Search found 178 matches

by TigerNest
Mon Jun 20, 2016 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Can we/Should we buy this house (SF Bay Area)
Replies: 54
Views: 5288

Re: Can we/Should we buy this house (SF Bay Area)

Please do seriously consider earthquake insurance, and double check the maps to make sure you're not buying in a high-risk zone (i.e. liquefaction). There's a 70%+ chance the Bay Area will be hit with a 6.7+ earthquake in the next 30 years. The magnitude could be severe. The 1906 earthquake was a ma...
by TigerNest
Thu Apr 28, 2016 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond vs Municipal Bond Funds
Replies: 54
Views: 6187

Re: Total Bond vs Municipal Bond Funds

I consider the stable value of a CD to be a bit of a mirage. Its intrinsic value is impacted by interest rates just like publicly-traded bonds, but we can't see it because it's not publicly traded. If you've locked in your money in a CD for 10 years at 3%, and then interest rates suddenly jump to 7%...
by TigerNest
Thu Apr 28, 2016 2:14 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5337

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

• The Department of Labor (DOL) and the Internal Revenue Service (IRS) require any employee 401(k) contribution deposited later than 7 days (if you have less then 100 employees) and 15 days (if you have 100 employees or more) after paycheck date to be ‘made whole’ by calculating and paying interest...
by TigerNest
Thu Apr 28, 2016 1:42 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5337

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Thank you all so much for the updates. I really appreciate it! As an update of my own, it looks like my March 15 contribution was finally invested on April 20(!!), with an April 19th price. The market is up 4.7% + dividend during that time, but at least the contribution isn't in limbo anymore. Actua...
by TigerNest
Mon Apr 18, 2016 10:58 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5337

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Thanks moorefd3. The transaction report link worked, so I can finally see my statement details. It looks like they only report out to 3 decimal places now. For those of you who have noticed the skimming, could you provide more details on which numbers are off? Sure, I'll give a real example: ⋅&...
by TigerNest
Sun Apr 17, 2016 7:10 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 46
Views: 5337

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

However things are still off in spooky ways. Account balances are all displaying incorrectly. The totals displayed are off by a few cents on every transactions. It looks like rounding errors but still not acceptable. This has been the case with every transaction I've made with them for the past two...
by TigerNest
Sun Feb 28, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.
Replies: 24
Views: 2796

Re: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.

Yes, as a publicly listed firm its audited annually. Deloitte & Touche just gave LC's financial statements a clean bill of health last week:

http://edgar.sec.gov/Archives/edgar/dat ... C552D63026
by TigerNest
Wed Feb 10, 2016 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Plan on your Credit Card Getting Hacked once a year....Some Tips....
Replies: 72
Views: 5648

Re: Plan on your Credit Card Getting Hacked once a year....Some Tips....

3. Froze all credit reports so no one can open credit using my data. remomnyc, I've been considering freezing mine as well. Any regrets or issues you've encountered as a result of the freeze? No regrets here. I froze mine seven years ago. I've only had to lift it twice: starting a new job and signi...
by TigerNest
Fri Sep 11, 2015 1:03 am
Forum: Investing - Theory, News & General
Topic: Will the refugee crisis drag European economies down long term?
Replies: 16
Views: 1652

Re: Will the refugee crisis drag European economies down long term?

183,000 refugees going to the EU / 503 million citizens in the EU = +0.04% increase in the population
by TigerNest
Fri Aug 07, 2015 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Get to 2.4 million in 10 years
Replies: 22
Views: 4957

Re: Get to 2.4 million in 10 years

Why are you filing separately? Rarely is that advantageous. That was my thought too. "Married Filing Separately" isn't the same as both of you filing as Single filers. You usually see a much higher tax bill because MFS often don't qualify for the same tax breaks as the other filing status...
by TigerNest
Fri Apr 17, 2015 10:13 am
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 2048

