Search found 444 matches

by davidsorensen32
Thu Feb 25, 2021 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16886

Re: Private School - financially irresponsible?

You're overthinking it. If your kid can get into Dalton , Brearly, Trinity etc. - just go. Else consider settling for Stuyvesant (again, if your kid can get in that is). In NYC, the choice of private school is not so much in the parents'. Every one of the schools above have at least 20-30 applicants...
by davidsorensen32
Sat Feb 20, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay Area to LA Area - Best Value?
Replies: 114
Views: 8527

Re: Moving from Bay Area to LA Area - Best Value?

Definitely watch Selling Sunset : https://www.netflix.com/title/80223108 . They serve lots of Bay Area techie --> LA clients. My wife and I have been toying with the idea of moving out of the SF Bay Area to be in a lower COL area. Obviously Los Angeles isn't low cost of living, but it has areas that...
by davidsorensen32
Sun Feb 14, 2021 1:27 pm
Forum: Investing - Theory, News & General
Topic: first million [in your retirement portfolio]
Replies: 222
Views: 39435

Re: first million [in your retirement portfolio]

1) 37 2) 24 3) every cent was self-made. Had to pay lots of expenses for family members. Made lots and lots and lots of investing mistakes. Would have been $5M + by now but for these. No regrets. God is great. Thankful for what I have. 1) what age did you hit your first million in your retirement po...
by davidsorensen32
Tue Dec 08, 2020 9:32 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2399
Views: 285553

Re: Post your Financial Milestone Announcements Here

Thanks but for a perspective VTSAX went up 6x (17 --> 93 + dividends another 30% ) . So actually I did much worse than VTSAX. This was due to my stupid stubbornness of sticking to the Swensen model - REIT, International, Emerging market funds - all of which underperformed for years and years. C'est ...
by davidsorensen32
Tue Dec 08, 2020 9:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2399
Views: 285553

Re: Post your Financial Milestone Announcements Here

2001 - started working. Got laid off after 9/11. Took 6 months to get a job. 2002-2009: Lots of spending, lots of earnings. Wasn't serious about savings. Didn't fund a 401(k) , gambled with stocks and lost $$. Had a bond heavy portfolio. All stupid mistakes that got corrected by bogleheads once I fo...
by davidsorensen32
Fri Oct 23, 2020 2:30 am
Forum: Personal Consumer Issues
Topic: Squirrel Proofing a Bird Feeder
Replies: 107
Views: 3712

Squirrel proof bird feeder

[Thread merged into here --admin LadyGeek] Guys , I need your help - has anyone here got recommendations for a good squirrel proof bird feeder ???? Ive spent $1000 on all the best ones on amazon - with 5 star , 4.5 star reviews. I’ve tried flipper, tipper etc but the champion squirrels in my backya...
by davidsorensen32
Thu Oct 01, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: How well did you predict your income growth?
Replies: 52
Views: 4201

Re: How well did you predict your income growth?

Income growth was predictable. But net worth growth was totally unpredictable. Especially after compounding kicked in. For the older crowd here, once you were about a decade into your career, how well were you able to predict your future income, even just 5-10 years in the future? I think it's gener...
by davidsorensen32
Fri Sep 04, 2020 10:03 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 305
Views: 38514

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

No not surprising at all. SP500 excluded Berkshire Hathaway for 40 years !!!!!!!!! This probably won't be welcome news for Tesla holders. Tesla Didn’t Join the S&P 500, but Three Others Did https://www.barrons.com/articles/tesla-didnt-join-the-s-p-500-but-three-others-did-51599255574 Ouch. Down ...
by davidsorensen32
Thu Aug 27, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Whose being naughty and keeping some dry powder around?
Replies: 110
Views: 9575

Re: Whose being naughty and keeping some dry powder around?

I'm bored out of my mind doing nothing. How to get excitement ? In my experience, beginning investors have trouble staying the course at market lows, intermediate investors have trouble staying the course at market highs, and experienced investors just stay the course. Take from that what you will.
by davidsorensen32
Thu Aug 27, 2020 12:53 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2399
Views: 285553

Re: Post your Financial Milestone Announcements Here

2019 ended up increasing networth $1,500 per day of the year. Or about $1/minute between 1/1 and 12/31. Go figure ! Per: https://www.bogleheads.org/forum/viewtopic.php?p=4747066#p4747066 davidsorensen32 made approx $250K in about 0.6 months ( *presume it must be a mistake, he prolly meant 0.6 year !...
by davidsorensen32
Thu Aug 27, 2020 12:50 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2399
Views: 285553

