Search found 398 matches

by Nathan Drake
Sat Mar 16, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 318
Views: 24313

Re: That's enough for me in 2019

Winning the game to me is having such a ludicrous amount of money that you will never be able to spend it all even with a very lavish lifestyle. You could literally hold in cash, have a huge cash spend, and still have plenty of money to pass on. Most people won’t come close to winning the game in th...
by Nathan Drake
Sat Mar 16, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 318
Views: 24313

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. $1.5M x 2.5% interest / 365 days. Wow, I could get paid over $100/day just for sitting there and waiting. So that's what I'm doing. I got out of risk assets and went to cash yesterday. Frankly, if I had $1.5 million, I'd be out of...
by Nathan Drake
Thu Mar 14, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 7603

Re: Bright daughter wants to work for nonprofit

There’s been a few posts that have said it’s pretty easy to make 500k in non top management roles at non-profits.

That’s fairly difficult to do at a corporate job, so I would suggest that she goes the non profit route if she wants to earn a very high income.
by Nathan Drake
Fri Mar 08, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is this how early semi-retiring works?
Replies: 35
Views: 5423

Re: Is this how early semi-retiring work?

I am surprised to see the number of folks that have or view it as likely to negotiate reduced hours at their existing employer. Good for you folks. I have worked for several very large organizations and, while this is a possible track (sort of, keep reading), this would immediately result in elimin...
by Nathan Drake
Sun Mar 03, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8057

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I don't fully understand - as a W2 contractor you don't get benefits and must pay 6.5% social security tax. Are you saying that the headhunting firm is providing that cost? Healthcare, paid time off, social security, unemployment insurance/disability, these are all large costs that you would then h...
by Nathan Drake
Sun Mar 03, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8057

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I don't fully understand - as a W2 contractor you don't get benefits and must pay 6.5% social security tax. Are you saying that the headhunting firm is providing that cost? Healthcare, paid time off, social security, unemployment insurance/disability, these are all large costs that you would then ha...
by Nathan Drake
Sat Feb 23, 2019 12:42 pm
Forum: Personal Investments
Topic: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions
Replies: 2
Views: 136

Re: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions

That’s what I needed to know, thank you.

Edit: I do not have any previous traditional IRAs.

I have always stuck with doing the Roth IRA each year and have kept money in a 401k.
by Nathan Drake
Sat Feb 23, 2019 12:30 pm
Forum: Personal Investments
Topic: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions
Replies: 2
Views: 136

Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions

I contributed the max $6k to a Roth IRA in January. I since learned that due to a merger this year some RSUs will immediately vest which will put me over the personal AGI limit in 2019. Do I just need to Recharacterize the contribution as a Non deductible IRA, wait 30 days, then convert to a Roth? J...
by Nathan Drake
Wed Sep 05, 2018 1:09 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2503

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

Thanks all - looks like I willl be taking the opportunity! It’s an engineering role with one of the bigger firms in the area. Pretty excited about the move - I’ll go from a 50 minute commute each way to hopefully less than 10 minutes, which I consider to be a big QOL increase to go along with a siza...
by Nathan Drake
Sun Aug 26, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2503

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

Thanks all - I currently live in a “boring” TX suburb, so I can’t imagine it being any worse, especially so close to the beach. Hurricane season is a bit worriesome, when it happens what’s your typical protocol? Get on a plane and see family, drive out of state, etc? Also - is rust and vehicle damag...
by Nathan Drake
Sat Aug 25, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2503

Considering opportunity in Melbourne - Florida. Any insight about the area?

Currently live in TX, so I’m used to the hot and humid weather. COL seems similar, with no state income tax which is nice. Melbourne seems to be in a pretty good centralized location on the coast about an hour from Orlando and a few hours from the other major cities. Being on the coast also appears ...
by Nathan Drake
Mon Jun 18, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 29
Views: 4134

Re: Career advice (take the promotion or not)

Sounds like you're being well compensated, given the other offers you mentioned.
by Nathan Drake
Mon Jan 22, 2018 3:00 pm
Forum: Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6845

Re: Should I buy a business or suck it up at a job(s) with a pension.

Man, no wonder Illinois is bankrupt.

I wouldn’t necesssarily count on your pension remaining solvent in the years to come
by Nathan Drake
Sun Dec 17, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 27346

Re: 2nd million is easier!

