Search found 87 matches

by Almond
Wed May 20, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 186
Views: 14345

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will ...
by Almond
Wed May 20, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 186
Views: 14345

Re: Optimizing PPP Forgiveness

Couple of questions. For other expenses, such as rent is it 25% of total loan or 25% of payroll that is forgiven? If the latter the $ amount for other would be smaller as loan based on 10 weeks of payroll and forgiveness is based on 8 weeks. FTE and 40 hours. New guidance says amount forgiven will b...
by Almond
Fri May 01, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 448
Views: 64277

Re: Relationship mortgage discounts for moving a million assets

This thread has been very helpful to me, so thought I would give back. Chase is offering *very* aggressive relationship discounts far beyond what are listed on the site. I was offered 0.500 off the quoted rate for moving $1M+ in assets. With some haggling and because "they're trying to expand the P...
by Almond
Tue Apr 28, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 448
Views: 64277

Re: Relationship mortgage discounts for moving a million assets

For a datapoint, I closed last week on a 10/1 ARM at 2.25% with BofA. Loan ~ $1.6M Property ~ $2.3M Originally, Citi offered me 2.375% for moving $1M in assets. BofA offered to match without moving new assets (I had roughly $650K with them). BofA then sent a mailer offering .125% for moving 250K (t...
by Almond
Tue Apr 28, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1561
Views: 142175

Re: Refinance Mega Thread

Just got offer of 3.65 10 year interest only from BOA with about $8k in closing cost. This is before relationship discount,


Anyone recently getting better than that?
by Almond
Tue Apr 28, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1561
Views: 142175

Re: Refinance Mega Thread

I’m in the process of closing a 30 year @ 2.75% with BOFA for a cash out refinance. Will end up paying about 4K in fees, figured I’d break even in a few years and doubt I’ll refi again anytime soon. They originally matched a 3% offer I got in early March and then transferred 500K assets to get an a...
by Almond
Tue Apr 21, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 186
Views: 14345

Re: Optimizing PPP Forgiveness

About 8 weeks forgiveness starting when you receive the funds. Depending on when you receive the funds and on what date you pay payroll — some companies might get to deduct for forgiveness 2 or 4 payrolls (depending on if you pay monthly or biweekly) and others 1 or 3. Unless you bring payroll forw...
by Almond
Tue Apr 21, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1561
Views: 142175

Re: Refinance Mega Thread

Would everyone mind stating with the interest rate, LTV, etc. whether their loan is jumbo? I'm not finding rates anywhere close to 3% or under for variable jumbo loans so I suspect most of these great refinancing offers are for conforming loans? Talk to BoA I did today just preliminary quoted . Ref...
by Almond
Tue Apr 21, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1561
Views: 142175

Re: Refinance Mega Thread

Would everyone mind stating with the interest rate, LTV, etc. whether their loan is jumbo? I'm not finding rates anywhere close to 3% or under for variable jumbo loans so I suspect most of these great refinancing offers are for conforming loans? Talk to BoA I did today just preliminary quoted . Ref...
by Almond
Tue Apr 21, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: ARM question/ Refi
Replies: 8
Views: 558

Re: ARM question/ Refi

**update** Navy Federal just updated my account so i now know my rate. Very happy i did not refinance and just waited for it to reset. I'm good for the next five 5 years!! Anyone else with an arm resetting soon will be happy with new rate. Next Scheduled Interest Rate Change Date 07/01/2020 Next In...
by Almond
Tue Apr 21, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1561
Views: 142175

Re: Refinance Mega Thread

Would everyone mind stating with the interest rate, LTV, etc. whether their loan is jumbo? I'm not finding rates anywhere close to 3% or under for variable jumbo loans so I suspect most of these great refinancing offers are for conforming loans? Talk to BoA I did today just preliminary quoted . Ref...
by Almond
Tue Apr 21, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 186
Views: 14345

Re: Optimizing PPP Forgiveness

About 8 weeks forgiveness starting when you receive the funds. Depending on when you receive the funds and on what date you pay payroll — some companies might get to deduct for forgiveness 2 or 4 payrolls (depending on if you pay monthly or biweekly) and others 1 or 3. Unless you bring payroll forwa...
by Almond
Tue Apr 21, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo loan refinance
Replies: 7
Views: 613

Re: Jumbo loan refinance

I locked a 30 year, 10/1 ARM in mid March with keybank at 2.75% with -1.23 points in lender credit. It's a jumbo loan with about 75% LTV. Lender credits cover all costs with money left over to put towards pre-paids and escrow. I just got the appraisal back, after one appraiser cancelled. Close is s...
by Almond
Tue Apr 21, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo loan refinance
Replies: 7
Views: 613

