Search found 57 matches

by newguy123
Thu Nov 12, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

And what has changed? Are you trying to time the market? Truthfully, yes I am still trying to time it, but with more of a bogglehead approach with broad market etfs instead of individual stocks to buy and hold. Just looking for an opportunity to buy instead of buying at all time highs That's what I...
by newguy123
Thu Nov 12, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

Why did you pay off the mortgage in the first place? Personally, I am close enough to financial independence that I do not need to borrow money to increase returns. I am willing to take the risk to invest in stocks, but not with a 2%+ drag on returns. Was young , self employed. Also I gained ~70% g...
by newguy123
Thu Nov 12, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

Why did you pay off the mortgage in the first place? Personally, I am close enough to financial independence that I do not need to borrow money to increase returns. I am willing to take the risk to invest in stocks, but not with a 2%+ drag on returns. Was young , self employed. Also I gained ~70% g...
by newguy123
Thu Nov 12, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

Welcome to Bogleheads! Congrats on having a mortgage-free house and no other debt. You are already well ahead of many others! Thought it over long and hard before returning here, and I decided to not refi the house and just hold it without a mortgage for as long as I need it (probably forever). Was...
by newguy123
Thu Nov 12, 2020 10:31 am
Forum: Personal Consumer Issues
Topic: Looking for a knife set
Replies: 99
Views: 6688

Re: Looking for a knife set

I like good quality knives for cheap, I personally use Ikea's 365 series (https://www.ikea.com/us/en/p/ikea-365-3-piece-knife-set-90341170/?gclid=EAIaIQobChMIxoCspqn97AIVPu7jBx2T4QnTEAQYASABEgIXs_D_BwE) Also I am a huge fan of the Kiwi knives from Thailand (almost all local Asian grocery market shou...
by newguy123
Tue Nov 10, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

I see more and more posts like this. It is 2008 all over again..... What happened in 2008 ? What? You know what happened in 2008, you said so yourself in your first post on Bogleheads: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=327661&p=5545270#p5545270 Sarcasm haha, not sure if ...
by newguy123
Tue Nov 10, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

sd323232 wrote: Tue Nov 10, 2020 2:11 pm I see more and more posts like this. It is 2008 all over again.....
What happened in 2008 ?
by newguy123
Tue Nov 10, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

Thought it over long and hard before returning here, and I decided to not refi the house and just hold it without a mortgage for as long as I need it (probably forever). Was looking at other threads and people were saying owning a house without a mortgage is much like holding bonds as the house appr...
by newguy123
Tue Nov 03, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

This strategy is adding a lot of risk. Having a large required payment in your budget with your house as collateral could backfire in all sorts of ways. You’re going to pay more interest than equivalent risk bonds are paying right now, so you either need to invest in stocks or other risky assets to...
by newguy123
Tue Nov 03, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

wander wrote: Tue Nov 03, 2020 5:56 pm Why didn't you applied for 30-year mortgage so you don't have to think about it now?
I was self employed back then fresh out of college, hard to get a good mortgage back then versus now
by newguy123
Tue Nov 03, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

I was thinking interest rates were going to go up after the presidential election etc , my thoughts on this is that the rates are historically low, good time to borrow cheap and invest for a quick return. Be careful with this logic. Rates were “historically low” and “headed nowhere but up” 20 years...
by newguy123
Tue Nov 03, 2020 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

I would not do it. Instead of investing the equity from your house, how about investing the payments you would be making to pay a mortgage? This is good advice, thanks ! I didn’t think of it this way You can get leverage for cheaper than 3%. For example by using margin at some brokerages. Or with o...
by newguy123
Tue Nov 03, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Re: Would you invest equity from a house ?

We'd need a little more background on your situation to give any specific advice. How much of your NW does the home equity represent? About ~40% of my net worth. Ultimately leverage is leverage to me. I think you are asking the right quesions and it definitely has risks and I think the longer your ...
by newguy123
Tue Nov 03, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest equity from a house ?
Replies: 86
Views: 5108

Would you invest equity from a house ?

