Search found 615 matches

by mighty72
Sat Apr 03, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: 20.00 Small Potato Ethical Dilemma
Replies: 18
Views: 1966

Re: 20.00 Small Potato Ethical Dilemma

I won't call it reduce the rent.. sets false expectations. Maybe a gift to the tenant saying thanks for being good tenant and how much you appreciate them
by mighty72
Sat Apr 03, 2021 12:01 pm
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4545

Re: WSJ article "How to Know if Your Retirement Savings Are on Track"

Many more people are aware of their annual income than they are of their annual expenses. I wish it was not true. Hence, it is more useful to talk in multiples of income.

I do agree that multiple of expenses is a better benchmark
by mighty72
Mon Mar 15, 2021 9:53 pm
Forum: Personal Investments
Topic: DLP Capitol
Replies: 36
Views: 1706

Re: DLP Capitol

Older thread on same topic
viewtopic.php?t=338801
by mighty72
Sun Mar 14, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to be a good manager ?
Replies: 21
Views: 1206

Re: How to be a good manager ?

There is no one answer as you are dealing with people. I am in my second stint as a manager and both times what has helped me is that my team saw me as a technical expert with additional role. This is what I have learnt 1. You don't manage people; you manage their work and projects 2. Everyone in yo...
by mighty72
Sun Mar 07, 2021 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Internal salary negotiation with significantly appreciated RSUs
Replies: 47
Views: 4324

Re: Internal salary negotiation with significantly appreciated RSUs

The only time this will work is when you tell them that you are ready to leave. The only other time I have seen it work is if you are so crucial to the company that you leaving will have significant impact.

There is little incentive to increase your pay if you are not perceived as flight risk.
by mighty72
Tue Feb 23, 2021 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16734

Re: Private School - financially irresponsible?

OP, you are 32 and have 850k in savings. You are far ahead of many, many people in terms of savings for your age. You also earn 400k which is again a pretty high income; probably top 1%. You state school will be 25% after you pay taxes and put ~25k in retirement savings (max 401k and roth). The bigg...
by mighty72
Wed Feb 10, 2021 7:55 pm
Forum: Investing - Theory, News & General
Topic: WSJ | Fidelity Holds Secret Weapon to Take On Robinhood and Vanguard
Replies: 56
Views: 7872

Re: WSJ | Fidelity Holds Secret Weapon to Take On Robinhood and Vanguard

I know this is often discussed topic. I have been with fidelity for over 10 years. Maybe I am too poor but they have never called or send a mailer to signup for advisory service. Ok, maybe once. From whom do I get a letter every month to signup for advisory service?? Vanguard... BTW, I never have ha...
by mighty72
Fri Feb 05, 2021 10:56 pm
Forum: Personal Investments
Topic: Trailing Stops
Replies: 17
Views: 1228

Re: Trailing Stops

^^^ I was also with Fidelity and it didn't all in kind transfer of brokerage-link even though both new and old employer has 401K with Fidelity & both supported brokerage-link. I had to liquidate all holdings in brokerage-link, move it the regular 401K before I could transfer. Maybe it is based o...
by mighty72
Fri Feb 05, 2021 4:33 pm
Forum: Investing - Theory, News & General
Topic: M1 trading windows
Replies: 7
Views: 554

Re: M1 trading windows

This is blog post by M1 on how M1 makes money
by mighty72
Fri Feb 05, 2021 4:30 pm
Forum: Personal Investments
Topic: Trailing Stops
Replies: 17
Views: 1228

Re: Trailing Stops

The only thing you need to watch out with trailing stop is a whiplash. You put a 3% trailing stop; price falls 10% at opening and you sell. It recovers during the day to only 1% loss. Do you want to sell? Also, why do you hold individual stocks in companies which you don't think are viable. Part of ...
by mighty72
Fri Feb 05, 2021 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Investment & Finance Books/Materials for Children
Replies: 5
Views: 401

Re: Investment & Finance Books/Materials for Children

Welcome to the forum!

No specific recommendations from me. I found a couple of old threads which might be helpful
viewtopic.php?t=203897
viewtopic.php?p=3982854#p3982854

Good luck!
by mighty72
Wed Feb 03, 2021 9:22 pm
Forum: Personal Investments
Topic: D L P Capital Partners
Replies: 13
Views: 1177

Re: D L P Capital Partners

No experience with them except I did get on a call with their rep. I wasn't impressed with the fees and the payout structure. It seemed quite a bit in favor of DLP and not so much in favor of the investor after you got your preferred return and capital back.
by mighty72
Tue Feb 02, 2021 10:57 am
Forum: Personal Investments
Topic: 401(K) and Roth 401(k) Co-mingled in Plan
Replies: 10
Views: 516

