Search found 346 matches

by TigerNest
Thu Jul 23, 2020 9:55 am
Forum: Personal Consumer Issues
Topic: Who's tested for Radon? Who's mitigated?
Replies: 29
Views: 1916

Re: Who's tested for Radon? Who's mitigated?

I grew up in a house with a radon mitigation system. It's very straightforward to install and requires minimal maintenance. Radon is common and occurs naturally in the soil around here. It's also #2 cause of lung cancer in the US (after smoking), and is estimated to cause 20k+ deaths per year in the...
by TigerNest
Fri Jul 03, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 94
Views: 8620

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

Burton Malkiel is the reason I became a boglehead. He was my professor for Intro to Finance, and he taught us the importance of investing early and the benefits of index investing. His class was also the first time I heard about Vanguard. It's fair to say his course changed my life!
by TigerNest
Fri Jul 03, 2020 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and Cons of engaging a real estate in my house hunt
Replies: 8
Views: 576

Re: Pros and Cons of engaging a real estate in my house hunt

Any particular reason to be wary of for buying a house now? I was hoping to take advantage of the low interest rates. In times of economic uncertainty there is often a decline in real estate values. With higher unemployment there are usually fewer people buying houses and more houses may be offered...
by TigerNest
Fri Jul 03, 2020 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and Cons of engaging a real estate in my house hunt
Replies: 8
Views: 576

Re: Pros and Cons of engaging a real estate in my house hunt

We are first time homebuyers in the DC area and have been actively searching for a month. We've found a buyers agent to be very helpful. We're moving from out of state and found a realtor with 30 years experience in the neighborhoods we were considering. She coordinated with all the sellers agents f...
by TigerNest
Tue Jun 30, 2020 4:04 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4645

Re: At what point can you justify a $10k+ flight?

I just can't do it. I hate coach, but I just can't imagine paying $10,000 for a slightly more comfortable seat for a few hours.

If someone offered me $10,000 to sit in an uncomfortable chair for 12 hours I would do it, and that's basically the same thing.
by TigerNest
Sat Jun 13, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Lawyer Fees in 2020- edited
Replies: 21
Views: 2356

Re: Lawyer Fees in 2020- edited

New Providence wrote:
Fri Jun 12, 2020 8:45 pm
Maybe get a law student for half of the price?
To be clear, it is illegal to practice law without a license.
by TigerNest
Wed May 06, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13728

Re: Is Disney the most tempting value stock?

Movie theaters, Theme Parks, Sports (ESPN), Cruises, merchandise sales.... It's a well-run company with good IP, but they seem much more exposed to covid-impacted industries than most large companies, and some of those segments may take a while to recover. It's also only down ~30% YTD, back to 2018 ...
by TigerNest
Mon Apr 27, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on home purchase?
Replies: 4
Views: 397

Re: Advice on home purchase?

You can probably afford this house on your income. Have you done the math on how much the mortgage payment will be? 20% down is a good goal, but it's not essential. You'll have to pay PMI (private mortgage insurance), but you can get rid of it once you've paid down the balance to below 80%. It sound...
by TigerNest
Mon Apr 27, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you keep cold hard cash in your home?
Replies: 22
Views: 1283

Re: Do you keep cold hard cash in your home?

$500. We use it to pay the babysitter sometimes.
by TigerNest
Thu Apr 23, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13083

Re: Moving out of NYC due to pandemic

We are planning to move out of Manhattan this summer -- we also have young children and no real estate. I think the city that emerges will be a very different one than it was just a few months ago. Will there be restaurants, museums, ball games, parades? I don't know. We will all likely need to adap...
by TigerNest
Wed Mar 25, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: So.... is this really "it"? Is this what we needed to mentally prepare for?
Replies: 158
Views: 14451

Re: So.... is this really "it"? Is this what we needed to mentally prepare for?

