Search found 41 matches

by Agent007
Tue May 12, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 8279

Re: Should you include home equity in Net Worth?

Should home equity be included in your Net Worth? Also, how would you calculate it - the amount of principal paid down from your original loan, the amount owed vs. estimated value of house, the amount owed vs. estimated value of house net selling expenses....? What's the point of your "net wor...
by Agent007
Tue Apr 28, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 627
Views: 91922

Re: Relationship mortgage discounts for moving a million assets

Another data point: B of A countered Citi's 2.625% Jumbo 10/1 ARM offer @ 2.5% Jumbo 10/1 ARM, $800k-1M loan w/ $3.5k closing costs, this was last week. Citi and Quicken (Schwab "VIP" services) are seeing if they can match or beat, curious what they come back with. So far B of A is the wi...
by Agent007
Wed Jan 15, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: should I be worried with having over 3M at one brokerage ?
Replies: 24
Views: 3732

Re: should I be worried with having over 3M at one brokerage ?

What I would worry about is the security of your account and your backup email. Invest in some 2 factor authentication and maybe a USB key. The last think you want is for someone to Take over your email, do a password recovery on fidelity, and then transfer money to someplace else.
by Agent007
Tue Dec 31, 2019 11:31 pm
Forum: Personal Consumer Issues
Topic: Alternative to stairs?
Replies: 38
Views: 3367

Alternative to stairs?

My wife recently had a pretty nasty fall down the stairs and it got me thinking (crazy thought here) whether living in a home with stairs is really worth it. Every time I hear her walking up or down the stairs, I get anxious and half expect to hear a huge crash. Looking far into the future, I wonder...
by Agent007
Thu Dec 05, 2019 12:28 am
Forum: Personal Investments
Topic: Vanguard brokerage won’t allow leveraged ETF purchase?
Replies: 43
Views: 2341

Re: Vanguard brokerage won’t allow leveraged ETF purchase?

We all know margin is a bad thing right? So why does Vanguard even allow people to use margin on Vanguard? https://investor.vanguard.com/investing/margin And we all think that high expense ratios are also bad. Why doesn’t Vanguard stop people from buying funds with any expense ratio higher than 1%? ...
by Agent007
Sun Oct 27, 2019 11:15 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 239
Views: 35102

Re: I’m done with index funds

Want to echo what other people here have said. - In the short term, this idea makes sense. You’re holding a basket of stocks some of which have losses. - Over time, there will be fewer and fewer loses because stocks generally go up given enough time. You can’t bank on the $50k/year on $1M indefinite...
by Agent007
Fri Oct 04, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: gifting
Replies: 30
Views: 2279

Re: gifting

Ever watch Brewster’s Millions? Forcing children to think about things like debt and paying the mortgage builds character. Why not secretly give your children something (like in a trust) and not tell them that it is there.
by Agent007
Sat Sep 28, 2019 4:52 am
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 10507

Re: Merrill Lynch Advisor wants to meet for coffee

I recently had a conversation with an ML advisor and it was a disturbing miss. Beforehand, I specifically said that my concern was that I didn’t see the advantages of being a managed customer and said that I didn’t mind paying a 1.5% management fee if I get back more than that. If I’m paying $10k pe...
by Agent007
Mon Sep 23, 2019 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Career Discussion / Options - Information Technology @ age 50
Replies: 22
Views: 2489

Re: Career Discussion / Options - Information Technology @ age 50

I'm not sure you're totally clear on your goal. These statements are a mismatch for me: - "Have been an individual contributor, never a manager" - "looking to really get into executive level at the director or so" - "interviewed at a FAANG company a year ago" Without ma...
by Agent007
Tue Sep 10, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5283

Re: Some Computer Science Career Advise?

