Search found 155 matches

by alwayshedge
Mon Dec 11, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller warming up to Bitcoin
Replies: 7
Views: 1583

Re: Robert Shiller warming up to Bitcoin

I'm not a big advocate of crypto currencies but I can't stand when people just throw out the tulip argument. It's just such a lazy cop out.
by alwayshedge
Thu Dec 07, 2017 11:43 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6671

Re: Bitcoin now the largest quantifiable bubble in history?

The fact that everyone is calling it a bubble makes me suspect it's not a bubble.
by alwayshedge
Mon Dec 04, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19449

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

Actually, it is true. Watch this panel discussion at MIT Bitcoin Expo 2016 Day 1 from March 5, 2016 Starting at 1:12:54 Those on the panel are some of the Bitcoin Core Developers. The guy explaining Ligthning Network on the right is Joseph Poon, co-author of The Lightning Network. I don't have a co...
by alwayshedge
Mon Dec 04, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19449

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

Those who are buying Bitcoin as a speculation should understand the present state of Bitcoin. Satoshi's white paper was titled: Bitcoin: A Peer-to-Peer Electronic Cash System . Bitcoin was supposed to allow anyone in the world to send any amount of money, including micropayments, to anyone else any...
by alwayshedge
Mon Dec 04, 2017 12:27 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19449

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

Bitcoin has value to a portion of the worlds population that is lacking traditional banking services and/or has oppressive governments. We here in upper society can't understand it too well. Why would we use this? I can just swipe my debit or credit card. My USD is just fine. Stable purchasing power...
by alwayshedge
Fri Dec 01, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19449

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

I bought a 3 bitcoins around $1600. I recently sold $4800 worth of bitcoin around $10,000 and now will let the profit do all the work. I don't really care if it goes to zero or not. It's more for my fun money. It's fun to watch the price go up and down..but who knows..maybe it will get to 1MM eventu...
by alwayshedge
Wed Nov 29, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

Thanks. I tried this just now and the corporate office was actually extremely helpful. The lady on the phone even told me this particular branch has had issues with that in the past and they are working to crack down on this type of deceptive selling. She said I should expect a full refund and the ...
by alwayshedge
Wed Nov 29, 2017 7:45 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

Ok, you knew about the charges that day and you accepted them. You have a receipt where you admit you knew and accepted the rate. You are upset that Enterprise salesperson got you to sign up for extra services that you didn't need. For 36 days you had a rental car with this insurance. You had 36 da...
by alwayshedge
Wed Nov 29, 2017 7:40 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

Ok, you knew about the charges that day and you accepted them. You have a receipt where you admit you knew and accepted the rate. You are upset that Enterprise salesperson got you to sign up for extra services that you didn't need. For 36 days you had a rental car with this insurance. You had 36 da...
by alwayshedge
Wed Nov 29, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

I would push back harder. Don't give up too easily. Email the corporate office, not the local branch, with specific details of your interaction with the branch. Let them know you feel that the branch was misleading and you expect a refund. You could pursue a credit card charge back, but it may not ...
by alwayshedge
Wed Nov 29, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Re: Scammed by Enterprise Car Rental

I believe many of the rental car counter folks are evaluated in part by how many insurance contracts they can sell. All the little extras- gas, CDW, GPS units, toll units, etc. are where most rental companies make their profits. Some less scrupulous ones may lie to make the sale. The problem with e...
by alwayshedge
Wed Nov 29, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Scammed by Enterprise Car Rental
Replies: 35
Views: 4197

Scammed by Enterprise Car Rental

I was involved in a car accident about a month ago. I swerved to miss some debris in the road, lost control, and went straight into the guard rail. My car was in the shop for about a month and my insurance company gave me a stipend of $15 a day for a rental. They told me to go to Enterprise as I can...
by alwayshedge
Tue Nov 28, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 186
Views: 17465

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

People said the same thing about the internet. Many many intelligent people thought it was blasphemy to think the internet would surround our lives like it has. Now we're sitting here, on the internet, discussing about how one should avoid the next tech. Not saying Mr. Bogle is wrong. But don't let ...
by alwayshedge
Tue Nov 28, 2017 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10725

Re: Didn't buy Bitcoin at $4600

People have been calling BTC a bubble since it first hit $1. They will continue to call it a bubble when it hits 100k. If you understand coding and network effect, the bubble calls don't make a whole ton of sense. But to each his own. Comparisons to the tech bubble are an apples to oranges comparison.
by alwayshedge
Tue Nov 28, 2017 12:09 am
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7846

Re: CNBC says Vanguard says 70% Chance of "Correction"

I don't like Vanguard doing this being that they are so anti timing. It can easily generate panic amongst their customer base. People respect Vanguard and might make an irrational decision based on something like this.
by alwayshedge
Sun Nov 19, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14066

Re: Dave Ramsey says don't use credit cards, even if you pay them off

A few months ago, Dave called index investors dummies for falling for the passive strategy. He said that if you can't find someone that can beat the market, you're doing it wrong and it's your own fault. He then proceeded to recommend one of his preferred providers. I found this offensive. I stopped...
by alwayshedge
Thu Nov 16, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin: Significance of 12 transactions per second?
Replies: 28
Views: 3244

Re: Bitcoin: Significance of 12 transactions per second?

