Search found 12 matches

by BF2011
Mon Sep 21, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14664

Re: Paying off sub 4% mortgage interest rate early

Psychologic peace of mind vs mathematical optimization. And everyone's situation is different. Here's mine: 23 years left on 30 year fixed 3.35%. 2MM home, 1.3 original loan, now 700k. VHCOL, due to SALT elimination don't itemize. I am now refinancing to a 15 year 2.85% loan at a $7000 cost. Have o...
by BF2011
Sat Sep 12, 2020 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Canadian bank account
Replies: 11
Views: 931

Re: Canadian bank account

I opened a regular checking account at TD Canada Trust with my US passport and US address beginning of this year when I was visiting family there. Took 30 minutes in branch, the cross border banking account they have was more meant for Canadians having a need for banking in US, not the other way aro...
by BF2011
Tue Dec 04, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Today was a good day to be diversified
Replies: 21
Views: 4583

Re: Today was a good day to be diversified

I wonder what your blended YTD return looks like, and if this diversification is indeed better than holding just VTI if you look at YTD
by BF2011
Fri Jun 01, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 16506

Re: Best Advice You Never Took

A prof in school once said "be careful of the mountain you climb, you may end up regretting when you get to the top".
Didn't quite understand back then, and took a job that was the envy of the class. The long hours and the stress resulted in multiple health issues, and I have never been the same...
by BF2011
Tue Jan 09, 2018 2:32 pm
Forum: Personal Investments
Topic: Please help with my AA
Replies: 3
Views: 387

Please help with my AA

Hello all, As part of my new year's resolution, I'd like to get my investment in order, and would love to leverage the collective wisdom on this board. I feel that I am late to the game and could really use some help to catch up :-) Emergency funds: Two to Three months of expenses, also have a 0 bal...
by BF2011
Wed Dec 06, 2017 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1929
Views: 471371

Re: Share your net worth progression

NMD deleted
by BF2011
Mon Nov 06, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my house now to avoid capital gain tax?
Replies: 4
Views: 896

Should I sell my house now to avoid capital gain tax?

Hello all, I have been thinking about trading up to a nicer home for while now. I know that we are entitled to $500,000 in capital gain tax free for our primary residence. According to Zillow and Redfin, my home is now worth $1.2M, which is exactly $500,000 above what I paid for a few year back. Is ...
by BF2011
Sat Sep 30, 2017 10:06 am
Forum: Personal Investments
Topic: Getting father-in-law off of UBS & its 1.5% AUM fee
Replies: 31
Views: 4278

Re: Getting father-in-law off of UBS & its 1.5% AUM fee

That fee seems quite high for a fully managed relationship. Most people on this website don't understand advisory fees very well particularly for 7+ figure accounts. The expense ratio for investments is also how large wire houses get paid for a variety of ancillary work that comes with the fund exp...
by BF2011
Sat Jan 16, 2016 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed...US citizen attending college in Canada
Replies: 19
Views: 1664

Re: Advice needed...US citizen attending college in Canada

If I were you, 1. Open a fidelity cash management acct and put daily expense in there for her to withdraw using the ATM card in any Canadian bank machine. They will refund the ATM fee and there is not forex fee. Exchange rate you get is very close to spot. 2. Buy FXC or call option on FXC to lock in...
by BF2011
Tue Jun 02, 2015 9:10 am
Forum: Personal Investments
Topic: Backdoor Roth conversion and after tax 401k to Roth conversion
Replies: 1
Views: 404

Backdoor Roth conversion and after tax 401k to Roth conversion

Hello all I have a question that I hope someone has answers for. I just started the backdoor Roth conversion last year. Did 5500 for both me and my wife, tIRA then Roth. I have just discovered that my employer's 401K plan allows after tax contribution to be converted to Roth. Doh, missed out on the ...
by BF2011
Sat Dec 06, 2014 6:30 am
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 3180

Re: HELOC as emergency fund

Thanks for all the comments. Some very good points both for and against. In my case, with my wife's income, my severance/vacation balance/insurance in addition to HELOC, this should cover any short term emergencies. Someone made a comment on how these threads on emergency funds reflects the market s...
by BF2011
Thu Dec 04, 2014 12:32 am
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 3180

HELOC as emergency fund

Hello everyone Been reading the forum for a long time and have learnt a great deal. There is one question that I have always wondered about which is emergency fund. Why do people see the need of keeping cash as emergency fund? Why wouldn't a fairly low cost credit facility be enough? I have a 0 bala...