Search found 1090 matches

by Tingting1013
Thu Apr 15, 2021 9:05 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

2021 Corolla. Excellent credit. $1,160 down. $299/month - 72 months. Toyota Payment Estimator - https://www.toyota.com/payment-estimator You can lease a new Corolla for about $150/mo with about $1800 down. At the end of the 3 years you own nothing. In the buy situation, you own the car outright aft...
by Tingting1013
Thu Apr 15, 2021 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 774
Views: 120066

Re: Relationship mortgage discounts for moving a million assets

Thank you, thank you !!!! Schwab rates are awesome. Since you posted this, I have locked two mortgages with Schwab/Quicken: Primary -$1.2mm at 2.25% 7yr ARM or 2% paying 1 point Investment Property refi cash out - $1.0mm 2.375% 7yr ARM or 2.125% paying 1 point. I have private banking relationships ...
by Tingting1013
Wed Apr 14, 2021 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 774
Views: 120066

Re: Relationship mortgage discounts for moving a million assets

Looks like with $1M at Schwab you can still get 1.625% on 5/1 Jumbo with 0 pts. https://www.schwab.com/public/schwab/banking_lending/todays_mortgage_rates Seems almost too good to be true given the move in rates recently. Thank you, thank you !!!! Schwab rates are awesome. Since you posted this, I ...
by Tingting1013
Wed Apr 14, 2021 4:41 pm
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 45
Views: 4829

Re: What's your definition of "Family Money"?

My father’s tech company just IPO’d and he is about to cash out mid eight figures in stock. He’s talking to one of the Big 4 about setting up a family trust.

I will report back in a few years what having “family money” feels like.
by Tingting1013
Wed Apr 14, 2021 4:32 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

A $700 car payment is extreme. DD has a 2018 Toyota Highlander and her payment didn't break $400. Other family car is a 2020 Toyota Corolla, less than $300. The Highlander is paid off, the Corolla will be paid off this year. Well, obviously you can't really judge the true cost by the payment. I'm a...
by Tingting1013
Wed Apr 14, 2021 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 174
Views: 9658

Re: "Nobody's ever regretted paying off the mortgage."

I see this argument a lot when people favor paying down their mortgage in place of taxable investing. I also see the argument that you wouldn't take a mortgage on a paid off house to invest. At least, most people wouldn't. So why would you invest rather than pay down the mortgage? This, to me, is a...
by Tingting1013
Wed Apr 14, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 174
Views: 9658

Re: "Nobody's ever regretted paying off the mortgage."

I do not pay off my mortgage because that would be tying up too much of my net worth into my house.

If my $2M house ever becomes an insignificant part of my net worth, I would be happy to pay it off.
by Tingting1013
Wed Apr 14, 2021 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 174
Views: 9658

Re: "Nobody's ever regretted paying off the mortgage."

I see this argument a lot when people favor paying down their mortgage in place of taxable investing. I also see the argument that you wouldn't take a mortgage on a paid off house to invest. At least, most people wouldn't. So why would you invest rather than pay down the mortgage? This, to me, is a...
by Tingting1013
Wed Apr 14, 2021 9:24 am
Forum: Personal Finance (Not Investing)
Topic: First time homebuying in this environment...
Replies: 27
Views: 2556

Re: First time homebuying in this environment...

Somebody (AerialWombat?) upthread said it - I’m not putting up with shenanigans like bidding wars, waiving contingencies...unless I have a wad of cash...no, actually, not even then. I’m just not. Wait 12 months and see what’s what. It won’t go on forever, and there are so many factors in real estat...
by Tingting1013
Wed Apr 14, 2021 9:04 am
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2474

Re: How much does your employer sponsered health insurance cost you?

$29 every two weeks for single Kaiser coverage My wife pays $64 every two weeks for HDHP family coverage. I could get on her plan but her company would impose a surcharge because I have access to my own coverage. She could get on mine but we don’t like the pediatricians at Kaiser. Dental and vision ...
by Tingting1013
Tue Apr 13, 2021 2:48 pm
Forum: Personal Consumer Issues
Topic: Carvana or Vroom- ever use it?
Replies: 71
Views: 6569

Re: Sell My Car To Carvana?

