Search found 132 matches

by X528
Thu Oct 15, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 78
Views: 6919

Re: What are the financial risks of not owning a house?

If you just decide to never own a house (or any real estate) long term, is that a risky proposition? Thank you. See this book: The Wealthy Renter: How to Choose Housing That Will Make You Rich by Alex Avery: https://www.amazon.com/Wealthy-Renter-Choose-Housing-That/dp/B089DK8CGF/ref=sr_1_1?dchild=1...
by X528
Thu Oct 08, 2020 10:49 am
Forum: Personal Investments
Topic: Life Strategy Fund Tax Implications
Replies: 31
Views: 2408

Re: Life Strategy Fund Tax Implications

I was hoping that Vanguard could offer tax-managed versions of their Life-Strategy funds for taxable accounts, namely the moderate growth (60/40 stock/bond allocation) (VSMGX). I think a product like that would be a real winner.
by X528
Wed Oct 07, 2020 1:58 pm
Forum: Personal Investments
Topic: Life Strategy Fund Tax Implications
Replies: 31
Views: 2408

Re: Life Strategy Fund Tax Implications

Here is how I would find this out. 1. Look up LifeStrategy fund at Vanguard. I found the LifeStrategy Moderate Growth fund at this link: https://investor.vanguard.com/mutual-funds/profile/VSMGX 2. I click on the Price/Performance tab and find that the NAV yesterday was about $30 a share. 3. I calcu...
by X528
Fri Oct 02, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Law Firm/IP/Patent
Replies: 15
Views: 1636

Re: Moving to Law Firm/IP/Patent

Try working either as a patent agent for a law firm or university tech transfer office, or as a patent examiner at the U.S. Patent Office first. Neither option requires a JD degree and you can see if the work suits you before committing to the time and expense of getting a JD degree which can be sub...
by X528
Wed Sep 30, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay for healthcare (50-65 year olds)
Replies: 83
Views: 8817

Re: How much do you pay for healthcare (50-65 year olds)

How much do retired federal employees pay for healthcare? Are the fees and benefits the same or different in retirement for retired federal employees?
by X528
Wed Sep 30, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Law Firm/IP/Patent
Replies: 15
Views: 1636

Re: Moving to Law Firm/IP/Patent

Read this blog first before thinking of going to law school:

https://outsidethelawschoolscam.blogspo ... t-but.html
by X528
Fri Sep 25, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tech/IT to govt jobs
Replies: 68
Views: 4968

Re: Tech/IT to govt jobs

The Feds will not be close to competitive on salary. I don't know about their rates in the Bay Area, but in DC metro top of a grade 15 is about 170K. For budget issue analysis, the feds figure employee total cost is 122% of salary, benefits being a 22% ad on. You can use the calculator below to det...
by X528
Sun Sep 06, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 12905

Re: Buying vs. Renting Principles (Sticky Thread Request)

Check out this book by Alex Avery: The Wealthy Renter.

https://www.amazon.com/Wealthy-Renter-C ... 064&sr=8-1
by X528
Wed Aug 19, 2020 7:30 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving Seattle or Vancouver, WA
Replies: 88
Views: 6356

Re: Thinking of moving Seattle or Vancouver, WA

Lived in the Seattle Metro Area for 15 years. I travel extensively for work and have found over 10 years of doing so that I would truly rather be nowhere else. Some tangible things; Access to amenities, world class healthcare and education, vibrate economy, clean air, clean water, progressive socia...
by X528
Wed Aug 19, 2020 3:49 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving Seattle or Vancouver, WA
Replies: 88
Views: 6356

Re: Thinking of moving Seattle or Vancouver, WA

What about Camas, Washington? It's in southern Washington state (a no income tax state), near the border with Portland, Oregon (a no sales tax state). It's where I live, and we love it here. A lot of people are here for the schools though and our taxes are always getting higher. The OP will get mor...
by X528
Wed Aug 19, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving Seattle or Vancouver, WA
Replies: 88
Views: 6356

