Search found 271 matches

by ChowYunPhat
Sat May 30, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 57
Views: 5454

Re: Can my wife and I afford a $600K + house?

Just want to add that oftentimes the first year of home ownership is very expensive. Previous owners may have deferred maintenance or done sub par repairs that need to be fixed. Even if the house is in great condition and well-maintained, there are things you won't notice that you want to fix/chang...
by ChowYunPhat
Fri May 29, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 2933
Views: 227698

Re: Refinance Mega Thread

orangecrushv wrote:
Thu May 28, 2020 1:18 pm
Closed my 2.5% 15-year with Northpointe today. (Started the process on 4/15.) Only out of pocket cost was the Title Insurance.
OrangeCrushv, can you tell me which state you did your refi? That's a great outcome.
by ChowYunPhat
Fri May 29, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 152
Views: 10355

Re: Simple jobs during FATFire?

Buy a 12 unit apartment building Or better yet, 32 units. Self manage and cut the lawns yourself. That’ll keep you busy.😬 j🌺 Sandtrap, you're my kind of guy. To the OP. If you're needing money then recommend working longer. If you're needing activities, volunteer work is extremely fulfilling. You m...
by ChowYunPhat
Fri May 29, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Learning about bank promotions that pay you to transfer money.
Replies: 5
Views: 446

Re: Learning about bank promotions that pay you to transfer money.

Here are a few websites that will do just that: https://www.hustlermoneyblog.com/best-bank-promotions/ https://www.moneysmylife.com/bank-promotions/ https://www.doctorofcredit.com/best-bank-account-bonuses/ Thanks for posting this Jeff1949. I knew about the Dr of Credit but not the others. Will add...
by ChowYunPhat
Wed May 13, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 11435

Re: Dentist charges $10 for PPE

It's all negotiable. We recently negotiated the following with our dentist. Composite crown upcharge. Insurance only pays for metal. We asked the dentist to eat the difference and they agreed. Negotiated $1,000 off of orthodontia Don't be afraid to ask for reductions. You can do this in a polite way...
by ChowYunPhat
Mon May 11, 2020 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7393

Re: Layoff Imminent, seeking guidance.

I work for a large corporate company in an industry that has been very hard hit by the covid-19 shut down. Management has been very transparent that deep cuts would be necessary to the workforce, but not likely before July. However, last night when looking at my HSA account it seems the company has...
by ChowYunPhat
Wed May 06, 2020 3:20 pm
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1360

Re: Home brewing recommendations

Another idea: if you have a local or nearby brew club, you will have opportunities to join in and help others on their brew days. You can get a feel for the hobby without spending money up front. I highly recommend this approach. This may be the best advice thus far. Start learning with some experi...
by ChowYunPhat
Wed May 06, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1360

Re: Home brewing recommendations

lazydavid wrote:
Wed May 06, 2020 12:09 pm
Tons of options all across the spectrum, from extract brewing you can do in a large pot on your stove, all the way up to 3-vessel HERMS system with full automation, like a scaled down version of a regular brewery.
Lots of great stuff in your post lazydavid. Thanks for all of the great guidance.
by ChowYunPhat
Wed May 06, 2020 3:12 pm
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1360

Re: Home brewing recommendations

Look up Brew in Bag homebrewing. Its what I do exclusively and turn our great beer. Brew in bag is easier with less cleanup than traditional 2 or 3 pot brewing. For 5 gal batches all you need is a 10 gal pot, burner, mesh bag, fermenter bucket, various tubes, and a few other small odds and ends. Bo...
by ChowYunPhat
Wed May 06, 2020 3:08 pm
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1360

Re: Home brewing recommendations

For the detailed advice/procedures I'd get a book, or there are probably websites. My 2 cents: I brewed for a few years ages ago before the craft beer renaissance arrived. Washing bottles is a huge pain, as is carbonating in the bottle. I ended up getting a soda keg/CO2 setup. The good news there i...
by ChowYunPhat
Wed May 06, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Home brewing recommendations
Replies: 25
Views: 1360

Home brewing recommendations

For those of you who have delved into the hobby of home brewing, how did you go about this? I'm considering giving it a shot and enjoy craft beers. The excess time I have at home demands a hobby for the sake of my sanity. Several questions for today's home brewers What types of equipment / kits woul...
by ChowYunPhat
Sun May 03, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: Share your Re-Balancing Strategy
Replies: 25
Views: 1713

Re: Share your Re-Balancing Strategy

I am reviewing my IPS and the section on re-balancing has always been a weak spot in terms of my understanding of best practices. I appreciate this comment. My IPS describes allocations but doesn't go into great detail into the mechanics of rebalancing. At this time, I'm overweight cash by 5% and a...
by ChowYunPhat
Sat May 02, 2020 3:45 pm
Forum: Personal Investments
Topic: One million for 6-24 months
Replies: 2
Views: 687

Re: One million for 6-24 months

I would do Capital One. They have both branches and a nice online presence with a healthy 1.5% savings account with no fees. Believe there is a signup bonus of $500 for a $50K deposit over 90 days. The 1.5% is best I've seen at this time with MMs below 1% these days. Not sure how long that will last...
by ChowYunPhat
Mon Apr 20, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10357

Re: Laid off!!

