Search found 464 matches

by CT-Scott
Thu Sep 10, 2020 9:00 pm
Forum: Personal Consumer Issues
Topic: Solar in CT - Worth it?
Replies: 10
Views: 830

Re: Solar in CT - Worth it?

Project Sunroof doesn't cover my address.

I'll take a closer look at energysage.com

Thanks for the replies so far.
by CT-Scott
Thu Sep 10, 2020 6:32 pm
Forum: Personal Consumer Issues
Topic: Solar in CT - Worth it?
Replies: 10
Views: 830

Solar in CT - Worth it?

We just moved from one town in CT to another, and I'm thinking that maybe this will be our "forever home" (unlike our last four). So I got to thinking about the idea of solar, but some of what I've read has indicated that CT pretty much sucks for going to solar these days because of the ch...
by CT-Scott
Thu Jul 30, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5738

Re: Can we afford a second home?

I’m sitting on the sofa in my second home. Here’s why/how we got here. In 2000 DH had a heart attack at age 48 -stress related. Then 9/11 happened. We looked at each other and said “what are we waiting for?” We bought a modest (275k) home on an acre in a resort development in the mts near where I g...
by CT-Scott
Thu Jul 30, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: I agree that Investing is better than paying off mortage but.....
Replies: 75
Views: 7019

Re: I agree that Investing is better than paying off mortage but.....

I'm a bit late to this thread. I'm disappointed, but not surprised, that no one who is in favor you paying down your mortgage asked you whether you see yourself retiring in that house, or even whether you saw yourself still being there 10 years or 5 years from now. Because it's irrelevant. The clos...
by CT-Scott
Thu Jul 30, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: I agree that Investing is better than paying off mortage but.....
Replies: 75
Views: 7019

Re: I agree that Investing is better than paying off mortage but.....

I'm a bit late to this thread. I'm disappointed, but not surprised, that no one who is in favor you paying down your mortgage asked you whether you see yourself retiring in that house, or even whether you saw yourself still being there 10 years or 5 years from now. Maybe I'm odd, but I'm shy of 50 a...
by CT-Scott
Thu Jul 30, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question: any reason NOT to put 15% down with no PMI?
Replies: 8
Views: 462

Re: Mortgage Question: any reason NOT to put 15% down with no PMI?

So the rate is the same for 15% down vs 20% down and no PMI? I assumed that I needed to put down 20% to avoid PMI, so I didn't even ask our lender if putting less down was an option. But after the appraisal came back a bit higher on the house we are buying I did ask if we had the option of rolling s...
by CT-Scott
Thu Jul 30, 2020 7:42 am
Forum: Personal Finance (Not Investing)
Topic: When to self insure for things like cars? (prefer mathematical model)
Replies: 91
Views: 6891

Re: When to self insure for things like cars? (prefer mathematical model)

Wait...so is C&C only for accidents that get repaired? If I have a car worth $4000 and don't have C&C and the car gets "totaled" the auto insurance will pay me the car's current KBB value? What coverage covers that, if not C&C? If you have a car and do not have C&C and you...
by CT-Scott
Wed Jul 29, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Drop Collision Insurance?
Replies: 32
Views: 2873

Re: Drop Collision Insurance?

A couple of people have mentioned it, but most seem to have completely ignored it...whether or not you can afford to pay for the replacement value is only one aspect to this...if you perceive there to be a much greater risk for your situation, and the cost seems low enough, it makes more sense to ca...
by CT-Scott
Wed Jul 29, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to self insure for things like cars? (prefer mathematical model)
Replies: 91
Views: 6891

Re: When to self insure for things like cars? (prefer mathematical model)

I generally keep C&C until the car is worth less than $7,500 (this happens around 100k miles). That's generally the point where I feel the cost of the C&C is not worth the payout. If I were to get in a major accident, the repairs have a good chance to be greater than the car is worth and th...
by CT-Scott
Wed Jul 29, 2020 10:41 am
Forum: Personal Investments
Topic: Any suggestions for where to safely park money that will be needed in 1 year?
Replies: 8
Views: 670

Re: Any suggestions for where to safely park money that will be needed in 1 year?

+1. You can also get a 1 year CD: https://www.ally.com/bank/high-yield-cd/ https://www.marcus.com/us/en/savings/high-yield-cds I've never held CDs, so I apologize if this is a dumb question, but the only advantage of a CD paying 1% over a savings account paying 1% would be if you were worried that ...
by CT-Scott
Wed Jul 29, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5738

Re: Can we afford a second home?

We are looking at a mountain/vacation home in the 135k range. Older home, 850 square ft. On 3 acres. Nothing spectacular. Him, 100k yearly gross income (Used to get some decent bonuses, but Covid most likely put an end to that for a few years). Her 22k Yearly gross income. Current home 425k value, ...
by CT-Scott
Tue Jul 28, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2922

Re: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

Escapevelocity wrote: Tue Jul 28, 2020 1:09 pm Ditch the owner's title insurance. It's a junk product and not worth the money.
Please elaborate.

