Search found 74 matches

by gougou
Wed Sep 19, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 43
Views: 1383

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Historical prices for Manhattan condos per square feet: $328/sqft in 1997, $1775/sqft in 2017. Compound return is about 8.8%/year. These condos can generate around 3% of net rental income per year in recent years. Total return is about 11.8%/year. S&P 500 in 1997: 766.22, in 2017: 2275.12. Compound ...
by gougou
Thu Sep 13, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: What do I do with my investments during a downturn/recession?
Replies: 24
Views: 2736

Re: What do I do with my investments during a downturn/recession?

During a downturn, you may find it difficult to keep buying. If you lose your job during the downturn, you may need to sell your investments to pay for mortgage, property tax and other expenses (and your 90/10 portfolio also suffered a huge loss but you may have to sell). Without more information ab...
by gougou
Mon Sep 10, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Depreciated Rental or use Charitable Remainder Trust
Replies: 2
Views: 244

Re: Sell Depreciated Rental or use Charitable Remainder Trust

1031 exchange into a building? Take out a mortgage against the rental house?
by gougou
Mon Sep 10, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 69
Views: 4518

Re: Discount broker stocks dive on news J.P. Morgan Chase to offer free trading

So I deposit $1 million, purchase VT and.... Nothing for 30 years. How do they make money out of me as a BH? They make money selling your order flows to market makers/hedge funds. So they won't make much money from you. But if buy/sell/rebalance every once awhile then they make a bit of money from ...
by gougou
Thu Sep 06, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4574

Re: To Be or Not to Be...Married

Well, he proposed, so you kind of have to get married now. What is he going to think if you don't want to get married?

And since you are hesitating, I feel that you are not ready. I don't think the marriage penalty is very significant especially when one person makes a lot more than the other.
by gougou
Tue Sep 04, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a house
Replies: 28
Views: 2401

Re: Talk me out of buying a house

A house with 5 acres of land may be too special to resell (hard to sell for a fair price). You may want to consider a house that's more standard and in a good location. And if for whatever reason you need to sell, it won't be too difficult to sell for a fair price, and worst case you can rent it out.
by gougou
Thu Aug 30, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21487

Re: Decent compensation to move to Bay Area CA?

I live in SV. I do not understand how folks are coming to the $450k-$500k equivalent salary. The biggest expense that changes with the move is housing. Let's say an equivalent house is $2m. The difference in mortgage payment between a $320k house and a $2m house is about $5600/month, which is about...
by gougou
Fri Aug 24, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Tesla Insurance Question and how to get out of the deposit
Replies: 25
Views: 3353

Re: Tesla Insurance Question and how to get out of the deposit

My Tesla Model S insurance is about $1800 per year with Farmers Insurance. You should shop around. My colleague was in a similar situation as you. He reserved Model 3 and he configured his Model 3 on impulse and later regretted it. But he was able to talk with someone from Tesla to cancel his order ...
by gougou
Fri Aug 24, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21487

Re: Decent compensation to move to Bay Area CA?

I want to share my experience in the Bay Area. I moved to San Francisco from Canada 3 years ago. My first job was at a startup which paid $120K + $30K RSU / year. My girlfriend (now wife) moved here 2 years ago and worked as a developer in a small brokerage company and makes about $120K/year. I swit...
by gougou
Thu Aug 23, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate in SF bay area
Replies: 26
Views: 2083

Re: Real estate in SF bay area

Warning!! Long winded post.... My wife’s grandmother owns a home in Westlake which is a subdivision in Daly City. Westlake is one of the nicer areas in the city as a whole. The conversation of what will happen to the home has started to come around as my wife’s grandma has turned 101 this year. The...
by gougou
Thu Aug 23, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 21487

Re: Decent compensation to move to Bay Area CA?

I have a family of 4 and we live in Charlotte area. I make ~ $140k annually (can sacrifice my work life balance and make ~160k) as an IT guy (I'm a kind of tech lead \ architect). We live in a $320k 2400 sq ft 4bd house and are able to save few buck into taxable account (401k maxing out as well). I...
by gougou
Wed Aug 15, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Re: Chinese ETF or Gold or something else?

I am confused, are you asking about investment options in the US or in China? If in the US, there are lots of conservative options available to you that can still grow the principal. Perhaps a 50/50 stock/bond split. If in China, look into some of the major established online lenders (e.g. Ant Fina...
by gougou
Wed Aug 15, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Re: Chinese ETF or Gold or something else?