Re: Post your Financial Milestone Announcements Here

No inheritance. No Tesla. No Bitcoin. No FANG. No FAANMG. No 100/0 or 90/10 AA. No leveraged ETFs. No HEDGEFUNDIE's portfolio. No MD/Surgeon income. No FANG RSUs. No desire or attempt to FIRE. Not pulling in all-nighters building the next world shattering unicorn. Nothing exotic at all. Simple VTSAX...
by davidsorensen32
Wed Aug 26, 2020 5:59 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2399
Views: 285553

Re: Post your Financial Milestone Announcements Here

So far this year my networth has increased $1,000 every day from 1/1 through today. How’s that for a milestone ?
by davidsorensen32
Wed Aug 19, 2020 10:27 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 25424

Re: The 0.5% Rule (SWR)

HomerJ wrote: Wed Aug 19, 2020 9:56 am Because you can never trust him again. Zero respect. He is hurting people at this point.
+1000000000
by davidsorensen32
Wed Aug 19, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: Advice to a Millennial about nest egg "Critical Mass"
Replies: 150
Views: 17996

Re: Advice to a Millennial about nest egg "Critical Mass"

Today's millennial couple can easily save $74,100 per annum if the couple just maxes out the various savings opportunities * 2 x 401(k) = $39,000 * 2 x 401(k) matches = $10,000 (assuming paltry 5% match) * 2 x Backdoor ROTH = $12,000 * HSA = $7,100 * 529 = $6,000 (@$500 per month) Total = ~$74,100 [...
by davidsorensen32
Tue Aug 18, 2020 7:14 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 25424

Re: The 0.5% Rule (SWR)

Oh no! not financial samurai again. He is an unemployed dude touting bad advice to hordes of unemployed to make money from Google Ads. His blogs are perfectly content free. I'm amazed we even have a thread on him. We're bogleheads not National Review.
by davidsorensen32
Wed Aug 12, 2020 11:58 am
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1514
Views: 753459

Re: A different approach to asset allocation

Earnings are 100% gamed by all S&P 500 companies. GAAP is highly misleading (even Buffett says this). Dividends can be gone in one fell swoop. Its completely based on whim of management. Lots and lots and lots of tremendously profitable companies with massive growth don't pay out a cent in divid...
by davidsorensen32
Wed Aug 05, 2020 1:30 am
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15923

Re: What happens if you run out of money in retirement?

You'll join the ranks of the 1M homeless in USA (and even more if you're in Asia or the 3rd world). Ask the homeless in the streets of silicon valley - they all have similar stories to tell. Hello. This is a rather simple question (maybe even a silly one?), but I've always wondered about it. Let's s...
by davidsorensen32
Wed Jul 15, 2020 1:03 am
Forum: Personal Consumer Issues
Topic: Coffee storage
Replies: 42
Views: 3517

Re: Coffee storage

where do you purchase the green beans from ? I recommend buying a Poppery II popcorn popper on eBay and using that to roast green coffee beans at home. Inexpensive world class coffees are 6-7 dollars a pound and home-roasted is always fresh, and smells heavenly. Only takes 8-12 minutes to roast enou...
by davidsorensen32
Sun Jul 12, 2020 1:06 pm
Forum: Personal Consumer Issues
Topic: Coffee storage
Replies: 42
Views: 3517

Coffee storage

Coffee gurus, whats the best way to store whole coffee beans after opening the pack store-bought pack ? I've tried very many appliances (bodum containers), layers of ziplocs, tight wrapping but nothing seems to stop the inevitable massive loss of smell and taste within just 1-2 days of opening a pac...
by davidsorensen32
Thu May 28, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 19017

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Bay Area resident and private school dad here so speaking from personal experience. Challenger and Stafford are hugely popular among Asian immigrants but I would advice you to stay away from them. I toured them extensively (multiple branches, multiple times) a few years ago when we were considering ...
by davidsorensen32
Fri May 22, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 40023

Re: The axe falls and I am prepared. What's next?

KF, sorry to hear about this. It sounds like you were employed with [company name deleted by moderator Flyer24] . They announced massive today with similar severance terms. Firstly, I would try to look for work. Part time, volunteer, any work in the area where you have experience. If nothing else, s...
by davidsorensen32
Wed May 13, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 8578

Re: Should you include home equity in Net Worth?

KlangFool wrote: Wed May 13, 2020 12:21 pm
In any case, we would see the financial destruction of "house poor" people soon enough. 30+ million unemployed and counting.

