Search found 3398 matches

by chevca
Thu Apr 02, 2020 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 24867

Re: Why does anyone invest in international funds?

Is absolutely true, and why these threads always blow up. I mean... Not so fast: there is undoubtedly a large but quiet group of Bogleheads who take the moderate and (IMHO) reasonable position of "US stocks are good enough for me, and I just don't feel comfortable with international stocks in my portfolio". On the flip side, I'm definitely among the most strident advocates for international diversification on this forum and I know that sometimes I take a strong position. I might go so far as to say that every investor SHOULD be internationally diversified, and I can see how someone who chooses not to invest internationally might feel admonished by that. However, it is not the moderate/quiet U.S.-only investors who are picking the...
by chevca
Thu Apr 02, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 1080

Re: HELOC to invest in stocks ? Apr 2020

Thanks for the advice guys. The reason why I considered it was that bogleheads generally strongly advises not paying off the mortgage and instead invest in index funds ( dollar cost averaged) . I was stupid and paid off my mortgage. Now that the market has crashed 25-30% , isn’t that a good time for NW not to be in home equity, but rather in stocks? My fundamental confusion is how is this more risky than many in bogleheads who don’t payoff mortgage (but can very well afford to) and instead have been investing in stocks the last few years I think you're seeing what you want to see here. MANY BHs will say to pay down or off the mortgage before taxable investing at least. Not before tax advantaged stuff though. I'd say you were smart to do wh...
by chevca
Thu Apr 02, 2020 10:15 am
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 24867

Re: Why does anyone invest in international funds?

The difference in these threads....

US only folks.... I think US only is fine, it's likely to give good returns, and if others want to hole US and INT no biggie it probably won't make much of a difference.

INT folks... You have to hold INT, you're wrong to hold US only, the experts all say hold both, and you will be better if you just do what I say.

Okay.....
by chevca
Thu Apr 02, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 24867

Re: Why does anyone invest in international funds?

So, no one knows, right? It's just as wrong to cram international down folks' throat like the HAVE TO have it. To each their own. Global indexing is a neutral starting point. I'm not trying to cram anything down anyone's throats , just point out the obvious. People can and should deviate from defaults for good reasons, not start at a non-default point like US-only. Want to tilt US? Sure, just have solid reasons. I am a dog with a bone on this front because I don't think people get that single-market risk is real. It has showed up at various times and in various places, including emerging and developed markets. It could show up here. Lots of reasons these days to think it might. If I had to guess - and to be clear, I'm not acting on this gu...
by chevca
Thu Apr 02, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Waiting to Buy a Rental?
Replies: 6
Views: 705

Re: Waiting to Buy a Rental?

I'd wait at least until the no rent exceptions are lifted in most places. :happy

It is timing. But, in this case it seems reasonable to me. Looking to get into rental properties, it seems wise to wait a bit while current issues play out. The issues could lower the housing market, or maybe not. The issues could make some folks want to get out of the rental property business... see, can't collect rent during the crisis. There could be deals in the months ahead. Or, again, maybe not. But, I don't think it's going to hurt and nor will you miss out on anything by waiting a bit.
by chevca
Thu Apr 02, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 1080

Re: HELOC to invest in stocks ? Apr 2020

I have a paid off home. What are your thoughts on taking (up tp 80%) of home equity out as a HELOC and investing it in S&P index funds now in the middle of Covid (Apr 2020) ? We are middle aged (late thirties) couple. Have good incomes and good NW. But with Covid, everything is up in the air I don't know why anyone would ever want to do this but with "everything up in the air" as you put it; why in the world would you be thinking this way? You have a paid off house (most don't), have good incomes (most here likely do), and good NW (most here likely do?), and are young! Keep your house as a paid off asset, maximize all tax advantaged retirement options, and put whatever other discretionary income you have in the S&P index....
by chevca
Wed Apr 01, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

I see a slow uphill climb of rates starting .... sometime. I couldn't say when with it being one thing after another it seems. But, my best guess is we're in a similar to post WWII time and we'll make that slow climb up. Just a guess though.
by chevca
Wed Apr 01, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1991

Re: Mortgage Forbearance

Details online for a 3 month forbearance on mortgages at my particular lender say the options after three months up are pay Balance of amount not paid immediately Call to setup payments of balance over time Call to see about re doing mortgage w/ balance added to the end of loan Call to Extend forbearance No Negative Credit reporting and no late fees. Call me cynical but sounds reasonable....any gotchas? If none, what would be the reason to not continue this type of program indefinitely? Other than the obvious, some people will take advantage and exploit the system, yadda yadda. Wouldn’t the majority of people benefiting from such a program improve society as a whole allowing people in financial crisis to weather the storm without adding to...
by chevca
Wed Apr 01, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 2526

Re: Utah Remote Job, where will you relocate ?

