Search found 288 matches

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: 145
Views: 9872

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: 5343

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: 594

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: 72
Views: 5664

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: 27
Views: 1156

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: 1255

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: 2197

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: 6344

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: 6728

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: 879

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: 6587

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: 961

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: 2099

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: 3010

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: 689

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: 7546

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: 7546

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: 7546

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: 1439

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: 4685

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: 7199

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: 1119

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: 10217

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: 5732

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: 36
Views: 5601

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: 6075

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: 11806

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: 2689

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: 6075

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: 1202

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...
by nyclon
Tue Jul 24, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern mutual term life insurance pitch - go with a mutual company - thoughts?
Replies: 13
Views: 1202

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

Are there legitimate applications for whole as it relates to estate planning? Significant tax advantages? Asking due to the final email response I received, along with some investopedia articles on whole. Many clients come from the hedge fund / private equity world and they cannot get enough Whole L...
by nyclon
Mon Jul 23, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern mutual term life insurance pitch - go with a mutual company - thoughts?
Replies: 13
Views: 1202

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

Thanks to all who replied, I really appreciate the input. It appears that Principal term is a sound choice after all. I found the policy via term4sale, and an independent broker who was referred to me by a friend independently offered the policy, which was reassuring. I did price out a tiered struct...
by nyclon
Mon Jul 23, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern mutual term life insurance pitch - go with a mutual company - thoughts?
Replies: 13
Views: 1202

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

Would be grateful for insight on term life insurance. I'm in the process of getting a policy from Principal which is rated A+. A Northwestern Mutual rep heard from a friend I was doing so, and pitched me permanent. I declined - but as part of their pitch they said "there are 'stock' companies and 'm...
by nyclon
Sun Jul 22, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up dedicated computer for investment/finance
Replies: 12
Views: 1845

Re: Setting up dedicated computer for investment/finance

Always boot up in Safe Mode without Networking. This. And to ensure no networking, physically disconnect your LAN cable. That's how Bernie ensured 10% returns each year to the Mets. In all seriousness, you can't really be secure. Your Internet provider collects your browsing history and shows you a...
by nyclon
Sat Jul 21, 2018 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging Tech Salaries titled heavily in stocks
Replies: 9
Views: 1029

Re: Hedging Tech Salaries titled heavily in stocks

Its $2.5M pre-tax excluding 401K. Basically our salary has significant % in RSUs - 60%+ and rest in cash. We are in Seattle. I see some inverse ETFs on QQQ - SQQQ, QID,PSQ. Is it advisable to take positions on these? Buying PUTS - the cost looks quite expensive - for protecting $500K of stocks - it...
by nyclon
Sat Jul 21, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging Tech Salaries titled heavily in stocks
Replies: 9
Views: 1029

Re: Hedging Tech Salaries titled heavily in stocks

Hi all, My spouse works for a FAANG firm (I used to but now going to join another large tech firm). At the current valuations, for the next four years we would get around atleast $2.5mil+ in stocks (excluding any future refreshers). Our compensation is quite heavily tilted in stocks (base salaries ...
by nyclon
Sat Jul 21, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Suggestions About Simulating Homemade Chicken Stock
Replies: 28
Views: 1703

Re: Suggestions About Simulating Homemade Chicken Stock

It's hot here. Very hot. Occasionally there's a less-hot day, but it's hot here, and we're not even finished with July yet. In 2017 I acted on the foresight that I probably would run out of homemade stock during the summer, so I made a couple of extra batches. My foresight was no less accurate this...
by nyclon
Fri Jul 20, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17457

Re: Salary vs. Lifestyle

Everybody I know that has had higher salary has figured out a way to enjoy life while earning a higher salary. I think much of the pain now stuff is just talk to make the wealthy feel more normal and not get hassled by the less well off. True. Interestingly, as I have negotiated salary significantl...
by nyclon
Wed Jul 04, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5552

