Search found 204 matches

by BrooklynInvest
Thu Jun 04, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of utilizing mortgage deferral
Replies: 49
Views: 1976

Re: Pros/cons of utilizing mortgage deferral

The benefit of conserving cash should be weighed against the risk of faulty execution of this program to your detriment. Couldn't agree more. The benefit of this program is dependent on effective integration between the government, lenders and end clients. Opinions will differ on how well this will...
by BrooklynInvest
Wed Jun 03, 2020 11:53 am
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 113
Views: 6526

Re: Does every one here only have 3 funds in their portfolios?

- Old positions purchased before adopting the 3 fund portfolio that aren't a big deal to keep and would be expensive to sell This is what prevents me from saying I have a 1 fund portfolio (60-40 low cost indexes at different 401k providers count as 1!) I bought different large cap index ETFs earlie...
by BrooklynInvest
Wed Jun 03, 2020 11:04 am
Forum: Personal Investments
Topic: Investment with no capital gains or dividends?
Replies: 19
Views: 1596

Re: Investment with no capital gains or dividends?

Why couldn't you invest in a group of non-dividend-paying stocks and hold 'em? You'd pay gains eventually but you'd control the timing. The concentration risk might be significant and a larger cost than the taxes 'cause the no dividend filter would skew the names but wouldn't that solve your problem...
by BrooklynInvest
Sat May 30, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Why is the stock market up? [thread multi-merge]
Replies: 315
Views: 16556

Re: 40m Unemployment Claims - I Don’t Understand Why Markets Seem To Not Care

Stocks are rising because of the implicit backstop by the fed. Without them saying so directly, it seems clear that "unlimited" monetary resources will be deployed in case of significant market trouble. This removes a big chunk of risk of holding stock (or at least, the risk is perceived to be remo...
by BrooklynInvest
Thu May 28, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 122
Views: 8089

Re: 16 Weeks Paternity Leave

Take the leave. Don't think twice. The first time the little tike rolls over and you're there to see it all doubts will fade.

Buy your co-workers a small thank you present for covering for you if you feel compelled.

Best of luck to you and the family!
by BrooklynInvest
Tue May 26, 2020 3:18 pm
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2205

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

LOOOOVE the idea of a road trip. Have gone cross country by motorcycle a few times now and they've been some of the best times of my life. Couple of suggestions - Don't overdo it. I've scheduled long ride days and regretted it. The problem is that there's always things to look at/photograph and with...
by BrooklynInvest
Mon May 25, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 48
Views: 5089

Re: Customer hasn't paid me not worth cost of lawyer but...

I'll be a contrarian.

In the middle of a global pandemic it's not likely someone's gonna go to a closed office just to pay a single invoice. My suggestion, especially if there's opportunity for repeat business, give 'em a little slack until the office reopens.

Best of luck.
by BrooklynInvest
Fri May 22, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5466
Views: 1351996

Re: What Movie Have You Recently Watched?

joe8d wrote:
Thu Apr 30, 2020 8:23 pm
" Peanut Butter Falcon". A heart warming story.
Yeah, heart warming is right. Rented it on a whim but was better than expected.
by BrooklynInvest
Wed May 20, 2020 8:07 am
Forum: Personal Consumer Issues
Topic: Tea supplier comparison
Replies: 72
Views: 5306

Re: Tea supplier comparison

Born and raised in England so I feel qualified too answer with some degree of authority ;-)

In our house the brand of choice is Yorkshire Tea, available on Amazon. Strong, flavorful and uncomplicated. Their decaf aint bad.
by BrooklynInvest
Fri May 15, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12100

Re: Selling home - low ball negotiation

As others have said, brokers maximize their compensation with a fast sale. The market is a big fat unknown. The inspection I think is a requirement for a mortgage, or is in my neck of the woods. But what you do with any findings is up to you as long as the basic requirements of safety are met, no? M...
by BrooklynInvest
Wed May 13, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7619

Re: Should you include home equity in Net Worth?

Say I have an extra $50 in my pocket at the end of the month... If I invest it in my Vanguard 60-40 fund the $50 is added to my net worth If I use it to pay down my mortgage it should also be added to net worth Granted, not sure what I do with this number but I think it went up by $50 in both cases
by BrooklynInvest
Sat May 09, 2020 12:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5466
Views: 1351996

Re: What Movie Have You Recently Watched?

