Yes you should probably care. The same AP class is not equivalent in rigor across all schools. A school having only 3 AP classes reveals a lack of investment in the AP program and likely subpar teaching talent for those classes.
Search found 1588 matches
- Wed Jul 21, 2021 2:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Private vs Public school .. HCOL .. should I upgrade house for good school district ?
- Replies: 40
- Views: 3420
Re: Private vs Public school .. HCOL .. should I upgrade house for good school district ?
- Wed Jul 21, 2021 2:41 pm
- Forum: US Chapters
- Topic: Searching for Lost Contributors
- Replies: 537
- Views: 138211
Re: Searching for Lost Contributors
I miss his Tax Efficiency annual updatesRandolph Mortimer wrote: ↑Wed Jul 21, 2021 2:29 pm Whatever happened to Triceratop? He was a mod here and then just disappeared
- Tue Jul 20, 2021 10:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Private vs Public school .. HCOL .. should I upgrade house for good school district ?
- Replies: 40
- Views: 3420
Re: Private vs Public school .. HCOL .. should I upgrade house for good school district ?
Married ... One kid 2 year old ... planning to have 1 more kid I live in Los Angeles in a ok neighborhood but public school here suck. The house currently I live in is worth around 800-900k which I bought for 450k in 2015. We have no need to change the house at the moment as it satisfies all our needs. However when our kid is ready to go to elementary school I have 2 options 1) Pay for good private school near my current house which can range anywhere from $20k-$40k per year / child 2) Upgrade to a 2M-2.5M house and utilize the public school system... higher property tax & more monthly payments what would be the best path to take down the road ? I want to provide my children excellent education You’re probably paying only $5k in proper...
- Sun Jul 18, 2021 7:16 pm
- Forum: Investing - Theory, News & General
- Topic: PBS FRONTLINE: The Power of the Fed
- Replies: 54
- Views: 8524
Re: Stocks as Safe Haven
I think it would be foolish ever to count on stocks as a "safe haven." Stocks have always been risky in the past. I don't think it is going to be different in the future. An official policy statement "as reaffirmed effective January 26, 2021" says The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates. Those three items, maximum employment stable prices moderate long-term interest rates are (mysteriously) known as the "dual" mandate and have been written into law since 1978. Nothing about the stock market is part of the mandate. Stocks aren't the Fed's business, exce...
- Sat Jul 17, 2021 8:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Relationship mortgage discounts for moving a million assets
- Replies: 1169
- Views: 228056
- Sat Jul 17, 2021 5:10 pm
- Forum: Personal Consumer Issues
- Topic: Why Does No One Talk About Sales Tax When Considering Locations to Retire?
- Replies: 136
- Views: 10746
Re: Why Does No One Talk About Sales Tax When Considering Locations to Retire?
Hi I did a search of this forum and found not much discussion on sales tax by location/state. Which is odd as its by far the biggest tax we'll pay to a state when we retire and it can vary a lot not just in the rate but where it is applied. For example some states do not tax groceries and services where as others do. So recall I"m retiring in 5 years and in preparation I've already made some visits to other "low cost" states to check them out. I live in CA. My situation is fairly straight-forward, going to live of an $84K p.a. pension for 12 years until SSN of $60K kicks in. In the mean time I'll draw $20K per annum from my retirement accounts. It's interesting that all of the "how good is this state" calculators l...
- Fri Jul 16, 2021 10:29 am
- Forum: Personal Finance (Not Investing)
- Topic: I need to manufacture income
- Replies: 11
- Views: 1783
Re: I need to manufacture income
If you don't have enough tax liability to capture the full tax credit, a lease can be a good alternative. This all depends on manufacturer incentives and negotiating the right deal, but when I did this (Kia Niro EV) in the spring, the lease incentive was about $8500 higher than the purchase incentive, more than capturing the full federal tax credit. I did a one-pay lease for 3 years, so no monthly payments and saved on finance charge. If I buy the car at the end of the lease, I'll only end up paying several hundred dollars more overall than if I'd bought in the first place, and probably less after inflation, not to mention the savings in sales tax should I not choose to buy out the lease. +1. Volvo XC40 Recharge is passing through the full...
