Search found 334 matches

by deanmoriarty
Sat May 09, 2020 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

50K/1.2M = 4.16% of your net worth? It does seem steep, but probably cheaper than a major medical issue due to the demands of the job. I don't know whether you should tough it out or go. But if you do go, you can use covid-19 as an excuse for walking out on the job. "'The risk to my grandma wasn't ...
by deanmoriarty
Sat May 09, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

Luckily I am a boglehead with a very frugal lifestyle and a large emergency fund and have saved up ~25x living expenses in my decade of work, so I’ll be able to stay afloat for years, if I have to. I just hope I won’t have to pay back the relocation, since that will be a really steep expense. Color...
by deanmoriarty
Sat May 09, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

...Things are getting worse, not better. In a couple instances I ended up in actual physical tears, at the end of my work day, commiserating my life.... At the next harsh conversation with my boss, I’ll bring up that this perhaps isn’t working out and if there is a way I could be let go without suf...
by deanmoriarty
Sat May 09, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

I am back to this thread, and I read all the replies. I want to thank everyone who expressed empathy towards me, and I appreciate who took a harder stance (“what did you expect?! Just do the work!”), every perspective is a good one worth listening to. Things are getting worse, not better. In a coupl...
by deanmoriarty
Fri May 01, 2020 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

Based on earlier threads, it looks like the OP is 33 or 34, had a net worth of 2 million at one point, and was making 350k in tech, so might be making 700k-1M now. WHAT??!!! SWE ICs do not get paid that much! You'll need to be top 0.5-0.1% even in FAANG to get that much. I seriously doubt hedge fun...
by deanmoriarty
Thu Apr 30, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Re: Quitting a job after two weeks: relocation expenses

Based on earlier threads, it looks like the OP is 33 or 34, had a net worth of 2 million at one point, and was making 350k in tech, so might be making 700k-1M now. That data is correct (minus the net worth, which has taken a sad haircut). The new offer is for 1.2M a year, of course 80% of it being ...
by deanmoriarty
Wed Apr 29, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17339

Quitting a job after two weeks: relocation expenses

I have done a terrible, massive mistake. I moved from a tech company in Silicon Valley to a hedge fund on the east coast, lured by the money (3x my current compensation if we include the bonus!). I relocated 3 weeks ago in a corporate housing rental, paid by them. Flight was expensed (business class...
by deanmoriarty
Sun Apr 19, 2020 7:01 am
Forum: Personal Investments
Topic: Won the game early -- worried about bond holdings
Replies: 54
Views: 4837

Re: Won the game early -- worried about bond holdings

alibaba123 wrote:
Sun Apr 19, 2020 5:32 am
2% withdrawal rate? Have you considered 100% equities?
This person has won the game with $5M in the bank and you are suggesting investing it all into an asset that could lose 90% of their value in a major depression, so they could find themselves with a portfolio valued at $500k in a few years?
by deanmoriarty
Thu Apr 02, 2020 10:26 pm
Forum: Investing - Theory, News & General
Topic: With high spreads, wait for large ETF losses before harvesting
Replies: 3
Views: 478

Re: With high spreads, wait for large ETF losses before harvesting

I have been so happy (well, as happy as one can be losing hundreds of thousands :x) of my choice to stick with mutual funds. I have already done three major rounds of tax loss harvesting since February and haven’t concerned myself one bit with any of the above issues. That “exchange fund” button is ...
by deanmoriarty
Fri Mar 27, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's oncologist has stopped treatment, is recommending hospice
Replies: 93
Views: 14793

Re: Wife's oncologist has stopped treatment, is recommending hospice

My sincere condolences. It takes courage to share you feelings and experiences like that, and it puts all the other problems we are having in our lives in serious perspective.
by deanmoriarty
Thu Mar 26, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Exercising ISO via non-recourse loan: taxation?
Replies: 0
Views: 81

Exercising ISO via non-recourse loan: taxation?

Hello, I am an employee who was granted a sizable amount of stock options during my tenure at the company. Over the years, I periodically exercised my vested options and became very familiar with the mechanics of (sadly) writing checks to the company and to the IRS for AMT, and generating AMT credit...
by deanmoriarty
Tue Mar 24, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14386

Re: What have you learned from this situation that you will take action on?

