Search found 30 matches

by nehawk87
Tue Sep 05, 2023 3:19 pm
Forum: Investing - Theory, News & General
Topic: What motivated you to save money?
Replies: 232
Views: 28001

Re: What motivated you to save money?

I always had an interest in Personal Finance but having kids is what led to me turbo-charging the motivation I have around both my income and my savings.

There's a lot of responsibility in providing for 3 kids (in my case all 5 and under). I feel the weight of that responsibility and often worry about losing my income. That combination of responsibility and worry results in me trying to save a lot of money. I haven't quite socked away enough to feel at ease but I'm getting there.
by nehawk87
Mon Aug 07, 2023 8:15 am
Forum: Personal Consumer Issues
Topic: Private School (Affordably)
Replies: 54
Views: 5620

Re: Private School (Affordably)

I have the same question, how is it possible at $5K? religious schools may offer discounted tuition, they are a no for me but I don't have a issue with others sending because they want to for that reason. It's a Catholic school, sorry I should have clarified in the original post! I'm in a LCOL city (Midwest). I can only think of one non-religious private school in my area that I'd consider and you're right, the prices are significantly higher as it's the top private school in the state with all of the city's wealthiest families. I'm personally not totally turned away by a Catholic school. I have family members and friends in the area (both of Catholic and non-Catholic faith) who have attended these schools and had very positive things to s...
by nehawk87
Sun Aug 06, 2023 8:11 pm
Forum: Personal Consumer Issues
Topic: Private School (Affordably)
Replies: 54
Views: 5620

Private School (Affordably)

Hi all, It's hard to believe but I've got my first kid off to Kindergarten this week. I have 3 kids in total (ages 5, 3, and 1). I know the private vs. public school has already been discussed in great detail here but I've noticed that the low cost at which K-8 private school is offered in my MCOL area has me wondering what other Bogleheads might do. The public high schools in my district are excellent, some of the best in the state. The elementary and middle school where I live are fine, not the best not the worst. My wife and I have noticed a lot of our peers are sending their kids to private elementary. The cost is only $4k-$5k / yr (edit: Catholic school) and I'd end up having a discount for awhile with multiple children. As far as my f...
by nehawk87
Sun Feb 26, 2023 5:19 pm
Forum: Personal Investments
Topic: Grandparents & 529 Tax Deductions
Replies: 14
Views: 1430

Re: Grandparents & 529 Tax Deductions

sailaway wrote: Sun Feb 26, 2023 5:16 pm Your wife needs to read up on step transaction doctrine.
Yes, fair enough! Seemed too good to be true and step transaction confirms that.
by nehawk87
Sun Feb 26, 2023 5:09 pm
Forum: Personal Investments
Topic: Grandparents & 529 Tax Deductions
Replies: 14
Views: 1430

Grandparents & 529 Tax Deductions

I wanted to get the BH take on an interesting tax "strategy" my wife came up with today. We were discussing tax advantaged strategies for paying for our children's college down the road. We contribute the max tax deductible amount for our state annually and also fund a mega backdoor Roth IRA as much as we can. Another thought we had today is making an arrangement with my wife's parents to create a 529 account with our children as beneficiaries. This would open up another ~$20K of 529 space that would be eligible for another state tax deduction (obviously on her parents tax return). We thought about proposing an arrangement that we would fund the account and share the tax deduction 80/20 or so (they may just let us take the whole b...
by nehawk87
Sat Feb 11, 2023 11:11 am
Forum: Personal Investments
Topic: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
Replies: 4
Views: 274

Re: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.

retired@50 wrote: Sat Feb 11, 2023 10:39 am
nehawk87 wrote: Sat Feb 11, 2023 10:34 am Any alternatives that I'm missing?

Appreciate any perspective on this situation.
I'd start a campaign to get a better 401k plan.

Paying .85% as an annual fee on all assets is a horribly high fee.

Is there any chance this is an optional financial adviser fee?

More details about getting a better 401k plan here: https://www.bogleheads.org/wiki/How_to_ ... 01(k)_plan

Regards,
Unfortunately none of the fees are optional. Part of it is an "advisor/consult" fee which from what I understand goes to a broker who assists us in management of the plan. I've attempted to lobby on 401k changes, it's like pulling teeth so I'm afraid this is the situation I'm faced with.
by nehawk87
Sat Feb 11, 2023 10:34 am
Forum: Personal Investments
Topic: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
Replies: 4
Views: 274

Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.