Re: Thinking of moving Seattle or Vancouver, WA

What about Camas, Washington? It's in southern Washington state (a no income tax state), near the border with Portland, Oregon (a no sales tax state).
by X528
Tue Aug 18, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: "The Great American Bond Bubble" by Jeremy Siegel And Jeremy Schwartz
Replies: 54
Views: 3726

Re: "The Great American Bond Bubble" by Jeremy Siegel And Jeremy Schwartz

Vanguard Total Bond market Index fund (VBTLX) is up 7.10% year-to-date. Even with a current low yield of 1.14%, this fund is still able to give a decent return IMHO for a bond fund that is mostly government and treasury bonds and it's low risk profile. https://investor.vanguard.com/mutual-funds/prof...
by X528
Wed Aug 12, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Books that changed your life
Replies: 242
Views: 22906

Re: Books that changed your life

The Manipulated Man by Esther Vilar.
The Predatory Female by Lawrence Shannon.
From Courtship to Courtroom: What Divorce Law is Doing to Marriage by Jed Abraham.
by X528
Thu Aug 06, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 13998

Re: Tired Lawyer, Need career and life advice

Keep in mind that "lawyers" are not fungible. A personal injury attorney couldn't just step in and do a corporate tax gig just as an pediatrician couldn't step in as a radiologist. Granted, the $300k in-house gig is a good place to be within the profession, but most of the people with those gigs cou...
by X528
Sun Aug 02, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 571
Views: 87759

Re: Losing a job in your 50's...

When I was in my 20s in IT, I thought nearly all of the folks in their 50s were dinosaurs that needed to be eliminated. They could not or would not learn anything new. They wanted to do things the old way. Now that I'm nearing the 50s, I can freely admit I'm a dinosaur too that is not motivated to ...
by X528
Fri Jul 31, 2020 7:40 pm
Forum: Personal Consumer Issues
Topic: What precautions are other universities taking?
Replies: 26
Views: 1397

Re: What precautions are other universities taking?

Have any major universities laid-off or furloughed tenured faculty?
by X528
Thu Jul 16, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tired Lawyer, Need career and life advice
Replies: 106
Views: 13998

Re: Tired Lawyer, Need career and life advice

Lawyers are a dime-a-dozen. Good lawyers aren’t. And those who earn $300k+ are generally pretty good lawyers. Sorry, but yes good lawyers are plentiful. The US graduates 2x the number of lawyers actually needed every year. The T14 keeps cranking out really smart attorneys every year. Plenty of Big ...
by X528
Mon Jul 13, 2020 11:32 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 521
Views: 21775

Re: How is this possible -- stock market continues to soar.

OP, Close to 50 million unemployed and the stock market is soaring. Yes, the market is irrational. As long as someone is not 100% stock and they can outlast the coming crash, they should be fine. But, given the level of overoptimism, there will be a fair amount of capitulation. I am unemployed. I a...
by X528
Tue Jul 07, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: How would permanent WFH reshape Silicon Valley?
Replies: 79
Views: 6655

Re: How would permanent WFH reshape Silicon Valley?

I wouldn't expect any significant changes. Like you said, it will remain highly-desirable. By the way, this pandemic will be over just like all others before it, and things will largely go back to the way they were. Sure, maybe WFH will become a bit more common for a while, but this won't make a me...
by X528
Sat Jun 27, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17277

Re: Which College degrees are worthwhile?

IowaFarmWife wrote: Sat Jun 27, 2020 10:46 am
fusspot wrote: Sat Jun 27, 2020 9:21 am If it's teaching, Intervention Specialist (special education) is the way to go.
Yes, I agree, or OT/PT/SLP in either a medical or educational setting.
What is "OT/PT/SLP"?
by X528
Sat Jun 27, 2020 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17277

Re: Which College degrees are worthwhile?

alex123711 wrote: Fri Jun 26, 2020 10:26 pm Which degrees are still worthwhile/ likely to lead to employment these days?
Taking an aptitude test before deciding on a major and career can be helpful:

https://www.jocrf.org
by X528
Sat Jun 27, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17277

Re: Which College degrees are worthwhile?

