Search found 72 matches

by Humility101
Mon Nov 23, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to have PMI instead of second mortgage?
Replies: 7
Views: 604

Re: Does it ever make sense to have PMI instead of second mortgage?

.... and taking 10% out of our existing condo which we own outright and plan to keep as a rental. Of course, if the gains are negligible, you can continue with your idea of keeping the condo as a rental. Then again, a new question arises: why are you investing in real estate in an area where prices...
by Humility101
Sun Nov 22, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to have PMI instead of second mortgage?
Replies: 7
Views: 604

Does it ever make sense to have PMI instead of second mortgage?

Hey Bogleheads, I am researching scenarios for a primary home purchase in the range of 300-500k, specifically down payment strategies. Does it ever make sense to have PMI if I have alternative methods to get to a 20% down payment? Specifically, Compared againgst having a main mortgage of 80%, 10% do...
by Humility101
Mon Oct 19, 2020 6:45 pm
Forum: Personal Consumer Issues
Topic: Protein consumption strength training
Replies: 80
Views: 4574

Re: Protein consumption strength training

I am not a nutritionist or dietician and have no training in the fields. However... I think 1.25 g per lb of body weight is very high, even for young power lifters. I think most research and advice points to somewhere around 1 g per lb of lean body mass. If your bodyfat is 15%, that would be 0.85 g...
by Humility101
Thu Oct 08, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Baseball cards - worth anything?
Replies: 26
Views: 3345

Re: Baseball cards - worth anything?

This is highly dependent on if you have any unique cards as well as quality (rookie cards, autographed, specialized subset out of a deck). I would review them to see if there are any that jump out for big name players as rookies and if they have a unique number (card x of 20). Good luck!
by Humility101
Sun Oct 04, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 74
Views: 9797

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

Interesting thread and I have had similar experiences in tech. I switched companies, and the new company did a company wide 50% paycut three weeks into the job (Covid). I left on short notice and went straight back to my old company and salary (burned a bridge that was already crumbling.) It was act...
by Humility101
Fri Oct 02, 2020 8:32 pm
Forum: Personal Investments
Topic: how much to invest in commercial real estate
Replies: 15
Views: 1367

Re: how much to invest in commercial real estate

Just invest in publicly traded data center reits.
by Humility101
Wed Sep 23, 2020 6:49 am
Forum: Personal Investments
Topic: Investing vs Saving for a House
Replies: 9
Views: 862

Re: Investing vs Saving for a House

I echo the comments regarding retirement savings. If you don’t have ready I would suggest allocating $6k each From the brokerage to a Roth IRA for both you and your spouse (S&P 500 Index is fine). Do you plan on using that brokerage money toward the house? If so, it should probably be in a more ...
by Humility101
Wed Sep 16, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Potential Retirement Relocation - Tampa, Clearwater Florida area
Replies: 13
Views: 1085

Re: Potential Retirement Relocation - Tampa, Clearwater Florida area

Current resident here for a few years. This really depends on what you want in terms of big city lifestyle, beach, or more solitude. There are nice communities outside the city (Dunedin, Palm Harbor, Safety Harbor, Oldsmar) in which you can avoid really bad traffic but still make it to the beach in ...
by Humility101
Sun Sep 13, 2020 6:58 am
Forum: Personal Investments
Topic: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million
Replies: 76
Views: 7705

Re: I’ve got 50K to invest in an ultra aggressive portfolio—seeking growth to 1 Million

So many good responses so far, but I think you’ve come to the wrong place for advice. The methods we use are for long term growth based on simplicity of a three fund portfolio and keeping expenses low, not a race to 1mm as soon as possible.
by Humility101
Sat Sep 12, 2020 7:25 am
Forum: Personal Investments
Topic: To REIT or not to REIT?
Replies: 50
Views: 5388

Re: To REIT or not to REIT?

