Search found 150 matches

by boogiehead
Fri May 29, 2020 6:02 pm
Forum: Personal Investments
Topic: Sell or rent $2m house?
Replies: 23
Views: 1153

Re: Sell or rent $2m house?

Seems like a no-brainer to sell.... if your only getting 5k worth of rent for a 2 mil property, seems to me like your subsidizing someone to live there.
by boogiehead
Sun May 24, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 79
Views: 3277

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Although it seems like going against conventional wisdom, but I would suggest looking into leasing especially for high end German cars that have high maintenance cost down the road. If you know how to maximize your lease incentives and a dealer near you needs to move a car or two before the end of t...
by boogiehead
Sun May 24, 2020 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1014
Views: 104670

Re: Why are you NOT buying rental properties?

Something a lot of people are missing is that the tenant actually pays for your mortgage.... Let’s say you buy a 100k apartment which you can rent for 8k a year. Instead of putting your own money, you take a mortgage at 3% for 10 years. The rent pays for your mortgage. Meanwhile your money passivel...
by boogiehead
Tue May 19, 2020 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone holding off buying a home? Possible COVID-19 changes in the way we work...
Replies: 8
Views: 1226

Re: Is anyone holding off buying a home? Possible COVID-19 changes in the way we work...

I concur with your assumptions and am waiting to see how things play out at least till the end of the year. I believe major downtown cities will take a significant exodus hit (especially with social distancing becoming the norm) and if a company doesn't have any WFH flexibility ... they will have a ...
by boogiehead
Sat May 16, 2020 1:04 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2464

Re: Sharing income with parent(s)?

Congrats on your success, what about buying a nice gift for your mom or taking her out for a fancy meal (although not sure if this is feasible right now though) as a sign of appreciation and letting her know you have done really well for yourself and wanted to share the success with her .... Persona...
by boogiehead
Sat May 09, 2020 1:36 am
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15533

Re: "The economy is in free fall. So why isn't the stock market?"

New Wall Street Journal article "Why Is the Stock Market Rallying When the Economy Is So Bad?" highlights five reasons the stock market is soaring as the economy is floundering: 1. Bets on a “V-Shaped” Recovery -- "many analysts are looking past the grim economic data, forecasting a speedy recovery...
by boogiehead
Tue May 05, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: [thinking about buying a house in LA, wait for RE crash?]
Replies: 56
Views: 3315

Re: [thinking about buying a house in LA, wait for RE crash?]

With remote work being the norm right now... I can see the denser areas will see a significant drop in demand (i.e west la) thus resulting in prices falling a bit.
by boogiehead
Thu Apr 30, 2020 2:24 am
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12679

Re: What explains the continued rise in equities?

The only extra little bit of prediction I'm willing to make is that we haven't seen a drop yet that comes anywhere close to the full impact this health crisis — and the associated long-term lifestyle and employment changes — will eventually have on the market. Nowhere close. I am of the opinion the...
by boogiehead
Wed Apr 29, 2020 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17350

Re: Quitting a job after two weeks: relocation expenses

I would wait until they let you go. Edit: What happened to the previous person? Non-technical people have no clue about technical "stuff". They tend to have unrealistic expectations. . +1 what happened to the previous person. Do you have peers or a team to help assimilate you? Seems like a total mi...
by boogiehead
Wed Apr 29, 2020 12:48 am
Forum: Personal Investments
Topic: Why shouldn’t I do this?
Replies: 43
Views: 2356

Re: Why shouldn’t I do this?

The reason why you shouldn't do it is because you are UNSURE, if you were so sure you wouldn't need to ask a bunch of random people on the internet "Why shouldn't I do this?" you would just do it and laugh your way to the bank. Its like the financial advisor, if he/she knew could analyze the market ...
by boogiehead
Fri Apr 17, 2020 12:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5718
Views: 487965

Re: U.S. stocks continue to soar!

...It's the hospitality industry that I'm worried about. However, how much they drive the economy is anyone's guess I suppose. Except for the top chefs and managers, the hospitality industry is very fluid. Very few in the middle and lower ranks stay at the same establishment for a long time. I have...
by boogiehead
Mon Apr 13, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: What's behind huge layoffs at unicorns?
Replies: 81
Views: 7751

Re: What's behind huge layoffs at unicorns?

