Search found 691 matches

by golfCaddy
Wed Sep 19, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

The answer is very industry-specific, but I have seen a lot of colleagues wear nice leather sneakers (eccos) or dark-colored Allbirds (ubiquitous in Silicon Valley) on business casual days. Not anymore. https://www.vox.com/the-goods/2018/9/14/17792298/silicon-valley-stylist-fashion-tech Because one...
by golfCaddy
Tue Sep 18, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6608

Re: Is there such thing as saving TOO much?

In most cases, there is no such thing as saving too much, but there are a few exceptions. There's some people who get their self-worth from the number of zeros in their bank account, instead of viewing money as a means to an end. Then, there are the financial version of Doomsday Preppers, worrying a...
by golfCaddy
Tue Sep 18, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6936

Re: How real is cyber risk?

Cyber risk is real: https://www.nytimes.com/interactive/2018/05/03/magazine/money-issue-bangladesh-billion-dollar-bank-heist.html, but it's nothing something I worry about much. If Vanguard or your bank account was hacked, I would expect you to eventually be made whole by the financial institutions...
by golfCaddy
Tue Sep 18, 2018 12:04 am
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5021

Re: 38% pay cut for dream job?

It sounds like you have your mind made up, but think hard about what you're choosing for your kids. Air pollution is a terrible problem in China and India. Do you want your kids to develop asthma? Antibiotic-resistant bacteria is a global problem, but it's far worse in India. https://www.nytimes.com...
by golfCaddy
Sat Sep 15, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3841

Re: The Boglehead is anti-entrepreneur?

I agree with him to some extent that BHs don’t like the entrepreneurial way of life, or maybe just ignore it as someone else’s cross to bear. BHs play Steady Eddie to the entrepreneur’s Fool? Would you advise a young person in their 20s or 30s, inclined to the entrepreneurial life, to go for it or ...
by golfCaddy
Sat Sep 15, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5021

Re: 38% pay cut for dream job?

You are crazy to take a 38% pay cut, more so with kids on the way. You might think you'll get sent to Paris or some cushy assignment. It's more likely you get sent to some **** country, with bad air quality, poor sanitation, unsafe water, and kidnapping and terrorism risks. If you get sent to a coun...
by golfCaddy
Sat Sep 15, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3841

Re: The Boglehead is anti-entrepreneur?

There's no reason why an entrepreneur can't diversify - if you have an attractive business you will be able to raise money from investors rather than concentrating all of your assets in one venture. Facebook raised plenty of money and I've heard Zuck took enough cards off the table in the first few...
by golfCaddy
Sat Sep 15, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3841

Re: The Boglehead is anti-entrepreneur?

For extreme examples about guys like Zuckerberg or Bezos. Would you say they aren't entrepreneurs because they didn't plough all their money into their company but instead diversified along the way (i.e. all those private placements where he sold stock). Zuckerberg isn't remotely diversified. Even ...
by golfCaddy
Sat Sep 15, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3841

Re: The Boglehead is anti-entrepreneur?

Bogleheads believe at their core in diversification, which is at odds with a certain type of entrepreneurship. One can imagine if a younger Zuckerberg posted on bogleheads, his VCs offered to buy out his 50% stake in a then $100M company and 100% of his assets were in the startup, bogleheads would b...
by golfCaddy
Fri Sep 14, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6936

Re: How real is cyber risk?

I think Vanguard would be responsible for that. I said "if you are hacked" and I meant you not Vanguard. I don't think that is the most likely scenario. All the cases I know of involved hacks of individual investors or seemed to involve hacks of individual investors. Never heard of a hack of a brok...
by golfCaddy
Fri Sep 14, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6936

Re: How real is cyber risk?

Cyber risk is real: https://www.nytimes.com/interactive/2018/05/03/magazine/money-issue-bangladesh-billion-dollar-bank-heist.html, but it's nothing something I worry about much. If Vanguard or your bank account was hacked, I would expect you to eventually be made whole by the financial institutions...
by golfCaddy
Fri Sep 14, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 140
Views: 6936

Re: How real is cyber risk?

