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by jackpistachio
Fri Apr 24, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I apply for manager's job or continue as a techie?
Replies: 145
Views: 9739

Re: Should I apply for manager's job or continue as a techie

I was a star performer as an individual contributor and as a small team technical lead (5-10 engineers). Several managers told me I could write my own ticket. So I became a manager on a much larger scale. Did okay, but didn't like it. Nothing is better than creating something from nothing and seeing...
by jackpistachio
Fri Apr 24, 2015 11:03 am
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 3240

Re: Is tax loss harvesting that powerful ?

livesoft, thanks for your reply. The Swedroe article was brief and informative. I learned something new today. House Blend, that matches what I just learned. I have some harvested ST & LT losses carried forward so its good to understand the differenced. The LT losses came about on specific lots ...
by jackpistachio
Fri Apr 24, 2015 4:39 am
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting that powerful ?
Replies: 44
Views: 3240

Re: Is tax loss harvesting that powerful ?

livesoft wrote:I do not have long-term losses. I tax-loss harvest losses before they go long-term. I have carryover short-term losses from years ago.


livesoft,

This seems to imply that there is an advantage to a short-term tax-loss over a long-term. Is there?
by jackpistachio
Sun Mar 29, 2015 7:09 am
Forum: Investing - Theory, News & General
Topic: Michael Spence: Are Equities Overvalued?
Replies: 13
Views: 1688

Re: Michael Spence: Are Equities Overvalued?

How do we even know what the appropriate valuation should be? It's all supply-demand in the equities market. Demand is high right now (the average investor is holding lots of equities) and for all we know it could remain constant, or increase further. Check out this chart: http://www.philosophicale...
by jackpistachio
Fri Oct 31, 2014 7:08 am
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2967

Re: That stress-relieving thing you do at work

I only feel stress when I don't feel in control of something. After discovering that simple fact I came up with a successful motto: "Control what you care about." There are two parts to that motto. If I care about something, then I stay on top of it. On the other hand if it is something be...
by jackpistachio
Tue Sep 09, 2014 9:40 am
Forum: Investing - Theory, News & General
Topic: Diversification in practice: Investing from Australia
Replies: 22
Views: 2643

Re: Diversification in practice: Investing from Australia

* AUD is also highly correlated AUD is also highly correlated to what? Anyone know what was meant here? AUD is highly correlated to EM demand for resource exports from Australia (mining & energy being two big ones), so taking a chance to speak for RhinoTroy I think its a continuation of his fir...
by jackpistachio
Thu Sep 04, 2014 9:54 am
Forum: Investing - Theory, News & General
Topic: William Sharpe advises against rebalancing
Replies: 32
Views: 2820

Re: William Sharpe advises against rebalancing

Our mentor, John Bogle, also thinks that rebalancing is an unnecessary exercise. “If you can ignore market fluctuations along the way, it’s better not to rebalance, since you’re likely to get higher returns.” In a recent study, he looked at how a portfolio with 70% in stocks and 30% in bonds perfor...
by jackpistachio
Wed Jul 30, 2014 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 4
Views: 426

Re: Backdoor Roth question

LAlearning wrote:You just re characterize it to a non deduct Trad IRA. Then backdoor it before the end of the year.


Yes. Important to remember that the conversion deadline is 31 Dec, which is earlier than the contribution deadline of April 15 or thereabouts the next year.
by jackpistachio
Wed Jul 30, 2014 5:06 am
Forum: Personal Consumer Issues
Topic: Advice on getting a power adapter
Replies: 13
Views: 949

Re: Advice on getting a power adapter

For clarification, the power adapter you get needs to be the correct voltage = 6V, the right connector, and be able to suppy at least 1 Amp. So a 6V power adapter rated for 1.5A or 2A or anything >=1A works. Equivalently, a selectable voltage power adapter that has a 6V setting and rated for 6W or g...
by jackpistachio
Mon Apr 28, 2014 4:58 am
Forum: Investing - Theory, News & General
Topic: How low are interest rates, really?
Replies: 60
Views: 15168

Re: How low are interest rates, really?

