Search found 190 matches

by Eric76
Mon Dec 28, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Second Draw
Replies: 9
Views: 952

Re: PPP Second Draw

simplesimon wrote: Mon Dec 28, 2020 3:26 pm Any guesses as to how long before funding runs out?
I don't think they came close to running out of funding for the 2nd round, and they tightened up the requirements this round, so I doubt it runs out right away. But who knows?
by Eric76
Sun Sep 27, 2020 6:11 pm
Forum: Investing - Theory, News & General
Topic: Are we NOW in a bubble?
Replies: 103
Views: 11744

Re: Are we NOW in a bubble?

Maybe. Maybe not.
by Eric76
Wed Aug 05, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1627
Views: 151409

Re: My LenderFi refinance is going well

I posted this in the mega thread as well, but has anybody had luck renegotiating on credits/rate with Lender Fi after a lock? My loan went to processing today.
by Eric76
Wed Aug 05, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9399
Views: 657437

Re: Refinance Mega Thread

I locked with LenderFi a couple of weeks ago at 2.75% with a $2200 lender credit. Looking at about $1600 in closing costs (not including pre-paids and escrow). This is apparently a pretty mediocre deal right now. Can I renegotiate with them on an already locked rate, or do I need to let the lock ex...
by Eric76
Tue Aug 04, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9399
Views: 657437

Re: Refinance Mega Thread

I locked with LenderFi a couple of weeks ago at 2.75% with a $2200 lender credit. Looking at about $1600 in closing costs (not including pre-paids and escrow). This is apparently a pretty mediocre deal right now. Can I renegotiate with them on an already locked rate, or do I need to let the lock exp...
by Eric76
Mon Aug 03, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9399
Views: 657437

Re: Refinance Mega Thread

FYI if you have to roll any closing costs (aside from prepaids/escrow) then it is not a "no cost refi". Thank you. It seems to me that a true "no cost" loan is when the costs listed on a Loan Estimate in sections D and E (and maybe H, though I have not seen one) minus any lender...
by Eric76
Wed Jul 29, 2020 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9399
Views: 657437

Re: Refinance Mega Thread

Just locked my refi through lenderfi at 2.75 by using the backdoor method that someone here linked to. This thread is incredible! Thanks to all who contribute.
by Eric76
Tue Mar 31, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus payment through EFTPS?
Replies: 0
Views: 167

Stimulus payment through EFTPS?

I don't efile my taxes but I do use EFTPS to make quarterly payments. Does anybody know if I will receive the stimulus payment to my account linked with EFTPS, or will I need to wait for a paper check because I don't efile?
by Eric76
Fri Mar 06, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47869

Re: 30 year mortgage under 3%

Although the 10 year has moved down ~40 bps since the rates hit 3.125% (30 year, 70% max LTV 0 origination pts, 800+ credit) at the local bank I was looking to refinance at, my quoted mortgage rate has not moved down at all. Normally, a 40 bps drop translates into 2+ origination pts or a rate drop ...
by Eric76
Fri Mar 06, 2020 6:20 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47869

Re: 30 year mortgage under 3%

I'm in Florida and the rates on lenderfi have somehow been going up in the past week even as the 10 year plummeted. Last week I could get 3.25 30 year with no closing costs, and now I would have some closing costs at 3.375. Makes no sense to me. Let me make sense of it for you. They are getting swa...
by Eric76
Thu Mar 05, 2020 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47869

Re: 30 year mortgage under 3%

I'm in Florida and the rates on lenderfi have somehow been going up in the past week even as the 10 year plummeted. Last week I could get 3.25 30 year with no closing costs, and now I would have some closing costs at 3.375. Makes no sense to me.
by Eric76
Thu Feb 27, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1627
Views: 151409

Re: My LenderFi refinance is going well

Does anybody know of lenders other than LenderFi and AimLoans that don't require personal information to give quotes and closing costs?
by Eric76
Sun Jan 26, 2020 10:09 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 5009

Re: Happy Birthday Taylor! 96 years young!

Happy Birthday Taylor! What is the secret to your longevity?
by Eric76
Sun Jan 26, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10738

Re: What did you do cool with your money today?

