Search found 321 matches

by boglerocks
Wed Feb 03, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 5
Views: 710

Private equity investment

I'm likely going to be making a private equity investment soon. Does anyone have experience with those? Any gotchas to watch out for?

Has anyone tried sharespost.com? I don't think secondmarket.com sells shares any more.
by boglerocks
Fri Jan 29, 2016 8:13 pm
Forum: Investing - Theory, News & General
Topic: Stock trading automation software
Replies: 22
Views: 1967

Re: Stock trading automation software

No reason not to reconsider the rules daily. Just looking to offload the heavy lifting of placing the limit orders.
by boglerocks
Fri Jan 29, 2016 7:41 pm
Forum: Investing - Theory, News & General
Topic: Stock trading automation software
Replies: 22
Views: 1967

Stock trading automation software

Does software exist that allows you to define rules which are then automatically executed as trades, or do you have to write that stuff yourself?
by boglerocks
Wed Jan 06, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

Just dropped my defined benefit plan to go back to a sep Ira. The fees were high and I am under 50 so I am not the ideal candidate. Also once you start these you are obligated to keep them running and funded so there is lack of flexibility. In the end I felt better about giving the money to my empl...
by boglerocks
Wed Jan 06, 2016 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

Ouch. Thanks Spirit Rider.

When does a SIMPLE IRA make sense for a business owner? Here I see I would be trading a ~$2.25k expenditure for a ~$5k tax deferral. Doesn't seem like a good idea.

IRA contributions were a much sweeter deal when they didn't cost anything. :(
by boglerocks
Tue Jan 05, 2016 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

OK, I've marked 10/1/16 on my calendar for next year. Whoops, this year. Are you sure an income of ~$150k would make me ineligible for a deductible Traditional IRA contribution? I can't find mention of that online. I did find this: "Traditional IRA contributions are not limited by annual income...
by boglerocks
Tue Jan 05, 2016 3:19 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

This happened again this morning and I called the guy at my local Scottrade branch who called the trading desk for more info and then got back to me. He basically said what Tanelorn said above. They sent my order to a market center that didn't turn out to be the best market center in this particular...
by boglerocks
Mon Jan 04, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

I'll be back for specific advice once I have specific cash in hand and am ready to buy. :) Here's to 2016!
by boglerocks
Tue Dec 29, 2015 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

Wow, Spirit Rider, you are a financial wizard. I'm business-minded and I'm good with markets but this heavy financial stuff doesn't make sense to me. Makes me feel kinda dumb. :) It looks like the Simple IRA would likely be the best option and it looks like it would cost $2.25k for my wife and I to ...
by boglerocks
Tue Dec 29, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

This is why I love this forum. Since my income is so variable as a small business owner, my original plan was always to wait to buy a house until I could do it with cash. I guess I got impatient. You guys have woken me up and I'm going to reset. I have two new questions: 1. How much cash should I h...
by boglerocks
Tue Dec 29, 2015 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

This is why I love this forum. Since my income is so variable as a small business owner, my original plan was always to wait to buy a house until I could do it with cash. I guess I got impatient. You guys have woken me up and I'm going to reset. I have two new questions: 1. How much cash should I ha...
by boglerocks
Mon Dec 28, 2015 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

If you can put 20% down, meet the expenses of a home at 1/4 of your income or less, and can still meet your other long term goals around retirement and college, then you can afford the home. In my opinion. How much monthly expense should I expect related to a small to medium sized 3-bedroom home be...
by boglerocks
Mon Dec 28, 2015 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

The consensus was that I couldn't afford financing $880k. Now I'm talking about financing $600k. What? boglerocks, Is your net worth excluding the house = 3X the price of the house?? Aka, are you worth at least 3.6 millions?? That is my personal benchmark on how much a person should spend on a hous...
by boglerocks
Mon Dec 28, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

Wait, what? The overwhelming consensus here was advising you that you couldn't afford the 880k house on a self-admitted "fluctuating" income. So the new plan is to go for a 1.2m house? Unless I'm missing something with how you are "getting 600k together" over the next year, I'm ...
by boglerocks
Mon Dec 28, 2015 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

Thank you for that info Spirit Rider. I've read it over several times but I can't follow the terminology. Is this enough info for you to know which of those options I should choose: business (sole proprietorship) income: $150k highest-paid employee income: $36k lowest-paid employee (my wife) income:...
by boglerocks
Mon Dec 28, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

The house is $880k and my income last year was $220k although it's from my business so it can fluctuate a lot. Well there's your problem: you simply cannot afford an $880k home. Take a deep breath, find a less expensive home that you can afford, put 20% down and get a nice low rate mortgage and mov...
by boglerocks
Sun Dec 27, 2015 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

The house is $880k and my income last year was $220k although it's from my business so it can fluctuate a lot. Well there's your problem: you simply cannot afford an $880k home. Take a deep breath, find a less expensive home that you can afford, put 20% down and get a nice low rate mortgage and mov...
by boglerocks
Sun Dec 27, 2015 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Re: Switch from SEP IRA to Defined Benefit Plan?

