Search found 4211 matches

by am
Sun Sep 11, 2022 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree profile article from wsj (under 2 mil portfolio)
Replies: 16
Views: 2687

Re: Retiree profile article from wsj (under 2 mil portfolio)

wanderer wrote: Sun Sep 11, 2022 1:00 pm All retirees need to have retirement activities/plans which keep them engaged with life and life values.
The folks in the article mentioned the struggle to stay engaged with fiends/colleagues, board seats, etc. These aspects of the article seem more important than the financial.
It seems like most of the discussion here is on the financial aspects of retirement. It seems to me that most of us who have made it to this forum will be just fine. You don’t need 5+ mil, like some make it out to be.

I see much less on the most important aspects which is being engaged with life, finding interesting activities, staying healthy etc.
by am
Sun Sep 11, 2022 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Retiree profile article from wsj (under 2 mil portfolio)
Replies: 16
Views: 2687

Retiree profile article from wsj (under 2 mil portfolio)

https://www.wsj.com/articles/heres-what ... 1661702455


Interesting article profiling 4 retirees with portfolios under 2 million ( :shock: good thing they didn’t come here asking for permission to retire). One thing that struck me was that their expenses exceed the “4% rule” often talked about. Also, seems like these retirees live it up, some with 2 homes and others with debt going into retirement.

Wondering if stories of real retirees changes how you approach retirement?
by am
Sun Sep 11, 2022 6:59 am
Forum: Investing - Theory, News & General
Topic: What’s wrong with this etf yielding 11% (JEPI)? [JPMorgan Equity Premium Income]
Replies: 152
Views: 34439

Re: What’s wrong with this etf yielding 11% (JEPI)?

When stocks are rising fast, JEPI is going to lose out on a lot of the gains because the shares are going to be sold at the strike price for only a small gain. When stocks are flat or rising slowly, JEPI is going to beat the market considerably because it will keep generating options income. When stocks drop, JEPI will drop less because you will have a high dividend yield to offset the losses, and JEPI is made of generally lower volatility stocks. If we end up in a no-or-slow growth decade, JEPI is going to be very popular. So seems like JEPI is a thumbs up as long as you accept the above? 11% dividend yield can change. Under what conditions would this drop? Also, other then Chase going bankrupt, is there a scenario where this fund loses b...
by am
Sat Sep 10, 2022 4:58 pm
Forum: Investing - Theory, News & General
Topic: What’s wrong with this etf yielding 11% (JEPI)? [JPMorgan Equity Premium Income]
Replies: 152
Views: 34439

Re: What’s wrong with this etf yielding 11% (JEPI)?

I know reaching for yield is wrong and I am a 3 fund indexer, but curious about this one? At a basic level, they are writing call options for income, which is a strategy some investors use. That can cap your gains if stocks take off... but may cushion when things slow down. Appears to have trailed the S&P by a good margin last year. Also the top stocks are way different from market weights... which may be great... till it isn't... edit to add.. it's not an ETF.. it's an ELN... so it's an agreement with JPMorgan... so while not likely they go bankrupt... you're essentially buying a structured product from them that you may or may not be able to sell on to another investor when you so desire Investments in Equity-Linked Notes (ELNs) are ...
by am
Sat Sep 10, 2022 4:46 pm
Forum: Investing - Theory, News & General
Topic: What’s wrong with this etf yielding 11% (JEPI)? [JPMorgan Equity Premium Income]
Replies: 152
Views: 34439

What’s wrong with this etf yielding 11% (JEPI)? [JPMorgan Equity Premium Income]

https://am.jpmorgan.com/content/dam/jpm ... S-JEPI.PDF


I know reaching for yield is wrong and I am a 3 fund indexer, but curious about this one? 500k invested would yield 55k per year? Who needs the 4% rule for retirement :happy ?
by am
Tue Sep 06, 2022 7:49 pm
Forum: Investing - Theory, News & General
Topic: Riding HEDGEFUNDIE’s excellent adventure
Replies: 367
Views: 98212

Re: Riding HEDGEFUNDIE’s excellent adventure

Has the worst risk of hedgefundie strategy showed up? Stocks and long dated bonds going down? Anyone quitting?
by am
Mon Sep 05, 2022 3:44 pm
Forum: Personal Investments
Topic: Does selling individual stock losers make sense?
Replies: 18
Views: 1597

Re: Does selling individual stock losers make sense?

