Search found 307 matches

by nyclon
Sun Nov 11, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 92
Views: 7087

Re: Finances in NYC

Good Morning Everyone, I'm facing a big decision; I received a job offer in Manhattan, NY and am trying to see the financial side of the issue and since I believe everyone here from past experience I am hoping for other opinions regarding life in general with the decision. So, anything you think I ...
by nyclon
Sun Nov 04, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Collateralized Loan Obligations
Replies: 11
Views: 823

Re: Collateralized Loan Obligations

CLOs actually outperformed most asset classes right through the Great Recession and through today. They've done very well and for several years have surpassed their precrisis issuance levels. Banks are doing very well with them. One big issue as of late pertains to their collateral - many loans are ...
by nyclon
Sat Nov 03, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: What is an "advanced" investor?
Replies: 34
Views: 2572

Re: What is an "advanced" investor?

Ron Scott asked: "What is an advanced investor?" Anyone who believes in The Bogleheads Investment Philosophy: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Min...
by nyclon
Thu Nov 01, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 843

Re: Payroll experts: prorating salary calculation gone wrong?

Thank you for all the replies. It's clear that although there are different ways to approximate the correct pay their method in example 2 does not seem to be fair nor does it comply with the spirit of 29 CFR 541.602. This particular employer happens to utilize method #1 for new hires, but method #2 ...
by nyclon
Thu Nov 01, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Payroll experts: prorating salary calculation gone wrong?
Replies: 8
Views: 843

Payroll experts: prorating salary calculation gone wrong?

An employer needs to pro rate salary for an employee mid pay period. The employee may be starting employment, returning from a leave of absence, or terminating employment. Let's say the employee has an annual salary of $50,000 and is exempt. The most widely adopted method used by payroll software an...
by nyclon
Mon Oct 29, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4924

Re: Should I co-sign for relative?

A close relative of mine has asked me to co-sign for them, lets assume defaulting was not a big risk but the necessity for a co-signer is due to unestablished credit. Would you co-sign this? The co-sign is for a vehicle lease of about $900/month Only if they provided all of the lease payments to me...
by nyclon
Mon Oct 29, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: The Case for Renting
Replies: 31
Views: 3647

Re: The Case for Renting

Hi all Wife and I are 37 years old and live in a HCOL area and will stay here (lawyer licensed in NY). Our combined income is approximately 400k a year and we have about 500k saved for retirement with another 150k in taxable and cash. I have approximately 14k left in student loans at 2.45 % left af...
by nyclon
Fri Oct 26, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: What Memberships/Subscriptions Are Most Valuable To You?
Replies: 68
Views: 4770

Re: What Memberships/Subscriptions Are Most Valuable To You?

Bogleheads.org - invaluable
Google drive
by nyclon
Mon Oct 22, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: IRS - Anyone deal with you owe us more tax letter?
Replies: 13
Views: 1836

Re: IRS - Anyone deal with you owe us more tax letter?

To keep it short. I received a letter back in July stating I owed more tax(2016) due to a 1099 for they received from a brokerage house from some RSUs I cashed in. Income was reported via w2 and I had no record of that 1099. Also tried to ding me for a Roth roll over. I responded to letter with sup...
by nyclon
Sun Oct 21, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 8649

Re: Quitting w/o notice

Strictly speaking about the point regarding quitting without notice - I do not see any reason why this is a bad idea. Do it if you have to. One thing I would note is that when you do resign, if you want to, don't hesitate to objectively and honestly provide feedback or reasons as to why. It may be ...
by nyclon
Sun Oct 21, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 8649

Re: Quitting w/o notice

So, I don't want to go in alot of detail, but I've made up mind to quit my job. I've been stressed out for the last 4-6 months and having panic attacks, waking up at night, etc. The majority of it is my job and part having to deal with my dad being very sick. I have emergency funds for almost a yea...
by nyclon
Fri Oct 19, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a benefit of investing in Traditional IRA if company provides 401K
Replies: 23
Views: 1902

Re: Is there a benefit of investing in Traditional IRA if company provides 401K

Unfortunately from a tax perspective (though fortunate from a savings perspective) if you have a sizable tIRA balance already, the "backdoor" Roth isn't much of an option. Hasn't been mentioned so OP should be aware just in case... True. One workaround is to roll tIRAs into a 401k if available. The...
by nyclon
Fri Oct 19, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16561

Re: Total Bond Market Fund - interest rates rising!

