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Re: High Earners - What's Your Profession?

I used to be an entrepreneur and am now a venture capitalist. both have been extremely lucrative for me but neither are easy to get into if you don't have the right background and are in the right place at the right time. I think the easiest way someone can make $100k without spending ten years in t...
by upsydaisy
Sun Jan 19, 2014 1:17 am
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28293

Re: Real Estate Agent Commission /SF Bay Area / Going Rate

We used Redfin to buy our place in SF a few years ago and they were excellent. It saved us tens of thousands of dollars. While I think there's a stronger argument for an agent on the sell side, I also think the market is so hot right now that if you have a desirable property and your expectations ar...
by upsydaisy
Sat Oct 12, 2013 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Agent Commission /SF Bay Area / Going Rate
Replies: 5
Views: 1046

Re: 529/ESA investing with possible move abroad in the futur

Hi SamLJ, In case you're still active here - did you ever get to the bottom of this? Does the UK HMRC respect 529s or do they get taxed? I'm in a similar position to you and trying to figure out whether to open 529s (have kids and need more tax-efficient space) or wait to see if there's any chance w...
by upsydaisy
Tue Aug 27, 2013 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: 529/ESA investing with possible move abroad in the future
Replies: 6
Views: 1703

Re: I think I just won the game … have I and what do I do ne

What are the yearly property taxes and what are the insurance costs? Does the OP have earthquake insurance? For instance on a 1.5 Million house, that would be at least 1% taxes or $15,000 per year plus bond issues (what did they OP buy the CA house for and is that $1.5 an estimate of what they coul...
by upsydaisy
Wed Jul 17, 2013 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: I think I just won the game … have I and what do I do next?!
Replies: 55
Views: 8130

Re: I think I just won the game … have I and what do I do ne

Hi all, Thanks for the flood of responses. As always, I'm blown away by how much people here want to (and are able to) help. Don't worry about those who appear to 'rain on my parade' .. I've gained too much valuable insight from Call_me_op's posts over the last year to be too disheartened by his cha...
by upsydaisy
Wed Jul 17, 2013 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: I think I just won the game … have I and what do I do next?!
Replies: 55
Views: 8130

Re: Negotiating for a higher salary in a biz development job

There is no way to know what is an appropriate raise to ask for without knowing the industry he's in, age, salary history, sales production figures, etc. Even with that info it's difficult to make a recommendation without knowing the applicant personally and the new employer's general practices. I'...
by upsydaisy
Wed Jul 17, 2013 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negotiating for a higher salary in a biz development job
Replies: 6
Views: 794

Re: Negotiating for a higher salary in a biz development job

I agree with the previous answer on the thread. As someone who hired (and fired) tens, if not hundreds of sales and BD people over the years I was always suspicious of people who were negotiating for a large increase in base. They would have stories similar to yours (pipeline, need to maintain incom...
by upsydaisy
Tue Jul 16, 2013 2:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negotiating for a higher salary in a biz development job
Replies: 6
Views: 794

Re: Financial advice for a newbie high earner

Hi, I have been in a similar position to yours in that I basically earned nothing for years and then, very suddenly, started earning a lot all at once (different career, but same effect). I have just one piece of advice: Try, really, really, really hard, to cling to the lifestyle you already have. C...
by upsydaisy
Mon Jul 15, 2013 10:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 7293

Re: I think I just won the game … have I and what do I do ne

Sorry - people seem to have got the wrong end of the stick with regard to my portfolio. The 50% cash just appeared. Until then I had 50% of my net worth in a second home (which we don't use - it's where we used to live - and so are happy to sell) and 50% in a fairly standard Boglehead portfolio. The...
by upsydaisy
Mon Jul 15, 2013 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: I think I just won the game … have I and what do I do next?!
Replies: 55
Views: 8130

I think I just won the game … have I and what do I do next?!

