Search found 517 matches

by Iridium
Sun Nov 10, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 87
Views: 5076

Re: If you were forced to pick an alternative asset...

this is interesting, and personally id enjoy owning letters and first editions more than most paintings. is forgery/fraud not rampant? especially when buying online? do you have any experience with this? what authentication process is relied on? Signature forgery is rampant, but the books themselve...
by Iridium
Sat Nov 09, 2019 1:58 am
Forum: Personal Consumer Issues
Topic: Udacity effectiveness - redirection appreciated
Replies: 1
Views: 284

Re: Udacity effectiveness - redirection appreciated

I hope that someone can chime in on the path to Data Science, etc. However, since I am in wireless communications, but never been in cellular, I wonder if that might be a good path forward for you? Cellular is just bizarre with their annual hardware spins. Could you see yourself in cellular base sta...
by Iridium
Sat Nov 09, 2019 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 145
Views: 7402

Re: Do you charge your employer for the time that you spend working on your off days?

What would be the reaction if you simply texted back "Can it wait until Monday?" That way, everyone is up front about what is going on. If he says "Yes", then you didn't ignore him and you are not potentially missing a non obvious emergency. If the answer is "No", then the third time it happens to y...
by Iridium
Wed Nov 06, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 872

Re: Does umbrella insurance premium change over time?

I think life insurance premium (monthly payment) does not change over time. How about umbrella insurance? I contacted an insurance company to buy umbrella insurance and they quoted me a number but I forgot to ask whether it is fixed for a number of years or it changes from period to period, say sem...
by Iridium
Wed Nov 06, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Title Insurance/Legal Representation for Mortgage Refinance
Replies: 6
Views: 458

Re: Title Insurance/Legal Representation for Mortgage Refinance

Retired lawyer here .... in our jurisdiction I never heard of or experienced any lawyers being involved in a straight forward residential refinance. Part of my practice involved representing banks. The custom varies by state. I believe that in some states, you don't have escrow filling all the need...
by Iridium
Mon Oct 28, 2019 11:55 pm
Forum: Investing - Theory, News & General
Topic: Individual bonds with big gains
Replies: 14
Views: 1178

Re: Individual bonds with big gains

Have an theoretical question - is it better to sell it now (taxable account) and invest it as dry powder (MM) plus pay mortgage principal or leave till mature and loose the gain? The gain doesn't disappear. You are collecting it over time in the form of a higher interest rate on the face value bond...
by Iridium
Sun Oct 27, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Is this new to engineering job hunting?
Replies: 33
Views: 4236

Re: Is this new to engineering job hunting?

My son was graduated as an electrical engineer/minor in mathematics this past spring and was able to obtain a job right away at where he was interned, but its an intern job not a full time. He discovered that many engineers he works with are consultants, afew of them left the company and afew of ne...
by Iridium
Fri Oct 18, 2019 7:22 pm
Forum: Personal Investments
Topic: Leveraging Investment with Pledged Asset Loan
Replies: 48
Views: 2511

Re: Leveraging Investment with Pledged Asset Loan

The funds I borrow would most likely go straight into VTI (not bonds). The point of doing this is simply to grow the size of my portfolio with fairly low risk (only have to beat ~2% factoring in taxes). If you have $2M in VTI now and you can borrow an additional $1M to also put in VTI that costs yo...
by Iridium
Fri Oct 18, 2019 4:02 pm
Forum: Personal Investments
Topic: Leveraging Investment with Pledged Asset Loan
Replies: 48
Views: 2511

Re: Leveraging Investment with Pledged Asset Loan

So essentially this becomes - would you borrow money at 2% to invest it in the market in a relatively safe diversified bond/stock fund I would not. Let's keep everything pre-tax to keep things simple. Part of the money you are borrowing at 3-4.5% is being used to buy bonds that will give you 2-2.5%...
by Iridium
Thu Oct 17, 2019 11:43 pm
Forum: Investing - Theory, News & General
Topic: Schwab to allow fractional stock trading (WSJ)
Replies: 36
Views: 4353

Re: Schwab to allow fractional stock trading (WSJ)

Fascinating - you would be able to equal weight the sp500 for zero commission and zero expense ratio. I’m getting a bit excited thinking about creating my own indexes. How much money do you plan on losing every quarter when you get front-run on index composition changes? +1. Thinking you can beat i...
by Iridium
Tue Oct 15, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard now supports Yubikey 5 and 5C
Replies: 54
Views: 9138

