh04j
Mon Jun 10, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

No, the total return on a CD is the same as its rate. You can’t trade CDs like you can a bond or bond fund, so the “market value” of a CD is meaningless. If CDs were tradable then its rate would not have been 4.2% to begin with, it would have been lower due to liquidity discount. My thoughts exactly
by Jmh04j
Mon Jun 10, 2019 7:32 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

Which Long term treasury fund is best? EDV? TLT?
by Jmh04j
Sun Jun 09, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

Almost certainly not. I have read this thread with great interest. Below are what I think are the main takeaways: - Bonds are for safety is a fallacy. As such, an investor should look for the optimal duration risk given their time horizon. For example, if you are a young investor long term treasuri...
by Jmh04j
Sun Jun 09, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

What about active bond funds? Would this be a better strategy than a long term bond index fund for a young investor? Almost certainly not. I have read this thread with great interest. Below are what I think are the main takeaways: - Bonds are for safety is a fallacy. As such, an investor should loo...
by Jmh04j
Sun Jun 09, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

What about active bond funds? Would this be a better strategy than a long term bond index fund for a young investor? Almost certainly not. I have read this thread with great interest. Below are what I think are the main takeaways: - Bonds are for safety is a fallacy. As such, an investor should loo...
by Jmh04j
Sun Jun 09, 2019 9:41 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 17816

Re: The logical fallacy behind "Bonds Are For Safety"

What about active bond funds? Would this be a better strategy than a long term bond index fund for a young investor?
by Jmh04j
Mon May 20, 2019 1:10 pm
Forum: Personal Investments
Topic: Where to put former monthly car payments?
Replies: 4
Views: 641

Re: Where to put former monthly car payments?

I'm sure there are some that will disagree with me, but that's way, way too conservative. You should have an emergency fund with 6 months of expenses in it. Then, you should invest as appropriate for your age. When it's time to acquire a new vehicle (I always buy new), your portfolio should support...
by Jmh04j
Mon May 20, 2019 11:51 am
Forum: Personal Investments
Topic: Where to put former monthly car payments?
Replies: 4
Views: 641

Where to put former monthly car payments?

I am paying off an auto loan and need a place to put my former car payments every month. The idea is to continue making the “payments” until such time I have enough for a new car. I shouldn’t need a new car for another 5 years. I am in my early 30s and in accumulation mode. Hopefully I won’t need to...
by Jmh04j
Wed May 15, 2019 7:57 am
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 5240

Re: Thoughts on Schwab

Low interest paid on cash?????? I think your missing something. Why are you not using their money market fund paying like 2.2%+ right now. Joe I have a Schwab account but am now leaning towards using Fidelity for three (3) main reasons: - Lack of commission-free Total International Fund/ETF - Low i...
by Jmh04j
Mon May 13, 2019 6:16 pm
Forum: Personal Investments
Topic: Schwab Intelligent Advisor ?
Replies: 3
Views: 435

Re: Schwab Intelligent Advisor ?

What I don’t like about this service is that the whole service is geared towards using the Intelligent Portfolio only. You could just use the Intelligent Portfolio instead of the Advisory and save the fees.
by Jmh04j
Mon May 13, 2019 2:42 pm
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 5240

Re: Thoughts on Schwab

I have a Schwab account but am now leaning towards using Fidelity for three (3) main reasons: - Lack of commission-free Total International Fund/ETF - Low interest paid on cash - They will not let you trade until transferred $ hits your account. This is annoying on big down days when you want to buy...
by Jmh04j
Thu May 02, 2019 10:09 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4813

Re: Vanguard Free/Zero Funds

The original industry disruptor (Vanguard) is now being disrupted, especially as it relates to attracting the younger generation. They will need to do what it takes to adapt and offer value to consumers, whether it means matching the competition's race to the bottom (easy way out) or new creative s...
by Jmh04j
Mon Apr 29, 2019 6:36 am
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 10966

Re: WSJ--How Schwab Ate Wall Street

Great article- thanks for sharing.
by Jmh04j
Fri Apr 26, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: Minivan alternatives?
Replies: 54
Views: 5341

Re: Minivan alternatives?

We didn’t go with the hybrid because it doesn’t offer the sto and go seating because of the batteries. Total deal breaker for us...
by Jmh04j
Fri Apr 26, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Minivan alternatives?
Replies: 54
Views: 5341

Re: Minivan alternatives?

There is no such thing as a perfect car. We bought a Pacifica last year which was a top safety pick and we couldn’t be happier. The only viable minivan alternative we considered was a Suburban which is twice the cost and difficult to get things/people in and out, etc. Minivans are awesome; accept th...
by Jmh04j
Thu Apr 25, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Dryer solution- thanks Bogleheads!
Replies: 14
Views: 1567

Re: Dryer solution- thanks Bogleheads!

Check out the reviews at [ url]https://thewirecutter.com/[/url]. I have bought everything from a washer/dryer set to iPad covers based on their recommendations and have been very satisfied.

Best of luck!