Search found 3717 matches

by mikep
Mon Apr 26, 2021 4:06 pm
Forum: Investing - Theory, News & General
Topic: Prove Me Wrong: Cryptocurrencies are NOT good investments
Replies: 812
Views: 42985

Re: Prove Me Wrong: Cryptocurrencies are NOT good investments

10 years ago it was all about owning commodities/CCFs for their diversification benefits even though they earn zero real return, don't hear about those anymore. This time it's crypto, in 10 years it will be something else.

Stocks and bonds are always there, however.
by mikep
Wed Mar 17, 2021 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: [Tax Day for individuals extended to May 17 - filing and payment]
Replies: 56
Views: 4318

Re: Tax Day for individuals extended to May 17 - filing and payment

Wonder if its worth waiting as long as possible incase there is another stimulus? Got part of the first 2 but missed the last one as I was barely over the AGI. 2020 AGI is even higher. Heck I could file an extension and file in October..
by mikep
Fri Mar 12, 2021 2:26 pm
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15882

Re: Does it feel bubbly to you?

Ignore the noise and rebalance. Which means I'm shifting equities into bonds, which is opposite from last March.
by mikep
Tue Feb 16, 2021 9:23 am
Forum: Personal Consumer Issues
Topic: Southwest Rapid Rewards
Replies: 10
Views: 1330

Re: Southwest Rapid Rewards

I have the priority as the annual fee covers the value of the southwest $75 credit and 7500 anniversary points. The 4 upgrades and 20% off in flight (drinks suspended now though) is the gravy. Some people are even able to get a retention offer of $70-75 at renewal (I was unsuccessful). The current o...
by mikep
Tue Feb 09, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Do I lose HELOC interest deduction if I pay off and close it and then reopen another for the same amount?
Replies: 21
Views: 1427

Re: Do I lose HELOC interest deduction if I pay off and close it and then reopen another for the same amount?

Why not roll the HELOC into the refinance at closing? 2.5% < 3.99% and you have a paper trail for deductibility. If used for home improvements only, it may or may not be considered a "cash out".
by mikep
Tue Feb 02, 2021 10:10 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235098

Re: [GameStop GME trading mega-thread]

Back to reality soon.

Surprised this many Bogleheads dipped in this mess. Some people have to learn the hard way...
by mikep
Thu Jan 28, 2021 11:50 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4587
Views: 235098

Re: GameStop GME: anyone joining?

This has been fun to watch from the sidelines.
by mikep
Wed Jan 27, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 426
Views: 33776

Re: H&R Block 2020 software offer

Newegg has the $16.99 deal back for Deluxe/State. https://slickdeals.net/f/14800213-h-r-block-2020-tax-software-premium-state-26-deluxe-federal-state-17-more?from_da_id=97862650&sdxt01=2021-01-27%2002%3A46%3A49&sdxt06=%3A%3A%3A%3A%3A%3Adealalert&sdxt07=120096&utm_source=dealalerts&am...
by mikep
Tue Jan 26, 2021 1:31 pm
Forum: Personal Investments
Topic: Any boring investors left?
Replies: 223
Views: 13681

Re: Any boring investors left?

Almost there. I hold Vanguard TIPS fund, which is actively managed so I'm disqualified. But otherwise good.
by mikep
Mon Jan 25, 2021 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 426
Views: 33776

Re: H&R Block 2020 software offer

$22.50 on amazon today for Deluxe + State, incase anyone missed the earlier deals like me.
Edit: + tax since they have to ship you a tangible item, printed download code, rather than download directly. :annoyed
by mikep
Fri Jun 05, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: Market Euphoria?
Replies: 63
Views: 5319

Re: Market Euphoria?

I just rebalanced more into bonds and I was buying in mid March as well.

Ignore the noise and stick to the plan...
by mikep
Wed May 13, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Will Banks Consider Discount for Mortgage Payoff?
Replies: 14
Views: 1299

Re: Will Banks Consider Discount for Mortgage Payoff?

