Search found 614 matches

by Normchad
Sat Jul 04, 2020 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 441
Views: 38666

Re: College in fall

That’s certainly a drag. My kid came home in March, for spring break. She’s been on my couch ever since. Still sending a $1,000 check for the off-campus apartment every month. I think we sent the final one three days ago. But that’s a lot of $1000 checks to write for a place you don’t live anymore, ...
by Normchad
Sat Jul 04, 2020 4:04 pm
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 62
Views: 4284

Re: What happens to all my digitized photos when I die?

I had a young co-worker. He and his wife died in a motorcycle accident several years ago. His digital life is still out there, and it’s a bit unsettling. Every year, I get an email from LinkedIn, asking me to help him celebrate “(X+1) years of working together.” It’s just a sad, surreal reminder. I ...
by Normchad
Sat Jul 04, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 33
Views: 2315

Re: 529 fairness?

I'm sorry, but all this "fairness" talk is just feeding entitled Millennials. The OP is actually a Millennial according to his post history, so I'm not sure what this insult has to do with anything. Me, a cynical Gen X slacker, and my Millennial wife, if she's not wasting all our money on avocado t...
by Normchad
Sat Jul 04, 2020 2:26 pm
Forum: Investing - Theory, News & General
Topic: Is investment a competition?
Replies: 41
Views: 2149

Re: Is investment a competition?

Life is a competition. Investment is one avenue you can use to improve your odds. You can also user education, inheritance, political savvy, hard work, etc to improve your odds. Using the Bogleheads philosophy though, there isn't much room to *distinguish* yourself through investment performance. So...
by Normchad
Sat Jul 04, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Signed a new job contract - realized I could have get a higher salary
Replies: 71
Views: 6622

Re: Signed a new job contract - realized I could have get a higher salary

I honestly don't care what anybody made in their last job. I'm making an offer for this job. In my mind, I already know roughly what I'm willing to pay to get *this* job done. If you can do this job, and it's a big raise for you, good for you. I think everybody deserves to be paid what they are wort...
by Normchad
Sat Jul 04, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 104
Views: 9201

Re: What to do with all this MONEY ?

Based on the numbers you’ve provided, there is a very good chance that you will have *more* than $7M left after your passing. Personally, I’m leaving everything to the kid. But I have just one, and she has her head screwed on straight. My thinking about spending has shifted over time. I know now, t...
by Normchad
Sat Jul 04, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Manager vs. Direct report salary issues
Replies: 90
Views: 4280

Re: Manager vs. Direct report salary issues

Worry less about what others make and worry only about yourself. If you think you are underpaid, go out into the market and see what others are willing to pay you. I’m a manager. Have been for a while. And honestly, managers are a dime a dozen. It’s true that they are necessary, but they are also ea...
by Normchad
Fri Jul 03, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 59
Views: 4435

Re: Tesla becomes most valuable car company in the world

You need to understand Tesla is an energy and tech company. Imagine a world where all Tesla cars are connected to Starlink (https://www.starlink.com/) and are 100% self-driving capable and could serve in the RoboTaxi fleet when the owner is not using it. Imagine the Tesla car gains flying-capaiblit...
by Normchad
Fri Jul 03, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you invest and what are you investing for?
Replies: 22
Views: 1508

Re: Why do you invest and what are you investing for?

I invest because I have xtra money. I make more than I need.

If I didn’t make more than I need, I couldn’t/wouldn’t invest.

But through no fault of my own, it’s turning out great, and I should be able to stop working for money when I’m 55.
by Normchad
Fri Jul 03, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Signed a new job contract - realized I could have get a higher salary
Replies: 71
Views: 6622

Re: Signed a new job contract - realized I could have get a higher salary

Hey, you asked for 85. They offered 85. You accepted. Where is the problem? You didn’t have any better offers. Sounds like to commute, etc is also to your liking. Maybe you’re over thinking this. Negotiating is fine, but the time for that has past. And it’s more important next time, than this time. ...
by Normchad
Fri Jul 03, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 104
Views: 9201

Re: What to do with all this MONEY ?

Based on the numbers you’ve provided, there is a very good chance that you will have *more* than $7M left after your passing. Personally, I’m leaving everything to the kid. But I have just one, and she has her head screwed on straight. My thinking about spending has shifted over time. I know now, th...
by Normchad
Fri Jul 03, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 146
Views: 8456

Re: Which College degrees are worthwhile?

