Search found 670 matches

by AZAttorney11
Thu May 28, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 199
Views: 8695

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

Other than policy tournaments for the debate team and teaching multiplication before the third grade, is there any consensus on what a good school is? Ha! Good luck defining "good school" and "middle class" on Bogleheads. Middle class is $450k a year income and a good school is top 10 in the state....
by AZAttorney11
Thu May 28, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

How do you guys get lender credits? Do you ask or they lender just offers? I just applied with a few lenders and going to talk to them on the phone today. From what I've seen so far online what was returned I don't see any credits being offered from anyone. So just advice on how do you approach thi...
by AZAttorney11
Thu May 28, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 199
Views: 8695

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

oldfort wrote:
Thu May 28, 2020 10:36 am
Other than policy tournaments for the debate team and teaching multiplication before the third grade, is there any consensus on what a good school is?
Ha! Good luck defining "good school" and "middle class" on Bogleheads.
by AZAttorney11
Tue May 19, 2020 1:00 pm
Forum: Personal Consumer Issues
Topic: Ford F150 Engine long term reliability - V8 versus Turbo V6?
Replies: 62
Views: 3757

Re: Ford F150 Engine long term reliability - V8 versus Turbo V6?

Is it really a full-sized truck if it doesn't have a V8? :sharebeer

P.S. Notwithstanding the Ford Raptor...
by AZAttorney11
Mon May 11, 2020 2:53 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1480
Views: 120120

Re: "Fool me once your fault. Fool me twice my fault."

Bogleheads: Long time investors (I'm 96) remember the fads promoted by the investment industry: Penny stocks, Day Trading, the "Nifty-Fifty," Dogs of the Dow, IPOs, Commodities,--and now Small-Cap Value stocks (based almost entirely on past performance which the government warns us against). Invest...
by AZAttorney11
Fri May 08, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: Audi A8 or keep looking?
Replies: 30
Views: 2356

Re: Audi A8 or keep looking?

Frugal and Audi don't go together. Not even in the used market. Why do you think trucks are expensive? Full sized Silverados and F-150s can be had for at least 25-30% off MSRP. You could buy a well equipped, brand new truck for under $35,000. I'd rather have a brand new truck for less than $35,000 t...
by AZAttorney11
Tue May 05, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3315

Re: do you expect there to be a housing market crash? If so, when?

Unless a miracle occurs and the virus mysteriously disappears or becomes harmless, housing will drop, it has to drop. You got tons of people that either are currently unemployed or will be furloughed once companies reach certain dates (due to bailout rules). You got United that will be getting rid ...
by AZAttorney11
Tue May 05, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3315

Re: do you expect there to be a housing market crash? If so, when?

Do I think there will be a housing market crash? No. Do I think home prices will decline to 2008 - 2011 levels? No. But there are 30 million Americans out of work in the last six weeks. The housing market doesn't move nearly as fast as the stock market (in either direction) and it's a lagging indica...
by AZAttorney11
Sun May 03, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

This is what Dr. Bernstein wrote for younger investors in his book: "If You Can ": I'm sure you are aware that the target audience for that books was not Bogleheads, but lay people who knew nothing about investing. His series Investing for Adults is more appropriate for the folks who regularly post...
by AZAttorney11
Sun May 03, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

Where are people getting this idea that value has been dead? SCV outperformed the S&P 500 from 1999 to 2006, and then has kept pace with it through 2018: https://imgur.com/SNG8uOY.png https://imgur.com/kftisf8.png Two years of underperformance does not a trend make. This. So many are cherry picking...
by AZAttorney11
Sun May 03, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

Lee_WSP wrote:
Sat May 02, 2020 12:00 pm
AZAttorney11 wrote:
Fri May 01, 2020 12:47 pm
likely to regret that decision over the very long-term.
What if I'm dead by then?
What if you died today?
by AZAttorney11
Sun May 03, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

To me, the most important thing is to pick a sensible strategy and asset allocation that you will not deviate from and follow that strategy forever. Suppose one did that. What if later he learns through reading that there are more sensible strategies? Should he continue the previous strategy foreve...
by AZAttorney11
Fri May 01, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

