Search found 69 matches

by 2commaBH
Mon Oct 07, 2019 10:26 pm
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 8258

Re: Anyone here has more 200k in a single stock ?

Vanguard wrote a really good, detailed paper on this. Particularly targeted at investors who've accumulated *very* large positions in individual stocks, potentially representing a big part of their portfolio (e.g., through employee stock options, stock grants, etc.). https://personal.vanguard.com/p...
by 2commaBH
Sun Oct 06, 2019 4:18 pm
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 529

Re: Tax-deferred options for part-time employee?

Backdoor Roth IRA contributions are just as good as Roth contributions under the limits. The only complication if if she already has a traditional IRA to confuse things with pro-rata rules. In that case, I'd probably look at the size of the traditional IRA position and consider whether it's worthwh...
by 2commaBH
Sun Oct 06, 2019 2:59 pm
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 529

Re: Tax-deferred options for part-time employee?

Silk McCue wrote:
Sun Oct 06, 2019 10:49 am
She definitely can’t do a SEP IRA.

Are you able to do a Backdoor Roth? If not, then she should invest in a very tax efficient Taxable account.

Cheers
Thank you. Backdoor Roth isn't a viable option.
by 2commaBH
Sun Oct 06, 2019 10:37 am
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 529

Tax-deferred options for part-time employee?

My wife recently switched from full-time to part-time employee (still W2). The number of hours she works (10/wk) is below the threshold to qualify for the company's 401k, but since she is not self-employed, I don't think she would be eligible for a SEP-IRA. Are there other options for her to invest ...
by 2commaBH
Sat Oct 05, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15023

Re: How many are switching from Fidelity?

Schwab is offering you a promo: https://www.schwab.com/public/schwab/nn/investor_reward.html Bonus tiers: $200 bonus for $50,000–$99,999 deposit $300 bonus for $100,000–$249,999 deposit $600 bonus for $250,000–$499,999 deposit $1,200 bonus for $500,000–$999,999 deposit $2,500 bonus for $1,000,000+ ...
by 2commaBH
Sat Oct 05, 2019 10:27 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15023

Re: How many are switching from Fidelity?

I am waiting to see what Fidelity does (someone else said Nov 1, I will likely not wait that long - if they don't cut by 10/15 I don't think they will). I have a few accounts at Fidelity, although the bulk of our assets are at VG. One of the accounts at Fidelity is my "play account", where I do a g...
by 2commaBH
Sat Oct 05, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15023

Re: How many are switching from Fidelity?

I am waiting to see what Fidelity does (someone else said Nov 1, I will likely not wait that long - if they don't cut by 10/15 I don't think they will). I have a few accounts at Fidelity, although the bulk of our assets are at VG. One of the accounts at Fidelity is my "play account", where I do a go...
by 2commaBH
Wed Oct 02, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 13232

Re: Willingly going from lucrative job to unemployed?

It seems like there are really 2 questions in 1 here: (1) Do I have enough money to FI and (2) I hate my job, what should I do? To the latter, I can offer a story from my life for you: I was in a very lucrative, highly-sought after job that was making me completely miserable. I also envied the hourl...
by 2commaBH
Mon Sep 30, 2019 2:12 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 25805

Re: VTIAX International fund - should I give up on it?

Sorry if this is a dumb question, but I would think that if international provided diversification benefits we'd see it in the historical performance, no? Instead when I look at a chart of VTIAX and VTSAX across the life of both, they seem largely in sync and correlated to me. What am I missing? Co...
by 2commaBH
Sun Sep 29, 2019 8:16 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 25805

Re: VTIAX International fund - should I give up on it?

The data supports international diversification. Vanguard whitepapers for instance show volatility reductions from 0 to 40% intl, and they recommend anywhere from 20-50%. More research into this should lead one not to discard but rather to embrace global investing. Sorry if this is a dumb question,...
by 2commaBH
Sun Sep 22, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 8668

Re: Overpaid for my house, next options?

Considering what is done is done, I want some help with looking at the options rationally - considering I definitely want to move to a nicer neighbourhood/good schools in 5ish years Or move out of the bay area. If plan was to move in 5 years, buying a home really didn't seem necessary (to me). In f...
by 2commaBH
Sat Sep 14, 2019 12:02 pm
Forum: Personal Investments
Topic: Using options to protect the portfolio?
Replies: 6
Views: 569

Re: Using options to protect the portfolio?

