Search found 439 matches

by Iridium
Tue Jun 25, 2019 12:06 am
Forum: Personal Consumer Issues
Topic: Facebook reading our minds?
Replies: 22
Views: 1385

Re: Facebook reading our minds?

If you have a smart-phone with the Facebook app, they very well could be listening to you and offering suggestions based on that. Per buhlaxtus's link, listening to your conversations would be quite impractical. The explanation is probably far more pedestrian. You visited a restaurant that apparent...
by Iridium
Mon Jun 24, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - Uninsured/Underinsured motorist coverage
Replies: 10
Views: 752

Re: Umbrella insurance - Uninsured/Underinsured motorist coverage

Note: It's for umbrella and not auto policy. I.e. it would cover us if we were pedestrians and hit by someone without insurance. Pretty sure that most auto uninsured coverage would cover you under this case. At least if it happened in the United States. Whether the amount is enough to make you whol...
by Iridium
Mon Jun 24, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 28
Views: 2224

Re: Tenant identity theft issue on lease

... All of this is very state dependent though and OP never gave us the state. From the timelines of the eviction process to how easy/possible it is non-renew leases without showing cause will all influence the optimal lease length and approach. As best I can tell, OP is not concerned about the evi...
by Iridium
Mon Jun 24, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase My Plan / My Loan just bump in credit line?
Replies: 2
Views: 194

Re: Chase My Plan / My Loan just bump in credit line?

Citi changed my credit card terms to offer something similar. I read the terms, but will admit I did not fully understand the full implications (not being in the target market, my curiosity only took me so far), I believe the effect is quite subtle, but they do appear to track the two balances separ...
by Iridium
Mon Jun 24, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 28
Views: 2224

Re: Tenant identity theft issue on lease

Unfortunately, it sounds like you got scammed. They can just keep taking hits on the mother's credit while continuing to find apartments to rent with the daughter 'co-signing' and getting to live rent free for a few months at a time. I am not a landlord, but it sounds like proceeding on the simplest...
by Iridium
Fri Jun 21, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: Attention retirement savers: college 529 plans aren't just for kids
Replies: 27
Views: 4074

Re: Attention retirement savers: college 529 plans aren't just for kids

I am curious exactly how much education was provided by a community college in New Jersey that was pushed to create a new course in a foreign country. If the college didn't actually enhance the trip, then the tuition was essentially wasted to allow for spending out of the 529 (which may, on net, be...
by Iridium
Fri Jun 21, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: Attention retirement savers: college 529 plans aren't just for kids
Replies: 27
Views: 4074

Re: Attention retirement savers: college 529 plans aren't just for kids

The biggest problem I have with this plan is that it forces one to get their education from a college. In many endeavors if you are not looking for a credential, there is an alternate approach that is both better and cheaper than academia. Given the recommendation to start in one's 40s, that is a ve...
by Iridium
Thu Jun 20, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Only Loans
Replies: 9
Views: 967

Re: Interest Only Loans

The recasting of the payment is appealing to me and I’m not sure how many times I can recast my 30 year fixed. I’m also not sure of the minimum principal required to recast which is why I think IO would be good. I have noticed weirdness with conforming loans sometimes, where banks seem to get so fi...
by Iridium
Thu Jun 20, 2019 1:04 am
Forum: Personal Finance (Not Investing)
Topic: HR telling my wife not to contribute 100% of her salary to 401k
Replies: 24
Views: 4325

Re: HR telling my wife not to contribute 100% of her salary to 401k

401k percentages are usually based on gross pay, so there won't be money left over to pay FICA and local payroll taxes. Rather than getting a pay check, I would think you would get a bill. But that is a hassle I would guess everyone would prefer to avoid.
by Iridium
Thu Jun 20, 2019 12:54 am
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

I’ve always been confused with crypto currencies - maybe someone can help me understand. Gold has value because it is rare and is an actual thing. It’s worth what someone is willing to pay for it, but it can also be used for other things. Intuitively I get this. It’s rarity and I supposeuses give i...
by Iridium
Wed Jun 19, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

Cryptocurrencies are at risk of quantum computing making them hackable. Quantum computing is advancing rapidly and this is a risk, that will likely be met with more complicated techniques or basing the currencies on quantum computing. The energy needs to create every transaction are immense and the...
by Iridium
Wed Jun 19, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: Facebook Libra Cryptocurrency - effect on stocks or bonds?
Replies: 42
Views: 3540

Re: Facebook Libra Cryptocurrency - effect on stocks or bonds?

