Search found 1758 matches

by Starfish
Thu May 28, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: Car Issues - No Oil
Replies: 36
Views: 1644

Re: Car Issues - No Oil

I did something way worse. Back when I was younger leaving work at midnight was normal. My car had a small leak (Mazda with Ford engine, POS) very expensive to repair and every month or so I had to a add a quart of oil. One night I added oil in the company parking lot, slammed the hood and started m...
by Starfish
Thu May 28, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 46
Views: 3469

Re: Career advice for science PhD student

I could agree more with fatFIRE.
by Starfish
Thu May 28, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage rates
Replies: 15
Views: 1590

Re: mortgage rates

Crazy prices.
You should only look at mortgages at NO cost, NO points.
I am getting 2.99% with owning.com but I understand they operate only in California and is conforming loan.
by Starfish
Thu May 28, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

All this obsession over elite schools. Has anyone considered the research that says that for most people it doesn't matter where you go to school or to college? e.g. https://scholar.harvard.edu/files/fryer/files/dobbie_fryer_shs_07_2013.pdf https://www.nber.org/papers/w17159 There are others too. T...
by Starfish
Thu May 28, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Bay Area resident and private school dad here so speaking from personal experience. Challenger and Stafford are hugely popular among Asian immigrants but I would advice you to stay away from them. I toured them extensively (multiple branches, multiple times) a few years ago when we were considering...
by Starfish
Wed May 27, 2020 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good" school. Elementary ...
by Starfish
Wed May 27, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Is 2%. 1% is the general definition of rich. But the main issue arises from using the same definition everywhere. 100k/year is a 3 bedroom house, 2000 sq ft. Say 1.5 million, jumbo loan, 1% tax, insurance, maintenance etc.Yes, it's part of the net worth but it is a normal house. Otherwise I find mi...
by Starfish
Wed May 27, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Can those who are actually familiar with the Bay Area suggest where the OP should move to to get access to the "good" public schools? And how much it would cost to buy into those areas? I live in San Mateo, my house is $1.9M and my public high school is nowhere close to a "good" school. Elementary ...
by Starfish
Wed May 27, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Pew center ca define the words in any way they want because it is not linguistics body. It has nothing to do with the dictionary meaning. If you want to idiosyncratically define middle class as including the top 1%, then the middle class live luxurious lifestyles, far above the normal standard of l...
by Starfish
Wed May 27, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique. Other geographic input is more noise than signal since people don't understand that income is basically "middle class", more or less depending on...
by Starfish
Wed May 27, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

Pew center ca define the words in any way they want because it is not linguistics body. It has nothing to do with the dictionary meaning.
by Starfish
Wed May 27, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

These school threads always go like this. If I were the OP, I'd ask for input mainly from folks familiar with the Bay Area since the dynamics are unique. Other geographic input is more noise than signal since people don't understand that income is basically "middle class", more or less depending on...
by Starfish
Wed May 27, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

I completely agree with the idea that the entourage is very important (maybe most important). This is why I think the "diversity" idea is very damaging for kids with potential. You want the best, not the best. Unlike stocks, kids are much easier to rank. But what guarantees that private school has ...
by Starfish
Tue May 26, 2020 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

I completely agree with the idea that the entourage is very important (maybe most important). This is why I think the "diversity" idea is very damaging for kids with potential. You want the best, not the best. Unlike stocks, kids are much easier to rank. But what guarantees that private school has ...
by Starfish
Tue May 26, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

I was a public school kid in a very very very humble system. I’m pretty sure less than 25% of my high school went on to higher education. And what's funny is that you are now widely successful in the top 1% of earners in the U.S. So did a humble public school system really hold you back? Seems like...
by Starfish
Tue May 26, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

By comparison my kid goes to a 10/10 public school and it's pretty bad. He finished second grade and they are not even learning multiplication. Multiplication is in the 3rd grade curriculum pretty much everywhere. None of my kids learned multiplication until the third grade. 2 are now SDE’s at FAAN...
by Starfish
Tue May 26, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

OP: If your child is bright And inquisitive , you might consIder surrounding him with others with the same qualities. In a public school, you are at risk of regression toward the mean, and that mean may be well below your child’s abilities. This really is not a question of keeping up the the Jonese...
by Starfish
Tue May 26, 2020 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates headed lower?
Replies: 60
Views: 6178

Re: Mortgage rates headed lower?

