Search found 611 matches

by nimo956
Tue Nov 29, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2566

Re: How to discuss salary offer as a manager?

Indeed. I find it absurd that you wish to talk salary to the employee before the figures are first cleared by HR. You'll look extremely silly, and the employee will be totally pissed off if you talk 75k and HR then says no way. +1 on this and not just the money. You need to confirm the salary grade...
by nimo956
Mon Nov 28, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2566

Re: How to discuss salary offer as a manager?

I think the $75k figure is something you can work with and be honest about. BUT you better be certain HR will support that for an internal candidate that already got a big raise recently. I've seen managers incorrectly assume they can get HR to not classify an internal move as lateral. This is a go...
by nimo956
Mon Nov 28, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2566

Re: How to discuss salary offer as a manager?

nimo956, 1) Can the candidate do the job? 2) Is it a good fit? 3) Can you offer much more that 75K or that is all that you can offer? 4) What is the problem with being honest and upfront with what you can offer? KlangFool 1. Yes, I know he can do the job, as he's proven himself quite capable on pro...
by nimo956
Mon Nov 28, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2566

How to discuss salary offer as a manager?

I'm currently first-time manager who, as a result of a hiring freeze, doesn't have any direct reports. I've finally gotten approval to fill a position, and have been approached by an internal candidate I think would be a good fit. I need advice on how to discuss salary during the job interview proce...
by nimo956
Sat Nov 05, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: I can't help but feel I'm making a mistake by renting... help?
Replies: 70
Views: 4769

Re: I can't help but feel I'm making a mistake by renting... help?

This isn't even a question of the finances. You should keep renting because you are likely to get married and have kids in the near future. You can bet your future wife is going to want to have a say in choosing the house (number of bedrooms, school district, proximity to her job, etc.). Unless you ...
by nimo956
Mon Oct 31, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: Guaranteed 6.8% by paying down student loans?
Replies: 18
Views: 1913

Re: Guaranteed 6.8% by paying down student loans?

ralph124cf wrote:Another difference that has not been discussed is that the 6.8% savings is a guaranteed rate, while the 5% gain is a guestimate, and certainly not guaranteed. You should use a guaranteed rate for the potential gains, such as a ten year government bond, currently around 2%.

Ralph


+1
by nimo956
Sat Oct 29, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How are RSUs taxed? [Restricted Stock Units]
Replies: 3
Views: 481

How are RSUs taxed? [Restricted Stock Units]

I received 500 shares of my company stock as a bonus a few months ago. These are RSUs that are currently worth around $25k - $30k. 1/4 vests each year for 4 years. My questions are: 1. Do I need to pay income tax on the 125 shares when they vest? I'm planning on selling immediately anyway, but I'm c...
by nimo956
Sun Oct 23, 2016 9:12 pm
Forum: Personal Consumer Issues
Topic: New couch? Please advise.
Replies: 28
Views: 2690

Re: New couch? Please advise.

For quality couches, look at Hancock and Moore or Bradington Young. I second the user who recommended speaking with Duane Collie and checking out the furniture forum.
by nimo956
Fri Oct 21, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 78
Views: 7079

Re: Very tough career choice part 2 (ego, startup, hedge funds)

How much do you stand to make if your current company is sold? How long would it take you to earn that with the higher salary at the hedge fund? Edit: Can you keep your equity if you leave? You don't have to exercise your options, do you? If I leave, I definitely plan to exercise all the options I ...
by nimo956
Fri Oct 21, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Very tough career choice part 2 (ego, startup, hedge funds)
Replies: 78
Views: 7079

Re: Very tough career choice part 2 (ego, startup, hedge funds)

How much do you stand to make if your current company is sold? How long would it take you to earn that with the higher salary at the hedge fund?

Edit: Can you keep your equity if you leave? You don't have to exercise your options, do you?
by nimo956
Mon Oct 17, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How do you analyze your spending? (Where is my money going?)
Replies: 69
Views: 5716

Re: How do you analyze your spending? (Where is my money going?)

