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by mega317
Tue Mar 23, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331720

Re: What Book Are You Currently Reading? Part VI

ruralavalon wrote: Fri Mar 19, 2021 9:35 am The Delusions of Crowds, by William J. Bernstein.

This is a survey of mass delusions, both financial bubbles and end-times religious fanaticism. I found myself wishing that more space had been devoted to investment bubbles.
I am loving this so far.
by mega317
Tue Mar 23, 2021 3:01 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331720

Re: What Book Are You Currently Reading? Part VI

I'm catching up on this thread after missing a few months. Here are some updates: Humble Pi by Matt Parker. A mathematician/comedian discussing some historic mistakes based on math errors. Pretty entertaining though I'm no engineer or mathematician. He's a performer and the audiobook was well done. ...
by mega317
Tue Mar 23, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331720

Re: What Book Are You Currently Reading? Part VI

PinotGris wrote: Sat Dec 05, 2020 1:04 pm Promised land by Obama. 700 pages, nobody need to say anything for 700 pages.
It's only volume 1, it ends in 2011!
by mega317
Mon Oct 26, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: If I can increase my auto liability limits is an umbrella policy still necessary?
Replies: 25
Views: 1635

Re: If I can increase my auto liability limits is an umbrella policy still necessary?

It's only necessary if you use it. Can't predict the future though. It is a rare person who might need umbrella, or even knows what is, and also cares about $168 a year.
by mega317
Sat Oct 17, 2020 8:40 pm
Forum: Personal Investments
Topic: using iShares iBonds & Invesco Bulletshares to build bond ladders for term-certain income
Replies: 34
Views: 2298

Re: using iShares iBonds & Invesco Bulletshares to build bond ladders for term-certain income

As long as you’re ok with complexity, treasuries don’t make a lot of sense right now. Use savings accounts or CDs. Or use the cash to open accounts for bonuses.
by mega317
Sat Oct 17, 2020 1:27 pm
Forum: Personal Consumer Issues
Topic: Pay $120/year for iCloud or switch to Google Photos
Replies: 48
Views: 3557

Re: Pay $120/year for iCloud or switch to Google Photos

I don’t agree with the privacy/surveillance arguments. Like Apple couldn’t use your pictures?
by mega317
Thu Oct 15, 2020 4:30 pm
Forum: Investing - Theory, News & General
Topic: Make biweekly payments to 457 or save up an fill up Roth IRA on January 1?
Replies: 2
Views: 225

Re: Make biweekly payments to 457 or save up an fill up Roth IRA on January 1?

I don't know if this helps you but there is nothing special about January 1 with regards to Roth contributions. You can contribute for 2020 until April 2021. If you need help prioritizing Roth or tax-deferred check out the wiki: https://www.bogleheads.org/wiki/Prioritizing_investments and https://ww...
by mega317
Thu Oct 15, 2020 12:17 am
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2517

Re: AA and tax loss harvesting

ivgrivchuck wrote: Wed Oct 14, 2020 12:51 pm Let's run the numbers.
You explained nicely how tax-advantaged accounts are better than taxable. Was anyone disagreeing with that? You did not explain how anything is taxed twice, nor how to decide where to locate assets.
by mega317
Wed Oct 14, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Great iPhone deals?
Replies: 16
Views: 1877

Re: Great iPhone deals?

If you're open to older models you might consider used from one of the more reputable sites. My iphone from Gazelle was indistinguishable from new and came with a 30 day return policy. There are plenty of ebay sellers with return policies though I haven't used any of them. Apple also sells refurbs b...
by mega317
Wed Oct 14, 2020 11:41 am
Forum: Personal Investments
Topic: Post Home Sale, Sitting on Cash but seems like bad time to invest?
Replies: 21
Views: 2086

Re: Post Home Sale, Sitting on Cash but seems like bad time to invest?

I forgot the ends of the **** sandwich. You are young. You seem to have a sense of your risk tolerance. You have a lot of money. Most importantly, you save a lot of money. You are doing great. You need to internalize some investing lessons that you already seem to know on their face, and you'll be a...
by mega317
Wed Oct 14, 2020 11:37 am
Forum: Personal Investments
Topic: Post Home Sale, Sitting on Cash but seems like bad time to invest?
Replies: 21
Views: 2086

Re: Post Home Sale, Sitting on Cash but seems like bad time to invest?

