Search found 3184 matches

by simplesimon
Thu Jan 17, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7052

Re: Should I buy a house in the Bay area or give up?

Give up until you have another person's salary to help buy the house. That is, get married to someon who works or have working roommates so you can charge rent. Agreed. I would give up if I was not getting any outside help. You're likely much better off renting and saving/investing the difference. ...
by simplesimon
Sat Jan 12, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

Another vote for labratory diamonds. They are just as real (i.e., contain carbon, with fewer imperfections and equal or greater compression) as carbon compressed under the earth. They are more environmentally sustainable. Why dig something out of the earth when the same thing can be made for less m...
by simplesimon
Thu Jan 10, 2019 3:38 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

Telling people how to spend their hard-earned money. Seriously out of touch. Poor diamond miners have to feed their families too. Helping people see through decades of advertising that has been very effective at almost brainwashing a population = priceless. They only want to spend their hard-earned...
by simplesimon
Sat Jan 05, 2019 9:50 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

I'm the opposite in this case. I think it's cooler that something came from the ground than manufactured in the lab. It is interesting to see the kind of debate the engagement ring topic creates vs any other luxury good or service posted about on Bogleheads. Diamond engagement rings and white weddi...
by simplesimon
Sat Jan 05, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

Another vote for labratory diamonds. They are just as real (i.e., contain carbon, with fewer imperfections and equal or greater compression) as carbon compressed under the earth. They are more environmentally sustainable. Why dig something out of the earth when the same thing can be made for less m...
by simplesimon
Fri Jan 04, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

BoggledHead2 wrote:
Thu Jan 03, 2019 1:52 pm
10K in my area is “average”

I’m trying to spend half that if possible
$5k will still get you a great albeit smaller diamond. I stand by my recommendation to check out the Pricescope forum and shopping a vendor like WhiteFlash (I'm not affiliated with them).
by simplesimon
Thu Jan 03, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7347

Re: Engagement Ring (Affordable)

I'm guessing your girlfriend wants a nice piece of jewelry if your budget is $10k.

I had a great experience with WhiteFlash and believe they (and other similar vendors recommended on Pricescope) offer the best value assuming you're looking for a round or princess cut.
by simplesimon
Wed Jan 02, 2019 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5272

Re: CPA suggesting I don't contribute max to 401k this year?

It's possible that at a very high savings rate and low spend rate you'll have so many assets in pre-tax accounts that RMDs push you into a higher tax bracket when you reach that age. You could decide to save at this rate for 10 years and live like Mr. Money Mustache and in that case you'll probably ...
by simplesimon
Tue Jan 01, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on Long Term Disability insurance for a Handyman
Replies: 5
Views: 329

Re: Looking for advice on Long Term Disability insurance for a Handyman

You will need to buy a policy from an agent, and there are a couple good ones that might provide replies here. There are some nuances to disability insurance that you should be aware of and I usually recommend WCI's series on the topic: https://www.whitecoatinvestor.com/personal-finance/insurance-mo...
by simplesimon
Mon Dec 24, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: how to effectively trade off location & price? (Boston area)
Replies: 57
Views: 2778

Re: Home purchase: how to effectively trade off location & price? (Boston area)

My wife and I will be doing a similar home search in the next year or two, although we are looking a little bit more south along 128/95 (Dedham, Westwood, Norwood, Canton) as I commute into Boston by train and am trying to limit door-to-door time to ~60 minutes. I do look at how prices have apprecia...
by simplesimon
Fri Dec 21, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10070

Re: I feel cheated, saved too much in 401K vs cash.

I had a friend who invested in a Brownstone in 2003 with 50K down and 300K borrowed she sold her brownstone in Bed Stuy in 2016 for 1.5 million. She was not convinced that my years in the stock market 1987 to present with high value $1,592,000 this August 27,2018 that it was worth her time. She did...
by simplesimon
Thu Dec 20, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: FAANG
Replies: 48
Views: 3707

Re: FAANG

Valuethinker wrote:
Thu Dec 20, 2018 8:04 am
You don't have to be a bad company to wind up with a big fall in share price.
+1. There is significant reliance on future growth in the present value of these firms. Even slight downward adjustments in these assumptions have a huge impact on the PV. Run the numbers for yourselves and see.
by simplesimon
Thu Dec 20, 2018 8:08 am
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10070

Re: I feel cheated, saved too much in 401K vs cash.

I had a friend who invested in a Brownstone in 2003 with 50K down and 300K borrowed she sold her brownstone in Bed Stuy in 2016 for 1.5 million. She was not convinced that my years in the stock market 1987 to present with high value $1,592,000 this August 27,2018 that it was worth her time. She did...
by simplesimon
Mon Dec 03, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement logistics (help with timing)
Replies: 5
Views: 717

Retirement logistics (help with timing)

I help out my parents with their retirement planning as their English isn't great. I have some questions that maybe someone would be able to answer with with regards to timing. Some background info: My parents want to retire in December of 2019. My father will be 68 in December 2019 and has been wit...
by simplesimon
Fri Nov 23, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Is this considered capital gains or income?
Replies: 27
Views: 2192

Re: Is this considered capital gains or income?