My house is paid off and I am a step away from doing a cash out refinance and then investing the amount from the refinance. The rate I have to beat is 2.99 (apy) which seems pretty easy to beat but at the same time I hear the greats such as Warren Buffet always say “don’t risk what you have for what...
by newguy123
Tue Nov 03, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8004
Views: 558182

Re: Refinance Mega Thread

Almost locked into 2.75 at 19 dollar ,but waited a few days and got a better deal , 300k cash out - 2.875 with 3300 lender credit (cost more in long term than the 2.75, but I am not keeping the loan for longer than 5-6 years)
by newguy123
Fri Oct 30, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8004
Views: 558182

Re: Refinance Mega Thread

Farmers Bank & Trust of Kansas showing 2.375% with $0 closing via Zillow today.l Have a current application with them at 2.5%; trying to get them to honor the new rate. I got in close to that here in NC just before you posted that. Locked $680k value, $495k remaining, 2.375% on 30yr with $676 f...
by newguy123
Fri Oct 30, 2020 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8004
Views: 558182

Re: Refinance Mega Thread

Farmers Bank & Trust of Kansas showing 2.375% with $0 closing via Zillow today.l Have a current application with them at 2.5%; trying to get them to honor the new rate. I got in close to that here in NC just before you posted that. Locked $680k value, $495k remaining, 2.375% on 30yr with $676 f...
by newguy123
Fri Oct 30, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: 2FA while overseas (Google Voice doesn't support short-SMS codes?)
Replies: 16
Views: 950

Re: 2FA while overseas (Google Voice doesn't support short-SMS codes?)

The 2FA through text are kind of outdated now, most use the authenticator apps like google auth. The problem with the SMS codes is the whole phone port out scams that happened. Try to see if whatever app/site you are using supports the auth type through the authenticator app
by newguy123
Fri Oct 30, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Computer Science Degree or Self Learn?
Replies: 72
Views: 4494

Re: Computer Science Degree or Self Learn?

I have both formal training and have been self taught. I am one of the most technical people in my non-technical team. I have work with both types. I have worked with many brilliant self taught people who were great hackers. I almost always prefer the code of the second raters who have formal train...
by newguy123
Thu Oct 29, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How to compare mortgage lenders? Rate lock?
Replies: 29
Views: 1431

Re: How to compare mortgage lenders? Rate lock?

I just did a refi and the mortgage brokers all tried to pressure me into rate lock. I didn't rate lock with anyone then kept emailing each one can they beat the lowest offer (get a copy of a lowest quote from each broker), at some point they will beat each other's offers. I got it down to 2.75% 30 y...
by newguy123
Thu Oct 29, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8004
Views: 558182

Re: Refinance Mega Thread

Thanks to everyone on this thread, I negotiated down to 2.75% 19 dollar loan fee (for some reason they won't goto 0 but at this point I am not passing it up over the cost of a pizza) - 30 year fixed , 250k cash out - 420k is appraised value of house - had 100% equity before but cashing out to find i...
by newguy123
Thu Oct 29, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: SIPC insurance and splitting money across brokers?
Replies: 16
Views: 788

Re: SIPC insurance and splitting money across brokers?

Thanks for the response, I am not going to lose any sleep over this, I know the chance of it happening is rare and historically it doesn't happen often. I don't have enough over the SIPC insurance for me to worry about now so I probably won't need to do this unless something drastic happens to my po...
by newguy123
Wed Oct 28, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: SIPC insurance and splitting money across brokers?
Replies: 16
Views: 788

Re: SIPC insurance and splitting money across brokers?

Did not watch the full 20 minute video - what point where they trying to make. So I am going to say 2 contradictory things. I would require my brokerage to be SPIC insured. I don't think the coverage means that much. The real value of SPIC insurance is that they come in and audit operation. Client ...
by newguy123
Wed Oct 28, 2020 3:07 pm
Forum: Investing - Theory, News & General
Topic: SIPC insurance and splitting money across brokers?
Replies: 16
Views: 788

Re: FDIC insurance and splitting money across brokers?

Meant SIPC sorry, got it confused with FDIC
by newguy123
Wed Oct 28, 2020 2:49 pm
Forum: Investing - Theory, News & General
Topic: SIPC insurance and splitting money across brokers?
Replies: 16
Views: 788

SIPC insurance and splitting money across brokers?

Just watched this video https://www.youtube.com/watch?v=XZComkkxeEI And it made me wonder, is it wise to split up money once it reaches the SIPClimit? This guy doesn't say how he lost all his money, but it seems like a bank failure in 2007-2008 of some type wiped out all his money (in his other vide...
by newguy123
Wed Oct 28, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8004
Views: 558182

Re: Refinance Mega Thread

Just got this
home value 420,000
own 100%
Cash out refinance
better.com
2.625%/2.856%
30 year fixed 803 monthly - $4920 points

Is this a good value? I don't like the points but that 2.625 seems very competitive
by newguy123
Mon Oct 26, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: refinance question re: $16,000 closing costs
Replies: 24
Views: 1991

