Search found 104 matches

by georgewall42
Wed Jan 16, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 7204

Re: A co-worker makes more than me

Most everyone is making this too complicated. The only relevant information is if the company has scale to squeeze the employee and continue operations. Don't forget, a company can also take labor cost savings of the previous employee and subsidize the labor cost of the new employee. OP has a few d...
by georgewall42
Wed Jan 16, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 7204

Re: A co-worker makes more than me

I do believe there are a number of variables that would dictate the chances of the OP's negotiation being successful: - How well the employee is perceived? Does she come in early and stay late? Does he always volunteer to help when the team is shorthanded? Does she complete her assignments in a time...
by georgewall42
Tue Jan 15, 2019 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 7204

Re: A co-worker makes more than me

As a manager, if one of my employees came up to me and said "I know Johnson makes 10% more than me, and I think I should be paid as much if not more than him", I would probably tell him to suck it up or utilize the exit door. If I really liked the person, I would probably be a bit more diplomatic ab...
by georgewall42
Tue Jan 15, 2019 5:44 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 3045

Re: School staff threatened to call social worker

The school is overreacting. I would ask for an audience with the superintendent's office and tell them that this trip is important for family reasons. Schools do not lose money by granting excused absences. It will be a bigger issue down the road, especially when your child enters middle school and ...
by georgewall42
Mon Jan 14, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Recent Engineering College Graduate can’t get job interviews, needs advice
Replies: 149
Views: 14032

Re: Recent Engineering College Graduate can’t get job interviews, needs advice

I can relay a first hand experience as a hiring manager in an engineering field. I was once doing on-campus interviewing for one of my previous employers at my old alma mater, a school that specialized in STEM fields. My employer had a 3.0 GPA cutoff for getting one of the on campus interviewing slo...
by georgewall42
Thu Jan 07, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: If all space heaters = 1500w max, then buy the cheapest one?
Replies: 25
Views: 3249

Re: If all space heaters = 1500w max, then buy the cheapest one?

With regards to safety: Yes, newer space heaters available today at your local Orange or Blue Box store will be safe. Many fires start from older space heaters that do not meet anything close to modern safety standards. Avoid used space heaters at all costs. Even newer ones can cause fires if used i...
by georgewall42
Thu Jan 07, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: When to leave day job
Replies: 38
Views: 5131

Re: When to leave day job

My apologies: I didn't mean to imply that you were unwilling to work more hours. What I was trying to say (quite poorly, I will admit), is that I'm personally skeptical that one can successfully run a business long term that nets roughly $200K a year while only investing 15-20 hours per week. Yes, a...
by georgewall42
Thu Jan 07, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: When to leave day job
Replies: 38
Views: 5131

Re: When to leave day job

A couple of thoughts that came to mind while reading this thread : 1.) To the OP: You have cited several good reasons for wanting to run your own business (being your own boss, doing something that you seem to like, etc.). But there is one bad reason, and that is your desire to limit your time to 15...
by georgewall42
Thu Jul 23, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Title Insurance for a new home?
Replies: 21
Views: 2537

Re: Title Insurance for a new home?

When you say or hear title insurance, you need to specify whether it's a lender's policy or owner's. If you're taking out a mortgage, you will have to pay lender's title insurance, which, as the name implies, protects the lender. And, if you refinance, you get to pay it again. Yes, you get to pay fo...
by georgewall42
Tue Jun 23, 2015 10:17 pm
Forum: Investing - Theory, News & General
Topic: Investor Gap vs. Zero Sum Game
Replies: 15
Views: 2496

Re: Investor Gap vs. Zero Sum Game

The stock market is not truly a zero sum game. In a true zero sum game, for each dollar that is made, one dollar is lost by someone else. Options work this way when they are held to expiration and then settled. The stock market, OTOH, goes up and down based on supply and demand, which is driven by i...
by georgewall42
Tue Jun 16, 2015 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Max travel time for work
Replies: 14
Views: 2853

Re: Max travel time for work

I've traveled a lot for work during my career. I can tell you that, like everything, there's pluses and minuses. One advantage is that I can work from home during my non-travel times. And I have weekends clear most of the time (I miss about 3 or 4 weekends a year). At the peak, I was away between 50...
by georgewall42
Fri Jan 16, 2015 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Getting deposed -- do I need to hire my own lawyer?
Replies: 47
Views: 8183

Re: Getting deposed -- do I need to hire my own lawyer?