Generally speaking, if you decide the strategy was a poor one, then yes, it makes sense to exit and go back to vanilla index funds. If so, it's worth meditating on this loss and how you can avoid similar mistakes in the future. It's tuition to the school of life... just make sure you absorb the lesson. On the other hand, if you decide the strategy was good, but your luck was bad, it can make sense to buy more to restore the allocation as a percentage of your portfolio (i.e. rebalance). Since you're talking individual stocks and hedgefundie, I'd be more inclined to choose the former rather than the latter... I think it was greed for the individual stocks when they were going up and up during the pandemic. For hedgefundie, it was the multi p...
by am
Mon Sep 05, 2022 3:13 pm
Forum: Personal Investments
Topic: Does selling individual stock losers make sense?
Replies: 18
Views: 1597

Re: Does selling individual stock losers make sense?

jebmke wrote: Mon Sep 05, 2022 2:12 pm If you would not buy them today you should sell.
One of my individual stock picks which has lost like 60-70% (BCLI) has an ALS drug which is being reconsidered by the FDA after the data was analyzed incorrectly at the conclusion of the trials. I’m wondering if it’s worth keeping this one to prevent regret? I bought it as a bet right before the trial results were out.
by am
Mon Sep 05, 2022 2:58 pm
Forum: Personal Investments
Topic: Does selling individual stock losers make sense?
Replies: 18
Views: 1597

Re: Does selling individual stock losers make sense?

Just to add. I also have a separate “play” taxable brokerage account with individual stocks (<5% portfolio). Ironically its down the least out of my accounts.

It bothers me that I have some individual stocks losers and hedgefundie in my work 401k. Hoping to make the 401k pure with only vanilla index funds.
by am
Mon Sep 05, 2022 2:44 pm
Forum: Personal Investments
Topic: Does selling individual stock losers make sense?
Replies: 18
Views: 1597

Re: Does selling individual stock losers make sense?

Generally speaking, if you decide the strategy was a poor one, then yes, it makes sense to exit and go back to vanilla index funds. If so, it's worth meditating on this loss and how you can avoid similar mistakes in the future. It's tuition to the school of life... just make sure you absorb the lesson. On the other hand, if you decide the strategy was good, but your luck was bad, it can make sense to buy more to restore the allocation as a percentage of your portfolio (i.e. rebalance). Since you're talking individual stocks and hedgefundie, I'd be more inclined to choose the former rather than the latter... I think it was greed for the individual stocks when they were going up and up during the pandemic. For hedgefundie, it was the multi p...
by am
Mon Sep 05, 2022 2:10 pm
Forum: Personal Investments
Topic: Does selling individual stock losers make sense?
Replies: 18
Views: 1597

Does selling individual stock losers make sense?

I have some individual stocks in my 401k which I bought during the pandemic highs and an adventure into the hedgefundie strategy. The current loss is about 15k out of a near 7 figure 401k.

Do you guys think it makes sense to just sell all of the solo stocks and exchange into my usual index investments of total us market, total international funds? Or does it make sense to just stick with the investments?

I realize I got caught up in hype and bubbles but thankfully only a small portion (<5%) of my portfolio as I also have taxable investments. Is this just cutting my losses or should I wait it out?
by am
Mon Sep 05, 2022 8:36 am
Forum: Personal Finance (Not Investing)
Topic: High income physician seeking financial and life advice
Replies: 202
Views: 42621

Re: High income physician seeking financial and life advice

Mid 30s your not going to do anything. Money is too good. We all know it may not last. But try to find a balance because a lot of badness can happen at any time.

