Search found 262 matches

by getRichSlower
Mon Jul 16, 2012 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is moving to Greece next year a good move or bad for me?
Replies: 28
Views: 3676

Re: Is moving to Greece next year a good move or bad for me?

[political/trolling comment deleted by admin alex - along with several equally off-topic replies]
by getRichSlower
Sun Jul 15, 2012 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Is elementary private school education worth the price?
Replies: 104
Views: 9839

Re: Elementary private school education a scam??

Though the distinction between non-religious private schools and religious private schools has been noted in some posts, most supporters of private schools really mean religious schools, by statistical requirement. I note this simply because roughly 90% of k-12 schools in the U.S. are public (that ...
by getRichSlower
Fri Jul 13, 2012 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this luxury car?
Replies: 133
Views: 12721

Re: Can I afford this luxury car?

$45k is not luxury, unless you consider Volkwagen and Honda as luxury brands (MSRP): 2012 Volkswagen Routan SEL Premium 4dr Minivan $44,280 2012 Honda Odyssey Touring Elite 4dr Minivan $43,825 You're right. $45k isn't luxury for a car, $500 isn't expensive for a suit, and $5k is the minimum it take...
by getRichSlower
Thu Jul 12, 2012 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is elementary private school education worth the price?
Replies: 104
Views: 9839

Re: Elementary private school education a scam??

Assuming a choice between private from k-12 and public k-12 at $15k/year tuition, a public school would need to earn about $23k/year(constant real dollars) extra after taxes in order to break even, assuming the time value of money reflects a 6% real rate of return after taxes. It's hard to see a typ...
by getRichSlower
Sun Jul 08, 2012 9:53 pm
Forum: Personal Consumer Issues
Topic: College or ...?
Replies: 71
Views: 5391

Re: College or ...?

I'm not sure what professions to which you are referring for which the diploma is only an entry ticket, where it is not important what the student has learned, but it definitely does not cover the engineering and science disciplines. Few can gain the knowledge without some structure. How many peopl...
by getRichSlower
Sun Jul 08, 2012 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 9707

Re: College Funding Strategies

I get how Harvard is attractive to undergrads - I just have to question what students ultimately want - if they are going to grad/professional school anyway, why not go to a less expensive undergrad option? Because Flagship State U isn''t really going to limit your options at all. "Flagship State U...
by getRichSlower
Thu Jul 05, 2012 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why everyone needs a BIG emergency fund - a personal story
Replies: 84
Views: 12527

Re: Why everyone needs a BIG emergency fund - a personal sto

It is NOT the same as other kinds of autism and does not mean that anyone with Asperger's would be expected to have major problems with the ability to comprehend sounds and words. You're wrong about this. Asperger's is a type of autism and autism by definition requires problems with receptive langu...
by getRichSlower
Thu Jul 05, 2012 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why everyone needs a BIG emergency fund - a personal story
Replies: 84
Views: 12527

Re: Why everyone needs a BIG emergency fund - a personal sto

Kellyfj -- In fact, when my husband first heard about Asperger's he looked around the engineering firm he worked at and realized most of the engineers had more than a few Asperger's symptoms! A couple of the guys were in fact severely impacted. A child neurologist in Seattle sometimes used to descr...
by getRichSlower
Thu Jul 05, 2012 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: recruiter asks for birth month and day and last 4 of SSN
Replies: 36
Views: 19883

Re: recruiter asks for birth month and day and last 4 of SSN

Paranoid? In this day and age? That the company you used to work for were idiots for doing what they did. Plain and simple. My credit union used to use the social security number followed by the number 0 to create the account numbers. Finally, last month they got rid of those numbers and issued gen...
by getRichSlower
Thu Jul 05, 2012 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why everyone needs a BIG emergency fund - a personal story
Replies: 84
Views: 12527

Re: Why everyone needs a BIG emergency fund - a personal sto

Have their been independent randomized control trials that support whatever the OP is spending $10k/year on provides a significant benefit according to some objective and measurable set of criteria? Good heavens! I hope you aren't suggesting that his son is not worth spending $10k a year on without...
by getRichSlower
Wed Jul 04, 2012 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: recruiter asks for birth month and day and last 4 of SSN
Replies: 36
Views: 19883