Cyber risk is real: https://www.nytimes.com/interactive/201 ... heist.html, but it's nothing something I worry about much. If Vanguard or your bank account was hacked, I would expect you to eventually be made whole by the financial institutions.
by golfCaddy
Thu Sep 13, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 73
Views: 7953

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one ...
by golfCaddy
Thu Sep 13, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 73
Views: 7953

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one ...
by golfCaddy
Thu Sep 13, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2646

Re: Picking a Charity

I like to give to medical research. It can be difficult to assess the impact of such charities.
by golfCaddy
Thu Sep 13, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 73
Views: 7953

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

Allen Edmonds are good quality, but the they have the typical clunky american design. You've got to go British when buying dress shoes... Church Loakes Grenson Cheaney Barker And yes, in general, you get what you pay for. Obviously on a site like this you'll find people trying to convince you that ...
by golfCaddy
Mon Sep 10, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

I'm just wondering something out of curiosity. I don't have a claim on this one way or another because I don't know, I just know that sneakers are informal, whereas cap-toe oxfords are formal. I have no clue whether chucks or vans are on same level as running shoes, but I do see people wear them at...
by golfCaddy
Sun Sep 09, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

get_g0ing wrote:
Sun Sep 09, 2018 9:44 pm
So I'm wondering this: why would chuk/van be considered more formal than sneakers (or not)?
Chucks are sneakers. https://en.wikipedia.org/wiki/Sneakers# ... eakers.JPG
by golfCaddy
Sun Sep 09, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

You stated that Vans or Chucks or like footwear are on the same level as literal running shoes in workplace formality. In the majority of situations/environments in contemporary culture, that simply isn't true. I'm not sure how not being able to wear "casual" footwear in your workplace in any way c...
by golfCaddy
Sun Sep 09, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

I feel extremely confident in saying you are in outlier in thinking this. Yes, there are workplace environments where I would never wear a pair of Chucks or Vans or retro NBs, but there are zero non-manual labor workplaces where I'd show up in literal running shoes. I'd conservatively estimate that...
by golfCaddy
Sun Sep 09, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

That's the reason I made the post in the first place. The intent behind was that if otherwise you do a good job, are cleanly dressed and professional, would your shoes be cared about? Why would your shoes be cared about, isn't the right question to ask. You either accept the way it is or go work so...
by golfCaddy
Sun Sep 09, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

This. I guess it depends on what is the definition of "business casual" in your specific environment, but legitimate running shoes are a no-go in pretty much any environment. Although I'm a director-level employee I wear "sneakers" (vans, reefs, casual new balance) to work 90% of the time; basicall...
by golfCaddy
Sun Sep 09, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

Some visual ideas for the OP. I think the key if you want to go this route is to go low profile on the shape and veer towards monochromatic color schemes and keeping things to a single texture and simple shapes. If your idea is to simply have your gym shoes or running shoes serve double duty. That ...
by golfCaddy
Sun Sep 09, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 10844

Re: Umbrella Policy: Right amount for $7 mil net worth?

I see, thank you. It baffles me that the owner of a house or that a condo association would be found at fault (or whatever the legal term is) when someone drowns in their pool or slips when when on the premises, if the accident happens with no (direct?) fault of the owner's or the association's. Ho...
by golfCaddy
Sun Sep 09, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 10844

Re: Umbrella Policy: Right amount for $7 mil net worth?

80-90% of personal umbrella claims are for auto accidents. If you almost never drive, don't own any dangerous pets, don't have any high risk hobbies, like boating or flying a private plane, and rent an apartment or condo , I question whether you need an umbrella policy at all. if one rents an apart...
by golfCaddy
Sat Sep 08, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 171
Views: 7747

Re: Can Sneakers go with Business Casual?

