Search found 1372 matches

by Vulcan
Sun Apr 11, 2021 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

But what do you do with a kid who is top 0.05%? The truth is, very few places can offer an appropriate peer group for them. Actually, even the flagship state schools work well for them. There will always be faculty on the lookout for the rare brilliant student. There do not have to be a lot of them...
by Vulcan
Sun Apr 11, 2021 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

nigel_ht wrote: Sun Apr 11, 2021 4:37 pm
Vulcan wrote: Sun Apr 11, 2021 3:11 pm What would you choose?
Cal tech. With MIT a close second.

But then I’m a space geek and JPL > Lincoln Labs

Sigh...okay, yeah, MIT. I never had a hard time finding a party in Boston.
:sharebeer
by Vulcan
Sun Apr 11, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

Top 0.05% are top 1,750 high school graduates in an average year. HYPMS won’t give a full ride to them if parents make too much. A merit based school probably would. That is crazy to think about. How come no one ever mentions ROTC? A few HS classmates did ROTC at ivys. If you want to serve in the m...
by Vulcan
Sun Apr 11, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

Most kids are not 0.05%, even if their parents think they are. The kids who really are in the top 0.05% will likely have full rides to the school of their choice. Top 0.05% are top 1,750 high school graduates in an average year. HYPMS won’t give a full ride to them if parents make too much. A merit...
by Vulcan
Sun Apr 11, 2021 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

USC's aid, like all privates in the spreadsheet (except Vandy) was need-based. He could have possibly angled out more if he designated them as his 1st choice on NMF application. Oops. I didn’t know USC was need-based. So much for that deconstruction :D They are known to give out a few hundred full-...
by Vulcan
Sun Apr 11, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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. Smart highly motivated kids end up together in the harder classes, no matter where you go to school. If your kid is smart enough to get into the top schools, they will be in the top 5% at Flagship State. And they will...
by Vulcan
Sun Apr 11, 2021 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

I do agree (and stated as much earlier) that few schools are worth what they charge. I wouldn't pay $300K for USC. Your spreadsheet is very interesting for a number of things, but it’s hard to imagine the meeting where $4,000 merit aid was decided (unless it was formulaic and deterministic). Tuft’s...
by Vulcan
Sun Apr 11, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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. Smart highly motivated kids end up together in the harder classes, no matter where you go to school. If your kid is smart enough to get into the top schools, they will be in the top 5% at Flagship State. And they will...
by Vulcan
Sun Apr 11, 2021 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

These recurring college threads make me wonder: Who reading this had a child or themselves admitted to HYPMS and didn't attend any of them? I think that is partly the point: HYPMS is likely worth it (depending on the field of study), but is little known private U or out-of-state public that you'll ...
by Vulcan
Sun Apr 11, 2021 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

beyou wrote: Sun Apr 11, 2021 3:15 pm Kids are unique and any such broad rules are just silly.

If this is only a financial decision, don’t have kids.
Had I not gotten married and had kids, could have retired at 40.
This. :beer
by Vulcan
Sun Apr 11, 2021 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

Take UVA or GT as examples. Highly selective Public Research I but in the same Tier 3 category as University of Utah or Arizona State. That the outcomes for the total population of Tier 3, of which few likely do end up in elite graduate programs is lower than his Tier 1 schools is expected. But whe...
by Vulcan
Sun Apr 11, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

Take UVA or GT as examples. Highly selective Public Research I but in the same Tier 3 category as University of Utah or Arizona State. That the outcomes for the total population of Tier 3, of which few likely do end up in elite graduate programs is lower than his Tier 1 schools is expected. But whe...
by Vulcan
Sun Apr 11, 2021 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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? Advanced degrees, in particular professional degrees, completely change the importance of undergrad. For example...
by Vulcan
Sun Apr 11, 2021 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 125
Views: 4526

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

And there is more to life than just money. Money is just an abstract representation of finite time. All the money in the world does not substitute life experiences. How many life experiences can you afford with an extra million dollars by age 38? What is the value of being able to FIRE by age 38 be...
by Vulcan
Sun Apr 11, 2021 1:15 pm
Forum: Personal Investments
Topic: VT and home country bias
Replies: 12
Views: 1122

Re: VT and home country bias

I want to invest in VT for its simplicity and perceived benefit of fewer personal behavioral interventions (is there empirical evidence of this benefit? ). I have no interest in using valuations to tilt one way or another. I'm 46 and just want something we don't need to ever mess with for as long a...
by Vulcan
Sat Apr 10, 2021 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25848