Current megacorp just came back with a counteroffer of promotion I'd been asking for + $14k to go with that promotion. So, they would move my base up to $163k. I'm leaning towards staying because stock at the new place seems a bit harder to get than here. They keep saying that new megacorp is more ...
by Agent007
Thu Aug 22, 2019 11:01 am
Forum: Personal Investments
Topic: Negotiating Brokerage Margin Rates
Replies: 3
Views: 451

Re: Negotiating Brokerage Margin Rates

I have never negotiated margin rates at a brokerage like ETrade, but anything that you negotiate is still likely to be a higher rate than IB. Any reason you just don't move accounts to IB if you are paying that much in margin? I think it's just been inertia. It's also a pain to migrate money over t...
by Agent007
Thu Aug 22, 2019 10:33 am
Forum: Personal Investments
Topic: Negotiating Brokerage Margin Rates
Replies: 3
Views: 451

Negotiating Brokerage Margin Rates

I use Etrade and the financial consultant assigned to my account called me about some recent account changes. At the end of the phone conversation, they asked if there's anything else they could help me with. I inquired about their margin rates - mentioned that the 10% margin rates that they were ch...
by Agent007
Mon Aug 12, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 4138

Re: What am I missing about HELOCs?

I don’t have a CC with a line of $200K for starters. I recently got an offer for a HELOC at 3.5% for the first 12 months. I’m actually tempted to take $150K on the HELOC and invest it :) I think this is what the OP is looking to do. I am as well. With the current IRS tax deductions, you can only do...
by Agent007
Sun Aug 11, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 4138

Re: What am I missing about HELOCs?

I don’t have a CC with a line of $200K for starters. I recently got an offer for a HELOC at 3.5% for the first 12 months. I’m actually tempted to take $150K on the HELOC and invest it :) I think this is what the OP is looking to do. I am as well. With the current IRS tax deductions, you can only do...
by Agent007
Sat Aug 10, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 449753

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I am taking these critiques seriously, and will be issuing a revision to the strategy tomorrow. I appreciate the thoughtful discussion. These types of threads can sometimes be contentious because people don't want you to deviate so much from the Bogle prophet or contradict the Boglehead scripture (...
by Agent007
Wed Jun 19, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 118951

Re: Why are you NOT buying rental properties?

My question is ... if rental properties are so amazing, why don't the banks, who give us 80% of the money for the purchase of these places, just buy them all, have their own management company, and just own the world? Without the power of leverage, real estate is not as profitable. I've been watchi...
by Agent007
Sat Jun 01, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 627
Views: 91922

Re: Relationship mortgage discounts for moving a million assets

I want to thank this thread. I’ve been sitting on a 4.25% 30 year fixed that I got from a fancy mortgage broker. When we closed the mortgage the broker would send us gifts - wine, chocolate, a $100 pizza gift certificate. Their service was also /very/ attentive which we did appreciate. But reading t...
by Agent007
Mon May 27, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing home interest deductions
Replies: 10
Views: 634

Re: Maximizing home interest deductions

Why can't it be a mortgage? See scenario 1 here: https://www.svb.com/blogs/mary-toomey/maximizing-deductible-interest-expense Has a $2.5M mortgage against a home valued at $5M, and $3M in cash/equivalents. She converts the nondeductible mortgage interest on her mortgage balance above $750k to deduc...
by Agent007
Mon May 27, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing home interest deductions
Replies: 10
Views: 634

Re: Maximizing home interest deductions

deductions on loans that are used for investing have no limit as long as you have investment gains to offset. Please cite your source. I thought only businesses could deduct loan interest. I'm not familiar with an individual being able to deduct interest on a non-mortgage loan. It’s pretty common. ...
by Agent007
Mon May 27, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing home interest deductions
Replies: 10
Views: 634

Maximizing home interest deductions

I have a $1.3M mortgage but Uncle Sam only allows me to deduct $750k in mortgage interest. Reading some strategies on boggleheads and wondering if anybody has used this strategy. The idea here is that while the mortgage deduction is limited to $750k, deductions on loans that are used for investing h...
by Agent007
Sat Apr 20, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Airbnb - Anyone running one?
Replies: 11
Views: 2053

Re: Airbnb - Anyone running one?