Bubbadog, Congrat's...keep it going! As one of the young guy's at Bogleheads I would say I' am cruzing right along. I' am investing 60% of my income each month. I' am 23 years old, no debt, not married, pretty frugal. (But I don't make near as much as you). Currently at $300,000. It's all about the...
by Nathan Drake
Sat Aug 26, 2017 7:38 pm
Forum: Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 82
Views: 9951

Re: Physician & Real Estate investor seeks advice

So how much did you put into your rental properties over this period and how did each one appreciate? Sometimes luck is just luck. Successful people can have bad luck. Just look at the recent cases of industry veterans in oil that have completely exited the business or been wiped out. Many real est...
by Nathan Drake
Sat Aug 26, 2017 7:18 pm
Forum: Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 82
Views: 9951

Re: Physician & Real Estate investor seeks advice

You seem very confident in your real estate investing. Some of your details don't really add up -- you made most of your (nearly 7 figure) real estate holdings from 3 years in residency? How does that work? Your income surely wouldn't have been great enough to have multiple property loans? I agree ...
by Nathan Drake
Sat Aug 26, 2017 3:08 pm
Forum: Personal Investments
Topic: Physician & Real Estate investor seeks advice
Replies: 82
Views: 9951

Re: Physician & Real Estate investor seeks advice

You seem very confident in your real estate investing. Some of your details don't really add up -- you made most of your (nearly 7 figure) real estate holdings from 3 years in residency? How does that work? Your income surely wouldn't have been great enough to have multiple property loans? I agree t...
by Nathan Drake
Sat Jun 10, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 12487

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

My advice would be to start tracking your performance against some benchmark like Growth Index or S&P 500 Index (if you are not) and see how you do over 3-5 years. It is very difficult for the individual investor to pick stocks and beat the market; many here would say it is nearly impossible. Many ...
by Nathan Drake
Thu May 18, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 9830

Re: Anyone else agree with my logic on silicon valley housing?

I'm an engineer living in silicon valley, and I am pretty sure I'm going to exit within the next year, to somewhere like Austin, Texas or something. I came to the revelation that I need to live SV when I realized that, as long as I am comfortable financially, lifestyle is more important to me than ...
by Nathan Drake
Wed Mar 15, 2017 9:32 pm
Forum: Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 12759

Re: Do you avoid international investing like Jack Bogle?

I tilt 66% international 33% US and reside in the US. Reasons why: 1. Valuations - US has had great performance lately and now has roughly half the world's equity, however historically I believe this will mean revert. 2. My job & career are tied to the US. 3. I don't believe in the superiority of st...
by Nathan Drake
Sun Jan 15, 2017 8:21 pm
Forum: Investing - Theory, News & General
Topic: leverage and beating the market
Replies: 45
Views: 5206

Re: leverage and beating the market

If you're a buy & hold investor that has been able to weather downturns before in the past and doesn't have a need to touch investments for 30+ years, is there any issue in holding a bit of leverage to increase returns and avoid margin calls? In my early 30s and would like to find a smart way to do...
by Nathan Drake
Sat Jan 14, 2017 11:05 pm
Forum: Investing - Theory, News & General
Topic: leverage and beating the market
Replies: 45
Views: 5206

Re: leverage and beating the market

If you're a buy & hold investor that has been able to weather downturns before in the past and doesn't have a need to touch investments for 30+ years, is there any issue in holding a bit of leverage to increase returns and avoid margin calls? In my early 30s and would like to find a smart way to do ...
by Nathan Drake
Thu Nov 17, 2016 11:55 pm
Forum: Investing - Theory, News & General
Topic: Have low interest rates effected any internatinal stocks in the same way it has effected US dividend funds?
Replies: 7
Views: 1275

Re: Have low interest rates effected any internatinal stocks in the same way it has effected US dividend funds?

I wonder if the case can also be made at how much more undervalued international stocks are as a result. Their P/E is much lower along with interest rates.
by Nathan Drake
Sun Aug 14, 2016 1:21 pm
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 103
Views: 12960

Re: Avoid International?

While returns of US vs. Intl stocks are expected to be around the same for long investment horizons (30+ years), I do think there's some benefit to holding a global market cap portfolio since you can have long stretches of under or out performance of one versus the other. US stocks had their "dead d...
by Nathan Drake
Fri Jun 10, 2016 9:03 pm
Forum: Personal Consumer Issues
Topic: Best Playstation 4 Games for Beginners?
Replies: 28
Views: 5740

Re: Best Playstation 4 Games for Beginners?

As the name suggests, I also recommend the Uncharted series. Get the collection and Uncharted 4. If you set the difficulty on easy the games aren't difficult.