Have you ever been out of the Midwest? I don't ask that to be mean. I'm asking because I grew up in MN, and if I think of what you're thinking of as a backyard garden, you may not find that in lots of 10 month sunshine areas. At least in the natural ground. There just isn't great dirt and soil everywhere. You may need to realize your garden might be in big planters/boxes. This could be a pick two of the three, but not all three sort of choices. Sure agreed soil is needed. that is what looking for perma culture areas... I do see your point weather and location is good, you cannot afford the land to garden... We have to acknowledge that we have travelled ... outside of midwest... Just wanted to make sure. I barely left MN before I was almost...
by chevca
Wed Apr 01, 2020 12:40 pm
Forum: Personal Investments
Topic: Change 401k contributions from traditional to Roth?
Replies: 18
Views: 1454

Re: Change 401k contributions from traditional to Roth?

Decision between traditional 401k and Roth is a matter of "tax rate" including everything such as IRMAA. However, in the case of a wash between the two, isn't it better to contribute to traditional in the down market because you get more shares? Not arguing with that (because I'm not certain of the answer!)... but doesn't the "more shares" aspect benefit Roth in the same way as Traditional? I am missing why it would confer a bigger benefit in Traditional. Assuming they didn't change their contribution amount to make up the difference, a traditional contribution of say, $500 for example, would buy $500 worth of shares being pre-tax. The same $500 contribution to Roth after-tax would buy $425 worth of shares. Again, with ...
by chevca
Wed Apr 01, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 2526

Re: Utah Remote Job, where will you relocate ?

Have you ever been out of the Midwest? I don't ask that to be mean. I'm asking because I grew up in MN, and if I think of what you're thinking of as a backyard garden, you may not find that in lots of 10 month sunshine areas. At least in the natural ground. There just isn't great dirt and soil everywhere. You may need to realize your garden might be in big planters/boxes.

This could be a pick two of the three, but not all three sort of choices.
by chevca
Wed Apr 01, 2020 12:09 pm
Forum: Personal Investments
Topic: Worth Refinancing to hedge bets?
Replies: 9
Views: 868

Re: Worth Refinancing to hedge bets?

Hedging your bets against a "currently unlikely" situation... nope, doesn't make sense to me.

If you're selling stocks because you're worried about them going down more.... and, you're worried about having a mortgage payment if an unlikely situation occurs, sell stocks and pay off the mortgage.
by chevca
Wed Apr 01, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 24867

Re: Why does anyone invest in international funds?

So, no one knows, right?

It's just as wrong to cram international down folks' throat like the HAVE TO have it. To each their own.
by chevca
Wed Apr 01, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

That was cheap for the 70s! I had a 9 something percenter in the late 90s.
by chevca
Wed Apr 01, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in international funds?
Replies: 306
Views: 24867

Re: Why does anyone invest in international funds?

Noobvestor wrote: Wed Apr 01, 2020 4:10 am
spdoublebass wrote: Wed Apr 01, 2020 4:09 am
Noobvestor wrote: Wed Apr 01, 2020 3:38 am
P.S. Jack Bogle was right - I completely agree with what he said: "If there's one place I don't want people to take my advice, it's international. I want you to think it through for yourself." I was there, in person, when he said it. viewtopic.php?t=104781
Don't say that too loud.... That other thread might hear it.....
I have been repeating it for close to a decade now, alas to little effect. It's hard to convince people that a decade isn't a lifetime.
So, as long as they think it through for themselves, people are right weather they choose to hold international or US only according to Jack, right? Or, are they only right if they listen to you? :wink:
by chevca
Wed Apr 01, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 2526

Re: Utah Remote Job, where will you relocate ?

True, but the 10 months of sun want do limit the choices somewhat. That's why I didn't say entire west half of the country. :happy
by chevca
Wed Apr 01, 2020 10:19 am
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 56
Views: 5526

Re: Buying only top 10 S&P500 companies every year

Yes, OP, you might not want to be so defensive. Instead of "useless comment", try asking why or how? Folks are answering your question.
by chevca
Wed Apr 01, 2020 10:14 am
Forum: Personal Investments
Topic: Change 401k contributions from traditional to Roth?
Replies: 18
Views: 1454

Re: Change 401k contributions from traditional to Roth?

