West Michigan Bogleheads Chapter - chat

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David Jay
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West Michigan Bogleheads Chapter - chat

Post by David Jay » Wed Oct 10, 2018 9:53 am

I have renamed this as the “chat” thread. Some of you have already started to use it that way, that’s great.

Please continue to check in if you want to be included in the contact list.

I will create a “Master Thread” for meeting announcements as we get things under way over the next weeks and months.


————————————————
I will be retiring in January and I would be willing to coordinate.

I was thinking of the 131 and 31 corridors: KZO to GRR, South Haven to Muskegon, but no limitations for those who want to drive in from up north or Lansing area.

I live in metro GR.
Last edited by David Jay on Sat Oct 13, 2018 2:12 pm, edited 1 time in total.
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

Old Goat
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by Old Goat » Wed Oct 10, 2018 10:03 am

I too live in metro GR and yes, I would be interested.

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David Jay
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by David Jay » Wed Oct 10, 2018 10:14 am

Old Goat wrote:
Wed Oct 10, 2018 10:03 am
I too live in metro GR and yes, I would be interested.
I hope your user name means you own a '66 G.T.O. :happy
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

pqwerty
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by pqwerty » Wed Oct 10, 2018 10:37 am

I'm interested, live in SE GR.

Traveller
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by Traveller » Wed Oct 10, 2018 10:48 am

Another interested Grand Rapidian here.

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Mel Lindauer
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by Mel Lindauer » Wed Oct 10, 2018 11:06 am

David Jay wrote:
Wed Oct 10, 2018 9:53 am
I will be retiring in January and I would be willing to coordinate.

I was thinking of the 131 and 31 corridors: KZO to GRR, South Haven to Muskegon, but no limitations for those who want to drive in from up north or Lansing area.

I live in metro GR.

Looks like you've got enough interested Bogleheads to form a Local Chapter. PM me and we'll make it official.
Best Regards - Mel | | Semper Fi

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David Jay
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by David Jay » Wed Oct 10, 2018 2:30 pm

Please keep the replies coming - I need to know who to contact (PM) as we get things underway...
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

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wildungar2000
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by wildungar2000 » Wed Oct 10, 2018 4:19 pm

I am from GR and I am interested.

Big Dutch
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by Big Dutch » Wed Oct 10, 2018 4:30 pm

Metro GR and interested!

neverrun
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by neverrun » Wed Oct 10, 2018 5:58 pm

Also interested and in the GR Metro.

mkinvestor
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by mkinvestor » Wed Oct 10, 2018 7:07 pm

I’m interested and live on the west side of Grand Rapids

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badbreath
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by badbreath » Wed Oct 10, 2018 8:10 pm

I am from St Joe and would be interested.
“While money can’t buy happiness, it certainly lets you choose your own form of misery.” Groucho Marx

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David Jay
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by David Jay » Wed Oct 10, 2018 8:48 pm

badbreath wrote:
Wed Oct 10, 2018 8:10 pm
I am from St Joe and would be interested.
I received a PM from K-zoo as well. We can adjust locations as we go.
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

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David Jay
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by David Jay » Thu Oct 11, 2018 8:42 am

Traveller wrote:
Wed Oct 10, 2018 10:48 am
Another interested Grand Rapidian here.
Hi Traveller. Still driving the XF?
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

Traveller
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Re: West Michigan Bogleheads Chapter - Who's interested?

Post by Traveller » Thu Oct 11, 2018 6:17 pm

David Jay wrote:
Thu Oct 11, 2018 8:42 am
Traveller wrote:
Wed Oct 10, 2018 10:48 am
Another interested Grand Rapidian here.
Hi Traveller. Still driving the XF?
Yup. I'll drive it to our first West Michigan chapter meeting...

