Search found 144 matches

by cogito
Tue Oct 13, 2020 11:32 pm
Forum: Investing - Theory, News & General
Topic: Yield Chasers Rejoice: Oil Stocks at 6.44% !!!
Replies: 51
Views: 4710

Re: Yield Chasers Rejoice: Oil Stocks at 6.44% !!!

Op, stay the course, god willing, if oil takes another 50% bath, the yield will double yet again! :D
by cogito
Mon Oct 12, 2020 10:05 pm
Forum: Personal Investments
Topic: How do you avoid the fomo of the tech industry right now?
Replies: 36
Views: 2918

Re: How do you avoid the fomo of the tech industry right now?

I have a few mental tricks I employ to convince myself to stay the course. 1. When my friends tell me about their TSLA gainz, I respond with "Oh yeah, I own about 3-4k worth of TSLA stock myself, how much are you in for"? Typically leads to more interesting conversations about investing philosophies...
by cogito
Sun Oct 11, 2020 9:13 pm
Forum: Personal Consumer Issues
Topic: How to introduce legos to my almost 5 year old boy?
Replies: 34
Views: 3548

Re: How to introduce legos to my almost 5 year old boy?

Really? How to introduce? You give the kid a set of Legos and tell him to have fun. Ta-da, introduction made. My almost three year old loves them, he has a bucket from which he builds basic cars and towers, and that's about it, but the whole point of Legos is that you don't have to tell a kid how to...
by cogito
Fri Oct 09, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What is your Target Savings?
Replies: 64
Views: 7887

Re: What is your Target Savings?

I have a very silly mental accounting practice that I employ. Every year I would like my net worth to go up by 100k, and then I feel like I am making genuine progress. Started 5 years ago at a net worth of 0, and so far so good. In the interim, have had two kids, bought two cars, bought a house, ch...
by cogito
Fri Oct 09, 2020 12:33 am
Forum: Personal Finance (Not Investing)
Topic: What is your Target Savings?
Replies: 64
Views: 7887

Re: What is your Target Savings?

I have a very silly mental accounting practice that I employ. Every year I would like my net worth to go up by 100k, and then I feel like I am making genuine progress. Started 5 years ago at a net worth of 0, and so far so good. In the interim, have had two kids, bought two cars, bought a house, cha...
by cogito
Thu Oct 01, 2020 12:01 am
Forum: Personal Consumer Issues
Topic: What are subscriptions that add the most value in 2020?
Replies: 93
Views: 8538

Re: What are subscriptions that add the most value in 2020?

In 2020 we cancelled Netflix and bought a Spotify family subscription. Quality of life greatly improved.
by cogito
Mon Sep 28, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 152
Views: 9400

Re: 401K Overpayment - Ex Employer Asking for Money Back

This strikes me as the kind of generic letter that gets automated and sent out to many people at once, with the past employer hoping to get at least half of the responses/money back. Most likely this happened to a few people other than yourself, and they may or may not actually intend to pursue any ...
by cogito
Mon Sep 28, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: unemployed and freaked
Replies: 15
Views: 3388

Re: unemployed and freaked

Just a point of encouragement - for someone on the younger side with mouths to feed, you should not beat yourself up for keeping a large amount of cash on hand. On the contrary, you should be comforted that you have some financial cushion, which provides time to figure things out.
by cogito
Mon Sep 28, 2020 9:55 pm
Forum: Personal Investments
Topic: RSU Exit Strategy
Replies: 17
Views: 1541

Re: RSU Exit Strategy

I would have bought into the company if I didn’t have stock already. Maybe not for the amount I have but it’s there and I feel like we have as much upside as anyone in the industry, which I own lots of our peers and will be whittling down as we get out of COVID. Afty is on to the correct answer her...
by cogito
Sat Sep 26, 2020 9:12 pm
Forum: Personal Investments
Topic: Should I make 2020 Roth IRA contributions, or wait? What have you done?
Replies: 10
Views: 1264

Re: Should I make 2020 Roth IRA contributions, or wait? What have you done?

