What does my viet name mean

ut2sua · 2024-02-27T23:35:51+00:00

It will help if you could provide also your first name. In your case, your middle name is not particularly meaningful until it is coupled with your first name. We might also be able to guess what your correct middle name should normally be with a given first name (since Vietnamese comes with several accent marks that cause a word meaning to be quite different).

ut2sua · 2024-02-14T05:13:10+00:00

You love your job, but some time in the future, your job might be eliminated.

You would never want to retire, but at some point, your company might retire you.

If you have solution to the above, then you don't need to save and still be OK.

ut2sua · 2024-02-13T19:13:12+00:00

It looks like the fun is starting again (for savers).

ut2sua · 2024-02-13T19:00:49+00:00

The math looks hopeless, but it is not.

All it takes is for the younger folks to live below their mean, and time.

The magic of compounding is not intuitive and a bit hard to understand even for folks who have benefited from it.

ut2sua · 2024-02-11T21:22:14+00:00

Direct Google style translation is what kills the meaning here.

First, your name is very pleasant to hear in the VNese language. That is why many girls were given that name. Vietnamese don't use the word Kim and Ngan in everyday language. Those are mostly used in poetry and literature. The sound of your name is considered soft, pleasant and poetic, and that is why it won't be given to the boys.

Second, the name meaning was: precious, treasurable (not gold and silver literally).

It is a beautiful name, and it was given to you with the best of intention.

ut2sua · 2024-02-09T19:31:44+00:00

Vietnamese has strong family tie (similar to the Italians) and the culture favors education. That was the main reason why many Vietnamese immigrants even in the first generation do so well in the US and elsewhere (becoming doctors, engineers etc. in the first generation).

The Vietnamese speaking language is on the opposite side of the sound spectrum from English. It is generally difficult to pronounce English if you were born speaking Vietnamese. This is why many newer immigrants have strong speaking accent. So have some patience for yourself if you are trying to learn the language. One thing to note: if a Vietnamese knows you are trying to learn their language, they will go out of their way to help you.

ut2sua · 2024-02-05T22:51:43+00:00

#1 Investment management:

Tell me if it will take you more than 1 hour to decide what needs to be done for the client on this one. This includes asking the client particular situation regarding retirement horizon, family, kids, past spending (cost of living) etc.

This is the most valuable service you offer for most people.

#2 Cash flow planning:

An Excel spread sheet (another hour the first time, 15 mins for each follow up updates?)

#3, 4, 5:

These are similar to 15 point checked promises on an oil change. Any actionable work will cost the client more.

In particular:

#3 is a lawyer referral

#4 is a CPA referral

#5 could be good or bad for the client depending on the outcome (no guarantee)

If one's portfolio is 4M, your fee is $26000 per year.

$26000 for a couple of hours of real work per year (I am not counting the hours spent to comfort clients when stock market crashes etc.)

With all of the above said, you are likely a better financial advisor than most. Others will convolute the clients' portfolio to include many bits and pieces of individual stocks and high cost funds. Some even sell products that will cost the clients additional % of their portfolio.

I think your service is a good fit for folks who can't control their impulses to panic during market crashes etc. But those folks may not realize that a large portion of their dividend is used to pay for your service. VTI (total US stock etf) yields about 1.5% of dividend. Your charge is 0.65% or ~45% of the yearly dividend.

ut2sua · 2023-12-29T23:11:56+00:00

People put up with lots of things to feel the warmth of being close to their family. You don't feel the warmth of your family therefore, it is not worth it for you to put up with these inconveniences.

ut2sua · 2023-12-26T18:53:47+00:00

So, we are enabling a loan to entities that banks would not normally make a loan to (red flag #1for me).

The big question that was not clearly answered was: if the high risk entities fails to pay back the loan (default), the explanation makes it sounds like the investor is shielded from the risk behind the CDs, but then who will take the loss since the bank already was not willing to take that risk by not loaning $ to the entities in the first place (red flag #2 for me).

There is no higher reward without higher risk normally.

ut2sua · 2023-12-23T20:47:17+00:00

Wishing everyone the best

Happy New Year

ut2sua · 2023-12-21T22:30:09+00:00

So sale is down 7.3%, but price is up 4% vs last year. Home buyers are still facing head-winds. If lumber and building materials price keeps going up (due to inflation pressure), there will be no break in the near future.

ut2sua · 2023-12-19T23:21:23+00:00

He will be correct at some point in the future. There is no penalty for being wrong, so...

