Search found 364 matches

by Hyperchicken
Thu Oct 15, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about refinance offers
Replies: 7
Views: 575

Re: Confusion about refinance offers

The P&I on these 3 scenarios is $1,339.89, $1,196.15, $1,240.51 respectively. So it does go down, even with ~$10,000 of cash-out.

There must be escrow included for the numbers to add up. But then it is varying amount of escrow - $348.90, $446.12, $355.17 respectively, going by the numbers provided.
by Hyperchicken
Tue Oct 13, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Will paying off my mortgage result in a much lower return than the mortgage rate
Replies: 9
Views: 1039

Re: Will paying off my mortgage result in a much lower return than the mortgage rate

It is 2.5%. But the duration varies. 15-year mortgage is 180 bonds with duration of 1, 2, 3, ... 180 months, all yielding 2.5%. So the effective duration is a little higher than half of the mortgage term.
by Hyperchicken
Tue Oct 13, 2020 12:30 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 163
Views: 18479

Re: The Wrong Way to Think About Debt - The White Coat Investor

... And I agree VERY few people, even personal finance nerds and bloggers, plop $30,000 in the stock market from savings the same day they finance a $30,000 car purchase. ... Of course not - why would $30,000 sit in cash in the first place? It's been in the stock market all along, and no reason to ...
by Hyperchicken
Mon Oct 12, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 163
Views: 18479

Re: The Wrong Way to Think About Debt - The White Coat Investor

Seems like a bit of thesis substitution going on in this article - author begins from paying down debt vs. investing, then jumps to argument against overspending.
by Hyperchicken
Wed Oct 07, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: When a company pays a dividend, what is the literal reason for the stock price decrease?
Replies: 55
Views: 4150

Re: When a company pays a dividend, what is the literal reason for the stock price decrease?

If I hold an asset, and I know that if I hold it through tomorrow, I will receive $100, and you want to buy this asset from me today, I will want $100 extra on top of the sale price, to be compensated for $100 that I will not receive tomorrow. Likewise, if I'm buying an asset, and I know that tomorr...
by Hyperchicken
Wed Oct 07, 2020 12:26 pm
Forum: Personal Investments
Topic: VTSAX VS VFIAX in Roth
Replies: 18
Views: 1434

Re: VTSAX VS VFIAX in Roth

You can keep everything as is. It's just that if you have to sell some VTSAX in taxable, it is more tax efficient to sell lots with the highest cost basis. Then if this makes you realize losses, and you happen to buy VTSAX in Roth IRA around the same time (plus or minus 30 days), you have a wash sal...
by Hyperchicken
Wed Oct 07, 2020 12:09 pm
Forum: Personal Investments
Topic: VTSAX VS VFIAX in Roth
Replies: 18
Views: 1434

Re: VTSAX VS VFIAX in Roth

If you have taxable account, make sure you have different holdings in taxable and in Roth IRA, to avoid wash sale. E.g. VFIAX in taxable and VTSAX in Roth IRA. VFIAX is very slightly more tax efficient than VTSAX.
by Hyperchicken
Wed Oct 07, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Best Course of Action for getting out of Debt?
Replies: 57
Views: 3868

Re: Best Course of Action for getting out of Debt?

Just as a math exercise, this is $1,300 in interest monthly, and $15,500 annually. Oy.
by Hyperchicken
Tue Oct 06, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: "What IF" no Capital Gains Tax
Replies: 9
Views: 726

Re: "What IF" no Capital Gains Tax

May just as well announce no income tax at all, same thing.

And yes, this thread is going to get locked pretty soon.
by Hyperchicken
Tue Oct 06, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 54
Views: 7371

Re: Forever Stamps as an Investment?

egrets wrote: Tue Oct 06, 2020 12:39 am ... rural farmers getting chicks in the mail from hatcheries? How about people ordering things packed in dry ice? ...
Giving some ideas here. :idea:
by Hyperchicken
Tue Oct 06, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20284
Views: 2773953

Re: U.S. stocks in free fall

I know long-term all this is just noise, but it is still amazing to see just how much the valuations were higher due to stimulus expectations.

And bonds soared at the same time. Kinda fun to watch.

