Search found 37 matches

by KNomad
Wed Apr 01, 2020 3:51 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6024

Re: What is your age/AA during this crisis?

34 years old.

37% equities
22% long term bonds (Vanguard Long Term Treasury Index)
30% intermediate-term bonds (Vanguard Total Bond)
11% Gold (IAU, GLDM)

On top of my investments, I've got more than three years of living expenses in cash.
by KNomad
Wed Apr 01, 2020 3:05 pm
Forum: Investing - Theory, News & General
Topic: Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?
Replies: 8
Views: 603

Re: Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?

Wanted to bump this thread to see if there were other asset allocations to look into for someone looking to limit volatility.
by KNomad
Tue Mar 31, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?
Replies: 8
Views: 603

Re: Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?

I think if prolonged unemployment is a real possibility then a three-year emergency fund is fine. In fact, it's fine even if it's not really necessary but it's what helps you sleep at night and also not worry during the day. And yeah, maybe 90/10 is too aggressive for the money beyond the emergency...
by KNomad
Mon Mar 30, 2020 10:50 pm
Forum: Investing - Theory, News & General
Topic: Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?
Replies: 8
Views: 603

Does Traditional Wisdom RE: Asset Allocation Go Out the Window in a Non-Traditional Labor Market?

I've been thinking a lot about how volatility in the equities market often mirrors volatility in the labor market. I'm 34 and entered the labor market during the height of the great recession. My wages were stunted for years while I desperately tried to get a career going. Now, a little more than te...
by KNomad
Thu Feb 13, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Re: Considerations for Promotion Offer

Thanks. Just got off the phone with my brother, who runs an enterprise sales team at a data-as-a-service company. He was taken aback by the offer and thought it was structured in a very odd way. He mentioned the following considerations- -Ask for a commission structure instead of a bonus structure. ...
by KNomad
Thu Feb 13, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Re: Considerations for Promotion Offer

This process took a long time due to company politics, but I've finally got the offer. There are some moving pieces, mainly that I was given a new bonus plan this year that significantly increases my earning potential in my current role. My current compensation- -$158k base -$40k bonus paid at $10k/...
by KNomad
Fri Feb 07, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Finding GOOD flights, not necessarily cheapest flights
Replies: 40
Views: 3031

Re: Finding GOOD flights, not necessarily cheapest flights

I'll check out Google Flights. Any airline favorites / ones to avoid in general? For getting to/from Europe SAS is probably my favorite airline. The SAS A340 (type of aircraft) is probably the most comfortable economy seats crossing the Atlantic today. SAS also generally has really good food, espec...
by KNomad
Tue Jan 14, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Re: Considerations for Promotion Offer

A couple questions and points: 1. Do they allow you to fly business class overseas? Having a lot of international travel this can make a huge difference. 2. A major consideration would be how this helps in a a future job search. You mention that with either jobs you see potential future issues afte...
by KNomad
Tue Jan 14, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Re: Considerations for Promotion Offer

A couple questions and points: 1. Do they allow you to fly business class overseas? Having a lot of international travel this can make a huge difference. 2. A major consideration would be how this helps in a a future job search. You mention that with either jobs you see potential future issues afte...
by KNomad
Tue Jan 14, 2020 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Re: Considerations for Promotion Offer

Thanks for the reply. I had a small amount of equity in my current company that was paid out when it was acquired by our parent company. Q1. Are the benefits at the new company in line or better/worse then current company? They are identical. Q2 Is any of your compensation variable or based on perfo...
by KNomad
Tue Jan 14, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Considerations for Promotion Offer
Replies: 14
Views: 1917

Considerations for Promotion Offer

I'm currently a mid-level manager at a mid-sized technology company (500 people, ~$80MM net revenue). I manage a team of pre-sales consultants and product strategy SMEs. I've been heavily involved in building out new product offerings and onboarding new enterprise-level clients to those new products...
by KNomad
Thu Dec 19, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1458
Views: 381806

Re: Share your net worth progression

2011- $7k Had a rough start to my career after graduating into the recession in 2008. 2012- $22k 2013- $52k 2014- $96k 2015- $143k 2016- $191k 2017- $300k 2018- $420k 2019- $544k I feel way behind after the slow start to my career. Don't feel behind. You're doing amazing. I also graduated in 2008 a...
by KNomad
Wed Dec 18, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1458
Views: 381806

Re: Share your net worth progression

2011- $7k Had a rough start to my career after graduating into the recession in 2008. 2012- $22k 2013- $52k 2014- $96k 2015- $143k 2016- $191k 2017- $300k 2018- $420k 2019- $544k I'm currently single and 33 years old. 20% of my NW is tied up in cash at the moment, ~35% is tied up in my house and ~45...
by KNomad
Tue Jul 09, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Employers asking salaries
Replies: 47
Views: 6730

Re: Employers asking salaries

I went down the path of not disclosing my current salary when being recruited to another company several years ago. I was excited about this company and thought the role was a good fit. They ended up offering me half of what I was making at the time. The company who was recruiting me acted offended ...
by KNomad
Tue Dec 18, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: New Appraisal to Remove PMI, Should I Send a Copy to Home Insurance Company?
Replies: 2
Views: 298

New Appraisal to Remove PMI, Should I Send a Copy to Home Insurance Company?