Jumbo loan refinance

hey everyone, I know there has been a bunch of threads with people posting rates etc, but I am sure like many I have been so slammed putting out fires, so can only start looking now. If you got a jumbo recently be great if you can post: Type Rate Points and fees Rough date you closed Which lender Ho...
by Almond
Tue Apr 14, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Making offer on a home - jumbo mortgage questions
Replies: 11
Views: 1338

Re: Making offer on a home - jumbo mortgage questions

Get a relationship mortgage with Bank of America. If you moved $500k into BoA/Merrill accounts, you can get a 10/1 ARM for 2.5%. +1 Our 10/1 ARM at BOA is 2.25% with a 0.25% reduction to 2.0% for moving $500k. Wells was 2.375% for the same product. Those were the only two I shopped. I think hedgefu...
by Almond
Fri Apr 03, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 32318

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Hello Theseus, Thanks for helping. it seems it will take longer to get approved for EIDL than PPP loan. Given PPP loan will probably be approved first does that mean you might not get EIDL? And why not? Although you cannot double dip can you use the EIDL to pay for payroll etc after the 8 weeks PPP...
by Almond
Thu Apr 02, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 32318

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

Hello Theseus, Thanks for helping. it seems it will take longer to get approved for EIDL than PPP loan. Given PPP loan will probably be approved first does that mean you might not get EIDL? And why not? Although you cannot double dip can you use the EIDL to pay for payroll etc after the 8 weeks PPP ...
by Almond
Tue Mar 31, 2020 5:01 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11488

Re: Mortgage - Keep balance as High as Possible

Bingo. Interest only mortgage is like renting with none of the downsides (e.g. raised rent, unable to customize, landlord ending your lease, etc...) There are risks to an interest only mortgage. But I'm sure you know that. Honestly I can’t think of any. I don’t have a 30 year fixed rate interest-on...
by Almond
Mon Mar 30, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11488

Re: Mortgage - Keep balance as High as Possible

I figure there are two reasonable choices. Pay the mortgage off as soon as possible, or, have a mortgage that you will never be able to pay off (i.e. have the mortgage pay off date likely be longer than you will live - refinance for another 30 years as needed). Bingo. Interest only mortgage is like...
by Almond
Wed Mar 11, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: Are Treasury Bonds no longer a safe haven w/ 0% interest rates
Replies: 57
Views: 4030

Re: Are Treasury Bonds no longer a safe haven w/ 0% interest rates

Tyler9000 posted this in my thread where I was confused how bonds and interest rates work. Hope it helps Tyler9000 wrote: ↑Tue Mar 10, 2020 11:42 am Bonds make money in two ways -- interest payments and capital appreciation due to changing market rates. Long term treasuries are particularly sensitiv...
by Almond
Tue Mar 10, 2020 1:17 pm
Forum: Personal Investments
Topic: Confused by Bonds and interest rates threads
Replies: 12
Views: 801

Re: Confused by Bonds and interest rates threads

Bonds make money in two ways -- interest payments and capital appreciation due to changing market rates. Long term treasuries are particularly sensitive to rate changes, so their capital appreciation (or loss) can easily dwarf the interest payment. And they get more and more volatile the lower rate...
by Almond
Tue Mar 10, 2020 1:15 pm
Forum: Personal Investments
Topic: Confused by Bonds and interest rates threads
Replies: 12
Views: 801

Re: Confused by Bonds and interest rates threads

So I have seen a number of threads pop up about rates go 0 or negative and thinking of moving fixed income to CD’s etc. Here is my confusion I buy LTT as part of AA to minimize risk of equities. So far when stocks have gone down LTT have gone up thus reducing my potential loss. I have never looked ...
by Almond
Tue Mar 10, 2020 10:17 am
Forum: Personal Investments
Topic: Confused by Bonds and interest rates threads
Replies: 12
Views: 801

Confused by Bonds and interest rates threads

So I have seen a number of threads pop up about rates go 0 or negative and thinking of moving fixed income to CD’s etc. Here is my confusion I buy LTT as part of AA to minimize risk of equities. So far when stocks have gone down LTT have gone up thus reducing my potential loss. I have never looked a...
by Almond
Mon Mar 09, 2020 4:05 pm
Forum: Personal Investments
Topic: Should I Sell my Bond Funds
Replies: 18
Views: 2388

Re: Should I Sell my Bond Funds

right but that is for what you already hold. If down the road rates go to 0 or negative why would people buy them and thus who would you sell to . I find this bond thing tricky to understand and it seems most people have some difficulty with it. Intermediate bonds won't go there for several years, ...
by Almond
Mon Mar 09, 2020 2:49 pm
Forum: Personal Investments
Topic: Should I Sell my Bond Funds
Replies: 18
Views: 2388

