Search found 266 matches

by Bwlonge
Sat Feb 13, 2021 8:14 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 547
Views: 43479

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Forget ARK for a second though. Even something as mundane as QQQ. If you invested everything in QQQ over the last 20 years over VTI, you would have come out way ahead. I'm assuming similar for VGT. At this point, why wouldn't a broad tech fund get the same respect as VTI? I'm thinking that technolog...
by Bwlonge
Sat Feb 13, 2021 7:28 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 547
Views: 43479

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

I for one don't have disdain for ARK funds or for aggressive investments. Despite my Value orientation, I have had a taste for aggressive investments for many years. The problem is that market beaters like ARKK have a hard time sustaining their returns, asset bloat is one issue and changes in the m...
by Bwlonge
Sat Feb 13, 2021 6:52 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 547
Views: 43479

Why the disdain for managed funds like ARKK that destroy total market funds?

I've been looking into the ARK ETFs and this forum is a place I tend to look for financial opinions. The posts I've seen here, unsurprisingly, have negative sentiments toward ARK funds. Bogleheads are happy to have money in passive low ER funds. I followed that advice for a while but it ended up lea...
by Bwlonge
Wed Feb 03, 2021 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Personal debt leverage & tolerance
Replies: 7
Views: 751

Re: Personal debt leverage & tolerance

Hey, having a hard time finding posts on personal debt leverage. Is this the acceptable calculation? Total annual debt/Gross annual income (or total monthly debt/total monthly income) I just revamped my personal budget spreadsheet, and if the above is correct, I can add my rolling 12-month leverage...
by Bwlonge
Wed Feb 03, 2021 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Personal debt leverage & tolerance
Replies: 7
Views: 751

Re: Personal debt leverage & tolerance

The first thing you have to tell us is whether you're leveraging your lifestyle or your investments. Good point. My car loan is the last of my lifestyle leverage, the rest is for my house and my rentals. I could live in a slightly less expensive house, but so could everyone and that's not necessary...
by Bwlonge
Tue Feb 02, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Personal debt leverage & tolerance
Replies: 7
Views: 751

Personal debt leverage & tolerance

Hey, having a hard time finding posts on personal debt leverage. Is this the acceptable calculation? Total annual debt/Gross annual income (or total monthly debt/total monthly income) I just revamped my personal budget spreadsheet, and if the above is correct, I can add my rolling 12-month leverage ...
by Bwlonge
Mon Feb 01, 2021 6:59 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4143
Views: 201958

Re: [GameStop GME trading mega-thread]

"again i would say dont YOLO your portfolio, a small few K's is good lesson to learn that you cannot be good at this " I only put it in the context of my whole portfolio to make the loss look smaller :P "So yes to boglehead's investing philosophy? Or still nah?" 100% yes lol. 10...
by Bwlonge
Mon Feb 01, 2021 6:20 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4143
Views: 201958

Re: [GameStop GME trading mega-thread]

These price swings are wild! yeah...saw one dude on WSB YOLO'ed over a million on GME today that he had saved after "years of investing". I hope we don't get to a point where they have to sticky the suicide hotline numbers like they did in the crypto threads. :( Is that just someone tryin...
by Bwlonge
Tue Nov 03, 2020 5:48 am
Forum: Personal Finance (Not Investing)
Topic: 403b or savings in 6 months before PhD?
Replies: 9
Views: 667

Re: 403b or savings in 6 months before PhD?

Are you planning on taking out loans for new degree, cash flowing, or combination of the two? Personally I think a solid EF first but there are a lot of missing details. What would be the impact of waiting one more year to pursue the PhD? Can you handle losing tenants if economically things get mor...
by Bwlonge
Mon Nov 02, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: 403b or savings in 6 months before PhD?
Replies: 9
Views: 667

403b or savings in 6 months before PhD?

I'm working up the guts to quit my job and go for a PhD. For the sake of this question, assume it's a good move financially and personally in the long run, but its a scary hit to income short term. I'll have 6 months of income from my job starting 1/1/2021. My emergency fund is thin right now, but I...
by Bwlonge
Sat Jun 27, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4095

Re: Forgo a year of retirement contributions to spend on self?

I also have two rental properties that do well. I just bought a house that I love and plan to be in for a while With three houses it sounds like you are "house poor" and you have over extended yourself. Assuming that the rental properties are cash flow positive skipping a year of contribu...
by Bwlonge
Sat Jun 27, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4095

Forgo a year of retirement contributions to spend on self?

