Search found 167 matches

by RL1013
Fri Sep 20, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How do you optimize content consumption?
Replies: 12
Views: 756

Re: How do you optimize content consumption?

Bogleheads is for recreation. I cant imagine optimizing this. I would suggest professional paid subscription sources or other sources which have a high quality editorial board that ensures quality . Such as whom, and how can one distinguish them from the others in advance? PJW I'm thinking maybe Ma...
by RL1013
Thu Sep 19, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you optimize content consumption?
Replies: 12
Views: 756

Re: How do you optimize content consumption?

Phineas J. Whoopee wrote:
Thu Sep 19, 2019 6:14 pm
Optimize is quite a concept.

I don't even try to optimize. I'll never succeed anyway.

OP, are you an engineer?

PJW
Yes I am. :D
by RL1013
Thu Sep 19, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How do you optimize content consumption?
Replies: 12
Views: 756

How do you optimize content consumption?

There are several great blogs and podcasts out there that are finance and non finance related. I find myself spending several hours a day listening to podcasts, browsing on Bogleheads and reading blogs. I know there is value in some of them but I don't want to waste time listening to each and every ...
by RL1013
Wed Sep 18, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: Will you rather have a high social security income, pension or high networth? Why?
Replies: 3
Views: 640

Will you rather have a high social security income, pension or high networth? Why?

Hypothetical question. Let's put aside the argument of whether social security will be available in 30-40 years. Which option would you rather have? 1. High enough social security income to lead the same lifestyle as now. 2. High enough pension to lead the same lifestyle as now. 3. Enough funds in y...
by RL1013
Wed Sep 11, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 23
Views: 1589

Re: Health equity investment fee. High or low?

Thanks everyone for the replies. I will look into Fidelity and Lively. Can anyone who has experience with lively tell me if they have vanguard or other good low cost funds as investment options?
by RL1013
Tue Sep 10, 2019 6:14 pm
Forum: Investing - Theory, News & General
Topic: Health equity investment fee. High or low?
Replies: 23
Views: 1589

Health equity investment fee. High or low?

Hi all, Health equity fees for self managed investment is .033% per month which equates to .40% per year. This is on top of other fund fees. I am planning to put all the funds in international bond fund. So if I invest $10,000 in that and just for example sake returns 2% annual yield, then yield wil...
by RL1013
Wed Sep 04, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3419

Re: For those who have bonds in taxable, why and which ones?

While the recommendation for bonds in tax-deferred is a general recommendation, it isn't always correct. There are several reasons bonds in taxable might be better: Once upon a time there was a Wiki article about the tax consequences of placing different bond segments in taxable or tax advantaged. ...
by RL1013
Wed Sep 04, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3419

Re: For those who have bonds in taxable, why and which ones?

Thanks everyone. Looks like VWITX does not have federal income tax on it's yield. I am thinking about putting this in my taxable. Any downsides for using this?
by RL1013
Wed Sep 04, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal Fee
Replies: 6
Views: 553

Re: Home Appraisal Fee

If your loan to value is low enough some lenders will get rid of the fee. I recently did a refi where I asked a lender to match another loan estimate. After they matched, I asked them to remove the apprisal fee as I knew that for lower ltv, appraisal is not required for some lender. Either ways 1200...
by RL1013
Tue Sep 03, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3419

For those who have bonds in taxable, why and which ones?

Bogleheads philosophy states that it is better to have your bonds in tax advantage accounts. But I still see some questions around bonds in taxable accounts. Instead of hijacking those threads, I wanted to ask this general question as the reason might be different for different people. So, 1) why do...
by RL1013
Wed Aug 28, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi question
Replies: 11
Views: 639

Re: Mortgage refi question

If you want, most lenders will allow you to refi for a 13 year term. That way, you are not going sacrifice the 2 years by switching to a 15 year term. Please run the numbers and take closing cost into consideration while seeing if refi really makes sense. Rates are showing signs of reversing but no ...
by RL1013
Sun Aug 25, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker. Big question that always leads to a big debate. https://thefinancebuff.com/savings-r...
by RL1013
Sat Aug 24, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

Finally, I think EarlyRetirementNow's article about savings rates is an excellent resource if you're interested in reading more about this topic: https://earlyretirementnow.com/2017/04/05/savings-rate/ Thanks for sharing. That was an excellent article and shows how it could be different from person...
by RL1013
Fri Aug 23, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

You didn’t say what you will use the “savings $” data for, if anything. That’s relevant to know when answering your question. It's ultimately to calculate the savings rate to see if I am hitting my target. You don’t say what your target is for so it’s not possible to determine whether debt repaymen...
by RL1013
Fri Aug 23, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

You didn’t say what you will use the “savings $” data for, if anything. That’s relevant to know when answering your question. It's ultimately to calculate the savings rate to see if I am hitting my target. Ahh.... it took two full pages of comments before you revealed the real reason for your quest...
by RL1013
Fri Aug 23, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

HomeStretch wrote:
Fri Aug 23, 2019 12:04 pm
You didn’t say what you will use the “savings $” data for, if anything. That’s relevant to know when answering your question.
It's ultimately to calculate the savings rate to see if I am hitting my target.
by RL1013
Fri Aug 23, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker. This is how I keep track of income, expenses, and savings in my excel budget. Total ...
by RL1013
Fri Aug 23, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

