Search found 40 matches

by Ancal
Wed Mar 21, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to think about AA with company stock
Replies: 19
Views: 970

Re: How to think about AA with company stock

I'm in a similar boat – I own stock (exercised options) in a non-public company with no way to liquidate until there's a liquidity event. I compensate by multiplying the current FMV of the stocks I hold by a "risk factor," then treating that as a domestic-stock allocation. So say I estimate a 10% ch...
by Ancal
Wed Mar 21, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Buy individual stock to maintain my honor?
Replies: 22
Views: 2622

Re: Buy individual stock to maintain my honor?

What about donating the money to charity, as others have suggested, but doing so in the name of the companies – and then writing to them saying they may deduct the $20k from their tax burdens?
by Ancal
Tue Mar 20, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day
Replies: 42
Views: 4830

Re: Facebook's slide cost Mark Zuckerberg $6.06 billion in one day

Facebook isn't cool anymore for young people because Grandma is on there to see their drunk party pics. They are leaving for sites like Snapchat. Take a look at SNAP's stock chart since it went public last spring. Snapchat is in trouble. Facebook basically copied all its functionality into Instagra...
by Ancal
Mon Mar 19, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 19
Views: 1504

Re: Exercise ISOs or walk away?

I would definitely not hold. I'm pretty confident that no exit will occur before I reach the threshold for LTCG but if it did I would pay the short term rate. Not a major factor, but you may want to keep in mind that if the company carried out an IPO, you would almost certainly be subject to a lock...
by Ancal
Fri Mar 16, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 19
Views: 1504

Re: Exercise ISOs or walk away?

My taxable income will be below 150k and the accountant I spoke with suggested before I did the math that I probably wouldn't owe any AMT. But please feel free to poke holes in the above in case the accountant I consulted misspoke. My most recent grant was a year ago, and that strike price was doub...
by Ancal
Thu Mar 15, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 19
Views: 1504

Re: Exercise ISOs or walk away?

This is a difficult decision. Basically, can you treat the price of exercise as a speculative investment? That is, would you be putting money in that you could afford to lose? Also, I'm VERY skeptical of your claim that exercising will not trigger AMT. If these are actually ISOs (vs nonqualified opt...
by Ancal
Thu Mar 15, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5831

Re: Donations to your enrolled public school

Do you still take the federal tax deduction for teachers who buy school supplies out of pocket? I have a couple friends who are teachers, and it seems to be an automatic thing with them. I wish I could control my spouse's spending like you apparently can. :) The deduction is $250 which is less than...
by Ancal
Mon Mar 05, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5831

Re: Donations to your enrolled public school

Our school has generally requested the equivalent of a month's tuition in daycare/preschool (annually), and we're happy to pay that. Brings it into perspective when we are giving up 1/12 of what we used to!
by Ancal
Fri May 26, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: AirBNB payment policy
Replies: 14
Views: 1807

Re: AirBNB payment policy

jabberwockOG wrote:AirBNB, Homeaway, VRBO are now all owned by same company headquartered in Austin, Texas.
No, not true. Homeaway (a public company) purchased VRBO. Airbnb is a private company headquartered in San Francisco.

Edit: Homeaway has since been purchased by Expedia (another public company).
by Ancal
Sun Apr 17, 2016 12:50 am
Forum: Personal Consumer Issues
Topic: Advice on servicing/doing cosmetic work on a newish car?
Replies: 14
Views: 1492

Re: Advice on servicing/doing cosmetic work on a newish car?

Thank you everyone - I do appreciate the helpful advice! Immediate plan of action is to find a reputable local mechanic and get a scheduled service done ASAP. (I do know how to change tires and have been checking/re-upping tire pressure periodically.) Grateful for everyone putting me on the right tr...
by Ancal
Thu Apr 14, 2016 5:51 pm
Forum: Personal Consumer Issues
Topic: Advice on servicing/doing cosmetic work on a newish car?
Replies: 14
Views: 1492

Re: Advice on servicing/doing cosmetic work on a newish car?

Thanks, this is super helpful! I can Google, but is there a good way to know when tires/brakes are wearing out other than observation? And it's OK to go to a local mechanic rather than a dealer...right? :)
by Ancal
Thu Apr 14, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Advice on servicing/doing cosmetic work on a newish car?
Replies: 14
Views: 1492

Advice on servicing/doing cosmetic work on a newish car?

Hello all. Please bear with my silly questions; I'm having trouble separating the essentials of car ownership from the upselling. In late 2013, I bought a new car. For the first year, I adhered to the owner's manual's recommended servicing, which matched the dealership's advice. I even took the car ...
by Ancal
Tue Mar 17, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best job offer: startup vs spinoff?
Replies: 18
Views: 2531

Re: Best job offer: startup vs spinoff?

First off, congrats—you are in a great position. Is your 1.2% share of the company after full vesting, or is it what you have already vested? How confident are you in (a) your company's growth and (b) a liquidity event that will enable you to cash in on your equity? How confident are you in the Fort...
by Ancal
Fri Mar 13, 2015 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2853

Re: Professional tax advice - when is it worth it?

