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Re: Taking out mortgage with zero down. Smart or no?

In my opinion, young people in their twenties shouldn't buy houses. Houses are for people who are ready to settle down in a career and start a family. I guess I made a mistake, then, buying a house as a single woman at that age. I didn't realize there was some regulation that said single people cou...
by nimo956
Tue Jul 29, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2840

Re: Taking out mortgage with zero down. Smart or no?

I don't see why you want to tie yourself down with a house when you could very well need to be mobile in the coming years. How long have you been working in your current job? Do you plan on staying there for the next 7 years or will you want to switch companies or careers? What if the next job you ...
by nimo956
Tue Jul 29, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2840

Re: Taking out mortgage with zero down. Smart or no?

I don't see why you want to tie yourself down with a house when you could very well need to be mobile in the coming years. How long have you been working in your current job? Do you plan on staying there for the next 7 years or will you want to switch companies or careers? What if the next job you w...
by nimo956
Mon Jul 28, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 63
Views: 2840

Re: Principles for Changing Asset Allocation & Splicing

It is very important that you are comfortable with your asset allocation, and that you understand the reasoning behind why you made certain decisions. There will always be another portfolio that does better than yours, so you need to be able to resist both fear and greed. Imagine a scenario where yo...
by nimo956
Mon Jul 28, 2014 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: Principles for Changing Asset Allocation & Splicing
Replies: 10
Views: 630

Figuring out how much risk you need to take

It's hard for a young person to plan for a retirement that's 40 years away. There are so many unknowns that it's hard to be sure if you are on the right track. If you don't know whether or not you are on the right track, then it's easy to allow behavioral impulses to second guess your investment dec...
by nimo956
Mon Jun 23, 2014 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Figuring out how much risk you need to take
Replies: 4
Views: 564

Re: The usefulness of experts

At the moment I'm not hearing a lot of (contra-actionable) consensus so I'm just holding course but I'll be paying close attention to the year-end predictions next December and I will, once again, allocate a portion of my portfolio to contrarian "bets". It's always in the back of my mind ...
by nimo956
Wed Jun 11, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: The usefulness of experts
Replies: 23
Views: 1746

Re: Accept Job Offer from Company that Filed for Bankruptcy?

OP, not trying to be snarky, but per your signature line, it looks like you invest with the Permanent Portfolio. The whole idea of the PP is to minimize fluctuations and to provide a couch potatoe/all weather strategy based on avoiding bad scenarios... Compare that mindset to this job opportunity a...
by nimo956
Wed Apr 02, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Accept Job Offer from Company that Filed for Bankruptcy?
Replies: 29
Views: 2567

Re: Switching to Treasury Fund

Are there any fees for buying and selling Treasuries directly? It's pretty easy to manage once you learn how to do it.
by nimo956
Sun Mar 30, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching to Treasury Fund
Replies: 9
Views: 1211

Re: young sports stars.. or programmers

I'd bet Google new hires probably get around $120k. The entry level salary keeps rising for top talent. I have a friend at Jane Street Capital that mentioned that even the summer interns get an annualized salary of $125k.
by nimo956
Wed Mar 26, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: young sports stars.. or programmers
Replies: 26
Views: 2569

Re: 25yo, Married, House, Baby, and looking for help!

You can use the money you put in NAESX and VEIPX to fund a Roth IRA for 2013, but you will have to call Vanguard to double-check on the mechanics of how to do it. I'm not 100% certain, but you might have to sell the funds in your taxable (taking either a small loss or gain) in order to open the Roth...
by nimo956
Tue Mar 25, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2005

Re: 25yo, Married, House, Baby, and looking for help!

The Roth 401k vs Traditional is a tricky decision with a lot of moving parts, so let me try to lay out the pros/cons that you might not be aware of. The traditional 401k allows you to avoid paying taxes now at your marginal rate (let's say 25%), but you will have to pay them in the future. The benef...
by nimo956
Tue Mar 25, 2014 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2005

Re: 25yo, Married, House, Baby, and looking for help!

Are you sure you're in the 25% tax bracket? What is your state income tax? Did you know that you could be in the 15% bracket even if your gross income is below $140k? In 2013, the 25% bracket for married filing jointly begins at $72.5k. However, if you add the standard deduction of $12,200, $7800 in...
by nimo956
Tue Mar 25, 2014 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2005

Is it ethical to put this on your resume?

