Search found 1234 matches

by drk
Thu Apr 18, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 91
Views: 7080

Re: Job Offer Evaluation - FANG

Do the people who say FANG works you harder actually work at them? That's not a correct generalization to make across all companies much less across each individual company. No, of course they don’t. I don't know if you realize FANG (really it is generally described as FAANG) is 4 (or 5) companies....
by drk
Thu Apr 18, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 91
Views: 7080

Re: Job Offer Evaluation - FANG

Do the people who say FANG works you harder actually work at them? That's not a correct generalization to make across all companies much less across each individual company. No, of course they don’t. Part of the challenge among other things is that there are a wide variety of job types, and often i...
by drk
Thu Apr 18, 2019 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 91
Views: 7080

Re: Job Offer Evaluation - FANG

Do the people who say FANG works you harder actually work at them? That's not a correct generalization to make across all companies much less across each individual company. No, of course they don’t. I don't know if you realize FANG (really it is generally described as FAANG) is 4 (or 5) companies....
by drk
Thu Apr 18, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 91
Views: 7080

Re: Job Offer Evaluation - FANG

CAP_theorem wrote:
Thu Apr 18, 2019 3:33 pm
Do the people who say FANG works you harder actually work at them? That's not a correct generalization to make across all companies much less across each individual company.
No, of course they don’t.
by drk
Wed Apr 17, 2019 10:00 am
Forum: Personal Consumer Issues
Topic: Stay and buy house or remain flexible?
Replies: 5
Views: 388

Re: Stay and buy house or remain flexible?

I don’t think you offered any reasons *to* buy a house, aside from the inexpensive real estate, and even that isn’t an indication either way because it sounds like it’s inexpensive for a reason given the poor job prospects.
by drk
Sun Apr 14, 2019 6:03 pm
Forum: Personal Investments
Topic: What should I sell - need advice?
Replies: 13
Views: 1282

Re: What should I sell - need advice?

My hesitation in selling VGHAX is that it has underperformed the past ten years and the S&P 500 has outperformed. Since I've learned that sectors don't always lead - it would seem to me the S&P 500 should be due to trail other sectors over the next 10 years (it seems unlikely to continue to be the ...
by drk
Sun Apr 14, 2019 11:31 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 6933

Re: If you have plenty of money, why not 100% stocks in retirement?

This is almost exactly what Charles Ellis advocates.
by drk
Sat Apr 13, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: What about IEOR at Berkeley vs CS at UMich/UCLA?
Replies: 52
Views: 2932

Re: What about IEOR at Berkeley vs CS at UMich/UCLA?

Whereas Berkeley Haas does not offer an undergrad business minor, Michigan Ross does . If he decided to go into finance, Ross also has a slight edge over Haas. That said, basically everything is a push. If he does well, he'll have similarly excellent opportunities at all three schools, so it comes d...
by drk
Sat Apr 13, 2019 10:23 am
Forum: Personal Investments
Topic: Why does VXUS and VTIAX show different returns yesterday?
Replies: 7
Views: 752

Re: Why does VXUS and VTIAX show different returns yesterday?

No, not necessarily. VXUS trades during different hours than most of the stocks that it holds. This means that there's an element of uncertainty in the underlying valuation. It's also possible that the market price reflects anticipated moves in the underlying stocks when they trade again. Vanguard h...
by drk
Sat Apr 13, 2019 10:07 am
Forum: Personal Investments
Topic: Why does VXUS and VTIAX show different returns yesterday?
Replies: 7
Views: 752

Re: Why does VXUS and VTIAX show different returns yesterday?

An ETF's market price does not have to be the same as its NAV, which is the difference you noticed. If you check out VXUS's profile on Vanguard, you'll see that its NAV went up by 0.55% yesterday.
by drk
Wed Apr 10, 2019 11:14 pm
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 25
Views: 1987

Re: Merrill Edge Feedback

mighty72 wrote:
Wed Apr 10, 2019 6:50 pm
One short coming is that you need to maintain 100k+ to get the best credit card bonus and free trades.
In fact, your status level remains in place for 12 months after reaching it, so no need to maintain the entire $100k.
by drk
Mon Apr 08, 2019 10:04 pm
Forum: Investing - Theory, News & General
Topic: Why bond/muni funds price don't change?
Replies: 10
Views: 1090

Re: Why bond/muni funds price don't change?

