Search found 557 matches

by hornet96
Fri Jul 24, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Mortgage broker won't lock the rate
Replies: 21
Views: 1564

Re: Mortgage broker won't lock the rate

Looks like your mortgage would be for $600K, which (depending on your location), would fall into the "super conforming" range. I have seen many instances where the advertised rates (e.g. your 2.875%) are only for "regular" conforming mortgages (up to about $510K), and then once you start entering in...
by hornet96
Wed Jul 15, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16109

Re: Vanguard laying off 1300 employees as part of outsourcing deal with Infosys

There is a BIG difference between being laid off - wondering if your low unemployment check can feed your family and pay your mortgage while you look for a job - and being guaranteed a minimum of 12 months employment at the same base salary.......[snip] What you do know is that Vanguard is NOT layi...
by hornet96
Wed Jul 15, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16109

Re: Vanguard laying off 1300 employees as part of outsourcing deal with Infosys

On the other hand, I am very suspicious of outsourcing because in my limited experience the outsourcer is often swindling the client, by telling them what they want to hear--just hand it all over to us and quit worrying--and fail to deliver the promised service (and often jack up prices so that eve...
by hornet96
Thu Jul 09, 2020 10:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Sells out to China
Replies: 8
Views: 1851

Re: Vanguard Sells out to China

https://www.bloomberg.com/news/articles/2020-07-09/vanguard-nyse-set-to-weigh-in-on-u-s-crackdown-on-china-firms "Vanguard believes that global diversification and investing in China is beneficial for investors” .....snip..... As a CPA and investor in Vanguard (and all investors in Vanguard are co-...
by hornet96
Thu Jul 02, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8367

Re: Elementary school in Fall - choose Virtual or In-person

Given a choice teachers are choosing online option. Of course they are. The teachers unions are coming at this purely from a fear-based position, while the American Academy of Pediatrics is coming at it from a science-based position. As others have noted, there is simply no 100% risk-free solution ...
by hornet96
Thu Jun 18, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have other options than mortgage default? How do I handle foreclosure?
Replies: 36
Views: 4185

Re: Do I have other options than mortgage default? How do I handle foreclosure?

The property is not legally habitable At one time, it was legally habitable. At some other point in time, if it truly became "not" legally habitable - then why did the township allow you to keep living in it? IANAL , but it would seem to me that the township bears some legal responsibility here if ...
by hornet96
Wed Jun 10, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

I will add however that if you listen to some of his “train wreck” followers it becomes quite clear that they probably don’t have the financial and emotional capacity to stay the course with a 3-4 fund allocation. This is where a money manager brings value. Certainly, and I would reiterate that one...
by hornet96
Wed Jun 10, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

I will add however that if you listen to some of his “train wreck” followers it becomes quite clear that they probably don’t have the financial and emotional capacity to stay the course with a 3-4 fund allocation. This is where a money manager brings value. Certainly, and I would reiterate that one...
by hornet96
Wed Jun 10, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

I have no idea if it is in the papers that people sign. What I was referring was that it is repeated repeated repeated on the radio/podcast show. It is not hidden. And when posters say such it is at best dishonest. And his listeners, who have been described as "trainwrecks," "hopelessly financially...
by hornet96
Wed Jun 10, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

For those who did stay the course, always keep their fees low, and are consistent with their Boglehead portfolio contributions and AA - kudos! :beer It appears due to the volume of non-Boglehead behavior on the Boglehead.org forums, that there might be more instructive criticism that could take pla...
by hornet96
Wed Jun 10, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

For those who did stay the course, always keep their fees low, and are consistent with their Boglehead portfolio contributions and AA - kudos! :beer It appears due to the volume of non-Boglehead behavior on the Boglehead.org forums, that there might be more instructive criticism that could take pla...
by hornet96
Tue Jun 09, 2020 1:04 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