I do have a rollover IRA with Fidelity that contains both pretax and Roth. That can't be right. You are not allowed to roll Roth contributions into a traditional rollover IRA. Do you mean your rollover IRA contains both pre-tax and after-tax (non-Roth) contributions? Or do you mean you have two acc...
by cogito
Fri Sep 25, 2020 11:40 am
Forum: Personal Investments
Topic: Should I make 2020 Roth IRA contributions, or wait? What have you done?
Replies: 10
Views: 1264

Re: Should I make 2020 Roth IRA contributions, or wait? What have you done?

I do have a rollover IRA with Fidelity that contains both pretax and Roth. Our main Roth IRAs are at Vanguard, but no traditional there. Would the Fidelity rollover IRA preclude me from doing our backdoors with Vanguard?
by cogito
Fri Sep 25, 2020 11:23 am
Forum: Personal Investments
Topic: Should I make 2020 Roth IRA contributions, or wait? What have you done?
Replies: 10
Views: 1264

Should I make 2020 Roth IRA contributions, or wait? What have you done?

So, this is definitely a good problem for us to have, but we are very close to the 196,000 Married Filing Jointly income limit to make our 2020 Roth contributions. I have waited to fill the space this year because I was not sure where we would end up. My paystub as of today shows 150,500 in taxable ...
by cogito
Thu Sep 17, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51384

Re: "What are we doing wrong and what are "THEY" doing right!?"

I have no idea what you are talking about. If I bought a share of stock and stuck the paper stock certificate under my mattress, is that productive capital? If I sell some stock and use the cash to buy a sports car, I have increased economic activity. If I sell stock and use the cash to buy more st...
by cogito
Thu Sep 17, 2020 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51384

Re: How to get over finance envy

The biggest envy I have, and I know this seems like a dig on my spouse but it isn't, are those who have "good jobs" and have spouses that also have "good jobs". I feel this. It's something that has humbled me in recent years too. I got off to a good start with no college debt and a professional car...
by cogito
Wed Sep 16, 2020 7:26 pm
Forum: Personal Consumer Issues
Topic: Good example of why I despise SiriusXM
Replies: 4
Views: 909

Re: Good example of why I despise SiriusXM

I feel for Gelo a little bit because tons of SiriusXM customers call in a fake cancel call just to be offered a better deal. That has been shared on this board many times, and I have done it as well. "I want to cancel" really means "can you give me a deal." So he was playing the game and at least y...
by cogito
Sun Sep 13, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: [Covered Call Option]
Replies: 26
Views: 1812

Re: COVERED CALL OPTION

Hi! Have never done options before, and am trying to execute a covered call option. I'm in need of assistance... Say I have 100 shares of apple and am going to do a covered call option. I say set the strike price for 130.00, my limit price for 128.00 and the duration for the week. Will there be pot...
by cogito
Thu Sep 10, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone think the market is over-inflated?
Replies: 112
Views: 8370

Re: Why does everyone think the market is over-inflated?

For ten years, I was like so many other people here, "Well the market is made up of a diverse array of rational actors, so how can I know any better?" Then I started learning about CAPE and couldn't believe my eyes. I guess everyone has just been trained not to sell no matter what, and to keep plow...
by cogito
Thu Sep 10, 2020 1:15 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone think the market is over-inflated?
Replies: 112
Views: 8370

Re: Why does everyone think the market is over-inflated?

...Personally I think that we've been in a new era for a while, and traditional metrics like PE and PB are mostly useless for valuing tech companies attempting to scale and grow in a 0% world. I tend to think that the market has been consistently under-valued, and still is. This is also a blind spo...
by cogito
Thu Sep 10, 2020 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why does everyone think the market is over-inflated?
Replies: 112
Views: 8370

Re: Why does everyone think the market is over-inflated?

