Search found 165 matches

by fnmix
Sat Oct 14, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Pay-off Car Loan or Pay-down Mortgage?
Replies: 21
Views: 2929

Re: Pay-off Car Loan or Pay-down Mortgage?

Thanks for the follow-up report, and congrats! :sharebeer Thank you again JuipterJones You wiped out $180K of debt in 2 years. Kudos to you and thanks for the update, very inspiring. :sharebeer Thank you ze233. I found that the combination of LBYM while shooting for a goal is very powerful. Strange...
by fnmix
Thu Oct 12, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pay-off Car Loan or Pay-down Mortgage?
Replies: 21
Views: 2929

Re: Pay-off Car Loan or Pay-down Mortgage?

It's been ~2 years since the original post on this thread and ~1 years since I paid off the car - based on the discussion on this thread. I am happy to report that I have now paid off the house as well. I am debt free, with the exception of credit cards that I pay off at the end of each month. It is...
by fnmix
Sun Oct 08, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2310

Re: What to do with unused paint?

Tim - is it legal to do this where (State, county) you live? States/Counties have various guidelines for paint. In California, putting paint in household trash is illegal - at least as I understand the rule (http://www.calrecycle.ca.gov/homehazwaste/info/). In Maryland, at least in some counties, th...
by fnmix
Fri Oct 06, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

<SNIP> The Bay Area is home to a high % of cutting edge tech jobs & companies, but a lower % of super-smart 18 or 22 year olds. For discussion's sake, let's say the first number is 30%, and the second number is 3%. So for the Bay Area to maintain its dominance, long term, then a lot of those ~97% o...
by fnmix
Fri Oct 06, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Yeah people rationalize. But that is not unique to the bay area. Back when I worked on the east coast more than a decade ago, my colleagues and friends rationalized that they should stay in the area and not pursue a (seemingly) more exciting career in silicon valley because California was expensive ...
by fnmix
Fri Oct 06, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

No Bentonville was not an obvious center. But Sam Walton was from the area and started with a single store after the second world war. Over time, with grit and luck his enterprise (now Walmart) beat out other general merchandise companies such as Sears (Chicago) and Kmart (Memphis). That Walmart wou...
by fnmix
Fri Oct 06, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

The post below understates the underpinnings of technology centers. If anybody wants to go back and understand the history of silicon valley, check out some of the material put out by Steve Blank. The east coast tech powerhouses like IBM and ATT/Lucent/Bell-Labs date to before the second world war. ...
by fnmix
Thu Oct 05, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Yeah - hard to put full faith in these numbers without running the numbers oneself. That said, NYTimes reports something very similar about NYC: “Someone puts in an all-cash offer and takes their liquid assets to buy the property for all cash, and then gets preapproval for a loan,” said Bradley Waym...
by fnmix
Thu Oct 05, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

And really the return on real estate is just icing on the cake. The real return of buying in the Bay Area is to be able to live and work here. It is investing in the return on your own talent and work. Sure, you can rent but the cost of owning over a 10-20 year period has been cheaper than renting....
by fnmix
Thu Oct 05, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Comparing San Francisco (http://www.jackandpatty.com/2016/03/03/how-common-are-all-cash-sales-in-san-francisco/) to New York City (https://www.nytimes.com/2016/07/24/realestate/buy-it-with-cash-mortgage-it-later.html): San Fransico all cash offers ~37%, NYC All cash offers ~44%. Different, but not d...
by fnmix
Wed Oct 04, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Interest rates going up is not exactly a black swan event. As prices go up, and higher interest rates make mortgages more expensive, the demand part of the equation will decrease. <SNIP> In the context of this thread, there is nothing special about the Bay Area wrt interest rates. Sure the interest...
by fnmix
Wed Oct 04, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

I don't think the emphasis here is on "always" for appreciation. Practically nobody can look ahead 200 years. it is very unlikely that a single country's stock index is guaranteed (or even has a high likelhood) to perform well over that period. Just like it is very unlikely that a single geo is goin...
by fnmix
Wed Oct 04, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Helping friend with 401k rollover to Vanguard
Replies: 9
Views: 691

Re: Helping friend with 401k rollover to Vanguard

Apologies for a delayed followup. If choosing a target retirement (life strategy fund), your friend should start with thinking about the year that he is going to retire and investigate the appropriate fund (e.g. https://personal.vanguard.com/us/funds/snapshot?FundId=0305&FundIntExt=INT if the retire...
by fnmix
Wed Oct 04, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

