Search found 45 matches

by bawr
Mon Oct 09, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5581

Re: Does anyone hold cash?

30sep16 wrote:
Mon Oct 09, 2017 12:23 am
92.5% cash
7.5% bitcoin

A barbell portfolio. Up 27% for the year.

My 7.5% allocation to Bitcoin is up 360%. I rebalance the profits off the Bitcoin every 4 to 8 weeks. It can crash to zero, but I've made that 7.5% several times over so I'm still way ahead of that were to happen.
Very nice.
by bawr
Sat Oct 07, 2017 4:42 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 5581

Re: Does anyone hold cash?

I keep over three years' living expenses in cash. This is currently 1.4% of my investment portfolio.
by bawr
Tue Sep 12, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 6401

Re: Fidelity Security

I was dismayed to discover recently that the Fidelity's Active Trader Pro software bypasses the Symantec VIP two factor authentication system. A simple username and password is all you need to log into your account when using ATP.
by bawr
Thu Jun 01, 2017 7:13 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2000 'bonus points'
Replies: 32
Views: 3058

Re: Fidelity 2000 'bonus points'

Got the same offer for $500 of spending by July 31.
by bawr
Mon May 08, 2017 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 35
Views: 8570

Re: Does Magic Formula works or ever worked for you?

I use a variation of the magic formula with some additional filters (*) to reduce the probability of accounting fraud and bankruptcies. It works. I am researching yet another variation which is intended to improve the quality factor in the strategy. I don't have any longer term results to report yet...
by bawr
Sat Feb 11, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to FTEXX for Fidelity Brokerage Account
Replies: 10
Views: 2682

Re: Alternative to FTEXX for Fidelity Brokerage Account

Second question, this thread talks about FSLXX but I can't seem to find that fund on Fidelity's page. What am I missing? I can see the fund on Google Finance etc., and my balance at Fidelity Brokerage should get me over any thresholds. I believe FSLXX was eliminated as a consequence of the new regu...
by bawr
Sun Jul 31, 2016 11:12 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

Fair enough I can understand that. It would be interesting for you to update this thread periodically with your trades. I have had only two trades so far this year. I bought Fuji Heavy Industries (-8% return, so far) and Scripps Networks Interactive (+23%) in January. My next trade will most likely...
by bawr
Sun Jul 31, 2016 8:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

So if individually picking small value stocks beats the S&P by a ridiculous margin, but your results aren't statistically significant (I assume you mean a statistically significant difference from the index), then why are you spending "substantial time and effort"? The difference from...
by bawr
Sun Jul 31, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

I think LAlearning meant do you have proof that you did it. Evidence that you did it would work. My record isn't long enough, and doesn't contain enough trades, to be statistically significant on its own. Interested parties would find it more beneficial to study the track records of successful long...
by bawr
Sun Jul 31, 2016 4:16 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

Check this out...It has all the filters you mentioned for free...Not sure how accurate or good this site is yet...Look at it and tell me if its accurate and compared to your paid service site. m I have tried the Uncle Stock site in the past and found it to be buggy and its data unreliable. Just now...
by bawr
Sun Jul 31, 2016 3:52 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

This thread reassures me that index investing is the way forward in the long term because there will always be a significant majority who refuse to believe they can't outperform the market. All you need is somebody, as above, to post how ridiculously they can outperform the market and hey presto ev...
by bawr
Sun Jul 31, 2016 1:54 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

LAlearning wrote:Do you have proof?


"Proof" is relevant in the fields of mathematics and alcoholic beverages. For everything else, there is "evidence".

There is much academic research that shows the outperformance of value (and momentum) strategies. See alphaarchitect.com for references.
by bawr
Sun Jul 31, 2016 1:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

What does valuesignals offer that you can get for free elsewhere? It has global coverage, and comes pre-configured with filters such as the Beneish M-score, the Piotroski F-score, the Altman Z-score, etc. GuruFocus has similar features, but is much more expensive. I don't know of any free service w...
by bawr
Sat Jul 30, 2016 8:00 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 4764

Re: Stock Screeners

I use the paid service at valuesignals.com as my initial screener and then perform additional analysis using the free services of gurufocus.com and morningstar.com. I mainly invest in individual stocks, with an emphasis on smaller value stocks. Over the past 13 years, this approach has beaten a pass...
by bawr
Sat Jul 02, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 9404

Re: Fidelity 2% CC or Citi double cash card?

The Fidelity Visa card has a 1% foreign transaction fee, versus 3% for the Citi Double Cash.

The Citi card has Chip + online PIN as its third priority CVM. If the Fidelity card is like other US Bank issued card, it would not have any kind of Chip + PIN capability.
by bawr
Fri Jul 01, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 16394

Re: How many of you have cut cord?

I haven't had a TV since 2001.
by bawr
Wed May 18, 2016 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 60
Views: 11878

Re: Anyone use Fidelity as their bank account?