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Mel Lindauer
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Re: New West Michigan Bogleheads Chapter Established

Post by Mel Lindauer » Thu Oct 11, 2018 10:44 pm

OK, it's official; you're our newest Local Chapter. Here's the relevant information:

ChapterName: West Michigan Bogleheads
Contact information: David wmbogleheads@gmail.com
Map location: Grand Rapids, MI

Good luck to our West Michigan Bogleheads Local Chapter. Feel free to use this thread to chat with each other.
Best Regards - Mel | | Semper Fi

ping1050
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Re: New West Michigan Bogleheads Chapter Established

Post by ping1050 » Thu Oct 11, 2018 10:49 pm

Also interested. Live in Grand Haven

tenkuky
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Re: New West Michigan Bogleheads Chapter Established

Post by tenkuky » Fri Oct 12, 2018 12:01 pm

ping1050 wrote:
Thu Oct 11, 2018 10:49 pm
Also interested. Live in Grand Haven
Summer meeting at Grand Haven Beach please, David. :beer

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David Jay
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Re: New West Michigan Bogleheads Chapter Established

Post by David Jay » Fri Oct 12, 2018 12:41 pm

tenkuky wrote:
Fri Oct 12, 2018 12:01 pm
ping1050 wrote:
Thu Oct 11, 2018 10:49 pm
Also interested. Live in Grand Haven
Summer meeting at Grand Haven Beach please, David. :beer
We can "dine" at Pronto Pup...
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

dcb
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Re: New West Michigan Bogleheads Chapter Established

Post by dcb » Fri Oct 12, 2018 12:50 pm

Interested! Kalamazoo
dcb

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camillus
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Re: New West Michigan Bogleheads Chapter Established

Post by camillus » Fri Oct 12, 2018 1:10 pm

Interested, GR :happy

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David Jay
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Re: New West Michigan Bogleheads Chapter Established

Post by David Jay » Fri Oct 12, 2018 5:59 pm

As I said above, please keep responding so I can PM everyone about getting together.

I have one last big overseas trip coming up in early November, getting back just before Thanksgiving. That suggests that first get together will be in early December.

In the meantime, be thinking about what you would like to get out of a BH chapter. That will be the question that we will explore as we have our first “coffee” together.
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

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camillus
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Re: New West Michigan Bogleheads Chapter Established

Post by camillus » Fri Oct 12, 2018 11:12 pm

I suppose one thing we can discuss is how best to take advantage of local resources, for instance, we have some great credit unions.

MIretired
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Re: New West Michigan Bogleheads Chapter Established

Post by MIretired » Sat Oct 13, 2018 1:31 am

camillus wrote:
Fri Oct 12, 2018 11:12 pm
I suppose one thing we can discuss is how best to take advantage of local resources, for instance, we have some great credit unions.
Yea. Credit unions is something I've acquired in the past couple yrs.

I'm also interested, David.
Greater GR.

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David Jay
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Re: New West Michigan Bogleheads Chapter Established

Post by David Jay » Sat Oct 13, 2018 8:57 am

MIretired wrote:
Sat Oct 13, 2018 1:31 am
Yea. Credit unions is something I've acquired in the past couple yrs.
Like LMCU 3% checking account. Too bad it is limited to $15K
Prediction is very difficult, especially about the future - Niels Bohr | To get the "risk premium", you really do have to take the risk - nisiprius

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wildungar2000
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Re: New West Michigan Bogleheads Chapter Established

Post by wildungar2000 » Sat Oct 13, 2018 9:06 am

Community West CU is 7% up to $2k
United Bank of MI is 5% up to $10k
LMCU is 3% up to $15k
Honor CU is 3% up to $10k

Any other local ones?

tenkuky
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Re: New West Michigan Bogleheads Chapter Established

Post by tenkuky » Sat Oct 13, 2018 10:21 am

wildungar2000 wrote:
Sat Oct 13, 2018 9:06 am
Community West CU is 7% up to $2k
United Bank of MI is 5% up to $10k
LMCU is 3% up to $15k
Honor CU is 3% up to $10k

Any other local ones?
Are these all Chex or hard pulls?
Would be a great first topic over coffee.
Also if there are referral bonuses the group can get for one another!

