underwhelmed by the letter kinda like last year. But still always enjoy reading
the biggest news was that Warren is going to Charlie for the annual meeting this year. Good news. Greg Abel was I thought a dud last year. He's certainly no Charlie, when it comes to having interesting stuff to say.
Search found 997 matches
- Sat Feb 27, 2021 7:13 pm
- Forum: Investing - Theory, News & General
- Topic: Warren Buffett - BRK Annual Letter
- Replies: 78
- Views: 11726
- Wed Feb 17, 2021 4:03 pm
- Forum: Investing - Theory, News & General
- Topic: How to Invest in Crypto like a Boglehead?
- Replies: 232
- Views: 42465
Re: How to Invest in Crypto like a Boglehead?
oh, and only buy bitcoin, that’s my opinion. There’s a name for the rest that can’t be written here. But bitcoin’s history of high-profile thefts and hacks have left some still doubting its security, particularly since it is often kept in digital wallets on independent networks. In recent years, thieves have stolen billions of dollars’ worth of bitcoin. And the digital nature of those thefts often make it difficult for authorities to track down the crooks. source: https://www.cnbc.com/2021/02/17/north-korean-hackers-charged-in-massive-cryptocurrency-theft-scheme.html oh and the title of this thread should be changed to "How to Speculate in Crypto which is very much unlike a Boglehead". I’m not sure why you quoted me. I didn’t mea...
- Wed Feb 17, 2021 3:17 pm
- Forum: Investing - Theory, News & General
- Topic: How to Invest in Crypto like a Boglehead?
- Replies: 232
- Views: 42465
Re: How to Invest in Crypto like a Boglehead?
oh, and only buy bitcoin, that’s my opinion. There’s a name for the rest that can’t be written here. But bitcoin’s history of high-profile thefts and hacks have left some still doubting its security, particularly since it is often kept in digital wallets on independent networks. In recent years, thieves have stolen billions of dollars’ worth of bitcoin. And the digital nature of those thefts often make it difficult for authorities to track down the crooks. source: https://www.cnbc.com/2021/02/17/north-korean-hackers-charged-in-massive-cryptocurrency-theft-scheme.html oh and the title of this thread should be changed to "How to Speculate in Crypto which is very much unlike a Boglehead". I’m not sure why you quoted me. I didn’t mea...
- Tue Feb 16, 2021 8:41 pm
- Forum: Investing - Theory, News & General
- Topic: How to Invest in Crypto like a Boglehead?
- Replies: 232
- Views: 42465
Re: How to Invest in Crypto like a Boglehead?
oh, and only buy bitcoin, that’s my opinion. There’s a name for the rest that can’t be written here.
- Tue Feb 16, 2021 8:38 pm
- Forum: Investing - Theory, News & General
- Topic: How to Invest in Crypto like a Boglehead?
- Replies: 232
- Views: 42465
Re: How to Invest in Crypto like a Boglehead?
Buy: lump sum on Kraken. Much lower fees than Coinbase or others. Like way less. Very reputable. Much more boglehead like. Swan is excellent for DCA but 1% fee.
Transfer to: BlockFI. US domiciled. The blue chip “interest account”. Maybe Celsius
You can also transfer cash to BlockFI and earn 8.6% return on cash equivalent, and then buy there paying a spread of about 0.7%
That’s it
Transfer to: BlockFI. US domiciled. The blue chip “interest account”. Maybe Celsius
You can also transfer cash to BlockFI and earn 8.6% return on cash equivalent, and then buy there paying a spread of about 0.7%
That’s it
- Sun Feb 14, 2021 3:32 pm
- Forum: Investing - Theory, News & General
- Topic: M1 Finance
- Replies: 120
- Views: 22509
Re: M1 Finance
Lately for me, it’s been moving money off the platform. It can be something like, enter transfer $50k from M1 to bank account Thurs. Doesn’t process until Mon and until then, you can’t enter another transfer. So enter the next transfer on Monday and maybe it doesn’t move until Wed.
