Search found 10291 matches

by KlangFool
Sat Nov 03, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

OP,

MIT, Princeton, Yale, Harvard and so on classes are freely available online. It is up to the individual to decide whether they want to learn those stuff.

KlangFool
by KlangFool
Sat Nov 03, 2018 5:49 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

For e.g., I did electrical engineering at USC with specialization in computer networks. Very good curriculum and I learnt a lot. rocketfast, I did my master thesis on computer networking when my university did not have a class in computer networking. I read Andrew S. Tanenbaum's book and installed ...
by KlangFool
Sat Nov 03, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4836

Re: Engineering school

OP, I did my BSEE and MSEE in a decent in-state university. I worked part-time at the university computing center for 5 years while I was doing my degree. When I graduated, I started working as a person with 5 years of relevant working experience. Nobody even cares to look at my degree and/or my CGP...
by KlangFool
Sat Nov 03, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Close to the Bull Trap phase of the market cycle
Replies: 32
Views: 2771

Re: Close to the Bull Trap phase of the market cycle

No, I started investing around 2016. My portfolio is still up. But, I have never seen a bear market so I am thinking carefully about my risk appetite (instead of converting to cash) and how I would react if portfolio went down 20-30%. neuroawesom, 1) You won't know at all. You are just guessing how...
by KlangFool
Sat Nov 03, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Close to the Bull Trap phase of the market cycle
Replies: 32
Views: 2771

Re: Close to the Bull Trap phase of the market cycle

I am thinking of converting my portfolio into Cash and put in CDs/savings and wait for correction (portfolio is still up a few percentage points). neuroawesom, 1) There will be a bear market sometime in the future. 2) Why do you need to know when it will happen? 3) Won't it be better if you do not ...
by KlangFool
Sat Nov 03, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: What FIRE says to me [Financial Independence, Retire Early]
Replies: 10
Views: 1110

Re: What FIRE says to me [Financial Independence, Retire Early]

OP, My older brother was a General Manager of an MNC when he early retired at 49 years old. In between his full-time jobs, he started 3 companies and sold 2. Essentially, he had done whatever he wanted to achieve in his career and businesses before 49 years old. There is no reason to spend more time...
by KlangFool
Sat Nov 03, 2018 9:55 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: 10977

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

I'll give you partial credit for sports, but technically, Arrowhead Stadium and Kauffman Stadium are in Missouri. By the way, I'm impressed you know about those two stadiums. Read more about the Kauffman family's donations to bring the Performing Arts to Kansas City https://image.ibb.co/m4kWsf/300p...
by KlangFool
Sat Nov 03, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2360

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

I can view the online version of most newspapers (proquest) and magazines (flipster) with my library card. Or, use a chrome incognito browser instead. Can you describe more about this? Going to the physical library is not going to replace a daily newspaper delivery for me. Maybe when I'm retired. l...
by KlangFool
Fri Nov 02, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2360

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

OP,

My local library provides local electronic subscription/access to most magazines. For anything else not on the e-subscription, it has a physical copy. So, I do not need to subscribe to any of those magazines.

KlangFool
by KlangFool
Fri Nov 02, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a waste keeping money in a money market account?
Replies: 33
Views: 6995

Re: Is it a waste keeping money in a money market maccount?

I have about $60K in a money market account, with $15-20K of that being allotted for emergency fund and the rest for a down payment. I hate leaving this much in a money market account however I may need it within the next few years. Is this a suitable place to store this much money given my goals o...
by KlangFool
Fri Nov 02, 2018 2:17 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: 10977

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

LOL. You've obviously never been to Kansas City. You have MORE of all those things, but how much better is 24,000 restaurants over 5,000 restaurants? Large metropolis's have their own problems, but KC in no way compares to the quality of restaurants, or entertainment in general, to SF, DC, NY, etc....
by KlangFool
Fri Nov 02, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: What is an "advanced" investor?
Replies: 34
Views: 2567

Re: What is an "advanced" investor?

