Search found 2496 matches

by jarjarM
Tue Mar 26, 2024 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: What are the Benefits and Perks of Fidelity Private Client Group?
Replies: 46
Views: 6420

Re: What are the Benefits and Perks of Fidelity Private Client Group?

Frequent trading may be one trigger, but it not the only trigger. I hardly trade (like once a year or less for equities), although I have bought a lot of Treasuries in the last few years. I have been getting free TT for as long as I can remember and have never been a frequent trader. If I had to guess, I would say frequent trading would get you the perk as well as level of assets in Fidelity accounts. Not sure that 401K accounts qualify, but I know from personal experience (my own and that of family members) that brokerage accounts qualify as well as IRA's. I think the trip wire is something in excess of $1.0 mil in those accounts. The exact amount is a mystery to me. jarjarM said he is mid 7 digits and he doesn't get free TT either. I use...
by jarjarM
Tue Mar 26, 2024 11:43 am
Forum: Personal Finance (Not Investing)
Topic: What are the Benefits and Perks of Fidelity Private Client Group?
Replies: 46
Views: 6420

Re: What are the Benefits and Perks of Fidelity Private Client Group?

I do get free TT, but have read comments on this forum from other PCG clients who do not. Some seem to have an assigned rep and others do not. Some who have had an assigned PCG rep in the past no longer have one. The rules about who qualifies for what benefits seems shrouded in secrecy. Exactly. I've been PCG for a long time. I do not get free TT. I'm not a frequent trader. I got mad at Fidelity earlier this year since I saw a message from Fidelity that I qualified for the free turbotax on the website early in the morning. I thought, great, they are offering me free Premium TT, which is the one I use. Later that same day I logged into my account and the offer was GONE. I called. They offered no explanation, but they simply told me I did no...
by jarjarM
Tue Mar 26, 2024 11:39 am
Forum: Personal Finance (Not Investing)
Topic: ISO stock options - confused
Replies: 11
Views: 704

Re: ISO stock options - confused

If you're in 32-35% marginal tax bracket and the discounted component (FMV on exercise date - exercise price) is high, you'll very likely trigger AMT. We did the same in 2023 and end up paying a bit more in taxes due to AMT. Hoping to recover the AMT credit when we sell later this year (after 1 year holding period). If you buy and hold for more than 2 years then can one recover AMT credit say in 5-10 years. Or is the credit only available next year? Part of it will be dependent on what happen to 2018 tax act sunset scenario in 2025. Assuming there's no significant tax changes and we're going back to pre-2018 tax scenario, then I think there's a good chance to capture that AMT tax credit. It's not a one year only deal thing. We had some AMT...
by jarjarM
Tue Mar 26, 2024 11:37 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14356
Views: 1988894

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Thanks for your answer! I have backtested TQQQ using its underlying and adjusting it a bit, so there are the results of the different portfolios : https://www.imagebam.com/view/MESOHT8 https://www.imagebam.com/view/MESOIBU Also, I don't find it judicious to take the scenario of 100% TQQQ at start of the ETF, first because it was the worse timing of the market since 1985 and secondly because, even if you had start at this moment, just a DCA strategy on this 100% TQQQ would have outperformed the two other portfolios today: In DCA : https://www.imagebam.com/view/MESOIB7 Start of the ETF compared to Nasdaq history : https://www.imagebam.com/view/MESOIBO Finally, I don't think the outperformance of Nasdaq is temporary, it has been true since 19...
by jarjarM
Thu Mar 21, 2024 5:47 pm
Forum: Personal Consumer Issues
Topic: Pretty set financially, but considering relocation to VHCOL (Bay Area) for the career/adventure
Replies: 49
Views: 5282

Re: Pretty set financially, but considering relocation to VHCOL (Bay Area) for the career/adventure

M7/FAANGM potential is well known for a senior SWE, but it stacks over multiple years. So you might see: Year 1: $250K Year 2: $350K Year 3+ $500K. So I think you need to do some math on this. I would be pretty unhappy as a spouse if I had to live with all the downsides of VHCOLA without the potential upsides in sight. Out of curiosity if someone joins a M7 company in their mid 20s can they expect to stay until their 40s? I read on here about tech age discrimination but seems to occur late 40s/ early 50s. if you can have 18-20 years of a $500k salary that’s still quite favorable compared to a lot of jobs, assuming one can save a decent fraction. The original poster is in his early 30s so perhaps can expect at least 10 years at $500k if he ...
by jarjarM
Wed Mar 20, 2024 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: ISO stock options - confused
Replies: 11
Views: 704

