Search found 543 matches

by gips
Thu Aug 22, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14215

Re: Selective Colleges

My father was a latin scholar in hs. His parents paid for college on the condition that he choose btw law, medicine and accounting. He chose accounting, started his own very lucrative practice and hated every moment of it. But with three kids and a stay-at-home wife, didn't feel like he could make a...
by gips
Wed Aug 21, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14215

Re: Merits of a Selective School

That is, two kids from that background with all the same measured characteristics (including parents' education and wealth) who apply to the same schools, but one of whom attends a less selective one (for whatever reason), do about the same. this finding resonates with me, admitted to an ivy, atten...
by gips
Wed Aug 21, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14215

Re: Selective Colleges

unhooked admission to a top lac is a crazy stretch. when my D was applying to colleges, two years ago, she was interested in middlebury and williams. The analysis of the admitted class looked like this: - 30% athletic recruits - 10% legacies - 25-30 % URM - 10% international - 10-15% first-generatio...
by gips
Wed Aug 21, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14215

Re: Selective Colleges

we've have three kids, our oldest, given his profile, should have been accepted to a top 15 university instead of a top 30. This gave rise to deep quantitative and qualitative analysis resulting in our middle child being accepted his first choice, a top LAC, with stats that really didn't play. In fa...
by gips
Wed Aug 21, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14215

Re: Selective Colleges

I went looking for this because I thought I remembered that Brown used to be one of the few highly selectives that showed admit rate by ACT/SAT score (maybe the only one). But I can't find that data now - maybe Brown used to have it and no longer does, or I remembered the wrong school, or whatever....
by gips
Fri Aug 09, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2726

Re: wifi router, too many options!

decided on the amplifi hd base router for around $130 from amazon. Hoping it covers the whole house, looks like the range is 5k and I like that it can be expanded if necessary.

thanks all for your help!
by gips
Fri Aug 09, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2726

Re: wifi router, too many options!

thanks for all the advice! Some thoughts: - If a single asus router in a cabinet in my basement can cover my whole home, why would I invest the extra $ in mesh? This is after all bogleheads and I'm just not understanding the value of spending an extra $200. - I'm a software engineer by trade but in ...
by gips
Thu Aug 08, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5039

Re: Real Estate Negotiation Came to a Halt

no one who had a recent offer for $950k is going to drop $100k unless they're under severe financial pressure. I've negotiated 100s of contracts, here's my suggestion: - tell them your goal is a fair price for both sides - Show them the comps supporting your price. - ask them for comps supporting th...
by gips
Wed Aug 07, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2726

Re: wifi router, too many options!

The point of mesh is to give good coverage and reliability, not necessarily the fastest possible speed. Google Wifi works well, but it lacks some control (e.g., you cannot setup separate SSIDs for 2.4 and 5 GHz bands; Eero has the same limitation). We currently have Uniti's Unifi system, but it's p...
by gips
Wed Aug 07, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2726

wifi router, too many options!

Hi, I worked in tech but have completely lost track of the home wifi router market and the options are dizzying. Our current router is the asus n66u, it's over five years old, the antennas are cracked/broken, it's dropping connections (I think) and I'm concerned the security may be compromised (I sh...
by gips
Sat Aug 03, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 551
Views: 42756

Re: Talk me out of buying a Tesla Model 3

In accumulation we were bogleheads/consumer reports car buyers: never spent more than $25k and drove our cars into the ground. Point in case, when my comp moved into seven figures, I drove a forester and a Hyundai Santa Fe. Now, with an empty nest and sufficient funds, decided to splurge on a model ...
by gips
Sat Jul 27, 2019 2:29 am
Forum: Personal Finance (Not Investing)
Topic: Finding a preparer for complex tax returns and consultation
Replies: 20
Views: 1721

Re: Finding a preparer for complex tax returns and consultation

I was a co-owner of a consulting firm and after we grew to a certain size, chose grant Thornton as our accountancy. They recommended we also use them for our personal returns which made some sense. After negotiation, we agreed on $5k (!) per return. The returns were prepared by an experienced CPA an...
by gips
Mon Jul 08, 2019 8:28 pm
Forum: Personal Consumer Issues
Topic: purchasing in st augustine, fl?
Replies: 0
Views: 289

purchasing in st augustine, fl?

Hi, we're thinking about purchasing a vacation/retirement home in the st augustine area. We play tennis, like the beach and it seems like there should be some cultural events in the area. Also, we won't be full-time residents, so it would be good to recoup some expenses via rental. Anyone live there...
by gips
Wed Jun 26, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 44
Views: 4672

Re: Pay Cash for Primary Residence?

we used bond allocation = age but left it 60-40 eq/bond after I reached age 40. We completely ignored the equity we had in our home when analyzing asset allocation.
by gips
Wed Jun 26, 2019 9:27 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24024

Re: Crypto bulls are back. Are you getting in?

