Search found 125 matches

by Dumbo
Wed Sep 21, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Well, out of all this I think we can safely presume we are at or near peak with 0 down 0 PMI deals going on, this is not normal, and I'm thinking in accordance to that. I'm just trying to see if I can use this to my advantage somehow, but it seems like a safer bet would be to use my cash on 20% down...
by Dumbo
Wed Sep 21, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Just restate op's question, what's the worst case scenario that can happen to OP if the bubble bust? He lose his job, he can't afford the mortgage he can just walk away. Bad credit for 7 years where the upside is if the bubble continues, he can make out 20% or more and have some equity in the place...
by Dumbo
Wed Sep 21, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Ok, well can we stick to the topic at hand, which is what exactly is bad about this idea and how could it be risky for me? It literally requires no skin in the game from me. I think it's awful for the banks, but that's not my decision to make. 1. How much is insurance on such a property? SF is eart...
by Dumbo
Wed Sep 21, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

I would say don't buy. You work in tech in a city focused on tech currently. If the tech bubble bursts (and looking at the insane valuations companies like Uber are generating with disgustingly bad negative margins, it possibly will), you could find yourself out of a job or in a much lower salaried...
by Dumbo
Wed Sep 21, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Not trolling, you can look at my past posts. What part of the country do you live in, are you familiar with the housing market in SF? My alternative is renting a studio at $2500 a month. You yourself say that this "screams bubble." You then say you'll leave SF in 3-5 years. That's short t...
by Dumbo
Wed Sep 21, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Ok, well can we stick to the topic at hand, which is what exactly is bad about this idea and how could it be risky for me? It literally requires no skin in the game from me. I think it's awful for the banks, but that's not my decision to make. I can afford the rent, I don't have debt. My current ren...
by Dumbo
Wed Sep 21, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

Not trolling, you can look at my past posts. What part of the country do you live in, are you familiar with the housing market in SF? My alternative is renting a studio at $2500 a month.
by Dumbo
Wed Sep 21, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 861

Do I go for 0% down, no PMI, on a mortgage in SF?

I work and live in SF in the tech sector, with a salary of mid 100's. I'm at a point where I need to find a new apartment and after moving around a lot and having read this one article online about tech workers and workers in general in SF being able to do 0% down on up to 2 million loans with NO PM...
by Dumbo
Wed Aug 24, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 3955

Re: Concerned I'm investing at peak

Suggest you do some reading in the Wiki and here and look for recommended books so you can read one or two. Here is a free quick start pdf: https://www.etf.com/docs/IfYouCan.pdf It is good to plan your overall portfolio using low-ER Total Market funds when possible. Vanguard (and some others) Total...
by Dumbo
Wed Aug 24, 2016 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 3955

Re: Concerned I'm investing at peak

Wow what fantastic replies, thanks everyone! It helped assuage some of my concerns. Did you have some of this money when the markets were lower earlier this year? If so, why did you not invest it then? I had a different financial picture early this year, I was working remotely and traveling the worl...
by Dumbo
Wed Aug 24, 2016 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned I'm investing at peak
Replies: 31
Views: 3955

Concerned I'm investing at peak

I have some 7-10k I plan to invest into various securities in my brokerage account (which already has 15k invested). This is basically money in excess of my rainy day savings and 401k and IRA contributions. I just don't want it sitting there collecting dust so I was going to allocate it into things ...
by Dumbo
Sat Jul 16, 2016 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Investment Ideas for tax efficiency
Replies: 8
Views: 656

Re: Investment Ideas for tax efficiency

finite_difference wrote:VTSAX (Vanguard Total Stock Market) is very tax efficient, so you could hold that plus muni bonds in your taxable account.