While Stanford and Berkeley are major contributors (I have an affiliation with one of these), there are other educational institutions that have contributed over the years: UC Davis (Agg technology), UCSF (Medical advances), UC Hastings (Law), Santa Clara University (oldest operating institute in Ca...
by fnmix
Wed Oct 04, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Here is some color from a local paper: http://www.mercurynews.com/2017/06/16/san-jose-area-job-market-bounces-back-bay-area-slumps/ My $.02 on this: the bay area is at (or close to full employment). Statistically there are atleast some layoffs, shutdowns and voluntary resignations all the time. With...
by fnmix
Wed Oct 04, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

From the chart in one of the links earlier (https://www.paragon-re.com/trend/3-recessions-2-bubbles-and-a-baby), the 1988 price index was 52. The Price index in 2017 is 226. That is 4.3x over 30 years. So it is not quite doubling over 7-10 years. While one can not expect the same performance from re...
by fnmix
Wed Oct 04, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Sure - I overstated to make a point. That said, home prices in the bay area are not about the structure. They are about the land/location. A 1000 Sq ft structure varies significantly less between locations in a country than the underlying value of the land/location. Buying a house in the bay area is...
by fnmix
Wed Oct 04, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

You nailed it FrugalProfessor. I started out 6.5 years ago at ~1.25% tax rate. My house price has close to doubled and my effective tax rate is now ~0.65%. The actual dollar cost to me still feels high but as the years go by and the property tax each year (flow) is a smaller and smaller portion of m...
by fnmix
Wed Oct 04, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Ofcourse a black swan like event can happen in the bay area. It can also happen anywhere in the world. No geography is 100% safe. There is a difference between a large metro having a concentration of one large sector with notable amounts of other sectors vs the large metro area being a one industry ...
by fnmix
Sun Oct 01, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Helping friend with 401k rollover to Vanguard
Replies: 9
Views: 691

Re: Helping friend with 401k rollover to Vanguard

(1) Your friend should look at a target retirement (aka lifestrategy) fund. He/She should also consider a three-fund-portfolio (see https://www.bogleheads.org/wiki/Three-fund_portfolio). The choice depends on what other assets he has (e.g. taxable brokerage account) (2) Rollover should have no tax c...
by fnmix
Fri Sep 29, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

Hardly a one industry town. There is plenty of Healthcare and SLED (State and Local Govt's and Education in the area). Have a look at top employers in various counties: Santa Clara http://www.labormarketinfo.edd.ca.gov/majorer/countymajorer.asp?CountyCode=000085 San Mateo http://www.labormarketinfo....
by fnmix
Fri Sep 29, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: The Four Pillars of Investing – today’s Kindle daily deal
Replies: 10
Views: 1459

Re: The Four Pillars of Investing – today’s Kindle daily deal

For those who don’t have William Bernstein’s book “The Four Pillars of Investing”, you can get a Kindle copy today for $1.99. One of my favorite investing books. Thank you. Bought it. I have the older "The Intelligent Asset Allocator" from many years ago. Plan to read this one on a plane or similar...
by fnmix
Fri Sep 29, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 7024

Re: 3 stages of Financial Independence

Good descriptions indeed. I think I am on the verge of (1) below. If I were to sell my house off and move to a HCOL or LCOL from my VHCOL, I expect that I would be close to (3). Current plan is to continue with my job for as long as I like it (and right now I do like it), which will put me in (2) af...
by fnmix
Thu Sep 28, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14174

Re: Bay Area Real Estate

I live in the East Bay (Oakland), and in spite of whatever the problem-of-the-day is (construction noise, homelessness, earthquakes, problems with public schools, protests, we're gonna fall into the San Francisco Bay), I love it here. :sharebeer I lived in Oakland for several years before a changed...
by fnmix
Sat Sep 23, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 157
Views: 11158

Re: Account security - Hackers gain access to mobile and then break havoc

Or one can have one well defended account for each major financial use case. For example: - Bank account with large bank for CDs/savings/checking; with enough funds to go 6mos - 1yr (2fa, strong passwords etc) - Account with major brokerage firm for all retirement savings (2fa, strong passwords etc)...
by fnmix
Tue Sep 19, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 550

Re: Asset Allocation advice [Singapore]

hello head boggled, what I am saying is that it is probably worth figuring out your long-term simplest-possible asset allocation first and once you have done that optimize for ER. if the asset allocation that you have in your original post is the simplest you can do, then by all means get the lowest...
by fnmix
Mon Sep 18, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 550

