Search found 211 matches

by Count of Notre Dame
Wed Aug 05, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

Rebalancing : https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2000&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=100000&annualOperation=1&annualAdjustment=5000&inflationAdjusted=false&annualPercentage=0.0&frequency=2&reba...
by Count of Notre Dame
Wed Aug 05, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

What I was thinking of doing is always buying in with new purchases at 2x, but otherwise letting the portfolio float unless I reach a level that could trigger a margin call in which I would use the lines of credit as a cash influx to avoid that. The monthly cash influxes would be pushing the portfo...
by Count of Notre Dame
Tue Aug 04, 2020 10:26 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8601

Re: Are Financial Advisors a Complete and Total Waste of Money?

count - that is an expensive financial advisor/marriage counselor, but sounds like it is well worth the investment if that is what it takes to keep the wife on board. You're telling me! She's so convinced her company is the next Berkshire that she has borrowed from her 401k, borrowed on credits, HE...
by Count of Notre Dame
Tue Aug 04, 2020 10:05 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 8601

Re: Are Financial Advisors a Complete and Total Waste of Money?

My best friend and his wife decided to go with a financial advisor despite them both being financially savvy. His reasoning was he wanted another opinion to agree with him to persuade his wife to start divesting her company shares (more than 50% net worth tied up in one single stock). So far it's wo...
by Count of Notre Dame
Tue Aug 04, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

So I just upgraded my IBKR account to margin and thinking about leveraging as I'm only 29 years old. My issue is that 2/3 of my assets are currently in tax-deferred accounts with no option for leveraging up and the other 1/3 on IBKR. There is no safe way to approach this. If I want 125% overall sto...
by Count of Notre Dame
Tue Aug 04, 2020 9:55 pm
Forum: Investing - Theory, News & General
Topic: Leverage Success Stories
Replies: 73
Views: 11277

Re: Leverage Success Stories

I borrowed $300k from my HELOC @ 5% to buy TSLA at ~$211 on 2x margin last summer. I sold TSLA at $1,487 for a LT cap gain of $3.6M after paying off the margin loan and HELOC balances. Just kidding. Now that I have your attention, I have noticed using the Portfolio Visualizer that monthly rebalancin...
by Count of Notre Dame
Tue Aug 04, 2020 11:44 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 57
Views: 3315

Re: IRS refund delay

I logged into the track my refund app and received this message: "We received your tax return and it is being reviewed. You will receive a notice from us requesting you to provide additional information within 30 calendar days. You may not receive all or part of your refund until we receive and rev...
by Count of Notre Dame
Tue Aug 04, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

What I was thinking of doing is always buying in with new purchases at 2x, but otherwise letting the portfolio float unless I reach a level that could trigger a margin call in which I would use the lines of credit as a cash influx to avoid that. The monthly cash influxes would be pushing the portfo...
by Count of Notre Dame
Mon Aug 03, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

Sorry I thought you meant leveraged ETFs. Do you have any recommendation for solid index ETFs besides the total stock market index? I already hold the total stock market index in my IRA and 401ks so I wouldn't be able to hold it in my brokerage account and also do tax loss harvesting (I would have ...
by Count of Notre Dame
Mon Aug 03, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

Sorry I thought you meant leveraged ETFs. Do you have any recommendation for solid index ETFs besides the total stock market index? I already hold the total stock market index in my IRA and 401ks so I wouldn't be able to hold it in my brokerage account and also do tax loss harvesting (I would have ...
by Count of Notre Dame
Sun Aug 02, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

My debt is not callable so there is no wipe-out, no liquidation. I just pay the interest (like a mortgage). My plan is the same as every Boglehead. I buy and I hold through the downturns. I can leverage all I want (say 5:1) and there's no issues on that front. It's basically a mortgage except the m...
by Count of Notre Dame
Wed Jul 29, 2020 9:58 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

@OP -- what is your plan if the market tanks in the first years of leverage and you are wiped out? Maybe you answered this, but I didn't see it. My debt is not callable so there is no wipe-out, no liquidation. I just pay the interest (like a mortgage). My plan is the same as every Boglehead. I buy ...
by Count of Notre Dame
Tue Jul 28, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1029
Views: 96255