Thank you all for your thoughts. I feel that a reduction of demand for office and retail space was already on the horizon. This viral epidemic has just brought it to the front of my mind. At the very least, I'm cutting my REIT allocation in half. I may do away with it altogether. There's other REIT...
by Humility101
Thu Sep 10, 2020 8:27 am
Forum: Personal Finance (Not Investing)
Topic: New vanguard account: Reinvest dividends or put into Money Market holding?
Replies: 42
Views: 2262

Re: New vanguard account: Reinvest dividends or put into Money Market holding?

Why no Roth or traditional IRA if only have ever used 401k? I'm going to do a Backdoor Roth next, but I'm still setting up the main 'taxable' account. Per my understanding they are completely separate. You can view IRAs and a brokerage account with Vanguard with the same login (they are separate ac...
by Humility101
Tue Sep 08, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Trip to Key West
Replies: 25
Views: 2494

Re: Trip to Key West

Was just there last month...parking can be a nightmare...why not just uber or rent bikes or scooters for a day. How far are you planning on traveling during the day? The hourly parking was between $4-5. I wouldn’t RV plus car rental as the costs would add up quickly.
by Humility101
Sat Aug 29, 2020 6:05 am
Forum: Investing - Theory, News & General
Topic: Biggest regrets and advice for newbies.
Replies: 59
Views: 8122

Re: Biggest regrets and advice for newbies.

Stick with diversified index funds. You have no special knowledge (unless you are insider trading) and even if you think you do, it’s not as smart as the computers making Automated trades based on algorithms with petabytes of data used to make decisions.
by Humility101
Thu Aug 27, 2020 7:59 pm
Forum: Personal Consumer Issues
Topic: Moving abroad with young children, no international connections: Crazy?
Replies: 64
Views: 5236

Re: Moving abroad with young children, no international connections: Crazy?

Okinawa, Japan. Most beautiful island on earth (similar to Hawaii). Huge U.S. presence there with the military and probably a substantial amount of jobs on base and off base for physicians. You can get by fine with English and still socialize with Americans if interested. Plenty of American restaur...
by Humility101
Thu Aug 27, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: Moving abroad with young children, no international connections: Crazy?
Replies: 64
Views: 5236

Re: Moving abroad with young children, no international connections: Crazy?

Okinawa, Japan. Most beautiful island on earth (similar to Hawaii). Huge U.S. presence there with the military and probably a substantial amount of jobs on base and off base for physicians. You can get by fine with English and still socialize with Americans if interested. Plenty of American restaura...
by Humility101
Fri Jul 31, 2020 1:32 pm
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5319

Re: Is 25 too young for paid off house?!

As someone in a relatively similar situation (paid off home, six figure savings, six figure income, married 32, looked at a refi to invest., started a Bogleheads thread on it, lol) I would recommend keeping it the same as your username (unbroken). It took me a few extra years and a few mistakes (ie ...
by Humility101
Thu Jul 30, 2020 6:58 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio - Investment GREAT: "3 Takeaways from Big FINANCIAL HISTORICAL CHANGES
Replies: 3
Views: 680

Re: Ray Dalio - Investment GREAT: "3 Takeaways from Big FINANCIAL HISTORICAL CHANGES

While I have read Principles as well as his most recent writings regarding these trends, history doesn’t always repeat itself, and nobody can predict the future. Last I checked, Dalio’s Pure Alpha was doing terrible this year and Bridgewater laid off a large amount of staff. While all of his referen...
by Humility101
Thu Jul 23, 2020 8:27 pm
Forum: Personal Consumer Issues
Topic: Opinions on purchasing a single family home
Replies: 5
Views: 814

Re: Opinions on purchasing a single family home

What about changing from your townhome to a huge house (just for you no less) will make your life that much better? Is it really worth it to you to go through all the adjustments to have this $425k home that you are envisioning? What about maintenance, lawn, etc. in your later years? Financially you...
by Humility101
Sun Jul 19, 2020 8:39 pm
Forum: Investing - Theory, News & General
Topic: Biggest regrets and advice for newbies.
Replies: 59
Views: 8122

Re: Biggest regrets and advice for newbies.