Re: Vanguard now supports Yubikey 5 and 5C

After the rep saw that I was having the same issue logging in he determined that the 5ci is not compatible because it has a plug on both ends (other end has the lightening plug for an iphone or iPad) and that only keys with plugs on one end will work. And only with the Chrome browser. What happens ...
by Iridium
Tue Oct 15, 2019 2:23 pm
Forum: Personal Investments
Topic: going cash for 3 months 401(k)
Replies: 9
Views: 1648

Re: going cash for 3 months 401(k)

rather than risk sustaining a huge loss right before I am forced to sell. This is the error in your logic. There is a common misconception that 'paper losses are not real if you do not sell'. To the degree that it helps people stay the course, I won't disagree, but this is causing you to leave the ...
by Iridium
Tue Oct 15, 2019 1:57 pm
Forum: Personal Investments
Topic: A friend was offered an annuity by Chase
Replies: 31
Views: 2456

Re: A friend was offered an annuity by Chase

An immediate annuity is probably the right choice for his situation. Chase is almost certainly the wrong company to buy it from, as other companies will likely offer him more per month for the same premium.
by Iridium
Tue Oct 15, 2019 1:55 pm
Forum: Personal Investments
Topic: Is VUSXX Really Safer Than FDIC Insured Bank Account?
Replies: 22
Views: 2010

Re: Is VUSXX Really Safer Than FDIC Insured Bank Account?

I've read several posts on the forum where members have stated that Vanguard Treasury Money Market Fund (VUSXX) would be as safe or safer than an FDIC insured bank account (or credit union) because the fund holds US gov't securities. Some have stated this is safer and less risky than relying on FDI...
by Iridium
Fri Oct 04, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Insurance for mutual funds to guarantee index returns?
Replies: 25
Views: 1940

Re: Insurance for mutual funds to guarantee index returns?

The point is that the entities best-positioned to know whether they’re going to outperform are the fund managers/companies themselves. So they could self-insure and guarantee at least an index return. If they’re so confident in their own abilities, such a guarantee shouldn’t cost them anything, and...
by Iridium
Mon Sep 30, 2019 10:23 pm
Forum: Personal Consumer Issues
Topic: Ants immune to Terro or just lots of ants?
Replies: 38
Views: 2980

Re: Ants immune to Terro or just lots of ants?

I learned about Terro on Bogleheads and it has been a godsend, the only thing that has worked on carpenter ant and sugar ant invasions. And keeping me from avoiding exterminator scams who want to put me on the monthly "plan." But this summer I have dealt with ants in one small part of our house, by...
by Iridium
Sun Sep 15, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6540

Re: Do you trust Microsoft updating your Windows 7 machine?

Now that Microsoft has announced that they will no longer support Windows 7 in 2020, I noticed that the volume of their updates have increased a bit. Frankly, I do not trust them. I am thinking they are trying hard to make a perfectly good system obsolete, hoping that consumers will go out and purc...
by Iridium
Sun Sep 15, 2019 3:37 am
Forum: Investing - Theory, News & General
Topic: Oil price going to a $100-- time to change your asset allocation??
Replies: 86
Views: 8590

Re: Oil price going to a $100-- time to change your asset allocation??

Drones knocked 50% of Saudi oil supply. Oil price is rising.. If it stays high for a sustained period along with the tariffs, it will not be good. How likely is it that it will stay high for a sustained period? Saudi Arabia is extremely motivated to get their oil supply back online, which is partic...
by Iridium
Sat Sep 14, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: Buying the Dow as a super-low-cost index strategy?
Replies: 36
Views: 3206

Re: Buying the Dow as a super-low-cost index strategy?

There are funds that make more in securities lending than they cost to operate, so they have effectively negative expense ratio, as it is rare for individual investors to earn securities lending revenue in their own. The bigger reason to do this or avoid doing this is taxes. Some of the Dow will do ...
by Iridium
Wed Sep 11, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance question for in-laws who live with us
Replies: 8
Views: 696

Re: Insurance question for in-laws who live with us

Some of these answers are state or policy depandant. So please verify with your insurance agent. My questions: A) Is there any conceivable way in which our (my wife and I's) assets could be at risk in this circumstance, assuming there is no cross-over between vehicles (us driving his car, him drivin...
by Iridium
Fri Sep 06, 2019 10:48 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Financial Literacy Certification?
Replies: 18
Views: 2310

Re: Boglehead Financial Literacy Certification?