Since you mention it's a patent issue, there is little to no chance that you, as a former employee of one of the parties, have any personal liability on the outcome of the case. You should double check your old employment agreement to be sure; if you lost it, you can always contact your old employer...
by georgewall42
Wed Jan 14, 2015 10:17 am
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 21318

Re: Accepting counter-offer to stay at job

Jumping in a little late, but wanted to add my own perspective. I've received and accepted and rejected counteroffers, and have offered counteroffers to my employees. First, ignore what you read on the web blogs. Most of the advice that says "Never accept counteroffers" comes from recruiters, who ha...
by georgewall42
Wed Jan 14, 2015 8:23 am
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 9235

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

Deflation usually starts due to some external event. In Japan, it was the collapse of the housing market. During the Great Depression, it was the overall collapse of industrial production (which, in turn, had a number of causes, some of which are still debated today). Deflation didn't cause either b...
by georgewall42
Fri Dec 12, 2014 12:35 pm
Forum: Investing - Theory, News & General
Topic: What's the correlation between REITs & Interst Rates?
Replies: 2
Views: 617

Re: What's the correlation between REITs & Interst Rates?

REIT's to some extent act as a both a bond and a stock. Due to their corporate structure, they pay a fairly high dividend yield, and so are sensitive to interest rate movements. Rising rates make REIT's less profitable, and also make their yield less attractive compared to other income producing inv...
by georgewall42
Fri Dec 12, 2014 7:43 am
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 122
Views: 16803

Re: Why don't YOU follow Buffett's advice?

Buffett's advice, or, more accurately, a one paragraph comment in a larger context, is something that's been repeated by many investment advisors through the years. The simple interpretation is inarguably the correct one: - Stocks typically are the riskiest investments short-term. Which means, over ...
by georgewall42
Wed Dec 10, 2014 7:07 am
Forum: Personal Investments
Topic: Employee Stock Purchase Plans - What are your thoughts?
Replies: 23
Views: 2375

Re: Employee Stock Purchase Plans - What are your thoughts?

If not for the 6 month holding period, it would be a no-brainer to participate. Even with the holding period, it's not a bad plan. Just need to be aware of the risks of holding the stock for that period; the money you put in the plan is at risk for potentially a substantial loss. If you can live wit...
by georgewall42
Wed Dec 10, 2014 7:04 am
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 25177

Re: What to do with VGPMX (Vanguard Precious Metals and Mini

So-called "gold funds" have been around for decades, but nearly all of them held stocks of gold miners. Holding bullion was never the goal of these funds, although most are allowed to hold some percentage in bullion. There are a lot of reasons why these funds don't hold much bullion: trading costs, ...
by georgewall42
Tue Dec 09, 2014 10:07 pm
Forum: Personal Investments
Topic: Is There An Actively Managed Fund Cheaper Than An Index Fund
Replies: 25
Views: 3098

Re: Is There An Actively Managed Fund Cheaper Than An Index

Berkshire is a company that issues stock that trades on public markets. It is therefore subject to single company risk, something few mutual funds are subject to. Also, the majority of the company's revenues are derived from its insurance business, which is an industry in its own right. Berkshire do...
by georgewall42
Tue Dec 09, 2014 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with profits: disagreements with partners
Replies: 9
Views: 1366

Re: What to do with profits: disagreements with partners

The partners do have a fiduciary duty to the business first. And if the the partners as a group feel that investing profits in the business it the best strategy, then that his what they are technically allowed (or some would say obligated) to do. And, yes, the bigger the stake, the bigger the benefi...
by georgewall42
Tue Dec 09, 2014 6:49 pm
Forum: Personal Investments
Topic: What to do with VGPMX (Vanguard Precious Metals and Mining)?
Replies: 131
Views: 25177