Going full speed in radiology for 9 hours a day is not sustainable for good mental health. Find ways to channel your frustrations and burnout into other areas. Work less if possible. You are not going to have 10s of millions like successful business owners so enjoy the journey.
by am
Sat Sep 03, 2022 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Tax loss harvesting VTI and VXUS
Replies: 13
Views: 1264

Re: Alternatives to VTI/VXUS

Itot and Ixus (ishares)
by am
Sun Aug 28, 2022 8:12 pm
Forum: Personal Investments
Topic: How much is enough for a single man to retire?
Replies: 91
Views: 17768

Re: How much is enough for a single man to retire?

How could 3 mil + SS not be enough for most? I remember Rick F saying in one thread that most retirees spend less then 100k.
by am
Sat Aug 27, 2022 12:35 pm
Forum: Investing - Theory, News & General
Topic: 30 yr treasury yield and withdrawal strategy
Replies: 5
Views: 920

30 yr treasury yield and withdrawal strategy

30 year treasury yield is about 3.2%. Say yields move up into the 4%+ range. Would it make sense to get 2 million in 30 yr treasuries out of a portfolio of 4 million and insure an 80k+ income stream for 30 years into old age (assume inflation would get back to low levels)? The other 50% would be in us/international index funds. Alternative would be to keep the 2 million in us bond index instead of 30 yr treasury.
by am
Sat Aug 27, 2022 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Private practice/ multi specialty group
Replies: 57
Views: 5089

Re: Private practice/ multi specialty group

guyfromct wrote: Sat Aug 27, 2022 9:53 am
am wrote: Sat Aug 27, 2022 8:57 am That’s medicine. Make a lot but grind yourself down. Luckily your on bogleheads. 15-20 years of index investing living below means, and avoiding mishap will get you to financial freedom (albeit at a basic level).
It doesn’t have to be. OP could go DPC or cash and carry, see fewer people in a much lower cost structure and take home more.
Most specialists can’t do that.
by am
Sat Aug 27, 2022 9:05 am
Forum: Investing - Theory, News & General
Topic: Reducing psychological pain
Replies: 80
Views: 8163

Re: Reducing psychological pain

Bluedoor wrote: Fri Aug 26, 2022 10:30 pm When the market is going down, how can you mitigate the psychological/emotional pain in order to stay the course? Applying Stoics philosophy, I routinely imagine 50% loss in my portfolio and prepare for that possibility. Also I read that some people check the balance only twice a year. But it’s too difficult for me to do it.
Not looking at balances helps me.
by am
Sat Aug 27, 2022 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Private practice/ multi specialty group
Replies: 57
Views: 5089

Re: Private practice/ multi specialty group

That’s medicine. Make a lot but grind yourself down. Luckily your on bogleheads. 15-20 years of index investing living below means, and avoiding mishap will get you to financial freedom (albeit at a basic level).
by am
Sat Aug 20, 2022 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Instacart credit from chase credit card question
Replies: 6
Views: 916

Re: Instacart credit from chase credit card question

I actually figured this out. If you already have an instacart membership, it can be extended for an additional year for free on the instacart site by redeeming the chase offer. You then add the sapphire reserve as a payment method to get the 15 dollar monthly credit.
by am
Sat Aug 20, 2022 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Instacart credit from chase credit card question
Replies: 6
Views: 916

Instacart credit from chase credit card question

There is a 15 dollar monthly credit from sapphire reserve for instacart until 2024. We already have an instacart membership. Does anyone know if adding the sapphire reserve to our existing account is enough to get the credit or do we need to get a new membership through the sapphire reserve?
by am
Tue Aug 16, 2022 6:05 pm
Forum: Personal Investments
Topic: Fidelity site issues Saturday, 8/13?
Replies: 15
Views: 1614

Re: Fidelity site issues Saturday, 8/13?

My landing page at fidelity is now missing my 457b and 401k? Only when I press positions tab does everything show up
by am
Mon Aug 15, 2022 7:38 am
Forum: Personal Investments
Topic: Single company Stocks
Replies: 64
Views: 6843

Re: Single company Stocks

I have 5% in individual stocks and crypto, 95% in boring index funds.

I have fun with the 5% in individual stocks and have had some winners and am up over all after 5 years. I don’t regret it at all.
by am
Mon Aug 15, 2022 7:29 am
Forum: Personal Investments
Topic: Private real estate investments?
Replies: 29
Views: 3420

Re: Private real estate investments?

