Search found 167 matches

by desafinado
Thu Apr 02, 2020 2:11 pm
Forum: Personal Investments
Topic: Any high bracket investors dumping munis?
Replies: 127
Views: 9388

Re: Any high bracket investors dumping munis?

35% bracket... i had been keeping my intermediate efund (~50k) in VNYTX, sold a couple weeks ago when it started looking like it was gonna get especially bad in NYC where I also live. couple hundred bucks in capital losses, but worth it.
by desafinado
Sat Mar 28, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: CARES Rollover: “Bad” Plan to “Good” Plan
Replies: 11
Views: 1264

Re: CARES Rollover: “Bad” Plan to “Good” Plan

Can you rollover from trad to roth without paying any income taxes with this?
by desafinado
Wed Mar 25, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: How Dangerous is This TLH Strategy?
Replies: 4
Views: 424

Re: How Dangerous is This TLH Strategy?

seems like the risk has shown up
by desafinado
Tue Mar 24, 2020 8:13 pm
Forum: Investing - Theory, News & General
Topic: 7% Yield on High Yield Corporate > EM Debt
Replies: 62
Views: 4459

Re: 7% Yield on High Yield Corporate > EM Debt

with the new fed actions aren't corporates basically just equities with a fed bid?
by desafinado
Sat Mar 14, 2020 11:40 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296834

Re: Coronavirus and the market

For the most part I am sitting tight, but I'm planning to sell my NY muni bonds on monday. Crash risk + correlation is freaking me out too much and the nominal amounts at hand are not huge.
by desafinado
Wed Mar 11, 2020 7:36 pm
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 246
Views: 26089

Re: The end of cruise ships

The banks were bailed out arguably because there was systemic risk involved in not bailing them out. Cruise ships are different - they're a relatively simple business and use modest amounts of leverage. There's no reason the bondholders can't run cruise companies just as well as the current equity h...
by desafinado
Fri Jan 03, 2020 9:12 am
Forum: Personal Investments
Topic: Backdoor Roth: Questioning Traditional Advice on Step #1
Replies: 20
Views: 1343

Re: Backdoor Roth: Questioning Traditional Advice on Step #1

My custodian is Vanguard. I scheduled the trad IRA contribution from my bank account on 1/1. I currently still can't do the Roth conversion - Vanguard is telling me that I have "unavailable shares". Not a big deal, but next year should I transfer money to trad from taxable instead so that there is n...
by desafinado
Wed Jan 01, 2020 9:11 am
Forum: Personal Investments
Topic: How do you manage your Roth Contributions?
Replies: 3
Views: 436

Re: How do you manage your Roth Contributions?

I just always do backdoor contributions. These days I'm over the limit, but I did a backdoor contribution in 2018 when I wasn't sure if I would be over the limit or not. I was pretty sure that I wouldn't be in the range where I'd regret not doing a trad contribution. Shucks if you have an existing t...
by desafinado
Sun Dec 29, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 149923

Re: High Earners - What's Your Profession?

Software engineer at a hedge fund in NYC. Base is $230k, bonus varies, but was $415k last year. Haven't gotten my numbers for this year yet. How long have you been at it? I have a broadly similar job and my all-in is at ~300 after a couple years. How long have you been working professionally? Coupl...
by desafinado
Tue Dec 24, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 149923

Re: High Earners - What's Your Profession?

60B4E24B wrote:
Sun Dec 22, 2019 10:13 pm
Software engineer at a hedge fund in NYC. Base is $230k, bonus varies, but was $415k last year. Haven't gotten my numbers for this year yet.
How long have you been at it? I have a broadly similar job and my all-in is at ~300 after a couple years.
by desafinado
Wed Nov 13, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?
Replies: 21
Views: 3100

Re: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?

