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Re: Mango prepaid card - 4.8% (effective) APY

tj wrote:Why tax free?


I was pointing out that using $500 to avoid the $2 fee is like a 4.8% tax free return.
by Ketawa
Sat Jan 31, 2015 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 77
Views: 30387

Re: Mango prepaid card - 4.8% (effective) APY

I received my 1099-INT forms for both Mango and UnionPlus. For some reason, the interest was reported in box 3. Has anyone else had this issue? It should be in box 1, like last year. Has anyone had success recently attempting to sign up for more than one card? I have been trying to get a second card...
by Ketawa
Sat Jan 31, 2015 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 77
Views: 30387

Re: Refinance motrgage

I would put down enough to avoid PMI.
by Ketawa
Fri Jan 30, 2015 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance motrgage
Replies: 12
Views: 1264

Re: What is your BMI?

27.0. 6'5", 227 lbs. I lift 4-5x/week, cardio 2-3x/week. I deadlift over 400 easily.
by Ketawa
Thu Jan 29, 2015 8:41 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What is your BMI?
Replies: 28
Views: 1883

Re: W-4 - Change Marital Status?

Use IRS Pub 15-A and you can find the exact amount that will be withheld from your paycheck based on the number of exemptions you claim. I modify my W-4 and dial in my withholding so I owe about $100 when I file my taxes.
by Ketawa
Thu Jan 29, 2015 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: W-4 - Change Marital Status?
Replies: 7
Views: 510

Re: why is the Starwoods Preferred Guest AMEX worth the fee?

You kind of answered your own question. It's not worth a lot unless you frequently stay at Starwood hotels. It has a $65 annual fee. Starpoints are valuable, so if you stay at Starwood properties frequently, the annual fee might pay for itself with extra points. At Starwood properties, $0.02/point x...
by Ketawa
Wed Jan 28, 2015 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: why is the Starwoods Preferred Guest AMEX worth the fee?
Replies: 5
Views: 634

Re: Refinance with Third Federal? 3/1 ARM, 2.34%, $295 costs

That was disappointing. Third Federal received my application but is unable to finance my condo since it is a converted property. The property was built in 1908 and is in a historic district. It was converted to condos sometime in the 1980s. I'm sticking with my NFCU mortgage at 3.00%. This informat...
by Ketawa
Wed Jan 28, 2015 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance with Third Federal? 3/1 ARM, 2.34%, $295 costs
Replies: 8
Views: 993

Re: Asness - The Small-Firm Effect Is Real, and It’s Spectac

robert88 wrote:
Ketawa wrote:AQR's funds are not hedge funds. They are mutual funds registered with the SEC.

not true


Here's a link... http://www.sec.gov/cgi-bin/browse-edgar?scd=series&CIK=0001444822&action=getcompany
by Ketawa
Wed Jan 28, 2015 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 62
Views: 6351

Re: Amazon Prime - good deal or calculated conditioning

Correlation is not causation. Prime is also worthwhile for video streaming. $99/year is basically the same as $96/year for Netflix streaming. Amazon has a lot of HBO's back catalog available for streaming, including all-time great shows like The Sopranos, Six Feet Under, The Wire, and Deadwood. It's...
by Ketawa
Wed Jan 28, 2015 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime - good deal or calculated conditioning
Replies: 50
Views: 2852

Re: Asness - The Small-Firm Effect Is Real, and It’s Spectac

What I would love to know, although I don't really expect Mr. Asness to answer, is how many factors are used in his hedge funds' models. Presumably, he hires legions of Phds so that they can discover new factors, which he then keeps proprietary. Not so secret. Here is a good place to start: https:/...
by Ketawa
Tue Jan 27, 2015 10:09 pm
 
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 62
Views: 6351

Re: An alternative to alternative investments [QSPIX]

While these discussions of QSPIX + beta as an alternative to a typical tilted portfolio are interesting, I think it diminishes the number and diversity of factors and assets that QSPIX is invested in. If you take a simplistic view of the factors (value, momentum, carry, defensive) and assets (equit...
by Ketawa
Tue Jan 27, 2015 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 272
Views: 31256

Re: Asness - The Small-Firm Effect Is Real, and It’s Spectac

Oh, and while I won't address a specific product in depth (I get yelled at for that!), some of the turnover numbers above seem very odd and way too large. They are affected by inflows, especially when the funds are smaller, and how a fund like ours equitizes inflows - they are not regular, steady s...
by Ketawa
Mon Jan 26, 2015 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 62
Views: 6351

Re: Asness - The Small-Firm Effect Is Real, and It’s Spectac

Another question: a) Are there enough high-quality small-cap stocks to go around? b) Can this be used as a long-only strategy, or is this a long-the-high-quality, short-the-low-quality deal? I believe "quality" is basically the same thing as "profitability" used in the AQR core ...
by Ketawa
Mon Jan 26, 2015 1:19 am
 
