Search found 86 matches

by kevinpet
Tue Aug 04, 2020 7:57 pm
Forum: Personal Consumer Issues
Topic: Average gas mileage- how accurate?
Replies: 35
Views: 1790

Re: Average gas mileage- how accurate?

This forum is full of people who keep spreadsheets on everything. Anyone willing to compare your measurement with the indicated average? Yes, I admit I am too lazy to do this myself. Please include car manufacturer. My 2018 Subaru Forester overstates mileage by 6.9% on average over 20k miles, with ...
by kevinpet
Thu Jul 16, 2020 3:27 pm
Forum: Personal Investments
Topic: Wells Fargo PMA increasing fees
Replies: 49
Views: 4276

Re: WellsTrade

It's been called "Portfolio" for about 5 years and the 100 free trades went away about 10 years ago, but they grandfathered everyone in.

I still see $0.00 for stock and ETF trades. I've never bought MFs there, and think there's a $35 fee, same as always.
by kevinpet
Fri Jul 10, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: [Tesla added to S&P 500 index]
Replies: 241
Views: 23273

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

Can they overweight a transitioning stock in Extended fund ahead of time to sell to the S&P 500 fund? If so, does that only really work for smaller companies that could get covered by the cash portion of the fund? That seems to be a definite no. The shareholders of the extended market fund have...
by kevinpet
Wed Jun 24, 2020 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity leave issue
Replies: 5
Views: 652

Re: Maternity leave issue

It sounds like I’m essentially losing out on 8 weeks of paid “time off” (even though it’s technically sick leave) due to a timing issue. I hate to use the word but it seems sort of unfair. I think the sick leave is to allow you time off because you are unable to work, and there is a standard assump...
by kevinpet
Mon May 04, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: A Risk-Tolerance Question
Replies: 50
Views: 2623

Re: A Risk-Tolerance Question

You are a relatively new investor who owns an "aggressive" portfolio. You did not understand that "aggressive" is an industry euphemism for "high-risk". This bear market has you thinking you made a mistake. You have lost over 20% of your hard-earned savings and you kno...
by kevinpet
Fri Apr 17, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: Is Virgin Galactic (SPCE) a value stock?
Replies: 21
Views: 996

Re: Is Virgin Galactic (SPCE) a value stock?

Their criteria is essentially if it isn't growing, it must be value.
by kevinpet
Sat Mar 28, 2020 11:13 pm
Forum: Personal Investments
Topic: Is it possible to overcontribute to a 401k?
Replies: 10
Views: 804

Re: Is it possible to overcontribute to a 401k?

Since most 401ks are based off a % of your paycheck, and your paycheck can change mid-year based on raises, bonuses etc., what happens if you end up contributing over the annual limit? Does it just go in as "after tax dollars" or do you have to pay some kind of penalty and withdraw the ex...
by kevinpet
Sun Mar 22, 2020 2:50 am
Forum: Personal Investments
Topic: VTEB behavior since the crisis
Replies: 6
Views: 974

Re: VTEB behavior since the crisis

There's a lot of talk about how bond ETFs are decoupling from the underlying. Usually, this would be interpreted as a flaw in using ETFs, but in this case, it may be that the ETF is more liquid and thus more able to adjust to market forces quickly than the relatively illiquid muni bond market. Bonds...
by kevinpet
Fri Mar 20, 2020 12:59 am
Forum: Personal Finance (Not Investing)
Topic: How would you mentor STEM college students/grads?
Replies: 15
Views: 863

Re: How would you mentor STEM college students/grads?

You may find some inspiration in these slides: https://www.slideshare.net/adamnash/personal-finance-for-engineers-twitter-2013/ The actual investment advice is pick an allocation, pick the lowest cost index funds, rebalance once a year. It also talks about how engineers face unique challenges, like ...
by kevinpet
Wed Mar 18, 2020 2:05 am
Forum: Personal Investments
Topic: TLH partner for individual stock: QCOM
Replies: 3
Views: 189

Re: TLH partner for individual stock: QCOM

Why do you want to retain your exact concentrated exposure? If you're generally bullish on technology, why not sell and just buy QQQ (NASDAQ Composite)?
by kevinpet
Wed Nov 13, 2019 12:39 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 33
Views: 2956