1. I'm hurt, deeply hurt. I was lied to and someone got rid of me to look good, and maybe earn a bonus. The trust I had on small company management, as compared to mega-corps, has been shaken. How do these wounds heal? 5. Do I stand a chance if I decide to sue them? I will refuse to sign the severa...
by ChowYunPhat
Fri Apr 17, 2020 10:19 am
Forum: Personal Investments
Topic: Anyone preparing to sell all their stock holdings to raise cash?
Replies: 36
Views: 3214

Re: Anyone preparing to sell all their stock holdings to raise cash?

We've been tilting towards more cash for about a year, and with the obvious drop in equities we're probably 8-9% in cash at this time. The additional cash is an added blessing as we work in an industry that would be considered a high risk to labor. I'm not sure if we'll make it out of this unscathed...
by ChowYunPhat
Wed Mar 18, 2020 8:52 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 194713

Re: Optimism amongst the panic and worry

Love this. More good news: I'm an advisor for a national lab - we begin COVID-19 testing Friday. More good news: plasma from previously infected individuals is being used to give antibodies to others Possible good news: due to increased awareness of hygiene, it is projected next year's flu season wi...
by ChowYunPhat
Mon Mar 16, 2020 8:24 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8357

Re: Who is continuing to buy as planned?

Continuing with DCF strategy. Tempted to think I'm smarter than market at times but a little reflection on past mistakes usually helps correct that thinking. :) I won't touch our emergency fund though, because we really might need it. Thinking this too and will do likewise. Hoping that we won't need...
by ChowYunPhat
Sun Mar 15, 2020 8:35 am
Forum: Personal Investments
Topic: My dad says I should pull out of the market before "they" steal it all
Replies: 113
Views: 8305

Re: My dad says I should pull out of the market before "they" steal it all

This will sound overly harsh, but it's perspective and hope you'll consider it. If I read some of the previous threads correctly, your father is borrowing money from his son (you) because he is otherwise unable to obtain the money through lending institutions (bad credit, no credit, ?). Is this some...
by ChowYunPhat
Sat Mar 14, 2020 4:19 pm
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 26573

Re: Who is staying course and how are you dealing with net worth going down?

We've been a little heavier in cash so may up our DCF amount or frequency, but haven't decided. With any recession or bear market you risk job loss as some of the other posters have mentioned so having a little more cash not always bad in this circumstance. Sequence of returns risk applies here as w...
by ChowYunPhat
Mon Mar 02, 2020 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Worth using a CPA for my taxes this year?
Replies: 39
Views: 2693

Re: Worth using a CPA for my taxes this year?

Your withholding should be on your W2 if you selected net shares, which it sounds like you did. What likely happened is your cost basis was not reported to IRS and there is a supplemental form at the back of your 1099B that shows the cost basis information on your RSUs. If you don't enter this infor...
by ChowYunPhat
Sat Feb 29, 2020 7:01 pm
Forum: Personal Investments
Topic: I bet the house. [Rebalanced portfolio to a 10/90 asset allocation]
Replies: 255
Views: 10142

Re: I bet the house.

You did all of this because of a virus that 80+% of its “victims” have symptoms that are so mild they don’t even know they have it. Wow. From what I've read the mortality rate is 10-15% if you're >70 years old and have other pre-existing conditions especially a chronic respiratory illness. Anyone c...
by ChowYunPhat
Sat Feb 29, 2020 9:09 am
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13723

Re: Do you ever use cash?

Toll booths, valet, flea markets, and especially when traveling internationally. Try to minimize the use of cash for tracking purposes, but would probably be tough for me to eliminate it completely from my life.
by ChowYunPhat
Sat Feb 29, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: Millionaire Next Door compared to Dave Ramsey research
Replies: 31
Views: 4148

Re: Millionaire Next Door compared to Dave Ramsey research

I read both the MND and the Millionaire Mind. It seemed these were different books in a couple of regards. MND covered millionaires very broadly when it was written, and shared data around the majority of millionaires who were in the $1MM-$3MM range including vocation, habits, and other demographic ...
by ChowYunPhat
Sat Feb 08, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Use same lawyer to update trust and other estate documents?
Replies: 7
Views: 543

Re: Use same lawyer to update trust and other estate documents?

