Search found 74 matches

by youdiditr2
Wed Jul 18, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 113
Views: 5978

Re: Anyone not have a Budget?

I don't have a budget.

I max out my 401k, my Roth, and my HSA, then the left I spend as needed.

No need to stress myself out as long as I'm maxing out on retirement savings, $40k plus.

I'm scared at looking at my annual credit card spending though!
by youdiditr2
Sat Jun 23, 2018 1:43 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14711

Re: Did you celebrate when you finally hit $1m?

that's $900 a month...not $900k...lots of fired CEO are getting $900k a month though after being fired!
by youdiditr2
Sat Jun 23, 2018 1:42 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14711

Re: Did you celebrate when you finally hit $1m?

When I was young, I would never imagine being a "millionaire." Now I'm 45 and I'm only 80k away from being a millionaire(despite making many poor investments), I just don't feel like a millionaire. I guess I could say I'm a millionaire if I count my vested pension. My frozen vested pension plan will...
by youdiditr2
Mon May 07, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs
Replies: 32
Views: 4650

Re: WSJ--Fidelity Employees Fired After Alleged Misuse of Reimbursement Programs

what kind of computers were they buying that cost $10k???? 20% remibursement = $10 k computer
by youdiditr2
Tue Apr 17, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 198
Views: 16461

Re: Is Los Angeles a good place long term to live financially?

1. I'm sure they have MBA schools. 2. "Good paying" can be defined a number of ways. 3. Counterpoint--in LA there are lots of beautiful men with high net worth competing for those women. (Edit: I don't like how I phrased this. I think the point I was trying to make is apparent, but I didn't do it w...
by youdiditr2
Sat Apr 14, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 126
Views: 19265

Re: Tipping for restaurants where you order at the counter

I wont' tip at counter.

I feel mad when I have to tip the 15% for average or bad server. Feel like a lemming.


I love going to Asian countries because you don't have to tip. The 10% or 15% is part of your bills or not part of your bills. They get offended if you tip
by youdiditr2
Wed Mar 28, 2018 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 3952

Re: Los Angeles Condo Purchase Advice

LA had a bear market in the mid 80, mid 90, 2007-2012...so we're almost there unless you think it's different this time. It's like 2005 where everyone ask themself, HOW THE F IS EVERYONE ABLE TO AFFORD THIS STUFF? I ask myself this today...very few people are making $400k a year Two people making $...
by youdiditr2
Wed Mar 28, 2018 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 3952

Re: Los Angeles Condo Purchase Advice

I have lived in downtown LA for 15 years and been renting the entire time. Sure, I could have bought a condo that was selling for $600k in 2008, and then back down to $300k in 2010, but it just doesn't make sense with the property tax and the $700 a month in HOA for these condos. It's been almost 10...
by youdiditr2
Tue Mar 27, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 30
Views: 7479

Re: More bad news for Wealthfront

Just the simple math without bringing in the risk parity stuff: 8 Billion X 25 bps = 20,000,000 in revenue, total. They have to be bleeding cash at that level. So even if they find places to add revenue and continue to add assets they are a long ways from profitability/sustainability. These will no...
by youdiditr2
Sun Mar 18, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Does credit score matter if you never plan to borrow money again?
Replies: 44
Views: 4425

Re: Does credit score matter if you never plan to borrow money again?

I wouldn't pay it. If everyone pay a debt that isn't theirs, all these debt collector would be sending us letters and calling us for debts we don't owe. Oh wait, they already do. I work in the financial industry and they run credit score for employment, so doesn't my apartment, and insurance, etc., ...
by youdiditr2
Tue Feb 27, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: Does anyone realize how special last year was?!
Replies: 38
Views: 6124

Re: Does anyone realize how special last year was?!

I just added up my #'s and didn't even realize how close I am to being a Millionaire! Started with $700k in 2017 and added up the #'s tonight and I'm sitting close to $900k. Damn, if only I stay invested in SP500 instead of gambling on individual stocks, I would have been a millionaire already! My T...
by youdiditr2
Tue Feb 27, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 72
Views: 14217

Re: PurePoint 1.25% online savings $10K min

it's 1.75%?? Wow . And I was happy to get 1.6%
by youdiditr2
Fri Jan 26, 2018 1:11 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 25429

Re: 401k millionaires

I am about to hit $100k right before my 31st Birthday. The only way I will ever see $1M in there is through compounding. Which over the course of 3 decades, should End up somewhere between $500-750k in today's dollars. my 401(k) was $120k in 2009, after it dropped from $200k from 2008. It's now $70...
by youdiditr2
Tue Jan 09, 2018 10:34 pm
Forum: Investing - Theory, News & General
Topic: So...When Will the Tencent Bubble Burst?
Replies: 13
Views: 2118

Re: So...When Will the Tencent Bubble Burst?