Re: optimal strategy for exploiting robo-advisors

The thing is, if you are maintaining an index and selling the losers within that index for tax loss harvesting, it seems that you have to replace the losers with SOMETHING. The algorithms can work around the wash sale rules no problem, you can sell the losers and buy them back in 30 days. But what ...
by kevinpet
Mon Sep 30, 2019 12:13 am
Forum: Investing - Theory, News & General
Topic: S&P indexes may never hold some unicorns. Thoughts?
Replies: 39
Views: 3795

Re: S&P indexes may never hold some unicorns. Thoughts?

There are some signs that this may be a temporary fad which will go away. Specifically the things that have been happening around We (formerly WeWork), a unicorn startup that canceled its IPO plans when it looked like they wouldn't get the price they wanted, turned around, fired founder as CEO and g...
by kevinpet
Mon Sep 16, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 35008

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

mtmingus wrote: Sat Sep 14, 2019 11:23 am
They have low MAGI. And they have child credits.
Also $10k in SALT deduction due to property taxes.
by kevinpet
Wed Sep 11, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 5348

Re: Calling all iPhone SE Bogleheads

I suspect there are a lot of women out there who prefer a smaller phone. For some reason, cell phones started out big, got small, now the trend is big again. It's not possible to fit a 5+ inch screen (or 6+ nowadays) in the pocket if you are petite. That's the main reason my wife chose this phone (...
by kevinpet
Thu Sep 05, 2019 8:27 pm
Forum: Personal Investments
Topic: Middle Age people with low savings need to take on more investment risk than is normal?
Replies: 52
Views: 6313

Re: Middle Age people with low savings need to take on more investment risk than is normal?

Normally I'm guessing most Bogleheads would recommend a 50 year old person with significant assets have somewhere in the range of 70/30 to 50/50 stocks-to-bonds. Since she so far behind, I'm wondering if someone in her position should be much more aggressive and put ALL her future savings (beyond e...
by kevinpet
Thu Sep 05, 2019 8:19 pm
Forum: Investing - Theory, News & General
Topic: Pre-IPO trading vs. IPO value
Replies: 11
Views: 728

Re: Pre-IPO trading vs. IPO value

My wife is getting an offer from a startup that is rumored to have an IPO coming very soon. I realize this isn't a guarantee, but exciting nonetheless. As part of her compensation they've given her a "strike price" for a certain number of shares. I'm still learning about what all of this ...
by kevinpet
Thu Aug 29, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Passive investing now controls nearly half the US stock market
Replies: 39
Views: 3778

Re: Passive investing now controls nearly half the US stock market

My guess is problems will start manifesting as large tracking errors. Let's say, 98% is passive. In this case 2 active traders will make a trade and 98 passive will try to follow it. They will overshoot & undershoot. Lots of tracking error. Passive doesn't need to do anything to follow the mark...
by kevinpet
Tue Aug 27, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I purchase a $30k car?
Replies: 112
Views: 8366

Re: Should I purchase a $30k car?

yosemite_mountain wrote: Tue Aug 27, 2019 1:48 pm Should I buy a $30k car? How much car should I buy based on my stats below? I really like the car but also want to avoid lifestyle creep.
Buying your car at the end of the lease is probably less lifestyle creep than the alternative (which would likely be to go lease something newer).
by kevinpet
Sun Aug 25, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: When to have an Umbrella insurance policy
Replies: 39
Views: 4590

Re: When to have an Umbrella insurance policy

I have Geico umbrella and I will be dropping it soon or possibly moving all my insurance elsewhere. Why? Because it doesn't cover what's it's frequently presented as covering. Specifically, we had an incident where we were dragged into an accident that neither us nor our vehicles were anywhere near....
by kevinpet
Wed Aug 21, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Realizing option value granted as part of compensation
Replies: 22
Views: 1281

Re: Realizing option value granted as part of compensation

The offer includes a yearly value of options, call it $10k. If the share price is $100, then does this mean I have the right to exercise an option on 100 shares of the stock? I've never had options at a public company, but contra several replies, that is exactly what I would assume, unless clearly ...
by kevinpet
Fri Aug 09, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Rent the Back Yard"
Replies: 41
Views: 3212