3CT_Paddler wrote:
Tue Jun 09, 2020 12:57 pm
I don't agree with Ramsey on investing, but he does more for getting the uneducated investor on the right path than Bogleheads does.
Just think about how much more he could do for the "uneducated investor" if only he were intellectually honest about his investing advice.
by hornet96
Tue Jun 09, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

[snip] because most people need hand holding - aka advisor and that advisor needs to be paid. How you pay the advisor (load or AUM or fixed fee - it's not both) needs to be decided. Ok, then why doesn't he point them to Vanguard PAS or another low-cost hand-holder? I believe he truly believes in hi...
by hornet96
Tue Jun 09, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 9982

Re: Dave Ramsey mentioned bogleheads today

It is quite fascinating to watch the Dave Ramsey defenders come into these threads and shout his virtues from the mountaintop about helping "train wrecks" of people who don't have the aptitude to understand basic personal finance, and then ignore the intellectual problems with his obvious monetizati...
by hornet96
Fri Apr 24, 2020 9:03 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 253
Views: 18920

Re: 2020 Hedge Fund contest

Looks like one of my shorts (FTR) filed for bankruptcy last week. Somehow I missed the news! Am I allowed to ride it all the way to zero for a 100% gain? I believe the stock may have been delisted as it’s not coming through in the spreadsheet. https://finance.yahoo.com/news/frontier-communications-f...
by hornet96
Thu Apr 02, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4562
Views: 312337

Re: Refinance Mega Thread

Supposed to finally close on my refi on 4/1 with Keystone Funding. True closing costs are around $1,800, most of which are title fees that I shopped around for and believe are pretty consistent across firms in my area. I'm not including transfer taxes/prepaid interest/prepaid escrows in this figure...
by hornet96
Tue Mar 24, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4562
Views: 312337

Re: Refinance Mega Thread

Supposed to finally close on my refi on 4/1 with Keystone Funding. True closing costs are around $1,800, most of which are title fees that I shopped around for and believe are pretty consistent across firms in my area. I'm not including transfer taxes/prepaid interest/prepaid escrows in this figure....
by hornet96
Wed Mar 18, 2020 8:54 pm
Forum: Personal Investments
Topic: VUSXX vs FDIC Bank Accounts
Replies: 29
Views: 2264

Re: VUSXX vs FDIC Bank Accounts

In the scenario where/if the stock market closes, can money market funds be accessed, meaning liquidated into cash? Or would those be inaccessible since they are a "traded fund"? As far as I know, money market funds at VG would indeed be inaccessible in the event of a market shutdown. If for some r...
by hornet96
Mon Feb 24, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4562
Views: 312337

Re: Refinance Mega Thread

I inquired about rates on Friday, when rates were tanking then. I got a quote at 3.25% (no points) for a 30 yr fixed and had until last night at midnight to lock - glad I didn't. I saw the futures markets tanking last night and have been in talks with my lender. Just a few minutes ago, I sent him a ...
by hornet96
Sat Feb 22, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance 3.25% 7/1 ARM now into 2.875% 15 year fixed?
Replies: 8
Views: 1008

Re: Refinance 7/1 ARM now if rate = 30 year fixed?

Since you're paying it down with extra payments, why not a 15yr @ 2.75%? This is a great question, OP. The problem with refinancing to the 30-year rate is that you're paying $4600 now to lock in the exact same interest rate that you're already paying even though you've got 4 more years at the fixed...
by hornet96
Sat Feb 22, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 3.25% 7/1 ARM now into 2.875% 15 year fixed?
Replies: 8
Views: 1008

Re: Refinance 7/1 ARM now if rate = 30 year fixed?

Since you're paying it down with extra payments, why not a 15yr @ 2.75%? This is a great question, OP. The problem with refinancing to the 30-year rate is that you're paying $4600 now to lock in the exact same interest rate that you're already paying even though you've got 4 more years at the fixed...
by hornet96
Sat Feb 22, 2020 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 3.25% 7/1 ARM now into 2.875% 15 year fixed?
Replies: 8
Views: 1008

Refinance 3.25% 7/1 ARM now into 2.875% 15 year fixed?

