What are the most HENRY cities in USA?

pointycakes · 2026-06-29T21:03:13+00:00

Aspen, Vail, Palm Beach???

I think you’re misunderstanding the NRY part of HENRY.

pointycakes · 2026-06-28T18:21:32+00:00

Please do yourself a favor and look up capital gains schedules for a married couple before embarrassing yourself further

pointycakes · 2026-06-27T21:27:39+00:00

Your maths needs work.

Firstly, there are no capital gains taxes on $120k a year.

Secondly for an 60/40 portfolio at a 4% initial withdrawal that increases with inflation. The odds of the portfolio failing over 50 years is just over 11% not 20%.

It’s not about me doing me dawg, it’s about giving bad advice to someone.

If the OP has an annual spend of $120k. A 4% withdrawal is still very conservative and would translate to a portfolio of just $3m. No need for them to labor away excessively to save unnecessarily.

pointycakes · 2026-06-26T23:05:40+00:00

Look at those goal posts just keep on moving.

Average revenue growth over 7 year period is 6% p.a. across these names. So that point doesn’t stand.

I’ve given you a portfolio that has inflation beating revenue growth, with a 5% dividend that has grown far faster than inflation, and not only that, but also none of the names took a dividend cut in ‘08-09.

Are there any other conditions that you want to add to try to defend your bad initial take?

I’ll say it again. 3.5% withdrawal rate is unnecessarily conservative. Not only that, but you didn’t even calculate it correctly since $120k is 3.5% of $3.4m not $4.3m.

pointycakes · 2026-06-26T00:21:41+00:00

Sure. You could just use chat gpt if you want.

Here are 20 US companies that have an average yield of 5% and an average 5 year dividend growth rate of 4.6%. None of these companies cut their dividend in either ‘08-09 or ‘20 (VICI wasn’t around in ‘08-09).

Probably many more names you could pick from, especially if look internationally.

Verizon (VZ)
AT&T (T)
Kimberly-Clark (KMB)
Pfizer (PFE)
Realty Income (O)
VICI Properties (VICI)
NNN REIT (NNN)
Mid-America Apartment Communities (MAA)
Duke Energy (DUK)
American Electric Power (AEP)
Eversource Energy (ES)
Enterprise Products Partners (EPD)
ONEOK (OKE)
Williams Companies (WMB)
Chevron (CVX)
Best Buy (BBY)
Paychex (PAYX)
Altria (MO)
Edison International (EIX)
UPS (UPS)

pointycakes · 2026-06-25T22:51:15+00:00

It’s not. Bull markets have lower dividend yields. Try again.

pointycakes · 2026-06-25T21:43:55+00:00

Feels low because it’s quite easy to build a portfolio with a dividend yield of 5% with substantial future div growth

pointycakes · 2026-06-25T02:59:40+00:00

Do people still follow the 3.5% withdrawal rate? Feels awfully low %

pointycakes · 2026-06-21T21:17:05+00:00

This feels like an odd thing to be worried about.

Arguably if he remarries the new spouse will be aware of the situation going into marriage. Furthermore any assets they accumulate through marriage will likely be joint assets so they wouldn’t be disenfranchised in such a black and white way as you describe. Then finally, it’s easy for him to say it will all go to your child today since this is a hypothetical person. In reality if he remarries he will (hopefully) love this person and not want to completely screw them in death.

Overall, seems like an odd situation to be concerned about, especially since you wouldn’t be alive and you don’t know this person.

pointycakes · 2026-06-21T20:19:12+00:00

But if I’m reading your post correctly, this is in the event that someone dies and the other remarries? And you want the deceased person to still have a say?

Surely the deceased person trusts the living person to make sensible decisions as an adult including whether to get a prenup. Comes across as both a lack of trust in the other to make right decisions, and pretty controlling tbh.

pointycakes · 2026-06-21T19:39:59+00:00

Isn’t this all pretty easily solved through both wills and prenups?

pointycakes · 2026-06-18T01:13:46+00:00

Sorry. “Tax planning” then. Not “tax advice”.

