Bogleheads.org

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3) Another very important skill is to quickly dismiss the book. If after skimming the book, you found that the book is not worth reading. You can skip the book. Agreed. I do this. My wife has a hard time doing this, but I can start a book with an idea what I want to get out of it, and if I'm not ge...

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1. How to effectively retain what one reads? I learn best when I write things down but that is too time consuming. Do you have a learning technique/pattern that works for you? Kind of already answered this in my other post. 2. How do you decide what book to buy in hard copy, what to buy on Kindle, ...

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If your kids get scholarships ... you could end up with more in the 529 than they use for their college and will get hit with taxes and penalties. If your kid gets a scholarship, you can withdraw the same amount from the 529 penalty free (that's my understanding anyway). https://www.kiplinger.com/a...

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I've been recently reading/learning about this topic. 1. From what I can tell, speed reading = skimming. That's not to say it's a bad skill to have. The average reading speed is 200-400 wpm, and the idea that the average person can read much faster than that without sacrificing comprehension is a my...

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I have an electric car, and I want electric everything. I don't have an electric mower, but I really want one. I regularly use ear protection when mowing, but I also do not like sucking in all the fumes for an hour every week. If I was to buy an electric mower I think (based on my research) I'd go w...

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I am a homeschooling (and homeschooled) father of 5 and have been interested in: 1. Whether an ESA or 529 can be used to pay for homeschooling? The answer is no, unless you are in a state that classifies homeschooling as a private school (I don't know the various state rules, but I believe TX, FL, a...

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I think (as mentioned already) you'll find there is a financial dis incentive for getting a license earlier (because younger drivers are riskier). I got my license at 16 as that was the limit at the time, but I also had a job and paid for my own gas and insurance. I'm not sure if my parents charged ...

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Well, there are Coverdall plans, there are trusts, there are probably other options of course, but I don't think any of them are superior to 529s or UTMAs at this dollar value. I'm still not sure what problem you see with 529 or UTMA. Do you expect your financial situation to be such that your kids...

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Life isn't always going to be equitable. Agreed. I want to at least try, but not try too hard. :) The line may be different for different people. I may not be able to maintain control of this thread, and maybe discussions of equitability are where it should go, but I'm particularly interested if I'...

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If one kid gets hand me downs your not going to go into a panic about adjusting for depreciation are you? Don't overthinking things like this. I appreciate the comment, because I can overthink things. I wouldn't make a big deal about paying for braces or hand-me-downs. But if it were a matter of on...

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If you want to avoid opening a custodial account, and don't want to put it in the 529 (or Grandpa doesn't want you to put it in the 529) then don't accept the money. So what you're saying is it is either 529 or UTMA and there are no other options? I've always thought of bogleheads as a friendly com...

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This statement also rubs me the wrong way if OP is intending to "adjust" the $1000/child so it seem more equitable to him: (I'm trying to be equitable given the fact that a $1,000 gift for the 6 month old has a lot longer to compound than for the 11yo.) I'm not sure why that should rub yo...

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I used to buy I bonds or EE bonds for my kids. EE bond rates are really low now, but I bonds are not too bad still. Not a bad idea. I-bonds could be redeemed tax-free to cover education expenses, but they could be redeemed otherwise for non-educational expenses. The drawbacks I see: 1. My income is...

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I've beaten this drum for a long time also. It is totally wrong for a parent to take a gift to the child and put it in the parent's own name. The fact that the child is a minor is irrelevant. The money belongs to the child and should be held in the child's name or in a UGMA account for the child. G...

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If you aren't comfortable with money in your kids' names, man (or mom) up and tell the grandparents you can't accept the gift. If you accept it, it belongs to the kid. A 529 is ok, or a custodial account. An account in your name, probably not. I'm not sure why I'm reading this as unnecessarily conf...

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What problem do you see with the custodial account? Mostly what is mentioned here: http://fairmark.com/kids-college/utma/problems-with-custodial-accounts/. Even the "advantages" of custodial accounts is mostly a discussion of the disadvantages: http://fairmark.com/kids-college/utma/advant...

