Search found 158 matches

by mac808
Fri Aug 14, 2015 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 95
Views: 13744

Re: Am I crazy? Quitting my job.

OP I've been in your shoes before. Thug it out. Just pretend you are a double agent or something. Start a blog or side biz online to keep the brain stimulated. Be as frugal as possible. Make it 3 years, take the $ and run. Not much difference between 28 and 31 (or 33) in the grand scheme of things. ...
by mac808
Fri Jul 31, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: real estate in NYC
Replies: 38
Views: 3152

Re: real estate in NYC

I'm in the same boat. Prices are high and inflated due to the overwhelming number of wealthy international families treating NYC condos like safe deposit boxes and parking their cash here. The problem is, this behavior shows no signs of slowing down or stopping (more the opposite, as the rest of the...
by mac808
Thu Jul 23, 2015 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash
Replies: 40
Views: 6764

Re: going to cash

Just a reality check for my fellow Bogleheads. Yes, the market ''feels'' high. But earnings have been strong. There is a ton of cash sitting on the sidelines just waiting to get in, and almost nothing else to invest in. I talk to a lot of private wealth managers and there's mostly just a sense of fr...
by mac808
Mon Jun 22, 2015 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tech jobs - is job-hopping the best way to get ahead?
Replies: 92
Views: 13730

Re: Tech jobs - is job-hopping the best way to get ahead?

If you can end up at Google, Facebook, Amazon or similar then they will pay you really, really well. Just job hop until you get in the door at one of those places and then focus on doing your absolute best possible work. Almost any SV or NYC IC dev in the top 50% of Google's engineering org is pulli...
by mac808
Thu Jun 11, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Spendthrift trust
Replies: 7
Views: 674

Re: Spendthrift trust

Set up a perpetual trust that distributes 4-5% per year forever. Remove all trustee discretion. It's just a dumb allowance/annuity. As the above post notes, the more discretion there is, the more potential drama.
by mac808
Wed Jun 10, 2015 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 5208

Re: Inheritance and Economic Outpatient Care for a Boglehead

Gawd I hate the MND and their EOC measures. best review quote: You save your money carefully throughout your life not so you can spend it on the finer things, nor even so you can spend it on the ones you love. You save it because it’s the right thing to do. This is the Scrooge McDuck school of weal...
by mac808
Sat Jun 06, 2015 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 13003

Re: Frugal Millionaires Article...Sounds Like Bogleheads

You know, I would like to believe all the hype about "the millionaire next door", and how a working stiff just needs to work, save diligently, and invest wisely to become affluent. But playing devil's advocate, I wonder how many of those millionaires got where they were largely due to jus...
by mac808
Thu Jun 04, 2015 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Big Decision to Make
Replies: 58
Views: 9813

Re: Big Decision to Make

Do it. I'm a tech entrepreneur. I lived under my desk for a few years and emerged with financial independence. It's worth it. With a fast internet connection and a VPN, you can entertain yourself from anywhere these days. Your wife could even work online, which would be another tax free income, plus...
by mac808
Sat Apr 11, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 7064

Re: regret and depression...how to deal with it

What if you had invested it all in 2007?
by mac808
Fri Apr 10, 2015 3:35 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical End Game Scenario w/ 5M retirement account
Replies: 74
Views: 8618

Re: Hypothetical End Game Scenario w/ 5M retirement account

The 5 million figure is irrelevant. You're basically saying that you've saved up enough so that you have as much disposable income in retirement as you did while you were working. And now you want to know how to spend it. I think the real question might be something else, or there might be some othe...
by mac808
Fri Apr 10, 2015 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup
Replies: 123
Views: 11424

Re: Prenup

I view a prenup as a pre-negotiated divorce. You can have it say whatever you want (with some restrictions). For example, you could have it split assets 50/50 down the middle. That might be viewed by both parties as fair and still save the potential headache of one future crazy spouse hiring expensi...
by mac808
Mon Mar 30, 2015 8:59 pm
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 41
Views: 3375

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 do...
by mac808
Mon Mar 30, 2015 5:15 pm
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 41
Views: 3375

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 4:12 pm
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 41
Views: 3375

Re: Ad Blockers

by mac808
Mon Mar 30, 2015 2:47 pm
Forum: Personal Consumer Issues
Topic: Ad Blockers
Replies: 41
Views: 3375

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
Tue Mar 17, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best job offer: startup vs spinoff?
Replies: 18
Views: 1984

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
Sat Mar 14, 2015 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 13364

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
Tue Mar 10, 2015 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Dad buys house for child, later complications
Replies: 14
Views: 2499

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
Sat Mar 07, 2015 6:33 pm
Forum: Personal Consumer Issues
Topic: Is this ethical? [Selling company equipment to be disposed]
Replies: 41
Views: 2450

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 5:51 pm
Forum: Personal Consumer Issues
Topic: Is this ethical? [Selling company equipment to be disposed]
Replies: 41
Views: 2450

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
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: 1626

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
Mon Feb 23, 2015 9:27 pm
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 86
Views: 7915

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
Sat Feb 21, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: How Would You Want Your Estate Divided?
Replies: 43
Views: 4210

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
Tue Feb 17, 2015 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: 5 by Power 5 rule on a trust?
Replies: 17
Views: 2031

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 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: 5 by Power 5 rule on a trust?
Replies: 17
Views: 2031

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 03, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: How do you balance frugality and life?
Replies: 50
Views: 6283

Re: How do you balance frugality and life?

The best things in life are free.
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: 1256

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
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: 8380

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

$10m = $300k/year planning for a 50 year retirement
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: 11778

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
Sat Jan 03, 2015 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Chromebook dedicated to finances?
Replies: 62
Views: 4554

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 Dec 20, 2014 11:04 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 10422

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
Fri Dec 05, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for lock-boxing inheritance for 20 years
Replies: 45
Views: 3909

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
Mon Dec 01, 2014 1:21 am
Forum: Personal Consumer Issues
Topic: Who do you listen to? (Podcast, etc)
Replies: 32
Views: 4333

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
Fri Nov 28, 2014 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Starter Trust for adult child?
Replies: 13
Views: 2181

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
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: 3971

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
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: 3570

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 03, 2014 11:08 am
Forum: Personal Consumer Issues
Topic: is a 1920 x 1200 monitor worth it?
Replies: 15
Views: 1084

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 Sep 19, 2014 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Company Fees
Replies: 22
Views: 1740

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 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Company Fees
Replies: 22
Views: 1740

Re: Trust Company Fee's

How much money are you putting into the trust?
by mac808
Thu Sep 18, 2014 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: A safe full of cash
Replies: 22
Views: 3226

Re: A safe full of cash

[OT comments removed by admin LadyGeek]
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: 7898

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 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: 2447

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
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: 5931

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
Fri Aug 01, 2014 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Trust for Daughter
Replies: 13
Views: 1130

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
Sun Jul 27, 2014 3:20 pm
Forum: Investing - Theory, News & General
Topic: 36 percent decline in net worth
Replies: 38
Views: 6396

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
Mon Jul 14, 2014 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Best Self Directed IRA Custodian?
Replies: 1
Views: 327

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
Tue Jul 08, 2014 1:52 pm
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3841

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
Mon Jul 07, 2014 1:47 pm
Forum: Personal Consumer Issues
Topic: Erasing hard disk that have died
Replies: 40
Views: 3841

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
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: 6725

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
Sun Jun 29, 2014 8:20 pm
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 25528

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 ...

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