Search found 814 matches

by vitaflo
Wed Dec 13, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 29
Views: 2753

Re: Vanguard will use blockchain to share index data

I understand that. But my question is if bitcoin is an implementation of blockchain, but you can create as many implementations of the block chain as you want, why would bitcoin have value. As an analogy it's like saying Vanguard is going to use the internet. That doesn't affect Facebook's price. F...
by vitaflo
Tue Dec 12, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19495

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

absauston wrote:
Tue Dec 12, 2017 9:02 pm
Remember fiat currency is worth what it is because it is based solely on the faith and credit of that particular economy.
Don't forget guns and bombs. Bitcoin doesn't have an army to protect its value like fiat does.
by vitaflo
Tue Dec 12, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: So bought Litecoin@ $150...
Replies: 14
Views: 2629

Re: So bought Litecoin@ $150...

What the heck. So put in 1K for fun.. I don't know what is going to happen but it hit 270 today and seems to be goin crazy.. Well the most I will lose is 1k. What gives ??? It's moving up fast because it was the cheapest coin on coinbase. People are too stupid to know what they're doing (thinking a...
by vitaflo
Mon Dec 11, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Snow Tires? Worth it?
Replies: 147
Views: 6021

Re: Snow Tires? Worth it?

Snow tires on a 2wd car is better in the snow than all-seasons in 4wd. Yes it's worth it. One of my better purchases.
by vitaflo
Sun Dec 10, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3946

Re: Buying index funds is just as speculative as buying Bitcoin

How is bitcoin different from hundreds of other available crypto currencies? Critical mass, availability of exchanges, and "brand recognition" for lack of a better term. You could have said the same about AOL in 1999. This would be my fear for cryptocurrency. When a crash happens, what's to say som...
by vitaflo
Sun Dec 10, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6678

Re: Bitcoin now the largest quantifiable bubble in history?

Cryptocurrency and blockchain technology aren't going anywhere. Bitcoin may eventually fall, but others will take it's place and the cumulative market value will eventually be in the trillions. I would advise everyone here to do some research on blockchain technologies while we are still in the ear...
by vitaflo
Sat Dec 09, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 92
Views: 6653

Re: Call the top! - Bitcoin

$20,345 I hope this bubble bursts soon as this whole thing is killing me inside. Several months ago a friend said we should invest in crypto. I said it was stupid and listed multiple times all the reasons why it is stupid. And yet here we are. Even if it goes to $100k next year it's still stupid.
by vitaflo
Tue Dec 05, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7054

Re: Lowering My Grocery Bill

Of course the easiest way to save money on food is to grow your own. Not everyone can do this, but in the summer months our food bills are drastically reduced because probably 80% of the food on our plate came out of the ground in our back yard. Plus it tastes so much better than the bland garbage y...
by vitaflo
Mon Dec 04, 2017 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 2790

Re: Who keeps more money out of 100k? Self-employed vs Employed?

Your profit may be $200,000, but your salary for your specialty should be $150,000. If you are set up as an S-corp, that extra $50,000 is not taxed at your top marginal tax rate, it is taxed as a distribution, like a dividend at 15 or 20%. That's not true. S-Corp distributions are taxed as income, ...
by vitaflo
Mon Dec 04, 2017 5:38 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19495

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So bitcoin definitely is not like any country-backed currency since it has no country. It seems like it is more like gold in the way it acts, since gold itself really has very little applicable value; it is just a thing that lots of people have given worth to (personally, gold means nothing to me e...
by vitaflo
Mon Dec 04, 2017 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 2790

Re: Who keeps more money out of 100k? Self-employed vs Employed?

Okay so employee 100k salary + benefits will always result in greater net compensation than a self-employed 100k (assuming little to no expenses). I wanted to think that there is something in the tax law that allows the business owner to keep more of their earnings vs. the employee, but I am guessi...
by vitaflo
Sun Dec 03, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25902

Re: Currently have $700,000 at 26 years old get $100,000 a year

When my friends graduate and leave campus they’re gone and no one really keeps up with them. The successful people I know my age aren’t making more than 100k-120k a year and I was never really friends with them. Do you see the problem here? You're 27 and still think you're in college. You're *that ...
by vitaflo
Sat Dec 02, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 25902

Re: Currently have $700,000 at 26 years old get $100,000 a year

For 30-40k I could probably get a used luxury car or lower end model luxury car, but most of my circle have really nice cars so I prefer having something a little better than many of them if I can afford it. If anything, this will be your downfall. You are one-upping everyone, but have no "sweat eq...
by vitaflo
Sat Dec 02, 2017 6:57 pm
Forum: Investing - Theory, News & General
Topic: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?
Replies: 10
Views: 965

Re: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?

