Search found 338 matches

by fatFIRE
Sun May 31, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: COVID-19 effect on globalization and international investment allocation
Replies: 8
Views: 717

Re: COVID-19 effect on globalization and international investment allocation

Globalization or de-globalization... Doesn't matter. Don't care.

50/50 split between US and International.

Now, the invest in US-only because it has so much international exposure people might start sweating if de-globalization occurs.
by fatFIRE
Sun May 31, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 33
Views: 1695

Re: Should I pull out of TIAA Real Estate...?

Wow... that kind of reinforces my point that with TIAA RE price lag, it makes sense to sell TIAA RE to rebalance into REITs (assuming you're keeping the same asset allocation). Unless I missed something, everything everybody is calculating is still based on the old appraisal schedule. The appraisal...
by fatFIRE
Sun May 31, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 63
Views: 4920

Re: Career advice for science PhD student

Another idea, totally different, is CROs, contract research organizations. Big example is Quintiles (they have a name change). I would highlight this is a very bad idea. Any type low-stability job like in a CRO will in all likelihood be detrimental to your career. You are essentially asking to be a...
by fatFIRE
Sun May 31, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

I think by definition it's almost impossible to be a "few decades away" from fatFIRE. I assume you realize the difficulty of "moving to Canada" before you retire: namely, finding a new job in Canada. Canada is aware of people moving there for healthcare reasons and isn't going to welcome just anybo...
by fatFIRE
Sun May 31, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

FIRE, FATFire, Barista FIRE, Morbidly Obese FIRE..... Don't people just "retire" anymore? Indeed, it is very confusing that some aim for Financial Independence, Retire Early (FIRE) but are concerned about not having a job after retiring. The point of FIRE is precisely not having to worry about havi...
by fatFIRE
Sun May 31, 2020 6:39 pm
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 33
Views: 1695

Re: Should I pull out of TIAA Real Estate...?

Wow... that kind of reinforces my point that with TIAA RE price lag, it makes sense to sell TIAA RE to rebalance into REITs (assuming you're keeping the same asset allocation).
by fatFIRE
Sun May 31, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 4
Views: 659

Should one permanently reduce REITs/RE because of COVID-19?

Under what conditions would you change your portfolio? Mine hasn't changed much since 10+ years ago. If you do change it, how do you justify that it is not market timing? I'm now considering if it makes sense to reduce REITs/RE in my portfolio, which currently stands at 8% total to perhaps 0-4%. If...
by fatFIRE
Sun May 31, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 33
Views: 1695

Re: Should I pull out of TIAA Real Estate...?

I think I will scratch my itch, and pull out of TIAA Real Estate. I could use the money to fill up my TIAA Trad which is sweet at 3%.

And the next thing to figure out if I want to swap it with REITs...
by fatFIRE
Sun May 31, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Although it's still too far, this thread has got me thinking about it. It looks like an optimal way would be to spend your working years, is creating your own branding and reputation and then post-FIRE if you want to quit your day job, start our own business leveraging that branding and reputation i...
by fatFIRE
Sun May 31, 2020 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a white-collar semi-retired WFH job that doesn't need skills/training?
Replies: 25
Views: 3299

Re: Is there a white-collar semi-retired WFH job that doesn't need skills/training?

Why does your mom want to quit her job? Obviously staying at home is not going to prevent exposure to covid19. She's a pre-school teacher. Massive exposure to lots of people, and she cannot WFH. She's old, has all the risk factors for COVID-19. Staying at home will prevent exposure. If she doesn’t ...
by fatFIRE
Sun May 31, 2020 12:22 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 190
Views: 16380

Re: Why not 100% PSLDX?

Latecomer, recently discovered this. Would it be possible to figure out with reasonable certainty how much the drawdown will be in the event of interest rates going up by a certain amounts, as that seems to be the only event that could 'stop' PSLDX? For example, for a normal S&P 500 fund, you know t...
by fatFIRE
Sun May 31, 2020 12:00 am
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 33
Views: 1695

Re: Should I pull out of TIAA Real Estate...?

Ok, I feel the itch. May I be damned for market timing. I have a small amount of money in TIAA Real Estate, and I'm wondering if I should swap it out for regular REITs. TIAA fact sheet indicates that 37% is in Office and 20% in Retail. We know (or at least it it my belief) that COVID-19 will cause ...
by fatFIRE
Sat May 30, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

To be honest I don't understand how 90+% of those who FIRE before 50 believe they are FI or can actually live the lifestyle to which they aspire. It just seems like most are headed for a hard landing later in life when there is little chance of recovery. In many ways it just seems like a different ...
by fatFIRE
Sat May 30, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Should I pull out of TIAA Real Estate...?
Replies: 33
Views: 1695

Should I pull out of TIAA Real Estate...?