- Thu Jul 15, 2021 9:01 pm
- Forum: Personal Investments
- Topic: When to use a taxable brokerage account
- Replies: 29
- Views: 3964
Re: When to use a taxable brokerage account
When you want to borrow at 1.1%
- Thu Jul 15, 2021 4:44 pm
- Forum: Personal Consumer Issues
- Topic: Why leasing a new car is always the best option even if you intend to keep it forever
- Replies: 182
- Views: 25789
Re: Why leasing a new car is always the best option even if you intend to keep it forever
I recently purchased (not leased) a $70k new Volvo XC90 against my own advice.
3000 miles in, the transmission had to be replaced.
It will be fixed, but that repair record will forever live on the CarFax and my resell value will be impaired.
Not something I would have had to worry about if I had leased.
3000 miles in, the transmission had to be replaced.
It will be fixed, but that repair record will forever live on the CarFax and my resell value will be impaired.
Not something I would have had to worry about if I had leased.
- Thu Jul 15, 2021 2:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Home Affordability
- Replies: 30
- Views: 2638
Re: Home Affordability
But I'd say with roughly $2.5M saved + $0.7M in house equity, with high incomes including roughly $150k/year in stock vesting while in your mid-30's... You are killing it!!! :beer + 1 I am not familiar with the Chicago market but I can't image that the cost would be an issue. The biggest issue that I can see is that you might buy a house that is physically too big. With three kids if your house is too big then you may not be able to hear them when they are on the other side of a house and there is a problem. There is also a potential problem with you have unused space in a large home since you may not see problems before they become a big problem. I know someone who ended up in a very large house after a divorce where there was just one ad...
- Thu Jul 15, 2021 11:03 am
- Forum: Personal Finance (Not Investing)
- Topic: Home Affordability
- Replies: 30
- Views: 2638
Re: Home Affordability
You guys make $850k/yr.
You can afford anything you want in Chicago.
I’m partial to Wilmette.
You can afford anything you want in Chicago.
I’m partial to Wilmette.
- Wed Jul 14, 2021 5:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
The richest people didn’t get that way by being debt-averseWhite Coat Investor wrote: ↑Wed Jul 14, 2021 3:57 pmIt does make you wonder why someone with millions in taxable feels a need to have a mortgage though, much less one they can't afford to pay.Tingting1013 wrote: ↑Tue Jul 13, 2021 4:29 pmCredit score is trashed for 7 years or so. That’s about it.White Coat Investor wrote: ↑Tue Jul 13, 2021 2:44 pm It's not like you walk away with no consequences.
Does not matter too much if you have millions in taxable that you can sell to buy your next house in cash.
- Wed Jul 14, 2021 9:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Flipping your car lease now??
- Replies: 40
- Views: 5443
Re: Flipping your car lease now??
For those of you who have leases that are due around this time, has anyone thought about purchasing your leased car only to turn around and sell it back to dealer or someone else? This may be one of those periods when “leasing made sense” given the rise in used car prices. I know this would have been impossible to predict but it doesn’t change the fact that those people who leased will have the option to purchase a car that is likely below the market rate. I understand there will be minimal public support for car leasing on this forum but I am sure there are plenty of leasers lurking. Has anyone successfully “flipped” their leased car? Yes I know this smells of market timing as well. For the record I lease one and own one. It’s my way of g...
- Tue Jul 13, 2021 8:59 pm
- Forum: Investing - Theory, News & General
- Topic: Active MF that Bogleheads believes and invest for long term!
- Replies: 63
- Views: 7519
Re: Active MF that Bogleheads believes and invest for long term!
Trading manager risk for index construction risk…arcticpineapplecorp. wrote: ↑Tue Jul 13, 2021 8:06 pmyes, by definition every actively managed fund assumes manager risk.
just because the fund did well (past tense) with a manager, doesn't mean the risk wasn't still there.
you diversify away that particular risk by owning an index fund, which requires NO manager because it's passively managed.
- Tue Jul 13, 2021 8:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
Interest only for how long? I had one of these loans a long time ago. They eventually become normal loans. https://www.investopedia.com/terms/i/interestonlymortgage.asp "Most interest-only mortgages require only the interest payments for a specified time period—typically five, seven, or 10 years. " Mine became a normal loan after five years and the rate adjusted, which was fine back then as rates were steadily going down. What if rates go up? That would be my concern. Most typically, 10 years. Heres the fine print for the 5/1 ARM IO at Schwab: "This adjustable rate mortgage (ARM) offers interest only payments for 10 years and principal and interest payments thereafter based on a 20-year amortization. The initial rate of inte...