The problem with Gold is there are a lot of investment experts that recommend a position and a lot that do not. Gold is essentially a rock that does not provide any earnings growth or dividends. I would avoid this asset class. Theoretically we could buy Gold ETF in China using Renminbi and short Go...
by gougou
Tue Aug 14, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Re: Chinese ETF or Gold or something else?

Thank you for your ideas. I'm fairly certain that the Gold ETF does what it says so it tracks the Gold prices accurately. There are ways to buy physical gold coins/bullion but obviously those have higher mark-up and are harder to liquidate or to take out of China. It is hard to avoid linking our inv...
by gougou
Mon Aug 13, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Re: Chinese ETF or Gold or something else?

I am confused, are you asking about investment options in the US or in China? If in the US, there are lots of conservative options available to you that can still grow the principal. Perhaps a 50/50 stock/bond split. If in China, look into some of the major established online lenders (e.g. Ant Fina...
by gougou
Mon Aug 13, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Re: Chinese ETF or Gold or something else?

We obviously don't want to own 100% in bond. Since the investing horizon is about 10 years we are thinking maybe 40% in bond/deposits and 60% in some other liquid assets with higher return (stocks or Gold).
by gougou
Mon Aug 13, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Chinese ETF or Gold or something else?
Replies: 17
Views: 1393

Chinese ETF or Gold or something else?

Hello fellow bogleheads, My parents are expecting to receive a large lump sum of money in China in the next few months. Our plan is to convert most of these money to USD and purchase stocks and rental properties in the United States in the future. Because of the annual limit on how much USD we can c...
by gougou
Fri Aug 10, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5795

Re: Should I accept a large cash gift from my mother?

I am assuming you are the only child here and her money will eventually be yours. If her income is low it makes sense for her to keep her money. You could manage her money if she is simply investing in some ETF. She will pay less income/dividend/capital gain taxes, and you'll get a step up basis on ...
by gougou
Wed Aug 01, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25059

Re: Invest in Tesla?

Tesla probably will deliver 60K model 3 in Q3 which is 40K more than Q2. Assuming ASP of $55K that is $2.2B more revenue than this quarter. So we are looking at $6.2B revenue per quarter and rapidly growing. Forward P/S is about 2. With China and Europe factories this company can grow really big in ...
by gougou
Fri Jul 27, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Condo purchase: some general and specific questions (ARM mortgage?)
Replies: 15
Views: 897

Re: Condo purchase: some general and specific questions (ARM mortgage?)

Hi all, I'm a late-20s human employed in the tech sector in a high-cost-of-living area. I'm in the early phases of considering buying a condo. Search parameter: $1 million purchase price, 2-3 bedroom, 1-2 bathroom. Current total reserves is $265k (excluding retirement funds). Otherwise debt free I ...
by gougou
Fri Jul 27, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4054

Re: Yet another "can I afford it"?

I'm reaching out to the internet masses to make me feel better about a potential purchase. While my wife feels this is somewhat silly, I really respect the boglehead community's opinion! The statistics: 1.5M allocated for retirement, divided between taxable and pre/post-tax accounts, invested 60/40...
by gougou
Tue Jun 19, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2778
Views: 556852

Re: What's Your Credit Card Rewards Strategy?

1. Alliant Visa Signature: 3% back on everything 2. Bank of America Premium Rewards: 3.5% on restaurants 3. Bank of America Cash Rewards: 5.25% on gas 4. Amex Blue Cash Preferred: 6% on groceries 5. Amex Business Gold Rewards: 3x points on shipping, telephone bills (worth 3.75% cash back) And btw I ...
by gougou
Tue Jun 19, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card interest for lawnmower
Replies: 15
Views: 897

Re: 0% credit card interest for lawnmower

cavalierhoos wrote:
Tue Jun 19, 2018 12:00 pm

How "official" a business do I need to have to apply for a business card like this? For example if I have an Etsy or an eBay store that I sell through, with that count?
You can just say you have a sole proprietorship and sign up using your SSN.
by gougou
Tue Jun 19, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card interest for lawnmower
Replies: 15
Views: 897

Re: 0% credit card interest for lawnmower

Chase Ink Business Unlimited - $500 signup bonus which you will earn after $3000 purchase and 0% APY for 12 months. $0 annual fee. Card earns 1.5% for all purchases. Chase Ink Business Cash - $500 signup bonus which you will earn after $3000 purchase and 0% APY for 12 months. $0 annual fee. Card ear...
by gougou
Mon Jun 18, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5591

Re: Bitcoin Price Manipulation

1) Some of the problems with Bitcoin were designed in and anticipated, not discovered. The big surprise is that the Bitcoin community elected not to solve them (e.g. by increasing the block size). Increasing block size is just not a long term solution. Bitcoin Cash is a hard-fork that increased blo...
by gougou
Wed Jan 24, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?
Replies: 7
Views: 866

Re: Rebalancing from 100% to 70/30: bite the bullet and pay LTCG taxes?

