Search found 100 matches

by HalfMillionaire
Sat Jan 12, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)
Replies: 128
Views: 9366

Re: Emerging markets cannot be fairly valued and investors are better off elsewhere: Change my mind :)

I don't think any people have a monopoly on being honest or having a cultural backbone (bolding by me in the excerpt below). It would come as a shock to China (world's largest economy by PPP) and India (3rd largest by PPP) that they have been lacking in honest people and cultural backbone. The desir...
by HalfMillionaire
Mon Feb 26, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Personal rules for buying in a down market?
Replies: 55
Views: 4875

Re: Personal rules for buying in a down market?

I buy at every 10% decline. My spreadsheet spits out the thresholds and once prices hit a threshold, I move 20% of bond allocation into equities. This way I will be 100% equities when the market declines by 50%. My sell process is a little market-timey - but since that is not the focus of this threa...
by HalfMillionaire
Sat Jan 30, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: "6-reasons-we-lost-money-on-our-first-rental-property"
Replies: 21
Views: 6195

Re: "6-reasons-we-lost-money-on-our-first-rental-property"

It made me chuckle - "Racists enjoy better price appreciation" :D
by HalfMillionaire
Tue Jan 26, 2016 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Amex/Costco Customer Retention Offer
Replies: 21
Views: 5255

Re: Amex/Costco Customer Retention Offer

I don't know what Amex's algorithm is - but as a point of comparison - I have three other Amex cards - one of which is an Airline card that I got for the bonus but am using as my main card these days - so I use it every day. I also pay in full every month and as my other thread says - and when I rec...
by HalfMillionaire
Tue Jan 26, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

An update - I reached out to second lender and received an offer of: 1. 3%, 15 year, 20% down 2. 3.25%, 15 year, 10% down 3. 3%, 15 year, 10% down, ~7K in one time PMI payment This is 0.25% down across the board from my first offer. The last offer came after I was suggested to ask for it on this for...
by HalfMillionaire
Tue Jan 26, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Great suggestions - I have started the process for finding quotes for title services. I got details of fees today and I am planning to go through them with a fine toothed comb tomorrow. I spent so much time reviewing the GFE and asking questions to my lender. I wanted to know what every line item ch...
by HalfMillionaire
Tue Jan 26, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

That's wonderful jimb - thank you. I just took a look. Not just an opinion but a solid proof of concept - where else on the interwebs but on bogleheads!! ...also NPER() Glad to be of assistance. I've uploaded an example of a worksheet for this comparison to Google Sheets HERE It can be used as a gui...
by HalfMillionaire
Mon Jan 25, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

@doubledeuce - That's amazing. I have never been very good dealing with the customer-service-setup and I doubt that I will have the super persistence needed to really see it through. Its good to know that a way out exists. Thank you for your reply - I appreciate it.
by HalfMillionaire
Mon Jan 25, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

@betterfinances - I reached out to my broker and his explanation is that there will be no fees from his side, the actual lender will indeed have their own fees that will get passed through to me.

Interesting about Mondays. Good that I am talking to me shop-around lender today :-)
by HalfMillionaire
Mon Jan 25, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

So paying 10% instead of 20% down and the $81 lower payment costs you $8,134 more interest per $100K and 28 months longer in debt. How much are you paying for the home? Given that we can plug it in to my spreadsheet for exact figures for your mortgage choices. jimb Your illustration absolutely make...
by HalfMillionaire
Mon Jan 25, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

I just refinanced my home. I did a lot of interest rate shopping online. I ended up going with Aimloan.com and got a 2.75% 15 year fixed loan for 20% down. Closing costs were approximately 4.5k all inclusive. Penfed.com has good rates as well if you want a more established name. I was happy with my...
by HalfMillionaire
Sun Jan 24, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Amex/Costco Customer Retention Offer
Replies: 21
Views: 5255

Re: Amex/Costco Customer Retention Offer

Same here - got the 500 back after 3000 offer. I took the offer and have happily received my 500 as well. :moneybag
jaj2276 wrote:I posted on one of the several other threads about the Costco AMEX relationship that I was offered $500 after spending $3000. I took it.
by HalfMillionaire
Sun Jan 24, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

One thing if you are shopping around: some brokers and lenders will do a hard pull without a second thought. If you know your score, there is no need for that until you decide on a lender. It's not a huge deal, but I'd make it clear that you don't want more hard pulls than necessary. Why ding your ...
by HalfMillionaire
Sun Jan 24, 2016 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Don't know if I came across as snarky/know-everything. I don't profess any special investing prowess. I just meant that the expected return on my portfolio will probably end up being higher than the tax adjusted mortgage interest rate. Another point for not pre-paying mortgage is that the mortgage r...
by HalfMillionaire
Sun Jan 24, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Awesome! I figured as much after some reading. I am getting a Loan Statement (GFE in earlier parlance) tomorrow so that will clear up whether there are hidden charges. I am going to talk to another lender next week just to make sure that I am doing my due diligence. Short answer - no. This is very c...
by HalfMillionaire
Sun Jan 24, 2016 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Thank you for all the responses. This is truly helpful.
by HalfMillionaire
Sun Jan 24, 2016 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

