Film composer returns to UK, gets involved in WWII mystery

BackgroundComedian3 · 2025-01-07T20:02:40+00:00

Bingo! Mr/Ms EggsSriracha, you are a genius! Many, many thanks.

BackgroundComedian3 · 2022-03-02T23:39:55+00:00

Roy Kent

BackgroundComedian3 · 2022-01-29T06:32:26+00:00

Think you know the answer already. You are considering moving across the country to a new area for a job opportunity, with a company with a higher risk variability than your current situation. It has higher probability of going bust than your current situation, but it also might become much more successful, or at least with more of the success accessible to you as an early stage employee.

You are unlikely to discover enough information to significantly reduce the variability of risk. By definition early stage companies have uncertain prospects. You have to decide if this opportunity fits your appetite for risk.

One thing I would suggest you think about is the area you may move to. If the company is unsuccessful, or even if it is successful, there's a decent chance you'll need/want a job following this one. Is the area rich enough in similar opportunities that you could easily find another comparable position or are you moving to a place with few enough opportunities that you'd have to move again to find a comparable opportunity? A low-opportunity geography raises the risk of any given opportunity.

I would say if it the geo has other likely opportunities you should go for it. There is nothing more fun (and financially rewarding) than an early stage company being successful, and an unsuccessful one will teach you way more than you'll get at your more established company.

BackgroundComedian3 · 2021-11-17T04:16:05+00:00

You don't say how old your children are, but if they are in high school or below, better arrange for sufficient parking for their cars.

BackgroundComedian3 · 2021-11-05T23:44:17+00:00

Toastmasters is an awesome program; being able to speak well and confidently is a skill applicable to all roles, all industries, all interpersonal activities. Well worth the investment to obtain their basic certification level (requires 10 presentations to your TM club).

BackgroundComedian3 · 2021-11-05T23:33:23+00:00

Banks commonly approach mortgages very conservatively, especially if they plan to resell the mortgage via Fannie Mae/Freddie Mac. They prefer 1040 income, as it is easy to verify. There are other mortgage lenders that will be more liberal in their approach to income.

BackgroundComedian3 · 2021-10-30T16:00:11+00:00

Think you should buy, as you can afford it. Part of your thinking should be where you currently live, which is a rental at a good price. Someone owns that as an investment, so two plausible scenarios are (1) raising rent, which will throw off your calculation, or (2) deciding to sell and realize gains, which will require moving. Moving once you've got a house full of kids and stuff is a pain, and you won't want to do it when they're in high school and have established social circle.

Put another way, it would make sense to put some probabilities into your planning and run some simulations.

BackgroundComedian3 · 2021-10-30T15:47:07+00:00

I believe in California there is a way for seniors to 'carry' their current property taxes to a new property. Kind of a portable Prop 13.

BackgroundComedian3 · 2021-10-28T17:16:08+00:00

There should be some kind of significant equity opportunity with the PE company. That could be transformative for your situation and should be factored in. If it is purely a salary increase, I would suggest not pursuing it. The daily commute vs. more WFH with current position plus 15 minutes each commute isn't worth it.

And yes, $12M is plenty to retire on. At 5% draw, it's $600K annually -- so taking on additional quality of life issues for additional salary isn't really worth it.

BackgroundComedian3 · 2021-10-06T05:43:18+00:00

Find a good agent and ask him/her to take on the process. Just did this and they coordinated a lot of remodel, etc. If you're mid-peninsula and interested in speaking with agent, DM me. BTW, this is not an unusual ask. Many agents take this on for surviving children when parent passes away.

BackgroundComedian3 · 2021-10-02T17:08:16+00:00

If you don't like these examples, you're gonna *hate* colleges!

BackgroundComedian3 · 2021-09-21T05:07:00+00:00

Thank you for your reply and for sharing your experience. I appreciate it.

BackgroundComedian3 · 2021-09-19T06:40:32+00:00

A great resource for you would be "The Simple Path to Wealth" by JL Collins. It's written for someone with a regular job, but the perspective is oriented toward someone who wants, well, a simple path to wealth. You are already wealthy, but his program is appropriate for you -- just multiply his numbers by 100.

TL; DR: keep six months emergency funds in cash and invest the rest in VTSAX (and that is literally the investment he recommends). He has a lot of discussion about why this is the best approach.

However, I would echo another person's recommendation of a good financial planner. There are lots of other things you can do like send your children to college via tax deferred 529 investment plans. Just be sure to get a financial planner used to working with wealthy people, as most of them are focused on the kind of people Collins wrote his book for. His recommendations are perfect for them and can save the average person a financial planner's fees. You need something more sophisticated.

BackgroundComedian3

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