Search found 205 matches

by gips
Tue Nov 29, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 60
Views: 5290

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: 383
Views: 87850

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: 1211

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: 4863

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: 4863

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: 1211

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: 4863

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: 4863

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: 1211

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: 4863

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: 4863

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: 1211

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: 49
Views: 6077

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: 1211

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: 1342

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: 1840

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: 1840

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: 2529

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: 1223

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: 1223

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: 8407

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 ...
by gips
Sat Oct 08, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Side hustle
Replies: 57
Views: 8407

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 s...
by gips
Fri Oct 07, 2016 9:24 pm
Forum: Personal Consumer Issues
Topic: best fitness tracker?
Replies: 34
Views: 2887

Re: best fitness tracker?

thanks to both of you, The studies confirm what I already had come to suspect, possession of exercise equipment doesn't improve overall health. I came to believe this when I found ellipticals and free weights trading for pennies on the dollar on craigslist. In any case, I'm specifically looking to p...
by gips
Fri Oct 07, 2016 8:31 pm
Forum: Personal Consumer Issues
Topic: best fitness tracker?
Replies: 34
Views: 2887

best fitness tracker?

Hi, retired 2 months ago, aggressively going after the promise so many of us have made: "I'll get my body in shape once I retire". I've averaged about an hour of cardio per day and resistance training three days per week. I've been using myfitnesspal.com and their ios app to keep track of ...
by gips
Sun Oct 02, 2016 7:52 am
Forum: Investing - Theory, News & General
Topic: Is Deutche Bank a buy?
Replies: 54
Views: 4208

Re: Is Deutche Bank a buy?

On a risk adjusted basis it's not a good buy or a bad buy. The same could be said for any liquid stock trading in an efficient market. That's why we index.
by gips
Wed Sep 28, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: 1 million to add to vanguard
Replies: 68
Views: 6254

Re: 1 million to add to vanguard

will you have another $1mm to invest next year? When I owned my business, it was throwing off about $1mm in investible assets per year. This made me a lot more comfortable with the risk of lump sum investing.
by gips
Sat Sep 24, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Securing work computer and USB drive
Replies: 86
Views: 5343

Re: Securing work computer and USB drive

I travel a lot so I keep all my personal files on google docs and use the free version of boxcryptor to encrypt the information. I believe the convenience of having access to the files virtually anywhere, anytime is worth the small risk of storing the files on the cloud. Having said that, I never fe...
by gips
Mon Sep 12, 2016 7:56 am
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4393

Re: 2006 mazda miata for daughter, 42k miles, $10k?

thank you for all the thoughtful replies. When I first considered buying the car, I thought it a faux sports car: something that looks like a sports car but doesn't drive like one. This thread changed my perception of the miata, I've become concerned how driving a real sports car will effect my daug...
by gips
Sun Sep 11, 2016 1:50 pm
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4393

2006 mazda miata for daughter, 42k miles, $10k?

Hi, My daughter is a high school senior, a good student and a very good, though inexperienced, driver. She's been driving our aged minivan which, with two kids in college, we don't really need. One of our friends is selling a 2006 mazda miata, 6 speed manual transmission, with 42k miles for 10k. The...
by gips
Thu Sep 01, 2016 8:52 am
Forum: Investing - Help with Personal Investments
Topic: trading out of a large position using dca?
Replies: 9
Views: 612

Re: trading out of a large position using dca?

If you sell a fixed dollar amount, you are selling more shares when the price is low and less shares when the price is high -- not a desired effect. A better strategy might be perhaps to sell a fixed number of shares regularly. yes, sorry if that wasn't clear, I plan to sell a fixed number of share...
by gips
Wed Aug 31, 2016 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: trading out of a large position using dca?
Replies: 9
Views: 612

Re: trading out of a large position using dca?

I'm an ex-employee, worth about $20/share. The stock is fairly volatile, I'm thinking dca will result in a smoothing of the volatility. I have 60 days of free commissions and an advanced trading platform from my broker. I've designed institutional trading platforms, so I have a sense of what I'm doi...
by gips
Wed Aug 31, 2016 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: trading out of a large position using dca?
Replies: 9
Views: 612

trading out of a large position using dca?

Hi,

I had about 100k shares of a small cap stock vest, avg daily volume is about 100k. I'm thinking about a 60 day dca vs. aggressively exiting the position over the course of a week or two. Thoughts?
by gips
Wed Aug 31, 2016 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 23016

Re: $50M+ - Need a sounding board/advice

I don't think this is a great place to get your questions answered. People here have varying levels of experience/knowledge and you have no way to separate the wheat from chaff. I'm guessing not too many of the people replying have experience managing that much money.. I've worked on and around wall...
by gips
Mon Aug 22, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: College preparation from a financial point of view
Replies: 27
Views: 1996

Re: College preparation from a financial point of view

I think livesoft's statement a little misleading. The $50k you've saved in your 529 plan may be enough for 2 years of college but it might not be enough for one year. I'll go out on a limb and say it probably won't be enough for two years if you include all costs.
by gips
Mon Aug 22, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: retirement websites/books?
Replies: 13
Views: 1282