OP,

1) An advanced investor is someone that had FIRE (Financially Independent Retired Early).

2) A website for an advanced investor is a website that discusses how to withdraw and spend money in early retirement.

KlangFool
by KlangFool
Fri Nov 02, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?
Replies: 40
Views: 2048

Re: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?

OP, 1) A more relevant discussion will be the growth versus value. Some folks believe the value factor generate an additional return. I held Wellington fund and Small Cap Value fund for this reason. 2) As I had repeatedly told many folks in this forum if you believe that active management will gener...
by KlangFool
Thu Nov 01, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Negotiate Washington Post Subscription
Replies: 15
Views: 1711

Re: Negotiate Washington Post Subscription

Thought I should update you on my results after initially cancelling my subscription. In two phone call attempts I was unsuccessful in getting them to renew my subscription at less than $100 for next 52 weeks. Ultimately, I renewed at the posted online rate which is currently $129.95 + $4.95 activa...
by KlangFool
Thu Nov 01, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372179

Re: What are you up YTD? [Year To Date]

-0.57% YTD for a 60/40 portfolio.

All is well! Finally some TLH opportunity. More TLH in the 11/2018.

KlangFool
by KlangFool
Thu Nov 01, 2018 10:06 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: 10977

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

We lived for 20 years in a LCOL. My wife and I are physicians. We did residency training in Chicago, after which we moved to a small college town in the Midwest where we practiced for 20 years. Our incomes in this LCOL area were actually at par or higher than physician incomes in HCOL areas. Fewer ...
by KlangFool
Thu Nov 01, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

I'm not really that close right now. I'm 56, and putting two kids through college, business owner. Reducing my income would cause bigger problems, and faster. For the time being I'm paying those subsidies, not collecting them. imoldfella, I am a salary worker. I am putting my 2 kids through college...
by KlangFool
Thu Nov 01, 2018 9:07 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: 10977

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 KlangFool
Thu Nov 01, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

So much for all the advance "news" about at 6% increase. Its hard to make sense of this financially. At over 2K/month, it doesn't pay for anything except catastrophic events. Of course if you did end up needing something, the medical system would happily charge you 2-3X more than they charge the in...
by KlangFool
Wed Oct 31, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

OP, I am not you and you are not me. So, you need to choose a balance between saving and spending. There are two possible approaches that work across your income level. A) Save X% of your gross income. For example, save 33% of your gross income. You can pick any number. Just do 'Pay Yourself First" ...
by KlangFool
Wed Oct 31, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2241

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

Hello, After reading Taylors 3 Fund book and several others I'm pretty convinced the main threat to my portfolio is myself (by the way of behavioral errors). Would it be correct to say that the Target Life funds are even more of a Bogle Head approach than the 3 fund portfolio? I’d say so. Target Re...
by KlangFool
Wed Oct 31, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

sergio, You still have to think very hard on this. At 12% tax bracket, you have a very good chance to get financial aid for your kids if you do not have the 529. So, is the $500 tax credit worthwhile? KlangFool Financial aid can mean a lot of different things. It can mean grants, scholarships or lo...
by KlangFool
Wed Oct 31, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

OP,

Have you maxed up your Trad. 401K in the first place? If not, why are you considering the taxable account and/or 529?

KlangFool
by KlangFool
Wed Oct 31, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

Thanks KlangFool. Does point (2) hold if there is a state tax credit? In our state a $1000 contribution to any state's 529 plan gives us a $500 tax credit (at a federal AGI of up to $75,000, phasing out completely at $100k). sergio, You still have to think very hard on this. At 12% tax bracket, you...
by KlangFool
Wed Oct 31, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investment/Retirement Mentality - Home Purchase
Replies: 14
Views: 594

Re: Investment/Retirement Mentality - Home Purchase

I'm looking to purchase a home soon and I'm wondering if my mentality/mindset is correct in regards to the purchase. I'm trying to follow the "pay yourself first" mantra of saving for retirement and, as such, am trying to figure out what I can afford as a mortgage. The main question that I'm unsure...
by KlangFool
Wed Oct 31, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