He also mentioned that overnite - the debit card will not work for 1-2 hours because of the processing updates - I believe it has to do with the nightly sweep of the money from Fidelity into the underlying FDIC Banks. Kenster1, Thanks for the interesting information. Did the rep mention if the over...
by bawr
Sat May 14, 2016 10:51 am
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 12
Views: 1809

Re: The Intelligent Investor

Does anyone know if this is a good book that falls in line with boglehead thinking? Grahams advice for what he describes as the "Defensive Investor" is very much aligned with the Boglehead philosophy. He prescribes an entirely different course of action for the "Enterprising Investor...
by bawr
Sat May 14, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios
Replies: 18
Views: 2770

Re: Schwab Intelligent Portfolios

I think you can remove 3 ETFs from the portfolio so that will take care of at least the commodities and two of the four fundamental index funds. You can remove specific ETFs, but not asset classes, so what you are suggesting won't work. Schwab will simply replace the removed ETFs with other, simila...
by bawr
Thu Mar 03, 2016 1:42 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1433

Re: Need a new brokerage -- global, good executions, low fees

I'm about to place my first order at IB for $1,400 (10k shares at $0.14/share). The commission is going to be $7. Not bad. But if it were a $14,000 order it would be $70. boglerocks, Just for fun, I just created a dummy buy order for 10,000 shares of GLBS, which closed at $0.14 and trades on NASDAQ...
by bawr
Wed Mar 02, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1433

Re: Need a new brokerage -- global, good executions, low fees

Interactive Brokers are by far the best brokers I have ever used. They are in a class by themselves. The system is very logical and well documented, so there is seldom any need to interact with IB's customer service. (In three years, I have contacted customer service twice, once by phone and once vi...
by bawr
Sun Feb 28, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management vs Schwab Bank
Replies: 28
Views: 7984

Re: Fidelity Cash Management vs Schwab Bank

The problem with both Fidelity and Schwab is the ability for the Checking/Cash account to dip into the Brokerage side of the fence - however that can be setup so that the checking/debit banking side can't tap into the brokerage side for say overdraft protection. My Schwab checking account has a sep...
by bawr
Sat Jan 02, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)
Replies: 36
Views: 9769

Re: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)

HopeToGolf,

Thank you for this information. I was able to download a free copy of TurboTax Premier via the link to Intuit under "Guidance & Retirement --> Taxes" on fidelity.com. (My account is designated "Private Client".)
by bawr
Sat Sep 12, 2015 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Over the Counter Shares
Replies: 5
Views: 628

Re: Over the Counter Shares

Standard Chartered is traded on the OTC Pink Sheets as SCBFF. The average daily volume is minuscule, at just over 5,000 shares. I suspect the bid offer spread for SCBFF is going to be unfavourable. If I wanted to buy this stock, I would execute the transaction on the Hong Kong exchange (symbol: 2888...
by bawr
Mon Apr 13, 2015 4:27 am
Forum: Investing - Theory, News & General
Topic: Poll: do you own individual international stocks?
Replies: 25
Views: 2401

Re: Poll: do you own individual international stocks?

Fidelity's commissions for international stock trading aren't that bad. It is their currency exchange commissions which are highway robbery (1% for a transaction < $100K). This is hundreds of times what Interactive Brokers charges.
by bawr
Sat Apr 11, 2015 2:14 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1535
Views: 271709

Re: What are you up YTD?

Shorter term stock trading account: 12.10% YTD
Long term stock portfolio: 15.62% YTD
by bawr
Sun Mar 08, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 938

Re: Non-resident alien, 22 looking for substitutes to 401k/I

acp03,

Depending on the visa you have, you could be exempt from paying capital gains tax in the US. In that case, investing in a tax advantaged vehicle like a 401(k) would not make sense.
by bawr
Mon Nov 24, 2014 4:19 pm
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 13001

Re: What percent "Boglehead" are you?

I can appreciate that the Boglehead approach can work adequately for those who are unwilling to spend the significant time and effort necessary to learn how to invest. It certainly beats not having a saving and investment plan. I am a disciplined stock picker with a (geometric) mean annual return of...
by bawr
Tue Nov 11, 2014 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 71045

Re: If your networth is over $3 million, how did you do it?

1. Invested in AAPL when it was $0.97 (split adjusted).
2. Invested in Bitcoin when XBT was a few cents.
3. Held a portfolio of shares in approximately 15 companies, actively managed by myself.

