Search found 128 matches

by alwayshedge
Sun Aug 20, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 87
Views: 4788

Re: What is Bitcoin?

What is the intrinsic value of gold? Isn't it just a shiny metal? I think the characteristics of gold give it some kind intrinsic value. Even if there was no economy, no civilization, no trade no money. If I was paleolithic hunter/gatherer and saw a gold nugget lying on the ground, I'm sure that I ...
by alwayshedge
Sun Aug 20, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 87
Views: 4788

Re: What is Bitcoin?

There are undoubtedly certain applications where a blockchain ledger has clear advantages that outweigh the disadvantages. Maybe some of those applications will change the world. Even if they do, that doesn't mean that any cryptocurrency will have any value, let alone that bitcoin will rule the wor...
by alwayshedge
Sun Aug 20, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: I own no international stocks. Can you guess why?
Replies: 114
Views: 5722

Re: I own no international stocks. Can you guess why?

Our globally oriented domestic corporations already provide enough diversification.
by alwayshedge
Tue Aug 15, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 121
Views: 7273

Re: Bitcoin

Here's what I've seen with the Bitcoin community to put it simply. People that don't understand it call it a scam/bubble/modern tulip mania/ponzi scheme and many other names. People that do understand it are incredibly passionate about it. People that claim to understand it but really don't are real...
by alwayshedge
Sat Aug 12, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Is Fidelity advocating digital currency investments?
Replies: 5
Views: 781

Is Fidelity advocating digital currency investments?

I noticed this today when I logged in. Coinbase is a digital currency brokerage and it appears they have some sort of partnership. Is Fidelity advocating investments into this? I would think that's a risk on their end considering how speculative these things are. https://thumb.ibb.co/kU8eev/Capture2...
by alwayshedge
Wed Jul 26, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 4497

Re: Are bitcoins nonsense?

My crystal ball tells me the value of bitcoin will very abruptly goto $0. I predict some time in the future there will either be another hack on a major exchange or some other very large public ransomware attack asking for bitcoins and the feds will step in and shut the whole thing down. The feds c...
by alwayshedge
Sat Jul 22, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 4937

Re: Do you find financial advisors to be all that bright?

I don't think it's fair to make this assumption. Every industry has it's bad actors. In the end, it's your responsibility to handle and appropriate your money as you see fit with whom you see fit. I have a good auto mechanic that is trustworthy, competent, and treats me well. Does the fact that ther...
by alwayshedge
Fri Jun 30, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1044

Re: Opinion on Vanguard Personal Advisor Service

I just signed up for the PAS. I spoke with my adviser earlier this week and we connected and had a productive call. He is working on my allocations as we speak and we have another appointment next week to discuss and finalize. I understand I can do this myself but I prefer the hands off approach. I ...
by alwayshedge
Sun Jun 25, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Leave a good boss for career advancement?
Replies: 12
Views: 1338

Leave a good boss for career advancement?

I've recently been presented with an opportunity to move up the ladder with my current employer. I'm excited but at the same time a little sad because I've developed such a strong work relationship with my current boss whom I've worked under for about 8 years. We are essentially the same personality...
by alwayshedge
Sat Jun 24, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: How does Fidelity makes money, if I own all Vanguard funds or ETFs
Replies: 56
Views: 4594

Re: How does Fidelity makes money, if I own all Vanguard funds or ETFs

Fidelity has you in the door. Now they just hope eventually you will turn towards a revenue generating product. This is why these brokerages always push their active trading platforms, options trading technology, financial advisors, ect ect. They figure eventually you will go to the dark side.
by alwayshedge
Sat Jun 10, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Jim Rogers predicting "crash of a lifetime" this year or next
Replies: 89
Views: 10805

Re: Jim Rogers predicting "crash of a lifetime" this year or next

What annoys me is that if a crash does occur, the media will portray Jimmy as a genius that was able to predict the next recession/crash. They never mention that he was wrong with the previous 10 predictions though. :oops:
by alwayshedge
Sat May 20, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Who's into Bitcoin, Altcoins, ICO etc?
Replies: 49
Views: 4080

Re: Who's into Bitcoin, Altcoins, ICO etc?

I bought a sizable amount of Ethereum in the $45 area. I recently sold it at $93 only to see the price rocket up to about $126 last time I looked. :oops: I guess you can't time these things just like our equity markets so I can't get too worked up over it.
by alwayshedge
Sun May 07, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: What if the market drops right after I invest? Now the market is at all-time high..
Replies: 27
Views: 2553

Re: What if the market drops right after I invest? Now the market is at all-time high..

