Search found 1190 matches

by Tingting1013
Fri Apr 23, 2021 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?
Replies: 19
Views: 986

Re: Moving Away from California - How Much Do You Save Retiring To a Low Cost Area?

Do you own your house now? If so you can transfer your property tax base to the new house which means you could be paying less than $7,500 Will you have a mortgage on the new house? On your CA tax return You can deduct property taxes in full and mortgage interest up to $1M in principal, lowering you...
by Tingting1013
Fri Apr 23, 2021 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 25
Views: 2144

Re: How much house can we afford?

The OP didn't specify the split of HHI between the two of them but it sounds like the job(s) appears stable and they have exceeded their income expectations. It sounds like their income might continue to grow and exceed expectations. I think anything between $2-4M is reasonable. FYI my income is 75...
by Tingting1013
Fri Apr 23, 2021 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 55
Views: 3051

Re: Which is more forward-looking? Solar panels or Roth investment?

No idea what your electricity costs are, or what you would be investing in with your Roth account. My electricity bills tend to be just under $20 a month, a little higher in the winter. I also don't tend to live in the same house longer then about 5 years (which is pretty typical for Americans), so...
by Tingting1013
Thu Apr 22, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can we afford?
Replies: 25
Views: 2144

Re: How much house can we afford?

I would look at $5M houses.
by Tingting1013
Thu Apr 22, 2021 12:14 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Everyone seems to be offering around $8.6k for the car, except Carvana. They are offering an eye-popping $11.7k. It's very tempting to take them up on that offer. Wow, more than 3k more then the competition (giving them about $6k profit)! But Carvana is asking 14-16k, so they can still just wash th...
by Tingting1013
Wed Apr 21, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9995

Re: Buying a Home in SoCal

Made a decision. Gave spouse 2 all the money, quit job, moved away. I feel so much better. Thanks for all the help. What do you mean by this? Exactly what I wrote. Packed a suitcase, got on a plane, gave spouse 2 all the financials. Deactivated myself from access. So.... you are still married, but ...
by Tingting1013
Wed Apr 21, 2021 12:02 pm
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 95
Views: 8086

Re: I wish VTWAX was no transaction fee at Schwab

I would actually love to automate entirely and not have to login. However, I don’t believe it is possible at Schwab (even with Schwab mutual funds) to setup auto buys AND maintain an asset allocation. M1 Finance will do this for you Only if I use VT (the ETF). Which is equivalent to VTWAX in every ...
by Tingting1013
Wed Apr 21, 2021 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Pros/Cons for Permanent WFH Roles/Jobs
Replies: 16
Views: 1899

Re: Pros/Cons for Permanent WFH Roles/Jobs

DM me, I have a job for you.
by Tingting1013
Wed Apr 21, 2021 12:01 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

randomguy wrote: Wed Apr 21, 2021 12:00 am
Tingting1013 wrote: Tue Apr 20, 2021 11:52 pm

Agains, if the numbers don’t work out they don’t work out. You are no worse off than if you bought the car new.

a) buy the car for 25k + TTL
b) buy the care for 25k+500 lease fee+ TTL

How is B not worse off?
Ok you got me. Worse off by $500. On a total transaction of $25k.
by Tingting1013
Tue Apr 20, 2021 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Promotion and Salary Negotiations
Replies: 18
Views: 2455

Re: Promotion and Salary Negotiations

These days, unfortunately, you need to have a number in mind and be prepared to give it to the recruiter. Not a range because they only hear the low number and you only hear the high number. Ideally you would have done research and seen if this is possible, which it sounds like you have. Recruiters...
by Tingting1013
Tue Apr 20, 2021 11:52 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Scenario 2: You follow my advice and lease instead. You insist that the dealer lease you the same car for $25k selling price. If they don't you walk away. They call you back to the desk as you're halfway out the door. You sign the lease ($5k + TTL + $500 lease initiation fee as your total three yea...
by Tingting1013
Tue Apr 20, 2021 11:00 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

As an example, my parents are considering a new car lease. The "standard" lease terms (meaning without negotiation) for a vehicle with a $45k sticker is $3,995 due at signing and $439/mo. Total cost $19,799. If they decide to pull the trigger, they will be leasing a top trim model with ad...
by Tingting1013
Tue Apr 20, 2021 10:35 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Scenario 2: You follow my advice and lease instead. You insist that the dealer lease you the same car for $25k selling price. If they don't you walk away. They call you back to the desk as you're halfway out the door. You sign the lease ($5k + TTL + $500 lease initiation fee as your total three yea...
by Tingting1013
Tue Apr 20, 2021 10:30 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Scenario 1: You buy a new car $25k + TTL. Scenario 2: You insist that the dealer lease you the same car for $25k selling price. When you walk onto the lot, unless you work at that dealership, you have no idea what the actual number is for scenario 1. In fact, it probably changes daily. So, even mos...
by Tingting1013
Tue Apr 20, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