Re: ISO stock options - confused

If you're in 32-35% marginal tax bracket and the discounted component (FMV on exercise date - exercise price) is high, you'll very likely trigger AMT. We did the same in 2023 and end up paying a bit more in taxes due to AMT. Hoping to recover the AMT credit when we sell later this year (after 1 year holding period).
by jarjarM
Wed Mar 20, 2024 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: ISO stock options - confused
Replies: 11
Views: 704

Re: ISO stock options - confused

nalor511 wrote: Wed Mar 20, 2024 5:51 pm If you face amt, you face it regardless which of the 3 methods you choose, don't you?
Nope, only exercise and hold and/or exercise and sell-to-cover will potentially trigger AMT. Exercise and sell (sell all exercised shares in the same tax year) will not trigger AMT.
by jarjarM
Tue Mar 19, 2024 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP should I correct Cost basis to Adjusted Cost basis in ETrade supplement?
Replies: 2
Views: 298

Re: ESPP should I correct Cost basis to Adjusted Cost basis in ETrade supplement?

Yes, you should adjust the cost basis for ESPP. The basis in 1099 is the acquired cost basis of the shares. Depending on the holding period and specifics of your ESPP plan, a portion of difference between actual acquired cost basis and fair market value maybe reported as income in your W2 form. So use the adjusted cost basis from the supplemental should be the right way. Double check your W2 form to see if ESPP associated income is reported there, usually box 14.
by jarjarM
Fri Mar 15, 2024 4:23 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15693

Re: 5M, probably enough to retire to a frugal lifestyle

Being tracking expenses for 17 years so this fairly accurate for my family. Here's the annual expense: - Phone/internet $4k (including phone/router purchase) - Car $6k (License fee and sunk fund for future car purchase) - Kid's activities $11k (swimming/soccer and other kid's activities) - Clothing $1k - Entertainment $3k - Gas $5k - General merchandise/grocery $14k (we buy much of our grocery from costco so hard to separate out :oops: ) - Home maintenance/improvement $15k (including sunk fund for roof repair/paints and etc) - Insurance $10k (home owner got quite a bit more expensive due to the house in wildland zone) - Personal care $3k - Restaurants/take out $12k - Travel $10k - Utilities $4k - Property tax $16k - Healthcare premium/co-p...
by jarjarM
Fri Mar 15, 2024 4:21 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15693

Re: 5M, probably enough to retire to a frugal lifestyle

Being tracking expenses for 17 years so this fairly accurate for my family. Here's the annual expense: - Phone/internet $4k (including phone/router purchase) - Car $6k (License fee and sunk fund for future car purchase) - Kid's activities $11k (swimming/soccer and other kid's activities) - Clothing $1k - Entertainment $3k - Gas $5k - General merchandise/grocery $14k (we buy much of our grocery from costco so hard to separate out :oops: ) - Home maintenance/improvement $15k (including sunk fund for roof repair/paints and etc) - Insurance $10k (home owner got quite a bit more expensive due to the house in wildland zone) - Personal care $3k - Restaurants/take out $12k - Travel $10k - Utilities $4k - Property tax $16k - Healthcare premium/co-p...
by jarjarM
Fri Mar 15, 2024 3:15 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15693

Re: 5M, probably enough to retire to a frugal lifestyle

You may be underestimating just how expensive coastal California is. One will definitely need a strict budget to raise a family on $150-170k pre-tax there. Agree with this, including health care insurance premium estimated from covered CA and removing mortgage, we'll need ~$150k pre-tax here in bay area. While we don't live frugally, we're not extravagant neither. - House bought more than 10 years ago so low property tax basis - All yard work and house work is done by ourselves w/o any outsourcing - Most oil changes, auto maintenance and minor repairs were done by me - No expensive after school care for the kid since we have a SAHM - DW cooks most meals so we only dine out 1-2 time every week - Only economy class on travels Minimum wage fo...
by jarjarM
Fri Mar 15, 2024 1:24 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15693

