Search found 27 matches

by Quantumfizz
Mon Jun 29, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: Painting new drywall
Replies: 24
Views: 1653

Re: Painting new drywall

In line with most recs, new drywall will really suck in the first coat of what is applied. You will be much happier using a dedicated primer, then following that up with paint.
by Quantumfizz
Tue Sep 17, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 35245

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

The pension is fairly irrelevant to the doubts OP was addressing with his OP. If he didn't have the pension, that $11k would just be saved elsewhere. No if he didn't have a pension, half that 11k would be going into SS and not savings. We need someone living in that area with a normal job paying 12...
by Quantumfizz
Thu Sep 05, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage Calculation
Replies: 51
Views: 3639

Re: Savings Percentage Calculation

I think this gives a few ways of looking at it that may help you determine what is best for you:

https://earlyretirementnow.com/2017/04/05/savings-rate/
by Quantumfizz
Fri Aug 02, 2019 11:41 am
Forum: Personal Investments
Topic: Pay off $17k student loan or max out 401k this year?
Replies: 48
Views: 3676

Re: Pay off $17k student loan or max out 401k this year?

max the 401k and use the tax savings on that vs. not getting the tax break to pay some toward the student loans. E.g. effective tax rate * 17,000 = portion paid toward loans. Win win.
by Quantumfizz
Tue Apr 30, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: What are the cons of always being a one parent working household?
Replies: 134
Views: 9424

Re: What are the cons of always being a one parent working household?

always best for a parent to raise their kids I personally don't understand the mentality of staying at home parents. It might be my upbringing. Growing up I have almost never seen such thing, actually there was a neighbor with a SAHM and my mother told be explicitly not to play with him because wha...
by Quantumfizz
Fri Apr 26, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Examples of financial accounting rules not applicable to personal finance?
Replies: 60
Views: 3194

Re: Examples of financial accounting rules not applicable to personal finance?

I've been using double-entry bookkeeping for my personal finances for 40 years. One problem that I have is using book value instead of market value for assets. If I have a mutual fund purchased for $100k that now has a market value of $500k it seems that I am understating my net worth to list it at...
by Quantumfizz
Thu Apr 18, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 114
Views: 15203

Re: Job Offer Evaluation - FANG

I just had a three way bidding war between three different FAANG. Slightly fudging the numbers for anonymity, but 230k base, 20% annual bonus, 45k sign on bonus, and 1.2 million dollar stock grant vesting over four years. I'm still not the highest paid person I know. Those numbers mean absolutely n...
by Quantumfizz
Thu Mar 21, 2019 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: success in retrirement depends on home value?
Replies: 18
Views: 1488

Re: success in retrirement depends on home value?

The idea that you need income equal to 30% of your home’s value to retire is completely unsupported. And the implication is that if you voluntarily move to a cheaper house that you’ll suddenly stop shopping at Whole Foods and switch to a Walmart superstore. People don’t live that way. The article d...
by Quantumfizz
Mon Mar 18, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9342

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Now that it seems you have gathered the appropriate responses for the minivan, might I also suggest looking into whether your wife can contribute to a 457b plan as well? Interesting point about the sliding doors on the minivan, I will be having this decision soon so was following this thread closely...
by Quantumfizz
Sun Feb 17, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 6097

Re: Moved to new state/job 6M ago. Previous employer wants me back!

If they want you back, they are either willing to pay the price or they are not. Ask them for 2x salary, maybe they meet you at 1.5x, otherwise, sounds like the play is to stay in the current spot.
by Quantumfizz
Thu Oct 18, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 50
Views: 4599

Re: Approach to rescinding a job acceptance

I would call via phone, but not feel bad at all. You always have to look out for yourself. Companies exist to made money, not to help you. Always take your best option.
by Quantumfizz
Mon Sep 17, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 33
Views: 4085

Re: Single Family Homes in Chicago?

Like Old Irving Park as well. Very short commute if you take the Metra in. Lived there while interning in college, and was still able to have plenty of fun. Sure, it wasn't Lakeview, where I lived another summer when I was there, but it was still plenty fun and easy to navigate.
by Quantumfizz
Wed Aug 22, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: CPA/Account error - who's responsible?
Replies: 24
Views: 2308

Re: CPA/Account error - who's responsible?

Agree with 55andout.

Also, in terms of assurance, a review doesn't even come close to an audit.