KlangFool
+1 . Fed keeps on bailing out so there are no repercussions . Wonder how long will Fed keep it up
by davidsorensen32
Mon Mar 09, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043042

Re: U.S. stocks in free fall

What is happening to the early retirement crowd ? Anyone keeping tabs ?
by davidsorensen32
Mon Dec 30, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 930
Views: 84868

Re: Talk me out of buying a Tesla Model 3

With all the options you're looking at $60k+ for a fully loaded Tesla 3. You can get a certified pre-owned Porsche for that much. Doesn't make any sense to spend money on Tesla. [UPDATE 10/31 - I bought the car. It's a done deal. FWIW, compromised and went with the non-Performance Long Range AWD mod...
by davidsorensen32
Mon Dec 30, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 603
Views: 153741

Re: If your net worth is over $3 million, how did you do it?

My story is really boring. 2 x W2 incomes in silicon valley - no FAANG, no stock options, no IPO, no house. Just investing in boring VTSAX both in 401(k), Roth and after-tax. New cars, private school, vacation, supporting extended family - we don't hold back and spend a lot every year. But the marke...
by davidsorensen32
Thu Dec 26, 2019 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 19694

Re: Job offer at FAANG for $350k

Ask yourself - How long can you last at this new job ? I personally know 17 people who joined this particular FAANG ( there is just one company that structures bonus like what you mentioned ) and quit within 1-2 years. Constant re-orgs, brutal micromanagement, predatory bosses, corrosive work cultur...
by davidsorensen32
Thu Nov 21, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance company pays less than 1/3rd of windshield damage
Replies: 18
Views: 1323

Auto insurance company pays less than 1/3rd of windshield damage

Fellow Bogleheads, seeking your wisdom in a very difficult situation. I'm the common man with an automobile and comprehensive auto insurance. Been with my current insurance company for 10years+. Recently my windshield got cracked from flying debris while I was driving to work - necessitating a winds...
by davidsorensen32
Wed Sep 18, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 23284
Views: 3043042

Re: U.S. stocks in free fall

Excellent decision. I sold mine 5+ years ago, after holding for a decade during which time I traveled extensively for business to many of these countries and realized that their economic systems were not built to benefit the investor. No tilt, no small cap, no REIT, no mid-cap, just VTSAX does the j...
by davidsorensen32
Fri Sep 13, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6683

Re: How many years for each $250k of net worth?

Took me 4 years in early 2000's to accumulate $250K. This year 0.6 months. YMMV. Is there a way to rough estimate how many years it takes to reach each $250k of net worth. Surely it gets shorter for each new set of 250 because of compound interest (snowball effect). It took me 7 years of full time w...
by davidsorensen32
Thu Sep 12, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area budget for $350k family income
Replies: 94
Views: 9057

Re: Bay Area budget for $350k family income

I am amazed at how many people get impressed by reading either completely obvious or completely inaccurate stuff - which this blog regurgitates regularly. Here are some real numbers Savings: 2x 401(k) = $38,000 2 x 401(k) match = $12,000 (probably more, just being conservative) 2 x backdoor Roth = $...
by davidsorensen32
Wed Sep 11, 2019 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

Wannaretireearly wrote: Wed Sep 11, 2019 10:15 am - take your time to find a great contractor
How do you find a great contractor ?
by davidsorensen32
Wed Sep 11, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

CA is a whole different world and sometimes if you don't just bite the bullet and buy, the opportunity just seems to get further and further from your reach. I've been chasing it for 20 years now. Some years ago, when my networth was $600K, Palo Alto houses were going for $1.2M. Now the same Palo A...
by davidsorensen32
Wed Sep 11, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

unclescrooge wrote: Wed Sep 11, 2019 9:52 am
If you go this route, use a reputed design and build firm. They will tell you what's reasonable within your budget.

Also check out Blu homes.
What are some of the reputed design and build firms in the Bay Area ?
by davidsorensen32
Wed Sep 11, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 815
Views: 126790

Re: Relationship mortgage discounts for moving a million assets

antmn wrote: Wed Sep 11, 2019 11:11 am HSBC is also worth trying. Are these rates for a 5/1ARM? Curious who you ended up with.
[ quote fixed by admin LadyGeek]

7/1
by davidsorensen32
Tue Sep 10, 2019 9:47 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 233
Views: 35616

Re: Rich people are hoarding cash

I don't understand this. Suppose all those rich people invested all of their hoarded cash in the market tomorrow. Guess what ? they will be receiving securities, but the sellers of those securities will be getting all of that cash. So, the cash outside of the market will be constant. It will simply ...
by davidsorensen32
Tue Sep 10, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 111
Views: 9621

Re: BofA ShopSafe going away

This truly sucks. Can't we write a letter - lets store it on google drive and share it with BofA or send emails to their head honchos ?
by davidsorensen32
Tue Sep 10, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

Fixer upper is an excellent suggestion thanks ! As it so happens there is one available and I am pondering whether to go after it. But I am a complete novice when it comes to building houses. And from what I understand general contractors in this area love to take gullible clients for a nice long hi...
by davidsorensen32
Tue Sep 10, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 815
Views: 126790

