Search found 57 matches

by JonFromDimensionC137
Fri May 10, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25562

Re: Crypto bulls are back. Are you getting in?

Let's fast forward 20 years. What will be more valuable. A beanie baby, a tulip, or a bitcoin? At least with a beanie baby, you can always find a 2 year old that will love it for a few days/weeks. My wife will likely still plant tulips in 20 years. I'm guessing that bitcoin will likely be worth les...
by JonFromDimensionC137
Wed Feb 06, 2019 7:09 pm
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 10883

Re: Ally Bank's nightmarish online reviews -- should I be worried?

I've used Ally for a couple years now and have had a fantastic experience. Sending/receiving wires, push/pulling ach payments, open/closing CDs, savings/checking accounts, and credit card offerings have all gone well for me. Every interaction with customer service has exceeded expectations and their...
by JonFromDimensionC137
Tue Feb 05, 2019 6:50 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 300522

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

Interesting thread. Hope it works out for you and you stick around to tell us all about it. One risk that I didn't see mentioned is the ability of the ETF to actually rebalance properly for negligible costs even in extreme market conditions. For example, if the market hits its circuit breakers, the ...
by JonFromDimensionC137
Tue Feb 05, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14132

Re: What do you think are (some of) the best states to live in?

As someone who lives in NY (for now), certainly not NY! As someone offered to relocate out of NY or be fired from a high paying job, I am leaning towards being fired. I love NY, we have it all here. Not to say I couldn’t be happy elsewhere, loved MA as a college student. But the company wants me to...
by JonFromDimensionC137
Fri Jan 11, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Who's flying?
Replies: 83
Views: 10758

Re: Who's flying?

I flew out of JFK on Saturday with no precheck and it took less than 5 minutes to clear security.
by JonFromDimensionC137
Thu Jan 10, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]

wootwoot wrote:
Thu Jan 10, 2019 8:13 am
Is Vanguard going to stop options trading and margin next? It's hard to keep a consistent message when you ban inverse and leveraged ETFs but allow options and margin.
Options I'm not sure about, but some people (myself included) use a margin account as an emergency fund.
by JonFromDimensionC137
Thu Jan 10, 2019 3:09 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

It is completely possible to lose money over a long period in a leveraged fund even when the index makes money. Using the last 10 years as evidence is laughable as there has never been another 10-year period of such low volatility in the past. This table from the SPXL (3x long S&P) prospectus shows...
by JonFromDimensionC137
Thu Jan 10, 2019 3:08 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

It is completely possible to lose money over a long period in a leveraged fund even when the index makes money. Using the last 10 years as evidence is laughable as there has never been another 10-year period of such low volatility in the past. This table from the SPXL (3x long S&P) prospectus shows...
by JonFromDimensionC137
Wed Jan 09, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

It is completely possible to lose money over a long period in a leveraged fund even when the index makes money. Using the last 10 years as evidence is laughable as there has never been another 10-year period of such low volatility in the past. This table from the SPXL (3x long S&P) prospectus shows...
by JonFromDimensionC137
Wed Jan 09, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

There is no reason for a retail investor to ever touch these funds. They're absolute money pits. You're free to go open a brokerage account elsewhere and trade them, just like Vanguard is free to help customers avoid destructive decisions. Lifecycle investing is a legitimate strategy that uses leve...
by JonFromDimensionC137
Tue Jan 08, 2019 7:41 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

There is no reason for a retail investor to ever touch these funds. They're absolute money pits. You're free to go open a brokerage account elsewhere and trade them, just like Vanguard is free to help customers avoid destructive decisions. Lifecycle investing is a legitimate strategy that uses leve...
by JonFromDimensionC137
Tue Jan 08, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

There is no reason for a retail investor to ever touch these funds. They're absolute money pits. You're free to go open a brokerage account elsewhere and trade them, just like Vanguard is free to help customers avoid destructive decisions. Where is the line drawn? I personally know individuals that...
by JonFromDimensionC137
Tue Jan 08, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 10542

Re: More Nanny State From Vanguard

There is no reason for a retail investor to ever touch these funds. They're absolute money pits. You're free to go open a brokerage account elsewhere and trade them, just like Vanguard is free to help customers avoid destructive decisions.
by JonFromDimensionC137
Tue Jan 08, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14132

Re: What do you think are (some of) the best states to live in?

As someone who lives in NY (for now), certainly not NY!
by JonFromDimensionC137
Mon Nov 19, 2018 10:42 pm
Forum: Personal Investments
Topic: Ally No Penalty CD vs. Ally MM Savings?
Replies: 15
Views: 1793

Re: Ally No Penalty CD vs. Ally MM Savings?

