Search found 71 matches

by ScaledWheel
Thu Nov 07, 2019 10:42 pm
Forum: Personal Consumer Issues
Topic: Is selling trees for lumber Immoral?
Replies: 33
Views: 2674

Re: Is selling trees for lumber Immoral?

It isn’t immoral but it’s a great way to destroy a piece of property and likely diminish its value. We’ve removed plenty of trees for the purpose of forestry management but I’m not going to ruin a beautiful piece of property for $7k. That's probably $7k/tree, white oak is a desirable hardwood. But ...
by ScaledWheel
Wed Oct 16, 2019 10:13 am
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11674

Re: How to handle 5M capital gain (post-IPO)

Depending on how long you've been gone, you know more about your former company's competitive advantage and position in the market than us. If it has had a good post-IPO trajectory, I would be inclined to "dollar cost average" out of your holdings in the next couple years, maybe holding a very small...
by ScaledWheel
Tue Oct 15, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Research: Aging demographics
Replies: 7
Views: 1917

Re: Vanguard Research: Aging demographics

One thing I've wondered about aging populations is the housing market, which wasn't addressed (though they did address housing spending). Home ownership rates are highest among populations 65+, and there are ~70 million boomers, depending on how you count. I would assume the changes in homeownership...
by ScaledWheel
Mon Oct 14, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2636

Re: How much do you spend on clothing?

I recommend using one of those traveling tailors that come from Asia. They set up shop for one or two days in a hotel, and they will take your measurements and make you a fantastic suit at some insanely low price. It would be better if you could go in for multiple fittings, of course, but even a su...
by ScaledWheel
Mon Oct 14, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2636

Re: How much do you spend on clothing?

Professional clothes are a bit of an upfront cost. I probably have $4000 worth of suits/blazers but these only need to be replaced every few years (assuming negligible weight gain/loss), but you can get pretty good tailored suits for $500-800 now. I would say $2500 is probably accurate for professio...
by ScaledWheel
Sat Oct 12, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Cold feet - Radiant subfloor heating question
Replies: 26
Views: 2251

Re: Cold feet - Radiant subfloor heating question

Agree with others that, if you don't already have hydronic heat it's probably too much trouble. Also, the heating is supposed to be installed in the subfloor, not under the floor. It'll be very inefficient to install it in the joist space under the floor. You also have to consider the flooring mater...
by ScaledWheel
Fri Oct 11, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Budget Review - First home purchase
Replies: 7
Views: 886

Re: Budget Review - First home purchase

Seems reasonable. I used to live in Minneapolis and have friends that took the same route as you: buy in a first-ring suburb for the good schools. It feels a little tight but things become much easier once the kids are in public schools (though sounds like that's 6+ years away at this point). Also a...
by ScaledWheel
Fri Oct 11, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home 100yrs +
Replies: 33
Views: 2322

Re: Purchasing an old home 100yrs +

I love old houses and think your price estimates are probably in the right ballpark, though I'm not familiar with NJ contractors. You can save a lot of money by doing things like demo-ing yourself, though of course be aware of the lead-related issues in old houses. Finding good contractors makes eve...
by ScaledWheel
Thu Oct 10, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6652

Re: Artificial Intelligence and the stock market

I work for a major Blue Chip Dow component company. They have hired some of the best minds available to tinker with ML and AI for them. I attend the in-house tech conferences all the time. Thus far, I can assure you, the AI stuff here is so far 100% bs and I am embarrassed for the "great minds" who...
by ScaledWheel
Thu Oct 10, 2019 8:02 am
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 36
Views: 3466

Re: Consumer Reports

CR is an amazing organization and I have deep respect for what they do, so I do spend the $50 (or maybe it's $40) for an annual digital subscription. Whether or not it's "worth" the price really depends on how much you buy and use their service.
by ScaledWheel
Thu Oct 10, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 9043

