Search found 5598 matches

by market timer
Tue Feb 02, 2016 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Japanese wife's yen while living in the U.S.
Replies: 5
Views: 775

Re: What to do with Japanese wife's yen while living in the U.S.

There are two parts to this question: 1. How to invest the funds 2. Whether to exchange yen for dollars As an American (which your wife is also for tax purposes if you file jointly), I think you'll find it much easier to invest using a US brokerage account. The US makes it difficult for Americans to...
by market timer
Fri Jan 22, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead Way of Employment
Replies: 82
Views: 6625

Re: The Boglehead Way of Employment

I don't think there are any standard Boglehead recommendations on employment. Most of the agreement is on managing personal finances. Specific career recommendations would really depend on the person. DW and I found careers we enjoy by focusing on academics, so we will encourage that in our son. I d...
by market timer
Fri Jan 22, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1353
Views: 278932

Re: What Book Are You Currently Reading? Part VI

A Man in Full, by Tom Wolfe

Just started reading this one. I'm a big fan of Bonfire of the Vanities.
by market timer
Thu Jan 21, 2016 10:36 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275080

Re: What Movie Have You Recently Watched?

Just saw "Steve Jobs." Thought it was the best movie I've seen from 2015 so far. "Spotlight" was a solid movie, though pretty straightforward. "Hateful Eight" was not really my cup of tea, though I enjoyed the cinematography. "In the Heart of the Sea" was ente...
by market timer
Sat Jan 16, 2016 8:43 pm
Forum: Investing - Theory, News & General
Topic: Oil and the Stock Market - Why?
Replies: 27
Views: 1306

Re: Oil and the Stock Market - Why?

Oil is the collateral for many high yield bonds. If those issuers default, investors take losses. This has a contagion effect on the entire credit market. Oil prices also signal how strong is global demand.
by market timer
Sun Jan 10, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275080

Re: What Movie Have You Recently Watched?

Two movies that were better in previous editions:

"The Big Short": Great book, disappointing movie.

"The Walk": Much preferred "Man on Wire."
by market timer
Sat Jan 09, 2016 5:43 am
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2450

Re: NY Real Estate vs. The Stock Market

So, according to my calculation, you would have nearly 3 million had you invested in the stock market, and only 1.2 million with the house. Of course, I'm being simplistic with the numbers, but I think I'm in the ballpark. Where would they live? How much rent would they have to pay? You need to sub...
by market timer
Thu Jan 07, 2016 11:29 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 137
Views: 13817

Re: The Big Short

Totally off topic, but Dr. Michael Burry is kind of my Asperger's hero (I also have Asperger's). His speech at a UCLA graduation was amazing. I want to see the movie just so I can see how he is portrayed. There is not much other than Bale listing symptoms of Aspergers. If you haven't seen "Mar...
by market timer
Thu Jan 07, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 137
Views: 13817

Re: The Big Short

I had high expectations for the movie, but basically thought it was Cliffs Notes for the book. If you read the book, not sure you'll get much extra from this film. I thought the book was fantastic.
by market timer
Fri Jan 01, 2016 12:40 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 753
Views: 111335

Re: What are you up YTD? [Year To Date]

Finished the year +2%. Did well trading Treasury futures, as usual, but these gains were offset by losses in oil, mortgage REITs, equity REITs, and international equities. I take some comfort in the fact that 30-year TIPS started the year with a 0.8% yield and now yield close to 1.3%. Higher long te...
by market timer
Sat Dec 26, 2015 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: What is your savings rate?
Replies: 146
Views: 15123

Re: What is your savings rate?

This year, with a paid off condo and our only expenses being food, nanny, cosmetics, handbags, clothes, and travel, we saved 80% of net pay. Next year we will save less, with higher housing costs and private school tuition--maybe only half of net income.
by market timer
Wed Dec 23, 2015 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Filing status with nonresident alien spouse
Replies: 3
Views: 347

Re: Filing status with nonresident alien spouse

Thanks, Mark and Huey. That information is very helpful. I was confused about MFJ/MFS and the Sec 6013(g) election. It is the latter that cannot be switched twice, not the former. It looks like I will opt out of the Sec 6013(g) election and select Head of Household for the 2015 tax year. My wife is ...
by market timer
Tue Dec 22, 2015 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Filing status with nonresident alien spouse
Replies: 3
Views: 347

Filing status with nonresident alien spouse

I'm looking ahead to preparing my 2015 taxes and dreading it. The time involved in preparing my taxes the past two years was over 40 hours a year, and that was with an accountant who was paid $3000/year by my company. This is due in large part to issues related to my nonresident alien spouse, and my...
by market timer
Tue Dec 22, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 12145

Re: Biggest lucky break in your personal finances?

