Search found 200 matches

by as9
Wed Sep 16, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford $550K house?
Replies: 17
Views: 1968

Re: Can we afford $550K house?

Yes, you can absolutely afford this. Even in that worst case scenario you'd likely be fine. If it makes you feel better then you could create a house payoff fund (invested according to your comfort level). As long as your business is doing well you can set money aside to pay off or greatly reduce th...
by as9
Sat Aug 29, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 99
Views: 13313

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

Personally I’d sell all or most, add to your normal AA, and I like the idea of buying your dad something (a Tesla or other car, an awesome family vacation once that’s possible, season tickets, or whatever he’d be into).
by as9
Wed Aug 19, 2020 8:45 am
Forum: Personal Investments
Topic: What to do next to end 2020
Replies: 3
Views: 512

Re: What to do next to end 2020

Sorry to be blunt, but this decision pales in comparison to becoming employed again. That would be my sole focus for the rest of 2020.
by as9
Mon Aug 17, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are we saving too much cash
Replies: 28
Views: 3824

Re: Are we saving too much cash

Some might say "can't this wait til I'm old, can't I live while I'm young?" but alas...

Looks like you're in great shape. Personally I'd put some % of the 90k EF to work. Maybe like 10-20% in VTI. We now have the back ~25% of our EF in NTSX.
by as9
Thu Aug 13, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund vs. Paying off Loans
Replies: 15
Views: 1072

Re: Emergency Fund vs. Paying off Loans

If I were you I'd take $25k out of the EF and pay off the mortgage, then redirect mortgage payments toward the solar panel loans, which should be paid off in about a year (45000 / (1200 + 2400)). Basically a hybrid of the two options you suggest, with the lump sum going toward the higher interest d...
by as9
Wed Aug 12, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Large pay cut for better quality of life
Replies: 82
Views: 7593

Re: Large pay cut for better quality of life

Maybe I don't really have a handle on the world of incomes, but I can't believe the number of $300k+ people in this forum. Me neither, especially how many of them are in their 30s with 7-figure portfolios already. Are there that many FANG software engineer types out there? I've actually reduced my ...
by as9
Wed Aug 12, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Covid Salary Reduction, Debt vs. Investing v. Saving
Replies: 32
Views: 3096

Re: Covid Salary Reduction, Debt vs. Investing v. Saving

-Debt: (paying off at $1500 or so per month, with reduced salary): Auto loan balance $6500 @ 3.49 ($469/mo) - currently paying off with Nov '20 goal, will free up cash to invest or pay debt Credit card 1 - $4500 @ 15.25 (next on pay off plan) Credit card 2 - $5500 @ 0% until January *The plan is to...
by as9
Tue Aug 11, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

Did the Big 10 announcement do this? Seems like it. If I can't watch football, I am going to sell all my gold, silver and tech? This must be nerve wracking for people who actually make decisions on daily factors. Me, I am just hoping it doesn't rise too much between now and payday. It is kind of co...
by as9
Tue Aug 11, 2020 2:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

Did the Big 10 announcement do this? Seems like it.
by as9
Tue Aug 11, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: 401k for 2nd home or stop contributing and save
Replies: 20
Views: 2189

Re: 401k for 2nd home or stop contributing and save

I'm assuming there's a reason for this you haven't shared, but I don't understand why you would buy a second home to retire in for 8-10 years and then sell it to go back to living in your current primary residence. Why not keep both through retirement? Or sell your current primary home when the time...
by as9
Fri Jul 31, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Thank you, LadyGeek. The first page of HF’s first thread Is very informative. (I’ve followed him into this EA with a nice side bet.) This thread has taken a lot of wild turns down the rabbit hole, and I’m not sure how much it still relates to OP’s intentions. have followed this thread eagerly since...
by as9
Fri Jul 31, 2020 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa signature card
Replies: 29
Views: 3521

Re: Fidelity Rewards Visa signature card

Got a text and a call last night about a questionable charge. It was indeed fraudulent and taken care of in minutes. Will have a new card on Saturday. Complete pain to have to update auto-pays, but glad to see they handle this well (similar to Chase, which I've experienced a few times).
by as9
Fri Jul 31, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

Forester wrote: Fri Jul 31, 2020 8:43 am The bond market is saying loud & clear: S&P 500 1,900
Odds are you'll be right some day, though I wouldn't bet on it.
by as9
Fri Jul 31, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How much home can I afford?
Replies: 46
Views: 4207

Re: How much home can I afford?

