Search found 129 matches

by TechFI
Fri Aug 07, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: "Value Investing: When History May Not Be Enough"
Replies: 6
Views: 631

Re: "Value Investing: When History May Not Be Enough"

This kind of noise comes up all the time, people pontificating about stuff they don't know. Perhaps next time OP can provide an actual study, or even better an actual series of papers that shows the SCV premium is gone? Random collection of quotes is hardly something I would consider to be rigorous ...
by TechFI
Mon Aug 03, 2020 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 587
Views: 92242

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

Yes but each industry and career does have inherent differences from others. In a field like tech, knowledge of older tech can be viewed as a negative by some. In tech we have no unions, no barriers to entry (officially, unofficially one would hope less skilled persons do not work in a field but li...
by TechFI
Sat Aug 01, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 587
Views: 92242

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

I wonder if there are certainly commonalities or trends for those who lost their job in the 50s? Did you stagnate and 'get comfortable' after a while? How far did you climb the corporate ladder. TBH, it's all quite depressing. I lost my 20s because I has a young passionate fool, only really started ...
by TechFI
Sat Aug 01, 2020 12:41 am
Forum: Investing - Theory, News & General
Topic: What would it take to cause a QQQ Collapse?
Replies: 60
Views: 5868

Re: What would it take to cause a QQQ Collapse?

Since QQQ is teach heavy, I suspect a repeat of the 2000 dot.com bust will cause it to tank.

Does anyone know if a repeat of history is likely to happen?
by TechFI
Fri Jul 31, 2020 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance
Replies: 14
Views: 910

Re: Disability insurance

Thanks in advance for all the wisdom. I think I know the answer but I’m in need of some clarity I have a disability insurance with guardian that I pay $450/month for a 10K/month benefit of fully disabled. This is an “own occupation policy”. I am in good health. I got very sick with covid and was gl...
by TechFI
Fri Jul 31, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help me Increase Personal Disability Income Coverage
Replies: 1
Views: 219

Help me Increase Personal Disability Income Coverage

I'm getting really stressed these days, as I'm at this point 'desperately' trying to increase my disability income coverage. With the COVID-19 it's a no brainer that I need to increase my DI ASAP before I get infected. It's really frustrating working through DI policies because there is no informati...
by TechFI
Sat Jul 25, 2020 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

Been though too many of these arguments on the board to read the entire thread but I want to add to these two points. The under-30 "tech" crowd on this board sees the software industry (what we really mean) though rose tinted glasses of the last 10 years. Having worked in software since t...
by TechFI
Sat Jul 18, 2020 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 10882

Re: Retiring from a career in tech

I agree it is illegal and should be banned - but like i said - A LOT of companies exploit the h1b system to hire cheap labor. The h1b personnel have no choice but to accept the low salary or else they will be deported back to India. That is why they are willing to take a low rate, because $25/hr is...
by TechFI
Sat Jul 18, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 10882

Re: Retiring from a career in tech

I agree it is illegal and should be banned - but like i said - A LOT of companies exploit the h1b system to hire cheap labor. The h1b personnel have no choice but to accept the low salary or else they will be deported back to India. That is why they are willing to take a low rate, because $25/hr is...
by TechFI
Sat Jul 18, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 10882

Re: Retiring from a career in tech

Let's get some perspective here. Even at the most brutal tech companies like FB, Amazon and Netflix, working up to 60hrs/wk ain't a big deal. If you look at comparable careers compensation wise like management consulting (60-80hrs/wk), investment banking (80hrs/wk), medicine (not sure how many but ...
by TechFI
Sat Jul 18, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from a career in tech
Replies: 104
Views: 10882

Re: Retiring from a career in tech

Let's get some perspective here. Even at the most brutal tech companies like FB, Amazon and Netflix, working up to 60hrs/wk ain't a big deal. If you look at comparable careers compensation wise like management consulting (60-80hrs/wk), investment banking (80hrs/wk), medicine (not sure how many but n...
by TechFI
Thu Jul 16, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to set it such that no taxes are withheld?
Replies: 9
Views: 623

Re: How to set it such that no taxes are withheld?

I believe there is a minimum threshold of tax with holding that must be paid during the year. Failure to meet it would result in an IRS penalty. I believe OP was talking about making the tax payments via periodic estimated tax payments rather than paycheck withholding, not skipping the tax payments...
by TechFI
Thu Jul 16, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How to set it such that no taxes are withheld?
Replies: 9
Views: 623

How to set it such that no taxes are withheld?

