Search found 232 matches

by gips
Fri Mar 24, 2017 12:15 am
Forum: Personal Consumer Issues
Topic: Wimbledon 2017 - Experiences?
Replies: 8
Views: 525

Re: Wimbledon 2017 - Experiences?

I was on a client project 5 years ago during Wimbledon. Finished early my last day, waited about 2 hours on the queue. Once through, waited another 20 mins, paid 5 euro for a show court through the exchange booth. overall, the price was very reasonable but I did have to wait 2.5 hours. I'm a tennis ...
by gips
Wed Mar 15, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: My Lehman Brothers windfall!!!
Replies: 22
Views: 4064

Re: My Lehman Brothers windfall!!!

we're friends with a couple that retired around age 35 after hitting it big at two startups. In 2008, closer to age 45, they lost millions as lehman bondholders. I give them credit, they never complained about it, just did what they had to (back to work, downsized, cut expenses, went back to work).
by gips
Sat Mar 04, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Starting a company for first time at age 50
Replies: 14
Views: 1320

Re: Starting a company for first time at age 50

co-founded company a very successful company at 52. Some thoughts: - first step was a spreadsheet (business plan) which modeled our business: revenue, expense, income, and growth projections. - we immediately setup a corporate structure to reduce liability in case of lawsuit. I wouldn't be able to s...
by gips
Fri Mar 03, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 1982

Re: Momentum and the risk of crashes

thanks larry, in thinking about it, I guess an s&p 500 index fund is a momentum fund of sorts :^)

best,
by gips
Fri Mar 03, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 1982

Re: Momentum and the risk of crashes

Well, momentum has been widely known for decades now and is still persistent, though like most premiums, including beta, they have shrunk some over time due to publication and lower costs of trading/implementation. But there are still human behavior which doesn't change, there are still not for pro...
by gips
Wed Mar 01, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15281

Re: Possibly Financially Independent and Feeling Miserable

I wonder if you're suffering from general depression/anxiety and what you're feeling about finances is an outgrowth of your general mental health. In any case, would you and your wife like to retire? have you thought about what you'll do? Have you carefully modeled all your expenses (travel, health ...
by gips
Wed Mar 01, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: Momentum and the risk of crashes
Replies: 18
Views: 1982

Re: Momentum and the risk of crashes

larry, thanks for posting the article, it was a good read. how would an individual investor make use of the information? If the author's are correct and a momentum strategy outperforms the broad market on a risk adjusted basis (including transaction fees), won't the strategy be widely implemented an...
by gips
Sun Feb 26, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 2826

Re: moving from landscaper/snow plower to diy in retirement

thanks for all the replies. I've done some research, I can get a floor model sear craftsman 20442 rider mower delivered for $1800. Comes w full warranty, well reviewed by consumer reports and on the sears site. Maybe I'm missing something but seems like the payoff would be one season or less. Anothe...
by gips
Sat Feb 25, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 2826

moving from landscaper/snow plower to diy in retirement

Hi, We live in ny and have about 1.5 acres of grass to cut. We've been using a landscaper, he's great but charges $80 per cut and $75 to plow our (long) driveway. Over the course of spring, summer and fall we pay him about $2400 just for cutting our lawn. Then there's spring cleanup, leaf pickup, pl...
by gips
Thu Feb 23, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 786

Re: retired but thinking about value of self-employed income

I see, my bad, I was thinking 28% fed and 10% state. In any case, even if my portfolio was spinning off $400k a year, I'd still choose to spinoff earned income to capture the deduction. that's the way I roll.
by gips
Thu Feb 23, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 786

Re: retired but thinking about value of self-employed income

Health insurance premiums are a deduction against self employment income. So are LTC insurance premiums. https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed this is my understanding. I'm not sure what randomguy means about making $400k, I'm making $0 in ...
by gips
Thu Feb 23, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: retired but thinking about value of self-employed income
Replies: 13
Views: 786

retired but thinking about value of self-employed income

I retired last year and we're using cobra, cost is $1600/month for our family of five. Not, sure, but it seems like I need self-employed income to deduct the $1600. So If I land in the 40% tax bracket, the $1600 of monthly income is worth closer to $2200. And then there's ability to contribute to a ...
by gips
Tue Feb 21, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10728

Re: Who would quit playing if they already won?