This. Exactly this. For my entire working career in tech, I saw people get pushed into “computers” by everyone from well meaning parents to well meaning vocational rehab counselors. A lot of those people didn’t have the kind of interest or aptitude required to sustain them through a 30 or 40 year c...
by Normchad
Thu Jul 02, 2020 11:04 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1467
Views: 196589

Re: Two Comma Club

Congratulations! That is awesome, and you should feel justifiably proud. A lot of posters on the board have the same issue; nobody to share such good news with. there is a long running thread somewhere, for posting just such good news! 2020 has been a tough year, and you're still kicking butt! If yo...
by Normchad
Thu Jul 02, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: considering paying cash for house- What would you do?
Replies: 54
Views: 3549

Re: considering paying cash for house- What would you do?

Man it would be cool to actually pay cash. Bring it to closing in a wheel-barrow!
by Normchad
Thu Jul 02, 2020 9:49 pm
Forum: Personal Consumer Issues
Topic: Need home printer suggestions
Replies: 29
Views: 1340

Re: Need home printer suggestions

I bought a cheap black and white laser printer from Brother. Super happy with it. The cartridge lasts forever. It just always works.
by Normchad
Thu Jul 02, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: The magic of stock indices
Replies: 29
Views: 1966

Re: The magic of stock indices

It is an index of 500 big, economically significant companies. So when something’s gets added, it’s a not a surprise that it’s big, and has been a successful company. The proposition here is making the index sound more like an actively managed fund. It’s certainly not that. A lot of actively managed...
by Normchad
Thu Jul 02, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 33
Views: 2315

Re: 529 fairness?

Hey, your goal is to get three kids through school. That is awesome and commendable. Recommend focusing on ways to accomplish that, vice questions of fairness. Your kids will hit colleges at different points in time. They will go to different schools. The prices will be different. The 2nd might get ...
by Normchad
Thu Jul 02, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: The magic of stock indices
Replies: 29
Views: 1966

Re: The magic of stock indices

There just isn’t magic here. Apple was added in 1982 I think. I’m sure most people at that time had no idea what apple was, ore er saw a need for people to own computers. I think Microsoft was added around 1994. I don’t think Windows was even widely in use at that time. So it’s definitely not the ca...
by Normchad
Wed Jul 01, 2020 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Student applicant receiving asynchronous co-op employment position offers
Replies: 8
Views: 622

Re: Student applicant receiving asynchronous co-op employment position offers

I think they’ve already started at Company A. If they an option they’d rather pursue, that is perfectly fine. It doesn’t matter why they don’t want to be at A. They can just call them up and say “I’m sorry. For personal reasons I will not be returning to work. How would you like to handle out-proces...
by Normchad
Wed Jul 01, 2020 6:00 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 59
Views: 4435

Re: Tesla becomes most valuable car company in the world

They have a lot going for them. I don’t know if they will survive, or be hugely profitable. Stuff they have though that others don’t include: 1) all that driving data. 2) Tesla cars, even without FSD, run the FSD algorithms in the background. And when people do something different than the algorithm...
by Normchad
Wed Jul 01, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 59
Views: 4435

Re: Tesla becomes most valuable car company in the world

I do own Tesla stock, but think these valuations are silliness. The automotive industry is very capital intensive and has very slim profit margins overall. Tesla has figured out ways to make more money after the sale of the car. For example, I can click on my phone, pay them $2,000 and make my car q...
by Normchad
Wed Jul 01, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Anyone stocking real commodities (as inflation hedge and for a doomsday)?
Replies: 24
Views: 1371

Re: Anyone stocking real commodities (as inflation hedge and for a doomsday)?

I want to hang out with BrokenMan sometime. Party at his house.

I don’t worry about doomsday scenarios. If the zombie apocalypse comes, I hope they eat me first. I’m just not interested in living in a post-apocalyptic type world.
by Normchad
Wed Jul 01, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 174
Views: 8127

Re: 4% rule - confidence poll

I am totally down with the 4% rule. Actually somebody convinced me that 3.65% was the correct number, so that is what I am using. I probably won’t stick 100% to it as a withdrawal strategy, but I am complexly confident doing so if necessary. It’s not actually a rule of course. And a lot of people as...
by Normchad
Tue Jun 30, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Student applicant receiving asynchronous co-op employment position offers
Replies: 8
Views: 622

Re: Student applicant receiving asynchronous co-op employment position offers

It's a grey area. Either choice can be/is fine and depends on your perspectives and values. If it was my kid, I'd tell them (as I do with everything) "you made a commitment, you keep it"). But if you don't keep that comitment to company A; honestly, they won't care. It won't break their heart. I lov...
by Normchad
Tue Jun 30, 2020 8:55 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 64
Views: 3762

Re: Elementary school in Fall - choose Virtual or In-person

This just stinks. I understand it; and the schools are doing the best they can; but it stinks. It stinks for the kids..... Just so sad..... you only get 12 years of primary education, and to think 1 of them might be basically lost; just stinks. Especially bad for the very young; where a big part of ...
by Normchad
Tue Jun 30, 2020 5:58 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4573

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

I’d do it if the rest of the trip cost $100K.

