Search found 6436 matches

by KyleAAA
Fri Jun 22, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 122
Views: 7643

Re: What is/ was your career and would you recommend it now?

Software Engineer. It used to be a great gig. It was like getting paid to play. Lately, not so much. :( Wage busting, glass ceiling, ageism, offshoring, deteriorating working conditions ... now its a meh job. :( :( Some software work is cutting edge, glamorous, and exciting. It is even rumored to b...
by KyleAAA
Fri Jun 22, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 1897

Re: What do we mean when we say "HCOL vs LCOL" location?

For me I guess it's mostly about real estate. If an unrenovated 1950s ranch in a just-okay location in a just-okay school district sells for $1mm, you're in a HCOL area. That federal locality calculator strikes me as borderline ridiculous. I moved from a MCOL to a HCOL area recently and they are sho...
by KyleAAA
Thu Jun 21, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 122
Views: 7643

Re: What is/ was your career and would you recommend it now?

Software engineering/management. Highly recommend if you enjoy it, but don't go into it just for the money or you might be miserable.
by KyleAAA
Wed Jun 20, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13323

Re: Oh my! Cardone says we need $10m net worth

It's not judgement, it's statistics. 68% of Americans live paycheck to paycheck. 65% can't come up with $1000 right away (without borrowing it or putting it on a credit card) in the event of an emergency. Half don't have any retirement savings. And NONE of that applies to a person pulling $60k from...
by KyleAAA
Wed Jun 20, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging small cap value in taxable
Replies: 3
Views: 242

Re: Dollar cost averaging small cap value in taxable

IJS has been quite tax efficient in the past and will probably continue to do so. I would feel comfortable holding it in taxable. VTI might be slightly better in taxable but not by a significant amount.
by KyleAAA
Tue Jun 19, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4027

Re: Shorting Amazon

Bad idea IMO. So long as Amazon's cloud division continues to grow at an insane rate, the stock will continue to over-index on that. And we are in inning 1 or 2 at most in the cloud transformation game, so it isn't going to slow down anytime soon.
by KyleAAA
Mon Jun 18, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29298

Re: Why pay cash for a car?

If the rate is low enough to be attractive, it is being subsidized by the auto maker. If you go all cash, you can get some of that subsidy in the form of a price reduction. This is a very accurate statement. Anything less than a 4% offer on financing from a dealer is “probably” subsidized. I have a...
by KyleAAA
Mon Jun 18, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Battle Of Passive Strategies
Replies: 62
Views: 5590

Re: Larry Swedroe: The Battle Of Passive Strategies

I agree with the article's conclusion that so far, results have supported his book's contention that: 1) passive beats active; and 2) tilting towards size and/or value is superior to Total Stock Market. What I'm unclear about in his article is that he also pushes the case that using DFA funds to ti...
by KyleAAA
Fri Jun 15, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13323

Re: Oh my! Cardone says we need $10m net worth

What exactly about his advice is wrong? Indeed, this article could be described as fairly bogleheadish even though he advocates a much less traditional investment strategy. He doesn't say anyone NEEDS $10 million, he says thereabouts is the threshold that most people can live a life of financial ind...
by KyleAAA
Tue Jun 12, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Websites As Investment Vehicles?
Replies: 13
Views: 913

Re: Websites As Investment Vehicles?

You’re missing the risk. I’ve owned a lot of websites and at one point was making close to 6 figures from them. There were multiple google updates that dropped my income by 80% overnight along the way, and it took a lot of effort to attempt to get back to where I was. But you said it yourself, “tim...
by KyleAAA
Sun Jun 10, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

Do you really want to get into nitty gritty technical details of what constitutes a “platform” and how one migrates between them? If you haven’t built and migrated between systems like his you probably won’t understand why I didn’t contradict myself. Yes, please explain how you haven't contradicted...
by KyleAAA
Sun Jun 10, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Websites As Investment Vehicles?
Replies: 13
Views: 913

Re: Websites As Investment Vehicles?