Re: Fidelity to $0 Commissions

Good news, and thank you I guess to the people that were leaving Fidelity so that I didn't have to do anything besides wait a week for free trades...and I guess wait much longer until I'm in a financial position to take good advantage of the free trades.
by ScaledWheel
Thu Oct 10, 2019 7:52 am
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6652

Re: Artificial Intelligence and the stock market

Time for me to put on my "crotchety old man" hat (I'm in my early 30's). When I started grad school, what is now being called AI was starting to be called machine learning (ML), and before that was called applied statistics. There is nothing magical about AI, unless we are actually talking about gen...
by ScaledWheel
Mon Oct 07, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell or hold [house]?
Replies: 31
Views: 2874

Re: Should I sell or hold [house]?

I would heavily consider selling when your current renter moves out just to simplify life and have one less thing to worry about.
WengerTodd wrote:
Mon Oct 07, 2019 6:57 am
Fort Lauderdale will always go up... always (even when it goes down, it'll eventually go back up).
This is true until it isn't.
by ScaledWheel
Mon Oct 07, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: Buying a house with in slab copper piping
Replies: 34
Views: 4054

Re: Buying a house with in slab copper piping

Wife and I bought a house with copper pipe in slab running to the radiators in the finished basement. We did not realize this at the time and they ended up leaking (or were leaking before we bought it). We rerouted through drop ceiling which saved money but still ended up being costly. I don't think...
by ScaledWheel
Mon Oct 07, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Controlling Discretionary Spending
Replies: 44
Views: 3115

Re: Controlling Discretionary Spending

Best of luck. I generally put things into my Amazon cart (almost all my shopping is done there) until I actually need something. I can then go through and "save for later" if it turns out I don't really need it. Weeks or months later I usually end up removing all these saved items.
by ScaledWheel
Fri Oct 04, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14125

Re: Willingly going from lucrative job to unemployed?

I shared the situation with my boss (with whom I have a decent informal relationship), quite literally starting with "I can't take it anymore", and he said to please wait about a month or two before having this conversation. He informally said that the company might be in the final stages of a M&A ...
by ScaledWheel
Fri Oct 04, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14125

Re: Willingly going from lucrative job to unemployed?

I empathize with you OP. I failed a FAANG interview from not studying enough. It was a research role, but the level of complexity of the questions took me by surprise. It was frustrating since I knew I could do the job I was applying for very well, but I learned an important lesson about tech interv...
by ScaledWheel
Thu Oct 03, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: relocating across country
Replies: 47
Views: 3366

Re: relocating across country

The relo package seems more than enough, though I know that trucking cars can be expensive, especially at that distance. Professional movers will pack and unpack things (closet to closet); I assume one is included in your package. Get rid of as much as possible. Moving is a great way to cull things ...
by ScaledWheel
Thu Oct 03, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8466

Re: Wedding Finances-Today

Got married in 2018 at approximately $200/person. Everything was planned ourselves, with the big expenses being food and drinks but the small things start adding up. Planning a wedding is a very individualized process so the only advice I would give is to definitely get a day-of coordinator. We didn...
by ScaledWheel
Mon Sep 30, 2019 10:22 pm
Forum: Personal Consumer Issues
Topic: Non stick pan preference?
Replies: 46
Views: 3565

Re: Non stick pan preference?

I'll second carbon steel pans. They are often used in restaurant kitchens are really a joy to cook on after properly seasoning. However, properly seasoning can be a pain, I would suggest doing it on an outdoor grill if at all possible, otherwise generates a lot of smoke. This being said, I still use...
by ScaledWheel
Fri Sep 27, 2019 8:51 am
Forum: Personal Investments
Topic: Which brokerages can display Personal Portfolio Performance?
Replies: 26
Views: 1787

Re: Which brokerages can display Personal Portfolio Performance?

