Search found 109 matches

by softwaregeek
Fri Jun 14, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?
Replies: 19
Views: 1171

Re: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?

If you have 250k to move, a relationship mortgage is an option. Also consider a 10/1 arm.
by softwaregeek
Thu Jun 13, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Southwest Airlines credit card
Replies: 10
Views: 1520

Re: Chase Southwest Airlines credit card

Do your utlities take credit cards? I prepay when I want to hit a credit card spending bonus.
by softwaregeek
Thu Jun 13, 2019 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Big (expensive) remodel in LA -- advice and tips?
Replies: 12
Views: 1269

Re: Big (expensive) remodel in LA -- advice and tips?

I am just completing a major remodel in silicon valley which went very much over budget. Problem number one was not using a design build. Because of this, nolbody told me that many of my decisions were driving up costs. if I had known, for example that the massive windows I specified meant thicker f...
by softwaregeek
Tue Jun 11, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying Beyond Meat stock?
Replies: 35
Views: 2761

Re: Anyone buying Beyond Meat stock?

They served it as an option at work this week. It was actuat really good. Might buy the product but the stock is pure speculation.
by softwaregeek
Mon Jun 10, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Umbrella Insurance - Found out my Geico Umbrella is terrible
Replies: 2
Views: 1101

Personal Umbrella Insurance - Found out my Geico Umbrella is terrible

Based on a recent thread about umbrella insurance, I took a hard look at mine. I have a Geico Umbrella insurance policy. I've been reading about umbrella insurance and what makes good insurance. In particular, I came across this umbrella insurance checklist. https://www.irmi.com/docs/default-source/...
by softwaregeek
Sun Jun 09, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Life Strategy Vs. Investment Strategy
Replies: 14
Views: 1350

Re: Life Strategy Vs. Investment Strategy

Burnout.Its real. Consider taking a sabbatical or upping your vacations. I always feel refreshed when I get back from a vacation. I need about a week to chill out when I go.
by softwaregeek
Sun Jun 09, 2019 12:56 am
Forum: Personal Investments
Topic: 7% callable - Structured Investment/Note
Replies: 30
Views: 2422

Re: 7% callable - Structured Investment/Note

So if the market goes up you lose your 2% fee and it gets called in six months. And if the market crashes you lose,your principal. I don’t know what it is, but not a bond.
by softwaregeek
Sat Jun 08, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Dilemma
Replies: 11
Views: 1218

Re: Refinancing Dilemma

Amalgamated was at one point run by the unions for union members. Legit place, been around forever. Don’t know how they are on mortgages but hardly obscure.
by softwaregeek
Sat Jun 08, 2019 8:21 pm
Forum: Personal Investments
Topic: UBS claiming access to 'special'/limited investment funds - BIL
Replies: 10
Views: 799

Re: UBS claiming access to 'special'/limited investment funds - BIL

There are certain funds which can be purchased which are superior. Specifically, top tier VC and PE funds and infrastructure investments. But those are not available to even most HNW individuals. For example, I understand that Sequoia has a new fund with 250 million minimum for new investors. They d...
by softwaregeek
Sat Jun 08, 2019 4:35 pm
Forum: Personal Investments
Topic: 7% callable - Structured Investment/Note
Replies: 30
Views: 2422

Re: 7% callable - Structured Investment/Note

So if I understand this correctly, this is a bond where they pay you 7 percent unless the market has a severe correction, in which case you lose your principal. In general, I buy bonds to preserve principal in severe corrections. I havent done the math, but I suspect equities return well above 7 per...
by softwaregeek
Fri Jun 07, 2019 6:57 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 37
Views: 2410

Re: How is Merrill Edge?

The term you need to remember is " relationship mortgage"". You can do a search on the forum. Can be up to half a percent below market for the best customers.
by softwaregeek
Fri Jun 07, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting [How is consulting work done?]
Replies: 12
Views: 1590

Re: Consulting [How is consulting work done?]

I should also add the cycle is brutal when there was a downtown. I worked for a boutique software consulting firm in 2001 and rates fell from 200 an hour to 40.
by softwaregeek
Fri Jun 07, 2019 5:33 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 37
Views: 2410

Re: How is Merrill Edge?

I should also add that for high dollar Merrill edge customers you can get a way under market mortgage.
by softwaregeek
Fri Jun 07, 2019 3:59 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 37
Views: 2410

Re: How is Merrill Edge?

I am in the 100k+ tier. On the surface it is fine but the little things are terrible. Low sweep rate, Monet market not available without hoops, makes you wait until account is settled on a sale before purchasing something new. And the banking part is awful. Against that is account bonus and credit c...
by softwaregeek
Fri Jun 07, 2019 2:11 pm
Forum: Personal Investments
Topic: Getting hit with fees after transitioning from BMO
Replies: 3
Views: 468

Re: Getting hit with fees after transitioning from BMO

For the price of about 10 postage stamps you can crank up the pressure. Start with finra and BBB complaints. Then the new government financial watchdog. Then ftc and state consumer protection. And Yelp.
by softwaregeek
Fri Jun 07, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5203

Re: Close to making an offer on a home

Also, consider a 10/1 arm mortgage. And be sure to get quotes from at least three lenders. There is a lot of deception in the mortt market and the only way to know if you are really getting a good deal is to get multiple quotes. With the current yield curve situation, most ARMs don't make any sense...
by softwaregeek
Fri Jun 07, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Consulting [How is consulting work done?]
Replies: 12
Views: 1590

Re: Consulting [How is consulting work done?]