If your business casual situation includes Levis/denim (non-designer) jeans then sneakers would go with those in my opinion. If you can also wear a non-designer t-shirt (which could include the company's logo) with the jeans than you'd be pretty safe/consistent. From my experience there's a pretty ...
by golfCaddy
Sat Sep 08, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39903

Re: Lucrative careers?

considering the portions deliberately left out accounts for the majority of most software engineers' compensation. As an extreme example, Jeff bezos has a salary of $80k and Larry page a salary of $1 and would register as such in this survey. Wrong, stock options and RSUs do not account for the maj...
by golfCaddy
Fri Sep 07, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the financial crisis (Pisani, CNBC)
Replies: 52
Views: 4951

Re: Lessons from the financial crisis (Pisani, CNBC)

What's fascinating to me is there's still no consensus on why Bear Stearns failed. There seem to be three theories: 1) In the FCIC hearings, the principals claimed they were the victim of an old fashioned bank run. Someone started rumors and eventually the rumors became a self-fulfilling prophecy. 2...
by golfCaddy
Fri Sep 07, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39903

Re: Lucrative careers?

I am a long time lurker but made an account just for this: For the love of God do not go to medical school for the money . You will spend a minimum of 7 years, once (and if) you get in, working hard and paying roughly $300k to do so. If you want to make more than $200s you can make that 10 years to...
by golfCaddy
Thu Sep 06, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 65
Views: 12005

Re: How much Umbrella Insurance coverage needed?

Google for: "Targeting the rich" + insurance to read the ACE report - informative EDIT: Finally found some real data to look at instead of all the scary stuff in the ACE report :D . Tort Judgement Data Based on this: See Table 6 (given that I don't own a dog and am not a doctor): the probability of...
by golfCaddy
Sun Sep 02, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39903

Re: Lucrative careers?

True, but there are a lot of companies outside of FAANG+MSFT that DO pay around that much, and not just in SV/Seattle/Boston. Nobody argued that ALL software engineers earned that much, just that most competent software engineers could if they choose to live in a tech hub and pursue it. Of course, ...
by golfCaddy
Sun Sep 02, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39903

Re: Lucrative careers?

Does this thread have a point anymore? The OP hasn't been here in 3 months.
by golfCaddy
Sun Sep 02, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29151

Re: Umbrella insurance..who has it? Is it recommended?

A co-worker was found liable in a swimming pool accident at her apartment involving a child (not hers) and had nothing like a umbrella policy. She had low max coverage auto and no renters insurance. Lost the civil suit so owes something like $1.3M. Her garnishments don't even cover the interest so ...
by golfCaddy
Sun Sep 02, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5693

Re: Don't Look and Have A Doctor Waiting When You DO

A really bad idea. I think it is half serious. The serious part is people often select a good plan and then let the market/media hype etc. get them to tinker with it or try market timing etc. So, if they would just get on with their life and not fuss over their investments they would probably be pl...
by golfCaddy
Sun Sep 02, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29151

Re: Umbrella insurance..who has it? Is it recommended?

If you are uhnw, its more difficult. If you have multiple homes, 10 cars, boats, jet skis and 3+ teenage drivers it becomes a big project to get a 10mm umbrella policy and its expensive I cant get coverage anywhere near my nw. Have you checked with high end carriers? AIG advertises they go up to $1...
by golfCaddy
Sun Sep 02, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29151

Re: Umbrella insurance..who has it? Is it recommended?

Don't you have to be bankrupt to file for bankruptcy? Having a judgment for more than your policy limits does not equal bankruptcy. What if you had the resources to pay the excess and remain solvent? If you have the non-exempt assets to pay the judgment, then why are your wages getting garnished? W...
by golfCaddy
Sun Sep 02, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29151

Re: Umbrella insurance..who has it? Is it recommended?

For young people it is probably reasonable to assume that no plaintiff will wait decades to get paid. But even for young people, the plaintiff may happily take wage garnishment now and a steady stream of income from your retirement plan later. No rational person gets their wages garnished for decad...
by golfCaddy
Sat Sep 01, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3029

Re: Thoughts on investing in Uranium???

Partly, this depends on how serious you think the world is about climate change. If the world is to abandon fossil fuels, nuclear power is going to be part of the mix. Hydroelectric has its own set of environmental challenges.
by golfCaddy
Sat Sep 01, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 29151

Re: Umbrella insurance..who has it? Is it recommended?

Search and you will find many, many threads on this topic.
by golfCaddy
Fri Aug 31, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39903

Re: Lucrative careers?