First world problems.
So moving larger amounts is slow. I guess that’s the short story. I’ve never tried wire transfer out.
I have wire transferred in large amounts and that worked just fine.
First world problems.
So moving larger amounts is slow. I guess that’s the short story. I’ve never tried wire transfer out.
I have wire transferred in large amounts and that worked just fine.
- Sun Feb 14, 2021 3:22 pm
- Forum: Investing - Theory, News & General
- Topic: M1 Finance
- Replies: 120
- Views: 22509
Re: M1 Finance
Here’s a specific point I find frustrating
I’ve held some EDV there and tax loss harvested with VGLT
When I bought back in to EDV later, the main Invest - Portfolio screen shows my historical losses in EDV, including the amount previously harvested as realized loss. Not the losses strictly on my current holdings.
You have to tap in to Investing - Holdings to see the basis and gain (loss) of the current holdings in this situation without the old harvested losses.
A glitch that should be fixed
I’ve held some EDV there and tax loss harvested with VGLT
When I bought back in to EDV later, the main Invest - Portfolio screen shows my historical losses in EDV, including the amount previously harvested as realized loss. Not the losses strictly on my current holdings.
You have to tap in to Investing - Holdings to see the basis and gain (loss) of the current holdings in this situation without the old harvested losses.
A glitch that should be fixed
- Sun Feb 14, 2021 3:17 pm
- Forum: Investing - Theory, News & General
- Topic: M1 Finance
- Replies: 120
- Views: 22509
Re: M1 Finance
I had a poor experience with M1 as evidenced earlier in the thread but came back for the 2% borrowing rate for M1 Plus members which I got half price for first year ($70 or whatever)
The platform is quirky and I find their ACH transfers frustrating. Limited to $50k per and occasionally quite slow, and they only allow one transfer pending at a time. So it can be painfully slow to move funds back and forth at times
And customer service can be frustrating as well. Sometimes slow and the email back and forth can be frustrating
But obviously we vote with our dollars and that 2% Borrow rate makes the platform sticky for me
The platform is quirky and I find their ACH transfers frustrating. Limited to $50k per and occasionally quite slow, and they only allow one transfer pending at a time. So it can be painfully slow to move funds back and forth at times
And customer service can be frustrating as well. Sometimes slow and the email back and forth can be frustrating
But obviously we vote with our dollars and that 2% Borrow rate makes the platform sticky for me
- Sun Feb 14, 2021 12:48 pm
- Forum: Investing - Theory, News & General
- Topic: Depositors earning 5-15%
- Replies: 224
- Views: 26143
Re: Depositors earning 5-15%
this thread has veered way off course
BlockFI pays 8.6% on cash equivalent crypto, is domiciled in NY, highly regulated, and it’s not all that hard to understand their business model
all this defi talk and aave and smart contracts and ETH stuff is tangential
just go search zac prince BlockFI on podcasts and spend some time listening
BlockFI pays 8.6% on cash equivalent crypto, is domiciled in NY, highly regulated, and it’s not all that hard to understand their business model
all this defi talk and aave and smart contracts and ETH stuff is tangential
just go search zac prince BlockFI on podcasts and spend some time listening
- Sat Jan 16, 2021 10:15 pm
- Forum: Personal Investments
- Topic: Best place to open a solo 401k?
- Replies: 77
- Views: 8227
Re: Best place to open a solo 401k?
I really think you are doing your client's a major disservice and for their sake, I hope you rethink a lot of this because it definitely goes against the grain and it's costing them BIG money in extra taxes, all to avoid a few simple forms that a layman could perform in a few minutes. Well, if it's nothing but common sense, good business, and "so easy a caveman could do it", then they don't need me to help them with it. If they can do it better and cheaper than me, they're welcome to go do it. I don't mind. Of course--people who ask for my help want my advice and my help. That's my advice. But of course, I'm willing to charge them $250/hr for those extra five hours for all the 401k setup. In fact, I think I'll do that from now on...
