Search found 303 matches

by carguyny
Sat Sep 22, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Linking Interactive Brokers (Checking) Account to an External Bank
Replies: 8
Views: 615

Re: Linking Interactive Brokers (Checking) Account

I have my bank accounts saved on the IB side - takes about 3 or 4 days for each ACH to be available. BPay is actually the fastest if your bank has them in their system. I can BPay as late as 8pm ET and it clears on the IB side by 10am the next morning.
by carguyny
Thu Sep 20, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Traveling overseas .. credit cards? cash exchange?
Replies: 43
Views: 2582

Re: Traveling overseas .. credit cards? cash exchange?

Was in Norway last month and was shocked that some hotels and restaurants DO NOT TAKE CASH. Credit/debit cards only. Times are a'changing…. Was in Italy last month and if you're off the beaten track many places only take cash. Norway and Italy are very different places. What I travel with and I tra...
by carguyny
Wed Sep 19, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: Why is it so much cheaper to borrow money in Euros?
Replies: 19
Views: 2088

Re: Why is it so much cheaper to borrow money in Euros?

True risk free trade the cost will be within 1 or 2 bps of each other. You need to borrow Euro, convert to USD at spot, have small forwards on coupon payments, have maturity payment forward for principal. Last time I needed to calc it all out, they happened to be spot on - ignoring transaction costs.
by carguyny
Mon Sep 17, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Travel- overwater bungalows
Replies: 16
Views: 2320

Re: Travel- overwater bungalows

OWBs at the Hilton in Moorea (we didn't go to Bora Bora) were NOT secluded (unless maybe you were the end unit), as a boardwalk connected them (not a boat). So the ones closest to the shore were guaranteed to have people walking buy. To be honest, we didn't think that much of Tahiti. It is like a v...
by carguyny
Sat Sep 08, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Deep ITM call options and asset allocation
Replies: 12
Views: 928

Re: Deep ITM call options and asset allocation

1 week or 2 of bad news could wipe all of the intrinsic value of the options out. I recommend you don't count it at all until you're 100% realized - I had an option trade on a very volatile stock move more than 3,000% in one day last week, 600% is a day or two in the options world. Also, know that t...
by carguyny
Sat Sep 08, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Is it sensible to buy a car from Elon Musk?
Replies: 59
Views: 3038

Re: Is it sensible to buy a car from Elon Musk?

Not such much an EM issue, but parts availability is already terrible. If the company goes into more financial stress, I doubt it will get better. If it goes under, someone will need to make molds for things like bumpers, or figure out how to buy the molds from a s. 363 sale which will take a long-t...
by carguyny
Fri Sep 07, 2018 8:12 pm
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2211

Re: D. E. Shaw fund prospectus - would you invest?

As an industry insider, if you're seeing it as an individual it's probably the crap the institutional LPs didn't want. You won't get access to any of the great funds as a retail investor unless you're friends with the Managing Partner.
by carguyny
Fri Sep 07, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: Large Family Trip - Florida or Carribean
Replies: 24
Views: 1715

Re: Large Family Trip - Florida or Carribean

Barbados has some of the best waters anywhere in the world, will be around 80F water temp in February.
by carguyny
Fri Sep 07, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: could windshield claim to insurance impact what i pay?
Replies: 14
Views: 776

Re: could windshield claim to insurance impact what i pay?

We have Chubb, but last year my wife got one when driving. She called them, they asked if we try a repair first and send a repair truck to where the car was parked. Repair job was perfect and they paid the company directly. No change in our rate at all. They followed up to make sure we were happy an...
by carguyny
Fri Sep 07, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Are the stock market movements really random?
Replies: 37
Views: 2817

Re: Are the stock market movements really random?

Not random, just difficult to capture what drives it using statistics and maths. The shorter the interval the more predictable it is based on psychology and trends, the longer the interval the more predictable it is based on fundementals. The events that drive the stock price can be random (e.g. Mus...
by carguyny
Wed Sep 05, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 40027

Re: Lucrative careers?