Yikes. So you have gotten murdered since March and apparently still haven't learned the lesson. The typical answer there is no chance you or anyone else can successfully time the market. And I believe that. And you are exhibit A. However, even a broken clock is right twice a day i.e. any decision yo...
by mega317
Wed Oct 14, 2020 11:14 am
Forum: Personal Investments
Topic: Next steps with 403b at former employer
Replies: 20
Views: 1905

Re: Next steps with 403b at former employer

A little perspective--an extra .24% on 25% of a mid 6-figure portfolio is a couple hundred dollars. Great to avoid but your portfolio moves 10x that every day. Plus aren't there mountain lions in the hills? I don't know anything about TIAA but a stable value at 2% might be a good bond option for you...
by mega317
Tue Oct 13, 2020 1:47 am
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 11249

Re: How do Bogleheads cope with not beating the market?

You need to find something else to fill your time. But then I got a little bored and thought I have all this free time to fill. Shouldn't I apply it to optimizing / tweaking the portfolio? No. You should apply it to reading, or exercising, or spending time with/talking to family, or improving your j...
by mega317
Tue Oct 13, 2020 1:40 am
Forum: Personal Investments
Topic: Anything else I should be doing?
Replies: 14
Views: 1337

Re: Anything else I should be doing?

Hard to say much without knowing your goals, or any specific questions. $150k seems light at your age but I don't know anything else about you. Clearly you haven't been contributing 45k annually for long. Is this actually realistic? Your portfolio as listed has 19% bonds so you're a little light the...
by mega317
Mon Oct 12, 2020 3:40 pm
Forum: Personal Investments
Topic: AA and tax loss harvesting
Replies: 42
Views: 2517

Re: AA and tax loss harvesting

Point 1: I want bonds in tax deferred—less growth=smaller RMDs, and stock funds in taxable—more efficient although less important with low yields. You can make any AA changes you want within tax advantages accounts. Point 2 this isn’t really TLH you’re just trying to rearrange your portfolio without...
by mega317
Sun Oct 11, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1762
Views: 166436

Re: My LenderFi refinance is going well

The other thing I noticed was the bank address auto-populated when I entered the #s was NOT what was on the sheet. Instead, I "searched" for the bank, got the one with the right address, and selected it. It also had the same account/routing as what I had entered. My wire went through fine...
by mega317
Fri Oct 09, 2020 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10333
Views: 752886

Re: Refinance Mega Thread

Owning sold my Mortgage at 2.5% to PHH Mortgage. Reviews say they are not very good in terms of customer service (fees, escrow errors, late Prop tax payments, etc.). I was looking at Interactive Mortgage at 2.35% no cost. It will cost me $600 after two refinances (recording fees, doc fees, etc). IM...
by mega317
Mon Oct 05, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Dentist/Dental hygienist? (in times of COVID)
Replies: 48
Views: 4099

Re: Dentist/Dental hygienist? (in times of COVID)

That wasn’t clear, I meant patients.
by mega317
Mon Oct 05, 2020 4:45 pm
Forum: Investing - Theory, News & General
Topic: Is now the time to think about active investing??
Replies: 32
Views: 3403

Re: Is now the time to think about active investing??

Prettyfrtnt wrote: Mon Oct 05, 2020 1:36 pm disrupted by technological change
Don't we hear this constantly? Technological disruption is normal and constant. Would you have wanted to go back and find some active managers when the personal computer was invested? Telephone?
by mega317
Mon Oct 05, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: PSA: don't be stranded by a dead key fob battery
Replies: 50
Views: 5450

Re: PSA: don't be stranded by a dead key fob battery

It's just a language quirk like tuna fish, COVID test, PIN number. Face mask? How about key fob, isn't the fob a key?
by mega317
Mon Oct 05, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Smarter approach to "emergency funds"?
Replies: 210
Views: 38854

Re: Smarter approach to "emergency funds"?