Here's what I did that worked for me. 1. Make sure to have fully funded emergency fund 2. Create your allocation 3. Automate your contributions, purchases. Do this conservatively so you won't have to adjust it in the future. 4. Setup e-statements on your brokerage accounts. 5. Create a complex passw...
by alwayshedge
Sat Apr 01, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Question about 401k distribution
Replies: 4
Views: 382

Question about 401k distribution

I left my employer last year and rolled my traditional 401k into a traditional rollover IRA at a well known brokerage. Recently, I received a distribution from this employer for a 401k true up and it is payable as follows ... "My Brokerage FBO My name". When I deposit this check into my br...
by alwayshedge
Tue Mar 28, 2017 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies to put 401k out of stock market
Replies: 5
Views: 545

Re: Strategies to put 401k out of stock market

What if it's a 20 year bull market and we are only in year 8? Then what?
by alwayshedge
Sat Mar 18, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Chart to Convince my parents to drop EJ
Replies: 4
Views: 464

Re: Chart to Convince my parents to drop EJ

I am in the exact same situation. I have talked to them about it and have received the same responses as you. What worries me is that if and when I finally do convince them to get out of EJ, the market will tank and I will be blamed. Sometimes its just best to let people figure out their investments...
by alwayshedge
Sun Mar 05, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 4289

Re: Ever dip your feet into individual stocks?

Yes when I was young and stupid, I used to trade stocks. I did a lot of research on them. I enjoyed it. My biggest winner was a company called Dendreon which is now bankrupt. I bought 2000 shares at around $4 and eventually sold them over $30/share. I thought I was a genius but I simply now attribut...
by alwayshedge
Sat Mar 04, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 36
Views: 4892

Re: Bank of America vs Chase

Bank of America online services is like something out of 1995. I have a credit card with them and it took me a hour on the phone with someone to set up automatic payments while I got a series of confusing explanations from them about their own incompatible systems. They spent time telling me about ...
by alwayshedge
Sat Mar 04, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: How to ask back the book I lent to a Director?
Replies: 45
Views: 3263

Re: How to ask back the book I lent to a Director?

I've lent books to co-workers on 3 different occasions. On all 3 occasions, I never received the book back.
by alwayshedge
Sat Mar 04, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: investing in friends real estate business - pros and cons
Replies: 28
Views: 2378

Re: investing in friends real estate business - pros and cons

I went through this. Don't do it. You get a distorted view of the risk because it's a good friend and you don't think he would ever put your money in jeopardy. You also feel that because you are friends, he would pay you back anyway if things went south. Thing is, people do strange things when money...
by alwayshedge
Sat Feb 25, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting personal loan loss on personal taxes
Replies: 1
Views: 227

Deducting personal loan loss on personal taxes

A couple years ago I made a personal loan to a struggling friend of mine. I made this loan with the understanding that there is a high risk that I will not be fully paid back and I accepted that. The loan was made official with signed promissory note with rate of interest and due date. This friend d...
by alwayshedge
Sun Feb 19, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Tesla Model X Review, 2 Months In
Replies: 42
Views: 5891

Re: Tesla Model X 2 Months Review

I have a relative who worked as a mfg eng at Tesla and they said the X was horrible in terms of reliability. It's a known problem to them and stands in contrast to the apparently well-made model S. Supposedly the tolerances on the X are worse than on Ford models. I have heard this as well from peop...
by alwayshedge
Sat Feb 11, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy phones?
Replies: 43
Views: 3118

Re: How do Bogleheads buy phones?

Treat it like you would a computer. Do you buy the newest computer every time one comes out? Probably not. I upgrade whenever the operating system loses support and it begins to affect my day to day use. I just make sure to buy a sturdy, really well made case and screen protection.
by alwayshedge
Wed Dec 28, 2016 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Holding Admiral Shares with ML Edge
Replies: 48
Views: 4930

Re: Holding Admiral Shares with ML Edge

I transferred all my accounts from Vanguard to Merrill Edge and couldn't be happier. I still get to hold all my vanguard index funds and get a whole ton of other benefits on top of it. My rep has been great too. Doesn't try to sell me anything and is very responsive. I can even text him when I need ...
by alwayshedge
Mon Dec 19, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?
Replies: 63
Views: 8799

Re: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?

