Search found 196 matches

by SeaToTheBay
Mon May 04, 2020 7:14 pm
Forum: Personal Consumer Issues
Topic: Spending advice for younger kids?
Replies: 13
Views: 1260

Re: Spending advice for younger kids?

Growing up, my parents would double any money I put into savings and didn't touch (like a 401k match if you will). Taught me not only good habits (I save a huge chunk of income and don't think to spend unexpected bonuses) but also set me up with a decent chunk of change by the time I reached college.
by SeaToTheBay
Thu Apr 23, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4365

Re: Advice on buying a weekend car

I currently own a Lotus Elise and an E90 M3 sedan for kid hauling and daily driving - adore them both. Also owned an S2000 for 3.5yrs and my mom has a 987.1 Cayman. My suggestion would be to go for it, but something that's cheaper and/or depreciates less. Building up that down payment is going to be...
by SeaToTheBay
Thu Apr 23, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Afford 800K forever home w/ 600K mortgage?
Replies: 17
Views: 2332

Re: Afford 800K forever home w/ 600K mortgage?

One thing I haven't seen mentioned is the condition of the house, and any HOA fees. When we bought our townhouse in 2016 with similar mortgage but somewhat higher income, what helped us get comfortable with the purchase is the fact we were buying new construction with a warranty. Sure, things can st...
by SeaToTheBay
Wed Feb 19, 2020 5:42 pm
Forum: Personal Consumer Issues
Topic: [Chromebook recommendation]
Replies: 39
Views: 2217

Re: Chromebook

We got one about 2yrs ago for $230 (fairly large screen - 15" I think?) and it's our main computer at home for all things on the web. It's pretty quick and does the job, would recommend. Particular starting/waking up, it's much faster than a Windows computer with a standard disk hard drive.
by SeaToTheBay
Tue Feb 18, 2020 6:05 pm
Forum: Personal Consumer Issues
Topic: What do you/did you spend your bonus on?
Replies: 103
Views: 7955

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

2013-2017, they went to my student loans. Currently, my bonus is targeted at 45% of my base salary, and my wife's is 20%. Historically little deviation from that target. We save it all (split between 401k and taxable) except for 15% of mine (gross) goes into a separate taxable account for my "fun ca...
by SeaToTheBay
Tue Feb 18, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: $90k windfall and 529
Replies: 11
Views: 773

Re: $90k windfall and 529

Our income/savings, barring unforeseen circumstances, will surely preclude us from any financial aid, so we can set that part aside. Assuming you have maxed out all other tax advantaged vehicles, and you have no urgent need to use this money, the plan seems okay. One question though, do you think y...
by SeaToTheBay
Tue Feb 18, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: $90k windfall and 529
Replies: 11
Views: 773

Re: $90k windfall and 529

Our income/savings, barring unforeseen circumstances, will surely preclude us from any financial aid, so we can set that part aside.
by SeaToTheBay
Tue Feb 18, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: $90k windfall and 529
Replies: 11
Views: 773

$90k windfall and 529

Our first kid (likely not having more) is nearing 1 year old. We are selling an investment property and should net about $90k after taxes, so was thinking about superfunding a 529 with this. Anything I need to consider in comparing throwing it all into 529 now vs. putting it in a taxable account for...
by SeaToTheBay
Tue Feb 18, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Baby, House, Parent, HCOL
Replies: 9
Views: 1152

Re: Baby, House, Parent, HCOL

Is it possible to expand or even remodel/add a room to your current home? A friend of mine is in a HCOL and has a condo in a stellar location they bought ~10yrs ago, but it's a 2bd and was getting crowded with a family of 4. Rather than move to a 3-bd and increase their housing cost by $1M, he spent...
by SeaToTheBay
Tue Feb 18, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3544

Re: How big of a car do you need for a kid and his/her stuff?