And EDV, a bond fund with a 25 year duration, has gained 4% over this same period of rising rates. So much for long bonds being a portfolio killer. Incorrect. EDV is down 13.5% during the same period of time. Per your comment about its extended duration, indeed, it was impacted much more than any o...
by nyclon
Fri Oct 19, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16561

Re: Total Bond Market Fund - interest rates rising!

And EDV, a bond fund with a 25 year duration, has gained 4% over this same period of rising rates. So much for long bonds being a portfolio killer. Incorrect. EDV is down 13.5% during the same period of time. Per your comment about its extended duration, indeed, it was impacted much more than any o...
by nyclon
Sat Oct 13, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor discussing finances with me
Replies: 64
Views: 6077

Re: Neighbor discussing finances with me

If you're close friends, mention that out of curiosity youd like to know the ticker. Then show a chart that will include ups and downs, and leave it there.
by nyclon
Sun Oct 07, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: vix option how to buy costs and returns [CBOE Volatility Index]
Replies: 4
Views: 339

Re: vix option how to buy costs and returns [CBOE Volatility Index]

I would like to know how to buy vix options and am willimg to venture up to 5k, since it seems likely some sort of crazy stuff is going to happen and the vix will shoot up, and I don't know much about option stuff. I just want to get in and out since its so volatile and what are the returns and whe...
by nyclon
Sun Oct 07, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to NYC, self-employed, with a kid. How big will my tax hit be?
Replies: 22
Views: 2354

Re: Moving to NYC, self-employed, with a kid. How big will my tax hit be?

You could call a CPA in the city and get a forecast for a few hundred $. May be worth it.
by nyclon
Sun Sep 23, 2018 10:19 pm
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2824

Re: NYC weekend house: your experiences?

Winters become the only time the kids enjoy (primarily for family skiing)

Summers you'll be alone at the house since the kids will want to hang out with their friends, mostly at NYC-style "camps".

The in-between periods are iffy and depend on how far the home is and what activities are available.
by nyclon
Sat Sep 15, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13116

Re: Considering Quitting Job - Seeking Advice. Would you do it?

You're not asking if you have enough estate to quit - meaning as you stated, you've done the analysis and yes, you believe you can. That means the money you'd be giving up by walking away is simply not needed. There's no glory in working all those hours if you don't need to. A friend of mine is a ph...
by nyclon
Wed Sep 12, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5500

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

You could strike a balance between #2 and #3 and eventually take the training wheels off and eliminate #3. Contract work can be structured to less than full time.
by nyclon
Wed Sep 12, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Massage Chair
Replies: 4
Views: 621

Re: Massage Chair

We bought a refurbished inada dreamwave directly from inada - paid about half of retail and got the same warranty.

That was six years ago. My parents who have poor circulation, arthritis and fibromyalgia can't live without it. Also, awful random spasms are gone.

I suppose that's priceless.
by nyclon
Mon Sep 10, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime - Value?
Replies: 89
Views: 7577

Re: Amazon Prime - Value?

Agreed, shipping times are disappointing. A rep upgraded shipping on a 100% prime eligible order yesterday and the earliest they could get it to my major metro area was 11 calendar days. They said the issue was "location of distribution centers" - which doesn't add up. I dropped prime a few years ag...
by nyclon
Sun Sep 09, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Put Options
Replies: 41
Views: 2788

Re: Put Options

(Before everybody is telling me I shouldn't trade in options: The amount I'm speculating with represents a tiny portion of our net worth, much less than 1%. If I lose the whole amount, so be it. Call it financial curiosity or gambling, I know it's not investing.) So my question is this: I would lik...
by nyclon
Sun Sep 09, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Tax Letter - TIRA to 401k
Replies: 15
Views: 1316

Re: IRS Tax Letter - TIRA to 401k

Try calling the IRS and explaining what happened. I did that and of the six cases they thought were taxable, they immediately agreed four weren't taxable. Two cases which remained they said just send in a statement showing movement from a qualified to qualified account. They are generally very helpf...
by nyclon
Fri Sep 07, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2277

Re: D. E. Shaw fund prospectus - would you invest?

