Search found 109 matches
- Fri May 27, 2022 1:10 pm
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
The short-term volatility doesn't inform you as to whether or not the 1 year holding decision makes sense. That goes back to the all-time highs I mentioned - it if there was volatility but it was primarily moving upwards (in the same magnitude it is dropping now), would you still be questioning your 1 year holding pattern - I'm going to guess probably not. A company with 2 year runway, where fundraising is cheap, 1 year doesn’t seem that long. When fundraising is getting expensive due to the belt tightening, that sounds like an existential risk. Does it not make sense to take that into account? Is this insider information that would not be known to the market? No, this is just from the quarterly SEC report - cash divided by negative quarte...
- Fri May 27, 2022 10:53 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
A company with 2 year runway, where fundraising is cheap, 1 year doesn’t seem that long. When fundraising is getting expensive due to the belt tightening, that sounds like an existential risk. Does it not make sense to take that into account?burritoLover wrote: ↑Fri May 27, 2022 10:20 am The short-term volatility doesn't inform you as to whether or not the 1 year holding decision makes sense. That goes back to the all-time highs I mentioned - it if there was volatility but it was primarily moving upwards (in the same magnitude it is dropping now), would you still be questioning your 1 year holding pattern - I'm going to guess probably not.
- Fri May 27, 2022 10:06 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
The crux of the issue is if the company and individual tech stocks kept reaching all-time-highs, it is doubtful you would be capitulating and considering selling. If you were bullish on tech stocks long-term before - nothing should change here. If you are suddenly bearish because of recent losses, then you need to re-examine your strategy as you'll just end up making the same mistakes again that will kill your portfolio return (such as piling back into tech stocks once tech recovers and hits ATHs). For the company stock portion, this is purely an issue for me due to lock up timing. Historically for previous jobs our family has converted company stock immediately on vest to cash (and has been extremely lucky to have mega-backdoor Roth avail...
- Wed May 25, 2022 6:39 pm
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
I get that auto selling RSUs makes sense, but the situation after a 70% drawdown is quite a bit different. Is selling undiversified high beta position after riding it all the way to the bottom and buying TSM (beta 1) really the most optimal move here? Wouldn't it make more sense to keep those $ in a higher beta position until the market recovers (or until the mistake is smaller than 70%) and just diversify the idiosyncratic risk away? Perhaps by buying a leveraged S&P ETF? Other than for capital losses and gains calculations what the stock was priced at in the past makes no difference in determining what it might do in the future. A big question to look at is if the original poster had just inherited a large amount of money then should...
- Wed May 25, 2022 6:37 pm
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
I looked this up: I was referring to the fact that some companies have a double vesting condition. (Eg Facebook RSUs didn’t vest until 6 months after their IPO). Also technically the tax is at Release rather than Vest. In some cases, there’s a delay before the shares go to the employee. (I ran into this in a previous company where there was a few week delay once).HomeStretch wrote: ↑Wed May 25, 2022 3:00 pmNo, companies do not get to choose. RSUs are generally taxed at vesting date.newinvestor84 wrote: ↑Wed May 25, 2022 10:56 am About 1/4 are from RSUs which have an ordinary loss. They were taxed on vest (2021 tax year) rather than lock-up expiration. They did sell-to-cover tax withholding at the time. I think companies get to choose between the two options of at vest versus lockup end?
- Wed May 25, 2022 10:56 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
They were mostly from ISOs. As you suggest, all have AMT losses but not ordinary loss.gobel wrote: ↑Wed May 25, 2022 10:40 amWere these from NSO's? If from ISO's then I think you'd have an AMT loss, but not a regular loss. And if they were RSU's, I thought those get taxed and the basis set on the day the lockup expires (so not likely a 50% loss yet?)newinvestor84 wrote: ↑Wed May 25, 2022 8:05 am ~$500k in taxable of my company stock (with about -$500k LTCL and $100k STCL in different lots)
About 1/4 are from RSUs which have an ordinary loss. They were taxed on vest (2021 tax year) rather than lock-up expiration. They did sell-to-cover tax withholding at the time. I think companies get to choose between the two options of at vest versus lockup end?
