Search found 107 matches

by John Doe 123
Thu Feb 06, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Mortgage Question
Replies: 20
Views: 1723

Re: Simple Mortgage Question

So you believe that the ability to reduce the P&I from $1,360 to $999 is worth paying an additional $2,583 in annual interest, almost $108/month? That seems like a terrible trade-off to me. If the OP's 3 month emergency fund isn't enough, building it up to 6 months or more would seem to be a far be...
by John Doe 123
Thu Jan 09, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Need help finding parts for a Maytag dryer Model DG606 I might need a thermocouple or a gas valve.
Replies: 19
Views: 875

Re: Need help finding parts for a Maytag dryer Model DG606 I might need a thermocouple or a gas valve.

Find the serial number for your dryer, google for a part diagram, and then put the part numbers into ebay and/or amazon.
by John Doe 123
Tue Jan 07, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Does pulling money out because of fear make the market go down?
Replies: 79
Views: 5859

Re: Does pulling money out because of fear make the market go down?

greg24 wrote:
Mon Jan 06, 2020 12:12 pm
$71k invested? I hate to be blunt, but there are people on this board who gain or lose that much money on a single trading day.
With friends like these, who needs enemies?
by John Doe 123
Tue Jan 07, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5265

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

You want a below market rate and you want to dictate how the lender appropriates the discounted interest you pay? :shock:

If you really make 180k/year then save for a few more years and buy a house in cash.
by John Doe 123
Wed Jan 01, 2020 5:52 pm
Forum: Personal Investments
Topic: Can I retire part time? Age 36
Replies: 28
Views: 4452

Re: Can I retire part time? Age 36

The responses is this thread are kind of silly. OP has $920k, and needs ~$12k/yr to make ends meet after going part-time. That's a 1.3% withdrawal rate. So the real question is will a 1.3% SWR last ~50 years? I think most people would say yes (including me), yet everyone here is saying no. My only ...
by John Doe 123
Tue Dec 31, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3590

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Tue Dec 31, 2019 12:41 pm
Forum: Personal Investments
Topic: Should I cash out mom's whole life insurance (burial) policy?
Replies: 8
Views: 604

Re: Should I cash out mom's whole life insurance (burial) policy?

The premiums paid are a sunk cost. In my eyes it is a math problem. $10,022 - 2,857 = $7,165 difference in cash out vs benefit amt upon death $7,165 divided by $74 premium = 96 months ie 8 years. Taking the time value of money into account, the break even point is probably somewhere around 6-7 years...
by John Doe 123
Mon Dec 09, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3590

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Mon Dec 09, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: $1.05 fee for changing my address?
Replies: 23
Views: 3590

Re: $1.05 fee for changing my address?

Moving into a new apartment soon and filled out one of those paper forms at the local post office. No problem. But then I figured to be sure I'll do it online as well at usps.com and for that privilege I need to pay a $1.05 fee. Is this new? Its not new. It serves as a way to prevent fraud and veri...
by John Doe 123
Tue Nov 19, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Bill Gates' backed Heliogen may revolutionize energy industry
Replies: 65
Views: 6402

Re: Bill Gates' backed Heliogen may revolutionize energy industry

I agree with a number of the earlier posts that I don't think this is a revolutionary concept. I think they are just adding '"AI" as part of the technology to add some more buzz to the story. The manner in which the sun moves across the sky has been known for years. Maybe they had to tweak the engi...
by John Doe 123
Thu Nov 07, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 2111

Re: Sell equities to pay down mortgage

How much are you paying in PMI? It might make sense to sell some equities and pay the taxes on the gains to get rid of that PMI... but probably does not make sense beyond that IMO
by John Doe 123
Mon Sep 09, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or pay off mortgage?
Replies: 19
Views: 1822

Re: Refinance or pay off mortgage?