Re: Lifecycle Investing - Leveraging when young

@OP -- what is your plan if the market tanks in the first years of leverage and you are wiped out? Maybe you answered this, but I didn't see it. My debt is not callable so there is no wipe-out, no liquidation. I just pay the interest (like a mortgage). My plan is the same as every Boglehead. I buy ...
by Count of Notre Dame
Fri Jul 24, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5062

Re: Pros and cons of buying a big house

The novelty of owning a big house wears off really quick. I've never owned a mansion, but my wife and I rented a ~ 4K square foot house on a lake for 3 years that was about 1.5 times as big as the previous house we owned. It was beautiful house and we enjoyed our stay, but what we found was that we...
by Count of Notre Dame
Fri Jul 24, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of buying a big house
Replies: 60
Views: 5062

Re: Pros and cons of buying a big house

This has been especially handy during Covid. We have: 1) a home gym which I now use every day in addition to running outside 2) two offices (for when my wife does telemedicine since I WFH every day now) 3) a casita for my sister to stay full time to watch our children as our daycare and it offers he...
by Count of Notre Dame
Wed Jul 22, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 57
Views: 3315

Re: IRS refund delay

I've been audited before, but never before paying my tax bill (or receiving a refund)! I filed early June and haven't received the IRS letter yet This has happened to me a couple of times. Both times were flagged for more documentation. It isn't a big deal if you have documentation when they questi...
by Count of Notre Dame
Wed Jul 22, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 57
Views: 3315

Re: IRS refund delay

I logged into the track my refund app and received this message: "We received your tax return and it is being reviewed. You will receive a notice from us requesting you to provide additional information within 30 calendar days. You may not receive all or part of your refund until we receive and rev...
by Count of Notre Dame
Wed Jul 22, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 57
Views: 3315

Re: IRS refund delay

I logged into the track my refund app and received this message: "We received your tax return and it is being reviewed. You will receive a notice from us requesting you to provide additional information within 30 calendar days. You may not receive all or part of your refund until we receive and revi...
by Count of Notre Dame
Fri Jul 10, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Early Payoff Bonus ($4.5k!)
Replies: 3
Views: 855

Re: Student Loan Early Payoff Bonus ($4.5k!)

I wanted to share that I refinanced my wife's student loans over a year ago with First Republic bank, just looking for the lowest rate possible (2.1% on 5-year $230k balance). I was not interested in the fine print at the time. Fast forward a year later and with a high savings rate (coupled with a ...
by Count of Notre Dame
Fri Jul 10, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Early Payoff Bonus ($4.5k!)
Replies: 3
Views: 855

Re: Student Loan Early Payoff Bonus ($4.5k!)

I did check in with my personal banker first, primarily because I did a loan modification (to lower my required monthly payment) after making a large payment and I wanted to make sure the loan mod didn't impact my bonus. The calculation is pretty simple (2% of original loan balance), but only up to ...
by Count of Notre Dame
Tue Jul 07, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 9781

Re: Share your budget

Here is our monthly budget in a HCOL. The net cash flow per month does not include bonuses (we save 100% of those). Monthly budget After-tax cash flow - $35,000 Credit card spend - $12,000 Mortgage - $6,450 Private school for two kids - $2,500 Supporting my sister - $2,000 Utilities / repairs - $2,0...
by Count of Notre Dame
Mon Jul 06, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Does the 4% rule ignore taxes?
Replies: 8
Views: 627

Re: Does the 4% rule ignore taxes?

Taxes should be included in the calculations. 25% is an extremely high effective tax rate in retirement. I seriously doubt you'll pay that much. Capital gain tax rates is only 15%, and that's only on gains. If you pull $50,000 from a taxable account, some of that will be principal (money that was a...
by Count of Notre Dame
Mon Jul 06, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Does the 4% rule ignore taxes?
Replies: 8
Views: 627

Does the 4% rule ignore taxes?

Hi Everyone, Most in the FIRE community are familiar with the 25x annual spending metric as a measure of financial independence. One thing I've been looking at lately is whether that completely ignores taxes. If you withdraw 4% of your portfolio to meet your annual spending requirements, that is a b...
by Count of Notre Dame
Thu Jun 25, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 35
Views: 4046

Re: Follow our journey to retirement

Would love to hear about your experience investing in (SFH?) real estate! My wife and I were taught from a young age that wealth comes assets and not selling your time, so we both stretched to buy homes when we got our first jobs out of school years before we met. My home was 266k and hers was 80k....
by Count of Notre Dame
Wed Jun 24, 2020 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What loan product to choose?
Replies: 4
Views: 219

Re: What loan product to choose?

