Search found 42 matches

by investorpeter
Tue Dec 12, 2017 11:27 pm
Forum: Personal Consumer Issues
Topic: NYC restaurant suggestion
Replies: 38
Views: 1917

Re: NYC restaurant suggestion

Wo Hop at 17 Mott Street is very good. +1 :sharebeer Wo Hop is great -- but just expect atmosphere near zero. Hop Kee on the corner next to Wo Hop is even better in my opinion if you want more authentic Chinese food. I’ll even tell you what to order: Cantonese crab, salt and pepper pork chops, soy ...
by investorpeter
Tue Dec 12, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 115
Views: 10738

Re: What to do after losing $117k in stock market?

Small cap biotech investing is an oxymoron unless you are buying a diversified sector fund. The only way you could attribute your loss to bad luck is if you made a carefully considered massive investment all at once, and all of your investments went immediately to zero after your investment. If your...
by investorpeter
Sun Dec 10, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3833

Re: Buying index funds is just as speculative as buying Bitcoin

billthecat wrote:
Sun Dec 10, 2017 4:04 pm
livesoft wrote:
Sun Dec 10, 2017 3:12 pm
This thread is probably confirmation of something.
How can one sell short Bitcoin?
Sell the bitcoin future on the CBOE which just started trading a couple of hours ago, Ticker: XBT


https://www.cnbc.com/quotes/?symbol=%40XBT.1
by investorpeter
Tue Nov 28, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4183

Re: Job interviewing - "do you have any other interviews or leads?"

Update: I am tempted to call back in a couple days and say that I have another offer and that if they were going to make me an offer, I would need to know in X days. Too risky to do that for a job that I really want? Yes, too risky and a bit unethical if you do not have an offer in hand. If you do ...
by investorpeter
Wed Nov 22, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4183

Re: Job interviewing - "do you have any other interviews or leads?"

Be honest. “Yes, I have two second interviews scheduled for next week, but this job would be my first choice because I feel that I fit in best with the company culture, etc. etc.” If you get an offer from the other second interviews, let your first choice know and give them a chance to counter. The ...
by investorpeter
Mon Nov 20, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14023

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Credits Cards are unneeded in modern society and there is no reason to use one. Actually, I would say that cash is unneeded in modern society and there is no reason to use it. I rarely use cash anymore except for tipping while traveling. I actually get annoyed in lines when a person ahead of me pay...
by investorpeter
Fri Nov 10, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Cabo San Lucas - question
Replies: 34
Views: 3783

Re: Cabo San Lucas - question

In Los Cabos right now. 85f and sunny. Hilton and Marriott resorts along the coastal highway are kid friendly. All of the resorts can book activities like snorkeling tours including shuttle pickup so no need for rental car. We have never felt unsafe here, but due to news stories and state dept trave...
by investorpeter
Fri Nov 10, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Costco for tires and car insurance?
Replies: 76
Views: 5996

Re: Costco for tires and car insurance?

Bought winter tires at Costco during one of their annual $80 off promotion several years ago and get them swapped in and out each year also at Costco. No major problems. Only issue is long lines since they are the lowest cost option in the area with a need to make reservations several days in advanc...
by investorpeter
Thu Nov 09, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: BH Ideal net worth allocation
Replies: 22
Views: 2949

Re: BH Ideal net worth allocation

It's frequently debated here whether to treat a vested pension benefit from a qualified plan as an asset (eg based on current cost of comparable deferred income annuity) or as a future income stream that reduces what's required from investment portfolio. Reasonable minds could differ. But I think i...
by investorpeter
Tue Nov 07, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: BH Ideal net worth allocation
Replies: 22
Views: 2949

Re: BH Ideal net worth allocation

Why do you have so much equity in the home? Is it due to appreciation, accelerated payments,..... ? Why do you have so little in retirement accounts? You have very little in retirement at age 33 but it is difficult to judge why without more information. Having more in home equity than retirement is...
by investorpeter
Wed Nov 01, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

Great news! Thank you for sharing your experience so that we may all learn from it.
by investorpeter
Fri Oct 20, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft - follow-up

So here are the developments since last I posted. I called Regions Bank, the bank to which the money was supposedly wired. Regions Bank says they have no record of either the account number which is on the copy of the voided check sent to the custodian of the account (Transamerica), nor do they hav...
by investorpeter
Sun Oct 15, 2017 12:02 am
Forum: Investing - Help with Personal Investments
Topic: My EJ portfolio vs my Vanguard, side by side
Replies: 27
Views: 3370

Re: My EJ portfolio vs my Vanguard, side by side

Both are very similar, except for the international that was already pointed out above. EJ VG Growth 17 15 Growth & Income 37 36 International 26 34 Fixed Income 18 15 Cash 2 0 100 100 Good point on taxes, and there's probably hidden cost there. Its hard to compare, because 2016 is realty the only ...
by investorpeter
Sun Oct 08, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 18
Views: 2563