Forum: Investing - Theory, News & General
Topic: Asness - The Small-Firm Effect Is Real, and It’s Spectacular
Replies: 62
Views: 6351

Re: Focused Larry Portfolio

You can write it any way you want, but does not pass the sniff test of common sense. I will tell you what LP will do going forward. It will give great left tail reduction as ANY portfolio will do that has low weighted averages dedicated to equities, BUT will in the same token also limit right side ...
by Ketawa
Mon Jan 26, 2015 12:52 am
 
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 3176

Re: Heat pump - drop temperature at night or keep constant?

<snip...>The aux heat only comes on when the outside temp gets below about 10 degrees F. Almost the same for us, where the backup kicks in when the outside temp get's to the mid-teens. Even then, the aux heat is only on for a few minutes to "kickstart" the heating. I wonder if the OP's un...
by Ketawa
Sun Jan 25, 2015 4:20 pm
 
Forum: Personal Consumer Issues
Topic: Heat pump - drop temperature at night or keep constant?
Replies: 17
Views: 1239

Re: Heat pump - drop temperature at night or keep constant?

I have an ecobee Wi-Fi thermostat and a heat pump for my condo. The thermostat takes into account the outside temperature to estimate how early it needs to start heating before the desired temperature goes up. It's not a perfect feature. It regularly underestimates the amount of time needed. If it h...
by Ketawa
Sun Jan 25, 2015 3:07 pm
 
Forum: Personal Consumer Issues
Topic: Heat pump - drop temperature at night or keep constant?
Replies: 17
Views: 1239

Re: Google Chrome: is this a mega security problem?

I haven't read the whole thread so maybe it's in here somewhere. But why didn't you just get a separate account for your Chromebook? +1. You can get a different Google account for the Chromebook. You can log in to multiple Gmail accounts at once if you still need access to email. Chrome, Drive, etc...
by Ketawa
Sun Jan 25, 2015 2:23 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6582

Re: Factors and zero-sum investing

One problem is that not all passive investors hold the market portfolio. Some active investors can be expected to beat the market portfolio, since passive investors probably hold comparatively more dollars in S&P 500 index funds due to things like 401k availability. At this point, even Larry Sw...
by Ketawa
Sun Jan 25, 2015 2:15 pm
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2923

Re: Google Chrome: is this a mega security problem?

Latest Update: I just picked up another new Chromebook to try out. As required, I signed into my Google account as part of the setup process. To my amazement, everything from my laptop Chrome browser was synced to this brand new Chromebook: bookmarks, browsing history, extensions, apps, all of it. ...
by Ketawa
Sun Jan 25, 2015 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6582

Re: Bad 401K or Taxable or Mortgage or Car Loan?

I would look for a no closing cost loan. I keep hearing about these but have yet to come across a true, honest to goodness "no closing cost loan." I remember looking high and low for something like this the last time I refinanced but never found it. The best options I found were to roll t...
by Ketawa
Sun Jan 25, 2015 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 799

Re: Factors and zero-sum investing

Many Bogleheads participate in a zero sum game by avoiding entire asset classes, like junk bonds. I don't expect this argument to convince anyone to incorporate junk bonds into a portfolio, however. Perhaps writings from some prominent finance professors will help. Try these: http://web.stanford.edu...
by Ketawa
Sun Jan 25, 2015 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2923

Re: Focused Larry Portfolio

Who knows what the future holds, but it clearly was possible to reduce equity risk ("beta" or "% of equities in a portfolio") with similar portfolio returns. I'm not sure how you got that from the chart. DFSVX suffered a 66% loss in the financial crisis, while TSM only suffered ...
by Ketawa
Sun Jan 25, 2015 1:59 am
 
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 3176

Re: Focused Larry Portfolio

not sure what this proves. it's ahead now. it was behind in 2000. it was nearly equivalent in late 2007. in 10 years, it'll be.. 50% behind? jack bogle says there's no free lunch. what do you know that he doesn't? This demonstrates that it was possible to reduce equity risk in a portfolio and achie...
by Ketawa
Sat Jan 24, 2015 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 3176

Re: Focused Larry Portfolio

Since the primary goal of the portfolio is to reduce equity risk and maintain a similar return on assets.. does not exist. never has , and never will. Very convincing! DFSVX since inception vs Total Stock Market: http://i59.tinypic.com/2zq6lmu.png Who knows what the future holds, but it clearly was...
by Ketawa
Sat Jan 24, 2015 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 3176

Re: Factors and zero-sum investing

People are using the term "zero-sum investing" as a euphemistic criticism of factor investing. But as you pointed out, the same is true of domestic vs international equities. If Browser or other posters are going to say that zero-sum investing is a good reason to avoid factor investing, a...
by Ketawa
Sat Jan 24, 2015 1:41 am
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2923

Re: TIPs, what do they really add

white_water wrote:Is anyone besides me feel that a serious disadvantage to TIPS is that the government defines "inflation" as opposed to practical day-to- day inflation that consumer's deal with?


