Search found 3873 matches

by simplesimon
Mon Sep 28, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

I set up auto-pay on the Lenderfi servicing site - can I just forget about it now that it's automated or have people had issues with the servicing for other reasons?
by simplesimon
Thu Sep 24, 2020 12:33 pm
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 150
Views: 13439

Re: Long Suffering VXUS Holder No More

Why not go VT/BND? (Total World/Total Bond) That way you won't be torturing yourself looking at US vs International performance. You don't look at Large Cap Growth vs Total US do you?
by simplesimon
Thu Sep 24, 2020 11:09 am
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 150
Views: 13439

Re: Long Suffering VXUS Holder No More

OP here. Thanks for all the really thoughtful replies. A little more background. We been with Vanguard 30+ years. We're nearing retirement and have a large amount of money in the market. So we don't need to chase return to feel comfortable with our savings level. I think that in part is why the Van...
by simplesimon
Thu Sep 24, 2020 7:43 am
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 150
Views: 13439

Re: Long Suffering VXUS Holder No More

When you buy VTI these days you're basically saying "I'm going to take 15% of that money and buy three stocks."
by simplesimon
Tue Sep 22, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

A friend of mine closed on 8/22 and just told me he got a notice that servicing is with Amerihome.

I closed on 8/24 and am hoping to hear an update soon.
by simplesimon
Fri Sep 18, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4645

Re: Reason not to rent out your old house?

There's nothing necessarily wrong with it, but most people aren't rational about it. Look up "endowment effect".

If you had the home equity in cash, would you buy the house and rent it? Or invest it in mutual funds? Or do something else with it?
by simplesimon
Fri Sep 18, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 4131

Re: EE Bonds and Sequence of Returns Risk

Does it make sense to buy them at age 35? It depends. You really don't want to have they mature in your peak earning years. The bonds you buy today will have to be cashed out when you turn 65 (30 years from now). If you are in a high tax bracket at age 65, it might throw a monkey wrench in your tax...
by simplesimon
Fri Sep 18, 2020 7:21 am
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 4131

Re: EE Bonds and Sequence of Returns Risk

Does it make sense to buy them at age 35? I may be in a higher tax bracket at age 55, but EE bonds look like a free lunch compared to the 10/30 year Treasury (if held to maturity) and I would count them as part of my bond allocation.
by simplesimon
Thu Sep 17, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 4131

Re: EE Bonds and Sequence of Returns Risk

One risk that should be considered is the possibility of the terms of the EE Bond changing (or going away altogether). People on this board have brought up the possibility of EE Bonds increasing their doubling period. (This doubling period was increased from 17 years to its current 20 years so ther...
by simplesimon
Thu Sep 17, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: EE Bonds and Sequence of Returns Risk
Replies: 56
Views: 4131

Re: EE Bonds and Sequence of Returns Risk

One risk that should be considered is the possibility of the terms of the EE Bond changing (or going away altogether). People on this board have brought up the possibility of EE Bonds increasing their doubling period. (This doubling period was increased from 17 years to its current 20 years so ther...
by simplesimon
Wed Sep 16, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

At what inflation rate? I'm still surprised it works and would be biting my nails if I tried it. It's using CPI to project the inflation rate, which honestly means that it's probably overestimating. MMM started a second career. Who or what is "MMM"? Mr. Money Mustache - a guy who blogs about extrem...
by simplesimon
Wed Sep 16, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 20706

Re: Preparing for retirement in mid 30s

OP my only suggestion is to diversify some of your VOO into VXUS. 60 years is a long time to bet on US equity dominance. I don't trust foreign political systems. There is too much potential for shenannigans. The US political system has its problems but it is one of the the least worst options out t...
by simplesimon
Tue Sep 15, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: New Chase Card and Changes to Two Current Cards
Replies: 14
Views: 1941

Re: New Chase Card and Changes to Two Current Cards

I have until January to cancel my Chase Sapphire Reserve card and will likely do so if nothing changes.

