Search found 70 matches

by Ryzen
Wed Oct 21, 2020 1:26 pm
Forum: Personal Investments
Topic: When Your 7 Year Old Confirms The Bubble
Replies: 11
Views: 1594

Re: When Your 7 Year Old Confirms The Bubble

Innovation rolls on and the game has changed. Robinhood itself is not indicative of a bubble, it's just indicative of a company emerging in the internet age with a disruptive product. Access to the stock market is now easier and cheaper than ever, so of course people are participating more frequentl...
by Ryzen
Wed Oct 21, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor and after tax contributions in 401K
Replies: 3
Views: 252

Re: Safe Harbor and after tax contributions in 401K

Safe-harbor plans that allow after-tax contributions must do the top-heavy testing that a typical safe-harbor plan is exempt from. So this could incur additional compliance costs to you, and the end result may be that the contributions are disallowed anyways. Please seek advice from your TPA as they...
by Ryzen
Wed Oct 21, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 309
Views: 20216

Re: Hedging the 2020 Election

I personally think that accumulators are too afraid of volatility. Volatility can bring some good opportunity to get a value on some good equities at an artificially depressed price. That philosophy is basically how Warren Buffet got as wealthy as he did - buy good companies for cheap. This does no...
by Ryzen
Wed Oct 21, 2020 11:51 am
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 309
Views: 20216

Re: Hedging the 2020 Election

I personally think that accumulators are too afraid of volatility. Volatility can bring some good opportunity to get a value on some good equities at an artificially depressed price. That philosophy is basically how Warren Buffet got as wealthy as he did - buy good companies for cheap. This does not...
by Ryzen
Wed Oct 21, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Why does it take so long for a check to clear.
Replies: 24
Views: 1717

Re: Why does it take so long for a check to clear.

"Clearing" is a big mystery. I wish I knew more about it. At one point I was told that there is really no such thing as knowing positively that a specific check "has cleared." The identity of the check only becomes visible if it bounces. That is, the bank only knows when a check fails to clear. And...
by Ryzen
Wed Oct 21, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Why does it take so long for a check to clear.
Replies: 24
Views: 1717

Re: Why does it take so long for a check to clear.

Interesting tidbit about Regulation CC - it is now being updated for inflation which is rare for these types of regulations. So the $5,000 limit is now $5,525 and the $200 limit is now $225. Funny you mention local checks as your definition might differ from the Feds. All checks in the US are local ...
by Ryzen
Wed Oct 21, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Why does it take so long for a check to clear.
Replies: 24
Views: 1717

Re: Why does it take so long for a check to clear.

Regulation CC, read up: https://www.federalreserve.gov/Pubs/regcc/regcc.htm

This is a large deposit and the financial institution can delay for a reasonable period of time as outlined in their policy (which they seemed to have notified you of when you deposited the check).
by Ryzen
Tue Oct 20, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4897
Views: 936838

Re: What's Your Credit Card Rewards Strategy?

I have generally been in the “I report whatever income appears on my tax return” because that is clearly defendable with a piece of paper if Chase or Amex want to do a financial review. It also has been “enough” for my needs. I guess I could have used my AGI from my tax return. Although my pension ...
by Ryzen
Thu Oct 15, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 98
Views: 8925

Re: What are the financial risks of not owning a house?

The problem with this forum is we try to turn almost everything into a financial decision. This is a lifestyle and personal preference decision. Personally, I like having my own space and if I happen to get any financial gain from owning a house, that's just a bonus. They way I look at it is everybo...
by Ryzen
Fri Oct 09, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 4882

Re: Monthly Budget Comparisons

Monthly Spending looks to be about $9,100 Groceries/Household supplies 1050.00 Phone - Cell (Both) 185.00 Other / Cosmetics 95.00 Dining out 1000.00 New Clothes 125.00 These monthly expenses seem high to me. Some of them have pretty obvious reduction solutions. Also, $175 on gas and $589 on a lease...
by Ryzen
Mon Oct 05, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Which commuting route is, financially speaking, better?
Replies: 23
Views: 1955

Re: Which commuting route is, financially speaking, better?