Our revocable trust (created 8 years ago) needs to be updated (no longer own a house, wish to tweak how beneficiaries get allocated, make changes if necessary accounting for new tax law, etc.). I would grade the law firm we used as just OK (knowledgeable but as I think back too "salesy"). Is it typ...
by ChowYunPhat
Sat Feb 08, 2020 8:59 am
Forum: Personal Investments
Topic: How does my plan look? $1 million income.
Replies: 53
Views: 8955

Re: How does my plan look? $1 million income.

So I plan to stay 100% stocks until I reach a net worth of $4 million (excluding residence). Then I plan to go 90% stocks (combo of 70% VTSAX and 30% VTIAX) and 10% bonds. Also, I plan to pay off my house gradually w/ 5% of my annual saving (in addition to my mortgage) after reaching a net worth of...
by ChowYunPhat
Sat Feb 08, 2020 8:39 am
Forum: Personal Investments
Topic: Is it worthwhile to contribute to 401k without match
Replies: 29
Views: 2885

Re: Is it worthwhile to contribute to 401k without match

With a 73k salary, you are just about at the point where, if you defer the max to the 401k plan, you land in the 12% bracket. The upside of deferring the max to the 401k plan is that, assuming you are in a state with 5% state tax, you get the Roth IRA almost for free with the tax savings. Are you a...
by ChowYunPhat
Sat Feb 08, 2020 8:36 am
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 103
Views: 8069

Re: What do you/did you spend your bonus on?

Each year bonus goes 90% towards saving and investing. That might be some combination of debt payoff acceleration or more in taxable. We allow ourselves a few treats which typically look like a nice dinner out or a computer upgrade. I guess you could say we "spend" our bonus on freedom. Each year we...
by ChowYunPhat
Sat Feb 01, 2020 1:13 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 7050

Re: My Sis is going to Ray James, is this fee right?

She decided to go there because her husband's "guy" has been doing pretty well for my BIL. -------------- I'd love to see how my BIL's portfolio did last year but I don't think asking would be good for family relations. Everyone was a genius in 2019. S&P 500 up 30%. ....show a portfolio compounding...
by ChowYunPhat
Fri Jan 24, 2020 5:31 am
Forum: Personal Finance (Not Investing)
Topic: I am not very good at my job
Replies: 48
Views: 8001

Re: I am not very good at my job

it truly is a dream job. And yet I just don’t feel like I’m doing well, at all. This is a rare gift. Most people work to eat and pay the bills. It is glorious to work in a field and place where you feel valued and enjoy the work. Let's just start with the fact that you like what you're doing, and y...
by ChowYunPhat
Fri Jan 24, 2020 5:17 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 27397

Re: Sad news: LadyGeek's husband has passed

So sorry for your loss LadyGeek and prayers with you and family. I appreciate you helping keep the forum civil, even when that means I'm corrected from time to time.
by ChowYunPhat
Tue Jan 21, 2020 8:07 pm
Forum: Personal Consumer Issues
Topic: Chase Bank Bonus Issue
Replies: 43
Views: 3446

Re: Chase Bank Bonus Issue

I've been denied bonus and I've received bank bonuses at Chase. Denial has always been in the fine print...things like signing up for more than one promotion in a year or not holding sufficient assets over the required holding period. Tough break and I know it's annoying.
by ChowYunPhat
Mon Jan 20, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Is home ownership a whole life policy?
Replies: 42
Views: 3220

Re: Is home ownership a whole life policy?

An interesting take WL vs. home ownership although I think the comparison quickly falls apart. While almost everyone would consider shelter a "need", no one would consider a WL policy a need. The next consideration to shelter is buying vs. renting. There are trade offs to both which are mostly obvio...
by ChowYunPhat
Mon Jan 20, 2020 12:45 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16633

Re: Chase $750 for depositing 75K

It was roughly 100 days after funding. Believe the commitment is 10 days after the 90 day funding anniversary. Your account needs to be linked and upgraded to Sapphire the entire time.
by ChowYunPhat
Sun Jan 19, 2020 7:08 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16633

Re: Chase $750 for depositing 75K

Leesbro63 wrote:
Sun Nov 17, 2019 9:47 am
Is the Chase $1000 offer still on?
It looks like the chase offer is still on at https://accounts.chase.com/consumer/ban ... rechampion and has been extended to March 6.

I am following up that Chase followed through and my $1,000 bonus was paid out recently.
by ChowYunPhat
Mon Jan 13, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Which Tax Software
Replies: 23
Views: 2502

Re: Which Tax Software

freetaxusa.com They are more of a "get to the point" type and much cheaper than the big players out there (HR Block, TurboTax) This. Have been using FreeTaxUSA for a couple of years now and works great. Completely free federal efile as well. Highly recommend after my experience with HRB and Taxact.
by ChowYunPhat
Sun Jan 12, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity cost of helping out relatives
Replies: 54
Views: 5000

Re: Opportunity cost of helping out relatives

Be careful. You're rich compared to them. You say its a 20x difference between your home country and here. Let's pretend you make $1,000,000/yr. Would you give a 33 year old cousin in the United States $140,000 to fix up his house? Nothing wrong with helping out family. You just don't want to alter...
by ChowYunPhat
Sat Jan 11, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Sprint service?
Replies: 19
Views: 1228

Re: Sprint service?

