Search found 2850 matches

by technovelist
Sat Jan 20, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 77
Views: 6667

Re: likely date for a bitcoin crash: does this make sense to you?

Honestly I think the biggest downfall won't be the currencies themselves, but rather the exchanges they are traded on, namely the rampant use of Tether. Tether (USDT) is supposed to be backed 1:1 with USD. Except the terms state they owe you nothing for the Tethers owned (in fact you cannot exchang...
by technovelist
Sat Jan 20, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax estimator that includes Social Security income?
Replies: 19
Views: 1880

Re: Federal tax estimator that includes Social Security income?

Taxact's tax calculator (under the "Next Year" tab) does that, but so far has not been updated with 2018 tax rates and brackets. Thanks, that's what I was looking for. I guess I'll have to wait until they update it. Resuscitating this old thread to report that Taxact has suspended the tax calculato...
by technovelist
Sat Jan 20, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2898

Re: Should I Cash Out my NML Whole Life Insurance?

Hey, a company ripped your parents off by selling you this whole life junk and now let's give this company a chance to try and sell you some more higher priced products. Term life should be shopped around thru any online or independent broker. Do not spend one second working with these scam artists...
by technovelist
Sat Jan 20, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cash Out my NML Whole Life Insurance?
Replies: 45
Views: 2898

Re: Should I Cash Out my NML Whole Life Insurance?

Why is it crazy to buy more life insurance 10 or 20 years in the future? :confused The reason buyers are motivated to pay for limited level priced insurance is because the household cash flow is stressed with other needs competing for money. Later in life when you're making more money than you've e...
by technovelist
Thu Jan 18, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 174
Views: 17664

Re: Anyone disenchanted with retirement?

There was also a sense of waste of abilities, and lack of satisfaction from a purely hedonistic/consumerist type of existence. I could have volunteered, but then why not do what I'm really good at and trained for, and go back to contributing through work? I think this is a very interesting question...
by technovelist
Mon Jan 15, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4458

Re: Almost a pathological fear of debt, to my detriment?

I don't have a fear of debt. I have had a mortgage most of my life (two different houses). However, I no longer have a mortgage because I paid it off earlier this year. In fact I have no debt of any kind at this point, other than whatever balances are on my credit cards, all of which will be paid of...
by technovelist
Mon Jan 15, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16636

Re: Buying and Spending Bitcoin

wow , in the future we wont need money at all... thats creepy! Bitcoin isn't money? Or did you mean simply no cash, just plastic? Not sure where USA is on this, but in the UK "touch and pay" chip credit and debit cards are big. And having sworn I'd never use it, I use it (credit card) that way all ...
by technovelist
Sun Jan 14, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2757

Re: Antarctica [anyone traveled there?]

Has anyone been there? Your thoughts on it. We are going with Tauck on Ponant Le Boreal. My wife and I have been there. It was unbelievably beautiful. Here are some of her pictures: https://www.flickr.com/photos/mothernature/sets/72157623350556279 Which cruise line/ship? RM Star Princess.
by technovelist
Sun Jan 14, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 126
Views: 16636

Re: Buying and Spending Bitcoin

I thought it might be fun to look at what https://coinmarketcap.com/ looked like in the past https://web.archive.org/web/20130701000000*/https://coinmarketcap.com/ The earliest page is from May 9, 2013 # Name Market Cap Price 1 Bitcoin $ 1,245,619,548 $ 111.87 2 Litecoin $ 59,056,771 $ 3.38 3 PPCoi...
by technovelist
Sun Jan 14, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2757

Re: Antarctica [anyone traveled there?]

The one thing that worries us, at our ages, is how far it would be in Antarctica should there be a really serious medical situation. OTOH, it's rather unlikely that "something" would happen right then. But still, it does give us pause... I believe when we went the cruise line demanded that we have ...
by technovelist
Sun Jan 14, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: Antarctica [anyone traveled there?]
Replies: 34
Views: 2757

Re: Antarctica [anyone traveled there?]

BrewOx wrote:
Thu Jan 11, 2018 7:45 am
Has anyone been there? Your thoughts on it. We are going with Tauck on Ponant Le Boreal.
My wife and I have been there. It was unbelievably beautiful.

Here are some of her pictures: https://www.flickr.com/photos/mothernat ... 3350556279
by technovelist
Sun Jan 14, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 3351

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

I also have used the retroactive coverage provisions of COBRA to avoid paying large premiums for a short time.

