Search found 45 matches

by random user 320
Thu Aug 02, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7266

Re: DW job in dangerous area

Whats the worst that can happen? Are you both willing to pay that price? If yes then take the job. If not decline. That's a silly argument. The worst that can happen, anywhere, doing nearly anything, is death. Should I never drive a car, or swim in a pool, or turn on a stove, or even walk down the ...
by random user 320
Tue Jun 05, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 7083

Re: Expensive house in HCOL area

Wow, lots of people having the same gut reaction to the bubble talk. To be fair, I'm not saying don't buy the expensive house, just like I'm not saying don't buy VTI because the valuations are rich right now. I'm only pointing out that relying on ever-increasing income and wealth is naive.
by random user 320
Tue Jun 05, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 7083

Re: Expensive house in HCOL area

My nephew works for Google and his wife works for Cisco. They just bought a house in mountain view for 2.3M. They are both 30 and make a little more than you guys. But the property will appreciate and the incomes will go up. Heh, this is SO much easier to believe in your 30s than in your 50s, after...
by random user 320
Wed Jan 31, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a preparer for complex tax returns and consultation
Replies: 7
Views: 873

Re: Finding a preparer for complex tax returns and consultation

Is my experience normal? I don't know, but my own experience is very similar to yours. I suspect most accounting firms will do shoddy work because it maximizes their profits, and the average customer can't tell the difference. Like financial advisors, the real talent seems to be in attracting new c...
by random user 320
Wed Apr 05, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 4695

Re: Switching Jobs for less...Has anyone done this....

Nine months ago I quit a very lucrative job in which I was miserable. I have since been working on a personal project that I hope to develop into a successful startup. I declined several interview invitations and contract-work offers along the way. I don't really have a good way to tell if I'm succe...
by random user 320
Fri Oct 28, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: 25, no savings, job less stable than previously thought, financial and career advice needed
Replies: 17
Views: 2641

Re: 25, no savings, job less stable than previously thought, financial and career advice needed

Without knowing the details of your work visa, I'll assume an H1B or L1. This is a problem because if you do get laid off, you'll have to leave the US. And if you don't get laid off, you'll run into the maximum time limit of the visa (5-7yrs depending on the type), so you'll again have to leave the ...
by random user 320
Sat Oct 01, 2016 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Comprehensive discussion on holding/trading mutual funds, ETF, and stocks in Chase (for those who values CPC status)
Replies: 101
Views: 16598

Re: Beginner's guide to not getting con'd by Chase

I will preface all this by saying I've abandoned the miles-and-points game, having concluded that it's rarely worth my time at the current level of wealth and earning potential. But I feel I could clarify a few things being missed here. And what is the actual value of these "points"? When I redeem p...
by random user 320
Tue May 17, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 28868

Re: Rich But Middle Class

There has been plenty of research to show that once you pass about $75,000/year money no longer buys happiness. I think OP should ponder on that. Actually, I've seen some pretty convincing arguments against that particular conclusion: http://danluu.com/dunning-kruger/ http://www.brookings.edu/~/med...
by random user 320
Sat Feb 06, 2016 11:49 pm
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 4758

Re: Purchasing Business Class Tickets

Check this forum for a few days; something might turn up matching your destination. If it does, buy the tickets immediately -- good deals usually go fast.
by random user 320
Tue Feb 02, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: Alternative to Briggs & Riley Luggage
Replies: 33
Views: 10770

Re: Alternative to Briggs & Riley Luggage

Check out http://www.flyertalk.com/forum/travel-products-639/ -- plenty of threads there discussing various brands in detail. The forum participants are generally well-informed and experienced travelers.
by random user 320
Mon Aug 24, 2015 2:32 pm
Forum: Investing - Theory, News & General
Topic: Book Recs for Historical Bears
Replies: 11
Views: 919

Re: Book Recs for Historical Bears

I presume you've already read the classic: "Manias, Panics, and Crashes"?
by random user 320
Mon Jun 29, 2015 9:24 pm
Forum: Personal Consumer Issues
Topic: The Amalfi Coast: Next April
Replies: 21
Views: 3373

Re: The Amalfi Coast: Next April

I find this forum to be reliable and discerning when it comes to posh accomodations:
http://www.flyertalk.com/forum/luxury-h ... hotel.html
by random user 320
Thu Apr 30, 2015 1:20 pm
Forum: Personal Consumer Issues
Topic: New car every 5 years instead of 10?
Replies: 129
Views: 26609

Re: New car every 5 years instead of 10?

