Search found 1465 matches

by patrick
Sat Nov 11, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Risk of all eggs in one (brokerage) basket
Replies: 14
Views: 1790

Re: Risk of all eggs in one (brokerage) basket

At the same time, perhaps you should also take a look at this thread: https://www.bogleheads.org/forum/viewtopic.php?t=228799 It's always possible that something could go wrong with your specific account, either by fraud or perhaps just by an error. Even if you eventually manage to get it back, depe...
by patrick
Sat Nov 04, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: max out nondeductible 401K + savings bonds, deplete regular taxable savings -- good idea?
Replies: 2
Views: 355

max out nondeductible 401K + savings bonds, deplete regular taxable savings -- good idea?

Not long ago I had asked whether it would be a good idea to use the nondeductible traditional (aka non-Roth after tax) 401k contributions at all. I'm now convinced it is worth putting some savings into it, but am wondering if it is worth going beyond to the point of spending out of regular taxable s...
by patrick
Thu Oct 26, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: This credit union pays 2.5% up to 50K
Replies: 14
Views: 2831

Re: This credit union pays 2.5% up to 50K

The Brinks and Netspend debit cards are linked to 5% savings accounts. But! maximum balance is $5K/account. Assuming each account requires 10 debit transactions/mo to avoid fees, then to hold $50K, you'd need 10 accounts and 100 debit transactions/mo to avoid fees. That's not free stable money, tha...
by patrick
Thu Oct 26, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Capital One Money Market Increases to 1.10% APY
Replies: 16
Views: 2900

Re: Capital One Money Market Increases to 1.10% APY

All America Bank is still paying 1.5% APY.
by patrick
Sat Oct 14, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: GS Bank raised rate to 1.20%
Replies: 28
Views: 5196

Re: GS Bank raised rate to 1.20%

Do you have a "Mega Money Market" account with All America/Redneck Bank? How do you find the service, and ease of transfer of funds to and fro? Any gotchas? Have you used their "Redneck Rewards" checking (2.00% APY, but they make ya work for it)? Thanks! I do have the 1.5% Mega Money Market and it ...
by patrick
Sat Oct 14, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Which Streaming Service/Live TV?
Replies: 53
Views: 5620

Re: Which Streaming Service/Live TV?

Checking out DVDs from the public library is even cheaper ;)
by patrick
Sat Oct 14, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: GS Bank raised rate to 1.20%
Replies: 28
Views: 5196

Re: GS Bank raised rate to 1.20%

Still lower than the 1.5% at All America Bank.
by patrick
Sat Oct 14, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Barclays increases interest rate
Replies: 14
Views: 2741

Re: Barclays increases interest rate

Still below the 1.5% at All America Bank.
by patrick
Fri Oct 06, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 746

Re: Need for inflation protection w/SS and/or inflation-adjusted pensions?

All of your spending (except for paying off debt) would be subject to inflation. Having all of your bond portfolio in inflation-protected bonds would give you the least inflation risk, though of course your personal inflation rate is very unlikely to precisely match the CPI. On the other hand, you c...
by patrick
Thu Sep 21, 2017 9:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: Please Offer a Gold ETF
Replies: 96
Views: 5908

Re: Vanguard: Please Offer a Gold ETF

Why not jump ahead of the competition by opening the first uranium ETF?
by patrick
Wed Sep 13, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Experience with High Yielding Money Market Accounts
Replies: 31
Views: 3854

Re: Experience with High Yielding Money Market Accounts

I'd recommend Redneck Bank, which I have used more than a year. Why settle for 1.2% when Redneck Bank not only pays 1.5% but also has a picture of a horse on the debit card?
by patrick
Mon Sep 04, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: High interest checking or cash back credit cards?
Replies: 9
Views: 971

Re: High interest checking or cash back credit cards?