It's about as clear as anything in the health insurance industry ever is.
by technovelist
Thu Jan 11, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 1826

Re: Withdrawal sequencing

Almost every advice column on retirement tells you to take money out in a "tax-efficient way". But they never explain exactly what that means. So I wrote my own program to calculate the way to get the most after-tax cash flow, via Monte Carlo simulation of billions of different withdrawal options. T...
by technovelist
Thu Jan 11, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12119

Re: Is it time for me to "call in rich"?

I "retired" for the first time with a lot less money than you have, although I was also older and therefore closer to Social Security and Medicare eligibility. You're all set financially. As for what to do with all the free time, I've been working on my own projects and often don't have enough time ...
by technovelist
Thu Jan 11, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance options. Not good with this kind of stuff
Replies: 4
Views: 291

Re: Need help with insurance options. Not good with this kind of stuff

While health insurance is useful for routine doctor visits, prescriptions, and lab tests, its real purpose is to save you from financial disaster in case you need to be hospitalized and rack up six or seven figure medical bills. I've never heard of an employer plan that limits your ACA options. Can...
by technovelist
Wed Jan 10, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: antivirus for windows 7
Replies: 10
Views: 504

Re: antivirus for windows 7

If your friend wants to significantly reduce the worry about a computer virus, spyware, malware and not need to maintain the operating system on their PC then your friend should consider buying a Chromebook laptop as their next PC purchase. You cannot install traditional programs on a Chromebook, o...
by technovelist
Wed Jan 10, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17685

Re: Memo to those who have won the game: it's time to quit playing

By the numbers I have won the game but most of my portfolio is still in stocks. The underlying assumption here is that bonds have no risk. That is not always true. The two biggest risks for bonds are inflation and longevity risk, finding out in the 4th quarter of the game that you hadn't won it in ...
by technovelist
Wed Jan 10, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17685

Re: Memo to those who have won the game: it's time to quit playing

Won the game, get out ... into what? Liability matched, SPIA's, TIPS ...etc all have risks as well. Less history, as of yet haven't been stress tested. Potentially a cost (relatively lower rewards than might otherwise have been secured) during good times, but insurance that ultimately fails when ca...
by technovelist
Wed Jan 10, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 174
Views: 17664

Re: Anyone disenchanted with retirement?

Not me.

On the other hand, I've worked harder at some points in retirement than I ever did while working for an employer.

The difference is that I've worked on what I wanted to work on.
by technovelist
Wed Jan 10, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: antivirus for windows 7
Replies: 10
Views: 504

Re: antivirus for windows 7

HueyLD wrote:
Wed Jan 10, 2018 11:55 am
Try Microsoft Security Essentials (MSE). You can download it from Microsoft website and it is free.
That's what I use on my Windows 7 machines.
by technovelist
Wed Jan 10, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3028

Re: Should we keep this variable annuity?

^@technovelist As I've said before, BIL's insurance co, will market and sell SPIA's all day long, but VA's he has some great hesistancy. :?: I guess that his statement is the current state of the firm & country in 2016. But may not necessarily apply going forward. :annoyed In my opinion, VA's are a...
by technovelist
Wed Jan 10, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3028

Re: Should we keep this variable annuity?

Inflation-protected ones, yes, but I can't see any reason that insurance companies would stop selling nominal annuities. I was very surprised that MetLife got out of the personal life and annuity business. When we were trying to compare annuities 2008, I couldn't find a Prudential agent. :annoyed :...
by technovelist
Tue Jan 09, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3028

Re: Should we keep this variable annuity?

I can almost guaratee that SPIA rates will rise in the future along with inflation - but like everything else in life i do not know when - coudl be in a year or could be in 20 years. future BH who are waiting till 70 to 80yo, in inflationary conditions are going to face new purchasing SPIA realitie...
by technovelist
Mon Jan 08, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Anything I can do with my home equity?
Replies: 9
Views: 1411

Re: Anything I can do with my home equity?