My wife has been trying to get her RiverSource Flexible Annuity rolled over to Vanguard for years now. No luck. I swear we've filled out 5 different forms (each time they seem to say we need a different one, or different info on them) and each time something comes back saying they can't do it. If y...
by vitaflo
Sat Dec 02, 2017 6:35 pm
Forum: Investing - Theory, News & General
Topic: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?
Replies: 10
Views: 965

Re: Anyone switch brokerage account from Ameriprise or Wells Fargo to Vanguard?

My wife has been trying to get her RiverSource Flexible Annuity rolled over to Vanguard for years now. No luck. I swear we've filled out 5 different forms (each time they seem to say we need a different one, or different info on them) and each time something comes back saying they can't do it. If yo...
by vitaflo
Sat Dec 02, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19495

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

As far as the non-inflationary, I'm not sure what to tell you if you don't believe that there will only ever be 21M bitcoin. It is literally in the protocol. It's why I got involved with bitcoin in the first place. If anything it will be deflationary because lots of bitcoins have already been lost....
by vitaflo
Thu Nov 30, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16279

Re: Anyone tired of the stock market going up?

Maybe since the willingness and need to take risk is now lower maybe it is time for a change in asset allocation. 70/30 can go to 55/45 which is almost like take 20% off the equities but instead of cash you put it in bonds and CDs. Same thing, but instead of dreaded market timing, you are changing ...
by vitaflo
Wed Nov 29, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Which crash have you seen it before it is coming?
Replies: 134
Views: 9646

Re: Which crash have you seen it before it is coming?

I had a gut feeling a recession might be looming in mid-2007. In fact I turned down a lucrative job at a newly founded company because I wasn't sure they would survive if I ended up being right, so I kept my normal fairly stable job. I ended up being right, but whether that was luck or prescience on...
by vitaflo
Wed Nov 29, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17855

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

When there are companies built around the blockchain that do something then we can talk. And I’m sure some of you will inform me that there are already. :D Many companies are building products on blockchain tech. Some of them are crypto-currency of course, but many are other things. My company is w...
by vitaflo
Wed Nov 29, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17855

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Big lottery jackpot? Paid for by those buying in? When more players/buyers/sellers start to cash out/sell instead of buying into the game will the jackpot start to shrink? Can it go all the way to nothing? My speculation into most lottery jackpots have gone to $0.... every drawing I don't win somet...
by vitaflo
Tue Nov 28, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17855

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Blockchain may become very successful and important. But that does not mean Bitcoin has to. Blockchain is important and has a ton of potential uses. My company is working on one right now for a F500 company (not related to currency at all). It's a very cool technology. People saying Bitcoin is spec...
by vitaflo
Tue Nov 28, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17855

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Big lottery jackpot? Paid for by those buying in? When more players/buyers/sellers start to cash out/sell instead of buying into the game will the jackpot start to shrink? Can it go all the way to nothing? My speculation into most lottery jackpots have gone to $0.... every drawing I don't win somet...
by vitaflo
Mon Nov 27, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10734

Re: Didn't buy Bitcoin at $4600

alpine_boglehead wrote:
Mon Nov 27, 2017 3:55 pm
So it's just an insurance against bitcoins obliterating all other currencies :twisted:
To me, this is the only rational reason to own it.
by vitaflo
Mon Nov 27, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10734

Re: Didn't buy Bitcoin at $4600

I think your point is that Bitcoin is a non-governmental fiat currency in the same way that the dollar is a fiat currency. So, are you a currency speculator? If so, why is it that you think Bitcoin will outperform other currencies in the long haul? I'm not a believer in bitcoin, but I think the arg...
by vitaflo
Sat Nov 25, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Apple people: Office 365 or Apple's stuff?
Replies: 14
Views: 995

Re: Apple people: Office 365 or Apple's stuff?

Can Apple Numbers recognize and run macros built into Excel spreadsheets? For example, the many excellent Excel tools that have been built and shared by brilliant Bogleheads. No, Numbers doesn't support Macros, but most of the spreadsheets shared by Bogleheads work fine (I used a modified version o...
by vitaflo
Sat Nov 25, 2017 12:04 pm
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 3650

Re: What are average incomes for luxury vehicle purchases? Will help me decide

I know for example that a large number of luxury car drivers are leasing and the average incomes nationwide and statewide but not specific to a vehicle including with options etc nor their age, savings rate etc. Leasing statistics are a good way to know if a car will depreciate quickly or not. The ...
by vitaflo
Sat Nov 04, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest my emergency fund?
Replies: 29
Views: 3217

Re: Should I invest my emergency fund?

