Search found 1311 matches

by ohai
Mon Feb 10, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3590

Re: New Grad with fashion design degree looking for job in that field

So many classic boglehead replies here. Good grief people... Throw in the towel after 6 weeks? Go back to school for STEM or accounting?! OP, I wish the best of luck to your granddaughter, and hope she can make her mark in her chosen field. They are just being practical. What is the best actual sug...
by ohai
Mon Feb 10, 2020 12:10 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3590

Re: New Grad with fashion design degree looking for job in that field

So many classic boglehead replies here. Good grief people... Throw in the towel after 6 weeks? Go back to school for STEM or accounting?! OP, I wish the best of luck to your granddaughter, and hope she can make her mark in her chosen field. They are just being practical. What is the best actual sug...
by ohai
Fri Feb 07, 2020 2:31 pm
Forum: Personal Investments
Topic: My Highest ER Fund = Prime MM. WTH?
Replies: 39
Views: 2748

Re: My Highest ER Fund = Prime MM. WTH?

Stock funds are subsidized by securities lending. They use this revenue to reduce expense ratios, and can theory, even produce negative expense ratios if they wanted to. Stock expense ratio should be lower than money markets.
by ohai
Fri Feb 07, 2020 2:27 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3590

Re: New Grad with fashion design degree looking for job in that field

Wish I had a success story to counter all the negative ones, but I don't...well, I sort of do. I have a family member that wanted to do fashion design and her father (a retired engineer and the guy footing the bill) said that was fine with him as long as she selected another major from either the b...
by ohai
Fri Feb 07, 2020 11:46 am
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3590

Re: New Grad with fashion design degree looking for job in that field

So many classic boglehead replies here. Good grief people... Throw in the towel after 6 weeks? Go back to school for STEM or accounting?! OP, I wish the best of luck to your granddaughter, and hope she can make her mark in her chosen field. They are just being practical. What is the best actual sug...
by ohai
Fri Feb 07, 2020 11:42 am
Forum: Personal Consumer Issues
Topic: Cheap Black Only Printer
Replies: 26
Views: 1137

Re: Cheap Black Only Printer

Brother Printer is great. The only complaint I have is that their software is pretty bad and has a lot of wireless connection issues. You should download the Microsoft scanning program or another third party one, instead of using the clunky Brother program.
by ohai
Thu Feb 06, 2020 3:51 pm
Forum: Personal Consumer Issues
Topic: Is a *new* Drivers License required for USA citizens who have a Passport?
Replies: 45
Views: 4359

Re: Is a *new* Drivers License required for USA citizens who have a Passport?

"Unless I'm driving, why do I even need to be carrying a license, especially if I have a passport with me in case I need to ID myself?" Legally, probably passport works in almost all cases. In fact, in NY airport TSA, I sometimes see people showing the passport for domestic flights. Some NYC people ...
by ohai
Thu Feb 06, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Medical Devices or Data Science/Machine Learning
Replies: 30
Views: 1679

Re: Career Advice: Medical Devices or Data Science/Machine Learning

You know better, but it seems to me that every person at all level of education claims to be doing "data science" or is considering it (whatever that means). I can't help but get the impression that it is trendy and over saturated, and now I almost roll my eyes when some new person claims "serious i...
by ohai
Thu Feb 06, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: NYC w/ 10 month old and no stroller or car seat. Doable?
Replies: 39
Views: 2386

Re: NYC w/ 10 month old and no stroller or car seat. Doable?

Hi, OP. Yes, you can certainly go around NYC with just a baby carrier. However, your experience will likely be much better with an umbrella stroller. Imagine walking around a museum for 2-3 hours with your baby swinging everywhere, compared to just pushing him around easily. The inconvenience of hav...
by ohai
Wed Feb 05, 2020 11:00 pm
Forum: Personal Consumer Issues
Topic: New Grad with fashion design degree looking for job in that field
Replies: 99
Views: 3590

Re: New Grad with fashion design degree looking for job in that field

1) Talk to the school's career office. If they are running a Fashion Design program at Auburn, they should be maintaining some kind of recruiting relationships with employers.

