Search found 170 matches

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: 13248

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: 5464

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: 14653

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: 204
Views: 11332

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: 3097

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: 1390

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: 4162

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: 2309

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: 130
Views: 27373

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: 3562

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: 2831

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: 2061

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: 8016

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: 6388

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: 2603

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: 3568

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...
by BrooklynInvest
Tue Feb 26, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: Staying in Brooklyn- Recommendations
Replies: 18
Views: 1029

Re: Staying in Brooklyn- Recommendations

Long time Brooklyner here. Tons of great neighborhoods obviously. For a short stay, Brooklyn Heights and Cobble Hill would be my suggestions. Very easy commute to the city (5 minutes from Brooklyn Heights to downtown Manhattan). The view from the Promenade is special, tons of fun local restaurants t...
by BrooklynInvest
Sun Feb 24, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2199
Views: 161350

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

I don't get this at all but there's a lot that's well over my head. Backtesting embeds 30 years of great bond returns but am pretty sure rates aint gonna drop another 1,500 bps from here. Does the drag of borrowing costs and bond returns approximating 10 year yields wreck this whole hypothesis or no...
by BrooklynInvest
Mon Feb 18, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1302
Views: 131918

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

Bodyguard: The BBC series on Netflix - really good

Russian Doll - hmmm. Gonna see if to gets better

Sopranos: Wife's never seen so we're going through the series. Like a fine wine . .
by BrooklynInvest
Fri Feb 15, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Refurbished Nikon D750 + AF-S 24-120mm f/4G Nikkor VR lens
Replies: 37
Views: 1655

Re: Refurbished Nikon D750 + AF-S 24-120mm f/4G Nikkor VR lens

I have the 24-120 and it's my current "I'm only carrying one lens" lens. It's now attached to a Z7 'cause I'm done carrying big cameras (the D80 is a backup. I should have probably traded it in). At some point I'll switch to a Z series lens but need to save some money first. The 24-70 F4 is pretty c...
by BrooklynInvest
Sun Feb 10, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5732

Re: 2 years in community college, then transfer? need opinion please

I did this for a year. Took a heavy load at a community college for one year and transferred for the last three. Most of my credits transferred but that was largely on me - I should've done more due diligence. CC was very different. I didn't have the money to go away for four years so wasn't an opti...
by BrooklynInvest
Sat Feb 09, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 2199
Views: 161350

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

Sorry, may have missed it - Is the cost of levering at 3x only 1%? How does that work? And can I borrow cash at that rate 'cause I'd like to pay off my mortgage... My main question with risk parity investing in general is that we're balancing past risk, no? Any strategy that emphasized bonds would h...
by BrooklynInvest
Sat Feb 09, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Job Offer with a Big Move
Replies: 13
Views: 1723

Re: Sanity Check on Job Offer with a Big Move

I moved from the east coast to the west for a job a few years ago. I didn't like it and came back after a year. BUT . . . not for one second do I regret the experience. I explored a different part of the country, met new people, learned and grew professionally and rode my motorcycle for miles throug...
by BrooklynInvest
Wed Jan 16, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: The Worth Of A Man: A Tribute To John C. Bogle
Replies: 45
Views: 5968

Re: The Worth Of A Man: A Tribute To John C. Bogle

A great article Rick - thank you. Am deeply saddened by his loss but eternally grateful for his contribution to society and my account balance. A titan. Was trying to think about what I could do in his honor and I'm gonna drink a good glass of my (moderately) expensive bourbon while making an additi...
by BrooklynInvest
Sun Jan 13, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5425

Re: Took on too much mortgage, seeking advice on where to put money going forward

OP, Sounds familiar. Many years ago I was in your age and in similar condition. Some suggestions - 1. Don't worry. As long as you're contributing to 401k, not racking up credit card bills, making your payments AND having some fun, don't see anything to lose sleep over 2. But set yourself a target an...
by BrooklynInvest
Sun Jan 13, 2019 6:36 pm
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2708

Re: Real estate as part of overall investment plan

Guess I'm a small scale RE investor - have a 2-family house in HCOL area. Overall it's been great and worked out as an investment. Pros - Cash flow is about a fifth of total income Allowed me to buy the space I wanted in the location I wanted My tenants are below me Cons - It's double the household ...
by BrooklynInvest
Sun Jan 13, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: pros and cons of target date funds?
Replies: 71
Views: 9993

Re: pros and cons of target date funds?

