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Re: Unexpected Lay-off; Not quite ready to retire; Please He

I think she might be in a tough spot, some thoughts: - she's five years away from retirement if she replaces 100% of her income immediately? I guess the basic question is, does she need to replace all her income - In her position,I'd want to be 100% sure age didn't come into play in the layoff. If s...
by gips
Sat Feb 14, 2015 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected Lay-off; Not quite ready to retire; Please Help?
Replies: 20
Views: 3801

Re: Sole proprietor or s-corp?

I had an LLC for consulting as I wanted to protect my personal assets in the event of a lawsuit. The $1k setup was worth it as it allowed me to sleep much better at night.
by gips
Tue Feb 10, 2015 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Sole proprietor or s-corp?
Replies: 5
Views: 492

Re: Is it worth it? [Should I retire?]

sorry if this has been asked and answered, is there survivorship for your pension? if so, perhaps your SO will benefit from the increase? On an unrelated note, I'm assuming you understand how much of your federal pension payments are taxable (I think the answer is most)?
by gips
Tue Feb 10, 2015 12:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it worth it? [Should I retire?]
Replies: 57
Views: 4786

Re: Seeking advice on learning computer science

>>Perhaps Computer Science was not the right term. Can bogleheads help me figure out what kind of class i should be looking for? I suppose I'm a computer scientist of sorts, hold an advanced degree in cs, was a senior tech director at oracle...it's a little hard to suggest a course of study since we...
by gips
Wed Feb 04, 2015 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Seeking advice on learning computer science
Replies: 40
Views: 1901

Re: Freedom to take Financial Employment Risks

During the dot.com boom, many of my colleagues left the large tech company where we worked to become millionaires at netscape, aol, etc. At the time, I had 3 offers to become CTO of startups. Each role involved a pay cut but a lot of stock options. I was very tempted but we had three young children,...
by gips
Wed Feb 04, 2015 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Freedom to take Financial Employment Risks
Replies: 5
Views: 610

Re: Net Worth Survey, 2015 Edition

I'm not sure why people participate in this, what is interesting about the survey results?
by gips
Sat Jan 17, 2015 1:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23270

Re: retirement coming, health insurance?

I'll be 60 at retirement.
by gips
Fri Jan 09, 2015 3:34 pm
 
Forum: Personal Consumer Issues
Topic: retirement coming, health insurance?
Replies: 26
Views: 2941

retirement coming, health insurance?

Another two years or so until retirement, where do people go for health insurance? obama care?

tia,
by gips
Fri Jan 09, 2015 3:05 pm
 
Forum: Personal Consumer Issues
Topic: retirement coming, health insurance?
Replies: 26
Views: 2941

tax harvesting vtiax today?

Hi,

sold our business this year, so we have a large long-term cap gain. I have a $25k short team loss in vtiax in a non-tax advantaged account. it seems to me I should sell vtiax today and buy something similar tomorrow (maybe an etf).

make sense?

tia,
jd
by gips
Wed Dec 31, 2014 11:03 am
 
Forum: Investing - Help with Personal Investments
Topic: tax harvesting vtiax today?
Replies: 4
Views: 570

Re: Why Alpha is getting more elusive

gips
Think the strategy is self evident, don't try to generate alpha.
Larry


Ha! my company provides consulting for investment managers so I was predisposed to think you were writing from the viewpoint of the investment manager rather than the retail investor. makes sense,an article on etf.com

:)
by gips
Sun Nov 23, 2014 10:40 pm
 
Forum: Investing - Theory, News & General
Topic: Why Alpha is getting more elusive
Replies: 28
Views: 3943

Re: Why Alpha is getting more elusive

larry, while I agree skill has risen, I think there are other factors at play: regulatory change - There was a sea change in institutional investing behavior once benchmarks needed to be assigned. HFT - It's hard to judge how much front-running behavior is effecting returns but it's a relatively new...
by gips
Sat Nov 22, 2014 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Why Alpha is getting more elusive
Replies: 28
Views: 3943

Re: Making 8 "horrible" investments will beat the index, rig

The results of the average private active investor is way behind the index, because we all tend to go in when the future looks good, and leave when the future looks bad. Well, if this is the case, it should be easy to beat the index by doing the opposite. there's a basic problem with your logic. Th...
by gips
Mon Nov 03, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: Making 8 "horrible" investments will beat the index, right?
Replies: 35
Views: 4046