2) Reach out to alumni of this program on LinkedIn and ask them for leads or information.
by ohai
Tue Feb 04, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build this house?
Replies: 38
Views: 4487

Re: Can we afford to build this house?

I'm going against the previous responses. This house is probably too expensive for you. Sure, you probably *could* buy it if you devoted your being to it, but at a huge cost of future financial safety and freedom. If you live in a $1 million house for the next 10 years instead, you'll be able to do ...
by ohai
Tue Feb 04, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: California East Bay, Place to live and commute to Oakland, CA
Replies: 74
Views: 4928

Re: California East Bay, Place to live and commute to Oakland, CA

Hmm. You have to be more specific than that. There are dozens of places you could choose. What are the sort of neighborhoods that you like, and where have you considered so far?
by ohai
Thu Jan 30, 2020 5:44 pm
Forum: Personal Consumer Issues
Topic: Electric Scooters
Replies: 25
Views: 1840

Re: Electric Scooters

1.5 miles is like a 30 minute walk though. I can understand how OP will want to shave off 10-20 minutes off of that, each way.

Other suggestion - have wife drive you there. It will take her like 5 minutes. Don't know if she is watching kids or something though.
by ohai
Thu Jan 30, 2020 2:26 pm
Forum: Personal Consumer Issues
Topic: Tesla Fire Safety
Replies: 26
Views: 1510

Re: Tesla Fire Safety

I wouldn't be that dismissive of OP's question, since some lithium ion battery devices have been prone to spontaneous combustion. These haven't been electric cars so far, but who is to say that some future battery powered vehicle might not have a similar issue one day? There's also the matter of tho...
by ohai
Thu Jan 30, 2020 2:14 pm
Forum: Personal Investments
Topic: Auto-invest mutual fund w/ fee or manual ETF?
Replies: 19
Views: 924

Re: Auto-invest mutual fund w/ fee or manual ETF?

Can you buy any ETFs, or just a handful that are approved by your plan?
by ohai
Thu Jan 30, 2020 2:10 am
Forum: Personal Investments
Topic: SEC Proposing to block leveraged ETF!
Replies: 57
Views: 5347

Re: SEC Proposing to block leveraged ETF!

I've just read part of the document so far. It seems that some of the risk management proposals are targeted at a specific kind of settlement risk that applies to some funds, but maybe not the SSO, UPRO sort of variety. SEC seems mostly concerned with repos, options, and other kinds of fixed maturit...
by ohai
Wed Jan 29, 2020 11:38 pm
Forum: Personal Consumer Issues
Topic: Nice/upscale pens and pencils
Replies: 79
Views: 5931

Re: Nice/upscale pens and pencils

I recently bought the Cross Classic Century 2 in black and gold, just for the novelty, as it is the pen that the President uses to sign bills into law. https://www.cross.com/cr_en_us/writing-instruments/by-collections/century-ii It's fine as a pen, and like other nice things, it is nice to have arou...
by ohai
Wed Jan 29, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: Capital One says up to 10 weeks to clear a Canadian check?
Replies: 12
Views: 1010

Re: Capital One says up to 10 weeks to clear a Canadian check?

What? Why post a check image at all? We believe you that the check exists.
by ohai
Wed Jan 29, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter's Boston Job Offer
Replies: 115
Views: 9613

Re: Daughter's Boston Job Offer

I don't know how to answer OP's question on whether the $68k offer is reasonable. All graduates have different schools, GPA, personality, and interview quality. Some are going to be offered 2x others to start. Graduates are not all comparable. If daughter has other offers for a higher salary, then $...
by ohai
Mon Jan 27, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can I spend on a car?
Replies: 59
Views: 5245

Re: How much money can I spend on a car?

