Search found 5802 matches

by market timer
Tue Feb 20, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: job application that ask for salary requirement
Replies: 15
Views: 1389

Re: job application that ask for salary requirement

I answer honestly to make sure we're not wasting each other's time. I don't benchmark my salary to anyone except what I'm currently making, since I don't think there is a benchmark for my skill set.
by market timer
Sun Feb 18, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 8978

Re: Do you wear a wedding band? [at a job interview]

Looks like a wedding band is considered a positive signal for men during job interviews but potentially negative for women: https://pdfs.semanticscholar.org/0a30/9aeeda97d0ee6e56f78d439dbf0f893c9d53.pdf From the article: For men, on the other hand, singleness may have multiple disadvantages in the w...
by market timer
Sat Feb 17, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6435

Re: How to get child's skin in the game for college?

Around 20 years ago, my parents told me that they'd give me $8000/year for four years of college. The rest was up to me. I'll probably do something similar for my kids. Adjusted for inflation, no? Otherwise $32k might buy them 1/2 a semesters payment if your lucky. Yeah, $8K would be a bit low in 1...
by market timer
Fri Feb 16, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6435

Re: How to get child's skin in the game for college?

Around 20 years ago, my parents told me that they'd give me $8000/year for four years of college. The rest was up to me. I'll probably do something similar for my kids.
by market timer
Thu Feb 15, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: How Inflation Works (NYT)
Replies: 21
Views: 2165

Re: How Inflation Works (NYT)

I'd also add that economists are divided on how the Fed should respond to an uptick in inflation. Some would argue for higher interest rates, which tends to deflate asset prices and reduce aggregate demand. Others argue that higher interest rates will actually cause higher inflation. In other words...
by market timer
Thu Feb 15, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: How Inflation Works (NYT)
Replies: 21
Views: 2165

Re: How Inflation Works (NYT)

While this is a decent intro on short run inflation dynamics, the article ignores the key drivers of the long run inflation rate and expectations: monetary and fiscal policy. When you run large deficits, you should expect inflation. People are concerned about inflation now for several reasons: (1) u...
by market timer
Tue Feb 13, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Living abroad. Retirement savings options?
Replies: 45
Views: 5063

Re: Living abroad. Retirement savings options?

Sorry for resurrecting the thread but I have a question. I must have taxable income that is not foreign earned to contribute to a Roth IRA. What if I start a small independent business in the US selling art, or honey, or services etc., and within a tax year I could prove that that company took in $...
by market timer
Tue Feb 13, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Expat tax question: How to be eligible for MFJ with non-resident spouse?
Replies: 14
Views: 883

Re: Expat tax question: How to be eligible for MFJ with non-resident spouse?

Thanks, all. Looks like the rules are fairly clear on determining residency status: https://www.irs.gov/individuals/international-taxpayers/determining-alien-tax-status I don't see any options other than green card or physical presence. I'm going to see about filing an amended return to switch from ...
by market timer
Mon Feb 12, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Expat tax question: How to be eligible for MFJ with non-resident spouse?
Replies: 14
Views: 883

Re: Expat tax question: How to be eligible for MFJ with non-resident spouse?

Firstly, you are not eligible to file as Head of Household if you are married. You can file as HoH with a non-resident alien spouse. I paid $7400 to a CPA over a couple years to learn all about this. Getting tax advice is not cheap. If your wife is a non-resident alien and you live abroad, you can ...
by market timer
Mon Feb 12, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Expat tax question: How to be eligible for MFJ with non-resident spouse?
Replies: 14
Views: 883

Expat tax question: How to be eligible for MFJ with non-resident spouse?

Based on the US tax reforms, I'd like to be able to file MFJ with my wife, who is a non-resident alien. Currently, I file as HoH. However, we revoked the option that she would be treated as a resident for tax purposes last year. This was largely motivated by paperwork reduction, but now this decisio...
by market timer
Sat Feb 10, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6620

Re: Day trading for a living/career?

Yes, I know lots of people who trade for a living. Most of them work on investment banking trading desks or in hedge funds. I also know some people who day trade their personal accounts for a living, but they're better called retired hobbyists, and are not relying on trading profits to pay for their...
by market timer
Fri Feb 09, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: Good John Cochrane "Grumpy Economist" post - "Stock Gyrations"
Replies: 3
Views: 612

Re: Good John Cochrane "Grumpy Economist" post - "Stock Gyrations"

Thanks for the recommendation. This is in line with my read on the market action as well. I posted some thoughts in a different thread, and reposted here: Cochrane focuses on the real interest rate as leading the selloff; however, I'd also note that the nominal rate is important as well. Economists ...
by market timer
Fri Feb 09, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX Cause of Further Selling?
Replies: 15
Views: 1522

Re: Inverse VIX Cause of Further Selling?