When you have no taxable account and need $50k in an EF, then sure keeping it in a bank account makes sense. But I'm of the belief that once your taxable account becomes big enough, you don't really need a dedicated emergency fund per se. This is especially true because money is fungible. If you hav...
by vitaflo
Mon Oct 16, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Non-US Valuations Look Attractive
Replies: 74
Views: 7731

Re: Larry Swedroe: Non-US Valuations Look Attractive

Keep in mind total Int is made up of 16% EM. Depending on your AA, you may already have enough EM exposure for your liking.
by vitaflo
Fri Oct 13, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7755

Re: How many miles/years do you keep your car?

Always buy new, sell when 10 years old or 150,000 miles, whichever comes first.
by vitaflo
Sun Oct 01, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: GE Fridge Water Dispenser issue
Replies: 9
Views: 821

Re: GE Fridge Water Dispenser issue

I discovered on my model, GE didn't put enough insulation on the freezer door, so the water line would freeze at random times. This is the most likely answer, as I (and all my neighbors in our development who have GE fridges) have the same problem. After the 3rd time of trying to get the line unfro...
by vitaflo
Sat Sep 23, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11351

Re: The Magic of Savings Rate

The reason MMM's formula is simple is because it's trying to explain a simple concept. That savings rate has a larger influence on retirement timelines than just income does. That's it. If you're looking into it any more than that you're wasting your time and missing the point. I've shown dozens of ...
by vitaflo
Fri Sep 22, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5648

Re: $3.6 million at age 25 - need investment advice

ThriftyPhD wrote:
Fri Sep 22, 2017 4:37 pm
don't tell anyone.
This. Those of us who became millionaires early learn this lesson fast. Nothing good ever comes of telling everyone how much money you have at a young age. Trust me.
by vitaflo
Fri Sep 22, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5648

Re: $3.6 million at age 25 - need investment advice

First of all, kudos to "selling high". But you also got very lucky. You've basically already won the game, and you have a lot of options available to you, but financially, they're pretty boring. Other than making sure you pay your taxes correctly, I would perhaps think more like someone who is close...
by vitaflo
Fri Sep 22, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: 1099 employees how do you mentally handle taking time off?
Replies: 25
Views: 1474

Re: 1099 employees how do you mentally handle taking time off?

I have trouble taking time off because I see it as subtracting dollars from my wallet, instead of just not making them. I think hey I should take the afternoon off and do ..., but then I think not only will it cost me the price of the activity but it cost me 4 hours of billable time. Obviously, any...
by vitaflo
Fri Sep 22, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 11069

Re: No More Saving???

Just wondering how many BH out there got to a point [in one's working years] where the need to save for retirement stopped? For example, has anyone stopped the accumulation phase before retiring? If so, please describe your situation. We have gotten to that point yes. If we put zero more dollars in...
by vitaflo
Sat Sep 16, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: S & P broke major technical/psychological number
Replies: 21
Views: 2953

Re: S & P broke major technical/psychological number

Also, not sure what "key psychological number" is supposed to mean. Don't remember Freud writing about that in my college textbooks. If 2500 is a "key psychological number" than is 3000 an even more "key psychological number"? People put auto-sells at round numbers. It's pretty common. 2500 is a ni...
by vitaflo
Thu Sep 07, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5969

Re: What is the main purpose of holding your current job?

I'll be doing my job the rest of my life. The difference is right now I do it for other people for money and when I retire I'll only do it for myself for free.

I'm much more excited to do the later, but because I need to eat, I do the former.
by vitaflo
Wed Sep 06, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 6092

Re: Wife believes 7+% returns from stock market are guaranteed

Not sure what's with all the snarky answers here. The reason banks don't put their money into stocks and instead lend it out for 4% is because stocks are a riskier investment than a mortgage. But risk means just that, the risk to lose it all. A Powerball ticket could have a 5 Billion % return, but t...
by vitaflo
Sat Aug 12, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Contractor job - what type of entity?
Replies: 12
Views: 1038

Re: Contractor job - what type of entity?

I'm not sure. Who would file the 1099, the employer or the employee? The employer is Canadian with no US employees, so may not know what a 1099 is. The client files the 1099, but it doesn't much matter if they do. You need to report all income regardless of if you get a 1099 or not. A 1099 is just ...
by vitaflo
Sat Aug 12, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Contractor job - what type of entity?
Replies: 12
Views: 1038

Re: Contractor job - what type of entity?