I'm trying to set it such that no taxes are withheld from my income. I'm a W-2 income and I want to pay taxes manually to increase CC spend (signup bonus that kind of stuff). I'm looking at the W4 form and there's no way to do this? I know people set a higher number of allowance to get no taxes with...
by TechFI
Wed Jul 15, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

The balance should be on having shelter/food/health care/entertainment/retirement funding/side money. The median household income is $63k. If you try to support a family of four on $63k, it's going to be a long, slow slog to reach FI before you die. You would be much better off, going into some luc...
by TechFI
Wed Jul 15, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

As a young grad (only 2 years out of college) from a reputable school (Columbia Univ in NY), here's my opinion (from looking at my peers (and myself)) about 'which college degrees are worthwhile': (#1, 2, 3 is there to reason out my thought for 'which college degrees are worthwhile') .................
by TechFI
Wed Jul 15, 2020 2:46 am
Forum: Personal Investments
Topic: What to do with W-2 Box 14 DQDIS (ESPP related)?
Replies: 7
Views: 387

Re: What to do with W-2 Box 14 DQDIS (ESPP related)?

One might guess that DQDIS stands for Disqualifying Disposition - see that article for more. See also Your 1099-B form for an ESPP sale will probably be wrong . Finally, note that Box 14 is a catch-all for many different things, and usually does not affect your return: Understanding W-2 Boxes and C...
by TechFI
Tue Jul 14, 2020 8:18 pm
Forum: Personal Investments
Topic: Confused as to how to report my Roth->IRA->Roth IRA messup
Replies: 2
Views: 295

Re: Confused as to how to report my Roth->IRA->Roth IRA messup

- Did I do it correctly? I've read that I need to file another Form 8606, but I don't see HR Block doing that for me? You need to file form 8606 for 2019 now, then a 2020 form 8606 when you file next year. Not familiar with the H&RB input form, but if it generated a 2019 form 8606 with 6000, 0,...
by TechFI
Tue Jul 14, 2020 8:00 pm
Forum: Personal Investments
Topic: What to do with W-2 Box 14 DQDIS (ESPP related)?
Replies: 7
Views: 387

What to do with W-2 Box 14 DQDIS (ESPP related)?

I have this mysterious number in Box 14 of my W-2, "$1000 DQDIS". As far as I can tell it seems to be ESPP related, the difference between the ESPP discounted buy price and the ESPP actual price. When I put it into H&R Block, the tax increased. But the thing is I already filed my 1099-...
by TechFI
Mon Jul 13, 2020 12:25 am
Forum: Personal Investments
Topic: Confused as to how to report my Roth->IRA->Roth IRA messup
Replies: 2
Views: 295

Confused as to how to report my Roth->IRA->Roth IRA messup

I messed up earlier this year. - I was supposed to do a Trad IRA contribution then convert it to a Roth IRA. Instead I contributed to a Roth IRA directly. I'm over the income limit so have to use backdoor methods. - Worsening the situation, I did the 2019 IRA contribution in CY 2020 and not in CY 20...
by TechFI
Sun Jul 12, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

I have been following this thread, trying not to get sucked in, but I do think it’s getting a little unrealistic and dogmatic. TechFI writes: " And one should always align the college you are going to and the degree your are pursuing to the job you want after graduation. A degree from Harvard ...
by TechFI
Sun Jul 12, 2020 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

IMO the best way is to start with who you are, i.e., your strengths and interests, including ability to focus on one thing for a while because you like it, not which degrees have ROI in a vacuum. That is unless you're willing to work in a field you didn't particularly like because of the money with...
by TechFI
Wed Jul 08, 2020 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

8. He mentioned one symptom for both of us was being at the company a long time. There you go... that's the main reason why. In tech, it never pays to stay at one company for too long, unless its like top tier companies like Google, Facebook, etc. It's honestly a tradeoff you have to make. Do you w...
by TechFI
Tue Jul 07, 2020 2:44 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

Re: How much bid/ask spread on ETF is too much?

I plan to TLH using IJS -> AVUV -> VIOV (final) when the time comes. SLYV is very tax inefficient. AVUV is also unknown in terms of tax efficiency, but my plan is to use that as a temporary TLH intermediate. SLYV, VIOV, and IJS all track the same index and own the same stocks, so it’s unlikely they...
by TechFI
Tue Jul 07, 2020 2:42 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

Re: How much bid/ask spread on ETF is too much?