You’ll make 2X what you make now but you’ll hate it. When you’re in the AibBnb business, you’re not in the real estate business - you’re in the hospitality business. And hospitality means service - answering emails, dealing with questions and problems, changing linens, keeping things in stock, etc. ...
by Agent007
Thu Apr 18, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 37
Views: 3626

Re: Basement water issues

For a french drain: okay, but where does it drain to? All the furthest points I can trench to are at similar or higher levels as the foundation top. (I say this after talking to landscaping contractors, not just random guessing.) You have to get the water to the street. If below grade, French drain...
by Agent007
Tue Apr 16, 2019 11:34 pm
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 37
Views: 3626

Re: Basement water issues

You have to understand why the water is coming in and address that. Sealing things off is a temporary solution because water will find a way. Suggestions: - Check your own gutters to make sure that they’re not clogged and that they’re not doing something dumb like draining 2 inches from the foundati...
by Agent007
Sun Dec 30, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school & savings & student debt?
Replies: 39
Views: 2874

Re: Can we afford private school & savings & student debt?

You guys are renting and are relatively mobile. Use data to find the right public school: https://www.schooldigger.com/go/NY/schoolrank.aspx — or at least look up where your kid would go if you were to send them to a public school in your existing are. Eyes wide open type of thing. Standardized scor...
by Agent007
Mon Sep 10, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 121547

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

If international was cheap before, it must be really really cheap now. Unfortunately, it's not... Abysmal growth in some areas like Europe, inability to capture growth using the stock market in high-growth areas (China, India), etc. Same old. Index Current P/E Forward P/E Historical P/E (10 Year) S...
by Agent007
Fri Sep 07, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: K1 delay and taxes
Replies: 16
Views: 1878

Re: K1 delay and taxes

I was pretty much in your same boat 20 years ago with a family K1 and yes, it bothered me. Looking back, I realize that it was foolish to put any angst or time into worrying about this. I've filed extensions for the past umpteen years. The government doesn't care as long as they get 95% of the taxes...
by Agent007
Thu Jun 07, 2018 12:01 am
Forum: Personal Investments
Topic: Understanding the impact of buying a larger house
Replies: 9
Views: 1939

Re: Understanding the impact of buying a larger house

So thanks for all the replies below (long ago). I wanted to give an update here because I actually think we landed in a pretty good place on this and wanted to share this with other people in case they're going through something similar. To recap: We live in a pretty bad part of town (it's gotten wo...
by Agent007
Sat Jan 27, 2018 2:41 pm
Forum: Personal Investments
Topic: Understanding the impact of buying a larger house
Replies: 9
Views: 1939

Understanding the impact of buying a larger house

​I’m 42. Wife is 32. Been together for 10 years and looking to (try to) conceive this year. We’re currently in a 1300 square foot townhouse in a VHCOL area. At the time we bought, the townhouse was perfect for our needs. If we have a child, I can see us needing more room 2-3 years after birth. Here’...
by Agent007
Sat Dec 30, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: wireless earbuds for exercise - airpods or ??
Replies: 28
Views: 2838

Re: wireless earbuds for exercise - airpods or ??

Look into bone conduction headphones. The biggest issue for me with regular headphones and even Bluetooth headphones is that they fallout of my ears all the time - particularly when running. With bone conduction this isn’t an issue.
by Agent007
Fri Dec 08, 2017 12:14 am
Forum: Personal Finance (Not Investing)
Topic: New homeowner/Struggling to manage money
Replies: 6
Views: 1766

Re: New homeowner/Struggling to manage money

I’m going to echo the sentiment here that you might want to consider selling the house. At 20 years old, you should be slightly mercenary about your education and career - going wherever the greatest opportunity you find regardless of where it is. A house ties you to a specific place and you don’t w...
by Agent007
Wed Nov 29, 2017 1:37 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 15270

Re: After financial independence, do you lose motivation for work?

