Search found 1706 matches

by manatee2005
Tue Apr 20, 2021 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

VtsaxParade wrote: Tue Apr 20, 2021 10:17 pm Well the thread is about paying off a mortgage. Without a mortgage, 40k expenses is pretty doable.
Even with a paid off mortgage they still have property tax.
by manatee2005
Tue Apr 20, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

"Nobody" as in anyone ever in the history of the humankind? There's at least someone who's regretted paying off the mortgage at some point. Though generally speaking, it is a good feeling and likely that the majority of the people paying off the mortgage believe its a good decision. Just ...
by manatee2005
Tue Apr 20, 2021 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

Paying off our home first worked out extremely well for us. We built super strong habits and have since accelerated our savings rate while establishing and not deviating from a solid IPS. > Lesson: Less likely to screw up, sense of achievement, and habit forming -> easy transition to investing and ...
by manatee2005
Tue Apr 20, 2021 9:10 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

“Nobody ever regretted paying off the mortgage” Only Sith deal in absolutes. My friend has a 1 mil house paid off, when I told him I doubled my money in the market in 2020 he regretted paying it off. Only doubled? Clearly you missed the BTC runup. Should we start a new topic: "Nobody ever regr...
by manatee2005
Tue Apr 20, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

In other words, when should one de-risk and take the guaranteed 3% return? Triple digit golfer, My answer when your portfolio and EF is big enough. In my case, it meant portfolio = 25X and the EF = 3X. KlangFool Correct me if I'm wrong, but it seems that you'd only pay anything extra on a mortgage ...
by manatee2005
Tue Apr 20, 2021 7:56 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 485
Views: 31232

Re: "Nobody's ever regretted paying off the mortgage."

“Nobody ever regretted paying off the mortgage”

Only Sith deal in absolutes.

My friend has a 1 mil house paid off, when I told him I doubled my money in the market in 2020 he regretted paying it off.
by manatee2005
Tue Apr 20, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 238
Views: 12033

Re: The primary factor for picking a College/University is out of pocket cost

It’s alarming to me when I see the word dream right before the word university. There are more than 300 universities, why fixate on one “dream university”.
I’ll give you the answer. It’s a way for humans to justify the cost, by saying it’s a dream university they are more willing to overpay.
by manatee2005
Tue Apr 20, 2021 7:15 am
Forum: Investing - Theory, News & General
Topic: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
Replies: 69
Views: 8021

Re: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

I won't invest a cent until I see the technicals. I live and die by the fibonacci numbers. Btw, fibonacci ran a helluva deli himself back in the day. Isaac newton too. The queue was always in motion. Waldorf salad looked a bit mushy, though, and they were pretty stingy when it came to conservation ...
by manatee2005
Sun Apr 18, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

cowbman wrote: Sun Apr 18, 2021 10:23 am 3ROOTS, while affordable (by San Diego standards) is also going to include over 50% "affordable housing units." I'm concerned about this for multiple reasons.
I've always had a lot more pleasant interactions with poor people than rich people.
by manatee2005
Sun Apr 18, 2021 2:39 pm
Forum: Personal Consumer Issues
Topic: Vinyl Fence
Replies: 39
Views: 2704

Re: Vinyl Fence

Hello, I need to get my iron fence that's falling apart replaced and I'd like to replace it with a vinyl fence. It's about 25 feet long including a 4ft gate. Ground is pretty level and the fence is basically just a straight line from one wall to another. Judging from some admittedly dated discussio...
by manatee2005
Sat Apr 17, 2021 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Investment property in Texas
Replies: 1
Views: 449

Investment property in Texas

Has anyone bought investment property in Texas? I’m interested in north Austin, Waco, Dallas area?

If you have a realtor or a mortgage browner that you like working with please send me a PM with their info.
by manatee2005
Sat Apr 17, 2021 1:48 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 183
Views: 13063

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

Many problems with this approach. Requires that either the high school offers sufficiently advanced courses or that there is a suitable community or 4 year college nearby. Requires the student to be capable of doing an accelerated program. Some can, many cannot. Requires that the middle school and ...
by manatee2005
Sat Apr 17, 2021 12:45 pm
Forum: Investing - Theory, News & General
Topic: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market
Replies: 69
Views: 8021

Re: There’s a single New Jersey deli doing $35,000 in sales valued at $100 million in the stock market

TonyDAntonio wrote: Fri Apr 16, 2021 9:24 am I won't invest a cent until I see the technicals. I live and die by the fibonacci numbers. Btw, fibonacci ran a helluva deli himself back in the day.
Isaac newton too.
by manatee2005
Sat Apr 17, 2021 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6515

Re: What Does College Tuition Really Cost?