Paid for my parents' 50th anniversary party.
by Eric76
Fri Jan 17, 2020 5:47 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 61
Views: 9035

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...
by Eric76
Fri Jan 17, 2020 5:43 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 61
Views: 9035

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

They are sitting on $128 billion in cash that is therefore not invested. That's a cash drag. I don't pretend to understand the specifics of the insurance business to know if that cash has a business purpose for sitting there. But even if it does, I want the equity portion of my portfolio fully inve...
by Eric76
Fri Jan 17, 2020 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Accidentally contributed to Roth IRA in 2014 while over the income limit
Replies: 16
Views: 1982

Re: Accidentally contributed to Roth IRA in 2014 while over the income limit

Assuming you filed your 2014 taxes by the April 2015 deadline, the statute of limitations for the IRS to audit you expired in April 2018. (This is extended in some situations, but not for a minor error like yours). This is incorrect in the OP's facts and circumstances. While there is a statute of l...
by Eric76
Sun Jan 12, 2020 8:38 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 61
Views: 9035

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...
by Eric76
Sat Jan 11, 2020 9:48 pm
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 61
Views: 9035

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next rece...
by Eric76
Mon Dec 30, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: Joe Davis, Vanguard's global chief economist, is my guest for this 2020 "Bogleheads on Investing" podcast.
Replies: 38
Views: 3099

Re: Joe Davis, Vanguard's global chief economist, is my guest for this 2020 "Bogleheads on Investing" podcast.

I'm sure Joe Davis is a sharp guy, but his market outlook for 2020 is as useful to me as a screen door on a submarine.
by Eric76
Thu Nov 14, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: Fort Meyers or south a bit in Feb advice please
Replies: 16
Views: 1146

Re: Fort Meyers or south a bit in Feb advice please

I much prefer Naples to Ft. Myers.
by Eric76
Sat Oct 19, 2019 4:50 am
Forum: Personal Investments
Topic: Buy Limit Order Filling Question
Replies: 14
Views: 1082

Re: Buy Limit Order Filling Question

Did the ask price hit your limit?
by Eric76
Sat Sep 07, 2019 5:58 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 34626

Re: Index Funds Bubble? [Michael Burry article]

I'm surprised he only has $340 million under management even after all the notoriety.
by Eric76
Mon Aug 12, 2019 3:02 am
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 254
Views: 24882

Re: Negative Interest Rates in U.S.

Negative interest rates is one way to pay off the national debt!

Someone posted a link here a while back that I can't find about how global interest rates have been declining for 600 years. Negative interest rates could be the natural result of that trend.
by Eric76
Thu Aug 01, 2019 5:50 am
Forum: Personal Investments
Topic: Vanguard New York Municipal Money Market Fund (VYFXX)
Replies: 7
Views: 1181

Re: Vanguard New York Municipal Money Market Fund (VYFXX)

I have no opinion on that particular fund, but I do want to know when you expect the market to "cool down for investing." Seems to me this thread could have been posted anytime in the last decade or so.
by Eric76
Sun Jun 16, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 5155

Re: So much for financial predictions, eh?

Somebody posted an academic study showing that global interest rates have been in a general decline for centuries. Can't find the thread, but it was fascinating.
by Eric76
Sun Jun 16, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Treasury Money Market yield so high?
Replies: 123
Views: 38161

Re: Why is Vanguard Treasury Money Market yield so high?

VUSXX has a higher yield than VBIRX. Due to inverted yield curve I guess.
by Eric76
Sun Jun 09, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Where to Purchase Defined Benefit Plan
Replies: 20
Views: 3280

Re: Where to Purchase Defined Benefit Plan

What's the difference between a defined benefit plan and an annuity? I thought an annuity was a defined benefit plan.
by Eric76
Sun May 26, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 54
Views: 6124

Re: Debt vs Savings

The retirement contributions should be put on hold until the credit card is paid off.
by Eric76
Tue Apr 16, 2019 8:43 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 4243

Re: Short Term Bond Index vs. Prime Money Market

3funder wrote: Tue Apr 16, 2019 7:38 am You'll probably be fine with either.
I understand that they are both very low risk investments. I'm trying to understand the advantage of the bond fund over the mm fund with almost identical yields.
by Eric76
Tue Apr 16, 2019 6:36 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 4243

Re: Short Term Bond Index vs. Prime Money Market

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market? Am I missing something? You're missing the fact that interest rate risk is not the only type of risk associated with bonds... I didn't miss that fact, which makes ...
by Eric76
Mon Apr 15, 2019 10:30 pm
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 4243

Short Term Bond Index vs. Prime Money Market

The SEC yield on the VG Short Term Bond Index Fund is currently 2.5%.

The SEC yield on the VG Prime Money Market is currently 2.45%.

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market?

Am I missing something?
by Eric76
Fri Mar 29, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 8516

Re: Anybody else get a huge tax increase due to SALT deduction changes?

