Search found 530 matches

by Startled Cat
Sun May 23, 2021 3:08 pm
Forum: Personal Investments
Topic: Int'l Large Value
Replies: 14
Views: 1511

Re: Int'l Large Value

The undervaluation in international stocks is so widespread that I'm bullish on everything - small cap, large cap, developed markets, and emerging markets. Interesting how closely your strategy and portfolio resemble my own. I have significant positions in FNDE, FNDF, FNDC, EWX, and recently starte...
by Startled Cat
Tue May 11, 2021 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 868
Views: 135420

Re: Relationship mortgage discounts for moving a million assets

Is BofA getting aggressive? My BofA rep came from out of the blue with a quote for a 2% coupon / 2.4% APR 7y ARM IO refi. Moving $500k in new assets to BAML reduces it another 25 bps for 1.75%/2.15% APR all in. That seems pretty wild for an IO. The quote actually had no penalty for choosing an IO v...
by Startled Cat
Mon May 03, 2021 10:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity DAF fee structure with low/zero balance
Replies: 2
Views: 419

Re: Fidelity DAF fee structure with low/zero balance

Hello Bogleheads, I couldn't find an answer to this in Fidelity's materials. Before I try to reach out to Fidelity directly, I'm curious if anybody is familiar with the Fidelity DAF fee structure with a zero balance and could share first hand experience. I mostly intend to give shares to the DAF an...
by Startled Cat
Sun Apr 18, 2021 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 50
Views: 6684

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

yoyo6713 wrote: Fri Apr 02, 2021 8:02 pm I was also worried about credit utilization. They said it won't be reported to credit bureaus. At least not now but they do reserve the right to report.
This is definitely encouraging. Curious if anyone who has drawn from the LOC can confirm how it looks on their credit report.
by Startled Cat
Mon Apr 05, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Adding GF to work benefits
Replies: 24
Views: 2080

Re: Adding GF to work benefits

My company has the option to add a "domestic partner" to my benefits, if I meet certain criteria with the relationship (which I do, this is a long time live-with GF scenario). The only "gotcha" with this since it is a domestic partner (and not a spouse) any health insurance cost...
by Startled Cat
Thu Mar 11, 2021 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 50
Views: 6684

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

Their terms say: Rates shown include relationship-based pricing adjustments of: 1) 2.00% for maintaining automatic payments and direct deposit with the Account, 2) 0.50% for depositing and maintaining a deposit balance of at least 10% of the approved loan amount into the Account, and 3) an addition...
by Startled Cat
Mon Mar 08, 2021 11:43 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness: The Long Run Is Lying To You
Replies: 86
Views: 11372

Re: Cliff Asness: The Long Run Is Lying To You

TheLaughingCow wrote: Mon Mar 08, 2021 10:39 pm BRK - reliant on multiple monopolies including GEICO, Coke, Precision Castparts, American Express, and Apple
It's strange to me to see these called out as monopolies. Okay, Apple has some monopolistic characteristics, but GEICO and American Express??
by Startled Cat
Sat Mar 06, 2021 11:47 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2944
Views: 469988

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Sure, in that case if the stock loses value your 1099d income will be less than the 1k bonus and if it gains value it could be higher. Either way 1% give or take of free compensation to move securities is better than picking up quarters on the street. Agreed, it's a great promo and worth taking adv...
by Startled Cat
Sat Mar 06, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2944
Views: 469988

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Because the vested price is apparently your cost basis instead of the price on the date if the gift. I guess it depends on what price they 1099 you for the free stock. I'm not a tax expert, but I would expect that if the cost basis is the value at vesting time, that's the value they'll put on the 1...
by Startled Cat
Sat Mar 06, 2021 11:10 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2944
Views: 469988

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

tj wrote: Sat Mar 06, 2021 10:13 am Hmm, that's potentially even better. You don't have to pay taxes on the gain prior to the stock vesting!
How do you figure?
by Startled Cat
Fri Mar 05, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 50
Views: 6684

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

Their terms say: Rates shown include relationship-based pricing adjustments of: 1) 2.00% for maintaining automatic payments and direct deposit with the Account, 2) 0.50% for depositing and maintaining a deposit balance of at least 10% of the approved loan amount into the Account, and 3) an additiona...
by Startled Cat
Fri Mar 05, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 50
Views: 6684

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

I'm thinking about using this as a backstop for IB margin (currently 1.57% below $100k, and less above). Buying ETFs on margin would qualify for the investment interest expense tax deduction, making the effective interest rate even lower. But margin rates can fluctuate and the amount of collateral r...
by Startled Cat
Sun Feb 07, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 868
Views: 135420

Re: Relationship mortgage discounts for moving a million assets

What rates are people seeing right now for jumbo refis? I currently have a 2.625% 10/1 ARM with BofA. WF told me the best they can offer after a relationship discount is to match my current rate.