Re: Abbreviation: "OP"

What about "DW"? From the context, it sounds like it means spouse, but for the life of me I can't figure out what it stands for.
by TigerNest
Wed Feb 25, 2015 3:05 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 6782

Re: Buying a home in SF Bay Area

And what about Earthquake insurance? http://www.wsj.com/articles/study-bolsters-view-that-san-francisco-area-is-due-for-big-earthquake-1413234343 The U.S. Geological Survey has said there is a 63% chance of one or more quakes with a magnitude of 6.7 or larger striking the Bay Area in the next 30 yea...
by TigerNest
Mon Feb 09, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Pay Off Home in SF?
Replies: 10
Views: 1223

Re: Pay Off Home in SF?

Great question. I've often wondered about this, and I'd also like to know the answer. Does the mortgage have a 'force majeure' clause? What happens to the mortgage if the house is completely destroyed? How expensive is earthquake insurance annually on a $1M house? Do most of your neighbors buy it?
by TigerNest
Mon Feb 02, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Crispin Odey's warning
Replies: 15
Views: 2543

Re: Crispin Odey's warning

nisiprius wrote:Between the folks who say governments control interest rates and those who say governments are powerless to affect interest rates, a feller don't know what to think.


Especially because the two views are often expressed by the same person.
by TigerNest
Sat Jan 24, 2015 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k - What Next?! Backdoor Roth sounds complicated....
Replies: 18
Views: 2012

Re: Max 401k - What Next?! Backdoor Roth sounds complicated

I don't have a Traditional IRA, but I have a Rollover IRA. Does that count as a traditional IRA when running the numbers on whether one can/should do a backdoor Roth?
by TigerNest
Tue Jan 13, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead handle stock options?
Replies: 27
Views: 2459

Re: How does a Boglehead handle stock options?

We are creatures of habit.

If you had $100,000 in cash, would you use it to buy the options you have right now?
by TigerNest
Fri Jun 20, 2014 3:03 pm
Forum: Investing - Theory, News & General
Topic: Do you see profit or ponzi?
Replies: 109
Views: 13076

Re: Do you see profit or ponzi?

Hmmm something is fishy. 2011 2012 2013 1st Q 8.31% 6.38% 5.52% 2nd Q 8.36% 7.41% 6.73% 3rd Q 8.61% 7.34% 7.11% 4th Q 7.96% 7.00% 6.08% 500 index admiral 11, 12, 13 1stQ 5.9% 12.57% 10.6% 2ndQ 0.1% -2.75% 2.9% 3rdQ -13.87% 6.34% 5.23% 4thQ 11.81% -0.39% 10.5% I didn't add it up. Thats not what caug...
by TigerNest
Tue Jan 21, 2014 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: RE: asked for salary at new job
Replies: 14
Views: 2361

Re: RE: asked for salary at new job

"I signed a non-disclosure agreement with my current (former) employer. My salary compensation was considered confidential - thus I am unable to discuss the specifics." Many people do in fact have non-disclosures with employers and salary is considered by most employers and many employees...
by TigerNest
Wed Jan 01, 2014 2:04 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 537
Views: 21434

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2180.

We're in for a good year.
by TigerNest
Thu Dec 12, 2013 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 9438

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

Another good response: "What is the range and average salary for this type of position in your organization". If they refuse to answer - you can politely indicate the hypocrisy of such a question. While I agree with the sentiment, this is unnecessarily antagonistic, especially in an inter...
by TigerNest
Tue Jul 16, 2013 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Feeling trapped in a dead-end finance job
Replies: 28
Views: 3936

Re: Feeling trapped in a dead-end finance job

I was in a very similar position to you a few years ago. I graduated from an ivy with a similar GPA. I’m 30 now, doing corporate development and M&A. The degree has definitely been an asset, and the GPA has barely mattered. No one ever asks for my GPA, but the name recognition definitely helped ...
by TigerNest
Sat Jul 13, 2013 2:15 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k
Replies: 3
Views: 313