I just came to know that the actual mortgage will be held by not one of the banks but a Wholesale Lender called United Wholesale Mortgage. I am wondering whether that makes any difference.
by HalfMillionaire
Sun Jan 24, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

I agree about PMI. I paid PMI in my last home (very green borrower - we hardly knew the details) and hated doing it. I am willing to pay a little higher interest rate and not pay the PMI. The reason the rates might be slightly higher than what you are seeing on websites is because they are rolling t...
by HalfMillionaire
Sun Jan 24, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

I am one of those who are in the camp of not paying the house off early. The tax deduction on mortgage interest is nice - and I can usually make more than the tax adjusted interest rate in investments - so one can come off ahead by just investing the extra money. Glad to note that you consider the r...
by HalfMillionaire
Sun Jan 24, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Mattshwink - Thanks for the link to the mtgprofessor.com - that site looks great and had somehow not appeared in my quick googling.

Seems like I am getting a decent deal here. I am more reassured now.
by HalfMillionaire
Sun Jan 24, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

This is very helpful Mattshwink and Grettman. I will look through the sites mentioned. For information, we are looking at house of ~420K (so loan of ~380K for 10% or ~340K for 20%). My credit score is (sigh!) between 670-690 right now. We do plan to stay in the house for the foreseeable future. I am...
by HalfMillionaire
Sun Jan 24, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

Re: New Mortgage - Help Needed

Thanks Cigarman. The mortgage broker mentioned that there would be no PMI with 10% down as the additional 0.25% interest rate makes up for that.

I am told no processing fee, no origination fee. I will look under the hood if there are other fees lurking there.
by HalfMillionaire
Sun Jan 24, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: International investing
Replies: 20
Views: 3602

Re: International investing

I am 50:50::US:International and sticking with it. I have been buying VXUS (or equivalent) through the decline - and I am confident that in the long run I (and Rick) will be vindicated. Internationals are cheap and EMs are downright super cheap. We know that Valuations matter - in the long run. This...
by HalfMillionaire
Sun Jan 24, 2016 8:55 am
Forum: Personal Finance (Not Investing)
Topic: New Mortgage - Help Needed
Replies: 42
Views: 3955

New Mortgage - Help Needed

We have found a home that provides a good value - and we are starting the buying process. We will likely make an offer in the coming week that is expected to be accepted. We went through a local mortgage broker to get pre-approval as that document is needed for the offer. However, now that we are cl...
by HalfMillionaire
Sat Jan 23, 2016 9:06 am
Forum: Personal Investments
Topic: Arizona Teacher - 403b vs 457
Replies: 10
Views: 1859

Re: Arizona Teacher - 403b vs 457

First - you can do both. Tax advantaged space is *precious* - don't let any of it go to waste. 36K in 403b+457 is a straight 9K saving in taxes assuming a marginal 25% tax rate. Now, 457 do have the attractive feature of not having a 10% withdrawal penalty - but you will still have to pay taxes on t...
by HalfMillionaire
Fri Jan 15, 2016 10:52 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 11454

Re: I'm sitting here watching FOX Business...14200??

This is the time to hold fast. It will go where it will go. So far I have been strong and have rebalanced into equities. I hope to continue to have the testicular fortitude to continue doing so as the rout deepens (if it does, I don't know and neither the pointy heads at Fox Business whether it actu...
by HalfMillionaire
Thu Jan 14, 2016 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: What's your company 401k contribution
Replies: 105
Views: 8520

Re: What's your company 401k contribution

Quite impressive!
llama wrote:$9,000 (50% match up to the 18k limit)
by HalfMillionaire
Thu Jan 14, 2016 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's your company 401k contribution
Replies: 105
Views: 8520

Re: What's your company 401k contribution

Large public University puts 10% of salary in a 401A account if employee puts 5% of salary in 403B. In addition there is a 457. So all in all - quite good. No pension. The 10% match only starts after one year of employment - so right now I am not getting any :-(
by HalfMillionaire
Sat Nov 21, 2015 8:27 am
Forum: Investing - Theory, News & General
Topic: Slicing, Dicing, Tilting, Factoring, etc-ing -- my take
Replies: 100
Views: 11894

Re: Slicing, Dicing, Tilting, Factoring, etc-ing -- my take

And you should - its a beauty. I am close with effective AA of 1:1:1::VTI:VXUS:BND (I say effective because actual holdings are different across different accounts, much in Fidelity with iShares ETFs and a bunch in Vanguard MFs) I love our two ETF portfolio of 60% VT + 35% AGG + 5% CASH. Simple. Che...
by HalfMillionaire
Sat Nov 21, 2015 8:14 am
Forum: Personal Finance (Not Investing)
Topic: 100K Milestone met!
Replies: 34
Views: 6217

Re: 100K Milestone met!