Biggest regret: 1. Not holding individual stocks that I knew were winners for the long haul because I exited with short term gains for no reason. My first individual stock investment was ATVI in 2012, great company that is best in class in it’s industry (video games). Small portion of my portfolio, ...
by Humility101
Sat Jul 18, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 112
Views: 9882

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

Thanks for sharing. As a young Boglehead it was delightful to listen to the history of how indexing came to be.

Much appreciated,

Humility101
by Humility101
Tue Jul 14, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 82
Views: 9002

Re: Helping my nephew out of his rut

I’ve never dealt with that situation, but I would recommend some books and education as well. (Richest Man in Babylon, Rich Dad Poor Dad). Books with basic concepts, but instill a reason for doing things a certain way. I think you are making a good move by not bailing him out, especially since he is...
by Humility101
Sun Jul 12, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Advice on a more livable place
Replies: 145
Views: 12405

Re: Advice on a more livable place

The DMV is for suckers...lived there multiple times, no life, HCOL, spending life commuting, arrogant/elite people (with the exception being immigrants). Not a fan of the half million dollar+ townhomes that were cornfields only 5 years ago and very long drives from...anything. We live in Florida (Ta...
by Humility101
Sat Jul 11, 2020 7:10 am
Forum: Personal Investments
Topic: Mid 40's and just starting out (or over)
Replies: 16
Views: 2488

Re: Mid 40's and just starting out (or over)

The big issue here is behavioral in nature. I think it would be important to identify what caused you to "lose your way," as you put it, and work at changing that behavior. You are young and are likely susceptible to losing your way again as life's financial surprises present themselves. ...
by Humility101
Tue Jun 23, 2020 5:42 pm
Forum: Personal Investments
Topic: Leverage While Young on Real Estate?
Replies: 27
Views: 2035

Re: Leverage While Young on Real Estate?

Sharing the thread I started on the same topic with similar numbers, similar age, similar scenario...feedback was mixed, although your income gives you more flexibility than I in taking on this risk.

viewtopic.php?f=1&t=317954#p5320471
by Humility101
Mon Jun 22, 2020 9:29 am
Forum: Personal Investments
Topic: Opinions on venture capital for the average person
Replies: 33
Views: 1241

Re: Opinions on venture capital for the average person

The doctor’s fund is “special” that’s how you know it’s special. Don’t get me wrong, I enjoy reading NNT and I do believe he is a great philosopher of our time and his tail strategies are unique given his expertise in mathematical circles, but it’s not for somebody who is not in the know. If you are...
by Humility101
Sun Jun 21, 2020 11:09 am
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

OP, we are in the middle of making a similar decision right now. We just sold our house that was paid off. We are buying a new house that we could pay cash for with the proceeds from the other house. But my mortgage broker found us a 2.75% 30 year fixed, no points mortgage and I took it. So the pro...
by Humility101
Sat Jun 20, 2020 4:59 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

A HELOC draw period can last for up to 10 years. There is no amortization involved. OP proposed a 10-year amortizing mortgage with a total cost (closing + interest) of $16K. Of course OP can do a HELOC instead, but that generally means a higher rate, that's also adjustable, plus more interest paid ...
by Humility101
Sat Jun 20, 2020 2:20 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

I remember this kind of discussion around late 2000's. Do the ol' cash out refi, put that money in the market and viola, I'll be rich in a year. The intent is certainly not to get rich in a year. The total cost of the loan at current interest rates including closing costs is around 16k. That means ...
by Humility101
Sat Jun 20, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 7148

Re: House not apprising to sale price

Most of the options are already listed. This has happened to me twice, very frustrating. First time buyers ended up putting more cash on the table because I had multiple offers above “appraisal.” Second time it appraised 20k under despite the exact same model house in the cookie cutter neighborhood ...
by Humility101
Fri Jun 19, 2020 4:50 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

