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  1. Idk, The Thin Red Line is pretty damn good and he gets blasted in it.

  2. This offers screams that you are going to be screwed over.

  3. Certainly want to still be involved. Our endgame would be an acquisition, just didn’t think things would move so quickly. Post-acquisition, we’d remain as employees to see things through. At least for a while.

  4. Are you guys looking to continue growing the company or sell it for a quick buck?

  5. Not looking for a quick buck. But their last umbrella ended up selling for $1B, so it’s something we’re noodling. We’d continue working on it, though as employees rather than founders.

  6. IIRC, it wasn’t that the database was lost or deleted, but it was encrypted and the encryption key (ie, the key to decrypt the data to be able to read it) was “lost”. It always seemed fishy that the encryption key was nowhere to be found.

  7. Wait, is this from MN? I have a cabin by there

  8. We also have Virginia's battle flag we captured in the civil war. The sore losers ask for it back frequently. We always say no.

  9. https://www.twincities.com/2017/08/20/minnesota-has-a-confederate-symbol-and-it-is-going-to-keep-it/

  10. Not exactly what the weird kid did but a weird thing that happened.

  11. The Simple Path to Wealth by JL Collins

  12. Glad this was the top post. This is great for beginners who feel overwhelmed by the idea of investing themselves without an advisor of some sort. We had used an advisor for YEARS before I read this book. It gave us the confidence to fire our advisor (who gave us poor advice that cost us) and manage everything ourselves. It’s been 2 years and it’s clear we made the right decision. The biggest takeaway, however, is not to get too emotional during the market swings.

  13. Looking for advice. I've been a follower (and periodic contributor) of this subreddit for a couple of years and here's an issue I've been struggling to solve. My dad is already retirement age, and like most people his age, his financial acumen lacks considerably. So, when he sold some land recently and all of a sudden has some cash on hand, I was horrified when he told me that he was going to work with a financial advisor and pick 3 or 4 stocks to invest in while ALSO purchasing an annuity that was recommended for him (mind you, he's not in the greatest health).

  14. I haven't retired early, so take my advice with a grain of salt.

  15. Shouldn't a few thousand shares @ $150 be closer to $500,000? I would want to know what fraction of your NW that share is before making a decision. If it's significant fraction then I'd be more inclined to take the capital gains hit to increase my diversity. If it's not a significant fraction then I'd be more inclined to hold it and sell it at a time when I had more control over what my tax rate is (i.e. in retirement).

  16. I've certainly sold some along the way (I think first when it was $30, then $45, then $75, then $100). I have about 600 shares left, just shy of $100k in total value, which is approximately 10% of my current net worth.

  17. Sorry, I totally glossed over the part of your original comment where you give exactly that information. I would cash out just enough to offset your loss from the annuity and then hold the rest. Keep in mind that I'm an idiot and don't understand tax law at all, especially capital gains.

  18. Haha, that's what I was thinking, but I'm in the same boat as you and wanted to double check!

  19. We did the same - also got THISCLOSE in September. Celebrated with a cheap bottle of sparkling wine, and now looking forward to our next milestone - for us being about $1.5M in investments.

  20. Spreadsheet day! -$35k! Biggest drop I've had yet and I'm honestly amazed at how little I care.

  21. -42k here. I don't really care other than being THISCLOSE to the double comma club in september before the dip.

  22. Well, we're here. Getting close to "correction territory." Are people happy about it as so many on this thread are usually calling for this event? Changing anything? I'm just buying when I can but maintaining EF % and all allocations are the same.

  23. I'm bummed. We were about $5k away from the double-comma club at the peak a few weeks ago and we had our champagne ready to go as we thought we were just days away from getting there. Now, I guess we'll just wait longer. ¯\_(ツ)_/¯

  24. We purchased life insurance earlier this year and used

  25. Netflix: Peaky Blinders, Ozark. Guilty pleasure, but I have a soft spot for The Great British Baking Show.

  26. I've seen a few answers about how hard it is (and it is) but there's an alternative if either of your careers allow it of course. That's finding a remote job. Easier for me given that I'm a software engineer. My wife works in health care. We're both on the "fast track" so to speak in our careers, but with me working from home, I've got the flexibility to handle daycare dropoffs and pickups, emergencies when the kids get sick, get a lot of chores done around the house during the day, doctor/dentist appointments, etc.

  27. If you don't find it worthwhile to go, you'll be bitter the whole time and there is little point to going.

  28. We have a 3 year old and 18 month old. We have family that suggested going to Disneyland (though, probably somewhat selfishly as they live close by and we don't) and how great it'd be for the kids - but we really feel we won't entertain the idea until they're 5-6 years old at minimum.