Re: 401(K) and Roth 401(k) Co-mingled in Plan

We have the same issue with my employer. It is a big fortune 500 company w/ a very good plan which allows in-service rollover, etc. The custodian is Fidelity (if it matters). I can see the balance for Roth vs Traditional contributions as separate amounts but they are co-mingled. There is no way to s...
by mighty72
Sat Jan 30, 2021 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: promotion without salary increase
Replies: 81
Views: 7733

Re: promotion without salary increase

I am no director but skip level 1-on-1 are common. You do need to reply to the SVP. Be polite and just ask if you can talk to him some time. During the discussion, say you are grateful for the promotion but were also expecting a raise. Just reiterate that you have consistently been a top performer i...
by mighty72
Sat Jan 30, 2021 5:22 pm
Forum: Personal Investments
Topic: Direction
Replies: 2
Views: 267

Re: Direction

Also, reformat your OP using viewtopic.php?f=1&t=6212. It will help others answer your questions better. thanks
by mighty72
Fri Jan 29, 2021 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to move funds between banks
Replies: 13
Views: 1092

Re: How to move funds between banks

ACH or wire transfer. It might take a few days for you to set it up but can be done online.

Also, ask your bank if they support check deposit via mobile app. If they do, what is the limit. My fidelity app shows 100k daily limit for check deposits.
by mighty72
Fri Jan 29, 2021 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Criticize my housing/career/savings plan
Replies: 3
Views: 459

Re: Criticize my housing/career/savings plan

OP, first of all, congrats! You are doing great :beer I agree with bloom2708, don't buy a house. First, you are more than likely to move in the first few years of your career. You might meet someone and move to a different location to settle down. Being a long-distance landlord has additional risks....
by mighty72
Fri Jan 29, 2021 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Redfin vs. Traditional Selling Agent - Lukewarm Condo Market
Replies: 4
Views: 401

Re: Redfin vs. Traditional Selling Agent - Lukewarm Condo Market

We used Redfin to buy our first home few years back. There was never any pressure to close on a deal or make an offer. We did have to do a bunch of work ourselves like looking up the homes we liked, etc. I think we would have done it anyways to ensure we don't miss on a good house if broker is not p...
by mighty72
Fri Jan 29, 2021 5:09 pm
Forum: Personal Investments
Topic: Mega backdoor Roth, Earnings and Taxes
Replies: 10
Views: 605

Re: Mega backdoor Roth, Earnings and Taxes

I am not an expert and my company allows to convert after-tax contributions to Roth 401K automatically via Fidelity. The disadvantage is that I can't withdraw from 401K till I leave the company. Please see this helps you https://thefinancebuff.com/mega-backdoor-roth-in-turbotax.html https://ttlc.int...
by mighty72
Wed Jan 27, 2021 12:29 pm
Forum: Personal Investments
Topic: WSB fomo help
Replies: 15
Views: 966

Re: WSB fomo help

For me, fear of losing is greater than FOMO. I always remind me of my younger self who could never make money on stocks or options. I am not brave enough to jump in early enough and I am too scared of losing money when prices don't make sense
by mighty72
Wed Jan 27, 2021 11:05 am
Forum: Investing - Theory, News & General
Topic: Brokerage outages
Replies: 96
Views: 1463

Re: Vanguard website issues... again?

[merged austin_dwellers thread on same topic here vanguard website down ?]
by mighty72
Wed Jan 27, 2021 11:00 am
Forum: Investing - Theory, News & General
Topic: Brokerage outages
Replies: 96
Views: 1463

Re: Vanguard website issues... again?

[merged Indexer99's thread on the same topic here Vanguard is very slow and Site is not loading]
by mighty72
Tue Jan 26, 2021 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract - help me understand this excerpt
Replies: 32
Views: 3043

Re: Physician contract - help me understand this excerpt

OP, you might get additional advice on white collar investor forum. It is physician run and has lots of physicians as members.
by mighty72
Tue Jan 26, 2021 3:36 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4558
Views: 228996

Re: GameStop GME: anyone joining?

I went to the wallstreetbets sub-reddit once (it was yesterday) and my first question was that how do you sort through and keep up with 1000s of posts a day. I mean if you believe that there is some good information out there, how do you find it? Thanks
by mighty72
Sat Jan 23, 2021 8:20 pm
Forum: Personal Consumer Issues
Topic: Town A vs Town B
Replies: 75
Views: 5258

Re: Town A vs Town B

I think it is both your surroundings and your family which matters; it is just not one thing, it is sum total of many. I know 2 kids who grew up in 2 different towns similar to town B. These places are more expensive than what you describe. Both have parents who are very focused on education and spe...
by mighty72
Fri Jan 15, 2021 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Nanny Payroll - Pay a service or do manually?
Replies: 19
Views: 1762

Re: Nanny Payroll - Pay a service or do manually?

