Search found 1474 matches

by DVMResident
Fri May 29, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Probationary period for new job
Replies: 29
Views: 2072

Re: Probationary period for new job

Fairly common, but you should have been told. It’s also a little odd your manager asked if you knew about it. Maybe the policy is not well communicated, it’s new, or the manager has his/her own version. But it doesn’t matter much. The first 90 days sets a tone-first impressions. Do a good job, learn...
by DVMResident
Wed May 27, 2020 6:34 pm
Forum: Personal Consumer Issues
Topic: Gas Boiler Install Quote [Boston-area]
Replies: 2
Views: 226

Re: Gas Boiler Install Quote [Boston-area]

I would have requested a quote on a lower-efficiency model, say 85 90%. Not much different fuel cost, cheaper and easier to repair. Thanks. I got three quotes from the same company. The quote above is the one I liked the most. Mass Save discounts sweeten the towards the higher efficiency units and ...
by DVMResident
Wed May 27, 2020 5:28 pm
Forum: Personal Consumer Issues
Topic: Gas Boiler Install Quote [Boston-area]
Replies: 2
Views: 226

Gas Boiler Install Quote [Boston-area]

Hi all, I have a cracked oil boiler I wrote about here . Thanks to everyone who responded in the previous thread. After some soul searching, I've decided on a gas conversion. It's been extremely difficult to get anyone out due to COVID (no surprise there): 3 companies with no/very slow responses and...
by DVMResident
Tue May 26, 2020 4:42 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 3932

Re: Bogleheads: What is your largest single stock holding? (if any)

Two employer stocks: former employer at ~3% of total assets and ~10% of the current employer (~1/3 of total comp is stock of various flavors).
Just waiting for those vesting dates to sell.
by DVMResident
Tue May 19, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Considerations: Marriage in your 50s/60s
Replies: 23
Views: 1841

Re: Financial Considerations: Marriage in your 50s/60s

Because you both have extensive assets, a prenup would be wise.
Congrats on the upcoming union.
by DVMResident
Tue May 19, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Central Indiana: Reasonable Cost?
Replies: 16
Views: 1211

Re: Central Indiana: Reasonable Cost?

Then we got the labor only-quote. It was $5800. At least here in Georgia I would jump at that if I could get a reliable contractor to do my bathroom for that. A big problem here is that many small contractors are flaky and unreliable so it is more important to get a good contractor than to get the ...
by DVMResident
Mon May 18, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 15 year versus 30 year if both at same interest rate
Replies: 26
Views: 3307

Re: Mortgage - 15 year versus 30 year if both at same interest rate

No brainer-30 year and it payoff in whatever timeframe you want.
Congrats, that's a crazy good rate.
by DVMResident
Mon May 18, 2020 4:38 pm
Forum: Personal Investments
Topic: Heloc to consolidate mortgages?
Replies: 5
Views: 382

Re: Heloc to consolidate mortgages?

Goal is to see if he can save some money, as atleast 1 mortgage is above 4. Rent covers the mortage payment for rental, but thats about it for now. And yes, ultimate goal is to be debt free faster. Rental: the after-tax rate should lower. The full interest should be deductible on a Schedule E. This...
by DVMResident
Fri May 15, 2020 8:28 am
Forum: Personal Investments
Topic: Cash out refi to invest 100k
Replies: 30
Views: 2202

Re: Cash out refi to invest 100k

I don't mean to hijack but what if the OP had a 20 year horizon, and could refi to a 3% rate. Would they not be better off if they invested that amount with even a moderate 6% return would still come out ahead? Thanks. The OP wants to cash-out refi from a $140K mortgage to a $240k mortgage on a $25...
by DVMResident
Wed May 13, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Will Banks Consider Discount for Mortgage Payoff?
Replies: 14
Views: 1222

Re: Will Banks Consider Discount for Mortgage Payoff?