In my opinion, you are going about this backwards. Start with a high level budget where you map out income and savings: Income = Savings + Spending As long as you are hitting your savings target, you can spend the rest on whatever you want. No need to track anything. The first thing you want to do i...
by nimo956
Mon Oct 10, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: Active vs Passive
Replies: 30
Views: 2639

Re: Active vs Passive

William Sharpe explained why index funds are superior to active funds in his article here: https://web.stanford.edu/~wfsharpe/art/active/active.htm It essentially boils down to: 1. The market's return is equal to the weighted average of the return of its individual stocks 2. An index fund holds all ...
by nimo956
Sat Sep 24, 2016 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: 29 years old, just beginning to invest, 38k salary.
Replies: 20
Views: 2875

Re: 29 years old, just beginning to invest, 38k salary.

You have $47k in taxable savings. You should max your 401k contributions at $18k per year, or the max % your employer will let you deduct from your paycheck. Then, you use the $47k to make up the shortfall in everyday spending needs. This allows you to transfer taxable assets to tax-deferred. Also, ...
by nimo956
Tue Sep 20, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough to retire comfortably? See my Excel model
Replies: 19
Views: 3326

Re: Am I saving enough to retire comfortably? See my Excel model

I'd say just save as much as you can until it hurts. The answer to, "I'm saving too much," is not to reduce your savings rate. Instead you move your retirement 5, 10, 15 years earlier. Instead of assuming you retire at 63, why don't you aim to retire at 50?
by nimo956
Mon Sep 12, 2016 11:45 am
Forum: Investing - Help with Personal Investments
Topic: question about bond investments in my portfolio
Replies: 13
Views: 946

Re: question about bond investments in my portfolio

For a long term treasury fund look at the iShares ETF TLT, or Vanguard's ETF EDV. You could also just buy them directly through Vanguard for no fee. I don't think you'd have to worry about bid/ask spreads, since treasuries are traded so widely. It's usually muni bonds where you need to worry about ...
by nimo956
Mon Sep 12, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: question about bond investments in my portfolio
Replies: 13
Views: 946

Re: question about bond investments in my portfolio

For a long term treasury fund look at the iShares ETF TLT, or Vanguard's ETF EDV. You could also just buy them directly through Vanguard for no fee. I don't think you'd have to worry about bid/ask spreads, since treasuries are traded so widely. It's usually muni bonds where you need to worry about g...
by nimo956
Wed Sep 07, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 19353

Re: Prospective Employer Wants Salary History & Desired Salary

I would highlight that salary expectations should be discussed early on in the interview process. We don't want to waste time with the interview process on someone we cannot afford or who is going to be drastically out of what we're looking to spend. We should never be in an spot where we've had mu...
by nimo956
Wed Sep 07, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)
Replies: 80
Views: 5310

Re: Need Advice... Girlfriend and I are looking to buy our first home in Denver (super hot seller's market)

Buy a bigger house with your parents that the 4 of you can live in comfortably. I'm only half kidding. The thought occurred to me while reading this post, but why isn't there more multi-generational living arrangements in this country, given the high real estate prices in many cities? Why does every...
by nimo956
Wed Sep 07, 2016 12:27 am
Forum: Investing - Theory, News & General
Topic: Wash sales from Pre-Tax and After-Tax 401k from Mega backdoor?
Replies: 27
Views: 1448

Re: Wash sales from Pre-Tax and After-Tax 401k from Mega backdoor?

I think what's so puzzling to most people about purchases in IRAs or 401ks triggering a wash sale is the fact that it's a completely unenforceable law. The IRS has no knowledge of what you hold in your IRA or 401k, so how could they possibly know if a wash sale was triggered in this way? The only wa...
by nimo956
Tue Sep 06, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Convincing spouse to sell losing investment
Replies: 52
Views: 3196

Re: Convincing spouse to sell losing investment

4) The inheritance may have some personal connection to the deceased. Perhaps these stocks were spouse's mother's or father's picks, and there's some residual connection to the parent through the holdings. Based on what you've described, I think that this is likely the main issue at play here, coup...
by nimo956
Wed Aug 31, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay off first?
Replies: 13
Views: 975

Re: Which debt to pay off first?

