Search found 39 matches

by JuniorBH
Mon Jan 15, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Questions about salary expectations/negotations
Replies: 13
Views: 1358

Re: Questions about salary expectations/negotations

Declined to answer what he's looking to make?!? This is SUCH a different question than "what are you making right now" and yet candidates shoot themselves in the foot by not helping their cause... Good on the recruiter for doing things the right way and not wanting to waste each others time. I agre...
by JuniorBH
Wed Jan 10, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1147

Re: Sell Sports Car and Invest or Keep for Fun Factor

I have never regretted keeping a "fun" car too long, but I have regretted selling several too early. This. Goes for almost every fun car I've had. Also, the S2000 will continue to hold value and you're not running up the mileage on it. I'd think of it like a low-risk portion of your portfolio; it's...
by JuniorBH
Mon Jan 08, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: any success buying a car at lease end?
Replies: 25
Views: 1933

Re: any success buying a car at lease end?

We'll be in a similar situation with DW's Grand Cherokee in about 10 months; buyout is likely to be $2-3K less than comparable models are selling for. In our case, her car will no longer meet our needs, so we'll just return it. But, if you're just going to buy another camry, I would absolutely buy o...
by JuniorBH
Mon Jan 08, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Trading 2015 F-150 for 2018 GMC Sierra. Dumb move?
Replies: 31
Views: 1824

Re: Trading 2015 F-150 for 2018 GMC Sierra. Dumb move?

But, if you want a new truck, because you want a new truck, then that's an entirely different matter. :shock: j This seems like the key point. I'm a notorious car flipper; if you're going to trade a '15 for an '18, you can't view it through the lens of "is this a fiscally responsible move", better ...
by JuniorBH
Wed Jan 03, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2672

Re: How much to spend on toys?

So it depends on not just income, but spending, age, health, family size, goals, net worth/retirement accounts, etc. For example, Person A may be able to "afford" the $10,000 watch and plans to work until he's 65, while Person B (for "Boglehead") says a $100 watch is fine for them and (along with o...
by JuniorBH
Fri Dec 29, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10803

Re: Another should i buy my dream porsche thread...

911 makes a surprisingly good daily driver. My M3 always scraped on steep curbs and driveways. I’ve never scraped the 911. The suspension is also better. I bought a RAV4 as a beater DD to go with the 911, then quickly remembered I’m a car guy and needed more power. So I sold that and upgraded to an...
by JuniorBH
Fri Dec 29, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10803

Re: Another should i buy my dream porsche thread...

I expect to find myself in a similar situation when I reach your age (I'm currently 32); solid net worth, combined income over $300K, etc. At that point, I will absolutely buy myself a toy. However, after DD'ing an M3 for a number of years, I'll keep my current DD and be looking in the $40K range fo...
by JuniorBH
Sat Dec 09, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 181
Views: 14652

Re: Save all this money, what do you splurge on?

Cars - had many toys in my younger days (mustangs, M3's etc). Now i have an X5, but as soon as we upgrade to a house with a 3 car garage, I'll find another toy to park in the third bay. Interesting to see how many other people "splurge" on cars - most threads here seem to be of the "buy a Camry and ...
by JuniorBH
Mon Dec 04, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Hard time deciding how much to spend on rent
Replies: 24
Views: 1500

Re: Hard time deciding how much to spend on rent

I agree with the others, 17% of your gross really isn't that bad. I spent my 20's in NYC and rent was easily 25-35% of my gross and the same for everyone I knew. As another poster mentioned, perhaps you can get rid of your car or consider other expenses which might diminish (e.g. even if you kept th...
by JuniorBH
Sun Dec 03, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: BH Volvo XC90 Review
Replies: 20
Views: 2487

Re: BH Volvo XC90 Review

Thanks for the report! We're ~11 months from returning DW's leased grand cherokee and the Volvo is currently high on the list of possible replacements!
by JuniorBH
Sun Dec 03, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Keep SUV or Trade in? Financials...
Replies: 11
Views: 1147

Re: Keep SUV or Trade in? Financials...

I'm trying to follow the post, but I get lost trying to figure out what the options are; Trade in the ML on a used Yukon vs on a new Tahoe? Or are you saying you could keep the ML, but the depreciation hit would be similar to trading it in on something else?
by JuniorBH
Sun Dec 03, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10835

Re: Price of haircut?

$15 +$5 tip. It's .5 faded to a 1.5, with a razor on the side burns etc. Local barber. Unfortunately, I'm there twice a month as waiting any longer starts to accentuate my thinning hair.
by JuniorBH
Tue Nov 28, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4267

Re: Job interviewing - "do you have any other interviews or leads?"