Tencent controls everything in China. WeChat, video games, epayment.
by youdiditr2
Thu Oct 12, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 7824

Re: Best Career Advice for those over "50"

I'll be 50 in 5 years. If the stock market doesn't crash, I hope to be retired. I work in the Financial Industry and every 6 months since the great recession, we have "re-structuring" which means laying off older folks. Seem so many people over 50 laid off that we're conditioned to it in our company...
by youdiditr2
Fri Oct 06, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 85
Views: 9809

Re: Pension Freeze - What did you do?

My company did the same thing 2 years ago. We had a DBPP and they got rid of it and turned it into a Defined Cash Balance Plan. % is based on age. They contribute 5% to the DCBP and the rate of return is based on 30 T Bonds...so not getting much with record low interest rate. We also had a Health In...
by youdiditr2
Fri Sep 29, 2017 11:11 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 9619

Re: What will happen if I refuse to pay a medical bill?

The posters stating you should have contacted your insurance company may have a valid point and no doubt you will be doing that in the future, but I am with you on this docbrown. Hooray! So back to my first question -- when this unpaid bill shows up on my credit report, will I be treated like a lep...
by youdiditr2
Fri Sep 22, 2017 10:31 pm
Forum: Personal Consumer Issues
Topic: Management career job search
Replies: 8
Views: 1122

Re: Management career job search

Volunteer for project. Take lead in assignment. Become a subject matter expert in something. Kiss up to people that can put you in management.
Knowing the right people is just as important as knowning your job. Most manager don't even know crap about what their reports are doing!

That worked for me!
by youdiditr2
Thu Sep 21, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment searching with frozen credit
Replies: 9
Views: 1229

Re: Apartment searching with frozen credit

I ask them which Agency they use or if I can print out a copy of my report from the Agency they use and some apartment accept my copy. Still charge me the $35 credit check though!
by youdiditr2
Tue Sep 12, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze affects SSA online account
Replies: 22
Views: 4896

Re: Credit Freeze affects SSA online account

Do you have to unfreeze all 3 or just Equifax? They told me I have to go in person. I rather unfreeze my account than waste an entire work day at SS This is what they told me when I tried to login We will not be able to verify some people through our verification process when they try to establish a...
by youdiditr2
Tue Aug 29, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 7634

Re: When to give resignation notice

I would do what is in the best interest of you.

They aren't going to be thinking about your vesting pension if they have to lay you off.
by youdiditr2
Mon Aug 28, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's doctor sent bill to collections without ever mailing anything to us
Replies: 10
Views: 2048

Re: Wife's doctor sent bill to collections without ever mailing anything to us

That kept happening to my wife. They kept sending it to my old address and I told them each time, but they kept sending it to the old address and it ended up going to Collection before we could even pay. Oh well, only 2 more years before it drops off the credit report. We're not paying it since the ...
by youdiditr2
Tue Aug 22, 2017 12:18 am
Forum: Personal Consumer Issues
Topic: Rental car booted for prior unpaid parking tickets
Replies: 31
Views: 4277

Re: Rental car booted for prior unpaid parking tickets

I rented a car 20 years ago and received 2 parking tickets in 2 hours. Never did pay for it and never received any mail from the rental car company or the city. I wonder if I have a warrant out for my arrest for unpaid parking ticket?
by youdiditr2
Thu Aug 17, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 18908

Re: Lost $7000 today in ONE DAY!

I'm down $20k tomorrow. Oh well. I bought some fried chicken to ease my pain :beer
by youdiditr2
Fri Aug 11, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Elite status clubs that you are part of?
Replies: 31
Views: 4089

Re: Elite status clubs that you are part of?

littlebird wrote:Amazon Prime :happy
Welcome, brother! I too am part of this Amazon Prime Elite club
by youdiditr2
Thu Aug 10, 2017 1:15 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 7679

Re: I pay $6K in rent. Am I an idiot for not buying?

At your income level, the home mortgage is pretty much the only tax deduction you have. I would buy just to get the 50% government subsidy. But the down town condo market is crazy. I think it is over priced. They couldn't move these condos for $300k in 2009, and now they're $900k with $750/month HO...
by youdiditr2
Thu Aug 10, 2017 12:17 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 7679

Re: I pay $6K in rent. Am I an idiot for not buying?

