Search found 70 matches

by Xyz214
Sun Dec 27, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2020: Lessons learned
Replies: 237
Views: 16040

Re: 2020: Lessons learned

theplayer11 wrote: Sun Dec 27, 2020 5:43 pm continue to buy in big on huge dips
where did the money come from?
by Xyz214
Tue Dec 01, 2020 11:08 pm
Forum: Personal Investments
Topic: Thoughts on VGT [Vanguard Information Technology ETF]
Replies: 53
Views: 3974

Re: Thoughts on VGT [Vanguard Information Technology ETF]

For people who are against betting on a sector. Should VGT be treated like a regular sector fund? Tech companies nowadays encompass many industries. From the web "Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibab...
by Xyz214
Sun Oct 25, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 223
Views: 14720

Re: Software developer about to seek new opportunities -- discuss salary up front?

As for the code tests. The biggest thing is to not start coding right away but to ask questions to fully understand the problem you are trying to solve. Why are they doing code tests if you already have built commercial apps/software? Makes you wonder are these the kind of people you want to work f...
by Xyz214
Mon Oct 19, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Software developer about to seek new opportunities -- discuss salary up front?
Replies: 223
Views: 14720

Re: Software developer about to seek new opportunities -- discuss salary up front?

From my experience, IC making over 300k is not common. I work for the number 1 big bank in NYC and I’m in a project that’s considered strategic and important. Most IC’s make between 150k and low 200k. Ones who makes 300 and up have to lead or manage a team of people.
by Xyz214
Sun Aug 23, 2020 3:32 pm
Forum: Personal Investments
Topic: Need serious help
Replies: 32
Views: 3239

Re: Need serious help

I was like you back in 2011 with smaller amount of money 500+K. I invested 10% in 2011 and invested the rest within 2 years or so. When the market dropped by more than 20%, I didn't panic and saw it as opportunity to buy more shares for my dollar. After this realization, I accelerated putting in my ...
by Xyz214
Sat Apr 06, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 126179

Re: That's enough for me in 2019

OP is not the only one contemplating moves like this right now. I did it (transitioned 100% to cash) starting in Dec 2007 and finishing by June 2008 and felt like the smartest guy in the room by early 2009. The problem is that I had to be right twice. I stayed 100% cash until 2013. Factoring in the...
by Xyz214
Sat Mar 02, 2019 2:11 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 19665

Re: Lots of cash .. Scared to put it to work now

Hi all Ive been lucky enough to build up a nice cash position of approx 900k at 39 years old ( 10% invested only) , no debt, condo paid for . Looking at the market it seems overpriced historically speaking as we all know , and I'm trying to do the following : -Set up a game plan with it for the nex...
by Xyz214
Sat Mar 02, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: “Market Always Goes Up” defense without past performance
Replies: 143
Views: 10133

Re: “Market Always Goes Up” defense without past performance

I think that's a good argument for using passive and index investing for whatever you invest in, but for me it doesn't answer the more fundamental question of whether I want to invest in a market that I believe is now seriously overvalued as a whole. gmaynardkrebs, Why do you need to answer this qu...
by Xyz214
Sat Mar 02, 2019 8:42 am
Forum: Investing - Theory, News & General
Topic: “Market Always Goes Up” defense without past performance
Replies: 143
Views: 10133

Re: “Market Always Goes Up” defense without past performance

I think markets went up the past, and still do, because people and their companies are always learning and building and striving and overall producing more with less. That means passive investors that take market returns figure they will end up getting more and more. Markets definitely have a lot o...
by Xyz214
Thu Jan 24, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 118
Views: 10900

Re: Need Advice - quit 6-figure job to do coding school?

I'd do an MS rather than a bootcamp. You're unlikely to get close to $250k out of a bootcamp, even with a CS degree, because you are likely to be very rusty and won't be able to pass the algorithm-heavy interviews. But yeah, you could be making significantly more than $250k within 5 years so financ...
by Xyz214
Thu Jan 24, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 118
Views: 10900

Re: Need Advice - quit 6-figure job to do coding school?

Me thinks AI will make coders dinosaurs over time. Given the nature of coding probably not far far off. Not in our lifetime. Someone will need to communicate the requirements to the machinr. And this is the job of the coder. Application developer will continue to be moving to using with higher leve...
by Xyz214
Thu Jan 24, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 118
Views: 10900

Re: Need Advice - quit 6-figure job to do coding school?