Re: [Third stimulus payment - mega-thread]

Guess ill be claiming this next year during taxes. I grew tired of seeing the "You are eligible for the payment. Once we have your payment date, we will update this page." message and have reduced my tax withholding by submitting a new W-4 so I can recoup the approximate amount of stimulu...
by Vulcan
Mon Mar 29, 2021 10:48 am
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8165

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

KlangFool, I absolutely agree that a motivated person will make the best of the opportunities in front of them, wherever they end up, and it sounds like your niece has done just that. ASU is a solid school where motivated students can definitely excel. But to put things in their proper perspective,...
by Vulcan
Mon Mar 29, 2021 4:30 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25848

Re: [Third stimulus payment - mega-thread]

Still the same "You are eligible for the payment. Once we have your payment date, we will update this page." message here both for me and DW. Account number shown for direct deposit is correct. Owed and paid taxes in 2019 and 2020, and provided account number for the first payment. First a...
by Vulcan
Sun Mar 28, 2021 10:32 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8165

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

From your standpoint, what do you think would be better for him? (A) or (B)? 80K in the age of 20s is a great start for many folks. It offers them options. You want to invest 200K in your kid's future. Why should it be only spent on college education? It could be used for their house's down payment...
by Vulcan
Sun Mar 28, 2021 1:23 pm
Forum: Personal Consumer Issues
Topic: High ranked Univ with liberal arts major or lower ranked school with STEM major
Replies: 121
Views: 8165

Re: High ranked Univ with liberal arts major or lower ranked school with STEM major

From your standpoint, what do you think would be better for him? (A) or (B)? 80K in the age of 20s is a great start for many folks. It offers them options. You want to invest 200K in your kid's future. Why should it be only spent on college education? It could be used for their house's down payment...
by Vulcan
Fri Mar 26, 2021 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2569

Re: HM Bradley experience

And, no, brokerage transfers don't qualify as DD. But transfers also don't factor in to the retention calculation. Can you please provide your source for this? My understanding is if I deposit a $50K lump sum and $10 per paycheck, any non-trivial withdrawal will drop the rate to zero for the follow...
by Vulcan
Fri Mar 26, 2021 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2569

Re: HM Bradley experience

This makes me feel a lot better about the mechanics of withdrawing a large balance all at once when the time comes. Not that things couldn't change, of course. I initiate ACH from Ally straight into the Hatch Bank account. That way I don't have to worry about what HMBradley may or may not change in...
by Vulcan
Fri Mar 26, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: HM Bradley experience
Replies: 29
Views: 2569

Re: HM Bradley experience

FOGU wrote: Fri Mar 26, 2021 11:46 am OK. So HM Bradley wants paychecks, not just money moved over.
Yes. But it doesn't have to be the entire paycheck. Literally any amount will do.
by Vulcan
Fri Mar 26, 2021 7:59 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of net worth in retirement account is "Too much" for early 40s?
Replies: 64
Views: 7114

Re: What percentage of net worth in retirement account is "Too much" for early 40s?

If your kids go to top private ("full-need") colleges, at your income level, for every $100,000 in assets outside your retirement accounts your financial aid will be reduced by approx $5,000 a year.

That is a 40% "tax" over 8 years. Keep maxing out your retirement accounts.
by Vulcan
Thu Mar 25, 2021 11:44 am
Forum: Personal Investments
Topic: Any place better than Marcus (.5%) to park money?
Replies: 25
Views: 2593

Re: Any place better than Marcus (.5%) to park money?

HMBradley. 3% APY on up to $100K.

Discussed here previously.
by Vulcan
Thu Mar 25, 2021 11:40 am
Forum: Personal Consumer Issues
Topic: Engineering - Umich (OOS) - Uva (InState)
Replies: 74
Views: 2899

Re: Engineering - Umich (OOS) - Uva (InState)

Folks, https://www.collegeraptor.com/college-rankings/details/EndowmentPerStudent/ #21 Rice University One of the richest and great university with 90+% of students receiving financial aid is the Rice university. With 826K endowment per student. It is a small good private university. Total student ...
by Vulcan
Thu Mar 25, 2021 11:23 am
Forum: Personal Consumer Issues
Topic: Engineering - Umich (OOS) - Uva (InState)
Replies: 74
Views: 2899

Re: Engineering - Umich (OOS) - Uva (InState)