Re: Should I Sell my Bond Funds

I still don’t understand how bonds work IF you buy 10k LTT or ITT and rates go to 0 or negative instead of being paid a dividend to hold bonds it could cost you? But the share price could also increase? You could sell and reinvest the % increase in stocks to rebalance. I am so confused can someone ...
by Almond
Mon Mar 09, 2020 1:26 pm
Forum: Personal Investments
Topic: Should I Sell my Bond Funds
Replies: 18
Views: 2388

Re: Should I Sell my Bond Funds

I still don’t understand how bonds work IF you buy 10k LTT or ITT and rates go to 0 or negative instead of being paid a dividend to hold bonds it could cost you? But the share price could also increase? You could sell and reinvest the % increase in stocks to rebalance. I am so confused can someone ...
by Almond
Mon Mar 09, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: "Need, ability, willingness" with bonds yielding <1%
Replies: 53
Views: 3714

Re: "Need, ability, willingness" with bonds yielding <1%

When evaluating our asset allocation, one foundational question is what is our capacity for risk, which is defined in the wiki as the short term variation of an investment's return. Another common definition for risk is what is the maximum drawdown. To determine risk capacity, the standard advice i...
by Almond
Mon Mar 09, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: "Need, ability, willingness" with bonds yielding <1%
Replies: 53
Views: 3714

Re: "Need, ability, willingness" with bonds yielding <1%

When evaluating our asset allocation, one foundational question is what is our capacity for risk, which is defined in the wiki as the short term variation of an investment's return. Another common definition for risk is what is the maximum drawdown. To determine risk capacity, the standard advice i...
by Almond
Mon Mar 09, 2020 8:37 am
Forum: Personal Investments
Topic: Should I Sell my Bond Funds
Replies: 18
Views: 2388

Re: Should I Sell my Bond Funds

I still don’t understand how bonds work IF you buy 10k LTT or ITT and rates go to 0 or negative instead of being paid a dividend to hold bonds it could cost you? But the share price could also increase? You could sell and reinvest the % increase in stocks to rebalance. I am so confused can someone e...
by Almond
Mon Mar 09, 2020 8:30 am
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Re: Question about bonds AA

Did it over 40 years and 60/40 did best, and while 50/50 came third the difference was small and max drawdowns were sig smaller. Making it easy to sleep at night. I thought 100% stocks over time performed significantly better, so now I am confused and maybe I am not using the right data. PV results...
by Almond
Sun Mar 08, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4945
Views: 427856

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Read through the thread a lot to digest but big picture This is BH 2 fund portfolio but with 3x leverage The optimum AA is 55/45 Rebalance quarterly unless greater than 15% out of whack Do this in a Roth Correlation works only when interest rate are steady or falling. So do you get out if interest r...
by Almond
Mon Mar 02, 2020 6:45 pm
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Re: Question about bonds AA

In general, 100% stocks performed best in backtests (if "best" means "higher return"), unless your backtest is on some special timeframe.. Did it over 40 years and 60/40 did best, and while 50/50 came third the difference was small and max drawdowns were sig smaller. Making it easy to sleep at nigh...
by Almond
Mon Mar 02, 2020 6:43 pm
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Re: Question about bonds AA

In general, 100% stocks performed best in backtests (if "best" means "higher return"), unless your backtest is on some special timeframe.. Did it over 40 years and 60/40 did best, and while 50/50 came third the difference was small and max drawdowns were sig smaller. Making it easy to sleep at nigh...
by Almond
Mon Mar 02, 2020 6:18 pm
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Re: Question about bonds AA

Third Son wrote:
Mon Mar 02, 2020 6:01 pm
This is a good article to read... Ala Rick Ferri

https://www.etf.com/sections/index-inve ... nopaging=1

Thank you. Will check it out
by Almond
Mon Mar 02, 2020 6:18 pm
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Re: Question about bonds AA

In general, 100% stocks performed best in backtests (if "best" means "higher return"), unless your backtest is on some special timeframe.. Did it over 40 years and 60/40 did best, and while 50/50 came third the difference was small and max drawdowns were sig smaller. Making it easy to sleep at nigh...
by Almond
Mon Mar 02, 2020 5:50 pm
Forum: Personal Investments
Topic: Question about bonds AA
Replies: 19
Views: 859

Question about bonds AA

I know past doesn’t guarantee future. Backtested a AA — 100% stock, 50/50, and 60/40 over 40 years. Seems 60/40 performed best and 50/50 was not too bad as even the worse year would not have had you freaking out. Am I missing something? https://www.portfoliovisualizer.com/backtest-asset-class-alloca...
by Almond
Mon Mar 02, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Are you glad to have bonds in your AA? I am.
Replies: 76
Views: 4726

Re: Are you glad to have bonds in your AA? I am.