It is an interesting thought, but I think a full blown 'certification' would be overkill and not in keeping with the forum's culture, which tends to be highly suspicious of anyone calling themselves an expert and generally keeping their financial approach close to the vest. Unless the test is aimed ...
by Iridium
Fri Sep 06, 2019 10:36 pm
Forum: Personal Investments
Topic: Ignorance regarding bonds
Replies: 15
Views: 1455

Re: Ignorance regarding bonds

Correct. The NAV of a share of the fund has not changed much. Essentially the return from a bond is the yield. The capital return is essentially zero over time. I disagree with this statement. The capital return is 100% over time. Assuming it all works out. Minus the effects of inflation, of course...
by Iridium
Fri Sep 06, 2019 7:03 pm
Forum: Personal Investments
Topic: Balanced Funds and Negative Interest Rates
Replies: 4
Views: 653

Re: Balanced Funds and Negative Interest Rates

It will be difficult and possibly costly do get out of balanced funds if I don't want to hold bonds with negative yields. Can you please explain this? Selling a fund should always be easy, regardless of which fund and the interest rate environment. If the funds are held in taxable, then you would h...
by Iridium
Thu Sep 05, 2019 9:15 pm
Forum: Investing - Theory, News & General
Topic: In an (imaginary!) 5X leveraged ETF what would happen if the base index fell more than 20% in a single day?
Replies: 26
Views: 2080

Re: In theory, in a 5X leveraged ETF what would happen if the base index fell more than 20% in a single day?

My understanding of leveraged ETFs is that they are pretty much all ETNs (exchange traded notes). In other words, there is no actual basket of securities, nor real leverage. Instead, you have a structured note, where some bank promises to pay based on change in the index value. That bank would then...
by Iridium
Thu Sep 05, 2019 9:05 pm
Forum: Personal Consumer Issues
Topic: Problems with flights to Bogleheads conference
Replies: 7
Views: 1339

Re: Problems with flights to Bogleheads conference

You have not given us much to go on (what day/time did you wish to fly back, why the rebooked flight doesn't work, etc.). To take a first crack at it: how about having SW rebook you onto flight 413, a direct flight that departs at 6:15 in the evening? I see that they are selling tickets for that fli...
by Iridium
Thu Sep 05, 2019 12:18 pm
Forum: Investing - Theory, News & General
Topic: In an (imaginary!) 5X leveraged ETF what would happen if the base index fell more than 20% in a single day?
Replies: 26
Views: 2080

Re: In theory, in a 5X leveraged ETF what would happen if the base index fell more than 20% in a single day?

My understanding of leveraged ETFs is that they are pretty much all ETNs (exchange traded notes). In other words, there is no actual basket of securities, nor real leverage. Instead, you have a structured note, where some bank promises to pay based on change in the index value. That bank would then...
by Iridium
Wed Sep 04, 2019 8:12 pm
Forum: Investing - Theory, News & General
Topic: Fidelity: When Zero does not mean free
Replies: 108
Views: 11304

Re: Fidelity: When Zero does not mean free

Also unacceptable. Are there any funds that you consider to be acceptable? I have worked on a program in the past where information had to be compartmentalized, such that information from one side of the fence couldn't inform decisions on the other side of the fence. I very much doubt any company w...
by Iridium
Wed Sep 04, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity: When Zero does not mean free
Replies: 108
Views: 11304

Re: Fidelity: When Zero does not mean free

What seems to be unique about the Fidelity Zero funds is a clause in the SAI allowing the fund to pay these costs for other funds. I of course have not checked every available mutual fund to look for these clauses so it may not be unique to Fidelity or the zero funds. I have no idea if or how these...
by Iridium
Mon Sep 02, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity: When Zero does not mean free
Replies: 108
Views: 11304

Re: Fidelity: When Zero does not mean free

If we examine the first 12 months (Sep., 2018 - Aug., 2019) of FZROX's performance to VTSAX's (Vanguard's Admiral TSM fund), VTSAX slightly outperformed FZROX (CAGR = 1.32% vs. 1.30%). The difference could be due to FZROX's higher costs, lower tracking error for Vanguard, or just a fluke. The diffe...
by Iridium
Tue Aug 27, 2019 12:15 am
Forum: Personal Investments
Topic: Employee salary deferral or employee contribution?
Replies: 3
Views: 426

Re: Employee salary deferral or employee contribution?