Re: 5M, probably enough to retire to a frugal lifestyle

visualguy wrote: Fri Mar 15, 2024 1:09 pm
warner25 wrote: Fri Mar 15, 2024 12:21 pm Purchasing a house here 30+ years ago, enabling someone to live on $60k/year now, doesn't make that person "frugal." Like you said, I'd just call that being lucky.
Apropos having bought the house decades ago... Chances are it needs renovation. Almost everything degrades or goes bad in a house with time. A whole house renovation in coastal California is very expensive. In the Bay Area, it's in the $600K+ ballpark these days for a 4bd/2.5ba if you go down to the studs on the interior (but not exterior, which would be more costly). This is without landscaping work.
Yup, that sounds about right. Neighbor just did that and that's the ballpark figure.
by jarjarM
Fri Mar 15, 2024 1:22 pm
Forum: Investing - Theory, News & General
Topic: 5M, probably enough to retire to a frugal lifestyle
Replies: 180
Views: 15693

Re: 5M, probably enough to retire to a frugal lifestyle

You may be underestimating just how expensive coastal California is. One will definitely need a strict budget to raise a family on $150-170k pre-tax there. Agree with this, including health care insurance premium estimated from covered CA and removing mortgage, we'll need ~$150k pre-tax here in bay area. While we don't live frugally, we're not extravagant neither. - House bought more than 10 years ago so low property tax basis - All yard work and house work is done by ourselves w/o any outsourcing - Most oil changes, auto maintenance and minor repairs were done by me - No expensive after school care for the kid since we have a SAHM - DW cooks most meals so we only dine out 1-2 time every week - Only economy class on travels Minimum wage fo...
by jarjarM
Fri Mar 15, 2024 12:50 pm
Forum: Investing - Theory, News & General
Topic: Bonuses from Brokerages tax implications
Replies: 19
Views: 1247

Re: Bonuses from Brokerages tax implications

Account bonus are treated as interest, so if it's in IRA then it's part of its earning, if it's taxable account, then it'll be on the 1099-int.
by jarjarM
Mon Mar 04, 2024 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow
Replies: 148
Views: 22989

Re: FIRE-ing In, Quitting versus Getting FIRE-d - Talking to Boss Tomorrow

Congrats! I'm sure you'll be happy with what's next to come.
by jarjarM
Fri Mar 01, 2024 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much will you get as Costco Citi reward this year?
Replies: 112
Views: 16731

Re: How much will you get as Costco Citi reward this year?

$1220, direct deposited to my bank account and used it to pay for credit card bill already.
by jarjarM
Wed Feb 28, 2024 5:01 pm
Forum: Investing - Theory, News & General
Topic: AlphaArchitect launches BOXX: 1-3 Month Box Spread ETF
Replies: 308
Views: 44826

Re: AlphaArchitect launches BOXX: 1-3 Month Box Spread ETF

adamhg wrote: Wed Feb 28, 2024 4:53 pm I got curious with all the talk about box spread yield vs t-bills that I've added it to boxtrades.com. You should be able to see a 1-day old view of actual box spread trades vs secondary t-bill trades on the yield curve page
Ah thanks for this little update, very useful in a quick eval :beer
by jarjarM
Tue Feb 27, 2024 11:16 am
Forum: Personal Finance (Not Investing)
Topic: High Salary (>$500,000) careers
Replies: 244
Views: 29136

Re: High Salary (>$500,000) careers

The question should be what professions pay this kind of money within, say, one standard deviation. Maybe that should be mentioned in this thread too. Become a high income professional and then marry another one. $300K+$200K = $500K. This 100%. I live in a MCOL city in Southeast and I don’t think anybody is my circle of friends has household income less than $500K You must be living in a wealth area of the city, given that only ~1.1% of the ~164million tax returns from 2020 (last year available) had AGI >$500k and many of those tax returns are MFJ. I'm curious if we have this data broken out by geographic region - i.e. Northeast average W-2 is X vs. Southeast it's Y. They do have it break out by zip code by the top income category only goe...
by jarjarM
Tue Feb 27, 2024 1:32 am
Forum: Personal Investments
Topic: Seeking Tax Strategy Advice for Stock Options of Startup Sale
Replies: 3
Views: 1126