- Sat Jan 09, 2021 10:33 am
- Forum: Personal Consumer Issues
- Topic: Is there a forum for people with first world problems.
- Replies: 77
- Views: 4879
- Sun Jan 03, 2021 12:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
- Replies: 28
- Views: 1772
Re: Higher Salary for Self-Employed S Corp to Maximize Solo 401k worth it?
good time to analyze if an S Corp makes sense in your situation
a sole prop may allow for higher 401k contributions, higher QBI deduction, and be simpler not having to deal with payroll and the 1120S return
a sole prop may allow for higher 401k contributions, higher QBI deduction, and be simpler not having to deal with payroll and the 1120S return
- Fri Sep 11, 2020 9:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Cash App linked to Vanguard Brokerage to pay bills
- Replies: 19
- Views: 3172
Re: Cash App linked to Vanguard Brokerage to pay bills
besides, have you gone to the app store and read reviews for the Cash app?
happy Schwab bank and brokerage customer here for 15+ years
happy Schwab bank and brokerage customer here for 15+ years
- Thu Sep 10, 2020 10:10 am
- Forum: Personal Finance (Not Investing)
- Topic: How Are 401(k) Profit Sharing Calculated?
- Replies: 11
- Views: 874
Re: How Are 401(k) Profit Sharing Calculated?
right, read the original post again. Why do we assume EF is making some mistake?
OP provided an instruction to TPA, they came back with a result and now OP seems surprised by result and has questions.
My advice is the OP needs to talk to the TPA.
- Thu Sep 10, 2020 9:09 am
- Forum: Personal Finance (Not Investing)
- Topic: How Are 401(k) Profit Sharing Calculated?
- Replies: 11
- Views: 874
Re: How Are 401(k) Profit Sharing Calculated?
Employee Fiduciary should absolutely be able to handle new comparability profit sharing.
- Wed Sep 09, 2020 10:36 pm
- Forum: Personal Investments
- Topic: Correcting excess after-tax 401K contribution
- Replies: 8
- Views: 904
Re: Correcting excess after-tax 401K contribution
^^^ doesn’t make sense to me.
Bonus is determined and paid a few months into the next year, but company considers this prior year income? And this is considered wages? Is this all W2 income? Or are you an owner in an S Corp or Partnership and some of this is income on a K-1?
Again I think a first step in trying to help remedy the situation, is you need to clarify what amounts are deferral, employee after tax, and employer contributions.
The TPA for the plan should be able to help remedy this.
Bonus is determined and paid a few months into the next year, but company considers this prior year income? And this is considered wages? Is this all W2 income? Or are you an owner in an S Corp or Partnership and some of this is income on a K-1?
Again I think a first step in trying to help remedy the situation, is you need to clarify what amounts are deferral, employee after tax, and employer contributions.
The TPA for the plan should be able to help remedy this.
- Wed Sep 09, 2020 9:46 pm
- Forum: Personal Investments
- Topic: Correcting excess after-tax 401K contribution
- Replies: 8
- Views: 904
Re: Correcting excess after-tax 401K contribution
“my company and I” please clarify
what is the composition of the contributions - how much employee deferral, voluntary employee after tax, and employer match / profit sharing ?
how on earth did the company allow this to happen? Is this a closely held company ? It’s not common to have a plan that allows after tax contributions, to not also have a level of competent oversight
what is the composition of the contributions - how much employee deferral, voluntary employee after tax, and employer match / profit sharing ?
how on earth did the company allow this to happen? Is this a closely held company ? It’s not common to have a plan that allows after tax contributions, to not also have a level of competent oversight
- Wed Sep 09, 2020 3:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: How Are 401(k) Profit Sharing Calculated?
- Replies: 11
- Views: 874
Re: How Are 401(k) Profit Sharing Calculated?
The questions are precisely those you should be asking your TPA - Employee Fiduciary.