- Tue Jul 13, 2021 7:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
Interest only for how long? I had one of these loans a long time ago. They eventually become normal loans. https://www.investopedia.com/terms/i/interestonlymortgage.asp "Most interest-only mortgages require only the interest payments for a specified time period—typically five, seven, or 10 years. " Mine became a normal loan after five years and the rate adjusted, which was fine back then as rates were steadily going down. What if rates go up? That would be my concern. Most typically, 10 years. Heres the fine print for the 5/1 ARM IO at Schwab: "This adjustable rate mortgage (ARM) offers interest only payments for 10 years and principal and interest payments thereafter based on a 20-year amortization. The initial rate of inte...
- Tue Jul 13, 2021 4:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
Credit score is trashed for 7 years or so. That’s about it.White Coat Investor wrote: ↑Tue Jul 13, 2021 2:44 pm It's not like you walk away with no consequences.
Does not matter too much if you have millions in taxable that you can sell to buy your next house in cash.
- Tue Jul 13, 2021 4:28 pm
- Forum: Investing - Theory, News & General
- Topic: Active MF that Bogleheads believes and invest for long term!
- Replies: 63
- Views: 7519
Re: Active MF that Bogleheads believes and invest for long term!
outperformed what? it hasn't beat its index over the past 13 years. The S&P 500. And yes, yes it has: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=FCNTX&benchmark=VFINX&startDate=01%2F01%2F2008 thats not its index. It’s beaten both S&P and “Large Growth”, which btw are pretty much the same thing. https://fundresearch.fidelity.com/mutual-funds/summary/316071109 It is a mistake to label the S&P500 as a large growth portfolio, but I've seen well known financial advisors make that mistake repeatedly. Valuations of the S&P500 are above historical averages, but value and growth are defined as tilts positive or negative from the market so they are relative measures, not absolute ones. Unlike the S&am...
- Tue Jul 13, 2021 11:40 am
- Forum: Personal Consumer Issues
- Topic: [my] real world vehicle TCO (total cost of ownership)
- Replies: 18
- Views: 2581
Re: [my] real world vehicle TCO (total cost of ownership)
Largest cost was depreciation. However, when I look at my previous vehicle, the used Saturn Vue that was purchased with ~80k miles for $7200 - the deprecation of that was ~$100 per month, plus $12-15 / mo in additional repair costs vs the VW (and that was DIY work, parts only cost). So the net depreciation cost of owning a new car vs used, was only about an extra $27-30 per month. Which was partially made up for in fuel cost savings. This is under appreciated by Bogleheads who only buy used. Fuel savings tend to be pretty minimal when comparing the same car. 2012 civic go 28/39. 2020 gets 30/38. The advantage the VW had over the saturn was as much being a wagon as being a newer car. But there are two basic ways of looking at it. Either you...
- Tue Jul 13, 2021 11:15 am
- Forum: Investing - Theory, News & General
- Topic: Active MF that Bogleheads believes and invest for long term!
- Replies: 63
- Views: 7519
Re: Active MF that Bogleheads believes and invest for long term!
It’s beaten both S&P and “Large Growth”, which btw are pretty much the same thing.hnd wrote: ↑Tue Jul 13, 2021 11:06 amthats not its index.Tingting1013 wrote: ↑Tue Jul 13, 2021 10:59 amThe S&P 500.
And yes, yes it has:
https://www.portfoliovisualizer.com/fun ... F01%2F2008
https://fundresearch.fidelity.com/mutua ... /316071109
- Tue Jul 13, 2021 11:04 am
- Forum: Personal Consumer Issues
- Topic: [my] real world vehicle TCO (total cost of ownership)
- Replies: 18
- Views: 2581
Re: [my] real world vehicle TCO (total cost of ownership)
This is under appreciated by Bogleheads who only buy used.surfstar wrote: ↑Tue Jul 13, 2021 11:01 am Largest cost was depreciation. However, when I look at my previous vehicle, the used Saturn Vue that was purchased with ~80k miles for $7200 - the deprecation of that was ~$100 per month, plus $12-15 / mo in additional repair costs vs the VW (and that was DIY work, parts only cost). So the net depreciation cost of owning a new car vs used, was only about an extra $27-30 per month. Which was partially made up for in fuel cost savings.