Re: Seeking Tax Strategy Advice for Stock Options of Startup Sale

Look up QSBS (qualified small business stock), that's probably the best tax saving available given that it's likely going to be a forced sale since the venture capital firm will be buying in cash. It'll allow one to exclude upto 10x of the capital gain made on the exercise cost of the shares. But it does have quite a set of limitations and such so a quick check should allow you to see if there's any possibilities to exclude significant CG. Look up safe harbor for both federal and state taxes. Federal tax safe harbor can be achieve easily with paying 110% of previous year (2023) tax liability. However, states differ. In CA, if the income is >$1mil (which will be the case for your husband) then one is expect to make >90% of tax liability for ...
by jarjarM
Tue Feb 27, 2024 1:23 am
Forum: Personal Finance (Not Investing)
Topic: High Salary (>$500,000) careers
Replies: 244
Views: 29136

Re: High Salary (>$500,000) careers

bonglehead wrote: Mon Feb 26, 2024 9:28 pm
White Coat Investor wrote: Mon Feb 26, 2024 6:52 pm
warner25 wrote: Sat Feb 24, 2024 12:36 pm The question should be what professions pay this kind of money within, say, one standard deviation.
Maybe that should be mentioned in this thread too. Become a high income professional and then marry another one. $300K+$200K = $500K.
This 100%. I live in a MCOL city in Southeast and I don’t think anybody is my circle of friends has household income less than $500K
You must be living in a wealth area of the city, given that only ~1.1% of the ~164million tax returns from 2020 (last year available) had AGI >$500k and many of those tax returns are MFJ.
by jarjarM
Mon Feb 26, 2024 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: High Salary (>$500,000) careers
Replies: 244
Views: 29136

Re: High Salary (>$500,000) careers

Let's put some context into this, below is the 2020 IRS statistics, the latest year with availability. Only 1.12%, or 1,844,685 million individual tax returns (obviously it included both single and MFJ among others) had AGI >$500k. This isn't a perfect stat for this but it does give a sense of how many salary jobs out there actually paying >$500k. I have to show this to DW from time to time previously because she thought that every new grad is making $200k+ and every average SWE is making $400k+ TC because it's so common in our tiny circle of friends/neighbors and etc in bay area.

Image
by jarjarM
Fri Feb 23, 2024 7:44 pm
Forum: Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 90
Views: 16405

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

Someone over in WSB showing that they made $18mil on NVDA call options year to date. So NVDA is definitely minting some millionaires and billionaries.
by jarjarM
Thu Feb 22, 2024 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE Assumptions
Replies: 11
Views: 1059

Re: FIRE Assumptions

retired@50 wrote: Thu Feb 22, 2024 4:45 pm
desertSunrise wrote: Thu Feb 22, 2024 3:28 pm ... Anyone else in the same position have suggestions to put my mind at ease (apart from working longer)?
Can you live off of the dividends created each year by your taxable investment account?

If so, pull the trigger and retire.

Regards,
But what if someone is investing in JEPI and their "sweet" 8% yield, that's okay still? :twisted:
by jarjarM
Thu Feb 22, 2024 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can a company claw back a bonus if there is no contractual claw back provision?
Replies: 10
Views: 1047

Re: Can a company claw back a bonus if there is no contractual claw back provision?

if you don't want to burn bridges, I would give standard 2-week notices the moment bonus hits the account. They can't claw back a bonus that's awarding for prior performance (unlike a sign-on bonus) and there's no language in employment agreement or employee guide about clawback. In my states (CA), it's at will employment so one can quit the moment it hit the bank w/o legal consequence. Of course, as others mentioned, there maybe other considerations such as health insurance coverage.
by jarjarM
Thu Feb 22, 2024 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE Assumptions
Replies: 11
Views: 1059

Re: FIRE Assumptions

Like Livesoft mentioned, look up ERN's SWR series. That's the gold standard of using previous historical data in computing SWR. For new retirement planner, are you looking at the pessimistic or optimistic scenario?
by jarjarM
Thu Feb 22, 2024 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: High Salary (>$500,000) careers
Replies: 244
Views: 29136

Re: High Salary (>$500,000) careers

Hardware engineer here but work in a FAANG company and definitely doable for $500k TC if you are a top performer and works with the latest AI hardware. Understanding GPU/HB network is a valuable asset these days.
by jarjarM
Thu Feb 22, 2024 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tech Compensation
Replies: 39
Views: 5259