OP, 1) A more realistic path would be looking into AI, machine learning, and data science. Something that combines your current job with programming. 2) What do you hope to get out of this career change? KlangFool Why do you think “more realistic path would be looking into AI, machine learning, and...
by Xyz214
Tue Nov 06, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 8292

Re: Never thought of living in Bay Area but just got a call from Tesla

My friend is a doctor, who works in a hospital near Tesla's office. She noticed that most Tesla employees who came to their clinic look miserable and stressed out. On the other hands, google and netflix employees seem happy.
by Xyz214
Sun Jul 15, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: How to determine weights within portfolio
Replies: 29
Views: 1897

Re: How to determine weights within portfolio

To add to the above, the default position seems to be the market weight. Start there and for every deviation from that point have a good reason that you understand and believe in. If you don't then when the returns for one piece of the allocation does poorly you will be tempted to sell it. By marke...
by Xyz214
Sun Apr 08, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Handling ageism in tech
Replies: 56
Views: 6857

Re: Handling ageism in tech

Not sure if this is the right forum for this since it is not investing. But I will try my luck. We all know that there is considerable age discrimination in tech (for variety of reasons - but let's not get into that). I am in my early 40's and in a pretty decent technical role (lead a small team ri...
by Xyz214
Thu Apr 05, 2018 6:52 am
Forum: Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 9141

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

Hello all, I am a Boglehead and have been for the past 6 years which has worked out great for me. I know the general answer to my question is, check AA at fixed intervals, if it is unbalanced, rebalance it. BUT It can be frustrating when the market has a huge pullback yet you do not get to take adv...
by Xyz214
Sun Feb 11, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 12165

Re: How does one emotionally keep it together during market swings?

Knowing that I don't need the money in the next 20 years. If the market drops, I get to buy more share for every pay period and I also see it as an opportunity to buy shares with prices from the past.
by Xyz214
Sun Oct 08, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 3235

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

I say go for it. If it doesn't work out, you can always go back to technology.
I'm developer in a bank and there are few managing directors who were former traders. I'm guessing either they didn't excel in trading or they decided to take it easy later in life.
by Xyz214
Sun Aug 20, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 12104

Re: Weightlifting Equipment for Home Gym

Thanks for the replies. I've also checked out https://forum.bodybuilding.com/ for more info. It is quite entertaining and informative. They have several different programs for increasing your lifts. I'm not interested in bodybuilding but am interested in lifting for strength and health and find it ...
by Xyz214
Sat Aug 12, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 23775

Re: Life at crossroads. What would you do ?

OP, I didn't read through the whole thread but you seem very pessimistic. You can certainly find jobs elsewhere given your tech background and MBA. I'm a developer around your age and I work with a lot of business analysts and project managers who are in late 40's and in 50's. You need to realize yo...
by Xyz214
Sun Jul 02, 2017 8:25 am
Forum: Investing - Theory, News & General
Topic: What may have led to the US stock sell-off on 6-30-17 at 3:50-4:00 p.m.?
Replies: 50
Views: 7014

Re: What may have led to the US stock sell-off on 6-30-17 at 3:50-4:00 p.m.?

U.S. stocks gradually rose on Friday from late morning until 3:50pm. The last ten minutes saw a sell-off. ITOT (Total US Stock Market) dropped 0.34% from 3:50 to 4:00 p.m. What may have caused the sell-off? In the big picture that relatively small drop won't matter, but I'm trying to learn about po...
by Xyz214
Tue May 23, 2017 7:51 am
Forum: Investing - Theory, News & General
Topic: Why Invest in Average?
Replies: 34
Views: 4907

Re: Why Invest in Average?

It's a completely plausible idea which makes intuitive sense... It just doesn't quite work out that way in practice. The question I have now is why so few funds manage to beat the indices - even accounting for survivor bias, shouldn't roughly 50% of funds be above average? And yet, it's not even cl...
by Xyz214
Sun Mar 26, 2017 10:51 pm
Forum: Personal Investments
Topic: Where to Invest a Bit of a Windfall
Replies: 10
Views: 1540

Re: Where to Invest a Bit of a Windfall

Why not Vanguard Total International? Its valuation certainly looks better than the US'.
by Xyz214
Thu Jan 12, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 382
Views: 49445

Re: How Bad was 2008, really?

In case this hasn't been mentioned, seeing people getting laid off left and right made me really nervous about my job.
by Xyz214
Thu Jan 12, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Been renting for 10 years. Is it about time for me to get my own place?
Replies: 11
Views: 2369

Re: Been renting for 10 years. Is it about time for me to get my own place?

It sounds like I should wait for now. I just calculated the CAGR of my rent for the past 10 years. It comes out to 2.42, which is not as bad I thought. physiorol, I'm afraid my income growth will be limited for the rest of my career. I'm in individual contributor and in tech where agism exists. jimb...
by Xyz214
Wed Jan 11, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Been renting for 10 years. Is it about time for me to get my own place?
Replies: 11
Views: 2369

Been renting for 10 years. Is it about time for me to get my own place?

