Bogleheads.org

truenyer

Please stay on-topic. No disrespect here... but please realize this has only peripherally been about GME. What's happened in the last week is more of the battle between retail investors (that includes us, even if we are buying our beloved TSM) and the financial institutions. You all do a good job o...

truenyer

Robinhood is apparently force selling some clients GME to mitigate RH’s risk....WTF? My guess on this is those were margin accounts, and the individuals affected didn't understand they were buying on margin. I agree. Terrifying. Many reporting that they did this on accounts that did not have margin...

truenyer

RJC wrote: ↑Thu Jan 28, 2021 12:31 pm I have heard RH is owned by Citadel? Is this why they stopped letting folks purchase?

They're not owned, but they are in bed together. Citadel processes RH's trades. And has supposedly given RH $$ to get trade data from RH.

Remember, if the product is free, YOU are the product.

truenyer

mediahound wrote: ↑Thu Jan 28, 2021 12:27 pm This is certainly gambling, not investing.

That's exactly the point. The retail investors are trying to out-gamble the HFs. It's an epic battle to be sure.

truenyer

Faisal wrote: ↑Thu Jan 28, 2021 11:43 am I am sorry but what is happening to GME is literally what has happened to the market this entire year. The market is divorced from the economic realities of the global economy.

TLDR: Wall St is *not* the economy.

truenyer

When do those platforms open up trading again? They can't do this forever. presumably when the shorters cover their positions, which will reduce the "volatility." The book/movie just got a lot more interesting. Exactly. I for one really hope this gets a full SEC investigation when this is...

truenyer

as9 wrote: ↑Thu Jan 28, 2021 10:50 am When do those platforms open up trading again? They can't do this forever.

presumably when the shorters cover their positions, which will reduce the "volatility."

truenyer

So Redditors are openly conspiring to manipulate a bunch of stock prices, which is totally illegal. I get everyone hates short sellers, but still. Creating bubbles that will have collateral effects on the markets as the hedge funds unwind to cover. Great. Just great. So much “fun.” We like the stock.

truenyer

Question about a scenario where one were to short 10 shares of XYZ at $10 each ($100) and the stock goes to $0 before one could buy to cover the short...would that mean the entire $100 was lost? If it goes to $0, or say $0.01, the shorters buy back 100 shares for $.01 each for a total of $1. Then t...

truenyer

I've been coming here for a few years and align for the most part with the BH philosophy. I have seen WSB come up in my reddit feed in the past and just rolled my eyes. It's obvious GME is different. There is something grassroots and Occupy Wall St-esqe about the movement. That is news in itself, an...

truenyer

Who is the other online lender? Loan Depot Loan Depot has been very good to me (for the 4 months I held a refi with them - just funded a new refi not with them today). I don't think Chase is sending you red flags, but more so that they are a huge bank and are therefore super slow to make any change...

truenyer

Who is the other online lender? Loan Depot Loan Depot has been very good to me (for the 4 months I held a refi with them - just funded a new refi not with them today). I don't think Chase is sending you red flags, but more so that they are a huge bank and are therefore super slow to make any change...

truenyer

I sent one single LE to LenderFi and asked if they could meet or beat it. LenderFi then canceled my application. LenderFi's offer was garbage anyway, but they either couldn't or wouldn't improve it when provided evidence of a better offer from elsewhere. Not sure how they can do business this way o...

truenyer

I highly doubt you are being bait-and-switched, especially from a reputable company. What are you concerned about? If you are ready to lock the rate, why not do it today? Do those loan fees *include* pre-paids, or just loan origination/recording fees? I want it rate locked. My dilemma is that it’s ...

truenyer

I have a minor dilemma that may be some of you can provide some direction on. I’ve got two disclosures from separate loan companies. My intentions are to refi my high balance conforming loan and include a portion of my heloc loan while keeping the balance under the conforming limit of $822k (I’m in...

truenyer

I am currently in the underwriting stage with Better. However, I noticed today that the "Estimated total Payoffs and Payments" on my LE went up by about 500$.(So its higher than the loan amount by 500$ now). None of the numbers from Sections A through J, nor the loan amount has changed, s...

truenyer

HockeyFan99 wrote: ↑Wed Jan 13, 2021 9:32 pm and the 1/8th of a point (potentially) doesn't seem worth the work.