Why do you care if you have a 5 mil net worth? OMG, you are worth $5M and you have your hand out??? I apologize in advance. $5M net worth is a lot of money, and there probably aren't too many families with a higher net worth looking for aid. So if he wanted to, OP certainly could afford to pay full...
by manatee2005
Sat Apr 17, 2021 12:19 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 183
Views: 13063

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

People who do 2 years of community college then a no name state school don't know what they're missing. It would be like me telling people not to buy a Porsche 911 if I only drove Toyotas all my life and didn't know what I was missing out on.
by manatee2005
Sat Apr 17, 2021 4:21 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1120
Views: 141447

Re: [Fidelity Health Savings Account Mega-Thread]

TresBelle65 wrote: Wed Jan 13, 2021 10:49 am Any updates to this thread? Any recommendations for as seamless as possible of a transfer to Fidelity?

Thank you.
Best thing is to ask your HR.
by manatee2005
Sat Apr 17, 2021 4:19 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1120
Views: 141447

Re: [Fidelity Health Savings Account Mega-Thread]

I guess I'd like to save on the $18/year Devenir charges me through Further to invest my HSA dollars over the $1000 minimum threshold that I have in Vanguard index funds currently. You have all convinced me to make the switch! Still consider myself a Vanguard die-hard though. And that's precisely w...
by manatee2005
Sat Apr 17, 2021 4:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard - How America Invests
Replies: 28
Views: 3294

Re: Vanguard - How America Invests

Why is everyone so fixated on the frequent trading term.

Do you really think Vanguard would classify someone who deposits money in the account every paycheck to buy a fund or a stock as active trader? Or somebody who reinvests dividends? C'mon people.
by manatee2005
Sat Apr 17, 2021 2:39 am
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6515

Re: What Does College Tuition Really Cost?

I understand what tuition cost at my state universities (about $15K a year), but I'm not sure what it would cost for private or even out of state state universities. I keep on hearing that you get tuition breaks for being a good student, finance etc. For background my kid will have a 4.0 GPA (but n...
by manatee2005
Thu Apr 15, 2021 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10242
Views: 737046

Re: Refinance Mega Thread

I did a successful refi back in November, lowering my rate from 3.5 to 2.125%. I was sure rates had bottomed out at that time, and of course everyone was afraid of the effect the new FHFA fee would have. Today I see that from the same company, I can lower it to 2.00% with a $6100 credit to boot. To...
by manatee2005
Thu Apr 15, 2021 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 238
Views: 12033

Re: The primary factor for picking a College/University is out of pocket cost

This might be surprising to some but money isn't everything in life. Say you want to research on robotic arms through neural implants. Good luck finding those jobs outside academia. Or these kinds of cool research projects currently at schools like Carnegie Mellon: (assistive robots for blind trave...
by manatee2005
Thu Apr 15, 2021 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 238
Views: 12033

Re: The primary factor for picking a College/University is out of pocket cost

It’s kind of a shame that for most people, the primary factor isn’t the quality of the education. Costs matter, certainly. But I rarely hear anybody talk about the purpose of going to school is to get an education. For our family, we saved enough for a full 4 year education for the kid. We told her...
by manatee2005
Thu Apr 15, 2021 6:18 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19316

Re: Did you move for better weather? Did you regret it?

I've lived in climates with hot, humid summers most of my life. 90+ degrees and high humidity for 5 straight months (May through September) is too much for me. Also, there's not really any respite it in the evenings or mornings. It may drop to 70 for a few hours (though there are many nights where ...
by manatee2005
Thu Apr 15, 2021 6:15 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19316

Re: Did you move for better weather? Did you regret it?

