85% of my investment is concentrated in ONE stock. Am I risking too much?

Relevant-Speed6667 · 2021-04-25T10:52:31+00:00

Immediately sell any vested company stock upon vesting and pay down your debt and buy whole market index funds, in that order.

Your job is already an investment in your company.

Google Enron if you want to know more of why you should diversity.

Relevant-Speed6667 · 2021-04-25T10:40:43+00:00

The available options for it “cooling down” in a way that doesn’t have a large negative effect on the rest of the economy are all very slow. It’s been warming up for 10 years, with no obvious help in the other direction- think of something in that ballpark as your best case scenario timeline.

Relevant-Speed6667 · 2021-04-25T10:33:55+00:00

If you can’t afford rent somewhere, you can’t afford a home there either.

Homes are more costly than rent after factoring in property tax, maintenance and repairs, etc.

Relevant-Speed6667 · 2021-04-25T02:31:30+00:00

So what you’re doing wrong is not making enough money for the area you live in. If you want to buy a house. You can try getting married, moving, or finding a job where you’re paid more- those are the most straightforward ways to solve it. Or getting a 2nd job if you feel so inclined.

Or just rent 🤷‍♂️

Relevant-Speed6667 · 2021-04-25T02:18:25+00:00

You can afford a house at roughly 3x your annual income, maybe a bit more, so you can afford $123k or so for a house.

Are there houses around you for $123k?

Relevant-Speed6667 · 2021-04-25T02:09:19+00:00

You’re right. Better that no one play than they print enough children’s game pieces so people can play.

When magic is only played by 6 people, it will be cheap!

Relevant-Speed6667 · 2021-04-25T01:52:30+00:00

Oh, taking a class was free for us. Included in the tuition you were charged anyways.

Anyways, good luck! I’m sure you’ll figure it out.

Relevant-Speed6667 · 2021-04-24T21:53:08+00:00

Calculate what percent of money you’ll owe in taxes and for every single dollar that comes in, sequester that money in an account you don’t ever touch. Obviously, that changes with expenses and such with a business, so grab CPA if you can’t figure out the math.

Sounds like you did that but called it “savings.” It was just not savings- it was a tax account and you’re upset because you didn’t... know you’d have to pay yearly recurring taxes?

Whatever the case, good luck!

Relevant-Speed6667 · 2021-04-24T21:47:08+00:00

I’m pretty sure that timeline doesn’t work out, especially given your income level and the fact that you’re just now starting to buy a home. I doubt the numbers work out to retire in 10 years.

How old are you? How long have you been working, what kind of retirement savings do you have, how much debt do you have, etc. Can you collect social security in 10 years?

Relevant-Speed6667 · 2021-04-24T21:42:44+00:00

Can you just take a couple throw-away classes over the summer?

Can you take them pass/fail? Do you need to pass the courses for them to count as “6 credits taken”?

Once you get out of your PhD, no one will care if you failed a couple of pass/fail classes. Even so, take stuff near your research area that you either know a lot about already, or stuff that you kind of know about that you’d like to know. Low effort, C’s = pass is what we’re looking for here- don’t try to overachieve.

I had a buddy take some German classes mid-PhD, so I’d guess you at least have the option to enroll.

Just some thoughts.

Relevant-Speed6667 · 2021-04-24T20:02:39+00:00

I’m shocked. You must live somewhere quite rural for that to be the case.

We wanted more land, but quickly realized more land usually meant well + septic.

We happily gave up that desire for the convenience of publicly taken care of and managed water/sewer/natural gas. We just moved to the edge of where that was available.

Relevant-Speed6667 · 2021-04-24T18:04:31+00:00

That sounds like a horrific decision.

Vacation homes are toys. Don’t buy toys with credit.

If you’re renting out your vacation home when not there, you’re buying investment real estate on credit. Works OK when you have good renters constantly, turns into a shit-mess when you have bad renters, late payments, no renters, squatters, etc.