Everyone says interest rates can only go up; and bond prices can only go down. This has been a truism for more than ten years. You'd have to define "everyone". Everyone I respect says the most likely future rates are today's rates. It is true, however, that rates likely won't go below zer...
by jackpistachio
Fri Apr 18, 2014 6:15 pm
Forum: Investing - Theory, News & General
Topic: Timing of savings bonds purchases based on treasury yield
Replies: 7
Views: 1843

Re: Timing of savings bonds purchases based on treasury yiel

My calendar notice popped up to make a decision. I splitting the difference. $10k now and $10k in May for I-bonds. Inflation rate: Today's inflation rate: 0.59% May's inflation rate: 0.92% (looks like the Fed's getting close to their 2% annual target) Inflation rate is up, but that's largely a wash ...
by jackpistachio
Sat Apr 12, 2014 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 11070

Re: California Taxes - Am I Missing Something?

When a city has an average home price of $800K, where do the teachers live? Where do the firemen live? Here: http://www.mercurynews.com/sunnyvale/ci_25331740/sunnyvale-city-manager-dps-lieutenant-top-citys-salary And here: http://www.mercurynews.com/salaries/bay-area?appSession=70853739252963&R...
by jackpistachio
Sat Apr 12, 2014 8:57 pm
Forum: Investing - Theory, News & General
Topic: Speculation on I Bond fixed rate for May 1st
Replies: 35
Views: 6205

Re: Speculation on I Bond fixed rate for May 1st

I am not Bond, the I Bond Mel. However, I expect the new I bond fixed rate to be no greater than 0.2%. Since I don't want to lose up to $20/year, I will invest my annual limit by 4/30. Hey, $20/year x 30 years is $600 more dollars to spent on Latte. I view it as $600 being the maximum downside if y...
by jackpistachio
Sat Apr 12, 2014 4:58 pm
Forum: Investing - Theory, News & General
Topic: Speculation on I Bond fixed rate for May 1st
Replies: 35
Views: 6205

Re: Speculation on I Bond fixed rate for May 1st

Couple other threads on the topic: http://www.bogleheads.org/forum/viewtopic.php?p=1525629 http://www.bogleheads.org/forum/viewtopic.php?f=10&t=135609 10-yr treasury yields are slightly higher (0.1-0.2%) than they were 6 months ago when we first got the 0.2% fixed rate. Real 5-year yields are hi...
by jackpistachio
Sat Apr 12, 2014 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 11070

Re: California Taxes - Am I Missing Something?

When a city has an average home price of $800K, where do the teachers live? Where do the firemen live? Here: http://www.mercurynews.com/sunnyvale/ci_25331740/sunnyvale-city-manager-dps-lieutenant-top-citys-salary And here: http://www.mercurynews.com/salaries/bay-area?appSession=70853739252963&R...
by jackpistachio
Sun Mar 30, 2014 7:45 am
Forum: Investing - Theory, News & General
Topic: Fewer, large contributions vs smaller, regular contributions
Replies: 14
Views: 951

Re: Fewer, large contributions vs smaller, regular contribut

In my book, investing on a rumor is strictly verboten. I contribute more to my investments pretty much as soon as the funds are available.
by jackpistachio
Tue Mar 25, 2014 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Ashamed - Wells Fargo crushing me on credit/debit card fees
Replies: 18
Views: 2782

Re: Ashamed - Wells Fargo crushing me on credit/debit cards

+1. Avoid Capital One like the plague. They're one of the worst banks/credit card providers available. Sapphire Preferred has great service too and you immediately get a person on the phone, no nonsense menus. Why do you feel this way? Its ironic that your two comments in this and another thread ha...
by jackpistachio
Tue Mar 25, 2014 7:58 am
Forum: Investing - Theory, News & General
Topic: Timing of savings bonds purchases based on treasury yield
Replies: 7
Views: 1843

Re: Timing of savings bonds purchases based on treasury yiel

On I bonds, I'm going to wait a little while (one week or five weeks... TBD) and make a decision based largely on a complete guess of where the fixed rate may go looking at real yields. Note that this last .2% fixed didn't follow the pattern shown in #cruncher's post linked above. This is a $20k pu...
by jackpistachio
Sun Mar 23, 2014 6:49 am
Forum: Investing - Theory, News & General
Topic: Higher Returns at Lower Risk - please comment
Replies: 59
Views: 6843

Re: Higher Returns at Lower Risk - please comment

azanon: If I read your posts correctly, you are making the argument that small cap value is overvalued based on recent "overperformance". Isn't that a contradiction? If the small cap value index sticks to its criteria for the value factor, how does it become overvalued? Are you disagreeing...
by jackpistachio
Fri Mar 21, 2014 6:18 am
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9976

Re: How did you decide how much to save?

