Search found 41 matches

by NoFred
Sun Dec 01, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: How much are you saving for retirement in 2019?
Replies: 82
Views: 5493

Re: How much are you saving for retirement in 2019?

44% of gross. First year where I let up in later months, got to rein that in next year.
by NoFred
Sat Oct 19, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10660

Re: For those who are FI: At what point did you begin to relax?

I arbitrarily set up 3 levels of financial independence for myself: stage 1 (bare bones living expenses), stage 2 (comfortable, but no fancy vacations), and stage 3 (can quit forever and likely be fine). Once I reached stage 2, I cut back on my work hours and my general stress level declined signif...
by NoFred
Wed Oct 16, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5219

Re: Prenuptial agreement for moderately successful 30 year olds

You sound a lot like my wife and I: * Early 30s * Been together many years already * Have shared home and expenses, if not accounts * Both frugal and savers * One has somewhat more assets I also came here to ask about a prenup (free free to read my old thread). The forum talked me out of it and I'm...
by NoFred
Fri Sep 27, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Financing house after divorce
Replies: 28
Views: 2668

Re: Financing house after divorce

Rule of thumb I read here earlier in the year: Buy a house after you get married or you do not get married.

Rent for the flexibility and ease on your finances, and wait for the next chapter of your life before buying.
by NoFred
Mon Sep 23, 2019 10:26 pm
Forum: Investing - Theory, News & General
Topic: Private Equity is ready for Vanguard type disruption
Replies: 23
Views: 2067

Re: Private Equity is ready for Vanguard type disruption

I would like to see a way to have more companies be public, including some option to be on the market with fewer and less frequent reporting requirements. Incentivize more organizations to go public instead of avoiding or delaying the move.
by NoFred
Tue Sep 17, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: DCA vs. Lump Sum- an interesting analysis
Replies: 62
Views: 4051

Re: DCA vs. Lump Sum- an interesting analysis

I DCA with this rule - put all my earnings into my AA as fast as possible.

As a practical matter none of us will ever one-time lump sum, and actual DCA (as in I’m withholding my own assets from my AA) is just market timing.
by NoFred
Wed Sep 11, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5093

Re: Some Computer Science Career Advise?

Congrats on getting the promotion. Time to stay.
by NoFred
Thu Sep 05, 2019 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or in the next 3 years?
Replies: 35
Views: 4098

Re: Buy a house now or in the next 3 years?

^that comment you quoted is also way off, I’d just ignore it. The retirement numbers look fine and with continued future savings there’s no catch up needed, but I wouldn’t finance more than 80% of a home (less actually)
by NoFred
Wed Sep 04, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5093

Re: Some Computer Science Career Advise?

Thanks so much for the responses! I had another talk with the senior director today. He says that he's had four people in the last nine months that have wanted to quit, and I'm the first one that he's offered to talk to (implying that he likes me). He said that the VP and Senior VP (reports to CEO)...
by NoFred
Mon Sep 02, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Max out 401K for 2019 at new Job?
Replies: 15
Views: 1735

Re: Max out 401K for 2019 at new Job?

Do it, and see how low you can get by for a few months. Then in future years front load your contributions (more time in market) over say 6 months. Then with future comp increases try to speed up contributions so it is 5 months, then 4 months and so on.
by NoFred
Sun Sep 01, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6397

Re: Advice for after getting high income

Software engineers are also limited by competition from offshore contract engineering companies. Like the $9 per hour ones who wrote the anti-stall software for the 737-Max airplanes. I've watched hardware engineering groups get dissolved by Megacorp with new groups showing up in India and China. T...
by NoFred
Sun Sep 01, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Living in the Bay Area, got an offer in LA: negotiation help wanted
Replies: 15
Views: 1888

Re: Living in the Bay Area, got an offer in LA: negotiation help wanted

A - they’re just keeping your pay low, nobody hires someone they don’t think has the skill/ability to do the work, but they’ll do a lot up front to push the initial comp as low as possible. Make the counteroffer for a higher base, be prepared to decline unless it’s a dream in other ways. B - take it...
by NoFred
Thu Aug 29, 2019 10:52 pm
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4874

Re: Young people with good earnings and still want to work do 100 equities

100 equities (VTSAX for me, or VTWAX if that works for you) is the way to go up to a certain time horizon (less than 10 years to FI.)

