Search found 266 matches

by ge1
Sun Apr 15, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k
Replies: 5
Views: 358

Re: Solo 401k

I read Mike Piper’s book on the topic which was very helpful and I’m clear on the 401k options. The more I think about it the less I think we need a LLC. My wife will do business consulting for 1 company, so I don’t see how liability could become an issue. This could be just temporary gig, so I thin...
by ge1
Mon Apr 09, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 37
Views: 4761

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

Im curious: Why would you have money with GS if the Vanguard Prime Money Market Fund pays 1.75%?
by ge1
Wed Apr 04, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k
Replies: 5
Views: 358

Solo 401k

My wife is starting doing consulting work and we will likely form a single member LLC. From what I read it sounds like a Solo 401k Plan could be a very interesting option, especially as it looks like the Solo 401k Plan would allow total contributions up to 54k. Can I just double check that I underst...
by ge1
Thu Mar 01, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6781

Re: Thinking of getting an Apple Watch

I got the new Apple Watch maybe 3 months ago and I love it. Features I like the most - Able to listen to music while working out without the phone (this is primarily why I bought it) - Simple interface to track outdoor workouts like running or biking - Receive text messages on the watch (barely use ...
by ge1
Sat Feb 17, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Project Management - what certification?
Replies: 4
Views: 480

Project Management - what certification?

After a successful career in the financial industry, my wife is currently taking a break as we had to relocate for my job. After one year off, she wants to go back to work. She has an accounting background, however would like to go back in a project manager role. PMP would obviously be ideal, howeve...
by ge1
Fri Jan 12, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Best Movies of 2017
Replies: 35
Views: 3043

Re: Best Movies of 2017

flossy21 wrote:
Fri Jan 12, 2018 8:58 pm
Logan Lucky
Loved that one. There were 15-20 minutes towards the end where I think it lost a bit of momentum, but very, very well done
by ge1
Mon Jan 08, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6912

Re: Life at a crossroad: seeking advice

Why don't you just kind of Retire In Place at your current job? Most if not all corporate IT jobs put you in a position where your job is basically impossible and no matter what you do you fail much of the time. You just have to get used to it and ignore it and get numb to it. I did this in telcom ...
by ge1
Mon Jan 08, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6912

Re: Life at a crossroad: seeking advice

There seem to be a few different things going on here. - Burnout: This seems to be the main issue. The only way to address this is to significantly reduce your workload, both at work and at home. Forget other people's expectations, even your spouse's. You have to keep taking stuff off your plate - u...
by ge1
Fri Jan 05, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: where should contributions go for 2018, portfolio help!
Replies: 10
Views: 1387

Re: where should contributions go for 2018, portfolio help!

In addition to ability and willingness there is also the need to take risk. As an example, if you only need a 1% or 2% return on your portfolio to reach your retirement goals, there is no need to have 70% or 80% in equities. If your need to take risk is low, you should substantially lower your alloc...
by ge1
Thu Jan 04, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 6962

Re: Do you eventually get accustomed to your higher balances?

Personally I use different "yardsticks" for net worth and spending. We have a fairly high net worth, so in comparison to our net worth almost every amount of spending is small and I think you have to be careful not to confuse the two. To make an example, even spending 50k on another car wouldn't rea...
by ge1
Thu Jan 04, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27599

Re: Hitting The Sell Button

I have a very simplistic view of this raging bull market. My ultimate goal is to hit a $ number, not to win the "who-had-the-highest-YTD-return" competition. This 8 year bull market has basically front loaded a lot of returns, which in a normal environment would have taken a lot longer to achieve. ...
by ge1
Thu Jan 04, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27599

Re: Hitting The Sell Button

I have a very simplistic view of this raging bull market. My ultimate goal is to hit a $ number, not to win the "who-had-the-highest-YTD-return" competition. This 8 year bull market has basically front loaded a lot of returns, which in a normal environment would have taken a lot longer to achieve. S...
by ge1
Thu Jan 04, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth in 2018. Has anything changed?
Replies: 14
Views: 4511

Re: Backdoor Roth in 2018. Has anything changed?

TomatoTomahto wrote:
Thu Jan 04, 2018 1:40 pm
queso wrote:
Thu Jan 04, 2018 11:19 am
That's what I did. Transfer into empty TIRA brokerage account @ Vanguard and then as soon as funds show up as available convert to Roth.
Already done. Wheeee! At my age, it’s about the only time I feel like a rebel.
That made me smile :D
by ge1
Thu Jan 04, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 9794

Re: How much do you spend on food per month, per person?

Between 2,750 and 3,000 for a family of 3 per month.
by ge1
Wed Jan 03, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Goodbye Capital One 360!!
Replies: 56
Views: 8738

Re: Goodbye Capital One 360!!

