Search found 3987 matches

by simplesimon
Fri Apr 09, 2021 8:50 am
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7099

Re: How to lose the desire of outperforming the market?

I think most people are bad at assessing risk. Agreed. It's one thing to see your stocks fall by 50%. It's another thing entirely to see your stocks fall 50% when your friends are losing their jobs, and/or you lose your job, the news is all about how Great Depression Part 2 is around the corner, et...
by simplesimon
Thu Apr 08, 2021 5:10 am
Forum: Personal Investments
Topic: Mutual Bank Conversion IPO
Replies: 46
Views: 3476

Re: Mutual Bank Conversion IPO

https://www.businesswire.com/news/home/ ... t-To-Merge

It will be interesting to see where the bank goes from here.
by simplesimon
Mon Mar 29, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25151

Re: High spenders what do you spend on?

Recently we have seen some posts of folks spending $150-$200k/yr, excluding housing, college tuition and daycare . If you fit this description, I’m genuinely curious, what are you actually spending your money on? For reference my HHI is $700-800k, excluding housing and daycare and charity, my spend...
by simplesimon
Tue Mar 16, 2021 8:28 am
Forum: Personal Investments
Topic: Approaching Income Limit for Roth IRA Contributions - What are my options?
Replies: 7
Views: 595

Re: Approaching Income Limit for Roth IRA Contributions - What are my options?

If you have the money to do so, max the 401K to get back under the limit and then max the Roth. If you think salary increases or bonuses may still put you over, just hold off on contributing to the Roth until next year...waiting one year to contribute $6k is not a big deal.
by simplesimon
Fri Mar 12, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is my mortgage lender jerking me around?
Replies: 13
Views: 1283

Re: Is my mortgage lender jerking me around?

Needed a lock on day one.
by simplesimon
Fri Mar 12, 2021 3:29 pm
Forum: Investing - Theory, News & General
Topic: Bonds in free fall
Replies: 657
Views: 54369

Re: Bonds in free fall

I've been in ~25% TBM this whole time. I didn't read all the posts - are people changing their bond holdings or allocations?
by simplesimon
Thu Jan 21, 2021 10:37 am
Forum: Personal Finance (Not Investing)
Topic: PPP 2 (and 1) applications open at Chase
Replies: 7
Views: 631

Re: PPP 2 (and 1) applications open at Chase

Can people share when they submitted an application, to which lender (PayPal, Chase, community/regional bank, etc), and how long it took to get it approved and funded? I'm thinking along similar lines as the Refinance Mega Thread. A relative has a sole prop and submitted an application on 1/17 to a ...
by simplesimon
Mon Jan 18, 2021 3:34 pm
Forum: Personal Consumer Issues
Topic: Let's play chess
Replies: 151
Views: 11997

Re: Let's play chess

theDON2050 wrote: Mon Jan 18, 2021 11:36 am I'm actually in the market to buy a chess board. Sort of like the idea of being able to fold it up to carry it to a friend's house. Any recommendations?

I think if I keep it under $60 I would keep the wife happy...
Look up Wholesale Chess. I just ordered a set from there.
by simplesimon
Sat Jan 16, 2021 9:11 pm
Forum: Personal Consumer Issues
Topic: Let's play chess
Replies: 151
Views: 11997

Re: Let's play chess

This thread finally got me to watch the first episode on Netflix as well as order a set from Wholesale Chess.
by simplesimon
Sat Jan 16, 2021 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance
Replies: 6
Views: 743

Re: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance

Just follow your banker’s directions and answer honestly and you’ll be fine. Loan and forgiveness are almost automatic assuming there’s sufficient funding from the government.
by simplesimon
Fri Jan 15, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Property taxes - Did I cause more harm than good?
Replies: 18
Views: 1692

Re: Property taxes - Did I cause more harm than good?

Is the tax assessor's value higher than $880k? If not, then you won't have much of an argument.
by simplesimon
Fri Jan 15, 2021 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6591

Re: Should I walk away from nice pension? Is it worth it?

It may help to provide more numbers to better quantify the trade-off. I went to immediateannuities.com to price a SPIA for a 52-year old that pays $4,700/month (assuming you make $75k/year when you retire x 75%). It would cost $1.3 million. Throw that figure into a financial calculator with an assum...
by simplesimon
Fri Jan 15, 2021 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9696

Re: YOLO vs BH

I feel similarly and find the behavioral economics fascinating. These kinds of threads never appear when the stock market is tanking.
by simplesimon
Fri Jan 15, 2021 2:06 pm
Forum: Personal Investments
Topic: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?
Replies: 85
Views: 9103

Re: Retiring early from windfall, mid 30s, what is the correct asset allocation to use?

