Search found 149 matches

by gips
Tue May 24, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: I just shorted the S&P, now what do I do?
Replies: 31
Views: 2849

Re: I just shorted the S&P, now what do I do?

I think it's perfectly acceptable to do whatever one wants with "play money" as long as it's viewed as gambling as opposed to investing. Unfortunately, many people can't control gambling (whether we're talking about the stock market or a casino) and money bleeds from investment funds to ga...
by gips
Mon May 23, 2016 2:49 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 62
Views: 1636

Re: What was your first investment?

paying for college.
by gips
Mon May 23, 2016 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Exclusivity and Real Estate Agents. Agree or Disagree?
Replies: 38
Views: 2317

Re: Exclusivity and Real Estate Agents. Agree or Disagree?

a lot depends on your market and market conditions. we used a single agent in nyc, a very tight market, there was so little inventory, it didn't matter at all, everyone was looking at the same stuff. one of the things we found different about the nyc market was that in the suburbs, we could run ring...
by gips
Sat May 21, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reality check - how am I doing
Replies: 50
Views: 5022

Re: Reality check - how am I doing

I find myself jealous sometimes I when I see others take fancy vacations to Hawaii or other cool places. Then I realize I've chosen to save money instead of spending it. you're eventually going to spend the money you're saving, right? do you think you'll get more enjoyment spending the money now, w...
by gips
Tue May 17, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Could I be held Liable for giving financial advice to a friend
Replies: 37
Views: 3605

Re: Could I be held Liable for giving financial advice to a friend

I work on wall st and am often asked for investment advice. Instead of offering specific advice, I talk about my investment philosophy and suggest a book or two (or the wiki for this site). My reason for this approach is a) I want to keep my friend should my investment advice go wrong and b) it's be...
by gips
Mon May 16, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating money, leave zero balance accounts active?
Replies: 5
Views: 312

Re: consolidating money, leave zero balance accounts active?

thanks...I guess I could leave $100 in the account.
by gips
Mon May 16, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating money, leave zero balance accounts active?
Replies: 5
Views: 312

consolidating money, leave zero balance accounts active?

Hi, We have accounts at a couple of brokers/wealth managers and would like to simplify by moving money to vanguard. So let's say I move my money at schwab to vanguard such that schwab has a zero balance. Ideally I'd like to close the schwab account but I'm thinking it might make sense to keep it ope...
by gips
Mon May 09, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: The crossover point [When can you retire?]
Replies: 59
Views: 9666

Re: The crossover point [When can you retire?]

I think a lot about the crossover number, defined by op as the point where income >= expenses. I'd love not to make any withdrawals and setup a self-sustaining trust for things like charities, college education for our grandchildren, etc. In some ways it seems unfair, in a more normal fi environment...
by gips
Sun May 08, 2016 8:21 pm
Forum: Personal Consumer Issues
Topic: Wine Buying, Rating, Storage Guides and Apps
Replies: 26
Views: 1771

Re: Wine Buying, Rating, Storage Guides and Apps

op, are you buying for pleasure, investment or both? if investment, parker is generally more influential than any other source. If pleasure, I'd suggest avoiding parker in favor of john gilman or gallioni.
by gips
Sat May 07, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: Sci-Fi ... your favorite movies and episodes??
Replies: 145
Views: 11941

Re: Sci-Fi ... your favorite movies and episodes??

here are some that I don't think have been mentioned:
safety not guaranteed (a good little indie that flew under the radar but has found an audience)
little shop of horrors (the musical)
stalker (Tarkovsky)

also, jack finney wrote the cult classic Time and Again, well-researched, very fine writing.
by gips
Sat Apr 30, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: anyone with experience with car with frontal collision alert?
Replies: 32
Views: 1592

Re: anyone wiht experience with car with frontal collision alert?

I have the subaru forrester with the same eyesight option. The car, equipped with eyesight, was rated one of the safest ever tested. The capabilities that eyesight offers are typically found on much more expensive cars. Additionally, I get 28 miles to the gallon and of course the car has awd. Add it...
by gips
Wed Apr 27, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: U. of Michigan, Indiana U. college visits
Replies: 21
Views: 1706

Re: U. of Michigan, Indiana U. college visits

son just finished junior year at UM: - I've had good success saving money using priceline for hotels. take a look at biddingfortravel site for recent prices. - if you live in a place with good ny style deli, zingerman's is good but not unique and it's expensive for aa. - we like zingerman's roadhous...
by gips
Wed Apr 27, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: College Savings approach/plan - pls critique & advise
Replies: 4
Views: 437

Re: College Savings approach/plan - pls critique & advise

- when our kids entered 8th grade, we told them we'd pay for a private school if they were admitted to a school demonstrably better than our state flagship - if you live in a state with a great state school (for example, va, mi, tx, ca), the bar is much higher for them. we live in ny, so it wasn't a...
by gips
Sun Apr 10, 2016 12:59 am
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 4861

Re: Burton G. Malkiel - New advice for bond portfolios

>> I mean that virtually every group of US stocks seems fully priced.
and I mean by definition, in the U.S. market, everything is always fully priced.