- Tue Jul 13, 2021 10:59 am
- Forum: Investing - Theory, News & General
- Topic: Active MF that Bogleheads believes and invest for long term!
- Replies: 63
- Views: 7519
Re: Active MF that Bogleheads believes and invest for long term!
The S&P 500.
And yes, yes it has:
https://www.portfoliovisualizer.com/fun ... F01%2F2008
- Tue Jul 13, 2021 10:56 am
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
You're not increasing the amount of your money at risk by paying down the mortgage. The mortgage is separate from the value of the asset. Paying down the mortgage earns you a return of 2.5%, no more, no less. Take it or leave it. I am impressed you found a $1.8 million house in the Bay Area. Does it have a bathroom AND a bedroom? That's not true in every case. Many states are "non-recourse" meaning the lender cannot go after you for a shortfall if they foreclose and sell the property. So, if something were to happen that lowers the property value (local economic desolation, structural problems are discovered, property becomes radioactive wasteland, etc.) then you can mail the keys to the lender and walk away for no bigger loss th...
- Mon Jul 12, 2021 11:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: 32 y/o contemplating on a Career Change into Tech
- Replies: 59
- Views: 6421
Re: 32 y/o contemplating on a Career Change into Tech
What's going on? https://www.bogleheads.org/forum/viewtopic.php?f=1&t=340504 Contemplating retirement at almost 1.8M with a goal of 5M-10M back in February of this year to a career change at almost 700k. :oops: Stop gambling! Don't mix your career with your seek to thrill ideas and work on getting some balance in your life! :shock: :shock: :shock: How did the OP manage to lose 60% of their portfolio in the last 4-5 months?!?! Gambling with spacs , overall went up around 200k net but was up over a million this year and lost most of it by not cashing out in time Seriously????? Always cash out a SPAC post announcement, always! Was planning to cash out after the announcement but it was sell the news ... After they announced the spac deal i...
- Mon Jul 12, 2021 11:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
+1. Fixed rate loans are just another form of market timing.
- Mon Jul 12, 2021 11:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: 32 y/o contemplating on a Career Change into Tech
- Replies: 59
- Views: 6421
Re: 32 y/o contemplating on a Career Change into Tech
Seriously?????sjl333 wrote: ↑Mon Jul 12, 2021 11:45 pmGambling with spacs , overall went up around 200k net but was up over a million this year and lost most of it by not cashing out in timemarcopolo wrote: ↑Mon Jul 12, 2021 11:39 pm2pedals wrote: ↑Mon Jul 12, 2021 9:40 am What's going on?
viewtopic.php?f=1&t=340504
Contemplating retirement at almost 1.8M with a goal of 5M-10M back in February of this year to a career change at almost 700k. Stop gambling! Don't mix your career with your seek to thrill ideas and work on getting some balance in your life!
How did the OP manage to lose 60% of their portfolio in the last 4-5 months?!?!
Always cash out a SPAC post announcement, always!
- Mon Jul 12, 2021 10:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
Jumbo via Schwab/Rocket Mortgage:fyre4ce wrote: ↑Mon Jul 12, 2021 10:41 pmInteresting perspective. I hadn't thought I could get an ARM at the same rate, but there's no good reason to think that would be true.Tingting1013 wrote: ↑Mon Jul 12, 2021 7:57 pm This is not the right assumption. If LIBOR stayed the same you would be able to refi the ARM into a new ARM with a new “promo” rate, probably at the same rate you had before.
Was your 1.5% IO conforming or jumbo?
https://www.schwab.com/public/schwab/ba ... gage_rates
Looks like the 5/1 IO is 0.75% cheaper than the 30 year fixed right now.
- Mon Jul 12, 2021 10:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
What is a “very low qualified capital gains rate”?
My LTCG rate is 35%. I don’t think that’s “very low” at all.
- Mon Jul 12, 2021 7:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
There’s a big difference in risk between getting a fixed rate for 30 years, and a fixed rate for 5 and variable after that. There’s less risk than you think. 1. If you are super concerned about rates rising you can get a 10 year fixed IO loan. The average lifespan of a home loan is only 7 years. People move. 2. These loans have interest rate caps. My 1.5% IO is capped at 6.5% after year 5. Even if it shoots up to that rate (which I think is highly unlikely), it would have to stay there for several more years for the initial decision to have taken out the IO loan to be a bad one, because of all the money you saved in the first 5/7/10 years. 3. While the IO loan is active you are shoveling more money into the markets than you otherwise would...