I have never really had any significant lucky breaks that were purely financial. My most meaningful breaks have been in academics, career, and marriage. Luckily, that has been enough.
by market timer
Sat Dec 19, 2015 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11067

Re: Can I Afford an $800k Home on $4K/month Take Home?

market timer, don't you intend to send your kid to private school? The public schools for these homes are not all that great partly because the nearby homeowners can afford to send their kids to private schools. They are all doctors, lawyers, Indian chiefs, and captains of industry who want the bes...
by market timer
Sat Dec 19, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11067

Re: Can I Afford an $800k Home on $4K/month Take Home?

I tend to be risk averse, so keep this in mind. What happens if: - OP loses his job - Housing market crashes - Significant repairs are needed in the future - Children pick super expensive college OP is a tenured prof, no? About as safe as you can get these days. House price fluctuations not a huge ...
by market timer
Sat Dec 19, 2015 10:07 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1353
Views: 278932

Re: What Book Are You Currently Reading? Part VI

Purity , by Franzen. From the Amazon blurb: "Purity is a grand story of youthful idealism, extreme fidelity, and murder. The author of The Corrections and Freedom has imagined a world of vividly original characters--Californians and East Germans, good parents and bad parents, journalists and l...
by market timer
Sat Dec 19, 2015 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Can I Afford an $800k Home on $4K/month Take Home?
Replies: 146
Views: 11067

Re: Can I Afford an $800k Home on $4K/month Take Home?

I think you can afford the house quite easily. You love the area and have enough to buy in cash. Why not? Here is what your financial picture will look like after buying the house: Gross income: $80K/year Expenses: $15K property taxes + $15K (?) income taxes + $40K (?) other Savings: $10K/year Retir...
by market timer
Fri Dec 18, 2015 10:34 pm
Forum: Investing - Theory, News & General
Topic: JP Morgan fined 307 mllion for not disclosing conflict of interest to investors
Replies: 7
Views: 692

Re: JP Morgan fined 307 mllion for not disclosing conflict of interest to investors

There are so many companies that are doing evil it's hard to keep track of them. Bank of America, Life Lock, etc… It's too bad they still stays in business. Not sure if the companies are any worse than they have been or the government is growing more desperate for revenue. It's kind of like using t...
by market timer
Thu Dec 17, 2015 1:12 am
Forum: Investing - Help with Personal Investments
Topic: EE Bonds for Long-Term Savings Vehicle
Replies: 29
Views: 1781

Re: EE Bonds for Long-Term Savings Vehicle

However, if you invest at 3% for 10 years, then at 4% for the remaining 10 years, you just about break even (1.03^10)*1.04^10 = 1.99. So with the EE bond you're betting that you won't be able to invest at more than 4% for a 10-year term or more within 10 years. I personally don't like that bet This...
by market timer
Mon Dec 14, 2015 11:22 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 5050

Re: Paying Kids For Good Grades -- do you do it?

sawhorse wrote:First of all, when you pay kids for good grades, you're equally likely to reward cheating as you are to reward honest hard work.

Not sure this is necessarily a bad thing. Part of education is learning which corners can be cut, IMHO. There is a great deal of pointless busy work in school and life.
by market timer
Sun Dec 13, 2015 10:59 am
Forum: Personal Consumer Issues
Topic: Paying Kids For Good Grades -- do you do it?
Replies: 94
Views: 5050

Re: Paying Kids For Good Grades -- do you do it?

We will soon be paying $15-25K/year in private school tuition. I hope that will provide enough incentive to take advantage of the opportunities he has. My parents paid for grades and SAT scores. It was all-or-nothing, though--either get all A's or try harder next time. In today's dollars, I think th...
by market timer
Sun Dec 13, 2015 10:14 am
Forum: Investing - Theory, News & General
Topic: Do Rising Rates Doom REITS?
Replies: 24
Views: 4174

Re: Do Rising Rates Doom REITS?

I've been concerned about our Vanguard REIT holdings and thought about selling some VNQ when the price recently came back above 80. It's come back down about 4% over the last month. Over the past six months, it seems that REITs are mostly trading in line with the stock market. There were some large...
by market timer
Sun Dec 13, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: Do Rising Rates Doom REITS?
Replies: 24
Views: 4174

Re: Do Rising Rates Doom REITS?

I can't follow the quote in bold. Does this mean "conventional wisdom" does have an evidentiary basis to support associating rising interest rates with poor returns from REITs ? Yes. The key difference between Larry's analysis and He et al. (2003) is that the latter control for equity pri...
by market timer
Sat Dec 12, 2015 11:31 pm
Forum: Investing - Theory, News & General
Topic: Do Rising Rates Doom REITS?
Replies: 24
Views: 4174

Re: Do Rising Rates Doom REITS?