Where in the downtown LA is $6k a month??? I live in Downtown LA also and wouldnt' buy. Been living in Downtown LA for 14 years and and getting tired of all the crazy and homeless. Still don't regret not buying after 14 years.
by youdiditr2
Tue Aug 08, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 21335

Re: Life at crossroads. What would you do ?

How so ? My expenses are Rent + Utilities: $36,000 per annum. But rent controlled. So I don't expect rent to go up very much. Tuition: $24,000 per annum. Vacation: $10,000 per annum. [We will get rid of this] Food, clothing etc: $30,000 per annum [Maybe some opportunity to squeeze here] So ok. Down...
by youdiditr2
Tue Aug 08, 2017 10:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Los Angeles meetings
Replies: 145
Views: 17667

Re: Bogleheads Los Angeles meetings

I will attend if the schedule works. Some years back attended meetings in LA/OC and even hosted a couple in Pasadena. Nice to meet and talk to kindred spirits. Downtown near a metro is a good idea. Anything ever happen here ? Landlording! Local or remote? I'm currently a remote landlord. (Have prop...
by youdiditr2
Tue Aug 08, 2017 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Resting and Vesting
Replies: 4
Views: 1275

Re: Resting and Vesting

edge wrote:I've had this happen once as a senior executive. Just waited for retention bonuses and vesting to pop before moving on.
I saw 3 senior executives do this about 3 years ago. Then all 3 quit at about the same time. I heard they turned 55.
by youdiditr2
Fri Jul 21, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 10453

Re: Anyone else extremely frugal?

Dont know what it is with me. Im very basic. Havent bought clothes in 2 years. Can go without eating lunch just to save $5. Kinda want new shoes but dont really "need" them. It kinda sucks. I make about $40k a year, which is peanuts, but surely i should be able to purchase goods in life without fee...
by youdiditr2
Fri Jul 21, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Help with career direction
Replies: 13
Views: 1944

Re: Help with career direction

For what it's worth. I hated my profession (not job, profession) for a long time, but I'm good at it. So I made the jump to a lower paying job on the condition that I know the job is 9-6 M-F. My old job was 60+ hr/wk. I made peace with the idea of doing something I hate for 45 hours a week but not ...
by youdiditr2
Thu Jul 13, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 6342

Re: When to max out 401k (Aspiring Early Retiree)

I started maxing out at age 27. 17 years later, my 401k is worth $600k, even though I took $80k out about 5 years ago, thinking I would buy a house, that didn't happen.

Max out early and by the time you're in your 40's , you will only need to contribute to match.
by youdiditr2
Wed Jun 28, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 10841

Re: Middle age job blues

> What does being white have to do with any of this? Nothing apart from the fact that a great number of those studying IT-related things are from China or India. Besides new training- there are some trailing-edge jobs. I hear Cobol programmers are very hard to find, and some systems apparently stil...
by youdiditr2
Sat May 27, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Private Pension Cuts
Replies: 30
Views: 4868

Re: Private Pension Cuts

My company got rid of my DBPP and changed it to as Cash Balance PP. I'm grandfathered into the old DBPP and get $900 a month in 10 years, but any future benefit will be into Cash Balance. Instead of contributing about $12k a year into the pension plan, now the company will give me about $5k to $6k a...
by youdiditr2
Sun Apr 30, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 11291

Re: Dealing with regret

you move on. I had $100k during the internet boom in 2000. That went to $4k. I was worth $4k in 2000 after losing everything in the market.

Now back up to $800k. No risk, no reward.

Just use the lose as a learning lesson.
by youdiditr2
Wed Apr 26, 2017 12:38 am
Forum: Personal Consumer Issues
Topic: Traveling to Japan
Replies: 37
Views: 4933

Re: Traveling to Japan

Just came back from Japan after a 3 weeks trip. Used Google Project FI the entire time and it worked out great. Use Google map to navigate the entire country. Visted 8 cities without the use of a taxi or a guide. Traveling is so easy in Japan(thanks to Google Map). Train came at EXACTLY the time lis...
by youdiditr2
Wed Apr 26, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles house buying
Replies: 38
Views: 5132

Re: Los Angeles house buying

The low net worth came from teaching in academia for about 10+ years. I currently work in investment management in a technological role. The jobs are mainly in NYC, some in Chicago. Not many jobs in LCOL - but as I said earlier, the investment field is becoming more passive (why am I posting on Bog...
by youdiditr2
Mon Mar 27, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Boston apartment hunting advice/can I afford a studio?
Replies: 48
Views: 4727

Re: Boston apartment hunting advice/can I afford a studio?