I am switching over to Fidelity (due to the "one stop shop" thread). It seems like a good way to go, but their UI/UX is atrocious. Definitely needs a lot of work.
by ScaledWheel
Tue Sep 24, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3203

Re: How to value RSU during salary negotiation

Does the fact that the new position includes a 15% bonus versus the 7% in my current role change your thinking at all? If I wasn't able to keep the RSUs, but could negotiate a 10-15% salary increase, would that negate losing the RSUs? In my mind I would want a raise in moving roles, which to answer...
by ScaledWheel
Tue Sep 24, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How to value RSU during salary negotiation
Replies: 36
Views: 3203

Re: How to value RSU during salary negotiation

Two responses above I commented that this move would in fact be changing "tracks". I'm still trying to figure out why the bonus structure on each side differs so drastically, though. Do you know how they compare at your Megacorp? I don't like that you're changing your roles and dropping your RSU's....
by ScaledWheel
Tue Sep 24, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: Elite liberal art colleges or bigger selective universities?
Replies: 59
Views: 4632

Re: Elite liberal art colleges or bigger selective universities?

Just to put in my two cents: wanting to be a doctor now does not mean they will want to be a doctor in four years. I do like larger schools because there is more optionality in what you can study. Want to double major in Mandarin and Sociology? Sure. Dance and Chemical Engineering? Go ahead. "What h...
by ScaledWheel
Wed Sep 18, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: Can an 18 x 18 tile be cut to a smaller size?
Replies: 11
Views: 979

Re: Can an 18 x 18 tile be cut to a smaller size?

Kennedy wrote:
Wed Sep 18, 2019 12:04 pm
Yes, I suppose the better question is will the non-beveled, newly cut edge stand out once it's installed.
Most likely. Although a pain, it would look better to retile the shower, or incorporate a new design with different tiles in the area which was affected.
by ScaledWheel
Tue Sep 17, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 150378

Re: Fidelity as a one stop shop

I tried to synthesize the entire thread into a single blog post here: https://www.frugalprofessor.com/cash-management/. The overdraft setup is covered in the blog. I use the brokerage as my true checking account and the CMA as the ATM checking account. Consequently, direct deposits go to the broker...
by ScaledWheel
Tue Sep 17, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ready to Sell Investment Property - Considerations?
Replies: 7
Views: 675

Re: Ready to Sell Investment Property - Considerations?

Property: Paid: $150,000 in 2002 Anticipated Sales Price: $250,000, would require $15- 25,000 in repairs to get to market We've put about $25,000 in repairs into it since 2002. It may not be necessary to do the 15-25k repairs to get it sold. If it will be bought as an investment property, the new o...
by ScaledWheel
Tue Sep 17, 2019 10:59 am
Forum: US Chapters
Topic: Where Bogleheads Live
Replies: 31
Views: 5312

Re: Where Bogleheads Live

I read Bogleheads a lot, actually too much, but when I listen to anything it’s music, not podcasts. Usually when I’m listening to music I’m running and if I was listening to Bogleheads while running, well, that wouldn’t work. I did listen to the first podcast and really enjoyed it. I had trouble do...
by ScaledWheel
Thu Sep 05, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to collaborate on net worth/retirement goals?
Replies: 16
Views: 1905

Re: Best way to collaborate on net worth/retirement goals?

Wife and I are just starting to do this (married <1 year), but it seems to work for us. I am more inclined to be hand-on with finances, so I track accounts and generate a "report" each month that we sit down and go over. Report contains balances, net worth, savings rate, other indicators that we thi...
by ScaledWheel
Thu Aug 29, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 3931

Re: While there is a high school question - my daughter wants to graduate early

I would go for it, only issues would be social ones, but it's good to be different. However, I would highly suggest that she apply to a wider range of colleges and see what types of financial aid she can get. Attending college is as much about the social aspects as it is academic. There's a lot of g...
by ScaledWheel
Wed Aug 28, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1484

Re: Long distance property managemnt: fiscally responsible or headache?

