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How to invest my "Emergency Fund"

Few details: -Early 30's, Single -Net Worth - multiple times annual salary -Emergency Fund - 15-20K (roughly 1 year's living expenses), all in a checking account earning 0%, this is also used to cover my monthly expenses (rent, cc bill as well as taxes due every April), and slowly grows throughout t...
by Nathan Drake
Wed Apr 09, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest my "Emergency Fund"
Replies: 20
Views: 2430

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Have you obtained additional estimates? $2k seems inexpensive for a factory-remanufactured transmission with a warranty, including labor. Do you mean "expensive" instead of "inexpensive"? Have not received additional estimates. That estimate was a worst-case, it may be closer to...
by Nathan Drake
Thu Apr 03, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1286

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Thanks for the advice everyone. Since I don't have a new car itch, maybe it's just best to bite the bullet and hope I don't have any other serious and expensive problems to deal with. I always have enough money saved up to buy a new car in cash, but I'm not a car person and just see it as a means to...
by Nathan Drake
Thu Apr 03, 2014 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1286

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

Have you obtained additional estimates? $2k seems inexpensive for a factory-remanufactured transmission with a warranty, including labor. Do you mean "expensive" instead of "inexpensive"? Have not received additional estimates. That estimate was a worst-case, it may be closer to...
by Nathan Drake
Thu Apr 03, 2014 8:57 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1286

Transmission rebuilt ($2k) or buy a new car? [Honda Civic]

Have a bit of a dilemma. The check engine light came on for my car and I noticed it was shifting gears oddly. Error code turned out to be related to the transmission, and I received a worst case estimate for the cost to rebuild the transmission for $2k. 99 Honda Civic 170,000 miles Drive it annually...
by Nathan Drake
Thu Apr 03, 2014 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1286

Re: Retirement Account Growth exceeds Annual Retirement Expe

We're at the next inflection point - average return on investable assets (you said retirement accounts but I also include our taxable brokerage accounts, but not RE or 529s which hopefully have funded kids college) is more than double our estimated retirement expenses. At age 53 (DW age 47) we are ...
by Nathan Drake
Wed Mar 12, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Growth exceeds Annual Retirement Expense
Replies: 29
Views: 3029

Re: Retirement Account Growth exceeds Annual Retirement Expe

How you're doing relative to others makes this question quite strange. My living expenses are less than my annual contributions to max out my 401k (17.5K). So by that definition, my retirement account growth exceeded expenses from the first day of my first job. 1.2M in retirement accounts at 41 is v...
by Nathan Drake
Tue Mar 11, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Growth exceeds Annual Retirement Expense
Replies: 29
Views: 3029

Re: Retirement Account Growth exceeds Annual Retirement Expe

Still wondering how someone amasses 1.2M in a typical retirement account by 41.

Is this combined income?
by Nathan Drake
Tue Mar 11, 2014 11:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Growth exceeds Annual Retirement Expense
Replies: 29
Views: 3029

Re: Switching from Full-Time Career to Contractor - Pros/Con

Thanks for the great replies everyone.

Sounds like I should just keep going with my current job.

I'm sure being a contractor has its pros, but I would imagine it's best when you have a lot of experience with different companies and have the ability to quickly find work and don't mind the risks.
by Nathan Drake
Fri Mar 07, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Switching from Full-Time Career to Contractor - Pros/Cons?
Replies: 14
Views: 851

Re: Switching from Full-Time Career to Contractor - Pros/Con

I look at this differently. I see both jobs as providing more than livable wages and I don't see your occupation disappearing anytime soon, i.e. you will always have a good paying job. Money is more of a secondary issue (but still important). The real question is do you want to continue to work at ...
by Nathan Drake
Thu Mar 06, 2014 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Switching from Full-Time Career to Contractor - Pros/Cons?
Replies: 14
Views: 851

Switching from Full-Time Career to Contractor - Pros/Cons?

Kind of curious if anyone has made this move. Here's my current situation: Single Early 30s Engineer w/ $90-100K income depending on bonus 6% 401K match; no pension Health benefits that amount to roughly 8K per year Low cost of living state, no state income tax Indifferent about job; pays the bills,...
by Nathan Drake
Wed Mar 05, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching from Full-Time Career to Contractor - Pros/Cons?
Replies: 14
Views: 851

401k plan prevents > 25% contributions

I have a 401K plan with Fidelity that caps contributions to 25% of my paycheck. I normally max out my 401K throughout the year, and once I've reached the limit, I contribute on an after-tax basis and then roll over my after-tax 401k money into a Roth IRA at the start of each year. I'd like to be abl...
by Nathan Drake
Tue Feb 25, 2014 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k plan prevents > 25% contributions
Replies: 3
Views: 582