If instead of buying a fancier car, you invest the $3,253/year @ 8.5% in a Roth IRA, in 40 years (age 25-65) you will have approximately $1,043.613. Where can I invest at 8.5% for 40 years? Or even 10? Sign me up! This. If you look carefully, these examples always overstate the potential returns (n...
by random user 320
Sun Sep 07, 2014 7:40 am
Forum: Personal Finance (Not Investing)
Topic: What do you measure your AA against?
Replies: 20
Views: 1599

Re: What do you measure your AA against?

I've found greaterthanzero.com to be an interesting fount of ideas in this area. Haven't tried their software yet, but it certainly looks like the author has spent some time considering how best to assess one's investment results over time.
by random user 320
Tue Jun 10, 2014 1:17 pm
Forum: Personal Consumer Issues
Topic: A $1000 lesson on how manipulative salespeople can be?
Replies: 107
Views: 20940

Re: A $1000 lesson on how manipulative salespeople can be?

However, the problem with this book and other psychology and behavioral economics books is that just knowing how these things work is not enough to effectively resist them. This has been noticed, and there was some research into how people muster willpower and resist successfully. This book contain...
by random user 320
Tue Jan 08, 2013 8:24 am
Forum: Investing - Help with Personal Investments
Topic: At What Level Does a Portfolio Take Off?
Replies: 94
Views: 11937

Re: At What Level Does a Portfolio Take Off?

Oh, and Brother3 saved nothing but won $3 million in the lottery three weeks before he retired. Haha, I wonder why you chose that scenario, rather than, eg, Brother1 getting badly hurt in a car accident in year nine. All I'm saying, Keith, is that the lesson you're teaching only holds for a very sp...
by random user 320
Mon Jan 07, 2013 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: At What Level Does a Portfolio Take Off?
Replies: 94
Views: 11937

Re: At What Level Does a Portfolio Take Off?

easily contribute more than $1,000 Part of my unstated point is that tax-advantaged savings space is limited. OK, I see your point, but it only makes the example less realistic in my mind. For instance, in Canada, Brother2 gets to carry over all his unused limits into the future years. And even in ...
by random user 320
Mon Jan 07, 2013 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: At What Level Does a Portfolio Take Off?
Replies: 94
Views: 11937

Re: At What Level Does a Portfolio Take Off?

By the way, I showed my kids the Brother1 vs. Brother2 spreadsheet. They were impressed. So was I, when I was a kid. :) Then I realized that's 7% before inflation, taxes, and uncertainty. And then I realized that Brother2 could easily contribute more than $1,000 if he wished, due to his much increa...
by random user 320
Mon Dec 10, 2012 11:43 am
Forum: Investing - Theory, News & General
Topic: The anti-Taleb reviews Antifragile
Replies: 197
Views: 31310

Re: The anti-Taleb reviews Antifragile

Taleb's talents seem to be a) the ability to repackage and popularize undergraduate stats concepts with pretense of originality; b) self-promotion. I'd agree with this, though he does choose rather worthy concepts to focus on. FBR was an eye-opener for me; each subsequent book was increasingly more...
by random user 320
Fri Nov 09, 2012 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Net worth vs income.
Replies: 45
Views: 7235

Re: Net worth vs income.

I am guessing the overlap between net worth and net income is smaller than one might think. If this is true "The Millionaire Next Door" is an upper middle class guy and inherited wealth is a live and well. Speaking from (admittedly limited) personal experience, it seems to me you're spot-on regardi...
by random user 320
Tue Nov 06, 2012 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds for a non US citizen
Replies: 17
Views: 4063

Re: I-bonds for a non US citizen

Hey, I'm not defining who is or isn't a resident, I simply posted the info I found at the Treasury Dirrect site. But thanks anyway.Sheesh! The problem is that it matters a great deal to the OP what exactly is meant by "resident". S/He seems to qualify for the IRS definition that tfb mentions but no...
by random user 320
Tue Nov 06, 2012 11:46 am
Forum: Personal Consumer Issues
Topic: Do you take these "workplace sensibility" classes seriously
Replies: 18
Views: 1532