In the 1990s when it came to dotcom bubble companies, the buzzword was the "internet" Now in the 2010s/2020, the newbuzz word is "technology" company. Airbnb, Instacart, Lyft and Uber are "Technology" companies. They aren't any more technologically advanced than any other company. They just hire so...
by boogiehead
Thu Apr 09, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Rates
Replies: 10
Views: 863

Re: Insurance Rates

If you were an insurer would you lower your rates because of a 2 month "blip" on the overall stats? Whether you stay at home or not, it should not effect your homeowner's whatsoever. Consider the lower gasoline bill & wear and tear on your vehicle as the insurance discount. +1 Looks like most of th...
by boogiehead
Wed Apr 08, 2020 12:59 am
Forum: Personal Investments
Topic: dry powder increasing
Replies: 52
Views: 4640

Re: dry powder increasing

P.S. if i had another chance i would of put 100% of my dry powder (not just 1/3 of it) at the 20% down spiral lesson learned :P If I had another chance, I’d buy a lottery ticket with the winning numbers, but we can’t predict the future. We can only do what we think is the best at the time. You'll g...
by boogiehead
Fri Apr 03, 2020 12:39 pm
Forum: Personal Consumer Issues
Topic: JD Power Survey re Car Purchase: Legit or Not?
Replies: 5
Views: 326

Re: JD Power Survey re Car Purchase: Legit or Not?

Did you receive a few dollars in cash with the survey? I think its something that they do to entice you to complete the survey. :D.
by boogiehead
Sun Mar 29, 2020 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Rates
Replies: 10
Views: 863

Insurance Rates

Its almost time for me to renew my auto insurance and am curious with the stay at home mandates from the govt I'm assuming its been a great month for the auto insurance companies with a lot less claims and at least another month in the foreseeable future.... with that said would you anticipate the i...
by boogiehead
Sat Mar 28, 2020 1:57 am
Forum: Personal Consumer Issues
Topic: Best Items to Buy at Macys
Replies: 16
Views: 2151

Re: Best Items to Buy at Macys

What you need. And nothing more. Macys has very competitive pricing if you have their CC. They send stackable coupons etc. With the caveat that 50% of the items are excluded... and if the coupon works they'll jack up the price first, once in a blue moon you'll find a deal other than that I've been ...
by boogiehead
Mon Mar 23, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14393

Re: What have you learned from this situation that you will take action on?

No two situations are ever the same, have a general plan, but stay nimble as well.
by boogiehead
Mon Mar 23, 2020 6:40 pm
Forum: Investing - Theory, News & General
Topic: Stupid economic question about this crisis
Replies: 10
Views: 1140

Re: Stupid economic question about this crisis

This is not an equal redistribution of wealth. The hospitality and travel industry is in life support right now vs. the consumer goods and medical industry is thriving just look at the stock prices where the former have >50% lost where the other is <20% lost.
by boogiehead
Thu Mar 19, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: 2020 COVID Crash Lessons
Replies: 157
Views: 12778

Re: Sage forum people what are the right lessons to draw from this crash?

Emergency fund is a must and cash is king :moneybag
by boogiehead
Wed Mar 18, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Gold [why is it dropping?]
Replies: 72
Views: 3389

Gold [why is it dropping?]

Can someone explain to me why gold is dropping like stocks right now?
by boogiehead
Tue Mar 17, 2020 7:29 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 50784

Re: How Is Your Job Being Impacted By The Current Crisis?

Started working remotely this week, heard almost all IT projects are on hold now and management is focused trying to make cuts left and right as we speak so I can see layoffs coming..... :shock:
by boogiehead
Mon Mar 16, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house - should I get out of it now?
Replies: 40
Views: 3636

Re: Buying a house - should I get out of it now?

I'll be quite honest, I'd be looking to get out of that purchase at this time. because of the general uncertainty? Indeed. This may be an unpopular opinion on the board but if you consider that economic activity in many places has come to an absolute standstill, I cannot help but think there will b...
by boogiehead
Sat Mar 14, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Current situation and housing market
Replies: 18
Views: 1861

Re: Current situation and housing market

Hi, I am about to put offer on a house. What do you all think about the impact of coronavirus on the housing market? Should I wait a little bit before putting an offer? Should I ask for a price cut? Thanks. I am in the same boat... I was pre-qualified for a new build in my area and they just releas...
by boogiehead
Mon Feb 03, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change to Cyber Security
Replies: 16
Views: 1581

Re: Career Change to Cyber Security

Do you have a passion for IT, logic, coding, computers, if not then I would think twice before going down this path as although this is a very hot field right now it is also very demanding so you have to be constantly updating your skill sets in order to keep up with the industry so you truly need t...
by boogiehead
Thu Jan 23, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Career Thoughts - Taking a large pay cut
Replies: 39
Views: 3302

Re: Career Thoughts - Taking a large pay cut

Question on my husband's behalf (he'll read the responses or more likely I'll read them to him). Currently extremely unhappy in his Boston area job that he started 8mths ago. Has been searching for a new position for a few months. A position has presented itself in a VLCOL city in the midwest. We c...
by boogiehead
Tue Jan 21, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11921

Re: to pre-nup or not?