I work in funds management - started earning 7 figures in my 30s, current thought is to retire at 45 and just trade for myself.
by carguyny
Wed Sep 05, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Google's secret deal with MasterCard to buy all your CC transactions
Replies: 25
Views: 3107

Re: Google's secret deal with MasterCard to buy all your CC transactions

I have my credit cards in Google pay already - gives me an alert of my phone when a transaction is posted. Great security when travelling etc. They also give my digital wallet a different card number than the physical card to protect my physical card further. Today I'm carrying 0 physical cards - in...
by carguyny
Sun Sep 02, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Do-It-Yourself Wiring the Home With Ethernet: What to Buy
Replies: 54
Views: 3232

Re: Do-It-Yourself Wiring the Home With Ethernet: What to Buy

I think you'll save time and money creating a Google mesh network. Or are you looking at this as a hobby? Plus, it should increase the value of the house. Unfortunately, it will not. There will be a $0 gain in value. It would be good to consider the expected lifecycle of the system you are putting ...
by carguyny
Sat Aug 25, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in a Broadway show production
Replies: 28
Views: 2352

Re: Investing in a Broadway show production

Friends of mine invested in a show a couple of years ago (Executive Producer I think) - show was successful, critics loved it, nominated for a tony. They got to attend the Tonys as well as opening night. Total money recovered is still $0.
by carguyny
Thu Aug 23, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: $65K Fun Daily Driver
Replies: 112
Views: 8612

Re: $65K Fun Daily Driver

Take a look at an Audi RS5 Sportsback - I think it might be the best one car to rule them all. A little above budget, but not that much above. I had the old RS5 and if it wasn't a coupe I might have kept it longer. I've also had a Macan S and Macan Turbo - I wouldn't go in that direction, much less ...
by carguyny
Tue Aug 21, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 69
Views: 4704

Re: You Invest from JP Morgan [free trades offer]

I was a chase client back when you could buy Vanguard Admiral shares for free. I held some cash in a Vanguard Money Market fund as their savings interest rate was 0.02%. Sold some of the holdings one day and a little more 20 days later as I was using it to hold some cash ear marked for spending. The...
by carguyny
Fri Aug 17, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Best (most practical, low cost) Luggage for Airline Travel
Replies: 56
Views: 3824

Re: Best (most practical, low cost) Luggage for Airline Travel

Thinking a bit outside of the usual luggage store fare, consider looking at the Osprey brand. Found at outdoors stores (for example REI) their travel luggage line has many sizes and styles, is very lightweight, very rugged, designed with good features, and reasonably priced. We have an Osprey bag t...
by carguyny
Fri Aug 17, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 31
Views: 2152

Re: Quant / Financial Technology Job Opportunities / companies in New York City

Best advice would be for him to start algo trading now and show a great track record of success. You need to stand out, show you've got what it takes. Uhmmm really. :?: These folks are numbers, modelling, probability and theoretical folks, will see/ Just my view as a Quant trained Fund Manager - ev...
by carguyny
Fri Aug 17, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Quant / Financial Technology Job Opportunities / companies in New York City
Replies: 31
Views: 2152

Re: Quant / Financial Technology Job Opportunities / companies in New York City

Best advice would be for him to start algo trading now and show a great track record of success. You need to stand out, show you've got what it takes.
by carguyny
Sun Aug 12, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7511

Re: Moving from Vanguard to Fidelity

It seems crazy to me to switch to Fidelity for a few basis points on index funds. Check out their money market and bond funds. Lot more expensive than Vanguard. Lot more “hard sell” at Fidelity. Fidelity is a private company. It is in business to make a profit and to look out for the interest of it...
by carguyny
Sun Aug 12, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7511

