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Re: Ad Blockers

I've used Adblock Plus for several years, like it a lot and intend to stick with it. Reading other message boards, Ublock's primary advantage is when it's used on memory constrained PC's (less than 2 MB of memory). I've got lots more than that so will stay with what works for me. Hey steelersfan ju...
by mac808
Mon Mar 30, 2015 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 14
Views: 545

Re: Ad Blockers

by mac808
Mon Mar 30, 2015 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 14
Views: 545

Re: Ad Blockers

Adblock Plus used to be good but they have sold out recently, allowing ad networks to pay them to be ''whitelisted'' and get ads through. (They claim they do this very rarely but in reality hundreds of networks and sites are whitelisted, and even if they scaled it back, why use an adblocker that doe...
by mac808
Mon Mar 30, 2015 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 14
Views: 545

Re: Best job offer: startup vs spinoff?

You mention the 409a is 40m. Is that for the Series A (presumably) preferred stock or the (presumably) common stock that you hold? Or did you mean the Series A valuation was 40m?
by mac808
Tue Mar 17, 2015 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best job offer: startup vs spinoff?
Replies: 18
Views: 1791

Re: If I Knew Then What I Know Now

Great advice. I would just add one thing. No doubt some people will be attracted to high cost of living areas due to the unique opportunities available in such places. In those cases, don't be afraid to live like a pauper for a few years to arbitrage the high salaries against a low cost of living, e...
by mac808
Sat Mar 14, 2015 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 51
Views: 7350

Re: Dad buys house for child, later complications

It's rare for families to want assets to flow from child to parent, it's usually the other way around. Why not just rent the property yourself and put the rent into an account that the parents can tap if needed, but which otherwise is outside of their estate? Alternatively you could sign a lucrative...
by mac808
Tue Mar 10, 2015 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Dad buys house for child, later complications
Replies: 14
Views: 2282

Re: Is this ethical?

OP, I've been an exec in a large public company before. Most people are giving you bad advice because in my opinion they don't understand how these orgs work. This is a classic don't ask, don't tell, don't care situation. Your friend's boss doesn't want to know and certainly won't put anything in wr...
by mac808
Sat Mar 07, 2015 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Is this ethical? [Selling company equipment to be disposed]
Replies: 41
Views: 1992

Re: Is this ethical?

No problem from what I can see. You're exhibiting some real American entrepreneurial spirit, and recycling to boot. As silly as it seems you may want to have your friend actually toss them into the trash (as the drop off/pick up spot) and then I believe you have a legal right to them, plus the compa...
by mac808
Sat Mar 07, 2015 5:51 pm
 
Forum: Personal Consumer Issues
Topic: Is this ethical? [Selling company equipment to be disposed]
Replies: 41
Views: 1992

Re: finding a buyer for private equity - avoiding commission

PM me if you are interested and I can take a look at the details. I lead a small group that does secondary market transactions (fb, twitter pre-ipo, now pinterest, palantir, etc). The hardest part is establishing valuation since common stock is rarely bought or sold.
by mac808
Fri Feb 27, 2015 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: finding a buyer for private equity - avoiding commissions
Replies: 21
Views: 1392

Re: Luxury Car

I had a Ferrari California for awhile, it was nice (esp the auto hard top which I loved) but I constantly worried about dings, parking it down town, or friends asking to borrow it. All of which just became one more thing to worry about. Now I have a Jeep Grand Cherokee and IMO it's the perfect car -...
by mac808
Mon Feb 23, 2015 9:27 pm
 
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 81
Views: 5684

Re: Poll: How Would You Want Your Estate Divided?

Our family is likely an outlier. We leave money for those members who have not finished their education. After that, you are out of the will (well, my father left a token amount of $10,000 to $20,000) and proceeds go to charity. I'm the third generation (might go back farther, I don't know) with th...
by mac808
Sat Feb 21, 2015 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How Would You Want Your Estate Divided?
Replies: 43
Views: 3589

Re: 4% rule on a trust?

Some random hypotheticals At age 24 Child A is accepted to Harvard Med School and wants to use her inheritance to pay tuition and costs. Will the 4% cover this? At age 25 Child B is partner in a tech startup and needs $100,000 in seed money to get the business venture off the ground. Will his 4% co...
by mac808
Tue Feb 17, 2015 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 by Power 5 rule on a trust?
Replies: 17
Views: 1794

Re: 5 by Power 5 rule on a trust?

