Search found 1754 matches

by drk
Mon May 25, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates headed lower?
Replies: 18
Views: 1995

Re: Mortgage rates headed lower?

Assuming that mortgage market distress eases before inflation expectations kick up, definitely. I honestly wouldn't be surprised to see 30-year mortgage rates touch 2%.
by drk
Mon May 25, 2020 12:04 pm
Forum: Non-US Investing
Topic: put bonds purchases on hold while stock prices still low?
Replies: 5
Views: 474

Re: put bonds purchases on hold while stock prices still low?

However, stocks are currently still well below the pre-covid prices , so I was wondering whether it wouldn't make more sense to invest all in stocks for the next few months. This is an example of anchoring . You would do well to ignore pre-COVID prices in forming your plan because things have chang...
by drk
Sat May 23, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go to grad school?
Replies: 24
Views: 1591

Re: Should I go to grad school?

allones wrote:
Sat May 23, 2020 1:26 pm
Folks who graduate get recruited directly into FAANG positions.
Into which roles, though?
by drk
Fri May 22, 2020 10:49 pm
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 73
Views: 4570

Re: Thinking of selling some SP 500 to buy more Wells Fargo

Wells Fargo was a bad investment before the Fed re-adopted a ZIRP for the foreseeable future. Now it's even worse. Sell it, or at least resist the urge to buy more.
by drk
Fri May 22, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: Value tilted S&P 500 fund for dividend?
Replies: 61
Views: 5129

Re: Value tilted S&P 500 fund for dividend?

SPYD has grown from a few 100 million to approaching 2 billion dollars. Most analysts consider the 500 an excellent source of dividends for an 80 stock sample, especially when the economy is more normal. I'm sure State Street is happy, but no investor in this fund should be. Since inception, it's h...
by drk
Fri May 22, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Value tilted S&P 500 fund for dividend?
Replies: 61
Views: 5129

Re: Value tilted S&P 500 fund for dividend?

I'm not a fan because I don't like dividend funds, in part because of their tax inefficiency. For what it's worth, you can go read about the index rather than presuming how it's constructed. Thanks to the odd index construction (equal-weighting of 80 high-yield stocks), SPYD is actually doubly tax-...
by drk
Mon May 18, 2020 2:16 am
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7685

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Fair point. The flip side: the idea that savers who just want to defer some of their spending for a later day deserve to have it inflated away and then get heavily taxed on the “interest” that doesn’t even make up for what inflation is destroying is equally strange. What's wrong with TIPS? If those...
by drk
Sun May 17, 2020 3:00 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7685

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

How many retirees would trade away ultra-low inflation for higher interest rates? This idea that people deserve interest for doing nothing but stashing cash in a liquid government-backed account is strange, really.
by drk
Sat May 16, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Emergency Fund?
Replies: 16
Views: 1535

Re: Increase Emergency Fund?

Fun money in savings is about another 15 days. I probably would get severance, and it would realistically take me 4-6 months to find good employment (something reasonably as interesting as I’m doing now). Consider that it will take another month after starting to have your expenses covered by that ...
by drk
Fri May 15, 2020 10:06 pm
Forum: Personal Consumer Issues
Topic: Who needs a firewall and who doesn't?
Replies: 18
Views: 1304

Re: Who needs a firewall and who doesn't?

Windows Defender is better and more trustworthy than Kaspersky. Keep it updated, and that's really all you need running on your machine.

Also, I would recommend not taking Youtube channels as authoritative sources. My job overlaps with infosec, and I've never heard of this guy.
by drk
Thu May 14, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12045

Re: Selling home - low ball negotiation

Think long and hard about doing this unless you really want to keep it as a rental for the next 10 or 20+ years. I read that differently. I thought OP was saying their back-up plan in the event the house sells is to rent for a year before buying something different because they have not been able t...
by drk
Thu May 14, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 46
Views: 6487

Re: Compensation negotiation strategy (rocket ship tech)

fatFIRE wrote:
Wed May 13, 2020 9:24 am
- Also, move into software, the money is better than hardware. If you're a Manager at FAANG, that's $500k. Director is $1M. WLB is also better than hedge fund.
Assuming I've got HEDGEFUNDIE's company pegged correctly, he's already in software, just on the non-tech side.
by drk
Wed May 13, 2020 3:58 pm
Forum: Personal Consumer Issues
Topic: 90%+ chocolate bar
Replies: 67
Views: 4820

Re: 90%+ chocolate bar

I noticed something, anything labeled "dark chocolate" does not have any milk. So even if it's 70-90% cocoa, it won't have any milk. The extra ingredient would be sugar. Does anyone know why there isn't even a little milk? Or why there isn't dark chocolate which is just cocoa + milk (no sugar), rat...
by drk
Tue May 12, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Div Appreciation (VDADX) tax efficiency vs others in taxable?
Replies: 3
Views: 231

Re: Vanguard Div Appreciation (VDADX) tax efficiency vs others in taxable?

