Search found 419 matches

by srt7
Tue Jun 02, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 84
Views: 8345

Re: Chase reducing credit card limits

I hope they reduce the credit limit on my Freedom card. It's around $80,000. I've been meaning to call them about it for almost a year now :P Log in to their website and reduce the income that you report by 80%. It will happen without you making a call. Good idea! Thanks. I don't think it's a good ...
by srt7
Sun May 31, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 84
Views: 8345

Re: Chase reducing credit card limits

anoop wrote:
Sun May 31, 2020 10:23 pm
srt7 wrote:
Sun May 31, 2020 10:19 pm
I hope they reduce the credit limit on my Freedom card. It's around $80,000. I've been meaning to call them about it for almost a year now :P
Log in to their website and reduce the income that you report by 80%. It will happen without you making a call.
Good idea! Thanks.
by srt7
Sun May 31, 2020 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Chase reducing credit card limits
Replies: 84
Views: 8345

Re: Chase reducing credit card limits

I hope they reduce the credit limit on my Freedom card. It's around $80,000. I've been meaning to call them about it for almost a year now :P
by srt7
Tue May 26, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 313
Views: 16582

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

The problem with this issue is that you get a million anecdotes (e.g. "I went to public and look at me, my friend's kid went to private and he's a disaster"). I'm in a similar situation to you (in Seattle) and I've looked at some studies, e.g. https://journals.sagepub.com/doi/abs/10.3102/0013189X18...
by srt7
Mon May 25, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7403

Re: Examples of why NOT to hold individual stocks

To me the biggest problem with trading individual stocks is the exit plan. Some of these terrible calls in the end were actually GREAT calls while they lasted, I just didn't sell at the right time. And when you sell, where do you then immediately deploy the new cash? It's really exhausting. I just ...
by srt7
Sun May 24, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3029

Re: Would you pull a trigger on a home purchase or continue renting?

OP, Considering that your earnings are far above average for your age, savings are considerably good especially since you've paid off all your debts, most importantly you have the smarts to leave out the bonuses in your home buying calculations and lastly are truly desiring the freedom of home-owner...
by srt7
Sun May 24, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 3029

Re: Would you pull a trigger on a home purchase or continue renting?

I'm sure homes are not "700-800k" in your area. Real estate is way overpriced if that is truly the case. Consider moving to a lower COL area. -TheDDC How is this useful advice? OP's question and provided data were for rent/buy, not for relocation. What's next? Ask them to get married to another hig...
by srt7
Wed May 20, 2020 4:45 pm
Forum: Personal Investments
Topic: Should I refinance?
Replies: 6
Views: 629

Re: Should I refinance?

I would go with option 1 and continue paying what you do now.
by srt7
Tue May 19, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Have the Chase Sapphire cards lost a lot utility (temporarily, due to COVID)?
Replies: 5
Views: 638

Re: Have the Chase Sapphire cards lost a lot utility (temporarily, due to COVID)?

Every travel card has lost its utility. AMEX Platinum, CSR, Altitude Reserve, Citi's whatever ...
by srt7
Tue May 19, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2482

Re: Potential relocation, how concerned should I be with a 4/10 school?

GreatSchools.org ratings should be taken with a grain of salt. But a 4/10 in Texas is a no-no for me. GreatSchools ratings are heavily weighed on state test scores and Texas does a fantastic job of bumping up the numbers with STAAR. So even with all that bump if it's a 4/10 then it's more like a 1/1...
by srt7
Tue May 19, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3907

Re: Contemplating expensive house purchase during pandemic

#2 Rent a bigger apt/house would be my recommendation in general unless you both love SoCal and will go to great lengths (pay-cut, change careers etc.) to not move from that region. If so then I'd recommend staying put for a few more months until real estate prices fall and snatch yourself a great d...
by srt7
Mon May 18, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 97
Views: 14247

Re: Lowes vs Home Depot

Whichever one is closer :D

Honestly, once inside I cannot tell the difference until I see their logo.
by srt7
Mon May 18, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4340

Re: I work remote: Is buying a home away from a major city a major risk?