Did you run projections for New Comparability profit sharing before you set up the plan?
Did you run projections for New Comparability profit sharing before you set up the plan?
- Thu Jul 23, 2020 11:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pay off Phone Bill via Amex Platinum or Debit Card?
- Replies: 42
- Views: 3988
Re: Pay off Phone Bill via Amex Platinum or Debit Card?
Right now Amex is offering $20 month to pay for your phone bill. Verizon offers $5/line, since I have only three lines this may be the only time it makes sense to pay via Amex haha there’s a thread on this and I outlined the best way to do this - if you time the Amex payment correctly relative to your Verizon billing cycle you can maximize your savings. Because the Amex credit is per calendar month while the Verizon line discount is per billing cycle. You want to apply two months worth of Amex credit on a single Verizon bill cycle, then the next Verizon bill use the typical autopay. I think I responded to that and told you that Verizon doesn’t let you get the discount if you pay with a credit card, they closed the loop hole There is no loo...
- Wed Jul 22, 2020 11:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pay off Phone Bill via Amex Platinum or Debit Card?
- Replies: 42
- Views: 3988
Re: Pay off Phone Bill via Amex Platinum or Debit Card?
there’s a thread on this and I outlined the best way to do this - if you time the Amex payment correctly relative to your Verizon billing cycle you can maximize your savings. Because the Amex credit is per calendar month while the Verizon line discount is per billing cycle. You want to apply two months worth of Amex credit on a single Verizon bill cycle, then the next Verizon bill use the typical autopay.bigguy8437 wrote: ↑Wed Jul 22, 2020 10:32 pm Right now Amex is offering $20 month to pay for your phone bill. Verizon offers $5/line, since I have only three lines this may be the only time it makes sense to pay via Amex haha
- Mon Jul 20, 2020 1:56 pm
- Forum: Personal Investments
- Topic: Profit Sharing Options vs Self direct account
- Replies: 10
- Views: 673
Re: Profit Sharing Options vs Self direct account
baseline question is, is the SEP IRA legitimate in the first place
based on the information provided, I'm not sure it is.
If it is not, everything after that is moot.
based on the information provided, I'm not sure it is.
If it is not, everything after that is moot.
- Mon Jul 20, 2020 1:36 pm
- Forum: Personal Investments
- Topic: Profit Sharing Options vs Self direct account
- Replies: 10
- Views: 673
Re: Profit Sharing Options vs Self direct account
My first year I was treated as an independent contractor and paid on K-1. My understanding is that this is all self-emplyed income. I am paid the same way now, but the first year did not have access to the retirement account that I now do as a partner. I don't get it. Form K-1 is to report a partner (in a partnership) or shareholder (in a corporation) share of income. I don't see how if you were not an owner in year one how your income would be reported on a K-1. Typically an independent contractor would have income reported on a 1099. I'm not saying that what you're saying didn't happen, I'm just saying it doesn't make sense. I am not a lawyer nor an accountant. Hopefully someone smarter than me will chime in. Or perhaps you could provide...
- Fri Jul 17, 2020 4:33 pm
- Forum: Personal Investments
- Topic: Profit Sharing Options vs Self direct account
- Replies: 10
- Views: 673
Re: Profit Sharing Options vs Self direct account
who advised you that this was allowable? Were you solely an employee of the practice in 2019? Or were you an independent contractor?familymedicinedoctor wrote: ↑Tue Jun 30, 2020 11:24 am For the first year, I was not a partner and thus could not contribute to the profit sharing plan. Thus I opened at SEP-IRA.
If you were an employee, did you have any other earned income for the year, particularly any self employment earned income?
If you were solely an employee I don't see how you can establish and contribute to a SEP-IRA.
Same problem for 2020, potentially a bigger problem now that you're an owner. You could be putting the group plan in jeopardy with regards to compliance.
