Search found 290 matches

by Pierre Delecto
Sat Feb 22, 2020 8:17 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Master of Social Work degree

Why can’t many people here understand that not everybody wants to be an engineer or a doctor or a nurse or some tech type. There are lots of us out there who are not very good at math or science. I was trained as an historian. My wife was a social worker. We’ve done just fine. Two large federal gov...
by Pierre Delecto
Sat Feb 22, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Passion vs money

For the people saying be an engineer come on...... I work at a college if you go into social work you are not doing it for the money and you pretty much don't like math a physics you go into social work for the love and passion of the career and wanting to help people live a better life and it is n...
by Pierre Delecto
Sat Feb 22, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Master of Social Work degree

No, it isn't a great "ROI" - you have to have a calling to make a difference in people's lives. But what have we come to as a society when, on top of the inherent difficulty and frustrations of the job, we make it so difficult to make a living doing such noble work? Do you think in any other societ...
by Pierre Delecto
Sat Feb 22, 2020 6:13 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

So the take home of this “did you celebrate thread” appears to be largely Bogleheads don’t celebrate. 🤔
by Pierre Delecto
Sat Feb 22, 2020 4:12 pm
Forum: Personal Investments
Topic: worth getting a Wealth Manager from Creative Planning...?
Replies: 12
Views: 1217

Re: worth getting a Wealth Manager from Creative Planning...?

I really enjoy Whitecoatinvestors info on such topics. And he’s an active Boglehead forum member. Check out this link with various pertinent posts by him. I think you’ll find them quite valuable in considering these topics https://www.whitecoatinvestor.com/investing/what-you-need-to-know-about-finan...
by Pierre Delecto
Sat Feb 22, 2020 3:47 pm
Forum: Personal Investments
Topic: How important is it to hold Real Estate
Replies: 38
Views: 3594

Re: How important is it to hold Real Estate

That is my main concern... if rents start going out of control and skyrocketing my portfolio isn't going to save me. Those who bought will not feel the effect. But then again it isn't prudent to buy a property and have that as your only asset. I am more in alignment with the Dave Ramsey formula - a...
by Pierre Delecto
Sat Feb 22, 2020 3:32 pm
Forum: Personal Investments
Topic: Before tax yield and mortgage payment question
Replies: 19
Views: 968

Re: Before tax yield and mortgage payment question

I have 10 year mortgage for 138K ending by 2026 @2.75%. I am ~50 year and may retire in another 5-10 years. The before tax yield for my tax bracket in CA is 38.8% ( 35% + 3.8 NIIT) + 10.3%: 5.4% = 2.75/( 1- (.388+ .103 ) Is this correct math. I take standard deduction and hence no tax benefit. I ha...
by Pierre Delecto
Sat Feb 22, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: "Here is how to tell a bull market is coming" wolf, wolf, wolf...
Replies: 15
Views: 2647

Re: "Here is how to tell a bull market is coming" wolf, wolf, wolf...

I think the Great Recession will be a very atypical recession and not representative of the next one. That being said, while I don’t think it will be the case, the Fed’s actions I believe are historically without precedent, at least as to magnitude, so that does introduce a bit of a wildcard element...
by Pierre Delecto
Sat Feb 22, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 4472
Views: 397518

Re: U.S. stocks continue to soar!

I backed up the truck this week to buy bonds to rebalance back to the target asset allocation. You must have the smallest re-balancing bands in the world, that's three times this week you said you bought bonds to get "back to the target asset allocation". Or abuss368 has the smallest truck in the w...
by Pierre Delecto
Sat Feb 22, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: Are Bond Yields Accurately Forecasting Future Inflation?
Replies: 43
Views: 2768

Re: Are Bond Yields Accurately Forecasting Future Inflation?