Congratulations! Adding to other voices of support and advice, I will add that you have one the most important financial decisions of your life ahead of you - having a spouse with similar financial attitude (either through sheer luck or through conscious effort by you) will go a long way towards a s...
by HalfMillionaire
Mon Oct 26, 2015 8:45 pm
Forum: Personal Investments
Topic: 401k asset allocation help
Replies: 26
Views: 2789

Re: 401k asset allocation help

Man those 401K fund choices suck! I am amazed at how bad some of these plan options are. One can get better options in a $10K Fidelity IRA than in these plans that must hold millions, even at small companies. About Roth 401K - I wouldn't do that in your position. Get the tax savings now and use that...
by HalfMillionaire
Mon Oct 26, 2015 8:35 pm
Forum: Investing - Theory, News & General
Topic: Crazy Lazy Portfolio - TSM/REIT/SCV
Replies: 66
Views: 8170

Re: Crazy Lazy Portfolio - TSM/REIT/SCV

1. Is it possible to see your chart with a log scaling of y axis?
2. The CAGR seems impossibly high.
3. Difference of 1.5% in CAGR base of 20+% seems to result in a very high differential in final amount.
by HalfMillionaire
Sun Oct 18, 2015 10:52 am
Forum: Personal Investments
Topic: 401 Contributions & Market Indicies
Replies: 4
Views: 498

Re: 401 Contributions & Market Indicies

Since retirement plan inflows are quite predictable, I am sure MF companies have a plan to distribute their buying over several days so as to not get caught with on-the-day rise in prices.
by HalfMillionaire
Sun Oct 18, 2015 10:50 am
Forum: Investing - Theory, News & General
Topic: 2008 Market Crash, Did You See It As Opportunity?
Replies: 60
Views: 6211

Re: 2008 Market Crash, Did You See It As Opportunity?

Not only that I did not see it as an opportunity, I freaked out and got out of the market. Only after finding bogle-ways have I recognized my error. Thankfully I was just starting off and had very little capital. Recently, I did not even notice the correction until after a few days. I will call that...
by HalfMillionaire
Mon Aug 17, 2015 3:34 pm
Forum: Personal Investments
Topic: 23 year old with 50+ years to invest looking for advice
Replies: 31
Views: 3226

Re: 23 year old with 50+ years to invest looking for advice

I don't have the link handy but a search should bring up an often referenced article called "the 60:40 solution" I believe. I think it is by Dr Bernstein. It advocates 60:40 Stock:Bond allocation as the default one. I think that's a good place to start until one figures out how bear markets affect t...
by HalfMillionaire
Sat Aug 15, 2015 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 107
Views: 22397

Re: Am I crazy? Quitting my job.

Am only responding to the first post. Being in the right place at the right time does not happen often. You are in a good place - but are not done. A couple more years will set you up for life. Do it.
by HalfMillionaire
Sun Jun 21, 2015 10:21 am
Forum: Personal Investments
Topic: Portfolio suggestion for toddler
Replies: 51
Views: 7849

Re: Portfolio suggestion for toddler

Buying Total World Stock (VT) and holding for a long long time would be a pretty good way to go.
by HalfMillionaire
Sun Jun 21, 2015 12:56 am
Forum: Personal Investments
Topic: How is this AA for a 25 year old?
Replies: 19
Views: 2390

Re: How is this AA for a 25 year old?

Are you sure you will be fine with your portfolio dropping 50% at some future date? Perhaps start more conservative and then become aggressive as you handle market fluctuations?
by HalfMillionaire
Sat Jun 20, 2015 7:52 am
Forum: Personal Finance (Not Investing)
Topic: One-Two Punch for my credit card game
Replies: 62
Views: 11421

Re: One-Two Punch for my credit card game

For me the whole MS experiment came to an end when one 500 bucks visa gift card magically lost its entire value during an Amex Serve load and no amount of phone calls could fix it. It gets close to money laundering sometimes - surely in the tone of customer service reps. Too much effort for too litt...
by HalfMillionaire
Tue Jun 16, 2015 7:28 am
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 39572

