bronkonagurski Posted January 11 Report Share Posted January 11 2 hours ago, HoosierFaithful said: It’s all good in the end. My actual mortgage is around 4. Still peeved I could have gotten lowerm I bought a house in 2020 and got 2.875%. 😎 1 Quote Link to comment Share on other sites More sharing options...
Naturalhoosier Posted January 11 Report Share Posted January 11 3 hours ago, bronkonagurski said: I bought a house in 2020 and got 2.875%. 😎 Refied during Covid and received just a touch under that. Knocked 9 yrs off the life of my loan and kept my monthly payments the same. Such a great deal. 2 Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 During my sabbatical, one thing I did start researching/trading is market volatility/volatility futures. Topic is open for anyone that's familiar. Quote Link to comment Share on other sites More sharing options...
Drroogh Posted February 23 Report Share Posted February 23 50 minutes ago, Zlinedavid said: During my sabbatical, one thing I did start researching/trading is market volatility/volatility futures. Topic is open for anyone that's familiar. Welcome back! Seems like with the current state of IU basketball you picked a bad time though? 1 Quote Link to comment Share on other sites More sharing options...
NotIThatLives Posted February 23 Author Report Share Posted February 23 2 hours ago, Zlinedavid said: During my sabbatical, one thing I did start researching/trading is market volatility/volatility futures. Topic is open for anyone that's familiar. I'm ears. Where do I learn? Volatility sounds just like it sounds. Is there a way to make some money? Show me the way. Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 12 hours ago, Drroogh said: Welcome back! Seems like with the current state of IU basketball you picked a bad time though? Is what it is man. My two years in BTown were the two years Davis missed the tournament. I lived through the Sampson debacle, the first few years of Crean, the last few years of Crean and all of Archie. This too shall pass. 2 Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 10 hours ago, NotIThatLives said: I'm ears. Where do I learn? Volatility sounds just like it sounds. Is there a way to make some money? Show me the way. In the market sense, volatility is defined as changes in out-of-the-money SPX options. There is even an index that tracks it: VIX. This article goes into a little bit more detail, but basically, if the weighted average price for puts goes up while the weighted average price for calls goes down, there are more hedges being created indicating a potential move down. The opposite is also true. Clear as water, clear as mud or somewhere inbetween? Quote Link to comment Share on other sites More sharing options...
NotIThatLives Posted February 23 Author Report Share Posted February 23 22 minutes ago, Zlinedavid said: In the market sense, volatility is defined as changes in out-of-the-money SPX options. There is even an index that tracks it: VIX. This article goes into a little bit more detail, but basically, if the weighted average price for puts goes up while the weighted average price for calls goes down, there are more hedges being created indicating a potential move down. The opposite is also true. Clear as water, clear as mud or somewhere inbetween? My next day at the firehouse, I shall devote some time to YouTube and reading about this. I was really trying to figure out how to drop some mo ey into the ai machine that bezos dropped like 50 million in. I think the growth potential is crypto like. But it's not public yet. Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 8 minutes ago, NotIThatLives said: My next day at the firehouse, I shall devote some time to YouTube and reading about this. I was really trying to figure out how to drop some mo ey into the ai machine that bezos dropped like 50 million in. I think the growth potential is crypto like. But it's not public yet. AI is what's driving a lot of the chip manufacturers...NVDA in particular. What I like about the short volatility futures is, it's not industry/sector specific. May not have astronomic returns, but it's the most predictable, reliable little niche in the market I've ever found. 2 Quote Link to comment Share on other sites More sharing options...
5fouls Posted February 23 Report Share Posted February 23 9 minutes ago, Zlinedavid said: AI is what's driving a lot of the chip manufacturers...NVDA in particular. What I like about the short volatility futures is, it's not industry/sector specific. May not have astronomic returns, but it's the most predictable, reliable little niche in the market I've ever found. Holy mother of all things lost, we have a @Zlinedavid sighting. 1 Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 1 minute ago, 5fouls said: Holy mother of all things lost, we have a @Zlinedavid sighting. I'm like Halley's Comet....I'll cycle back through eventually. 🍻 1 Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted February 23 Report Share Posted February 23 1 hour ago, Zlinedavid said: AI is what's driving a lot of the chip manufacturers...NVDA in particular. What I like about the short volatility futures is, it's not industry/sector specific. May not have astronomic returns, but it's the most predictable, reliable little niche in the market I've ever found. Nvidia has vaulted itself to my #2 favorite stock of all time besides Apple. We bought in July of 2022. Unreal run. Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 23 Report Share Posted February 23 53 minutes ago, Seeking6 said: Nvidia has vaulted itself to my #2 favorite stock of all time besides Apple. We bought in July of 2022. Unreal run. Not sure if it'll have the staying power of AAPL, but it looks like it's heading that way. 1 Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted February 23 Report Share Posted February 23 1 hour ago, Zlinedavid said: Not sure if it'll have the staying power of AAPL, but it looks like it's heading that way. I was wrong on Apple....in terms of how big they could get...and I'm sure I'll be wrong on Nvidia at some point but anyone who has spent some time in markets knows this stuff just doesn't happen. Up 335% in 19 months is plain dumb. Quote Link to comment Share on other sites More sharing options...