I recently had my house appraised to remove PMI (I put 10% down in two years ago). My house appraisal came back at 21% above the original purchase price two years ago ($628k vs $518k). PMI has now been removed from my loan. Should I send a copy of the appraisal to my homeowner's insurance company to...
by KNomad
Thu Nov 15, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: What convenience fees does your city charge for credit card use?
Replies: 40
Views: 2252

Re: What convenience fees does your city charge for credit card use?

My city uses this site for utility billing- https://www.municipalonlinepayments.com ... /utilities

It doesn't charge a fee for using a credit card. It's easy to use, but I do wish I could get an email alert when my bill is due (we only get billed 4x per year).
by KNomad
Wed Aug 08, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Why are you leaving your current job?"
Replies: 24
Views: 2534

Re: "Why are you leaving your current job?"

Keep everything positive and your story easily digestible. You are interested in advancing your career in the direction of the open position and you know you will be able to add a ton of value at new company. Also, it just so happens that new company is based in a location that you really like. No n...
by KNomad
Fri Aug 03, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 65
Views: 6116

Re: Colorado Summer Vacation - what to see and where to stay

wije wrote:
Fri Aug 03, 2018 3:42 pm
Do I need a SUV to drive up Mt Evans? I have a Honda Civic. :?
Mt Evans is paved to the summit. No need for an SUV.
by KNomad
Fri Aug 03, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 140
Views: 10251

Re: Car price ratio to NW

Bought a new car in the past year that is about 10% of my net worth and 25% of my gross income.

I negotiated a cash purchase price (had more than enough to pay cash), then bought using credit union financing at 1.24% and then put the cast into a CD earning 2.35%.
by KNomad
Tue Jul 31, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to prepare for "the talk"
Replies: 64
Views: 5585

Re: How to prepare for "the talk"

I had this talk with my parents when they were 57 and 55 after my mom expressed concern. My dad really didn't want to talk about it, but over the course of a weeklong camping trip he opened up. At the time they had a ton of consumer debt and had a combined net worth of about $200k. I referred my par...
by KNomad
Wed Jul 18, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Europe travel Qs [Questions]
Replies: 63
Views: 4433

Re: Europe travel Qs

There is a dedicated railway line between Strasbourg and Paris and you can also easily travel from Strasbourg to Munich by train. No way I would want to deal with the hassle of renting a car. Parking in most European cities is hard to come by and expensive. No idea about US Bank. Without a Visa or M...
by KNomad
Wed Jul 18, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Europe travel Qs [Questions]
Replies: 63
Views: 4433

Re: Europe travel Qs

Make sure to use a no foreign transaction fee credit card and a debit card that reimburses ATM fees. Others have mentioned Schwab, but I've really enjoyed my Fidelity Cash Management debit card for foreign travel. It's a free account with no minimums. Many credit card terminals in Europe allow conta...
by KNomad
Tue Jun 05, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Custodian for Parents Assets? Also, Executor of Will Question.
Replies: 4
Views: 513

Re: Custodian for Parents Assets? Also, Executor of Will Question.

Thanks very much for the advice everyone. My parents are in the process of talking to estate planning attorneys and the info is very helpful to get the conversation started.
by KNomad
Mon Jun 04, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Custodian for Parents Assets? Also, Executor of Will Question.
Replies: 4
Views: 513

Custodian for Parents Assets? Also, Executor of Will Question.

My dad is having some major health issues in his early 60s, which is causing my parents (63 and 61) to update their will, get things in order with advanced directives, medical power of attorney etc. Both of my parents have expressed that they would like some form of custodianship over their estate i...
by KNomad
Fri May 04, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Colorado Auto Insurance Rates 3rd Highest in Nation
Replies: 12
Views: 1435

Re: Colorado Auto Insurance Rates 3rd Highest in Nation

I had a $30,000 hail claim last year on my homeowners insurance and my rates were about the same this year with Amica. Auto insurance is expensive for sure. Colorado roads are rapidly detiorating due to lack of funding and anecdotally it seems like that as traffic has gotten worse with the populatio...
by KNomad
Mon Apr 16, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 25482

Re: BH travel tips?

