Search found 125 matches

by Stick5vw
Sun Jun 28, 2020 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of joining a company that is being acquired?
Replies: 10
Views: 1272

Re: Pros/cons of joining a company that is being acquired?

Thanks for the responses. The job is by no means in the bag, as I still have the interview with the hiring manager (and I suspect a few other people will get involved before this is decided). But so far the dialogue has been reasonably positive and there seems to be some urgency to get this done. Ho...
by Stick5vw
Sat Jun 27, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6489

Re: Job offer in Bay area - things to consider?

Everyone I know who moved to the Bay Area from NYC (as my prior company has big offices in both places) loved it. Quality of life immediately went up especially if you are more of an outdoors-y type. The X factor is obviously cost of living and salary adjustments. I've found this guide to be a usefu...
by Stick5vw
Sat Jun 27, 2020 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of joining a company that is being acquired?
Replies: 10
Views: 1272

Pros/cons of joining a company that is being acquired?

I am in the middle of interviews with a company that is being acquired, subject to regulatory approval. Final interview with the hiring manager will be in about 10 days. Has anyone joined a company just before an acquisition was approved, and if so, any lessons learned, landmines to avoid, key consi...
by Stick5vw
Tue Jun 23, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 78
Views: 11362

Re: Job burnout - Keep grinding or change?

It's interesting (maybe distressing is a better word.....) how often posts regarding burnout pop up on bogleheads. It's a challenge for many (myself included!) esp in the phase of life where one is often hustling hard in their job to save $$ while trying to do what's right for themselves and their l...
by Stick5vw
Tue Jun 23, 2020 11:13 am
Forum: Personal Investments
Topic: Should I do a Roth conversion?
Replies: 6
Views: 675

Re: Should I do a Roth conversion?

Thank you all. I will probably go ahead with the T-IRA conversion over the coming weeks.
by Stick5vw
Fri Jun 19, 2020 11:50 am
Forum: Personal Consumer Issues
Topic: Anybody moved out of State recently.
Replies: 27
Views: 2469

Re: Anybody moved out of State recently.

Great thread, as I'm about to move states myself....

I guess you may be a bit older than me, but also a few hoops to jump through when thinking about finding schools for kids at the new destination too.
by Stick5vw
Fri Jun 19, 2020 11:19 am
Forum: Personal Investments
Topic: Should I do a Roth conversion?
Replies: 6
Views: 675

Should I do a Roth conversion?

Hi all - would welcome the forum's views on whether I ought to do a Traditional --> Roth IRA conversion. Background: my family and I are currently living in Florida, but likely moving to the NY area within a month.  Converting while still resident in Florida (which has no income tax) is a key consid...
by Stick5vw
Mon Jun 15, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should you take a counteroffer from your employer?
Replies: 34
Views: 3476

Re: Should you take a counteroffer from your employer?

You mention that you consider yourself mid-career and are trying to climb the ladder. As someone who has done this, here's my advice-- focus on the experiences that will enable you to do this. You mentioned that your first priority is compensation, but if you want to climb the ladder, your first pr...
by Stick5vw
Fri Jun 12, 2020 10:09 pm
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2134

Re: Hedging equities?

I am sort of in the same boat here. I am US based now but still have about $150k in a UK pension that I amassed from 4 years of contributions from 2010-2014, which includes some healthy market gains over that period as well - it's been sitting in passive global equities for almost the whole time. T...
by Stick5vw
Fri Jun 12, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I make this career change?
Replies: 11
Views: 1638

Re: Should I make this career change?

The new role sounds like a challenge and opportunity to develop new skills. What's the worst that can happen? You may actually enjoy it, probably get paid more eventually (though I'm confused why salary would not increase now for a seemingly larger remit?), and set yourself up for greater responsibi...
by Stick5vw
Fri Jun 12, 2020 1:59 pm
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2134

Re: Hedging equities?

