Search found 79 matches

by ChowYunPhat
Sat Sep 22, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 11598

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Man...just reading through the posts and journey....congrats team RW73! So happy for you and your family. I'm a day late but share same feelings as most other posters. Life is too short, and the meaning and pride you take in your work can be channeled elsewhere. I was in a caustic work environment w...
by ChowYunPhat
Fri Sep 21, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you from a widow
Replies: 13
Views: 2519

Re: Thank you from a widow

I have benefited from this forum and the wisdom of its members for many years. You have helped me prepare for retirement, develop contingencies, .........Thank you for the wisdom you have shared and will continue to share. What you do is important. You have helped me, and you will help many, many m...
by ChowYunPhat
Sun Sep 16, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5718

Re: Thinking of Retiring at 52, Please Critique Plan

Travel424, welcome to the forum and appreciate you posting the question. It can feel awkward sharing a lifetime of financial work and seeking feedback. In summary, it seems you and your family have done very well and currently live a somewhat frugal lifestyle which lines up well with early/semi-part...
by ChowYunPhat
Thu Sep 13, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11125

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

This post really resonates with me. Spouse and I are in our early 40s with her in semi-retirement. We are both happy and able to spend and save at levels which are comfortable. Heading towards FI in the next couple of years, but really enjoying my work and am well compensated. I think about this top...
by ChowYunPhat
Sat Sep 01, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2079

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

For us, dealing with the money was the easiest part. Setting up our will for dealing with our children if we should both die close together was the more complicated part. For us, we didn't trust online wills to adequately take care of this part so we found an attorney to help guide us through the p...
by ChowYunPhat
Thu Aug 23, 2018 11:51 am
Forum: Forum Issues and Administration
Topic: Rating system for posts/posters ?
Replies: 60
Views: 2592

Re: Rating system for posts/posters ?

Agree with many of the posters on this already. Freefun put it best. This is probably the best forum I’ve seen. I came here for financial advice and ended up learning so much other stuff. If there were ratings I might have not read stuff I definitively benefited from. Love this the way it is and hap...
by ChowYunPhat
Thu Aug 23, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5359

Re: Test your cognitive biases

Interesting test Victoria and fun. I also got the "better than 75%-100% of college graduates" but like other posters the math major probably helped a bit here. In fairness, I probably would have sided with DM below had I scored lower :) I scored "better than 75%-100% of college graduates". Full disc...
by ChowYunPhat
Thu Aug 23, 2018 10:46 am
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 85
Views: 16652

Re: Houston Chapter

Interested in connecting as well. Live in Galleria but open to attending next Houston meet up.

Take care.
by ChowYunPhat
Wed Aug 22, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10407

Re: I own 1,387 items!

DanMahowny wrote:
Wed Aug 22, 2018 10:05 am
My dog "owns" more than 100 things.
:D hahahah. This thread is so awful I can't turn away from it. I think my dogs may own more than 100 items too but probably won't get around to counting these things. Please keep the thread going.
by ChowYunPhat
Tue Aug 14, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7680

Re: Marriage [How should finances be handled?]

Congrats on the upcoming marriage. It sounds like you're already making good decisions by attacking the student loans and investing. Once you're married, this may open up additional opportunities especially if both of you are working. -Fully fund Roths (or backdoor Roths if you're so lucky) -Take ad...
by ChowYunPhat
Sun Aug 05, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5457

Re: Question to retirees - money or work/life balance?

TexasCPA, can you share a little more about some of the choices you feel you might be making in the coming years? I could guess based on your moniker but would be great to get more of your perspective.
by ChowYunPhat
Sat Aug 04, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 9
Views: 853

Re: Backdoor Roth Questions

Ted,

Recommend checking out the White Coat Investor tutorial at https://www.whitecoatinvestor.com/backd ... -tutorial/

This is an excellent step by step guide including screen shots of the your 8606 forms and should help you avoid some pitfalls too.

Good luck.
by ChowYunPhat
Fri Aug 03, 2018 3:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3744

Re: How did you become a Boglehead?