Re: refinance question re: $16,000 closing costs

We are refinancing our home (our primary residence) to a 29 year loan with Rocket. Our interest rate will decrease from 4.63% to 2.75%. Our goal is to lower our monthly as we plan to move and rent out our house in the next couple of years. We are happy with the new monthly payment, and new interest...
by newguy123
Mon Oct 26, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good cash out refinance (better.com) rate/offer ? (fixed 30 year)
Replies: 3
Views: 376

Re: Is this a good cash out refinance (better.com) rate/offer ? (fixed 30 year)

Better.com typically does not have very good initial offers. You will save a lot of money if you get an offer from a more competitive lender and ask them to beat it. LenderFi is a good example. In your specific case, the $4k in points is pretty undesirable. Check out the thread called "refinan...
by newguy123
Mon Oct 26, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good cash out refinance (better.com) rate/offer ? (fixed 30 year)
Replies: 3
Views: 376

Is this a good cash out refinance (better.com) rate/offer ? (fixed 30 year)

I am looking to buy a investment property and have a house paid off that I am going to do a cash out refinance on to buy the investment property. Below is what better.com gave me, is this a decent deal for a cash out refi ? 200K - 2.75% rate / 2.96 APR Fixed - 30 year , +$4348 points - $816 a month ...
by newguy123
Thu Oct 22, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: "Bubble level" tool
Replies: 44
Views: 2370

Re: "Bubble level" tool

LOL I thought you were talking about a tool that detects stock bubbles ... :sharebeer
by newguy123
Wed Oct 21, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: REITS after 2020
Replies: 15
Views: 2009

Re: REITS after 2020

Commercial reits I think may have issues, residential reits, I think will be ok, displaced people evicted will still need somewhere to go (as seen from the 2008 crash ,look at rent demand shortly after the 2008-2009 housing crisis) , the demand is still there etc. Businesses from commercial reits on...
by newguy123
Fri Oct 16, 2020 8:57 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 480
Views: 37997

Items that are worth the money for the quality

I personally don’t mind paying more for things if the quality is good and lasts a lifetime or has a lifetime guarantee. An example of this is north face jackets or sweaters or backpacks. I have had 2 north face back packs fail on me and both were taken by the north face store and a new backpack sent...
by newguy123
Fri Oct 16, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in real estate - what is your opinion?
Replies: 53
Views: 4624

Re: Investing in real estate - what is your opinion?

I am thinking about buying a cheap house nearby to rent out as well as my first rental to get my toes wet. My suggestion is if you do ; then go something small at first in a decent neighborhood that way if it doesn’t work out then it’d be easy to pull out as a 5-10% loss after selling cost on a smal...
by newguy123
Fri Oct 16, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2006
Views: 487618

Re: Share your net worth progression

Loooong-time lurker, first-time poster! Don't ask me why today is finally the day. Background: Two professional incomes/3 kids; includes home equity 2006: -37,000 (partner 1 graduates professional school) 2007: -20,000 (partner 2 graduates professional school) 2008: +70,000 2009: +215,000 2010: +33...
by newguy123
Fri Oct 16, 2020 10:03 am
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 44
Views: 2971

Re: Mutual Bank Conversion IPO

Eastern Bank in Massachusetts, where I have my checking account, the nations largest mutual bank, is converting to a public company. As a depositor, I've received a package for a subscription offering to get in on the IPO for $10/shr. While historically, these conversions have been great deals, I a...
by newguy123
Thu Oct 15, 2020 9:15 pm
Forum: Personal Consumer Issues
Topic: Most comfortable shoe: please recommend
Replies: 81
Views: 6572

Re: Most comfortable shoe: please recommend

If you are looking for something tough that can be worn in rain, snow , sun and last pretty much forever , check out bates tactical boots. I found most law enforcement officers wear them and they stand on duty during the craziest weather to direct traffic etc so I decided to pick up a pair 2-3 years...
by newguy123
Thu Oct 15, 2020 8:45 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6746
Views: 647066

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

I have a question about a catastrophe loss risk Which is more risky 100% in a stock like Apple or Microsoft (buy and hold for 10 years ) with no stop loss Or 100% in tqqq or upro for 10 years with a 20% stop loss ? For some reason I am thinking all in one stock is less risky and probably would have ...
by newguy123
Thu Oct 15, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6746
Views: 647066

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

been following this thread, I am wondering , is it possible for the underlying asset to go down 33% in a day ? This is what I would be afraid of, but I think it is impossible (theoretically?) from the circuit breakers etc. And theoretically if it does happen, I think money would be last of our worr...
by newguy123
Thu Oct 15, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6746
Views: 647066

