Search found 78 matches

by DavidW
Sun Sep 30, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Data Visualization—skill or career?
Replies: 9
Views: 980

Re: Data Visualization—skill or career?

+1 with yohac We are also a Tableau shop and I definitely see DV as more of a skill and not as a career. It is more rewarding and valuable to your org if you are well rounded in both knowing how to present/understand the data as well as understanding the lifecycle of data. There are people that love...
by DavidW
Mon Sep 10, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8931

Re: My daughter's inheritance.

run away from those advisors, and seek help with vanguard or fidelity. Only. +1. Sharks are in the water.... Invest the time and learn how to manage this money not only for near term items (home/car) but future retirement. Pls don't this the wrong way but I wonder if the $ would be a distraction fo...
by DavidW
Mon Sep 03, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a municipality
Replies: 26
Views: 2479

Re: Working for a municipality

1. Blend 2. Get along 3. Humility, learn 4. Respect those with seniority, and everyone else 5. Don't be a "Big Shot" 6. Patience . . play for the long long game . . . the big picture 7. Balance professional and personable 8. Honor the way "things are done" and continue them. Changes effect everyone...
by DavidW
Fri Aug 03, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Should I roast my own coffee?
Replies: 43
Views: 2839

Re: Should I roast my own coffee?

I have dabbled in the area of roasting at home as well (2-3 months). Cost is little as you can buy an old popcorn popper at the thrift store (only certain models seem to work). The green beans are relatively inexpensive and have a long shelf life If you enjoy cooking/baking, you will have fun roasti...
by DavidW
Wed Aug 01, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Durable Dress Shoes for Commute
Replies: 36
Views: 2382

Re: Durable Dress Shoes for Commute

shoebank.com has been a life saver for me. High quality Allen Edmonds Factory seconds (I have 4-5 pairs and have not once been able to see or notice any type of blemish). Outstanding value. A few pairs I've had for 7-8 years. +1 I have my AEs for over 22 years and have it resole at local shops.... ...
by DavidW
Wed Jul 25, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Where can I rent a Volvo?
Replies: 21
Views: 1730

Re: Where can I rent a Volvo?

Not sure where you are located but Enterprise has an exotic car segment that rents out higher end cars.

https://www.enterprise.com/en/exotics.h ... -ENUS.NULL

it is location based so it depends where you live.
by DavidW
Fri Jul 13, 2018 10:08 am
Forum: Personal Consumer Issues
Topic: Buying Used Honda/Toyota -- How old is too old?
Replies: 16
Views: 1307

Re: Buying Used Honda/Toyota -- How old is too old?

For my teen driver, I gave him my 05 Camry with 150K miles. I told him if he takes care of it, it will last easy 7 years. I did add a camera in the event of a car accident.... You may want to check on the condition of the tires and replace as necessary.... I just bought an 05 Lexus RX330 for $8K wit...
by DavidW
Thu Jul 12, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Advice on IT Certification program
Replies: 93
Views: 4441

Re: Advice on IT Certification program

I run a large engineering team. Frankly, I don't actually think these certificates are worth very much in and of themselves. Much of IT/Computer Technology is driven from the ground up. Before you spend a lot of time on coursework have your child build a network. If they can do that I guarantee tha...
by DavidW
Mon Jul 09, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy house in Bay Area?
Replies: 19
Views: 2919

Re: Can we afford to buy house in Bay Area?

Facing a difficult financial decision. We live in Bay Area and want to buy a house. Current situation: - Salary + Bonus: 210K - RSU: 300K a year - 401k: ~100K total, maxing out every year - Current house equity: ~400K (assuming I sell it today and exclude all closing costs) - Cash: 250K in money ma...
by DavidW
Mon Jun 18, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 112920

Re: Anyone regret paying off mortgage early?

