Search found 488 matches

by mrspock
Thu Nov 14, 2019 11:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETF EDV
Replies: 10
Views: 511

Re: Vanguard ETF EDV

E == extended duration . Longer term == bigger term risk == bigger gains when interest rates drop.

Compare the average durations of the ETFs, you’ll likely find this fund has a higher average duration.
by mrspock
Thu Nov 14, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 37
Views: 2405

Re: Equal Inheritance for Children

*popcorn* as the only child of 3 who works for a living and the only one financially independent, this is very interesting to me :) . For what it’s worth, why not just ask the financially minded child for their input? My parents have done this when helping my siblings in ways which might have been p...
by mrspock
Thu Nov 14, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 62
Views: 4098

Re: SP500 is very top heavy right now

The concentration at 17% doesn’t bother me at all either. This seems like a more than reasonable amount of an AA to allot to these companies 1.5-3.5% of total. Also, there’s no way I could do better stock picking (or meddling around with tilting) than what my portfolio has done indexing to the total...
by mrspock
Thu Nov 14, 2019 12:26 pm
Forum: Investing - Theory, News & General
Topic: SP500 is very top heavy right now
Replies: 62
Views: 4098

Re: SP500 is very top heavy right now

Last I checked, all of them make money — a lot of money. What were the top 5 companies’ names for 1999? I think this context matters when assessing the validity of the comparison. Today they are: Microsoft Apple Amazon Facebook Berkshire Seems to be they are all pretty legit, large moats, revenue no...
by mrspock
Wed Nov 13, 2019 6:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198623

Re: U.S. stocks continue to soar!

Another good day. Almost had 3100 were it not for the wobble mid-day. Interesting so much doom and gloom over equities going higher. I take this as a sign the bull will continue for quite some time. We went sideways for almost two full years, with a giant dumpster fire last December and the market o...
by mrspock
Sun Nov 10, 2019 3:56 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 37
Views: 2679

Re: Advantages for US persons abroad

... If the latter, then holding the US citizenship is a huge liability. Your financial life will be ruined. This seems a bit over dramatic. You file an extra tax return, and since US taxes are generally lower than the rest of the developed world where the US has a tax treaty, the source of any fina...
by mrspock
Sat Nov 09, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Corporate ladder advice
Replies: 8
Views: 1088

Re: Corporate ladder advice

I think what each company values is probably a bit different, and as a consequence the road to senior leadership slightly different, but with that said, here's my advice: 1. Soft vs. Hard skills - Hard skills might get you to a certain point in leadership, but it's the soft skills which will take yo...
by mrspock
Sat Nov 09, 2019 2:00 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1012
Views: 137387

Re: Milestone #2 250K

Doubling your nest egg in 2 years is no small feat, huge congrats. Looking forward to your post at $300k!
by mrspock
Sat Nov 09, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 64
Views: 6274

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

FWIW, at the company I work at, we see some of our best engineers leave (typically 1-2 years) and return all the time. I can't recall a case where anyone held a grudge, or didn't welcome the back with open arms. Good people are hard to find in tech, and the more of them you can work with the better....
by mrspock
Sat Nov 09, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198623

Re: U.S. stocks continue to soar!

After 18 months of moving nowhere, it was nice to have a week like this last one, it only took 3 consecutive earnings seasons to convince enough doubters. Shaping up to be one of those years where you struggle to keep your AA simply pouring new money into bonds. Here's to hoping the bull continues f...
by mrspock
Sat Nov 02, 2019 4:14 pm
Forum: Personal Investments
Topic: Do You Discount Your Retirement Number In Bull Markets
Replies: 25
Views: 2419

Re: Do You Discount Your Retirement Number In Bull Markets

When the market fortune tellers start getting more accurate, I'll consider it. Until then...I just stay the course. That said, I have gone well beyond 25x spending for my "number" (more like 35x), but my mental model here is more "insurance" than anything to do with the bull market. I also use a 3.5...
by mrspock
Sat Nov 02, 2019 2:21 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103542

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Time for my quarterly check-in: I'm up 49% since Feb 12th (I had to triple check the math here, but it's correct), doing the 50/50 version of this w/ quarterly rebalance. I pivoted to the 50/50 from the original 40/60 (UPRO/TMF) version of this on Aug 13th. Not a bad start to this adventure. An even...
by mrspock
Fri Nov 01, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198623

Re: U.S. stocks continue to soar!