Seems to be almost 50/50 here on whether or not we should get a property manager. I'm still leading towards not getting one, at least at first. Reasoning is because: I am currently the "property manager" of the one unit. It obviously is a lot easier since I live in the same house as the tenants but ...
by ScaledWheel
Tue Aug 27, 2019 11:59 pm
Forum: Personal Consumer Issues
Topic: Computer printer suggestions.
Replies: 25
Views: 1276

Re: Computer printer suggestions.

Former graduate student that had to mourn losing access to free departmental color printers. I ended up with a HP laser printer/scanner/all-in-one. I went with color because there are a lot of color figures in articles I read, but a high-capacity black toner cartridge could last you nearly up to an ...
by ScaledWheel
Tue Aug 27, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can an employee join back as a Consultant?
Replies: 14
Views: 1127

Re: Can an employee join back as a Consultant?

I had a similar situation where I could not work as an independent contractor until 12 months after I was done with W2. I got around this by forming an LLC so they weren't paying me, they were paying my company. And they were fine with that.
by ScaledWheel
Tue Aug 27, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1484

Re: Long distance property managemnt: fiscally responsible or headache?

My only hesitation is having 50% of your portfolio in this one property. I would definitely increase your non-real estate holdings in the 401k or otherwise very quickly as you indicate. I like real estate, but I am still a boglehead that leans toward diversity. Thank you for the feedback. I too am ...
by ScaledWheel
Tue Aug 27, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1484

Re: Long distance property managemnt: fiscally responsible or headache?

What is the return on equity? I assume it is maybe 8% without appreciation? If so, not a terrible investment assuming you have accounted for all expenses (repairs, damages, vacancy, etc). How much of your portfolio does this equity represent? How much do you have tied up into depreciation recapture...
by ScaledWheel
Tue Aug 27, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1484

Long distance property managemnt: fiscally responsible or headache?

My wife and I currently owner-occupy a duplex and rent out the larger unit. Wife accepted a job across the country and we're moving this fall. We will be renting out both units then, and the question is whether or not to long-distance manage the property. Why we would forgo a property manager: Saves...
by ScaledWheel
Mon Aug 26, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated quarterly taxes for newly-formed LLC
Replies: 8
Views: 504

Re: Estimated quarterly taxes for newly-formed LLC

yangtui wrote:
Mon Aug 26, 2019 6:46 pm
run through form 2210 to get your answer
At least the penalty will be very small, it appears.
by ScaledWheel
Mon Aug 26, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated quarterly taxes for newly-formed LLC
Replies: 8
Views: 504

Re: Estimated quarterly taxes for newly-formed LLC

If you have other withholding, say from a day job, and you satisfy a safe harbor based on the withholding, you won't have to pay estimated taxes. If you don't, you have to justify why your estimated taxes weren't in equal installments. If you are willing to lie about the timing of the income, that'...
by ScaledWheel
Mon Aug 26, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated quarterly taxes for newly-formed LLC
Replies: 8
Views: 504

Estimated quarterly taxes for newly-formed LLC

I formed a disregarded entity LLC this year to do some consulting work. First income was recorded in February, but I have not payed estimated quarterly taxes yet (my bad). I am trying to understand the potential penalties I am facing. Given that it is a new entity, how would the IRS know sans-audit ...
by ScaledWheel
Fri Aug 23, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Ally service has gone way down
Replies: 8
Views: 1236

Re: Ally service has gone way down

I haven't used Ally for a while so I don't have any perspective on a potential decline in customer service. The reason why I stick with Marcus (by GS) is that I can often talk to a real person on the phone in <one minute. It's rare that I need to actually do that, but it's a nice feature to have, ev...
by ScaledWheel
Tue Aug 20, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Which job to take: Advice requested
Replies: 9
Views: 829

Re: Which job to take: Advice requested

I would go with the shorter commute. It sounds like you or your wife is going to have a long commute, so might as well not change hers. This is personal preference for commuting, however. I had a job where I commuted 1-1.5 hours one way, depending on traffic. I could only do it for a few months befo...
by ScaledWheel
Tue Aug 20, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Realizing option value granted as part of compensation
Replies: 22
Views: 1209