- Mon Jul 12, 2021 7:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Interest only mortgage: the conservative choice?
- Replies: 130
- Views: 19079
Re: Interest only mortgage: the conservative choice?
There’s a big difference in risk between getting a fixed rate for 30 years, and a fixed rate for 5 and variable after that. There’s less risk than you think. 1. If you are super concerned about rates rising you can get a 10 year fixed IO loan. The average lifespan of a home loan is only 7 years. People move. 2. These loans have interest rate caps. My 1.5% IO is capped at 6.5% after year 5. Even if it shoots up to that rate (which I think is highly unlikely), it would have to stay there for several more years for the initial decision to have taken out the IO loan to be a bad one, because of all the money you saved in the first 5/7/10 years. 3. While the IO loan is active you are shoveling more money into the markets than you otherwise would...
- Mon Jul 12, 2021 2:43 pm
- Forum: Personal Consumer Issues
- Topic: Review of sardine brands
- Replies: 44
- Views: 9452
Re: events that require unfreezing credit
Everything I have tried from them has been deliciousdual wrote: ↑Mon Jul 12, 2021 12:42 pmI thought they were. Who knows? I want to branch out from sardines. Do you recommend the mackerel?Tingting1013 wrote: ↑Mon Jul 12, 2021 12:24 pmYou’re right, they only have salmon, mackerel and mussels. Maybe sardines are not sustainable?dual wrote: ↑Mon Jul 12, 2021 12:20 pmI could not find any Patagonia Provisions sardines. Can you provide a link?Tingting1013 wrote: ↑Mon Jul 12, 2021 11:32 am Patagonia Provisions is really high quality and you can buy through Whole Foods/Amazon
- Mon Jul 12, 2021 2:43 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Not sure how that works. You borrow and pay back from free cash flow to avoid CG taxes on big big ticket items? If you are that rich and have cash flow it would only be advantageous to borrow on something that would exceed your cash flow for the year? Since most of us only borrow for homes or cars and that is easily managed with traditional financing, that leaves a lot of unnecessary stuff to borrow against your assets. What are we talking here, excessive spending? Excessive spending or FIRE. Imagine you have $5M in taxable brokerage $4M of which is capital gains. You are FIRE’d with no income except what you liquidate from your investments. The traditional approach is just to sell $200k of stock per year and pay $30k in capital gains taxe...
- Mon Jul 12, 2021 12:26 pm
- Forum: Investing - Theory, News & General
- Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
- Replies: 7737
- Views: 1338000
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
... This is the second time they have run this promo, and both times I have hit it HARD like a piledriver. The secret is a wallet full of well seasoned cards where nothing triggers a fraud alert. And at least one with a sign up bonus. I am the walrus. I must be missing something. What's the point? Hitting MSRs on new accounts? In addition to the comments from calwatch, I was able to fully max out quarterly bonuses for three of my credit cards (earning 5.25% on $7,500) and to complete a targetted spending bonus on another card. If I could pay for all of my investments with a rewards credit card for no fee, I would be happy to do so. It's a minimum of 2% return right off the bat. I have a slight grumble that AmEx is not allowed in this year'...
- Mon Jul 12, 2021 12:24 pm
- Forum: Personal Consumer Issues
- Topic: Review of sardine brands
- Replies: 44
- Views: 9452
Re: events that require unfreezing credit
You’re right, they only have salmon, mackerel and mussels. Maybe sardines are not sustainable?dual wrote: ↑Mon Jul 12, 2021 12:20 pmI could not find any Patagonia Provisions sardines. Can you provide a link?Tingting1013 wrote: ↑Mon Jul 12, 2021 11:32 am Patagonia Provisions is really high quality and you can buy through Whole Foods/Amazon
- Mon Jul 12, 2021 11:32 am
- Forum: Personal Consumer Issues
- Topic: Review of sardine brands
- Replies: 44
- Views: 9452
Re: Review of sardine brands
Patagonia Provisions is really high quality and you can buy through Whole Foods/Amazon
- Mon Jul 12, 2021 12:58 am
- Forum: Personal Investments
- Topic: Is this a smart plan?