Re: Moving from Vanguard to Fidelity

I'm not sure why people keep saying you can't have Admiral shares at Fidelity. I've not tried to transfer any in, but we just added a Vanguard Admiral fund to our workplace 401k that has been with Fidelity for years. So given they can indeed sell them and we pay $0 for the purchase in the 401k, I wo...
by carguyny
Sat Aug 11, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10600

Re: The Bigger Story: Fidelity Expense Ratios

An interesting question for a Vanguard rep would be "can I change my Admiral shares to Investor shares before I transfer them to Fidelity?" Curious whether Vanguard would allow that. I saw one article (which I can't find now) that said the restriction on non-Vanguard firms holding Admiral shares is...
by carguyny
Sat Aug 11, 2018 5:32 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25113

Re: Invest in Tesla?

Self driving car white paper follows. I think I saw a principal in the company suggest $4000 price target next 5 years http://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/Self-Driving-Cars_ARK-Invest-WP.pdf?hsCtaTracking=e1ba6de4-092d-49d3-96f1-4842a8352a59%7C6b53c09b-7846...
by carguyny
Fri Aug 10, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10600

Re: The Bigger Story: Fidelity Expense Ratios

I have to wonder if this is "The Bigger Story": Family First How the owners of Fidelity get richer at everyday investors’ expense By Tim McLaughlin Filed Oct. 5, 2016, noon GMT The billionaire Johnson clan has a private venture capital arm that competes directly for lucrative deals with the Fidelit...
by carguyny
Wed Aug 08, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25113

Re: Invest in Tesla?

The other manufacturers will have to be dragged kicking and screaming into electric vehicles, no matter how many models they promise, concept artwork they release, etc. Mitsubishi, Nissan, Ford, and Volvo all had regular production EV's on the market before Tesla (not counting the original roadster...
by carguyny
Wed Aug 08, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 21
Views: 1268

Re: 3 weeks in Australia

If your wife is a big into wine consider skipping Adelaide and making the trip over to Perth. To me the most memorable and remarkable intinery would be arrive in Sydney for a few days. Do Uluru and Kakadu then head to Perth for Swan Valley wine region. Finish up with a trip to Ningaloo Reef. This sh...
by carguyny
Tue Aug 07, 2018 8:55 pm
Forum: Personal Consumer Issues
Topic: Whole house generator
Replies: 31
Views: 1833

Re: Whole house generator

Just keep in mind that Nat Gas pipelines are increasingly relying on electricity for gas compression and processing. There is an increasing probability that in a severe power failure that the gas supply is compromised. In recent years, due to increased nat gas power generation, regional transmission...
by carguyny
Tue Aug 07, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25113

Re: Invest in Tesla?

This means TSLA in play. I suspect that some serious number crunching now being done by likes of Apple, Google, and legacy auto makers like Daimler Benz and Volkswagen. Not to mention unknown Chinese or Japanese companies. We live in interesting times. There's nothing of value in Tesla for most of ...
by carguyny
Fri Jul 27, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Decision for Stay at Home Wife?
Replies: 84
Views: 3606

Re: Decision for Stay at Home Wife?

We have a fantastic Nanny and my wife works at a Bulge Bracket firm. My wife says all the time that our Nanny does a much better job and her and she appreciates the time with the kids more. She had 5 months maternity leave with each kid, so got to experience the stay at home life and it wasn't for h...
by carguyny
Thu Jul 26, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Facebook stock in freefall! (20% drop in 1-day)
Replies: 120
Views: 11178

Re: Facebook stock in freefall! (20% drop in 1-day)

There are 48 analysts following FB. These are the people who know details of their business better than Zuckerberg. If anyone knows, it's them. Before earnings report they gave the following signals: 44 BUY 2 SELL 2 HOLD I am not a math genius, but that is a catastrophic miss! Earnings came in at a...
by carguyny
Thu Jul 26, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25113

Re: Invest in Tesla?