I remember this kind of discussion around late 2000's. Do the ol' cash out refi, put that money in the market and viola, I'll be rich in a year. The intent is certainly not to get rich in a year. The total cost of the loan at current interest rates including closing costs is around 16k. That means ...
by Humility101
Fri Jun 19, 2020 3:38 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

I remember this kind of discussion around late 2000's. Do the ol' cash out refi, put that money in the market and viola, I'll be rich in a year. The intent is certainly not to get rich in a year. The total cost of the loan at current interest rates including closing costs is around 16k. That means ...
by Humility101
Thu Jun 18, 2020 8:41 am
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

Right now the OP has ~40% of their net worth tied up in a single low growth condo. This is the opposite of diversified. A modest mortgage doesn’t just seem reasonable, it seems prudent. Yes, I’d take out a mortgage* and diversify yourself. *with the caveat of having enough cash on hand to service t...
by Humility101
Wed Jun 17, 2020 9:49 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

What is the probability of you purchasing a new residence and renting out the condo? As I understand there is a difference with purchase debt interest and cash out refi from an IRS standpoint.(cash out at a later date on a property you own out right.) You may not be able to deduct the interest on t...
by Humility101
Wed Jun 17, 2020 7:37 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Re: Cash out refi with 100% Equity?

BAD IDEA. Ha, I should add for context that we are not married to the idea, just wondering if there are opportunities out there given the interest rates. Fine with staying the course if it’s not too conservative given our current income vs. expenses and no debt. We bought the property outright beca...
by Humility101
Wed Jun 17, 2020 7:03 pm
Forum: Personal Investments
Topic: Cash out refi with 100% Equity?
Replies: 64
Views: 3621

Cash out refi with 100% Equity?

My wife and I are exploring options for taking equity out of our condo and using it for investment purposes (any variety of options among rentals or the market). Condo was purchased in cash and value is appx 160k. Early 30s, We have zero debt, and combined retirement assets 200k. Combined income aro...
by Humility101
Wed Jun 17, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13607

Re: Parents in a tough situation for retirement

Lots of great feedback here. One thing I haven’t seen are details regarding how you were raised. Did they help pay for your college, lots of vacations, loans to you? What were they spending money on for 30+ years instead of allocating even a small % to retirement? And then even when they did have a ...
by Humility101
Mon Jun 15, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: If you invest in REITs, are you sticking with VNQ/VGSLX or getting selective
Replies: 47
Views: 6411

Re: If you invest in REITs, are you sticking with VNQ/VGSLX or getting selective

I personally don’t like the Reit index funds based on some of the sector specific holdings. The data management reits are probably a solid long term as server farms are never going away and data storage is always increasing. I hold less than 10% in OHI and OPI, with OHI emphasis on elder care facili...
by Humility101
Sat Jun 13, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10776

Re: Girlfriend paying rent

Do you plan on marrying this lady? Shouldn’t be mixing business with pleasure. If you don’t see it going anywhere longterm then up the rent.
by Humility101
Tue Jun 02, 2020 8:13 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 18
Views: 2417

Re: Should one permanently reduce REITs/RE because of COVID-19?

WFH-work from home My REIT exposure has not changed (roughly 10% split between elder care and long term government leases) neither of which are impacted by long term effects of Covid-19. Some commercial properties may be impacted (office buildings, malls, etc.) but the spaces won’t go empty long ter...
by Humility101
Thu May 14, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 18333

Re: Paul Tudor: Compelling case for bitcoin ?

It doesn't take much research to see that major institutions, governments, technology experts, as well as respectable economists do see the value in cryptocurrency and the blockchain. If governments see the value, can you name one government where you can pay your taxes in bitcoin? You can't pay yo...
by Humility101
Thu May 14, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2984

Re: Leaving a Job Voluntarily during a pandemic?

I am of similar age and recently encountered an unexpected situation, different but similar (50% paycut three weeks into a new job, :oops: ) I immediately went back to my previous employer with a raise ;) Don’t trust anything the boss tells you during these times. Our CEO said we would face a 25% p...
by Humility101
Thu May 14, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2984

Re: Leaving a Job Voluntarily during a pandemic?