So it's a Mercedes G-Wagen. Which was originally designed for off-road and military use, whose purpose now is to separate Hollywood celebrities and poseurs from their money. Have you ridden in one on roads? It's horrid. A Honda Civic is a much more comfortable car. For $156K it's probably the worst...
by ohai
Sun Jan 26, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bird Leaving The Nest
Replies: 35
Views: 4717

Re: Bird Leaving The Nest

Most of the banks are the same - just go with the one that is convenient in terms of ATMs or something. I wouldn't choose the place based on savings account rates; the dollar difference will be small, and you shouldn't be keeping most of your money in cash at this age. Yes, you should get a credit c...
by ohai
Fri Jan 24, 2020 9:57 am
Forum: Personal Finance (Not Investing)
Topic: What the [heck] happened to MINT?
Replies: 12
Views: 2964

Re: What the [heck] happened to MINT?

I stopped using Mint for Personal Capital as I find that the connections work a bit better there. It probably depends on what accounts you have. Just don't put in your phone number, so you won't get called by those FAs.
by ohai
Fri Jan 24, 2020 12:52 am
Forum: Personal Consumer Issues
Topic: Volvo XC90 T8 2016-18
Replies: 16
Views: 1633

Re: Volvo XC90 T8 2016-18

Volvo is a nice car, but don't convince yourself that any big luxury SUV is an environmentally conscious choice of vehicle; you'd get a Honda Fit or something instead. XC90 seems to have poor reliability ratings, but I don't know how much this affects real life experience (most cars are more reliabl...
by ohai
Thu Jan 23, 2020 8:51 am
Forum: Personal Consumer Issues
Topic: Subaru Outback engine stop/start
Replies: 94
Views: 5795

Re: Subaru Outback engine stop/start

Sounds like just bad design. BMW, Mercedes, and so on had non-defeatable engine stop/start before, but gave an option to turn it off in later models after customers complained.
by ohai
Sat Jan 18, 2020 1:34 am
Forum: Investing - Theory, News & General
Topic: What is considered a lot of money to have saved up?
Replies: 61
Views: 7522

Re: What is considered a lot of money to have saved up?

Since you asked what is "considered" to be rich, the best answer is what does a survey of people say. Fortunately, there are many such surveys. For instance, this survey provides the numbers below. https://www.cnbc.com/2019/07/18/how-much-money-you-need-to-be-rich.html Millennials: It takes $2.2 mil...
by ohai
Fri Jan 17, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14310

Re: Realized we made a major mistake and feeling really sick.

If I had bought UPRO instead of Vanguard 500 when I first started work, I'd be worth like $20 million. So live and learn I guess.
by ohai
Fri Jan 17, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 188
Views: 13894

Re: Some possible luxury SUV choices to buy: Opinions?

As a recent buyer of a 2016 Mazda CX-5, I'll agree with the above posters and recommend that you consider that. I'm really not sure how much more "luxurious" the luxury brands will be compared to a top trim CX-5, but maybe a little. I'd avoid the German makes due to concern for reliability. I'd inc...
by ohai
Fri Jan 17, 2020 11:55 am
Forum: Personal Investments
Topic: Privacy in brokerage account
Replies: 4
Views: 358

Re: Privacy in brokerage account

Although they have rules about information sharing, I'm sure there's some covered employee at those places who can see all your information if they wanted to.
by ohai
Fri Jan 17, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What is a reasonable estimate for annual expenses in early retirement in a HCOL area for one person?
Replies: 50
Views: 3519

Re: What is a reasonable estimate for annual expenses in early retirement in a HCOL area for one person?

"3. Is there anything else that should be factored in when considering early retirement?"