Do be sure to read through the Engagement Letter/Scope of Work, as it should detail EXACTLY what is and is not covered.
by Quantumfizz
Tue Aug 07, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: HELP!!!!! Need to find documentation of index superiority
Replies: 32
Views: 3327

Re: HELP!!!!! Need to find documentation of index superiority

FWIW, there are plenty of funds out there that can and have historically beat the returns of the market (depends which benchmark you refer to), but the chance of a FA doing that - slim to none.
by Quantumfizz
Mon Jun 25, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention
Replies: 21
Views: 1734

Re: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention

You should primarily pay attention to issues with the plumbing, sewage, and electrical systems. I would insist that those systems be brought up to code, if they aren't already code compliant, as part of a sale, or I would not buy the house. You should also have the inspector look for asbestos and l...
by Quantumfizz
Sat Apr 28, 2018 9:32 pm
Forum: Personal Investments
Topic: Unregistered 401k Options vs. Index Funds
Replies: 9
Views: 1498

Re: Unregistered 401k Options vs. Index Funds

Curious if your 401k is through Fidelity? I worked at a large company that had theirs through Fidelity. Initially, all the investment options were standard mutual funds, but, in an effort to lower the fees, the 40 act funds were replaced with the comingled pool equivalents for our plan, which see mu...
by Quantumfizz
Sat Apr 14, 2018 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 9825

Re: Owners Title Insurance - Super Heavy Handed Pitch

When I shopped online, I found that the title insurance I purchased was actually lower than online quotes and in line with the applicable government mandated rates for my state, which were based on the sale price of the property. Zero room for negotiation, unless you wanted to pay more to an online ...
by Quantumfizz
Sat Mar 31, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise/promotion with another offer in hand
Replies: 103
Views: 9606

Re: Asking for a raise/promotion with another offer in hand

For a few months now I have suspected that I am being underpaid and decided to do some interviews. I have received 2 offers above my current salary; the first I turned down due to having to relocate for it, but the second is local and only about a 5 more minute commute. The pay is $20k more than I ...
by Quantumfizz
Sat Mar 31, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 29757

Re: In what ways could BogleHeads be badly wrong ?

Here is the philoosphy as intended to be applied to investing in stock and bond mutual funds. Item by item what could be badly wrong about any of those? It isn't enough that one find something that could GO wrong; the question is what could BE wrong. BH is not a philosophy for life in general and a...
by Quantumfizz
Mon Jan 08, 2018 11:18 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 176
Views: 23263

Re: 2018 Hedge Fund contest

Name: Maximum Volatility

Longs
AEROHIVE NETWORKS INC HIVE
CALAVO GROWERS INC CVGW
EXTREME NETWORKS INC EXTR

Shorts
GENERAL ELECTRIC CO GE
TESLA INC TSLA
ALNYLAM PHARMACEUTICALS ALNY
by Quantumfizz
Mon Jan 08, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 7876

Re: Life at a crossroad: seeking advice

Another thought - Interview a few places just for practice then try to get something you actually want after you are fine tuned (assume at same place for 5 years you have not done interviewing recently?) Use this to practice negotiating salary...you may be shocked to see how much more you can get an...
by Quantumfizz
Mon Jan 08, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 8891

Re: Lowball offer on a home

Nothing wrong with offering super low, even if the seller did get offended, they would probably get over it pretty quickly if any subsequent offers you made became their highest offer.
by Quantumfizz
Sat Dec 30, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.
Replies: 39
Views: 8543

Re: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.

Jack Bogle’s 5 bold investment predictions for 2018 and beyond. Article on CNBC https://www.cnbc.com/2017/11/20/jack-bogles-5-bold-investment-predictions-for-2018-and-beyond.html YouTube Video interview. https://www.youtube.com/watch?v=KZWX38OG9iE Jack Bogle says the American market is a proxy for ...
by Quantumfizz
Wed Dec 27, 2017 11:55 pm
Forum: Personal Investments
Topic: Introduction time
Replies: 21
Views: 1980

Re: Introduction time

I have a great boss who is as lenient as you can be with time as one would hope working an 8-5 job. Are you saying that your boss has no problem with you working more hours than would normally be expected in order that you can demonstrate your eagerness and desire to learn and increase your value t...
by Quantumfizz
Fri Dec 08, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 62
Views: 8690

Re: CPA: The best profession if you want to make the most money + keep the most money?

Some thoughts as a CPA: I did public for a few years and was top rated. IMO if you can handle the hours there is no other job in the world where you can be completely average (or even below average) at your job and continue to get rapidly promoted with high raises each year. That being said, if you ...
by Quantumfizz
Wed Jul 26, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Too much of portfolio in Vanguard?
Replies: 22
Views: 4824

Re: Too much of portfolio in Vanguard?

Yes there is a risk - depending on what you are invested in if the portfolio manager leaves the firm then you risk an outflow of assets to follow them forcing the fund to harvest positions prematurely. Granted, in an index fund the impact would likely be slim to none but there have been funds that h...