Search found 1283 matches

by ray.james
Fri May 22, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1625

Re: Refinance break even

Are you against Arm's? Provident credit union rates are ~3%. Some one posted <3% from first republic. Hedgefundie posted 2.x rates for 5/1 arm from BOFA. All of these are in Bay area. There are better deals out there. Even if you dislike ARM, 10/1 with 0.5% savings is a sweet spot. I just refinance...
by ray.james
Thu May 21, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance break even
Replies: 30
Views: 1625

Re: Refinance break even

Are you against Arm's?

Provident credit union rates are ~3%. Some one posted <3% from first republic. Hedgefundie posted 2.x rates for 5/1 arm from BOFA. All of these are in Bay area. There are better deals out there. Even if you dislike ARM, 10/1 with 0.5% savings is a sweet spot.
by ray.james
Wed May 20, 2020 6:09 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 463
Views: 15851

Re: Bird watchers – what birds are you seeing?

JAZZISCOOL wrote:
Mon May 11, 2020 8:39 am
I just saw a beautiful male Western Tanager (bright yellow, black and red).

https://www.allaboutbirds.org/guide/Western_Tanager
A few days ago I saw this(North CA) and thought it was some type of bunting. This was it! thanks for sharing.
by ray.james
Wed May 20, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Covid impact: CA license renewal and REAL ID
Replies: 13
Views: 1003

Re: Covid impact: CA license renewal and REAL ID

Same as above, I thought it did not make sense from safety stand point, even if DMV re-opens. Standing in line for 2 hours in the same closed environment? No thanks. I went ahead and renewed my regular one. If I travel by air in late 2021, I will just take my passport. Renew it in person when it bec...
by ray.james
Fri May 15, 2020 12:53 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 503
Views: 50418

Re: How Is Your Job Being Impacted By The Current Crisis?

WFH with kids is definitely tough. My wife work goes to full swing suddenly, so I only have few minutes while coding to switch over to kid duties. However we found balance and overall working fine. Our tech org seems to be doing ~ok~ so far. I expect our variable pay/bonuses to drop. At this point, ...
by ray.james
Tue May 12, 2020 12:45 pm
Forum: Personal Investments
Topic: DH Laid Off - can we retire early?
Replies: 40
Views: 4913

Re: DH Laid Off - can we retire early?

Does the 60k budget include mortgage payment? That would change the math depending on payment amount.
by ray.james
Tue May 05, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway is hammered
Replies: 60
Views: 11828

Re: Berkshire Hathaway is hammered

Great post Garland! Buffet has been complaining about valuation for a long time now.

I thought Mr.Buffet would/might make a bid for Boeing during the past year, but I guess the valuation is too high/ Boeing not desperate due to loans from government.
by ray.james
Tue May 05, 2020 11:47 am
Forum: Personal Consumer Issues
Topic: Is there anything more environmentally friendly than Drano for unclogging a drain?
Replies: 80
Views: 4785

Re: Is there anything more environmentally friendly than Drano for unclogging a drain?

I haven't used Draino or similar in years and use a zip plastic drain tool. Cheap and easy. https://www.menards.com/main/plumbing/drain-cleaning-tools/plumbing-snakes-augers/cobra-reg-zip-it-drain-tool-2-pack/00440bl-00140bl/p-1444426687256-c-8514.htm +1. This is what we use. Drano has its place bu...
by ray.james
Mon May 04, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Corona impact on Real Estate as a viable asset class
Replies: 16
Views: 1550

Re: Corona impact on Real Estate as a viable asset class

I believe there will be long term effects but it is hard to know the answer yet. HCOL cities like Silicon valley, Seattle, Denver, Austin have seen steady rise due to tech jobs. If there is one thing covid has proved, its WFH model can work for some industries quite well. I think more techies, accou...
by ray.james
Mon May 04, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: The Fed buying Corporate Bond ETFs
Replies: 90
Views: 5268

Re: The Fed buying Corporate Bond ETFs

I can understand fed action during liquidity risk but this is surprising. And the fact no one can comprehend the consequences. It truly distorts the market for no national gain. I guess an investor can assume liquidity risk is alleviated by the fed while investors still bear the bankruptcy/losses. W...
by ray.james
Sun May 03, 2020 4:28 pm
Forum: Personal Consumer Issues
Topic: Does Hyundai Elantra Defect Cause Real Danger?
Replies: 11
Views: 830

Re: Does Hyundai Elantra Defect Cause Real Danger?

We love our 2009 elantra as well. We have received this notice and plan to service it next time when we are nearby or have an errand/mall visit in that direction. The way I understood it, the car can catch fire. I plan to schedule an appointment ahead to make sure parts are available.
by ray.james
Fri May 01, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 138
Views: 21559

Re: I Bonds are a screaming buy - Tipswatch

Thank you Cruncher!