>>CDs vs High grade government bonds? there's not a one-size-fits-all answer for any of this but yes, for us, cd's make sense. there are quite a few threads on this. we recently moved money into the andrews 3.01% 84 month cd. it has a 6 month early withdrawal penalty so were I to withdraw after two ...
by gips
Tue Feb 21, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10728

Re: Who would quit playing if they already won?

Let me sound the voice of dissent, it's not entirely clear to me that living on a 2% withdrawal rate means you can blithely maintain a high equity allocation. for example, if you were 100% in equities and the market moved down 50%, your withdrawal rate would move to 4%, which may be too high. My app...
by gips
Wed Feb 08, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: finding a good estate lawyer (nyc, westchester)?
Replies: 9
Views: 608

Re: finding a good estate lawyer (nyc, westchester)?

^ good idea, but we use a large national accounting firm for our business and personal taxes as our tax situation was complex. I retired last year, there is some residual complexity but next year, I'll find a local accountant. still, it can't hurt to ask the partner that handles our business. thanks!
by gips
Wed Feb 08, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: finding a good estate lawyer (nyc, westchester)?
Replies: 9
Views: 608

finding a good estate lawyer (nyc, westchester)?

Hi, We need to do some fairly straightforward estate planning. I've asked around and have come to believe laymen have little sense if their estate lawyer has done a good job. Also, as one might imagine, cost is high in this area. how did you find your lawyer? How did you determine your lawyer did a ...
by gips
Mon Feb 06, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 318
Views: 21224

Re: Picking College and College Scholarships

I think the Ivy League and other super expensive schools are vastly over-rated (not sour grapes - I have multiple degrees from Ivy League schools myself). But the teaching isn't necessarily better at places like HYPS. In fact, I would argue that the teaching is usually worse at places like that. Mo...
by gips
Mon Feb 06, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 318
Views: 21224

Re: Picking College and College Scholarships

Upcoming visits: University of Chicago, for physics and math, showing interest in economics, so possible double major? Notre Dame Stanford Berkeley - considering passing, not a big fan the HIGH PC culture (not looking to start political debate, personal/ family judgement) Not planned yet: Need to b...
by gips
Fri Jan 13, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: pointers to info on medicare?
Replies: 8
Views: 603

pointers to info on medicare?

retired last year at 60, my wife is 53, I have another 13 months before cobra coverage ends, so trying to do some short and long-term planning. I don't know a thing about medicare other than the wikipedia article I just read. I'm interested in researching things like quality of service, cost, necess...
by gips
Tue Jan 10, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Prioritize college savings or retirement savings?
Replies: 6
Views: 643

Re: Prioritize college savings or retirement savings?

I just finished making our last payment for our oldest child, middle child is a soph and youngest will be starting next year. Our strategy was to maximize our state deduction for 529s ($10k), max our tax-advantaged savings (401k), and put the rest in taxable accounts. If you live in a state with goo...
by gips
Thu Jan 05, 2017 12:37 am
Forum: Investing - Theory, News & General
Topic: "Academic Research Doesn't Always Make Grade in Real World"
Replies: 47
Views: 3881

Re: "Academic Research Doesn't Always Make Grade in Real World"

I really don't understand the focus on tilts/factor based investing. let's say there's academic research that factor x (momentum for instance) outperforms the broad market index on a risk-adjusted basis. If true, given the efficiency of our markets, the premium should quickly disappear. more likely ...
by gips
Thu Jan 05, 2017 12:08 am
Forum: Investing - Theory, News & General
Topic: tax loss harvesting brokered cds?
Replies: 2
Views: 197

tax loss harvesting brokered cds?

I did some tax loss harvesting on dec 31. As I was sorting through my positions, it occurred to me that as interest rates rise, it might make sense to tax loss harvest my brokered CDs.

has anyone looked at this?

tia,
by gips
Sun Jan 01, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 19532

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

I retired this year and have a very simple rule for my equities allocation. I ask myself the question: "If the stock market falls 50%, will I have enough money to live comfortably to 85?". For me, this has resulted in a 40% allocation to equities. Honestly, I'm a lot more worried about my ...
by gips
Fri Dec 23, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 2660

Re: Cappuccino/Espresso machine recommendations?