Re: The cost of walking el Camino de Santiago

Thank you for your detailed response Victoria - most illuminating. Your answer was much closer to the question I had in my mind but was unable to put in words accurately (secular vs spiritual). I would very much like to know which books did you use to prepare for the trip and your opinion of usefuln...
by HalfMillionaire
Mon Jun 15, 2015 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Milestone Reached Last Week
Replies: 41
Views: 9233

Re: Nice Milestone Reached Last Week

Congratulations! As many have said, the first 100K is the hardest. Keep LBYM, keep filling up those tax advantaged spaces - and you will soon be hitting other milestones. Well done!!
by HalfMillionaire
Mon Jun 15, 2015 10:53 pm
Forum: Personal Consumer Issues
Topic: The cost of walking el Camino de Santiago
Replies: 119
Views: 39572

Re: The cost of walking el Camino de Santiago

Very inspiring Victoria. Camino has been on my to do list for some time. Would you say that knowing some Spanish will make material difference to the experience? Did you find many folks who are doing it for purely secular reasons? Finally, are people doing the whole leaving rocks as leaving sins beh...
by HalfMillionaire
Mon Jun 15, 2015 7:46 pm
Forum: Personal Investments
Topic: Intermediate (or Short Term) or Stable Value BOND Fund?
Replies: 21
Views: 4687

Re: Intermedaite (or Short Term) BOND Fund or Stable Value Fund?

When you look up a fund Profile and under Fund Overview there is Yield:, is that the SEC yield? I have a mix of bond funds and not sure if OK. There should be a separate field clearly marked SEC Yield or SEC 30 Day Yield. Make sure you are looking at the fund's home page (like on Vanguard's site fo...
by HalfMillionaire
Mon Jun 15, 2015 8:10 am
Forum: Personal Investments
Topic: Intermediate (or Short Term) or Stable Value BOND Fund?
Replies: 21
Views: 4687

Re: Intermedaite (or Short Term) BOND Fund or Stable Value Fund?

Your bond fund is just another flavor of AGG or BND - it is a good thing to have and you have it available at a very good ER. Your stable value fund seems to have returned 1.85% - which is slightly lower than the SEC yield of AGG (~1.9%). Now, as such, the stable value fund does not offer you any yi...
by HalfMillionaire
Thu Jun 11, 2015 8:14 am
Forum: Personal Consumer Issues
Topic: Toyota care plus prepaid maintenance
Replies: 50
Views: 43819

Re: Toyota care plus prepaid maintenance

You can buy the prepaid maintenance plan from any Toyota dealer - and some dealers offer very attractive prices online. We got a quote from such a source and asked our local dealer to match it - which they did. We also had good service experience with the local dealership - so were fine with it. It ...
by HalfMillionaire
Mon Jun 08, 2015 8:10 pm
Forum: Personal Investments
Topic: VWESX (vanguard Long term investment grade)
Replies: 4
Views: 1282

Re: VWESX (vanguard Long term investment grade)

I like VWESX - but only for very long time horizons since it has a very high duration. It has pretty nice ~5% yield - but that comes at the cost of interest rate risk. You just caught the latest rapid increase in interest rates. Usual suggestion would be to keep the money you need in near future in ...
by HalfMillionaire
Fri Jun 05, 2015 9:32 am
Forum: Personal Investments
Topic: Requesting help with my TIAA CREF allocation
Replies: 9
Views: 2021

Re: Requesting help with my TIAA CREF allocation

Does your 401K allow you to take a loan from it? If yes - then you might want to think about getting that loan and paying off the credit card balances. 9.9% and 6.1% are too high an interest rate to be paying on. Your fund choices are excellent. I have similar fund availability and I am going with T...
by HalfMillionaire
Sat May 30, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Citi double cash card vs. Amex Blue Everyday
Replies: 34
Views: 34998

Re: Citi double cash card vs. Amex Blue Everyday

I will just put in a good word for Barclay Arrival+. 2.22% reward rate, $89 annual fee. You can redeem rewards for any travel purchases. I am not sure whether I will renew and take the 89 bucks hit - but the first year with 40,000 joining bonus has been awesome.
by HalfMillionaire
Fri May 29, 2015 6:32 pm
Forum: Personal Investments
Topic: Help with allocation of Bond funds
Replies: 14
Views: 1480

Re: Help with allocation of Bond funds

TIPS? International Bonds??

Not recommending them. Seems like potential options for you to consider.
by HalfMillionaire
Fri May 29, 2015 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary to inherit TIAA Traditional Annuity, wants to withdraw all.
Replies: 6
Views: 2697

Re: Beneficiary to inherit TIAA Traditional Annuity, wants to withdraw all.

OP - you are asking a question about a very specialized financial product. For folks to provide meaningful answers, you really need to provide much more detail.