Search found 105 matches

by Iridium
Tue Dec 05, 2017 11:31 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19503

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

A global ledger is not scalable. What is the theoretical basis for any claim that there cannot be any possible design for a scalable global ledger? A single global ledger that keeps track of all transactions for all time will grow linearly with the number of transactions and will grow unbounded as ...
by Iridium
Mon Dec 04, 2017 3:23 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance when assets mainly in trusts
Replies: 34
Views: 1649

Re: Umbrella insurance when assets mainly in trusts

Is this a personal umbrella or a professional umbrella? Can't speak to professional. I would strongly recommend at least a $2MM personal umbrella. Not only do you have $700K of unprotected assets, you also have quite a bit of income (which is expected to rise even further), which I would call equiva...
by Iridium
Fri Dec 01, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 7737

Re: The College Bubble - investment opportunities after the collapse?

<Snip> When employers and potential mates hear that you went to XYZ Prestigious University with its 10% acceptance rate, I think that's worth something. It signals to the rest of society (accurately or not) that you're smart and accomplished. Companies go to those campuses to recruit. When anyone c...
by Iridium
Thu Nov 30, 2017 3:39 am
Forum: Investing - Theory, News & General
Topic: What can we learn from BitCoin’s surge?
Replies: 37
Views: 3144

Re: What can we learn from BitCoin’s surge?

<Snip> For example: In early 2016, I was noticing that precious metals were really getting hit hard. In particular, an ETF called PICK was down almost 70% after 2 years. I thought it would be interesting to buy a good amount of shares of this, and hold it for several years expecting it would climb ...
by Iridium
Wed Nov 29, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 116
Views: 18843

Re: Bitcoin: What is it, in Plain English

<Snip> The easy answer without doing any research, getting some Bitcoin, making some transactions was to call it a tulip and a ponzi scheme. A lot of people here have been calling it a bubble all the way from $8 to $11,000 . I wonder if people will keep saying this if it goes to $50K or $100K? What...
by Iridium
Wed Nov 29, 2017 11:32 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17886

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

<snip> One thing I am realizing is that the real money makers in all of this are the players like Coinbase. Their transaction fees are surely making them rich. It makes me super happy that I have eliminated all transaction fees with my retirement accounts by going through Vanguard. I am not sure if...
by Iridium
Wed Nov 29, 2017 2:11 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17886

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Bit coin is a form of money. It is odd that people are buying and holding money. The bitcoin miners and developers have managed to muck up the scalability so badly (the existing protocol can only process ~300,000 transactions/day) that even though digital cash was their original claim to fame, I th...
by Iridium
Mon Nov 27, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Growing Number of Electric Vehicles
Replies: 112
Views: 8341

Re: Growing Number of Electric Vehicles

Aren't coal plants getting decommissioned these days? If electricity demand jumps, it would seem that utilities could defer those decommissionings while figuring out how to get more power supply online, as the plants are being closed down due to economics rather than age. I think rooftop solar is a ...
by Iridium
Mon Nov 27, 2017 1:24 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella UM/UIM
Replies: 8
Views: 1918

Re: Umbrella UM/UIM

How does health insurance play into these scenarios where the UM/UMI coverage is exceeded on your auto policy? Would it be just an extremely unlikely event where you would exceed this coverage and then health insurance did not cover the excess? Generally (and I have no doubt others will be by to po...
by Iridium
Fri Nov 24, 2017 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Job Downsizing Question, HELP!
Replies: 18
Views: 1481

Re: Job Downsizing Question, HELP!

(snip) If they are demoting me (not their words, but I don't know what else you would call it), should I not be able to ask for the severance package others in my department who's full job was eliminated received? Maybe I'm looking at this wrong, but in my eyes my position was eliminated it no long...
by Iridium
Wed Nov 22, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 1620

Re: Playing the Car Insurance Deductible Game

I hear you on the extended warranties - especially if you buy them from the dealer. But I feel like Geico's mechanical breakdown deal is pretty phenomenal (as far as insurance goes). About $150/year to cover all major systems on your (new) car.... Given that the car would still be under bumper to b...
by Iridium
Fri Nov 17, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: As we gear up for the predictions season, a look back on how they fared for 2017 so far
Replies: 19
Views: 2293

Re: As we gear up for the predictions season, a look back on how they fared for 2017 so far

Still plenty of time for these predictions to be correct :twisted:

Just out of curiosity, how did you compile your list of predictions?
by Iridium
Thu Nov 16, 2017 3:54 am
Forum: Personal Finance (Not Investing)
Topic: question for cpa? state income tax when living / moving back and forth in CA and WA?
Replies: 17
Views: 1278

Re: question for cpa? state income tax when living / moving back and forth in CA and WA?

