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Talking stocks, trading, and investing in general

patrickBOOTH

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Maybe I should refinance to a 15 though. I am 10 years into my current 30 year mortgage.
 

Omega Male

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"Before I came to the White House I spent the better part of 20 years forecasting the business cycle and stock market trends, and what I can tell you with certainty is that we're going to have a strong economy through 2020 and beyond with a bull market." -- Peter Navarro, 08/19/2019. (Emphasis mine. Let's see how this ages.)
 

AJL

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"Before I came to the White House I spent the better part of 20 years forecasting the business cycle and stock market trends, and what I can tell you with certainty is that we're going to have a strong economy through 2020 and beyond with a bull market." -- Peter Navarro, 08/19/2019. (Emphasis mine. Let's see how this ages.)
Kudlow said something similar today, and I agree, let's see how it ages.

Within the limitations of his 300 word vocabulary Trump has also been offering similar guarantees, and what I can tell you with certainty is that he won't be held accountable for those words.
 

Piobaire

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If payments didn't change that means there was a huge interest rate delta. Also, if you're ten years into a 30, then re-fi into 15, you only knock five years off...
 

Texasmade

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If payments didn't change that means there was a huge interest rate delta. Also, if you're ten years into a 30, then re-fi into 15, you only knock five years off...
It knock off more than 5 years since your principle amortization changes. Every month, a larger portion of your payment is going towards principle instead of interest.
 

Piobaire

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It knock off more than 5 years since your principle amortization changes. Every month, a larger portion of your payment is going towards principle instead of interest.
Then whomever didn't get a 15 year mortgage.

Start with 30 year mortgage.

Pay it for 10 years, leaving 20.

Refi into 15 year mortgage.

Net of five less years.

Booth said the above, then simul said "he did the same thing" but it saved him 10 years. I'm guessing he didn't do the same thing as doing the same thing would have involved getting a 15 year mortgage.
 

patrickBOOTH

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He could have paid for a lot of points upfront. That's the only way I can see that making sense unless he paid more than the principle each month for the remainder of the mortgage.
 

jbarwick

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Anyone have thoughts on choosing between equal Mutual Fund vs. ETF?

The mutual fund is like 1bps more expense ratio vs the ETF. Mutual Fund allows partial share purchase vs ETF. I am not worried too much about midday buying in ETF vs. MF and these are currently in tax sheltered so that doesn't matter currently.

Am I missing something? Thought about transitioning to ETF but my big hangup is partial shares. I end up putting in $1K per month and depending on the ETF, it can be a hassle.
 

patrickBOOTH

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Wasn't it you that pointed out how mutual funds can trigger capital gains taxes before selling vs. ETFs or something to that effect?
 

jbarwick

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Wasn't it you that pointed out how mutual funds can trigger capital gains taxes before selling vs. ETFs or something to that effect?
That was me but since these are tax sheltered, I don't care at the moment. I will likely do ETF in my taxable though.
 

otc

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Partial shares win in your situation
 

jbarwick

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If y'all are into podcasts, the recent The Meb Faber Show had an episode with a guy named Raoul Ray is worth a listen. Said most of the world is in a recession and that the US could not hold out forever. Then went into how bonds are approaching negative so an allocation there is somewhat worthless. Then hit the eyeroll topic of gold and bitcoin.

I honestly don't know what to think in this situation. I wasn't an investor in 08 so it has only been rosy for me. At what point does the feeling of, this will be a quick drop vs. a long drawn out process go away? I mean you had those periods in the 60s-70s where the market was flat. What the hell do you do for 10 years?
 

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