Search found 539 matches

by manatee2005
Sat Mar 28, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 72
Views: 3762

Re: MBA Worth It?

The knowledge you get from an MBA is nice. But the only good reason to go to a top 10 full-time MBA program is for a career switch to one of the several fields that you have virtually no chance of getting into otherwise if you didn't start at it right after college: management consulting, investmen...
by manatee2005
Sat Mar 28, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 72
Views: 3762

Re: MBA Worth It?

My spouse just got into five different MBA programs and we are currently weighing whether she should attend. Three schools offered $35k in scholarships a year while two didn’t offer anything. In this current environment, what do y’all think about getting an MBA? Spouse wants to change industries. D...
by manatee2005
Sat Mar 28, 2020 1:21 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 275
Views: 14096

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

We all learn through experience. Living through 2008/9 I've made some mistakes too but nothing major. Those lessons have also made me understand that I can't possibly time the market, and I've been calm throughout this current crises because I had lived through that. This will make you stronger in ...
by manatee2005
Fri Mar 27, 2020 3:14 am
Forum: Investing - Theory, News & General
Topic: There Is No Gold
Replies: 133
Views: 8862

Re: There Is No Gold

Silver is about to sky-rocket and I'm going all in on it. Not only is it another precious metal that, along with gold and cigarettes, will serve as a post-apocalyptic currency, it also has these amazing anti-microbial properties i"m always hearing about. Given the cause of the current crisis I thin...
by manatee2005
Fri Mar 27, 2020 3:12 am
Forum: Investing - Theory, News & General
Topic: There Is No Gold
Replies: 133
Views: 8862

Re: There Is No Gold

Someone explain the gold hoarding to me. From what I understand, if the world has come to the point where gold is being used as THE currency, someone bigger and badder is just going to come along and kill you and take it. I do not own any gold but in prior posts people have posted about; 1) Relativ...
by manatee2005
Thu Mar 26, 2020 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Worth It?
Replies: 72
Views: 3762

Re: MBA Worth It?

My spouse just got into five different MBA programs and we are currently weighing whether she should attend. Three schools offered $35k in scholarships a year while two didn’t offer anything. In this current environment, what do y’all think about getting an MBA? Spouse wants to change industries. D...
by manatee2005
Thu Mar 26, 2020 10:28 pm
Forum: Personal Investments
Topic: Will I ever have more than I put in?
Replies: 37
Views: 7534

Re: Re:

I've always been conservative (40% stock/60% cash equivalent) for my age (28 ), but am moving all future investments to 100% cash. One of the Boglehead principles is to take sensible risk to achieve financial goals. Well, I've done some thinking, and with ~$340k in current savings (thank you, real ...
by manatee2005
Thu Mar 26, 2020 4:07 pm
Forum: Personal Investments
Topic: I moved to cash on March 13th and I’m regretting my decision now
Replies: 77
Views: 9091

Re: I moved to cash on March 13th and I’m regretting my decision now

I’m age 59 and have been retired for 10 years. I moved $350,000 out of Wellington and $400,000 out of Life Strategy Moderate into Vanguard MM. I had plenty of cash to weather the storm and realize now I made a mistake locking in about $220,000 in losses although my overall ROR was about 7.5% over t...
by manatee2005
Thu Mar 26, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: Parents with kids in Spring sports that are on hiatus/cancelled
Replies: 8
Views: 776

Re: Parents with kids in Spring sports that are on hiatus/cancelled

surfstar wrote:
Thu Mar 26, 2020 4:02 pm
rkhusky wrote:
Thu Mar 26, 2020 3:04 pm
Why is the coaching staff on visas?
b/c coaches with accents and hailing from Futbol countries have much more gravitas!

OP - maybe this will allow the coaches to file for unemployment?
That’s now how work visas work. They have to go back to their home country.
by manatee2005
Thu Mar 26, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 719
Views: 67722

Re: Refinance Mega Thread

booboo1234 wrote:
Wed Mar 25, 2020 9:02 am
manatee2005 wrote:
Tue Mar 24, 2020 8:27 pm
Loan funded with lenderfi today.
question... when did you get your rate lock disclosure. trying to figure out when i will be closing
I applied and signed on March 2.
by manatee2005
Thu Mar 26, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 4472
Views: 397528

Re: U.S. stocks continue to soar!