So, I can take out a bunch of loans and push my CC balances to the limit, and as long as I pay some extra on 'em each month I'm "saving"? Well, that's good to know. Let's party! :happy If you purchase something but don't charge it or take out a loan, did you save money making the purchase? Paying d...
by RL1013
Thu Aug 22, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

HomeStretch wrote:
Thu Aug 22, 2019 5:17 pm
No, I viewed it as repaying money I already spent.
So you don't track those transactions?
by RL1013
Thu Aug 22, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker. Why would an additional payment towards mortgage principal not be the same as saving...
by RL1013
Thu Aug 22, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker. Why would an additional payment towards mortgage principal not be the same as saving...
by RL1013
Thu Aug 22, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Re: Do you categorize additional contribution to debt repay as saving?

jebmke wrote:
Thu Aug 22, 2019 5:27 pm
does it really matter what you call it?
Well, I am thinking whether I should call it savings/investment as I am buying more equity of my home ahead of the normal mortgage schedule.
by RL1013
Thu Aug 22, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3847

Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker.
by RL1013
Tue Aug 20, 2019 2:49 am
Forum: Personal Investments
Topic: P2P lending as a part of port folio
Replies: 15
Views: 861

Re: P2P lending as a part of port folio

It is hard to liquidate. I am slowly offloading. 4-7% return only if we wait the whole period. Not as hands off as I thought. Management has proved that they are not trustworthy.
by RL1013
Sat Aug 17, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refinance? Recast?
Replies: 69
Views: 2938

Re: Mortgage refinance? Recast?

You don't have to stick with arbitrary terms like 30,20,15. You can refinance for 24 years if you want. There are lenders who allows that. It will also arguably let you negotiate a slightly better rate than 30 years. Since you are 6 years into the loan (assuming you didn't pay additional towards pri...
by RL1013
Wed Aug 14, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1212

Re: Breaking a mortgage lock

seawolf21 wrote:
Tue Aug 13, 2019 9:17 pm
3 day rescission after closing.
Learned something new today. :)
by RL1013
Tue Aug 13, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1212

Re: Breaking a mortgage rate lock

But I am still curious how my decision could have screwed him. Could it be a matter of conversion targets that his company set for him? Who knows! Just speculation but he may be compensated in part by commission, sometimes as much as 1% of the loan amount. Or he could be compensated in part based u...
by RL1013
Tue Aug 13, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1212

Re: Breaking a mortgage rate lock

Thanks for your thoughtful words. We sent him a mail saying we are withdrawing. He responded back saying he is disappointed and guaranteeing that loan is in underwriting and will close in 2 weeks. I am not going to respond. He came across as a nice person who was clear with his initial communication...
by RL1013
Tue Aug 13, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1212

Re: Breaking a mortgage lock

The reason why I asked was because the first lender called me and talked in a very frustrated manner. I didn't even tell him that I was pulling out my application. I just send him the better loan estimate and asked if he could match or beat that. He told me that I was kind of screwing him by pulling...
by RL1013
Tue Aug 13, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking a mortgage rate lock
Replies: 17
Views: 1212

Breaking a mortgage rate lock

Looking for refinancing my mortgage and talked to 7 lenders so far. Locked rates with one of them yesterday. Today another lender provided an estimate that was significantly cheaper in origination fee (discount points). Is there a problem with withdrawing application from first and going with the se...
by RL1013
Mon Aug 12, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Things to keep in mind after refinancing
Replies: 6
Views: 589

Re: Things to keep in mind after refinancing

seawolf21 wrote:
Mon Aug 12, 2019 4:11 pm
Make sure prior lender record the release for the old lien from county records within timeframe (probably 30 days)
Should I call county office to confirm this?
by RL1013
Mon Aug 12, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Things to keep in mind after refinancing
Replies: 6
Views: 589

Things to keep in mind after refinancing

What are some of the things one needs to do after he/she refinance his mortgage. Going from 4% 20 year loan to 3% 15 year. It's my first time refinancing. Is there anything I need to do with my old vendor and old escrow?

Any general tips or pitfalls to keep in mind during or after refinancing?
by RL1013
Tue Aug 06, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: Difference in yield from money market vs BND for tax perspective
Replies: 7
Views: 1312

Re: Difference in yield from money market vs BND for tax perspective

I have two questions on BMD ETF and vanguard federal money market fund. 1. From tax friendliness perspective, is there any difference between yields from BND (bond etf) and vanguard money market fund. Is one favorably treated over the other? 2. From financial planning perspective, is one better tha...
by RL1013
Tue Aug 06, 2019 2:21 am
Forum: Investing - Theory, News & General
Topic: Difference in yield from money market vs BND for tax perspective
Replies: 7
Views: 1312

Re: Difference in yield from money market vs BND for tax perspective

Thank you. I saw BND had a great year. But I was thinking of having them in my taxable and was not sure if one was taxed favarobly vs the other. Selling BND can produce long term capital gains, or it can produce a loss; either way, that's somewhat more favorable for taxes than an income stream with...
by RL1013
Mon Aug 05, 2019 6:10 pm
Forum: Investing - Theory, News & General
Topic: Difference in yield from money market vs BND for tax perspective
Replies: 7
Views: 1312

Re: Difference in yield from money market vs BND for tax perspective

Thank you.