- Wed May 25, 2022 10:56 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
They were mostly from ISOs. As you suggest, all have AMT losses but not ordinary loss.gobel wrote: ↑Wed May 25, 2022 10:40 amWere these from NSO's? If from ISO's then I think you'd have an AMT loss, but not a regular loss. And if they were RSU's, I thought those get taxed and the basis set on the day the lockup expires (so not likely a 50% loss yet?)newinvestor84 wrote: ↑Wed May 25, 2022 8:05 am ~$500k in taxable of my company stock (with about -$500k LTCL and $100k STCL in different lots)
About 1/4 are from RSUs which have an ordinary loss. They were taxed on vest (2021 tax year) rather than lock-up expiration. They did sell-to-cover tax withholding at the time. I think companies get to choose between the two options of at vest versus lockup end?
- Wed May 25, 2022 9:07 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
It will be fully vested as of June 1, in about a week. $800k is net of exercise cost, gross of taxes.CletusCaddy wrote: ↑Wed May 25, 2022 9:02 am Is that $800k in ISOs fully vested? If not how much will vest over the next 12 months? And is the $800k net of exercise cost?
No more options, but We’ll have $100k of RSUs vesting in 2022, and $350k in 2023.
- Wed May 25, 2022 9:04 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
I don't see how holding on to the shares with the capital losses would make any sense because you could carry any unneeded capital losses forward into future years. I’m not following that. At $3k per year, it would take 100 years to use up these carried forward losses. Did you have something different in mind? The thought would be to hold onto these until I have other capital gains to offset them, and sell in the same years. Your $100K in other individual tech stocks has capital losses too. No offense but you shot yourself in the foot on that too. This was a “spouse has a different investing philosophy” problem. Limiting to 10% of portfolio was compromise. There’s some element of “I told you so” at this point in time. "preferred tax t...
- Wed May 25, 2022 8:42 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Re: Company stock diversification after huge losses
That sounds accurate. (At least for my particular case, share values are the same as the preferred share price 3.5 years ago, and they have multi year lockups, so no late stage returns for those folks either.)nyclon wrote: ↑Wed May 25, 2022 8:32 am Although a generalization, many VC backed companies have stocks which have recently performed poorly post IPO. Several articles have been written on this recently.
VCs who invested late stage pre IPO have enjoyed 60% returns, while public investors have fared worse at close to zero. Also, private market valuations have cratered 40-80% depending on industry.
You’re holding post IPO stock of a pre-revenue company that needs to raise $ - and may raise at a lower valuation than its IPO.
- Wed May 25, 2022 8:05 am
- Forum: Personal Investments
- Topic: Company stock diversification after huge losses
- Replies: 37
- Views: 3728
Company stock diversification after huge losses
Could I request a gut-check on portfolio diversification approach after the recent tech downturn? I work for a pre-revenue technology company that went public last year. Unfortunately, between the public offering and the end of our lock-up period last week, the stock has cratered -70%, but still represents a significant portion of our portfolio. The company will need to raise money by early 2024 based on current burn rates. We live in a VHCOL area, with annual income about $500k, not counting stock compensation. My + spouse’s portfolio is ~$800k in retirement accounts, invested in a 3 index fund portfolio (10% bonds, 70% US, 20% international) ~$100k in taxable in a mix of individual technology stocks (all with long term capital losses) ~$5...
- Wed Oct 13, 2021 12:15 am
- Forum: Investing - Theory, News & General
- Topic: Does anyone have experience with ISO”s?” (Incentive Stock Options)
- Replies: 14
- Views: 2863
Re: Does anyone have experience with ISO”s?” (Incentive Stock Options)
The book “Consider your options” by Kaye Thomas has good coverage of ISO tax issues, and is up to date.