I'm not a coffee geek but my wife loves good coffee so I did some research and, in boglehead spirit, found a way for her to make world class coffee while saving us lots of money. I purchased a good refurbished coffee grinder, the baratza virtuoso for about $185 and a home roaster https://www.amazon....
by gips
Fri Dec 23, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: depositing checks over the $250k FDIC limit
Replies: 13
Views: 1146

Re: depositing checks over the $250k FDIC limit

I'd just deposit and transfer the money. Personally, I'd get the uninsured amount out of the account asap even though the risk is probably very low.
by gips
Wed Dec 14, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: pushing sale to next year for lower cap gains rate?
Replies: 2
Views: 518

pushing sale to next year for lower cap gains rate?

Hi, I retired in the middle of this year. I have $300k of unrealized long-term cap gains in a single small cap stock that I received as payment for my company. the position represents about 40% of portfolio so I'd like to liquidate and diversify. Am I correct that as long as I keep my income (w2 and...
by gips
Tue Nov 29, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 79
Views: 9890

Re: Three fund portfolio for retirement

Bob,

what are current real yields of tips? When you say long and short term, what durations are you talking about? How much principal can an investor expect to lose if (I should really say when) rates rise 1%?

thanks,
by gips
Sat Nov 26, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 118713

Re: Share your net worth progression

a friend's sister is a prof at stanford, she convinced me that index funds were the way to go long before they were in vogue (I want to say over 30 years ago). The same friend suggested the millionaire next door and a random walk down wall st. The two of us followed different career paths and not su...
by gips
Tue Nov 22, 2016 3:52 pm
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1426

Re: Retail FX "Investing" [Foreign Exchange]

I have broad responsibilities in Capital Markets and FX being one of them. I am aware of exactly zero that would help. edge, I wouldn't expect someone that works in capital markets to be familiar with regulations as they apply to retail fx, but perhaps you do. In any case, there's strong circumstan...
by gips
Sat Nov 19, 2016 9:47 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

Re: How a friend legally front-ran the market and made millions

investorguy1, the connotation of front-running is that it's unethical, as stated in the link you provided. "Front running is the unethical practice of a broker trading an equity in his personal account based on advanced knowledge of pending orders from the brokerage firm or from clients, allowi...
by gips
Sat Nov 19, 2016 7:17 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

Re: How a friend legally front-ran the market and made millions

There is tons of front running all the time there is nothing amazing about it. Anyone can get access to level II quotes on the nasdaq. Another option is that when a stock is going to enter or exit the S&P 500 or another common index you could buy or sell the stock before the funds following the...
by gips
Sat Nov 19, 2016 5:13 pm
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1426

Re: Retail FX "Investing" [Foreign Exchange]

edge, I don't know, I wasn't a regulatory consultant and can't quote you specific regulations. Having said that, I worked with them before they were regulated by the CTFC/NFA and after so I was aware of some of the changes that were made to the platform to comply with regulations.
by gips
Sat Nov 19, 2016 4:31 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

Re: How a friend legally front-ran the market and made millions

pkcrafter, not sure, I want to say he told me about in 1994 or so. qwertyjazz, people are defrauded with investments schemes much more often than you think. For every bernie madoff, there are thousands, maybe 10s of thousands less than honest folks. at some point, working in this world, you have to ...
by gips
Sat Nov 19, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

Re: How a friend legally front-ran the market and made millions

furwut, not sure what you mean, it's very easy to illegally front-run . what my friend did was take advantage of currency pricing error based on the time difference between the US and japan. I was peripherally involved with the forerunner to the IEX architecture that was described in Flash Boys and ...
by gips
Sat Nov 19, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1426

Re: Retail FX "Investing" [Foreign Exchange]

larry, from an institutional point of view, you're correct, but this was a retail platform and the spreads were such that institutional traders didn't use the platform. In later years, the company created an institutional platform and there was some talk about sending the retail flow to the new plat...
by gips
Sat Nov 19, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

Re: How a friend legally front-ran the market and made millions

Livesoft, yes, thanks for pointing out he was using international funds.