Yes. Working doesn't suck for most people. Most people would rather work a bit longer to pay for the ability to live on more than $40k a year, and also to mitigate risk of their money not being enough.
by ohai
Fri Jan 17, 2020 11:11 am
Forum: Investing - Theory, News & General
Topic: Markets closed, but prices change
Replies: 7
Views: 541

Re: Markets closed, but prices change

They don't trade 24 hours - the exchanges will close for after hours trading at some time like 8pm and open some time after that. Futures trade for more hours, with some weird small breaks that I don't understand (like 5pm to 6pm).
by ohai
Fri Jan 17, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: Some possible luxury SUV choices to buy: Opinions?
Replies: 188
Views: 13894

Re: Some possible luxury SUV choices to buy: Opinions?

Size is a major differentiating factor in those cars you mentioned. You should go sit in them and see which one fits your needs best.
by ohai
Fri Jan 17, 2020 1:57 am
Forum: Personal Consumer Issues
Topic: what to do with old engineering text books
Replies: 72
Views: 5538

Re: what to do with old engineering text books

I'd suggest tossing them out. My dad has engineering textbooks from like 1970 that have been sitting on the book case for 50 years. It would be nicer to have that space to put useful things.
by ohai
Thu Jan 16, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 550
Views: 144244

Re: Pull Up Bar/ Push Up Routine

Hello. I recommend to sign up for some road races, like 5k, 10k, 15k, etc. This puts you on a fixed schedule of running and you will feel like you have a reward in the end. Most people who do this, even half marathon, are not super athletic. You can do push ups and stuff on top of that.
by ohai
Wed Jan 15, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: should I be worried with having over 3M at one brokerage ?
Replies: 24
Views: 3672

Re: should I be worried with having over 3M at one brokerage ?

I guess there's some tiny risk of John Corzine/MF Global type scandal and your money going somewhere else, even if temporarily. If it makes you feel better, you can put some money somewhere else.

I have more than $3 million in some brokerage accounts and it doesn't bother me though.
by ohai
Wed Jan 15, 2020 3:09 pm
Forum: Personal Investments
Topic: Buy a house now or wait ?
Replies: 5
Views: 551

Re: Buy a house now or wait ?

Do a breakeven time analysis. Usually, buying makes sense if you stay in the house for X years, when the transaction costs and such have time to be averaged over some years. Let's say the breakeven in Bay Area is 10 years. Do you plane to stay there for 10 years? Ignore most other factors.
by ohai
Wed Jan 15, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 233
Views: 34881

Re: Rich people are hoarding cash

I will hoard cash when I become rich :sharebeer Since I am not rich yet, I cannot hoard cash :wink: This is pretty much how I see it. Cash is the ultimate luxury good - someday I hope to be rich enough to afford to having piles of cash that earn less than inflation. I'm not there yet, and may never...
by ohai
Wed Jan 15, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Holiday in Indonesia...not Bali?
Replies: 11
Views: 1068

Re: Holiday in Indonesia...not Bali?

If you are flying say, between Sumatra and Borneo and such, you can also go easily to other South East Asian countries - they might even be closer to where you are than other parts of Indonesia. Regional air travel is seamless and cheap (like $50 sometimes) - you just walk in relatively easily, not ...
by ohai
Tue Jan 14, 2020 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: 37, considering career pivot, need advice
Replies: 1
Views: 854

Re: 37, considering career pivot, need advice

It seems that your best/most likely scenario is to eventually find some other job that is related to your background, but with better stability and non toxic work environment. Most people just end up doing whatever career falls onto them. If you want to change to a different nature of job, such as s...
by ohai
Tue Jan 14, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Newly married! combining investing philosophies
Replies: 24
Views: 2599

Re: Newly married! combining investing philosophies

Does your wife actually care about how the money is managed, as long as it is handled responsibly? She might have just put it with an FA because she doesn't know or care about details of investing. In that case, you might just want to take over all the incoming savings and invest them in a low cost ...
by ohai
Tue Jan 14, 2020 4:18 pm
Forum: Personal Consumer Issues
Topic: strong role model books for 8 YO girl
Replies: 53
Views: 3419

Re: strong role model books for 8 YO girl

Art of the Deal.

