Search found 348 matches

by boglerocks
Mon Apr 18, 2016 6:30 pm
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Re: Stock picking services

As I've said several times, nobody is picking my stocks. I use these services like a human stock screener. It means I don't have to start from zero when looking for good picks and that saves a lot of time. What's wrong with that?
by boglerocks
Mon Apr 18, 2016 5:51 pm
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Re: Stock picking services

Dang guys. Up 25% in a couple months and everybody agrees I'm doing a terrible job. My way isn't the only way, is yours?
by boglerocks
Mon Apr 18, 2016 10:17 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Re: Stock picking services

How well did you do? Did you get 10X to 30X return? If not, why are you doing it? I gamble on microcap stocks. I allocated total 5K of my money on those stocks. I do not gamble on any stocks that have the possibility of 10X to 30X return. A) If I lost, it is only 10K and it does not matter. B) If I...
by boglerocks
Mon Apr 18, 2016 9:56 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Re: Stock picking services

Why use Marketfy when you can have Jim Cramer pick your stocks for free, and you'll have an extra $864 to invest in a good broad based index fund? I should have mentioned that I'm generally only interested in microcaps. I've run a small business for the last 16 years so that's what I'm familiar wit...
by boglerocks
Sun Apr 17, 2016 10:34 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Re: Stock picking services

I make a lot of money from those picks.
by boglerocks
Sun Apr 17, 2016 10:24 am
Forum: Investing - Theory, News & General
Topic: Stock picking services
Replies: 39
Views: 2209

Stock picking services

I know, I know, you can't trust anyone to pick stocks for you but please hear me out. :) I'm subscribed to a couple paid services on marketfy.com which are 420Investor ($42/month) and SecretCaps ($30/month). The proprietor of each basically sifts through a myriad of stocks to come up with a number o...
by boglerocks
Sat Apr 16, 2016 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance: do I really need it?
Replies: 53
Views: 3818

Re: disability insurance: do I really need it?

1. MOO is not non-cancelable I'm also considering a MOO disability policy with a monthly premium of about $165 and monthly benefits of about $6500. If a MOO policy is not non-cancelable, that means they can cancel it at will? Maybe if I get sick and keep working they could cancel it in case I becom...
by boglerocks
Thu Apr 14, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Last-minute IRA contributions
Replies: 3
Views: 272

Re: Last-minute IRA contributions

Thanks Alan!
by boglerocks
Thu Apr 14, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Last-minute IRA contributions
Replies: 3
Views: 272

Last-minute IRA contributions

My CPA is filing an extension so that I won't need to complete my taxes until 10/15. I understand that isn't an extension to pay, but I should be receiving a refund this year. I realized that the 4/18 deadline for making IRA contributions still applies so I'm trying to figure that out last minute. M...
by boglerocks
Fri Mar 04, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1041

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

I'm loving IB so far. The feeling of control is unparalleled although I only have experience with Scottrade otherwise.

bawr, I was wondering why IB gives me two numbers for commission. It's maker/taker?
by boglerocks
Wed Mar 02, 2016 4:39 pm
Forum: Investing - Theory, News & General
Topic: "Deep Book" data from Interactive Brokers
Replies: 1
Views: 373

"Deep Book" data from Interactive Brokers

I'd like to be able to see "Deep Book" market data for every (or almost every) stock I want to trade in my Interactive Brokers account so I can see what the bid and ask sizes are at the various price levels in the order book. I'm subscribed to a lot of market data but I'm still unable to g...
by boglerocks
Wed Mar 02, 2016 10:10 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1041

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.

drzzzzz, no java on Chromebooks?
by boglerocks
Wed Mar 02, 2016 7:55 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1041

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

I caved and funded my IB account. Let's see how it goes. :)
by boglerocks
Mon Feb 29, 2016 3:14 pm
Forum: Investing - Theory, News & General
Topic: Switching brokerages
Replies: 5
Views: 723

Re: Switching brokerages

What about the cost basis? Will the old brokerage provide that info to the new brokerage, and is it guaranteed to be reflected properly come tax time?

