Search found 542 matches

by mighty72
Sat Aug 08, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: New VP Interview on Current Job
Replies: 6
Views: 1389

Re: New VP Interview on Current Job

I have had many managers and managers of managers changes in during my career. As I got more senior such meetings became more common when there was a changes 1-2 levels up. My 2 cents would be that you don't send any email unless the meeting invite explicitly states that goal of the meeting is know ...
by mighty72
Fri Aug 07, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

My experience with lenderfi was not so good. The fees went up, not by much. I would have been fine with that. But they sent me an updated LE with additional fees rolled in the loan so and payment went down as newer payoff from my existing lender was lower. They never mentioned that things changed. W...
by mighty72
Wed Aug 05, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on a monthly budget for investing/savings/debt/home improvement?
Replies: 11
Views: 960

Re: Thoughts on a monthly budget for investing/savings/debt/home improvement?

Based on the last post and your level of income & savings, I would go for the upgrades to the house. With 120k per year expenses and 3% rate of withdrawal, you need around 4M to retire. Of course, there are other can be additional expenses but you are at above 2M in savings already and adding 250K a...
by mighty72
Wed Aug 05, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on a monthly budget for investing/savings/debt/home improvement?
Replies: 11
Views: 960

Re: Thoughts on a monthly budget for investing/savings/debt/home improvement?

A couple of things: 1. Your concentration in FAANG stocks is high for me. 2. What are monthly/yearly expenses? That is an important factor on how much you want to save. 3. What is the current value of your home? Have you considered selling this home & buying a new one? $250K + equity can buy you a l...
by mighty72
Fri Jul 31, 2020 6:13 pm
Forum: Personal Consumer Issues
Topic: best mesh wifi system on the market?
Replies: 50
Views: 3465

Re: best mesh wifi system on the market?

Eero works good for our 2 story house
by mighty72
Thu Jul 23, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I got a quote from Watermark but they didn't put in the prepaids info. Taxes & Insurance. I asked why those weren't included and this is the response. "Those aren’t cost and the collection amount will be the same no matter who you select to do your loan. There are no points. ( there are no cost)" S...
by mighty72
Thu Jul 23, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

^^^ thanks. Also, wondering if anyone has been able to get a lower rate with lenderfi after the lock?
by mighty72
Thu Jul 23, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I am sure this has been answered somewhere in the long thread. I locked rate with lenderfi but hit a couple of hiccups. They underestimated the government fees and taxes and want me to cover the difference. They are working on it. Is it okay to continue shopping around for a better rate (no pun inte...
by mighty72
Wed Jul 22, 2020 2:15 pm
Forum: Investing - Theory, News & General
Topic: beginning of end of tech outperformance - linkedin to layoff 6%
Replies: 53
Views: 4633

Re: beginning of end of tech outperformance - linkedin to layoff 6%

Anecdotally, hiring in tech has slowed down; it has become more focused and hiring only in area which are growing. Also, employees are generally more conservative when looking for a change. I don't hear of any big layoffs at large tech companies. Gig economy companies are impacted and I see some mor...
by mighty72
Mon Jul 20, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car
Replies: 101
Views: 5077

Re: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car

We have done 8-9 hour drives with 2 kids. The last drive they were 7 & 5. The earliest with both of them was when they were 3 & 1. I would say minivan is the best option. With the younger one it gives you ample space to feed, diaper change, etc. The older one can move around in the back while you ar...
by mighty72
Sat Jul 18, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: DFA Entering ETF space
Replies: 34
Views: 2968

Re: DFA Entering ETF space

[merged happystance's thread DFA to launch active ETFs with ongoing discussion]
by mighty72
Wed Jul 15, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard partners with Infosys for Defined Contribution recordkeeping]
Replies: 260
Views: 16136

Re: [Vanguard partners with Infosys for Defined Contribution recordkeeping]