If you have a hybrid you get better fuel economy in stop-and-go traffic than highway. Don't let cost drive this decision, we are talking splitting hairs to the most extreme degree.
by Ryzen
Wed Sep 16, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: Stock that can act like bonds
Replies: 33
Views: 2558

Re: Stock that can act like bonds

[snip] what do you think now of the bond like quality of AT&T stock? Not sure if the chart includes the dividends T has spit out quarterly for eternity, which is really what I was alluding to. Either way, as I mentioned I don't think it is a good comparison to a bond at all, because as I mentioned ...
by Ryzen
Wed Sep 16, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Stock that can act like bonds
Replies: 33
Views: 2558

Re: Stock that can act like bonds

T Just note their financial house is on fire as they are facing a huge write-down from the DirecTV disaster and humongous debt load of recent acquisitions, and they are playing catch-up on their wireline assets since they didn't invest sufficiently to keep up with the CableCos when it comes to inter...
by Ryzen
Wed Sep 16, 2020 12:45 pm
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1784

Re: Why are Call Options a bad idea?

Why does the “edge go to the house” in this case? Naively I’d think that “efficiency of the market” and “Nobody knows nothing” would dictate that the average market price would compensate you for the risk and “long odds of hitting the lottery.” the price is not efficient relative to risk. the varia...
by Ryzen
Tue Sep 15, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1784

Re: Why are Call Options a bad idea?

I agree that LEAPs could have a place in portfolios, but most people hearing about options from their buddies, their buddies aren't talking about LEAPs.
by Ryzen
Tue Sep 15, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1784

Re: Why are Call Options a bad idea?

You may not believe this, but people do not buy call options with the idea that they are going to lose money on that. Yes, I know that you are not buying call options, but are selling them. You just need to know that people are not buying the call options that you are selling because they expect to...
by Ryzen
Tue Sep 15, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Why are Call Options a bad idea?
Replies: 21
Views: 1784

Re: Why are Call Options a bad idea?

You have to be correct in the direction, strike, and timing. If any of those move against you, the value could go to $0 in a hurry. Owning shares, a 10% drop means you have 10% less. Owning call options, a 10% drop will most likely mean you are left with nothing. Edit: you also have to be correct vo...
by Ryzen
Tue Sep 15, 2020 9:20 am
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6507

Re: Best way to build an emergency fund?

Most of the rest of us managed to pay back our student loans. :mrgreen: Plus, I made sure my children graduated from college and graduate school debt free. All on a household income less than yours. :beer What degree or degrees did you get to amass a whopping $350K student loan? Please tell me it w...
by Ryzen
Thu Sep 10, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Tamalak wrote: Thu Sep 10, 2020 11:46 am Is it me or do premarket traders tend to be crybabies? I see much more often premarket - and actual market + than the other way around. A notable example is the last US presidential election.. premarket 5% down, actual market 5% up.
Liquidity. Pre-market has little.
by Ryzen
Thu Sep 10, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

propertyrefi576 wrote: Thu Sep 10, 2020 12:16 am which lenders look at transunion only ?
None that can sell to fannie or freddie (so basically everyone). Last I knew, it is a requirement for loan files to use the middle score of all 3 for fannie or freddie to buy the loan.
by Ryzen
Wed Sep 09, 2020 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is an owners equtiy draw taxable only above basis?
Replies: 4
Views: 308

Re: Is an owners equtiy draw taxable only above basis?

For an S Corp, you can withdraw up to your AAA balance tax-free. Look at Schedule M-2 on your 1120S for the Accumulated Adjustments Account.
by Ryzen
Tue Sep 08, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I withhold 0$ on 2020 W4?
Replies: 10
Views: 979

Re: Can I withhold 0$ on 2020 W4?

I would recommend using the withholding estimator calculator on the IRS site. It should be able to give guidance on what to do.
by Ryzen
Tue Sep 08, 2020 6:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Those that hold the index don't really have a reason to panic. Tech had been outperforming the broad indexes as a whole, now it seems like tech is going down quicker than the index as a whole. It's easy to have FOMO about tech in the good times, but holding the market (which is weighted towards tech...
by Ryzen
Fri Sep 04, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

RE: The unemployment rate, I'm having a hard time reconciling what the Labor Department released yesterday (https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201671.pdf) of 29 million people receiving unemployment benefits, with the advertised unemployment rate of 8.4%. 29 million ...
by Ryzen
Fri Sep 04, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

