Search found 1018 matches

by HornedToad
Fri Jun 26, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 33623

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Regret theory says people regret and "feel" an actual loss much more than missing out on a potential gain. No one ever panic sells and leaves the market for 5 years for not making as much profit, but they sure do if they invest everything they own in the stock market on one really bad day and then ...
by HornedToad
Wed Jun 24, 2020 5:52 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 33623

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

Suppose I were advising that same person. I would explain how time in the market is important and that LSI is construed by many to be superior to the DCA they plan to do. But I understand how uncomfortable they are with LSI. So I would propose a trade-off. DCA the windfall as planned. The odds say ...
by HornedToad
Tue Jun 23, 2020 11:50 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 33623

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

This argument is veering on the absurd with its absolutes. If you believe the stock market always goes up in the long term and are looking at it from that perspective of volitility and rewards then Lump sum is always better. If you are instead defining risk and volatility in weeks or months then DC...
by HornedToad
Tue Jun 23, 2020 3:15 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 33623

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

This argument is veering on the absurd with its absolutes. If you believe the stock market always goes up in the long term and are looking at it from that perspective of volitility and rewards then Lump sum is always better. If you are instead defining risk and volatility in weeks or months then DCA...
by HornedToad
Fri Jun 19, 2020 11:17 pm
Forum: Investing - Theory, News & General
Topic: Google... [Why is Google not appreciating like other tech growth stocks?]
Replies: 54
Views: 4366

Re: Google...

... Amazon may have the first mover advantage, but Microsoft, in addition to compete with AWS with IaaS (Infrastructure as a Service) and PaaS (Platform as a Service), also has SaaS (Software as a Service) in Office and Dynamics (competing with Salesforce, SAP, etc). Amazon doesn't have a strong Sa...
by HornedToad
Fri Jun 19, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Google... [Why is Google not appreciating like other tech growth stocks?]
Replies: 54
Views: 4366

Re: Google... [Why is Google not appreciating like other tech growth stocks?]

Amazon and Microsoft also pays their employees waaay less than Google, which is like 20-40% below market. Speaking from first hand experience. Not sure if that's a contributing factor though. My 20 years plus years experience in this arena with the noted players would say otherwise. Compensation is...
by HornedToad
Fri Jun 19, 2020 6:29 pm
Forum: Investing - Theory, News & General
Topic: Google... [Why is Google not appreciating like other tech growth stocks?]
Replies: 54
Views: 4366

Re: Google...

In my opinion it's because of their enterprise cloud strategy. Let's take AAPL out of the lot because it's a different kind of company, because Apple's growth traditionally have come from selling devices, now they are transitioning more to services. AMZN and MSFT are the two enterprise cloud leader...
by HornedToad
Fri Jun 19, 2020 6:27 pm
Forum: Investing - Theory, News & General
Topic: Google... [Why is Google not appreciating like other tech growth stocks?]
Replies: 54
Views: 4366

Re: Google... [Why is Google not appreciating like other tech growth stocks?]

Amazon and Microsoft also pays their employees waaay less than Google, which is like 20-40% below market. Speaking from first hand experience. Not sure if that's a contributing factor though. My 20 years plus years experience in this arena with the noted players would say otherwise. Compensation is...
by HornedToad
Fri Jun 19, 2020 3:18 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10402

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

I wouldn't waste my time showing my house to someone who didn't have atleast a prequal letter. This is usually step one for serious home buying. If I was a broker or agent, I wouldn't take on a client who was unwilling to get prequalified upfront Agreed. The first step in working with a buyers agen...
by HornedToad
Tue Jun 16, 2020 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Should you take a counteroffer from your employer?
Replies: 34
Views: 3489

Re: Should you take a counteroffer from your employer?

In a 40+ year career in IT of observations as an employee, colleague and hiring manager. Just about every time a counteroffer was made and accepted, it didn't work out. Whether it was conscious or subconscious, both the management and colleagues came to resent the effective extortion. Almost univer...
by HornedToad
Mon Jun 15, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11511

Re: Prenup? What Should It Say?

