Search found 4775 matches

by HEDGEFUNDIE
Sun Feb 18, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 12068

Re: Job is starting to suck the life out of me.

You just need to realize it's part of the human condition and put a bit of a shell around yourself and not take it too seriously as much as possible. This is key. I find it useful to remind oneself that it’s just work, no one will die or get hurt because anything I do (true of vast majority of Mgea...
by HEDGEFUNDIE
Thu Feb 01, 2018 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Importance of State Residency if Traveling Consultant?
Replies: 3
Views: 1097

Re: Importance of State Residency if Traveling Consultant?

If you live in a state with income tax, ALL of your income earned from ANY state will be taxed at your resident state's rates. Your resident state will then give you a credit for all the non-resident state taxes that you have to pay.
by HEDGEFUNDIE
Sat Jan 27, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Buying a house now versus waiting (Bay Area)
Replies: 35
Views: 8707

Re: Buying a house now versus waiting (Bay Area)

My wife and I just moved to the Bay Area and are looking to buy. We are DINKs, so we’re curious what are the towns on the Peninsula *without* good schools? Looking for value here. Thanks.
by HEDGEFUNDIE
Wed Jan 24, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 29142

Re: In what ways could BogleHeads be badly wrong ?

2) Most economically relevant companies are not longer public --- If most of the greatest companies become privately owned (or government owned) --- This prevents the public markets from owning a significant % of the country's value --- Example: China I think this one is an underestimated risk on t...
by HEDGEFUNDIE
Wed Jan 24, 2018 8:11 pm
Forum: Personal Investments
Topic: Strategy to take a step off from work at age 35
Replies: 13
Views: 2640

Re: Strategy to take a step off from work at age 35

I think the real question is how the OP was able to accumulate $3.5M by the age of 35, while earning probably less than <$1M in total after-tax income over that time.
by HEDGEFUNDIE
Wed Jan 24, 2018 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Employer Being "Bought Out" By Another Company
Replies: 20
Views: 3246

Re: Employer Being "Bought Out" By Another Company

First ask why the acquirer is buying your company. For the products, the people, the customer base, the brand, something else? Then ask how your role fits into that rationale. If you can’t tell a good story about why you add value to the acquisition thesis, it might be a good time to start looking f...
by HEDGEFUNDIE
Tue Jan 23, 2018 9:27 pm
Forum: Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 64
Views: 8977

Re: 50% of my portfolio in FANG - 15% in NVDA

There are smarter ways to play the tech boom than to pick individual stocks.

Instead of NVDA, check out SOXL. It's a 3X leveraged ETF of 30 semiconductor stocks that is up 200% over past 12 months. Compare that to NVDA's 130%, you also diversify out company-specific risk.
by HEDGEFUNDIE
Tue Jan 23, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Working in the real world
Replies: 118
Views: 11582

Re: Working in the real world

Miamivice, in general, as a rule, people have more money than they show. It’s very very very (x1000000000) common to find husband + wife teams earning 250K x 2 = 500k in tech (new tech not old tech). At least in the SF Bay Area. Getting back to the point of the OP, the wages that folks claim on her...
by HEDGEFUNDIE
Sun Jan 21, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6551

Re: Discussing a 529 with your kids

The point about coaching your kids to obtain degrees that make better money - I have no problem with my kids taking philosophy, theatre, orchestra, etc classes. I think these are useful and do help create a more well rounded person. What I do have a problem with is paying for these things at some o...
by HEDGEFUNDIE
Sun Jan 21, 2018 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 44
Views: 16111

Re: Anyone at Goldman Sachs/Marcus bank 1.5%?

If I was going to open an FDIC insured savings account, I would at least open the one that pays the highest rate. 1.7% here. https://www.ablebanking.com/saving.aspx Rate can change and/or fall behind the competition. I would prefer to go with a bigger brand name (like Goldman) that needs to attract...
by HEDGEFUNDIE
Sun Jan 21, 2018 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6551

Re: Discussing a 529 with your kids

Those who are dictating what their kids should major in once they get to college should give their kids a little more credit. I would posit that the vast majority of 17 year olds who are intelligent enough to get into college are also intelligent enough to know how remunerative various career track...
by HEDGEFUNDIE
Sat Jan 20, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Discussing a 529 with your kids
Replies: 79
Views: 6551

Re: Discussing a 529 with your kids

Those who are dictating what their kids should major in once they get to college should give their kids a little more credit. I would posit that the vast majority of 17 year olds who are intelligent enough to get into college are also intelligent enough to know how remunerative various career tracks...
by HEDGEFUNDIE
Mon Jan 15, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Owning house in a trust?
Replies: 34
Views: 5490

Owning house in a trust?

First time homebuyer. When seller signed the contract it was signed “John Smith, not individually but solely as Trustee of the John Smith Revocable Trust.”