This is all one transaction. If any of the numbers don’t line up, you just keep the car. The best offer you can get is the best offer you can get, and is the “price” to you, and the “depreciation” to you. The situation to you is all that matters. Not what the Platonic “market value” is. And yeah, i...
by Tingting1013
Tue Apr 20, 2021 9:55 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

My argument doesn’t depend on anything other than you negotiating the same selling price for a lease as you would for a purchase, and a relatively low lease money factor (interest rate). I agree that you are assuming this: "negotiating the same selling price for a lease as you would for a purc...
by Tingting1013
Tue Apr 20, 2021 9:39 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

https://www.ford.com/trucks/ranger/pricing-and-incentives/?gnav=footer-vehicles Well played, Sir. Point to you! But that says nothing about how thick the market is. If there is the same level of competition for Ranger leases (in 2002) as purchases, then I would expect similar price efficiencies. If...
by Tingting1013
Tue Apr 20, 2021 9:37 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 309
Views: 15795

Re: "Mortage is a negative bond" - please help me understand

I don't know if that's less confusing, but it's certainly less accurate. Your home isn't a bond. It's a real asset (i.e. "real estate") that does not produce a fixed amount of income. So it's not a bond. Again, I say rent out your home, live in your car and then tell me your home produces...
by Tingting1013
Tue Apr 20, 2021 9:28 pm
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 309
Views: 15795

Re: "Mortage is a negative bond" - please help me understand

Thus I would instead prefer to use the phrase “your net home value is a bond.” I don't know if that's less confusing, but it's certainly less accurate. Your home isn't a bond. It's a real asset (i.e. "real estate") that does not produce a fixed amount of income. So it's not a bond. Again,...
by Tingting1013
Tue Apr 20, 2021 9:21 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

I’m saying if you had leased the first three years of that Ford, ... Your math inquiry is not insane. Full disclosure: I don't buy it on practical grounds. But it's not nuts. However, here you have gone off the rails. Are you seriously suggesting your model applies to a 2002 Ford Ranger? When the m...
by Tingting1013
Tue Apr 20, 2021 9:15 pm
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 95
Views: 8086

Re: I wish VTWAX was no transaction fee at Schwab

I'm sorry, I have to be honest here. I still don't get the fact that with an ETF you constantly feel the need to trade, but if it were a mutual fund you would only log on twice a month to trade. What am I missing? The only difference is that the MF is priced once a day at end of trading while the E...
by Tingting1013
Tue Apr 20, 2021 9:10 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

I’m saying if you had leased the first three years of that Ford, ... Your math inquiry is not insane. Full disclosure: I don't buy it on practical grounds. But it's not nuts. However, here you have gone off the rails. Are you seriously suggesting your model applies to a 2002 Ford Ranger? When the m...
by Tingting1013
Tue Apr 20, 2021 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Promotion and Salary Negotiations
Replies: 18
Views: 2455

Re: Promotion and Salary Negotiations

These days, unfortunately, you need to have a number in mind and be prepared to give it to the recruiter. Not a range because they only hear the low number and you only hear the high number. Ideally you would have done research and seen if this is possible, which it sounds like you have. Recruiters...
by Tingting1013
Tue Apr 20, 2021 8:25 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

18.5 years ago, I bought a 2002 Ford Ranger. Being 20, and it buying my first car, I probably didn't get what most would call a great deal. I can't even remember what benefits I got for taking an '02 off the lot at that time of year. Total cost was $22,100 after once I paid it off after five years....
by Tingting1013
Tue Apr 20, 2021 7:00 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Relative to an outright purchase, a car lease is a put on the car asset. It has a variable strike price, set by the terms of the contract applied to the state of the car at contract termination. The lease origination fee is the cost of the put. The car dealer has better information than you do to e...
by Tingting1013
Tue Apr 20, 2021 1:31 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 1107
Views: 92266