Hi all,

I have $60K in a pre-tax IRA that was rolled over from a former employer's 401k. I'm debating rolling this into my new employer's 401k so that I clear up my pre-tax IRA balance and eliminate the pro-rata issue for Back Door Roth contributions.

In my new 401k, I'm subject to .85% in annual fees on assets :? .

Curious, is it worth paying $510 a year (.85% of $60K) to enable backdoor Roth contributions or better off to just invest in taxable?

Any alternatives that I'm missing? I'd almost rather roll the balance to Roth and pay taxes on it than drain it to 401k fees.

Appreciate any perspective on this situation.
'
by nehawk87
Wed Apr 20, 2022 12:12 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

drumboy256 wrote: Wed Apr 20, 2022 12:03 pm
nehawk87 wrote: Wed Apr 20, 2022 12:00 pm I can’t believe my eyes. $TMF and $UPRO are both….green today?
Where are the TMF bears? 8-) :sharebeer
Probably retired by now.
by nehawk87
Wed Apr 20, 2022 12:00 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

I can’t believe my eyes. $TMF and $UPRO are both….green today?
by nehawk87
Fri Apr 01, 2022 10:43 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Talk about incredible timing with the M1 Finance rebalance this morning. Filled $TMF at $18.66, sold $UPRO at $64.02. Nice to see after an otherwise terrible quarter. Let's see what Q2 brings.
by nehawk87
Fri Apr 01, 2022 6:02 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Rebalance day! Will be a big add to $TMF today.
by nehawk87
Tue Mar 08, 2022 9:52 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Starting to see the naughty "stagflation" word mentioned. Interesting article on it below.

https://www.cfr.org/blog/stagflation-re ... r-imagined
by nehawk87
Tue Jan 25, 2022 8:29 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Dumping my $6K Roth Contribution in this morning. Thoughts and prayers. Hopefully this ends up to be a blessing with a healthy dip for 2022 Roth contributions.
by nehawk87
Mon Jan 04, 2021 8:10 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Rebal day! Equities at all time highs. TMF beaten up somewhat. Good time to reset.
by nehawk87
Wed Nov 04, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

TMF is back from the dead! Up 7%+. UPRO 8%+.

Nice to see a day like this but would really sting if the inverse ever occurred.
by nehawk87
Sun Oct 18, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

Shorting instead of going long has been talked about. I did a quick and dirty test using PV, and shorting has higher CAGR while having lower max drawdown and a significantly higher Sharpe ratio. What reasons are there not to use the shorting strategy? I picked TBT since it is easily shorted on IB (I actually did short SQQQ/TBT successfully for a few months). (I know the ratio of 60/40 isn't optimized, but it's more the comparison we care about here) TQQQ/UBT long: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjust...
by nehawk87
Fri Sep 25, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

I have officially rolled some of my Roth to M1 Finance and executed my trades into 55/45 UPRO/TMF today.

I’m into UPRO at $50.03/share.

Also, the M1 trading structure is really interesting. I personally loved just setting up the “pie” and letting M1 execute the trade in the AM. Obviously this will be a breeze for rebalancing too as others have mentioned.
by nehawk87
Wed Sep 23, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391705

Re: Why not 100% PSLDX?

rchmx1 wrote: Tue Sep 22, 2020 9:56 pm
aqan wrote: Tue Sep 22, 2020 9:47 pm Does it pay out dividends? Maybe that’s causing the outflow.
Quarterly dividends, with the last one on 9/10 being 3.37%. It's subpage on Schwab lists it as having a 6.79% Distribution Yield.
I assume most investors reinvest the dividends which would have less of an impact on AUM. Who knows. Regardless, I like this fund and am investing about 1/3 of my investable assets into it.
by nehawk87
Tue Sep 22, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391705

Re: Why not 100% PSLDX?

Anyone else think it feels odd to invest $100K into PSLDX and then realize you own .01% of the entire fund? Just surprised this fund is still <$1B assets under management.
by nehawk87
Thu Sep 10, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1971242

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

[...] My sheet indeed only goes up to 100 days. But also, it uses this range (that you can choose) for both correlation and volatility. From what I understand now, I should adjust it so that the correlation and volatility ranges can be defined separately. Eg. You could set the correlation range to 100 days (4.75mos) and the volatility range to 21 days (1mo), and then it'd work as required? (except of course the correlation range still wouldn't be 6mos due to the Yahoo restriction, but at least we got fairly close) If you would be so kind, could you maybe run a back test with 100 days of correlation data and compare it to 126 days so that we can see if there is a significant difference (and whether it's positive or negative)? Alright, I jus...
by nehawk87
Wed Mar 25, 2020 5:36 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 19079

Re: Why not stand on the sidelines for a little while?