I went all in on Hedgefundie’s strategy but with TQQQ - last week! Well, was partially in before that. I’m down about 20% so far across all accounts. Figures. Nothing to do now but ride it out. Would you buy TQQQ right now? If not, don't fall for the sunk cost fallacy and sell it. Leveraged ETF's a...
by Ryzen
Thu Sep 03, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Another close to a million people out of work, I have compassion for everyone who is hurting while others gloat. And yes, I am staying the course and have been enjoying market advances lately. How is that compassion expressed beyond a post on an investing forum? None of your business, just giving a...
by Ryzen
Thu Sep 03, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Another close to a million people out of work, I have compassion for everyone who is hurting while others gloat. And yes, I am staying the course and have been enjoying market advances lately. How is that compassion expressed beyond a post on an investing forum? None of your business, just giving a...
by Ryzen
Thu Sep 03, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20319
Views: 2778131

Re: U.S. stocks in free fall

Another close to a million people out of work, I have compassion for everyone who is hurting while others gloat.

And yes, I am staying the course and have been enjoying market advances lately.
by Ryzen
Tue Sep 01, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: Easy money baby!
Replies: 59
Views: 6968

Re: Easy money baby!

My friends tell me about their stock trades. Then I ask how many shares? They are always less than 10 shares, so it's all for fun and talk. This is an interesting point I haven't considered before. Robinhood and all the other brokers going to no commission trades have opened up trading to the masse...
by Ryzen
Tue Sep 01, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14460

Re: Investors Were Warned.

I am staying the course.

With a small- and mid- value tilt :mrgreen: :sharebeer
by Ryzen
Tue Sep 01, 2020 9:07 am
Forum: Investing - Theory, News & General
Topic: 401k vesting? How does this work?
Replies: 7
Views: 576

Re: 401k vesting? How does this work?

The dollars that the company keeps can be used two ways that I know of- the company can withdraw them or they can keep them in the plan to use for future matches or to cover plan expenses. Either way, the company is saving money. Some companies allow you to recapture that match if you become re-emp...
by Ryzen
Fri Aug 28, 2020 2:48 pm
Forum: Personal Consumer Issues
Topic: charging an EV
Replies: 250
Views: 15344

Re: charging an EV

The great thing about my Tesla is that I don't have to "wait" while the oil gets changed, or any other maintenance is done. I don't have to wait at a gas station for my car to refuel when I'm at home. The few cases where I'm on a road trip and have to supercharge I usually need to stop to use the r...
by Ryzen
Fri Aug 28, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why is Apple doing a stock split?
Replies: 35
Views: 3172

Re: Why is Apple doing a stock split?

why references to the DJIA as a way to measure the stock market are like a modern scientist publishing a paper with the calculations in inches/pounds/gallons/degrees Fahrenheit... Way worse than that. Non-metric units at least are a defined quantity, the Dow is literally a made up number that const...
by Ryzen
Fri Aug 28, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: Why is Apple doing a stock split?
Replies: 35
Views: 3172

Re: Why is Apple doing a stock split?

Given that mathematically there is no difference between before split and after split and given that fractional share purchases is common place.... why do they do this? To get robinhood users to think apple stonks are cheap. To allow international customers who can't buy fractional shares to buy a ...
by Ryzen
Fri Aug 28, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Why is Apple doing a stock split?
Replies: 35
Views: 3172

Re: Why is Apple doing a stock split?

I don't think you understand stock splits. The market cap will not change, therefore this is nothing to be undone. The purpose of buybacks is not to decrease the number of shares outstanding.
by Ryzen
Fri Aug 28, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: charging an EV
Replies: 250
Views: 15344

Re: charging an EV

We have a Toyota PHEV we purchased 3 years ago. We often just keep 1/4 to 1/2 a tank of gas, because we find that we don't actually use the gas engine that often at all. We've gone as much as 6 months on a 1/4 tank of gas and have realized that having the 500 miles of range capability is extremely ...
by Ryzen
Thu Aug 27, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Where are you finding refinance rate of <2.5%?
Replies: 26
Views: 4623

Re: Where are you finding refinance rate of <2.5%?