Re: First 20% of bonds in long-term Treasuries

just EE bonds vs. long term treasuries. And the same would go for taking CDs over treasuries when there is a yield advantage for the former, but that's not really pertinent here since there are no long term CDs, AFAIK. EE bonds are nice, but also pretty irrelevant to larger portfolios. I can't mean...
by Tingting1013
Tue Apr 20, 2021 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Investing in..your career
Replies: 13
Views: 1813

Re: Investing in..your career

Field? Degree? If you haven’t got your masters yet that could be an excellent way to launch into a more rewarding niche if you still have some military benefits you haven’t used yet. I’m about to start my MBA using the GI Bill. It’s insane how much money it’s going to save me. There’s also tons of ...
by Tingting1013
Tue Apr 20, 2021 6:14 am
Forum: Investing - Theory, News & General
Topic: I wish VTWAX was no transaction fee at Schwab
Replies: 95
Views: 8086

Re: I wish VTWAX was no transaction fee at Schwab

I'm intrigued by this conversation because I would love, one day, to have the option to have free Vanguard mutual funds, not at Vanguard. Personally, their municipal bond funds exactly suit me, and all other options (other mutual funds companies, ETFs) leave me wanting. Sure, some other alternative...
by Tingting1013
Tue Apr 20, 2021 5:31 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

Why do all this when you could just skip the middle man (and the depreciation man) and buy a 3 year old car for $15k? If you're planning on buying the 3 year old car when the lease is up anyway, why bother with the lease portion? Yeah I was wondering the same as when we purchase a car it's typicall...
by Tingting1013
Tue Apr 20, 2021 4:58 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

You are in the market for a new Honda Accord. You intend to keep it forever. Let’s say the selling price is $25k, and Honda expects the car to depreciate $10k in the first three years. Your total lease cost is $10k + taxes + interest. At the end of the lease you have the option to buy out the remai...
by Tingting1013
Mon Apr 19, 2021 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9995

Re: Buying a Home in SoCal

cowbman wrote: Mon Apr 19, 2021 1:01 pm Made a decision. Gave spouse 2 all the money, quit job, moved away. I feel so much better. Thanks for all the help.
Decisive.

I like it.
by Tingting1013
Mon Apr 19, 2021 11:51 am
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 156
Views: 14676

Re: Why leasing a new car is always the best option even if you intend to keep it forever

You are in the market for a new Honda Accord. You intend to keep it forever. Let’s say the selling price is $25k, and Honda expects the car to depreciate $10k in the first three years. Your total lease cost is $10k + taxes + interest. At the end of the lease you have the option to buy out the remai...
by Tingting1013
Mon Apr 19, 2021 10:16 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 309
Views: 15795

Re: "Mortage is a negative bond" - please help me understand

After sleeping on it, I think I understand my issue with framing a mortgage as a negative bond. The obligations and income don’t match up for me. If I held a 30 year fixed mortgage and a single 30 year individual Treasury bond - then obviously the mortgage is a negative bond. I’m pretty sure most pe...
by Tingting1013
Sun Apr 18, 2021 10:26 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 866
Views: 100772

Re: Why not 100% PSLDX?

So we've discussed before that PSLDX is a pretty bad idea for taxable accounts due to the very high dividend payout structure. I'm currently using NTSX, but I'm open to more aggressive DIY approaches. What other options are there that would work well in a taxable account? Futures Figured that would...
by Tingting1013
Sun Apr 18, 2021 10:12 pm
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 866
Views: 100772

Re: Why not 100% PSLDX?

DMoogle wrote: Sun Apr 18, 2021 10:11 pm So we've discussed before that PSLDX is a pretty bad idea for taxable accounts due to the very high dividend payout structure. I'm currently using NTSX, but I'm open to more aggressive DIY approaches.

What other options are there that would work well in a taxable account?
Futures
by Tingting1013
Sun Apr 18, 2021 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Would a Shift to Primarily WFH Affect Promotion Opportunity?
Replies: 32
Views: 2041

Re: Would a Shift to Primarily WFH Affect Promotion Opportunity?

It's very company dependent. I think the most obvious answer would be, the position that you're aspiring to, is it WFH or is it on-site? Let's say I'm aspiring to reach senior management / C-Suite (Is it silly to "aspire" to become middle management?). As mentioned, I'm not sure if this i...
by Tingting1013
Sun Apr 18, 2021 9:57 pm
Forum: Personal Investments
Topic: Case for holding vested stock options?
Replies: 23
Views: 1318

Re: Case for holding vested stock options?

