Search found 1214 matches

by Tanelorn
Tue Jul 25, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Investment Risk Question - Interactive Brokers
Replies: 20
Views: 2058

Re: Investment Risk Question - Interactive Brokers

Additionally, IB has 3 billion excess capital compared to capital required by regulations. Any loss will be first absorbed by this capital cushion. IB CEO recently said his goal is to increase firm capital to 10 billion or so rather than increasing company's dividends. Obviously there is risk inher...
by Tanelorn
Sun Jul 23, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: How leveraged should your US market investments have been?
Replies: 16
Views: 1536

Re: How leveraged should your US market investments have been?

As the Nobel Prize winners at LTCM found out. Even if your theory is right, if you use leverage, the markets can stay irrational longer than you can stay solvent. Limit you leverage and keep plenty of reserves. Nerves of steel won't prevent margin calls when the market moves against you. You also h...
by Tanelorn
Sun Jul 23, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: Should I lend securities (IB)
Replies: 25
Views: 6108

Re: Should I lend securities (IB)

Thank you very much. I was looking for some experience at how efficient IB is at getting back shares before dividends. If they are only 60% efficient (40% of the time you get PIL) then it's definitely not worth it if you hold any qualified dividend stocks in your portfolio. IB could get around some...
by Tanelorn
Sat Jul 22, 2017 10:02 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

I know many of you have had your ups and downs in the market and I wanted to give you a way to visualize that. After some tweaking, the spreadsheet now includes a link to the performance of each fund's basket of stocks and their YTD performance compared to the S&P. If you click on the name of th...
by Tanelorn
Sat Jul 22, 2017 9:49 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

Middle Branch Multiflora Rose Capital Thorn Fund The market goes up, the market goes down, but Rosa Multiflora grows on. Trust The Bramble® LONG UTX - United Technologies Corp JEC - Jacobs Engineering Corp GD - General Dynamics SHORT RHT - Red Hat Software SCAI - Surgical Care Affiliates As a belat...
by Tanelorn
Sat Jul 22, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

Tanelorn, please sell my position in SRPT as of closing price today 7/20. Commonwealth of Buckaroo Dough Holdings has bounced in and out of the top ten and wants to stay there this time. I'm risking that it might tank by the end of the day, but this is a very risky hedge fund causing share holders ...
by Tanelorn
Sat Jul 22, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: How leveraged should your US market investments have been?
Replies: 16
Views: 1536

Re: How leveraged should your US market investments have been?

It compares various leveraged and unleveraged portfolios of the stock market index over a 100+ years of historical data. In particular, more leverage is not always better even when you know the market has / will go up. 4x leverage goes bust in the 1929 crash, but 3x leverage does worse than 2x lever...
by Tanelorn
Wed Jul 19, 2017 7:24 pm
Forum: Investing - Theory, News & General
Topic: Complex (profitable?) Roth Conversion Strategy
Replies: 23
Views: 1692

Re: Complex (profitable?) Roth Conversion Strategy

Thanks for putting together some interesting ideas.
by Tanelorn
Wed Jul 19, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

Based on the Chipotle news and for Sears' inability to correctly fail as a business, I hereby exercise my right to limit redemptions from my investors. I shall release you on January 1st, should you still with to sell. I agree. Gates and lockups are an important way to protect investors from their ...
by Tanelorn
Sun Jul 16, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

A quick shout out to stickman731 and his Sticky Wonder Fund. This week, he broke into the top ranks at 4th place and a current annual performance of 25%. That 25% average however belies considerable underlying variance among his portfolio of 3 long and 2 short picks. In fact, he is only up on 2 of h...
by Tanelorn
Wed Jul 12, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

Billionaire Yacht Fund Ticker MYG My Yacht Guaranteed Long: SUPN, IPXL, BREW Short: SHLD, WINS, ARIA A quick note that ARIA has been bought out in a merger for $24 in cash. https://www.takeda.com/newsroom/newsreleases/2017/Takeda-Completes-Acquisition-of-ARIAD-Pharmaceuticals-Inc/ The price had err...
by Tanelorn
Mon Jul 10, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: ETF - open secret - cap gains tax loophole
Replies: 74
Views: 5753

Re: ETF - open secret - cap gains tax loophole

Thesaints wrote:ETF's do not distribute capital gains.

