Search found 5624 matches

by market timer
Mon Apr 25, 2016 10:29 am
Forum: Personal Consumer Issues
Topic: PhD gift ideas
Replies: 17
Views: 937

Re: PhD gift ideas

obafgkm wrote:Or offer to frame his diploma?

This is what my parents bought me. It's a good gift.
by market timer
Sat Apr 23, 2016 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 358
Views: 50094

Re: Question for the Bogleheads Millionaires

MT- It's good to see you back. How about an update on you the last few years? I don't remember hearing anything since you got back to even. If I had to guess, you now have a job that pays $750K a year and are a multimillionaire. My only question is how leveraged you are now.... Not very leveraged, ...
by market timer
Sat Apr 23, 2016 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 358
Views: 50094

Re: Question for the Bogleheads Millionaires

Just because you work hard, and have a goal of $1mm and works towards it doesn't mean you will have higher chance of achieving it. Sure. Setting goals and working towards them doesn't give you a higher chance of achieving that goal. That's logical. Surely that's not what you meant to write, right? ...
by market timer
Thu Apr 21, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 8473

Re: Cannot Pay Huge Tax Burden

I find it hard to believe that there are people here advocating about how to game the system. That seems to be the point of many threads on this forum. What is a backdoor Roth, if not "gaming the system?" Unbelievable, some people are in the 50%+ marginal tax bracket and some people pay u...
by market timer
Wed Apr 20, 2016 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 8473

Re: Cannot Pay Huge Tax Burden

OP, I suspect that you and your SO will find a way to repay this debt in time. The sooner you accept this likely conclusion, the better for your finances. The 7% interest rate on this loan is terrible. Every year you owe $14K in interest, which is mostly after-tax money. You haven't mentioned anythi...
by market timer
Tue Apr 19, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1537
Views: 340279

Re: What Book Are You Currently Reading? Part VI

Steve Jobs, by Walter Isaacson
by market timer
Sat Apr 16, 2016 5:43 am
Forum: Personal Finance (Not Investing)
Topic: Good countries to accumulate in?
Replies: 13
Views: 1226

Re: Good countries to accumulate in?

I vote for Singapore. High incomes, low taxes, reasonably low cost of living for the basics. The US is a large and diverse country, so it is hard to generalize. Problem is that most of the good jobs are in high tax locales along the coasts with high cost of living. Health insurance in particular is ...
by market timer
Thu Apr 14, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 10282

Re: When was the most stressful financial time in your life?

For me, definitely the 2008 financial crisis. In one year, I went from net worth zero (as a student) to net worth -$210K with no assets. About half of that was credit card debt, so I had to get creative quickly about making monthly payments after margin calls wiped out my brokerage account. Before t...
by market timer
Sat Apr 09, 2016 8:50 pm
Forum: Investing - Theory, News & General
Topic: Financial Applications of Calculus of Variations?
Replies: 20
Views: 1517

Re: Financial Applications of Calculus of Variations?

Yes, I find this topic fascinating as well. I encountered it first as an undergrad in a math class, where we had examples drawn mostly from physics (E&M), and later as an economics grad student. Macroeconomics borrows heavily from control theory in physics. I regularly frame problems using Bellm...
by market timer
Mon Apr 04, 2016 7:08 pm
Forum: Personal Consumer Issues
Topic: Coursera -- Pay or Not?
Replies: 9
Views: 1187

Re: Coursera -- Pay or Not?

Is there anyone on here who reviews resumes and can comment on what the weight of a Coursera class holds on a resume relative to course material learned in college? Does it hold any weight at all? If you put a course on your resume, be prepared to have someone ask you questions about the subject du...
by market timer
Tue Mar 29, 2016 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 8179

Re: Investing Young + LBYM = No Corp Ladder

Personally, I enjoy management, and don't think the corporate ladder should necessarily be viewed negatively. Rather, view it as a fun and challenging game. This is easier if you are already FI. As for your manager's financial status, you should not trust anything he says. Managers lie constantly, e...
by market timer
Sat Mar 26, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10490

Re: Financially, how have you done/doing vs. your parents?

My parents are mid/late boomers and I'm late Gen X. On an inflation-adjusted basis, I believe our household incomes, circa age 35, are similar. They started working much earlier in life, just after high school. I didn't start working until my late 20s, so they got an early head start in terms of bui...
by market timer
Mon Mar 14, 2016 8:43 am
Forum: Investing - Theory, News & General
Topic: Cost of $1000 per Month Inflation-Adjusted Income?
Replies: 67
Views: 7615

Re: Cost of $1000 per Month Inflation-Adjusted Income?