And can anyone else comment on this?
by CT-Scott
Tue Jul 28, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2922

Re: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

... $ 483 - Title - Owner's Title Insurance (optional) ... The rest of the costs are for taxes, property tax prepay, and homeowners insurance prepay, which are what they are. If you bought an owner's title policy when you closed on the house, you don't need a new owner policy for a refi. Only the l...
by CT-Scott
Tue Jul 28, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2922

Re: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

Update: I reached out to our rep at the bank yesterday to see if their rates had dropped from the 2.875% (30-year fixed) that we had locked in at and if there was any float down option. She came back quickly to tell me that they could drop it to 2.75% but that we'd lose the 0.25 point lender credit ...
by CT-Scott
Sun Jul 26, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock
Replies: 33
Views: 2922

Have 30-year mortgage rates fallen in last month? Advice for requesting re-lock

So, about a month ago we started the process of getting pre-approved for a new house. At that time, news stories online were talking about how low the rates were, but were typically quoting a 30-year rate of about 3 - 3.25%. The bank/person that our buyer's agent recommended (someone she also recomm...
by CT-Scott
Sat Jul 25, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Getting homeowner's insurance for new house - they want a copy of inspection report
Replies: 21
Views: 1828

Re: Getting homeowner's insurance for new house - they want a copy of inspection report

Thanks for the additional replies. I decided to go ahead and send them a copy of our inspection report, but am going to try to call a couple more companies to get quotes.

On a related note, the sellers agreed to fix just about everything we asked them to.
by CT-Scott
Thu Jul 23, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Getting homeowner's insurance for new house - they want a copy of inspection report
Replies: 21
Views: 1828

Re: Getting homeowner's insurance for new house - they want a copy of inspection report

A lot of replies in a short time. Thanks! Let me add some personal thoughts, as well as some more info as to the concerns that my buying agent expressed... It actually makes sense to me that an insurer would want to see the inspection report. If the inspector found a fire hazard, and the issue wasn'...
by CT-Scott
Thu Jul 23, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Getting homeowner's insurance for new house - they want a copy of inspection report
Replies: 21
Views: 1828

Getting homeowner's insurance for new house - they want a copy of inspection report

We're in the process of buying a new house and I decided to keep things simple and get a quote for homeowner's insurance from the same company (Amica) we're currently using for home, auto, and umbrella. In making it ""official", and requesting the insurance binder sent to the bank we'...
by CT-Scott
Thu Jul 09, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ally drops savings rate again
Replies: 31
Views: 5057

Re: Ally drops savings rate again

These rate drops suck, but they're better than what I'm currently getting at Alliant (Credit Union). I believe when I first opened up my Alliant account the rates were pretty close to Ally's, and I think I went with Alliant due to some other perks (which may still be worthwhile). As of today, Allian...
by CT-Scott
Tue Jul 07, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: [Flood Insurance - Connecticut]
Replies: 3
Views: 210

Re: [Flood Insurance - Connecticut]

Thanks for the replies. As it turns out, we just went under contract on a property with a small view of water but which is across and higher up on a hill and doesn't require flood insurance, and where I don't see any real risk of flooding, so I don't expect to purchase it optionally, either. It is i...
by CT-Scott
Thu Jul 02, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: [Flood Insurance - Connecticut]
Replies: 3
Views: 210

[Flood Insurance - Connecticut]

[Moved into a new thread from: Flood Insurance --admin LadyGeek] Sorry for bumping an old thread, but I have a similar question and would like to revive this thread since it's already had a lot of smart folks respond and this way it will trigger a notification for some of them to hopefully see my q...
by CT-Scott
Thu May 21, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Ages 48-54: Should we bother converting Term-to-75 to Level Term 20 policies?
Replies: 8
Views: 619

Ages 48-54: Should we bother converting Term-to-75 to Level Term 20 policies?

Many years ago my wife and I purchased Life Insurance through Northwestern Mutual. We purchased "Term to Age 75" policies which have premiums that increase every year. We're currently aged 48 and 54. Within the last couple of years, we've been getting phone calls and letters from NM tellin...
by CT-Scott
Mon Apr 27, 2020 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 2110

Re: Opening a new HELOC during the Coronavirus

Figured I'd post back with an update. Third Federal very quickly had an appraisal done. The appraiser did a drive-by, taking a couple of photos from the street, so no look inside (or even a close walkaround outside). He/she then pulled comps and ran a report. "Magically", the appraised val...
by CT-Scott
Mon Apr 27, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 96
Views: 6921

Re: Carrying a big long mortgage

It should be pointed out that the article being linked to was written many years ago. If Edelman were writing it today, I'm sure he would have added some caveats about the discount you get when itemizing your taxes. Even so, I'm personally in favor of putting the minimum down and getting a 30 year m...
by CT-Scott
Sat Apr 18, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: stable value fund vs VIPSX-which one safer during market turmoil?
Replies: 8
Views: 1092

Re: stable value fund vs VIPSX-which one safer during market turmoil?