I'll go with #4. You don't need any more real estate exposure especially in a ridiculously overpriced market like CA.
by technovelist
Mon Jan 08, 2018 12:53 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7929

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Looks like I need to earn some more money so I can keep a place in FL/TX and a place in NYC and spend half the year in each (-1 day in NYC). This seems like the best option to avoid the tax. Too bad the condo fees would probably be $300/month down south and $1000/month up in NY. Why not just visit ...
by technovelist
Mon Jan 08, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17290

Re: Buying Real Silver and Gold (Not Bitcoin)

You got to to come up with well over $1300 just for a 1 oz Gold American Eagle. The Local Coin Shop LCS shows SPOT WE BUY WE SELL 1320.09 1325.09 1370.09 The premium when they sell it to you is $50, which is 3.79% over spot. They will give you $5 over spot when they buy it back. So the spread is $4...
by technovelist
Sat Jan 06, 2018 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Am I market timing with my newly considered AA?
Replies: 11
Views: 852

Re: Am I market timing with my newly considered AA?

It sounds as though you are very close to having won the game, so you don't need to be aggressive. If I were in your position, I would go with the Harry Browne Permanent Portfolio, which is much less volatile than even 60/40 at the expense of a slightly lower CAGR. There have been a number of thread...
by technovelist
Fri Jan 05, 2018 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need $$ in taxable?
Replies: 26
Views: 4048

Re: Do I need $$ in taxable?

You can only do tax-loss harvesting in a taxable account. I know this is not a big topic right now, but I'm still using up my realized losses from a few years ago. If you don't care about that, then a Roth is much the same as a taxable account (with no taxes). I think of my Roth as an agressive acc...
by technovelist
Fri Jan 05, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7929

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

New York is one of the places where you feel crazy paying such high rent/taxes, but as soon as you leave you realize there is no substitute. If you want to live this life you need to pay the price. Try to just enjoy it. Money is a tool to help you live the life you want. I've lived in NYC (although...
by technovelist
Thu Jan 04, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 3028

Re: Should we keep this variable annuity?

These products are REALLY complicated.

If I were in your position I would look for a fee-only financial advisor who specializes in analyzing them for current holders.
by technovelist
Wed Jan 03, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 6754

Re: Do you eventually get accustomed to your higher balances?

You get accustomed to your higher balance, ten figure gains are fun to watch, however, consistent ten figure losses are hard to take. And that's the way it is . . . just stay on the bumpy road and hope for the best. Thanks for reading ~cfs~ Gaining or losing a billion dollars is a bit above my expe...
by technovelist
Wed Jan 03, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 180
Views: 17122

Re: Call the top! - Bitcoin

Entries are now closed. Here's the list of all valid entries: 14999 Top99% 16934.26 jadd806 17171 ensign_lee 17500 whiteprius 18675.83 johne417 12/18/17 (but bet invalid, made after that peak) 19500 Texas Radio 19876.54 LadyGeek 2/2/18 20001 siamond 20345 JonnyDVM 20432 ccieemeritus 12/14/2017 2131...
by technovelist
Wed Jan 03, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7929

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Silk McCue wrote:
Tue Jan 02, 2018 10:26 pm
Any chance you could find a more vibrant place to live in Texas and just visit NY more often. Maybe some extended stays in an AirBnB so that you can enjoy the city from time to time.
That would be what I would do in the OPs situation.
by technovelist
Tue Jan 02, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 11986

Re: Embarrassment Preventing Retirement Work: A factor for you?

HIinvestor wrote:
Tue Jan 02, 2018 4:27 am
I know some folks who retired from their full time careers and are doing various paid and unpaid activities now. None are doing it for the money—one was wondering Jung at Costco,
Wow, that sounds like a great job! I wonder what the interview was like?
by technovelist
Tue Jan 02, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 6754

Re: Do you eventually get accustomed to your higher balances?

It's a lot easier to get accustomed to higher balances than to lower ones.
by technovelist
Tue Jan 02, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Needed?
Replies: 6
Views: 323

Re: Life Insurance Needed?

How would your wife do if you got run over by the proverbial truck tomorrow?

I don't think you have enough investable assets to sustain her for the rest of her life, especially with a young child.

How much life insurance do you have, and for how long a term (assuming it is term)?
by technovelist
Tue Jan 02, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Backtesting is scary!
Replies: 10
Views: 1159

Re: Backtesting is scary!