Already hold that in my 401K :)
by Dumbo
Sat Jul 16, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Investment Ideas for tax efficiency
Replies: 8
Views: 656

Re: Investment Ideas for tax efficiency

I am new to this, but wouldn't an HSA account give another tax shelter? Also,if you are retiring before the age requirement for tax deferred accounts to be liquidated without penalty, isn't there specific things to do to prepare for that? I don't believe we have an HSA, I'm worried about putting mo...
by Dumbo
Sat Jul 16, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Investment Ideas for tax efficiency
Replies: 8
Views: 656

Re: Investment Ideas for tax efficiency

$17,000 - stocks/bonds in a normal brokerage account (I just buy and hold primarily for the around 5% dividend (reinvested) I get from them) This is not well diversified, right? A few stocks and bonds? Also, in your taxable account you ought not reinvest the earnings. No debt Excellent!!! tax free ...
by Dumbo
Fri Jul 15, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Ideas for tax efficiency
Replies: 8
Views: 656

Investment Ideas for tax efficiency

Hi gang, it's been a while but I need more help and input into my finances now. This is my current financial situation: $30,000 - cash $42,000 - 401k $17,000 - stocks/bonds in a normal brokerage account (I just buy and hold primarily for the around 5% dividend (reinvested) I get from them) $9000 - r...
by Dumbo
Tue Aug 25, 2015 6:41 pm
Forum: Investing - Theory, News & General
Topic: New Investors - First Correction?
Replies: 45
Views: 4667

Re: New Investors - First Correction?

I think that in one of the books I read, probably Goldstein, he mentioned to expect 5-7 black swan events in your lifetime which are nearly catastrophic financial collapses. Once you accept and expect that these occur on average once a decade then it's relieving to know when they do happen that it's...
by Dumbo
Wed Aug 19, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Quitting my job.
Replies: 107
Views: 19337

Re: Am I crazy? Quitting my job.

My only addition is that it's not necessarily a choice of leave now or stay 3 years, can you stay for 6 months until the baby is born? Once that happens you'll be a lot busier. The thing that bothers me the most is the literal life-or-death decision you're making every day with you and your family. ...
by Dumbo
Fri Jun 19, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 1152

Re: Help with filing form 83(b)

This is lifted from my offer directly: Stock Options (Profit Interest Plan). The Company will recommend to its Board of Directors (the “Board”) that you be granted 20,000 (twenty thousand) Series B Units (the “Grant Units”) effective on the Date of Grant (as defined in the 2014 Profits Interests Pla...
by Dumbo
Fri Jun 19, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 1152

Re: Help with filing form 83(b)

I'm doing more research on this and though normally I feel confident about these things, the consequences of 83B seem a bit too complicated for me to leave to chance so I may just hire an accountant to help make a recommendation on what to do with my grant. @MrBachelor, are you saying then that I'd ...
by Dumbo
Fri Jun 19, 2015 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Help with filing form 83(b) [Restricted stock transfer]
Replies: 10
Views: 1152

Help with filing form 83(b) [Restricted stock transfer]

I started a job two weeks ago at a startup where I was granted 20,000 shares. They're on a 4 year vesting schedule with 1 year cliff where I'll get 25% (5000) shares at 1 year mark. My offer letter doesn't spell out what the shares are worth but people at work are saying they are priced about $1.80 ...
by Dumbo
Fri Jun 12, 2015 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

I've heard about investors rolling property purchases for tax reasons. I googled and found this: "If you own an investment property, you can sell your property at a profit and roll your money over into another property within 60 days without having to pay capital gains taxes at all – a transac...
by Dumbo
Fri Jun 12, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

Not to be anecdotal, but on the peninsula I passed on a townhome in November which sold for 850 all cash. It just went back on the market, no new renovations because it was perfectly remodeled, and sold for 1.02 million. Another townhome complex I was tracking kept having units sell for 30k more th...
by Dumbo
Fri Jun 12, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

So I'm finding out more details about this property my buddy bought in that original post. It was purchased in March 30th for 380k and the "investor" is selling it now in June for 550... I don't understand how anything could have appreciated that much in 2 months and he didn't do any impro...
by Dumbo
Wed Jun 10, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

It sounds like your a ways off from saving a down payment. Maybe set some savings goals and check out the occasional open house to get a feel for what you want. By the time you have enough money to buy, you can re-visit the decision. Maybe the market will have crashed by then. Maybe you'll have a f...
by Dumbo
Wed Jun 10, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

I'd consider relocating but only to San Diego, LA or Austin, those are pretty much the only cities with the type of climate I like. Also for my particular skillset a lot of talent is here in the Bay Area so it really makes sense for me to be here, my skills are in demand and the number of fantastic...
by Dumbo
Wed Jun 10, 2015 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

I'd consider relocating but only to San Diego, LA or Austin, those are pretty much the only cities with the type of climate I like. Also for my particular skillset a lot of talent is here in the Bay Area so it really makes sense for me to be here, my skills are in demand and the number of fantastic ...
by Dumbo
Tue Jun 09, 2015 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