I have the original Freedom card and will just convert it to either the Unlimited or Flex.
by simplesimon
Mon Sep 14, 2020 8:06 am
Forum: Investing - Theory, News & General
Topic: Best place to "park" a large amount of cash
Replies: 11
Views: 1595

Re: Best place to "park" a large amount of cash

I would not be concerned about the after-tax yield on any of Vanguard's money market funds right now. They're all going to be pretty close to zero. Depending on the figure you're talking about it may be worth looking at opening a couple of online savings accounts. Ally's currently offering a yield o...
by simplesimon
Sun Sep 13, 2020 10:11 am
Forum: Investing - Theory, News & General
Topic: How much money has been transferred out of Prime Money Market in the past year??
Replies: 13
Views: 1697

Re: How much money has been transferred out of Prime Money Market in the past year??

I did take all my money out of it and into Ally's no-penalty CD's, but clearly most people sitting in Prime MM are not concerned about yield. Thank you lawdawg, too many numbers ! Still, it seems like such a small amount relative to where it started in 2019 given the yields we've had this past year...
by simplesimon
Sun Sep 13, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 191
Views: 10803

Re: Reasons to invest internationally, or not.

Sentiment on these boards seem to have shifted slightly to pro-international investing based on recent new thread topics. I might have to sell my international holdings soon... Interesting, it seems the opposite to me ... sentiment over the past several years seems to have shifted away from interna...
by simplesimon
Sat Sep 12, 2020 7:52 pm
Forum: Investing - Theory, News & General
Topic: Reasons to invest internationally, or not.
Replies: 191
Views: 10803

Re: Reasons to invest internationally, or not.

Sentiment on these boards seem to have shifted slightly to pro-international investing based on recent new thread topics. I might have to sell my international holdings soon...
by simplesimon
Sat Sep 12, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: How much money has been transferred out of Prime Money Market in the past year??
Replies: 13
Views: 1697

Re: How much money has been transferred out of Prime Money Market in the past year??

I did take all my money out of it and into Ally's no-penalty CD's, but clearly most people sitting in Prime MM are not concerned about yield. Thank you lawdawg, too many numbers ! Still, it seems like such a small amount relative to where it started in 2019 given the yields we've had this past year....
by simplesimon
Fri Sep 11, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 245
Views: 14916

Re: What is the single best piece of exercise equipment you bought for your home?

I answered power rack and barbell upthread, but after 3.5 months on the waitlist I was finally able to order a Concept2 indoor rower to supplement my lifting. I used to just crank on it hard for sprints at the gym, but decided to follow a more structured program and learn how to row well. I'm pretty...
by simplesimon
Thu Sep 03, 2020 8:13 am
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 35
Views: 1787

Re: Mutual Bank Conversion IPO

I also happened to have an account at Eastern Bank and am considering buying shares. Just got the prospectus and have been reading it. One thing I'm trying to understand is how a mutual conversion works at a high level. In the IPO, basically the bank is sold to the investors. However, the bank gets...
by simplesimon
Thu Sep 03, 2020 5:21 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1715
Views: 223471

Re: Post your Financial Milestone Announcements Here

PhillyPhan wrote: Wed Aug 26, 2020 6:52 pm
davidsorensen32 wrote: Wed Aug 26, 2020 5:59 pm So far this year my networth has increased $1,000 every day from 1/1 through today. How’s that for a milestone ?
Love it! - You can honestly say "I made a G today" - name that artist
But you made it in a (un)sleazy way.
by simplesimon
Wed Sep 02, 2020 8:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8977
Views: 712885

Re: U.S. stocks continue to soar!

Top 5 companies in the S&P500 now make up 25%, not concerning to anyone? Has happened during huge bubbles near the peak Gambling 25% of one's portfolio on individual stocks is discouraged on this board. Yet when those 5 stocks are part of the SP500 it is accepted. This seems somewhat funny. I am no...
by simplesimon
Wed Sep 02, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8977
Views: 712885

Re: U.S. stocks continue to soar!

I've been taking a few grand off the table here and there - not much in the grand scheme of things but it feels like I'm doing the right thing and selling high.
by simplesimon
Tue Sep 01, 2020 3:03 pm
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 35
Views: 1787

Re: Mutual Bank Conversion IPO

One Note: They would rather I purchase the stock via money order or check directed to Keefe, Bruyette... and I would rather purchase it via my brokerage account. I'm still waiting on those instructions. Not likely to happen since the shares are allocated before they hit the open market. They're pro...
by simplesimon
Mon Aug 31, 2020 7:58 pm
Forum: Investing - Theory, News & General
Topic: Best place to place cash given low yields of MM funds?
Replies: 7
Views: 1355

Re: Best place to place cash given low yields of MM funds?