- Fri Oct 01, 2021 12:16 am
- Forum: Personal Consumer Issues
- Topic: Visiting Hawaii with Kids . . . during COVID
- Replies: 8
- Views: 1457
Re: Visiting Hawaii with Kids . . . during COVID
We visited Big Island with an 18-month old for a week around Labor Day this year. Flights went smoothly (Southwest). Just make sure you follow all the steps to pre-submit your vaccine documentation online. Once you’re in the Kona airport, it’s a breeze getting through the line. We stayed at the Hilton resort (last visited the same one in 2016), and it was dead quiet. Pro- the pool and beaches weren’t crowded. Con- restaurants at the resort were either closed or had limited hours and the tram was running irregularly. This was inconvenient. In Kona downtown we had no trouble visiting our regular restaurants, and we didn’t run into many tourists.
- Sat Aug 21, 2021 11:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: Advice on this situation
- Replies: 57
- Views: 7274
Re: Advice on this situation
Why do they want to downsize and rent out the house? That wasn’t explained in the post.
- Sat Jul 17, 2021 8:44 pm
- Forum: Personal Consumer Issues
- Topic: Coffee related question - what's the best milk frother?
- Replies: 12
- Views: 1705
Re: Coffee related question - what's the best milk frother?
We also have a Secura frother. It worked well the first year, but now I'm having issues with cooked milk sticking to the bottom. I've been trying to find a real stand-alone milk steamer wand, like in actual espresso machines, but haven't had much success. Thanks! It seems the Secura frother looks similar to the Miroco Milk Frother that quantAndHold linked to on Amazon above so I will have to check both of these out. :happy Over a year ago I managed to pick up an open-box DeLonghi EC155M for $60. It’s one of the least expensive machines with a steam wand. We’ve loved it for making lattes during the year of working from home. Probably not as high-pressure as the $500 machines, but it’s a significant improvement over the “frothers” and much e...
- Sat Jul 17, 2021 8:26 pm
- Forum: Personal Consumer Issues
- Topic: Wireless Router Recommendations for House?
- Replies: 59
- Views: 5088
Re: Wireless Router Recommendations for House?
We have a large house and a fast cable internet connection (500 Mbps). We’ve tried different mesh networks and cheaper Wifi routers, but suffered poor connection speeds and range. Finally we splurged and bought a ASUS AX6000 (RT-AX88U). Costs about $300 but it’s been rock solid reliable.
- Sun Feb 02, 2020 7:37 pm
- Forum: Personal Consumer Issues
- Topic: Coffee related question - what's the best milk frother?
- Replies: 12
- Views: 1705
Re: Coffee related question - what's the best milk frother?
We also have a Secura frother. It worked well the first year, but now I'm having issues with cooked milk sticking to the bottom. I've been trying to find a real stand-alone milk steamer wand, like in actual espresso machines, but haven't had much success.
- Tue Feb 05, 2019 12:38 am
- Forum: Personal Finance (Not Investing)
- Topic: Chase credit card dispute - denied
- Replies: 141
- Views: 12101
Re: Chase credit card dispute - denied
I have had similar problems with Chase and poor customer service on charge-backs. A few days after staying at a Hyatt hotel, additional charges for an on-site restaurant showed up on our credit card (which we never ate at). I immediately called Hyatt, which claimed they couldn't fix it, and would have a manager get back to me (who never did). I requested a charge-back from Chase providing a copy of the zero-balance portfolio from our checkout. Three months later, they put the $80 charge back on my account, saying that they had written down that my charge-back was due to a "double charge" and that I wasn't "double charged". *facepalm* I clarified that this was an additional charge (repeating what I had said months earlier...