I've lived in climates with hot, humid summers most of my life. 90+ degrees and high humidity for 5 straight months (May through September) is too much for me. Also, there's not really any respite it in the evenings or mornings. It may drop to 70 for a few hours (though there are many nights where ...
by manatee2005
Wed Apr 14, 2021 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

Some are, some aren't, just like private schools. Let me know when you put your kid from K to 12 through a public school if you still think that. Depends where you are. I have one kid and one school district and another in another school district. In the older ones district pretty much every single...
by manatee2005
Wed Apr 14, 2021 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

I assume this is sarcasm. Why? You think public schools are good? Some are, some aren't, just like private schools. Let me know when you put your kid from K to 12 through a public school if you still think that. Depends where you are. I have one kid and one school district and another in another sc...
by manatee2005
Wed Apr 14, 2021 11:09 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19316

Re: Did you move for better weather? Did you regret it?

WS1 wrote: Tue Mar 31, 2020 8:06 pm Luckily everyone here is rich enough to have multiple homes..or at least aggressively AirBnB
https://www.citylab.com/environment/20 ... ay/411406/
Or someone can live in San Diego year round and save a lot of miles :happy
by manatee2005
Wed Apr 14, 2021 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

Thanks, but spouse 2 works in Solana, so we'd like to avoid the commute up I-5 in the morning post-pandemic. That being said, we've looked at Bay Park and Point Loma, as well as parts of Pacific Beach. Point Loma would be 30-40 minute commutes for both of us, so definitely not ideal. I don't think ...
by manatee2005
Wed Apr 14, 2021 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

sailaway wrote: Wed Apr 14, 2021 10:58 pm
manatee2005 wrote: Wed Apr 14, 2021 10:49 pm

Why? You think public schools are good?
Do you think all private schools are better than all public schools?
Only Sith deal in absolutes. :happy
by manatee2005
Wed Apr 14, 2021 11:01 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19316

Re: Did you move for better weather? Did you regret it?

Moved from Texas to Southern California largely for the weather. I count it amongst the best decisions I've ever made... being super close to the beach with great weather, and also being close to mountains, snow, and desert makes up for the traffic and VHCOL for me. An afternoon or evening at the b...
by manatee2005
Wed Apr 14, 2021 10:53 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19316

Re: Did you move for better weather? Did you regret it?

I've lived in climates with hot, humid summers most of my life. 90+ degrees and high humidity for 5 straight months (May through September) is too much for me. Also, there's not really any respite it in the evenings or mornings. It may drop to 70 for a few hours (though there are many nights where ...
by manatee2005
Wed Apr 14, 2021 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by manatee2005
Wed Apr 14, 2021 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

Given what you just wrote, I would put off buying for now. If the job works out and you get to do what you want to do, great, start the home search then. If it doesn’t, at some point you’re probably going to do another nationwide job search, and then the house will be an albatross. My suggestion wo...
by manatee2005
Wed Apr 14, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 124
Views: 9497

Re: Buying a Home in SoCal

Zillow says my 2000+ square foot 3 bedroom 2 1/2 bath home west of the 5 about 1/2 mile from the beach in Carlsbad is worth $1.2 million (I’m not interested in selling). I don’t know where you get $1.7 million as the minimum home you’re willing to look at. Carlsbad is not San Diego. Prices are much...
by manatee2005
Wed Apr 14, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 186
Views: 11893

Re: First child entering college in the fall... need some advice

So, just got some great news, our oldest child has been accepted into two top US universities and will be choosing between them for her undergraduate education. (These are both private universities; we did explore our state university and we determined that for her field of study, the private schoo...
by manatee2005
Wed Apr 14, 2021 9:29 pm
Forum: Personal Investments
Topic: Son (20) opening a Roth—investment options?
Replies: 21
Views: 1219

Re: Son (20) opening a Roth—investment options?

cdc wrote: Wed Apr 14, 2021 9:26 pm My son opened a Roth IRA tonight at Vanguard with $1,000 he earned over the winter. I’m thinking ETFs are the way to go. 80% total stock and 20% international stock. Is this reasonable for a 20 year old?
For a 20 year old, I'd buy GBTC.
by manatee2005
Fri Apr 02, 2021 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for more Merit aid? College decision day 5/1
Replies: 39
Views: 2373

Re: Asking for more Merit aid? College decision day 5/1

You can ask if you want to make the admission officers laugh.

If you say no to the school because they are too expensive, they will just get someone off the waitlist who will pay what they ask. Simple demand and supply.
by manatee2005
Fri Apr 02, 2021 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Why do I owe so much in Taxes?
Replies: 55
Views: 6761

Re: Why do I owe so much in Taxes?