Re: Portfolio in bad shape, want to invest additional ~$300,

How did you even get 300K in cash to begin with?
by Nathan Drake
Fri Feb 21, 2014 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio in bad shape, want to invest additional ~$300,000
Replies: 8
Views: 1435

Re: High Costs [of Investment Expenses]

These middle men responsible for extracting wealth from productive citizens represent a net-drain on actual GDP and economic growth. The financial services industry that thrives on active management is not providing anything worthwhile to the economy, and is simply extracting their cut by preying on...
by Nathan Drake
Tue Feb 11, 2014 12:06 am
 
Forum: Investing - Theory, News & General
Topic: High Costs [of Investment Expenses]
Replies: 7
Views: 732

Re: $10+ M, age 49, seeking wisdom regarding retirement

For any younger Bogleheads out there . . . My first real job was at age 25. I remember buying Vanguard funds (and IRAs) and crossing over the $100 K mark. Crossed $1 M at age 30. Lived in a modest apartment at the time. Then $2 M. I remember thinking if we only had $5 M . . . we'd be set. Our 30s w...
by Nathan Drake
Thu Feb 06, 2014 11:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7742

Re: $10+ M, age 49, seeking wisdom regarding retirement

Out of curiosity, how did you amass 10 million? Was your business a lot busier in prior years?
by Nathan Drake
Wed Feb 05, 2014 10:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7742

Re: Young, rich, hopefully not dumb

Don't know many majors or industries that let you accumulate 20MM at 30.

Curious what it is that you do. Get lucky with a small start up?
by Nathan Drake
Fri Jan 24, 2014 2:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Young, rich, hopefully not dumb
Replies: 51
Views: 6779

Re: High Earners - What's Your Profession?

Question for you, your wife, and Tyrobi: Do you have any advice on breaking into the oil industry? I have an construction engineering degree(about half civil eng, half construction management) and work in the construction field(contract management, project management, etc). Unfortunately I never to...
by Nathan Drake
Mon Jan 13, 2014 10:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28293

Re: High Earners - What's Your Profession?

Engineer Easy way to clear 100k hurdle is to involve with the oilfield after getting any engineer degree. +1 I recommend the oil industry to pretty much anyone with a technical background - I've worked with everyone from engineering to physics to math backgrounds, even a few finance-backgrounded pe...
by Nathan Drake
Mon Jan 13, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28293

Re: High Earners - What's Your Profession?

What's the easiest way to get into these sales jobs that command 200-500K+ compensation, work at home, get all your travel expenses paid for, and generally only spend an honest 30 hours towards work a week?

Sounds like a pretty sweet gig.
by Nathan Drake
Sun Jan 12, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28293

Re: Just hit the million mark net worth today

Congrats. Please share some details about how you achieved your goal.
by Nathan Drake
Sat Oct 19, 2013 12:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Just hit the million mark net worth today
Replies: 98
Views: 9413

Re: Young Guys [and Gals] Making Good Money

Started my own business (32ish) - Worked my tail off, failed on a couple of things and hit big on another. First year earnings were negligible. I went from making about $71K in the first year (2008) to over $2M this past year (2012). I will say though, since starting my own business my health has t...
by Nathan Drake
Mon Sep 30, 2013 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 23236

Re: Young Guys [and Gals] Making Good Money

With that education you could qualify to be an underwriter/analyst at a commercial bank (especially with a night course or two in accounting). I'm not talking about investment banking analysts or the mutual fund analysts who need CFAs. Regular old bank analysts are employed at every bank which orig...
by Nathan Drake
Sun Sep 29, 2013 4:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 23236

Re: Get an MBA or Invest?

I graduated with my MBA a little over two years ago; I would certainly do it all over again. I ended up going from a well paying, but dead end job (in both responsibility and pay) to a job that pays me double the salary, has much more responsibility and a wide open career trajectory. I could never ...
by Nathan Drake
Mon Sep 02, 2013 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Get an MBA or Invest?
Replies: 50
Views: 3429

Re: How to approach a job search

Make a LinkedIn or Monster account. I'm an engineer and after I put a fortune 500 company name on my profile, my phone was blowing up with head hunters. A lot of them are searching for contract positions, but if you ask they can find you a full time gig. Since i'm not looking for a job, I actually ...
by Nathan Drake
Sun Jul 28, 2013 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to approach a job search
Replies: 6
Views: 503

How to approach a job search

I'm looking to make a move, career wise, and I'm still with the first company post-graduation...so the job search process is completely different than when I was in school (where employers participated in on-campus recruiting). I'm looking for suggestions on how to approach a job search to maximize:...
by Nathan Drake
Sun Jul 28, 2013 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to approach a job search
Replies: 6
Views: 503

Re: Falling behind the age / salary curve?

