Search found 539 matches

by FireProof
Mon Aug 20, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Median pay for 30 Bay Area companies
Replies: 6
Views: 885

Re: Median pay for 30 Bay Area companies

Like livesoft would say, garbage in, garbage out. It lists the median pay of 30 "Bay Area" companies but doesn't list what the median pay is for their Bay Area based employees specifically. For example, the average pay for Intel is listed at $102k but that includes the wages of every manufacturing ...
by FireProof
Thu Aug 09, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 114
Views: 6145

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

Is the real expense ratio (loss relative to index) 0.2%, including borrowing costs, or are there additional hidden costs?
by FireProof
Mon Aug 06, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Those who retired and moved to another country, where did you go?
Replies: 12
Views: 3140

Re: Those who retired and moved to another country, where did you go?

Moving around - in 6 years of retirement, I've lived in Peru, Spain, Germany, Malaysia and Japan. Its been a blast, its made time slow down and kept experiences distinct, and I've learned Spanish to a native level, German to complete fluency, and Malay to a solid level (Japanese is tough!). Even Ger...
by FireProof
Sun Aug 05, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2595

Re: What prevents residential real estate buyers from colluding to bring down prices?

Seems like it would be much easier for sellers to collude. There are a limited number, and they are easier to identify. Ensuring collective action between an unknown and uncapped number of unidentified potential buyers, with the game-theoretic incentive to defect, seems tricky.
by FireProof
Sun Aug 05, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7038

Re: "Skin in the game"

I don't think there's any particular reason to believe that skin in the game makes students more serious (and certainly not that this factor exceeds the negative factor of the additional pressure and stress). I think the only value of skin in the game is to ensure that cost may play some factor in t...
by FireProof
Sun Aug 05, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Are Tencent, Alibaba, etc in international funds?
Replies: 9
Views: 797

Re: Are Tencent, Alibaba, etc in international funds?

China is an emerging market. Chinese companies appear in Emerging Market funds or ex-US funds, but not developed market funds like SWISX. Confusion might arise from somewhat ambiguous terminology, but it seems like the term "International" means large-cap developed markets, unless further specified ...
by FireProof
Sat Aug 04, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1587

Re: Traveling to Cuba - currency exchange

Thinking about CUP (the local currency) again. I've spend 90 days in Cuba in the last few years. In all of that time, I have not spent one night in a hotel... only in airbnb rooms-in-homes well outside of the tourist districts. I've spent maybe a day or two in old town Havana, the biggest tourist d...
by FireProof
Sat Aug 04, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Touring Singapore in October
Replies: 9
Views: 624

Re: Touring Singapore in October

Take a cheap flight to Penang, and you can see what Singapore was like 20 year ago, with intact historical buildings, plus the food is better.
by FireProof
Fri Aug 03, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9494

Re: Realities of Early Retirement Model (FIRE)?

People seem to discount the mental and social advantages of living on $30k, but knowing that if your car needs tires, you can get to some of that $30k today, rather than having to wait or pay high interest for those tires. Or even just living on $30k with good credit, which can make a number of thi...
by FireProof
Fri Aug 03, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4473

Re: Which diet soda pop do you enjoy?

My nutritionist recommended I cut down on my consumption of diet sodas, so now I only drink kale, chia and acai smoothies. Free-range kale, of course.
by FireProof
Tue Jul 31, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9494

Re: Realities of Early Retirement Model (FIRE)?

I think FIRE is a misnomer. It's not that most of these 30 somethings really are financially independent, nor have they retired. Maybe a new term needs to be defined. Let's stick with Pete's story (Mr. Money Mustache). He "retired" and his wife worked while he pretended to be a contractor. He made ...
by FireProof
Tue Jul 31, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Financial upside / downside of marriage vs cohabiting
Replies: 74
Views: 5810

Re: Financial upside / downside of marriage vs cohabiting

First marriages between college educated people only have like a 15% divorce rate. relying on average divorce rates is like relying on average savings rates.
by FireProof
Tue Jul 31, 2018 5:12 am
Forum: Personal Consumer Issues
Topic: Travel to Poland, Estonia, Lithuania: is it worth it?
Replies: 37
Views: 3519

Re: Travel to Poland, Estonia, Lithuania: is it worth it?