I have never invested in funds or bonds.
by bawr
Wed May 15, 2013 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity has the best customer service I know of
Replies: 57
Views: 4775

Re: Fidelity has the best customer service I know of

I agree that Fidelity's representatives are polite and that they pick up the phone quickly. An unpleasant experience I had with them caused me to move all of my trading to Interactive Brokers. I called Fidelity to discuss what I believe was an improperly triggered stop loss order. The representative...
by bawr
Sun Mar 10, 2013 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8390

Re: Mathematicians or statisticians here? Seeking your advic

Our introductory calculus book was by Spivak. After 2 weeks, I changed major and dropped down to a lower course . I am not familiar with Spivak's calculus book, but his multi-volume tome on differential geometry is considered to be a reference. He also has a little pamphlet on calculus on manifolds...
by bawr
Sun Mar 10, 2013 10:57 am
Forum: Personal Consumer Issues
Topic: Casual Wardrobe Advice Wanted
Replies: 65
Views: 13069

Re: Casual Wardrobe Advice Wanted

If Munchkin Man adopts Steve Jobs' approach to attire, he won't have to think about clothing ever again. If Munchkin Man does not wish to be a follower Steve Jobs, he may think of this as the Permanent Portfolio method applied to garments.
by bawr
Sun Mar 10, 2013 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8390

Re: Mathematicians or statisticians here? Seeking your advic

I was a math major at UC Berkeley, which at the time was considered to have the best or second best (possibly after Princeton) math department in the country. I believe there is a huge difference between being able to successfully obtain a BA or PhD in mathematics and actually becoming a productive,...
by bawr
Tue Feb 19, 2013 3:02 pm
Forum: Investing - Theory, News & General
Topic: Luck, skill, or Beardstown Lady?
Replies: 64
Views: 5900

Re: Luck, skill, or Beardstown Lady?

Momentum and reversion to the mean are only visible in your rear view mirror. Apparently not: "Since the 1980s academic studies have repeatedly shown that, on average, shares that have performed well in the recent past continue to do so for some time. Longer-term studies have confirmed that th...
by bawr
Tue Feb 19, 2013 2:01 am
Forum: Investing - Help with Personal Investments
Topic: Which stock broker are you using and why?
Replies: 43
Views: 6062

Re: Which stock broker are you using and why?

Interactive Brokers.

They are in a class by themselves in terms of breadth of investment products, platform features, international investing, cost, and risk management tools.
by bawr
Fri Jan 25, 2013 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: AAPL
Replies: 232
Views: 61264

Re: AAPL

I can't help but wonder, what do the AAPL buyers think they know that the AAPL sellers do not ? There is a floor of $40 billion in cash on the balance sheet. The only problem is much like a free spending person - always taking out one soon comes to the bottom of the pot. Cash and other investments ...
by bawr
Thu Jan 24, 2013 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Software for Mac?
Replies: 11
Views: 1901

Re: Personal Finance Software for Mac?

GnuCash runs on Mac OS X and is free.
by bawr
Thu Jan 24, 2013 6:20 pm
Forum: Personal Consumer Issues
Topic: Anybody here go all-Linux for personal computing?
Replies: 83
Views: 6042

Re: Anybody here go all-Linux for personal computing?

Ubuntu since last 3-4 yrs on personal computer. No issues. Except for some company VPN software (eg. Cisco) does not have compatible Linux version & no netflix. My work laptop needs Windows The old IPSec-only Cisco VPN Client, which has now been discontinued for all platforms, is still availabl...
by bawr
Thu Jan 24, 2013 6:15 pm
Forum: Personal Consumer Issues
Topic: Anybody here go all-Linux for personal computing?
Replies: 83
Views: 6042

Re: Anybody here go all-Linux for personal computing?

I went all-Unix for personal computing in the very early '90s. This was before Linux, when the state of WYSIWYG word processing (for example) on Unix was really dismal. There were some very nice WYSIWYG word processors for NEXTSTEP (the precursor to Mac OS X) in those days, which were arguably supe...
by bawr
Tue Oct 16, 2012 8:51 pm
Forum: Forum Issues and Administration
Topic: *Sorry for asking* Is this forum biased?
Replies: 100
Views: 9987

Re: *Sorry for asking* Is this forum biased?

I find most members of this forum to be quite dogmatic and ignorant when it comes to investing. It is a great site for consumer advice though. Yes we are biased. We think you should invest based on the only system based on science. Dave How do you propose to do this, given that there exists no valid...
by bawr
Sat Mar 24, 2012 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Apple Stock
Replies: 54
Views: 5349

Re: Apple Stock

Since I bought Apple at $6.75 (split adjusted), it is up 87-fold and is now 83% of my portfolio. This doesn't worry me much.
by bawr
Sat Dec 10, 2011 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you buy your stocks?
Replies: 25
Views: 1520

Re: Where do you buy your stocks?

Fidelity is somewhat better than Vanguard for stocks. For international and more sophisticated trading, Interactive Brokers is by far the best.
by bawr
Thu May 19, 2011 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: is there a legal way for US citizen to open foreign account?
Replies: 59
Views: 12176

I had a small Swiss franc savings account at UBS, which I reported to the IRS. UBS unilaterally closed it a couple of years ago saying that they didn't do business with Americans any more. I had a similar experience. I opened a US dollar current account with UBS's main Zürich branch in the early '9...