For the purpose of this discussion, let's assume that Libra takes off. It should - Facebook is the internet to a lot of people all over the world, and this will function as an extremely inexpensive way to transfer money internationally. Plus the partnerships between Uber, facebook, ebay, spotify, v...
by Iridium
Thu Jun 13, 2019 10:31 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8664

Re: The Case Against ETFs

My concern is with the why instead of the why not. If something is working well (traditional index mutual funds), why switch? How can an ETF improve a retirement account? Where are the academic studies to support the switch? Why hasn’t Vanguard studied this itself before switching millions of retir...
by Iridium
Thu Jun 13, 2019 7:28 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 8664

Re: The Case Against ETFs

Your #2 is an illusion and is actually worse for mutual funds. Mutual funds have more cash drag than ETFs. The cash is still sitting in a bank account, just on the other side of the fund. Mutual funds are more inefficient in this regard. I don’t understand. If I have $500, I can invest all of it in...
by Iridium
Thu Jun 13, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Professional work titles
Replies: 30
Views: 2644

Re: Professional work titles

At my company, the first few layers of engineers technically have the same generic title. When you order business cards, you can put whatever title you want that passes the smell test (I think something like CEO would get rejected). Those titles are just used to help people outside the company under...
by Iridium
Tue Jun 11, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Careers that combine art/design and science?
Replies: 36
Views: 1520

Re: Careers that combine art/design and science?

Probably not going to go 50:50 exactly, so one might want to start with which side to emphasize. Design side: Industrial design would be the first career that comes to mind... And if she prevents one product from being unstackable due to a purely aesthetic domed top, it will all be worth it (major p...
by Iridium
Sun Jun 09, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: indexers buying negative interest bonds
Replies: 26
Views: 2477

Re: indexers buying negative interest bonds

“Put it in the bank: Well most of the funds won't be insured and I would guess most banks also charge to hold that much money.” So in europe are people just keeping their money in their mattress? How would banks even stay in business? Negative deposit account rates would certainly drive away deposi...
by Iridium
Sat Jun 08, 2019 5:41 pm
Forum: Personal Investments
Topic: 7% callable - Structured Investment/Note
Replies: 30
Views: 2441

Re: 7% callable - Structured Investment/Note

With structured products, you need to separate out each part. 1. The most basic thing going on is that you are buying a 5 year bond that is callable after 6 months. You did not specify the credit worthiness of the borrower. Let's assume such a bond would normally pay 4-5% 2. You are being paid to ta...
by Iridium
Sat Jun 08, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: indexers buying negative interest bonds
Replies: 26
Views: 2477

Re: indexers buying negative interest bonds

What's the point of negative interest bonds? Who invests in this stuff? Institutions who wants to keep their money safe. If you have 10 million Euros you are not willing to risk, what are your alternatives? ... Buy foreign denominated debt: The cost to hedge the currency fluctuations exceeds the in...
by Iridium
Sat Jun 08, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: indexers buying negative interest bonds
Replies: 26
Views: 2477

Re: indexers buying negative interest bonds

What's the point of negative interest bonds? Who invests in this stuff? Institutions who wants to keep their money safe. If you have 10 million Euros you are not willing to risk, what are your alternatives? Put it in the bank: Well most of the funds won't be insured and I would guess most banks als...
by Iridium
Fri Jun 07, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: Market up because of rate cut expectation - why ?
Replies: 21
Views: 2787

Re: Market up because of rate cut expectation - why ?

