Search found 403 matches

by Tingting1013
Thu Oct 22, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

I agree and personally know several engineers making $$ that are north of numbers talked here. But to say that these numbers are norm or median isn’t true. What I have found is getting these type of salaries is highly dependent on location. Bay Area or NYC are there but Seattle/Boston are catching ...
by Tingting1013
Wed Oct 21, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

A large portion. Not an outlier. Greater than 30%, for sure. I'm not sure how you would define "the norm," but it certainly isn't an outlier. 30% of software engineers started from nothing and got a 2x-3x median income job after a few months of studying ? Clearly you need to inform other software d...
by Tingting1013
Wed Oct 21, 2020 4:08 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

Howdy I think luxury is a term that means different things to different people. For me, it means comfortable and especially reliable and hassle free. My greatest luxury is time, and dealing with time consuming/expensive automobile maintenance and repairs is something to avoid. For me Lexus = luxury...
by Tingting1013
Wed Oct 21, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal City to live in?
Replies: 90
Views: 5078

Re: Ideal City to live in?

ktd wrote: Wed Oct 21, 2020 1:50 pm Sierra Foothills towns. Think Folsom, El Dorado Hills, Neveda City, Grass Valley, or Placerville. Very scenic views.
Agreed. Get out there before all your fellow Bay Area transplants drive up the home values even more.
by Tingting1013
Wed Oct 21, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ideal City to live in?
Replies: 90
Views: 5078

Re: Ideal City to live in?

With a new kid coming, stay put. Your world is about to get smaller. :D A perfect place doesn't exist. A northern suburb of Phoenix would likely be a match with a somewhat lower cost of living. Hiking and outdoors. Hot in the summer, but low humidity and better "spring/fall/winter" weather. Maybe P...
by Tingting1013
Wed Oct 21, 2020 12:49 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

I usually keep 2 cars at once (one to raise my blood pressure and one to lower it) and cycle them every 2 years. Wife has a car too but it’s more or less traded every 5+ years because she’s not a nut like I am. ...but basically I acquire 1 car per year because of that approach. . Very non boglehead...
by Tingting1013
Wed Oct 21, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

WHAT YOU DON'T GET IS THESE JOBS ARE NOT PLENTIFUL. They are plentiful enough that anyone who is willing to put in the effort to study for a few months has a good shot one. You can say that for ANY industry. If you are willing to put in the effort, most people are capable of getting to the top of w...
by Tingting1013
Wed Oct 21, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

WHAT YOU DON'T GET IS THESE JOBS ARE NOT PLENTIFUL. They are plentiful enough that anyone who is willing to put in the effort to study for a few months has a good shot one. You can say that for ANY industry. If you are willing to put in the effort, most people are capable of getting to the top of w...
by Tingting1013
Wed Oct 21, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

wfrobinette wrote: Wed Oct 21, 2020 10:28 am
WHAT YOU DON'T GET IS THESE JOBS ARE NOT PLENTIFUL.
They are plentiful enough that anyone who is willing to put in the effort to study for a few months has a good shot one.
by Tingting1013
Wed Oct 21, 2020 9:59 am
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

Go with a more "Boglehead-like" choice such as the Ford Explorer XLT for half the price. You wouldn't believe the cost savings in these decisions over a lifetime. And while you're looking, pick up a copy of the Millionaire Next Door to see why outward appearance and status symbols aren't in your be...
by Tingting1013
Tue Oct 20, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 149
Views: 12242

Re: Where do you buy coffee beans?

Drink what exorbitantly paid Silicon Valley coders drink and live the volatile RSU compensation life vicariously through a cup of coffee!

https://www.redgiantcoffeeroasters.com/
by Tingting1013
Tue Oct 20, 2020 4:18 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

A $90k budget could buy two SUVs with two rows each, that would be four rows in total. Does not solve my problem of toddlers crying inconsolably in the back. Based on my own experience of having 2 boys, 11 and 5, kids grow very quickly. Toddlers should not *only* be the reason for the decision, IMH...
by Tingting1013
Tue Oct 20, 2020 4:03 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

flyingaway wrote: Tue Oct 20, 2020 4:02 pm A $90k budget could buy two SUVs with two rows each, that would be four rows in total.
Does not solve my problem of toddlers crying inconsolably in the back.
by Tingting1013
Tue Oct 20, 2020 3:25 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

