Search found 96 matches

by dacalo
Wed Oct 09, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Finance or Accounting Degree?
Replies: 81
Views: 5282

Re: Finance or Accounting Degree?

I am a CPA with about 15 years of experience who worked in a Big 4 firm, now in a corporation. Contrary to what most people think, accounting has very little to do with math. Most successful accountants/CPA's I've seen have great communication, people skills, and writing skills, traits that are more...
by dacalo
Thu Oct 03, 2019 11:24 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2338

Re: 100% Stock too Aggressive in 401k Plan?

I am nearing 40 and my 401k is 100% total stock fund. I sleep well at night. If the market goes up, I am happy because my shares are appreciating. If the market goes down, I am happy because I can purchase shares at a discount. Win-win.
by dacalo
Wed Oct 02, 2019 11:33 am
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12971

Re: I pulled out... How do I get back in?

Get back in with the same vindication as when you pulled out.
by dacalo
Tue Sep 17, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 4992

Re: $2k repairs on $12K car

We spent $1,500 on a 13-year-old car worth $3k- $4k with 120k miles on it. It still runs like a champ. So from this perspective, spending $2k on a $12k car with only 70k miles doesn't seem that far fetched. Also, you can do some of that yourself. Like battery change, just get one from Costco and spe...
by dacalo
Fri Sep 13, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant Salary Growth
Replies: 32
Views: 3529

Re: Accountant Salary Growth

You are doing fine. Here is my experience in a Big 4 (be mindful this is in CA where it is VHCOL) excluding bonuses and benefits: Staff 1 - 45k Staff 2 - 50k Senior 1 - 70k Senior 2 - 74k Senior 3 - 79k Manager 1 - 95k Industry Accounting Manager - 120k Technical Accounting Manager/Reporting - 145k ...
by dacalo
Tue Aug 27, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 7697

Re: Should I purchase a $30k car?

You are doing great for your age, go for it. Wife and I did something similar and splurged on a Tesla Model 3 a couple of months ago after her 2012 Honda Fit got totaled (was parked and no one inside thank god). Would have never imagined buying a luxury car but Tesla was appealing to us as an EV, an...
by dacalo
Thu May 09, 2019 10:27 pm
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 12474

Re: What is your U.S./ex-U.S. stock allocation?

100% US past 18 years, have done well.
by dacalo
Thu May 09, 2019 11:21 am
Forum: Personal Investments
Topic: tech funds
Replies: 30
Views: 3511

Re: tech funds

I don't have any specific suggestions, but with my "fun" money, I have been bullish on cyber security and cloud computing/storage solutions and have done very well.
by dacalo
Wed May 01, 2019 6:35 pm
Forum: Personal Investments
Topic: Beginner investor seeks advice in record high stock market [2019]
Replies: 37
Views: 3739

Re: Beginner investor seeks advice in record high stock market [2019]

When the market is down, people panic and are reluctant to invest. When the market is up, people think the market is over priced. See the problem? What about: When the market is down, it's good time to buy at discounted prices, the market will recover in the long run. When the market is up, the mark...
by dacalo
Thu Apr 25, 2019 12:23 am
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 16680

Re: Dump international?

I don't hold any international. I know a lot of bogleheads hold international but I am happy with just holding the US market and I sleep well at night. Jack Bogle in the past has stated that he sees no need to hold any international but if diversification is important for someone, I can see why they...
by dacalo
Sat Apr 20, 2019 6:04 pm
Forum: Personal Investments
Topic: Where to park the next dollar, beyond 401k?
Replies: 12
Views: 1666

Re: Where to park the next dollar, beyond 401k?

Since you two are not yet married, i assume you both are filing as Single status. Do you 2 have any IRA Accounts? If not, are you eligible to contribute to Roth IRA (directly or through Back door Roth)? I would put my next dollar in Roth IRA. Ah yes.. I do have a Roth IRA account. This year we are ...
by dacalo
Fri Apr 19, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best Software for Budgeting/Tracking Investments/Projecting retirement drawdown
Replies: 9
Views: 1409

Re: Best Software for Budgeting/Tracking Investments/Projecting retirement drawdown

I've been looking for one as well, but haven't found one that fits my criteria. FYI, there is Moneydance, Banktivity, and of course, Quicken. I've tried all three on Mac and found them to be not intuitive at all setting up the account initially, but this is my personal opinion and you may think othe...
by dacalo
Thu Apr 18, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 17521

Re: Do not use Personal Capital

I've been using Personal Capital for last couple of years and I sleep well at night. I would imagine they have access to my financial info but I would imagine that is the whole point of their service.
by dacalo
Tue Apr 02, 2019 7:11 pm
Forum: Personal Investments
Topic: Asset allocation?
Replies: 6
Views: 850

Re: Asset allocation?