Not spending $10k on the flight then staying at the Ramada.
by Normchad
Sat Jun 27, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3267

Re: Where should my nephew go to college?

... was still rejected from the state flagship (Berkeley). .... There is more than one state flagship in California. :) But I still cannot understand the justification, if any, for the rejection. It really sucks, but "demographics" is a huge factor. I greatly benefited from being in the right "demo...
by Normchad
Sat Jun 27, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Where should my nephew go to college?
Replies: 55
Views: 3267

Re: Where should my nephew go to college?

It doesn’t matter where you go, it matters what you do. Your outcome is predominantly controlled by you, not the name on your degree. My colleagues and I mostly graduated in the 90s. So 20-30 years experience. We all make about the same money. We only know where each other went to school during coll...
by Normchad
Sat Jun 27, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 146
Views: 8456

Re: Which College degrees are worthwhile?

This is, however, not the right career for everybody. Don't go in to CS just for the money or job stability. You should go in with the mindset that you're excited by technology, use technology for good (either for businesses or humanity), and you're willing to reinvent yourself every few years to s...
by Normchad
Sat Jun 27, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 146
Views: 8456

Re: Which College degrees are worthwhile?

OP, Life is a marathon race. So, please do not prepare for it like a 100-meter dash. A) In general, there is no career/job that would last 20 to 30 years. B) You may change jobs, careers, industry, countries over the course of your whole working life. C) So, another way to look at this is 1) Which ...
by Normchad
Fri Jun 26, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 146
Views: 8456

Re: Which College degrees are worthwhile?

I wouldn't come at it from that direction, but.....

Currently, there is an insatiable appetite for Computer Science/Computer engineering degrees, and the new grad salaries are skyrocketing.
by Normchad
Fri Jun 26, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tech job switch during pandemic: benefits/risks?
Replies: 31
Views: 3243

Re: Tech job switch during pandemic: benefits/risks?

Congratulations! That is great news. Best of luck in your new job!

And yes, thanks so much for the follow up. I will benefit others in the future.
by Normchad
Fri Jun 26, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: Face Masks
Replies: 23
Views: 3979

Re: Face Masks

Thanks for he links. I just ordered some "gators" from Amazon.

I also don;'t like them, and they are not required where I am.

I wish they were required. Despite my distaste for them, I will start wearing them out of concern for others. (And paritially out of concern for myself)
by Normchad
Thu Jun 25, 2020 5:49 pm
Forum: Personal Consumer Issues
Topic: How to locate safe, clean gas stations while traveling
Replies: 38
Views: 2110

Re: How to locate safe, clean gas stations while traveling

I'm not sure what you want. I live in Texas and as far as restrooms go, then ALL the official Texas Safety Rest Areas are superbly clean and safe, but they do not sell gas. They generally all have a little micro-museum about the local area, too. Otherwise, all the major gas stations on the major ro...
by Normchad
Thu Jun 25, 2020 4:38 pm
Forum: Personal Consumer Issues
Topic: How to locate safe, clean gas stations while traveling
Replies: 38
Views: 2110

Re: How to locate safe, clean gas stations while traveling

A female family friend of ours does this. For actual bathroom breaks, instead of going to a gas station, she goes to a hotel near the highway. She says they always have a rest room near the checkin desk, and they are almost always clean. For gas pumping, I'd take a mask, and bring your own wipes, so...
by Normchad
Thu Jun 25, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Water Heater Question
Replies: 19
Views: 1089

Re: Water Heater Question

I have a large house, but a small family (just 3 of us). When I replaced my water heater, the plumber said 40 gallons would be plenty for us, but for a large house, they typically put in bigger ones. The cost difference between a 50 and a 70 gallon wasn't much. So, we put in a plain old 70 gallon Br...
by Normchad
Thu Jun 25, 2020 2:01 pm
Forum: Personal Consumer Issues
Topic: Effect of open-source software on SWE careers and start-up companies.
Replies: 34
Views: 2105

Re: Effect of open-source software on SWE careers and start-up companies.

30 year software engineer chiming in. In my career, open source has been a blessing to all, and has not impeded anybody’s livelihoods to my knowledge. I expect that will continue in the future. There is a lot of great open source software out there. And there is a lot of great commercial software ou...
by Normchad
Wed Jun 24, 2020 3:37 pm
Forum: Investing - Theory, News & General
Topic: Taleb: The coronavirus is not a black swan.
Replies: 81
Views: 7816

Re: Taleb: The coronavirus is not a black swan.