Wow.. that's a new one for me. Pay it off and enjoy the discount of no interest. The time to ask for a discount is when you buy the house in the first place.
by mikep
Fri May 08, 2020 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best uses of Chase Ultimate Rewards Points
Replies: 28
Views: 4042

Re: Best uses of Chase Ultimate Rewards Points

Activities through the Chase portal can be a great redemption also. These add some fun to a vacation (or even local).. such as CA Academy of Sciences tickets Pig island Bahamas air/water tour. Hyatt, Southwest, BA (for flights on Alaska/American) can be great redemptions. United is great for last mi...
by mikep
Fri Apr 24, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency
Replies: 26
Views: 1696

Re: HELOC for emergency

A higher amount is more likely to get cut during the next downturn in house values. Lenders may look at your DTI for other loans, such as a car loan, as if your payment was if you used the full line amount on the HELOC. I just had this same decision and went with 100k since I figured it was still w...
by mikep
Thu Apr 23, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency
Replies: 26
Views: 1696

Re: HELOC for emergency

A higher amount is more likely to get cut during the next downturn in house values. Lenders may look at your DTI for other loans, such as a car loan, as if your payment was if you used the full line amount on the HELOC. I just had this same decision and went with 100k since I figured it was still wa...
by mikep
Wed Apr 22, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: How much to tip on DoorDash?
Replies: 60
Views: 5292

Re: How much to tip on DoorDash?

I just use the default tip, we have Dashpass covered by our credit card (sapphire reserve) so there are lower delivery fees. (They still add a "service fee" which isn't a delivery fee... ?)
by mikep
Tue Apr 21, 2020 10:08 am
Forum: Personal Investments
Topic: Asset allocation with an HSA
Replies: 20
Views: 1148

Re: Asset allocation with an HSA

Since my state taxes HSA earnings and my HSA is at Fidelity, I hold Fidelity TIPS index fund, which dividends are state tax free. I count it as part of my overall AA across all accounts. Helps keep the account more stable as a backup to my EF as well.
by mikep
Mon Apr 20, 2020 4:12 pm
Forum: Investing - Theory, News & General
Topic: JPMorgan Chase Stops Accepting HELOC Applications Due to Coronavirus Uncertainty
Replies: 17
Views: 2197

Re: JPMorgan Chase Stops Accepting HELOC Applications Due to Coronavirus Uncertainty

I have an application in the pipeline and closing next week. Am I affected?
by mikep
Mon Apr 20, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: Exactly how do I convert mutual fund shares to ETF?
Replies: 23
Views: 1545

Re: Exactly how do I convert mutual fund shares to ETF?

You can't do it online, you have to call. However, if the position is down you can simply sell the mutual fund and buy a non-identical ETF and harvest the loss as a bonus. Please explain? I think doing that requires advance knowledge of the closing price. You should be able to see your unrealized g...
by mikep
Mon Apr 20, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: Exactly how do I convert mutual fund shares to ETF?
Replies: 23
Views: 1545

Re: Exactly how do I convert mutual fund shares to ETF?

aristotelian wrote: Mon Apr 20, 2020 11:24 am You can't do it online, you have to call. However, if the position is down you can simply sell the mutual fund and buy a non-identical ETF and harvest the loss as a bonus.
Please explain? I think doing that requires advance knowledge of the closing price.
by mikep
Mon Apr 20, 2020 11:22 am
Forum: Investing - Theory, News & General
Topic: Exactly how do I convert mutual fund shares to ETF?
Replies: 23
Views: 1545

Exactly how do I convert mutual fund shares to ETF?

What are the exact steps to convert mutual fund shares to ETF at Vanguard? I own FTSE X-us Small Cap (VFSAX) and 0.16% ER and want to convert to VSS at 0.11% ER. Do I need to call or where would I do this online?
Thanks.
by mikep
Thu Apr 09, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 2313

Re: Opening a new HELOC during the Coronavirus

DCU looks to take the lead with 3% now.. prime - 0.25%. Has anyone applied with them recently? I am in process with Chase. Prime + 0.88%, with 0.62% discounts for autopay/chase checking/$30k initial draw. $50 origination fee and $50 annual fee. They are backed up so 2 months to process. Thinking abo...
by mikep
Thu Apr 02, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Home office deductions for mandatory work at home?
Replies: 18
Views: 1289

Re: Home office deductions for mandatory work at home?

My megacorp let me bring my office chair and extra monitor home. They also gave a small allowance to upgrade home wifi.. I used it for a powerline ethernet adapter. Then I was able to upgrade my home internet from 10 to 50mb/s and pay less per month in the process.
by mikep
Tue Mar 31, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: Making the most of COVID-19. What deals have you taken advantage of?
Replies: 19
Views: 3757

Re: Making the most of COVID-19. What deals have you taken advantage of?

