Search found 102 matches

by chenzi
Tue Jan 21, 2020 3:10 pm
Forum: Personal Investments
Topic: Distressed and Special Situation Private Equity Funds
Replies: 1
Views: 169

Distressed and Special Situation Private Equity Funds

Hi, Anyone has prior experience in investing in PE funds specializing in distressed / special situations scenario. I am considering Bain Capital Distressed and Special Situation fund (250K min investment). I couldn't share more details due to NDA - but their performance has been quite good (around 1...
by chenzi
Sun Nov 17, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Lack of motivation to “exceed” goals.
Replies: 16
Views: 1610

Lack of motivation to “exceed” goals.

I have around 15 years of work experience in technology and I am around mid 30s. First couple of years when I started, I slacked off in work then got motivated to do well (family/girlfriend), worked hard, consistently “exceeded expectations” at work. My career has also grown reasonably well - from $...
by chenzi
Tue Sep 17, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11978

Re: How do you spend money to gain time? (young family)

Have two kids 7 and 2. 1. Cleaner for house and another person for yard maintenance every week 2. Mothers helper in the evenings every day to help around house, laundry, dishes etc. Nanny in the morning for 90 minutes since my spouse leaves early for work and I need help to get kids ready to their s...
by chenzi
Sat Jul 20, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: How to get rid of a piano?
Replies: 51
Views: 4568

Re: How to get rid of a piano?

Instead of anonymity of Craigslist- check out local “Green bee”/ ‘buy nothing’/ “local gifting” / “free gifting” / genres Facebook groups. I have given away so many items, furnitures etc through these groups. This is quite a big movement localized across communities to reuse items and avoid landfill...
by chenzi
Mon Jul 08, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: Best Practices for longer-term house guests?
Replies: 35
Views: 3742

Re: Best Practices for longer-term house guests?

Our parents and in-laws visit us for a total of approximately 4-5 months per year. All of them are from an Asian background and its so common that they just completely take over every aspect of the kitchen, getting kids ready to school, feeding them, picking them back from school, etc without giving...
by chenzi
Wed Jul 03, 2019 12:46 pm
Forum: Personal Investments
Topic: Question for the 5%...Anyone buying any individual stocks?
Replies: 51
Views: 4857

Re: Question for the 5%...Anyone buying any individual stocks?

AMZN is almost 25%+ of my portfolio- $450K. Another tech firm (my current employer) is around $200K+.
by chenzi
Mon Jun 24, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice
Replies: 20
Views: 2097

Re: Career advice

Also, interview preparation is significantly different for these companies compared to IT consulting. There are some companies/individuals who train you on how to prepare for TPM & PM interviews and also connect you with employees who can take mock interviews. It would be a useful investment. I know...
by chenzi
Mon Jun 24, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice
Replies: 20
Views: 2097

Re: Career advice

It's relatively easier to get interview calls into these companies if you know someone who can refer you. For Amazon, FB - they are always hiring, and recruiters on Linkedin should be good to start if you don't know anyone personally. Google moves at its own pace - it takes weeks to months to finish...
by chenzi
Wed Jun 19, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15995

Re: Good times: 2008 vs Now

I was 26 in 2008 and was making $66K in NYC with zero savings. I was an entry-level tech consultant in an investment bank and saw loads of people getting fired month after month. The recession forced me to go back to my home country, and I came back after a few years. My skills and annual income hav...
by chenzi
Sat Jun 15, 2019 9:55 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47909

Re: What lifestyle creep made you happier?

Our in-laws and parents visit us from Asia every year. We book their tickets every year in coach but upgraded them to business class this year, their first one in their lives! We still travel coach with two kids. Some of the lifestyle creep - cleaner every week, helper to do dishes and laundry every...
by chenzi
Wed Jun 05, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 41261

Re: For those who earn $500k+ per year. How'd you do that?