I recommend buying. Don't over think it. Yes, it is a big purchase but you should go with current information you have and not worry about future so much.
by srt7
Mon May 11, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7334

Re: Layoff Imminent, seeking guidance.

You've gotten a lot of good advice in this thread. Read it all and follow it. For things like performance reviews, I would also print them off (careful no one sees you doing this) and take them home, as then there is no possibility of losing them due to intercepts, bad thumb drives, etc. Don't feel...
by srt7
Sun May 10, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13174

Re: Will work from home destroy the commercial real estate market?

I wonder how successful WFH is actually going. Most of my colleagues complain about it (and I agree with them, it is a pain). I have even heard folks trying to contrive excuses to have to go in (we are considered essential, so our offices aren't closed, but everyone who can WFH is required to do so...
by srt7
Mon May 04, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Keep debit card locked at all times?
Replies: 36
Views: 2734

Re: Keep debit card locked at all times?

I feel your pain OP.

I had two unauthorized transactions on my debit card over the weekend as well. Got emails from my bank alerting me so got on the phone and sorted it out quickly. FYI, I never use my debit card so it might be time to lock it.
by srt7
Mon May 04, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: Who is your all time favorite investor and why?
Replies: 52
Views: 2742

Re: Who is your all time favorite investor and why?

Jack Bogle. Because he taught me about the value of staying the course, index funds etc.
by srt7
Sat May 02, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17375

Re: Quitting a job after two weeks: relocation expenses

... 1) Is my perception that I'm underperforming correct? I think it is common to misperceive how you are doing in a new job, especially if it is a new industry. This may be especially true because you came from an industry that is known for somewhat coddling its (even highly-paid) employees to one...
by srt7
Sat May 02, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Quitting a job after two weeks: relocation expenses
Replies: 196
Views: 17375

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 srt7
Mon Apr 27, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6067

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

And in my experience many companies have way too many useless meetings. I had a much older relative who said anytime his boss was on leave and he ended up in charge, the first thing he would do was to cancel most of the scheduled meetings. At this point, a lot of the meetings (at least in my case) ...
by srt7
Mon Apr 27, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6067

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

At my tech MegaCorp, we already had a very generous WFH policy (including up to 2 days per week every week could be scheduled as WFH). Word through the grapevine is that during this mandatory WFH period, productivity is actually way up. I've been telling my team to make sure they take weekends off ...
by srt7
Mon Apr 27, 2020 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Do you expect your employer to change their stance on WFH after Coronavirus?
Replies: 99
Views: 6067

Re: Do you expect your employer to change their stance on WFH after Coronavirus?

I think it was a good exercise but not everyone (especially those with kids) are happy to continue WFH and are looking to get back to office routine. So while WFH got replies like "Oh! You're so lucky to have that perk!" before it is not guaranteed to be viewed as a perk anymore. :happy
by srt7
Mon Apr 20, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: No longer desiring promotion - change career?
Replies: 43
Views: 2870

Re: No longer desiring promotion - change career?

Count of Notre Dame wrote:
Mon Apr 20, 2020 1:12 pm
I really appreciate all of the thoughtful feedback! I find that I am only unhappy when I think about what I "should" be doing or comparing myself to others. When I remain in my own blissful bubble I think I'm the luckiest person in terms of money, family and health.
Are you me? :D
by srt7
Sun Apr 19, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate severance if laid off?
Replies: 75
Views: 6088

Re: How to negotiate severance if laid off?

There's been an increasing number of laid off threads, and it will likely increase with time. I would like to start a discussion as to how to negotiate severance if laid off. I know there will be a lot of responses that say, "that's not going to work". I'm really not interested to hear that. As a p...
by srt7
Sun Apr 19, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10191

Re: Laid off!!

