Category: 401k and Personal Finance

Reading Time: 3 minutes I think I was pretty ignorant about the Roth IRA or Roth 401k until recently years. Some friends talked about Backdoor Roth IRA a few years ago. Around the same time (Sept 2021), I noticed my employer 401 k plan has a Roth option. Before that I already worked in the USA for about 21

April 14, 2024

Reading Time: 2 minutes I talked about American Healthcare System I 美国医疗系统之一 and American Healthcare System II 美国医疗系统之二。Recently due to my older daughter’s ankle injury, I learned a bit more about the medical bills. We had two visits at Shriner’s hospital near the BJC at central west end: the initial encounter (encounter as in medical billing) and the followup

April 7, 2024

Reading Time: 3 minutes Digital wallet and credit card expiration and automatic extension Investopedia : What Is a Digital Wallet? Also quote Investopedia There are several digital wallets available. Here are some of the most well-known: Cash AppApple PayGoogle WalletSamsung PayPayPalVenmoAliPayWalmart PayDwollaVodafone M-PESA Personally I use Apple Pay (in store) and PayPal (online stores). I know some investors or

February 28, 2024

Reading Time: 5 minutes Writing from my experience on credit card both from consumer (outside) and business (inside) perspective: meaning encourage more usage of the card via loyalty and rewards, make sure the card is on the top of the deck etc. I also understand Americans are addicted to the credit card to a large extent. Full disclosure: between

February 21, 2024

Reading Time: < 1 minute Reasons for that: economy and layoffs – we have zero control on neither; at certain point, companies and organizations started to discriminate against older workers in terms of hiring and firing (layoffs), due to their potentially higher salary, higher healthcare expense, and so on. Surprising, at least for now, AI is the not main reason

February 7, 2024

Reading Time: 2 minutes If you just want to look at the contractor list, it’s here. Basic Knowledge Living in the USA usually also means driving and owning a home. And we need some knowledge about the cars and the house. Even if we live in condo or apartments – in those cases we typically don’t need to mow

January 20, 2024

Reading Time: < 1 minute The famous investor Charlie Munger used to say unfiltered* and he commented: every time you hear EBITA (Investopedia definition, note sometimes it’s also called EBITDA, where the D stands for depreciation), which stands for Earning before Interest, Taxation and Amortization (and depreciation), you replaced it with Bullshit earnings. More cheats, liars and lies I have

January 7, 2024

Reading Time: < 1 minute I came across this term yesterday. You may search the Twitter (aka X) for more tweets on the topic. And this made me to think two small stock positions I have and I may have talked about them in my blog posts too: LEG (Legget and Platt) and SCS (Steelcase). I just did a bit

January 2, 2024

Reading Time: 2 minutes Some friends asked me about the year end tax moves, such as the tax loss selling etc. Here is a good article on the topic – Tax-Loss Harvesting: What It Is, How It Works. My take on tax: this is at least secondary maybe even more down the priority list. The No. 1 priority in

December 19, 2023

Reading Time: 3 minutes 油管:my Youtube 2022 video for BRK HQ video below (narration mostly in Chinese) Charlie Munger We know Charlie Munger (Wiki) passed away recently, and he was the vice chairman of Berkshire Hathaway: he had some influence on Warren Buffet’s investments over the years, including See’s Candy, Coca Cola and so on. Here is the free

December 9, 2023
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