I'm a convert to TDF. As I got closer to retirement I slowly allocated from very high equity exposure to a TDF that's aligned to when I need to make RMDs rather than actual retirement date. With hindsight would have been simpler to have TDF augmented with allocation to S&P index (given my risk toler...
by BrooklynInvest
Sat Jan 12, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 22642

Re: Millionaire by 40 and How you Did it?

1. Got lucky by making major financial mistakes (divorce, tech stocks) early and recovered 2. Worked hard, got an MBA at night, maximized opportunities for salary increases 3. Invested prudently and improved knowledge over time 4. Got lucky and bought real estate in Brooklyn 5. Got lucky and didn't ...
by BrooklynInvest
Sat Jan 12, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on secular donations & time donations
Replies: 22
Views: 1276

Re: Suggestions on secular donations & time donations

I donate to the Osborne Association.

They have a number of programs that help the families of people that are incarcerated. Including funding and organizing visits for their children who, through no fault of their own, face challenges and difficulty.
by BrooklynInvest
Mon Jan 07, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: 11 days in Europe...Budget and logistical advice please
Replies: 90
Views: 4941

Re: 11 days in Europe...Budget and logistical advice please

Jealous!!! Couple of suggestions - For that amount of time, could do 2-3 locations. Try the trains. Paris to London a doddle these days via the chunnel. Trains aren't cheap but the logistics are easier than airports (even though every major European airport has good transportation.) End of August co...
by BrooklynInvest
Sun Dec 23, 2018 10:12 am
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 11756

Re: My Christmas Present To You

Merry christmas Taylor - and thank you sir. We are all in your debt.
by BrooklynInvest
Sat Dec 15, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court
Replies: 190
Views: 14787

Re: Obamacare (ACA) Ruled Unconstitutional by Texas Federal Court

If you are responsible and are continuously covered by health insurance, as you should be, what is the concern about preexisting conditions? Can someone please explain? This is a good question. My guess is that confusion would ensue as this gets answered. . . perhaps 50 times. But plans are renewed...
by BrooklynInvest
Fri Dec 14, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5362

Re: Forgoing health insurance

There are almost no circumstances where I would voluntarily be without health insurance.
by BrooklynInvest
Tue Dec 11, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7522

Re: Article: Your love of index funds is terrible for our economy

"Index funds contribute to market melt-ups and meltdowns" How? Surely momentum trading does far more damage in this case? Even though index funds are massive, they're a small part of overall daily trading activity no? Index funds reduce the quality of stock analysis My mum told me that if I didn't ...
by BrooklynInvest
Tue Dec 11, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22726

Re: What percentage of your net worth is your home equity?

More than 60% of net worth.

I guess I bought too much house ;-)
by BrooklynInvest
Thu Dec 06, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6733

Re: Health insurance for FIRE

My concern isn't just the cost, it's that if insurers can go back to discriminating against people with preexisting conditions then we could wind up uncovered despite being nominally "insured." Hopefully things will stabilize in the next 3 years. We always have the option of moving to Europe but not...
by BrooklynInvest
Sun Dec 02, 2018 8:01 am
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5608

Re: Considering residential real estate investment

Landlording is an extra job. Question is whether you want an additional job that pays what it pays. I bought a 2-family home in a very HCOL area and my extra job has paid well, but there are times (difficult tenants, usual household maladies x2 etc) when it can feel otherwise.I have the benefit (?) ...
by BrooklynInvest
Sat Dec 01, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: United HealthCare
Replies: 27
Views: 2083

Re: United HealthCare

I have UHC. One of two terrible and expensive options my megacorp offers.