There was an HBS case study in grad school that mentioned Fidelity and Vanguard...probably the most important 1 hour class in my life. Learned about Bogleheads through Vanguard investing after graduation.
by ChowYunPhat
Fri Aug 03, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2379

Re: Charitable giving strategy

This. The largest portion of my giving is to several places that I also support with my time as a volunteer. I give smaller amounts (usually toward the end of the year) to a few other causes I have settled on. I have enough causes on my list now, that I feel very comfortable declining any and all of...
by ChowYunPhat
Wed Aug 01, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Best schools for an IB internship
Replies: 17
Views: 1466

Re: Best schools for an IB internship

It's great you're thinking ahead. College should be thought of as vocational prep and always better when you have some sense of where you'd like to land. I agree with much of what the other posters have said. In general, Ivy League attendance can get you an IB interview but you'll have to earn it pa...
by ChowYunPhat
Sun Jul 29, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13702

Re: Should I Dump a Pile of Money on Young Son?

Every time I see a post with the words "million dollars" the image of Lawrence from Office Space comes to mind....but I digress. Glad to hear your son is doing well, disciplined and seems to be on his way to a bright future. You can be truly thankful and proud at having played a part in his upbringi...
by ChowYunPhat
Thu Jul 26, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Biggest financial decision of my life: selling a big wad of options
Replies: 46
Views: 5315

Re: Biggest financial decision of my life: selling a big wad of options

Neversell, welcome to the forum and congrats on your hard work and good fortune. You should feel great about the position you're in. You should also consider changing your username :D Most of the other posters have already covered it well, but I would reinforce the following: * Sell at your next tra...
by ChowYunPhat
Thu Jul 26, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Moral dilemma - What would you do?
Replies: 54
Views: 5786

Re: Moral dilemma - What would you do?

I typically sit on the other side of these deals, and are often faced with a dilemma of what to buy. I sympathize with the situation. Often times there are : * "Solutions trying to find a problem" * A standard product which doesn't have a published price. Big companies charged more for the same item...
by ChowYunPhat
Thu Jul 26, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11178

Re: Facebook stock in freefall! (20% drop in 1-day)

FB on sale today....that is if you're in to buying individual stocks.
by ChowYunPhat
Thu Jul 19, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 16453

Re: New book based on Millionaire Next Door

Millionaire Next Door, Millionaire Mind, Stop Acting Rich and Millionaire Women Next Door were all excellent. I will definitely be picking up the next book up. These books reinforced concepts I learned, but also helped me feel part of a community that wanted to generate wealth and live life differen...
by ChowYunPhat
Wed Jul 04, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Individual tech stock - what would you do?
Replies: 9
Views: 633

Re: Individual tech stock - what would you do?

Iowa David, thanks for posting this. Interesting questions. Would help for the forum to know the following: 1. Your AGI, married filing jointly? There are absolute income limits which the IRS uses to set caps on certain things like Roth and 401K contributions and will give an idea of potential sale ...
by ChowYunPhat
Sat Jun 30, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 11633

Re: Feel like I'm sinking money into international

I am with you on this, and have tilted towards US stocks for the past 5-6 years. This is personal preference but seems to have worked out for me thus far. However, I won't be surprised if the Int'l investing community has an "i told you so" moment in the near future :wink: FWIW, one of my favorite B...
by ChowYunPhat
Sat Jun 30, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?
Replies: 15
Views: 2539

Re: Personal Finance Software Quicken 2017 Online Version or PC based] , Personal Capital, Mint, or QuickBooks?

I've used all of these products except Quickbooks, and each served me well depending on the season of life. Mint – my choice application for budgeting. -Setup custom categories similar to Quicken, very flexible. -Excellent budget functionality as well as wealth tracking -Email alerts for events -Goa...
by ChowYunPhat
Sun Jun 24, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22006

Re: Did you celebrate when you finally hit $1m?

$1m is probably the biggest mark one can hit, and while nothing changes, I feel like it deserves a very big pat on the back. Most of mine will be with myself internally as I don't like to spend too much but will make an exception here, even if it did temporarily put me under again. That will be mor...
by ChowYunPhat
Sat Jun 16, 2018 6:09 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 38744

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

This has been a great thread and appreciate all of the posters. I'm currently in my early 40s and enjoying life more than ever. On career: I'm fully confident in my career and have found my way into a company I respect, with leaders I want to follow, and compensation that more than fairly rewards my...
by ChowYunPhat
Fri Jun 08, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help requested for my FIRE framework...What am I forgetting?
Replies: 13
Views: 1500

Re: Help requested for my FIRE framework...What am I forgetting?

Steve, Welcome to the forum and thanks for posting with some transparency. It can be tough to put yourself out there. Agree with ExitStageLeft that you are on a great path, have lived conservatively / frugally, and probably don't carry a lot of financial stress. My wife convinced me to leave a job t...
by ChowYunPhat
Sun Jun 03, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18255

Re: Top Shelf Liquor Overrated?