AlohaJoe wrote:
Mon Apr 08, 2019 9:53 pm
And when they do trade, there is often no central exchange where the trade happens, so you might not even know about the trade unless you talk to the people involved.
If TradeWeb works out, this might not be the case for long.
by drk
Sun Apr 07, 2019 7:07 pm
Forum: Personal Investments
Topic: Potential 2019 recession: Thoughts and course of action
Replies: 28
Views: 2322

Re: Potential 2019 recession: Thoughts and course of action

Also, I really like the Peter Lynch quote from vineviz's signature: Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. That's what I think about wasting time reading perma-bears on Seeking Alpha (I m...
by drk
Sun Apr 07, 2019 6:57 pm
Forum: Personal Investments
Topic: Potential 2019 recession: Thoughts and course of action
Replies: 28
Views: 2322

Re: Potential 2019 recession: Thoughts and course of action

Are those assets excluding your emergency fund? If so, there's no reason for you to worry because you have nothing at stake if the stock market freaks out and drops 50%. If not, you should build up your emergency fund so that you can be happy if the stock market freaks out. That said, the market is ...
by drk
Sun Apr 07, 2019 5:33 pm
Forum: Personal Investments
Topic: 401k Allocation for someone in early 20's
Replies: 18
Views: 1028

Re: 401k Allocation for someone in early 20's

The target date fund is fine. That 40% ex-US allocation is standard. If you wanted, you could drop the bonds and the ER by going with 60% US large index and 40% international index, but there’s really no need.
by drk
Sun Apr 07, 2019 5:27 pm
Forum: Personal Investments
Topic: [Ready to leave Wealthfront]
Replies: 12
Views: 1313

Re: [Ready to leave Wealthfront]

Also I wonder if completely consolidating with Vanguard might be the way to go. For $1m+ in holdings, their stock trading fee is $2. Whereas yeah, Schwab appears to give 500 free trades for new users, but $4.95/trade after that. You can’t go wrong with either, but Schwab will give you free trades l...
by drk
Sun Apr 07, 2019 3:49 pm
Forum: Personal Investments
Topic: [Ready to leave Wealthfront]
Replies: 12
Views: 1313

Re: [Ready to leave Wealthfront]

Also while fee-based advisors seem like a rip off, perhaps I should try harder to find someone local who is reasonable? Or maybe find one who charges by the hour? You’ve been with three different advisors in five years. Maybe it’s time to learn how to manage your own money rather than seeking anoth...
by drk
Sun Apr 07, 2019 3:46 pm
Forum: Personal Investments
Topic: Ultimate Buy and Hold...thoughts?
Replies: 27
Views: 3935

Re: Ultimate Buy and Hold...thoughts?

I understand the 4 vs 8 discussion, but what happened to the missing 2 from UBH: REITs and emerging markets? Looking at the Callan table, and my own review, these are good contributers. Are they added onto or ignored with Trevh 4? Go back to Trev H’s posts, and you’ll see that the omission made no ...
by drk
Sun Apr 07, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3606

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

Also, who's #3 and #4 for DIY investors? Ah, it's E-trade and Merrill. I'm very surprised at the latter, since I thought it was mainly as a gateway to their more expensive products and services. I’ve had good experiences with both E*Trade and Merrill Edge while moving assets around for brokerage bo...
by drk
Sun Apr 07, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3606

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

Coke/Pepsi/Dr.Pepper Costco/Sam's/BJ's Wholesale Many people have strong preference opinions about the above trios as well. When my son was about seven years old, one day we were in a mall and there was a setup in the center where they were inviting people to "take the Pepsi challenge." So we lined...
by drk
Sun Apr 07, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3606

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

Exactly one person said that before you posted. I think this misses the point. No idea what you’re referring to. So yeah, Schwab and Fidelity definitely paid off someone. More likely the developers than JD powers, but it is a function of money I think. Are you suggesting that Schwab and Fidelity ha...
by drk
Sat Apr 06, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: When to add bonds?
Replies: 37
Views: 2667

Re: When to add bonds?