If you're using a limit when buying, I'd submit that you don't have to worry about the spread. Say bid is $100.00 and ask is $102.00, there's nothing stopping you from putting in a limit buy at $99. That's not true. The spread will be there regardless of how you execute it. By definition an ETF (as...
by TechFI
Tue Jul 07, 2020 12:40 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

Re: How much bid/ask spread on ETF is too much?

Purchasing more IJS this morning, but I calculated the bid ask spread to be about 0.1%, (bid-ask)/(current price). Is 0.1% considered too high or within acceptable limits? First, why are you buying IJS? VIOV and SLYV track the same index at a much lower expense ratio. Second, a 0.1% spread is low f...
by TechFI
Tue Jul 07, 2020 12:30 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

Re: How much bid/ask spread on ETF is too much?

Jack FFR1846 wrote: Tue Jul 07, 2020 12:18 pm If you're using a limit when buying, I'd submit that you don't have to worry about the spread. Say bid is $100.00 and ask is $102.00, there's nothing stopping you from putting in a limit buy at $99.
That's not true. The spread will be there regardless of how you execute it.
by TechFI
Tue Jul 07, 2020 12:29 pm
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

Re: How much bid/ask spread on ETF is too much?

Purchasing more IJS this morning, but I calculated the bid ask spread to be about 0.1%, (bid-ask)/(current price). Is 0.1% considered too high or within acceptable limits? First, why are you buying IJS? VIOV and SLYV track the same index at a much lower expense ratio. Second, a 0.1% spread is low f...
by TechFI
Tue Jul 07, 2020 11:58 am
Forum: Personal Investments
Topic: How much bid/ask spread on ETF is too much?
Replies: 14
Views: 695

How much bid/ask spread on ETF is too much?

Purchasing more IJS this morning, but I calculated the bid ask spread to be about 0.1%, (bid-ask)/(current price).

Is 0.1% considered too high or within acceptable limits?
by TechFI
Sun Jul 05, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 248
Views: 17442

Re: Which College degrees are worthwhile?

This is the best all weather college degree Rhetoric : https://rhetoric.berkeley.edu That department focus seems to be totally different than most "rhetoric" programs I am familiar with. My former editor is currently getting her PhD in rhetoric and composition at the University of Utah ht...
by TechFI
Sat Jul 04, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Signed a new job contract - realized I could have get a higher salary
Replies: 74
Views: 7463

Re: Signed a new job contract - realized I could have get a higher salary

What's your alternative if you walk and they don't chase after you? While you may be 1000% the right candidate, the next guy is 800% right and willing to come in at/below their price. They have an alternative, what's yours? Maybe open the door for them a bit, what else can they offer you besides gr...
by TechFI
Sat Jul 04, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

I see a lot of talk about tech, defense, and other highly skilled and specialized roles. Look at most industries: - Manufacturing plants - grocery stores - retail stores - law firms - normal departments of any mega Corp (HR, Legal, payroll, finance, customer service, etc) - Landscape companies, con...
by TechFI
Sat Jul 04, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

[All of this is why I never had any interest in becoming a manager (just filled in out times, sometimes for an extended stretch when they had trouble finding a permanent person). You have to deal with ridiculous personality issues, you are more expendable, you lose your tech edge and have tougher t...
by TechFI
Sat Jul 04, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

I feel like this is question I can pose here: For the experienced IT/tech leaders, was your salary highest in your org once you were at the director/sr. Director/VP level? Or did gaps still persist then too? I understand my role is to grow and reward the team etc. However at some point the relative...
by TechFI
Sat Jul 04, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

Wow, not sure if this is an industry thing, but common sense says a manager makes more than direct reports. That is true across the vast majority of businesses. So this concern from OP is natural. In medical sales where compensation is tied to base salary and commission plans, base salary is higher...
by TechFI
Sat Jul 04, 2020 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 151
Views: 10825

Re: Manager vs. Direct report salary issues

You need to check your ego, just because you are a manager doesn't mean you will necessarily earn more than you direct reports. Usually yes... but not always.