How did you decide have much to save? Popular alternatives range from saving 10% - 15% to maxing a 401(k) to projecting rates of return and saving enough to generate a chosen level of spending if the projections prove accurate. Save too much and you're denying yourself in the present, save too litt...
by jackpistachio
Fri Mar 21, 2014 6:07 am
Forum: Investing - Theory, News & General
Topic: Timing of savings bonds purchases based on treasury yield
Replies: 7
Views: 1843

Re: Timing of savings bonds purchases based on treasury yiel

Current I bonds issued through April 30th offer a fixed component of 0.20% + the variable inflation rate. Basing your purchases of I bonds over the prior 6 month CPI-U calculation is folly, you don't know if the Treasury will be so willing to extend that 20bp fixed component going forward leaving y...
by jackpistachio
Fri Mar 21, 2014 5:50 am
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 415097

Re: best cash back credit card

My personal anecdotal experience is that I bump across merchants not accepting Amex maybe once every few months. In fact, if I were using the VISA only, I'd have a bigger problem because I shop at Costco often. I switched to using just one card (Fido Amex) for a couple of years now, and I'm loving ...
by jackpistachio
Thu Mar 20, 2014 5:27 am
Forum: Investing - Theory, News & General
Topic: Why did Bond Funds take a beating...
Replies: 39
Views: 3760

Re: Why did Bond Funds take a beating...

Who knows what yields lurk in the minds of the Fed? The Market knows! :twisted:
by jackpistachio
Thu Mar 20, 2014 5:12 am
Forum: Investing - Theory, News & General
Topic: Timing of savings bonds purchases based on treasury yield
Replies: 7
Views: 1843

Timing of savings bonds purchases based on treasury yield

Savings bonds purchases might be one of the few things that could possibly be timed. With I-Bonds you can calculate the new inflation rate before it goes into effect: I-bonds inflation rate computed from the CPI-U numbers: May rate = (Mar - Sep)/Sep; and Nov rate = (Sep - Mar)/Mar. For the I-bonds f...
by jackpistachio
Thu Mar 20, 2014 4:31 am
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 415097

Re: best cash back credit card

I decided to learn playing the credit card game and want to start soon, because in the next few months I will be spending ~$10k on travel and certain purchases, in addition to my normal expenses. Here are my constraints: 1. I want to get a VISA, because some of my potential vendors are abroad and d...
by jackpistachio
Sat Mar 15, 2014 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 415097

Re: best cash back credit card

When I travel in Europe or prepay online for services in Europe, they never accept AMEX. What about MasterCard? Is it accepted as widely as VISA, or VISA is more versatile? Victoria Make sure whatever card(s) you go with don't charge foreign transaction fees. Also Visa Signature travel benefits are...
by jackpistachio
Sat Mar 15, 2014 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 7096

Re: Should you discuss your wages with your peers?

This one is easy. I don't discuss my compensation except with those who pay me or who might pay me. I listen when others tell me what they make. If they expect me to divulge in return, then I try to give information or advice that costs little to me but can be beneficial to them.
by jackpistachio
Sat Feb 01, 2014 12:15 pm
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4679

Re: Joined the "Two Comma Club" Today

ajcp wrote:
Dadarkar wrote:Oops! Bad error on my part. Three comma is not Ten million, I missed one zero!


You're getting warmer, but still not there :wink:


http://en.wikipedia.org/wiki/Indian_Numbering_System
by jackpistachio
Sun Nov 24, 2013 8:55 am
Forum: Investing - Theory, News & General
Topic: A levered 50/50 portfolio is better than a 90/10 one?
Replies: 43
Views: 4739

Re: A levered 50/50 portfolio is better than a 90/10 one?

Hmm... so now just to figure out the Tangency Portfolio of the future, and the covariance of the asset classes over time as well! Obviously these are unknowable. We can figure out where they have been in the past, and see how they move all over the place. And then there are the events that fall well...
by jackpistachio
Sat Nov 23, 2013 6:57 am
Forum: Personal Consumer Issues
Topic: Advantages to Dual Citizenship?
Replies: 34
Views: 3607

Re: Advantages to Dual Citizenship?

reggiesimpson wrote:International Living and Permanent Traveler sites discuss this at length.