  29. Question about selling stock, I'm an idiot so just double check this logic.

  30. If given the option, always sell Y (taxed at 15%) over X (taxed at 33%).

  31. Does anyone else fantasize about being financially independent and then working at a chill job.

  32. Of course! Being CoastFIRE already, I'm planning on finding some low-key part-time work in the next few years and do that for 10-15 years and just enjoy life. Everyone has different definitions on what their chill job looks like. For me being a software engineer, I love building software, but not necessarily for "the man", so either building something myself that generates a little income that I can do casually (something that doesn't require me being connected 24/7), or finding other opportunities out there (ie, 20-30 hours/week contract work for about 8 months of the year then take 4 months off, mentorship, etc). Not sure what that'll look like yet, but definitely in the plans in a few years.

  33. Question for the older folks around here, all 3 of you ;) At what age did you not actively/aggressively seek promotions anymore?

  34. I know you didn't mean me :) I'm 35 and I'm already there. I think the switch flipped for me about 2 years ago when my 2nd child was born. I realized that I'm in a very good position (software engineer) and reaching for the next promotion (for me, likely means lead, architect or management) comes with risk and higher expectations. Since I'm already CoastFIRE, with a good paying and cushy job with great work/life balance to spend time with my family, I've pulled back a bit for sure.

  35. I had the itch last summer. Took some cash I was willing to lose (for me, about $5k). It got crazy last December when it peaked at about $35k in value. Now hovering around $15k in value. I won't put any more money into it right now. But I'm certainly willing to let it ride and cash out in 5-10 years. If it goes crazy, I can pay off my mortgage with it. But it's also probably more likely it'll be worthless in a few years - in which case all I lost was $5k. Anyway, point being - I'm not banking on it and only put in what I'm willing to lose.

  36. i've been researching the company that gave me a job offer. the internet unanimously agrees that their product/service is a hoax. would you work for a company who knowingly sells snake oil? what if they offered you 40% increase?

  37. One thing I've learned about myself is that if I don't believe in the product/company I'm working for, I'll be miserable. Everyone's different, but even with a 40% salary increase, I would in no way take that job knowing it was a hoax.

  38. I've finally rolled my various company 401k's into personal IRAs (because I don't currently have a company 401k).

  39. First, you should choose your new investments in both accounts. When you view your account balances, under each account you should see a "Buy and sell" dropdown. Here's where you'll want to buy Vanguard funds (such as VTSMX since you're under the $10k minimum for VTSAX). The actual investments you choose are up to you - I'd suggest doing some research first to understand which ones make sense to you. But since your account balances are lower, you may only be able to choose one fund within each account for now (I think Vanguard funds require a $3k minimum).

  40. Retirement account and backdoor Roth questions:

  41. Lol good thing I asked! Could you explain why or how? Is it just because of fees I would be paying to him or is the return historically worse? Just want to have my facts straight!

  42. As someone who got scammed on whole life insurance, STAY AWAY!!! Yes, the policies are front-loaded with fees. We finally wizened up and cashed out, losing a few thousand dollars in the process (for the curious, we ended up exchanging to a variable annuity so we can maintain the cost basis anyway). There's plenty of conservative investments you can make that are WAAAAAY better than life insurance.

  43. You can probably find advisors to work based on an hourly rate, but typically you're looking at 250-400/hr for someone who actually knows what they are doing, and in order to give you really good advice, they have to engage with you and your goals enough to do a basic financial plan which is going to require 10-20 hours of work, so you're probably looking at $2-3k minimum.

  44. You touch on it briefly here, but many advisers are just really good salespeople. A book I recently read, The Simple Path to Wealth, touches on this as well - almost all advisers are out there to make themselves money, with a handful of good ones out there to make their clients money. I'm not sure if this applies similarly to the Vanguard advisers (since Vanguard is investor-owned), but you can be sure it applies to a large chunk of the industry anyways. With that said, something to point out is that financial literacy isn't that hard. A few books, some hours of solid research (including podcasts and blogs like MMM, MadFientist, etc.), and you can probably confidently go along your way without needing an advisor. I'd take that path way before I'd pony up thousands of dollars for an advisor.

  45. I just got own-occupation disability insurance and term life insurance! Back of the envelope calculation suggests that the net present value of the rest of my career is something like three million dollars, so it's absolutely insane not to protect it from random stuff like getting blinded by some idiot with a laser or something.

  46. I recently went through re-evaluating our life insurance policies as well. Being relatively well-paid, I have about 30 years until the typical retirement age of 65. However, I really only want to be working full-time for another 5 years or so. Then go part-time to cover our expenses and let our investments ride (so, trading income for time).

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