Search found 38 matches

by mchriton
Sun Mar 19, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Oil Well (Mineral Rights) Investments
Replies: 9
Views: 771

Re: Valuing Oil Well (Mineral Rights) Investments

Thanks for the responses so far. To be clear, I'm not looking for anyone to provide valuation #s on this thread, rather help detail potential next steps. The intent of the stub was to show the information we have as a starting point. I have had zero exposure to fractional oil well ownership / oil ro...
by mchriton
Sun Mar 19, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Oil Well (Mineral Rights) Investments
Replies: 9
Views: 771

Valuing Oil Well (Mineral Rights) Investments

I'm hoping for some quick advice on how to value oil well investments being inherited by my MIL. The only details on the investments we currently have are some stubs (sample is below) on the various investments -- the investment is potentially decades old. What would folks recommend as next steps to...
by mchriton
Tue Feb 14, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 9174

Re: -$280k Net Worth Has Me Up At Night

Evening BH’s, 1. The way I look at our net worth in a positive light is if we were to liquidate our assets we have equity in both homes at $69k conservatively – including that with our total portfolio makes me rest easier at night. Am I missing something here in this regard? Past experiences from B...
by mchriton
Tue Jan 31, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 7763

Re: Incorporating your home into networth calculation

Agree, the answer is unambiguous -- here are some links to definitions of net worth from IRS and others: https://www.irs.gov/uac/soi-tax-stats-personal-wealth-study-terms-and-concepts (scroll to line on net worth) http://dictionary.cambridge.org/us/dictionary/english/net-worth https://www.merriam-w...
by mchriton
Sun Jan 08, 2017 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 108
Views: 7763

Re: Incorporating your home into networth calculation

Despite all of the banter, your question was simple. Yes, the value of your house is part of your net worth. Just ask any creditor. This is a matter of law, not opinion. Agree, the answer is unambiguous -- here are some links to definitions of net worth from IRS and others: https://www.irs.gov/uac/...
by mchriton
Tue Oct 25, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need help. Drowning in debt and worried about the future and retirement
Replies: 243
Views: 24518

Re: Need help. Drowning in debt and worried about the future and retirement

Wife is looking*- at reduced cell phone plans but she really wants to keep the unlimited data plan on her phone she has with Verizon. She says the 2 kids' phones are $40 a month each. Does she actually use more than a few GB a month (when there is no wifi)? If unknown, data usage stats can be be ch...
by mchriton
Sat Oct 08, 2016 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Side hustle
Replies: 58
Views: 9572

Re: Side hustle

My salary grew from 90k in 2006, to 600k this year and 700k+ projected next year. I would NEVER have been able to do this without personal projects to accelerate me past others who relied entirely on school and similar assigned projects at work. What particular IT skill gets you 700k? I work at a t...
by mchriton
Tue Oct 04, 2016 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle
Replies: 58
Views: 9572

Re: Side hustle

I've had a few side hustles/hobbies that were profitable: 1.) I built niche software during my college days (~2006), earned around 100,000 over a couple years which along with internships covered my costs for school (and then some) 2.) I built a website/service that grosses 20-40k a year, it's mostl...
by mchriton
Sun Sep 18, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 9229

Re: 24 year old new dividend portfolio

In terms of the overall philosophy, there is nothing I disagree with except accepting subpar returns by investing in the index funds. The rest, I wholeheartedly agree with 1000000%. I have read the philosophy page and I should note that this philosophy is the same shared by dividend growth investor...
by mchriton
Sat Sep 17, 2016 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 9229

Re: 24 year old new dividend portfolio

In terms of the overall philosophy, there is nothing I disagree with except accepting subpar returns by investing in the index funds. The rest, I wholeheartedly agree with 1000000%. I have read the philosophy page and I should note that this philosophy is the same shared by dividend growth investor...
by mchriton
Sat Sep 17, 2016 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 9229