Re: recruiter asks for birth month and day and last 4 of SSN

I don't want my personal information out there with people who really don't have a need for it. They want it, but they don't need it. I think you're being paranoid. At a company I used to work for, they put our social security numbers on the front of our badges that we had to wear whenever in the o...
by getRichSlower
Wed Jul 04, 2012 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why everyone needs a BIG emergency fund - a personal story
Replies: 84
Views: 12527

Re: Why everyone needs a BIG emergency fund - a personal sto

Sorry if it seemed so insensitive. I'm in medicine and can discern what problems are serious types and which aren't. The GERD is not a problem that is going to prevent the child from living normal life going forward. If I felt bad for every small diagnosis a patient had I would have to quit medicin...
by getRichSlower
Sun Jul 01, 2012 9:11 pm
Forum: Investing - Theory, News & General
Topic: Are we certain there is an equity risk premium?
Replies: 54
Views: 6374

Re: Are we certain there is an equity risk premium?

You might be interested in some of Dr. Delong's writings at UC-Berkeley. I believe he argues there's no rational economic reason for the magnitude of the equity risk premium to continue to be as large as it has been historically.
by getRichSlower
Wed Jun 27, 2012 10:53 pm
Forum: Investing - Theory, News & General
Topic: Can a zero-return asset actually improve a portfolio?
Replies: 155
Views: 14163

Re: Can a zero-return asset actually improve a portfolio?

In my extreme example, the correlation is such that each goes up when the other goes down. The broader point, however, is that even if returns are a random walk there is a diversification return from rebalancing dependent on the volatility of assets and correlations. Presumably a good example of th...
by getRichSlower
Tue Jun 26, 2012 11:54 pm
Forum: Investing - Theory, News & General
Topic: Can a zero-return asset actually improve a portfolio?
Replies: 155
Views: 14163

Re: Can a zero-return asset actually improve a portfolio?

A simple example: Asset 1 alternately goes up by 100% and down by 40%. Geometric Mean of 9.5%. Asset 2 alternately goes up by 100% and down by 50%. Geometric Mean of 0%. They are perfectly uncorrelated. Geometric Mean of a 50/50 portfolio is 27.5%. Adding 50% of the zero return asset increases geom...
by getRichSlower
Mon Jun 25, 2012 8:42 pm
Forum: Investing - Theory, News & General
Topic: Do you regret saving too much?
Replies: 74
Views: 11556

Re: Do you regret saving too much?

...wishing you would have spent more money on doing things during your youth that you now are unable to do? Like what? Anything like 'take a year off to write a novel CAN be done after early retirement. Anything involving raging, you can do as a youth and save, you just can't do it every day. I rea...
by getRichSlower
Sun Jun 24, 2012 11:56 pm
Forum: Investing - Theory, News & General
Topic: Can a zero-return asset actually improve a portfolio?
Replies: 155
Views: 14163

Re: Can a zero-return asset actually improve a portfolio?

Ummm... Thinking here... suppose you have an asset with zero return but is volatile. So you have a horizontal sine wave. You can profit from buying low & selling high (ie using rebalancing bands). Now if the asset is steadily declining by some % a year, you can still make money buying low & selling...
by getRichSlower
Sun Jun 24, 2012 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging my career?
Replies: 22
Views: 2255

Re: Hedging my career?

I think the correlation between your job sector and your human capital is going to be less than one or at least the real situation is going to be complicated. Assume, someone works as a software developer for Microsoft. Hypothetically, if people switch to Linux in mass, then Microsoft may start losi...
by getRichSlower
Sun Jun 24, 2012 5:42 pm
Forum: Investing - Theory, News & General
Topic: Can a zero-return asset actually improve a portfolio?
Replies: 155
Views: 14163

Re: Can a zero-return asset actually improve a portfolio?

Ummm... Thinking here... suppose you have an asset with zero return but is volatile. So you have a horizontal sine wave. You can profit from buying low & selling high (ie using rebalancing bands). Now if the asset is steadily declining by some % a year, you can still make money buying low & selling...
by getRichSlower
Sun Jun 24, 2012 12:17 pm
Forum: Investing - Theory, News & General
Topic: Can a zero-return asset actually improve a portfolio?
Replies: 155
Views: 14163

Re: Can a zero-return asset actually improve a portfolio?