They should care if they are diversifying into leveraged disrupted companies that have little chances of recovering competitive advantage. Lets look at the 2 largest industries in SCV, energy & banks/finance. Historically, these have not been disrupted, now they are, so looking at the past & expect...
by AZAttorney11
Fri May 01, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: Why value is dead
Replies: 96
Views: 8994

Re: Bill Bernstein: Why value is dead

Go ahead and sell me your SCV - I'll continue to buy low and sell high. Seriously, those of you who feel you're wasting money on SCV, have abandoned your tilts lately, etc. are likely to regret that decision over the very long-term. As others have said, factor tilts are a lifelong commitment. Deviat...
by AZAttorney11
Wed Apr 22, 2020 5:53 pm
Forum: Personal Consumer Issues
Topic: BMW X5 - advice on purchase
Replies: 49
Views: 2937

Re: BMW X5 - advice on purchase

TBH -- I don't know the BMW lineup well other than the 3-series is heavily sold and leased, and seemingly popular among early to mid-career professional women. It's a bit too common and small for my tastes. I honestly have never driven one. For several consecutive decades, through the E9x series, t...
by AZAttorney11
Tue Apr 21, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

Costco's network turned out really disappointing. How so? Of the three mortgage companies that we reached out via Costco, only one came in with a really hard sell. Told the guy that we had a spreadsheet with the costs and fees and would like his, he told us to stop comparing nickles. The other two ...
by AZAttorney11
Tue Apr 21, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

OP here. We're about to refi again. Northpointe Bank looks like the winner. LenderFi is atrocious in terms of closing costs and fees, at least for us. Aimloan isn't much better. PenFed is competitive, but not the lowest. Costco's network turned out really disappointing. Again, so much of the pricin...
by AZAttorney11
Mon Apr 20, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

OP here. We're about to refi again. Northpointe Bank looks like the winner. LenderFi is atrocious in terms of closing costs and fees, at least for us. Aimloan isn't much better. PenFed is competitive, but not the lowest. Costco's network turned out really disappointing. Again, so much of the pricing...
by AZAttorney11
Mon Apr 20, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: How to "invest" in oil?
Replies: 85
Views: 6514

Re: How to "invest" in oil?

How much has the spot price of WTI declined since OP wanted to invest in oil three days ago?
by AZAttorney11
Mon Apr 20, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: The end of oil
Replies: 59
Views: 15016

Re: The end of oil

This thread did not age well.
by AZAttorney11
Sat Apr 18, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 226
Views: 31076

Re: Car Dealers not really wanting to make a deal

In case some are not aware .... nobody gets a good deal from a car dealer, not even the Sales Managers Mom! If you think you did and tell your friends about it, you’re mistaken. +1. If you got a good deal from a dealership then they successfully made you feel better about taking your money. At a de...
by AZAttorney11
Thu Apr 16, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: That's it! Commodity ETFs is snake oil! I'm out!!!
Replies: 75
Views: 7267

Re: That's it! Commodity ETFs is snake oil! I'm out!!!

I've never invested in commodities and don't think I ever will. I never understood / agreed with the alleged "insurance" some believe they provide to a portfolio.
by AZAttorney11
Wed Apr 15, 2020 4:22 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 16397

Re: whos' just about had it w/ SCV ?

I increased my SCV tilt a few weeks ago. I think I'll have the last laugh over the next 30-40 years.
by AZAttorney11
Wed Apr 15, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

Northpointe has given me three options for a 15-year, fixed-rate refinance. For each option, I take the net loan cost and divide it by the amount of money by which it would reduce my current monthly payment. That gives me the amount of time it would take to recoup my cost of refinancing. For exampl...
by AZAttorney11
Sun Apr 12, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment vs. work at Amazon warehouse/CA
Replies: 84
Views: 5871

Re: Unemployment vs. work at Amazon warehouse/CA

[Removed -- mod oldcomputerguy] I like to hire people who have gone through adversity and lived to tell about it. I don't care what role or position; I strongly prefer those who have failed, learned from it, and gotten back up. All else being equal, I'd much rather hire a candidate who lost their p...
by AZAttorney11
Sun Apr 12, 2020 10:17 am
Forum: Personal Investments
Topic: Ponzi Scheme?
Replies: 215
Views: 17348

Re: Ponzi Scheme?