Re: Relationship mortgage discounts for moving a million assets

Here are the rates I'm getting. I will continue to update this as I get more info: WF : 2.625% (APR 3.560%) , closing costs $24,000 , potential for 0.5% reduction if I move $1M+ to their platform BofA: said they will match / slightly lower whatever WF says Citi: never returned my call with any mater...
by davidsorensen32
Tue Sep 10, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

unclescrooge wrote: Mon Sep 09, 2019 9:31 am
davidsorensen32 wrote: Mon Sep 09, 2019 12:34 am
What are the equivalent rents on both houses?
$6,000 for $1.7M home. No houses for rent in the $2.5M range.
by davidsorensen32
Tue Sep 10, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

What about kids and how do they play with your income assumptions? Can you do the 2.6MM? Sure. But you also lock yourself in longer to the hamster wheel of silicon valley. The 1.7M house will spring you free much sooner. Kids don't bring in any income so they have nothing to do with income assumpti...
by davidsorensen32
Tue Sep 10, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

The $2.6 million house seems a bit of a stretch at 7x annual salary and 35% of your pretax income. Is the mortgage for a 30-year term? If so, you will be paying mortgage until age 72. If you buy this house, will you be able to save 20-25% of gross income for retirement? If not, a lower priced house...
by davidsorensen32
Tue Sep 10, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

Re: [Yet Another] How much house can I afford ?

softwaregeek wrote: Mon Sep 09, 2019 1:46 am Based on the numbers you give, I assume you are getting something like a 10/1 ARM at 2.5%?
Thats right. I'll post more details of my rate purchase on the private relationships mortgage thread.
by davidsorensen32
Mon Sep 09, 2019 12:34 am
Forum: Personal Finance (Not Investing)
Topic: [Yet Another] How much house can I afford ?
Replies: 28
Views: 3579

[Yet Another] How much house can I afford ?

Bogleheads, I'm about to embark on the most significant financial decision of my life. Will really appreciate your opinion. Location: SF Bay Area. Age : 42/36 . Total income 380k . Stable jobs. NW $2.6M (even split between taxable and retirement) . Options * $1.7M house - very basic, not very desira...
by davidsorensen32
Fri Jul 12, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32935

Re: Americans believe they need $1.7 million, on average, to retire

Yet another meaningless survey. I don’t understand why reputed organizations keep pumping out these half truths. It would be much more meaningful and beneficial to publish a proper methodology for example like KlangFool writes from time to time $1.7 million to retire - gulp, I better start stocking ...
by davidsorensen32
Fri Jul 12, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: At What Age or Point in your Career did your investments start outweighing your regular paychecks?
Replies: 85
Views: 13052

Re: At What Age or Point in your Career did your investments start outweighing your regular paychecks?

It’s very much dependent on the vagaries of mr market

This year total appreciation so far : $500k+
Total projected comp : less than $500k

Not sure what conclusion to draw. Could be the other way around in the remainder of the year
by davidsorensen32
Tue May 28, 2019 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Unemployment OVER ! New job dilemma
Replies: 32
Views: 4200

Re: Unemployment OVER ! New job dilemma

Commute Job 1 - 3.5 hours each day Commute Job 2 - 3 hours each day Job 1 is non stop. there will be expectations for after hours work mostly for senior management. It is a high visibility, high responsibility role with high compensation and high changes of success or failure. What are the commute t...
by davidsorensen32
Tue May 28, 2019 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Unemployment OVER ! New job dilemma
Replies: 32
Views: 4200

Re: Unemployment OVER ! New job dilemma

Job2 is the answer for both questions. I thought about it a lot. But the $$$, responsibility of Job 1 is hard to ignore. Question 1: Taking everything into account (commute, job responsibilities, etc), which one would you look forward to going to the most? Question 2: Which job will give you the mos...
by davidsorensen32
Mon May 27, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment OVER ! New job dilemma
Replies: 32
Views: 4200

Re: Unemployment OVER ! New job dilemma

Great question. I'm early 40s. Asset base is big enough that 4% withdrawal + spouse salary = annual expenses. One HUGE concern is that I don't own a house. I question myself if I'll ever be able to afford a house in the Bay Area - so Job2 definitely helps. Benefits, vacation, office culture at both ...
by davidsorensen32
Mon May 27, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment OVER ! New job dilemma
Replies: 32
Views: 4200

Re: Unemployment OVER ! New job dilemma

I attribute that to Megacorp's unwillingness to pay my market value, and my unwillingness to push too hard since I thought getting experience in the "hot new tech" would pay off in the medium term. Megacorp is in a world of their own. Lots of lifers and old-timers here with 20,30 years of ...