<snip> In late June 2017 I bought a townhouse in CA and started living there instead of crashing at other people's homes. I was in CA Mon-Fri about 1/2 of the month and the other half I was in WA or traveling to other states and countries for work. <snip> Would I file as a part time resident of CA ...
by Iridium
Thu Nov 16, 2017 2:26 am
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 4980

Re: Chain of command

I was not born here but I'm a newly minted US citizen. :beer Found the car transaction hidden in some prepaid accounts in the ledger. Occurred in Feb'17 and I just found it last week. This is mostly what bothers me and not the car. He could give her a moose I won't care when it's properly approved ...
by Iridium
Wed Nov 15, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: early retirement, attending university, funded by 529
Replies: 3
Views: 446

Re: early retirement, attending university, funded by 529

How close are you to retirement and does your state give you deductions for contributing? My intuition is that the 529 adds additional complication for not a huge amount of benefit, in your case. Remember you have to actually get admitted to the university and it is going to be clear as day to any a...
by Iridium
Tue Nov 14, 2017 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice regarding employment contract housing subsidy
Replies: 1
Views: 208

Re: Seeking advice regarding employment contract housing subsidy

From your description, it sounds like the housing allowance will be taxable, so there really is not any tax reason to prefer one over the other. In addition, the company is unlikely to be stupid; I doubt you could trick the company into giving you a larger raise by insisting on a combined salary. I ...
by Iridium
Mon Nov 13, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: ques - stock limit order
Replies: 4
Views: 495

Re: ques - stock limit order

Does this make sense? I have no idea if you can set limit outside Computershare. Pretty much every broker will allow you to set limit orders. I do not consider Computershare to be a real broker. No investor ever chooses them. Companies choose them to 1) keep track of who owns shares and process req...
by Iridium
Fri Nov 10, 2017 2:31 am
Forum: Investing - Help with Personal Investments
Topic: Any red flags all stocks no bonds...
Replies: 64
Views: 2860

Re: Any red flags all stocks no bonds...

I think so, even though I have never gone through that before. I feel better knowing I have the pension. If the main threat is my emotional response to a bear market then I like my plan of all stocks at this time. From a pure investment perspective, pension can replace bonds in a portfolio. From an...
by Iridium
Fri Nov 10, 2017 2:12 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3373

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

With bitcoin / cryptocurrencies reaching a 65B market cap and the World Market cap being 210 Trillion, Would it be considered "Wise" / "Bogleheaded" to go ahead and allocate .3% of ones portfolio to crypto since they are not represented in the total market index? No more no less. This isn't some ar...
by Iridium
Mon Nov 06, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9868

Re: Disposable income... how?

The 33% I am putting away in not enough! Id save more but my wife needs a little fun money. A few others have pointed this out, but feeling that 33% savings rate is insufficient is unusual, even among Bogleheads. At 1 x salary invested and some debt, you might be slightly behind the ideal for your ...
by Iridium
Tue Oct 31, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Margin balances
Replies: 4
Views: 441

Re: Margin balances

<Snip>Now as I fund the account going forward I expect that the margin balance to approach Zero. However I am confused as why every time i fund the account the funds available to purchase securities also increases. I thought that once the margin balance reaches zero and i am no longer borrowing mon...
by Iridium
Sun Oct 29, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: What is the point of an ETF version of a total stock index fund?
Replies: 15
Views: 1101

Re: What is the point of an ETF version of a total stock index fund?

1. Access - With funds, brokers work with each fund sponsor directly. Whereas ETFs are transacted through exchanges that the broker already has a relationship with. As a result, an ETF is automatically available through every broker at the low 'stock trade' commission, while funds have to have agree...
by Iridium
Fri Oct 27, 2017 1:34 am
Forum: Investing - Theory, News & General
Topic: A bit more on Tontines
Replies: 10
Views: 2358

Re: A bit more on Tontines

It also seems to make sense that you could anonymize the tontines with a big enough pool. Then you securitize them, sell them to banks, and it's just like mortgages. Ok, we know where that story ended, but still a cool idea. 8-) I know you are saying this as a joke, but it seems reasonable to me. I...
by Iridium
Tue Oct 24, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to skip the prices in an order book?
Replies: 7
Views: 1148

Re: Is it possible to skip the prices in an order book?

I have never thought about this stuff before, but I was interested, so I took a look at some of the rules. I am sure somebody will be by to correct some of my misconceptions. The displayed trade book would not include the 50 share order, as it is not big enough for display (orders are generally disp...
by Iridium
Tue Oct 24, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: Long term viability of Real Estate as an asset class
Replies: 38
Views: 3393

Re: Long term viability of Real Estate as an asset class

However with innovation and technology in retail and even in transportation (driver less cars), there is a general prediction that a lot of retail space will be freed up in the future. With driver less cars and on demand transportation apparently the roads could be narrower and there is less need f...
by Iridium
Mon Oct 23, 2017 2:39 pm
Forum: Personal Consumer Issues
Topic: What can I do? was given wrong price on insurance and now told I can’t cancel.
Replies: 13
Views: 1283

Re: What should I do? was given wrong price on insurance am now told it’s not csncelable.