I’m 42 and definitely finding myself with this problem. For the longest time, I worked 12 hour days 5-6 days a week and traveled for work whenever it was needed. A few months ago, I realized that my job brings in ~15% of monthly gross income with the rest coming from stock appreciation and dividends...
by Agent007
Thu Nov 16, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: question for cpa? state income tax when living / moving back and forth in CA and WA?
Replies: 17
Views: 1763

Re: question for cpa? state income tax when living / moving back and forth in CA and WA?

I agree with previous posters that the townhouse sticks out and makes the conversation more complicated. Why not sell it? If they think you are a California resident, then they’ll tax your income regardless of where it comes from. So any short term or long term capital gains from stock sales get tax...
by Agent007
Sun Nov 12, 2017 1:35 pm
Forum: Personal Investments
Topic: Anybody else experience ETrade glitches?
Replies: 3
Views: 823

Re: Anybody else experience ETrade glitches?

This sounds bad if you have experienced this several times in such short period of time. Did they give you a reason for the glitches? They did not. They said that they would send it to their “reconciliation group”(?). These differences seem to show up shortly after trades. Good call. Let me contact...
by Agent007
Sun Nov 12, 2017 1:07 am
Forum: Personal Investments
Topic: Anybody else experience ETrade glitches?
Replies: 3
Views: 823

Anybody else experience ETrade glitches?

I have everything with ETrade because I really like their mobile app, bill pay, and trading options. I’ve thought about switching to Vanguard but the benefits don’t outweigh the trouble. However, my one big issue with ETrade is the glitches that I sometimes experience. Maybe 8 months ago, I logged i...
by Agent007
Sun Nov 05, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting with significant other
Replies: 26
Views: 3006

Re: Budgeting with significant other

We keep our money separate, also happily married for almost 25 years. I pay all common bills and all big items. Her portfolio, pension, dividends, all separate. She uses her income to buy her personal things. Works great. I think not having to discuss or approve small personal items such as clothes...
by Agent007
Thu Oct 26, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 8058

Re: My fear about buying a house justified?

TL;DR - It's not worth it. My wife and I have accumulated a pretty nice nest egg for ourselves over the past several years and this weekend, we were looking at buying a larger house because "wouldn't it be nice if we had X". We don't have kids yet but we talk about a time in the future whe...
by Agent007
Fri Oct 20, 2017 9:50 pm
Forum: Personal Investments
Topic: Is my rental property worth keeping?
Replies: 28
Views: 3105

Re: Is my rental property worth keeping?

The S&P has increased by about 100% since 2013. So if you initially invested the $100k in the stock market, you would have made $100k. Instead, the real estate investment went from $300k to $380k — an $80k return. It’s not terrible but not something to write home about. Why not free up the capit...
by Agent007
Sun Oct 08, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 3219

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

I'm going to disagree here. Stay in your current job / field for another 12 months and see if you can make changes that would improve things. It would be one thing if in your post you waxed on about how great it would be to be an energy trader. But I didn't see that. Instead, you said "I really...
by Agent007
Sun Oct 01, 2017 6:20 pm
Forum: Personal Investments
Topic: Backdoor Roth Conversion
Replies: 6
Views: 816

Re: Backdoor Roth Conversion

https://www.reuters.com/article/column- ... U420140409

Ok - interesting. By moving the traditional IRA to a 401k, this clears the deck and allows me to the do a Backdoor Roth going forward.
by Agent007
Sun Oct 01, 2017 4:20 am
Forum: Personal Investments
Topic: Backdoor Roth Conversion
Replies: 6
Views: 816

Backdoor Roth Conversion

I am 42 and at the income level where I can’t invest in a Roth IRA. I have a traditional IRA with about $400K in it. A few years ago, my accountant suggested I rollover my traditional IRA into a Roth IRA and I completely got sticker shock at the tax bill that would have been due had I done that. Par...
by Agent007
Sun Oct 01, 2017 3:52 am
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 6000

Re: For buying house: how do you know which schools are "good"?

All public schools are required to take standardized tests. You can then order the schools by how they did on the standardized tests. School choice of course is more complicated than that - but it’s an excellent start.
https://www.schooldigger.com/go/WA/schoolrank.aspx