This is obviously too late, but sounds like you filed your 83(b) for stock options on a private company and now owe a bunch on the excise price without being able to sell shares. I'm surprised the taxes/excise is more than your networth though. The general recommendation I've seen is to file the 83...
by Ancal
Wed Mar 04, 2015 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2853

Re: Professional tax advice - when is it worth it?

Thanks for all the advice! The feedback from CPAs here is what I figured - they don't "check work," they prepare returns from scratch. As I'd expect them to! For those wondering how I owe more in taxes than I have, it's pretty simple. Under the AMT, the difference between a stock option's strike pri...
by Ancal
Mon Mar 02, 2015 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2853

Re: Professional tax advice - when is it worth it?

Thanks Kevin - that's worth a try! Although I don't know if the pro will find "reviewing" my situation any less burdensome than doing it from scratch, since if they do it properly they'll pretty much have to go end to end.
by Ancal
Mon Mar 02, 2015 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Professional tax advice - when is it worth it?
Replies: 25
Views: 2853

Professional tax advice - when is it worth it?

Hello Boglers! I realize this question may be nearly impossible to answer, but I'm struggling with the decision to fork over a fair bit of cash for competent tax advice vs using my own research and TurboTax. My situation is slightly complicated. Owing to an ISO exercise, I owe federal and state AMT....
by Ancal
Wed Sep 03, 2014 1:23 pm
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 4007

Re: Travel Insurance for a "trip of a lifetime"

+1 for World Nomads. Well priced and easy to deal with. I've never filed a claim, but friends who have have had good experiences.

("Have have had" is such a cool grammatical construction.)
by Ancal
Mon Aug 25, 2014 3:23 pm
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 16344

Re: Zegna Suits

Personal experience. Hope it's helpful. I got married in a Zegna suit. It is by far the most expensive article of clothing I've ever owned. I'm a T-shirt and shorts kind of guy. I buy new shoes when my old ones are LITERALLY falling apart (eg holes in the soles). I don't regret it one bit. I loved t...
by Ancal
Mon Aug 25, 2014 2:20 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 268
Views: 68520

Re: My New Car Buying Tips

Just to chime in - I used a very similar technique to the OP's when purchasing my new car last year. It worked like a charm. I'm not sure I agree with the objections here around relationships or time. I live in a big city, so a relationship with a dealer means absolutely zero. The service department...
by Ancal
Sun May 11, 2014 1:18 am
Forum: Personal Consumer Issues
Topic: Anyway around apartment lease rip off?
Replies: 30
Views: 2502

Re: Anyway around apartment lease rip off?

I'm not sure I understand the bits about "keep the keys." The landlord will have their own copy, of course, and even if somebody steals them and melts them down they, as the owner, have the legal right to have the old locks drilled out and new ones installed. Depending on city and state, this may n...
by Ancal
Fri May 09, 2014 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Making extra cash
Replies: 38
Views: 5329

Re: Making extra cash

The organizational part also comes into play when you're juggling 5 new cards you applied for last week, each with a different spending requirement and deadline, a different bank login etc, and then having to remember when to cancel or downgrade those cards before getting hit with the annual fee (t...
by Ancal
Thu May 08, 2014 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Re: Need help thinking through exercising options

Also, esofund is not a loan. They give you the money in exchange for a percentage of eventual proceeds. In my circle of friends, there are a couple of people who have had positive experiences with them. Thanks! I will definitely check them out. If there is no public or secondary market for a stock,...
by Ancal
Thu May 08, 2014 1:15 pm
Forum: Personal Consumer Issues
Topic: Best way to send flowers?
Replies: 15
Views: 2957

Re: Best way to send flowers?

Thanks - all good tips! A colleague just told me about Farmgirl Flowers, which is SF Bay Area–specific, but might have analogs around the country. Looks like a pretty fair deal, though not much cheaper than the big players.

I would definitely go for the personal delivery if I were anywhere close!
by Ancal
Thu May 08, 2014 12:59 pm
Forum: Personal Consumer Issues
Topic: Best way to send flowers?
Replies: 15
Views: 2957

Best way to send flowers?

With Mother's Day coming up, I've been trying to figure out the best way to get flowers to mom and grandma. I've used the big sites before (800 Flowers, FTD, etc), but I often feel ripped off by them. They tack on a huge amount for delivery and "service fees," the final arrangement rarely resembles ...
by Ancal
Thu May 08, 2014 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 15576

Re: CNBC - 4% doctors are millionaires!!

What is interesting is that JD and MD are roughly the same proportion of the millionaires out there. They both require postcollege education at the similar level of years, would think similar levels of debt, and later years of starting on saving. I would assume though that the median salaries of ph...
by Ancal
Wed May 07, 2014 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Re: Need help thinking through exercising options

@ValueThinker - thank you, that's very helpful context.

@brogrammer - i like your way of framing the scenario. It involves the irrational "it's mine already, i just have to pay for it" mindset.

