Search found 383 matches

by ChiKid24
Wed Apr 14, 2021 3:53 pm
Forum: Personal Investments
Topic: thinking about adding some REIT
Replies: 103
Views: 5539

Re: thinking about adding some REIT

I like BRMK. They are a mortgage REIT that doesn't own real estate, but rather makes money by offering short term hard money loans to real estate developers and construction companies. I like this business model better than REITs that own real estate. That said, they still qualify as a REIT, which ...
by ChiKid24
Wed Apr 14, 2021 2:36 pm
Forum: Personal Investments
Topic: thinking about adding some REIT
Replies: 103
Views: 5539

Re: thinking about adding some REIT

I like BRMK. They are a mortgage REIT that doesn't own real estate, but rather makes money by offering short term hard money loans to real estate developers and construction companies. I like this business model better than REITs that own real estate. That said, they still qualify as a REIT, which m...
by ChiKid24
Tue Apr 13, 2021 10:16 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24473

Re: 2021 I Bonds: what's your plan?

That said, I still rescheduled my last I Bond purchase from late April to first Monday in May. For a 5+ day delay, I'll get a higher initial interest rate. I don't see a downside (and maybe there's no upside...). If the cash you plan on using to purchase is earning any interest at all, you're bette...
by ChiKid24
Tue Apr 13, 2021 12:48 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11835

Re: Cons of i bonds?

Sorry but I just don't see a bank charging a fee for a savings account or MM account. What is the point of a savings account where you pay the bank and have no savings? I mean I guess it is possible, I would just expect depositors to pull their deposits in that scenario. Let me rephrase my concern ...
by ChiKid24
Mon Apr 12, 2021 10:32 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 113
Views: 11835

Re: Cons of i bonds?

Sorry but I just don't see a bank charging a fee for a savings account or MM account. What is the point of a savings account where you pay the bank and have no savings? I mean I guess it is possible, I would just expect depositors to pull their deposits in that scenario. Let me rephrase my concern ...
by ChiKid24
Mon Apr 12, 2021 9:32 pm
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4644

Re: Emergency (oh my God fund)

OP, I keep 1 year to 3 years of expense in CASH as my emergency fund. I consider CASH as a separate asset class. KlangFool 1 to 3 years seems like a pretty wide range. Are their specific situations that bring it down to one or up to three? Of course either are fine if that's what you desire, just c...
by ChiKid24
Mon Apr 12, 2021 5:26 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 932

Re: I Bonds

Currently, we have roughly double what we would need for a 6-month EF. I could purchase a portion of what we would need for our EF without really taking on the risk of our EF being tied up and unavailable. This thread is forcing me to seriously consider purchasing some I Bonds at the first of the m...
by ChiKid24
Mon Apr 12, 2021 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: LenderFi refinance experience -- not so good
Replies: 22
Views: 1428

Re: LenderFi refinance experience -- not so good

I have gone with them multiple times. Found them to be very professional and better than any other refi process I have done. I'm not quite sure I understand the magical $900 fee. You say that they were unwilling to put it in writing. Well if it's not on the closing disclosure, how exactly were you m...
by ChiKid24
Fri Apr 09, 2021 11:45 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2988

Re: Are you competitive? If so, how do you compete as you get older?

I recently took up chess. I had played with my dad as a kid and a couple of times in college, but never really anything competitively. Someone started a thread on this forum about it and it renewed my interest. So did watching The Queen's Gambit on Netflix. Chess.com allows you to play online for fr...
by ChiKid24
Thu Apr 08, 2021 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 46
Views: 4728

Re: Your recommended banks for High Yield Savings & CDs

HM Bradley working for me. 3% up to 100K with minimal effort. If they keep it at 3%, that is definitely a good deal. Do you know what the minimum direct deposit is? Seems a little tricky since you have to keep at least 20% of direct deposits with them, and they don't pay interest over 100k. I have ...
by ChiKid24
Wed Apr 07, 2021 10:52 pm
Forum: Personal Investments
Topic: 0.65% on a 9 month CD, is there anything better for now?
Replies: 9
Views: 1724

Re: 0.65% on a 9 month CD, is there anything better for now?