- Replies: 10
- Views: 1208
Re: Is this a smart plan?
5/1 Interest Only ARM will be cheaper than a HELOC, the rate is fixed for five years (not true of the HELOC), and 5 years is a much more reasonable period of time to profit from a market recovery.
Schwab/Rocket Mortgage is offering 2.375% right now, reduced to 2.125% if you can move over $250k in investments:
https://www.schwab.com/public/schwab/ba ... gage_rates
Schwab/Rocket Mortgage is offering 2.375% right now, reduced to 2.125% if you can move over $250k in investments:
https://www.schwab.com/public/schwab/ba ... gage_rates
- Sun Jul 11, 2021 11:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: 32 y/o contemplating on a Career Change into Tech
- Replies: 59
- Views: 6421
Re: 32 y/o contemplating on a Career Change into Tech
Salary is not the whole picture. When you look at tech you have to add equity. That’s what all these people who say “SWEs only make $150k in Silicon Valley” are missing - the RSUs and ISOs.phantom0308 wrote: ↑Sun Jul 11, 2021 11:49 pm For those looking into aerospace comp, https://h1bdata.info is alright for getting a salary ranges (based on reported data from visas) in most stem companies. Glassdoor is pretty bad from what I’ve seen. Levels.fyi is the gold standard for tech but is less useful in most engineering fields.
- Sun Jul 11, 2021 10:08 pm
- Forum: Personal Investments
- Topic: Guidance for new grad, 1st real job
- Replies: 29
- Views: 3450
Re: Guidance for new grad, 1st real job
I don’t know that a new grad needs to be concerned about WLB, that’s more for new parents.
I’d give the opposite advice to a new grad, which is to accelerate earning potential whereever possible. This generally means improving one’s human capital through more education and/or high powered work experiences.
I’d give the opposite advice to a new grad, which is to accelerate earning potential whereever possible. This generally means improving one’s human capital through more education and/or high powered work experiences.
- Sun Jul 11, 2021 7:58 pm
- Forum: Personal Investments
- Topic: S&P without Tech
- Replies: 5
- Views: 837
Re: S&P without Tech
The sector with the lowest correlation to tech is utilities: https://www.portfoliovisualizer.com/asset-correlations?s=y&symbols=VDC+VOX+VCR+VDE+VFH+VHT+VIS+VGT+VNQ+VPU+VAW&timePeriod=1&tradingDays=120&months=36 I hold a big chunk of VPU as a result. Additional fun fact: a 50/50 portfolio of tech and utilities has beaten total stock market on both returns and risk https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviati...
- Sun Jul 11, 2021 7:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
... as long as interest rate < portfolio returns with a big payoff for your heirs... That's a big "if", there are no guarantees a stock portfolio will have returns higher than the interest rate (a bond portfolio almost certainly wouldn't at current rates.) Also, at the end of it your estate could have a HUGE balloon payment (or lose the collateral) and a HUGE tax payment built up (potentially most of it into the top tax brackets that might have been lower spread over time). Doesn't sound like a "big payoff for your heirs" unless you mean that they (your estate) will have a BIG PAYMENT to be making to someone else and the tax man. No guarantees that a stock portfolio will have higher returns than 1%/yr? I’d depend on tha...
- Sun Jul 11, 2021 7:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Exactly right, loan proceeds do not count as income.
- Sun Jul 11, 2021 7:10 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
... as long as interest rate < portfolio returns with a big payoff for your heirs... That's a big "if", there are no guarantees a stock portfolio will have returns higher than the interest rate (a bond portfolio almost certainly wouldn't at current rates.) Also, at the end of it your estate could have a HUGE balloon payment (or lose the collateral) and a HUGE tax payment built up (potentially most of it into the top tax brackets that might have been lower spread over time). Doesn't sound like a "big payoff for your heirs" unless you mean that they (your estate) will have a BIG PAYMENT to be making to someone else and the tax man. No guarantees that a stock portfolio will have higher returns than 1%/yr? I’d depend on tha...