Re: best method of selling my car

I should have noted in my OP that it's an AWS model. The nada guide shows a $3k spread btw selling to a dealer vs. retail, so I guess it's worth a try. I think I'll take it to a dealer or two just to see what they'd pay so I have my bottom line and see if I can get another $1k. Donating might make s...
by gips
Tue Oct 21, 2014 5:48 pm
 
Forum: Personal Consumer Issues
Topic: best method of selling my car
Replies: 18
Views: 1212

best method of selling my car

Hi, taking delivery tomorrow on a new subaru forester, need to sell my 2007 hyundai santa fe with 150k miles. The car is in good condition but the air bag light is on, signalling the driver side air bag won't deploy. Our garage tells us we're missing a $400 piece from the seat belt assembly. I haven...
by gips
Tue Oct 21, 2014 3:40 pm
 
Forum: Personal Consumer Issues
Topic: best method of selling my car
Replies: 18
Views: 1212

Re: online shopping for laptop PC

I know something about this topic as I used to work for a hardware manufacturer, have made buying recommendation for companies and have networked with corp purchasers and IT departments. As a consumer, I don't think you can do better than the dell business outlet when they distribute 30-40% off coup...
by gips
Tue Oct 21, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: online shopping for laptop PC
Replies: 25
Views: 1917

funding roth ira for son

Hi, My son is college student. He worked over the summer and made around $2,300. We told him we'd match it if he puts the money into a roth and doesn't touch it until he retires. He has checks from his employer that have not been cashed. Can I deposit his checks into my account and fund the account?...
by gips
Mon Oct 20, 2014 6:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: funding roth ira for son
Replies: 10
Views: 1192

Re: Gambling versus Investing

I think there's some confusion on the difference between risk and gambling. People that bought GTAT were not gambling, they were assuming very high risk and the market priced the security accordingly. Perhaps they weren't as diligent as they could have been about analyzing that risk in terms of the ...
by gips
Thu Oct 09, 2014 9:39 am
 
Forum: Investing - Theory, News & General
Topic: Gambling versus Investing
Replies: 20
Views: 2952

Re: selling company stock after loss

thanks, yes, I know about options but I signed an agreement that I wouldn't hedge.
by gips
Tue Sep 30, 2014 6:59 pm
 
Forum: Investing - Theory, News & General
Topic: selling company stock after loss
Replies: 3
Views: 238

selling company stock after loss

Hi, I received stock in a publicly traded company as partial compensation for my business. I can't sell the stock for 2 more years. Unfortunately, I'm down about $1mm. In 2 years, it seems to me I should sell the stock without regard to whether I've made or lost money and allocate proceeds in line w...
by gips
Tue Sep 30, 2014 6:32 pm
 
Forum: Investing - Theory, News & General
Topic: selling company stock after loss
Replies: 3
Views: 238

Re: rebalancing towards bernstien philosophy

thanks folks, couple of comments: - that $1.2mm vacation house fund is off-limits for investing so that leaves around $5mm - since I want $3mm in short term fi, I'd have to invest everything else ($2mm) in equities for a 40% eq allocation. Since I'll free up another $700k-$1mm when we sell our curre...
by gips
Tue Sep 30, 2014 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: rebalancing towards bernstien philosophy
Replies: 3
Views: 445

rebalancing towards bernstien philosophy

hi, I'm starting to come around to bernstien's "if you've won the game" guidance. Here basic stats: age - 58 state - ny tax rate - highest target retirement date - 12/2016 college - fully funded, empty nest 12/2016 mortgage - $112k @ 1.99, paid off around 12/2016 emergency fund $100k curre...
by gips
Tue Sep 30, 2014 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: rebalancing towards bernstien philosophy
Replies: 3
Views: 445

Re: How I beat Indexing... in 1 hour

Alibaba IMO has already proven profitability. If you are a buy-and-hold guy, with a decades-long horizon, BABA is a good bet. The only question if the valuation. If you think it's overvalued right now, you could make the same argument with indexed mutual funds, as they are at an all-time P/E high. ...
by gips
Mon Sep 29, 2014 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 71
Views: 12190

Re: In theory, market timing = index investing

Beliavsky wrote:Undiversified investing does not reduce average arithmetic returns but will reduce average geometric or compounded returns because of the higher and uncompensated volatility.


really? seems very unlikely, can you prove it or provide a link to an article that does?
by gips
Mon Sep 29, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: In theory, market timing = index investing
Replies: 10
Views: 721

Re: In theory, market timing = index investing

First, I think your title is misleading, you should add EV in there somewhere. Second, while your premise is correct, it simply confirms why index investing is preferable.
by gips
Mon Sep 29, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: In theory, market timing = index investing
Replies: 10
Views: 721

