Search found 136 matches

by tmcc
Wed Sep 12, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Upper six-figures portfolio & tax management part 2
Replies: 18
Views: 2547

Re: Upper six-figures portfolio & tax management part 2

Wait why are you supposed to not reinvest dividends in taxable? Doesn't that increase your basis which reduces the LTCG? ie less tax on sale?
by tmcc
Wed Sep 12, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 2887

Re: New Job (1st Management Role)

- there is zero in 'management' that requires for you to work more, do not fool yourself except when your people either screw up or even when something isn't actually screwed up but the rumor has made its way to the highest levels. then you have to explain the matter to a blue ribbon committee of p...
by tmcc
Wed Sep 12, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Pet insurance
Replies: 31
Views: 2704

Re: Pet insurance

if you're seriously considering pet insurance look very closely at deductibles.
by tmcc
Tue Sep 11, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Lab test prices - exasperating!
Replies: 101
Views: 5707

Re: Lab test prices - exasperating!

get to a point where you're financially independent and let it go to collections for spite.
by tmcc
Tue Sep 11, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your medical expenses for future HSA withdrawals?
Replies: 3
Views: 365

Re: How do you track your medical expenses for future HSA withdrawals?

i keep a spreadsheet but cashflow it... HSA contribution limits are so nominal that if you use it, you'll never get to a meaningful balance over time.
by tmcc
Tue Sep 11, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: 401K vs Taxable Brokerage Account
Replies: 17
Views: 1255

Re: 401K vs Taxable Brokerage Account

depends on future tax rate and liquidity needs, doesnt it?

the short answer is that if you have to pick, its 401k.

if you don't have to pick then the Q is moot.
by tmcc
Tue Sep 11, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 2887

Re: New Job (1st Management Role)

If you can't negotiate higher, I would just take it and look for greener pastures at a new company in the director grade. 8-)
by tmcc
Mon Sep 10, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Job (1st Management Role)
Replies: 30
Views: 2887

Re: New Job (1st Management Role)

If you would have 4-5 reports, there is no way the grading should be the same as an individual contributor role. I would challenge you to present that the HR grading is wrong. No less than 10% should be acceptable IMO. Does your company give RSUs at manager+? Depending on your total comp, maybe much...
by tmcc
Thu Aug 16, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negative Insurance Discount with United Health Care and Sentara
Replies: 42
Views: 2779

Re: Negative Insurance Discount with United Health Care and Sentara

So I just got something that feels like a scam to me, even if it is indeed legal. My wife had a routine periodic chest x-ray done to check for TB. Sentara billed the insurance company $184 for the procedure so you would think that would be my maximum liability under the deductible. But no, apparent...
by tmcc
Wed Aug 15, 2018 5:27 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 60
Views: 5054

Re: Bullish/bearish on GE? Make your case here - new lows today

DaftInvestor wrote:
Wed Aug 15, 2018 5:02 pm
tmcc wrote:
Wed Aug 15, 2018 4:59 pm

the house is always wrong at the top and at the bottom.
Yup - but the only problem you have is you have no idea if this is the bottom.
that is a good thought. at this time, probability says otherwise. risk vs return is very low buying at historical lows relative to high volatility.
by tmcc
Wed Aug 15, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 60
Views: 5054

Re: Bullish/bearish on GE? Make your case here - new lows today

Betting on loser companies is a fool's game. This is not investing. It is speculating, or in this case...gambling with the house against you. Stick to a low cost, diversified equity mutual fund from Vanguard or Fidelty. You will do better in the long run. the house is always wrong at the top and at...
by tmcc
Wed Aug 15, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 60
Views: 5054

Re: Bullish/bearish on GE? Make your case here - new lows today

https://www.bloomberg.com/view/articles/2018-08-15/ge-stock-slump-no-quick-fix-keeps-bottom-out-of-reach BIG BEAR. They used to be a large diversified company. They have spun off many of their businesses over the years (financial services, etc.) and the business you know them by (Appliances, light-b...
by tmcc
Wed Aug 15, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 60
Views: 5054