>>I find his bond substitution rationales a bit disingenuous.
agreed.
by gips
Sat Apr 09, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 4861

Re: Burton G. Malkiel - New advice for bond portfolios

>>My answer to any "this time it's different" (and the overconfidence it engenders) could be summed up in item number 4 of this excellent blog post: I agree with everything in that blog post. Let me add my own word of wisdom to the post "Knowing the probabilities doesn’t mean you know...
by gips
Sat Apr 09, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Burton G. Malkiel - New advice for bond portfolios
Replies: 41
Views: 4861

Re: Burton G. Malkiel - New advice for bond portfolios

>>Probably one the best posts I've seen in this forum. The underlined part could pertain to many of the debate posts here as well. How many times must >> "tune out the noise" be stated? here's the thing, if you get on an iceberg proof ship and it starts sinking, do you say to yourself &quo...
by gips
Sat Apr 09, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 25124

Re: College Admission Time, What parents need to be aware and how to be helpful

my son felt u mich was big and started at their residential college, basically a small lac feel within the big school. as i mentioned he transferred to u mich's ford school of pub policy this year and is no longer part of the res college. Still, he was very happy with his experience, not sure if the...
by gips
Sun Apr 03, 2016 12:45 am
Forum: Personal Finance (Not Investing)
Topic: College Admission Time, What parents need to be aware and how to be helpful
Replies: 284
Views: 25124

Re: College Admission Time, What parents need to be aware and how to be helpful

have a s at u mich, has been a great, great experience. The school is strong in just about everything, you have a year or two to figure it out and then focus. My son was in honors lsa the first two years, found his passion and was admitted to their ford school of public policy. the school offers a c...
by gips
Sat Apr 02, 2016 8:31 am
Forum: Investing - Theory, News & General
Topic: Who needs Money Market accounts any more?
Replies: 55
Views: 6279

Re: Who needs Money Market accounts any more?

I think of my checking account as a firewall to my mm account. If someone were to get hold of a blank check the most they'd get is what lies in my checking account.
by gips
Fri Apr 01, 2016 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: How best to invest home sale proceeds?
Replies: 13
Views: 1105

Re: How best to invest home sale proceeds?

first, congrats on your big profit! My suggestion is that you consider the risk/reward of higher exposure to equities in your taxable account.

luck!
by gips
Fri Apr 01, 2016 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: best portfolio tool(s)
Replies: 2
Views: 431

best portfolio tool(s)

Hi, I've read the wiki and searched the forum but I'm left wondering if there's a consensus on the strongest portfolio management tool. I have a mix of mutual funds, etfs, CDs and savings accounts. It would be great if it did the following: - priced securities at end of day - calculated asset alloca...
by gips
Thu Mar 31, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Carry business CC debt or pay additional taxes?
Replies: 5
Views: 300

Re: Carry business CC debt or pay additional taxes?

I owned a business with some partners and we looked at this every which way. I suspect the debate is not about taxes, rather it's about taking $70k out of his pocket.
by gips
Thu Mar 31, 2016 11:08 am
Forum: Investing - Theory, News & General
Topic: Your Questions for the Experts Panel Q&A @ Bogleheads Conference
Replies: 35
Views: 3416

Re: Your Questions for the Experts Panel Q&A @ Bogleheads Conference

I'd like to ask the panel the same question I posted for bogle: In the past, when interest rates were say 5%, there's was a symmetrical opportunity for principal loss/gain due to interest rate movement. Now, given our historically low interest rates, there's limited opportunity for principal appreci...
by gips
Thu Mar 31, 2016 10:40 am
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 64
Views: 6710

Re: Got a Question for Jack Bogle? Post it Here.