Business. they are MUCH riskier than stocks, for the most part, and are never truly passive if you want to maintain them as income streams. They have nothing in common with investments as we would describe them and their valuations reflect that. How so? I can acquire a website for a year through Go...
by KyleAAA
Sun Jun 10, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

I’m not sure how you would know that they can or cannot get rid of the mutual fund platform. Certainly I can think of a number of ways to approach it technically and I’ve been involved in such projects in the past. I doubt there even exists 2 discrete platforms as such at this point. Why would I ta...
by KyleAAA
Sun Jun 10, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Websites As Investment Vehicles?
Replies: 13
Views: 913

Re: Websites As Investment Vehicles?

Business. they are MUCH riskier than stocks, for the most part, and are never truly passive if you want to maintain them as income streams. They have nothing in common with investments as we would describe them and their valuations reflect that.
by KyleAAA
Sun Jun 10, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

People are making things up and nit-picking about inconsequential changes in order to try to justify keeping archaic mutual fund platforms. We have a mid 7 digit amount in Admiral class shares, with low 7 digit capital gains. My wife’s employer “grandfathered” Vanguard mutual fund only accounts, bu...
by KyleAAA
Sun Jun 10, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Diversification - General Advice Wanted
Replies: 38
Views: 1709

Re: Portfolio Diversification - General Advice Wanted

No, this is a horrible portfolio. What people are getting at with the LifePath question is, they are meant to be one-stop portfolios. Why would you buy more than one and then buy all those other funds on top of it? It makes no sense. Just the one fund by itself is a complete and diversified portfoli...
by KyleAAA
Sat Jun 09, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry

Kyle, I imagine all Vanguard customers have a choice. Unfortunately, for some employed in the financial services arena, the only choice would be to move out of Vanguard. IF I had not retired from Mega bank/broker, that's what I would have to do because Vanguard is not on their 'approved' list of br...
by KyleAAA
Sat Jun 09, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

Maybe my choice of the word "platform" was imprecise. I was thinking of the investor having to have a different "account" for each mutual fund on the old "platform" and only one account on the brokerage "platform". I assumed that the computer software was different for each. Maybe that's not correc...
by KyleAAA
Sat Jun 09, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry

Relax. Merging everyone onto a single platform will allow Vanguard to save money on support and maintenance costs and lower our expense ratios even more. Respectfully disagree - strongly - for a variety of reasons: - people like specific features in old (or new), - upgrading might disrupt ones abil...
by KyleAAA
Sat Jun 09, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry

Relax. Merging everyone onto a single platform will allow Vanguard to save money on support and maintenance costs and lower our expense ratios even more. Respectfully disagree - strongly - for a variety of reasons: - people like specific features in old (or new), - upgrading might disrupt ones abil...
by KyleAAA
Sat Jun 09, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5375

Re: Another home thread: 2mil / 40K in taxes

How do you have a combined income of 800k-1.1mill but only have 2mill saved? You should not be purchasing a 2Mill home. You can’t afford it, even if you buy it cash. OP could have only recently started earning that much. If I started making $1mm per year 3 years ago there’s no way I’m going to have...
by KyleAAA
Sat Jun 09, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5375

Re: Another home thread: 2mil / 40K in taxes

I’m guessing either tech in San Francisco or finance in New York at those TC numbers. At $800-1000k I’d say you can easily afford a $2mm house with a 20% down payment. At $600k I’d still say yes but you’ll be house poor. I’d be inclined to be more conservative to the extent your compensation is equi...
by KyleAAA
Fri Jun 08, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6250

Re: Expensive house in HCOL area

I still don't see how one can "profit" from an increase in home value other than selling it. I'm sure they plan on selling their home eventually (average American moves 11 times in their life) and if the loans are not paid off by then they can use some of the proceeds from the house sale. If they d...
by KyleAAA
Fri Jun 08, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 222
Views: 31304