This saga is highly unlikely to end well for those involved. Wow.
by AZAttorney11
Sat Apr 11, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

Yesterday. Not sure if it's acceptable to post the contact info of the loan officer we are working with here? He said these particular rates are good through tomorrow and he's working through the weekend. We just submitted a general inquiry through the website on Thursday night to begin. I’d love t...
by AZAttorney11
Fri Apr 10, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: What's the Bond Market's Expectation for Future Inflation?
Replies: 54
Views: 2974

Re: What's the Bond Market's Expectation for Future Inflation?

Awesome thread, SimpleGift. Thank you very much for posting this.
by AZAttorney11
Fri Apr 10, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4040

Re: Reducing home buying price due to coronavirus uncertainty?

I doubt there is going to be any discount on homes. With the extreme measurements put in place I think everything is going to be steady until people go back to work. The housing market was very strong with prices increasing before this crisis happened. Everything should be in a locked down state ri...
by AZAttorney11
Fri Apr 10, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4040

Re: Reducing home buying price due to coronavirus uncertainty?

In the Twin Cities market the under $350,000 houses are still going strong. These would be considered starter homes.The over $350,000 market is slowing dramatically. Executive relocation's have slowed way down and move up buyers, which involve two transactions, are sitting out until things settle d...
by AZAttorney11
Fri Apr 10, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4040

Re: Reducing home buying price due to coronavirus uncertainty?

And by the way, personally (and as a recent RE seller) I am not interested in WHY a buyer wants to offer a particular price. I only care WHAT the number is and HOW likely he is to close. This is pretty silly in the current climate. If some buyer offers a lower price than you hoped because he doesn'...
by AZAttorney11
Fri Apr 10, 2020 4:34 pm
Forum: Personal Investments
Topic: Ladder limit orders on SPY, VOO vs SPY
Replies: 3
Views: 205

Re: Ladder limit orders on SPY, VOO vs SPY

I own both SPY and VOO. VOO is slightly cheaper, but SPY is substantially more liquid. Bid / ask spreads have been wacky lately. I bought a few chunks of VOO last month and the spreads were much higher than normal. I used limit orders (always), but the spreads were still demonstrably higher given th...
by AZAttorney11
Thu Apr 09, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1480
Views: 120120

Re: Small Cap Value heads Rejoice !!!

Either the article should have used an Index that can be tracked closely minus a small cost (S&P, Russell, CRSP. MSCI, etc), or they put out a disclaimer stating the returns were academic and not achieved by any real funds. That's the point. I disagree, the point of the long-short FF indices is to ...
by AZAttorney11
Thu Apr 09, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1480
Views: 120120

Re: Small Cap Value heads Rejoice !!!

Yet another promising thread getting derailed by someone...
by AZAttorney11
Wed Apr 08, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

PenFed has great rates at the moment. 15 year fixed at 2.875% with 0 points and 30 year fixed at 3.125% with 0 points. Dropped about 50 basis points for each overnight. Both rates are for conforming loans. Rates are higher for jumbos. Edit - Nevermind, that's for purchase loans. Refi rates are 3.125...
by AZAttorney11
Mon Apr 06, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6578

Re: Modern Monetary Theory

This begs the question: should we expect higher inflation because of this new mega-deficit situation we find ourselves in? In advanced countries with well-developed financial markets and strong, independent central banks, the risk of higher fiscal deficits leading to higher inflation is not that gr...
by AZAttorney11
Sun Apr 05, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 350
Views: 29678

Re: JPM Chase Reserve Card gets more expensive

For your friends’ sake I hope there will still be cruise ships when this is all over. I wouldn’t bet on that either. HEDGEFUNDIE, I'm willing to make that bet. Shall we come up with a proper bet and terms? :sharebeer The bet is simple. I offered it to Hendgefundie and he has not responded. He sells...
by AZAttorney11
Sun Apr 05, 2020 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 350
Views: 29678

Re: JPM Chase Reserve Card gets more expensive

I’m not locking myself inside or permanently suspending my T&E on the off chance we get hit with another pandemic in my lifetime. If for some reason there is another one, there will be plenty of advance warnings going off (as there was with Covid-19) for folks to cancel travel well ahead of time. T...
by AZAttorney11
Fri Apr 03, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1480
Views: 120120

Re: Small Cap Value heads Rejoice !!!

