Search found 108 matches

by Dumbo
Fri Jun 19, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 794

Re: Help with filing form 83(b)

This is lifted from my offer directly: Stock Options (Profit Interest Plan). The Company will recommend to its Board of Directors (the “Board”) that you be granted 20,000 (twenty thousand) Series B Units (the “Grant Units”) effective on the Date of Grant (as defined in the 2014 Profits Interests Pla...
by Dumbo
Fri Jun 19, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 794

Re: Help with filing form 83(b)

I'm doing more research on this and though normally I feel confident about these things, the consequences of 83B seem a bit too complicated for me to leave to chance so I may just hire an accountant to help make a recommendation on what to do with my grant. @MrBachelor, are you saying then that I'd ...
by Dumbo
Fri Jun 19, 2015 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 794

Help with filing form 83(b) [Restricted stock transfer]

I started a job two weeks ago at a startup where I was granted 20,000 shares. They're on a 4 year vesting schedule with 1 year cliff where I'll get 25% (5000) shares at 1 year mark. My offer letter doesn't spell out what the shares are worth but people at work are saying they are priced about $1.80 ...
by Dumbo
Fri Jun 12, 2015 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

I've heard about investors rolling property purchases for tax reasons. I googled and found this: "If you own an investment property, you can sell your property at a profit and roll your money over into another property within 60 days without having to pay capital gains taxes at all – a transac...
by Dumbo
Fri Jun 12, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

Not to be anecdotal, but on the peninsula I passed on a townhome in November which sold for 850 all cash. It just went back on the market, no new renovations because it was perfectly remodeled, and sold for 1.02 million. Another townhome complex I was tracking kept having units sell for 30k more th...
by Dumbo
Fri Jun 12, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

So I'm finding out more details about this property my buddy bought in that original post. It was purchased in March 30th for 380k and the "investor" is selling it now in June for 550... I don't understand how anything could have appreciated that much in 2 months and he didn't do any impro...
by Dumbo
Wed Jun 10, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

It sounds like your a ways off from saving a down payment. Maybe set some savings goals and check out the occasional open house to get a feel for what you want. By the time you have enough money to buy, you can re-visit the decision. Maybe the market will have crashed by then. Maybe you'll have a f...
by Dumbo
Wed Jun 10, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

I'd consider relocating but only to San Diego, LA or Austin, those are pretty much the only cities with the type of climate I like. Also for my particular skillset a lot of talent is here in the Bay Area so it really makes sense for me to be here, my skills are in demand and the number of fantastic...
by Dumbo
Wed Jun 10, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

I'd consider relocating but only to San Diego, LA or Austin, those are pretty much the only cities with the type of climate I like. Also for my particular skillset a lot of talent is here in the Bay Area so it really makes sense for me to be here, my skills are in demand and the number of fantastic ...
by Dumbo
Tue Jun 09, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

I think I read somewhere that only 600 homes get listed per month in Bay Area. I imagine it will be easy to find 600 very well off people among 2.5 billion Chinese and Indians combined alone who are looking to park their money in a safe American asset.
by Dumbo
Tue Jun 09, 2015 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1177

Re: 401k with no matching

I haven't received my fund options yet so I'll update accordingly with those once I get them. I'd be in the 28% tax bracket. I held a job for first half of the year in the same tax bracket as well. It had a 401K match and I contributed about 5 grand to that already I think. I take it the 18k max con...
by Dumbo
Tue Jun 09, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

expat wrote:As part of any bubble, your friends will be buying and telling you what a great deal it is and how you are missing out.

You won't hear from them when the bubble bursts.