I have done this on the side. Generally, a good consultant is also a good salesman, unless your skills are incredibly niche and valuable. Networking is critical, unless you favor cold calling. Of course, you state you are in sales, so that may not be a problem. Of the consulting gigs I have done, it...
by softwaregeek
Fri Jun 07, 2019 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1507

Re: Household Assistant/Helper

Agree on care.com. I have used them to find three nannies. Also nextdoor.com in my area. Agreed on the yardwork, different skill set. Although my current nanny used to run a plant nursery, so ymmv. Rates are hyper local. Here in silicon valley, it is more expensive by far than areas an hour away, ma...
by softwaregeek
Fri Jun 07, 2019 3:46 am
Forum: Personal Finance (Not Investing)
Topic: Best place to get a mortgage these days?
Replies: 7
Views: 1039

Re: Best place to get a mortgage these days?

For jumbo loans, the market is the wild west. If you have 200 to 250k assets to move, any megabank will give you major discount. Get estimates and take to the next bank. Repeat as necessary. When nobody will beat the rate, you are getting a good deal. Different banks are strong on different mortgage...
by softwaregeek
Thu Jun 06, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Software
Replies: 24
Views: 2067

Re: Personal Capital Software

I worked in the security software industry for years. I strongly agree that two factor authentication is the best security thing you can do. Basically, it means having something you know and something you have. You know the password. You get something with a randomly generated number (an app or a ke...
by softwaregeek
Thu Jun 06, 2019 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5203

Re: Close to making an offer on a home

Also, consider a 10/1 arm mortgage. And be sure to get quotes from at least three lenders. There is a lot of deception in the mortt market and the only way to know if you are really getting a good deal is to get multiple quotes.
by softwaregeek
Thu Jun 06, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

Did you move over more than 1m? That bonus was high than mine. I am
by softwaregeek
Thu Jun 06, 2019 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

Try bofa and citi. They seem to be most aggressive right now. wF ARM looks ok, fixed looks a little high. Excluding prepaid interest, closing is high for first republic, I was quoted 3.5 to 4 for the big banks.
by softwaregeek
Wed Jun 05, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Propel American Express Card, Odd Couple???
Replies: 7
Views: 584

Re: Wells Fargo Propel American Express Card, Odd Couple???

There is also a tiered account value bonus similar to BofA preferred rewards. And the card benefits also increase with account to tier. So for high balance Wells customers it is quite competitive.
by softwaregeek
Wed Jun 05, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Mortgage Refinancing
Replies: 14
Views: 843

Re: Help with Mortgage Refinancing

Lastly, worth asking about relationship discounts if you can move assets- often times can get significant rate reductions by doing so. See the thread for more info: https://www.bogleheads.org/forum/viewtopic.php?t=280692 I was the author of that post. Definitely worth a shot if you can do it. Also,...
by softwaregeek
Wed Jun 05, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

Remember to ask for the a account move bonus so you can double dip. Fyi, taxed as interest.
by softwaregeek
Tue Jun 04, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 3437

Re: How to get the lowest mortgage rate?

Check out the thread on relationship mortgages. Just closing 3.25 for a 30 year fixed jumbo.
by softwaregeek
Tue Jun 04, 2019 2:55 pm
Forum: Personal Investments
Topic: Buying farmland shares through AcreTrader
Replies: 10
Views: 955

Re: Buying farmland shares through AcreTrader

Looked into it a couple of years ago. Was a great investment way back but prices have increased fsster than rents over the past few decades so return has come down. Iowa ag extension publishes prices and rents so data on out there
by softwaregeek
Mon Jun 03, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

The key is to shop around and get multiple bids. People spend much more time shopping for cars to save 500 vs saving tens of thousands on a mortgage.
by softwaregeek
Sun Jun 02, 2019 2:51 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

US Bank hasn't been mentioned in this thread, but they do have relationship banking perks for private wealth clients - including potentially access to some special credit cards. They might be worth calling, albeit I have no idea how competitive they are for mortgage rates. I would suspect that ther...
by softwaregeek
Sat Jun 01, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

At least for me, Chase wasn't competitive even with the new rate. They couldn't touch the others.
by softwaregeek
Sat Jun 01, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

From Chase Private Client web site (https://chaseprivateclient.chase.com/): 5 The Chase Private Client Mortgage Rate Program offers Chase Private Clients rate discounts of 0.125% for total deposits and investments of $250,000 - $999,999 or 0.25% for $1,000,000+. There is apparently a new chart that...
by softwaregeek
Fri May 31, 2019 3:37 am
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 28
Views: 7417

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

Entertaining blog, but all of these realty crowdfunding things and P2P loans are quite risky in my eyes. I was one of the earliest investors in P2P loans on a pre-lending club platform in 2006-2009. When the cycle turned, it was absolutely brutal. Fortunately, I had invested only an 'experimental' a...
by softwaregeek
Thu May 30, 2019 11:47 pm
Forum: Personal Investments
Topic: Have RSUs. Should I enroll in ESPP too?
Replies: 26
Views: 1446

Re: Have RSUs. Should I enroll in ESPP too?