There is always a better way to get a better return but if we can invest and get a greater return, we would never have bought a home and invested everything.... ??? I don't understand this sentence. If you could have invested and got a greater return than your mortgage rate, you wouldn't have purch...
by DavidW
Sun Jun 17, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 112920

Re: Anyone regret paying off mortgage early?

Being debt free is the best feeling ever! LynnC I paid off my mortgage at 34. I haven't carried debt since. And I disagree that being debt free is the best feeling ever. In fact, to me, it has been surprisingly anticlimactic. Do I regret it? No. But that's because dwelling on the past is useless. W...
by DavidW
Sun Jun 17, 2018 1:58 pm
Forum: Personal Consumer Issues
Topic: convert 4 wire to a 3 wire switch
Replies: 15
Views: 1685

Re: convert 4 wire to a 3 wire switch

OP here Sorry for the late reply. Got tied up with on other things. I read your replies and got a bit overwhelmed.... I am not good at electrical and has hacked my way through over the years on minor projects. It is amazing that my house hasn't burned down yet :) I think I will leave this one alone ...
by DavidW
Thu Jun 14, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: convert 4 wire to a 3 wire switch
Replies: 15
Views: 1685

convert 4 wire to a 3 wire switch

I bought a digital timer switch for my front door light but it comes with 3 wires whereas my wall wiring has 4 wires. Can I cap the one that is not used or do I need to get one with 4 wires?

There is no 2nd switch and it is just on/off for the porch light....

thanks...
by DavidW
Tue Jun 12, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting Social Security analysis
Replies: 16
Views: 2488

Re: Interesting Social Security analysis

corn - When I used FIREcalc last week and change only the age/date of taking SS and the corresponding amount- and left everything else the same. My plan success increased by 10 basis points when I took SS at 62 instead of taking it at 70. I am assuming because I was withdrawing less from my portfol...
by DavidW
Tue Jun 12, 2018 11:46 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 2062

Re: Buying CPO Lexus - any advice appreciated

I bought a used 2014 Avalon (similar to ES350) last year with 27,000 miles for $25K after tax/registration.... I drove a camry for years and thought it was a good car until I drove the Avalon. It is another level in terms of smoothness and refinement. The one thing I didn't care for is the stiffness...
by DavidW
Mon Jun 11, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: 2018 RAV 4 or Camry
Replies: 28
Views: 2280

Re: 2018 RAV 4 or Camry

I recently bought a used car (SUV) and the guy who sold it to me told me that he had to sell below bluebook when he sold an older Camry. SUV is not only a trend but is driving away demand from regular sedans. If do you end up getting a Camry, have them take the loss so that you don't take a bath whe...
by DavidW
Fri Jun 08, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Tipping HVAC installers?
Replies: 22
Views: 2327

Re: Tipping HVAC installers?

I was a mover for a summer while I was in college and I appreciated families that fed us.... I still remembered to this and that was 40 years ago. Of course, I don't remember much from school.......
by DavidW
Sat Jun 02, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 8793

Re: Career Move: Please convince me why I should not work in tech

I'm going to give you the cynical view. Tech is good if you're disciplined. Tech is good if you can negotiate a solid package (senior-ish data science / ML type at a large tech company in a HCOL area should manage at least 300k-400k comp including base, bonus, RSUs, etc), and then save a decent chu...
by DavidW
Sat Jun 02, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5734

Re: Have $2.5M at 30, career advice needed

Umm... I don't understand the question. Please stay where you are. $550k gross, after tax is 330k -40k tuition -30k property tax $270k left. Max out retirement savings -60k (401k, HSA, ROTH) Leaving you with $210k remaining with little mortgage (400k left). Let's say you use 60k for living expenses...
by DavidW
Fri Jun 01, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2212

Re: If I began investing at 22 by maxing my 401K, how much would I have today?

If you are well versed with spreadsheet, you can download the performance and come up with the number. It will be more flexible (adjust for income, contribution, life events...)

