Search found 240 matches

by knowledge
Wed May 27, 2020 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a new home?: FI vs YOLO
Replies: 12
Views: 1171

Re: Can we afford a new home?: FI vs YOLO

This is an odd one. First things first, you can clearly afford the house. What's befuddling to me is that you clearly have a spending problem (i.e., you're not spending enough) and yet you want a $2.3M home? That feels like quite a leap from where you are right now, what's spurred this on? Also, in ...
by knowledge
Tue May 26, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 41
Views: 2231

Re: How is the Amazon Prime Rewards Visa Signature Card

I've had it for a couple of years with no issues. It gives you 5% back on Amazon and Whole Foods with no annual fee (as a prime member), which is a good chunk of our spending typically, and is even more pronounced today. No complaints - It delivers on its promise.
by knowledge
Tue May 26, 2020 6:19 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 88
Views: 4605

Re: does anyone have a subscription to youtube tv?

Guessing that post is in reference to Covid-19 cancellations. ESPN is lots of reruns these days. Right. I meant since there are no live sports on at the moment, and that's all that I care to watch, I've since paused the subscription. Which speaks to another benefit - there is no contract and it's a...
by knowledge
Tue May 26, 2020 5:10 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 88
Views: 4605

Re: does anyone have a subscription to youtube tv?

Had it, but paused it since there's no live sports. It's made me realize that's the only thing that I value watching on TV. The only downside I have is that when you compare it to your cable provider, $50 doesn't amount to much in savings.
by knowledge
Tue May 26, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 5163

Re: 1:1 salary and stock jobs?

Typically, your variable comp rises the more senior you get. The CEO of a public company will most likely have the majority of her compensation tied to the stock. The most jr. employee of the same company will likely have none. It isn't a linear sliding scale, but generally that's how it works. Anyo...
by knowledge
Mon May 18, 2020 1:11 pm
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1400

Re: RSUs [how long to hold]

Taxation of RSUs will be as income when the shares are delivered to you, which is when they vest. There's no way that I"m aware of to turn that vesting amount into long term capital gains. Given that, you'll see that a RSU vesting is exactly the same as getting a cash bonus from the company and buyi...
by knowledge
Wed May 13, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9462

Re: Turning 30. Living 30s without regrets

Agree with others that you start to prioritize your health (both physical and mental) in your 30s. Also, because you now have a family, you just care more. I was dragged into switching from a night owl to a AM person, stopped smoking and started a regular exercise routine.
by knowledge
Mon May 11, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Anyone know the returns of the best hedge funds last 5,10, 20 years?
Replies: 13
Views: 901

Re: Anyone know the returns of the best hedge funds last 5,10, 20 years?

I've heard stories of Renaissance Tech hedge funds and how their initial investors are now all billionaires (started out as millionaires) https://en.wikipedia.org/wiki/Renaissance_Technologies Of course, there's no source confirming this rumor, but the story is they annualized 30-40% net returns ev...
by knowledge
Mon May 11, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: post covid 19 office work - was coronavirus a game changer for telecommunting?
Replies: 48
Views: 3672

Re: post covid 19 office work - was coronavirus a game changer for telecommunting?

I have many thoughts percolating in my head about the new working world, but the overwhelming one is that traffic will be much worse where I am (NYC suburbs). Even if just a fraction of typical mass transit users decide to try commuting via personal cars, it'll be a nightmare. And traffic happens to...
by knowledge
Fri May 01, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: question re: stock based compensation and buybacks
Replies: 6
Views: 240

Re: question re: stock based compensation and buybacks

Much of the stock based comp can be structured to perform similarly, if not exactly the same, with cash. I'm trying to understand if there's any structural benefit that tilts the favor towards stock.

So far, the best argument seems to be the "skin in the game" one.
by knowledge
Fri May 01, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: question re: stock based compensation and buybacks
Replies: 6
Views: 240

question re: stock based compensation and buybacks

It's the time of year where prior year executive compensation figures get released and the press cycle starts up about CEO pay, etc - I'm not asking about that. Nor do I care for a debate about buybacks in general or buybacks vs. dividends. My question is what's the incentive for a company to compen...
by knowledge
Tue Apr 28, 2020 10:33 pm
Forum: Personal Investments
Topic: Why shouldn’t I do this?
Replies: 43
Views: 2358

Re: Why shouldn’t I do this?