Which degrees are still worthwhile/ likely to lead to employment these days? If you go to a very high prestige American college almost anything. Otherwise the "practical" degrees: Business, Accounting, Engineering, Computer Science + probably some vocational degrees like Nursing. Students graduatin...
by X528
Fri Jun 26, 2020 8:59 am
Forum: Investing - Theory, News & General
Topic: Principal residence as only real estate investment?
Replies: 15
Views: 1839

Principal residence as only real estate investment?

For those that are more learned and experienced in real estate investment, do the assertions in this article make sense?:

https://johntreed.com/blogs/john-t-reed ... eal-estate
by X528
Thu Jun 25, 2020 6:21 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2195

Re: Effect of open-source software on SWE careers and start-up companies.

Your questions are too abstract. Also, open source software doesn’t generally lack IP or even patents. What are you concretely interested in? By "open source" I meant that computer software is not covered by any patent or IP (copyright?). I'm not an IP expert though on this matter though and I coul...
by X528
Thu Jun 25, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2195

Effect of open-source software on SWE careers and start-up companies.

Here is a question for software engineers (SWE) and entrepreneurs: Can a career in software engineering, or founding software start-ups, still be lucrative with open-source software (no intellectual property (IP) or patents involved)? Does the absence of IP hinder or expand opportunities?What's the ...
by X528
Thu Jun 25, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: Do you use TRIZ? [Problem solving tool for engineers]
Replies: 9
Views: 872

Re: Do you use TRIZ? [Problem solving tool for engineers]

"I would tread VERY cautiously. In software, our legal department has very strict rules about patent filings and our development staff are expressly discouraged... almost forbidden.. from reading patent filings related to the work we do. The logic is that by reading a patent, it’s too easy to get an...
by X528
Tue Jun 23, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: Do you use TRIZ? [Problem solving tool for engineers]
Replies: 9
Views: 872

Do you use TRIZ? [Problem solving tool for engineers]

For those that are engineers and those that do product design work, do you use TRIZ in your design development work? Is it very useful and helpful? How effective is it? Are there industry-recognized certification courses? https://www.toolshero.com/problem-solving/triz-method/ https://triz.org/triz h...
by X528
Fri Jun 19, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10569

Re: A cautionary tale about pensions and wages

Folks, We have a healthcare bubble and a college bubble. The bubbles have to burst sometime. KlangFool People primarily associate bubbles with costs (healthcare costs, real estate and tuition). Does this apply to physician/nurse salaries (for the healthcare bubble) and professor salaries (for the c...
by X528
Fri Jun 19, 2020 4:22 pm
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10569

Re: A cautionary tale about pensions and wages

Any illusion of job security or rosy future benefits such as pension is just an illusion. No employer can guarantee such things in the real world. It is not the fault of the employer. It is simply not sustainable. Any guarantee for the future is nothing but kicking the can down the road. I like a j...
by X528
Fri Jun 19, 2020 9:18 am
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10569

Re: A cautionary tale about pensions and wages

Folks, We have a healthcare bubble and a college bubble. The bubbles have to burst sometime. KlangFool People primarily associate bubbles with costs (healthcare costs, real estate and tuition). Does this apply to physician/nurse salaries (for the healthcare bubble) and professor salaries (for the c...
by X528
Thu Jun 18, 2020 9:36 am
Forum: Personal Consumer Issues
Topic: Air purifier recommendation.
Replies: 14
Views: 785

Air purifier recommendation.

Can anyone recommend a good air purifier for a small bedroom?
by X528
Mon Jun 15, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11774

Re: Prenup? What Should It Say?

Watch the film: Divorce Corp.

https://www.youtube.com/watch?v=brznz2tif58
by X528
Mon Jun 08, 2020 8:25 pm
Forum: Personal Consumer Issues
Topic: Does Buying an RV make sense?
Replies: 97
Views: 6592

Re: Does Buying an RV make sense?

"A typical motorhome can cost anywhere from $100,000 to $250,000. Some upper-end units can run $500,000 or more! Do these make sense for average middle-class Americans? Probably not."

https://livingstingy.blogspot.com/2011/ ... rving.html
by X528
Sun Jun 07, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Help me pick a new iPhone? (recs?)
Replies: 19
Views: 805

Re: Help me pick a new iPhone? (recs?)

