Search found 5860 matches

by market timer
Tue Jul 17, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 26
Views: 1615

Re: Buy a vacation home while renting

One weekend per month doesn't seem worth the hassle of ownership. I'd just stay at a resort. It almost sounds like you're looking for a way to recategorize part of your travel budget as "investment," as an accounting trick to keep your perceived expenses low. I'd just bump up the travel budget by an...
by market timer
Tue Jul 17, 2018 6:17 am
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 138
Views: 8592

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

The best thing I've read on the subject is a book with a very misleading title: Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street , by William Poundstone. Another description is in Wikipedia, Kelly criterion Agreed, this is a great book. An a...
by market timer
Mon Jul 16, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 138
Views: 8592

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

The reason I'm also asking is I'm trying to not make a big financial mistake because there is a product at the moment in my country that is basically a mortgage for index funds. 10 to 15 year loans with LVR 70% and regular P & I repayments to gradually pay it off. No margin calls. The thing stoppin...
by market timer
Mon Jul 16, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in oil?
Replies: 13
Views: 865

Re: Investing in oil?

Unless there is a big change in how power is generated, I expect oil to represent about 15% of my consumption basket (directly or indirectly), and an even larger share of the price volatility of this basket. Therefore, I invest in long term oil futures to preserve purchasing power. This is not a spe...
by market timer
Sun Jul 15, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 138
Views: 8592

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

This question tends to get asked when P/E ratios are stretched and risk premiums are low. That alone should give you some pause. As others have noted, margin calls are the biggest difference. But those can be avoided if you maintain relatively low leverage and have cash inflows. For new investors wi...
by market timer
Sun Jul 15, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Abundance came late, now I'm overwhelmed playing catch up
Replies: 26
Views: 4331

Re: Abundance came late, now I'm overwhelmed playing catch up

With no desire to leave an inheritance and low risk tolerance, you sound like the perfect candidate for an annuity.
by market timer
Thu Jul 12, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 3519

Re: Compensation

Thanks for the info and website links. I work on the hardware side in semiconductor industry. My total comp is about 200-210k. About 25k is bonus, 15k is cash incentives that vest yearly, and some 401k matching. About 6 years experience with PhD, Applied Physics from top school. Interesting enough,...
by market timer
Sun Jul 08, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5596

Re: Girls and investing

I have a son and a daughter. They are very different. I remember buying a soccer ball for my son when he was 2 and looking forward to playing kick in the backyard. To this day, he never wants to play soccer with me. However, I just spent the afternoon kicking that soccer ball around with my daughter...
by market timer
Sun Jul 08, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: Ireland trip
Replies: 20
Views: 1490

Re: Ireland trip

I recently did two weeks in Ireland with my family. Rented a car a did a loop around the island following the Rick Steves recommendations on YouTube. For us, the highlight was probably the four days we spent in Kenmare at Sheen Falls Lodge. Very scenic location with remarkable food in town.
by market timer
Sun Jul 08, 2018 5:26 am
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 8926

Re: What time do you get up in the morning?

M-F: Sleep 11:30-7:30
Weekends: Sleep 11-8:30

Long, restful sleep facilitated by 0.5mg of klonopin before bedtime, a mid-day workout, 20 minutes in the sauna, and a nanny who wakes up with the kids.
by market timer
Wed Jul 04, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 2858

Re: Tech tilt as hedge against rising cost of living in Bay Area

Yes, inflation in the Bay Area seems to be higher than the US overall when tech is doing well, roughly up to 3%/year more in the boom times:

Image
by market timer
Tue Jun 26, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10352

Re: Lost out on promotion

Promotions happens for all sorts of reasons, but usually not merit. Suggest you read The Gervais Principle by Vankatash Rao on the organization of work. He groups workers in three categories: sociopaths, clueless, and losers. I'm a loser or sociopath, depending on who you ask (my boss or reports).
by market timer
Sun Jun 24, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3128
Views: 955690

Re: What Book Are You Currently Reading? Part VI

jebmke wrote:
Sun Jun 24, 2018 10:34 am
This is on my list. Media seems to focus a lot on Holmes and not much on the Board of Directors. Are the board members getting any attention in the book?
Yes, the book is not just about Holmes. It covers everyone who failed to do their due diligence.
by market timer
Sun Jun 24, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3128
Views: 955690

Re: What Book Are You Currently Reading? Part VI

Bad Blood , by John Carreyrou The rise and fall of Theranos, written by the WSJ investigative journalist who helped expose the scam. Half-way through this and it is engrossing with some really colorful characters. I now see Adam McKay, who directed the Big Short, will direct a film based on this bo...
by market timer
Sun Jun 24, 2018 2:50 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3128
Views: 955690

Re: What Book Are You Currently Reading? Part VI

Bad Blood, by John Carreyrou

The rise and fall of Theranos, written by the WSJ investigative journalist who helped expose the scam.
by market timer
Sat Jun 23, 2018 10:58 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 11699

Re: When did you start flying business class?

Started when I had enough frequent flyer miles. Nowadays, I usually end up paying cash for business for long haul flights. When traveling with family, it does get expensive. Also, kids make the experience a bit less luxurious than when I fly solo (e.g., I might not even get to sleep). If I'm flying ...
by market timer
Sat Jun 23, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 20649

Re: Can you retire on $2M?

Sure, I could retire on $2mn at 40. I'm pretty close to those numbers now. However, I'd rather work a job I enjoy than retire at this age. The nice thing about being FI is you can be picky about the type of work you do, and you don't have to worry as much about losing your job.
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: 1813

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: 6155

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: 964

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: 12698

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: 12698

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: 3950

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: 2177

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: 2511

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: 5519

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: 5519

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: 1773

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: 1773

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: 24857

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: 24857

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: 8629

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: 2964

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: 7808

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: 7808

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: 7808

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: 2045

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: 41
Views: 4213

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: 14163

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: 3602
Views: 1027346

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: 14163

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: 14163

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: 14163

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: 3855

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: 13056

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: 11328

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: 8099

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: 4545

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: 6683
Views: 1449567

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: 13142

Re: Can I Retire at 38?

Financially, you are set. Don't settle for a job you don't like.