Can you short some ETF such as S&P500 ETF to reduce your effective equity exposure? For example, if you have $1M in diversified stocks you can short $300K stock ETF to have $700K effective stock exposure. This way you don't have to pay LTCG taxes. You can then buy $300K of bond ETF to have an effect...
by gougou
Tue Jan 23, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: What credit card should I get?
Replies: 12
Views: 1428

Re: What credit card should I get?

Bank of America's Cash Rewards credit card is pretty good for gas (3% cashback) and grocery store (2% cashback). It gets 1% on everything else. If you use Merrill Edge brokerage and have $100K+ in it you get 5.25% on gas and 3.5% on grocery. No annual fee. Amex Blue Cash Everyday gives 3% on grocery...
by gougou
Tue Jan 23, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 85
Views: 6860

Re: Cost of living comparison (HCOL vs LCOL)

You should just compare how much you can save up if you are renting. Rent is the expense that combines property taxes, maintenance, cost of capital etc. For example: HCOL $6000 net pay - $3000 rent - $1000 other cost = $2000 saved per month LCOL $4000 net pay - $1500 rent - $900 other cost = $1600 s...
by gougou
Mon Jan 22, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 1107

Re: Purchasing house we currently rent from in-laws

Buy the house (and take out a mortgage) at the appraised value because any other value can make tax matters more complex. Work out the gift money separately. In this scenario, would we take out a mortgage at say $250K, they get their check and then give us $60K, which we would use to pay down the m...
by gougou
Fri Jan 19, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing house we currently rent from in-laws
Replies: 10
Views: 1107

Re: Purchasing house we currently rent from in-laws

Buy the house (and take out a mortgage) at the appraised value because any other value can make tax matters more complex. Work out the gift money separately.
by gougou
Fri Dec 22, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: How I got to $1.5MM
Replies: 42
Views: 7954

Re: How I got to $1.5MM

Very inspiring story! I can feel the emotion and stress during the hard times. I'm too young and never struggled through a recession so this is a great lesson for me!
by gougou
Tue Dec 19, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant 3/2.5% card - any experience?
Replies: 44
Views: 6566

Re: Alliant 3/2.5% card - any experience?

I applied for the credit card without joining the CU. Application was denied a few hours later with no explanations given to me. Called and they couldn't give me a reason. Maybe I have applied to too many credit cards recently. Credit score around 750, income > $200K, 6 to 7 credit cards and 1 mortg...
by gougou
Tue Dec 19, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 12656

Re: How much did you contribute to your 401k in 2017?

me, 27: $18K + $9K employer match wife, 28: $0 because her employer has no 401k match Passing up on tax deferral because of no match is a mistake. The plan would need expense ratios exceeding 2% to make it not worthwhile to consider investing in it. What is your tax bracket? 33% Federal tax bracket...
by gougou
Tue Dec 19, 2017 3:24 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 13324

Re: Best 401k Employer Match Structure

My company LinkedIn (Microsoft) provides 50% match on 401K contributions up to $18000 of contribution in 2017. Vesting is immediate. It is forcing me to contribute all $18K to get the matching contribution. But I think it is a pretty competitive plan. As I mentioned above, Microsoft's plan also all...
by gougou
Tue Dec 19, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 12656

Re: How much did you contribute to your 401k in 2017?

me, 27: $18K + $9K employer match
wife, 28: $0 because her employer has no 401k match
by gougou
Mon Dec 18, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 44
Views: 5171

Re: Where do you read financial news?

Where do you guys read financial news everyday? Yikes! Reading the "financial news" every day would probably be really bad for your portfolio. Anything worth knowing or potentially acting on happens on the scale of months, not days. Skip the "daily" media and focus on monthly or perhaps weekly. I d...
by gougou
Mon Dec 18, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 13324

Re: Best 401k Employer Match Structure

My company LinkedIn (Microsoft) provides 50% match on 401K contributions up to $18000 of contribution in 2017. Vesting is immediate. It is forcing me to contribute all $18K to get the matching contribution. But I think it is a pretty competitive plan.
by gougou
Mon Dec 18, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: Where do you read financial news?
Replies: 44
Views: 5171

Where do you read financial news?