That I need to rethink my fixed income allocation. I am 70/30, and my fixed income was in 50% BND and 50% munis. Moving forward it will likely become 50% cash (HYSA, CDs, I-bonds), 25% BND, 25% munis. Maybe even more cash than 50%. I'll gladly suffer the cost of inflation but I do want the nominal v...
by deanmoriarty
Mon Mar 23, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 2918

Re: Upside down car: advice

Comparing what you’ve done to your friend is not fair. Having saved 2 million I highly suspect you make more than 40k a year. That said here’s what I would do (and have done) if I was in your shoes. Sell your friend your Honda Civic for $500-$1000. He sell his car private party. You go buy a newer ...
by deanmoriarty
Sun Mar 22, 2020 7:53 pm
Forum: Personal Investments
Topic: Rebalancing while bonds drop: guidance
Replies: 5
Views: 309

Re: Rebalancing while bonds drop: guidance

Both stocks and many bonds have gone down but stocks have gone down more than bonds. To maintain asset allocation, you'd need to reduce bonds and increase stocks even if bonds have declined too. If you don't want to sell, maybe direct the dividends from the bond holdings into the stock holdings. Th...
by deanmoriarty
Sun Mar 22, 2020 7:43 pm
Forum: Personal Investments
Topic: Rebalancing while bonds drop: guidance
Replies: 5
Views: 309

Re: Rebalancing while bonds drop: guidance

Both stocks and many bonds have gone down but stocks have gone down more than bonds. To maintain asset allocation, you'd need to reduce bonds and increase stocks even if bonds have declined too. If you don't want to sell, maybe direct the dividends from the bond holdings into the stock holdings. Th...
by deanmoriarty
Sun Mar 22, 2020 7:33 pm
Forum: Personal Investments
Topic: Rebalancing while bonds drop: guidance
Replies: 5
Views: 309

Rebalancing while bonds drop: guidance

Hello, I am 70/30 and staying the course so far. I don’t know anything, but I believe the “market” has not priced in how bad it is going to get in the US. NYC is going to get a lot worse. Every day, as the US situation becomes closer and closer to Italy and China, more investors will freak out and l...
by deanmoriarty
Sun Mar 22, 2020 5:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18785
Views: 2626452

Re: U.S. stocks in free fall

The “market” has not priced in anything yet. Every day, as the US situation becomes closer and closer to Italy and China, more investors will freak out and liquidate their investments. Most investors have not “priced in” the fact that our growing infection curve is on the exact same trajectory of t...
by deanmoriarty
Sun Mar 22, 2020 5:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18785
Views: 2626452

Re: U.S. stocks in free fall

From the "pricing in" perspective, what news arrived over the weekend, that were so much worse than what was already known and priced in? The curve is going up. Things aren’t improving. TARP2 and QE5 perhaps isn't as big as projected. Fed buying corp debt? The “market” has not priced in anything ye...
by deanmoriarty
Sun Mar 22, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296692

Re: Coronavirus and the market

This is just insane. I have been staying the course so far on a 70/30 portfolio but I am almost reaching the point where I can’t take it anymore. The news is getting worse and worse by the hour, NYC is going to get massively worse before it gets better and soon all the other states will follow, and ...
by deanmoriarty
Sun Mar 22, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 2918

Re: Upside down car: advice

Thanks everyone for the thoughtful responses so far.

It’s very useful to hear contrasting opinions, so I can summarize them in an objective manner and propose to my friend the pros and cons of all the options, knowing they have been scrutinized by dozens of smart folks!
by deanmoriarty
Sun Mar 22, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 2918

Re: Upside down car: advice

I believe his credit is fair, in the 600ish range. 600-ish range is not "fair" creditworthiness, it's pretty bad. It suggests he has other issues with credit (which wouldn't' be surprising for someone making 40K but driving a 55K car). As for the car question, yes he should dump the car and find a ...
by deanmoriarty
Sun Mar 22, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 2918

Upside down car: advice [car loan]

Posting this for a close friend. He is a 35yo professional working in the social work field and making about $40,000 a year in California. He lives fairly frugally, but made the enormous mistake in 2017 to buy for himself a $55,000 Audi, and pulled out a loan for 7 year at a ~3% interest. Due to his...
by deanmoriarty
Wed Mar 18, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18785
Views: 2626452

Re: U.S. stocks in free fall

What if it goes down ~95%+? I understand people dismiss the point with "if it goes down that much we'll have bigger problems to worry about", but seriously: will you wipe out the entire portion of your bonds while trying to rebalance into a falling knife? I am at a 70/30 allocation and already moved...
by deanmoriarty
Tue Mar 17, 2020 12:41 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25668

Re: How much you lost/gain since Feb 20,2020 ?

I have lost ~$500k. Invested in a standard 70/30 portfolio. I started investing in 2012, but a significant portion of the contributions came after 2017 (due to my career growth), so my 9-year IRR is -2%. It has been incredibly brutal and demotivating. I am having a hard time even staying concentrate...
by deanmoriarty
Tue Mar 17, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 1474
Views: 119269

Re: [Small Cap Value heads Rejoice !!!]