- Thu Jan 03, 2019 7:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
- Replies: 149
- Views: 18518
Re: Recent Engineering College Graduate can’t get job interviews, needs advice
Ditto everything here. There are way too many engineering graduates and not enough people who can do math and write good code.willygreen wrote: ↑Thu Jan 03, 2019 6:26 pmI totally agree with the recommendation to get more programming knowledge. My brother had a degree in Chemical Engineering from a very prestigious school in 2009, GPA was similar and couldn't get a job. He took two programming classes at a community college (SQL and C) and immediately started getting interviews and landed a job.adimoron wrote: ↑Thu Jan 03, 2019 3:54 pm Hi,
Hope this helps.
1. Do not state his GPA on the resume
2. Ask him to do courses on Corsera, Udemy, Code Academy etc.
3. Irrespective of what field he wants to get into a bit of programming knowledge will always help (start with sql, python etc)
Best of luck.
- Thu Jan 03, 2019 7:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
- Replies: 149
- Views: 18518
Re: Recent Engineering College Graduate can’t get job interviews, needs advice
I do a lot of interviews at my current company, and look at resumes. It would be great if OP would comment on what job/internship experience the student has. Is the industrial engineering degree statistics heavy? The student may want to look into data science jobs as a close alternative. -LinkedIn is essential. You’ll get lots of leads from recruiters. Make sure you indicate that you are looking for a job. -There is a really good Resumes discussion board on Reddit for resume improvement - Advice above to do some Coursera classes is good Setting expectations- - Most new grad hiring is done in December of the previous year, before graduation. - Most big engineering companies only hire new grads returning after they did a summer internship at ...
- Mon Nov 12, 2018 2:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Finance software for couples
- Replies: 4
- Views: 1077
Finance software for couples
Hi folks, I got married this year, and we've been slowly combining finances. We got a joint checking account, combined insurance, etc. The next thing we want to look at is combined budgeting. Over the past ten years, I've been keeping track of my income, expenses, and investments in GnuCash. I really like the double entry accounting in GnuCash, as well as the ability to import accounts with OFX direct connect. My wife is very impressed by the level of detail, and wants me to also include her accounts when I do the monthly check-up on them. I played around with Mint and Personal Capital about 5 years ago, but didn't switch to them due to security concerns. However, since now I'm looking into a way to make our financial-big-picture easily vis...
- Mon Nov 12, 2018 2:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Where to buy engagement ring?
- Replies: 61
- Views: 9479
Re: Where to buy engagement ring?
Curious if anyone has experience with lab-grown diamonds? My partner is leaning this way and am wondering if anyone has purchased previously, insights, etc. I purchased a lab grown diamond for my wife. By lab grown, I mean actual diamond, not one of the diamond synthetics, so the price is maybe 2/3 the cost of a mined diamond. I asked my wife to look at different settings and pick about 4 or 5 she liked, and then I bought something of the same style online. The websites should have an inspection report with things like a diagram of occlusions, and the cut angles, etc, so you can sort out ones with issues. Cut angles can be plugged into online calculators which will give you better comparison between diamonds of similar grading . (better cu...
- Wed Aug 22, 2018 12:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Where to buy engagement ring?
- Replies: 61
- Views: 9479
Re: Where to buy engagement ring?
If you’re set on diamonds, go with lab created diamonds sold online. If she wants a “shiny” diamond, cut is very important. If you’re an analytical person, look for one of the Holloway Cut Advisor tools online, plug in the dimensions, and buy something with a score around 1.0.
- Wed Mar 21, 2018 4:44 pm
- Forum: Personal Investments
- Topic: How to think about AA with company stock
- Replies: 18
- Views: 1861
Re: How to think about AA with company stock
Think of it this way- if you had cash instead of the RSUs, would you use it all to buy stock in your employer?