Even if all your predictions came exactly true, you cannot be sure about market timing. What happens if the market crash happens in Sep? Dec? What if the Fed decides to start buying equities? The worst case is not you make a bet for August and it loses, it's that you decide that the timing was wrong...
by knowledge
Wed Apr 22, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Are we spending too much on a house? 28yo & 24yo
Replies: 89
Views: 6113

Re: Are we spending too much on a house? 28yo & 24yo

I echo prior comments that the more important question is why you're buying a house with your girlfriend, not your wife. It doesn't seem that there's any particular urgency to the house purchase, so I'd wait until you get married.
by knowledge
Fri Apr 17, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: How are you exercising with gym closures
Replies: 111
Views: 5810

Re: How are you exercising with gym closures

My running mileage is about double what it was prior, ~15miles/week Happened to finish my basement gym setup right before shelter in place orders went into effect. Bench press, pull-ups, squats, deadlifts and shoulder pressing. I would summarize by saying I'm purposefully exercising 2x as normal, bu...
by knowledge
Thu Apr 16, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a home in this range?
Replies: 31
Views: 2742

Re: Can I afford a home in this range?

I wouldn't. I agree with others to focus on student debt first and re-evaluate in 2 years time.
by knowledge
Wed Apr 15, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help us save more money on a monthly basis.
Replies: 50
Views: 3334

Re: Help us save more money on a monthly basis.

Is your travel really all Uber? I'm not seeing anything for actual vacations, is that baked into the travel line? It shouldn't be too difficult to cut $500/mo of spend. Any mix of cutting back on services can do it, but you are saving 20% of your take-home, so it's not like you're drowning. I commen...
by knowledge
Wed Apr 15, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Mesh Wifi
Replies: 124
Views: 7850

Re: Mesh Wifi

Looks like I'm the only one with a Plume setup. I got in with them prior to them going to a subscription model. 3 regular pods and a superpod cover two stories + basement. As another poster mentioned, any of these mesh systems will be an improvement vs. a single router, assuming you have the space t...
by knowledge
Fri Apr 10, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: Why are RSUs and options treated differently?
Replies: 9
Views: 698

Re: Why are RSUs and options treated differently?

HEDGEFUNDIE wrote:
Fri Apr 10, 2020 1:05 pm
I get that options have time value. I just don’t get why that time value outweighs undiversified market risk.
I'm no options pricing expert, but I think the biggest benefit is that you get it for free. Or at least not explicitly paying for it.
by knowledge
Tue Apr 07, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)
Replies: 40
Views: 2386

Re: Fellow BH new yorkers, is moving to NY worth it ? (Covid issues aside)

This isn't a financial decision, but since you ask here, you'll get financially minded responses.

Have you spent any time in NYC and its surrounding area? If yes, did you enjoy it? Do you have friends or family there?
by knowledge
Thu Apr 02, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10299

Re: Are your personal expenses down during stay home and shelter?

Definitely down. I had $15k worth of travel planned this year that likely won't happen. I haven't gone to a gas station for a month. All children's activities will not bill for April. Groceries are definitely up.
by knowledge
Thu Apr 02, 2020 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Sell Stock to Payoff Credit Card Debt
Replies: 34
Views: 977

Re: Sell Stock to Payoff Credit Card Debt

I"m more concerned about why he even has credit card debt after working 14 years at MSFT, rather than the optimal moves to handle the debt. The longer term question of his personal finances are more important than optimizing his current debt issue.
by knowledge
Mon Mar 30, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: How Do you Exercise Indoors?
Replies: 127
Views: 9613

Re: How Do you Exercise Indoors?

Just completed my basement gym: barbell, weights, bench, squat racks, etc. Procured very cheaply, <$500 altogether. Focused on core five lifts. And weather is great for running right now, my mileage will likely double at this rate.
by knowledge
Thu Mar 26, 2020 9:59 am
Forum: Personal Investments
Topic: I am 16, Bogleheads help me be rich one day
Replies: 114
Views: 7878

Re: I am 16, Bogleheads help me be rich one day

It's fine to be financially motivated, but don't be short-sighted. Your highest return will come from investing in yourself. That's primarily through education. Sure, $6k into a Roth at the age of 16 is awesome, but investing that into your human capital is likely even more so. If you can do both......
by knowledge
Thu Mar 26, 2020 8:54 am
Forum: Personal Consumer Issues
Topic: What is with the printer paper delivery times on Amazon?
Replies: 39
Views: 2319

Re: What is with the printer paper delivery times on Amazon?

I had to buy a printer, paper and toner for the first time in a while as kids started to home school. I bought the printer and paper before Amzn pushed out delivery dates a month out, so received them in relatively normal fashion, but realized that I'd run out of the starter toner sooner than I expe...
by knowledge
Thu Mar 19, 2020 5:45 pm
Forum: Personal Investments
Topic: I knew this was going to happen and did nothing...
Replies: 107
Views: 9841

Re: I knew this was going to happen and did nothing...