Not sure how your two links relate to the topic on hand? He was not illegally manipulating Fx rates or trading ahead of client orders.
by gips
Sat Nov 19, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5176

How a friend legally front-ran the market and made millions

I used to play tennis with a bunch of college professors. One of the professors was try trying to beat the market by examining the correlation of the market to micro and macroeconomic factors. I've worked as a consultant to a number of asset and wealth managers and based on my experience, thought he...
by gips
Sat Nov 19, 2016 11:13 am
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1426

Re: Retail FX "Investing" [Foreign Exchange]

valuethinker's explanation is spot-on. However, before FX was regulated, the FX company also made markets. So they had the ability to look at everyone's position and make decisions on price. If your order was sitting on their book (as opposed to being hedged), they were able to capture your investme...
by gips
Wed Nov 16, 2016 6:07 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 112
Views: 9178

Re: Case study Broker trade executions

livesoft, late to this thread. exchanges post time and sales information and some brokers provide the information to their clients. Based on this information, you should be able to understand why your did or did not execute. Also, for moo and moc orders, brokers will get fined by the exchange for no...
by gips
Tue Nov 15, 2016 8:47 pm
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1426

Retail FX "Investing" [Foreign Exchange]

Over the course of my career, I served as a consultant to several retail FX trading companies. For one, we did a top down business process review and captured a number of key metrics for the business. It wasn't long before we discovered over 95% of investors lost their initial investment within 6 mo...
by gips
Tue Nov 15, 2016 8:10 pm
Forum: Investing - Theory, News & General
Topic: financial advisor core skillset
Replies: 18
Views: 1506

financial advisor core skillset

Over the course of my career, I served as a consultant to several asset and wealth managers. Over 10 years ago we did a project for a large, well-known wealth manager (I'll just say it wasn't vanguard) where we flew around the country to meet with their top FAs to gather their suggestions for comput...
by gips
Sat Oct 29, 2016 12:06 pm
Forum: Personal Consumer Issues
Topic: retirement woes
Replies: 8
Views: 1973

Re: retirement woes

Yeah, I feel like I should be busier/more active during the day and then read at night, same for online courses. But maybe I need to relax and let it happen as the urge moves me.
by gips
Sat Oct 29, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: retirement woes
Replies: 8
Views: 1973

retirement woes

I thought I would retire next year and had started to think about retirement in fuzzy ways but knew I had some time to think deeply about the topic. However, I was able to get out of a contractual obligation and retired 2 months ago. I immediately kept a long-standing promise to get my body in bette...
by gips
Sat Oct 29, 2016 12:10 am
Forum: Personal Consumer Issues
Topic: Anyone have experience with au pairs?
Replies: 13
Views: 2720

Re: Anyone have experience with au pairs?

We had 5 au pairs. I don't know what current costs are like but all in, it was much less expensive than a nanny. I believe I was able to set up a pre-tax spending account at work. The disadvantage was the two year limit. My advice is to request someone older, preferably someone that has graduated fr...
by gips
Sun Oct 23, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: move from fido brokered cds to bank for better rate?
Replies: 18
Views: 1325

Re: move from fido brokered cds to bank for better rate?

Are you comparing secondary market brokered CDs or new issue? The secondary market brokered CDs offer much higher yields than new issue for an inexplicable--to me--reason. (It won't work for you, since you have a large lump sum, but since I'm accumulating them slowly, I go even further and selectiv...
by gips
Sat Oct 22, 2016 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: move from fido brokered cds to bank for better rate?
Replies: 18
Views: 1325

move from fido brokered cds to bank for better rate?

Hi, I've been allocating about half my fi allocation to CDs. Recently $300k or so of fidelity brokered CDs in my IRA have matured, I'd prefer to reinvest on fido but purchasing one year CDs directly from banks yields an extra .45% or $1350. Seems to me that's too big a difference to ignore, but it w...
by gips
Mon Oct 10, 2016 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Side hustle
Replies: 57
Views: 8891

Re: Side hustle

My wife and I love wine. We were at a tasting and met the owner of one of the largest retail shops in Manhattan. His store was in an odd location and badly needed a website. We struck a handshake deal, I agreed to create a site within 6 months for a case of first growth wine. After we launched the ...

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