Re: Your 529 Plan - Thoughts and Strategies

1. How old are your children who you're saving for? 18, 16, 14 2. Which 529 Plan do you invest in? ny 3. What's the current balance? around $50k/kid 4. How much do you contribute and how often? How did you come to this number? $800/month. Wanted to max out ny state deduction. 5. What are the underly...
by gips
Wed May 21, 2014 11:01 pm
 
Forum: Investing - Theory, News & General
Topic: Your 529 Plan - Thoughts and Strategies
Replies: 39
Views: 3196

Re: "Get out of bond funds"

I see...for an apples to apples comparison, wouldn't you want to consider the income from investing the coupons at 1% were one to hold on to the bond?
by gips
Mon May 12, 2014 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 23576

Re: "Get out of bond funds"

Concrete example from today's pricing. Maturity Coupon Bid Asked Chg Asked yield 8/15/2015 10.625 113.1563 113.1797 -0.0234 0.148 If you have 1000x of this bond, you could hold, make another $13280 in interest, get $100K at maturity, for a grand total of $113280. Or you could sell for $113150, put ...
by gips
Mon May 12, 2014 10:15 pm
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 23576

Re: The Price of Outperformance

I'd make these points: - Buffet's article was written prior to increased sophistication of computers, computer models and algorithms. These tool/market participants have made the market much more efficient since the time the article was written. Additionally, the publishing of the article itself mad...
by gips
Sat May 10, 2014 12:40 pm
 
Forum: Investing - Theory, News & General
Topic: The Price of Outperformance
Replies: 35
Views: 3748

Re: Boglehead 4wd Car (for family)?

sunnyday wrote:I'm in a similar boat. I've done a bunch a research on car safety and am getting a 2015 outback with eyesight technology when they come out.
Take a look at Informedforlife.org for safety.


this is exactly what I plan to do. lot of good information at www.subaruoutback.org
by gips
Mon May 05, 2014 6:30 am
 
Forum: Personal Consumer Issues
Topic: Boglehead 4wd Car (for family)?
Replies: 38
Views: 3720

Re: Why have a HELOC

the interest you pay is often tax deductible.
by gips
Mon May 05, 2014 6:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Why have a HELOC
Replies: 19
Views: 1830

Re: "Swedroe: Hard To Know Who’ll Outperform"

What's left out of the article is the hero worship ascribed to fund managers that outperform the market. The media sees a fund manager that beats the market five years running and instead of realizing "there's a large population of fund managers and some of them are going to beat the market ove...
by gips
Sun May 04, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: "Swedroe: Hard To Know Who’ll Outperform"
Replies: 5
Views: 1475

Re: Options Trading: shooting down the "iron condor"

I've worked on both the business and technology sides of options platforms for large, well-known, broker dealers. I can speak with some authority on these points: - the options market is very efficient. Therefore, on a risk adjusted basis where one has to pay transaction fees, it's unlikely anyone c...
by gips
Sun May 04, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Options Trading: shooting down the "iron condor"
Replies: 19
Views: 2088

Re: Avoiding large cap gain by creating and selling losers?

thanks, a lot of thoughtful advice: "The 2x or 3x ETFs don't work the way people expect them to" yes, after some research, I agree, bad idea. "I think a better idea is to invest wisely enough to create the necessary additional gains to pay the taxes." Isn't my idea of investing m...
by gips
Sun May 04, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding large cap gain by creating and selling losers?
Replies: 10
Views: 815

Re: Avoiding large cap gain by creating and selling losers?

That would be perfect...as long as I can generate an equally sized gain next year.
by gips
Sat May 03, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding large cap gain by creating and selling losers?
Replies: 10
Views: 815

Avoiding large cap gain by creating and selling losers?

Sold our business this year will have 7 figure long term cap gain tax bill. Was thinking about investing my gain in line with my asset allocation using 3 fund strategy. At year end I'll sell losers and invest in a like eft with an eye to avoiding the wash rule. This allows me to deduct the loss agai...
by gips
Sat May 03, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding large cap gain by creating and selling losers?
Replies: 10
Views: 815

cd ladder distribution

Hi,

After a lot of thought and reading on bond fund vs cd, I've decided to setup a cd ladder in my ira account. vanguard brokered cds are 3.3% for 10 years and rates move down based on maturity.

I'm wondering how people here have distributed their money across different cd maturities?

tia,
by gips
Wed Apr 30, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: cd ladder distribution
Replies: 12
Views: 1296

Re: using etf to avoid citibank checking fees?