I'll add another vote for UVa. For majors like engineering that are offered most everywhere and have high job placement (not to mention that the two programs aren't THAT far apart in reputation), it's probably not worth paying for OOS tuition, especially with such a big difference in price. I don't...
by Vulcan
Mon Mar 22, 2021 5:44 am
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3720

Re: budget espresso maker

Shalom Aleichem wrote: Sun Mar 21, 2021 10:56 pm Live long and prosper.
Also ...
"May the Lord bless you and keep you..."
Same hand sign...
Indeed! And same to you :beer
by Vulcan
Sun Mar 21, 2021 10:34 pm
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3720

Re: budget espresso maker

I bought a Philips Incanta. Around $500 new on Ebay (cheapest I found it). I'm happy with it. Now that I've had it a while I wonder if the flavor of the Jura is better? So I'm thinking of getting the Jura. My thought was I am a cheapskate and it would kill me to pay almost $1 per pod for the Nespre...
by Vulcan
Sun Mar 21, 2021 10:27 pm
Forum: Personal Consumer Issues
Topic: budget espresso maker
Replies: 67
Views: 3720

Re: budget espresso maker

In that range your best bet is a Flair or a Cafelat Robot. Both are manual machines but can make far better espresso than any pump machine you can buy anywhere near that range. +1 for Flair With a good manual burr grinder (prepare to spend another $200 or so) and quality Italian espresso blends (I ...
by Vulcan
Mon Mar 01, 2021 5:35 pm
Forum: Personal Investments
Topic: Question on how to simulate VTSAX
Replies: 9
Views: 741

Re: Question on how to simulate VTSAX

I do 80% S&P + 20% Small Cap and call it a day.

Mid Cap is too small a slice to be worth a bother. Its absence does not introduce any meaningful tracking error when replaced by Small Cap.
by Vulcan
Wed Feb 10, 2021 2:23 pm
Forum: Personal Investments
Topic: Total stk mkt mutual fund VTSAX vs Tot.Stk Mkt etf VTI
Replies: 11
Views: 625

Re: Total stk mkt mutual fund VTSAX vs Tot.Stk Mkt etf VTI

Thanks for the comments I read the wiki article in the past and since all my mutual funds are admiral funds, the cost differences between funds and ETFs are negligible. If I were a new investor of if I am buying more in the future I will pursue ETFs. The cost difference is at least an order of magn...
by Vulcan
Wed Feb 10, 2021 2:16 pm
Forum: Personal Investments
Topic: Total stk mkt mutual fund VTSAX vs Tot.Stk Mkt etf VTI
Replies: 11
Views: 625

Re: Total stk mkt mutual fund VTSAX vs Tot.Stk Mkt etf VTI

Read this timeless post by ogd:

viewtopic.php?t=148757#p2223489

If there is something in it you do not understand (premium/discount for example), you have no business trading ETFs.
If you understand it all, chances are you have no desire to.
by Vulcan
Tue Feb 02, 2021 7:51 am
Forum: Personal Investments
Topic: Rolling over Roth IRA & UTMA accounts from Vanguard to Fidelity
Replies: 5
Views: 428

Re: Rolling over Roth IRA & UTMA accounts from Vanguard to Fidelity

Once the funds are at Fidelity, you won't be able to convert. You would need to sell VTSAX and then buy VTI. You can convert only while at Vanguard. That seems easy enough. Because I'd be buying into an ETF I wouldn't lose any time in the market, correct? And since it's in my Roth none of this shou...
by Vulcan
Fri Jan 29, 2021 10:32 am
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

The hardest job to get is the first job, and that's true of internships as well. Most companies hire college juniors for their internships. It's much more difficult to get a relevant paid internship after the freshman/sophomore years. From people I knew at a HYPSM+ some 25 years ago, a surprisingly...
by Vulcan
Fri Jan 29, 2021 10:16 am
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

Basically my kid attended Harvard for less than room and board at a state school. I couldn't have even kept her home for the pittance it cost. If your EFC at a full-need elite school is below in-state flagship, it's a no-brainer. The choice can a bit harder when you are closer to full pay and also ...
by Vulcan
Fri Jan 29, 2021 10:12 am
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

The first Krueger study was done on a cohort in the 1970s. College admissions looked a lot different back then. So does the economy. I am a very big proponent of Plutarch's idea that it's not the places that grace men, but men the places . Even still, our elder applied broadly, and ended up leaving...
by Vulcan
Thu Jan 28, 2021 6:51 pm
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