Have you seen MIT's Billion Prices Project?

http://bpp.mit.edu/usa/
by Ketawa
Fri Jan 23, 2015 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 2842

Re: Factors and zero-sum investing

What richard is saying is correct: deviations from the market must be a zero sum game. If value stocks outperform the total market, growth stocks must underperform. The same is true for domestic versus foreign equities from the point of view of the total world stock market. If domestic equities out...
by Ketawa
Fri Jan 23, 2015 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2923

Re: Initial SEC yield and subsequent 5yr and 10yr returns

I don't understand the reason for all this discussion about whether distributions are reinvested or not. Total return is total return. This seems to be the same mental accounting fallacy for equities where investors think there is some meaningful difference between reinvesting or not reinvesting div...
by Ketawa
Fri Jan 23, 2015 11:37 pm
 
Forum: Investing - Theory, News & General
Topic: Initial SEC yield and subsequent 5yr and 10yr returns
Replies: 139
Views: 6709

Re: Focused Larry Portfolio

At some point, you start to sacrifice adequate diversification. Your portfolio will be concentrated in a few countries, or too few companies. For example, my emerging markets holding is QEELX, which has exposure to value, momentum, and profitability. Over 1/3 of the fund is in China. This is fine fo...
by Ketawa
Fri Jan 23, 2015 10:40 pm
 
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 3176

Re: Refinance?

I would refinance due to the uncertainty caused by having a balloon payment. Who knows what might happen in the next two years? As remote as the possibility is, you might not be able to qualify for another mortgage. You'll have to refinance anyway; you might as well do it now. I would probably look ...
by Ketawa
Fri Jan 23, 2015 10:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance?
Replies: 7
Views: 542

Re: Factors and zero-sum investing

Zero sum is perfectly appropriate here. On average, all stock investors get the market return (before costs). In order to do better than a total stock market index by overweighting a portion of the market, someone else must do worse by underweighting that portion. That's zero sum. Put another way, ...
by Ketawa
Fri Jan 23, 2015 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Factors and zero-sum investing
Replies: 57
Views: 2923

Re: Refinance motrgage

Disregarding any spousal considerations, you should definitely refinance. Your original loan had a payment of $1104 ($200k for 30 years at 5.25%). It would originally end in 2036, but you will finish 6 years ahead of schedule in 2030 due to the extra payments towards principal you have already made....
by Ketawa
Fri Jan 23, 2015 3:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinance motrgage
Replies: 12
Views: 1264

Re: Refinance question

Okay, Third Federal looks intriguing. Just to make sure that when I input my data into the calculator on the Mortgage Professor website, I'm using the right figures, I should be using APR, right? I'm looking at the 3/1ARM (15yr) and its rate is 2.3% but the APR is 2.91. Why the spread? Anyways, usi...
by Ketawa
Fri Jan 23, 2015 3:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinance question
Replies: 9
Views: 750

Re: Credit card FICO, is it a gimmick? EMV+sign, useful?

I think the FICO from credit cards is a kind of a gimmick. I have had a free FICO score from Barclays, which uses TransUnion, for over a year: 778 in December 2013 775 in January 2015 In the meantime, I applied for and was approved for 15 credit cards, mostly chasing signup bonuses. My score reporte...
by Ketawa
Fri Jan 23, 2015 2:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit card FICO, is it a gimmick? EMV+sign, useful?
Replies: 20
Views: 1704

Re: Refinance question

You should use the rate, not APR. APR can be useful for comparing competing mortgage choices; it's not useful for mortgage calculators. APR incorporates the closing costs into the rate, which you are accounting for separately already in the calculator. It also includes an assumption that interest ra...
by Ketawa
Wed Jan 21, 2015 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance question
Replies: 9
Views: 750

Re: I'm thinking about making very large 529 contributions A

No, maxing out all tax-advantaged space and paying off a home mortgage should come first.
by Ketawa
Wed Jan 21, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm thinking about making very large 529 contributions ASAP
Replies: 71
Views: 5294

Re: Refinance question

For the loan I referenced, yes. Ok, I cheated a little. Third Federal is typically $295 or $595 for a low cost refinance, depending on state. It includes all fees, like lender's title insurance, attorney, etc. I am in a $295 state and they also offer a deal to military to knock it down to $0. With o...
by Ketawa
Wed Jan 21, 2015 1:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance question
Replies: 9
Views: 750

Re: Refinance question

Moving in 2-2.5 years and in the military, you are an excellent candidate for a 3/1 ARM. I am in the exact same situation and I am in the process of refinancing with Third Federal Savings & Loan at 2.34% with zero closing costs. They only escrow for property taxes, you only need 85% LTV to avoid...
by Ketawa
Wed Jan 21, 2015 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance question
Replies: 9
Views: 750

Re: Google Chrome: is this a mega security problem?