Megacorp gave everyone $50 to upgrade their wifi at home for working from home. I bought a $50 gigabit powerline ethernet adapter and it has made all the difference.
by mikep
Fri Mar 27, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check from pandemic 2020
Replies: 37
Views: 3359

Re: Stimulus check from pandemic 2020

If my 2019 income is lower than 2018, should I file taxes as soon as possible or is it already too late? Or will it all get trued up the same way once I have my 2020 income?
by mikep
Fri Mar 27, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 2313

Re: Opening a new HELOC during the Coronavirus

It appears that Consumers Credit Union (IL) has the new lowest long term rate for a HELOC at Prime - 0.5% up to 80% CLTV. Downside for now is they charge for an appraisal and have a 4% floor, but have no early termination fees. I'm checking with them if they will require an appraisal for 35% CLTV an...
by mikep
Wed Mar 25, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: COVID-19 and auto insurance
Replies: 9
Views: 1441

Re: COVID-19 and auto insurance

I called mine and they told me the premium is based on the previous years annual mileage. They offered to take my odometer reading now and again in 6 months, and will adjust at that time. Of course I'll probably be hopefully back to driving as usual in 6 months, but I'll tell them "it should be...
by mikep
Tue Mar 24, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What credit card are you using that is not Citi 2% cashback?
Replies: 57
Views: 11177

Re: What credit card are you using that is not Citi 2% cashback?

Chase Freedom Unlimited for most purchases, since the 1.5% cash back comes in the form of Ultimate Rewards points that are worth a minimum of 1.5 cents each when I transfer to my Sapphire Reserve. Only downside is that is the value when redeemed for travel.
by mikep
Mon Mar 23, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 2313

Re: Opening a new HELOC during the Coronavirus

If you have your house titled in a revocable living trust, 3rd federal will not work with you at all. Most banks like this include a deed update as part of the closing paperwork and you're on your own to fix it after, but not them. That and the rate hike makes me look elsewhere. Right now I'll proba...
by mikep
Fri Mar 20, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC - at primary bank or elsewhere?
Replies: 23
Views: 1218

Re: HELOC - at primary bank or elsewhere?

Looks like third federal increased their rates today from 2.24 to 3.19%, yet they still advertise "prime - 1.01%"... I guess prime -1.01% is no longer and they changed it to prime - 0.06%. I was just preparing the deed to take my house out of the trust now also..online application center ...
by mikep
Fri Mar 20, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: HELOC - at primary bank or elsewhere?
Replies: 23
Views: 1218

Re: HELOC - at primary bank or elsewhere?

Looks like third federal increased their rates today from 2.24 to 3.19%, yet they still advertise "prime - 1.01%"... I guess prime -1.01% is no longer and they changed it to prime - 0.06%. I was just preparing the deed to take my house out of the trust now also..online application center n...
by mikep
Thu Mar 19, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: HELOC - at primary bank or elsewhere?
Replies: 23
Views: 1218

Re: HELOC - at primary bank or elsewhere?

... Does third federal have a problem if your house is titled in your trust? I don’t know. I would just give them a call and ask. Cheers I called. Third Federal will NOT close a HELOC with the property in the name of the trust. Not even as part of the process will they update the deed for you, they...
by mikep
Wed Mar 18, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC - at primary bank or elsewhere?
Replies: 23
Views: 1218

Re: HELOC - at primary bank or elsewhere?

2) Your bank's HELOC would be inferior for my purposes but could be superior for yours. You referenced months but meant years on the draw and repay. Third Federal also does 10 year draw followed by 20 year repay. 3) My suggestion on paying off the mortgage was just shooting from the hip. You had no...
by mikep
Sun Dec 08, 2019 11:26 pm
Forum: Personal Consumer Issues
Topic: Target gift cards 10% off tomorrow (Sunday Dec. 8)
Replies: 65
Views: 6410

Re: Target Gift Cards 10% Off ($300 Max)

This is great for us. We get prescriptions from CVS pharmacy in store where the red card discount doesn’t apply but we can use target gift cards. We are on an HDHP so the costs are high. In for $900. $300 each online in my account, wife’s account and another $300 in store. Also when you use gift car...
by mikep
Sun Dec 08, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Dad gave me E savings bond from 1978
Replies: 30
Views: 5974

Re: Dad gave me E savings bond from 1978

I got a 1099 for the year I cashed it and I reported it. That was the end of it.
by mikep
Wed Dec 05, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1140
Views: 144737

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

For those who may be considering transferring from HSA Bank to Fidelity, it looks like you'd need to liquidate all holdings to cash in order to complete the transfer. It doesn't appear that HSA Bank is set up to transfer assets in kind... I don't think transfer-in-kind is even a thing in HSAs. It r...
by mikep
Fri Sep 21, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 8498

Re: My Very First Smartphone — Please Critique This Plan

If you go with cricket, don't forget to get a $25 referral from someone who already has the service.

reddit.com/r/nocontract is another excellent site to do some research.
by mikep
Mon Aug 27, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 9057

Re: I still use cash not credit cards should I reconsider?