*deep breath* Do you smell that? I love the smell of the soaring S&P 500 index in the morning...it smells like freedom. I thought freedom was just another word for nothing left to lose? :confused I notice my VXUS, foreign stock, is soaring higher than VTI, US stock, of late. The dollar is falling a...
by mrspock
Fri Nov 01, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1904
Views: 198623

Re: U.S. stocks continue to soar!

*deep breath* Do you smell that? I love the smell of the soaring S&P 500 index in the morning...it smells like freedom.
by mrspock
Thu Oct 31, 2019 7:34 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 20840

Re: Holding bonds vs 100% equities

Ive been doing some research and have had some discussions with some friends who are more investment-savvy than myself, about bonds. One of my friends said that you should always have some bonds no matter how risk tolerant one may be. Another friend said the same thing, that it doesnt make much sen...
by mrspock
Wed Oct 30, 2019 10:10 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 20840

Re: Holding bonds vs 100% equities

Ive been doing some research and have had some discussions with some friends who are more investment-savvy than myself, about bonds. One of my friends said that you should always have some bonds no matter how risk tolerant one may be. Another friend said the same thing, that it doesnt make much sen...
by mrspock
Sun Oct 27, 2019 6:25 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20479

Re: I’m done with index funds

[quote= Tax loss harvesting is one thing, but it is fairly trivial to use individual securities to outperform the index fund. The S&P 500 throws off enough dividends to cost 0.5% in taxes per year at the top tax bracket. A simple replication strategy would be to own all the non-dividend paying stoc...
by mrspock
Sun Oct 27, 2019 6:16 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20479

Re: I’m done with index funds

70 basis point fee. Every year. $70,000 fee for every $10 million invested. Every year. Dead stop for me right there. Sorry, but I can’t see it. I agree. This is not something that would interest me. No offense, but many Bogleheads have developed a dogmatic, blindsided approach based exclusively on...
by mrspock
Sun Oct 27, 2019 2:24 pm
Forum: Personal Investments
Topic: I’m done with index funds
Replies: 201
Views: 20479

Re: I’m done with index funds

You should talk to some former Wealthfront users or read some threads of those unwinding. Absolute nightmare. This thing you are planning on doing... sounds good in theory, terrible in practice and even worse to unwind. I would think twice, feels like you are looking at the trees and not seeing the ...
by mrspock
Wed Oct 23, 2019 1:16 am
Forum: Personal Finance (Not Investing)
Topic: Cash Back Bonuses - Race to $10k
Replies: 28
Views: 5161

Re: Cash Back Bonuses - Race to $10k

What do you spend monthly? No way you get there unless you hit the high dollar value cards. I started doing this just under a year ago and after opening 16 (7/9) credit-cards/banks I am just a bit over $4K after-tax (31% total tax rate on 9 bank bonuses). This does not include the points themselves...
by mrspock
Wed Oct 23, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Cash Back Bonuses - Race to $10k
Replies: 28
Views: 5161

Cash Back Bonuses - Race to $10k

A fun race to build $10k in your favorite index funds through using your favorite cash back CCs or other “sign-up bonuses”. The only friendly completely unenforceable rules are: 1. Hold a separate account or use a specific ETF or mutual fund for this to keep the accounting simple 2. No cheating by t...
by mrspock
Tue Oct 22, 2019 11:45 pm
Forum: Personal Consumer Issues
Topic: Certificates or no certificates when purchasing tires as Discount Tires?
Replies: 4
Views: 654

Re: Certificates or no certificates when purchasing tires as Discount Tires?

Glockenspiel wrote:
Tue Oct 22, 2019 11:11 pm
Never. Waste of money. You’ll never use them and you’ll still get a pro-rated warranty on the tires without them. Most tires will be able to be patched unless you bust out the sidewalk.
+1 complete waste of money.
by mrspock
Mon Oct 21, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Investing for the "great sag" - Dalio
Replies: 65
Views: 10332

Re: Investing for the "great sag" - Dalio

... Of course, people rarely make forum postings nowadays about what these gurus have said, because of the speed with which a guru is forgotten when their streak of successes ends. But back in the day we got a fair number of "Bill Miller thinks" and "Hussman says" and "Bill Gross warns" postings. +...
by mrspock
Sat Oct 19, 2019 3:21 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9782

Re: Retiring and Getting Over The Fear of Quitting?

I still remember the day in 2006 when I decided to retire. I came to the realization that I did not know how many days I had left, and that I was selling them to the company for less than they were worth to me. .... This x 10 . As you get older your time becomes far more valuable than money. Someti...
by mrspock
Fri Oct 18, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a short career break in silicon valley
Replies: 13
Views: 3161

Re: Taking a short career break in silicon valley

Anyone done this successfully at a tech company? What was your experience like leaving/joining back at same or different company? My company doesn't have a sabbatical or anything like that sort of program. Just looking for others' experiences. Been almost 20 years of continuous grind, and I'm longi...
by mrspock
Fri Oct 18, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5564

Re: Should I take the job in OKC or Orlando?

