Search found 320 matches

by m@ver1ck
Sun Aug 02, 2020 7:44 pm
Forum: Personal Investments
Topic: TreasuryDirect scammed me? :-)
Replies: 25
Views: 2910

Re: TreasuryDirect scammed me? :-)

So - if I buy a bond fund - (not sure if vbtlx has TIPS) - am I getting similarly scammed? In the sense that I’ll get back 100 for every 111 I invest + inflation and .125%? Seems not a great time to buy bonds that contain tips or treasuries. Better off investing in CDs and corporate bonds - assuming...
by m@ver1ck
Sat Aug 01, 2020 11:33 am
Forum: Personal Investments
Topic: TreasuryDirect scammed me? :-)
Replies: 25
Views: 2910

Re: TreasuryDirect scammed me? :-)

Ah - so I get paid .125% Per Annum (better than Ally checking!!) :-), and this protects me against Hyper-Inflation, since it'll be inflation adjusted.

Not a bad deal, I guess, If I had to shore up a few 100 million.
by m@ver1ck
Sat Aug 01, 2020 11:19 am
Forum: Personal Investments
Topic: TreasuryDirect scammed me? :-)
Replies: 25
Views: 2910

TreasuryDirect scammed me? :-)

I clearly didn't know what I was doing, so bought $500 worth of TIPS on TreasuryDirect. Here are the details: Security Type: 10-Year TIPS Par Amount: $500.00 Inflation-Adjusted Value: Not available Price per $100: 111.032606 Investment/Interest Rate: 0.125% 10 year - maturing in 2030. Issue Date: 07...
by m@ver1ck
Fri Jul 31, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

I’ve not closed yet - so yes, I can wait.
by m@ver1ck
Fri Jul 31, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

Yeah - I should try to be more clear in my mind why I'm doing this and writing and conversing with this group helps: Ultimately, it buys me flexibility for very little spend - since I plan to keep repaying at the rate I'm paying today (3500/month) even though at the new mortgage rate would be 2000/m...
by m@ver1ck
Fri Jul 31, 2020 1:40 am
Forum: Investing - Theory, News & General
Topic: Hedge fund tantrums
Replies: 1
Views: 340

Hedge fund tantrums

https://www.marketwatch.com/story/the-f ... 2020-07-30

Looks like this dude went to cash in anticipation of market crash and is now acting like a sore loser. :-)
by m@ver1ck
Fri Jul 31, 2020 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

Got a 2.875% rate on LenderFi with $0 cost. Going for it. Loan amount 200K on a 1.1M property. I guess would be nice to be able to say that the home is paid off so it does sadden me a little - defeat? but the fact that is, the mortgage payment will now be just about 50% of the total housing cost. Th...
by m@ver1ck
Fri Jul 31, 2020 12:48 am
Forum: Personal Finance (Not Investing)
Topic: House buying strategy: bridge loan, interest only mortgage, or ...?
Replies: 8
Views: 744

Re: House buying strategy: bridge loan, interest only mortgage, or ...?

Not sure whether this is the best approach, but I'm in a similar situation, and here's what I'm doing - I'm refinancing my current home to a 30 year term. This decreases my debt to income enough that I should be able to get a loan on the next home. The plan is to then sell my old home after we've mo...
by m@ver1ck
Thu Jul 30, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

delete.
by m@ver1ck
Thu Jul 30, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4476
Views: 308104

Re: Refinance Mega Thread

Thanks to the forum, I'm going with LenderFi too. 2.875%, no points, about $1K in closing costs (a+b+c).
by m@ver1ck
Tue Jul 28, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4476
Views: 308104

Re: Refinance Mega Thread

Called up LoanDepot. I'm in a 15yr/2.75% loan, maturing in 2028. Looking at refinancing to a 30yr - just gets me more options in case I want to do an investment property down the road (Debt to Income ratio - not so great with a 15yr loan). Surprisingly, rates not that great: LoanDepot quoted me 3.5%...
by m@ver1ck
Fri Jul 24, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 38
Views: 2838

Re: Backyard BBQ - easy

Thanks for the ideas. I'll look into it these suggestions over the weekend.
by m@ver1ck
Fri Jul 24, 2020 12:13 am
Forum: Personal Consumer Issues
Topic: Backyard BBQ - easy
Replies: 38
Views: 2838

Backyard BBQ - easy

So at this point my family has turned vegetarian and I'm the only one who occasionally eats any fish/chicken/lamb chops. Kids don't like the smell of meat - and I respect that - so taking my cooking outside. Not something they want but I understand. Any recommendations on easy to maintain BBQs/Grill...
by m@ver1ck
Fri Jul 24, 2020 12:09 am
Forum: Personal Finance (Not Investing)
Topic: At what point is an emergency fund irrelevant?
Replies: 67
Views: 4827

Re: At what point is an emergency fund irrelevant?