Rai, this is all I see.
rai wrote:
Mon Oct 23, 2017 2:33 pm
I have a
It looks like your post was garbled. Try editing your post or adding a reply to put in the missing text.
by Iridium
Wed Oct 04, 2017 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 2090

Re: Add to 529 to Keep Funding Retirement?

I know BND ER is 0.05% versus VTEB 0.09%. My main reason for going with VTEB was "tax exempt' but given these are in IRAs anyway the impact may not be high enough to justify a 0.04% ER increase. The expense ratio difference is minuscule. The problem with keeping tax exempt bonds in an IRA is that t...
by Iridium
Mon Oct 02, 2017 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 2524

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

Remember that any free money management service is just bait. Eventually, it will not be free and there will likely be account closing fees if you want to move your account manage it for free yourself. This does not mean you should not do it. Just don't get caught thinking that "free" does not have...
by Iridium
Sat Sep 23, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: No down payment for home purchase: what is worst-case scenario?
Replies: 39
Views: 2441

Re: No down payment for home purchase: what is worst-case scenario?

Doesn't PMI have to be paid for the life of the mortgage on a conventional loan if 20% isn't put down? No, why would you think that? You have to continue paying PMI on FHA loans for the life of the loan, if you didn't put down 10% (11 years if you put down 10-20%). For all of the traditional loans ...
by Iridium
Fri Sep 22, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Investing in Foreign Currency
Replies: 5
Views: 463

Re: Foreign Investing in Foreign Currency

Hi All, Perhaps one of you might be able to help. I looked briefly at Bogleheads topics but haven't came across something to what I am asking. Yes, there are forums on foreign currency but more like owning foreign currency not investing in foreign currency. Basically I am trying to open up an accou...
by Iridium
Sat Sep 16, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17284

Re: Who has needed to use their umbrella insurance?

Let's say that you are single and make $100k, but don't have much in the way of assets outside of your 401k, IRA, and home equity (i.e. not much in taxable). Let's say you don't have umbrella insurance and are in an auto accident where you are at fault and the other party either dies or is permanen...
by Iridium
Sat Sep 16, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17284

Re: Who has needed to use their umbrella insurance?

<snip> If we ever need to use umbrella insurance it will be one bad day, week and most likely a horrible year. I do not believe it to be be a comprehensive law suit insurance. I expect the insurance company to be adversarial and not be be out for my best interests and I probably hire my own lawyer....
by Iridium
Sat Sep 16, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Finance Protection Bureau- Effectiveness?
Replies: 6
Views: 674

Re: Consumer Finance Protection Bureau- Effectiveness?

I have not used the CFPB, although they once sent me a check for about $7 thanks to some class action they settled. That being said, I just want to double-check that calling the bank didn't help. If you have had an account with them for a while without complaints, I'm actually pretty surprised that ...
by Iridium
Sat Sep 16, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 35
Views: 5443

Re: Equifax Credit Freeze 100% online

Mine went through on the first try. My wife's took two tries. Is the Transunion "lock" as good as a freeze? Their website is pushing the lock option and seems to almost be trying to scare you away from the freeze. Call me cynical, but it struck me as "me thinks thou doth protest too much." I don't ...
by Iridium
Wed Aug 30, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2317

Re: [How can people avoid the estate tax?]

There don't seem to be any trivial ways other than to spend down the estate to under the limit? In places like WA with the 2M limit especially. Step 1: Talk to a lawyer based in WA to ensure that you and your spouse gets WA's $2.1M exemption EACH. Step 2: Give your heirs part of their inheritance e...
by Iridium
Sat Aug 12, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 854

Re: Car insurance for grandpa? liability risk or higher rate

2) ... that your FIL would have an absolute right to drive his own car, there is absolutely nothing that you could have done (short of a criminal action such as theft) to prevent any accident that may occur. I disagree. Driving is NOT a right. It is a privilege. It can be taken away by the state or...
by Iridium
Sat Aug 12, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 67
Views: 7213

Re: Free Reading

Other sources of 'free' reading material are organizations of which you are a member. Sometimes it would just mean getting an electronic copy of their magazine. Other times, it is a whole cornucopia of stuff. I am a member of a couple of professional societies, and have access to literally tens of t...
by Iridium
Sat Aug 12, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 854

Re: Car insurance for grandpa? liability risk or higher rate

Questions: 1) What is the risk in option 1 and is it worth the $100/month savings? 2) Does option 2 protect us from being liable in case of an accident? 3) Do I have to consider any tax implications of selling/giving him the car and/or paying for his insurance (which would be under a separate polic...
by Iridium
Sat Aug 05, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6555