Re: Tech Compensation

DW retired to become a SAHM and follow her passion on trying cooking recipes. She left unvested RSUs in the 7 figure range. So yes, it is very much so possible to achieve what you described in the OP. I'm currently working in one of the FAANG companies and there's a group where people share their comps and achieving $1mil comp is definitely possible with some well timed RSU and there's more than a few getting to staff/principal level or director level that are getting $1mil TC. Of course, keep in mind that only 400k out of 9+mil of bayarea population are working in tech and on average their TC is probably close to $2-300k so it's only the higher performers can demand that type of comps.
by jarjarM
Thu Feb 15, 2024 6:17 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz
Replies: 24
Views: 5035

Re: Christine Benz

Thanks for sharing Taylor, you're looking amazing.
by jarjarM
Mon Feb 12, 2024 1:24 pm
Forum: Investing - Theory, News & General
Topic: What Category of Investment Did Well During the "Lost Decade" (2000s)
Replies: 51
Views: 5527

Re: What Category of Investment Did Well During the "Lost Decade" (2000s)

SCV (based on DFSVX) did well, ~11% CAGR thru the decade. One of the reason why some us diversify from large cap growth to SCV.
by jarjarM
Fri Feb 09, 2024 1:59 pm
Forum: Investing - Theory, News & General
Topic: AlphaArchitect launches BOXX: 1-3 Month Box Spread ETF
Replies: 308
Views: 44826

Re: AlphaArchitect launches BOXX: 1-3 Month Box Spread ETF

I think the biggest question is still if there's taxable distribution (none so far) and how will capital gain be reported upon sale (normal CG or 1256 contract style). Hopefully there will be more concrete evidences of how theses are dealt with. I'm buying some now.
by jarjarM
Wed Feb 07, 2024 2:00 pm
Forum: Personal Investments
Topic: Do 401k plans (at Fidelity) distinguish betweenRoth 401K balances & after-tax converted to Roth 401k balances?
Replies: 8
Views: 505

Re: Do 401k plans (at Fidelity) distinguish betweenRoth 401K balances & after-tax converted to Roth 401k balances?

In Fidelity's netbenefits page, if you look at source (right most pie), it should give the sub account such as pre-tax, employER match, In-Plan Roth Conversion and etc.
by jarjarM
Tue Feb 06, 2024 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Rollover 1099R issue
Replies: 5
Views: 434

Re: Qualified Rollover 1099R issue

Employer matches is always pre-tax until the passing of secure Act 2.0 and implementation for the most part hasn't started yet. Sounds like there's a miscommunication between John Hancock and Fidelity, those employer matches should've went to a traditional rollover IRA unless you actually want to convert them to Roth. Given the situation and the limited tax hit, I would just pay the $70 and have those funds stay in Roth IRA (converted) and move on. As long as the tax on conversion is paid, no need to worry about IRS.
by jarjarM
Tue Feb 06, 2024 11:36 am
Forum: Personal Investments
Topic: Meta's jump
Replies: 39
Views: 4412

Re: Meta's jump

muffins14 wrote: Tue Feb 06, 2024 7:36 am One method is to study the financials of a company, and be convinced they have increasing fee cash flow and revenue growth. Then wait for the company to be brutalized in the stock market, and join the company as a software engineer with large RSU package. Then do a good job improving the company and profit from your RSU being granted at a depressed price but warmed over the improved timeframe
This is the best way, it's like free money ;) :beer
by jarjarM
Tue Feb 06, 2024 11:35 am
Forum: Investing - Theory, News & General
Topic: NVidia splitting this year?
Replies: 36
Views: 9324

Re: NVidia splitting this year?