rich126 wrote: Mon Oct 05, 2020 2:05 pm I literally bought it within 1 day prior to the drop. On Feb 18.
Ok that's not what you said before. But it's a good lesson.
by mega317
Mon Oct 05, 2020 2:08 pm
Forum: Personal Consumer Issues
Topic: Dentist/Dental hygienist? (in times of COVID)
Replies: 48
Views: 4099

Re: Dentist/Dental hygienist? (in times of COVID)

I would have no hesitation. Have you heard of outbreaks or even one case linked to an outpatient health care setting?
by mega317
Mon Oct 05, 2020 1:55 pm
Forum: Personal Investments
Topic: Bond allocation in Prime Money Market?
Replies: 8
Views: 642

Re: Bond allocation in Prime Money Market?

Except the yield of all the funds discussed in this thread is 0 (OK VGIT is 0.29%), so if you're making a change you should open a high-yield savings account or CD. I'd rather pay tax on 0.6% than have no yield at all. And also consider I bonds.
by mega317
Mon Oct 05, 2020 1:03 pm
Forum: Personal Investments
Topic: Lower Risk for Short to Medium Term
Replies: 6
Views: 425

Re: Lower Risk for Short to Medium Term

Are you saying the business opportunity may present itself in no less than 3 years? Or within the next 3-5 years?
by mega317
Mon Oct 05, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: PSA: don't be stranded by a dead key fob battery
Replies: 50
Views: 5450

Re: PSA: don't be stranded by a dead key fob battery

Getting into your car without the fob is also useful if you're going on on the water. I don't want to bring the whole fob with me, I pop out the key--doesn't matter if that gets wet. However I’ve never maintained a HOT water heater. You m o ust have grown up in a different place than valleyrock and ...
by mega317
Mon Oct 05, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: Smarter approach to "emergency funds"?
Replies: 210
Views: 38854

Re: Smarter approach to "emergency funds"?

Yeah. When I saw this post earlier in the year, I decided to do something like this for a small amount of my money. I think I'm still down from my original cash amount. This doesn't make a lot of sense to me. The market is about where it was at the February peak and up over 30% from the date of the...
by mega317
Sun Oct 04, 2020 8:39 pm
Forum: Investing - Theory, News & General
Topic: [President tests positive for COVID-19 - market impacts]
Replies: 157
Views: 16100

Re: [President tests positive for COVID-19 - market impacts]

One thing to consider based on a previous post, if the market has already “priced in” a likely Biden win, the Donald’s health for a few months doesn’t really matter.
by mega317
Sun Oct 04, 2020 8:03 pm
Forum: Personal Consumer Issues
Topic: Oil change disaster
Replies: 127
Views: 14072

Re: Oil change disaster

baz_2023 wrote: Sun Sep 27, 2020 9:31 am They called to tell me they would clean it and refill the oil, test drive it and call me to pick it up Sunday.
Last update suggested there would be nothing new until today. I’m holding out hope.
by mega317
Sun Oct 04, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5149
Views: 1331720

Re: What Book Are You Currently Reading? Part VI

Into the Raging Sea by Rachel Slade. Account of the sinking of El Faro in hurricane Joaquin. About halfway through and I am mixed on this book. She does a good job describing events on the ship and the various factors that seem to have contributed (politics at the company, technological limitations,...
by mega317
Fri Oct 02, 2020 7:10 pm
Forum: Personal Consumer Issues
Topic: Homeowner attempting to resurface neighborhood public road
Replies: 86
Views: 9436

Re: Homeowner attempting to resurface neighborhood public road

mkc wrote: Fri Oct 02, 2020 4:17 pm They acknowledged this is for cosmetic purposes only
Sounds like it's going to be a lovely cosmetic result.
The letter states their calculation for each property owner's portion of the project
LOLLLL
by mega317
Fri Oct 02, 2020 6:38 pm
Forum: Investing - Theory, News & General
Topic: [President tests positive for COVID-19 - market impacts]
Replies: 157
Views: 16100

Re: [President tests positive for COVID-19 - market impacts]