But lower rates are coming in just because there is a probability of a slow down or recession . How is that positive for stocks ? The economy is near full employment and inflation is almost exactly on target. It was quite possible we could have had a slow down without the Fed reacting. The fact tha...
by Iridium
Fri Jun 07, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6126

Re: Can't believe, Vanguard is leader of Heartbeat tradings?

Buy Hold is good for preaching general public. But do fund manages actually follow it principally? As a fund manager, it is impossible to be truly 'buy and hold'. Every single day, they need to either buy shares with net inflows or sell shares to satisfy net outflows. That mutual funds are liquid f...
by Iridium
Thu Jun 06, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 74
Views: 12028

Re: Insights from Vanguard

It was worth the trip to watch the look on my young adult children’s faces as the Vg PAS rep told them they needed to save 30% of their gross income for retirement! Err... They really should post this as a question to the board as part of a portfolio review. A young adult should not be in a positio...
by Iridium
Wed Jun 05, 2019 4:46 am
Forum: Investing - Theory, News & General
Topic: Does heavy passive investing create systemic risk for investors?
Replies: 8
Views: 739

Re: Does heavy passive investing create systemic risk for investors?

Index funds are still a tiny portion of the volume traded in the market. Price discovery seems to still be alive and well and there are experts who are bullish and experts who are bearish on pretty much every public company. I see two related problems though: 1) Not only are index funds taking AUM f...
by Iridium
Mon Jun 03, 2019 3:07 am
Forum: Investing - Theory, News & General
Topic: Why are index funds unpopular?
Replies: 12
Views: 2135

Re: Why are index funds unpopular?

I noticed FFFHX has 5 times more money than FIPFX (12b vs 2.5b). Same target date but one is both 5x the cost and funding. I'm guessing commisions may play a role in directing that money -- is that really the only variable? If you want active management, you think Fidelity. If you want index funds,...
by Iridium
Sun Jun 02, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to Evaluate Home Owners Insurance
Replies: 5
Views: 571

Re: How to Evaluate Home Owners Insurance

We are first time home buyers, closing on a place very soon. A couple of questions about home owners insurance. 1. We are not as concerned with finding the absolute lowest cost policy, but would rather error on the side of being "over-insured". My question is what extra coverage should we consider ...
by Iridium
Sat Jun 01, 2019 11:15 pm
Forum: Personal Investments
Topic: Safety of treasury bonds vs treasury money market
Replies: 42
Views: 4839

Re: Safety of treasury bonds vs treasury money market

I mean a fund always has some added counter party risk involved to owning bonds directly. I do not believe any new counter party is added when you buy a fund vs hold the bonds directly. In the unlikely event that a fund manager goes belly up, the fund's assets would still be safe. The fund itself b...
by Iridium
Fri May 31, 2019 3:45 pm
Forum: Personal Investments
Topic: Safety of treasury bonds vs treasury money market
Replies: 42
Views: 4839

Re: Safety of treasury bonds vs treasury money market

I mean a fund always has some added counter party risk involved to owning bonds directly. I do not believe any new counter party is added when you buy a fund vs hold the bonds directly. In the unlikely event that a fund manager goes belly up, the fund's assets would still be safe. The fund itself b...
by Iridium
Fri May 31, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: Massachusetts Auto Insurance "Safety Insurance"
Replies: 17
Views: 848

Re: Massachusetts Auto Insurance "Safety Insurance"

Wellfleet wrote:
Fri May 31, 2019 11:00 am
What’s a CCRC?
Continuing Care Retirement Community
RudyS wrote:
Fri May 31, 2019 10:55 am
Other recommendations?
I don't think the insurance company matters as much as the details of the contract. Special form is better than broad form. Replacement cost is better than actual cash value.
by Iridium
Fri May 31, 2019 11:02 am
Forum: Personal Investments
Topic: Safety of treasury bonds vs treasury money market
Replies: 42
Views: 4839

Re: Safety of treasury bonds vs treasury money market

If interest rates go up sharply during your holding period, VSBSX will lose money. Your capital is not 100% guaranteed. That said, you probably won't lose a lot. Right, but then your bonds will yield more so, let's say you actually hold VSBSX for twice the duration (i.e. 4 years), you're then guara...
by Iridium
Tue May 28, 2019 11:57 pm
Forum: Personal Investments
Topic: Am I being too timid?
Replies: 23
Views: 3077

Re: Am I being too timid?