I've worked in a corporate finance role for the past few years since I graduated, and am currently thinking of switching industries. While I do have a solid background in mathematics (including many upper level courses), my actual degree is in the humanities. Many of the openings I see ask for degre...
by nimo956
Thu Mar 20, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it ethical to put this on your resume?
Replies: 27
Views: 3036

Re: $1 million portfolio inWilliam Bernstein's asset allocat

I think you are making this overly complicated with too many funds. I think you'd accomplish much of the same thing by doing the following: 30% Intermediate-term bond fund (BND or BIV) 10% US REIT fund (VNQ) 15% Total Stock Market (VTI) 15% Total International Market (VXUS) 15% Smallcap Value US (VB...
by nimo956
Thu Feb 20, 2014 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: $1 million portfolio inWilliam Bernstein's asset allocation
Replies: 17
Views: 2744

Re: New Book - White Coat Investor

Congrats on the book! From just skimming the preview on Amazon, I can tell it'll be a great read.
by nimo956
Fri Feb 14, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: New Book - White Coat Investor
Replies: 19
Views: 3060

Re: Will interview John Bogle on live radio -- Call-ins welc

Any updates on how to listen to this? If you need a subscription, are you still able to listen to past shows?
by nimo956
Wed Jan 15, 2014 5:25 pm
 
Forum: Investing - Theory, News & General
Topic: Will interview John Bogle on live radio -- Call-ins welcomed
Replies: 8
Views: 880

Best way to exchange USD for vacation?

I'm going on a trip to the UK next week and want to know what the best way is to exchange my dollars for pounds? What method has the least amount in fees? Also, I'm trying to figure out how much cash I will need for a 10 day trip. I have a corporate credit card that I can use for most expenses, but ...
by nimo956
Mon Jan 13, 2014 11:33 am
 
Forum: Personal Consumer Issues
Topic: Best way to exchange USD for vacation?
Replies: 18
Views: 985

Re: Long Term Disability

Looking for Long term disability for my wife as she does not have any at this time. We could afford if she quit working, but the LTD I have through my organization is so very cheap. When I get the following quote I almost flipped. Does this seem quite expensive to anyone else here? My wife is 29 ye...
by nimo956
Fri Jan 10, 2014 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability
Replies: 7
Views: 465

Re: Best choice for 100% Stocks?

Total stock index: 70%
Total international stock index: 30%
by nimo956
Wed Jan 08, 2014 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Best choice for 100% Stocks?
Replies: 48
Views: 4606

Re: What did you do with unwanted baby gear?

Have you tried going to a local church? I bet many have some kind of outreach program to help young single mothers.
by nimo956
Sat Jan 04, 2014 6:04 pm
 
Forum: Personal Consumer Issues
Topic: What did you do with unwanted baby gear?
Replies: 22
Views: 1276

Expected Return of Gold

I've seen it quoted in many places that the expected real return of gold is 0%. Where does this come from exactly? I looked at the actual returns for gold since 1972 posted here: http://www.crawlingroad.com/blog/2008/12/22/permanent-portfolio-historical-returns/ I took inflation numbers from here: h...
by nimo956
Tue Dec 31, 2013 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: Expected Return of Gold
Replies: 44
Views: 3179

Re: ? Private Arrangement for a 6% Annuity/private loan

The effective interest rate on the loan is (1 + 0.06/12)^12 -1 = 6.17%. Currently, 3 year treasuries yield 0.74%, but an individual investor could get a 3 year CD for 1.2% APY. 6.17% - 1.2% = 4.97% default risk premium. You could compare that to corporate bonds with different ratings to see if that ...
by nimo956
Mon Dec 23, 2013 12:51 am
 
Forum: Investing - Help with Personal Investments
Topic: ? Private Arrangement for a 6% Annuity/private loan
Replies: 12
Views: 649

Re: How to respond to request for current salary in an inter

Just to give people an update, I've had two interviews with very divergent experiences. In the first one, I was asked for my salary history and pressed until I gave it. The HR rep seemed a bit disorganized. He hadn't read my cover letter or resume, and just had me basically explain it to him. He did...
by nimo956
Fri Dec 13, 2013 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 7677

Re: What percentage of your income are you saving?

I am 27, and I save 46% of my gross salary.
by nimo956
Thu Dec 12, 2013 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 12463

Re: Search for passive income- through real estate?