It depends. If you have a high savings rate, equity returns won’t be your net worth’s biggest driver for a long time. There’s been very little difference in outcomes between 100/0, 80/20, and 60/40. The difference is that the fixed income allocation has given you the opportunity to overweight stocks...
by drk
Sat Apr 06, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3606

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

Nate79 wrote:
Thu Apr 04, 2019 4:55 pm
When Vanguard wins it's all congrats and they deserve it. When the others win it's all, oh, they must have just paid off JD Powers.

That's ludicrous.
Exactly one person said that before you posted.
by drk
Sat Apr 06, 2019 4:11 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 118
Views: 4451

Re: Received a Ransomware email

What's troubling to me, though, is the email contained my correct name and a password (also correct) that I use on a generic site, which I've now changed. This doesn’t mean much. That email/password combo was probably exposed in a security breach. Check out Have I Been Pwned to see if your email sh...
by drk
Sat Apr 06, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: terminate the lease of a tenant amicably
Replies: 28
Views: 2234

Re: terminate the lease of a tenant amicably

Were they charged for assault, or just arrested? It sounds like this tenant is otherwise good, so I'm confused by the sense of urgency.
by drk
Sat Apr 06, 2019 2:45 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 737
Views: 63365

Re: That's enough for me in 2019

Frankly, if I was in the accumulation stage, I wouldn't sleep comfortably with 25/75. I'd be very worried about inflation, not having enough in retirement and leaving a lot of money on the table. But that's just me. We would need to see some inflation to get worried about it. It's also worth noting...
by drk
Sat Apr 06, 2019 2:00 pm
Forum: Personal Investments
Topic: Just One Investment Company?
Replies: 4
Views: 503

Re: Just One Investment Company?

Here's a useful thread to check out: All my eggs in one basket?.
by drk
Sat Apr 06, 2019 1:49 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Benefits Of International Diversification
Replies: 86
Views: 6662

Re: Larry Swedroe: Benefits Of International Diversification

columbia wrote:
Sat Apr 06, 2019 6:40 am
We’re coming up on 50 years of EAFE data in 2020.

It seems logical to accept that it (international allocation for US investors) doesn’t appear to matter. Or is 50 years decency bias? ;)
Sure, it's completely logical as long as we assume that the next 50 years will resemble the last 50 years.
by drk
Sat Apr 06, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Where to find a fact sheet for Treasury index?
Replies: 9
Views: 458

Re: Where to find a fact sheet for Treasury index?

To be honest, I find iShares's own website to be a better resource than Morningstar. You'll find the actual prospectus, annual reports, etc., there. Here is the page for GOVT, with a "Literature" link to scroll down to the fund's documents.
by drk
Sat Apr 06, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: Rebalance after IPO windfall ?
Replies: 25
Views: 2678

Re: Rebalance after IPO windfall ?

Go ahead and keep a little (5% seems like a nice round number), but be prepared for it to be a source of angst either way. If the company goes gangbusters, you'll kick yourself. If it tanks and lays you off, it'll add to your discontent. This is why I sell all my vesting RSUs: it's a reasonable ex a...
by drk
Sat Apr 06, 2019 1:22 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 695
Views: 87281

Re: Post your Financial Milestone Announcements Here

Over the last month or so, I made it to ten times expenses. When that trebles, I get to FIRE. Given my current savings rate, that should happen within five years, but obviously life will happen between now and then.
by drk
Thu Apr 04, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: Bay Area housing prices as a function of tech stock appreciation
Replies: 41
Views: 3424

Re: Bay Area housing prices as a function of tech stock appreciation

Sell to cover? :confused Eh? Sell to cover is an election for tax withholding on vesting RSUs in order to pay estimated taxes. That estimate doesn't work if your withholding rate is incorrect, though, which brings us right back to assigning a dollar value to RSUs in order to figure out what it shou...
by drk
Wed Apr 03, 2019 11:27 pm
Forum: Personal Investments
Topic: Should I Choose a MMF or Savings account?
Replies: 21
Views: 2086

Re: Should I Choose a MMF or Savings account?

