Search found 5843 matches

by market timer
Tue Jun 19, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Anyone FIRE with young kids - what did you do?
Replies: 8
Views: 1729

Re: Anyone FIRE with young kids - what did you do?

Our kids were both in middle-school when my wife and I retired. I told her we should make sure not to waste this opportunity. We could literally sell the house, buy a sailboat and homeschool the kids off the coast of China if we wanted. Not that we had to do anything that extreme, but we should at ...
by market timer
Sun Jun 10, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5737

Re: Need advice on 1st international vacation

I vote for Paris + day trips. With only 7-10 days, I'd rule out the Asia-Pacific region. It's not worth the flight time and jet lag. That leaves Europe or Central / South America. If you want nature, Costa Rica is a good choice. If you want history and museums, pick London or Paris. I'm partial to P...
by market timer
Sat Jun 02, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about RSUs and asset allocation
Replies: 12
Views: 934

Re: Thinking about RSUs and asset allocation

How well correlated are your RSUs with QQQ? One option is to hedge some of your holdings by selling QQQ. Personally, I think it can make sense to hedge RSUs depending on how confident you are that you'll vest.
by market timer
Thu May 31, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12435

Re: Have $3m at 33, "approach to career" advice needed

I'm going to guess affiliate marketing. I'm in a similar boat (if affiliate marketing is your niche). I will probably pivot to real estate once the well is totally dry. I've been reading this forum for more than a year and decided to register after reading your post. I'm in the same exact situation...
by market timer
Wed May 30, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12435

Re: Have $3m at 33, "approach to career" advice needed

I can't imagine anyone having that level of success at your age ever enjoying going to work for someone else making +/- 100k. There's a lot of soul crushing nonsense that goes on in the corporate world at that level. +1 On the other hand, if you have $3mn in the bank, it's easy to let the nonsense ...
by market timer
Tue May 29, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best retirement places for shy senior singles
Replies: 32
Views: 3894

Re: Best retirement places for shy senior singles

Ideally, near one's grandchildren.
by market timer
Tue May 29, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: 3 days in Boston with an 8 year old
Replies: 31
Views: 2133

Re: 3 days in Boston with an 8 year old

I visited Boston at a similar age and still remember:
-Red Sox game
-Whale watch
-Homeless person who kept interrupting our Freedom Trail tour to tell us the "real" story
by market timer
Tue May 29, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2470

Re: Cheap options for retirement?

Before going overseas, I'd run a scenario where you:
-get rid of your car(s)
-rent in a cheap college town
-qualify for health insurance subsidies

Should be able to get basic expenses for a couple down to $20K/year in that scenario.
by market timer
Tue May 29, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?
Replies: 92
Views: 5432

Re: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?

CnC wrote:
Tue May 29, 2018 10:16 am
Could you explain "cost of currency hedging" I'm American so I haven't ran into this issue before.
The term is interest rate parity: https://en.m.wikipedia.org/wiki/Interest_rate_parity
by market timer
Tue May 29, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?
Replies: 92
Views: 5432

Re: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?

CnC wrote:
Tue May 29, 2018 8:56 am
Are us treasury bonds not available in Europe?

I never understood why people would buy 0 or negative yield bonds when there were equally safe bonds for sale in the us with 10x the yield.
Because shopkeepers in Europe don't price things in dollars.
by market timer
Mon May 21, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1703

Re: Almost half of US families can't afford basics like rent and food

From the article: For instance, in Seattle's King County, the annual household survival budget for a family of four (including one infant and one preschooler) in 2016 was nearly $85,000. When I look at this in comparison to global poverty levels, I have to wonder what is out of balance. Is the purc...
by market timer
Mon May 21, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Almost half of US families can't afford basics like rent and food
Replies: 19
Views: 1703

Re: Almost half of US families can't afford basics like rent and food

From the article: For instance, in Seattle's King County, the annual household survival budget for a family of four (including one infant and one preschooler) in 2016 was nearly $85,000. When I look at this in comparison to global poverty levels, I have to wonder what is out of balance. Is the purch...
by market timer
Sun May 20, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24242

Re: Lucrative careers?

How much longer do people think the high pay in software engineering will continue? I guess the best indicator is the price of QQQ. Any good data on total compensation over the past 15-20 years? Curious exactly how big is the bubble.
by market timer
Sat May 12, 2018 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 24242

Re: Lucrative careers?