- Wed Jul 15, 2020 7:40 pm
- Forum: Personal Investments
- Topic: Maintaining/Contributing to a SEP and a Solo 401k
- Replies: 2
- Views: 275
Re: Maintaining/Contributing to a SEP and a Solo 401k
agree w above But, I am pretty sure a prototype sep ira and solo 401k could run concurrently. Schwab offers a prototype sep If you’re doing a solo k that allows voluntary after tax contributions then it’s not a typical free brokerage plan. In this case, consider using a proper TPA like employee fiduciary. And a competent TPA would be able to guide you in what is kosher and what is not. Now, I would ask. Why maintain two such plans? There is essentially no advantage. Contribution limits will be the same either way, because of the controlled group rules. Especially no advantage if you’re going to do a semi custom 401k anyway. (One advantage of a sep is ability to do Roth conversions, which most solo 401ks don’t allow. But a custom 401k could ...
- Sat Jul 11, 2020 11:54 am
- Forum: Non-US Investing
- Topic: World Bonds or US Treasuries?
- Replies: 16
- Views: 2106
Re: World Bonds or US Treasuries?
ah, my apologies
- Sat Jul 11, 2020 11:46 am
- Forum: Non-US Investing
- Topic: World Bonds or US Treasuries?
- Replies: 16
- Views: 2106
Re: World Bonds or US Treasuries?
BNDW may be a good candidate, if you only want a single ETF
- Fri Jul 10, 2020 3:51 pm
- Forum: Personal Consumer Issues
- Topic: Who is your favorite fiction author and what is your favorite book of theirs?
- Replies: 284
- Views: 30515
Re: Who is your favorite fiction author and what is your favorite book of theirs?
Cormac McCarthy, border trilogy
- Sun Jul 05, 2020 5:38 pm
- Forum: Personal Investments
- Topic: E-Trade and mega backdoor Roth
- Replies: 53
- Views: 7510
Re: E-Trade and mega backdoor Roth
Schwab, Fidelity, E*TRADE, and others can provide a trust account to function as custodian of the money. But that’s a minor issue.
The real issue is the plan document.
There is no mega backdoor Roth capable plan document available for free.
The real issue is the plan document.
There is no mega backdoor Roth capable plan document available for free.
- Sun Jul 05, 2020 12:47 pm
- Forum: Personal Investments
- Topic: E-Trade and mega backdoor Roth
- Replies: 53
- Views: 7510
Re: E-Trade and mega backdoor Roth
If your goal is a mega backdoor plan without paying for a MBDR capable plan document, or going with a proper TPA, I don’t think there’s an option, same as before
- Fri Jul 03, 2020 9:36 am
- Forum: Personal Investments
- Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
- Replies: 47
- Views: 6680
Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?
re Wealthfront shifts that may derail an investor's goals Go to Wealthfront.com and find stock level tax loss harvesting, click learn more from there you can read a little blurb and find the link to read their stock level tax loss harvesting white paper click that link and the first paragraph of the linked page is: Wealthfront no longer offers the Wealthfront 500 (WF500) and Wealthfront 1000 (WF1000) strategies described in this white paper. Clients previously trading these strategies will now trade in the Smart Beta 500 and Smart Beta 1000 strategies, respectively. For information on these updated strategies, see our Smart Beta White Paper. Clients trading in the Wealthfront 100 (WF100) will continue to trade in that strategy. so what used...
- Thu Jul 02, 2020 9:03 pm
- Forum: Personal Investments
- Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
- Replies: 47
- Views: 6680
Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?
With stock level investing does their trading algorithm avoid wash sales?
You could end up with lots of wash sales - defeating them purpose of the auto TLH - especially if you’re frequently adding new money to the account (weekly?) meaning you’re constantly buying.
You could end up with lots of wash sales - defeating them purpose of the auto TLH - especially if you’re frequently adding new money to the account (weekly?) meaning you’re constantly buying.