But, you may not be able to sleep well if you know how much you could have :oops:
by DavidW
Fri Jun 01, 2018 7:31 pm
Forum: Personal Consumer Issues
Topic: Driving UHaul
Replies: 20
Views: 2278

Re: Driving UHaul

Yes. Buy the insurance I drove them as a college student when I moved from apartment to apartment. Couple of tips >> your items will shift as you move. So, wrap your fragile items. You might even want to get straps (tie downs) to limit movement. >> your stopping distance will be long. So, give yours...
by DavidW
Fri Jun 01, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 14715

Re: Have $3m at 33, "approach to career" advice needed

You are in a very unique but not as unique as you think... Many professional athletes retire about age 33 and have to start a 2nd career. A lot of them end up doing what others on the board suggested, which is work in a field they are passionate about. Maybe research how they have gone onto a 2nd ca...
by DavidW
Tue May 29, 2018 12:46 am
Forum: Personal Consumer Issues
Topic: GFCI trips when toaster oven turned on
Replies: 33
Views: 2186

Re: GFCI trips when toaster oven turned on

I am very leary of countertop appliances. I have read that some home have been burned down because those appliance shorted and caused a fire. For that reason, I use a wall timer (https://www.amazon.com/BELKIN-F7C009q-Conserve-Accessories-Electronics/dp/B014LVTZEK/ref=sr_1_3?ie=UTF8&qid=1527572261&sr...
by DavidW
Sat May 26, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9300

Re: Help Buying Mens Shoes for Work and Dating

+1 for AE shoes. I had them since out of college (25+yrs ) and I just resole them after several years. Park Ave is more of a classic look and will meet the test of time. AE also has a factory outlet store that can ship shoes to you. However, you want to make sure you get fitted for the first one and...
by DavidW
Thu May 24, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: auto insurance quotes
Replies: 7
Views: 846

Re: auto insurance quotes

OK. I tried Progressive but they won't give me a quote unless I unfreeze my credit report for all 3 agencies (my wife and I). Being a BH, I don't want to spend the $60 to unfreeze all 3 for my wife and I unless it is worth it. Is Progressive that much cheaper? I have been with Geico for 16 years but...
by DavidW
Thu May 24, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Saving and storing old statements
Replies: 9
Views: 1035

Re: Saving and storing old statements

I also only keep the year end statement and toss the rest. I have one folder that combines all financial related statements for each year.

If you scan the documents, you might want to find a cloud storage solution so that it is not dependent on your hard drive and backup drives...
by DavidW
Tue May 22, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 15006

Re: The Millionaire Next Door and civil servants

IIRC one of the problems MND notes for small business owners is extracting themselves from the business. It is so hard for them that they retire later or not at all. That extra work life no doubt gives them higher net worth. I had my own tree removal company, technically a sole proprietorship, for ...
by DavidW
Mon May 21, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: BH newbie from Hong Kong
Replies: 4
Views: 410

Re: BH newbie from Hong Kong

Hello fellow HKer based on what you had mentioned, it sounds like your monthly cash flow and spending need help. Dave Ramsey's system (some love him and others not so much) is good with managing monthly cash. His investment approach are debatable. https://www.daveramsey.com/baby-steps Even for HK, s...
by DavidW
Sun May 13, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: 4 cars for 3 drivers?
Replies: 15
Views: 1228

Re: 4 cars for 3 drivers?

Hi, OP here. Thanks for all your advise. My 2 boys are tall so getting a minivan won't work. We had a minivan before and we had to get a bigger one just to get around with all the stuff we carry... I will have a new driver in a couple of years.... The least expensive option is probably getting the r...
by DavidW
Sun May 13, 2018 1:32 am
Forum: Personal Consumer Issues
Topic: 4 cars for 3 drivers?
Replies: 15
Views: 1228

4 cars for 3 drivers?