Reggie, could you provide your list of favorite "International Living and Permanent Traveler sites". Thanks in advance.
by jackpistachio
Sun Nov 17, 2013 6:57 am
Forum: Investing - Theory, News & General
Topic: Valuations matter? Your opinion
Replies: 56
Views: 2987

Re: Valuations matter? Your opinion

I replied "other". Jury's still out for me. I think they matter, but I'm not sure what to do about it. Just follow a simple rebalancing plan or make piecemeal AA adjustments? I pulled down a bunch of threads and papers to read, then as I thought I might, I got lazy. I guess I don't feel to...
by jackpistachio
Tue Nov 12, 2013 6:54 am
Forum: Investing - Theory, News & General
Topic: The key to investment success
Replies: 33
Views: 3007

Re: The key to investment success

Because a metric is noisy it is meaningless? I guess meaningless is a strong word, but the implication is that P/E10, as opposed to P/E, prices in the "probability" of a recurrence of the 2008 financial crisis (yet neglects the 2002 dot-com recession because that's more than the-number-of...
by jackpistachio
Tue Nov 12, 2013 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Financial failures
Replies: 55
Views: 3378

Re: Financial failures

Debt = bad. Financial freedom = good. Savings rate gets from one to the other. Then good conservative investing principles keeps you there.
by jackpistachio
Mon Nov 11, 2013 7:21 am
Forum: Investing - Theory, News & General
Topic: We're not in an Equity Bubble
Replies: 61
Views: 7070

Re: We're not in an Equity Bubble

Flubber.
by jackpistachio
Thu Nov 07, 2013 5:21 am
Forum: Personal Consumer Issues
Topic: google does math
Replies: 53
Views: 4229

Re: google does math

I was aware that Google did math. The links you provided actually demonstrate that Bing can do math too.
by jackpistachio
Fri Oct 25, 2013 6:39 am
Forum: Investing - Theory, News & General
Topic: Federal Reserve proposing banks keep 30 day supply of cash
Replies: 3
Views: 477

Re: Federal Reserve proposing banks keep 30 day supply of ca

From AP: " The requirements were mandated by Congress after the financial crisis. They are part of new regulations that are intended to prevent another collapse severe enough to require taxpayer-funded bailouts and threaten the broader financial system." I don't think the Fed is reacting t...
by jackpistachio
Wed Oct 23, 2013 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Is tax due on unsold appreciated stocks?
Replies: 7
Views: 1056

Re: Is tax due on unsold appreciated stocks?

Because options are hard and I sound like an idiot? Well, no. I would give this advice generally. My reasoning is because I view options trading as incurring transaction costs with expected return before costs of at best zero (a zero sum game). This view relies on my belief that I don't know anythi...
by jackpistachio
Tue Oct 22, 2013 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Is tax due on unsold appreciated stocks?
Replies: 7
Views: 1056

Re: Is tax due on unsold appreciated stocks?

Capital gains tax is only due in the year assets are sold. Its a bit concerning you are asking this, and then asking about options trading in another thread. Some advised you to forgo options trading until you really understand how it works. I'd take it a step further and say forgo options trading r...
by jackpistachio
Sun Sep 29, 2013 6:03 pm
Forum: Personal Consumer Issues
Topic: How did you/your child pay for college?
Replies: 151
Views: 9726

Re: How did you/your child pay for college?

Myself Undergrad: Full ride academic + Pell grants + research assistant + less expensive private university. Continued in school through summers. No debt. Myself Grad: Stipend + research. Everything was paid for. Wife: Worked at university - most tuition was paid for. Small student loan from before ...
by jackpistachio
Fri Sep 27, 2013 9:19 am
Forum: Investing - Theory, News & General
Topic: Shiller PE10 nearing nosebleed territory?
Replies: 290
Views: 27098

Re: Shiller PE10 nearing nosebleed territory?

tadamsmar,
Ahh. Helpful. Thanks.
by jackpistachio
Fri Sep 27, 2013 4:33 am
Forum: Investing - Theory, News & General
Topic: Shiller PE10 nearing nosebleed territory?
Replies: 290
Views: 27098

Re: Shiller PE10 nearing nosebleed territory?