If you are going to use reward checking accounts you can do better than 2%. For example, the following accounts are available nationwide: 3% on $15000 at Lake Michigan Credit Union if you make 10 debit purchases a month 5% on $10000 at North point Bank if you make 15 debit purchases a month 4.59% on...
by patrick
Sat Sep 02, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Ally savings rate raised to 1.20%
Replies: 42
Views: 6172

Re: Ally savings rate raised to 1.20%

flamesabers wrote:
Fri Sep 01, 2017 9:24 pm
patrick wrote:
Fri Sep 01, 2017 6:18 pm
Still no match for Redneck Bank which pays 1.5% interest and, more importantly, had a picture of a horse on their debit cards.
Doesn't Wells Fargo have a picture of horses pulling a wagon on their debit cards? :P
It's just a silhouette on the Wells Fargo card ... it's not the same.
by patrick
Fri Sep 01, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Ally savings rate raised to 1.20%
Replies: 42
Views: 6172

Re: Ally savings rate raised to 1.20%

Still no match for Redneck Bank which pays 1.5% interest and, more importantly, had a picture of a horse on their debit cards.
by patrick
Wed Aug 30, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 6663

Re: Bad Idea to Have Zero Credit Cards?

Here is a solution that may work for you if your primary reason for not having credit cards is to control spending: Have one credit card. Put it in a plastic bag, in a bowl of water, and into a freezer. Using a card will become very inconvenient and time consuming. And so you will use it only in si...
by patrick
Mon Aug 21, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35301

Re: What is Bitcoin?

The light has returned. Those paleolithic guys probably thought they dodged a bullet. Well it's becoming clear to me that bitcoin, in its present form, will not be replacing US Dollars, Euro or Yen anytime soon. With transactions fees of $4 to $24 to buy a bottle of pop, it's useless for day-to-day...
by patrick
Sat Aug 19, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Teacher 403(b) signup - any tips?
Replies: 18
Views: 1865

Re: Teacher 403(b) signup - any tips?

For the 403(b) you'd probably have to check the list of funds from every vendor to be sure which is best. The employer might be able to give an overall list, but if not, there may be no alternative to asking each one.
by patrick
Sat Aug 19, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Media storage solutions
Replies: 16
Views: 1009

Re: Media storage solutions

Two things i would have a second disconnected raid copy and an online backup of important files through carbonite $75.00 per year. I have lost two external drives in the ladt year the pain is real. I don't think that carbonite is the best choice. Note that it won't back up files larger than 4GB unl...
by patrick
Sat Aug 05, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Use nondecutible IRA/401k contributions or regular taxable investment?
Replies: 4
Views: 309

Use nondecutible IRA/401k contributions or regular taxable investment?

I am trying to decide whether to use nondeductible retirement account contributions or to invest in regular taxable accounts instead. I am saving more than the 18000 401k limit each year and am not eligible to make Roth or deductible traditional IRA contributions. It seems I cannot use the backdoor ...
by patrick
Mon Jul 31, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit recommendations from Credit Karma?
Replies: 7
Views: 745

Re: Credit recommendations from Credit Karma?

It is an very well known fact that they are totally unreliable . Ignore them completely. They do get a kickback from the CCCs so they have an incentive to encourage traffic. CK is good for giving an easy way to view a summary of 2 credit reports. The scores are pretty useless, and the rest of the w...
by patrick
Sun Jul 30, 2017 4:26 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

The US index has provided decent long-term results, the ex-US index hasn't. Like I said many times before, it's absolute, not relative. Investing in the ex-US index hasn't provided an acceptable real return for a very long period of 24 years, while subjecting investors to a lot of volatility. I don...
by patrick
Sun Jul 30, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

We do not expect regular posters here to start threads titled "(someone) was right about individual stocks" that point to one or two individual stocks outperforming over the last 24 years. Did (someone) out there make a claim or prediction 24 years ago about that one or two stock outperforming? The...
by patrick
Sun Jul 30, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

I'm not at all saying international types or anyone here is less Bogleheadish. Some choose ultimate diversification, as you say, and some choose good enough diversification. Many Bogleheads make bets, pick subsets, tilt, hold more of a sector, hold a dreaded single stock or two, and yet it's avoidi...
by patrick
Sat Jul 29, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: Trusting Bitcoin [How do I protect my private key?]
Replies: 8
Views: 1175

Re: Trusting Bitcoin

You do not need to send your private key or passphrase to anyone else to send a bitcoin payment. You only "give up" these things to the software running on your computer, which produces a digital signature based on the private key, but doesn't reveal the private key to anyone else. Which is not to s...
by patrick
Sat Jul 29, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

Would you consider international investing a good idea if, instead of using an ex-US index, you only invested in countries with a long term record of performing better than the US? My answer... Sure, I would likely do that if I could pick and choose what countries I felt comfortable investing in. T...
by patrick
Sat Jul 29, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 6790