Here is the problem, many entry level hires believe they went to a "top tier" school in their industry and they didn't. They went somewhere middle of the road or worse and maybe paid top dollar for it. If you have to ask yourself whether you went to a top tier school, you didn't. Every si...
by Vulcan
Thu Jan 28, 2021 6:39 pm
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

I'm hoping my children attend our flagship state school because it's such a great school and the cost is so much lower than the top tier private that I attended. The public school ranks higher on US News Something doesn't add up here. The highest USNWR-ranked public university, UCLA, is ranked #20,...
by Vulcan
Thu Jan 28, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

I'm hoping my children attend our flagship state school because it's such a great school and the cost is so much lower than the top tier private that I attended. The public school ranks higher on US News Something doesn't add up here. The highest USNWR-ranked public university, UCLA, is ranked #20,...
by Vulcan
Thu Jan 28, 2021 3:24 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4545
Views: 227804

Re: TD Ameritrade & Robinhood restrict trading of GameStop and AMC stock

Has this impacted anyone here? Does this change your views about using these brokers (and others that may be doing the same thing) going forward? What other stocks, mutual funds, or ETFs might they try to restrict you from buying? I moved most of our assets away from Vanguard last year because they...
by Vulcan
Tue Jan 26, 2021 6:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard: [What happens if] Company failure / fraud / hack attack
Replies: 8
Views: 1390

Re: Vanguard: Company failure / fraud / hack attack

bdr1000 wrote: Tue Jan 26, 2021 5:42 am Where would you suggest looking in the forum for prior discussions on this topic? thanks
This is a good start:

https://www.bogleheads.org/wiki/Vanguard_safety
by Vulcan
Mon Jan 25, 2021 3:54 pm
Forum: Investing - Theory, News & General
Topic: Inflation
Replies: 72
Views: 5748

Re: Inflation

Fast forward a year and nearly 1/4 of all money ever printed was printed in 2020 :oops: :oops: So I have 2 questions: 1. Is it still the opinion of the forum that large (5%+) inflation risk is low? In a fractional reserve banking economy the actual "printed money" (M0) is but a tiny fract...
by Vulcan
Mon Jan 25, 2021 2:19 pm
Forum: Investing - Theory, News & General
Topic: Inflation
Replies: 72
Views: 5748

Re: Inflation

Fast forward a year and nearly 1/4 of all money ever printed was printed in 2020 :oops: :oops: So I have 2 questions: 1. Is it still the opinion of the forum that large (5%+) inflation risk is low? In a fractional reserve banking economy the actual "printed money" (M0) is but a tiny fract...
by Vulcan
Wed Jan 13, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12448

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

Fidelity's card still offers extended warranty as part of Visa Signature benefits, unlinke Citi Double Cash Mastercard, which recently cancelled it.

https://www.myvisacardportal.com/fideli ... tions.html
by Vulcan
Wed Jan 13, 2021 11:22 am
Forum: Personal Investments
Topic: Opening a high yield savings account at an online-only bank as a FI/FIRE step
Replies: 37
Views: 2607

Re: Opening a high yield savings account at an online-only bank as a FI/FIRE step

Like many here I've been using Ally as my primary bank for both checking and savings for many years (even though I also have accounts with Fidelity and Schwab, among others). They have excellent customer service, competitive rates, best-in-class website with bill pay, and excellent product offerings...
by Vulcan
Tue Jan 12, 2021 1:57 pm
Forum: Personal Investments
Topic: Why max 401k before 529?
Replies: 181
Views: 10700

Re: Why max 401k before 529?

It’s for each parent to decide. But if I were in your position, I would at least put some contribution early to 529 (before taxable investing) when kid was born. The problem is, there are just too many unknowns when the kid is born, both in the sense of your career and income trajectory, and in ter...
by Vulcan
Sun Jan 10, 2021 12:51 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 133
Views: 9980

Re: How much do you allocate to international equity?

If people really want to be fundamentalists on not favoring their home country, 100% of equities in Total World is about the only position that is really consistent in my opinion. I bet very few people really have that allocation. 100% VTWAX here on the stocks portion (or approximation thereof in e...
by Vulcan
Fri Jan 08, 2021 8:43 am
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 372
Views: 35203

Re: Why isn't every indexer investing in small cap value index funds?

I don't (see signature) Out of curiosity, do you believe in the equity risk premium? Sorta. If so, why? If not, why not invest in 100% bonds? Because bonds (like cash) are ultimately paper whereas stocks are a share in the real productive economy. And that's how I view them. I own companies, not &q...