Search found 177 matches

by alwayshedge
Wed Jul 04, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin Futures?
Replies: 18
Views: 1277

Re: Bitcoin Futures?

Your friend is gambling. Maybe he's telling the truth and is on a good run. Eventually though, good runs end just like in the casino and then reality sinks in. I wouldn't bother with it unless you want to learn an expensive lesson. If you do give it a shot, use a small portion of your net worth and ...
by alwayshedge
Tue Jul 03, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: What happens if your Vanguard account has been hacked.
Replies: 21
Views: 2808

Re: What happens if your Vanguard account has been hacked.

I imagine there would have to be some of investigation to find out who is at fault. If Vanguard had a lapse in their security, I would assume they would compensate you for the loss. However, if the lapse in security was on your end (malware/virus on computer for example) and Vanguard could prove thi...
by alwayshedge
Sun May 13, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 5281

Vanguard Prime Money Market instead of bond fund

I've noticed the Vanguard Prime MM is yielding quite a bit now. When designing a portfolio in the current state, would it be advisable to substitute say the total bond fund with the Prime MM?
by alwayshedge
Tue Apr 03, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 11208

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

Don't confuse blockchain with Bitcoin. Blockchain is a technology, Bitcoin (and other cryptocurrencies) are specific implementations of blockchain. Buying Bitcoin because you think blockchain will be huge is like having bought Pets.com stock because you thought the Internet was going to be big. Exa...
by alwayshedge
Tue Apr 03, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 11208

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

There are a lot of very smart people that truly believe in Bitcoin and the blockchain technology. People that are a lot smarter than you and me. I wouldn't be so quick to dismiss crypto currencies based on a speculative mania that occurred. Bitcoin has been around since 2009 and every boom and bust...
by alwayshedge
Tue Apr 03, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 11208

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

There are a lot of very smart people that truly believe in Bitcoin and the blockchain technology. People that are a lot smarter than you and me. I wouldn't be so quick to dismiss crypto currencies based on a speculative mania that occurred. Bitcoin has been around since 2009 and every boom and bust...
by alwayshedge
Mon Apr 02, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 11208

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

There are a lot of very smart people that truly believe in Bitcoin and the blockchain technology. People that are a lot smarter than you and me. I wouldn't be so quick to dismiss crypto currencies based on a speculative mania that occurred. Bitcoin has been around since 2009 and every boom and bust ...
by alwayshedge
Sun Feb 11, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 111
Views: 9071

Re: How does one emotionally keep it together during market swings?

You need to accept that declines are part of the game. You also need to accept that it is entirely possible for markets to enter long stretches of 10+ years of declines similar to what happened in Japan. Once you can accept these scenarios as reality, devise your asset allocation according to that. ...
by alwayshedge
Tue Feb 06, 2018 2:10 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5645

Re: Inverse VIX ETN down 80% after hours

To put it simply, those funds are short VIX . Losses on shorts can be unlimited so a 100% spike in the VIX will now force those ETN to terminate. From what I am reading, many pensions and annuity companies have been short volatility since it was seen as an easy relatively low risk trade to generate...
by alwayshedge
Mon Feb 05, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5645

Re: Inverse VIX ETN down 80% after hours

To put it simply, those funds are short VIX. Losses on shorts can be unlimited so a 100% spike in the VIX will now force those ETN to terminate. From what I am reading, many pensions and annuity companies have been short volatility since it was seen as an easy relatively low risk trade to generate s...
by alwayshedge
Sat Feb 03, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: John Bogle and Japanese Stock market.
Replies: 33
Views: 3258

Re: John Bogle and Japanese Stock market.

This is something that will continue to slightly worry me. It seems investors have this certainty that US stocks will always go up because well, they have always gone up. But what if we enter some sort of prolonged bearish period like Japan? If I am correct, Japan experienced a sort of similar huge ...
by alwayshedge
Fri Feb 02, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: Are we in an index fund bubble? Bill Ackman thinks we are.
Replies: 45
Views: 4723

Re: Are we in an index fund bubble? Bill Ackman thinks we are.