It just feels like being a prudent saver and fiscally conscientious is a huge detriment in this area.
by Dumbo
Tue Jun 09, 2015 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Re: Buying in Bay Area (redux)

I had a topic at the same time on the same subject. Unfortunately, in the meantime, prices have continued their extremely quick rise. And rents are still rising >10% per year. Entry level houses in the area we are looking are $1.3 M and up. Buying a house feels even more out of reach now than it di...
by Dumbo
Tue Jun 09, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1177

Re: 401k with no matching

Yes to 15% contribution or yes to "some" contribution?
by Dumbo
Tue Jun 09, 2015 10:24 am
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1177

401k with no matching

Started a new job yesterday (yay) at a startup, but the company isn't doing any matching on my 401k until after Jan 1 at least. Do I still defer 15% of my income into a 401k even w/o a match, or pick a smaller percentage or just nothing at all? An IRA is going to be only 5500 so that's still a lot o...
by Dumbo
Tue Jun 09, 2015 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 6774

Buying in Bay Area (redux)

I brought up this topic several months ago but I think I need a sanity check again. My best friend sent me a text last night that his offer on a duplex in West Oakland was accepted. My advice to him has been not to jump into buying a home yet for reasons such as: he still has a ton of school debt, h...
by Dumbo
Fri Mar 20, 2015 12:54 pm
Forum: Personal Consumer Issues
Topic: New vs used cars
Replies: 39
Views: 3036

Re: New vs used cars

Well I bought a 4 year old Lexus IS250 for $19k ($34k MSRP), but then I hit a pothole that broke my axle costing me $1500 and a squirrel ate through my power steering wires costing me $3800 and 2 weeks to replace. Still not sure if I'm ahead or not with that purchase. Turns out squirrels don't care ...
by Dumbo
Thu Mar 19, 2015 7:31 pm
Forum: Personal Consumer Issues
Topic: need new computer
Replies: 13
Views: 1286

Re: need new computer

From a pure security perspective, and especially usability (if you haven't experienced Windows 8 and 10 yet you're in for a shock). I'd avoid anything with Windows on it. Chromebook is a good call ($250) as is a tablet like iPad Air ($400). If you really want the flexibility of a full on computer th...
by Dumbo
Thu Mar 05, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 21890

Re: Wife tired of saving...

And to the point of Camry vs Lexus, I'll be blunt here but the MPG difference is negligible between the two cars and you're creating a rift in a marriage over whether you guys save $30 a week on a tank of gas. On top of that you make her take a Camry which is uncomfortable (in comparison) when she h...
by Dumbo
Thu Mar 05, 2015 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 21890

Re: Wife tired of saving...

$40,000 car + $160,000 home upgrade vs $850,000 in divorce + alimony (the remaining $850,000) My crystal ball says you're getting a new home and a new (red) BMW 328 xi, congrats! On a serious note, you both need to compromise and honestly it sounds to me like she feels she's been compromising a lot ...
by Dumbo
Wed Mar 04, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 8894

Re: How to find a spouse who wants financial independence

I never had someone use a coupon on a date, ever. No dollar movies for a first date, unless maybe when I was 13. For me, I have a graduate degree and I wanted someone well educated. Being too cheap or spending too much were both red flags for me. I'm an attorney and men tended to focus on that as w...
by Dumbo
Tue Mar 03, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 37
Views: 4082

Re: US citizen vs green card

This might sound a little too patriotic but when my family moved to this country we did everything we could to become US citizens as fast as possible. Everything is a lot easier when you're an American citizen. My original homeland allows dual citizenship so I didn't have to give up anything. There ...
by Dumbo
Tue Mar 03, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 8894

Re: How to find a spouse who wants financial independence

I think it is important to note that their are plenty of people that want FI and drive this or decorate their home like that or want kids. Money isn't everything, and you should enjoy the time that you have throughout your career as well as in retirement. The goal is to live happily. I think it is ...
by Dumbo
Mon Mar 02, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 721

Re: Portfolio Review - Rebalancing and Short Term Goals

Something else I've read is that it's often beneficial to convert 401k's into IRAs for flexibility that comes with letting me pick any of the funds I want with whatever mix I'd like. I guess the counter to that would be that my current 401K offers me very good investment options anyways. In that cas...
by Dumbo
Mon Mar 02, 2015 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 721

Re: Portfolio Review - Rebalancing and Short Term Goals

retiredjg wrote:I would not migrate to this new portfolio. I'd change it to what you feel is more appropriate.