Ok, I feel the itch. May I be damned for market timing. I have a small amount of money in TIAA Real Estate, and I'm wondering if I should swap it out for regular REITs. TIAA fact sheet indicates that 37% is in Office and 20% in Retail. We know (or at least it it my belief) that COVID-19 will cause a...
by fatFIRE
Sat May 30, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a white-collar semi-retired WFH job that doesn't need skills/training?
Replies: 25
Views: 3299

Is there a white-collar semi-retired WFH job that doesn't need skills/training?

So I convinced my mom to quit working before she gets infected with COVID-19. She's only a few years out to official retirement, and she doesn't earn that much at her job (which cannot be done remotely) to justify the risk of exposure. Let's just say there are 'other issues' at home, and she would p...
by fatFIRE
Sat May 30, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

I think by definition it's almost impossible to be a "few decades away" from fatFIRE. I assume you realize the difficulty of "moving to Canada" before you retire: namely, finding a new job in Canada. Canada is aware of people moving there for healthcare reasons and isn't going to welcome just anybo...
by fatFIRE
Sat May 30, 2020 4:20 pm
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs Compares Bitcoin to the Tulip Bubble
Replies: 58
Views: 3598

Re: Goldman-Sachs Compares Bitcoin to the Tulip Bubble

Crypto on the other hand has a finite element that is algorithmically controlled. Now, assuming that the algorithm is foolproof (I admit a BIG assumption) that means if we deem 1 BTC = $1000 USD today, the value has to go up in the future because of inflation. Also because people keep losing their ...
by fatFIRE
Sat May 30, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Agree health insurance is expensive. But, this discussion was about FatFIRE, which I think is supposed to mean being in great financial shape to retire early with a very nice style of living. If one has to work to get subsidized health insurance, I am just having a hard time seeing how they could b...
by fatFIRE
Sat May 30, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Agree health insurance is expensive. But, this discussion was about FatFIRE, which I think is supposed to mean being in great financial shape to retire early with a very nice style of living. If one has to work to get subsidized health insurance, I am just having a hard time seeing how they could b...
by fatFIRE
Sat May 30, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs Compares Bitcoin to the Tulip Bubble
Replies: 58
Views: 3598

Re: Goldman-Sachs Compares Bitcoin to the Tulip Bubble

Wow. https://imgur.com/30rHQwH.png Can't the same be said for gold or even fiat money? It's because society has placed value on gold that why it has "value". Ditto for the US dollar. Why can't the same be for bitcoin? Gold is an excellent electrical conductor and is used in jewelry. Gold has inhere...
by fatFIRE
Sat May 30, 2020 11:25 am
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs Compares Bitcoin to the Tulip Bubble
Replies: 58
Views: 3598

Re: Goldman-Sachs Compares Bitcoin to the Tulip Bubble

nisiprius wrote:
Wed May 27, 2020 8:54 pm
Wow.

Image
Can't the same be said for gold or even fiat money? It's because society has placed value on gold that why it has "value". Ditto for the US dollar. Why can't the same be for bitcoin?
by fatFIRE
Sat May 30, 2020 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Airline refusing to issue refunds
Replies: 145
Views: 12546

Re: Airline refusing to issue refunds

we had booked a spring break flight to nyc in feb early. united airlines now we were ask for a refund. instead airline willing to only give credit. They re-routed the flights but said that's still a valid connection/flight. Anyone have similar experience converting from credit to refund? Can you no...
by fatFIRE
Fri May 29, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Ok back to OP topic... I've always thought that retiring as a professor (teaching not research) would be a nice job post FIRE. You get lots of flexibility, healthcare... pay is not good (but you don't care at that point). The trouble is getting a tenured teaching position when you have zero track r...
by fatFIRE
Thu May 28, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Me and SO should be on track to FATFire around 45-50. However, I don't want to just sit at home at this time. In our 40s and 50s I would have worked 20+ years in software engineering and would have developed significant skills there to perhaps do something in that space. We are currently in our ear...
by fatFIRE
Thu May 28, 2020 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Ok back to OP topic... I've always thought that retiring as a professor (teaching not research) would be a nice job post FIRE. You get lots of flexibility, healthcare... pay is not good (but you don't care at that point). The trouble is getting a tenured teaching position when you have zero track r...
by fatFIRE
Thu May 28, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4846

Re: 1:1 salary and stock jobs?

I think the next question I have is: coming from a background in healthcare product development, how do I position myself to get one of these jobs at a tech company? For research scientist position, you are out of luck unless you have a CS background. You may hit jackpot if you can convince FAANG-l...
by fatFIRE
Thu May 28, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4846

Re: 1:1 salary and stock jobs?