Just back in early 2019(last year), there was discussion on bogleheads to wait and see if those 1% rates are coming back(fixed rate at 0.5%). How much things change in few months. Now no one is expecting back above zero for some time!
by ray.james
Fri May 01, 2020 12:20 pm
Forum: Personal Consumer Issues
Topic: [recommend a basic] refrigerator
Replies: 22
Views: 1715

Re: [recommend a basic] refrigerator

I never thought buying refrigerator was so hard until I did recently. The old size/slots do not match width/height of new ones. I found sticking to bottom down/top freezer simple models is easiest way to meet the space and size requirements.
by ray.james
Wed Apr 29, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much home interest can I deduct off a 1 million dollar home mortgage.
Replies: 1
Views: 404

Re: How much home interest can I deduct off a 1 million dollar home mortgage.

No. These is a worksheet that takes care of the math. It will divide the average balance by 750K and uses that ratio for calculation of deductible mortgage.

If you are in California, state taxes will allow you to deduct up to 1 million(+100K equity loan)
by ray.james
Tue Apr 28, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 92
Views: 6027

Re: Carrying a big long mortgage

On my close to 8/9 years on bogleheads, this thread pops up every few months.

If these is one thing I learnt new in all those from conventional wisdom, choosing a sinking fund or complete payoff over a mortgage pay down.
by ray.james
Mon Apr 27, 2020 1:16 pm
Forum: Investing - Theory, News & General
Topic: What's Behind the Long-term Decline in Interest Rates?
Replies: 41
Views: 2862

Re: What's Behind the Long-term Decline in Interest Rates?

A personal investor takeaway should be to pay off the mortgage before entering retirement/owning bonds. Bonds provide no real return <anymore>. There was a post in the past by simplegift showing correlation between demographics and equity returns is very weak. So one cannot chose an asset class like...
by ray.james
Mon Apr 27, 2020 11:59 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19825

Re: Why am I even saving for retirement?

If I may, it seems like some people are confused about what OP is suggesting. It's not "Social Security will cover my reasonable expenses in retirement, so I should start spending down my savings" but instead "Social Security will cover my reasonable expenses in retirement, and my current assets wi...
by ray.james
Mon Apr 27, 2020 1:09 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19825

Re: Why am I even saving for retirement?

To get three items - at least initially. 1) Choice - To quit earlier if you want. Do something else which will let you make much less money. 2) Insurance - Our life is fragile. Disability and misfortune can befall suddenly. 3) Future generation success - Best gift they have is your retirement being ...
by ray.james
Sun Apr 26, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Where to buy a home in the Bay Area
Replies: 69
Views: 7749

Re: Where to buy a home in the Bay Area

Budget is 1M (min) - 1.4 (max), but also depends on other factors such as HOA fees, any other taxes besides property tax, etc. HOA fees are interesting because some are true value additions and some are not. - Some HOA cover all insurance - Internal + external. That is ~100 bucks in true value. - S...
by ray.james
Sun Apr 26, 2020 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy a home in the Bay Area
Replies: 69
Views: 7749

Re: Where to buy a home in the Bay Area

There are old town home developments with plenty of land and greenbelts(60s to 80s). They do not pack up like legos unlike new developments. These are the best bet in what I have found on the peninsula/expensive central locations. The new ones are more expensive but no ventilation, less parking and ...
by ray.james
Fri Apr 24, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payment Question
Replies: 6
Views: 491

Re: Mortgage Payment Question

Mortgage payments are post period. The payment on 1st is for the interest and principal of last month. The bank will also collect interest for the additional days upto the selling date.
by ray.james
Fri Apr 24, 2020 12:47 am
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

The deflation argument seems largely specious to me with regard to consumer spending. I have bought LED TVs, laptops, iPhones, clothing, books, and myriad other consumer/personal item etc etc in full awareness that they will probably be cheaper at some point in the future, as have most of you. The ...
by ray.james
Wed Apr 22, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

housing has not fallen, that is a joke... I live in LA, housing here has skyrocketed, even higher than the 2007 peak.. and both home prices and rents are still rising despite millions unemployed right now.. not sure why. People aren't selling so inventory is still low. It's interesting that there a...
by ray.james
Tue Apr 21, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1463
Views: 135195

Re: Refinance Mega Thread

Would everyone mind stating with the interest rate, LTV, etc. whether their loan is jumbo? I'm not finding rates anywhere close to 3% or under for variable jumbo loans so I suspect most of these great refinancing offers are for conforming loans? Talk to BoA I did today just preliminary quoted . Ref...
by ray.james
Tue Apr 21, 2020 2:22 pm
Forum: Personal Consumer Issues
Topic: Anybody here pay less than $40 a month for home internet and with what company?
Replies: 62
Views: 4236

Re: Anybody here pay less than $40 a month for home internet and with what company?