Where do you guys read financial news everyday? Any good sources you recommend?
by gougou
Fri Dec 01, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Considering Building Gaming PC - Good Builds/Price Points?
Replies: 34
Views: 3075

Re: Considering Building Gaming PC - Good Builds/Price Points?

$720 CyberPowerPC: $180 -- i5 7400 $240 -- RX 580 $80 -- B250 Motherboard with WiFi $90 -- 8G RAM $40 -- 1TB HD $40 -- PowerSupply $40 -- Case $30 -- Keyboard & Mouse ------------- $740 subtotal $90 -- Windows 10 ------------- $830 total $1599 CyberPowerPC: $415 -- i7 8700K $40 -- liquid cooler $545...
by gougou
Fri Dec 01, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Considering Building Gaming PC - Good Builds/Price Points?
Replies: 34
Views: 3075

Re: Considering Building Gaming PC - Good Builds/Price Points?

CyberPowerPC sells some pretty good PCs on Amazon.

$720 budget PC with spec:
i5 7400
AMD RX 580
8GB RAM
1TB HD
Wifi
Windows 10

$1599/$1799 Gaming PC with specs:
i7 8700K
GTX 1080 / GTX 1080Ti
16GB RAM
240GB SSD + 2TB HD
Wifi
Windows 10

I don't think you can build these PCs with these prices.
by gougou
Wed Nov 29, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18583

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Granted, he “saw the light” nearly 4 years ago, when BTC was $114. He bought $10K worth. I’m thinking it might be time to take some profits. He is a working stiff, but also a business man and a smart one at that. His opinion is that if if it goes to zero, $10K won’t break him, but if he sells, he m...
by gougou
Mon Nov 27, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unnveil

And GM is a company that has 15x that revenue ($166 Billion in 2016). Yet Telsa is already priced worth MORE than GM. So even if Telsa does triple their revenue in the next 2 years, they will still be nowhere near GM's revenue. Yet Telsa is priced more than GM TODAY. GM has $92B total debt while TS...
by gougou
Wed Nov 22, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 6469

Re: Advice to become wealthy

I bet people whose goal is to become wealthy are the least likely to achieve it. I bet that people who don't even think or try will never become wealthy. People who think about being wealthy and try to become wealthy at least have a chance. OP, I think the best way to become wealthy is to be able t...
by gougou
Wed Nov 22, 2017 4:34 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unveil

So where 100 miles in a model S according to Tesla is $4.01, in my area and electric rates, it's $6.35. It says I'll save $8.84 in gas. Funny, my calculations with my car, my gas cost, my 100 mile run costs $8.00. So yes, I save $1.65 for the 100 miles, but the car costs 4 times what a new replacem...
by gougou
Wed Nov 22, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unnveil

"Relatively" efficient is right, and a potential flaw in the idea. The market is not perfectly efficient, and you're not the only person who invested in Tesla based on personal sentiments, rather than an attempt at evaluating it. Pretty much everybody I know who has mentioned owning Tesla said the ...
by gougou
Tue Nov 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 31399

Re: Why not take Social Security at 62

Hi all, Although this decision is a ways off for me, I am doing a little math and research regarding when it's "best" to take Social Security. Most of what I find on the web says to wait at least until age 67 (my full benefit age). I am having a difficult time making the math justify most of what I...
by gougou
Tue Nov 21, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Holding CHF at Everbank?
Replies: 10
Views: 1325

Re: Anyone Holding CHF at Everbank?

I use Interactive Brokers and they can hold up to 100K CHF at 0% interest rate (over that amount is about -1%/year I think). You can also just convert CHF into USD in the brokerage account because the exchange rates are more favorable than banks. I use Interactive Brokers for all my currency convers...
by gougou
Tue Nov 21, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unnveil

I like Tesla's product and that's the main reason I am buying Tesla's stock. That is a TERRIBLE reason to have 10% of your money in a stock. But it has worked for me so far. Assuming the market is relatively efficient and has already priced most factors into the current stock price, then my persona...
by gougou
Mon Nov 20, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unnveil

So what do you guys think about Tesla stock? I have about 10% of my stock portfolio in TSLA. Have you been reading here long? Very few people here recommend big allocations to single stocks. But if you want my opinion (which is worthless, but you are the one asking strangers on the Internet), I thi...
by gougou
Fri Nov 17, 2017 4:47 pm
Forum: Personal Consumer Issues
Topic: Tesla truck unveil
Replies: 142
Views: 10713

Re: Tesla truck unnveil

So what do you guys think about Tesla stock? I have about 10% of my stock portfolio in TSLA.