Update on 2/22/20: I'm now considering refinancing into a 15 year fixed, rather than a 30 year fixed at the same rate. I've updated the thread title to reflect the change in direction. See discussion further below Given the recent downturn in rates to near historical lows again, I have an opportuni...
by hornet96
Thu Jan 23, 2020 10:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 445
Views: 69615

Re: Larry Swedroe says "Goodbye."

What you think were predictions were simply expectations. "Expected" returns are predictions. If they are not predictions, then what's the point of bringing them up? This is really a subject for a different thread, but here is a simple example. If I flip a coin 10 times, I would expect to see heads...
by hornet96
Thu Jan 23, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 445
Views: 69615

Re: Larry Swedroe says "Goodbye."

1. Sorry to read that Larry left again. 2. Larry had zero compunction with getting up into other people’s grills, so it seems pretty silly for him to take his ball and go home. On the other hand, Larry would never do anything like that to others and he would back up all his posts with rational argu...
by hornet96
Thu Jan 23, 2020 1:13 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 27498

Re: Sad news: LadyGeek's husband has passed

So sorry for your loss LadyGeek - sending my condolences to you and your family. May you find peace and comfort in knowing that your husband is no longer suffering, and that he undoubtedly was blessed to have you there to provide comfort in his final days.
by hornet96
Thu Jan 23, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 445
Views: 69615

Re: Larry Swedroe says "Goodbye."

Larry had zero compunction with getting up into other people’s grills, so it seems pretty silly for him to take his ball and go home. This. and... .....lets not pretend that the board isn't, well lets go with 'intellectually pretentious". This. I highly respect Larry and most of his viewpoints, but...
by hornet96
Tue Jan 14, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRS 2020 W4 withholding: new calculation method, new form
Replies: 82
Views: 7058

Re: IRS 2020 W4 withholding: new calculation method, new form

I tried playing around with the new W-4 calculator as well, just after the new year. When going through the questions, it asks (among other things) what your YTD federal tax withholdings have been. Since our last paychecks were as of 12/31/19, we've obviously had no tax withheld thus far in 2020 so ...
by hornet96
Mon Jan 13, 2020 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: I Bought Myself Quicken - Now What?
Replies: 40
Views: 3580

Re: I Bought Myself Quicken - Now What?

Costco, Target, and Amazon are not categories, they are payees. So are Visa, Mastercard, and Amex. This is one of the biggest mistakes I see with a lot of people setting up Quicken for the first time. However, for things like Costco or Target, I generally just categorize all of those charges as "ho...
by hornet96
Mon Jan 13, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: I Bought Myself Quicken - Now What?
Replies: 40
Views: 3580

Re: I Bought Myself Quicken - Now What?

Costco, Target, and Amazon are not categories, they are payees. So are Visa, Mastercard, and Amex. This is one of the biggest mistakes I see with a lot of people setting up Quicken for the first time. However, for things like Costco or Target, I generally just categorize all of those charges as "ho...
by hornet96
Mon Jan 13, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: I Bought Myself Quicken - Now What?
Replies: 40
Views: 3580

Re: I Bought Myself Quicken - Now What?

You have to spend time with it to learn how to use it ...... You have to go into the project with the mindset that you are going to figure out how to use the tool rather than getting upset because someone else wrote the software. (Edited by hornet96 for brevity) 100% true. To get the true benefits ...
by hornet96
Mon Jan 13, 2020 8:00 am
Forum: Personal Finance (Not Investing)
Topic: I Bought Myself Quicken - Now What?
Replies: 40
Views: 3580

Re: I Bought Myself Quicken - Now What?