BTW, here's a good article/interview I found discussing Stable Value funds: Stable value: A safe harbor https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/article/InvComStableValueSafeHarbor Unfortunately, it doesn't seem to discuss any of the major risks that some ha...
by CT-Scott
Sat Apr 18, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: stable value fund vs VIPSX-which one safer during market turmoil?
Replies: 8
Views: 1092

Re: stable value fund vs VIPSX-which one safer during market turmoil?

If you don't mind me bumping/hijacking this thread a bit, can someone please evaluate the pros/cons of the following 401k options, if protection/preservation is one's primary goal: My 401k (Fidelity): A1) Stable Value Fund: Wells Fargo Stable Value Fund Class M 36.50% - CORPORATE/TAXABLE MUNICIPAL S...
by CT-Scott
Tue Apr 14, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"
Replies: 44
Views: 5704

Re: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"

You made one good/lucky move there....well done. Now comes the really hard part. How long do you sit on the sidelines? Do you start dollar cost averaging back in or are you waiting for that moment when you feel good again about things and then dump it all back in at once? Chances are you are feelin...
by CT-Scott
Mon Apr 13, 2020 8:19 am
Forum: Personal Investments
Topic: FOMO Help - $1M to invest after avoiding all of the downturn
Replies: 58
Views: 6175

Re: FOMO Help - $1M to invest after avoiding all of the downturn

On Friday, the Fed snuck in (before the holiday, and amidst all of the COVID-19 news) plans to buy junk bonds. This is 2008 all over again, with high-default-risk loans being backed by the Treasury (i.e., tax payers). I plan to buy some gold. Beyond that, the market is no longer connected to reality...
by CT-Scott
Sun Apr 12, 2020 7:31 pm
Forum: Personal Investments
Topic: Is there a conservative fund?
Replies: 20
Views: 1532

Re: Is there a conservative fund?

Are you talking about a 401k plan? If so, you probably have one Stable Value fund. Rate of return is probably around 2-3% max, but it may be "guaranteed"/insured not to lose value which, in current times, may be the best option available. Once things settle down, you'll need to add more ri...
by CT-Scott
Sun Apr 12, 2020 7:28 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 163
Views: 15275

Re: What single individual stock would you buy?

I will be picking up and investing in Polaris (Ticker PII) tomorrow at the open. I think it is very nicely priced at this point! https://www.polaris.com/en-us/brands/ Are they about to release a new line of Mad Max / Road Warrior off-road vehicles, equipped with machine guns and rocket launchers, a...
by CT-Scott
Sun Apr 12, 2020 5:05 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 163
Views: 15275

Re: What single individual stock would you buy?

Stable Value fund, until we see the real bottom.
by CT-Scott
Wed Apr 08, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4198

Re: Reducing home buying price due to coronavirus uncertainty?

I am attempting to bake in that risk as well. I suppose that I have not done a good job articulating that portion of this discussion. There are actually two things: My diminished capacity to handle a mortgage (due to economic environment) The risk of short-term depreciation of a large asset that co...
by CT-Scott
Tue Apr 07, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing home buying price due to coronavirus uncertainty?
Replies: 49
Views: 4198

Re: Reducing home buying price due to coronavirus uncertainty?

You have the wrong mentality. No seller is going to say, “gee, this guy is really sticking his neck out in this time! We should take less.” If you want a deal because it’s crazy out there, then you have to wait and be prepared and pounce when people are desperate. They’re not desperate yet. And 10%...
by CT-Scott
Mon Apr 06, 2020 5:53 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122313

Re: Well, I am market timing due to coronavirus... Wish me luck.

Does the market ever really make sense? It’s irrational, oftentimes does the opposite of what one expects. Well, today's movement makes more sense to me after reading this: Federal Reserve to backstop Paycheck Protection Program loans https://finance.yahoo.com/news/federal-reserve-to-backstop-payme...
by CT-Scott
Mon Apr 06, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1289
Views: 122313

Re: Well, I am market timing due to coronavirus... Wish me luck.

I wish I still had some stock to sell somewhere, so that I could have sold it today. Today's big day up makes zero sense to me.
by CT-Scott
Mon Apr 06, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a new HELOC during the Coronavirus
Replies: 26
Views: 2110

Re: Opening a new HELOC during the Coronavirus

Sorry, I lost track of this thread, so I'm just now posting back. I decided to make a call to Wells Fargo, since they have my primary mortgage. The guy I spoke with indicated that their online application had some issues, so he recommended that I go through the application process over the phone wit...
by CT-Scott
Sat Apr 04, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 181
Views: 26258

Re: Where's Warren Buffett During This Crisis?