I mostly agree with Magellan's analysis, though it is a bit conservative in covering a 40-year life expectancy. Rather than cover a long life expectancy, I'd buy an annuity at age 70. For example, at age 60, buy a 10-year CD ladder (roughly $120K) and invest $200K in 30-year TIPS. After 10 years, an...
by market timer
Mon Mar 14, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1537
Views: 340279

Re: What Book Are You Currently Reading? Part VI

A Little Life , by Hanya Yanagihara. Amazon blurb: When four classmates from a small Massachusetts college move to New York to make their way, they're broke, adrift, and buoyed only by their friendship and ambition. There is kind, handsome Willem, an aspiring actor; JB, a quick-witted, sometimes cr...
by market timer
Fri Mar 11, 2016 11:10 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1560
Views: 320831

Re: What Movie Have You Recently Watched?

Anomalisa I'm a huge Charlie Kaufman fan, so had to see this when it was released. It's not nearly as entertaining as some of his other films. In fact, it shows how boring our lives become, basically how people become robots (or maybe we just perceive others as robotic), and how anomalous it is to ...
by market timer
Mon Mar 07, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is a CS PhD financial suicide for my profile?
Replies: 57
Views: 5942

Re: Is a CS PhD financial suicide for my profile?

Definitely not crazy, but I think it was a mistake to wait until age 30 to start the PhD. It will not be fun to be 35 and with essentially no savings. Livesoft is right in emphasizing that you'll probably have a very satisfying career if you choose to get a PhD. Hard to put a price tag on that. Eith...
by market timer
Sun Mar 06, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 826
Views: 129397

Re: What are you up YTD? [Year To Date]

+3.0% YTD

Had a rocky start to the year, but the past week was a big turnaround.
by market timer
Sun Feb 28, 2016 4:06 am
Forum: Personal Consumer Issues
Topic: Tough Frugal Decisions
Replies: 111
Views: 18622

Re: Tough Frugal Decisions

I've mostly focused on the big things: education expenses, transportation, and shelter. In college: -did not attend an expensive private school, but went where I had a full scholarship -sold my car to save on insurance costs -had a roommate, as in slept in the same room with someone not my girlfrien...
by market timer
Fri Feb 26, 2016 8:53 pm
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9028

Re: personal savings rate vs the general population

I think you are misreading it. It isn't about leisure time as much as returns. With more money chasing the same (or fewer) opportunities, he is saying returns will be lower. Imagine if everyone saves so that the SWR goes from 4% to 2%. You have to save more money (50x instead of 25x) and you get le...
by market timer
Fri Feb 26, 2016 12:18 pm
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9028

Re: personal savings rate vs the general population

If you want to retire early, what matters is not how much you save, but how much more than everyone else you save. In a world where everyone saves as if they’re going to retire at fifty-five, or even at sixty-five, none can. I think I see where Dr. Bernstein is coming from, but I do not believe thi...
by market timer
Wed Feb 24, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting college
Replies: 141
Views: 8894

Re: Quitting college

I'm not sure you should continue with college. I think college is a pretty fantastic deal for 18-year-olds whose parents are paying, not just for the increased earning power, but also camaraderie and education itself. For someone already with a career in her 30s, it's a different story. My parents b...
by market timer
Tue Feb 23, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 12178

Re: Mr Money Mustache Article (New Yorker)

I think it would be hilarious if a 'MMM' showed up at people's homes around the US in real life and started scolding every wasteful thing they did. It seems like there is plenty of audience willing to tune in - this is apparently an under-exploited market. At the end of each episode, you could wrap...
by market timer
Mon Feb 22, 2016 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 12178

Re: Mr Money Mustache Article (New Yorker)

Nice article. Thanks for sharing.

MMM serves a valuable purpose in telling us how wealthy we really are. That many continue to struggle says more about human nature than the world we find ourselves in.
by market timer
Mon Feb 22, 2016 8:56 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1537
Views: 340279

Re: What Book Are You Currently Reading? Part VI

Suttree , by Cormac McCarthy. This is my first Cormac McCarthy novel. From the Amazon blurb: "By the author of Blood Meridian and All the Pretty Horses, Suttree is the story of Cornelius Suttree, who has forsaken a life of privilege with his prominent family to live in a dilapidated houseboat ...
by market timer
Fri Feb 19, 2016 11:04 am
Forum: Investing - Theory, News & General
Topic: Extreme saving with low returns - not worth it?
Replies: 71
Views: 8687

Re: Extreme saving with low returns - not worth it?