Bullish/bearish on GE? Make your case here - new lows today

GE is doing decade lows today. I bought $2000 worth at 12.xx today . In 2008, their low was ~$8.50. Today they're trading $12.xx. I can see it doing 8 unless it goes to zero which means I'll take heat for about 1/3 of my position size. If their old low marks the ultimate bottom. I don't really know ...
by tmcc
Thu Jul 05, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating New Job Offer
Replies: 24
Views: 1757

Re: Evaluating New Job Offer

$112000 / (2080 - (28 days PTO x 8)) = $60.34 effective hourly pay $165000 / (2080 - (15 days PTO x 8) + (3 hours commute x 47 weeks x 5 days)) = $61.91 effective hourly pay The math says both jobs pay similarly by the hour. I wouldn't mind driving 3 hours a day for $186. Uber drivers work a whole ...
by tmcc
Fri Jun 22, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: 4K Computer Monitors: 27 vs 32 inches?
Replies: 29
Views: 2436

Re: 4K Computer Monitors: 27 vs 32 inches?

at work i have a 27" 4k and at home i have a 32" 4k. 100% get the 32. your eyes will thank you. I might have them swap out my 27 for a 32 at work because i am squinting more than I thought.
by tmcc
Sun Jun 17, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Gundlach sees 10 yr yields hitting 6%
Replies: 18
Views: 3327

Re: Gundlach sees 10 yr yields hitting 6%

$1 says 10y isnt going to 6% by 2020 without a major cut back in big government size and deficit spending. any takers? I'm also skeptical of Gundlach's prediction, but I don't understand the proposed terms of your bet. Are you saying that 6% 10-year yields won't happen unless there are government s...
by tmcc
Sun Jun 17, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15328

Re: How much (green) cash at home for emergency ?

Let's see..... I have.... $44. $20, $10, two $5 and four $1. 8-)
by tmcc
Sun Jun 17, 2018 6:46 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2248
Views: 1420539

Re: The Three-Fund Portfolio

I'm a 4 fund portfolio right now. Total US and developed international are fine. Emerging is a total dog. I suppose a portfolio cant always be up on everything. Still.

75 - Total stock
10 - Int Total stock
5 - Emerging stock
10 - Bond
by tmcc
Sun Jun 17, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Gundlach sees 10 yr yields hitting 6%
Replies: 18
Views: 3327

Re: Gundlach sees 10 yr yields hitting 6%

$1 says 10y isnt going to 6% by 2020 without a major cut back in big government size and deficit spending. any takers?
by tmcc
Sun Jun 17, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Boat Liability
Replies: 7
Views: 1113

Re: Boat Liability

I had a center console a few years back. it was fun. just remember when considering anything that has to do with a boat....


B.O.A.T. - Break Out Another Thousand
by tmcc
Wed Jun 13, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin Price Manipulation
Replies: 45
Views: 5543

Re: Bitcoin Price Manipulation

If you are manipulating the futures contract, that is a different story. If you're in the "cash" cryptos, they are an over the counter currency (or whatever it is) and are not regulated. Same goes for fx. Take a look at bid ask spreads on major fx pairs on central bank days and tell me there is no m...
by tmcc
Wed Jun 13, 2018 7:32 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 5130

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard. could you flip from their total market ETF to the mutual fund without triggering a wash sale? I Probably not. There is no tax consequence from going from investor share to admiral. So I would assume that the same would apply here. I believe you would have a wash ...
by tmcc
Wed Jun 13, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 5130

Re: How and when do you decide to do Tax Loss Harvesting?

so lets say someone is at vanguard.

could you flip from their total market ETF to the mutual fund without triggering a wash sale?
by tmcc
Wed Jun 13, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: recommendations for HELOC? does it matter to pick the cheapest rate?
Replies: 11
Views: 1241

Re: recommendations for HELOC? does it matter to pick the cheapest rate?