Incorrect.

http://news.morningstar.com/articlenet/ ... ?id=268269
Particularly standing out was Rydex Inverse 2x S&P Select Sector Energy (REC), which paid out a short-term capital gains distribution equal to about 74% of the fund's NAV.
by Tanelorn
Mon Jul 10, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: ETF - open secret - cap gains tax loophole
Replies: 74
Views: 5753

Re: ETF - open secret - cap gains tax loophole

(2) The article discusses the uses of ETFs for executing tax fraud/evasion (using S&P500 index funds from different providers while relying on the IRS being asleep and never noticing and arguing that these are substantially identical securities)... did I miss a PLR from the IRS or is this your ...
by Tanelorn
Sat Jul 08, 2017 9:13 pm
Forum: Personal Consumer Issues
Topic: Excel 2010 and Windows 7 -- Where to go from here?
Replies: 39
Views: 2800

Re: Excel 2010 and Windows 7 -- Where to go from here?

Run a VM for the old Windows and Excel. You can disable internet inside the VM, which should address most of the security issues.
by Tanelorn
Thu Jul 06, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Good Reads
Replies: 6
Views: 686

Re: Good Reads

Here's the 6th very long thread about what people are currently reading and recommending.

viewtopic.php?f=11&t=147398
by Tanelorn
Thu Jul 06, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 5116

Re: What are your health insurance stats?

I don't think the HMO restriction is a big deal prior to age 65... There is this thing called " open enrollment " once a year where you can switch to a PPO with OON access so you don't get stuck with crummy HMO specialty doctors. You say that like there are PPO options available in your a...
by Tanelorn
Wed Jul 05, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 1958

Re: Preferred Stock

I have a statement dated 10/31/16 and the YTD gross dividends were $312.90 on 42 shares. According to my layman's calculations that looks like about 2.26% (as stated earlier) on $330/share. Would that be correct? Their semiannual dividend has been increasing, but it's around $7.70/share/year. For t...
by Tanelorn
Wed Jul 05, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 1958

Re: Preferred Stock

I don't know what the US listed bank sector is trading at, Price to Book, but an offer around Book Value should be entertained. In your shoes I would snap their hands off if they offered a premium to book or even book value. Agreed. Complication: 2 classes of shares. I am assuming the stock price i...
by Tanelorn
Tue Jul 04, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 1958

Re: Preferred Stock

Otherwise it is unfortunately a fairly illiquid security as above poster mentioned. By illiquid do you mean no broker would sell it or do you mean they would list it and just wait for a buyer? I don't know how likely it is someone at the bank will offer a good price, but they might offer an accepta...
by Tanelorn
Mon Jul 03, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: High Income, High Debt, Low Life Expectancy
Replies: 21
Views: 4567

Re: High Income, High Debt, Low Life Expectancy

I would pay no more than the minimum on your student debt in light of your health situation. Paying down your mortgage seems like a reasonable savings goal in place of your loan debt, or you could invest in additional index funds. For your index funds, I agree that some more intermediate stock alloc...
by Tanelorn
Mon Jul 03, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 1958

Re: Preferred Stock

Can you give the bank or ticker symbol? NEFB Neffs Bank I thought it might be Neffs. The ticker for the preferred is NEFBP and I think from your description that this is one you have, rather than the common stock (which is NEFB). NEFBP last traded at $275 four months ago but just a handful of share...
by Tanelorn
Mon Jul 03, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Preferred Stock
Replies: 35
Views: 1958

Re: Preferred Stock

OTC Latest close: $340.00 52 week range: $287.00 - $351.00 Yield: 2.26% I can provide the ticker symbol and bank name if needed. Can you give the bank or ticker symbol? Most preferred stocks, especially ones of smaller companies that might trade OTC, would typically pay a much higher yield than 2.2...
by Tanelorn
Sun Jul 02, 2017 11:36 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

Here are the standings as of the end of the second quarter: 1. Better Lucky Than Good, Tanelorn 90.45% 2. The Unpresidented Opportunity Fund, jdb 30.72% 3. Snotty's Slice O' Pie, snottypie 26.56% 4. CRAZY DONKEY HEDGEPIE, McGilicutty 25.99% 5. Charge My Car Fund, inbox788 20.57% The rankings haven't...
by Tanelorn
Wed Jun 28, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4027

Re: Looking into selling a structured settlement and need some advice

... Do you think OP, who may have won a legal settlement from [a tortfeasor who paid the settlement via purchasing an annuity from] an insurance company, is a "policy holder"? ... FTFY. And, in my experience, yes. The likely scenario is the OP won the settlement from a company whose risk ...
by Tanelorn
Wed Jun 28, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4027

Re: Looking into selling a structured settlement and need some advice

Bankrupt perhaps but where the policyholder lost? Far and few, very few indeed. Otherwise no one would have confidence in purchasing all sorts of insurance policies, failure to pay valid claims? Just does not happen. Do you think OP, who may have won a legal settlement from an insurance company, is...
by Tanelorn
Tue Jun 27, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: A large, intentional overcontribution to a Roth IRA
Replies: 3
Views: 458