No one can tell you what the "correct" allocation is, but yours doesn't look unreasonable. I prefer the simplicity of a 3-4 fund portfolio.

Since you have multiple budgets and seem like a planner, I'm sure you'll be fine. Good luck with everything.
by simplesimon
Fri Jan 15, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance
Replies: 6
Views: 743

Re: PPP Loan Round 2 (Jan 19, 2020), Sole Proprietor in HealthCare. Seeking guidance

With net profit of ~$50k on Schedule C, you can expect the loan amount to be ~$10k. Sounds like you didn't get a PPP loan in 2020 so you can apply for First Draw (~$10k). Then if you can provide evidence of quarter-over-quarter decline in revenue of 25%, then you will may be eligible for Second Draw...
by simplesimon
Thu Jan 14, 2021 8:15 pm
Forum: Personal Consumer Issues
Topic: Non-Poaching agreements, do you block former co-workers on Linkedin?
Replies: 19
Views: 2411

Re: Non-Poaching agreements, do you block former co-workers on Linkedin?

Is this legal? Is it enforceable? It's legal but difficult to prove and enforce. I worked for a new president that joined my company from a competitor and within the first six months he brought over at least three or four executives from the competitor. Rumor was that the competitor threatened lega...
by simplesimon
Thu Jan 14, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Fitness Rowers: Hydrow vs Concept 2
Replies: 34
Views: 2432

Re: Fitness Rowers: Hydrow vs Concept 2

What I like about Concept2 the most is that it's very established, the products have proven longevity, and when one does need support in fixing or maintaining their rower, the company has an excellent track record at doing so for a very low cost.
by simplesimon
Thu Jan 14, 2021 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone find 100% remote job based in HCOL area? How was the salary?
Replies: 13
Views: 2589

Re: Anyone find 100% remote job based in HCOL area? How was the salary?

phxjcc wrote: Thu Jan 14, 2021 3:40 amI would advise young Professionals to consider LAX/SFO/NYC to build up the total comp history on their C.V.
One doesn't necessarily need comp history...just know what the market value is.
by simplesimon
Tue Jan 12, 2021 8:31 am
Forum: Investing - Theory, News & General
Topic: 2020 was a great year for individual stock pickers
Replies: 63
Views: 4879

Re: 2020 was a great year for individual stock pickers

two sides of every trade. for every winner, there has to be a loser. zero sum game. Not so. If I sell X stock at a profit, why would the buyer be a loser? Perhaps it went up after the buy and they then sold it. And so on. If you buy are you on the losing side? If you sell are you on the losing side...
by simplesimon
Mon Jan 11, 2021 11:25 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 192
Views: 22571

Re: just a general comment about "too conservative" investors here

Maybe I just lack the courage to do what it takes to make real money. https://i.imgur.com/OVPZAGw.png Same... I saw that earlier today, and I was like "Well done". I think this is fake because 1) who has the discipline to hold for that long unless that dollar amount is meaningless and 2) ...
by simplesimon
Sat Jan 09, 2021 9:25 am
Forum: Personal Consumer Issues
Topic: Is working overrated?
Replies: 31
Views: 1946

Re: Is working overrated?

I would prefer less people feel this way so that my portfolio can keep growing.
by simplesimon
Thu Jan 07, 2021 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does a side home rental count for PPP2?
Replies: 9
Views: 696

Re: Does a side home rental count for PPP2?

Sorry to hear about your situation. I don't believe landlords were eligible for PPP1 and that criteria hasn't changed for PPP2.

Is your physician income W-2 or something else? May qualify for PUA or PPP if not W-2.
by simplesimon
Thu Jan 07, 2021 1:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

Wouldnt want to be the guy sitting on cash right now No kidding. Hard to imagine being someone who got out in March or April fearing a double dip. Value, momentum and international up 50-80% since then :moneybag I have a friend that did exactly this in May...called it a "bull trap" or som...
by simplesimon
Thu Jan 07, 2021 9:23 am
Forum: Investing - Theory, News & General
Topic: International stocks will outperform US stocks in 2021
Replies: 68
Views: 6656

Re: International stocks will outperform US stocks in 2021

I gotta say, I am tempted to bump my ex-U.S. allocation from 30% to 35-40% of equities. I've held 30% as long as I've been investing. I chose 30% because that is what many Bogleheads recommended at the time. At that time, Vanguard and others were all around 20%, if I recall. Now they're all 35-40%....
by simplesimon
Thu Jan 07, 2021 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10213
Views: 733710