Easy, take out a $500k loan at 50% LTV. With a $190k loan you won't get the best rates.
by Ryzen
Sat Aug 22, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: Cord cutting 2020 - Youtube TV
Replies: 28
Views: 2750

Re: Cord cutting 2020 - Youtube TV

As expensive as YouTube tv is I would check in your new area if the cable companies are running any new customer specials, especially with internet bundled. These can be really cheap and if you keep calling they often will keep giving you good deals. If they don't and YouTube tv or another service ...
by Ryzen
Sat Aug 22, 2020 9:14 am
Forum: Personal Consumer Issues
Topic: Cord cutting 2020 - Youtube TV
Replies: 28
Views: 2750

Re: Cord cutting 2020 - Youtube TV

It works good, picture quality is decent (slightly below DirectTV but well above Uverse), apps are easy to use and available on all the platforms we use (PS4, iOS, Android, Roku), and everything works seamlessly between devices. I would never go back to the cable company and I will definitely never,...
by Ryzen
Thu Aug 20, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Percent of Net Worth in Home too Much?
Replies: 27
Views: 2327

Re: Percent of Net Worth in Home too Much?

Our net worth is just about to cross into positive territory not counting home equity, yet we own a small, affordable home. We like owning our own place and our mortgage payment is much lower than rent would be, especially since we were able to take advantage of the current refinance boom. It's a pl...
by Ryzen
Thu Aug 20, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

Question about the new Fannie Mae .5% fee. For clarification, I have not locked in a rate yet. My lender is stating that if I lock-in a rate with him BEFORE September 1st, I can avoid this .5% fee even though my loan would close AFTER September 1st. This is not how I understood how the fee works an...
by Ryzen
Wed Aug 19, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

Just a follow-up update on my previous posts... So it looks like it won't be possible to get a no-cost at 2.5%+ anymore. Even at 3.0%, there are no lender credits from the initial offers . At this time, I have initial estimates I got from each lender's websites by plugging in initial information (m...
by Ryzen
Tue Aug 18, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Huge escalations in cost of homeowners insurance
Replies: 57
Views: 5853

Re: Huge escalations in cost of homeowners insurance

I appreciate the responses. I'm still trying to get my head around Chubb increasing my dwelling value by a compounded rate of 4.5% in the 12 years since they sent someone out to look and estimate rebuild costs. I assume that the DV is a key component of calculating premium costs...could the cost to...
by Ryzen
Tue Aug 18, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Huge escalations in cost of homeowners insurance
Replies: 57
Views: 5853

Re: Huge escalations in cost of homeowners insurance

There was a recent thread (within the last week) about replacement costs on insurance. Long story short, shop your insurance around but don't try to fight the insurance's replacement cost. Think about if your house, as well as your entire street or neighborhood, needed to be rebuilt at the same time...
by Ryzen
Tue Aug 18, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

I talked to both WM and LF yesterday. Both of them stated that the 0.5 fee is already added in the closing fees. I asked them to clarify what that exactly means. WM said that even if I locked last month. They’re 45 days out from closing. They have been calling 100s of applications that’s in process...
by Ryzen
Tue Aug 18, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

I talked to both WM and LF yesterday. Both of them stated that the 0.5 fee is already added in the closing fees. I asked them to clarify what that exactly means. WM said that even if I locked last month. They’re 45 days out from closing. They have been calling 100s of applications that’s in process...
by Ryzen
Mon Aug 17, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: The Applicable Federal Rate (AFR)for August 2020 is...
Replies: 2
Views: 180

Re: The Applicable Federal Rate (AFR)for August 2020 is...

It's annual. In March the AFR was 1.5%.

The formula to set this is codified in the US Code and is based on the rate the government borrows at (treasury yields).
by Ryzen
Mon Aug 17, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7528
Views: 516373

Re: Refinance Mega Thread

To clarify for everyone: You will not see a .5% fee itemized anywhere on your loan documents. The Loan Level Pricing Adjustments (LLPA) are all on the back-end and affect the price the GSE's pay lenders when they buy loans. The fee will be rolled into either the interest rate or lender credits you a...
by Ryzen
Mon Aug 17, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Refinance General Question on what to do
Replies: 9
Views: 673

Re: Refinance General Question on what to do

Write the check right now. No reason to keep going back and forth about it and definitely no reason to pay a single cent of closing costs if you (1) want to pay this off and (2) have the means to pay it off without stretching yourself too thin. Write the check and rebuild your liquidity over the nex...