Just my humble opinion, but at your salary range of $150k - $200k, I would contribute everything to pre-tax 401k to reduce your tax burden. Unless you know something that we don't know, I would start investing now. VTSAX (total stock market) is a good choice. Bonds are recommended to be held in tax ...
by dacalo
Fri Mar 22, 2019 3:41 pm
Forum: Personal Investments
Topic: saving too much?
Replies: 17
Views: 1605

Re: saving too much?

i don't think you can save too much. Better than to be short later, but also reward yourselves when you hit milestones and budget for fun stuff like vacations.
by dacalo
Sun Mar 10, 2019 11:47 am
Forum: Personal Investments
Topic: Should I go all in with Vanguard or "diversify" with Fidelity?
Replies: 37
Views: 4418

Re: Should I go all in with Vanguard or "diversify" with Fidelity?

My 401k is with Fidelity and we use Fidelity’s CMA. We also use Vanguard for our Roths and taxable accounts.
by dacalo
Thu Mar 07, 2019 12:34 pm
Forum: Personal Investments
Topic: Most NON obvious thing for new investors
Replies: 58
Views: 8035

Re: Most NON obvious thing for new investors

How investing successfully is boring and not as sexy as some think. How simplicity is preferred over complexity. Minimal actions and trading. I am also guilty of this. Sometimes, I feel like I want to tinker with something. There are articles out there that recommends certain stocks or funds. Howeve...
by dacalo
Fri Mar 01, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 286
Views: 21606

Re: Talk me in/out of $35k Tesla Model 3

GuineaPig wrote:
Fri Mar 01, 2019 2:07 pm
You have loads of money, so that's not the issue. You can easily afford it.

But I notice that you've got two young kids. Seems to me that your next vehicle should be one that is better for transporting the family, not worse.
It's been decided, Tesla X then! :twisted:
by dacalo
Fri Mar 01, 2019 4:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 287017

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

mighty72 wrote:
Fri Mar 01, 2019 3:00 pm
Okay, after reading and taking my time, I took a plunge today. I am at a couple of decades away from retirement and can live with my investment in this trade going to zero. thanks
Same here, if it works out great, if it doesn't, no biggie.
by dacalo
Fri Mar 01, 2019 12:10 pm
Forum: Personal Investments
Topic: My first attempt at backdoor Roth IRA
Replies: 3
Views: 609

Re: My first attempt at backdoor Roth IRA

I moved $6k from a Vanguard brokerage account to this Rollover IRA account a few days ago. If the “source account” is a brokerage account (taxable, in this case) at Vanguard, that tells me you are on the “upgraded” platform. When you buy or sell anything in that account, there is a built-in “settle...
by dacalo
Thu Feb 28, 2019 8:51 pm
Forum: Personal Investments
Topic: My first attempt at backdoor Roth IRA
Replies: 3
Views: 609

My first attempt at backdoor Roth IRA

Wife started working second half of last year so we will be over the Roth IRA income limit for 2019. Wife had an old "Rollover IRA" account at Vanguard that she used to rollover an old balance from her previous pre-tax 401k plan which we paid taxes on in 2017 tax year to convert all of it to ROTH. S...
by dacalo
Fri Feb 15, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 8502

Re: Did you get spooked by the December 2018 fall and gave up on passive?

Wife and I managed to max out our Roth towards the end of December in lump sum which was great timing in hindsight. No, we weren't trying to time it that way, just got lucky. We just kept buying more and being consistent, nothing changed.
by dacalo
Mon Feb 11, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6310

Re: Newlyweds and joint accounts for household expenses

We keep it simple and we just have multiple joint accounts, all considered "household" income. Wife and I both grew up with parents with joint accounts so it's natural for us.
by dacalo
Mon Feb 11, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover tax reporting question
Replies: 5
Views: 411

Re: HSA Rollover tax reporting question

Did you do a trustee-to-trustee transfer or a 60-day rollover? With a trustee-to-trustee transfer, you sent a form to the receiving HSA custodian, and they handled everything from there. You never got the funds into your possession and you, yourself, never wrote a check to the receiving HSA custodi...
by dacalo
Sun Feb 10, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Rollover tax reporting question
Replies: 5
Views: 411

HSA Rollover tax reporting question

Hello folks, I am working on 2018 tax and we rolled over our HSA from Healthequity to Lively around October. I would assume that we would need to file something similar to 401k rollover but for the life of me I can't find the form number. I've been searching google, TaxAct search and IRS past hour a...
by dacalo
Tue Feb 05, 2019 3:24 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3520

Re: Besides your core.. anyone also hold a play account?