I think I read somewhere that only 600 homes get listed per month in Bay Area. I imagine it will be easy to find 600 very well off people among 2.5 billion Chinese and Indians combined alone who are looking to park their money in a safe American asset.
by Dumbo
Tue Jun 09, 2015 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1559

Re: 401k with no matching

I haven't received my fund options yet so I'll update accordingly with those once I get them. I'd be in the 28% tax bracket. I held a job for first half of the year in the same tax bracket as well. It had a 401K match and I contributed about 5 grand to that already I think. I take it the 18k max con...
by Dumbo
Tue Jun 09, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

expat wrote:As part of any bubble, your friends will be buying and telling you what a great deal it is and how you are missing out.

You won't hear from them when the bubble bursts.


It just feels like being a prudent saver and fiscally conscientious is a huge detriment in this area.
by Dumbo
Tue Jun 09, 2015 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Re: Buying in Bay Area (redux)

I had a topic at the same time on the same subject. Unfortunately, in the meantime, prices have continued their extremely quick rise. And rents are still rising >10% per year. Entry level houses in the area we are looking are $1.3 M and up. Buying a house feels even more out of reach now than it di...
by Dumbo
Tue Jun 09, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1559

Re: 401k with no matching

Yes to 15% contribution or yes to "some" contribution?
by Dumbo
Tue Jun 09, 2015 10:24 am
Forum: Investing - Help with Personal Investments
Topic: 401k with no matching
Replies: 13
Views: 1559

401k with no matching

Started a new job yesterday (yay) at a startup, but the company isn't doing any matching on my 401k until after Jan 1 at least. Do I still defer 15% of my income into a 401k even w/o a match, or pick a smaller percentage or just nothing at all? An IRA is going to be only 5500 so that's still a lot o...
by Dumbo
Tue Jun 09, 2015 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 72
Views: 10212

Buying in Bay Area (redux)

I brought up this topic several months ago but I think I need a sanity check again. My best friend sent me a text last night that his offer on a duplex in West Oakland was accepted. My advice to him has been not to jump into buying a home yet for reasons such as: he still has a ton of school debt, h...
by Dumbo
Fri Mar 20, 2015 12:54 pm
Forum: Personal Consumer Issues
Topic: New vs used cars
Replies: 39
Views: 3906

Re: New vs used cars

Well I bought a 4 year old Lexus IS250 for $19k ($34k MSRP), but then I hit a pothole that broke my axle costing me $1500 and a squirrel ate through my power steering wires costing me $3800 and 2 weeks to replace. Still not sure if I'm ahead or not with that purchase. Turns out squirrels don't care ...
by Dumbo
Thu Mar 19, 2015 7:31 pm
Forum: Personal Consumer Issues
Topic: need new computer
Replies: 13
Views: 1606

Re: need new computer

From a pure security perspective, and especially usability (if you haven't experienced Windows 8 and 10 yet you're in for a shock). I'd avoid anything with Windows on it. Chromebook is a good call ($250) as is a tablet like iPad Air ($400). If you really want the flexibility of a full on computer th...
by Dumbo
Thu Mar 05, 2015 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 26540

Re: Wife tired of saving...

And to the point of Camry vs Lexus, I'll be blunt here but the MPG difference is negligible between the two cars and you're creating a rift in a marriage over whether you guys save $30 a week on a tank of gas. On top of that you make her take a Camry which is uncomfortable (in comparison) when she h...
by Dumbo
Thu Mar 05, 2015 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 26540

Re: Wife tired of saving...

$40,000 car + $160,000 home upgrade vs $850,000 in divorce + alimony (the remaining $850,000) My crystal ball says you're getting a new home and a new (red) BMW 328 xi, congrats! On a serious note, you both need to compromise and honestly it sounds to me like she feels she's been compromising a lot ...
by Dumbo
Wed Mar 04, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 9845

Re: How to find a spouse who wants financial independence

I never had someone use a coupon on a date, ever. No dollar movies for a first date, unless maybe when I was 13. For me, I have a graduate degree and I wanted someone well educated. Being too cheap or spending too much were both red flags for me. I'm an attorney and men tended to focus on that as w...
by Dumbo
Tue Mar 03, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: .
Replies: 37
Views: 4650