Hello, My partner and I are at the very beginning stages of looking to purchase a home together. We are not married but we have agreed it would be a good idea. Although I intend to be with her for the duration, [stuff happens --admin LadyGeek] and I want to protect what I have. It's giving me a bit...
by boogiehead
Sun Dec 29, 2019 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Re: Housing Advice

Thanks this list is very handy.... I went to an open house today and noticed that the laundry room was on the first floor and the bedrooms were on the second floor and reminded me of the list :happy .... I'm really amazed at the lack of thought that goes into so many of the houses I've seen so far.....
by boogiehead
Sun Dec 29, 2019 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Re: Housing Advice

Thanks one of my friend mentioned this to me as well today.... I'll definitely keep this in mind :D The "mistake" we made in buying our first house is not checking out the neighborhood. We didn't know we were moving into a house next to "problem" neighbors. We learned to check out the neighborhood a...
by boogiehead
Sat Dec 28, 2019 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Re: Housing Advice

OP: Are you looking for a "long term" house? If you are not a DIYer, I would avoid all around "old" homes. But if the structure is old, but with a newer roof, plumbing, electical, etc... then I would not avoid. Basically if wear items are newer-ish then the build date wouldn't scare me. My structur...
by boogiehead
Sat Dec 28, 2019 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Re: Housing Advice

One mistake we made buying our first house is we took what we could get in a hot market. It wasn’t a place we wanted to live long term and something we just considered a starter home. A couple years later when the 2009 housing bubble burst we and kids came along it was a problem. My advice: look fo...
by boogiehead
Fri Dec 27, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Advice
Replies: 14
Views: 1505

Housing Advice

Hi all - Looking for some advice as I am hoping to buy a house next year. I currently live in a condo which I realized its not for me anymore as having to deal with so many neighbors has become a nuisance. In terms of housing can someone give me some pointers on what to look for besides the basics s...
by boogiehead
Sat Dec 21, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Have you switched from Android to iPhone? What were the pluses and minuses?
Replies: 51
Views: 4472

Re: Have you switched from Android to iPhone? What were the pluses and minuses?

Similar experience here, i was a long time android user and switched to iphone 8 when there was bogo promotion. Most android phones stop support after a couple years, some of the banking apps I had were “behind” in terms of functionality on android since most professionals have iphones, battery usua...
by boogiehead
Sun Nov 24, 2019 1:39 am
Forum: Personal Investments
Topic: 19 Years Old, Need some advice
Replies: 30
Views: 3047

Re: 19 Years Old, Need some advice

You are off to a great start, your investments are simple and sound.

Just some general advice off the top of my head

1) Invest in yourself ... I'm assuming you are attending college and if you want a quick start to a career STEM would the way to go.
2) Avoid debt
3) Accumulate assets
by boogiehead
Sun Nov 10, 2019 1:17 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 62
Views: 5827

Re: How bad business travel is?

One more thing is are you travelling solo or with a team? If you are travelling with a team and you are not the most senior person most likely you will be needing to make some sacrifices (i.e. flight times, hotel chain preferences, favorite cuisines, when to meet in the morning, etc...) so hopefully...
by boogiehead
Thu Oct 31, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3938

Re: Why SHOULDN’T I open an SAT/ACT prep center?

A while ago I was considering moving into teaching, but after some thought, I think opening up my own test prep business might be worth considering too. The initial start up costs are low and I can fund it with cash. Worst case, I lose my initial investment. My projections include actively teaching...
by boogiehead
Wed Oct 16, 2019 1:12 pm
Forum: Personal Investments
Topic: Cash basically sitting uninvested. What to do?
Replies: 47
Views: 7055

Re: Cash basically sitting uninvested. What to do?

Hi All - So I have a significant chunk of cash sitting relatively idle right now (its in an online savings account earning 1.7%). I know I should invest it but basically have been sitting idle with it for, I'm embarrassed to say, about 2 years. I basically missed the current boom with it, but I'm s...
by boogiehead
Sat Oct 12, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make more money with my accounting degree?
Replies: 29
Views: 3298

Re: How do I make more money with my accounting degree?

