Search found 28 matches

by clammyhands
Sun Mar 22, 2020 5:41 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 5
Views: 371

Re: Tax Loss Harvesting Question

Hello all, Instead of starting a new topic, I'd thought I'd piggyback this one. I also have VT that I'm looking to sell for tax loss harvesting purposes. What's a good ETF that would avoid the wash rule? I was thinking ITOT + IXUS, but I would prefer just a 1 for 1 substitution if any ETFs like VT e...
by clammyhands
Wed Feb 12, 2020 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4779

Re: Benefits of paying cash for a house

If you have a long time horizon, I would consider getting the small mortgage and investing the cash in the market. Interest rates are rock bottom right now so I'd have a good feeling about doing better than 3.0-3.5% in the stock market over the long term (after all, this is why I'm investing in the ...
by clammyhands
Sat Feb 08, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5088

Re: Refinance Mortgage?

The spread between 15/20 yr and 30 yr mortgages currently doesn't seem large enough to justify the 15/20yr mortgages in my opinion. The spread between 30 and 20 yr fixed mortgages is 0.125% based on what I'm seeing. I think that small of a spread more than justifies the flexibility and possibility o...
by clammyhands
Sat Feb 08, 2020 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5088

Re: Refinance Mortgage?

On a fixed 30 year ($268,800 refi) I'm being quoted 3.785% - $2688 at closing - $1,264 P/I. What mortgage lender are you using? That seems high I think. I'm refinancing with Better.com and have had a good experience thus far. Try getting a quote on Better.com or Aimloan.com. You should be able to g...
by clammyhands
Fri Feb 07, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5088

Re: Refinance Mortgage?

So what would you folks do in my situation? Early 30s, refinancing a 530k house (with 350k left on mortgage). $1825.63 per month P&I. I'm inclined to go for the option with the lowest monthly payments, although we can afford larger payments than we have now. My rationalization is I would pay off th...
by clammyhands
Fri Feb 07, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5088

Re: Refinance Mortgage?

So what would you folks do in my situation? Early 30s, refinancing a 530k house (with 350k left on mortgage). $1825.63 per month P&I. I'm inclined to go for the option with the lowest monthly payments, although we can afford larger payments than we have now. My rationalization is I would pay off the...
by clammyhands
Fri Feb 07, 2020 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 35
Views: 3189

Re: Is it always smart to buy points (mortgage)?

That's why I think it's beneficial to roll the points into the mortgage. You can still invest the cash into the market and hopefully yield a better return (> 3.125% in my case).
by clammyhands
Thu Feb 06, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 35
Views: 3189

Re: Is it always smart to buy points (mortgage)?

We just refinanced from a 30 year fixed at 4.375% to a 3.125% 30 year fixed. To us it made sense to buy down the rate with points. We don't foresee moving any time soon (starting a family in a nearly brand new house). While no one can be sure, I also don't foresee rates getting much lower than this....
by clammyhands
Wed Nov 13, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 12794

Re: Are complicated credit card cash back strategies worth it?

I keep a note on my phone that I update quarterly with the best cards to use in different scenarios. I'm never carrying more than 3 or 4 cards. Although I have like 30 cards or something, very few manage to best the cash back cards below. I typically try to avoid complicated cards that have annual f...
by clammyhands
Sat Nov 09, 2019 12:53 pm
Forum: Personal Investments
Topic: Is this a reasonable allocation for early 30s
Replies: 9
Views: 1125

Re: Is this a reasonable allocation for early 30s

So they have a Total International Stock index fund, but no Total Stock Market Index funds (US VTSAX) that you can use instead of splitting between 500, MC, and SC? I personally would do something like VTWAX (Total World Stock Market) for the equity portion, and either Total World Bond or Total Bond...
by clammyhands
Thu Nov 07, 2019 1:35 pm
Forum: Personal Investments
Topic: Anyone ever appeal their Wells Fargo Advisors termination fee?
Replies: 10
Views: 1285

Re: Anyone ever appeal their Wells Fargo Advisors termination fee?

Maybe this is too much work, but if you move to Fidelity they will reimburse your transfer fees. I just moved from WF to Fidelity. And if you're still sold on moving to Vanguard, you can do that for free from Fidelity.
by clammyhands
Thu Nov 07, 2019 9:23 am
Forum: Personal Investments
Topic: Small Family Business and 401k
Replies: 4
Views: 204

Re: Small Family Business and 401k

1. Employer retirement plans are the way they are, because that is how Congress writes the laws. They are a mismash evolution without any grand malevolent intent. Sometimes life just isn't fair. 2. You can have low cost or simple to administer, but not both. If you go with a low cost TPA 401k plan,...
by clammyhands
Thu Nov 07, 2019 9:18 am
Forum: Personal Investments
Topic: Small Family Business and 401k
Replies: 4
Views: 204

Re: Small Family Business and 401k

As to question 1, the only answer is because that’s the way it was written. Regardless of why and how congress ended up with the law, accept it as a given for what you need to do now. It has been many years since we set up a simple ira at schwab. We went that way for low cost, simple admin, and com...
by clammyhands
Thu Nov 07, 2019 8:10 am
Forum: Personal Investments
Topic: Small Family Business and 401k
Replies: 4
Views: 204

Small Family Business and 401k

Hello all, I'm currently an employee at my family's small business (<12 employees). We don't currently offer any kind of retirement plans such as a 401k. 1) My first question is more general and perhaps more related to why things are the way they are. It seems like 401k accounts are sort of unfair t...
by clammyhands
Sat Nov 02, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13800

Re: Apple Pay. Does anyone use it?