I'm sure you can pull the structured data from somewhere on Vanguard's site, but all I see now is the fund's Distributions tab. There is this dividend yield history from Y Charts for the last five years.
by drk
Tue May 12, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Div Appreciation (VDADX) tax efficiency vs others in taxable?
Replies: 3
Views: 231

Re: Vanguard Div Appreciation (VDADX) tax efficiency vs others in taxable?

That fund is funny because its name makes people think of dividend-yield strategies, but it's really using dividend policy as a proxy for quality. That means that the usual warnings about tax-inefficient dividend funds don't really apply here.
by drk
Sun May 10, 2020 6:21 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13047

Re: Will "work from home" destroy the commercial real estate market?

Next step will be that companies in high cost area - Bay Area, Seattle, begin to hire people to work remotly , and pay less. Today company hiring out of state paying for relocations + gives high area salary. Instead they will hire people from low-cost areas and pay them less. This was already an op...
by drk
Sun May 10, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7307

Re: Layoff Imminent, seeking guidance.

awval999 wrote:
Sun May 10, 2020 1:01 pm
3. Projects / Powerpoints /Presentations
Be extremely careful with this. If I did that, I'd be looking at a potential lawsuit.
by drk
Sun May 10, 2020 12:25 pm
Forum: Personal Investments
Topic: Home Purchase Advice / Financial Advisor Recommendation
Replies: 10
Views: 863

Re: Home Purchase Advice / Financial Advisor Recommendation

Jags4186 wrote:
Sat May 09, 2020 4:46 pm
Instead of thinking what’s the max you can spend, why don’t you start with a list of things you want in a house and then see what that costs?
Agreed. This scenario is straight out of The Millionaire Next Door.
by drk
Sun May 10, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

Not an expert in this field, but couldn't failure to do the work required result in being fired with cause? No, of course not. Nobody’s suggesting that OP violate any company policies, just manage his workload for the sake of his own health. Which probably would mean the OP is on hook for those exp...
by drk
Sun May 10, 2020 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

coachd50 wrote:
Sun May 10, 2020 12:20 am
Does someone who took a 300% increase in total compensation, and who the company spent $40,000 to relocate get to set boundaries?
Yes. That’s their sunk cost, and they decided to hire OP because they had no viable alternative. OP has power if he chooses to exercise it.
by drk
Thu May 07, 2020 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217721

Re: Fidelity as a one stop shop

jjface wrote:
Thu May 07, 2020 2:36 pm
Anyone know wha tthe best short term bond fund is at fidelity for short term cash witha bit of risk(since mm are so low?) Any close to vanguard's offerings?
Just based on their screener, it seems like FNSOX is the ticket. It's similar to Vanguard's BSV.
by drk
Thu May 07, 2020 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Summer Intern Roth 401(k)
Replies: 16
Views: 538

Re: Summer Intern Roth 401(k)

Check the vesting on 401k matching contributions. With that generous a match, I'd be surprised if it vested after less than a year of employment.
by drk
Wed May 06, 2020 2:58 pm
Forum: Personal Investments
Topic: Munis: Hold or Sell
Replies: 31
Views: 2268

Re: Munis: Hold or Sell

At this point, the SEC yield on VWIUX and VWLUX are significantly higher than Total Bond on an absolute basis, so there's no need for tax-bracket justifications. If you don't need the money now, I would leave them be until yields readjust.
by drk
Tue May 05, 2020 5:33 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway is hammered
Replies: 60
Views: 11831

Re: Berkshire Hathaway is hammered

I suspect that the poor management at Boeing scares Buffett and Munger after their lesson with GE.
by drk
Tue May 05, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: MAJOR back door roth contribution for 2020
Replies: 9
Views: 545

Re: MAJOR back door roth contribution for 2020

That's not a back-door Roth.
by drk
Sat May 02, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217721

Re: Fidelity as a one stop shop

vsk wrote:
Sat May 02, 2020 5:24 pm
AFIK schwab does not have DRIP
Yes, of course it does.
by drk
Sat May 02, 2020 6:04 pm
Forum: Investing - Theory, News & General
Topic: [Berkshire Hathaway Annual Shareholder meeting]
Replies: 49
Views: 3766

Re: Where's Warren Buffett During This Crisis?