My LTV is close to 80%, so that may be a factor.
by Startled Cat
Wed Feb 03, 2021 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve retention offer - was worth the effort
Replies: 102
Views: 16176

Re: Chase Sapphire Reserve retention offer - was worth the effort

No retention offer for me. I use the card exclusively for 3x categories and my usage has been fairly light due to COVID. I have other cards from Chase but no other products or services.
by Startled Cat
Tue Feb 02, 2021 9:31 am
Forum: Personal Finance (Not Investing)
Topic: HMO vs PPO decision with major premium difference
Replies: 20
Views: 1335

HMO vs PPO decision with major premium difference

Every year when I elect health insurance coverage, I hesitate because the option I prefer costs my employer so much less. I wonder if I would be unwisely choosing an inferior plan. My choice is between Kaiser HMO (Norcal), which costs my employer about $6k/year, and an Anthem PPO plan which costs th...
by Startled Cat
Sun Jan 24, 2021 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 502
Views: 227266

Re: The Mega Backdoor Roth IRA

First, employee after-tax contributions are not deferrals . There are only traditional (pre-tax) and Roth (post-tax) deferrals. Employer's have until their tax filing deadline including extensions to make employer contributions and take the deduction for them to count for the prior tax year. Thank ...
by Startled Cat
Sun Jan 24, 2021 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 502
Views: 227266

Re: The Mega Backdoor Roth IRA

How do people coordinate after-tax deferrals with nonelective employer contributions to avoid exceeding the annual limit? When an employer contributes, say, 3% of salary as a nonelective contribution (separate from the match), and the contribution hits the account shortly after the end of the year t...
by Startled Cat
Sat Jan 23, 2021 4:45 pm
Forum: Personal Investments
Topic: Thoughts on Fidelity's new low-cost personal annuity?
Replies: 26
Views: 3929

Re: Thoughts on Fidelity's new low-cost personal annuity?

I agree with converting capital gain to OI. But what about the following... - Imagine total investments of $5 million, with $3 million of equities and $2 million of fixed income (60/40 split) - $1 million of Roth, holding $1 million of the equity position - So $2 million of equities in taxable and ...
by Startled Cat
Fri Jan 22, 2021 8:41 pm
Forum: Personal Investments
Topic: Calculating the value of Mega Backdoor Roth
Replies: 12
Views: 1019

Re: Calculating the value of Mega Backdoor Roth

Jacotus wrote: Fri Jan 22, 2021 8:36 pm Agree with this on needing to account for state income tax as well as tax drag on dividends. But wouldn't the penalty on qualified dividends be less than 40%, i.e. 15% + state tax?
It can be 20% + 3.8% NIIT + state tax, which pushes the total very close to 40% in some states/situations.
by Startled Cat
Thu Jan 21, 2021 11:12 am
Forum: Personal Investments
Topic: 401k nonelective employer contributions and annual limit
Replies: 0
Views: 130

401k nonelective employer contributions and annual limit

A quick question with relevance to mega backdoor Roth: when an employer makes a nonelective contribution for 2020 in early 2021, does that amount count towards the 2020 or 2021 annual 401k limit? Example plan language: Generally, Company Non-Elective Contributions will be made as soon as practicable...
by Startled Cat
Wed Jan 20, 2021 12:22 am
Forum: Personal Consumer Issues
Topic: Amazon Firestick vs. Roku
Replies: 72
Views: 4436