Wanted to get input on this. We have 3 drivers in my household (DW, son 18 yo, me). DW has her own car and my son and rotate between the Camry and Sprinter van (Fedex delivery van but with 12 seats). I bought the van for family outings (the 5 of us can barely fit in the Camry or wife's Avalon) long ...
by DavidW
Sat May 05, 2018 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Sell vs. Hold Decision on Highly Appreciated House in Tech Zone
Replies: 8
Views: 1448

Re: Sell vs. Hold Decision on Highly Appreciated House in Tech Zone

You probably know this already but if the child or grandchild inherit the home, the original tax basis carries over. So, property tax carries over at the current level. However, that only applies to the first home. http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm I was going to say that the B...
by DavidW
Fri May 04, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5553

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

Also, I forgot to mention that you don't have to make a move until you ready. There isn't a time requirement but as long as you are looking up the reference material many posters have suggested, you should be fine. Don't let someone pressure in buying an investment or doing what they are doing. It i...
by DavidW
Fri May 04, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5553

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

Yes- we can only put $5,500 each in our new Roth IRAs-but it is better than nothing. I did not realize Berkshire Hathaway stock was available for purchase by the public - I’m going to look into that. Thank you too for the suggestion that I not give myself an ulcer thinking about timing - there is a...
by DavidW
Thu May 03, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car (need to find a Boglehead way)
Replies: 34
Views: 3154

Re: When to buy a new car (need to find a Boglehead way)

I have a 13 year old car with 150k that I drive on a regular basis. It is inexpensive to operate, insure and fix. I could buy a new car today but what is the marginal benefit I will get? Perhaps more safety, fuel efficiency and features but I just need a car to take me to point A to B. If you can ma...
by DavidW
Thu May 03, 2018 1:01 am
Forum: Personal Consumer Issues
Topic: Anyone else have problems with appliances from Home Depot?
Replies: 36
Views: 8868

Re: Anyone else have problems with appliances from Home Depot?

I think the issue is with LG not HD. I purchased an LG fridge a few years ago and its been nothing but trouble. I think all appliances these days are garbage. My in-laws just bought a Frigidaire refrigerator from Lowe's. Got it home, plugged it in, and it would only get down to 70 degrees. I am kin...
by DavidW
Tue May 01, 2018 11:09 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 11823

Re: Have you quit eating sugar? Tell me how!

I used to eat a lot of sweets but have pretty much eliminated them. I am just not appealed by it... I think going cold turkey is much more difficult (with any types of craving). Perhaps you can find a way to step it down so that you can reduce the amount over time. So, maybe instead of having a coup...
by DavidW
Sun Apr 22, 2018 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 10625

Re: Inheritance Changing Lifestyle

Hi OP. If your interest is in the human side, take a look at this site. http://inheritance-project.com/cms/ There are samples you can read but you have to buy the files. It is well worth the money The authors met with those that inherited large wealth and in a good number of cases, the kids lives we...
by DavidW
Sat Apr 21, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Updated w2 from 2013-2017
Replies: 6
Views: 740

Updated w2 from 2013-2017

I would like your suggestions on this My employer just discovered that my pay was wrong for the last 5 years (gov't). :oops: I ended up getting a cumulative check for a net of $600 after taxes. I figure they will just add this to my 2018 earnings until I got the updated W2s for those years. :shock: ...
by DavidW
Sun Apr 15, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 11
Views: 1179

Re: What to do with windfall

Pay off the mortgage. Then consider funding your Roth IRA for 2018 now, anything else invest in your taxable account according to your asset allocation. Thank you for your input. I’m really leaning towards paying off the mortgage. We fully funded our Roth in January or else we’d definitely do that!...
by DavidW
Thu Apr 12, 2018 12:02 am
Forum: Personal Consumer Issues
Topic: Need vacuum recomendations
Replies: 21
Views: 1865

Re: Need vacuum recomendations

Even within the 100-200 range, you can find a used miele on Criagslist. I have several miele vacs (bit of a hoarder) and most were purchased for less than $200. The vacuum have a couple of filters. There is also model with HEPA if you need something like it.
by DavidW
Fri Apr 06, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 18009

Re: What can we learn from secret millionaires.