I have around 1% of my portfolio in individual stocks via M1Finance. They are all in cloud technology/cybersecurity industry and are doing very well. Not sure how much more I am going to fund it though
by dacalo
Tue Jan 29, 2019 8:21 pm
Forum: Personal Investments
Topic: Feedback on current situation
Replies: 9
Views: 768

Re: Feedback on current situation

This is what I would do: -Max out 401k, why? You are young and right now is THE time to let your investments grow and compound. You will thank yourself later when you are in 30's -Max out Roth IRA (looks like you are already doing this) -Pay off that car loan ASAP. Why earn 2.2% when you are paying ...
by dacalo
Sun Jan 20, 2019 8:10 pm
Forum: Personal Investments
Topic: REIT in tax deferral account?
Replies: 11
Views: 648

Re: REIT in tax deferral account?

We have 10% allocated in my 401k plan but none in our taxable.
by dacalo
Fri Jan 18, 2019 2:58 pm
Forum: Personal Investments
Topic: Just missed a few days of gains rolling over 401K from Fidelity to Vanguard
Replies: 59
Views: 1923

Re: Just missed a few days of gains rolling over 401K from Fidelity to Vanguard

I changed jobs in early September 2018. I wanted to rollover my 401k from my previous job to my new job. Because the older trustee screwed up and took longer than it should, my 401k was exposed to significant drops in October. I didn't get the funds transferred to my new 401k trustee until November....
by dacalo
Tue Jan 15, 2019 2:59 pm
Forum: Personal Investments
Topic: CIT savings builder account ?
Replies: 14
Views: 1201

Re: CIT savings builder account ?

Just opened one last month with 2.25 rate. They auto adjusted me the same day they raised their new rates to 2.45. Not sure why all the hate here, they've been great for the month I have used them so far. Much better than ally. Ally used to make me call in to rate match when they raised rates or th...
by dacalo
Mon Jan 14, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 484
Views: 55196

Re: What is/ was your career and would you recommend it now?

Accounting I started working in banking actually and studied during nights to earn enough accounting credits for the CPA license. Once I passed the exam, I was networked with a local accounting firm that specialized in banks. After about 4 years there, I went on to a Big 4 accounting firm in the sil...
by dacalo
Fri Jan 11, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12296
Views: 2105152

Re: U.S. stocks in free fall

Gufomel wrote:
Fri Jan 11, 2019 1:04 pm
Sure is quiet in here.
2000 dow drop incoming next week.
by dacalo
Fri Jan 11, 2019 2:31 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17114

Re: Biggest Investment Mistake

Buying a fancy Infiniti G35 coupe back in 2005 when I was in my mid-20's. Should have invested in VTSAX and I could probably add more than $150k to my NW.

Selling Chipotle too early. Picked it up when it spun out of McDonalds for $55 per share.
by dacalo
Fri Jan 04, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant CU 3/2.5% Visa application process
Replies: 18
Views: 1464

Re: Alliant CU 3/2.5% Visa application process

In addition to customer service, any issues with slow posting of payments. For example, you have a $5K credit limit, you spent $1K, you pay the $1K, so your balance is $0, but your credit limit is still $4k for another week. I haven't noticed that but our limit is $20k and we don't go anywhere near...
by dacalo
Tue Dec 25, 2018 6:59 pm
Forum: Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 2894

Re: Can I front-load 401k contributions?

You should check to see how your employer calculates their company matching contribution to make sure you are not missing out on any of this free money. For example, if employer limits their contribution to some percentage per paycheck then you might not get any contribution after your contribution...
by dacalo
Thu Dec 20, 2018 5:55 pm
Forum: Personal Investments
Topic: Another newbie investor who's feeling the pain and would like advice
Replies: 46
Views: 5857

Re: Another newbie investor who's feeling the pain and would like advice

I am about 7 years younger than you, and I vividly remember 2008 with a lot of people panicking. I understand that it's not the same market but the panics are the same. Nobody knows when the market will recover, wife and I continue to invest as usual into the market. I personally feel absolutely fin...
by dacalo
Thu Dec 20, 2018 5:43 pm
Forum: Personal Investments
Topic: 401k Fund Review
Replies: 13
Views: 990

Re: 401k Fund Review

It's just me, but I would just fund BNY S&P500 fund. Dodge &Cox would seem redundant with the S&P fund, not to mention expense ratio is high. TRowe Price Blue Chip Growth seems way too expensive.
by dacalo
Tue Dec 04, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 7299

Re: Best online banking accounts?