Personally I think that we've been in a new era for a while, and traditional metrics like PE and PB are mostly useless for valuing tech companies attempting to scale and grow in a 0% world. I tend to think that the market has been consistently under-valued, and still is. This is also a blind spot fo...
by cogito
Sat Sep 05, 2020 11:42 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 9081

Re: Wife is "forcing" me to buy stock(s)

cheese_breath wrote: Sat Sep 05, 2020 11:40 pm Pick bad ones and lose the whole $3000. It'll be a cheap lesson in the long run.
Can you expand on this strategy? I'd like to short it. :D
by cogito
Sat Sep 05, 2020 10:54 pm
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 9081

Re: Wife is "forcing" me to buy stock(s)

OP this is an opportunity. 3k is going to be a great price for a lifelong learning opportunity. Start figuring out what's got her excited. Instead of just buying the stock, get her pumped up about short dated calls that are guaranteed to pay off 5x. Pressure her HARD to go all in, maybe even an extr...
by cogito
Sat Sep 05, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Declined 2 opportunities for advancement. Should I be trying to climb the corporate ladder or is being content okay?
Replies: 65
Views: 6148

Re: Declined 2 opportunities for advancement. Should I be trying to climb the corporate ladder or is being content okay?

To take the "pro-manager" side, being a Boglehead has given me the confidence to "try" new roles and not be panicked about it not working out. I went into management right before the pandemic, and it's a bizarre time to try to grow those skills. I still don't know if it's gonna stick, but I'm glad t...
by cogito
Wed Sep 02, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9369
Views: 747289

Re: U.S. stocks continue to soar!

A younger, unemployed friend of mine told me today that if the market continued to grow at the rate it had in August, he wouldn't need to look for work anymore. My response was that not only would he not need to look for work, within 5 or 6 years he would have over 500 billion dollars, and be the ri...
by cogito
Tue Sep 01, 2020 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 5054

Re: Can I afford to intentionally go backward in compensation?

Man, what are some of these posters talking about. You guys are multimillionaires, in what universe is dropping down to just 400kish household income an irreparable mistake? Get some perspective, your health and life is more important than anything, and you've already won the game. Do it!
by cogito
Tue Sep 01, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: When to focus on increasing income?
Replies: 41
Views: 2479

Re: When to focus on increasing income?

You sound like a smart guy. 30k is like, not even full-time at Starbucks. Have you already tried looking around in your area for a more challenging, better paying position at all? If not, have you considered pulling back from working even more and just focusing on a career that is going to pay more ...
by cogito
Tue Sep 01, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I get extended car warranty for a 2017 CPO Mazda?
Replies: 19
Views: 1153

Re: Should I get extended car warranty for a 2017 CPO Mazda?

We've had a 2016 Mazda CX-5 GT that we love. Never had a single problem. Anecdotal, sure, but part of the reason to get a reliable Japanese vehicle is so that you don't have to worry about your powertrain blowing up. Skip the warranty.
by cogito
Mon Aug 31, 2020 7:28 pm
Forum: Personal Investments
Topic: Beginner with windfall needs advice
Replies: 11
Views: 868

Re: Beginner with windfall needs advice

In planning for unforseen issues (1 year out of work?) can we use some of the dividends that are being paid to supplement our time un/underemployed? I will have almost a year of cash reserves in addition to aforementioned by the end of the year. It sounds like you are already financially independen...
by cogito
Mon Aug 31, 2020 7:08 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28325

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

I definitely wouldn't tell him to cash out, but, boglehead in me be darned, I'm gonna give in and start buying puts once the madness eventually makes its way to a Trillion in market cap.
by cogito
Mon Aug 31, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 469970

