Search found 67 matches

by fatlever
Wed Sep 20, 2017 7:42 am
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 28
Views: 1402

Re: Bitcoin AA - Just out of Curiousity

If somebody decides 5% of their allocation will be bitcoin, and it drops in half, will you sell stocks or bonds to buy more bitcoin? If it drops in half again, will you do the same? Rinse and repeat until your entire portfolio return is negative. Funny, I put around 5% in cryptos earlier this year....
by fatlever
Fri Sep 08, 2017 8:47 am
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 4602

Re: Do I need an Amazon Echo??.....

Teague wrote:
Wed Sep 06, 2017 10:20 pm
I asked my really smart neighbor who works for the NSA. He seems to think everybody should have one.
Between the Arlo cameras in every room, Alexa and Echo, I must have a lot of data to employ several NSA agents then :mrgreen:

Doing my best to stimulate the econmy
by fatlever
Sun Sep 03, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23195

Re: What is Bitcoin?

I guess I don't get it. Cryptocurrencies are ripe with fraud, practically by design, with their irreversible transactions, and very difficult security procedures. The likelihood of a boglehead (i.e. typical member of this forum) being able to successfully manage to invest a real sum of money (let's...
by fatlever
Tue Aug 29, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Couple in mid-30s looking for financial independence within 10 years
Replies: 34
Views: 6710

Re: Couple in mid-30s looking for financial independence within 10 years

Alternative Investments: $250K - Cryptocurrencies (BTC, ETH, LTC, BTH) 5% Interesting, recently I've commented a lot in the Bitcoin threads but I myself don't have THAT much in cryptos. The money I put in ballooned in quickly to be a large amount and I took most of it out leaving in only house mone...
by fatlever
Sun Aug 20, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23195

Re: What is Bitcoin?

(1) I'm confused why completely anonymous is EXTREMELY valuable. Can you give an example? (2) You are describing the benefits of blockchains, which all crypto-currencies use. Why is Bitcoin superior to the rest and will it remain so? (3) Why would someone use an extremely volatile currency for a lo...
by fatlever
Wed Aug 16, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

I posted the whole article here before and I think this is an interesting read comparing Bitcoin to modern day Swiss Bank accounts that provide privacy, anonymity and safe haven from corrupt and incompetent governments. His argument almost makes it seem like a necessity to hold Bitcoin drawing paral...
by fatlever
Tue Aug 15, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

Or people who call it a scam/bubble/etc do so because they understand the technical underpinnings and economic issues, and realize that there's absolutely no reason why any given cryptocurrency can't go to zero literally overnight. I'd never touch a cryptocurrency that has multiple known vulnerabil...
by fatlever
Tue Aug 15, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

Bitcoin has only the one source of return. Your point is reasonable, but here's some backstory you might not know about: Two weeks ago, bitcoin forked off to Bitcoin Cash. Those who held bitcoin before the fork now have tokens on both blockchains. So, for every bitcoin token they owned, they also g...
by fatlever
Tue Aug 15, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

Every sentence I read written by someone trying to support why they are buying bitcoin reinforces my believe that they are gambling and speculating. Isn't the difference between Investment vs Speculation the amount of risk taken? Benjamin Graham said: An investment operation is one which, upon thor...
by fatlever
Tue Aug 15, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

If you buy 1 bitcoin, in 100 years you'll still just have 1 bitcoin. The value of that bitcoin may be more than you paid for it. But that's still gambling, not investing. Because you're receiving no earnings/dividends. The only way you make money is if you sell it for more than you paid. With inves...
by fatlever
Tue Aug 15, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 124
Views: 8425

Re: Bitcoin

If you buy 1 bitcoin, in 100 years you'll still just have 1 bitcoin. The value of that bitcoin may be more than you paid for it. But that's still gambling, not investing. Because you're receiving no earnings/dividends. The only way you make money is if you sell it for more than you paid. With inves...
by fatlever
Tue Jul 18, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tumbling USD -- expats
Replies: 27
Views: 2567

Re: Tumbling USD -- expats

I have a little Swedish student debt at around ~2%. I need to pay quarterly payments. I recently paid in June and went back to check my balance which I convert to USD and I think I owe more now than I did before I paid :annoyed
by fatlever
Thu Jun 22, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Simplicity is beautiful.
Replies: 32
Views: 5775

Re: Simplicity is beautiful.