I am sort of in the same boat here. I am US based now but still have about $150k in a UK pension that I amassed from 4 years of contributions from 2010-2014, which includes some healthy market gains over that period as well - it's been sitting in passive global equities for almost the whole time. Th...
by Stick5vw
Thu Jun 11, 2020 10:17 pm
Forum: Personal Consumer Issues
Topic: Best car between $15,000 and $20,000?
Replies: 29
Views: 2586

Re: Best car between $15,000 and $20,000?

My 2017 Kia Forte was $15k out the door when I bought it. Still happy with it, and I like the 60k warranties that come with Kia and Hyundai. My '17 jetta was <$14K OTD new. Not sure if you can still get them that cheap, but when we were test driving the jetta was vastly superior to anything else we...
by Stick5vw
Sun May 31, 2020 9:50 am
Forum: Personal Investments
Topic: Recommend a China-focused, risk-seeking fund
Replies: 31
Views: 1942

Re: Recommend a China-focused, risk-seeking fund

Matthews is a solid shop although have seen a lot of outflows and underperformance lately. BlackRock also offers a very compelling quant China A share strategy with strong track record. I’ve debated taking some concentrated China views for a while. (Though equally working for 5 years in China was a ...
by Stick5vw
Sat May 23, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Designing a Better Life At Age 40
Replies: 15
Views: 2741

Re: Designing a Better Life At Age 40

A lot of good advice here. I did something like this last year and left a stressful job paying $400k a year and took a career break. (Which may now last longer than I planned because of covid...) My two cents: Where are you thinking of moving and into what job/field? Without more detail the plan doe...
by Stick5vw
Tue May 12, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 50
Views: 9368

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Sounds like a memorable experience, despite the challenges. Try learning some Portuguese!

Sooner or later things will loosen up and hopefully you can check out a few more places in Europe besides just Poland.
by Stick5vw
Fri May 01, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice in deciding to take a new role
Replies: 5
Views: 490

Re: Looking for advice in deciding to take a new role

Think about the job you’ll have / want after the job you are looking at. Will your current role or your new role position you better for that? go where you will learn the most and develop new skills. If you feel there is more to learn in your current role, make sure you do that - but as noted above ...
by Stick5vw
Sat Apr 25, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12987

Re: Moving out of NYC due to pandemic

I moved to NYC for a medical scientist training program about ~20 years ago. I ended up staying way too long, for about ~18 years. I started off with a group of physicians and other allied professionals who were very supportive, nurturing, and collegial, in addition to providing excellent compensat...
by Stick5vw
Sat Apr 25, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12987

Re: Moving out of NYC due to pandemic

Interesting debate. Have considered moving back to NYC for a while so following events very closely. Lived there in late 90s (pre 9/11) and then again for a few years pre-GFC (leaving just before Lehman Brothers crashed). I surely have rose-tinted glasses, but both were memorable periods of my life ...
by Stick5vw
Thu Apr 23, 2020 7:27 pm
Forum: Investing - Theory, News & General
Topic: Does anyone use global cap weight plus a set domestic tilt for equities?
Replies: 64
Views: 2462

Re: Does anyone use global cap weight plus a set domestic tilt for equities?

I think I chimed in to some of the other posts by siamond (and you too goonie), but my current equity weightings have been in line with MSCI ACWI for about the last 10 years (when I started to get serious about investing/saving and getting my finances into shape). However I'm now considering a tilt ...
by Stick5vw
Wed Apr 22, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63803

Re: So bottom is probably behind us....right?

I would love for this to be over, but I fear we may start seeing secondary and tertiary consequences of the freeze in economic activity: Credit events seem to be around the corner, oil prices are plunging based upon lower expected demand (ie very weak economy) over coming months, etc etc. Consumer s...
by Stick5vw
Tue Apr 21, 2020 11:17 am
Forum: Personal Investments
Topic: (3FP) - How much intl?
Replies: 18
Views: 1172

Re: (3FP) - How much intl?