The reporting abilities of Quicken simply haven’t been matched by other services yet (I’ve tried them all). I have several customized reports in Quicken that analyze free cash flow across various time periods, showing our true savings rate and sources & uses of cash. The initial setup takes quite a ...
by hornet96
Fri Jan 10, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 253
Views: 18920

Re: 2020 Hedge Fund contest

Carlos Danger wrote:
Fri Jan 10, 2020 12:24 pm
PIR - Pier 1 Imports
FYI, unfortunately Pier 1 isn't listed in the Russell 3000 Index, so it will be ineligible for this contest. (That stock was on my original list to short as well.)
by hornet96
Fri Jan 10, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 253
Views: 18920

Re: 2020 Hedge Fund contest

High Hopes Fund

Long
Innovative Industrial Properties (IIPR)
Exelixis (EXEL)
Aimmune Therapeutics (AIMT)

Short
Frontier Communications Corp. (FTR)
Ascena Retail Group (ASNA)
Tanger Factory Outlet Centers (SKT)
by hornet96
Fri Jan 03, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor's office refused to issue itemized receipts for shots for infection
Replies: 45
Views: 3969

Re: Doctor's office refused to issue itemized receipts for shots for infection

He said the shots were not covered by insurance and we paid the entire amount for the shots by credit cards . However, the office gave receipts for the credit card payments only, but did not give us itemized receipts. The credit card receipts show only the amount and there is no description of the ...
by hornet96
Fri Jan 03, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: MarketWatch Three-Fund Portfolio Wins Again!
Replies: 73
Views: 5385

Re: MarketWatch Three-Fund Portfolio Wins Again!

Breaking news: 3 fund portfolio comes in last against all market watch portfolios: https://i.ibb.co/44syy6n/3872-FCB4-8-FC4-4069-BC36-41-C61-F0-DCCF8.jpg Although it is a nice return for a portfolio heavy with bonds, once again the 3-fund portfolio comes in last. See how easy that is? Yes indeed. A...
by hornet96
Fri Jan 03, 2020 12:50 am
Forum: Investing - Theory, News & General
Topic: MarketWatch Three-Fund Portfolio Wins Again!
Replies: 73
Views: 5385

Re: The Truth Must Be Told Over And Over

I wish Taylor would stop doing this. nedsaid: The truth must be told over and over because people have been taught untruth by the investment industry. Best wishes. Taylor Jack Bogle's Words of Wisdom: "Successful investing doesn't require sophistication and complexity; all that's necessary is a hea...
by hornet96
Tue Dec 31, 2019 12:16 am
Forum: Personal Consumer Issues
Topic: Kitchen faucet pull-down nozzle
Replies: 18
Views: 1822

Re: Kitchen faucet pull-down nozzle

Check out replacement nozzles on Amazon. I replaced our no-name nozzle that had a failing spray button a couple of months ago for like $12. Works just fine and looks exactly like the original.
by hornet96
Mon Dec 30, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: CFA confidentiality
Replies: 48
Views: 2918

Re: CFA confidentiality

Shoot, just double checked and it's CFP next to his name. Are they the same or different? They aren’t even remotely similar credentials. CFP is MUCH easier to obtain; however, they are still bound by certain rules on ethics. With that said, you should focus on the advice others have given with rega...
by hornet96
Mon Dec 30, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: CFA confidentiality
Replies: 48
Views: 2918

Re: CFA confidentiality

It is a very serious violation. Are you sure your Edward Jones financial advisor is a CFA? I was thinking the same thing. Just because they say they are a “financial advisor” and tout some kind of certification, doesn’t mean they are a CFA Charterholder. Personally I’d be fairly shocked to learn th...
by hornet96
Sun Dec 08, 2019 9:22 pm
Forum: Personal Consumer Issues
Topic: Mounting a tv over the fireplace
Replies: 54
Views: 3611