I am no good at projecting future returns but if you expect lower returns then that would tip the balance towards saving more not less. Lower interest rates influence the consumption/saving decision in two ways: 1. Income effect: Lower rates means less income from investments in the future--implies...
by market timer
Mon Feb 15, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Jobs with Student Loan Forgiveness
Replies: 44
Views: 3581

Re: Jobs with Student Loan Forgiveness

Something like 40% of jobs are eligible for Public Service Loan Forgiveness.
by market timer
Tue Feb 02, 2016 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Japanese wife's yen while living in the U.S.
Replies: 5
Views: 835

Re: What to do with Japanese wife's yen while living in the U.S.

There are two parts to this question: 1. How to invest the funds 2. Whether to exchange yen for dollars As an American (which your wife is also for tax purposes if you file jointly), I think you'll find it much easier to invest using a US brokerage account. The US makes it difficult for Americans to...
by market timer
Fri Jan 22, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 7178

Re: The Boglehead Way of Employment

I don't think there are any standard Boglehead recommendations on employment. Most of the agreement is on managing personal finances. Specific career recommendations would really depend on the person. DW and I found careers we enjoy by focusing on academics, so we will encourage that in our son. I d...
by market timer
Fri Jan 22, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1537
Views: 340279

Re: What Book Are You Currently Reading? Part VI

A Man in Full, by Tom Wolfe

Just started reading this one. I'm a big fan of Bonfire of the Vanities.
by market timer
Thu Jan 21, 2016 10:36 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1560
Views: 320831

Re: What Movie Have You Recently Watched?

Just saw "Steve Jobs." Thought it was the best movie I've seen from 2015 so far. "Spotlight" was a solid movie, though pretty straightforward. "Hateful Eight" was not really my cup of tea, though I enjoyed the cinematography. "In the Heart of the Sea" was ente...
by market timer
Sat Jan 16, 2016 8:43 pm
Forum: Investing - Theory, News & General
Topic: Oil and the Stock Market - Why?
Replies: 27
Views: 1475

Re: Oil and the Stock Market - Why?

Oil is the collateral for many high yield bonds. If those issuers default, investors take losses. This has a contagion effect on the entire credit market. Oil prices also signal how strong is global demand.
by market timer
Sun Jan 10, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1560
Views: 320831

Re: What Movie Have You Recently Watched?

Two movies that were better in previous editions:

"The Big Short": Great book, disappointing movie.

"The Walk": Much preferred "Man on Wire."
by market timer
Sat Jan 09, 2016 5:43 am
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2656

Re: NY Real Estate vs. The Stock Market

So, according to my calculation, you would have nearly 3 million had you invested in the stock market, and only 1.2 million with the house. Of course, I'm being simplistic with the numbers, but I think I'm in the ballpark. Where would they live? How much rent would they have to pay? You need to sub...
by market timer
Thu Jan 07, 2016 11:29 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 153
Views: 17170

Re: The Big Short

Totally off topic, but Dr. Michael Burry is kind of my Asperger's hero (I also have Asperger's). His speech at a UCLA graduation was amazing. I want to see the movie just so I can see how he is portrayed. There is not much other than Bale listing symptoms of Aspergers. If you haven't seen "Mar...
by market timer
Thu Jan 07, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 153
Views: 17170

Re: The Big Short

I had high expectations for the movie, but basically thought it was Cliffs Notes for the book. If you read the book, not sure you'll get much extra from this film. I thought the book was fantastic.
by market timer
Fri Jan 01, 2016 12:40 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 826
Views: 129397

Re: What are you up YTD? [Year To Date]

Finished the year +2%. Did well trading Treasury futures, as usual, but these gains were offset by losses in oil, mortgage REITs, equity REITs, and international equities. I take some comfort in the fact that 30-year TIPS started the year with a 0.8% yield and now yield close to 1.3%. Higher long te...
by market timer
Sat Dec 26, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is your savings rate?
Replies: 146
Views: 15824

Re: What is your savings rate?

This year, with a paid off condo and our only expenses being food, nanny, cosmetics, handbags, clothes, and travel, we saved 80% of net pay. Next year we will save less, with higher housing costs and private school tuition--maybe only half of net income.
by market timer
Wed Dec 23, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Filing status with nonresident alien spouse
Replies: 3
Views: 397

Re: Filing status with nonresident alien spouse

Thanks, Mark and Huey. That information is very helpful. I was confused about MFJ/MFS and the Sec 6013(g) election. It is the latter that cannot be switched twice, not the former. It looks like I will opt out of the Sec 6013(g) election and select Head of Household for the 2015 tax year. My wife is ...
by market timer
Tue Dec 22, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Filing status with nonresident alien spouse
Replies: 3
Views: 397

Filing status with nonresident alien spouse

I'm looking ahead to preparing my 2015 taxes and dreading it. The time involved in preparing my taxes the past two years was over 40 hours a year, and that was with an accountant who was paid $3000/year by my company. This is due in large part to issues related to my nonresident alien spouse, and my...
by market timer
Tue Dec 22, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 13081

Re: Biggest lucky break in your personal finances?