Thanks all for the replies! I ended up test driving a Model 3 last Friday and liked it a lot. Comfortable, tons of power, and Autopilot was fantastic. However, it's hard for me to justify spending the $30k over the value of my '11 M3 for the Performance model (which I would require as a lifelong car...
by SeaToTheBay
Thu Feb 13, 2020 4:15 pm
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3544

Re: How big of a car do you need for a kid and his/her stuff?

Entertaining and useful responses, thanks. Sounds like I'm likely to be fine for common requirements. Absolute worst case, I'm not married to the thing and can also rent a larger vehicle if we ever go on some extensive road trip (in which case an electric car is probably a suboptimal choice anyway).
by SeaToTheBay
Thu Feb 13, 2020 3:18 pm
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3544

Re: How big of a car do you need for a kid and his/her stuff?

Do you anticipate wanting to drive your child's friends anywhere? That's exactly the kind of thing I was thinking about... And these days with car seats required until a much later age than when I was growing up, 3 across in the back basically isn't possible for a number of years. Hmm... With 1 kid...
by SeaToTheBay
Thu Feb 13, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: How big of a car do you need for a kid and his/her stuff?
Replies: 66
Views: 3544

How big of a car do you need for a kid and his/her stuff?

I currently have a BMW M3 sedan and am thinking about replacing it with a Tesla Model 3. My wife has a same-sized car (Mercedes C-class) that she wants to keep a few more years, and we both hate driving big cars. We have a 10-month-old son and are leaning toward not having any more kids, although ha...
by SeaToTheBay
Tue Feb 04, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a bigger home -- or should I buy a bigger home? (Bay area, CA)
Replies: 41
Views: 3981

Re: Can I afford a bigger home -- or should I buy a bigger home? (Bay area, CA)

We are in a pretty similar scenario, but slightly more income, slightly bigger house, but not quite as good (expensive) part of the Bay Area, and my wife and I both work. We are considering a lot of the same options, and are really on the fence. I am hoping to stick it out in the existing home as lo...
by SeaToTheBay
Tue Feb 04, 2020 5:53 pm
Forum: Personal Investments
Topic: Paralyzed by TSLA
Replies: 52
Views: 6268

Re: Paralyzed by TSLA

Tax means you're making money. You have a ton of profit and a good reason to sell.
by SeaToTheBay
Wed Jan 29, 2020 3:07 pm
Forum: Personal Consumer Issues
Topic: Buying a new-construction home
Replies: 28
Views: 2926

Re: Buying a new-construction home

1) Has anyone bought a new-construction home before? What was it like? Did you use a realtor? Is there anything you wished you had done differently? We bought a new-construction townhouse in 2016. We didn't realize at the time, but we could only have a realtor if he/she was present during the first...
by SeaToTheBay
Wed Jan 22, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Kick off 2020 with a $100 Savings Bonus! [Marcus]
Replies: 10
Views: 984

Re: Kick off 2020 with a $100 Savings Bonus!

Yep, enrolled this morning. If you transfer $10k and keep there for the required 60 days, that's about a 6% return, plus the interest you would earn at their going rate (currently 1.70%).
by SeaToTheBay
Fri Jan 17, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Switch career path for more $
Replies: 7
Views: 1134

Re: Switch career path for more $

Thanks for the responses thus far! When the kiddo is off at college and you are 52 are you going to be happier retiring right then and finally having free time after the kid is gone or are you going to be happier having spent more time with the kid but needing to work a few more years after they are...
by SeaToTheBay
Fri Jan 17, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Switch career path for more $
Replies: 7
Views: 1134

Switch career path for more $

I'm 35 and my wife and I had our first kid last year (may have one more but leaning towards no). We live in the Bay Area for family reasons, wife is making big bucks in finance at a tech company and I'm making about $100k less but still good $ in banking, but within the tech space. I have prior corp...
by SeaToTheBay
Thu Jan 09, 2020 5:12 pm
Forum: Personal Investments
Topic: Where do you keep your Emergency Funds? How is it invested?
Replies: 139
Views: 11651

Re: Where do you keep your Emergency Funds? How is it invested?