This is the bank’s version of “call risk” and it’s a bad thing for them.
by DVMResident
Thu May 07, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3379

Re: 15 year mortgage vs 30 year payoff in 15

Alternative option: drop the downpayment to 25% (175k vs 300k) for liquidity and get the 15 year note. You can always decide to throw it at the mortgage if you want later.
by DVMResident
Fri May 01, 2020 9:35 am
Forum: Personal Consumer Issues
Topic: How do i check if a room has a draft or leak?
Replies: 17
Views: 1079

Re: How do i check if a room has a draft or leak?

On a practical note you can rent a IR camera from Home Depot (my area is $40 for 4 hours or $80 for a day) or you can buy one. You can buy a FLIRone is a phone attachment for $300~400 (sometimes they go on sale). Some utility companies (especially in the New England states) will do a free energy aud...
by DVMResident
Wed Apr 29, 2020 6:55 pm
Forum: Personal Consumer Issues
Topic: Chromebook with tablet mode and stylus recommendations
Replies: 13
Views: 807

Re: Chromebook with tablet mode and stylus recommendations

Depending on the age of the kid, a separate pen tablet peripheral works great, e.g. Huion graphic tablet. They plugin into windows computers and cost $40. I do a lot of image segmentation work that requires precision and a mouse just kills my wrist. I’ve tired the pen tablet (on screen Wacom), but f...
by DVMResident
Mon Apr 27, 2020 9:41 am
Forum: Personal Investments
Topic: UC system, pension or traditional 401k?
Replies: 30
Views: 1969

Re: UC system, pension or traditional 401k?

How long do you plan to stay at the UC?

Don’t overlook the medical benefits (use to vest at the 20 year mark when I at the UC). It’s difficult to estimate their value but extremely valuable.
by DVMResident
Sun Apr 26, 2020 12:50 pm
Forum: Personal Investments
Topic: Law School Savings Account
Replies: 15
Views: 893

Re: Law School Savings Account

For this short term, sign up bonuses are probably the best ROI. WF is giving $400 for checking and Chase is doing a promo for $500 for checking/savings combo. You have enough funds to do both for $900. Nerd Wallet runs a monthly article on best sign up deals. Also, consider maximizing any tax benefi...
by DVMResident
Sun Apr 19, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: 30 ARM adjsuting quesion with max 8.625% - shoudl I be refinacne
Replies: 24
Views: 1091

Re: 30 ARM adjsuting quesion with max 8.625% - shoudl I be refinacne

Go request a quote from AimLoan and LenderFI. Report back on your no/low-cost options 30/15 year fixed rates (ARMs refis are not good now) and loan amount and someone will help you.
by DVMResident
Fri Apr 17, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Upgrade Computer Before Law School?
Replies: 42
Views: 1867

Re: Upgrade Computer Before Law School?

I would wait until late summer. Many of the 2020 models will be launching over the next 2 quarters. By waiting you can purchase the newer models for full price or hold out for sale prices for the 2019 model (Costco and Best Buy are worth watching). For example, the 2020 macbook pro is rumored to lau...
by DVMResident
Wed Apr 15, 2020 12:19 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 20138

Re: What are you doing for haircuts due to coronavirus shutdown?

Growing it out! When will get another chance?
I’m going bald and this probably my last go at long hair.
by DVMResident
Tue Apr 14, 2020 6:53 am
Forum: Personal Investments
Topic: Another 15 vs. 30 mortgage question
Replies: 15
Views: 1513

Re: Another 15 vs. 30 mortgage question

Get a 5 or 7 year ARM. You will save thousands on interest and you can pay in extra equity as desired. I believe this is a sound option. Agreed. I’m typically an ARM fanboy, but not today. ARMs are higher today than fixed. See yourself on both LenderFI and Aim. Aim generates this message: Note on A...
by DVMResident
Mon Apr 13, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?
Replies: 51
Views: 4584

Re: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?