I would choose the 10/1 ARM. You're paying too much of a premium for those guaranteed 6 years after the fixed rate period is up. The likelihood of you staying in this particular house is probably 50/50 (most Americans move every 7 years, and it seems more often than that with the younger generation).
by Count of Notre Dame
Tue Jun 23, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 35
Views: 4046

Re: Follow our journey to retirement

Would love to hear about your experience investing in (SFH?) real estate!
by Count of Notre Dame
Mon Jun 22, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for a burnt out CPA
Replies: 42
Views: 4609

Re: Career advice for a burnt out CPA

Hi all, I graduated from UW-Madison in 2015 with a BBA in accounting and management/human resources. I liked accounting my first two years of college then started hating it but was so close to a degree that I finished up after changing my major to management/HR. Fast forward...I’ve been working in ...
by Count of Notre Dame
Sat Jun 20, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Early Payoff Bonus ($4.5k!)
Replies: 3
Views: 855

Student Loan Early Payoff Bonus ($4.5k!)

I wanted to share that I refinanced my wife's student loans over a year ago with First Republic bank, just looking for the lowest rate possible (2.1% on 5-year $230k balance). I was not interested in the fine print at the time. Fast forward a year later and with a high savings rate (coupled with a h...
by Count of Notre Dame
Thu Jun 18, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Finding the best rate - SoCal jumbo mortgage
Replies: 25
Views: 1631

Re: Finding the best rate - SoCal jumbo mortgage

First Republic

U.S. Bank

Bank of America
by Count of Notre Dame
Mon Jun 15, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan for California residents, fully tax free?
Replies: 2
Views: 438

Re: 529 plan for California residents, fully tax free?

You do not receive an income tax deduction as a California resident, which is an added bonus for other states.

https://www.savingforcollege.com/articl ... ally-worth
by Count of Notre Dame
Mon Jun 15, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Do you reward yourself for achieving a financial goal?
Replies: 167
Views: 12161

Re: Do you reward yourself for achieving a financial goal?

I rewarded myself with a much nicer house than most at our level of income because we are still seeing our net worth steadily climb and will reach our FI goal well before age 50.
by Count of Notre Dame
Fri Jun 12, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1672
Views: 421804

Re: Share your net worth progression

Age: 45, Spouse 44, 2 kids Dec 1999: Graduated college with $2000 savings. No debt. Fortunate tuition was paid by very frugal parents. Very inexpensive college 2000: $10K (felt amazing hitting the first milestone, my salary was $40K, spouse (fiance then) $50K) 2001: 35K 2002: $50K (Lost job due to ...
by Count of Notre Dame
Wed Jun 10, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this mortgage
Replies: 24
Views: 2110

Re: Can we afford this mortgage

For reference our income was about $500k per year at the time we bought our $2M home with 20% down. We are frugal in some areas (eating out, travel) and not in others (wine) with two young children anyway and it was not a stretch for our budget. YMMV.
by Count of Notre Dame
Mon Jun 08, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: [IRS tax filing deadline moved to July 15]
Replies: 60
Views: 4176

Re: [IRS tax filing deadline moved to July 15]

Anyone else still waiting to file even if they have finished their tax return?
by Count of Notre Dame
Sun Jun 07, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Are you waiting to file tax return based on Heroes Act?
Replies: 3
Views: 431

Re: Are you waiting to file tax return based on Heroes Act?

livesoft wrote:
Sun Jun 07, 2020 11:20 am
Always October, baby. October, act or not.
You still have to pay your estimated bill by April 15 (normally) right? I owe a decent amount on my federal return this year, but the repeal of the SALT cap would basically wipe out the bill.
by Count of Notre Dame
Sun Jun 07, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Are you waiting to file tax return based on Heroes Act?
Replies: 3
Views: 431

Are you waiting to file tax return based on Heroes Act?