I would have a lot of questions if you brought this to me. Was it a loan or an investment with an ownership interest? What is the legal structure of the business? Is he buying you out or is this a distribution of earnings? Assuming you acquired an ownership interest, and that he is now buying you o...
by simplesimon
Fri Nov 23, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Is this considered capital gains or income?
Replies: 27
Views: 2192

Re: Is this considered capital gains or income?

I think this requires more info. Are you legally a stakeholder in the business and are selling your shares or are you receiving a dividend? Was your investment a gift and he's gifting you back with a very generous ROI?

A couple posters above beat me to it!
by simplesimon
Thu Nov 15, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1202

Re: Embarrassing simple calculation question

greenback wrote:
Thu Nov 15, 2018 12:19 pm
This is still off by $2.99 but i'm attributing that to my rounding.
Not a rounding error.
by simplesimon
Thu Nov 15, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1202

Re: Embarrassing simple calculation question

rasta wrote:
Thu Nov 15, 2018 1:00 pm
ignore the investment rate, it is a complex formula that really makes no sense.

you are earning 68.55 for 54 days. (not 56 as some are using)

daily interest is 1.269

1.269 x 365 = 463.19

463.19/20k = .0232
Why only 54 days? This makes the math work on my end.
by simplesimon
Thu Nov 15, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1202

Re: Embarrassing simple calculation question

I'm getting something close to 2.24%, so I would also like to know.
by simplesimon
Tue Nov 13, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29657

Re: [Financial] Habits of the Rich

I would have to debate calling most people here rich. To me, rich is at the level when you are well past the FIRE stage (Financial Independence, Early Retirement). Of course, you can eventually become rich, but most people here would not qualify. I would say that you are rich if your assets are pro...
by simplesimon
Tue Nov 13, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1181

Re: Purchasing New Home - Down Payment 20 or 25%??

We're set to close on a new home in a HCOL area in the next month or so. The house price is ~$655k, and we are considering putting down either 20 or 25 percent. In addition to the mortgage and taxes, we'll have an HOA payment of $200/month. Some Details I'm in late 30s; SO in early 30s Current Inco...
by simplesimon
Mon Nov 12, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Paying life insurance for parents
Replies: 13
Views: 1328

Re: Paying life insurance for parents

Her social security would step up after he passes. Does the pension have a survivor benefit?
by simplesimon
Tue Nov 06, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7646

Re: Never thought of living in Bay Area but just got a call from Tesla

Are you single or have kids? If not, what do you have to lose? What do you do after 5:40pm?
by simplesimon
Fri Nov 02, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 4140

Re: Thoughts on the New Macbook Air?

I, too, have a 2010 MBP and upgraded the RAM to 8gb a couple of years ago. I'm thinking about upgrading the RAM again to 16gb, adding a SSD, and replacing the battery. How easy is it to switch the HD to SSD and swapping the battery? The Amazon reviews for batteries don't look too promising. Anybody ...
by simplesimon
Fri Nov 02, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2431

Re: Weight Training After 70

In your 70s or 80s are you as interested in "gains" or maintaining fitness and flexibility? These aren't mutually exclusive. All of our bodies are in decline...you need to gain to help maintain. I'm likely missing something. I ran 3 miles this morning. Tomorrow I must run 4 or I don't gain? I walk ...
by simplesimon
Fri Nov 02, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2431

Re: Weight Training After 70

bloom2708 wrote:
Fri Nov 02, 2018 2:09 pm
In your 70s or 80s are you as interested in "gains" or maintaining fitness and flexibility?
These aren't mutually exclusive. All of our bodies are in decline...you need to gain to help maintain.
by simplesimon
Fri Nov 02, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

The reason renting is often a problem in HCOl area (ex NY) is because rent increases significantly year/year. It makes it hard to get ahead. For example our apartment went from $4,250 to $4,600 in one year. The other issue is that because rent is so expensive, it makes it harder to accumulate wealt...
by simplesimon
Fri Nov 02, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2431

Re: Weight Training After 70

I'd recommend a post at https://forum.barbellmedicine.com/forums The site is run by two doctors who are also strength coaches. The rehab section is run by two people who have a lot of training and experience. All four are very cognizant of the latest research. I used to recommend the Starting Stren...
by simplesimon
Fri Nov 02, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2431

Re: Weight Training After 70

The better approach is to train "movement patterns" rather than "muscle groups" because that's how we interact with our environment. We squat down, we bend over, we pick things up, and we lift and move things over our heads. Check out Starting Strength, which is a program focused on squats, deadlift...
by simplesimon
Fri Nov 02, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: HDHP vs. PPO new family
Replies: 7
Views: 384

Re: HDHP vs. PPO new family

You need to lay out the premiums for the two plans and the deductibles. Are you able to max out your HSA contribution?
by simplesimon
Fri Nov 02, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I am not sure how one can compare level of spending between HCOL and LCOL. Beyond basic necessities I don't find much to spend money in a LCOL. Because there is nothing to do. It's not like you can buy expensive tickets at the Met and go to a 3* restaurant. On the other hand housing is not and "exp...
by simplesimon
Thu Nov 01, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I don't think qualitative factors are relevant if we're talking about "how do I get to the number I want in the shortest amount of time?". Neither is the buy vs rent argument because we assume the individual is pursuing the more effective option. The medical/dental/pharmacy professions are unique i...
by simplesimon
Thu Nov 01, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

If he or she gets an apartment in Manhattan for $4k/month, rent is only 36% of net income. Oh, I thought we were comparing apples to apples. My mortgage (and I was building equity) on my McMansion cost less than the RENT on that tiny apartment. You guys are comparing apples to oranges. I spend 20% ...
by simplesimon
Wed Oct 31, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6417

Re: Is an MBA worth it these days?