Honestly, I'm more than a bit befuddled as to why mortgage rates aren't lower than they are. Initially, I heard that lenders were so busy doing refinances that they had no need to lower their rates further, but I didn't know that the mortgage space was so tight that virtually no lenders would push ...
by Starfish
Tue May 26, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 226
Views: 10262

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

First of all, the real winners go to Harker :D I have a friend with a kid in Challenger and it has it's own problems. Classes in his particular school are very small, there are not enough people to find compatible friends. He believes that sooner or later he will have to transfer his kid to a public...
by Starfish
Mon May 25, 2020 11:58 pm
Forum: Personal Consumer Issues
Topic: Develop scotch/wine palate quickly and effectively
Replies: 31
Views: 2447

Re: Develop scotch/wine palate quickly and effectively

So you are enjoying cheap wine and scotch now.
You want to put effort, time and money to become a snob and enjoy only expensive stuff so you can spend more in the future. :oops:
:D
by Starfish
Fri May 22, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2467

Re: Potential relocation, how concerned should I be with a 4/10 school?

I don't believe the ratings. My kids school is a 10/10 and it is terrible. Level is very low and undemanding. Kids can a lot more but they are not asked to do that much. I friends with kids in lower rated schools and they don't seem worse. Actually it is better in some respects. In my area most paid...
by Starfish
Tue May 19, 2020 1:53 am
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1398

Re: RSUs [how long to hold]

RSUs are cash! There is no difference, it's like a bonus.
Holding them is like buying your employer stock. Generally not the best idea.
by Starfish
Sun May 17, 2020 9:29 pm
Forum: Personal Consumer Issues
Topic: June vacation
Replies: 21
Views: 2288

Re: June vacation

I think the reality is that, for OP and many other Americans contemplating international travel, the decision will be made for you by travel restrictions imposed by the authorities in your destination. As the U.S. has a significantly higher rate of infections and fatalities than most other develope...
by Starfish
Sun May 17, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Not Driving much - Cancel full coverage on car insurance and get liability only - Good idea?
Replies: 11
Views: 1326

Re: Not Driving much - Cancel full coverage on car insurance and get liability only - Good idea?

I think dropping collision and comprehensive is a good idea. I don’t carry those on my three cars. My fanciest car is a 2017 Ford Taurus. I thought so too, but after some events I am not so sure anymore. If somebody hits you and they are at fault and you do not gave full coverage then you have to d...
by Starfish
Sun May 17, 2020 5:13 pm
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 27
Views: 2346

Re: Anyone booking flights for 2021 travel?

There is no cheap insurance that works for high probability events. The probability to have travel concealed is in tens of percents nowadays. As such this is the price for insurance, tens of percents of insured cost. When the cost/probability is so high, insurance does not make sense anymore. You ar...
by Starfish
Sat May 16, 2020 2:00 am
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 47
Views: 3362

Re: The Mighty USD

And how does the government know that KlangFool has gold?
Oh wait, he wrote it himself on a forum :)
by Starfish
Thu May 14, 2020 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9749

Re: $2 million dollar house pre requisites

If someone wanted to buy a $2 million dollar house in a HCOLA, what would be the pre requisites needed in order to gain the boglehead Seal of approval ? That someone will need 2 million cash, so he can buy house cash with no mortgage. Of course, becuase nobody takes a mortgage, it is unheard for. I...
by Starfish
Wed May 13, 2020 9:06 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10795

Re: Dentist charges $10 for PPE

If the way things work now is an indication, the cost of services will increase a lot, not only 10$.
by Starfish
Mon May 11, 2020 6:09 pm
Forum: Personal Investments
Topic: Which variable withdrawal strategy?
Replies: 13
Views: 864

Re: Which variable withdrawal strategy?