Happy holidays. Is there any downside to putting one’s emergency fund in an Ally No Penalty CD (11 mos.) at 2.2% vs. just using the regular MM savings, now at 2%? I know it’s not a huge difference, but ... you know. ... thanks, Rob Theoretically Ally could increase the interest rate on the Savings ...
by JonFromDimensionC137
Thu Oct 18, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 630
Views: 72718

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Thanks for sharing OP.

I plan to take out a margin loan (3.19% with Interactive Brokers) to take advantage of this.
by JonFromDimensionC137
Wed Aug 29, 2018 5:11 am
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 101
Views: 12884

Re: Call the Top!

3052.2
Hope I'm wrong!
by JonFromDimensionC137
Tue Aug 28, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest USD to EUR conversion 160K+
Replies: 2
Views: 339

Re: Cheapest USD to EUR conversion 160K+

I use Interactive Brokers, like suggested above, and find it to be quick and easy. It's up to you whether or not setting that up is worth saving ~$500 here (more if this is a recurring thing).
by JonFromDimensionC137
Mon Aug 20, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: I saved $3,200 on a $23,500 car with minimal stress.
Replies: 45
Views: 6395

Re: I saved $3,200 on a $23,500 car with minimal stress.

As a step 6, you can take the best offer, go to the closest dealers and probably get them to match or maybe even beat, and save yourself and a friend a 200 mile round trip. Yeah, that's an alternate and possibly more effective approach. I really wanted to avoid any back and forth negotiation so I s...
by JonFromDimensionC137
Sat Apr 22, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 4049

Re: Dedicating your bonus to something

This year I spent 1% of my bonus on a nice gift to myself. The other 99% I spent on a different gift for myself: VTI :sharebeer
by JonFromDimensionC137
Sat Apr 01, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 12961

Re: What career helped you become wealthy?

Does anyone trade/invest for a living? You won't find many traders on the forum; it goes a tad against the BH philosophy. But many here invest for life. They may not actively trade their own money. Any traders (by profession) or quants or other financial industry people? Curious to know if there ar...
by JonFromDimensionC137
Sat Mar 04, 2017 2:11 pm
Forum: Personal Investments
Topic: Making a big bet and borrowing from 401K
Replies: 31
Views: 3946

Re: Making a big bet and borrowing from 401K

fourwedge wrote:
Both of these bets have a house edge of 5.26%.
and this is more than tripled if you include the taxes he'll be paying if he wins!
by JonFromDimensionC137
Sun Feb 26, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way To Get British Airways Avios Points
Replies: 6
Views: 960

Re: Best Way To Get British Airways Avios Points

You can get sign-up bonuses for other Chase cards and then transfer them to BA by first transferring the points to your sapphire card.
by JonFromDimensionC137
Sat Jan 07, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 35070

Re: How much is your cell phone bill?

T-Mobile
1 line
Unlimited calling + texting
3gb data, slower speed after (not sure how bad it is, don't think I've ever hit the limit)
$40/month
by JonFromDimensionC137
Mon Dec 26, 2016 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to graduate from college in 3 years?
Replies: 101
Views: 7621

Re: Is it possible to graduate from college in 3 years?

Yes, one of my best friends who was a year younger than me did this. We started the same job together out of college.
by JonFromDimensionC137
Sun Dec 25, 2016 12:41 pm
Forum: Investing - Theory, News & General
Topic: Do unhedged int'l stock index funds hurt returns?
Replies: 9
Views: 1087

Re: Do unhedged int'l stock index funds hurt returns?

And my other question would be, if VWO made 13% in returns this year according to Morningstar, is that accurate or do I have to consider that currency fluctuations may have impacted that number? Morningstar will be measuring the returns in dollars, so no further currency adjustment is needed. When ...
by JonFromDimensionC137
Sun Dec 25, 2016 11:41 am
Forum: Investing - Theory, News & General
Topic: Do unhedged int'l stock index funds hurt returns?
Replies: 9
Views: 1087

Re: Do unhedged int'l stock index funds hurt returns?

neomutiny06 wrote:And my other question would be, if VWO made 13% in returns this year according to Morningstar, is that accurate or do I have to consider that currency fluctuations may have impacted that number?
Morningstar will be measuring the returns in dollars, so no further currency adjustment is needed.
by JonFromDimensionC137
Tue Dec 20, 2016 9:44 pm
Forum: Personal Consumer Issues
Topic: Any one bought used phones from Gazelle?
Replies: 7
Views: 1095

Re: Any one bought used phones from Gazelle?