Glad to see another Laphoaig fan! Best of the Islays. And while I much prefer, and occasionally splurge for, the Triple Wood, their 10 year is, in my opinion, the best Scotch you can buy in it’s price range. You are clearly a refined individual AerialWombat :D ! Triple Wood is also excellent as wel...
by ChowYunPhat
Sat Jun 02, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 2977

Re: Enterprise vs Avis

I use the cheapest place. Last time was Avis, 9-day rental in San Jose was $244 including taxes and fees. Sometimes it is Enterprise. Sometimes something else. That. You can usually find better deals further in advance. We booked our last rental 6 months in advance and it was roughly 50% what the p...
by ChowYunPhat
Sat Jun 02, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4336

Re: Friends with an EJ Advisor

Though my various advisory relationships have been less than optimal from a Boglehead perspective, I found that if I just kept an open mind that I would learn something. That. I appreciate the thoughtful response NedSaid and agree with your points. Nearly all financial advisors who have prospected ...
by ChowYunPhat
Sat Jun 02, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about RSUs and asset allocation
Replies: 12
Views: 1056

Re: Thinking about RSUs and asset allocation

Congrats on the RSU award(s) inforapenny. Always nice to have incentive comp / RSUs as it's a sign your company wants to keep you around for a while. I think most of the time any single investment of >5%-7% of your entire portfolio does reflect some concentration risk. Previous posts covered this so...
by ChowYunPhat
Sat Jun 02, 2018 8:26 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4336

Re: Friends with an EJ Advisor

I think I touched a sensitive nerve with some posters when it comes to EJ. Not trying to lead anyone down a harmful path and I'll try to clarify further. :happy My wife and I invest through Vanguard and Fidelity exclusively, utilize no-load index funds, dollar cost averaging, and simplified portfoli...
by ChowYunPhat
Sat Jun 02, 2018 7:46 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18255

Re: Top Shelf Liquor Overrated?

We tend to buy the cheap stuff with a few exceptions. One of our few indulgences is Laphroig scotch. There is an excellent 10 year bottle which is good value typically priced in the $40-$50 range....really peaty and a distinct flavor unlike most of the scotch I've tried. Buy and drink what you like,...
by ChowYunPhat
Sat Jun 02, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4336

Re: Friends with an EJ Advisor

Why in the world would you send your wife to EJ advisor for financial advice? A fair question Dottie57 and an explanation is worth sharing. This EJ advisor is a dear friend, and more importantly there would be parameters in place before such an arrangement would be struck (he offers fee based servi...
by ChowYunPhat
Sat Jun 02, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4336

Re: Friends with an EJ Advisor

I'm probably an outlier here. If you are confident in your approach there is no harm leaning into the discussion or doing a dinner / meet up. You've been forthcoming with him so his expectations should be in line. You never know where your next great friendship may come from. I had a similar EJ frie...
by ChowYunPhat
Sat May 12, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 40012

Re: Lucrative careers?

For someone targeting a 4-5 year degree, I'd recommend: CPA / Accounting - will always be in demand (death and taxes). Large accounting firms have partner-path careers where $200K+ not uncommon for most the successful. Services are needed in every town across America. Petroleum Engineering - highly ...
by ChowYunPhat
Fri Mar 30, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 10209

Re: What is the endgame for Millennials?

Gen Xer here. Came out of grad school right when the dot com bust happened and very few prospects at that time. My 20s were basically awash with very little savings to show. Marriage and staying with a job that became a career really helped...it's tough making it on your own and can see that hasn't ...
by ChowYunPhat
Sun Mar 18, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: 2018 BOGLEHEADS CONFERENCE UPDATE 9-3-18
Replies: 114
Views: 28236

Re: 2018 BOGLEHEADS CONFERENCE SOLD OUT

Apologies as my response came across a bit harsh. I didn't realize the participation cap was set with Mr Bogle in mind. That's appreciated. Appreciation to the organizers as well...I know it takes work to pull together a conference event and keep things fresh. My frustration lies with the inability ...
by ChowYunPhat
Sat Mar 17, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: 2018 BOGLEHEADS CONFERENCE UPDATE 9-3-18
Replies: 114
Views: 28236

Re: 2018 BOGLEHEADS CONFERENCE SOLD OUT

Hmmmm....it seems there is a pattern forming. If the conference is sold out every year, need to find a more appropriate venue to increase participation. I'd like to go, and there is no good reason why we shouldn't be able to accommodate. The combined intelligence of the forum is astounding and if we...
by ChowYunPhat
Sun Mar 04, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 11319

Re: Do you rent even if you can afford to buy?