Nate79 wrote:
Mon Apr 20, 2020 9:57 pm
Comcast 100mbps 39.99/month. Reuped the promotion after 1 year to keep the same price for another 2 years.
+1 for us. Same everything.
by ray.james
Tue Apr 21, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

Housing data does not seem to be right for most metropolitan areas. Is this chart tracking CPI-U data? Yes, the chart is based on CPI-U data for selected items from the Bureau of Labor Statistics. It has this technical note: Data is collected from retail stores and adjusted by specialists to reflec...
by ray.james
Tue Apr 21, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Deflation is everywhere. Get used to it.
Replies: 151
Views: 14876

Re: Deflation is everywhere. Get used to it.

What may not be immediately obvious is that almost everything that can be produced in a low-cost country (China, Vietnam, Mexico, etc.) over the last decade has been declining in price, often dramatically — while those goods and (mostly) services that cannot have been increasing in price. You may h...
by ray.james
Mon Apr 20, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 6819

Re: $1M home purchase - can we afford it?

You can easily afford it. Because future kids are in picture think I would postpone or think through these aspects carefully. Run through different aspects of kids before you do so. Which parent lives close? Where are possible daycare/preschools. Is the commute reasonable with young kids. Rethink of...
by ray.james
Mon Apr 20, 2020 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

This was very difficult for me but I managed undergrad, MBA, CPA degrees in 10 years, all part time while working. But 50 years ago this was much easier (and cheaper) than today. I really could have used some help and now firmly believe the value of adversity is way overrated. Great choice of words...
by ray.james
Mon Apr 20, 2020 12:59 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1588
Views: 128578

Re: Coronavirus (Consumer Issues) How you are preparing?

In our area the most impacted aisles are 1) Frozen foods - ready made burritos/pizzas/ potato products. 2) Ready made after milk dairy products/cold beverages - juices, cream, different sweetened drinks in that aisles. 2) Baking section 3) toilet paper, wipes, sanitizers etc., The surprise to me is ...
by ray.james
Thu Apr 16, 2020 7:38 pm
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7262

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

I learned that stock market makes money in 2008. FAS, FAZ and USO are some of those trades. Good lessons for life! :D
by ray.james
Wed Apr 15, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

Yes, I paid for both my kids' college. Unfortunately, I had the cash available from life insurance proceeds due to the death of my spouse/their father. When he passed DS was a senior in high school, DD in her third year of college. Insurance was used to payoff student loans taken out for the first ...
by ray.james
Tue Apr 14, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

My plan is to provide an instate flagship equivalent tuition to our kids. we will save in a 529 to cover that. (My parents paid for undergrad tuition. I put myself through grad school.) If one of them chooses a long path via PhD/medicine/law we will cover what we can of tuition up to certain extent(...
by ray.james
Tue Apr 14, 2020 7:34 pm
Forum: Personal Consumer Issues
Topic: Learning 2 foreign languages simultaneously: bad idea for 5 year old?
Replies: 28
Views: 1408

Re: Learning 2 foreign languages simultaneously: bad idea for 5 year old?

They will get a little mixed up but that is not an issue at all. It actually boosts their communication skills and phonetics. One observation, kids seem to understand multiple languages but the level at which they choose to talk back depends on how much they want to interact, how many native speaker...
by ray.james
Mon Apr 13, 2020 1:27 pm
Forum: Investing - Theory, News & General
Topic: What's the Bond Market's Expectation for Future Inflation?
Replies: 54
Views: 2973

Re: What's the Bond Market's Expectation for Future Inflation?

Another great thread, simplegift. This has been on my mind. I used to be surprised with low inflation expectations for USA which unlike Europe/Japan is not hounded by demographics and age distribution issues. However after seeing fed action last few days, I think folks are right to bank on fed to do...
by ray.james
Fri Apr 10, 2020 10:20 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

https://www.bogleheads.org/forum/viewtopic.php?t=77682 This is how I felt. In the beginning the accounts are dispersed- few k's in 401k, few k's savings, few k's roth, some debt paydown, spouse accounts etc.. Until an account reaches a mass value of 150-250K it is hard to notice gains. But by then t...
by ray.james
Thu Apr 09, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1463
Views: 135195

Re: Refinance Mega Thread

Anyone has good deals deals on 7/1 or 10/1 arm with Jumbo mortgages?
by ray.james
Wed Apr 08, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296686