whether interest, closing fees or maintenance fees, you'll probably pay no matter what.
by tmcc
Wed Jun 13, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: AA relative to mortgage
Replies: 1
Views: 228

AA relative to mortgage

I've read people here say that paying down mortgage is like investing in a 30y bond. The reality is a little more complicated of course but lets not dwell on that. in my after tax investment which is 90/10, maybe I should stop buying the bonds and just make that 10% an additional mortgage prepayment...
by tmcc
Sat Jun 09, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3806

Re: Found an FSBO home for sale. How to avoid Realtor?

realtors are useless middlemen

of all professional services, it is the one I respect the least
by tmcc
Sat Jun 09, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3806

Re: Found an FSBO home for sale. How to avoid Realtor?

You can, but as a buyer you aren't paying for the realtor's services so it doesn't make a lot of sense. The seller will be paying your realtor fee. this is a misconception and outright wrong. seller's pricing factors in 6% of their gross for realtor costs. if they know that they won't be incurring ...
by tmcc
Sat Jun 09, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3297

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play ...
by tmcc
Sat Jun 09, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 3297

Re: Porsche Macan

if you buy new, discounts are trivial at best. imo, find an adult owned private seller on ebay or cargurus that has the options you want. be patient. you'll have substantially the same car for much less than MSRP. dealers always screw people hard on trade value. there is substantial ground to play w...
by tmcc
Thu Jun 07, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Is there a forum for legal matters?
Replies: 18
Views: 1984

Re: Is there a forum for legal matters?

also be wary of disclosure of your legal issue in a public forum (internet). if you end up in arbitration or court, that may be a serious issue if you gave away key details to try to drum up a free lunch to save on fees. if the counterparty finds your thread, rest assured they will use it against yo...
by tmcc
Thu Jun 07, 2018 5:49 am
Forum: Personal Consumer Issues
Topic: Switching car insurance agents
Replies: 15
Views: 1505

Re: Switching car insurance agents

if you have a broker for home insurance/umbrella/whatever , you could try giving them a call. my home insurance broker/agent has dug up the best rates for me and I usually change annually if its more than $100 or so. he makes money, i save money - its a good deal for everyone. whenever I have tried ...
by tmcc
Thu May 31, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 881

Re: Entreprenuerial opinions/advice

Thank you for the feedback. I reached out to setup a mentoring session through Score. TBD!
by tmcc
Thu May 31, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Entreprenuerial opinions/advice
Replies: 7
Views: 881

Entreprenuerial opinions/advice

I am trying to bring an idea to life. I'm struggling with how to go from early stage concept to reality. Here is what I have done thus far at a summary level: 1. R&D costs for technical feasibility 2. Legal/org costs for boiler plate NDA, org docs and entity structure 3. 5 year business strategy 4. ...
by tmcc
Mon May 21, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Lender Funded Without Authorization
Replies: 5
Views: 835

Re: Lender Funded Without Authorization

Do you have any actual damages? Or did they just send a wire then pull it? If you lose the contract, I think you definitely have something to discuss. The presentation of your question seems like it largely depends on if the contract is fulfilled and the circumstances of the untimely funding as pert...
by tmcc
Mon May 14, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?
Replies: 16
Views: 893

Re: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?

basic accounting also introduces the matching principle: revenue should be matched with expenses. if a company's revenue is directly driven by what is currently an operating expense then clearly GAAP accounting rules have been left behind, hm? How could you make a case that advertising is a cost in...
by tmcc
Mon May 14, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11422

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

why contribute after tax to a 401k if there is no deduction favorability or FIT wage reduction? :shock:

just save the equivalent after tax money to a brokerage......... right? am I missing something obvious?
by tmcc
Mon May 14, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?
Replies: 16
Views: 893

Re: Gross Margin - why aren't traffic acquisition costs counted as COGS for tech companies?