Why buy a car in this price range, lease. You'll be tired of the dated features in a few years and can lease a new one every 3 years to bring new happiness. Better yet, lease the DW one next year and have double the happiness. This is what most people do. Agree 100% with this. For people who care e...
by Tingting1013
Tue Oct 20, 2020 1:03 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

Many moons ago, I upgraded from my 15yo sedan to an entry-level luxury car. From a financial standpoint, the maintenance and upkeep expenses went up, but I anticipated that and didn't mind so much. To me, it as worth the improved driving experience. What I didn't anticipate was the mental shift in ...
by Tingting1013
Tue Oct 20, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Austin
Replies: 35
Views: 2340

Re: Moving to Austin

All the top VCs are in the Bay Area and are wealthy enough to stay.

That factor alone tells me tech will mostly stay.
by Tingting1013
Tue Oct 20, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Austin
Replies: 35
Views: 2340

Re: Moving to Austin

Thanks for sharing, this is very helpful. My compensation won’t be altered in any meaningful way so kind of makes sense to me. I was presented with a similar opportunity recently. My Federal taxable income in California is $600k per year MFJ. This incurs Federal income tax of $160k. My California s...
by Tingting1013
Tue Oct 20, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: HCOL Housing Budget - Input Needed
Replies: 6
Views: 871

Re: HCOL Housing Budget - Input Needed

2% property tax is pretty typical outside of California
by Tingting1013
Mon Oct 19, 2020 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Austin
Replies: 35
Views: 2340

Re: Moving to Austin

I was presented with a similar opportunity recently. My Federal taxable income in California is $600k per year MFJ. This incurs Federal income tax of $160k. My California state income tax is $50k. If we were to move to Texas I estimate our income would drop by $100k. I would pay Federal tax of $125k...
by Tingting1013
Mon Oct 19, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL Housing Budget - Input Needed
Replies: 6
Views: 871

Re: VHCOL Housing Budget - Input Needed

$100k taxes
$100k savings
$100k housing
$100k everything else

Looks good to me.
by Tingting1013
Mon Oct 19, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

These comp packages absolutely exist and are far more common than just Facebook/Google/Apple. I will never understand the need of some to deny this fact. My employer is a second-tier tech company and I'm still pulling down >$375k as a senior engineer in the middle of the company. IME, Levels.fyi is...
by Tingting1013
Mon Oct 19, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

One question is how two people who seemingly have extremely demanding careers (based just on salaries) are going to have time to drive a car extensively. Do you have some specific activity planned for the car, and will a car (vs. truck or suv) suffice? Is the car for both of you? What other vehicle...
by Tingting1013
Mon Oct 19, 2020 3:33 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

Pretty much what the title states. Budget is $90k + taxes. Consideration set: Tesla Model X Audi SQ7 Mercedes GLS BMW X7 M50i Any others worth checking out? Well...did you end up looking at any of them? Sort of curious your impressions. My wife told me she literally saw every one of these at the da...
by Tingting1013
Mon Oct 19, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

Pretty much what the title states. Budget is $90k + taxes. Consideration set: Tesla Model X Audi SQ7 Mercedes GLS BMW X7 M50i Any others worth checking out? Well...did you end up looking at any of them? Sort of curious your impressions. My wife told me she literally saw every one of these at the da...
by Tingting1013
Mon Oct 19, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

I'll give my perspective from having owned an Audi A6 turbo. I really liked the car, but it was expensive to own. I bought at a great price for $42k in 2003, and owned for 10 years. I leased then bought after the lease term three years in, and purchased a dealer warranty to 100k miles. Kept the car...
by Tingting1013
Mon Oct 19, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

Pretty much what the title states. Budget is $90k + taxes. Consideration set: Tesla Model X Audi SQ7 Mercedes GLS BMW X7 M50i Any others worth checking out? Well...did you end up looking at any of them? Sort of curious your impressions. My wife told me she literally saw every one of these at the da...
by Tingting1013
Mon Oct 19, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

