Search found 19 matches

by trufflepig
Thu Oct 22, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is programming still a valuable skill to learn?
Replies: 224
Views: 16912

Re: Is programming still a valuable skill to learn?

Just had a conversation with a 2nd grade teacher who said that her school instituted “coding lessons” several times a week with the kids. I assume that 2nd graders can’t even type yet, so I’m not exactly sure how they could code. Made me wonder, what does that say about the perceived value of progr...
by trufflepig
Sun Oct 11, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is programming still a valuable skill to learn?
Replies: 224
Views: 16912

Re: Is programming still a valuable skill to learn?

...I didn’t think your story was so much about age discrimination as crappy hiring practices that affect people of all ages... Let me get this straight. So, the recruiter I spoke with - the person who's supposed to filter qualified candidates - ran through the laundry list of the job requirements, ...
by trufflepig
Sun Oct 11, 2020 9:12 pm
Forum: Personal Investments
Topic: Another mortgage payoff question
Replies: 7
Views: 939

Re: Another mortgage payoff question

To give a thoughtful answer to your question would require more information from you. Most importantly, what are your expenses, and do you need to lower them? Next: is your 300k in the money market account your set-aside living expenses for the next X years? A quick answer would be - yes, pay off th...
by trufflepig
Fri Sep 04, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Buying a House When You Already Own a Home
Replies: 12
Views: 1109

Re: Suggestions for Buying a House When You Already Own a Home

If you can afford to do #4 that is clearly the best option and usually the cheapest. It really only costs you the interest and taxes (minus tax savings) on your first home since any principal paid will be returned when the home sells. Moving only once is a huge benefit. You can mitigate some risk by...
by trufflepig
Mon Jul 27, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Beach House in New England
Replies: 44
Views: 4301

Re: Buying Beach House in New England

You can definitely afford it if you have reasonable expenses which it sounds like you do. When someone says that a purchase does not make sense financially, ask them what purchases do make sense - it's likely not many and they are probably depressing. They probably mean (and are correct) that it lik...
by trufflepig
Thu Jul 23, 2020 7:57 pm
Forum: Personal Investments
Topic: Lowe Financial Services?
Replies: 4
Views: 524

Re: Lowe Financial Services?

I work for a company with a 401k managed by Lowe Financial Services and I helped coordinate our investment options with them. I've enjoyed working with the owner and we've been very happy with them. They are extremely flexible with the investment options available and are committed to providing low ...
by trufflepig
Fri Jul 03, 2020 7:09 am
Forum: Personal Investments
Topic: Long Time Reader - How Am I Doing?
Replies: 36
Views: 3815

Re: Long Time Reader - How Am I Doing?

While I don't think I'd obtain some of the wealth that is in these forums, When considering wealth, don't underestimate the value of your potential pension. A back of the napkin estimate would be that someone w/o a pension would need about 1.5m in savings to purchase a SPIA to match your potential ...
by trufflepig
Thu Jul 02, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17109

Re: What is the best financial decision you ever made?

In order of financial significance: Negotiated equity shares in a start-up which eventually was acquired. Walked away from joining at one point and fortunately they agreed the next day. Received 100% of available 401k match from day 1. Maxed out personal contribution early. Found BH, dropped Morgan...
by trufflepig
Tue Jun 30, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17109

Re: What is the best financial decision you ever made?

In order of financial significance: Negotiated equity shares in a start-up which eventually was acquired. Walked away from joining at one point and fortunately they agreed the next day. Received 100% of available 401k match from day 1. Maxed out personal contribution early. Found BH, dropped Morgan ...
by trufflepig
Mon Jun 29, 2020 7:32 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2211

Re: Effect of open-source software on SWE careers and start-up companies.

I've worked for 25+ years in a cottage industry where hundreds (thousands?) of companies offer software consulting services to government agencies. The vast majority of the custom software solutions these companies build are based on commonly used open source products. The real skill is having engin...
by trufflepig
Wed Jun 17, 2020 8:35 pm
Forum: Personal Investments
Topic: Tax-efficient fund placement vs tax-exempt bond fund
Replies: 10
Views: 654

Re: Tax-efficient fund placement vs tax-exempt bond fund

If you are in a very high tax state (CA is the best example) the munis (or at least some munis) might be the best choice. I like bonds in tax-deferred accounts. Can you rearrange everything to get all or most of the bonds in the tax-deferred accounts? Do you have good low cost choices in those acco...
by trufflepig
Wed Jun 17, 2020 3:32 pm
Forum: Personal Investments
Topic: Tax-efficient fund placement vs tax-exempt bond fund
Replies: 10
Views: 654

Tax-efficient fund placement vs tax-exempt bond fund

I recently received a windfall which has boosted my taxable account balance to a level similar to my tax-advantaged IRA and 401k. My income over the next few years will also be significantly higher than normal - putting me in the 35% or 37% fed tax bracket. I plan to put the windfall in a traditiona...
by trufflepig
Wed Jul 06, 2016 7:36 am
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

Comments in blue... The rebalancing question is for my self-directed IRA which has the vast majority of my portfolio. I actually use a simple 3-Fund portfolio in my non tax-advantaged brokerage account. In my employer sponsored 401k I have a portfolio that approximately mirrors my IRA (given the fu...
by trufflepig
Wed Jul 06, 2016 7:02 am
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

I use a Google spreadsheet for this. For each fund, I apply the googlefinance "changepct" of an equivalent ETF to adjust the "closeyest" of the fund to get an approximate intraday price for the fund. I then make a re-balance decision near the market close so I get a good estimat...
by trufflepig
Sun Jul 03, 2016 10:31 pm
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

I probably should have mentioned earlier, but I use drift for my rebalancing strategy (as opposed to periodic) defined in this thread: https://www.bogleheads.org/forum/viewtopic.php?t=182926 . I feel like the question is really independent of when a rebalance would take place. Regardless of when you...
by trufflepig
Sun Jul 03, 2016 8:27 pm
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

I'll give one explanation, but you will have to do your own due diligence for the rest of the story. In my paperback copy of AAAA © 2006 on p. 130 the last sentence of Chapter 7 before the Note is no longer true. Another thing, if you had read Bernstein's "If You Can" and not Ferri's &quo...
by trufflepig
Sun Jul 03, 2016 7:06 pm
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

Ah, the ol' outdated recommendations that have been subsequently updated with newer products from Vanguard portfolio. That is, the rationale is gone. The reasons for some of those funds to be recommended are gone with the introduction of better products. I need more explanation to understand your p...
by trufflepig
Sun Jul 03, 2016 6:41 pm
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Re: Accurately rebalance mutual fund portfolio [how to]

The rebalancing question is for my self-directed IRA which has the vast majority of my portfolio. I actually use a simple 3-Fund portfolio in my non tax-advantaged brokerage account. In my employer sponsored 401k I have a portfolio that approximately mirrors my IRA (given the funds that are offered)...
by trufflepig
Thu Jun 30, 2016 8:30 pm
Forum: Personal Investments
Topic: Accurately rebalance mutual fund portfolio [how to]
Replies: 24
Views: 2264

Accurately rebalance mutual fund portfolio [how to]

I have been frequenting this forum for quite a while and this is my first post. I want to thank everyone involved in the site - it's an amazing source of information that I recommend to everyone that expresses interest in investing. I have not found religion in my life - but this feels close. I've r...