I actually did the savings promo last week. I went to the branch and it was about a 30 minute process. Relatively painless. I linked up my online money market to the savings and transferred the funds. The Chase banker did try to cross sell me a checking account and was a little annoyed when I refuse...
by alwayshedge
Tue Dec 13, 2016 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Brokered CD question
Replies: 2
Views: 332

Brokered CD question

Hey all,

I have some funds in my Roth IRA that I'm looking to allocate to a fixed income portion of my total allocation. Would it be unwise to purchase a brokered CD for say around a year?
by alwayshedge
Sun Oct 02, 2016 4:47 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market vs. 2% CD
Replies: 44
Views: 11687

Re: Total Bond Market vs. 2% CD

I've thought about doing this but then how would I re-balance in the event of a market downturn? I'd have to take money out of CD's to re-balance and get hit with an EWP. :?
by alwayshedge
Mon Sep 12, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Direct Rollover Check
Replies: 11
Views: 900

Re: 401k Direct Rollover Check

Does the check say "Vanguard Fidelity Trust Company" or "Vanguard Fiduciary Trust Company?" Vanguard Fidelity Trust Company. This is what is worrying me. I talked to the old custodian and they apologized and said Vanguard should still be fine with it. But I called Vanguard twice...
by alwayshedge
Mon Sep 12, 2016 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Direct Rollover Check
Replies: 11
Views: 900

401k Direct Rollover Check

My previous employers custodian made the check payable to "Vanguard Fidelity Trust Company FBO My Name". It was a nightmare to get these people to process my rollover and now I'm terrified to have to get them to reissue me another. Do you guys think Vanguard will just accept this if I send...
by alwayshedge
Sat Sep 03, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: How do you stop yourself from checking your balances?
Replies: 66
Views: 5149

Re: How do you stop yourself from checking your balances?

Do you live with a spouse or other trustworthy family member? You could have them change the password, not share it with you and allow you to view the account twice per year on designated dates. A little extreme but just a thought.
by alwayshedge
Thu Sep 01, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling over a Roth 401k to Vanguard
Replies: 1
Views: 210

Rolling over a Roth 401k to Vanguard

Can you roll a Roth 401k into an existing Roth IRA at Vanguard or must you open a new IRA specifically for the Roth rollover. I called Vanguard twice and got two different answers. :annoyed
by alwayshedge
Sun Aug 21, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Sell home and rent?
Replies: 9
Views: 1130

Re: Sell home and rent?

It was an REO that I picked up ridiculously cheap. I am having second thoughts because I never expected it would appreciate this quickly. I'm sorry to hear it appreciated faster than you expected. Maybe you should sell before it increases some more! What's with the sarcasm? No need for that. If you...
by alwayshedge
Sat Aug 20, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sell home and rent?
Replies: 9
Views: 1130

Re: Sell home and rent?

Hi All, I currently own a home and have a mortgage of roughly 97k. The home is worth about 270k based on recent sales of identical homes in the area. I am a single man with no children. This is a three bedroom/two bath home. Since prices have appreciated so much and I don't need much living space s...
by alwayshedge
Sat Aug 20, 2016 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sell home and rent?
Replies: 9
Views: 1130

Sell home and rent?

Hi All, I currently own a home and have a mortgage of roughly 97k. The home is worth about 270k based on recent sales of identical homes in the area. I am a single man with no children. This is a three bedroom/two bath home. Since prices have appreciated so much and I don't need much living space si...
by alwayshedge
Sat Aug 13, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: New Vanguard ONE App
Replies: 28
Views: 4348

Re: New Vanguard ONE App

I would never use my cell phone to access banking or financial websites. Cell phone security is far behind desktop security, and even desktop security is not that great IMHO. So skip the convenience of the app and stick with checking via browser on the desktop. Actually, a non rooted mobile device ...
by alwayshedge
Thu Aug 04, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2610

Re: Seeking wisdom on a career crossroad

I went with Company B as many suggested. It just felt like the right move to make. With that being said, Company A did not have a non-compete in place with me. They did subtly threaten me on my exit interview with management that I should use care in taking any business/clients as they will not hesi...
by alwayshedge
Mon Aug 01, 2016 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need support during rougher period
Replies: 9
Views: 1544

Need support during rougher period

I'm simply being honest with myself. I seek support during rough times in the market and I contemplate selling when markets begin to get volatile. Would the Vanguard PAS be worth it for me to have a roadblock to prevent this? I don't mind paying the extra 30bps for this if it prevents me from making...
by alwayshedge
Sun Jul 24, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2610

Re: Seeking wisdom on a career crossroad

Thank you all for your opinions! Greatly appreciated. I see most have recommended Company B which is what my gut tells me as well. I have a different perspective than most people have expressed. I am in B2B sales as well and have seen this scenario play out a number of times in my career. My opinion...
by alwayshedge
Sun Jul 24, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2610

Seeking wisdom on a career crossroad

I am currently in a crossroad where I have to make a decision regarding a job change. Many here are much older and wiser than myself so I thought it to be prudent to get some opinions. I currently work for Company A in sales. I've been with Company A for 6 years and have developed relationships with...
by alwayshedge
Sat Jun 04, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club desperate for investors?
Replies: 87
Views: 10517

Re: Lending Club desperate for investors?