My guess is this selloff is primarily due to higher discount rates, as John Cochrane explains here: https://johnhcochrane.blogspot.com/2018/02/stock-gyrations.html Cochrane focuses on the real interest rate as leading the selloff; however, I'd also note that the nominal rate is important as well. Ec...
by market timer
Fri Feb 09, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 5701

Re: Still waiting to invest?

minimalistmarc wrote:
Fri Feb 09, 2018 10:38 am
Then why are you interested in stocks at all?
Studied financial markets in grad school and had a career on Wall Street. Once you spend all day staring at a Bloomberg screen for years, it is hard to kick the habit of checking the market regularly.
by market timer
Fri Feb 09, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 5701

Re: Still waiting to invest?

With 0% equities, I have plenty of dry powder, but have not yet used any of it. Stocks are simply not attractively priced, and this could get much uglier. I expect rising rates and Fed balance sheet normalization will be a headwind for the medium term, and deficits/inflation to be a headwind in the...
by market timer
Thu Feb 08, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 5701

Re: Still waiting to invest?

With 0% equities, I have plenty of dry powder, but have not yet used any of it. Stocks are simply not attractively priced, and this could get much uglier. I expect rising rates and Fed balance sheet normalization will be a headwind for the medium term, and deficits/inflation to be a headwind in the ...
by market timer
Wed Feb 07, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4847

Re: Leaving HCOL state for financial reasons

Working in a HCOL city like SF or NYC is great for a first job, but it isn't compatible with the life I'd want with a family. At least, not at a price point that I could afford. An ideal life for me, age 35-55 let's say, is working 30-40 hours per week, having six weeks vacation, walking to work, at...
by market timer
Sat Feb 03, 2018 6:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5598
Views: 1264280

Re: U.S. stocks in freefall

Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs." Now that the market has retreated a little, will you now feel better about buying into it? No, I'm still on the sidelines. If this becomes a 15-20% correction, and VIX goes to 30+, I'l...
by market timer
Wed Jan 31, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Why do many bogleheads feel they can time the housing market but can't time the stock market?
Replies: 63
Views: 4601

Re: Why do many bogleheads feel they can time the housing market but can't time the stock market?

The housing market is less efficient than the stock market: high transaction costs, inability for people to short, various distortions that favor owners vs. renters, etc. Consequently, inefficiencies are not easily "arbitraged away" like they are in the stock market. This leads to factors such as mo...
by market timer
Tue Jan 30, 2018 12:28 am
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 3898

Re: what do/did you do with your evenings with a Toddler in winters ?

When we are indoors, which is most of the weekend, typically my wife and I are on separate laptops, our son has his iPad, and our daughter is looking over his shoulder trying to tap the screen. It's really amazing how kids are attracted to the iPad, like moths to a flame. We try to limit the screen ...
by market timer
Sun Jan 28, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 8186

Re: How much have kids added to your personal finance/expenses?

For us, per kid, per year: Private school tuition or nanny: $12K After school care: $4K Food: $4K Health care: $1K Other stuff: $2K Additional rent: $5K Flight tickets: $4K Total: $32K This doesn't even include college savings, which I don't keep separate from my retirement funds. I estimate college...
by market timer
Sun Jan 28, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2850
Views: 894195

Re: What Book Are You Currently Reading? Part VI

12 Rules for Life: An Antidote to Chaos , by Jordan Peterson Seeing a lot of articles written about this guy and this book, so have to give it a try. Only into chapter 2, but I like where it is going with the combination of biological basis of behavior, evolutionary psychology, game theory, and pra...
by market timer
Sat Jan 27, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: Is it likely we return to historical real bond yields?
Replies: 17
Views: 1807

Re: Is it likely we return to historical real bond yields?