IUFLA Posted February 23 Report Share Posted February 23 I'm just wondering which of y'all is Paul Pelosi? 2 Quote Link to comment Share on other sites More sharing options...
Zlinedavid Posted February 24 Report Share Posted February 24 5 hours ago, IUFLA said: I'm just wondering which of y'all is Paul Pelosi? I’d take his bank account. Just not his age or significant other. 3 Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted March 26 Report Share Posted March 26 Any bankers or mortgage people on here? Wife has a client, home is largest asset...getting divorced but the only way to divide assets is either sell home (they don't want to do that) or do the cash out refinance...but does that mean the one staying in the home would have to refinance at current rates? Quote Link to comment Share on other sites More sharing options...
DWB Posted March 26 Report Share Posted March 26 1 hour ago, Seeking6 said: Any bankers or mortgage people on here? Wife has a client, home is largest asset...getting divorced but the only way to divide assets is either sell home (they don't want to do that) or do the cash out refinance...but does that mean the one staying in the home would have to refinance at current rates? How much actual equity is in the house? If the house is $500k, but there's a $400k mortgage on it, that's not a very big hurdle. "Non-resident" (soon to be) ex-spouse could be the new 2nd mortgage holder and take payments over a period of time at "X%" rate that "could be" lower than a mortgage banker. And would create an income stream for the ex-spouse. And the house would be collateral for the payout over specified time. But if they insist on cash out refinancing, it's unlikely you'll find anything lower than current market rates. Even private mortgage lenders (I used to be one) charge a premium over mortgage companies and banks. 1 Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted March 26 Report Share Posted March 26 1 hour ago, DWB said: How much actual equity is in the house? If the house is $500k, but there's a $400k mortgage on it, that's not a very big hurdle. "Non-resident" (soon to be) ex-spouse could be the new 2nd mortgage holder and take payments over a period of time at "X%" rate that "could be" lower than a mortgage banker. And would create an income stream for the ex-spouse. And the house would be collateral for the payout over specified time. But if they insist on cash out refinancing, it's unlikely you'll find anything lower than current market rates. Even private mortgage lenders (I used to be one) charge a premium over mortgage companies and banks. Ballpark value is $350k and no mortgage. It's their biggest asset with minimum savings...and only Social Security so trying to get $ out of the home to get it close to 50/50 division is the goal. Quote Link to comment Share on other sites More sharing options...
DWB Posted March 26 Report Share Posted March 26 If they're on SS and no other income, or savings (shame on them) they'll never qualify for a mortgage anyway, especially if they split up. (Not enough income) On the surface it looks like either sell it, or spouse that leaves becomes 2nd mortgage holder and takes "payments" from resident spouse. Quote Link to comment Share on other sites More sharing options...
Joe_Hoopsier Posted March 27 Report Share Posted March 27 3 hours ago, Seeking6 said: Ballpark value is $350k and no mortgage. It's their biggest asset with minimum savings...and only Social Security so trying to get $ out of the home to get it close to 50/50 division is the goal. my $.02 and NOT a banker. Dump the house, down size, use the cash to support each in retirement. and never ever ever get emotionally tied to a house ever again. Or wife as far as that goes, but that's a different discussion all together.. LOL 1 Quote Link to comment Share on other sites More sharing options...
Seeking6 Posted March 27 Report Share Posted March 27 1 hour ago, Joe_Hoopsier said: my $.02 and NOT a banker. Dump the house, down size, use the cash to support each in retirement. and never ever ever get emotionally tied to a house ever again. Or wife as far as that goes, but that's a different discussion all together.. LOL I wish....family has owned the land for 3 generations. Emotional and that land are two different silos. Haha. 1 Quote Link to comment Share on other sites More sharing options...
dgambill Posted March 27 Report Share Posted March 27 12 hours ago, Seeking6 said: I wish....family has owned the land for 3 generations. Emotional and that land are two different silos. Haha. Sell it to a family member. If none want to buy it then it won’t matter…won’t stay in the family after they die anyways. Otherwise sell and downsize…although best solution is to not divorce. If you are of retirement age and wanting a divorce…something tells me it should be given every attempt to be worked out. A whole life invested with someone would be an awful thing to throw away if there isn’t something very seriously wrong. I’d hope people at that age are mature enough to learn how to work through their issues and extend some grace to one another…but I know times are changing. 2 Quote Link to comment Share on other sites More sharing options...
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