Re: What to do with VGPMX (Vanguard Precious Metals and Mini

You should take a close look as to what this fund invests in: the stocks of companies involved in the mining of precious metals, including but not limited to gold. Which means the fund is a stock fund concentrated in one particular industry sector. There are a number of factors that affect the perfo...
by georgewall42
Mon Dec 08, 2014 11:38 pm
Forum: Personal Consumer Issues
Topic: Buying a Low Supply Hight Demand Car
Replies: 26
Views: 4222

Re: Buying a Low Supply Hight Demand Car

If you expand you're search radius enough, there's a chance that you'll find a car sitting on a dealer lot for a couple of weeks. I stumbled upon one a number of years ago when I wanted a hot sports car in an earlier life. Cars of this model were selling at or above list; I went to one dealer (who w...
by georgewall42
Mon Dec 08, 2014 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ex-landlord won't return deposit
Replies: 29
Views: 4456

Re: Ex-landlord won't return deposit

Don't let the naysayers discourage you. Most states and courts frown upon landlords that deliberately withhold security deposits. Take the deadbeat landlord to small claims court; if he/she wants to ignore the judgment, good luck to them when the unpaid judgment appears on their credit report, etc. ...
by georgewall42
Wed Nov 19, 2014 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Fraud-People take out mortgage on YOUR property???
Replies: 8
Views: 2511

Re: Mortgage Fraud-People take out mortgage on YOUR property

I agree the wording is a bit scary. However, keep in mind that a fraudulently recorded deed conveyance can be removed. The owner would have to challenge the conveyance, and show that they still hold the deed to their property. Given that the folks committing the fraud are unlikely to respond to the ...
by georgewall42
Tue Nov 18, 2014 4:48 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 180
Views: 42472

Re: Bogleheads, tell me about your 40's?

My random musing's on my 40's, now that I'm about to leave said decade behind: 1.) It goes by really, really fast. Zip, zoom, bang, and you're turning 50. 2.) One regret is I let myself go at various times, and wasted too much time on things that didn't matter. I'm fixing both of those issues, but i...
by georgewall42
Tue Nov 18, 2014 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Fraud-People take out mortgage on YOUR property???
Replies: 8
Views: 2511

Re: Mortgage Fraud-People take out mortgage on YOUR property

Seems like there's a couple of different types of fraud being discussed and possibly conflated here. In one case, it appears thieves are taking out a mortgage on a home by fraudulently posing as the current home owner, aka, identity theft. Other than taking steps to protect your identity, there's no...
by georgewall42
Tue Nov 18, 2014 10:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 161588

Re: Vanguard sued for charging too little

I'm not sure how well the article summarized the issues that Vanguard raised in the defense. Essentially, Vanguard is arguing that the plaintiff abused his attorney-client privilege by using confidential documents to which he had access in order to build his case. IANAL, but the legal issues between...
by georgewall42
Thu Nov 06, 2014 8:04 am
Forum: Personal Consumer Issues
Topic: Tax Benefits of a house
Replies: 12
Views: 2425

Re: Tax Benefits of a house

You should get a copy of your 2013 tax return from your tax preparer; he is obligated to let you have a copy. The standard deduction for 2014 is $12,400 for married taxpayers filing jointly. If your total itemized deductions exceed that amount, then you can take advantage of deductions such as mortg...
by georgewall42
Wed Nov 05, 2014 10:18 pm
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 12544

Re: iBonds at zero % fixed

One way to look at IBonds is that the variable interest component is still better than many other liquid investments with guaranteed nominal principal. I'm not sure any liquid, guaranteed investment is guaranteed to keep pace with an individual's actual living expenses. If the CPI zooms, you have so...
by georgewall42
Mon Apr 21, 2014 10:14 am
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 50
Views: 11743

Re: Flights D.C. to London: Buy now or wait?