Has anyone made the decision to pause 401k contributions for a year to put toward a project or other luxury? I'm 33 and fortunate to have a secure job and able to max my retirement accounts. I am maybe a little behind with only 60k in my retirement accounts right now. I also have two rental properti...
by Bwlonge
Mon Jun 22, 2020 8:49 am
Forum: Personal Investments
Topic: Safe ETF or MF to keep as backup funds?
Replies: 4
Views: 358

Safe ETF or MF to keep as backup funds?

I've been 100% stocks given my age, but I need to double my 403b contributions for the last half of 2020 to max out, so to buffer against less cash flow, I'd like to park this money into a safe fund to have as a 403b loan if I need it for the next 6 months- where could I park it that's safe? It's un...
by Bwlonge
Fri May 15, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: 1 month from closing...change lenders?
Replies: 5
Views: 655

1 month from closing...change lenders?

I'm buying, 1 month from closing. Had the appraisal come back, waiting for PMI company. 3.375% 30 year.

Now it looks like there's a 30 year available from another lender at 2.75%.

Is it possible to switch at this point? How crappy would that be?
by Bwlonge
Thu Apr 30, 2020 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Re: Another 15 vs. 30 year mortgage toss up

At the end of the day having a lot of flexibility in terms of the mortgage terms - 15, 20, 30, ARM, etc. is most important. A one size all approach may not be the best approach. Individual facts and circumstances may be different. Perfect example. It turned out PMI was going to be more expensive of...
by Bwlonge
Thu Apr 30, 2020 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Re: Another 15 vs. 30 year mortgage toss up

I would go with the 15 year every time. If I couldn't, then I wouldn't buy the home. It's as simple as that. Further, a guaranteed .625% higher (probably after-tax?) yield is a very good deal. People love to opine about the flexibility of a 30 year mortgage, but that flexibility comes at a higher p...
by Bwlonge
Thu Apr 30, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Re: Another 15 vs. 30 year mortgage toss up

Yeah I missed that part about you having 2 duplexes. So, I'd reneg a bit and say the rates/balances on those properties are a pretty big factor in this decision for 15 vs 30 year. One has 80k left over 27 years, monthly 650 with tax/insurance, 3.75% rate Other has 122k left over 29 years, monthly 8...
by Bwlonge
Wed Apr 29, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Re: Another 15 vs. 30 year mortgage toss up

Yeah I missed that part about you having 2 duplexes. So, I'd reneg a bit and say the rates/balances on those properties are a pretty big factor in this decision for 15 vs 30 year. One has 80k left over 27 years, monthly 650 with tax/insurance, 3.75% rate Other has 122k left over 29 years, monthly 8...
by Bwlonge
Sun Apr 26, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Re: Another 15 vs. 30 year mortgage toss up

Personally, if one can afford it I'd go with the 15 year. I think this is one of those numbers vs. behaviors questions. Yes, you could likely make more money by investing the difference. But the reality is that 100% of that difference doesn't usually go toward building your net worth. Instead, we o...
by Bwlonge
Sun Apr 26, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Another 15 vs. 30 year mortgage toss up
Replies: 59
Views: 4187

Another 15 vs. 30 year mortgage toss up

I'm finding a lot of arguments either way, want to type up the options to at least help my decision process and get some advice. Background: very secure public sector employment (we all think so, right?). Projected to max my retirement accounts either way. 180k mortgage 30 year rate: 3.375% 15 year ...
by Bwlonge
Thu Apr 23, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13415

Re: Moving out of NYC due to pandemic

Where do you think you'll look to move to? I live in an area I have a hunch people from NYC will move to to get out of the city.
by Bwlonge
Wed Apr 15, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences with DCU as a bank?
Replies: 9
Views: 593

Re: Experiences with DCU as a bank?