Would any of those be likely to cost me less than I would save? Or are they all likely to cost more than they save but are attractive as an employee incentive?
by boglerocks
Sun Dec 27, 2015 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Re: Buying a house with no money down

OK, no raiding my IRA. :) Most of my savings are in investments and I don't want to touch them. I have some cash but I wouldn't be comfortable with a house and no cash. So it sounds like this doesn't stand out as a bad idea. The house is $880k and my income last year was $220k although it's from my ...
by boglerocks
Sun Dec 27, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5856

Buying a house with no money down

I'd like to buy a house in the neighborhood I'm currently renting in but I'd prefer not to put any money down. I've read this is possible via a second mortgage but I thought I'd come here to get straightened out. Is this something I should pursue? My credit and income are excellent, I have no debt, ...
by boglerocks
Thu Dec 17, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Switch from SEP IRA to Defined Benefit Plan?
Replies: 15
Views: 901

Switch from SEP IRA to Defined Benefit Plan?

For the last several years I've been contributing to a SEP IRA for myself and my wife who is also one of my employees. I've avoided contributing to a SEP IRA for any of my other employees because they hadn't work for me for 3 of the previous 5 years which is an allowable condition if this is correct...
by boglerocks
Thu Dec 17, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

My choices seem to be Mutual of Omaha and Petersen due to the fact that I work from home. Are the rates posted above too high for the benefits?
by boglerocks
Thu Dec 17, 2015 9:52 am
Forum: Investing - Theory, News & General
Topic: Best "global" brokerage
Replies: 4
Views: 510

Re: Best "global" brokerage

It sounds like Interactive Brokers is the way to go. Thanks guys.
by boglerocks
Mon Dec 14, 2015 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

My broker was able to find another underwriter called Mutual of Omaha. It works like this: - the policy lasts until I'm 67 - 90 day elimination period - $1850/year premium - $6500/month payout - $2.5M max payout How does that sound to you guys? I'm told the benefit would be payable in the future eve...
by boglerocks
Mon Dec 14, 2015 4:14 pm
Forum: Investing - Theory, News & General
Topic: Best "global" brokerage
Replies: 4
Views: 510

Best "global" brokerage

I can't buy stocks on the TSX-V exchange in my Scottrade account. I'm told I need an account with a global brokerage in order to do that. Any recommendations? I've read good things about TD Ameritrade and Interactive Brokers.
by boglerocks
Mon Nov 30, 2015 7:30 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 41
Views: 4070

Re: Case study Broker trade executions

In my Scottrade account, I regularly see "last price" quotes above my ask limit or below my bid limit for OTC stocks. I brought a specific example of this to Scottrade's attention and I got this back: "Although there were prints at your stated limit price or better, the market center ...
by boglerocks
Sun Nov 29, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

Is there a specific reason the agent quoted you a policy with Petersen? They are normally used when someone has a high-risk job that other companies won't consider or as a supplemental plan for people with $300k+ incomes. Their policies have to be renewed every 5 years and are subject to further un...
by boglerocks
Fri Nov 27, 2015 11:34 am
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

Who do you trade with now? Does this happen at TD Ameritrade?
by boglerocks
Fri Nov 27, 2015 9:54 am
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

I got this back from Scottrade: "Although there were prints at your stated limit price or better, the market center holding your order did not participate in any of those transactions. The market center holding your order did not print anything at or better than your stated limit price. As such...
by boglerocks
Sun Oct 18, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

Is there a specific reason the agent quoted you a policy with Petersen? They are normally used when someone has a high-risk job that other companies won't consider or as a supplemental plan for people with $300k+ incomes. Their policies have to be renewed every 5 years and are subject to further un...
by boglerocks
Sun Oct 18, 2015 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

Perhaps the best suggestion is to not rely on a reasonable "guaranteed renewable" future. If you think you may need a longer term policy, a 20-year term, best to buy it now up-front, than to buy a 10-year term hoping to just "renew" it for another 10 years. I agree. I think that...
by boglerocks
Sun Oct 18, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

So a guaranteed-renewable policy will be renewable but the rate could be astronomical?