I have no idea what a Chase "You Invest Is," and I don't want to know, if it's not FDIC insured. Vanguard Treasury MMF is riskless, and FWIW, state tax free. There’s no need for a grumpy post in response to an earnest question. OP is talking about buying VUSXX (i.e. Vanguard Treasury MMF) at Chase’...
by drk
Wed Apr 03, 2019 8:43 pm
Forum: Investing - Theory, News & General
Topic: Bay Area housing prices as a function of tech stock appreciation
Replies: 41
Views: 3424

Re: Bay Area housing prices as a function of tech stock appreciation

At my company, if the stock drops and your RSUs vest at a lower than expected value, they will give you more refreshers to make up for it. They have to do this to stay competitive with other tech companies (whose stock may be doing just fine and can offer you comp on that basis). So there is in fac...
by drk
Wed Apr 03, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: Bay Area housing prices as a function of tech stock appreciation
Replies: 41
Views: 3424

Re: Bay Area housing prices as a function of tech stock appreciation

Mine literally says here are X shares which vest over Y period. While I could assume a dollar value, none was specified, and I made no assumption. You can rest assured that there was an approximate dollar value assigned to those RSUs when they were granted. Maybe the company didn't communicate, or ...
by drk
Sun Mar 31, 2019 11:44 pm
Forum: Personal Consumer Issues
Topic: CitiBusiness AA bonus AFTER getting CitiPersonal AA Bonus?
Replies: 17
Views: 695

Re: CitiBusiness AA bonus AFTER getting CitiPersonal AA Bonus?

It definitely works. The language is actually very clear: This card is not available if the business already has a CitiBusiness® / AAdvantage® Platinum Select® World Mastercard® card. Bonus miles are not available if you have had any CitiBusiness® / AAdvantage® card opened or closed in the past 24 m...
by drk
Sun Mar 31, 2019 11:18 pm
Forum: Personal Investments
Topic: 33 and finally broke down my portfolio - lots of newb questions! :-)
Replies: 13
Views: 1098

Re: 33 and finally broke down my portfolio - lots of newb questions! :-)

The bolded statement on reinvested dividends perhaps makes sense if one is using average cost basis, not specific ID or first-in-first-out. Even so, it doesn’t make complete sense to me either. I don’t know of any situations where average cost basis is advantageous to an investor, but perhaps there...
by drk
Sun Mar 31, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to use Apple Pay Cash
Replies: 14
Views: 1047

Re: Best way to use Apple Pay Cash

I have never tried to send that much, but according to this list the limit at BoA is $2500 per day and $20,000 per month: https://www.mybanktracker.com/checking/faq/zelle-pay-limits-274406 Not sure whether I should believe that website or my lying eyes, although my anecdotal experience comes from l...
by drk
Sun Mar 31, 2019 9:46 pm
Forum: Personal Investments
Topic: 33 and finally broke down my portfolio - lots of newb questions! :-)
Replies: 13
Views: 1098

Re: 33 and finally broke down my portfolio - lots of newb questions! :-)

Wait. So, if he reinvests Vanguard share dividends, he still has to pay tax for dividends, right? Why would he turn off reinvestment of dividends ( which is useful for increasing cost basis )? Does that prevent paying taxes of Vanguard share dividends? Also, is the scenario any different for indivi...
by drk
Sun Mar 31, 2019 9:27 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3008

Re: Which Vanguard Dividend Fund to pick?