I'm getting 3% on savings account at HM Bradley. It's on up to $100k. Some hoops to go through to get the rate, but it's the best I've seen on that high a balance.
by ChiKid24
Sun Apr 04, 2021 8:52 am
Forum: Personal Investments
Topic: Sell SPY for VOO Lower ER after One Year - Capital Gains
Replies: 9
Views: 788

Re: Sell SPY for VOO Lower ER after One Year - Capital Gains

The difference in exchange ratio cost you about $4 this year. Over 6-7 years, you're probably talking less than $50 difference. If you sell, you're looking at a cap gain of about $270 (assuming 15% treatment). I'd hold it, turn off dividend reinvestment, and send future dividends and/or contribution...
by ChiKid24
Wed Mar 31, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Moving home out of trust for HELOC?
Replies: 7
Views: 650

Re: Moving home out of trust for HELOC?

Question on moving the property out and back into the trust. Is this a complex process that requires an attorney? I just closed on a refi and the lender required a move out and back into the trust in that process. They used two quit claim deeds, first moving to my wife and I, then back into the trus...
by ChiKid24
Wed Mar 31, 2021 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Moving home out of trust for HELOC?
Replies: 7
Views: 650

Re: Moving home out of trust for HELOC?

Thanks all. Very helpful information as usual. Appreciate it.
by ChiKid24
Wed Mar 31, 2021 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Moving home out of trust for HELOC?
Replies: 7
Views: 650

Moving home out of trust for HELOC?

Hey there. We recently refinanced to a 30 year at 2.375% with a lender credit to cover costs. To get this great rate, I had to close out my existing undrawn HELOC. Now that the refi is done, I'm looking to get another HELOC. I have a lot of equity in the house and like having one as a low cost emerg...
by ChiKid24
Wed Mar 31, 2021 12:37 am
Forum: Personal Investments
Topic: Best Place to Park Housing Down Payment?
Replies: 11
Views: 1086

Re: Best Place to Park Housing Down Payment?

How much we talking? HM Bradley offering 3% on savings up to $100k with FDIC insurance. There are some hoops to go through like a monthly direct deposit from employer. I set my payroll to send $100 from my pay there every two weeks and that qualifies. You also need to keep withdrawals at a certain p...
by ChiKid24
Fri Mar 26, 2021 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2610

Re: HM Bradley experience

This makes me feel a lot better about the mechanics of withdrawing a large balance all at once when the time comes. Not that things couldn't change, of course. I initiate ACH from Ally straight into the Hatch Bank account. That way I don't have to worry about what HMBradley may or may not change in...
by ChiKid24
Sun Mar 14, 2021 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?
Replies: 101
Views: 8849

Re: Is 7K mortgage a month too much for 13K (combined) post tax monthly income?

Something isn't adding up here. Even if I take the top end $1.4M as all mortgage (which would mean zero down) and use a 4% 30-year mortgage (rates are much lower than that today), I get less than $7k monthly payment. If you take the middle of your range and buy a $1.2M home with 20% down and get a 3...
by ChiKid24
Mon Mar 01, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: CITI Bonus
Replies: 34
Views: 3770

Re: CITI Bonus

How are people handling these bonuses when it comes tax time? I got over $2k in bonuses in 2020 and while most have provided me a 1099 which includes the bonus amount as interest earned, Citi has not. I called them today to inquire and they said since I earned less than $10 in interest, I would not ...
by ChiKid24
Wed Feb 24, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13376

Re: Best decision(s) in your financial life

OK, this is going to sound strange, but I'm going to say buying my Tesla Model 3 in 2018. This decision led to a whole new world for me which I'll discuss below. But if I work backwards, I can point to that event as the catalyst. My job in 2018 had a 3 hour round trip commute. The car I was driving ...
by ChiKid24
Wed Feb 24, 2021 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