Why stop after your kids instead of letting it roll down the family tree? Generations from now, your descendants will be toasting your legacy. << "enough money so that they would feel they could do something, but not so much that they could do nothing." >> I never understood this statement...
by mac808
Tue Feb 17, 2015 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 by Power 5 rule on a trust?
Replies: 17
Views: 1794

Re: How do you balance frugality and life?

The best things in life are free.
by mac808
Tue Feb 03, 2015 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you balance frugality and life?
Replies: 50
Views: 5469

Re: Is personal DB plan right for me?

I set one up at 30 for a solo owned and operated consulting business and love it. I save an extra $40k per year now but the limit goes up as you age and it can get pretty high for those in their 40s and 50s planning to retire at the earliest allowed age (55 I believe).
by mac808
Mon Jan 26, 2015 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is personal DB plan right for me?
Replies: 15
Views: 1196

Re: Poll - How much is enough / what's your number?

$10m = $300k/year planning for a 50 year retirement
by mac808
Tue Jan 13, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7881

Re: Is a Sub-4% SWR a Boglehead Quirk?

Planning to retire at 45 and use a 3% SWR in my calculations, but sometimes I wonder if I should reduce it down to 2.5% given that my grandfather just hit 100.
by mac808
Sun Jan 11, 2015 5:53 am
 
Forum: Investing - Theory, News & General
Topic: Is a Sub-4% SWR a Boglehead Quirk?
Replies: 177
Views: 10975

Re: Chromebook dedicated to finances?

Chromebooks are not much safer than PCs. The major threat these days is a compromised browser, e.g. a rogue Chrome extension which can occur on any OS. Put your browser into Incognito mode before you access any financial sites.
by mac808
Sat Jan 03, 2015 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chromebook dedicated to finances?
Replies: 62
Views: 4087

Re: How do you define "being rich"?

I'd define it as being able to draw a significant income without working or depleting assets. Call it $500k per year @ ~3.5% SWR = $15 million invested, plus a house or two. As a starting point. This would be for Silicon Valley or NYC, it could be less in other areas. Even at that level, in those ar...
by mac808
Sat Dec 20, 2014 11:04 pm
 
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9632

Re: Advice for lock-boxing inheritance for 20 years

I have become a big fan of the idea of a "Boglehead trust" - a trust that distributes 4% of itself to the beneficiary each year forever. You eliminate the potential for the beneficiary to blow the inheritance. Built in COLA. No decisions to be made, no wiggle room, no stress.
by mac808
Fri Dec 05, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for lock-boxing inheritance for 20 years
Replies: 45
Views: 3772

Re: Who do you listen to? (Podcast, etc)

There's a new podcast named "Serial" whicheck has me hooked. I think they are at serialpodcast.org.
by mac808
Mon Dec 01, 2014 1:21 am
 
Forum: Personal Consumer Issues
Topic: Who do you listen to? (Podcast, etc)
Replies: 32
Views: 3805

Re: Starter Trust for adult child?

I think conditions of any kind can be gamed and have the potential to create all sorts of unintended consequences. Personally, I would AA 70/30 and let 80% of the trust income (dividends and bond payments) flow through to the beneficiaries. In one felt swoop you have solidified Boglehead principals ...
by mac808
Fri Nov 28, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starter Trust for adult child?
Replies: 13
Views: 2072

Re: Relocating to a tax free state with good weather need ad

Check out Las Vegas. It's a hidden gem for retirees. Well, hidden in the sense that most people only think about it as a tourist destination and not a real place to live. 2 million residents. A nice mix of all ages and backgrounds. No state income taxes. Low COL. Weather is great (hot but dry, way m...
by mac808
Sun Oct 12, 2014 3:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 53
Views: 3736

Re: it will take me about 38 years to reach $1M at this rate

How much do you make, and what do you think your expenses will be in retirement? That million dollars gets you roughly $40k/year in sustainable retirement income. You're saving $5,500/year, which is only 13.75% of your pre-tax income on $40k/year, and it sounds like you're probably not in a very hig...
by mac808
Fri Oct 10, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: it will take me about 38 years to reach $1M at this rate
Replies: 25
Views: 3435

Re: is a 1920 x 1200 monitor worth it?