IMO, when ALL gains from prior assets are owned by the asset owner and not have some form of split for both parties going forward, you are setting up the wrong incentives where marital assets are used for expenses and experiences and the savings is just your personal profit from pre-marital assets. ...
by HornedToad
Sun May 31, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially Take Job Offer or Not
Replies: 17
Views: 1644

Re: Potentially Take Job Offer or Not

When you are ready to switch jobs, read "First 90 days" as it talks alot about the moving too fast without understanding the situation. It's a good ready regardless of what you decide when in a new job
by HornedToad
Thu May 28, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: 1:1 salary and stock jobs?
Replies: 80
Views: 5553

Re: 1:1 salary and stock jobs?

I think the next question I have is: coming from a background in healthcare product development, how do I position myself to get one of these jobs at a tech company? If willing to go for lotto ticket instead, a biotech startup in Bay Area. If not, some biotech/pharma companies are starting to value...
by HornedToad
Sat Mar 07, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 117
Views: 8946

Re: Choosing a university/college for my son a future Computer Science Major

I would go big picture top down instead first. The CS program of a specific school is farther down the list in college decision. 1. What kind of school does he want to go to? University, Liberal Arts, Sports, What area of the country, etc 2. What types of companies does he think he wants to work for...
by HornedToad
Wed Jan 08, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 469
Views: 41766

Re: JPM Chase Reserve Card gets more expensive

If you travel for work and use this card, the annual fee is still paying you $50/yr, so I don't get what all the fuss is about. These cards aren't really valuable unless you travel significantly or dine out often. Example: -$550 annual fee +$300 travel/dining credit +$300 reimbursed travel expense ...
by HornedToad
Sat Dec 21, 2019 12:30 am
Forum: Investing - Theory, News & General
Topic: Recommendations of 100% stock lately
Replies: 246
Views: 18417

Re: Recommendations of 100% stock lately

My general advice is to hold SOME bonds at all ages, even if only 10%. Maybe I'm advising people to have a drag on their portfolios. Thoughts? People chasing performance is nothing new. They'll learn their lessons. Some might be more expensive than others. Being in accumulation phase, I like bonds....
by HornedToad
Sat Nov 16, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a fair price for a wealth manager financial advisor?
Replies: 43
Views: 3707

Re: Is this a fair price for a wealth manager financial advisor?

Scheduled to meet with a fee only financial advisor next week. Their group's fee is 10k per year plus 0.1% AUM. On investable assets of almost $5 million would be close to $15,000 per year. This seems high to me. What would be fair? I know you guys will say do it yourself using a three fund portfol...
by HornedToad
Wed Nov 06, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to collaborate with IT coworkers?
Replies: 6
Views: 664

Re: How to collaborate with IT coworkers?

Well you probably won’t get very far with that attitude. Put yourself in their shoes. Why do you think they take those approaches? Be charitable and assume good intention. For the case of your first coworker, do you check the wiki and other sources for the answer to your question before you call pe...
by HornedToad
Wed Nov 06, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve - Fees Waived?
Replies: 54
Views: 5545

Re: Chase Sapphire Reserve - Fees Waived?

I will be attempting to get the $75 fee waived on the 2nd card, saying we don't need the 2nd priority pass. I want the 4.25% equivalent value on dining/travel points redeemed for travel. My Uber card is going bye bye. My wife has the CSR and we decided to simply forego having a second card. I can s...
by HornedToad
Sun Nov 03, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 12660

Re: New Job, Depressed, Money issues

"The only way out is through". You need to embrace that philosophy and not start looking for easier or alternative solutions and focus on putting your head down and learning as much as possible. If you don't learn in time and end up getting fired, then you'll be in a much better situation for the ne...
by HornedToad
Sat Nov 02, 2019 8:16 pm
Forum: Personal Investments
Topic: Employee stock purchase plan - a no-brainer?
Replies: 11
Views: 1243

Re: Employee stock purchase plan - a no-brainer?

Basically anything better than a 5% discount is a no-brainer. I consider 5% right where the hassle factor, trade fees, lockup and fluctuation in price where it doesn't make it auto-matic.
by HornedToad
Tue Oct 22, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7574

Re: Is principal portion of mortgage counted for savings rate purposes?