- Fri Jul 28, 2017 6:02 pm
- Forum: Personal Consumer Issues
- Topic: Best place to get eyeglasses / no vision insurance
- Replies: 94
- Views: 36272
Re: Best place to get eyeglasses / no vision insurance
I have good experience with eyebuydirect on their single vision lenses and frames. You can get a very reasonable pair of glasses for about $50 all in. (make sure you do a search for all their discount codes available. Usually you can get like 20% off).lightheir wrote:Online is the cheapest (by far) if you via Zenni, eyebuydirect, or similar priced outfit. Even cheaper than Costco (by a fair amount, too).
- Fri Jul 28, 2017 1:52 pm
- Forum: Personal Investments
- Topic: Awarded stock; sell and diversify?
- Replies: 27
- Views: 2537
Re: Awarded stock; sell and diversify?
What do you mean by "transition to long term"? RSUs count as ordinary income when they vest. There is no tax advantage to holding them longer. A lot of people get confused that the stock grant is long term capital gains if they hold it a year, so I hope that's not what you mean.GuyFromGeorgia wrote:For me, I do keep a small amount of vested RSUs. I like waiting for them to transition to long-term. It is all about how much am I keeping relative to my net worth. You're on pace to get about $25k next year. How much is that relative to everything else? If you have a NW of $50k, that's a big deal. If you're worth $1M, not so much. For me, I don't allow more than 5-10% of my NW to be in company stock.
- Fri Jul 21, 2017 8:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much cash to hold for ~2-4 yr home buying time horizon
- Replies: 12
- Views: 1654
Re: How much cash to hold for ~2-4 yr home buying time horizon
Getting back to my implicit statement, how much cash can you save in the next 2-4 years? And, if you are not comfortable continuing to hold 100% equity as you are now, then take some chips off the table and reallocate to hold enough fixed income that permits you to SWAN (sleep well at night). Then add your desired cash reserves to the amount you have to come up with. There is no investment that can give you appreciable return in the time span you have in mind, unless you are willing to risk being left with less money than you started with two years from now. We're adding about $30k a year cash/year, while also doing mega-backdoor Roths while we have that option available. That would intercept with the down-payment needs in about a year. Ba...
- Fri Jul 21, 2017 8:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much cash to hold for ~2-4 yr home buying time horizon
- Replies: 12
- Views: 1654
Re: How much cash to hold for ~2-4 yr home buying time horizon
That's also in 50/50 total us/total international index funds.Grt2bOutdoors wrote:How much cash can you save between now and the time of 2-4 year home buying horizon?
You need $200K - you have $150K in cash now, you have $30K in I bonds which are essentially cash since they can be easily liquidated with short turn around when you hit "sell". You need $20K more and you have 2-4 years to go. Then, you have $100K in index funds, but you don't say how it's allocated. So, how is the $100K allocated currently?
The cash includes our emergency fund, so we don't necessarily want to use everything to pay for the down payment.
- Fri Jul 21, 2017 7:39 pm
- Forum: Personal Consumer Issues
- Topic: Anyone use Verizon wireless prepaid for cell phones???
- Replies: 41
- Views: 7036
Re: Anyone use Verizon wireless prepaid for cell phones???
Thanks for the tip! I just upgraded to the lower price. I guess they don't give the lower price automatically...BeneIRA wrote:You should have the $40 plan available to you. If you go to your Verizon account and pick a new plan, the 2GB should now be $40.newinvestor84 wrote:I use Verizon prepaid. I pay $45, $48 with tax per month for 2GB (3GB with autopay bonus) LTE data. Verizon works great in rural areas when camping and is almost as fast as ATT in the California urban area where I live. For 1 or 2 people, I couldn't find a post-paid package that was competitive in price.
- Fri Jul 21, 2017 7:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: How much cash to hold for ~2-4 yr home buying time horizon
- Replies: 12
- Views: 1654
How much cash to hold for ~2-4 yr home buying time horizon
Hi Bogleheads. I'm trying to save for a down payment for a potential first-home purchase in the next couple year time horizon. Recently married, early 30s, and live in the SF Bay Area. Total household income is about $300k. Liquid, we are holding about $150k in cash and $30k in Ibonds. Retirement accounts are being fully funded (currently about $350k in 50/50 us/international index funds). We also have about $100k in a brokerage account invested in index funds. We're hoping to buy a 2br/1ba for about $1M sometime in the next couple years, so that's about a $200k down payment, but we don't have a specific deadline (a market slowdown would be great!). Would you recommend cashing out the $100k from the brokerage account so that we have a littl...