Me, in NYC (GF and I live separately, don't really share expenses) Rent: $2500 for a small but well-appointed 1br a 15 minute subway ride to work. Utilities: $40 Internet/cable: $50 for internet Cellphone: $50 Transportation: $200 (mostly pretax) Grocery: $300 Eating out: $800 Entertainment: $0-2000...
by desafinado
Sat Oct 19, 2019 9:32 am
Forum: Personal Investments
Topic: Buy Limit Order Filling Question
Replies: 14
Views: 1052

Re: Buy Limit Order Filling Question

Maybe the broker is displaying midmarket as the price?
by desafinado
Thu Sep 05, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631340

Re: U.S. stocks in free fall

Are Euro / International the new low-vol? They correlate well with US equities currently... but seem much less volatile. I feel when I'm buying VXUS I'm really buying German banks.. just like when buying VTI I'm buying US tech. They feel like the drivers of the index. Nestle has been a big part of ...
by desafinado
Thu Aug 22, 2019 8:55 pm
Forum: Personal Investments
Topic: Overwhelmed by bond diversification strategies for young investor
Replies: 28
Views: 1407

Re: Overwhelmed by bond diversification strategies for young investor

Bonds at 24? No way. +1 To be honest, I've never understood this point of view unless people are doing a bucket thing where they don't count an emergency fund as part of your portfolio. Let's say you have a pretty fair size portfolio for a young age, 200k like OP. An emergency fund might still be s...
by desafinado
Sat Aug 17, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Go for new job (more pay but travel) or stay?
Replies: 65
Views: 4250

Re: Go for new job (more pay but travel) or stay?

Your profile says you are in California. Just get another job that pays 300k.
by desafinado
Sat Aug 17, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds
Replies: 36
Views: 3999

Re: Bloomberg: U.S. Weighs Selling 50- and 100-Year Bonds

This is excellent news for young savers with long investment horizons. For someone in their 20s or 30s, 50+ year bonds (and maybe even 50 year TIPs ??) are just about the only bonds that can be used to fund late retirement now. Of course, there are already global government, corporate, and municipal...
by desafinado
Sat Aug 17, 2019 1:38 am
Forum: Investing - Theory, News & General
Topic: Quick (without looking) what do you think YTD total return of US Bond Index is?
Replies: 46
Views: 4529

Re: Quick (without looking) what do you think YTD total return of US Bond Index is?

petulant wrote:
Fri Aug 16, 2019 10:31 pm
stlutz wrote:
Fri Aug 16, 2019 7:32 pm
Should also add to the quiz: What hated (on BH) investment is outperforming all of the mentioned options this year?
Gold? :P
LTT
by desafinado
Fri Aug 16, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 3943

Re: HCOL savings rates

I don't think it's wrong to call it 33k of spend but it's more like 80 or 90k of consumption given imputed rent. Kudos nonetheless!
by desafinado
Fri Aug 16, 2019 8:47 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 30127

Re: Larry Swedroe: Small Value Stocks are Cheap

I disagree completely. Let's say I have 50 businesses all making money and let's say I have two options: 1) Create a single large cap corporation to run all 50 businesses under one umbrella. 2) Create 50 separate small cap corporations. To me, corporate organization makes little difference in diver...
by desafinado
Fri Jun 21, 2019 7:33 am
Forum: Investing - Theory, News & General
Topic: Discrepancy in international fund returns?
Replies: 8
Views: 507

Re: Discrepancy in international fund returns?

I was looking at this too because the VXUS share class was also up a little over 1%. I think it turns out that the daily rise yesterday just so happened to be equal to the q2 dividend of 32 cents per share, which seems to have been paid and reinvested in my roth yesterday, though not in taxable. Or ...
by desafinado
Fri May 31, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: Question regarding the phrase "smart money"
Replies: 23
Views: 1793

Re: Question regarding the phrase "smart money"

I've also heard people use "smart money" to refer to the options market, since you can roughly transform option prices into "the [options] market thinks there's a 10% chance of an earnings beat" or whatever.
by desafinado
Wed Apr 17, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: VHT / XBI / XLV holders (healthcare)
Replies: 27
Views: 2353

Re: VHT / XBI / XLV holders (healthcare)

kinda seems like a good hedge against high future healthcare costs
by desafinado
Thu Apr 04, 2019 11:12 am
Forum: Investing - Theory, News & General
Topic: Anyone projecting a REALLY low SWR?
Replies: 24
Views: 1683

Re: Anyone projecting a REALLY low SWR?