Re: A large, intentional overcontribution to a Roth IRA

I think any gains while the excess contribution is invested will be proportionally allocated and need to be withdrawn as well (and will be taxable). Other than generating a lot of paperwork and tax complexity, I think it should work although I'm not a big enough fan of that fund to go to all that tr...
by Tanelorn
Tue Jun 27, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4027

Re: Looking into selling a structured settlement and need some advice

Could you cite a few examples of billion dollar insurance companies have failed and policyholders suffered as a result? I don't know how big they were, but here are several insurance company defaults where investors in the company's "guaranteed" investment products got about $0.70 on thei...
by Tanelorn
Tue Jun 27, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4027

Re: Looking into selling a structured settlement and need some advice

I guess just to be a dissenting opinion, I don't think the upfront offer is unreasonable. You are still facing credit risk of the entity making the payments staying solvent for maybe 70+ years and you are facing inflation risk for 70+ years hoping it stays close to 3% or so. Also if you keep the se...
by Tanelorn
Tue Jun 27, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

" In the past week, it skyrocketed again from from $20 to $205 in the space of just a few days on huge trading volume, at which point it was halted by Nasdaq pending further information from the company. It remains halted for several days now, and for background, these can go on for weeks or e...
by Tanelorn
Mon Jun 26, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

honduranhurricane wrote:Can we take my short off of WFM,,,ouch!

Done at today's closing price of $42.69.
by Tanelorn
Fri Jun 23, 2017 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Health Coverage - COBRA & ACA
Replies: 16
Views: 779

Re: Health Coverage - COBRA & ACA

Any partial coverage month counts, so you have no gap. Up to 2 months completely uncovered is exempt from penalties.

https://www.healthcare.gov/exemptions-t ... /short-gap
by Tanelorn
Sun Jun 18, 2017 2:10 am
Forum: Personal Finance (Not Investing)
Topic: In-network only health insurance
Replies: 17
Views: 1527

Re: In-network only health insurance

With either plan we would never intentionally go out of network... My big concern is whether saving the $1200/year puts us at too great a risk of being on the hook for out of network care that would bankrupt us. 4) All things considered, would you pay the $1200/year extra to know that the most you'...
by Tanelorn
Sat Jun 17, 2017 8:13 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 83
Views: 11052

Re: Bitcoin: The worst investment in 2014

This is not the equivalent of a bearer bond. No one pays me to hold it (i.e. interest coupon on a bond, plus redemption amount). Well, that's not so different than most bonds these days. In other words, the price of Bitcoin is inflated because interest rates are low? That's actually the implication...
by Tanelorn
Fri Jun 16, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: In-network only health insurance
Replies: 17
Views: 1527

Re: In-network only health insurance

If your state does not prohibit balance billing (very few do), the out of network OOP maximum may not be your maximum liability. If not prohibited, your effective out of pocket maximum may be unlimited for out of network coverage. This is the main risk to check. The deductibles, copays, and OOP max...
by Tanelorn
Wed Jun 14, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Genetic testing and insurance
Replies: 18
Views: 1767

Re: Genetic testing and insurance

Digital privacy policies are almost worthless - even if some company promises not to sell your data to the insurance companies on the side, when they go bust, the insurance companies could buy it as an asset in bankruptcy. If you're afraid of what a test might mean for your insurance eligibility, ge...
by Tanelorn
Wed Jun 14, 2017 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 5255

Re: Curious to odd estate question

A SPIA just delays the problem - turning into one of those Brewster's Millions scenarios. If you have enough money to worry about this and not just leave a house full of mostly junk, the money from the SPIA will pile up since you're trying not to give it away or spend it on stuff that will be taken ...
by Tanelorn
Wed Jun 14, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 5255

Re: Curious to odd estate question

Personally I like the treasure chest idea, and you could do a complicated scavenger hunt with clues along with it. Doing it while you're still alive could be fun. But in general, financial assets like stocks, bonds, cash, even Bitcoins or gold can't have their value destroyed. You can destroy the ph...
by Tanelorn
Wed Jun 14, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 5255

Re: Curious to odd estate question

Buy Bitcoins and throw away the key.
by Tanelorn
Mon Jun 12, 2017 5:02 am
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 207
Views: 20834

Re: 2017 hedge fund contest

The last two weeks have produced quite a few shakeups. It's never a dull moment for hedge funds and individual stock pickers. Firstly, jdb 's Unpresidented Opportunity fund took 2nd place, up from his debut in the top ranks at 3rd a few weeks back. His investors are now up 32%, and that's in spite o...
by Tanelorn
Sun Jun 11, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 83
Views: 11052

Re: Bitcoin: The worst investment in 2014

This is not the equivalent of a bearer bond. No one pays me to hold it (i.e. interest coupon on a bond, plus redemption amount). Well, that's not so different than most bonds these days. When it comes to a "store of value", a lot of things depend on perspective. The price in dollars of go...
by Tanelorn
Sun Jun 11, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: How much is the maximum can we pay for minor?
Replies: 6
Views: 1198

Re: How much is the maximum can we pay for minor?