...And rebounding back already.
by Hyperchicken
Tue Oct 06, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20284
Views: 2773953

Re: U.S. stocks in free fall

Whoa whoa. Freefall alert! Freefall alert!
by Hyperchicken
Tue Oct 06, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

In the other news, long term treasuries are getting destroyed.

Sign of rising interest rates and positive economic outlook?
by Hyperchicken
Mon Oct 05, 2020 5:29 pm
Forum: Personal Investments
Topic: VTSAX (Total Stock Market) and Qualified Dividends
Replies: 9
Views: 1190

Re: VBTLX (Total Stock Market) and Qualified Dividends

In 2019, VBTLX had $0.30194 distributed per share, box 1a equals 0.30194, all other boxes are zero on 1099-DIV. The title is confusing and is contradictory. Assuming OP is looking at VTSAX - VTSAX had $1.4061 distributed per share, Box 1a = 1.4061 (ordinary dividends - this is inclusive of box 1b be...
by Hyperchicken
Mon Oct 05, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan for finance and refinance
Replies: 6
Views: 327

Re: 401k loan for finance and refinance

If your 401(k) has bonds in it, you could borrow against these bonds, and have higher guaranteed return than what the bonds yield.
by Hyperchicken
Mon Oct 05, 2020 11:59 am
Forum: Personal Investments
Topic: Increase 401k contribution from 15% to 25%
Replies: 20
Views: 1897

Re: Increase 401k contribution from 15% to 25%

This is really odd that you need to involve your supervisor to make the change. Your contributions should really be none of their concern.
by Hyperchicken
Mon Oct 05, 2020 12:04 am
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 54
Views: 7371

Re: Forever Stamps as an Investment?

2 year old necro-thread.

OP must be well on their way to prosperity with this plan by now.
by Hyperchicken
Sun Oct 04, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8949 for Short "C" CDs (form 1099-B not received)
Replies: 8
Views: 457

Re: IRS Form 8949 for Short "C" CDs (form 1099-B not received)

Hi Hyperchicken, I'm not sure how 1a in Schedule D is related to whether or not an 8949 is needed with "C" checked and then the net proceeds and cost basis being identical with 0 in column h. The brokerage statement states that the short "C" CDs information is not sent to the IRS. Again, the procee...
by Hyperchicken
Sun Oct 04, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 8949 for Short "C" CDs (form 1099-B not received)
Replies: 8
Views: 457

Re: IRS Form 8949 for Short "C" CDs (form 1099-B not received)

Are you required to fill out form 8949? You may not need to - see line 1a in schedule D.
1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions).
by Hyperchicken
Sat Oct 03, 2020 1:13 pm
Forum: Personal Investments
Topic: Tax question
Replies: 13
Views: 1239

Re: Tax question

Others already said that, so just to emphasize this important point which I think is the source of OP's confusion. Losses do not offset qualified dividends. If you received $12,500 qualified dividends, they will get taxed at LTCG rate, e.g. $12,500 * .15 = $1,875. Then if you have net losses, these ...
by Hyperchicken
Thu Sep 24, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

Sky is blue
And stocks are green
In the Soaring
Submarine.
by Hyperchicken
Thu Sep 24, 2020 12:15 am
Forum: Investing - Theory, News & General
Topic: A Good Technology Fund or EFT?
Replies: 64
Views: 4896

Re: A Good Technology Fund or EFT?

abuss368 wrote: Thu Sep 24, 2020 12:12 am Home Depot in a technology fund?
They sell electronics. 8-)
by Hyperchicken
Thu Sep 24, 2020 12:08 am
Forum: Investing - Theory, News & General
Topic: A Good Technology Fund or EFT?
Replies: 64
Views: 4896

Re: A Good Technology Fund or EFT?

No one mentioned MGK yet.