Until we have another major destruction of capital of the type associated with a major war or revolution (which would sweep aside more than just the current social-capitalist regime in the USA or any one country) that's likely to be the trend. I'm not sure it will take war or revolution to get back...
by market timer
Sat Jan 27, 2018 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Cash heavy portfolio
Replies: 28
Views: 2540

Re: Cash heavy portfolio

Sounds like you've won the game and the only thing that can derail your plans is losing what you have. My situation is similar, and I'm also cash heavy. The past year was annoying from the perspective of missing out on the rally, but I try to keep in mind that this is not a game where I'm trying to ...
by market timer
Mon Jan 22, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of living comparison (HCOL vs LCOL)
Replies: 85
Views: 5948

Re: Cost of living comparison (HCOL vs LCOL)

You should only apply cost of living calculators to your expenses, not your income. For shelter costs, I would use rents to have an apples-to-apples comparison, rather than estimating owner-occupied expenses, which require you to make some assumptions about appreciation and opportunity costs of inve...
by market timer
Sat Jan 20, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's your annual cost of living (expenses)?
Replies: 40
Views: 3293

Re: What's your annual cost of living (expenses)?

Married
Two young kids
MCOL

Spend somewhere around $100K/year.

Our budget has a tilt to vacations and food, and away from shelter and transportation.
by market timer
Sat Jan 13, 2018 3:51 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12888

Re: Post your Financial Milestone Announcements Here

I wonder what Market Timer is up to these days. He and I were experimenting with (dying from??) leverage on the way down in 2008 and are near the same age as far as I can tell. Interesting to see his change in philosophy over time when it comes to money, work, spending the portfolio etc. Sounds lik...
by market timer
Fri Jan 12, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12393

Re: Is it time for me to "call in rich"?

Sounds like you are mostly retiring away from a 28-year-old boss and not to pursue anything in particular. I also tried an early retirement and was pretty bored after about six months. You say you could easily get another job in another part of the world. Personally, I would try that if I were you. ...
by market timer
Mon Jan 01, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3350
Views: 962983

Re: What Movie Have You Recently Watched?

AlphaGo on Netflix Documentary on the recent match between Google DeepMind's AlphaGo program and Go World Champion Lee Sedol, in which a computer program finally surpassed human ability in this complex game. It's a fascinating topic and well done film. I get the feeling like humans will increasingl...
by market timer
Mon Jan 01, 2018 6:35 am
Forum: Personal Consumer Issues
Topic: Your travel tips for Vienna and Budapest?
Replies: 23
Views: 1218

Re: Your travel tips for Vienna and Budapest?

Personally, I'm a big fan of cathedrals, so enjoy St. Stephen's whenever in Vienna. If you are looking to stroll around and be immersed by the city, that is a good place to do so. In Budapest, the Chain Bridge / Parliament / Buda Castle area is really impressive at night with the lights. I'd recomme...
by market timer
Sun Dec 24, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3350
Views: 962983

Re: What Movie Have You Recently Watched?

Finally have HBO, so I'm getting caught up on some series I'd missed:
Westworld
Silicon Valley
Bored to Death
Band of Brothers
by market timer
Sun Dec 24, 2017 1:49 am
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7512

Re: Saving for the crash

One of the economics metrics I like to check periodically is household net worth to disposable income. Currently, this metric sits at an all-time high of 673%. While this doesn't mean a crash is right around the corner, it suggests some frothiness in asset prices, and perhaps signals that now is a p...
by market timer
Fri Dec 22, 2017 9:30 pm
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7512

Re: Saving for the crash

Do your investment principles align at all with Bogleheads? It seems to me on the major point of picking an asset allocation and staying the course, you consistently seem to... well... time the market, market timer. If you take a snapshot at just about any moment of my life, I could tell a story ab...
by market timer
Fri Dec 22, 2017 7:25 am
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7512

Re: Saving for the crash

I like holding cash right now. Short term rates are almost surely heading higher. Bonds and stocks are expensive. Let's check back in a year.
by market timer
Mon Dec 18, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 17329

Re: Save all this money, what do you splurge on?

The biggest luxury: Not stressing about work. If I'm laid off tomorrow, that's fine with me. I can live on 4% SWR and don't need to be a sycophant to survive. I splurge on integrity and saying no to pointless projects. This has cost me massively in career advancement. The next biggest luxury: Childr...
by market timer
Sat Dec 16, 2017 10:47 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 9367

Re: How much do you spend on food per month, per person?

DW and I both work and don't cook. We don't even have a proper kitchen, just a microwave and toaster.