99% of the posts I see recommend the following investment path: traditional 401k to match -> HSA -> Roth (or trad?) IRA -> max out 401k -> 529 -> taxable etc... My question is about the bolded item. Does anyone here wait until the last minute to fill up their IRA? I am a partner at a company that p...
by KlangFool
Wed Oct 31, 2018 11:38 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: 10977

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

OP, When you asked the wrong question, you will never get the right answer. FI has nothing to do with HCOL or LCOL. It has to do with the saving rate. If a person could save 1 year of expense every year, the person could FI quickly. This could be achieved in an HCOL or LCOL area as long as the pers...
by KlangFool
Wed Oct 31, 2018 9:08 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: 10977

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

OP, When you asked the wrong question, you will never get the right answer. FI has nothing to do with HCOL or LCOL. It has to do with the saving rate. If a person could save 1 year of expense every year, the person could FI quickly. This could be achieved in an HCOL or LCOL area as long as the perso...
by KlangFool
Wed Oct 31, 2018 8:31 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: 10977

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

OP, Just to show you that how irrelevant this question is for some folks. A) I telecommute for my US job for a few years out of Asia. My living expense for an upper-middle-class family in that country is about 1K to 2K per month. B) My family member worked as a US Ex-pat in Asia. His monthly rent is...
by KlangFool
Wed Oct 31, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 8966

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Show me the man who is certain the stock market will return x % over x amount of years and I'll show you a fool not worth his salt. We are passive investors, therefore we don't expect to make great returns on our investments. We don't analyze stocks and buy companies at a "bargain price". We don't ...
by KlangFool
Wed Oct 31, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Negotiate Washington Post Subscription
Replies: 15
Views: 1711

Re: Negotiate Washington Post Subscription

Thought I should update you on my results after initially cancelling my subscription. In two phone call attempts I was unsuccessful in getting them to renew my subscription at less than $100 for next 52 weeks. Ultimately, I renewed at the posted online rate which is currently $129.95 + $4.95 activa...
by KlangFool
Wed Oct 31, 2018 8:12 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: 10977

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

OP, I save at least one year of expense every year. This is independent of where I live and how much that I get paid. So, other than my big mistake of gambling on Telecom stock that wiped out 50% of my savings/investment, I would be FI in 25 years or less. I am an engineer. I always get paid well as...
by KlangFool
Tue Oct 30, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: "Do you have any questions for the interview panel?" Suggestions.
Replies: 14
Views: 1238

Re: "Do you have any questions for the interview panel?" Suggestions.

OP,

What do you see as a critical success factor for somebody in this role?

KlangFool
by KlangFool
Tue Oct 30, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

99% of the posts I see recommend the following investment path: traditional 401k to match -> HSA -> Roth (or trad?) IRA -> max out 401k -> 529 -> taxable etc... My question is about the bolded item. Does anyone here wait until the last minute to fill up their IRA? I am a partner at a company that p...
by KlangFool
Tue Oct 30, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

99% of the posts I see recommend the following investment path: traditional 401k to match -> HSA -> Roth (or trad?) IRA -> max out 401k -> 529 -> taxable etc... My question is about the bolded item. Does anyone here wait until the last minute to fill up their IRA? I am a partner at a company that p...
by KlangFool
Tue Oct 30, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1468

Re: Finer points of Roth vs traditional IRA

99% of the posts I see recommend the following investment path: traditional 401k to match -> HSA -> Roth (or trad?) IRA -> max out 401k -> 529 -> taxable etc... My question is about the bolded item. Does anyone here wait until the last minute to fill up their IRA? I am a partner at a company that p...
by KlangFool
Tue Oct 30, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4921

Re: Should I co-sign for relative?