The Company Men. Description: A young executive at a shipping and manufacturing conglomerate, Bobby Walker (Ben Affleck) is on the fast track to the top. He is a rising star at work and has all the material trappings of success. Then his company goes through a few rounds of layoffs, so Bobby and co...
by BrooklynInvest
Sat May 09, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9759

Re: How Do Early Retirees Pay for Medical

ACA subsidies are one thing for early retirees to ponder. To me the bigger concern are the protections against allowing insurers to discriminate against people with preexisting conditions. If these protections go away and my insurer can legally drop me after I develop a preexisting condition then I'...
by BrooklynInvest
Tue May 05, 2020 2:15 pm
Forum: Investing - Theory, News & General
Topic: Why doesn’t Jim Cramer start a fund?
Replies: 26
Views: 3175

Re: Why doesn’t Jim Cramer start a fund?

He did.

It went under, taking his money and his family's money with it. Hence his current career in entertainment.
by BrooklynInvest
Tue May 05, 2020 1:12 pm
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11159

Re: All my friends are outperforming index funds

When I was a little kid I remember my grandad would put money on the horse races.

I remember being amazed that he won all the time 'cause every Saturday when I saw him he'd tell me what races he won and regale me with tales of the long shots that came in.

See the problem?
by BrooklynInvest
Wed Apr 29, 2020 9:07 am
Forum: Personal Investments
Topic: Leaving Edward Jones is there a better or worse time
Replies: 35
Views: 1947

Re: Leaving Edward Jones is there a better or worse time

Have been with Vanguard for decades so certainly not an expert - If the specific funds you're in are also on a low fee "direct" platform like Schwabb couldn't you transfer there in kind more quickly with no time out of the market, then once you've eliminated the advisor and their layer of fees, sell...
by BrooklynInvest
Sun Apr 26, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: The Bottom Line on Factor Investing
Replies: 290
Views: 12601

Re: The Bottom Line on Factor Investing

I can't articulate the difference between past factor outperformance and, admittedly sophisticated, backtesting so I go with Buffett's doctrine of "If I don't understand it I don't invest in it."
by BrooklynInvest
Sat Apr 25, 2020 9:50 am
Forum: Personal Consumer Issues
Topic: Best Way to Watch British Mystery Shows
Replies: 59
Views: 4142

Re: Best Way to Watch British Mystery Shows

Great question. We do Acorn via Amazon Prime for I think $5 a month. Favorites: Classics - Prime Suspect - best. ever. Morse, Lewis - bit less gritty than Prime Suspect but required viewing for every brit-mystery fan Bit more recent - Endeavor Happy Valley - superb Vera - the accents can be tough Ge...
by BrooklynInvest
Wed Jan 15, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: Greek Islands, during late March
Replies: 21
Views: 2191

Re: Greek Islands, during late March

Love it. A few things - The ferries don't run a full schedule until late April so island hopping, while not impossible, might just need to be scheduled tightly We last went in late April and the weather was beautiful during the day and cool at night. Not unpleasantly so. The ocean was warm enough to...
by BrooklynInvest
Sun Nov 24, 2019 6:09 pm
Forum: Personal Consumer Issues
Topic: Copy music CD to USB Flash Drive on Mac?
Replies: 19
Views: 1829

Re: Copy music CD to USB Flash Drive on Mac?

Don't know if my experience is typical but had same problem with my bike's system - Don't forget to set iTunes to create an MP3. A one time setting and use format for drive that's accepted by the car's OS.

1. Attach the CD

2. Import to iTunes as MP3

3. Copy onto drive
by BrooklynInvest
Wed Nov 06, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 127
Views: 14408

Re: Finances in NYC

Congratulations on the opportunity OP. Some observations. I'm a longtime New Yorker so biased, but here's the rub - New York is like nowhere else. Even if it's not your thing long term it might just be a great experience for you to tell the grandkids about one day. The crowds and noise aren't for ev...
by BrooklynInvest
Sun Sep 08, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: Anyone with any experience with Warby Parker eyeglasses?
Replies: 37
Views: 3991

Re: Anyone with any experience with Warby Parker eyeglasses?

Been a Warby fan for 6-7 years, wear 'em exclusively.

Like the product and how they operate.
by BrooklynInvest
Sun Aug 18, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Yet one more mortgage vs investing - ARM and tax situation
Replies: 11
Views: 1283

Re: Yet one more mortgage vs investing - ARM and tax situation

So you're paying 3% give or take for at least the next 4 years and paying down about $15k on currency $175 in mortgage debt? RSUs are a significant portion of your portfolio and may warrant trimming. Me, if the gain on the company stock was small I'd sell some and pay down the mortgage a bit more. E...
by BrooklynInvest
Sat Aug 17, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9266

Re: Taking a break in your 50s: Is it the kiss of death?