I would email the airline of interest and ask what happens if the airfare should be reduced after you purchase your ticket. Typically, the airline will reissue you a ticket at the lower airfare, but they can charge you a service fee for the privilege (which can be $100 - $300). But that policy can v...
by georgewall42
Mon Apr 21, 2014 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Gave two weeks notice a week ago - benefits wrapup questions
Replies: 22
Views: 5202

Re: Gave two weeks notice a week ago - benefits wrapup quest

Submitting a formal notice to resign automatically means your termination was voluntary. While technically your employer can cease your employment that very day, it is still considered a voluntary termination. Since they said they will pay you for the 2 weeks, your term of employment would technical...
by georgewall42
Mon Apr 21, 2014 9:44 am
Forum: Personal Finance (Not Investing)
Topic: sued by landlord
Replies: 34
Views: 4990

Re: sued by landlord

Always start with the simplest and lowest cost alternatives. Calling the landlord or management company is free; hopefully they can rectify the situation and withdraw the legal action. You should not be liable for attorney's fees or court costs for mistakes made by the landlord. If that doesn't work...
by georgewall42
Sun Apr 20, 2014 8:05 pm
Forum: Personal Consumer Issues
Topic: True Crypt - Possible Security Problems
Replies: 14
Views: 2142

Re: True Crypt - Possible Security Problems

Never pay the ransom. Keep a good backup instead, and be prepared to wipe and restart.
by georgewall42
Wed Apr 16, 2014 8:49 am
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 7788

Re: Stocks: How Bad It Can Get

If you had $732 in 1929 and decided to put it in your mattress, you would still have that $732 today. Unless it was gold coins !! Not a gold bug bt could not resist :happy To be complete, taking that $732 and investing it in the following instruments would yield the following in 2014 dollars (appro...
by georgewall42
Wed Apr 16, 2014 7:14 am
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 7788

Re: Stocks: How Bad It Can Get

If you had $732 in 1929 and decided to put it in your mattress, you would still have that $732 today. But you would have seen the purchasing power of that $732 decline by nearly 14 times; you would need to have $10,000 today to buy that same amount of goods that $732 purchased in 1929. The risk of i...
by georgewall42
Fri Apr 04, 2014 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 10673

Re: I accidentally discovered a coworkers salary... now what

The solution to problem #2 is to update your resume and go out and find a new job at the higher salary. When your employer asks why you're leaving, tell them that you spent so many years there without any increase in salary, and it's now time to move on to a higher paying position. For #1, best do n...
by georgewall42
Fri Mar 21, 2014 6:52 am
Forum: Personal Finance (Not Investing)
Topic: non-disparagement clauses
Replies: 7
Views: 1222

Re: non-disparagement clauses

The burden to prove libel is pretty high; posting a complaint about poor service, real or imagined, is not libel. Ignore the internet horror stories and lawyer-speak; most of those clauses are nonsense and unenforceable anyway. However, deliberately posting false information about a specific company...
by georgewall42
Mon Mar 17, 2014 7:23 am
Forum: Investing - Theory, News & General
Topic: USA Today inadvertently makes case for EE bonds
Replies: 13
Views: 2805

Re: USA Today inadvertently makes case for EE bonds

The USA Today article is a very interesting look back at the past 14 years. I'm going to way out on a limb and state that if they did the same analysis for the 14 year period from 1986 to 2000, they would have come up with a very different conclusion. The same data for the 14yr period from 1972 to 1...
by georgewall42
Mon Mar 17, 2014 6:47 am
Forum: Personal Consumer Issues
Topic: Car Buying Strategy
Replies: 46
Views: 6641

Re: Car Buying Strategy

It's always a good idea to run any used vehicle VIN through a reporting service such as Carfax. While it will not uncover minor accidents or engine mounts needing repair, it will certainly note if the car has been deemed a total loss or has had other major damage claims. This applies to whether you'...
by georgewall42
Fri Mar 14, 2014 7:14 am
Forum: Personal Consumer Issues
Topic: Car Buying Strategy
Replies: 46
Views: 6641

Re: Car Buying Strategy

Most depreciation does occur in the first 2 years of a car's life, even for Honda's and Toyota's. Therefore, for many passenger sedans, the savings between a 2-3 year old car and a 4-5 year old car are not that significant. You do get some benefits from a newer used car: the overall condition of the...
by georgewall42
Thu Mar 13, 2014 7:14 am
Forum: Personal Finance (Not Investing)
Topic: "Bank Reference" ?
Replies: 2
Views: 700

Re: "Bank Reference" ?

