Search found 20 matches

by zombie_lawyer
Wed Jul 15, 2015 5:16 pm
Forum: Investing - Theory, News & General
Topic: How to invest if you start with delay?
Replies: 6
Views: 821

Re: How to invest if you start with delay?

A mistake that is important to avoid is trying to "catch-up" by taking more risk than would otherwise be reasonable. Declining risk closer to retirement is a general rule that should apply regardless of whether someone is "behind" in saving.
by zombie_lawyer
Mon Jun 29, 2015 5:23 pm
Forum: Investing - Theory, News & General
Topic: dow futures down 200+ points
Replies: 84
Views: 9733

Re: dow futures down 200+ points

Greece GDP ca. 207 billion https://en.wikipedia.org/wiki/Greece World GDP ca. 75 trillion https://en.wikipedia.org/wiki/Gross_world_product => Greece is ca. 0.28% of World => If Greece were to permanently vanish off the face of the earth today, shouldn't the impact on world stock markets be at most...
by zombie_lawyer
Thu Jun 18, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment thoughts?
Replies: 5
Views: 951

Re: Betterment thoughts?

Betterment charges something like 0.15% to 0.35% in fees, on top of the fees of the funds you're invested in. In the long run, that's just too expensive for my taste, and I expect most bogleheads would feel the same. On the other hand, I can understand how some people could view the convenience as b...
by zombie_lawyer
Sat Jun 13, 2015 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 101
Views: 11284

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I chose money over work-life balance. Since I graduated 6 years ago, I've been working 70-110 hour weeks, without nights, weekends or holidays ever being safe. I'm young (31) and single, am making great money ($340k/year), am gaining great experience and opening countless doors for myself, and still...
by zombie_lawyer
Sat Jun 06, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Canadian banking question for green card holder (Wife)
Replies: 9
Views: 764

Re: Canadian banking question for green card holder (Wife)

I'm not sure if this solves your problem, but this is what I do to avoid international wire fees: I have two accounts with RBC in Canada, one denominated in CAD and one denominated in USD. In the US, I have an account with RBC denominated in USD. RBC allows transfers between all these accounts witho...
by zombie_lawyer
Tue Jul 02, 2013 11:05 am
Forum: Investing - Theory, News & General
Topic: Long investment horizon =/= long-term bonds?
Replies: 5
Views: 849

Long investment horizon =/= long-term bonds?

Is there a good reason why someone who has a long investment horizon (i.e. is in their 20s) should not initially invest the bond portion of their portfolio in long-term bond funds? Vanguard's Target Retirement funds for young investors are invested in intermediate term bonds. I'm sure there's a good...
by zombie_lawyer
Thu Oct 13, 2011 1:04 pm
Forum: Investing - Theory, News & General
Topic: Why is insider trading illegal?
Replies: 26
Views: 1503

Hi zombie_lawyer, Not everyone believes insider trading should be illegal. Learning to Love Insider Trading Respectfully, Optimistic My issue with the argument in that article is that it supports permitting insider trading on the grounds that it helps prices find their "true" levels more ...
by zombie_lawyer
Thu Oct 13, 2011 12:37 pm
Forum: Investing - Theory, News & General
Topic: Why is insider trading illegal?
Replies: 26
Views: 1503

The game is not fair. People trade inside. People corrupt. There's no doubt that the game isn't totally fair. Insider trading can never be eradicated completely. But I also think that in the US and other advanced countries we do an excellent job at deterring it and prosecuting it. I can tell you th...
by zombie_lawyer
Thu Oct 13, 2011 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why is insider trading illegal?
Replies: 26
Views: 1503

As my securities law professor in law school repeated over and over, "if the game's not fair, who'd want to play?". I'm an M&A lawyer. If I could use my knowledge of an M&A deal I am working on to give tips to all my family and friends, so that they can double or triple their money...
by zombie_lawyer
Wed Oct 05, 2011 9:32 am
Forum: Personal Consumer Issues
Topic: How much do you pay for internet?
Replies: 52
Views: 4224