Ummm... Thinking here... suppose you have an asset with zero return but is volatile. So you have a horizontal sine wave. You can profit from buying low & selling high (ie using rebalancing bands). Now if the asset is steadily declining by some % a year, you can still make money buying low & selling...
by getRichSlower
Sat Jun 23, 2012 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue job switch from private to federal.
Replies: 53
Views: 5769

Re: Pursue job switch from private to federal.

It's difficult for anyone to answer this without knowing your current salary and benefits to know whether you would be getting a pay cut or a pay raise.
by getRichSlower
Wed Jun 20, 2012 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

You can tell from the median salary stats for Ivy league schools that most grads are simply earning upper middle class salaries and do not have jobs making millions in stock options. There are two limitations with your data: it excludes anyone with a college education past a bs/ba and it excludes e...
by getRichSlower
Mon Jun 18, 2012 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

If I'm reading it correctly, the second study gets the same results as the first regarding students who were accepted to A but enrolled in B. But then it also finds that merely applying to A eliminated the earnings differential for most people. Universities are full of people who work in a publish-...
by getRichSlower
Mon Jun 18, 2012 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

The recent update, linked below, does no such thing. In fact, it fully supports the past findings. Estimating the Return to College Selectivity over the Career Using Administrative Earning Data The basic idea of the first study was that top schools only admitted top students and that admissions com...
by getRichSlower
Mon Jun 18, 2012 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

The Krueger/Dale study is the only one I know of (I think they have an update) that tries to correct for the quality of the students entering a college. ... * The study is online. You can Google it and see the list of schools. I did that. Here is a NY Times review article about the Krueger-Dale upd...
by getRichSlower
Sun Jun 17, 2012 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

Agreed. They have done studies on outcomes of students who were accepted to Ivy League schools but went elsewhere, and on average , there was no benefit to being an Ivy graduate. I am sure there are frequent exceptions, and Ivy League grads still do better on average than the average State U grad. ...
by getRichSlower
Sun Jun 17, 2012 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

Agreed. They have done studies on outcomes of students who were accepted to Ivy League schools but went elsewhere, and on average , there was no benefit to being an Ivy graduate. I am sure there are frequent exceptions, and Ivy League grads still do better on average than the average State U grad. ...
by getRichSlower
Sat Jun 16, 2012 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 23536

Re: Ivy League Myths Uprooted

Agreed. They have done studies on outcomes of students who were accepted to Ivy League schools but went elsewhere, and on average , there was no benefit to being an Ivy graduate. I am sure there are frequent exceptions, and Ivy League grads still do better on average than the average State U grad. ...
by getRichSlower
Fri Jun 08, 2012 12:03 am
Forum: Personal Consumer Issues
Topic: Another reason why you should never reuse passwords...
Replies: 249
Views: 55778

Re: Another reason why you should never reuse passwords...

LadyGeek wrote:My favorite password generator: GRC's | Password Haystacks: How Well Hidden is Your Needle?  Just pick a pattern that you can remember, the rest will fall into place.
You're probably better off, picking a password that you can't remember, and then writing it down.
by getRichSlower
Thu Jun 07, 2012 8:54 pm
Forum: Personal Consumer Issues
Topic: MBA or MSE??
Replies: 21
Views: 3416

Re: MBA or MSE??

On the MSEE I would say 'why not'? If you have a technical career it is essential. If you can do the MSEE, while working full time and your employer will pay for it, there's no reason not to get a MSEE. However, I definitely disagree with the statement that it is essential to have a MS to remain te...
by getRichSlower
Wed Jun 06, 2012 6:14 pm
Forum: Personal Consumer Issues
Topic: MBA or MSE??
Replies: 21
Views: 3416

Re: MBA or MSE??