Err. I remember as a kid relating to Rich Dad Poor Dad, as the Dad explanation is sort of put in a way that kids can understand.
by ohai
Mon Jan 13, 2020 11:38 pm
Forum: Investing - Theory, News & General
Topic: Fallacy of time diversification
Replies: 105
Views: 6854

Re: Fallacy of time diversification

Stocks are just as risky tomorrow whether you have owned them 1 year or 10 if measured by volatility. False, just a simple inspection of the data will contradict this. Cheers :greedy Stocks held over longer periods will certainly have a wider distribution of final price. However, I think what you a...
by ohai
Mon Jan 13, 2020 11:31 pm
Forum: Investing - Theory, News & General
Topic: Fallacy of time diversification
Replies: 105
Views: 6854

Re: Fallacy of time diversification

Ferdinand2014 wrote:
Mon Jan 13, 2020 11:23 pm
I consider risk running out of money when you need it.
Good way of putting it. The problem is, say you retire tomorrow. So you better have money tomorrow specifically. The risk is your spending timing, not just the stocks' volatility.
by ohai
Mon Jan 13, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Neighbor Harassment
Replies: 14
Views: 2402

Re: Neighbor Harassment

I wouldn't call this "harassment". Seems like the guy is just dirty and loud. He is not trying to target you. I know it's annoying, but unless he's breaking some law or regulation, it's within his rights to be annoying... Rich people buy big houses to put a buffer between themselves and others.
by ohai
Mon Jan 13, 2020 3:17 pm
Forum: Personal Investments
Topic: Job has turned insecure
Replies: 13
Views: 1852

Re: Job has turned insecure

What are your chances of getting another job quickly? Career risk should make you more risk averse, but to what degree?
by ohai
Mon Jan 13, 2020 3:16 pm
Forum: Personal Investments
Topic: Reinvest Apple dividends?
Replies: 4
Views: 309

Re: Reinvest Apple dividends?

You have more than 15% in AAPL if you own the broad market. 3%-5% of your index stocks could be AAPL.
by ohai
Mon Jan 13, 2020 3:00 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10226

Re: 25x-50x living expenses?

30x expenses for early retirement does not sound unreasonably conservative at all. 25x expenses (4% withdrawal rate) is based on a study of 30y retirement. This is the level where no 30y retirement portfolios have failed in some 100 year history of US assets. Now consider this chain of thought: Sin...
by ohai
Mon Jan 13, 2020 12:03 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10226

Re: 25x-50x living expenses?

30x expenses for early retirement does not sound unreasonably conservative at all. 25x expenses (4% withdrawal rate) is based on a study of 30y retirement. This is the level where no 30y retirement portfolios have failed in some 100 year history of US assets. Now consider this chain of thought: Sinc...
by ohai
Mon Jan 13, 2020 9:05 am
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4131

Re: Directionless drift

I think your declined happiness is a function of age, rather than net worth. You'd probably be even more unhappy if you were poor. Incidentally, this article came out today: https://www.bloomberg.com/news/articles/2020-01-13/middle-age-misery-peaks-at-age-of-47-2-economist-says Anyway, yeah, get som...
by ohai
Mon Jan 13, 2020 1:30 am
Forum: Personal Consumer Issues
Topic: Trip to NYC/Broadway
Replies: 55
Views: 2982

Re: Trip to NYC/Broadway

Congratulations on your upcoming trip. I usually suggest that people have at least one dinner at a nice restaurant while in NY City. Consider the $50 pre-theater pre fixe at Estiatorio Milos if it fits into your plans. Also, prepare for the worst airport experience you will have in your life. I didn...
by ohai
Sun Jan 12, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying in Manhattan
Replies: 21
Views: 1854

Re: Renting vs. Buying in Manhattan

Hello, OP. As a NYC resident, I would strongly advise against buying in Manhattan at the moment. NYC is/was a wealth storage locker for global investors. A lot of people just bought apartments here and drove up prices without considering economics vs. renting. Cap rates for residential real estate a...