WR of >4% (taxes?) at 37 seems very risky to say the least.
Taking in account the possibility for expenses to increase over time (family, health etc) makes things worse.
by Starfish
Sat May 09, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 9749

Re: $2 million dollar house pre requisites

Based on spending no more than 3 years annual income on a house, that means income should be 1/3 of purchase price or around 667,000. If one doesn't work/retired, then should have net worth/assets worth 16.675 million as that gives the 667k at a 4% safe withdrawal rate of portfolio. That's novel. I...
by Starfish
Sun May 03, 2020 5:02 pm
Forum: Personal Consumer Issues
Topic: Spending advice for younger kids?
Replies: 13
Views: 1257

Re: Spending advice for younger kids?

I don't think there is anything to gain from working low level jobs but there is a lot to lose. Life time when one is young is very special from any point of view and it will never come back, wasting it on flipping hamburgers is a terrible idea. These two sentences say it all. We have two diametric...
by Starfish
Sun May 03, 2020 4:23 pm
Forum: Personal Consumer Issues
Topic: Spending advice for younger kids?
Replies: 13
Views: 1257

Re: Spending advice for younger kids?

I also intend to discourage or ban completely work for money during formative years (school, college etc). Why would you possibly want to do this. Sure, it makes sense to encourage them to limit the number of hours worked and how to have work not interfere with their primary "job" of getting the be...
by Starfish
Sun May 03, 2020 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where to buy a home in the Bay Area
Replies: 69
Views: 7755

Re: Where to buy a home in the Bay Area

rage_phish wrote:
Sat May 02, 2020 4:16 pm
Starfish wrote:
Mon Apr 27, 2020 7:57 pm
rage_phish wrote:
Mon Apr 27, 2020 9:11 am
I’m biased but there’s no other place in the world I’d rather live than Walnut Creek

In the world? No less?
Yes.
You might want to elaborate.
I wouldn't put WC in the top 3 places in BA, and I wouldn't even dream of ranking BA somewhere in the top 3 places in the world...
by Starfish
Sat May 02, 2020 2:06 am
Forum: Personal Consumer Issues
Topic: Why doesn't Porsche have better resale value?
Replies: 50
Views: 5389

Re: Why doesn't Porsche have better resale value?

To me Porsche is special because is the only company who managed to make a very very ugly sports car :oops:
That makes is so unique.
by Starfish
Sat May 02, 2020 1:30 am
Forum: Personal Consumer Issues
Topic: Spending advice for younger kids?
Replies: 13
Views: 1257

Re: Spending advice for younger kids?

My kid is 8. I would never pay for homework or chores. This is part of life, they have to be done without pay, either for training or as a contribution to the household. I do not want to make it easier for me and do lazy parenting by paying. I also intend to discourage or ban completely work for mon...
by Starfish
Fri May 01, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to lower tax on short term capital gains. Do conservation easements work?
Replies: 136
Views: 8881

Re: Trying to lower $800k tax on short term capital gains. Do conservation easements work?

What is a DAF? Thanks! I have also been looking into opportunity zone projects Look up Donor Advised Fund - DAF . you contribute money now, write it as charitable donation (which it is) and then get to donate it to qualified charities (based on causes you support) over time. probably your best bet ...
by Starfish
Fri May 01, 2020 9:53 pm
Forum: Personal Investments
Topic: Why are individual stocks so contrary?
Replies: 12
Views: 1182

Re: Why are individual stocks so contrary?

Since 1926 only 4% of all the stocks (about 1000 out of 26,000) have created all the value in the stock market. Of the 96% that created no value of the stock market since 1926, half of them actually did worse than a riskless asset, a t-bill. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=29004...
by Starfish
Fri May 01, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who owns the IP - School or Me?
Replies: 23
Views: 2540

Re: Who owns the IP - School or Me?

I am no lawyer but the common sense tells me that you own nothing here. You have IP when you have a patent. But even if you apply for a patent, it is possible that your work in school is anyway school's property (at least partially). For sure this is true if you receive any kind of financial aid, la...
by Starfish
Thu Apr 30, 2020 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7149

Re: How do you explain no COVID19 Stimulus Payment?