Re: 24 year old new dividend portfolio

The Bogle head mentality is a mentality that is only held by the people on this thread. After going to numerous other forms, I can see the failure of logic in many of the posts. If only that was true! We'd be rich! Vanguard has trillions under management and $236 billion of inflows in the past year...
by mchriton
Sat Sep 17, 2016 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 9229

Re: 24 year old new dividend portfolio

LOL, you're saying I'm cherry picking, but you're doing the exact same thing. You're cherry picking high yield dividend paying stocks (VYM), which over the long term do not grow at the rate that dividend growers grow or the SP500. This is a known fact and has been for some time. I think the vast ma...
by mchriton
Sat Sep 17, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: 24 year old new dividend portfolio
Replies: 151
Views: 9229

Re: 24 year old new dividend portfolio

The backtesting argument is not compelling, suffers from flaws such as: * Survivorship bias - looking at companies that survived the past 20 years and have done well. Had this portfolio being created 20 years ago the stocks selected almost certainly would've been different. * Past performance - many...
by mchriton
Thu Sep 08, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for safe ETFs for 200K cash sitting in brokerage accounts.
Replies: 32
Views: 3253

Re: Looking for safe ETFs for 200K cash sitting in brokerage accounts.

I have right now 200K just sitting in two separate brokerage accounts. I'm in my mid 30's and don't need the money. I decided that I don't trust the stock market right now and feel it is in bubble territory and is due a correction. I know many have thought this for years and it keeps going up. Howe...
by mchriton
Mon Sep 05, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Exposure to CAD while living in the US [Canadian Dollar]
Replies: 11
Views: 1259

Re: Exposure to CAD while living in the US

Bumping this thread with some updates. I decided against buying Canadian assets earlier in the year; reasons were complexity concerns, limited time for research, and unclear benefit and unknown relocation timeline. I revisited the Canadian asset idea this week, as my wife and I have discussed the id...
by mchriton
Mon Sep 05, 2016 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Just Married - AA Change?
Replies: 8
Views: 742

Re: Just Married - AA Change?

HardHitter wrote:The only problem I see is in a year or two, we will be above the income limit. So where do we go from there?


You can do roth ira at any income level via backdoor, see https://www.bogleheads.org/wiki/Backdoor_Roth_IRA .

Many folks here do 401k, backdoor roth ira, mega backdoor roth, etc
by mchriton
Tue Aug 09, 2016 1:54 am
Forum: Investing - Help with Personal Investments
Topic: How much to save
Replies: 24
Views: 2798

Re: How much to save

Ignore the family's opinions of you. +1. Even a few thousand/yr for spending for family won't significantly move the needle. I don't want my future kids thinking of me as a scrooge. If you don't have kids, it can be easy to save a high percentage. I was saving almost 100% of my net income pre-kids ...
by mchriton
Mon Jul 25, 2016 1:13 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 18595

Re: How many folks choose to give inheritance to their children in unequal portions?

I don't understand why grandparents leave estates to grandchildren. In my family things have always passed to children, and then what's left passes to children, etc. each generation uses and manages money as they see fit. To try to leave to grandchildren seems to me to invite the kind of weird frac...
by mchriton
Sun Jul 24, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 18595

Re: How many folks choose to give inheritance to their children in unequal portions?

But in this scenario you are directly taking from those who didn't have children to give to the children of other siblings. To me that is penalizing the other siblings which is why it makes sense to ask the sibling how they would like their share divided. I guess it depends on perspective, I don't ...
by mchriton
Sun Jul 24, 2016 12:52 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 18595

Re: How many folks choose to give inheritance to their children in unequal portions?

This is why she plans to present the option to the sibling. Would the sibling prefer to get all 20% or would they prefer to get a portion with some going to the grandchildren or would they prefer all go the the grandchildren? The sibling still has a 20% share. To me your solution wouldn't be equal,...
by mchriton
Sat Jul 02, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 27129

Re: Where were you financially when you were at 30?