In the past, when interest rates were say 5%, there's was a symmetrical opportunity for principal loss/gain due to interest rate movement. Now, given our historically low interest rates, there's limited opportunity for principal appreciation due to interest rate movement. Given the lack of symmetry ...
by gips
Wed Mar 16, 2016 10:03 am
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 809

Re: characterizing restricted stock for asset allocation

>>It also comes to the question I asked before whether these RSUs loom large because saved assets don't amount to much yet. saved assets without the restricted stock (they are not RSUs) are sufficient to retire. >>Perhaps as different point of view, if the RSU is counted as stock and as a consequenc...
by gips
Tue Mar 15, 2016 7:09 pm
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 809

Re: characterizing restricted stock for asset allocation

thanks, sorry, should have been clearer. I own the stock but can't sell for another year...so I will definitely receive the stock. the stock-equity thing was a typo.
by gips
Tue Mar 15, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: characterizing restricted stock for asset allocation
Replies: 13
Views: 809

characterizing restricted stock for asset allocation

Hi, for the sake of this example, let's say my projected nest egg is $5. Two dollars is composed of a restricted small cap stock that can't be sold for another year. That leaves $3 to allocate now. (edit: I own the stock but can't sell for another year) My vanguard adviser has said to ignore the $2 ...
by gips
Sat Mar 12, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: avoiding premium customer service bank fees
Replies: 3
Views: 530

avoiding premium customer service bank fees

Hi, I've used citibank for many years, have generally been happy with them. The last couple of years I had a lot of money flowing through my account and they upgraded me to citigold service. IMO, the best feature of Citigold is the upgraded customer service. For example, I recently had a snafu, it w...
by gips
Tue Feb 23, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 6389

Re: where to get 3% real with the least amount of risk?

Again, it's a given we can't achieve a riskless 3% real in this environment.
by gips
Tue Feb 23, 2016 12:45 am
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 6389

Re: where to get 3% real with the least amount of risk?

this statement about p2p lending "Of course there may be some considerable downside; these platforms are relatively new." seems to be at odds with the idea of achieving a 3% real return with the least amount of risk since. as you point out, the platforms are new and I'd guess no one reall...
by gips
Mon Feb 22, 2016 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 6389

Re: where to get 3% real with the least amount of risk?

this statement about p2p lending "Of course there may be some considerable downside; these platforms are relatively new." seems to be at odds with the idea of achieving a 3% real return with the least amount of risk since. as you point out, the platforms are new and I'd guess no one really...
by gips
Mon Feb 22, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 6389

Re: where to get 3% real with the least amount of risk?

not looking for guarantee, just the least amount of risk.
by gips
Mon Feb 22, 2016 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: where to get 3% real with the least amount of risk?
Replies: 56
Views: 6389

where to get 3% real with the least amount of risk?

I'd be thrilled with 3% real returns for the next 10 years. what investment(s) do you think have the best chance of returning 3% real with the least amount of risk?
by gips
Mon Feb 22, 2016 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: the risk of withdrawing more money in early retirement
Replies: 18
Views: 2193

Re: the risk of withdrawing more money in early retirement

thanks all, the vpw links were interesting and I plan to grab Quinn's book for my kindle. we haven't done a lot of budgeting and I think that's part of the problem. While I'd never underestimate my wife's ability to spend money, it's hard for me to see how we'll spend an extra 1-2%. I guess we'll se...
by gips
Sun Feb 21, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: the risk of withdrawing more money in early retirement
Replies: 18
Views: 2193

the risk of withdrawing more money in early retirement

Hi, about a year away, my wife and I have started talking about withdrawal rates, I've advocated btw and 3 and 4 percent. She thinks we should aim for a higher withdrawal rate (perhaps 5 or 6 per cent) in early retirement. Her point is that right now we're healthy, mobile, etc but 10 years from now,...
by gips
Thu Feb 18, 2016 9:15 pm
Forum: Investing - Theory, News & General
Topic: best trading strategy to liquidate position?
Replies: 2
Views: 472

Re: best trading strategy to liquidate position?

thanks, do you think it's worth using a trading tool that offers up-to-date quotes and allows me to see depth of book? or I'd be happy with vwap, maybe I should try to find a trading platform that lets me delegate to an algo.
by gips
Thu Feb 18, 2016 7:49 pm
Forum: Investing - Theory, News & General
Topic: Matt Levine at Bloomberg Echoing Swedroe re: Factors
Replies: 1
Views: 546

Re: Matt Levine at Bloomberg Echoing Swedroe re: Factors

I've consulted at hedge funds and asset mgrs, I've long this statement to be the case:
"We are now realising that a lot of what we thought was alpha is actually an alternative form of beta"

a hedge fund working in efficient markets, given their incentive model, simply tilts them to risk.
by gips
Thu Feb 18, 2016 7:23 pm
Forum: Investing - Theory, News & General
Topic: best trading strategy to liquidate position?
Replies: 2
Views: 472

best trading strategy to liquidate position?