What are you referring to when you say not to migrate it? Do not migrate my 401k's?
by Dumbo
Mon Mar 02, 2015 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 721

Re: Portfolio Review - Rebalancing and Short Term Goals

1. I have not contributed at all to my IRA in a long time. Should I start contributing to that? As opposed to what? Not saving? Putting the money somewhere else? I guess as opposed to just putting all my money into a 401k. I have a Roth IRA I don't contribute to and I do have monthly savings that a...
by Dumbo
Sun Mar 01, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 721

Portfolio Review - Rebalancing and Short Term Goals

I need everyone's massive brain power to help me out here. Basic Info —————————————————————————————————————————————— Emergency Funds: 7 months Debt: $0 Filing Status: Single Tax Rate: 28% Federal, 9.3% State State of Residence: California Age: 30 Desired Asset Allocation: 30% Bonds (100% US total bo...
by Dumbo
Sun Mar 01, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 8894

Re: How to find a spouse who wants financial independence

A couple of weeks after our first date I told my wife to be that I had a coupon for the restaurant but didn't think it was prudent to use. She asked Why not? We eventually went back and used the coupon. The restaurant is no longer in business but we still are. That's a tell sign and a guy I went on...
by Dumbo
Sat Feb 28, 2015 2:01 am
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4982

Re: I survived my initial performance improvement mtg. Now w

As I suggested in the earlier thread this would be a good time to start reading Dale Carnegies How to Win Friends and Influence People. I hate any self help books but Dale's classic is timeless. You'll avoid lots of future headaches and will help you right now as well. The book came about as a way t...
by Dumbo
Wed Feb 25, 2015 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Novice Boglehead, please help with 600k windfall
Replies: 9
Views: 1643

Re: Novice Boglehead, please help with 600k windfall

On the subject of prenups: if you do a prenup in California I believe they expire after 6 or 7 years, so be aware of that. I think it's common for people to divorce and re-marry at that time to maintain the prenup. Having just gone through a very amicable divorce (without a prenup) I'd say definitel...
by Dumbo
Wed Feb 25, 2015 10:14 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area [Dumbo]

Yeah well thank you all for very nice feedback, I appreciate it. I think what I'll try to do is continue to look for a new job and then find an apartment that's close to future job as either a studio around 2k or a shared apartment at 1500 a month per person. That will let me put together a nice nes...
by Dumbo
Wed Feb 25, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Checking alternatives to USAA (non-military)
Replies: 8
Views: 999

Re: Checking alternatives to USAA (non-military)

I bank with Ally. 1% yield on savings, free ATM withdrawals anywhere in the country (reimbursed), very nice and user-friendly website (something that gets overlooked a lot).
by Dumbo
Wed Feb 25, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 9760

Re: Help! Ive been put on a performance improvement plan!

When you've read some of "How to Stop Worrying and Start Living" and you're in a better spot I recommend you pick up "How to Win Friends and Influence People". Both of these books are nearly 100 years old now and offer invaluable knowledge. Do I practice all of it all the time? H...
by Dumbo
Wed Feb 25, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

You are paying too much in rent in Foster City, IMO. Does SAP offer a bus from the PA Caltrain Station or from the California Caltrain Station ? Can you move further down the Peninsula (Santa Clara/San Jose) and cut your rent down ? Does SAP offer shuttle service from various points in the Bay Area...
by Dumbo
Wed Feb 25, 2015 12:59 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

1100 sq ft is a pretty large apartment for 1 person. I share a 775 sq ft condo with my girlfriend and we feel like we have plenty of space. I agree it's large for one person on a single income. However I was living with my ex in here until July, then got my current roommate to take over for my ex u...
by Dumbo
Wed Feb 25, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of Vanguard online access
Replies: 28
Views: 2164

Re: Safety of Vanguard online access

Also add that your passwords should be minimum 19 characters long include lower, upper case letters, at least 3 numbers and 2 symbols (#,@). That sounds arduous and it is which is why programs like 1Pass exist which let you create passwords, save them and generate new ones. The computers we have now...
by Dumbo
Wed Feb 25, 2015 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Safety of Vanguard online access
Replies: 28
Views: 2164

Re: Safety of Vanguard online access

At the very least you should enable 2-factor authentication. That will thwart most issues. Your biggest risk is somebody breaking into Vanguard, which is a very high risk in my opinion, and no matter what you do is irrelevant because you're completely dependent on their systems. Personally, I'm not ...
by Dumbo
Wed Feb 25, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 9760

Re: Help! Ive been put on a performance improvement plan!