What is advantage of owning a home within an individual trust?
by HEDGEFUNDIE
Thu Jan 11, 2018 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 1342

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

An accounting degree is too general for a late career starter such as yourself. Others have posted why you’d be at a disadvantage. You should look for degrees with a more direct line of sight to good paying jobs. Data science is a super fast growing field. There is also an entire field that deals wi...
by HEDGEFUNDIE
Thu Jan 11, 2018 1:08 am
Forum: Investing - Theory, News & General
Topic: Kodakcoin
Replies: 101
Views: 11001

Re: Kodakcoin

I work in the corporate strategy team for a Fortune 500 company, and there have been serious discussions at the C-level about launching our own crypto coin. ICOs are becoming a legitimate alternative to equity and debt financing. Think about it from the CFO's perspective, if you have institutional i...
by HEDGEFUNDIE
Sun Jan 07, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 105
Views: 21085

Re: Small cap value vs. total market?

There is an argument against small cap outperformance that is based in changes to modern industrial structure: In short, the big companies are keeping the small guys down through the unprecedented power of network effects (due to technology) and monopoly (due to a weakened anti-trust regime). That'...
by HEDGEFUNDIE
Sun Jan 07, 2018 1:55 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 105
Views: 21085

Re: Small cap value vs. total market?

In conclusion, I find the several explanations for why SCV is an investing style of the past which will no longer yield excess returns to be self-contradictory. There is an argument against small cap outperformance that is based in changes to modern industrial structure: https://www.technologyrevie...
by HEDGEFUNDIE
Mon Jan 01, 2018 9:53 pm
Forum: Investing - Theory, News & General
Topic: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years
Replies: 45
Views: 7510

Re: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years

In any event, hedge fund strategies are designed to be lower risk, and generally acknowledged lower return as well, than the S&P 500 index. So what happened was what was expected, just like stocks are expected to beat 3-month treasuries in return . This is true, regardless of the # of people in the...
by HEDGEFUNDIE
Mon Jan 01, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: Rationale for a 30% ex-US equity allocation
Replies: 30
Views: 4560

Re: Rationale for a 30% ex-US equity allocation

I really don’t understand the aversion to true global market cap weighting on this forum. The US only represents a quarter of global GDP , and therefore we’re already over-represented in market cap indexes at 50%. Hi HEDGEFUNDIE. Is there a reason one's market-weight portfolio should instead be GDP...
by HEDGEFUNDIE
Mon Jan 01, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Alternative Investments
Replies: 31
Views: 4850

Re: Alternative Investments

According to modern portfolio theory, “true” diversification along the efficient frontier means the universe of investable assets, not just public equity and debt. Especially in the past decade or so we have seen the number of public equities decline as industries consolidate and companies of all si...
by HEDGEFUNDIE
Mon Jan 01, 2018 7:56 pm
Forum: Investing - Theory, News & General
Topic: Rationale for a 30% ex-US equity allocation
Replies: 30
Views: 4560

Re: Rationale for a 30% ex-US equity allocation

I really don’t understand the aversion to true global market cap weighting on this forum. The US only represents a quarter of global GDP, and therefore we’re already over-represented in market cap indexes at 50%. If nothing else, at least consider that international has lagged US for years now; keep...
by HEDGEFUNDIE
Mon Dec 04, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 52
Views: 13284

Re: Have I put too much into the 529 plan?

Ten years ago a year at Northwestern cost $46k (tuition + room + board). Now it costs $68k. That's a CAGR of 4.0%

Vanguard Total Stock Market grew at a CAGR of 7.7% over the same period. Gives me hope for my soon-to-be-born kids!
by HEDGEFUNDIE
Mon Nov 13, 2017 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 37165

Re: Why pay cash for a car?

Surprised no one has mentioned this yet. For those with limited credit history, a car loan is a relatively cheap way to increase your credit score. I was in my mid 20s and had a hard time getting my credit score up from the low 700s, as I all had to show on my credit history were credit cards. A 2% ...
by HEDGEFUNDIE
Sun Oct 22, 2017 10:52 pm
Forum: Personal Investments
Topic: First-timer portfolio review
Replies: 6
Views: 1045

Re: First-timer portfolio review

In the 33% tax bracket you do not want to be holding taxable fixed income. The Wellesley fund is not recommended for taxable accounts due to high level of taxes paid: marginal federal taxes + state tax + the ACA tax of 3.8% + 0.9% additional Medicare tax. You could be paying close to 44% on distrib...
by HEDGEFUNDIE
Sun Oct 22, 2017 2:15 pm
Forum: Personal Investments
Topic: First-timer portfolio review
Replies: 6
Views: 1045

First-timer portfolio review

Hello all, looking for some portfolio advice. Wife and I are in our early 30s, no kids yet. Live in Bay Area CA and we are in the 33% tax bracket. We have $800k in assets, distributed as follows: A. 5% No risk - Cash earning 1% B. 20% Low risk - Vanguard Wellesley in taxable account earning 5% after...