Re: Roth 401k

Are the companies contributions taxed the same as mine before they go into the account? Do you mean the match? A company match is (usually) pre-tax, non-Roth, even if you contribute to a Roth. It's kept in a separate account. Can I roll the existing traditional 401k into the Roth 401k a little at a...
by TigerNest
Sun Mar 31, 2013 11:35 am
Forum: Investing - Help with Personal Investments
Topic: School Loans, IRA, Vanguard, OH MY!
Replies: 35
Views: 2389

Re: School Loans, IRA, Vanguard, OH MY!

As an aside, revisit your choice to file as "Married filing separately." It is almost never a good choice. It's not the same as filing Single. The status is really only useful for couples in the midst of a divorce or some weird situations to take advantage of itemized deductions like medic...
by TigerNest
Sat Mar 02, 2013 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation thought with over 100K in student loans
Replies: 16
Views: 1312

Re: Asset allocation thought with over 100K in student loans

Frame the question differently: if you had no debt and $22k in your retirement account, how much cash would you borrow at fixed 2.875% interest in order to invest it? It's the exact same question, but re-framing it helps address our natural tendency to irrationally prefer the current situation to al...
by TigerNest
Fri Sep 28, 2012 12:49 am
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 51
Views: 7767

Re: How much you need to save as multiple of salary

wrysys wrote:Your income grows 1.5 percentage points faster than inflation each year.

That'd be nice. :|
by TigerNest
Mon Sep 03, 2012 10:10 am
Forum: Investing - Help with Personal Investments
Topic: I have ROTH 401k option through work but numbers dont work!
Replies: 15
Views: 2779

Re: I have ROTH 401k option through work but numbers dont wo

Here are my reasons for using a Roth: ⋅ A Roth 401(k) lets you shield relatively more of your salary, since the 17k limit is the same both before and after taxes ⋅  It also makes sense for people that expect to have pensions, second jobs, or other forms of income when they retire...
by TigerNest
Wed Jun 13, 2012 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 19994

Re: Ivy League Myths Uprooted

When I was 18, I had to choose between a full scholarship to my state school (a very good one) and Princeton. I chose Princeton. In a different thread, Texasdiver mentioned that an ivy league degree matters a lot for certain jobs with high social barriers to entry like law, business, finance and aca...
by TigerNest
Tue May 22, 2012 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Facebook -- what if instead
Replies: 11
Views: 1068

Re: Facebook -- what if instead

I'm not sure I understand the problem. The role of the IPO is to raise cash for as little dilution as possible, right? The bankers seem to have done a great job, at least from Facebook's perspective. It's not like investors weren't told of the risks. If I were a company like LinkedIn, and saw my sto...
by TigerNest
Mon May 21, 2012 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: CPA exam
Replies: 39
Views: 5608

Re: CPA exam

I plan on taking REG/AUD in August. I'm only using Wiley. Keep us posted on how it goes!
by TigerNest
Sat May 19, 2012 7:20 pm
Forum: Personal Consumer Issues
Topic: Could you realistically make more after-taxes abroad?
Replies: 42
Views: 4284

Re: Would you make more after-taxes abroad?

Probably not, for salary reasons - especially opportunities for salary growth. I'm in finance, so there aren't too many places out there to choose from other than New York and London. I have no Asian expertise (Tokyo, Hong Kong, Singapore), and other financial centers (Zurich, Frankfurt, Toronto, Pa...
by TigerNest
Tue Apr 03, 2012 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend to get taxes done?
Replies: 86
Views: 5305

Re: How much do you spend to get taxes done?