The Boglehead philosophy, as we all know, is to invest in the public markets using low-cost index funds, and to collect market returns slowly, steadily, and without complaint. But of course there is a whole other world of investing out there, an alternative world of private assets, exotic derivativ...
by nyclon
Mon Sep 03, 2018 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6575

Re: Emergency fund size

since no one appears to have said it yet, i'm in the camp of "no emergency fund", i have an "emergency plan". on the same tangent as willthrill81, you must define what an emergency is. for me, that means an unexpected expense which cannot be put on a credit card. i honestly can't think of a single ...
by nyclon
Mon Sep 03, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Walmart is not Amazon
Replies: 54
Views: 6877

Re: Walmart is not Amazon

Yes, Amazon most certainly had a head start. The world 10-15 years from will look different, however. Remember AOL? The IBM PC industry? Innovation will prevail over transient monopolies. Walmart has been getting more of my business with their quick fulfillment and 2 day shipping. But I agree, they ...
by nyclon
Wed Aug 22, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 934

Re: Life Insurance - does this seem reasonable?

Your quotes seem very high to me - have you checked term4sale for pricing?

I'd recommend 15-20x your incomes for coverage. If one spouse dies, it's not easy to continue working high engagement jobs and take care of the kids.
by nyclon
Sun Aug 19, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: PCP Wants Full Charge Up Front [Primary Care Physician]
Replies: 108
Views: 6716

Re: PCP Wants Full Charge Up Front

We have our health insurance through one of the large national outfits, and our plan specifies a co-pay for office visits at the PCP of $20.00. Recently, the PCP announce that effective at a date shortly in the future, they will require $120.00 up front, which will be reimbursed as warranted, presu...
by nyclon
Thu Aug 16, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k / TD Ameritrade
Replies: 21
Views: 1116

Re: Solo 401k / TD Ameritrade

Hi All, I am a new memeber in this forum (although I have read many many discussions on this forum). Currently I have a solo401k account with TD and its managed by TD with the fee of 1% of the asset. I have this account with them since 2011 and my totol return so far is 5.08% with the aggressive po...
by nyclon
Thu Aug 16, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2167

Re: Time for new phone, Buy or Lease?

So, with over 4 years on my current HTC phone, things are starting to not work so great and it's time fore an upgrade. From an economic point of view is it better to buy today, as opposed to leasing, if I plan to keep the phone at least a couple years? I'm not the type to need the latest and greate...
by nyclon
Wed Aug 15, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Where to buy white, athletic fit dress shirt?
Replies: 52
Views: 3295

Re: Where to buy white, athletic fit dress shirt?

I'm looking for a new dress shirt to wear with a suit. Would like something with an athletic fit and that looks nice. I'll only wear it once or twice a year so not looking to spend a ton, unless there's a significant difference in look and quality. Any recommendations? https://www.ctshirts.com/ Tyr...
by nyclon
Wed Aug 15, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation
Replies: 10
Views: 717

Re: Compensation negotiation

It is a myth that throwing out the first number puts you at a disadvantage. Quite the opposite in fact, it mentally "anchors" the other party around your number, moving the negotiation goal posts in your favor If I showed you an ordinary looking car you've never seen before and asked you how much i...
by nyclon
Wed Aug 15, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7695

Re: Housing affordability - what is your take?

just for kicks I decided to do some math here... Housing - Median National home price in Q1 1988: $110,000 Median National home price in Q1 2018 (30 years later): $328,000 Average Appreciation rate: 3.7% Inflation adjusted value of original purchase 1988-2018: $235,630 Average Inflation rate: 2.55%...
by nyclon
Wed Aug 15, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7695

Re: Housing affordability - what is your take?

My take is to rent. People I know - that range from net worth percentiles from 10% to 0.01% all complain about the cost of buying. So, there's that. +1 Get a spouse with a big salary, save up a big pile, have a kid or 2. THEN it still may make sense to rent in CA. Don't let the "dream" of home owne...
by nyclon
Wed Aug 15, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7695

Re: Housing affordability - what is your take?

My take is to rent.

People I know - that range from net worth percentiles from 10% to 0.01% all complain about the cost of buying. So, there's that.
by nyclon
Wed Aug 08, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ask for extension or turn down job offer?
Replies: 22
Views: 1495

Re: Ask for extension or turn down job offer?