FWIW, I've been at market weight relative to MSCI ACWI (56% USA, 35% Intl, 9% EM) for years, although I'm now considering a tilt within the portfolio over the next cycle where it would be somewhere between 60-65% USA. If 2008-9 is any indication, the USA will take its lumps (and there will be a lot ...
by Stick5vw
Mon Apr 20, 2020 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: No longer desiring promotion - change career?
Replies: 43
Views: 2898

Re: No longer desiring promotion - change career?

Out of curiosity, what sort of organization do you work for? In many places (from what I've seen) within the financial services industry, there is a slight "up or out" mentality and it's actually frowned upon if you are seen to be coasting or not looking for "growth" anymore. I once turned down an e...
by Stick5vw
Mon Apr 20, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10331

Re: Laid off!!

Lots of great advice on here. I have also sadly seen layoffs happen numerous times, and almost always it becomes quite an emotional process for all involved - obviously for the people unfortunately let go, but also those left behind (including higher-ups) who often are fighting for their own surviva...
by Stick5vw
Thu Apr 16, 2020 1:38 pm
Forum: Investing - Theory, News & General
Topic: 50 Years of Investing in the World
Replies: 45
Views: 4832

Re: 50 Years of Investing in the World

Great analysis. I'm trying to identify the "bottom line" for an equity portfolio that (in my case) basically follows the MSCI ACWI - which is split roughly 56% US, 35% International, and 9% EM. Sorry if I missed it, but if the takeaway is to tilt 20% higher towards domestic, what would the MSCI ACWI...
by Stick5vw
Wed Apr 15, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tech job switch during pandemic: benefits/risks?
Replies: 31
Views: 3241

Re: Tech job switch during pandemic: benefits/risks?

Can you quantify the "significant pay increase" for us? How large is the jump? If your learning curve is going flat, that's not a good sign. Big reason to leave, in and of itself. You also sound a bit tired of the company itself. Do you want to work 100% remote / from hom? But this would mean you ea...
by Stick5vw
Wed Apr 15, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: How long for executive to get up to speed?
Replies: 28
Views: 3073

Re: How long for executive to get up to speed?

I’d think about something like assessment & discovery in days 0-30, plan formulation and gathering feedback on the plan days 30-60, then hit short term goals/low hanging fruit/stupid problem fixing both along the way and days 60-90. Also, keep people informed of the process and the results and be w...
by Stick5vw
Mon Apr 13, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: How long for executive to get up to speed?
Replies: 28
Views: 3073

Re: How long for executive to get up to speed?

Congrats on the new role. I’d say 3-4 months max, but it depends on what type of role you have and indeed the culture of the organization. First 90 Days is a good read. Before you took the job, they didn’t ask you to sketch out any observations or suggested changes etc? In numerous interview situati...
by Stick5vw
Mon Apr 13, 2020 1:22 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7875

Re: What's behind huge layoffs at unicorns?

Why lay off workers? Reduce expenses Lower burn rate - most of the capital at unicorns isn’t technically theirs (comes from VCs or Ángels who as per other links are demanding they preserve capital). I mean, some of these firms still aren’t even profitable, right? So the chances that a VC can exit wi...
by Stick5vw
Sun Apr 12, 2020 5:14 pm
Forum: Investing - Theory, News & General
Topic: Why does anyone invest in China funds?
Replies: 70
Views: 3793

Re: Why does anyone invest in China funds?

Having spent a lot of time in China, my take is that there is actually quite a bit of freewheeling capitalism there, which leads booms and busts just like anywhere else. Heavily consumer led market, lots of innovative technology coming online etc makes for some interesting developments. As long as y...
by Stick5vw
Sun Apr 12, 2020 2:57 pm
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32591

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

I personally wouldn’t invest a penny (and I haven’t) until we start seeing some earnings to know what is happening inside of public companies. Suspect we will hear about quite a gloomy atmosphere for several quarters - so yes my personal view is that this will be a bear market rally, unless we see ...
by Stick5vw
Sun Apr 12, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: Head Fakes and Dead Cats .. your thoughts on the rally?
Replies: 386
Views: 32591

Re: Head Fakes and Dead Cats .. your thoughts on the rally?

