Search found 3318 matches

by simplesimon
Fri Sep 13, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 5475

Re: Whistleblowing / Going Rogue at Work

You should hire an actor wearing a wire to go in your place and say he's someone else.
by simplesimon
Fri Sep 13, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 5475

Re: Whistleblowing / Going Rogue at Work

The only question that matters is why you took this path in the first place. I took this path because I wanted senior leadership to understand what's truly going on and how poorly this project is being run. Nothing illegal/illicit going on with the project, I just wanted to highlight how poorly the...
by simplesimon
Fri Sep 13, 2019 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 30
Views: 1287

Re: Prulife life insurance

Don't get the policy. Save and invest the dollars you'd be paying and gift that to the grandchildren.
by simplesimon
Thu Sep 12, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Mortgage Rates - Time to Refi?
Replies: 23
Views: 1281

Re: Mortgage Rates - Time to Refi?

I am currently three months into a 10/1 ARM at 3.375% and have not been able to get anything better. I see that purchase mortgages are offering much better rates than refinances.
by simplesimon
Sat Sep 07, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Options
Replies: 8
Views: 673

Re: Life Insurance Options

Need more information - what are your incomes and expenses? What is your current net worth?
by simplesimon
Thu Sep 05, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 3535

Re: Wedding/Engagement Ring Insurance

Wife has around a $15k ring. We bought insurance, pretty inexpensively. She cracked the center diamond, valued at over $10k from the crown straight to the bottom. Had to pay a deductible of $1k, got it replaced with a less expensive diamond, pocketed the difference. Diamonds are a sham, but if you ...
by simplesimon
Thu Sep 05, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1749

Re: Do you have disability insurance?

As an aside, does the Federal Gov't have some type of disability insurance? Yes it's called Social Security disability. The requirements to qualify are high and the payouts are low if you earned a good salary before the disability. The amount they'll pay is on your annual Social Security statement.
by simplesimon
Thu Sep 05, 2019 7:07 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 3535

Re: Wedding/Engagement Ring Insurance

RJC wrote:
Thu Sep 05, 2019 7:02 am
I'd like to get rid of it. I feel like there's a point somewhere when it's not worth paying every year.
Assuming the premium is competitive, it reflects the risk of loss. The variable here is your risk tolerance.
by simplesimon
Thu Sep 05, 2019 7:05 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 3535

Re: Wedding/Engagement Ring Insurance

Dear Friends, What is the consensus here about wedding/engagement ring insurance? Is it worth having? Is there a point where you can stop paying it? Our insurance is about $300 a year and covers a ring that was purchased for around $15,000 (8 years ago). Thanks in advance. Your rate sounds high, ma...
by simplesimon
Thu Sep 05, 2019 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1749

Re: Do you have disability insurance?

Yes we have it. Depending on who your insurance agent is and what he's trying to sell you, it can be good or bad. Disability insurance is much more complicated than term life insurance (which I hope you were shopping for in the first place). Term life is black and white: you're either dead or you're...
by simplesimon
Thu Sep 05, 2019 6:43 am
Forum: Personal Consumer Issues
Topic: Wedding/Engagement Ring Insurance
Replies: 64
Views: 3535

Re: Wedding/Engagement Ring Insurance

Dear Friends, What is the consensus here about wedding/engagement ring insurance? Is it worth having? Is there a point where you can stop paying it? Our insurance is about $300 a year and covers a ring that was purchased for around $15,000 (8 years ago). Thanks in advance. Your rate sounds high, ma...
by simplesimon
Tue Aug 27, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Buying term life because it's a "deal"?
Replies: 15
Views: 872

Re: Buying term life because it's a "deal"?

Who would be the beneficiary? Does he want a reason to die?
by simplesimon
Thu Aug 22, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 16265

Re: White collars- How much is your work downtime?