I am a Manager / Director in a mega tech company. After burning myself in one of the FAANG ones, I work around 30 hours a week and make $500k-530k/ year. Spouse is also a senior manager who used to work hard in a FAANG company but has been able to negotiate balance now and works about 40 hours/week ...
by chenzi
Tue Jun 04, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Toons wrote:
Tue Jun 04, 2019 10:32 am
Pay cash,
forget financing
Been there done that
Class B-21ft
Lithium batteries
Solar
No need to plugin
Wandered around Florida for 2 months in the winter.
No campgrounds
Image
:mrgreen:
Please let me know your model.
by chenzi
Mon Jun 03, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Chenzi, You might find this thread of some interest, https://www.bogleheads.org/forum/viewtopic.php?t=240126 Have you found an RV that will work for your requirements? Under 20’ for 2 adults, 2 kids is a challenge. It can be a wonderful experience, but note the RV purchase is just the beginning of ...
by chenzi
Mon Jun 03, 2019 9:10 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Small ones are mainly Mercedes Sprinter or Ford Transit or a Ram Promaster chasis. Cheaper ones can be bought for 80K. I am looking for something fully customized and built for our needs. It needs to sleep 4, seat 6 and fit in a standard parking spot. Sportsmobile has been building camper vans for ...
by chenzi
Mon Jun 03, 2019 9:10 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Cheaper ones can be bought for 80K. I am looking for something fully customized and built for our needs. It needs to sleep 4, seat 6 and fit in a standard parking spot. Sportsmobile has been building camper vans for 50 years and have a custom pop top that can meet our conditions Have you actually s...
by chenzi
Mon Jun 03, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Maybe someone can clarify for me but the large RV (class A) can be had for the same price. I know there is some maneuverability and length restriction issues but I can’t understand why the small ones cost same price as the big ones. Am I missing something? If you make a mill/yr, cash flow it over a...
by chenzi
Mon Jun 03, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

With my kids turning 2.5 and 6.5 years, I am interested in taking them out into camping into the beautiful Pacific North West and across the west of US. We don’t want to camp in the “wild” and hence after a lot of research, I am interested in buying a good SportsMobile or a Class B Van that is less...
by chenzi
Mon Jun 03, 2019 3:52 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

I am interested in buying a good SportsMobile or a Class B Van that is less than 20ft length. The cost of the ones we like is in the range of $120-150K. I do not prefer a second-hand one as I would like to have all the latest safety features/driver features etc. I do plan / hope to keep it for the ...
by chenzi
Mon Jun 03, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

I spent a few days camping in national park campgrounds last month in between backcountry wilderness camping. I saw quite a number of small RVs (many rented) in those campgrounds. Vehicles longer than 22-feet were restricted from using the roads to at least one of the campgrounds. I can understand ...
by chenzi
Mon Jun 03, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

I am a fan of the Leisure Travel Vans and Pleasureway vans. Someone drove their Pleasureway to work today. I am looking out at the parking lot and see one parked out there. I have my eyes on a LTV Wonder model (Ford chassis). But not for a few years. RVtrader.com (search by make/model) has some gre...
by chenzi
Mon Jun 03, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

I just thought of something. You don't want to tent camp, you want to bed camp. At $120k for an RV, I have an alternative. At $100 a night in a cheap hotel/motel room that'll be way nicer than any RV, you can stay 1200 nights! On top of that, no extra insurance, maintenance, taxes that you'd pay on...
by chenzi
Mon Jun 03, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

With my kids turning 2.5 and 6.5 years, I am interested in taking them out into camping into the beautiful Pacific North West and across the west of US. We don’t want to camp in the “wild” and hence after a lot of research, I am interested in buying a good SportsMobile or a Class B Van that is less...
by chenzi
Mon Jun 03, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

I just thought of something. You don't want to tent camp, you want to bed camp. At $120k for an RV, I have an alternative. At $100 a night in a cheap hotel/motel room that'll be way nicer than any RV, you can stay 1200 nights! On top of that, no extra insurance, maintenance, taxes that you'd pay on...
by chenzi
Sun Jun 02, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Agree. The ones available to rent nearby are cheaper ones. Still searching for ones equivalent to what we like... Maybe rent one for a week or two and take the kids to some National Parks? Just to check it out. I know some people that really enjoy the RV lifestyle and some others that are glad to be...
by chenzi
Sun Jun 02, 2019 9:36 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Re: Financing / Affording a Sportsmobile / luxurious small Class B RV…?

Small ones are mainly Mercedes Sprinter or Ford Transit or a Ram Promaster chasis. Cheaper ones can be bought for 80K. I am looking for something fully customized and built for our needs. It needs to sleep 4, seat 6 and fit in a standard parking spot. Sportsmobile has been building camper vans for 5...
by chenzi
Sun Jun 02, 2019 9:02 pm
Forum: Personal Consumer Issues
Topic: Financing / Affording a Sportsmobile / luxurious small Class B RV…?
Replies: 49
Views: 2561

Financing / Affording a Sportsmobile / luxurious small Class B RV…?