Some attempt should be made to control for equity market performance as well. Rates could rise due to a decrease in risk aversion (positive for risk assets like equity REITs) or tighter monetary policy (negative for risk assets). It's the latter that is a concern for REIT holders. There is some acad...
by market timer
Sat Dec 12, 2015 9:23 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1353
Views: 278932

Re: What Book Are You Currently Reading? Part VI

Rise of the Robots: Technology and the Threat of a Jobless Future , by Martin Ford. Selected by FT and McKinsey as the 2015 business book of the year. I'm about halfway through. Ford sees us moving to a world where IT and automation are displacing workers, so there won't be enough jobs for everyone...
by market timer
Sun Dec 06, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to another country - converting currency
Replies: 9
Views: 759

Re: Moving to another country - converting currency

Could she open a US bank account and then instruct her Korean bank to wire funds to her US bank?
by market timer
Thu Dec 03, 2015 10:40 am
Forum: Investing - Theory, News & General
Topic: Commodities & Precious Metals
Replies: 15
Views: 1490

Re: Commodities & Precious Metals

I like commodities and precious metals at today's prices. I expect they will preserve buying power over the long run. That is their role in my portfolio. I'm not expecting anything more.
by market timer
Mon Nov 30, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: 2016 Obamacare-> What happens if make less than poverty level ($11800) in a state that didnt expand Medicaid?
Replies: 16
Views: 2472

Re: 2016 Obamacare-> What happens if make less than poverty level ($11800) in a state that didnt expand Medicaid?

How far are you from the limit? You could buy shares in something like the 2x mortgage REIT ETF (MORL) that has a 30% yield. You could even dividend harvest, buying various securities throughout the year just before the ex-div date, then selling after the ex-div date. Should be easy to create $12K i...
by market timer
Mon Nov 30, 2015 7:52 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275080

Re: What Movie Have You Recently Watched?

"Submarine" (2010) - British coming-of-age comedy about an alienated high school kid. Surprisingly good film, with a soundtrack from the Arctic Monkeys. Recommended to people who liked "Rushmore" (1998).
by market timer
Fri Nov 27, 2015 9:57 pm
Forum: Personal Consumer Issues
Topic: How do high earners get rid of their junk?
Replies: 59
Views: 8887

Re: How do high earners get rid of their junk?

I've had good luck buying quality used furniture on Craigslist in nice neighborhoods and from bulletin boards in luxury apartment complexes. This is in large urban areas. Not sure how things might be different in suburbs.
by market timer
Fri Nov 27, 2015 9:55 pm
Forum: Personal Consumer Issues
Topic: How do high earners get rid of their junk?
Replies: 59
Views: 8887

Re: How do high earners get rid of their junk?

edge wrote:Give away unwanted/unneeded items to charity.

+1 The tax deduction is more valuable if you are a high earner.
by market timer
Thu Nov 26, 2015 9:47 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275080

Re: What Movie Have You Recently Watched?

"The Lobster" - reminds me of the theater of the absurd that I had to read in school. Colin Farrell has to find a girlfriend in 45 days or turn into a lobster. It's a world with its own peculiar logic and the humor is all deadpan. Personally, I really enjoy this type of film, but it is not...
by market timer
Mon Nov 23, 2015 12:02 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1353
Views: 278932

Re: What Book Are You Currently Reading? Part VI

Finished Zero to One, by Peter Thiel. A quick read with practical tips on doing a startup.

Just started The Luminaries, by Eleanor Catton. This is historical fiction set in 1860s New Zealand during the gold rush. It won the 2013 Man Booker Prize.
by market timer
Sat Nov 21, 2015 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Parents - your favorite and most challenging years
Replies: 66
Views: 5793

Re: Parents - your favorite and most challenging years

We are enjoying our time with our son more as he is getting older, now age 2, and able to communicate better. We have a live-in nanny who makes life pretty easy for us (changes diapers, prepares food, bathes him, stays with him at night, etc.). When my son is older, maybe starting around age 5, I ho...
by market timer
Sat Nov 21, 2015 9:33 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 1353
Views: 278932

Re: What Book Are You Currently Reading? Part VI

Just finished Then We Came to the End, by Joshua Ferris. It's a book about office life circa 1999-2001 with an unconventional first-person plural narrative. Very funny and surprisingly touching at times. I found the narrative technique fascinating. Highly recommended.
by market timer
Sat Nov 21, 2015 8:18 pm
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 2459

Re: Series 7 Exam and Bogleheads

I'll probably get the study guides for series 7 and 65 for personal use and go over them at my convenience. If anything, it'll help me understand the mindset of those who wish to take advantage of us. As I recall, these exams deal with very dry rules and regulations. Many people who have to take th...
by market timer
Sat Nov 21, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Getting a bonus this year?
Replies: 74
Views: 7944

Re: Getting a bonus this year?