Closest gaming series I've seen to a hollywood blockbuster
by Nathan Drake
Sun Feb 07, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some clarification on ROTH Conversion Ladders
Replies: 5
Views: 895

Re: Looking for some clarification on ROTH Conversion Ladders

It's no different than Roth IRA contributions other than you have to delay principal withdrawal for 5 years after the conversion. Once it's converted, that initial amount is the principal, and any growth thereafter will need to wait until retirement age. The idea is to withdraw in this order: 1. Tax...
by Nathan Drake
Sat Jan 16, 2016 8:35 pm
Forum: Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 5552

Re: Should I use some of my emergency fund to buy cheap stocks right now?

It depends on your circumstances. I think saving an emergency fund initially makes sense. But as the years go by and the Roth IRA and taxable accounts grow, it makes less and less sense to hold on to such a substantial amount of cash. OP may not be in such a situation, but if you have a few years s...
by Nathan Drake
Sat Jan 16, 2016 8:10 pm
Forum: Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 5552

Re: Should I use some of my emergency fund to buy cheap stocks right now?

If you have a sizable Roth IRA or taxable account I feel that emergency funds are highly overrated. People hold large balances in cash for long periods of time and seldom ever use it. Nathan Drake, Say who? I survived through multiple rounds of recessions and multiple periods of unemployment lastin...
by Nathan Drake
Sat Jan 16, 2016 3:30 pm
Forum: Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 5552

Re: Should I use some of my emergency fund to buy cheap stocks right now?

If you have a sizable Roth IRA or taxable account I feel that emergency funds are highly overrated.

People hold large balances in cash for long periods of time and seldom ever use it.
by Nathan Drake
Tue Jan 05, 2016 12:34 am
Forum: Personal Consumer Issues
Topic: Should I replace an old car that is technically still running?
Replies: 34
Views: 2910

Re: Should I replace an old car that is technically still running?

Had a similar car situation and made a thread about it.

Decided to get rid of it and purchased completely brand new. Hopefully I'll get to 300k with the new car (Honda Civic). Figure it's good for at least 200k miles without too much trouble
by Nathan Drake
Sat Jan 02, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: frustrating to keep investing in international/EM
Replies: 179
Views: 21357

Re: frustrating to keep investing in international/EM

Total international is around 33% below its 2007 peak right now in USD.
by Nathan Drake
Sat Jan 02, 2016 2:05 pm
Forum: Personal Consumer Issues
Topic: New or Lightly Used Honda CRV?
Replies: 16
Views: 3552

Re: New or Lightly Used Honda CRV?

I've heard a major redesign is coming for next year similar to the Civic. May want to wait for that, but if timing is an issue id probably get it new. Hondas do not depreciate nearly as much as other vehicles so the used car cost won't give you much of a discount if you take into account that the us...
by Nathan Drake
Sat Jan 02, 2016 1:47 pm
Forum: Investing - Theory, News & General
Topic: frustrating to keep investing in international/EM
Replies: 179
Views: 21357

Re: frustrating to keep investing in international/EM

But there are folks that say intl/EM are highly correlated with US markets. May be true, but the magnitude can diverge greatly. As we've seen, the US was quicker to react with easing measures, and did not have the political conflict that the EU has which resulted in better fiscal actions on behalf o...
by Nathan Drake
Sat Jan 02, 2016 1:37 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 29604

Re: The Big Short

Really enjoyed the film, but I must have missed what Ryan Gosling's motivation was? How did he profit off of selling these bad (for the bank) default swaps? I'm not positive, but I think he merely received a broker fee and a bonus. And, even a fee that constitutes a tiny percentage of the huge mone...
by Nathan Drake
Sat Jan 02, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 196
Views: 29604

Re: The Big Short

Really enjoyed the film, but I must have missed what Ryan Gosling's motivation was? How did he profit off of selling these bad (for the bank) default swaps?
by Nathan Drake
Fri Jan 01, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: Is the collapse of oil price a "black swan"?
Replies: 133
Views: 17640

Re: Is the collapse of oil price a "black swan"?

Certainly natural gas will remain relevant for a while, though the big question is where oil goes from here if EVs become priced for the mass market in ten years. In my view demand for oil could be greatly reduced in relatively short order and never bounce back.
by Nathan Drake
Fri Jan 01, 2016 1:54 am
Forum: Investing - Theory, News & General
Topic: Is the collapse of oil price a "black swan"?
Replies: 133
Views: 17640

Re: Is the collapse of oil price a "black swan"?