This is helpful. The next time I sell my car, I will hit up both Carvana and Carmax. Are these considered the best places to check? Plus Vroom, Shift, Autonation, and AutoLendersGo.com You can even pit these companies against each other How do you pit them against each other? When I checked several...
by Tingting1013
Tue Apr 13, 2021 2:15 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25008

Re: High spenders what do you spend on?

hoofaman wrote: Tue Apr 13, 2021 2:04 pm Buying VTI, I have a problem
It’s ok, the first step to recovery is acknowledging you have a problem!
by Tingting1013
Tue Apr 13, 2021 12:15 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25008

Re: High spenders what do you spend on?

I was thinking about this thread yesterday and I realized that we spend a significant amount paying other people. Particularly the nanny, who recently requested a healthy pay increase. Nanny. Cleaning service. Landscapers. Pest control. There’s a lot of people to be paid. Some days as I pull out of...
by Tingting1013
Tue Apr 13, 2021 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 89
Views: 7771

Re: Any happy lawyers out there?

Let me put this as plainly as humanly possible: do not go to law school if you do not want to practice law. Law school isn’t an intellectual endeavor where you spend hours debating legal theory for fun. It is if you continue the academic path after the JD. Did the law professors all practice BigLaw...
by Tingting1013
Tue Apr 13, 2021 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 79
Views: 4906

Re: Buying a Home in SoCal

A few random thoughts: 1. San Diego is a big job market. Are you sure you can’t find a better job that is more sustainable at your current salary? I find that hard to believe for someone in healthcare. 2. $1.7M is a lot of house for San Diego. That’s basically La Jolla prices. 3. If there is no room...
by Tingting1013
Mon Apr 12, 2021 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Internal salary negotiation with significantly appreciated RSUs
Replies: 47
Views: 4323

Re: Internal salary negotiation with significantly appreciated RSUs

At the director level you should easily be able to get an extra $300k on-hire to make up for your invested RSUs. Most large tech companies wouldn't blink at that number for engineers 2 levels lower. I’m never working for a large company again. Only considering pre-IPO startups Out of interest what ...
by Tingting1013
Mon Apr 12, 2021 9:34 pm
Forum: Personal Investments
Topic: Do brokers close accounts of angry customers?
Replies: 32
Views: 2679

Re: Do brokers close accounts of angry customers?

They need you more than you need them
by Tingting1013
Mon Apr 12, 2021 9:33 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 852
Views: 98368

Re: Why not 100% PSLDX?

First, there is no strategy for investing outperformance that does not have capacity restraints. If sufficient investor money, swayed by excellent backtesting results flows into PSLDX, its alpha will be diluted and revert toward zero. No strategy is immune from asset bloat. At what point do you thi...
by Tingting1013
Mon Apr 12, 2021 9:20 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25008

Re: High spenders what do you spend on?

OP would love to get an update from you in a few months to see if you adopted any of these recommendations, and if so, how satisfied were you with the luxury spend? So far I have purchased: A $70k Model Y A $900 backyard play set for my kids A $200 bottle of Scotch All inspired by Bogleheads thread...
by Tingting1013
Mon Apr 12, 2021 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Internal salary negotiation with significantly appreciated RSUs
Replies: 47
Views: 4323

Re: Internal salary negotiation with significantly appreciated RSUs

KyleAAA wrote: Mon Apr 12, 2021 9:02 pm At the director level you should easily be able to get an extra $300k on-hire to make up for your invested RSUs. Most large tech companies wouldn't blink at that number for engineers 2 levels lower.
I’m never working for a large company again.

Only considering pre-IPO startups
by Tingting1013
Mon Apr 12, 2021 9:15 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25008

Re: High spenders what do you spend on?

Recently we have seen some posts of folks spending $150-$200k/yr, excluding housing, college tuition and daycare . If you fit this description, I’m genuinely curious, what are you actually spending your money on? For reference my HHI is $700-800k, excluding housing and daycare and charity, my spend...
by Tingting1013
Mon Apr 12, 2021 8:15 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25008

Re: High spenders what do you spend on?