These past few days have really demonstrated that nobody knows nothing. 5% increase on the same day the worst jobs report of all time comes out. Did anyone see that coming? Is this a dead cat bounce or have we hit the bottom? I'm glad I don't have to try to predict it. Buy-and-hold makes life simpl...
by manatee2005
Thu Mar 26, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 4472
Views: 397528

Re: U.S. stocks continue to soar!

lostdog wrote:
Thu Mar 26, 2020 12:48 pm
Market timing is hard. No one know nothin.
No one knows nothing but at the same time the market knows everything and it’s all priced in.
by manatee2005
Wed Mar 25, 2020 5:43 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 13661

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

How old are you and what’s your current AA? Very important to know. Young, no issues with short-term liquidity, 100% equities, mostly very broad index funds. Ok, as someone who’s gone through 2001 and 2008 recessions and made mistakes, I can tell you that the best thing to do is to do nothing. But ...
by manatee2005
Wed Mar 25, 2020 5:41 am
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 335
Views: 28384

Re: It's Not Different This Time

This time it actually is different. We KNOW we'll get through this (as a society). There is an end in site. What is that end? In six months, either the vast majority of the population will be infected, go through the illness, and be either immune on the other side or dead. Or (the other option) is ...
by manatee2005
Wed Mar 25, 2020 5:36 am
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 335
Views: 28384

Re: It's Not Different This Time

rasta wrote:
Sun Mar 22, 2020 4:21 pm
Crushtheturtle wrote:
Sun Mar 22, 2020 4:05 pm

Long term, stocks go up.
there will be individual stocks which will go up, but for broad markets, could be a long, long time, i.e. japan.
We’re not japan
by manatee2005
Wed Mar 25, 2020 5:25 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 13661

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

You’re about a month too late to go on the sidelines.
by manatee2005
Wed Mar 25, 2020 5:15 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 13661

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

And what if the market recovers in those 9 months and you missed out on +35%? I'm trying to imagine a 35% recovery when the economy is undergoing a major reorganization, consumer spending is affected by best-case 10% unemployment, further temporary lockdowns are necessary. Even if you hand people c...
by manatee2005
Wed Mar 25, 2020 5:12 am
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14015

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

I hope this doesn't come across as insensitive to people who are impacted more than I am, maybe those who just retired, etc. I do very much feel for them and wish the best for those in other scenarios. However... all of my investing life and life at Bogleheads, everyone tells you to mentally prepar...
by manatee2005
Wed Mar 25, 2020 4:59 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 13661

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

Do it and let us know how much money you lost by being on sidelines for 9 months :-) To quantify: loss of dividend income (except, well, nobody's gonna pay dividends), plus 9 months of destruction of the value of the cash pile by inflation. So I'm more or less locking in a 2% loss for 9 months. Rig...
by manatee2005
Wed Mar 25, 2020 4:28 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 2968

Re: How are you supporting your community?

Ping Pong wrote:
Sun Mar 22, 2020 7:44 am
nps wrote:
Sun Mar 22, 2020 7:24 am
For those who posted that they stockpiled N95 masks, are any of you considering donating them to local hospitals?
For all the stockpiling people have done, I haven’t seen anyone actually wear a mask in public.
It’s not apocalypse time, yet
by manatee2005
Wed Mar 25, 2020 4:26 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 323
Views: 18496

Re: What are you listening to now

Corona party
by manatee2005
Wed Mar 25, 2020 4:25 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 212
Views: 14312

Re: Are you still going to the grocery store or using a delivery service? Which?

totallynotsure wrote:
Wed Mar 25, 2020 4:00 am
Are you still going to the grocery store or using a delivery service? Which?
Instacart
by manatee2005
Wed Mar 25, 2020 4:23 am
Forum: Personal Investments
Topic: Why not stand on the sidelines for a little while?
Replies: 302
Views: 13661

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

Do it and let us know how much money you lost by being on sidelines for 9 months :-)
by manatee2005
Wed Mar 25, 2020 4:11 am
Forum: Investing - Theory, News & General
Topic: Market Timing Covid-19 (A Cautionary Tale)
Replies: 22
Views: 2076

Re: Market Timing Covid-19 (A Cautionary Tale)

I’ve got a relative who months ago predicted the Coronavirus would destroy the world economy and place much of the world under lockdown. EVERYTHING he said turned out to happen. I thought he was absolutely nuts in January to say international travel would come to an end as we know it and Americans ...
by manatee2005
Wed Mar 25, 2020 4:10 am
Forum: Investing - Theory, News & General
Topic: Market Timing Covid-19 (A Cautionary Tale)
Replies: 22
Views: 2076

Re: Market Timing Covid-19 (A Cautionary Tale)