My portfolio is an aggressive 85/15, but I've been OK with it, as I view the business as a large cash position, which it would become on liquidation. I guess it may depend a bit on the nature of the business, but I am curious why you feel like the business's value is not correlated with the equity ...
by 2commaBH
Fri Sep 13, 2019 7:27 pm
Forum: Personal Investments
Topic: Low fee Private Equity / Alternative Investing Approach
Replies: 13
Views: 1463

Re: Low fee Private Equity / Alternative Investing Approach

I have some experience in the PE space. IMO it is a difficult space to get exposure to in a way that doesn't involve a substantial commitment and privileged access. Liquid alternatives (which one person mentioned above) have been poor substitutes to date for traditional PE. If you wait 5 years, my b...
by 2commaBH
Sun Sep 08, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Update: In case people are curious how this turned out, my parents decided they wanted to pay down the new house mortgage principal with the proceeds from the old house sale, but not worry about a recast at this time. There's a nominal fee to recast, and they can comfortably make the mortgage paymen...
by 2commaBH
Sun Sep 08, 2019 7:15 pm
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3562

Going desktop-less?

We are taking the plunge and moving to a desktop-less home environment (laptops/tablets only). The plan would be to backup our computer drives (music/photos/some documents) to the cloud and also a portable hard drive and to have one Windows and one Apple laptop. No special computing needs for us. Ha...
by 2commaBH
Thu Sep 05, 2019 8:00 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4278

Re: Does a FA make sense at a certain portfolio level?

I think at the UHNW level it could start to make sense for some to assist with specific needs such as tax structuring, diversification/hedging of risk, access to alternatives, etc.
by 2commaBH
Mon Sep 02, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Living in the Bay Area, got an offer in LA: negotiation help wanted
Replies: 15
Views: 1824

Re: Living in the Bay Area, got an offer in LA: negotiation help wanted

Someone once told me - be sure you want the job you are getting, not the job you are hoping for.

From what you have told me, if I were in your shoes I would keep looking.
by 2commaBH
Sun Aug 04, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 15252

Re: Why won’t anyone hire me?

Someone once told me, if you get an interview that means you have passed the qualifications/experience threshold. Then it is about fit. Research the company you are applying for and arrive 5-10 minutes early (more than that is awkward). Be comfortable, respectful and positive in the interview. Let t...
by 2commaBH
Sat Jul 27, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 9198

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

doula, lactation help, If planning on using breastmilk/breastfeeding-I thought that having a lactation certified doula with my first was an invaluable expenditure. That first week, unexpectedly, is really stressful not with getting the baby to sleep...but with feeding it. Come to find out, it's not...
by 2commaBH
Fri Jul 26, 2019 8:34 pm
Forum: Personal Consumer Issues
Topic: Quelling Car Fever
Replies: 57
Views: 3189

Re: Quelling Car Fever

You are getting a lot of car advice from non-car people. If you decide to buy a fun car in that price range, I would go with the 2016 Cadillac ATS. Much more sporty than the Lexus for the same price or less. Over the course of your life, you will earn several million dollars. Do you want to look ba...
by 2commaBH
Fri Jul 26, 2019 8:30 pm
Forum: Personal Investments
Topic: What to do with large pre-tax cash balance? Paralyzed...
Replies: 12
Views: 1651

Re: What to do with large pre-tax cash balance? Paralyzed...

Don't beat yourself up - the past is in the past, don't let it impact doing the right thing from now forward!
by 2commaBH
Fri Jul 26, 2019 7:11 pm
Forum: Personal Investments
Topic: What rate of return do you use when calculating long term investments?
Replies: 32
Views: 2992

Re: What rate of return do you use when calculating long term investments?

Assuming you don't want to put a finger and artificially underestimate as some here have suggested. I use 6% nominal, which happens to be what we've received on our 3-fund portfolio over the last many years (at VG website you can see your personal returns since inception in many permutations).
by 2commaBH
Tue Jul 23, 2019 8:10 pm
Forum: Personal Investments
Topic: moved my wifes 401K account from big brokerage handled by money mgr
Replies: 21
Views: 1162

Re: moved my wifes 401K account from big brokerage handled by money mgr

Wiggums wrote:
Tue Jul 23, 2019 5:27 pm
Stinky wrote:
Tue Jul 23, 2019 5:10 pm
FalconMan wrote:
Tue Jul 23, 2019 4:31 pm


all other accounts for the most part are 60/40 stocks/bonds & etc. Thats where we want to be
You could go 60% VTSAX and 40% VBTLX and call it a day.
+100
This (although I would use ETFs rather than MFs).
by 2commaBH
Tue Jul 23, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage for High Net Worth? 20% down then HELOC the 80% balance?
Replies: 17
Views: 1445

Re: Best Mortgage for High Net Worth? 20% down then HELOC the 80% balance?