Re: Vanguard Money Market vs. Savings Accounts

I still don't see a good reason to prefer 1.1% on Vanguard Money Market over the 1.5% I get on my Redneck Bank deposit account. Vanguard not only lacks FDIC insurance, but far more importantly they lack a debit card with a picture of a horse on it.
by patrick
Sat Jul 29, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

Simple. The real return on the ex-US index over the last 20+ years has been pathetic, while being very volatile. Simply not a worthwhile investment. If the US index did just as poorly, I would say the same thing about that. Any investment that returns so little over such a long period of time while...
by patrick
Sat Jul 29, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

Significant ex-US index holdings would have been a pretty big drag on my portfolio, and I've been investing in the stock market for over 20 years. Fortunately, I didn't hold any. I don't think anyone who has held the ex-US index over the last three decades is happy with that, and that's a really lo...
by patrick
Mon Jul 24, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: John Bogle Has Been Right About Investing In International Stocks
Replies: 505
Views: 35577

Re: John Bogle Has Been Right About Investing In International Stocks

But if "past performance is a minor factor in making decisions" then how do you determine two asset classes should have similar returns? How long do you wait until you determine "the long run" return? From your post, it must be greater than 10 years, but is it 20, 50, 100, 1000? If they don't have ...
by patrick
Sun Jul 23, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: If markets efficient in local currency why would unhedged foreign equity holding provide adequate return
Replies: 18
Views: 1325

Re: If markets efficient in local currency why would unhedged foreign equity holding provide adequate return

If a Japanese investor bought US stocks, would you say that the Japanese investor had a speculative short position on the Japanese yen? Would you say that the Japanese investor had an investment that was not priced to provide an adequate return in Japanese yen? Why or why not?
by patrick
Sat Jul 22, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 9807

Re: The crowd is always wrong

History demonstrates that for most time periods, foreign markets have lower returns, higher standard deviations and lower Sharpe ratios. For example, portfolio visualizer goes back to 01/1986 and shows US market return as 10.2% (std dev = 15.1%, foreign market returns as 7.1% (std dev = 18.0%) with...
by patrick
Sat Jul 22, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 9807

Re: The crowd is always wrong

Also, I don't buy the home country bias argument for investing in USA. If I lived in Turkey and was buying the Turkish stock market, ok...home country bias. The USA has so many advantages over the rest of the world, that it would make sense to invest here no matter what country you live in. I would...
by patrick
Sat Jul 22, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 9807

Re: Can anyone convince me I need international stock in my portfolio?

The thing that bothers me about ex-US is the poor performance this century. It hasn't returned much since 2000. Lots of volatility for not much return over such a long period of time. Still, P/E is high which makes me skeptical that returns will suddenly increase radically and compensate for this l...
by patrick
Sat Jul 22, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: US and International Bond Fund Allocation
Replies: 109
Views: 9381

Re: US and International Bond Fund Allocation

In 2014, stocks differed by 16.7% but bonds only differed by 2.9% In 2015, stocks differed by 4.7% but bonds only differed by 0.7% In 2016, stocks differed by 8.0% but bonds only differed by 2.1% Interestingly, foreign bonds outperformed US bonds in each year, while the reverse happened with stocks...
by patrick
Sat Jul 22, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 9807

Re: The crowd is always wrong

"If you believe Jack Bogle, here's where you should invest." Why mess with what’s worked? “I believe the U.S. is the best place to invest,” Bogle told Bloomberg, earning our call of the day. “I’d bet that the U.S. will do better than the rest of the world. It is a simple bet on which economy is goi...
by patrick
Sat Jul 22, 2017 12:06 am
Forum: Investing - Theory, News & General
Topic: US and International Bond Fund Allocation
Replies: 109
Views: 9381

Re: US and International Bond Fund Allocation

I would generally expect bond returns to not differ by much when currency hedged, and thus not provide much diversification. Looking at the historical difference between US and international returns for Vanguard's total funds (unfortunately international bond only opened in 2013) seems to bear this ...
by patrick
Thu Jul 20, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 9807

Re: Can anyone convince me I need international stock in my portfolio?

I know there's a lot of debate here about whether international stock is really needed in a portfolio. I've read a lot of it and I still don't know what I think. Looking at the last 30 years, except for a few short periods, international stocks would have just been a drag on overall portfolio retur...
by patrick
Mon Jul 17, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4533

Re: Is the Total US Stock Market too concentrated?