I was recently on the other side of the table in a similar situation. We interviewed 3 candidates for a role: one wasn't a good fit, the second one was average, but not a rock star, while the third seemed perfect. We immediately made an offer to the 3rd, who ultimately went to a competitor. We then ...
by JuniorBH
Sun Nov 26, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Job negotiation strategies
Replies: 6
Views: 902

Re: Job negotiation strategies

I never understood this fascination with never being the first one to name a number. I know perfectly well what I was making, what I want to make, and almost always what the salary range is for a position I am applying to. +1 What you're currently making is quasi-irrelevant; have in your mind the s...
by JuniorBH
Sat Nov 25, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5441

Re: Etiquette question: going out to dinner with friends and how to split the bill

We usually split the bill without much thought, unless it's obvious one couple ordered more than the other (e.g. we had 2 drinks each and a app, while they had water and no app). In that instance, we'll come up with a random figure that seems to cover it (e.g. we pay $30 and then split the remainder...
by JuniorBH
Sat Nov 25, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 3828

Re: What are average incomes for luxury vehicle purchases? Will help me decide

I would treat it like anything else - figure out your total budget, savings, expenses, etc and decide how much of the remainder you're willing to spend on a car. I have always driven BMW's because I personally derive more value from a car than some other folks do; my father has always paid cash for ...
by JuniorBH
Mon Oct 23, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4858

Re: what is your weekly workout routine?

Lifting 4 days a week: Day 1: Legs Day 2: Chest/Triceps Day 3: Back/Biceps Day 4: Shoulders/Traps I also do 40 minutes cardio of 5 days a week. Same - except I don't do the cardio even though I really should. And I'm generally at the gym 5-6 days a week, so I usually get through 1-2 of those splits...
by JuniorBH
Mon Oct 23, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 17
Views: 2525

Re: Any BMW X5 owners?

I am looking at an Mpsort 2015 X5 cpo This is what I purchased back in April, though I have the 5.0xdrive which you may feel is overkill. To the other posts about reliability, if that's the largest concern, I would likely be leaning toward Lexus or Infiniti. That's the direction we'll go when my wi...
by JuniorBH
Mon Oct 23, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2548

Re: Helping college costs of grandchildren

If you think about it, in the long run the kids with the (grand)children will likely receive some help from those (grand)children, whereas your childless kids will have to pay for all support themselves. Why should currently childfree kids be punished because they have not chosen to procreate? That...
by JuniorBH
Fri Oct 20, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 17
Views: 2525

Re: Any BMW X5 owners?

I bought a CPO '15 X5 back in April. This is my third BMW: - I owned a 2004 330i for 4 years, from 30K miles to 85K and it was 100% trouble free with almost no maintenance - I owned a 2008 M3 for 4 years, from 50K to 75K. This car was also 100% trouble free with almost no maintenance. So far, the X5...
by JuniorBH
Tue Oct 17, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Best Next Steps - Kids/House/Savings Advise
Replies: 13
Views: 2279

Re: Best Next Steps - Kids/House/Savings Advise

I would agree with the folks above who have noted that a $1M house on a $220K salary seems like a lot. We're also in a very HCOL area, so I understand that the old "2.5-3.0x salary" rule isn't enough, but you're talking more than 4.5x salary which would make me nervous. That said, if you used the eq...
by JuniorBH
Mon Oct 09, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 1916

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

Another vote for staggering it, if you can. When our first was born, I took 4 weeks immediately, and then another 4 when my wife went back to work (child was about 4 months old) This worked out well for both myself and the family. There was no meaningful impact to my career as I was actually promote...
by JuniorBH
Thu Oct 05, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1518

Re: New job offer

Why not agree to attend the meeting but give your old boss two weeks notice around the meeting? Also agree with this - I would want everything secured with the new job before giving notice. I assume you have some vacation at the current place; I'd take a day to attend this meeting, but wouldn't all...
by JuniorBH
Sat Sep 16, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5485

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I agree with the other folks who have suggested parking the inheritance and waiting 6 months. This sounds like an incredibly stressful time for you and your wife and it would be wise to give yourselves time to grieve before you make any major decisions. For the finances, personally, I would want to ...
by JuniorBH
Wed Sep 13, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 26945

Re: Name something you had to have and now you regret purchasing it?

Not too long after graduating university and getting a real job I was sent on a business trip. It was my first business trip and so I needed to buy "real" luggage. There's a certain group of people who believe in buying "forever luggage". Things like Briggs & Riley premium luggage that are very exp...
by JuniorBH
Wed Sep 13, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 27665

Re: Iphone X is $1000

I'll be buying one, but I'm in the unique situation of getting a fixed monthly subsidy from my employer to put towards a cell phone. As my current 6s is almost paid off, upgrading allows me to get a newer phone at no cost to me. The issue i'm trying to solve is whether learning to use the Iphone X w...
by JuniorBH
Tue Sep 12, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1633

Re: Will you get to see business financial data by being an accountant?