Their CEOs have historically been staggeringly well compensated, even by America standards. Based on my experience, I'd prefer more of that money going to, well, healthcare.
by BrooklynInvest
Sat Dec 01, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why did the bond market lose money this year
Replies: 39
Views: 3683

Re: Why did the bond market lose money this year

I'd think bond prices would fall if rates rise more than the market already expects them to rise. Investors will lose money if those capital losses are greater than the coupons they receive. BUT . . . the fun part about bond funds is that when/if coupons are reinvested, they're reinvested at higher ...
by BrooklynInvest
Sat Dec 01, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Stock Buybacks Don't Increase Share Prices
Replies: 33
Views: 2881

Re: Stock Buybacks Don't Increase Share Prices

Part of the reason that stock buybacks CAN increase stock price is qualitative no? If a company has $100 and spends it repurchasing stock it is in effect saying the stock is undervalued and that the best return on that $100 is within the firm itself. This signal, to the folks that do this kinda thin...
by BrooklynInvest
Wed Nov 28, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rent v. buy in NYC
Replies: 34
Views: 3783

Re: Rent v. buy in NYC

One additional point OP. Assume some semblance of gains over the long term on the property itself, say that keeps up with inflation for arguments sake. The challenge is that the maintenance increases. So the smaller the maintenance relative to the purchase price the better you might be gain-wise ove...
by BrooklynInvest
Wed Nov 28, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 6988

Re: Restaurant Budget

I'd echo what others have said. If you're maxing out 401k and such, have at it. That said, I did overdo things in this regard when I was your age. Wife and I were working long hours and unwinding with dinner and drinks out more often than we should. Today I don't economize when we go out BUT we do m...
by BrooklynInvest
Sat Nov 24, 2018 11:13 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5678

Re: What’s your “barometer” for luxury purchases?

My calculus for luxury purchases is this -

1. How long do I have to work to save (after tax) the amount in question?

2. If I'm cool with that I buy

So generally I don't buy too much ;-)
by BrooklynInvest
Sat Nov 17, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5628

Re: New job concerns

The first few months at a new job are when reputations are made. What do you want your reputation to be? "I really don't care 'cause the job bites" is a reasonable response, and one I've used, but if you either want or need this job then my only suggestion is to play the game. At a new role my defau...
by BrooklynInvest
Sun Nov 11, 2018 1:49 pm
Forum: US Chapters
Topic: Armistice Day - 100 years ago today, the ending of World War One
Replies: 10
Views: 847

Re: Armistice Day - 100 years ago today, the ending of World War One

For any history buffs, pictures of the letter and scroll that (British) families got from King George when they lost a loved one. My great grandfather was killed in France.

https://www.johnwilkens.nyc/random#1
by BrooklynInvest
Sat Nov 10, 2018 11:50 am
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 5197

Re: Do you prefer etfs or mutual funds?

I have absolutely no need for intra-day trading that ETFs allow for Tax advantages aren't a given with ETFs - they CAN be a bit more tax efficient in some instances (someone'll correct me if I'm wrong) Fees and expense ratios matter a lot to me - but only to a point. I tend to lose interest if we're...
by BrooklynInvest
Thu Nov 01, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6552

Re: Is an MBA worth it these days?

I did my MBA part time at a decent - not top tier - school for one reason - I needed a challenge Loved learning new stuff, loved the rigor and because I was at a boring job, it gave me something to focus on that I believe has helped my (marketing) career at times. Although it is very hard to put a d...
by BrooklynInvest
Wed Oct 31, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11605

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

It's a great question. For longer term employees, I've seen the middle path work for a while - Work in HCOL area, with higher salary, then once well-established telecommute from LCOL area. Salaries tend not to be adjusted. There is a real risk of being out of sight out of mind but might be worth con...
by BrooklynInvest
Mon Oct 22, 2018 7:05 am
Forum: Personal Consumer Issues
Topic: Quitting w/o notice
Replies: 132
Views: 9024

Re: Quitting w/o notice

Sorry for your troubles OP. Suggest:

1. Clean desk out
2. Give 2 weeks notice because it's in YOUR best interest
3. If they don't send you home, come in late and leave early for 10 days that will pass very quickly

Best of luck,
by BrooklynInvest
Sun Oct 21, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 36
Views: 2493

Re: Travelers Checks

I thought my mum was the last user of travelers checks on the planet! About 3 years ago she was visiting me in the US. She kindly insisted on paying for dinner (yay!) and tried to pay with a travelers check. The young server had neither seen one before nor even heard of them. Conveniently she didn't...