No payroll tax is owed for the portion that is employer contribution. That would usually make employer contributions better.
by Iridium
Mon Aug 26, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: Volatile stocks for fun: Limit Order or Stop Limit Order for maximum profit
Replies: 25
Views: 1419

Re: Volatile stocks for fun: Limit Order or Stop Limit Order for maximum profit

<snip> I am fairly certain he just continues to use the wrong term. He's describing an upswing in price, but a stop limit would never trigger during an upswing. I'm pretty sure he's talking about buy stops. That said, I could just be trying to make sense of that which is un-explainable. I see. My s...
by Iridium
Mon Aug 26, 2019 6:30 pm
Forum: Investing - Theory, News & General
Topic: Volatile stocks for fun: Limit Order or Stop Limit Order for maximum profit
Replies: 25
Views: 1419

Re: Volatile stocks for fun: Limit Order or Stop Limit Order for maximum profit

Yes, this is the reason why I consider stop-loss orders may be better than limit orders. Even if I am lazy a little bit, there is a no chance I will miss a big upswing. I will not be overrun by a fast moving wave prematurely. I used limit orders in the past because I thought that I could capture th...
by Iridium
Thu Aug 22, 2019 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Advice after Tech Difficulties Made Video Call Catastrophe
Replies: 5
Views: 1002

Re: Help! Advice after Tech Difficulties Made Video Call Catastrophe

They didn't get back to me and I checked in casually this morning. EOD I get an email back saying "Why don't we check in with the client and circle back with you when we know more" which seems to me like a total blowoff. I don't think that is a blowoff. A recruiting agency isn't going to leave you ...
by Iridium
Tue Aug 20, 2019 12:23 am
Forum: Personal Consumer Issues
Topic: DSL Advice
Replies: 29
Views: 1714

Re: DSL Advice

1. I am concerned that their internet modem may be compromised in some way that I will not be able to detect. Is this a valid concern? No, it is not a valid concern. There are virtually no controls on where data goes as it is being routed around the Internet. It is best to simply assume that everyt...
by Iridium
Mon Aug 19, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Increasing extra mortgage payments later in the term worth it?
Replies: 9
Views: 1172

Re: Increasing extra mortgage payments later in the term worth it?

So to sum this up, the original loan was 102,000 for 20 years, 3.625% and the loan started April 2013. I've made bi-weekly payments since day one, which should equal one extra payment per year. I've also added an extra $50 biweekly toward principal since nearly the beginning. A few months after sta...
by Iridium
Mon Aug 19, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay points?
Replies: 14
Views: 1043

Re: Would you pay points?

Currently in the process of applying for a VA IRRL (30-year fixed). Would you pay points in any of the following situations? 1. 3.00% at zero points and a $625 lender credit. (Base Loan) 2. 2.875% for 0.300% points 3. 2.75% for 0.794% points Looking to lock in today. We plan on staying in this hous...
by Iridium
Mon Aug 19, 2019 2:40 am
Forum: Personal Investments
Topic: SIPC protection (or lack thereof?) for 401k accounts
Replies: 9
Views: 848

Re: SIPC protection (or lack thereof?) for 401k accounts

The links refer to asset protection from creditors under ERISA, but I'm wondering about protection from the loss of various securities due to brokerage firm failure (broadly paraphrasing what SIPC covers). In the event of brokerage firm failure, there won't be any loss. Customer assets are segmente...
by Iridium
Sun Aug 18, 2019 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 16
Views: 1775

Re: Pension Plan - Should I opt out?

Yes that is my understanding. Although unlikely i would stay there that long (20 yrs+). Hoping to be FIRED and semi retire in 10 years so im looking at about a 4.5% rate of return. And thanks, 180k is a nice chunk of change at 28 but then there’s a 250k student loan debt hanging over my head...so t...
by Iridium
Wed Aug 14, 2019 1:09 am
Forum: Personal Investments
Topic: Help understanding ESPP $25k limit
Replies: 4
Views: 482

Re: Help understanding ESPP $25k limit

Worst thing that might happen is that the ESPP will buy as many shares as it can for you and then refund the rest of your contribution to your paycheck. The best case is that your plan interprets the IRS's rules as saying that the limit is based on fair market value at the date of grant (the beginni...
by Iridium
Tue Aug 13, 2019 9:04 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio bullish on China (China market cap to overtake US in 2030?)
Replies: 58
Views: 5604

Re: Ray Dalio seems like China. Is he biased? Or correct?