I saw BND had a great year. But I was thinking of having them in my taxable and was not sure if one was taxed favarobly vs the other.
by RL1013
Mon Aug 05, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: Difference in yield from money market vs BND for tax perspective
Replies: 7
Views: 1312

Difference in yield from money market vs BND for tax perspective

I have two questions on BMD ETF and vanguard federal money market fund. 1. From tax friendliness perspective, is there any difference between yields from BND (bond etf) and vanguard money market fund. Is one favorably treated over the other? 2. From financial planning perspective, is one better than...
by RL1013
Sat Jul 27, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 4806

Re: How do you move past old financial mistakes?

I don't consider that as a mistake. With the information available to you at that time, you took the decision that you thought was best. There is no good to come out of tracking old assets. Just like you sold 10000 shares of a stock and next day it appreciated by $100. Gone is gone. Learn from histo...
by RL1013
Sat Jul 27, 2019 11:13 am
Forum: Personal Investments
Topic: What rate of return do you use when calculating long term investments?
Replies: 32
Views: 2933

Re: What rate of return do you use when calculating long term investments?

I use 2% for the total portfolio for my calculations even if I have 60% stocks. If I save enough, I will still hit 1.8 mil which is my FI num in another 20 years. If my portfolio has greater returns, I will reach FI early. For me it comes down to "control what you can control" (Income and savings ra...
by RL1013
Mon Jul 01, 2019 12:18 am
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Re: Am I falling into the trap of judging everything through cost lens?

Fletch wrote:
Sat Jun 29, 2019 6:58 am
When buying most any item I try to balance four things: price, quality, service by the seller, and ease of use. Depending on the item I'm buying and my current and anticipated future needs, one or two of the four may have higher priority.
:sharebeer
by RL1013
Wed Jun 26, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Re: Am I falling into the trap of judging everything through cost lens?

Honestly, I only just started to not view everything primarily through price, and the main reason is that for the first time in my life, I feel that I have a reasonable claim to true disposable income. And I'm 44. It's honestly just hard for me to spend extra money on things when the spectre of fun...
by RL1013
Tue Jun 25, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Re: Am I falling into the trap of judging everything through cost lens?

shans2000 wrote:
Tue Jun 25, 2019 1:57 pm
Cheap is not always cost effective. I can list endless material things that are more cost effective to buy an expensive version because it will last longer - it will cost you 2x, but last 5x-10x long saving you money in the long run.
What would be some examples (Top 3 )?
by RL1013
Tue Jun 25, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Re: Am I falling into the trap of judging everything through cost lens?

I think I am letting the cost of things and experience the main deciding factor when considering buying something or some experience . I tend to go generally the cheaper route most of the time. But all those folks who are traveling business and first class vs the cheap economy option can't be stupi...
by RL1013
Tue Jun 25, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Re: Am I falling into the trap of judging everything through cost lens?

Most "normal" people flying business are better are doing so on the company dime or using miles. I'd bet many of those miles are accrued on the company dime too. Then you have the much smaller group of mileage hackers. Anyone paying full price out of pocket is probably wealthy by even boglehead sta...
by RL1013
Tue Jun 25, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 4805

Am I falling into the trap of judging everything through cost lens?

I think I am letting the cost of things and experience the main deciding factor when considering buying something or some experience. I tend to go generally the cheaper route most of the time. But all those folks who are traveling business and first class vs the cheap economy option can't be stupid....
by RL1013
Thu Jun 20, 2019 11:22 pm
Forum: Investing - Theory, News & General
Topic: A thought on mortgage payoff vs investing
Replies: 27
Views: 3176

Re: A thought on mortgage payoff vs investing

You already got lot of great comments. I agree that once the tax advantaged accounts are exhausted, it depends on what an individual's goal is to maximize. If the person wants to maximize peace of mind by eliminating debt, attack the debt. If his aim is to maximize flexibility, aim to save max in ta...
by RL1013
Thu Jun 13, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1052
Views: 287554

Re: Share your net worth progression

2011 $-27k 2012 $8.9k 2013 $77.5k 2014 $102k 2015 $294k 2016 $610k 2017 $1,037k 2018 $1,214k As of 1/1 2011 $-27k 2012 $8.9k 2013 $77.5k 2014 $102k 2015 $294k 2016 $610k 2017 $1,037k bought a house 2018 $1,214k 2019 $1,463k to date $1,683k Amazing! What is the reason for great strides between 2015 ...
by RL1013
Fri Jun 07, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best budget spreadsheet?
Replies: 24
Views: 3282

Re: Best budget spreadsheet?

I have my own Google sheet. It has a Google form front end that I use in my mobile for easy data entry(speech to text conversion). The data entered through this form ends up in Google sheet. I create another tab in the same tracking workbook to summarize monthly expenses, income and investment by ca...