I would look into no cost refinance options. You should be able to refinance to a rate that is higher than the prevailing market rates, but lower than 4.25% without paying anything into closing costs.
by John Doe 123
Thu Sep 05, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 4287

Re: Wedding/Engagement Ring Insurance

Big difference in cost between a jewelry policy sold by a jewelry store and personal property on a homeowner's / renter's policy. We have $13,500 of listed items and pay $26.40 per year. Imagine if a piece of jewelry simply falls off (necklace breaks). Or stones fall out of a setting. Less than $30...
by John Doe 123
Thu Sep 05, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 4287

Re: Wedding/Engagement Ring Insurance

Your insurer may require a new appraisal in order to reduce the level of coverage to $15K. Annoyingly, my insurer bumps the value by 6%/year, even though the value of the insured item has not increased at that rate. The only way to have my insurer reduce the insured value was to submit a new apprai...
by John Doe 123
Wed Sep 04, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 37
Views: 3315

Re: Home warranty - is it worth the money?

Our last house came with a home warranty that was paid for by the seller. We tried to make a claim within the first month and one of the company's customer service reps pointed to the fine print and told me that it was not covered. I took a closer look at the fine print, and found that I was able to...
by John Doe 123
Wed Sep 04, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 2024

Re: Do you have disability insurance?

I have it and I also work a white collar desk job. I had a group policy through my office for several years. When we had a baby I started to actually look at that policy and discovered it was a pretty lousy policy. I purchased an individual policy, and while it isn't cheap I do find it to be worthwh...
by John Doe 123
Wed Sep 04, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 252
Views: 31626

Re: Michael Burry: Index Funds are like Subprime CDOs

I read the article and I think that he makes a good point. I agree, a very good point... I'm just not sure that there's a better way than passive index funds, as I don't have the time to do security level analysis on thousands of equities, and I also don't think there are any actively managed funds...
by John Doe 123
Wed Sep 04, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 252
Views: 31626

Re: Michael Burry: Index Funds are like Subprime CDOs

vitaflo wrote:
Wed Sep 04, 2019 9:05 am
At the end of The Big Short, it said Burry was only focused on investing in one commodity: Water. Whatever happened to that one?
Did you read the article?
by John Doe 123
Wed Aug 28, 2019 11:42 am
Forum: Personal Consumer Issues
Topic: Tailgating Equipment Recommendations
Replies: 22
Views: 1321

Re: Tailgating Equipment Recommendations

Back in college I had season tickets to the Brewers with a few buddies. One of them bought a pop up canopy similar to the one below and kept it in his trunk. It saved us numerous times, and we even made some friends when it happened to rain. https://www.walmart.com/ip/Ktaxon-EZ-POP-UP-10-X-10-Anti-U...
by John Doe 123
Wed Jul 24, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5601

Re: How do you deal with looking bad compared to others?

Spend less time around toxic/superficial people would be my suggestion.
by John Doe 123
Thu Jul 18, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Why Personal Finance is not taught in Schools in the US
Replies: 59
Views: 3257

Re: Why Personal Finance is not taught in Schools in the US

I had a personal finance class at my public high school (class of 2003) that was a part of the required curriculum to graduate.

Most kids didn't care to take it seriously.
by John Doe 123
Tue Jul 16, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15366

Re: House not appraising for amount we were offered!

Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. In a 'normal' market, yes. But in a strong seller's market, they'd better not unless they want the buyers to lose any chance of acquiring the home. Our current area is the sec...
by John Doe 123
Mon Jul 15, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15366

Re: House not appraising for amount we were offered!

Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. In a 'normal' market, yes. But in a strong seller's market, they'd better not unless they want the buyers to lose any chance of acquiring the home. Our current area is the sec...
by John Doe 123
Mon Jul 15, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15366

Re: House not appraising for amount we were offered!

We had the same problem when we sold our home in April. Any competent buyers agent is going to reply back offering the appraised value and put the ball back in the seller's court. We ended up negotiating, and the buyer was willing in to cough up some cash out of pocket. In the end we met roughly in ...
by John Doe 123
Thu Jul 04, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 5837

Re: Reservations about purchasing a 16 year old house

If you have reservations over the purchase of a 16 year old house, then perhaps you should consider renting.

Things will go wrong with a house no matter the age. If you don't want to deal with the headaches then renting is absolutely the best option for you.

A house is a lifestyle choice.
by John Doe 123
Mon Jul 01, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in 30y Mortgage Rate at 3.875%?
Replies: 56
Views: 5474

Re: Lock in 30y Mortgage Rate at 3.875%?