Just wrapped up my 3rd refinance in the past 7 months, using Lenderfi's 6-month loan insurance program (my 2nd refinance was with them). 30-year, 2.375% true no cost (credit to offset sections D+E, appraisal waived) on a high conforming ($700k+) loan in SoCal. Locked 1/21/21, signed 2/16, funded and...
by ChiKid24
Mon Feb 22, 2021 5:20 pm
Forum: Personal Investments
Topic: Fidelity 3 Fund Portfolio
Replies: 14
Views: 854

Re: Fidelity 3 Fund Portfolio

This is what my company's 401k plan offers as well. I move as much as I can to brokerage link (50% allowed for me) and invest in FZROX and FZILX. These are Fidelity's zero fee mutual funds. I don't do a bond fund in this account, but use FXNAX in my IRA.
by ChiKid24
Thu Feb 18, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 164973

Re: My LenderFi refinance is going well

Does LenderFi assure that your new loan refi will include the clause that says "no pre-payment penalty"? I want to make sure to have the opportunity to pay extra on my mortgage principal even after the refi. Is there a minimum on the mortgage amount? Only have $65,000 left to pay and the ...
by ChiKid24
Wed Feb 17, 2021 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

Question for the experts: I re-fi'd to a 30 year 2.75% with Lenderfi back in July 2020. My six months of on-time payments expired in Feb so I called them and asked if I could have a no-cost 2.5%. They took an hour or two to think about it, said yes, and sent me the initial loan estimate on 2/9/2021...
by ChiKid24
Wed Feb 17, 2021 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

drk wrote: Wed Feb 17, 2021 6:36 pm
ChiKid24 wrote: Wed Feb 17, 2021 6:30 pm Any serial refinancers running into issues with their mortgage interest deduction in TurboTax?
There's a tread about it: viewtopic.php?p=5799532#p5799532
Thanks! That's a messy solution but it works.
by ChiKid24
Wed Feb 17, 2021 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

Any serial refinancers running into issues with their mortgage interest deduction in TurboTax? I had close to $24k in mortgage interest this year spread across four different lenders and for some reason Turbo Tax is capping my deduction at half that amount which brings me down to the standard deduct...
by ChiKid24
Tue Feb 16, 2021 3:57 pm
Forum: Personal Investments
Topic: Cost Basis in Tax Advantaged?
Replies: 18
Views: 1321

Cost Basis in Tax Advantaged?

Wanted to reach out to see if there's any reason to track cost basis and purchase lots in tax advantaged accounts. I can think of a few instances where it is needed (listed below), but otherwise it just seems like tracking isn't needed other than to measure performance. Traditional Accounts (401k, I...
by ChiKid24
Sat Feb 06, 2021 2:05 am
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 931

Re: California HSA - Treasury bonds vs brk.b?

I think it’s useful to think about the work/hassle required for record keeping in two parts. 1) Info for filing yearly tax returns 2) Info for tax reporting when shares are sold To me, the first is pretty simple. The second is more complicated. However, it’s easier if you limit the number of tax lo...
by ChiKid24
Thu Feb 04, 2021 4:54 pm
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 931

Re: California HSA - Treasury bonds vs brk.b?

OK thanks for the distinction. That makes sense and I didn't realize there is no 1099-B (last year was my first year). That said, I still don't see how this is a big hassle. I just pull my year-end HSA statement from Fidelity's website and look at the Year-to-Date income summary and include that as...
by ChiKid24
Thu Feb 04, 2021 2:17 pm
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 931

Re: California HSA - Treasury bonds vs brk.b?

I've seen this concern brought up in a number of threads and I'm not sure I understand it. Presumably you get tax forms every year from the brokerage that holds the HSA (Fidelity?). Is it that burdensome to work through this every year on your California tax return? Is it any more burdensome than d...
by ChiKid24
Thu Feb 04, 2021 12:27 pm
Forum: Personal Investments
Topic: California HSA - Treasury bonds vs brk.b?
Replies: 12
Views: 931

Re: California HSA - Treasury bonds vs brk.b?