I just don’t get why being able to find out how much money a friend makes her/him more of a friend. Someone who won’t tell you their salary doesn’t meet your minimum requirements for friendship? People who are friends (I mean REAL friends not aquitances) know pretty much everything about each other...
by Starfish
Thu Apr 30, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7149

Re: How do you explain no COVID19 Stimulus Payment?

I just don’t get why being able to find out how much money a friend makes her/him more of a friend. Someone who won’t tell you their salary doesn’t meet your minimum requirements for friendship? People who are friends (I mean REAL friends not aquitances) know pretty much everything about each other...
by Starfish
Thu Apr 30, 2020 5:30 pm
Forum: Personal Consumer Issues
Topic: Why doesn't Porsche have better resale value?
Replies: 50
Views: 5389

Re: Why doesn't Porsche have better resale value?

tvubpwcisla wrote:
Thu Apr 30, 2020 3:24 pm
I was looking at new Porsche's (Cayenne, Macan) along with some used ones. It seems like the Porsche resale value is not as good as Toyota or Honda. Does anyone know why? My best guess is because they are expensive to repair and maintain?
Those are not Porches. Those are Volkswagens.
by Starfish
Wed Apr 29, 2020 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7149

Re: How do you explain no COVID19 Stimulus Payment?

I would just tell the truth and not be evasive. Honesty is the best policy. QQ here. Why be honest with people who are so nosy.? Ding, ding, ding! I can't believe how many people are suggesting providing an answer of any kind to such rude people. Do you also give them an honest answer when they ask...
by Starfish
Wed Apr 29, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7149

Re: How do you explain no COVID19 Stimulus Payment?

Our income was/is too high for a COVID19 Stimulus payment, we don't mind not qualifying and we're in great financial shape (likely none of our friends or relatives are aware of that). We don't begrudge those that are eligible to receive them. That said we do get some inquiries and innuendo from fri...
by Starfish
Tue Apr 28, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1429
Views: 319920

Re: Best watch for around $5,000?

I'm not to keen on spending money on "status." Neither am I. But my principle is to maximize happiness per $ spent, because I have a limited amount of $. I understand that some people are happy when they receive other people's admiration. A while ago I thought this is kind of lame but then I realiz...
by Starfish
Tue Apr 28, 2020 10:46 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1429
Views: 319920

Re: Best watch for around $5,000?

IMHO for a watch the only value is in aesthetics, because I personally find no value in its function (even smart watches are completely useless for me). IMNSHO for a watch the only value is its ability to tell time accurately. More answers, more confusion. 1. You looked at the subject line, I assum...
by Starfish
Tue Apr 28, 2020 1:14 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1429
Views: 319920

Re: Best watch for around $5,000?

Those people would be best equipped to understand the discussions here. But it doesn't seem to be the case. In my opinion a 50$ watch is a downgrade from no watch. No point in wearing it. Why would I put on my wrist an ugly chunk of rubber, plastic and cheap low quality metals? It provides no funct...
by Starfish
Tue Apr 28, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 226
Views: 31077

Re: Car Dealers not really wanting to make a deal

heard an ad on the radio this morning from a large local dealer offering a new program "fully online" purchase. "no need to step foot on the dealer lot" I can't imagine dropping $30k on a vehicle without at least test-driving it...but maybe some people will? Although I test drove all the cars I bou...
by Starfish
Tue Apr 28, 2020 2:29 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128940

Re: Coronavirus (Consumer Issues) How you are preparing?

Now I am dreaming of steak tartar.
by Starfish
Tue Apr 28, 2020 2:26 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1429
Views: 319920

Re: Best watch for around $5,000?

Because some people LIKE to wear a watch, even an inexpensive one. Those people would be best equipped to understand the discussions here. But it doesn't seem to be the case. In my opinion a 50$ watch is a downgrade from no watch. No point in wearing it. Why would I put on my wrist an ugly chunk of...
by Starfish
Mon Apr 27, 2020 11:02 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19840

Re: Why am I even saving for retirement?

If we quit working today, we'll receive $45k in SS at age 70 If we work 10 more years (and retire at age 45), we'll receive $75k in SS at age 70 If we work 25 more years (and retire at age 60), we'll receive $94k in SS at age 70 You've only been working about 15 years so far. Since SS is based on y...