I assume it would not be proper to accept the offer, but keep looking anyway? But, does company have same ethical obligation, if their business changes over the next years? If the company wants him to make a commitment this early on, there has to be an understanding that something could happen duri...
by nyclon
Wed Aug 08, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4824

Re: If it were March, 2000, would you still allocate 50% to Stocks?

Huh? How in the world would you have know it's "march 2000" in march 2000? Or any of the years you mention? Since we don't have a crystal ball to provide a plan, the plan has to be based on 1) when you need the money and 2) based on #1, your appetite for volatility / max drawdown. That is, write an ...
by nyclon
Mon Aug 06, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 7379

Re: Best way to lose $200 in taxable income?

Lose $200 in investments. Then tax loss harvest. I think it might be easier to find ways to lose money than to make money. downside: you'll be out $200. But, you don't care about that right? What's a sure way to lose money? The only sure way I've found is to try to make money. I'm afraid if I try t...
by nyclon
Sun Aug 05, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Account Consolidation and Adjustment
Replies: 13
Views: 1159

Re: Retirement Account Consolidation and Adjustment

With 24+ years until you begin to touch the retirement assets, I'd suggest 100% equities. My opinion is that you shouldn't pay for lower volatility in what's inevitably going to be a bumpy road via lower returns. At this stage, lower volatility is just optics. Reassess in 10 years.
by nyclon
Sat Aug 04, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 10418

Re: Few weeks into new job recieved significantly better offer elsewhere

OP, My gut feeling tells me that your gut feeling tells you not to take the new job. You are trying to sell yourself that it is no big deal and it is normal to be 6 months contract to permanent hire. And, you will be able to negotiate at a higher salary. Listen to your instinct. It tells you that t...
by nyclon
Sat Aug 04, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5886

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. I used to pay off my credit card balance every month but have been focusing on saving for a down payment for a duplex therefore my credit card isn't getting paid in full each month. I haven't had to pay CC interest fo...
by nyclon
Thu Aug 02, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Google sheets not pulling stock prices
Replies: 38
Views: 6490

Re: Google sheets not pulling stock prices

I noticed yesterday that google finance no longer shows the s&p 500 or s&p 500 total return indices. Anyone else notice this?
by nyclon
Mon Jul 30, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Consistently over budget on food - what are you guys eating?
Replies: 70
Views: 6272

Re: Consistently over budget on food - what are you guys eating?

Any of the following gets categorized under our food budget: grocery shopping, fast food, going out to dinner, convenient store trips (e.g. 7/11 for energy drinks or a quick snack) Break out your budget using those categories. It'll be insightful to see groceries vs restaurants vs impulse buys. The...
by nyclon
Sat Jul 28, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: Passive Index Investing, A Bubble Bound To Burst?
Replies: 114
Views: 12067

Re: Passive Index Investing, A Bubble Bound To Burst?

A few quotes from this CNBC article titled "Bad times for active fund managers again: Vast majority are underperforming this year": https://www.cnbc.com/2018/07/27/bad-times-for-active-fund-managers-again-vast-majority-are-underperfo.html We estimate that Passive is now more than 50% of equity AUM I...
by nyclon
Wed Jul 25, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: 200k in savings....too much
Replies: 31
Views: 2837

Re: 200k in savings....too much

re: HSA, your max as a married couple is $6,900.
by nyclon
Tue Jul 24, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 34
Views: 6209

Re: How Much Is Enough?

Hello, I have been struggling with the question of "how much is enough"? My younger self would say "always go for the max". Now I am older, I don't think that is the answer. I am in my mid-30s, married....both are working professionals and maxing out all retirements accounts....1 child so far...did...
by nyclon
Tue Jul 24, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern mutual term life insurance pitch - go with a mutual company - thoughts?
Replies: 13
Views: 1282

Re: Northwestern mutual term life insurance pitch - go with a mutual company - thoughts?

That's the exploding deal sales tactic - buy it now, or you'll never be able to get it in the future!!!!! Granted, there are some limited cases where whole life makes sense, if your estate will be well into 8 or more digits. But if you aren't there now and don't know if you'll get there, then buyin...