I would just ask why they need that information. It's possible it's just a standard credit form and the info is simply not used or needed. I would be suspicious of any organization that got upset at me if I simply asked them why they needed my bank account info.
by georgewall42
Wed Mar 12, 2014 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Private Company ISO Post Termination
Replies: 4
Views: 642

Re: Private Company ISO Post Termination

You should be able to get an estimate of the FMV of the stock from your old employer. That's important, as you are potentially subject to AMT between the strike price of the ISO and the FMV of underlying stock. The law only works one way; there's no hidden tax credit if the FMV is lower than the str...
by georgewall42
Tue Mar 11, 2014 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: non-compete [Employer NDA and Non-Compete agreements]
Replies: 35
Views: 2902

Re: non-compete [Employer NDA and Non-Compete agreements]

In general, courts will balance between the terms of the non-compete (which is enforceable in MA) and the employee's right to make a living; a non-compete (even in MA) cannot be so broad that you are effectively forbidden to work in your field and industry for a long time. As noted above, talk to a ...
by georgewall42
Tue Mar 04, 2014 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 50633

Re: Job Offer Negotiation / Interview Snafu

I'm glad the OP was able to find the information he was looking for with regards to work/life balance. For future reference, there are some subtle ways of getting this information out during the interview that don't involve directly asking the question. Personally, I feel it's a perfectly reasonable...
by georgewall42
Thu Feb 27, 2014 8:46 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 27597

Re: Bitcoin price plunges

Well, certainly if you google "bitcoin hack", you will see a whole bunch of folks making statements that bitcoins are essentially "hackproof". Their statements are quite absolute. As the article mentioned, lots of bitcoiners were worshiping at the temple of Mt. Gox not too long ago. Since the algori...
by georgewall42
Thu Feb 27, 2014 8:40 am
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 27597

Re: Bitcoin price plunges

... What makes (made?) Bitcoin unique such that no one could create something just as "secure" and "cool"? Convincing a crowd of people to run mining operations. The larger the mining pool, the more secure the currency. Whatever comes to displace bitcoin has to be 10x better. There's nothing to pre...
by georgewall42
Thu Feb 13, 2014 9:22 am
Forum: Investing - Theory, News & General
Topic: Can a purely deflationary currency last? [bitcoin]
Replies: 83
Views: 9005

Re: Can a purely deflationary currency last? [bitcoin]

First, there is nothing that prevents a "Bitcoin2" from being invented. In fact, there are alternative digital currencies out there, and there really is no barrier for them to become another Bitcoin. So the limited supply is a bit of a fallacy. I read somewhere that the original creators of the Bitc...
by georgewall42
Sat Jan 04, 2014 12:28 pm
Forum: Investing - Theory, News & General
Topic: ETFs Market or Limit order
Replies: 31
Views: 6420

Re: ETFs Market or Limit order

Unless you're trying to squeeze out every last penny via trading techniques, there's really no downside to using a limit order when purchasing an ETF. For retirement or other long term investing, the potential difference of one penny in the purchase price is unlikely to be meaningful in any way, sha...
by georgewall42
Fri Jan 03, 2014 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: employee surveys
Replies: 32
Views: 3361

Re: employee surveys

On the multiple choice questions, I see no harm in simply answering the questions truthfully if the survey is anonymous. Don't expect anything useful to come out of your responses, but there's no reason to sugarcoat any bad situations. You as an employee do have some rights to keep your employer fro...
by georgewall42
Wed Jan 01, 2014 1:01 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett is a Boglehead
Replies: 52
Views: 6381

Re: Warren Buffett is a Boglehead

Warren Buffett's main goal is to profitably run a business. Yes, in his case his business is actually multiple distinct businesses, but the point remains. His statements and annual letters are there to give shareholders and potential shareholders some insight into his philosophies in picking and man...