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Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

And I thought I was a bad investor....kind of puts my mistakes of the past in perspective
by michaelsieg
Wed Jan 21, 2015 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 6576

Re: How to get things wrong - Swiss Franc (CHF)

Thanks Valuethinker, that makes a lot of sense. To my (somewhat limited) understanding, if a national bank decides to intervene, the problem of the SNB was probably an easier one than what the Russian currency is currently experiencing. To a certain extent, you can keep your currency at a low valuat...
by michaelsieg
Wed Jan 21, 2015 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3342

Re: How to get things wrong - Swiss Franc (CHF)

The only way it could have ended other than it did was if the SNB was willing to hyperinflate their currency, which I couldn't believe they would do. I am not sure this is true - interestingly, despite acquiring large amounts of foreign currency reserves since 2011 and printing large amounts of CHF...
by michaelsieg
Tue Jan 20, 2015 11:16 pm
 
Forum: Investing - Theory, News & General
Topic: How to get things wrong - Swiss Franc (CHF)
Replies: 32
Views: 3342

Re: [Legality of advisor's 401b plan changes without consent

Just an update, I had a conference call with the Morgan Stanley advisor and the owner of the business. The Morgan Stanley advisor stated that for him only the funds with 12-b fees were available. Also, he said, the default option (which was a MM account) is now illegal -according to him it has to be...
by michaelsieg
Tue Jan 20, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: downhill ski boots question

I also have feet that don't fit in most ski boots. So I have my own, and with them the foot pain at the end of the day is manageable and they last a long time. I would definitely recommend you buy a good pair. When we go skiing to Utah, we use Breeze ski rentals https://www.skirentals.com/#/ - you e...
by michaelsieg
Tue Jan 20, 2015 9:30 am
 
Forum: Personal Consumer Issues
Topic: downhill ski boots question
Replies: 17
Views: 994

Re: Swiss franc jumps as SNB abandons ceiling versus euro

If you can, you can go to just about any other European country for a discount. Thanks Frogprince, the problem is that I am from there and want the kids to see where I am from and to stay in contact with my part of the family... Just read an interesting article in the "Neue Zuercher Zeitung&qu...
by michaelsieg
Thu Jan 15, 2015 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 2258

Re: Swiss franc jumps as SNB abandons ceiling versus euro

It hurts us, we were going this summer with the kids, it probably will cost us at least 20% more than we thought....
Amazing also how the Swiss stock exchange reacted to the news, it dropped almost 9% in one day, that just usually just does not happen in Switzerland.
by michaelsieg
Thu Jan 15, 2015 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 2258

Re: Vertex42 Excel Stock Quote Template stop working

Suggest using gummy's yahoo CSV Excel macro. Easily found by searching. Has worked for me since ~2005. I did the same a few weeks ago when the MSN download with my Excel 2011 for Mac didn't work anymore. In the large Gummy stuff collection, I used the link for the Excel spreadsheet in "downloa...
by michaelsieg
Mon Jan 12, 2015 11:45 pm
 
Forum: Investing - Theory, News & General
Topic: Vertex42 Excel Stock Quote Template stop working
Replies: 39
Views: 4419

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

Bullish crowd this year....
1648
by michaelsieg
Thu Jan 01, 2015 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 19723

Re: Downhill and cross country ski destination

Davos, Switzerland - you will love the cross country skiing in the side valleys up there. Great downhill skiing. Lift tickets less expensive than in Utah, flight there more expensive.
by michaelsieg
Tue Dec 30, 2014 11:40 pm
 
Forum: Personal Consumer Issues
Topic: Downhill and cross country ski destination
Replies: 18
Views: 1557

Re: 92 y/o grandfather AA 90+% stocks

Also don't forget that when your grandfather passes (hopefully a long time from now), the base of his stocks for the heirs changes to the price the day of his passing - so for the heirs there will be no capital gains taxes. That would be another argument not to touch his individual stocks unless he ...
by michaelsieg
Sat Dec 27, 2014 1:36 am
 
Forum: Investing - Help with Personal Investments
Topic: 92 y/o grandfather AA 90+% stocks
Replies: 35
Views: 3978

Re: [Legality of advisor's 401b plan changes without consent

Thanks MossySF, this was very helpful. I don't know how much they have in the 401 plan invested, but from what you say the advisor probably makes an extra 0.5- 1% of the AUM after his changes, that is likely a significant sum - unbelievable! Glad to hear that payroll companies are flexible, will tal...
by michaelsieg
Sat Dec 27, 2014 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: My Christmas Message To You -- 70 Years Ago.