- Sat Jun 27, 2020 4:33 pm
- Forum: Investing - Theory, News & General
- Topic: lump sum investing vs dollar cost averaging in the present market
- Replies: 66
- Views: 5044
Re: lump sum investing vs dollar cost averaging in the present market
Do you see yourself under just about any circumstances needing this money in the next 5-10 years? no this is for my children or for me say 30 years from now. The point is I saw an article showing that LSI usually outperforms, but when it doesn't, it can underperform a lot compared to DCA. I try to copy the link below. https://ofdollarsanddata.com/wp-content/uploads/2020/02/ls_v_dca_outperformance_24m_U.S.-Stocks.jpeg So with DCA you risk less if things go really wrong. That chart is performance over 24 months. You are investing for 30 years. Do you know what that same chart would look like it were for 30 years and not 24 months? https://actuaryonfire.com/lump-sum-dollar-cost-averaging-investing-part2/ that actuary on fire blog post is wort...
- Sat Jun 20, 2020 11:02 am
- Forum: Investing - Theory, News & General
- Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
- Replies: 64
- Views: 4252
Re: Wiki - Dollar cost averaging: Disagreement with basic premise
If the endpoint of DCA is a lower balance due to both the lower returns and lost time-in-the-market “both” ? those are the same thing. The lower expected returns are due to the time out of the market. Yes, they might be the same thing. I was thinking that being out of the market is different from buying into a rising market and therefore paying (on the average) ever higher prices. You lose by both: having fewer shares in the end and having paid more for the shares you eventually end up with. (And, thinking about it, I guess that's why you have fewer shares!) That ignores missing out on dividends for shares you have not yet bought. the key word you wrote is “rising”. Of course DCA loses in a rising market. But we’re not talking about market...
- Sat Jun 20, 2020 9:42 am
- Forum: Investing - Theory, News & General
- Topic: Wiki - Dollar cost averaging: Disagreement with basic premise
- Replies: 64
- Views: 4252
- Fri Jun 19, 2020 10:07 am
- Forum: Personal Finance (Not Investing)
- Topic: Amex platinum card - $20 streaming and wireless provider credit
- Replies: 38
- Views: 13517
- Fri Jun 19, 2020 10:04 am
- Forum: Personal Finance (Not Investing)
- Topic: Amex platinum card - $20 streaming and wireless provider credit
- Replies: 38
- Views: 13517
Re: Amex platinum card - $20 streaming and wireless provider credit
Losing the Verizon autopay discount is expected if you are making a payment with credit card The Verizon autopay discount is per Verizon billing cycle The Amex credit is per calendar month My plan is to use those facts to my advantage. Now I can not be sure if Verizon would take away the autopay discount if you only make one $20 Amex payment. The way they take away the discount is by applying a charge to your Verizon account in the amount of the discount. It would be great if you could just make a $20 Amex payment and not lose the autopay discount. Verizon is within their right to take away the autopay discount when you make the payment, but I don’t know if they always do. Flyertalk would be the best place to try to find data points on this
- Tue Jun 16, 2020 9:43 am
- Forum: Personal Consumer Issues
- Topic: Outdoor / Patio ceiling fan recommendation?
- Replies: 23
- Views: 1671
Re: Outdoor / Patio ceiling fan recommendation?
have people used outdoor fans on a down rod for a patio?
We’re finishing a covered outdoor living area now which is open on 3 sides and exposed to wind
Electrician recommended ceiling hugger style fan as one on a down rod he advised will sway with wind too much and loosen and eventually become unstable and may damage the under-deck ceiling like a crashing helicopter with blades running into the ground
we do get wind but are in town with mature trees around so somewhat sheilded
A fan on a rod would look more attractive in our space and probably be more comfortable given the ceiling height
We’re finishing a covered outdoor living area now which is open on 3 sides and exposed to wind
Electrician recommended ceiling hugger style fan as one on a down rod he advised will sway with wind too much and loosen and eventually become unstable and may damage the under-deck ceiling like a crashing helicopter with blades running into the ground
we do get wind but are in town with mature trees around so somewhat sheilded
A fan on a rod would look more attractive in our space and probably be more comfortable given the ceiling height
- Mon Jun 15, 2020 11:17 pm
- Forum: Investing - Theory, News & General
- Topic: Small business retirement (Guideline vs Employee Fiduciary)
- Replies: 17
- Views: 2350
Re: Small business retirement (Guideline vs Employee Fiduciary)
What you need is a good Third Party Administrator. One that can walk you through things and present you a proposal, various scenario for a safe harbor plan with profit sharing.