2/3 in Marcus 13-mo no-penalty CD: 2.35% (opened June 2019 before rates declined)
1/3 in Marcus Savings acct: currently 1.70%
by SeaToTheBay
Thu Jan 09, 2020 4:21 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80651

Re: Talk me out of buying a Tesla Model 3

The way I see it, a family of two or more cars can have one electric and one gas powered. This way you get the best of both worlds. x2 Another option if long road trips are infrequent (1-2/yr and shorter-term) is to simply rent a gas car for those trips. A bit inconvenient to rent and return, but o...
by SeaToTheBay
Thu Jan 02, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1525
Views: 393098

Re: Share your net worth progression

2006: 47k. Graduated college, bought condo 50/50 with parents (bad timing, good location - still have it and renting out). Had saved all money from birthdays, Christmas, etc. since I was 5, mutual fund since 10, usually $300/mo from HS/college side jobs into a Roth IRA. My parents set me up well wi...
by SeaToTheBay
Tue Dec 17, 2019 7:43 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 921
Views: 80651

Re: Talk me out of buying a Tesla Model 3

Own a BMW M3...and also a Tesla Model 3 LR AWD (purchased 2 weeks ago). All I can think about is wanting to sell the BMW M3 and wanting to continue driving the Model 3. Hope I never have to deal with a cold car in the winter and seeing a gas station again! What year M3 did you have? Why do you like...
by SeaToTheBay
Tue Dec 17, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best Compact Luxury Car < $35k... Acura ILX?
Replies: 17
Views: 1699

Re: Best Compact Luxury Car < $35k... Acura ILX?

I would suggest either a loaded new Accord or a couple years used Mercedes C-class. The new Accords are great cars and the top models are quite nice with tons of features and plenty of power and refinement. Meanwhile the current C-class is another step up while not getting too big on the outside. I ...
by SeaToTheBay
Wed Dec 11, 2019 1:04 pm
Forum: Personal Investments
Topic: Pick a stock
Replies: 93
Views: 4993

Re: Pick a stock

AMRN

I have greatly enjoyed owning ARWR this year. :D
by SeaToTheBay
Tue Dec 10, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 8229

Re: How much car can i afford

Hertz has Camaro ZL1 for rent. They're not that innocent to offer performance car without knowing there's a possibility that it would be pushed to the limit. After all, those performance cars are engineered for this purpose. I'd check the fine print to be sure. The tires and brakes on that thing ar...
by SeaToTheBay
Tue Dec 10, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 8229

Re: How much car can i afford

H-Town wrote:
Tue Dec 10, 2019 12:43 pm
I would just rent a new Camaro SS and take it to the track on the weekends. Then keep your 2012 Camaro as the daily driver until it got past 200k miles.
I don't think any rental agency or private renter would take too kindly to track use...
by SeaToTheBay
Mon Dec 09, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much car can i afford
Replies: 128
Views: 8229

Re: How much car can i afford

Fellow car guy here. Some good advice, I would just add two things: 1) Try not to get caught up with performance. There is always something faster, and you get used to that pretty quickly. Also, as cars get faster it gets harder, more dangerous, and more frustrating trying to use that performance on...
by SeaToTheBay
Mon Dec 09, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Saving up for car vs Investing and take out car loan
Replies: 26
Views: 1742

Re: Saving up for car vs Investing and take out car loan

Food for thought: In 2013 I bought an '02 Honda S2000 for $13k, and took out a 60-month loan thru PenFed at 1.74%, opting to keep more cash in the market. In the 3.5 years I owned the car, the S&P 500 increased 55%. So clearly, that paid off! Of course, your mileage my vary hugely and you could end ...
by SeaToTheBay
Mon Dec 02, 2019 12:45 pm
Forum: Personal Investments
Topic: Is anyone else having trouble getting into vanguard [12-1-19]
Replies: 57
Views: 3053

Re: Is anyone else having trouble getting into vanguard [12-1-19]

Had the same problem yesterday and again today. Multiple browsers, deleted cookies, no luck. Will try the app.