I can't speak to the value of an MBA, but I believe a MSEE is generally a useless degree, unless your grad school is higher ranked than your undergrad. Otherwise, I don't think it opens up any doors in terms of job opportunities. It's probably a financial wash at best after the opportunity cost. At ...
by getRichSlower
Wed May 30, 2012 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Career Change from Engineering to Finance
Replies: 40
Views: 7106

Re: Advice Needed: Career Change from Engineering to Finance

When I have looked at the salaries on line, they have been low. Are you considering bonuses and stock options? That is easily another $50k a year. From my observations, a PhD provides no advantage after 15+ years of experience. A BSEE can close the gap with a PhD in 10-15 years. BTW, I have seen a ...
by getRichSlower
Wed May 30, 2012 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Career Change from Engineering to Finance
Replies: 40
Views: 7106

Re: Advice Needed: Career Change from Engineering to Finance

I would say in an average cost of living part of the country, electrical engineering tops out at $150-200k for an individual contributor. Outside of the West Coast and the northeast, $150k is probably out of reach for any individual contributor without a Phd. Of course, you could claim that those a...
by getRichSlower
Wed May 30, 2012 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Career Change from Engineering to Finance
Replies: 40
Views: 7106

Re: Advice Needed: Career Change from Engineering to Finance

I would say in an average cost of living part of the country, electrical engineering tops out at $150-200k for an individual contributor. Outside of the West Coast and the northeast, $150k is probably out of reach for any individual contributor without a Phd. Of course, you could claim that those a...
by getRichSlower
Wed May 30, 2012 12:41 am
Forum: Investing - Theory, News & General
Topic: What's your international stock allocation?
Replies: 39
Views: 3818

Re: What's your international stock allocation?

And in practical terms, you're talking about a tiny percent of net worth here ... assuming you accept my rough math from the previous post for the sake of argument, if 10% of one's net worth is exposed to ex-US currencies for the average person with 50/50 US/Intl portfolios, ~20% of that 10% is in ...
by getRichSlower
Tue May 29, 2012 8:52 pm
Forum: Investing - Theory, News & General
Topic: The Facebook Fallacy
Replies: 102
Views: 9281

Re: The Facebook Fallacy

This is easily a business segment worth a few billion a year in revenue when it matures. Whether or not they will actually do this remains to be seen, but it IS a viable model. To justify their initial valuation, facebook needs to get about as big as Google is now or probably forty billion a year i...
by getRichSlower
Sun May 27, 2012 2:22 pm
Forum: Investing - Theory, News & General
Topic: What would a Greek boglehead do?
Replies: 73
Views: 5873

Re: What would a Greek boglehead do?

As for paranoid ... were Argentinians paranoid to be wary of their banks and currency, before they had foreign-denominated funds force-converted back into home-currency assets? Gold in the backyard - particularly scrap gold, easily pawned off or traded without arousing suspicions - has served those...
by getRichSlower
Sun May 27, 2012 2:07 am
Forum: Investing - Help with Personal Investments
Topic: New to investing, first job, what next?
Replies: 27
Views: 2126

Re: New to investing, first job, what next?

Do you mind saying what you do that allows you to make $100k on your first job(perhaps a hedge fund)?
by getRichSlower
Sun May 27, 2012 1:53 am
Forum: Personal Consumer Issues
Topic: legal issues with installing work software on home computer
Replies: 59
Views: 4204

Re: legal issues with installing work software on home compu

And if you answered "yes, but only from my company provided laptop" to this question, there's no guarantee that the lawyers won't still ask for all of the computers in your home. Since the laptop has USB ports and other methods of transferring data, there is nothing to stop the lawyers from arguing...
by getRichSlower
Fri May 25, 2012 9:12 pm
Forum: Personal Consumer Issues
Topic: legal issues with installing work software on home computer
Replies: 59
Views: 4204

Re: legal issues with installing work software on home compu

If company IT allows you to access the corporate networks from a personal computer, either they don't give a damn about security anyway or else they're completely incompetent. As I outlined in my post above, my company allowed me to access their corporate network from home and that company is one o...
by getRichSlower
Fri May 25, 2012 8:43 pm
Forum: Personal Consumer Issues
Topic: legal issues with installing work software on home computer
Replies: 59
Views: 4204