Suburban/Yukon XL. I had one to pull a boat and a racecar and to plow snow. The width and room inside are the selling features. Say you have two tweens who do nothing but fight. One in the second row driver seat, other in the third row passenger side. They physically cannot touch each other. (been ...
by Tingting1013
Mon Oct 19, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

As a fellow software engineer, it's all about equity, not salary. My RSU's are worth 2-5x my salary depending on the year. CA requires salary disclosure now, but is mum on equity. No idea how to phrase that as party of your requirement but here's an attempt: I require a salary of $250k and RSUs of ...
by Tingting1013
Mon Oct 19, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

It's not bragging, it's just stating reality. The compensation numbers thrown around are not rare. They are not outliers. And they are not limited to just a couple of VHCOL cities. They are limited to certain types of companies with high profit/employee ratios, but those companies are numerous and ...
by Tingting1013
Mon Oct 19, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 163
Views: 8184

Re: Convince us to buy our first luxury car!

Just wanted to point out that $800/month could just be buying with cash and properly accounting for depreciation expense.
by Tingting1013
Sun Oct 18, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 136
Views: 8954

Re: Software developer about to seek new opportunities -- discuss salary up front?

I find it puzzling why some feel the need to downplay the prevalence of the pay. I am just mentioning my experience. As I said I have been in the industry since 1999 so I am not some new kid on the block (been fiddling around with tech since 1985 so very very very long time ago when we had 16 MEGAH...
by Tingting1013
Sun Oct 18, 2020 2:54 pm
Forum: Personal Investments
Topic: Substitute imtm for Vea
Replies: 15
Views: 730

Re: Substitute imtm for Vea

imtm will likely underperform in a period where value outperforms growth. Why? Wouldn’t IMTM just switch out all of its growth stocks for value stocks? It’s a momentum fund, it’s supposed to hold whatever has gone up recently, whether that’s growth or value. By the time a momentum fund acquires a s...
by Tingting1013
Sun Oct 18, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Why international underperformed - it’s the earnings growth rate!
Replies: 51
Views: 4737

Re: Why international underperformed - it’s the earnings growth rate!

Meanwhile my Vanguard International Growth Admiral is up 36.87% this year. Weird stuff man. My Fidelity Growth Co Pool is up 51%. I know growth funds are not widely accepted around here but they are doing great things for me this year. Tesla and Amazon.com in the top 10 holdings of Vanguard Interna...
by Tingting1013
Sun Oct 18, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Delayed Financing with a margin loan
Replies: 9
Views: 649

Re: Delayed Financing with a margin loan

The margin loan has no official connection to the house. It doesn’t show up on any credit report. When applying for the mortgage, as far as the bank is concerned the house is owned free and clear. Would taking out a mortgage on the house after purchase be considered a "refinance" in the eyes of the...
by Tingting1013
Sun Oct 18, 2020 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Delayed Financing with a margin loan
Replies: 9
Views: 649

Re: Delayed Financing with a margin loan

It is also my understanding that in order for the interest to be deductible, mortgage debt must be used to "buy, build or improve" your home or to refinance existing qualifying debt, or for some other qualified purpose. Since you'd be refinancing debt which is not secured by the house and therefore...
by Tingting1013
Sat Oct 17, 2020 11:16 pm
Forum: Personal Investments
Topic: Substitute imtm for Vea
Replies: 15
Views: 730

Re: Substitute imtm for Vea

You've got to ask yourself one question: 'Do I feel lucky?' Well, do ya? If by “lucky” you mean “subscribe to the academic research that shows a sustained momentum premium has existed for the past two centuries across multiple asset classes” then yes, I feel quite lucky indeed. http://www.investmen...
by Tingting1013
Sat Oct 17, 2020 11:05 pm
Forum: Personal Investments
Topic: Substitute imtm for Vea
Replies: 15
Views: 730

Re: Substitute imtm for Vea

Northern Flicker wrote: Sat Oct 17, 2020 10:35 pm imtm will likely underperform in a period where value outperforms growth.
Why? Wouldn’t IMTM just switch out all of its growth stocks for value stocks?