You can also print out 10 single use codes that you can use if you do not have access to your phone. I keep a laminated slip of paper in my wallet. The single use codes have the same functionality as a code received by SMS.
by Ketawa
Tue Jan 20, 2015 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6582

Re: Google Chrome: is this a mega security problem?

You only have one Google password. Of course if someone has your Gmail password, they will also have access to your Google Drive documents.
by Ketawa
Tue Jan 20, 2015 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6582

Re: Confused: Why does anyone buy German bonds?

Considering the market would probably consider both nations to have no credit risk, the interest rate disparity might indicate that the market expects the Euro to strengthen against the dollar.

Or you might be able to make some money with the carry trade.
by Ketawa
Fri Jan 16, 2015 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Confused: Why does anyone buy German bonds?
Replies: 24
Views: 2673

Re: Buying Call Option to Fund 2015 & 2016 IRA

The reason I chose a $200 strike is that is where the SPY (the most comparable, optional, & liquid, index to VTI) when I wrote the post. The value of $6000 is ROUGHLY equivalent to the IRA amount of $5500. I see your point of the $18000 for $522, as it relates to the 401k, however, I cannot sel...
by Ketawa
Fri Jan 16, 2015 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 498

Re: Buying Call Option to Fund 2015 & 2016 IRA

So you agree that investing in an IRA in the future doesn't matter? The trade has to be evaluated on its own, not in the context of making an IRA contribution in the future. If all you want is exposure to the market, why did you pick a $200 strike price? Why not higher or lower? There isn't any rati...
by Ketawa
Fri Jan 16, 2015 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 498

Re: Buying Call Option to Fund 2015 & 2016 IRA

I don't understand how you are using the call option to fund your IRA. You are buying a speculative call on the index. Separately you are planning to invest in the index in the future. These are two separate trades, so I would evaluate them independently. Agreed. The OP can save $211.54 every paych...
by Ketawa
Fri Jan 16, 2015 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 498

Re: Buying Call Option to Fund 2015 & 2016 IRA

What if the market goes down from here? You wont have the funds for the IRA when your options expire. He would have the funds. In either case he plans to have $6k available at the time of his contribution. If the market goes up, he has the benefit of buying SPY for only $200, getting more shares th...
by Ketawa
Fri Jan 16, 2015 12:32 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 498

Re: Buying Call Option to Fund 2015 & 2016 IRA

Why wouldn't you just purchase VTI in taxable?

Like you said, the market is efficient. There's no particular reason you need to preserve today's price for years. By doing so, you'll also pay extra through spreads and commissions.
by Ketawa
Fri Jan 16, 2015 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 498

Re: Small Cap Value worth it?

I get the concept, that's why I clearly stated that the returns were prices only excluding dividends. Then you should know that information is basically useless. Why not use a source that provides the actual returns? Here is a Morningstar chart of Vanguard Small Cap (VB), Small Cap Value (VBR), and...
by Ketawa
Thu Jan 15, 2015 11:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value worth it?
Replies: 33
Views: 3840

Re: Refinance: A win/win moving or not moving.

You should be trying to avoid any closing costs since you might move in two years. Only consider no or low cost refinances. $2k on an $88k balance is not low cost. Why not get a 3/1, 3/5, 5/1, or 5/5 ARM? You can easily find one with zero or low closing costs. I am in the process of refinancing to a...
by Ketawa
Thu Jan 15, 2015 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance: A win/win moving or not moving.
Replies: 4
Views: 330

Re: Small Cap Value worth it?

OP provided returns excluding dividends, NAV only.

Before you consider tilting your asset allocation, please educate yourself on why you always need to consider dividends. It is a pretty basic concept you should understand before fiddling with your portfolio like this.
by Ketawa
Thu Jan 15, 2015 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value worth it?
Replies: 33
Views: 3840

Re: This topic is causing stress in marriage we need some he

I don't think it's that simple. Tax-advantaged compounding in that account can happen for decades. That's why it might not be a good idea to lose your tax advantaged space that you already have. Note that I'm not saying do one or the other in this case, I'm simply saying that "a guaranteed ret...
by Ketawa
Thu Jan 15, 2015 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: This topic is causing stress in marriage we need some help
Replies: 81
Views: 7557
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