I agree it's not worth $30 per month hence looking for a way to keep it at a lower cost. Here's what I like: - no fx fees using atms in other countries - separate number for support with better communication skills and training - on citi website I can find the citigold rep at each branch and make an...
by gips
Tue Apr 29, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: using etf to avoid citibank checking fees?
Replies: 7
Views: 1211

Re: State tax deductible 529

Your math looks good but you may want to consider other factors, which, off the top of my head, include: - money will grow tax free in the 529 - amt may eliminate your state and local deduction - the dc 529 plan may have high fees - money in 529 plans may reduce financial aid On another note, that's...
by gips
Tue Apr 29, 2014 6:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: State tax deductible 529
Replies: 6
Views: 1639

Re: State tax deductible 529

It's not a no-brainier because you need to factor in the loss of the state or local tax deduction on your federal return.
by gips
Tue Apr 29, 2014 8:05 am
 
Forum: Personal Finance (Not Investing)
Topic: State tax deductible 529
Replies: 6
Views: 1639

Re: using etf to avoid citibank checking fees?

I'm sorry to hear that, I'd generally agree their customer service is not very good but again, I do find the citigold service to be excellent.
by gips
Mon Apr 28, 2014 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: using etf to avoid citibank checking fees?
Replies: 7
Views: 1211

Re: Convince me to lump sum into the market

I just lump summed a similar amount into the market. My view is:

- historically market has moved up
- you can't time the market

is there really anything else you need to think about?
by gips
Mon Apr 28, 2014 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince me to lump sum into the market
Replies: 59
Views: 11844

using etf to avoid citibank checking fees?

I've been using citibank for many years, their customer service used to be terrible but they've created a tier of service called citigold where if you keep $50k in bank accounts or $100k in brokerage they waive monthly fees and provide excellent service. Their savings account pays about .2% as oppos...
by gips
Mon Apr 28, 2014 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: using etf to avoid citibank checking fees?
Replies: 7
Views: 1211

muni bond funds and amt

Hi,

I'm guessing I'll be subject to amt this year (2014). I was thinking about a vanguard muni bond fund in my non-taxable account but was wondering if I might lose some of the tax advantages to amt?

tia,
by gips
Sat Apr 26, 2014 8:07 pm
 
Forum: Investing - Theory, News & General
Topic: muni bond funds and amt
Replies: 3
Views: 1154

Re: work 3 years for 20x payout or retire and wait 10 years

thanks for all your thoughtful replies. Here are some answers to your questions: - I've never smoked, I'm not overweight, I'm in decent shape - I don't know what I'd be doing, perhaps take college courses, travel and get in better shape - I own restricted stock in a publicly traded company. The comp...
by gips
Sat Apr 26, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: work 3 years for 20x payout or retire and wait 10 years
Replies: 11
Views: 1655

work 3 years for 20x payout or retire and wait 10 years

Hi, I've been mulling this over for the past couple of months: - work 3 years, decent salary and receive lump sum payment of about 20x current expenses or - retire tomorrow and wait 10 years for lump sum payment. - I currently have 20 times current expenses saved. We're in one of the highest cost of...
by gips
Sat Apr 26, 2014 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: work 3 years for 20x payout or retire and wait 10 years
Replies: 11
Views: 1655

estimated tax on cap gain: ok to spread payments?

Hi,

Large gap gain in feb, plan to pay 110% of last year's tax as estimated payments. Do I need to pay 110% apr 15th (the quarter when I earned the money) or is it ok to spread payments over 4 quarters?

tia,
by gips
Sun Apr 06, 2014 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: estimated tax on cap gain: ok to spread payments?
Replies: 1
Views: 181

wash rule etf/fund?

Hi, I have a long term cap gain this year. for argument's sake, let's say it's $100 and I've decided, as part of my overall asset allocation to place into equities. Can I: - buy the s&p 500 etf tomorrow - on dec 31, sell the etf if I have a loss. let's say it's a $20 loss. - on dec 31, buy a fun...
by gips
Thu Apr 03, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: wash rule etf/fund?
Replies: 3
Views: 363

Re: What's the word on Sean Hyman's investing scheme?

supernova wrote:Anyone who claims to know what the market is going to do is wrong


not necessarily. I have a friend that worked for Ivan Boesky, he did a pretty good job of predicting the market (before he went to jail).
by gips
Tue Apr 01, 2014 1:27 am
 
Forum: Investing - Help with Personal Investments
Topic: What's the word on Sean Hyman's investing scheme?
Replies: 9
Views: 1859
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