It’s a momentum fund, it’s supposed to hold whatever has gone up recently, whether that’s growth or value.
by Tingting1013
Sat Oct 17, 2020 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 470656

Re: Share your net worth progression

invest2bfree wrote: Sat Oct 17, 2020 4:38 pm 012017 - $2.5million (Got $1million from work after company I worked got sold).
How long did you work at this company for until the stock payout?
by Tingting1013
Sat Oct 17, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 10914

Re: Time travel for high salary earners

What is the point of being a high earner if you’re not going to spend the money? Might as well have spent less time studying in school and found a normal job with normal hours and normal pay.

My household income is approaching $800k at age 34 & 35.

I am looking for a $100k SUV to celebrate.
by Tingting1013
Sat Oct 17, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 10914

Re: Time travel for high salary earners

The rich are different from you and me; they have more money. Please do not confuse income with wealth. Doctors and lawyers are among the worst professions in accumulating wealth. KlangFool Klangfool, I don’t think this is what it says in The millionaire next door”. Do you have data for this common...
by Tingting1013
Sat Oct 17, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on job decision
Replies: 32
Views: 2712

Re: Weigh in on job decision

I think you need to really try to understand if they'd be fine with you only coming in 1 week a month. It's still not ideal if you are going to have kids soon though. Are you both planning to work after having a baby? Since you both have similar high income careers, you need consider how this impac...
by Tingting1013
Sat Oct 17, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: Selective international investing
Replies: 22
Views: 1147

Re: Selective international investing

If it’s underperformance you’re worried about just buy IMTM
by Tingting1013
Sat Oct 17, 2020 9:38 am
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

bogledogle wrote: Sat Oct 17, 2020 9:33 am Lincoln Navigator should be on your list. SQ7 has the lease interior room - I would not buy it if I was looking for a 3 row for space.
I would actually prefer a shorter vehicle all else being equal. Easier to park on city streets.
by Tingting1013
Sat Oct 17, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Re: Looking for a three row SUV; $90k budget

RootSki wrote: Sat Oct 17, 2020 9:21 am Volvo XC90 T8 (7 seats).
This is a very interesting option I’m looking more into. The plug-in hybrid model is an especially intriguing alternative to the Tesla.
by Tingting1013
Sat Oct 17, 2020 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 10914

Re: Time travel for high salary earners

Nobody said they had below average net worth. They are bad at accumulating wealth. Compared to their income they are not prodigious savers. Here’s a book. https://smile.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474/ref=mp_s_a_1_3?dchild=1&keywords=the+millionaire+next+door+book...
by Tingting1013
Fri Oct 16, 2020 11:44 pm
Forum: Personal Consumer Issues
Topic: Looking for a three row SUV; $90k budget
Replies: 103
Views: 7370

Looking for a three row SUV; $90k budget

Pretty much what the title states. Budget is $90k + taxes.

Consideration set:

Tesla Model X
Audi SQ7
Mercedes GLS
BMW X7 M50i

Any others worth checking out?
by Tingting1013
Fri Oct 16, 2020 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in a pandemic
Replies: 15
Views: 1799

Re: Downsizing to one car in a pandemic

I still keep my cars because all I pay is $200 (insurance) and $75 (DMV renewal) a year. When the pandemic is over and you are required to go back to work like before, you will have to buy car again. You may get better deal, but for me it's not worth time since I am driving an old car. But it may m...
by Tingting1013
Fri Oct 16, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 10914

Re: Time travel for high salary earners

Nobody said they had below average net worth. They are bad at accumulating wealth. Compared to their income they are not prodigious savers. Here’s a book. https://smile.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474/ref=mp_s_a_1_3?dchild=1&keywords=the+millionaire+next+door+book...
by Tingting1013
Fri Oct 16, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 385
Views: 23378

Re: Items that are worth the money for the quality

CRJPylote wrote: Fri Oct 16, 2020 10:22 pm Tires. I know many advocate for good tires, but its always worth repeating.
How does one know that a tire is “good”?
by Tingting1013
Fri Oct 16, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Time travel for high salary earners
Replies: 106
Views: 10914

Re: Time travel for high salary earners

Nope, it's true. Lots of doctors and lawyers feel the pressure to appear more wealthy than they actually are. Add to that they have some of the highest student loan debt. They spend the early years paying off their student loan debt and driving BMWs instead of fully funding their retirement account...