Vanguard LifeStrategy Growth Fund at Vanguard

and

Fidelity Four-in-One Index Fund at Fidelity

I fell into the slicing and dicing rabbit hole a few years ago and don't ever want to fall in again.
by fatlever
Mon Jun 05, 2017 9:37 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: The worst investment in 2014
Replies: 84
Views: 12071

Re: Bitcoin: The worst investment in 2014

Give it some time. It's going to 0 as it has no value. Value is worth, usefulness and utility. There are people today in Venezuela’s hyperinflation economy who are surviving and eating just because they have bitcoin. There are countries with negative interest rate where banks charge you interest to...
by fatlever
Mon Jun 05, 2017 1:57 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 103
Views: 14293

Re: Bitcoin: What is it, in Plain English

A ponzi scheme for internet libertarians or a way for criminals to launder money. Or both. Not that btc is the next big thing buts thats a bit of an ignorant statement. First, its crude to call those that use btc are internet libertarians or criminals. Its also a difficult comparison to say its a p...
by fatlever
Mon May 15, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 5357

Re: Can you suggest a mortgage lender who does not resell

Resell = Diversification, reduce risk Surprising that a lot of people on a forum that shuns holding individual stocks and trumpets diversification don't see that lenders also need to sell their loans to diversify against location/regional risk. Big banks won't even be able to pass their stress tests...
by fatlever
Sun Mar 19, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 173
Views: 19612

Re: "Millionaire Next Door" Net Worth Formula

It's a very handy rule of thumb for assessing one's net worth status. Expected Net Worth = Age(years) * total_income * 10% I am doing better than a few years ago since I took a 25% pay cut to a less stressful job. If I take another 50% pay cut, then I am going going to be a Prodigious Accumulator o...
by fatlever
Wed Nov 30, 2016 3:54 pm
Forum: Personal Consumer Issues
Topic: In search of weak LED lights
Replies: 12
Views: 1429

Re: In search of weak LED lights

I have adjustable brightness wifi LED lights that can be controlled with your phone or Alexa. They are a bit expensive though, got then for $22 a piece. Colors run about double that but the one in my porch is set to reddish which attracts less bugs than bug free lights and I can set it on a schedule...
by fatlever
Fri Dec 04, 2015 11:10 am
Forum: Personal Consumer Issues
Topic: What am I missing ? ... Smart Phones $100 vs. $600
Replies: 65
Views: 8410

Re: What am I missing ? ... Smart Phones $100 vs. $600

Ugggh, I have a Samsung Galaxy Note 3. Just realized that the new Note 5 DOES NOT have 2 features that make Samsung superior to Apple: removable battery and external memory card. I might be keeping this phone forever
by fatlever
Wed Dec 02, 2015 11:51 am
Forum: Personal Consumer Issues
Topic: What am I missing ? ... Smart Phones $100 vs. $600
Replies: 65
Views: 8410

Re: What am I missing ? ... Smart Phones $100 vs. $600

Techie here and enthusiast of mobile devices ever since the original Palm Pilots. What gets me is not just the difference between the $100 vs $600 modules but why are most people upgrading?!! I help a lot of people out with showing them what they can do on their phone, how they can configure things ...
by fatlever
Sat Oct 10, 2015 10:45 am
Forum: Personal Consumer Issues
Topic: LogMeIn to acquire LastPass
Replies: 46
Views: 4110

Re: LogMeIn to acquire LastPass

"Secondly, this acquisition provides us with access to resources that will enable us to innovate faster, as we continue to strive to deliver an even better product than the one you have come to know and love. It is also important to note that the current LastPass team is staying in place and r...
by fatlever
Sat Oct 03, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: Noises in the wall (bats?)
Replies: 35
Views: 3103

Re: Noises in the wall (bats?)

Mice. My family used to live in an old cottage for a couple of years when I was young and my room walls had lots of these movements and sounds.
by fatlever
Mon Sep 14, 2015 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Curious how other people maintain allocations over multiple accounts
Replies: 13
Views: 1454

Re: Curious how other people maintain allocations over multiple accounts

I think after sometime there will be no stocks at all in my retirement accounts at all if this continues (and would this be a bad thing?). For me, personally, this is a very bad thing. I have Roth 401K money in 3 accounts, a Roth IRA and a HSA. I'll never have to pay taxes on these and all the grow...
by fatlever
Sun Sep 13, 2015 11:02 am
Forum: Investing - Theory, News & General
Topic: The random road to portfolio returns over your lifetime
Replies: 10
Views: 1309

Re: The random road to portfolio returns over your lifetime

Investors typically have 20 years or so when they are putting most of their hard-earned shekels into their retirement portfolios. How about showing the difference is returns for 40 year periods, beginning at age 25 and ending at age 65? Also....I bet the returns look less scattered with the longer ...
by fatlever
Wed Aug 26, 2015 4:17 pm
Forum: Forum Issues and Administration
Topic: Broken record [most users ever online here]
Replies: 10
Views: 4616