With my kids turning 2.5 and 6.5 years, I am interested in taking them out into camping into the beautiful Pacific North West and across the west of US. We don’t want to camp in the “wild” and hence after a lot of research, I am interested in buying a good SportsMobile or a Class B Van that is less ...
by chenzi
Thu May 02, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 7197

Re: Giving two week's notice before stock options vest

My company fired many employees just a week or two before vesting. Many lost 30-40% of their RSU salaries. I would recommend resigning on the date of vesting and give them 5 business days notice.

Or ask the other company to pay $30k to compensate for your loss.
by chenzi
Wed Apr 10, 2019 3:25 am
Forum: Personal Finance (Not Investing)
Topic: IRS 2% bounced check fee!!
Replies: 42
Views: 5946

Re: IRS 2% bounced check fee!!

I made a similar mistake last year when I tried transferring $75k between two accounts and IRS encashed mine just a day before transfer got completed. I paid taxes again. I remember getting a $1500 fine. When I received the notice, I just wrote a letter to IRS by hand, explained & apologized my mist...
by chenzi
Mon Apr 01, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5096

Re: Do any of you have a fear of changing jobs?

CobraKai wrote:
Mon Apr 01, 2019 12:00 pm
Thegame14 wrote:
Mon Apr 01, 2019 10:42 am
I am pretty sure if you ask HR they are required by law to provide you with the salary band for your position
Really? I did not know that.
Its mandatory for California based positions where hiring company will let you know the salary band (if you ask for it).
by chenzi
Mon Apr 01, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5096

Re: Do any of you have a fear of changing jobs?

It’s common in Seattle area,Bay Area, NYC. In Austin (depending on the company like Amazon, Apple, FB, MSFT, Google etc) Austin is the sweetest spot if you can get s job with any of the other companies in HCOL and transfer with your same salary to Austin :-) Just curious...what part of the country a...
by chenzi
Mon Apr 01, 2019 5:46 am
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5096

Re: Do any of you have a fear of changing jobs?

I recommend my friends to interview once a year. Normally I do it during the months around my stock vesting. Whether I change jobs or not, knowing market value / trends / expectations will keep me updated. There are some exceptions with FAANG where they have grown people sticking around. For example...
by chenzi
Sun Mar 31, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5096

Re: Do any of you have a fear of changing jobs?

While manage teams related to Cloud, Principal engineers in my team still make similar amount $500k if they are really good. Average ones make $300-$350k. This is the market for top 10 Tech companies across both coasts (& Austin)! If you look at east coast and west coast, $150k is the starting compe...
by chenzi
Sun Mar 31, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 5096

Re: Do any of you have a fear of changing jobs?

12 years back in 2007 - my then employer paid me $66K for the tech work I did in NY/NJ. If i had stuck around with the same employer, i would be getting maybe $150K. I changed jobs, moved internationally etc and my current employer pays be around $550K/year. I could probably negotiate another $100-1...
by chenzi
Sun Mar 31, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 5828

Re: Keeping a stash of vacation days as unemployment "insurance"

My current employer has an "unlimited" vacation subject to manager approval (& ofcourse no one approves unlimited vacation). Basically the story i heard is that few years back, the amount of "banked" vacation liability went up significantly, the employer just moved to "flex &unlimited" vacation time...
by chenzi
Wed Mar 06, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Bought our house at 925k year and half back with 23% down payment and 3.25% 7/1arm. I can pay back the house aggressively if needed. Family... but I am not able to figure out when to walk away from my job, that’s something I need to work out. OP, It is very simple but hard. What is your #1 priority ...
by chenzi
Wed Mar 06, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

michaeljmroger wrote:
Wed Mar 06, 2019 12:36 am
Out of curiosity, what’s the salary/stocks ratio of your $500k?
35% -45% cash and rest is stock.
by chenzi
Wed Mar 06, 2019 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Agree - there is just so much “peer pressure”, competition at work. I am insecure to walk away. I am kind of peaked & burned for now and don’t have am much motivation to move to next level. I want to come home early and be with kids. If a family in your financial situation could not afford at least ...
by chenzi
Wed Mar 06, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Family... but I am not able to figure out when to walk away from
my job, that’s something I need to work out.
KlangFool wrote:
Wed Mar 06, 2019 12:24 am
OP,

It is very simple but hard.

What is your #1 priority in life? Answer that and the rest will follow.