This is tricky because there are pluses and minuses with all of these loans outside of the mortgage. 1. The student loans have the highest interest rate and smallest balance, which usually means you should pay them off first. However, they likely have the least adverse consequences for falling behin...
by nimo956
Thu Aug 25, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Play account at Robinhood.....less than $100
Replies: 22
Views: 1513

Re: Play account at Robinhood.....less than $100

What usually has happened is I see a stock on the rise buy and then within 24 hours it's worth 1/2 what I paid. Did you really expect making money in the stock market to be as easy as buying a stock on the rise and seeing the upward trend continue indefinitely? The stock market is an auction sellin...
by nimo956
Sat Aug 13, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: new chapter of life started - want to save and grow money
Replies: 84
Views: 8153

Re: new chapter of life started - want to save and grow money

So you graduated residency, still with a sizable amount of student loan debt, and instead of working on paying it off you decided to immediately spend your entire savings on financing a house, furniture, 2 new cars, and a vacation on credit cards. That is an incredibly serious mistake, which will se...
by nimo956
Fri Aug 12, 2016 8:22 am
Forum: Personal Consumer Issues
Topic: Suppose one has been rear ended...
Replies: 33
Views: 2533

Re: Suppose one has been rear ended...

Can't believe some people would call 911 for a fender bender. This exact situation happened to me, and I was able to settle it amicably without involving insurance (causing the person at fault's rates to drastically increase). Exchange information with the other party. Get an estimate for the repair...
by nimo956
Thu Aug 11, 2016 9:09 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 155
Views: 10846

Re: How much vacation time do you get at work?

My company seems to be unique in that they don't distinguish between sick and vacation days. I've been there for 8 years and get 6 weeks plus 10 holidays. It's a great system if you're never sick. Most everyone takes a week for Thanksgiving and the last two weeks in Dec off. You still have enough da...
by nimo956
Thu Aug 04, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Florence, Italy Hotel?
Replies: 18
Views: 945

Re: Florence, Italy Hotel?

Today, I would look at Airbnb first. I often find that the rooms are very nice at cheap rates (plus you get to stay with locals who can tell you where to go). Several years ago, I stayed at the Hotel Degli Orafi, which is right near the Ponte Vecchio. It was an extremely nice hotel for a reasonable ...
by nimo956
Fri Jul 22, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: Visiting Acadia National Park - Tips?
Replies: 22
Views: 1662

Re: Visiting Acadia National Park - Tips?

Definitely go to some of the lobster bakes; you'll find them on the side of the road at people's homes with just an outdoor picnic table. They cook the lobster right there and the prices are reasonable. I enjoyed a kayaking trip along the bay. Saw seals swimming along our boat, as well as some bald ...
by nimo956
Sun Jul 17, 2016 1:27 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1094

Re: Help Planning Trip to Zion

Success! I was able to find an Airbnb right outside of Bryce Canyon (an entire house for 6 with laundry and kitchen for the same price as a hotel room). So I have 3 nights in Zion and 2 in Bryce. Now all that's left to find is the courage to hike Angel's Landing: https://youtu.be/_FY47LEfEG4?t=54m34s
by nimo956
Sat Jul 16, 2016 4:34 pm
Forum: Personal Consumer Issues
Topic: Help Planning Trip to Zion
Replies: 8
Views: 1094

Help Planning Trip to Zion

I'm really late in planning a trip to Zion in September. I've managed to get a 3 night reservation at the Desert Pearl Inn, which should give me enough time to do Angel's Landing, the Narrows, and some of the shorter hikes. The problem is, I can't find any rooms available at Bryce Canyon (both the l...
by nimo956
Thu Jul 14, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Boss cutting salary in response to employee not doing "job"
Replies: 78
Views: 9175