I agree that 6% seems quite high. I would also look into whether you would get maximum deductibility of interest paid on the HELOC; on a traditional mortgage, assuming you itemize, you may be able to deduct significantly more.
by 2commaBH
Sun Jul 21, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 21
Views: 2122

Re: Corporate Acquisition - Key Person

Underlining the point on post-employment restrictions some other posters made. You should consult a local lawyer if possible. You may be able to negotiate certain things (taking a small team you built with you if you leave, etc). Economics are usually fairly baked and back-ended.
by 2commaBH
Wed Jul 17, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 3751

Re: How unpleasant is the home buying/selling experience??

Another vote for option 2. Short holds on illiquid assets with high transaction costs (5-7% transaction fee) aren't a good idea.
by 2commaBH
Mon Jul 15, 2019 9:12 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2324

Re: Grandparent 529s

Parent's perspective here: my parents have for years gifted to Nevada VG 529s in my name that list my children as beneficiaries. We plan to have them continue to contribute for another 5 years or so then coast on investment returns. We are shooting to be able to pay 80% of expected private college c...
by 2commaBH
Sat Jul 13, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 145
Views: 30780

Re: Have $3m at 33, "approach to career" advice needed

I too am surprised I just found this fascinating thread. My $0.02 would be to try to mimic the "rotation" style of medicine training. Identify a number of different interests and spend a set amount of time in each one. My guess is by the end you will have a sense of which is worth pursuing. If not, ...
by 2commaBH
Sat Jul 13, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 2259

Re: Negotiating on an RV

Damn, now you have me wanting one -- https://www.rvtrader.com/listing/2019-Winnebago-TRAVATO-59K-5008072931 :sharebeer I look at that list of features and see a giant list of complexity and things that will break and be expensive to repair. And probably fail while on the road in some remote area. S...
by 2commaBH
Tue Jul 02, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: What happens to unvested RSU's if company is acquired?
Replies: 7
Views: 960

Re: What happens to unvested RSU's if company is acquired?

Also check the RSU plan document - there may be accelerated vesting on change of control spelled into the documents. If not, it often is negotiated as part of the transaction. Be ware if you are extremely senior as depending on the nature of the transaction you may be asked to roll your (accelerated...
by 2commaBH
Mon Jul 01, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54263

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I don't need alternatives, I want alternatives. I would not allow them to invest in anything I didn't want to be invested in. Like what? And if you already know plenty about them, why do you need an adviser? Because I don't want to handle the details myself. I don't use an FA, but I would consideri...
by 2commaBH
Mon Jul 01, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Own too much employer stock, should I sell?
Replies: 31
Views: 2374

Re: Own too much employer stock, should I sell?

Put me in the sell as soon as possible camp. 20% of my net worth tied up in one company scares me. Add that it is also the company I depend on for my livelihood, and I would put in sell orders at 9:31a tomorrow. Probably an overreaction and the taxes sound rough (I'm not familiar with the taxation ...
by 2commaBH
Sun Jun 30, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Own too much employer stock, should I sell?
Replies: 31
Views: 2374

Re: Own too much employer stock, should I sell?

Put me in the sell as soon as possible camp. 20% of my net worth tied up in one company scares me. Add that it is also the company I depend on for my livelihood, and I would put in sell orders at 9:31a tomorrow. Probably an overreaction and the taxes sound rough (I'm not familiar with the taxation o...
by 2commaBH
Sun Jun 30, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54263

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I don't need alternatives, I want alternatives. I would not allow them to invest in anything I didn't want to be invested in. Like what? And if you already know plenty about them, why do you need an adviser? Because I don't want to handle the details myself. I don't use an FA, but I would consideri...
by 2commaBH
Mon Jun 24, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 9427

Re: Frugal or cheap?