Another way to see that level detail is getting into financial due diligence. I've been in diligence for 6+ years now and have seen transaction level data on every deal I've done. For example, if you were interested in a particular manufacturing industry and wanted to know what various companies spe...
by JuniorBH
Wed Sep 06, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 6195

Re: What is the main purpose of holding your current job?

I'd be 1.5 as well. I really enjoy a lot of what I do, the flexibility I have and the ability to do some travel. But, I certainly wouldn't do it for free, nor would I do it if there was a significant pay decrease.
by JuniorBH
Mon Sep 04, 2017 10:37 am
Forum: Personal Consumer Issues
Topic: Are you a "car guy" or "car gal", how do you fund?
Replies: 41
Views: 3319

Re: Are you a "car guy" or "car gal", how do you fund?

I've always been a car guy; for a while it was mustangs, and then I moved to BMW's. Most recently it was a supercharged 2008 M3. I sold that car around the time my son was born and moved to an X5 with the twin turbo V8. As for funding, I've always looked at cars as the one area I'm willing to spend ...
by JuniorBH
Tue Aug 29, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 6967

Re: When to give resignation notice

I would just give 3 months. But many times employers have reasons to walk you out earlier. If you are in a serious position with access to a ton of things they are worried about protecting their IP and their customer database among many other things. It is better for them to pay you severance. If y...
by JuniorBH
Fri Aug 25, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Really struggling: advice on accepting this new job offer?
Replies: 31
Views: 3463

Re: Really struggling: advice on accepting this new job offer?

I agree with the posters above - switching jobs is inherently risking and you're not being compensated for that risk. I would be transparent with the new company on that point; if they can't offer a compensation increase, I'd turn the job down.
by JuniorBH
Thu Aug 17, 2017 8:35 pm
Forum: Personal Consumer Issues
Topic: How useful is a home security system?
Replies: 82
Views: 8180

Re: How useful is a home security system?

When we purchased our home a few years back, it already had a full security system installed. Initially we didn't use it, but with my traveling for work and my wife eventually at home with a newborn, we got everything hooked up and started using it at night and on extended trips/vacations. It's link...
by JuniorBH
Thu Aug 10, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Future Accountant Seeking Advice
Replies: 10
Views: 1084

Re: Future Accountant Seeking Advice

Another vote for the Big 4. I've been at a Big 4 firm for 10 years - 4 years in audit and now 6 years in advisory. Beyond the training you'll get, having Big 4 experience on your resume will be a huge plus should you decide to leave. Most job descriptions openly stated it as a requirement or a stron...
by JuniorBH
Thu Aug 03, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Job/ life advise
Replies: 7
Views: 1442

Re: Job/ life advise

I wouldn't worry about any potential damage from accepting a counter offer from the current employer; not in the role you have. Actually, I would be more worried that the new role creates more potential risk of being let go. A big part of my job involves sitting in meetings with the C level executiv...
by JuniorBH
Sat Jul 29, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Need advice - Job
Replies: 37
Views: 3651

Re: Need advice - Job

I agree with a lot of the other posters who have said not to go in and say "I have xx offer, will you match". It sets the wrong tone right off the bat. Personally, I would go to my manager and ask for a raise; do a little market research and point out to him/her that you're seeing similar positions ...
by JuniorBH
Sat Jul 29, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Buying a house four months before a lease has expired
Replies: 18
Views: 1112

Re: Buying a house four months before a lease has expired

Lots of options for working around this issue, including delaying a closing date .... bottom line I wouldn't let the lease materially impact my purchase decisions. Best of luck. Agreed. When we bought our house, we had a lease that ended Nov 31. We started looking in June, found a house/signed cont...
by JuniorBH
Sat Jul 29, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 68
Views: 7751

Re: Those Of You In a HCOLA - What's Your Financial Plan

Also some of us were born in these HCOL areas and have lots of family and friends here, they are as much home and community for us as home is home for anyone else. Above is the part that applies to our family and I suspect to a lot of others. We live in the suburbs outside NYC which is very HCOL. W...
by JuniorBH
Fri Jul 14, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: portfolio growth - compounding vs savings
Replies: 15
Views: 1827

Re: portfolio growth - compounding vs savings

2. Don't look at your balance, look at the number of shares you own. This number will always go up in the accumulation phase. I used this approach when I first started funding my 401K, which coincided with the market declines in '08-09. I'd check monthly and see that even after my contribution was ...
by JuniorBH
Mon Jul 10, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 7615

Re: How much of an increase of salary would you expect before switching jobs?

To the original question: 10% if I didn't like my job 20-25% if I liked my job I am currently in the latter... Would need to be a real jump for me to make a move The biggest thing not mentioned is the 'uncertainty factor'. There are so many things you simply can't know until you start the job (comf...