I personally wouldn’t invest a penny (and I haven’t) until we start seeing some earnings to know what is happening inside of public companies. Suspect we will hear about quite a gloomy atmosphere for several quarters - so yes my personal view is that this will be a bear market rally, unless we see U...
by Stick5vw
Sun Apr 12, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 140
Views: 10486

Re: If you have a sizable portfolio, you don't need an emergency fund

I see the logic here but for me (as others have mentioned) prefer the “sleep at night” comfort knowing there’s 6-12 months of expenses available anytime. Yes there is a cash drag but my portfolio is still around $1mn, and I don’t want to be a (potential) forced seller in a down market where I may al...
by Stick5vw
Fri Mar 27, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Career choices for young man
Replies: 22
Views: 2440

Re: Career choices for young man

With that background a three letter government agency could be a very good move. Depending on the level he comes in it staring pay could be low but with smarts, a strong work ethic, and a willingness to change jobs there are solid opportunities to move up to GS 14/15 positions within a few years wh...
by Stick5vw
Thu Mar 26, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: Any other investors with 70/30 portfolio?
Replies: 110
Views: 20210

Re: Any other investors with 70/30 portfolio?

What happened to the old 100-age/age allocation that used to be recommended? it's a good starting point but you are sure missing out a lot during the bull market and remember bull run is long and bear attack is usually short-lived. This, and life is expensive. I haven’t run the numbers, but having ...
by Stick5vw
Wed Mar 25, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14635

Re: What have you learned from this situation that you will take action on?

What comes to mind for me 1/ happy to have trimmed most of the fat from our budget over the last few years, so burn rate is low 2/emergency fund is 6 months but may need to take that up to 12. Because of 1&2 happy that I don’t need to be a forced seller - though I do wonder how long I’ll be in the r...
by Stick5vw
Sun Mar 22, 2020 5:38 am
Forum: Investing - Theory, News & General
Topic: No Hurry Buying In Race To The Bottom
Replies: 14
Views: 2046

Re: No Hurry Buying In Race To The Bottom

With the news of chloroquine a few days ago, I dabbled my toes and got back into the market. I've been proven wrong and it looks like the market is headed down further. Off-topic, but this time it could prove to be an existential crisis, and what happens to the market is nothing more than an exerci...
by Stick5vw
Sat Mar 21, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: Who do you follow for market insights ?
Replies: 49
Views: 2634

Re: Who do you follow for market insights ?

orhkaf wrote:
Sat Mar 21, 2020 4:29 pm
Mohamed El-Erian. Has interesting insights to share that I enjoy hearing.
+1
by Stick5vw
Tue Mar 17, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Will the F.I.R.E. movement survive?
Replies: 98
Views: 7269

Re: Will the F.I.R.E. movement survive?

IMHO it will survive, but will need to evolve. People will continue to be frugal and mindful of how they spend their money - perhaps even more so now, given we are heading into a very difficult economic environment. What may change, is that the capital being invested/saved won't be growing 10% a yea...
by Stick5vw
Mon Mar 16, 2020 5:03 pm
Forum: Personal Investments
Topic: What would you buy on this dip?
Replies: 13
Views: 1401

Re: What would you buy on this dip?

No. Still more room to fall IMHO. I would sit out for longer personally. Q1 earnings aren't even out yet; US/Europe infection numbers likely to increase; layoffs just starting; impact tbc on credit markets from companies unable to pay debts they've run up in the past cycle etc. Central banks have ru...
by Stick5vw
Sun Mar 15, 2020 9:48 am
Forum: Personal Investments
Topic: Old Investment OAKMX - When to sell?
Replies: 4
Views: 280

Re: Old Investment OAKMX - When to sell?