Guideline isn’t really that. They’re fine for a lot of people. But not what you need.
Employee Fiduciary can be what you need.
Vanguard / Ascensus possibly.
I’ve found RPG to be highly knowledgeable.
But an independent TPA could also work. The custodian and recordkeeper functions are easier to source.
PM me if you want and I’ll let you know who our small business uses.
Guideline isn’t really that. They’re fine for a lot of people. But not what you need.
Employee Fiduciary can be what you need.
Vanguard / Ascensus possibly.
I’ve found RPG to be highly knowledgeable.
But an independent TPA could also work. The custodian and recordkeeper functions are easier to source.
PM me if you want and I’ll let you know who our small business uses.
- Wed Jun 10, 2020 12:07 am
- Forum: Personal Consumer Issues
- Topic: How to get back fees paid to telemedicine provider?
- Replies: 56
- Views: 6314
Re: How to get back fees paid to telemedicine provider?
I might have tried to get a friend in the home country to ship MIL her refill
- Mon Jun 08, 2020 4:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Better.com not waiving appraisal
- Replies: 6
- Views: 1229
Re: Better.com not waiving appraisal
I tried a while back to get a refi without appraisal, this would have been at like 50% or less LTV and couldn't find anyone to accomodate.
Partly out of principle I was bothered since house like 5 yr old, made significant improvements in landscaping since initial loan, county appraised value has gone up significantly, and I would come to the refi with lots of cash to bring LTV at less than 50% prior appraised value, much less than 50% loan to tax assessed value
stable job, high income professional, plenty of assets liquid assets to show
appraisal seems just a big waste at that point
Couldn't find a bank to do it.
Partly out of principle I was bothered since house like 5 yr old, made significant improvements in landscaping since initial loan, county appraised value has gone up significantly, and I would come to the refi with lots of cash to bring LTV at less than 50% prior appraised value, much less than 50% loan to tax assessed value
stable job, high income professional, plenty of assets liquid assets to show
appraisal seems just a big waste at that point
Couldn't find a bank to do it.
- Thu Jun 04, 2020 12:32 pm
- Forum: Investing - Theory, News & General
- Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
- Replies: 46
- Views: 4660
Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
Studies are impossible. Retrospective studies and anecdotal evidence is all you can do
but one can look at what happens with other corona viruses and what has happened with similar episodes in the past, SARS and MERS
but one can look at what happens with other corona viruses and what has happened with similar episodes in the past, SARS and MERS
- Wed Jun 03, 2020 11:37 pm
- Forum: Personal Investments
- Topic: Moving solo 401k from E-Trade to TDA
- Replies: 18
- Views: 2087
Re: Moving solo 401k from E-Trade to TDA
can you open a biz brokerage acct at E*TRADE and use that as a transfer conduit to avoid checks and wasted time?
E*TRADE has always treated us well and we have individual and Corp investment accounts there.
E*TRADE has always treated us well and we have individual and Corp investment accounts there.
- Wed Jun 03, 2020 11:13 pm
- Forum: Investing - Theory, News & General
- Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
- Replies: 46
- Views: 4660
Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
One of the challenges in interpreting such statements is almost every doctor always assumes, out of an abundance of caution, that pregnancy is a risk factor for any and everything for which there is not abundant research indicating low risk. Likewise there isn't any research supporting that Covid-19 does not pose a pregnancy and fetal risk. When met with unknown virus it is extremely irresponsible to recommend pregnant women to continue working and pretend like nothing happened. you realize such research is impossible right? “extremely irresponsible” is ridiculous. The pregnant doctors, nurses, techs, and administrators in our hospitals (I work with several) would be offended if we told them to all go home and shelter in place. Really? Bec...