I was thinking diversity in the different companies that the fund is investing in. Vhdyx does not have holdings in amazon and other tech companies. Also for me, a young investor I can say it is more fun and entertaining to find new index funds to invest in and track. If you want fun, branch out fro...
by drk
Sun Mar 31, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to use Apple Pay Cash
Replies: 14
Views: 1047

Re: Best way to use Apple Pay Cash

The list of participating banks is fairly long, and I believe even people who don't have an account at one of them can use the Zelle app as long as they have a debit card. The transaction limit at my main bank is $5000, more than enough for peer-to-peer payments. I have used Zelle a few times to sp...
by drk
Sun Mar 31, 2019 8:41 pm
Forum: Personal Investments
Topic: 33 and finally broke down my portfolio - lots of newb questions! :-)
Replies: 13
Views: 1098

Re: 33 and finally broke down my portfolio - lots of newb questions! :-)

Thanks for the feedback! Agree on the HSA. I had some coming into this year but youre right. Was planning on increasing during next open enrollment. My company lets people change their HSA contribution rate mid-year. If you want to prioritize this, it may be worth checking if yours does, too. 3. Ta...
by drk
Sun Mar 31, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3008

Re: Which Vanguard Dividend Fund to pick?

Won't the yield matter if it is all getting reinvested? If you’re concerned with the growth of your assets, you should look at total return, not dividend yield. By overweighting companies that pay dividends (whether growing ones or high ones), these funds underweight companies that either don’t pay...
by drk
Sun Mar 31, 2019 8:06 pm
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3008

Re: Which Vanguard Dividend Fund to pick?

fireman44 wrote:
Sun Mar 31, 2019 7:50 pm
This fund will be very long term, possibly in my account for almost 30 years. I am leaning to the Vhdyx because of the higher SEC yield.
These appear to be in conflict. What difference does yield make if you’re not using the money for 30 years?
by drk
Sun Mar 31, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to use Apple Pay Cash
Replies: 14
Views: 1047

Re: Best way to use Apple Pay Cash

Frankly, I don't understand the point of this service (even though I have an iPhone and am a frequent Apple Pay user). You can't send money to anyone who doesn't have an Apple device, correct? Why not simply use Zelle, which always works as long as the recipient has a bank account, and directly tra...
by drk
Sun Mar 31, 2019 3:10 pm
Forum: Investing - Theory, News & General
Topic: "Should You Keep Foreign Stocks Out Of Your IRA"
Replies: 13
Views: 2474

Re: "Should You Keep Foreign Stocks Out Of Your IRA"

Your link goes to a Google search rather than to the article you referenced. For my part, I make this decision using a version of triceratop’s Tax Efficiency spreadsheet. Developed market large-caps go to taxable. Emerging markets and small-caps go to tax-advantaged. Qualified dividends are the bigg...
by drk
Sun Mar 31, 2019 3:06 pm
Forum: Personal Investments
Topic: Fido Screws Up and Says "Tough Luck"
Replies: 32
Views: 3116

Re: Fido Screws Up and Says "Tough Luck"

You made the wrong request. You should have asked for goodwill offers or incentives to make up for the mistake rather than having the fund’s other investors pay you for time your money wasn’t invested. When brokerages have made mistakes on my accounts in the past, they’ve given me things like free t...
by drk
Sun Mar 31, 2019 12:05 pm
Forum: Personal Investments
Topic: Failed land investments and what to do with it?
Replies: 86
Views: 6002

Re: Failed land investments and what to do with it?

Back in 2014 (when I was a sophomore in high school) I bought 5 pieces of desert land in Kern County California, for 7700 dollars in total from one of the tax sale websites online. This is way before I knew what to do with my money. [...] What shall I do with these properties? Should I just keep th...
by drk
Sun Mar 31, 2019 11:25 am
Forum: Personal Investments
Topic: Failed land investments and what to do with it?
Replies: 86
Views: 6002

Re: Failed land investments and what to do with it?

Let's look at the OPs post again. He invested $7700 five years ago. Each parcel averaged about $1520 then. Today, if land appreciated at 5% per year , it'd be worth ~$10,000 or $2000 per parcel average. $1300 sounds like a fire sale price. And if it appreciated at more than 5% per year, it would be...