I've seen this concern brought up in a number of threads and I'm not sure I understand it. Presumably you get tax forms every year from the brokerage that holds the HSA (Fidelity?). Is it that burdensome to work through this every year on your California tax return? Is it any more burdensome than de...
by ChiKid24
Tue Feb 02, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Credit Moves Before/After Retirement?
Replies: 10
Views: 858

Re: Credit Moves Before/After Retirement?

HELOC is the way to go. Allows you access to lots of capital if needed to pay a large expense that could pop up or even to manage income. Need $20k to cover expenses the last 2-3 months in the year, but don't want to pay taxes on an IRA distribution? Trying to manage income level for sake of ACA sub...
by ChiKid24
Mon Feb 01, 2021 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to pay off mortgage?
Replies: 8
Views: 1202

Re: Any reason to pay off mortgage?

If you'll need the cash then paying off isn't an option. You could refi, but that probably only saves you a few hundred bucks since you'll be closing the loan when you sell the house. Also going through a refi will ding your credit, which could impact the rate you get on the new loan when you buy. S...
by ChiKid24
Mon Feb 01, 2021 12:02 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 164973

Re: My LenderFi refinance is going well

Wow I'm surprised they price matched. I thought LenderFi didn't do that and didn't like when their customers try. But if it came from the CEO....(for the record, I got a no cost 2.5/30 year with LenderFi when I locked in the fall last year. It did require escrow though). Actually, LenderFi hasn’t b...
by ChiKid24
Sun Jan 31, 2021 10:30 am
Forum: Personal Investments
Topic: Optimal HSA strategy in retirement
Replies: 46
Views: 3596

Re: Optimal HSA strategy in retirement

I'm early 40s and started scanning all my medical receipts this year. I don't take any distributions from my HSA, but this will allow me to build up a balance in my HSA and have expenses to justify withdrawals down the road.
by ChiKid24
Sun Jan 31, 2021 10:30 am
Forum: Personal Investments
Topic: Optimal HSA strategy in retirement
Replies: 46
Views: 3596

Re: Optimal HSA strategy in retirement

I'm early 40s and started scanning all my medical receipts this year. I don't take any distributions from my HSA, but this will allow me to build up a balance in my HSA and have expenses to justify withdrawals down the road.
by ChiKid24
Sun Jan 31, 2021 2:18 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 164973

Re: My LenderFi refinance is going well

Has anyone gotten better than a no cost 2.5% 30 yr fixed from LenderFi? Yes. I'm currently locked at 2.375% no cost 30 year. Took a little negotiating to get there. I refinanced with them in August, and had signed the document saying I would not do another refi for 6 months. When I hit five months ...
by ChiKid24
Sat Jan 30, 2021 1:49 am
Forum: Personal Investments
Topic: Better to buy individual stocks in taxable or tax-deferred account?
Replies: 11
Views: 946

Re: Better to buy individual stocks in taxable or tax-deferred account?

One thing that hasn't been mentioned is the step up basis your heirs get at death on stocks in a taxable. In tax advantaged you will need to withdraw once RMDs hit, and/or your heirs will need to if they inherit. Taxes will be paid on these withdrawals at ordinary tax rates. In taxable, you can hold...
by ChiKid24
Thu Jan 28, 2021 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

On #3, this is not something I am willing to pay. There should be no overlap in interest as the funds on my new loan should be immediately sent to pay off the old loan on the same day. If it's sitting for 3-4 days, someone is making money on the interest and the bank shouldn't capture that by holdi...
by ChiKid24
Thu Jan 28, 2021 12:54 am
Forum: Personal Investments
Topic: Fidelity ZERO Total Market Index closed to new investors?
Replies: 26
Views: 7589

Re: Fidelity ZERO Total Market Index closed to new investors?

I'd been waiting to convert to the ZERO funds, and today went ahead to place the orders. Ran into the same "Closed to New Investors" and came here to see if anyone knew when this would change. Sure enough, folks here knew what I didn't: IRA and Roth can invest. But 401K, including 401K So...
by ChiKid24
Wed Jan 27, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

One thing about CA state (perhaps others too) is that there are some mandatory state fees during re-fi that you will incur even for a $0 closing cost loan: 1. ~200 of fees will be charged during payoff for transfer fees. This is part of the payoff quote, so it will not reflect anywhere in the closi...
by ChiKid24
Wed Jan 20, 2021 7:38 pm
Forum: Personal Investments
Topic: VTSAX as Emergency Fund?
Replies: 92
Views: 10457

Re: VTSAX as Emergency Fund?