We got our answer about Berkshire and airlines: it unloaded its entire position over the last two months.
by drk
Sat May 02, 2020 4:06 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Hathaway is hammered
Replies: 60
Views: 11831

Re: Berkshire Hathaway is hammered

It's odd. When most CEOs complain about rule-changes, people cast aspersions on their motivations. When Warren does it, people attack reporters detailing what Berkshire's SEC filings contain.
by drk
Sat May 02, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 581
Views: 150191

Re: Bank of America/Merrill Edge - Preferred Rewards

I believe $21k is BofA's limit for initial approval credit limits. I've gotten three different cards from them with that same exact credit limit.
by drk
Sat May 02, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 336
Views: 29034

Re: JPM Chase Reserve Card gets more expensive

I would be very careful when you downgrade not to lose the UR points associated with the Reserve. You don't lose UR points when downgrading. I don't know what Chase's policy is on refund of annual fee on the Reserve. I suspect it is pro rata--but don't know. Yes, after 30 or 40 days (I forget which...
by drk
Sat May 02, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: The NYSE floor is closed...how do they reopen?
Replies: 14
Views: 1501

Re: The NYSE floor is closed...how do they reopen?

Why do actors work for free, or why do companies provide paid actors for free, for this particular reality show? In an efficient market, wouldn't that not happen? Nobody is there for free. They're all getting something, be it pay, marketing, a unique experience, etc. Besides, you've heard of extras...
by drk
Fri May 01, 2020 7:58 pm
Forum: Investing - Theory, News & General
Topic: The NYSE floor is closed...how do they reopen?
Replies: 14
Views: 1501

Re: The NYSE floor is closed...how do they reopen?

The NYSE trading floor has been a reality TV set for something like two decades at this point. Presumably, it will reopen when it's safe for the on-screen talent to appear on-set every day.
by drk
Fri May 01, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Risk of Muni Bonds
Replies: 56
Views: 5235

Re: Risk of Muni Bonds

I agree and well said. Muni being tax free is hard to beat. I also think maybe the "active" Vanguard Intermediate Tax Exempt may be slightly better than the Tax Exempt Index fund. The Index fund would have to hold the index including good and bad municipals (i.e. think Detroit and Puerto Rico). Why...
by drk
Thu Apr 30, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3278

Re: How to I invest in the self-driving car industry?

guyinlaw wrote:
Thu Apr 30, 2020 11:25 am
Google will be the likely winner.. Best to invest in broad market..
I'm skeptical of the former assertion, and so I certainly agree with the latter.
by drk
Thu Apr 30, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4276

Re: Is it always smart to buy points (mortgage)?

Seeing this thread pop up always makes me laugh because recent history leads me to believe that it's rarely smart to buy points. When you have a job that's steady, and/or know this home will be your home in retirement (i.e. you won't be moving) and rates are sub-3%--and esp for a 15 year loan--buyi...
by drk
Thu Apr 30, 2020 11:22 am
Forum: Investing - Theory, News & General
Topic: How to I invest in the self-driving car industry?
Replies: 64
Views: 3278

Re: How to I invest in the self-driving car industry?

Uber (Otto), Google (Waymo), GM (owns Cruise), Tesla (Auto-Pilot), Nvidia (GPUs), Amazon (cloud services)
by drk
Wed Apr 29, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

Assuming that you worked about 35 hours per week at your old job, you'll have completed exactly one year in a third the time. Can you make it to four months? What if you do a (plausibly deniable) bad job? Eventually people will recognize that they can't rely on you and will find other ways to get th...
by drk
Wed Apr 29, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it always smart to buy points (mortgage)?
Replies: 46
Views: 4276

Re: Is it always smart to buy points (mortgage)?