I'm actually a DCU fan boy. My paycheck comes into my DCU accounts on Wednesdays instead of Fridays, 2 days early. They've been responsive and prompt on any loan or refinance I've done through them. Good rates all around, although their mortgages, I've found, aren't super competitive, but provide a ...
by Bwlonge
Sun Mar 29, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3871

Re: House Buying Advice - Contract Already Signed

Some of the other comments here seem a bit short sighted. A contract is nothing more than a financial agreement. There is no “moral” downside in breaking a contract. A part of every contract is what happens on the event either party breaches that contract. You may lose the earnest money etc. That i...
by Bwlonge
Thu Mar 12, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10054
Views: 711531

Re: Refinance Mega Thread

For 30 fixed, local rates went from 3.375 a week ago, to 3.125 for 1 day, now at 3.625...what the heck is going on? I was hoping to find 3% at some point....
by Bwlonge
Wed Mar 11, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10054
Views: 711531

Re: Refinance Mega Thread

How are people getting refi's without closing costs? Are those just rolled into the loan? I can't find anything local without minimum $3k closing.
by Bwlonge
Fri Feb 28, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Housing market in context of recent volatility
Replies: 9
Views: 690

Re: Housing market in context of recent volatility

When you say the marker is tanking, are you talking about your local housing market or the stock market? If you’re talking about the stock market, why do you think that will impact your local housing marker negatively? Interest rates are at an all time low and the 10-year treasury just hit below 1....
by Bwlonge
Fri Feb 28, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Housing market in context of recent volatility
Replies: 9
Views: 690

Housing market in context of recent volatility

No one has a crystal ball, no one knows if the current market conditions will flip tomorrow, next week, or next year. But I've been shopping for a house, and now with the market tanking, it's a big question mark. I wasn't financially aware in 2007/2008, but my understanding is that that housing mark...
by Bwlonge
Fri Feb 28, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22395
Views: 2964199

Re: U.S. stocks in free fall

How do you deal with debt in a recession? I have car debt and toys. I could exchange the car for a cheap electric and sell the toys to save more capital to buy "the bottom" and real estate if that crumbles too. Or I guess, does a huge drop necessarily mean a recession where people lose job...
by Bwlonge
Wed Feb 12, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need in emergency fund with diversified income?
Replies: 3
Views: 470

How much do I need in emergency fund with diversified income?

I'm trying to figure out how much I should be keeping in a savings account so I can put the rest toward investments. Secure job (public sector and I'm a skilled worker in a small LCOL area) 3k/mo rental income pre federal tax 5k/mo W2 income pre federal tax 4000/mo expenses, including paying fed. ta...
by Bwlonge
Sun Feb 09, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1349

Re: Deciding whether the grass is greener- city job or stay rural?

"I've come to realize I've got it good" your words.... If you move are you going to sell your investment properties? Using a mgmt. company reduces the return of these investments. The grass is green EVERYWHERE if you stay long enough and fertilize! Right. Transient 20s me wouldn't care, b...
by Bwlonge
Sun Feb 09, 2020 9:40 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1349

Re: Deciding whether the grass is greener- city job or stay rural?

Is this primarily a money decision, or a. lifestyle decision? If monetary, would the new city job be detrimental to financial well being? How is your social life where you are living now? Primarily lifestyle. Social life now is decent, I'm introverted to begin with, so I fear I haven't given standa...
by Bwlonge
Sun Feb 09, 2020 9:25 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1349

Re: Deciding whether the grass is greener- city job or stay rural?

Sounds like you decided and are looking for further justification. Stay put. I guess the fact that it seems that way might be an indicator. I'm genuinely torn! I can always decide to move later on, but I can't decide to come back to the job I have now, so it's very risky unless I expect some big ea...
by Bwlonge
Sun Feb 09, 2020 9:08 am
Forum: Personal Consumer Issues
Topic: Deciding whether the grass is greener- city job or stay rural?
Replies: 17
Views: 1349

Deciding whether the grass is greener- city job or stay rural?

I'm 32 and moved from Boston to a rural part of the state 5 years ago, believe it or not, for higher pay and lower COL. It's worked out, but I may have an opportunity to move back and improve pay from where I am now. I've spent the last year or so applying to jobs, most of them I had no real interes...
by Bwlonge
Tue Dec 03, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

My survey in 2016 cost $400 for 1/2 acre plot. That included him replacing the metal rods that had been put in the ground in 1957 and marking where the rights of way and easements are. That must have been a plot plan, which is basically them looking up your records at town hall. A survey has an eng...
by Bwlonge
Tue Dec 03, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

That’s the trouble with a duplex.Thats the trouble with neighbors. That’s the trouble with people. That’s the trouble with the world. It’s very simple in this day and age. Keep mum, don’t cause a fuss, wait out winter, you are the bad guy. This is the real world. You need a certain amount of accept...
by Bwlonge
Tue Dec 03, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