As I see it there are 3 uses today: 1) Criminal activity 2) Speculation that someone will buy it from you for more than you paid. 3) As a way to replace a quickly depreciating currency. I would bet #1 and #2 likely dominate the market. I have no way of proving that, it is just a suspicion from read...
by gips
Tue Jun 25, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24024

Re: Crypto bulls are back. Are you getting in?

in the book sapiens, Harari makes the point that human are the dominant species because of our ability to create and maintain myths. Money is one of those myths. The $20 dollar bills in our wallets aren't worth the paper they're printed on. So now we've created a new myth, cryptocurrency. If enough ...
by gips
Tue Jun 25, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Pay Cash for Primary Residence?
Replies: 44
Views: 4672

Re: Pay Cash for Primary Residence?

we had a 2% mortgage so it didn't make sense to pay off the loan. I retired and we wanted to purchase an apt in nyc. Due to the coops debt to income ratio requirements, we had to pay off the mortgage (I know, makes no sense). Intellectually, I was unhappy with the move but emotionally, it feels grea...
by gips
Wed Jun 19, 2019 12:50 pm
Forum: Personal Investments
Topic: RMDs vs voluntary withdrawals?
Replies: 6
Views: 915

Re: RMDs vs voluntary withdrawals?

thanks, makes sense.
by gips
Tue Jun 18, 2019 8:47 pm
Forum: Personal Investments
Topic: RMDs vs voluntary withdrawals?
Replies: 6
Views: 915

Re: RMDs vs voluntary withdrawals?

good point but not really what I'm asking.
by gips
Tue Jun 18, 2019 7:54 pm
Forum: Personal Investments
Topic: RMDs vs voluntary withdrawals?
Replies: 6
Views: 915

RMDs vs voluntary withdrawals?

Hi, we're mostly retired, our investment income puts us in the 22% fed tax bracket. I'm 63, my wife is 55. I've been analyzing if it makes financial sense to withdraw IRA money to the top of the 22% tax bracket. I don't think it makes sense because I'll lose the value of tax-free compounding on the ...
by gips
Mon Jun 17, 2019 4:58 pm
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 110
Views: 10552

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

Vanguard Total International Stock Index expense ratio (admiral class) - 0.11 Vanguard International Growth (admiral class)- 0.32 You would be paying fee almost three times higher. Has the returns been almost three times as good? is that the way it should work? All things being equal, I'd pay .21 m...
by gips
Wed Jun 12, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: pc remote viewing software like teamviewer?
Replies: 10
Views: 544

pc remote viewing software like teamviewer?

I'd like to provide support for an older, remote family member by seeing what they're doing on their computer when they have problems. I found teamviewer, free for personal use, has anyone used it in this fashion? anything else I should look at? thanks, p.s. just in case someone is tempted, let's ju...
by gips
Wed Jun 12, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: 2015 subaru forester 96k, replace or run into the ground?
Replies: 24
Views: 2107

Re: 2015 subaru forester 96k, replace or run into the ground?

I’m not sure what the push is for you to consider replacing it right now. Is it just because it’s approaching 100k? The vehicle could easily last another 100k without any significant repairs. I would keep it and run it into the ground. Have you had anything go wrong with it, other than maintaining ...
by gips
Tue Jun 11, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 subaru forester 96k, replace or run into the ground?
Replies: 24
Views: 2107

Re: 2015 subaru forester 96k, replace or run into the ground?

thanks for the input, leaning towards keeping it, it has been very reliable. It does have eyesight and adaptive cruise control (the only extras I purchased) and it has been amazing...As I move towards my mid 60s, I wouldn't consider a car without it.

best,
by gips
Tue Jun 11, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2015 subaru forester 96k, replace or run into the ground?
Replies: 24
Views: 2107

2015 subaru forester 96k, replace or run into the ground?

Hi, I have a 2015 subaru forester with 98k miles that I purchased in 2014, edmunds calls trade in value $10k, paid $24k. Typically we try for at least seven years for our cars but we didn't have a lot of luck with our last subaru and consumer reports gives it a 3 out of 5 for reliability. sell and p...
by gips
Mon Jun 10, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262727

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

haven't read all 39 pages(!) but somewhere you write that it might be hard not to take money off the table towards the end of your horizon. Agree, and it would surely suck for the investment to be on target after year 18 or 19 years only to experience a high drawdown. I'd want to think about pulling...
by gips
Mon Jun 10, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16623