Sorry to hear, OP. As an engineer in embedded software your skills will get you through. 1. It is highly likely that signing the severance agreement is in your best interest. Call HR or your boss tomorrow and ask to arrange to come in and sign. Try hard to be friendly and accommodating. A lawsuit is...
by srt7
Fri Apr 17, 2020 9:11 am
Forum: Personal Consumer Issues
Topic: Having internet connectivity issues during the workday
Replies: 51
Views: 2902

Re: Having internet connectivity issues during the workday

We use Xfinity as well and ran in to such issues way before this whole COVID-19 / WFH mess started. Our resolution was to restrict router usage only to certain MAC addresses. This can be setup via your router admin UI. Of course, since you mentioned that your issue is with upload speeds and that a w...
by srt7
Fri Apr 17, 2020 8:23 am
Forum: Personal Consumer Issues
Topic: Advise what to do after receiving email from Hacker trying to extort money
Replies: 57
Views: 4490

Re: Advise what to do after receiving email from Hacker trying to extort money

Dear OP, 1) The hacker only wants $1000? He or she works cheap! 2) If the hacker really has access to everything on the laptop, wouldn’t it be easier for the hacker just to transfer the $1000 by him or herself? Or lie in wait and use a key logger to get the log in information for all your sites? Wh...
by srt7
Fri Apr 17, 2020 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 231
Views: 32685

Re: Car Dealers not really wanting to make a deal

Came across this article and thought I should leave it here.
https://www.bloomberg.com/news/articles ... o-industry

OP, per Cox Automotive statement you could see solid deals happen after 6 months.
by srt7
Tue Apr 14, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1714
Views: 154777

Re: Refinance Mega Thread

Originally locked in with Aimloan on a 30-year VA IRRRL at 3%. Long story short - the appraiser they hired under-appraised my house by $120k (my house is 4 years old and we have 5 comps on my street, he didn't use any of them in his appraisal). I appealed the appraisal. This led him to re-submit th...
by srt7
Sun Apr 12, 2020 5:03 pm
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 133
Views: 10017

Re: What single individual stock would you buy?

stimulacra wrote:
Sat Apr 11, 2020 6:23 pm
Apple or Microsoft.
+1
by srt7
Sun Apr 12, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?
Replies: 51
Views: 4584

Re: Just how easy is owning real estate if you have a property manager? (super easy, or just “less hard”)?

I like the idea if diversifying into real estate to get leverage. However, I know for a fact that I would hate being a landlord, and would absolutely use a property manager. Obviously, having a property manager makes owning a rental property easier , but I want something that is easy in absolute te...
by srt7
Sat Apr 11, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27224

Re: just got my $1200 stimulus payment

Not yet, but waiting to give it to our Council on Domestic Abuse shelter home as soon as received. The physically and mentally abused residents there plus some kids need so much stuff. The money will be spent and will assist the economy somewhat, I was going to give half away but your post changed ...
by srt7
Mon Apr 06, 2020 4:58 pm
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17142

Re: What will you do first, once COVID pandemic is over?

Broken Man 1999 wrote:
Sat Mar 28, 2020 4:01 pm
Give my daughters and grandchildren big hugs.

DD's have isolated their families from DW and I, for our benefit.

We are using FaceTime in the meantime.

Can't wait to see them in real time, physical presence.

I really miss my littles! :(

Broken Man 1999
Awe!! I hope you get to hug them soon.
by srt7
Fri Apr 03, 2020 8:26 pm
Forum: Personal Consumer Issues
Topic: Should I keep paying fitness center fees while it is closed?
Replies: 114
Views: 6264

Re: Should I keep paying fitness center fees while it is closed?

No, but there is a due process to canceling a membership. So just make sure you don't get handed over to collections or something.
by srt7
Fri Apr 03, 2020 12:46 pm
Forum: Personal Consumer Issues
Topic: Should I cancel my travel in France and Belgium in mid May?
Replies: 75
Views: 5547

Re: Should I cancel my travel in France and Belgium in mid May?