David Jay wrote: Wed Apr 01, 2020 9:16 am
[edit] My real point is that the decision should be tax bracket based, not “this market downturn” based.
This ^^

If traditional contributions made sense for you in January, they still make sense for you.
by chevca
Wed Apr 01, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Buying only top 10 S&P500 companies every year
Replies: 56
Views: 5526

Re: Buying only top 10 S&P500 companies every year

Are you asking this because you think the top 10 companies make up most of the returns for the S&P 500? That's probably a good assumption. I haven't checked nor do I want to. But, I'd think you could compare the DOW and the S&P 500 returns to get a pretty good idea what the top 10 or 30 companies would return compared to the S&P. They're pretty much the same, is what it comes down to.

The other part is, how would one do this? If one is using a 401k, IRA, and all, it would be tough to implement across accounts.
by chevca
Wed Apr 01, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

What?? :confused

Like I read in Larry Swedroe's book, 'if predicting the stock market is difficult, predicting interest rates is impossible'. The two are not automatically going to go in opposite directions as you imply. So, if stocks go down, interest rates should go up then, right?

As I said, to each their own. For you folks that like ARMs, interest only, and having mortgages for 50 years in total, have fun. I'll take a 3 something percent fixed rate mortgage any day while we can get em.

These are historically low mortgage rates. But, not unheard of... they've been low before, and didn't stay there...
by chevca
Wed Apr 01, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

So, you wouldn't hold interest only and adjustable mortgages forever in a rising or high mortgage rate environment? You just think they're great for now?
by chevca
Wed Apr 01, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 2526

Re: Utah Remote Job, where will you relocate ?

Just within an hour or two flight of Utah? Your options are about the entire Southwest. Have you been to any of those states... like any of them more than others?
by chevca
Wed Apr 01, 2020 9:14 am
Forum: Personal Investments
Topic: Stay in or go on the sidelines
Replies: 10
Views: 1387

Re: Stay in or go on the sidelines

Are you in retirement, do you need to preserve capital, or do you have decades to go before retirement?
by chevca
Wed Apr 01, 2020 9:09 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

Like I said, it's been a good decade to have an ARM.

Would you like it if mortgage rates were rising?... or in the 6, 8, or 10 percent range?
by chevca
Wed Apr 01, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Combining loans idea
Replies: 3
Views: 420

Re: Combining loans idea

It certainly wouldn't be a horrible idea. But, there's really no reason to pay off the rental. I'm not a fan of debt either, but the debt on the rental is not bad debt to have. I still say, leave things as they are and focus on knocking out the HELOC. Then you're good. I wouldn't pay down either house early with the low rate on the primary and the other being the rental.
by chevca
Wed Apr 01, 2020 9:00 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

There's a timing thing involved as well. The interest only and ARMs being argued for in this one haven't been all that bad for the past decade. Because mortgage rates have gone down and stayed down. I wonder if they'd feel so good about them in a rising or high mortgage rate environment?
by chevca
Wed Apr 01, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

So, still no link to anyplace offering one nowadays... I'm impressed by your effort.... FWIW - I do not know what 'nowadays' means but we had an interest only mortgage less than 10 years back. A 30 year fixed rate interest only? I know interest only mortgages exist. I had one myself in 2005... a 2 year interest only mortgage... then it reset. :shock: Never again for me. But like I said, to each their own. Now, this long term fixed rate (30 years?) interest only... I think it's a fairy tale unless someone shows a link to one available now. Based on your post I have no idea why you seem to want an interest only mortgage now but here is a link I just found with a quick search: https://www.nerdwallet.com/best/mortgages/interest-only-mortgage-l...
by chevca
Tue Mar 31, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

WS1 wrote: Tue Mar 31, 2020 6:54 pm My favorite part about this thread is it’s just a string of people calling HEDGEFUNDIE a liar
They've been asked to show an example plenty, so until then.....
by chevca
Tue Mar 31, 2020 7:32 pm
Forum: Investing - Theory, News & General
Topic: The most long-term-profitable emotion in investing.
Replies: 48
Views: 3755

Re: The most long-term-profitable emotion in investing.

jpmorganfunds wrote: Tue Mar 31, 2020 7:31 pm P A T I E N C E
Beat me to it... +1
by chevca
Tue Mar 31, 2020 7:24 pm
Forum: Personal Consumer Issues
Topic: AirBnb Host Refusing COVID-19 Refund
Replies: 9
Views: 1408

Re: AirBnb Host Refusing COVID-19 Refund

I just saw that on the news today that AirBnb is giving refunds. Is the host aware of this yet? Maybe they're not?