Re: The logical fallacy behind "Bonds Are For Safety"

are you sure intermediate or long term bonds have higher expected returns than CDs? Those of us who invest in CDs typically do so because a) the after-tax returns are higher than intermediate and long term treasuries and b) we look for low EWPs which allow us to break the CD if rates move sharply h...
by gips
Sat Jun 08, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16623

Re: The logical fallacy behind "Bonds Are For Safety"

^ yes, with Kevin on this but it would be tough to model the way we invest in CDs due to utilization of the ewp. Also, I’m in a treasury fund when I’m out of the cd market (basically waiting for an above market returm).
by gips
Sat Jun 08, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16623

Re: The logical fallacy behind "Bonds Are For Safety"

>>Usually it is in the context of an admonition and/or self-affirmation to use the safest available bond category, or even cash/CDs, without any acknowledgement of the overall portfolio behavior Is it? I don’t care enough to verify but that’s not my perception. Or perhaps it’s an admonition to not c...
by gips
Sat Jun 08, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8345

Re: thinking about un-retiring

so I finished my first engagement, personally, financially and intellectually rewarding. Would love to do it again, not sure when/if I'll find another pt engagement. I will say after 20 hours per week for five weeks, I'm ready for a vacation!
by gips
Sat Jun 08, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 16623

Re: The logical fallacy behind "Bonds Are For Safety"

Few aphorisms are so blithely repeated as "bonds are for safety", and I've always wondered how such an illogical piece of advice came to become so commonly accepted. <snip> Example of the fallacy: bond fund A is less volatile than bond fund B, therefore a portfolio containing bond fund A must be le...
by gips
Tue Jun 04, 2019 9:15 pm
Forum: Personal Consumer Issues
Topic: Recommendations for "Backup" software
Replies: 40
Views: 2850

Re: Recommendations for "Backup" software

In the early part of my career I ran a datacenter and since then, have been very careful with backups. But now I keep all my files in the cloud and use boxcrytor for encryption. I’m running chromium, so no apps to install.

Not for everyone but I’d guess works well for the majority of users.
by gips
Mon Jun 03, 2019 2:54 am
Forum: Personal Investments
Topic: Do I need a financial planner or investment advisor or just this forum?
Replies: 30
Views: 3092

Re: Do I need a financial planner or investment advisor or just this forum?

I have a friend who has an mba from a top school and knows a lot about investing. He leads a busy life and chooses to use vanguard’s pas as a classic time for money swap. He’s very happy with the service. https://investor.vanguard.com/advice/personal-advisor One of the nice things about pas is that ...
by gips
Sun Jun 02, 2019 4:35 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39216

Re: For those who earn $500k+ per year. How'd you do that?

Was making $300k as Wall st tech consultant, started consulting business, 3rd year broke $500k, last two years before we sold, 7 figures. Retired after selling. Life changing, allowed us to send kids to the colleges of their choice, travel, Manhattan apt. Lots of bogleheaders have gotten to financia...
by gips
Tue May 28, 2019 4:21 am
Forum: Investing - Theory, News & General
Topic: Beat the market with lower risk than the market itself (using leveraged ETFs)
Replies: 32
Views: 2887

Re: Beat the market with lower risk than the market itself (using leveraged ETFs)

I did not bother to read this thread - but I am guessing that it's really easy to beat the market if you just sumpin' sumpin' sumpin' with maybe a little sumpin'. From your signature; “Oh I can't, can I? That's what they said to Thomas Edison, mighty inventor, Thomas Lindberg, mighty flyer,and Thom...
by gips
Thu May 23, 2019 10:02 pm
Forum: Personal Consumer Issues
Topic: Amex card + Any tips for US Open tickets?
Replies: 16
Views: 1730

Re: Amex card + Any tips for US Open tickets?

We’ve been every year for the last 20 years or so. I’ve also played a tournament on the courts(!). The road to 4.5 tennis website is an insiders guide to attending the open, not much to add. We mostly go the first week with a grounds pass however we’ve been to a lot of semifinals matches and have sa...
by gips
Sat May 18, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best vehicle to administer budget for sil [sister-in-law]
Replies: 45
Views: 3617

Re: Best vehicle to administer budget for sil [sister-in-law]

here's an update and it's amazing: my sil got a psychiatrist to declare her disabled and unable to work. She's receiving long-term disability and, after expenses and taxes, has more disposable income than when she worked. She's living basically rent-free and her son has taken a larger role in contro...
by gips
Sat May 18, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8345

Re: thinking about un-retiring

here's my update: I feel like my mind is functioning better, I'm much sharper and am enjoying the intellectual challenge of learning a completely new tech stack (cloud computing architecture) over a short period of time. the money is fabulous. the downside: I was a co-owner of a consulting business ...
by gips
Sun May 05, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: College Academic Scholarships?
Replies: 30
Views: 2001

Re: College Academic Scholarships?