I was looking at AA over time and a 60/40 performed just as well as 100% equities and a 50/50 was pretty good also. https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults Here with a monthly contribution, regardless of age. https://www.portfoliovisualizer.com/backtest-a...
by Almond
Mon Mar 02, 2020 8:29 am
Forum: Investing - Theory, News & General
Topic: Are you glad to have bonds in your AA? I am.
Replies: 76
Views: 4726

Re: Are you glad to have bonds in your AA? I am.

I was looking at AA over time and a 60/40 performed just as well as 100% equities and a 50/50 was pretty good also. https://www.portfoliovisualizer.com/backtest-asset-class-allocation#analysisResults Here with a monthly contribution, regardless of age. https://www.portfoliovisualizer.com/backtest-as...
by Almond
Mon Mar 02, 2020 7:51 am
Forum: Investing - Theory, News & General
Topic: When to Tax Loss Harvest?
Replies: 48
Views: 3229

Re: When to Tax Loss Harvest?

If you have some LT CG and also some ST CL it is an opportunity THL against LT CG assuming you don’t have ST CG and step up your entry price on the shares you hold. in a taxable account this can be very helpful.
by Almond
Fri Feb 28, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Re-assessing risk tolerance if near/in retirement
Replies: 50
Views: 2536

Re: Re-assessing risk tolerance if near/in retirement

How did bonds do in the 08 crash.
by Almond
Thu Feb 27, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 87
Views: 7550

Re: Interest only mortgage: the conservative choice?

hello OP, I know you posted the terms from BOA, but for the life of me I can’t see where. I am thinking of doing the same with a $500k transfer. What were the rates. What about fees etc, and have you pulled the trigger on it? Thank you I have not pulled the trigger; I am waiting for rates to settle...
by Almond
Thu Feb 27, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 87
Views: 7550

Re: Interest only mortgage: the conservative choice?

hello OP,

I know you posted the terms from BOA, but for the life of me I can’t see where. I am thinking of doing the same with a $500k transfer.

What were the rates. What about fees etc, and have you pulled the trigger on it?

Thank you
by Almond
Thu Feb 27, 2020 11:21 am
Forum: Investing - Theory, News & General
Topic: Corona virus, stock market gyrations & Jack Bogle
Replies: 41
Views: 3124

Re: Corona virus, stock market gyrations & Jack Bogle

say this does become a pandemic and we have supply chain disruptions, people struggling to get food and needed meds, sanitary conditions in less developed countries unraveling and in the West they will be greatly strained. All of these things will have a huge knock on effect. While I get the Bogle ...
by Almond
Thu Feb 27, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Corona virus, stock market gyrations & Jack Bogle
Replies: 41
Views: 3124

Re: Corona virus, stock market gyrations & Jack Bogle

say this does become a pandemic and we have supply chain disruptions, people struggling to get food and needed meds, sanitary conditions in less developed countries unraveling and in the West they will be greatly strained. All of these things will have a huge knock on effect. While I get the Bogle ...
by Almond
Thu Feb 27, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: Corona virus, stock market gyrations & Jack Bogle
Replies: 41
Views: 3124

Re: Corona virus, stock market gyrations & Jack Bogle

say this does become a pandemic and we have supply chain disruptions, people struggling to get food and needed meds, sanitary conditions in less developed countries unraveling and in the West they will be greatly strained. All of these things will have a huge knock on effect. While I get the Bogle w...
by Almond
Thu Feb 27, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296827

Re: Coronavirus and the market

In my opinion, there is no need to panic and worry over about an apocalyptic breakdown in society and total economic collapse. If, and that's a huge if, that ever happens, it would first have happened much earlier and in far worse ways to several other countries. In my opinion, the near-impossible,...
by Almond
Mon Dec 09, 2019 11:24 am
Forum: Personal Investments
Topic: TLT vas BND
Replies: 3
Views: 369

TLT vas BND

Hello, I know past performance does not guarantee future returns. I am trying to understand why you would buy a fund such as BND vs treasuries such as TLT. [url][https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2019&lastMonth=12&calendarAlig...
by Almond
Tue Nov 26, 2019 1:09 pm
Forum: Personal Investments
Topic: roth conversion as ordinary income
Replies: 2
Views: 461

roth conversion as ordinary income

I understand if I convert a pre-tax IRA to a Roth it is considered ordinary income and therefore subject to tax. If I have income from self employed business but also might have to make a loan to the company before year end to offset some cash flow problems. I know I can offset the loan against inco...
by Almond
Fri May 24, 2019 11:10 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 15356

Re: Help my broker is trying to freak me out

Almond - In order to give appropriate advice, it's best to keep all the information in one spot. I merged your update back into the original. Also, I posted an update note in the first post. In addition to seeing the entire discussion, members who've posted in the original thread will see the updat...