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wildungar2000
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Re: New West Michigan Bogleheads Chapter Established

Post by wildungar2000 » Sat Oct 13, 2018 11:07 am

tenkuky wrote:
Sat Oct 13, 2018 10:21 am
wildungar2000 wrote:
Sat Oct 13, 2018 9:06 am
Community West CU is 7% up to $2k
United Bank of MI is 5% up to $10k
LMCU is 3% up to $15k
Honor CU is 3% up to $10k

Any other local ones?
Are these all Chex or hard pulls?
Would be a great first topic over coffee.
Also if there are referral bonuses the group can get for one another!
From my personal experience, which is dated by several years, United and LMCU are soft, while CWCU and Honor are hard pulls. Not sure on Chex. It was nice when we had Northpointe 5% and Mercantile 3%, but those programs were canceled. I think AAC CU has 3%, but I do not have them.

Big Dutch
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Re: New West Michigan Bogleheads Chapter Established

Post by Big Dutch » Sat Oct 13, 2018 12:21 pm

LMCU only pays on 15k per account but you and your spouse can each have an account. 30k at 3% guaranteed is pretty nice.

Big Dutch

MIretired
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Re: New West Michigan Bogleheads Chapter Established

Post by MIretired » Sat Oct 13, 2018 4:21 pm

Big Dutch wrote:
Sat Oct 13, 2018 12:21 pm
LMCU only pays on 15k per account but you and your spouse can each have an account. 30k at 3% guaranteed is pretty nice.

Big Dutch
I thought it was $25k ea. Hmm. I usually have only $10k in there anyway.

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camillus
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Re: West Michigan Bogleheads Chapter - chat

Post by camillus » Sat Oct 13, 2018 10:17 pm

The Northpointe 5% has an interesting story. Apparently one representative from the bank was working with Doctor of Credit to publicize the account, unfortunately, Northpointe got loads and loads of applicants that did the bare minimum to earn 5% all the way up to the max balance - often with 10 or however many debit transactions of 50 cents. I imagine allying with a blog like that was quite costly for Northpointe.
https://www.doctorofcredit.com/northpoi ... g-account/

I suspect that DoC is based in Michigan. DoC profiled an arbitrage opportunity with the Michigan Lotto, which ended up in the news.
https://www.wzzm13.com/article/news/inv ... /442624276
In fact, he very likely reads this board :happy

Anyways, I hope the local credit unions remain healthy. I also hope that their APY follows the upward trend of interest rates :happy

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wildungar2000
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Re: West Michigan Bogleheads Chapter - chat

Post by wildungar2000 » Sun Oct 14, 2018 7:58 am

camillus wrote:
Sat Oct 13, 2018 10:17 pm
Anyways, I hope the local credit unions remain healthy. I also hope that their APY follows the upward trend of interest rates :happy
Yes, I agree. United Bank of Michigan just announced 2 weeks ago their rates going from 4% to 5% APY.

Ludicris
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Re: West Michigan Bogleheads Chapter - chat

Post by Ludicris » Sun Oct 14, 2018 10:00 am

Kalsee CU offers 3% on up to a $25,000 balance with 12 transactions a month. Kellogg Community CU offers 4% on up to $15,000 with 20 transactions.

GrasRootsAdvisr
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Re: West Michigan Bogleheads Chapter - chat

Post by GrasRootsAdvisr » Sun Oct 14, 2018 10:21 am

I am new to Bogleheads and a lifelong resident of SE Grand Rapids. I love the idea of a west michigan chapter and im all in. If there's anything I can do to help please let me know.

Pilgrim211
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Re: West Michigan Bogleheads Chapter - chat

Post by Pilgrim211 » Mon Oct 15, 2018 8:50 pm

I'm also interested in a West Michigan chapter.

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