My bet is no. There's no real reason to split given today's landscape unless they want to get in DOW. GOOG was at $1k/share for years.
by jarjarM
Wed Jan 31, 2024 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cash offer on home needing proof of funds
Replies: 40
Views: 3685

Re: Cash offer on home needing proof of funds

Pretty typical in my area and we had to do the same when we purchase our current home. We did what formlybroke suggested, just showing enough balance (move the funds into one particular account) using balance letter and redacted the account number.
by jarjarM
Fri Jan 26, 2024 4:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14356
Views: 1988894

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Also, one should learn from the significant drawdown the last 2 years that this is not hold and forget and really does require some active management in assigning risk budgets and making determination on overweighting an allocation depending on economic condition. Not a set and forget type of holding. Check out the riding HFEA threads for some more info. Very easy to parameter-fit ("predict") the past. Not so much the future. Good luck doing "active management" monitoring and evaluating "economic conditions" and probably 1000 other parameters, and tweaking and fooling with the asset allocation on a constant basis. That's true, past doesn't predict the future and most ppl end up fighting the last war. I guess m...
by jarjarM
Wed Jan 24, 2024 5:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14356
Views: 1988894

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

The original was 40/60 UPRO/TMF. HEDGEFUNDIE went to 55/45 UPRO/TMF because folks convinced him that TMF returns were dwindling. When I backtested with a risk budget inverse volatility approach (see my thread for details), 55/45 worked out to assigning the risk budget as 4/1 equity/treasury. I think that the 43/57 UPRO/EDZ had a similar risk budget. That kind of weighting works pretty well when the assets have fairly similar volatility. It will way overweight assets that have much lower volatility. I personally prefer using a weighting strategy based on volatility (see methodology here ), but I'm a geek that's fine with rebalancing fairly frequently. I just want a set-it-and-forget-it allocation I can rebalance quarterly, somewhere between...
by jarjarM
Wed Jan 24, 2024 2:44 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14356
Views: 1988894

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

manlymatt83 wrote: Wed Jan 24, 2024 2:12 pm Do you think MotoTrojan didn't use GOVZ in his UPRO/EDV because it wasn't around yet? Would there be any reason to not use GOVZ over EDV these days if one was concerned about the ER of TMF?
As someone who talked to MotoTrojan via pm multiple times over this and the "Part I" thread, yup, GOVZ wasn't available when he first purposed to use EDV to replace TMF due to TMF's higher volatility (and a bit higher ER).
by jarjarM
Tue Jan 23, 2024 3:24 pm
Forum: Personal Investments
Topic: How much is owned real estate (primary/secondary homes) as a percent of your net worth?
Replies: 113
Views: 9016

Re: How much is owned real estate (primary/secondary homes) as a percent of your net worth?

I'll play the game ;)

RE Assets: 24%
Other Assets: 76%
Total Assets: 100%

Mortgage Liabilities: 7%
Other Liabilities: 0%
Total Liabilities: 7%

Net Worth: 93%
by jarjarM
Mon Jan 22, 2024 3:01 pm
Forum: US Chapters
Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Replies: 429
Views: 43315

Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂

Happy 100th Birthday. You're always an inspiration to us all, especially your service to the country and as the remaining few of the greatest generation!
by jarjarM
Fri Jan 19, 2024 5:45 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14356
Views: 1988894

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

calvin111 wrote: Thu Jan 04, 2024 1:06 am
jarjarM wrote: Mon Feb 15, 2021 3:33 pm FWIW, I just checked my account history and I was at $96k on 3/18 and now I’m at $230k. Of course I’m not strictly following the 55/45 quarterly rebalance rule. :beer
How much is your balance after all these years and ups and downs ?
Here's my update as of Jan 1st, 2024. As of today, $253k. Still significantly outpace SP500 but with much greater volatility of course.
by jarjarM
Fri Jan 19, 2024 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Leave family temporarily for new job in Bay Area?
Replies: 89
Views: 8752

Re: Leave family temporarily for new job in Bay Area?

Every move to bay area thread always elicit such strong response from both side :shock:

But in all seriousness, OP should at least take a look into making a move out here but of course the work/life balance won't be as good as where you are now but earning potential is greater out here. Also, don't send your wife out here by herself, not safe.
by jarjarM
Tue Jan 02, 2024 3:26 pm
Forum: Investing - Theory, News & General
Topic: Riding HEDGEFUNDIE’s excellent adventure
Replies: 370
Views: 99497