VTI peaked on Feb. 19, just 5 weeks ago. The decline has hit with remarkable speed. We're back to early 2017 levels. This downturn feels different right now because it feels like there's a simple explanation for the decline -- the virus and the quarantine -- and there's something of an end in sight:...
by TigerNest
Mon Mar 23, 2020 9:48 pm
Forum: Personal Consumer Issues
Topic: Daycare closed
Replies: 140
Views: 11035

Re: Daycare closed

Ours is still charging the full cost while closed: $800 / week for our 2 kids. It's an in-home daycare in New York City with 10-12 kids. The owner is saying they're not technically closed and is waiting for guidance from the state, and one child was still going as of last week. Some of the other par...
by TigerNest
Mon Mar 16, 2020 11:09 am
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9804

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

We don't need a vaccine to end the pandemic. We just need to arrest the spread of the virus with control measures like what was done with SARS. There hasn't been a new case of SARS since 2004 despite no curative treatment existing for it. SARS wasn't as contagious as COVID, and aggressive quarantin...
by TigerNest
Sun Mar 15, 2020 8:54 pm
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9804

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

There's also a chance we don't develop a vaccine. We have not been able to cure common colds, of which 20% are caused by coronaviruses. We do not have a permanent effective vaccine for influenza - a new one has to be developed every year, it's only partially effective, and influenza is still is one ...
by TigerNest
Sun Mar 15, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9804

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

Yes, I do. To frame your question slightly differently, "Is it possible the coronavirus will materially impair economic output over the next few years?" I think the answer is clearly yes. There are a few ways it can do that: There will be many deaths, and a significant number of survivors could end ...
by TigerNest
Fri Mar 13, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12643

Re: Are you still going to the gym ...

Definitely not. This virus is spreading extremely quickly. It may not spread through sweat, but all it takes is one person to cough or wipe their nose/face then grab a barbell. We left New York City this week for the time being to stay with family in the suburbs, pulled our kids out of daycare, and ...
by TigerNest
Mon Feb 24, 2020 2:01 pm
Forum: Personal Investments
Topic: Study CFA just for personal investment and portfolio management knowledge
Replies: 55
Views: 4284

Re: Study CFA just for personal investment and portfolio management knowledge

I am a CFA charterholder. It taught me a lot, it’s been helpful in my career, but it has not changed my personal investing approach. I use a 3-fund portfolio. I would not take it unless it helped your career in some way. It is a huge time commitment, and it isn’t really designed for personal investi...
by TigerNest
Sat Feb 22, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: Is the market media over-reacting to coronavirus?
Replies: 71
Views: 4901

Re: Is the market media over-reacting to coronavirus?

If anything I think it's under-reacting. Covid-19 has not spread en masse outside of China yet. But if it does, there is a very real potential for a pandemic that kills tens of millions of people. The flu kills <0.1% of people it infects each year in the US, but that translates into tens of thousand...
by TigerNest
Sat Feb 15, 2020 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone bypass insurance for primary care?
Replies: 108
Views: 6919

Re: Does anyone bypass insurance for primary care?

My solution (as a mostly healthy guy in my 30s) has basically been to just to stop getting physicals. It's been so difficult over the last 5+ years to find a PCP that takes my insurance in pretty much every city I've lived. This year, though, after two visits to Urgent care for an ear infection, I j...
by TigerNest
Fri Oct 11, 2019 11:22 pm
Forum: Investing - Theory, News & General
Topic: “Upgrading” a regular Vanguard taxable account to a brokerage account
Replies: 18
Views: 2368

Re: “Upgrading” a regular Vanguard taxable account to a brokerage account

*IF* you work in the financial world, make sure that Vanguard is in the list of approved brokers before you run the conversion to Brokerage platform. My MegaCorp does not approve of brokerage platforms at Vanguard, but if you are on a mutual fund platform at Vanguard they are ok. They specifically ...
by TigerNest
Fri Aug 09, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2465

Re: Unlimited PTO, for employees, is an HR con / scam / evil plan to "tether" employees to a workplace? HubSpot? SAS?

I consider "unlimited PTO" to be a negative in a career search, and would try to avoid a place that offers it. I'm hoping it's a fad that dies off, but there's a lot of cost savings to companies that offer it since they don't have to accrue/pay out vacation time anymore, so I expect to see more of i...
by TigerNest
Fri Aug 09, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate
Replies: 13
Views: 1493

Re: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate

Why are you doing a dozen wire transfers a month? Could a business account be more appropriate? Or an alternative transfer method that doesn't involve a wire?
by TigerNest
Wed Jul 24, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: What companies provide the best customer service
Replies: 58
Views: 4720

Re: What companies provide the best customer service

Schwab is consistently great.
by TigerNest
Sat Jun 22, 2019 7:33 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 765

Re: Why no total US market ETF outside US - only S&P500

Can you invest in the ETF version, VTI?
by TigerNest
Mon May 27, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage when losing a job?
Replies: 13
Views: 1286

Re: Pay off mortgage when losing a job?