Additionally, when income is high enough, take some off the top for alternative investments, but treat those as risk free capital and outside of your AA.
by NoFred
Thu Aug 29, 2019 10:22 pm
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3901

Re: Is now still a good time to buy VTSAX?

lostdog wrote:
Thu Aug 29, 2019 1:58 pm
Time in the market is better than timing the market.
+1

My compensation is >50% bonus (annual windfall) so I often think to time these things. But being in is most important. Don’t think of it as $$ but number of shares. Are you getting more VTSAX? That’s a good thing.
by NoFred
Wed Aug 28, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6397

Re: Advice for after getting high income

1 - on the way up in income and net worth there’s “plateaus” where you won’t know what to do next. Maybe you’re on one of those and just need to get motivated by earning/saving again. For me, once I figured out the present value of my monthly long-term safe withdrawal rate I was motivated to see how...
by NoFred
Tue Aug 27, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8768

Re: How to help an employee who is in debt and requesting a loan

That is a tough one. In one case an employee asked for a loan and I said that if that employee would resign I would give them the money. And I gave them more than the loan requested. We found a better employee without the financial and other drama. This is fantastic advice, I will use this approach...
by NoFred
Tue Aug 27, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to start a business
Replies: 23
Views: 2203

Re: How to start a business

OP can you start a consulting business doing something with your career skills, and possibly evolve that into a business that can be sold for a higher multiple in 15 years? Ultimately when you sell there needs to be a future income stream expected, without you involved, and those are very difficult ...
by NoFred
Tue Aug 27, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Billing Dispute/High Spender/WWYD - RESOLVED
Replies: 36
Views: 4438

Re: Credit Card Billing Dispute/High Spender/WWYD

BTW whatever the outcome still find your way out to some National Parks - some of the easiest vacations to DIY unless you’re trying to get sold out lodging.
by NoFred
Wed Aug 21, 2019 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8796

Re: Are we financially okay?

Bacchus01 wrote:
Tue Aug 20, 2019 4:56 pm
Bingo. Some people don't seem to understand basic math.
Including the OP based on threads stated subject.
by NoFred
Mon Aug 19, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8796

Re: Are we financially okay?

Me 48 yo, DW 46 yo, 11 yr old, 8 yr old We live in a VHCOL area in East Coast Monthly expenses are ~$13,000-14,000 per month (~$6K for mortgage and property tax) Investments: Cash/MM/CD - $2M Stocks - $2M Bond - $100K Mortgage Debt of $800K (equity of ~$600K) Wife was just laid off and got 3 months...
by NoFred
Fri Aug 16, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9098

Re: Taking a break in your 50s: Is it the kiss of death?

I agree with staying on - you have the income stream in hand and it’s definitely not a guarantee to get it back. But if you can’t reshape your week to less hours, put in the same effort but force yourself to start taking every or every other Friday off. You can keep going all out, just do it for few...
by NoFred
Sun Aug 11, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 7515

Re: How should my Spouse and I handle a $300,000 Settlement?

Back on track. You have a good plan: 1) pay off both car loans 2) pay off student loan 225,000 - 47591 - 21000-4800 = 151609 less Mortgage payment: 45,900 = 105709 (balance) Can you open a retirement account for your spouse? 3) balance in Emergency fund, High yield accounts, CD's, etc. j I agree wi...
by NoFred
Wed Aug 07, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Largest spending category - is this an outrageous amount?
Replies: 56
Views: 4054

Re: Largest spending category - is this an outrageous amount?

Category tracking is helpful for getting accustomed to tracking, but of course correct categorization doesn’t change the total spend. Over time It was useful to just know discretionary/fixed and monthly/other.
by NoFred
Mon Aug 05, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 8086

Re: Financial anxiety and next steps in relationship

If you both want kids, get started. It might take time, you might want more, whatever. Once mid -30s earlier the better. Biology *is* reality. So nothing to wait on this one, unless you want to be engaged first then just do that. Forget a house for now. Rent even if there’s a premium, stay free and ...
by NoFred
Sun Aug 04, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 44
Views: 5736

Re: Annual review was disappointing, what should I do next?

It is incredible you mention this point! I wrote to my manager mentioning this exact point including the phrase "self-worth tied to job". I told him I was wrong to sacrifice the rest of my life for this job and tying my self-worth to it. He asked me to pursue balance instead. FWIW your manager even...
by NoFred
Sun Aug 04, 2019 12:28 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 23
Views: 2689

Re: How much house can I afford (really)?