Otherwise, I'd say go above the host... bug AirBnb until you get the refund.
by chevca
Tue Mar 31, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 4730

Re: House Buying Advice - Contract Already Signed

OP talked of giving the current landlord a 60 day notice. I'm guessing the June closing was wanted by the OP due the the current rental lease ending then, or just worked out well for seller and buyer? I doubt it's a financing thing.
by chevca
Tue Mar 31, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 4730

Re: House Buying Advice - Contract Already Signed

We put an offer on a home and also had to go a few thousand over the asking price to get the house. We love the house, we love the town and need to stay in a confined area so my two daughters don't have to change elementary schools. We moved to this area in October so moving them to another elementary school is unacceptable in our eyes. The house was appraised about two weeks ago and the value came in $5k above the price that was accepted. Buy it. You guys love it, the jobs are secure, and it's where you want it. Who really knows what the housing market will do? If you end up keeping the house for a long time, which it sounds like you will at least while the kids are in school, whatever happens over the next year or so won't matter. Maybe ...
by chevca
Tue Mar 31, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Combining loans idea
Replies: 3
Views: 420

Re: Combining loans idea

I wouldn't change a thing. You have a great rate and only 8 year left on the primary home. Someone else pays the rental mortgage interest for you, and you get to claim the tax deduction from it. Leave things as they are, IMO.
by chevca
Tue Mar 31, 2020 6:21 pm
Forum: Personal Investments
Topic: Rebalancing thoughts for this current market
Replies: 8
Views: 1132

Re: Rebalancing thoughts for this current market

What's the point of having a rebalance band if you're not going to follow it?
by chevca
Tue Mar 31, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

smitcat wrote: Tue Mar 31, 2020 3:40 pm
chevca wrote: Tue Mar 31, 2020 2:55 pm So, still no link to anyplace offering one nowadays...

I'm impressed by your effort....
FWIW - I do not know what 'nowadays' means but we had an interest only mortgage less than 10 years back.
A 30 year fixed rate interest only?

I know interest only mortgages exist. I had one myself in 2005... a 2 year interest only mortgage... then it reset. :shock: Never again for me. But like I said, to each their own.

Now, this long term fixed rate (30 years?) interest only... I think it's a fairy tale unless someone shows a link to one available now.
by chevca
Tue Mar 31, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

So, still no link to anyplace offering one nowadays...

I'm impressed by your effort....
by chevca
Tue Mar 31, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

So, still no link to anyplace offering one nowadays...

I'm impressed by your effort....
by chevca
Tue Mar 31, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

That's not a link to a set rate interest only mortgage. It just goes to the initial refinance page. I'm interested in you proving your point. I'm not going to look around and prove it for you. I'll take it you can't do so....
by chevca
Tue Mar 31, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

Why don't you share a link of one that isn't adjustable then? I've not seen that before.
by chevca
Tue Mar 31, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: With a volatile stock market account, how do I track retirement progress?
Replies: 13
Views: 984

Re: With a volatile stock market account, how do I track retirement progress?

What... is this a trick question? :confused

What possible good could net worth numbers from January, last year, 5 years ago, a guess at the future, or some average of any of them do?? Live in the now. That's all you can count.

Sometimes we will all lose money being invested in the stock market. Why is this so shocking to people??!!
by chevca
Tue Mar 31, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Mortgage - Keep balance as High as Possible
Replies: 162
Views: 14521

Re: Mortgage - Keep balance as High as Possible

Can someone explain to me the end-game of an interest-only mortgage? I’ve never seen a quote for one that goes past 10 years (HEDGEFUNDIE say he was quoted a 30-year but WF doesn’t advertise them as far as I can see) but then what? I’m sure the bank would love to collect interest for X number of years and then just take back the house when you die since you will have paid zero principal but that can’t be the plan, can it? What is the end game of a renter? Keep renting, or buy a house. At the end of the 30 years, you can choose to take all the money that would have gone into principal and pay off the house. Or not. If not you can just keep rolling your refis well past your life expectancy. I am reminded of the admonition we give to posters ...
by chevca
Tue Mar 31, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice- Sitting On Cash
Replies: 2
Views: 436

Re: Home Buying Advice- Sitting On Cash

If it's going to be your "last house", I really wouldn't worry about the short term housing market. I would look and buy when you're ready. Whatever happens over the next year or so isn't likely to matter much in the long run.
by chevca
Tue Mar 31, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: How to "Reverse" an Exterior Door Pet Door Piece?
Replies: 14
Views: 1605

Re: How to "Reverse" an Exterior Door Pet Door Piece?