Real estate is a business. Real estate with a property manager is a business with an employee*. You have to manage the manager. You don’t know you have a good manager unless you manage them. You don’t know that a formally good manager is still good unless you continue to manage them. Overall, they c...
by DVMResident
Sun Apr 12, 2020 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Who else is working longer hours from home with frozen/reduced compensation?
Replies: 26
Views: 3126

Re: Who else is working longer hours from home with frozen/reduced compensation?

I'm in pharma R&D as a team lead. I am working way more hours plus pouring ~4 hours/day on child remote schooling. My wife is 60% WFH. On Friday our house had 3 Zoom meetings at once :o The longer hours is not the same thing as more productive (loss of lab access being our primary issue, no lab = no...
by DVMResident
Sun Apr 12, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1793

Re: 401k match suspended

OP, this might be an opportunity for front-loading (if you weren't already).
We're still negative YTD-so the buying is better than it was.
by DVMResident
Thu Apr 09, 2020 7:50 am
Forum: Personal Investments
Topic: How often do you add money to stock market?
Replies: 48
Views: 3354

Re: How often do you add money to stock market?

I also have ‘lumpy’ pay but predictable pay. I set a cash target (2x months of living expenses) to handle day-to-day expenses. When I’m over my target, I buy per my AA (or fund my EF or house fund, but I no longer need these). Simple and has been working for me for the last decade. This could work f...
by DVMResident
Tue Apr 07, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8477

Re: How do you maximize enjoyment after achieving FI?

Giving back. I plan to give back my FI number back to charities of interest. I like the idea of FI, but FIRE doesn’t interest me much. Mechanically this is done through by donating appreciated funds to DAF and repurchasing assets with new funds (net pushing up the basis for tax savings). Like other ...
by DVMResident
Mon Apr 06, 2020 7:20 am
Forum: Personal Investments
Topic: Layered Emergency Fund
Replies: 30
Views: 2422

Re: Layered Emergency Fund

I think this is a matter of scale and accessibility. I used to hold my ER fund in multiple bank accounts chasing credit card/account bonuses for a few hundred here and there (Chase was the best). Worked pretty well on a small scale and beat interest yields by a lot. Today, my NW is 6x-7x annul spend...
by DVMResident
Fri Apr 03, 2020 7:26 am
Forum: Personal Investments
Topic: Need help deciding whether to sell home -- complicated market question
Replies: 12
Views: 914

Re: Need help deciding whether to sell home -- complicated market question

Passing on a hypothetical $75k* out of $250k to invest in the market is crazy to me. That’s the akin to a 30% fee. Moreover, the cash won’t land in your account today. You will receive the funds in 30 days minimum (may have difficulty closing with COVID working restrictions) and the market may have ...
by DVMResident
Thu Apr 02, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10328

Re: Are your personal expenses down during stay home and shelter?

Wyatt007 wrote:
Thu Apr 02, 2020 12:07 pm
However, DW was laid off last week so income is down much more :?
Sorry, that sucks.
by DVMResident
Thu Apr 02, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10328

Re: Are your personal expenses down during stay home and shelter?

I front loaded more on entrainment and it caused a mini-spike, but I project average slightly lower for the month total. Up: grocery bill*, electricity bill is up 18%, bought some new games (video and board, ~$200, enough for the next 4-6 weeks) Down: eating out (lunch at work and our 2x weekly fami...
by DVMResident
Wed Apr 01, 2020 9:20 am
Forum: Personal Investments
Topic: First world problem , large monthly cash flow, what would you do?
Replies: 15
Views: 2209

Re: First world problem , large monthly cash flow, what would you do?