Tesla is the most difficult of all stocks to trade in my opinion. I've done it a couple of times but the market sentiment is more difficult to read than any other stock. Most people that love their Tesla buy the stock, Musk has a huge position. Other insiders have a very large position then you have...
by carguyny
Wed Jul 25, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2210

Re: How much car can I buy?

Given you can't afford it monthly, I assume you're liquidating assets to buy it? Honestly, spend as little as possible until you get your lifestyle back in check. I would be concerned the costs of kids increase in the future and you're pulling money from savings in your primary saving period. I'm al...
by carguyny
Fri Jul 20, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13704

Re: Should I Dump a Pile of Money on Young Son?

Congrats on raising a great kid - I hope mine ends up with the same great judgement (he's only 4!). I'm going through a lot of the same situation now as we're set and looking at a lot of estate taxes as we keep working. I begrudgingly set up a UTMA which is highly likely to be well north of $1m when...
by carguyny
Wed Jul 18, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: $500k Term Life- get new policy?
Replies: 14
Views: 902

Re: $500k Term Life- get new policy?

I'm a only 41, but higher NW and I've won the game. I'm still working because I don't have a cheap hobby to occupy the time. My son is only 4. I'm about to buy another 20 year policy and name the guardian of my son and his trust 50/50 beneficiaries if my wife has also passed. I don't want his guardi...
by carguyny
Wed Jul 18, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25113

Re: Invest in Tesla?

Yes, at 258 on March 28. Did you? And if trading, did you sell at the peak of 370 on June 18? Today it's 322. Invest in Tesla? I am learning of this "Shorting a stock". So some posters on Mar 28 told OP to short Tesla. based on inbox788 posting, stock price was 258. All those that shorted (if that ...
by carguyny
Wed Jul 18, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 4018

Re: Buy a vacation home while renting

Your actual post tax, non-retirement liquid net worth is $50k. Terrible decision to put 100% of it into a highly levered vacation home.
by carguyny
Sun Jul 15, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Affording a $1.8-2M house
Replies: 54
Views: 9507

Re: Affording a $1.8-2M house

Slow down this time around and really think through your long-term plans. You made a bad decision last year on items that were 100% knowable at the time. Are you sure you're not chasing a house/lifestyle you now think you can afford? If you're high performers, I'm sure you can figure out a work situ...
by carguyny
Sun Jul 15, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: Opinions on this new fund: suitability for EM small and value
Replies: 22
Views: 4047

Re: Opinions on this new fund: suitability for EM small and value

I was recently looking at this as I'm considering replacement for DFA EM Small Cap Fund (DEMSX) and I thought First Trust Emerg Mkts SC AlphaDEX ETF (FEMS) looked the most interesting - especially given the factor loads.

Haven't made the switch yet, but probably will soon.
by carguyny
Thu Jul 12, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Selling Treasuries before maturity
Replies: 11
Views: 1249

Re: Selling Treasuries before maturity

Spreads on Interactive Brokers are much more reasonable, but you pay a very small commission. Fidelity, Vanguard and Schwab are making their money in the spreads. Commission is $5, but it gets you north of $250k in bonds for $5. (0.002 cents per Bond). Right now I don't see a spread wider than 1.4 c...
by carguyny
Tue Jul 10, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: $860 Million ETF Trade
Replies: 16
Views: 2157

Re: $860 Million ETF Trade

SPY is the gold standard in liquidity, the 9 bps as includes a liquidity premium. If you're using an option strategy on the US market, SPY is the most liquid and best for that given the very frequent expiry dates. This year there has been days with single fund flows of $7bn+. 90-day avg vol on SPY i...
by carguyny
Wed Jul 04, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Surface Pro(2017) vs 9.7" iPad 2018 (edited)
Replies: 35
Views: 2673

Re: Surface Pro(2017) vs 10.5" iPad Pro

As others have suggested, don't get an iPad. Terrible devices these days, very out of date with what others are doing. I recently purchased one in March for my Preschooler and having owned 4 previously in years gone by, they've just not progressed and seem to actually have gotten worse. I use a Pixe...
by carguyny
Tue Jul 03, 2018 7:23 am
Forum: Personal Consumer Issues
Topic: How Not to be a Slave to my Wood Deck?
Replies: 37
Views: 3059

Re: How Not to be a Slave to my Wood Deck?