Hi, I don't believe one should dollar cost average getting into the market but I've never really thought about the best way to get out of the market. to complicate matters, the amount I hold, 50k shares, represents about 1/3 of the avg daily volume for the security. I get about 25 free trades at van...
by gips
Sat Feb 13, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: help please, burden of sister-in-law threatens happy marriage
Replies: 41
Views: 5391

Re: help please, burden of sister-in-law threatens happy marriage

The title of your post was about your own marriage. Central to this issue is how (or if) you and your wife differ on how to handle this situation. Can you elaborate on this? I don't want to give my sil a penny until she agrees to change her behavior: live on a budget which includes keeping track of...
by gips
Sat Feb 13, 2016 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: help please, burden of sister-in-law threatens happy marriage
Replies: 41
Views: 5391

Re: help please, burden of sister-in-law threatens happy marriage

thanks for all the sympathy and suggestions. Here are some thoughts/additional data points: - I believe she has substance abuse issues. She takes pain killers for the damage that her weight gain has wrought, anti-depressants and drinks a lot of wine - she sees a psychiatrist. I can only imagine what...
by gips
Sat Feb 13, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: help please, burden of sister-in-law threatens happy marriage
Replies: 41
Views: 5391

help please, burden of sister-in-law threatens happy marriage

when I first met my sister-in-law, she was one of the most beautiful women on our college campus. she brought her sister to one of our parties, we started dating, married and have had a happy marriage of 20 years. I'm getting ready to retire next year at 60 and we're in a very good place financially...
by gips
Tue Feb 02, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: coordinating sale of stock with others legal?
Replies: 5
Views: 820

coordinating sale of stock with others legal?

Hi, received restricted stock + cash for company as did my co-founders. when restriction is removed, we will own amount equal to the current daily volume. Is it legal for us to collude on the stock sale so as not to cause price movement: - on mondays - co-founder 1 is allowed to sell - on tuesdays -...
by gips
Thu Dec 31, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: planning retirement activities?
Replies: 9
Views: 1214

planning retirement activities?

I believe I'm about a year away from retirement. I'm working remotely a lot more now and starting to miss the office social environment. This has me worried about keeping busy/feeling isolated during retirement. I feel like I'll have to be careful not to sit at home and watch netflix series. I do ha...
by gips
Sun Oct 18, 2015 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: brokered cd rates half of bank rates for 1 year cds
Replies: 2
Views: 396

Re: brokered cd rates half of bank rates for 1 year cds

thanks, my ladder just goes out 3 years as I believe rates will rise. actually, now that I think of it, my one year cd matured so I need to purchase a 3 year cd, and brokered rates are competitive. problem solved!
by gips
Sun Oct 18, 2015 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: brokered cd rates half of bank rates for 1 year cds
Replies: 2
Views: 396

brokered cd rates half of bank rates for 1 year cds

I have a cd ladder and my one year leg just matured. highest brokered rate on vanguard/fidelity is .65, highest bank rate is about 1.35 (might be cit). It's very convenient to buy and sell in the brokered account but it seems worth the hassle for a large $ cd. thoughts? edit: I should add that I alr...
by gips
Tue Sep 15, 2015 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: any reason to delay loss to balance gain?
Replies: 2
Views: 231

any reason to delay loss to balance gain?

Hi, I received partial payment for a company sale this year, it gets reported as a long term capital gain,let's call it $1000 by way of illustration. I also have $500 in long-term capital losses in index funds at current market levels. So I can: option 1 - sell the index funds, lock in a $500 gain a...
by gips
Wed May 06, 2015 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a business, want advice on seller financing.
Replies: 6
Views: 942

Re: Selling a business, want advice on seller financing.

I don't understand your business but it seems like you're selling price is too low. I'd expect someone to pay 3-4 times your yearly profit. If your commissions are $200k/year, that would be about $600-$800k. Look at it like this, I have $300k to invest for the next five years. If I can reasonably ex...
by gips
Thu Apr 09, 2015 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: how to avoid $75k AMT tax hit next year?
Replies: 12
Views: 2562

Re: how to avoid $75k ATM tax hit next year?

slow n steady wrote:I would just go into the bank and get the cash. How many times a day do you have to take cash from the ATM? Exactly what type of business was this anyways? :D


:happy sorry, it should have been amt tax

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