SOME EDITS FOR CLARITY First of all, a hearty thanks for all the advice shared almost a year ago when I first started posting here. My eventual portfolio (60:40 equity:bonds with weightings towards Emerging Markets, Small Cap US and lots of TIPS on the bond size) was based heavily on your feedback ...
by upsydaisy
Mon Jul 15, 2013 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: I think I just won the game … have I and what do I do next?!
Replies: 55
Views: 8130

Are you adding more risk (in order to get more return)?

It feels like there's a general consensus that major asset classes, whatever direction they go in, may return less over the medium term. This isn't just a regular media thing -- the Vanguard Bonds discussion I listened in on a couple of weeks ago suggested that they were modeling lower than historic...
by upsydaisy
Thu Apr 11, 2013 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Are you adding more risk (in order to get more return)?
Replies: 30
Views: 1849

Re: Month-long visits to American cities

I don't have a huge amount of experience, but I really like the idea. My wife and I are likely to take overlapping career breaks sometime next year and we're very tempted to do something similar for around a year before settling back down into new jobs. A few years ago we did this in Seattle and, tw...
by upsydaisy
Mon Apr 08, 2013 5:46 pm
 
Forum: Personal Consumer Issues
Topic: Month-long visits to American cities
Replies: 52
Views: 4430

Re: Swenson, TIPS and help needed staying the course

2/3 of your net worth is in a single stock? how's that been working out? Well, in my case really well. That stock is in the company that acquired a start-up that I founded with a couple of friends. While we've had to weather through a complex lock-up process, I already sold enough to buy two homes ...
by upsydaisy
Mon Dec 31, 2012 4:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

Re: Swenson, TIPS and help needed staying the course

Your glass is half full. With a diversified portfolio, there are always some assets that are doing poorly, especially those that did well in the recent past. There is no guarantee that any one will do well in the future either. We live in a tough world. Be thankful that you have investments, even t...
by upsydaisy
Mon Dec 31, 2012 3:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

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

I'm 50:50 if that counts. (this includes both a REIT and Small Cap tilt which are both US). Reasons: At the end of the day the US market represents around 45% of all equities, so anything higher than that suggests you're tilting towards the US either due to some belief that valuations in the US are ...
by upsydaisy
Sun Dec 30, 2012 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone more than 50% International Allocation? Reasons?
Replies: 12
Views: 1328

Re: Swenson, TIPS and help needed staying the course

I have said, what seems like hundreds of times, but it is every investors RESPONSIBILITY to understand what each asset and subassets role is in their portfolio. After weighing the risks and benefits that said asset only then it should be included in your portfolio. The problem with "lazy portf...
by upsydaisy
Sun Dec 30, 2012 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

Re: Swenson, TIPS and help needed staying the course

For another article on bonds, you should read the Seeking Alpha interview of Larry Swedroe: http://seekingalpha.com/article/1081411-larry-swedroe-positions-for-2013-resist-the-temptation-to-stretch-for-yield Here's my take which is basically worth as much as any talking head's view: Bonds are not g...
by upsydaisy
Sun Dec 30, 2012 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

Re: Swenson, TIPS and help needed staying the course

I am not familiar with the details of your portfolio. If you can post it here, that would be helpful. For high-quality bonds, the primary factor that determines the risk level is the average duration. If your average duration is 5-6 years or less, I would not worry too much. I seem to recall that S...
by upsydaisy
Sun Dec 30, 2012 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

Swenson, TIPS and help needed staying the course

(EDITED TO CORRECT TYPO AND ADD AA) My AA was modeled on David Swenson's thoughts in Unconventional Success and is, at a high level: REIT 2.2% (VGSLX) US EQUITIES 16% (VTSAX) NON-US DEVELOPED 8% (VDMAX) NON-US EMERGING 12% (VEMAX) US SMALL CAP 1.8% (VTMSX) INTERM US TREASURIES 18.6% (VFIUX) I BONDS ...
by upsydaisy
Fri Dec 28, 2012 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Swenson, TIPS and help needed staying the course
Replies: 16
Views: 1947

Re: What does it feel like to have $1M+ liquid?