In a role that is dependent on deal flow. When the deals come in - $$$ is to be made and requires a lot of hours to close in a short time window. When the markets are slow then things are pretty quiet.
by simplesimon
Thu Aug 22, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Chinese property bubble?
Replies: 59
Views: 2778

Re: Chinese property bubble?

Folks, When you asked the wrong question, you will never get the right answer! 1) Is there any other alternative for the mainland Chinese to save and store their value? 2) What is the impact of this amount of money on the global economy? https://www.forbes.com/sites/lisachamoff/2019/07/18/foreign-i...
by simplesimon
Thu Aug 22, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Chinese property bubble?
Replies: 59
Views: 2778

Re: Chinese property bubble?

Folks, When you asked the wrong question, you will never get the right answer! 1) Is there any other alternative for the mainland Chinese to save and store their value? 2) What is the impact of this amount of money on the global economy? https://www.forbes.com/sites/lisachamoff/2019/07/18/foreign-i...
by simplesimon
Thu Aug 22, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: Chinese property bubble?
Replies: 59
Views: 2778

Re: Chinese property bubble?

If you live in a major city with new high rises going up take a look at who are buying the new units. A recent article in the Boston Globe about the Millennium Tower in Boston showed that a majority of buyers (I want to say over 70%, currently paywalled) were Chinese buyers and the units are unoccup...
by simplesimon
Wed Aug 21, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: When to "follow up" with colleague about job prospect
Replies: 19
Views: 1117

Re: When to "follow up" with colleague about job prospect

There's a difference between being direct and being blunt. I would set up a lunch or a coffee to "catch up" in a few months. Then during the meeting take the above suggestions one step further and be a little more aggressive: instead of saying "let me know if you need anything", ask directly "what ...
by simplesimon
Wed Aug 21, 2019 6:56 am
Forum: Personal Finance (Not Investing)
Topic: When to "follow up" with colleague about job prospect
Replies: 19
Views: 1117

Re: When to "follow up" with colleague about job prospect

I would set up a lunch or a coffee to "catch up" in a few months. Then during the meeting take the above suggestions one step further and be a little more aggressive: instead of saying "let me know if you need anything", ask directly "what can I do to help?". As for being more self-promoting I think...
by simplesimon
Wed Aug 07, 2019 6:14 am
Forum: Personal Finance (Not Investing)
Topic: San Jose (CA) cost of living
Replies: 36
Views: 3819

Re: San Jose (CA) cost of living

San Jose's a big place - what part of the city do you want to live?
by simplesimon
Tue Jul 23, 2019 5:32 am
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 10104

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

Those companies all throw off mind-boggling amounts of free cash flow. I can't disagree with you on this point but the question is of valuation. The growth part of the equation is what drives these valuations to eye-watering levels. Microsoft and Amazon currently have higher market caps than Apple,...
by simplesimon
Fri Jul 19, 2019 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

2) My definition of wealth is based on FI. I think this is a good point often overlooked. If the goal is to retire at the same standard as one lives then it's probably a wash assuming similar savings rates etc (I haven't actually run any numbers). If the goal is to have the most dollar amount possi...
by simplesimon
Thu Jul 18, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Returning to the OP: I am trying to determine if I could be achieving more financially if I moved to a larger city which would also mean HCOL most likely. I love in a small / mid size area now approx 300k people and not much population growth. Stable housing prices and population not declining nor ...
by simplesimon
Thu Jul 18, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Returning to the OP: I am trying to determine if I could be achieving more financially if I moved to a larger city which would also mean HCOL most likely. I love in a small / mid size area now approx 300k people and not much population growth. Stable housing prices and population not declining nor ...
by simplesimon
Thu Jul 18, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

2) My definition of wealth is based on FI. I think this is a good point often overlooked. If the goal is to retire at the same standard as one lives then it's probably a wash assuming similar savings rates etc (I haven't actually run any numbers). If the goal is to have the most dollar amount possi...
by simplesimon
Thu Jul 18, 2019 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Obviously HCOL areas provide higher incomes, but do they also provide higher net worths and more wealth building potential or is it essentially equal to LCOL areas in terms of net worth and wealth building due to the lower expenses in LCOL areas? I am trying to determine if I could be achieving mor...
by simplesimon
Thu Jul 18, 2019 5:17 am
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 3690

Re: How unpleasant is the home buying/selling experience??