EDIT: Downloaded the app and took a few tries and a lot of waiting, but finally got in.
by SeaToTheBay
Mon Sep 16, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: Laptop for a child?
Replies: 19
Views: 1566

Re: Laptop for a child?

You also have to look at these little Google laptops and how awful their specs are and most have very limited amounts of RAM and Storage space on board. You're really not doing yourself or your wallet any favors long-term by getting those machines. You get far more for your money by going with a tr...
by SeaToTheBay
Fri Sep 13, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6424

Re: How many years for each $250k of net worth?

You should play around in Excel to get your answer. You can change the variables and make the necessary assumptions to get your answer. I have a sheet that forecasts each year's portfolio size if I save $X and earn Y%, with those variables being adjustable. Obviously some very big assumptions and i...
by SeaToTheBay
Thu Sep 12, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area budget for $350k family income
Replies: 94
Views: 8290

Re: Bay Area budget for $350k family income

My wife and I live in the Bay Area, and currently make $500k/yr and save nearly half of our gross income with a 6-month old kid. However, two years ago we made $360k and saved 48% pre-tax. We could have saved more, too - we certainly didn't feel like we were skimping and went on an international vac...
by SeaToTheBay
Mon Sep 09, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help me out - What am I doing wrong - Job Hunt related
Replies: 70
Views: 5371

Re: Help me out - What am I doing wrong - Job Hunt related

Pick up the phone and ask the HR person for any perspective on why you were rejected. Worse they can do is give you non-answers, they may actually relate something worthwhile. Yep - already have - waiting for feedback Sorry but that’s honestly a silly suggestion, it just doesn’t work that way anymo...
by SeaToTheBay
Thu Jun 27, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Transferring 50% ownership in condo to parents
Replies: 9
Views: 945

Re: Transferring 50% ownership in condo to parents

Isn't there different tax treatment for recaptured depreciation (section 1250 gain) for rental properties? If so, that might effect your plans and tactics. Yes, will have to pay regular income tax rate on the recaptured depreciation. Which sucks because the past few years we were not able to actual...
by SeaToTheBay
Thu Jun 27, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Transferring 50% ownership in condo to parents
Replies: 9
Views: 945

Re: Transferring 50% ownership in condo to parents

Definitely check with a professional, of course, because I am not one! If there is no loan or lein against the condo, don’t know why there would be an issue dropping your name off the deed. The title company should pick up the change at the time of sale (assuming you did this in advance with time f...
by SeaToTheBay
Wed Jun 26, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring 50% ownership in condo to parents
Replies: 9
Views: 945

Transferring 50% ownership in condo to parents

I have owned a rental condo with my parents 50/50% since 2006 and we are about to put it on the market at a significant expected profit. Unlike my parents, I am subject to the higher 20% federal cap gains tax AND, living in California (condo is in Washington state), a state cap gains tax over 10% (W...
by SeaToTheBay
Tue Jun 04, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: New refrigerator noise is driving us nuts
Replies: 32
Views: 2762

Re: New refrigerator noise is driving us nuts

is it the compressor itself or some kind of vibration/rattle caused by it? When we got our lower-end Whirlpool fridge, the vibration caused a very loud rattle down by the floor of the fridge. I simply stuffed some strategically-placed styrofoam in there and it's been quiet for the past 2.5 years.
by SeaToTheBay
Tue Jun 04, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Thinking of leasing bmw 3 series
Replies: 56
Views: 4995

Re: Thinking of leasing bmw 3 series

Check out the Merc C-class as well. IMO top of the class, and my wife's last-generation C-class has been impressive from a reliability and maintenance standpoint.

You might also check out the new Genesis G70 - it recently beat the 3-series in Motor Trend magazine (although the Model 3 won).
by SeaToTheBay
Tue Jun 04, 2019 11:12 am
Forum: Personal Investments
Topic: Rent my condo out.
Replies: 21
Views: 1631

Re: Rent my condo out.