What's the difference in pay between what you earn now vs what you would earn in the role you want to be in? I changed careers and did a full-time program at a business school outside of the top 20 but was able to make the ROI worth it by networking very hard and landing a banking job (I have a biol...
by simplesimon
Wed Oct 31, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Is market cap weighting a dumb idea?
Replies: 64
Views: 3100

Re: Is market cap weighting a dumb idea?

I will not argue against this until somebody answers a basic question - why do you think this is true? What is the logic? amongst Faber's arguments, there's this point: But there's also a flaw with market cap weighting in that there is no tether to fundamentals. This surprises many people but the m...
by simplesimon
Wed Oct 31, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3677

Re: The most you ever paid for a prescription

I have seen a bill for Remicade that was something like $18k, infused once every eight weeks.
by simplesimon
Wed Oct 31, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Assuming similar cost structure in both areas (high paying job & high living expenses vs. lower paying job & lower living expenses), it's much easier to go from HCOL to LCOL than the other way around. The extra nominal dollars earned will just go farther elsewhere. Same applies globally. It's much ...
by simplesimon
Wed Oct 31, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11295

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Assuming similar cost structure in both areas (high paying job & high living expenses vs. lower paying job & lower living expenses), it's much easier to go from HCOL to LCOL than the other way around. The extra nominal dollars earned will just go farther elsewhere. Same applies globally. It's much e...
by simplesimon
Wed Oct 31, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

What I have learned from this offer and thread is that having a larger cash "uninvested" portion of savings can be used for the sole purpose of chasing short-time rewards. I could only come up with $25,000 (Vanguard mmkt. account, plus Ally savings acct.), because the rest of my funds are invested ...
by simplesimon
Wed Oct 31, 2018 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5817

Re: Tax refunds expected to be 26% more in 2019

Sadly, I am one of those who didn't adjust withholdings for 2018. But a nice big refund would be a pleasant surprise in February. It will go straight to our mortgage. You have two months. What’s stopping you? Laziness. We have an electronic W4 at my company through ADP that makes updating withholdi...
by simplesimon
Mon Oct 29, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 6335

Re: Anyone else feel giddy every time VXUS gets creamed?

More annoyed that I have to wait for 30-days to avoid the wash rule.
by simplesimon
Mon Oct 29, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 5048

Re: Should I co-sign for relative?

That's nuts. One can't afford a 900/mo lease if one doesn't have the credit to back it up. Simple as that. Car finance companies will fall all over themselves to lend money to just about anyone with a pulse; the fact that they will not, in this case, do the same is a great indication that this is a...
by simplesimon
Mon Oct 29, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36951

Re: Steak Dinner and Annuities: Retirement Product Surges After Fiduciary Rule’s Demise

How does one get invited to these free dinners? Maybe I am too young and poor.
by simplesimon
Fri Oct 26, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

simplesimon, did you sign up for the promotion during the signup period? That's the other initial requirement. Yes, me and my wife are both Ally customers with our own logins. Both email accounts were registered during the sign-up period (we both got separate confirmation emails). Once the funds ge...
by simplesimon
Fri Oct 26, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I currently have an open empty Ally savings linked to my vanguard that I used before prime money market's yield went higher. If I want to sell $100k of prime money market and have it get to ally in time, do I need to initiate the trade by the end of the day today? I thought money market funds settl...
by simplesimon
Wed Oct 24, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I should have been more specific...as mentioned earlier in the thread my plan was to push from Vanguard to Ally into our joint checking account, then have each of us open our own CDs.
by simplesimon
Wed Oct 24, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

4) They cannot take funds sent to the joint account, then moved to the 2nd owner's account, and give that 2nd owner "credit". Once the funds hit the joint account, the "credit" is flagged and that's that. So the ONLY way to get twice the reward is to send the funds to two individual accounts, or re...
by simplesimon
Thu Oct 18, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Do we have the definitive answer about how to get > 1K with two people? Via online chat (I have this saved): Me: so for example, if we have a joint checking account and bring in $200k, and then transfer $100k each to our own separate accounts, we'll each get the bonus? Rep: That is correct. I plan ...
by simplesimon
Thu Oct 18, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 561
Views: 59779

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I think that this is such a good deal that my wife and I will do it for the max each of $100K, even with the uncertainties involved. The upside if it works out is so much larger than the downside, even if Ally didn't pay any bonus. Yep, came to the same conclusion. Planning on moving $200k from Van...