This for me was the last nail in the coffin, incredibly horrible performance. I realized I started tilting to SCV because I was "bored" with my VT portfolio steadily growing in a bull market, and started following Merriman and others into more exotic portfolio tilts, without solid reasons. I won't s...
by deanmoriarty
Mon Mar 16, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 179
Views: 13650

Re: Ally 1% bonus, up to $250

Count me in as one of the people who'll move the emergency fund to Ally but... am I the only one thinking how completely silly it is to chase $250 when my portfolio will be down almost $500k YTD after today's losses? :annoyed
by deanmoriarty
Sat Mar 14, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of CA: taxes
Replies: 3
Views: 624

Re: Moving out of CA: taxes

My caveat would be if the stock ownership is actually more complex than owning shares in a privately held company as you've described. If it is more complex you'd need to explain the situation to us to make sure the above still applies. Thank you for your reply! The stock ownership should not be mo...
by deanmoriarty
Sat Mar 14, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of CA: taxes
Replies: 3
Views: 624

Moving out of CA: taxes

Hello Bogleheads, In May, I’ll be moving out of California, state where I have been living since 2005, to chase a new job opportunity in Illinois. I read through California publication 1031 (https://www.ftb.ca.gov/forms/2019/2019-1031-publication.pdf) and everything seems reasonable. However, I have...
by deanmoriarty
Wed Mar 11, 2020 12:45 pm
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Re: Rant about depressing portfolio returns

So as I mentioned, you're focused on measuring the wrong thing. Step back from the spreadsheet for a moment and think about what you've just told us. You've contributed 70% of your lifetime contribution (worth millions of dollars) in just the last 3 years, yet you are upset that you aren't seeing s...
by deanmoriarty
Wed Mar 11, 2020 12:33 pm
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Re: Rant about depressing portfolio returns

The compound annual growth rate of a 42% U.S. equities, 28% International equities, and 30% U.S. Bond Index portfolio was 9.10% for 2012 through 2019. Returns lower than that aren't the market's fault. As mentioned, I had a very irregular contributions rate, due to my career growth. In 2013, my net...
by deanmoriarty
Wed Mar 11, 2020 11:43 am
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Re: Rant about depressing portfolio returns

This topic is not actionable, just me ranting. I started investing in 2012 in my mid 20s, with initial cash savings of ~$100k accumulated during the first couple years of my career. Even if I was very young, I chose a 70/30 allocation. As Bogleheads preach, one doesn't know their own risk profile u...
by deanmoriarty
Wed Mar 11, 2020 11:39 am
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Re: Rant about depressing portfolio returns

HomerJ wrote:
Wed Mar 11, 2020 11:37 am
deanmoriarty wrote:
Wed Mar 11, 2020 11:35 am
how much money I took out (dividend distributions)
I'm confused by this part.

Are you pulling your dividends out or not counting them?

That's a decent chunk of your returns over the years.
I am counting them. The returns include the amount returned by dividends.
by deanmoriarty
Wed Mar 11, 2020 11:35 am
Forum: Personal Investments
Topic: Rant about depressing portfolio returns
Replies: 37
Views: 2788

Rant about depressing portfolio returns

This topic is not actionable, just me ranting. I started investing in 2012 in my mid 20s, with initial cash savings of ~$100k accumulated during the first couple years of my career. Even if I was very young, I chose a 70/30 allocation. As Bogleheads preach, one doesn't know their own risk profile un...
by deanmoriarty
Mon Mar 09, 2020 2:21 pm
Forum: Investing - Theory, News & General
Topic: Why not exchange all total bond for total market today?
Replies: 35
Views: 2712

Re: Why not exchange all total bond for total market today?

How about you just sell enough bonds to put you back to your target AA? I just placed an order this morning to sell $50k BND and buy VT, bringing me back to the 70/30 AA.
by deanmoriarty
Fri Feb 28, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Sign-on bonus repayment?
Replies: 2
Views: 770

Sign-on bonus repayment?

Hello, I am an engineer looking to move from a tech company (in Silicon Valley) to a financial company (in NYC). Just this week I received the final offer, which includes a substantial sign-on bonus of $400k (since I am forfeiting some equity in my current tech company by leaving). The bonus is to b...
by deanmoriarty
Thu Feb 27, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18824

Re: Who else has sold? If you haven't do you have Plan B?

Enjoy them. The suckers investors who bought them are now down ~4.5%. :happy Out of curiosity, did you also sell all your shares in December 2018, when VTSAX went down ~10% over just a few days and the SP500 ~20% over a couple months? If not, why is it different this time? I am in my early 30s so v...
by deanmoriarty
Thu Feb 27, 2020 2:16 pm
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18824

Re: who is worried and feels like selling stocks?

Here is my datapoint: on Wednesday I received a substantial cash bonus of ~$400k from my employer. I put in the order the same day to spend it all on VTI and VXUS according to my asset allocation. :sharebeer
by deanmoriarty
Fri Feb 07, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rounded up share price on tax form
Replies: 2
Views: 335

Re: Rounded up share price on tax form

Kindly bumping this up one (only) time for visibility.