Merry Christmas!
Taylor,
Thank you for all you do and have done.
by michaelsieg
Thu Dec 25, 2014 11:39 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5092

Re: [Getting Sued for] Malpractice

Also if anyone has ideas on the security of 529s against medical malpractice, I'm all ears. I have asked this question before and didn't get a definite answer. I think someone said that there is no case law where 529 assets were depleted in a malpractice claim, but not being in the legal field, I h...
by michaelsieg
Thu Dec 25, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Getting Sued for] Malpractice
Replies: 46
Views: 4862

Re: Medical billing: wrong procedure

Calling a plumber to check your house or a house inspector would cost more than the amount your doctor is billing you to check your shoulder. Seems reasonable financially. I agree with the above. In terms of billing, time billing (45min in this case) is a way to bill that allows you to document les...
by michaelsieg
Thu Dec 25, 2014 11:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical billing: wrong procedure
Replies: 28
Views: 2169

Re: [Legality of advisor's 401b plan changes without consent

Thanks mnvalue, I felt the same way and suspected he gets a kick back payments - just can't think of another reason to do such a thing. Also, had I not looked, no one would have tried to change this - you would think that multiple employees are complaining about this, but many are busy in the weeks ...
by michaelsieg
Thu Dec 25, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: [Legality of advisor's 401b plan changes without consent

Thanks Laura,
I sure will do this. I will send him the link to this discussion as well.
Thanks for all the good advice you give to so many posters!
Happy Holidays!
Michael
by michaelsieg
Thu Dec 25, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: What are the deferred taxation compounding benefits (401

Petrico wrote:
Since the explanation worked like a charm for me ( :idea: , finally), I'll repeat it here in the hope that it will click others reading this:


Peter, thanks for posting this explanation, it finally helped me understanding....
Happy Holidays to you all!
Michael
by michaelsieg
Thu Dec 25, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: What are the deferred taxation compounding benefits (401k)?
Replies: 25
Views: 2024

Re: [Legality of advisor's 401b plan changes without consent

Thank you all for your replies. The owner who is in charge of the plan only knew that they were planning to make improvements and was surprised when I told him that this already happened when we talked at the Christmas party (I have a true gift for small talk...) So I guess the advisor has a way to ...
by michaelsieg
Wed Dec 24, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: [Getting Sued for] Malpractice

I think you are doing the right thing - get as much information you can get before you have a problem. I love this forum, but be careful about legal advice on the internet. One main principle is important: It is important to get good advice and qualified answers and implement an asset protection pla...
by michaelsieg
Tue Dec 23, 2014 11:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Getting Sued for] Malpractice
Replies: 46
Views: 4862

[Legality of advisor's 401b plan changes without consent]

My wife's small company with about 50 employees has their 401b plan through Paychex, a payroll company. This December, a Morgan Stanley advisor of the retirement plan made a lot of changes switching to higher ER funds, and none of the leadership knew or approved the changes, but they were executed. ...
by michaelsieg
Tue Dec 23, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Legality of advisor's 401b plan changes without consent]
Replies: 13
Views: 1666

Re: Most/Least Boglehead 2014 Activity?

Most: Implemented a factor based portfolio and shifted some value funds to Rafi indexes. Kept rebalancing and kept AA in VGPMX (was pretty painful...).
Least: Considered RSX (a Russia ETF) as an EM value fund and put part of my EM allocation into it.
by michaelsieg
Sun Dec 14, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 93
Views: 9438

Re: Suddenly Retired, do I have enough?

I am no expert in retirement planning and can't give you a quick answer, but one good thing I see is the relatively high income of 100k/yr in pensions/annuities. Are those with COLA? A simple way to look at it is that you have about 7k (after taxes) fixed monthly income from pension/annuities. So yo...
by michaelsieg
Thu Dec 04, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suddenly Retired, do I have enough?
Replies: 42
Views: 6916

Re: Strong Dollar Clobbers Returns of Foreign-Stock Funds

You could simply assume PPP will revert to equality. It's probably easy to get PPP data online; it was easy enough in the late 1990s but I haven't tried lately. Lazyday I agree that this is what a free exchange market with minor government interventions would result in. But there are significant sh...
by michaelsieg
Thu Dec 04, 2014 11:00 pm
 
Forum: Investing - Theory, News & General
Topic: Strong Dollar Clobbers Returns of Foreign-Stock Funds
Replies: 26
Views: 2696

Re: Strong Dollar Clobbers Returns of Foreign-Stock Funds

Can you explain why you do not consider these not a buying opportunity? Not to answer for Madbrain, but I also would not time my investments based on currency exchange rates. If you look at the influence of exchange rates on international returns, in 5 of the 10 years listed by simplgift it made a ...
by michaelsieg
Wed Dec 03, 2014 11:05 pm
 
Forum: Investing - Theory, News & General
Topic: Strong Dollar Clobbers Returns of Foreign-Stock Funds
Replies: 26
Views: 2696

Re: Took the Plunge into the Boglehead Allocation

You are doing great. One thing you might consider adding to your IPS is your savings plan. You are young but you will notice that lifestyle creeps up with your income very easily and discipline with your savings rate over time matters as much (if not more) than what investments you choose. Good luck...
by michaelsieg
Tue Dec 02, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Took the Plunge into the Boglehead Allocation
Replies: 38
Views: 2905

Re: Should 529s be counted part of our net worth?

letsgobobby wrote:
Hope that helps.