Re: Realizing option value granted as part of compensation

Thank you to everyone for your input. For a little more context, the options and RSU make up about 30% of compensation (15% each), both with different vesting schedules. The cash compensation is fair bordering on generous, so the plan is to exercise the equity portion (especially RSUs) as an increas...
by ScaledWheel
Thu Aug 15, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Realizing option value granted as part of compensation
Replies: 22
Views: 1209

Re: Realizing option value granted as part of compensation

mak1277 wrote:
Thu Aug 15, 2019 12:51 pm
The nice thing about options is that they can end up being worth far more than the valuation model suggests. I had options granted at an employer once than ended up being worth more than 5x what the Black Scholes value was on day 1.
Well that would be nice. I hope I get that lucky!
by ScaledWheel
Thu Aug 15, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Realizing option value granted as part of compensation
Replies: 22
Views: 1209

Re: Realizing option value granted as part of compensation

Thanks for the feedback. Given the value is likely based on the B-S value, I'd assume there's room in there to inflate the value based on their parameterization, though maybe there are some accounting rules in place to prevent this. Though the options are a small-ish percentage of overall comp (just...
by ScaledWheel
Thu Aug 15, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Realizing option value granted as part of compensation
Replies: 22
Views: 1209

Realizing option value granted as part of compensation

I am trying to weigh the financial benefits of taking a new position at a different company. Currently my compensation is all salary/bonus, with the new role having salary/bonus + equity. It's with a Fortune 500 company and the equity comes in the form of yearly grants of RSU and options. RSUs are p...
by ScaledWheel
Thu Aug 15, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: October in Minnesota
Replies: 37
Views: 2270

Re: October in Minnesota

Depending on your level of mobility, I would spend as much time outside as possible (assuming it isn't raining). My favorite thing to do in Minneapolis is ride my bike around to where I need to go. We have one of the largest systems of connected bike trails in the country. Also agree that there are ...
by ScaledWheel
Sun Feb 11, 2018 5:49 pm
Forum: Personal Investments
Topic: Can I contribute to ROTH if I will be ineligible by end of year?
Replies: 3
Views: 523

Re: Can I contribute to ROTH if I will be ineligible by end of year?

Thanks, that was relatively simple. Yes I am aware of the couple contribution limit and we will (luckily) exceed that as well. I still have some contributions available to me for 2017 so I will count my already-made deductions toward 2017 and switch to a tIRA going forward. Are you aware that the li...
by ScaledWheel
Sun Feb 11, 2018 5:15 pm
Forum: Personal Investments
Topic: Can I contribute to ROTH if I will be ineligible by end of year?
Replies: 3
Views: 523

Can I contribute to ROTH if I will be ineligible by end of year?

My fiancé and I are getting married later this year. I am finishing up grad school while they are working and over the contribution income limit for a Roth IRA. Once we are married later this year, we will both be ineligible to contribute to a Roth IRA due to income. I am currently contributing to m...
by ScaledWheel
Mon Jan 22, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Rent (free at library) or buy books?
Replies: 50
Views: 4249

Re: Rent (free at library) or buy books?

I'm a bit surprised I'm in the apparent minority here. I pretty much exclusively buy and read physical copies of books. I like highlighting and taking notes in the margin, and frankly like having my own personal library that I can refer to. It can be a pain to move, but I'm still young (30) and don'...
by ScaledWheel
Sun Mar 17, 2013 9:21 am
Forum: Investing - Theory, News & General
Topic: Best books (textbooks) for theory
Replies: 18
Views: 2343

Re: Best books (textbooks) for theory

Sounds like the Ilmanen text is a good place to start, then I can start my way through the rest.

Stats and data analysis are part of my school curriculum, I'll skim over the Ruppert book and see how much overlap there is.