I'm in a similar boat.... engineer (now lead engineer) with nearly 5 years at the same company and multiple annual raises later and I'm only making 1.2X as much as I was when I first started. Barely keeping above inflation, despite much more responsibility. Only difference is that while the job envi...
by Nathan Drake
Sat Jul 27, 2013 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Falling behind the age / salary curve?
Replies: 31
Views: 3609

Re: How and when did you do it - to get to 1 Million

We're on pace to hit $1 million in December of this year when we get our year end bonuses. We're each 27. For us, it's really been 100% about having two high incomes and saving 50% or more of that income. We have some investment gains in our retirement accounts, but we really only started following...
by Nathan Drake
Sun Jul 21, 2013 9:38 pm
 
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 65
Views: 9415

Re: Cramer says not to invest in Index Funds :)

Cramer isn't stupid -- he knows index funds are the superior choice for the prudent investor that regularly buys stocks, holds them for the long-term, and re-balances periodically. His audience, and thus advice, is tailored to a completely different demographic than the one on this forum. These are ...
by Nathan Drake
Thu Jul 11, 2013 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Cramer says not to invest in Index Funds :)
Replies: 43
Views: 6738

Re: Isn't it a bad time to be investing??

http://i42.tinypic.com/2rrncww.jpg I look at that picture and I say, "Boy, the first 10 years after a peak are a terrible time to invest in stocks." That seems to be the Shiller thesis. The trick is identifying the peak in advance. Recall that these returns are after inflation. So on that...
by Nathan Drake
Mon May 27, 2013 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't it a bad time to be investing??
Replies: 67
Views: 6959

Re: THANKS, BOGLEHEADS, FROM JACK BOGLE

In an industry rife with needless complexity that preys on the ignorance of individual investors, it's comforting to have a pioneer among us that has laid the foundation to maximize the returns of his clients rather than of his own interests through a simple approach that works. A rare thing in the ...
by Nathan Drake
Mon May 13, 2013 11:54 pm
 
Forum: Investing - Theory, News & General
Topic: THANKS, BOGLEHEADS, FROM JACK BOGLE
Replies: 39
Views: 5186

Re: BigMoney Jobs(high school student wants to be rich some

Here's an article that recommends Petroleum Engineering. http://money.cnn.com/2013/04/25/news/economy/engineering-best-paid-jobs/index.html?iid=HP_LN I would be careful chasing "best starting salary" lists. Engineers tend to start out with good salaries but quickly plateau (usually within...
by Nathan Drake
Wed May 01, 2013 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: BigMoney Jobs(high school student wants to be rich some day)
Replies: 102
Views: 7112

Re: Help w/ a $55M portfolio?

700K/year in expenses is absurd. Perhaps this isn't the proper forum you should be asking for advice, because it will likely not be what you want to hear.
by Nathan Drake
Sat Apr 20, 2013 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ a $55M portfolio?
Replies: 51
Views: 6933

Re: "Bond Market Bubble?"

Bonds are almost certain to perform around (or worse than) inflation. We won't be seeing huge bond gains like what's happened during the prior decade. And people should be OK with that because it will keep their portfolio stable even if they're not gaining much, or perhaps are even losing out slight...
by Nathan Drake
Thu Apr 11, 2013 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: "Bond Market Bubble?"
Replies: 52
Views: 3953

Scientist Predicts 60% Market Collapse

http://www.moneynews.com/MKTnews/Market-Collapse-Predicted-By-Scientist/2013/03/13/id/494569?promo_code=1304C-1&utm_source=taboola Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...
by Nathan Drake
Mon Apr 08, 2013 10:02 pm
 
Forum: Investing - Theory, News & General
Topic: Scientist Predicts 60% Market Collapse
Replies: 28
Views: 4080

Re: how to think about the high profits relative to GDP

Are they taking US corporate profits and comparing them to US GDP?

If so, that's not a very good comparison given that the share of US companies business overseas is growing.
by Nathan Drake
Fri Apr 05, 2013 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: how to think about the high profits relative to GDP
Replies: 17
Views: 1258

Re: Net Worth: Loss of Control Angst

I'm in a similar boat, except I don't have a mortgage. I wouldn't worry about the mortgage value too much -- you have to live somewhere, think of it more as a consumption item that's not liquid. I check my net worth every single day -- I know people recommend NOT to do this, but it never results in ...
by Nathan Drake
Wed Mar 27, 2013 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth: Loss of Control Angst
Replies: 36
Views: 3512

Re: The Math of Pensions and Contributions in lieu of

Be thankful that you're getting an extra 4% in lieu of a pension. I started at my job a year after they stopped offering pensions. My extra contribution compared to my peers? 1% .... Yeah, I'm actually so mad about it that I'm seriously considering finding another job. I feel I'm at a huge disadvant...
by Nathan Drake
Sun Mar 24, 2013 12:17 am
 
Forum: Personal Finance (Not Investing)
Topic: The Math of Pensions and Contributions in lieu of
Replies: 10
Views: 1116

Re: Shiller PE vs. Interest Rates

I haven't seen one, also nothing that compares Shiller PE to dividend payouts of earnings vs. stock buybacks.