But I think that misses the point of this post. The point is that jobs with significant equity compensation have significant growth potential relatively independent of what kind of work you do and how you do it. I can’t think of another job where an analyst starts off making $100k and ends up at $4...
by fatFIRE
Thu May 28, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Ok back to OP topic... I've always thought that retiring as a professor (teaching not research) would be a nice job post FIRE. You get lots of flexibility, healthcare... pay is not good (but you don't care at that point). The trouble is getting a tenured teaching position when you have zero track re...
by fatFIRE
Thu May 28, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 63
Views: 4920

Re: Career advice for science PhD student

Hi everyone, Seeing that a (probably disproportionate) number of Bogleheads have advanced STEM degrees, I would like to ask for some career advice. I am currently in my second year of a PhD in synthetic chemistry at a top-10 school, and recently decided to look for opportunities outside of academia...
by fatFIRE
Thu May 28, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4846

Re: 1:1 salary and stock jobs?

Just interviewed somebody today with 8 years of experience since college, currently manages a small team of data analysts. No MBA or masters of any kind. She’s making $200k base + $150k RSUs per year. You just don’t see these kind of numbers for comparable roles in any other industry... Kind of non...
by fatFIRE
Thu May 28, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4846

Re: 1:1 salary and stock jobs?

Is 350k out of the realm for finance/investment banking jobs? I know some people who started working for big name NYC firms right out of college without an extra degree but perhaps they’re the exception. Let me qualify my post: in terms of corporate jobs, other than tech, $350k is out of the realm ...
by fatFIRE
Thu May 28, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 76
Views: 4846

Re: 1:1 salary and stock jobs?

Just interviewed somebody today with 8 years of experience since college, currently manages a small team of data analysts. No MBA or masters of any kind. She’s making $200k base + $150k RSUs per year. You just don’t see these kind of numbers for comparable roles in any other industry... Kind of non...
by fatFIRE
Thu May 28, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 151
Views: 9385

Re: Simple jobs during FATFire?

Age 55 is like min-requirement to FIRE. Age 45 is like standard age from interacting with people in this community. Age 35 is gold standard. So there is no worrying about joining any of the special clubs like regular FIRE, Lean FIRE, Fat FIRE, Barista FIRE, Coast FIRE, MoFIRE, Fart FIRE, etc... for...
by fatFIRE
Wed May 13, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: How to look for a good Primary Care Physician (PCP), and no price transparency...
Replies: 35
Views: 2062

Re: How to look for a good Primary Care Physician (PCP), and no price transparency...

This is great information. Thanks A LOT!!! I wouldn't have thought about it but intermediate-level of experience now makes sense, good balance between enough experience and up-to-date with latest practices/research!
by fatFIRE
Wed May 13, 2020 4:28 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6607

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

The only people who think an Oculus Quest is “buy now or die” are 13-year old gamers. Doc says I have to lose weight or die (maybe not today, but soon). The only way I can loose weight is using an Oculus Quest https://www.vrfitnessinsider.com/robert-long-looses-138-pounds-playing-beat-saber-and-hes...
by fatFIRE
Wed May 13, 2020 4:14 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128984

Re: Coronavirus (Consumer Issues) How you are preparing?

I found this thread, it looks like we're on the same page. Hopefully no COVID-19 deniers here. From my other post, my COVID-19 expenditure has gone up A LOT. Increased Expenditure On 1) COVID-19 supplements to boost immune system: Vitamin C, Vitamin D, Zinc, Quercetin. I'm basically following most o...
by fatFIRE
Wed May 13, 2020 3:52 pm
Forum: Personal Consumer Issues
Topic: How to look for a good Primary Care Physician (PCP), and no price transparency...
Replies: 35
Views: 2062

How to look for a good Primary Care Physician (PCP), and no price transparency...

Healthcare prices is ridiculously untransparent in this country, Ok, I knew that. But it's a different thing when you are actually shopping. Anyway... I need to get a Primary Care Physician (PCP) ASAP... and I never had a PCP before. I don't like doctors and have stopped seeing them since 2013. But ...
by fatFIRE
Wed May 13, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6607

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

At best the dude is bored at home and buying tons of crap. At. worst he is suffering a mental breakdown. Most likely he is just trolling. I do like the idea that the only way to lose weight is to buy a 600 VR headset. Not overeating isn't an option. And if you actually ate healthy food, you wouldn'...
by fatFIRE
Wed May 13, 2020 12:13 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6607

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

The only people who think an Oculus Quest is “buy now or die” are 13-year old gamers. Doc says I have to lose weight or die (maybe not today, but soon). The only way I can loose weight is using an Oculus Quest https://www.vrfitnessinsider.com/robert-long-looses-138-pounds-playing-beat-saber-and-hes...
by fatFIRE
Wed May 13, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6607

Re: My spending has increased 2-3X since COVID-19!!! Has yours?