The thing about the new tax law that bugs me is that I bought my home in 2015 thinking I would derive a tax benefit by itemizing, but with the 24k standard marital deduction, and itemized deductions at 23k, I may as well be renting. The TCJA eems to disincentivize home ownership.
by Eric76
Fri Mar 08, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard lowered cost of some ETFs but not VTI
Replies: 8
Views: 1210

Re: Vanguard lowered cost of some ETFs but not VTI

Being the lowest cost ETF is nothing but marketing gimmickery at this point.
by Eric76
Sun Feb 24, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 16332

Re: Is Hyundai the value sweet spot?

Our 2013 SF Sport experienced a catastrophic engine failure as my wife was driving 70 mph down the interstate. Fortunately she wasn't injured, but needless to say, it could have easily been deadly. This happened after we brought the vehicle in for a safety recall on this very issue. Hard pass on Hyu...
by Eric76
Tue Jan 29, 2019 6:06 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 12477

Re: An emergency fund cautionary tale

I maintain an over funded position in BSV as a percentage of my portfolio to cover unexpected emergencies. Will it drag my long term returns? Absolutely. I guess sleeping at night is my priority.
by Eric76
Fri Jan 18, 2019 11:53 pm
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 15411

Re: 100% in VTSAX - Is it crazy???

I'm 100% VTSAX as well as a pension (govt). Not crazy. What's the point of accumulating if you can't rely on some good market runs? I just treat the pension as a fixed income position. There are a few with anti-pension jealousy that motivates some here. Do not listen to them or try to convince them...
by Eric76
Thu Jan 17, 2019 9:25 am
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 15411

Re: 100% in VTSAX - Is it crazy???

I wouldn't be comfortable with any defined benefit pension these days. I especially wouldn't be confident that the 3% cola will sustain.
by Eric76
Wed Jan 09, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: What does 1 million @Vanguard get you ?
Replies: 35
Views: 8717

Re: What does 1 million @Vanguard get you ?

My dad is VG Flagship. Is there anything I can do to be able to invest in Prime Cap? That is the only thing I care about from Flagship. Unfortunately I can see it taking me at least 15 years to get to Flagship, since my 401k is not at VG. I've had a Vanguard account since I was a kid. I never chang...
by Eric76
Sat Dec 29, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 73
Views: 9423

Re: Dave Ramsey [“good growth mutual fund”]

I can't believe people will still pay a 5.75% load. That's insane.
by Eric76
Sun Oct 21, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed
Replies: 30
Views: 3208

Re: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed

SpideyIndexer wrote: Sat Oct 20, 2018 1:32 pm Try Farmer's.
I've heard they know a thing or two about a thing or two.
by Eric76
Sat Aug 25, 2018 11:40 am
Forum: Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7656

Re: Game Changing Inheritance of Stocks! Now what?

First thing I would do is dump all the Berk with zero to little capital gains, and put all proceeds into the appropriate stock/bond index funds based upon your risk tolerance and time frame. Despite its diversification, Berk is in a way more risky than a typical stock because it's a gamble that whoe...
by Eric76
Wed Aug 08, 2018 5:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity announced 10-for-1 fund splits in certain mutual funds
Replies: 18
Views: 7870

Re: Fidelity announced 10-for-1 fund splits in certain mutual funds

Seems that stock splits are generally out of vogue these days. Apparently Fidelity is trying to make it cool again.
by Eric76
Sat Jul 14, 2018 7:37 am
Forum: Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 8374

Re: Dave Ramsey made me laugh today

For me there is a "sleep at night" component to my portfolio. Thus, despite what the math says, 100% equities doesn't work for me. Advising that 100% equities is the right allocation for others seems overly simplistic.
by Eric76
Sat Jun 23, 2018 6:25 am
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 65
Views: 9207

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

Pretty meaningless. .04 and .03 are both basically nothing.
by Eric76
Fri Jun 22, 2018 5:53 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 374
Views: 59719

Re: MoviePass-Too good to be true, but it's legit.

My son has a MoviePass and loves it. It's also an easy decision for the theaters. It's like a casino comping a room. It's already built, so any further use is pure profit. And they make the real money on the concessions. This isn't an accurate analogy because the theaters aren't "comping"...
by Eric76
Sun Jun 17, 2018 4:17 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 16387

Re: Oh my! Cardone says we need $10m net worth

When I typed Grant Cardone on google, he is noted as an "Actor." He wrote a book with a title used as a tagline in "Talladega Nights: The Ballad of Ricky Bobby." He is also the proprietor of something called "Cardone University." I'll stick to taking investment advice f...