Yes it did! Thanks so much!
by michaelsieg
Sat Nov 29, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 2590

Re: Should 529s be counted part of our net worth?

We hold 'old' assets (contributed before 2013) and 'newer' assets (contributed 2013 onward) since the 'old' ones had appreciated so much. Letsgobobby, What is the advantage of doing this if you intend to use the money for your kids' college? Our 529 have the same "problem" (nice problem t...
by michaelsieg
Sat Nov 29, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should 529s be counted part of our net worth?
Replies: 34
Views: 2590

Re: An alternative to alternative investments [QSPIX]

Tramper Al wrote Now, I did not actually spend $2550 and buy it - I'll only go so far to be helpful to you guys. I cancelled the order before execution at 4pm - you can do that at every brokerage that does not have Vanguard in its name. Al, I did the same with TD Ameritrade and it took my order, but...
by michaelsieg
Fri Nov 28, 2014 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29806

Re: An alternative to alternative investments [QSPIX]

Thanks Larry and Robert for all your insightful comments.
Happy Thanksgivings everyone!
Michael
by michaelsieg
Thu Nov 27, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29806

Re: An alternative to alternative investments [QSPIX]

Ketawa and oneleaf,
I was not able to purchase the N shares at TDA today - so I called them to find out about the minimum. The lady told me that they have a memo from this January that sets the minimum investment at 1M - she was not sure, what it was before.
by michaelsieg
Wed Nov 26, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29806

Re: An alternative to alternative investments [QSPIX]

TDA doesn't seem to offer all the AQR funds. Through my IRA, QSPIX specifically says "Not Available through TD Ameritrade" and QSPNX has a $1M minimum investment. It seems like Fidelity is the only broker where they are available to retail investors. Thanks Ketawa, I placed an order for Q...
by michaelsieg
Wed Nov 26, 2014 12:04 am
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29806

Re: Girlfriend with a LOT of Student debt.

Most important things have been said - I think you should enjoy your time with her - most good things are probably free - and don't think about marriage for now. Give her time to sort her finances out, if she can't or is unwilling/unable, then make sure you don't marry her. If in a few years you sti...
by michaelsieg
Tue Nov 25, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13767

Re: An alternative to alternative investments [QSPIX]

Don't know if this helpful, but today I placed an order with my TD Ameritrade brokerage account that is linked to my 403 plan. The order was for over 10k but it got cancelled - will call tomorrow and find out why. Probably with some TDA accounts, the N fund (QSPNX) is the only option for a "sma...
by michaelsieg
Tue Nov 25, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 257
Views: 29806

Re: Thinking about retiring next year

You're used to having $102k and will have some college expenses that are new. Sounds like you'd have $55k + $18k + whatever you make part time. If you can make $30k part time, that gets you even, before college costs. I think these numbers look about right to me and if you estimate the amount of ca...
by michaelsieg
Fri Nov 21, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring next year
Replies: 16
Views: 2630

Re: Bogleheads, tell me about your 40's?

For me I managed to complicate our lives more in the 30's, simplify our lives now in our mid 40's. I would say it tends to follow the kids age track more than anything I think you are right, ours are still fairly young (elementary school) and basically they took over my 40s - wouldn't want to miss ...
by michaelsieg
Wed Nov 19, 2014 10:36 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 19839

Re: Bogleheads, tell me about your 40's?

Your 40s are not as good as your 30s.

Well said...a lot of things seem harder and we managed to complicate our lives more than to simplify...things seemed easier in my 30s.
by michaelsieg
Wed Nov 19, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 19839

Re: How to be a Boglehead in Germany

Thanks Troy for your input. I lived for 7 years in Germany, but coming from Switzerland, I always did my brokerage/banking using my Swiss bank. So for me and living in Germany, buying VG ETFs really happened with the click of a mouse. I trade very infrequently, so the higher trading fees if you buy ...
by michaelsieg
Sun Nov 09, 2014 12:49 am
 
Forum: Investing - Theory, News & General
Topic: How to be a Boglehead in Germany
Replies: 14
Views: 3206

Re: VGPMX: anyone contrarian enough to buy it?