I also think at the moment with valuations looking somewhat less attractive it's not an unreasonable time to direct cashflow towards deferred home maintenance and other significant purchases that might either increase qol or reduce required outflow later on.
by desafinado
Mon Mar 18, 2019 8:51 pm
Forum: Personal Investments
Topic: When to quit feeding the pig?
Replies: 54
Views: 8360

Re: When to quit feeding the pig?

There's also more marginal tax-advantaged spaces that you may or may not have figured in already, and may or may not fit into your planning. 529s and I-Bonds are two examples if you think you might have education expenses later and are ok with the liquidity profiles of both.
by desafinado
Sat Feb 16, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: Ruminations on Taleb's "Antifragile" and its Applications to Retirement Income
Replies: 115
Views: 9058

Re: Ruminations on Taleb's "Antifragile" and its Applications to Retirement Income

Personally I'm pretty skeptical about LMP. It seems to me that most people can't afford to do it at 0.5% real yields and the people who can afford LMP portfolios don't need them. I'm sure there's a sweet spot where it makes sense to buy some SPIAs or have a few years in TIPs but even in a crisis I d...
by desafinado
Sun Jan 20, 2019 8:02 pm
Forum: Personal Consumer Issues
Topic: What to do this weekend in Tokyo?
Replies: 19
Views: 1645

Re: What to do this weekend in Tokyo?

i haven't seen it mentioned here but i believe the pasmo card lets you use multiple rail operators. it can be purchased at the airport when you arrive. Shimokitazawa is another cool neighborhood that hasn't been mentioned yet. Sort of reminded me of Williamsburg, Brooklyn.
by desafinado
Sat Jan 19, 2019 9:39 am
Forum: Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 5625

Re: Never thought it would happen to me - life changing injury

Maybe I missed this but will you continue to get SSDI income after the settlement? That's a material amount of income relative to 3% swr on a 1.5m portfolio.
by desafinado
Sat Jan 19, 2019 9:30 am
Forum: Personal Investments
Topic: Going from 100-0 to 90-10 with bonds in taxable account
Replies: 15
Views: 1252

Re: Going from 100-0 to 90-10 with bonds in taxable account

for a relatively comparable tax situation/portfolio size i’m running 50/50 VYFXX/VNYTX for a synthetic intermediate muni in taxable. I might rejigger this in a couple years as absolute values change and i’ll have more space in tax deferred to hold all the bonds I want but so far I am reasonably happ...
by desafinado
Sun Jan 13, 2019 10:48 am
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 2069

Re: ROI calc on grocery expenses

LookinAround wrote:
Sat Jan 12, 2019 4:31 pm
Hmmm.. Is there a market for mac and cheese futures?
https://www.cmegroup.com/trading/agricu ... heese.html
by desafinado
Sat Jan 12, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2901

Re: 29 Y.O. with a $60,000 bonus

2.) Put it in an ETF and set it aside. I plan on having $300,000 in an ETF by 2022. This fund will be set aside until my retirement (so, instead of contributing every year to retirement, I'll contribute a lot up front and then just enjoy the peace of mind :-) ) do you have access to a 401k at your ...
by desafinado
Mon Jan 07, 2019 9:15 pm
Forum: Investing - Theory, News & General
Topic: Strategy for the Bogleheads contest
Replies: 36
Views: 1982

Re: Strategy for the Bogleheads contest

It has to do with the shape of the normal distribution (bell curve). Except for the minor detail that the normal distribution may not be a good model for the distribution of the S&P500 index. The logic (that the optimal bet is a cut-throat bet) would hold for all probability density functions that ...
by desafinado
Sun Jan 06, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 14590

Re: What do you think are (some of) the best states to live in?

Interestingly, I know a surprising amount of young people (former college classmates) who are moving to nashville. Our school is hundreds of miles away from nashville and other cities have tended to be bigger anchors, but it seems to offer lots of culture and some professional opportunities at a low...
by desafinado
Thu Jan 03, 2019 10:55 pm
Forum: Investing - Theory, News & General
Topic: 10yr treasury < Fed Funds rate
Replies: 6
Views: 1203

Re: 10yr treasury < Fed Funds rate

I'm also curious about the spike in LIBOR/SOFR we've seen over the last few days of over 50 bps. Any insights?
by desafinado
Tue Jan 01, 2019 10:11 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 9897

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

I think I messed up and it will be a couple days before I can convert to roth. But it seems like as always I'll be buying lagging VTIAX.
by desafinado
Tue Jan 01, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1484
Views: 388076

Re: Share your net worth progression

desafinado wrote:
Sun Dec 31, 2017 9:44 pm
2013: ~11k
2014: ~13k
2015: ~13k
2016: ~29k
2017: ~42k
2018 (started full time work): ~150k
by desafinado
Tue Jan 01, 2019 4:55 pm
Forum: Personal Investments
Topic: Anyone allocating more into International funds this year?
Replies: 28
Views: 1888

Re: Anyone allocating more into International funds this year?