How can we know? Not trying to be flippant but we’d have to know the future.
by Pierre Delecto
Sat Feb 22, 2020 1:10 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

Why does "celebration" have to be associated with the needless spending money? Classic Boglehead response. Thank you! My wife and I like to eat great food and drink good cocktails. Just an excuse to do that and have someone else do the cooking. Why is that a "classic Boglehead reponse"? We don't dr...
by Pierre Delecto
Sat Feb 22, 2020 12:55 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse. Why does "celebration" have to be associated with the needless spending money? Classic Boglehead response. Thank you!...
by Pierre Delecto
Sat Feb 22, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse. Why does "celebration" have to be associated with the needless spending money? Classic Boglehead response. Thank you!...
by Pierre Delecto
Sat Feb 22, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse. Why does "celebration" have to be associated with the needless spending money? Classic Boglehead response. Thank you!...
by Pierre Delecto
Sat Feb 22, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement planning tips/thoughts for married couples
Replies: 12
Views: 1411

Re: Retirement planning tips/thoughts for married couples

These are the tips I often pass along. Can you add to the list? 1. If one of you does not work outside the home don’t forget about spousal IRAs. 2. If you are unable to max out all your tax advantaged accounts (401k, IRA) you should max out the younger spouse’s accounts first because the RMDs will ...
by Pierre Delecto
Sat Feb 22, 2020 12:21 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

I didn't celebrate.. Just felt a little relieved. The "great recession" was still only a couple years in my rear view mirror. Nothing felt as good as my first $100,000. Sounds dumb, I know. It seemed like that milestone took forever. Now that I think about it, my first several years of maxing 403b,...
by Pierre Delecto
Sat Feb 22, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 26454

Re: Protection Against Home Intruders

I had a barber once that was a gun range master. Don’t recall the bullet but according to him there’s a special type of bullet for handguns that fragments and doesn’t tend to penetrate through multiple layers of drywall so there’s less risk of shooting family members or neighbors. They're called ho...
by Pierre Delecto
Sat Feb 22, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: Protection Against Home Intruders
Replies: 387
Views: 26454

Re: Protection Against Home Intruders

Yesterday, intruders got inside my neighbor's house (SF detached) and removed his wallet with cash and credit cards etc. It was scary because he was home at the time and heard them (5 a.m.). The intruders may have been contractors who had previously done some work around his house. We don't have an...
by Pierre Delecto
Sat Feb 22, 2020 11:11 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse. My spouse has to have his arm twisted to celebrate his own birthday. We spent several extra minutes staring at the sp...
by Pierre Delecto
Sat Feb 22, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: I am trying to learn about investing in commercial RE, farmland, timber land
Replies: 7
Views: 715

Re: I am trying to learn about investing in commercial RE, farmland, timber land

I do plan to buy (or possibly inherit) my dad’s remaining farm field from my grandfather’s ancestral farm. It’s rented out for cash crops. Rental yield is not great but agricultural taxes are basically zero. It has development potential, which is where the real value lies. The county development boa...
by Pierre Delecto
Sat Feb 22, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: I am trying to learn about investing in commercial RE, farmland, timber land
Replies: 7
Views: 715

Re: I am trying to learn about investing in commercial RE, farmland, timber land

My local library does not have any easy to find books about commercial real estate, farmland, or timber investing. I would like to learn about such things so that I can properly evaluate opportunities in the future. Ignoring bigger pockets, do you have any suggestions? There are too many books out ...
by Pierre Delecto
Sat Feb 22, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse.
by Pierre Delecto
Sat Feb 22, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

This thread is so Bogleheads. Seriously people. Unless you’re worth 20 million or something live a little and celebrate each million! I look for excuses to celebrate with my spouse.
by Pierre Delecto
Sat Feb 22, 2020 11:00 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

EdNorton wrote:
Sat Feb 22, 2020 7:51 am
No, didn't celebrate $1 or $2 million but the DW is supposed to get her first SS check on Wednesday, we are going out to dinner to celebrate that.
:sharebeer
You have two rain-check celebrations to cash!
by Pierre Delecto
Sat Feb 22, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33363

Re: Did you celebrate when you finally hit $1m?

Are we talking about net worth, or having 1M in investments? Anyway, didn't really celebrate to any great extent. DW and I dined out, but maybe only spend $40 - nothing real upscale. It reduced my anxiety level a little bit. I say celebrate the first time you have any claim to having a million in a...
by Pierre Delecto
Sat Feb 22, 2020 10:52 am
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Master of Social Work degree

I have a BSW and the faculty heavily pressured us to all get MSWs. Full disclosure - I was (am still) hopeless at math and science, paying my way through undergrad, and it was a tough choice for me to pick a degree. I'm not great with kids, so I also didn't want to teach. I needed something where I...
by Pierre Delecto
Sat Feb 22, 2020 10:41 am
Forum: Personal Investments
Topic: worth getting a Wealth Manager from Creative Planning...?
Replies: 12
Views: 1217

Re: worth getting a Wealth Manager from Creative Planning...?