Is it possible to have the same phone number used on more than one cell phone?
by X528
Thu Jun 04, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: The payoff for prestigious degree is smaller than you think
Replies: 14
Views: 1459

Re: The payoff for prestigious degree is smaller than you think

See this website:

https://theivylie.com

The Ivy Lie
Shattering the illusion of "elite education" and the mystique of the Ivy League, one unemployment story at a time
by X528
Tue Jun 02, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 78
Views: 6366

Re: Career advice for science PhD student

Staying at the patent agent level is something I've thought might work well. Do firms actually keep agents on or do you get chewed up/spit out after a while when someone new comes along that they can pay less? It seems like that might be a risk since the amount of requisite training is lower. It's ...
by X528
Mon Jun 01, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 78
Views: 6366

Re: Career advice for science PhD student

"the "cut" for big Law is so brutal and there are so many gates, that I would not recommend someone pursue that line of career unless they have strong reason to believe they will make it/ want it:" Law is a profession for masochists: https://outsidethelawschoolscam.blogspot.com/2020/02/im-product-of...
by X528
Sun May 31, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39479

Re: The axe falls and I am prepared. What's next?

"E) 1.35 to 1.4 million 60/40 portfolio"

Is the 60%stock/40%bond a permanent, fixed portfolio allocation, even in retirement?
by X528
Fri May 29, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion on Relocating from IL to FL Central Gulf Coast Condo
Replies: 46
Views: 3575

Re: Opinion on Relocating from IL to FL Central Gulf Coast Condo

Read this article before buying a condo:

Buy a principal residence, but reject the condo form of ownership.

https://johntreed.com/blogs/john-t-reed ... -ownership
by X528
Fri May 29, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 78
Views: 6366

Re: Career advice for science PhD student

For those with a PhD in science or engineering looking for career ideas, check out this website and youtube channel:

https://cheekyscientist.com

Cheeky Scientist youtube channel:

https://www.youtube.com/channel/UC3HURH ... soT8_PE0CA
by X528
Tue May 26, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 78
Views: 6366

Re: Career advice for science PhD student

You may want to avoid going into patent law: https://outsidethelawschoolscam.blogspot.com/2014/01/patent-law-light-same-great-debt-but.html Some representative comments: AnonymousJanuary 7, 2014 at 8:39 AM Third. The patent field is super saturated. I have been a patent lawyer for 20 years and am st...
by X528
Wed May 13, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3662

Companies that have a pension and 401k?

Are there any companies that offer both a pension and a 401K plan to its employees?
by X528
Sat May 02, 2020 8:16 pm
Forum: Personal Consumer Issues
Topic: Powdered Soy Milk
Replies: 39
Views: 2289

Re: Powdered Soy Milk

Why soy milk? It's not good for you.

https://www.westonaprice.org/health-top ... oy-of-soy/
by X528
Fri Apr 17, 2020 2:03 pm
Forum: Investing - Theory, News & General
Topic: Why does no one talk about mid cap tilt?
Replies: 16
Views: 1597

Re: Why does no one talk about mid cap tilt?

I inasvertently tilted my 401k towards mid cap (70/20/10), large/mid/small). I was trying to recreate total market cap. I hear a lot about large cap and small cap, but rarely about mid cap. Thoughts on this asset class? Its underperformed the sp500 for the last year (and probably beyond). Should i ...
by X528
Mon Apr 13, 2020 9:37 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55592

Re: How Is Your Job Being Impacted By The Current Crisis?

Inpatient hospitalist physician and medical director. Independent contractor/self employed. 24/7 for the next 2 weeks at this point. 4,380 hours of call last year. Anticipate 5,000+ this year. All travel for us cancelled. Hospital asking me not to leave town and stay quarantined when not working. T...
by X528
Wed Apr 01, 2020 10:39 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 55592

Re: How Is Your Job Being Impacted By The Current Crisis?

P&C Insurance - Actuary This is probably one of the safest professions in the country right now. If you have high school aged kids with a strong math aptitude they could start taking exams now. It's excruciating, but I would bribe my kids to start taking these if they were 15-16 years old. First 5 ...