Read the post by Lumpr here: viewtopic.php?f=2&t=68979 (you have to scroll down a bit)
by nimo956
Wed Dec 11, 2013 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Search for passive income- through real estate?
Replies: 27
Views: 2140

How to respond to request for current salary in an interview

The question of current salary seems to always come up in interviews for new positions. What is the best way to handle this? I usually work out a few responses beforehand, but HR people seem to just push and push and push until you cave. It is very frustrating. How many ways are there to say no? It ...
by nimo956
Wed Dec 11, 2013 4:46 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 7677

Tax Loss Harvesting a Closed End Fund

Hi, I plan to tax loss harvest for the first time this year, and I want to make sure that my strategy is sound. My shares of GTU, which is a closed end gold fund, have about a $6k loss. When I purchased my shares, I paid about a 5% premium, and today shares are selling for a 7% discount. I'm in the ...
by nimo956
Mon Dec 09, 2013 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting a Closed End Fund
Replies: 1
Views: 117

Re: should my nephew apply to a top-tier university?

I would say that even with excellent SAT scores like those, the chances of getting into Harvard, Yale, Princeton, Stanford, and MIT are random at best. There are just too many qualified applicants. I'd say your nephew has a very good chance though of getting into schools like Cornell, UPenn, Dartmou...
by nimo956
Tue Nov 26, 2013 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: should my nephew apply to a top-tier university?
Replies: 274
Views: 11810

Re: Living in Boston/Cambridge

Beacon Hill is a great place to live, right in the center of all the action. You're right next to Mass General Hospital and one T stop away from Kendall Square, where all the BioTech companies are. Parking would be expensive though. There might be some apts in Kendall Square. It's mostly known as a...
by nimo956
Tue Nov 26, 2013 12:55 am
 
Forum: Personal Consumer Issues
Topic: Living in Boston/Cambridge
Replies: 31
Views: 2226

Re: Living in Boston/Cambridge

Beacon Hill is a great place to live, right in the center of all the action. You're right next to Mass General Hospital and one T stop away from Kendall Square, where all the BioTech companies are. Parking would be expensive though. There might be some apts in Kendall Square. It's mostly known as an...
by nimo956
Mon Nov 25, 2013 3:15 pm
 
Forum: Personal Consumer Issues
Topic: Living in Boston/Cambridge
Replies: 31
Views: 2226

Re: Accept Job Offer from Company that Filed for Bankruptcy?

Thanks for the advice everyone. You've pretty much confirmed what I already felt. I think I'll pass on this job offer for now.
by nimo956
Fri Nov 22, 2013 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accept Job Offer from Company that Filed for Bankruptcy?
Replies: 29
Views: 2567

Accept Job Offer from Company that Filed for Bankruptcy?

Hello, I've received a job offer from a company that filed for bankruptcy a few months ago. The salary is substantially higher than I currently earn, but I'm concerned about stability. My current company is fairly stable with a strong free cash flow, and my job is relatively secure. This new company...
by nimo956
Fri Nov 22, 2013 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accept Job Offer from Company that Filed for Bankruptcy?
Replies: 29
Views: 2567

Re: Bond question

How do you know that you can take on the risk of a 100% stock portfolio? Have you ever lost a serious amount of money before? How would you feel if you lost 10 years worth of savings? No kind of questionnaire is going to tell you what your risk tolerance is. You have to live through it and see for y...
by nimo956
Sat Nov 16, 2013 12:44 pm
 
Forum: Investing - Theory, News & General
Topic: Bond question
Replies: 28
Views: 1359

Re: Looking to purchase a Camera... Any Suggestions

Forget all these digital cameras! If you want to be a real photographer, you should get a large format camera like the one below:

Image
by nimo956
Sun Nov 10, 2013 1:33 am
 
Forum: Personal Consumer Issues
Topic: Looking to purchase a Camera... Any Suggestions
Replies: 71
Views: 3130

Re: "Get out of bond funds"

It's hard to know how to invest without defining your goals first. Given two portfolios of equal return, an investor should choose the one with the lowest risk (ie the least amount of volatility). If you define your goals and realize that you can meet them by investing in 100% cash, why should you a...
by nimo956
Sun Nov 03, 2013 2:32 pm
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 22455

Re: 401k Overcontribution

I had this same concern since my contribution % to hit exactly $17,500 is based on my salary before my raise, so had I not changed the contribution % I would have overcontributed. I asked my employer if they have anything in place to prevent over contributions and their response was no, anything ab...
by nimo956
Thu Oct 31, 2013 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Overcontribution
Replies: 19
Views: 1120

Where to go in Europe in the Winter?