Congrats OP. This is how I think about your numbers: -You’re saving 6 years of current * living expenses per year of work -You can reach FI in (25x, per the 4% rule) with no returns in 4~5 years -Ergo, you don’t need to take market risk to reach your goals. I would personally consider a more conserv...
by DVMResident
Tue Mar 31, 2020 7:08 am
Forum: Personal Investments
Topic: Probability of V shaped Rebound in Stocks
Replies: 82
Views: 7652

Re: Probability of V shaped Rebound in Stocks

V-shaped when viewed on a 30-year timescale 8-)
by DVMResident
Sat Mar 28, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo Mortgage Lenders?
Replies: 7
Views: 770

Re: Jumbo Mortgage Lenders?

Another vote for Well Fargo. Almost nobody can touch their jumbo rates.
by DVMResident
Thu Mar 26, 2020 10:22 pm
Forum: Personal Investments
Topic: Now the time to buy Inflation Protected Bond Fund?
Replies: 30
Views: 2730

Re: Now the time to buy Inflation Protected Bond Fund?

I've been waiting for a decade for QE-induced inflation to arrive.
Why is this round of QE different?
by DVMResident
Tue Mar 24, 2020 2:41 pm
Forum: Personal Consumer Issues
Topic: What's cheap right now?
Replies: 33
Views: 3746

Re: What's cheap right now?

Our Costco is having sales on Bidets. Given the price of TP now, it’s a downright steal!
by DVMResident
Mon Mar 23, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market Response in this environment?
Replies: 57
Views: 7320

Re: Housing Market Response in this environment?

I don’t think it’s been priced in. I read and heard from real estate agent friends in LA and Boston that it’s really busy in that lots of people are looking (pre-approved, low interest rates, and tight inventories) but also nervous (not lots of offers being made and some showings cancelled with the...
by DVMResident
Mon Mar 23, 2020 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Housing Market Response in this environment?
Replies: 57
Views: 7320

Re: Housing Market Response in this environment?

I don’t think it’s been priced in. I read and heard from real estate agent friends in LA and Boston that it’s really busy in that lots of people are looking (pre-approved, low interest rates, and tight inventories) but also nervous (not lots of offers being made and some showings cancelled with the ...
by DVMResident
Mon Mar 23, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: [Work From Home] - What does your company pay for?
Replies: 83
Views: 4530

Re: [Work From Home] - What does your company pay for?

My leadership promised hourly workers will not lose pay . They will be paid wether they are able to work durning the shutdown (being essential) or not. While this doesn’t impact me directly, this is so important for a lot of people who otherwise work hard and who could basically be out of job for n...
by DVMResident
Fri Mar 20, 2020 10:02 am
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 244
Views: 22831

Re: Unprepared for Potential Great Depression Part 2

The fact that "everybody knows" this will be getting worse and possibly much worse makes me more excited to buy. However, I remain fully invested, so my opportunities to buy come from cash flow and leverage. I do not have cash on the sidelines. +1 I'm surprised by how quickly this-time-its-differen...
by DVMResident
Wed Mar 18, 2020 8:37 am
Forum: Personal Investments
Topic: Landlords how are you handling your renters
Replies: 16
Views: 1976

Re: Landlords how are you handling your renters

Rumor has it Cuomo in NY will ask Rent and Utilities to be postponed for NYers. I'd think he should also ask for mortgage and intereset payment delays as well. (I don't live in NY) That’s what Italy is doing and it’s on the radar in the USA: https://www.cnbc.com/2020/03/17/chief-mortgage-regulator-...
by DVMResident
Mon Mar 16, 2020 7:42 am
Forum: Personal Consumer Issues
Topic: Basic ESPP Limit Question
Replies: 1
Views: 104

Basic ESPP Limit Question

ESPPs have an annual cap of $25k that was set in 2009 under IRS section 439(b)(8). A decade is a long time without an adjustment. My question is there any mechanism to increase the cap (besides some act of Congress)? I can’t find one an 401(k)/IRA-like inflation adjustment. If not, should ESPP be vi...
by DVMResident
Fri Mar 13, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2124

Re: What to do with bonuses this year

+1 vote for paying down the mortgage/PMI removal if possible under your loan terms and bank the remaining for the vacation fund :beer The PMI removal is a great ROI. Car loan isn’t a bad choice either. I understand the appeal cash flow perspective, but with two people working and a decent ER fund, I...
by DVMResident
Thu Mar 12, 2020 5:13 pm
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14075

Re: How many people with 7 figure portfolios are”rejoicing ?”