The obsession here with Warren Buffett continues to amaze me. The man is 89 years old. His father (a very noble and impressive guy, Howard Buffett ) only lived until 60. Warren has more cash on hand than he could ever possibly need, for however many years of life he could possibly have left. That ma...
by CT-Scott
Thu Apr 02, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21924

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I am in agreement with a good portion of what you have been saying,not as pessimistic to your level, but at what point does investing just become gambling when taking such an extreme view? When investing more than you can afford to lose. :) I completely disagree. Wikipedia's article on "gambli...
by CT-Scott
Thu Apr 02, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21924

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

Since not many have answered your actual question, I will. If you believe SP500 is headed toward 1800, I mean, if you really believe that with all the arguments you have made, you should short the market. Probably SPXU with 3x effects. This can make you a fortune if you turn out to be right. I just...
by CT-Scott
Thu Apr 02, 2020 3:45 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6807

Re: What is your age/AA during this crisis?

age 65, single aa before 65% stock/35% stable value aa today 61% stock/39% stable value plan to rebalance back to 65/35 been retired for 6 years, not drawing anything from my portfolio Just curious, some would consider that an aggressive equity position (not judging), is there a pension if you don’...
by CT-Scott
Thu Apr 02, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6807

Re: What is your age/AA during this crisis?

Age: 48 (wife is 54) Years until retirement: I don't plan to ever fully retire, but rather have one or more sources of supplementary income. Part of me would love to quit "working for the man" within 5 years to restart my own business, but so long as my current company is paying me well an...
by CT-Scott
Thu Apr 02, 2020 2:49 pm
Forum: Investing - Theory, News & General
Topic: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?
Replies: 206
Views: 21924

Re: Sitting on a bunch of cash; what to do with it if I believe we're headed for SPX 1800 and protracted recession?

I'm late to this thread, but hold similar opinions as the OP. On 2/27 we moved all of our retirement funds in our 401k accounts to the one Stable Value fund that was there. In our Roth IRA accounts (and some older/smaller side-business 401k accounts) we moved to a Money Market fund. After seeing the...
by CT-Scott
Thu Apr 02, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"
Replies: 44
Views: 5704

Re: Larry Swedroe - "What If I've Over Estimated My Tolerance For Risk?"

You make a pretty good case for never being 100% stocks in the first place. "Never"? I wouldn't say that. I think I was somewhere around 80/20 as of at least 7 years ago, and I really seemed to have lucked out with that. And at that phase in my life, I felt like I *needed* to take more ri...
by CT-Scott
Wed Apr 01, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

Here's a short article about that... https://www.quickenloans.com/blog/historic-events-effect-mortgage-rates-century Ah, thanks for that! Reading that article confirms my belief that rates shouldn't be going up anytime soon. That page also has a historical chart. And you can also take a look at the...
by CT-Scott
Wed Apr 01, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

Does anyone know of a website that shows historical mortgage rates? Would be interesting to look at that to see what sort of US/world events might coincide with particularly low/high rates.
by CT-Scott
Wed Apr 01, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

I'll just add that while I'm intrigued by the idea of a low-down-payment fixed-rate interest-only mortgage, a 20% down 30-year mortgage doesn't seem too bad, either, while rates are in the 3.5% range. A variable-rate mortgage (e.g., ARM) feels like a safe bet short/mid-term, and could always be refi...
by CT-Scott
Wed Apr 01, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

These two beliefs are actually contradictory. If you truly believe equities will go up and to the right in the long run, this also implies that interest rates should stay stable or go down in the long run as well. I actually have a problem with this, but perhaps you can elaborate on your reasoning....
by CT-Scott
Wed Apr 01, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

Well, I actually did place a call with one of the brokers listed with Guaranteed Rate (rate.com), so I'll post back to see what they say. I'm of the opinion that the Federal Reserve has painted itself into a corner by trying to please the market with low interest rates, and they can't turn back now....
by CT-Scott
Tue Mar 31, 2020 3:57 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

Also, I've seen at least one person say something along the lines of, "I sleep great knowing that my mortgage is paid off and wouldn't need to worry about that if I were to lose my job." What state are you in that doesn't have property tax? If you can't pay your property tax, your town wil...
by CT-Scott
Tue Mar 31, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 11985

Re: Mortgage - Keep balance as High as Possible

I'm very intrigued by this interest-only mortgage concept. And especially this 3.5% fixed-rate 30-year one that HEDGEFUNDIE mentioned. If anyone else has any specific recommendations for brokers in the CT area who might have experience with these, please PM me.