I purchased my phone from Gazelle about a year ago. There was a bit of a hiccup, but their customer service handled it to my satisfaction. I would definitely buy from them again.
by JonFromDimensionC137
Sun Dec 18, 2016 2:12 pm
Forum: Personal Investments
Topic: Are the MSCI Minimum Volatility Indexes undeniably a better bet?
Replies: 28
Views: 2491

Re: Are the MSCI Minimum Volatility Indexes undeniably a better bet?

... Indeed, past performance does not dictate what will happen in the future. ... This is the correct answer. It's very possible the emerging world does fantastic over the next 23 years and the low volatility funds get left in the dust. It's also important to keep in mind that if you're investing i...
by JonFromDimensionC137
Sat Dec 03, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Theoretical high returns unsustainable?
Replies: 22
Views: 3168

Re: Theoretical high returns unsustainable?

It is true that some strategies due have that level of return. However, the problem is usually that they can only be done for a limited size. Say I have a strategy that generates 100% annual returns, but can only be done for 100k. Then each year I'll make 100k from that strategy off of 100k investme...
by JonFromDimensionC137
Sat Dec 03, 2016 3:48 pm
Forum: Personal Consumer Issues
Topic: another New York rental question
Replies: 40
Views: 4048

Re: another New York rental question

I know of young people who rent a 1 bedroom together and put up a temporary wall and door to create a second bedroom if the living room is large enough. Their plan is to take it down and restore it to move in condition when they leave. This made it affordable for them. I'm a young person living in ...
by JonFromDimensionC137
Sat Dec 03, 2016 3:35 pm
Forum: Personal Consumer Issues
Topic: Money and Phone Abroad
Replies: 23
Views: 4238

Re: Money and Phone Abroad

1) Sounds like you have it covered 2) When living/traveling abroad, I use my Scottrade debit card, which refunds me ATM fees. Fidelity's Cash Management account Visa card likewise refunds ATM fees. Fidelity is cheap but not reliable in my experience. My experience is that fidelity will randomly det...
by JonFromDimensionC137
Tue Nov 29, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: Money and Phone Abroad
Replies: 23
Views: 4238

Re: Money and Phone Abroad

1) Sounds like you have it covered 2) When living/traveling abroad, I use my Scottrade debit card, which refunds me ATM fees. 3) I used T-Mobile while living in the Netherlands. It was very easy to pay by month, and also very easy and reasonably priced to use in other European countries. I don't kno...
by JonFromDimensionC137
Tue Nov 01, 2016 5:24 am
Forum: Investing - Theory, News & General
Topic: Why can't stocks be deterministically/objectively/mechanically priced?
Replies: 75
Views: 8315

Re: Why can't stocks be deterministically/objectively/mechanically priced?

*3!4!/5! wrote:The future is uncertain. :oops:

/thread
This, and the fact that people disagree about the ways in which the future is uncertain
by JonFromDimensionC137
Tue Oct 25, 2016 5:20 am
Forum: Investing - Theory, News & General
Topic: I want to buy some shares of Deutsche Bank would it be any extra tax work on me vs a US stock?
Replies: 4
Views: 1006

Re: I want to buy some shares of Deutsche Bank would it be any extra tax work on me vs a US stock?

I agree with the other posters about not taking an uninformed speculative position. As someone wanting to trade in the US, you'd be trading the ADR (American Depositort Receipt). The IRS treats them pretty much the same for tax purposes. However, with ADRs from some countries, dividends are withheld.
by JonFromDimensionC137
Tue Oct 04, 2016 5:07 am
Forum: US Chapters
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 173
Views: 30265

Re: How Did You Become A Boglehead? What Led You Here?

I don't remember what it is called, but I stumbled upon some British documentary about active vs passive investing. This caused me to explore the topic a bit more in depth and eventually find my way here.
by JonFromDimensionC137
Sun Apr 03, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Tuxedo rental for prom?
Replies: 24
Views: 2980

Re: Tuxedo rental for prom?

Buying a tux of a 17 or 18 year old is pretty silly. There is almost no chance that it will fit him in a year or two. For what it's worth, last year I wore my high school prom tux to my university's senior ball (basically prom for college), and much to surprise, it fit! It was slightly more snug th...
by JonFromDimensionC137
Thu Feb 11, 2016 1:22 am
Forum: Personal Consumer Issues
Topic: How do you use your Chase Freedom rewards?
Replies: 35
Views: 7408

Re: How do you use your Chase Freedom rewards?

hnzw rui wrote:Transfer to Chase Sapphire Preferred and use it for travel. :P
This is what I do as well. In my opinion, the chase freedom being able to do this independently justifies chase sapphire preferred's fee.
by JonFromDimensionC137
Sat Feb 06, 2016 9:33 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 72
Views: 11917

Re: The Gravy Train Departed?