Re: New Fiduciary Rule seems to be a big disappointment

I'm not sure whether it is the new rule, or the passive-aggressive way some brokerages are apparently responding to it by refusing to offer any mutual funds or ETFs to people who manage their own IRA accounts, because obviously we are so clueless that we cannot distinguish between low and high fees,...
by investorpeter
Sun Oct 08, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Using "Bear" Funds In Lieu of Taxable Reallocation
Replies: 8
Views: 761

Re: Using "Bear" Funds In Lieu of Taxable Reallocation

1. No, I wouldn't do it on an ongoing basis. If you are insuring against some unknown event occurring at an unknown time, it would be better to just reduce your long position to your comfort level and bite the bullet on the capital gains taxes. The costs of ongoing insurance are too high. For exampl...
by investorpeter
Sat Oct 07, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Using "Bear" Funds In Lieu of Taxable Reallocation
Replies: 8
Views: 761

Re: Using "Bear" Funds In Lieu of Taxable Reallocation

You could short s&p 500 emini futures or buy a put option on SPY. Those options require less capital and will actually do what you expect. I have done this before, hedging my long positions during periods of expected uncertainty (such as during the 2016 election) because I did not want to sell stoc...
by investorpeter
Sat Oct 07, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7933

Re: Do you want your receipt?

So the "yes"'s have it by a significant margin. I guess I am in the minority. This is why I love this forum - so many thoughtful answers to a simple thing that most people probably never give a second thought. I agree with ResearchMed and others that the major risk is that some teenager at the drive...
by investorpeter
Sat Oct 07, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7933

Do you want your receipt?

Seems like I am asked this question whenever I make small puchases with my credit card, like coffee at Starbucks, and it always causes me to pause and think for a moment about the best answer. I usually say no, but I always have a millisecond of doubt in my mind whether I should have kept it for som...
by investorpeter
Sat Oct 07, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

In Missouri I've never had a notary ask for more than a Driver's license. No thumbprint. I have had stuff notarized in CA and Oregon, and in both cases ID and thumb print were recorded in the notary's book. And I believe the OP mentioned that the notary in this case was allegedly (if real) in CA. H...
by investorpeter
Fri Oct 06, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

Thanks again for all the support and good advice. Today was spent talking to other financial institutions that house my parents' money. All I can say is that Ally, Vanguard and Fidelity have security measures in place that are significantly more sophisticated than those of the custodian of the acco...
by investorpeter
Thu Oct 05, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

Also, I think the notary is an important lead here. If the notary is a true person, s/he would have had to look at the person's ID and face before notarizing. The notary could provide key info the physical characteristics of someone involved in the scam and definitively say it was not your father. T...
by investorpeter
Thu Oct 05, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

I would call Regions first thing tomorrow. Though unlikely, you never know, the money may still be there. I would think that transferring a huge amount of cash into a bank under one name and then transferring it out to a different name would raise some red flags at Regions. Obviously the scammers th...
by investorpeter
Thu Oct 05, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 388
Views: 54012

Re: Retirement Account Stolen by Identity theft

Maybe I missed it, but what happened to the cash that was transferred to an account in your father's name at Region's Bank?
by investorpeter
Sun Oct 01, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

If I had my choice between $75k of income and $150k which included $75k of LTCG, I would choose option B and never give it another thought. There comes a time where depriving the tax man means a substantial lowering in standard of living... I hear ya. Tax efficiency does get to be kind of a self-de...
by investorpeter
Sun Oct 01, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Thanks everyone for the detailed calculations and advice. I will need a long weekend to digest all on this. But at least one thing is clear in my mind - that I need to at least consider Roth conversions before realizing LTCGs in early retirement. In my case, the LTCGs are about 2x the amount in tax ...
by investorpeter
Sun Oct 01, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

...If you have any money in tax-deferred accounts, you could also consider doing Roth conversions in your retirement years. Since the conversions would count as ordinary income, this would reduce the space you have for 0% long-term capital gains. If you have $750k in taxable LT capital gains at ret...
by investorpeter
Sun Oct 01, 2017 12:08 am
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 6924