Hi. I live in HCOL city and have been renting the past 10 years. My rent keeps increasing so I've been debating lately whether I should buy my own place to achieve more stable housing cost going forward and to build equity. I'm currently paying 2400 for a small studio. Here are my information. Age: ...
by Xyz214
Sat Sep 24, 2016 12:18 pm
Forum: Investing - Theory, News & General
Topic: The Trouble with "Buy and Hold"
Replies: 144
Views: 19155

Re: The Trouble with "Buy and Hold"

OP, the reality is you don't just invest at one point. Most people in accumulation phase would have continuously invested after the tech bubble. This means they reached breakeven much sooner than you think.
by Xyz214
Sat Sep 24, 2016 10:46 am
Forum: Personal Investments
Topic: Invest entire $1M windfall now or over time?
Replies: 39
Views: 7306

Re: Invest entire $1M windfall now or over time?

Invest at least 30% of it now and DCA the rest in two year schedule. If you become more comfortable with the market after experiencing large price movements, accelerate your DCA schedule. Along the way, keep learning. One book I highly recommend is "Investor's Manifesto" by William Bernste...
by Xyz214
Sun Jul 31, 2016 10:32 am
Forum: Investing - Theory, News & General
Topic: Investing at stock market highs
Replies: 52
Views: 6426

Re: Investing at stock market highs

this question comes up atleast once a month here. To summarize, you will get one of the responses below 1. Put it all in at once 2. Put it in regular intervals 3. Wait for a drop - put some in. Repeat until done I tend to favor 3rd option as every one of my buddies made much higher returns than mar...
by Xyz214
Sun Jul 31, 2016 9:31 am
Forum: Investing - Theory, News & General
Topic: Investing at stock market highs
Replies: 52
Views: 6426

Re: Investing at stock market highs

50K seemed like a large sum to me when I just started investing. Now, I see more than 50K movement over few days/weeks and I don't lose sleep about it. What helps is knowing that I don't need the money any time soon. Given that you have 3-4 decades ahead of you, invest now and be done with it. Educa...
by Xyz214
Sun Jul 24, 2016 7:45 pm
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 11751

Re: Remind me once again why I can't time the market?

I didn't read other people's posts. Sorry if what I'm going to say has already been said. I suggest you save your energy in doing something else. Just automate your investment. If history is your guide, chances are you'd be doing worse with your "buy in the dip" strategy since the market g...
by Xyz214
Thu May 12, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup, middle age couple no children
Replies: 22
Views: 4316

Re: Prenup, middle age couple no children

I felt sad reading the OP. Both of you are matured and have been together for 8 years and I'm guessing both are educated also. Given these, the probability of getting a divorce later is really low. Why can't you trust yourself and her that you two will stick together through thick and thin? And why ...
by Xyz214
Sat Apr 16, 2016 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 11130

Re: Postnuptial agreement for Physician

Hi, My wife and I recently got married and joined our finances. We currently don't have any significant assets (she has about 30K in student loan debt, and 25K in her retirement account; while I have 16K in car debt, no student loans). I am a physician and she is a nurse. I am still in training, an...
by Xyz214
Sat Apr 16, 2016 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 11130

Re: Postnuptial agreement for Physician

OP. Divorce rate is not as bad as you think. From http://www.bls.gov/opub/mlr/2013/article/marriage-and-divorce-patterns-by-gender-race-and-educational-attainment.htm "The chance of a marriage ending in divorce was lower for people with more education, with over half of marriages of those who d...
by Xyz214
Sun Apr 03, 2016 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving a LBYM lifestyle ["Living Below" to "Living At" Your Means]
Replies: 54
Views: 8578

Re: Leaving a LBYM lifestyle

At your current income level, you can definitely afford it. Are you confident you can sustain same level of income for next 10, 15 years?
by Xyz214
Fri Feb 26, 2016 5:09 am
Forum: Investing - Theory, News & General
Topic: Where does the money go when stocks and bonds are in the red ?
Replies: 34
Views: 5647

Re: Where does the money go when stocks and bonds are in the red ?

There is no "money". When you see the price of a share of stock or a bond, what you see is the amount it could be sold for. It is just the price that that investment is trading for at the moment. There's money! Stock price goes up because someone put in money into the stock and it goes do...
by Xyz214
Sat Nov 07, 2015 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Have people who want early retirement actually BETA-TESTED it to see if you like it?
Replies: 13
Views: 1829

Re: Have people who want early retirement actually BETA-TESTED it to see if you like it?