I think its safe to say that any Bitcoin assets he would have owned would also have been forfeited if the Saudi state had any records of Bitcoin purchases from bank transactions. That's not possible. That's the whole point of Bitcoin. If you have the bank records you have proof/evidence of transfer...
by alwayshedge
Wed Nov 15, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin: Significance of 12 transactions per second?
Replies: 28
Views: 3244

Re: Bitcoin: Significance of 12 transactions per second?

3CT_Paddler wrote:
Wed Nov 15, 2017 6:01 pm
I think its safe to say that any Bitcoin assets he would have owned would also have been forfeited if the Saudi state had any records of Bitcoin purchases from bank transactions.
That's not possible. That's the whole point of Bitcoin.
by alwayshedge
Sun Nov 12, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3366

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

I am overweight crypto relative to stocks/bonds, but within crypto I follow market cap weightings for Bitcoin, Ethereum, and Bitcoin cash. Due to the network effects, crypto can be somewhat of a winner takes all set up. It's safer to have stakes in multiple so that you always own the winner, just l...
by alwayshedge
Sun Nov 12, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin: Significance of 12 transactions per second?
Replies: 28
Views: 3244

Re: Bitcoin: Significance of 12 transactions per second?

I'd stay away from that space right now at least. From what I've been told by people involved, it seems like a giant mess of different coins trying to outdo each other through manipulation. You are essentially gambling.
by alwayshedge
Fri Nov 10, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 260
Views: 35425

Re: Selling all equities, discuss why I'm wrong. :)

You should do what makes you feel comfortable. The key thing is to stick to it. Don't doubt your decision and then try to buy back in again. Then it turns into a giant back and forth and those don't usually end up so well. In the end, it's your money and your own responsibility. Good luck!
by alwayshedge
Sat Nov 04, 2017 12:37 am
Forum: Personal Consumer Issues
Topic: Got an iPhoneX
Replies: 157
Views: 11465

Re: Got an iPhoneX

The stores usually have these phones on display correct? Maybe next time try playing around with it for a bit/ask questions before making the purchase especially for a big ticket item like this. :confused
by alwayshedge
Tue Oct 31, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: Buffett "Key Indicator" near dangerous all-time high...
Replies: 73
Views: 9067

Re: Buffet "Key Indicator" near dangerous all-time high...

Honestly, who cares? Nobody knows nothing and there is no point in worrying about it. That metric could go to 1000% for all we know. It's all a bunch of hocus pocus and it seems that we keep seeing these kinds of posts every time the market is making highs.
by alwayshedge
Thu Oct 05, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4471

Re: Trying to convince my sister not to use a financial advisor

From needing help to DIY is too big a leap for her. You need to help her find a better advisor. When you see someone robbing your sister, don't stand there. Say something. Do something. I agree but personal finances is a very different animal. God forbid he recommends a different advisor or a DIY a...
by alwayshedge
Thu Oct 05, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4471

Re: Trying to convince my sister not to use a financial advisor

Don't try to convince her please. It can backfire very easily and then you can be blamed. I had a similar situation with a co-worker. It's just not worth it. Buy her a book on the subject and leave it at that if you want to help her.
by alwayshedge
Wed Aug 30, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Vanguard PAS and Investment Choices
Replies: 23
Views: 2009

Re: Advice on Vanguard PAS and Investment Choices

I signed up for PAS. I can build a portfolio myself but I prefer the hands off approach. It also prevents me from tinkering which I was prone to do when I managed it myself. I have been very happy with the service.
by alwayshedge
Sun Aug 27, 2017 9:32 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35296

Re: What is Bitcoin?

Yes, agree, there likely is a bubble, but it does not mean cryptocurrencies and the technology behind them are ever going away. And the bubble may last for years allowing those not too greedy to capitalize. A point of concern for me is how bitcoin had a fork and split into bitcoin and bitcoin cash ...
by alwayshedge
Sun Aug 20, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35296

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: 262
Views: 35296

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: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 14671

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: 131
Views: 11127

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: 915

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: 5636

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: 5535

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: 1468

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: 1503

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: 5408

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: 12383

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: 4692

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: 2839

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: 413

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 brokerage, s...
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: 634

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: 508

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: 4671

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: 7493

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: 3524

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: 2605

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: 273

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: 6257

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: 3325

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.