Re: Vanguard upgraded my accounts - angry

Relax. Merging everyone onto a single platform will allow Vanguard to save money on support and maintenance costs and lower our expense ratios even more. Respectfully disagree - strongly - for a variety of reasons: - people like specific features in old (or new), - upgrading might disrupt ones abil...
by KyleAAA
Sun Jun 03, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6250

Re: Expensive house in HCOL area

You should be able to save 30%+ of your income every year with the $1.2mm house at today’s interest rates. You aren’t at all borderline. I’m assuming you’re in tech on the west coast?
by KyleAAA
Sat Jun 02, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Diversifying from Amazon stock - help!
Replies: 19
Views: 2112

Re: Diversifying from Amazon stock - help!

You pay income tax on the value at vest date for RSUs, so there’s no tax advantage to holding them. Yes, sell all vested shares immediately. Amazon is very generous with stock, so there’s more where that came from. Again, sell IMMEDIATELY.
by KyleAAA
Sat Jun 02, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 7365

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

I am in engineering management at one of the tier 1 companies you mentioned. You’ll need to constantly refresh your skills and work independently. As a senior engineer or data scientist you’ll be expected to lead by influence and wrestle with complex problems without much guidance. You won’t be give...
by KyleAAA
Sat Jun 02, 2018 12:43 am
Forum: Personal Consumer Issues
Topic: Microsoft Edge versus Chrome
Replies: 27
Views: 1688

Re: Microsoft Edge versus Chrome

Chrome sends all your data and search activity to google, edge sends it to Microsoft. Which company would you rather have your data? As browsers, they are both adequate.
by KyleAAA
Thu May 31, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo vs mountain cabin investment property
Replies: 30
Views: 2531

Re: Beach condo vs mountain cabin investment property

Is there a reason you wouldn't want to buy a rental property closer to where you live? Is it because you plan to use it as a vacation home as well? I'd be more likely to beef up my taxable account than either.
by KyleAAA
Mon May 28, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29298

Re: Why pay cash for a car?

I financed my first car loan to build up my credit rating. I'm dating myself here, but I think I paid 10% :!: or so, and was happy to get that rate. After a year or so, I figured my credit was as improved as it was going to get, so I paid it off. At the time, it was considered savvy to finance a ca...
by KyleAAA
Fri May 25, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2695

Re: Folks, I'm calling the Tops for Bay area RE market

I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 8-10% per ...
by KyleAAA
Fri May 25, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2695

Re: Folks, I'm calling the Tops for Bay area RE market

I can see a flattening of appreciation rates. I don't see prices going down significantly in markets like SF unless there's a big downturn in tech. There's just too much money floating around and job creation is still strong. If history has told us anything, it's that RE markets CAN grow 6-8% per ye...
by KyleAAA
Wed May 23, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Microcap Stock Screener
Replies: 21
Views: 1642

Re: Microcap Stock Screener

Are those factor loadings? How did you get such high exposure to both value and momentum at the same time? They usually dilute each other. Doesn’t smell quite right.
by KyleAAA
Mon May 21, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

The bottom line, once again, is that just because some talented people can command 200k+ doesn't mean most will. They don't command $200k in SALARY. They command $200k in TOTAL COMPENSATION, including equity. I am not sure why I have to keep repeating myself on this point. Companies aren't paying t...
by KyleAAA
Mon May 21, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. Op, please allow me to be about the seventeenth experienced software engineer with a CS degree in this thread to try to dispel your illusion of making $200K+ off a BS in Computer Science, for the vast majority of reasonable jobs...
by KyleAAA
Sun May 20, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

The following companies in the boston area will absolutely go to 200k+ for experienced engineers: We could argue this all day but that wont accomplish much. 200+ is POSSIBLE at some of those companies for folks at the Senior/Principle/Fellow level with 10-20 years of experience and/or a masters+. B...
by KyleAAA
Sun May 20, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Does your value fund own the wrong value stocks?
Replies: 25
Views: 3023

Re: Does your value fund own the wrong value stocks?