Around $100K. I made the company several million dollars.
by market timer
Thu Nov 19, 2015 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 26596

Re: High Earner Careers?

I would say this based upon my observation: it's a lot easier to find a high income career than it is to find a high income career where you love the job enough to put in the hours and deal with the stress associated with it and not blow up your home-life. It's generally easy to spot which group so...
by market timer
Fri Nov 13, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Worst night of my life [personal loan or cash out IRA to pay gambling debt]
Replies: 126
Views: 10944

Re: Worst night of my life [personal loan or cash out IRA to pay gambling debt]

Have you considered getting a 2nd mortgage or HELOC? With 50% home equity, you can probably get enough of a loan to pay off this high interest debt.
by market timer
Fri Nov 13, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 254
Views: 26596

Re: High Earner Careers?

I've had two high-income careers: the first in a role where performance was hard to measure, the second where it is much clearer. This switch was deliberate. Unless your value to the company is very clear, it is easy to find someone with a similar background to replace you, which limits your upside.
by market timer
Thu Nov 12, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Age 53 / Pay Off Student Loans with Inheritance?
Replies: 50
Views: 5035

Re: Age 53 / Pay Off Student Loans with Inheritance?

I'll play devil's advocate. Are you on an income based repayment plan now? If so, what are your monthly payments? Do you foresee them increasing in the next decade due to higher income?
by market timer
Wed Oct 28, 2015 9:03 am
Forum: Investing - Theory, News & General
Topic: Market timing 2-year treasuries using Martingale-style bets
Replies: 87
Views: 4129

Re: Market timing 2-year treasuries using Martingale-style bets

Are you assuming that if the 2-year futures trade at some level intraday that you are guaranteed the ability to trade at that level? This is potentially problematic. To be safe, I think you should assume you can trade at one tick above the low of the range.
by market timer
Tue Oct 27, 2015 8:34 pm
Forum: Investing - Theory, News & General
Topic: Market timing 2-year treasuries using Martingale-style bets
Replies: 87
Views: 4129

Re: Should I use margin to buy a balanced fund? [Martingale treasury]

There seems to be the implicit assumption in several of these posts that the 2-year yield will eventually yield more than short term financing costs for an arbitrarily long period of time--long enough to recoup an initial capital loss from rates going higher. This is a false assumption. It may seem ...
by market timer
Mon Oct 26, 2015 8:24 am
Forum: Investing - Theory, News & General
Topic: Market timing 2-year treasuries using Martingale-style bets
Replies: 87
Views: 4129

Re: Should I use margin to buy a balanced fund?

Right now, the idea is to buy 2N more contracts at the new lower price and sell N contracts at the average price. My position at the end will be the original N contracts, but I will be at 3N contracts for some amount of time. There is always the chance that the price will drop more before it recove...
by market timer
Sun Oct 25, 2015 1:26 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 25006

Re: What are your 2 retirement numbers?

My goal is $2 million (with a paid off house)... paid off house means less expenses, therefore less income required from my investable assets... I suppose I could say $2.5 million ($2 million and a $500k house), but that messes up the SWR calculations... I'm really pulling 4% from the $2 million, n...
by market timer
Sat Oct 24, 2015 4:15 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275080

Re: What Movie Have You Recently Watched?

"Sicario" (2015): Good crime movie. Loved the cinematography. "Southpaw" (2015): Meh, surprisingly trite for a Jake Gyllenhaal movie. Guess this is trying to be Rocky for millennials. "In the Mood for Love" (2000): Great movie. Enjoyed some of Wong Kar Wai's earlier wor...
by market timer
Thu Oct 22, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: What are your 2 retirement numbers?
Replies: 260
Views: 25006

Re: What are your 2 retirement numbers?

Once I became a millionaire, I decided I'd never have a job I didn't like again. That's the first number.

Once I found a job I enjoyed, the second number became irrelevant.
by market timer
Mon Oct 12, 2015 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Hard to live well and save on $1mm in NYC Metro
Replies: 37
Views: 2358

Re: Hard to live well and save on $1mm in NYC Metro

FIRE_in_CT has a good point: A typical $1mn HH income couple with kids in NYC metro is not living much better than other professionals. Everything they have might be a little bit nicer, but they don't really have the time to enjoy any of it, and it costs a fortune. The key is to get away from the ta...

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