I had equity at two of the companies I worked for, back when I did software development. At one of the companies, it turned out to be worth zero, as the company went bankrupt. Actually, it turned out to be a liability worth less than zero. Since it was actual units and not options, and the company ...
by golfCaddy
Wed Aug 29, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right path
Replies: 28
Views: 1495

Re: Am I on the right path

Grt2bOutdoors wrote:
Wed Aug 29, 2018 4:48 pm
This forum focuses on everything just not to the extreme of MMM.
Bogleheads, as a group, definitely skews wealthy and that biases the site. Asking families earning $200k+/year how to budget on $65k/year may not yield the best advice.
by golfCaddy
Tue Aug 28, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right path
Replies: 28
Views: 1495

Re: Am I on the right path

Thanks for your advice. I'm glad I found Bogleheads at 40, just wish I would have found it at 20. That's the process I'm in: finding better ways to save. Always listened to my dad's advice which has helped, I know I'm better off than some my age, but with room to improve. Honestly, another forum mi...
by golfCaddy
Sun Aug 26, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1579

Re: Is forming a LLC necessary for an independent contractor

staythecourse wrote:
Sun Aug 26, 2018 10:36 am
I don't think there is a corporate veil as a sole prop thus the advantage of incorporating.

Good luck.
I'll rephrase: single member LLCs with no employees and little to no assets may be at a high risk of having the veil pierced in liability cases.
by golfCaddy
Sat Aug 25, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1579

Re: Is forming a LLC necessary for an independent contractor

Above is correct for tax purposes a single member LLC is the same as being a sole prop. as it is a disregarded entity. The reason to form an LLC is for a corporate "veil of protection". So the question is do you need one? Does she own property where a client may fall and get hurt and sue? Does she ...
by golfCaddy
Sat Aug 25, 2018 10:38 pm
Forum: Personal Consumer Issues
Topic: Considering iPad to replace failing Nexus tablet
Replies: 60
Views: 4638

Re: Considering iPad to replace failing Nexus tablet

I have an iPad and have been disappointed. It drops wifi randomly. This seems to be a common problem on iOS devices. Not sure how this is a common problem. I've had many iOS devices and never had an issue. At work we have thousands of iOS devices and this isn't a problem. Searching the apple suppor...
by golfCaddy
Wed Aug 22, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"
Replies: 31
Views: 2491

Re: "By not having a will, Aretha Franklin likely left her heirs with lots of headaches"

Was it laziness? She just didn't care? Every adult should have a will. I see no upside to avoiding it. Everyone doesn't need a will anymore than everyone getting married needs a prenup. The law has default rules about how assets are to be distributed. Unlike Aretha Franklin, 99.8% of estates are we...
by golfCaddy
Mon Aug 20, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13651

Re: Remind me (again) how real estate isn't a GREAT investment?

No. If I tried utilizing my TSP balance today I would pay a 10 or 20% withdrawal penalty (I'm not over 65) and a 25% tax on traditional assets. Truly a (quality of) life-deferral plan. In a taxable account you have to pay 15-38% taxes. It's a mediocre investment for tax consideration purposes. The ...
by golfCaddy
Sat Aug 18, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: A 5 Factor Evaluation
Replies: 21
Views: 3876

Re: Larry Swedroe: A 5 Factor Evaluation

I agree, but I still don't think that past cash-flows & earnings can give anyone certainty of predicting long-term future cash-flows & earnings. To me, it's still a bet on probabilities of the past looking somewhat similar to the future...Just like factor returns. This is an opinion of course and l...
by golfCaddy
Sat Aug 18, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13651

Re: Remind me (again) how real estate isn't a GREAT investment?

In the last crash, housing declined 35% in major metropolitan areas. If you had a LTV of 65% or more, you would have lost all your equity in the property. If it was non-recourse, you could walk away. If you were highly leveraged in RE and had recourse loans, your net worth went into negative territo...
by golfCaddy
Sat Aug 18, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13651

Re: Remind me (again) how real estate isn't a GREAT investment?

If you buy on 0% down, you have infinite leverage, although the math nerds will argue it's technically undefined. The high leverage is what generates the excess returns, instead of anything special about real estate. REITs, which average about 50% leverage, under-performed the S&P500 over the past 1...