Search found 17 matches

by EngineerEd
Mon Jun 04, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 7297

Re: Career Move: Please convince me why I should not work in tech

You are asking the right questions, but not all of them. Also, we need more info. 1. Data Science is not tech, I think he's (the OP) only considering working as a data scientist at a "tier 1" tech company (so... FAANG and a few others from what I gathered?). So he's effectively thinking big tech co...
by EngineerEd
Fri May 25, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Paul Merriman's Portfolio
Replies: 71
Views: 20297

Re: Thoughts on Paul Merriman's Portfolio

I started my investing career 5 years ago approximating his ultimate buy and hold as well as I could with Vanguard ETFs in my Roth IRA. Eventually I found it frustrating to have leftover money from ETFs (can only buy whole shares of ETFs except on dividend reinvestments), as well as the difficulty o...
by EngineerEd
Mon Apr 02, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 7297

Re: Career Move: Please convince me why I should not work in tech

Not sure what you are doing now but outsourcing is a huge problem for tech at the type of companies you are describing. I would avoid that at all costs or completely understand it. You will probably have many jobs as tech is no longer controlled by tech people but by finance people. What would you ...
by EngineerEd
Tue Feb 13, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)
Replies: 2
Views: 356

Withdraw from Roth IRA to contribute to TIRA now? (potential income limit tax issues)

Hi all, I have been investing at regular intervals (every month) into my Roth IRA since starting work almost 2 years ago. However it dawned upon me recently that I may run into the income limit for Roth IRA this year (TY2018, $120K linear phase out to $135K). I am not completely sure that I will hit...
by EngineerEd
Wed Feb 01, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is there any reason for me to invest in taxable accounts yet?
Replies: 9
Views: 1264

Is there any reason for me to invest in taxable accounts yet?

Just wanted to make sure I'm on the right track here with my finances. I just started my first full-time job this past summer (graduated last year). Here's my current situation: Emergency funds: ~$3000 in Ally online savings, this is rapidly increasing (because rent is expensive in DC metro area), w...
by EngineerEd
Thu Oct 27, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Engineering to Finance (CFA, CFP)
Replies: 34
Views: 3153

Re: Engineering to Finance (CFA, CFP)

It's not an illusion. CFAs make a ton of money in the right roles (ie investment banking). carorun, We could make the same statement for any area. Above average CFA makes a lot of money. Ditto for above average engineer. KlangFool "Above average engineers" make a lot of money? I'd like to see the s...
by EngineerEd
Thu Dec 17, 2015 3:48 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 374
Views: 47842

Re: Flaunt Your High-Mileage Car

2005 Honda Accord LX I4-5MT, 229k miles 3rd owner, bought for ~$2500 @215k miles. Learned stick on the car, commuted for my summer job on the car, went on 1000+ mile road trips on the car. Coming from a family of (automatic 4 cylinder) Toyotas it's a ball to drive. Craziest thing is how much of a no...
by EngineerEd
Thu Dec 10, 2015 2:34 am
Forum: Personal Consumer Issues
Topic: 1999 Honda Civic, 200K miles --- buy a new 2016 Civic?
Replies: 75
Views: 10095

Re: How to save $715,600.88

Nathan: I went to Edmonds to learn how much it costs to own a new 2015 Civic and a new 2015 Accord, each with 15,000 miles and held for 5 years. Edmonds estimates the Civic 5-year cost to own is $25,618 and the Accord $37,931. The difference is $12,313 or $205/month (rounded). Assuming you invest $...
by EngineerEd
Sun Aug 23, 2015 2:57 pm
Forum: Personal Consumer Issues
Topic: Cheaper car for someone who enjoys cars?
Replies: 63
Views: 10983

Re: Cheaper car for someone who enjoys cars?

Miata is always the answer? :D Since you're in the Boston area though, a super light RWD convertible might not be best though. FWD/AWD hot hatches might work though (GTI, Golf R, Focus/Fiesta ST). Also something like a Subaru WRX (STI?) is AWD and has some practicality that none of the above have, w...
by EngineerEd
Wed May 20, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 18944

Re: How much can I spend on a car?

^ There are those of us weirdos who do enjoy a good negotiation. I spent the better part of a half day haggling over the price of my car and got all kinds of perks because of it. Free lunch, free oil changes, not to mention a couple hundred off here and a couple hundred off there, which resulted in...
by EngineerEd
Thu Oct 02, 2014 12:58 am
Forum: Personal Consumer Issues
Topic: Where to start work as an engineering major?
Replies: 32
Views: 4126

Re: Where to start work as an engineering major?

My main question is: when do I start looking to opt-out of engineering? Based on this question, I'd say immediately. If you don't want to do engineering, why waste your time and money - or maybe your parent's money. You seem to be very career/money motivated. Engineering is not the right place for ...
by EngineerEd
Tue Sep 30, 2014 11:36 pm
Forum: Personal Consumer Issues
Topic: Where to start work as an engineering major?
Replies: 32
Views: 4126

Re: Where to start work as an engineering major?

Thanks a lot for all the replies so far! I guess since this site doesn't have a multi-quote function, I'll just reply to points which are brought up multiple times or that I found interesting. This will probably end up being a long post. _________ I definitely will start looking around for older eng...
by EngineerEd
Mon Sep 29, 2014 12:26 am
Forum: Personal Consumer Issues
Topic: Where to start work as an engineering major?
Replies: 32
Views: 4126

Where to start work as an engineering major?

Quick background on myself and the context of this question: I am a senior at a top engineering school (top 10 in engineering) studying materials science and engineering (also a top 10 program). I don't like to boast or brag about the strength of my school at engineering, I only mention it to give c...
by EngineerEd
Tue Apr 22, 2014 10:26 pm
Forum: Investing - Theory, News & General
Topic: Does Asset Allocation beat the S&P 500?
Replies: 75
Views: 9597

Re: Does Asset Allocation beat the S&P 500?

Why not just put all your money into vanguard small cap growth? It's outperformed the S&P500 index handily. Blue = VISGX Vanguard Small Cap Growth index Investor Orange = VFINX Vanguard 500 Index Investor http://globalquote.morningstar.com/globalcomponent/GenerateFundChart.ashx?chart=quote&w=955&h=2...
by EngineerEd
Mon Mar 31, 2014 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Being older/younger in class -- benefits, issues?
Replies: 114
Views: 15163

Re: Being older/younger in class -- benefits, issues?

If given the choice with a relatively late birthday (March-August) I am on the side of holding back (starting first grade at age 7, kindergarten at age 6, etc.). I am still young (21) so keep that in mind. I am a March birthday and prior to probably Freshman year of college I always was of the train...
by EngineerEd
Fri Mar 21, 2014 2:26 am
Forum: Personal Finance (Not Investing)
Topic: advice requested from engineers
Replies: 85
Views: 6718

Re: advice requested from engineers

Re: CMU Computer Science. Is it worth 40k/year extra? Hard to say. I can tell you that the average salary for entry level ranges around 96-100k per year. Supposing that you can maintain above even a 3.0 GPA it's not particularly hard to get internships for the summer after sophomore year either. Abo...
by EngineerEd
Tue Aug 06, 2013 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Tilted Portfolio review for new investor
Replies: 5
Views: 787

Tilted Portfolio review for new investor

Hi, My name is Edward and I'm currently 20 years old and studying material science and engineering in college. I just finished my summer job/internship and have started investing money through vanguard etfs. After a decent amount of research I decided to make a slice and dice portfolio tilted toward...