Re: Broken record [most users ever online here]

Surely this some type of error or the forum has been hacked. We all know bogleheads ignore the noise, stay the course, and most aren't aren't aware of market gyrations.
by fatlever
Sun Aug 23, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: With Stock Market heading south
Replies: 95
Views: 13946

Re: With Stock Market heading south

A prolonged 20-25 year period of economic malaise that will probably occur sometime in our modern history and maybe in our lifetime. It may not be a dire scenario where we are are stockpiling food and guns but a scenario global economies are stuck in a rut and people are doing what they can to get ...
by fatlever
Sun Aug 23, 2015 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: With Stock Market heading south
Replies: 95
Views: 13946

Re: With Stock Market heading south

Investing is a marathon, not a sprint. If/when the market recovers, having bought on all the dips will have proven profitable. You're assuming that the market doesn't ever get back to where it was. That's the exact opposite of expecting that it will. Neither are guaranteed, but you either believe t...
by fatlever
Fri Aug 21, 2015 2:58 pm
Forum: Investing - Theory, News & General
Topic: anyone treating this as an RBD (really bad day)
Replies: 95
Views: 12473

Re: anyone treating this as an RBD (really bad day)

I had been waiting to get back in the market for my taxable account. I jumped the gun prematurely yesterday putting in 20K when the sale only started today It's been this price multiple times this year. Why is today special enough for you to "get back in"? Why didn't you get in back in Ja...
by fatlever
Thu Aug 20, 2015 3:34 pm
Forum: Investing - Theory, News & General
Topic: anyone treating this as an RBD (really bad day)
Replies: 95
Views: 12473

Re: anyone treating this as an RBD (really bad day)

I had been waiting to get back in the market for my taxable account.

I jumped the gun prematurely yesterday putting in 20K when the sale only started today :annoyed
by fatlever
Thu Mar 26, 2015 11:25 am
Forum: Personal Consumer Issues
Topic: Kendrick Lamar: Rapper with Boglehead Principles?
Replies: 14
Views: 2235

Re: Kendrick Lamar: Rapper with Boglehead Principles?

This isn't going to help his street cred :oops:

But he won't be broke in 10 years like ton of these artists :mrgreen:
by fatlever
Fri Mar 20, 2015 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 3938

Re: Lowest income at which able to Max 401k and IRA

Thanks for all the advice and I think more importantly how ppl are doing so much at different points in their lives and at different income levels. I am looking more carefully at my expenses, planning to cut back and thinking about downsizing still debating the Roth 401K. The reason for the Roth 401...
by fatlever
Thu Mar 19, 2015 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 3938

Re: Lowest income at which able to Max 401k and IRA

I appreciate all the responses. First time for me sharing my income/expenses. Also, it's really inspiring/motivating how some of you have managed to max at lower income points in your lives. I don't really consider myself a Boglehead. I am a wannabe Boglehead but my spending habits are pretty bad. I...
by fatlever
Thu Mar 19, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k as Emergency Fund - Just like Roth IRA?
Replies: 5
Views: 920

Re: Roth 401k as Emergency Fund - Just like Roth IRA?

Since the rules for determining taxable amounts differ between the two Roth plans, your idea is a good one. Distributions taken directly from the Roth 401k include a pro rated amount of contributions and earnings, so by rolling the Roth 401k into a Roth IRA you can generally avoid withdrawing earni...
by fatlever
Thu Mar 19, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Lowest income at which able to Max 401k and IRA
Replies: 31
Views: 3938

Lowest income at which able to Max 401k and IRA

It seems that 401K Max and IRA Max is given in these parts. At 125K income (single until maybe next year), with 2K per month mortgage and $700 per month car payments, I am really living paycheck to paycheck when I max Roth 401K, Roth IRA, and HSA with no taxable investing. I am really burnt out at m...
by fatlever
Mon Mar 16, 2015 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Credit Report Very Low For No Reason? Fixing it?
Replies: 60
Views: 4796

Re: Credit Report Very Low For No Reason? Fixing it?

You don't need 25 credit cards

-Your utilization is too high
-length of your credit history?
-# of new accounts?
-average age of accounts?
-hard pulls of your credit score? (you're seeking too much credit score)
by fatlever
Thu Mar 05, 2015 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 3174

Re: Talking Salary Tomorrow - HELP!

As I am getting older I think it is ridiculous that folks have to make a "pitch" for a better salary. The ultimate policy in life is that of supply and demand. If it was me I would just talk about what you have brought the company and see if there is room for an increase in salary to a hi...
by fatlever
Fri Feb 27, 2015 5:38 pm
Forum: Personal Consumer Issues
Topic: Is Vanguard understaffed?
Replies: 37
Views: 4562

Re: Is Vanguard understaffed?

