Search found 1411 matches

by Ketawa
Mon Jun 29, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 46
Views: 3618

Re: Lucent offering pension buyout to retirees: what to do?

I'd be interested in the best way to run the numbers on the cost of purchasing an annuity with similar provisions to an existing pension. That would allow a better comparison of the value of staying with the Lucent annuity vs. taking the lump sum that is offered, IMO. My example was specific to the...
by Ketawa
Mon Jun 29, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 46
Views: 3618

Re: Lucent offering pension buyout to retirees: what to do?

I don't know the specifics of this Lucent offer, but my personal opinion is that companies offer pension buyouts because it will save them money, on average. Why else would they make the offer? People have a behavioral bias in favor of large lump sums of money rather than annuities. Unless you have ...
by Ketawa
Mon Jun 29, 2015 10:11 am
Forum: Personal Consumer Issues
Topic: Smart phone data usage
Replies: 48
Views: 3431

Re: Smart phone data usage

I think the best deal is probably the 5 GB limit on bring your own phone devices on Straight Talk. I am a heavy smartphone user and I connect to Wi-Fi when possible. When I'm on the road, I can exceed 2 GB in one month. 5 GB is high enough that I never need to worry about being throttled, which is g...
by Ketawa
Thu Jun 25, 2015 10:48 am
Forum: Personal Consumer Issues
Topic: Annoying problem with Lollipop (new Android 5.1 OS)
Replies: 43
Views: 2593

Re: Annoying problem with Lollipop (new Android 5.1 OS)

Try the xda-developers forum for expert advice.
by Ketawa
Tue Jun 23, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: Momentum across time and asset classes
Replies: 40
Views: 5025

Re: Momentum across time and asset classes

You can check it out on portfoliovisualizer.com. Both MTUM and AMOMX have negative alpha around 2-3% a year. Both have picked up some, but not much, return from the momentum factor (which has been positive), and MTUM has picked up even more return from its negative value loading (value has been neg...
by Ketawa
Wed Jun 17, 2015 11:00 pm
Forum: Personal Consumer Issues
Topic: Your Top 10 Bands and Top 10 Movies
Replies: 30
Views: 3539

Re: Your Top 10 Bands and Top 10 Movies

My favorite bands/artists are mostly from my formative years with a few of my current favorites. I would never say they're the top 10 bands/artists of all time, just my favorites. Spoon Interpol Queens of the Stone Age Yeah Yeah Yeahs Weezer The Walkmen Kanye West Drake Cloud Nothings Death From Abo...
by Ketawa
Wed Jun 17, 2015 10:41 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

Was just told by Scottrade rep that QSPIX is available, I class, in taxable and IRAs, $17 transaction fee, $100 minimum. Regarding the ER... I'm starting to fret...Seriously, how is it possible that it's only 1.50%? The div on short sales + other + acquired fund fees = 1.26%. The management fee is ...
by Ketawa
Tue Jun 16, 2015 8:47 am
Forum: Personal Consumer Issues
Topic: LastPass.com Breach
Replies: 153
Views: 12438

Re: LastPass.com Breach

I use KeePass and keep my database file synced in the cloud with Dropbox. My master password is 20+ characters long, complicated, and not used anywhere else, so I don't worry about anyone cracking it unless I had a keylogger installed on one of my devices.
by Ketawa
Fri Jun 12, 2015 4:05 pm
Forum: Investing - Theory, News & General
Topic: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)
Replies: 154
Views: 16833

Re: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)

Thank you Kevin. I didn't read back throughout the thread, but as I recall, EmergDoc's "bonds go in taxable" theory only works right if the portfolio is tax-adjusted. It seems to me that few people have ever even heard of this, fewer still do it, and even fewer still understand that tax-a...
by Ketawa
Fri Jun 12, 2015 9:32 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

Are those LifeStrategy returns based on simulated returns or the actual returns of the funds? They used to have an allocation to a Vanguard tactical asset allocation fund which timed the market poorly.
by Ketawa
Fri Jun 12, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

I rebalance as normal with the caveat that I use QSPNX until it makes sense for me to pay $50 to dump more into QSPIX rather than paying an ER that is 25 bp higher.
by Ketawa
Thu Jun 11, 2015 8:45 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

QSPIX is 10% of my invested portfolio. I used to be 80/20 equities/fixed income, now I am 75/15/10. I had long been considering an increase to my equity allocation so I took 5% each from equities and fixed income. QSPIX is actually only 8% of my dollars since I use tax-adjusted asset allocation and ...
by Ketawa
Wed Jun 10, 2015 10:54 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

Will someone explain the stated fund objective to me? AQR say Seeks long-term absolute (positive) returns. What does that mean? Is this an "absolute return" fund? If so, why don't they say what "absolute return" it seeks to achieve? Putnam Absolute Return 500 fund says that it s...
by Ketawa
Wed Jun 10, 2015 2:39 pm
Forum: Investing - Theory, News & General
Topic: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)
Replies: 154
Views: 16833