Is anyone out there waiting to file your taxes based on whether the Heroes Act will pass with it's provisions to repeal the SALT cap? I suppose we have not reached the deadline yet (July 15), so is there any point in filing taxes now?
by Count of Notre Dame
Thu Jun 04, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4507
Views: 310002

Re: Refinance Mega Thread

I was offered a loan modification with my current bank (First Republic) for a $3k fee on a $1.5M 7/1 ARM at 2.75% (80 LTV). I took the deal as it matched the best refinance offer I received from US Bank and the payoff period for the $3k fee is 3 months. By making the same monthly payment I'll save ~...
by Count of Notre Dame
Wed Jun 03, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1672
Views: 421804

Re: Share your net worth progression

Is flaunting net worth in vogue, especially in these times? Reminds me when someone post, something like "can I buy this used toyota camry?" and states they have $10 million in blah blah blah funds. I wouldn't consider this forum to be flaunting. If you wanted to flaunt your wealth you'd record a s...
by Count of Notre Dame
Fri May 29, 2020 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4507
Views: 310002

Re: Refinance Mega Thread

ray.james wrote:
Fri May 29, 2020 3:36 pm
Count of Notre Dame wrote:
Fri May 29, 2020 3:22 pm
Just locked a 7/1 ARM at 2.75% "no cost" with US bank for a jumbo mortgage (~$1.5M). I live in California.
That is an awesome rate for refinance. Congrats. What is LTV?
80 LTV - I purchased the house a year ago and put down 20%. Hoping it hasn't depreciated!
by Count of Notre Dame
Fri May 29, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4507
Views: 310002

Re: Refinance Mega Thread

Just locked a 7/1 ARM at 2.75% "no cost" with US bank for a jumbo mortgage (~$1.5M). I live in California.
by Count of Notre Dame
Tue May 26, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18323

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I have experienced bullies and cliques throughout my life and it's been helpful to have not been sheltered from them as they don't go away after high school. I'd rather my kids had coping skills than avoidance skills. This is an unpopular opinion I know. As long as the way to cope / avoid does not ...
by Count of Notre Dame
Tue May 26, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18323

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Me and SO make 450K before taxes and we have a kid who will soon hit the age for preschool/school. The public school in our district is not very good for elementary so it's not an option. What do you want your child to get out of elementary school? What does "not very good" mean to you? I think the...
by Count of Notre Dame
Mon May 18, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4507
Views: 310002

Re: Refinance Mega Thread

Closed on a refinance on Monday for 2.85% for a 30-year fixed at First Republic. Locked in mid-March, right as the SIP orders were coming in, finally closed (~50 day closing). Rate: 2.85%, 30-year fixed Points: None Closing Costs: ~$2500 third party costs and recording costs (waived $600 originatio...
by Count of Notre Dame
Sat May 02, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: What are you doing differently this year?
Replies: 41
Views: 3659

Re: What are you doing differently this year?

I recently added up my monthly grocery spending and I was surprised to see how much I was spending. So my goal is to stop stockpiling food and use up what I have already. And that led me to start asking myself about other purchases, “need or want?” ...and start saving even more money. I like this. ...
by Count of Notre Dame
Thu Apr 30, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1672
Views: 421804

Re: Share your net worth progression

Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k. 401k - $98,000 Student loan principal - $45,600 Mortgage principal - $36,780 Backdoor IRAs -...
by Count of Notre Dame
Wed Apr 29, 2020 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1672
Views: 421804

Re: Share your net worth progression

augryphon wrote:
Wed Apr 29, 2020 11:17 am
In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
by Count of Notre Dame
Wed Apr 29, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1672
Views: 421804

Re: Share your net worth progression

Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k. 401k - $98,000 Student loan principal - $45,600 Mortgage principal - $36,780 Backdoor IRAs - ...
by Count of Notre Dame
Wed Apr 29, 2020 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 134
Views: 14257

Re: Spreadsheets - Out of here!

I maintain just one spreadsheet. It is a google sheet I fill out by hand once per month and it lists all of my assets and liabilities to track my net worth progress. By hand? Does that take a lot of time? Takes about 5 minutes and it has an added bonus of forcing me to stay current on my login pass...
by Count of Notre Dame
Tue Apr 21, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4507
Views: 310002

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?