TxAg wrote:
Sat Jun 22, 2019 9:49 pm
One more vote for "happy wife - happy life" being a dumb saying

Marriage is a partnership
+1. And like in any partnership, you can negotiate. Get that $100k down below $50k and you "win". ;)
by 2commaBH
Mon Jun 24, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Could plan for mom to sell the place when dad passes on, especially if it would be too big for one person. She would be able to afford a nice senior apartment for many years with the companionship of others as well as people to help her out at the level needed. CCRCs are often discussed on this boa...
by 2commaBH
Mon Jun 24, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

She could also tap the home equity with a reverse mortage if she needs to. Reverse mortgages used to be faily toxic so they got a bad reputation but they revised the rules about ten years ago and while they still have lots of downsides they can make more sense now because the rules are now better. ...
by 2commaBH
Mon Jun 24, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

mchampse wrote:
Sun Jun 23, 2019 5:17 pm
Does your dad have a life insurance policy? As others have noted, I would sorry about what happens if your dad predecessors your mom which is far more likely than the opposite.
He had a policy that ran out a number of years ago. At his age, a new policy would probably be very expensive.
by 2commaBH
Mon Jun 24, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Using the $500k to pay down the mortgage and recast would probably get the PITI down to $3k/month or so. Between the $2k of SS survivors benefit and the $4k/month she can draw from the portfolio, she would be okay. Not rich, but okay. She could also convert some or all of the portfolio into a SPIA,...
by 2commaBH
Sun Jun 23, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

I agree that having that expensive of a house is not ideal but as long as there is a lot of home equity they may be able to get a reverse mortage if it is needed. The OPs location is listed as "SFBA" which I assume is the San Francisco Bay area so a million dollar+ home may not be all that fancy. I...
by 2commaBH
Sun Jun 23, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

DD receives $7k/m pension for as long as he is alive and $2k SS. A big question is what will happen to the the pension and Social Security if either of them dies? If your mom will then get a reduced, or no pension that could be a big problem. One option that people sometimes don't know about is tha...
by 2commaBH
Sun Jun 23, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Wow that is an expensive home that neither their assets nor pensions could justify. I would put the money towards the mortgage and maybe look at a recast but I really hope that pension doesnt go away with death. Thank you - the pension does go away at DD's death. I would love to hear more of your t...
by 2commaBH
Sun Jun 23, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Why did they buy a $1 mil house? Are they in an extremely high cost of living area? They actually bought a $1.5M house, with a $1M mortgage. They did so to be closer to family (me). I am in a VHCOL, they are adjacent to that in a HCOL. So what is the plan of dd passes first? At that point your mom ...
by 2commaBH
Sun Jun 23, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

Goal33 wrote:
Sun Jun 23, 2019 2:42 pm
OP, if you have you addressed the survivorship pension, I missed it. That’s the real question here.
Yes - sorry about that, I edited the original post to reflect the answer as well. The pension does not survive my Dad, if he passes first.
by 2commaBH
Sun Jun 23, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

I agree that having that expensive of a house is not ideal but as long as there is a lot of home equity they may be able to get a reverse mortage if it is needed. The OPs location is listed as "SFBA" which I assume is the San Francisco Bay area so a million dollar+ home may not be all that fancy. I...
by 2commaBH
Sun Jun 23, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

DD receives $7k/m pension for as long as he is alive and $2k SS. A big question is what will happen to the the pension and Social Security if either of them dies? If your mom will then get a reduced, or no pension that could be a big problem. One option that people sometimes don't know about is tha...
by 2commaBH
Sun Jun 23, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

fru-gal wrote:
Sun Jun 23, 2019 11:15 am
Why did they buy a $1 mil house? Are they in an extremely high cost of living area?
They actually bought a $1.5M house, with a $1M mortgage. They did so to be closer to family (me). I am in a VHCOL, they are adjacent to that in a HCOL.
by 2commaBH
Sun Jun 23, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Re: Sale of elderly parents' home

I suggest paying down mortgage by $500k if lender will recast mortgage to lower monthly payment. The extra monthly excess cash can then be redirected to their portfolio. Thank you. Lender will recast for a nominal fee ($150). Would you then allocate the extra monthly excess cash 50/50? It will have...
by 2commaBH
Sun Jun 23, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3610

Sale of elderly parents' home

My parents are expecting $500k from the sale of their former home. How do you think they should handle the proceeds? Some details: - DD 82, DM 77. DD has moderate health issues for which he receives treatment. - They recently bought a new house to be closer to family. That home has a $1m 30y fixed m...
by 2commaBH
Sun Jun 09, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 27557

Re: Can I afford this 2.3 million dollar home?

2commaBH, In order to provide a complete picture, you may want to provide your net worth excluding the house. For example, is it 2X, 3X, 4X? KlangFool Sorry, but I don't quite understand? 2commaBH, In order to provide a complete financial picture, you should state your net worth excluding the house...