This feels like a thread that is going to be locked. You are mostly wasting your money. It is not. Every one of these items has a 'buy this now or die' emergency criteria, which is why it got passed in my 'emergency budget resolution' to spend. I am not happy with the amount of 'emergency budget re...
by fatFIRE
Wed May 13, 2020 11:58 am
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6607

My spending has increased 2-3X since COVID-19!!! Has yours?

[Thread merged into here, see below. --admin LadyGeek] I'm not too sure what to make of this. I usually have pretty regular/predictable spending patterns, but my expenses have gone up 2-3X since Mar when WFH and COVID-19 lock down started. My health has been adversely affected by COVID-19, and that...
by fatFIRE
Wed May 13, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Anyone considering Commodity futures?
Replies: 16
Views: 692

Re: Anyone considering Commodity futures?

No. NO. NO! NO!!!!!!!!!! NOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Unless it's Gold.

Contango adds like 5% ER to the fund. Just use USO as an example, see how well it track oil prices! At it's peak it was almost $1000, now it is $20. Has oil prices dropped by 50X since 2008?
by fatFIRE
Wed May 13, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation strategy (rocket ship tech)
Replies: 46
Views: 6496

Re: Compensation negotiation strategy (rocket ship tech)

One year update to this thread. Today marks 18 months since I joined my company, and in that time something completely unexpected has happened - my high beta unprofitable tech company turned out to be negatively correlated to the biggest economic downturn since the Great Depression! Stock is up 50%...
by fatFIRE
Tue May 12, 2020 6:50 pm
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1899

Re: Advantages of keeping your income below the stimulus check limits this year

How low can you reduce your AGI anyway? The only way I know of is to make 401k/HSA/IRA contributions...
by fatFIRE
Tue May 12, 2020 9:34 am
Forum: Personal Consumer Issues
Topic: COVID - 19 things to do
Replies: 51
Views: 4131

Re: COVID - 19 things to do

I've accepted that COVID-19 is here to stay FOREVER, and it made me feel much better. As weird as it sounds, by assuming that it won't go away, you will take actions you would not have taken otherwise, and also bad news doesn't bother you anymore. 2nd peak? Meh... No vaccine? Meh... Virus mutate to ...
by fatFIRE
Tue May 12, 2020 2:57 am
Forum: Personal Investments
Topic: ML/AI based withdrawal systems?
Replies: 11
Views: 706

Re: ML/AI based withdrawal systems?

LOL, this is a terrible idea. Can you say OVERFITTING? Ok, then say DISTRIBUTION SHIFT. Issues aside of little training data, it is very easy to overfit to finance data, which is why backtesting is so precarious and brittle. Also, how are you going to know when the model is operating in a new distri...
by fatFIRE
Mon May 11, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6194

Re: Retirement due to COVID 19 ?

3) N95 does not make you invulnerable. Unless you are wearing a hazmat suit under biosafety level 4 protocols, you are not protected 100%. You know that the virus is like 125nm. The N95 mask is only 95% efficient against particles of size 300nm. So the virus can get through. This is why i use the p...
by fatFIRE
Mon May 11, 2020 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: So the federal govt mandated free (tele)-healthcare doctor visits!?
Replies: 4
Views: 909

So the federal govt mandated free (tele)-healthcare doctor visits!?

So I was using the teledoc app, it basically allows you to 'visit' a doctor through the app (video chat). Then, I realized there was no charge even though I have a HDHP plan. I normally do have to pay for doctor visit. Reached out to insurance, and they said as per new federal legislation guidance, ...
by fatFIRE
Mon May 11, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6194

Re: Retirement due to COVID 19 ?

Here is what I can tell you. I work in a setting where I am guaranteed to see people who have COVID. I have practically zero fear of getting it. Why you ask? Because I wear a surgical mask and I request that all people I come in contact with do the same. I never touch the front of my mask, and I as...
by fatFIRE
Mon May 11, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for Layoff: Communicate my status?
Replies: 22
Views: 2353

Re: Planning for Layoff: Communicate my status?

I've also heard anecdotally about people being laid off, and then re-joining the same company as a vendor soon afterwards. Wow, that's terrible. I would advise not do to that, downgrading to non-FTE status is a huge risk. This is my opinion, but I'd rather have a gap in my employment during underst...