Re: Bonds go in taxable (whitecoatinvestor aka EmergDoc article)

Here's a simple test to determine if you're actually adjusting for risk properly between tax advantaged and taxable accounts. Run the numbers when stocks lose money. The result should not change since which asset is better in taxable should be independent of how it performs. If your result switches,...
by Ketawa
Wed Jun 10, 2015 8:59 am
Forum: Investing - Theory, News & General
Topic: VEA vs VPL/VGK combo
Replies: 4
Views: 583

Re: VEA vs VPL/VGK combo

I don't think many people believe there is any advantage to holding fixed allocations to separate world regions other than convenience, e.g. it's easy to set a number like 50% domestic/50% international rather than constantly checking to see what the exact number is. Why should you expect any advant...
by Ketawa
Tue Jun 09, 2015 12:42 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

I have held short positions before and I documented it in this thread on writing naked calls to generate TLH opportunities. Anyone who understands how options work would never claim that I exposed myself to unlimited losses even though I held a naked short position. That's a big claim if by "a...
by Ketawa
Tue Jun 09, 2015 11:14 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

Quick response. Straw Man! No one is saying there is no risk in QSPIX. We are saying the risk of it going to zero is, well, about zero. The risk of QSPIX being 10% of a total portfolio is minimal to that portfolio as a whole. EDIT: See Maynard's response above, etc. People are claiming that 1 posit...
by Ketawa
Mon Jun 08, 2015 5:04 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

longinvest wrote:Thanks, Taylor, for the Principal Risks of Investing in the Fund extracted from the Prospectus for the Style Premia Alternative Fund (QSPIX) :

I wouldn't touch this fund with a ten-foot pole!


Yes, that is how shorts work. I didn't need to read the prospectus to know that.
by Ketawa
Mon Jun 08, 2015 11:03 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

I think the total 2.61% is what it costs to implement the strategy, a good portion being dividends paid to short stocks. Depending upon whether you think shorting Is required in your portfolio or not (I don't think so) determines whether 2.61% is appropriate or 1.5% is appropriate. Vanguard Market ...
by Ketawa
Sun Jun 07, 2015 10:55 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

Let's try a simple exercise. Can anyone who thinks that QSPIX makes sense as an investment answer the following questions: (1) QSPIX invests in interest rate futures. What specific screening criteria does QSPIX use to determine which interest rate futures contracts to buy? Why do those criteria mak...
by Ketawa
Sun Jun 07, 2015 10:32 pm
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

Re: SSD + HDD good option for upgrading desktop PC?

LadyGeek wrote:- Disable the Windows defrag utility. There are no moving parts, there is no need to defrag an SSD. In fact, defragging a drive will reduce it's lifetime. Just turn it off (set the defrag schedule to "Never").


The Windows defrag utility will not allow me to schedule a defrag for my SSD.
by Ketawa
Sun Jun 07, 2015 2:39 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

There are already some index funds using strategies similar to AQR's. MSCI has some multi factor indexes and I believe there are some iShares ETFs already following them. I have stuck with AQR's funds. I hold the domestic small cap, international developed, and emerging markets multi-style funds. I ...
by Ketawa
Sun Jun 07, 2015 10:24 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 373
Views: 30210

Re: QSPIX - thoughts on interesting fund

QSPIX is 10% of my portfolio. There is a lot of talk about AQR on the forum because retail investors can access their funds through Fidelity and TD Ameritrade. It's almost useless to compare returns of this fund against equities or fixed income in isolation, so I don't even bother. It doesn't even h...
by Ketawa
Fri Jun 05, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: International without small cap?
Replies: 7
Views: 531

Re: International without small cap?

SCHF is what you are looking for. It follows the FTSE Developed ex-US Index. VEA is moving from the FTSE Developed ex-North America Index to the FTSE Developed All Cap ex-US Index. The difference between SCHF and VEA used to be that SCHF included Canada, and in the future the difference will be that...
by Ketawa
Fri Jun 05, 2015 2:04 am
Forum: Investing - Theory, News & General
Topic: Long term price trend for the S&P 500 - ouch!
Replies: 29
Views: 4867

Re: Long term price trend for the S&P 500 - ouch!

The chart shows that the worst recession since the Great Depression was only 14% below "trend". The chart is just as useless as any price chart, and doubly so for implying that there is some linear rule for prices.
by Ketawa
Sun May 31, 2015 11:31 pm
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

Re: SSD + HDD good option for upgrading desktop PC?