I agree with the other posters, two years at community college seems appropriate. Make sure the credits will transfer to a state school.
by gips
Sun May 05, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8345

Re: thinking about un-retiring

just a quick update, I decided to unretire into a five-week project working 20 hours per week. comp is higher than anticipated. I've had to learn a lot of new tech (cloud architecture) and it's been all kinds of fun to engage my brain in that way. I'll take stock in five weeks and see if I want to c...
by gips
Sun May 05, 2019 10:33 am
Forum: Personal Investments
Topic: FIRE Plan Review - Are we ontrack or still ignorant?
Replies: 16
Views: 2460

Re: FIRE Plan Review - Are we ontrack or still ignorant?

wow, you have a lot of questions! You're smart, have done well to get this far, and I'm thinking you know the answer to most of these questions. So first, you've done really, well, congrats! Here are some random thoughts spend: " And we chose to prioritize FI over additional vacations, upgrading hou...
by gips
Sat May 04, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: created LLC, can I deduct aca premiums?
Replies: 9
Views: 1024

Re: created LLC, can I deduct aca premiums?

thanks for all the help! I'm a one member LLC so I think that's treated as a sole proprietorship from a tax perspective. The HRA angle is interesting, my wife and I also teach tennis, so I'm guessing we could bring that revenue into the LLC and then designate her as an employee. However, if things g...
by gips
Thu May 02, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: created LLC, can I deduct aca premiums?
Replies: 9
Views: 1024

created LLC, can I deduct aca premiums?

Hi, I've unretired into pt work as a contractor and have formed an llc. Can I now deduct my aca payments off the top of my revenue? For example (the numbers are just made up): revenue: 122k aca payments: 22k adjusted income: 100k we also have unreimbursed health expenses (deductibles, out of network...
by gips
Mon Apr 22, 2019 4:54 am
Forum: Personal Investments
Topic: Coming up on 40, please review my portfolio and direction
Replies: 30
Views: 4141

Re: Coming up on 40, please review my portfolio and direction

Note that this totally changes the calculations made by b.lock above, which were based on a $24k year expense. Your projected ~$2M when spent at $65k/year is only 30X annual expenses or a 3.25% withdrawal rate. While many in the FIRE communities would say you're good to go at 3.25% WR, its definite...
by gips
Mon Apr 22, 2019 2:41 am
Forum: Personal Investments
Topic: Coming up on 40, please review my portfolio and direction
Replies: 30
Views: 4141

Re: Coming up on 40, please review my portfolio and direction

Some things to think about: - effect of recession on income - possibility of spouse/kids - what happens to your share of the business if you pass? What happens if one of your partner’s passes? (We had our business purchase life insurance to be exchanged for stock) - how will your buyout work if some...
by gips
Sun Apr 21, 2019 11:03 am
Forum: Personal Consumer Issues
Topic: College admission inputs - Purdue vs local SJSU vs others
Replies: 58
Views: 3606

Re: College admission inputs - Purdue vs local SJSU vs others

the only way we'd consider oos was if admittances were demonstrably better than in-state. We shared this tenet with our kids when they entered high school to set expectations. To my mind, purdue poly doesn't clear that bar. However, some of the other admittances do. Why isn't u of wisc in considerat...
by gips
Sat Apr 20, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 372

Re: thoughts about mixed use fl rental/vacation home`

I have family in fl, would be nice to spend 2-3 months per year there. Anyone have a link to forums/tools (spreadsheets I guess) where we could become educated on finances/operational aspects of vacation rentals? thanks, I have a similar situation. I don't rent. The times you can make money renting...
by gips
Sat Apr 20, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 372

Re: thoughts about mixed use fl rental/vacation home`

thanks, I'm thinking there must be spreadsheets where you enter rental estimates and a detailed set of expenses (as a newbie, I'm sure I'd miss many of these) and it calculates expected cash flow and returns. I wouldn't expect realtors to provide accurate information...it's not in their interest, th...
by gips
Sat Apr 20, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: thoughts about mixed use fl rental/vacation home`
Replies: 5
Views: 372

thoughts about mixed use fl rental/vacation home`

I have family in fl, would be nice to spend 2-3 months per year there. Anyone have a link to forums/tools (spreadsheets I guess) where we could become educated on finances/operational aspects of vacation rentals?

thanks,
by gips
Wed Apr 10, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 111
Views: 9498

Re: physics/math major looking for programmer/analyst job?

thanks, for the suggestion, he looked into tuition reimbursement prior to joining. unfortunately, they won't reimburse for a masters in cs as it's not close enough to his role. They might go for an MBA but he's not interested.