Look for apartment next to public transportation so you won't need a car.

You can afford $1500 a month on $60k, only if you don't have a car. You'll be living pay check to pay check if you have a car and paying $1500 a month, eating cat food or ramen
by youdiditr2
Wed Mar 22, 2017 1:31 am
Forum: Personal Consumer Issues
Topic: Short visit to Hong Kong - "must do/see"?
Replies: 16
Views: 1787

Re: Short visit to Hong Kong - "must do/see"?

If you go to the Peak, make sure it's on a clear day. I went there when it was misty and couldn't see anything. Just fog the entire time and this was during May.

I actually liked Hong Kong Disneyland. Don't shoot me!
by youdiditr2
Mon Mar 20, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 51
Views: 8605

Re: Anyone taken a mid-career sabbatical?

I tried to get a 60 days unpaid leave and my boss wouldn't let me. They said I had to get a medical leave if I wanted 60 days, even though company policy allows 60 days unpaid leave every 12 months, at manager's discretion of course. I think I wouldn't feel so burnt out if I could get away for 60 da...
by youdiditr2
Mon Mar 20, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5858

Re: My son wants to move to Hong Kong

"And this is my opinion part -- if you are an American NOT OF ASIAN HERITAGE -- you will be seen as a higher class by most people in Hong Kong (and Asia in general). You may have been just some dude smoking weed behind the 7-11 parking lot but go to Hong Kong and you're now just a notch below Princ...
by youdiditr2
Mon Mar 20, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5858

Re: My son wants to move to Hong Kong

Will they need to get married before he leaves for Hong Kong? NO Will he need a visa? If so, what type? NO. Hong Kong resident and USA resident can visit respective country for 90 days without a VISA Does he need any additional sponsorship besides her? From an employer, for example? Need to apply if...
by youdiditr2
Mon Mar 13, 2017 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Just got my annual review today
Replies: 23
Views: 5135

Re: Just got my annual review today

My advice would be to suck it up and be happy you still have a job at age 47 in IT for a Fortune 10 company or look for a new job someone else. After age 40, you're looked at as a liability and an expenses to management. In my company, one of the top 5 financial institution in the world, we axe peop...
by youdiditr2
Fri Feb 03, 2017 2:51 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 320
Views: 32098

Re: Annual Vacation Budget

Going to Japan for 3 weeks for Cherry Blossom and plane tickets and hotel already $10k. Probably end up spending $20k on the trip. Oh wellllll, you only live once!!!! I probably could be retired by now if I didn't spend $10k to $20k a year on internation trip. But better to spend it than die at work...
by youdiditr2
Sat Jan 21, 2017 3:07 am
Forum: Investing - Help with Personal Investments
Topic: Trying to get on track
Replies: 35
Views: 2929

Re: Trying to get on track

damn bro, $1900 a month on grocery? Geeez. What are you guys eating?

I thought I was wasting a lot of money on $800 a month for 2 people.

You got some crazy expenses!
by youdiditr2
Wed Jan 18, 2017 1:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard's old "free" TurboTax. Was it really free?
Replies: 11
Views: 2055

Re: Vanguard's old "free" TurboTax. Was it really free?

Was this a case where non-Flagship customers were subsidizing Flagship customers (just as Flagship customers who never call Vanguard and who get all their documents electronically conceivably subsidize customers who spend a lot of time with Vanguard reps and who prefer to have documents mailed to t...
by youdiditr2
Thu Dec 15, 2016 12:31 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 40
Views: 4786

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

Bought 2 pairs of Allen Edmonds shoes for around $200 to $300 each and after wearing them for about 150 days a year for 3 years, both shoes either up with a hole on the bottom of the shoes. Guess it doesn't matter how expensive the shoes are and how long they last if you wear them over 150 days a ye...
by youdiditr2
Thu Dec 08, 2016 2:23 am
Forum: Investing - Theory, News & General
Topic: McDonald's Stock
Replies: 103
Views: 11909

Re: McDonald's Stock

I own some MCD, but wonder about holding it. There has been no sales growth over the past four years, and in fact have been declines. They seem to have had their market invaded by other dining alternatives that force them to swim upstream. Their customer, I think, is older, and less affluent. The p...
by youdiditr2
Sat Nov 26, 2016 3:24 am
Forum: Personal Finance (Not Investing)
Topic: How to become a "U.S. citizen residing overseas"?
Replies: 26
Views: 4735

Re: How to become a "U.S. citizen residing overseas"?

I moved out of CA twice and each time they tried to come after me for state taxes and forced me to prove I lived in another state. They love their taxes in CA!!!!