LC and the various other P2P companies rose in popularity "after*' the past financial crisis in 2008. I would love to see how these things hold up during a recession.
by alwayshedge
Sat Apr 30, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk banking
Replies: 39
Views: 5151

Re: Let's talk banking

Why does everyone hate bank of america? They gave me $100 to open a checking account, then $100 bonuses on each of the 4 credit cards I opened in the past 6 months. Plus 0% for a year on the minimum spend I put on those cards. Great company, very generous. Well I get offers in the mail too where Ch...
by alwayshedge
Sat Apr 30, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk banking
Replies: 39
Views: 5151

Re: Let's talk banking

Why does everyone hate bank of america? They gave me $100 to open a checking account, then $100 bonuses on each of the 4 credit cards I opened in the past 6 months. Plus 0% for a year on the minimum spend I put on those cards. Great company, very generous. As for real banking, I use a local credit ...
by alwayshedge
Tue Apr 05, 2016 10:35 am
Forum: Investing - Theory, News & General
Topic: Are personal mortgages inherently risky (rent vs own)
Replies: 16
Views: 1784

Re: Are personal mortgages inherently risky (rent vs own)

I think it all comes down to area and how long you plan to stay in the home as well. My mortgage/taxes/insurance/maintenance average out to about $950 a month. Renting my same home would cost roughly $2100 a month. Seems like a no brainer to me.
by alwayshedge
Wed Mar 30, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 2135

Re: Can't waive fees any longer at Bank of America

To latest post, yes, I do expect them to serve me whether I had $1mil or my $0.06. It a customer service driven world/industry. If they want my business (again, whether a mil or $0.06) they need to earn it. I've had this account for 25 years, but I guess that doesn't mean anything to BofA. To earli...
by alwayshedge
Wed Mar 30, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 2135

Re: Can't waive fees any longer at Bank of America

Why do you feel you are entitled to a waiver of all fees when you have 6 CENTS in your checking account? As a B of A shareholder, I am glad they are culling accounts that are not profitable. Why would you expect them to serve you for free given your very infrequent and almost non-existent relations...
by alwayshedge
Wed Mar 30, 2016 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 2135

Re: Can't waive fees any longer at Bank of America

To latest post, yes, I do expect them to serve me whether I had $1mil or my $0.06. It a customer service driven world/industry. If they want my business (again, whether a mil or $0.06) they need to earn it. I've had this account for 25 years, but I guess that doesn't mean anything to BofA. To earli...
by alwayshedge
Wed Mar 30, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Money Market Rate Change
Replies: 5
Views: 906

Re: Capital One 360 Money Market Rate Change

WELL, that was quick! Like a few other folks in this forum, I had opened a Capital One 360 Money Market account and transferred all of my 360 Savings into it. On Monday, March 21, I saw the following activity on my account: Interest Rate Change to 0.995% (1.00% APY) All good, until I logged in toda...
by alwayshedge
Sun Mar 20, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Large Banks or Smaller Banks
Replies: 39
Views: 3708

Re: Wells Fargo - Large Banks or Smaller Banks

I've banked with Wells Fargo for about 30 years now and have found them to be consistently polite, courteous, helpful and extremely professional. Being an expat, I rely more on their telephone support than branches, but did find the branch quite accommodative when I needed medallion signatures. I s...
by alwayshedge
Sun Mar 20, 2016 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Large Banks or Smaller Banks
Replies: 39
Views: 3708

Re: Wells Fargo - Large Banks or Smaller Banks

I had an account with Primerit Bank back in the early 1990s. Now it is Wells Fargo (history of Primerit Bank - m). My Wells Fargo account is what I use to pay all my credit cards. Checks are drawn on a Citi account. I don't use ATMs so have no thoughts about Wells Fargo's network or functionality o...
by alwayshedge
Sat Mar 19, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Large Banks or Smaller Banks
Replies: 39
Views: 3708

Re: Wells Fargo - Large Banks or Smaller Banks

I had an account with Primerit Bank back in the early 1990s. Now it is Wells Fargo (history of Primerit Bank - m). My Wells Fargo account is what I use to pay all my credit cards. Checks are drawn on a Citi account. I don't use ATMs so have no thoughts about Wells Fargo's network or functionality o...