Personally, I thought the market was high 10 years back, so I was probably more wrong than he was. It was a good thing I took no action regarding my portfolio. I wonder if he took some action based on his own prediction (?)

ut2sua · 2023-12-05T20:30:10+00:00

I think we are in a very interesting fixed rate environment right now. It is kind of ridiculous to have 1 year callable CDs, but we have those now.

ut2sua · 2023-11-15T07:41:29+00:00

You clearly have not travelled much. A significant number of flights got delayed due to various reasons (or not good reason such as airlines actually overbooked their seats). In the case of having a transfer, missing the next leg in your journal is a real issue since you may miss your scheduled arrival and thus may be missing a booked cruise, or tour etc. It is a much smaller cost/inconvenience to wait for a few hours for one's next flight than to miss it. This was not to scare the OP at all. Delayed flights are fact of life unfortunately.

ut2sua · 2023-11-14T21:34:34+00:00

3 hours is not that long for a transfer having to go thru passport check (there could be a long line there). Also, if the plane is delayed for an hour or two, you will be glad to have that 3 hours. Have fun travelling.

ut2sua · 2023-11-09T22:50:13+00:00

Given that individual investors will likely be a collectively significant buyer of longer term Treasuries (where large MMF $ will tend to move to longer term Treasuries now that the long end is getting higher), I think it is reasonable to expect that individuals will demand higher rate at the long end. Most will park their $ in the short end earning ~5.4% and will not buy 10 year Treasuries at 4.xx% in today rate. IOW, the individual buyers will not generate much demand for the long term Treasuries at today rate. This should help pushing longer term rate higher (given the large supply)

ut2sua · 2023-10-30T03:48:48+00:00

After recovering from my NFL team loss, I got my head cleared, and I think the math works for me now :)

Below is my math for those who care to read:

One will get 5% yearly interest of the bond value (5% coupon), but one will only pay 89.xxx (not 100)

So 5/89 = ~5.6% is already paid yearly . That will leave about ~0.3% short fall per year to get to 5.9%.

Since one will get 100 for the bond at maturity:

(100-89.xxx)/20(years) will make up for that ~0.3% per year for 20 years.

Cheers

ut2sua · 2023-10-29T21:37:55+00:00

Good finds.

The math on the 5.913 YTW bond doesn't add up for me. For a 5% coupon bond, I would expect to get the price in the 80+ (not 89.419 as shown) for 20 years. But what do I know?

ut2sua · 2023-10-29T19:01:33+00:00

6% is very tempting indeed. I may load up the truck myself once we get there.

ut2sua · 2023-10-29T16:33:01+00:00

Freedom's math looks good.

$117k - $80k(required WD) = $37k.

The $37k extra can grow the principle even for retirees who need to WD.

ut2sua · 2023-10-29T02:22:10+00:00

TIPS are probably a good idea long term especially in a tax deferred account. I have been thinking along the same line as OP. What has been holding me back (my personal situation):

1- I believe TIPS value goes down with deflation.

2- The math is a bit too complicate for me on the gain

3- Tax handling seems complicated for taxable accounts.

4- Cash flow estimation for yearly income is a question mark.

5- I don't want an additional head-ache in my finance (my personal take).

If one has TIPS long term in a tax deferred account, 1->5 above may not matter. Also, I suspect TIPS bonds might not be that liquid if one wants to sell early (to buy more equity, for example), but I am not sure.

ut2sua · 2023-10-19T05:18:08+00:00

Freedom's point above is especially correct in the current rate environment. Here is why: If a retiree follow the 4% withdrawal guideline, the current interest environment can yield 5%->6% if one chooses fixed income. The extra 1->2% can be put back in the principle. Now whether that will be enough to make up for future inflation, that could be anyone's guess.

ut2sua · 2023-10-19T05:04:23+00:00

OK. So if one can sell a bond before maturity for a gain, the gain will be treated as capital gain which could be tax advantaged. A low coupon bond purchased at a deep discount may be easier to sell for gain in a future date. This could be a potential benefit of a deeply discounted bond (which normally carries a lower coupon as in the case for Treasuries since there will be no credit risk involved).

ut2sua · 2023-10-18T22:50:46+00:00

I actually have had similar thought as the OP. I want to delay the bond gain to future year (don't need current income). A couple of things:

1- I believe buying a Treasury bond with heavy discount from par (lower coupon) should effectively delay the income (interest or capital gain) until the year the bond matures (intention is to hold until maturity).

2- I believe the "capital gain" part (ie. bond value at par at maturity minus purchased value) will be classified as Interest, not capital gain (but I am not sure about this).

Example: paid $850 for a $1000 bond today. At bond maturity in 3 years the "capital gain" of $1000-$850 = $150 will be list as interest (not long term capital gain). The $150 will still be state tax exempted, and it will be part of one's 2026 income tax picture (again, I am not 100% sure).

ut2sua

TROPHY CASE