You should participate to the maximum in ESPP. You should sell RSU when they vest. They are taxed as salary income when they vest. Therefore, there is no tax benefit to keeping them beyond that. You do pay any gain or loss from the day they vest. If you sell them when they vest, that will be minimal...
by softwaregeek
Thu May 30, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Peer Assessment: Please critique my plan for getting personal finances in order.
Replies: 9
Views: 1245

Re: Peer Assessment: Please critique my plan for getting personal finances in order.

I was referring to a cash out first mortgage refi. Also, debt against a house is better than student loans as it is dischargable in a bankruptcy. A 10/1 arm at under 3.5 ought to be doable. I would probably do the max in retirement and anything left over pay down mortgage, but at 3.5 tax deductible ...
by softwaregeek
Thu May 30, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Peer Assessment: Please critique my plan for getting personal finances in order.
Replies: 9
Views: 1245

Re: Peer Assessment: Please critique my plan for getting personal finances in order.

You might consider doing a cash out refi on the house to pay off most of the student loan. The rate would be lower and interslest would be tax deductible up to 100k on the cash out.
by softwaregeek
Thu May 30, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

A little birdie told me that Chase has a new relationship program identical to BofA/Wells Fargo but it is unadvertised and not many Chase staff know about it. Ymmv.
by softwaregeek
Sun May 26, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

.... or just goto a credit union. Patelco 3.0% 5/1 ARM done. None of this goofy AUM nonsense. It’s probably not the absolute lowest, but darn close, without the hassles. Okay, but the 10/1 ARM is 3.375%, which is exactly Citi's rate without the relationship discount. It's a difference of 0.5% - do ...
by softwaregeek
Sat May 25, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4117

Re: Senior management/executives

I am more in middle management than in senior management, but I've been in business for a couple of decades. I presume this was an indirect sexual solicitation in exchange for some sort of work benefit. To put it bluntly if the guy is really a senior exec, HR is not on your side. Remember, HR is not...
by softwaregeek
Sat May 25, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Which Renters Insurance Brand/Company should I use?
Replies: 13
Views: 1388

Re: Which Renters Insurance Brand/Company should I use?

If you have a car, see if you can combine for multi policy discount. Renters insurance is cheap enough that if you can get a discount on car insurance the cost will be a rounding error.
by softwaregeek
Thu May 23, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 185
Views: 15202

Re: Relationship mortgage discounts for moving a million assets

HSBC does it, but I am not sure to what extent. Might be a good fit if your home country is one of their strongholds.
by softwaregeek
Thu May 23, 2019 10:55 pm
Forum: Investing - Theory, News & General
Topic: Why not non traded REIT such as yield tree?
Replies: 25
Views: 1792

Re: Why not non traded REIT such as yield tree?

I looked at cadre, which I thought was better. I thought the assets were good but the fees ate you alive. I passed.
by softwaregeek
Thu May 23, 2019 10:50 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12384

Re: Is the housing market starting to collapse?

Goal33 wrote:
Thu May 23, 2019 9:39 pm
softwaregeek wrote:
Thu May 23, 2019 2:09 pm
It is here is Silicon Valley, for sure.
Is it down half a percent?
10 percent off highs in six months and dropping like a stone. Supply coming out of the woodwork as investors and old timers are afraid again.
by softwaregeek
Thu May 23, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12384

Re: Is the housing market starting to collapse?

It is here is Silicon Valley, for sure.
by softwaregeek
Wed May 22, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17917

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by softwaregeek
Wed May 22, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17917

Re: Very High Net Worth, elite private or “good” public

We do pay for additional enrichment - about four hours a week of high quality math instruction, two hours a week of Mandarin language training, plus some non-academic stuff such as gymnastics and martial arts. I also personally tutor her in random programming languages on occasion and in Chess. Pub...
by softwaregeek
Wed May 22, 2019 10:33 pm
Forum: Investing - Theory, News & General
Topic: Why not non traded REIT such as yield tree?
Replies: 25
Views: 1792

Re: Why not non traded REIT such as yield tree?

I have a general rule of thumb that any investment that needs to be advertised is a loser.

Why would they pay you 15 percent when they could issue bonds for 4 percent and make the money themselves?
by softwaregeek
Wed May 22, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 687

Re: New Bank suggestions in South Carolina

I have used Schwab online bank for 20 years, recommend them highly. They have no fees and rebate both domestic and international atm fees. Also no fx fees internationally.