$55/month for 15(10?)MB down and 1MB up.
by zombie_lawyer
Fri Aug 12, 2011 8:34 am
Forum: Investing - Theory, News & General
Topic: Do You Invest In Junk Bonds?
Replies: 40
Views: 5493

I do not invest in junk bonds. Not because I'm fundamentally opposed to them - but because I can achieve the same economic end result with a more simple portfolio. I prefer to just hold a higher portion of equities and less investment grade bonds.
by zombie_lawyer
Wed Aug 10, 2011 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way to move cash to a Vanguard account?
Replies: 27
Views: 3036

To buy mutual funds in my taxable account with Vanguard, I send my $ by wire transfer to obtain that day's closing price - it's faster than ACH, and I can still do it online, so it's not a hassle. The big caveat is that my bank allows unlimited no-fee wires, otherwise I wouldn't be doing it this way.
by zombie_lawyer
Mon Aug 08, 2011 1:02 pm
Forum: Personal Consumer Issues
Topic: Suit up (i.e. buying new suits for a new job)
Replies: 33
Views: 4659

I would try to avoid wearing the black suit as black suits aren't ideal for business. Having a dark navy (with brown belt and shoes), grey, and charcoal suit would cover the fundamentals. I very rarely if ever see anyone wear a black suit to work here in NYC. For shirts, I'd stick to white and light...
by zombie_lawyer
Wed Aug 03, 2011 9:22 am
Forum: Investing - Theory, News & General
Topic: Changes to Student Loans from the new Budget bill.
Replies: 14
Views: 2310

MrMiyagi wrote:The student loan industry is the next bubble to burst...although a lot of loans got sold to the Dept of Ed a few years ago so maybe not?

Any ideas on how to profit for if/when a bubble bursts? :P


Short Sallie Mae.
by zombie_lawyer
Thu Jul 14, 2011 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do as a $1,000 "fun" investment?
Replies: 60
Views: 5033

More seriously, That's true (painfully true for me). But if you happen to be holding on the day that moody downgrades? Jackpot (well, a mini one at least). OP, another "fun" idea for that $1,000 would be to buy a structured note. Many of these notes come in $1,000 minimum denominations no...
by zombie_lawyer
Thu Jul 14, 2011 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do as a $1,000 "fun" investment?
Replies: 60
Views: 5033

redarmymembe wrote:More seriously,
TMV - Direxion Daily 30-Yr Trsry Bear 3X Shrs might be a good gamble.


Those leveraged ETFs generally shouldn't be held for more than a day (they don't track a benchmark beyond that) so if OP is looking for a buy and hold I'd recommend something else.
by zombie_lawyer
Thu Jul 14, 2011 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do as a $1,000 "fun" investment?
Replies: 60
Views: 5033

I'd go to the casino 8-)
by zombie_lawyer
Wed Jul 13, 2011 1:10 pm
Forum: Personal Consumer Issues
Topic: Is it considered rude not to say "bless you"?
Replies: 47
Views: 4228

I don't say bless you (or anything else) if someone sneezes, nor do I care whether anyone says it when I sneeze. It all seems so arbitrary, I don't see the point of it, plus I'm an atheist... But anyway, if I feel that my sneeze was disruptive, I'll say excuse me after I do it. If someone does say s...
by zombie_lawyer
Mon Jul 11, 2011 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Concerned with adding bonds to my portfolio
Replies: 11
Views: 3164

OP, the other posters have provided sage advice. Regarding HY bonds, I'll reiterate the sentiment of others and recommend against them. A key role played by one's bond allocation should be to buttress one's equities during downturns (it's extremely valuable to have that store of value with which to ...
by zombie_lawyer
Mon Jul 11, 2011 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Concerned about US debt obligations, want to shift 401k
Replies: 11
Views: 2269

I'll echo the sentiment of the other posters. None of those options would provide good safe-havens in the event of a US gov't default. And, in any event, if there was a safe haven, assuming that the market is efficient, it has processed everything you know about the risk of a US gov't default; so yo...

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