Op - I'm in a similar situation as you. I've decided I need two years of funds saved up in CDs. VBTLX and hence corporate bonds are no good if companies start going bankrupt. Also as these bonds go from B to junk status vbtlx will hBe to liquidate these at a loss. I'm almost going to stocks on one e...
by m@ver1ck
Thu Jul 23, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How much to contribute to newborn 529 plan?
Replies: 27
Views: 1645

Re: How much to contribute to newborn 529 plan?

I've got two kids - 9 and 3. Accounts are probably around 80K and 70K respectively. Im planning on making out mega backdoor Roth IRA rather than the 529s.
by m@ver1ck
Wed Jul 22, 2020 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa signature card
Replies: 29
Views: 3367

Fidelity Rewards Visa signature card

On the fidelity web page for application, it says that elan is the bank. Question - what website do I use to pay the bills? Elan's? or Fidelity's? Don't want to deal with another website to save .5% over what I'm already getting.
by m@ver1ck
Sat Jul 18, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

Doesnt matter about deduction - the amounts are below the itemizatio threshold for me anyway.
by m@ver1ck
Sat Jul 18, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

babystep wrote:
Fri Jul 17, 2020 9:44 pm
Bonds in taxable?
It's CDs that I have in Taxable, not VBTLX. It's about 60K total, And at the current 1% interest rate, taxes are negligible.
by m@ver1ck
Fri Jul 17, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Re: Another refinance thread..

I’ve got a 15yr mortgage which matures in 2028. Home price around 1.1M, 230K outstanding. Thinking of refinancing for a 30yr term since rates are low - if I can get 30yrs at 2.75%. Reasoning: improved cash flow for investments. Also - if things get really bad and I lose my job I’ll have lower month...
by m@ver1ck
Fri Jul 17, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Another refinance thread..
Replies: 20
Views: 1540

Another refinance thread..

I’ve got a 15yr mortgage at 2.75% which matures in 2028. Home price around 1.1M, 230K outstanding. Thinking of refinancing for a 30yr term since rates are low - if I can get 30yrs at 2.75%. Not planning on doing a cash-out refinance. Reasoning: improved cash flow to derisk and investments. Also - if...
by m@ver1ck
Wed Jul 15, 2020 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 10618

Re: Retiring from a career in tech

when I first came to the US in 2000, I was making 55K a year since I was working for an exploitative ‘consulting’ company. I switched jobs within 6 months of landing in the US and then made 100K a year. In Austin, TX too. Unfortunately that job sucked and they had layoffs - and I had to move to New ...
by m@ver1ck
Wed Jul 15, 2020 1:02 am
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16089

Re: Vanguard laying off 1300 employees as part of outsourcing deal with Infosys

About that thread - when I first came to the US in 2000, I was making 55K a year since I was working for an exploitative ‘consulting’ company. I switched jobs within 6 months of landing in the US and then made 100K a year. In Austin, TX. Unfortunately that job sucked too and had to move to New Jerse...
by m@ver1ck
Wed Jul 15, 2020 12:44 am
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16089

Re: Vanguard laying off 1300 employees as part of outsourcing deal with Infosys

Well, FWIW, if you own vtiax you also own infosys stock. As an American citizen of Indian origin, I’m not sure what to make of this. Did I take the job of an American? Maybe. But I’m now a manger and we’ve been trying to hire people for jobs at my FAANG company - and we pay an insane amount of money...
by m@ver1ck
Fri Jul 03, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 20918

Re: What to do with all this MONEY ?

Maybe start a business related to any hobbies you might have. Since most business fail in the first three years, you might very well solve this problem of having too much cash. If it does succeed, you can use it to help others while enjoying yourself. You'll also come into contact with a lot more pe...
by m@ver1ck
Tue Jun 30, 2020 8:11 pm
Forum: Personal Investments
Topic: Reducing Blow-Up risk
Replies: 8
Views: 1297

Re: Reducing Blow-Up risk

Ah - peaks = market marching upwards and my rebalancing bands breached.
by m@ver1ck
Tue Jun 30, 2020 2:19 pm
Forum: Personal Investments
Topic: Reducing Blow-Up risk
Replies: 8
Views: 1297