You don't seem that excited about owning real estate, so I'd probably go with one of the options shared here:

- Stay where you are, hire laundry service and anything else to improve QOL while hoarding cash for home purchase
- Spend an extra couple thousand a month to rent a bigger place
by as9
Thu Jul 30, 2020 2:02 pm
Forum: Personal Consumer Issues
Topic: Chest Freezers
Replies: 14
Views: 1362

Re: Chest Freezers

A family member tracked one down for us from an off the beaten path warehouse outside NYC that was only accessible via a backdoor. Basically a scene from the Sopranos all for a standalone freezer.
by as9
Thu Jul 30, 2020 1:04 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Took the plunge this morning with about 5% of my portfolio. Timing worked out nicely as I needed to sell a total market fund at yesterday's close and then bought UPRO/TMF at around 9:45 this morning after the market opened lower.
by as9
Thu Jul 30, 2020 6:00 am
Forum: Personal Investments
Topic: $250k - help me take my investment plan to the next level
Replies: 16
Views: 1941

Re: $250k - help me take my investment plan to the next level

Almost certainly the first thing you should do is switch all figure contributions to a traditional 401k. This will help on taxes.
by as9
Wed Jul 29, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5720

Re: Can we afford a second home?

I don't understand why anyone would buy a second home when you can go to a different location every year using AirBnB or VRBO. Both have very reasonable accommodations in beautiful locations. Just my 2 cents. +1, most tourist locations have reasonable supply of airBnB and VRBOs of the sort. Of cour...
by as9
Wed Jul 29, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

atdharris wrote: Tue Jul 28, 2020 10:01 pm Goodness, I thought FB reported tomorrow, but it looks like it is Thursday. What a huge day for the market and my portfolio.
It got pushed back a day after the congressional hearing got moved to today.
by as9
Tue Jul 28, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Ask for more? [pay raise with promotion]
Replies: 19
Views: 1950

Re: Ask for more?

Wow, I’m out of touch with many people on this forum. To me, it seems the height of ingratitude when your company has been hit hard, salaries are frozen, and people are getting laid off. And for 2-4% more. I’d be ticked if I was your manager, who has probably had to really go to the mat to get the ...
by as9
Mon Jul 27, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Beach House in New England
Replies: 44
Views: 4274

Re: Buying Beach House in New England

Not really surprised to hear the opinion that what we have saved is nowhere near enough to enjoy life, fund grandchildren educations and buy a $1M beach house. Please do not listen to the folks here who wouldn’t retire unless they had $10M in the bank and 10 years left to live. You have $6M. Let’s ...
by as9
Mon Jul 27, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ask for more? [pay raise with promotion]
Replies: 19
Views: 1950

Ask for more? [pay raise with promotion]

I just found out I'm getting promoted. Same job/responsibilities for the most part. This is a level up (think adding 'Senior' to the front of my title). This promotion would have happened earlier this year, but then there was a freeze on wage increases and promotions due to Covid. Company has been h...
by as9
Mon Jul 27, 2020 2:28 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

There is discussion about someone putting a summary/guide together, but there is some hesitance to do so given the risky nature of the investment. Who is supposed to do the actual work? My proposal to all those posters who want to have it the easy way: what about banding together and actually compi...
by as9
Mon Jul 27, 2020 2:16 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

There is discussion about someone putting a summary/guide together, but there is some hesitance to do so given the risky nature of the investment. Who is supposed to do the actual work? My proposal to all those posters who want to have it the easy way: what about banding together and actually compi...
by as9
Mon Jul 27, 2020 2:05 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Given that Hedgefundie has left the forum and the absurd amount of replies to read through, has anyone made a summary of the discussion as well as an actionable road-map for re-balancing and other details to put this plan into action for new readers? This question has been asked and answered in thi...
by as9
Mon Jul 27, 2020 8:43 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6612
Views: 626083

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

A couple questions after reading through much of this: 1) Things can change and no such thing as a free lunch, etc. etc., but doesn't the Fed saying rates will stay near zero for the next 2+ years remove one of the main risks of this approach? 2) Because of circuit breakers I get that you can't get ...
by as9
Fri Jul 24, 2020 6:56 pm
Forum: Personal Investments
Topic: Second Taxable Account To See if Market Outperforms Mortgage?
Replies: 21
Views: 1313

Re: Second Taxable Account To See if Market Outperforms Mortgage?