Yes, and make sure you get a DVI connection, it will reduce eye strain a bit.
by mac808
Fri Oct 03, 2014 11:08 am
 
Forum: Personal Consumer Issues
Topic: is a 1920 x 1200 monitor worth it?
Replies: 15
Views: 956

Re: Trust Company Fee's

Another problem I had with my family trusts was that the trusts were taxed at higher rates than personal income. My mother's trust was paying rates of 35% when most of the family was in the 25% bracket. So check out taxes as well as costs. I believe that most trusts can distribute annual income to ...
by mac808
Fri Sep 19, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Company Fees
Replies: 22
Views: 1562

Re: Trust Company Fee's

How much money are you putting into the trust?
by mac808
Fri Sep 19, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trust Company Fees
Replies: 22
Views: 1562

Re: A safe full of cash

[OT comments removed by admin LadyGeek]
by mac808
Thu Sep 18, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: A safe full of cash
Replies: 22
Views: 3122

Re: Can You Build Your Retirement Portfolio Young, then Coas

I am doing this. I have been working like a dog for 8 years in a high stress but extremely well compensated field, and saving the majority of my after-tax income. I plan to work for another 4 or 5 years and then transition to something much less stressful. The little voice inside my head often wonde...
by mac808
Mon Sep 15, 2014 5:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 58
Views: 7643

Re: What is your experience managing a 8 or 9 digit portfoli

You can manage 8 or 9 figures on a lazy portfolio model. There's really not much difference if you're liquid (as opposed to most of your net worth tied up in a family business). For advisors, fees drop quickly below .2 for AUM > 25m, so it's still a lot but maybe not as much as you think.
by mac808
Mon Aug 25, 2014 12:49 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your experience managing a 8 or 9 digit portfolio
Replies: 11
Views: 2364

Re: How the rich stay/get richer??

I believe Piketty makes the point that historically return on capital has been greater than growth of earned income, leading to greater income inequality. Until a world war or revolution comes along and there is a chaotic reordering of assets... in the absence of those events, then OP's thesis is c...
by mac808
Tue Aug 19, 2014 9:52 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 5509

Re: Trust for Daughter

What states do you, your ex-husband and your daughter live in?

There are state tax issues that affect trust taxation. One thought is the suggestion for a corporate trustee had to do with trying to minimize these taxes.
by mac808
Fri Aug 01, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trust for Daughter
Replies: 13
Views: 1093

Re: 36 percent decline in net worth

I read somewhere that a large part of this shift may be due to (1) single people living alone for longer periods of time, resulting in 2 poorer households rather than 1 combined, wealthier household, and (2) the first wave of baby boomers starting to retire and moving from salaries to social securit...
by mac808
Sun Jul 27, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: 36 percent decline in net worth
Replies: 38
Views: 6308

Best Self Directed IRA Custodian?

Can anyone recommend a good home for a self directed IRA? I want to purchase a small amount of private company stock within a Roth IRA. Fidelity doesn't support this and it doesn't seem like Vanguard would either. I'm familiar with the IRA rules for prohibited transactions and so forth, this is priv...
by mac808
Mon Jul 14, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Self Directed IRA Custodian?
Replies: 1
Views: 294

Re: Erasing hard disk that have died

An alternative to DBAN is to mount a Linux distro and use dd to write zeros to the drive. dd if=/dev/zero of=/dev/hda bs=1M I do this because I've found DBAN doesn't work on some computers. The idea that you need multiple passes is urban legend. One pass is enough. Nobody has demonstrated the abili...
by mac808
Tue Jul 08, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3704

Re: Erasing hard disk that have died

Here is a method: First use Eraser. Set it for the most overwriting passes possible. Then use Active@Killdisk (http://www.killdisk.com/downloadfree.htm). Then take out the hard drive and physically destroy it (use a drill to put a bunch of holes in it, then smash it up with a hammer). Please wear e...
by mac808
Mon Jul 07, 2014 1:47 pm
 
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3704

Re: Do you tell your kids how much you make?

My parents were very open with me about their finances as I was growing up, and I'm very grateful because that is how I learned about how that part of the world works.
by mac808
Thu Jul 03, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6565

Re: The Millionaire Next Door: Are You One?

