Search found 122 matches

by monsterid
Sat Jan 13, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: How did Oakmark Equity and Income beat the S&P 500 since 1995
Replies: 3
Views: 774

Re: How did Oakmark Equity and Income beat the S&P 500 since 1995

They had huge outperformance early in the fund life and compounding from there means they are still ahead. They didn't outperform last year, the 3, 5 or 10 years before that... it was all like 2003-2007.
by monsterid
Fri Jan 05, 2018 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Ways to withdraw from Kraken in USA?
Replies: 5
Views: 999

Re: Ways to withdraw from Kraken in USA?

Use LTC not BTC. You should be good.
by monsterid
Thu Jan 04, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 28181

Re: Hitting The Sell Button

Quality problems to have =) Think of these good times during the next recession. A big reason I am doing this is the regret I experienced during the 2008-2009 bear market. I let my winners run and run and run without taking anything off the table. Rebalancing was hardly in my vocabulary. I told mys...
by monsterid
Wed Jan 03, 2018 11:40 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 28181

Re: Hitting The Sell Button

Quality problems to have =) Think of these good times during the next recession.
by monsterid
Mon Jan 01, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 8603

Re: What the experts say about Bitcoins?

... I don't think the naysayers of Bitcoin question the value of blockchain. People are getting stronger opinions b/c they sense a bubble and the folks already invested in Bitcoin are defending it by pointing to blockchain's value. Seems that's sidestepping the question to me... :thumbsup Blockchai...
by monsterid
Mon Jan 01, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 101
Views: 7051

Re: Individual Stocks That Went Bust

Radio Shack
Circuit City
by monsterid
Mon Jan 01, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 330340

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

Overall, up 17.5% for the year, mostly 60% stocks, 40% bonds. But I do have one small account where I pick stocks I think are special, buy and hold, and that account is +49% for the year (and up 300% over the last 5 years). Completely cheating vs the "book" but I do it to. It's virtually a hobby fo...
by monsterid
Mon Jan 01, 2018 4:20 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 330340

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

79.4% (although this includes savings in, haven't stripped out net-adds yet on my calcs). That's breathtaking! How did you get this kind of gain? TravelforFun Ok this questions has forced me to pull my finger out and do the math =) A combination of factors. Mostly luck. Individual equities during t...
by monsterid
Sun Dec 31, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 330340

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

79.4% (although this includes savings in, haven't stripped out net-adds yet on my calcs).
by monsterid
Sun Dec 31, 2017 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 719
Views: 195561

Re: Share your net worth progression

I'll give it a shot: 2002 $15k (finished grad school. 1983 Accord not included lol) 2007 $175k (finished medical training, very lucky on home appreciation/sale) 2009 $1MM (hit in late 2009 tons of saving for 2 years) 2012 $2MM (rinse, repeat) 2013 $2.4 2014 $2.8 2015 $3.4 2016 $4.2 Jul 2017 $4.9 (r...
by monsterid
Sat Dec 30, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: is using HSA as investment vehicle worth the trouble?
Replies: 50
Views: 4945

Re: is using HSA as investment vehicle worth the trouble?

My employer funds 100% of the HSA limit each year as standard when you choose the HDHP, so it's a bit of a no-brainer for me as my expected medical OOP is less than the HSA yearly cap. Anything I don't use is literally pre-tax free money in an at worst tax deferred account. It's literally a small 40...
by monsterid
Wed Dec 27, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 2464

Re: Would you sign a non-compete for a side-gig consulting agreement?

I did consult with a local (US-based) attorney, but they turned my job down, with the reason that the contract jurisdiction is in Canadian court. This was after clarifying with the US lawyer that I work in the US. I am now puzzled as a quick Google tells me CA does not enforce non-compete contracts...
by monsterid
Wed Dec 27, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 2464

Re: Would you sign a non-compete for a side-gig consulting agreement?