I’m sorry to hear about the lost job. I agree with the other posters - do not pay the mortgage off. I also would not do anything radical like sell the house yet. There are a lot of one-time expenses with home buying and you don’t know what your commute at your next job will be (or if you’ll have to ...
by TigerNest
Mon May 20, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5476

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Who will your first patient be? What will your first 10 clients look like? How would they find you? Why would they choose you over everyone else? Business plans are helpful planning tools, but before you get there you should decide on your how you’re differentiated - is it you offer lower costs, bet...
by TigerNest
Mon May 06, 2019 2:40 pm
Forum: Personal Investments
Topic: Convert VTSAX to VTI because of VTI's lower expense ratio?
Replies: 43
Views: 7690

Re: Convert VTSAX to VTI because of VTI's lower expense ratio?

To put it into context, this is $100 per year per $1,000,000 invested.
by TigerNest
Sat Apr 27, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes
Replies: 37
Views: 2147

Re: Taxes

[deleted]
by TigerNest
Tue Mar 05, 2019 6:17 pm
Forum: Personal Investments
Topic: Time to sack Warren Buffett?
Replies: 41
Views: 4636

Re: Time to sack Warren Buffett?

He's outperformed the market over the last few years.
  • 2018 returns were 2.8% vs. (4.4)% of the S&P 500
  • 2017 returns were 21.9% vs. 21.8% for the S&P500
  • 2016 returns were 23.4% vs. 12.0% for the S&P 500
You can see it his latest letter: http://www.berkshirehathaway.com/letters/2018ltr.pdf
by TigerNest
Sat Feb 23, 2019 12:31 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 115
Views: 14778

Re: How did mylife.com get my info?

I looked up myself. The income and net worth were way off. They are probably extrapolating from census data in your zip code. They have some woman I never heard with a criminal record listed as a relative. They have me listed as having criminal violations which can only be traffic citations. I woul...
by TigerNest
Sun Feb 17, 2019 10:51 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2293

Re: My First Mega Backdoor Roth

johnra wrote:
Sun Feb 17, 2019 10:33 pm
3) Still the main determinant of where you contribute is your marginal tax rate
How so?
by TigerNest
Sun Feb 17, 2019 10:32 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2293

Re: My First Mega Backdoor Roth

And that's why you use a cash/stable value fund in the after-tax sub-account, so you don't have a loss. Of course, I hadn't even thought of that. Great idea. How much are the quarterly AUM fees? Maybe I'm being penny wise, pound foolish. When I looked at it last year they were low enough that inves...
by TigerNest
Sun Feb 17, 2019 10:04 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2293

Re: My First Mega Backdoor Roth

Find out what the paperwork will entail to roll over. It may be easier to have a Roth IRA at the same custodian as the 401k. Thanks Duckie! Who would I ask, my 401k provider or Schwab (the recipient)? I'd rather not have to open a new account. When I asked my 401k provider (Prudential) what it woul...
by TigerNest
Sun Feb 17, 2019 8:59 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2293

My First Mega Backdoor Roth

For the first time in my career/life, I think I'm able to fund a Mega Backdoor Roth. I'd love some feedback from the community to make sure I'm implementing it correctly. The situation: I currently fund my 401(k) with $19,000 and get a $1,000 match. So I think I can fund another $36,000 (I am under ...
by TigerNest
Sun Dec 30, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside to superfunding 529 Plan just before college starts?
Replies: 7
Views: 1235

Re: Any downside to superfunding 529 Plan just before college starts?

You are missing risk. There is no guarantee that the 100 k investment will be higher in 3years. If you don’t get a state tax deduction for the 529, I would just cash flow it. A constant refrain here is that money needed within 5 years should be saved, not invested. If you really feel like risking s...
by TigerNest
Sun Dec 30, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 136
Views: 14764

Re: Annuities objectively considered

I’ll probably get an annuity when I’m very old to protect against longevity risk. I think it’s a fine product for a specific use case. The problem is simple annuities got commoditized and insurance companies and agents don’t make much money off of them. The insurance industry tried to ‘innovate’ by ...
by TigerNest
Sun Dec 30, 2018 9:06 am
Forum: Personal Investments
Topic: Investing/saving for downpayment in 3 years
Replies: 15
Views: 1161