Look up the financial statements of some public REITs. Their G&A expenses are typically less than 10% of the revenue. Many public REITs (apartments, single family, industrial) trade at slight discount to the NAV of the real estates owned by the REITs. Some REITs (office, retail) trade at massive discount to real estate owned by these REITs. So you not only get discount when you buy the REITs, you also get inexpensive and efficient management. Then you look at the syndications, they probably charge you some 2% of the assets plus some participation every year. That’s some outrageous fees for a simple business of buying and managing real estate. Can you recommend some etfs that give you a big discount on the real estate owned? Also, what ...
by am
Sun Aug 14, 2022 9:10 am
Forum: Personal Investments
Topic: Private real estate investments?
Replies: 29
Views: 3420

Re: Private real estate investments?

retired@50 wrote: Sun Aug 14, 2022 9:00 am
am wrote: Sun Aug 14, 2022 8:37 am ... Are there any public etfs or investments which provide a similar type of exposure?
Commercial real estate exposure?

Sure, buy a REIT that specializes in an area that you're interested in, or buy a REIT index fund like the one at Vanguard. VGSLX.

Regards,
Is there then any advantage to the fund link I provided?

The celsius cypto debacle has really made me want to stay away from smiling suits with their opaque black box investments (even though I did not lose anything because I transferred out 2 days before asset freeze).
by am
Sun Aug 14, 2022 9:07 am
Forum: Personal Investments
Topic: Single bond etfs?
Replies: 50
Views: 3532

Re: Single bond etfs?

Is it easy to buy a 2 yr treasury through fidelity say tomorrow to get 3.2% yield or so? How easy is it to sell in say 6 months if yields have moved up?
by am
Sun Aug 14, 2022 8:37 am
Forum: Personal Investments
Topic: Private real estate investments?
Replies: 29
Views: 3420

Private real estate investments?

https://pof22.ascentequitygroup.com/

I am curious about these types of private real estate investments. I am interested but simply do not trust these opaque investments. Are there any public etfs or investments which provide a similar type of exposure?
by am
Sun Aug 14, 2022 8:26 am
Forum: Personal Investments
Topic: Single bond etfs?
Replies: 50
Views: 3532

Single bond etfs?

https://www.etf.com/sections/daily-etf- ... ead%20More

Anyone think using these etfs is a good idea to capture the yield on the short end of the curve (2 yr yielding 3.2% utwo)? This is for those who don’t want to use treasury direct and buy the bonds?
by am
Sat Aug 13, 2022 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Independent considering Retiring Early
Replies: 44
Views: 7147

Re: Financially Independent considering Retiring Early

BruinBones wrote: Sat Aug 13, 2022 6:20 pm Surgeon. Retired at 55 in 2020. Sometimes bored but no regrets.
Bored is not necessarily bad. Especially after years of intense work
by am
Sat Aug 13, 2022 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Independent considering Retiring Early
Replies: 44
Views: 7147

Re: Financially Independent considering Retiring Early

I posted a couple of years ago when I was considering retiring early. Two years have gone by and I am now considering it again. Some background- I am a 51 year old physician who is getting burned out and considering retiring early. I have about $9 million in a taxable account, $3.5 million in retirement accounts and a paid off $1 million dollar house. My current spending is about $150k per year which would probably go up to $200k with health insurance, etc. My wife works part-time (3 days per week) and I have a 10 year old daughter in public school. I have a lot of hobbies but I’m concerned that I may get bored and would regret giving up my partnership in my current group which takes years to attain. However, I don’t really need the money ...
by am
Sat Aug 13, 2022 8:43 am
Forum: Personal Investments
Topic: Ugma/utma account at vanguard question
Replies: 3
Views: 510

Re: Ugma/utma account at vanguard question

N.Y.Cab wrote: Sat Aug 13, 2022 8:40 am At Vanguard, you must initiate the account transfer of ownership request online. Each recipient has to create their own account to login and accept the transfer. You may have to enter the request more than a few times if the transfer is not accepted within a window of a couple days.
Curious, do the kids get the status of the family asset tiers?
by am
Sat Aug 13, 2022 8:16 am
Forum: Personal Investments
Topic: Ugma/utma account at vanguard question
Replies: 3
Views: 510

Ugma/utma account at vanguard question

I have ugma/utma accounts set up for several of my kids who are close to 21 which is the age of transfer to them in my state.