I think of savings like what is my increase in net worth that I can control, e.g ignoring market fluctuations So in that case it is savings just like saving to 401k, Roth IRA or investment accounts. It’s just illiquid. However, I guess I treat it both ways when I look at monthly expenses, I count th...
by HornedToad
Wed Oct 16, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5451

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by HornedToad
Tue Oct 15, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6726

Re: Frustrated with dentist fees

You've literally started the exact same thread before on this website, the only thing different being the dollar amounts. Did you read the responses in your original thread? Did you read your dental insurance policy documents after the last "incident" and this new one? If I was the dentist, I'd cle...
by HornedToad
Wed Oct 09, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2895

Re: Dilemma buying a new house

We have already set up home equity line of credit in case we need to use it as part of the downpayment. Debt to income ratio with two mortgages is right at 36%. This is calculated by adding the mortgages, HELOC interest, credit card minimum payment and divide by gross annual income. The above seems...
by HornedToad
Sat Sep 28, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4127

Re: Employer is relocating - how to be allowed to work remotely

"I really like the company and mission and would like to continue delivering great work. Unfortunately it's impossible for my family to move with the relocation. Is there any way we could work something out to work remotely so I can continue to stay at the company and deliver great work? I would be ...
by HornedToad
Wed Sep 25, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4350

Re: Can I afford around a $2M home?

Sell the condo.

Anything under 2.5M is doable. 2M would be comfortable depending on other expenses
by HornedToad
Fri Sep 20, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 28192

Re: IT compensation comparison

Here we have relatively new software engineers making $250k+, but also have low level IT workers (IT helpdesk) making $85k after 3 years. That's a gigantic difference. I wonder why every IT person doesn't just get a job as a software engineer then? And why isn't every software engineer in the count...
by HornedToad
Thu Sep 19, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11725

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Even if you are let go immediately, most companies still pay out the two weeks. At least any of the good ones do
by HornedToad
Thu Sep 19, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 28192

Re: IT compensation comparison

Don't compare IT and Tech companies, they have different pay scales and skillsets. For skill sets in IT/Information Systems (IS) that do overlap (software engineering, data and analytics, Cloud, etc) then the pay scales are much closer although Tech companies still are significantly higher. Many com...
by HornedToad
Wed Sep 18, 2019 10:19 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas for February
Replies: 48
Views: 4327

Re: Vacation ideas for February

LiveSimple wrote:
Wed Sep 18, 2019 2:07 am
Bobby206 wrote:
Tue Sep 17, 2019 8:25 pm
Hawaii.
Anytime
Yep.

Hawaii, Costa Rica, French Polynesia (Bora Bora is the most beautiful place on earth), Fiji.

Fiji gives a nice mix of Mexico like activities (beach/pool volleyball, jetski safari, with Hawiaii level safety)
by HornedToad
Tue Sep 17, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary out of College
Replies: 38
Views: 2847

Re: Negotiating Salary out of College

Afty wrote:
Tue Sep 17, 2019 11:00 am
mak1277 wrote:
Tue Sep 17, 2019 10:57 am
I think your best bet is to secure another job offer (or more than one) if possible. This would give you both more information and possible leverage.
+1. Without another offer, you have very little leverage.
agreed
by HornedToad
Sun Sep 15, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34648

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

The takeaway is that you live on ~$3k/mo after housing/childcare costs for a family of 3. Seems frugal but reasonable as many others in America live on that or less. You've found ways to make it work and live a happy, luxurious life for yourself. It also helps having the safety net from high savings...
by HornedToad
Sun Sep 15, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34648

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

. We're going with my in-laws. They have a two bedroom timeshare and we'll stay there for no cost. The in-laws will also watch the kiddo while my wife and I take a snorkeling cruise together. The sunsets are lovely and free. I follow the same strategy with bonuses. What you're saying - in-laws pay ...
by HornedToad
Sun Sep 15, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Two Chase Sapphire Reserve Cards or one CSR + 1 other
Replies: 12
Views: 1581

Re: Two Chase Sapphire Reserve Cards or one CSR + 1 other

You can also request a replacement CSR if you want and give it to your wife to use as well so you both have one that just go to the same account. Thanks. Can you get a free replacement or do you mean $75 add on member. Free replacement. The Authorized member gets their own priority pass and you can...
by HornedToad
Sun Sep 15, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Two Chase Sapphire Reserve Cards or one CSR + 1 other
Replies: 12
Views: 1581

Re: Two Chase Sapphire Reserve Cards or one CSR + 1 other

There's no reason to have 2 CSR's. You can transfer UR points within a family and just use the Chase Freedom Unlimited for the other user. You can also request a replacement CSR if you want and give it to your wife to use as well so you both have one that just go to the same account. For other premi...
by HornedToad
Sun Sep 15, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34648