Some of us here would disagree (me included). But yeah, that's a totally personal call!

truenyer

I've been reading through the pages and pages and trying to piece things together, but since I see there may be an incentive to move quickly if rates are rising I'm hoping for a quick read on whether a refi is likely to make sense for me and, if so, where to start (it seems like order of approachin...

truenyer

For someone wanting to hedge bets, 50/50 does minimize the maximum error. Not what I would personally suggest, but appropriate for the general guidelines section. In short, it ain't broke so let's not try to fix it. To be clear, I think 50/50 is actually a reasonable answer for many people. Tangent...

truenyer

Why would there be such an option? Wouldn't that just be a Roth 401k (or 403b or 457b depending on employment type). Is there an after tax retirement contribution in the tax code other than a Roth style. The Roth 401K is different than the After Tax option. The after tax option (depending on the pl...

truenyer

The company I work for has our 401K through Vanguard. We are able to do both, a traditional 401K and a Roth 401K. My employer does a 5% match. The OP is asking about a 3rd option: non Roth after tax contributions. Why would there be such an option? Wouldn't that just be a Roth 401k (or 403b or 457b...

truenyer

The company I work for has our 401K through Vanguard. We are able to do both, a traditional 401K and a Roth 401K. My employer does a 5% match. The OP is asking about a 3rd option: non Roth after tax contributions. Why would there be such an option? Wouldn't that just be a Roth 401k (or 403b or 457b...

truenyer

If I've locked with LenderFi already (yesterday), does LF allow you to re-lock at a lower rate if rates drop? Sorry, I'm relatively new to refinancing and always assumed that once you lock your rate, that's it. I've seen a few people post that they can sometimes get a better rate even after locking...

truenyer

I have applied with 3 different lenders and I am close to making a final choice. If I select 1 lender, do I need to do anything to formally “cancel” the process with the other two? I have filled out the application paperwork with all three to get the formal loan estimates and uploaded my supporting...

truenyer

Quick question. In the Complex Cases > Maxing Out I see you added a table with sample marginal rates and breakeven withdrawal rates. Under the table you say even with a marginal tax rate today of 50.3%, after 40 years Roth contributions give more money after taxes with a withdrawal rate below 27%. ...

truenyer

Quick question. In the Complex Cases > Maxing Out I see you added a table with sample marginal rates and breakeven withdrawl rates. Under the table you say even with a marginal tax rate today of 50.3%, after 40 years Roth contributions give more money after taxes with a withdrawal rate below 27%. Ma...

truenyer

Yes I meant new loan with current lender with a better rate, the title costs are ridiculously high in my area so I would like to check with current lender before moving to another lender. If your current lender won't change your rate without a refi (chances of that are small) you will still have to...

truenyer

1. Is this true that the acquired price does not matter when selling i.e ( if I acquired at 100K vs say 500K and sell the house at 1M), the LTCG is calculated based on difference between 1M and any existing loan amount - selling costs? If I completely pay off house, will I pay be paying LTCG on the...

truenyer

Many insurers won't give you umbrella coverage unless the underlying policies are written by them also.

truenyer

1. Is this true that the acquired price does not matter when selling i.e ( if I acquired at 100K vs say 500K and sell the house at 1M), the LTCG is calculated based on difference between 1M and any existing loan amount - selling costs? If I completely pay off house, will I pay be paying LTCG on the...

truenyer

Yes I meant new loan with current lender with a better rate, the title costs are ridiculously high in my area so I would like to check with current lender before moving to another lender. If your current lender won't change your rate without a refi (chances of that are small) you will still have to...

truenyer

I recently refinanced to a 30 yr loan at 2.5 rate of interest. I just received a goodbye letter from the lender who refinanced the loan stating the loan has been transferred to a new loan processing agency and this new agency is notorious and has several bad reviews, should I start looking to refin...

truenyer

JHC wrote: ↑Thu Jan 07, 2021 3:45 pm This might just be because the loan amount is $583k and the fees/lender credit are only $747, so it's not enough to move the APR even a thousandth of a decimal point?