I installed the 250 GB Samsung 850 EVO and I couldn't be happier. I used a 3.5" to 2.5" adapter that came with my computer case. My personal data is on the HDD while the OS and programs are on the SSD. I also enabled AHCI after the install using the fix here: https://support.microsoft.com/...
by Ketawa
Sat May 30, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: Explaining Momentum
Replies: 5
Views: 802

Re: Explaining Momentum

I didn't read the paper (on my phone). But I would say that "new factors account for less than 20% of returns" is a bit of a misinterpretation. I think any three factor regression is likely to explain a lot of returns. Market, value, and momentum would probably explain a lot on their own w...
by Ketawa
Thu May 28, 2015 9:25 am
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

Re: SSD + HDD good option for upgrading desktop PC?

I put my user folder and most of my user data on a second partition on the SSD. For me, all of the the data I use routinely fits on the second SSD partition and I only need the large HDD for archival storage of photos and videos. I used a 250GB SSD (the Samsung EVO), then when I needed more space, ...
by Ketawa
Thu May 28, 2015 12:50 am
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

Re: SSD + HDD good option for upgrading desktop PC?

The total time of 3:40 seems rather bad even using HDD. Something else may be going wrong such as one of the programs you load at startup or one of your web browser plugins is severely slowing things down. It might be worthwhile to try disabling some of these to see what the effect is or looking in...
by Ketawa
Thu May 28, 2015 12:17 am
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

Re: SSD + HDD good option for upgrading desktop PC?

It sounds like a SSD should do the trick. I don't see why I would need to update anything else when my inferior laptop runs everything fine. Windows 8 actually made big improvements in startup time, even with an HDD. I'm hoping that Win 10 will retain that improvement (along with hopefully fixing th...
by Ketawa
Wed May 27, 2015 11:45 pm
Forum: Personal Consumer Issues
Topic: SSD + HDD good option for upgrading desktop PC?
Replies: 43
Views: 3835

SSD + HDD good option for upgrading desktop PC?

I'm looking to improve the performance of my desktop PC and hoping for some advice on the best way forward. I built my own desktop about 4 years ago. I'm pretty good with computers but I'm not an enthusiast. I use my desktop for web browsing, basic work with MS Office, media (iTunes), etc. No gaming...
by Ketawa
Mon May 25, 2015 11:52 pm
Forum: Investing - Theory, News & General
Topic: Keep or sell Small Value VSIAX in taxable account?
Replies: 9
Views: 1155

Re: Keep or sell Small Value VSIAX in taxable account?

I now realize I misread this list so that I saw "Small-Value stocks" as "Small-Value stock index funds." Oops. In my opinion, you didn't misread it. That is the implication of the list since you can safely assume that a sticky on this forum would not have so many separate catego...
by Ketawa
Mon May 25, 2015 11:44 pm
Forum: Investing - Theory, News & General
Topic: Any Momentum Investors Out There?
Replies: 131
Views: 17085

Re: Any Momentum Investors Out There?

Martin wrote:So has anyone fully implemented a momentum based strategy?


I have implemented a "momentum strategy" by having allocations to QSMLX, QICLX, QEELX, and QSPIX in my IRA. My IRA is about half of my portfolio.
by Ketawa
Thu May 21, 2015 12:33 pm
Forum: Investing - Theory, News & General
Topic: Obtaining Exposure to Quality / Profitability Factor
Replies: 47
Views: 3241

Re: Obtaining Exposure to Quality / Profitability Factor

FWIW, by my back of the hand estimate, QSMLX has done almost exactly what I would hope in getting factor exposure. 4-factor regression using Fama-French factors Mkt = 1.05 SMB= 0.85 HML = 0.40 Mom = 0.07 Annual Alpha = 0.52% I have never been convinced by the Frazzini-Pedersen factors since they gen...
by Ketawa
Thu May 21, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

Two comments. The mortgages are stated as being for investment properties, therefore the interest on these mortgages would be tax deductible, but the interest on the 401(k) loan would not be. I do note that a high income person cannot deduct losses on passive Real Estate, but these losses, if any, ...
by Ketawa
Thu May 21, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

Kosmo wrote:Those earnings will be taxed at the current marginal rate, not future rate.


For this reason, Rtax is after-tax earnings in the taxable account. If it would help to make it more explicit, someone could separate Rtax into two separate terms to make it clear that both tax rates matter in the analysis.
by Ketawa
Thu May 21, 2015 8:53 am
Forum: Personal Consumer Issues
Topic: Being an Uber driver
Replies: 15
Views: 2968

Re: Being an Uber driver

I wouldn't buy a new vehicle. For now, consider driving under uberXL at the same time as uberX (I think this is possible) for the higher rates. Maybe being 100% uberXL will make sense. IDK.
by Ketawa
Thu May 21, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