Recently we have seen some posts of folks spending $150-$200k/yr, excluding housing, college tuition and daycare . If you fit this description, I’m genuinely curious, what are you actually spending your money on? For reference my HHI is $700-800k, excluding housing and daycare and charity, my spend...
by Tingting1013
Mon Apr 12, 2021 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...
by Tingting1013
Mon Apr 12, 2021 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Internal salary negotiation with significantly appreciated RSUs
Replies: 47
Views: 4323

Re: Internal salary negotiation with significantly appreciated RSUs

Updating this thread with the answer to my original question, in case it helps anyone else. Today my boss told me what my raise (including refresher RSUs) would be. And I straight up asked him how these increases are calculated. For my company, during performance review time the system suggests a se...
by Tingting1013
Mon Apr 12, 2021 8:35 am
Forum: Personal Investments
Topic: EEM vs SPEM
Replies: 4
Views: 379

Re: EEM vs SPEM

Nobody buys EEM anymore, they buy IEMG instead
by Tingting1013
Sun Apr 11, 2021 9:58 pm
Forum: Personal Investments
Topic: Buying a 1.5M house in Austin. Should I pull it?
Replies: 51
Views: 5314

Re: Buying a 1.5M house in Austin. Should I pull it?

I live outside of Texas and I heard Austin R/E is hot right now. With around 700k in Liquid (550k in VOO) and income of 500k post tax. Should I pull it? If I can get finance, I should be able to put 300k and buy a house and rent it out. What do you guys think about investing in Texas? How is it vs....
by Tingting1013
Sun Apr 11, 2021 9:28 pm
Forum: Personal Investments
Topic: Buying a 1.5M house in Austin. Should I pull it?
Replies: 51
Views: 5314

Re: Buying a 1.5M house in Austin. Should I pull it?

I live outside of Texas and I heard Austin R/E is hot right now. With around 700k in Liquid (550k in VOO) and income of 500k post tax. Should I pull it? If I can get finance, I should be able to put 300k and buy a house and rent it out. What do you guys think about investing in Texas? How is it vs....
by Tingting1013
Sun Apr 11, 2021 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do - housing?
Replies: 11
Views: 2030

Re: What would you do - housing?

The renovation route seems like the clear option.

Budget $500k all in for rental and construction overage.

End up with a house appraised at $1.5M
by Tingting1013
Sun Apr 11, 2021 7:02 pm
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

I will second the idea of paying down the mortgage. You are unlikely net positive after taxes versus any bond holdings. Especially if you face deduction caps. I'm surprised this came up twice! It wasn't even on my radar. I would not pay down your mortgage. CA is a non-recourse loan state, meaning i...
by Tingting1013
Sun Apr 11, 2021 3:33 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Yeah but I can drive my car out of the way :) Only if you see it in time Do you mean the people who text or talk on the phone? Or do you mean aggressive drivers who won’t let anyone in or change lane? Good luck to those people. A Tesla may not save them. https://youtu.be/k60stdDRk6s https://youtu.b...
by Tingting1013
Sun Apr 11, 2021 3:27 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

You meant a couple of camera, sensors, and a few computer chips? A Tesla will literally drive itself out of the way of a car careening at you. Can your 10 year old Subaru do that? Yeah but I can drive my car out of the way :) Only if you see it in time Do you mean the people who text or talk on the...
by Tingting1013
Sun Apr 11, 2021 3:21 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

You folks in here forget about safety. You meant a couple of camera, sensors, and a few computer chips? A Tesla will literally drive itself out of the way of a car careening at you. Can your 10 year old Subaru do that? Yeah but I can drive my car out of the way :) Only if you see it in time
by Tingting1013
Sun Apr 11, 2021 3:18 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18993

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

H-Town wrote: Sun Apr 11, 2021 3:03 pm
Blue456 wrote: Sun Apr 11, 2021 3:02 pm You folks in here forget about safety.
You meant a couple of camera, sensors, and a few computer chips?
A Tesla will literally drive itself out of the way of a car careening at you.

Can your 10 year old Subaru do that?
by Tingting1013
Sun Apr 11, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Assuming my numbers are not crazy out of the ordinary here are out of pocket costs I am looking at, decent student, middleclass household income: 1. Community College- 6.5k a year. (live at home) Cheapest 4 year degree is 2 years CC and 2 years state school- $53k 2. In state school- 20k a year. 4 y...
by Tingting1013
Sun Apr 11, 2021 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

I went to UCLA for undergrad (finished with zero debt and it costed my mom $0), can somebody use actual words to explain what this magical "college experience" is? It was my "dream school" because I ate up whatever my high school counselors were feeding (neither of my birth pare...
by Tingting1013
Sun Apr 11, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by Tingting1013
Sun Apr 11, 2021 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by Tingting1013
Sun Apr 11, 2021 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by Tingting1013
Sun Apr 11, 2021 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