I am in the process of refinancing to a 30 year @ 3.625 for no cost. You can almost certainly do better than 3.875% if you go through a private brokerage instead of using a bank or credit union. I wish I figured this out years ago, it would have saved me thousands. This. I am seeing 3.5-3.7% intere...
by John Doe 123
Mon Jul 01, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 2202

Re: Going to switzerland this september-advice?

We stayed in Gimmelwald for 3 days. The Bener Oberland region above Interlaken is probably the most amazing place I have ever been. I cannot recommend it enough. If I get to go again I might stay in Murren which is one stop down mountain on the cable car. It had equally beautiful views and seemed to...
by John Doe 123
Mon Jul 01, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in 30y Mortgage Rate at 3.875%?
Replies: 56
Views: 5474

Re: Lock in 30y Mortgage Rate at 3.875%?

I am in the process of refinancing to a 30 year @ 3.625 for no cost.

You can almost certainly do better than 3.875% if you go through a private brokerage instead of using a bank or credit union.

I wish I figured this out years ago, it would have saved me thousands.
by John Doe 123
Fri Jun 21, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18420

Re: what was your worst major purchase mine is a 2019 mazda3

markcoop wrote:
Fri Jun 21, 2019 11:34 am
Oddly enough, I think my 2018 Mazda 3 was one of the better car purchases I ever made.
My 2007 Mazda 3, bought new, has served me well too. Still going strong with 130,000 miles and I haven't had to stick much into it yet. I'll probably buy another one when this one craps out.
by John Doe 123
Thu Jun 20, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Tree stump, can't use a stump grinder. Solution?
Replies: 64
Views: 6378

Re: Tree stump, cant use a stump grinder. Solution?

Hot coals definitely work, I have done it many times, even to very large stumps 3+ ft across. That chemical stump rot chemical never worked for me. Hot coals are probably the best solution if it is an area where it can be safely contained. You'll have to leave them unattended because if its a big s...
by John Doe 123
Fri Jun 14, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?
Replies: 23
Views: 2051

Re: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?

I can't imagine going through all the crap involved in underwriting a mortgage to save a quarter of a point. That's literally a difference of under a thousand dollars a year in interest in a $383,000 mortgage, or about a nice dinner out every month. Not sure about your experience but I was able to ...
by John Doe 123
Fri Jun 14, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?
Replies: 23
Views: 2051

Re: Currently Viable Refinance Options when 30-YR Mortgage is Currently at 3.875%?

Jags4186 wrote:
Thu Jun 13, 2019 10:33 pm
3.875% is the current no cost refinance rate on a conventional 30 year fixed. I just closed.
Where did you get this? Did you have to pay any third party fees (title, appraisal, etc) or was it truly no cost?
by John Doe 123
Mon Jun 10, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance immediately after new home purchase?
Replies: 24
Views: 2293

Re: Refinance immediately after new home purchase?

I recently refinanced only 2 months after buying a new house. The payback period was only about 1.5 years. Rates have since dropped even further! :annoyed If it goes down to 3.5% I'll probably refinance again. If you plan to stay in the home significantly longer than it will take to cover the costs ...
by John Doe 123
Thu Jun 06, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 495
Views: 56225

Re: Selling home- Demanding Buyer (Repairs)

This works out for you in both ways. If buyer can’t get financing or backs out of deal, you would have to fix to relist. If buyer backs down, you fix to sell. To relist or sell to current buyer all have to go through the same path of fixing the septic. I think this is great advice. I would do the r...
by John Doe 123
Thu Jun 06, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 495
Views: 56225

Re: Selling home- Demanding Buyer (Repairs)

Thanks Katiestu Why not continue to show now? He's under contract now and I cannot break it. But, if he hears that other people are looking at the house and submitting offers, it makes him more likely to stop playing games. Can you actually show the house when it is under contract? Until septic is ...
by John Doe 123
Wed May 08, 2019 1:00 am
Forum: Personal Consumer Issues
Topic: ants - aargh
Replies: 69
Views: 4708

Re: ants - aargh

I tried terro traps and also sprayed taurus SC around the foundation of our house about 2 weeks ago, but we are still finding a few Carpenter ants per day.

Can anyone comment how long it took for the taurus sc to eradicate their Carpenter ant issue?
by John Doe 123
Fri Apr 26, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Soft Lite Window Warranty?
Replies: 2
Views: 322

Re: Soft Lite Window Warranty?