Let's say the loan interest is $1000. When withdrawn in retirement, with a 25% tax rate, you'll pay $250 in taxes and get $750 to spend. But if your tax rate during the repayment phase is 33%, you'll need to earn $1493 to pay that $1000 in interest. So are the additional taxes paid the $250 or the ...
by Ketawa
Thu May 21, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

For a simple example of why T should be the marginal tax rate in retirement on the 401k loan proceeds, consider a hypothetical where you have a 401k that is 100% Roth and 100% Roth makes sense in the future for you. Your marginal tax rate now is 20%. You can invest in a fixed income investment makin...
by Ketawa
Thu May 21, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

Then compare two values. Rtax - Rtsp * (1 - T) L * T Why use your retirement marginal tax rate in L*T? You have to pay taxes in retirement on the final distribution of that amount anyways at a rate of T. But the additional taxes you have to pay now during the repayment of the loan are at your curre...
by Ketawa
Wed May 20, 2015 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

Some actual numbers from a couple of my loans. Rtax = 1.99% (auto loan) Rtsp = 2.00% (G fund rate) L = 1.625% (existing TSP loan rate) T = 18% (25% estimate of my marginal tax rate in retirement, loan was disbursed as 73% Traditional/27% Roth) Rtax - Rtsp * (1 - T) = 0.36% L * T = 0.30% Result: take...
by Ketawa
Wed May 20, 2015 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: The exact math behind using 401k loan to pay down debt
Replies: 14
Views: 1469

Re: The exact math behind using 401k loan to pay down debt

I believe this is the definitive post on calculating whether a 401k loan to either invest in taxable or prepay debt in taxable (functionally the same thing): http://www.bogleheads.org/forum/viewtopic.php?f=10&t=109128#p1589509 . So much so that I spent a long time studying it and adapting it int...
by Ketawa
Wed May 20, 2015 3:40 pm
Forum: Personal Consumer Issues
Topic: LTE Coming to More Verizon MVNOs Soon
Replies: 10
Views: 1310

Re: LTE Coming to More Verizon MVNOs Soon

Right now, my service is $45/month for 5 GB at LTE speeds on AT&T through Straight Talk. I would consider a Verizon MVNO if they offered LTE service at a price and data cap comparable to Straight Talk. The coverage is significantly better and it would be worth a small amount to me extra to have ...
by Ketawa
Wed May 20, 2015 9:48 am
Forum: Investing - Theory, News & General
Topic: Obtaining Exposure to Quality / Profitability Factor
Replies: 47
Views: 3241

Re: Obtaining Exposure to Quality / Profitability Factor

Ketawa - I think our portfolios are very similar. I lean heavily toward AQR with about a third Vanguard (S&P, Total Int'l, Total Bond, and some VSS) thrown in. I looked into those iShares Multifactor ETFs and was wondering what the heck is going one since it looks like they are not (all) tradin...
by Ketawa
Tue May 19, 2015 10:10 pm
Forum: Investing - Theory, News & General
Topic: Obtaining Exposure to Quality / Profitability Factor
Replies: 47
Views: 3241

Re: Obtaining Exposure to Quality / Profitability Factor

iShares has opened some new ETFs based on MSCI multi-factor indexes that would have exposure to profitability. They were discussed in this thread . LRGF, SMLF, INTF, ISCF, ACWF. All are currently around $2-3M AUM. Personally, I prefer core funds with exposure to many factors, e.g. the AQR multi-styl...
by Ketawa
Tue May 19, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: Obtaining Exposure to Quality / Profitability Factor
Replies: 47
Views: 3241

Re: Obtaining Exposure to Quality / Profitability Factor

Can't get much cheaper than Vanguard's Total Market Index, which offers exposure all the "factors" even ones not currently en vogue or "discovered" in the research yet. :D Surely you've read enough of these threads to know that this isn't how it works. In 23 years, VTSMX has had...
by Ketawa
Mon May 11, 2015 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Santander Bank - missing $20 bonus
Replies: 5
Views: 904

Re: Santander Bank - missing $20 bonus

I stopped with Santander. I would recommend checking fatwallet for more detail.
by Ketawa
Sat May 09, 2015 10:36 pm
Forum: Personal Consumer Issues
Topic: Save $$$ On Razor Blades
Replies: 29
Views: 3802

Re: Save $$$ On Razor Blades

I tried shaving with a Merkur DE razor. I did my best to perfect my technique, watched lots of videos, tried many different blades, etc. After several months, I gave up. I could never shave without nicking myself several times and the shave was never even that close for me. Maybe this just isn't in ...
by Ketawa
Sat May 09, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 3720

Re: NYT: 2% rebate credit cards; will they last?

I have had the Barclaycard Priceline Rewards Visa for 2.5 years. It used to be a 2% cash back card with no annual fee, then switched to 1% for new applicants about 2 years ago. I still have the grandfathered 2% cash back rate.

Go to advanced search