He recently did a 30 minute long interview where he seems to like China, not just a little but A LOT. Do you think he is biased because his company (Bridgewater Associates) is heavily overweight and invested in emerging markets? Or do you think he is actually correct in thinking that the China stoc...
by Iridium
Mon Aug 12, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance vs HELOC
Replies: 12
Views: 1023

Re: Cash out refinance vs HELOC

Would the solar company be willing to be second behind the new loan? Lots of their customers presumably have a similar issue. They probably have a procedure for folks who want to refinance.
by Iridium
Sun Aug 11, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 489

Re: Multiple appraisal for multiple quote for mortgage loan?

I could imagine the bank wanting to order the appraisal before locking rate, but ordering the appraisal before giving you a quote is just odd. I am annoyed when banks want my contact info before showing me the rate, I doubt I would even bother with a bank that wants to charge me a few hundred bucks ...
by Iridium
Sun Aug 11, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: A Danish bank is offering mortgages at a 0.5% negative interest rate
Replies: 6
Views: 1813

Re: A Danish bank is offering mortgages at a 0.5% negative interest rate

From the article: It should be noted that even with a negative interest rate, banks often charge fees linked to the borrowing, which means homeowners could still pay back more. This is backed up further in the small print of their press release found here https://www.jyskebank.dk/bolig/nyheder/realk...
by Iridium
Fri Aug 09, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: $3,400/yr seem reasonable for insurance? Reduce this cost???
Replies: 27
Views: 2649

Re: $3,400/yr seem reasonable for insurance? Reduce this cost???

How do you find a broker? 1) The professional association for independent insurance agents has a listing here: https://www.trustedchoice.com/ 2) Most carriers have agent listings. Personally, I started by looking at the high net worth carriers (Chubb/AIG/Pure) and shortlisted the agencies in a nice...
by Iridium
Fri Aug 09, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency medical insurance (Helicopter transport, etc)
Replies: 32
Views: 3076

Re: Emergency medical insurance (Helicopter transport, etc)

Edit: Upon further research, the problem is apparently that air ambulance operators are charging more than reasonable and customary fees, so are balance billing people. I don't really have an answer for that. I am not sure what an 'unreasonable fee' insurance policy would look like. Are you in the U...
by Iridium
Fri Aug 09, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to pass on wealth to heirs?
Replies: 30
Views: 3103

Re: What is the best way to pass on wealth to heirs?

If the answer is "it depends", what are the variables it depends on? Assuming USA resident/citizen. 1. Is the amount more than $5.5 Million (inflation adjusted)? 2. What is your marginal tax rate relative to heirs? 3. Do you or heirs live in state with estate or inheritance tax? General rule of thu...
by Iridium
Fri Aug 09, 2019 5:25 am
Forum: Investing - Theory, News & General
Topic: Why buy sovereign bonds with a negative yield?
Replies: 94
Views: 6899

Re: Why buy sovereign bonds with a negitave yeald?

Those are all assumptions not a guarantied income. What is the carry cost of cash? If inflation that only happens if the money is under a matters. As for a store of value, value goes down every time the borrower takes money from the principal. This is from the link you posted; "It is certainly poss...
by Iridium
Thu Aug 08, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5379

Re: Real Estate Negotiation Came to a Halt

Move on. I wouldn't even bother with a best and final. Perhaps a few months down the road you'll get contacted wondering if you might still be interested, or maybe after you get a better feel for prices as a buyer, you'll feel more comfortable offering a bit more. Regardless, at this point, there is...
by Iridium
Wed Aug 07, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity highlights its better sweep account yields
Replies: 28
Views: 3182

Re: Fidelity highlights its sweep account yields

This is a way bigger deal than their zero funds and the combination of the two is mind boggling. How do they possibly hope to profit off or even break even on their index investors?
by Iridium
Tue Aug 06, 2019 2:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2124349

Re: U.S. stocks in free fall

What will it take to make them really worried? If they lose their jobs. Otherwise, what the market does has little impact on the Bogleheads' strategy. The ones far from retirement have plenty of years to wait for the recovery. The near/in retirement ones have most of their funds in fixed income, mu...