Option 3) Just accept low yields as the cost of insurance when it comes to an emergency fund. I keep my emergency fund in no-penalty CDs at Ally. Currently they're still yielding >1% but I'm assuming that when they start to mature next year the new CDs will earn much less. In my mind, that's just t...
by simplesimon
Mon Aug 31, 2020 9:29 am
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 35
Views: 1787

Re: Mutual Bank Conversion IPO

David Jay wrote: Fri Aug 28, 2020 10:50 amFrom their 13F reports, institutional holdings went from 1.7 Billion at the end of last year to 1.5 Million in the second quarter which feels very curious to me.
I'm not seeing the same thing. Where are you looking?
by simplesimon
Sun Aug 30, 2020 6:38 pm
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 35
Views: 1787

Re: Mutual Bank Conversion IPO

I also got the packet and I'm trying to figure out if I should do the IPO. I'm really conflicted about if I should invest. Most of what I see on the internet says the IPO is a good deal. On the flip side, my experience with the bank branch I deal with is very poor. I don't know if it is incompetenc...
by simplesimon
Sun Aug 30, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: National Flood Insurance Program coverage
Replies: 18
Views: 1390

Re: National Flood Insurance Program coverage

Why not just remove the debris around the storm drains? You can do it for free in a few mins and it helps the entire neighborhood. Just because flood insurance premium is cheap, doesn't mean everyone needs to purchase it. Purchasing insurance when you have minimal risk, is just a way to subsidize i...
by simplesimon
Sat Aug 29, 2020 9:35 pm
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 35
Views: 1787

Re: Mutual Bank Conversion IPO

1.0x price-to-tangible book value is the benchmark. Good banks generate a large portion of revenues from non-interest sources, have strong balance sheets, and growth prospects. JPM is >1.5x. SAN is at <0.5x. The prospectus says at $10/share, price-to-tangible book value is around 0.6x-0.7x. It is a ...
by simplesimon
Fri Aug 28, 2020 1:55 pm
Forum: Personal Investments
Topic: What to do with unused emergency fund?
Replies: 39
Views: 3373

Re: What to do with unused emergency fund?

What do you do with the unused fire extinguisher in your kitchen?

You do have one in your kitchen, don't you?
by simplesimon
Fri Aug 28, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

Thanks for the feedback everyone, greatly appreciate it.

Definitely a lifestyle choice...going to try to quantify what this choice costs.
by simplesimon
Wed Aug 26, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

How do you guys prefer to pay the closing amount to Amrock? Should I wire or ACH? Or it doesn't matter. I think I read earlier somewhere that there was no confirmation for ACH? I did an ACH. There was no confirmation of the specific amount/transaction but I got an email from Amrock after I sent it ...
by simplesimon
Wed Aug 26, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

aristotelian wrote: Wed Aug 26, 2020 7:34 am How much do they spend annually?
$36k/year
by simplesimon
Wed Aug 26, 2020 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

Personally I am skeptical that they will since they will be away from their friends, activities, church, hobbies, etc and even if they see you a few times a week that stills leaves a lot of time that they may not have a lot to do after the newness of being in a new city wears off. They feel like th...
by simplesimon
Tue Aug 25, 2020 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

pasadena wrote: Tue Aug 25, 2020 7:50 pm Do they want to move to the East coast and use their current CA home as a vacation / winter home? Or do they want to have a homebase on the East coast for whenever they come visit their children?
It’d be approximately split 50/50.
by simplesimon
Tue Aug 25, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

delamer wrote: Tue Aug 25, 2020 1:11 pm A smallish condo in a secure building.

Probably a large downpayment and a mortgage for the rest.

So much depends on the how much places costs where they want to buy.
2/2 condos run about $450k in the suburbs.
by simplesimon
Tue Aug 25, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

Added to OP that their current annual expenses are about $36k/year.