Re: legal issues with installing work software on home compu

Since it's their network you're connecting to, I'd tell that's you've not a snowballs chance in hell of getting them to change the policy. To many threats to corporate networks come from home PC's and personal devices. These software RSA have to be there to protect the corporate assets. They don't ...
by getRichSlower
Fri May 25, 2012 8:34 pm
Forum: Personal Consumer Issues
Topic: legal issues with installing work software on home computer
Replies: 59
Views: 4204

Re: legal issues with installing work software on home compu

I would not install any work related software on my personal devices. I would not do any work related work on my personal devices. So I would tell my company to provide me with a laptop so I could work from home when needed using their computer... Advice just doesn't get any better than that. Want ...
by getRichSlower
Fri May 25, 2012 7:33 pm
Forum: Investing - Theory, News & General
Topic: What would a Greek boglehead do?
Replies: 73
Views: 5873

Re: What would a Greek boglehead do?

But what about currency? Well, if you strip away the issue of divergent national-market equity returns, perhaps you are also then in some form ensuring you won't underperform the average currency, too (with caveats, of course, because currency != market cap). Of course, there are concentration risk...
by getRichSlower
Thu May 24, 2012 11:29 pm
Forum: Investing - Theory, News & General
Topic: Battle-Royale: Rent-Generating Investments vs. Stock Market
Replies: 57
Views: 5444

Re: Battle-Royale: Rent-Generating Investments vs. Stock Mar

Given that most of the 1 bed condos in the Adams Morgan neighborhood seem to be going for $250k or more on Zillow, a price of 3.3 million for 37 2-bedroom condos seems incredibly low as a purchase price.
by getRichSlower
Thu May 24, 2012 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: asset protection for doctors
Replies: 51
Views: 5695

Re: asset protection for doctors

This is some scarry crap. Are you saying that my solo 401k with just my wife and I who elected to participate is not exempt under erisa in nys?? I so can't wait to get out of medicine in 7 years (or less!) Why get up and go to work everyday when some dirtbag can swipe it from you for an innocent mi...
by getRichSlower
Wed May 23, 2012 7:42 pm
Forum: Investing - Theory, News & General
Topic: Facebook and efficient market
Replies: 39
Views: 3209

Re: Facebook and efficient market

It's a growth stock which is a stock valued on expectations of earnings growth. Of course you can't see the valuation using methods that don't take into the account the expectation of growth. No one knows how to precisely measure the value of the personal data and loyalty of one billion users plus ...
by getRichSlower
Tue May 22, 2012 9:44 pm
Forum: Personal Consumer Issues
Topic: Could you realistically make more after-taxes abroad?
Replies: 42
Views: 4704

Re: Would you make more after-taxes abroad?

Also, in the US, due to lack of universal healthcare, many can't afford various procedures - do you count this as infinite wait time or zero? Many reports count it as zero. For our purposes on bogleheads, it should be counted as zero. Discussing US health care policy in general is probably against ...
by getRichSlower
Sun May 20, 2012 4:50 pm
Forum: Personal Consumer Issues
Topic: Could you realistically make more after-taxes abroad?
Replies: 42
Views: 4704

Re: Could you realistically make more after-taxes abroad?

Probably. In Afghanistan, it's not that uncommon for contractors to pull in $150k.
Of course, you have to work 80 hour weeks, live in basically military barracks, and your vehicle can run over an IED when traveling between job sites.
by getRichSlower
Sun May 20, 2012 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Liberal arts degrees said to be in demand
Replies: 48
Views: 4195

Re: Liberal arts degrees said to be in demand

When people say there are no jobs for philosophy majors, usually they
mean philosophy majors who don't get a grad degree in a different field.
by getRichSlower
Sat May 19, 2012 4:59 pm
Forum: Personal Consumer Issues
Topic: How is it possible to save and get out of debt?
Replies: 83
Views: 7057

Re: How is it possible to save and get out of debt?

If you have a decent sized emergency fund, and aren't living paycheck to paycheck, saving 10% of your paycheck, go ahead and buy the sports car. If you are doing those things, you are ALREADY ahead of 95+% of people in your age group. There's no point in hoarding every nickel if you're scrimping to...