I did a perfunctory search looking for AA adjustments at the more extreme ranges of PE10, vs standard rebalancing schemes (periodic, percent bands, etc). I came up blank. "Over rebalancing", "asymmetric rebalancing, "under rebalancing", "opportunistic rebalancing"...
by jackpistachio
Thu Sep 26, 2013 10:24 am
Forum: Investing - Theory, News & General
Topic: Shiller PE10 nearing nosebleed territory?
Replies: 290
Views: 27098

Re: Shiller PE10 nearing nosebleed territory?

rodc, Good thing I'm not an 8th grader or I might have had the motivation to do some ill-advised backtesting myself. I'm lazy enough that I was hoping an 8th grader might do a 'lmgtfy' for me. Okay... a perfunctory + 1 search provided the following: http://www.bogleheads.org/forum/viewtopic.php?f=10...
by jackpistachio
Thu Sep 26, 2013 8:11 am
Forum: Investing - Theory, News & General
Topic: Shiller PE10 nearing nosebleed territory?
Replies: 290
Views: 27098

Re: Shiller PE10 nearing nosebleed territory?

I did a perfunctory search looking for AA adjustments at the more extreme ranges of PE10, vs standard rebalancing schemes (periodic, percent bands, etc). I came up blank. "Over rebalancing", "asymmetric rebalancing, "under rebalancing", "opportunistic rebalancing" ...
by jackpistachio
Thu Sep 26, 2013 8:02 am
Forum: Investing - Help with Personal Investments
Topic: interest at the bank
Replies: 19
Views: 1876

Re: interest at the bank

... right before Roth IRA deadline max Roth monies get transferred, ... Why do you wait until right before the Roth IRA deadline? If you have the funds, why don't you contribute as soon as possible? I use my Roth as an emergency fund. If I put the monies in as soon as possible and later needed to t...
by jackpistachio
Thu Sep 26, 2013 7:11 am
Forum: Investing - Help with Personal Investments
Topic: interest at the bank
Replies: 19
Views: 1876

Re: interest at the bank

mike143 wrote: ... right before Roth IRA deadline max Roth monies get transferred, ...


Why do you wait until right before the Roth IRA deadline? If you have the funds, why don't you contribute as soon as possible?
by jackpistachio
Wed Sep 25, 2013 5:37 am
Forum: Investing - Theory, News & General
Topic: Shiller PE10 nearing nosebleed territory?
Replies: 290
Views: 27098

Re: Shiller PE10 nearing nosebleed territory?

PE10 (and PE) adherents would have missed some large market run-ups of the past years. In other words, they would have bailed too early. I can't see any evidence PE10 beats rebalancing based on desired equity allocation. That's what I was thinking. I haven't made a change to my IPS since I started ...
by jackpistachio
Sun Jul 14, 2013 5:03 am
Forum: Personal Consumer Issues
Topic: Why does my lawnmower leave a stripe?
Replies: 28
Views: 6314

Re: Why does my lawnmower leave a stripe?

Have you checked than underneath is clean? It may be possible that buildup is causing an interesting air flow that pushes grass away from the blade in that area.
by jackpistachio
Fri Jun 28, 2013 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: TLHing EWA (MSCI Australia Index)
Replies: 0
Views: 229

TLHing EWA (MSCI Australia Index)

One lot of EWA I own is down 13.9%. I'm looking to tax loss harvest. I can't find a good alternative to replace with. This is held in a US-based Fidelity after-tax account. I am a US expat living in Australia and use EWA together with AUD Fixed Income to match my AUD-denominated goals/needs. Aside f...
by jackpistachio
Mon May 27, 2013 7:28 am
Forum: Personal Consumer Issues
Topic: What to do with old computers and printers?
Replies: 28
Views: 2034

Re: What to do with old computers and printers?

If it is only 3 years old and working, I'd donate to a charity or give to a friend/family member (but with no tech support strings attached).

5 years or older - e-cycle.
by jackpistachio
Mon May 27, 2013 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Overweighting China
Replies: 10
Views: 615

Re: Overweighting China

I read Malkiel's book - 10th edition. Did not overweight China. My reason? I couldn't follow the logic. Malkiel is a proponent of EMH, or at least the weak EMH. So if the market is efficient, why in China's case should one tilt because of what's not part of the market. It doesn't compute. The market...

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