We did a very large synthetic deck 8 years ago. Still looks 100% brand new. We've never even washed it - rain takes care of it and it is much nicer than wood under barefeet. It looks very close to real wood as well. Expensive but wouldn't go any other direction if doing it again today.
by carguyny
Tue Jul 03, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3560

Re: Advocating to not index

I'm no longer a big Index Fund fan - I think the space has become too crowded and won't manage the next major drawdown without significant tracking error and increases in costs trying to manage liqiduity as investors flee. I now use the IB SMAs for 8 bps and hold the shares directly. The small littl...
by carguyny
Tue Jul 03, 2018 7:01 am
Forum: Investing - Theory, News & General
Topic: 59 1/2 and on my 401(k) advisory committee !!!!
Replies: 5
Views: 894

Re: 59 1/2 and on my 401(k) advisory committee !!!!

Sorry to be blunt, but if you can save 40 bps how is the current plan good? A good plan should have basic index funds at rates as good as or better than you can get directly yourself. I'm on my 401k comittee at work and I made sure we had a US Index Fund, Developed International, EM, Total Bond and ...
by carguyny
Fri Jun 29, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 111
Views: 8526

Re: Can I buy a Tesla?

Even separating the financial from the car, keep in mind that the EV market is seeing a lot of new models over the next 12 to 24 months. Model 3 would be near the bottom of the list for me with the Porsche Taycan towards the top. You also have the Volvo XC40 EV, Audi e-tron, BMW x3 EV, Mercedes EQ3,...
by carguyny
Fri Jun 29, 2018 7:08 am
Forum: Personal Consumer Issues
Topic: Anyone Tried Youtube TV Yet?
Replies: 42
Views: 4204

Re: Anyone Tried Youtube TV Yet?

Been using it since launch. Had Playstation Vue and DirectTV Now prior to it. Easily the best service of the three. As mentioned, the app is fantastic. We have a Chromecast on every TV and it has been great. We had a problem once and it turned out to be on the Google side and was resolved quickly.
by carguyny
Thu Jun 21, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4874

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

I know leasing isn't really popular on here, but if you don't need a lot of miles it's worth looking into. Total cost of ownership can come out significantly ahead on good deals. For example, I know from time to time you can lease an XC90 T5 for $400/mth at 10k miles/year (12k won't be much more). F...
by carguyny
Wed Jun 20, 2018 7:06 am
Forum: Investing - Theory, News & General
Topic: McKinsey: Rising corporate debt: Peril or promise?
Replies: 6
Views: 843

Re: McKinsey: Rising corporate debt: Peril or promise?

I do not own Corporate Bonds as I like my bonds for safety rather than return. There is no risk benefit to holding a basket of Corp bonds vs Treasuries. I also don't hold any MBS, agency bonds etc - just boring Treasuries. I started my career 20 years ago in Debt Capital Markets and have also been i...
by carguyny
Tue Jun 19, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9250

Re: Help Buying Mens Shoes for Work and Dating

IMO, it's less about brand and more about having a sense of style. The 4 pairs of shoes I would recommend are: 1. Espadrilles for very casual wear, beach, summer, bbq etc 2. Driving loafers for a bit more up market casual 3. Dress loafers with high Vamp for business 4. Monk straps, for great versati...
by carguyny
Sat Jun 16, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5614

Re: A vehicle that "sits up" but can't afford CRV

99% of people are confused with seating position, you want to be as low as possible looking as far out and up as possible. Look for cars with great visibility, which has nothing to do with car height or sitting up as you put it. Lots of compact SUVs I've sat in have terrible A-pillar blind spots. He...