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

The problem as others have said is this is just a backtest. This is curve fitting using the entire data set. Every set of data will have an optimal curve that fits best on backtesting. So over this period of time, for this stock, for these indicators and variables, the optimal curve was found. What ...
by investorpeter
Sat Sep 30, 2017 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Yea, healthcare is the biggest question of all. Harry Sit at The Finance Buff blog has an old article about the Obamacare ACA Premium Subsidy Cliff - https://thefinancebuff.com/stay-under-obamacare-premium-subsidy-cliff.html . The article is from 2013, but I don't think any of the relevant laws hav...
by investorpeter
Sat Sep 30, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

https://www.bogleheads.org/wiki/Tax_gain_harvesting OP, Why do you need to retire before you do this? Depending on your current marginal tax rate, you may do some tax gain harvesting now. KlangFool I would pay 20% capital gains if I sold today. So that means you're in the top tax bracket right now....
by investorpeter
Sat Sep 30, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Several points: (1) Make sure that you really understand how long-term capital gains are taxed. I just explored this recently and it's a bit tricky. Michael Kitces has an excellent explanation at https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gains-tax-rate-how-t...
by investorpeter
Sat Sep 30, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

KlangFool wrote:
Sat Sep 30, 2017 9:41 pm
https://www.bogleheads.org/wiki/Tax_gain_harvesting

OP,

Why do you need to retire before you do this? Depending on your current marginal tax rate, you may do some tax gain harvesting now.

KlangFool
I would pay 20% capital gains if I sold today.
by investorpeter
Sat Sep 30, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Yes, exactly. That was quite an eye-opening realization for me. Makes it seem like a no-brainer to stop working enough years before a pension starts to be able to harvest capital gains. And I see your point about the exemptions and deductions reducing my taxable income thereby providing some wiggle ...
by investorpeter
Sat Sep 30, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 3119

Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

I'm getting to the point of thinking about the best time to retire early. And while there are many other factors that go into the decision, I can't help but try to think about the most tax-efficient strategy, so I thought I would just think this out in writing and see if others have comments or are ...
by investorpeter
Tue Sep 26, 2017 9:34 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13150

Re: Any "average Joe" here actually make out well with individual stocks?

Average Joe here who started investing in individual stocks about 20 years ago in college and have gone through phases of all individual stocks to all index funds. Right now I have about 1/2 my assets in low cost index funds and 1/2 in individual stocks. The individual stocks are doing better than t...
by investorpeter
Fri Aug 04, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 26326

Re: A poll: How much money do you want to retire?

Early 40's. Plan to retire when investment portfolio = $3.5 million, with a target age of 45. Amount goes down by $100k for each year after 45. So if I retire at 50, then only need $3 million; 55, $2.5 million; 60, $2 million; 65, $1.5 million, etc. etc. This is with estimated annual spending of $84...
by investorpeter
Sat Jun 17, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 9708

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

I prefer Nvidia over Google as a stock right now. Google's tensor flow chip may be faster at certain applications, but Nvidia's GPUs are more adaptable to differing applications and I would argue that no one has come up with a transformative application for AI yet; autonomous driving being the leadi...
by investorpeter
Mon Mar 06, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 279
Views: 49963

Re: Physician Retirement Savings

Great thread! This is very informative for comparing apples to apples. Our situation: I work full-time, stay-at-home wife, no kids, low cost of living area, fully paid off home with no mortgage. Spending: varies between $85,000 and $95,000 per year, living a moderately luxurious lifestyle, consideri...
by investorpeter
Sat Nov 05, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Can My Husband Quit Work at 40 Based On Our Current Investments?
Replies: 16
Views: 4922

Re: Can My Husband Quit Work at 40 Based On Our Current Investments?

$2900 per month of expenses sounds low for a family of four, even without a mortgage payment. Is that an estimate or an actual number calculated by tracking expenses for at least a year? Try using a program like Quicken, YNAB or Mint to track your actual expenses over the next year. It can be an eye...
by investorpeter
Thu Aug 04, 2016 8:36 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 13674

Re: Suckered into Marriott Kauai Timeshare Presentation

My wife and I were roped into a time share presentation in Mexico and this was before we knew anything about time shares. We thought we were talking to an information counter at the airport, when really we were getting roped into a time share presentation. But he offered us a free private chartered ...
by investorpeter
Sun Jul 31, 2016 9:47 pm
Forum: Investing - Theory, News & General
Topic: Does anyone else create "mirror" accounts?
Replies: 9
Views: 1583

Re: Does anyone else create "mirror" accounts?

Excellent responses thanks. I think the longinvest spreadsheet could be just what I'm looking for. Will also look at the Morningstar portfolio tool. The points regarding the unlikelihood of beating professional investors and an index fund are well taken. I'm about half way through my investing life,...
by investorpeter
Sun Jul 31, 2016 7:23 pm
Forum: Investing - Theory, News & General
Topic: Does anyone else create "mirror" accounts?
Replies: 9
Views: 1583

Does anyone else create "mirror" accounts?

This is my first post; I apologize if it is confusing. But I am trying to find a way to compare returns across different accounts. I have active and passive investment accounts. I guess I am not a true believer (yet) in the bogleheads philosophy. The problem is that I have a hard time finding object...