I’m 6 years into mid-5 digit a year saving/investing. Not quite 2-comma, but I’m just hitting the “tipping point” where average returns exceed contributions. Also, got my eye on a cheap refi. I am excited for the buying opportunities and will continue to be until I get laid off! Or get infected :oops:
by DVMResident
Thu Mar 12, 2020 6:27 am
Forum: Personal Investments
Topic: ESPP With Match / No Discount
Replies: 4
Views: 248

Re: ESPP With Match / No Discount

Curious: do the annual ESSP $25k cap include this 15% match?

I’ve never heard of a matching ESPP.
by DVMResident
Wed Mar 11, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: When to lock in mortgage rate
Replies: 9
Views: 761

Re: When to lock in mortgage rate

Locked at 2.75%.

Open a float with another lender.

Close with whoever has a lower total costs.

Refi later if rates continue to drop.

P.S. Awesome rate! I got a 3.125% 7/1 ARM about a year back and thought it was great (still do). Cheers.
by DVMResident
Mon Mar 09, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: Bogleheads Equivalent for Legal Advice
Replies: 9
Views: 669

Re: Bogleheads Equivalent for Legal Advice

For my own research, I like the NOLO book series (I’ve mostly used them for real estate).
by DVMResident
Fri Mar 06, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: ARM question/ Refi
Replies: 8
Views: 558

Re: ARM question/ Refi

Yes, you should refi. You should not refi to a 30 year fixed. With <5 years to when you sell, you are a good candidate for a 7/1 ARM to lock in another 7 years of low interest. A 30 year fixed will cost you a lot of interest due to most of the interest being paid in the early years*. If you’ve alrea...
by DVMResident
Thu Mar 05, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a rental property even worth it?
Replies: 58
Views: 4376

Re: Is buying a rental property even worth it?

I was a landlord and made a ton that beat out my AA by many fold. This finds from RE investments accounts for nearly 1/3 of my net worth. However, this forum tends to run anti-real estate and skew towards towards telling not to invest. Bigger Pocket is pro-real estate. Where you ask the question wil...
by DVMResident
Tue Mar 03, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fed rate cut and mortgage rates
Replies: 17
Views: 2280

Re: Fed rate cut and mortgage rates

You could float with one lender and lock with another and choose later :wink:
by DVMResident
Mon Mar 02, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best Visa Credit Card
Replies: 24
Views: 1863

Re: Best Visa Credit Card

I like Fidelity’s flat 2% back. I use this in combination with AmEx propel for 3% on hotels, flights, gas, and restaurants. BofA has a very high select your own category of your of choice. Good choice if you have a relationship with BofA and have a category with heavy spending Uber, Costco, and Amaz...
by DVMResident
Sun Mar 01, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4296

Re: Is it always smart to buy points (mortgage)?

I generally dislike paying points unless you *know* that you’re going to keep the note for the long term. Most people don’t have this level of predictability. IMO a better option is to respond to the market as it develops. If rates drop, refi. If rates rise, buying those higher yielding fixed assets...
by DVMResident
Sat Feb 29, 2020 8:16 pm
Forum: Personal Consumer Issues
Topic: Boiler cracked - heating alternatives?
Replies: 22
Views: 1088

Re: Boiler cracked - heating alternatives?

How old is the boiler? Is it cast iron? Often the cracked section can be replaced instead of complete system replacement. It's a 1998 WTGO-3 boiler that is described as an "oil-fired water boiler with cast iron sections." The oil servicer recommended a full replacement and didn't mention the option...