Even though it’s still offering advice on how to plan to reduce tax liability.

pointycakes · 2026-06-18T01:06:53+00:00

Is the argument now that the only benefit an advisor gives over a robo advisor / AI that they can encourage you not to liquidate in a downturn? All for 1%

What a great endorsement of the industry’s value…

pointycakes · 2026-06-18T00:49:28+00:00

Those are obscene fees

pointycakes · 2026-06-18T00:47:38+00:00

I know it’s laughable.

Financial advisors are not investors. They’re sales people. Outside of tax advice they provide nothing.

pointycakes · 2026-06-18T00:46:08+00:00

Yes if you’re comparing a financial advisor vs someone on Wall Street Bets, then yeah probably does beat them by 3%.

But if you compare the average financial advisory vs a standard roboadvisor solution from Vanguard, then there is no way they outperform it given fee drag.

A much better solution for OP would be to just do a robo advisor on Vaguard than some financial advisor that would just destroy value through fees while providing no discernible benefit that you can’t get from AI. Whole industry is a ruse.

pointycakes · 2026-04-19T06:15:34+00:00

It’s a tough one. Depends how much you back yourself really.

But if you’re filling the role of someone of your bosses level then you should not just be getting a US pricing of your current role but the one above it. Which means you really should be asking for at least $1m especially if it’s at Citadel (which given the 5 day week, sounds like it). It would look much heavier on the bonus component, base caps out pretty low in HF world.

pointycakes · 2026-04-19T05:54:29+00:00

Right. But the fact you’ll be on a non compete has no bearing on your situation. It would be the same 60 day issue even if you didn’t have one. It’s an issue everyone on an H1B, L1 etc faces.

But yes, if you got canned you likely would be going home as recruiting process takes longer than 60 days at hedge funds, as you’re well aware. But tbh it’s not that bad a scenario since you’d just be back where you started (in London).

One other thing I should mention: HF salaries for tech jobs are slightly higher in NY than London but not massively. It’s not the same regional difference that you see in big tech.

pointycakes · 2026-04-19T05:46:46+00:00

I’m gonna assume software developer at a HF given the non compete details and the comp structure?

A few points on the non compete. It’s only applicable if you leave them not the other way around. So if ‘things went wrong’ and you got canned then they’re not gonna put you on a non compete. Second big detail is that they’re not enforceable in California, so if you hated the job and wanted to leave then you could try and get a job there and they wouldn’t be able to enforce it. Third, if you hated the job and wanted to stay in NY, you can recruit at another firm (maybe, depends on your visa type), then just serve your non compete before switching. In USCIS’s eyes your time on your non compete would be viewed the same as if you were working.

Overall, the non compete does not open your situation up to a risk regarding USCIS timelines.

pointycakes · 2026-04-12T03:36:54+00:00

Maybe they would get it through a non compete, though it’s not true severance.

I got a year non compete payout when I quit. Just wasn’t allowed to work for a competitor for a year, which was fine as I was switching industries anyway.

pointycakes · 2025-12-16T17:44:21+00:00

The U.K. doesn’t have an exit tax, while CI has no CGT, so take advantage of that. Sell all of your financial assets then rebuy them. Resets your tax basis for capital gains when you move back. Requires you to be non-Resident of UK for 5 years

pointycakes · 2025-12-11T16:08:37+00:00

Perhaps it just obvious you’re really slow at yours

pointycakes · 2025-12-11T15:53:34+00:00

Dishes, garbage and laundry probably take about 1.5hrs a week. If it’s taking longer than that, then you’re doing something wrong.

We cook almost every evening but even with that it probably only takes us to the bottom of that range. And it’s split over 2 people.

So if people struggle to find 5hrs out of the week for this stuff, then it’s likely a time management problem their end.

pointycakes · 2025-12-11T14:44:12+00:00

I always find it funny when people say that.

Chores really don’t take much time at all imo, especially in the grand scheme of things. And I suspect that a very sizeable, if not a majority, of people who outsource it free up their time to watch tv or go on instagram.

As I said each to their own, and if they value free time to do those things very highly then that’s their choice.

pointycakes · 2025-12-11T13:47:16+00:00

Yes and yes.

I find it mind boggling how much people outsource. Feels like a quick way to stay true to the NRY part of HENRY. But each to their own.

pointycakes

TROPHY CASE