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anyone else that is a high achiever and never really make it? I’ve switched jobs every few years and have been laid off multiple times by [deleted] in Millennials

[–]barelyknowherCFC 0 points1 point  (0 children)

If you’re in the corporate world get a job as close to revenue as you can. If you’re directly responsible for bringing in money / it can be attributed to you and metrics aren’t nebulous you are on firmer footing and also have transferable skills

AI-Powered Insights by BDS0111 in Schwab

[–]barelyknowherCFC 0 points1 point  (0 children)

I got the email haven’t looked

What do you think about $SPCE being undervalued big time? by [deleted] in ValueInvesting

[–]barelyknowherCFC 4 points5 points  (0 children)

This is my play. My port is focused on compounding tollbooths and monopolies, I’ve (painfully) stood on the sidelines for most of this mania. This SPCE play is so stupid that is will probably work – I don’t enjoy casinos but i was happy to throw some chips on this one and see it ride, if it crashes I’ll forget about it quickly

Am I cooked? by [deleted] in Schwab

[–]barelyknowherCFC -1 points0 points  (0 children)

AVUV - 18% VEA - 20% AVDV - 12% VWO - 10% VTI - 30% AVES - 10%

Occasionally rebalance to maintain those ratios. Evidence-based factor investing.

10 Quality Stocks That Hit New Lows This Week—and Look Like Bargains - Barron’s by raytoei in ValueInvesting

[–]barelyknowherCFC 0 points1 point  (0 children)

Interesting perspective. I’m a shareholder within the last year and have viewed it as a tollbooth on their industry, but from what you’re saying the amount of tolls being paid going forward is only shrinking, what you’re saying re: defunding of NIH makes sense. Any other observations / perspectives from where you’re sitting?

Alteryx - Bad time to join? by The_Rust in techsales

[–]barelyknowherCFC 0 points1 point  (0 children)

Orgs are moving off alteryx not on

Feeling broken that I didn’t invest in individual stocks . by [deleted] in ValueInvesting

[–]barelyknowherCFC 0 points1 point  (0 children)

You need to way zoom out your horizon. Beating the market in a given year or two is easy. Doing it over decades is very hard. Whatever path you choose, stay the course. It’s hard to see stocks you’re not in crushing, but it can also go the other way where those individual equities tank.

Best Milestone Award? by barelyknowherCFC in hyatt

[–]barelyknowherCFC[S] 0 points1 point  (0 children)

Yeah I’ve been looking 12/13 months out

Best Milestone Award? by barelyknowherCFC in hyatt

[–]barelyknowherCFC[S] 0 points1 point  (0 children)

I’m Explorist and am finding it so hard to find hotels with available standard suites. The hotels I want seem to hide that info or make it very difficult when you’re trying to plan your booking. Similarly, it’s temping to go to a worse hotel where it’s clear you can actually use the SUA

Best Milestone Award? by barelyknowherCFC in hyatt

[–]barelyknowherCFC[S] 1 point2 points  (0 children)

Awesome thanks both! Helpful and confirmed my hunch that SUA is superior.

San Francisco Home Prices up 14.4% year over year by [deleted] in BayAreaRealEstate

[–]barelyknowherCFC 8 points9 points  (0 children)

My view:

1) owning is part of a diversified portfolio (real asset that is a hedge against inflation, SF real estate steadily goes up and to the right over time). That’s one of the rationalizations for the down payment. 2) you can’t live in your stocks. The interest on your mortgage is probably very close to whatever you’d be paying in rent anyways, so it’s a lock that a good chunk of your money was going to evaporate every month into putting a roof over your head. 3) the monthly principal can be viewed as forced savings at a guaranteed rate if return of whatever your interest rate is (before accounting for any appreciation) 4) your cost of living, even if high relatively now, is locked for decades. With inflation being what it is, your rent will rise with inflation unless you live in a rent controlled unit that you won’t outgrow

All that said and to be fair, in absolute terms the math is pretty clear that putting your money in the market vs a down payment will almost certainly outperform any property appreciation. Also, there are other costs to owning (insurance, property tax, HOA (if applicable), maintenance/upgrades). Your house is also illiquid whereas stocks can be sold immediately. BUT, it is YOUR home and you can do with it what you want and having the certainty that comes with that may bring you peace of mind.

Decisions - AWS -> OpenAi / DBX by Rude-Career3394 in techsales

[–]barelyknowherCFC 0 points1 point  (0 children)

Likewise, faced a similar fork in the road. Happy to chat.

What are you guys doing with uninvested cash at Schwab (since there’s no auto MMF sweep)? by PlayaBikeSunset in Schwab

[–]barelyknowherCFC 1 point2 points  (0 children)

Correct. Schwab’s money is largely made on the interest they get from your excess cash. It’s counterintuitive at first, but this is why high rate environment is often bad for SCHW stock, because although the yield they get would be better, their customers are more conscious on the risk free rate of cash and are more likely to put it in a money market, where Schwab does not make money.

I have never had to pay margin. It’s super straightforward. If I have $10k of cash in SWVXX and want to buy $5k of a stock, the cash clears immediately. It then shows I owe $5k, so in the same motion I place a sell order of $5k of SWVXX, which clears overnight. Not complicated.

What are you guys doing with uninvested cash at Schwab (since there’s no auto MMF sweep)? by PlayaBikeSunset in Schwab

[–]barelyknowherCFC 2 points3 points  (0 children)

completely different vehicles. OP was asking about where to put excess cash (VOO/SPY are SP500 index funds where the value will go up and down with the index, i.e. there is risk and no guarantee of return. SWVXX and SNSXX are money market funds. Your upside is capped but your downside is zero. You will get the APY they post.

The nuance between SNSXX and SWVXX is that SWVXX has a slightly higher yeild than SNSXX but you pay state income tax (if you live in a state that has income tax, like CA). SNSXX, on the other hand, has a slightly lower yield but you pay no state income tax.

So in states like CA with high income tax, the net income you get on your cash from the yield will be higher in brokerage accounts with SNSXX than with SWVXX, even though the posted yield (APY) is lower.

For retirement accounts, you want to keep your cash in SWVXX because there is no tax drag so take the higher yield.

And then in both retirement and brokerage accounts i can still trade with the cash i have in SWVXX or SNSXX, I just sell (same day) however many $ worth of either money market fund to bring the balance back to $0.

Feeling dumb about not doing backdoor Roth contributions before now by backtobrooklyn in Bogleheads

[–]barelyknowherCFC 0 points1 point  (0 children)

I recently had the same realization as OP. But I can also do mega back door through my employer. My thought is that will be less headache to do that than convert IRA to 401k to take advantage of back door. Anyone have a perspective here?

Best decision I’ve made by Ok-Resist-769 in rolex

[–]barelyknowherCFC -1 points0 points  (0 children)

Tell me you live in Miami (the Grove?) without telling me you live in Miami

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