I'm dealing with the same issue, but for Oakmark International (OAKIX). My overall holding is about $75k with about $20k of that in a taxable account. The rest is in an IRA. I want to sell out and trade into VXUS but doing so will crystallize some losses, which I hate to do .... but my patience has ...
by Stick5vw
Fri Mar 13, 2020 4:28 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 26136

Re: How much you lost/gain since Feb 20,2020 ?

As of the end of yesterday when the market closed, I am down 21% or about $186k. Portfolio targets 85% equity / 15% fixed income. As a result of this market I'm closer to 81%/19% now and will probably rebalance and pick up some stock on the cheap. My view is that there is further to fall so I am hap...
by Stick5vw
Thu Mar 12, 2020 10:42 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Something Weird Is Happening On Wall Street
Replies: 5
Views: 2452

Re: NY Times: Something Weird Is Happening On Wall Street

Behind a firewall - what does the article say? Having not seen NYT writeup, the weird thing is the fear creeping into the market. Feels like 2008 all over again. Jobs will be lost and recession on the way it seems. We haven't even seen Q1 earnings yet, which I suspect will be atrocious. Election com...
by Stick5vw
Sun Mar 08, 2020 9:36 pm
Forum: Personal Investments
Topic: Rethinking asset allocation
Replies: 8
Views: 663

Re: Rethinking asset allocation

I wouldnt sell any stock, if that’s what you’re thinking of doing to de-risk - in this market you may end up crystallising losses. The suggestion re: paying off your mortgage is a good one. For your investment portfolio, since Your income is high, I would just channel upcoming contributions into bon...
by Stick5vw
Wed Mar 04, 2020 2:48 pm
Forum: Personal Consumer Issues
Topic: Help/Advice with Decluttering
Replies: 37
Views: 2773

Re: Help/Advice with Decluttering

We are dealing with this process right now for my 84 year old mother. Fortunately she is still alive and is generally in good health, but her mobility is not great - so over the summer my wife, son, and I will move back into my childhood home to keep a closer eye on her and help with chores, yard wo...
by Stick5vw
Tue Mar 03, 2020 10:55 pm
Forum: Investing - Theory, News & General
Topic: Do paid, AUM-style, advisors actually hand pick all those funds to match the client?
Replies: 27
Views: 1578

Re: Do paid, AUM-style, advisors actually hand pick all those funds to match the client?

Would depend on which advisor firm, but yes, highly likely it's a model portfolio that other clients are also allocated into. That's how they scale the business and keep their overhead down. Which model portfolio will depend on the level of AUM, risk tolerance, or other objectives/constraints that t...
by Stick5vw
Sat Feb 08, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 103
Views: 8050

Re: What do you/did you spend your bonus on?

For a while it was thrown primarily at my college/grad school loans, and savings.

Once those were gone, it all went right into savings.

Each year I also put some aside for a nice vacation or two with my wife.
by Stick5vw
Tue Feb 04, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 7080

Re: who do you bank with and why?

Citibank for checking - just keep the bare minimum ($15k) there to ensure no fees are charged. Some inertia here - Opened account in late 90s and now numerous autopays are connected to it, so it would be a pain to change. Interest rate on the deposit is virtually non-existent but plenty of branches ...
by Stick5vw
Fri Jan 17, 2020 11:31 am
Forum: Personal Investments
Topic: How much to hold in international equities (VTIAX)?
Replies: 248
Views: 15193

Re: How much to hold in international equities (VTIAX)?

China and her influence. Every time I leave the US I am amazed at the impact of Chinese investment in every region. Asia, Europe, S. America. They play the long game (generational strategy, not every 4 years). Look at who is investing across the developing and most of the developed world. Chinese: ...