Re: "Rent the Back Yard"

Just because you live in a neighborhood where the median home price is now $1.5M does not mean you paid that much to move in 30 years ago. That's why I said "many" and not "most." The median household income for San Francisco is slightly under $100k. I suspect the median income ...
by kevinpet
Thu Aug 08, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: Silicon Valley Interview Attire
Replies: 30
Views: 3243

Re: Silicon Valley Interview Attire

I interview software engineers for a small tech company in Silicon Valley. For an interview, you want to be on the formal end of what the normal range of your prospective coworkers wear. This is the ideal: Polo shirt, henley, short sleeve button-down or oxford shirt or similar. A t-shirt will be fin...
by kevinpet
Sat Jul 20, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: How to get rid of a piano?
Replies: 51
Views: 4713

Re: How to get rid of a piano?

If you can find someone to take it away for free, count yourself lucky. Here's an older article about the (non-existent) demand for used pianos: https://www.nytimes.com/2012/07/30/arts/music/for-more-pianos-last-note-is-thud-in-the-dump.html The thing with pianos is that most of what's out there is...
by kevinpet
Mon Jul 01, 2019 11:32 pm
Forum: Investing - Theory, News & General
Topic: Best Re-balance method
Replies: 19
Views: 1729

Re: Best Re-balance method

It doesn't really matter much. Different exact thresholds or timing on rebalancing will generate different outcomes over different time periods, but you can't predict which one is optimal.

https://www.vanguard.com/pdf/ISGPORE.pdf
by kevinpet
Sun Jun 30, 2019 11:32 pm
Forum: Personal Investments
Topic: Mom wants to roll IRA to Roth, but lost records of contributions
Replies: 22
Views: 2256

Re: Mom wants to roll IRA to Roth, but lost records of contributions

This only matters if you have post-tax basis, for example, from making traditional IRA contributions when your income was too high to deduct or making after tax contributions to a 401k beyond the max allowed for tax deferral or Roth. If she doesn't know what either of those is and it doesn't sound f...
by kevinpet
Wed Jun 19, 2019 12:51 am
Forum: Investing - Theory, News & General
Topic: Which category to liquidate to cover a margin
Replies: 7
Views: 744

Re: Which category to liquidate to cover a margin

For some reason, I need to provide a cash loan to a close relative on short notice. This leaves me with a large 8.325% margin at Fidelity. I think liquidating a portion of my portfolio is likely less expensive than paying the margin rate. My emergency cash reserve is intact, so are our day jobs. My...
by kevinpet
Mon Jun 10, 2019 7:43 pm
Forum: Personal Consumer Issues
Topic: What to read prior to visiting ancient sites in Athens?
Replies: 18
Views: 1359

Re: What to read prior to visiting ancient sites in Athens?

Plutarch really gives a feel for ancient greek society, more so than Thucydides who is focused on major events.

Epictetus' Enchiridion is very short. The bit about equating trying to move up in society as something that can be bought with effort just as lettuce can be was interesting.
by kevinpet
Mon Jun 10, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 11247

Re: Do you carry Umbrella Insurance?

I'll be the contrary voice here. I currently have GEICO umbrella and I'm considering canceling. Why? Because they can't give me a straight answer as to whether a liability would be covered. Background: Got sued due to a mistaken name, not involved in any sort of accident, not involved with any cars ...
by kevinpet
Sat May 18, 2019 2:08 pm
Forum: Personal Investments
Topic: I don't even know how to categorize this... help?
Replies: 28
Views: 2422

Re: I don't even know how to categorize this... help?

I know what risk is, and I know "some" efts have low return... . I'm not looking at wild risky efts, I'm asking about the basic boring index funds advised here for the 3-fund portfolio via the Schwab version-- Is the answer really-- buy and hold for ten years and what you get (in the Schw...
by kevinpet
Tue May 07, 2019 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO assigning higher risk driver to more expensive car
Replies: 12
Views: 2497

GEICO assigning higher risk driver to more expensive car

I've been with GEICO for a while. I just got a rate change which isn't that surprising because my wife had an at fault accident a few months ago. What did surprise me was that they listed the "accident and/or conviction" surcharge on my vehicle. I called in to correct it and was informed t...
by kevinpet
Sun Apr 28, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4542

Re: Is ACH Billpay risky?

