Search found 311 matches

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: 1081

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: 111
Views: 7263

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: Investing - Help with Personal Investments
Topic: Investing/saving for downpayment in 3 years
Replies: 15
Views: 988

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: 3330

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: 4326

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: 117
Views: 5873

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: 3144

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: 3144

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: 19
Views: 2328

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: 1713

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: 3721

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: Investing - Help with Personal Investments
Topic: American Funds by Capital Group
Replies: 6
Views: 659

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: 1224

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: 6208

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: 3570

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...
by TigerNest
Sun Sep 16, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5533

Re: 38% pay cut for dream job?

Take the job and enjoy!

Be conservative with money after it's earned. Careers are better with a little calculated risk taking.
by TigerNest
Sun Sep 16, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 9616

Re: Thinking of Retiring at 52, Please Critique Plan

travel424 wrote:
Sun Sep 16, 2018 12:58 pm
includes $10,000 for health insurance though looking at christian health sharing accounts and/or tax subsidies.
Christian health sharing accounts aren't the same as health insurance. I would be really worried about relying on one in my 50s, when health risk start to rise.
by TigerNest
Sat Sep 15, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1127

Re: ESOP, Options, Restricted Shares holders: When do you sell?

To add, when I was in my 20s, I got stock options that quickly were deep in the money and worth $12,000 but had a 4-year cliff vesting requirements. I planned to use it to pay for graduate school. 2 months before they vested, the stock cratered on a bad quarter and they ended up worth $1,100. Nothin...
by TigerNest
Sat Sep 15, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1127

Re: ESOP, Options, Restricted Shares holders: When do you sell?

I sell my restricted stock as soon as it vests. I have plenty of exposure to my company's stock performance through my unvested stock with 4+ year holding requirements. I don't need to add to it by holding on past when I have to. It's also a significant portion of my net worth (~40% if I counted it ...
by TigerNest
Sat Sep 15, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8979

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What about rain? That can be worse than snow. Yes, I think it's the rain that did them in. That and perspiration. I only walk 5 blocks in the rain to get to the subway, and obviously don't step in puddles, but I guess that's been enough to ruin them. Grr, what is the point of shoes you can't wear o...
by TigerNest
Sat Sep 15, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5710

Re: Employer won't Match 401k. Why?

Employers aren't allowed to selectively give you a higher match. They have to treat all employees equally.
by TigerNest
Thu Sep 13, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8979

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one ...
by TigerNest
Thu Sep 13, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8979

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one s...
by TigerNest
Sun Sep 09, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6839

Re: Lower Return Decade Says Jack: Thoughts?

10 year Treasury bills are a little under 3%.

Equity risk premium for the last 100 years has been 3.5% - 5.5%. It's been declining for years, but let's just use that range.

That means the market expects a 6.5% - 8.5% nominal return on the equity market over the next decade.
by TigerNest
Sun Sep 09, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18517

Re: Bay Area housing frenzy cooling

We left the Bay Area because of house prices. To Manhattan, where they're more reasonable. :shock: I think prices are sticky on the way down, often for years. The highest recent price burns into people's minds so they don't want to sell at a "discount". Those that have to sell do, those that don't l...
by TigerNest
Sun Sep 09, 2018 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: RSU tax payment question - Sell to Cover or Pay Cash
Replies: 3
Views: 458

Re: RSU tax payment question - Sell to Cover or Pay Cash

The tax treatment should be the same. Taxes are incurred on the day the shares vest and are available for sale, for the full amount. The difference between the two choices is that if you pay cash to cover the estimated taxes, you'll own more company shares. Question for you: if you had an equal amou...
by TigerNest
Mon Sep 03, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 10676

Re: Selling a car to CarMax

We've sold 2 cars to CarMax. It was a great experience, about as hassle-free as it could get. The prices we were offered were also quite good.
by TigerNest
Sat Aug 18, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: 529 accounts - overfunded?
Replies: 4
Views: 619

Re: 529 accounts - overfunded?

We have $60k in our 1.5-year old's 529 plan... We plan to put in $30k a year until he's 5 or 6, then stop contributing and let it ride. If he goes to a state school and/or gets a scholarship, that's great. He can use it for grad school. If he's done with school and there's money left over, we can sa...
by TigerNest
Sun Aug 05, 2018 11:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3970

Re: How did you become a Boglehead?

Burton Malkiel, who wrote A Random Walk Down Wall Street , was my college professor for Intro to Finance. I've been an indexer ever since. Pretty amazing experience. I wonder if I still have my sophomore year notes somewhere, when I wrote down that I needed to look up the firm 'Vanguard' after class.
by TigerNest
Sat Aug 04, 2018 10:49 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 578
Views: 68970

Re: Poll: At what age did you hit $500k Net Worth

The Great Recession hit early in my career, and my earnings growth disappeared for the rest of my 20s. Thankfully I was able to reset my compensation with a job hop at 31, and I hit 500k soon after.
by TigerNest
Sat Jul 28, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 6173

Re: Regret Public School?

I went to public school and had a great experience. We plan to send our kids to public schools. However, we plan to move to a very good school district when they're reach school age. If we stayed in our current neighborhood, we'd likely pay for a private one. There's no denying the distribution of p...
by TigerNest
Mon Jul 23, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 4641

Re: Anyone sell their car to Carmax or webuyanycar.com?