Since I get 4.5% cash back with a real credit card using Apple Pay I try to use it all the time. I laugh when I see people all excited about getting 2% with Apple credit card. Do tell more. 4.5%? https://www.usbank.com/credit-cards/altitude-reserve-visa-infinite-credit-card.html You have to be a pr...
by clammyhands
Sat Nov 02, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13800

Re: Apple Pay. Does anyone use it?

Since I get 4.5% cash back with a real credit card using Apple Pay I try to use it all the time. I laugh when I see people all excited about getting 2% with Apple credit card. Do tell more. 4.5%? https://www.usbank.com/credit-cards/altitude-reserve-visa-infinite-credit-card.html You have to be a pr...
by clammyhands
Sat Nov 02, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13800

Re: Apple Pay. Does anyone use it?

I'd love to use it, however there's really no benefit to using Apply Pay for me. As long as there are still a significant number of places that don't accept it, I'll be carrying around credit cards. I hold my credit cards in a case attached to my phone, so it's not much less convenient to pay with a...
by clammyhands
Thu Oct 31, 2019 5:54 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 113
Views: 8305

Re: Worried I am getting addicted to individual stocks.

I'm not sure what to say other than that I'd advise you not to. My evolution went like this: 1) Read a ton of books on investing, including books by Bogle 2) Become a Boglehead and commit to index investing 3) Disregard what I learned from steps 1 and 2 and chase out-performance by investing in indi...
by clammyhands
Thu Oct 31, 2019 11:31 am
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 24740

Re: Holding bonds vs 100% equities

Isn't withdrawing from your retirement portfolio at regular intervals sort of like DCA in reverse? If you're 100% stocks, won't you be sometimes selling low and other times selling high? Is the fear that the stock market massively declines in value just before retirement for period as long as retire...
by clammyhands
Sat Oct 26, 2019 1:35 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3547

Re: Best Single Entity for Investments + Cash + Banking

I recently consolidated all my investment accounts with Fidelity once I moved my HSA there. It has been great so far. I still have a checking account for my cash/emergency fund that gets 3% interest which doesn't have an alternative that I can find.
by clammyhands
Wed Oct 23, 2019 8:44 am
Forum: Personal Investments
Topic: How do you get over an investing mistake?
Replies: 42
Views: 2290

Re: How do you get over an investing mistake?

Don't sweat it. Be grateful you didn't lose money. I read all about becoming a Boglehead back in 2012 and still proceeded to trade in individual stocks not long after that. I ended up losing quite a bit of money when a couple of the stocks totally tanked and didn't recover. I use that mistake and th...
by clammyhands
Tue Oct 22, 2019 2:39 pm
Forum: Personal Investments
Topic: Fidelity HSA questions
Replies: 39
Views: 4526

Re: Fidelity HSA questions

Fidelity also reimbursed a transfer fee for me, but I was also one of the first folks to transfer in. I opened my account the day after their announcement. If you read through the initial Fidelity HSA thread, they seemed to have a policy change after a few weeks and stopped reimbursing transfer fee...
by clammyhands
Mon Oct 21, 2019 6:10 pm
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2593

Re: Large Position in Fidelity Blue Chip (FBGRX)

Luckily, the fund has had really good gains since then. However, I'm rather worried this luck will run out due to the lack of diversity and high expense ratio moving forward. I'd rather her sell the fund and move the proceeds into a low-cost index fund, but only if it makes sense from a tax perspec...
by clammyhands
Mon Oct 21, 2019 6:02 pm
Forum: Personal Investments
Topic: Fidelity HSA questions
Replies: 39
Views: 4526

Re: Fidelity HSA questions

I switched over from HSA Bank to Fidelity a few weeks ago. I was being charged $5.50 per month by HSA bank, and it was starting to get annoying. When I opened the account with HSA Bank over 5 years ago, they seemed to be the lowest cost. I was thrilled to find that Fidelity was offering them. With H...
by clammyhands
Mon Oct 21, 2019 6:36 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2593

Re: Large Position in Fidelity Blue Chip (FBGRX)

There is some great advice here. Thank you all!
by clammyhands
Mon Oct 21, 2019 6:29 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2593

Re: Large Position in Fidelity Blue Chip (FBGRX)

Luckily, the fund has had really good gains since then. However, I'm rather worried this luck will run out due to the lack of diversity and high expense ratio moving forward. I'd rather her sell the fund and move the proceeds into a low-cost index fund, but only if it makes sense from a tax perspec...
by clammyhands
Sat Oct 19, 2019 11:24 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2593

Re: Large Position in Fidelity Blue Chip (FBGRX)

Fantastic timing! 2002 was pretty near the bottom of the penultimate bear market (so far). Depending on expense ratio I would plan to sell it over say 4 tax years (including this one). Yes you would pay tax but you might in that time hit a bear market and pay less tax. If ER is low enough I might t...
by clammyhands
Sat Oct 19, 2019 9:49 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2593

Large Position in Fidelity Blue Chip (FBGRX)

Hello Bogleheads, I'm a long-time lurker on these forums and appreciate the great advice provided by the community all these years. I have a question which has been bothering me for some time. My wife has a relatively large position in the Fidelity Blue Chip Growth fund (FBGRX) in a taxable account....