We use Alliant Credit Union, been with them for ~3 years now.

We still have Fidelity CMA and Ally Savings but we split our cash between Alliant and Vanguard PMM. The reason we moved to Alliant was the ability to deposit cash via ATM which wasn't available through other online only bank services.
by dacalo
Tue Dec 04, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12296
Views: 2105152

Re: U.S. stocks in freefall

dacalo wrote:
Tue Dec 04, 2018 3:15 pm
Yawn, just another day. This will be forgotten just like other significant drops in the long-term. I am 100% equities btw. Wish I can buy more.
by dacalo
Tue Dec 04, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12296
Views: 2105152

Re: U.S. stocks in freefall

Yawn, just another day. This will be forgotten just like other significant drops in the long-term. I am 100% equities btw.
by dacalo
Tue Nov 27, 2018 4:18 pm
Forum: Personal Investments
Topic: Savings Goals - Split or one goal at a time
Replies: 22
Views: 1034

Re: Savings Goals - Split or one goal at a time

Hi OP - we are in similar situation. We max out our tax advantaged accounts but we don't consider then as "emergency fund" although a few pointed out in this thread that they are available. We are currently trying to save for a new car, build an emergency fund, and also save for a vacation. We also ...
by dacalo
Wed Nov 07, 2018 12:41 pm
Forum: Personal Investments
Topic: Should I wait to deposit my 401k rollover check from Fidelity?
Replies: 14
Views: 988

Re: Should I wait to deposit my 401k rollover check from Fidelity?

I just rolled over my 401k from previous employer to the new one within past 2 weeks. Yes it was tumultuous but I don't really care looking at the big picture. As others said, it's all about time in the market. So nice that Fidelity has deposit feature via their phone app so I don't have to snail ma...
by dacalo
Fri Oct 26, 2018 7:40 pm
Forum: Personal Investments
Topic: Nervous about staying the course
Replies: 33
Views: 4362

Re: Nervous about staying the course

Stay the course. The market is being discounted currently so you get to pick up additional shares.
by dacalo
Wed Aug 15, 2018 6:02 pm
Forum: Personal Investments
Topic: Retirement guidance for 38 yr old in Silicon Valley CA
Replies: 13
Views: 2584

Re: Retirement guidance for 38 yr old in Silicon Valley CA

You may be waiting a long time for a housing crash in the bay area. We were fortunate to buy one back in Sept 2017 in San Jose, and it only has gone up 20%. With demand far outpacing supply, even with a country-wide crash I am not sure how much silicon valley area homes will be minimally impacted.
by dacalo
Wed Jul 18, 2018 12:34 pm
Forum: Personal Investments
Topic: When to invest 100000?
Replies: 40
Views: 5013

Re: When to invest 100000?

I remember seeing a similar post (this kind of post pops up regularly in the forums I read) a few weeks back or so. During that time frame, I have been regularly investing and have over 4% gain. Of course, the market could have gone down instead, but how would have I known? I don't, so I just invest...
by dacalo
Mon Jul 16, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 35
Views: 9011

Re: Big 4 Who Jumped to Industry - Compensation

Ex Big-4 here who worked in the Bay Are in audit. Left just before my second year as manager and received over 50% increase in total comp. Much less hours (up to 90 hours vs. 40 hours) with work/life balance, enjoying it very much.
by dacalo
Thu Jul 05, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 11
Views: 1263

Re: Career Advice

Having 30 min total commute vs 120 min makes a ton of difference in life and is worth a lot, especially with a little kid at home You don't mentioned what your partner does, but little kids and time flexibility is a great boon that eliminates a lot of trouble (like emergency daycare or taking off w...
by dacalo
Thu Jul 05, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 11
Views: 1263

Re: Career Advice

I can coast in this job, earn my paycheck and save while retaining the flexibility. But a part of me is scared of being stagnant and not learning anything new; this is what made me stay in public accounting for a while. All the jobs I have looked would significantly increase my commute, from curren...
by dacalo
Thu Jul 05, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 11
Views: 1263

Career Advice

Hello Bogleheads. I know there are many wise minds in this forum so I just want to throw my situation out there. Situation: I am a CPA currently working in accounting/finance as mid-level management. I've paid my dues with over 7 years of public accounting, including 4 years at a big 4. I worked in ...
by dacalo
Sun Jun 24, 2018 11:57 pm
Forum: Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 12898

Re: Stocks vs. rental property

Just to provide one point of view: We bought our San Jose home back in September. It was listed $770k and we submitted an offer for $850k that was accepted (our's wasn't even the highest). Now it is worth around $960k. There was a home we were interested in downtown area at the time listed around $6...