Re: Boss cutting salary in response to employee not doing

Employers can't cut pay retroactively, as in, "I know that I agreed to pay you $15 per hour, but I decided to only pay you $12 per hour for last week." But they can say "I have been paying you $15, but effective next Monday I am going to pay you $12." It is my understanding that...
by nimo956
Tue Jul 12, 2016 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Jobless with a decent amount of money [Canada]
Replies: 37
Views: 2731

Re: Jobless with a decent amount of money [Canada]

Your best bet is to increase your future earning potential rather than trying to eek out every last bit of return from your 200k. You have two options as I see it: 1. Go into business for yourself, which means sell something that people want at a profit (this can be a physical product or a service)....
by nimo956
Sat Jul 09, 2016 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Trust nightmare, help needed!!!
Replies: 26
Views: 4155

Re: Trust nightmare, help needed!!!

Sorry for my complete lack of expertise in this area, but this level of fraud seems clearly criminal. I'd imagine the trustee is facing serious jail time. Have you gone directly to the police/attorney general?
by nimo956
Thu Jul 07, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 227
Views: 9740

Re: Picking College and College Scholarships

If the kid gets into one of the elites, he won't be the doormat. He has the talent to succeed there. The issue becomes whether they have the drive or get distracted by the various other opportunities available in the university environment. rrppve, You know that mathematically it does not make sens...
by nimo956
Thu Jul 07, 2016 12:45 pm
Forum: Personal Consumer Issues
Topic: Hiking questions
Replies: 164
Views: 10235

Re: Hiking questions

I'm by no means an expert, but I found this post on this hiking blog to be extremely comprehensive (it also has the gear list you're looking for): http://www.mountainphotographer.com/my-backpacking-gear/ A few things I've noticed: 1. Don't wear cotton clothing. Get wool instead. Cotton doesn't dry q...
by nimo956
Wed Jun 15, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 41
Views: 4883

Re: Lease vs Buying a Car

I think buying/leasing a new car every 2-3 years is one of the top mistakes you can make when trying to build wealth. How long would it take you to actually save $20k? If it's around 1 year, then you are throwing away 1 years worth of savings every 2-3 years. I can't imagine anything more detrimenta...
by nimo956
Fri Jun 10, 2016 9:27 am
Forum: Personal Consumer Issues
Topic: Hedging EUR Currency Risk for Instrument Purchase
Replies: 7
Views: 422

Hedging EUR Currency Risk for Instrument Purchase

Classical guitar is a hobby of mine and I've been thinking about placing an order to have one custom-built for me. The builder is in the EU, so his price is in Euros. The guitar will take about 8 months to 1 year to build, and payment is due once it is completed. Right now, 1 EUR is about $1.13 USD,...
by nimo956
Thu Jun 02, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Self Driving Cars
Replies: 51
Views: 2539

Re: Self Driving Cars

To all those saying that it will take many decades for self-driving cars to become prevalent:

The first iPhone/smartphone was released in June 2007 (less than a decade ago). How many people in the world have smartphones today?

If there's a demand for the technology, it will spread like wildfire.
by nimo956
Tue May 31, 2016 9:32 am
Forum: Personal Consumer Issues
Topic: Uber Car and the real cost of driving
Replies: 71
Views: 9574

Re: Uber Car and the real cost of driving

This is just one anecdote. Certain airports have contracts with cab companies so that only they are allowed to pick up customers. A 30 min ride from the airport to my office costs $70, including tolls and tip. The same ride from my office to the airport costs $17 total. I'm now a complete Uber conve...
by nimo956
Tue May 24, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 48
Views: 6342

Re: Advice for a soon-to-be MLB draftee

5. Get comfortable saying NO to people (family and friends) that want to spend your money. +1. I've represented a number of former professional athletes in criminal matters. All of them blew through their signing bonuses buying houses and cars for family and friends. What the family and friends did...
by nimo956
Tue May 24, 2016 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 48
Views: 6342