Re: Reducing Blow-Up risk

So - current asset allocation is 84/26, should really be 76/24 - I'll get there at some point - just selling stocks at peaks, and investing new money in vbtlx to get there. What do you define to be a peak? I am curious of exactly which dates you have rebalanced out of equities in the past 2 months....
by m@ver1ck
Tue Jun 30, 2020 3:31 am
Forum: Personal Investments
Topic: Reducing Blow-Up risk
Replies: 8
Views: 1297

Reducing Blow-Up risk

I've been on this forum for about a year now, have learnt a bunch and helped others. When I look at the covid numbers, it's not clear what lies ahead of us. This has probably always been true that we know nothing, but specially true now. To hedge against stocks going down 90%, and at the same time, ...
by m@ver1ck
Sat Jun 27, 2020 8:42 am
Forum: Personal Consumer Issues
Topic: Site unseen offer on House
Replies: 39
Views: 3426

Re: Site unseen offer on House

If it’s a hot area they’re just looking to avoid a bidding war. The option of saying we’re reviewing offers on such and such day makes most sense.
You can pick the offer with a balance of most $$ and least contingencies.
by m@ver1ck
Wed Jun 24, 2020 1:16 am
Forum: Personal Consumer Issues
Topic: Why fancy fast car?
Replies: 13
Views: 1361

Why fancy fast car?

I had a GTI a long time ago, and bought a Golf-R a year ago. And now I wonder why! The Golf-R can hit 100mph effortlessly - but speed limit is 60. And I'm stick behind other slower cars. Trip from Redmond to work is 10mins each way. And trip to Seattle on weekends mostly with family - and they prefe...
by m@ver1ck
Sat Jun 20, 2020 2:25 pm
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

Plan is to glide down 1% a year for the next 20 years.
Ok - will rebalance back to 77/23 next week.
I was originally thinking of rebalancing by using new funds, but should just follow the plan.
by m@ver1ck
Sat Jun 20, 2020 10:34 am
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

I was 100% stocks until end of 2018. I moved to 23% stocks over the course of 2019. In 2018, 100% stocks was not the place to be. VTSAX had a total return of -5.17% in 2018. In 2019, 100% stocks was the place to be. VTSAX had a total return of 30.8% in 2019. Your AA or.....your gut. Not that simple...
by m@ver1ck
Fri Jun 19, 2020 11:54 pm
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

How did you feel about bonds in 2018? You know, when they were down so much? Or the end of 2016 when they dropped relatively significantly relatively quickly? If you cannot remember those things, then in the future you won't remember anything about bonds that is happening now. I was 100% stocks unt...
by m@ver1ck
Fri Jun 19, 2020 11:54 pm
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

How did you feel about bonds in 2018? You know, when they were down so much? Or the end of 2016 when they dropped relatively significantly relatively quickly? If you cannot remember those things, then in the future you won't remember anything about bonds that is happening now. I was 100% stocks unt...
by m@ver1ck
Fri Jun 19, 2020 11:53 pm
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

How did you feel about bonds in 2018? You know, when they were down so much? Or the end of 2016 when they dropped relatively significantly relatively quickly? If you cannot remember those things, then in the future you won't remember anything about bonds that is happening now. I was 100% stocks unt...
by m@ver1ck
Fri Jun 19, 2020 10:12 am
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

How did you feel about bonds in 2018? You know, when they were down so much? Or the end of 2016 when they dropped relatively significantly relatively quickly? If you cannot remember those things, then in the future you won't remember anything about bonds that is happening now. I was 100% stocks unt...
by m@ver1ck
Fri Jun 19, 2020 3:12 am
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Re: Hard to stay the course...

So - do I take 1.4% return, knowing that bonds will lose 10% the moment interest rates go up 2%? Actually - I don't know this. If interest rates go up from 1% to 2%, how much will existing bonds fall by? I'm putting most new money in 1 year and 18 month CDs at this point. How does that work? Who pa...
by m@ver1ck
Fri Jun 19, 2020 1:30 am
Forum: Personal Investments
Topic: Hard to stay the course...
Replies: 38
Views: 4810

Hard to stay the course...

Target was 77/23. Market tanked, rebalanced to 77/23. Market took back up again, and I' at 85/15. I'm fine selling stocks to get back to 77. It's the investing in bonds that I'm having trouble with. Why? Low rates. When rates to do go up, bonds will go down. And in the meantime, they won't pay much....
by m@ver1ck
Sun Jun 14, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should you take a counteroffer from your employer?
Replies: 34
Views: 3500

Re: Should you take a counteroffer from your employer?