This is interesting for me because I recently switched jobs to a Vanguard competitor. I work with building applications to process these transactions and I've found this to be by far the most complex systems, processes and procedures I've been involved in my career. All the government rules, tax rul...
by fatlever
Sat Feb 21, 2015 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k as Emergency Fund - Just like Roth IRA?
Replies: 5
Views: 920

Roth 401k as Emergency Fund - Just like Roth IRA?

I left my employer. I have a good portion of money in Roth 401k and the majority in Traditional 401k. I was wondering why I couldn't treat the Roth 401K money as an emergency fund? I could just roll it over to a Roth IRA when needed and then withdraw the contribution amount without tax consequences ...
by fatlever
Thu Feb 19, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is the median 401K worth?
Replies: 8
Views: 2703

Re: What is the median 401K worth?

Combined average 401k plus IRA balance was 260K according to Fidelity for those with both types of accounts with them. http://www.fidelity.com/inside-fidelity/employer-services/fidelity-average-401k-balance-nearly-doubles To provide a more complete picture of retirement savings, Fidelity also studie...
by fatlever
Mon Jan 26, 2015 1:06 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2937
Views: 863058

Re: What Movie Have You Recently Watched?

Watched the American Sniper. Not sure if it's an anti-war or pro-war movie. That's how good Clint Eastwood made this movie, that it is actually amenable to opposing interpretations (and therefore watchable by people of opposing political stripes) while remaining somewhat coherent. Seems to me to be...
by fatlever
Sat Nov 22, 2014 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Health Savings Plans
Replies: 3
Views: 694

Re: Retire Health Savings Plans

I switched jobs and I've also got an option for this plan in my new job. From what I'd gathered so far: * What medical expenses qualify? >> IRS Publication 502 (seems typical stuff HSA qualifies for) * Can this money be accessed for non-qualified expenses? If so, is there a penalty? >> Can't find in...
by fatlever
Thu Mar 20, 2014 6:49 pm
Forum: Investing - Theory, News & General
Topic: Population Decline and International Exposure
Replies: 19
Views: 2159

Re: Population Decline and International Exposure

Thank you everyone for your responses.

Funny what really led me into this rabbit hole was the fact that international is lagging :oops:
by fatlever
Sun Mar 16, 2014 1:06 pm
Forum: Investing - Theory, News & General
Topic: Population Decline and International Exposure
Replies: 19
Views: 2159

Population Decline and International Exposure

I was listening to Bill Gates on Charlie Rose a few weeks ago and Gates was matter of factly speaking about world population peak and decline somewhat to the effect of "we now know that the world population will peak around 2050." I really wasn't aware of this and I did some googling and f...
by fatlever
Wed Mar 05, 2014 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k Plan - Terrible Funds, Great Match
Replies: 21
Views: 1787

Re: New 401k Plan - Terrible Funds, Great Match

I'd feast on Mid-Caps (NTIAX) and put some on the side on stable value and rebalance a couple times a year.
by fatlever
Wed Mar 05, 2014 5:59 pm
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 8714

Re: Do you have a favorite chocolate bar?

I like chocolate but don't eat carbs. Does anyone have recommendations for chocolate without sugar or artificial sweeteners? Bitterness is fine; I drink tea and coffee black, without any additives. Victoria I started eating 85%+ cocoa for health reasons but I've acquired a taste for it. I tried 100...
by fatlever
Sat Jan 18, 2014 4:49 pm
Forum: Investing - Theory, News & General
Topic: technology's impact
Replies: 18
Views: 1531

Re: technology's impact

I've been thinking about this topic and been putting off reading this book. Your post just made me order it on kindle to read on a lazy Saturday afternoon. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies BTW, what's amazing is that this book started showin...
by fatlever
Sat Jan 18, 2014 4:41 pm
Forum: Investing - Theory, News & General
Topic: technology's impact
Replies: 18
Views: 1531

Re: technology's impact

I've been thinking about this topic and been putting off reading this book. Your post just made me order it on kindle to read on a lazy Saturday afternoon. The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies A revolution is under way. In recent years, Google’s ...
by fatlever
Sat Oct 26, 2013 1:05 pm
Forum: Forum Issues and Administration
Topic: Baidu spider crawling this site?
Replies: 19
Views: 3829

Re: Baidu spider crawling this site?

Peculiar_Investor wrote:Even the spiders and bots that visit Bogleheads are indexers. 8-)


Thanks for the laugh :mrgreen: