Search found 22 matches

by yaychemistry
Fri Feb 21, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1462

Re: Financing a home Renovation

What about a construction loan? We did that for a teardown in 2012. They required us to put in 20 percent in and you can’t keep your original mortgage. Then you have to refi out of as longterm conversion of construction loan wasn’t so good. Yes - this is an option. We got a great rate, so I'm somew...
by yaychemistry
Thu Feb 20, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1462

Re: Financing a home Renovation

Is it too late to do a 203K FHA loan... since you are "gutting" the house? It sounds like you managed to get a traditional mortgage on a house that needed "gutting" - which confuses me... I've never been able to get a traditional mortgage on an uninhabitable/barely habitable house. :( Maybe your ho...
by yaychemistry
Thu Feb 20, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1462

Re: Financing a home Renovation

Other options are: Find a cheaper contractor. We're interviewing three more next week. But something tells me that if we go with a lower estimate, the we'll end up paying more in the end. Cut from the project. This is hard - the house (many many years ago) appears to have been a multifamily that was...
by yaychemistry
Thu Feb 20, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1462

Financing a home Renovation

TL;DR: All contractor bids have come in 20% higher than our max budget. How would you suggest financing the rest? DW and I bought a fixer-upper - needs a full gut. Based on an estimate from our real estate agent's contractor, we thought we would have plenty of cash on hand to handle the renovation (...
by yaychemistry
Thu Mar 14, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Trip to Osaka in late July early Aug. Must see. Things to do.
Replies: 26
Views: 2542

Re: Trip to Osaka in late July early Aug. Must see. Things to do.

I was in Osaka last May. I really enjoyed the food, especially an open air market called Kuromon Ichiba, which had a bunch of open air food stalls - I had a delicious Scallop that was cooked directly in its shell and a tiny Octopus stuffed with a quail egg on a stick. Osaka is also known for Okonomi...
by yaychemistry
Tue May 01, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Account or Online Savings for Emergency Fund
Replies: 23
Views: 3665

Re: Money Market Account or Online Savings for Emergency Fund

I've used an online savings bank for >5 years (began as ING Direct, and is now Capital One 360). I value the FDIC insurance, the online/photo check deposit, and the convenient online interface. I'm not worried about teaser rates. Just read some reviews and the fine print on whichever bank you want t...
by yaychemistry
Fri Dec 01, 2017 10:12 am
Forum: Personal Investments
Topic: At what spread would you invest in a short term CD vs a High Yield Savings Account?
Replies: 15
Views: 2106

At what spread would you invest in a short term CD vs a High Yield Savings Account?

Synchrony Bank has a limited time offer for a 13 month CD at 1.75% APY. Their High Yield Savings account (where I'm currently saving as much as cash as possible for a house) has a 1.3% APY. I'm fairly certain that I won't be ready to buy a house in the next 13 months. The question is, is it worth th...
by yaychemistry
Tue Mar 08, 2016 10:52 am
Forum: Personal Investments
Topic: $100k Milestone Reached! - 29y/o Portfolio Checkup
Replies: 22
Views: 3635

Re: $100k Milestone Reached! - 29y/o Portfolio Checkup

Congrats on your accomplishment. That is great and you should feel proud! Maybe others can chime in but that EF account looks a bit low for someone who is looking at buying a house. Having said that, we all have different budgets so maybe that works for you. If it were me, I would at least want to ...
by yaychemistry
Tue Mar 08, 2016 7:54 am
Forum: Personal Investments
Topic: $100k Milestone Reached! - 29y/o Portfolio Checkup
Replies: 22
Views: 3635

Re: $100k Milestone Reached! - 29y/o Portfolio Checkup

Congrats! Sounds like you're in good company with all of the responses on the board. I'm 32, and just about to hit the 100k mark this year. Some random things to think about (I wouldn't call it advice, because what do I know? But they are the thoughts that have been going through my mind lately and ...
by yaychemistry
Mon Mar 07, 2016 7:32 am
Forum: Personal Finance (Not Investing)
Topic: FICO Score??
Replies: 69
Views: 8966

Re: FICO Score??

I've been reading about credit cards since I posted this several hours ago. It seems like I don't have a good chance of even being approved for a decent card, because my credit score is so flimsy -- from lack of use -- now. Just really frustrating. I have good income and assets -- I just haven't be...
by yaychemistry
Mon Aug 31, 2015 7:08 am
Forum: Personal Consumer Issues
Topic: Watching NFL Games Via Webstream
Replies: 16
Views: 3723

Re: Watching NFL Games Via Webstream

You probably want NFL Gamepass, no? http://www.nfl.com/watch-nfl-live This is the legit online watching service from the NFL. I'm not an NFL fan but use similar services from MLB and NHL. Read up on any blackout restrictions though before buying. The problem with this service, is that residents of ...
by yaychemistry
Wed Jun 24, 2015 7:35 am
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1910