It happened very suddenly to me. One day I got a pay check that had the gross sum of $1.32M. Not only was it a One Million Dollar check but, after taxes and added to my other savings, it took me over $1M net worth as I already owned my small apartment. I knew it was coming, so I can't say that it wa...
by upsydaisy
Sun Oct 21, 2012 4:05 am
 
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 13429

Re: Timing I-Bond Purchase

I'm obviously being really dumb here, but how is the current rate 2.2%? The rate I can see on the Treasury website ( http://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm ) seems to suggest the current semi-annual inflation rate is 1.1%? A year consists of two se...
by upsydaisy
Tue Sep 25, 2012 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing I-Bond Purchase
Replies: 36
Views: 3138

Re: TIPS: Inflation protection still has risks.

The way I read this article is that TIPS: a) will do what they are supposed to do (hedge inflation, be super-safe, US government backed instruments) BUT b) Not necessarily be a great asset for those who want the above and additionally need/expect real return on top Does that sound about right? As a...
by upsydaisy
Tue Sep 25, 2012 12:15 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS: Inflation protection still has risks.
Replies: 42
Views: 4276

Re: TIPS: Inflation protection still has risks.

The way I read this article is that TIPS: a) will do what they are supposed to do (hedge inflation, be super-safe, US government backed instruments) BUT b) Not necessarily be a great asset for those who want the above and additionally need/expect real return on top Does that sound about right? As a ...
by upsydaisy
Mon Sep 24, 2012 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS: Inflation protection still has risks.
Replies: 42
Views: 4276

Re: Timing I-Bond Purchase

I believe the CPI figures released thus far would put the next 6 month adjustment at around 1%, compared with the 2.2% rate that is currently in effect. Note that I'm referring just to the semiannual inflation rate, not the fixed rate which is currently 0% and is expected to remain there. If I hadn...
by upsydaisy
Mon Sep 24, 2012 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Timing I-Bond Purchase
Replies: 36
Views: 3138

Re: 21 ways rich people think

Given this forum and its views on the finance industry, I thought this one was good:

10. Average people believe you need money to make money. Rich people use other people's money.


I'm reading Where are all the customer's yachts? and this point gets made over and over.
by upsydaisy
Fri Sep 07, 2012 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: 21 ways rich people think
Replies: 84
Views: 8722

Re: 529s: multiple in one year and rules for giving to spous

Wow -- thanks all for what has been a very detailed look into this. I think for my purposes, it feels fairly straightforward. Per the various comments I think I will: 1) Set up one 529 (529_1) for Child1 (funded by both my wife and I for $130k in total, funded today, but essentially a pro-rated gift...
by upsydaisy
Thu Aug 30, 2012 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529s: multiple in one year and rules for giving to spouse?
Replies: 25
Views: 952

Re: 529s: multiple in one year and rules for giving to spous

Yes, my original post wasn't clear. I'm referring to the 5 year 'all in one' option. So it sounds like I can definitely open a 529 each for the kids and gift each $130k (assuming we then don't gift them anything more for the next five years) and separately also open a 529 for my wife and simply fund...
by upsydaisy
Tue Aug 28, 2012 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529s: multiple in one year and rules for giving to spouse?
Replies: 25
Views: 952

Re: Vanguard 500 [is it a good time to invest?]

You will find most people here don't believe in market-timing and so will say there's no point worrying about whether right now is a good time or bad time. As others have suggested, check out the Wiki to look at diversification which will help you if one investment (eg the S&P 500) goes down dra...
by upsydaisy
Tue Aug 28, 2012 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard 500 [is it a good time to invest?]
Replies: 31
Views: 3621

Re: Mini Vacation Ideas

I am wanting to take my wife somewhere during her fall break in early October. She is a first year teacher and will definitely appreciate some time away to relax. I currently have two free nights to any Hyatt hotel, so would prefer this hotel chain. We have thought about San Francisco or Chicago. A...
by upsydaisy
Tue Aug 28, 2012 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Mini Vacation Ideas
Replies: 15
Views: 1319

529s: multiple in one year and rules for giving to spouse?