Thanks
by deanmoriarty
Thu Feb 06, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Rounded up share price on tax form
Replies: 2
Views: 335

Rounded up share price on tax form

Hello, In 2019, I exercised a significant amount of employer ISO. My exercise price was $0.166, and I exercised 200,000 shares, writing a fat check to my company for $33,200 (ugh!). Since I held on to the exercised shares for the entire duration of 2019, I am hit with AMT. Considering the fair marke...
by deanmoriarty
Thu Jan 30, 2020 10:30 am
Forum: Personal Investments
Topic: "Relinquish" my index fund portfolio when moving to hedge fund?
Replies: 19
Views: 1785

Re: "Relinquish" my index fund portfolio when moving to hedge fund?

Thanks again. Something I recently learned is that the compensation is not going to be as liquid as I initially thought. Above a certain threshold, which I am expecting to exceed significantly (~$450k), the amount gets automatically invested into the hedge fund itself, and cannot be redeemed for 4 y...
by deanmoriarty
Wed Jan 29, 2020 10:05 am
Forum: Personal Investments
Topic: "Relinquish" my index fund portfolio when moving to hedge fund?
Replies: 19
Views: 1785

Re: "Relinquish" my index fund portfolio when moving to hedge fund?

I wanted to thank everybody for the thoughtful replies, I learned a lot and I’ll post here the result of my future (hopefully!) conversation with the compliance department.

Thanks!
by deanmoriarty
Tue Jan 28, 2020 5:11 pm
Forum: Personal Investments
Topic: "Relinquish" my index fund portfolio when moving to hedge fund?
Replies: 19
Views: 1785

"Relinquish" my index fund portfolio when moving to hedge fund?

Hello, I am a 33 years old tech worker, currently a software engineer in Silicon Valley. I am considering a technical leadership position at a famous hedge fund on the East Coast, which sounds like a very interesting challenge, and will also come with a much appreciated ~2X compensation increase. I ...
by deanmoriarty
Mon Dec 30, 2019 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer
Replies: 45
Views: 4180

Re: Financially Optimal Career Path: Investment Banker vs Management Consultant vs Software Engineer vs Doctor vs Lawyer

The numbers for software engineers are somewhat accurate, considering you are talking about the top percentiles (I am in the field, working as a senior software engineer with those compensations). However, in order to get those numbers you are “forced” to live in the Bay Area basically (where run-do...
by deanmoriarty
Sun Dec 29, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 271
Views: 9509

Re: Vanguard phasing out regular mutual fund shares?

I advised my son to purchase mutual fund shares. The reason is that he is very busy in business and it is much easier to put in an order on the weekend, in the evening, or before markets open. With an ETF at Vanguard (as I understand it) you have to trade during the exchange open hours. You cannot ...
by deanmoriarty
Sat Nov 30, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you saving for retirement in 2019?
Replies: 82
Views: 5852

Re: How much are you saving for retirement in 2019?

19k (plus 9k employer match) in 401k, 5.5k in a tIRA, and about 100k in taxable (sadly I don’t have more tax deferred space).

That’s about 3X my post-tax living expenses, which I think coveys a more useful information to the reader.
by deanmoriarty
Sun Nov 10, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

How would I know if the promo rate is honored for me? My money is in flight and should be there on Monday or Tuesday. However, if I try now to open a CD account (even if I have less than $500 in there), nowhere on the page it specifies what my rate will be, it just asks me for the duration. I haven’...
by deanmoriarty
Sat Nov 09, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

Yep, supposedly I got lucky but I'm not 100% sure yet. Today I got an email that my membership at PSECU was granted. I called to find out how to transfer money to my membership account and add a CD. While chatting about my options (either add a checking account first or fill out and mail/fax a pape...
by deanmoriarty
Fri Nov 08, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

I mailed in an ira application a week and a half ago to psecu to transfer funds from vanguard. From vanguard's website, they mailed psecu a check November 5. As of now psecu hasn't received it. According to depositaccounts, the 2 and 3 year rates are only good until tomorrow, not the end of novembe...
by deanmoriarty
Thu Nov 07, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86522

Re: Best CD rates thread

Does anyone know how easy it is to transfer money out from the PSECU savings account to another institution? I have my account open and on the website there is no obvious way to add an external account to initiate an ACH transfer out. Will they easily allow me to do a pull initiated from Marcus, or ...
by deanmoriarty
Wed Nov 06, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37438

Re: Turbotax 2019 on Amazon

It seems tax year 2019 will be the last for TurboTax desktop. You can still use the online version but the last time I did it was $35 more then the same year's download😡 Where does it say this? "TurboTax for tax year 2019 will install on Windows 7, but when TurboTax for tax year 2020 is released, a...