We went with option 2 and bought our first home this year. The buying experience was not bad as we had a great agent and I did tons of research on homebuying but I think having to sell a house at the same time would have made the process much more stressful. We're in our 30's, rented the same apartm...
by simplesimon
Mon Jul 15, 2019 9:59 am
Forum: Personal Investments
Topic: Phase out EF [Emergency Fund]?
Replies: 111
Views: 5339

Re: Phase out EF?

There's no way to know going forward if having cash will hurt or help you.

If you keep a relatively fixed dollar amount in EF, it will phase itself out over time as you keep saving and investing and the proportion of cash to your total wealth diminishes.
by simplesimon
Tue Jul 09, 2019 5:06 am
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 73
Views: 6720

Re: (Tall) Buyer Beware: Honda Accord.

We're thinking about buying a Honda CRV - any tall people have similar issues?
by simplesimon
Tue Jul 02, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Are you a serious DIYer?
Replies: 84
Views: 6161

Re: Are you a serious DIYer?

This is a timely thread for us as we just bought our first house. It's 50 years old and had been decently maintained. I initially thought I'd outsource everything as I'm not particularly handy. My FIL is a serious DIYer (at least an 8 on the scale) and gifted me a bunch of tools that I don't know ho...
by simplesimon
Tue Jun 25, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: I-bonds vs Ally
Replies: 9
Views: 1431

Re: I-bonds vs Ally

Following.

I've been flip flopping on this over the past couple weeks. In the end I don't think it really matters.
by simplesimon
Sun Jun 16, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 12428

Re: With hindsight, what signs indicated you were about to lose your job?

When your a-hole of a boss hasn't spoken to you in over two weeks.

Always stay in touch with your network. I can only provide one data point, but I had an interview two weeks after the anticipated layoff and started the new gig three weeks after that for an unemployment total of five weeks.
by simplesimon
Sat Jun 15, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 93
Views: 8193

Re: IPhone 6 - showing some age

I have an iPhone 6 purchased in December 2015 that I have become very accustomed to and it has never given me any problems. It serves me well vs. the other way around. I recently noted the battery draining quite a bit faster than it used to, even with all the usual tips to keep it stronger. I took ...
by simplesimon
Thu Jun 13, 2019 2:07 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3577

Re: Purchasing home with less than 20% downpayment experiences?

One thing to be aware of is that offers with a lower down payment are considered weaker in competitive markets with multiple bids. Even if you have a pre-approval letter, it is not a bank's commitment to lend. A buyer with a lower down payment is considered a higher risk of not closing which may sca...
by simplesimon
Thu Jun 13, 2019 7:20 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3577

Re: Purchasing home with less than 20% downpayment experiences?

In the current market you should have no issues as long as you're willing to pay more.
by simplesimon
Wed Jun 12, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 20043

Re: Paying for rent is throwing away money...myth?

Quirkz wrote:
Wed Jun 12, 2019 10:33 am
I swear, half of the problem behind threads like this is people exclusively fixate on one or the other, and either don't see both types of argument at all, or their personal worries/blind sides heavily overweight one of the two.
People don't want to feel bad about the choices they've made.
by simplesimon
Wed Jun 12, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: What should we do next?
Replies: 13
Views: 1391

Re: What should we do next?