Hi all, This may be a little specific, but as I don't have a CPA right now, thought I'd see if anyone here had seen/tried something similar. I want to open three 529s -- one for each of my kids (both under 5) and one for my wife (we believe we will have a third child and plan would be to switch to h...
by upsydaisy
Tue Aug 28, 2012 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: 529s: multiple in one year and rules for giving to spouse?
Replies: 25
Views: 952

Re: More bad news for muni bonds

If you look up Moody's ratings of Stockton (I can't seem to make a link so just Google "Moody's stockton CA ratings" and its the second or third hit), you'll see that as recently as 2007 (five years ago), Moody's gave the city a AA rating. If you then look at Vanguard's CA Intermediate Tax...
by upsydaisy
Tue Aug 21, 2012 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: More bad news for muni bonds
Replies: 31
Views: 3585

Re: Portfolio help (dealing with a two-phase windfall)

Paraphrasing one more thought lifted from another board. It may apply to you: "For those of means, it would be foolish to waste 529 money on college." Meaning, a 529 is a wealth transfer and estate planning tool for the wealthy first, and a good way to pay for college second. Fill it up, ...
by upsydaisy
Tue Aug 14, 2012 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: Portfolio help (dealing with a two-phase windfall)

Sorry for not responding for a while, was away on vacation. Thanks for all the advice and thoughts. I'm going to spend a few days re-spinning all of this, but I think the high-level takeaways/changes I'm gong to make are: 1) Remove REITs entirely (too tax-inefficient and given we have multi-continen...
by upsydaisy
Fri Aug 10, 2012 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: What was Your Starting Salary Out of College?

I made $75k/yr in 2000 ... adjusted that's $99k.

It was the highest paying job I got offered and I got really excited taking it, flying out, starting a new life and everything else. Then, just five months in, the dot-com boom crashed and we all got laid off! :oops:

Learnt a few lessons...
by upsydaisy
Fri Aug 10, 2012 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Your Starting Salary Out of College?
Replies: 151
Views: 8730

Re: Google Fiber

Google Fiber ...Good for your cholesterol levels too! (sorry, couldn't help myself) I live in Kansas City. How do all you New York, California snobs like me now!? :) :) :) I toast your good fortune! :sharebeer In the Bay Area it's almost impossible to make a cell phone call without interruption any...
by upsydaisy
Fri Jul 27, 2012 3:11 pm
 
Forum: Personal Consumer Issues
Topic: Google Fiber
Replies: 42
Views: 3829

Re: Portfolio help (dealing with a two-phase windfall)

For the rest of your nominal bonds that have to sit in taxable space, look at VCADX, the CA intermediate-term bond fund. I was going to use VWITX (Intermediate Term Tax-Exempt). Obviously all the non-CA bonds in there are subject to CA income tax, but that's a lot lower than Federal and it means I ...
by upsydaisy
Fri Jul 27, 2012 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: Non frugal vice

Well, true. I am thinking about buying a new car though! 2012 Honda Fit, would be sweet. I'd love to have one but I don't think I'll be able to convince myself to pull the trigger. If it helps, we bought a 2008 Fit and LOVE IT. Amazingly small on the outside, huge on the inside (Tardis-like, if you...
by upsydaisy
Fri Jul 27, 2012 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non frugal vice
Replies: 107
Views: 12124

Re: Portfolio help (dealing with a two-phase windfall)

Thanks letsgobobby -- all super useful and clear. I'll post back once I decide what to do in the final analysis!
by upsydaisy
Fri Jul 27, 2012 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: Portfolio help (dealing with a two-phase windfall)