The disability quote is from my insurance broker and it is with Petersen International Underwriters. I posted the most expensive and cheapest options. There are plenty of options in between as well.
by boglerocks
Sun Oct 18, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

Thanks for everyone's help thus far. I'm getting close to pulling the trigger on this finally. It looks like 10-year life insurance policies are a lot cheaper per year than 20-year policies. If both are guaranteed-renewable, why buy the 20-year policy? When choosing a life insurance company, is ther...
by boglerocks
Sat Oct 17, 2015 11:05 am
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

Thanks guys. I'll contact them the next time I see it along with a screenshot or two.
by boglerocks
Fri Oct 16, 2015 7:16 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

lee1026 wrote:OTC refers to "Over the counter". OTC stocks are not subject to regulation NMS and a single national best bid and offer. You are thinking of how the normal stock market works, this is closer to buying OTC medication at a drug store.


Should I complain to Scottrade?
by boglerocks
Fri Oct 16, 2015 6:10 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

FYI - For OTC Equities, i.e stocks quoted in the Pink Sheets, if the size of your order is below the tier sizes in FINRA Rule 6433 , your order will not be displayed. Thanks for that info. The order from today was 2000 shares at ~$1.50/share so it should have appeared. And by "appeared" y...
by boglerocks
Fri Oct 16, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

If you're not trading in blocks of 100 shares "round lots" then you're trading in "odd lots", and may not be getting the best execution http://finance.zacks.com/trade-stocks-blocks-100-shares-8384.html Market orders get better execution than limit orders. Some trades execute bas...
by boglerocks
Fri Oct 16, 2015 3:52 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

Well, the ask is the selling price so you mean no buyers? That can't be it because I see trades executed hours after I entered my order at a lower price than my ask. Limit orders are especially useful in relatively illiquid markets. Executions below your sell limit price are not "missing"...
by boglerocks
Fri Oct 16, 2015 2:32 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Re: Why is my stock ask "missed"?

Well, the ask is the selling price so you mean no buyers? That can't be it because I see trades executed hours after I entered my order at a lower price than my ask.

Limit orders are especially useful in relatively illiquid markets.
by boglerocks
Fri Oct 16, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: Why is my stock ask "missed"?
Replies: 25
Views: 2662

Why is my stock ask "missed"?

What does it mean when the ask price I've entered in an order to sell a stock is "missed"? So many times I've set my ask price and subsequently seen trades execute below it, even hours after I entered my order. Similarly, sometimes an ask price is published for a stock that is higher than ...
by boglerocks
Tue Sep 15, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Protecting your assets
Replies: 11
Views: 1058

Re: Protecting your assets

Any tips or gotchas to watch out for when choosing an umbrella policy? I have an insurance broker I like. How about the online business I own and operate? It's a sole proprietorship now and I've been meaning to convert it to an LLC. Any other protections I should consider for or because of my busine...
by boglerocks
Mon Sep 14, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting your assets
Replies: 11
Views: 1058

Re: Protecting your assets

1. What do I need beyond renter's insurance, life insurance, and disability insurance? 2. I pretty much never make deals or enter into partnerships. When I do I'm extremely cautious. 3. Easy enough, but identity theft doesn't worry me. It seems like it only amounts to a hassle in the end. Plus I don...
by boglerocks
Mon Sep 14, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting your assets
Replies: 11
Views: 1058

Protecting your assets

I've become suspicious that some "friends" I've known for a short time are scam artists. It's gotten me thinking about how best to generally protect my assets. Are there certain things everyone should consider doing to protect their wealth?
by boglerocks
Mon Aug 24, 2015 7:49 am
Forum: Personal Finance (Not Investing)
Topic: My funds are frozen
Replies: 28
Views: 6097

Re: My funds are frozen

No explanation and I didn't complain at that point.
by boglerocks
Wed Aug 12, 2015 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Finding stocks with dividends
Replies: 4
Views: 553

Finding stocks with dividends

Can anyone recommend a method for finding stocks that pay dividends?
by boglerocks
Thu Jul 23, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Life Insurance

Thanks for this website.... As far as I understand, you are supposed to get a policy large enough to pay off all of your current debts, leave money for your spouse to live on until they can sustain income, and leave enough money to support the kids for a while. $1MM too much? $35 a month on a 20 ye...
by boglerocks
Thu Jul 23, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Re: Term or Permanent Life Insurance

For 95% of the population, term insurance is best for YOU. It is a rare broker who resists the much higher commissions THEY get by selling you permanent (cash value) insurance. Beware. Here's what my broker said when I broached the subject: I need to know the amount that you are looking for and wha...
by boglerocks
Wed Jul 22, 2015 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 48
Views: 4519

Life Insurance

I have a good insurance broker and I'm going to inquire about life insurance with them but I thought I'd bring it up with you guys first. Any advice on how to go about this?

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