Will the accounts at vanguard automatically remove me as custodian and just have the kids name on them? How will they access their accounts since they are part of my login with multiple other accounts including their siblings? Is there some paper work involved? Thanks.
by am
Sun Aug 07, 2022 9:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard Municipal Money Market VMSXX [0.03%]
Replies: 651
Views: 123297

Re: Vanguard Municipal Money Market VMSXX [0.03%]

Bimmer wrote: Sun Aug 07, 2022 9:32 am My high yield savings accounts are all around 1.6%, so better than VMSXX. But by my maths FederalMoney Market has a TEY > 2% in higher tax bracket, so I’m keeping most cash there right now.
1.6% is much worse in high yield compared to 1.4% in muni at high bracket
by am
Sun Aug 07, 2022 7:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard Municipal Money Market VMSXX [0.03%]
Replies: 651
Views: 123297

Re: Vanguard Municipal Money Market VMSXX [0.03%]

Electron wrote: Sat Aug 06, 2022 1:09 pm Here is a chart updated through 8-05-22.

Note the recent rise in the Tax Exempt Money Market Fund yields.

These funds could present an opportunity very soon.

Image
Vmsxx muni money market 7 day yield 1.44 as of 8/5. That’s real good compared to high yield savings for those who are in higher brackets.

I remember from years before that these yields never lasted. But now with fed raising interest rates, I am thinking of transferring most of my money in high yield to this muni fund. What do you guys think?
by am
Sun Jul 24, 2022 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school
Replies: 54
Views: 6137

Re: Paying for medical school

MD here.

Cheapest med school possible in US. It matters very little.

99% of residencies will be available to her if she does well from any school. Almost all jobs will be available to her from any residency. Harvard educated doctors bill the same for procedures as podunk community residency in the middle of no where.

MD/PHD only if she has an interest in research and doing it for a career. Otherwise lost years and income.
by am
Sun Jul 17, 2022 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Want to cash out pre paid debit cards
Replies: 17
Views: 1470

Re: Want to cash out pre paid debit cards

OP, I just set up my first Netspend card to get the 5%. Your are giving me second thoughts. Can't you not use another bank like Ally to link it to your netspend account and then withdraw the money and then close the netspend account? If this is not possible, maybe I should stop opening more netspend accounts. I did not have issues with netspend—> chase for 6 years. Yesterday, I did my annual interest transfers and 2 transactions got flagged as possibly fraudulent. Online access was blocked x 2. I spent > 1 hour on the phone with representatives unblocking my online chase account twice. The two transactions that got blocked make it impossible to do future transfers unless I go to branch and show the banker I am the owner of the netspend acc...
by am
Sun Jul 17, 2022 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Want to cash out pre paid debit cards
Replies: 17
Views: 1470

Re: Want to cash out pre paid debit cards

Do you guys think I can get the cash from the cards at chase bank somehow? Maybe will require several trips given limits?
by am
Sun Jul 17, 2022 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Want to cash out pre paid debit cards
Replies: 17
Views: 1470

Want to cash out pre paid debit cards

I set up 10 prepaid debit cards from Netspend and brinks in 2016 for the 5% savings account. I would harvest interest from the savings account about once a year which amounted to 500 dollars pretax (1k per card balance). I would transfer the savings interest from the prepaid card savings to chase checking. This process would take about 45 minutes once a year. For the first time this year, several of the transactions to chase got flagged as potentially fraudulent and were blocked. I had to call chase to unlock my online access and waste time with representatives several times on Saturday. They tried calling the banks of these savings accounts to verify that I was the owner without success as the department was closed on the weekend. This was...
by am
Sun Jul 17, 2022 8:09 am
Forum: Investing - Theory, News & General
Topic: How many "Japans" have there been?
Replies: 262
Views: 23571

Re: How many "Japans" have there been?