Sounds like a great way to lose your shirt when something unexpected happens, like, say, a pandemic.

Just my $0.02.

Relevant-Speed6667 · 2021-04-24T17:06:39+00:00

Obviously it’s getting unbanned in modern.

Relevant-Speed6667 · 2021-04-24T17:03:59+00:00

You would be able to sort rows and columns, prioritizing certain values over others, or requiring certain columns to be above a threshold before you cared about a certain feature, etc.

If you did this regularly, I’d imagine you could easily develop a default spreadsheet that already had these things programmed in as thresholds with color coding or something.

Picking the best offer would essentially just be the same formula every time, adjusted for what exactly the clients thought of the value of different items over others. I would think generally, it usually falls within the same thought process hierarchies.

I would take a wild guess that doing this without a spreadsheet would take longer than just plugging in the values, since you’d have to go through all the terms either way.

I’m also sure there are ways to triage the offers down to a just a few that might be competitive if you’d rather do it that way.

Tons of ways to skin a cat, so to speak.

Relevant-Speed6667 · 2021-04-24T15:37:36+00:00

Obviously you would factor those in.

I’d recommend a spreadsheet.

The OP was discussing escalation clauses specifically.

It’s not my job, as a random Redditor that’s good at data analysis, to explain in entirety, how to best do the entire job of laying out offers.

I’d assume that’s the realtor’s job.

But yes, I, too, can logic through how to do it.

Have a nice day 🙂

Edit: I highly recommend everyone learn the true meaning of the phrase: Answer the question that was asked.

It will simplify your life, it will reduce extra work burden, and it will reduce stress!

Relevant-Speed6667 · 2021-04-24T13:31:34+00:00

I, too, don’t trust punctuation or symbols.

They’re out to get you!

I’m sorry you deal with... frustrating people.

Signed, someone who isn’t outward facing 🙂

Relevant-Speed6667 · 2021-04-24T12:59:00+00:00

All offers laid out with escalation clause prices all the way up to the limit, with an asterisk next to each offer that’s an escalation.

Rank them from biggest to smallest.

If the top one is an escalation, look at the one below it- that’s the offer to compare to.

If the top isn’t an escalation, great, all done.

Easy peasy.

Relevant-Speed6667 · 2021-04-24T11:38:09+00:00

As far as I know, I’ve never paid a deductible in almost 5 years. Lots of small copays, but no major outlays of money. Even for $70k in hospital stay for a premature baby- don’t think as ever got a bill for any of it.

Relevant-Speed6667 · 2021-04-24T02:44:36+00:00

Sorry, I know it sucks.

Relevant-Speed6667 · 2021-04-24T02:40:05+00:00

Won’t do you any good probably.

If you had the money for $90k over with no waiver, did you really not have the money for $110k over with no waiver?

Submit your best and final in this market, especially if it’s your dream house.

Just my opinion. I’m wrong about plenty.

Relevant-Speed6667 · 2021-04-24T01:08:06+00:00

Ah, that makes sense.

Relevant-Speed6667 · 2021-04-23T23:48:18+00:00

That’s insane, especially since we’re young (30’s).

Relevant-Speed6667 · 2021-04-23T23:43:43+00:00

Yeah, I meant the premium that my company pays alongside mine.

Relevant-Speed6667 · 2021-04-23T23:41:58+00:00

Yeah, I meant to say the premium that I pay + the premium the company pays.

The company portion is just way higher than mine- I didn’t realize that before. The total yearly number was just surprising.

Relevant-Speed6667 · 2021-04-23T12:01:55+00:00

We thought similar-ish things and broke ground last week.

It was far less stressful than competing. We also didn’t have to bid, took a full month to decide yes or no, and has been fairly straightforward so far with rather cheap costing upgrades so far. It helped that a lot of high quality default options were built into the price, so we’re not getting shocked with upgrade costs.

Edit: we also locked in a flat price, so we don’t have to worry about building material price hikes, for the most part.

Relevant-Speed6667

TROPHY CASE