This has to be balanced against every other time you were absolutely, 100% certain that something was going to happen...and it didn't.
by knowledge
Tue Mar 10, 2020 11:52 am
Forum: Personal Investments
Topic: Help me allocate $6M in cash [Portfolio Help]
Replies: 27
Views: 2523

Re: Help me allocate $6M in cash [Portfolio Help]

Given how small the mortgage is relative to your portfolio, you could say, meh - might as well leave it and let it run its course. Or you could decide to just pay it off to remove the nuisance of paying it every month. I'd opt for the latter and be done with it, unless you plan on moving shortly.
by knowledge
Sun Feb 16, 2020 4:25 pm
Forum: Personal Consumer Issues
Topic: Visiting NYC with a family - logistics?
Replies: 29
Views: 2012

Re: Visiting NYC with a family - logistics?

Accommodations: I've not heard of any NYC hotel with 2 bedroom suites. They may exist, but either are obscenely expensive or completely out of the way. Airbnb is likely a better bet, but beware of anything that looks too good to be true - there are a lot of scams in high demand areas. Have you been ...
by knowledge
Fri Feb 14, 2020 10:33 am
Forum: Personal Investments
Topic: NQ Stock Option Exercise/Sell Strategy Help
Replies: 6
Views: 373

Re: NQ Stock Option Exercise/Sell Strategy Help

Right. There is no way to turn profits from NQSOs into long term capital gains. The intrinsic value of those options would be taxed at normal income rates and would be reported on your W2. So forget about exercising and holding for any tax benefit. As you note, you can decide what tax year to take t...
by knowledge
Thu Feb 13, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7583

Re: $2-2.5M House?

Fiscally, you can afford it, and it sounds like it would be a net win for your kids education. Some potential downsides to consider: - An expensive home will desire to be furnished commensurately, so plan for that - An expensive neighborhood will have higher expectations on your family. Your kids wi...
by knowledge
Wed Feb 12, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8116

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Cribs, strollers, diapers, car seats can be as cheap or as expensive as you want, but the cost of childcare services dominate vs. the cost for *stuff* for the child. I'm not suggesting you don't pay attention to the cost for the material goods, but making conscious spending choices about childcare s...
by knowledge
Wed Feb 12, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: NYC: Stay in rent stabilized apt. or buy a place?
Replies: 28
Views: 2447

Re: NYC: Stay in rent stabilized apt. or buy a place?

Everytime there's speculation that the Bronx (or Staten Island!) is "next," is a sign that the end is nigh. Semi-joking, but I do believe it.

Assuming your rent-stabilized apt isn't falling apart or a health hazard, I would stay. People kill for these things.
by knowledge
Fri Feb 07, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 6891

Re: The annual "Boglehead considering a country club" thread

Something to consider - it was much easier to sneak out on weekends for a round when we only had one. When we had our second kid, my rounds per year went from 10-20 down to less than 5. I get the same sentiment from other golfers I know that had kids.
by knowledge
Wed Feb 05, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: NJ - Buying single family home - Buy or Rent?
Replies: 15
Views: 1292

Re: NJ - Buying single family home - Buy or Rent?

At least where I am, (Northern NJ) there is no one that lives or owns a place here because of the draws of NJ. It is a suburb of NYC, NYC is where the income comes from, and NJ is one of the places people end up living because they can't, or won't raise their family in NYC. Northern NJ, Westchester,...
by knowledge
Fri Jan 17, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14317

Re: Realized we made a major mistake and feeling really sick.

I have a spreadsheet that calculates the money left on the table for options that I exercised. Today, it calculates $2.8m. It certainly makes me feel dumb, but I let it go. Mostly by reminding myself of what others have said in this thread. No one could have known. And the ones that didn't take thei...
by knowledge
Tue Jan 14, 2020 11:05 am
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4132

Re: Directionless drift

Thank you all for a lot of thoughtful answers. As bhough@ and others have suggested, i have started some things like gardening(2 yrs), doing daily walks with podcast+solace, gave up(almost completely) on alcohol and not really pushing at work. I really haven't taken time off for myself in last 2 ye...
by knowledge
Mon Jan 13, 2020 10:09 am
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4132

Re: Directionless drift

I like this topic, as I can clearly sense that similar thoughts are bubbling up for me. These are BIG questions, and of course, there are no right answers. I don't have a coherent theory, hence some of my thoughts in bullet points: - the "u-shaped" curve of happiness: it's been mentioned that the tr...
by knowledge
Fri Jan 03, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Over $1.5M Under Age 45, Have You Paid Off Your Home?
Replies: 19
Views: 2245

Re: Net Worth Over $1.5M Under Age 45, Have You Paid Off Your Home?