Re: Amazon Firestick vs. Roku

Prefer Roku. Tried a firestick...sound wouldn't sync up with lips. Returned it. Also prefer the Roku interface more but that's just personal preference. This drives me crazy. I have to restart my Fire TV Stick every few days to get the audio back in sync. It's a nice little device, but I can't reco...
by Startled Cat
Fri Jan 15, 2021 10:48 pm
Forum: Personal Consumer Issues
Topic: Home comfort mystery
Replies: 33
Views: 3490

Re: Home comfort mystery

rob wrote: Fri Jan 15, 2021 9:51 pm I have a large room (60x60) with high ceilings (25 feet) and one of the directional blowers makes a HUGE difference in winter... The heat clings to the roof.
Is the idea to move air that would otherwise stay near the ceiling? Where do you point the blower?
by Startled Cat
Fri Jan 15, 2021 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 88
Views: 9802

Re: Merrill Edge $900 preferred rewards brokerage bonus

I only have another $100k sitting in a VG taxable brokerage at the moment. So here's the (probably dumb) question. Can I transfer $100k from ME to VG, then transfer $200k from VG to ME to meet the conditions of the bonus? Or do they (obviously) compute the bonus based on net transfers to the accoun...
by Startled Cat
Fri Jan 15, 2021 9:33 am
Forum: Personal Consumer Issues
Topic: Home comfort mystery
Replies: 33
Views: 3490

Re: Home comfort mystery

Have you lost weight recently? I lost about 40 pounds and went from riding the chair lift at a ski area in 0 degree weather with my jacket open to feeling like my fingers are freezing in just 30 degree weather. You say humidity is not a factor. Are you sure? Cold winter air will squeeze moisture ou...
by Startled Cat
Fri Jan 15, 2021 1:04 am
Forum: Personal Consumer Issues
Topic: Home comfort mystery
Replies: 33
Views: 3490

Home comfort mystery

I live in a large loft apartment with very high ceilings and many windows. This winter, being home all the time due to the pandemic, I decided to stay comfortable in my isolation and set the thermostat at 69F during waking hours, whereas I used to go slightly lower, and used to only run the heat dur...
by Startled Cat
Thu Oct 22, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 223
Views: 15043

Re: Software developer about to seek new opportunities -- discuss salary up front?

2. It ignores compensation upside potential. The Charlotte person being paid $220k is probably paid with mostly base, some bonus, and some stock (if any). The Bay Area person being paid $500k is probably being paid half base and half stock. Stock can go wild without any individual effort by the per...
by Startled Cat
Tue Oct 20, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs
Replies: 144
Views: 14761

Re: Ally Bank Removed Online Early Withdrawal From No-Penalty CDs

It's been like this for a few months and it's a very negative change for me. I've had to call a few times already to do early withdrawals. The last time the call took over half an hour, and I was passed to a different representative due to technical difficulties. When they finally got past the techn...
by Startled Cat
Thu Oct 01, 2020 10:15 am
Forum: Personal Consumer Issues
Topic: Indoor bike trainer options
Replies: 23
Views: 1704

Re: Indoor bike trainer options

After doing a bit more research, I'm now leaning towards Kickr CORE or a similar direct drive model (Elite Suito or Tacx Flux S). I'm not thrilled about the prices, though. Also, my 3 bikes have 9 speed, 10 speed, and 11 speed rear shifters, so with a direct drive setup I'd have to pick one bike for...
by Startled Cat
Wed Sep 30, 2020 2:53 pm
Forum: Personal Consumer Issues
Topic: Indoor bike trainer options
Replies: 23
Views: 1704

Re: Indoor bike trainer options

Thanks for the replies, these are very helpful! Strong advocate for the Kickr Core here. I have one and its rock solid. As others have mentioned, I'd recommend making the purchase at REI. I used a 20% coupon + got my 10% dividend when purchasing. You are going to have trouble doing better than that ...
by Startled Cat
Wed Sep 30, 2020 11:31 am
Forum: Personal Consumer Issues
Topic: Indoor bike trainer options
Replies: 23
Views: 1704

Indoor bike trainer options

I've always enjoyed getting out on bike rides to get some fresh air and exercise, and recently I've doubled down on this, making an hour long hilly exercise ride part of my daily routine. Now that the rainy season is approaching, and I'm becoming increasingly conscious of the high risk of this style...
by Startled Cat
Sun Sep 13, 2020 11:56 pm
Forum: Personal Investments
Topic: Did I buy the wrong Treasury?
Replies: 8
Views: 1705

Re: Did I buy the wrong Treasury?