- Fri Apr 07, 2017 7:02 pm
- Forum: Personal Consumer Issues
- Topic: Anyone use Verizon wireless prepaid for cell phones???
- Replies: 41
- Views: 7036
Re: Anyone use Verizon wireless prepaid for cell phones???
I use Verizon prepaid. I pay $45, $48 with tax per month for 2GB (3GB with autopay bonus) LTE data. Verizon works great in rural areas when camping and is almost as fast as ATT in the California urban area where I live. For 1 or 2 people, I couldn't find a post-paid package that was competitive in price.
- Sun Mar 12, 2017 8:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: USAA 2.5% Cash Back Credit Card [Update]
- Replies: 442
- Views: 94086
Re: USAA 2.5% Cash Back Credit Card
For the past few months, they've been adding new states on the 7th day of each month. So whoever else is waiting for this offer, you only have to check back once a month.macaroon wrote:I've been checking periodically, too, and haven't seen the offer (I'm in FL)...
- Wed Jan 11, 2017 5:41 pm
- Forum: Personal Consumer Issues
- Topic: Shutterbugs - How do you organize your digital photos?
- Replies: 44
- Views: 5769
Re: Shutterbugs - How do you organize your digital photos?
I just did a huge reorganization of mine (about 100GB of photos.). Old photos were uploaded over a weekend to Dropbox to keep full quality (I pay $80 a year for 1 TB of space), as well as Amazon Prime photos and Google Photos (which compress them but are easier to search). All new photos taken by my iPhone are automatically uploaded to all three services. Once in a while I backup the newer photos off of Dropbox to an external harddrive using the rclone utility.
- Tue Jan 10, 2017 5:29 pm
- Forum: Personal Investments
- Topic: Best use of HSA funds
- Replies: 21
- Views: 4350
Re: Best use of HSA funds
I am coming up on this same problem myself. I have about $4000 in my HSA, and maxed out retirement accounts already (including 401k, backdoor Roth, and mega backdoor Roth). However, I am in California, where HSA earnings are taxed, which makes it a difficult decision whether to invest in mutual funds in the account.
- Mon Nov 07, 2016 3:52 pm
- Forum: Personal Finance (Not Investing)
- Topic: Gas credit card turned to Visa
- Replies: 8
- Views: 1099
Re: Gas credit card turned to Visa
Chase ultimate rewards points transfer to Southwest, so that family of cards might be a better deal than the SW branded card. Look up the points earnings for Freedom, Freedom Unlimited, Sapphire Preferred, and Sapphire Reserve, and check if they fit better with what you spend money on. You can definitely do better than 1 point per dollar.
- Fri Sep 23, 2016 12:58 am
- Forum: Personal Consumer Issues
- Topic: HSBC Bank- Easy (???) $350 bonus
- Replies: 51
- Views: 18605
Re: HSBC Bank- Easy $350 bonus
I applied 10 days ago and still waiting on the account pending.
- Fri Sep 09, 2016 10:12 am
- Forum: Personal Investments
- Topic: Just starting Roth IRA with fidelity
- Replies: 23
- Views: 6358
Re: Just starting Roth IRA with fidelity
What are everyone's thoughts on the newer Total International Index Fund? Is it risky to invest in it since it is so new?
I was thinking of doing a split between Fidelity Total Market Index Fund and Fidelity Total International Index Fund.
I was thinking of doing a split between Fidelity Total Market Index Fund and Fidelity Total International Index Fund.