We are UP nearly a full 1% from intraday low. Inside information of a false positive? High uncertainty upon announcement. The market does not like such uncertainty. More information reduced uncertainty. WH refusal to go into detail on his condition and the lack of tweets are not really consistent w...
by mega317
Fri Oct 02, 2020 2:49 pm
Forum: Personal Consumer Issues
Topic: Music Streaming Services
Replies: 62
Views: 6161

Re: Music Streaming Services

We use Spotify family. Separate accounts so my phone doesn't recommend Super Simple Songs or the majorly depressing stuff my wife listens to, but we can also easily share playlists so that when it's dad's turn to drive to school he doesn't have to guess. One drawback is that gift cards don't work fo...
by mega317
Fri Oct 02, 2020 2:36 pm
Forum: Personal Investments
Topic: where to now
Replies: 10
Views: 1394

Re: where to now

You'll need to post a much more comprehensive view of your financial status to get real answers but my guess is you don't need to change anything. Sounds like in the past you were disinclined to get fancy, using a TR fund, and now you have very little need for money on top of SS and pension. Maybe t...
by mega317
Fri Oct 02, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: [President tests positive for COVID-19 - market impacts]
Replies: 157
Views: 16100

Re: [President tests positive for COVID-19 - market impacts]

We are UP nearly a full 1% from intraday low. Inside information of a false positive?
by mega317
Fri Oct 02, 2020 11:23 am
Forum: Personal Investments
Topic: It's A Good Day [Used dividends to buy more shares]
Replies: 21
Views: 2097

Re: It's A Good Day

You'll enjoy it more if you stop worrying about day-to-day news and prices. Read about prospect theory.
by mega317
Fri Oct 02, 2020 11:20 am
Forum: Personal Consumer Issues
Topic: Oil change disaster
Replies: 127
Views: 14072

Re: Oil change disaster

tesuzuki2002 wrote: Fri Oct 02, 2020 11:13 am I can't count the number of times a coworker had to take the day off to wait for the repair man...
Sounds like a perk....
by mega317
Fri Oct 02, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Pay Reduction - What Happens if Layoff Occurs Afterwards?
Replies: 12
Views: 2253

Re: Pay Reduction - What Happens if Layoff Occurs Afterwards?

DoubleComma wrote: Fri Oct 02, 2020 10:04 am What if you don’t accept a 40% Comp reduction?
I'd like to know this too. If you have an option to take a severance now, vs. take the pay cut and hope for the best, you in a way working for free as they could fire you any time at lower or no severance.
by mega317
Thu Oct 01, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff - mechanics
Replies: 33
Views: 3073

Re: Mortgage payoff - mechanics

I'm not sure I understand your last sentence/question. But you owe the balance plus whatever interest has accrued since that statement. And there may also be a fee when you pay it off. My guess is your fee is ~$150. If you don't want to give them one extra penny then send them money right now. Oct 1...
by mega317
Thu Oct 01, 2020 2:16 pm
Forum: Personal Consumer Issues
Topic: Oil change disaster
Replies: 127
Views: 14072

Re: Oil change disaster

willthrill81 wrote: Thu Oct 01, 2020 1:58 pmyou have a big advantage over the lube shop: time.
You must not have little kids :D
Jk, it's a great point
by mega317
Thu Oct 01, 2020 1:32 pm
Forum: Personal Investments
Topic: Does it make sense for me to switch out of my target date fund?
Replies: 24
Views: 1874

Re: Does it make sense for me to switch out of my target date fund?

IMO 90% vs 100% stocks isn't going to make a difference in behavioral errors when the guano hits. There are some wiser people on this forum who recommend at least 20% bonds, I don't really think that would matter either. Also IMO you don't know you can handle volatility, you had very little money in...
by mega317
Thu Oct 01, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: Oil change disaster
Replies: 127
Views: 14072

Re: Oil change disaster

A lot of suggestions on this thread and many others to do your own oil changes. Here are some ideas for the OP's issue and similar stories from others: Loose filler cap Overfill Failed oil filter housing cross threaded on the cap canister thing removed the old O ring and didn't replace it oil filter...
by mega317
Thu Oct 01, 2020 1:00 pm
Forum: Personal Consumer Issues
Topic: [Help high school student choose college career]
Replies: 171
Views: 2041