Save places you like or that are recommended to you in Google Maps. I repeatedly travel to certain cities for work and save restaurants, bars, hotels and attractions that I've enjoyed in Google Maps. When I'm out to dinner somewhere, I can look at my phone and see that there is a bar around the corn...
by KNomad
Mon Apr 16, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: New State Department FCU 2% cash back credit card
Replies: 5
Views: 798

Re: New State Department FCU 2% cash back credit card

Interesting. I have a CC through SDFCU that has my highest credit limit ($50K) that I never use. Perhaps I'll try to convert that to the 2% back card. I've already got a 2% card with PenFed (preferred because of no foreign transaction fees) and another with Fidelity, but if I'm going to have a card...
by KNomad
Mon Apr 16, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: New State Department FCU 2% cash back credit card
Replies: 5
Views: 798

Re: New State Department FCU 2% cash back credit card

Interesting. I have a CC through SDFCU that has my highest credit limit ($50K) that I never use. Perhaps I'll try to convert that to the 2% back card. I've already got a 2% card with PenFed (preferred because of no foreign transaction fees) and another with Fidelity, but if I'm going to have a card ...
by KNomad
Fri Nov 03, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with career direction
Replies: 13
Views: 2221

Re: Help with career direction

OP, https://www.betterworldbooks.com/Please-Understand-Me--Character-and-Temperament-Types-id-9780960695409.aspx I would recommend that you read this book and take a Myer-Briggs Type Indicator test. I believe you have a fundamental problem. You do not know what you are and what you are good at. And...
by KNomad
Sun Nov 16, 2014 12:24 am
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 9666

Re: Your car(s) are equal to how many months income

Our two cars combined are worth less than half of one month's gross income. I've been contemplating buying a new car worth a little more than 2 month's income, but haven't been able to justify it in my head. I've wanted this particular type of car since I was 16, but haven't been able to make the m...
by KNomad
Thu Nov 13, 2014 10:28 pm
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 9666

Re: Your car(s) are equal to how many months income

Our two cars combined are worth less than half of one month's gross income. I've been contemplating buying a new car worth a little more than 2 month's income, but haven't been able to justify it in my head. I've wanted this particular type of car since I was 16, but haven't been able to make the me...
by KNomad
Mon Jun 16, 2014 7:28 pm
Forum: Personal Consumer Issues
Topic: Calling all Cyclists... [help getting into cycling]
Replies: 71
Views: 8781

Re: Calling all Cyclists...

If you have a smartphone, try an app called Strava. It is a free app that records rides and compares your performance to other riders and also tracks your progress. Trying to see if I can beat my times on certain segments really motivates me to go ride. It is really fun. Do you have clipless pedals?...
by KNomad
Tue Dec 04, 2012 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Yet Another When To Consider Buying a House? Thread
Replies: 4
Views: 573

Yet Another When To Consider Buying a House? Thread

My long time girlfriend and I keep bumping up against the idea of buying a house instead of renting because of significant increases in rent in the past few years in our area. Our stats- -Both 26 -Household income $110k -Live in Boulder, CO area -No consumer debt -FICO scores 765-784 -$20k in saving...
by KNomad
Fri Nov 16, 2012 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: State Department Federal Credit Union
Replies: 10
Views: 2449

Re: State Department Federal Credit Union

My apologies- I even spelled the acronym incorrectly. It is PSECU. There was a time when anyone could join through a State Parks foundation or by being an alumni of the public university system in PA or having a relative who was an alumni. They've since clamped down on membership requirements and ma...
by KNomad
Fri Nov 16, 2012 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: State Department Federal Credit Union
Replies: 10
Views: 2449

Re: State Department Federal Credit Union

I should preface by saying that I was going through a process of building credit a few years ago, so for a little while I applied for credit for the sake of having credit. Now I use these CUs to for rate shopping on CDs. Your reasons might be different. Here's the CU's I'm a member of and my reasons...
by KNomad
Fri Nov 16, 2012 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Your philosophy on buying big ticket items...
Replies: 40
Views: 3736

Re: Your philosophy on buying big ticket items...

I tend to do a lot of research on big ticket items like others have mentioned. I'm definitely of the philosophy to buy less things, but buy nicer things. I find that I'm more satisfied for a much longer period of time if I purchase the brand or product that I really want instead of settling for a le...
by KNomad
Fri Nov 16, 2012 1:33 am
Forum: Personal Finance (Not Investing)
Topic: State Department Federal Credit Union
Replies: 10
Views: 2449

Re: State Department Federal Credit Union

I am a member of SDFCU as well as PenFed, NFCU and a few others. SDFCU is a good CU. I have their credit card- 6.49% is a great APR, but I don't ever carry a balance so it doesn't really matter. To be honest, I don't use the credit card very often because of lack of cash back rewards. There is some ...