If this is purely to pay off the mortgage and not part of your other saving, why not go 100% equities? More tax efficient and if the market's down when you're close to the payoff amount just wait a bit.
by as9
Wed Jul 22, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1417
Views: 128169

Re: My LenderFi refinance is going well

My loan closed in mid June with first payment due 8/1. The loan was sold to Fannie Mae, but is being serviced by LenderFi. There is a (fairly rudimentary) website for making payments -- didn't have a problem setting up recurring payments from my checking account.
by as9
Tue Jul 21, 2020 12:31 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

columbia wrote: Tue Jul 21, 2020 12:25 pm Why is Amazon tanking today?
It's "tanking" all the way back to 2:30p yesterday.
by as9
Mon Jul 20, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

Buckle up, folks. With a week of high profiled earnings announcements, this won't be a boring week for sure. Source: Yahoo Finance Monday (46 earnings): Halliburton, Logitech, IBM... Tuesday (81 earnings): Coca Cola, Lockheed, Novartis, Citi, United, TI, Ameritrade, iRobot, CapitalOne... Wednesday ...
by as9
Fri Jul 17, 2020 10:51 am
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6477

Re: Anyone else love this new working from home thing?

A 90 minute each way commute sounds like a life choice problem, not a problem with the job itself. If you work in Manhattan and want to live in the suburbs with good schools then it's just a fact of life for many people. The absolute best you can do is probably right around 60 min. door to door eac...
by as9
Thu Jul 16, 2020 3:53 pm
Forum: Personal Investments
Topic: Wish to retire in 7 yrs. and request financial advice
Replies: 15
Views: 1908

Re: Wish to retire in 7 yrs. and request financial advice

The balance may be too low to get the best rates, but I think you can definitely refinance to something better than 4%. From there you'll get some differing opinions on whether you should prioritize paying it down as fast as possible vs. extra taxable investing. Having a better handle on your budget...
by as9
Thu Jul 16, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6477

Re: Anyone else love this new working from home thing?

I've worked from home for the last 4 years, so it's been business as usual for me. But yes, I love it.

Like you I commuted 90 minutes each way into Manhattan before I worked from home. I figured out after I started working from home that I used to spend around a month of every year commuting.
by as9
Mon Jul 13, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 86
Views: 7293

Re: Becoming teacher after reaching FIRE? Advice needed!

If I were you I would go Charter school or private school route. +1 I’m not a teacher, but I’d be surprised if it wasn’t very difficult to secure a STEM teaching job in one of the top school districts in Philadelphia area like TE or Lower Merion, or even the next tier down, or magnet schools in the...
by as9
Sat Jul 11, 2020 7:43 am
Forum: Personal Investments
Topic: Mid 40's and just starting out (or over)
Replies: 16
Views: 2484

Re: Mid 40's and just starting out (or over)

Here's what I would do: 1) Evaluate AA -- trying to play catchup at 90/10 certainly won't work if you can't stay the course. Maybe 75/25 or 70/30? 2) Get all IRA cash back into market at new AA 3) Liquidate 1.x months of crypto to bring e-fund to 2 months and reduce exposure 4) Stop all contribution...
by as9
Fri Jul 10, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9411
Views: 753840

Re: U.S. stocks continue to soar!

FANGMAN has a market cap equal to the combined GDP of Germany and the UK. Is that a lot? The future earnings of a company (as estimated by the market) vs. the current year's revenue of two countries is a comparison I can't quite wrap my head around. :P If we take the Buffet Indicator to be truth an...
by as9
Thu Jul 09, 2020 2:48 pm
Forum: Personal Investments
Topic: Contribute to Retirement (Keogh)or Payoff second mortgage
Replies: 3
Views: 223

Re: Contribute to Keogh or Payoff second mortgage

At 6.5% I will be very surprised if you get any answer other than pay off the mortgage.
by as9
Wed Jul 08, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer - lateral comp
Replies: 26
Views: 1942

Re: Job offer - lateral comp

Initial equity grant 80% vested No annual grants offered Is this 80% vested and paid to you (e.g. RSUs) or options/paper money that may be worth something in the future? Wasn't clear as you said start-up. This is rsu so it is mine to keep if I leave. My current company has high growth potential and...
by as9
Wed Jul 08, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer - lateral comp
Replies: 26
Views: 1942

Re: Job offer - lateral comp

Bb073084 wrote: Wed Jul 08, 2020 7:57 pm Initial equity grant 80% vested
No annual grants offered
Is this 80% vested and paid to you (e.g. RSUs) or options/paper money that may be worth something in the future? Wasn't clear as you said start-up.
by as9
Thu Jul 02, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: COVID 19 changing the public vs. private school value equation?
Replies: 29
Views: 2867

Re: COVID 19 changing the public vs. private school value equation?