I have never really had any significant lucky breaks that were purely financial. My most meaningful breaks have been in academics, career, and marriage. Luckily, that has been enough.
by market timer
Sat Dec 19, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 12100

Re: Can I Afford an $800k Home on $4K/month Take Home?

market timer, don't you intend to send your kid to private school? The public schools for these homes are not all that great partly because the nearby homeowners can afford to send their kids to private schools. They are all doctors, lawyers, Indian chiefs, and captains of industry who want the bes...
by market timer
Sat Dec 19, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 12100

Re: Can I Afford an $800k Home on $4K/month Take Home?

I tend to be risk averse, so keep this in mind. What happens if: - OP loses his job - Housing market crashes - Significant repairs are needed in the future - Children pick super expensive college OP is a tenured prof, no? About as safe as you can get these days. House price fluctuations not a huge ...
by market timer
Sat Dec 19, 2015 10:07 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1537
Views: 340279

Re: What Book Are You Currently Reading? Part VI

Purity , by Franzen. From the Amazon blurb: "Purity is a grand story of youthful idealism, extreme fidelity, and murder. The author of The Corrections and Freedom has imagined a world of vividly original characters--Californians and East Germans, good parents and bad parents, journalists and l...
by market timer
Sat Dec 19, 2015 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 12100

Re: Can I Afford an $800k Home on $4K/month Take Home?

I think you can afford the house quite easily. You love the area and have enough to buy in cash. Why not? Here is what your financial picture will look like after buying the house: Gross income: $80K/year Expenses: $15K property taxes + $15K (?) income taxes + $40K (?) other Savings: $10K/year Retir...
by market timer
Fri Dec 18, 2015 10:34 pm
Forum: Investing - Theory, News & General
Topic: JP Morgan fined 307 mllion for not disclosing conflict of interest to investors
Replies: 7
Views: 745

Re: JP Morgan fined 307 mllion for not disclosing conflict of interest to investors

There are so many companies that are doing evil it's hard to keep track of them. Bank of America, Life Lock, etc… It's too bad they still stays in business. Not sure if the companies are any worse than they have been or the government is growing more desperate for revenue. It's kind of like using t...
by market timer
Thu Dec 17, 2015 1:12 am
Forum: Investing - Help with Personal Investments
Topic: EE Bonds for Long-Term Savings Vehicle
Replies: 29
Views: 1915

Re: EE Bonds for Long-Term Savings Vehicle

However, if you invest at 3% for 10 years, then at 4% for the remaining 10 years, you just about break even (1.03^10)*1.04^10 = 1.99. So with the EE bond you're betting that you won't be able to invest at more than 4% for a 10-year term or more within 10 years. I personally don't like that bet This...
by market timer
Mon Dec 14, 2015 11:22 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 5771

Re: Paying Kids For Good Grades -- do you do it?

sawhorse wrote:First of all, when you pay kids for good grades, you're equally likely to reward cheating as you are to reward honest hard work.

Not sure this is necessarily a bad thing. Part of education is learning which corners can be cut, IMHO. There is a great deal of pointless busy work in school and life.
by market timer
Sun Dec 13, 2015 10:59 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 5771

Re: Paying Kids For Good Grades -- do you do it?

We will soon be paying $15-25K/year in private school tuition. I hope that will provide enough incentive to take advantage of the opportunities he has. My parents paid for grades and SAT scores. It was all-or-nothing, though--either get all A's or try harder next time. In today's dollars, I think th...
by market timer
Sun Dec 13, 2015 10:14 am
Forum: Investing - Theory, News & General
Topic: Do Rising Rates Doom REITS?
Replies: 24
Views: 4422

Re: Do Rising Rates Doom REITS?

I've been concerned about our Vanguard REIT holdings and thought about selling some VNQ when the price recently came back above 80. It's come back down about 4% over the last month. Over the past six months, it seems that REITs are mostly trading in line with the stock market. There were some large...
by market timer
Sun Dec 13, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: Do Rising Rates Doom REITS?
Replies: 24
Views: 4422

Re: Do Rising Rates Doom REITS?

I can't follow the quote in bold. Does this mean "conventional wisdom" does have an evidentiary basis to support associating rising interest rates with poor returns from REITs ? Yes. The key difference between Larry's analysis and He et al. (2003) is that the latter control for equity pri...

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