Re: Undergrad College List Options

But if she wants to go to med school, then she should focus her classwork (major) and extracurriculars on that goal. No she should focus on taking the bare minimum pre-med classes, doing awesome in those, and then majoring in whatever interests her that she can be interesting and passionate about a...
by mega317
Thu Oct 01, 2020 11:23 am
Forum: Personal Consumer Issues
Topic: [Help high school student choose college career]
Replies: 171
Views: 2041

Re: Undergrad College List Options

What factors would lead her NOT to go to in state public flagship? If it's "not getting in" that isn't going to happen with the info you've given us. But if there is a chance she doesn't get in then I would expand List 1 option 2. If she doesn't get in then you can probably cross off most ...
by mega317
Thu Oct 01, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10333
Views: 752886

Re: Refinance Mega Thread

Guys - reading through the posts on here these are mostly non-jumbo loans correct? I refinanced in Jan this year and obviously the rates are better now but for loan amounts under the conforming limit ($535k in my case). My current balance is over that amount, is my best bet to bring the balance bel...
by mega317
Thu Oct 01, 2020 11:04 am
Forum: Personal Investments
Topic: First Taxable Account - Help with Setup
Replies: 7
Views: 946

Re: First Taxable Account - Help with Setup

Ah I understand now. Well it sucks but there isn't much to do about it. Your plan is a good one.
I would still investigate a possible change to your plan. Might lead nowhere.
by mega317
Thu Oct 01, 2020 10:59 am
Forum: Personal Investments
Topic: Is my employer's 401(a) target-date fund (.02% ER) sensible, or would it be better to approximate a 3-fund portfolio?
Replies: 17
Views: 1364

Re: Is my employer's 401(a) target-date fund (.02% ER) sensible, or would it be better to approximate a 3-fund portfolio

That said, what do you think of the core UC Bond Fund (PDF warning) , if I may ask? It's (currently) my intention to use that as my fixed income holding to balance out the equities in my Roth IRA. This is a perfectly good fund. As I said I haven't looked at the UC funds in a while. I seem to rememb...
by mega317
Thu Oct 01, 2020 9:22 am
Forum: Personal Investments
Topic: Investing $150,000, in this day and age
Replies: 44
Views: 5383

Re: Investing $150,000, in this day and age

REITs in a taxable account aren't a no no. They have tax consequences. If you make money, you pay taxes. But only on the gains. What about the dividends? That would be considered a gain and they would be taxable. Some people want the dividend, some people don't. You said If you lose, you don't pay ...
by mega317
Thu Oct 01, 2020 5:24 am
Forum: Personal Investments
Topic: Investing $150,000, in this day and age
Replies: 44
Views: 5383

Re: Investing $150,000, in this day and age

bampf wrote: Thu Oct 01, 2020 12:35 am REITs in a taxable account aren't a no no. They have tax consequences. If you make money, you pay taxes. But only on the gains.
What about the dividends?
by mega317
Wed Sep 30, 2020 11:13 pm
Forum: Personal Investments
Topic: Is my employer's 401(a) target-date fund (.02% ER) sensible, or would it be better to approximate a 3-fund portfolio?
Replies: 17
Views: 1364

Re: Is my employer's 401(a) target-date fund (.02% ER) sensible, or would it be better to approximate a 3-fund portfolio

I will have to look more closely. The last time I looked at the UC Pathway funds they did not tilt. In general though UC funds are great, the envy of all the land, and you'll be fine with any decision you make. If it helps you, it probably doesn't, I decided to use the brokerage link to buy Fidelity...
by mega317
Wed Sep 30, 2020 10:40 pm
Forum: Personal Investments
Topic: First Taxable Account - Help with Setup
Replies: 7
Views: 946

Re: First Taxable Account - Help with Setup

I suppose it makes sense, if I followed you right. Seems like a little too much thinking. Unless you time a drop perfectly, you might be selling that large cap well before 30 days, then what are you going to buy? Most would use a 500 fund. Which takes you right into the problem you think you are avo...