Re: Mounting a tv over the fireplace

Can someone tell me if I have to have a set top box physically attached to the tv, and if so, is there a way to hide it. Indeed there is. I picked up something like this: https://hideitmounts.com/collections/cable-box-satellite-mounts/products/tech_universal_cable_hideit_unil Can’t see any wires at...
by hornet96
Sat Nov 23, 2019 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Health insurer denying entire claim
Replies: 27
Views: 2871

Re: Health insurer denying entire claim

This a pretty routine request for additional documentation from the Hospital, which apparently, the Hospital has not even received. In the most likely scenario, the hospital will eventually get the rejected claim with request for more info, they will send it, and the claim will be paid. Navigating ...
by hornet96
Fri Nov 22, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurer denying entire claim
Replies: 27
Views: 2871

Re: Health insurer denying entire claim

This a pretty routine request for additional documentation from the Hospital, which apparently, the Hospital has not even received. In the most likely scenario, the hospital will eventually get the rejected claim with request for more info, they will send it, and the claim will be paid. Navigating ...
by hornet96
Thu Nov 14, 2019 12:59 pm
Forum: Forum Issues and Administration
Topic: Error in the Wiki?
Replies: 8
Views: 1126

Re: Error in the Wiki?

P.S. - I agree with tadamsmar. While the wiki statement is true, it could easily be misinterpreted to think that if you gift $1 over the annual exclusion limit, that you will owe tax on it. That is not necessarily true, due to the lifetime exemption which he correctly points out.
by hornet96
Thu Nov 14, 2019 12:56 pm
Forum: Forum Issues and Administration
Topic: Error in the Wiki?
Replies: 8
Views: 1126

Re: Error in the Wiki?

I see what you are saying. But it is a true statement. Giving more than 14k does trigger a gift tax. Common misconception. Giving more than $14K (now $15K) triggers the need to file a gift tax return (Form 709), but may not result in any actual gift tax due. https://turbotax.intuit.com/tax-tips/est...
by hornet96
Sun Nov 10, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12507

Re: Saving seats on Southwest

When I checked it 24 hours ahead of my Portland departure I was also able to check in about 22 hours before my Denver departure. That wouldn’t be unusual since it’s less than 24 hours in advance. I think in your example you meant to say something greater than 24 hours? I have done that as well with...
by hornet96
Sun Nov 10, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12507

Re: Saving seats on Southwest

How about the couples that choose the two aisle seats across from each other, hogging both 3 seat groups? Spouse and I book aisle seats across from each other all the time as we both prefer the aisle. Our consciences are clear. :D Booking is different than taking on SWA. No, it isn’t. You are assum...
by hornet96
Tue Nov 05, 2019 11:36 am
Forum: Forum Issues and Administration
Topic: [Admin] tinypic (picture hosting) website is gone
Replies: 16
Views: 2346

Re: [Admin] tinypic (picture hosting) website is gone

3. Bogleheads might consider hosting some of the jpgs themselves as they do for jpgs referenced in wiki pages. (At least the wiki is safe at this time.) This is really the right answer, if the fundamental intent of this site and its owner is to preserve the historical integrity of the posts for fut...
by hornet96
Mon Oct 14, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available
Replies: 40
Views: 2275

Re: Your brokerage Consolidated Form 1099 is now available

I got a notice saying "your transaction confirmation is ready," about a week ago, when I knew I had not requested any such transactions recently. Panicked, I immediately logged in, only to find a confirmation of some revised cost basis information for sell transactions from..... 2013 . :shock: I hav...
by hornet96
Sun Sep 08, 2019 9:13 am
Forum: Personal Consumer Issues
Topic: Costco washer/dryer delivery: tipping?
Replies: 54
Views: 6345

Re: Costco washer/dryer delivery: tipping?

Why are some of you going out of your way to perpetuate this ridiculous culture of tipping? I’m an American and have always been one, and I hate this cultural practice. It’s so stupid! Making people do math in sometimes stressful and often hurried situations, making people constantly second guess a...