Planning on staying ~55/45 but probably will frontload international a bit above that.
by desafinado
Tue Jan 01, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 701
Views: 21445

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

2119.31

bonus prediction:
the italian bond spread will widen to 400 bps
by desafinado
Tue Jan 01, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: Odds on next trade are 50-50 Bernstein: Against the Gods
Replies: 32
Views: 2987

Re: Odds on next trade are 50-50 Bernstein: Against the Gods

you could have intraday performance be a random walk such that trading is random, and earn all the risk premia overnight. but the 'trading is random' assumption ignores microstructure.
by desafinado
Sun Dec 30, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 933
Views: 266012

Re: Should I use margin to buy a balanced fund?

Rob, any update given rising rates and recent stock market volatility?
by desafinado
Sat Dec 29, 2018 1:12 pm
Forum: Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 5084

Re: What do you do with dividends?

it’s all fungible, but for taxable i send to the settlement account. this quarter i will use them as part of my roth contribution, the last 3 quarters i reinvested into international as it was falling.
by desafinado
Sat Dec 22, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2909

Re: Expensive Colleges - Investment Worth It

I didn’t think so, my kid didn’t have entitlement either, easy for me to decide or her to decide. Now her roommate graduated from one of those top schools, ended up in the same job and employer. Maybe worth it to some very specific kids with very specific career aspirations, but once you graduated ...
by desafinado
Sat Dec 22, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631340

Re: U.S. stocks in free fall

What's the current PE ratio of Vanguard total stock market? Vanguard website shows 18.7 but does this reflect the recent drop? They have quarter end and month end. They don't show December in ether. December was OMG. Forward PE on the S&P 500 is 15.09 That 123.80 value for the Russell 2000 12 month...
by desafinado
Sat Dec 22, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2909

Re: Expensive Colleges - Investment Worth It

I know you just picked Northwestern at random, and I actually agree with all of your other points. But as a proud NU grad let me just point out that classmates of mine were recruited by all the major investment banks and consulting firms. Two friends in my class joined D. E. Shaw, the famously sele...
by desafinado
Sat Dec 22, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2909

Re: Expensive Colleges - Investment Worth It

So, a top university education is a bundled product. It's part luxury consumption good and part financial investment. I think whether or not you should think of it as more one than the other depends on a few factors. 1. Your student's aspirations and specific talents. There *are* doors that are only...
by desafinado
Sat Dec 22, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Cold war era urban/architectural drawings
Replies: 0
Views: 272

Cold war era urban/architectural drawings

Does anyone know where to look for these either online or in the physical world? I was recently inspired by the Yugoslavia exhibit at the MoMa[1] and would love to pick something up for myself.


[1] https://www.moma.org/calendar/exhibitions/3931
by desafinado
Sat Dec 22, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2975
Views: 527872

Re: What are you up YTD? [Year To Date]

This is my first year in the workforce full time, so new contributions have dominated. I'm lucky that I've already had a good enough year financially to lose more than $10k in the stock market!
by desafinado
Tue Dec 18, 2018 3:56 pm
Forum: Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 58
Views: 8674

Re: Priorities - Biglaw junior associate

I just made partner at a major law firm, after 10 years of work as an associate and counsel. Started in 2008 the day after Lehman filed....if you think you can continue living on $2500 a month (where do you live btw?) then sure, you will end up with some impressive savings. I never subscribed to th...
by desafinado
Mon Nov 19, 2018 10:46 pm
Forum: Investing - Theory, News & General
Topic: Shorting the U.S. stock market
Replies: 18
Views: 2087

Re: Shorting the U.S. stock market

buy put options on an s&p500 etf.