My husband and I are 31. Net worth is $1.4 million ($1 million in stocks and bonds and $400k in home equity on a home worth $600k). I make $200k, my husband makes $50k, and we spend about $50k a year. When I write it down, our financial situation looks good but we live in Silicon Valley and it seem...
by mchriton
Sat Jun 25, 2016 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Compensation for Software Engineer in Boston w/ 10 years experience? Should i switch jobs?
Replies: 18
Views: 2871

Re: Compensation for Software Engineer in Boston w/ 10 years experience? Should i switch jobs?

Here is ROUGHLY how my mega corp pay scales across levels and across geos (in total comp), we pay better better than many others but there are higher paying organizations out there. Per-the data below, you would be within our 60%-90% percentile (175*.9=150k to 160k for scaling down to MCOL), making ...
by mchriton
Sat May 21, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 3601

Re: Pride in no inheritance to kids?

We worked. Every single one of us worked full-time while getting our college education, kept costs in mind, and didn't feel entitled to the "college experience". It did take us a little longer. I finished my PhD in '13 at 31 after taking 4yrs off to save money after undergrad, my siblings...
by mchriton
Fri May 06, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Recruiters reaching out with larger salary, how to ask for a raise at current job
Replies: 35
Views: 5558

Re: Recruiters reaching out with larger salary, how to ask for a raise at current job

As others have said, if you bring this up you need to be prepared to leave. It's also important to consider the long game, determine if either of the positions put you in a better situation for career advancement even at the cost of less money now. Also worth negotiating projects/roles (e.g: increas...
by mchriton
Wed Apr 06, 2016 6:40 pm
Forum: Investing - Theory, News & General
Topic: Does anyone invest in websites?
Replies: 38
Views: 3803

Re: Does anyone invest in websites?

This advice is absolutely spot-on. These days, Flippa is nothing but junk and scams for the most part. Years ago, they had quality listings that simply needed a little TLC and time to produce, but they've since been exploited as a means for people to just try to make a quick buck hawking junk. +1 I...
by mchriton
Sat Apr 02, 2016 12:25 am
Forum: Personal Finance (Not Investing)
Topic: SF Bay Area Housing: Listing agent underpricing
Replies: 58
Views: 4974

Re: SF Bay Area Housing: Listing agent underpricing

How many homes are sold in bay area every year? I believe definitely fewer than the number of high income people got hired. The bay area housing price will go down only when those company stops hiring. I agree. Unless there is a recession, I think we have a ways to go before a peak. Lots of hiring....
by mchriton
Thu Mar 31, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 9775

Re: Investing Young + LBYM = No Corp Ladder

The one difference I am seeing is that this midsize firm of mine has a tighter pay spread from entry level to senior. What you guys are telling me is that if an entry level engineer is making 75k, then a director is making 300+ ??? Wow I'm in the wrong company. That's what I've seen at a few large ...
by mchriton
Thu Mar 31, 2016 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 9775

Re: Investing Young + LBYM = No Corp Ladder

At my company there are equivalent technical levels quite high (I left out some intermediate levels): Assoc. Engineer Engineer Senior Engineer = Group Lead (up to 5 reports) Principle Engineer = Manager (up to 20+) Technical Fellow = Director (teams of 50 or more) Technical VP = VP (hundred+) At mo...
by mchriton
Sun Mar 13, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on groceries?
Replies: 134
Views: 13448

Re: How much do you spend on groceries?