Long enough ago that a university would pay an undergraduate enough to cover tuition, housing, and expenses plus $8,000 left over. 70's maybe? Anyone that makes this kind of comment, “I worked to pay my way through college so everyone now should too” it immediately identifies you as 1) old and 2) o...
by Tingting1013
Sun Apr 11, 2021 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

5. Taking out a 1% margin loan for cash needs instead of selling appreciated stock and paying 34% LTCG tax. 6. Taking out a 0% new car loan. Literally free money. 7. Taking out a 1.625% interest only mortgage on a CA house to minimize your investment in home equity which the bank can take away from...
by Tingting1013
Sun Apr 11, 2021 11:48 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

What is your opinion on a 50/50 split of SCHG and VTV holding the SCHG in taxable? Seems like there are pretty large tax savings for me by doing that. If you are willing to deal with the extra complexity, splitting the dividends this way would make sense, although I would probably prefer using Vang...
by Tingting1013
Sun Apr 11, 2021 11:22 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

1. Hold all of your international in taxable. [...] 3. Hold as much Value stock as possible in 401k/IRA 4. Hold an equal amount as #3 in Growth stock in taxable. It seems like these are counter-productive given OP's tax situation. I'm in a lower bracket with no state income taxes, and the tax costs...
by Tingting1013
Sun Apr 11, 2021 11:13 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 12
Views: 1200

Re: Real Estate Risk: What Do You Call This Kind?

FOMO Real estate agent salesmanship Possibly "opportunity cost" I don't view it as big an issue as some people perceive it. While it's regrettable if you missed out an opportunity to buy an investment that went up in value, that's not really a "risk". If the cost of housing in t...
by Tingting1013
Sun Apr 11, 2021 11:05 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

I will second the idea of paying down the mortgage. You are unlikely net positive after taxes versus any bond holdings. Especially if you face deduction caps. I'm surprised this came up twice! It wasn't even on my radar. I would not pay down your mortgage. CA is a non-recourse loan state, meaning i...
by Tingting1013
Sun Apr 11, 2021 10:59 am
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

Ah, yes she does. It's through Fidelity and there is a "brokerage link" option. I'll look into this further, thanks for the tip. Brokeragelink opens up a ton more space in 401k for Value stocks. Just find a value index fund that Brokeragelink will buy for you automatically with each paych...
by Tingting1013
Sun Apr 11, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 51
Views: 5187

Re: How much should I overpay?

Is it over paying if those prices are what the current market is selling for? In 20 years I can’t think of a meaningful reduction in SF Bay Area real estate. Even in the 2008 meltdown. I can remember several times where it cooled and there wasn’t multiple offers on every house, but not a significan...
by Tingting1013
Sun Apr 11, 2021 10:13 am
Forum: Investing - Theory, News & General
Topic: Real Estate Risk: What Do You Call This Kind?
Replies: 12
Views: 1200

Re: Real Estate Risk: What Do You Call This Kind?

FOMO Real estate agent salesmanship Possibly "opportunity cost" I don't view it as big an issue as some people perceive it. While it's regrettable if you missed out an opportunity to buy an investment that went up in value, that's not really a "risk". If the cost of housing in t...
by Tingting1013
Sun Apr 11, 2021 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Interest only mortgage: the conservative choice?
Replies: 89
Views: 9606

Re: Interest only mortgage: the conservative choice?

Looking into I/O options and came across this great thread. Thanks OP and hope things worked out for you. Hindsight bias aside, a year later the I/O move given equity market valuations and prevailing rates (10-year breakevens were <100 basis points) at the time was the right play, no question. Then...
by Tingting1013
Sat Apr 10, 2021 9:27 pm
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

One major caveat to my post above. International is only appropriate to hold in taxable if you hold IXUS, iShares’s fund, instead of VTIAX. For some reason the Vanguard fund is much less tax efficient than iShares, even though they are both Total International index funds.
by Tingting1013
Sat Apr 10, 2021 8:16 pm
Forum: Personal Investments
Topic: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing
Replies: 55
Views: 4250

Re: Effective tax rate 40%+ Sanity check on strategy for tax efficient investing

SCHG in taxable, VTV in tax advantaged. 50/50 ratio. 1) Apologies for the noob question, but why SCHG so much more tax efficient than VTSAX? Trying to learn as I go here. 0.5% cost is way higher than I was expecting 2) How does SCHG compare to the wiki suggestion of 90% Vanguard Tax-Managed Capital...