Re: Share your net worth progression

For me and my wife (31/30): 2014: -80k (Got married at 25/24, combined debt together) 2015: -57k (Discovered bogleheads) 2016: 54k (First career success, got a bonus, paid off all debt, and contributed and maxed out a 401k for the first time) 2017: 118k 2018: 203k (Changed jobs, have two kids, wife ...
by cogito
Mon Aug 31, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: So, I was playing Pickleball and Amazon sent me an offer
Replies: 87
Views: 7438

Re: So, I was playing Pickleball and Amazon sent me an offer

Targeted ads are a funny thing. Having clicked on this thread, I half expect to see ads for pickleball paddles myself.
by cogito
Fri Aug 28, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pull Out Money From 401k to Buy New Home
Replies: 20
Views: 1730

Re: Pull Out Money From 401k to Buy New Home

I will provide a counter-point - hope it helps. I did take out 50K for my mortgage. I figured that I am paying interest to myself - and I really did not want to pay PMI - and my job was pretty secure. My 401K provider did not charge any fees for the process - the interest rate was steep - but again...
by cogito
Fri Aug 28, 2020 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pull Out Money From 401k to Buy New Home
Replies: 20
Views: 1730

Re: Pull Out Money From 401k to Buy New Home

If you have to do this, 10% + PMI on a second home is not exactly wise, but is a far, far better option than cashing out retirement. Even moreso if you're in a non-recourse state, as it sounds like you're about to become doubly house-poor.
by cogito
Fri Aug 28, 2020 9:20 pm
Forum: Personal Investments
Topic: Mortgage vs. Taxable
Replies: 18
Views: 1548

Re: Mortgage vs. Taxable

Being a younger accumulator, I have the same dilemma, and am interested in replies here as well. Posters frequently talk about mortgage rates being at all time lows, but in a 0% interest world, I have a hard time explaining how my 2.875% mortgage is a great deal when measured against the risk free r...
by cogito
Fri Aug 28, 2020 9:12 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1759
Views: 228574

Re: Post your Financial Milestone Announcements Here

Wife and I (31/30) just passed 500k net worth this week. It feels like we could be further ahead when measured against other techies that post here, but we are single income in HCOL, and come from very lower-middle-class households. We are by default richer than anyone in either of our families, and...
by cogito
Fri Aug 28, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 99
Views: 13301

Re: ‘Play money’ invested by Dad growing huge - what would you do?

I would agree with what others have said to thank and congratulate your father, and then talk about cashing in his victory. Hey Dad, you've killed it, thank you, what do you think about doing A, B, and C for us and the grandkids, as a hallmark to your legacy that they will always remember. Then you ...
by cogito
Thu Aug 27, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 29982

Re: Bear Cub Smells Bubble

One of the things that has stuck with me from reading George Soros' Alchemy of Finance has been his assertion that if you can identify a bubble, you buy, not sell.
by cogito
Wed Aug 26, 2020 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7438
Views: 507778

Re: Refinance Mega Thread

Have anyone tried Navy FCU? Not that I am a member but just curious. 15 Year 2.000% rate 0.500 pt 2.212% APR I considered Navy Federal in the past, but then read the fine print which apply to the rate you mentioned: "Rates quoted above require a 1.00% loan origination fee. The origination fee may b...
by cogito
Wed Aug 26, 2020 12:14 am
Forum: Personal Investments
Topic: [Tesla - good buy after stock split?]
Replies: 34
Views: 3403

Re: [Tesla - good buy after stock split?]

Stock splits are trivial, perfunctory, unimportant. An item for a news cycle and perhaps some random daytrading, but will not impact the business prospects of the company involved (of which you are considering purchasing part ownership-stake in).
by cogito
Wed Aug 26, 2020 12:10 am
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 29982

Re: Bear Cub Smells Bubble

In other news, the sun rose and the legacy news publishers wrote stories with headlines similar to what you've got going on here. Just another day with Mr. Market :sharebeer
by cogito
Wed Aug 26, 2020 12:07 am
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 7796

Re: Low Earner... Creative ways to own a Tesla Model 3?