I'm finally doing my taxes, and I rediscovered this issue that I posted about two years ago. A search for information to clear this up led me back to my own post. I held the bond to maturity, but my broker still reported the difference between the cost basis and the par value as "accrued market...
by Startled Cat
Sat Jul 25, 2020 12:21 pm
Forum: Investing - Theory, News & General
Topic: IRR averaging as an accumulation method
Replies: 1
Views: 280

IRR averaging as an accumulation method

There’s widespread consensus on this forum that lump-summing contributions into the market as quickly as possible maximizes expected return, compared to alternatives like DCA. However, lump summing can have behavioral pitfalls - it can be difficult to invest a large sum after a big runup in the stoc...
by Startled Cat
Sat Jul 25, 2020 9:59 am
Forum: Personal Investments
Topic: A low-risk idea to take advantage of low mortgage rates
Replies: 29
Views: 2719

Re: A low-risk idea to take advantage of low mortgage rates

Isn’t the key risk here that you end up moving before the annuity returns your principal? Then you’ve lost your cheap financing, but are stuck in the other side of the trade.
by Startled Cat
Sun Jun 28, 2020 12:00 pm
Forum: Personal Investments
Topic: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?
Replies: 36
Views: 4830

Re: Looking for a More Tax-Efficient Intl Index Fund than Vanguard Total International (VTIAX)?

SCHF looks pretty good based on 2019 QDI numbers. It paid 90% qualified dividends , versus 84% for IEFA and 82% for IDEV . It also has a lower dividend yield than either iShares alternative, if Morningstar is to be believed (3.43% TTM vs. 3.71% for either IEFA or IDEV). SCHE (emerging markets) also ...
by Startled Cat
Sun Apr 19, 2020 9:04 am
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 14479

Re: Best Hub Bank

There's one hitch though. Some people might find themselves occasionally breaching the $250,000 FDIC limit. At that point, you start to worry about the solvency of the underlying institution. It’s quite straightforward to extend the FDIC coverage limit by adding beneficiaries. For example, if you h...
by Startled Cat
Sat Apr 04, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How long before online savings get close to 0%?
Replies: 18
Views: 2602

Re: How long before online savings get close to 0%?

Another vote for Ally no-penalty CDs. The rate is slightly higher than the savings account rate, so there's really no downside to locking in the rate with a CD. I've opened a bunch of these in recent weeks.
by Startled Cat
Tue Mar 17, 2020 12:37 am
Forum: Investing - Theory, News & General
Topic: $19 Trillion in Corporate Debt At Risk of Default
Replies: 167
Views: 11667

Re: $19 Trillion in Corporate Debt At Risk of Default

willthrill81 wrote: Tue Mar 17, 2020 12:27 am I don't always agree with Larry Swedroe, but his advice to 'take your risk on the equity side' is spot on.
Yeah? How's that working out for you right now?
by Startled Cat
Sun Mar 08, 2020 10:35 am
Forum: Personal Investments
Topic: Move from bonds to Money Market,CDs, savings acct, etc.?[UPDATE]
Replies: 98
Views: 9260

Re: Move from bonds to Money Market,CDs, savings acct, etc.?

I think we're getting to the point where it makes sense to reevaluate the traditional role of bonds in asset allocation. With bond yields so low that they are unlikely to generate positive after-tax real returns going forward, the orthodoxy of having a significant fraction of one's asset allocation ...
by Startled Cat
Sat Feb 29, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 868
Views: 135420

Re: Relationship mortgage discounts for moving a million assets

I've gotten extremely aggressive pricing from Citi. 2.375% on a 10/1 with $1M in assets, no closing credits. Mortgage balance approx $1.5M. They're also offering a 30-year fixed, where the first ten years interest-only for 3.25%. That's a product I didn't even know existed. It's the upside of an in...
by Startled Cat
Sat Feb 29, 2020 11:12 am
Forum: Personal Consumer Issues
Topic: HMO vs PPO when premium isn't a factor
Replies: 1
Views: 217