Advertising is considered to be an operating expense. It affects net profits, not gross margins. Basic accounting. basic accounting also introduces the matching principle: revenue should be matched with expenses. if a company's revenue is directly driven by what is currently an operating expense th...
by tmcc
Sat May 12, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39879

Re: Lucrative careers?

Pharmacist Not an easy program or job but starting salary over $100K from day one. Edit- more like $120K The pill counters are one of the first health care professions that will be automated. The ratio of pharmacists employed per pharmacy is going to go wayyyyyyy down in the next few years. Radiolo...
by tmcc
Sat May 12, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Computer Remote Access
Replies: 29
Views: 3562

Re: Computer Remote Access

I've setup port forwarding and used VNC as a cheap, easy, temporary, might get pwned solution. Running a VPN would be a bit better. But I have the personality of a Russian robot anyway, so it hasn't been an issue. I used to do that with RDP and found that someone had been trying to brute force the ...
by tmcc
Sat May 12, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39879

Re: Lucrative careers?

Pharmacist Not an easy program or job but starting salary over $100K from day one. Edit- more like $120K The pill counters are one of the first health care professions that will be automated. The ratio of pharmacists employed per pharmacy is going to go wayyyyyyy down in the next few years. Radiolo...
by tmcc
Thu May 10, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Annoying IRA rollover problem
Replies: 6
Views: 676

Re: Annoying IRA rollover problem

Yes, that is option #1. I would only contribute to the min to actually buy a fidelity total market fund ($2500, I think) though because I'd prefer to save in a taxable account.
by tmcc
Thu May 10, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Annoying IRA rollover problem
Replies: 6
Views: 676

Annoying IRA rollover problem

I forgot about my 401k from my first job nearly 10 years ago. I funded it very lightly at the time because it was during the financial crisis. Little did I know..... Anyway, Putnam has been chipping away $100 in fees per year for about 10 years. Fast forward to now, the amount that's left is pretty ...
by tmcc
Thu May 03, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Anyone else have problems with appliances from Home Depot?
Replies: 36
Views: 8670

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

The house i bought last year included vintage appliances. The refrigerator is a subzero side by side from the 70s. Its still rocking 8-)
by tmcc
Wed May 02, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 2124

Re: Restricted Stock Units and Stock Options Strategy

i sell mine immediately as well. your base, bonus and equity are all tied to this company. unless its a real mover mover, the less thats tied up in your main place of employment, the better. then maybe keep half or something similar.
by tmcc
Wed May 02, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 34697

Re: KF's simple rules to achieve FI [Financial Independence]

KF, I started using the % of expense method to measure my savings rate in my budget. Its a solid method so thanks for that. I am curious how people look at debt based obligations like a mortgage when factoring in the asset multiplier that one needs for financial independence. For example, I expect t...
by tmcc
Sun Apr 29, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Money market funds - under par interest rates
Replies: 15
Views: 1791

Re: Money market funds - under par interest rates

So are online savings account banks buying 10 years and offering 2% savings rates and pocketing the 1%? how do i apply to become a bank again? :D
by tmcc
Sun Apr 29, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP taxing rules, to hold or not to hold
Replies: 28
Views: 2238

Re: ESPP taxing rules, to hold or not to hold

dont do it unless you have a high amount of confidence in your company's stock staying flat or growing in price. 2 years is a long time. meanwhile, youll have to pay the advance tax on the "discount" that might not exist by the time you sell.
by tmcc
Sun Apr 29, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: Money market funds - under par interest rates
Replies: 15
Views: 1791

Money market funds - under par interest rates

I have several short term cashflow needs that will be happening soon. i would like to at least keep the interest rolling if possible. I have this money sitting in a schwab money fund SNSXX. I am confused because the yield is only 1.35% per schwab. online savings accounts are now touching 2.0%. why a...
by tmcc
Sat Apr 28, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11967

Re: Amazon to raise Prime membership in US to $119 from $99

I have a personal problem with the scale of amazon's operation. I am not renewing prime and I avoid buying anything from them if possible.