Re: Asset Allocation advice [Singapore]

Understood. I would still recommend using a smaller number of funds than in your original post to help with long-term maintenance of your portfolio. Just to highlight: ~6 years ago I started with ~8 funds (due to various adhoc historical decisions I had taken). As my investing philosophy became clea...
by fnmix
Mon Sep 18, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Is there any lower-cost alternative to Irish-domiciled equity funds? [+ asset allocation advice for Singapore]
Replies: 9
Views: 550

Re: Asset Allocation advice [Singapore]

headboggled, I assume that you are a Canadian citizen. Can you confirm? I recommend that you simply your stock portfolio to 1 or 2 ETFs. I also recommend that you simplify your bond portfolio to a single ETF. The final portfolio could be something like 80% VWRD and 20% SAAA. Thus portfolio mimics th...
by fnmix
Thu Sep 14, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2079

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Hi in_reality Thank you for taking the time to reply. I am note sure what is wrong with PM. I look at all the settings and they appear fine. I am not a heavy PM user so can't quite say what is "normal" for PM to work. Anyways, your remarks are right on and match what I found pretty closely. Between ...
by fnmix
Thu Sep 14, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2079

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Hi Jamismo, Just curious if you were able to get this to a conclusion. I.e. did you go with Schwab One International or with Interactive brokers? And were you able to set up your account to buy Ireland domiciled ETFs? Would love to hear your experience with either entity. Aaa, sorry. I can see it wh...
by fnmix
Thu Jul 06, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 12646

Re: Seeking advice on 1.2m house purchase

Company is located at the triangle intersection of 85, 101, and 237 (Sunnyvale). I currently am renting in Sunnyvale (near Apple). Since there's nothing under 1M in my area, I've been looking at longer commutes (Campbell, San Jose, Fremont, East Palo Alto, etc.). No work from home options officiall...
by fnmix
Mon May 15, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

In my 50 years experience at two Megacorps, I think that they will use you in whatever position they think that they need you. I don't know that you can control this as most corporations go through frequent reorganizations. I remember one colleague who told me that he was hired for a particular rol...
by fnmix
Sun May 14, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

Aside from setting expectations upfront as much as possible (which is not complicated, just standard interview stuff) I'd just try to add as much value as possible in strategy once you join and make yourself so indispensable in that role that they wouldn't dream of taking you away from it. Great po...
by fnmix
Sat May 13, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

m Hilarious! Pajamas - your post did make me refocus my attention on what I found attractive about the company and the role in the first place. Thanks to this thread, I have a small plan in place: ⋅  Reconfirm the job responsibilities ⋅  Reaffirm my interest and excitement for s...
by fnmix
Sat May 13, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

I would assume that this was talked about in detail in the interview process. Just have a frank discussion with them to reconfirm the situation that you expect to be in. Hi Watty. Always good to hear your thoughts. The interview process was a bit complicated by the fact that the employer's requirem...
by fnmix
Sat May 13, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

8foot7 wrote:I hate it when I interview for things and my excellence just oozes out involuntarily.


My apologies if you found my note offensive 8foot7. I have replaced some business jargon in my original post to plainer english - in the hope that it expresses the actual situation a bit better.
by fnmix
Sat May 13, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Re: Negotiating job responsibilities

If you have already been through a rigorous hiring and interview process and don't know what they need and want you to do, that is a danger signal. Thanks for the note Pajamas. I think the caution is appropriate. I do think that the company knows what it wants from me at the beginning - lets say th...
by fnmix
Fri May 12, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating job responsibilities
Replies: 15
Views: 1443

Negotiating job responsibilities

Hello All, Hoping for your input on a tricky topic as I head into final negotiations on a new job. Key question: What do I need to do to set the new employer's expectations wrt the type of work (strategy, over operations) that I want to focus on? Background: ⋅  I am a business person in th...
by fnmix
Sun Mar 19, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect taxed medicare earnings on social security statement
Replies: 10
Views: 952

Re: Incorrect taxed medicare earnings on social security statement

As far as I know the SSA does not use Medicare earnings records in any meaningful way*. They do not affect future payments or benefits. The only thing Medicare earnings affect is taxes in the year of the earnings, and this is a matter between you and the IRS with no SSA involvement. If you filed an...
by fnmix
Sat Mar 18, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect taxed medicare earnings on social security statement
Replies: 10
Views: 952