+1 with getting a cpa, its your best bet on moving up in the accounting world. Also what you are hoping for is unrealistic... if you want higher salary that means you will need to move up to some type of mgmt position acct sup, mgr, controller, cfo, etc.... which also means more responsibility espec...
by boogiehead
Mon Oct 07, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: Router for Small Apartment
Replies: 18
Views: 1501

Re: Router for Small Apartment

What frequency are you connecting at 2.4 or 5 (2.4 should be more stable), have you tried changing a broadcast channel? I have a Netgear Nighthawk (R6700) myself and its flakey as well. I've been having to reboot it every few days or else the connection becomes really slowwwww (~10Mbps). I had a TP-...
by boogiehead
Fri Sep 13, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6814

Re: Whistleblowing / Going Rogue at Work

What is your end-goal in reporting this? Based on that you should see if meeting with the president would help you achieve that goal. On a side note .... believe it or not corporate waste is very prevalent, so I"m not sure the president would be as "shocked" as you think he/she would be. I've seen a...
by boogiehead
Fri Aug 23, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Wedding stuff
Replies: 19
Views: 1983

Re: Wedding stuff

Been to a few of these just make sure you have enough alcohol and everything will work itself out :sharebeer
by boogiehead
Thu Aug 22, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: Chinese property bubble?
Replies: 59
Views: 3064

Re: Chinese property bubble?

Interesting ... does anyone know what the property taxes are like?
by boogiehead
Mon Aug 19, 2019 7:13 pm
Forum: Personal Investments
Topic: 23-Year-Old: Question About Portfolio
Replies: 7
Views: 647

Re: 23-Year-Old: Question About Portfolio

1) What are your financial goals?
2) What is your risk tolerance?

After carefully thinking about those.... tweak your plan based on those answers. The 25% stocks to me means you want to hit the home run, but are you ok with striking out?
by boogiehead
Mon Aug 19, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

I'm also highly skeptical, especially with the comparison to saying a fraud "bigger than Enron". If this ends up being just hyperbole, I really think people that engage in this should face real penalties. This report wiped out billions of dollars all to turn a profit. It sure looks like someone tra...
by boogiehead
Sat Aug 17, 2019 2:44 am
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11547

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

Fraud is certainly possible, as we saw with Enron, and it is possible to get massive fraud past the auditors. Arthur Anderson signed off on Enron's financial statements and now no longer exists as an auditing firm though the consulting arm of their business lives on. Hard to believe that under thre...
by boogiehead
Thu Aug 15, 2019 6:04 pm
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 884

Re: Taxable Investment Portfolio Construction Feedback

The "problem" with your plan, if there is one, is that it is a plan for just one account. It is better to piece your entire portfolio together - all the accounts together - than to just do it account by account. Thanks for the reminder I'm in the process of trying to sort out my Roth/IRA as well si...
by boogiehead
Thu Aug 15, 2019 5:57 pm
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 884

Re: Taxable Investment Portfolio Construction Feedback

You have a great plan. There are other plans that are great plans. But, what you have is also a great plan. Have you considered a percentage to REIT's as a diversifier as well? j I actually did.... in my first iteration I had VNQ instead of VB, but from what I've been gathering REIT's aren't tax ef...
by boogiehead
Thu Aug 15, 2019 5:48 pm
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 884

Re: Taxable Investment Portfolio Construction Feedback

One can mix DCA and LS. I often read on this forum to Lump Sum 50% and then DCA the remaining 50% in 5% increments over the follow 10 months. And if there is really bad day, then also put one of those 5% increments in. That way, one will be fully invested in 10 months or less. Studies show that LS ...
by boogiehead
Thu Aug 15, 2019 2:37 pm
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 884

Re: Taxable Investment Portfolio Construction Feedback

nix4me wrote:
Thu Aug 15, 2019 12:48 pm
Most of those don’t belong in a taxable account.
Recommendations for alternatives?
by boogiehead
Thu Aug 15, 2019 11:48 am
Forum: Personal Investments
Topic: Taxable Investment Portfolio Construction Feedback
Replies: 11
Views: 884

Taxable Investment Portfolio Construction Feedback

I sold my rental property earlier this year and received about 300K from the proceeds. I'm looking to construct a simple efficient taxable portfolio focused on "growth" with the proceeds since I'm about 20 years away from retirement and wanted to get some feedback on the portfolio breakdown below. I...