A few years ago I called an Uber which happened to be a Tesla (I don’t know what model/year). The driver said he was In the National Guard, wanted a Tesla and decided to be Uber driver on nights and weekends until he had the car paid off... This right here is the answer. We all know money is fungib...
by cogito
Tue Aug 25, 2020 11:12 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11893

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

Seeing all the love for 100% stock portfolios makes me nervous. I don't remember anybody pushing those portfolios in 2009. Lets be honest here, most of the 30 year olds in this thread advocating 100% equities were in the same place six months ago at the previous all-time highs, before their portfol...
by cogito
Tue Aug 25, 2020 5:55 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11893

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

We are 31/30 and after holding a few bonds for a couple years, after getting a mortgage decided to go 100% equities with a year expenses in cash. No regrets, rode through the pandemic without capitulating, and plan to stay here until 40 and reassess.
by cogito
Sun Aug 23, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: Confirming my new AMEX card nonsense.
Replies: 15
Views: 1866

Re: Confirming my new AMEX card nonsense.

These speedbumps you're having to get over are benefits, not drawbacks. Just to activate the card? Not like I was setting up online banking. Yes. Amex needs to verify that the person activating the card is same the owner of the accounts listed phone number or email address, otherwise any old scamme...
by cogito
Sun Aug 23, 2020 10:04 am
Forum: Personal Consumer Issues
Topic: Confirming my new AMEX card nonsense.
Replies: 15
Views: 1866

Re: Confirming my new AMEX card nonsense.

For the record, almost every credit card company will make you perform similar security tasks. And any password that you can remember in your head is likely a password that a thief could easily crack. These speedbumps you're having to get over are benefits, not drawbacks.
by cogito
Sat Aug 22, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 79
Views: 5362

Re: Can I afford a new car?

Yes you can absolutely afford it. Even Dave Ramsey would tell you to go for it. Make sure it's absolutely the car you want, because 40k is a lot for a Toyota. Personally, I would get a fully loaded Mazda Cx5, or a used Porsche Macan for that kind of money.
by cogito
Fri Aug 21, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: Hobbies that cost $$
Replies: 23
Views: 1914

Re: Hobbies that cost $$

All of my hobbies are cheap by bogleheads standards, but maybe not so much by the general population.

Homebrewing
3d Printing
Mountaing Biking/Powerlifting/Running

My least expensive hobby is noodling around the online world of financial optimization, in all of its forms.
by cogito
Fri Aug 21, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7438
Views: 507778

Re: Refinance Mega Thread

After locking late July, I closed Tuesday with Better, and loan funds on Monday. 0.5% fee did not pop up at any time, and when I called my closing rep ask about it to a rep, he was unaware. An interesting data point though.. several of the lenders that initially ghosted my applications (LoanCabin, O...
by cogito
Sun Aug 16, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy in the SF Bay Area
Replies: 22
Views: 2107

Re: Rent or Buy in the SF Bay Area

My gut reaction is that 255k is not even in the ballpark of being able to purchase anything decent in the Bay area.

Edit: someone is giving you 600k? Go for it.
by cogito
Thu Aug 13, 2020 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7438
Views: 507778

Re: Refinance Mega Thread

Can confirm. LoanCabin contacted me yesterday with an offer for 30 year, 2.625%, with 2000 in lender credits. Did not lock. This morning the rep emailed and said she could only offer 500 in lender credits. Sounds like they adjusted pretty quickly to that news... I assume that will happen across the...
by cogito
Wed Aug 12, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 7438
Views: 507778

Re: Refinance Mega Thread

Can confirm. LoanCabin contacted me yesterday with an offer for 30 year, 2.625%, with 2000 in lender credits. Did not lock. This morning the rep emailed and said she could only offer 500 in lender credits. Sounds like they adjusted pretty quickly to that news... I assume that will happen across the ...