Most of the value indices followed by recommended funds, including VBR and IJS, use multiple filters for value and not just P/B for this exact reason. I would say this is pretty much a non-story for factor investors.
by KyleAAA
Sun May 20, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

I guess it depends on your definition of "lots". Maybe if you work at Google or Facebook in Silicon Valley. I live in a very large city and there are almost no development/engineering IT jobs that pay $200k. On the other hand, it is still a good degree/field especially if you only want to get an un...
by KyleAAA
Sun May 20, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

How much longer do people think the high pay in software engineering will continue? I guess the best indicator is the price of QQQ. Any good data on total compensation over the past 15-20 years? Curious exactly how big is the bubble. I don’t see it slowing down anytime soon. Software can be an insa...
by KyleAAA
Sun May 20, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. I guess it depends on your definition of "lots". Maybe if you work at Google or Facebook in Silicon Valley. I live in a very large city and there are almost no development/engineering IT jobs that pay $200k. On the other hand, i...
by KyleAAA
Sat May 19, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. I guess it depends on your definition of "lots". Maybe if you work at Google or Facebook in Silicon Valley. I live in a very large city and there are almost no development/engineering IT jobs that pay $200k. On the other hand, i...
by KyleAAA
Sat May 19, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2669

Re: Wife Retiring hesitant to roll-over funds to Vanguard

Both Schwab and Fidelity offer excellent index funds and are far better as actual brokerages. I see no reason to argue the point.
by KyleAAA
Fri May 18, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 7109

Re: Allocation to combine Dave Ramsey and Vanguard?

It's a very aggressive portfolio but it's not bad. I wouldn't recommend this for anybody near retirement unless you were EXTREMELY wealthy already.
by KyleAAA
Wed May 16, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

Has anybody suggested becoming an NFL or NBA player? Or may be a rock star musician? How about becoming best paid Hollywood actor? How is it any different than throwing out $300K computer science engineer job suggestions for OP? Sometimes, this forum drops its collective intelligence very low. A $3...
by KyleAAA
Wed May 16, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

It depends on where the $400k number comes from. If it's based on this valuation of the company at the last fundraising round, I would consider your method mostly accurate, but would discount for liquidity if a non-public company. It is stock in a publicly traded company. The rule of thumb is that ...
by KyleAAA
Wed May 16, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

People just refuse to believe software engineering is high paying. I trust the BLS data. It amazes me people will treat their personal salary or job offers as more authoritative than the government's infinitely larger data set or assert with zero evidence BLS miscategorizes non-software developers ...
by KyleAAA
Wed May 16, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

A $300k software engineer job is reasonably attainable (eventually) for your average software engineer from an average school. An NBA career isn't. But is it reasonably attainable for a guy who says math is his worst subject? I'll accept that software is high paying, but how's that work for a guy w...
by KyleAAA
Wed May 16, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

Yes, it is absolutely reasonably attainable for somebody who is bad at math. The day-to-day of a software engineer doesn't require any math, and many of these people don't have a computer science or engineering degree (theater and music majors are not uncommon IME). Hmmm. Ok, I'm not a CS guy and h...
by KyleAAA
Wed May 16, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

I guess we have our solution. The OP should get a bachelors degree in whatever they want, theater, music, etc. Then, just get hired as a software engineer in Silicon Valley. Pretty soon, $300k. Done and done. If by "pretty soon" you mean 20 years of hard work, sure. Nobody said it was quick or easy...
by KyleAAA
Wed May 16, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24258

Re: Lucrative careers?

A $300k software engineer job is reasonably attainable (eventually) for your average software engineer from an average school. An NBA career isn't. But is it reasonably attainable for a guy who says math is his worst subject? It seems like people have something against software engineers making goo...