- Sun Jul 11, 2021 6:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
With enough assets I have to think IBKR would also be willing to write a custom fixed-rate note for you as well…whodidntante wrote: ↑Sun Jul 11, 2021 6:17 pmYou'll need to ask your private banker about that. Not just a quip. How much you have and how much you are borrowing are material to the terms you will be offered.bogcir wrote: ↑Sun Jul 11, 2021 6:11 pmAny idea what kind of rates / duration we talking about? That makes this much more appealing.whodidntante wrote: ↑Sun Jul 11, 2021 6:02 pmIt is possible to get fixed-rate loans against securities through private banking.
- Sun Jul 11, 2021 5:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Who takes the dependent care FSA?
- Replies: 5
- Views: 822
Re: Who takes the dependent care FSA?
How did you justify the qualifying event to fund the second one?mervinj7 wrote: ↑Sun Jul 11, 2021 5:42 pmIn our case, both of us take the dependent care FSA since neither of them allow the higher limit for 2021.poppy42 wrote: ↑Sun Jul 11, 2021 1:59 pm Hi all,
I've seen some threads about who in a MFJ situation should take the dependent care FSA but I'm wondering about the scenario where both earners are above the $142,800 SS taxes threshold. If you have one earner making about $200K and the other making about $400K, does it matter which earner does the FSA?
Thanks!
- Sun Jul 11, 2021 5:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
No principal payments required and no repayment period. It’s interest-only for as long as you decide to keep the loan.nydoc wrote: ↑Sun Jul 11, 2021 5:31 pm Only place for margin loan for us would be a bigger than usual down payment if we find a dream house and has such requirements. Does anyone know how soon such loans need to be repaid? Can one keep paying interest and principal like a traditional mortgage for 30 years?
- Sun Jul 11, 2021 5:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Not sure how that works. You borrow and pay back from free cash flow to avoid CG taxes on big big ticket items? If you are that rich and have cash flow it would only be advantageous to borrow on something that would exceed your cash flow for the year? Since most of us only borrow for homes or cars and that is easily managed with traditional financing, that leaves a lot of unnecessary stuff to borrow against your assets. What are we talking here, excessive spending? Excessive spending or FIRE. Imagine you have $5M in taxable brokerage $4M of which is capital gains. You are FIRE’d with no income except what you liquidate from your investments. The traditional approach is just to sell $200k of stock per year and pay $30k in capital gains taxe...
- Sun Jul 11, 2021 5:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Not sure how that works. You borrow and pay back from free cash flow to avoid CG taxes on big big ticket items? If you are that rich and have cash flow it would only be advantageous to borrow on something that would exceed your cash flow for the year? Since most of us only borrow for homes or cars and that is easily managed with traditional financing, that leaves a lot of unnecessary stuff to borrow against your assets. What are we talking here, excessive spending? Excessive spending or FIRE. Imagine you have $5M in taxable brokerage $4M of which is capital gains. You are FIRE’d with no income except what you liquidate from your investments. The traditional approach is just to sell $200k of stock per year and pay $30k in capital gains taxe...
- Sun Jul 11, 2021 5:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
- Replies: 177
- Views: 32703
Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Exactly, and then when you die your assets are stepped up in basis for your heirs and no tax is ever paid!Vulcan wrote: ↑Sun Jul 11, 2021 4:55 pmIf you can continue to borrow against appreciating assets, you can have all the cash flow you desire with no taxable income to show for it.Shallowpockets wrote: ↑Sun Jul 11, 2021 4:51 pm Not sure how that works. You borrow and pay back from free cash flow to avoid CG taxes on big big ticket items?
- Sun Jul 11, 2021 2:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: When did (do) you increase your spending?
- Replies: 103
- Views: 13748
Re: When did (do) you increase your spending?
1. Our "base" spending hasn't gone up all that much over the years we have spent from our retirement portfolio. However, our spending on "one of" things like remodeling projects has added a lot of spending for us. 2. I have started buying I-bonds POD to our grandchildren. That will increase our yearly spending a total of $20,000. My hope is that we will never need these I-bonds, if so they are available for us while we are alive. 3. I always wonder about the hesitation for making large gifts to children. Typically a parent has had decades to observe their childrens financial habits. Seems unlikely the vast majority of the children would suddenly go completely of the rails if they received large amounts. Truth be told, t...
- Sun Jul 11, 2021 11:53 am
- Forum: Personal Investments
- Topic: Jepi [JPMorgan Equity Premium Income]
- Replies: 8
- Views: 1668