Staying the course is easily said but very difficult to do! Human (animal)nature is programmed for constant change from our ancestral genes Those who stood still got eaten! Investing is counterintuitive I too sat out 2001 and 2008 and will do the same for this one-seems to work xxd091 Investing is ...
by manatee2005
Wed Mar 25, 2020 4:09 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 224
Views: 24767

Re: My LenderFi refinance is going well

booboo1234 wrote:
Sun Mar 22, 2020 7:59 pm
locked a 15 year with lenderfi a couple of weeks ago. if i wanted to change the term to a 20 or 30 year, would they give me the rates at the time of my lock? or the current rates ?
At the time of lock. Other people have asked to change and they got a polite no.
by manatee2005
Tue Mar 24, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 719
Views: 67722

Re: Refinance Mega Thread

Loan funded with lenderfi today.
by manatee2005
Tue Mar 24, 2020 4:21 pm
Forum: Personal Investments
Topic: Has anyone hit pause on their 401k or monthly IRA contributions?
Replies: 32
Views: 1619

Re: Has anyone hit pause on their 401k or monthly IRA contributions?

This is the best time to be buying shares in 401k.
I stopped contributing to 401k in 2008 for a while and have kicked myself for it.
Now make sure you have an emergency fund, but I’d rather cut other things than 401k contribution.
by manatee2005
Mon Mar 23, 2020 4:23 am
Forum: Investing - Theory, News & General
Topic: S&P500 and Dow Futures Hit Limit Down After Reaching 5% Down Limit for Monday Open
Replies: 155
Views: 12654

Re: S&P500 and Dow Futures Hit Limit Down After Reaching 5% Down Limit for Monday Open

We need to look for fundamental solutions. Not cheap fixes that will make us feel good for a day, drive the market 5% higher, but then, once reality sets in, the market falls even further. I really hope our lawmakers are up to the challenge, but I sadly fear they are not. We are looking at 30% unem...
by manatee2005
Mon Mar 23, 2020 4:16 am
Forum: Investing - Theory, News & General
Topic: S&P500 and Dow Futures Hit Limit Down After Reaching 5% Down Limit for Monday Open
Replies: 155
Views: 12654

Re: S&P500 and Dow Futures Halted After Reaching 5% Down Limit for Monday Open

If America gets back to work the bleeding in the market might stop but if the shutdown is extended another 15 days the bleeding continues. There's no way the shutdown will end in two weeks. Yeah I think the market has already priced in well more than that. Nobody knows what the market has priced in.
by manatee2005
Wed Mar 18, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 719
Views: 67722

Re: Refinance Mega Thread

I seem to have timed this well (dumb luck). I locked in 2.375%, true no-cost refi, with LenderFi, 15 years fixed. I haven’t closed yet but things are progressing. It doesn’t sound like people are getting rates lower than this despite the recent Fed action. Given the uncertainty in the economy I wis...
by manatee2005
Tue Mar 17, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a great time to get divorced?
Replies: 11
Views: 1370

Is this a great time to get divorced?

I was heavily into stocks so I saw my net worth explode on the way up and implode in last 3 weeks. I didn’t want to give my wife half of 1.5 mil (she never had a job) but I’m ok with giving her half of 700k that’s left now. Might be even lower in the next few weeks. My question for those who went th...
by manatee2005
Sun Mar 15, 2020 10:31 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14015

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

caffeperfavore wrote:
Sun Mar 15, 2020 8:43 pm
This ain’t over, kid.
Are you doing anything about it?
by manatee2005
Sun Mar 15, 2020 10:29 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14015

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

Just imagine, for example, that after this is over, people develop an aversion to auto loans / leases? It didn’t stick after 2008. Well, I didn't say it was likely.... But when I think back to my Depression-era grandparents, they had a massive aversion to debt their whole lives due to hardship they...
by manatee2005
Sun Mar 15, 2020 5:55 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19609

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

nedsaid wrote:
Sun Mar 15, 2020 5:53 pm
Judging from the market futures, the Fed announcement went over like a lead balloon.
You don’t know how much worse it would have been without the announcement.