OP, here are my suggestions to help yourself answer your question. 1) Get a clearer picture of your finances so you can make an informed decision. "about 12-18 months of emergency funds" is a pretty big range. Is it 12, is it 18? Pull together a budget and figure out how much you actually ...
by ChiKid24
Wed Jan 13, 2021 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10225
Views: 735156

Re: Refinance Mega Thread

Another data point from a serial refinancer. My 6-month wait period with Lenderfi expires next month so I called them up to discuss if they could redo my loan. I'm currently at 2.75% on a 30-year, high conforming balance ($712k). The guy said rates went up so they wouldn't be able to offer it to me ...
by ChiKid24
Thu Jan 07, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575474

Re: Share your net worth progression

Just hit $3M today! Thought I had a chance for YE 2020, but was $21k shy. Nice start to 2021 though and I'm there. Progression: 2007 - Age 30: $223K 2008 - Age 31: $410K (the highest year of medicare taxed earnings I've ever had) 2009 - Age 32: $487K 2010 - Age 33: $730K 2011 - Age 34: $650K 2012 - ...
by ChiKid24
Wed Dec 16, 2020 5:38 pm
Forum: Personal Investments
Topic: Looking for a way to invest in Multi Family Real Estate in SE
Replies: 16
Views: 1507

Re: Looking for a way to invest in Multi Family Real Estate in SE

Here are a couple I've invested with and have been happy with the performance and returns: https://praxcap.com/ https://birgeandheld.com/ Passive RE investing is generally frowned on in this forum. If you are interested in researching and networking with others who are interested in the space you s...
by ChiKid24
Wed Dec 16, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 164973

Re: My LenderFi refinance is going well

OK curious, has anyone broken the 6-month hold period with their Lenderfi refinance? I closed in August on a 30-year at 2.75% and see that rates are down another 0.25% these days. Called Interactive Mortgage and they can do a zero cost at 2.5%. My 6-month hold period with Lenderfi doesn't expire unt...
by ChiKid24
Mon Dec 07, 2020 8:16 pm
Forum: Personal Investments
Topic: Looking for a way to invest in Multi Family Real Estate in SE
Replies: 16
Views: 1507

Re: Looking for a way to invest in Multi Family Real Estate in SE

Here are a couple I've invested with and have been happy with the performance and returns: https://praxcap.com/ https://birgeandheld.com/ Passive RE investing is generally frowned on in this forum. If you are interested in researching and networking with others who are interested in the space you sh...
by ChiKid24
Fri Dec 04, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: What happened to Fido funds today?
Replies: 114
Views: 5998

Re: Fidelity Zeros down today?

clipso1 wrote: Fri Dec 04, 2020 6:11 pm I have both FZROX and FSKAX.

Today FZROX -004%
FSKAX +1.11%
My Positions page shows FZROX down 0.3% today (from $13.25 to $13.21). Wonder why you are seeing -004%.
by ChiKid24
Fri Dec 04, 2020 5:59 pm
Forum: Investing - Theory, News & General
Topic: What happened to Fido funds today?
Replies: 114
Views: 5998

What happened to Fido funds today?

[Thread title was "Fidelity Zeros down today?" --admin LadyGeek] Anyone else know what happened with the Fidelity Zero mutual funds (FZROX and FZILX) today? Both traded down on a day when markets were up across the board. Given these funds are meant to track the broad US and International...
by ChiKid24
Tue Dec 01, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: VTI, SCHB, ITOT - TLH Trio?
Replies: 48
Views: 2411

Re: VTI, SCHB, ITOT - TLH Trio?

I use those exact three for my US exposure. For international, I use VXUS, SCHF, IXUS. Did a decent amount of loss harvesting in March and April. Not much lately given the run up.