Of course it hard in West Texas, South Dakota and Alberta. Those guys were booming for 10 years, and now its a bust. Was going to happen eventually given the coming long term decline in oil demand , and I think everyone in that business with half a brain knew it was coming. It's not at all clear to...
by Nathan Drake
Sun Dec 27, 2015 10:58 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Ended up getting the new Civic using the tips suggested in this thread and others. Negotiated price strictly through email against all the major dealers in my city. The bids coming back from highest to lowest were a few thousand dollars apart. Received two quotes much lower than the rest and began a...
by Nathan Drake
Fri Dec 18, 2015 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: For people with a MBA..when should I be looking to apply?
Replies: 30
Views: 2636

Re: For people with a MBA..when should I be looking to apply?

Thanks for the advice! I would definitely wait..but the problem is the opportunity costs grow exponentially the longer I wait. At age 30, I'll most likely be at a director level in consulting ($300k+ annual salary) and be in the running for partner. At that point, the payback of the MBA literally d...
by Nathan Drake
Sun Dec 13, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

I don't see the issue with financing when rates are so low, unless you use the financing as a means to go over your budget on a car and that's not what I'm doing.

I'd prefer to not pull money out of savings to pay for a car upfront.
by Nathan Drake
Sat Dec 12, 2015 11:45 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Now I'm wondering if I should consider a lease. My yearly mileage is somewhat high (20,000 miles), but I could find a lease for around $250/mo for a Civic with 20k miles/yr with no downpayment. If I were to repeat this for 10 years (or around 3 lease terms), this translates to roughly $30k over a te...
by Nathan Drake
Tue Dec 08, 2015 8:59 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Bumping this thread because I'll likely try and make the purchase here in a few weeks, and I'm going to follow the internet quote strategy and not even bring up financing until I already have a firm price. However, I do want to finance the car since interest rates are so low and I have a high credit...
by Nathan Drake
Thu Nov 19, 2015 11:15 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

One thing I'm a little concerned about is the fact that the auto industry seems to be on the verge of going through some pretty radical shifts in technology -- should I be concerned about this? You have proclamations from certain auto makers that autonomous vehicles will be here in 4 years. Then you...
by Nathan Drake
Wed Nov 18, 2015 9:43 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

If you want to purchase a 2016 Civic I suggest you wait until very near year end 2015. The week after Christmas is pretty dead for new car sales. New years eve day or day before is a great day to buy a car as dealers are desperate to move whatever they have on the lot before the new year starts. Us...
by Nathan Drake
Tue Nov 17, 2015 10:57 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Thanks for the replies! Regarding vehicle choice, I'll simply respond to what someone mentioned below: Something that isn't so loud and causes vibration to irrate your tendons. Something with enough legroom so you backseat passengers don't need to be contorsonists. Enough trunk room to take a vacati...
by Nathan Drake
Mon Nov 16, 2015 11:05 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

Re: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Also curious if the Honda Sensing suite of Safety Features is worth the additional $1000 MSRP. I'm inclined to say yes, plus it's probably an item that can be negotiated.
by Nathan Drake
Mon Nov 16, 2015 10:58 pm
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10426

1999 Honda Civic, 200K miles --- buy a new 2016 Civic?

Car topics tend to be popular on here, so here's another one! I currently have a 1999 Honda Civic with around 200K miles. Had the transmission rebuilt about 2 years ago ($2k cost), and I've since driven the car for around 35,000 miles without issue. This is the first car I've ever owned and I've had...
by Nathan Drake
Sat Oct 24, 2015 10:20 pm
Forum: Investing - Theory, News & General
Topic: "Bogle: Tough Decade Ahead for Equity Investors"
Replies: 135
Views: 18349

Re: "Bogle: Tough Decade Ahead for Equity Investors"

Fixed income isn't going to be returning anywhere close to 3 percent real.

I would imagine it will get 0% real at best.

4%, while smaller than 6-7% of the past, is still much better than 0%. Compounded annually, it makes a huge difference.
by Nathan Drake
Sat Oct 24, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: "Bogle: Tough Decade Ahead for Equity Investors"
Replies: 135
Views: 18349

Re: "Bogle: Tough Decade Ahead for Equity Investors"

Because a 4% real return is still great even if it's not as good as 7% of the past?

Nobody knows what the future will bring.
by Nathan Drake
Sat Oct 24, 2015 12:13 pm
Forum: Investing - Theory, News & General
Topic: "Bogle: Tough Decade Ahead for Equity Investors"
Replies: 135
Views: 18349

Re: "Bogle: Tough Decade Ahead for Equity Investors"

Curious what the ERP is of international markets right now and how they look compared to their historical averages? The blackrock article showed that US stocks are attractively valued relative to the risk free rate, but with European rates even lower coupled with a much lower P/E, I wouldn't be surp...