Seeing this thread pop up always makes me laugh because recent history leads me to believe that it's rarely smart to buy points.
by drk
Wed Apr 29, 2020 1:27 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5625
Views: 481477

Re: U.S. stocks continue to soar!

expat wrote:
Tue Apr 28, 2020 3:11 pm
Threads devoted to daily market ups and downs are anti-Boglehead :)
Nothing in the philosophy says that people need to ignore markets. They just shouldn't act on those daily changes.
by drk
Tue Apr 28, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best mortgage comparison tool? Bankrate? LendingTree? etc
Replies: 9
Views: 628

Re: Best mortgage comparison tool? Bankrate? LendingTree? etc

Before engaging with the generic brokers, I think it's worthwhile going through the pre-approval process with a local lender (regional bank or a credit union) to get a feel for everything and a baseline for what to expect with rates/fees/service.
by drk
Tue Apr 28, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: [One stop shop with BoA / Merrill Edge]
Replies: 34
Views: 1982

Re: [One stop shop with BoA / Merrill Edge]

I've thought about this. The two big drawbacks are: 1. Lack of good sweep options after they nerfed the program, which used to offer options competitive with Fidelity's 2. No ability to use an ME account for BofA checking overdraft, which means setting up alerts, manually transferring, and calling u...
by drk
Tue Apr 28, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: chase sapphire rewards strategy
Replies: 18
Views: 1522

Re: chase sapphire rewards strategy

I cashed out my UR/MR points last month, and I bought stock funds with the money, so I've already seen a 20% return.

That said, I still have several hundred thousand airline miles and hotel points, so I'm not worried about having currency to book awards travel when it's possible again.
by drk
Mon Apr 27, 2020 1:42 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19832

Re: Why am I even saving for retirement?

And I look forward to being rewarded for it And that doesn't run counter of your OP how? I must admit, I'm still :shock: to see the creator of the "adventure" asking "why bother saving"... Oddly though, I'm less shocked that you think social security will still be there in 30 years and it will stil...
by drk
Mon Apr 27, 2020 1:30 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19832

Re: Why am I even saving for retirement?

I used to think $94k a year is more than enough, but once I got there, I found new ways to spend money and moved my goalpost. So did the government... As I earn more, I keep less... So I gotta earn even more for the next incremental dollar to spend/save... Huh? Tax rates have consistently gone down...
by drk
Sun Apr 26, 2020 11:14 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19832

Re: Why am I even saving for retirement?

Yes, but the money may not worth anything. For example, Rwanda. Weimar Germany tried. Inflation was so fast they literally almost couldn’t physically print the money fast enough. You guys forgot Venezuela and Zimbabwe. The examples are irrelevant, though: if the US experienced that sort of hyperinf...
by drk
Sun Apr 26, 2020 9:56 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19832

Re: Why am I even saving for retirement?

yosemite_mountain wrote:
Sun Apr 26, 2020 8:49 pm
Why would you count on the government to take care of you? What if they run out of money?
It is literally impossible for a monetary sovereign to run out of money.
by drk
Sun Apr 26, 2020 2:42 pm
Forum: Personal Investments
Topic: Thinking about RSUs and asset allocation
Replies: 18
Views: 1675

Re: Thinking about RSUs and asset allocation

willjbryan wrote:
Sun Apr 26, 2020 1:32 pm
Another step I’m considering is to short the ETF for my employer’s sector.
Be careful with this. Some insider trading policies apply to funds with 5% or more of their holdings in the company's stock. This makes ETFs like QQQ/SCHG/VGT/VOX/VCR inappropriate hedges for some FAANG+M employees.
by drk
Fri Apr 24, 2020 12:00 pm
Forum: Investing - Theory, News & General
Topic: Morningstar praises new Fidelity Core Bond fund- opinions?
Replies: 18
Views: 1468

Re: Morningstar praises new Fidelity Core Bond fund- opinions?

^ Remember that Morningstar is in the publishing business. It has an incentive to promote novel products, even if they're functionally identical to others already on the market. Fresh content attracts repeat visitors, which justifies subscription renewals.
by drk
Fri Apr 24, 2020 11:53 am
Forum: Personal Investments
Topic: FIRE 32 Y/O New Investor Portfolio Review
Replies: 58
Views: 6638

Re: FIRE 32 Y/O New Investor Portfolio Review

zenflow wrote:
Fri Apr 24, 2020 2:13 am
I understand it's an index fund, but I was referring to an article from Morningstar:
Okay, I think I'm missing something because I don't see how that relates to what you said about not knowing whether FMBIX would track an index.
by drk
Fri Apr 24, 2020 1:59 am
Forum: Personal Investments
Topic: FIRE 32 Y/O New Investor Portfolio Review
Replies: 58
Views: 6638

Re: FIRE 32 Y/O New Investor Portfolio Review

1) - I saw FMBIX but the fund was so new, and I didn't know how well it would perform. Correct me if I'm wrong, but it's not necessarily tracking an index or anything right? If that's the case, I'd probably want to rely on something with a bit of a track record. Yes, it’s an index fund, as I noted ...