The general expectation I've been reading and hearing locally is a move in the opposite direction. Between people losing jobs and the uncertainty around what school will actually look like, does the average person really want to drop another $10-30k on top of property taxes? But we also live in a gr...
by as9
Thu Jul 02, 2020 11:13 am
Forum: Personal Investments
Topic: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage
Replies: 43
Views: 2792

Re: ITOT vs VTI vs FSKAX vs FZROX vs VTSAX for a Fidelity Brokerage

I know some people use FSKAX in taxable, but the general recommendation is going to be ITOT or VTI. I think you're splitting hairs between those two.
by as9
Wed Jul 01, 2020 12:51 pm
Forum: Personal Investments
Topic: How to decide between Savings and No-Penalty CD
Replies: 8
Views: 715

Re: How to decide between Savings and No-Penalty CD

I don't know about Marcus, but Ally gives a heads up when they are dropping rates (usually the day before). I've opened two NP CDs in the last 3-4 months when that has happened, so that's one approach you can take. Suddenly 1.90 is looking pretty good. But also, yeah -- it's barely worth worrying ab...
by as9
Tue Jun 30, 2020 3:44 pm
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17481

Re: YoutubeTV subscription now $64.99/month

Surprise, surprise -- the traditional cable bundle has been a fine deal for someone who watches sports or has use for lots of channels.
by as9
Tue Jun 30, 2020 12:54 pm
Forum: Personal Investments
Topic: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!
Replies: 67
Views: 6154

Re: DO NOT GO GENTLE ON US!!! PERSONAL PORTFOLIO SUGGESTIONS NEEDED!!

Agree with above comments regarding slice and dice portfolio. The shear number of funds like that is unnecessary. We would invite you to look into the 1-3 fund portfolio. That's it. I like your asset allocation, but I would be at 100/0 with retirement assets. Bonds are a performance killer. What on...
by as9
Mon Jun 29, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: In COVID-19 Uncertainty - pay off student loan or bolster emergency fund?
Replies: 11
Views: 1090

Re: In COVID-19 Uncertainty - pay off student loan or bolster emergency fund?

I would hold the loans for another year at least. The APR isn't great but isn't crazy either. I would kick myself if I paid off $11k and then (soon) down the road there are some student loan forgiveness law put in place. I've seen this line of thinking a few times (and not just on here). I certainl...
by as9
Mon Jun 29, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17015

Re: What is the best financial decision you ever made?

About six years ago I was offered an inflated title at a floundering start-up along with an almost doubling of salary and a retention bonus nearly equal to my then current salary. I turned it down to take a position at a large company for a more modest raise and a title more representative of where ...
by as9
Thu Jun 25, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Pension Buyout Scenario -did I do this right?
Replies: 22
Views: 1053

Re: Pension Buyout Scenario -did I do this right?

Are those pension amounts fixed or will they be adjusted for inflation up until he starts receiving it?
by as9
Wed Jun 24, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide whether or not to refinance
Replies: 34
Views: 1879

Re: Help me decide whether or not to refinance

+1 on checking the refinance thread. I think you should be able to get a 30 year at 3.125 (or better) with no closing costs. I'm less familiar with where the 20 years are.
by as9
Tue Jun 23, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Real estate closing - what time of day of closing does ownership transfer?
Replies: 31
Views: 1726

Re: Real estate closing - what time of day of closing does ownership transfer?

You could see if the buyer's are open to doing a 24 hour rent-back agreement. That way you have a legal right to have your property there and access it Friday night/Saturday morning. They get a bit of money for the inconvenience. Unless they already have movers scheduled for Friday then I imagine th...
by as9
Thu Jun 18, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10554

Re: Disappointed in Fidelity 2% Cash Back credit card

Man angry Starbucks awards not accepted at Dunkin’ Donuts. News at 11.