When we had a nanny few years back, we always used a nanny service. Between Federal and CA taxes, it is worth the money. Also, it is a very small amount compared to what you will pay the nanny. It made year end taxes very simple. Also, when we let the nanny let go, she applied for unemployment. We g...
by mighty72
Sat Jan 09, 2021 2:23 pm
Forum: Investing - Theory, News & General
Topic: Do you have FOMO (Bitcoin, TSLA, whatever?)
Replies: 201
Views: 12955

Re: Do you have FOMO (Bitcoin, TSLA, whatever?)

FOMO is real and alive for me and sometimes I do give in. To give some background, we are in our accumulation phase and have 20+ years to go before retirement. We are on track to be FI in about 10 years or so. This allows to take some risk. Yes, we can lose our jobs (not likely for my spouse). One o...
by mighty72
Sat Jan 09, 2021 2:35 am
Forum: Investing - Theory, News & General
Topic: I'm Stuck: How to get out of Value Averaging and back to DCA!
Replies: 55
Views: 3581

Re: I'm Stuck: How to get out of Value Averaging and back to DCA!

I did use VA for a short time 10 years back. It was too much work and I didn't like so much cash sitting on the side so switched to DCA. I understand your predicament. The most common answer would be to go lump sum. If you are not comfortable with it then make a plan. Stop using VA right now. For th...
by mighty72
Fri Jan 01, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2498
Views: 572886

Re: Share your net worth progression

Happy New Year! Year - Age - Net Worth - Salary 2019 - 22 - $8,100 - $12,100* 2020 - 23 - $75,800 - $89,200 I like the idea of tracking and updating here annually. I'm most inspired by the more "average-earner" progressions since I'm not in a high-paying career, but it's also nice to see ...
by mighty72
Thu Dec 31, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: If Solar Panels quit working
Replies: 20
Views: 1709

Re: If Solar Panels quit working

In my case, power stays on unless the damage causes the mains to fail. PGE will not fix it; it would be the company which installed solar if still under warranty
by mighty72
Thu Dec 31, 2020 5:14 pm
Forum: Personal Consumer Issues
Topic: Have I Been Overpaying Amazon?
Replies: 98
Views: 7256

Re: Have I Been Overpaying Amazon?

Yes, you do need to double check. A simple web search of what you are looking for will show you prices at different places. I have noticed that several household and small items are cheaper elsewhere even if I have to pay for shipping
by mighty72
Thu Dec 31, 2020 1:51 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2279
Views: 271139

Re: Post your Financial Milestone Announcements Here

Merged soulreapersteve's thread "Finally hit $100k!" here
soulreapersteve congrats on hitting the milestone. Looking forward to seeing many more such posts from you.
Good luck with the new career and Happy New Year!
by mighty72
Thu Dec 31, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2498
Views: 572886

Re: Share your net worth progression

Always found these threads to be both encouraging but also sometimes feel a bit downbeat when I see people hovering around my age range, but yet many many financial years ahead of me. Still in the early part of my journey and have many years to go though. I think of chief importance is the foundati...
by mighty72
Thu Dec 31, 2020 11:37 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2279
Views: 271139

Re: Post your Financial Milestone Announcements Here

Happy New Year Bogleheads! Despite the challenges in 2020, by staying the course, my family hit some big milestones this year. Passed $2M net worth Passed $1.4M in investments And the stat I am most mentally excited about for some reason (isn’t mental accounting fun), as of yesterday our taxable ac...
by mighty72
Thu Dec 31, 2020 2:37 am
Forum: Personal Consumer Issues
Topic: Financial Differences: One Versus Two Children
Replies: 57
Views: 4181

Re: Financial Differences: One Versus Two Children

There are some costs which will be proportional to number of children like private school, daycare, college, etc. A lot of this depends on what you want as some people are happy with public schools and others are not. The second set of expenses increase but are not directly proportional like food, n...
by mighty72
Tue Dec 29, 2020 12:42 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2279
Views: 271139

Re: Post your Financial Milestone Announcements Here

In 2020: Decided to take control of my financial life; overcame my fear and sentimentality attached to money. Tracked every penny for the entire year Got a new job with a pay bump + benefits + my first pre-tax retirement account Joined Bogleheads in May 2020 Left Raymond James and two other brokera...
by mighty72
Sun Dec 27, 2020 10:09 pm
Forum: Personal Consumer Issues
Topic: Hybrid Exrended warranty question
Replies: 21
Views: 1018

Re: Hybrid Exrended warranty question

You can probably get it cheaper outside. Google toyota warranty online.
by mighty72
Fri Dec 25, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 98
Views: 11481

Re: GEICO Umbrella: Significant Increase in Premium

My Geico 2M policy saw a $30 premium increase
by mighty72
Fri Dec 25, 2020 1:17 am
Forum: Personal Consumer Issues
Topic: PayPal Claim USPS In Transit Arriving Late
Replies: 39
Views: 2738