Month-end 10 largest holdings
(56.80% of total net assets) as of 08/31/2020

1 Apple Inc.
2 Microsoft Corp.
3 Amazon.com Inc.
4 Alphabet Inc.
5 Facebook Inc.
6 Tesla Inc.
7 Visa Inc.
8 Mastercard Inc.
9 NVIDIA Corp.
10 Home Depot Inc.
by Hyperchicken
Thu Sep 24, 2020 12:01 am
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 202
Views: 18366

Re: Long Suffering VXUS Holder No More

I've been through this, held some VTSNX (institutional version of VXUS/VTIAX) in my 401(k). I read every thread and every reason here on this forum why it is a good idea to continue holding it, still saw no reason to do so, and exchanged all of it into FXAIX (S&P 500 fund). This was on February 11th...
by Hyperchicken
Wed Sep 23, 2020 1:02 pm
Forum: Personal Investments
Topic: Thoughts on GNMA bond funds
Replies: 24
Views: 2614

Re: Thoughts on GNMA bond funds

Moneybags1 wrote: Wed Sep 23, 2020 4:38 am [...] prepayment risks looks to be over with record low mortgage rates [...]
If refinancing mega-thread is anything to go by, prepayment risk is anything but over.
by Hyperchicken
Mon Sep 21, 2020 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying BofA credit card bill online?
Replies: 35
Views: 1958

Re: Paying BofA credit card bill online?

BofA's Bill Pay feature lets you set up automatic credit card payments. Their user interface is weird, as you can do transfer or bill pay - two different ways to pay for a credit card. You can choose paying full statement balance or the amount due - set it up once, and it pays automatically every mo...
by Hyperchicken
Thu Sep 17, 2020 3:31 pm
Forum: Investing - Theory, News & General
Topic: Merrill Edge transaction fee?
Replies: 12
Views: 822

Re: Merrill Edge transaction fee?

The reason to use Merrill Edge is for the Preferred Rewards benefits. Other than that, it's an OK brokerage, but I would not call it great. If you just need a brokerage and don't care about Preferred Rewards, you may be better off using something else. If you decide to stay with ME, you pretty much ...
by Hyperchicken
Wed Sep 16, 2020 9:48 am
Forum: Personal Finance (Not Investing)
Topic: new car - 0% interest loan ?
Replies: 27
Views: 1734

Re: new car - 0% interest loan ?

AFAIK no cash rebate is offered in this case. This deal has been going on for a while - 0% for 63 months on 2020 models. You can negotiate all you want and then get 0% financing on the negotiated price, and paying cash would not get you better bottom line price. So yes, free money and no rational re...
by Hyperchicken
Sat Sep 05, 2020 11:31 pm
Forum: Personal Investments
Topic: Slowing 401k investments to time the market
Replies: 12
Views: 816

Re: Slowing 401k investments to time the market

asdfgghk wrote: Sat Sep 05, 2020 7:52 pm ... because in the winter, COVID + the Flu are gonna hit us really bad and I'd expect the market to drop again ...
If a market drop can be reliably predicted, it has already happened.
by Hyperchicken
Thu Sep 03, 2020 8:00 pm
Forum: Personal Investments
Topic: Tax cuts from bonus vs base salary
Replies: 14
Views: 1310

Re: Tax cuts from bonus vs base salary

Some people are sometimes mixing up tax withholding with the actual taxation, i.e. tax liability . As others explained, taxes are withheld at a flat 22% rate from bonus, which for many people is indeed higher than their withholding from regular paycheck. However, bonus is still taxed as ordinary inc...
by Hyperchicken
Wed Sep 02, 2020 8:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

bugleheadd wrote: Wed Sep 02, 2020 7:50 pm if TSLA gets added to SP500, will S&P climb to 7000?
S&P will get split 5-to-1, from 3800 to 760.
by Hyperchicken
Wed Sep 02, 2020 2:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

Soaring intensifies. DOW 29,000 reached. S&P 3,600 in sight.
by Hyperchicken
Mon Aug 31, 2020 12:07 pm
Forum: Personal Investments
Topic: LTCG Question
Replies: 9
Views: 418

Re: LTCG Question

May be best to manually specify tax lots to sell - both to make sure you realize long-term gains, and to minimize the gains by selling lots with higher cost basis first.

FIFO is probably a good enough approximation.
by Hyperchicken
Fri Aug 28, 2020 9:32 pm
Forum: Personal Investments
Topic: Mortgage vs. Taxable
Replies: 18
Views: 1548

Re: Mortgage vs. Taxable

How big is your emergency fund, or generally speaking any savings outside of retirement accounts?
by Hyperchicken
Thu Aug 27, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 161997

Re: Bank of America/Merrill Edge - Preferred Rewards

This happened on October 1st, 2019, if I remember correctly. Free trades for all since then. Fun fact - I opened ME account in September 2019, and even though I have Preferred Rewards status, it took few days for my free trades to activate. I bought some ETF without realizing that, and was charged $...
by Hyperchicken
Wed Aug 26, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

TaxingAccount wrote: Wed Aug 26, 2020 2:58 pm Is it too late to get in? Thank you.
Yes, it is too late now, the market is closed.