I'm curious, why would you have any money with Capital One or Ally when Vanguards Money Market Fund pays 1.22%?
by ge1
Tue Jan 02, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 4227

Re: My 2017 Budget

If I get our monthly expenses below 20k I'm happy.
by ge1
Sun Dec 31, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 13698

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

Have the courage to live your life the way YOU should be living it. I deeply believe that we all have our own unique way how to live our lives and the moment you try to be something you are not, you will be miserable. Be grateful for who you are and what you have and be courageous when opportunistie...
by ge1
Sun Dec 31, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10048

Re: I Want to Buy a Horrible, Expensive Car

We bought a Macan recently in the low 60s and the car is gorgeous. Drove a Q5 before that which was nice too, but the Macan is clearly a step up. How is the storage room in the Macan with seats folded down? I thought it was smaller than the Q5, closer to Q3/X3 size, but maybe I'm wrong. The trunk s...
by ge1
Sun Dec 31, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2018?
Replies: 132
Views: 8654

Re: What non fiction book will you be reading in 2018?

My wife got me “The Fix” for Christmas, which covers the Libor rigging scandal. I love books covering the financial markets and this was very entertaining.
by ge1
Sun Dec 31, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2703

Re: What do you consider wealthy?

10m plus is wealthy / rich (same thing for me).
by ge1
Sun Dec 31, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7420

Re: So, how was the year ? Gains made and Lessons learnt ?

After 20 years at MegaCorp I joined a small company, relocated the entire family to the Caribbean - and then we all relocated back due to the Hurricanes! I'm not complaining though, the new job allowed DW to give up her job and she is enjoying it and thankfully we kept the old house. The move actual...
by ge1
Sun Dec 31, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Target Net Worth
Replies: 39
Views: 4824

Re: Target Net Worth

No hard target as such, but if I had to pick one I'd say 5m, with 4m as minimum. Also obviously depends when we would retire.

Based on where we are now this should be very doable.
by ge1
Sat Dec 30, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10048

Re: I Want to Buy a Horrible, Expensive Car

You said you enjoyed driving the Porsche and the Audi. Personally I think the Audi is a bland over engineered appliance but the Porsche is spectacular. Why not get one of these sice they clearly made an impression on you and get a rubber trunk liner so your fish guts or whatever don’t get in the ca...
by ge1
Sat Dec 30, 2017 6:54 am
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 10048

Re: I Want to Buy a Horrible, Expensive Car

Another vote for the Porsche Macan. Surprisingly affordable - and it's a Porsche.

And not terroristy at all :wink:
by ge1
Thu Dec 28, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: North east cross country ski getaway
Replies: 7
Views: 489

Re: North east cross country ski getaway

It has been a while, but I used to ski at Fahnestock when I lived in NYC. Very nice place. Southern Vermont is nice too. There is a small track in Timbercreek at Mount Snow. It's very well maintained and charming, I don't think they do lessons though. The nice thing is that you and your family can u...
by ge1
Thu Dec 28, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How can I obtain compensation data?
Replies: 38
Views: 3793

Re: How can I obtain compensation data?

Before a recent job change I worked a long time at the same company. Early in my career I had Chief of Staff type roles where I would help the overall manager doing comp, so I had a very good idea about the comp structure in the company across almost all levels. This is just one company though, so t...
by ge1
Wed Dec 27, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 12121

Re: Another should i buy my dream porsche thread...

I have to say I’m surprised you would even think you can buy a 100k car with less than 400k in investable assets at almost 40 years old. In my book, unless you save 200k+ plus per year or have a net worth of 3m plus, you have no business driving a car like that.

Good luck with your decision.
by ge1
Wed Dec 20, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Milestone
Replies: 5
Views: 545

Re: Milestone

I know the difference :D No, I mean total gains. Would you mind sharing some details? If that's too personal I get it but I am curious about how long you've been investing, what your contributions are, if you've always contributed a high amount, etc. I'm always curious about people's stories and ho...
by ge1
Wed Dec 20, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Milestone
Replies: 5
Views: 545

Re: Milestone

I know the difference :D

No, I mean total gains.
by ge1
Wed Dec 20, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Milestone
Replies: 5
Views: 545

Milestone

I'm tracking my gains/losses since starting investing and this week total gains just turned 7 figures... That's actually very cool I have to say, it is amazing to see the power of compounding, especially once your portfolio has reached a certain level.

Enjoy the Holidays everyone :sharebeer
by ge1
Tue Dec 12, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging RSUs
Replies: 6
Views: 520

Re: Hedging RSUs

Yes agree, that was the case for my wife’s company as well. As she no longer works there that no longer applies. The way I see it even after deducting the price of the put option I can lock in a share price for the RSUs which I view as very favorable given the sharp increase in the share price this ...
by ge1
Tue Dec 12, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Hedging RSUs
Replies: 6
Views: 520

Re: Hedging RSUs

Yes, she resigned earlier this year but was able to negotiate with the company to not lose her RSUs, but they keep vesting as per the original schedule.
by ge1
Tue Dec 12, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Hedging RSUs
Replies: 6
Views: 520

Hedging RSUs

My wife has a sizable amount of deferred stock from her previous employer. The stock had a nice run up recently and I would like to hedge the shares by buying put options. I identified puts which expire right around the time when her stock vests. From people who have done this before, would you hedg...
by ge1
Fri Dec 08, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 18077

Re: Save all this money, what do you splurge on?