Re: Riding HEDGEFUNDIE’s excellent adventure

Since the thread has been revived for a bit, my current balance on this is $308k. Current AA is 85/15, no rebalancing in the last 4 months. Let's see if there will be another 200%+ growth in the next 2 years :twisted: :beer A quick year end update: Current balance: $375,391 Current allocation: 85/15 Return (total / YTD): 275% / 70.5% Still hoping to rebalance when 10yr gets to 2% or so. Happy New Year :beer A quick mid-year update: Brutal 6 months for this strategy: Current balance: $185,045 Current allocation: 86/14 Return (total / YTD): 85% / -50.7% Didn't get around to update this until today so not quite year end but still think it's worthwhile to show the result. Brutal 2022 as one would expected with one of the worst year for stock/b...
by jarjarM
Fri Dec 29, 2023 8:33 pm
Forum: Personal Investments
Topic: Vanguard closing mutual fund prices for Dec 29?
Replies: 168
Views: 38315

Re: Vanguard closing mutual fund prices for Dec 29?

baconavocado wrote: Fri Dec 29, 2023 7:36 pm
jarjarM wrote: Fri Dec 29, 2023 7:34 pm
livesoft wrote: Fri Dec 29, 2023 7:28 pm
jarjarM wrote: Fri Dec 29, 2023 7:24 pm yahoo finance is showing the right number (at least for one that I checked).
How can you tell if it is the right number?

For instance, i sometimes see yesterday's price with a price change. This is not possible except perhaps on a day that the ticker symbol goes ex-dividend and by coincidence. Sometimes the yahoo finance will have a time of last update, but it is still bogus. Morningstar has also had erroneous numbers this past week.
True, I noticed that before too. But for this one I checked yesterday's closing price and today's SP500 change and then match to the yahoo finance's close price and it looks right to me. There's no dividend action on this fund.
Which fund?
VTCLX
by jarjarM
Fri Dec 29, 2023 7:34 pm
Forum: Personal Investments
Topic: Vanguard closing mutual fund prices for Dec 29?
Replies: 168
Views: 38315

Re: Vanguard closing mutual fund prices for Dec 29?

livesoft wrote: Fri Dec 29, 2023 7:28 pm
jarjarM wrote: Fri Dec 29, 2023 7:24 pm yahoo finance is showing the right number (at least for one that I checked).
How can you tell if it is the right number?

For instance, i sometimes see yesterday's price with a price change. This is not possible except perhaps on a day that the ticker symbol goes ex-dividend and by coincidence. Sometimes the yahoo finance will have a time of last update, but it is still bogus. Morningstar has also had erroneous numbers this past week.
True, I noticed that before too. But for this one I checked yesterday's closing price and today's SP500 change and then match to the yahoo finance's close price and it looks right to me. There's no dividend action on this fund.
by jarjarM
Fri Dec 29, 2023 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Interest payments for missing advance payments of AMT for exercising ISOs
Replies: 10
Views: 933

Re: Interest payments for missing advance payments of AMT for exercising ISOs

If you're just exercising and NOT selling them, then there's no capital gain but does have the potential of triggering additional AMT taxes. Have you ran some number to see if there will be AMT tax? Given the current AMT tax structure (much better exemption phase out zone and etc), you may not actually have to pay more. I have to exercise DW's ISO from 2012 on so have done this many times. There's only 1 time since 2017 tax act enactment that AMT is actually needed and that was only ~$1k AMT (the additional I need to pay on top of the regular tax calculation method).

If you do need to pay AMT then follow grabiner's excellent advice.
by jarjarM
Fri Dec 29, 2023 7:24 pm
Forum: Personal Investments
Topic: Vanguard closing mutual fund prices for Dec 29?
Replies: 168
Views: 38315

Re: Vanguard closing mutual fund prices for Dec 29?

yahoo finance is showing the right number (at least for one that I checked).
by jarjarM
Fri Dec 29, 2023 12:32 pm
Forum: Investing - Theory, News & General
Topic: Schwab - settlement account pays close to nothing heads up
Replies: 48
Views: 11175

Re: Schwab - settlement account pays close to nothing heads up

livesoft wrote: Thu Dec 28, 2023 6:46 pm Schwab is also paying my dividends almost a day later and after the market closes than my other brokerages, so they seem to be skimming a day of interest from me. If Schwab is doing that to all clients, then that's got to be worth a billion dollars to them.
Glad someone else also seeing this as well. Not that it bothers me that much, but yeah it bothers me that they're one day late in paying out dividends when compare to fidelity.