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Good job Ron 👍🏼. Life dealt you a hand, and you’ve played it phenomenally thus far. Haters are gonna hate 🤷🏽‍♂️. I find it funny when others say, oh no OP is doing this because of that and this, no OP is playing chess while you’re playing checkers. To answer your three questions, yes, the emergency...
by HornedToad
Sat Sep 14, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34648

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Good for you OP! I agree with other posters that it is eye opening how different tax liability can be. $1,700 per year federal and state combined ???? :sharebeer Seriously. This is messed up. Our income is over 400k and we paid over 75k in income taxes. So we make roughly 4x as much money and pay r...
by HornedToad
Sat Sep 14, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 34648

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

You bought your home at extreme low in 2010, otherwise you’d be commuting from Manteca to Silicon Valley. There is an element of good fortune that is enabling your ability to live in tri-Valley Bay Area. What % of current Bay Area residents have lived there since 2010 or earlier? I’d guess 80%. Pro...
by HornedToad
Fri Sep 13, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Move up in house?
Replies: 25
Views: 3002

Re: Move up in house?

Depends on whether it’s moving from 10% of gross to 20% for monthly mortgage or more like 20% to 40%. Since you won’t share numbers, but on 15 year mortgage, 33% down and presumably stable jobs, then do what makes you happy If not stable jobs or drastically over extending affordability (>35%+ Piti t...
by HornedToad
Fri Sep 13, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6899

Re: Whistleblowing / Going Rogue at Work

I would meet. You want changes done and improvements in it or you would not have sent emails. Now he has the power to make the changes and probably thank you for feedback. Not meeting makes you look overly paranoid and would discount what you've been communicating for the last year. You chose to ema...
by HornedToad
Thu Sep 12, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6447

Re: How many years for each $250k of net worth?

Both income and investment returns go up from the first $250k until income starts to flatline. Depending on how much you save your raises you can estimate something like 7 years, 5 years and then maybe perpetually 3-4 years afterwards depending on expenses/investment returns.
by HornedToad
Wed Sep 11, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 10009

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

$30Million or so. Or 4x life expectancy/annual expenses. e.g. 20 years life expectancy and 80 years of expenses.
by HornedToad
Fri Sep 06, 2019 11:53 pm
Forum: Personal Consumer Issues
Topic: Hilton Honors points stolen
Replies: 20
Views: 3377

Re: Hilton Honors points stolen

Happened to me as well. If you call Hilton they'll open a fraud case and eventually refund the points. Potentially give you a new membership number as well
by HornedToad
Thu Sep 05, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think is considered a "good" Paternity Leave policy?
Replies: 9
Views: 736

Re: What do you think is considered a "good" Paternity Leave policy?

6 weeks. Use within 12 months of birth and can be split

Then can take ~3weeks after birth and another 3 weeks after maternity leave ends or later in the year for more family bonding
by HornedToad
Wed Sep 04, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3573

Re: How often do you receive out-of-sequence pay bumps?

Every 3-4 years but will slow after next promotion as not much upward mobility after that. I'm 40s I've been told it's really only job changes as the career trajectory of early career growth flattens. That's why don't buy a house in mid 30s assuming same 2-5x+ salary growth as might have happened in...
by HornedToad
Wed Sep 04, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?
Replies: 20
Views: 1677

Re: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?

I ran the numbers and not being allowed to contribute $19,000 for a whole year ends up costing ~$146,000 in 30 years. I think that's how much less you'd have in tax-deferred, not what it would actually cost. I'd just take what you would have invested the first year, and invest it in a taxable accou...
by HornedToad
Wed Sep 04, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal Fee
Replies: 6
Views: 628

Re: Home Appraisal Fee

Take a higher rate so the negative points cover all expected closing costs to make it a no cost refinance
by HornedToad
Tue Sep 03, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5237

Re: Some Computer Science Career Advise?

Thanks so much for the responses! I had another talk with the senior director today. He says that he's had four people in the last nine months that have wanted to quit, and I'm the first one that he's offered to talk to (implying that he likes me). He said that the VP and Senior VP (reports to CEO)...
by HornedToad
Tue Sep 03, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 5237

Re: Some Computer Science Career Advise?

It’s time to leave. You went and got competing offer and it’s much better. Your company had the chance to retain you and chose not to. Of course your manager is scared you’ll leave, but he couldn’t get it done and the firm didn’t value promotion Once you’ve actually got the other offer, it’s time to...