Re: How to set up an automatic investment without being able to cancel easily

I assume you have direct deposit on your paycheck? Can you have your employer split your direct deposit? My payroll office lets us split our paycheck up into three different deposits (either flat amounts or percentages). Have them send the regular spending money into your regular checking account, a...
by yaychemistry
Wed Jun 17, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Call from debt collector, should I follow up
Replies: 19
Views: 9667

Re: Call from debt collector, should I follow up

I would agree that it's worth calling back. I've had a couple calls from debt collectors. Each time they left several messages on my machine until I called back. The first one was the wrong number in their db - I finally told them that they had the wrong number for the person they were looking for a...
by yaychemistry
Mon May 04, 2015 7:42 am
Forum: Investing - Theory, News & General
Topic: Fiduciary Standard - Now open for public comments
Replies: 29
Views: 4077

Re: Fiduciary Standard - Now open for public comments

Jason Zweig: If such a “fiduciary duty” became standard practice, would it—as many brokers argue—bring disaster by making financial advice too expensive for the masses? I am resisting all my cynical and sarcastic comments on the good, inexpensive advice currently being delivered. L. The quote you h...
by yaychemistry
Thu Apr 30, 2015 3:59 pm
Forum: Personal Investments
Topic: Acorns and Wise Banyan
Replies: 4
Views: 1584

Re: Acorns and Wise Banyan

I'm not sure if I have any answers, but I have been considering WiseBanyan. I've just recently hit the point where I'm maxing out all of my available tax advantaged space and I've got a comfortable emergency fund. So now I'm considering opening a taxable account. Since WiseBanyan has no minimums, I ...
by yaychemistry
Fri Apr 17, 2015 7:16 am
Forum: Personal Investments
Topic: Investing with Betterment
Replies: 10
Views: 2629

Re: Investing with Betterment

While there are some vehicles we can rule out for everyone, I wouldn't put betterment in that category. Some people need some extra sex appeal to get started and stay on track, and if 35 cents helps get the $100 invested each month I'd say it is worth it. If you don't need that pull go livesoft's r...
by yaychemistry
Thu Apr 16, 2015 7:20 am
Forum: Personal Consumer Issues
Topic: Boston Marathon - Hotel Plan?
Replies: 29
Views: 5508

Re: Boston Marathon - Hotel Plan?

All of those locations are good, and public transport gives you options to watch the race. You could easily drop her at the bus to the start line, then make your way to a watching spot along the course, then after you see her, make it back to the finish line to greet her. You can take the Worcester/...
by yaychemistry
Tue Apr 07, 2015 9:48 am
Forum: Personal Investments
Topic: Logistics of E-fund in Roth IRA
Replies: 8
Views: 954

Re: Logistics of E-fund in Roth IRA

Thanks sawhorse. That's incredibly helpful! I went ahead this morning and set up the accounts. Although Vanguard requires a minimum deposit of $3000, I swapped the initial deposits from your suggestion. Here's the plan: So for 2014, I have $3000 in a Vanguard Roth IRA Money Market Fund $2500 in an A...
by yaychemistry
Mon Apr 06, 2015 9:25 pm
Forum: Personal Investments
Topic: Logistics of E-fund in Roth IRA
Replies: 8
Views: 954

Re: Logistics of E-fund in Roth IRA

I re-read your post and am confused. By next week, you will have contributed $5500 to the emergency portion of your Roth account. By this time next year, you will have contributed $5500 to the investment portion of your Roth account in addition to transferring $2500 of the 2014 contribution to the ...
by yaychemistry
Mon Apr 06, 2015 9:22 pm
Forum: Personal Investments
Topic: Logistics of E-fund in Roth IRA
Replies: 8
Views: 954

Re: Logistics of E-fund in Roth IRA

Transferring IRA assets between different brokerages can be a pain in the butt. Transferring every month would be a dozen pain in the butts. Vanguard has a feature of automatically transferring money from one fund within your account to another fund. However, Vanguard funds have minimums. Most are ...
by yaychemistry
Mon Apr 06, 2015 7:35 pm
Forum: Personal Investments
Topic: Logistics of E-fund in Roth IRA
Replies: 8
Views: 954

Re: Logistics of E-fund in Roth IRA

For me, I think the psychology of keeping the money separate isn't that big of an issue - especially because it's only a temporary trick to capture the Roth space for 2014. By 2018, I'll should have my emergency fund completely back in a liquid taxable account and will be maxing my Roth ira. I think...
by yaychemistry
Mon Apr 06, 2015 5:00 pm
Forum: Personal Investments
Topic: Logistics of E-fund in Roth IRA
Replies: 8
Views: 954

Logistics of E-fund in Roth IRA

Hello! Long time lurker, first time poster. I have definitely found this site to be invaluable. I have read the wiki article about using a Roth IRA as an emergency fund in order to capture as much Roth space as possible. Now that I've finally gotten my E-fund to a level where I am comfortable, I thi...