Placed the order to rebalance late Friday - with my luck it will be up 5% on monday....
by michaelsieg
Sun Nov 02, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: VGPMX: anyone contrarian enough to buy it?
Replies: 79
Views: 10945

Re: A Returns Spreadsheet for Bogleheads

Thanks for posting this - I want to formally calculate my own return (usually just use the Morningstar number at the end of the year without checking ) and always have been too lazy to do it. So your spreadsheet will help - thanks for making it available to us.
Michael
by michaelsieg
Sun Nov 02, 2014 8:28 pm
 
Forum: Investing - Theory, News & General
Topic: A Returns Spreadsheet for Bogleheads
Replies: 75
Views: 10152

Re: VGPMX: anyone contrarian enough to buy it?

At least its only 5.5% of the portfolio.

Similar % range here- thanks for keeping me to stick to my plan!
by michaelsieg
Thu Oct 30, 2014 10:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: VGPMX: anyone contrarian enough to buy it?
Replies: 79
Views: 10945

Re: VGPMX: anyone contrarian enough to buy it?

I hit the band and should rebalance into it now, but will wait a bit...at least sleep over it...funny how I tend to doubt my AA (that I wrote in my IPS) when asset classes do poorly.
by michaelsieg
Thu Oct 30, 2014 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: VGPMX: anyone contrarian enough to buy it?
Replies: 79
Views: 10945

Re: Help with a large business decision

I guess my biggest fear is I just am having my best year ever and I would hate to sink the fruits of my labor into this upgrade and then have business go bad and lose it all. southwest_stacker But the risk for that happening seems low - see if you buy this equipment outright, you are not leveraged ...
by michaelsieg
Mon Sep 15, 2014 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 1456

Re: Help with a large business decision

You mention that you could do the work in half the time with the new equipment - so the question I would ask is: What the limiting factor to do more business is in your situation? - are you currently limited by the time for each project or do you have downtime between projects and the project volume...
by michaelsieg
Mon Sep 15, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with a large business decision [capital expenditure]
Replies: 36
Views: 1456

Re: A 'really good book' you did NOT enjoy

The most painful 'good" book I remember reading was one hundred years of solitude, we had to read it in school and for some reason it was very popular...may be I was too young back then, but I have no intention to look into it again.
by michaelsieg
Mon Sep 08, 2014 11:00 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 229
Views: 12354

Re: Anyone familiar with Switzerland?

I grew up in Bern, you will like it, even though it is not as fast paced such as Zuerich or Basel. If you like to hike, go in the Bernese mountains, you should consider going to Grindelwald or Muerren. (great hikes in those areas) and consider taking the train up to the Jungfraujoch. Interlaken, abo...
by michaelsieg
Wed Sep 03, 2014 10:55 am
 
Forum: Personal Consumer Issues
Topic: Anyone familiar with Switzerland?
Replies: 14
Views: 1104

Re: Ideas for thanking a doctor

Just enjoyed a bottle of a nice burgundy wine with our family tonight - a physician colleague gave it to me after I fixed his torn aorta on my birthday this winter - him doing well and being back to work was probably the best birthday gift I have gotten in a long time...but I agree, a letter or a ca...
by michaelsieg
Sat Aug 30, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: Ideas for thanking a doctor
Replies: 75
Views: 5800

Re: Beat The Street's Permanent Portfolio

Thanks for posting!
I wonder how the portfolio would look with intermediate treasuries or an intermediate treasury fund...the term risk with current interest rates just seems high to me...(I know, they might stay low for a very long time and nobody knows...)
by michaelsieg
Thu Aug 14, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: Beat The Street's Permanent Portfolio
Replies: 36
Views: 3420

Re: Sources for Discovering Dishwasher Quality

We bought a Kenmore elite that was ranking high on CR last year on black Friday, it was something like $600 off. Installed it myself with a friend and we have been extremely happy with it. Clean dishes and you barely can hear that it is on. One disadvantage of these new dishwashers though it that th...
by michaelsieg
Sun Aug 10, 2014 10:28 pm
 
Forum: Personal Consumer Issues
Topic: Sources for Discovering Dishwasher Quality
Replies: 36
Views: 2185

Re: Prove adding SV will lower the risk, given the same E(r)

"adding SV and more bonds to market/bonds portfolio will increase the expected return at the same risk. Can you prove the above statement using your risk definition in Q1? "Note 1: The above statement says "will increase" not "has increased. Not sure if this was said before...
by michaelsieg
Thu Jul 31, 2014 10:46 pm
 
Forum: Investing - Theory, News & General
Topic: Prove adding SV will lower the risk, given the same E(r)
Replies: 79
Views: 4333
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