Depends on the company and your management chain. Your manger can’t pay you more even if he wants to. But we have a different budget for ‘retention/compete’. It happens more often than you’d think. We gave a team member on our team a counteroffer and he stayed. We made him a counteroffer because we ...
by m@ver1ck
Wed Jun 10, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Move from VTsax to sp500?
Replies: 9
Views: 898

Move from VTsax to sp500?

If one believes that only smaller companies are going to be impacted disproportionately would be a good time to move from full market index to sp500 index?

And how foolhardy is that belief?
by m@ver1ck
Wed Jun 10, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21106

Re: Markets back near all time highs - how are you feeling and path forward ?

Weve been told by our MSFT CVP that we will be working from home until a vaccine comes out. In addition, it's great since now we are collaborating more effectively with remote teams. Also - productivity had been same or higher WFH. However I notice the effects of isolation, specially on single peop...
by m@ver1ck
Tue Jun 09, 2020 12:40 am
Forum: Investing - Theory, News & General
Topic: How to deal with single stock friends
Replies: 41
Views: 3343

Re: How to deal with single stock friends

That haven't made any money until they sell. And then what will they buy? Will they get lucky again?
by m@ver1ck
Mon Jun 08, 2020 11:51 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21106

Re: Markets back near all time highs - how are you feeling and path forward ?

Weve been told by our MSFT CVP that we will be working from home until a vaccine comes out. In addition, it's great since now we are collaborating more effectively with remote teams. Also - productivity had been same or higher WFH. However I notice the effects of isolation, specially on single peopl...
by m@ver1ck
Mon Jun 08, 2020 11:46 pm
Forum: Investing - Theory, News & General
Topic: Markets back near all time highs - how are you feeling and path forward ?
Replies: 238
Views: 21106

Re: Markets back near all time highs - how are you feeling and path forward ?

Not happy at all. Was waiting for the 50% drop that never happened.
by m@ver1ck
Mon Jun 08, 2020 11:40 pm
Forum: Investing - Theory, News & General
Topic: You have a second chance to reduce your stock holdIng
Replies: 112
Views: 12937

Re: You have a second chance to reduce your stock holdIng

In my case, lesson learned. I was at 77/23, but with no EF. I did rebalance back to 77/23 when the market crashed and now I'm at 86/14. However, I used most new 401K funds to buy stocks in deferred but sold the same amount of stocks in taxable to shore up my EF. The plan now is to keep buying CDs an...
by m@ver1ck
Mon Jun 08, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36140

Re: Car Dealers not really wanting to make a deal

I've bought four new cars over the past 10 years. Not saying that I know the best way to buy cars - or even that I got the best prices but here's what I've realized: there seem to be stores that have the best prices. I just email everyone for their best prices. The ones with the lowest prices have c...
by m@ver1ck
Mon Jun 08, 2020 9:39 am
Forum: Personal Investments
Topic: Bonds and REIT in non-taxable - is this right?
Replies: 15
Views: 953

Re: Bonds and REIT in non-taxable - is this right?

What bond yields at 1.4%, bonds in taxable should be fine.
by m@ver1ck
Sun Jun 07, 2020 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Quicksilver: 1.5% reward, thoughts?
Replies: 98
Views: 276440

Re: Capital One Quicksilver: 1.5% reward, thoughts?

I thought I could learn something useful from this thread but havent. I use Chase Amazon Visa for most of our shopping (Amazon), Whole Foods and Gas. 5%, 5% and 2%. 1.5% A mix between Chase freedom card and Capital One and amex blue cash - for other expenses (Costco and non amazon). Only reason I st...
by m@ver1ck
Sun Jun 07, 2020 11:14 am
Forum: Personal Investments
Topic: VBTLX vs. CDs vs.. 2.75% Mortgage
Replies: 6
Views: 911

Re: VBTLX vs. CDs vs.. 2.75% Mortgage

I'm 44. By leaving things at autopilot, I'd be paying off the mortgage at 52, in 2028. The FIRE folks had me all excited about returning earlier, say at 55 - but I think I want to keep working until the work is fun and health permits it... After writing siftware for 20 years I have now become a mana...
by m@ver1ck
Sat Jun 06, 2020 10:00 pm
Forum: Personal Investments
Topic: VBTLX vs. CDs vs.. 2.75% Mortgage
Replies: 6
Views: 911

VBTLX vs. CDs vs.. 2.75% Mortgage

My target AA is 77/23. Due to recent events, rebalancing, and then the market climb up I'm now at 83/16. My target AA (and current AA) includes a smallish EF. Total (across all accounts) = 1.5M. Only debt is Mortgage - 230K, 8 years left on a 15yr 2.75% mortgage. I was thinking of going to get to my...