Hey Everyone, I have to go to London for work for about a week in the beginning of January, and I'm planning on extending my stay for about an extra 5 nights. I need some advice on where I should go. These are the things I want: 1. I like to minimize the amount of time I spend travelling, so I'd lik...
by nimo956
Sat Oct 26, 2013 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Where to go in Europe in the Winter?
Replies: 20
Views: 1509

Re: Best careers for people about to enter college?

These types of majors will probably open up the most options in terms of seeking employment post-graduation: Computer Science Math Econ Physics Operations Research and Engineering Electrical Engineering Chemical Engineering Mechanical Engineering That said, as long as you are smart and have a good t...
by nimo956
Tue Oct 15, 2013 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best careers for people about to enter college?
Replies: 69
Views: 5136

Re: Government Shutdown/Default [effect on investments]

The problem with cashing out for a week or two until the problem is resolved is that we don't know that everything will be resolved in that timeframe. I anticipate that the debt limit will be raised for two months or so to get us through to the new year. When all the congressmen get back from their ...
by nimo956
Tue Oct 15, 2013 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Government Shutdown/Default [effect on investments]
Replies: 454
Views: 27531

Re: windfall incoming.clarify the 101 plz (noob bashing wooo

I know you said you have two years until you receive this money, which is plenty of time to formulate a plan, but I just wanted to point one thing out (sorry if it's obvious). When you get this money and are in the process of implementing your plan, you don't want to put this in a bank account becau...
by nimo956
Fri Oct 11, 2013 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: windfall incoming.clarify the 101 plz (noob bashing wooo!)
Replies: 35
Views: 3854

Re: What would a boglehead consider a "good" return?

Real after-tax returns are the only kind that matter. I'd be happy with 3-5% real after-tax.
by nimo956
Thu Oct 10, 2013 5:56 pm
 
Forum: Investing - Theory, News & General
Topic: What would a boglehead consider a "good" return?
Replies: 52
Views: 3531

Re: Portfolio help - company managed 401k

Of course there's a max limit for the 401k. It's set by the IRS. In 2013, employee contributions + employer match + after-tax contributions can be no greater than $51k. Even with the generous match, I would not put a single penny of my money into a 401k I cannot control, let alone one that has all t...
by nimo956
Wed Oct 09, 2013 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help - company managed 401k
Replies: 8
Views: 616

Re: newbie - windfall taxable portfolio advice, help!

If you don't have any IRAs, you should contribute $5.5k for you and your wife to a non-deductible IRA, which you immediately convert to a Roth. Search the wiki for Backdoor Roth. Do this every year.
by nimo956
Wed Oct 09, 2013 7:39 am
 
Forum: Investing - Help with Personal Investments
Topic: newbie - windfall taxable portfolio advice, help!
Replies: 17
Views: 1387

Re: Need a stats expert!

The question was about integrating a probability density function, which really just entailed finding a formula for the cumulative distribution function given x, μ, and σ. I found that for a normal distribution: D(x) = (1/2) * [1 + ERF((x – μ) / (σ * sqrt(2)))] An even simpler solution was to just u...
by nimo956
Wed Oct 09, 2013 7:04 am
 
Forum: Personal Consumer Issues
Topic: Need a stats expert!
Replies: 4
Views: 715

Need a stats expert!

Are there any stats experts that wouldn't mind helping me solve a problem? If so, please feel free to PM me.

Thanks!
by nimo956
Tue Oct 08, 2013 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Need a stats expert!
Replies: 4
Views: 715

Re: Son's first car

Get a used Ford Taurus (now called Fusion). That was my first car when I was 16, and I'm still driving it today, 11 years later! I think I paid $6-7k for it in 2003. It was already 4 years old when I bought it, so it has held up remarkably well. Another thing to keep in mind: the more popular cars h...
by nimo956
Mon Oct 07, 2013 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Son's first car
Replies: 50
Views: 3862

Re: Anyone else freaking about the state of the market?

You shouldn't make any drastic changes to your asset allocation based on pure emotion and gut feeling. As Nisipruis likes to say, if you must make a change wait at least 6 months to do so. By the time the 6 months are up, you will most likely not feel the need to change anything.
by nimo956
Mon Oct 07, 2013 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else freaking about the state of the market?
Replies: 95
Views: 7978

Re: 401(k) Advice

2. I note from the screen shot that your plan allows after-tax (non-Roth) contributions. Does your Fidelity 401k allow the after-tax contributions plus the ability to regularly take distributions/withdrawals of (only) the after-tax contributions? Check your 401k Plan Document and your plan website....
by nimo956
Fri Oct 04, 2013 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Advice
Replies: 34
Views: 3099
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