1. This car is more than I pay for housing. 2. Also, if the lessor has decided that the relative can't pay, why have you decided the situation is different? 3. Over a 3 year lease, this would be $32,400. Consider that at 3 years a car will be worth half of its new value. Is the car really worth 60k...
by KlangFool
Tue Oct 30, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4757

Re: Calculating ROI for PhD

OP,

1) What do you have at this moment? Bachelor Degree? Master degree? In many cases, the Ph.D. will not provide additional income if you have a master degree now.

2) IMHO, if you need to calculate the ROI of the Ph.D., you should not get a Ph.D.

KlangFool
by KlangFool
Tue Oct 30, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Nor was I... or 95% of Americans. Thats the thing that gets lost in these threads. The standards and expectations on this board are stratospheric compared to average Americans. People are bashing this family, but if we look at statistics their "low savings" is already more than 80 or 90% of househo...
by KlangFool
Tue Oct 30, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4921

Re: Should I co-sign for relative?

Apologies for the lack of details: This is for a personal vehicle, not a work vehicle. Relative is currently leasing a luxury vehicle that is due back in a few days the current payment on it is $600/month which was paid for ontime for the past 3 years and is being given back in perfect condition. T...
by KlangFool
Tue Oct 30, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Fidelity recommends that a family should have 2X salary saved up in retirement by the age of 35. Those are extremely rough guidelines. If you suddenly get a big raise, and you no longer have the 2x number saved, does that mean you're doing WORSE? Or vice versa, if the OP's wife gets laid off, now s...
by KlangFool
Tue Oct 30, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Nor was I... or 95% of Americans. Thats the thing that gets lost in these threads. The standards and expectations on this board are stratospheric compared to average Americans. People are bashing this family, but if we look at statistics their "low savings" is already more than 80 or 90% of househo...
by KlangFool
Tue Oct 30, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Nor was I... or 95% of Americans. Thats the thing that gets lost in these threads. The standards and expectations on this board are stratospheric compared to average Americans. People are bashing this family, but if we look at statistics their "low savings" is already more than 80 or 90% of househo...
by KlangFool
Mon Oct 29, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Is the growing national debt a reason to diversify with international?
Replies: 33
Views: 3396

Re: Is the growing national debt a reason to diversify with international?

OP,

Do not put all your eggs into one basket is a good enough reason. It is the same reason why I am not 100% stock. Or, I am keeping my 30 years fixed rate mortgage.

KlangFool
by KlangFool
Sun Oct 28, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

I have periodically tracked my expenses via spreadsheet and not once did I spend under $600/mo just on groceries alone, not counting eating out. What am I doing wrong? We coupon and everything, even. justsomeguy2018, 1) You spend first and save later. You should do the reverse. Save first and spend...
by KlangFool
Sun Oct 28, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

OP,

I believe that you have no idea where you spend your money. Those listed items do not add up to 112K per year. You should start by keeping track of your expenses.

KlangFool
by KlangFool
Sun Oct 28, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

House is 1700 sq ft. 3br, 2ba. It's actually on the lower-end price range in our market and in a lesser-desirable neighborhood. Could very easily have spent $100k-$200k more on a house in our market. With potential kids coming down pipeline, downsizing isn't option. Don't think the house is the iss...
by KlangFool
Sun Oct 28, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

I thought they recommended 6 mos of living expenses in case of emergency? I made it a year to be conservative. Do you think it needs to be even longer? Feel like it would be better to put the extra money in the 401k contribution, no? justsomeguy2018, You could have 6 months of emergency fund instea...
by KlangFool
Sun Oct 28, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Thanks for replies - I should probably add - these salaries are fairly recent (within past year), we were making less money per year prior to that. justsomeguy2018, <<House Payment: $2600/mo Current Net positive monthly cash flow: +~$3,000 (not counting bonus salary)>> You have 232K of gross income...
by KlangFool
Sun Oct 28, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12619

Re: Am I doing well financially?

Thanks for replies - I should probably add - these salaries are fairly recent (within past year), we were making less money per year prior to that. justsomeguy2018, <<House Payment: $2600/mo Current Net positive monthly cash flow: +~$3,000 (not counting bonus salary)>> You have 232K of gross income...