Vacations (Dude Ranch Colorado, Europe)
2nd Home
Car
by ge1
Thu Dec 07, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 8197

Re: At what age your investments start making more money than you?

Not going to happen until I retire. High earner and investing conservatively (low need to take risk).

My LTD gains from investing passed my gross income last year.

(corrected typo)
by ge1
Tue Nov 14, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: First "real" job with 401(k), HSA and higher income. Any advice?
Replies: 19
Views: 2055

Re: First "real" job with 401(k), HSA and higher income. Any advice?

I was about to comment on that as well. Why would you want to hold the same AA in every account? View all accounts together as one portfolio and then decide on which asset class to hold where (e.g., bonds should not be in taxable account etc).
by ge1
Sat Nov 11, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 184
Views: 18486

Re: Flying first class, business, versus economy.

We are big spenders but this thread actually makes me feel better :happy . We travel a lot but I have never paid for business or first class tickets. I always get premium economy though, which adds the few inches which make all the difference. For overseas flights I was always amazed that the only o...
by ge1
Sat Jul 29, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

The group here gave me really good feedback earlier in year so I wanted to provide a brief update: I am 3 months here now (btw the location is a Caribbean island, don't think I said that earlier) - and I really like it. The transition to the new job has been probably a bit easier than I imagined, th...
by ge1
Sat Jul 29, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Companies Do You Like?
Replies: 57
Views: 5317

Re: Which Credit Card Companies Do You Like?

I had Chase Sapphire but didn't think the rewards are that great, for the last 3-4 years now I use Capital One (can't think of the name of the card, it's the one where you get double miles for every dollar spent). Very happy with the card, the travel booking system is very simple and doesn't add ton...
by ge1
Fri May 05, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Leaving company - what to do with 401k
Replies: 7
Views: 845

Re: Leaving company - what to do with 401k

As always I'm impressed how quickly people respond and by the quality of the responses :sharebeer I read the article in the Wiki and some of the other links, the main issue seems to be the backdoor Roth. My 401k balance is material, so sounds like once that would be converted to an IRA I would face ...
by ge1
Fri May 05, 2017 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Leaving company - what to do with 401k
Replies: 7
Views: 845

Leaving company - what to do with 401k

After many years with the same company I'm starting a new job this month. The 401k plan from my old job is with Fidelity and has very good investment choices, our taxable investments are all with Vanguard and my wife has a 401k with Fidelity as well. Given that the plan is good my preference is to k...
by ge1
Sun Mar 19, 2017 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 31241

Re: Early Retirement - what to do about healthcare?

In our own early retirement plans, that is exactly what I budget for, i.e. 2k per month for health care expenses. Thankfully so far we are very healthy, but should that change our plans may have to change as well. Regarding all the comments about cheap health insurance in Europe: I spent some time i...
by ge1
Fri Mar 03, 2017 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 19268

Re: Possibly Financially Independent and Feeling Miserable

Thanks for sharing. There is a fine line between being diligent about money and being obsessed by it, a line which i think you clearly crossed. I'm not a psychologist but it seems to me you are trying to get a level of security and probably also "worth" from your number which it can never give you. ...
by ge1
Tue Feb 28, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

I just wanted to provide a brief update: We decide to do it and are very excited (and also a bit scared)! Ultimately the possibility of living somewhere very different whilst also making a good move professionally won over having to leave old friends behind and giving up a secure job. We will see ho...
by ge1
Sat Jan 14, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

I have made several company changes in my career, most of which included relocations to different US locations. A couple of these were well funded startups. It sounds like you've covered most of the issues relative to staying versus countering, so I'll add thoughts on some other areas In the new po...
by ge1
Sat Jan 14, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

I recently accepted a job offer that will pay me 40% more. The only difference is that it took me 3 years of ACTIVELY researching for potential companies and applying for jobs. Also, I don't have to relocate. Have you been actively looking and researching for a new job that pays more? Or was this o...
by ge1
Sat Jan 14, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

Thanks all for replying, I really appreciate the thoughtful responses. Just to add / clarify a few things from my original post: This is not primarily about money. If money was the main goal, my wife and I would stay in our current jobs and we could retire in our early 50s. The job is clearly a step...
by ge1
Fri Jan 13, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Job dilemma
Replies: 31
Views: 3653

Re: Job dilemma

Thanks ved but that's not how it works at my company. They could never offer an increase of that magnitude unless I have another offer. And presenting another offer doesn't burn any bridges if it's done the right way, I have seen it many times before.

Thanks all for the feedback