Start-up CFO here. 1. A non-compete is virtually unenforceable in CA, so if you are there it isn't worth the paper its written on. Start-ups try and get it even in CA because the threat of it gives people pause. 2. Rip it out if you are an adviser, or limit it very strictly i.e. doesn't apply to ful...
by monsterid
Tue Dec 26, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Going to Invest [inherited] 100k today. Need reassurance/help.
Replies: 14
Views: 2205

Re: Going to Invest [inherited] 100k today. Need reassurance/help.

I don't get half the comments in this thread. $100k invested right now is going to be a tiny tiny fraction of the total dollars he/she will invest over the next 10 (let alone 20 or 30 years), especially at an income of >$300k as a MD. If the market falls, great, if the market goes up great. You will...
by monsterid
Sun Dec 24, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12774

Re: Help Me [Recover] My Bitcoin!

Yeah then he's done.
by monsterid
Sun Dec 24, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth
Replies: 7
Views: 1015

Re: Mega Backdoor Roth

I'm in a similar situation. I have a solo 401k (no employees). This year I could definitely max it but would need to sell taxable investments to fully fund it. Wondering if the capital gains tax I pay now is worth getting this stuff into tax advantaged. Obviously I don't know your age or financial ...
by monsterid
Sun Dec 24, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Roth
Replies: 7
Views: 1015

Re: Mega Backdoor Roth

I'm in a similar situation.

I have a solo 401k (no employees). This year I could definitely max it but would need to sell taxable investments to fully fund it. Wondering if the capital gains tax I pay now is worth getting this stuff into tax advantaged.
by monsterid
Sun Dec 24, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12774

Re: Help Me [Recover] My Bitcoin!

feh wrote:
Fri Dec 22, 2017 10:42 am
monsterid wrote:
Fri Dec 22, 2017 10:05 am
I'm not joking.

I have blockchain.info wallet and I use gemini to buy/sell. This is literally how I do it.
Yes, when you have the wallet that was used to receive the funds. The OP does not.
I thought he said he has the wallet ID and password?
by monsterid
Fri Dec 22, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12774

Re: Help Me [Recover] My Bitcoin!

I'm not joking.

I have blockchain.info wallet and I use gemini to buy/sell. This is literally how I do it.
by monsterid
Thu Dec 21, 2017 10:51 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12774

Re: Help Me Cash Out My Bitcoin!

Hi. Four years ago someone online on a different forum was giving out small amounts of bitcoin as he was touting and promoting it. I signed up for an account on blockchain.info and sent him my blockchain address which I created (but I don't remember how exactly) and he generously gave me .05 bitcoi...
by monsterid
Thu Dec 21, 2017 10:07 pm
Forum: Investing - Theory, News & General
Topic: How I got to $1.5MM
Replies: 42
Views: 7633

Re: How I got to $1.5MM

Congratulations =)
by monsterid
Mon Dec 11, 2017 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: So bought Litecoin@ $150...
Replies: 14
Views: 2927

Re: So bought Litecoin@ $150...

I had some at $45. Swapped it into BTC. Doh!
by monsterid
Sat Dec 02, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 330340

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

YTD is +79.5% but that includes my contributions as I don't have a good way to strip that out currently so not really like to like.
by monsterid
Wed Nov 08, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 257
Views: 34406

Re: New HSA provider Lively offers investments for $30/yr fee

So full disclosure, the CEO of this company spoke to me about an investment (I angel invest in technology companies). I want to be respectful and not reveal any information he gave me in confidence about the company or the economics. I'll leave it just by saying everything I've seen on his website a...
by monsterid
Thu Sep 28, 2017 10:48 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 14181

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

I hold about 20% of my portfolio in individual stocks because it keeps me interested and I enjoy it. I have a background in finance, so I guess I'm suppose to be good at it. Some years I underperform, some I outperform. YTD I'm up 42.4% across my portfolio with the 80% in passive ETFs up ~14% (the m...
by monsterid
Sun Jun 18, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 18
Views: 2006

Re: Tax Strategy for 1099 Income

I am in the EXACT situation you are with W2 income + 1099 income. I do this: - Max 18k into W2 401k - Get any W2 401k match - Contribute 20% of net profit from schedule C to individual 401k pre-tax account - Contribute up to $54k (less all previous contributions above) to individual 401k after tax n...
by monsterid
Mon May 22, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Insurance via 401k
Replies: 5
Views: 654

Re: Buying Term Insurance via 401k

I have an individual 401k with custom docs which allow this.