Re: Investing/saving for downpayment in 3 years

We had a similar investment goal and time horizon, and ended up buying individual Treasury notes that mature a few months before we plan to buy a house. The yields were slightly higher than CDs and are re-sellable in a pinch, though ideally you want to hold them to maturity.
by TigerNest
Fri Dec 28, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3822

Re: not funding kid's tuition

As others have said, college costs are vastly different today, and there is a chance your child will be permanently crippled financially if he or she goes to an expensive school without fully understanding the consequences. I don’t think you are necessarily morally obliged to pay, but you should mak...
by TigerNest
Wed Dec 26, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: Is there a Nassim Taleb portfolio?
Replies: 38
Views: 10216

Re: Is there a Nassim Taleb portfolio?

2. Taleb's recommendation to his non-professional readers is a bar-bell: - 90% in the safest investments possible - 10% highly speculative investments that have a potential to catch positive Black Swans This sounds like it would leave one very exposed to a Black Swan event that affected safe invest...
by TigerNest
Mon Dec 17, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 112
Views: 6839

Re: Kid schooling - not learning much academically. Looking for suggestions.

We have looked at public schools. The general comments I received from other parents are "public schools goal is to bring less able students to certain acceptable level". You should ask some different parents. 90% of Americans go to public school. I went to public school all my life and went to Pri...
by TigerNest
Tue Nov 20, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: The Rise of Passive Investing - Are we missing something?
Replies: 18
Views: 3326

Re: The Rise of Passive Investing - Are we missing something?

To add some numbers to this, passive management in the US went from 13% of the market in 2001 to around 38% in 2017. A majority of investing remains active. Ironically, most money is almost certainly already in passive management and has been that way for probably a decade or two with no noticeable...
by TigerNest
Mon Nov 19, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: The Rise of Passive Investing - Are we missing something?
Replies: 18
Views: 3326

Re: The Rise of Passive Investing - Are we missing something?

To add some numbers to this, passive management in the US went from 13% of the market in 2001 to around 38% in 2017. A majority of investing remains active.
by TigerNest
Thu Nov 08, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: PenFed new savings rates
Replies: 20
Views: 2957

Re: PenFed new savings rates

For comparison, Marcus (Goldman Sachs' consumer bank) is offering 2.55% 1-year and 3.1% 5-year. They also have a 13 month 'no withdrawal penalty' CD for 2.15%. And the online savings account is currently at 2.05%. I've held CDs with both, but recently just started investing in US Treasuries. The 1-y...
by TigerNest
Mon Nov 05, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Argentina Trip Over Winter Break
Replies: 20
Views: 2007

Re: Argentina Trip Over Winter Break

Iguazu Falls is one of the most beautiful places I have ever been. Truly a memorable trip.
by TigerNest
Sat Oct 13, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3949

Re: Not convinced with insurance

Makes sense to me. We didn't get life insurance until we had a child. Life insurance quotes did get more expensive when I hit my mid-30s, so we went with a 20-year term instead of a 30-year term since we figure we shouldn't need the insurance by the time we're in our mid 50s, hopefully with a house ...
by TigerNest
Thu Oct 11, 2018 11:13 pm
Forum: Personal Investments
Topic: American Funds by Capital Group
Replies: 6
Views: 872

Re: American Funds by Capital Group

They're one of the most reputable and respected active managers in the US.

They have $1.7 trillion in assets under management, which puts them in the top 10 of asset managers by size, larger than Wellington and T. Rowe Price but smaller than Fidelity.
by TigerNest
Sat Sep 29, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: For real liquid cod liver oil.........?
Replies: 16
Views: 1343

Re: For real liquid cod liver oil.........?

It sounds very old-timey. Why do you want it?
by TigerNest
Wed Sep 26, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6682

Re: Economic reasons for rate increase by the Fed?

The Fed sets the nominal, short-term interest rate, but the real interest rate is set by market forces and the state of the economy. The Fed needs to periodically adjust the nominal rate so it's in equilibrium with what they estimate is the real interest rate, otherwise the economy will slow or it w...
by TigerNest
Mon Sep 17, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3973

Re: a low grade in a 9th-grade test

A good life lesson. Definitely do not give up on honors classes (let alone switch schools - yikes). I’d suggest talking to the kid to find out what went wrong. Then I’d suggest he or she meet with the teacher to discuss what went wrong, and ask them to help make a plan to get back on the right track...