Merged index2max's thread here with suggestion on action that folks can take. Thread remains locked as per Ladygeek's comments earlier in this thread
viewtopic.php?f=10&t=320206&newpost=537 ... d#p5372630
by mighty72
Fri Jul 10, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: TPMS(tire pressure monitoring system) lifespan
Replies: 80
Views: 3864

Re: TPMS(tire pressure monitoring system) lifespan

I was told that it also depends on how many miles you drive. On one of cars, we put about 20k miles a year and a couple of sensors gave up around 100k miles
by mighty72
Thu Jul 09, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 9794

Re: Share your budget

The way I do it is that I put after tax dollars in IRA and then convert it to Roth immediately. If you do the conversion, all gains are tax free. If you don't do the conversion then you have to pay taxes on the gains. Also, you need to keep a record that your contributions where after tax. You only ...
by mighty72
Thu Jul 09, 2020 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 152
Views: 9794

Re: Share your budget

OP, how are you able to max out two 401(k)'s AND 2 IRA's at your income level? I thought that was a big giant IRS no-no. It most likely is a non-deductible IRA contribution https://www.bogleheads.org/wiki/Non-deductible_traditional_IRA Hopefully OP is also doing a Roth conversion to keep even the g...
by mighty72
Tue Jul 07, 2020 1:23 pm
Forum: Personal Consumer Issues
Topic: How would permanent WFH reshape Silicon Valley?
Replies: 79
Views: 6555

Re: How would permanent WFH reshape Silicon Valley?

I am in Silicon Valley and have had this discussion with many people in different companies. Before COVID a lot of companies were trying to reduce cost by going to open layout and reducing space per person. Those plans are being reconsidered and in some cases being rolled back. So, less people might...
by mighty72
Sun Jul 05, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Boglehead Way to buy an Audi
Replies: 91
Views: 5785

Re: Boglehead Way to buy an Audi

Check out Hertz and Avis used vehicle sale. I was checking last week and Saw bunch of Audi at good price. Thanks
by mighty72
Thu Jul 02, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I had asked a question earlier, so thought will update. All are 30 yr fixed & no points. LTV is 65%, loan ~720K. State: CA Loan Depot: 2.99% w/ 1300 closing costs LenderFi: 2.875%, no cost Better: said could not match LenderFi, 2.875% required ~ 10K in points Locked rate with LenderFi. Currently, I...
by mighty72
Thu Jul 02, 2020 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I had asked a question earlier, so thought will update. All are 30 yr fixed & no points. LTV is 65%, loan ~720K. State: CA Loan Depot: 2.99% w/ 1300 closing costs LenderFi: 2.875%, no cost Better: said could not match LenderFi, 2.875% required ~ 10K in points Locked rate with LenderFi. Currently, I ...
by mighty72
Wed Jul 01, 2020 7:56 pm
Forum: Personal Consumer Issues
Topic: FYI - Disney+
Replies: 44
Views: 7073

Re: FYI - Disney+

So, technical question, because I have no idea what the technology behind a streaming video service is like. If "everybody" who has Disney+ decides to watch Hamilton at almost the same time--July 3rd or 4th or 5th, say--will that cause problems? Is it just a question of bandwidth, or do they have a...
by mighty72
Tue Jun 30, 2020 10:19 am
Forum: Personal Consumer Issues
Topic: Job candidate sending messages via LinkedIn
Replies: 62
Views: 3687

Re: Job candidate sending messages via LinkedIn

There is no protocol as one puts their own information and where they work on LinkedIn. I have interviewed 100's of people. I usually give some high level feedback at the end of the interview. It is technical feedback on how I would have solved the problem or made it more efficient. Half of the time...
by mighty72
Sun Jun 28, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