Have any of you traveled to Poland, Estonia, and Lithuania? If so would you recommend it? I can think of 10 countries in Europe more interesting. If you've already been to UK, France, Spain, Italy, Netherlands, Switzerland, Austria, Czech Rep check out those. Matter of opinion - certainly I found P...
by FireProof
Tue Jul 31, 2018 4:51 am
Forum: Personal Consumer Issues
Topic: Travel to Poland, Estonia, Lithuania: is it worth it?
Replies: 37
Views: 3519

Re: Travel to Poland, Estonia, Lithuania: is it worth it?

Have any of you traveled to Poland, Estonia, and Lithuania? If so would you recommend it? I can think of 10 countries in Europe more interesting. If you've already been to UK, France, Spain, Italy, Netherlands, Switzerland, Austria, Czech Rep check out those. Matter of opinion - certainly I found P...
by FireProof
Mon Jul 30, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1203

Re: Dual language vs Traditional Public School

In Luxembourg, students speak Luxembourgish at home, learn math and science etc. in French until 6th grade, then in German afterwards, and they certainly learn the subjects a lot better than Americans. So it isn't impossible to learn things in a different language. But it depends a lot on the specif...
by FireProof
Mon Jul 30, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: ACT test - got 34, try for 36?
Replies: 61
Views: 5248

Re: ACT test - got 34, try for 36?

I don't think there's any reason to believe that there are diminishing returns. 34 is not even the 75th percentile at competitive schools like University of Chicago, so it makes a direct difference for their stats/rankings. If anything, there's an almost unlimited supply of people with 34s, so the o...
by FireProof
Mon Jul 30, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9494

Re: Realities of Early Retirement Model (FIRE)?

I have read a few articles about the FIRE (Financial Independent & EArly Retirement) which folks in their early 30s, etc quit their job and live off of their savings and passive income. My instincts tell me there are some underlying things that are not addressed with this model. Does anyone has dir...
by FireProof
Sun Jul 29, 2018 4:27 am
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 81
Views: 6786

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

Note that when I rent out on AirBNB, the cleaning fee is purely used as a way to incentivize longer stays. If I didn't use a cleaning fee, I could just include it in the total price, and it would work out essentially the same, but using a per-visit rather than per per-night fee includes ALL the addi...
by FireProof
Fri Jul 27, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9293

Re: Toughest Purchase of my Life. Engagement Ring time

What's the point of insuring a ring? Insurance, of necessity, is a losing proposition, but allow you to meet sudden high expenses. Replacing an $8000 ring doesn't seem to meet that definition. One, it's not a tremendously high cost, or at least it shouldn't be for a Boglehead who's presumably not li...
by FireProof
Thu Jul 26, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Traveling to Cuba - currency exchange
Replies: 27
Views: 1587

Re: Traveling to Cuba - currency exchange

You can exchange dollars, but there will be a 10% penalty. It's better to have Euros, Canadian dollars, or Mexican pesos, so it will likely work out better to bring those currencies in assuming you can get a reasonable exchange rate for those. If you have a stopover in Mexico or something, obviously...
by FireProof
Thu Jul 26, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: How to Learn Italian (a little) Before Trip to Italy
Replies: 34
Views: 2064

Re: How to Learn Italian (a little) Before Trip to Italy

For just some basic travel phrases and good pronunciation, Pimsleur's not bad, though for Italian it's very slow for anyone who's ever learned a language before - especially if you've already studied a Romance language, you can skip through a lot of the repetition drilling, do every other lesson, et...
by FireProof
Tue Jul 24, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for credit card
Replies: 35
Views: 2781

Re: Turned down for credit card

Yeah, same thing happened to me. In college, they give out cards to anyone, but the day you graduate, it becomes tough if you don't have any credit history. As mentioned, to overcome the Catch-22, you can just get Discover with a co-signer.
by FireProof
Mon Jul 23, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: Are socially responsible funds just another marketing ploy?
Replies: 25
Views: 2167

Re: Are socially responsible funds just another marketing ploy?