What is actionable here for a us investor?

My take is that there will never be certainty with retirement savings. 4% has worked well almost all the time here so should be ok.
by am
Sun Jul 17, 2022 7:21 am
Forum: Personal Investments
Topic: New Vanguard Ultra Short Bond ETF (VUSB)
Replies: 42
Views: 9104

Re: New Vanguard Ultra Short Bond ETF (VUSB)

JPMorgan Ultra-Short Municipal Income ETF Sec yield 1.43%. Duration < 1 yr and ER .18. How about this for a substitute for higher income bracket investors?
by am
Wed Jul 13, 2022 8:00 pm
Forum: Personal Consumer Issues
Topic: College application question for child (econ top private vs business state school)
Replies: 102
Views: 8473

Re: College application question for child (econ top private vs business state school)

If you can afford it and she wants it...Northwestern. You can't go wrong with a top school. Northwestern has it all. Great academics. Surrounded by great people. Big time D1 sports and school pride. Great alumni network. I have an econ degree and a MBA. Econ is tough with a lot of math. If she changes majors Northwestern has many more options. Like others said....if she doesn't go there...there are so many other options. I have three kids. 1 graduated...1 still in....1 in HS. Enjoy the journey as stressful as it can be. Totally agree with you. Only thing is Northwestern doesn’t have an undergrad business school and she does not like math so Econ may not work for her. I don’t want to pay 350-400k post tax dollars for a liberal arts degree t...
by am
Tue Jul 12, 2022 6:15 pm
Forum: Personal Consumer Issues
Topic: College application question for child (econ top private vs business state school)
Replies: 102
Views: 8473

Re: College application question for child (econ top private vs business state school)

What an interesting question. On the one hand, you appear to have a lot of money and the tuition isn’t a big deal to you and I believe education is one of those things in life you should never be cheap about. On the other hand, you mention she can’t hack being a banker or thrive in a competitive environment. So what’s the point of even going to a top college if she will just wilt under the pressure. Based on your descriptions, a state school with a decent business program is your best bet since she doesn’t like competitive environments and isn’t interested in getting a top paying job. Also, northwestern is a tough school to get into so don’t count your chickens… The decision to apply early to northwestern is a binding commitment. I know it...
by am
Tue Jul 12, 2022 6:13 pm
Forum: Personal Consumer Issues
Topic: College application question for child (econ top private vs business state school)
Replies: 102
Views: 8473

Re: College application question for child (econ top private vs business state school)

Our child is applying to colleges for the upcoming year. She has an interest in business- marketing and entrepreneurship. We are confused because some colleges she is applying for do not have business schools. She was considering applying to Northwestern early decision. However, Northwestern has no business school for undergrads. An econ major may work for her goals at this school. If she does not like it, there is no relevant major to switch to. She does not like math much. We are not sure if paying 85-90k/per year for Northwestern (no chance of aid) is worth it versus state school or private regional school which has a business school and is half the price? Will her experience and outcome necessarily be better versus good state school or...
by am
Tue Jul 12, 2022 4:31 pm
Forum: Personal Consumer Issues
Topic: College application question for child (econ top private vs business state school)
Replies: 102
Views: 8473

College application question for child (econ top private vs business state school)

Our child is applying to colleges for the upcoming year. She has an interest in business- marketing and entrepreneurship. We are confused because some colleges she is applying for do not have business schools. She was considering applying to Northwestern early decision. However, Northwestern has no business school for undergrads. An econ major may work for her goals at this school. If she does not like it, there is no relevant major to switch to. She does not like math much. We are not sure if paying 85-90k/per year for Northwestern (no chance of aid) is worth it versus state school or private regional school which has a business school and is half the price? Will her experience and outcome necessarily be better versus good state school or ...
by am
Sun Jul 10, 2022 7:58 am
Forum: Investing - Theory, News & General
Topic: in shock over loss of money in 403(b)
Replies: 131
Views: 16867