It's really up to you. I usually like to do a trailing stop, so I can ride the upside while capping the downside. But, given this is Bogleheads, majority of advice you receive would be to sell immediately and invest into VT or what have you. Actually no, the standard Boglehead advice on employee op...
by Tingting1013
Sun Apr 18, 2021 6:29 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

The business major is now attending his dream school, chosen at least in part for its reputation and excellent networking opportunities. He won't have to worry about unpaid internships and will have plenty left over for an MBA. .... We too consider college the single best investment that can be mad...
by Tingting1013
Sun Apr 18, 2021 6:21 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

S peaking of which, 90% of my jobs I've had came from the network I built at the university I attended. 0% came from the cheap community college classes I wasted money on. (btw this isn't a comment against community college. If knew better, I would have taken care of different classes in community ...
by Tingting1013
Sun Apr 18, 2021 6:14 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

The business major is now attending his dream school, chosen at least in part for its reputation and excellent networking opportunities. He won't have to worry about unpaid internships and will have plenty left over for an MBA. .... We too consider college the single best investment that can be mad...
by Tingting1013
Sun Apr 18, 2021 6:10 pm
Forum: Personal Consumer Issues
Topic: Covid Price Surges: Whats good to sell right now?
Replies: 18
Views: 2499

Re: Covid Price Surges: Whats good to sell right now?

johncunningham wrote: Sun Apr 18, 2021 4:38 pm Ammunition. Seriously.
$OLN
by Tingting1013
Sun Apr 18, 2021 6:05 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

The business major is now attending his dream school, chosen at least in part for its reputation and excellent networking opportunities. He won't have to worry about unpaid internships and will have plenty left over for an MBA. .... We too consider college the single best investment that can be mad...
by Tingting1013
Sun Apr 18, 2021 6:04 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

No, there isn't any problem with my post at all. Costs matter. I am telling parents on here to NOT resign themselves into spending tens of thousands of dollars for college if there are alternative routes available, of which they might not know. Even for a business major, it's possible to get a coll...
by Tingting1013
Sun Apr 18, 2021 5:43 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 199
Views: 14776

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

The business major is now attending his dream school, chosen at least in part for its reputation and excellent networking opportunities. He won't have to worry about unpaid internships and will have plenty left over for an MBA. .... We too consider college the single best investment that can be mad...
by Tingting1013
Sun Apr 18, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 49
Views: 5717

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

I was also worried about credit utilization. They said it won't be reported to credit bureaus. At least not now but they do reserve the right to report. This is definitely encouraging. Curious if anyone who has drawn from the LOC can confirm how it looks on their credit report. They also don’t repo...
by Tingting1013
Sun Apr 18, 2021 12:52 pm
Forum: Personal Consumer Issues
Topic: Buying a Used Prius
Replies: 8
Views: 501

Re: Buying a Used Prius

Buy a new Prius Prime or Honda Clarity, it will be cheaper
by Tingting1013
Sun Apr 18, 2021 12:18 pm
Forum: Personal Consumer Issues
Topic: Covid Price Surges: Whats good to sell right now?
Replies: 18
Views: 2499

Re: Covid Price Surges: Whats good to sell right now?

Used car prices have skyrocketed while new car prices have basically stayed the same.

A clear arbitrage opportunity. Trade up your used car for a new car for very little incremental cost (or even profit)
by Tingting1013
Sun Apr 18, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 41
Views: 3185

Re: New vs used car in a strong used car market

Prius Prime - cheapest new car you can buy right now. (cheapest b/c it will have positive equity once you get all the rebates and tax credits, assuming you live in a Toyota sales area that is offering the $5k cash/rebate right now) Unless they need the space of a CRV. Pretty sure Honda Clarity will...
by Tingting1013
Sun Apr 18, 2021 10:27 am
Forum: Personal Investments
Topic: Any experience with Toyota Income Driver Notes?
Replies: 114
Views: 13884

Re: Any experience with Toyota Income Driver Notes?

Even though I consider myself risk-averse, I applied because I believe that there is an extremely small chance that Toyota will default on their notes. Their long-standing commitment to quality demonstrates to me that they care about their reputation. I would not buy this type of note from Ford, be...
by Tingting1013
Sun Apr 18, 2021 10:11 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 309
Views: 15795

Re: "Mortage is a negative bond" - please help me understand

There is one economic sense in which a mortgage is not neutralized by holding an equal amount in bonds.

A mortgage gives you exposure to the underlying home price. It is the price of entry to real estate as an asset.

Holding bonds does not cancel that exposure out.