Search found 32 matches

by laohan
Thu Jul 11, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: A good name for a donor advised fund
Replies: 25
Views: 1933

Re: A good name for a donor advised fund

I use a donor advised fund, but I typically give anonymously or in honor and memory of people and places worth honoring and remembering. I use my name sparingly, and only when I think it will make a positive impact, or there is a specific reason I want to be on the donor list.
by laohan
Sun May 19, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19664

Re: High net worth, elite private or “good” public

Be very careful about hidden costs of forced donations. Its mostly with top 10 boarding schools but has trickled down into many day schools. It usually requires an additional 25-50k a year in donations depending on the school. They get you 2 ways. One, if you have a sibling they will not allow that...
by laohan
Tue Feb 12, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Best ways to provide STRUCTURE to retired life
Replies: 71
Views: 6030

Re: Best ways to provide STRUCTURE to retired life

I like to increase waste and idle time because it make me creative. This morning, I walked my dog for about 5 miles and stopped by the grocery store at the same time. I brought along an extra trash bag and collected litter as I walked.I ran into a few of my friends and we had a very nice political ...
by laohan
Sat Aug 04, 2018 5:42 am
Forum: Personal Investments
Topic: (bitcoin) societal-loss-risk-management mechanism
Replies: 3
Views: 615

Re: (bitcoin) societal-loss-risk-management mechanism

Just another way of implementing a guarantee fund like a normal clearing house.
Who else would they get to pay the bill if not other users of the exchange? Somebody has to cover the loss.

For the record, I believe the long term value of bitcoin is zero.
by laohan
Sat Aug 04, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: Touring Singapore in October
Replies: 9
Views: 882

Re: Touring Singapore in October

Thanks for the super detailed replies! Does anyone have suggestions for tour operator or packages? I've been there many times on business and a couple times as a tourist. I would avoid a tour operator and instead research the sites you and the family are interested in. I’d second that. Singapore is...
by laohan
Sat Jun 02, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: One more try: get rid of profile posted to "background check" sites
Replies: 4
Views: 1049

Re: One more try: get rid of profile posted to "background check" sites

https://www.abine.com/deleteme/ It costs money, and it's not perfect, but it does get rid of a lot of this type of stuff. They also have instructions on how to do it yourself, but I figured my time was worth more than the fee they charged. The instructions for doing it yourself are here: https://www...
by laohan
Sat Apr 28, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Which literary magazine do you read?
Replies: 12
Views: 1185

Re: Which literary magazine do you read?

London Review of Books
Sun Magazine

The other reviews of books are also not bad, but I prefer the LRB
by laohan
Sun Mar 18, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard Money Market Yield Gaps
Replies: 8
Views: 2440

Re: Vanguard Money Market Yield Gaps

Lots of treasuries for sale by the government recently is moving all of these markets.
The Prime should be sustainably higher than the other 2.
by laohan
Thu Sep 28, 2017 6:49 pm
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 9696

Re: Which is better a Cryptocurrency or Gold?

The reason stores process credit cards is because they're convenient consumers want to use them not because they have the lowest transaction fees. Otherwise stores would only accept debit cards or cash. Pretty much all solutions I've seen to make Bitcoin payments more convenient have some sort of p...
by laohan
Tue Sep 19, 2017 9:13 am
Forum: Investing - Theory, News & General
Topic: best practices when buying a large amount of stock
Replies: 10
Views: 2105

Re: best practices when buying a large amount of stock

Good morning! Let's say you wanted to buy $100,000 dollars worth of a particular stock at one time. Assuming a buy and hold scenario (not attempting day trading). Stock has a rather erratic trading volume history meaning a 100k "market" order could fill at current price...or you could drive up the ...
by laohan
Thu Sep 14, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Wiki article - Bitcoin
Replies: 37
Views: 6320

Re: Wiki article - Bitcoin

On the definition of Bitcoin as a commodity: In reference to the above, I wasn't saying I was any more authoritative than the Forbes author, as I am certainly not an expert on BC, just giving my reasons for how I thought about the asset class / allocation question. In terms of constructive suggesti...
by laohan
Thu Sep 14, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

The inefficiencies, delays, and duplications in the financial system are not because of technological challenges, but human challenges. Getting banks to work together to connect their systems, to define standard representations for digitized assets (like stocks and bonds and currency) and rules for...
by laohan
Mon Sep 11, 2017 10:36 am
Forum: Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 3263

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured https://support.gdax.com/customer/en/portal/articles/2689803-how-deposits-are-insured-on-gdax When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders,...
by laohan
Mon Sep 11, 2017 10:25 am
Forum: Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 3263

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured https://support.gdax.com/customer/en/portal/articles/2689803-how-deposits-are-insured-on-gdax When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders,...
by laohan
Mon Sep 11, 2017 10:09 am
Forum: Personal Investments
Topic: How to buy a Bitcoin?
Replies: 29
Views: 3263

Re: How to buy a Bitcoin?

I just learned GDAX exchange is insured https://support.gdax.com/customer/en/portal/articles/2689803-how-deposits-are-insured-on-gdax When you read three the insurance, three things stick out- 1) The insurance doesn't cover the most common ways people lose money (including bitcoin movement leaders,...
by laohan
Fri Sep 08, 2017 8:33 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 21699

Re: Bitcoin in 3-fund indexed portfolio?