I am of similar age and recently encountered an unexpected situation, different but similar (50% paycut three weeks into a new job, :oops: ) I immediately went back to my previous employer with a raise ;) Don’t trust anything the boss tells you during these times. Our CEO said we would face a 25% pa...
by Humility101
Thu May 14, 2020 8:01 am
Forum: Personal Investments
Topic: Selling rental property - Has any used an iBuyer or Virtual Agent?
Replies: 24
Views: 1249

Re: Selling rental property - Has any used a Virtual Agent?

Last year I did a flat fee listing in which the property was posted to the MLS and then in turn duplicated across Zillow, Trulia, etc. I even held my own open houses and the Agents were surprised I was the owner (put on a little wine and cheese display, etc. :wink: ) Property sold at asking price an...
by Humility101
Mon May 11, 2020 9:27 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 18333

Re: Paul Tudor: Compelling case for bitcoin ?

I am an exec at a crypto company. Who isn’t these days?! I was an executive at a Tulip Company in 1637, but I decided to pivot to crypto and started my own cryptocurrency called BuyAfterMeCoin. Don’t confuse the concept of distributed blockchain ledger which is a legitimate technology with speculat...
by Humility101
Mon May 11, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 310
Views: 18333

Re: Paul Tudor: Compelling case for bitcoin ?

He mentioned it in an interview as 2% of his portfolio for speculation so treat it as such. It is a hedge and not an investment. You can take 2% of your portfolio to the casino as well and make a fortune or lose. Perhaps the only difference with bitcoin is that it will last longer than your chips in...
by Humility101
Mon May 04, 2020 8:23 am
Forum: Investing - Theory, News & General
Topic: Do Paradigm Changes Call for Change In Strategies?
Replies: 24
Views: 1584

Re: Do Paradigm Changes Call for Change In Strategies?

Thank you all for the replies, great reads! I am not losing any sleep and I am comfortable with my current AA. I am not making any adjustments to bonds until my 40s. 8-) More curious about learning how these scenarios could play out in the long run, and acknowledging that I have no control over the ...
by Humility101
Sun May 03, 2020 8:38 pm
Forum: Investing - Theory, News & General
Topic: Do Paradigm Changes Call for Change In Strategies?
Replies: 24
Views: 1584

Re: Do Paradigm Changes Call for Change In Strategies?

OP, You should not be 100% stock period. It is not safe to put all your eggs into one basket. This is basic common sense. KlangFool I should clarify, I have cash on hand for 6-12 months emergency and own my property free and clear. My investments outside of those are currently 100% stocks. My apolo...
by Humility101
Sun May 03, 2020 8:18 pm
Forum: Investing - Theory, News & General
Topic: Do Paradigm Changes Call for Change In Strategies?
Replies: 24
Views: 1584

Do Paradigm Changes Call for Change In Strategies?

Bogleheads, First I would like to say that I am still committed to the Boglehead Strategy as a 32 year old, 100% stocks (Appx. 70% SP 500 Index, 30% International). I am writing to inquire about others opinions of whether the current environment in which there is a paradigm shift in our way of life ...
by Humility101
Sat Apr 11, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE: 50% paycut after starting new job
Replies: 53
Views: 7025

Re: UPDATE: 50% paycut after starting new job

If you truly have multiple options that will pay you 2x what you are now making post-cut, then it's stupid to stay at this new place a minute longer. I wonder how accurate your perception of that "line out the door" of organizations waiting to hire you is, or if in the past couple of week...
by Humility101
Sat Apr 11, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE: 50% paycut after starting new job
Replies: 53
Views: 7025

Re: 50% paycut after starting new job

Though personal circumstances are always to be considered along with generally held recommendations, applying some of the considerations for investment decisions may help (Stay the Course, Would you consider buying more of that fund now that it has dropped, Has your risk tolerance changed, etc.). A...