I started off with clunkers as a MND type. Now I can afford pretty much anything and still be living within my means, which is the main lesson from MND as I remember. But I still love and drive reliable 5-10 year old cars. I like people assuming I am lower/middle working class, as it helps me blend ...
by mac808
Sun Jun 29, 2014 8:20 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 24719

Re: Retiring at 25? Help with allocation

Read about the lazy portfolios in the wiki, sign up for a Vanguard or Fidelity account and just DCA in to 4 or 8 funds over the next year. I would do 70/30 equities/bonds but it's up to you, 60/40 or 50/50 would be OK but you are giving up a lot of growth potential over the next few decades. The who...
by mac808
Wed Jun 25, 2014 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring at 25? Help with allocation
Replies: 9
Views: 2935

Re: Is Medical School Worth it Financially?

You are making an interesting but sort of rigged against medicine comparison. Stanford's Computer Science class of 2000 made substantially more than $92,000/year on average and median income (I suspect you know this from peers and would agree). Beyond the averages, if you were in that year and made ...
by mac808
Mon Jun 23, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5651

Re: engineers - please help with engineering school selectio

Several posters commented on that. I may have misrepresented my son’s words. He wants to finish college with practical degree in hand so he can get a job right away that pays well, short term and long term. He did his research on salaries after graduation, and engineering salaries to him are “a lot...
by mac808
Thu Jun 12, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5795

Re: engineers - please help with engineering school selectio

Reputation of school can get your foot in the door for a job. After that point, it's mostly in how you perform (possible exceptions if you're not working in industry). However, if your son has plans to go to graduate school for engineering, the reputation of his undergrad institution does not reall...
by mac808
Thu Jun 12, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5795

Re: engineers - please help with engineering school selectio

Super condensed advice incoming. If you can go to MIT, Stanford, Cornell, or another top 10 school for engineering - do it. It's worth the money, without question. Below the top tier, it doesn't matter, go to a good program that's affordable.
by mac808
Thu Jun 12, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5795

Re: Enough: True Measures of Money

Rich people think about SWRs the same as others do. Imagine earning 100 million over a career and retiring with perhaps 30 million in cash in the bank, plus two nice houses. 30 million produces 1.2 million before taxes. Seems rich but not obscene.
by mac808
Mon Jun 09, 2014 2:00 pm
 
Forum: Personal Consumer Issues
Topic: Enough: True Measures of Money
Replies: 28
Views: 2457

Re: Funding a job change to a startup

What about finding a Series A funded startup that you believe in, and go work there? Based on your #s, you need about $130k pre tax to keep from spending your savings. You would make maybe 30% less cash (pre tax), but you'd have better upside, and probably a much better work environment. Leaving to ...
by mac808
Fri Jun 06, 2014 9:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Funding a job change to a startup
Replies: 14
Views: 1082

Re: Real money v/s nominal money - Retirement amount questio

I subtract expected inflation rate from expected nominal return rate in order to get the expected ''real'' return. 7% (nominal return) - 2% (inflation) = 5% (real return). And that 5% is the number I use for future growth calculations. Of course there are no guarantees. I'm sure there are other meth...
by mac808
Mon May 19, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Real money v/s nominal money - Retirement amount question
Replies: 5
Views: 768

Re: Do you love your job? What do you do?

Software development. A new project every few months. I love it. I could retire but have no desire to, I will keep doing this for as long as possible. Project based work is fantastic because you can line up long vacations in between projects if you're smart about scheduling, and don't have the mind ...
by mac808
Wed Mar 19, 2014 3:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 11324

Re: Money issues - people take me for granted

I've been in the same boat. Close friends (like my best 4-5 friends in the world who I went through a lot of crap with), I would do pretty much anything for. I made money before any of them did. I loaned 2 of them $30k each and both paid me back. One of them was a year late in paying me back but I n...
by mac808
Tue Mar 11, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Money issues - people take me for granted
Replies: 74
Views: 5471

Re: Helping an irresponsible dad preserve a financial windfa

I've seen a lot of older folks enjoy moving from the Bay Area to Las Vegas; there is a lot to do, it's still close to the west coast, and it's so much cheaper. Does he own a home in the Bay Area? If so, that could be another huge windfall for him.
by mac808
Mon Mar 03, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping an irresponsible dad preserve a financial windfall
Replies: 29
Views: 2497

Re: California vs. Texas

I have lived in both states. Some thoughts: 1. It wasn't the extra income tax that bothered me most about California, but the extreme social inequality. In Texas, there are less distinctions between the classes because real estate, good schools, and safe neighborhoods are accessible for almost every...
by mac808
Wed Feb 26, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: California vs. Texas
Replies: 32
Views: 2915
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