Thank you both for your replies! Move international stocks to taxable in order to claim foreign tax credit. Thanks -- that makes total sense. But you also need the retirement space for REITs and that is even more important or your REIT income will be taxed at 53.7% beginning in 2013. Do you have TIP...
by upsydaisy
Fri Jul 27, 2012 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: Bernstein: T-Bills Pack A Special Punch

Thanks TFB! I was hoping for a lazy structure in my portfolio so that I could leave the assets in one place, as changing location depending on rates sounds like enough effort to potentially lead me to mess it up ... BUT, that's probably me being too lazy for my own good. In a way, reading between th...
by upsydaisy
Thu Jul 26, 2012 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: T-Bills Pack A Special Punch
Replies: 7
Views: 1694

Re: Bernstein: T-Bills Pack A Special Punch

Out of interest -- what's the Boglehead view on where to keep T-bills? On the one hand, they are bills so presumably a tax-deferred account would be best, on the other hand, they are free from state tax, so if you're in a high state-tax, maybe better in a taxable account? Is there an easy answer? If...
by upsydaisy
Thu Jul 26, 2012 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: T-Bills Pack A Special Punch
Replies: 7
Views: 1694

Re: a broker for non-u.s resident

I do not have any experience of the two brokers you list.

Are you a non-resident alien who is based in the US for tax purposes? If so most regular retail bank brokerages should work (eg Citi or Chase).
by upsydaisy
Thu Jul 26, 2012 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: a broker for non-u.s resident
Replies: 9
Views: 1273

Portfolio help (dealing with a two-phase windfall)

Hi all, First of all, even before a single response to this, I have to say thanks for all the amazing insight I’ve gleaned by lurking here over the last three months. Before that I read pretty much all of the standard BH literature, but I kept coming up with random questions and once I found the for...
by upsydaisy
Wed Jul 25, 2012 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help (dealing with a two-phase windfall)
Replies: 16
Views: 1718

Re: The evolution of investing over the decades...

Actually, I don't. Investments are very specific in that you provide capital in exchange for a share of profits. The reason Kickstarter works is that the recipient is essentially begging. There is no requirement that the project even happen. When you have investments, there is whole new area of reg...
by upsydaisy
Tue Jul 17, 2012 3:01 am
 
Forum: Investing - Theory, News & General
Topic: The evolution of investing over the decades...
Replies: 30
Views: 3561

Re: The evolution of investing over the decades...

But today, sites like KickStarter are effectively letting people 'invest' in random, venture-style projects at pretty much any price-point they want to. It's not fully there yet, but you can see it going that way. The projects I've seen on Kickstarter haven't been investments in any meaningful sens...
by upsydaisy
Mon Jul 16, 2012 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: The evolution of investing over the decades...
Replies: 30
Views: 3561

Re: The evolution of investing over the decades...

As the previous poster said, I think the biggest difference will be that more 'normal' people will get access to asset classes that are currently off-limits. Just a couple of examples from my industry (Silicon Valley/hi-tech): 1) Venture Capital: this has generally been too expensive for all but the...
by upsydaisy
Mon Jul 16, 2012 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: The evolution of investing over the decades...
Replies: 30
Views: 3561

Re: Do Bogleheads buy nice suits?

I think suits are a little asymmetric from an investment perspective (presumably the perspective that is most appropriate for this community!). I would either spend less than $300 or invest more than $3k. My parents are British and I lived there for a while as a child and, with the sartorial culture...
by upsydaisy
Mon Jul 16, 2012 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads buy nice suits?
Replies: 87
Views: 7354

Re: Non frugal vice

Like many others, travel is a big one for us, but I don't see it fully as a vice as most of our family lives in Europe, so it's almost essential to ensure the kids have a relationship with their grandparents and cousins! The other big one for us is food. Before the kids, that meant nice dinners out ...
by upsydaisy
Mon Jul 16, 2012 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Non frugal vice
Replies: 107
Views: 12124

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