It seems like ACH billpay may be riskier if the property management or mortage company changes but the old ACH billpay order is still in there and the old company still continues taking money, as an example. I share your preference for real bill through my bank, but I don't think there's much actua...
by kevinpet
Wed Jan 09, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Employee stock options - is it worth quibbling about the grant date?
Replies: 6
Views: 698

Re: Employee stock options - is it worth quibbling about the grant date?

I recently joined a company shortly before its IPO. (yes, its good fortune assuming I last a few years) My first day was on a Monday, the IPO was on the friday of that same week. My options were dated for friday rather than my first day of employment which strikes me as kind of odd. They're priced ...
by kevinpet
Fri Dec 07, 2018 1:21 am
Forum: Personal Consumer Issues
Topic: California 8 days road trip LA-SFO
Replies: 40
Views: 2589

Re: California 8 days road trip LA-SFO

Most of everything from Leo Carrillo beach (near LA/Ventura county line) to San José is either a relaxing coastal B&B with obscure wine recommendations, or farmland. Some items of note: Guiseppe's in Pismo Beach is good pizza and gelato. There's also a park, Dinosaur Caves, nearby. This is a fre...
by kevinpet
Fri Nov 30, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: Why are REITS a separate asset class but healthcare is not?
Replies: 59
Views: 4610

Re: Why are REITS a separate asset class but healthcare is not?

My main point of the topic was less so holding the market share if you will, but why are REITs considered "different" as something like healthcare has in the past 20 years performed significantly better and would appear to have offered a better diversification. Many portfolio tweaks to a ...
by kevinpet
Wed Nov 28, 2018 8:40 pm
Forum: Personal Investments
Topic: Marijuana [Stock]
Replies: 51
Views: 5923

Re: Marijuana

In order to make money in stocks, you need to have some very good reason to believe something different from what the market believes, as reflected in the stock price, and you need to be right and the market needs to be wrong. You have to have some very good reason to think the company is much bett...
by kevinpet
Sun Nov 25, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 10724

Re: What financial information do you share with your family and relatives?

This is the holiday season and here are some questions I've heard asked at gatherings in the past. Some I have been asked myself. "How much was your house?" Public record. May as well answer. "How much was your car?" Available online, but your actual experience is useful informa...
by kevinpet
Tue Nov 20, 2018 3:56 am
Forum: Personal Consumer Issues
Topic: New car choice for low mileage driving: Prius Prime Premium or Subaru Impreza Premium?
Replies: 21
Views: 1892

Re: New car choice for low mileage driving: Prius Prime Premium or Subaru Impreza Premium?

That's a pretty unusual short list. That said, given your driving, mileage really doesn't matter. You'd be looking at $500/yr gas assuming 30 mpg, $250/yr assuming 60 mpg. I'd recommend researching the safety features you care about. Subaru definitely had some of the best outside of luxury cars for ...
by kevinpet
Fri Nov 16, 2018 8:55 pm
Forum: Personal Investments
Topic: Tax lose harvesting bond funds?
Replies: 7
Views: 775

Re: Tax lose harvesting bond funds?

Watch out for the need to reduce your losses by tax exempt dividends if held less than six months.
by kevinpet
Sun Nov 11, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Stop paying on life insurance policy?
Replies: 33
Views: 2823

Re: Stop paying on life insurance policy?

Assuming you are 45, your probability of the insurance paying out is 1 - ((1 - 0.31%) * (1 - 0.33%) * (1 - 0.37%) * (1 - 0.49%) * (1 - 0.45%)) = 1.9%, giving the life insurance over the next few years an expected value of $9500, for an expected return on investment of about 750%. If you want to calc...
by kevinpet
Mon Nov 05, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever “borrow” against their emergency fund?
Replies: 23
Views: 2824

Re: Anyone ever “borrow” against their emergency fund?