^^^ thanks
by mighty72
Sat Jun 27, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I got a 3% & ~1.5k closing cost quote on jumbo refi from loan depot. I am shopping rates around. Do you recommend that I lock this rate while I shop around? If I don't get anything better then I would go with it. if you're saying jumbo as in 765k+, then yes, this is a great deal on a refinance. Can...
by mighty72
Sat Jun 27, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I got a 3% & ~1.5k closing cost quote on jumbo refi from loan depot. I am shopping rates around. Do you recommend that I lock this rate while I shop around? If I don't get anything better then I would go with it. if you're saying jumbo as in 765k+, then yes, this is a great deal on a refinance. Can...
by mighty72
Sat Jun 27, 2020 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4622
Views: 317274

Re: Refinance Mega Thread

I got a 3% & ~1.5k closing cost quote on refi from loan depot. I am shopping rates around. Do you recommend that I lock this rate while I shop around? If I don't get anything better then I would go with it.
by mighty72
Fri Jun 26, 2020 10:03 am
Forum: Personal Investments
Topic: Which bond fund - 401k or Brokeragelink
Replies: 21
Views: 678

Re: Which bond fund - 401k or Brokeragelink

I am using brokerage link and want to highlight a couple of things: 1. If you are happy with other choices in your 401k, I would not go to brokerage link to save $70 per million. The reason is that I have not been able to figure out an easy way to auto-invest every paycheck. Maybe I have not looked ...
by mighty72
Mon Jun 22, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Getting pretty desperate to own some real estate...
Replies: 29
Views: 3380

Re: Getting pretty desperate to own some real estate...

One option for OP is to continue to rent in SF and invest the planned down payment in out of state deals. I am not suggesting single family homes and not saying that it is easy or risk free. However, reading the forums for last 2-3 years, I have read many people here do it. WCI (white coat investor)...
by mighty72
Tue Jun 16, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Should you take a counteroffer from your employer?
Replies: 34
Views: 3500

Re: Should you take a counteroffer from your employer?

It worked for me. You have to be very clear why you are leaving. I was relatively junior but my compensation was 20% below market. I already had specialized in a niche area. I clearly told my boss and other higher ups that I love the team and only reason for me wanting leave is the low compensation....
by mighty72
Sat Jun 13, 2020 11:56 am
Forum: Personal Consumer Issues
Topic: Weber Genisis II grill grates
Replies: 19
Views: 1705

Re: Weber Genisis II grill grates

They work fine for me. I do scrub them using a brush while they are still hot.
by mighty72
Mon Jun 01, 2020 10:53 pm
Forum: Personal Investments
Topic: Which budgeting software do you use ?
Replies: 59
Views: 3131

Re: Which budgeting software do you use ?

+1 on YNAB. I have been using it for 2+ years. For me, it is less about budgeting and more about knowing were money goes. The way it works is that you approve each transaction; makes you more aware of transactions. It makes you think about your spending. I don't think my budget for any 2 months has ...
by mighty72
Tue May 26, 2020 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18330

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I personally think of you can afford it then sending kids to a good private school is an option you should consider. We have income very similar to yours but 2 kids. We have decided to keep the kids in public k-5 and switch to private middle school onwards. In lower grades, school is close by and th...
by mighty72
Sat May 23, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12633

Re: Approaching 40, worried about financial future

We were like you about 5 years ago. We started tracking all our expenses and believe me it helps. We use ynab; it is never a hard limit on any one category except we never cheat on savings and always set money aside for recurring expenses like phone, utilities, property tax, insurance, etc. What is ...
by mighty72
Fri May 22, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: WFH and taxes
Replies: 11
Views: 1443

Re: WFH and taxes

OP, based on my experience from many years ago, your employer has to classify you as a wfh employee and change your employment address for you to avoid NY taxes. Please discuss with your payroll department
by mighty72
Thu May 21, 2020 10:33 am
Forum: Personal Consumer Issues
Topic: Remote teaching a 15 year old [about stocks]
Replies: 30
Views: 1347

Re: Remote teaching a 15 year old [about stocks]