Sounds like there is virtually no upside.
by monsterid
Mon May 22, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Insurance via 401k
Replies: 5
Views: 654

Buying Term Insurance via 401k

Hi all, I'm 30 year old male, whose likely to get engaged in the next 12 months. I've been looking into term life insurance as is best boglehead's practice! I have a individual 401k, I was wondering if it's worth and/or advantageous to buy my term insurance via the 401k at all? Are there tax advanta...
by monsterid
Thu May 18, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 15890

Re: For those with $500k-$1m in investments...

Age: 30
70% Taxable / 30% Retirement
by monsterid
Tue Apr 18, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 6549

Re: Can I afford private school for my kids?

As a kid that went through a Christian elementary school (private) and then to public high school and university I have to say I thought the public system was far better for my education and growth as an individual then the private tuition. Financially obviously it was also beneficial to my family a...
by monsterid
Wed Apr 05, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 14540

Re: High Income earners, whats your Tax Strategy?

Generating some self employment income and writing off appropriate expenses through Schedule C. Also opens up potential individual 401k options which could allow you to take advantage of difference between contribution + match at your day job and the $54k cap.
by monsterid
Mon Mar 20, 2017 3:20 am
Forum: Investing - Help with Personal Investments
Topic: Generating income on margin to avoid paying margin interest
Replies: 4
Views: 642

Re: Generating income on margin to avoid paying margin interest

I don't hate it. It's obviously a "more advanced" funding strategy. I have access to a $200k personal line with my bank at 75bp over LIBOR at any time. It's super hard to ignore a cost of capital that low when looking at potential investments. Goes without saying adding leverage to any investment ad...
by monsterid
Sat Mar 18, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: SEP-IRA and 1099 Income
Replies: 12
Views: 1008

Re: SEP-IRA and 1099 Income

Go with the solo 401k, it's more advantageous than SEP IRA and preserves backdoor roth optionality without associated tax complications!

It's what I've done myself.
by monsterid
Thu Mar 16, 2017 5:32 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Traditional vs Roth
Replies: 26
Views: 2285

Re: 401(k) Traditional vs Roth

Traditional
by monsterid
Wed Mar 15, 2017 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Expat Wanting to Invest in Vanguard
Replies: 4
Views: 997

Re: Expat Wanting to Invest in Vanguard

Just put a google voice number?!
by monsterid
Tue Mar 14, 2017 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 5682

Re: Did I Buy Too Much Home?!?!?!

In Sydney, Australia, the median household income is $84,600 and the median house price is $1,032,000. Australians still buy houses and live in them. You'll probably be fine unless you get laid off for a long period of time. An amazing statistic! How? At zero percent interest the principal alone wo...
by monsterid
Tue Mar 14, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: Did I Buy Too Much Home?!?!?!
Replies: 42
Views: 5682

Re: Did I Buy Too Much Home?!?!?!

I think you are 100% fine. The refined answer would need to look at your savings rate / expenses, but given you are posting here about being nervous I'm going to assume you'll be careful for the next few years and really attack this thing.

Congrats on the new house!
by monsterid
Thu Mar 09, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: Did you buy SNAP?
Replies: 116
Views: 12126

Re: Did you buy SNAP?