This is a great question. Am of similar age and in similar situation but not able to retire for a couple of years at least. As I get older my career has plateaued and I think that's made me less able to deal with the increasing nastiness that's part of my megacorp gig. My complication is we have a b...
by BrooklynInvest
Fri Aug 09, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Silicon Valley Interview Attire
Replies: 30
Views: 3144

Re: Silicon Valley Interview Attire

Even if the attire is "casual", you should still be the best dressed person in the office. So, the more business like of the recommendations above should be considered the minimum standard. This. While even my corporate gig is ultra-casual these days, it's important not to confuse daily dress code ...
by BrooklynInvest
Sun Jul 21, 2019 3:37 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 96
Views: 16331

Re: A little discouraged with earnings, is it really this slow?

If you've saved about $100,000 by 25 you're about $98,000 farther ahead of me at the same age.
by BrooklynInvest
Fri Jul 12, 2019 9:37 am
Forum: Investing - Theory, News & General
Topic: Three most important elements of investment success
Replies: 67
Views: 7198

Re: Three most important elements of investment success

1) Spend below your means and save the excess. 2) Take full advantage of tax savings by using tax-deferred and tax-free accounts. 3) Invest in a very simple portfolio of broad market index funds using an allocation you can stick with. I would also add.. um...nope. Nothing to add. This is it. Simple...
by BrooklynInvest
Fri Jul 12, 2019 7:14 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3696

Re: Should I Buy a Motorcycle?

Fiscally... prudent rider here. A few suggestions but first, congratulations on getting to a good place! 1. If you're a new rider (and you may not be), strongly suggest getting your license through a new rider course over a weekend. Learn more than the basics. A used first bike is a good idea to see...
by BrooklynInvest
Mon Jul 01, 2019 7:00 pm
Forum: Investing - Theory, News & General
Topic: Hussman predictions..
Replies: 17
Views: 2333

Re: Hussman predictions..

It's not my line but maybe it applies here -

"That guy's successfully called 17 of the last 5 recessions."
by BrooklynInvest
Sat Jun 29, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1931
Views: 208763

Re: [What TV Show Have You Recently Watched?]

Bosch: Excellent LA noire. Well written/acted and great characters. And as others have said, the books by Connelly are page turners Killing Eve: Gripping and crazy Endeavor: Prequel to the classic Brit mystery Morse. 1-2 earlier episodes were less engaging but overall great stuff Unforgotten: Contem...
by BrooklynInvest
Sat Jun 29, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house for Mom - Pros, cons, pitfalls?.
Replies: 55
Views: 3991

Re: Buying a house for Mom - Pros, cons, pitfalls?.

If she goers in assisted living her assets may have to be liquidated, no? My guess is that would have an impact although as a creditor you probably get paid back at some point. If this level of entanglement and complexity isn't needed perhaps prudent to avoid and just help MIL financially with a nic...
by BrooklynInvest
Sat Jun 29, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 5136

Re: Am I falling into the trap of judging everything through cost lens?

renue74 wrote:
Tue Jun 25, 2019 12:46 pm
Continue to judge through the cost lens, but occasionally, "Treat yo self." The occasional splurge won't kill you.
This. I'm still fiscally... prudent and look carefully at cost, but not 365 days a year. Probably around 350 and falling ;-)
by BrooklynInvest
Sat Jun 29, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4786

Re: New Landlord Here! Your Top Tips to include in a Lease?

No smoking, sublets or airBNB-type stuff

With a dog I'd ask for additional deposit but my one tenants with dogs left the place spotless.

Good luck!
by BrooklynInvest
Sat Jun 29, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Relocate to Seattle or NYC
Replies: 132
Views: 8013

Re: Relocate to Seattle or NYC

Some of the anti-NY comments are truly fascinating. Have lived here 25 years and my experience has been incredible. My neighborhood has great people, top notch schools, restaurants that run the price gamut, lacks rats, graffiti, noise, "price gouging" (although I'm not entirely sure what that is in ...
by BrooklynInvest
Sat Jun 15, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 16103

Re: I'm thinking about buying a supercar anyone here done this and feedback?

Just saw a BMW i8 - kinda cool and, I think, great performance from hybrid engine?
by BrooklynInvest
Thu May 30, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 6211

Re: Jim Cramer

Jim Cramer ran a hedge fund in the 90s I believe. It became insolvent of course taking his and his families' money with it... and I'm sure some other people's. After this failure he decided to reinvent himself as a reality TV version of what some people unfortunately think a successful investor look...
by BrooklynInvest
Tue May 28, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 16219

Re: Can we afford to pay for our kid's college (at all)?

Community College for a year? I did a year out of sheer financial hardship. Saved a buncha money. Wasn't the best experience socially but nothing I could do about it. All worked out. Kid takes some classes that transfer An opportunity for him to get his grades up - or for you to learn that he's not ...
by BrooklynInvest
Wed May 22, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 15497

Re: Should I encourage my kids to work in high school/college?