Daily estimates
Toast/cereal + coffee: $2.50/pp
Lunch: $10/pp (restaurant)
Afternoon coffee: $2.50/pp
Dinner + beer/wine: $25/pp (delivery)

Total: $1200/pp per month

I would like to cut this down.
by market timer
Wed Dec 13, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: NYC restaurant suggestion
Replies: 43
Views: 2630

Re: NYC restaurant suggestion

The Koreatown suggestion is good. They also have private karaoke rooms, if you want to try that. One of my most frequented restaurants in NYC was Petite Abeille. They often have live music and half-off beer specials. I'd recommend the mussels and Belgian beer, followed by a pub crawl in the East Vil...
by market timer
Tue Dec 12, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17145

Re: What to do after losing $117k in stock market?

Ten years ago, I lost $210K while still in school (student loans and credit cards). My suggestion would be to contribute to tax advantaged accounts up to the limit, then put the rest toward student loans. It is nice feeling to see declining loan balances. It provides a sense of accomplishment that ...
by market timer
Tue Dec 12, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17145

Re: What to do after losing $117k in stock market?

Ten years ago, I lost $210K while still in school (student loans and credit cards). My suggestion would be to contribute to tax advantaged accounts up to the limit, then put the rest toward student loans. It is nice feeling to see declining loan balances. It provides a sense of accomplishment that c...
by market timer
Mon Dec 11, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 11706

Re: 2018 financial goals - what are yours?

Not expecting to make any major financial moves in 2018. Will just keep adding to my growing cash balance, hopefully earning a slightly higher interest rate than I did in 2017, after the Fed hikes a few times. Might start to think seriously about buying a proper house for my growing family, rather t...
by market timer
Fri Dec 08, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3350
Views: 962983

Re: What Movie Have You Recently Watched?

The Killing of a Sacred Deer Bizarre psychological thriller and modern retelling of the myth of Iphigenia, where a father must decide which of his two kids or wife must be sacrificed to atone for his mistakes. This film is similar in style (notably awkward, emotionless dialogue) as The Lobster , wh...
by market timer
Sun Dec 03, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6184

Re: It's that time of year again... buying christmas gifts

DW and I aren't really into gift giving. This is a big change from my childhood, where Christmas was a big deal. I spend tens of thousands a year on private school tuition and family vacations, but don't spend more than $50 for Christmas or birthdays. Don't feel like my kids are missing out on anyth...
by market timer
Sun Dec 03, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3350
Views: 962983

Re: What Movie Have You Recently Watched?

Columbus Art house film about a middle-aged Korean man who is stuck in Columbus, Indiana, waiting for his architect father to pass away in the hospital (as expected by Korean tradition). He was never interested in his father's work, but befriends a local girl with a passion for architecture due to ...
by market timer
Sat Dec 02, 2017 11:45 pm
Forum: Investing - Theory, News & General
Topic: What did you do right?
Replies: 96
Views: 10012

Re: What did you do right?

My best results have come from pursuing an individual interest, rather than trying to follow the herd. Typically, whatever group you are in has a certain well-defined hierarchy of achievement. If you are in school, it might be getting a job offer with a certain employer; if you are working, maybe it...
by market timer
Fri Nov 17, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 9552

Re: Has used furniture dropped in value dramatically?

You might want to try offering these items for free on Craigslist, rather than pay someone $500 to pick it up for you. I've had success in the past giving away furniture in this way--there is a big difference in demand between even $10 and free. The people who picked up free furniture seemed genuine...
by market timer
Thu Nov 16, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 5437

Re: Fair way to split expenses?

DW and I have been together almost 20 years with separate finances. I prefer to be able to control how I spend my income without consulting my wife. We have very different values (I much prefer a good meal and travel, she's more into fashion). Having separate finances means we don't judge each other...
by market timer
Tue Nov 14, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 5874

Re: Keurig died...what now?

We switched to Nespresso from brewed coffee sometime in the past year. I'm happy with the machine and now prefer drinking espressos before work, rather than coffee.
by market timer
Sat Nov 11, 2017 10:14 pm
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 2138

Re: Unnecessary Corporate Meetings

I think a large part of the reason for having meetings is to set a deadline for someone doing a project, and motivate good performance by having an audience who can criticize shoddy work.
by market timer
Sat Nov 11, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 213
Views: 20824

Re: Why NOT make more money?

Also, I'm now able to disappear for weeks at a time. My family is embarking on a three-week Spanish immersion adventure starting this Sunday. I wouldn't be able to do so if I were focused on making more money. This is the main freedom I miss by having a job. In my ideal world, I'd have summers off ...