Yeah, easily. Conservatively, even. Daycare is expensive these days but it will just reduce your savings for a few years. My thought process is that worst case we both would work jobs at 120k base and 12k bonus. Using the 3x income we would then still be at $750k. Given that, I place our top end bu...
by NoFred
Sat Aug 03, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11946

Re: A note on spending for kids

ROI? Who cares don’t forget childhood is 20% of our waking lives! Growth through experiences, and fun without any care. Focus on many activities plus a couple deep activities (when they show motivation). And pray tell how do sports and activities improve one's childhood? How are organized activitie...
by NoFred
Sat Aug 03, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11946

Re: A note on spending for kids

ROI? Who cares don’t forget childhood is 20% of our waking lives! Growth through experiences, and fun without any care. Focus on many activities plus a couple deep activities (when they show motivation). And pray tell how do sports and activities improve one's childhood? How are organized activitie...
by NoFred
Thu Aug 01, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11946

Re: A note on spending for kids

ROI? Who cares don’t forget childhood is 20% of our waking lives! Growth through experiences, and fun without any care. Focus on many activities plus a couple deep activities (when they show motivation).
by NoFred
Wed Jul 31, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 10020

Re: Bloomberg: Forget Tech, Medicine Still Pays More

(emphasis mine) Google has 20-30k engineers and that's just one company. I doubt that many of them were competing in STEM Olympiads or other competitions. We were (I’m stem not google), at least those high earners that kept achieving beyond the first few years. Entry level is nice but from then on ...
by NoFred
Tue Jul 30, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing ?
Replies: 17
Views: 1997

Re: How am I doing ?

OK then you’re doing fine, decide how much you want to take out during retirement (and pass on to heirs), and keep building to the requisite nest egg.

You’re past the point of retirement is going to hurt, just keep accumulating... congrats.
by NoFred
Tue Jul 30, 2019 10:28 pm
Forum: Personal Investments
Topic: Stop myself from making bad trades
Replies: 35
Views: 2717

Re: Stop myself from making bad trades

Consider opening another brokerage account. Take your current 5% and put it in there. Then, have fun. I agree with this. Your chasing 2 goals, which is fine (I do so myself) but just keep them separate. It’s gambling when you rob retirement to pay fun. Keep them separate and enjoy scratching the it...
by NoFred
Tue Jul 30, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 10020

Re: Bloomberg: Forget Tech, Medicine Still Pays More

Software engineering is great, but like all fields high and consistent compensation is reserved for those that are naturally great and unnaturally motivated. It is as much a calling as being a dr, and just as intellectually hard at higher levels, plus it’s competitive and has a shorter shelf life. I...
by NoFred
Tue Jul 30, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 158
Views: 11655

Re: Ethics of "bonus payback" when quitting a job

Yes the words agreed to are to pay it back.

I think any employment-based clawback is garbage, I believe work in = money out, but that’s what was agreed to.

Choose to fight but be ready to die on that hill, ethically follow the letter of the law, give it back
by NoFred
Tue Jul 30, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 10020

Re: Bloomberg: Forget Tech, Medicine Still Pays More

Good luck to your friends son. Finding and keeping a lucrative career is not easy - he’ll have to be lucky, very capable and interested in the field, and very competitive and motivated. So he should find the one where he fits those criteria.
by NoFred
Wed Jul 24, 2019 10:24 pm
Forum: Investing - Theory, News & General
Topic: Types of Risk
Replies: 22
Views: 1422

Re: Types of Risk

by NoFred
Wed Jul 24, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12632
Views: 2184806

Re: U.S. stocks in free fall

J G Bankerton wrote:
Tue Jul 23, 2019 8:34 am
OMG, I made money as I was typing.
:beer that’s signature worthy, not always true but nice when it is.
by NoFred
Tue Jul 23, 2019 10:15 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 7293

Re: Can we afford $600k home?

Enjoy the flexibility of renting, even with kids. I don’t think you’ll regret continuing your accumulation in savings.
by NoFred
Tue Jul 23, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 11193

Re: Too much tech in total stock market?

Also I would hope an advisor would think overweight is fine *right now* since it’s working - no current reason to overthink (and pay for) portfolio safety for TSM, except for your regular AA.
by NoFred
Tue Jul 23, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bigger house?
Replies: 43
Views: 3502

Re: Bigger house?

My vote is to wait and see just because of how much a growing child 1) doesn’t need that much space, and 2) happily consumes your time. You’ll know a lot more in a few years. The nanny is a great idea, we used one almost full time, but they don’t need to be live-in. Wouldn’t be much marginal benefit...
by NoFred
Tue Jul 23, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: cash flow rebalancing - behavioral question
Replies: 5
Views: 579

Re: cash flow rebalancing - behavioral question

It’s possible the biweekly changes in the 65% affect the AA as much or more than the incoming funds. I would put it all there and just rebalance whenever you are +/- a few points instead.