Love this stuff...human behavior is so interesting. The OP said thanks, I've made my decision, early this morning. He gracefully thanked everyone. Looks like the responses truly helped. Yet, responses by the dozens continue, after he announced his decision. And will probably continue for days or we...
by mrspock
Thu Oct 17, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a substantial salary increase - suggestions?
Replies: 27
Views: 3732

Re: Handling a substantial salary increase - suggestions?

Avoiding significant lifestyle creep is key. Got a big bump (not as big as yours) in 1994. Never spent more than that in a year despite earning many times that in future years. This. This is your chance to buy your own future and freedom ... don’t squander it with lifestyle creep. Every raise, ever...
by mrspock
Thu Oct 17, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5564

Re: Should I take the job in OKC or Orlando?

Orlando (and it isn’t a contest) for a few reasons: 1. No state taxes vs. 4.5% for OKC 2. Far nicer metro area IMO, plus fantastic metros in the state (Miami, Tampa etc) 3. Quick drive to fantastic beaches 4. People move to Florida to retire for the rest of their lives ... do as many do the same for...
by mrspock
Wed Oct 16, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5001

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by mrspock
Wed Oct 16, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5001

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by mrspock
Wed Oct 16, 2019 3:12 am
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 1994

Re: Where to stay in Maui?

Ok, I’ll be the budget oriented one: Residence Inn by Marriot in Wailea. Short walk to beach, kitchenette, very new property, fantastic pool and free breakfast. Book a room with a view... sunsets are amazing. Honestly .... I stay in a lot of hotels.. and most 4 star places (lookin at you Westin, Pan...
by mrspock
Wed Oct 16, 2019 2:55 am
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11459

Re: How to handle 5M capital gain (post-IPO)

I have been in a similar albeit smaller situation (but still 7 figs). I would sell in January, diversify into index funds, and then hope the market tanks in the next 11 months so you can TLH away your taxable gains. Eventually the broad market will recover, the same cannot be said for single concent...
by mrspock
Mon Oct 14, 2019 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5285

Re: Should I invest in a ski in / ski out condo?

The downside is that I don't need a ski in / ski out condo. For one, our family all has homes there and there are at least 4 locations that we can stay at, all close to the ski area, just by asking. (None are ski in / ski out though). Probably I need my own ski condo like I need a hole in my head. ...
by mrspock
Sun Oct 13, 2019 3:07 pm
Forum: Investing - Theory, News & General
Topic: A great example of single stock risk
Replies: 51
Views: 5507

Re: A great example of single stock risk

... Times like this I'm glad that I only invest index funds. I can easily imagine an individual investor buying PG&E because it is supposedly a "safe utility company". ... I could not agree more, I’m so thankful I learned about this style of investing. My only regret is that I seem incapable of con...
by mrspock
Sat Oct 12, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5226

Re: Anyone buying PG&E stock?

I suppose the title is self explanatory. I am not seriously considering it, but I just saw that PG&E stock went down by almost 30% on Thursday. Anyone would like to weigh in here? Before buying this or any other single stock, I’d challenge you to find the confidence to buy any of them in a quantity...
by mrspock
Sat Oct 12, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 3980

Re: Buying expensive TVs online

FWIW I’ve bought TVs online for a long time with no issues. Last TV I bought was an LG OLED off a highly rated ebay seller, arrived in perfect condition, brand new, and is going strong. It was probably more than 40% less than going into BestBuy at the time, well worth it. Beyond making sure the sell...
by mrspock
Thu Oct 10, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Working in a different city
Replies: 32
Views: 1987

Re: Working in a different city

FWIW I know some folks in Silicon Valley who fly in for work Sunday night and work M-TH or M-F (on their on dime no less), then get back on the plane to head “home”. They maintain a crash pad in the valley to sleep (studio or 1 Bdrm). So it’s not under heard of, albeit a very tiny minority from my e...
by mrspock
Sun Oct 06, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Broken driver-side window. What to do?
Replies: 30
Views: 2470

Re: Broken driver-side window. What to do?

Recently had this happen, cost was $400 all in to repair, so probably cheaper to just pay out of pocket unless you have 0 deductible for glass.
by mrspock
Fri Oct 04, 2019 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14043

Re: Willingly going from lucrative job to unemployed?