I have been using https://www.portfoliovisualizer.com/backtest-portfolio to back test various portfolios, We are looking for a portfolio with a maximum draw down of less than -10% for 2008. In comparison to -45%, -10% t would be acceptable. As most of us know, 80% or more of the managed funds under...
by technovelist
Tue Jan 02, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 1983

Re: How to Get Money Out of One's Investments for a Early Retiree

"Either way, you have $50,000 that you can use for spending, but which of these is best depends on your other income." Yes, but then you have less dividend income going forward and since those shares are gone, you don't get any future capital appreciation on them. The reason every company in the DJ...
by technovelist
Tue Jan 02, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to Get Money Out of One's Investments for a Early Retiree
Replies: 24
Views: 1983

Re: How to Get Money Out of One's Investments for a Early Retiree

"pending the dividends and interest IS effectively selling that part of your return that appears in the form of interest and dividends. A withdrawal is a withdrawal is a withdrawal" I've read this over and over here, but I just cant force myself to agree. If I were the OP I would reconsider how the...
by technovelist
Tue Jan 02, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7929

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

If you're going to try to spent part of a year in NY while keeping your TX domicile, I would not purchase a property in NY. Stick with renting, and double and triple check the domicile laws since NY is quite greedy and overreaching when it comes to trying to get tax revenues. You will start off in ...
by technovelist
Tue Jan 02, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17290

Re: Buying Real Silver and Gold (Not Bitcoin)

I just checked wholesale prices for kilo bars of gold, and the spread is about 0.6% at the moment.

I should also point out that one bar is about $42,000, which is a significant amount for most people.

Other than on this forum, of course. :moneybag
by technovelist
Mon Jan 01, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17290

Re: Buying Real Silver and Gold (Not Bitcoin)

Did you know that Gold, Silver, Platinum and Palladium are considered currencies by the International Standards Organization? Don't believe me? See ISO 4217 ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, count...
by technovelist
Mon Jan 01, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

All correct (I invited in many of them)! In terms fo bust, I am simply referring o stocks that declined, companies that went of of business, and so forth. A simple list to show the risk of investing in individual stocks. YBTVA (my former employer). Went Chapter 11 in 2009, existing stock became wor...
by technovelist
Mon Jan 01, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

VA Linux -- most successful IPO in history (still?) in terms of first day pop. http://www.billiontrader.com/post/123 Had a market cap of $13billion after 1st day of trading. Sold a few years ago for $140mm, i.e. a loss of nearly 99% not including time value of money. I remember watching this one wi...
by technovelist
Mon Jan 01, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

All correct (I invited in many of them)! In terms fo bust, I am simply referring o stocks that declined, companies that went of of business, and so forth. A simple list to show the risk of investing in individual stocks. YBTVA (my former employer). Went Chapter 11 in 2009, existing stock became wor...
by technovelist
Mon Jan 01, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5281

Re: Individual Stocks That Went Bust

Va Linux: "On one day in December of 1999, VA Linux, a company with just 200 employees, shattered the record for a single day IPO. The stock, initially priced at $30, closed at $239, a 700 percent run-up. The company's 37-year-old chief executive became an instant billionaire -- on paper. Several ot...
by technovelist
Mon Jan 01, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 3593

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

I have the simplest method of all.

I pay no taxes because I keep my income below the taxable limits. :sharebeer
by technovelist
Sun Dec 31, 2017 9:25 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17290

Re: Buying Real Silver and Gold (Not Bitcoin)

I calculated the 2017 return of four Precious Metal Bullion: XAU Gold Bullion 22.83% XAG Silver Bullion 6.53% XPT Platinum Bullion 4.19% XPD Palladium Bullion 56.48% and on PM ETFs GLD 12.84% SLV 5.82% PPLT 2.56% PALL 55.87% Palladium was way up. 56.48% Platinum up only a little. 4.19%. Is now the ...
by technovelist
Sun Dec 31, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 17290

Re: Buying Real Silver and Gold (Not Bitcoin)

I think I can say without fear of contradiction that the futures contract price for gold will NEVER be at a discount to the current price. Gold has at times been in backwardation https://www.bullionstar.com/blogs/koos-jansen/new-york-and-london-gold-in-backwardation/ - future prices lower than curr...
by technovelist
Sun Dec 31, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: The Growing Peril of Index Funds: Too Much Tech
Replies: 67
Views: 5709

Re: The Growing Peril of Index Funds: Too Much Tech

...The higher the price goes, the more the index funds have to buy. No, they don't. That's just plain wrong, and I've already explained why it's wrong. If the Vanguard Total Stock Market Index Fund holds $20 billion in Apple stock, and the price of Apple stock doubles, then the fund needs to hold $...