I'd reframe your arguments to your upper management as why I am worth more, not pay me more than my directs.
by TechFI
Sat Jul 04, 2020 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Signed a new job contract - realized I could have get a higher salary
Replies: 74
Views: 7463

Re: Signed a new job contract - realized I could have get a higher salary

Always negotiate, and make sure you have leverage like a BATNA (Best Alternative To a Negotiated Agreement), so that you can walk away, and of course let them know that, in a nice way of course. I find that the best employers are willing to pay for talent. Having been on both ends, I will respect a ...
by TechFI
Thu Jul 02, 2020 10:08 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

I wanted to revisit the 3X leverage calcs again to be sure I understand it correct. UPRO will basically 3X the daily returns, so by definition if the S&P 500 crashes by 33% it will go to zero (technically 1%). But because of circuit breakers, the max the index can decrease is 20%, so that's a 6...
by TechFI
Thu Jul 02, 2020 9:58 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

I wanted to revisit the 3X leverage calcs again to be sure I understand it correct. UPRO will basically 3X the daily returns, so by definition if the S&P 500 crashes by 33% it will go to zero (technically 1%). But because of circuit breakers, the max the index can decrease is 20%, so that's a 60...
by TechFI
Thu Jul 02, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

I never used the s... or f... words in an interview in my life. When I was looking for software jobs about a decade ago with a MS in EE, I had a hard time getting to any tech interviews. It seemed they were looking for people with CS degrees + software internships. Writing C/C++ code was easy. Gett...
by TechFI
Thu Jul 02, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

I never used the s... or f... words in an interview in my life. When I was looking for software jobs about a decade ago with a MS in EE, I had a hard time getting to any tech interviews. It seemed they were looking for people with CS degrees + software internships. Writing C/C++ code was easy. Gett...
by TechFI
Thu Jul 02, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

Another option is MBA, which is good if you have good people's skill. Analytics skill requirement is laughable, if you're an engineer, you're already ahead of the curve in terms of brainpower. A good MBA will open doors for you, like entry into Big Consulting. Starting compensation at $200k/yr (alm...
by TechFI
Thu Jul 02, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

Where are people buying UPRO/TMF? I tried purchasing some in my Roth IRA (Vanguard), and it would not allow me to buy leveraged products?! A lot of us are using M1 Finance. Thanks did some digging and found that Vanguard recently banned leveraged ETFs. Any concerns with using these 'next-gen' broke...
by TechFI
Thu Jul 02, 2020 10:34 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

Where are people buying UPRO/TMF? I tried purchasing some in my Roth IRA (Vanguard), and it would not allow me to buy leveraged products?!
by TechFI
Tue Jun 30, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

oldfort wrote: Tue Jun 30, 2020 6:25 pm Mastering coding is the easy part. The difficult part is getting past the HR screens without a computer science degree.
+1. This was my problem when I tried to break in.
by TechFI
Tue Jun 30, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

I'm thinking of DCA-ing this with my 5% (maybe 10%?) play money over the next few months. So my understanding is that UPRO can go to zero if the daily drop of S&P 500 drops by 33%, since the leverage calcs are accumulated on a daily basis. But because of circuit breakers S&P 500 will not dro...
by TechFI
Tue Jun 30, 2020 3:57 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 6713
Views: 643711

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

I came across this by chance when reading one of ERN's article on UPRO/TMF. I don't suppose there is a good primer for understanding this leverage ETF strategy (wiki page on leverage ETF ain't all that helpful)? I've read the original first post by HedgeFundie and it provided a quick overview of thi...
by TechFI
Mon Jun 29, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

OP, if you want to move into software or "data science" know that entry level is superbly flooded right now. BUT... even entry FTE positions make close to $100k/yr, which is more than what you're making. Accounting for COL adjustments, it could be the same. To get swim above the other entr...
by TechFI
Mon Jun 29, 2020 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

Hey OP, Sorry if this is too blunt - and please don't take this the wrong way - but your salary is extremely low for an engineer with 10+ years. I'm not in civil but my buddy is in HR for a civil engineering firm that focuses on structural engineering , people with S.E. licenses and he told me thes...
by TechFI
Mon Jun 29, 2020 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 155
Views: 14496

Re: Hopeless Civil Engineer

Another option is MBA, which is good if you have good people's skill. Analytics skill requirement is laughable, if you're an engineer, you're already ahead of the curve in terms of brainpower. A good MBA will open doors for you, like entry into Big Consulting. Starting compensation at $200k/yr (almo...