I hear your concern. I have a few folks like that in my family; I might also have some very rigid opinions about some issues. My number one recommendation would be don't discuss politics or his beliefs. Please don't tell him he is wrong or correct him. You will shut out. Discuss the topic at hand, u...
by mighty72
Thu Apr 30, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 251
Views: 15836

Re: Coronavirus Flight Cancel Thread

Merged Cigarman's Kudos to Southwest - Travel Funds thread here
by mighty72
Fri Apr 24, 2020 10:42 pm
Forum: Personal Investments
Topic: Rethinking annuities with a strong portfolio
Replies: 30
Views: 1466

Re: Rethinking annuities with a strong portfolio

[moved to Personal Investments -mighty72]
by mighty72
Sat Apr 18, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: How to get Liquid Hand Soap? seriously.
Replies: 76
Views: 4388

Re: How to get Liquid Hand Soap? seriously.

Moved to Personal Consumer Issues forum
by mighty72
Thu Apr 16, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Pixel 3a or Wait for New Iphone?
Replies: 35
Views: 1598

Re: Pixel 3a or Wait for New Iphone?

It is more a decision which eco-system you want. Both are good options. I have 3a and I am happy with it.
by mighty72
Wed Apr 15, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Estate/Trust Attorneys: Seeking referrals
Replies: 18
Views: 999

Re: Bay Area Estate/Trust Attorneys: Seeking referrals

We used this firm a few years back. It came recommend by a couple of people at my work
https://singhlawfirm.com/
by mighty72
Mon Apr 13, 2020 8:49 pm
Forum: Personal Investments
Topic: Value Averaging Insights
Replies: 6
Views: 352

Re: Value Averaging Insights

OP, can you summarize the basic mechanics of VA? I read about it a long time ago and it involved keeping some amount of your portfolio in cash or cash equivalent when market returns exceeds your target return. Is this the case with approach described by Mr. Bernstein. If it means that you put in new...
by mighty72
Mon Apr 13, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Wine Clubs... Value? Recommendations?
Replies: 13
Views: 1197

Re: Wine Clubs... Value? Recommendations?

[moved to Personal Consumer Issues] My experience with wine clubs has been similar to earlier posts. You get some wines you like & some you don't. Also, it get a little repetitive if you are member of winery. I haven't tried a non-winery club yet. I now just order online or buy from the local store...
by mighty72
Fri Apr 10, 2020 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 621
Views: 156024

Re: Bank of America/Merrill Edge - Preferred Rewards

IIRC, we were offered to be upgraded to wealth management and we declined. Maybe just call them and ask them to remove you from wealth management and you want to self manage your Merrill Edge account
by mighty72
Fri Apr 10, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6319

Re: How long after starting investing, did you start to be happy about the power of compounding?

This is really a mathematics question. The higher your savings rate, the higher rate of return you would need to start seeing the effects of compounding. If power of compounding it means that the growth of the portfolio exceeds the money you put in then it also depends on the market behavior. I am a...
by mighty72
Thu Apr 09, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Au Pair agency recommendations
Replies: 2
Views: 359

Re: Au Pair agency recommendations

Thanks for your response, will send you a PM
by mighty72
Wed Apr 08, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: Au Pair agency recommendations
Replies: 2
Views: 359

Au Pair agency recommendations

We live in a VHCOL area in Northern CA. We have 2 kids (9 & 6) and both go to public school. As both me & my spouse work and have long hours, we are looking at childcare options. We are also a VHCON (very high cost of nanny) area. A nanny would be anywhere from $20-30/hr. After-school daycare is an ...
by mighty72
Mon Apr 06, 2020 6:24 pm
Forum: Personal Investments
Topic: Tips on how to stop checking finances too often?
Replies: 29
Views: 1457

Re: Tips on how to stop checking finances too often?

I deleted all financial apps except YNAB from my phone. I have a a separate laptop which has a separate 1password account and all financial accounts have auto-generated passwords. There is no way I can remember any of them. The laptop is one cabinet and never leaves the study room. This creates enou...