My wife has a three week gap between bonus declaration and payment. Those three weeks cost us a fair amount last year, but they could have just as easily worked in our favor. Given that markets tend to go up, it will likely cost us more often than it will benefit us. Are the risks of a presumed or ...
by kevinpet
Mon Nov 05, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 8742

Re: Do people calculate savings rate on gross income?

I calculate on takehome + retirement deductions. What matters to me is the ratio of savings to spending, and calculating this way makes that easily apparent, while calculating on gross means I need to calculate two numbers to make that easily apparent, and that would mean I need to enter pretty much...
by kevinpet
Mon Sep 24, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2424

Re: Acoustic Pianos

Hi Bogleheaders. Anyone on here knows about acoustic pianos? We are in the market for a piano and of course the wife likes to buy new so don't even bring up the buy-used topic. We have 2 kids just starting to take piano lessons and we eventually would like to learn as well. So I wonder any brands y...
by kevinpet
Mon Sep 10, 2018 1:08 am
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 11362

Re: Can Sneakers go with Business Casual?

Can you elaborate the No response a little bit please. I mean what will happen if I do it? I am asking because I want a clearer understanding of the implication or the consequence. Presumably you work somewhere that specifies or strongly encourages business casual. Sneakers don't meet that definiti...
by kevinpet
Sat Aug 11, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 24691

Re: "Don't Obsess About Expense Ratios"

I would add that once you get to Vanguard-like expense ratios, your expenses become completely dominated by tax efficiency. I think the key is that once you get to single digit expense ratios, the expense ratio just doesn't much matter. People tend to compare things using ratios and ignore the abso...
by kevinpet
Sun Jul 29, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus at Job - Weird Situation
Replies: 34
Views: 6479

Re: Bonus at Job - Weird Situation

I think the reason for the conversations is because I have stressed concern over getting my daily job done and trying to complete the additional projects done assigned by home as part of my career growth. Obviously the more time I spend on these projects, the less time I get my current job done. Th...
by kevinpet
Wed Jul 18, 2018 8:17 pm
Forum: Personal Investments
Topic: Tax implication of exercising company stock options
Replies: 10
Views: 1587

Re: Tax implication of exercising company stock options

First, thanks for taking the time and for the advice! Second, the options were ISO-type and the price I paid to exercise was ~$3 and the Fair Market Value was ~$5. This was for around ~2500 options. So I will need to pay taxes on the $5000 gain in this tax year I suppose? How can I tell if I need t...
by kevinpet
Sun Apr 29, 2018 6:20 pm
Forum: Personal Investments
Topic: Relatively stable 1 year investment that doesn't involve interest?
Replies: 37
Views: 3264

Re: Relatively stable 1 year investment that doesn't involve interest?

There aren't many options for stable income without interest. Generally stable value comes from bonds, and bonds pay interest (even if obscured through being zero coupon). There are a handful of small funds in the US from Amana like AMANX which is primarily equity, although tending towards high divi...
by kevinpet
Mon Apr 02, 2018 8:47 pm
Forum: Personal Investments
Topic: bear market and rebalancing to lower risk
Replies: 13
Views: 1620

Re: bear market and rebalancing to lower risk

If the market makes you nervous when it bounces up and down, you may not be changing your risk tolerance, but merely learning that you didn't have the risk tolerance you thought you did. That said, changing your asset allocation to match whatever happened recently is a fast track to big losses.
by kevinpet
Fri Mar 23, 2018 8:38 pm
Forum: Personal Investments
Topic: Funding 529 Account
Replies: 14
Views: 1484

Re: Funding 529 Account

I think the balance is something like $20,000. 85/15 AA that will be tamped down as he gets older (Vanguard Nevada Plan Moderate Age-Based Option). We contribute $1,000/month. Whether that's reasonable, high, or low depends on where you are with your own retirement saving. You're saving an amount a...
by kevinpet
Fri Mar 23, 2018 8:33 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Timing
Replies: 4
Views: 706

Re: Tax Loss Harvesting Timing

On February 9th I sold 500 shares of VTI at a modest loss and purchased VOO. On March 1st I sold 50 shares of VTI at small loss and, again purchased VOO. Must I wait until April 1 to purchase any VTI or can I purchase VTI NOW based on the sale on February 9? If the latter, am I limited 500 shares? ...