For those unaware, the folks at Wimbledon have been buying pandemic insurance for years. They were spending pretty decent money in this policy. Take it for what you will. But can it really be unimaginable, if somebody offers insurance against it? They apparently started buying it after the SARS outb...
by Normchad
Tue Jun 23, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Letting my company know I'm looking?
Replies: 43
Views: 4770

Re: Letting my company know I'm looking?

Congratulations and best of luck to you in your new position. Finding new jobs is challenging right now, so you must be a great find for them.
by Normchad
Tue Jun 23, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: tesla Autopilot temp price drop from $3k -> $2k, worth it?
Replies: 10
Views: 1301

Re: tesla Autopilot temp price drop from $3k -> $2k, worth it?

If it’s not a big strain on your finances, and it includes the HW3 upgrade, I’d definitely get it.

If it doesn’t have the HW upgrade, I’d probably still get it.
by Normchad
Tue Jun 23, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13578

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Dave Ramsay and MMM are fine for what they are. I think what upsets a lot of people is that are disingenuous or dishonest in their presentation. MMM portrays himself as a guy who retired very young and makes it all work by R.I. g super frugal. Then it comes out that he makes $400K/yr from his websit...
by Normchad
Mon Jun 22, 2020 9:04 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13578

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

Uuugh, it’s absurd to suggest you can find out the costs of medicine in advance. One out-of-network doctor and bam! Yuppers.... And my Voodoo doll in the healthcare office has not been violated by any physicians, and I have not personally but on the hook, nor has anybody in my immediate family, for...
by Normchad
Mon Jun 22, 2020 6:58 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13578

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

9-5 Suited wrote:
Mon Jun 22, 2020 6:49 pm
And now for the side betting pool: which of these 10 items will become the primary debate within this thread? Dave Ramsey, ever the polarizing figure, appears to be in the early lead.
I can find good things to say about Dave Ramsay. Medical Billing on the other hand.....
by Normchad
Mon Jun 22, 2020 6:55 pm
Forum: Personal Consumer Issues
Topic: "Snow Guard" for metal roof: A must or "Hogwash" or a "Hill of Beans"??
Replies: 33
Views: 1650

Re: "Snow Guard" for metal roof: A must or "Hogwash" or a "Hill of Beans"??

People die from snow and ice sliding off of roofs. https://www.caledonianrecord.com/news/nek-woman-killed-by-snow-falling-off-roof/article_f3fd3052-d59e-5fd9-820c-4a5e41b5214a.html I would put them on, even if I was not getting gutters. The price kinda seems right to me. The job is similar. Get up o...
by Normchad
Mon Jun 22, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2223

Re: Do Bogleheads even need life insurance?

Insurance is pretty cheap. Just buy it. I took out a 30 year term policy 21 years ago. It is cheap. Truthfully, I don’t need it anymore. But I keep paying the annual premium, because it seems a shame to stop now. I think you should definitely keep paying it. You are in the sweet spot of the insuran...
by Normchad
Mon Jun 22, 2020 6:05 pm
Forum: Personal Investments
Topic: Why Morgan Stanley Says the 60/40 Portfolio Is Doomed
Replies: 107
Views: 10976

Re: The 60/40 Portfolio Is Dead

60/40 is basically where I am at. And I am very seriously considering staying there for the rest of my life.

I may even greatly simplify things by sticking it all in VBIAX or VSMGX.

60/40 is far from dead.
by Normchad
Sun Jun 21, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Letting my company know I'm looking?
Replies: 43
Views: 4770

Re: Letting my company know I'm looking?

nalor511 wrote:
Sun Jun 21, 2020 8:00 pm
You have nothing to gain from letting them know, and plenty to lose.
What is the “plenty to lose”?
by Normchad
Sun Jun 21, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Letting my company know I'm looking?
Replies: 43
Views: 4770

Re: Letting my company know I'm looking?

Only you can know this, but it depends on your relationship with the owner, and what kind of person you think he is. If your new offers are in the same industry, there is a decent chance that he knows them and vice versa. If so, it’s likely that they will call him to ask about you. And it might even...
by Normchad
Sun Jun 21, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Follow our journey to retirement
Replies: 33
Views: 3621

Re: Follow our journey to retirement

Congratulations! You’ve done extremely well for yourself. I think you can definitely make this work. You have a very long time horizon though. So some things that might trip you up are not necessarily related to your starting assets. 1. How accurate are your spending predictions? 2. Healthcare might...