Kennedy wrote: Mon Mar 30, 2020 10:49 pm I found the perfect, used exterior door that has a built-in doggy/pet door. It's exactly what I want except that my existing door handle on the interior is on the right, and the new door's interior door handle is on the left. Because of the room orientation, I really need to keep the interior door handle on the right. I can't just flip the door around because the lock-out panel for the doggy-door part would now be on the exterior instead of the interior.
Maybe I'm reading this wrong, but that doesn't sound very "perfect". :wink:

Find another door.
by chevca
Tue Mar 31, 2020 9:17 am
Forum: Personal Investments
Topic: Strategy to being allowed penalty and tax free withdrawals from retirement account?
Replies: 3
Views: 452

Re: Strategy to being allowed penalty and tax free withdrawals from retirement account?

So I understand, you're talking, let's use $19500, about taking out $58500 (3x) now to buy more shares, then paying that money back over the next 3 years, and not making regular contributions because you're paying the loan back?
by chevca
Tue Mar 31, 2020 9:10 am
Forum: Personal Investments
Topic: Use emergency fund to maintain investments?
Replies: 16
Views: 1697

Re: Use emergency fund to maintain investments?

dandinsac wrote: Mon Mar 30, 2020 10:37 pm Others were furloughed, so I am fortunate!
So, you may be next... and you want to start dipping into the emergency fund to fill investment accounts? Uh, no.

This forum can really skew priorities. It's a little worrisome, really. Filling the 401k is not the most important thing in life. Not that folks shouldn't do it or try to do it, but sometimes it might not happen. Keep perspective.
by chevca
Tue Mar 31, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: What is best option for freeing up a lot of cash?
Replies: 30
Views: 2579

Re: What is best option for freeing up a lot of cash?

They are adults and need to figure their money situation themselves. IMHO, don't borrow money to give to them, at least this early in the game. Or even mention that you might. Oh I agree. They just know in general that we are there for them. They are all very responsible… Great track records in being financially responsible early in adult life. But, this is a highly unstable environment that we’ve entered into. Normal rules of thumb may not apply. The "normal" sounds like they will get through this fine, if they're great at being financially responsible. Again, you have the HELOC already right? You have the funds available already... IF NEEDED. Since it's likely they will be just fine, refinancing the house for a not very likely ...
by chevca
Mon Mar 30, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: How do I avoid falling prey to this potential bear market rally?
Replies: 39
Views: 4988

Re: How do I avoid falling prey to this potential bear market rally?

Times like these show how human, human beings are, huh? Any other year, OP and folks bringing similar things up, probably just do a backdoor or Roth contribution without thinking about it. They still could gain or lose a percent or two the day after since we never know. But now.... they wait, want that perfect point to do it, think they can time it, want to avoid a drop or gain, and so on....
by chevca
Mon Mar 30, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What is best option for freeing up a lot of cash?
Replies: 30
Views: 2579

Re: What is best option for freeing up a lot of cash?

So, you already have the HELOC, and it's there ready to be tapped anytime? Why are you looking at any other options?? You're overthinking this.
by chevca
Mon Mar 30, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: How do I avoid falling prey to this potential bear market rally?
Replies: 39
Views: 4988

Re: How do I avoid falling prey to this potential bear market rally?

livesoft wrote: Mon Mar 30, 2020 7:10 am A backdoor Roth cannot involve more than about $7000 of money. If you are worried about losing $3K to $4K, then you need to get a bigger portfolio to start with. That fact that you have to do a backdoor Roth instead of just contributing means that you had a lot of income --- so much that $3K to $4K should not make a material difference to the rest of your life. Sorry, this may just be mansplaining, but I say just get on with it and stop worrying.
Glad I wasn't the only one. This is exactly what I was thinking. ^^

Unless there's more to the story here, this is a drop in the bucket. Just do it.