I'm in tech and I don't think it's a good investment. You are speculating for sure.
by monsterid
Wed Mar 01, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the Market (just once)
Replies: 37
Views: 3758

Re: Timing the Market (just once)

Kaoboj wrote:I know I shouldn't try to time the market.
I don't think I have any special insight into when the next correction will hit, but I think it'll be in the next 5 years.
One for the history books =)
by monsterid
Wed Mar 01, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: LLC vs. S-corp
Replies: 22
Views: 1798

Re: LLC vs. S-corp

Correct Wife still has some FICA tax. However I view the flexibility around individual 401k / SEP IR, deductibility on schedule C and simplicity of the LLC as still more beneficial than S-Corp.
by monsterid
Wed Mar 01, 2017 12:05 am
Forum: Personal Finance (Not Investing)
Topic: LLC vs. S-corp
Replies: 22
Views: 1798

Re: LLC vs. S-corp

If you have other W2 income over the c.$120k FICA threshold then the benefit of electing S-Corp is virtually zero. Keep that in mind.
by monsterid
Mon Feb 27, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: schwab lowering ER's
Replies: 27
Views: 3702

Re: schwab lowering ER's

jacoavlu wrote:in the process of setting up an individual 401k for my small amount of 1099 income
this may sway me to schwab - ultra low ER with no minimum - though it seems Schwab has no Roth option...
Vanguard does not permit admiral shares for solo 401k
i got custom docs drawn up and setup at schwab.
by monsterid
Sun Feb 26, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 48
Views: 4900

Re: How much are independent contractors really taxed?

When I was living in California, I was looking at doing some part time work as an independent contractor in addition to my normal day job that already put me at the top of the 25% federal tax bracket. For each additional dollar I earned it would have been 25% Federal Tax + 15% Self Employment (FICA...
by monsterid
Sat Feb 25, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Delivering a Large Check
Replies: 37
Views: 4766

Re: Delivering a Large Check

We're now on 31 posts on this topic. I administered estates for leading corporate fiduciaries for 35 years and never did anything but obtain an appropriate receipt, release and possibly an indemnification agreement and mail the check by first class mail. Nothing else needed and never saw anyone not...
by monsterid
Sat Feb 25, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another milestone post
Replies: 29
Views: 2360

Re: Another milestone post

Congrats
by monsterid
Fri Feb 24, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: risk of my Tesla deposit
Replies: 147
Views: 14007

Re: risk of my Tesla deposit

Yes it is "at risk". No I wouldn't worry.
by monsterid
Tue Feb 21, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Contributions to a non-deductible tIRA vs. taxable
Replies: 18
Views: 1278

Re: Contributions to a non-deductible tIRA vs. taxable

SRenaeP wrote:Consider opening a solo 401k. Then roll the SEP-IRA into that. That will then clear the way for you to do backdoor Roth IRAs for you and DW.

-Steph
Do this.
by monsterid
Sun Feb 12, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Schwab lowers fees. Lowest out there?
Replies: 8
Views: 1339

Re: Schwab lowers fees. Lowest out there?

Yes it makes it the lowest out there. No a 0.02 difference in ER doesn't make a difference.

Both Vanguard and Schwab are good.
by monsterid
Sun Feb 12, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Need investment advice for a high tax bracket NYC resident
Replies: 13
Views: 2015

Re: Need investment advice for high tax bracket NYC resident

I'm in a somewhat similar position to you OP. My biggest thing is we are already so leveraged to equity market performance 930-4 M-F that I'd prefer to have some diversification from that. Beyond that thought the only two other items I'd look at are tax minimization strategies and increasing your sa...
by monsterid
Sun Feb 12, 2017 1:00 am
Forum: Forum Issues and Administration
Topic: welcome home bogleheads.org
Replies: 30
Views: 4380

Re: welcome home bogleheads.org

Out of interest who provides your upstream? They're peered with the backbones at the highest levels. The bogleheads.org server is less than two milliseconds from Level 3. Larry :sharebeer tier 1, nice! I had assumed you guys would be on DO, AWS. This must have a better cost benefit for boglehead pu...