- Fri Sep 09, 2016 10:00 am
- Forum: Personal Consumer Issues
- Topic: Hailing runners and tech Bogleheads re:Apple watch 2
- Replies: 27
- Views: 3241
Re: Hailing runners and tech Bogleheads re:Apple watch 2
It sounds like the bigger issue is that the phone is getting old and may need to be replaced soon. If she's running with it, consider the smaller sized version (e.g. iPhone SE, 5s or 5). If you can’t splurge for new, you can get "mint" condition phones, often with the original boxes, at 3rd party websites. For example, I've bought 3 phones over the years from the website Swappa, and have been happy with them. I know several women who received the first watch version as presents and now keep it in a drawer, due to the short battery life and clunkiness (size) compared to a regular watch. The new model has a bigger battery, but the GPS will eat that up faster…. The “conveniences of a smart watch” are few. If you’d be happy with this ...
- Tue Sep 06, 2016 2:56 am
- Forum: Personal Investments
- Topic: Apple employee seeking advice on 401k and general investments
- Replies: 28
- Views: 11300
Re: Apple employee seeking advice on 401k and general investments
Ditto what everyone else said. You're not saving enough, and not taking advantage of low hanging fruit. I know Silicon Valley is expensive, but you're single, so you should be at least able to max out your 401k, max out a backdoor ROTH, and max out your ESPP each year. Every time RSUs or ESPP vests, sell it immediately so you can diversify away from holding too much Apple stock.
- Mon Sep 05, 2016 10:42 pm
- Forum: Personal Consumer Issues
- Topic: Claiming diminished value after car accident (CA State)
- Replies: 34
- Views: 16278
Re: Claiming diminished value after car accident (CA State)
I'm going to try the advice on this thread to file a diminished value claim. Wish me luck!
11 month old, purchased new Honda Civic, 9000 miles. Accident was from a drunk driver, with previous DUI arrests, who hit 3 parked cars, then abandoned his car and fled on foot. Luckily the police "called his bluff" the next day when he went to recover his "stolen" car, and he admitted fault in a statement in the police report. $6500 in damage, which my insurance company (USAA) is now trying to subrogate from his insurance company.
11 month old, purchased new Honda Civic, 9000 miles. Accident was from a drunk driver, with previous DUI arrests, who hit 3 parked cars, then abandoned his car and fled on foot. Luckily the police "called his bluff" the next day when he went to recover his "stolen" car, and he admitted fault in a statement in the police report. $6500 in damage, which my insurance company (USAA) is now trying to subrogate from his insurance company.
- Sat Sep 03, 2016 2:20 am
- Forum: Personal Consumer Issues
- Topic: Road bike
- Replies: 29
- Views: 4750
Re: Road bike
I just bought a new Specialized Allez Sport for $700 + tax. It has pretty good ratings from reviews online and from friends. This model is usually almost $1000, but this month all the local bike shops are getting in their 2017 models, and the 2016 models are heavily discounted.
- Tue Aug 30, 2016 1:23 am
- Forum: Personal Investments
- Topic: "Discontinued" TRowe Total Equity Market fund?
- Replies: 8
- Views: 1244
Re: "Discontinued" TRowe Total Equity Market fund?
Thanks everyone for commiserating with me. Generally agreed this is less than optimal.
- Mon Aug 29, 2016 6:14 pm
- Forum: Personal Investments
- Topic: "Discontinued" TRowe Total Equity Market fund?
- Replies: 8
- Views: 1244
Re: "Discontinued" TRowe Total Equity Market fund?
Thanks for the response. We called back, and this is the case.David Jay wrote:It is certainly true in 401K plans that my employers have used. In one case we changed our 401K servicer and ALL of my fund choices changed, no common funds between the two vendors.
They removed all T. Rowe Price funds as options, except for Target Retirement funds. They replaced them with a small selection of "Knights of Columbus" funds. These seem to all have >1% expense ratio, and have only been around 1 year, so there's not very much performance history. This doesn't seem very fiduciarily responsible to me from the plan administrator...