In 60 years of paying taxes, I have not paid anyone to complete my returns including complicated ones with tax shelters and multiple stock trades. I preferred to learn the tax codes so I could do it myselt. Actually, I enjoyed learning to do it. Yeah, I know I'm weird. When tax preparing software c...
by TigerNest
Fri Mar 30, 2012 4:26 pm
Forum: Investing - Theory, News & General
Topic: How you got to be a Boglehead, with a twist
Replies: 42
Views: 3133

Re: How you got to be a Boglehead, with a twist

I was very lucky. My first Finance class in college was taught by Burton Malkiel, so I got a semester's worth of the passive investing philosophy drilled into me before I even knew what a mutual fund was.
by TigerNest
Mon Feb 20, 2012 12:29 pm
Forum: Investing - Theory, News & General
Topic: country "collapse" and silver gold coins?
Replies: 50
Views: 3737

Re: country "collapse" and silver gold coins?

In the Argentine crisis, people switched to US Dollars as much as they could. Argentina and Russia have more physical dollars per capita than anywhere else in the world. Zimbabweans used the rand, euro, US dollar, and anything else they could get their hands on, including gold and silver, but those ...
by TigerNest
Thu Feb 09, 2012 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus into 401K pre-Tax and avoid withholdings?
Replies: 30
Views: 11198

Re: Bonus into 401K pre-Tax and avoid withholdings?

Do you have a company match? From what I understand, in some companies, you only get the match on a per paycheck basis. Say you get 100% match for the first 6%. Is it the first 6% of each paycheck or 6% of your total salary? Yeah, my company's like that. Because of the way my company matches contri...
by TigerNest
Wed Feb 08, 2012 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Bubble Alert
Replies: 43
Views: 3722

Re: Bubble Alert

I'm buying pork belly futures like crazy if anyone's interested. Sadly, you cannot anymore! "Because of a prolonged lack of trading volume and after significant discussion with industry participants, CME will be delisting Frozen Pork Bellies Futures and Options effective Monday, July 18, 2011....
by TigerNest
Tue Feb 07, 2012 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investors under 35, what % of your portfolio is cash?
Replies: 50
Views: 4093

Re: Investors under 35, what % of your portfolio is cash?

20.5%. I'm paying my way through part-time grad school, so there are some sizable immediate liquidity needs. My bond allocation is a bit low right now at 8% in part because of this cash position.
by TigerNest
Tue Jan 31, 2012 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Why do people think different when buying housing?
Replies: 89
Views: 5065

Re: Why do people think different when buying housing?

I've always like the dissonance of depreciating a building over time if you're a business, but assuming housing will appreciate over time in your personal finances.
by TigerNest
Wed Jan 25, 2012 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Kinda steamed at PenFed over the switch to 0.25%
Replies: 30
Views: 2204

Re: Kinda steamed at PenFed over the switch to 0.25%

"That's not to mention the hassle of redeeming them at inconvenient intervals and being forced to use them at approved merchants." I was under the impression that you could redeem for a VISA gift card that you could use anywhere. Is that not true? It's not quite true. You need to amass $1...
by TigerNest
Sat Jan 07, 2012 1:05 am
Forum: Investing - Help with Personal Investments
Topic: 2012 401k limits regarding employer match
Replies: 4
Views: 1573

Re: 2012 401k limits regarding employer match

The $5,000 IRA investment is also separate and not subject to this cap.
by TigerNest
Mon Jan 02, 2012 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: How Many Bogleheads Bought an Individual Stock in 2011?
Replies: 20
Views: 1599

Re: How Many Bogleheads Bought an Individual Stock in 2011?

My 401k/IRA/Taxable are all in passive, Bogle-friendly funds. However, I started a mid-4 digit portfolio last January that I trade individual stocks in for fun. I didn't get seriously burnt in the tech or 2008 bubbles, so I do still consider this fun. ;) I made a few trades this year, and ended up w...
by TigerNest
Sun Jan 01, 2012 1:53 am
Forum: Investing - Theory, News & General
Topic: Value of CFA qualification in investing?
Replies: 8
Views: 1112

Re: Value of CFA qualification in investing?