Good point about getting used to retirement. With covid shutting down their retirement travel plans they’re a little restless.
by simplesimon
Tue Aug 25, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Re: Advising retired couple on buying second home

I don't recommend that someone buy a second home 3,000 miles from their primary. I certainly wouldn't encourage flying for the next six months or so until this Covid 19 crisis is managed. Do you generally advise against snowbirding or is this because the coasts are much further apart? Another would...
by simplesimon
Tue Aug 25, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

LenderFi reached out and assigned a day for notary for tomorrow. But I haven't received any final closing amount. Am I missing something here? Are we not supposed to cut the check to them on the same day for any closing cost? I got the final closing disclosure very shortly before getting an appoint...
by simplesimon
Tue Aug 25, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

LenderFi reached out and assigned a day for notary for tomorrow. But I haven't received any final closing amount. Am I missing something here? Are we not supposed to cut the check to them on the same day for any closing cost? I got the final closing disclosure very shortly before getting an appoint...
by simplesimon
Tue Aug 25, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Advising retired couple on buying second home
Replies: 33
Views: 2797

Advising retired couple on buying second home

A newly retired couple is looking to buy a second home to be closer to children/grandchildren. The couple has lived in CA for 40 years (30 years in the same house) while their children live on the east coast. What kind of place would you buy and how would you finance it? What other things need to be...
by simplesimon
Mon Aug 24, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: National Flood Insurance Program coverage
Replies: 18
Views: 1390

Re: Is FEMA's flood coverage enough?

Update: We had two huge storms this summer (4" of rain in an hour). The first one was no problem for us other than a power outage for a few hours. Last night was the second one and the street was flooded because the two storm drains were completely clogged from debris blown down by high winds. Fortu...
by simplesimon
Thu Aug 20, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

Your interest calculations on both sides should reflect the funding date, not closing date. So if your funding date is 4 days after closing then you would owe interest to the old bank until that day and then your prepaid interest should begin after This is essentially true, but we should expand it....
by simplesimon
Thu Aug 20, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

I did my ACH after the closing, it was fine. So you have time, I would call Amrock to tell them the issue. Wonder why ACH after signing is okay LenderFi doesn't sent the funds to the settlement agent until the 4th business day after closing, and the settlement agent doesn't start the process to rec...
by simplesimon
Thu Aug 20, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1267
Views: 111938

Re: My LenderFi refinance is going well

I did my ACH after the closing, it was fine. So you have time, I would call Amrock to tell them the issue. I just scheduled my closing which will be Monday at 8am. Wonder why ACH after signing is okay, because I'd prefer this over wiring the money. I entered the loan number that was on my disclosur...
by simplesimon
Thu Aug 20, 2020 4:58 am
Forum: Investing - Theory, News & General
Topic: Investment strategies for high net worth individuals
Replies: 56
Views: 5303

Re: Investment strategies for high net worth individuals

Let’s flip it...other than getting access why wouldn’t a strategy for HNW individual work for someone with low net worth? Are we talking about ROI or tax management?
by simplesimon
Thu Aug 20, 2020 4:22 am
Forum: Personal Consumer Issues
Topic: Barbells
Replies: 65
Views: 5643

Re: Barbells

I was able to order this bar and should have it in about six weeks: https://www.titan.fitness/strength/barbells/olympic/blues-city-power-bar-%7C-made-in-usa-%7C-black-oxide/400806.html It appears to be a strong competitor to the Ohio Power Bar. I will be using it for squats, deadlift, press, bench ...
by simplesimon
Wed Aug 19, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Barbells
Replies: 65
Views: 5643

Re: Barbells

I was able to order this bar and should have it in about six weeks: https://www.titan.fitness/strength/barbells/olympic/blues-city-power-bar-%7C-made-in-usa-%7C-black-oxide/400806.html It appears to be a strong competitor to the Ohio Power Bar. I will be using it for squats, deadlift, press, bench ...
by simplesimon
Wed Aug 19, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to drop disability insurance?
Replies: 13
Views: 1083

Re: Is it time to drop disability insurance?

Doesn't one have the most to "gain" from disability insurance the closer you are to the term of the policy?

Seems very cheap for a 50 year old even if you are healthy today.

What if you are both disabled?
by simplesimon
Wed Aug 19, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Downpayment for House
Replies: 5
Views: 794

Re: Downpayment for House

Few questions: 1. We currently have $5-$600K saved for a down payment. We have another $700K which would become available after the sale of our current home. What is the best strategy in utilizing this money? Should we put all down payment money down on the house or just do the standard 20%? Do we ...