Talking stocks, trading, and investing in general

[patrickBOOTH]

That's ridiculous.

 

[brokencycle]

I have 4.375% now. Maybe I should refinance.

No. Keep your current rate. You don't need to save interest. Plus if you refinance, your tax deduction will decrease.

 

[patrickBOOTH]

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

 

[Omega Male]

"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]

"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.

 

[stimulacra]

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

I've done that in the past. Payments didn't change and I lopped off 10 years off my mortgage at the time.

 

[patrickBOOTH]

Might be worth looking in to.

 

[Piobaire]

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]

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]

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]

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]

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]

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]

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.

 

[patrickBOOTH]

Got you.