That's 1.15% for the management fee, on top of the expense ratios for the funds you are invested in, so probably closer to 2-2.5% total, depending on fund choice. That's a lot to pay someone to do not much of anything except for hand holding and colored chart generating. Just so you know, they are ...
by Pierre Delecto
Sat Feb 22, 2020 10:37 am
Forum: Personal Investments
Topic: worth getting a Wealth Manager from Creative Planning...?
Replies: 12
Views: 1217

Re: worth getting a Wealth Manager from Creative Planning...?

Even if you use a financial planner you should educate yourself as much as possible so you can evaluate your financial planner. Most are just glorified salespeople with massive conflicts of interest. They’re interests are mostly aligned with making the most money possible for themselves through AUM ...
by Pierre Delecto
Sat Feb 22, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

You could also use car services as much as you wanted at that income level if you don’t like the feel of mass transit options. Could be door to door and you could just work in car.
by Pierre Delecto
Sat Feb 22, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

Wow thank you for the responses. Our HHI is over 600k right now, and my compensation alone would be somewhere in the 800k range (but some of that is vesting stock over a couple of years). Totally expected HHI $1m plus conservatively since we are dual income. I may even get a stand alone offer aroun...
by Pierre Delecto
Fri Feb 21, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. Buy Advice
Replies: 21
Views: 1399

Re: Rent vs. Buy Advice

I would not buy in New Jersey. I would rent for sure. You might just end up owning something that’s extremely hard to sell. I don’t know the conditions in New Jersey, but I assume it’s similar to Connecticut where people are having a terrible time selling right now.
by Pierre Delecto
Fri Feb 21, 2020 11:39 pm
Forum: Investing - Theory, News & General
Topic: All but one Ivy League Endowment underperformed a simple 60/40 index fund portfolio
Replies: 48
Views: 4675

Re: All but one Ivy League Endowment underperformed a simple 60/40 index fund portfolio

I seem to recall hearing multiple times over the years that Dale Swensen, Yale’s endowment manager, was the only Ivy endowment manager with an impressive longterm record and the rest generally lagged the indices by a wide margin.
by Pierre Delecto
Fri Feb 21, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

I live in the SF burbs with kids. Area is beautiful but on a long term decline in a quality of life. I don’t go into San Francisco any more. Too much property crime and increased hassle. Car windows are broken into plus the explicit strategy of the city is to make car use irritating enough to force...
by Pierre Delecto
Fri Feb 21, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

I have been to SF many times in early 2000s. It was a nice city. We went there last year for a vacation. I must say I was extremely disappointed. Too many homeless people and so many druggies and needles on the streets in some sections. But I am sure not all sections are like that. I would never mo...
by Pierre Delecto
Fri Feb 21, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Passion vs money

For the people saying be an engineer come on...... I work at a college if you go into social work you are not doing it for the money and you pretty much don't like math a physics you go into social work for the love and passion of the career and wanting to help people live a better life and it is n...
by Pierre Delecto
Fri Feb 21, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

:confused We're retired and live in California - although, not in the immediate bay area. However, my wife is a member of an organization that owns an old mansion in SF that we occasionally go into and stay the night. I have to tell you... there isn't a chance I'd ever want to live there - ESPECIALL...
by Pierre Delecto
Fri Feb 21, 2020 6:19 pm
Forum: Personal Consumer Issues
Topic: Master of Social Work degree
Replies: 111
Views: 4716

Re: Master of Social Work degree

I agree she would best be served by pursuing her interests. With three high school semesters left, presumably, there's plenty of time to explore. It isn't the moment, yet, to apply to grad school. She can make up her own mind, in the fullness of time, how much satisfaction and paycheck trade off ag...
by Pierre Delecto
Fri Feb 21, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1428

Re: Financing a home Renovation

You should also run the numbers on just selling and buying something more turnkey. Yeah, paying the commission would STINK but a massive renovation is a major headache too and you’d avoid paying rent on top.
by Pierre Delecto
Fri Feb 21, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1428