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I have received $1,000/kid as a gift from grandparents (oldest is 11; youngest 6 months). I have established 529 accounts for each of my children, and they each have varying amounts of money in them. (I'm trying to be equitable given the fact that a $1,000 gift for the 6 month old has a lot longer t...

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You might be able to use a traditional IRA depending on income limits. You might also be able to do a backdoor contribution to your Roth. There's also the possibility of an HSA if you feel like that's an appropriate trade-off for you. If you have some side income you could open a solo 401k. Otherwis...

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Given the institutional players getting involved in bitcoin now, I expect any blow up and wider contagion would be financial sector related. Here are a couple of articles about the subject: "Bitcoin Is an Emerging Systemic Risk" https://www.coindesk.com/bitcoin-emerging-systemic-risk/ &quo...

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HomerJ wrote: ↑Thu Dec 07, 2017 10:16 am Sure, you can. You just proved you can. 37% is a not insignificant percentage.

After bitcoin, the next cryptocurrency by marketcap is Ethereum which has 9% of the cryptocurrency market. To be clear I'm not saying that bitcoin cannot be supplanted, I'm saying it is not *easy*.

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Hello Larry, thanks for the article. I have a question. Could a "mega" bitcoin bubble and bust spill over into the real economy? How would the contagion be transmitted? Can and should investors protect themselves somehow? Not Larry, but here are a couple of recent articles that talk about...

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sailaway wrote: ↑Fri Dec 01, 2017 5:13 pm Does your employer offer any seed money for the HDHP plan?

My employer does not contribute anything to the HSA.

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I'm enrolling in benefits and have an option to either take a PPO plan with $750/$2250 deductible, $4,000/$8,000 out-of-pocket max, $25 co-pay, and $5/$25/$40/$45 prescriptions, or an HSA compatible plan with $2,600/$5,200 deductible (30% coinsurance after the deductible is met), $7,000/$14,000 out-...

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Why, other than pure speculation, do you think there is any expected return for taking the extra risk of crypto-currencies (or any other currency, or commodity for that matter)? For me it is pure price speculation. There are two reasons I think cryptocurrency prices will go up: 1) If bitcoin (or ot...

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The question of whether cryptocurrencies make crimes easier is pretty far afield of the original topic of this thread, but if you are truly open to hearing my argument, and you are willing to suffer a wall of text, then I will make it. I will address: Did I falsely attribute motivations to you? Is i...

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Maybe you don't have a child you love as much as I do ... You're just fear mongering. Did you intentionally ignore my previous posts? I gave several actual resources by actual law enforcement personnel that documented how they are actually using the public bitcoin ledger to track and catch criminal...

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- there seems to be the possibility of an infinity of cyber currencies, thus, bitcoin always has alternatives. That makes it hard to believe that it will keep its value If this is what Dimon is saying, it seems a rather naive thing to say (to me). There's a network effect to a cryptocurrency, and t...

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I'd also add that because of Chainalysis there are (anecdotal) reports in places like reddit by people who get blacklisted from creating accounts at US exchanges because of paying bitcoins to online gambling sites. There was also a case of a cybersecurity firm that had coinbase close its accounts be...

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- much of that so far is illegal activities - payment of ransomware, bypassing of Chinese exchange controls - we may have a view whether China should have FX controls, but it does right now, and Bitcoin was a way around it Do you have a reputable source for this information, or are you just making ...

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I like to get books from the library, or listen to classic out-of-copyright books from LibriVox. The LibriVox books are read by volunteers, so sometimes they're not the most engaging reader, but there are some surprisingly good readers as well.

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I agree that TOTP is much better than SMS. I does not require an Internet or cell connection. My concern was always that I'd have my phone setup with all these accounts, and then either loose it or forget to migrate them to a new phone or something. I ended up getting a Yubikey NEO, which allows me ...

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Not sure if it is worth noting that in some states placing a credit freeze is free. Also, if you are a victim of identity theft placing a freeze should be free.