I've got friends holding off on canceling their Europe, South America, Asia trips until the very last minute. I'm not sure why though because it's not just a single variable at play here. Travel related health scares, finances, incomes and the fact that even if everything was magically gone by June ...
by srt7
Fri Apr 03, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Should I withdraw my kids from summer camp?
Replies: 43
Views: 2798

Re: Should I withdraw my kids from summer camp?

I can't tell you what to do but I wouldn't send my kids anywhere until school starts next year in August (if that).
by srt7
Wed Apr 01, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 1925

Re: Utah Remote Job, where will you relocate ?

Do consider Las Vegas, NV. Short flights, possible drives and no state income tax.

I would've said Reno, NV but you want to escape cold weather.
by srt7
Tue Mar 31, 2020 2:57 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 87
Views: 9230

Re: Advice on relocation or staying put

OP here. Found this thread while searching for something else so thought I'd post an update. We finally made the move few months ago. Picked Denver metro and it's been great! Thanks to everyone for your inputs! OP, now that you've been in the Denver area several years, any regrets about moving to g...
by srt7
Mon Mar 23, 2020 11:26 pm
Forum: Non-US Investing
Topic: How will this market effect dividends?
Replies: 22
Views: 2120

Re: How will this market effect dividends?

In a spectacular way I would presume. Boeing is one such example.
by srt7
Mon Mar 23, 2020 11:22 pm
Forum: Investing - Theory, News & General
Topic: What is the point of stocks?
Replies: 101
Views: 6488

Re: What is the point of stocks?

Seriously. What is the point of investing in passive index stocks? Basically every single person who started investing in the last 20 years, so basically everyone under 50 on this forum, would have been better off today if they just put money in a 1% CD. I sure hope there are some out there that ha...
by srt7
Mon Mar 23, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14402

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

In no particular order ...
1. Wash hands more often.
2. Touch face less often.
3. Bump up emergency fund.
4. Ignore herd mentality and pay attention to world events. Apparently the world is much smaller than I had imagined.
5. Have more respect for front-line workers (medical, retail, services etc.)
by srt7
Mon Mar 23, 2020 11:14 pm
Forum: Personal Consumer Issues
Topic: College, pick rank #5 for 34k or #24 for 16k
Replies: 20
Views: 2034

Re: College, pick rank #5 for 34k or #24 for 16k

Assuming those are her only choices ... College 2.
by srt7
Mon Dec 02, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: iPad or Chromebook for 5 year old?
Replies: 42
Views: 2647

Re: iPad or Chromebook for 5 year old?

iPad will work better for your use-cases. Most pianos come with a book holder etc. where you could put the iPad. Definitely more suitable for travel needs.

Also, iPad OS so it isn't just a stretched out screen for apps etc.
by srt7
Mon Jul 08, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3968

Re: Going to law school question

I want to be a brain surgeon, not really, but kind of. :beer I wonder if his situation is something akin to being in University administration, where having a PhD, *any* accredited Phd, is the ticket enabling a move up the ladder. Or in some case Hospitals or Pharma business where that MD opens doo...
by srt7
Mon Jul 08, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3968

Re: Going to law school question

Next, you make some statements that are concerning to me. I don't particularly care that you "kind of," but "not really" want to be a lawyer. It's your money, your time, and your life. Waste it away for all I care. Nor do I care that you "won't be practicing any real law, nor have any real clients ...
by srt7
Mon Jun 24, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 82
Views: 7720

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

Good points. I'd prefer to stay in ATL or Vancouver probably. My wife has made sacrifices already earlier on by moving over seas for a few years since I wanted to try something different. We have a very healthy emergency fund of at least 6 months, with option to stretch up to 2 years if we had to t...
by srt7
Mon Jun 24, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 9824

Re: Frugal or cheap?

Couple kids will not fit in 1400 sqft. Yeah, yeah, I know they did back in 50s or whatever but now they won't.

If I were you I would just buy another house rather than sink in $100K in to the current house.