I kind of feel like the outlier on the thread, but we have been home owners since marriage of 11 years. My employer absorbed the transaction costs in our latest move, on both selling our old house and buying the new one so the math works a bit better. My wife and I also enjoy home renovation, landsc...
by ChowYunPhat
Sun Mar 04, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct incorrectly handling Roth recharacterizations
Replies: 15
Views: 1593

Re: TaxAct incorrectly handling Roth recharacterizations

I used Taxact and it took them a while to eventually load their 8606 and some of their 1099 forms. If you entered before the finalized forms were eventually loaded, you may have to delete the old data and reload. This was an annoyance but deleting the data and re-entering seemed to do the trick. Goo...
by ChowYunPhat
Sat Feb 17, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12628

Re: What has been your most important skill in achieving financial independence?

sonofdelrinson, it feels like you're on the way already. With your savings rate and willingness to "measure" progress you are all but guaranteed to make it. :sharebeer A lot posters have covered this already, but some of the things that have helped my family immensely in this regard include: -Marryi...
by ChowYunPhat
Sat Jan 27, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 12535

Re: Here's my net worth....I max everything out.....now what?

Welcome to the forum RangerHD and glad to hear you are not satisfied with the success you've already enjoyed. It takes a lot of hard work to be as productive as you've been thus far in life. Bravo. Agree with many of the other posters on managing your excess cash and CDs once they mature. Recommend ...
by ChowYunPhat
Fri Jan 26, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Recommendations
Replies: 28
Views: 2247

Re: Tax Software Recommendations

I've used TaxAct and Taxcut. Occassionally I hire taxes out to CPA depending on what took place during the year. However, I'll continue to use TaxAct as I've had a good experience with the product and never any issues with Federal or State filings. Price is typically competitive as well.
by ChowYunPhat
Thu Jan 25, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: fidelity visa- is opening bonus worth it over Citi?
Replies: 35
Views: 2380

Re: fidelity visa- is opening bonus worth it over Citi?

I've had the Fidelity visa for about a year. No complaints thus far but I haven't tried dialing up customer service yet.

Besides the immediate 2% cash back, the integration with the Fidelity website is a big plus. I can click over to my credit card detail from my brokerage account page.
by ChowYunPhat
Sun Jan 21, 2018 7:57 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 40
Views: 5200

Re: My daughter got her dream job

Awesome news Stemikger! What a great accomplishment for both her and you and reason to celebrate. Reading between the lines there was a significant amount of hard work and life lessons taking place across the family over the last 6 years. :sharebeer
by ChowYunPhat
Fri Jan 19, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Mint vs Personal Capital
Replies: 19
Views: 3606

Re: Mint vs Personal Capital

I have used both apps and prefer Mint for budgeting and PC for pretty much everything else. Over time, I was spending too much time on the apps so had to cut one, and decided to stop using Mint. PC works great for most of what I want to do, and I can drill into transactions more easily although the ...
by ChowYunPhat
Wed Jan 17, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 5988

Re: Car accident - was directed to sign release

Take other posters' advice and call a lawyer. I've been through 3 accidents where there was medical issues in play, and from experience you always want a lawyer involved to help with paperwork and ensure opposing insurers behave. Trust me when I say you do not want to DIY an auto accident that has a...
by ChowYunPhat
Sat Jan 13, 2018 7:14 am
Forum: Personal Consumer Issues
Topic: What journalism are you currently reading?
Replies: 12
Views: 1038

Re: What journalism are you currently reading?

Most days I will usually skim google news, and drill into stories that catch my eye. I also enjoy reading ZeroHedge.com or on my RSS feed....occasionally very smart economic and financial insights, with a usual dose of sarcasm.
by ChowYunPhat
Tue Jan 02, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 14213

Re: Embarrassment Preventing Retirement Work: A factor for you?

Cruise, love the post and thanks for bringing this up. I'm still in my working years but enjoy thinking through this topic from time to time. Motivation seems to be a very important factor here and I would encourage you to think through this piece. Would also be interested in your perspective on the...
by ChowYunPhat
Sun Dec 31, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 5327

Re: Two-comma club just in time for the New Year, and thank you

Congrats Luminous! An awesome accomplishment and enjoy the moment. Your hard work and focus has paid off. The second should come even faster, and keep up the good work.