Thanks to everyone for their suggestions. Last night, I bumped up my wife's Roth IRA contribution....so now we are both maxing it out. I'll look at the 401K next to see what adjustments we might be able to make there. At what point should I contribute more to my HSA? Assuming the HSA has decent inv...
by simplesimon
Wed Jun 12, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 85
Views: 4229

Re: "Help Is Almost Here for Retirement Savers"

May be a good time to become an annuities salesman.
by simplesimon
Tue Jun 11, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 27204

Re: Can I afford this 2.3 million dollar home?

We always determined how much house we could afford by how much house would could pay for in cash. Through the years that number climbed and we would sell the one we were in and move up. Most of our lives we lived in a 200,000 to 300,000 house in a low cost of living area, plus we had a vacation ho...
by simplesimon
Tue Jun 11, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 27204

Re: Can I afford this 2.3 million dollar home?

We always determined how much house we could afford by how much house would could pay for in cash. Through the years that number climbed and we would sell the one we were in and move up. Most of our lives we lived in a 200,000 to 300,000 house in a low cost of living area, plus we had a vacation ho...
by simplesimon
Mon Jun 10, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Household income doubling to $500K, seeking advice
Replies: 9
Views: 1967

Re: Household income doubling to $500K, seeking advice

What's driving the $50k increase in budget? Do you feel like you're sacrificing a lot at $72k budget/year? Your asset base is modest compared to your new income. I would save aggressively for a few years so you have more options. Not sure where you currently work and live in the Bay but a $1M house ...
by simplesimon
Mon Jun 10, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 20043

Re: Paying for rent is throwing away money...myth?

At the tail ends of the bell curve, the main contributing factor for success and failure is leverage. When you buy something affordable you mitigate the failures. You can only know if you'd come out ahead in hindsight. Look at the pros and cons listed in this thread to help you decide what your prio...
by simplesimon
Mon Jun 10, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 27204

Re: Can I afford this 2.3 million dollar home?

Most of the relevant points here have been covered, but just to make explicit one that was implied in a few of the previous posts. Caution with the "forever home" concept. We took the plunge to buy our "forever home" 4 years ago at income levels and purchase price slightly higher than yours. While ...
by simplesimon
Mon Jun 10, 2019 8:29 am
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 18279

Re: Are You Dumping Netflix?

3 siblings and I split the cost for shared Netflix/Prime/HBO/Hulu. There is no way I'd pay for it alone/separate. Couldn't tell you the last time we actually watched Netflix, their programming has gone down the tubes the last year. Nothing worth watching. Does Hulu allow multiple streams at the sam...
by simplesimon
Fri Jun 07, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage
Replies: 6
Views: 755

Re: mortgage

I would think interest % be the only concern because you should be looking for 0 point loans since the payback most likely won't be there in 3 years. I have read in the past that some banks won't even do loans below a certain dollar amount too so look into that. As for your original question, check ...
by simplesimon
Fri Jun 07, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage
Replies: 6
Views: 755

Re: mortgage

How quickly would you pay the new mortgage off?
by simplesimon
Fri Jun 07, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5412

Re: Close to making an offer on a home

We are closing on our first house in about two weeks. I didn't realize how much there was to learn as first-time buyer and you should definitely be directing many of these questions to your agent, assuming he is good and on your side. I understand now why there's a clear distinction between "first t...
by simplesimon
Wed Jun 05, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39363

Re: For those who earn $500k+ per year. How'd you do that?

$1.1M Urologist Midwest/suburban major city 34 years old Employed group practice/RVU-based Wow. Very impressive. 1.1 million must put you above 90th percentiles among urologists. Congrats! It pays to be in the midwest. A friend of mine is an opthalmologist, and when he was looking for a job after t...
by simplesimon
Wed Jun 05, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Housing Thread (Gut Check)
Replies: 28
Views: 2181

Re: Yet Another Housing Thread (Gut Check)

Are you putting 20% down? If so, how comfortable are you having almost no liquidity after closing? If not, how comfortable are you paying higher interest? I'm going through this process right now and to me it looks like you're cash constrained, which will be an issue if 1) you need to pay for mainte...