Of the careers you mentioned, I think medicine / nursing has good potential. Perhaps there are areas in the field that you'd find more interesting.

Many people have suggested computer science. I'd recommend this if you scored around 750 or higher on the math part of the SAT.
by market timer
Sun May 06, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8353

Re: What career for smartest kid in the class?

Generally, research is the career choice for the smartest people, if we are talking IQ (not EQ or other forms of intelligence). Some of the most lucrative careers mentioned--CEOs, investment bankers, and law firm partners--require a fairly high IQ but also high EQ. I think very high IQ people can ha...
by market timer
Wed May 02, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Help me get on top of some debt before college expenses arrive...
Replies: 50
Views: 2868

Re: Help me get on top of some debt before college expenses arrive...

An idea worth considering is to take your taxable investments and pay off all your debts, then take a multi-year sabbatical and start drawing from your retirement accounts using the Substantially Equal Periodic Payments method. This would allow you to qualify for Obamacare and heavily subsidized col...
by market timer
Mon Apr 30, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7620

Re: Money vs. Work-life balance

Yeah, I value time off highly too. I am sure everybody does. So, you think others don't value having time off as highly as you??? If you work for the government, say so. If you work for an university, say so. No need to be condescending. Sorry, if I'm not clear, it's because I don't want to list my...
by market timer
Mon Apr 30, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7620

Re: Money vs. Work-life balance

Two weeks of vacation would be a deal breaker for me. I've never had less than four in any salaried job. Lucky you! In which field? Two weeks of vacation would be a deal breaker for me. I've never had less than four in any salaried job. Which field/location is this? Where I'm at, we start with 10 d...
by market timer
Mon Apr 30, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Money vs. Work-life balance
Replies: 68
Views: 7620

Re: Money vs. Work-life balance

Two weeks of vacation would be a deal breaker for me. I've never had less than four in any salaried job.
by market timer
Mon Apr 30, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: 3 days in London - must dos?
Replies: 31
Views: 1980

Re: 3 days in London - must dos?

I just spent five days in London. Highlights of my trip: 1. Westminster Abbey tour 2. Riding the carousel on the Thames near the London Eye with my son at sunset 3. Having Sunday roast with an old friend in Notting Hill 4. Walking through the parks 5. Seeing my wife's face light up at some of the sh...
by market timer
Sun Apr 29, 2018 1:13 am
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 40
Views: 3848

Re: Family vacationing

Do you ever travel for work? DW and I usually have 4-6 international trips per year where we bring the kids and take extra vacation days. Helps keep the cost down, as accommodations, food, and flights are at least partially covered by our employers.
by market timer
Thu Apr 12, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13656

Re: Ivy school education. Is it worth it?

We'd probably all be better off -- likely almost as materially wealthy and a whole lot happier -- if more people at all levels and of all backgrounds kicked out for Volleyball at 2pm on some days. Seven years of ivy league training and nine years of work experience and I've had zero opportunities t...
by market timer
Thu Apr 12, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3573
Views: 1019277

Re: What Movie Have You Recently Watched?

Brad's Status

I, Tonya

Three Billboards

Shape of Water


All quite good.
by market timer
Sun Apr 08, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13656

Re: Ivy school education. Is it worth it?

TomatoTomahto wrote:
Sun Apr 08, 2018 6:04 pm
alpenglow wrote:
Sun Apr 08, 2018 5:52 pm
If I may ask, what does you son do for a living?
To quote his girlfriend: “he goes to work in a T-shirt and does math all day.”
I have the same gig. It's a great time to be a math-in-t-shirt guy.
by market timer
Sat Apr 07, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13656

Re: Ivy school education. Is it worth it?

So I am wondering where the payoff is for all this hard work. It seems to me the result is still a lot more hard work. In your example of the Stanford grad working in tech, the payoff comes fairly quickly. Someone who is, let's say, age 30, who started working in one of the big tech companies out o...
by market timer
Sat Apr 07, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 13656

Re: Ivy school education. Is it worth it?

Early career earnings is not the metric I'd use to evaluate a college. For better or worse, there is a class system in the US based largely on education. Many desirable jobs are off-limits for people who did not attend elite colleges or grad schools. Many desirable spouses are effectively off-limits...
by market timer
Fri Apr 06, 2018 12:29 am
Forum: Personal Consumer Issues
Topic: Any hardworkers here who half-a** at work?
Replies: 27
Views: 3807

Re: Any hardworkers here who half-a** at work?