I think I would shovel the path for them if I was worried about people shoveling near my car. That would be a neighborly thing to do. That's kind of one of my problems. If they hadn't made my life harder prior, and they asked to walk on my property or showed some sign of respect, picked up their do...
by Bwlonge
Tue Dec 03, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

My problem with a survey is I had a quote for between 2.5-3k. I wonder if I could just throw it up because the deeds are clear about the lines, and there are physical markers. There's no way they would sue me if it was off by a little, and if they would, the cost to take it down and put it back up ...
by Bwlonge
Tue Dec 03, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

lthenderson wrote: Tue Dec 03, 2019 8:37 am In preserving harmony, I would bite my tongue and install fence first thing in spring.
This is how I'm leaning...being involved in real estate the last few years I've learned the virtue of not impulsively saying things and instead just quietly doing what you're legally entitled to do.
by Bwlonge
Tue Dec 03, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Re: Neighbor still using driveway, shoveling path to their garbage

Do the neighbors have a space to move garbage cans to? They sure do. My problem with a survey is I had a quote for between 2.5-3k. I wonder if I could just throw it up because the deeds are clear about the lines, and there are physical markers. There's no way they would sue me if it was off by a li...
by Bwlonge
Tue Dec 03, 2019 8:25 am
Forum: Personal Consumer Issues
Topic: Neighbor still using driveway, shoveling path to their garbage
Replies: 40
Views: 2765

Neighbor still using driveway, shoveling path to their garbage

I bought a duplex in July and had disagreement with neighbor about their right to use my driveway. It is in between the houses and that family had used it for many years prior because family owned the duplex. I finally got them to realize they don't have any legal right to it. Now they or someone th...
by Bwlonge
Fri Nov 29, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Need help deciding what I want: stay put? new job/location? house on the line
Replies: 10
Views: 842

Re: Need help deciding what I want: stay put? new job/location? house on the line

It's not clear to me why you are buying this house. you could just invest that money elsewhere and just have more capital to pay for your living costs... Right. I think largely it came from not having clear goals. I want/wanted a house for myself, and it is inexpensive and has hard to find aspects ...
by Bwlonge
Fri Nov 22, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out a cash flow neutral single family?
Replies: 14
Views: 1410

Re: Renting out a cash flow neutral single family?

I may have a job opportunity 1.5 hours away What exactly does “may” mean? This is crucial. Do you have an offer in hand, or did the first interview go well? Interview went well. I hadn't planned on applying for this job- I had redone my resume and decided to throw it out there, and this company mov...
by Bwlonge
Fri Nov 22, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out a cash flow neutral single family?
Replies: 14
Views: 1410

Re: Renting out a cash flow neutral single family?

gougou wrote: Fri Nov 22, 2019 5:40 pm Cash flow neutral with 15 year loan is pretty good. I would recommend keeping the house. What market are you in if you don't mind disclosing?
It's a low cost of living, low appreciation market in MA.
by Bwlonge
Tue Nov 05, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 7% 403b loan or 3.74% car loan first?
Replies: 38
Views: 2323

Re: Pay down 7% 403b loan or 3.74% car loan first?

I get that this is Bogleheads so its going to be conservative, but I don't agree with the disdain for all consumer debt for all people always. If everyone was that conservative, they wouldn't let themselves have fun until they saved to pay cash for everything. Yes, a fun 40k car is technically outsi...
by Bwlonge
Tue Nov 05, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 7% 403b loan or 3.74% car loan first?
Replies: 38
Views: 2323

Re: Pay down 7% 403b loan or 3.74% car loan first?

Curious what turned the screws so much that you felt the best financial sense was to borrow from you 403b and the need to buy a $39K car? If it were us, we would throw everything as fast as possible back at both of those loans. Stop maxing out the 403b (immediately) and direct that money to pay off...
by Bwlonge
Tue Nov 05, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 7% 403b loan or 3.74% car loan first?
Replies: 38
Views: 2323

Re: Pay down 7% 403b loan or 3.74% car loan first?

agree with augryphon . Another benefit... you are paying something which is at 7% compared to something at almost half of it.. You are getting a higher rate of return for ever dollar you pay off on 403b. Here's where I get confused though. The "return" on paying the 403b is actually money...