@kevinpet - yes, I'll get help. It's potential a large amount of wealth forgone.
by Ancal
Fri May 02, 2014 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Re: Need help thinking through exercising options

I'd really explore this. There's gotta be some kind of secondary market or arrangement that you could find for someone to take out risk. Smart advice. Thanks. Let's say that your strike price is $3. Let's say that you think the value is $10. Let's say that the majority shareholders get together to ...
by Ancal
Fri May 02, 2014 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Re: Need help thinking through exercising options

Thanks once more, to both of you! I think I've narrowed down the infinite spectrum of choices down to a few alternatives: a. Do nothing (let the options expire) and just live my life knowing it'll be ok. b. Spend as much (purchase + taxes) as I can comfortably afford, gaining potential upside but ke...
by Ancal
Thu May 01, 2014 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Re: Need help thinking through exercising options

Thanks so much for the advice! Exercising to the point of no debt seems to make sense, although there will always be part of me that thinks, "What if?" Really appreciate your thoughts.
by Ancal
Thu May 01, 2014 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need help thinking through exercising options
Replies: 16
Views: 2161

Need help thinking through exercising options

***Updated: I've exercised all the options and am now considering what to do next. If interested, see post on July 23 below.*** Hi folks! I have a financial issue that's doing my head in, and I would greatly appreciate any advice or suggestions. I recently left a company and have a short window in w...
by Ancal
Fri Apr 12, 2013 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: First Post - seeking wisdom on job (long, sorry)
Replies: 36
Views: 5150

Re: First Post - seeking wisdom on job (long, sorry)

I'm a supervisor at a Bay Area/Silicon Valley tech company. First off, it's tragic that the conclusion you've come to in this thread is to blame yourself. Obviously you have agency and power in this situation, but you should also recognize that you're being dealt a poor hand. Any team member who cre...
by Ancal
Tue Apr 09, 2013 1:45 am
Forum: Personal Consumer Issues
Topic: San Francisco with kids?
Replies: 39
Views: 2990

Re: San Francisco with kids?

Another San Francisco parent here! You're going to have an awesome trip. Two sites that haven't been mentioned are the Children's Creativity Museum at Yerba Buena Gardens and Children's Fairyland , across the Bay Bridge in Oakland. (Yes, Oakland is cool now!) An option when traveling with the family...
by Ancal
Mon Feb 11, 2013 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: If can no longer invest in Roth IRA...?
Replies: 13
Views: 2342

Re: If can no longer invest in Roth IRA...?

AFAIK, the Roth income limits refer to compensation income, not investment income and the like. Rental income is excluded when determining Roth eligibility.
by Ancal
Mon Feb 11, 2013 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: MESSY portfolio! How to reallocate?
Replies: 6
Views: 1145

Re: MESSY portfolio! How to reallocate?

Thank you for all the incredibly helpful responses. I am much clearer about what I need to do now. I will probably not sell any of the taxable accounts (as I have gains in all of them), and instead try to "mimic" the total-market equivalents by reallocating. I will also try to up my bond percentage ...
by Ancal
Sun Feb 10, 2013 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: MESSY portfolio! How to reallocate?
Replies: 6
Views: 1145

MESSY portfolio! How to reallocate?

Hi! We are a couple who moved to the USA from Australia, along with our now three-year-old kid, just over a year ago. I had a tiny amount of money in retirement accounts from early days in low-paying jobs in the States, but we started basically from scratch when we moved. I was excited by Vanguard f...
by Ancal
Tue Jan 29, 2013 9:02 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads view "lottery tickets" (illiquid equity)?
Replies: 16
Views: 1626

Re: How do Bogleheads view "lottery tickets" (illiquid equit

I would have presumed for a company that is not floated, that is issuing shares as part of a compensation package, that you would be getting a percentage of a company (which may or may not then be worth anything in the future). Which would mean that it has some value. (i would still value it is Zer...
by Ancal
Tue Jan 29, 2013 7:29 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads view "lottery tickets" (illiquid equity)?
Replies: 16
Views: 1626

Re: How do Bogleheads view "lottery tickets" (illiquid equit

Thank you for the thoughtful responses! I suppose it's grok87's point that is holding me up on this. If the options should be value at zero for investment purposes, why should they have a positive value when considering whether it's worth taking (or holding on to) a job? That thinking seems emotiona...
by Ancal
Tue Jan 29, 2013 6:22 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads view "lottery tickets" (illiquid equity)?
Replies: 16
Views: 1626

How do Bogleheads view "lottery tickets" (illiquid equity)?

Hi Bogleheads! First thread I've started. Hope it's not too stupid. :) I work for a tech company that offers stock options as part of its compensation. These options are completely illiquid until a "liquidity event" (eg an IPO), and even then, they may have zero value (eg if the market share price i...
by Ancal
Wed Jan 23, 2013 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying first house in Bay Area, with 1 mo. old child
Replies: 24
Views: 3339

Re: Buying first house in Bay Area, with 1 mo. old child

We are in a similar situation. A couple of thoughts to add to others' excellent feedback: 1. Although the SF school system is a lottery, you do have some choice. Generally everyone tries to get their kid into the top-ranked schools on greatschools.org, which use test score data as a primary input. H...