Re: retirement websites/books?

yes, I need to figure out things like withdrawal rate, roth conversion strategy, social security, long term health care, etc. I know it seems like I should have had some of those things worked out before I decided to retire but I have a strong asset base.
by gips
Mon Aug 22, 2016 10:57 am
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 142
Views: 10170

Re: Favorite Restaurant Stop on Road Trips

every meal eaten in a chain restaurant is a missed opportunity to try something new, something local and support a small business. Isn't one of the points of life discovery and broadening horizons? I really try to think this way, but in actuality I just can't put this into place. We are a frugal fa...
by gips
Mon Aug 22, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: College preparation from a financial point of view
Replies: 27
Views: 1996

Re: College preparation from a financial point of view

- I think your first step is to run the expected financial contribution (EFC) calculation for about five target colleges. This will give you a general sense of what to expect. (google school name efc, for example yale efc calculator) - Next, take a look at your state university. Is it a good school?...
by gips
Mon Aug 22, 2016 1:17 am
Forum: Investing - Theory, News & General
Topic: Flash Boys Follow Up: IEX Exchange Goes Live
Replies: 7
Views: 1219

Re: Flash Boys Follow Up: IEX Exchange Goes Live

but the most conspicuous examples given were of the RBC traders making large trades on the behalf of their corporate clients. Those particular cases are made for front-running since they are sold in chunks not really. One of the main reasons RBC's institutional clients use RBC for large block trade...
by gips
Sun Aug 21, 2016 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: retirement websites/books?
Replies: 13
Views: 1282

retirement websites/books?

Hi,

I retired last week. I plan to continue to use this website but I was wondering could recommend forums/books specifically around retirement?

tia,
by gips
Sun Aug 21, 2016 11:43 pm
Forum: Personal Consumer Issues
Topic: Favorite Restaurant Stop on Road Trips
Replies: 142
Views: 10170

Re: Favorite Restaurant Stop on Road Trips

I'm stunned by all the chain recommendations. It's not that I don't think cracker barrel, in-n-out, etc. don't make good food, but IMO, every meal eaten in a chain restaurant is a missed opportunity to try something new, something local and support a small business. Isn't one of the points of life d...
by gips
Sat Aug 06, 2016 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected accelerated retirement (next week), checklist?
Replies: 25
Views: 2633

Re: unexpected accelerated retirement (next week), checklist?

thanks for all the informative replies! Here's some more info based on what people suggested: - My asset mgr is vanguard, so, lower fees, better choices than my 401k - I just turned 60 - Based on my separation agreement, I may not be able to claim unemployment. We'll see, it may be a negotiating poi...
by gips
Sat Aug 06, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: unexpected accelerated retirement (next week), checklist?
Replies: 25
Views: 2633

unexpected accelerated retirement (next week), checklist?

Hi, I had expected to retire Q1 of next year, learned that my last date with my company will be in about 2 weeks. I'm trying to think through the immediate things I need to do to prepare for separation from my company and retirement. Once I have a handle on that, I'll move to short, med and long-ter...
by gips
Tue Jul 12, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: S&P500 vs 3.5% Guaranteed
Replies: 22
Views: 2944

Re: S&P500 vs 3.5% Guaranteed

I suggest you buy now and then sell when the market drops again...just kidding, but it's a very common dynamic. Look, no one can tell you which is better because we don't understand your investment goals and where you stand against those goals. The only thing we can state with certainty is that you ...
by gips
Sun Jun 26, 2016 10:54 pm
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 12260

Re: What did you learn from the post-Brexit bloodbath?

Like some, I did my best to see Friday's huge drop as a "sale" and add to my investments, buying things I already wanted to own at their new lower prices (though only a little). Some observations from my end: ... So, what did you learn from Friday's trading, that you can share with others...
by gips
Fri Jun 24, 2016 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Housing/mortgages the boglehead way
Replies: 20
Views: 1919

Re: Housing/mortgages the boglehead way

>> Soon: Wife is thinking of having kids - to me, this is a red flag. your wife is thinking about having kids or you and your wife are thinking about having kids? - is your wife thinking about working once she has kids? Probably an important piece of data for planning. - My advice is to forget about...
by gips
Wed Jun 22, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: bicycle recommendations
Replies: 72
Views: 4917

Re: bicycle recommendations

I was doing a lot of analysis on this and someone on a bike forum recommended Just Ride, saved me a lot of time and money. "Forget the ultralight, uncomfortable bikes, flashy jerseys, clunky shoes that clip onto tiny pedals, the grinding out of endless miles. Instead, ride like you did when you...
by gips
Wed Jun 22, 2016 2:23 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 5118

Re: best wristwatch for the price

>>OP asked for "classy-looking" suggestions. point taken, it's more of a casual, sports watch. I guess what led me down that path is that OPs timex is a sport watch and doesn't meet my definition of classy (for me, it's simple, elegant design). here's an example of my definition of inexpen...
by gips
Wed Jun 22, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 5118

Re: best wristwatch for the price

>>Is Orange really considered "classy-looking" these days?
orange was never considered classy. that's the point.

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