Re: PayPal Claim USPS In Transit Arriving Late

RetiredAL wrote: Thu Dec 24, 2020 10:37 pm DW ordered a top for herself from Macy's the Friday after Thanksgiving. It shipped via USPS 12/6. Per tracking it sat in Tulsa until 12/16, since then it just says "in transit".
We pretty much have an exactly same situation. It was a Christmas gift for someone. They will have to wait
by mighty72
Thu Dec 24, 2020 2:41 am
Forum: Personal Consumer Issues
Topic: Found employee ID/Access badge from former employer 1 year later
Replies: 28
Views: 2400

Re: Found employee ID/Access badge from former employer 1 year later

You don't have to do anything. I worked 4 years at the first company that I joined right of college and still had my original ID. I told my manager I want to it for keepsake and he said no problem. It was deactivated at 5 pm last day of work.
by mighty72
Wed Dec 23, 2020 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10204
Views: 733056

Re: Refinance Mega Thread

BrandonBogle wrote: Wed Dec 23, 2020 3:53 pm
mighty72 wrote: Wed Dec 23, 2020 3:50 pm Anyone had luck getting jumbo loan with a good rate. This is in CA. Loandepot said they don't do jumbo. Other quotes have high closing costs. Thanks
How jumbo? Interactive Mortgage goes to $765k. Owning goes up to $2MM. Both offer great rates.
About a million. Will try owning. Thanks
by mighty72
Wed Dec 23, 2020 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10204
Views: 733056

Re: Refinance Mega Thread

Anyone had luck getting jumbo loan with a good rate. This is in CA. Loandepot said they don't do jumbo. Other quotes have high closing costs. Thanks
by mighty72
Sat Dec 19, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: “Refuse” employer bonus?
Replies: 88
Views: 6094

Re: “Refuse” employer bonus?

If salary is 1M+ what will be your bonus like? If your (yearly bonus+ sign-on bonus+ relocation) is greater than the tax consequences of 200k then I would sign the contract, take 200k and pay it back when you leave. If the hedge fund is aggressive about recouping the retention bonus, will the not b...
by mighty72
Sat Dec 19, 2020 9:54 am
Forum: Personal Finance (Not Investing)
Topic: “Refuse” employer bonus?
Replies: 88
Views: 6094

Re: “Refuse” employer bonus?

If salary is 1M+ what will be your bonus like? If your (yearly bonus+ sign-on bonus+ relocation) is greater than the tax consequences of 200k then I would sign the contract, take 200k and pay it back when you leave. If the hedge fund is aggressive about recouping the retention bonus, will the not be...
by mighty72
Sun Dec 13, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: SWE jobs career advice
Replies: 62
Views: 4207

Re: SWE jobs career advice

I kind of agree with visualguy. I have been in tech for almost 20 years now and never seen an individual contributor hired as a manager from outside. But you have management experience. If this experience was recent, make sure that your LinkedIn and resume highlights the management experience. if it...
by mighty72
Wed Dec 09, 2020 10:57 pm
Forum: Personal Consumer Issues
Topic: Relocation to Houston, Texas from SF Bay - Advice
Replies: 102
Views: 9027

Re: Relocation to Houston, Texas from SF Bay - Advice

Culture, COL and weather will be big differences. Some folks like the Texas culture and others like Bay Area. Weather wise, it is a no-brainer; at least for me. Bay Area wins. COL again is a no-brainer; houston wins. It depends on what you want. I would not leave Bay Area for Texas if I had as much ...
by mighty72
Mon Nov 30, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: YNAB and Fidelity
Replies: 23
Views: 2986

Re: YNAB and Fidelity

I have had multiple issues with YNAB and importing transactions after I enabled 2-factor login. It has primarily been with Fidelity and BoA. Fidelity has issues for months before their import partner did some tweaks and things have been good for months. BoA I have issues every other month and usuall...
by mighty72
Sat Nov 28, 2020 10:27 am
Forum: Personal Investments
Topic: Craig Wear CFP
Replies: 9
Views: 1141

Re: Craig Wear CFP

I took a quick look, website claim that you might end up paying over 80% of your 401k in taxes; it must be some creative math to get there. Also, says window of opportunity closes in 2025 so I assume he is talking about doing Roth conversion before that. Stay away unless you are very good at saying ...
by mighty72
Wed Nov 25, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: "Water Theory" -- pros and cons
Replies: 43
Views: 5185

Re: "Water Theory" -- pros and cons

The theory is sound but most people start with a cup of water (small savings) which they keep throwing in the bucket (401k) because it happens automatically for most W2 employees. When the bucket is full then they fill up the bottle and so on.. now, I might use my bottle to fund my next home or kids...