Lots of shaky hands on this forum lately. Do it, OP.
by nehawk87
Wed Nov 06, 2019 12:47 pm
Forum: Personal Investments
Topic: Is the effective interest rate of a loan higher when it’s early in amortization period?
Replies: 42
Views: 2470

Re: Is the effective interest rate of a loan higher when it’s early in amortization period?

Doesn’t matter. The only thing changing as a loan amortizes is the amount of the loan balance subject to interest.
by nehawk87
Fri Oct 25, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1265794

Re: Refinance Mega Thread

I am not rolling any costs into the loan. Well, technically that's exactly what you are doing: Lender credit exceeding the cost of the appraisal. I’m taking a higher interest rate to keep my out of pocket costs on the refinance as close to zero as possible. You're adding the loan fees to the loan in the form of a higher interest rate. If you keep the loan longer than the break-even point, the bank wins (e.g., if the loan costs were $2,000 and the higher rate makes your P&I $25 higher, then break-even is $2,000/$25 = 80 months = 6.7 years). Nothing wrong with that if the numbers make sense, just don't fool yourself. :wink: At the end of the day, I'm improving my interest rate position relative to my current loan with very minimal out of...
by nehawk87
Thu Oct 24, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1265794

Re: Refinance Mega Thread

rywi wrote: Thu Oct 24, 2019 5:03 pm I just finished refinancing with Owning Corporation. Got a 2.875% fixed 15 mortgage and paid absolutely $0 closing costs, appraisal cost, etc. The only cost was $198 recording fee on the old mortgage. Had a very good and easy experience with Owning, got everything done in about 2 weeks. Their rates are 2.99% now for 15 year fixed under ~$480K.
Wow. Just when I thought I’d be moving forward with Aimloan. I’ll be looking into this. Great rate.
by nehawk87
Thu Oct 24, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1265794

Re: Refinance Mega Thread

I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years. I'm projecting to pay the whole thing off 6 years from now. I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years. For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years. I have refinanced twice and and in the process of doing it again now. All times it has taken the following steps: 1) Email 2 months paystubs, copy of driv...
by nehawk87
Thu Oct 24, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1265794

Re: Refinance Mega Thread

I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years. I'm projecting to pay the whole thing off 6 years from now. I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years. For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years. I have refinanced twice and and in the process of doing it again now. All times it has taken the following steps: 1) Email 2 months paystubs, copy of driv...
by nehawk87
Wed Oct 23, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1265794

Re: Refinance Mega Thread

I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years.

I'm projecting to pay the whole thing off 6 years from now.

I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years.

For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years.
by nehawk87
Mon Aug 05, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: Homeowner Insurance Payout
Replies: 4
Views: 776

Re: Homeowner Insurance Payout

furikake wrote: Mon Aug 05, 2019 5:21 pm Neighbor across the street said he had to fix everything because he still had a mortgage. If you still have a mortgage, you probably need to have everything fixed also otherwise your mortgage company may not be happy about that.
I will have a bank in the equation due to a mortgage (US Bank). They have some documentation around how to handle large insurance claims including using the entire claim against the principal of the mortgage balance. It will be interesting to see how this all plays out. I would hope the mortgage company would be with me in terms of adding more value to the house through improvements other than replacing $10,000 of windows with nearly inivisible dents :) Or taking that remainder and applying towards principal.
by nehawk87
Mon Aug 05, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: Homeowner Insurance Payout
Replies: 4
Views: 776

Homeowner Insurance Payout

Hi all, I am dealing with a homeowners insurance claim for the first time due to a recent hail storm in my area. I want to run my line of thought past the boglehead community and see if people agree/disagree with my approach. My insurance claim has been approved and I am working with insurance directly on a few things they missed. I have a $32K check in hand and would not be surprised to see another $10K-$15K for some items they missed primarily relating to windows/gutters. I have contacted some contractors and they immediately want to see the insurance paperwork and take over as a liaison between me and the insurance company. I am approaching this as two separate problems: 1) Work with the insurance company to get a full and accurate claim...
by nehawk87
Sun Jun 30, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 454
Views: 86827

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I'm finding it interesting that most everyone in this thread does not pay for a financial advisor under their typical business model (high expense ratio funds, selling other high fee investment products, % AUM) but the folks who have paid a fee-only to an advisor find it money well spent.

Are financial advisors smarter than we give them credit for once you take away their sales pitch and high fee investment products? Or do you need to find an advisor that specializes in fee-only services?