Working at a young age taught me the value of money It motivated me to do better, and still does It allowed me to meet and socialize with people from all different walks of life It enabled me to pay my own way and build independence Different people take different paths to be sure but I wouldn't tra...
by BrooklynInvest
Sat May 11, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Best month to visit London?
Replies: 40
Views: 3481

Re: Best month to visit London?

My favorite month to visit is September. After the kids are back at school, weather can still be warm.

Have a great time!
by BrooklynInvest
Thu May 09, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-existing condition + insurance in retirement
Replies: 13
Views: 1521

Re: Pre-existing condition + insurance in retirement

A great question. My planned early retirement (in three years) is unfortunately pre-existing condition dependent. My corporate insurance, while expensive ensures my wife's preexisting conditions are covered. This in turn allows her to run a successful small business but without guaranteed coverage e...
by BrooklynInvest
Sat May 04, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Share Buybacks — Savior of the U.S. Equity Market?
Replies: 58
Views: 4909

Re: Share Buybacks — Savior of the U.S. Equity Market?

I'm shocked, SHOCKED that a firm that makes billions (with a B) a year on investment banking would claim that share buybacks are so beneficial.
by BrooklynInvest
Sat May 04, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2790

Re: Rotational Program at MegaCorp for college grad hires

I work in a mega corp and have had dozens of rotational analysts on my team over the years. I would certainly not draw the same conclusions you have. The fact that they rotate is the entire point. The rotation across business functions is deliberately structured as a program and gives these highly q...
by BrooklynInvest
Sat May 04, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 129
Views: 28955

Re: How and when did you do it - to get to 1 Million

How did I get to a million? "Slowly, and then all at once." Tried to save when I was young and life threw a few curve balls. Then things came together. Three key lessons for me - 1. I now ignore the noise entirely, and there's a lot of noise. A simple portfolio is the best portfolio and people on TV...
by BrooklynInvest
Sun Apr 28, 2019 8:05 am
Forum: Personal Investments
Topic: Investing in a Broadway show production
Replies: 38
Views: 3961

Re: Investing in a Broadway show production

There's an old joke -

How do you get a million dollars producing on broadway?

First, get 10 million dollars...
by BrooklynInvest
Sun Apr 28, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: understanding Swedroe on total mkt fund having "no net exposure"?
Replies: 35
Views: 3111

Re: understanding Swedroe on total mkt fund having "no net exposure"?

pdavi21 wrote:
Sun Apr 28, 2019 1:04 am
The real problem with total market is that it lacks exposure to luck and selective backtesting (the two most important factors).
This.

But isn't saying TSM is factor neutral a tautology? Factors apply relative to a benchmark of some kind? So in TSM every factor offsets
by BrooklynInvest
Mon Apr 22, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 2328

Re: First Time Home Buyer Tips

1. Check the neighborhood and street at different times

2. Try and remove emotion... yeah, I know.

3. Stuff's gonna break and go wrong. it's fixable

Good luck!
by BrooklynInvest
Fri Apr 19, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 8770

Re: I’m a Loser Stuck in a Dead End Job

At your age my net worth was negative, I was recently divorced, struggling with a problematic boss and drinking too much. I can understand your feeling like a loser, but your assessment of the situation isn't accurate my friend. You're doing well and will do better. People take different paths. Mine...
by BrooklynInvest
Wed Apr 10, 2019 9:32 pm
Forum: Personal Consumer Issues
Topic: If you have a serious health problem, do you retire or?
Replies: 50
Views: 7181

Re: If you have a serious health problem, do you retire or?

In this awful scenario I work 'til I die since my family's on my corporate plan. Crappy though it may be.

I couldn't live with the thought that my preexisting condition might one day become an excuse to deny my coverage, leaving my family bankrupt.
by BrooklynInvest
Sat Mar 30, 2019 9:50 am
Forum: Personal Consumer Issues
Topic: Want to see a concert! Ideas?
Replies: 50
Views: 3169

Re: Want to see a concert! Ideas?

Of the more mainstream "big" acts we've seen of late, Billy Joel and ELO were a lot of fun and great musicianship. Glad I got to see 'em before they hang it up.
by BrooklynInvest
Mon Mar 18, 2019 8:20 pm
Forum: Personal Consumer Issues
Topic: Uber fraud - what to do?
Replies: 28
Views: 3845

Uber fraud - what to do?

Short version - Instead of the $25 our 15 minute ride to Miami airport was supposed to cost, my credit card was instead charged $570 for an alleged 8-hour ride up and down the coast of Florida with a driver with a perfect and perhaps suspect 5.0 rating. Go figure. CC co cancelled the charge and issu...