Re: Financing a home Renovation

Sorry for so many posts but thoughts keep occurring. If you build on your existing basement/foundation you may still be able to leverage the historical setbacks and save maybe 20-30k. We opted to build a fully new basement and foundation as I wanted higher basement ceiling heights. We had a 1400 squ...
by Pierre Delecto
Fri Feb 21, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1428

Re: Financing a home Renovation

What about a construction loan? We did that for a teardown in 2012. They required us to put in 20 percent in and you can’t keep your original mortgage. Then you have to refi out of as longterm conversion of construction loan wasn’t so good. Yes - this is an option. We got a great rate, so I'm somew...
by Pierre Delecto
Fri Feb 21, 2020 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Financing a home Renovation
Replies: 17
Views: 1428

Re: Financing a home Renovation

What about a construction loan? We did that for a teardown in 2012. They required us to put in 20 percent in and you can’t keep your original mortgage. Then you have to refi out of as longterm conversion of construction loan wasn’t so good. Yes - this is an option. We got a great rate, so I'm somew...
by Pierre Delecto
Fri Feb 21, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3544

Re: We are where we are?

Do you have “golden handcuffs” keeping your in current job — eg RSUs, options, etc? If not, I’d start just applying to some jobs in your area or somewhat tangential. You might find an opportunity that excites you. I do not have anything holding me here in that manner I have opened up my LInked In t...
by Pierre Delecto
Fri Feb 21, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: USC - Free tuition for families making under $80k
Replies: 46
Views: 2059

Re: USC - Free tuition for families making under $80k

Sounds wonderful. This benefits all students at USC as it will allow a more socio-economic diverse group of kids to enter the school who otherwise, while qualified, may not have been able to afford to attend. Not directed at anyone in this thread, but the tone of some of these posts does strike a n...
by Pierre Delecto
Fri Feb 21, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: USC - Free tuition for families making under $80k
Replies: 46
Views: 2059

Re: USC - Free tuition for families making under $80k

Sounds wonderful. This benefits all students at USC as it will allow a more socio-economic diverse group of kids to enter the school who otherwise, while qualified, may not have been able to afford to attend. Not directed at anyone in this thread, but the tone of some of these posts does strike a n...
by Pierre Delecto
Fri Feb 21, 2020 4:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17945
Views: 2538549

Re: U.S. stocks in free fall

What does "buy the dip" mean? How would it matter to a buy and hold 3 funder like myself? Sorry, I'm still 3 months new to investing. Buy the dip basically means invest new money when markets are down. In the long-term it doesn’t much matter unless you invest a very sizable chunk of new money durin...
by Pierre Delecto
Fri Feb 21, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3544

Re: We are where we are?

Do you have “golden handcuffs” keeping your in current job — eg RSUs, options, etc? If not, I’d start just applying to some jobs in your area or somewhat tangential. You might find an opportunity that excites you.
by Pierre Delecto
Fri Feb 21, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3544

Re: We are where we are?

54/52 ages - neither of us really enjoy our work So what is stopping you from finding work that you would enjoy? Stage and Age. Apathy? I'm in leadership in a sector I have been for almost 3 decades. I wrestle with the "stick it out for 2-3 years" --if I were to downshift it would come at a likely ...
by Pierre Delecto
Fri Feb 21, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

A coworker of mine was standing on a street corner in SF next to a cop and a large group of naked bicyclers peddled by. The cop didn’t even care and did nothing.
by Pierre Delecto
Fri Feb 21, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5532

Re: San Francisco with a Family

I’m not sure what area of SF are nice for families, good schools, not crazy commutes. If you're referring to public schools, in San Francisco they're assigned by a lottery system, not by where you live. Are you sure you'll be working in San Francisco and not on the peninsula? There are many good ne...
by Pierre Delecto
Fri Feb 21, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: We are where we are?
Replies: 35
Views: 3544

Re: We are where we are?

JoeRetire wrote:
Fri Feb 21, 2020 4:33 pm
soccerrules wrote:
Fri Feb 21, 2020 4:25 pm
54/52 ages - neither of us really enjoy our work
So what is stopping you from finding work that you would enjoy?
+ 1. Think bold.