From using credit cards I have not paid for a flight or hotel in years. There is always a signup bonus out there to get the next one free and I focus on earning Chase transferable UR points. I even redeemed points for Disney world tickets saving $1800 from a recent sign up bonus. When I'm done with ...
by mikep
Thu Jun 21, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 14757

Re: Surprise - Costco sells - but does not install vehicle batteries

My costco battery died after 2 years 11 months.. 1 month before the 3 year warranty expired. They gave me a full refund and the new battery was $1 cheaper. No where else in America can you return an old battery without it being tested, get a new battery, $1 and a fresh 42 month warranty.
by mikep
Thu Apr 12, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Disneay Aulani (Hawaii) vacation planning
Replies: 14
Views: 1749

Re: Disneay Aulani (Hawaii) vacation planning

I booked the Aulani renting DVC points with www.dvcrequest.com. This gets you a larger timeshare unit from a DVC owner and free parking. We are going in June, booked this last July so I can't say how it went for us yet but there were good reviews. You need to book 11 months in advance for the best a...
by mikep
Fri Apr 06, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Car was totaled, next steps?
Replies: 18
Views: 1536

Re: Car was totaled, next steps?

You're entitled to the value of your car before the accident, which was a 2012 Ford Edge with 232,000 miles. The check from the insurance company should be enough to go out and purchase a 2012 Edge with 232,000 miles. This. Also since you'll have to pay sales tax on another vehicle, your check from...
by mikep
Tue Apr 03, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 119
Views: 16127

Re: TaxAct and alternatives

For the people that used FreeTaxUSA: there was a comment made a few months ago about last year's version (for 2016 taxes) not having the sufficient forms/inputs to adjust ESPP prices. Has anyone encountered this for tax year 2017? That's good to know I also saw that issue. Now the other issue I fou...
by mikep
Wed Mar 21, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Chase Freedom Card 5% - any paypal tricks?
Replies: 12
Views: 32029

Re: Chase Freedom Card 5% - any paypal tricks?

Jack FFR1846 wrote: Wed Mar 21, 2018 12:21 pm Gift cards won't work. They figure them out and if I remember right, I got 1% on them. I tried it out specifically to get 5% on a $500 gift card purchase. Denied.
where?
by mikep
Wed Mar 21, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Chase Freedom Card 5% - any paypal tricks?
Replies: 12
Views: 32029

Re: Chase Freedom Card 5% - any paypal tricks?

You can send to your wife but you will pay paypal fees of 2.9% + $0.30 which is not optimal. A few options I found are: Pay taxes at payusatax.com .. 1.97% fee Gift cards through Paypal digital gifts.. seems like this would count for the freedom category (this used to count for ink cash). Sometimes ...
by mikep
Wed Mar 21, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe: How to report HSA interest/capital gains in CA
Replies: 4
Views: 770

Re: H&R Block Deluxe: How to report HSA interest/capital gains in CA

can you use the 'view forms' feature and enter it in the right spot? No, it is greyed out not letting me enter in anything :annoyed My HSA is in Fidelity's TIPS index fund which threw some capital gains so I need to report those somewhere. With their annoying $19.95 state efile fee I may just print...
by mikep
Wed Mar 21, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Deluxe: How to report HSA interest/capital gains in CA
Replies: 4
Views: 770

H&R Block Deluxe: How to report HSA interest/capital gains in CA

First time user of H&R Block deluxe.. appears there is no way to add in CA additions for interest and capital gains in an HSA on line 8 / line 13 of schedule CA as I have previously done with taxact. The only thing I can do is put it under "Other" and it also forces the description to ...
by mikep
Wed Mar 21, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Is it time to dump high yield savings for prime money market?
Replies: 141
Views: 34518

Re: Is it time to dump high yield savings for prime money market?

Staying put with my CCU reward checking. Prime MM still doesn't even come close to 3.09% with minimal requirements.
by mikep
Mon Mar 12, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Global ex-US Real Estate Fund - Fees
Replies: 5
Views: 1255

Re: Vanguard Global ex-US Real Estate Fund - Fees

Any reason to not use the ETF version instead?

With Vanguard, the fees are paid back into the fund, so you benefit from everyone else paying those fees if you are a long term shareholder. This is probably a good thing in the long run, as the fund is not hurt from short term churning.