If you cannot stay the course then it is better to invest conservatively. That being said: 1) You should not change your asset allocation in response to market fluctuations is not the same as you have to commit to one for life. You are liable to psych yourself out if you feel like you are making a l...
by Iridium
Tue May 28, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying points vs. increased rate on mortgage?
Replies: 13
Views: 862

Re: Paying points vs. increased rate on mortgage?

Without knowing what percentage of the loan $2500 represents, it would be difficult to advise you. However, let's say it is 0.75%. So, the rebate loan saves you 2% upfront. However, it costs you 0.5% / year. The payback period isn't exactly 4 years because you are gradually paying down the loan, but...
by Iridium
Sun May 26, 2019 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 4988

Re: American Express lowered my credit limit

The credit limit is the limit to the balance you are allowed to carry from month to month. The purchase limit is the credit you are extended that has to be fully paid off at the next statement. Do you have a citation to support this distinction? I've never heard of it before and it doesn't make sen...
by Iridium
Sun May 26, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 4988

Re: American Express lowered my credit limit

I don't understand this and I don't see the distinction between a credit limit and a spending limit. When I charge something on a credit card, the credit card issuer is extending me credit whether I pay the balance tomorrow or next month or next year. The credit limit is the limit to the balance yo...
by Iridium
Sun May 26, 2019 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Invest for kids via LLC
Replies: 29
Views: 2284

Re: Invest for kids via LLC

You are way overthinking this. +1 To be fair to OP, the LLC already exists, and putting rental properties into LLCs does help reduce litigation risk for a limited cost. Given that the LLC already exists, the question of whether to also put a stock portfolio in there is a fair one. However, without ...
by Iridium
Sun May 26, 2019 1:51 am
Forum: Personal Consumer Issues
Topic: Where to buy products at TRUE wholesale prices?
Replies: 51
Views: 3914

Re: Where to buy products at TRUE wholesale prices?

We have an older relative who recently quit her job and she wants to start an online retail business. She is well capitalized and has the money to hold inventory if needed. The number of distributors that any given manufacturer works with is generally pretty small. The manufacturer would either hav...
by Iridium
Sun May 26, 2019 12:19 am
Forum: Personal Investments
Topic: How to approximate the total stock market on my 401K fund options
Replies: 17
Views: 766

Re: How to approximate the total stock market on my 401K fund options

If you want to get closer to perfect, buy $1 of Vanguard Extended Market (VEXAX) in your Taxable for every $4 of BlackRock Equity Index T you buy in the 401k. At that ratio, you are almost identical to VTSAX.
by Iridium
Sat May 25, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 4988

Re: American Express lowered my credit limit

One other thing to consider is that cards are increasingly having two limits: the credit limit, but also a higher spending limit. So, if someone pays off their card every month, s/he is not be using the credit limit at all; and a credit limit reduction does not necessarily mean the spending limit ha...
by Iridium
Sat May 25, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Invest for kids via LLC
Replies: 29
Views: 2284

Re: Invest for kids via LLC

Can you be a bit more specific about the ownership structure of the LLC? You are claiming that the LLC will be part of your estate and that you'll have access to it, but also that the distributions will be taxed at your kid's tax rate. So, do you own the LLC or do your kids own the LLC (note: I did ...
by Iridium
Fri May 24, 2019 10:08 pm
Forum: Investing - Theory, News & General
Topic: Does regulation matter to markets?
Replies: 6
Views: 551

Re: Does regulation matter to markets?