I watched the Herbalife documentary on Netflix with Bill Ackman. For having so many bad calls, this man is extremely arrogant. He also lost his investors a fortune in Valeant Pharma.
by alwayshedge
Wed Jan 31, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Alan Greenspan says there are bubbles in both stocks and bonds
Replies: 87
Views: 8675

Re: Alan Greenspan says there are bubbles in both stocks and bonds

ISTR that the last time that Alan Greenspan publicly predicted a bubble, the market went straight up for the next 4 years. It's funny, a lot of people seem to recall his "irrational exuberance" phrase, but nobody seems to remember that he said it in 1996. Edit: My point being that these types of pr...
by alwayshedge
Wed Jan 31, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 78
Views: 23339

Re: Vanguard Money Market vs. Savings Accounts

The sheer length of this thread is totally mystifying to me. All you need are pre-established verified ACH links between your primary checking at your home bank and (a) a bank (such as Ally) with high yield savings accounts and (b) Vanguard (or some other brokerage that offers money market funds). ...
by alwayshedge
Sat Jan 13, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services Fees
Replies: 49
Views: 4700

Re: Vanguard Personal Advisory Services Fees

I pay for PAS not really for there service but more so because I am a tinkerer and PAS has prevented me from hurting my own self.
by alwayshedge
Tue Jan 02, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 7206

Do you eventually get accustomed to your higher balances?

I grew up with very little but saved and saved and then invested everything I could with the help of this forum. I've been blessed to see my portfolio grow to a large magnitude. A 10% drop in the market would equal roughly a 50k drop for me. Do you eventually get used to this where it is a non-event...
by alwayshedge
Fri Dec 22, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 20640

Re: Bitcoin in Freefall

Bitcoin has crashed plenty of times much worse. It clears out the heavy speculation and then consolidates for a while. It has done this numerous times including this year. Overall though, the price gravitates higher and higher. be careful with your tenses. It has gravitated higher, not it gravitate...
by alwayshedge
Fri Dec 22, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 20640

Re: Bitcoin in Freefall

nisiprius wrote:
Fri Dec 22, 2017 1:17 pm
alwayshedge wrote:
Fri Dec 22, 2017 12:17 pm
...the price gravitates higher and higher...
"Gravitates" higher... interesting kind of "gravity..."
Yes it's a kind of gravity that only exists in the Bitcoin world.
by alwayshedge
Fri Dec 22, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 20640

Re: Bitcoin in Freefall

Even with this "freefall", Bitcoin is still up 80% this month. What lens is on your camera of life? I respect this forum *a lot*, but I feel like a lot of people here like to say derogatory comments such as "it was only a matter of time" to make themselves feel better, completely ignoring the fact ...
by alwayshedge
Fri Dec 22, 2017 12:31 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 20640

Re: Bitcoin in Freefall

Even with this "freefall", Bitcoin is still up 80% this month. What lens is on your camera of life? A lot of people have this deep hatred for Bitcoin because of the media frenzy and would love nothing more than to see it disappear. Hence why whenever there is a crash, Bitcoin will get picked on hea...
by alwayshedge
Fri Dec 22, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 20640

Re: Bitcoin in Freefall

Bitcoin has crashed plenty of times much worse. It clears out the heavy speculation and then consolidates for a while. It has done this numerous times including this year. Overall though, the price gravitates higher and higher.
by alwayshedge
Mon Dec 18, 2017 12:11 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 13022

Re: Help Me Cash Out My Bitcoin!

If you don't have your private key, you don't own it anymore. Nobody owns it anymore.
by alwayshedge
Mon Dec 11, 2017 8:03 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller warming up to Bitcoin
Replies: 7
Views: 1763

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: 89
Views: 8217

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: 23533

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: 23533

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: 23533

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: 23533

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: 4721

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: 4721

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: 4721

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: 4721

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: 4721

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: 4721

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: 214
Views: 28084

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: 12864

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: 8804

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: 17391

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: 3936

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: 3936

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: 4914

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: 3936

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: 278
Views: 40464

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: 13667

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: 10099

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: 5558

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: 5558

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: 2309

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: 263
Views: 41406

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: 263
Views: 41406

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 ...