No one has any thoughts on this?
by John Doe 123
Wed Apr 24, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: Soft Lite Window Warranty?
Replies: 2
Views: 322

Soft Lite Window Warranty?

We just bought a home that had 16 new double hung Soft Lite windows installed in 2017. I have the option to transfer the lifetime warranty to our names, but there is a $250 fee to do so. The warranty covers materials only. It does not cover labor for installation and I would also have to pay shippin...
by John Doe 123
Fri Mar 15, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: 2 days in New York City
Replies: 57
Views: 4665

Re: 2 days in New York City

My wife and I went to the Colbert Late show last year. It was free and a neat experience but totally not worth time commitment required. They want a packed house for every show, so you must get in line outside the Ed Sullivan Theater several hours before show time. If you don't show up, then your sp...
by John Doe 123
Fri Nov 16, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Foreign Currency
Replies: 24
Views: 1265

Re: Foreign Currency

mk_obelix wrote:
Fri Nov 16, 2018 3:37 pm
He can also use the ATM card and withdraw the amount once he reaches Japan, most banks charge around 1% fee and need to inform them in advance.
This is what my wife and I did when we recently traveled overseas and it worked out very well for us.
by John Doe 123
Fri Nov 16, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5677

Re: Incompetent home inspector - what to do?

Your realtor should be able to answer this question for you, and if they cannot then perhaps it's time for you to shop for a new realtor. This sounds to me like something that would fall under the "right to cure." Google this for more info. If you are worried about a buyer walking away then you shou...
by John Doe 123
Mon Oct 22, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 80
Views: 5816

Re: Car Dealer told us car was Certified, but it isnt

You have two separate issues here. First, brakes are a normal wear item which would be very tough to get done under a CPO warranty. You should not have this service performed at a dealer. Take it to a local shop and you will probably pay 30-40% less for the work. Better yet, if you are at all mechan...
by John Doe 123
Tue Sep 18, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: How to watch baseball playoffs without cable
Replies: 36
Views: 2636

Re: How to watch baseball playoffs without cable

www.mlb.tv You can get a 1 week free trial and it is $26 for the rest of the season thereafter. The only rub is that it is out of market games only. If you want to see your local team play then you are stuck buying a cable package. Playoff baseball is magic. Enjoy! Looks like for playoffs they have...
by John Doe 123
Tue Sep 18, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: How to watch baseball playoffs without cable
Replies: 36
Views: 2636

Re: How to watch baseball playoffs without cable

www.mlb.tv

You can get a 1 week free trial and it is $26 for the rest of the season thereafter.

The only rub is that it is out of market games only. If you want to see your local team play then you are stuck buying a cable package.

Playoff baseball is magic. Enjoy!
by John Doe 123
Thu Sep 13, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 7492

Re: Buying a house 1 mile away from a municipal landfill

It is not necessarily a bad idea to buy this house, but it was a bad idea to put in an offer without knowing this. I'd sue the real estate agent who probably suggested a huge earnest offer to go with your offer, right? What world are you living in? There is no way that case would go anywhere unless...
by John Doe 123
Thu Aug 30, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm - Homeowners discount :)
Replies: 35
Views: 2896

Re: State Farm - Homeowners discount :)

How is this actionable? This post should be removed.
by John Doe 123
Wed Aug 08, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Insurance refusing to pay for car accident
Replies: 26
Views: 2657

Re: Insurance refusing to pay for car accident

smalhotra2000 wrote:
Wed Aug 08, 2018 1:56 pm
Yes, it was a single hit, car C hit Car B and Car B plowed into my car. I took the car to a local body shop and they estimated the damage to be around $3,500.
Car C is at fault. If you have uninsured motorist coverage then file a claim with your insurance.
by John Doe 123
Fri Jul 13, 2018 2:38 pm
Forum: Personal Investments
Topic: What to do with extra $2500 a month?????
Replies: 36
Views: 3562

Re: What to do with extra $2500 a month?????

Ah, I see what I was missing now. You said it can be withdrawn from like a traditional IRA. I was thinking you were implying it could be withdrawn without tax.

Pay no attention to that man behind the curtain :)