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

been following this thread, I am wondering , is it possible for the underlying asset to go down 33% in a day ? This is what I would be afraid of, but I think it is impossible (theoretically?) from the circuit breakers etc. And theoretically if it does happen, I think money would be last of our worr...
by newguy123
Thu Oct 15, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6746
Views: 647066

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

been following this thread, I am wondering , is it possible for the underlying asset to go down 33% in a day ? This is what I would be afraid of, but I think it is impossible (theoretically?) from the circuit breakers etc. And theoretically if it does happen, I think money would be last of our worri...
by newguy123
Wed Oct 14, 2020 9:16 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 151
Views: 16649

Re: "The Psychology of Money" by Morgan Housel

Just started the audiobook which was a recommendation from a forum member, the part about how it is hard to keep the money and how even professionals blow their accounts opened my eyes that the passive investment way is the way to go instead of juicing the returns with leverage. I wish I learned thi...
by newguy123
Wed Oct 14, 2020 5:32 pm
Forum: Investing - Theory, News & General
Topic: Stories of speculation before investing
Replies: 16
Views: 1306

Re: Stories of speculation before investing

newguy , I just went over to the recommended thread and really liked what you wrote. There are quite a few posters (usually recent arrivals on the forum) who can’t get past the idea that capturing all that the total equity market returns, minus minimal expenses, is nothing more than “settling for b...
by newguy123
Wed Oct 14, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2006
Views: 487618

Re: Share your net worth progression

I didn't track it, but this was roughly it after college 23 graduated college (2009) - net worth 12,000 , not invested in any stocks (had a bad experience a few years before which I blew up an account with margin) - entry level programmer salary $35,000 a year with benefits - living with my parents ...
by newguy123
Wed Oct 14, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3229
Views: 556030

Re: What are you up YTD? [Year To Date]

Wow what did you speculate on? United airline puts , Carnival cruise puts, Tesla puts in March Held the Tesla puts too long ... Luckily let them go or I would of been wiped out Ah ok. Thanks for sharing. This must be just the high risk/high reward portion of your portfolio. You of course do have ot...
by newguy123
Wed Oct 14, 2020 10:36 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3229
Views: 556030

Re: What are you up YTD? [Year To Date]

Wow what did you speculate on? United airline puts , Carnival cruise puts, Tesla puts in March Held the Tesla puts too long ... Luckily let them go or I would of been wiped out Ah ok. Thanks for sharing. This must be just the high risk/high reward portion of your portfolio. You of course do have ot...
by newguy123
Wed Oct 14, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3229
Views: 556030

Re: What are you up YTD? [Year To Date]

I was up 197% YTD at one point with options/stocks. Now I am down ~30% ytd .... I lost the full 197% gain plus another 30% of the initial capital Wow what did you speculate on? United airline puts , Carnival cruise puts, Tesla puts in March Held the Tesla puts too long ... Luckily let them go or I ...
by newguy123
Wed Oct 14, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3229
Views: 556030

Re: What are you up YTD? [Year To Date]

I was up 197% YTD at one point with options/stocks. Now I am down ~30% ytd .... I lost the full 197% gain plus another 30% of the initial capital Wow what did you speculate on? United airline puts , Carnival cruise puts, Tesla puts in March Held the Tesla puts too long ... Luckily let them go or I ...
by newguy123
Wed Oct 14, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Stories of speculation before investing
Replies: 16
Views: 1306

Re: Stories of speculation before investing

This was many years ago, and we have been content with our overall investing history, having reached the point of "winning the game" as we reached retirement and RMD ages. We do follow general Boglehead tenants but with nuance based on personal circumstances and disagreement with some of ...
by newguy123
Wed Oct 14, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: Stories of speculation before investing
Replies: 16
Views: 1306

Re: Stories of speculation before investing

Yep, but I called it investing at the time. Back when AT&T spun off Lucent, I took Lucent shares. The assets appreciated approximately 8X the original amount to more than $150K. Lucent began to trend downward, but I "Knew" it would recover and stayed the course. Eventually sold for a ...
by newguy123
Wed Oct 14, 2020 8:57 am
Forum: Personal Investments
Topic: Suggestions for 100x moonshots
Replies: 87
Views: 12787

Re: Suggestions for 100x moonshots

I have not seen 100x moon shots before but have seen some 10X , The criteria I have found for 10X moon shots that sometimes happen is the following 1.When you tell anyone you are invested in XXX , most will say you are stupid 2.You would think you will lose your 100% of your money when you put into ...