I agree with grok -- it's been great for me, in terms of both knowledge and career advancement. Passing the Level 1 got me my first entry-level finance job. Passing the Level 3 got me my current position in investment research. The tests themselves gave me a much stronger understanding of financial ...
by TigerNest
Sat Dec 31, 2011 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Penfed Cash Rewards CC dropping cash back to .25%
Replies: 58
Views: 7598

Re: Penfed Cash Rewards CC dropping cash back to .25%

I just visited the website mentioned in the letter from PenFed and read the FAQ. I didn't see anything about a minimum required to redeem the points to get a Visa gift card. It just seems like it will be more expensive to PenFed to give more rewards (points) and to mail out the gift cards and actua...
by TigerNest
Fri Dec 30, 2011 4:09 pm
Forum: Investing - Theory, News & General
Topic: Traders
Replies: 3
Views: 266

Re: Traders

Most traditional traders make money from the bid/ask spread of a stock or bond. They'll buy it for $4.50, sell it to you for $4.51, and keep the $0.01. They're getting paid to match buyers and sellers, not bets on the direction of the market. This is ultimately what investment banking is. When Goldm...
by TigerNest
Fri Dec 30, 2011 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America ACH fee @#%^@#
Replies: 29
Views: 8553

Re: Bank of America ACH fee @#%^@#

I highly recommend Charles Schwab's investor checking/savings accounts. I've never been charged a fee.
by TigerNest
Thu Dec 29, 2011 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Penfed Cash Rewards CC dropping cash back to .25%
Replies: 58
Views: 7598

Re: Penfed Cash Rewards CC dropping cash back to .25%

I made the switch to the new Penfed. It's an easy switch...they let you keep your existing card and number and just change the terms to the new card offer. You can still get the equivalent of cash back by getting a Visa cash card in payment for your points. 5 points (5%) on gas, 3 points for grocer...
by TigerNest
Thu Dec 29, 2011 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Penfed Cash Rewards CC dropping cash back to .25%
Replies: 58
Views: 7598

Re: Penfed Cash Rewards CC dropping cash back to .25%

I just got the letter too. :( I called them as well for more information; I not going to switch to the Platinum card. PenFed is just going to be demoted to my gas-only card now. The current card's best feature is that it credits your account automatically with cash every month. Now you won't get a c...
by TigerNest
Wed Dec 21, 2011 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why do companies offer benefits but conceal them?
Replies: 30
Views: 2861

Re: Why do companies offer benefits but conceal them?

In other news, why are company intranets so awful to navigate?
by TigerNest
Wed Dec 07, 2011 2:10 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's New WSJ Op-Ed Article
Replies: 66
Views: 7596

Re: Burton Malkiel's New WSJ Op-Ed Article

This whole discussion about the 'guaranteed loss' in Treasuries has been fascinating, and reminds me about the behavioral research on loss aversion. Although most people are risk averse in normal situations, we tend to become risk seeking when presented with a choice between a sure loss and a risky ...
by TigerNest
Wed Nov 30, 2011 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should everyone use an FSA?
Replies: 40
Views: 2346

Re: Should everyone use an FSA?

Downside of FSA (at least in 2007 when I last used one) is that funds are use it or lose it (by March or thereabouts) of the following year. So if you estimate incorrectly it can force you to spend money unwisely or forfeit it. That's a pretty big downside in my book. Also it can be a pain to get r...
by TigerNest
Sun Nov 27, 2011 11:27 pm
Forum: Personal Consumer Issues
Topic: Salary Requirement for Job Opening
Replies: 16
Views: 1809

Re: Salary Requirement for Job Opening

Some companies will push. Continue to politely refuse quoting a salary first. They have far better information on their budget and the market price of labor than you do. It's their responsibility to quote a salary. If you quote too high you may be passed over or scoffed at -- too low and you'll be a...

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