KlangFool
by chenzi
Wed Mar 06, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Thank you ! I'm not certain a "framework" exists per se, but here's my quick take: 1. Your health comes first, so take care of it no matter how much you are paid (you don't want to be wealthy...but dead). 2. Figure out what your "number" is based on the various levels of retirement (minimal existenc...
by chenzi
Wed Mar 06, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Agree -that’s where the constant guilt comes from - my father is a surgeon who spent most of his younger years at hospitals and who still spends majority of his time in his medical practice / teaching etc. I missed him in my younger years and don’t want my kids to feel the same. I don't know what yo...
by chenzi
Wed Mar 06, 2019 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Re: Framework to evaluate life and lifestyle choices?

Thank you for the link. Agree that the party wouldn’t last forever. Hopefully one of us survives the party. We do save a lot (& spend a lot too). If you save 50% of your net income for 11 and some odd years, you can usually retire at that point. I would not plan for this party to last. I've seen too...
by chenzi
Tue Mar 05, 2019 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3098

Framework to evaluate life and lifestyle choices?

This is my first experience in receiving “crazy” high level salaries and I am wondering if this is the new normal or we are in a bubble and I go along and maximize my earnings as long as possible. Background: Spouse and I were with high paying companies of tech. When we took up the job in mid 2015, ...
by chenzi
Mon Jan 21, 2019 8:13 pm
Forum: Personal Investments
Topic: Asset allocation and risk evaluation for family with high equity income every year
Replies: 8
Views: 888

Re: Asset allocation and risk evaluation for family with high equity income every year

Are you doing the backdoor roth for your IRA contributions? Why did you do the vanguard star fund for the 529 and not an age based option? I also agree with simplifying your taxable account (I'd get rid of wealthfront - see prior threads about people having trouble removing themselves from that sit...
by chenzi
Mon Jan 21, 2019 8:11 pm
Forum: Personal Investments
Topic: Asset allocation and risk evaluation for family with high equity income every year
Replies: 8
Views: 888

Re: Asset allocation and risk evaluation for family with high equity income every year

Are you holding big blocks of company stock from options or deferred compensation? How does that figure in your asset allocation and your investment plan? Given your big incomes and two young kids I think you need a big emergency and capital spending fund invested in Muni bond Mutual Funds. Think a...
by chenzi
Mon Jan 21, 2019 8:06 pm
Forum: Personal Investments
Topic: Asset allocation and risk evaluation for family with high equity income every year
Replies: 8
Views: 888

Re: Asset allocation and risk evaluation for family with high equity income every year

HEDGEFUNDIE wrote:
Mon Jan 21, 2019 2:44 am
You guys earn over $1M/yr but you’re only saving $130k? Where is the rest of the money going?
That’s from our cash compensation along with mortgage payments ($4k/mo).
The entire after tax stock compensation is saved.
by chenzi
Sun Jan 20, 2019 9:24 pm
Forum: Personal Investments
Topic: Asset allocation and risk evaluation for family with high equity income every year
Replies: 8
Views: 888

Asset allocation and risk evaluation for family with high equity income every year

Hi all - My current asset allocation is approximately 85-15 (equities-bonds). My wife and I are in technology, mid 30s and earn good compensation now - around $480-550K each. Our total cash compensation is $380K for both and the rest $650+K are in our company stocks (FAANG and another large IT firm)...
by chenzi
Wed Sep 26, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to evaluate a pay package of a startup
Replies: 14
Views: 1624

Re: How to evaluate a pay package of a startup

Personal Experience: I quit a FAANG job to join a "hyper-growth" startup. It was a Series C company and the company was closer to Series D at supposedly a 5-8X that would provide breakeven to my current salary as they were offering less than half of my total compensation :) I joined and the Series D...
by chenzi
Wed Sep 19, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Does this job exist (another want-to-quit-corporate-world thread)?
Replies: 35
Views: 3953

Re: Does this job exist (another want-to-quit-corporate-world thread)?

I am in mid 30s and my wife is in early 30s - i cant imagine doing IT job for another 20 years. I work on "latest" technologies in a top 5 firm but since I moved to management its full of soulless meetings all day, politics or shepherding team - i actually do not accomplish anything of "value" to th...
by chenzi
Tue Sep 18, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 27851

Re: What is your single most expensive mistake?

Sold a “hot stock” to generate 300k down payment for house. The stock has gone up another 3X in 18 months.
by chenzi
Wed Aug 08, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: Unison for Home buyers - Whats the catch?
Replies: 1
Views: 606

Unison for Home buyers - Whats the catch?

I came across https://www.unison.com/homebuyer/ and quite curious if this could be a good deal for buying expensive homes (2mil+) without liquidating any existing investment portfolio. They take a cut from final profits / share losses when someone sells home and there isn't any monthly fee except fo...