Of course, but doesn't mean it doesn't work. My wife wouldn't invest otherwise, so all her (minor investments) are in ESG funds. I carefully omit mentioning how minor their social commitment actually is, so she can feel good imagining her money is hard at work educating orphans, saving whales, and k...
by FireProof
Mon Jul 23, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5132

Re: I dont know how to spend money

I'd say focus on the value of time. You already understand it in one direction - every overpriced lunch means more time slaving away in the office. But it cuts in the other direction, too - spend a bit of money upfront on a washing machine and you'll save countless future hours of joyless scrubbing ...
by FireProof
Wed Jul 18, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Europe travel Qs [Questions]
Replies: 63
Views: 3576

Re: Europe travel Qs

It's often very hard to use a credit card in Germany (to buy metro tickets, for example) - frequently one can only use a unique kind of German cash card that you will not have. In general, it may be harder to use a credit card for very small transactions in France as well. You shouldn't need large q...
by FireProof
Tue Jul 17, 2018 5:31 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6446

Re: $540 a month on food for graduate student budget too much?

Cook more at home, but don't worry too much about "cheap meals" or planning intricately. Pretty much ANY balanced home-cooked meal (i.e. not just a massive slab of salmon) will be cheap, unless you go out of your way to look for expensive ingredients. Staples like potatoes, bread, rice, pasta, lenti...
by FireProof
Mon Jul 16, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Does transferring US ETFs to a foreign custodian create tax problems?
Replies: 1
Views: 118

Does transferring US ETFs to a foreign custodian create tax problems?

A foreign bank wants me to pledge as security for a loan US ETFs that I hold in a US brokerage. To do this, they want me to transfer the shares to their custody, where I would have no control to sell. The dividends would not enter into the collateral, and would be paid out to me by this foreign bank...
by FireProof
Sun Jul 15, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 6801

Re: Are Credit Cards Actually Convenient?

I haven't had a problem with my card in 40 countries, except once buying bus tickets online in an Asian country.
by FireProof
Sat Jul 14, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Is expensive olive oil worth it?
Replies: 59
Views: 5746

Re: Is expensive olive oil worth it?

Do a BLIND test. It's quite likely you will prefer certain olive oil, but no reason to believe it will have any connection to price.
by FireProof
Sat Jul 14, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10047

Re: When does frugal cross the line to cheapskate?

KyleAAA wrote:
Fri Jul 13, 2018 12:08 am
When someone else does it.
I dunno, if someone else does it like I do, I think they seem like a good bloke.

I'd say it's more:
"thrifty" = about as tight-fisted as me.
"cheapskate" = significantly more tight-fisted than me
"profligate" = significantly less tight-fisted than me
by FireProof
Sat Jul 14, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 15069

Re: Why is leveraging property good but leveraging stocks bad?

Simplest answer (though not necessarily correct) is that leverage is not good for property, it's just (generally) a necessity to afford one. People who can pay in cash usually do.
by FireProof
Wed Jun 27, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12116

Re: When did you start flying business class?

I think even the airline would be surprised to see someone paying full fare for a business class ticket. Its like buying a suit for the asking price at Jos A Bank ' sure, their suits get sold, but more often as part of their deals of ¨2 suits, 5 shirts and 5 ties for the price of one.¨
by FireProof
Tue Jun 26, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7424

Re: Family dynamics/in laws/am I being petty?

Count yourself lucky. My FIL, who doesn't make much money at all (and saves even less, not surprisingly), insists on getting the bill 100% of the time (since he's an older generation). It's gotten to the point where I barely order anything when I'm out with him.
by FireProof
Tue Jun 26, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8627

Re: Retirees: When you cut spending, what do you cut?

Edit: I have decided that discussion of this was causing too many problems and derailing the thread. I will not be replying to any posts regarding this. I'm of the opinion that if you have to cut your chosen lifestyle, then you failed. You didn't save enough or you didn't handle the investments pro...
by FireProof
Tue Jun 26, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8627

Re: Retirees: When you cut spending, what do you cut?

Main thing I could cut would be rent, either by moving somewhere cheaper, or buying a house (total remaining in my SWR after downpayment and mortgage would be less). Beyond that, I have few expenses that aren't pretty necessary.
by FireProof
Mon Jun 18, 2018 5:53 am
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5430

Re: A vehicle that "sits up" but can't afford CRV

99% of people are confused with seating position, you want to be as low as possible looking as far out and up as possible. Look for cars with great visibility, which has nothing to do with car height or sitting up as you put it. Lots of compact SUVs I've sat in have terrible A-pillar blind spots. H...
by FireProof
Sun Jun 17, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8793

Re: Which Supermarket are you?

The responses in this thread (when there are enough of them) should likely end up representing the market share of each of the supermarkets in the US. I doubt it. Bogleheads tend to be more frugal. I suspect Whole Foods, Marianos, and the like to be underrepresented. But also tend to be upper middl...
by FireProof
Sun Jun 17, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8793

Re: Which Supermarket are you?