Re: Advice for a soon-to-be MLB draftee

Can't believe some of these responses. 1. Under no circumstances does he need a financial adviser that charges a % of his assets (including Vanguard). 2. Tell him that no one cares more about his money more than he does, and that he needs to understand his options/choices himself. Don't rely on othe...
by nimo956
Sat May 14, 2016 4:57 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4940

Re: National Universities rankings 25 to 75 - Highest priority

Also note that comp sci, math, physics and engineering majors tend to offer the most flexibility after graduation due to their perceived rigor. Does accounting also offer similar flexibility after graduation as computer science? No it doesn't. Top schools don't even offer accounting majors. If you ...
by nimo956
Fri May 13, 2016 3:03 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4940

Re: National Universities rankings 25 to 75 - Highest priority

Also note that comp sci, math, physics and engineering majors tend to offer the most flexibility after graduation due to their perceived rigor. Does accounting also offer similar flexibility after graduation as computer science? No it doesn't. Top schools don't even offer accounting majors. If you ...
by nimo956
Fri May 13, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: National Universities rankings 25 to 75 - Highest priority
Replies: 65
Views: 4940

Re: National Universities rankings 25 to 75 - Highest priority

For schools not in the top 25, I would get a list of companies which regularly recruit on campus. You can then research various entry level jobs and their salaries with whomever is applying to college to help them see what types of industries are out there. They can then make the connection between ...
by nimo956
Fri May 06, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 40
Views: 7228

Re: 26 y/o with ~$175,000 inheritence

Appreciate all of the feedback so far, everyone. Seems like the somewhat general consensus is to max contribute to 401k and a Roth IRA. Unless something insane happens in the future, the girl I'm with now will be here for the long haul (never know what could happen though). Also, no, I am not ready...
by nimo956
Fri May 06, 2016 9:33 am
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 40
Views: 7228

Re: 26 y/o with ~$175,000 inheritence

Increase your paycheck deduction for your 401k so that you hit the maximum each year (currently $18k). Use the inheritance for living expenses to make up for the lower paycheck if needed. This both lowers your taxes and transfers taxable money to tax-sheltered. Also fully fund either a traditional o...
by nimo956
Wed May 04, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and/or Roth 401k?
Replies: 11
Views: 990

Re: Roth IRA and/or Roth 401k?

The decision whether or not to use a Roth 401k depends upon your marginal tax bracket. It usually only makes sense for those in the lowest or highest brackets. It makes sense for the low brackets because the tax you pay is low. It makes sense for the high brackets if you will always stay at that lev...
by nimo956
Tue May 03, 2016 12:30 pm
Forum: Personal Consumer Issues
Topic: Second IRS Final Notice Filing Law Suit Phone Call
Replies: 19
Views: 2545

Re: Second IRS Final Notice Filing Law Suit Phone Call

My grandfather, who is 98, nearly fell for one of these scams. He asked for a number to call them back but soon forgot it, so they were unable to get any of his money.
by nimo956
Mon May 02, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Sue your employer over 401k
Replies: 26
Views: 3782

Re: Sue your employer over 401k

This is why many high fee 401k plans include a cheap-ish 500 Index fund. It's only there so they can say there's a low-cost option, so you can't sue.
by nimo956
Sat Apr 30, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Want a new vehicle, but can't "justify" spending?
Replies: 36
Views: 4257

Re: Want a new vehicle, but can't "justify" spending?

I have a 2003 Lexus IS300 with 175k miles. It runs perfectly with no issues. It has been paid off for years. I would like to purchase a new truck, as its a better lifestyle vehicle for the things I like to do (hiking, biking, beach, landscaping, light duty hauling, etc). I cannot, however, "ju...
by nimo956
Fri Apr 29, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Suggestions for things to do / places to stay near Newport, RI
Replies: 8
Views: 574

Re: Suggestions for things to do / places to stay near Newport, RI

You're closer to the Berkshires than to Newport, RI, so you might want to look for hiking/outdoor activities in that area. Off the top of my head, there's Mt. Greylock, Tanglewood and Williamstown. Sturbridge should also be close by. Having said that, Newport, RI is a very nice visit if you are will...

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