I sold my Corolla to Carmax when we moved across the country. It was great and I highly recommend it — super easy, very fair price.
by TigerNest
Fri Jul 20, 2018 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Structured Note
Replies: 19
Views: 1709

Re: Structured Note

wolf359 wrote:
Fri Jul 20, 2018 1:45 pm
- Your returns are taxed at ordinary income rates. This doesn't qualify for long term capital gains rates.
I just want to emphasize this, since it's a big deal.
by TigerNest
Thu Jul 12, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Eesh! 100% Company Stock - Help me with my 401k!
Replies: 20
Views: 1610

Re: Eesh! 100% Company Stock - Help me with my 401k!

Are you really sure you should be filing as 'Married Filing Separately'? It's not the same as both of you filing as Single. It limits a lot of your deductions, so it's rarely the better solution except for a few edge cases. Also I just want to make sure you're aware company matches don't count again...
by TigerNest
Thu Jul 12, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Planning ahead: Best way to buy $1M New Home?
Replies: 10
Views: 1497

Re: Planning ahead: Best way to buy $1M New Home?

Option #1 seems prudent, and is likely the best path forward unless you're in an area with very tight supply and being able to pay in cash gives you an important edge in bidding (i.e. SF Bay area).
by TigerNest
Wed Jun 20, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 27
Views: 3603

Re: Can I break the tape in 5 years?????

Life is too short. You should absolutely not be working a job that is 'absolute misery' for the next 5 years, regardless of your level of net worth. The fact that you have $3.2M excluding your house makes it even crazier. I would suggest that you find a new job now that's more rewarding. With your n...
by TigerNest
Sun Jun 03, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15570

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

My impression is that one needs a Ph.D. to have a decent career as a business school prof. That's an even longer road, though it is otherwise appealing. I don't think you need a PhD to be a business school prof. Yes, if you're looking for a tenured full time post, probably, but if you're just looki...
by TigerNest
Mon May 28, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Can anyone recommend Any Social Responsible fund/s?
Replies: 17
Views: 1604

Re: Can anyone recommend Any Social Responsible fund/s?

Check out Calvert Capital and Arjuna Capital.
by TigerNest
Sat May 26, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4922

Re: I'm an indexer... but...

Imagine you start 20 mutual funds and fill them with random stocks. Ten years later, 2 of them meaningfully outperformed the index. Odds are a few will out of luck. You close down the under-performing mutual funds, and now you can offer 2 funds with a 10-year track record of outperforming the market.
by TigerNest
Sun May 13, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Quest for the perfect online savings bank
Replies: 18
Views: 2873

Re: Quest for the perfect online savings bank

...I should be able to link the account to my brokerage and checking accounts... The simple solution is just keep cash in your brokerage account. Who needs an extra account for a couple of tenths of a percent on a few thousand bucks? 10k? More? No need to keep too much in cash . Prime Money Market ...
by TigerNest
Sat May 12, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13979

Re: New(ish) attending physicians in the Bay Area: Housing

I feel as though now, it is very different than it was even just 3-4 years ago (primarily home prices but add onto that rising interest rates-although still historically low and a minimal factor- and tax laws that disproportionately affect high cost of living areas- ie mortgage interest and propert...
by TigerNest
Sat May 05, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 5824

Re: How do brokerages make $s on cheap index funds?

One small way they generate additional money is by lending shares to short sellers.

When someone sells a stock short, they have to borrow it from somewhere beforehand. Index funds often lend shares out and receive a small fee while doing so.
by TigerNest
Thu Mar 29, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 10837

Re: What is the endgame for Millennials?

The end game is that we’ll all die out in 2070-2090. :shock:
by TigerNest
Thu Mar 29, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: As a standard employee, I owe a TON this tax season... why?
Replies: 16
Views: 3820

Re: As a standard employee, I owe a TON this tax season... why?

That happened to me the first year my income jumped significantly. I thought I was fine and ended up owing $19,000. I think what happens is that the withholding doesn't take into account some of the ways your taxes rise at higher income like the additional Medicare surcharge after $250,000, the loss...
by TigerNest
Sun Mar 18, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 9182

Re: Incredibly sleazy Northwestern Mutual cold caller

I did not know principal protected structured products are taxed as ordinary income and not capital gains. It makes sense upon reflection.

Interesting transcript, thanks for sharing!
by TigerNest
Sat Mar 17, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 9448

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

This is your wife's boss that's offering to manage your money? What if you are unhappy with his performance - would you feel comfortable removing your assets? I wouldn't do it for that reason alone. But as others have said the rest of the pitch has huge red flags, so there are plenty of reasons to s...
by TigerNest
Sat Mar 17, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: When don't you need LTD?
Replies: 10
Views: 957

Re: When don't you need LTD?

Those premiums seem really expensive for long-term disability.

Do you mean long-term care insurance instead?
by TigerNest
Sun Mar 04, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 942

Re: Solo 401(k) contributions

Her previous employer has terrible options, unfortunately. No index funds, all active funds with expense ratios of 1.4% - 1.9%, and even the government money market fund has an expense ratio of 0.7%. Good point to highlight on the differences in exposure to creditors, though thankfully that's not mu...
by TigerNest
Sun Mar 04, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 942

Re: Solo 401(k) contributions

One more question: can we rollover her old 401(k)s from prior employers into the new Solo 401(k), or would it have to be a separate Rollover IRA account?
by TigerNest
Sun Mar 04, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 942

Re: Solo 401(k) contributions

Thank you for the replies! So I just want to confirm I understand this correctly: Scenario #2: If she makes $20,000 in NABP yer year, she can contribute $18,500 due to the Salary Deferral, and $1,500 in profit sharing. No. The reason a self-employed person calculates their maximum employer calculati...