When you say management lacks the drive or care, consider how important is your project. Managers have many projects competing for their time, and it is possible that your project is not viewed as likely to make a large difference relative to other projects. Simply doing your job well and hoping for...
by market timer
Thu Apr 05, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12857

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

Perhaps what he means is the absolute dollar value of fluctuations. High valuations + relatively high volatility = very high fluctuations in value.
by market timer
Tue Apr 03, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 11039

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

Many will read this article and think the couple is making all these sacrifices because of their goal to FIRE. If their behavior strikes you as bizarre, I think what you are seeing is largely explained by different cultural values--combination of traditional Chinese (living with parents), urban (no ...
by market timer
Mon Apr 02, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 7357

Re: Career Move: Please convince me why I should not work in tech

Have you applied to a tier 1 tech company and received an offer?
by market timer
Fri Mar 30, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4414

Re: When did you know your kids would go to college?

I'd have put the odds at close to 100% for my kids at birth. My four-year-old is explaining the digestive system to my one-year-old as I type this. Only real uncertainty in my mind is whether it will be an elite school or a flagship public.
by market timer
Thu Mar 22, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1434719

Re: U.S. stocks in freefall

thangngo wrote:
Thu Mar 22, 2018 4:28 pm
I know it.

You know it.

Everyone knows it.

Even Jon Snow knows it.

That nobody knows nothing.

:sharebeer
No, winter is coming.
by market timer
Tue Mar 20, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13019

Re: Can I Retire at 38?

Financially, you are set. Don't settle for a job you don't like.
by market timer
Thu Mar 15, 2018 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31896

Re: Those with high savings rate: why?

All of the above.

Plus, I might want to start my own business. Having money will let me hire people.
by market timer
Tue Mar 13, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Skin In The Game [new N. Taleb book]
Replies: 23
Views: 3942

Re: Skin In The Game

I was a fan of Taleb's previous books, but felt this one was a disappointment. Perhaps it is because I don't find ethics a particularly interesting subject.
by market timer
Thu Mar 08, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Is this a housing bubble?
Replies: 71
Views: 8806

Re: Is this a housing bubble?

Why would interest rates cause a decline in these markets? Buyers are making all cash offers. I would think their ability to afford the house has no relationship on interest rates. Interest rates are the opportunity cost of capital. Higher rates means higher cap rates and rental yields. There's als...
by market timer
Mon Mar 05, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: Is this a housing bubble?
Replies: 71
Views: 8806

Re: Is this a housing bubble?

Interestingly the chart argues that it will - still not back to its pre Crash high. Yet the tech industry is much stronger. I have underlined the words "Bay Area" in the above. Your hypothesis is of a fall in demand leading to lower prices. Suppose we changed that to "New York"? What would be your ...
by market timer
Mon Mar 05, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Is this a housing bubble?
Replies: 71
Views: 8806

Re: Is this a housing bubble?

I'm seeing a lot of stories lately about people moving from the Bay Area due to high house prices. If I had to bet, I'd guess house prices in the Bay Area won't keep up with inflation over the next 10 years. Here is the inflation-adjusted Case-Shiller house price index for San Francisco: https://fre...
by market timer
Sat Mar 03, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to short the equity market
Replies: 93
Views: 5376

Re: Best way to short the equity market

Check with your brokerage on the Roth. I have a Roth and am able to short futures in this account.
by market timer
Sat Mar 03, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 19605

Re: What was your % pay raise?

3% raise. Currently at a weird point in my career where my pay is good, better than I could get elsewhere, but I have no upside potential, and my pay doesn't really depend on my performance.
by market timer
Sat Mar 03, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3064
Views: 945468

Re: What Book Are You Currently Reading? Part VI

Have nearly finished Skin in the Game , by Nassim Taleb. I am a fan of his earlier works, but this one is a letdown. Maybe I'm too familiar with the material already, from earlier studies on contract theory and law & economics. The idea that there are agency problems is not that profound, and the ra...
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: 1633

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: 10431

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: 7499

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: 7499

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: 2501

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: 2501

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: 5660

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: 1172

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: 1172

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 ...