For a family of 3 with a 1.5 yr old, we spend around $1300/mo for groceries (~$1000) + eating out (~$300). Includes diapers and toiletries. Lots of fresh produce, quality cuts of meat, etc. Meals mostly simple and cooked from scratch. As others have said, we don't worry too much about food costs as ...
by mchriton
Tue Mar 08, 2016 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Private vs public school in bay area
Replies: 12
Views: 2109

Re: Private vs public school in bay area

You may want to ask yourself questions that might not even come to mind at this point in your life planning. What do you want your kids to experience, to gain, during these formative life years. Is it just academics and boiler-plate high socio-economic culture and education ? I have no judgement on...
by mchriton
Mon Mar 07, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Private vs public school in bay area
Replies: 12
Views: 2109

Private vs public school in bay area

I'm starting to dig deeper into school options for my son. My wife/I purchased a house where the K-12 schools all had greatschool ratings of 10 with the expectation that the public schools would provide a compelling option vs private. On further examination of the school options, we see that our son...
by mchriton
Thu Jan 14, 2016 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 120614

Re: Share your story of how you got wealthy

this salary progression is impressive alone, but to have done it within one organization at your age is extra impressive. how much of that is stock/RSU based? I think I need to head into my (bay area tech company) annual review this year pushing more RSUs. With negotiating using external job offers...
by mchriton
Wed Jan 13, 2016 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 120614

Re: Share your story of how you got wealthy

My progression was roughly: ⋅ 2006: $100,000 net worth (age 21; in college) ⋅ 2007: $150,000 net worth (age 22; graduated college; total comp ~$95k/yr) ⋅ 2011: $350,000 net worth (total comp ~$160k/yr) ⋅ 2013: $670,000 net worth (total comp ~$310k/yr) ⋅&n...
by mchriton
Fri Jan 01, 2016 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Exposure to CAD while living in the US [Canadian Dollar]
Replies: 11
Views: 1259

Re: Exposure to CAD while living in the US

I had an account at TD Canada Trust and IIRC they didn't allow non-residents to purchases securities.

I did some reading on Norbert's gambit, and it looked a little complicated (round about way) but I haven't tried it yet.
by mchriton
Fri Jan 01, 2016 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Exposure to CAD while living in the US [Canadian Dollar]
Replies: 11
Views: 1259

Exposure to CAD while living in the US [Canadian Dollar]

I'm a Canadian expat with a 50/50 chance of moving back to Canada in the next 5-15 years. It seems like now would be good time to increase exposure to the Canadian dollar, given the Canadian dollar is down to 72 cents/dollar (from ~parity a few years ago) and S&P/TSX composite down 11.1 % in the...
by mchriton
Tue Nov 03, 2015 12:31 am
Forum: Investing - Help with Personal Investments
Topic: Review of 31yr old's portfolio [was Help with 403b fund options]
Replies: 12
Views: 1515

Re: Review of 31yr old's portfolio [was Help with 403b fund options]

Sell VYM, VWO, VGSLX, and VEMAX. That will leave you with a capital loss of ~$2K. Buy Total Stock and Total International Stock with the proceeds (either fund or ETF shares). Sounds reasonable His 401k (45%): $49,075 (16%) - DODGE & COX INCOME (DODIX) (ER: 0.44%) $47,944 (16%) - VANGUARD TOTAL ...
by mchriton
Mon Nov 02, 2015 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Review of 31yr old's portfolio [was Help with 403b fund options]
Replies: 12
Views: 1515

Re: Review of 31yr old's portfolio [was Help with 403b fund options]

Thanks for all the responses. Sorry for the sluggish follow-up; the number of follow-on questions I had just kept getting larger. I've updated the original post with more details and questions. Please see the wiki article "approximating total stock market" Ah right, I've been reading this ...
by mchriton
Sat Oct 24, 2015 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Review of 31yr old's portfolio [was Help with 403b fund options]
Replies: 12
Views: 1515

Review of 31yr old's portfolio [was Help with 403b fund options]

[Edit 11/2: updating original post with more details and extended questions beyond my wife's 403b options] Debt: Mortgage of 740k at 2.5% for 7/1 ARM, 2 years since moving in (residence worth ~1.6 MM) Tax Filing Status: Married Filing Jointly Tax Rate: 39.6% Federal, 12.30 % State State of Residenc...

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