Re: Coronavirus and the market

A few of my friends have received 15-20% salary cuts. A lot of folks are saving as much money as they can. I think the biggest issue will be restarting the demand and consumer confidence we had before. With out it the EPS will be very slow to come back to 2019/2020 predicted in January glory numbers...
by ray.james
Mon Apr 06, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home mortgage deferral with Wells Fargo
Replies: 35
Views: 3621

Re: Home mortgage deferral with Wells Fargo

To be frank, even the banks do not know how this works. I applaud fed and treasury getting ahead with this relief to people in need but they are yet to explain other parts. How does MBS bond holders get paid? As far as I understand, treasury will create a program and pay though it with MBS bought vi...
by ray.james
Wed Apr 01, 2020 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: $100,000 IRA withdrawal without penalty
Replies: 15
Views: 1619

Re: $100,000 IRA withdrawal without penalty

I also think some 401k's allow 100K loans during disaster. This is a better option. Just adding here if someone is impacted now and considering it. Might as well borrow your bond portion to keep the business afloat.
by ray.james
Wed Apr 01, 2020 5:25 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11480

Re: Mortgage - Keep balance as High as Possible

Interest only I am less dogmatic about. It would depend on how much the house represents as a % of my net worth. Hedgefundie, you are always coming up with interesting out of box ideas. I am curious how these factors change your decision regarding mortgage/payoff. 1) You are not aware how long you ...
by ray.james
Wed Apr 01, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Stimulus Check for 24-year old student
Replies: 5
Views: 535

Re: CARES Act Stimulus Check for 24-year old student

From what I understand, if he filed his own return he will be. If he was your dependent, then the stimulus check is tied to your returns. Do you qualify under 2018 income? edit: He can file for 2019 but may be in time for check/gets it in few months - by showing online his eligibility. The 2020 taxe...
by ray.james
Mon Mar 30, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11480

Re: Mortgage - Keep balance as High as Possible

You should ask people that paid off their house how great that is. I am 96 and have most of my money tied-up in my condominium's equity. I am currently applying for a mortgage so that I can increase my heirs inheritance before I die. A paid off house may sound great but many homeowners would prefer...
by ray.james
Mon Mar 30, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: Help me understand this market--or How can S&P be 2600 today?
Replies: 109
Views: 9391

Re: Help me understand this market--or How can S&P be 2600 today?

The toughest thing for this round of recession is recreating the demand. I think we will not see the equivalent/similar demand for a while. Post recovery most people will not visit restaurants as frequently until a winter passes. Airlines and cruises are looking at multi-year losses. The 2 trillion ...
by ray.james
Sun Mar 29, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11480

Re: Mortgage - Keep balance as High as Possible

The same thought did cross my mind. So I wrote down what is the optimal and sub-optimal situation I want to be in. 1) Plenty of liquidity and paid off mortgage. Mortgage to net worth is under 30%- Best 2) Plenty of liquidity and paid off mortgage. Mortgage to net worth is under 50% - Better 3) Plen...
by ray.james
Sun Mar 29, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11480

Re: Mortgage - Keep balance as High as Possible

The same thought did cross my mind. Remember Ideally you do not want mortgage and plenty of investments. The thought to keep mortgage as is until it becomes a smaller part of your wealth is fine in my view. I personally wrote down what is the optimal and sub-optimal situation I want to be in. 1) Ple...
by ray.james
Fri Mar 27, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 12673

Re: How are you going to use your stimulus money?

We will be paying our home daycare lady. Its a small home daycare and she has young kids. Before this, we planned for 50%.
by ray.james
Wed Mar 25, 2020 5:17 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63034

Re: So bottom is probably behind us....right?

Nope, just my view. I also thinks the markets will go through waves. Economy reopens in 6-8 weeks and market recovers much ahead(in 2-3 weeks). But virus can come back/small business do not recover causing a second dip by year end. The Great Depression gave us social security. May be this will give ...
by ray.james
Tue Mar 24, 2020 10:54 am
Forum: Personal Investments
Topic: Thread: It’s your First recession (or not) and you’re staying the course
Replies: 65
Views: 3662

Re: Thread: It’s your First recession (or not) and you’re staying the course

I graduated in May 08’ started working in insurance at a firm near Wallstreet. Worked from May throughout the summer and into the fall. Then the crash hit. Basically lost my job, etc... The whole experienced sucked, but I had no bills and was still living home at the time. Fast forward to this poin...
by ray.james
Mon Mar 23, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Change in Federal Tax Due Date
Replies: 3
Views: 358

Re: Change in Federal Tax Due Date

Someone in same boat was able to call the IRS and they asked to call back in a week and they will change the pull date. They are still updating their systems.

Be warned: A very long hold time!