So just to clarify you are saying that Alan isn't holding "money" in some generic sense. He's holding a derivative of currency and only currency matters. I didn't discuss checking accounts, but if you make an analogy from what I said about stocks and stock options, I said nearly the opposite. I sai...
by patrick
Mon Jul 17, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4533

Re: Is the Total US Stock Market too concentrated?

I'm not quite sure I'd call this the CAPM perspective, but here is what happens generally when someone has both an options position and a plain position in the same stock: Before: The guys short the option have A shares in the stock The guys short the option have -B contracts in the option which ha...
by patrick
Mon Jul 17, 2017 1:21 am
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4533

Re: Is the Total US Stock Market too concentrated?

Each option has two sides. If those who use options to go long in the underlying stock count as owning 5% to 20% of it, then those on the other side of those options should count as owning -5% to -20% of it. In the aggregate the options add up to zero. Counting the options as 0 is fine. But then yo...
by patrick
Mon Jul 17, 2017 12:12 am
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4533

Re: Is the Total US Stock Market too concentrated?

Each option has two sides. If those who use options to go long in the underlying stock count as owning 5% to 20% of it, then those on the other side of those options should count as owning -5% to -20% of it. In the aggregate the options add up to zero. Counting the options as 0 is fine. But then yo...
by patrick
Sun Jul 16, 2017 11:32 pm
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 4533

Re: Is the Total US Stock Market too concentrated?

US stock market participants, wherever they're located, in aggregate own the US stock market in its cap-weighted sense. It's impossible for it to be otherwise. That's both false and not impossible at all. For example shorting is getting quite popular now because of the prevalence of options. Which ...
by patrick
Sat Jul 08, 2017 7:19 am
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 77
Views: 6937

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

I wish that advocates of global cap-weighting, instead of simply shouting down U.S. tilters as being motivated purely by xenophobic "home bias," would instead look seriously at the question "if you take currency risk into account, how much does that shift the optimum portfolio away from cap-weighti...
by patrick
Fri Jul 07, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Weak Evidence for International in Vanguard Research - Am I Missing Something?
Replies: 77
Views: 6937

Re: Weak Evidence for International in Vanguard Research - Am I Missing Something?

If we were comparing the whole US market with investing in just whichever sector you worked in, would you consider the evidence weak if it only showed a modest volatility reduction if you went beyond your own sector?
by patrick
Sun Jul 02, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: Advice on Desktop PC
Replies: 87
Views: 5314

Re: Advice on Desktop PC

Can a new Tower (not desktop) computer with a full size case containing more than one hard drive-perhaps one SSD and one traditional?- and containing a sound card that puts output out for a good speaker system and also containing a video card and your choice of motherboard and CPU (main processor) ...
by patrick
Sun Jul 02, 2017 6:38 am
Forum: Personal Consumer Issues
Topic: Advice on Desktop PC
Replies: 87
Views: 5314

Re: Advice on Desktop PC

I'll downgrade the processor, but tentatively plan to stick with the SSD. I'll price the 8 vs 16 GB RAM before deciding. It may cost less to buy the machine configured with less memory and then buy the extra memory separately. Same goes for the SSD whew the price for a separate SSD is much less tha...
by patrick
Thu Jun 29, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Need Credit Card for International Travel
Replies: 45
Views: 3471

Re: Need Credit Card for International Travel

Yes exactly. Since my last question, I found that my NFCU debit card has some pretty low ATM fees when using the VisaPlus ATM in Montreal. That may be the solution for me. Cool. What's the worst that can happen from a one-time foreign ATM usage? A $5 fee? Not exactly life-changing. You could run in...
by patrick
Thu Jun 29, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: Why is it ok to avoid Chinese A Shares?
Replies: 41
Views: 3122

Re: Why is it ok to avoid Chinese A Shares?

Many people here defend US-only investing. I'll guess you don't want a rehash of those kinds of arguments here though. The problem with A shares (but not most of the other Chinese shares) is that they haven't been considered public markets. They have traditionally had very restrictive rules limiting...
by patrick
Tue Jun 27, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Help With Limited Choices/High ER Funds
Replies: 3
Views: 327

Re: 401k Help With Limited Choices/High ER Funds

You can reduce costs further if you work with all accounts together instead of the 401k in isolation. This would allow you to put the 401k all in FFFCX because it has the lowest costs of the limit Ted selection, and then increase the amount of stocks outside the 401k in order to have the desired amo...