Re: "Vanguard Puts Rival Firms On Notice: Fee Wars Will Only Heat Up"

When might expenses go to zero as a matter of standard practice in the industry? What will the average investor give up to get that cost? I always expect to pay for a service. If not monetary, you are paying in some other way. Exactly. Referencing other replies as well, I'm intrigued by why funds c...
by Iridium
Sun Jul 09, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with explanation in wiki on taxes
Replies: 29
Views: 2421

Re: Help with explanation in wiki on taxes

I was able to find the first part in the wiki: https://www.bogleheads.org/wiki/Traditional_versus_Roth and the second part: https://www.bogleheads.org/wiki/Marginal_tax_rate . To explain the first part: when people try to determine whether to go Traditional or Roth, one common misstep is to calculat...
by Iridium
Fri Jul 07, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Migrating Equities from Tax Deferred to Taxable
Replies: 27
Views: 1437

Re: Migrating Equities from Tax Deferred to Taxable

I am planning to migrate as many of my equity holdings as I can from my Tax-Deferred space to the Taxable space as I prepare for retirement while still maintaining my AA and keeping a 3 year Fixe Income buffer (10 years overall) in the Taxable space. What are the potential downsides to this strateg...
by Iridium
Thu Jul 06, 2017 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Married 10.98 Million Inheritance Tax Exclusion
Replies: 11
Views: 2258

Re: Married 10.98 Million Inheritance Tax Exclusion

On the estate tax return, there is an option to pass on all of the unused lifetime exemption to the spouse. It does not matter if your wife gets remarried. Think of it more like your wife 'inherits' your leftover lifetime exemption. I'm not positive, but I think if your wife was to survive two husba...
by Iridium
Tue Jul 04, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: When to leave a job?
Replies: 11
Views: 2138

Re: When to leave a job?

I wouldn't stay for the severance package. If you are getting one from a MegaCorp, it usually means that you have gotten laid off, along with several hundred other people. It is going to be a heck of a lot easier to get the job you want before you have dozens of your colleagues competing for the sam...
by Iridium
Tue Jul 04, 2017 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Ultra-Short-Term Bond Fund Admiral
Replies: 22
Views: 3812

Re: Vanguard Ultra-Short-Term Bond Fund Admiral

I own the investor version of that fund. I'm not entirely sure what causes the non-smooth dividends. However, getting out of the fund because of non-smooth dividends month-to-month would be a really strange reason to leave the fund. Dividends and capital gain distributions only matter at tax time. O...
by Iridium
Tue Jul 04, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4891

Re: Temporary Internal Promotion - Increased Compensation?

On the other hand, I don't want to be taken advantage of down the line. The thinking here is this person is not willing to speak up for themselves and request a fair compensation in return for additional responsibilities, so we'll offer nothing or very little if and when a permanent position comes ...
by Iridium
Mon Jun 26, 2017 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Grad Student Aid in UK/USA for non EU/USA Residents
Replies: 8
Views: 726

Re: Grad Student Aid in UK/USA for non EU/USA Residents

Your experience with Stanford is atypical (I'm not sure if it would have been more typical in its day). I believe that most/all of the top PhD programs these days will guarantee you a teaching or research assistant position from the first semester. From the university's perspective, a lot of the val...
by Iridium
Tue Jun 20, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 6457

Re: Alternatives to Amazon

Jeez, these are people just trying to make a buck. It's not entirely their fault customers don't like them. For example, my local mailman, Fedex and UPS drive know I have small children and never ring the doorbell because of the potential naps. The Amazon Flex people ring, bang on the storm door a ...
by Iridium
Mon Jun 19, 2017 11:57 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 6457

Re: Alternatives to Amazon

Recently we've noticed Amazon has started using an "uber-like" model for their deliveries with some scary looking individuals in their personal vehicles delivering packages to our front door without any identifiable markings, id's, signage, etc. This sure is alarming. I too will now be looking for ...
by Iridium
Wed Jun 14, 2017 3:04 am
Forum: Investing - Help with Personal Investments
Topic: JP Morgan Marked Linked CD
Replies: 21
Views: 1909

Re: JP Morgan Marked Linked CD

Hi all, I was looking at the The J.P. Morgan Efficiente Plus DS 5 Index Market Linked CD (EFPLUS5D). https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=8590c523-89bb-4b29-a096-542007bf87f3 Fee is .85% a year, if index return. Minimum interest: .25% Cumulative Index Return: On ea...
by Iridium
Sat May 27, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 1896

Re: Why are capital gains taxed lower than div/interest?

Money made from equity is taxed at lower rate than bonds and bank interest. Has this always been so? And, why is it so? Is there a philosophical, economic, and/or political basis? Bank and bond interest are deductible to the company, while dividends and reinvestment (one of the natural causes of ca...