- Wed Jun 03, 2020 9:42 pm
- Forum: Investing - Theory, News & General
- Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
- Replies: 46
- Views: 4660
Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
you realize such research is impossible right?Blue456 wrote: ↑Wed Jun 03, 2020 9:21 pmLikewise there isn't any research supporting that Covid-19 does not pose a pregnancy and fetal risk. When met with unknown virus it is extremely irresponsible to recommend pregnant women to continue working and pretend like nothing happened.iamlucky13 wrote: ↑Tue Jun 02, 2020 11:43 pm
One of the challenges in interpreting such statements is almost every doctor always assumes, out of an abundance of caution, that pregnancy is a risk factor for any and everything for which there is not abundant research indicating low risk.
“extremely irresponsible” is ridiculous. The pregnant doctors, nurses, techs, and administrators in our hospitals (I work with several) would be offended if we told them to all go home and shelter in place.
- Wed Jun 03, 2020 8:25 pm
- Forum: Personal Investments
- Topic: Moving solo 401k from E-Trade to TDA
- Replies: 18
- Views: 2087
Re: Moving solo 401k from E-Trade to TDA
if it’s only an issue once employee deferral is maxed out why not simply not max out employee deferral until final payroll?
- Tue Jun 02, 2020 6:17 pm
- Forum: Investing - Theory, News & General
- Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
- Replies: 765
- Views: 50370
Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used
but that's kinda the point, considering leverage irrelevant to the topic I would consider to be a "mental accounting bias"
- Tue Jun 02, 2020 5:19 pm
- Forum: Investing - Theory, News & General
- Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
- Replies: 765
- Views: 50370
Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used
unrelated?
as in some money is fungible, but not all money?
- Tue Jun 02, 2020 5:03 pm
- Forum: Investing - Theory, News & General
- Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
- Replies: 765
- Views: 50370
Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used
And one should understand that if they have any debt, then they are investing with leverage. Because money is fungiblebertilak wrote: ↑Tue Jun 02, 2020 4:58 pmOne can better manage one's behavior if one understands what one is doing.getthatmarshmallow wrote: ↑Tue Jun 02, 2020 4:53 pm I disagree, because part of investing is managing one's behavior, and for many , DCA makes it less likely that they'll panic if the market drops after a big purchase. So it's not just mental accoutiny - more like a small fee for behavior insurance.
Another “mental accounting bias” OP seems to ignore
- Tue Jun 02, 2020 11:48 am
- Forum: Investing - Theory, News & General
- Topic: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
- Replies: 46
- Views: 4660
Re: DR recommending i stay home from work for entire 3ed trimester of Pregnant Fiancé
as a consumer of health care and medical advice it is always good practice to try to see if what is being recommended makes sense
A good place to start would be ACOGs covid 19 resource page
https://www.acog.org/en/Topics/COVID-19
I perused and didn’t see any sort of recommendation that would suggest the advice you’re receiving is standard of care, or evidence based
A good place to start would be ACOGs covid 19 resource page
https://www.acog.org/en/Topics/COVID-19
I perused and didn’t see any sort of recommendation that would suggest the advice you’re receiving is standard of care, or evidence based
- Tue Jun 02, 2020 9:57 am
- Forum: Investing - Theory, News & General
- Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
- Replies: 765
- Views: 50370
Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used
you would never get out of the pool via the diving board though right? Therefore, you should only enter the pool via the staircase.retired@50 wrote: ↑Mon Jun 01, 2020 11:50 pm While many or most agree that lump sum is better than DCA, can all agree that DCA is better than not investing?
I view it like this. Do I use the diving board or the staircase to enter the pool? Either way, what matters is that I get in the pool.
Regards,