Well Dale Carnegie would recommend you internally accept the worst (you will be fired) and then try to improve on that situation. So coming up with proposals such as demotion is a good thing to do, improving your attitude (whatever that means) and how you handle the team is also something you can do...
by Dumbo
Wed Feb 25, 2015 11:39 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

The California Working Group for Earthquakes conducted a study in 2008 and concluded there is a 62% probability of at least one magnitude 6.7 or greater earthquake in the 3-decade interval 2003-2032 within the SFBR. We are already half-way to that end point and the probability of a major earthquake ...
by Dumbo
Wed Feb 25, 2015 11:26 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

In the Bay Area? At that price? Maybe I could live in squalor somewhere in Oakland, but prices of Kevlar are also going up. Even at 500k it's sort of pushing it and I don't like the idea of a condo, but I also don't like the idea of throwing away money into rent. If you think Oakland = Squalor, you...
by Dumbo
Wed Feb 25, 2015 12:53 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

1100 sq ft is a pretty large apartment for 1 person. I share a 775 sq ft condo with my girlfriend and we feel like we have plenty of space. I agree it's large for one person on a single income. However I was living with my ex in here until July, then got my current roommate to take over for my ex u...
by Dumbo
Tue Feb 24, 2015 10:12 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

I thought I had made up my mind but it seems that people have made some good points after that. I don't like making any decisions abruptly so this is something I'm going to keep considering over the next 3-6 months. I definitely see myself staying in California for a very long time so a house, no ma...
by Dumbo
Tue Feb 24, 2015 8:07 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

So it seems the conclusion is regardless of state and national macroeconomics it's always a good time to buy a home in the Bay Area and I should most likely do it as soon as I can afford to do so, especially if my love for California lasts past the honeymoon phase. With 30k in cash though and a 2k s...
by Dumbo
Tue Feb 24, 2015 6:54 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

In contrast to previous cycles the jobs have been 'downtown' in social networking cos, etc., not out in the Valley? I'd say the job market here is red hot right now no matter where you go, I've never witnessed something like this before it's quite crazy. A lot of the social networking jobs you're r...
by Dumbo
Tue Feb 24, 2015 4:50 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

Also, PITI + HOA + PMI - your real mortgage payment - would not be the $2300 your friend quoted. It'd be more like $2300 (P&I) + $550 (T) + $100 (I) + $300 (HOA) + $300 (PMI) = $3550, ballpark. That number ignores maintenance, transaction, opportunity costs. Your actual principal payment in the...
by Dumbo
Tue Feb 24, 2015 3:13 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

You didn't say where you live there......at your income, you probably don't make enough to buy a home in the Bay Area....I bet you don't want to commute from Manteca, or Gilroy, or Fairfield, or other place that have "affordable housing" with a short 120 min. commute. My starter house in ...
by Dumbo
Tue Feb 24, 2015 3:09 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

Can you transfer to a lower cost part of the country and maintain your $110k salary? Otherwise, get a roommate and/or find a less expensive place to rent. I have major problems paying $500k for a shack in SF when that will get you a sweet pad pretty much anywhere else in the country. Plus, you migh...
by Dumbo
Tue Feb 24, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

Until you're absolutely certain that you want to stay there long term, do not buy a house. Out of all areas, SF is one of those that just screams "bubble" - if/when the tech sector slows down, you could expect a correction in the housing prices, which would make it difficult for you to se...
by Dumbo
Tue Feb 24, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Re: Buying a home in SF Bay Area

with that income you can buy a 250 - 350k house (depends on downpayment ) . do we have something available for that much ? In the Bay Area? At that price? Maybe I could live in squalor somewhere in Oakland, but prices of Kevlar are also going up. Even at 500k it's sort of pushing it and I don't lik...
by Dumbo
Tue Feb 24, 2015 1:45 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 5369

Buying a home in SF Bay Area [Dumbo]

I haven't been on here for a while and a lot has changed in the past year. I wanted everyone's input on home ownership in the Bay Area. I have not owned a home before but ever since moving to California last April I've been thinking about it because my rent here is ridiculous. Here's a breakdown of ...

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