Re: Incorrect taxed medicare earnings on social security statement

My W2 was also mucked up and was reported wrongly to SS. I did a Google search, and found a form to fill. They ask for narrative and much proof as possible. If you have the W2 it'll be very easy, include copies of that and a copy of the tax return. After 2-3 months it was corrected. I didn't have t...
by fnmix
Sat Mar 18, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect taxed medicare earnings on social security statement
Replies: 10
Views: 952

Re: Incorrect taxed medicare earnings on social security statement

So ... are the "taxed Medicare earnings" higher than you earned? Also remember that 401(k) and other tax deferred plans reduce your income for tax purposes, but not for SS or Medicare. jimb For 2015 (the year in question), the "your taxed medicare earnings" is lower than my inco...
by fnmix
Sat Mar 18, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect taxed medicare earnings on social security statement
Replies: 10
Views: 952

Re: Incorrect taxed medicare earnings on social security statement

You are aware that there's a yearly cut-off limit on the income that is taxed for social security, but not for Medicare? So you could have more taxable Medicare income than taxable SS income. jimb Hi jimb. Indeed I am aware that social security has an earnings cutoff but medicare doesn't. I earned ...
by fnmix
Sat Mar 18, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Incorrect taxed medicare earnings on social security statement
Replies: 10
Views: 952

Incorrect taxed medicare earnings on social security statement

Hi Folks, I was reviewing my social security statement (online version) and noticed that for 2015, the "your taxed medicare earnings" looks incorrect. Is this something worth correcting with the social security administration? How hard is something like this to correct? Background I have n...
by fnmix
Tue Mar 14, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Importing prior year's form 8960 into Turbo Tax
Replies: 7
Views: 703

Re: Importing prior year's form 8960 into Turbo Tax

I will be glad to tell you what I did. No guarantee it is correct, of course. Unfortunately Turbotax provides no instructions for this form 8960 Ln 7 worksheet. Thank you gtd98765. You have helped me greatly. I am confident about what I am entering for line 5 of the "deduction recoveries works...
by fnmix
Mon Mar 13, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Importing prior year's form 8960 into Turbo Tax
Replies: 7
Views: 703

Re: Importing prior year's form 8960 into Turbo Tax

Hi dumbbunny My guess is if you filled out your 2016 1040 via the TurboTax Easy Step method and no value appeared on line 7, then you have nothing to report. The problem, as I see it, is that turbo tax does not have access to my 2015 Form 8960. I believe that the 8960s in consecutive years are logic...
by fnmix
Mon Mar 13, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Importing prior year's form 8960 into Turbo Tax
Replies: 7
Views: 703

Re: Importing prior year's form 8960 into Turbo Tax

I did this last night. Just type in the new info from last year's return. It is only a few blocks. Unfortunately, little help in Turbotax explaining where that info comes from, so it's not exactly straightforward. Good going gtd98765! I am finding the terminology for the TT "Form 8960 Ln 7&quo...
by fnmix
Sun Mar 12, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Importing prior year's form 8960 into Turbo Tax
Replies: 7
Views: 703

Importing prior year's form 8960 into Turbo Tax

Hello, I am using Turbo Tax deluxe to do my taxes for the first time. Last year's taxes and several before that were done by a tax preparer. I have my 2016 taxes filled out and am comparing them to my 2015 returns as a sanity check. 2015’s tax returns include Form 8960 that has a number in line 7. 2...
by fnmix
Tue Feb 28, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mac tax software for newbie tax filer
Replies: 7
Views: 704

Re: Mac tax software for newbie tax filer

Thank you dumbbunny and in_reality. I'll be starting with the deluxe version (Turbo Tax, but will take one more look at H&R block).
by fnmix
Mon Feb 20, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mac tax software for newbie tax filer
Replies: 7
Views: 704

Re: Mac tax software for newbie tax filer

Thanks livesoft. When I go to m and check "have children/dependents", "own a home" and "sold stocks or bonds", Intuit tells me to purchase Premier. When I uncheck "sold stocks or bonds" it drops down to Deluxe. Just wondering: with Turbo Tax Deluxe, can one st...
by fnmix
Mon Feb 20, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Differences between TurboTax and H&R Block
Replies: 22
Views: 2299

Re: Differences between TurboTax and H&R Block

Thanks for the post. I had not realized that H&R block made tax software until now. But it does appear that H&R Block's software is ball park equivalent to the more expensive turbo tax. BTW, I just posted a question on tax software for MAC (https://www.bogleheads.org/forum/viewtopic.php?f=2&...