Re: Do you take these "workplace sensibility" classes seriou

I don't think these classes will reverse eons' worth of human nature with a video and a quiz. But they are probably mildly useful in protecting the firm from greedy lawyers. That said, you did nothing wrong and shouldn't feel bad; this is like others jaywalking while you look for the nearest pedestr...
by random user 320
Tue Nov 06, 2012 11:29 am
Forum: Personal Consumer Issues
Topic: A new twist of the Nigerian scam emails
Replies: 13
Views: 1825

Re: A new twist of the Nigerian scam emails

Are people really that stupid to think that a stranger would email you to deliver packages to you containing millions of dollars?? http://www.economist.com/node/21557726 By sending an e-mail that repels all but the most gullible, the scammer gets the most promising marks [victims] to self-select
by random user 320
Tue Oct 23, 2012 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 15744

Re: What does it feel like to have $1M+ liquid?

Your link appears to be the original Pounds Sterling amounts not the U.S. dollar amounts. Sorry, here's the table straight from my North-American paperback edition from 2009 (see the image at the end). his version of liquid assets was cash in the bank essentially and I don't believe extended to sto...
by random user 320
Tue Oct 23, 2012 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: how long do you save various papers?
Replies: 27
Views: 2499

Re: how long do you save various papers?

The supporting statements can be discarded after the statute of limitations expires, but the tax returns are worth saving forever +1 These things come in handy all the time. I once used a stack of old returns to calculate how much a piece of real estate actually cost me in various expenses. I figur...
by random user 320
Tue Oct 23, 2012 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 15744

Re: What does it feel like to have $1M+ liquid?

THY4373 wrote:I am reminded that Felix Dennis a British multimillionaire considers those worth between $1-3 million the "comfortably poor".
As I recall, Dennis had a different scale for liquid assets, where a liquid $1MM gets you to the "lesser rich" level.
by random user 320
Thu Aug 23, 2012 11:22 am
Forum: Investing - Help with Personal Investments
Topic: GOLD
Replies: 69
Views: 5166

Re: GOLD

Haha, I love me a good gold dustup. We were overdue for one. The Mac-vs-Windows debate in the other thread just isn't as much fun. ;)
by random user 320
Thu Aug 23, 2012 10:27 am
Forum: Investing - Help with Personal Investments
Topic: GOLD
Replies: 69
Views: 5166

Re: GOLD

jdilla1107 wrote:this *particular* commodity feels an awful lot like a bubble. It feels like people are buying it today and singing it's praises only because it's gone up a lot the last few years.
Perhaps some people are. But not craigr. And not Harry Browne.
by random user 320
Thu Aug 23, 2012 9:46 am
Forum: Personal Consumer Issues
Topic: big diamond ring
Replies: 80
Views: 13319

Re: big diamond ring

Thanks, GRT2B, I suppose you're right. I'm just curious if the customs officials accept that rationale.
by random user 320
Thu Aug 23, 2012 9:28 am
Forum: Personal Consumer Issues
Topic: big diamond ring
Replies: 80
Views: 13319

Re: big diamond ring

Here's something I've often wondered about: when you have a diamond ring worth more than $10K and you travel internationally, do you have to declare it as a cash equivalent? Many countries require that you declare, when crossing the border, any cash or cash equivalents worth over $10K. Surely diamon...
by random user 320
Tue Jul 03, 2012 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: LLC vs S-Corp for software contractor?
Replies: 18
Views: 4721

Re: LLC vs S-Corp for software contractor?

Supposedly a big advantage of incorporating is the ability to separate corporate from personal assets for liability purposes. Shouldn't you be able to achieve liability protection through a decent insurance policy at a fraction of the cost? Remember that having a corporation requires annual registr...
by random user 320
Thu Jun 21, 2012 1:08 pm
Forum: Investing - Theory, News & General
Topic: Do commodities protect you in bear markets?
Replies: 90
Views: 8513

Re: Do commodities protect you in bear markets?

Call_Me_Op wrote:Why not buy TIPS if you are concerned about inflation? Why accept all of the risk and cost that comes with commodities?
I'm sure craigr will chime in at some point, but here's one of hist past posts on this topic.
by random user 320
Tue Jun 19, 2012 1:01 pm
Forum: Investing - Theory, News & General
Topic: Everything you wanted to know about GOLD except...
Replies: 33
Views: 4309

Re: Everything you wanted to know about GOLD except...