Re: Refinance Mega Thread

Hey all. Grateful for the advice and knowledge I got on this forum. Definitely helped me find a deal I’m happy with. I’m locked in and going to move forward with LF. Happy with them so far. Loan stats: 2.625%, 30 yr FRM, closing costs 275, no escrow, appraisal waived Amount: 270,000 LTV: 72% Locati...
by simplesimon
Wed Jan 06, 2021 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

At around this time last year I felt like paying a little bit more towards my mortgage with new money. Starting to feel that again. You and me both. And yes, right around this time last year for me too. I ultimately ended up sticking with my 80/20 AA and will do the same again. You know, the warm a...
by simplesimon
Wed Jan 06, 2021 1:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

At around this time last year I felt like paying a little bit more towards my mortgage with new money.

Starting to feel that again.
by simplesimon
Tue Jan 05, 2021 8:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

30 year fixed at 2.99%. I value liquidity. I get the warm and fuzzies with a large taxable account. Warm and fuzzy and grit your teeth? :D Yes! I-bonds or EE bonds or both? I'm in a similar situation. I've thought about it. EE bonds are nice because I know I'm getting 3.5% over 20 years. Certainly ...
by simplesimon
Tue Jan 05, 2021 8:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

Seems everything I buy these days I'm gritting my teeth. U.S. stocks seem overvalued. International seems like a black hole. Bonds have negative real yields. Yet, if I sit on cash, I also grit my teeth. Cash has almost a guaranteed negative real return. No mortgage? 30 year fixed at 2.99%. I value ...
by simplesimon
Mon Jan 04, 2021 10:01 pm
Forum: Personal Investments
Topic: Can I create generational wealth?
Replies: 193
Views: 19398

Re: Can I create generational wealth?

Are you your great-grandfather's only great-grandchild?
by simplesimon
Mon Jan 04, 2021 7:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

Seems everything I buy these days I'm gritting my teeth. U.S. stocks seem overvalued. International seems like a black hole. Bonds have negative real yields. Yet, if I sit on cash, I also grit my teeth. Cash has almost a guaranteed negative real return. No mortgage? 30 year fixed at 2.99%. I value ...
by simplesimon
Mon Jan 04, 2021 4:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14583
Views: 1118921

Re: U.S. stocks continue to soar!

Triple digit golfer wrote: Mon Jan 04, 2021 2:45 pm Seems everything I buy these days I'm gritting my teeth.
U.S. stocks seem overvalued.
International seems like a black hole.
Bonds have negative real yields.

Yet, if I sit on cash, I also grit my teeth. Cash has almost a guaranteed negative real return.
No mortgage?
by simplesimon
Fri Jan 01, 2021 6:44 am
Forum: Personal Investments
Topic: E*Trade solo 401k - contribution limits
Replies: 2
Views: 208

Re: E*Trade solo 401k - contribution limits

Did you call the retirement help line? They are extremely knowledgeable. It's a different set of customer service reps for their retirement 401k accounts. Also yes, since 3 months ago you can just easily make employer and employee contributions up to the max of 57k directly online. Last year you ha...
by simplesimon
Fri Jan 01, 2021 5:36 am
Forum: Personal Investments
Topic: E*Trade solo 401k - contribution limits
Replies: 2
Views: 208

E*Trade solo 401k - contribution limits

For those with an E*Trade solo 401k, were you able to contribute more than the $19,500 employee limit and made employer contributions online? If so, how? If not and you want to, what do you plan to do? The E*Trade help line has been unhelpful.
by simplesimon
Thu Dec 31, 2020 7:57 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1760
Views: 164881

Re: My LenderFi refinance is going well

2.50% no-cost seems to be the going rate these days.

My real estate agent friend said a client of his just got a 2.125% 30-year fixed (no points) on a purchase loan from Leader Bank (not doing refinances at the moment) and it is rumored that rates will crash next month. Fingers crossed!
by simplesimon
Wed Dec 30, 2020 4:59 pm
Forum: Investing - Theory, News & General
Topic: TLH Opportunity Lost?
Replies: 3
Views: 315

Re: TLH Opportunity Lost?

Depends on what tax bracket you’re in when you claim the losses, when you claim the gains, and the holding period.
by simplesimon
Wed Dec 30, 2020 1:13 pm
Forum: Personal Investments
Topic: How to get higher returns with secured loans
Replies: 52
Views: 2673

Re: How to get higher returns with secured loans

Appreciate your time explaining all this Abe. I had the same thought about preferring to be a financier than a landlord. I’m not sure the same opportunities exist for that little amount of capital where I live. Do you do work out of state? Is everything within driving distance for you? How often hav...
by simplesimon
Wed Dec 30, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12862

Re: What did you spend in 2020?