Reading about the primary "secret millionaire" in the story sounds like she gave $0 to charities during her lifetime - waited until the end and forked over 2/3rds to charities. With the tax incentive for charities vanishing (at least for me) I've considered similar. Stop giving today and just wait ...
by DavidW
Fri Apr 06, 2018 7:46 pm
Forum: Personal Consumer Issues
Topic: replace 2004 Honda Accord ?
Replies: 14
Views: 1499

Re: replace 2004 Honda Accord ?

I would drive until it no longer works or major repair prevents it from being a viable option.

What would you get instead if you were to trade it in (they would give you a few hundred bucks for it)? Do you have the money lined up to buy the next car?
by DavidW
Mon Apr 02, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Knocking pipes
Replies: 12
Views: 1751

Re: Knocking pipes

Thanks for all of your input.

I drained the water throughout the house but the noise is still there. I ended up adding a water hammer arrestor before the garden bib and the noise went away.

One project down and ten more to go.....
by DavidW
Sun Apr 01, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Knocking pipes
Replies: 12
Views: 1751

Knocking pipes

When I turn on the garden nozzle connected to the garden hose, I get a very loud pipe knocking sound in the house. This is especially the case when the turn on the water part way. When it is in the full position, the noise tends to go away. This home was built in 2000 (in California) and didn't have...
by DavidW
Sat Mar 31, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?
Replies: 35
Views: 3967

Re: Car totalled, not-at-fault - use my insurance or theirs? What leverage do I have for negotiating?

I am sorry to hear what had happened to you. You didn't say but are injured? Were you in the car when this happened? My understanding is that the reimbursement is negotiable. If you car is relatively new, it is possible you might have a gap between what you owe and what they will payout. I would fin...
by DavidW
Sun Mar 18, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does credit score matter if you never plan to borrow money again?
Replies: 44
Views: 4785

Re: Does credit score matter if you never plan to borrow money again?

Here is another example of credit score usage - I recently bought a used car with cash (wrote a check). While accepting the check, the car dealership pulled my credit score to see that my check was likely to not bounce. I think credit scores are being used more and more for things that they aren't ...
by DavidW
Sat Mar 17, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Techniques in helping other with poor money skills
Replies: 27
Views: 2706

Techniques in helping other with poor money skills

Most of us on this forum seems to have a good grasp of money and financial management skills. However, I am sure we all have worked with or have relatives/friends that struggle in this area and can't seem to get out from the paycheck to paycheck cycle. Not to say that paycheck to paycheck is a bad t...
by DavidW
Sat Mar 03, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Has the home we wanted just become 20% more expensive due to tax reforms?
Replies: 62
Views: 7345

Re: Has the home we wanted just become 20% more expensive due to tax reforms?

If the new tax laws mean that you will no longer itemize it essentially means your net mortgage rate increases as you have correctly ascertained. It increases by the value of the deduction you will no longer take at your marginal rate. I don't see how that makes the home more expensive. It makes th...
by DavidW
Wed Feb 28, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Cushion for Herman Miller Aeron Chair
Replies: 4
Views: 838

Re: Cushion for Herman Miller Aeron Chair

I used a Roho cushion for years when I worked from home and it was great. I also used a memory foam pillow to give it cushion (back side). They are fairly inexpensive. You might want to check thrift stores for the Roho cushion as my wife found one for $5-$10... They usually go for big $ as they are ...
by DavidW
Wed Feb 28, 2018 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Physical cash
Replies: 121
Views: 9072

Re: Physical cash

I am old school so I carry $200 or so with me at all times. I pay everything in cash except Amazon purchases and fuel at cashless locations. Cash helps me spend less. I hear the argument that if you carry cash, you can get robbed. But no one carries cash anyways so the crooks are finding other ways....