What confuses me is the apparent contradiction between all these charts showing insufficient correlation of CPI to gold price and the documented success of the Permanent Portfolio in past inflationary conditions.
by random user 320
Wed Jun 13, 2012 11:50 am
Forum: Personal Consumer Issues
Topic: Books that have actually changed your life, in a way.
Replies: 172
Views: 19836

Re: Books that have actually changed your life, in a way.

I'll probably shock many of you by saying that Rich Dad Poor Dad actually changed my life. When I first ran across it, I was a profligate spender who couldn't understand why my life was constantly getting harder. Kiyosaki's informal prose on assets, doodads, cashflow, and quadrants got me to see eve...
by random user 320
Sun Jun 10, 2012 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: A rental with 13% return, help me find the catch
Replies: 86
Views: 7112

Re: A rental with 13% return, help me find the catch

according to his plan he should never need to go there again since that management company will do all the work for him... ROTFL. Sorry, this cracked me up, as a former landlord. It is gold-plated guaranteed that your friend will have to go there again. And when he does, pray it's something trivial...
by random user 320
Tue May 08, 2012 4:54 pm
Forum: Investing - Theory, News & General
Topic: If rich people don't buy funds or ETFs why should you?
Replies: 79
Views: 8190

Re: If rich people don't buy funds or ETFs why should you?

wshang wrote:"I don't believe that is a twenty dollar bill on the pavement because EMF tells me it cannot exist."
My own interpretation of EMH is a bit different: if someone tells me there's a neighborhood where $20 bills are often seen lying on the pavement, they're likely not telling me everything.
by random user 320
Thu Apr 26, 2012 4:19 pm
Forum: Personal Consumer Issues
Topic: Best internet travel forum?
Replies: 21
Views: 2442

Re: Best internet travel forum?

I've hung out on FlyerTalk for a few years, and I find it a lot like Bogleheads: knowledgeable, opinionated, and decidedly outside the mainstream. You will not regret spending a few days rooting through their weird little corner of cyberspace.
by random user 320
Thu Apr 26, 2012 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

Thanks, dbr , that's exactly how I interpreted your advice. And to Muchtolearn and ilmartello : I don't agree with your view, but that probably makes it more important for me to hear it. Thanks for chiming in. If I adopt a dual, short-long term strategy, I wonder what the appropriate AA is for the s...
by random user 320
Wed Apr 25, 2012 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

Thanks, everyone, for your advice. Particularly thank you to Wagnerjb and dbr for the reading materials. I'm currently leaning toward the strategy of exercising as soon as options vest but keeping ~10% of the portfolio in the employer's stock and counting that into a 50/50 split. There are two reaso...
by random user 320
Wed Apr 25, 2012 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

OK, I get the message on not counting the options. But let's assume that I decide to exercise them as soon as they vest, as a strategy to reduce uncertainty and minimize taxes ( mhc, dbr : these are ISOs, and there's no tax due on exercising, except for possibly AMT). Now I can ask a simpler questio...
by random user 320
Tue Apr 24, 2012 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

Perhaps it is worthwhile to keep the stock long enough that you pay capital gains when you sell instead of regular income tax, but I doubt you should hold it any longer then necessary. Thanks, I couldn't agree more. The interesting question is where to invest my cash while I'm holding the employer ...
by random user 320
Tue Apr 24, 2012 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

I would never consider unexercised options as part of my portfolio. Something like, "don't count your chickens before they hatch." Do you mean unvested or unexercised? I can see the argument for counting unvested options as future income (though they're vesting pretty damn quickly, skewing the AA e...
by random user 320
Tue Apr 24, 2012 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

Re: AA advice for someone with lots of stock options

How about picking an arbitrary number for your asset balance and use actual numbers in your post? We wouldn't be off by much if we assumed that the total portfolio value is $1M and each percent was $10K. That will give you a pretty good idea of the sums involved. Also, please let us know what the m...
by random user 320
Tue Apr 24, 2012 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: AA advice for someone with lots of stock options
Replies: 23
Views: 1390

AA advice for someone with lots of stock options

Wise Bogleheads, I was wondering what you think an appropriate AA strategy would be in my case. A notable part of my kitty is in my employer's stock options, as outlined in the details below. The unvested options and a decent salary make my asset allocation a moving target and introduce interesting ...