Spent about $120k...at least 1/3 of it was for housing, maintenance, furniture etc as we became first time homeowners in the middle of 2019. Other than groceries and takeout food the most costly items were childcare and various insurance. Ah, a good comparator. 30s. DIDKs. VHCOL. Spent - $170k Taxed...
by simplesimon
Wed Dec 30, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Too much in house and retirement. Worried about skew
Replies: 90
Views: 7466

Re: Too much in house and retirement. Worried about skew

How does someone get 500k in a roth ira by 30??? Great point. I'd be interested in learning how even a couple could get close to that amount by early 30s. 30k a year for 5 years could go to 500k. assuming it compounds at 43%. maybe op and his wife put 30k a year in the roth and it went into some su...
by simplesimon
Wed Dec 30, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Too much in house and retirement. Worried about skew
Replies: 90
Views: 7466

Re: Too much in house and retirement. Worried about skew

How does someone get 500k in a roth ira by 30??? Great point. I'd be interested in learning how even a couple could get close to that amount by early 30s. 30k a year for 5 years could go to 500k. assuming it compounds at 43%. maybe op and his wife put 30k a year in the roth and it went into some su...
by simplesimon
Tue Dec 29, 2020 7:05 pm
Forum: Personal Investments
Topic: How to get higher returns with secured loans
Replies: 52
Views: 2673

Re: How to get higher returns with secured loans

Nice, I had read something similar to this in the WSJ taken to an institutional level (buying defaulted mortgages from banks).

How many of these do you have at any given time? What’s your average note amount? Is this a full time job for you?
by simplesimon
Mon Dec 28, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10213
Views: 733710

Re: Refinance Mega Thread

I just got an LE from LenderFi, great rates. Are they legit? Anyone have any concerns about using them? What are the risks of refinancing with an online direct lender like them? Would be grateful to hear people's thoughts on this. There is an entire thread dedicated to LenderFi refinances and almos...
by simplesimon
Mon Dec 28, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I terminate this trust?
Replies: 30
Views: 1779

Re: Should I terminate this trust?

Since the trust account is now at Vanguard... OP, how has Vanguard been in administering the trust? There have been many posts on this forum about setting up Vanguard as successor trustee in estate plans due to lower costs compared to other trust companies but no experiences with Vanguard actually ...
by simplesimon
Mon Dec 28, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: 2020: Lessons learned
Replies: 237
Views: 16173

Re: 2020: Lessons learned

I learned what I had previously learned over the last couple of decades was still true. In other words, I didn't learn anything new - that's a good thing in this case. :D Me too. Although, I did learn that a lot of people learned quite a bit this year which is a bit worrying as 2020 was more of a f...
by simplesimon
Mon Dec 28, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Second Draw
Replies: 9
Views: 988

Re: PPP Second Draw

Any guesses as to how long before funding runs out?
by simplesimon
Mon Dec 28, 2020 10:24 am
Forum: Personal Investments
Topic: Refinance - Is the 0.5% Adverse Market Refinance Fee now in existence?
Replies: 4
Views: 360

Re: Refinance - Is the 0.5% Adverse Market Refinance Fee now in existence?

I started a refi this month. I was told the fee is in effect. My last refi was a 30-year loan 6 months ago at 2.875 (no cash out, no escrow account, and at no cost with LTV at 40% and good credit score in California). The same terms this month was available at 2.25%. I decided instead to take cash ...
by simplesimon
Sun Dec 27, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Second Draw
Replies: 9
Views: 988

Re: PPP Second Draw

Almost 100% certain the SBA will issue additional guidance. Keep in touch with your lender.
by simplesimon
Sun Dec 27, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2020: Lessons learned
Replies: 237
Views: 16173

Re: 2020: Lessons learned

Similar to AA, choose an e-fund amount that is appropriate (maybe it's $0 or maybe it's a six-figure amount) and stick with it. During times of despair like late March, the e-fund will feel too small and one will stop investing and start to hoard cash. During times of euphoria, the e-fund will feel ...
by simplesimon
Sun Dec 27, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Get your kids to pay for your cell phone and your plan
Replies: 12
Views: 1976

Re: Get your kids to pay for your cell phone and your plan

My parents joined my phone plan over five years ago. They do pay me for their portion but they enjoy not having to deal with the administration. One time there were some overage charges due to roaming internationally, but I ate the cost and know for next time.
by simplesimon
Thu Dec 24, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11488

Re: Running out of cash

This is essentially consumption smoothing move in the lifecycle model of savings, right?

I’ve been contemplating this a little bit for myself but don’t have any cheap debt to tap (LTV on house is over 75%).