Re: US citizen vs green card

This might sound a little too patriotic but when my family moved to this country we did everything we could to become US citizens as fast as possible. Everything is a lot easier when you're an American citizen. My original homeland allows dual citizenship so I didn't have to give up anything. There ...
by Dumbo
Tue Mar 03, 2015 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 9845

Re: How to find a spouse who wants financial independence

I think it is important to note that their are plenty of people that want FI and drive this or decorate their home like that or want kids. Money isn't everything, and you should enjoy the time that you have throughout your career as well as in retirement. The goal is to live happily. I think it is ...
by Dumbo
Mon Mar 02, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 851

Re: Portfolio Review - Rebalancing and Short Term Goals

Something else I've read is that it's often beneficial to convert 401k's into IRAs for flexibility that comes with letting me pick any of the funds I want with whatever mix I'd like. I guess the counter to that would be that my current 401K offers me very good investment options anyways. In that cas...
by Dumbo
Mon Mar 02, 2015 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 851

Re: Portfolio Review - Rebalancing and Short Term Goals

retiredjg wrote:I would not migrate to this new portfolio. I'd change it to what you feel is more appropriate.


What are you referring to when you say not to migrate it? Do not migrate my 401k's?
by Dumbo
Mon Mar 02, 2015 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 851

Re: Portfolio Review - Rebalancing and Short Term Goals

1. I have not contributed at all to my IRA in a long time. Should I start contributing to that? As opposed to what? Not saving? Putting the money somewhere else? I guess as opposed to just putting all my money into a 401k. I have a Roth IRA I don't contribute to and I do have monthly savings that a...
by Dumbo
Sun Mar 01, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Rebalancing and Short Term Goals
Replies: 9
Views: 851

Portfolio Review - Rebalancing and Short Term Goals

I need everyone's massive brain power to help me out here. Basic Info —————————————————————————————————————————————— Emergency Funds: 7 months Debt: $0 Filing Status: Single Tax Rate: 28% Federal, 9.3% State State of Residence: California Age: 30 Desired Asset Allocation: 30% Bonds (100% US total bo...
by Dumbo
Sun Mar 01, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 9845

Re: How to find a spouse who wants financial independence

A couple of weeks after our first date I told my wife to be that I had a coupon for the restaurant but didn't think it was prudent to use. She asked Why not? We eventually went back and used the coupon. The restaurant is no longer in business but we still are. That's a tell sign and a guy I went on...
by Dumbo
Sat Feb 28, 2015 2:01 am
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 5700

Re: I survived my initial performance improvement mtg. Now w

As I suggested in the earlier thread this would be a good time to start reading Dale Carnegies How to Win Friends and Influence People. I hate any self help books but Dale's classic is timeless. You'll avoid lots of future headaches and will help you right now as well. The book came about as a way t...
by Dumbo
Wed Feb 25, 2015 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Novice Boglehead, please help with 600k windfall
Replies: 9
Views: 1865

Re: Novice Boglehead, please help with 600k windfall

On the subject of prenups: if you do a prenup in California I believe they expire after 6 or 7 years, so be aware of that. I think it's common for people to divorce and re-marry at that time to maintain the prenup. Having just gone through a very amicable divorce (without a prenup) I'd say definitel...
by Dumbo
Wed Feb 25, 2015 10:14 pm
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 6928

Re: Buying a home in SF Bay Area [Dumbo]

Yeah well thank you all for very nice feedback, I appreciate it. I think what I'll try to do is continue to look for a new job and then find an apartment that's close to future job as either a studio around 2k or a shared apartment at 1500 a month per person. That will let me put together a nice nes...
by Dumbo
Wed Feb 25, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Checking alternatives to USAA (non-military)
Replies: 8
Views: 1378

Re: Checking alternatives to USAA (non-military)

I bank with Ally. 1% yield on savings, free ATM withdrawals anywhere in the country (reimbursed), very nice and user-friendly website (something that gets overlooked a lot).
by Dumbo
Wed Feb 25, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 14429

Re: Help! Ive been put on a performance improvement plan!

When you've read some of "How to Stop Worrying and Start Living" and you're in a better spot I recommend you pick up "How to Win Friends and Influence People". Both of these books are nearly 100 years old now and offer invaluable knowledge. Do I practice all of it all the time? H...

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