Re: in shock over loss of money in 403(b)

firebirdparts wrote: Sun Jul 10, 2022 7:57 am I didn't have any money in 1987, so I am like Annette, but I have always wondered why people thought that was such a big deal. I mean in hindsight. It was nothing. I guess we did experience something we knew would happen with machine trading, but nobody wanted to address it until after the fact. It mustn't have been much of a surprise to the people who programmed those computers anyway.
In real time, these events are more terrifying because we dont know what will happen
by am
Sun Jul 10, 2022 6:59 am
Forum: Investing - Theory, News & General
Topic: Is International underperformance mainly due to strengthening dollar?
Replies: 42
Views: 5156

Re: Is International underperformance mainly due to strengthening dollar?

Next decade may be different. All the asset classes cycle.
by am
Thu Jul 07, 2022 8:20 am
Forum: Personal Investments
Topic: M1 Finance, good choice for consolidating investments?
Replies: 28
Views: 4749

Re: M1 Finance, good choice for consolidating investments?

Where I come from, pies are something you try to avoid stepping in for your whole life. This…. At M1 I was terrified that I was one accidental rebalance click away from triggering 6 digit capital gains. If you know how to use a brokerage account, it’s very frustrating to figure out how to enter a single buy/ sell order at M1… I don’t think they even do limit orders, so you get scalped in the trade window (no big deal if you don’t trade frequently) (I wonder what kind of long term drag is created by frequent rebalancing being scalped) In fairness, M1 has done some nice innovation, and if you want to auto rebalance nontaxable accounts it seems like a nice way to do that I find the platform clunky and limiting. I find fidelity much better.
by am
Thu Jul 07, 2022 8:13 am
Forum: Personal Investments
Topic: M1 - Poor Pricing on Trades?
Replies: 11
Views: 1593

Re: M1 - Poor Pricing on Trades?

I have used this platform for three years and do not like that you can’t reinvest dividends and that trading is done during one window in the morning with the free plan. I also think their platform is kind of non intuitive and tough to use with the slices when you have many. I’m switching out of it and consolidating at fidelity. You can reinvest dividends automatically. It isn't back to the individual issuer but into pie slices which is a form of automatic rebalancing. I don’t like that for my purposes. I’ve asked m1 repeatedly to reinvest dividends to original issuer with no response. I have 50 slices of individual stocks and etfs (fun account) and don’t want apple and Microsoft dividends going into a company near bankruptcy.
by am
Mon Jul 04, 2022 9:07 pm
Forum: Personal Investments
Topic: M1 - Poor Pricing on Trades?
Replies: 11
Views: 1593

Re: M1 - Poor Pricing on Trades?

I have used this platform for three years and do not like that you can’t reinvest dividends and that trading is done during one window in the morning with the free plan. I also think their platform is kind of non intuitive and tough to use with the slices when you have many. I’m switching out of it and consolidating at fidelity.
by am
Sat Jun 25, 2022 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Any doctors out there renegotiating their contracts?
Replies: 16
Views: 3044

Re: Any doctors out there renegotiating their contracts?

reimann wrote: Sat Jun 25, 2022 6:32 am With inflation being what it is I was wondering if any employed doctors are renegotiating their contracts with hospital systems? My two year contract is going to expire this fall and I was going to ask for a raise.
As an employed doctor, your pay is mainly determined by the job market for similar specialists. Reimbursements are dropping not being adjusted for inflation over the years. I don’t think the administrators at your hospital care that your losing purchasing power because of inflation. They think your already making too much,
by am
Sat Jun 18, 2022 11:28 am
Forum: Investing - Theory, News & General
Topic: This might be a good time to go back to 2008
Replies: 22
Views: 4717

Re: This might be a good time to go back to 2008

Seems hopeless right now as in all the bear markets. How will things ever work themselves out?

Is this the one like Japan 1989, or is this the late 60s where we won’t get out until the early 80s?

Getting older and might not have the time to wait it out? Markets time frame may not be concordant with mine.

But I know the market will rally hard at the first sign of good news or conditions being less bad then expected.

We make our best money during these times when stocks are on sale. Hurts to put money in every 2 weeks but I know it’s good for me.

:sharebeer