JS-Elcano, Thank you. I will review in greater detail the forms in TT but basically immediately after I enter my W2 I am told I owe 20k+. After going through all the sections, deductions, the number doesn't change much. Taxes are being withheld from the monthly bonus. Can you tell us what's your W2...
by manatee2005
Thu Apr 01, 2021 9:28 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12948

Re: Shopping for college

Interesting conclusion (highlighted) that I don't entirely agree with based on our experience. I do think some get more merit vs others based on something other than GPA/SAT/ACT/niche talent, but not a vast majority. Many get little to no merit b/c the school's admissions office can't justify givin...
by manatee2005
Thu Apr 01, 2021 9:24 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12948

Re: Shopping for college

What we'll do is we'll make our son get the 5k loan the first year and we'll pay the rest from savings since our EFC was pretty high. It's a tough pill to swallow to basically pay the cost of a tesla every year to a college for 4 years, but we can afford it and hopefully after he is done he can get...
by manatee2005
Thu Apr 01, 2021 9:22 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12948

Re: Shopping for college

Good news! College applications and future enrollment are down for the 2021-2022 school year. Competition should be less fierce. Yeah, I think we are seeing that in the college application process too. Several of the mid-tier schools to which my daughter applied have moved up admissions notificatio...
by manatee2005
Thu Apr 01, 2021 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12364

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I love how these college threads inflame everyone’s passions and opinions. We’re all shaped and biased by our own set of experiences and our kids. If we went elite, you’ll believe in elite. If you went less well known, you’ll believe the name doesn’t matter and it’s more the individual. Here’s my 2...
by manatee2005
Sun Mar 28, 2021 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12364

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I love how these college threads inflame everyone’s passions and opinions. We’re all shaped and biased by our own set of experiences and our kids. If we went elite, you’ll believe in elite. If you went less well known, you’ll believe the name doesn’t matter and it’s more the individual. Here’s my 2...
by manatee2005
Sun Mar 28, 2021 3:11 am
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8252

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

1) With very few exceptions, it makes very little sense to go to any U of California campuses if you are a CA non-resident. You get little for the non-resident tuition you pay. Very large classes, difficult to sign up for classes, getting a slot even at TA hours very hard etc. 2) As many have menti...
by manatee2005
Sat Mar 27, 2021 2:36 am
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8252

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

1) With very few exceptions, it makes very little sense to go to any U of California campuses if you are a CA non-resident. You get little for the non-resident tuition you pay. Very large classes, difficult to sign up for classes, getting a slot even at TA hours very hard etc. 2) As many have menti...
by manatee2005
Fri Mar 26, 2021 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 449
Views: 57042

Re: Tales from this insane real estate market

Things are completely different now. People buying are people who have money and can afford it. I don't think you read my argument clearly. Yes, in 2008 you had McDonalds workers lying on their application, that drove up the prices to insane levels. Today the prices are even higher than those insan...
by manatee2005
Fri Mar 26, 2021 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 449
Views: 57042

Re: Tales from this insane real estate market

You have to wonder where all the money is coming from. After all, no matter how you slice it, buying a $1+MM home ain't cheap. You still have to make the monthly payments. It would seem that all that media and political coverage about folks being out of work and struggling is a bit hard to fathom g...
by manatee2005
Fri Mar 26, 2021 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 449
Views: 57042

Re: Tales from this insane real estate market

Actually I don't know if I agree. In the 2008 bubble I was listening to a lot of AM radio. Well, we all admit that 2008 was a crazy insane mania, yet prices today are actually higher than the peak of that mania so how does it make logical sense? Interest rates can only explain so much. Incomes have...
by manatee2005
Thu Mar 25, 2021 4:14 pm
Forum: Personal Consumer Issues
Topic: Shopping for college
Replies: 164
Views: 12948

Re: Shopping for college

I started this thread on August 30, 2020 and it's March 26, 2021 and boy did I learn a lot through the process. I wanted to summarize my thoughts and post what I've learned so it can help others. 1. A lot of schools like University of Arizona and University of Alabama will give automatic scholarship...
by manatee2005
Thu Mar 25, 2021 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12364

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

The hard thing for kids is to try and weigh up the relevance of cost, reputation, location, school size, class size, flexibility, college experience, future network, school pride etc The big college experience is not the primary goal for my kid, just one of the factors. I think the primary goal for...