Re: Anxiety Spending Money

I've been there. Except my first job required me to relocate to a VHCOL. So I couldn't save any money for years due to high rent, recession, helping parents etc. But I had to take the job. I had $53k in student debt when I graduated. It took me 12 years and $16k of interest to pay it off. Even thoug...
by nyclon
Thu Jun 28, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: MBA Options
Replies: 46
Views: 4434

Re: MBA Options

Hello All, Thanks for all of your replies, I appreciate all of them. This discourse kind of reinforces my dilemma. As for the ROI, I 100% believe I'll get my money back, even if it costs 70K. If I get a 2 grand a year raise, it will take 35 years to pay it back, which means I'll break even at 61 (y...
by nyclon
Wed Jun 27, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2265

Re: Another should we buy this So. Cal house thread...

Combined income: 305K ... Total morgage with taxes, insurance, mello roos (kill me now) and HOA (also kill me): $4,800 If you multiply $5,000 a month by 12, you are paying $60K per year, plus utilities. (I suppose most of the utilities would be covered in the $5,000-$4,800 = 200 extra.) $60K is 1/5...
by nyclon
Wed Jun 27, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: AOL - update to terms of service
Replies: 29
Views: 2214

Re: AOL - update to terms of service

I had been using Verizon email. After they got out of that service, I migrated to AOL Mail (now owned by Verizon), which let us continue to use our ****@verizon.net email address. We are getting a notice of an update to the terms of service and privacy policy of the entity called Oath, which is a c...
by nyclon
Wed Jun 27, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2265

Re: Another should we buy this So. Cal house thread...

Hi there! I've been lurking for awhile here and finally decided to ask... so go easy on me. We're looking to purchase a home in San Diego. We're from Maryland and these prices are beyond intimidating. We have a 2-year-old son and we're currently renting an apartment with no outdoor space, good scho...
by nyclon
Wed Jun 27, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: MBA Options
Replies: 46
Views: 4434

Re: MBA Options

Why are you getting an MBA? Once you answer this question, perhaps we will be better suited to answer yours. Money, job opportunities, finding a more fulfilling career. I have a bio undergrad that I don't use at all. Rather than getting another Bachelor, this is a way to shift more into the busines...
by nyclon
Tue Jun 26, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7589

Re: Family dynamics/in laws/am I being petty?

So this past weekend my wife and I went out to eat with my in laws—MIL, FIL, SIL, BIL, niece and nephew. We were taking my MIL/FIL out for a combo birthday/Father’s Day meal. When the check came, my SIL took it and told us how much we owed—we ended up splitting the $300 bill in half. In years past ...
by nyclon
Sun Jun 24, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Baby on way, financial checkup
Replies: 11
Views: 1828

Re: 1st Baby on way, financial checkup

Thanks everyone for the tips! Couple questions: 2) NYClon, would you invest Vanguard's NY State Tax Exempt bond fund only in taxable? At this point, I have no investments in taxable besides the 30K that I’m going to invest in taxable. I certainly would and do invest in that fund in taxable due to m...
by nyclon
Sat Jun 23, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 4424

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Last year, as an experiment, we call it our One Year Horse Race, we gave $200K over to the Fidelity Advisors for a growth position we said we will not touch for 14 years. It's an ER of 1%. Well, although any drunken monkey could have made money in the last year, including the correction, their port...
by nyclon
Sat Jun 23, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Inherited house turning into a money pit
Replies: 17
Views: 3116

Re: Inherited house turning into a money pit

I've been in a similar situation. These situations seem complex due to emotions and sentimental value. Take a step back from the emotions, try to look at this situation from a third party perspective if possible. You may find that selling the house as-is, literally without doing anything more to it,...
by nyclon
Fri Jun 22, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Could Vanguard diverge from low cost strategy after Bogle left?
Replies: 5
Views: 1021

Re: Could Vanguard diverge from low cost strategy after Bogle left?

Is there a certainty that Vanguard will insist on its low cost fund strategy instead of becoming a marketing firm like Wisdomtree? John Bogle's son also runs a mutual fund and the expense ratio is an astounding 1.35 percent! Maybe. But that's why competition exists - we have options. I'm not famili...