Exactly!

truenyer

I recently refinanced to a 30 yr loan at 2.5 rate of interest. I just received a goodbye letter from the lender who refinanced the loan stating the loan has been transferred to a new loan processing agency and this new agency is notorious and has several bad reviews, should I start looking to refin...

truenyer

In this case both the APR and interest rate are 2.375%, since there are zero fees / origination costs for the loan. Ok. Just note that the official APR does NOT include lender credits. So the actual APR will be higher. But you can ignore it. You really only need to look at A+B+C+E-lender credits. T...

truenyer

In this case both the APR and interest rate are 2.375%, since there are zero fees / origination costs for the loan. Ok. Just note that the official APR does NOT include lender credits. So the actual APR will be higher. But you can ignore it. You really only need to look at A+B+C+E-lender credits. T...

truenyer

I'm trying to pick between refi options right now, open to advice. Here is the relevant info / options: State: CA Outstanding mortgage: $583k Property Value: $1M Interactive Mortgage 30 yr fixed, 2.375 APR, zero closing costs (appraisal waived, lender credits to cover title, pay off fees, etc.). Lo...

truenyer

Anyone close with LF in the last week or so? I got my closing disclosure on the 30th stating a closing on the 4th and funding on the 8th. I replied right away with some questions (on the 30th). Never heard back. Emailed and called multiple times. Today is the 5th and I haven't heard from the notary ...

truenyer

Sandtrap wrote: ↑Mon Jan 04, 2021 1:49 pm Uncomfortable healthy 6 figures.

j

Ditto. We were at $150k (about $40k of that is mortgage excluding taxes).

truenyer

I refinanced in October as a high-balance conforming. Started my current (next) refi in mid-December knowing that the limits were going up. My loan officer said that a lot of people were already doing that (prior to 1/1) so I think there might be a surge. That said, the refi surge seemed pretty high...

truenyer

Same here with Fidelity. I logged into HE last night, but other than a form for what they call a "Partial Transfer" to another custodian which only stated that you need to keep at least $25 in the account after the transfer, there was no mention of fees. So I sent a note to them yesterday...

truenyer

Nope. I've never informed HE of anything, ever. Fidelity takes care of everything from the one request form on their site. Sometimes I've had to upload a recent statement from my HE account with my request on Fidelity's site, but they take care of 100% of everything. It takes 3+ weeks start-to-fini...

truenyer

My Fortune < 30 company allows aftertax contributions AND in-service withdrawals. So I mega-backdoor Roth every year. Unfortunately, they only allow a *once* per year in-plan Roth conversion, which is annoying. I've heard of some companies that allow daily in-plan Roth conversions, which sounds amaz...

truenyer

our objective really ought to be to maximize after-tax income, not to minimize taxes. There is a significant difference between the two strategies. Maybe a stupid question, but what's the actual difference? Maximizing after-tax income *in retirement* leads one to believe that all voluntary contribu...

truenyer

How is "just suck it up" really any different that saying "don't just do something, stand there?" :? :oops: It's not functionally any different. But that word ("suck") can be a trigger for some. Yeah, apparently! :oops: I'll throw myself at the mercy of the moderators....

truenyer

Yes and no. The two articles doesn't really address this. The number one question is, how much spending power do you want your portfolio to support? What tax bracket is that in? Then once you know your desired level of spending and its tax bracket. You can compare it to what bracket you are in toda...

truenyer

After you upload your docs, you'll get a call to lock. That's when you'll typically get presented with a better rate. Ahh, many thanks. The document burden is reasonable. Will do today. I’ve gotten a real quote (two different times) before uploading anything. In fact, their disclosure portal is dif...

truenyer

I would not adjust or change anything. My recommendation is on the employee side. KlangFool right, but company matches must go into traditional. if you get a 100% match that means almost 40k into the traditional vs 6k in roth. you'll hit the $1m mark pretty quickly at that rate of contribution. And...

truenyer

6) Just suck it up. Being forced to take "too much" money at age 72 is a good problem to have. Pay the piper and than spend more, save more or give it away. 8-) Yeah sure these are first world problems... But people come here to get advice on how to optimize our futures. Telling someone t...

truenyer

Because while $19.5k to t401k and $6k to Roth might sound ok, $40k to t401k and still only $6k to Roth is NOT tax diversification. Especially at the account balances we are talking about (and on my thread also...). On a side note, I've never completely understood why so many seem to believe that 't...

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