I would switch to Verizon prepaid. This is $35/month autopay and no credit check is required. They will FedEx a sim card to you if you have an unlocked phone and you can port an existing phone number over. We just signed up for this and works like a charm...no complaints. We are using an iphone 6 un...
by ChowYunPhat
Wed Jan 01, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5164

Re: To what do you owe your ability to forego spending now and save for your future?

Love this thread. Thinking back, it's been a lifetime of lessons that have helped prepare my family to forego spending and save. I'm not sure if "fear" is the right word, but we know what lack looks like and are partially motivated to prepare for both our future and potential periods of lack. 1. Ble...
by ChowYunPhat
Wed Jan 01, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: [Announcement for upcoming 2020 Boglehead Contest]
Replies: 73
Views: 4009

Re: 2020 Boglehead Contest

3517.8

Looking for the drop the mic emoji....
by ChowYunPhat
Tue Dec 31, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Coin Donation IRS Paper Trail
Replies: 18
Views: 1153

Re: Coin Donation IRS Paper Trail

You and the charity are probably still better off if you donate the coins in kind to the charity. This argument could apply to other unique or less liquid assets that could be donated. If you sell before hand and incur taxes, the proceeds received by the charity could potentially be less than the va...
by ChowYunPhat
Mon Dec 30, 2019 3:22 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1492
Views: 198685

Re: 1 Million Milestone

Congrats Agent9! Awesome accomplishment and worth celebrating. :sharebeer
by ChowYunPhat
Mon Dec 30, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for a newly married late 30's couple
Replies: 6
Views: 846

Re: Financial advice for a newly married late 30's couple

Couple of suggestions on questions 1 and 2. Otherwise, nice job Maverick and congrats on the recent marriage...you guys are doing just fine. 1) How much 20 year term insurance should I buy? Any suggestions on who to go through? I would recommend $500K. Together with your employer policy of $400K, ex...
by ChowYunPhat
Sun Dec 29, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Goodbye USAA
Replies: 72
Views: 9246

Re: Goodbye USAA

You purchase auto insurance for your car, a rapidly depreciating asset. Your cost to insure this rapidly depreciating asset increases every year with pretty much every insurer, provided you stay with the same insurer. This is all you need to know about the insurance industry. As WhoDidntAnte suggest...
by ChowYunPhat
Sat Dec 21, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: Next Level Move that made the difference
Replies: 44
Views: 3586

Re: Next Level Move that made the difference

#1 was controlling lifestyle inflation when income increased. There are many other things I would list but if you don't save none of the other stuff matters with regards to wealth building. Answer would be the same to a younger person. There is no wealth building without the generation of surplus do...
by ChowYunPhat
Wed Dec 18, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: Is there any fundamental difference between auto "reinvest dividends" and buying more as soon as you get a cash dist.?
Replies: 14
Views: 1451

Re: Is there any fundamental difference between auto "reinvest dividends" and buying more as soon as you get a cash dist

If you are using tax lots in your taxable account then reinvesting might trip you up if you want to do a tax loss harvesting, but you just reinvested. Tax loss wash sale rule. Tax loss harvesting is still a good strategy in taxable accounts with mutual funds or ETFs. Agree with Leif on this one pus...
by ChowYunPhat
Sat Dec 14, 2019 8:29 am
Forum: Personal Investments
Topic: Growing income and becoming more nervous...
Replies: 28
Views: 4437

Re: Growing income and becoming more nervous...

Ultimately I do work hard, but I don't have the same amount of "always on" stress you would normally apply to a high income job - a small dose of impostors syndrome if I'm being honest which I think is where all this doubt comes from. My reason for writing this is because of my nerves surrounding w...
by ChowYunPhat
Sun Dec 08, 2019 1:11 pm
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 19
Views: 1425

Re: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

Check out your cost basis on your shares Grogs. The "non covered" shares they're talking about are referencing mutual fund shares you purchased prior to 2012 I believe. This is when Vanguard started offering other methods of cost basis accounting on your funds. Everything prior to the cutoff date i...
by ChowYunPhat
Sun Dec 08, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Mounting a tv over the fireplace
Replies: 54
Views: 3585

Re: Mounting a tv over the fireplace

Mapmaker, very important to make sure your A/V needs are sorted in a new construction 8-) If walls are exposed and not yet sheetrocked, you can run coaxial / optical / RCA cabling over to a secondary location where you can effectively hide a set top box or other device. We've done this a couple of t...