Two words: part-time or better yet... remote part-time . Yes it exists in tech if you look. Try 3-4 days per week and see how that goes. With your 3-4 day weekends... red eye it to someplace nice and chill (yes every weekend if you want), build the war chest a bit more. Then... one day as you are dr...
by mrspock
Wed Oct 02, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126652

Re: U.S. stocks in free fall

Down a solid 2% .... *yawn*. Mr. Market is having a temper tantrum over the manufacturing index data ... which represents 11% of US GDP. The rational reaction? Sell everything of course. My prediction (which is worth what you are paying for it): Either poor Q3 earnings (in a couple weeks) re-enforce...
by mrspock
Tue Oct 01, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: Where is benefit of diversification? (SP 500 vs Total Stock)
Replies: 15
Views: 1478

Re: Where is benefit of diversification? (SP 500 vs Total Stock)

Honestly, I think the investment outcomes between total market and the S&P 500 are so similar people should just do whatever they prefer. You are down to splitting hairs at this level. The lift from small caps is debatable, and it’s a knife which cuts both ways. When it comes to TLH’ing, I rotate be...
by mrspock
Mon Sep 23, 2019 4:49 pm
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9221

Re: Best places to live to raise a family (cost doesn't matter)

Palo Alto, CA Lolz. The city where they have people who’s job is to sit in a chair by railroad crossings to prevent kids from jumping in front of trains (due to absurd academic pressure). Pass. Hawaii. Island of Maui Culture Lifestyle Climate “Ohana” “Aloha Spirit” J🏝 +1 but folks probably need to ...
by mrspock
Mon Sep 23, 2019 1:03 am
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3149

Re: How to value RSU during salary negotiation

Do you get annual "refresher" RSUs, or is this a one time thing? If you get yearly refreshers, then you'll have a nice ramp to your overall pay as 2, 3, and 4 rounds of RSU start kicking in. At the mega-corp I work at, this is really where the RSUs are life changing... the initial grant is a roundin...
by mrspock
Fri Sep 20, 2019 12:20 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24683

Re: IT compensation comparison

Right, although I have to say that this is all a phenomenon of the last 10 or maybe 15 years or so. The pay in large public tech companies wasn't all that great before that (it wasn't bad, but much less than what it is now.) To make serious money, you had to climb up to an executive position, or yo...
by mrspock
Fri Sep 20, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I actually finance this car?
Replies: 28
Views: 1986

Re: Should I actually finance this car?

I would pay cash for the cheaper car. Trust me... you will thank yourself. FWIW my car has had the engine light (not safety related) on for 80k miles ... it is almost a fun novelty I show friends now. The car is worth nothing... it has over 200k miles.... when it dies, I can leave it at the side of ...
by mrspock
Thu Sep 19, 2019 9:41 pm
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5210

Re: Where Bogleheads Live

My take aways: 1. A lot of Silicon Valley folks are Bogleheads. This meshes with my anecdotal evidence, in that everyone I know in tech goes on the site, or has heard of it at least. 2. Bogleheads work in big money states like NY, California, Virginia, and Washington etc. 3. They retire in Florida,...
by mrspock
Thu Sep 19, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11230

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Reverse the thinking.... if your reputation was damaged, to the point of having trouble finding a new gig. How much would you pay to fix it? Probably more than $3.5k . Give two weeks notice IMO ... one of your colleagues or bosses will remember this too.
by mrspock
Tue Sep 17, 2019 4:03 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5210

Re: Where Bogleheads Live

My take aways: 1. A lot of Silicon Valley folks are Bogleheads. This meshes with my anecdotal evidence, in that everyone I know in tech goes on the site, or has heard of it at least. 2. Bogleheads work in big money states like NY, California, Virginia, and Washington etc. 3. They retire in Florida, ...
by mrspock
Thu Sep 12, 2019 2:02 am
Forum: Personal Consumer Issues
Topic: American kids attending Canadian Universities??
Replies: 22
Views: 2743

Re: American kids attending Canadian Universities??

Lol they will come back very progressive? :) I went to school in Canada, and if you are asking about the value of the degree I can probably shed some light on it. Canadian institutions are more or less equal in “status” from province to province. There are some outliers like U of T, some UBC program...
by mrspock
Mon Sep 09, 2019 10:44 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 22902

Re: Rich people are hoarding cash

Don’t let the Boglehead crowd skew your reality.... very few people will ever see 7 digits of investable assets. I'm not so sure about that. According to this link: https://dqydj.com/net-worth-by-age-calculator-united-states/ For those between the ages of 50-54 (excluding home equity) one million d...