Keep in mind that this weekend had a ton of bad news and more shutdowns (Apple shutting down stores for example)
by manatee2005
Sun Mar 15, 2020 5:53 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14015

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

Just imagine, for example, that after this is over, people develop an aversion to auto loans / leases? It didn’t stick after 2008. Well, I didn't say it was likely.... But when I think back to my Depression-era grandparents, they had a massive aversion to debt their whole lives due to hardship they...
by manatee2005
Sun Mar 15, 2020 4:42 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19609

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

PeterSteele wrote:
Sun Mar 15, 2020 4:41 pm
Any idea what this will do to existing bond holdings? I am 100% VAIPX as of two months ago and I've nearly lost 6% over the past week. I don't want to sell at a loss but I've never seen such steep drop in a bond fund. Thanks
Don’t worry.
by manatee2005
Sun Mar 15, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20
Replies: 396
Views: 19609

Re: Fed Slashes Rates to Fight Coronavirus Slowdown WSJ 3/15/20

The problem the globe is grappling with is not a financial one. Finances are the tail. The dog is all of the people being infected, unable to go to work for weeks, and all of the people dying. The Federal Reserve cannot solve this problem. Yeah, we need people to solve this problem. Social distanci...
by manatee2005
Sun Mar 15, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12101

Re: Are you still going to the gym ...

No way am I going to the gym. I’m doing 1 hour brisk walks in the evening.
by manatee2005
Sun Mar 15, 2020 3:27 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 74
Views: 5121

Re: Coronavirus Flight Cancel Thread

moorso wrote:
Sat Mar 14, 2020 10:04 am
JetBlue......full refund of my points back into my account for a round trip to Florida in early April. Easey peasey except for the one hour hold on the phone
Why didn’t you want to go to Florida?
by manatee2005
Sun Mar 15, 2020 3:21 am
Forum: Investing - Theory, News & General
Topic: <deleted>
Replies: 85
Views: 7734

Re: Its going to get really bad, so I am Hedging - reducing stock exposure

the cruise ship industry is now a thing of the past I was with you on everything else. The image damage to the whole cruise ship industry seems pretty severe. Plus they were already being targeted for ecological concerns around polluting oceans. Maybe river cruises will be okay. I remember after 9/...
by manatee2005
Sun Mar 15, 2020 1:54 am
Forum: Investing - Theory, News & General
Topic: <deleted>
Replies: 85
Views: 7734

Re: Its going to get really bad, so I am Hedging - reducing stock exposure

the cruise ship industry is now a thing of the past I was with you on everything else. The image damage to the whole cruise ship industry seems pretty severe. Plus they were already being targeted for ecological concerns around polluting oceans. Maybe river cruises will be okay. I remember after 9/...
by manatee2005
Sun Mar 15, 2020 1:47 am
Forum: Personal Consumer Issues
Topic: Mystery deposit from NYS in checking account
Replies: 8
Views: 1305

Re: Mystery deposit from NYS in checking account

DD just received a smallish ACH deposit in her checking account, not an even dollar amount. It says ACH New York State DIR DEP. This is not a tax refund. That is accounted for and was labelled ACH New York State TXRFD (or something similar.) Googling suggests the mystery deposit could be unemployme...
by manatee2005
Sat Mar 14, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14015

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

I hope this doesn't come across as insensitive to people who are impacted more than I am, maybe those who just retired, etc. I do very much feel for them and wish the best for those in other scenarios. However... all of my investing life and life at Bogleheads, everyone tells you to mentally prepar...
by manatee2005
Sat Mar 14, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 272
Views: 37127

Re: 30 year mortgage under 3%

Lenderfi is alive. Got an email today that I got conditional approval by the underwriter. When did you apply? Was it after they closed the doors to new applications? I applied about 4 days before they closed the doors. Just got an email today also about an additional (hopefully last) document I hav...
by manatee2005
Thu Mar 12, 2020 12:21 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 272
Views: 37127

Re: 30 year mortgage under 3%

Lenderfi is alive. Got an email today that I got conditional approval by the underwriter.
by manatee2005
Wed Mar 11, 2020 3:23 am
Forum: Personal Investments
Topic: For those that buy single stocks, what to watch?
Replies: 36
Views: 2763

Re: For those that buy single stocks, what to watch?

Always passive wrote:
Wed Mar 11, 2020 2:16 am
I have a small allocation to cash that I use for opportunities. I am watching BRK-B. What are you?
$SPCE
by manatee2005
Tue Mar 10, 2020 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 719
Views: 67722

Re: Refinance Mega Thread

I'm keeping an eye on BofA quoted rates. Not the most competitive lender, I know, but a data point nonetheless. Plugging in my numbers, I've seen 15 year fixed quotes rising from 3% to 3.25% in the past few days, and further to 3.625% today! :shock: I work for BoA mortgage department and the reason...
by manatee2005
Tue Mar 10, 2020 4:38 am
Forum: Personal Finance (Not Investing)
Topic: If you were thinking about getting a divorce
Replies: 4
Views: 1485

If you were thinking about getting a divorce

This is the time to do it. You have to give your ex 20% less than you would have just 2 weeks ago.