If you pay your kids, they have to file their own income tax forms. For earned income, they will get a standard deduction of $4-5k, so if they earn less than that, they will not owe taxes. Investment income is taxed much sooner and at higher rates ("kiddie tax" rules), but that's for them ...
by Tanelorn
Thu Jun 08, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: My broker service allows investing by fraction shares, any issues with this?
Replies: 3
Views: 349

Re: My broker service allows investing by fraction shares, any issues with this?

What did your broker say when you asked them? On the bright side, unless you're buying fractional shares of Berkshire-A, an expensive stock or ETF might be $100-200, maybe up to at most $1000 for Google or Amazon. So whatever very unlikely problems might apply, if any, would only apply to a relative...
by Tanelorn
Tue Jun 06, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 83
Views: 11052

Re: Bitcoin: The worst investment in 2014

...There are people today in Venezuela’s hyperinflation economy who are surviving and eating just because they have bitcoin... Evidence, please. The government there is giving out free power despite having wrecked their economy, currency, and run out of basic food and medical supplies. The computer...
by Tanelorn
Sun Jun 04, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: "Beware Fake Stock News"
Replies: 15
Views: 2234

Re: "Beware Fake Stock News"

IMO, another good reason to stick to the larger indices like the 500. Ah the S&P 500 - for those who only want the best. Or perhaps in this case, only the best attempts at covering up corporate problems before blowing up. Give me the Enrons, Lehmans, and Worldcoms (all S&P500 members at the...
by Tanelorn
Sun Jun 04, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: "Beware Fake Stock News"
Replies: 15
Views: 2234

Re: "Beware Fake Stock News"

I did a search but couldn't find the list. Anybody know which companies? There are over a billion websites as far as I know. Lots of opinions, lots of false information. Here are some of those specifically mentioned - CYTR, LBIO, GALE, IMUC. http://www.bioworld.com/content/sec-takes-strong-action-b...
by Tanelorn
Sat Jun 03, 2017 11:41 pm
Forum: Investing - Theory, News & General
Topic: "Why Your Investment Strategy Should Fit on an Index Card"
Replies: 17
Views: 3270

Re: "Why Your Investment Strategy Should Fit on an Index Card"

Buy low, sell high (Short high, cover low?)
Costs matter
Diversify and rebalance to control risk
Only invest in what you understand well

You might run a better than average hedge fund following simple rules.
by Tanelorn
Thu Jun 01, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: SPY is a Unit Investment Trust
Replies: 26
Views: 1694

Re: SPY is a Unit Investment Trust

Do you know why the second condition for termination was added to the trust? And why it would be removed, given the initial interest in including it. I understand extending the lifetime of the trust given its popularity, but the death of 11 random individuals is...bizarre? I don't, but maybe some t...
by Tanelorn
Thu Jun 01, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: SPY is a Unit Investment Trust
Replies: 26
Views: 1694

Re: SPY is a Unit Investment Trust

I don't think I can think of an ETF less likely to liquidate than SPY. There is absolutely nothing to worry about here - just lawyers being paid by the word to enumerate every possible risk for the SEC. http://www.etf.com/sections/features-and-news/15-most-important-etfs?nopaging=1 SPY is also the l...
by Tanelorn
Thu Jun 01, 2017 10:48 am
Forum: Investing - Theory, News & General
Topic: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?
Replies: 52
Views: 3685

Re: CryptoCurrency ETF or Buy Bitcoin/Crypto Direct?

GBTC trades millions of dollars a day in volume, and spreads seem to be a very reasonable 0.1% or so ($0.50 on a $500 stock). It's shortable too, although probably not at Vanguard (and probably not a good idea either).

http://www.otcmarkets.com/stock/Gbtc/quote/
by Tanelorn
Wed May 31, 2017 7:17 am
Forum: Investing - Theory, News & General
Topic: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accounts."
Replies: 28
Views: 2829

Re: "Effective July 20, 2017, Vanguard will impose a $10 wire fee on outgoing wire redemptions from nonretirement accoun

Wires take a few hours, ACH can take a few days. Many brokers offer free wires to better customers, ala Voyager or whatever status levels. Perhaps Vanguard would consider that.

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