I find the Shiller PE to not be particularly helpful, especially given so many different factors for different periods of time.
by Nathan Drake
Mon Mar 18, 2013 11:59 pm
 
Forum: Investing - Theory, News & General
Topic: Shiller PE vs. Interest Rates
Replies: 4
Views: 743

Re: Larry's nice summary of "expected" return.

This seems like a case of picking end points (1969 and 2008).

Nobody is putting all their money in the market in 1969 and taking all of it out in 2008.

A better look would be what the average real return was over the period from then until today.
by Nathan Drake
Sun Mar 17, 2013 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: Larry's nice summary of "expected" return.
Replies: 31
Views: 4038

Re: Does this headline trouble you?

The headline implies that it is the small investors that are driving up stock prices. But as I understand it, small investors make too small of a % of overall purchases of equities to have that kind of effect (perhaps a fraction of a %, but not the kind of growth in the last 2 months). Please corre...
by Nathan Drake
Sat Jan 26, 2013 1:18 am
 
Forum: Investing - Theory, News & General
Topic: Does this headline trouble you?
Replies: 43
Views: 3166

Re: Does this headline trouble you?

They nature of the market is to grow with time. There's a lot of bumps along the way, but I think the past 12 years has really skewed the perspective of markets to most investors, thinking that "all time highs" mean that the market is somehow overvalued, simply because the past decade has ...
by Nathan Drake
Sat Jan 26, 2013 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Does this headline trouble you?
Replies: 43
Views: 3166

Re: Buffett pulls ahead of Hedge Funds at halfway point of b

Do these results take into account Hedge Fund expenses?
by Nathan Drake
Thu Jan 24, 2013 5:09 pm
 
Forum: Investing - Theory, News & General
Topic: Buffett pulls ahead of Hedge Funds at halfway point of bet
Replies: 17
Views: 2419

Re: Overvalued Equities

And I can cherrypick tons of other metrics that say they're undervalued.

Nobody knows. I don't like the alternatives to equity investment right now.
by Nathan Drake
Fri Jan 11, 2013 12:22 am
 
Forum: Investing - Theory, News & General
Topic: Overvalued Equities
Replies: 18
Views: 2340

Re: What was your 2012 return?

What was your "good strategy", and why do you believe it will persist? I'll write about this strategy if/when I hit seven figures, though I will say it is unrelated to blindly leveraging into equities. No clue if the edge will persist. I don't expect another double next year, but it would...
by Nathan Drake
Mon Dec 31, 2012 11:56 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20321

Re: What was your 2012 return?

Roth (25% of financial assets): +27% 401K (50% of financial assets): +16% Taxable account (25% of financial assets): +112% Sounds like new contribs were included in that taxable account, eh? That's exclusive of contributions. I had a good year trading with a new strategy. Net worth around $300K, up...
by Nathan Drake
Mon Dec 31, 2012 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20321

Re: first-time portfolio review for a long-time lurker

How in the world did you manage to make so much money by 35? Get lucky with a start up? Not to sound cliched, but lots of hard work and a little luck... (e.g., landing a few key consulting clients). No startup involved :) Did you work with a consulting firm before breaking out on your own? What kin...
by Nathan Drake
Sun Dec 30, 2012 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3262

Re: first-time portfolio review for a long-time lurker

How in the world did you manage to make so much money by 35? Get lucky with a start up?
by Nathan Drake
Sun Dec 30, 2012 5:10 am
 
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3262

Re: Anyone more than 50% International Allocation? Reasons?

I tilt more towards intl due to market cap and the fact that intl is attractively valued right now.
by Nathan Drake
Sun Dec 30, 2012 4:32 am
 
Forum: Investing - Theory, News & General
Topic: Anyone more than 50% International Allocation? Reasons?
Replies: 12
Views: 1328

Re: How has the stock market increased the past three years?

From the article: While individual investors have been shunning the market, institutional investors, such as hedge funds and pension funds, have been significantly adding to their stock positions. So individuals are pulling money out, but hedge funds, investment banks, pensions, foreign governments...
by Nathan Drake
Sun Dec 30, 2012 2:30 am
 
Forum: Investing - Theory, News & General
Topic: How has the stock market increased the past three years?
Replies: 6
Views: 939
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