As Call_Me_Op said, you are still owning the same real productive assets as before. These will continue to grow in value and provide cash overtime assuming the underlying investment performs well. What the HFT strategies you mention do (for the most part) is find mispricings in the market and trade ...
by JonFromDimensionC137
Fri Feb 05, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff debt with Roth?
Replies: 19
Views: 1632

Re: Payoff debt with Roth?

Above advice is on point. Only thing I'd add that seems to be missing from the thread is your age. If you're close to or in retirement, taking the money out to pay down the debt may make sense (though still probably not). The value of having money available to grow tax free is a lot greater for a 2...
by JonFromDimensionC137
Fri Feb 05, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff debt with Roth?
Replies: 19
Views: 1632

Re: Payoff debt with Roth?

Above advice is on point. Only thing I'd add that seems to be missing from the thread is your age. If you're close to or in retirement, taking the money out to pay down the debt may make sense (though still probably not). The value of having money available to grow tax free is a lot greater for a 25...
by JonFromDimensionC137
Fri Feb 05, 2016 9:40 am
Forum: Personal Consumer Issues
Topic: Advice for parents with Perfectionist Child?
Replies: 48
Views: 5067

Re: Advice for parents with Perfectionist Child?

Klangfool, I hear you. Believe me, we've had those conversations. But these are two kids that can turn anything into a competition and suck the fun out any family game you can think of. Check out the game Pandemic. All human players are on a team together and win or lose together. In what ways does...
by JonFromDimensionC137
Fri Feb 05, 2016 6:22 am
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 5096

Re: Purchasing Business Class Tickets

United in my experience is "bait and switch" when it comes to business tickets. Sure, you can book it at a reasonable price. Invariably I've been sent to the "wait-list" for the seat, which never clears because they're hoping to sell the seat to someone with a higher United affiliation level or mor...
by JonFromDimensionC137
Fri Feb 05, 2016 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Maxing out then quickly paying off credit cards?
Replies: 18
Views: 1836

Re: Maxing out then quickly paying off credit cards?

Try to negotiate a cash discount greater than the cash back.

If that doesn't work, I'd go ahead and do it on the card. Unless you're planning on taking on major debt soon, the impact from having a high utilization this month should be long gone.
by JonFromDimensionC137
Thu Feb 04, 2016 1:07 pm
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 39
Views: 6407

Re: Prosper.com Update Total Return

I just checked their website and the returns that they display begin in 2009. I'll have to see if I can find data from during the financial crisis to see if the current returns being generated are worth it. It seems pretty misleading of them to not include this, especially when marketing their prod...
by JonFromDimensionC137
Thu Feb 04, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 39
Views: 6407

Re: Prosper.com Update Total Return

I think it is extremely difficult to evaluate p2p lending as an investment until it is seen how it performs during an economic downturn. My intuition is that the currently available returns don't justify the downside risk. Haven't run any numbers to back this up, but I'd imagine default rates would...
by JonFromDimensionC137
Thu Feb 04, 2016 11:13 am
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 5096

Re: Purchasing Business Class Tickets

+1 to all the economy-plus suggestions. Should only add about $150 each an is quite a comfort improvement. If you were to go business, as mentioned above, the best way is to go by credit card miles. In my limited experience, United tends to have good deals on international business class, as well as...
by JonFromDimensionC137
Thu Feb 04, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 18252

Re: How to get a 200k+/year job?

I just graduated last year and my friends in investment banking will have made about 140k in their first year and be likely to hit 200-300k+ once they switch to private equity or a hedge fund in another year. Keep in mind though that 80 hours a week is the norm for these guys and that the process f...
by JonFromDimensionC137
Thu Feb 04, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 18252

Re: How to get a 200k+/year job?

It is very easy to achieve that sort of income as a doctor or lawyer The median midcareer salary for a law school graduate is $139,300 according to a random article I just found on bloomberg.com. But the truth of the matter is unemployed law school graduates who find alternative careers don't tend ...
by JonFromDimensionC137
Thu Feb 04, 2016 7:26 am
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 39
Views: 6407

Re: Prosper.com Update Total Return

I think it is extremely difficult to evaluate p2p lending as an investment until it is seen how it performs during an economic downturn. My intuition is that the currently available returns don't justify the downside risk. Haven't run any numbers to back this up, but I'd imagine default rates would ...