- Mon Aug 29, 2016 6:02 pm
- Forum: Personal Investments
- Topic: "Discontinued" TRowe Total Equity Market fund?
- Replies: 8
- Views: 1244
"Discontinued" TRowe Total Equity Market fund?
A family member of mine invests her retirement fund with T. Rowe Price, and I help with the investment selections. "A person on the phone" from T. Rowe Price just told her that the T. Rowe Price Total Equity Market Idx (POMIX) and the T. Rowe Price International Eq Index (PIEQX) are now frozen to new funds, are going to be completely discontinued in October, and existing money will be moved into different funds (with higher expense ratios, of course).
This sounds unlikely, since I couldn't find anything online about this. Possibly they are just discontinuing them as an option in her 403b. Any suggestions? I find it strange that they would force you to sell mutual funds you already own.
This sounds unlikely, since I couldn't find anything online about this. Possibly they are just discontinuing them as an option in her 403b. Any suggestions? I find it strange that they would force you to sell mutual funds you already own.
- Tue Aug 02, 2016 12:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
Okay makes sense.BL wrote:
Setting aside this much has two benefits: creating a savings pot, and getting used to spending less. Another way to look at it is that they have been spending the insurance premiums for her SBP, and now they need to double down to start making up for lost time.
- Mon Aug 01, 2016 9:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
I talked to them today about this. They opted out due to having a very tight budget and feeling they would not be able to afford the premiums after being laid off from the military. The financial situation was very tight for a couple years.123 wrote:It seems the most likely situation for this to occur in would be that the military retiree is not married at the time he elects the military pension. Otherwise it appears consent of the married spouse is required.
Edited to add:
Of course they could have elected a pension without a survivor option based on their perspective of their financial situation at the time.
- Mon Aug 01, 2016 12:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
It seems the most likely situation for this to occur in would be that the military retiree is not married at the time he elects the military pension. Otherwise it appears consent of the married spouse is required. Edited to add: Of course they could have elected a pension without a survivor option based on their perspective of their financial situation at the time. Since the OP used the term "parents", it seems that a post retirement marriage is probably not the case. BUT - we don't know. One "sales technique" used commonly by life insurance and annuity sales folks targets military retirees and convinces them that they should decline SBP and buy a many year, high cost life insurance and annuity type policy. +1 That life...
- Mon Aug 01, 2016 12:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
123 wrote:It seems the most likely situation for this to occur in would be that the military retiree is not married at the time he elects the military pension. Otherwise it appears consent of the married spouse is required.
Edited to add:
Of course they could have elected a pension without a survivor option based on their perspective of their financial situation at the time.
Thanks for the comment. In their case, they've been married through the whole military career and after.
- Mon Aug 01, 2016 12:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
It seems the most likely situation for this to occur in would be that the military retiree is not married at the time he elects the military pension. Otherwise it appears consent of the married spouse is required. Edited to add: Of course they could have elected a pension without a survivor option based on their perspective of their financial situation at the time. Since the OP used the term "parents", it seems that a post retirement marriage is probably not the case. BUT - we don't know. One "sales technique" used commonly by life insurance and annuity sales folks targets military retirees and convinces them that they should decline SBP and buy a many year, high cost life insurance and annuity type policy. I'm going to...
- Sun Jul 31, 2016 7:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Insure military pension income for spouse
- Replies: 14
- Views: 1709
Re: Insure military pension income for spouse
I'll have to ask them about the reasons, but unfortunately they did not participate in the SBP.dm200 wrote:No first hand experience in any of this, but I know many military retirees (some of whom moved into federal civilian employment).
I thought (was quite sure) that there were options to provide benefits to the spouse if the retiree died first, so I did a search. http://www.military.com/benefits/surviv ... ained.html
Did he consciously choose to not have the SBP at retirement? Or were ther other consderations/factors?