[response to removed posts (removed) -- admin LadyGeek] In other news: Bought a slug of VBR. PB of around 1.5 and PE of 14. Very happy with these prices fellas. Same here. Long-term, it's hard to think VBR won't be substantially higher. Current valuations look quite good with a long investment hori...
by AZAttorney11
Tue Mar 31, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: Can We Talk About Tiger King: Murder, Mayhem and Madness?

bberris wrote:
Tue Mar 31, 2020 4:29 pm
mrsbetsy wrote:
Sun Mar 29, 2020 1:49 pm
...Carol and Howard naively thought it would be something like Blackfish and they would be the good guys in the documentary.

....

.
Mrs. Betsy
Well, of course they did. I found her to be the most despicable of the bunch, and that is saying something.
+1
by AZAttorney11
Tue Mar 31, 2020 4:51 pm
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?

New Providence wrote:
Tue Mar 31, 2020 4:48 pm
Joe ended up 3rd out of 12 on the race for governor.

He reminds me very much of someone, but can't quite put my finger on it... :wink:
I believe he finished 3rd out of 12th in the Libertarian party's primary in Oklahoma.
by AZAttorney11
Tue Mar 31, 2020 4:50 pm
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: Can We Talk About Tiger King: Murder, Mayhem and Madness?

...Carol and Howard naively thought it would be something like Blackfish and they would be the good guys in the documentary. .... . Mrs. Betsy Well, of course they did. I found her to be the most despicable of the bunch, and that is saying something. Do a little research. (See the Slate link I post...
by AZAttorney11
Tue Mar 31, 2020 9:09 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11487

Re: Mortgage - Keep balance as High as Possible

You should ask people that paid off their house how great that is. I am 96 and have most of my money tied-up in my condominium's equity. I am currently applying for a mortgage so that I can increase my heirs inheritance before I die. A paid off house may sound great but many homeowners would prefer...
by AZAttorney11
Mon Mar 30, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: Great example of someone who should have never invested in factors
Replies: 119
Views: 8135

Re: Great example of someone who should have never invested in factors

I'm increasing my exposure to SCV at this time. Those who were surprised by the recent performance of SCV should never have tilted (as noted by several posters, including Rick).
by AZAttorney11
Mon Mar 30, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?

BW1985 wrote:
Mon Mar 30, 2020 10:49 am
AZAttorney11 wrote:
Mon Mar 30, 2020 10:42 am
I’m 99% sure she was breeding cubs, at least initially.
What makes you so sure?
I believe she said as much during one of the episodes.
by AZAttorney11
Mon Mar 30, 2020 10:42 am
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?

BW1985 wrote:
Mon Mar 30, 2020 10:40 am
Jags4186 wrote:
Mon Mar 30, 2020 10:33 am
She was no different than Joe, Doc, or Jeff.
She doesn't breed cubs, that's a huge difference.
Jags4186 wrote:
Mon Mar 30, 2020 10:33 am
Unfortunately, I learned on Reddit that it wasn’t his real voice.
I thought that was pretty obvious listening to it lol
I’m 99% sure she was breeding cubs, at least initially.
by AZAttorney11
Mon Mar 30, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?
Replies: 46
Views: 4257

Re: [Netflix:] Can We Talk About Tiger King: Murder, Mayhem and Madness?

One of the most troubling aspects to me is that only Joe is in prison. I’m not entirely convinced he should be there based on what I saw on the show, although I wasn’t a juror and didn’t get to see the evidence against him.
by AZAttorney11
Fri Mar 20, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: New Construction Home
Replies: 25
Views: 1553

Re: New Construction Home

My crystal ball is cloudy, but I have a hard time seeing any scenario where housing finishes the year stronger than where the market was two or three weeks ago. No one knows how bad the fallout is going to be, but make no mistake about it, housing prices will be impacted by COVID-19. Unemployment, u...
by AZAttorney11
Fri Mar 20, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1516
Views: 139509

Re: Refinance Mega Thread

It looks like many lenders, including PenFed, have no idea how to price mortgage products right now and are posting absolutely bizarre pricing outside of market hours. Like some other posters, I've noticed PenFed has eye watering rates, but that appears to be limited to certain times of the day. Rig...