I had a month break in between jobs 5 years ago. I travelled, read books, worked out and did whatever I liked. What I realized in my experience, it's not enjoyable if I have do all the fun things just myself. I know extreme ER is not for me. Right now, I'm aiming to retire around 55 and be FI ASAP. ...
by Xyz214
Tue Nov 03, 2015 8:33 pm
Forum: Personal Consumer Issues
Topic: Organic Food: Costco vs Trader Joe's vs Local Super market
Replies: 33
Views: 7037

Re: Organic Food: Costco vs Trader Joe's vs Local Super market

I eat organic frozen blueberries for breakfast everyday. We buy the 3 pound bag from CostCo for about $11. At Whole Foods, the 10 ounce bag is $4 and at Trader Joe's, the 12 ounce bag is $3. Since the blueberries are Kirkland brand, they always seem to be available. I don't buy anything else on you...
by Xyz214
Tue Oct 13, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: I am scared of a bear is it ok to take longer to go in?
Replies: 36
Views: 4314

Re: I am scared of a bear is it ok to take longer to go in?

I am 55 and would like it to last 30 years. I do not care to list the amount at this time. I would take out no more than 4%. I am thinking about a 60/40 AA How does this plan sound? 60/40 is a reasonable asset allocation for people your age. But ultimately, as Larry Swedroe said, your asset allocat...
by Xyz214
Mon Oct 12, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: I am scared of a bear is it ok to take longer to go in?
Replies: 36
Views: 4314

Re: I am scared of a bear is it ok to take longer to go in?

It took me 2 years to put in 200+k. I started with contributing smaller amount on the first year and after I felt more comfortable with the market, I accelerated and was done by the end of the second year. I suggest invest now using your 5 year schedule. Remember the best time to invest is now. The ...
by Xyz214
Sat Oct 10, 2015 12:31 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 10290

Re: New investors: how did your first correction go?

I started investing boglehead-style towards the end of 2011. Honestly, I didn't even know we had a correction (> 10% drop). I just noticed my portfolio value dropped and was thinking what's happening is healthy for the market. It should wiggle out speculators. Also, I was thankful I get to buy share...
by Xyz214
Thu Oct 01, 2015 7:29 am
Forum: Personal Investments
Topic: You can time the market...
Replies: 47
Views: 5476

Re: You can time the market...

Have you heard of Value Averaging? You'll probably get better result with it instead of second-guessing the market.
by Xyz214
Mon Sep 28, 2015 10:59 pm
Forum: Personal Investments
Topic: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?
Replies: 35
Views: 3918

Re: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?

Also, you don't need to stop investing altogether. You can just re-allocate certain percentage of your new money to paying off the loan. Personally, I will continue maxing out my tax-advantage account. If you don't utilize them, you lose them forever.
by Xyz214
Mon Sep 28, 2015 10:29 pm
Forum: Personal Investments
Topic: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?
Replies: 35
Views: 3918

Re: Put investing on hold given current market conditions and pay down debt? What's a Boglehead to do?

Go head but not for the reason you mentioned. If you continue stopping to invest because of market downturn, you will do worse as your average cost basis will be higher (only buying when market is going up) than a typical boglehead who continues to buy regardless of market condition. If you have tim...
by Xyz214
Sat Apr 11, 2015 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 74
Views: 18374

Re: regret and depression...how to deal with it

I realized I missed out on the gain towards the end of 2011 so I started educating myself by hanging out in here everyday and also read over ten books recommended in the wiki. Then, I felt more comfortable but not enough to invest everything at the same time. What I did was to put 20% of the cash to...
by Xyz214
Sat Mar 21, 2015 4:47 pm
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 12753

Re: The one area I disagree with Jack

You can't rebalance SS to equities when the market is down.
by Xyz214
Mon Jan 26, 2015 4:39 pm
Forum: Investing - Theory, News & General
Topic: Do any young investors use Only fixed income?
Replies: 35
Views: 4748

Re: Do any young investors use Only fixed income?

would you be able to recommend such a book(s) please? The Wiki maintains some lists of recommended readings, and people comment on good books here a lot. Here is a list of that includes a short list of books people here consider extremely valuable, as well as a very long list of other good books. A...
by Xyz214
Wed Dec 31, 2014 12:37 pm
Forum: Investing - Theory, News & General
Topic: Why donate to charity?
Replies: 61
Views: 6714

Re: Why donate to charity?

I don't think scenario 2 is correct. It should be You: -$0.67 IRS: -$0.33 Charity: +$1.00 Was going to say, you can't make money by giving it away. Gifting of appreciated shares can come close to be an exception to this. For example, I have some ETF shares I donate which are worth around 5 times wh...