Read about cap rates - it may not be worth the hassle in tying up that much liquidity in a maintenance-heavy, risky asset when you could sell and reinvest the proceeds. Especially if you can get out of cap gains.

Signed,
Guy about to sell his rental condo
by SeaToTheBay
Tue May 21, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 93904

Re: What age did you reach 100K networth?

I did it twice.

First time was 25, in 2009. Market was down but I was saving and funneling so much cash into underpriced investments from my ~$60k job in 2008-09.

Went to get a FT MBA 2011-13 and emerged back at $55k NW in August 2013 thanks to $110k in student loans. Hit $100k again early 2014.
by SeaToTheBay
Tue May 21, 2019 12:02 pm
Forum: Personal Consumer Issues
Topic: Anybody try the Blue Apron or the like?
Replies: 77
Views: 6646

Re: Anybody try the Blue Apron or the like?

I'm actually surprised by how many people here are saying it's just "a little expensive." To me, it's a lot expensive! Most of my main dishes end up being around $3-4 a plate, and that's with healthy (often organic) ingredients and good portion sizes. Sure, if I'm trying a new recipe, it might cost ...
by SeaToTheBay
Wed May 08, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 48
Views: 7288

Re: I have a car problem - $100K+ Cars

A year and a half ago, my wife had the idea of a "car fund" (bless her heart), which is funded by a % of my bonuses and raises. She has also contributed chunks when I've helped her recruit for new/better jobs. Definitely a keeper. My goal was to accumulate $100-120k for a similar car within five yea...
by SeaToTheBay
Tue May 07, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Anybody try the Blue Apron or the like?
Replies: 77
Views: 6646

Re: Anybody try the Blue Apron or the like?

If it's any indication, Blue Apron IPO'd at $10 less than two years ago and is currently trading at $0.955...
by SeaToTheBay
Mon May 06, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Anybody try the Blue Apron or the like?
Replies: 77
Views: 6646

Re: Anybody try the Blue Apron or the like?

I did a trial of one - forget which one - but haven't continued. It was delicious but I had a few issues with it. -Regular cost is about the same as an inexpensive - but not fast food - takeout (think Chipotle, various Asian cuisine, etc.). However, with the meal kits, I still have to cook and do di...
by SeaToTheBay
Mon May 06, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Fun-ish Used Boglehead Car
Replies: 86
Views: 6695

Re: Fun-ish Used Boglehead Car

Can't argue against the GTI or Miata. I'd also throw in the Civic Si - not as nice inside as a GTI, but likely lower maintenance/repair costs and 28/38mpg.

Might I also suggest a Honda S2000? It's an older car, but dead solid reliable, cheap to maintain, a ton of fun, and doesn't depreciate.
by SeaToTheBay
Thu Apr 25, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10336

Re: fun car advice

The Elise is such an amazing vehicle but after being in a pretty serious accident and being severely injured at no fault of my own, I’ve relegated myself to much larger cars most of the time. The Elise seems to do quite well in single-car accidents (like a typical trackday crash) due to its unique ...
by SeaToTheBay
Wed Apr 24, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10336

Re: fun car advice

Thanks again for all that info. To be honest I was confused exactly on the differences between the elise and exige thinking the exige has a supercharger which is obviously is false. I was actually wondering if the $20k-$25k is worth the S/SC? Interestingly the price difference between the elise and...
by SeaToTheBay
Wed Apr 24, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10336

Re: fun car advice

Sorry to add to my verbose response above, but the biggest thing that sold me on the Elise is going on the Ferrari forums and reading countless raves by people who had owned and driven an Elise/Exige, many/most saying it was the most fun car they've had.
by SeaToTheBay
Wed Apr 24, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10336

Re: fun car advice

Background: Currently own Elise (since August 2018) and 2011 M3 sedan MT (since August 2016), owned S2000 for 3.5yrs/27k miles and sold at a profit, owned E39 M5 for 6.5yrs/29k miles and sold at a profit. The S2000 is definitely a failsafe choice for affordable, little/no depreciation, reliable, ch...