The role of correlation is widely misunderstood... and wildly misrepresented. It's a very subtle thing. Always be alert: when an investment is represented as having "low correlation," even if it is true , the reason for bringing up correlation is often that the presenter can't claim anything better...
by laohan
Wed Sep 06, 2017 10:21 am
Forum: Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 6106

Re: Bought crypto currency

Surprised to see negativity on bitcoins. You shouldn't be. Bogleheads.org Investing Advice Inspired by John Bogle Hi goingup - I agree. I'm not sure why it's caught such a fever here. The nature of the posts is also different from what I'd expect in the forum (both tone of the discussion and the "I...
by laohan
Wed Sep 06, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Robert Shiller on bitcoin & information cascades
Replies: 21
Views: 2541

Re: Robert Shiller on bitcoin & information cascades

Wow Robert Shiller is an expert on BitCoins to point he can tell you if its bubble or not yet did you happen catch part in his expertise where: "Have you by any chance looked at initial coin offerings? RS: No, what is an initial coin offering?" LOL https://steemit.com/bitcoin/@coinmonkey.com/nobel-...
by laohan
Mon Sep 04, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

Why is bitcoin topical for this forum? asks the poster with 8 out of 12 posts about bitcoin, all negative, while spreading FUD. Very curious. Then I see that China just made a huge move against cryptocurrencies Very curious. I've lurked here for years, and only post when I think it will make a diff...
by laohan
Mon Sep 04, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

I guess I don't get it. Cryptocurrencies are ripe with fraud, practically by design, with their irreversible transactions, and very difficult security procedures. The likelihood of a boglehead (i.e. typical member of this forum) being able to successfully manage to invest a real sum of money (let's...
by laohan
Sun Sep 03, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 14194

Re: Bit Coin question

You should understand that China is burning through its foreign exchange reserves at an unprecedented rate . That number was over 6 trillion USD a few years ago. A lot of what you hear about the Chinese managing their exchange rate down was true pre 2008, but is not true now. ... the way the Chines...
by laohan
Sun Sep 03, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

What I'm trying to do is raise the level of discourse. I want to get beyond the "bitcoin is used by criminals, so it must be bad," or "I don't understand it, therefore it must be a scam. QED," or "it's only for anarcho-capitalist libertarians." Instead of saying "bitcoin is too volatile" I'd like p...
by laohan
Sat Sep 02, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 14194

Re: Bit Coin question

I don't see this happening right now. I see a bunch of banks trying to look like they are "with it", but nobody is actually using it for anything serious. Modern finance shifts 100s of billions in value daily without too many hiccups. Most frictions that are left are either because the problem is h...
by laohan
Sat Sep 02, 2017 7:25 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 14194

Re: Bit Coin question

Blockchain technology is being used by financial institutions for a wide variety of things. I don't see that going away anytime soon. I don't see this happening right now. I see a bunch of banks trying to look like they are "with it", but nobody is actually using it for anything serious. Modern fin...
by laohan
Mon Aug 28, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

1. Bitcoin is a dinosaur. Bitcoin is based on the greater fool theory. But to write off the entire technology because what is essentially an alpha version has flaws is incredibly foolish. 2. Agree and disagree. Yes, this is mostly what it has been used for up until now. Smart contracts will change ...
by laohan
Thu Aug 24, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 263
Views: 46529

Re: What is Bitcoin?

Attack of the 50 foot blockchain is a good read - https://davidgerard.co.uk/blockchain/ The author goes through real-life blockchain projects, and the most common uses of bitcoin, etc. The take-away is that 1) "Bitcoin and blockchains are not a technology story, but a psychology story." and 2) Almos...
by laohan
Sun Mar 12, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: Hong Kong hotel - which side of the harbor?
Replies: 8
Views: 1408

Re: Hong Kong hotel - which side of the harbor?

Next to the Peninsula Hotel is the 1881 Heritage building with the Hullet House hotel. It's small, fancy, recently renovated, and low rise. I have not stayed there before, so I can't comment on the quality of the accommodations. Both sides of the harbor are very different from each other, so make su...
by laohan
Mon Nov 21, 2016 8:51 am
Forum: Investing - Theory, News & General
Topic: Collective thoughts [investing mini-reference]
Replies: 64
Views: 233939

Re: Collective thoughts [investing mini-reference]

Great post, thanks for stickying.
by laohan
Thu Aug 04, 2016 11:44 am
Forum: Personal Investments
Topic: Investing help for high dual income family
Replies: 8
Views: 2088

Re: Investing help for high dual income family

1) max out everything. Back donor Roth is tiny, but it makes you feel better, so do it. 2) If you have kids, may have them, have relatives with children, or want good estate planning, open a vanguard Utah 529 on your name and max it out too (370k). The math is compelling even if you don't use it on ...
by laohan
Mon Jun 20, 2016 11:19 am
Forum: Investing - Theory, News & General
Topic: Reinvesting dividends question
Replies: 6
Views: 990

Re: Reinvesting dividends question

I'd say you are correct. Do remember that you will pay taxes on the divs, so 1,775 isn't necessarily the right amount to plow back in. On the other hand, when you finally sell, you will have a slightly lower cost base (1,775 lower, to be precise), so the tax up/down is more of a temporal thing, and ...
by laohan
Sun Feb 28, 2016 3:38 am
Forum: Investing - Theory, News & General
Topic: Hedging Foreign Currency: 0%, 50% or 100%?
Replies: 27
Views: 3983

Re: Hedging Foreign Currency: 0%, 50% or 100%?

Fundamentally the equity w/ associated currency are one bet, especially for USD based investors. Capital is invested globally based on estimates of best returns, etc, and the "country" / location of the stock listing is given more importance than it should be. Here's an example : US listing of a com...