Tomorrow morning would be a good time.
by Hyperchicken
Wed Aug 26, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

Man I did not have this much itch to sell some of my holdings in MGK in March as I do now. Good times are a test in their own way.
by Hyperchicken
Mon Aug 24, 2020 11:22 am
Forum: Investing - Theory, News & General
Topic: Market will be at all time high by year-end
Replies: 155
Views: 16347

Re: Market will be at all time high by year-end

Page 1 is fun to re-read, with all its pessimism and gloom-and-doom attitude.
by Hyperchicken
Mon Aug 24, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

S&P at 3425 right off the bat. :shock: :moneybag
by Hyperchicken
Sat Aug 22, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Short-Term Bond ETF (BSV)
Replies: 8
Views: 709

Re: Vanguard Short-Term Bond ETF (BSV)

Doc wrote: Sat Aug 22, 2020 10:57 am BSV When did Vanguard start spelling it's name starting with a "B"? :shock:
As well as E, I and M.

http://investor.vanguard.com/etf/list
by Hyperchicken
Sat Aug 22, 2020 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: escrow waiver
Replies: 8
Views: 804

Re: escrow waiver

This depends on the lender. I had one mortgage with escrow with BofA - after few months, I called their customer support and asked if they can remove escrow. They checked and told me I qualify for escrow removal, and in couple weeks I got paper mail with a form to fill out and send back. After that ...
by Hyperchicken
Sat Aug 22, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: What happens with additional mortgage payment?
Replies: 6
Views: 865

Re: What happens with additional mortgage payment?

This depends on your lender. Different lenders may process extra payments differently. Some count it as principal payment, others may apply it towards future months' payments. Some allow you to specify which way you want to treat it. This should be explained in your statement; if not the lender shou...
by Hyperchicken
Fri Aug 21, 2020 12:14 am
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17229

Re: Advice to a Millennial about nest egg "Critical Mass"

This makes no sense to be honest.There is no such thing as "critical mass" in this context. The gains are proportional to the amount of savings. Nothing "explodes upwards" any more than an exponential plot explodes upwards. Well, it sort of does, but there is no special point on it after which it st...
by Hyperchicken
Thu Aug 20, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3463

Re: BoA Premium Rewards status

I see 'Enrolled Since'. I presume that's the same ? Actually the date there is around 3 months after I joined the program, but I think I got Platinum Honors at that time because of the 3 month average requirement (although I recollect I had moved 200K+ to ME, so I would have expected to reach the b...
by Hyperchicken
Thu Aug 20, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3463

Re: BoA Premium Rewards status

How do you determine the month they check eligibility? In the OP’s case, it was October but I’ve been platinum honors for 5 years or so and don’t remember which month I initially received it. That is the month when you signed up for the Preferred Rewards program. If you don't remember it - look for...
by Hyperchicken
Wed Aug 19, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

Robot Monster wrote: Wed Aug 19, 2020 1:49 pm The Fed, sitting around the conference table, feeling bored.
"Hey, guys! Just remembered we haven't tanked the market in a while!"
"Some nice gains you've got here. Would be a shame if someone... published July Fed meeting minutes."
by Hyperchicken
Wed Aug 19, 2020 12:28 pm
Forum: Personal Investments
Topic: Cash out 401K [?]
Replies: 29
Views: 1964

Re: Cash out 401K [?]

skeeter9000 wrote: Wed Aug 19, 2020 12:02 pm ... I figured I'd be ahead of the game because my investment will now be tax free and I can re-invest however I want for the next 20 years or so...
Can you not in your 401(k)?
by Hyperchicken
Tue Aug 18, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9357
Views: 745375

Re: U.S. stocks continue to soar!

Xrayman69 wrote: Tue Aug 18, 2020 3:11 pm ... Buy every Friday for taxable ...
Not a bad plan, but you must have hundreds of tax lots by now.