Have her file for an LLC with the state and get an EIN number for it from the IRS (more than likely the EIN is what the company is looking for). Set up a business bank account for checks to be deposited and expenses to be paid from. This can almost all be done online with not much money. For taxes s...
by vitaflo
Sun Aug 06, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Drinking water price craziness
Replies: 79
Views: 8295

Re: Drinking water price craziness

The Dan wrote:Turns out Aquafina water is pH 5, which I found surprisingly low.
This doesn't surprise me. A long time ago we used some extra Aquafina to fill a small fish tank (with one small fish). The fish died shortly thereafter. Never drank Aquafina again.
by vitaflo
Sun Jul 30, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 177
Views: 18342

Re: Tesla - next big lottery ticket ?

Tesla was a lottery ticket until early 2013. It's now worth $55 billion, more than Ford ($44 billion) and GM ($52 billion). For you to jump from "$350 a share to $1000 in less than a decade", Tesla would have to increase in value to $157 billion, which is about what Ford, GM, Honda and Mitsubishi c...
by vitaflo
Sat Jul 22, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any contractors who get benefits?
Replies: 9
Views: 1000

Re: Any contractors who get benefits?

As a contractor, look into SEP-IRA's and Solo 401k's. Both are a lot better than typical employee 401ks. The limits are much higher per year (up to $53k). They are the best benefit an independent contractor gets IMO. Plus you can invest anywhere and not be stuck with the funds an employer sponsored ...
by vitaflo
Fri Jul 21, 2017 6:00 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 7866

Re: Would you let your teenager spend all his savings on a gaming computer?

I highly suggest the OP watch this video with Terry Crews talking about building a gaming PC with his son. He didn't take it as a "oh no, gaming? Really?" He used it as a way to bond with his son. It's absolutely wonderful. https://www.youtube.com/watch?v=Pda_JiX3_JE Use this as a way to bond with y...
by vitaflo
Wed Jul 19, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 17
Views: 2263

Re: Help with XPath for ImportXML Google Sheets.

If a formula like this brings in some data for the first time, I don't want google to look it up every time the spreadsheet loads. Anyway to do this?. Some sort of macro like NVL(cellvalue, GoogleFinance())? Even if your code example worked, the spreadsheet would still attempt to load the GoogleFin...
by vitaflo
Wed Jul 19, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 17
Views: 2263

Re: Help with XPath for ImportXML Google Sheets.

Solved my own problem! Using the Price & Performance tab, here are the Price and SEC Yield. =importXML("https://personal.vanguard.com/us/JSP/Funds/VGITab/VGIFundPricePerfTabContent.jsf?FundIntExt=INT&FundId=0085","//*[@id='currentQuoteForm:priceTabletbody0']/tr[1]/td[2]") FYI, there's an even easie...
by vitaflo
Wed Jul 19, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 17
Views: 2263

Re: Help with XPath for ImportXML Google Sheets.

After some digging, it looks like Vanguard is loading those tabs with straight HTML. So I watched the page load in the Dev Inspector Tools and found the corresponding url for each tab that you can use for an ImportXML call. Here they are: https://personal.vanguard.com/us/JSP/Funds/VGITab/VGIFundOver...
by vitaflo
Wed Jul 19, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with XPath for ImportXML Google Sheets.
Replies: 17
Views: 2263

Re: Help with XPath for ImportXML Google Sheets.

Reviving this thread for a similar question... What would be the proper ImportXML formula and XPath to: 1. extract the Price or SEC Yield from: https://personal.vanguard.com/us/funds/snapshot?FundId=0085&FundIntExt=INT#tab=0 2. extract the P/E or P/B from: https://personal.vanguard.com/us/funds/sna...
by vitaflo
Sun Jul 16, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 20007

Re: How are folks handling the unprecedented rise in the market ?

I paid off my mortgage in 2016 (I had 94k remaining in 2013). House value 230k I maxed my 401k in 2016 and will again in 2017. Maxed my Roth in 2015, 2016, and 2017. I contributed to my wife's Roth in 2016. 2017 is TBD. I've also been investing in my taxable - VTI and Berkshire Hathaway. Freedom of...
by vitaflo
Sun Jul 16, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 7681

Re: 4% mortgage rate vs 2.5% BND yield

Because the question isn't mortgage vs total bond fund, the question is mortgage vs overall portfolio return. If your overall portfolio is expected to return less than a tax adjusted 4% then yes, it would make sense to pay down your mortgage. These are not equivalent investments. Paying on a mortga...