I have not paid off my mortgage, as I feel that the rates post-tax for me to bother. While I don't have quite enough to pay it off with cash & taxable, I do anticipate to be able to do so in two years. Total Net Worth: $2.1M Retirement Accounts: $950k Taxable Accounts: $450k Home Equity: $400k Other...
by knowledge
Wed Dec 11, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Exercising of Vested Stock Options
Replies: 24
Views: 1273

Re: Exercising of Vested Stock Options

Thanks all for the replies. I hope that we don't have another drop like the one last year. Anyone suggesting to keep it until the very end? If you must exercise in 10 months time, then the time value of the option is limited. That said, if this is a large amount of money, and you are no longer empl...
by knowledge
Thu Nov 21, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: how much to withhold from bonuses
Replies: 8
Views: 564

Re: how much to withhold from bonuses

You can ask to change your W4s. I've done this, with holding 0 at single rate with an extra $75 per pay period with held. I also pay quarterly estimated taxes on top of this. I have lots of random 1099 income that no tax is taken from and I also want the paper US Savings bonds as my federal refund....
by knowledge
Tue Nov 05, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14404

Re: Finances in NYC

With the large population of NYC, it's reasonable to assume that you can be happy, and even thrive, at various levels of income, given the large combinations of goods and services available at all price points. It's also reasonable to assume that for members of this forum in particular, those expens...
by knowledge
Tue Nov 05, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 22
Views: 4172

Re: NYC weekend house: your experiences?

The place is a 45-minute drive from the city, which is short enough to keep the trip manageable. It also means if we have an event or playdate on Saturday morning or Sunday afternoon, we can still make that event and use the house in the same weekend. 45 minutes outside of the city north is...Yonke...
by knowledge
Mon Oct 21, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 10454

Re: Advice: Windfall Makes Working Worse Than Not Working

Next year we are expecting a major windfall from an IPO, approximately $2.5 million, from a company my partner worked at many years ago. Planning ahead is great, but this feels premature. After the WeWork debacle, many IPOs have been delayed, and if "market conditions" aren't right, they can be pus...
by knowledge
Mon Oct 14, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: Where to live in NYC?[Updated with more details]
Replies: 17
Views: 1923

Re: Where to live in NYC?[Updated with more details]

Yeah, I'd be looking into Queens, which has a relatively easy commute into Midtown Manhattan w/more space for the money than anywhere in Manhattan. I'm not too familiar with the school quality in those regions, but they aren't top of mind when ppl talk about good school districts.
by knowledge
Wed Oct 02, 2019 1:57 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 14016

Re: I pulled out... How do I get back in?

I'm not speaking from personal experience (I don't think you'll find too many on this forum that would, going to all cash is kinda of the antithesis of bogleheads), but I'll try to frame it in a way that I'd tackle the problem. Imagine it was "Day 1" of this money. Put a strategy together, put toget...
by knowledge
Tue Oct 01, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15421

Re: Willingly going from lucrative job to unemployed?

It sounds like you've been thinking about this for some time. Based upon your current net worth, humble spending habits, and the fact that you say you won't have kids, it sounds like you'd have enough to manage it. You should have enough. You can plug away a couple of more years to build in a factor...
by knowledge
Mon Sep 30, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Used Car websites
Replies: 9
Views: 1265

Re: Used Car websites

Every used car aggregator - Cargurus, Cars.com, Autotrader now have "value" meters where they rate a car a great, good, or bad value. So every used car dealer has a big incentive to get their car rated as a "great" deal. Which means they'll tack on many hidden fees (some even assume a $3k down payme...
by knowledge
Fri Sep 27, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: reserving uber a week ahead
Replies: 9
Views: 1129

Re: reserving uber a week ahead

Check the early mornings on Sat to see what coverage looks like. I've used the scheduling tool for Uber and Lyft before - no problems. But I know there's healthy coverage of drivers at those times. Drivers like working at that time because there's little to no traffic and they know a lot of folks ar...
by knowledge
Fri Sep 27, 2019 10:15 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 10444

Re: Physical activity suggestions for a non athletic youth

Based upon the responses from the OP, it sounds like starting weightlifting is the way to go. I think that's a great idea, assuming he can do it from home.
by knowledge
Fri Sep 27, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Where to live in NYC?[Updated with more details]
Replies: 17
Views: 1923

Re: Where to live in NYC?

Definitely need to know your work location more specifically. To give a useful example, if you live in the UES and commute down to Chelsea, that could take an hour, and that's within Manhattan. But your commute from Jersey City might only be 40 minutes. Just to set expectations, what you describe: g...
by knowledge
Thu Sep 26, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4297

Re: Can I afford around a $2M home?

I’m in the NYC suburbs, perhaps not as bad as the Bay Area but close behind. I heartily disagree. $2M in almost any tony suburb of NYC is a damned fine home. You can easily find a new construction, 5 bedroom, 4,500 sq. ft. home in a top school district for less than $1.5M. Just be aware that the pr...