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Once bitcoin goes to zero I'll still have my private keys...I may frame them.

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https://www.cnbc.com/2017/09/14/bitcoin-is-dropping-right-now-after-a-big-chinese-exchange-said-it-is-closing.html BTC China said in a tweet Thursday it will close down its operations by Sept. 30 as Chinese authorities crack down on cryptocurrencies Wondering if this is it the beginning of the end!...

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I can start a new blockchain without any cryptocurrency, while still gaining the advantages of a blockchain. What you're missing here is defining what "advantages of a blockchain" means. My contention is that what you think are advantages of a blockchain are actually advantages of the *bi...

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https://send.firefox.com/ Encrypts the file in your browser using local javascript and a password you supply, then uploads it to Mozilla servers and creates a link. Provide the link and the password (ideally through different communication mediums) to the intended recipient. They click the link, pr...

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I am needing to send an insurance claim via the Internet, and I don't want to send the data as an unencrypted e-mail attachment. I would be comfortable using PGP, but I think that would be too much to ask of the other side. I might even be willing to use google drive or something (even though it's n...

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The warnings are targeted for new investors, so we need to keep the terminology easy to understand. "volatile" and "illiquid" won't be understood unless you already have some background in this area. Yes, that's reasonable! I think the warning should stay then. Most of the text ...

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No cryptocurrency is required to make use of blockchain technology That's not true of Ethereum (it has a native ether currency) and I don't believe it is true of blockchain in general. I don't believe blockchain divorced from a native currency will ever work. The whole reason Bitcoin works is becau...

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On September 5, 2017, the Bank of Finland published a research discussion paper entitled "Monopoly without a monopolist: An economic analysis of the bitcoin payment system" (https://helda.helsinki.fi/bof/bitstream/handle/123456789/14912/BoF_DP_1727.pdf). Written by three authors (Gur Huber...

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One could possibly see a situation in which a highly knowledgeable, very experienced investor with a large and otherwise well diversified portfolio of low cost index funds could make an carefully-reasoned argument in favor of a very small allocation - say, 1% - to a diversified basket of cryptocurr...

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.. You probably aren't considering 'investing' in Canadian Dollars or British Pounds or Euros or whatever. .. I wanted to come back to this. Yes, you are right, I don't consider investing in other currencies. But why don't I? Or why don't most people? If you're coming from an indexing perspective i...

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Thanks, I didn't know that. What, then, will be the incentive for people to donate processing power once the bitcoin reward is negligible? After all the bitcoins have been mined (which is expected to happen in about 2140) miners will get paid to add blocks to the blockchain via transaction fees. Ac...

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Once you have a clear timeline from a lawyer and/or CPA, you'll have a better idea how safe you need to keep them. I would not put them in "the cloud" unencrypted. You could put them on an external drive or thumb drive and store it in your house or a safe deposit box or something. If there...

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So if 51% of the miners (by computer power) decide they'd rather see a different ledger and account balances they are free to create it? Frankly that doesn't sound very secure. At all... I don't have the exact numbers at hand, but it is not trivial to consolidate 51% of the bitcoin mining power. As...

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No one really stole money from anyone. The DAO hacker could withdraw the money (as Ethereum Classic) they stole, but it is worth a lot less now because the price of Ethereum Classic has declined as compared to Ethereum. In an alternative history on the (official) Ethereum blockchain, the DAO never e...

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Here's a "debate" between Shiller and Brian Kelly about whether Bitcoin is in a bubble.

https://www.cnbc.com/video/2017/09/06/t ... ubble.html

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I like your response, thanks for chiming in. To follow up on the "buy the haystack" analogy, which I find useful, would Bitcoin be part of the haystack? What about Gold? Or does the total stock + US bond cover everything? I think the "buy the haystack" analogy as applied to cryp...

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everyone gets it... just you guys lol go read the news and catch up lol i share my findings caues im actually trying to CONTRIBUTE intellectually my findings and good information.... i am not doing it to seek validation from anyone . i am invested. I'm sorry to say that I don't think you are contri...

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