BTW, has anyone ever found that their brokerage reported their cost basis incorrectly?
by boglerocks
Mon Feb 29, 2016 12:30 pm
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1041

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

I've been using Scottrade for a long time but I'm getting consistently poor executions from them and I want to be able to trade in foreign markets like the TSX-V in Canada. I opened an account with Interactive Brokers but I haven't funded it. I called them this morning to get my username/password an...
by boglerocks
Sun Feb 21, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Employee quit and then filed for unemployment
Replies: 3
Views: 1360

Employee quit and then filed for unemployment

I've received papers from the California EDD regarding an unemployment claim filed by a former employee. This employee quit when he moved away so I need to request a ruling against the claim but I'm behind in my mail and the reply-by date was about a month ago. Can you guys help me out with advice o...
by boglerocks
Wed Feb 17, 2016 11:12 am
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

The meeting went really well. I like the CEO / head programmer and his product a lot and I think his heart is in the right place. My only reservations at this point are regarding the valuation and regarding private equity investment in general. There is a Series A planned in the near-term and the va...
by boglerocks
Mon Feb 15, 2016 3:30 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

One company is different. If it is a c-corp, you are not going to get any tax forms (assuming they don't pay out any dividends). If it is a s-corp, you will get a k-1 and if the company is profitable, you might owe taxes even if they didn't return any money to you. Partnerships and the like tend to...
by boglerocks
Mon Feb 15, 2016 12:33 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

School is in session! You guys rule. Then what you want to understand is this is a business investment. Don't count it in your personal portfolio but as a career enhancement, potentially. Then your investment is part of your commitment to the company, and you want equivalent rights to the other shar...
by boglerocks
Mon Feb 15, 2016 8:57 am
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

You guys make PE sound like the worst investment ever. Maybe I am better off putting the money elsewhere. We'll see what shakes out at the meeting. BTW, this is not a local business. It's a very small software company creating groundbreaking stuff. I'm a software guy and I have 15 years experience r...
by boglerocks
Sun Feb 14, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

OK, any tips for valuation?
by boglerocks
Sun Feb 14, 2016 8:34 pm
Forum: Investing - Theory, News & General
Topic: Switching brokerages
Replies: 5
Views: 723

Re: Switching brokerages

Will do, thanks guys.
by boglerocks
Sun Feb 14, 2016 2:17 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

Thanks Valuethinker, I thought angel investing and venture capital were subcategories of the private equity category. What are my tax obligations as an angel investor? Is there anything I can do to prevent the Living Dead scenario? What prevents any company from calling it quits after taking in fund...
by boglerocks
Sun Feb 14, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: Switching brokerages
Replies: 5
Views: 723

Switching brokerages

I'm switching brokerages from Scottrade to Interactive Brokers. I've opened an IB account but I still need to fund it and I believe the minimum is $10k. I have about $40k worth of stock in my Scottrade account with no cash there. Can I transfer the shares between accounts to avoid a new tax liabilit...
by boglerocks
Sat Feb 13, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

A lot of the gotchas mentioned above also apply to public equities which is a form of investment I'm comfortable with. Which apply only to private equity?

- no required disclosure
- very poor liquidity

Are there others?
by boglerocks
Fri Feb 12, 2016 1:44 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

Re: Private equity investment

Wow this sounds bad! I'm considering investing ~$50k in a single very small company I found "naturally" through the course of running my business. They weren't soliciting investment. I reached out to them because I like their technology and they were receptive. We're meeting soon. But it s...
by boglerocks
Wed Feb 03, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Private equity investment
Replies: 38
Views: 3042

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: 2161

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: 2161

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: 984

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: 984

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: 984

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: 2853

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: 6106

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: 984

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: 6106

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: 6106

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: 6106

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: 6106

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: 6106

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: 984

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: 6106

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: 6106

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: 984

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: 6106

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: 6106

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: 984

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...

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