Love Lidl. Very good prices, and pretty nice variety with sourcing in many countries and their different themed weeks (e.g. Italian, Greek, Asian, French), which also leave leftover products. Went to Costco yesterday, Lidl today, and for 2/3 the price, I got way more, and much more interesting stuff...
by FireProof
Wed Jun 13, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Living Abroad - Who's done it?
Replies: 52
Views: 5037

Re: Living Abroad - Who's done it?

I don't see any major practical impediments. Travel is just so cheap nowadays that distance isn't so important for things like renting from abroad or getting back to your currently-healthy parents in the unlikely case of an emergency (which your siblings can deal with in its first moments). Hell, wh...
by FireProof
Wed Jun 13, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7359

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

I don't buy the idea that young people today will "mature" some day and discover their love of cul-de-sacs and two-car garages. Cities today are just objectively a much better place to live today than they were in the 70s and 80s, when Boomers were buying their McMansions. Crime rates of all types h...
by FireProof
Wed Jun 13, 2018 3:55 am
Forum: Personal Finance (Not Investing)
Topic: FIRE to Sweden from Switzerland on 1M euro?
Replies: 16
Views: 1372

Re: FIRE to Sweden from Switzerland on 1M euro?

The usual things: taxes, housing, healthcare (discretionary in addition to the usual things), university for children, travel plans, new hobbies, what you're retiring to , house maintenance, property taxes, vehicle replacement, what your Plan B might be if equity returns are especially poor for an ...
by FireProof
Sun Jun 10, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10738

Re: Why do we work?

For the vast majority of the hoi polloi, the simple fact that they spend any money they get, so they need a constant income stream to avoid destitution. For the Boglehead elite, probably three major categories. 1. The excessively cautious - will the $3.7 million really tide me over until my pension ...
by FireProof
Sun Jun 10, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10738

Re: Why do we work?

I don't - never enjoyed it.
by FireProof
Wed Jun 06, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Backpacking in Guatemala and El Salvador?
Replies: 31
Views: 3127

Re: Backpacking in Guatemala and El Salvador?

San Salvador recently made the list of the 50 most violent cities in the world: http://www.businessinsider.com/most-violent-cities-in-the-world-2018-3#18-aracaju-brazil-had-5888-homicides-per-100000-residents-33 So did a number of US cities, but as “locals” we may feel more comfortable visiting New...
by FireProof
Mon Jun 04, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 17554

Re: Top Shelf Liquor Overrated?

In blind tests, even noted experts have proven time and time again not to be able to tell the difference.
by FireProof
Mon Jun 04, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 18304

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

I think you may have misunderstood my post or maybe directed to the poster I was responding to? All I was saying is any discussion of ROI does not have to do with simply college cost, but the field one chooses. Your example is a perfect example of that point. Of course, on a ROI your sister is not ...
by FireProof
Sun Jun 03, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 18304

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

I'll assume average is average for upper middle class, not average overall, since average overall doesn't even go to college. So, say, 1200/1600 SAT, 3.6 GPA. That won't get into any schools that offer significant need-based grants to middle class kid (e.g. - I think Harvard offers some grants all t...
by FireProof
Tue May 29, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5361

Re: work one more year or attend law school

Some of the questions should be answerable with data What proportion of the graduating class at Yale and Harvard end up going to Big Law? That should be known. Add in those who do federal clerkships right out of law school, since I assume any Y or H graduate with a federal clerkship can get a Big L...
by FireProof
Mon May 28, 2018 5:00 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 5361

Re: work one more year or attend law school

Hi, I need some advice. I plan to attend a top 5 law school. And should start at $150-180k per year after graduating. How do you know this? the average starting salary for graduates at the top ten law schools is 150-180K Not my point. We can quote data all day long. We don't know this to be true fo...
by FireProof
Fri May 25, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: If the US market cap was 5% instead of 52%, would the US vs International conversation change?
Replies: 40
Views: 3114

Re: If the US market cap was 5% instead of 52%, would the US vs International conversation change?

There's also currency risk. Having 95% of your investments in different currencies from your own minor currency could be at least psychologically tricky. In my opinion, quite on the contrary. If you're in a small country with a minor currency, you have all the more reason to diversify outside of yo...