Now, from my understanding, I believe the position taken by many here is that those words are completely irrelevant. Not only does timely access to information not matter at all, but investors simply do not need anything from their respective governments. Regulation simply does not matter is the ar...
by Iridium
Fri May 24, 2019 7:49 pm
Forum: Personal Investments
Topic: ESOP Diversify/Roth IRA
Replies: 3
Views: 243

Re: ESOP Diversify/Roth IRA

Unless that would be considered a taxable distribution and then be tax-free at distribution of the Roth IRA. That must be how it works. Is that right? I don't think distribution is the right word, but otherwise what you write matches my understanding. You are doing a rollover, and since the rollove...
by Iridium
Fri May 24, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Fly cross-country with a cat
Replies: 56
Views: 2127

Re: Fly cross-country with a cat

mariezzz wrote:
Fri May 24, 2019 6:52 pm
Never put a cat under the plane - only in the compartment with you.
That's interesting. I thought that putting pets in the cargo hold is the standard procedure. Is there a reason why cats don't do well down there?
by Iridium
Fri May 24, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: American Express lowered my credit limit
Replies: 61
Views: 4988

Re: American Express lowered my credit limit

There is also the so-called bust out phenomenon. Either due to malice or circumstance, someone acquires massive amounts of available credit over months/years of good citizen behavior. Then they get sick/get divorced/get a drug habit/get addicted to gambling, go to an Ivy League school, or just plai...
by Iridium
Thu May 23, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Why will US or global stocks continue to grow in the future and forever?
Replies: 20
Views: 1110

Re: Why will US or global stocks continue to grow in the future and forever?

There is an assumption that the US stock markets and global stocks will, on average and over the long run, continue to grow in the future, but why would that keep happening? Let's answer a similar question: why do we expect bonds to continue generating returns? Because money is not going to be lent...
by Iridium
Thu May 23, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Why it doesn't matter if Tesla survives
Replies: 21
Views: 1862

Re: Why it doesn't matter if Tesla survives

In reference to this thread: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=281700&newpost=4558267&view=unread#unread I don't have to worry about whether an individual company or stock does well or not. By owing the entire market I can sleep well at night and not worry about it. Per Mr. Bogle...
by Iridium
Tue May 21, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4137

Re: Senior management/executives

There is far more corruption that exists at all levels of a corporation than ought to exist. None of it is excusable and I fully support anyone who reports it. However, I have known folks who will say 'you gotta give me something [to go on]' when they want to relay they are amenable to giving you w...
by Iridium
Tue May 21, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4137

Re: Senior management/executives

There is far more corruption that exists at all levels of a corporation than ought to exist. None of it is excusable and I fully support anyone who reports it. However, I have known folks who will say 'you gotta give me something [to go on]' when they want to relay they are amenable to giving you wa...
by Iridium
Tue May 21, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: Legal Advice Needed: Immigration and employment question
Replies: 13
Views: 1233

Re: Legal Advice Needed: Immigration and employment question

She said she isn’t able to work legally, no social security number or green card. <snip> What are the next steps for her be eligible for legal employment? Would it be applying for a green card, work permit, visa, citizenship? Not an expert by any means, but to give you the right start: * Some visas...
by Iridium
Tue May 21, 2019 5:24 pm
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3419

Re: Does tuning out mean missing out?

Should I make this change as to not miss out on world growth vs US growth? These are long-term investments. When we talk about 'noise' we mean the latest news and market actions and products. Investing in international equities has been a perennial topic of conversation around here (just do a searc...
by Iridium
Tue May 21, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Recently promoted - how to match image with title?
Replies: 54
Views: 4908

Re: Recently promoted - how to match image with title?

Guy here, but I have had similar thoughts/questions (though at 31 I am still an individual contributor). I find myself overlooked at some meetings and events which was fine until now but I feel like I need to be taken a little more seriously going forward as I will be in front of clients even more t...