HMO vs PPO when premium isn't a factor

My employer offers me a choice of health insurers between a HMO (Kaiser Permanente) and a PPO (Blue Shield), and pays 95% of the premium for either option. I've been using Kaiser for about 10 years and am satisfied overall. I like having everything under one roof, and not having to think about the c...
by Startled Cat
Fri Feb 28, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 868
Views: 135420

Re: Relationship mortgage discounts for moving a million assets

I've gotten extremely aggressive pricing from Citi. 2.375% on a 10/1 with $1M in assets, no closing credits. Mortgage balance approx $1.5M. They're also offering a 30-year fixed, where the first ten years interest-only for 3.25%. That's a product I didn't even know existed. It's the upside of an in...
by Startled Cat
Sat Feb 22, 2020 2:02 am
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 93
Views: 10616

Re: Interest only mortgage: the conservative choice?

Interest only makes a lot of sense. I strongly considered doing 2.75% I/O instead of 2.625% with amortization, and narrowly went with the lower rate. In retrospect I think I should have gone with interest only, and will lean in that direction if/when I refinance again.
by Startled Cat
Thu Feb 20, 2020 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 868
Views: 135420

Re: Relationship mortgage discounts for moving a million assets

I’m strongly considering refi’ing my $1.2M note with them now. Seems worth checking if other banks can match or beat the rates. I'm curious for recent data points on 10/1 or 7/1 ARMs. Wells Fargo shows a 2.625% 7/1 jumbo purchase rate on their web site, without any relationship discount. But for re...
by Startled Cat
Thu Feb 20, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: EFAV has more tax cost than EDV
Replies: 4
Views: 685

Re: EFAV has more tax cost than EDV

This is where a tax-managed international ETF would really come in handy. I'm not aware of any, but they would fill an important need. IQLT looks interesting. I don't know offhand how its exposure to various regions and factors differs from a market-weighted index, though, and its ER is a bit high. ...
by Startled Cat
Tue Feb 11, 2020 10:05 am
Forum: Personal Investments
Topic: VTI and VXUS in Fidelity account?
Replies: 6
Views: 1349

Re: VTI and VXUS in Fidelity account?

IXUS is extremely similar to VXUS but consistently more tax-efficient.
by Startled Cat
Sun Feb 09, 2020 3:13 pm
Forum: Investing - Theory, News & General
Topic: [Not a bad choice for your EM equity exposure (EYLD)]
Replies: 56
Views: 5264

Re: [Not a bad choice for your EM equity exposure (EYLD)]

There's never anything wrong with that. I still own some VWO. I guess I just don't see EM as a single market in the way that US equities are, or even developed market equities. And I have concerns with market conditions in some of the countries that EYLD addresses (in addition to having strong valu...
by Startled Cat
Sun Feb 09, 2020 2:29 pm
Forum: Investing - Theory, News & General
Topic: 2019 QDI figures for international
Replies: 1
Views: 538

2019 QDI figures for international

I took a look at the 2019 qualified dividend percentages for some international funds and they're not very pretty. 2019 QDI%: VEA Vanguard FTSE Developed Markets ETF 76.35% VXUS Vanguard Total International Stock ETF 64.86% VWO Vanguard FTSE Emerging Markets ETF 38.41% IEFA iShares Core MSCI EAFE ET...
by Startled Cat
Mon Jan 27, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Yet another thread on fixed vs ARM
Replies: 15
Views: 924

Re: Yet another thread on fixed vs ARM

I had the exact same rates to choose from recently. I went with the ARM. I think the interest savings is compelling, and I wasn't confident enough that I would live in the same home for >11-12 years to make paying extra for the 30 year loan worthwhile.
by Startled Cat
Mon Jan 27, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1870
Views: 280365

Re: Fidelity as a one stop shop

boston10 wrote: Mon Jan 27, 2020 10:50 am Yuck. So I gather that omits the Medicare taxes, presumably in error?
The additional Medicare tax only applies to earned income. The 3.8% NIIT and 0.9% additional Medicare tax would not apply to the same income.
by Startled Cat
Mon Jan 27, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1870
Views: 280365

Re: Fidelity as a one stop shop

How is this possible? Top federal income tax rate is 37%. If you're that high you're paying the additional Medicare tax but not Social Security, so regular Medicare + Additional Medicare = 2.35%. So 39.35% is the top possible federal rate, no? 44.5% would be the marginal rate on interest from: 35% ...